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xmm
HUNT'S MERCHAJNTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
SATURDAY, MARCH
vijL. 60.
CLEARING HOUSE RETURNS.
8,
Week Bndint Marcli
the
compared with the previous week, and contrasted with
same week in 1889 there is an increase of 15-6 per cent.
Now York
$691,410,4(>3
Bocton
77.086,467
65.741,210
13,090,162
61,136.000
18,999,695
8,845,652
Philadelphia
Baltimore
Chicago
8t, I«alB
New Orleans
Seven
Other
cltlea, 5 ilajs
cities,
6 days
114,184,216
Total all cities, 5 dajs.
All cities, 1 day
$537,850,175
72,816,802
55,434,372
8,648,943
66,367,000
16,144,047
7,715,829
$855,795,534
198,401,816
+ 100
+5-8
+18-0
+53-3
Providence....
^
+17-7
+ 14-7
+10-8
+130
+ 11-1
+0-8
New
Total
England...
PhilAflAlDhia
PlttabarR
Wilmtngton. Del
as follows:
BuffWo"
all cities tor weelc.
$1,149.358,069
p.a.
1889.
Cincinnati
Milwaukee
New York..
Boston
2,821,479,546 2.696,130,017
+8-7
6,095,877,956
5,661,833,901
+1-1
827,2.'>9,f82
+49
789,184 ,S84
4^,758,500
19,2S3,6fl
11.132,654
11.084.177
9JJ22,316
9.910.019
6, i 57,268
8,568,441
42.633,900
18.236,719
10,410,034
10.208. 15a
8 868.240
8,298,723
6.046,148
3f2,47S,9»7
20,190,700
358.479,
New Haven.,
7,963,547
4.781,31b
gprlngtleld
...
6,08:1,45:1
+10-4
+6-4
+12-4
Worcester....
4,260.481
Portland
Lowell
Hew Bedford,
4.519.0:<6
3,04.S.792
7.210,
4,495,
4,524,
3,813,
3,589.
2,65.S,
4-14-7
1.600.683
1,394.
+14-8
Providence..
Hartford
19,2411,
tlO-0
+2i-9
Total N. BnR
41.3,912.004
406,437,6.0 +8-1
Philadelphia..
27.1,941.842
65,646.(173
263,784,741
Pittsburg
Baltimore
Washington..
Wilmlcgton..
Syracuse
56.570.657
5.510,097
8.1iW.>'20
3.095,731
47,15.^.582
3,373,86(1
943,477,088
897,200,666
+3-9
69e,39?.>'35
+ 18-0
575.823,602
124.131.965
121,323,750
11.824.489
6.981.896
6.116,923
100,574,(167
47.7f7.62u +18-4
4.012.118 +37-3
3.137.426 +1-0
8,874.495 +7-7
+7-6
+
+5-2
8.759,227
+ 850
6,046.-469
+5-0
—7-0
368,751,989
+7-9
876,771,858
804,486,586
Columbus
9.705,:iO(;
234,398.018 +8-0
41.92-.900 fI2-4
19.927.974 +2-0
18.484.08(1 +18-1
13.02i.10li f25-0
7.957.198 +l:2-0
Indianapolis...
8,165,249
6,074,HO«
2,449,195
572,101,263
104,154.700
45.261.275
40.941.425
37,828,175
82,703,100
18,506,690
12,161,108
6,763,763
603,607.097 +136
91.980.350 +13-2
Detroit
Cleveland
263,052.263
47,125,100
!0,496,«28
ie.464.38s
16,2»0.5«2
Chicago
Cincinnati
Milwaukee
....
Peoria
Grand Rapids.
Tot.M.West
Ban Francisco.
liOs Angeles..
Tacoma
56.040,618
2.481,768
2,6»5,19'"
Total Paclflc
Kansas
382,813,694
60,207,683
City..
34,256.920
Minneapolis..
16.8.-3,7»2
8t.
Paul
15.1161,6118
Omaha
16.401.453
Denver
17.308.89'
6.6117.300
Duluth
Joseph ...
Wichita
Sioux City...
Des Moines.
St.
Lincoln
Topeka
Tot.oth'rW
St.
5,702,068
2.811.129
3,229,534
8,004,788
2.000,000
1,878,804
188,640,044
New Orleans.
Louisville
Dallas
15.820.-<61
+17-4
13,424.126
5.429,1'"
—9-4
+6-2
115,530.076
5,814.200
5.609.771
128,102,45!^
-!)-8
6,646.660
-13-5
82,794.82?
126,954 .0i7
138.161,319
11}
34,610,245
12.452,467
13.229.665
13.486.265
13.012.850
8.057.237
+27-'-13-8
+21-6
+32-3
-18-5
5.343.5-V2 +6-7
2.663.534 +6-5
1.728.628 +86-9
2.049,7291 -2-2
1,900.000 +5-3
1.507.9501 —8-6
110,118,160+11-3
8,777,,566
208,404,738
18,069,872' +25-11
859,475,493
i
+14 7
-6-4
+24-6
2,443.1,0HOl+80-|
1,954,,8901+165-
Fort Worth..,
Norfolk
+7-2
38.359.757; ^«-7
28.863.999 +31()
42.-i38.15«
+H-4
-6-5
,4 09'
8.635,,124i -9-8
5,458,,4:12+44-6
Qalveston
all
+6-3
1
Memphis
Rlchmoni
Total
+15-9
—10-6
+9-0
58,565.638 -6-0
2,816,002 -11-9
1.423.68' +88-6
349357,609
72.500, 919
48.137, 979
28.105,,1(16
Louis
Total South.
7.042.5<:8
6,793.2(10
2,303.511-
—19-9
188,851,625 +10-7
4,101,296.228 4,074,986341
+134
3.412.191+64-1
—8-1
72.919.800
34.878.408
32.890.838
72.908,,558! 4 0-02
29.422.,2721 +18-5
29.407.,:i58+n-9
:i(!.4S1.3S8
29.70-2,,7091
28.949.,6-8;
36.645,117
14,9-;i6.491
12.699.470
6,068.266
7.624.941
+22-7
+26-2
17.722,,311-15-8
11,5711,,076+11-5
5,657,,717',
+--3
+ 91-H
4.753.359i
3.9-22.,1151
4,401.,976!
4,400.000
3,1:M,300
3,500,,000 i25-7
8,463.:,b99 -9-5
+8-0
287,398.496
840,827,706
+111
177.858.981
116.251.438
73.099,342
27,0a7.807;
18,307,7261
15.967.971
10.106.614
11.302,109
0,977,668
156,700,793
104,805,870
59,869.008
26,045,399
+ 133
+109
456,958,451
806.090,439 +15-2
Total Middle Western
+ 23-
3.2 84, 0.59.613
+(•-2
+9-2
The returns of exchanges for the week ending March 1
record a gain of nearly one hundred and fifty-three million
(-31,
1254,3001
(321.200)
(14,771,220,
(16,028,000)
(+16-3
Seattle*
Total Paclflc
Kansas City
Minneapolis
Paul
St.
Omaha
Denver
Dnlath
Joseph
St.
Wichita.
Siooz City
;..
P.Omt.
+W
[«?:^
(42B.900
(33,390,862 (•+138-1
(-90-8
(1,670,000
i-70-7)
»3,.574.4e4
-0-6
4.638.610
1,870,114
1,1IO,0;8
1.094,793
1,002,594
801,616
+ 17-3
5',i9.l3(l
76,726,454
4.643,300
+6-5
1,69-1.840
+14-4
+8 3
887,981
1,061.788
901,773
1,130,69.
+ 24-7
+49-1
-80-7
— 5*5.
+41
+1»7
+11-8
+4-8
+ 40-9
361,629
667,484
886,448
106.255,333
105,086,086
+1-1
88,086,042
-S-7
78,S48,»4»
15,847,502
14,699.074
1.379,238
700,603
67,207,503
12,961,386
12,066.001
1,083.240
867,784
887,459
+ 17-8
60,763,364
+81-0
—19-8
+4-0
18,310.986
1.813,708
862.281
6i9,163
6,460,797
+4-7
+8-»
+87-4
+44-0
+17-8
+9-1
118,297,782
95,645,388
+ 17 4
87,116,467
+r9
68,717.836
12.403,500
6,186,706
64,846,646
11,148,160
4,149,226
+5-8
+81-0
-8-S
+18-8
3,0-23,678
+ 23-1
8,817,000
1,609,938
1,888.757
564.087
-2-5
-S-4
+18-0
+7^
+
10-8
743,386
860,983
+8. -2
+ 15-3
ll,3H6.03fl
-i-11-7
+10-6
5,.'»1,876
61,833.532
11,364.600
5.818.131
4.187.379
4.589,798
2,380.900
2,075,698
1,562,771
6&2.530
8,8J0,68i
1,833,600
1,661.186
e55,X59
+18-0
+9-8
-2-6
+26-4
+83-4
+4-9
+13-3
+8-0
-0-4
102,841,383
91,909,687
+11-8
81.230,846
15,607,424
697,613
18.499.761
736.451
341,781
-16-8
-6-3
+09-5
11,982,803
632.800
—1-9
7-88,688
+toi-»
3,»6.>.40S
4,48-2,624
+B-B-
1,066 238
704,946
.....*
18,886,630
19,577,936
-lS-7
13,194,031
-6-»
9,304.291
3.424.106
4,190,208
3,971,406
4,638,825
1,409,218
1,538,793
8.414.701
3.351,990
+10-8
t2-1
-«•»
+S8H)
1,190.7811
+i!-S
681,1«8
639,684
438,282
455,985
+ 66
+ 983
7,840,943
4,814,036
8.111,170
3,332.793
8.662.071
1.196.396
1,111.383
708.649
846.780
400,1X10
8.8(15.403
+ 8-4
3.64H.N49
3,682.400
1,814.168
+11-9
+86-8
-28 3
—4-7
-flO-8
+88-6
+30-8
-86-0
-4-1
+18-6
+124-6
—1-8
+186
371,171
-11-4
417.969
400.000
273,938
81,828,741
28,507,400
+9-8
86,546,080
+9-0
20,647.027
12,236,961
9,09«,S56
8,678,861
1.914.41S
8,838,773
1,065.191
1.017,694
849.692
620.395
8.008.663
866.582
601,417
18.800,260
13.455.163
7.223 504
+9-8
-9-1
+85-9
17.880,280
+U-9
62,061,068
48,260,e80;
+7-8
42,159,078
+10^
1,190,642,861 l,029,847,i'88j
+-18-6
937,940,691
+5-1
Des Moines
431,689
460.000
828,784
Total other Western..
Louisville
Memphis....
Richmond
Dallas
Fort Worth
Norfolk
Nashville*
Birmingham*
Chaitanooga*
Total Southern
all
Feb. it.
1890.
(1,663,136
93,031,865
6.441.700
1,991,880
1.269.629
1.186.256
1.24U.919
1,195,5:5
869.8-16
Topeka.
Total
Week End't
6e8,640,86,<l
(-20-8)
1,693,731
645,752
-3 6
8,776.'.!94
1.997,013
1,606,819
-4-1
+48-6
624,976
566.107
919,426
— S9-8
42M28'
+»!l-3
-6V8
88
8
1
8,><8I,939
6.079.018
1,88:4,236
2,058,479
1,092,116
900,000
922.018
714,774
432,183
2,007,883
758,483
456,810
-8-8
+1-8
+S0-9
-37-9
-0-6
+71-7
+80-O
+184-7
-8-a
+ 80-8
+4-4
+8-4 341.300,588
889,007.051
Outside New York
421,561.087
* Not Included In totals.
Our compilation of sales, &c,, of stocks, bonds, &c., for the
'
two months
is
as follows:
Too numUis,
Dacriptton.
+3.8
12.609,916 +27-6
6,036.129 +71-2
4,546,232 +1487,841.008 -110
(l,128.8lil)
681,793
Portland*
18,9aM24 -3-3
+8-0 0,626,907.328 8.809,793,414
Ontslde K. T. 1.679.815.682 1.479.805.880 +6-8 3,631 .0 20.372
Grand Rapids
+2-3
+5-S
897,987,711)
Total Middle
Peoria
+ 10-4
+4-1
+23-4
106,045.769 +21-0
6.577.652
Cleveland
1-8
+7-3
+6-7
+6-9
+**6
+6-1
(l,093,68-<)
922.019
6,147,218
Turn Months.
February.
1890.
$1,054,196,760
+ 80
840,140,387
(4,692,lro0)
+8-.';
1.
P. Cent
1889.
788,681,164
(87,3('5.9!;0i
'm
+90
The exhibit of clearings for February and since January 1
Total
is
«960.443,785
198.914,284
Vni'If.,,
Per Cent.
$754,777,258
101,018,376
$83e.259,6Q'J
Week BndiiK; March
IS 90.
Waw
8.
1889.
1890.
1,289.
dollars
The following statement shows the bank clearings for the
week ending to-day (March 8), made up according to explanations contained in Chkonicle of Oct. 26.
CLKARIH08.
Returns by Tet«0raph.
NO.
1890.
ruro months. 1889.
1890.
Por Volus
Actual
or Qwmtitv
Value.
Aver'ne
Price.
11,552,209
atoflkJSh's
887,163,780 81-6
I 59,991,291 79-0
»663.460i
|807.183 181-7
tl,397.00i>
t8T5.542 62-6
$1,188,148 110-0
tl,u80,4H3
""^'iVal. $1018608800
RR. bonds.. 175.907,2601
Gov't bonds'
Statebonds;
Bankstocks
J
,
Total... $1007657896 $690,015,886
36,812,000, $38,580,000, $101 8-5;
5,062,100, $309,306,054 $64-63
245,726,9321 $135,180,'275 63 l-7o.j
Pet'l'm.bbls
Cotton.. bis.
Grain. bush.
Total value
I
!$I193093.115|
Par Valu'
or duantUV
10,801.106
$982,795,850
$97,014,525,
$1,071,0001
$1,326,200
$3-27,350
Actual
Aver't*
Value.
Priu.
630,506,118 84-2
$86,639,273 89-8
$1.34S.419 188-4
$918,297 69-8
$141,444 134-9
$1082.533.020 $719,747,551
66-5
88c.
114,440,000^ »10n.()8«.90(
$49-74
3J50-2.601) il74.806.47c
197,741.877 $168,915,869 88 8-60.
$1167568.79^
THE (^HRUNICLF.
330
[Vol. L.
flowing to the interior in considerable amounts from
To supply the needs of commerce our
THE FINANCIAL SITUATION.
this centre.
banks require all that has been taken from them by the
market during the past week. This Treasury iu February. To deprive them at such a
variation in tone and rates seems somewhat erratic, fol- juncture of five million dollars of deposits, while the
lowing as it has a series of bad bank returns, the last re- Treasury likewise retains six millions to meet the 1st of
turn showing a further and decided loss in reserve, April interest, makes the prospect hardly as che?rful as
though surplus reserve decreased only $1,336,600 be- could be wished. We are led, therefore, to feel much
cause of a loss of over 9 million dollars in deposits. doubt as to the official nature of these announceStill, those who have watched our money market closely ments.
Call loans at the Stock Exchange have ranged from
of late years will feel no surprise at this latest change.
As we have said on previous occasions, our associated 6 to 2 per cent, averaging 4i per cent against 5 per
banks and their restricted reserves have lost in part the cent last week. Eeuewals have been made at 5 per
control of rates they once possessed, much as the Bank cent, and that is the minimum rate of banks and trust
of England has lost its hold on the open market. Out- companies.
For time loans the demand is good, but
ride capital is so eager for employment and has be- the supply of money is not abundant, lenders, as we
come so abundant that it underbids the reserve carrier, have already stated, being disposed to wait for better
inducing the bank itself even to pay less regard to its rates. Quotations on first-class collateral are 5 per
surplus under the pressure to keep up dividends. This cent for sixty to ninety days, 5|^@G per cent for four,
situation is only possible when confidence is strong and five or six months; transactions are limited, some being
Even any temporary or irregular recorded at 54^ per cent, but only a few at the higher rate.
credit undisturbed.
action such as usually occurs here at the turn of a Commercial paper is in good supply the inquiry, howmonth breaks the continuity. That was the difliculty ever, is confined to out of -town buyers. Rates are 5^ per
last week, and now for a few days we have been experi- cent for sixty to ninety day endorsed bills i-eceivable, 6
Tliere has been a little easiei- condition in all depart-
ments
of the loan
;
encing the
relief
which a return
of the interrupted con-
per cent for four months' acceptances, and
6@7
per
names having from four to six
These facts account in great part for the change in months to run.
The bank return of last Saturday
the tone of the market, which came with the beginning showed that two of the principal institutions had
cent for good single
dition brings.
of the week.
Other iniluences have contributed
same direction
since.
in the $2,878,700 surplus reserve, while the associated banks
Quite a general belief has pre. as a whole reported $2,364,200.
vailed among money lenders that rates for time loans
In Europe the tendency of money has continued
would improve as the month advances. Consequently downward. On Thursday the Bank of England rate
there has been a disposition to employ temporarily on
of discount
funds paid in on maturing contracts. The freer
offerings which have resulted from this increase in the
supply in that department of the market, though they
have not affected bank rates, because of the small re€erves, have imparted an easier tone and given some
had stood
call,
slight shading to
the current quotations for
all
outside
This tendency has been further helped by the
offer of Secretary Windom to purchase 4 per cent bonds
and the taking of 3 million dollars in amount
on Thursday and Friday, which was felt to be quite an
money.
oncouraging circumstance.
Finally, a reduction in the
minimum of the Bank of England, announced
on Thursday, and the easier rates in the open market
London, contributed in a like direction.
But of what account as permanent influences on the
market are any or all of these changes if the associated
press dispatches are correct with regard to Mr. Wind-
official
om's intentions.
It
is
stated apparently by authority
that another call on the banks for the surrender of a
further portion
is
(five
to be issued in a
million dollars) of their deposits,
few days; add
was reduced from
5 per cent, at
since February 20th, to 4^ per cent.
which
it
In the
open market, London, the cable reports discounts of
sixty to ninety day bank bills at 3@3i per cent against
4 per cent last Friday. The figures would indicate that
while the official rate has gone down ^ of one per cent,
The
the outside rate has declined f of one per cent.
lower official minimum seems to have reversed the
flow of money which was so largely from the interior of
Great Britain to the Bank as long as 6 per cent was
niaintained this week the movement is once more towards the country, and it would appear probable
(judging from the drain during past weeks) that this
The Bank
outflow from the Bank must continue.
This,
gained £148,000 bullion during the past week.
as we are advised by a special cable to us, was due
to the import of £227,000, principally "bought," but
part from Brazil, and to a shipment to the interior of
Great Britain of £79,000. The cable reports the open
.market rate at Paris 2^ per cent, at Berlin and Frank;
fort
3| per cent.
Our foreign exchange market has been very variable
reduce and unusually active this week. The extreme advance
and do was 2\ cents per pound sterling for long and from 2 to 2^
to that the additional
statement that the Secretary is disinclined to
his available surplus below 20 million dollars,
we not have quite a clear case of difficulty in prospect ? for short ; but yesterday there was a decline again in
ISo doubt twenty millions is a low enough limit for his both.
Easier discounts in London induced buying of
surplus, and no one can
take exception to the long sterfing, there being at the same time a demand
announcement
in
that particular.
But to say for the same class of bills from bankers who had been
at the same time that five
millions
more is carrying drafts bought about sixty days ago and which
taken
from
banks
the
and
locked were maturing. These bankers in fact commenced to
Sub-Treasury, seems hardly
credible invest largely in long sterling at the low rates ruling
after the increase in the Sub-Treasury holdings of cur- last week, but it was not until Tuesday that the demand
rency in February of over 12 million dollars. In a began to be felt in the market, and when the reaction
subsequent column we have remarked upon the Gov- set in the rise was the more rapid because of the overto
up
be
in
the
Monday Brown
ernment operations last month and their "effect on our sold condition during the decline.
bank reserves.
We there show what the banks have Brothers & Co. and the Canadian banks
lost and what the Treasury has gained.
Money is still dropped their rates to 4-81 for sixty days and
i
March
8,
CHRONICLK
'IHE
1890.]
SALKK
4*85 for sight, while at the same time Kidder, Peabody
& Co.'s rates fell off to iSli for longaud 4-85^ for short.
Tuesday the first mentioned firm in two movements
put up their rates to 4-82 for sixty days and 4-80 for
light; on AVednesday the same drawers again advanced
their figures by two movements to 4'83 for long and
4*87 for short; while on Thursday, with the reduction
in the Bank of England minimum to 4^ per cent, the
lame firm advanced long sterling to 4-83^. On the
the Bank of British North America
latter day
posted
stated, there
Yesterday,
short.
for
4"87i^
was a decline.
already
as
Brown Brothers &
<>K
331
STOCK* AT THK
KSW ruBK STOCK
UHl
I8FS.
Uonth.
VatUM.
Xuniber
0/
Shara
Par,
0/ ah:!ra.
Actual.
1
ralu4».
Sumber
Pjr.
re-
Actual,
•
«
%
6.888,483
5S8.8«1,«7B
»05,231,502
4.878.r,2l
408.455.79.^
.
6.082,771
ii9i,8rt:),53«
8,812,132
4,739.52;
7,32?,91l
4l8.»13,2iX)
Sept....
483,417.175
528,192,528
Jnlr.
Anit..
Sd
..
Ofl5,.57''.,IOO
a48,930,87t
2a7,7ia.5is
438.H4S,850
933,703,307 18,740,9.181 1,490,045.025
»tl.552,84(
3.12,811,179
qr. ia,3S3,3?i9 1,333,201.375
Oot
7.677,»19
718,883,830
428,855,7081 8,743.193
822,8;7,!i00
S7«.a8l,499
Nor..
6,980,118
860,171,850
349,915.079; 5,.3l9,58i
47.t,Ml^,05O
8lt4.19I,l«28
Dec...
5,4 2.3.8 tti
473,»'91,1'^5
217.021.417! 8.379,78-,
557,4.V),7tO
S75.81S.453
(th qr. 19,981,851 1,837.728.028
i
,083,522,202' 18,48 i,540| 1,831.028,70 j] 1 ,01 1 .898378
1890.
Co.
axcHAitar.
Ian....
8,333,019
F«B....
3,199,190
I8>9.
518,4l».tOO
472,192,000
818,979,202
3:1,171,518
4 8:2.10-
489.780.830
353,011,700
5,Ui8,9f8
8He.ll8.SM
SJ5.39i,72»
ducing their rates to 4 83 for long and 4"8G| for
all
posting 4-83^
other drawers
short, and the
4'87
for
short.
There was an
for long and
arrival of $400,000 gold by the La Normandie early in
The im*
the week, but this was in transit to Canada.
mediate future of our exchange market will depend
largely upon the condition of our money market.
If
rates for money advance, exchange will in all probability
In railroad gross earnings, the ratio of improvement
week of February is rather smaller thaa
we have been accustomed to see of late, our statement
on another page showing 8"87 per cent increase on 54
roads.
However, we are not to attach any particular
importance to this change, as there seem to be special
decline again.
into weeks,
for the fourth
bank clearings are any guide to the business
volume of trade, as heretofore, continues
of very large proportions.
We have this week prepared
our statement for the month of February, and the
results disclosed differ in no essential particular from
those noted in the months immediately preceding.
February is a short month, and besides contained a
By their method of dividing the month
some roads report on a smaller number of
days than for the week in 1889, while others, of which
the Norfolk & Western is a type, have suffered by
reason of bad weather and other temporary drawbacks.
For the full month the exhibit is very satisfactory. Our
usual monthly review will not be ready till next week>
but a preliminary total which we have had prepared
for the 90 roads which have thus far furnished figures,,
holiday
shows an increase of $2,205,039, or 11-86 per cent.
As
far as
situation, the
quite generally observed
in business cirthroughout the country.
Nevertheless, the
aggregate of clearings for that month shows an
excess over the total for the corresponding month in
1889 of 326 million dollars.
Moreover, this is in the
face of a loss in clearings of about 85 million dollars
on account of diminished dealings in stocks on the
New York Stock Exchange, that figure being arrived
at in our usual way by allowing an average of 2J checks
to each transaction.
It is furthermore to be noted that
the increase is additional to an increase in February,
1889, when our statement recorded a gain of about 500
million dollars; or, to put it in another way, after an
increase of 13-8 per cent in 1889, we now have for 1890
a further increase of 8-00 per cent.
Outside of New
York the proportion of gain is somewhat smaller, being
6"8 per cent, but the amount of gain leaclies 100 mil-
reasons for
The
cles
lion
dollars, as will
appear by the following, in our
usual form.
MONTHLY
CT.GARINGS.
CleaHnot, Total AIL
Mnnth,
P.Ct.
18S9.
»
i
ifiXU.iaHfiiV 3,834,822,lBi|+20 8
1.725,51 1.Ont!
3,8e5,li4.»42|Hl2
l,547.0»3.Mi)3;
'
I
Jalr-.
AUiUst.
;
•),2ii(),lH4,iiC7
...!
September
4,23^,021
1
4,130,280,077
,2(l3l
1
+2-4! l.n.W.lSO,^!
8dquarter.|i8,lB»,8il,Sa»ill,b38.«7B,5Sli+ll-2' 4,sll,:jiiB,»50
October....; 4,552,70e,92a
NoTembor.l 5,023,: 20,629
1
Febrnarr
We
.
.
I
IKUO.
,'i,22'.»U.100
4.401,2»"i.22K
on the
This,
som&
howcom-
from the fact that the table
from the sections where the
conditions have not been satisfactory. Thus, considering
the cold weather and snows which prevailed in the
ever, follows chiefly
prises a
number
of roads
Pacific Coast section
during January,
it
seems perfectly
natural that the Northern Pacific should report net of
only $283,232 for 1890, against $339,197 in 1889, the
more particularly that the gross earnings had alsa
fallen off.
and
So, too, the very large loss in both gross
former, and
($150,945 in the
$130,097 in the latter) reported by the Central of
New Jersey, merely reflects the well-known connet
earnings
dition of the
anthracite coal
trade.
The
Reading,,
be remembered, for the same month jjresented a
a better comparison than this, having gained $103,428
it
will
-)
4,402,S88,tiaO'
i tf'S
Lykens Valley (Pennsylvania Railroad
are further evidence
to.
that effecl.
coal companies)
At the same time,
1
18-<H.
4,824,157,687
4. 074.93^.8 17
New York
fO
+8-3
1^90.
1,951,113.890
1,755,153.BH3
+8
1.57^.815.B^2
1,479.805.830' +fl-8
I
have referred above to a falling
in stocks
instances less favorable than heretofore.
Tork.
quart'r;ih.5»s,i:53,Blil 14,100,347,1^58, <-lU-4[ 5,682,:!8!,.324i 5,2:9,08.5,11"
January....
earnings for January
secured this week, are also in
As both production and prices of coal are lower than a j-ear ago,,
1888.
P.CU there can be no doubt that the companies chiefly interested in the anthracite trade, either as miners or car1,490.032,1111! +15-7
riers, are faring rather poorly at present, and the
1.462,417,48« +B6
3-8
1,450,837,2!I5!
returns previously submitted by the Summit Branch and
Xew
5,044,513.070 +10-o' l,931.045,5!l«l 1.85'',ll)l,70o' M'S
4,874,979,501 1-U-8I l,lil»,53B,107, 1,85^,770,1175, +ll'7
Decomber.-j 4,991,82ti,0!l7l 4,0Sil,»24,:i9« +8-5 1,827,901.821 1,7!0,102,7";9' -f O'O
4th
further returns of net
which we have
in gross, though losing $20,605 in net.
Clearinya Outsidii
1888.
it.
off in
l«t-9.
-HI 2
the dealings
Stock Exchange.
The
vol-
does not appear to be correct to say that the coal
companies all over the country are doing badly, notwithstanding the generally mild weather exper ienced up
it
to the 1st of Marcli.
Whitebreast Fuel
We
note for instance that the
Company
uary, 1890, sales of 72,105
of
Iowa reports for Jan-
tons of coal, against only
ume of business on the Exchange was not large in 52,000 tons for January, 1889, with net earnings of
either year, but the 1890 total falls below that for 1889. $19,977, agains-t $4,649.
The Colorado Fuel Company
Ilere are the comparative figures for each month since also reports a larger business in 1890 than in 1889,
last July.
It will be seen that the number of shares sold giving the sales at 68,508 tons, against 51,137 tons, and
this year was only 5,199,190, against 5,928,998 in net earnings $28,539, against $23,876.
February, 1889, the actual value of the sales being
From the N orthwest we have a bad statement by the
311 million dollars, against 345 million dollars last Chicago Burlington & Northern, with net, of $29,735
jear.
against $50,408, but in this case fortunately the
THE CHRONICLK
332
Northern is not typical of other systems in the Northwest.
We saw last week how largely the Burlington & Quincy
had gained, and this week the St. Paul reports net of
$453,344 against $394,169, and the Wisconsin Central
$79,665 against $41,323. From the South and other
sections the returns are also pretty generally quite good.
much on
[Vol,
Xj.
that account, 'there being a very general
belief that the difliculty
would soon be
settled up,
and
further that a way would be found for reorganizing the
Inter-State Railway Association on a new and more
comprehensive
basis.
What
more than anything
decline
helped operators for a
was the continued
else
Nashville has net of $613,733 against absorption of funds by the Treasury and the continued
$559,703; the Louisville New Orleans & Texas $143,815 demand from the interior, leading as these circumagainst $81,034; the Chesapeake & Ohio $101,000 stances did to apprehensions of tight money, which
against $95,000; the Cincinnati New Orleans & Texas fears the advance in the quotations for foreign
The
&
Louisville
With the change in
Pacific $138,000 against $131,000; the New Orleans & exchange still further stimulated.
Northeastern $35,000 against $30,305; the Vicksburg the Treasury policy and the large takings Thursday of
Shreveport & Pacific $19,000 against $13,000; the Kan- the 4 per cents, the market yesterday showed the effect
sas City Fort Scott & Memphis $119,335 against $101,- immediately in increased dealings and an improving
686; the Detroit Lansing & Northern $14,554 against tone.
$8,358; the Chicago & West Michigan $31,749 against
$18,146; and the Kome Water town & Ogdensburg $107,-
868 against $90,174.
The annual report of the Texas & Pacific for the
calendar year 1889, issued this week, presents a number
encouraging features. Gross earnings increased
$543,416, and net earnings $398,930, over the year preceding, and the increase in the net was made in the
face of the fact that $310,853 paid out for betterments
of
and improvements
in 1889
was charged directly against
The
increase in gross revenues oc-
operating expenses.
made up from returns colshows the week's receipts and shipments
of currency and gold by the New York banks.
The
lected
following statement,
by
us,
f^eek ending
March
Received by
SMpped by
T. Banka N. r. Bahkt.
7, 1890.
Net Interior
Movement.
ir.
Carrono7..
Sola.
ToU) aoia and
legal tenderg.
11,091,000
100,000
t2,345,000
400,000
TiOsa. tl,254,000
tl,191,000
12,745,000
I.OSB, «1,55 1.000
With the Sub-Treasury operations the
Week endtno March
7, 1890.
Banks Interior MoTement, as above
Into Banks.
Loss.
result
N^
Out of Banks.
$2,745,000
11,191,000
300,000
is.
Change in
Bank Holdinge
Loss tl,554,000
18,400,000
10,100,000
Loss. 2,300,000
curred almost entirely in the last half of the year, and Sub-Treasury operations
111,291,000
115.145,000
Loss. f3,'<54,000
Total ffold and l8Ral tenders..
for this period the company reports the largest busiThe
following
table indicates the amount of bullion
The road had a greatly augmented
ness in its history.
week, and at the
amount of cotton freight, having carried 484,938 bales in the principal European banks this
corresponding date last year.
will
and
yet
it
in 1889, against 333,634 bales in 1888,
March 7, 1889.
March 6, 1890.
doubtless be a surprise to most persons to hear that cot-
aanktot
ton in 1889 formed only 8-39 per cent of the entire
tonnage of the system. There are many classes of
freight which contribute a larger proportionate amount
of the total than cotton.
Forest products" furnished
23'9l per cent of the whole, products of the mines 14-84
per cent, and manufactures and general merchandise
as much as 33*36 per cent. Live stock constituted 8*08
per cent, flour and grain 5 "50 per cent, and miscellaneous
Diversified traSic
agricultural products 5-89 per cent.
like this tends of course to greater stability of
business.
It is
income and
interesting to note also that only 37"13
per cent of the freight traffic is classed as through,
62 •88 being local.
In the matter of income however
because of the longer haul on the^through freight, the
proportions are pretty nearly alike.
The
Sold.
Bngland
Franoe
Oermany*
...
A,ust.-HnnK'y
Netherlands..
Nat-BelKlum*
rot.thlB
week
Totai.
Oobt.
£
£
23,584,453
83,684,453
60,029,000 50,018,000 100,017,000
28,091.334 14,011.666 43,139.000
5,437,000 16,248.000 81,688.000
aUver.
lotoi.
£
£
82,008,071
28,008,071
40,345,000 49,208,050
31,147,331 15,573.667
89,553,000
6,6H9,00« 15.510.00
21,239.000
12,299.000
4,032,000
4,758.000
5.700,000
10.458.000
5,101,000
8,7^9.000
1,364,000
4.093,000
8,638,000
1
7.198.00C
1.344.000
48.7-31.000
114,6211,787 87,378,668 202'002.463 106.983,101 88,863,687 195,852,071
rot.prev.w'k. 114,593,059 87,299,668 201,89J,725 106.673. 15 J 88.965,86? 195,63 S,8-2a
• The division (between gold and silver) given in oar table of coin and
bullion In ilie Bank of Germany and tlie Bank of Belgium is made from
the best estimati we are able to obtain; in neither case ia It claimed to
be accurate, as those banks make no distinctlo n in their weekly rep orts
merely reporting the total gold and silver, but we balleve the division
we make is a close approximation.
Note.— We I eci'ive the foregoing results weekly by cable, and while not
all of the date given at the head of the column, they are the returns
issued nearest to that date— that la, the latest reported tlgures.
TREASURY OPERATIONS AND BANK
RESERVES.
rates received
are not high, averaging only 1 "34 cents per ton per
mile and 2 "72 cents per passenger per mile. Total net
aUver.
£
£
Our readers
will not be surprised
when
told that the
week show
income of the company for 1889, after paying the that (even after allowing for the new silver coinage less
amount already- mentioned for improvements, was bank notes retired) the Government has taken about
The requirements for obligatory interest 11 millions of dollars net from the channels of com$2,023,770.
were $1,279,490, for rentals &c. $109,664, and for merce during the month of February. We say from
monthly Treasury statements issued
this
taxes $173,117, or $1,562,271 together, leaving a the channels of commerce because these accumulations
balance of $461,499, of which $174,164 was used to pay are not wholly drawn from our New York banks.
for new equipment, boats and barges, and the remainder Some months New York may supply the entire drain
•
reserved for further betterments and to pay for equipment already contracted for.
and whenever the withdrawals are large the greater
But of course
portion is always taken from this centre.
Until yesterday, the stock market, though more or the other Sub-Treasury cities are in like manner daily
less irregular, was considerably depressed.
Yesterday, receiving and disbursing, and the net holdings of
however, the tone changed completely, and there was cash at the end of the month will vary at each of the
much activity at rising prices. Reading securities, other cities as well as here.
both stocks and bonds, have been sharply attacked,
In this case, however, judging from the data at hand.
and yielded more easily than expected, though at a New York must have suffered nearly the whole drain.
decline of about 3 points the stock again found sup- Our Clearing House banks on February 1, 1890, held
port.
The passenger rate war west of Chicago has $131,565,600 of reserve; by their return dated March
been spreading, having extended to St. Louis, Kansas 1, 1890, their holdings had been reduced to $107,019,City, and even to points beyond the Missouri River. 000, showing a loss in the month of 14^ millions of
But the stocks of the roads affected did not suffer currency.
Allowing for the fact that these bank
March
6,
mE
1890.J
figures arc averages,
ior
shipments,
explain each other
also for the net inter-
and allowing
the bank and
— that
is
CHROJSiCJLK
Treasury
to
say,
statements
what the banks
have lost, less the net sent to the interior, the Treasury
has gained. To express the upshot of this phase of the
monetary situation in the fewest words, the month's
operations disclose the fact that our Sub-Treasury
system may arrest the free action of commerce any
month, and has the power of itself to produce a panic
There is no
within almost any thirty or sixty days.
333
upon being able correctly to forecast the
money market) there is not a single
individual among this vast army of toilers but is
more or
less
—
condition of the
wholly ignorant whether it is the prospect or not.
- No one will understand us as charging this
situation
upon the Treasury Department. The situation is the
direct action of our Sub-Treasury system.
Of course
we do not agree with the policy of withdrawing the
bank deposits. The enlargement of those deposits
arose out of just such conditions as have existed during
exaggeration whatever in that statement, and further- the last month, the only difference being that when the
more in making it we cannot say we have any good enlargement was made, the disorder had proceeded
reason for believing that the system will be changed. much farther, and had become so acute that nothing
On the contrary, so great apparently is the popular but the deposit averted a panic. Now the position of
prejudice against keeping Treasury surplus in banks,
our Government, in deference to that prejudice, is to-day
engaged in drawing in Government deposits from these
institutions on the assumption that the doing so is a
If public opinion supports that
meritorious act.
movement, by all means let it go on until the public
receives a full dose of its own medicine, and is thus
less critical, and yet a stage has been
reached which makes relief imperative, and as bank
affairs is far
been discarded, Mr. Windom seems to
bonds for a method;
hence we have the notice given this week that the
Secretary is ready to accept the 4 per cents again.
The price now fixed is 123, and the offerings thus far
Whether they will continue large,
have been large.
cured of its prejudice.
To exhibit just what has transpired in the matter of and whether Mr. Windom will go on purchasing them,
currency changes through Government operations in the event alone can develop. His willingness to make
February, we have prepared the subjoined statement. purchases for any length of time seems to be drawn
It is not often in currency matters that cause and effect in question by an Associated Press dispatch, which we
deposits have
be shut in to a purchase of
can be so clearly presented, and hence these figures are have sufficiently considered in "The Financial Situation," and need not refer to here further.
As to the
unusually instructive.
1890.
probable extent of the offerings, it has always been
MarehX.
F^bruaryl.
Het Ourrenet; Ho'dingn bj/ Teanirer.
urged that the fioating amount was limited.
But it is
Gold coin and buUion
?177,386,285 $187,988,948
Silver coin andDullion
Legal tender notes
National bank notes In cash
National bank notes In redemption
Fractional silver in cash
17,380,815
7,606,224
143,252
6,029,508
22,683,900
18,481,773
9,593,865
142,161
4,197,153
22,971,090
Total Government cash in sub-Treasury. 15231,229,984
^243,374,990
Gain by Sub-Treasury and lost to commerce in February
Silver coinage during February
Net national bank notes retired in Fcb'y..
12,143,006
$3,488,000
2,373,166
a fact of good promise in
Mr.
Windom
what
the
was
public
needed,
was
and
prepared
at
rate
than
would be suc-
lower
a
to expect
cessful.
We
its
might join
decision that
1.114,834
23 per cent
Netloss of currency to commerce in Feb'y
the present emergency that
has been successful heretofore in getting
issue with the public in reference to
it
is
better
premium and
to
pay for
our
debt
higher, according to the
$11,030,172
urgency of the crisis, than to leave the accumulations
foregoing shows that were it not for the changes ia the banks for eighteen months, when they will be
caused by silver coinage and bank note retirement, the wanted to meet the 44 per cents then due. But we
simple operation of the Sub-Treasury system would will not.
Time will set opinion right on that point.
The
—
have contracted the currency in twenty-eight days over Besides, it is with the system that we take issue
12 million dollars.
Even as it is, over 11 million dollars system which in its very nature involves first withnet have been suddenly withdrawn.
Had that sum drawing currency from commerce and then returning
been picked up in small amounts all over the country, it again in bulk. Such a device cannot help producor had it been taken in during a period of several ing irregularity and uncertainty, the worst hindrances
months, the effect would not have been so manifest. to legitimate trade.
But it has been taken almost in a lump out of the only
reserve held in the United States for our internal
commerce to draw upon, and at a time too when RESULTS OF IOWA'S RAILROAD POLICY.
the interior was in need of help.
It has conseA study of the results of Iowa's railroad policy darquently not only raised the rate of interest here ing the last few years can hardly be gratifying to its
and
made every resident merchant, banker, and advocates unless it be granted that the aim and object
who has found it necessary to borrow, pay h^s been to cripple the railroad industry of the State
broker,
higher rates than would otherwise have prevailed, and impair its condition. We have just received from
but , it has affected our markets for securities the Iowa Railroad Commissioners their bound report
and commodities and has more or less perceptibly for the fiscal year 1889, and because of the prominent
affected
other
centres
of
trade.
Furthermore,
a
part which the State has played and
still
plays in the
amount that has been thus hoarded will not contest against the Western roads, have given the report
in the natural course of affairs come out until the first critical and careful attention.
The data furnished are
of April, when a little more than 6 millions of less complete than in former years, some of the compainterest becomes due; the other part may come out next nies having failed to file returns, but there is enough
week or the succeeding week, or may be kept where it information on which to base a reliable judgment.
is and another 11 millions added to it during the cur- Examine the figures as one may
consider them from
rent month.
We do not assert that this is the pros- any standpoint and nothing can be found to justify
part of the
—
We
—
do assert that there is not a single individual the course pursued, but much to call it in question
engaged in commerce and in active and suggest as the part of wisdom the adoption of a
enterprise (ventures which depend for their success different and more encouraging policy.
pect.
of the
millions
THE CHRONICLE.
334
[Vou
I*
edly the great economy which the roads were forced to
"about the same as last year." practice had a tendency to yield improved results. But
To correct the impression that no new mileage what- how does the outcome for 1889 in this respect compare
ever has been built during the twelve months, they with some of the earlier years ?
On page 100 of the Iowa report for the year precedatate that one of the companies reported its mileage too
large the previous year, and that actually 31 miles of ing (1888), we find a table which throws considerable
new track were laid. This 21 miles is equal to about light on this question. Taking the earliest year for
one quarter of one per cent of the whole mileage of the which the proportion of earnings for low^a is stated in
State, which gives us a measure of the activity which that table, namely 1882, it is discovered that the net for
Further on, the Commissioners point out that year was $11,511,572. For 1889 the amount,as already
prevailed.
that the Sioux City & Northern has constructed a road given, is $11,861,310, and for 1888 the figure was only
from Sioux City to the north line of the State 60 $10,998,423. Hence it appears that in a period of seven
But in
miles or more which, not having been in operation at years the net has improved not quite $350,000.
The Commissioners
report the length of road in the
State as 8,346 miles, or
—
—
was not included in the 1889 these seven years the mileage operated within the State
" as evidence has been increased over 2,000 miles, or from 6,337
" that there are parties who are still willing miles to 8,346 miles. We do not know what the
"to invest in building roads in the State." increase in capital has been in the meantime, since th&
The Sioux City & Northern is intended to form part of figures for 1889 are incomplete. But between 1882 and
the end of the
total.
They
fiscal year,
refer to this fact, they say,
a short and direct route between Sioux City and Duand has been built, we take it, for the through
luth,
business
it
may
secure rather than for any local busi-
ness that might be gathered
up by
it.
Sioux City
is
1888 the increase in the cost of road and equipment on.
Iowa mileage had been 61 million dollars. In other words,
with 61 million dollars more money invested and with
one-third more miles (2,000 miles) of road, net earnings
which the State has
been pursuing, influenced also by the multiplication of
Nebraska, with Dakota to the northwest, so the Iowa competing lines, are but $350,000 greater than for 1882,
traffic would be of comparatively little consequence; the and even this slight increase would not exist except for
object evidently is to get a share of the traffic coming the rigid retrenchment of expenses which railroad
situated on the Missouri River, in the extreme western
for 1889, as the result of the policy
part of Iowa, on the border line between that State and
from Nebraska and points further west. However, if managers in the late year were forced to practice.
Another point should be noted. With $11,861,310
the Iowa Commissioners can derive any satisfaction
from the three-quarters of one per cent increase in net earnings on $37,469,276 gross, the percentage of
Iowa's mileage which the Sioux City & Northern expenses to earnings stands very high
68J- per cent.
represents, or the one-quarter of one per cent increase It is not pretended that the Iowa lines have been making
which the other 21 miles of new road built represents, heavy outlays for improvements and charging the same
to expense account.
On the contrary, as already said,
all we can say is they are easily satisfied.
The Commissioners also seem anxious to have it ap- the most rigid economy and retrenchment was observed
—
pear that there has been no falling off in traffic or as a matter of absolute necessity in 1888 the ratio had
earnings on the lines within the State.
They find that been even larger in excess of 70 per cent. This high:
the number of persons employed on the roads in Iowa, operating cost, therefore, must be accepted as evidence
estimating the number for the roads which have made of the very small margin of profit which accrues to the.
;
—
no returns, was 5,594 less in 1889 than in 1888, and the roads on present rates.
amount paid out in wages was $1,406,827 less. The vidual lines any more
Nor
is
the showing for indi-
favorable, the ratio being in all
ordinary observer would be apt to trace some connec- cases high, and on some of the minor roads expenses
As bearing on this question of the
off and the treatment of the exceed the earnings.
tion between this falling
But the Commissioners evidently margin of profit, some figures from the passenger departmatter in quite that light or at ment of the various roads reporting to the Iowa Commisleast wish to avoid giving expression to such a view. sioners are also interesting. The figures in this case seem
"The causes that led to this' reduction," they say, to relate to the systems as a whole in each instance, and
" were diminished tonnage on inter-State business and not merely to the mileage within Iowa. The Rock
"the reduction of expenses resulting from the reduc- Is^and reports that while it received an average of 2*28
"tion of the number of trains, and the economies in- cents per passenger per mile, the cost to it of transport"troduced to mpet these conditions." The tonnage on ing the same was as much as 2-15 cents; the Central
Iowa business they estimate increased 350,000 tons dur- Iowa received 2%j2 cents, while the cost to it of the
ing the year.
service was 2*47 cents; the St. Paul & Kansas City carConsidering earnings, the Board take an equally ried passengers at an average of 2*23, while tranportacomplacent view. JIaking an estimate for the roac^ tion cost it 2 '16 cents; the Dubuque & Sioux City took
not reporting, gross earnings on business in Iowa are passengers at 2'55 cents, while the actual cost was 3'76;
figured at $37,469,216 in 1889, against $37,295,586 in and the Keokuk & Western, the Humeston &' Shejian1888, tlius showing a slight increase.
Granting that doah, the ^lason City & Fort Dodge, and the Des.
roads by the State.
do not care
to see the
these figures are correct, by going a year further back
we find that the 1889 gross receipts are not quite as large
as those for 1887,
when
the mileage operated was several
lloines
ice cost
&
Northwestern, all received less than the servthem, the jjurely local roads thus as a rule
faring the worst.
hundred miles less, and it would be an easy thing to
There is oils further fact worth bringing out. Tiie
show that over a term of years the increase in gross re- report contains a statement showing for the Iowa porvenues has not kept pace with the increase in mileage. tion of the roads making retiirns, the relation between
Net earnings, however, offer a better basis for such a charges and not earnings. Not all the roads have furcomparison, furnishing as they do a test of the suffi- nished the necessary data for this compilation, among
ciency of rates.
The Commission calculates the 1889 them the Quincy and the Rock Island, but out of 22
net earnings of the lines in Iowa at $11,861,310, or that have supplied such information, no less than 12
$862,887 in excess of the year preceding, and undoubt- failed to earn enough to meet ineir ordinary fixed
Mabch
•charges,
oapital.
THE CHRONICLE.
8. 16U0.J
not to speak of dividutids oa their share
The total deficit on these 12 roads amounts
836
net for 1889 being $39,106,309.
These figures give an
idea of the possibilities of growth in the West, with th«
have an aggregate sur- development of the country and the expansion of ininterest, rentals and dustrial activity, but they also serve to show what skiltaxes, of $1,849,558.
Of this latter amount, however, ful management will do for a great property ; for w«
$1,335,149 is contributed by one road, namely the need hardly say that the Pennsylvania owes its snccesi
to
$51[o,6iji.
The
otlier 10
plus above operating
Chicago
&
expenses,
Taking
Northwest.
for the other nine
is
this out,
only $514,409,
the surplus
while
12 roads,
as
much
to the presence of these qualities in its
tration as
it
does to
its
adminis-
extent of road.
had an aggregate deficit of $575,042,
Northwest the remaining 21
roads did not quite earn enough to meet operating
expenses and charges, leaving nothing whatever for dividends on the large amount of stock represented. Nor
is this result exceptional, the 1888 showing having
been fully as bad.
Outside of the United States there are of course no
such vast aggregates of mileage under a single control.
It is interesting, however, to contrast the Pennsylvania
with some of the large British railroad corporations.
such a state of things flattering or satisfactory ?
Should it not lead to reflection and inquiry ? Consider
the matter from a purely selfish point of view. Have
the people of Iowa anything to gain from a policy
which produces such results ? Will it promote their
welfare or tend to the development of the State's
over 500 million dollars— £103,595,035, not including
as already stated,
so that excluding the
Is
resources?
Remember how important
a part railroad
oijerations play in the State's industrial activity.
276f
million
1889,
we
have
which
over
of
The
dollars.
already
25J
seen,
million
roads
37
dollars
earned
in
million
dollars,
went
directly
is
Northwestern.
miles of
amounts for a number of small leased
Total gross earnings in 1888 were £10,001,958,
or say about 53 million dollars, which compares with
in this latter the
roads.
123 million dollars on the Pennsylvania system.
The
Great Western of England operates a heavier mileag«
than the London
&
Northwestern, its length of lic«
but its gross revenues are much less,
or £7,361,074.
There is one particular in which the
larger English companies do closely approach the Penn-
The being
oost of railroad investments in Iowa in 1888 stood at
more or less familiar with the London &
That system comprises only 1,877
road, but it has a total of stock and debt of
Every one
2,461 miles
sylvania,
trafiic.
;
and that
is
in
the size of their passenger
The Pennsylvania during 1889 carried
78,120,-
out in operating expenses.
Over 14 million dollars 957 passengers on its 7,800 miles of road east and west
was distributed in wages alone, and employment was of Pittsburg. The Great Eastern, however, operating
given to 24,G42 men. The amount of taxes paid in only 1,055 miles, carried 72,104,795 passengers in 1888,
Iowa was $1,108,831, which compares with $1,060,572 the London & Northwestern carried 56,629,440 and the
the year before, and only $591,848 in 1880. Is it wise or Great AVestern 52,326,841.
politic to crip23le an extensive industry like this, affectThe growth of the Pennsylvania's income and traflBc
ing directly and indirectly so many other industries. from year to year is a feature no less noteworthy than
Note the effects already apparent. New construction the total extent of its operations. In the closing
practically at a standstill; the roads forced to reduce months of 1889, as is known, the monthly statements
expenses; train service cut down; the number of showed gains of from $600,000 to $700,000 a month,
employes diminished (in 1888 the number was 30,236 and this merely on the lines directly operated east of
against the 24,642 for 1889), and the aggregate amount Pittsburg and Erie.
On these same lines the increase
paid in wages greatly lessened. What reason can there for the year, according to the monthly statements, was
be for forcing the issue any further?
3J million dollars, notwithstanding the loss of $1,149,382 in June because of the floods. The full report now
PENNSYLVANIA RAILROAD OPERATIONS.
submitted brings out the fact that the western lines
Other large systems may approach the Pennsylvania enlarged their earnings just as heavily as the eastern,
in the extent of their mileage, but as regards traffic and and the total increase for the year on all the lines operincome it still stands pre-eminent, so far surpassing all ated and controlled, both east and west, amounts to
others as to make it seem incongruous to compare with $6,408,045.
This is more than the entire earnings of
them. The distinction is brought strikingly to one's many well-known roads. Except for the floods th«
notice in considering the report for the late calendar improvement would of course have been even heavier.
year, submitted this week, and to the presentation of If we look back a few years, the additions to
which we surrender much of our space in a subsequent earnings appear still more striking.
The system
part of the present issue.
did not gain much in gross in 1888 not quite
Including the road controlled, the lines embraced in a million dollars but in 1887 the increase was
the Pennsylvania system aggregate 7,844 miles, and on almost 14 million dollars, and this followed a gain
this the gross revenue for the calendar year 1889 of over 8| million
dollars in 1886 on account of
reached about 123 million dollars— in exact figures the West Shore settlement. In other words, as against
$122,917,337.
The Union Pacific system (counting 123 million dollars gross for 1889, the total as recently
the lines half owned at their full length) comprises as 1885 was only 93 millions.
Net earnings also show
about 7,200 miles of road, which earned in 1889 pretty satisfactory growth, though a good part of the
about 40 million dollars gross and about $14,- increase in 1889 simply went to wipe out the loss in
600,000 net.
The mileage of the
Atchison net which occurred in 1888. Here is a statement of
system (also counting the lines half owned at both gross and net yearly since 1885.
their full length) comes very close to that of the PennAI.L MN'ES O'WNET) OR CONTROLLED EAST AXD WKRT OF PnTPBITRG.
sylvania, being about 7,700 miles.
1887.
1886.
These 7,700 miles Entire SysUm of RoaOsA 1889.
earned about 20^ :nillion dollars gross and 8i million
*
—
—
dollars net in 1,SS9.
Thus
tae revenues of the Pennsyl-
TAnia svsteiu are from 3 *o 4 times those of these prominent Western systems of large mileage.
In fact, the
Pennsylyania earns as much net as the others gross, its
:ro8» earnings
LfpenitiDK expeosef
Net earnings...
—
I
IIK,917,S3" lie,t0b,29S n5.5I5.S0e 101,687,961
83,811.128 »i0,737,385 77,SS8,082 67.102,716
39,:06.a09l 33.771.»6':
as,irv!M*
9S.9M.549
61,690,901
84.595.288
Quite a remarkable fact in connection with the above
expansion in revenue is the low average rates on which
THK CHRONICLR
336
these earnings are made.
Of the 123 million
PASSENGERB.
dollars
system in 1889, just about
one-half, or 61^ million dollars, came from the 2,390
Pittsburg and Erie, , covmiles of road east of
ering the portion directly operated.
On these 3,390
gross earned by the entire
miles the average rate in 1889 was
[Vol. L.
less than 7 mills
Entire System
0/ Beads.
1883.
1887.
1885.
k
east of Pitts,
ErieNo. carried...
61,85',729
58,984.787
54,733,927
No. one mile. 1,110,971,446 1,049,909,660 1.014,127,707
Westof
Pitts
48,115,293
902,432,455
—
43,880,837
876.839,90S
No. carried...
13,419,778
12,350,940
16,076.899
11,474,534
16,869,228
being 0*686 cent, against 0*693
No. one mile. 405.786,898 413,830,33s 363,615.197 326,793,190 357,549,531
cent in 1888.
In 1885, during the trunk line war, the Tot. carried.'..
60.466.838
64,754,771
74,000,086
68.153,705
78.186,967
average was 0'695 cent, but in tiie next year it rose to Tot, one mile. 1.516,698,314 1,463,539,998 1,882.772,904 1,829,825,615 1,834.389,486
The position of the proprietors of the Pennsylvania,
0-755 cent and in 1887 was 0-730 cent.
Thus the rate
has now for two years been lees than at the time of the under this constant enlargement of its business, is very
trunk line war, and the tendency continues steadily satisfactory indeed. For 1889 the results show improvedownward. On the Pennsylvania Kailroad Division ment in a number of different ways. In the first place,
alone the average is now only about G^ mills (0*626 the company profited directly from the increase in its
In the second place, the western
cent), while on the Philadelphia & Erie it is but 5^ own net income.
per ton per mile,
'
In the face of these low rates the
between Philadelphia and Pittsmain
burg earned during 1889 no less than $81,713 per mile.
In 1888 the amount was $77,634, and in 1885 it was
only $59,625, though in the latter year there had been
a decrease from 167,161 per mile in 1884.
It follows from these results #hat there must have
been a most marvelous expansion in traffic, and that is
mills (0-556 cent).
stem of 358 miles
having done so much better, there was no necessity
any advances to those lines, thus saving the million
lines
for
dollars required for that purpose in the year preceding.
Then
loss to
lease,
New Jersey lines instead of netting a
the Pennsylvania on their operations under the
profit
$138,713.
this
time show a small
the United
—
very important
as
not
so
This
difference
is
compared with 1888, when there was a deficit of
Taking all the $160,501, but the event is noteworthy as demonstrating
just what the traffic statistics disclose.
both those controlled what a change continued improvement may work in the
lines east of Pittsburg and Erie
and those operated there is an increase as compared condition of a road, for it is not so long ago that the
with the year preceding in the amount of freight loss to the Pennsylvania on these lines exceeded a mil-
—
—
Finally, the Pennsylvania's
of almost d^ million tons, while the Western lion dollars per annum.
system shows an increase of over 5 million tons more, income from investments is a steadily growing item,
so that altogether the freight traffic of the entire sys- the amount for 1889 having been $4,431,498, a sum,
tem increased about 11^ million tons. The increase as President Roberts says, "largely in excess of the in" terest on the entire funded obligations of your comis the more noteworthy since the traffic has been steadily
moved
by year in all recent periods, through good
and bad times alike. In tons moved one mile the in.
crease is over 770 million tons, of which 507 million
tons was made on the eastern lines, aiid 363 million
tons on the western lines.
The aggregate tonnage
rising year
movement one mile
is
"pany."
come
ble to grasp its extent, the
amount
for 1889 having
an increase of nearly one-half. The actual number of
tons hauled in 1884 was 81|^ million, while now for
1889 it is 123 million, so that here, too, there has
been an increase of about 50 per cent, and nearly the
same proportionate additions are found on the eastern
and western lines separately. The number of passengers carried also shows an increase of one-half since
1884, the total of 78 millions for 1889 comparing with
52 millions for 1884; but in the movement one mile
the increase is only about one-third.
In other words,
in all but the latter item we have an increase in the
vicinity of 50 per cent, or at the rate of 10 per cent
out
of
this
of its great strength
—
the
is
best
evidence
and the excellence
of
its
possible
manage-
ment.
The net
so large that it is almost impossi-
been 11,374 millions. It may give a better idea of the
magnitude of the work comprehended in this figure if
we say that it is equivalent to hauling 100 tons fifteen
times around the globe every working day in the year.
In 1884 the tonnage movement one mile was only
7,691 millions, so that in the interval there has been
—
There has been one drawback the damage
and the way the company has
caused by the floods
result of the year's operations is that
allowing for all
interest
for all deficiencies in the operation of other roads
which the Pennsylvania
after
and rental requirements and
is
with
chargeable, and after allow-
ing also for $1,530,913 for extraordinary repairs disfrom those in connection with the floods, a balance
of $8,655,913 remains as the amount earned during the
tinct
This on the 113^ million
twelve months for the stock.
stock outstanding is equivalent to about 7f per cent.
Only 5 per cent, calling for $5,337,370, was paid out in
dividends, and of the remainder $2,609,325 went to repair
damage caused by the
floods.
The company thus
spent altogether over four million dollars for extraordinary repairs, and yet over and beyond that amount a
surplus remains above the 5 per cent dividends paid
of
$838,687.
The $2,609,325
charged
for
flood
damages represents the cost on the lines directly operIn addition many of the lines controlled suffered
ated.
large losses, and this makes the aggregate damage very
heavy. The total spent on all lines to December 31,
per year for the five-year period.
The following gives 1889, for that purpose. President Robert says, was
the statistics for each year since 1885.
The movement $3,475,425, " leaving still a considerable sum to be
for the eastern
and western
lines
is
shown
separately.
1889.
1888.
1887.
1886.
1880.
East of Pitts.
& ErieTons moT'd
Tons one m.
82,840,457
7,681,020,314
Total tons...
l^ons
onem..
39.023,661
3,682.233,746
to its original condi-
more prosperous than ever. Of course continued capexpenditures on a large system like this are
an absolute necessity (10 million dollars a year
we are told has been the average for the last few
years), and this, the report says, will necessitate
the gradual increase of both share capital and funded
ital
72,358,095
64,471.980
78^009.703
60.264,178
7,114,512,500 6,415,642,576 5,601,216,707 5,486,165,368
W. of Pltts.Tonsmov'd
Tons one m.
to restore the system
"tion." Yet the Pennsylvania has completely recovered from the effects of this great disaster and is to-day
FREIGHT.
Entire System
of Roads.
" expended
32.297,431
33,778,180
26.618,397
S4,834,l?l
3,388,670,389 3,506,484,468 2,999,627,781 2,883,676,415
106,128,815
96,768,381
86,872,570
122,161,118
110,843,874
11.374,165,060 10,503.182,898 9.928,067,034 8,690344,48818,369,840,778
indebtedness.
Mabch
THE CHRONICLK
8, 1890.]
COTTON CONSUMPTION AND OVERLAND
MOVEMENT TO MARCH
337
the like date in 1889, but the deficiency
as at the
is
not so great
end of January.
1.
Htntrtunt from
Reetiplt Receipt*
CZPOBTS SinCB 8CPT.
Our statements of overland movement, receipts, ex- Sept. 1, 1889. to Hnce tlnct
Orcot
Uarcl% 1. 1800. Stpt. 1, Sept. I,
ports, &c., which are presented below, are brought
1889.
1888.
Britain*
801,806 607,897 201328
down to the first of March, and therefore embrace the aalvesCon
«1,8.S8|
Bl Paso, iM
17,692
period from September 1 to the end of February, the Sew Orleans. 1,706.208 .S16,B81 717,981
2S0,t»!)
104,194
44,780
The movement of Mobile
first six months of the crop year.
28.236
22,168
Florida
cotton has been fairly liberal, both by the overland Savaanah
887,582 783,510
161,570
Bmnawiok, Ac. 163.682 113,814
95.411
routes and through the ports, but the aggregate amount Qtaarleaton
805,007 86:,787
49,07S
Port Ko]ral,fto.
13,70
1.802
which has come into sight during the month is some146.860
VUmlnKton
129,893
71,026
what less than in the corresponding month of 1889.
3,782
4,(
Waahlngt'D.&o
876,402 461,766 196,767
There is, however, a substantfel gain compared with lorfolk
West Point.
140,968
80U.067 857,122
1888.
Northern spinners have not taken cotton in N6wp*tNew«.fta 46,888 106.562; 26,876
79,760
866,439
90.464
York
February as freely as in that month a year ago, so that .few
60,631
66.338 102,809
BOftOR
70,383
56,270
45.381
now the gain in their takings compared with 1888-89 Baltimore
66,266
87,311
PhUadelphU.Ao.
31,884
is only 35,961 bales, whereas at the close of January it
Total 1889-90.
5,372,469
2,816,263
was 77,443 bales.
roUl 1888-89...
4,907.101 2,109,63'2
18W,
TO—
StoOu
Frane*.
Jreh.1.
JbtaL
ntnt.
84,660
10S,S2S
4S3.8O0
10,768
lO.TSe
428,116 1,461,006
44,780
...
816,809
1
.
1,
Omti.
30,326
808.250
14.287
161.111
24.248
493.156
100,006
334,420
81,818
265,603
31.1S8
80.040
10,000
10,124
I
82,988
104,014
13,008
37.766
24.020
234,613
164,968
85,816
36,471
110,650
408,534
105,044
4,«04
135,791
11.100
80,675
28,400
8.180
11.567
. .
81,445
2,146
1,300
1.606
..
The
OVERLAND MOVEMENT TO MARCH 1.
movement in February has been
gross overland
Total 1887-88.
*
2,170,743
..
84,011
487.786 1.371,125 4.035.173
602.164
320.153 1.046,560 3,4i<e,23S
823316
206^
840.678
1,''12.222'8,470.310
Great Britain exports Include to the Channel.
Using the facts disclosed by the foregoing statements,
159,037 bales, or but 806 bales less than for the same
month in 1889. Compared with 1888, however, there we shall find that the portion of the crop which has
is a gain of nearly fifty thousand bales, the total then reached a market through the outports and overland,
being 109,315 bales. For the season to date the excess and the. Southern consumption since September
over last year is 39,483 bales, and contrasted with 1887- year and the two previous years, is as follows:
^88
it
hibits
reaches 76,605 bales.
a loss
from 1889
bales, against 90,402 bales.
months records a gain
The
net for the
month
ex-
of 12,916 bales, being 77,486
The aggregate
for the six
in comparison with a year ago of
1889-90.
Receipts at the ports to
March
188889.
1, this
1887-88.
1 . .bales. 5,372,469 4,907.101 4,879,044
.
Net shipments overland during same time
Total receipts
795,511
779,991
8X6,752
bales. 6,167,980 5,687,092 0,695,796
Southern consumption since September
1
331,000
325,000
300,000
15,520 bales, but falls 21,241 bales behind the result for
Total to March I
bales. 6,498,980 6.012.092 5,99.'-.,796
1887-88.
The whole movement overland for the three
The amount of cotton marketed since September 1
years is as follows:
in 1889-90 is thus seen to be 486,888 bales more than iu
OVERLAND FROM SEFTEHBEB 1 TO MARCH 1.
1888-89 and 503,184 bales more than in 1887-88.
To
1889-90.
Since September 1 shipped—
TlaSt Loale
ViaCBlro
Via Hannibal
ViaEvansviUe
Via LoulsvUle.
Via Cincinnati
..,
Via other routes
Bhlpped to mills, not Included above.
Total gross overland
430,422
284,147
56,598
18,503
104,956
181,853
135,547
7,384
1888-89.
1387-88.
454,149
250,679
396,132
238,555
7,901
36,190
158,928
154,257
110,746
7,077
97,960
173,630
133,684
95,739
7,105
1,219,410 1,179,927 1,143,805
Datuet $hipmenls —
Overland to New York, Boston, &c
Between Interior towns.
Oalveston, Inland and local mills
New Orleans, Inland and local mUIs...
Mobile, inland and local mills
Savannah, Inland and local mlUs
Charleston, inland and local mills
W. Carol'a ports. Inland and local mills.
Virginia ports, Inland and local mills..
Total to be deducted
279,714
52,239
24,613
33,904
275
12,212
239,679
63,908
5,297
15,169
28,350
790
8,612
S22
994
20,120
37,137
423,899
399,936
185,685
46,869
3^,484
18,802
1,713
3,660
1,194
29,046
326,053
Leaving total net overland*
795.511 779,991 816.752
•This total Includes shipments to Canada by rail, which since
September 1 in 1889-90 amounted to 39,146 bales; in 1888-89 were
82,314 bales and In 1887-88 were 30.536 bales.
RECEIPTS, EXPORTS
The
from the month
an
AND SPINNERS' TAKINGS.
receipts at the shipping ports
of 1889 of 51,157
excess over 1888 of 68,770 bales,
show a
falling off
but exhibit
the month's figures
determine the portion which has gone into the hands of
Northern spinners during the same period, we have
prepared tha following
Total receipts to March 1, 1890
bales. 6,493,980
Stock on hand commencement of year (Sept. 1, 1889)—
At Northern ports
30,845
At Southern ports
25,51956,364
At Northern interior markets.-.
3.27259.636
Total supply to March 1, 1890
6,558,6ia
O.' this supply there has been exported
to loreign ports since Sept. 1,1889.4,025,173
Lejs foreign cotton Included
5,314—4,019,829
Sent to Canada direct from West
39,146
i
Bamt North and South
8 ock on hand end of month (March
At Northern ports
At Southern ports
At Northern interior markets
1,
161,517
440,637— 602,154
9,311—4,675,863
Total takings by spinners since September
Taken by Southern spinners
1,
1889
1,882,753
331,000
.bales
Taken by Northern spinners since September 1,1839
Taken by Northern spinners same tlma In 1383-89
1.551,75
1,515,792
Increase in takings by Northern spinners this year. ...bales.
35,961
The above indicates that Northern spinners had up to
March 1 taken 1,551,753 bales, an increase over the corresponding period of 1888-89 of 35,961 bales and an
increase over the
bales,
being 410,044 bales, 461,201 bales and 341,274 bales
respectively in the three years.
The total for the season to date, however, continues in excess of any result
5,423
1890) -
same time
in 1887-88 of 130,891 bales.
AMOUNT OF CROP NOW IN
SIGHT.
In the foregoing we have the number of bales which
has already been marketed this year and the two previous seasons.
An
additional fact of interest
is
the
which was in sight on March 1,
heretofore recorded.
The exports to foreign ports compared with previous years, and this is shown in the
during February, while less liberal than during the corfollowing.
responding month of last year, have nevertheless been
1889-90.
1868-89
1887-88
quite free, reaching 431,353 bales, a decline from 1889
rotal
marketed,
above
bales.
as
6,^98,980
6,012,092
5,935,796
of 37,860 bales, but an increase contrasted with two
Interior stocks in excess of Sept. 1
210,-535
308,000
260,000
total
of
the crop
.
years ago of 39,177 bales.
The aggregate for the six
heavy gain when compared with
months exhibits a very
either of the two preceding
years.
Port stocks and
those at the interior towns are appreciably less
than at
Total in sight
bales.
6,709,515
6,272.092
6,303,796
This indicates that the movement up to March I
of the present year is 437,423 bales more than in 1888-89
and 405,719 bales greater than in 1887-88.
IHE CHJiUMOLK
338
As
it
Xanlhg
what has come
UNITED STATES TREASURY STATEMENT,
we have prepared the following:
The followirg statement for February from the office of
the Treasurer was issued this week. It is based upon the
actual returns fron Assistant Treasurers, depositaries and
superintendents of mints and assay offices, and shows the
the reader to
will iaterest
into sight each month,
l..S.-*9
1.31.-i,';07
1,6-9.906
1.552.539
1,547.937
771. -47
1,-140.871
54 '.271
l,4ti7,767
L'5
519,603
i09,613
450,285
6,709,515
6,272,092
6,303,796
5,927.084
l.R09.fi48
February
483,t
Total 6 months.
43».^38
9il
.493,-i89
824,' 09
1.588.7110
1
1,013.028
1573.9i;l
780,52n
Deteji.bsr
Januari-
188687.
lf'87?8.
424,209
048.770
Kovpuihpr
.ses
1888 K9.
18S9 90.
Bepteinber
Octobi r
fVOL, L.
condition of the United States Treasury February 28
give the figures for January 31 for comparison:
H(!2,<:54
FJEDBUART
Assets
WEIGHT OF BALES.
To
furnish a more exact measure of receipts up to
March
1
we give below our
usual table of the weight of
We give for comparison the figures for the same
time in the two previous years.
bales.
Six months enihig jr.trcA
1,
U90
Sime
^nme
iperi'd in
perVd in
1888 9
18S7-8.
GJLD—Coin.
BollluQ....
823,096
Iiontsiana
1,796,263
Alabama
229,956
Georf^a*
1,071,350
Bouth Caruilua.
306,809
Virginia
731,857
Nortli Carolina.
133,424
Tennessee, iSco.. 1,40^,225
6,498,980
Weight.
Weight.
524-40
491-91
431,631.542
888,988.5--'l
'
49700
114,288.132
521,251,829
147,268,320
355,258,025
05,118,917
705,231,837
486-54
48000
485-42
488 06
501-50
490 85
3,229,029,923
!
Weight.
524-79
493-10
507-00
489-38
434 05
51571
4S210
49015
475 00
473 00
485-30
501-70
49711
499-00
480-75
474-50
48800
485-41
* .TttcladlnK Florida.
movement up
It will be noticed that the
to
March
1
shows a decrease in the average weight as compared with
the same period of
last
year, the
average this
year being 496-85 pounds per bale, against 497-11 pounds
for the same time in 1888-89 and 485-41 in 1887-88.
THE COTTON GOODS TRADE IN FEBRUARY.
Staple cotton goods were only in moderate demand
at first hands during February, both jobbers and the
manufacturing trade having apparently governed their
purchases by immediate and near prospective requirements. Business in jobbing circles was more active,
and a liberal distribution of plain and colored cottons
was made by the principal houses. Agents' prices have
not materially changed, but some well-known makes of
bleached shirtings were slightly advanced.
Print
cloths were very active at times (over 700,000 piece
having been sold one week), and the market closed
fairly steady at four points below the -opening quota-
ana
LiabiUtles.
25-2.460,02«
BB,18a,71i«
249,96.'!, 1
—
Certlflc's, net.(Liabfli(vJ
Net KOld in treasury.
138,657,169
20.4."S2,8?0
2fl7.5T5,«21
2»:!,28»,3«i
5,U82,414
5.4o3,'«2
298,71
(Asset) 302.eSS,0?5
2B8,23H,«39
4,003,3T
Certificates issued
Certitlcates on band
19,823.865
10.480,000
240,000
3,251,110
Oertiflc's. net.(i:,laMi«»)
10,230.000
9,236,2 .'4
11,720.000
90.000
1
9,593,865'
6.074,53»|
.National Banlc notes
Deposits In Nat. Banks..
142.161
SS.1-8,304
CoU'n Print- Sheet- Lan- S'lh'n^ Ootl'n Printlow
ing
caster 3-yd.
low
ing
mid- cloths, stanJ^ ging- sheet- mid- cloths,
dling. 64x64 ard. hams
ings. dling. 64i64
1
pE,
UEBT and I.NT.-
3-54
1. lO'rfl
a.
3. 10',
4. 10',«
5
1.
^
7^1
714
714
3-.'i4
'^
3-5U
3-50
3-50
714
7^
...S...
350
10%
10%
10%
10%
714
7»4
3 -CO
3-fO
3-50
13.
14 lOia.f 3-50
15. lOl^it 3 50
16.
17. 1013,0 3-56
3-50
18. 10%
1'2.
19.
0%
6
6%
0%
0%
6
6
...S...
3-54
3-54
e. lOis
7. lOiii,
8. IClli.
«.
10.
11.
7H
7M
714
714
7 '4
..
3 -.no
10%
8...
714
714
7M
SO. 10i:<i„ 3-50
SI. 1013,, 3 60
1!2
714
7I4
..Uoli
9,a
.
24. 10H,« 3-50
as 101:H„ 3-30
3-50
Si6. 101:<,,
sv. IU13,„ 3-."->0
XH 10.3,^ 3-50
6%
6%
6%
6%
0%
(j%
6%
6%
6%
6%
6%
6%
6%
6%
6
6
6
6
6
6
6
6
6
VH
714
7 '4
7^4
:
1.713.632
Accrued interest.
Matured debt
Inter't on fuatured debt
Debt bearing nointer'st
Int. on Pac. KH. bundi^
due, unpaid
5.5(>4,051
2,910,21)7
l,S33,8bS
150,485
1,841,345
151,119
1,336
Aco'd Int., Pac. RK. b'ds
646,^35
Debt and iat.(Lial>mty)
Fract'l cur'cy redeemed
U. rf. bonds and iiite'sl.
Int.ch'cks & coupons p-d
9,39S,H62
121
570,206
33,733
121
36,180
323. 1 IS
15.690
7.061,02'
1.336
7S.4B9
154,5^7
eo4,oeo
Debt and inter*st.(As8«t)
D' bt&i n t.neti LialHHt l/)
Res've for red. U .8. notes. ioo',ooo,do6
I<^und held for redemp. of
64,182,864
notes of Nat. Banks
2'J4,382
4 06
6
6
6
6
6
6
6
7
7
5%
5%
4-06
4-06
4-06
4-06
4-06
4-06
7J4
714
714
7>4
7'4
7>4
7
7
5%
7
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
5%
7
7
7
...8.
9I9
4-00
4-00
4-00
9"l6
400
99,6
it'ie
!)"r,
9=8
6
714
714
3-94
3-94
7'4
7
7M
7
7
714
714
7'4
7
7
7
TH
...8...
3-88
9-88
»-»It 3-88
»"lt 3-«8
95s
9«8
3-88
7>4
7
7
7J4
714
7
7
714
Holi
714
...S...
9iiu 3-88
O'lie
3-88
O'lu 3-91
w%
394
714
714
714
714
6%
6%
0%
6%
6%
i6o,6oo,'o()6
87,193.913
f'nd for redemp.
of Nat. Bank notes..
5,450,926
5.476.756
Redemp.res'r.driaMMv)
,633,790
172,612.869
t^^ive p. c.
Bank notes in process of redemp. .(A^met)
fJat.
6,029,508
,197,153
.
Net res'rves.(ZyiaZ»i/ifu)
165,436.637
Post Office dep't account.
Disburs'K Offlcers'bai-ces.
Undistrib'd ass'ts of fall-d
National banks
Currency and minor coin
redemption account
1,804.518
i,a77.B17
"6,198,204
2»,773,778
1,137,970
1.158,381
960
2,060
5.060
10,900
B-ractional silver coin re-
demption acctmnt
itedemption and exch'ge
account
6S7.99J
Treasurer's transf 'rch*ks
and drafts outstandinK
Treasurer U. S.,aKent for
paying int. on D.Col.bds
(LiaMHty)
lnt.on O.CoLbds pd (Asset)
Total
e68,98'j
3,981,960
3,606,49
198,835
832,017
48,510,651
38,7«5
"tr.S'.'6.282
10S,0[!3
(Ltabmtv)
48.471,786
Balances .(LtabllltT)
J32,?0.t.003
214 .6Sr,025
3-J,r36,38'l
31,894.-.iOO
212.560
22,768,530
177,896
22,506,504
65,727,674
54,578,100
Net
—
Agtrregate net Asset
....
1
'---
'
the
official
28, 1890.
statement of the public debt at
the close of business February 28, 1^90.
INTKRE3T-BEAR1NO D88T.
.=.%
New
i-otron, low niMrtlin? nplanrta at
York;
prill iiiK ololhs, innaiifaoturers' net prices; ior Bheetiii;!;^, at^cnta'
i)rlc*s, wh:ch art^ mb.leot. to an avera)!o aisoo:int of ft percent, except
tor
otherwise staled; Liuouster CiiugUaiuj, 5 per
Suulhein sheetings
ia
Oitaracter of
Inter't
Issue,
P'v'ble
4tit
Q.-M.
1891,
1907
4s
1* refdff.certfs.
is.
pension
Q.-J.
Q.-J.
J.* J.
.
Pacillc Rits... VI.*J.
AsKresate
.
Amount
Registered.
Outstanding.
Coupon.
92.84-2.300
24,134,950
530,681,600
87.759,350
T-ota).
116,477,250
618,443,950
108,320
'i;4,823,512
14,000,000
•84,623,512
B87,«50,4l'J 111,891,300
813.65.1,032
Int. l>u<
Aecnssd
itVnvaid.
Interest.
t
185.088
8J6.5iO
48,578
210,000
13,i>S3
1.263,8«
t
1.310,S8»
4,122,980
72«
70,000
646,235
6,150,28 •
1«)3; $840,000 Nov. 1, 1S95; average date of
maturity. March 19, 1895; 13,680,000 Jon. 1, 1896, »4,320.000 Feb. 1, 1898
average dute of maturity, Jan. 18, 1398 ; 19,712,000 Jan. 1, 1897; 129,904.952 Jan.
1.1898; (14,004,560 Ian. 1 1899.
• »3.363,00<)
matures Jan.
16,
DEBT ON WIIIOU INTEREST HAS CEASED SINCE MATURITY.
Aggregate of debt on which Interest has ceased since maturity ia *1,833,885t
interest due and unpaid thereon, tl50, 185. This debt consists of a number of
[toms of which the principal amounts are called bonds,
DEBT BKARINO NO INrKKBSf.
-•-
The above pnccs are— For
when
41,217,ai»
DEBT STATEMENT FEBRUARY
The following
....
1
e,826,«15
8,791.602
Subsidiary silver coin.
..S...
9»3
UHi
esa
9»H
H58
9»8
Ollle
6%
6%
0%
6%
6%
4-00
6
.8...
7M
97,g
91s
.J46.3M1,2-JS
I.24«.l95
Minor coin
Sheet- Lan- S'th'n
ings, cntler 3-yd.
stand- Ging- sheetard. hams
ings.
7,a08.»34
B.074.638
143.258
87,990,111
.i33.439.389
BalanceR... .(Aflset:
Interest due. unpaid
(A^aet)
Assets not available
1889.
1
17,380,815
18,481,773
Net U.S. notes in treas.
Trade dollar bullion
Net balance
1890.
-.J.S^e
isS4..585.t*i9
281.331.771
CertlBc's, net.(L(aMK(i/)
Net silver in treas'y
U. States notes
(Asset)
Certificates issued
Certificates on hand..
PCTBLIC
n7,3;6,-285
187.088,»18
Bullion
.
tions.
««,08O,-2»7
169.IUl.U39
Total silver
81, 1880.
and
Assets
UabUities.
,'":e.043.454
Ui.VEK— DoUars.stand'rd
Average Averayt Averajf-
Pounds.
Bale*.
lexM
Total
WeigM in
JANUAKY
28, 1890.
Total (told
(Awet) 318.593,'kUi
ISS.h^T.OSB
Oertiacates issued
V8,222,H35
Certittcates on taaud
.
Nionber of
we
;
net.
OL-nt
discount; anl
Old demand notes
Legal-tender notes
Certificates of deposit
Less amount held in Treasurer's cash
Jnld cert.ifioates
156.443
318,681,016
10.480.000
250.000158.827.830
10,830,000
Maech
THE
8, iSflO.J
CHRONICIJE.
Amount.
Leas amauot held
In
Treuuror'i oash
BUrer certlHoates
!.««> amount held In Treuarer'i caah
Fraotlonal currency
Lieaa amount eatlmated as lost or destroyed...
128.222,836- |lSO,e04,-<04
288,239,639
4.06J.877- 284,176,262
15,28»,678
8,375,934—
6,913744
1778,002,269
Aggregate of debt bearing no Interest.
RBCAPITOLATION.
Principal.
Interest-bearing debt
Debt on wblch Int. bus ceased...
Debt bearing no Interest
821.067,203
813.653,082
Total debt
1.8.13,^85
1,984,870
778.0»2,209
778,662,2(19
1,S9I,14'J.186
1,601,713,842
Leas cash Itema arallsble for reduction of the debt.. .t4Si,409,72S
Less reserve held for redemption of U S. notes
100,000,000
Early in the week the silver market was weak with a downward tendency, the demand being very small, and it being
announced also that the India Council will, on Wednesday
next, increase tho bills and telegraphic transfers to be offered
for tender to forty lakhs. But the receipt of a telegram from
Philadelpliia on Thursday to the effect that the Finance Committee of the Senate will report a bill increasing the purchases
of the metal hardened the market somewhat.
Business on the Stock Exchange has not been sensibly lacreased by the reduction in the Bank rate. The public is
aware that the reserve has been mcrea.sed artiKcially, and they
fear, therefore, that the comparative ease in the money market will not last long. Operators also are afraid to engage in
The market for American railroad securities is,
more lifeless than ever. In addition to the general
causes deterring speculation, there is the increased distrust on
the part of the British public of American railroad manage ment inspired by recent events, more particularly by the Reading incident. Then again there is an apprehension felt here
that the calling in of the deposits by the Secretary of the
Treasury may cause stringency in the New York money marfresh risks.
(531,409,728
.
Total debt, less available caah Items
In the Treaaury
1,067,304.114
Net cash
82,756,583
Debt, less cash In the Treasnrr. March 1, 1890 ..
Debt, leaa oaah In the Treaaury, February 1, 1890.
339
1,034,547,5^9
.
1,040.707,016
Decreaae of debt durtngthe month
Decrease of debt since .Tune HO. 18^9
6.159,487
4J.09H.092
PACIFIC RAILROADS.
if
possible,
and there is likewise a fear of a renewal of railroad wars.
The general public, therefore, is holding aloof altogether from
the market, and even specialists are uncertain how to act.
There is little doing also in what is regarded here as the market
As the banks generally hava
for sound investment securities.
been allowing 4}^ per cent on deposits for the past eight weeks,
ket,
•/ Sailway.
Principal
Outataniing.
1
Cen. PaclBo. 25,885,120
Kan.
Paclflo.
6,303,000
Unl'n Pacific 27.23(1,512
Cen. Br. U.P. 1,600,000
West. Paclflo 1,970,560
BlouxC.AP.
Totals
....
1,628,320
64,623,512
Int. repaid
Interest
accrued
and not
yet paid.
t
by Companies.
Interest
paid by
the U. S.
By
Trantportation
Service.
«
By cash
Bahince
pay- oflnter'sl
m'ts: 5 p. c.
paidby
net earnings. t** U.
*
S.
858,233
1
26.881.987
12,281,988
438,409
22,879,692
416,049
9,367
8,927
1,750,832
2 427 400
1,103,619
60,691,895
258,851 33,547,752
63,030 8,587,503
6,005,491
272,365 36,580,09iJ
3,774,628
16,000
2,173,808
19,706
2,436,768
16,2>8
2,099,342
ie2,2:J4
646,2 '6 84,425,263
22,629,747
4,81J,876
1.937,108
The sinking funda held (tll.6?2,630 bonds and tl93,881 cash) tll,86H,531, ot
which 13.513.021 was on account of Central Paclflo and *a,353.507 on account of
Union
Pacflc.
and as even now they are paying SJ^ per cent, many investors
prefer to leave their savings on deposit in the hope of being
able to buy later on more favorable terms. The largely increased working expenses of British railways, too, and the
fear of a great coal strike, are discomaging operations in th«
British railway market.
for international securities is as much negother departments. * The Berlin Bourse is depressed, owing to the recent heavy faU in mining and industrial securities generally, to the fear of strikes, to the growing
strength of the Socialist Party, and to the elections for the
Reichstag which took place on Thursday. In Buenos Ayres
the crisis continues. The premium on gold fluctuates at about
120 per cent, and the best that is hoped for is that an utter
collapse may somehow or other be averted. In Brazil order
The market
lected as
[From our own oorrespoudent.]
London, Saturday, February
22, 1890.
On Thursday the
Directors of the Bank o£ England lowered
their rate of discount to 5 per cent. It is understtwd that several of the Directors, including the Governor, were opposed to
the change, but after a protracted discussion they were overruled by the majority on the ground that the reserve now exceeds 16 millions sterUng, being 50 per cent of the Bank's
liabilities, and that in such a state of things it is no longer
necessary to harass trade by keeping up the rate.
On the other hand, the opponents of the change pointed out
that the addition made to the resources of the Bank has come
continues to be m.iintained, but very gloomy views are taken
here of the country's future. The proclamation of martial
law, the increase in the army, and tho issue of decrees, one
requiring foreign companies to keep in Brazil half their cap-
and the other creating three banks of issue, with powers
do every conceivable kind of business, all inspire apprehension. In Italy the banking and building crisis continues
and failures are reported weekly. In Portugal and Spain
mainly from the internal circulation. Since Cliristmas nearly matters seem to be going from bad to worse. Lastly, in
5^ millions sterlmg have been added to the stock of gold. Paris the Bourse is waiting for the expected funding loan and
But of that amount S}4 millions sterling came from the the proposal to convert the 4}^ per cents.
internal circulation, while less than 2 millions came from
Miscellaneous securities generally have been depressed durabroad, and of the latter portion nearly three-quarters were ing the week. The nitrate producing companies are unable to
brought here artificially by the great issuing houses. How make up their differences, and the shares, therefore, are
long the metal so brought will be retained is open to doubt. again depressed. Copper shares have been weaker, there has
Further, about a million and a-half sterling in notes returned been a decline in South African mining and land shares, the
from circulation, so that, while the total increase in the Bank's crushings at the mines being regarded as disappointing, and
resources during the past eight weeks has been about 6% mil- there have been large sales on South African account caused;
lions, less than 2 millions came from abroad.
There
it is said, by the calUng in of loans by local bankers.
Concurrently with the reduction by the Bank, the joint-stock has also been a sharp fall in De Beer's Diamond shares. The
and private banks lowered the rate which they allow on Do Beer's Company at its last annual meeting boasted that it
deposits to 3}^ per cent and the bill brokers and discount had obtained practical control of the diamond market. But
houses reduced their rates to 3^ per cent for money at call the South African Exploration Company is now threatening
and 4 per cent for money at notice. It seems clear, therefore, it with keen competition, and unless a combination is formed
that the banks and discount houses will continue taking bills prices are likely to fall further.
much below the Bank rate. In fact, the discount rate in the
Speculative business in trade has been greatly checked by
open market fell on Thursday to 4}^ per cent, and now is little the high rates that have been charged so long. Yet the turn
better than 4 per cent. For three or four weeks to come it is over is large and fairly remunerative. The railway trafiSe
possible that the Bank of England may be able to re'ain returns issued this week at first sight appear to be highly
control of the market because the collection of the revenue is encouraging, but they compare with a week last year when
now on so large a scale. But on the other hand the Chancellor communication was interrupted by snow, and they are not,
of the Exchequer is paying off Treasury bills, a large pro- therefore, so good as they look. Still there seems no doubt
portion of which is held in the outside market. This redemp- that more business is being done than at this time last year.
tion counteracts to a great extent the collection of the revenue. Prices generally are fairly well maintained, and pig iron, more
If the open market rates fall it is feared that the shipments of particularly, with many fluctuations, has recovered somewhat.
gold may begin again, and as coin and notes will flow out into The chief exception is presented by the cotton industry.
circulation in large amounts in April and May, there may Weavers complain that the margin between yams and cloths
be a return of stringency then unless tho Bank of England is so nan-ow that weaving is done at a loss. Some of them,
a«ta with great energy.
therefore, have stopped their looms, and there is a movemen t
ital,
to
THE CHRONICLE.
340
on
to
foot for a general combination either to stop altogether or
work short-time for a while. Spinners also are beginning
LVoL. L,
Supplies available for consumption (exclusive of stocks on
September
1);
1889-90.
1888-9
1887-8.
1886-7.
have either disappeared or are Imports of wbeat.owt. 26,136,031
29.520,423 23,226,489 23,656,02«
7,998,231
7,148.539
disappearing, and among them likewise there is talk of work- Imports of Hour
8,967,065
8,671,033
^alesof home-grown. 25,080,775 17,490,426 20,651,148 17,138,850
ing short-time. Both classes allege that the rise in the raw
Total
59,215,037 54,159,388 52,847,702 19,465.900
material is mainly due to comers, while they report that the
1883-9.
1887 8.
1SS6-7.
demand for piece goods In India, China and the Far East AVer price wheat week. 1889-90.
298. 8d.
298. 6d.
308. Id.
32». lid.
to complain that their profits
generally is so short that it is impossible to raise prices.
We are threatened with a more formidable strike in the
coal trade than has occurred for years. It will be recollected
that in October of 1888 the miners of Lancashire, Yorkshire
and the Midland Counties got an advance of wages of 10 per
summer they were given another advance of the
same proportion. Advances at the same time were made in
Wales, Scotland, Northumberland and Durham, and in many
cases there have been further advances, making the total rise
and
cent,
iv. prise
whf at sea«on.30s.
31e. 101.
Od.
303.
21
The following shows the quantities of wheat,
maize afloat to the United Kingdom:
Thii week.
Wheat
qn. 1,892,500
Last Ktek.
1,885,500
289,000
593,000
259,000
550,000
Flour, equal to Irs.
Maize
ars.
1889.
2,069,000
213,000
iiSl.OOO
32?.
fd.
flour
and
1B38.
1474,500210,000
329,500
last
EnKllsh Financial markets— Per Cable.
The daily closing quotations for securities, &c. at London
are reported by cable as follows for the week ending
March 7:
,
wages since the revival in trade from about 35 to 80 per
The miners throughout England, however, are now
London.
Mon.
rue*.
Wed. Thurs.
Fri.
asking for another advance of 10 per cent. For a while the
Silver, per oz
44 14
44 19
4118
d. 14 14
44%
44%
miners of Durham and Northumberland did not join with the Con80lB,new 2% percts. 97»i6 971,
97616
975,6
971,6
973i8
9712
do for account
97i6,f x977,.
977,,
979,6 -979,,
rest of England, but when the coal owners met and decided Fr'ch rentes (in
88-25 88-35 88-37i»
Paris) fr. 88-4212 88-22 1» 88-40
106
106
10614 106 14
106
106
to oppose the demand at any cost, and in order to do so effectu- a. 8. 4128 of 1891
I25I2
a. 8. 48 of 1907
12oifl
I2512
1251a
1251a
1251a
ally to form a great coal owners' federation, the Durham Canadian PaciHo
7G'8
76%
76%
74%
75
741a
68''8
69 14
69 14
6h%
6812
08 la
miners decided to join with their brethren. It is said that the Ohio. Mil. & 8t. Paul,... 117i«
Illinois Central
117% 1171a 1171a 1171a II7I2
Northumberland miners will also support the demand. A Lake Shore
107=8 107%
107% 107% 107% 108
86I2
Louisville & Nashville -- 871a
87»8
88
86%
87%
representative meeting of the miners was held this week and Mexican Central 48
7212
72
72%
72
Tl'B
72%
109
109
N.Y.
Central
Hudson.
IO912
10958
&
109% 1091a
14
14
it was decided to insist upon the demand.
If some kind of
•.5-'8
2t:i8
261*
N.Y. Lake Erie & West'n 2612
26%
261a
arrangement cannot be brought about, we are thus threatened
do.
2d cons
103% 104
103% 1031a 1031a 103%
62 14
& Western, pref. 6338
6218
62!%
62
63
with a strike which wiU include, it is estimated, from 350,000 Norfolk
Northern Pacilic, pref.
75 12
7479
75
74%
75%
74%
55''8
5638
5618
55%
55%
563e
to 400,000 men and will cause a stoppage in coal production of Pennsylvania
Philadelphia & Beading. 20
1879
20%
aOifi
20
18%
about three mUUon tons a week. At the same time the miners Union Paciflc
tiSig
6514
6516
6.1%
65%
65%
3II2
31>4
3114
31
30%
301a
are agitating for an act of Parliament to Umit the under- Wabash, uref
groimd working hours to eight hours a day. A deputation
has waited this week upon the Home Secretary, Lord Randolph (C'ommtxciKl mxtl Wi^isullmxcoxxs ^jems
Churchill and Mr. Gladstone, The Home Secretary frankly
National Banks. The following national banks have
declined to assist the men Lord Randolph Churchill, on the recently been organized
in
cent.
fl
:
i
—
;
:
other hand, accepted their proposal in principle, while Mr.
Gladstone, without declaring himself explicitly, pointed out
several objections which must be removed before Parliament
can be induced to legislate as desired.
The party employed by the Channel Tunnel promoters to
make Lorings with a view to prove the practicability of the
tunnel, reports that it has found coal. The report, however,
doeb not meet with very general credence, for similar statements have been made from time to time for years past. It
is understood, however, that the matter is to be really tested
and if a large coal bed at a moderate depth is found, it wiU
prove of immense value to the country.
The wheat trade continues without appreciable change.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.
compared with the last three years:
1890.
ias9.
1888.
£
£
£
£
23,185,405
First National Bank of Beeville, Texas. Caiiltal, $50,000,
L. B. Randall, Presiilent; B. W. Kilpslein. Cashier.
4,239—The Citizet s' National Bank of L banon, Ohio. Capital, $50,000.
J. F. Benham, President; Ti oraas Hardy, Cashier.
4,238-The
—The Stonchem National Bank, Massachusetts.
C pital, $50,000.
Chsrles W. Tidd, President; Charles A. Bailey, Cashier.
ot Bellville. Texas. Capital, $30,000.
E. J Marshall, President; E. M. Reynolds, Cash'er.
4,212— The First National Bank of Creighton, Nebraska. Capital, $30,COO. Ueorte E. t hcney, Presi- ent; F. E. White, Cashier.
4,243-The Maryville Natlon;il Bank, Missouri. Capitjl, $50,000.
George 8. Baker, President; Gtorgo L. Wllfley, Cashier.
4,244—The Traders' National Bank of Washington, D. C. Capital,
$200,000. George C. Hennlng, Pretident; Brenton L. Baldwin. Cashier.
4,245—The Nebraska National Bank of York, Nebras-ka. Capital, $30,OCO. Earnest Davis, President; Nelson M. Ferguson, Cashier.
4,240
4,241—The First National Bank
GrOVEBNMENT REVENUE AND EXPENDITURES.— Through the
courtesy of the Secretary of the Treasury, we are enabled
to place before our readers to-day the details of Government receipts and disbursements for the month nt February.
From previous rt turns we obtain the fij;ures for previous
months, and ia that manner complete the stiteaient since
the b ginning of the fiscal years 1889 90 and 18)8-89.
RECEIPTS (0008 omitted).
1887.
18S8-89.
Circulation
Public deposits
Other deposits
22,972,040
23,978,875
23,245,785
9.606,905
9,992,0:4
10,686,914
7,937,006
Oiu-
22,616,834
23,014,092
22,666,661
22,965,834
toms.
Qoverament
13,784,100
11,499,861
18,860,774
13,129,782
other
Reserve
Coin and bullion
20,453,143
21,706,943
19,449,766
20,347,222
16,177,018
15,074,041
16,597,969
15,581,058
22,912,453
21,846,081
22,376,834
23,076,843
securities
securities
Prop, assets to
.
liabilities
Bank rate
.
.per ceut.
per cent.
Consols
Olearing-Honse return
Messrs. Pixley
& AbeU
60
45H
6
97 5-16
46^
3
50>i
4
99H
174,205,000 190,353,000 128,127,000 105,769,000
write as follows
£3,000.
The following shows the imports
of cereal produce into the
United Kingdom during the first twenty-four weeks of the
season compared with previous seasons:
Wheat
Barley
Oata
Peas
Beans
Indian
Flour
com
IMPORTS.
1889-90.
1888-9.
owt. 26,136,031 29,520,423
9.015,-30 10,72.i,427
6,574,112
8,351,111
888,02J
1.020,059
l,6.=i'l,2I9
),38n.974
13,867.6.'?3 11,696,508
7,998,231
7,148,539
~r~
Jahf
Outtoma.
19,006
10,8*9
1.981
21,518
1S!,895
2,321
36,231
17,7'
11,448
2,180
31,888
31,416
19,498
81,988
18,984
2,647
2,943
2,666
33,05"
30,717
3,79
36.691
1,78-.
30,866
2,45a
31,209
34,623
31.698
18,787
12,381
3,255
34,403
15,285
16.940
10,393
2,912
10,428
2,794
20.712
18,788
10,470
8,218
2,187
28,590
30,160
34,398
30.133
20,326 260.455 150.943
88.2^5
|
18,786
16,615
11,617
November.
December.
January
15,9«6
22,216
11,004
February...
18,968
10,681
10,115
Total 8 months. 150.811
88.318
October
Iota).
10,832
10,28i
I
August
September
Tnter'l
Rev'ut Sowe^b
~i~ ~$~ ~$~ ~i~ ~r~
11,169
29,59-)
9,553
9,178
2.154
8,023
:
Gold— All demand for gold failing, the Bank of England has received
arrivals to a t«tai of £447.000, and £50 000 has been sent to the Cape
Ariivals— iTom West Indies, £41,000; China, £10,000; Natal, £ ii,"u",
11,000:
Chile, £3,00(1; Brazil, £l,'il ,000. Total, £^6,000.
Silver.— Before the India Council allotment the price tor silver hardened to 44d,but following the announcement of an increase to 40
lakhs per week a reaction ensued to 43%d., which ramaina the quotaUpntoday. Arrivals- FromNewYork,£83,000; West Indies, £13,000
Chile, £47,000. T>.tal, £143,000.
Mexican Dollars.— Mexican dollars have been soarc", and the rearest
Srlce to-day is 42 Sid. Arrivals— From Kew Yojk, £26,000; West Inles,
InUrU XUc'ls TottU.
Rev'iu Sou/re's
1887-8.
23.226.489
9,686,316
8,399,124
1,751,014
1.2(^2,491
10,770,HC0
8,967,065
1R86-7.
23.6.')6.026
1889-90.
Ordinary.
t
Pen-
In-
SiOIlS.
terent.
*
«
8,175
1888-89.
Prenv- Total
'U?IM.
t
612
3,738
10,980
1,508
2.273
88,388
17,411
28,590
2S.335
25,831
27,858
25.080
t
14,554
9,47J
10,984
17,174
4,210
13,261
21,487
11,99!
20,039
201
Oct
15,480
4,694
6,133
2,-292
Not.....
11,820
11,344
10,776
774
10,32-2
1.4BS
2,165
2,893
15,680
2,176
13,660
7,9 if
2.083
5U
937
9.92,
8 mos. 107.758
t
12.651
15,248
77,116127,09
891
13,436
73
16,433
2,185
2C,816
11,331
16.502 228.470 104,280
Bonds Held by National Banks.
In-
Prem.
total.
aUma. Ureat. 'urns.
41,998
18,877
Dec...
Jan
Feb
»
P«n-
298
Jnlr...
Aug.....
Sept....
18.4:-
OrdMnary.
10,322,fi74
7,236.886
1,167,506
1.200,327
12,183,312
8,671,033
20.993 255.210
DISBURSEMENTS (OOOs Omitted).
i
8,779
»
157
*
38,141
439 1,803' 22,198
2,596 B,079 19,530
6,707 4,619 38,610
617 1.032 36,397
2,119
512 15,220
8.2^5
651 28,554
83S|
853 33,7»7
73,789 30.880 14,106 828,435
—The following Interest-
ing statement, furnished by the Comptroller of the Currency,
shows the amount of each class of bonds held against national
bank circulation and to secure pubUc moneys in national bank
Makcb
March 1. We g^ve the statement for
Chronici,e of February 8, page 196, and by
referrinK to that the changes made during the month can be
on
depositaries
February
in
1
seen.
r. 8.
Dtieriplion of Bonds.
Bands Beld
Total
ISOO
Jfdr. 1.
,
to
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending Marcli 4 and from January 1 to date:
BXPOBTS FROM NEW YORK FOB TUB WEKK.
specie)
1887.
Secure-
Total Held.
$4,735,000
39,870,850
98,591, ISO
$30,883,000
$143,197,000
Frev. reported..
54,614,582
$6,972,543
53,234,251
Tjta),9weeks.,
$52,627,112
$53,811,661
$61,369,239
$5,835.01
$60,206,794
shows the exports and imports of spccia
47,130,350
New York for the week ending March 1 and
121,114.050 at the port of
since January 1, 1890, and for the corresponding periods in
$174,080,000 1889 and 1880:
The following
February and the two months of
table
EXPORTS AND IMPORTS Ot BPBCIB AT HEW TOBK.
—
Value.
213.240
56,980
$965,000
1,748.580
1,516
1,142,163
1,600
107,911
5,0(0
8,131
67.454
4.601
32.718
181,088
#367,072 $1,294,020
73,300
8,371.9.50
2,464.154
374,000
$975,563
2T4.293
321,088
$2,034,991
1,404,183
1.089,047
357,744
(Test Indies
tfezico
South America
$
9
1,560,000
Eagles
Half eagles
$550
$37,346
$9,328
Qermanr
Dtjurminalion.
Pieces.
Since Jan.\
Week.
Prance
Tao Months, 1890.
YaXut.
8ine«Jan.\.
Week.
1890.
February.
Imports,
Eaporis.
Sold.
GIreat Britain
78,000
1890.
6,751,057
Coinage by United States Mints. The following state
ment, kindly furnished us by the Director of the Mint, showB
the coinage at the Mints of the United States during the mom b
Donble eaglee
1889.
$6,089,307
47,742,354
Circulation.
$1,100,000
7,259,500
22,523,500
Pieces.
1888.
$8,083,993
44,543,119
Fortheveek....
Bank
Public Depontt
in Banks.
Cnrrenoy 68
44 per cents
4 per oenw
of
Ml
IHE CHRONICLE.
8, iSiiO.)
4.201,800
569,800
Tliree dollars
Quarter eagles
All other countries.
Total 1890
Total 1889
Total 1888
.
.
.
916
Import*.
Exports.
Silver.
Total gold
Standard dollars....
Half dollars
Quarter dollars
78,000
1,500,000
270,220
4,834,600
3,488,000
3,488,000
6,488,000
6,488,000
... ....
Week.
$413,982
Sreat Britain
France
Since Jan.1.
Week.
aituseJan.l.
$64,757
$4,366,979
19,000
1,351
9,773
70,674
2.377
41,653
69,372
Oermany
Dimes
Total sliver
Five cent«
::::;::.
3,488,000!
6,188,000
6,488,000
014,000
30,700
2,123,400
10 ',170
5,625,006
'56'*256
lOTifi'ftdVt
.,,.,•.
,.
107 460
Mexico....'.
Tliree cents
One cent
Total minor
6,239,0r0
25,182
West Indies
::::::I
3,488,000
86,950
12,869,400
213,630
4outh America.
All other countries.
$1,730
"h'.OQO
Total 1890
Tota 11889. .,...
Tota 11833 , ..
$413,982
501,381
185.799
$1,416,251
3,108,32a
2,270,708
—Waynesburgh & Canton RR.
$1,730,
$249,857
61,040
303,1';8
117,5681
393,2 39
guaranTotal coinage
9.805,000
5,134,950 19.627,620 11,636,230 teed by Cleveland & Canton, are offered for sale at 94 and ac"
crued interest by Messrs. J. W. Mackintosh & Co. of Boston ;
CHANaES IN Legal Tesdkrs and National Bank Note3 to
March 1. The Comptroller of the Currency has furnished see advertisement.
Parties desiring Investment Bonds are invited to call at
ua the following, showing the amounts of national bank noK s
February 1, together with the amounts outstanding March the office of Messrs. John H. Davis & Co. where full particuwill be furnished.
the increase or decrease during the month
1, and
also lars of their special offerings
the changes in legal tenders held for the redemption of bank
Anctlon Sales. The following were recently sold at auction
notes up to March 1
by Messrs. Adrian H. Muller & Son
Shares.
Shiref.
Kaiional Bank Hates—
10 BealEst. Excli. ^Auction
26 Am. Exoh. Nat'l Bk. 160-162
Amount outstanding Ftbruary 1, 1890
$194,493,572
(Uuiltod)
120
of
Room
25 Bank
R public
Amount Issued during February
190>a
5951,840
15 Mei'p'lifnNat.Bk.of N.Y.
1,600 Munioip'l Electric Light
Amount retired daring February
2,373,166
3,325,008
—
first
mortgage
fives,
—
,
;
—
:
Amount outstanding March
1,
1890
$192,120,406
•
Legal Tender Ifotes—
Amount on deposit to redeem national bank
notes February 1, 1890
Amount deposiit'd during February
Amount reissued Ik b'ni
Amount on
In
«268,080
3,304,467
Feb.
3,036,387
deposit to redeem national bank
notes March
*
notes retir'd
$67,746,542
1,
1890
$64,710,155
Circulation of national gold banks, not Included abovr,
.'t
147,137,
According to the above, the amount of legal tenders on
March 1 with the Treasurer of the United States to
ledeem national banknotes was 164,710,155, The portion ol
this deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by bariks reducing or retiring their circulation, was as follows on the first
of each of the last five months
by—
Nor.
Bee.
1.
Jan.
1
847,983
897,921
869,462
Uquid'g bks. 6,062,110
Red'o'g undr
5,931,481
5,852,391
act of '74.* 64,749,3S,'i 63.273.917
1.
$
$
.$
Insolv't bks.
March
Feb. 1.
1.
345,328
5.797,189
821,0.">9
5,719,172
*
60 German-AtneileanBk
124
32 Merchants' Sar'l Bk
159
10 Ilaml t'u Bk. of B'klyn. . 124>«
15 Nat. Shoe & Leatt:er Bk..l65
171,659,478 70,103,319 69,336,478 67,746,542 61,710,155
Act of June 20, 1874, and July 12, 1882
100 Aniiiston City Land Co.. 57i8
20 Savannah Ues-Llght Co.. 73
4 U. e. Eip ess Co
87>a
Bonds.
$3,000 Central RR. & Bank'g
Co. of Ga., "tilpartlte" 7s,
1893,
$2,'iOO
J&J
107
Western PaclQo
6s, g.,
^
Bk
13838
1899. Jci-J
113»e
125 Tradesmen's at. Bk
85
$1,000 Citv of C:n<ln. 7»ioa.
133''8
25 Comnureial Nat'l Bk
1902, JvtJ
.108'4
25 Gt. Wesfn Ins. Co. ($750
$eO Chesapeake &, Ohio RE.
Continontal Nat'l
.''
paid In llquldatloi
95
New
Y'ork
$50
)
Bowery
Fire
104ij!-105
20 Amerl an Fire Ins. Co. .149Js
25 Liberty In*!. Co...
7014
Ins.
Home
deferred fcrip
$65 Chesapiake
Co
.
75
Co
15 State Trust Co
Ils.
140-140ii
185>8
221i«
10 Holland Trust Co
1,375 B'klyn C'y RR. Co., $10
.^..102-165>3
each
50 N.Y. Prov.&Bost. RR. Co. ass's
*) N. y N. H. & Hart. RK Co 250
7N. Y.A Va.SS. Co
$6 lot
.
28
&
Ohio BR.
$1.5
in tp^e^t set ip
.$2,000 8i>.B6Iyn. Central
RR.
Co. 2d M. 6s, 18!*7,F&A....102
$1,500 State of Ala. "Class A"
107 "4
bonds. 1906, J&J
$6,000 St. P. & aioux C'y BR..
1st, 8a. g., res..
19i9,
A&O 125^
$6,000 Met ropoUi'n Gas- Light
Co. of N. Y. 6s, 1901, F&X.. 114
$1H,000 MetroiiolitHU Opera
H'se Co..2d,6', 1M06.
101T>
MAN
DIVlDKRDSi
The following dividends have recently been announced
—
Imports and Exports for the Week. The imports of
week, compared with those of the preceding week, show
a decrease iu both dry goods and general merchandise.
The total imports were $7,895,689, against |10,856,071 the
preceding week and §11,206,601 two weeks previous.
The
exports for the week ended March 4 amounted to $6,972,543,
against $6,810,204 last week and §7,960,840 two weeks previous.
The following are the imports at New York for the week
ending (for dry goods) Feb. 27 and for the week ending (for
general merchandise) Feb. 28; also totals since the beginning
119%-120^
30 Knlck. rbocker Ice Co. .. 100i«
75 8tand'rdOllTrust.l67V167>a
. .
62,614,625 01,104,025 58,166,624
Total
Co. of B'klyn, $10 each.
9
(179%pd. iulinuid.t'u). .$5
2 Mimhattan Co, Bank
195
5 Chemical Nat'l Bank...4,5''0
4 Nat'l Bk. of Commerce. ..2111a
5 BaLk of America
.... 222^4
10 Central N.al'l Bank
145%
.'9
deposit
Deposits
(60%paiainlkmidat'n).
6 Union .Vafl Bai;k .if N. Y.
Name of Company.
Per
When
Cent.
Payable.
Books Closed.
[Dayii inclusive.)
last
of the first
week
in January.
rOEEIQN lUrORTS AT
For Week.
Dry Goods
OenU mer'dlse.
Total
Since Jan.
1887.
NEW
1888.
& St. L. pf.(quar.)
& Harlem com. and pref.
Toledo & Ohio Central pref
Clev. Cln. Chic.
N. Y.
.
West Jersey
West Jersey
Atlantic
JTItsceilaiieou*.
cfe
Chicago Gas Trnst (quar.)
Colorado Fuel (quar.)
United State.'; Equitable Gas
1%
IH
21a
II3
31s
2ifl
1
II3
1
Moh.
24'Mch. 11
1 .Mch. 21
1 Moh. 16
1 Mch. 15
March.
April
April
Anrll
to Mch.
to April
to April
to April
24
1
1
I
'
Mitrch.
'
Mch. 28 Moh. 16 to AprD 24
Mch. 15 Mch. 5 to Mich. 15
Mch. 21 Mch. 15 to Mch. 21
TORK.
1889.
1890.
$3,410,682
7,141,343
$3,533,262
8,526,403
$3,021,536
7,720,137
$3,112,331
1,783,308
$10,582,025
$!2.059,H05
$10 741,673
,$7,895,689
1,
Dry Goods
Railroada.
Chicago & Northw. pref. (quar.).
8en'l in«r°dis».
$27,959,368' »2n,>-30.2l3 329,783.128' $32,362,075
53,691.314;
58,131,417;
60,072, 167|
53,744,825
Total 9 weens.
$81,653.682, $87,961,660
$89,855,295
t86,106,900
Spencer TRiVSK &
Co.,
BANKERS,
No*. 16 and 18 Broad Street,
ALBANY, N. Y.: SAIIATOGA. N. Y:
New York
City.
PBOVIDKNCE.
R. L:
TRANSACT A eENEKAl, BANKING BUSINESS.
All classes of Securities Bought and Sold on Commission. Special
attention given to Investment Securities. Direct wire 10 eaoH olllc«
and to Philadelphia, Boston and Chlcaco.
THE CHRuNlCLE.
342
selling
premium; St. Louis. 50c. premium: Chicago,
}.{
40c. discount; Boston, 15c.(iil7c. per $1,000 discount; San
Francisco, sight loc, telegraph 30c.
^Itc jankers' Qilaictte.
—
H^" For (livufends see prerioug page.
WALL
STREET. FltlUAV,
1S90-3 P. M.
The Money Mnrket and Finaiieial Situation.— The week
at tlie Stock Exchange has been almost a counterpart
of
predecessors
its
;
[Vol, L.
Mar.tli. 7,
irregularity, depression in certain spe-
United States Bonds. Prices of governments continue
firm, though business at the Stock Exchange has been small.
Tlie fours have advanced, and the Secretary of the Treasury
has resumed their purchase, until further notice, at 123 flat.
The sales to the Government this week aggregated $3,275,150,
of which $2,716,900 were 4s.
The statement for this week is as follows :
and dulness in general business have been the
chief features.
As bearing on the monetary situation, the
cial stocks
determination of Secretary Windom to purchase four per
cents at 123 and the decline to A% per cent in the Bank of
England rate have been the points of general interest. It is
not yet known whether the buying of fours will be suflScient
to carry tlie market well past the April 1 period, but the drift
of Washington dispatches is such as to indicate that the purchases are inade with that intent.
One of the breaks of the week occurred in the Heading 4
per cent mortgage bonds, w^liioh were sold down to 80J^ on
Thursday. "Whether or not this selling was for bear eftect,
the fact remains true that it is possible to make a great flourish
with the sale of a very few bonds. For instance, when these
mortgage bonds were sold on Thursday from 83% down to
801^, which was the lowest ix)int reached, only $340,000 bonds
were disposed of, and then the price began to rise again. The
jnanipulation seems palpable, as no holders desiring to sell
their bonds at the best price obtainable woxdd thus throw
them overboard. The ordinarily moderate dealings in investment bonds furnish the opportunity for this working of the
market, as it would be absurd with an active speculative stock
to think of breaking the market three points by the sale of
only 2,400 shares, equivalent at par to §240,000. The Reading
stock naturally figured prominently as tlie weakest of the list,
and it was moje easily attacked from the fact that the advance
from the low price made earlier in the year was then known
to be fictitious, and not warranted by any facts bearing on the
company's finances or income.
There is nothing unfavorable as yet in the prospect for a
large income to the railroads in the current half of the year
1890.
The winter has been moderate in all sections east of
Denver, and it may be presumed that working expenses have
been near a minimum. The Southern roads are doing remarkably well, and the general exhibit of net earnings in January,
8o far as yet reported, is highly satisfactory.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 2 to 6 per cent,
with 43^ per cent as a fair average; to-day the rates were
2@6 p. c. Prime commercial paper is quoted at 5{a5i'2 P- c.
The Bank of England weekly statement on Thursday showed
a gain in specie of £148,000, and the percentage of reserve to
liabihties was 48^93, against 47 33 last week; the discount rate
was reduced to 4J^ per cent. The Bank of France lost 1,135,€00 francs in gold and gained 1,875.000 francs in silver.^
The New York Clearing House banks in their staternent of
March 1 shovi'ed adeoreasein the surplus reserve of $1,366,600,
the total surplus being $3,364,300, against $3,700,800 the previous week.
The following table shows the changes from the previous
wsek and a comparison with the two preceding years in the
averages of the New York Clearing House banks:
1890.
il>r. 1.
Clapital
BurpluB
Loans and
60,,862,700
57,,fi'20,900
disc'ts 40P,,710,900
Clroulatlon
Net deposits
Specie
l«gai tenders
3, 3.50,700
418,,619.200
7!),,847,200
Keserve held
107, 019,000
104, 6.54,800
27. 171,800
Ii6gal reserve
Bnrplus re serve
.
DiffereiVsfroin
i'rev. week.
1889.
1888.
liar. 2.
itar. 3.
60,762 ,700
52,402 .600
D0C.4 ,863.100 413,001 ,•200 367, 500.300
Inc.
4.323,.9001
14,100i
7, 601.700
Dec.9 ,118,000 438.095,,000 377. 549.200
Dec.3, 064,200 86,266,,500 75 ,309,7Q0
Dec. 551,900 35,527,,800 31 .822,300
Dec.3, 616,100 121,794. 300 107, 132,000
Dec.2, 279,500| 109,523, 750i 94, 387,300
I
2,364 200 Dec.l,33^,600i 12,270,5501 12.744,7 00
,
—
Foreign Excliange. Foreign exchange was firmer and more
active, owing to the falling off in the supply of bankers' bills
against stocks and bonds purchased for European account; the
easier money market in London and reduction in tne Bank rate
also had its effect. To-day, however, there was less inquiry,
and some of the leading drawers reduced their posted rates,
which are now 4 83 3 4 83>^ and 4 883^® 4 87.
To-day the rates on actual business were as follows, viz.
Bankers' 60 days' sterling, 4 83i|® 4 83iii, demand 4 85'V(a
-4 86.
Cables4 86M'a4 86if
The
rates of leading bankers are as follows
March
:
Sixty Days.
8.
Demand.
Prime bankers' sterling bills on London.. '4 83 84 83134 86"a<i4 87
Prime coininerciaV
j4 81'4a4 SlHil
Documentary commercitil
480%44 81
Paris (francs)
Amstevilam (guilders)
Frankfoit or Bremen (reicliinarksl
5 21-'e- 5 2134'5 IflSsiS'lS^
Sgi-iKaSg's
40iiB'ff'4034
94''8S94'a
95 a.95%
I
I
I
4H Per
Offerinsa.
Batnrds;
. .
Monday
;
t Per <!mt4, due i""'
PricM paid.
tJO.SCO
69,^00
»5:l,300
insii
80.300
ios«
lOO
TOO
88 4)0
lOSii
371.000
2S,550
103«
Tuesdaj....
Wedn'sday.
3MO0
Thursday...
Friday
37 LOW)
28,550
Offerings Pwrcti'ei. Pri^e*
» 10,000
Total.
.
..
t'5S,a50
The closing
1558.250
103.14
103«
prices at the N. Y.
Interest
Periods
,
a>
.
123
103J^
1
Mar.
1
1
1.3«l,BOO»I,'<Bl,'500
12;t
1,'1!5,400 (1,345,100
123
2.716,000 $2,-0<l.»X)
123
Board have been as follows
Mar,
Mar
Mar.
3.
4.
1
5.
:
Uir.
Mar
6.
7.
412S, 1891.... ...reK.iQ.-MeU. *103i2 103% I0312 *103i2 'lOSia •IO314
414s, 1891. .. .coup (J.-Mcb. •10313' 10313*10012 'IO312 *103i2|''103i4
4s, 1907
...vcg. Q.-Jan . •12114*12114*12114' 1217e -121:1^1*121%
4s, 1907
.coup. (j.-J'an . -I2214 '12214 *122i4 n22i3 •122%i»l^.d2%
Us, cur'cy.'95. ...res. J.
'116 1-116 *116 ,*116
*116
J. 116
6?, our'cy,'06. ...re?. J.
118 1*118 *118 1*118 •118
J. *118
6s, cur'c.v.'97. ..re?. J.
*120 •120
S.*ViO^ '120i2*120
6s, curV::,,'98. ..re;?. J. .L J.*124
'124 *123 *123 |'1'J3
*123
6s. eur'jy,'9J
..reg. J. <t J. 1*12612 U2612 *125
*125
1*125
"
,
&
&
&
*
This
is
120
125
tbe price bid at tbe morning board ; no sale was made.
—
State and Railroad Bonds. State bonds have been only
moderately dealt in at the Exchange, the sales being $14,000
Alabama class ''A" bonds at 107^—107?^, $1,000 Louisiana
consolidated 4s at 96?^, $1,000 Tennessee compromise bonds at
78, and $3,000 settlement 6s at 110, $9,500 settlement 5s at 104
and §40,000 settlement 3, at 73;^ -74.
Railroad bonds, whicii were weak on Saturday and Monday,
have developed more strength, with the exception of the Beading issues, which have fallen off considerably. On Thursday
and to-day the general 4s were heavily sold and tlie price
dropped to SOJ-^ Thursday, recovering" to 81J^ the closing
prices to-day were 83 for the fours, 65 for the 1st preferred incomes, 45 for the 2ds and 36}^ for the 3ds, against 84;g 65i|, 46
and 38 respectively last Friday. Chicago Gas Ti^ust Ists on
Thursday were sold quite actively on the Chicago reports, but
declined to only 92 Jg.
Western Union Telegraph collateral 53 declined to Q^% from 101}^ last Friday and close
at 993^. Shen. Valley issues have advanced several points.
:
,
Railroad and Miscellaneous Stocks—The irregularity
noted in our last report has continued through the present
week. The bank statement on Saturday the 1st iust. being a
trifle more favorable than expected caused some firmness,
and this continued until Wednesday, when a weaker tone developed; St. Paul has been affected somewhat by the Western rate situation; Western Union Tel. owing to the bills before Congress for a postal-telegraph, declined on free sales
Wednesday to 8U:^, the lowest point of the year. Part of the
decline was subsequently recovered, however, and the close,
to-day was at 8258; Can. Pac, on reported negotiations of
No. Pac. and Pac. Mail looking to a rival line of steamers for
Asiatic business, dropped to 72 on Wednesday, but the threat
of the Pacific railroads to withdraw the Pac. Mail subsidy in
case the arrangement shoidd be carried out caused a recovery
later. The most prominent stock in point of weakness has been
On lai^ge dealings the price declined to 355^ on
Reading.
per cent above the lowest of the
Thursday only
liquidation
for
this
is
One reason given
year.
unloading
by some members of the
reported
the
pool which was recently purchasing; but the rumor of sales
from Philadelphia by parties interested in Poughkeepsie
On Thursday
Bridge bonds were probably unfounded.
Chicago Gas Trust became very active on the application by a
lawyer in Chicago on his own account for the appointment of a
receiver, and the price fell from iA% to 43J>^. recovering again to
4314^; it closes to-day at 44. The Manhattan directors having given
notice that the outstanding dividend scrip would be redeemed,
the stock immediately advanced, and the advance was continued
on the announcement of the Court of Appeals' decision in
favor of the company regarding damages to property, the gain
for the week being four per cent. Tennessee Coal & Iron
advanced on Monday to 633^, but has fallen again to 583^,
though the Inman litigation has been settled. Pullman
Palace Car also rose to 1923^ on Wednesday, but lost some of
tlie advance subsequently.
To-day (Friday) Reading was much stronger, closing at375^,
and the whole list was better, with a good tone prevailing at
the close.
Among the trust stocks Pipe Line certificates have been aclive and declining, touching the lowest point of the year on
against 99;|' last
Tuesday—915^, and closing to-day at
Friday. Lead was active on Tuesday, but quiet the balance
closing price to-day 18^4 against 17^ last
of the week
week. Sugar has advanced from 60-?^ last Friday to 69;!^ today (closing at 68), on a good business aU the week, the announcement of the wholesale grocers' sugar combination helping up the price.
,
—
%
M%
;
The following were the rates of domestic exchange on New
York at the uuder-montioned cities to-day: Savannah, buying
par, soiling ^i'S}-£ premium
New Orleans, commercial, par
<8S5c. premium; bank, $1 premium; Charleston, buying par,
Centt due IHM.
f-urc/i'w.
March
UtiO.
8,
THE 0HRON1CI.R
|
SrOCKS-PKICES AT
N. Y.
343
M IRCH
STOCK EXCHANCJE POK WEEK E V T>INO
AND SINCE
T,
HIG BEST AND LOWEST PRICES
STOCKS.
Active Kit. StockK.
Canada
Monday,
March
Match
1.
33% 83
74%
AtchlHon Top. it Santa Fe
Canadian PactQc
../(A ...... .•
Saturday.
*74>4
521a
......
Houtliern .............
.J.'i.l.lV.l.
120
Central of New Jersey
Central I'acllio
120ii!
22 13
33
22 1«
58
5!)
HSh
3Hi2
•32H)
Chesapeake &0.— Vot.Tr.cort.
Do
do Istpref..
"Do
do 2d prof...
52 12
3.
33
3319
33
74%
33%
'7414
5314
•74
531a
74 '4
5314
120% 120%
-Mht 33
22^8
5812
23
591a
39%
•38
Do
A Eiwtorn
IIIIiioIr...
prof...
ChicapoMilwaukee&St. I'aul.
Do
Chicago
Do
pref.
& Northwestern
prof.
Chicago Rock Island APaeltlc.
Chicago St. Liouls it Putsbnrg.
Do
prof.
Do
pref.
&
Cleve. Cinoin. ChJc.
St. h...
Do
JP™'-
ColunibusHockingVal. &T0I.
Delaware Lackawanna iS West
Den V. Tex. *t
Ft. \V
assented
. .
Kast Tennessee Va.
iBt prof.
2d pref.
nilnots Central
l^ako Krie «& Western
Irfike
Shore <fe
oref
Mich. Southern.
Long Island
& Nashville
New Alb. & Chicago ...
loiiisville
liouis.
Manhattan Elevated.
Michigan Central
miwaukee Lake Bh.
cou.sol..
& We.st!
Do
pref.
Missouri Kansas
Do
& Texas
trust receipts.
Missouri Paciflc
Moblle&Ohlo
2918
U9%
12014
•32 la
33
23
23
59I2
38I3
59I2
381.2
20
103
•28
1037,
291a
75
6714
8'9
9U
721a
7212
2214
•a's
914
•71
221a
721a
•8=8
•71
9I4
72I2
22%
.
.
Paul Mlnnea. &. Manitoba.
Southern Pacltlc Co
Bt.
Texas &
Pacilic
Ann Arbor &N.M
Union Pacific
Wabash, new
Wabash, preferred
WheelingiS Lake Erie
Do
do
pref.
Wisconsin Central Co
MlwcellaiieoiiM Stock*.
Chicago Gas Trust
Tol.
Colorado Coal & Iron
Coiunicrcial Cable Co
Consolidated Gas Co
ii'iiai'iiia •i'li
29% 30
191a 19%
3378
621a
1214
35^6
63^8
1214
25% 26%
Pullman Palace Car Co
Tennessee Coal
&
29=8
19=9
3579
6278
•12
33%
•72=8
23
60
23 14
23%
60
59=9
69=8
1,.538
•38
40
39% 39%
489
19%
23%
23
23
•58 13 60
39I8 3918
103 1031s
•28
291?
*7a'a 76
6613 66'78
•878
8^9
914
'28
"878
879
28% 28%
29
29
4518
4114
45i«
43=8
45 14
45%
431a
4414
45 12 4618
43 la 4479
8318
9579 9579
I4914 I49I4
26I4
26%
38
17
95
38
I7I2
9918
60% 64%
-44
•93
90
*1(.2
46
95
98 14
17%
17%
•7
714
7278
44%
7319
20=8
4514
35
35 14
-20%
•18
422
31%
3'26
92
200
70%
10,084
1,138
99
20%
900
136% 68,890
3214
2,775
300
125
914
23
116
1,807
3;<6
I7I4
6314
400
3,408
7,020
105%
515
88
84%
71,86'.»
200
50
106
95
92
113
6,566
no
"ii%
600
10
910
420
73%
30,711
I6I4
801)
150
687
400
102
20=8
18
11,905
4,420
714
480
174
600
17%
•7
3iiO
29
I8I4
79
-104
•37
•d8
"-
505
384,553
6,925
95
79
104% 104%
•1778 19%
•37% 30
-17% 19%
'.'.'.'.'.'.
9.50
2,249
10,9!'0
ISI4
79
79
105
1,160
2,285
7,847
37%
20% 21
36I4
3714
20% 20%
105
-is"
4478
17=8
27%
29
20
"2'o'6
7.285
44=8
44=(,
17=fc
20
35=8
3914
207a
*77% 79%
•104
61%
25% 25%
60% 60%
19% 19%
60% 60% 60%
3OI4
30% 30%
73%
72% 73 14 73
20I4 2014 •20
20%
45
45 14 46% 46%
34% 35% 35% 3679
20
36%
39
00
100
225
90
•88
""19
j
100
"
i'li
i'ii%
7-.?0
30
31%
1978
2014
3,620
4,a30
3,400
71,120
1,685
5,450
10,160
7,930
1,950
i'li
i'l'i'
29% 297t
19% 19%
33% 3579
"
35% 3578
63% 64%
63=8
12
12
1214
12
-2614
2.=>%
26 14
32=9
6878
-29
33%
70%
33%
34 14
26
34
69=8
70%
26%
34%
69% 70%
29 '4
29
29
2914
45
4578
42% 44%
43^0 44%
44% 44%
•43
30
43% 45
44% 43%
43
92
-43
•93
40
106
102
102
82
82%
81 14
27=8
26% 27%
36% 37%
1779 18%
9214 93%
26%
2678
37 12
I712
36 '4 36 14
92
96
17% 18%
91% 93 14
6412
365
56,817
161
18
51'8
38
38
714
•27%
20% •19%
5979 6OI9 •60%
-3018 30%
30
28
8I79
261a
361a
I714
62% 65%
9,741
9178
46
96
67
6514
102
26% 27%
37%
17% 18
•37
94
67% 69
93
68I4
2,T73 147
Jau.
832 92% Feo.
'
3
90
3
2714
13,595
37%
18 14
67% 69%
"2'-i
2
1
43% Jan.
27
95
Jan.
Feb.
Jan.
Jan.
153 14 Jan.
106 Feb.
48 Jan.
95 Jan.
101 Jan.
41% Jau.
193 Jau.
89 Jan.
119 Jan.
8579 Jan.
415 102
518 !>2
•37
18
9379
103
1890.
42^4 .Tan. 2 48%
3914 Jan. 2 51%
Jan. 17 103
Jau. 2 9779
28,350
11,900
82% 82%
•102
102
81% 82%
1,
Jan. 15
Mar. 5
Fob. 27
Feb. 4
Mar. 7
Feb. 24
Mar.
1,6S0 9714 Mar.
2,230 36% Feb.
4,127 187 Feb.
21,150 31 Feb.
420 100 Jan.
43,467 81i4Mar.
-98% 99%
37% 37%
36%
189% 189% 192 14 191% 191% 191% 191% 190% 191
61
62% 6018 62
58
55% 59
57% 59
106
83
2i0
115
109%
143
71% 71%
46
91% 91%
94
98 14
-98 100
100 100
3679 3678
3679 37
3612 3612
9714. 97^^
100
60
74
67% 54,835
102% 102% -102 103
103 103 •10214 103
95% 93% 95 14 9579 95% 95% 95% 96
•149 1.50
149 149% 149% 14979 149% 150
105 105 -103
105% 105% •105=9
105 14 105 14
•44
46
60
104
82
-7
28
20
26
68
60^9
4379
17=8
6314
69 14
29
104
61%
63%
12% 12%
68=8
•2813
361a
2514
1979
3579
2612
3319
70=8
90
38
25=8
19=8
3379
63I4
1979
64
321a
6818
iSiih
•37
25
•61
62
4414
44=8
37%
25
1979
•12
IO2I2 103
20%
100% 106% •IO6I4 106% 106=9 106=8
•1614 16% *16i4 16% •I6I4 16%
•69% 70
•69% 70
•69% 70
•37 %
1890.
3379 Mar. 7
77% Jan. 16
56I4 Jan. 2»
127% Jau. 8
35 Jau. «
27% Jan. !i
58 Mar. 1 65% Jan. 9
37% Fob. 21 45% Jan.
101=8 Feb. 21;108=hJ8U. 27
26% Fob. 3 37=(;Jan. 27
70 Feb. 3 88 Jan. 27
66% Mar. 4 7ii4Jai>. 28
113%Jan. 17111'!% Jan. 29
107 Feb. 21 112% Jan. 27
140 Feb. 5 143 14 Jan. 3
8«% Fob. 19 98=8 Jan. 4
15% Jan. 16 lHi4Feb. 2&
43% Jan. 13 53 Feb. 26
31 Mar. 6 33 Jau. 27
92 Feb. 19 97% Jan. 27
66% Feb. 21 73=8 Jan. 29
96 Feb. 17 99 Jan. 29
18% Jan. 13 2379 Jan. 26
134% Jan. 7 138% Jan. 9
3079 Mar. 1 36% Jan. 28
8'8Fob. 28 10 Jan. 28
67 Jan. 6 74 Feb. 18
20i4Jan. 20 24 Feb. 7
114% Mar. 1 120 Jan. 31
17 Feb. 28 I914 Feb. 1
62 Mar. 1| 68 Jan. 31
104% Jan. 15 10«79 Feb. 7
86 Mar. 1 91% Jan. 8
82 14 Feb. 24 91i4Jan. 29
37 Jan. 13 53 Feb. 7
100 Jau. 14 107 Jan. 27
02 Mar. 4 96 Jan. 23
9178 Mar. 3 104 Jau. 23
110% Feb. 5 117 Jan. 28
Mar. 3 11% Jau. 4
6
10 Feb. T4 12=8 Feb. 8
70% Feb. 17 76 14 Jan. 27
13 Jau. 7 18% Jan. 28
102 Jan. 6 104 Feb. 1
106 Feb. 19 107% Feb. 6
16 Feb. 24 I8I4 Jan. 27
70 Jan. 7 71% Jan. »
36 Feb. 21 39% Jan. 27
25 Mar. 5 27 % Jan. 29
60 Jan. 21 65i4Jan. 29
4314 Jan. 7 49i4Feb. 1
17% Feb. 26 2014 Jan. 4
679 Feb. 27
7% Jan. 9
27 Feb. 27 31% Jan. 2619% Mar. 7 22% Jan. 29
5979 Mar. 5 63% Jan. 2830 Jan. 13 33=8 Jan. 27
72 Feb. 28 70% Jan. 28
2014 Mar. 3 22% Jan. 28
43 Feb. 28 56 Jan. 2
33% Jan. 8 38% Jan. 27
16% Jau. 17 23 Jan. 27
35% Jan. 13 43 14 Feb. 7
20 Feb. 21 23% Jan. 30
76 Jan. 18 80 Feb. »
104 Feb. 17 108% Jan. 31
16 Jan. 11 19 Feb. 26
36% Jan. 27 39% Feb. 26
87% Feb. 11 96% Jan. 8
30% Mar. 1 34% Jan. 13
83 Jau. 17 85 Jan. 7
110% Feb. 28 115 Jan. 9
29% JSIar. 5 35% Jan. 3
19% Feb. 26 22% Jan. 27
30% Jan. 4 37% Feb. 10
62% Mar. 1 6878 Jan. 23
12 Feb. 25 14 Jan. 28
35% Mar. 1 29% Jan. 27
30i4Jau. 11 35 Jan. 27
67 Feb. 24 71% Jau. 23
28 Feb. 17 36% Jan. 10
103% 101% 17,978
-70
72
22=9 23
•113 116
•14
IB
72% 72%
22% 22%
23% 29%
63
73
11914119% 118% 119% 119 120
•32 14 32%
-32 "3 33
32% 33
i'i'i'%ii'i%
35% 36
357„
63=8
3379
51%
54
1,
nigbest.
I.,owest.
8bares.
7,201 30%
1,900 72
3,133 32%
3,643 113%
19 32%
2,800 22%
111
26
ristiilers'
3
27
28
24
21
5
28
8
S
22
10
25
23
28
24
31
16
7
27
29
24 Feb. 21 3214 Jan. 4
700 36i4Mar. 4 41% Jau. 28
7,720,000
16%
91%
179,948
50
19,790
22% Jan. 27
Mar. 4 108 Feb. J
6979
Feb. 16
Jan. 10;
Feb. 21'
Sitockii.
.
>151
15S
11514 116
American
1.52
•85
88
•115
88
Co
144
Inactive Slocha.
American Telegraph <fe Cable.
85
144
142
United States
Wells, Fart'o &
Atlantic APivcittc
Ch icago & Alton
Cin. Wash.
3314
72 14 72%
53
53%
33%
29% 30
3319
68=8
Amor.
Bugar Keflneries to
30
26
56
Cot. Oil Trust receipts.
& Cattle F. Trust
National Lead Trust..
Pipe Liu? Certillcates 5
in
i'l'iia
32%
187 la 1881a 189
Iron
53%
7.
8312
26
3<i'^
. . ! ! i
831a
3318
tio
do
pref. 104
western Union Telegraph
83
Tru»t Stockpi, (Unlist.'d.).
express
Adams
"
32''8
103 103
95 14 95 14
Delaware & Hudson Canal... •1481a 15J
Edison General Electric
105 10.)
Oregon luiprovemeutCo
•44
46
Do
pref! -93
95
Oregou E'y & Navigation Co •97 13 98
Pacilic Mail
3314
72I3
53I4
an
.
V*^^
88
72
March
6.
22 14 22 13
23
113
114% 115 •114 116 •114 116 •114 116
I7I4
I7I4 I714
I714
*17
17
17
I714 •17
62 19 621a 621a 62% 63 14 62% 62% 62% 62% 63
62
105
105
105
104=8
10479
105
ife
lOJ's
104=8
100%
1041a 1045s
•86
•86
•86
*86
•86
88
88
86
88
87
88
83%
83% 84.'8 84T8 851a 85% 85% 83% 8478 82% 84
•47
•45
50
•46
52
50
50
50
481a 481-2 48
IO6I4
105%
106
ie»5%
noiia 102 *10i.ial02
105
104
14
1021a
•92%
*92
93Ja 931a •j2ia 95
•92% 93
•92% 95
95
•90
92
*92
9178 931a
92
92
92
95
92
92
*111
Ii2iall2i2 •110 112 -110 112 •110
113
113
7I3
-7
6
8
8
6
8
"•"16=8 "ii%
Ilia
*lo^ 11% '•'16%
lOia il
10% 10% •10
72 14 72%
71Ja 72
72
72% 72
72% 7179 72% 72
'15%
15^8 16
*15'8 16%
15% 15% 15% 15% •15% 16
102
*102 103
102 102 -102 103 102 103 -101 103
22
Nashv.Chattanooga&St. Louis
New York Central & Hudson. IO6I4 IO6I4 IO6I4 IO6I4 106% IO6I2
16
161a 16 li 'I6I4 17
Sew York Chic. & St. Louis.
161a
•69
71
Do
1st pref. *69ia 71
-691a 70 12
•3713 39
38
38
38
Do
2d pref. •37
Hew York Lake Erie & West'n 2514 25=8 25=8 25% 25% 25%
•61% 62%
Do
66
pref. •60
4414 44=8 '4419 "44%
44% 4479
Hew Y'ork dk New England
Hew York Outaiio & West. . *17ia 17-8 17=8 17% 17% 18
•7
7
7
New YorkSusquehan. & West.
7
7
714
•27
•27
29
27
27
Do
29
prof.
•20
2II4 •20
20
Horfolk & Western
20
21 la
Do
pref
•em 61^ 61 14 61 14 6OI2 6OI2
30% 30% 30
30 14
Horthern Paciflo
301a 3012
73%
Do
73
73 14 7278 73% 73
pref
2OI9
20>4
Ohio ii Mississippi
2014
2014
20%
201a
•4313 441a
43
4479 4479
Oregon 8h. L. <fe Utah North..
44
34I2 34%
Oregon & Trans-Continental,.
35
341a
34% 351?
•20
Peoria Decatur i& Evansville.
20
21
18
181a •18
Phila. A: Kead. V(it. Trust. Cert.
3914
39
39=8
38=8
3878 39 14
Biohnjoud&West P't Terminal 2012 20=8 20% 21
20% 2I19
Do
76% 76% "77
79
pref. •77'a 78'a
Borne Watertown&Ogdensb'g "104 106 •104 106 '104 103
...'.
•18
•18
flu Louis t& San Francisco
191s
191s
"3'8i4"3'8i4
"37
Do
38
38
3S
pref.
•88
"88
Do
l8t pref. •88
89
89
•31
t.Faul ADuluth
33
301a 30%
Do
1
March
5.
JAN.
Banfte Bloce Jan.
Week,
Friday,
•72
•72%
66%
661a
•114
*113is 115
113'a
108%
uy7-<e 107% 10779
•141
•141 143
11 2 'a 142^8 143
143
141 141
1411a 142
8i)l8 8l)'8
89=8 90=8
897g 00%
90
904 90%
891a 90=9
•1714
'1713 1814 •17
18*4 *17ia 1814
18
16% 16%
18
•50
*50
•50
51 14 5113
5179
52
51
51
53
521a
•30
3II2
31%
31
31
31% 311a
•92
•92
92
92
02
"67% "68'" "6814 "68% 68% 69=f. 69I4 6il=8 69
69 14 69%
•97
971* "97
98% 98%
*U7
98
89
971a
9818 •98
20
20
20
21
20% 20%
20
20
20
20% -20
13415 13514 135 135% 135 I33I2 134% 13512 134% 135% 135=8
31% 31% 31=9 32
3078 31
31% 31% 31=9 31% 32
«6%
& Ga
Do
Do
Do
'2818
•72
53>.j
March
Thursday,
108% 103=8
•28
29
29%
-72% 75
75
74
74
67% 60 18 67
66% 66%
11315 II414II414 •113>9ll5 •113% 115
108% 107=8 1081!; 108 10814 IO8I4 108%
ObIea«;o Biirlinsrlou & Qalncy. 102% 103 Hi 10318 104
Chicago
Wednesday,
Tuesday.
March 4
Sale*
of the
"413
•130
Halt.— Trust rcc.
pref.— Trust rec.
Columbus & Ilockisig Coal
Denver & Rio Graiule, pref..'
ivaiiKvllle* fcrre Haute..
A:
Do
•239
51a
•154 136
11519 116
88
88
*140 145
153
117
88
143
'.
154
110
*140
145
85
85
-151
156
115% 116
•85
88
140
87
145
'
1
-ISl
119
156
116
-140
145
84
64
88% 88%
60 151
236 11314
30 84
22 135
5%
135
3ie
512
851a
8.'>a
-413
51a
•130
•2=8
•5
I513
•1512
16
-46%
47% •46
»84
86I2
•1%
•41-j
•130
135
3I8
-2=8
-o
5%
1513
1
17
-47
106
135
3
51a
17
1
471a
-130
•2=9
•5
I714
4714
5% -41^ "'5%
135
129
•2 '9
3
5%' -3
-17%
18
4714 -45%
j
13i>
27s
5%
18%
-4%
-128
'2=8
•5
5%
134
3
5%
46%
46%
18
19
Fbb. 19 156
Jan. 4 116%
Jan. 6 90
Jau. 7 144
Jan. 31
Feb. 9
Jau. 31
Feb. 7
~,
27
10
24
98 129
13
2%
OUJan. 14
4i4Jan. 3
100
1,910 15 Jan. 10 20 Jau 27
257 46=8 Feb. 28 51% Feb. J
1
707 96 Jau. 17 108% Job
10 244% Jan. 10 232 Feb. 4
1
1
85
*
107 •
106
107
York New Hav. & Hart •248 252 •248 252 ;*248 251
Quicksilver Mining Co
•5%
-6
6% •6
6%
6%
Do
do
•3419 36H! ^34
pref
36
3612
36
Bt. Louis Ark. & Texas..:
3I2
-3
5
312
314
3
Texax .V Piicille Lund Tn>st" 19
•19
20
201-3 ^19
20
These are the piicea bia and asked; bo sale made at the Board.
New
154
116
88
84
175
1
1
4%
Mar
.
87 Jan.
5 Jan.
Mar. 6 135 Jau.
3i4Jan.
Jau. 25
71
Feb. 27*
47
105 1*103 106
103% 107
250 *248 231 •249 251
7%. Ian. »
Feb. 25;
-6
6%' -6
6%
6%
100 35% Feb. I 39% Feb 7
-34% 36%, ^34% 36% -34
36%
7% Jan. 1
^2%
31..
3
3
3% 3% 1,470 3 Mar. 41
300 19 Mar. 61 23i4Jft».J^
-19
20
20%
20
19
19
Prioesfrom toth Exchaugea. t Lowest price Is ex dividend.
105
250
a
!
THE CHRONICLR
34*
INACTIVE STOCKS—Quotatious
coittlnaed.
Bid.
Ask.
Bid.
Bid. lABk.
I
(*
rvoL. L.
Indicates actual sales.)
Ask.
761a
i>rof.
25
Burl.C.K.cStNo.
Cababa C«al.
Cameron Coal.
Cedar F. ife M.
51
. -
3
4
153
C1.& Pitta.Bu..
Colorado Fuel.
Oonsol.CoalCo.
Den. & B. O..
B>JNUS -
77
40
'
79
23
16
4
ID
G.BavW.ASt.Fi
6
Hack'ns'kWat. 100
prcf.[ 100
do.
3»«
Hou8. (SiTex.C.
ni.C.lca8edr8.
VH
H
Iowa Cent
25
do
pref.
««
6
pref.
do.
)
At.Top.&8.Fe.-100-y*r 48,1989
1989
100-year income 5s
mar.
1 Feb.
'
9
BONDS AT
28
84
831a
54%
541>g
84% Jan.
127
----
b.
110%
General mort., 53, 1987
Leh.&W.B..con.78, 1909,a3'nt
do. Mortgage, 58, 1912
Am. Dock & Imp., 58, 1921 ...
•CeutralPacifle— Gold 6s, 1898..
Land gi-ant 6a, 1890
Ches. & Ohio.— .Mort. 6a, 1911
IVL^
Debenture 5a, 1913
Denver Division 4s, 1922 ....
Nebraska Kxtension 4s, 1927.
Chic. & E. Ill.-lst, 8. f., 6a, 1907
Cousol. 6», 1934
General consol. 1 at, 53, 1937
Chic. Gas. L.&C.—l8t,g,58,1937
•Chic. Mil. & St. P.— Con. 78, 1905
1st, SouthwestDlv.— 6s,1909.
Ist, 60. Min. Div.— 68, 1910 ..
Ist, Ch.&Pac.W.Div.— 58,1921
CMC. & Mo. Riv. Oiv.— 58,1926
Wis. (k Minn. Div.— 53, 1921 ..
Terminal 58,1914
10312b.
llS^b. 115 b.
lOl^a. 104%a.
loo's
miib.
11714b.
102 '4b.
117
a!
100'4
100%
Ist cousol. 53, 1939
109 b. 109 b.
Ches. O. & 80. W.-6a, 1911
126i2b.
Chic. Burl. & Q.— Con. 7, 1903.. 127
,
. .
"93 lib.
92 ^b.
9278b.
92^8
118
118
a.
94
97
93
126
114
a.
b.
93ieb.
126
113
b.
b.
b.
114%
lll^sb.
107
IO213
10214b.
103
103 b.
103%b. 103 igb.
Chic. & N. W.— Consol. 7s, 1915. Ill
.- 126i«b. 126
b.
Gold, 7s, 1902
116 b. 118 a.
Sinking fund 63, 1929
IO8I2
108
1929
-ab.
•Sinking fund 58,
Bulking fund debeut. 53, 1933 llOiab. llOiab.
25-year debenture 53, 1909... 108
1071a
96iab. 96iab.
Extentlon 4s, 1926
iChic. Peo. & St. L.— Gld. 53, 1928 93 ig
93 b,
Chio.K. I.&Pac.— 68,eoup.,1917
Extension & col. 5s, 1934
Cli.St.L.&Pilt.— lst,con.5s,1932
Chic. St. P. M. & O. -Con.63,1930
deve. & Canton— Ist, 58, 1917.
C. C. C. & I.— Consol. 7a. 1914..
General consol. 68. 1934
Col. Coal & Iron— lat 63, 1900.
Col.H.Val. &T0I.— Con. 5s,1931
Generaigold, 63, 1904
130ia
104'8
Ist consol. 4s.
104%
b.
12 1 laa.
92 b.
135 a.
104
73
70
1900 119
.
Det. B. C.
130''8b.
104
12II4
92 la
135 a
b. 103iab.
761a
b.
73 b.
a. 118i«b.
78is
1936
& Alp.— lst.g.,6s, 1913 100
Det.Mac.&M.— Ld.gr.3ia3,1911 36
77'6b.
100
36
a.
b.
Dul. So. 8h. & Atl.— g., 5s, 1937. 93iab.
E. Tenn. V. & G.— Con., 5s, 1956 IO6I4
l3t,6s,gold,1925 112
Kaoxv.
Ellz. Lex. & Big San.— 68, 1 902 . 96
1st, 6s, 1921 103iab.
Ft. W. & Denv.
GalH.&SanAnt.—W.Div.lat.Sa 94'%
Gulf Col. & San. Fe— Ist, 78,1909
Gold, 6s, 1923
Han. & St. Jos.- Cons. 6s, 1911. 116 b.
lUinoia Central— 4s
1952
Int. &Gt.No.—l8t, 69, gold, 1919 111
931a
106 14
110 b.
100 a.
&0—
C—
Coupon,6s, 1909
Iowa Central— l8t Sa, 1938
Kentucky Cent.— Gold 4, 1987
77
85
. .
10378
93 b.
76
1201a
101 lab,
111
75 b.
85 b
a.
b.
10438b.
86
64 b.
1141$
a.
IIII4
124
Ill
98
b.
b.
109
114
115
b.
b.
b.
,
115% Mar.
97% Jan.
llSiab. 115
Jan.
118
II514 Jan.
,
Mo. Pacitic— 1st,
b,
8414
KingsCo.El.— lst,8er.A,58,1925 104 a.
Laclede Gas— Ist, 58
1919 83
L. Erie & West.— Ist, g., 5s, 1937 110 b.
I,»keShore.-Con.cp.,lst,7s,1900 125 b.
Consol. coup., 2d, 73, 1903
124 b.
Iiong Island— 1st, con., 58, 1931 116
General mort. 48, 1 938
96 b.
liOuisv. & Nashv.- Con., 7s, 1898 118^b.
N. O. &Mob.— l8t,6e, 1930... llS^b.
2d, 68, 1930
do.
log^eb.
E. H. & N.— Ist, 68, 1919
11412b.
General, 68, 1930
115 b,
Trust Bonds, 6s, 1922
110 b,
60-year5s, 1937
109 b,
CoUat. trust 5s, 1931
108 a,
IiOUls. N. A. &Ch.— Ist, 68, 1910 117 a
Consol., gold, 68, 1916
103 b,
Louis. South., 1st g. 6s.. 1917 97
Loui8.8t.L.& Tex.,lst g.6s. 1917
Metro. EUevated— 1st, 6a, 1908.. 1131a
2d, 68, 1899
lOO'sb
Mich. Cent.— Ist, con., 7s, 1902. 127%
Consol., 5s, 1902
Mil. Lake 8h. & W.— 1st, Os, 1921 122 b.
Conv. debenture, 58, 1907
101 Hjb.
Exten. <SImp. 8.f.,58, 1929... 102
MUw. & North.— M. L., 6a, 1910. lllia
l8t. Con., 6s, 1913
lOOiab.
Mo.K.&T.-Cou.,68.1920, tr.rec. 74%
Consol., 58, 19:20, trust rec
Con., 7a, 1904-5-6
b.
11 138b.
109
!
1
b.
10712a.
117
103
101
b.
b.
a.
97 %b.
113
lOSiab.
128
12112b.
10214a.
11113a.
106
113
113
Jan.
Jan.
Jan.
109% Jan.
105% Jan.
104% Jan.
114% Jan.
103 Jan.
97 Feb.
9714 Feb.
112 Jan.
105^8 Feb.
126 Jan.
111 Jan.
121 Feb.
101% Jan.
101 Jan.
IIOI4 Feb.
108% Feb.
72% Jan.
109 "ah.
74 a.
63 b. 61% Jan
113 14 110% Jan.
110 b, 10938 Jan.
con., 68, 1920. 110
8d,78, 1906
116 b. 11514b. 114% Jan.
Pac. of Mo.— Ist, ext.,48, 1938 99
9914a. 98% Jan.
2dmort.,7s, 1891
102isb. 10212b. 101 14 Jan
Mobile & Ohio—New, 68.1927
115% Jan.
1161a
General mort., 48, 1938
60
63 b. 57 14 Jan.
Mutual Un. Tel.— 8. f., 68, 1911 102 a.
101 Jan.
Nash. Oh. * Pt T,.— lot. 7.0. 1913 132%b. 132 h. 132id Jan.
.
SoTK—The letter "b"indioatesprio« bid, and
Keuns.
<
Ask.
do
1
1
'
Range
Mar. \\Feb. 28
93% Jan.
II414
114
132%b.
110 b.
137 b.
109%b.
132% Jan.
111% Feb.
137% Jan.
108% Jan.
99=8
95
& W.—3 00-year Ss 1990 95
115 a. 113%
North. Pac— Ist, coup., 6s, 1921 115%
113 a. 11414a. 112
General, 2d, coup., 1933
101%a. 110% 109 H
General, 3d, coup. 6s, 1937 .
North Pac.&Mon.— 1st, 68, 1938 104 ''8 108% 10414
No. Pac. Ter. Co.— Ist, 6a, 1933. 108 Ssb. 109
106
82 14
Ohio Ind. & West.— lat, 5s, rec. 8314b. 83%
Ohio & Miss.- Consol., 78, 1898. 115 b. 114^8
11 468
. . .
.
Ohio Soutnern- 1st, 6a, 1921 ...
2d, income, 6s, 1921
Omaha & St. L.— 1st, 4s, 1937..
Oregon Imp. Co.— 1st, 6s, 1910.
Ore. R. &Nav. Co.— lat, 63, 1909
Conaol., 53, 1925
Oregon & Transcon'l— 63, 1922.
Penn. Co.—4%8, coupon, 1921..
& Evans.— l8t,68, 1920
Peo. Dec.
Evanav. Div.- lat, 6a, 1920...
2d mort,, 5s, 1927
Phila. & Read.— Gen. 43, 1958..
1st pref. income 53, 1958
2d pref. Income 53, 1958
3d pref income 5s, 1958
Pittsb. & West.- 1st, g., 48, 1917
Rich. & All.— Ist, 78, Drexel cert.
2d mort., 6s, 1916, Drexel cert.
Rich. & Danv.— Con., 63, 1915
Consol. gold, 58, 1936
Rich.& W.P.Ter.—Trust 68, 1897
Con. Ist & col. trust, 58, 1914
.
.
,
108
1 08
52 %a. 49
75 %b. 73%
103
101%
109>4b. 110%
109
103
103% 10214
10614b. 106
103%
a.
49
75%b.
11014b. 10914b.
104
106
68
82
65
45
104
68
a.
84^8
46
38
80%b.
68 %b.
82
69%
3714b.
101
69
62
43%
36
80
90
a.
99% a.
b.
9914 a.
80%
b.
Mar.
Mar.
Jan.
Mar.
Jan.
Jan.
Feb.
Jan.
Mar.
Jan.
Jan.
Feb.
Jan.
Jau.
Jan.
Jau.
Jan.
Jau.
b.
Mar.
Mar.
Mar.
15%
88%
Feb.
Jan.
Feb.
Jan.
Jan.
99
77
70
Mar.
Mar.
Mar.
110
Jan.
68%
37
117
77
108%
Jan.
Jan.
80% Mar.
65%
71
Rio G. Western— 1st, 4s. ...1939 70%
R.W. &Ogd.— Con., ext,53, 1922 112 b. 112
St. Jos. & Gr. Isl.— Ist, 6s, 1925. 104 b.
b. Ill
St. L. Alt. & T. H.— 1st, 7s, 1894 Ill
2d, mort., pref., 78,
b.
101%
a.
a.
36%
91
Jan.
120 Jan.
100%b. 10C% Jau.
Mar.
Mar.
Mar.
104% Jan.
110% Jan.
108%b. 108%b. i07%Feo.
1894
86
St.L.Ark.&Tex.— l8t,6s,cxcoup.
b.
b.
86%
Mar.
24
25 a. 23% Mar.
2d, 68, 1936
St. L. & Iron Mt.— 1st, 78, 1892. 104%b. 10414b. 104
Feb.
2d mort, 7s, 1897
Cairo & Pulton— 1st, 78, 1891
Cairo Ark. & Tex.— lat,7s,1897
Gen. R'y & land gr., 5a, 1931
St. L. & San Fr.— 6a, CI. A, 1906
6s, Class B, 1906
68, Class C, 1906
109 b.
101 »8b.
104%b.
90%b.
113
108
b.
10114b.
104
90
b.
b.
8.
110
General mort., 6s, 1931
P. M. & M.— Dak.Ext., 6s, 1910 118
a.
b.
118%
Ist consol., 68, 1933
. .
. .
I
1
1
other prloai iJ
1
108% Jan.
100% Jan.
10258 Jan.
88 Jau.
11258b. II214 Feb.
112% 11258b. 112% Jan.
11214b. 112%
112% Jan.
. .
all
Lowest.
125% Jan.
96
ta > raaga are Iroji actual sales
1,
1890.
since Jan. 1.
109 b, 106% Jan.
104 b 103 14 Jan.
131 b. I3014 Jan.
112 b. 110 Mar.
N. Y. Out. & W.— 1st, 6s, 1914
110% 11314b, 11038
96%b. 97 a. 96
Consol. l8t, g. 58, 1939
N. Y. Sua. & W.— latref ., 58, 1937 97 b. 99 a. 97
117
117 a. 115
Midland of N. J.— Ist, 68, 1910
I
221a
pref.
'
.
.
185
21
15 14
IjEloGr. West..
110 a.
118 b.
116%b.
Do
reduced to 4%3 ... 101 b. 10l%b.
89 a.
Ext.
88%
Montana
Ist, 4s, 1937
8anA.&Aran.P.— lst,g.,6s,1916 84%b. 88%a.
87
88 a.
Ist, gold, 63 1926
Shen. Val.— Ist, 7s, 1909, Tr. rec. 118
52 b.
General 63, 1921, Trust rec... 53
99
60. Car.- 1st, 6s, 1920, ex coup.
9 a.
Income, 6s, 1931
117i4Jan. So. Pac., Ariz.— 1st, 6a, 1909-10. 106
99 Jan. So. Pac., Cal.— Ist, 6s, 1905-12..
103
101 b.
1st, consol., gold, 5s, 1 938
119 Jan.
107 b, 107 b.
118 Feb. So. Pac, N. M.— lat, 63, 1911
110% Feb. Tenn. C. I. & Ry .—Ten. D., 1st, 68 100%a. 101 a.
99 %b. 99%
Birm. Div., 1st, 68, 191 7
114% Mar.
9138
115% Feb. Tex. & Pac— 1st, gold, 58, 2000 91%
3858
38%
11138 Feb.
2d, gold, income, .">8, 2000
10614a.
106 Jan. Tol. A. A. & N. M.— Ist, 68, 1924
108 b.
110 Feb. Tol. A. A.& Gr. Tr.— 1st, 68, 1921
119 Feb. Tol. & Ohio Cent.- 1st, 58, 1935 103% 103 14
105 Jan. Tol. Peo. & West— l3t, 4s, 1917.. 76%b. 77 a.
104% Jan. Tol. St L. & Kan.C— l8t,6s,1916 100 a. 90 b.
117%b, 116%
101 Jan. Union Paclflc— 1st, 63, 1899
112%b. 116%b.
Sinking fund, 8s, 1893
113% Feb.
Kansas Pacitic— 1st, 68, 1895 110%
108% Jan.
lll%b.
128 Jan.
Ist, 6s, 1896
111
Denver Div.—68, 1899
Jan.
consol.,
116%b. 116%
I2314 Jan.
1st
68, 1919
113 a
104% Jan.
Oreg. ShortLine- l8t,63,1922 113
I0514 Jau. Or.S.L. &UtahN.— Cou.58,1919 93%
933eb
111% Feb. Union Eleva.— Ist, gu. 6s, 1937 107 b. 107
109% Mar. Virginia Mid.— Gen. m., 58, 1936 86 a.
89 a.
75% Feb.
stamped guar 87 14
do
66 Feb. Wabash— 1st gold, 5s, 1939... 103% 103 14
8OI4
II414 Mar.
80%
2d mort., gold, 5s, 1939
Ill Jan.
Debent M., series B, 1939.. 48 b. 48
115 Jan. West Shore— Guar., 4s
105% 105
101% Jan. West N. Y. & Pa.— l8t 5, 1937 94 %b. 94%b.
31 b. 31%
103 Mar.
2d mort, 3g., 5sc., 1927
116% Feb. West Un. TeE— Col. tr., 5s, 1938 99% 101
65% Jan. Wheel. & Lake E.— 1st. 58. 1926
IO214 Feb.
9838
Wis. Cent. Co.— 1st, g., 5s, 1937. 98%
133 .Tan.
Income. 5s. 1937
59%
57 a
"u" price Mktd;
<Sc8ara.
1
Na«li.Ch.&8t.L.— Con.58, 1928 109%b
N. Y. Central—Extend., 58, 1893 104 b,
N. Y. C. & H.— Ist, cp., 7s, 1 903 131
Deb'nt're, Sa, coup., '84, 1904 11114b.
N.Y.& Harlem— lst,78,reg., 1900
N. Y. Chic. & St. L.— 1st, 4s, 1937 96
114
N. Y. Elevated— 1st, 7s, 1906.
N. Y. Lack. & W.— let, Os, 1921. 133%
110
b
Consiruction, 58, 1023
N.Y. L.E. & W.— lst,con.78,1920
Long Dock, 78,1893
Consol. 68, 1935
101
2d consol. 6s, 1969
Norf
38%
S7
176
Eicli.&AlLtr.r.
j
Closing.
56
14
Jan.
Jan.
73% Jan.
110 Feb.
Mar. 100 Jan.
Jan 122 Jan.
124% Jan. 128 Feb.
110i4Jan. 112 Jan.
115 Jan. 116 Jan.
103 Jan. 103 Jan.
107% Jan. 110 Feb.
112 Jan. 116% Mar.
101% Jan. 102% Jan.
115% Jan. 118 Feb.
100 Mar. 101% Jan.
110 Jan. 113% Jan.
126 Jan. 127 Jan.
104 Feb. 105 Jan.
927g Feb.
95 Jan.
94 Feb.
92 Jan.
116% Feb. 118 Jau.
118 Feb. 121% Jan.
95 Feb. 100 Jau.
90% Jan. 94% Jan.
1245eJan. 127 Jan.
113% Mar. 114% Jau.
113 Jan. 117 Jau.
105% Jan. 108 Feb.
IO214 Jan. 102^8 Feb.
103 Jan. 103% Feb.
103 Mar. 105 Jan.
142 Fob. 144 Jan.
126 Mar. 127^8 Jan.
115% Jan. 117 Feb.
IO8I4 Jan. 110% Feb.
109 Jan. lll>4Feb.
105% Jan. 108% Feb.
99'8 Feb.
96 Jan.
91% Jan. 95 Feb.
12914 Jan. 131 Feb.
104% Jan. lOo's Feb.
100 Jan. 104 Feb.
120% Feb. 122% Jan.
92% Mar. 97 Jan.
132% Mar. 135 Feb.
II714 Feb. 119 Feb.
103% Jan. 108 Jan.
73 Mar. 79 Jan.
73 Mar. 77 Jan.
118% Jan. 119 Feb.
76% Jan. 79 Feb.
100 Jan. 100 Jau.
38 Jau.
36 Jan.
92 Jan.
93% Feb.
103% Jan. IO6I4 Feb.
108% Jan. 112 Mar.
95 Mar. 104 Jan.
103% Feb. 105% Jan.
9314 Feb.
94% Mar.
114 °» Jan. 120 Feb.
74% Jan. 77 14 Feb.
120 Jan. 121 Feb.
10034 Jan. 10214 Mar.
IO914 Jan. 112 Jan.
73 14 Jan.
77 Feb.
85 Jan. 100 Jan.
84 Jan.
85 Jan.
104 Jan. 105 Jan.
83 Jan.
87 Jan.
110 Feb. 112 Feb.
124 Jan. 126 Jan.
123% Jan. 125 Jan.
&W. pref
17
40
41
St.L.Alt.&T.H.
38
41
16i2
do.
pref. 110
125
jTol. & O. Cent.
50
do.
pref.
300
75
Tol.Peor. &W.
64
151a: 15%
155 lUtico&Bl.Rlv. 130 150
jVa.
Midland...
45>4 47
29
14
Oliio Southern.
40
Ontario Silver
Penn. Coal
280
63
Ph.Nat.GasCo.
Pitts. Ft. W.&C 153
25
Pitts. AW.tr.re
Railboao and Miscel. Bonds.
83% Mar.
54% Feb
Pitts.
N.Y.Lack.&W|*113ia
N.Y.N. H.&H. 248 251
N.Y.&Nor.pf. * 24
OhloInd.&W'n
6
8
25
do
pref.
18
1.
Bigheet.
Jan.
Feb.
Jan.
N.Y.& Harlem 250
STOCK EXCHANGE. ANB BANeE SINCE JAN.
N. Y.
Lowetl.
12 b. 12
Atl. & Pac.— W. D. inc., 68, 1910
7138b. 70%
Guar., 48, 1937
JV?'^- 109
lOgia
b. 107
Can South.— let guar., 58, 1908
96 b. 99isb. 97
2d,58,1913
b.
120
120
b.
121
Ceatralof N. J.-C0U8.73, 1899.
Convert, 7s. 1902
10
15
do.
pre'87
91
Mary'd. Coal..
141s 16
Mil w. & North.
45
55
Minn. <&St. L.
5V
pref.
12>4 14
do
Morria & Essex '149»8
Range since Jan,
Closing,
BAILROAI) and MI8CEL. BONUS.
5»8
,
3
7
LAI EST PRICES OF ACTITE
Denver&KioGr.— Ist, 78,
do.
Man. Beacli...
Mar.H.& Oiit'n
'
|Keok.<ScDesM.
16
17
60
.
I
'
,
14
15
55
pref. 108
Kings. APeuib,
Laclede Ga«.
IjMahou'gC. E'y
j
'
157
81
25
Bid.
I
7
as
20
5
18
Dob M.&F.O.pf
Eliz.Lex.&B.S,
16
Buff.R.&Pitts.
do.
0esM.&Ft.D.'
170
Ask.
Bid.
I
Alb'ny&Susq. 160
Bell. &So. III. i>r 100
IO914 Fob.
117^8 Feb.
115% Jan.
100 Feb.
86% Jan.
85 Jan.
85% Jau.
113% Jan.
48 Jan.
96 Jau.
7% Jan.
105% Feb.
115 Jan.
101% Jan.
107 Jan.
97 Jau.
98% Jan.
9058 Jan.
37% Feb.
105 Jan.
107 Jan.
102 Jau.
76 Jan.
98 Feb.
115 Jan.
112% Mar.
Highest.
109
104
Jan.
Jau.
13II4 Feb.
112 Feb.
12778 Jan.
97 Jan.
115 Jan.
134% Feb.
111% Feb.
139% Jan.
110 Feb.
122% Jan.
102% Jan.
113% Feb.
98 Jan.
99 Jan.
118 Feb.
96 Feb.
115% Mar.
114% Feb.
111 Jan.
108% Feb.
109 Feb.
84% Feb.
115 Jan.
10978 Jan.
55 Jan.
76% Jan.
104 Jan.
113 Jan.
104 Feb.
IO6I4 Feb.
110
104
106
Mar.
Feb.
Feb.
72% Jan
87
Jau
80%
54%
Jan.
Jan.
Jan.
82% Jan.
70% Feb.
40 Jan.
117 Jan.
9I14 Feb.
103 Jan.
81 14 Feb.
73 Jan.
112 Feb.
106 Feb.
111 Feb.
111 Jan.
91 Jan.
29 Jan.
108 Jan.
109 14 Feb.
101% Feb.
105 Jan.
91% Feb.
Jan.
II314 Jan.
1 13
Jan.
112 Jan.
118% Jan.
120 Jan.
102% Feb.
89% Jan.
87% Feb.
89 Feb.
49
U3
119% Mar.
55
99
9
107
115
103
Mar.
Feb.
Jan.
Jan.
Jan.
Mar.
107% Jan.
104% Jan.
103% Jan.
9278 Feb.
4078 Feb.
107% Jan.
110% Jan.
103% Feb.
77 Feb.
Jan.
11678 Mar.
116% Feb.
110% Mar. 112 Jan.
110 Jan. 113% Mar.
113 Jan. 117% Mar.
11458 Jan. 117 Feb.
101
112% Mar. 116i4Jan.
93%
107
Feb.
95 14 Jan.
Mar.
108% Jan.
85%
Feb.
87
Mar.
102
Jan.
8014 Feb.
48 Feb.
104 14 Jan.
9214 Jan.
29 Jan.
99
105
87%
88%
Feb.
Jan.
103% Jan.
86% Jan.
53
Jan.
105% Feb.
95% Feb.
33%
Feb.
Mar. 102% Jan.
Jan.
9678 Jan.
55% Mar.
105% Jan.
99
69
Jan.
Jan.
March
8, 1890.
TOE CHRONICLE.
|
346
BONDS-STOCK EXCHANGE ^DOTATIONS ON FRIDAY OP THE LESS ACTIVE RAILROAD BONDS
Bid.
SECURITIES.
Railroad Koiids.
(Slock Exchanot Pricet.)
AtlaDtic & Danv.— l»t g., 68.. 1917
Atl. & Pac— 2d W. I)., Ril. Ob,. 1907
Bait. & Ohio— l8t, Gs, Park B.1919
98% 101
1925 107
1988 110
91
19a6
Beech Creek— l8t, «old, 48
99 101
Bost. H. Tun. & W.— Deb. 58.1913
Brooklyn Elev.—l8t, g., 68... 1924 H2ia lis
1915
2d, 3-58
95 Hi
Bnft. Koch. & Pitts.— Oen., 58.1937
1921
Koch. APitts.— l8t, 68
118
do
Consolidafdl8t,6s.l922 116
97V
Burl Ced. Rap. & No.— l8t, 58.1906
90
921s
Consol. & coUat. tru8t, 58. 1934
Minn. & St. L.— l8t, 78, gu..l927 "100
Iowa C. & We8t.— l8t,78....1909 90
90
Ced. Rap. I. F. & N., l8t, 68.1920
1921
l8t, 58
Central Ohio Rcor.— l8t, 4i2S.1930 100
95 100
Cent. RR. & Bank.— Col.g.,58. 1937
94
901a
Sav.A Wpst.— l8tcon. K.,58,.l929
Cent, or N. J.— Conv. deb., 6s. 1908 119
112is
Central Paeiflc— Gold bd8.,68.1895
Gold iHindH, 6s
1396 113«B
Gold bonds, 68
1897 115%
Ban Joaquin Br., 68
1900 112%
Cal. & Oregon—Ser. B. 6s. .1892 100
Mort. gold 5s
1939 1031a 1041s
West. Paciflo— Bonds, 68. .1899 114
No. Railway (Cal.)— 1st, 6s. 1907
Ches. & O.—Pur. M. fund, 68.1898 lis
6s, gold, series A
1908 118 1191a
82I2
80
Ches. O. & So. West.- 2d, 6s. .1911
Chicago & Alton— 1st, 73
1893 lOS^e
12II4
123
Sinking fund, 6s
1903
119
Louis. & Mo. River— 1st, 7s.l900 118
2d, 7s
1900 118
(told,
58
. .
.
. .
& Chic- l8t,78.1894
Bt. L. Jacks.
l8t, guar. (.^64),
112
78
1894 112
2d mort. (360), 7s
1898 '115
2d, guar. (188), 78
1898
Miss.R. Bridge— Ist, 8. t., 63.1912 107
Chic. Burl. & Nor.— Deb. 6s... 1896
Chic. Burling. & Q.—5s, s. f..l901 107 14
Iowa Div.—Sink, fund, 58. .1919
Sinking fund, 48
1919 97
89=8
Plain, 4s
1921
Chic. & Indiana Coal— Ist 58.1936
Chicago Milwaukee
D
981a
90ie
98
& St. Paul
1898 12438
1st, 8s, P.
2d, 7 3-108, P.
D
1898 116 118
1st, 78, $ g., R. D
1902 122
Ist, La Ci-osse Division, 7s. 1893 110% llUs
l8t, I. & M., 78
1897 116 11614
l8t, L & D., 78
1899 118 121
1st, CAM., 78
1903 124
Ist,
Ist,
1st,
iBt,
&
D, Extension, 78
LaC. &Dav., 5s
H. & D., 7s
B. & D., 5s
I.
. . .
125
103
1J2
1908
1919
1910
1910
lO^ia 104
Chicago & Paciflo Div., 6s. .1910 116
Mineral Point Div. 5s
1910 102 <s
C. & L. Sup. Div., 58
1921 101 la
Fargo & South., 68, A8su...l924
Inc. conv. sink, fund, 58
1916
Dakota &
1916
1989
Gt. South., 5s
Gen. mort. e. 48, ser. A
Chicago & NorthwesternEsc.
&L. S.— Ist,
1901
DCS M. & Minn.— Ist, 7s
1907
Iowa Midland— Ist, 8s
1900
Peninsula— Ist, conv., 78... 1898
Clilc. & Milwaukee— Ist, 7s. 1898
Win. &St. P.—2d, 78
1907
MU. & Mad.— 1st, 68
1905
Ott. C. F. & St. P.— 1st, 5s.. 1909
Northern 111.— Ist, 58
1910
Chicago Rock Island & Pacific—
Des Moines &Ft. D.— Ist, 4a.l905
Ist, 2128
1905
Exten.sion, 4s
1905
68
100
951a
11314
120
119
115
108
& D.—Con. 8. f.,
78.1905
125
2d, gold, 412.S
1937
Cin. I. St. L.& Chic— l8t,g.,4s.l936
99
Consol., 6s
1920
Cin. Jack. &
1st, g., 58.1936
70
C. O.C. & St. L., Cairo div.— 4s, 1939
CI.C0I. Cin. & lud.— l8t, 7s,8.f.l899 121
122
Consol. sink, fund, 7s
1914
Cleve. <fe Mah. V.— Gold, 5s... 1938 107
Colorado Midland— 1st, g., 68.1936 1051a 108
Colambia & Green.— 1st, 63
1916 100
2d, 68
1926 80
Mac—
. .
& an. Midland— Ist, 68.1914 91 14
Del. Lack. & W.—Convert. 73,1892 107
Col.
Mortgage 7s
Bing^& N. Y.— Ist,
Morris & Essex— Ist, 7a
Byro.
1 907
1914
1891
1900
1901
1915
2d, 78
Bonds, 78
78 of 1871
Ist, con., guar.,
Del.
78
* Hud. Canal—l8t, 78.
Ist, extension,
.
.1891
1451s 1461s
1041a 104%
120
i's'i'
143
Dnl, & Iron Range— Ist, 5s. ..1937 IOOI9
B. Tenn. Va. & Ga.-l8t, 7s... 1900 1181s 1191s
Dlviaional
f>8
Ist ext.. gold. 5b
*K4> pr\ce
1930 108
1937
I^day; tbeae
we
Northern Foclflo— (Continued)—
CoBur d' Aleu '— 1st, Os, gold .1916
92
114
107i«109
106
120
New River, Ist, 68
1932 116iall8i«
Imp. & Ext., 68
1934 1081a,
Adjustment M., 7s
1924 109
Equipment, 58
1908
Clinch Val. IstSs
1957
Ogd. & Lake Ch.— 1st con. 68.. 1920 1031a
Ohiolnd.&Weat.- Ist pref.5s,1038 8314 83ia
Beorgan. rcc.,2d, 58
1938 521a 66
Ohio & Miss.- Cons., 8.F., 7s. .1898 115
1911 l22^:
2d consol. 7s
Bprlngfleld Div.- Ist 78
1906 11218
1932
General 58
Ohio River RR.— Ist, 6s
1936 100
General mort,, gold, 68
1937 90
Ohio H(..— Gc3. m.,g., 4s
1921
64
Oregon & California— Ist, 5s. 1927
C<EUrd'A]enp.gen.lBt,g.,6s. 19,38
Cent.Washlnglon— I8t,g.,0s.l938
Norfolk (Si West.— General, 6«.1931
1191a
96"
I
lis
2d, extended, .'58
110
3d, extended, 1^8
115
4th, extended, 58
103
5th, extended, 48
137
1st, cons., fd. coup., 7s
•105
Roorg.. 1st lien, Os
B. N. Y.
l8t, 7a
1391s
N. Y. L. E. & W.— Col. tr.,6s.l922 105
Funded coup., Ss
1969 88
Income, 63
1977
Buff. & S. W.— Mortg. 68.... 1908 100
Jefferson- Ist, gu. g. 58 ....1909 105
Eureka Springs R'y— lat,68.g.l983
Evan. & T. U.— lat, cons., 68.1921 116 120
Mt. Vernon— lat Os
1923 112 116
Evans. & Indian.— lat, cons.. 1926
Flint & P. Marq.— Mort. 68. . . 1920 I2II3
Pennaylvauia HR.—
1st con. gold, 5s
Pitt8.C. & St.L.- lat, cp., 7s. 1900 118
1939 'IO314 105
Fla. Cen. iPon.— latg. 58.. ..1918
Pitta. Ft. W. & C.-l8t, 78...1912
Gal. Har. & San Ant.— 1st, 66.1910 102
2d, 7s
1912
2d mort., 78
190S 95
3d, 78
1912 138 142
West. Div., 2d 6s
1931
Clev. & P.—Cons., s. fd., 78.1900 128
129
9913
95
{1041«
Ga. So. & Fla.-lst, g. 68
4th. sink, fund, 6s
1 892 104
1927
93
Grand Rap. & Ind.— Gen. 5s.. 1924
8t.L. V. *T. H.— 1st, gu., 7s. 1897 •113ia,lUi«
83
Green B. W. & St, P.— Ist 6s.. 1911
2d, 78
1898
2314
2d income, 1st suba. paid
2d, guar., 7a
1898 109
&E.—
I
,
1937 107
Housatonic— Cons, gold 5s
N.
Haven & Derby,
107% Peoria & Pek. Ulon— 1st,
Cona.58..1918
112
H0U8.& Tex.€.— Ist, m. 1. 78.Tr.rec.
West Div. 78,Truat reccipt8.1891
l8tWaco& Nor.— 78
1901 105
2d m.Sa.M. 1. Trust receipts. 1913 120 122
75
78
Gen. mort.68,Tru8t receipts. 1925
Illinois Central— Ist, g., 48 ...1951 106 14
92
Ist, gold, 3123
1951
Spririgf. Div.— Coup., 68.... 1898 ill
Middle Div.—Reg., 58
1921 115
C. St. L. & N. O.—Ten. L, 78.1897 118
1st, consol., 78
1897 118%
1907 118
2d, 68
Gold, 58, coupon
1951 115
1951
Memp Div., Istg. 48
& 8. C— 2d Div., 78 ...1894
& Minn.— lat, 78.. 1907
Ind.Bloom.&W.— 1st, prcf.78.1900
Ind. D. & Spr.— Ist 78, ex. op. 1906
Ind. Dec. & West- M. 58.... 1947
Dub.
96%
108
2dM., inc58
1948
Kan. C.Wyan.&N.W.— 1st, 58.1938
L. 8h. & M. 80.— C. P.&A.—78.1892
Buff. & Er.— New bonds, 78.1898
Det. M. &T.-l8t, 7s
1906
Lake Shore— Div. bonds, 78. 1899
Mahon'g Coal RR.— Ist, 58.1934
Litchf. Car.& West.— 1st 6s. g. 1910
Long Island- Ist, 7s
1898
N. Y. & R'way B.— Ist, g. 5s. 1927
2d mortg., inc
1927
N. Y. & M. Beach— 1st, 78.. 1897
N. Y. B. & M. B.— l8t, g., 58.1935
Brooklyn & Mont.— lat, 6s. .1911
1st, 5s
1911
Smithtown&Pt.Jeff.— l3t,78 1901
Louia.& Nash.— Cecil. Br, 78.1907
Penaacola Division, Oa
1920
St. Louis Division, lat, 6s... 1921
2d, 38
1980
Nashv. & Decatur— lat, 78. .1900
8. f.,6s.— S. &N. Ala.
1910
10^0, gold, 6s
1924
1171a
lOOis
Painsv.
Pitts.
30
1211a
124
98
1201a
95
31
58...1916
98
Pitts. Y. & Ash.- Conaol. 5s. .1927
Preac't & Ariz. Cent. Ist, 6s,g.l916
2d income, 68
Rich.
1916
& Danv.—Debenture 6s. 1927 103
Equip. M.
8. f., g.,
87
38
Kan. C. & Omaha— Ist, 58.. 1927
82
Louis Alton & Terre Haute—
2d mort., income, 78
1894 1041a
55
Dividend bonds
1894
38%
Bellev. & So. lU.— Ist, 88. ..1896 II718
Bellev. & Car.— l8t, 6s
1923 106
99 100
Chl.8t.L.&Pad.— l8t,gd.g.58 1917
79
St, I^uls 80.— Ist, Kd. g. 48.1931
84
do
2d income, 5s. 1931 40
& Shawt.— Ist g. 48. .1932
& Chic—1st, con. 6s. 1927
& M.—Ark. Br.,lst, 78.1895
& San Francisco-
Car.
'111
107
106% 108%
1121a
64
82"'
. .
St. Louis
St. L.
I.
St. Louis
1071a
1895 101 la
Equipment, 78
General 58
1931
Ist, trust, gold, 5s
1987
Kan. City
8.— Ist, 68, g...l916
Ft. S.
V. B. Bg.— l8t, 6s. ..1910
St, L. K.
80.
1st, 6s. . .1916
Kansas Mid'd.- Ist, g. 4a... 1937
St, Paul
Duluth— l8t, 58. . . .1931
&
106
& F.— 1st,
107
St.
109
130
123
no's
58
1909
AtL & Char.— lat, pref ., 78 ..) 897 105
do.
Income, 68
1900
971a Rome Wat. & Og.— lat M., 78.1891 104>s
St. Jos. ds Gr. Is.- 2d inc
1925 30
78
Ced. FaUs
Os ..1921
65
2d mortg., 4ia8
1921
37
& Read.— 3d pref. convert
Pine Creek Railway—Oa
1932
Pitts. Cleve. & Tol.— Ist, 63... 1922
Pitts. Junction— Ist 68
1922
Pitts. Mc K. & Y.— I8t6s
1932 116
Phlla.
&
&
98
Wn.—
&
2d mortgage 58
Paul Minn & M.— Ist,
2d mort., 6s
St.
109
1917 105
111
1909 119
1922
78.. 1909
118% 121
106
111%
Minneap. Union- Ist, 6a
Mont, Cen.— 1st, guar., 68. .1937 11412
*106ia
East. Minn., Ist div. Ist 58.1908 101
Pens. & At.- 1st, Oa, gold. ..1921 * 108 la 109% San Fran. & N. P.— Ist, g., 5s.l919
99 101
So.
Ala.— v,'on. 5s
1936
Shenandoah Valley- Inc., 68.1923 20
25
Nash. Flor. & S. 1st gu. 58.,1937
102% Sodua Bay & 80.— lat, 58, g...l924
105
Lou. N. O. & Tex.— iBt, 48. ...1934
South
89
Carolina -2d, 68
1931
50
2d mort., 58
80. Pac Coaat— Ist, guar., 48. 1937
1934 40
Memphis <fe Charl.— Oa, gold.. 1924
Texas Central— ist, 8. f., 78. ..1909
56
Mexican National— lat, g., 6S.1927 97
99
1st mortgage, 7s
1911
62
2d, income, 68, "A"
55
Texas <SiNew Orleans— l8t,78. 1905
1917 50
2d, income, 68, "B"
10
15
Sabine Division, lat, 6s
1917
1912 102
Michigan Central— 68
121
Tex. & Pac, E. Div.- Ist, 68.1905 107
1909
Coupon, 58
Third Avenue (N.Y).— 1st 58, 1937 112 112>»
..1931 115
Mortgage 4a
Tol. A. A. & Cad.—Os
1940 110
1917 103
Tol. A. A. & Mt Pi.—63
Jack. Lan. & Sag.— 68
1919
1891 *101
119
Union Paeiflc— Ist, 68
Mil.L.S.&W.-Mich.Div.l8t,68.1924 117
1896
114
Ashland Division- 1st, 6s ..1925 *116l3
lat, 68
1897 1141a,
103 105
Incomes
1898 llS's
1st 68
Collateral Trust Os
Minneaimlis & St. Louis.
1908 1071a
90
Collateral Trust 58
98
lowaExten., Ist, 7s
1907
1909 87
Collateral Truat, 4198
1918
Ist, g. 7a
1927 106
90
55
C. Br. U. P.— F. c, 78
2d mortg., 7s
1891
1895
Atch. Col. & Pac— lat 68...1905
Southwest Ext.— Ist, 78
1910
95
951s
Atoh. J. Co. & W.— 1st 6S...1905
Pacific Ext.— Ist, 68
1921
95
D.P. Lin. & CoL— Istg., 58. 1918 102
Irapr. & equipment, Os
1922
Utah Southern—Gen., 78 ..1909 114
Minn. & Pac— lat mortg., 58.1936
Exten., lat 78
Minn.S. Ste. M. & Atl.— Ist, 58.1926
1909 1121s 114
Utah & North.— Ist 78
Miaaouri Pacific— Trust 5s... 1917
96
1908 115
116
Gold,5s
Mobile & Ohio— lat ext., 68... 1927
1926 100
Valley E'y Co. of O.—Con. 68.1921 103
72
104
1st prof, debentures
45
Wabash— Deb. M., series "A". 1939
2d pref. debentures
8tL.K.C.&N.—K.E.ARR. 78.1895 1091a
St. L. & Cairo
Is, guar
80
82
1931
Morgan's La. & T.— 1st, 6s.. ..1920 116
StChariesBr'ge- l8t63. .1908
112
No. Miaaouri— lat, 78
Ist, 78
1895 115 1161s1018 127
Nash. Chat. & St. L.— 2d, 63. .1901
68.1911
108
1131a West Va. C. & Pitts.- Ist
New Orleans & Gulf— 1st, 6s .1926
iniscellaiieoua Bonds.
N. O. <Jt. No. E.— Pr. 1., g., 6s.. 1915
Am. Water W. Co.— Ist 6s.... 1907
110
N. J. Junction— Guar. 1st, 4s. 1986
1907
1st con., gold, 53
N. Y. N. H. & H.— lat, reg. 48.1903
Boston Un. Gas— Tr. oer. 58. .1939 *..
92U
N. Y. & Northern— 1st, g.. 58.1927 111
112% Cahaba Coal Min.— Ist g. 7s. 1907 110
• ••%•
2d, 48
1927 54
Col. & Hock. Coal&L— 08,g..l917
96
56
N. Y. Susq. & West.-Deb. 68.1897
Consol'n Coal— Convert. 6s. ..1897 102
2d, 4ia8
Equitable G. & F.— 1st 6s
1905
1937 73
Norf. & W. Clinch Val.— 58...1957
Hackensaok Water— Ist. 5s.. 1926 104
North'n Paolflc— Divid'dsorip ext.l 1061a
Henderson Bridge Istg. 6a. 1931 1081a
80
James River Val.— lat, 68. 1936
Iron Steamboat Co.—Os
1901
Spokane & Pal.— Ist, 68
Northwesteru Telegraph— 78, 1904 1021a
1936 1061a 110
St. Paul & N. P.— Gen., 6s..l923 117
120
People's OaaA Coke / lstg.0s,1904
Helena&RedM'n— l3t,g.,6s.l937! 97
Co., Chicago
i 2d g. 6s,1904
Duluth&Manltoba— l»t,g.08l930
108 19 Philadelphia Co.— 1st a. t. 08.1898
Dul.&Mau.Dak.Div.— lHt68.1937l
I107I9 West. Tel.. Union— 78. 1875-1900 118
.
78
1891 1071s
1894 lUTg 11514
Pa. Div., coup., 78
1917 142
Albany & Suaq.- lst,gu.,78.1906 130 134
Ist, cons., guar., 68
1906 123% 1251a
Kens. & Sar.— lat, coup., 78.1921 148
149
Denv & R. G.— Imp.,g., 58... 1928
821a
Coupon, 78
90
Bid.
.
136
141
103
1897
1919
1923
1920
1928
1920
1908
1916
8BCUBITIE8.
—
130%
7s. 1906
68... 1918
89
Ask.
&N
110
109
82
56
82
Keokuk & Des M.— Ist, 53. .1923 103
Chic. & St. Loul8— Ist, 6s
1915
Chic. St. P. & Kan. City— 5s.. 1936
Minn. & N. W.— 1st, g., 58..1934
Chic. St. P. & Minn.— Ist, 6s.. .1918 124
1251s
St Paul & S. C— 1st, 6s
1919 124Tb
Chic. & W. Ind.— l8t, 8. f., 68.1919 113
General mortgage, 6s
1932 118
Cin Ham.
Bid
E. Tenn. Va. & Ga.— (Continued)
Kq. & Imp., g., 58
1938
Mobile & Birm.— lal, g., 5s.. 1937
Alabama Central— lat
Erie— Ist, extended, 78
121'4
88, gold
Con8. morL,
BECURITIES.
Ask.
the Uteflt quotationa
—
. .
.
made
this
week.
THE CllROXICLK.
346
New YorkCltj Bank Statement for
Banks.
Cavital.
Surpluj.
Loam
$
«
«
(00» omitted.)
Bknkof XewYork...
Kanhatun Oo
Merchauts*.
3,000,0
2.050,0
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
1,000,0
300,0
600,0
...... ....
He«hatiica'
America
Phenlx
Otty„
Traitesmen's.. ........
Chemical
Merchants' Exoh'nge
eallatlQ
NaUonal
300.0
200,0
200,0
600,0
300,0
GrAenwich
Leather Mannfaot'rs.
Seventh National
tateof New York...
American Exchange..
Commerce
1,200,0
5,000,0
5,000,0
1,000,0
1,000,0
422,7
1,500,0
450,0
Mercantile.
Paolflo
BepnbUo
1,30(1,1
10,20.">,0
S-'S.!'
7.89.',0
1.773,0
1,782,0
9,284,0
11,041.4
661.(1
4,731.>i
9080
10,721.1
3.917,3
•2.047,3
270,>6,687,(1
200,0
700,0
Peoples'
North America.
Hanover
1,000,0
500,0
600,0
600.0
750,0
500,0
600,0
Citizens'
Nassan
Market *Fnl ton....
Bt. Nicholas
fihoe <fc Leather
Corn Exchange
1,000,0
1,000,0
300,0
1 ,500.0
OontlnentaL
Importers' * Traders
Park
North River
Nintli > ational
Krai National
Third National
N. Y. Nat'l Bichangi
Bowery
New York County...
Oermau- A merlcan. .
Chase National... .,
Avenae
German Exchange..
Fifth
Oeimauia
Unltei! States
earflelrt
248.3
3.054.(1
499.0
l,i:'.o,()
6,608.3
4.394.6
881i,U
2,19,1.9
147,5
S,P00,8
4,917.6
Bakkb.
"
1,25'2,0
2.744.8
16,479.0
12,287.7
4,117,8
8.692.6
3.020.3
12,412,9
6,216,8
2.9.i9,6
4.719.8
16,121,8
3,180.0
2,784,7
3,118,4
4,468,7
1,710,6
3,5:(8.0
6,624,9
4,938,3
2.027.3
2'2,063.2
24,3111,1
1,048,0
17,2l>7,7
7,4(10,(1
784,0
4,28.^5
788,0
81,0
325,0
917,8
1.86:i.3
504
7,691,0
6.011,0
6.073,1
21,759.4
8.470,8
1,472,0
2,876,0
2,894,5
2,573.9
4,883.4
3.075.5
'2o;,o
1,413,1
1,181,0
1.22,i,l
342,9
548,0
2,176,8
1,130,7
92,5
190.0
190.5
159,0
681,11
'2,734.8
1,039,1
ll,7.'i7,7
174,0
618,8
346,6
4.68^.4
3.41:1,4
263,5
35H,3
218,1
238.1
236,0
722,0
304.5
107,5
3,021,9
5,967,3
3,488,n
3,812.3
1,960,3
4,941,3
2,189.0
4.749,0
9,072,6
4,029,0
7 S7 R'jnp 4.10 710.9 79.847.2 27.171.8
418,619,2
296,'i
3.082.li
1,6"».7
4,319,1
300,0
74,9
711.8
618,7
408,0
913.4
318.0
64K.O
2,652,6
919,8
2,107,0
4,004.0
9.4:^4.1
3,987,0
Lt-gais.
Specie.
$
"
9,'239.1
35,132,3
34,591.8
21...
'.(
1
'oi
Q'
^-^.
96,313.0
66,-206.0
ion
o..
nl
I
762,925,7
754,146,1
679.961.1
5.183.8 130, 703.6 2,604.3
6.219.9 I'iS, 749,3 '2,624.8
6,150,2 126, 206.7 3,652,2
93.053.6
76,726.5
93,031,4
Ask
America
209
BANJiS.
218
16S
98
310
Bntchs'&Ii.-. ;90
Central
115
160
Chase
StO
Chatham
62 7
Caiemlcal
440C 5o6o
ClUicns'....
Lincoln
Exch... 181
Aslmry Park
Bowery
275
Brouitway...
H921., 3(-0
Ask.
316
fiallatln
f'OTl'TTiPr*'H.
Oommerclal,
Continental
J:.xcll...
181
600
!200
mo
110
105
Manhattan... 190
Market* Ful 215
Mechanics'.. 216
112
110
M'ch8'.feTr8'.
East River.. 165
BoBton and PhJia.
BANKS.
New York...
Bid
225
245
155
175
North River. 146
215
Pacillo
175
Park
285
Pejople's
230
Phenlx
140
Produce Ex. 110
Republic
188
140
Second
325
Seventh
120
I'JU
Fifth Ave....
l'.:00
Merch'tsEx.
State of N.Y. 112
r2(l
130
FlMt
2000
Metioiiolitan
Metropolis... 325
,Mt. Morris .. 310
8
Third
180
Tradesmen's. 82
215
1165
Connecticut
iMurniv
MNasdan
Hill.
169
187
143
118
132
250
170
Wtistern
*
West
200
Side..
175
97
134
87
97
o..
Ist mort.,
Br'dwar
fc
.
I...
.
.
—OIK.
7s., 1900
7ihAv.-St'k..
lat mort., 6s, iP04
id miirt 6s, 1914
B'way Suifuce bds...l824
,
Boi.d?
l^Uflr., 5h,
1906
Broolibu City— Stock
1st mort., 6s, 1902
Istmort., 7i', 19(8
OoMtral t-'rcsslcwn— SL'k..
Ist mort., 6s, 1922.......
Cent, P1..N.& K.Rlv.-Stk.
Consols. 7h, 1902
Clhrist'lih'r&loth St.-Stk.
Bonds, 7s, 1898
Bry iJk.E.B.i Bat'y— Stk
Tal I....W..
7..,
]*j9S
D.D E,B. *B.— Scrip 6»..
glBlith A v.— Stock
i!.)!.'hihAv.— Srrlp,0s,1914
42ii
Gr'nrt St. !• 'ry— Stk.
&
1893
Manli.* St.N.Ave.
Istmoit., 88, 1910
2dtuort., income, 6a
.
Hou8t,W.St.<t i>,* 'y-Stk.
Istmort, 7s, 18ui
Ave
Ninth
Second Ave.— Stock
let mort., 5s, 1910
Slxih Ave.— Stock
Ist moit., 7»,
42d
St.
1st uioiL, 78,
U90
Third Ave.— Stock
Bonds, 6s, 1937
Twentvililrd St.— Stock.
iBtmort., 7s, 18'J3
Iflfi
,
200
108
40
A New Eng., pref..
1(9
105
104
105
186
110
110
Atch.
1(15
233
)06
245
260
107
273
109
66
60
ii't
llOV) ...•••
35 >4
IDS
A
......
I23i«
116
122
Connecting—68
ISO =8
116
121
105
1U4
Del.ABd.B.-lst,78, 1905.
Eaaton
Elmira
A Amboy.— M. fla.
A Wilm.-lst, 6s..
Harris. P. M't J.AL.—48.
Hnnt'nA B. T.— l8t,78..
2d mortg., 78
Consol. M., 6«
.....*
103 >t
Leh.V.-l8t, 6s,C.A ll.,'98 *117
137
2d, 78, reg., 1910
189
Cons. 6s. t'. A R., 1928..
•116
83141.
5434'.
Phila.
134
122
lllHi
107 >>
102
58, '18
88
Philadel.
A
2d, 7s, C.
92
98
62
Il5i«
*102i2 102
'g
Read.— l»t, 68 120
A
R., 1898....
IIII9
Cons., 7s, couj)., 1911...
Cons., 68, g., I.R.C.1911
Imp., 6s, g., coup.. 1897.
Con. 58.,lst ser.,8t'mp'd
93"'
1
AErle— Gcn.Bs....'
General mortg. 48
120
108
Exempt, 68
Plain 48, 1910
Chic. Burl.ANorth.l8t 58.
2d 68^11-18
....
130H»
1
A Topeka— Gen., 4s
A Mo. R. in Neu.—
Non exempt,
117=4
•iof'a
2d series 5s, 1918
Pa.AN,Y.Can.-6«cp.'10,
I
Income, 58
Earl.
131>a
ChlcA West Mich. gen.5s
Oonsol. of Ver.uont 5s-.i 88lj
Deferred Incomes, coupi
Current Riv.-lst,5s,1927, 100
Phll.W. A Bait.—Tr. c, 48
104
Det. Lans. A No.-M 78.1
Pitts. Cin. A St. L,— 7s,cp.]
Eastern. .Mass.— 68, 1906,
Poughkeepsie Bridge— 6s
Freem.Elk.AM v.— lst,68 12112 123 .Schuyl. R. E. S.— Ist, 68..
123
Unstamiied Ist, 6s
Steuben. A Ind.lstm. Ss.
K. C. Ft. Scott
Mem., 68 >ii6"
(United N. J.— G. 6s, 1901
99 'f Warren A Frank.— 1st, 78
K.C. Memph.
Blrni— 6b '121"
Kan. Clt.Ht. Jo.AC. B.— 7b
West Cbest'r— Con. 7s, '9
West Jersey— 1st M.,7e..
K. City Clin. A Spr'd.— 58
W. Jersey A Atl.— lat, ds
Little R.
Ft. Sm.— 7»... 100
Loui8V.Ev.A8t.L.— Ist, 68 109
West Penn.- Pitts. 3r., 68 Ill
—
116^
A
A
I
A
8C
BALTIItlOKE.
82
Mar. H. A Ont.— 1925, 68.
'ioi"
1923, 68
69>9
Mexican Cen —4s., 1 91 1 .
36 "5
Ist con. inc., 3s, 1939
21
2d con. iuc 3s, 1939
N. Y. A N. Eng.— Ist, 7b. 126
116%
1st mort., 68
2d mo!t., 6s
2d mort., saaled, 38
Cons.. 68 '101 Hi
OKilens. & L.
Rutland— IbL 68, 1902....
RAILROAD STOCKS
A Ohio
103"
t
Baltimore
1st pref
—
2d pref
3534
22
Central Ohio
Preferred
A Augusta....
RAILROAD BONDS
Atlanta A Char.- 1st, 7a.
Income, 6a
_Bait. A Ohlo-4a, 1935.
Cape Fear A Taa.— Ist.es
Cent. Ohio— 68, 1890
Char. Col. A Aug.— Isr, 7a
Cin. Wash. A Bait.— lata.
Cliail. Col.
Western Maryland
103
10513
C—
112
ioi"
1898
961,
Wiscon. Cent.— Ist M., os
56"4
Income, 5a
2d,
,58,
>
PHILADELPHIA.
RAILROAD STOCKS
I2OS4
107
102
ig
103ii
2d, 5s
canulon A Atlantic, pref.
8d, 3s
351J
58
1st Inc., 59, 1931
Catawissa Ist pref
55
Seab'dARou'ke— 6s, 1926
East Peuiisylvania
West. Md., 3d guar., 68..
Elmira A williaiusport...
WU. Col. AAng.,68,1910.
Preferred
* Laat price this week.
t Per ahare.
3a
N. Y. and Brooklyn Gas Secnrities- -Brokers' Quotations.
Bid. Ask.
GAS COMPANIES.
GAS COMPANIES.
Bid.
Ask
|
111
A
I
88
42
,
,
b. Pac. Lai-d Grant...
22
Miss. Val
N. V. V.-.S.A Bull
/N. Y. a Oreen'd Lake, 1st
ad mort
In.Y. Loan A Imrr
N. Pac. P. d'Oreille Liiv..
17
25
18
30
45
17
SO
33
Newp. N. A
;'|
17
37 13
6
Missouri Divis
1* jOllio
Do., picf
Gl.jLii.Kia ±'*o
14
•1414
11212 113
81"8 82
5s
Income 6s
ot N nhern Pref
111. qoal A Coke
,.OWK,. ^ l\i.ir.
,
.<
*
i.iiiLicui4j;ii
actual wulea.
61:
60
Central
(J.l.AW.— l8tacc.int.oert.
1
'2(1
ace. Int. cert.
Ocean SS. Co.PeosHcola
A
7i»
64
ou...
North itiv.cona. Co.scrin.
18
EastTe-n, Old
Con.sol.
74
3»
120
23
i-2S
ij!
1
4I9
60
7I3
19c.
Trusteed stock
Ist 68
21,
Newb. Dutch.A Conn
61,
1
lie.
Ask.
78
73
23
Little R. A Mem. Ist 69,.. 71
Loaisv. .'^t. Loui3 A Tex.. 32
MeripIiisACna'st consols 114
18
Mlcldgin A Oh
Mt. Dee.S East; 8h. Ld.Co.
9
— sioca
68..
lt-^l.V alowi
(Lehigh A Wilkea. ooal...
38
36
Bid.
pref
1
«.(l
income 4s
I'll
KanawhaA Ohio— 1st
b3
44
19
16
»;i
16
D» tillers' A Catile F. Tr. *37
Dal. s. Shore A At.— Stk.
4
Pr.if
IB
do.
112
'..
SECURITIES.
||
1
10
90
Char. Air Line
C!h.A Atl.— Beiiefic.tr.rec.
Cin';irnati A Spriugf
Ist
1'20
102
271,
coi sols2d OS...
A
Equitable
Bonds, 6a
I
Bid. Ask.
Am. Hank NoieOo
Am. Pig I' on Stor'ge war.
Am. catile Trust
do.
do.
12»
lOS
120
I
i02
Stock Exchansjre— Unlisted Securities.
Vicks
do.
do.
I
I
100
Alabama
Williamsburg
I
Bonds, 6s
II
95=s Metropolitan Brooklyn).
Municipal— Bonds, 78
120 [Fulton Municipal
Bonds, 6s
A Hoboken..
116
Metropolitan—Bonds
108
Mutual (N. Y.)
100
Bonds, 6s
118
Nassau (Brooklyn)
New York
People's (Brooklyn^
70
103
95^
Scrip
1
,
|
108
68
100
Brooklyn Gas- Light
Citizens' Gas- Light
60
1061a
107
28"!.
78, 1900...
Jeff.— lat, 6s.
Pcrkiomen- Istse.
BONDS.
61'8
•23134
North Penn.— 1st M.. 7s.
10
General mort. 7s, 1903.
'176 H)
Old Colony
N.Y. Phil. ANorf -l8t,8a
126"
Portland .Saco A Ports...
Income, 6s
Bumnilt Hmnch
Penn.— Gen,6s, conp.1910
133Vermont A Mass
Cons. 6s, coup,, 1905 ...
29
29 <i
Wisconsin Central
Cons., 68, coup., 1919...
4 128, Trust Loan
60
Preferred
42
llSi-j
& Kne
Clearflehl
Northern
179
Norwich A Worcester
Ocdenab. A Lake Cham..
Brooklyn Klev'd-Btook..
114
69
200
70'*
88
«
Catawissa— M.
441.J
Brunswick Co
no
63i;i
8-10s,'96.
Inc. 7s, end. couii.,'94..
17 's
'
OlJlfornia PaciHc
JSiCl.1.1 Ol.
69
Belved. Dela.— Cons. 48..
Bells Gap— 1st M., 78
'
Manchfster A Lawrence.
Mexican Central
N. Y. A N. EuB. com
All.
City Railroad Securities— Brokers'. Quotations.
•
AUegh. Val.— 7
225
SBCUBITIES.
130
118
44
62
RAILROAD BONDS.
'14634
Eastern
Preferred
lis"
» 83
Fitchburg, pref
Flint & Pere Mariiuette.. • 25
•
95
Preferred
Kan. C. Ft. Scott & Mem. • 70
K. c. Meniph. <fe Blnn....
..I
26"
Louisville Evans. A St. L.
60
Preferred
Maine Central
130
Jersey City
315
«
West Jei-scy A Atlantic.
Passump..
Ciinneclicui River
N. Y.
.
Sunbury
21
.t
17^,
A Lewiston
United Co'B of N. J
West Jersey
A
& Canton
Preferred.
Concortl
Shoe&Leath.
230
Merchants'.. 169
14th Street.. 183
IKO
Fourth
Cleveland
1
Mercantile... 225
120
Pennsylvania
Ask,
N.Y.NatEx. 133
160
Fust N.S.I 110
lOij
141.J
260
Ninth
Madison Sq.. 100
210
64,608,6
60,763.3
78,848,8
N.Y. CoHnty. 480
127
265
.80
830
203
106
138
Columbia...
768,a81,l
prices this week.
Bid.
290
GaiHold
400
CJerman Am. 120
(Jeiman Ex. 260
Oenuaiila
270
Greenwich.. 115
Haiiover
34
Hud River.. 160
Ini. d: Trart's' 680
IrvijiK.
188
6(i6,«40.3
853,0 2,138.0
670.0 '2,131,0
426.C. 12.1 34.0
t iuviuoliiM, tor
Bank Stock List— Latest
Bid.
California Southern
Central of Massachusetts
Preferred
,
31,609,4 129,l,188,«:3.3S7.7
29,484,3 431 ,699.6;S.373.1
29,171,9 4S0,1.348,4 .3.39'2.3
'27,7'23,7 427,
',737.2 3.3,16.6
27,171,8 418,619,2 3,360,7
24,238,0
23,254.0
9" p^o.n
fu.1^ t.iuitt » %n au Littin ji\fUTe».
•eichia. the item *'due to other banks."
BANKS.
A
Phil.
*
69
Little Schuylkill
Mlnehlll
S. Kaven
293j
Chic. Burl.
North'n... • 31
Chic. <fe West. Mich
28
A.k
Bid.
A Broad Top
Huntington
Nesquehoning Valley
Northern Central
Norih Pennsylvania
2dmort.,2.8s
Devosit8.^\C^i^rV'^<Clearinoa
\
•
Feb. 16...
SECURITIES.
BOSTON.
RAILROAD .STOCKS, t
* SB's
.\tchtson A Topeka
Boston & Albnuy
»216'<i
Boston & Lowell.
«173'i
«312
Boston A Maine
'261
Boston & Providence
>
Loans.
66,492,3 161,381,5
Colli
1.229.6
2,489,1
203,0
181,1
6.\492,3[152.05'2,8
1...
'(1.0
3,487,0
2,968,(1
Mch.
Am.
3,1
750,0
122,6
123,0
412.3
2,138,6
1,009,2
9.106.3
0.8:9.0
-h
1,768.7
26,414,7
4.339.4
4.248.7
1,914.4
I,7li7r3
10.5.4
2.513,5
3.009.5
9 884.9
4.383,2
'
1...
'
12,243.6
1,957,7
1,155,0
17.263,6
2896
65,644.8:163,103,3
31
oOCO
2,64 6.0
JSOHtOB.*
Feb. 15...
" 21...
_Plillii
4,38t!,()
f
13...
21...
"
Mch.
10,7=15.2
2(7.0
621.0
128.8
271,0
847.4
251.6
427.6
669.1
150.0
692,4
681.8
170,5
163,3
251,9
181,7
130,9
326,0
242,0
666,6
231,6
14 9.9
4,147,(1
118.483.6 404,27'2,0 90.056.2
118,483.6 412,437,1 88.274.3
'
118.483.6,414,211.9,85.912.3
118,483,6 414,674.082,911,4
118,183,6:409,710,9,79,847,2
1...
8...
*•
617,1
1,622,1
857,(i
6.578.2
22.486,4
7,397,4
1,461,3
v. Vork.'
Feb.
10.070,0
a.721,0
7.815,5
7.939,0
485,5
334,8
84,8
405.0
127.1
180,3
2S,6
3 1-2,
776,0
64.'..7
265,6
231.8
73 4»
737.8
468,7
394,5
493.9
258.9
S
420,0
790,0
6S9,8
446,0
1,159.1
283,8
819,4
6,107.8
307,4
138,4
4 !7,2
3.600.0
SuTviua.
'20,802,0
132.H
612,3
231, .)
146.8
2S8.0
718,9
ftflo
21.770,2
1,513,1
563,7
27,5,0
..•n
354,6
4,241,4
072,7
206.(1
300, (.
Total
4,569,0
2,760,9
2,834,4
4,165,'
1,898.4
150,'>
Krot National,B'klyi)
341...
402.8
195,S
697.5
200,0
600,0
8«abo»n1.
797,7
2.320.i-
l,i80.2
3,623.'2
18.128,0
18,091.4
5.418.2
14,o'J8.9
8,060,(1
West
Weiitem National...
2,76,1.6
6,»8.M
1.24S.9
2.87».li
1,293,8
280,3
IlJth National
Bank of the Metrop.
bide.
ll,40-.,8
2,730.(1
364,
4,628,7
2,197.0
9U.3
240,0
250,0
3,200,0
2,000,0
300,0
760,0
6J0,0
1,000,0
300,0
260.0
200,0
750,0
600,C
100.0
200,0
200.0
600.0
300,0
200,0
Central Natloi aL....
Beco.irt N »tlonU. .....
7,!.t8.l;
2,810..')
658,7
746,7
607. ->
167.0
165.7
489.8
283,7
235.6
2,895,0
1,871,0
714,4
1,429.0
430,3
277,0
2,000,(1
Fourth Natlon»l
22,368,8
3,689.9
5.182.3
1,931,6
80I,K
375,2
889,2
634,0
260.3
489.4
Deporttr.
t
2,110,0
1,101.0
1,587.5
1.316.0
2.081.0
Vol. L,
Qnotationg in Boston, Pbiladelphia and Baltimore.
Following are ci'iotationsof active stocks and bonds. A full
Hit is given in the Chronicle the third Saturday of each month.
SECURITIES.
11,800,0
3,281,
1,645,9
oases.
Letalt.
•
1.6BU.7
2.342.S
219,0
6.052,9
130.3
1,372,5
287,7
214.4
116,7
661,0
80,7
477,5
1,631,6
1,0(10.(1
Batchers' ft Drovers'.
KeobanlOB' A Traders
the week ending March
We omit two ciphers (00) in all
as follows.
1, 1890. is
I
l.st,
"8
m
26
guar 101
AllBiiii....,
2
vi
66
29
102 Hi
d
33
4
30
PanlK.AOr.Tr.,lstt>f 104
1513' li\
-30^9 3u3i Toledo Peoria A WoKt..
Wi.„t, V. r*;,,, _(,,., (ij
2
94
97
28
1
72tj|
SO
73
Postal Telegrjiili- Cable.
8t.
1
March
8,
THE CHRONICLE.
I'-IO.J
Knucstmcnt
Laint Ramingt BtporUtt.
BOAUS.
Vteekoril
AKD
IHailroad Intelligjeucc.
347
188U-90.
$
Oiil/ dc Cliioaj;o.
January.
HoiiHatunic
Deteiuli'r
I
I
3,27;j|
Huiiiest'ii&Sheii January..
(U.Ceu.dll.iSiSo.i J.iimary..
The Investors' Supplement, a pamplilet of 150 pcget,
contains exten'led tables of the Funded Debt of States and
Cities and of the Stocks and Bonds of Railroads and othtr
<Jomponiex. It is pubVshed on the last Saturday of every
ether month— v'Z., January, March, May, July. September
ar.d November, and is furnuhed without extra charge to
all regular subscribers if the Chronicle. Extra copies
are sold to subscribers of the Chbomcle ct 50 cents each,
•and to others at%\ per copy.
The Qeniral Quotations of Slocks and Bonds, occupying
six pages of the Chiionicle, are now published on the
third Saturday of each month.
\
CedurKcfeMiii. January..
Total all .... January..
(nfl.Dcc.AWcst. Jauuarj-...
Intorno'i.in /\f
i^i
Interoc'uic
(Mx)
DoOCUlb'r
Iowa Central... 4tUwkFcb
iTOu Railway... January..
J'k'uv.T.JiK.Wv D(;oemb'r
Kanawha><:Oht(>
wk Feb.
Kan. C. CI. &Sp .'Id wk Fob.
K.C.F.8. & Mem. 3d wk Feb,
K.C.Mcm. & Bir. 3d w;c Feb.
K.CWy. &N.W January.
Kentucky Cent January...
•2il wk
wlf i'eb.
kVh
Keotaik & West. 3d
Kmssl'n & I'cm. 3(1 wk Feb.
Knoxv. & Ohio. De<!emb'r.
L.Eric All. <fe8o January...
L. Erie it West.
4th wk Feb
M
.
Hud.. February
3d wk Feb.
I/one Island
February
La. is Mo. River. Decemb'r
Louls.Ev.&St.U Ist WkFeb
I'eUighttE
L. Rock
& Mom.
«
4,2-13
•6,8.52
148,523
120,836
127,708
1, 329, -206
1,2.34,854
30.256
123.280
32,370
3,014
71,117
4,819
9,303
90,103
23,053
51,300
71,442
6.478
2,033
50,431
4.500
48,933
34,579
74.023
£6,7(7
4,436
62,979
4,582
5,053
95,560
l-,500
26,430
68.848
f,391
2,877
40,599
5,345
30,8 18
13,916
53,.583
18,23.1
1 lo
Lalett Date.
1889-90.
I
111,198
80,107
1 3.000
10.830
180,083 1,137,140
5,2121
143.2811
Dub. A slo'xC. January..
Iowa Much
January..
Jan.
1888-0.
S
I
/
1888-9.
t
4,243
1,120,494
13,000,
10.829
1,180,683 1,127,140
5,212
a,SM
143,281'
120,856
148,.3ii3,
137.708
1,329,300! 1,234,8S4
3,273,
1.201,261
30,2.j6
34,370
230,309
3,014
540.813
37,094
24i.317
50,272l
601,830
200,491
01,300
71,442
43,534
16.740
681,504
4,500
413,291
44,190
4,436
450..503
34,886
36,416
600,075
100,514
20,430
68.848
39.311
17,027
500,288
5.345
388,775
36,1'25
13,587
09.051
103.479
105.433
330.427
3.33,180
33.508
403.038
481,991
31,237
95.947
108,923
.354.180 357,033 3.043,337 2,745,375
Latest Eamingt Reported.
Jan. 1 to Latest Date. Louisv.ifeNashv. IthwkFeb
Louls.N. A(StCh. 4th WkFeb
39.223
Roads.
40,391
313.076
307,581
Lonisv.N.O. .SiT. 4thwkFcb
Wff/cwi-.Mu 1889-90.
50.154
1888-9.
1889-90.
55,701
631.301
188)^-9.
472,463
Lou.8t.L.&Tex. February
27,037
58.507
l-onlsv.
South'n.
January...
*
33,900
32,!t60
32,537
32',.327
*
39,000
Allegheny Val. January.
40.2 41
183,5 17| 109,069
294,997
183,517
294.648
109,009 Memphis & Chas 3d wk Feb.
Auul.stou & Atl. January...
127.90
8,305
8.243
1,121,090
8,203
928,449
8,213 IMexican Cent... 4th wkFeb 138,321
Ainiiston *fc Ciu .January...
77,508
12,232!
70,105
S.IOU
625,755
12.313
576,987
8,100 t.Mex. National 4tb wkFeb
Atob.T.&.s.Fe. '.hi wk Feb. 493,5891 411,805 3,650,937 2,954,809 tMexlcan K'way vVk Jan. 25
83,473
70,608
275,146
308.334
Half owned
61.570
'M wk Feb.
29,2281
40,220
127,110
439.313
200.963
357.407
229.951 .Mil.L.8h. & West 1th wk Feb
Total .'•ysitni 3d wk Feb.
23.500
2'j,620
522,8 17) 438,915 3,851,899 3,184,819 Milwaukee &So 4th wkFeb
200,708
163,217
8.51
Atlanta & I'liar. Deceuib'r
8,130
149,998 129,103 1,516,416 1,32.5,133 Mineral Ran);e.. January..
8,1'30
8,515
\Atlanta W.Pt January...
113,192
50,055
83.390
48,206
113,193
50,055
83,390
48,206 .Minneap. ASt.L. January..
.M.St.P.
A:S.S..M.
January..
All. Jc Danville .lanuary.
201,351
'21,500
37,000
93.075
201,351
37,000
93.075
21,501)
Atlantic ,V: Pao. 4th wk Feb
639,764 470,343
54.2781
44,933
630,764
421.726
470,842
477,459 .Mo. Kan. & Te.x. January..
Febiuary
B.&O.East Lines January. 1,480,080 1,234,234 1,480.680 1,2J4.234 Mobile & Ohio
217,544 277,059
539,590
501.261
Western Lines January... 4 0,0571 372,08 i
68,306
57,204
760,161
410,037
775,153
372,084 Montana Union. Decemb'r
.Montci'cyitM.G
Feliruary
Total
January. 1,890,737 1,000,318 1,890.73
29,700
53,400
1,606.318
Bal.iO.SoutUw. 4th wk Feb
308.580 293,080
41.489
40.329
308,580
367,711
293.080
341.050 .Sash. Ch. & St. L. January.
Bait- iV Poiom:\c Jan .larj'.
131,099 115,701
02,981
58,620
62,981
134,099
58.620
115,701 XewBruusw:ck. January...
Beeoii Creek
Deceujb'r.
19,502
78.307
85,115
18,001
244.319
800,141
242,003
913.334 N.Jersey .Si N.Y. Decemb'r.
New Orl. & Gull January...
Bir.8elma&^^.0. January...
14,086
2,200
1.5,430
1,835
14,686
2,'iOO
1.5,459
] .833
Biia.Roeh..vfill 4th wk Feb
30.0.)8
30,872
255,740
330,876 N. Y. C. & H. R. February 2.703,353 2.461,730 5,627,259 3,1-1.880
Burl. & :Nortliw. anuary.
4,215
4,802
4,215
4,862 N. Y. L. E. & W. JdUUfvry... 2,155;785 1,924,2J1 2,155.785 1.924.291
Burl, it. Western January.
4,471
3,449
4,471
3,449 N. Y. Pa. A Ohio Decemb'r . 591,544 533,'271 6,653,816 6,227,531
Caimleu & At I. January...
434,107 413,573
35,483
30,041
43 4,407
35,483
412,-373
36,041 N. Y. & N. Eug. January.
Canadian Pacillc 4th wk Feb 231,000 227,000 1,845,141 1,741.984 N. Y. & North'u January.
42,602
42,MlO
42,60:
43,910
N.Y.Out.A
Cp.F'r&Yad.Val January.
W..
4thwkFeb
39.762
33,490
31.730
249,919
34,786l
39,76
231.933
34.780
N.Y. Susq. & W.. January...
Cent. Br. U. P.. Decemb'r
101,704
104,466 103,248
77,972|
101,460
854,960
103,348
908,3'34
Cen.KK.&Bj,'.Co January.
80.483
873,907 690,095
873,967
89,695
931,034
770,111
690.095 Norfolk A: West. 4ih wkFeb
Central of N.J. January..
63,70'
893,974 1,044,919!
53,616
017,203
893,974 1,044,919 N'theast'u (S. C.) Decemb'r.
610,596
Central Pacific.. Deceuib'r 1,043,271 1,'272,917 15,530,215 15,838,832 North'u Central. January.
559, 118 464,749
559,118
404.749
Central of 8. C. Deceml)*r
10,812
8,974
105,566
103,312 Northern Pacltlc 4th wkFeb 333,622 351,305 2,417,732 2,370.557
Centr'l Vermont Wk Feb. 1
78.689
12,066
70,685
379.693
10,500
62.311
47.857
337,440 Ogd.&LakeCh Wk Feb. 1
Cliarlest'n & Kav January.
73,89.^
31.280
61,992
30,045
73.899
190,373
173.353
61,993 Ohio lud. & W.. 2d WkFeb.
Chat.K'meifeCol. January.
32,500
4thwkFeb
10,012
57,437
61.3,112
32,500
51,733
608,187
16,012 Ohio&Xdiss
Clieraw. & Darl Decemb'r
8,500
15,087
7,675
13,799
86,090
15,68
13,799
82,149 Ohio & Northw.. January...
Cbea. <&OUio.... 4th wk Feb
Col. & Maysv. January...
145,981 105,756 1,157.000
613
730
613
720
808,000
Ches. O. <& 8. W January.
4th wkFeb
174,200 170.326
9,058
174,206
8,480
84,298
7-2,011
170.326 OliioRiver
Cheshire
Decemb'r
44,906
643,924
40,126
44,966
46,126
593.478 Ohio Southern.. January...
Cues. <fe I.enoir Decemb'r
7.052
3,738
7,206
23,191;
74,290
2,336
13,193
79,181 01 io Val. of Ky. 2d wk Feb.
Chic. & Atlantic. 4tU wk Feb
47,577
40,516
50,201
410,211
38.880
50,20ll
33.880
331,713 Omaha & St. L January.
Chic. Burl. & No Jaiuiarv.
Oregon
Imp.
Co.
119,000 158.628
Decemb'r
3
10,541
119,000
333,582
4,336,618
4,850,031
158,038
Chic. Burl. & Q. January.
!,181,408 1,916,205; 2,181,408 1,916.205 Oreg. R. & N. Co. Decemb'r
470,038 523,534 6,104,00: 6,379,797
Llne.scontr'ra January.
Ore.8.L.&Ut.N. Decemb'r. 553,400 574,073 6,512.345 5,770,541
o36,('01
548,42ll
536, OJl
54,3,421
ChIo.& East. III. 4th wk Feb
5.5,204
Decemb'r
55,018
7,402
439,242
4,314
72,946
70,313
431,150 Oregonian
Chic. Mil. &8t.P. 4th wk Feb
482,000' 462,002 3,586.911 3,332.518 Pennsylvania .. January... 5,142,3)1 4,528,740 5,142,311 4,528,746
Chic. &}J'thw'u. January.. 1,857,673;1,613,245 1,857,673 1,613.345
PeonaDec.&Ev. 4thwkFebl
13,590
14.015
111.436
131.002
Chic. & Oh. Riv January..
'January.
5,808
7,872
43,001
43,071
4j,001
5.808
42.671
7.873 Petersburg
Chic.Peo.&8t.L. Decemb'r
32,047
26,156
376,106
327,811
258,570
312,108 Phila. ife Erie. ..'January... 327.811, 258,570
Chlc.St.P.&K.C. 4th wk Feb
Phila.
&
Read'g.
January.
81,496
1,500,730
48,997
661,782
1,463.302 1,566,730 1,463,302
394.595
Chlo.St.P.M.iiO. Decemb'r
583,539 4.t.7,576 6,422,644 6,416.320 Pittsb. & West'n Decemb'r
1 17,457
115,701 1,403,045 1,380.053
Chic. &W. .MicU. 4th wk Feb
Pitts.Clev.&T. Decemb'r
26.045
24.920
38,001
40,308
490.796
198,397
479,148
193.344
Cln.Ga. &Port.s. January...
Pitts. Pain. &F. Decemb'r
3,703
21,613
3,976
21,683
285,115
3,70:
370,052
3,970
Cln. Jack. & .Mai- 3d wk Feb.
Total system 4tU wk Feb
10,500
37.658
10,689
33,336
311.552
31)0.614
72,588
75,134
Cln.N. o. &T. P. 3d wk Feb.
80,293
26,845
51,206
315 757
593,131
25,305
317,608
516,872 Pt. Royal & Aug. Decemb'r
Ala. Gt. South. 3d wk Feb.
37, 44
39,520
33,436
41,169
304,788
288,779
335,576
261.344 Pt.Roy.Ai W.Car. Deoemb'r
N. Orl. & N. E. 3d wk Feb,
10,477
20,879
18,735
11,925
173,677
10,477
11,925
164,430 Pre8.v^:Ariz.Cen. January..
Ala. & Vicksb. 3a wk Feb,
11,267
18,020
10,743
20.133
104,014
18,036
20,133
81,810 Quincy 0.& K.C. J anuary.
Ticks. 8U. & P. 3d wk Feb.
10,385
971,429
10,179
100,438
839.638
87,094 Kich.&Dauville. February . 479,300 431.700
ErlanKcrSyst. 3d wk Feb,
Vlr. Mid.and.. 'February
159,908 124,299 3,259,0.39 1,121.550
150,300 135,400
318.556
269,763
Cinn.Northw'u. January.
Char.Col.&Au. February
84,450
2,256
1,410
80,999
169,510
104,505
2,256
1,410
Ciu. Sel. & Mob. January...
Col.
& Greeuv. February
83.750
7.548
11,867
74,383
172,018
143.r.50
7,548
11,867
Cin.Wab.&Micb January.
West. No. Car. February
37,504
77.450
36,475
71,723
156,094
144.190
37,564
36,475
Clev.Akron&Col 3d wkFeb.
Georgia Pac
February
15,095
161,825 108,559
350,700
12,132
105,481
235.289
85,923
Clev. & Canton.. Decemb'r
Wash.O.A W.. February
41,933
7,950
32.201
5,939
16,698
1-2,310
448,612
379,184
CI.Cln.Ch.&,SL 3d wk Fob. 222,179 203.059 1,013,629 1,493.543
Ashv. (& Spat-t. February
10,800
9,094
21,532
19.011
Clev. & Marietta January.
Total Sy.s'm. 4th wkFeb 168,600 165,3 10 2,181,138 1,828,614
19,033
19,740
19,053
l-',740
Color. Midland. .I">d wk Feb
34,100
27,336
30,950
24.087
27.236
235,392
24,087
199,681 Rich. <& Petersb. January...
Col. & Cin. »Ud.. 4th WkFeb
6,23
65,275
6,707
63,830
172,650
53,749
176,875
53.776 Rio Gr. West. j3 wks Feb.
Col. Hock.V.&T. Decemb'r
184,9901 220.503 2,509,518 2,893,970 Rome & Decatur January.
8,900
4,000
8,900
4,0o0
Colusa & Lake.. Jauuaiy..
l,24ll
281,141 252,312
1,507
281,141
1,241
253,312
1,507 Rome W. (& Ogd. January.
Covlng.&Mac'n. .1 anuary.
13,3691
8,236
25.435
35,331
238,437
13,369
lo9,972
8,230 St Jos. & G. Isl.l3d WkFeb.
Day.Ft.W.&Ch.. January.
39,540
36,932
18,730
39,340
17,883
180,005
.158.303
36,932 3t.L.A.j£T.lI.B's'4thwkFib
Denr. & Rio Gr. 4th WkFeb 131,030 131,600 1,109,930 1,069.669 at.L. Ark. & Tex. 4th wkFeb
93,389
606,319
68,109
515,587
Den. Leadv.&o. Decemb'r
90,99ll
70,727 1,008,235 1,005.387 8t.L.Des M. i& N.' January.
5,373
5,373
4,531
4.531
Deu.Te.x.itF.W. 4th wk Jan
62.878[
50,444
137.656 109,090
190,5:i7 St L.(St San Fran. |4th WkFeb
929.014
247,304
834.568
Det.BayC.&Ali) 4th WkFeb
8t.
Paul
12,9851
,Sj
Dul'tu
February
13--',3j3
10,867
70,745
72,2J4
90.352
1«3,574|
80,262
Det.Lan.s'fc'&No 4th WkFeb
20.958
20,095
445,114 382,3?"
954.4911
154,337
776.444
146,341 3t P.Min.& Man. February
Duluth.8.S.&Atl 4th WkFeb
25.709
18.1'27
Bast, of Minn. February
230,079
24,025
20,058
65,084|
se.ot*
179,582
E.Teun.Va.&Ga. 3(1 wk Feb. 129,014 116.413
MontanaCeut. February
979,516
45 037
133,017
849.0-53
57,495
90,010
Eliz.Lex.&B.H... Decemb'r
02,933
89,533
20,:il6
219,907
815,830 1,003.090 8.Ant.&Ar.Pas3. 3d wkFeb.
22,409
147,603
Evans.&lud'i)li> 4th wkFeb
3,249
5,841
35,794
7,94i
10.132
59,501
41,812 8. Kran.&N.Pac 3d wk Feb.
73,101
Evansv. & T. H. 1th WkFeb
17,935
15,958
143,126
23,447
23,447
15,073
134,380 8a v. Am. & Mon. January...
15,072
Fltohburg
January.
448,215 42.5,169
448,215
4'3o,169 Seattle L. S. <feE. 2a wk Feb.
5.750
3,344
32,959
25.938
Flint.&P.Marq. 4lh WkFeb
71,412
44.078
478.011
January.
50,088'
373.51 9 Scioto Valley
50,801
50.088
50,801
Flor. Cent.& p. 3d wk Feb.
26.125
25,300
203,46
189,138 Sbenandoah Vai Februa:y
87,000
57,000
178,015
109,732
Ft.Mad.tkN'w'u January.
1,745
2,115
1,745
2,115 South Carolina January...
137,000:
137,000 134,538
134,583
Ft, W. Cin. &L
November.
21,68:i
26.1981
283,701
240,921) So. PaciUc Co.—
Ga. RR. <&B. Co. Decemb'r
158,080, 150,349 1,616,9 1-.' 1,538,006
Gal. llar.&S.A. Decemb'r
331,001 344,023 3,937,291! 3,504,676
Geo. Ho. &Fla.. January...
1 4.5-3(i
Louis'a West.. Decemb'r.
51.9 12
900,495
14,530
83,i07 1,101,5091
107,977
51,902i
Gr.Rap. (felud.. 3d wk Feb.
39,830
Morgan's Li: r. Decemb'r. 054,447 581,120 5,453.017 5.2-28.103
51,84*1
290.400
2S1.8;i9
Cin.R.&Ft. W. 3d wk Feb.
9,574
9,705
53,.541
N.Y.T.&Mex, Decemb'r
•32.333
146,537
59,801
15,839
192.708
Other lines
3d wk Feb
3,251
3.635
Tex. & N. orl. Decemb'r
23,758
130.8'29
120,303 1,747,803 1.4:i8..377
24,361
Grand Trunk. .. 'Vk.Feb.22 339,595 327.288 2,664.180 2,531.803
Atlantic sys'ni Decemb'r. 1,290,647 1.151,056 12.131,39(1' 1 1.532.375
Ohio AOr-Tr Wk.Feb.22
72,847
63,840
565.776
Paciflo system Decemb'r 2,406,337 3,826,038 33,928,486 33,117,241
471,006
Det.Gr.H.&M. Wk.Feb.23
18,733
15.489;
140.'391
Total of all iDecemb r 3,702,83* 3,977.094 46.33il.875 40,099,615
133,751
RAILROAD EARNINGS.
.
183,833
39,151
19,113
.
I
.
.
')
. .
.
.
J
.
.
.
.
.
.
.1
.
.
.
.
.
. .
.
.
. .
. .
.
.
.
.
I
]
1
1
.
.
.
. .
.
.
.
.
.
.
. . .
.
.
.
. .
.
348
'IHE
Latat Eamingt Reported
Jan. 1
to
CHRONICLR
Latest Dair.
KOASS.
VeekorMo
1889-90.
1888-9.
1889-90.
i
1888
3d week of February.
126^18
154,388 2,234,711 2,085,939
437.105 546,492 6,068.498 6,60.'<;601
Arizona Div.. 'Decemb'r.
144,682 175,552 1,851,117 2,099,141
New Mex. Div.lDecemlj'r
75,359
85,913
940,882 1,003.638
8par. Un. & Col. Decemb'r. _ 12,808
11,301
121.989
105,127
Btatcn I. Rap. T. January...
51,616
48,942
51,610
49,942
Summit Brancli.' January.
62,632 119,500
119,560
62.632
Lyljens Valley January.
55,699
88,200
88,200
55,699
Tenn. Midland.. January ..
17,097
11,964
ll,9ti4
17,097
Texas * Pacific 4tliwkFeb 146,964 121,285 1,188,215
980,488
Tol. A A.&K. M. 4th wk Feb
28,147
19,412
181,109
138,072
Tol. Col. & an.. 4thwkFeb
5,461
3,932
43,157
33,866
Tol.A Oliio Cent. 4th wk Feb
20,135
158,629
19,811
184,703
To'i.&O.Cen.Ex. January...
8,270
6,926
6,926
8,270
Tol. P. & West.. SdwkFeb.
19,562
125,341
19,478
129,187
Tol. St. I-. & K.C. 4th wk Feb
30,150
16,830
132,313
236,92,
Union Paciflo... January... 2,148,011 ,331,897 2,148,01
2,331,897
Total system
Decemb'r 3,554,364 ,288,068 39,713,904 39,039,116
Valley of Ohio.. November.
52,300
53,700
587,955
569,732
Vermont Valley January.
11,670
12,416
11,670
12,416
Wabash
4th wk Feb 237.870 235,233 2,108,749 1,817,621
Western of Ala. January.
61,530
60,021
61.530
60,021
West.N.Y. & Pa. 4th wk Feb
63,600
60,600
500,772
.470.237
West Jersey
January...
93,367
82,959
93,367
82,959
W.V.Cen.&Pitts. January.
69,377
61,020
69,377
61,020
Whceling&l>.E. UthwkFeb
21,883
18,203
164,584
140,872
Wil. Col. & Aug. Decemb'r.
84,713
77,878
891,3801
800,320
Wisconsin Cent. 4th wk Feb
82,289
65,374
643,364
487,666
Wrights V. <& Ten J anuary
7,625
6,137
6,137
7,6251
t Mexican currencv.
ffMain Line.
.
Klo Grande Western
Joseph & Or. Island..
Bt L. Alt. &T. H. Brches.
San Antonio & Ar. Pass..
San Francisco & No. Pac.
Toledo Peoria & Western.
Total (84 roads)
Net increase (1590
.
.
. .
.
.
.
For the fourth week of February the gain
on 54
4(A week of February.
& Pacific
& Ohio Southw
Buffalo Roch. & Pitts
Atlantic
Bait,
Canadian Pacific
Chesapeake <fe Ohio
Chicago & Athmtic
Chicago & East. Illinois..
Chicago Mil. & St. Paul..
Chicago St. P. & K. City.
Chicago & West Michigan.
Col. &Cin. Midland
Denver & Rio Grande
Detroit Bay C. & Alpena.
. ,
& North..
& Atlantic...
Detaoit I^ans.
S. 8.
Evansville & Indianap.
Evansville & Terre H.
Flint & Pere Marquette..
lowi. Central
Lake Erie & Western
.
. .
Louisville
& Nashville...
Louis V. N. Alb. «fcChic...
Louisville N. O. & Texas.
Mexican Central
Mexican National
MUw aukee L. 8h. & West.
Milwaukee & Northern
New York Ont. & West.
•Norfolk & Western
Northern Pacific
Ohio & Mississippi
Ohio Elver
Peoria Decatur &Evansv.
.
.
Pittsburg & Western....
Eioh. & Danv. (8 roads).
St. L. Alt. & T.H. Brches.
t. Louis Ark. & Texas.
St. Louis & San Francisco.
Texas
is
8'87 per cent
i-oads.
Duluth
&
Pacific
Toledo Ann A. &No.Mich.
Toledo Col. & Cincinnati.
Toledo & Ohio Central.
Toledo St. L. & Kan. Citv.
.
Wabash
(consol. system).
Western N. Y. & Penn
Wheeling & Lake Erie...
Wisconsin Central
Total (54 roads)
ITet increase I8'87p. c).
1890.
1889.
54,278
41,489
36.658
231,000
145,981
47,577
55,264
482,000
81,496
26.045
6,231
131,630
12,985
20,958
25.769
3,249
17,935
71.412
32.376
48.953
354.180
39,223
56,154
138.321
77.508
61,579
25,500
33.490
80.483
353,622
57,437
9,058
13,596
37.658
168,600
18,730
93.389
137,656
146,964
28,117
5,461
20,135
30,150
237,870
63,600
21.883
82,289
44,933
40,329
36,872
227,000
9.345
1,160
105,7.56
40,225
40,516
55.018
462,002
48,997
24,920
6,707
7,0fil
3,965,969
'
Increase.
9
$
214
4,000
246
476
30
10,867
20.095
18,127
5,841
15,958
44.078
26.747
53,582
357,633
40,394
55,761
127.907
70.165
46,226
23,620
31,730
89,695
351,305
51,722
8,480
14,015
33,226
165,300
17,882
68.109
109,090
2.118
19.412
3,932
19,811
16,830
235,223
60,600
18,203
65,373
3,042,874
863
7,642
2,592
i.977
27,334
5,629
4,629
3,453
1,171
393
10,414
7,343
15,3.53
1,880
1,760
9,212
2,317
5,715
578
419
4,432
3,300
23,375
25.435
23.150
26.316
7,942
19,562
23.075
25.381
22,006
22,409
10.132
19,478
5,977,235
5,157,437
.
.
Memphis &
345,261
323,095
Increase.
each road being publislied here as soon as received, but not
kept standing from week to week. The figures cover tlie
latest months and the. totals from January 1, and also the
totals for the fiscal year on those companies whose fiscal year
does not correspond with the calendar year.
/
Roads.
Allegheny Valley.... Jan.
——
Gross Earnings.
1890.
1889.
183,517
.
.
.
169,069
Centr'l of N. Jersey Jan.
893,974 1,044,919
& Ohio. Jan. 585,000
443,000
July 1 to Jan. 31... 4,120.235 3,137,090
Chic. Burl.&North'n. Jan.
119,000
158,628
Chic. Milw. & St. P. .Jan. 1,794,411 1,655,910
July 1 to Jan. 31... 16,585,711 15,969,551
Chic. AWest Mich. ..Jan.
98,260
97,843
Cin. N.O.&Tex.Pac.Jan.
358,691
319,378
July 1 to ,Ian. 31... 2,547,721 2,226,610
N. O. & Northeast. Jan.
104,719
100,808
July! to Jan. 31...
677,255
595,010
Ala. & Vicksburg..Jan.
68,318
56,853
July 1 to Jan. 31...
414,946
343,078
Vicks. Shrev.&Pac.Jan.
66,512
53,624
July 1 to Jan. 31...
435,380
388,221
Colorado Fuel Co. ..Jan.
July 1 to Jan. 31...
Det. Lans. & North'n Jan
77,810
76,427
Kan.C. Ft. Scott & M.Jan.
410,026
382,729
July 1 to Jan. 31... 2,996,669 2,695,720
Louisv. & Nashville- Jan. 1,571,327 1,398,847
July 1 to Jan. 31... 11,290,484 9,706,103
Louis. N.O.& Texas. Jan.
256,609
375,005
N.Y. Ontario & West. Jan
122,618
112,415
Oct. 1 t» Jan. 31...
592,223
514,863
Northern Pacific... Jan. 1,177,400 1,183,398
July 1 to Jan. 31... 13,832,766 11,804,340
Ohio &Mississippi.-.Jan.
318,922
319,768
July 1 to Jan. 31... 2,574,055 2,447,388
Philadelphia & Erie. Jan.
327,811
258,570
PTes.& irizona Cent. Jan.
11,925
10,477
Rome Wat.&Ogdens. Jan. 281,111
252,312
Oct. 1 to Jan. 31... 1,259,794 1,133,260
Weat'n N. Y. & Penn. Jan.
256,272
247,290
Oct. 1 to Jan. 31... 1,160,210 1,094,474
Whitebr'st Fuel Co.. Jan.
July 1 to Jan. 31...
Wisconsin Central.. Jan.
325,579
256,634
July 1 to Jan. 31... 2,811,020 2,411,897
1889.
1888.
St. L. Alt. & Terre H.Dec.
104,287
106,422
Jan. 1 to Dec. 31... 1,110,426
949,307
Wheerg& Lake Erie .Deo.
83,734
75,524
July 1 to Dec. 31...
490,128
447,554
Chesapeake
Net Eamlniis.
1889.
1890.
71.381
65,835
.
341.397
101,000
1,194,696
29,735
471,494
95,000
6,158,082
72,554
873,575
85,956
7,036
107,868
573,173
67,752
4,696,223
708,206.
50,408
394,169
453,244
6,373,897 6,008,620
18,146
21.749
121,000
128,000
778,333
1,027,000
30,305
35,000
145,305
198,000
25,000
23,000
122,000
134,000
12,000
19,000
116,000
139,000
23,876
28.539
159,406
192.062
14,554
8,258
119,225
101,686
932,163
1,018,780
559,703
613,723
4,668,111 3,774,383
143,815
81,034
10,772
5,100
80,396
40,700
283.232
339,197
86,-232
698,173
38,463
8,085
90,174
489,521
47,395
265,567
4,649
103,175
41,322
754,409
316,224
19,977
87,260
79,665
1,108,486
1889.
53,861
496,433
34,199
1888.
56,684
439,055
32,183
168,672
197,044
31, 1889.^
text of the annual report of Mr. G. B. Roberts,
President of this company, will be found on a subsequent
page, containg statistics of the traflic and earnings of the past
year. Remarks upon the report will also be found in the
editorial columns. The earnings, general income account and
balance sheet for three years, compiled for the Cheonicjle,
are given herewith, presenting an interesting comparison.
The
22,166
f uU
lABMNGS ON ALL LINES BOTH EAST AND WEST OF PITT8BDKO
ti ERIB.
1888.
18S7.
1889.
$115,515,506 $116,509,293 $122,917,337
Grosseamlngs
77.238,082
80,737,336
Operating expenses
83,811,128
$38,277,424 $3a,77i.a57 $39,106,209
Net earnings
The following statement shows the detailed income accoimt
of the Pennsylvania Railroad Company for the years 1887,
1888 and 1889, the '-net income" given in the first line being
the amoupt of income after deducting interest payments.
IKCOMB ACCOUNT.
Deereatt
a.
$
Charleston. .
Eieh. & D.TOv. (8 roads)
For wtek ei dn g Ftb. aa
19,747
Earninfcs Monthly to Latest Dates.— The tables followshow the net earnings reported this week, the returns for
1887.
Kansas C. Ft. S. & Mem.
Kansas C. Mem. & Birm
Kingston & Pembroke.
Little Eock & Memphis..
839,545
819.798
PennsylTania Railroad.
1890.
3 889.
Inmasi:
P. C.
20,799,764 18,594,725 2,205,039 1186
For the third week of February our completed statement
covers 84 roads, with a gain of 15-90 per cent.
.
2,190
84
fFw the year ending December
Month of February.
Cleveland Akron & Co)
East Tennessee Va. & Ga.
Flint & Pere Marquette.
FloridaCent.& Peninsula.
JGrand Trunk of Canada.
tChlcago & Gr. Trunk.
tDetroit Gr. H. &Mil..
Kansas C. CI. & Spr
1,144
3,907
p. c.)
324
13.320
2,647
3,000
3,680
16,916
»0 roads
4,037.738 3,493.657
493.589
411.805
159,968
124,299
15,095
12.132
129.014
116,413
61.037
43.359
26.125
25,200
339.595
327,283
72.847
65.846
18.733
15.489
9.503
5,053
90,403
95,560
23,053
18,500
2.633
2.877
12,916
13,687
39,006
40,241
320,'2O0
223.650
»
300
54
ANNUAL REPORTS.
follows:
Prev'ly report'd (51 roads)
At. Top.i 8. F. & I'd roads
can. N.O. & T. P. (5 roads)
Decrease.
>fet
ing
28,566
25,679
8,735
1,529
Owing to heavy Efoims causing wathonfs on New Elver Division
was entirely suspended five days.
For the month of February we have received returns alto1^
gether ficm 90 roads, the aggregate earnings of which show
an incrf ase of 11-86 per cent over the same period in 1889, as
1889.
Increase.
li.
848
25,280
'
1890.
1889.
.
19,998
32,499
1,125
131.6liO
121,28S,
Deereatt.
coal traftc
Sd week of February.
1890.
9.
St.
Bo. Pac. ER.
Ko. Div. (Cal.) Decemb'r.
So. Div. (Cal.) Decemb'r
'
[Vol.
554.331
81.784
35,869
2,963
12,601
17,678
10,250
925
12,307
7,001
3.244
4,450
RR—
5,157
4.553
244
671
1.235
93.550
Net income Penn. RE. Division. $10,441,287
—227,991
NetlossorgainonNew J. Div.
LoES on PittB. & Erie Div
$lo,2la,-iiS»«>
Balance
From this balance dedvct—
Advances to Penn. Co. charged
to Penn. RR. income
78,624
Pajrments to trust fund
324,800
Consol. mortgage redeemed
Deficiency
Allegheny Val.
Penn. CauHl rn aco't of int
Am. SB. Co.— To meet int. guar.
Settlement of balances under
trunk line pool
For fire at N. Brun.swick, N. J..
Eitraoidiuary expenses, not
properly chargeable o capilu 1
1
352,835
'
g'oVdoo
1888.
18fc9.
$9,979,-.99 $10,8;o,351
—160,501
+13c,712
16,316
9,637
$9,809,161 $10,9a2,747
$1,020,000
71.121
324,800
100,: 3'
90,000
$
87,433
324,800
16M79
i8^,510
45,000
167.183
175,000
1,241,115
1,161,547
1,530,913
$2,429,557
$2,768,198
$2,3^6,835
March
8,
THE CHRONICLE.
IHO.J
Bala ace tororedit of Inoome
after deducting all payments
Dividends.
Rate of divldfud
1887.
1888.
1889.
$7,783,739
5,418.702
$7,040,963
5,327,270
8?,6S5.'J12
(5i«)
Balance to credit of profit aad
loan acpouut f ir year
$2,365,037
Balance in sottliiuent of clolma
and
1-119,370
$1,983,600
$1,620,421
$3,118,012
$1,983,600
15.620,347
$1,020,421
17.608,943
Expenses acot of
Add
$3,328,012
$1,713,693
—93,272
Balance
'89,
t5)
—381,437
&o
old aocounta,
6,327.270
("))
floa 'a June,
debited to prjt. and ICBJ
proflt;an4
Jan.
loss,
2,609,335
1
$3:i8,0S7
19,22l),3(!3
BalauceprofltandloBsDeo. 31,. $17,608,947 $19,229,369 $20,08? ,055
BALAHOB UKCEMIIER
aBNi:BA.L
31.
Aiielt.
If 87,
Construct'n. equlp't. *o. railroaag
betwce'i Pliila. A IMtaburji
81,0-8,003
Cost of Uouda of r.illroads
35,441,399
Oust of stoks of railroads
63,651.469
188?.
1889,
3i9>
Under the head of general liabilities will be noted Texas
school fund loan, $1.50,090. This loan Ls protected by a deposit
with the Fidelity Trust Company of Philadelphia of $167,000
new first mortgage bonds, more than sufficient to retire it at
any time. Also will be noted the item, interest scrip incomer
and land grant bonds, $332,933. This scrip is retirable
imder the provisions of the reorganization agreement witii
the income and land grant bond holderp. In the last annual
report the amount of this scrip outstaa ling was $014,342 ; of
this $280,000 lias been retired and canceled during the past
Sear. Of the old bonds unredeemed $.5.5,000 are temporarilyeld by the Texas
Pacific land trust, and can be considered
as redeemed.
The statement of amounts expended during the year for.
new equipment and other betterments shows a total of $498,627, of which there was charged to operating expenses $310,8,53
and to income account $187,773.
The following statement shows the classified tonnage carried during the years 1888 and 1889:
&
,
tost of biinii" and sfiH'ks and InveRtui'tauotorliorwlseeuuru't'd
Managcis of Trust created by
RR. Co. Oct 9. 1878
RU, oonaol. moit,, less
Pern.
Peiin.
9,610,239
7,710,798
8,828.517
3,907,141
re-
deeiDBd and eanotled
10,000
60.150
467.715
446.024
Coat of autlirailt.i.o.il lands
Seouritii-8 of United N. J. Comp's,
transtirred with lease
of United N, .1. Co'8,
transferred witii lease
Fuel iind materials on hand
8,978,261
,0,^1
10,000
68 150
89
446 021
i;05,l90
102.'
and accounts reoelvalle, and
amijuuts due irom otlier roads,
inclndinf: advance", viz.:
United N. J RR, & Canal Co. -
1889.
,
Mamif 'tares and merch'se..
Total
61,099
79.184
120,031
12.110
283,076
235,000
365,009
1,238,388
V
Per OenU
Tom.
to Total.
O-i^l
05-18
to Total.
2J-48
121.235
79.518
85,026
116,736
14,811
345,472
214,450
467,434
100-00
1,414,741
06 07
09-69
00-1)7
22 88
19 02
08-39
06-5O>
05-8»
08 0*.
Cl-OS
28-91
I4-8A
32-30.
lOO-OO-
There wore 484,938 bales during 1899 .ind 332,624 bales In 1388.
The earnings from through and local freights, respect;,
1889: '^Through, $2,430,384; local.
ively, were as follows
*
3,817,015
3,774,895
3,771,895
^.'i^.ovo
1,376.931
4,173,940
1.242,436
1,006,346
4,030,595
>',"<7"
3,7i:4,217
Bills
H.3.158
Livestock
Mis. animal prod. ots
Forest products
Prod. of mines (quanles.Ae,)
'
Equipment
Cotton bales*
Flour and grain
Mis. agricultural products..
10,000
87.350
,
Per Oen'.
Tom.
7.808.471
1622 030
Inaurancefuud
MortKasea and ground rentals
Freight balances due
1888.
.
84,131,800 90,101,206
3«,156,45t 35,919,813
65,428,789 66,106,632
m
$3,438,346.
-
" The New Orleans division is now in excellent condition^
and with a very small expenditure for additional ballast
can be maintained at as low cost as any line of railway runConstruction
2,072,120
2,466,86*
2.923.999 ning out of the city of New Orleans. The entire division ia
Siiikg. fund&rodempllon.
" 12-2 4«0
2,981.870
3 247,'. 99
laid in steel, and is safe for any speed which it may be desira„.,Re"'eata'e
1,610,739
i;767.440
i;873!o(i2
Phil, i Trenton— Construo'n..
During the year there were purchased some
1,025,405
1,048,596
l,23ri.082 ble to make.
Real estate
244,495
266.944
272,60t! two thousand tons of 63-pound steel rails, which were laid oa
pth._r C(inipanie8^
8.867,433 10,53ri,2:5l 13,897,5.'i4
the eastern division, where the traffic is very heavy. The
Cash balance in London
1,098,146
1,12(1,986
1,220.T16
Cash in hands of a<euts
2,082,294
2,589,162
2S76 741 lighter steel which was taken iip from this division was hauled
Cash in hands of Treasurer
3,521,799
3,233,014
4,733,350 west and placed on the Rio Grande division, to replace old
iron rails, of which there still remain on that division about
Total
228,715,033 233,061,538 246,013,759
356 miles. There are also 16 miles of old rail on the transLiubUitieg.
continental division west of Sherman. With these exceptions
1887.
.
1888.
Fundeddcbt
Mortgages and ground renU
Penns Ivania Co. for Insuriinoo on
Lives, Ac, "Trust oertitlcate.V'..
J. i Lan stoek guar.
"
4r.c.l)ontlsguar.
D
Balances
due other roada
Har. Ft. Mt.
'
..
,
1889.
and vouchers for Deo'ber
Cash dividend unpaid
Dividend scr p outstanding
Sundry accDi.uts due othir roads,.
Pay-rolls
Securities of thu United S. J. Go's,
iransfeircd with the lease
Equipment or United K. J. Co-8,
transferred with lease
Fund for the purchase of securlties guaranteed (trust o( Oct. 9,
8,174,000
1,182,550
700,00
786,190
6,245 211
96,533
1,301
8,560,685
8,089.000
1,182,550
700,000
911191
5,801,403
106,462
1272
=
12 431*843
^^,toL,o*o
3,817,015
3,774,895
?,774 895
^.ki.ovo
l,376,9sl
1,242,436
1,006,316
",o»u
.
.
—
Total
'l27!l89
1283
ll.SOlioSS
..-....
.
;
3,907,140
3,978 262
11 ortgnge bonds redeemed
2,767.656 3,127,616
Balance to profit and loss
17,608,913 19,229,308
f.}^''f
Consol.
the entire road is laid in steel. It will require about five thousand tons of new steel during the present year to take the
place of the worn rails on the Rio Grande division. The policy
of getting heavy steel and laying it where the traffic is large,
and taking the lighter steel out west, wUl be continued." * *
8,(89
l.lw 550
"The motive power and equipment of the road, with the
70o,000 exception of the passenger coaches, have probably never been
974 'iSO
Five hundred
6 6ir328 in such good condition as at the present time.
106,514.500 106,515,400 113,488,600
64,997,3fS3 61.O 1,498 67.208.165
1,948,956
1,958,786
2.92^381
£"P'i"l,'K''?
4,(
3
65,B95
391100
2o!oL8io50
new box
cars
and twenty-five 19x31-inch Baldwin freight locoth'' car-trust plan and delivered ia
motives were purchased on
the
eai-ly fall.
A
"
careful examination of detailed statements of expenses
of motive power and transixirtation will show that these
heavy locomotives have enabled us to make a very good showing, as compared with the previous year.
While the business
handled was largely in excess of the previous year, the expenses in the motive power department were $323,318 less,
and the freight train mileage shows a large reduction."
228,715,051233,064,738 246^4^759
" The Texas & Pacific Coal Company, whose mine is situated near Strawn, on the Rio Grancfe Division, has increased
fFor the year ending December 31, 1889.^
its output to such an extent as to be able to supply the Rio
The report of Mr. Jay Gtould, President, remarks : "In order Grande Division and Fort Worth Station. This coal is nowto make a comparison with the previous year it will be neces- being weU mined and properly screened, and is giving good
will have contract with them during the^
sary to bear in mind that in the rear 188S betterments were satisfaction.
charged in separate accounts, wherea* in 1889 §310,853 of bol- present year (1890) at $2-50 j)er ton f. o. b. at mine. Up toterments were charged direct t» operating expenses. Not- the present time no -vevj considerable amount of this coal has.
withstanding this fact, the per cent of expenses, as compared been used for commercial purposes beyond the line of the Rio
Grande Divifion. It is to be hoped, however, that they will
with the previous year, shows a decrease of 8-98.
If
betterments had been charged to separate account, the per soon be in a position to have such an output as will enable thia
cent of expenses would have been only 68-7, or a decrease of company to realize cmsiderable revenue from that source.
8-6 per cent.
There was no appreciable increase in the re- The Transcontinental Division is supplied from mines situated
ceipts durmg the first six montlis of the year, but during the on the St. Louis & San Francisco I«iilway, and delivered at
Paris at cost of $2-75 per ton. The Eastern Division has been
last six months the business of the road was larger than ever
before, and shows the handsome increase of $,543,416, as com- supplied heretofore with coal from the Lehigh mines, and cost
pared with the previous year. Rates, as a rule, were well $3-05 to $3-10 per ten, delivered on the line. Pittsburg coaJ ia
mamtained. Net earnings for transportation compared with used on the New Orleans Division, and costs $3-25 per ton
the previous year show an increase of 1398,930, or over 87 per loaded on cars at Gouldsboro, or $3-15 per ton at Plaquemine."
cent."
The company at the close of the fiscal year was practically
The comparative statistics for 1888 and 1889 have been
free from debt, its available assets being sufficient to meet all
compiled for the Chronicle as follows
its obligations.
The current floating indebtedness at the close
OrKRATIONS AND KISCIL RESULTS.
of the fiscal year was as follows
1888.
1889.
Miles
operated
1,487
1,497
Vouchers and pay-rolls unpaid. Including bal—
ances duo other roada
Operationg
$307 191
Equipment obligatl. ma
"1 38"!4i7
Pa-sens e:s carried
956,171
1.054,083
Interest due and accrued
Pas en gor mileage
£.8.4 2,791
61,5(»8.S0»
2.'4,439
&
Texas
Pacific Railway.
We
:
:
Unadjusted accounts, in suspense
„„•
u was offset
« . by
Which
Due from agents and
'..'..'.
$1,634,710
Rate pi r passenger per ail}e
Frt-lght (:ons) moveil
F.eiglit (tlm^) liUe.ige
Average rate per ton per mile
foreign roada
Cash on liaud
Land notes receivable
Material on hand
Unadjusted accounts
2151628
:
Eamiiigs—
,*996,14e
,^21
,.
I!?!!!"!!
.!".!!.!!!
118
Pas-senKtr
167093
Frelniht
169'»48
8'i565
Mai), express,
_$' ,636.871
Ac
Titalgrtsseamngs
2-66 ctJ.
!,23j,3^8
323.151,906
l-33ots.
2
72
etsii
1,444,751
36',«3-i,642
1'34 ote.
S
*
1,556,735
4,330,lf7
437,544
1,675.474
4,853,630
388,198
6i374,386
0,917,80a
••*!
THE CHRONICLR
360
1889,
MaiDiciixi ce of
Maintciini ctX)f
Motive
way
cms
lion-cr
Trani-p>it
tl
1
1,241,69?
283,rjl.1
:.fii3.v'42
1, '24,772
,73*, 559
l,'i<J1.087
'n
Tnxes
143,2 3
QLii.ral
19;;,737
173,118
209,717
5,t71,(>69
1,30'",717
5,246,058
1,671,744
7L<'d6
';5-83
Total
NetearningB
PcfT cent ot oper, e:ipeDsea to earnings.
..
•
Total earnings
Oper. expenses <& taxes.
I>iabur8evtei< tn
—
Reutule and sundries
Interest ou debt
Expeni'ea prl.ir to December
£(iulpmenc, <Jto
1,
IS 88.
18SP.
1.302,-17
130,U33
1,671.741
1,433,653
1,8.50,653
73.461
916,792
26^,670
1837.
17f-,9u9
log.ce.-i
1,279,190
174.164
1,250,<^29
Total di8bt!'-s"nient8
Balance, f^urp'us
132.724
._
GENEKAL BAL.kNCB AT CLOSE OF B.^CH Fiscal
1888.
Aa-iefs
New
1,563,319
287,334
1,395.1(^6
672,165
797,594
1.445,900
849,990
1,402,467
851,029
457,286
597,502
595.910
551,438
Net earnmi-s
KR
1887.
1839.
18S9.
597,592
27,159
595.910
25,828
551,438
33,527
—
501,309
621,751
621,738
584.935
Interest ou bonds
*327.765
441,120
26,4„4
441,120
2l,497
441.120
26,491
Total
Disbursements
Rentals
2i»,500
,
Car trust obligations
155,919
.
Miscellaneous
Total disbursements.
513,184
Balance, surplus
def.11,875
Half interest only paid on N. Y. Sas.
"2,699
'l2;955
4: 0,318
151,420
480,567
104,398
& W.
and debentares.
ilrits
OE.NBRAL BALANCE AT CLOSE OF E.VCH FISCAL YEAB.
1888.
owned...
Betieriu<'iti
Materials, fuel, &o.
1«.87.
1S83.
18=!9.
RR.bulWgs,equip.,*o. -27,031.081 27,940,023 28,059,145 23.257,322
StocksAbds owned, cost 1,924,031 1,354,953 1,330,315 1,221,912
Current aooountii
179,>-55
lH2,87ti
421. 5H2
57 2,155
Bills reeeiv. & advances.
16i>,5x3
431,460
369,183
312,254
Materials, fael, &o
2S,607
3i,813
24 158
35,682
Ca«honhand.
117.108
21,156
130,417
80.190
Miscellaneous
51.942
11,717
J
Cashrn Land
Due fioui ajrents, &c
Land noKs receivable
—
MlECeilaneous accounts
Total assets
Total
—
Capitaletoik
Bonds and
interest scrip
Equipniei t and other notes....
\'ou< berg and pay rolls
Interest due and accrued
s
.
Total liabilities
95,207,734
94,9a3,232
38.7C6.800
54,516,942
S8.710,9C0
54,278,34)
387.448
706,251
224.J39
398,519
287,335
21^,'JOl
749,7tiO
;
Income a count
216,529
586 078
182,725
95,207,735
;
New York Susquehanna & Western
2t',532,t
LiabilUus —
Stick
Funded debt
Funded coup.ob)l?at;ons.
BiUspayable
..
;
Coal trust notes
Sundry accounts*
Car trust ooligatlons
Land derartment
Pjoflt and loss.
5)4,923,232
Consists of Texas & Pacific 2d mortgasre bonds, $1,763,000 S^,951,000 Ist iLortgage b ud-j held to reiire IsC mortgage E ister i Division
bonds and Texas School Fund loan; and $43,147 other seouiiiies.
•
YFor
"2,54'i
470,155
154.596
,
et )ck
Goid)u coalmine
Other aceouu
1,055,729
24,677
27.292
33,083
22,160
9,453
l.li'9,75'.!
2.1.1 18
1886.
1889.
Bonrls owned, cost
Liobilitief
279,.'S25
S
457,286
44,023
Net earnings..
Other income..
*
—
actount
Orlenns Pacific
S
1,129,441
Bailroad. buildin!?s, equipment, 4 c
*^»r iruat
1889.
S
259,522
1,1 78.635
26,933
20,253
9,843
rSCOME ACCOCNT.
s
Tital income
1888.
a
261.580
L.
247,155
830,954
24,386
18,977
7,!69
Pa^seng. IS
Freight
Car service
Mail, exprefB. &c...
Miscellaiiious
INCOME ACCOCKT.
Net eiirnt ire
Other receipt')
1887.
1886.
Earnings from —
$
1,018, 440
2^3.fi3l
[Vou
Total liabilities
35 29,903,257 30,375,139 30,631,621
21,000,030 21,000,030 21,000.010 21.000,000
6,850,000 8,13ii,0J0 8,136,001) 8,136,000
186.0J0
135,000
195,009
349,000
2t)8,022
135,000
202.797
662,516
408,881
667.745
789.983
43.088
51,538
55,088
39,988
27,645
183,385
331.803
429,017
29,532,535 29,903,257 30,375,139 30,631,621
•Consists of current accounts, audited pay-rolls and vouchers,
B. Bartleti, trustee, and inieroat aud lentiU accrued bal not due.
Jolm
West Jersey Railroad.
Railroad.
{For
December 31, 1889.^
December 31, 1889.^
The annual report of the West Jersey Railroad, with its
of the President, Mr. Simon Borg, states that the
net earnings from traffic as compared with those of the pre- leased and operated roads, for the year 1889 shows the followdecrease in
vious year, show a decrease of $40,337. This loss is due ing in comparison with the year 1888, viz.:
wholly to the depression existing during the past year in the gross earnings of $39,864, an increase in expenses of $44,939,
anthracite coal trade.
The passenger and miscellaneous resulting in a decrease of net earnings of $74,803. The abov«
freight business has shown a most satisfactory increase during figures include the earnings and expenses of the West Jersey
Atlantic Railroad.
There were paid two dividends of 3
the year the increase in passenger revenue being $17,945 and
per cent each on the special guaranteed stock of the West
in miscellaneous freight $20,606.
Jersey
Railroad,
amounting to $7,335, and two dividends of
The management appreciate the benefits to be derived by
the company, on the completion of the second track between 3/^ per cent each on the common stock, amounting to $140,Hackensack arid Paterson. and will, as soon as practicable, 883, leaving the amount to be transferred to the credit of
profit and loss for the year $57,917.
Add amount to credit of
push the work of construction between these points.
The coal tonnage of the company for the year was 650,631 that account December 31, 1888, $361,134, and $3,347 received
tons— a decrease as compared with that of tlie previous year from sale of Delaware lands; total, $433,389. Prom which
of 56,451 tons, or 7-98 per cent. The decrease in the coal ton- deduct amount expended for extraordinary repairs an 1 imnage during the past year was caused principally by the ex- provements, &c., $43,164, leaving a balance to the credit of
tremely mild winter, which necessitated a large reduction in profit and loss on December 31, 1389, of $379,134.
During the year 1889 the seashore was visited by unusually
the year's production, and the company suffered, with the
severe storms in January, April and September. The storm
other coal carriers, in this respect.
The company now has, in connection with the Pennsyl- of the latter month was particularly severe and caused serivania Poughkeepsie
Boston Kaihoad, a direct connection ous damage to the seashore branches. The damage thus
with the Poughkeepsie Bridge, and is in a position to reach caused interrupted the movement of trains on portions of th«
the eastern markets on as favorable terms as that of any other road from one day to two weeks.
Comparative statistics for four years, compiled for the
coal-carrying company and with arrangements which have
been perfected the management feel confident that the cjal Chronicle, are as follows:
sales of the company, in a fair condition of trade, will be
FISCAL BESULTS.
largely increased in the near future.
1883.
1889.
1887.
1886.
The report says " The policy of your management looking
222
219
198
209
to the future success of your company is to secure control of Mitts operated
EarnUtgs
$
9
$
as much additional coal property as is justified by the re953,578
920,155
955,914
Passenger
$850,491
sources of the company. Acting under this policy your com- Frelnht
4 72,085
439,051
429.273
398.874
pany secured control of 550 acres of additional coal lands dur- Mail, ejpres8,&c
13.1,540
128,034
119,357
l<.3,091
ing the past year. The control of these properties necessitated
Total
gross earnings. .1,352,458 1,469.2 15 1,556,033 1.526,l«9
an e.xpenditure in the form of advances up to December 31st, Op. expeubui and taxes... 849,1e4
976,257 1,051.131 1,099.070
1889, of $100,000.
The company is amply secured for these
427,099
5ljl,D02
Net caralngs
503,274
492,958
advances by first mortgages upon the property, which advances are repaid, both principal and interest, at a specific
INCOME ACCOUNT.
rate for each ton of coal mined therefqom, and deUvered
to
1889.
1888.
1887.
1886.
the company for transportation. There was due the company
Receipts—
$
$
December 31st last, account of advances made producers, with
427.099
501.902
Neteamln™
493.958
601.274
whom your company have transportation contracts, the sum Other
27.973
27,343
receipts
21,350
20,3j7
of $403,368, all of which is amply secured by mortgages, and
455,072
529,260
Totalinoome
524,624
513,315
will be fully repaid with interest in the manner above
mentioned."
IHsbtirsements
$
31,-97
30,160
39,154
41,74.5
The company contracted in July last for the delivery of 400 Rentals paid
175.000
175,171
182,343
twenty-five ton hopper bottom coal cars at an axgi-egate cost Interest on West Jer. debt.. 1 30.174
43,573
82,7K8
Neteani.of W.J.&A.KK.,aic
90,081
90,652
of $160,000. These cars were not delivered and placed in .'Ser- Divldenils
141,217
133.032
89.140
89,142
7 p. e.
vice until December last, and tlie cost of the same is not in- Rate o( dividend
6 p. c.
fa p- c.
6p. o.
48
Miscellaneous
cluded in the accounts of the company for the past year.
The comparative statistics for four' years have been com397,150
Total disbursements
427,489
401,140
401,291
piled for the Chronicle as follows:
L23,484
67,922
Balance, surplus
101,761
112,524
the year ending
the year ending
The report
A
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:
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March
THE CHRONICLE
8, 1800.]
Terminal Railroad Association
(St. Lnuls).
December ZX, 1889.^
fFor
President Wm. Taussig, of the Termiual Railroad Association in St. LouiH, maljes Iiis annual report of the operations of
the St. Louis Bridge and Tunnel. In his statemont to the
the year ending
directors Dr. Taussig says
:
"On
188 J,
the 10th of October,
your company assumed, by virtue of the assignment of the
Bridge and Tutmel lease to it, all the fixed charges of the
properties, and also tlie interest on the outstanding |.5,000,000
of bonds of your company, which interest cUarge ta&es the
place and is in heu of all former fixed charges on account
of the terminal properties and of the Union Depot, all of
which are now embraced within your ownership.
"The annual fixed charges which the company assumed,
and which the proprietary lines, owners of the properties,
agree to pay, are as follows:
Interest on $7,000,000 bonds of the
EentaU
St. Loiiln
Bridge
<fe
Tunnel
new
RR —
$31.'5,000
Isaiie
350,030
IW.'ioo
9^,000
IntJ-reston bonds
DivlU-nd on ilrit jneferred stock
Dividend on second preferred slock
Dividend on Tunnel stock
To maintain corporate organization
7.=>.000
2,50u
$981,900
Total Hxed charges
The earnings of the properties in 1889 were
Gross earnings of bridge and tunnel and terminals during
$l,741,ni4
year
?.
Less expenses same period
82^,970
:
Net earnings
f912,')38
To whloli add net annual
Union Passenger Station
rental from railways using
tlie
113,500
$1,026,498
Total net earnings
From which it appears that in 1889 the properties earned
$134,598 in excess of the fixed charges on the basis of a
f.'i, 000,000 issue, and $44,598 in excess of all fixed charges and
rentals on the basis of the entire issue of $7,000,000 or, in
other words, that if your company had been in operation in
1889 there would have been a net gain of $134,598, after paying all fixed charges.
The earnings for 1889 from all sources show an increase of
$38,614 over the earnings of 1888. There was an increase in
freight earnings of §47,871, but a decrease in passenger earnings of $18,886.
;
FRKIGHT TRAFFIC.
loaded cars east was
TlieLumbarot loaded cars west was
93,090
131,114
Beiura
224,204
Thennmhernf
Number
total of loaded freight cars of....
of loaded freight oars, 1S88
'tT.'.
21.'i,9o8
8,216
1.232,427
Increase
The east-bound tonnage amounted to
The westbound tonnage amounted
2,10it,38S
to
Total tonnage in 1883
Total tonnage in 1888
3,341,815
3,143,183
198,633
Increase
The average load per car was 14,905 tons, or 29,810 pounds.
The total number of empty cars carried was 153,358, being
68 -4 per cent of all loads.
rASSE.VOER TRAFFIC.
Total
number of passengers
carried in ISSOwas.
1,4.33.399
1,4T5,264
In 1888
Uuniber of passengir coaehes earrlel
Number of baggage, mall and express cars
103.164
44,086
147 2.50
140,114
Total
In 1888
7,116
14
Increase
Average number
of pasjengers in coach
The Chicago & Alton carried 226,085 pas?engers across the
bridge during the past year the Ohio & Mississippi, 197,611
the Vandalia, 174,203 the Big Four, 123,723 the Cairo Short
Short Line, 79,548 the Wabash, 144.518 the Mobile & Ohio,
46,450 ; the Toledo St. Louis & Kansas City, 9,378 the Louisville & Nashville, 116,570
the Chicago Burlington & Quincy,
29,601
the Illinois & St. Louis (Belleville line), 103,267, and
the Bridge Company, for the stock yards, 50,016.
;
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;
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GENERAL INVESTMENT NEWS.
Ameritan Cotton Oil.^Judge Wallace, in the United States
Circuit Comt in this city, has given a decision in the case of
Wall against four of the nine trustees of the American Cotton
Oil Trust, in which the plaintiff sought to prevent the consummation of the reorganization of the Trust. In denying
the application. Judge Wallace says: " The suit is an attempt,
by indirection, to control the management of a tru,st fund
without giving some of thote who are charged with the duty
of managing it a right to be heard."
—
AniPrican Rapid Telegraph. At Chicago, March 4. a decree of forpclcisure was entered by Judge Blodgett in the
Bost.5n Safe Deposit
Trust Company suit against the
&
American Kapid Telegraph Company. The Rapid Company
has defaulted on bonds to the amount of $3,0U0.000, with interest since March 15, 1884, and the Federal Court in Connecticut decided that the property of the telegraph company
should be sold, and the expenses of the litigation and the
claims of the mortgage paid, after which any balance is to be
ratably distributed
among
the bondholders.
A
similar decree
851
was made in New York, and Judge Blolgett's decree coTem
the properly extending fretn Cleveland, Ohio, to Chicago, via
Freeport and Hammond, Ind.
Atchioon Topeka & Santa Fp.—In regard to the acquisition
by the Atchison Company of Atlantic & Pacific 2d mortga<re
bonds, Vice-President Reinhart is repf)rted as saying: "In the
plan of reorganization there were reserved $23,478,000 of the
new general mortgage 4 per cent bonds, against an eqnal
amount of old issues of seven different classes, which issuea
were to be made the subject of siiecial treatment in the future,
as stated in circular 63 of October 15. Among these seven
issues were $2,800,000 of A. & P. RR. Co. Western Division 2d
mortgage
per cent bonds. Tlie Atchison Co. has acquired
Ihese bonds on terms entirely satisfactory and with profit to
the Atchison Company. Tlie total issue of Atlantic & Pacific
2d mortgage bonds is $5,300,0' 0, the principal and interest of
which are guaranteed severally but not jomtly, each one-half
by the Atchison and St. L. & S. F. companips. There is no
distinct separate guarantee of any numbci' of lx>nds on the
I>art of either company, but both guaranteed all bonds and
coupons. The Atchison Company in acquiring half of the
total issue in effect acquires that for
which
it is
responsible."
In further speaking of the subject, March 7th, in Boston,
Mr. Reinhart is reported hy telegraph, through Dow, Jones
& Co., as saying that "there is no foundation whatever for the
attack that has been made upon Messrs. Kidder, Peabody
Co. in this exchange. As a matter of fact the exciiange
should be considered a most excellent piece of financiering in
connection with the plan of reorganization. The A. & P. RR.
is the only connecting link that the Atchison Co. has between
the Pacific Coast and its property in the East. A loss of the
A. & P. Road to the Atchison Co. would be irreparable, as it
would involve as well its California properties and would cut
off entirely all Pacific Coast business, which, as is well understood, is carried over the entire main line of the Atchison Road. T"he issue of the second mortga.ge bonds of
the A. & P. Railroad is $5,600,000, one-half of which, the
amount recognized under the reorganization, as stated in Circular 43, is $2,800,000. The entire issue of the bonds was sold
at 90, the price the Atchison Co. received. A defatdt of the
interest on the A. & P. 2ds insures control of the A. & P. property to to the owners of these bonds. At a full Board meeting
in December last, when announcement was to be made of the
success of the general reorganization plan of the Atchison Co.,
it was voted to negotiate for a majority of the issue of A. & P.
bonds in pursuance of the reorganization plan, on a basis of
$1,000 new general mortgage four per cent bonds and
$100 5 per cent income bonds for eaoii $1,000 6 per cent Westem division A. & P. bonds. These bonds were to be exchanged
as of January 1. The bonds of the Atchison Co. paying 4 per
cent interest of that date lifted a bond of the A. & P. paying
6 per cent interest March 1.
' In the transaction the Atchison Company saved $56,000
annually in its half of the interest on the entire issue, as it acquired with its 4 per cent bonds the Western Division A. & P.
6s.
The prices which prevailed Jan. 1 for the new securities
of the Atchison were 8254^ for the new 4 per cent bonds and
5234 for the income bonds. At this rate the Atchison Company gave a market value of 87}^ for a bond for which it had
obtained 90.
"The firm of Messrs. Kidder, Peabody & Co. derived no advantage whatever on the exchange of the bonds held by them
over any other participants in the exchange, but all entered
on precisely the same terms. The bonds were acquired from
holders in Boston, New York, London, Amsterdam and Paris,
some of the largest holdings coming from the latter two
places.
Large amounts of the bonds were held by other persons in Boston than Messrs. Kidder, Peabody & Co.
"It should be understood that for all interest paid by the
Atchison Company lands at 75 cents per acre are turned
over by the
& P. Co. The Atchison Co. lias ju-st received
$1,624,000 of A. & P. lands on account of past interest paid.
Tlie acquisition of the bonds by the Atchison Co. does not
invalidate its claims for lands to be received for advances to
A. & P. Co. for interest. These advances are made in fuU,
but collected a.s the holder of the bonds secures the lands, and
returns the cash as well.
" It should be well understood by every one who has the interest of New England at heart that attacks are likely to be
made upon the successful business moves of the Atchiaon
Company while the Voting Trust measures are being accomplished.
It is perhaps not improper to state here that there is
every reason to believe that tliis protective voting trust will
be entirely successful."
&
A
Baltimore
& Ohio.— Piltsbnr? & West Virginia.—There
has been recorded in Han-ison County, West Va., a mortgage
from the West Virginia & Pittsburg RR. Co. to the Mercantile
Trust Deposit Co. of Baltimore to secure the payment of bonds
aggregating $4,000,000 and pavable 100 years from date.
lease from the Pittsburg & AVest Virginia RR. to the Baltimore & Ohio RR. for the term of 999 years was also recorded.
The lease is for the railroads now being built in the interior of
the State from Clarksburg to Weston, from Weston to Braxton Court House, from Weston to Buckhannon, and from
A
Buckhar.non through Upshur, Randolph and Webster CounNicholas County, a distance oi 175 miles, with all the
ties to
branches extensions, depots, real estate and rolling stock.
Called Bands.- Louisville & Nashville.- General mortgage 6s of 1880. due June 1, 1930. In our advertising columns
will be found the numbers of 104 of these bonds ($1,000 each),
THE CHRONICLK
352
rvoL. L.
which will be redeemed at 110 at the company's office, 50 ExThe proceeds of assessments will be used (both before and
change Place, on June 1, 1890.
after foreclosure) by the committee and trustees for the purCanadian Paclllc A bill authorizing the Canadian Pacific chase of floating indebtedness, acquisition of equipment and
Btulway Company to issue further bonds to the extent of the betterment of the property, and for such other purposes as
^6,000,()00 to aid in the purchase of ocean steamships, passed the committee and trustees may deem for the interest of the
parties.
The immediate necessities of the company are about
its final reading in the Dominion Parliament on the third inst.
Power is also given the company to lease or acquire running $1,150,000. This will leave a cash balance of $184,730 for
reorganization, expenses and for contingencies, to which
power over other roads in Canada and the United States.
—
—
On Thursday Chicago Gas stock was weak
the news that F. M. Charlton, a lawyer of Chicago, had
brought proceedings in his own name to wind up the Chicago
Oas Trust in pursuance of the recent decision of the Supreme
Court. The Chicago Court is asked to appoint a receiver to take
charge of and sell the property, and to grant an injunction
restraining the Trust from disposing of any of its assets. An
injunction against the payment of dividends is also desired.
The attorney of the Chicago Gras Trust in Chicago said "I
do not think the present suit to wind up the affairs of the
Trust will amount to much, as the Supreme Court did not hold
that the Trust was illegal, but ruled that it was performing
illegal acts.
The charter of the Trust is valid, and the only
way to attack the Trust successfully was through quo warranto proceedings, and these proceedings are BtUl pending.
The motion for a rehearing is not yet decided."
Chicago Gas.
on
:
balance will be added the net earnings of the property from
July to December of the year 1889.
Under the plan of reorganization the fixed charges will be
about $175,990 per aimum. The agreement is now on deposit
with the Central Trust Company, and security holders should
deposit on or before March 31, 1890.
Cleveland Ciueinnati Chicago & St. Louis.- The earnings,
expenses and charges for the month of January and the seven
months ending January 31, compared with the previous year,
were as follows:
^—January.
1889.
Oross eaiingi
Operating expenses..
Netearnings
rnt.,taies,rentals,&0
.
1890.
July
.
1 to
18»^8-P9.
Jan. 31.
1889-90.
,
$871,213
654,356
$957,273 $6,879,973 $7,463,267
641,959
4,S27,365
4,530,202
$216,857
236.526
$315,314
233,418
$2,310,771 $2,635 912
1,672 125
1,689,141
Net Income
def. $19,669
$81,896
$638,646
$946,771
Panl & Kansas City.—The following is a state"
Columbia & Fort Deposit —This line, 40 miles long, extendand net earnings for the six and twelve
ing from Columbia, the terminus of the Pennsylvania Canal,
months ended December 31, 1889 and 1888:
to Port Deposit, Md., where it connects -with the Philadelphia
Julu 1 to Dec. 31.
Jan. 1 to Dee. 31.
Wilmington & Baltimore Railroad, was sold at auction in
1888.
1889.
1888.
1883.
_
tJross earnings. $1,442,393
$2,150,661
$2,458,379
$3,486,254 Philadelphia, March 4, at foreclosure sale to George Kugler,
Oper. expenses. 1,005,731
1,546,079
1,929,492
2,595,815 an agent of the Pennsylvania
Railroad, for $1,890,000, the
Net earnings $436,<!62
$604,582
$528, '387
$890,639 amount of the mortgage. There was no other bidder. The
Pennsylvania Railroad owned nearly all of the bonds and the
Cincinnati Jaclcson & Macliinair. Messrs. Frederic A.
Brown, J. Kennedy Tod, Samuel Thomas, R. T. Wilson and State of Maryland owned the rest. The sale was made in
C. M. McGhee have agreed to act as committee and trustees pursuance of an agreement between these creditors. The
for the purpose of reorganizing the affairs of this company. A road wiU continue to be operated in connection with the
Pennsylvania system.
previous plan offered has failed to become effective.
Colorado Coal & Iron Company.— The New York Sun states
The amount of capital stock and funded debt (other than
than the securities held by the trustee as security for the that when Mr. E. J. Berwind was made President in April,
«xisting bonds) are as follows:—Preferred stock, including 1889, this company had a floating debt of about $650,000, and
$363,000 reserved to take up income bonds of Central Division, experts estimated that at least $400,000 would be required to
$5,867,000; common stock. 110,413,835; first mortgage consoli- renovate its furnaces and other manufacturing plant and put
-dated 5 per cent bonds, $2,090,000; first mortgage Central its mines into such a condition that the entire property could
Division 6 per cent bonds, $1,176,000; income Central Di-vision be worked efficiently and profitably. To raise the money for
€ per cent bonds, $363,000; in addition to above there is due these purposes an auxiliary company was formed, known as
•for supplies, taxes, interest and on notes of the company about the Colorado Coal & Iron Development Company. The capital
^ ^
stock of that concern belongs to the parent company. It pur*450,000.
It is the opinion of those acquainted with the property that chased a comparatively small proportion of the company's real
estate near Pueblo, and friends of the enterprise subscribed for
ita earning capacity can be very greatly increased by an
adequate expenditure. The actual immediate necessities of $300,000 of the $1,000,000 of short-term bonds that were issued
the company are as follows: New equipment and repairs of against the property purchased. The purpose of that issue
Toadway and shops, $700,000; taxes and floating debt, $450,- was to pay the parent company for the land and thus put it
immediately in funds. The remainder of the issue is still in
•000; total, $1,1.50,000.
Every effort was made by the officers of the company to the treasury of the parent company, the Colorado Coal & Iron
•raise the necessary capital, but without success.
The interest Company, and is in addition to $800,000 of land notes and
-on each series of bonds is in default and foreclosure suits are cash held by it. The plant of the Coal & Iron Company inabout to be commenced. It is absolutely necessary that the cludes two blast furnaces, each of which has a capacity of 130
«ecurity holders agree upon a plan of reorganization. To this tons a day. One, however, will not go into blast until April.
As indicating the increased valuation of the company's real
end the following general plan is recommended:
That the road be bought in by the committee at the fore- estate, chiefly in consequence of the work done by its auxiliary
-closure sale, a new company organized (if necessary) and new corporation, it may be noted that its taxes this year are $80,securities issued as follows:— $3,266,000 first mortgage 4 per 000, against $40,000 last year. " Under the mortgage securing
<5ent bonds at the rate of about $10,000 per mile; $18,416,085 the Colorado Coal & Iron Company's first mortgage bonds,
each piece of the company's property is obliged to contribute
common stock.
Should it be thought best by the committee the mortgage a certain percentage of a specified valuation to the sinking
may be increased to $12,000 per mile, the excess over the fund for the redemption of the bonds secured by the mortamount required to take up the outstanding bonds to be left gage. This provision was complied with in the transaction
in the treasury of the company, and issued only for the pur- with the Development Company. That concern is working
its way out of its investment satisfactorily, and its operations,
poses to be specified in the mortgage.
which have been conducted at an expense not exceeding a
The above securities will be used as follows:
Bonds.— f 1,176,000 of the new bonds to be exchanged, bond f.ir bond commission of 10 per cent tc agents, have enhanced the value
of the parent company's adjoining property. The floating
for the present Cincinnati Van Wert & Michigan
first morrgage 6 per cent bonds.
debt of the company has been reduced to $310,000, which is
2,090,000 of the new bonds to be exchanged, bond for b nd, secured, and besides the company
has in its treasury land
1 .r the present Cincinnati Jackson & Mackinaw
«
»
*
*
notes and cash aggregating nearly $800,000."
consolidated flist mortgage 5 per cent bonds.
"In consequence of the development of the company's prop$3,266,000 total new bonds. Interest to December 1. 1889, erty, that is here barely outlined, a radical change
in the
On the old bonds of both issues to be paid In caxh
ownershi{^ of its shares has taken place; in fact, the change
on (iellvery of new bonds.
«roCK..— $363,000 of the new stock to be given to the holiler-i of the has been so complete that the Board that will be elected at the
outstanding Income bonds of the Cincinnati Van annual meeting of the stockholders next month can now be
Wert & Michigan Railroad Company at par upon announced. Messrs.
E. J. Berwind of this city and H. 8.
*''® payniont of an assessment of $50 per bond.
. ,,v
0,504,000 or th3 stock to be given to the holders of the Grove and W. A. Dick of Philadelphia will be re-elected dipretent preferred stock of the Cincinnati Jackson rectors, and the following will be associated with them:
& Mackinaw Riilioad Company, share for share,
upon the payment of an assessment of $5 per Chester Griswold, formerly of the Rensselaer Irons Works;
Frederick Lehmann of Nay lor & Co. of this city and LonBhar«.
10,413,835 of the stock to be given to the holders of the don; Ernest Thalmann of Ladenburg, Thalmann & Co.. Henry
sent
common
stock
of
the
Cincinnati
Src
Jackson & K. McHarg, of this city; M. D. Thatcher, President of the
lacklnaw Railroad Company, share for share,
First National Bank of Pueblo, and D. F. Morey, a leading
upon the payment of $10 per share.
«78,250of thestockio be glren to holders of Cincinnati merchant of Denver."
Van Wert & Mich gan first mortgage 6 per cent
International & Great Northern.— The suits to foreclose
bonds, being at the rate of $750 In stock for each
the mortgage bonds in the District Court of Smith Coimty,
$1,000 old bond surrendfred.
1,257,000 of the stock to be given to holders of Cincinnati Texas, came up for hearing on preliminary motion at Tyler,
Jackson & Mncki law 6 per cen"; consolidated
Texas, on the 37th ult. The Missouri Kansas & Texas filed a
bonds, being at the rate of $600 in stock
Chicago
«cient
of
St.
gross
.
.
.
.
—
—
,
$1,000 old bond surrendered.
The
$18,416,085 total stock of new company.
assessment on preferred stock will give
Ooromon
stock
Xnooiue bonds
lor each
protest against the State Court taking further action in the
premises, because it has removed said causes to the Federal
oourt.
"The Court refused to entertain the plea, whereupon
$275,200 00 the attorneys for the bondholders moved to strike out the in10413-0 35 cervention of the M. K.
T. Co. which motion was also re18,150 CO
fused.
It was then agreed to adjourn to the September term
' of the court.
It had been understood that no sale of the road
$1,334,730 35
&
,
March
8,
TOE CHROmCLR
1880.J
353
would probably be had until the fall under any circumstances, erty. Where title did not pasH, or where it was a caae of
and in view of the technical nature of the defense as inter- casement rather than fee, the elevated railroads claimed that
posed, it was agreed by the representatives of the bondhoIdiiiK tlie advantages should bo reckoned. The Court of Appeals
interest that it would be better to let the case go over until has sustained this position.
JT^
•' Vice-President Gallaway, of the
Manliattan Railway, baH
September, and then be fully prepared to prove the entire debt
that the effect would be that hereafter no damages would be
and to produce the bonds themselves in court.
The following statement is taken from the Receiver's annual paid unless they had been suffered; that the decision would
report, showing gross earnings from February 21, 1889, to be of little value to the comixiny below Fifty-ninth Street,
because the damages to the bulk of the ])roperty on th is part
February 20, 1890:
$2,972,408 of the line had been settled. He suggested that there could
Fret Kht earnings.
818,275 now be no claim for property damage above Fifty -ninth
PaHHtit^ror oaruliig8
-.»
.,
MalleiirnliiKH
S?'*^'-^
Street, where values had been improved two or three fold by
83,0S)1
Expi-pss earninga
49,574
MlsccUaneoua earnings
$4,025,300
$2,535,114
Total
OperatlDK Pxpensea
Eztraurdinary expenses
465,2-10
$3,000,360
$2,025,000
KctearnlnRS
$841,243
Cashonljanrt
Jacksonville Southeastern. In the Circuit Court at Salem'
111., Judge Burroughs on Feb. 28th granted a decree of foreSoutheastern
closure on the mortgages of the Jacksonville
Railway Company to the amount of $1,100,000. He holds,
however, that the judgments (some $60,000) obtained by certain Centralia property owners shall be prior liens to the extent
of constitutional damages, and gives the bondholders the
right to reopen the cases for the purpose of ascertaining what
the amount of constitutional damages is. An appeal will be
made by the bondholders to the higher courts against this
Centralia claim.
Totiil
—
&
Kananha & Ohio.—At Columbus,
Ohio, March
4, 1890,
the
&
the building of the elevated railroads."
Tbe Board of Directors of the Manhattan Elevated Railway
Companv have voted to retire their outstanding scrip issued
for diviclends on April 1st.
—
—
IHIssonri Kansns & Texas. The Olcott Committee on Re>
organization has formally declared its plan effective.
The
deposits of general mortgage bonds under its plan aggregate
all of the issue except about $200,000 bonds, and all but 24,000
shares of the stock. Of the guarantee fund to i>ay off the 7
per cent bondholders, the holders of general mortgage bonds
and of the stock have subscribed $13,000,000, leaving less than
$5,000,000 to be provided by the guarantee syndicate.
That
amount will be offered first to the security holders who have
already accepted their rights, and what they do not subscribe
for will be taken by the sj^ndicate.
The first instalment of S
per cent on these subscriptious is due on March 17.
Nashville Chattanooga & St. Lonls.— The Nashville Amer'
ican says
The report of the Nashville Chattanooga
St.
Louis Railway for the last decade, prepared for the eleventh
census of the United States, presents the following interesting
information
The mileage has increased from 453 to 658,
number of stations from 88 to 128, number of locomotives
from 87 to 103, number of cars in passenger service from 46 to
&
:
Ohio Railway was sold by P. W. Huntington, Special
Commissioner, under a decree of foreclosure ordered by the
United States Court in favor of the Mercantile Trust Company of New York. It was purchased by Nelson Robinson 76, number of cars in freight service from 1,188 to 2,434, nu mand W. B. Post, representing bond and stock holders and ber of employes from 1,543 to 2,499 freight traffic has inother inter^ts, for $505,000. The road was purchased subject creased from 1,229,599 to 2,018,672 tons, number of passeng era
from 212,277 to 823,957, earnings from $2,099,155 to $3,300,1 65.
to the mineral division mortgages.
KeiUisbnrg Bridge (Iowa Ceniral).— Owing to the abOhio & Northwestern. This railroad will be sold in foresence of important interests at the meeting held this week at closure March 13 at Cincinnati.
the Central Trust Company, no conclusions were reached. NePennsylvania Ponghkeepsie & Boston. President W. W.
gotiations will be continued in Boston next week.
Gibbs, of the new Pennsylvania Poughkeepsie & Boston RailLnnisiana and North Carolina State Bond Suits. At road, has sent out a circular for proxies, to be used in voting
Washington, March 3, an opinion was rendered in the United for the issue of a second mortgage of $.500,000, to secure that
States Supreme Court in the case of Bernard B. Hans, plaintiff amount of 6 per cent bonds; also to increase the stock $250, 000^
in error, against the State of Louisiana, brought up on an appeal to $2,000,000, the proceeds to be used for betterments.
from the Circuit Court of the United States for the Eastern
Railroads in New York State. The following reports fo»
District of Louisiana. The decision turns upon the important the quarter ended December 31, 1888 and 1889, have been
his
citizen
sue
own
to
Constitutional question of the right of a
filed at Albany.
State.
Hans is the owner of a considerable amount of consolf^Wtat. !f.T. a Penn.-.
--Lehigh d Hud. Rit.-^
1888.
1889.
State
issued
1888.
1889.
of
Louisiana.
When
the
dated bonds of the State
$847,184
$903,938
$64,519
$69,737
these bonds it made provision for the levy of a special tax to arosaeaminga
Operating expenses
65.=^,467
029,012
32,394
47,421
meet the interest and principal of these bonds. It furthermore
$218,1T2
Net earnings
declared the bonds to create a contract between the State and the
$248,471
$32,125
$18316
157,689
163,185
24.100
24,100
bondholders, which should not be impaired, and declared that T'xe84nt.,r"nt'l8,&c
the judicial power should be exercised whenever necessary to
Balance,8Urplus
$60,483
def. $5,784
$85,236
$8,025
secure the levy and collection of the tax and the payment of
St. Louis Arkansas & Texas.—The Central Trust Company
the bonds. The State Constitution adopted in 1879, however,
report as deposited to date $13,.560,000 of the firsta,$9,636,000 ot
partly repudiated this agreement, and directed that the revethe seconds and $8,300,000 of the stock. Deposits may still be
nue collected by the levy of the special interest tax shoidd be made on payment of
2 per cent on bonds and 1 per cent on
diverted to defray the expenses of the State Government. Hans, stock.
It is expected that the two committees will reach an
who is a citizen of Louisiana, brought suit to have the new agreement
during the coming week.
State Constitution declared invalid so far as it impaired the
Slireveport & Houston.— The United States Circuit Judge
contract between the State and the bondholders, on the ground
that it violated the Constitution of the United States. The at Shreveport, La., on February 22 issued a decree ordering
The sale was ordered under foreclosure
State set up the plea that it could not be sued by one of its own the sale of the road.
citizens without its consent and the Circuit Court decided the proceedings instituted by the Union Trust Company of New
York, which holds $400,000 of first mortgage bonds.
The
question in favor of the State.
Justice Bradley, in his opinion affirming this judgment, says sale will be subject to the claim of $80,000 of Neil McDonald,
of New York, represented by receiver's certificates, with five
it is not necessary to enter upon an examination of ihe reasons or expediency of the rule which exempts a sovereign years' interest at 6 per cent. The validity of the certificates is
State from prosecution in a court of justice at the suit of indi- denied by the Union Trust Company. The Shreveport Sc
Houston is a narrow-gauge road, 40 miles long, from Shreveviduals. It is enough to declare its existence.
Justice Field expressed his concurrence in the judgment (xjrt, and connecting at Logansport with the Houston East
reached by the court, but said that he did not wish to sanction & West Texas, running to Houston, Tex. R. R. Gazette.
by his silence the doctrine which seemed to be embodied in the
Sioux City & Northern. This line, to which reference was
language of the Court. He would not deprive the citizen of made in our issue of the 22d inst. has been mortgaged to the
all protection in controversies with the States. Justice Harlan
Manhattan Trust Company. The instrument authorizes the
also dissented from some of the statements in the opinion.
issue of $20,000 bonds for every mile of main track between
The Court reversed the judgment in the case of the State of Sioux City and Garretson $16,000 for each mile of branch
North Carolina and of Roberts, Auditor, against Temple, for lines or extensions now owned by the company, or which may
the reasons stated in the Hans case. This case involves sev- be at any time built or acquired between this date and Jan. I,
eral million dollars and also presented the question of the 1920. The bonds thus issued bear interest
at 5 per cent payable
ri^ht of a citizen to sue his own State. It came up on a cer- Jan. 1 and June 1 of
each year, and maturing Jan. 1, 1920.
Kan.
:
;
—
—
—
—
—
.
.
—
,
;
tifacate of division of opinion among the judges of the Circuit
Tennessee Coal Iron & Railroad.—The suit of the Ten«
Court for the Eastern District of North Carolina. The case, so
far as Roberts, the State Auditor, was concerned, was dis- nessee Coal Iron A: Railroad Company against John H»
missed on the ground that it was really a suit against the State. Inman, in which they claim the return of $2,250,000 on ao-^
Manhattan Elevated. In the Newman case suit for dam- count of the sale of the Birmingham property sometime ago^
has been terminated, and all tilings amicably adjusted.
ages by a lessee of premises comer of Rector and Greenwich
—The Commercial Advertiser reports that negotiations are
streets the Court of Appeals has decided in favor of the Manhattan company, holding that improvement to property by in progress looking to a consolidation of the Tennessee Coal
the elevated road must be set off 8^;ainst the damages. The Iron Company, the Southern Iron Company and the De Bar*
Tribune report says
The theory on the part of the elevated deleben Coal & Iron Co. The companies are stocked to the
railroads has been that if damages liad been suffered improve- amount of $9,000,000, $3,000,000 and $10,000,000 respectively.
ments ought to be deducted. The general law of condemnaZanesvlUe & Ohio.—Over $1,900,000 of the $2,000,000 bonds
tion says that no allowance for betterments shall be made, have been deposited under the plan of reorganization.
"The
but the elevated railroads insisted tliat this provision applied Mercantile Tnist Co., as trustee, has brought suit at Zanesv ille»
only to cases in which the railroads acquired title to the p'roiJ- OKib,"!* ft)re<5Iosfe^e mortgage.
—
—
—
&
•
:
'
THE (HRONiniE.
b54
and
^cpfftts
[Vou
i.
Pocttmetxts.
FORTY-THIRD ANNUAL REPORT OF THE PENNSYLVANIA RAILROAD COMPANY.
Office op the
PENNSYLVANIA RAILROAD COMPANY,
Philadelphia, March
The Board
of Directors submit herewith their report for the year 1889
1st, 1890.
)
[
)
:
MAIN LINE ASD BEANCnES, PHILADELPHIA TO PITTSBURG.
$36,855,78199
23.193,796 89
Earnings
Bxpcnscs
$13,601,985 10
5,128,932 65
NetearnlnRS
Add Interest from investments
(In cash), also lor
Totil
use of equipment and from other items
-
-
$18,790,917 75
Deduct rentals paid branch roads, interest on equipment, interest on bonded deht. State tax on diridends, and
7,920,566 27
other items
$10,870,351 48
Het income Pennsylvania Eailroad Division
PHILADELPHIA TO NEW YOEK AND BRANCHES.
$18,117,200 19
13,735,446 31
Earnings
Expenses
$4,381,753 83
659,044 29
Net earnings from operating
Add Interest from investments
$5,040,798 17
4,902,085 94
'
Total income
Deduct paymeiits on account of dividends, interest on equipment, &o
Canal Company's property
iTet profit under the lease of United New Jersey Railroad &
13S,712 23
$11,009,063 71
Total
PHILADELPHIA & ERIE EAILROAD.
$6,.541,462 93
Earnings
Expenses
4,167,562 44
-
Loss on Philadelphia
.
$2,373,900 49
2,390,216 87
Net earnings
Deduct payments on account of rentals and interest charged for use of equipment
& Erie Eailroad Division, including branches operated in connection therewith
16,316 38
$10,992,747 33
Balance
SUMMARY.
$10,870,351 48
13S,712 23
Net income Pennsylvania Eailroad Division
Profit on New Jersey Division
Loss on Philadelphia
& Erie Eailroad Division
$11,009,063 71
16,316 38
*.
$10,992,747 33
Balance
income for the year
I^om
the following amounts have been deducted, viz.:—
Pay.mekt to fund for the i'Brchase of SEonniTiES cnARANiEED BY THE Pennsvlvania Railroad
$10,992,747 33
this balance of
*
COMIANT
Peknsylvania Railroad Company's Consolidated Mortgage Bosds, sinking fund account
ALLEGHENY VALLEY RAILROAD COMPASY.—
Payments on account of guaranty of principal and interest of bonds
American Steamship Company.—
Amount of interest guaranteed by Pennsylvania Railroad Company
Pennsylvakia Canal Company.—
Payments accoimt of interest guaranteed by Pennsylvania Bailroad Company, &c
Extraordinary Eepaibb and Improvements.—
Amount expended, not
properly chargeable to capital aoconnt
$87,433 45
324,80000
1 60,179
46
45,000 00
188,5 J
00
1,530,912 63
2,336,835 54
Balance
Out of which was paid a dividend of
Amount
$8,655,91179
five
transferred to credit of profit
per cent
and
5,327,270 00
loss for the year
1889
Deduct extraordinary expenditures, account of floods June, 1889, debited
Less amount received in settlement of sundry accounts
$3,328,641 79
to profit
and
loss
account
$2,609,324 85
119,370 56
2,489,954 29
$838,687 50
Add amount to
credit of profit
Balance to credit of
and
profit
loss
December
31st,
and loss December
1888
31st,
1889
19,229,368 33
$20,068,055 83
The results shown by the foregoing statements compare very favorably with 1888, notwithstanding the unpropitious out loot at the commencement of the year, and the intenuption to your traffic arising from the destruction of your property by
is $10,992,747 33, as compared with $9,809,160 93 for the year 1888,
After
the amoim^^s properly chargeable thereto, there is a balance of net income for the year of §8,655,for the year 1888, out of which there was paid a dividend of five per cent, leaving $3,328,641 79;
^11 79 as against $7,040,963 82
extraordinary expenditures necessitated by the June floods, amounting to $3,609,334 85, there was a baliifter deducting the
ance remaining to the credit of profit and loss at the end of the year of $30,068,055 83.
The lines embraced in your system, both east and west of Pittsburg, comprise 7,841 33 miles, over which were moved
passengers, as a -ainst 110,843,874 tons of freight and 74,000,086 passengers in 1888.
182 164 118 tons of freight and 78,136,957
The gross earnings of these lines for the year were $133,917,337 39, as compared with $116,509,292 59 for 1888, thus showing an
encouraging increase over the preceding year.
The cost of the ecurities of other corporations now held by your Company amounts to §109,831,915 28, and in addition to
these investments, they produced a direct revenue of $4,421,497 58, a sum largely in excess
the traffic secured to your lines by
funded obligations of your Company.
of the interest on the eniire
The New Jersey Division. fi>r the first time in many ye^irs, shows a net revenue over and above all your obligations in
expeuses upon tliis property during the past year have been quite heavv. The fourth
connection therewith, although the
New York was practically completed, with the exception of the portions lying within the
track between Philadelphia and
New Brunswick, Elizabeth and Newark. At these points the subject of elevating or depressing
limits of the citie" of Trenton,
grade crossings, is under consideration with the proper JnimicipaJ authorities. Tha
the tracks so as to avoid the dangerous
The income
deducting from
as
shown by the foregoing statement
tl.is
sum
MARCH8.
THE CHRONICLE.
i8j,o.,
3c 5
the elevation of the tracks approaching your terminal in Jeracj City was actively commenceil, and will,
exiected, be completed durinj? the present year. Wiih ti>e d&iire of in ^uii£ the wishes of the public and of the municipal authorities of the City of Philadelphia, a heavy expenditure was incurred on the Connecting Railroad, in elevating its
road bed and constructinp; bridges to avoid the crossing of the public streets at grade. Plans are now being perfected, in connection with th<! city authorities, to carry out the same policy between Frankford Station and Holmeiburg Junction (a distance of nearly four miles), and thus abolish all the dangerous grade crossings on your New York line, in the City of Philadelphia. A largo sum will be required to make this improvement.
The Pliiladelphia & Erie Railroad shows increased gross earnings, and except for the extraordinary expenditure of ^1,081 63, made necessary by the floods, its net results would have been more than usually favorable.
On the 31st of May, t"ho«xtraordinary rainfall, b<^fore alluded to. began, and following nearly the trend of the mountain
range over which your system of lines passes, caused an unparalleled destruction of property, not only upon your Main Line,
but many of the other roads forming your system.
In the Juniata Valley three of the largest aud most expensive double-track bridges, two of which had recently been reThe greatest destruction both of life and projierty took
built, were entirely destroyed, together with several miles of track.
place however on the western slope of the mountain in the Conemaugh "valley, where a reservoir (originally constructed by
the State of Pennsylvania for its canal system) gave way, and completely destroyed your road for a distance of over ten miles,
including several large bridges and all the machine-shops, round-houses and yard facilities at Conemaugh, at the foot of the
mountain, the destruction being so complete that it was almost impossible to fix the location formerly occupied by your property.
Among the properly damaged and destroyed were 24 passenger cars, 561 freight cars, 34 locomotives, some or the Latter,
notwithstanding their weight, being carried more than a mile by the force of the flood. While this loss of property was
appalling in its magnitude, yet it was more than overshadowed by the great destruction of life and property in the manufacturing city of Johnstown, a short distance below Conemaugh, in the same valley.
In addition to the destruction of property on your Main Line, many of the largest and mist imj)ortant bridges on the
Philadelphia & Erie Road were entirely destroyed, while on tha Elmira & Williamsport line (leased to the Northern Central
Railway Company) several miles of railway, including many bridges, were washed away.
The total amount expended to December 31st, 1889, in repairing the loss caused by the floods to your system was $3,475,425 01, leaving still a considerable sum to be expended to restore it to its original condition. This outlay does not include the
indirect loss from the suspension of traffic and the serious interruption to the working of your entire system caused thereby.
The services of as many of your officers and employees as could be spared from your system of lines both east and west of
Pittsburg were concentrated night and day upon the work of repairing these disasters; and notwithstanding their magnitude
the movement of traffic was resumed within eight days. Too much credit cannot be given to them for their skill, energy and
unremitting devotion to this work, to which is lai:gely due the fact that your properties were able to recover so promptly from'
the serious disasters which had overtaken them.
The funds for the exjienditures properly chargeable to capital account on your system of lines, and for the repair of the
damage caused by the June flood, were obtained by the issue of $6,943,200 of capital stock, and by the sale of securities
belonging to the Company. Provision was also made to secure additional equipment for your system by the issue of $3,000,000 of four per cent Equipment Trust Gold Bonds, maturing September 1st, 1914, and secured by a spscific pledge of the cars
purchased therewith.
The principal of the debt due to the State of Pennsylvania on account of the purchase of the Main Line, which was
charged to capital account, was reduced during the year by the payment of $403,341 66, leaving a balance of $839,415 77.
The final payment upon this debt will be made July 31st, 1890.
Under the provisions of the consolidated mortgage of the Company, thsre was set apart, on the first day of July last, out
of the net income, $334,800, as a sinking fund for the redemption of the outstanding bonds secured by that mortgage. As
their market value was too high to permit of their purchase, that amount was placed to the credit of the trustees of the
sinking fund for investment under the terms of the trust.
There are now in the sinking fund, for the redemption of tlie obligations of the various companies forming the United
New Jersey Railroad & Canal Company, securities of the par value of $3,664,000, and a cash balance, uninvested by th»
trustees, of $54,678 71, making an aggregate of 83,718,678-71.
During the past year $5,868,000 of the outstanding six per cent
loans of these companies matured, making, with $154,000 of debentures that fell due in 1888, a total of $6,020,000, which were
provided for by the sale of four per cent bonds under their general mortgage of April 2Dth, 1871. The securities held for tneredemption of the above matured loan were surrendered to the Company.
The trmteesof the sinking fund for the redemption of the trust certificates issued for the purchase of the shares of the capital stock of the Philadelphia Wilmington & Baltimore RR. Co. were unable to purchase any certificates during the past year at.
the limit fixed in the trust agreement, and therefore returned to your treasury the amount appropriated for that purpose. The
total amount of these certificates purchased and canceled to December 31s:, 1889, is $1,911,000, leaving outstanding
work connected with
it is
$8,089,000.
There has been expended for construction, equipment and real estate as follows:
Pennsylvania Railroad and branches
United Railroads of New Jersey
Philadelphia & Trenton Railroad
* And for improvements and extensions on branch and au]i41iary lines operated by the Oompany
$3,0(!9,40fi
$5,299,408 58
742,603 14
Total
On account of
Total
these advances there has been received from those compauiealn cash
amount expended on
On account of
•
capital account
05
562.756 i>6
190.746 96
1,476,499 01
inl8S9
$4,556,805 44
these advances to branch and auxiliary lines these have been Dcelvedin seciult'ios of those companies. $282,153 73.
There were used on the Main Line, in construction and repairs, 25,930 tons of steel rails and 1,394,242 ties; on the United
Railroads of New Jersey Division, 3,037 tons of steel and 393,9i(l ties: on the Philadelphia & Erie Railroad Division, 8,971 tons,
of steel and 476,9 ?5 ties, making a total of 38,533 tons of steel and 3,164,218 ties.
There were built at Altoona, and your other shops east of Pittsbur/ and Eri3, for ths Main Line and other roads in you?
interest, on capital and repair account, 149 locomotives, 6j passenger cars, 16 baggage and mail cars, 3,003 freight car.s, jj
refrigerator cai-s, atid 330 caV;in and maintenance-of-way cai-s.
Under the Car Trust system there were furnished duri;va; the year, under autboriiy heretofore conferred, 1,050 box and
525 long gondola cars for the Main Line, 300 long gondolas and oOO box cars for the lines in which your Company is iaterested
west of Pittsburg, and 140 box cars subleas(?d to the New York Philadelphia iS; Norfolk Riih'oad Company.
The 27,248 Mrsplaeedou yo irlinas evst of Pittsbm's, tliraa^h tli3 ST<tom of CirTi-inti, repreioat a tost of
$14..td9.305 OQ
The 10,303 cars west of Pittsbur;;
8.38(>,y9," CO
—
'.
The cars subleased
3,706 cars
250 cars
2it2 c;\rs
500 cars
.500 oars
to affiliated lines, viz.:
Northern fVntrnl Railway Cominnv
Allegheny Vnlloy Railio.tll Company
New York PliiladelpUia ,t Xoffollj Riilroad Company
Phila Jelphii WilmiJigton & Baltimore Railroad Company
Bell's Gap Railroad Company
235.(i0r>
00
OO
00
oO
250,000
<!0
$1.82.7,20 >
1:17.500
•••
200.00
)
'
2.049.700
Total. 48,997 cars
CO
^25,420,000 OO
Total amount of certificates redeemed to Decenber-Slst,
Amount piid in f II pay.n?ii* of 15.714csrs
Amount paid ouaccount of ;i3,283 cars,,.,..,...,..,,, ,,,,n
1889, es follows:
—
•
.
$3,357.03i)
01
69J'j,000 00
l.->,232.00:>
Balance of cortlflcates outstanding December Slst, 1889....
$10. 16 1.<K
COMPARISONS WITH 1888.
AND EXPENSES OF ALL LINES EAST OF PIXTSBUKG AND
00
00
.
EARNIJTGS
Orois Earnings.
Expenees.
i
ERIC.
Rentalu and Inter-
'es( ntt
1889.
1888.
Increase
,
$01,514,415 11
58,172.077 00
!t^U,0<)0,S05 64'
t:o,3:il,153 14
$3,342.367 45
$1,765.652.50
Net Earninge.
Ef/niptnenf.'
$10,042,17173
9,608.649 23!
$433,52256:
$10,:^75,467
74
9,232.275 29
$1,143,19.'
4^
THE CHRONICLE.
?56
The (?ro8s earnings per mile received from the Main
Vol. L.
Line (358 miles) in 1889 were
$81,713 65
77,634 84
In 1888 were
Showing an Increase
$4,078 81
of
The percentage of operating expenses to earnings on all lines east of Pittsburg and Erie was 66-81 for 1889 and 67-61 for
showing a decrease for the year 1889 of 0-80 per cent.
The aggregate coal and coke shipments over the Pennsylvania Railroad Division amounted to 17,170,843 tons, as against
1888,
16,601,051 tons in 1888, a gain of 569.791 tons, or 3-43 per cent.
The total shipments of oil over the Pennsylvania Railroad Division during the year 1889 amounted to 4,678,004 barrels,
*
against 3,943,366 barrels in 1888, showing an increase of 735,738 barrels.
The following table shows the revenue and cost per ton per mUe on each Division operated by the Company, as compared
-with 1888.
Average Earnings
per Ton per MUe
from Traatportalion
of FrexgM.
Pennsylvania Railroad Division
United Eailroads of N.
Philadelphia
J.
& Erie EB.
Division. . .
Division.
...
All lines east of Pittsburg and Erie.
Ateragt Coat
of Irantporling
EaehTinof
Length of Road.
Average Profit
Per 2 on Per
Freight
Mile.
One MUe.
1889.
1888.
1889.
1888.
1889.
CENTS.
0-626
CENTS.
631
CENTS.
0-401
CENTS.
0-411
CENTS.
0-225
1 -178
1-220
1-023
1-064
0-556
0-560
0-352
0-344
0-686
0-693
0-473
1
1
j
0-482
1888.
1889.
CENTS.
0-220
MILES.
1,403-19
MILES.
1,394-83
0-155
0-156
440-22
464-70
0-204
0216
546-66
510-19
0-213
0-211
2,390-07
2,369-72
1
i
1
1888.
From the above table it wUl appear that the result upon all lines east of Pittsburg and Erie was a reduction in the earnings per ton per mile of 7-100 of a mill, a reduction in expenses of 9-100 of a mill, and an increase of 2-100 of a mill per ton per
Biile in the net profit from freight
TABLE SHOWING TONNAGE AND PERCENTAGE OF THROUGH AND LOCAL FREIGHT.
Through
Through
Freight.
1889.
Philadelphia
& Erie RR.
.AH lines East
Division.
of Pittsburg
.
. .
and Erie
1888.
.
Percentage
of Total.
Tons.
1889.
1889.| 1888.
Tons.
Throv^h.
1889. 1888.
1888.
1
Local.
11,090,990
27,160,077 92-89 92-38
9,3.54,720 69 42 73-95
10,079,825^ 90-44 90-37
64,269
894,456
98,213
2,943,570
156,794
1,011,165
50,706,151'
46,594,622 86-87 87-58
1,056,938
4,111,529
2.240,282'
30,103,647!
9,511,514,
1,172,418
7-62'
7-11
3,295,913 30-58 26-05
1,074,205 9-56 9-63
7,667,338
6,610,400 13-13 12-42
2,304,551'
4,190,369'
Increatt.
Freight.
Percentage
of TiHoL
Ions.
Pennsylvania Railroad Division
United Railroads of N. J. Division.
Local
Local Freight.
Freight.
On the Pennsylvania Railroad Division the through freight east-bound increased 4 23-100 per cent, while the west-bound
•decreased 17-100 of one per cent.
The local freight shows an increase of 7 51-100 per cent east-bound, and 18 49-100 per cent west-bound. On the Pennsylvania Railroad Division the local tonnage represents about ninety-three per cent of the entire traffic.
The following table shows the earnings and cost per passenger per mile on each of the Divisions as compared with 1888
:
Average Earnings
Per MtU.
Pennsvlvania Railroad Division
United Railroads of N. J. Division. ..
Philadelphia & Erie Railroad Di vision
A.11 lines east of
Pittsburg and Erie.
1889.
1888.
CENTS.
2-210
1-920
2-438
CENTS.
2-213
1-934
2-496
2-082
!
2-092
I
Average Profit
Per Passenger Per Mile.
A verage Cost of
Trans toning Each
Passenger Per Mile.
From Each Pats&nger
1
i
1889.
1888.
1889.
CENTS.
1-650
1-372
1-876
CENTS.
1-663
1-370
CENTS.
0-560
0-548
0-562
1-527
1-543
2-114
0-555
1
1
1
Length of Boad.
1889.
MILES.
1,403-19
MILES.
13,94-83
440-22
546-66
464-70
510-19
382
0-549
1
1888.
1888.
CENTS.
0-550
0-564
)
2,390-07
1
2,369-72
It will be seen from the above that the result upon all lines east of Pittsburg and Erie was a decrease in earnings per
j»BS8enger per mile of 10-100 of a mill, a decrease of 16-100 of a mill in expenses, and an increased profit of 6-100 of a mill.
The average distance traveled by each passenger in 1889 was 18 1-10 miles, and in 1888 was 17 9-10 miles, an increase of
a-10 of a mUe.
The following shows the gross earnings, expenses and net earnings of the coal companies in which your Company is
interested, for 1889, as compared with 1888, and also the amount of coal mined and sold, and the price received for same at
point of sale-
Expenses.
1889.
$8,053,169 59
$2,190,411 00
$7,822,589 09
$1,403,134 42
Totals
Decrease as compared with previous year
Total tons mined in 1889, 2,418,180-01. Decrease compared with previous year, 374,43203 tons.
Decrease compared with previous year, 411,311-03.
•as
Net Earnings.
1889.
Gross Eartiings.
1889.
$230,580 50
$787,276 58
Total tons sold in 1889,2,337,310-09
The average receipts per ton at point of sale, aggregating the results of the four coal companies, for 1889, were $3 32 2-10
against $3 59 3-10 in 1888.
LINES WEST OF PITTSBURG.
The following statement gives the
JMttsburg Cincinnati
& St.
result of the lines
west of Pittsburg operated by the Pennsylvania Company and the
Louis Railway Company.
1889.
The total earnings of the Pennsylvania Company on lines
iExpenses
operated directly by
ILeavtng net earnings
From this deduct
^tental, Interest
.
all
Piitsbdro Cincinnati
&
tliis
i
»17,750,492 41
$727,802 22
St. Louis'
RAiLWAY Company on 'Unes'bpOT^^
$8,315,527 55
6,092,988 64
3Leaving net earnings
From
.
7,022,690 19
Expenses
deduct—
and liabilities
'Rental, interest
.
kinds chargeable thereto
Het proflt on Pennsylvania Company's lines
total earnings of the
directly by It were
$20,921,925 28
13,171,432 87
were
i
and liabilities of
The
it
$2,222,538 91
of all kinds chargeable thereto
Ket proflt on Pittsburg Cincinnati &
St.
Louis Railway Company's lines.
3f et proflt on lines west of Pittsburg for 1889
Net loss on lines west of Pittsburg for 1888
.V..!!."!!l!".'
Comparative increase on lines west of Pittsburg for 1889
1,982,154 93
240,383 98
$968,186 20
151,406 36
$1,119,592 56
Marcjh
THE CHRONlCUl
8, 1880.]
357
The other lines west of Pittsburg, on account of which your Company has assumed direct obligations, or in which it ig
largely interested through ownership of securities, but which are operated through their own organizations, are the Chicago
Terre Haute Railroul,
St. Louis & Pittsburg Railroad and roads operated through its organization, St. Louis Vandalia
Indiana Railroad and roads operated through its organization, East St. Louis
Carondelet Railway, CincinGrand Rapids
nati
Muskingum Valley Railway and the Waynesburg & Washington Railrc«ul.
&
&
&
1889.
,M88-
The
aiar^regate gross
earnlnga of these roads were
&
1888.
1888.
$11,689,597 90
B,663,»13 90
$10,493,908 30
8,219,985 62
00
$2,273,922 68
2,311,400 70
li'3,026,282
2,934,925 29
$37,478 02
Profit
$91,356 71
Loss.
Which added
$45,678 36
968,186 20
$lf>,73g 01
Lobs,
Loss, $151,406 36
to the profit
shown
in the
above statement
1889
$1,013,864 56
170,145 37
compared with 1888, of
$1,184,009 93
TjeavAs a nnt nroflt, on all lines west of Pittsburff for
Net loss on all line<i west of Pittsbursr for 1888
Showing a comparative Increase
for 1889,
Loas, $170,149
37
There was an increase of
It will be noted that your Western lines show much improved results as compared with 1888.
5,089,490 tons in their freight traffic, and 1,193,929 in the number of passengers carried, while the average freight rate^ show
a slight improvement over the preceding year. Large expenditures were made in the purchase of real estate and additional
equipment, in the increase of facilities ai your lake porta and other terminal points, and in the construction of branches
and sidings and of the new bridge over the Ohio River at Pittsburg. The condition of these properties continues to
iiaprove.
The amount expended during the year on capital account on the lines west of Pittsburg was 13,826,845 44.
There were used in construction and repairs on the northwestern lines operated directly in your interest 8,706 tons and on
the southwestern lines 13,539 tons of new steel rails.
There have been redeemed through the sinking fund $1,485,000 of the issue of $3,200,000 of the Peimsylvania Company'sChicago Railway Company stock as collateral, leaving the amount
six per cent bonds, secured by Pittsburg Fort Wayne
outstanding $1,715,000. Of the $17, .500,000 of its four and a-half per cent bonds heretofore issued for the purpose of providing
for construction and other capital accounts on the lines west of Pittsburg, $533,000 have been retired through the operations
of the sinking fund, leavmg outstanding at this date $16,967,000.
The report made by the trustees of the sinking funds of the first and second mortgages of the Pittsburg Fort Wayne &•
Chicago Railway Company shows that the regular annual payment of $104,100 was made thereto. They redeemed during the'
year $48,500 of the first mortgage and $68,i500 of the second mortgage bonds, making the total amount redeemed to December
&
Slst,
1889:—
$1,801,900 Oq
2,222,500 0©
mortgage bonds
Second mortgage bonds
First
With a balance of cash in the hands
On account of first mortgage sinking fund
On account of second mortgage sinking fund
of the trustees, uninvested,
December
Slst, 1889:
$806,174 27
563,811 77
The further amount of $159,899 90 was also added to the sinking funds provided for the redemption of the existing
mortgages of the Cleveland & Pittsburg Railroad Company, in addition to the amounts contributed directly to other sinking
funds by the individual companies.
The earnings of the Grand Rapids & Indiana Railroad Company, owing to a reduction in rates, were not quite sufficient
to meet the interest on its entire funded debt and the losses on its leased lines. The land department made sales of 8,515 acres
of farm lands and 5,931 acres of pine lands for $567,083 23, being an average price of $39 12 per acre. The amount sold to the
close of the year, after deducting canceled contracts, was 486,827 acres, and the aggregate price received therefor was
$6,533,730 77, an average of $13 43 per acre. No bonds could be purchased by the trustees during the year out of the proceeds
of such land sales, and there are now outstanding $3,934,000 of the guaranteed and $505,000 of the unguaranteed first mortgage
•
land-grant bonds of the company.
The assets on hand December Slst, 1889, applicable to the redemption of the first mortgage land-grant bonds were as
follows:
Cash
Cash
in the
in the
hands of the trustees
hands of cashier
$1 ,716,280
61,442
470,984
194,627
Bills and accounts receivable In hands of cashier
Bills receivable and securities in hands of trustees
39
63
61
99
$2,443,335 62
Total
SUMMARY OF LINES OWNED OR CONTROLLED EAST AND WEST OF PITTSBURG.
Gross earnings from traffic
Gross expenses, excluding rentals, interest, dividends, &o.
Bhowlngnet earnings
1889.
1888.
$122,917,337 39
83,811,127 85
$116,509,292 59
80,737,335 53
$6,408,044 80
3,073,792 32
$39,771,957 06
$3,334,252 48
$39,106,309 54
|
Inerea»e.
FREIGHT TRAFFIC.
1888.
1889.
Number of
T na.
Lines east of Pittsburg and Erie
Lines west of Pittsburg
Totals
Number of Tom
Number of
Number of Ton*
One Mile.
Time.
One MUe.
82,240,457
39,923,661
7,621,926,314
3,652,238,746
76.009,703
34,834,171
1-22,164.118
11,274,165,060
110,843,874
Number of Paesengtn One Mile.
Number of
Pae :eti0ers.
61,857,729
16,269,228
1,1)0,971,446
405,726,898
58,924,787
15,075,299
1,049,909,660
413,630,338
78,126,957
1,516,698.344
74,000,086
1,463,539,998
7,114,512,509
3,388.670,389
10,503,182,89
PASSENGER TRAFFIC.
1888.
1889.
,
Number of
Pafnengeri.
Lines east of Pittsburg and Erie
Lines west of Pittsburg
Totals
The aggregate amount of new steel rails used
by your Company east and west of Pittsburg was
I
Numb
r of Pcuten-
gem One
Mile.
in construction and repairs in 1889 on all lines owned, controlled or operated
73,669 tons.
GENERAL REMARKS.
There has been appropriated to the Managers of the Trust created October 9th, 1878, to December 31st, 1889, the sum of
$3,978,261 41, which, with the income therefrom of $3,678,213 98, has been invested in securities amounting at par to
$6,590,950. yielding an interest of 6 74-100 per cent for the year. There was appropriated to that Trust for the year 1889 the
THE CHRONICLE.
358
The
assets of the Insurance Fiuid
[vol. l.
on hand at the end of the year were $3,285,441
50,
an increase over the previons year of
$213,329 89.
Your Main Line between New York and Pittsburg, as well as the lines under the charge of the Pennsylvania Company
west of Pittsburg, generally present a very gratifying increase in both their freight and passenger traffic. The volume of
traffic has now become so great that the question of providing capital to supply adequate facilities therefor, and properly
serve the communities dependent on your system by the construction of branch and auxiliary lines, is one of the most
imnortant matters that claims the consideration of your BDard. The average annual expanditure for the past few years upon
your lines for such purposes may be approximately estimated at ten millions of dollars, and with a continuation of the present
industrial development of the country, this outlay will no doubt increase in the future.
The securities that are held in your treasury can, to some extent, from time to time, be made available, but as they must,
generally be held for the purpose of properly protecting the interests of the lines forming your system, it therefore becomes
necessary to gradually increase both your share capital and funded indebtedness.
During the past year there was expended upon the Main Line between New York and Pittsburg the sum of $3,823,909 57„
the principal items of which were for additional third and fourth tracks, yard facilities, equipment and real estate the latter
item being the largest, and including extensive purcliases of property in the city of Philadelphia and at other important:
points on the line. About the same amount will be required during the current year.
The new locomotive shops at Altoona have so far progressed that they will be ready for service by the middle of the year.
Large expenditures were also made at Walls, about fifteen miles east of Pittsburg, in carrying out the policy indicated in the
last annual report, of establishing a yard for the transfer of traffic between your Main Line and your western system, and for
the general repair of cars. These improvements, together with the new bridge over the Ohio River at Pittsburg, will be
ready for service before the close of the present year.
There was also expended in the construction and extension of branch and auxiliary lines the sum of $1,478,493 01, of which
$743,603 14 was reimburs?d to your Coaipiny in caih. Th3}e expenditures ware miialy upon th3 Cjnnesting R.illway, for
the purpose of avoiding grade crossings of streets in the city of Philaielp'iia upoa the Pittsburg Virginia & Chirlestown
Railway, in acquiring additional real estate and providing doable track on tha S3uthwd3t Pannsylvanla Riilway and in the
Clearfield coal region in the extension of branches ani on the Pennsylvania Schuylkill Valley Railroad in extending thedouble track and adding to its facilities. All of these outlays have benefitted your Main Line by developing the territory tributary thereto, and tlius increasing its traffic.
An opportunity having offered during th3 yea,r to paro'iase, at a favorable price, a large tract of water-front on New
York Bay, south of Communipaw, it was deamad advisable to acquire the satns and construct a branch thereto from Newark,
on your New York Division. It has a front on the New York Bay of 1,230 feat, and runs back for a distance of a mile and a.
half, and will, it is confidently believed, be of great value in the future.
Arrangements have been made for the extension of the Downingtown & Lancaster Railroad to a connection with your Main.
Line near Lancaster, a distance of ten miles, thus forming an alternate route through the fine agricultural district betwee"^
Lancaster and Downingtown.
The traffic now passing through your yards at West Philadelphia, destined to points east thereof, has become so large as.
to seriously interfere with the movement of that destined to Philadelphia and adjacent points. To avoid this, a road has been
located and its construction commenced from your Main Line near Downingtown to the New York Division near Trenton, a.
distance of fifty-one miles. A very favorable and direct route has been secured through this country on the same maximum
grade as that prevailing on your Philadelphia Division. Owing to the general topography of the country and the valuable
property through which the line passes, it will be expensive in its character, but it is believed that the economies arising front
the saving of distance and the avoidance of delays in the overcrowded yards at West Philadelphia will more than repay your
;
;
;
;
Company
for the outlay.
The Pennsylvania Canal, in which your Company is largely interested, both as a shareholder and as a guarantor of theMany
interest upon its bonds, suffered serious damage from the severe floods referred to in the previous part of this report.
miles of this canal were entirely destroyed, but as they were the most unproductive portions of the property, the Canal Company deemed it wiser to abandon the same than to burden the remainder of the canal with the cost of their renewal. The
funds advanced by the Pennsylvania Railroad Company to repair the more productive sections of the canal, and to purchase
the coupons upon its bonds in accordance with your endorsement thereon, amounted for the year to $188,510. As the
valleys occupied by the canal are now traversed by competing railways, which carry the traffic at very low rates, its.
value as a transportation line is fast passing away, so that the cost of its maintenance will in all probability equal itsrevenue, leaving the sum required for the interest on its securities to be advanced by your Company until the maturity of
the bonds.
There was contributed to the Employees' Relief Fund by your Company and affiliated lines during the year $36,021 51 fo r
operating expenses, and in addition thereto the sum of $14,133 78 for extra benefits to members of the Fund whose disability
had continued over fifty-two weeks, and who were, therefore, no longer entitled to regular benefits from the Fund. Tlie
apaount contributed by your employees was §377,461 19, and the receipts from interest were §4,771 98, which, with the contributions by the companies, as stated above, $70,i(iO 29, made a total of $4.33,393 44. This, added to the balance on hand at tl.e
beginning of the year, $337,142 53, aggregated §719,535 97. Of this amount there was paid to the families of employees in
death benefits and for sickness and accidents the sum of §313,569 36; for expenses, §56,031 51, and transferred to " Relief Fund
Surplus ' account, $170,788 24, leaving a balance of $149,1.36 86. After deducting therefrom the amount of outstanding
unadjusted claims, there remained a net balance, including reserve, for increasing ages of members, of §57,550 57. The
number of persons receiving death benefits was 288, making an average in eajh case of $531 53. There were 21,457 members
of the
Fund
at the close of the year.
The Employees' Saving Fund continues
in successful operation; and during the year 2,130 of your employees availed
themselves of the privileges thereby afforded. The amount of deposits received during the year was $362,448 00, and the
balance remaining at the close of the year was §509,669 60, Of this amount §300,000"have been invested in the four per cent
Spends of the Philadelphia & Erie Railroad Company, and $100,000 , in the four per cent Equipment Trust bonds of
your Compai y.
Your Board liave again, with deep regiet, to record the death of one of its members, Mr, William Thaw, who died on
the 17th of August last, after a lifelong connection with the transportation interests of the country, and an intimate associat'.on of nearly forty years with the lines composing your system.
His sound judgment, ripe experience and quick perception
rendered him a most valuable and trusted counsellor, whUe his sterling integrity and genial disposition won the confidence
and affection of his associates, who in his death lost a warm personal friend.
Mr. William H. Barnes, of Philadelphia, who has been identified with your interests during his entire business life, was
elected to fill the vacany thus created.
Your Board desire to acknowledge the efficiency and fidelity with which the duties entrusted to the officers and employee*
Jiave been discharged during the past year.
By order of
the Board.
G. B.
ROBERTS,
President,
March
THE
IfftO.J
8.
COTTON.
gixe OrgmmcrciaX gimc5,
coI^Tme r^TalTep I t b m e
7, 1890.
latitule-i early in the
reported, serious injury to
The flood in the Miasiasippi river
fruits and early ve!<otat)le?.
has not abated and materially obstructs the movement of th(>
heavy
A serious overflow seems inevitable.
cotton crop.
snow storm in the North and West has not been mjunom, but
rather beneJiciat. to the wheat crop, by covering it at a critwal
leadmj,'
moment in the change of seasons. The speculation
staples of asrioulture has' at times been quite active, and an
important advance was made in cotton.
,. ,
,
The following ia a statement of stocks of leading articles of
merchandise at the dates given:
Severe frosts ia oxtrem? southern
week under review caused,
it
ia
A
m
_
l.'^,994
1,5,44B
tea.
34,725
33,070
hluls.
31,71-2
biiles.
I>an8.
l'2.^,04O
32,80.)
47,'I09
200,4''3
47,.5.i7
bugs.
1S,'.!33
iiiiits.
43,800
eugar
lihds.
«><
67
Sujrar
8u(rar
boxes.
bags, &c.
None.
37,179
Nane.
None.
lilule.!
MolasRpB, foreign
lihdf.
bbls.
5.000
No.
,•509.000
bales.
135,721
bbl.".
29,.'>70
Mola!48CS, doLuestic
Hides
Cotton
Rosin
flplrlts turi>euUiie
iuT
HIce, E. I
Bloe, domestic
Linseed
Saltpetre
Jute butts
Manila bemp
hemp
Sisal
bbls.
bbls.
3,102
1,H51
bags.
pkgs.
bags.
bags.
30,400
4,620
None.
7,500
70,000
bales.
bales.
bales.
sack?.
4(1,^14
51,233
17»,«U3
25,000
29.'iH.->
125
None.
803,172
None.
None.
17,72.'i
160
1,823
4,750
621,200
134.663
29,4*3
4,260
1,696
35,000
5,000
None.
7,500
70.000
None.
14,600
314,675
323
500
24,S73
1.
11,146
21,005
24,311
60.837
Collw, other
Coffee, Java, Jco
Melado
March
b. 1.
bl)l9.
Pork
Lard
Tol)acco, domestic
Tolmcio, forolgu
Coffee, Kio
F
1.
bbls.
March delivery
April dellverv
Maydellvoiy
July delivery
October delivery
o.
c.
c.
o.
Sat.
M07l.
Turn.
618
622
6-2.^
6-27
6-32
6-25
6-31
6-35
6-46
6.62
6-26
6-39
o.
6 43
6-62
Wed.
6-23
6-?6
fi-30
641
0'59
Tiie*.
i
ITed.
Thnn.
I
517
C54|
1,31:^
1,540|
Fri.
Sie...
.Vbw Orleans...
Miblle
F.uriaa
Havauuah
TaltU.
I
195
1,121
5,348
013
915
2,193
1,113
4,195
4,421
370
3,973
lC.a<6
404
174
212
85
18
50
634
Via
1,239
1,270
614
1,790
829
52l!
1,326
6,276
1.326
4,170
Charleston
Port Royal.&c
492
24!>
116
3,080
233
Wilmington
Wash'gtou, &c
731
109
42
1S9
61
34
1,116
970
482
163
5,303
2,902
8,921
6.311
1,778
4,249
2,133
5,401118,779
63.554
1,.-j55
1,108
398
329
258
479
747
862
1,008
New York
1,404
1,240
942;
1,093
Boston
Baltimore
264
403
160
470
72
35
Phlladelph'a,&c
350
35
285
184
1,136
Totals this week 11,189
7,417i
Norfolk
West Point...
3,921
N'wp'tN'9,&c.
905
441
4,249
2.7.'.0
495,900
22t),340
24,582
2,159
901
16,9C0
5.807
None.
6.800
64.000
Nune.
100
264,320
230,500
and
Lard on the spot has shown an upward tendency in values,
and was firmer to-day though only moderately active at
5-80c. for prime city and 6-30@6'33i^c. for prime Western,
with refined for the Continent quoted at 6-15@6-6.'5o. The
speculation in lard for future delivery has been quiet here,
but stronger at the West, and our market has improved in
sympathy, with sales to-day at 6-33@633c. for M.ay and 6-44c.
for July.
DAILY OLOSINO PBICE8 OF LARD FDTDKBS.
Flour
Oalvcstou
EI Pnso,
Hon.
Sal.
Ileee1pl$ al-
(;bop. as indicated
Brunsw'k, &c,
18S0.
1890.
1890.
March
Kridav. p. M.. March 7. 1890.
by our tele^crams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached OSj-Wi bales,
against 86,608 bales last week and 83,218 bales the previous
week, making the total receipts sin':e the l.st of Sept., 1889,
5,486,023 bales, against 5,010,965 Imles for the same p<>rlod of
1888-9, showing an increase since Sept. 1, 1889, of 42j,0.j8 bales.
The Movement of the
.
Friday NiauT, March
59
CHRONICI.B.
Thvr,
6-25
6-27
6-31
6-41
6-51
Frt.
6-28
G-?S
6-32
e-42
6..i9
7,787 12,981
we
give the following table showing the
week's total receipts, the total since September 1. 1889, and
the stock to-pight, compared with last year.
For comparison
1888-89.
1889-901.
Receipts to
March
Thin
Week.
7.
Galveston
ElPaso,&c.
.
.
New Orleans.
Mobile
Florida
Savannah.
..
Bruns., «tc.
Charleston ..
P.RoyaI,&c
Wilmington
Wash'tn,&c
Norfolk
West Point.
NwptN.,itc
New York. ..
Boston
Since Sep.
ThU
1,1889.
Week.
807,156
22,203
5,348
915
16,265 1,812,528
913 230,869
634
28,870
6,275 893,807
156,908
1,326
4,170 309,177
1,802
1,110 130,808
3,732
5,303 381,705
2,902 311,989
50,309
3,921
6,311
96,775
62.404
1,773
4,219
74,602
2,133
60,399
8t.^k.
Since Sep.
1, 1888.
1890.
1889.
618,215
18,507
20,425
23,209
23,293 1,542,071
4,530 198,752
587
22,907
8,502 773,635
7,153
126,933
4,134 355,921
13,814
308
95- 146,898
3
4,344
4,453 457,312
9,708 368,370
202,6631
285,939
19,433
8,461
435
18,039
30,548
9.148
58,207
17,860
19,695
ll,54fl
5,426
,
1,011
110,30.-.
4,812
2,436
63
85,515
68,980
59,957
38,329
28,270
25,884
7,343
137,182
21,817
244,063
10,000
14,607
11,948
10,40(1
Pork has been quite active, and closes firm at $11® $11 2.)
6,009
new mess. Cut meats show an increased movement, but Baltimore. ..
992
12,750
at lower prices for pickled bellies, of which 33,000 lbs., 10 and Phil-del'a, &c
12 lb.", average, sold to-day at 5c. Sweet pickled meats at the
Totals
63,554 5,436,023 81,638 5,010,963 313,692 740,278
West also sold freely, includmg hams at 8^c. for May and 9c.
In order that comparison may be made with other years, we
for June delivery.
Coffee on the spot has continued to meet with a brisk in- give below the totals at leading ports for six seasons.
quiry from the trade, and prices show a further improvement, Receipts at—
1890.
1889.
1888.
1887.
1886.
1885.
for
Rio No.
7 closing at 18i^c.,"with considerable business to-day
'
2'i}£fi0 23l^c.
Kio options have had an upward tendency, the speculation for the rise being stimulated by the
in
Java
at
brisk trade
and favorable foreign advices, making some
ther advance to-day, and closing fir
"
----March
17 35c. j„ng
17
"
April
May
17-20C.
17-lfc.
July
August
17.050.
16-a5c.
lOSOc.
November
16'75c'
—an advance for the week of 4.5® 65 points, the
Raw
fur-
sellers as follows:
16-90c
Spptembcr
October
latter f orMarch.
sugars show some further advance, and are quoted at
Muscovado and 5 ll-16c. for Centrifugal, 96 decree test, the sales to-day including 450 hlids.
English Island, 87 deg. test, at 5c. Refined sugars are also
dearer, at 71^0. for Standard Crushed. Molasses is again
dearer, at SSJ^'c. for 50 deg. test, at which a cargo sold to-day.
The tea sale on Wednesday went off at steady prices, the
offering being somewhat smaller.
Kentucky tobacco has been steady, with sales of 200 hogsheads, mostly for export. The movement in seed leaf is on a
more liberal scale, and sales of 1,200 cases as follows: 400 cases
of 1888 crop, Pennsylvania Seed Leaf, 83^@ 10c; 150 cases of
1888 crop, Pennsylvania Havana, 12J2®13J£c; 350 cases
Havana, 9)^@12c; 150 cases of
of 1888 crop, Wisconsin
1888 crop. New England Havana, 16@37}^c, and 150 cases
of Sundries, 6a37i-^c; also 650 bales Havana, 64c(S$l 12)^, and
300 bales Sumatra, 81 00(32 00.
On the Metal Exchange Straits tin closes at 20 '600. on the
spot and 20c. for May, a slight decline from last Friday, and
Doquiet. Ingot copper dull and easy at 14c. for Lake".
mestic lead is firmer, selling to-day at 4c. for March. Pig
iron warrants are too unsettled to quote and the interior iron
markets are lifeless.
Refined petroleum is lower at 7 '400. in bbls. and 9'60c. in
cases; crude in bbls. 7-60c., and naphtha 8-lOc.; crude cerSpirits turpentine has been
tificates are again lower at 95c.
lower, but to-day is steadier at 433^2@43c. Rosins are more
active at ?1 15® $1 20 for common to good strained. Wool
5
3-16c. for fair refining
and hops very dull.
__
Galv'8ton,<Stc
New
Orleans
Mobile
Savannah.
6,263
16,265
913
Norfolk
W't Point, &c
All others
6,275
4,170
1,116
5,303
6,823
16,426
Tot. this week
63,554
..
Charl'ot'n.iSc
Wilm'gfn,&c
8,896
23,293
4,330
8,502
4,242
3,509
35,743
4,640
3,873
33,183
2,682
7,895
5,230
960
483
428
4,453
10,719
16,043
6,622
8,728
8,403
6,022
4,08 S
9,332
81,638
73,469
72,933
720
4,621
4,206
21,493
2,166
9,966
1,717
22,184
713
1,992
1,911
5,661
1,618
6,442
3,457
391
7,120
3,987
1,339
8,325
62,129
42,381
Since Sept.l. 5436,023,5010,965 4974,928 4929,138 4669,431 1489,481
The exports for the week ending this evening reach a totaj
of 140,043 bales, of which 75,932 were to Great Britain, 5,905
to France and 58,206 to the rest of the Continent.
Below are
the exports for the week, and since September 1, 1889.
Werk Ending March
Brit'n. France
Qalveston
Orleans.
„^
9,509
34,i;«
Week.
10,4C9
75,(«5
Mobile
Savannah
Brunswick
e,800
Charleston
3,933
Wilmington.
Norfolk
Sept.
1.
18h*. to
Exported
ContU Total
Great
from—
New
From
7.
Exporttd to—
Exports
Great
301.337 34,661)
762.153 320,820
44.'; 89
154.570 30,326
95.411
.
7,
1690
Contt-
Britain, r™'":*
49.072
71,926
Mch.
—
to
24.240
„„,(
Total.
462,078
464,918 1.537.891
41,789
817,059 501.055
IS^W.OSO
14.287
109,6I>8
1C5,04I
228..Miia
82.988
104,i<14
9,«OT
9.607
806.S64
87.75<i
244.1::0
Point....
4,437
4,4S:
N'portNws, &c
8oa
145.405
27,181
614.480
West
New
York...
Boston
10,S49
Total, 1888-89..
45.364
1,574
2,401
86,I3a
IILSO
2,896
1,0C9
2i,62'
1.ST3
24,4(a
b.127
16,396
256
6,265
274
2,122
Phii&delp'a,&c
Total
SJ.OMi
680
«,009
Baltimore...
867.088
108.B0S
94.090
*)
115.327
ton
169,4^6
27,iW7
8.1.071
75.932
8,905
58,208 140.043 2,392,195 443,<J»0 1,328.681 4,164.7aa
91,823
11,578
44.657 148,053 2.210,164 340,728 ^99^086 3,650 jWa
THE CHROMCLR
360
In addition to above exports, our telegrams to-night also
=give us the following amounts of cotton on shipboard, not
cleared, at the ports named.
add similar figures for
New York, which are prepared for our special use by Messrs.
Carey, Yale
Lambert. 2i Beaver Street.
We
The Sales and Prices op Futures
Uareh
7,
Great
Britain.
New Orleans...
France.
Ooasi-
Other
Foreign
None.
None.
None.
None.
None.
850
None.
None.
None.
3.000
8,850
1,657
None.
8,100
3,000
1,000
2,100
4.701
3,000
None.
None.
32.883
None.
6,500
10,950
11,063
13,000
16.150
13,000
Total 1890...
53,479
2,944
35,286
11,837
103,546
410,146
Total 1889...
Total 1888...
42,619
38,588
6,306 42,835
8,332 33,671
22,903
11,613
114,663
92,204
625,615
704,806
Mobi.c
Charleston ....
Savannah
Galveston
Norfolk
NewYork
Other ports
5n
—
Sat.
lib.
89,6
89,8
9
9
9'8
9%
105,6 105,8
10l«,e 1013,6
ll>e
lli>i« 11S,«
11»18
11»,«
Good Ordinary.
9
O-'e
9%
91,.
915,6
im
Middlinp
Good Middling
Strict Good Middling.
Middling Fair
Fair
GULP.
Sat.
.yib.
Ordinary
Strict Ordinary
Good Ordinary
81316
9I4
813,6
10%
MM*4M
8'3,6
914
813„
878
9-4
She
lOie
1016
109,8 109,8
lll.« ll'lB
llitR
113n
119,1 119,.
1HS,„ 1113,6
103,8
1058
llig
117-8
115«
1178
12
12
12
12
121,8
127-6 127i„ 127j, V2h<f 121a
12ie.,e 1218,6 12lS,6 1216,„ 13
Good Ordinary.
Middling
Middling..
,
Sat.
Mon Tnes Wed
¥ lb.
Good Ordinary
8I2
918
101,.
1013,, 1013,, 1013,, 1013,6 107a
87,8
1^-
Low Middling
Middling
87,6
87,6
9>1,
87,6
91,6
iS'" 10
tow
10
^^
to
I
lOM
tow
2
2
'f
OM
tv*
8»:
er:
MMWM
MMOM MMOM
MMOM MMCOM
MMOM MMIOM MMqoM
mmSm MMOM
.<to
I)
I
I
IOtO®K)
MM
j>.
*>.«
2
COM
m''
uto 2
0«m1
2
®^:
®r;
MMOM
MMOM MMOM
MMOM
"^
M-3M
I
I
Ml-'
MM
MM
b.
r^
<
Or
O
MM
MM
aP:
00
05
MMOM
tsii^Ki
io*to
COCO^CO
toto
o
OSrf».
"^
O
OM ^2
'COI-'
MMOM
coco
MMOi'>-^HQ>-;
a«=
I
2
COCO
00
Si*':
I
jwc— Mh-OM
wos
to
<
*1t
05
MM
MM
[>.
WW
total sales
and future
5
2
"^
1'
deliveries each
-OM
MMOM
COCO^CO
'CO
OS^I
MM
-J
b.
09 CO
5
"^
cc-j
0,05
to
5
2
^
"^
-j-i
coot
I
I
2
-4-j
toco
9)«;
8P:
MMOM
MM05M MMOM
0000 0000
0000
I
I
WCO^CO
cicj® w
00
MM
00
00
coo
V
•sIM
d
OS
(»
5
2
"
fl00
^^
2
011^
ww®w
soo
MM
00 5
to.
•j-j
oto
:
SPOT MARKET
CLOSED.
1
r^y'
b>
IJ
9*
2
coco
M<1
s)
1
I
Sat
Mon.
Oon-
rump.
1,633
St^'ady
Stoivdy
2,499
I
I
to.
<
2
'>
MCO
CO
vl-^
00
5
C-3C0
OQC
«i
lU
i-'v
Op
to
coco
2
"^
C0|«^
»-o
CCtO
OJO
coo
too
I
M
o
®
col
01
878
OP
101,8
coto
(SCO
1059
Ills
I
MM
00
;
2
toto
too
"
a ":
I
:
1
I
ficjO to
to
1178
121,8
1212
Om
13
2
''
coco
QCtO
M
9)
:
OSM
O OP
Prl.
.
I
Oci
81a
9ie
101,0
lOTg
o
k
^
:
I
*CO
o
to
;^
2
'^
to
MM
00
to
'Z
toto
2
CO;
1
coeoOio
.
IH>0
CO
99
coco
wo
5^
1
®
<*
COM
K"!
e
:
'
^'1-'
99
toto
I
«
to
<
2
-I
;
,.-1
9|
$
2
^
:
MMCOM
POPP
I
®
[
I
WCO^w
M
0»tO
5
5
5
1,6
I
adv.
1,633
1,378
....1
l:
I
\
I
1
22,600
33,900
62,100
97,400
205 104,200
3.0U 338,900
The daily deliveries given above are actnally delivered the
previoiis t<) that on which they are reported.
I
^
1
636 200: September-December, for December, 957,200; SeptemberJanuary, for January, 1,570,100; Septembei^February, for lebmary,
We nave
included in the above table, and shall continue each
of futures each day for each month. It
we^ to give, the average pricefollowing
The
the abbreviation Aver
•'
be found under each day
average for each mouth for the week ,8 also given at bottom of table.
Transferable Orders-Saturday. 1 l;20c.; Monday, 1 1 •20c.: Tuesday,
ll-40c.
11-200.; Wednesday, ll-25c.; Thursday, ll-35c.; Friday,
will
18.700I
I
• Includes sales in September, 1889, for September, 147,600: Septemher-Ootoljer, for October, 640,600; September-November, for November,
FUTURES.
lyiiv-
....
....
-•
day
:
to
5
MMlf'M MMOSM
ppoo
0000
Pa
OOOC
ll'ie
11=8
Salet.
to
2
'^
I
1^
cii
Prl.
"214
93
214
93
205
Wed.
Total
866
'.:.'.
Tuca. Steady
Thnr. Firm at
Fri... Steady
Spec- TranTotal.
tU.
ul't'n
—
:
-l-jO-j
Ov,
»-!^;
Mh-OM MMtOM
COM MMCOM
mmOm
0000 0000 M0000
opgo
o 00 0000
O
ejcoOcj
'(3?°'
Export.
2
"
MMCOM MMtO
0000
ococ
OJ
M
-1I
OP
day during the
SALES OF SPOT AND TRAKSFT.
to-
I
rf^*-
ei-=:
MM
00 5^ 00
I
12%
week are indicated in the following statement. For the
convenience of the reader we also add a column which shows
at a glance how the market closed on same days.
~
"^
MMCr M
tow'^w
•-CO
Ml(».
op
8=8
9»18
9l4,8
1038
lO's
11»16
1138
PC
(O
2
''
coco
00
MMOM MMOM
2
MtOM
»
00 2 COCO 2 coco 2 WW
®.":
eP:
»i*:
MMODM MMIOM MMtp^M MM<IM MMCOM h-MO"M.-OM M — OM MMOM MMOM ^MOm (-'1-'©^
*^^ 2
COMtO^
I
op
2
OSQU
OtO»®i^
5
2
MtO
2
<
COCO^CO
N.
cj»)^
'^o
tf
coio
MMtOM MMCOM
MMOM
til
^^
Kita'-
b»
2
tOtOMl
I
totQ
CIO,
5
t^if-
M — OCM
b,
aa
OtOIM^
H-MOM
CJl
I
2
coco
MO
,
t.
rr|r
f'y
<
.2
MOOM
MOM
MO,i
M
MCO
tOloOfO
p
b>
sy;
I
CO
CO CO
MM
MtO
MM
^K
tow
MARKET AND SALES.
The
^
f-^h*
ta.
5
2
-a
b.
5
2
"^
©r;
MMO*-*
MMOM MMCOM
AA°A
goo <i ^(X> OP
M».^M
MM*!-
MM
5^
HI-;
MM
Tt 2 WM
WW
2 iti
OmM''
*.^IM->
ci
Good Ordinary
MXlf
I
MMtJt-
MMOM
Frl.
Til.
(SOI
MMOJM
w
1
STAINED.
».":
I
MMOM
lO's
11«1«
1198
1158
11=8
1113,6 ll'»ie
I2I4
I2I4
12%
<
O
">
M
-
S
to
MM > MM
MM
AA
CJI05
^ OKI
!»
.
mO
obobO*j
Wed Th.
nion Tnea
9I4
10% 1018
109,6 109,
lUlfl lUlfl
1138 ir*
11»,«
119,
1113,6 liu,.
Strict
Middling
Good Middling
Strict Good Middling.
Middling Fair
Fair
9
>>
t.^t~*
C::M<,a)
•"mo:'
±*
MM h. MM
M
ou
—
8!>8
105,8 106,8
10ia,f 1013,6
11 »8
11%
11^18 116,8
ll»i« 119l«
11% 11% life 11%
123,fl 123,6 123„- 123,ft
1211, 1211.. 1211,. 1211,
Low Middling
Strict Low Middling..
[>
consumption.
89i,
MO^
•
g9."5
.i-^Ml
B Mrf»g
44,805
Mod Taea Wed Tb.
89l6
©"mS^
12l,0.'?2
t-ti-^
I
o
o
o
tftooS
15,270
—
UPLANDS.
OS.
19,598
9,3(i2
CO
I
ll,3t>0
in transit. Of the above
and
bales
Tvere to arrive. The following are the official quotations for
each day of the past week March 1 to March 7.
©rdinary
6i.rict Ordinary
Good Ordinary
eg.
•
;
3,011 bales, including 1,633 for export, 1,378 for
(Ti
o>
B:
169,780
1S.939
in cotton for future delivery at this
for speculation,
<5
s>
I??
market
was at declining prices for the first half of the week under
review.
The large plantation movement last week and the
cessation of heavy rains at the South, together with weak accounts from Liverpool, were depressing influences.
But
toward the close of Tuesday the small movement of the crop
since the Friday before and the reduced stocks at the South
(through large exports) brought in buyers more freely; and
"when on Wednesday Liverpool reported an advance of 3-64ths
in futures and a better market for spots, there was a buoyant
market, with considerable activity. On Thursday there was
renewed activity and buoyancy, a better report from Manchester being added to the supporting influences, and bringing
out an active demand from the " shorts" to cover contracts.
To-day the Liverpool report disappointed our bulls, and the
opening was slightly lower but the market quickly rallied,
and in the last hour, owing to the report of small interior receipts, became active and buoyant, reaching the highest figures of the season, namely 11*40j. for April and 11 55c. for
Cotton on the spot was marked up l-16c. on ThursAugust.
day, although very quiet, and the close was firm at ll%c. for
middling uplands.
The total sales for forward delivery for the week are 338,900
bales.
For immediate delivery the total sales foot up this week
The speculation
Strict
c
3:
1,036
Low
CD CO
Sleek.
Total.
wise.
10,679
Strict
n
(n
o3.£ =
M « 2
0.
S3
'•d
2,094
Low
(t
o3.£& oa£-»
cleared—for
19,074
None.
2.500
None.
4.705
10,000
7,200
10,000
Strict
O
tc
»
LeaHna
al-
shown by the
are
OQ
oq
t:hipboar<t, not
U
following comprehensive table:
&
On
[Vou
'
The following exchanges have been made during the week.
16 i)d. to exeh. 400 April for Jnly»
•05 pd. to exch. 100 May for June.
•15 pd. to exch. 200 April for July.
•03 pd. to exch. 100 March s. n. for
regular.
Even 200 Aug. for July
04 pd. to exch. 200 Mch. for Apiil.
10 pd. to exch. 100 April for June.
Even 100 July for Aug.
•18 pd. to exch. 100 Mch. for July,
Even. 100 July for Aug.
March
THE CHRONICLE.
8, 18«0.J
The Visible Sopply of Cotton to-night, as made up by cable
as follows. Tlie Continental stocks, as well as
those for Great Britain and the afloat are this week's returns,
and consequently all the European figures are brought down
But to make the totals the complete
to Thursday evening.
figures for to-niglit (Mch. 7), we add the item of exports from
the United States, including in it the exports of Friday only.
1888.
1887.
1889.
1890.
701,000 883,000 947,000
Stock at Llventool..
bales 1,050,000
7,000
25,000
14,000
15,000
Stock at Londou
and telegraph,
is
Total Great Britain stock. 1,071,000
2,100
Stock at UambiUK
Stock at lireinoii
134,000
Stock at Ain.st<jrilaiu
7,000
300
Stock at Rottoidam
Stock at Antwerp
0,000
Stock at Havre
177,000
..
Stock at MarselVles'.....'.
3,000
Stock at Barcelona
90,000
Stock at Genoa
22,000
14,000
Stock at Trieste
768,000
2,200
25,900
20,000
908,000
4,100
45,000
22,000
600
400
700
128,000
4,000
53,000
7,000
0,000
104,000
3,000
61,000
4,000
4,000
200,000
461,400
250,700
300,100
406,900
Total Continental stocks
1,100
0« 1,000
3.UK)
35,000
29,000
300
000
5.000
51,000
5,000
11,000
Total European stocks.. .. 1,535.400 1,018,700 1,217,100 1,307,900
India cotton afloat for Europe.
214,000 270,000 190,000 175,000
Ampr.cotl'uafloatfor Europe.
318,000 327.000 290,000 423,000
37,000
51,000
50,000
E»?ypt4Brazil.&c.,afltforE'i''po
34.000
Stock in Hulled States port«..
513,692 740,278 797,010 741,923
StockinU. 8. Interior towns.. 181,333 227,479 282,641 212,556
United States exports to-day.
50,094
24,764
37,906
6,873
2,834,441 2,670,551 2,858,515
Total visible supply
Of the above,
tiie totals
2, 983,252
of American and other descriptions are as follows:
Ameruan—
The above totals show that the old interior stocks have
decreased during the week 25,013 bales, and are to-night 46,096
bales less than at the same period last year. Tlie receipts at
the same towns have been 17, UO bales less than the same
week last year, and since Sept. 1 the receipts at all the towns
are 81,595 bales more than for the same time in 1888-89.
Quotations for Midduno Cotton at Other Markets.—
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week:
CLOSINO gUOTATIONS FOB MIDDLDfO COTTOX
Vtek endina
March
7.
Satur.
Hon.
Tuts.
Dalveston
New Orleans
Mobile
10«8
101 i,a
lOij
lOlliK
IOII16
Savannah
lO^
lOl'ig
1011,8
10>,«
lO^B
10«8
10»8
. .
. .
Wilmington
10^
Norfolk
Baltimore...
PhUadelphia
Augusta.. ..
Memphis
...
Louis
Cincinnati
.
Louisville.
..
836,000
356,000
318.000
513,692
181,383
37,966
bales
American
afloat tor Europe...
United states stock
United States interior stocks..
United States exports to-day.
Total American
Sast ImHan^ Brazil^
Liverpool stock
705,000
197,000
296,000
797,010
592,000
169,000
327,000
740,278
227,479
50,094
282,(541
745,000
308,000
423,000
741,923
212,556
24,764
6,873
2,243,0412,105,8512,302,415 2,437,352
rfc.
220,000
15,000
108,400
214,000
31,000
Londonstock
Continental stocks
India afloat for Europe
Egypt, Brazil, &0., afloat
178,000
25,000
112,100
190,000
51,000
169,000
7,000
81,700
270,000
37,000
202,000
14,000
98,900
175,000
56,000
591.400 564,700 556,100 545,900
2,343,041 2,105,851 2,302,415 2,437,352
Total visible supply
2,834,441 2,670,551 2,858,515 2,983,252
Price Mid. Upl., Liverpool....
6i,,,d.
S^sd.
5%d.
S'lsd.
liaise.
New York....
103, ^c.
lOSi^c.
OV.
PriccMld.Upl,,
IS" The imports
into Continental ports this
week have been
130,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 163,890 bales as compared with the same date
of 1889, a decrease of 34,074 bales as compared with the
corresponding date of 1888 and a decrease ot 148,811 bales
as compared with 1887.
At the Interior Towns the movement—that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding i)eriod of 1883-89— is set out in detail in the
following statement.
lOlllB
10%
lOi,.
lOOg
1058
105b
10»,g
10»i
10»8
10»8
10lJ,g
It's
lO's
lOSs
10"»
10»8
lo'a
11"«
iia
10%
llHi
IIH)
U-.s
u»„
1058
10»8
lOig
lO's
10!>8
10»8
10»8
10^8
11
11
Fri.
lou,.
10%
10%
10
im
11%
OH—
Thur:
im
im
11%
1X",«
10»8
11»I<I
100b
10»8
10»8
11»8
10S8<I%
10%
10%
10»8
10»8
10I>B
10%
11
11
11
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
lOJa
Selma
ICe
10%
lOia
10»8
Shreveport
lO"*
Rock..
Little
10 13
lOHa
10% Rome
Montgomery
Nashville
Baleigh
lOi'ig
IOI3
Columbus, Oa.
Columbus, Miss
Eufaula
,
Receipts From the Plantations.—The following table
the^ctual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
fiaally reaches the market through the outports.
indicateji
WUk
RMeiptt at tht Portt. St* ot Interior Towm. lUe'vUJrom Plani'nt,
BnUnQ—
Total East India, Ac
Total American
11<3
11 ie
lOSg
10"8
10»8
10^8
11
Wednet.
10%
10!l(
im
11>8
Boston
St.
10*,4
10«8
10»8
10=8
lOOg
10«8
Ubarleston.
Atlanta
Liverpool stock
Coatiuental stocks
861
Jan. 81
Feb. 7.
"
.
14
21
"
•'
2«.
Mch.
7.
...
.
1:88.
1889.
1888.
1890.
1
1889.
1890.
1E89.
1889.
1880.
1
98,068 ISS.3S4 159,365 379,6561.^61,239 287,881
99,5 3 128,317 140,253 308,663i33«.58l 280,548
84,t37 135,670 99,905 360.441 320,2'37 25«,957
89,084 98.350 83,813 350.614 887,548 289,093
83,562 m,5,3 88,608 324,5-8 270,97.- 222,978
73,'169 Hl,fl3S' 63.554 :!02,5C9l24«.002 19B,97S
80,212 126,950
88,690| 101,8^9
75,915 119,438
59,IM 73,608
89,1^86 70.020
5I.S89 56.6t<M
122,070
132,917
79,374
«3.aM
89,888
37,55*
—
The above statement shows: 1. That the total receipts from
the plantations since September 1, 1889, are 5,630,557 bales; in
1888-89 were 5,241,593 bales; in 1887-88 were 5,253,606 bales.
2.
That, although the receipts at the outports the past week
were 63,554 bales, the actual movement from plantations was
only 37,553 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 56,668 bales and for 1888 they were
51,389 bales.
—
Amount of Cotton in Sight March 7.—In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to March 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton'now in sight.
1889-90.
1888-89.
j
I
1887-38.
j
|
1886-87.
Receipts at the porta to Mch. 7 5,436,023 5,OlO,965'4,974,92s|4,929,138
Interior stocks on Mch. 7 In
excess of Septemberl
184,534 230,0271 278,6781 188,902
|
I
Tot. receipts from plantat'us 5,620,557 5,241 ,592i5,253,606 5,1 18,040
Net overland to March 1
795,511) 779,991
816,752 623,23»
Southemconsumpt'ntoMch.li 331,000' 325,000 300,000' 250,000
'
Total in sight
tccn
c:C-
March
7
6,747,068 6,346,583 6,370,358 5,991,273
?2!
Northern spinners takings to
^
•-'
00 u»
t-*
1^
o
I
I
2'OWM —
.
CTClH-^a.it-CXOCiff'.-qcsO
III
Is
755,795 bales.
Weather Reports by TELEORAPH.-^Our
^'^
tn
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OS-
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iff
acc-jrf-ootoc:
ff_
*_;&>;
Wp'C-COtO_'-COrfk
tt-
1889 IlKures are for Palestiue.
.ille
»
CiL>
'^--JM-oyixd-vi ^it-WC0OC;C00;*qC03S
to
Louis
•~2?.
o: tz
w'^XXOXtfi'CO CJCWCiUirotctntCCtOs
r to o I-* to -^ aOiM — XW-lrf^WCKX
o:
—
—
—
pco
c:
w -^
telegraphic ad-
from the South to-night indicate that the temperature
has been low during the week at some places very low with
frost and ice.
No damage, however, seems to have resulted
except to gardens and early vegetables.
Oalveston, Texas. There has been rain on one day and
frost and ice on two days.
The week's rainfall has been one
inch and flfty-one hundredths.
Average thermometer 48,
highest 67 and lowest 30. During the month of February the
rainfall reached one inch and ninety-two hundredths.
Palestine, 7'exas. Rain has fallen on two days of the week
to the extent of one inch and ninety-five hundredths.
Frost
and ice on two nights did damage to early gardens, and fruit
is perhaps injured, but no other damage.
The thermometer
has averaged 44, the highest being 70 and the lowest 19.
Rainfall during February three inches and seventy-two hun-
vices
)F*'
I
I
March 7
1,564.947 1,538,489 1,452,448 1,303,362
It win be seen by the above that the lucrcuse in amount in sight,
to-night, as compared with last year, is 400,485 bales, the increase as
compared with 1887-88 Is 376,710 bales and the increase over 1886 87,
toe:
CJ«COi
1
1889 fl,«uies are for Petersburg', Va'
years are " net."
i TlUs year estimated.
t
—
dredths.
Htmtsville, Texas. It has rained on two days of the week,
the precipitation reaching seventy-nine hundredths of an inch.
Vegetables have been killed by the frost and ice, which
formed on two nights, but no other harm. The thermometer
has ranged from 34 to 70, averaging 46. February rainfall
three inches and seventy-two hundredths.
—
'
THE CHRONICLE.
362
—
Dallas, Texas. Frost on two nights of the week has nipped
^gardens but nothing else hurt. Rain has fallen on two days
of the week to the extent of one inch and nine hundredths.
The thermometer has averaged 45, ranging from 11 to 79.
During the month of February the rainfall reached one inch
and ninety-five hundredths.
San Antonio, Texas.—
have had rain on two days of the
week, the rainfall reaching two hundredths of an inch. Frost
and ice occurred on two nights, but nothing except early
vegetables has been hurt. Average thermometer 52, highest 81,
lowest 24. February rainfall two inches and ninety hundredths.
Columbia, Texas. The weather has been dry all the week,
with frost and ice on two nights. No damage of any consequence. The thermometer has averaged 53, ranging from 34
During the month of February the rainfall reached
to 82.
two inche.s and seventy hundredths.
Brenham, Texas. Rain has fallen on one day of the week
had frost
to the extent of four hundredtlis of an inch.
on three nights and ice on two, but aside from gardens no
damage has been done. Average thermometer 50, highest 77
and lowest 33. During the month of February the rainfall
reached three inches and thirty-nine hundredths.
Neic Orleans, Louisiana. It has rained on three days of the
week, the rainfall reaching seventy-nine hundredths of an
inch. The thermometer has averaged 49.
Shreveport, Louisiana. Rainfall for the week nineteen
hundredths of an inch. Average thermometer 41, highest
,66 and lowest 32.
Columbus, Mississippi. It has rained on one day of the
week, the rainfall reaching forty hundredths of an inch. The
thermometer has averaged 38, the highest being 58 and the
lowest 14. During February the rainfall reached nii:e inches
and ninety-eight hundredths.
Leland, Mississippi. The weather has been cloudy and
cold during the week, with rainfall of sixty hundredths of an
inch. The thermometer has averaged 41, ranging from 20 to
69.
February rainfall four inches and two hundredths.
Qreenville, Mississippi.
The week's precipitation has been
thirty hundredths of an inch.
The thermometer has ranged
We
—
—
We
—
—
—
—
—
Stateburg, South Carolina. There has been rain on two
days of the week and snow on one. The rainfall reached one
inch and five hundredths. The thermometer has averaged
48'7, ranging from 34'5 to 75*5.
Rainfall during February
one inch and sixty-five hundredths.
Wilson, North Carolina.— Telegisim not received.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3
o'clock
March
1889.
7,
Ueh.
6, '90.
Mrh.
7, '89.
Feet.
Inek.
Feel.
Now Orleans
15-9
Above low-watermark.
11
34-4
Above low-water mark.
20
3
50-0
Nashville
Above low-watermark.
13
8
22'0
Shreveport
Above low-water mark.
23
46-4
Vicksburg
Above low- water mark
32
6
Note.— Reports are now made in feet and tenths.
India Cotton Movement from all Forts. The receipta
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to March 6.
BOMBAY BECEirrS AND SHIPMENTS FOB FOUR TEARS.
Memphis
—
SMpmeutt
Shipments since Jan.
this teeek.l
tear Oreai OontiBritn. nenl.
Oreal
Britain
Total.
Continent.
Receipts.
1.
This
Week.
Total.
1890 25,000 47,000|72,000 70.000 282,000
1889 14,000 85,00o!99,000ill5,00o:3l4,000
1888(22,000 24,000i46,000, 49,000|172,000!
1887 9,000l34,000 43,000 59,000|l96,000|
<9i>tee
Jan.
1.
624,000
652,000
407.000
431,000
352,000;8l,000
429,000 78,000
221,000 55,000
255,000 51,000
According to the foregoing, Bombay appears to show
an increase compared with last year in the week's receipts of
3,000 bales, and a decrease in shipments of 37,000 bales, and
the shipments since January 1 show a decrease of 77,000 bales.
The movement at Calcutta, Madras, and other India ports for
the last reported w^eek and since the 1st of January, for two
"Other ports" cover Ceylon,
years, has been as follows.
Tuticorin, Kurrachee and Coconada.
Shipments since January
Shipments for the meek.
Great
Oontinent.
\
Britain.
31 to 60, averaging 41.
Great
Britain.
Total.
Continent,
1.
Total.
]
—
Helena, Arkansas. There have been two heavy showers
during the week, the precipitation reaching one inch and
ninety-two hundredths. Farm work is progressing. But little
fruit has been injured by the cold.
The thermometer has
ranged from 17 to 50, averaging 34. During February rain
fell on ten days, and the rainfall reached nine inches and
thirty hundredths.
Vicksburg, Mississippi.
—Telegram not received.
Little Rock, Arkansas. — The past week
been marked for
lias
the lowest temperature of the winter, but it lasted only three
•days.
It has rained on four days, the rainfall reaching sevonty-six hundredths of an inch, but the weather is now bright
and balmy. The thermometer has averaged 33, ranging from
16 to 54.
Nashville, Tennessee.— R&in has fallen on four days of tlie
week to the extent of eighty-four hundredths of an inch. The
thermometer has averaged 29, the highest being 57 and the
lowest 16.
Memphis, Tennessee.—
have had rain on two days of the
week, the rainfall reaching ninety-one hundredths of an inch.
Average thermometer 34, highest 52 and lowest 17 lowest
this season.
Dui-ing the month of February the rainfall
reached three inches and thirteen hundredths, on thirteen
days.
Mobile, Alabama. There has been a rainfall of sixty-one
hundredths of an inch on four days. We had a freeze on Sunday. The thermometer has averged 45, ranging from 25 to 63
Montgomery, Alabama. We have had rain on three days of
the week, the precipitation reaching fifty-two hundredths of
an inch. Frost on three nights. The thermometer has ranged
from 21 to 66, averaging 44. February rainfall three inches
and forty-three hundredths.
Selma, Alabama. It has rained on two days of the week,
the rainfall reaching one inch and thirty hundredths. Average thermometer 37, highest 64 and lowest 20. During the
month of February the rainfall reached six inches and twentytwo hundredths.
Auburn, Alabama. Rainfall for the week one inch and
thirty hundredths. The thermometer has averaged 43-3, the
highest being 6 l-o and the lowest 18.
Columbus, Georgia.— Uaiin has fallen on one day of the
week, to the extent of fifty-seven hundredths of an inch. The
thermometer has ranged from 37 to 63, averaging 43. During
February rain fell on eight days, and the rainfall reached two
inches and eighty-six hundredths.
Savannah, Georgia. It has rained on three days of the
week, the precipitation reaching fifty-six hundredths of an
inch. Average thermometer 49, highest 80, lowest 36. During
the month of February the rainfall reached one inch and two
hundredths.
Augusta, Georgia. The weather has been pleasant, with
light rain on four days, to the extent of ninety-three hundredth? of an inch. The thermometer has averaged 47, the
highest being 67 and the lowest 34. During February the
rainfall reached one inch and eighty eight hundredths.
Charleston, South Carolina. Rain has fallen on three days,
to the extent of eighty hundredths of an inch. Average thermometer 50, highest 74 and lowest 38, During the month of
ebru -1 7
e rainfall reached one inch and twenty-eight hundredths.
We
Calcutta
—
—
—
2,000
1,000
1890
1889
4,000
4,000
2.000
1890
1889
others—
1890
1889
27,000
25,000
39,000
46,000
2,000
4,000
5,000
1,000
2,000
5,000
7,000
Total
2,000
2,000
2,000
4,000
4,000
6,000
11,000
17,000
8,000
7,000
19.000
24.000
6,000
3,000
6,000
8,000
12.000
11.000
27,000
43,000
30,000
34,000
63.000
77,000
aU-
1890
1889
The above totals for the week show that the movement from
the ports other than Bombay is 1,000 bales more than the samfi
week last year. For the whole of India, therefore, the total
shipments since January 1, 1890, and for the corresponding
periods of the two previous years, are as follows:
ESPOKTS TO EITEOPE FROM ALL INDIA.
1889.
1890.
Shipments
1888.
Since
Jan. 1.
This
week.
Jan.
46,000
12,000
221,000
72,000
58,000
293,000
This
week.
other ports.
72.000
12,000
352,000
03,000
11,000
429,000
77,000
Total
84,OO0i
415,000 110,000|
506,000
to all
Eiirope
from—
Bombay
All
ThU
Shire
Jan. 1.
week.
99,000l
Since
1.
Alexandria Receipts and Shipments.— Through arrangements we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Ale.xandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexandria, Eqypi,
March
5.
—
Receipts (cantars*)
This week
Since Sept. 1.
1889-90.
1888-89.
1887-88.
50.000
3,008,000
36,000
2,562,000
32,000
2,792,000
Since
This
week. \Sepl. 1.
This
week.
5,000 224,0001
e.-OOO 120,000
2,000,193,000
5,000 114,000
7,000215,000
Sept.
I
\
Exports (bales)—
To Liverpool..
To Continent
.
Since
1.]
Since
This
week.
Sept. 1.
4,000 129,000
11.000 344.000 7,0001307,000 ll,000l344,000
* A cautar is 98 pounds.
Manchester Market. Our report received by cable to-night
from Manchester states that the market is quiet for both yarns
and shirtings. Stocks of both goods and yarns are accumlatgive the prices for to-day below, and leave those for
ing.
previous weeks of this and last year for comparison:
Total Europe
—
We
—
—
12,000
21,000
411
—
—
6,000
5.000
Madras—
—
i
and March
6, 1890.
I
—
from
U
[Vol.
1889.
1890.
8M
32« Oap.
d.
Feb. 7
81-2
" 14'8% »8%
" 2ll8« 8a>8%
" 281838 3)8%
Mch.7
d.
d.
98''a
®8''8
8''i««8lli
lbs.
Hid.
Shirtings.
Twist.
J'u318i3
Oott'n
8
6
6
6
6
4
4
3
3.
Xfplds
d.
d.
87
Twist.
d.
d.
7isi6a87ie
«7
a7
2i2*7
32» Oap.
6
7l5,8a8''je
IJs
3 W7 3
Nominal.
61,
715i8S8''li.
61i6 7i5,s'a>8'',6
01.„ i715|g-s8lifi'6
SH
lbs.
Shirtings.
8.
®7
®7
87
®7
®7
®7
Ooien
Mid.
Vplds
d.
d.
ll2
212
1>3
512
5=8
1'^'
II3'
5»i«
5^
\H' 5=8
Habch
8,
CHKONICLR
ITIE
1890.]
3)3
OvERiiAND Movement, &c., to March 1.— In our editorial print cloths. The number of
columns to-day will be found our regular statement of at the close of each year, 1865
overland movement, receipts, exports, spinners' takings, &f., subjoined statement
1975
1865
205,128
brought down to March 1.
East India Crop.— Messrs. Qaddum, Bythell & Co.'s report,
dated Bombay, January 31, says:
Arr va'8 into Bombay ihts week f.a sUoit of tlitfe ot last week by
about 4,' (lU balrs, wh le ill the up-eountrj- iiiiiikets tlnre la an liiorrae
1
of over 8,000 balej. The reports from the Broach and DhoUcra (U-ilrlcts
both distriets. and Home
continue aatisactorv; pUkiuK >!< ^T'llut; on
cotton is arrivIiiK iii'the DhoUer.i inaik^tp. Broach nod eotton Is now
coming Into tlic glnulnff factoriia, and next Wtcksonreof them w.ll
commence work on a email srale.
The Bombay Prices Current of the same date says.
The ollitial tdi praidilc advices re(;Hrillng ho cotton cop made known
on Monday, reporti d a ooitlnnimee of favorable weatbor for the
harvi sttOK of the i;i on th<« which had matured, and for the full development if those which were nor, or onlv par tally, ready for picking.
Amongst the latter it was stated that at Bioai h the mornings wore cidd
m
I
and dewy; and that plckiuf? ot the plants had become general; tlie
cottin bex nijJnK to arrive in small quautitl' «; and In the DhoUera
drill, the crop was said 10 1)6 excellent at Wudwan, while at Vieriimgaum picking had pari ially begun, and nt Buownuggur arrivals were
ino eoBJng daily. The fresh news received to-day is that the present
weather at Hnbll in the Dharwar circle inay improve the cotton yield
slightly, and the same is sa'd with regard to the crop at Veeruin^aum,
In the Dhollera elicle; th f <vorable advices from other auarters being
repeated. The plan's In the Beilary district were showiug bolls.
•
Domestic Exports of Cotton Mandfactukes.— Through
the courtesy of Mr. S. G. Brock, Chief of the Bureau of
Statistics, we have received this week a statement showing the
exports of domestic cotton manufactures for January, and for
the seven months ended Jan. 31, 1890, with like figures for the
corresponding periods of the previous year, and give them
below:
QuantitUsnf Manufactures of Cot Month ending Jan,3\.
toil
icahrtd aiui uncolored)
exported to—
Qreat Britain and Ireland
Other coantrles In Europe
British North America
—
7
1800.
yards
mos. ending Jan. 31
1890.
2«9,8n,
22»,S4«
161.983
19.5S1
431,88
3l!9.730
70,76-
1888.
4,385,951
1,S0 1,878
878,873
5,027,676
5U.«r.O
6.961,160
4,911.360
5,088.371
1.446.l'5>
8,881.6''7
0,05:i,ie2
1,S00,8'J0
2I7.H64
(33.002
2«4.850
2,801.931
8,837,278
3,02 1,8!
5,610.455
1.1»0,m44
10,463.915
8,305,774
821,707
309.42«
344,62j
353.1411
817.220
328,853
6.697.676
4.312.342
2,406.10a
5,332,838
8,872,382
Total yards of above..
8.609.296
1I.37W.626
66,816,914
67,734,517
Total values of above.
t618,4atl
n7,-,914
1-0634
t4.858,48IJ
14,844,724
1-0718
1-072;
$-0715
tS6.e42
t49,639
1228.931!
I288.S22
939
1.519
2,798
23.610
10,080
too
3,892
23.767
11,017
Mexico
S0?,2e6'
Centra] American States and
4,895,927
l,:!2lt.2:!3
[
British HuDduras
West Indies
632,0C0
1.832,683
Argentine Kepublio
aifl.071
Braill
D22.664
United States of Colombia...
Other countries in S. America
China
Other countries in Asia and
Oceanica
Africa
Other countries
11)1.744
X.158.397
Value peryard
Value* of other Manufactures of
Cotton exported to
Great Britain and Ireland
413.234
I
2,085.327
3.92^,257
2,45S,U2I)
13,014, IBS
9.2J4,7B2
5,154,S2;l
—
Germany
France
Other countries In Europe
British North America
Mexico
Central American States dt British
Hondura!"
1.863
B.473
West Indies
Dntted States of Colombia
Other countries in So. America
Asia and Oceaoica
Africa
Other countries
1
15.3f^6
B.0;!9
0,4<',»
11.249
165.673
114,413
164,062
115,78;i
49.81'
13,900
38.049
61.8M7
48.022
5.587
40.982
2.418
9,t01
4.693
R.473
38.0-i2
203,557
62.7;!0
188.-^-3
1,327
32.-!
5.-i33
4.170
2.0S7
18.60U
7.7C-9
»155,609
$933,523
$952,162
$5,810,642
11,009.901
2,(i2rt
,
Total value of other manufactures of
AjTgregate value of a] cotton goods
6.65^
17,96.'!
S5.2a:!
spindles in the Fall River mills
to 1889 incliuive,
is
1,2^0,0 IH
1983
1805
40:4,624
187(1
l,-i74,20.>
liiSl
I -JOS..
537,416
841,806
:83,138
1877
1878
1879
1880
1881
1.281.701
1.122 109
188J
1880
IH87
1888
1889
1870.
187J
1872
1873
1,091,702
.1.21-/,fl04
l,2.'S8,5i8
1-J74
l,?0«,l!)l
I,:)!K),S30
1,l'2i).tl2
USi
giving in the
1,713,836
1,038,693
1.742,884
l,795,-254
1.823,472
1,893,9U
2,128,229
1,«78,01(J
Here we see that in twenty- five years spindle;; have increased over 700 per cent, and since 18^0 the gain haa been 88
per cent.
The Chronicle's returns of spindles in the United .States,
1st of September, 1889, showed the total in the
whole country at that date was 14,175,000—of which 12,725,000
spindles were in the North and 1,450,000 spindles were in the
made up on the
South. Consequently, Fall River now has one-sixth of all the
cotton spindles in the North and 50 per cent more spindles
than the whole of the South is now running.
News.—The
Sjipping
exports of cotton from the United
States the past week, as per latent mail returns, have reached
98,845 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph and published in
the Chronicle latt Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday.
New York—To
TotcU ttalet.
Liverpool, per steamers Arizona,
1,471
liolhDia, 979....DHlton, 1,289... Lake Ilurcn, 2,218....
Lake Nepigon, 1,483... Teutonic, e31
The Queen,
9,347
l,'i76
To
To
To
To
To
null, per steamer Weethall, 830
I,ondon,.per steamer Ass' rla, 200
830
200
272
620
771
Newcastle, per steamer Henrietta H. 272
Havre, per steamer La Champagne, 620
..
Bremer, per steamers Ems, 513
Travc, 25S
Rhaellsi, 423...
T ILimburK, per steamers Cassiiis, 1,550
Kiigla,650... Suevl»,594
To Antwerp, per steemers Hermann, 543
Westemland,
3,217
596
1,139
Liverpool,. per steamers CaHfornlan, 2,183
Enriqne, 4.400
Gallego, 5,100 . Merchant, 2,138
... Navigator, 3,594... \Vm. Cliffe, 7,318
24,733
To Bremen, per steamer Aogers, 7.419
7,419
To Bnreeloua, per steamer Pouce de Leon, 1,783
1,783
To Malaga, per steamer Ponce de Leon, 1,500
1,500
To Geuna, pi r steamer Crown, 4,600
4,600
Galveston— To Liverpool, per steamers Amethyst, 2,507
Atlantis, 3,357
5,884
Savannah— To Liverpool, per steamer Kirtle, 3,832
3,832
To Nordkoping, per bark Orskar, 1,4.50
1,490
Chari.kston— To Br alien, per steamer Nito, 4,450
4,450
To Nordkopiag, per bark Neptun, 1,025
1,025
ToMaliuo. per brig Lectch, 1,150
1,150
To Barcelone, per brig Clara, 834
884
NoRFOLK-To Bremen, per steamer Monarch, 5,392
5,392
West PorNT— To Liverpool, per ste.imers Albany, 2,031....
Bentala. 4,623
6,657
NEWPORT News— To Liverpool, per steamer Suffolk, 2,369
2,369
Boston— To Liverpool, per steamers Bostonlan, 2,364 .. Cephalonia, 1.361... Palestine, 1.035
4,760
To Yarmouth, per steamer Yarmouth, 216
il6
Baltdiore— To Liverpool, per steamer Yorkshire, 3,22-1
3,224
Philadelphia—To Liverpool, per steamer British Princess, 611
641
Nbw Oklkans—To
98,345
particulars of these shipments, arranged in our usual
form, are as follows:
Total
The
liarectl30.2S5
«748.-U
Bremen
Bull,
Liver- London,
pool.
$5,834,625
•tc.
tt
Bavre.
New York.
Jute Butts, Baooing, &c.—There has been a fair inquiry
for bugging and the market is steady in tone, with sellers
quoting CJ^c. for l}^-lb., 7c. for IJ^-lb., TJi'c. for 2-lb. and
S}4g. for standard grades.
Only a light call is noted for jute
butts,
s, and the price is nominal at l-GOOl-fbc.
l-GO^l-fg'c. for paper graces
and 1/8 §3J^c. for bagging q-aalities.
Fall Rtvek and
Its MAmiFACTURES, 1803-1890.—Through
the courtesy of Messrs. Durfee & Chace, Fall River, we have
been favored with a copy of the twelfth edition of " Fall River
P,C47 1,302
N. Orleans. 24,733
Galveston..
5.864
Savannah
3,832
Ham-
burg.
620 3,988
N'p't
News
Xe.
4,450
5,392
7,833
2,175
884
6,657
2,369
4,760
3,224
Philadelp'a
Tarmouth.
1,4.=^0
.
Boston
Baltimore
(fc,
1,139
7,419
Charleston.
Norfolk ...
West Point
Antlona.
werp, Oenoa,
216
Total.
10,396
40,035
5,864
5,282
7,509
5.392
6,657
2,369
4,976
3,224
641
641
620 21,219 4,704 8,767
216 98,345
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest da'es:
Galveston—To Liverpool— March 1— Steamer County, 3,415.
New Orleans—To Liverpool— Fel). 28—Steamer Casteilano, 4,500....
March 1— Steamer Professor, 4,619 .. March 3-St!!amer MUton,
3,774
March 4— Steamer Pedro, 5,261
March 5-8teamer
Ked Sea, 4.4b9.
To Havre— Mureh 3— Steamer Paris, 5,011.
To Bremen— Feb. 28— Steamer Fedtratlon, 6.16.5.
To St. Petersliurg-March l-8hlps John Bunyan, 3,800; Newman
Total.... 01,427
1,302
and Its Manufactures," compiled from official sources by Mr.
Henry H. Earl. In addition to other interesting matter contained in the book, there is an article on Fall River, its location water-power and growth in cotton manufacture al' o
tables giving higliest and lowest prices of print cloths from
1850 to 1889, the weekly production of the print cloth mills,
stock, sales, price per yard during the seasons 1888-89 and
Hall, 4,756; Paramatta, 4,835; Rialto, 5,000.
To Keval— Marcii 1— Bark Triade Ta rabochlsi, 3,200.
1889-90, and a complete list of the cotton-manufacturing estabSAVANNAH—To R-val— March 1— Bark Carl Beck, 3,5,10.
lishments of the city, showing style of goods produced, capital,
To L'sbon— March 5— Bark Sesri, 1,-JOO.
To Genoa-March 1- Steamer Trieste, 4.050.
spindles and looms. These cotton estabUshments are summaCharleston,
rized as follows:
;
Number
To
Petersburg-March 1—Barks Johan Hansen, 1,908;
St.
of cori)orations, 40; capital stock
(incorporated), $20,64,S,000; number of mills, 6.5; spindles,
2,128,228; looms, 49,586; employees, 21,750; pay-roll per week,
Norfolk— To Liverpool— March 6— Steamer Puerto Riqueno, 3,000.
West point- To LtveriTOol— March 3— Steamer Cyphreues, 4,437.
SBWPOKT News— To Liverpool-March 4- Steamer Albany,
$145,405: weekly production in pieces, 2j21,000; yards of cloth
per annum, 597,850,000; bales of cotton per annum, 244,850;
tons of coal a year, 174,750. This report further states that
Steamers Like Superior, 1,869; Norseman, 1,104; Marcli
Steamers Istrian,
Michigan,
To Yurmouth- March 4— Steamer Yarmouth, 256.
Baltimore- To Liverpool— March 3— Steamer Nessmore,
.
865,270,350 yards of print cloth are manufactured in the United
States per annum. New England manufacturing 702,891,685
yards, of which Fall River produces 597,850,000 yards. Consequently, FaU River manufactures over three-fifths of all the
Rupsell. 2.02-5.
.
Boston— To Liverpool— Feb. 2.T-8tcamer Venetian,
;
1,
136. ...Feb.
26—
3—
,
To Havre-Feb. 25-8teamer Eli-ctriiiuo, 274.
To Bremen -Fib. 26—Steamer Weser, 1,531.
To Antwerp- Fvb. 26- Steamer Oifoid,
....Marob 1—Steamer
Lppanto,
.
To K"tterdam-Feb. 25-Steamer Ohio. 541.
PHn.ADELPHiA— To Liverpool— JLirch 4— Steamer Ohio, 743.
To Antwerp— March 4- Steamer Nederland, 266.
•
•JBE CHRONICLE.
364
Below we give all news received to date of disasters to
easels carrying cotton from United States ports, &c.
Cabteliamo, steamer (Span.) -A Are wsis discovered on March 3 aboard
steamer Castellano, which cleared at New Orleans, Feb 28, for
Liverpool. B'lfty bales of cotton wore damaged.
CvpiiRENEs, steamer (Br.), from West Point. Va., for Liverpool, got
sgi'ound on York Spit, Chesapeake Bay, March 3, but was 11 >ated
morning of the Itli, uninjured, by the Morrltt Wrecking Company,
and proceeded.
Cotton freights the past week have been as follows:
Batur.
Hon.
Tuet.
13«,
13«,
13.
Uverpool, steam d.
Do
Wedna. Thur$.
fri.
13,
latedellv'y.d.
Bavre, steam
Do
e.
Bremen, steam
Do
38
38
e.
sail
»16
c.
.
indirect, e.
Hamburg,
Do via
steam.e.
17,,
6J*
60'
60*
60'
60-
60*
DAtLT OLOSniO PSICE8 OF KO. 2 RED WKITEB WHEAT.
Sal
Thurt
Mon
Tuet. Wed
Indliect..'/.
Beval, steam
Do
d.'i964®^i6 '*64'<*'ia^*6i®^i6 ^^M'^^it, 19j^®6jg
sail
....
d.\
Genoa, steam
I
im
Barcelona.steamd.j
Antwerp, steam d.
• Per 100 lbs.
^le
143932
""is
\
'
V**i6
''oi^'ie "64'*°i6
^is
I
'^^ei'^''32
^^64^''32 '^«4^''32 '^6t'a''3a '^m'^'^aa
'^m^Taj
—
LnrERPOOL. By cable from Liverpool we have the following
statement of the week's sales, stocks, &c., at that portFeb. li
Uarchl.
Feb.2i.
Feb. 21.
week
40,000
37,000
39,000
2,000
2,000
3,000
2,000
2,000
2,000
31,000
32,000
33,000
1 3,000
Actual export
9,000
5,000
70,000
65.000
Forwarded
64,000
Total stock—Estimated
1,014.000 1,027,000 1,043,000
OX which American—Estlm'd 806,000 813,000 831,000
Total Import of the week
80,000
83,000
95,000
73,000
Of which American
67,000
82,000
Amonnt atloat
193,000 205,000 1S4,000
Of which American
158.000 159,000 140.000
Bales of the
41,000
3,000
2,000
34,000
8,000
64,000
bales
Of which exporters took....
Of which speculators took. .
Bales American
1. ,0.^16,000
83fi,000
86,000
69,000
193,000
132,000
The tone of the Liverpool market for spots and futures each
day of the week ending Mch. 7, and the daily closing prices
of spot cotton, have been as follows:
Saturday itonday. Tuetday.
Spot.
Market, I
1:45 F. H.^
Weaker.
Dull.
Wedna. Thurtd'y.
Small
tendency. Uarden'g.
6I18
6iie
6I16
61ig
6I16
5,000
6,000
5,000
500
500
500
8,000
1,000
10,000
1,000
Mld.Uprd8.
& exp.
Friday.
Harden'^
Firm.
inquiry.
61,
10,000
1,000
Futures.
Steady
Market,
1:45
p. M.
}
Weak
al
at
1-M ad- 1-64®2.(H
vance.
J
decline.
c.
c.
Steady at
Firm at
partially
1-61 adv.
partially
1-Bl
adv.
0.
0.
o.
JunedeUvery
|
1'ei^^ia l'64®'i6
March delivery
April delivery
May delivery
|
I
|
.<J.,i9,,4®'i6
..
Irleste, steam... d.j
Bales
Bpec.
have been very unsettled, lower prices, which holders have
been unwilling to concede, being necessary to a fuller volume
of trade. The local trade has been somewhat impeded by
snow storms, which have obstructed railroads and made 'ocal
deliveries difficult. The market to day was very flat, and in
revising quotations they are partially reduced.
The wheat market has been unsettled. The speculation on
Tuesday was very active, but it ended in favor of the bears,
owing to easier cable advices and a fall of snow in the North
wes*-, which was regarded as favorable to the autumn sown
crop—hence there was heavy selling to realize. The export
busicesB, which had been quite good, came nearly to a standstill yesterday and part of the recent advance in prices was
lost.
To-day sales to realize, prompted by better weather at
the West, caused a weak market, but the declin"e wfs not important.
indlrcct.c.
Amat'd'm, steam.e.
Do
"s:
'32
[Vol. l.
Qalet at
partially
1-64 dec.
steady at
Firm.
Steady.
1-84 ad-
vance.
July delivery
Augustdelivery
c.
September delivery
December delivery
....c.
c.
86^8
»'-^
STJ*
91^
87%
86%
86^
87
87
87ifl
86'8
SS'a
84=8
8358
85i8
84ie
8414
8718
83%
BQO9
87
86%
86H
8.>''8
^538
8413
8IJ4
STig
84ia
83>«
83=8
86H1
85=8
843a
S313
87»8
Fri,
86»3
865e
86>«
86?9
86>t
SSia
84J«
83^4
83%
&6H
83%
86'2
Indian corn maintained a slight recovery with considerable steadiness until to day, when there was some depression
under sales to realize. Lower ocean freights have promoted
an active business for export, but as this did not cause any
material improvement in values the bulls became discouraged
and became free sellers. Still the close was about steady,
prices being too low to justify much short selling looking
to a decline, White and yellow grades continue scarce, but
the demand for them is not urgent.
DAn.T OLOSIMO PBI0E8 OF HO. 2 mZED COBN.
Fri.
Sal.
Mon.
Tuet.
Wed.
Thurt.
35 'e
3578
3558
35%
c. 3538
35''s
March delivery
36I4
3658
36 >s
36>i>
c.
361a
361a
April delivery
37ie
3718
37 »8
37
37
0. 37
tfay delivery
37I4
37 14
3738
37%
37 «
0. 37 14
JunedeUvery
38i«
38 14
3314
3818
38
c. 38>4
July delivery
Oats have met with more export demand, and prices for
parcels on the spot show some improvement, with which the
later deliveries did not share to any extent; and to-day, after
two days of du'ness, prices yielded a fraction, the market
closing unsettled.
DAILT CLOSIKO FBICES OF NO. 2 MIXED OATS
Wed. Thurt.
Fri.
Hon.
Tuet.
Sal.
28=8
28%
29
2S38
c. 28
28>a
delivery
March
....
28^4
27%
28
28
c. 27i«
April delivery
27'4
27
0.
26%
27
21^
27H
MaydeUvery
Rye has met with some inquiry for export, but prices are
barely maintained. Barley has sold to a moderate extent,
but at prices which show some decline.
The following are closing quotations for wheat flour in
(Corresponding grades in sacks sell slightly below
barrels.
these figures):
Market,
4 p. M.
Steady.
Dull.
]
^
Quiet and Quiet and
steady.
steady.
FLOUR.
$4 403 $4 75
Pine
* hbl. $1 5a$2 10 Patent, winter
2 103 2 40 City shipping, e«ra?. 4 30^435
Superflue
2 509 2 7» Kye Uour, superline.. 2 75 9 2 90
E.xtra, No. 2
Fine
260} 270
3009 350
Extra,No. 1 ...:
3 25® 3 75 Com meal—
Clears
2403 250
Western.&o
4 00<s 4 50
S.ralgUts
Brandywlne...
2 553 ....
4 50 a 5 00
Patent, spring
Buckwheat Flour per 100 lbs, $1 SOa^l 45.
GRAIN.
I
The opening,
highest, lowest and closing prices of futures at
Liverpool for each day are given bolow. Prices aro on the
basis of Uplands, Lo ^ Middling clause, ualass otherwise stated.
•
Sat.,
March
Mch.
Man., Mch. 3.
1.
Low. Cloi Oven High Low. OlM
Open
ffi«h
d.
d.
A.
d.
d.
d.
6 00
6 01
6 01
6 00
6 CO
6 03
5 63
6 63
6 02
8 01
6 05
6'S
6 0S
6 06
6 07
6 01
6 01
6 0S
6 00
8 07
8 08
8 08
6 05
Hcta..ApriI. 6 00
April-May.. 8 03
May-June.. 6 05
June-July.. 6 06
j
6 03
8 06
jQly-AuK.. 6 07 6 08
August
608 608
Au(!.-Sept..
6 05
8 07
6 08
05
6 05
5 63
6 02
05
6 06
IT
5 63
6 63
6 03
6 01
6 05
806 6 07 806
6 07
6 01
6 04
I
September. 605
Toes., Mch. 4.
605 605 605
8 07
6 04
6 04
8 07
6 04
8 04
Sfheat Sprlne, per bush...
Open Bilh Low.
d.
i.
d.
d.
5 83
5 63
6 02
6 03
6 08
8 07
6 07
8 04
8 04
5 63
5 63
6 03
8 05
8 06
6 07
610
5 63
6 00
5 83
6 03
6 03
6 03
6 0S 607
607! 609 6 07
6 08
6 04
8 06
6 03
604
605
6 03
603
6 07
6 0a
6 00
6
0.5
6 08
8 07
60S
6 04
6 04
6 05
0.
0.
82
87
Spring No. 2
iSd winter No. 2..
Red winter
«
•»
Bye—
I
0.
Western.. ip bu
State and Jersey
96
90
..
53
53
0.
«
67
58
27ia t 301*
86ia» 87>a Oats-llixed
White
29^1 34
72 » 91
mixed
29 ® 30
No.
2
a
91
86
White
No. 2 wUte
30 » 31
Corn-West'n mixed. 31 a 37»3
Barley—
a
37
West'u mixed No.2. 36
2-rowed State
47 » 52
37 a 39
Western yellow
4-rowed State
® 85
33 a 39
52 a
Western white
Canada
35 a 33
66 a 65
Buckwheat
The movement of breadstuffs to market is indicated in the
j'atement below, prepared by us from the figures of the New
first give the receipts at WestYork Produce Exchange.
am lake and river ports, arranged so as to present the comparative movement for the week ending March 1, 1890, and
since August 1, 1889, for each of the last three years:
I
We
Wednea., Mch.
Open Ridh liOW.
Than.. Mch,
5.
6.
Low.
Cloa.
d.
d.
d.
d.
d.
d.
d.
d.
March
6 02
6 03
6 03
6 05
6 07
6 03
6 01
8 04
8 03
6 02
6 05
6 07
6 03
6 03
6 05
6 02
Mch.-Aprtl.
April-May..
May- June..
June-July..
604
804
6 07
6 0S
608
'
6
6
6
6
July-AuK .. 6 09 6 09 6
August. ... 6 09
10 8
Aug.-Sept.
8 06
September. 6 06
6 07
6 07
1
6
6
02
06
07
08
09
09
08
06
Clol. jOpen Hiflll
eos
6 05
6 07
8 0?
6 0b
6 09
8 08
'
810
6 09
8 09
609
6 0S
8 09
8 10
806|60;
6 07
6 07
8 C6
]
,
6 07
6 03
8 05
07
08
09
09
06
6 06
6
6
6
6
6
Open Hith
6 06
6 08
6 09
6 07
!!
r.
Lovi.
Cl-ii
d.
d.
i.
6 04
6 04
6 14
6 04
604 8 01 6 04
696 6 07 6 06
OMoago
]
6 04
6 06
6 08
Miliraukee.
1
Onluth
timneapoUs.
Toledo
6 08
610
610
6 07
Mch.
Frl..
^.
6 OS
609
6 09
8 10
8 10
6 11
810
6 09
6 10
810 6 11
8 07 608
6 10
6 07
810
608
6 07
8 0S
6 09
6 07
6 08
3ece{pt«
at—
Detroit..
.
14,243
I
1,834
3.210
5.353
.
Oleveland.
.
M. Louis
1
£9,699
Friday, P. M., March
1890.
market has been very dull. The export demand
was very small, except fo what may be termed the regular
West India trade in products of city mills, and the low gra lei
The
flour
Same
Same
Rv
Barj0y.
OatJ.
120.829
603.213
30.041
40.031
24.633
181.661
117,268
91,678
4O8.6O0'
OSO
37.707
31.133
10.8711
2.821,505
513,0.0
20.053
301.020
2,600
26,726
.
1,748
1,545
64
'0
18.160
48.8
304,000'
37.20)
4.990
l.W3,813
T,981.472
l.S3a,498
i>k.'89.
203,159
1,228.471
2.384,661
1,104,543|
616,978
488,683
wlt.'88.
832.301
965,179
1,523.772
879.517
81,393
40.698
30,750
7,449.740
91,8f7446 103,893.238
55,148.219
B.065.928
71.180.6J7
Tot.wl[.
7,
Com.
103,785
Peoria
BREADSTUFF S.
Wheat.
Flour.
BMt.lPAU.' Bu«h.60U> B«»h.5e;6 Buall.S2 lbf\ BtMA.48 Ih- Bu. S« V>l
350.707
1,030.639
35.601
92 647
1,643.943
7-1.296
23,580
150,500
00.760
50,000|
20,880
60.731
2,4')j1
'90.
Since Awi. 1.
1888-90....
"
21.003|
•
18S8-89....
1887-88....
7.473.470' 80.306.293
77.483.999. 53,964.4«4
55.121.2'1
47.952.153
335,>'67
4.430.047
21,161,162 4.077,418
19.494 1.341 L5n».02»
19.966,377
Mabch
1690
8,
THE CHKONICLE.
]
The exports from the several seaboard ports for the week
1, 1890, are shown in the annexed statement
ending Mirch
JteporM
Com.
Whtat.
from—
OaU.
lUvwr.
Ryt.
Pea$.
108..589
27,313
6,242
30,990
25,006 613',804
149,593 1,179,404
21,000 672,205
15^264
80,388
46",6b6
430
10,000
12.949
10,024
Votweek.
8'me time
436,148 3,461,722
233,226
556,152
22,973
1889...
95,057 1,737,472
103,057
3,758
Bi(.«A.
Hew York
211.473
Boston...
Portland.
Hontrral.
Phlladel
Baltim're
N. Orrn».
1(!,000
1C,082
BuiA.
590,692
355,124
44,493
Bbl:
Bu»h
BUMk.
Btuh.
468,102
3.031
19.037
18,090
N.News..
Bloluu'd
40,164
31,754
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by water, March 1, 1890:
In
ttore
Wheat,
bfuh,
3,669,743
130,000
at—
New York
Do alloat.
Com,
Oatt,
bu$k.
tniih.
4,112,722 1,274,748
10.100
66,500
48.900
39.672
3.368
1,785,406
4,622,237 3,198.763 1.468,203
290,760 160,672
778,659
3,740
1,973
914,544
Albany
Buffalo
A*'
Barley
160,753
134,600
41,060
23,498
700.401
94.750
71,768
100,846
131,04."!
bush.
lots)
365
by the priccipal
Converters and
jobbers.
expoiters
bought vparingly from the commission houses, but nearlj
adapted for their requirements are steadily
all fabrics
held, because stocks are well in hand.
Printed calicoee
were only in moderate demand at first hands, but a very
fair business was done by a few of the large jobbers,
who were able to offer some good sized lots of "off style"
fancies, etc., to their customers at relatively low figures.
la
ginghams and other woven "wash" fabrics there was a fairly
satisfactory movement from the hands of agents and jobbers,
and there was a good steady business in white goods, quilts,
table damasks and scrims. Print cloths were in moderate
demand and
and
easier, closing at 3 7- 16c. for 04x64s
3c, for
56x60s.
1890.
Mar. 1
Slock of Print Olotht—
Held by Providence manuX'ers.
Fall River manufaotureri
Providence speculators
Outside speculators (est)
75,0,0
68.500
1S1.668
301,749
1889.
.
3'.'9,000
38,000
None.
10,0C0
377.000
Totol stock (pieces)
1888.
Mar. 2.
None.
3,000
None.
None.
Jfar. 3.
3,000
13,000
8,030
1,000
None.
4,000
DOMESTIC Woolen Goods.— In reporting a slightly imDo afloat
254,596 proved demand for crtain descriptions of men's -wear
Ullwankee
Do afloat
woolens, it must not be considered that the market for this
275,347 840,593
Duluth
4,667,474
As for some time
Do afloat.
73,000
class of fabrics was by any means active.
18,015
2,824
23,665
Toledo
841.911
452,623
cassimeres and
grade
heavy
fancy
medium
and
low
past,
110
3,023
3?,
9,727
133,939
Detroit
593,329
265,00'
43,000
Oswego
62,000
worsted suitings were in better request than the finer quali2'40,842
'is.i'fo
27.387
St. Louis
1,719,203 2,202,512
74.00(1
11,000
21,000
Cincinnati*
13,000
ties, and loth-faced fabrics, as kerseys, &c., were relatively
27,000
63,309
34,277
25,772
413,503
Boston.
75,861
overcoatings. Cloakings con8,352
175,331 more active, than rough faced
1.768
Toronto
192,575
43,318
83.7.6 tinued to meet with moderate attention, and leading makes
Uontreal
188.858
21,907 163.653
PblladelpMa....
248,104 1,248.834
71.843
were freely distributed by agents on account of
10,978 of stockinetts
14.221
580.493 216,460
Peoria.
orders on record. Satinets were fairly active in movement,
7.500 187,376
850
Indianapolis
95,051
Baltimore
512,261
511,798
87,584
16,539
and a somewhat freer demand for Kentucky jeans atd doaapoll
,485.976
231,681
74,921
skins was r. ported in some quarters. So't wool and worsted
Bt. Paul...
305,000
drees go ds were in moderate demand at first hands, and
On Mississippi.
660,973
53,685
fairly active in jobbing circles, while flinnels and blankets
Tot. Mar. 1,'30. 28.998,383 14,442.363 5,080,339 1,613,204 1,708.735
ruled quiet, and the demand for w ol hosiery and heavy unTot. Feb. 22.'90. 29.618.5S1 13.730.507 5.180,980 1,629.397 1,802,051
derwear (for next seasor) was not up to expectations.
Tot, Mar. 2,'89. 32.000,059 15.820.084 7.918,903 1,069.590 1,832,502
Tot. Mar. 3.'88. 37.515.931 9,141.052 4,730.351
382,397 2.109.351
Foreign Dey Goods The demand for foreign goods at
413,358 l,s53,511
Tot. Mar. 5,'87. 55,781,463 15,731,300 4,583,585
flist hands was strictly moderate, dress fabrics alone having
Ohloago
I
.
—
shown a fair degree of animation. The jobbing trade was
more active, and a pretty yood business in most descriptions
Orders
of imported goods was done by the princioal jobbers.
THE DRY GOODS TRADE.
NKW YOEK,
Friday P. M.. Mareli
next season are being placed with unusual caution because
for
7,
1890.
The demand for dry goods at first liands was light and
somewhat dieappointing the past week, re-orders from interior
markets having been less numerous than ex pected and moderate in the aggregate amount, while personal selections by
package buyers were seemingly gauged by positive requirements. In exceptional cases orders for fall goods were placed
of the tariff legislation impending in Congress. Prices of
nearly all foreign fabrics remain firm and unchanged.
Importations of Dry Goods.
The importations of dry goods at this port for the week
ending March 6, 1890, and since Jan. 1, and the same facts
for the corresponding periods of last year are as follows
with commi-sion houses and importers (for future delivery),
but buiness in this connection was moderate in the aggregate. The jobbing trade was spasmodic and irregular, fairly
active days having been followed by others of comparative
quiet, owing partly to the capricious state of the weather,
which undoubtedly checked operations at times. Judging by
the freedom with which Southern retailers are stocking up
for next season, an unusually good business in that section of
the country is anticipated; but there has been thus far no
real " sn^p" to the demand by Western and near-by distribu-
£ 2^
5= c.^"?£&!
i
I
?
(0I>^
u
0)00
Oii^wtoa
Ol-
packages, valued at |132,102, their destination being to the
points specified in the table below:
1890.
CAcocop
OilP^MC0t&
OD
-ri
h-
Great Britain
,..
,.,,...
914
234
94
31
1,967
5,399
1,276
1.266
11,035
1,239
1,254
1.365
3.350
93
6
<jUna
575
India
West Indies
Bouth America...............
Total
782
494
'"159
3.956
"sii
370
46
115
162
87
1
.., ...........
Africa
71
274
70
120
549
Week. Since Jan.
^J
"-aw
WMO'v»<J
U to ^ O
"-•
O OD to
1-tO
1,005
5,578
310
802
2,080
21,810
3,178
2.271
24,988
2,271
Vancouver
2,080
Ct»>COtO'-l
CO
MM
COCO
r-"
b<i
0S«
CO K-
I
X h- w
COtClOifiQD
s
t
?
a
R
t«
o
CO
'
OQD
I
OW«MCd
i*.«coc;(Os
t» Oi
CJ^
eoii
— aiao
3s oa
r
MMfcO
cnaoco'-a
w
to
tfiOS
§!.§
aoo
c;»tOMt£M
5>ox oco
«Vit4eow
to -.000 en 00
toeo_»«i_«i
M
c;i»i*»-c;»^^
*.*-OMM
V
CO to
to
totooswui
CO
tt)O:0 3&0S
58|CO
Mcoat*'*J
£
J*
00
OiaM75|0
coco
w'ai
.^
ao>-iEcnco
Orf»-
10,079
M
I
to CO to to to
CO
CO
coib-tocnoo
QC*^tOOy
ccc;>o>t3:3
Bits
i^CXOOOO)
so
co*.o-30«
.M
a^
Sicoo*
a to
xtova^
QWM-»J OD
po
MM W
MM CO
©OS
OS a'rfk mV)
-
cc h^ o<
OOCXMl-*^
OJCOCOOO
it'OCOi-O
have
been |I,419,549 in 1890, against |1,698,494 in 1889.
At first hands there wasj only a moderate demand for
staple cotton goods, but a very fair distribution of plain
and colored cottons was made (in package and assorted
CO
CO
O 3<;J
o^cn^^
WW
!
toco
C^iM^MO
^100
tCM(-':D01
Oic»
Ot CO 00
I
3>Sg
OQ
il
Wl
45,843
1
CO
O
a
CO
ou
cc:;tcototo
KCJ ppoopp
29 764
From New England mill points direct.
The value of the New York exports since January
H
•flit
CO
6,932
I
ooi»»aoo
OJODrf>.tOi-'
CO<I<|M to
315
o>^
i
:
coifctoats
O M^
to w a d 03
rfk^^ 00 « •*
Ol
COO
:
tabs en CO en
fllO
§1-
-qui
occo
1.
i
:
w_-4— ts_-a»
Qt
1.
:
:
ooocox
yw
®o
ti
I
i
CO Cits COW
?^
<?.
<s
O
1889.
Week. Since Jan.
Total
8|
g:
toco
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending March 4 were 3,080
•Clilna, via
s;
P;
tCjOMtOtO
t3 ut 00 y» «)
ua
too
ters.
Arabia
S;
i
B;
cootocny
<X'
00
.--COit^CO
g
THE CHRONICLK
366
lawli
[Vot. L.
"gnxU
gattfe ^tatemtttts.
iltatjemjcixts.
S^mUmtnU.
OF THE CONDITION OF THE
OF THE COSniTION OF THE REl'ORT OF THE CONDITION OF THE REPORT
REPORT
\VE?STEKN N.VTIONAL HANK OF
(JAI.I-ATIN N.\TIO>AI> BANK, at New
NATIONAL. I'AIIK. BANK, New York
City, at the ilosc of busluesa
February
28,
1890
York City, in the State of New York, at the close of
business February '^8, 1890;
:
RESOURCES.
Loans ana dlBOounts
»1»,886.580
.17
2923 63
Overdrafts
C.8. bonds to secure circulati'n
Stocks, securities, &[•
Dae from other national banks
Due from St;ite Si private b'ksi b'kers
60,000
501,722
I,e40,wi3
692,«87
760,000
58,740
4,198
8,080.875
12,100
209
6,113,640
"28.090
32.000
Real estate, banking house
Other real estate
Checks and other casn Items
Bichanges for Clearing Uouse. .......
:....
Bills of other banks
Fracilon'l currency, nickels and cents
Bpecie
L^egal-tenders.
Due from United Stues
Treasurer...
00
06
7i
27
00
87
00
71
CO
10
00
00
00
133,697,369 64
Total
LIABILITIES.
Capital stock paid in
8S
25
SI
00
47
33
i.imfim 64
2,636 92
11,044,587 59
*?'?SS-S2S
^'S^l'SSS
^^'.?"?
3,482
12,423,866
51,424
Burplus fund
Undivided
profits
Dividend" unpaid
IndividiiHl deposits subject to check.
Demand certidcalfcs of deposit
Certlfled checks
Cashier's checks outstanding
Due to other national banks
Due to State and private banks
and
3,601,152 03
bankers
Total
f33,597,3«9 64
Btate of New York, County of New York, es.
I.Geo. S. Hickok. Cashier of the National Park
Bank, do solemnly swear that the above statement
is true to the beat of my knowledKe and bellef.and
that the schedules on the back of the report have
been carefully oiled out, and fully and correctly
represent the true stated th.* several matters thereGEO. S HICKOK. Cashier.
lncontall:cd.
Sworn to and subscribed b f re me this 6th day
W.a. Main, Notary Public.
of March, ItW.
Ki: gs Co Oerttflcate Uled la N. Y.
Attest
MOORB, 1
V.
EBBNEZKR K. WlllGUT.V Directors.
.
MUVFORD
KUuBNK KBLUY,
"P EPOH.T
^MERCANTILE NATIONAL BANK
RESOnRCES.
Loans and discounts
{7,93.3,960 24
4,304 30
50,000 00
100,000 00
3.i 00 00
200,000 00
Overdrafts
U. S. bonds to secure circulation
U.S.boudsun baud
Other stocks and bonds
Real estate, banking house
02
00
00
87
5 9,080 09
489,209 74
11,526,242
Bpecie
842,750
Legal-tender notes
8,337
BUTs of other banks
6,53rf
Ch'ks and other cash items
B.
Treasurer
(5
81,7C9 84
per cent
2,280 00
of circulation)
Due from U. 8. Treasurer
other than 5 per cent
redemption fund
$4,618,786
Overdrafts, secured
1.238
50.000
(J. S. bt)nds to secure circulation
639.783
Stocks, securUie8,liid((me'ts,clalms,ic
Due from other National banks
96,097
Due from State banttsand bankers
11,127
Banking house. furniture and fixtures
600,000
Id.SOO
Other real estate & mortgaKes owned.
Current expenses and taxes paid
40,916
Checks and other cash items
2,458
Exchanges for Clearing Uouse
8,686,488
Blllsof other banks
64,(00
Kract'l paper cur'ncy, nickels tk cents .
206
Specie
771,026
8,000 00-8.439,118 06
ToUl
LIABILITIES.
»1,000,000 00
650,000 00
Capital Stock paid in
Burplus fund
Undivided prollts, net
National bank notes outstanding
Dividends unpaid
Deposits —
85
45,000 00
24 00
18.1,921
Individuals
$3,491,526
4,593,558
National banks
State banks and bank'rs... 1,223,025
7,631
Demand certs, of deposit..
.
28, 1800
RESOCRCKS.
Loans and discounts
U. S. bonds to secure circulation
U. S. bonds to secure deposits
U. 8 bonds on hand
Other stocks, bonds and mortgages...
Due from other national banks
Due from State banks and bankers ...
Heal estate, furniture and fixtures
Current expenses and taxes paid
Premiums paid
1,200 00
Individual deposits subject to check..
4,143.379
Demand certificates of deposit
3.61H 50
Certified Chocks
1,939,4-28 11
Cashier's checks outstanding
4,250 ou
Due to other national banks
820,068 02
315,600 06
Due to State banks and bankers
Total
$[',794,082 74
State of New York, County of New York, ss:
I, Artbuk W. Sherman, Cashier of the abovenamed bank, do solemnly swear that the above
statement Is true, to the best of ray knowledge and
A. W. SUERMAN, Cashier.
belief.
Subscribed and sworn to before me this 28th day
H. I,. BHAyNAHi),
>f B'ebruary, 1890.
Correct—Attest
Notary Public, N. Y. Co.
F. D. TAI'PKN,
ADRIEN ISEUN. JR.
Directors.
Surplusfund
Undivided profits
National bank notes outstanding
Dividends unpaid
30
50
58
14
273,095 97
262,699 28
9,851,436 75
Total
$11,730,382 60
Btate of New York, County of New York, ss
1, Fked'k B. Sche.nck, Cashier of the abovenamed bank, do solemnly swear that the above
statement Is true, to the best of my knowledge and
FHED'K B. SCUBNCK, Cashier.
belief.
Bubscribed and sworn to before me this 6th day
Of March, 1890.
F. a. K. Bhtan.
Notary Public, New York Co,
Correct—Attest:
the state of
)
Directors.
28,
New
ject to check
Demand
U.
CO.,
NEWARK,
B.
banks
&
Co.,
BANKSBS,*]
CINCINNATI, OHIO.!
House
00
00
27
00
90 00
ANEEBS
00
3,208,143
9t
2,260 00
cent of circulat Ion)
Due from U. S. Treasurer, other than
5 per cent redemption fund
(5 per
Total
15,000 00
$12,190,787
l*
$1,000,000
200,000
106,767
43,740
00
00
9»
00
LIABIIITIX3.
Capital stock paid In
Surplus fund.
Undivided profits
National bank notes outstanding
Dividends unpaid
W
2.923,617
4&
to check
Demand
$2,014,339 31
13.284 87
ctfs. of deposit...
Certlfled checks
Cashier's c'ks outstanding
6«0,'292
58
235.700 69
Due to other N;it. banks.. $6,388,186
Due to ;^tate banks and
09
1,529.825 72
bankers
7,917,611 81
$12,190,787 18
Total
State of New York, County of New York, st:
I, G. L. HUTcHiNGS, Cashier of the above-named
bank, do solemnly swear that the above statement is true to the best of my knowledge and
belief.
G. L. HUTCSlNGS. Cashier.
Subscribed and sworn to before me this 7th day
of March, 1890.
J. FREIX. Sheast.
Notary Public N. Y. Co.
Correct— Attest
)
i
5
160
Individual deposits subject
Directors.
J. F.
Sons,
CHAMBERLIN.)
BENJ. GRIFF IN.
EDWARD
SCdKLL.
f
i
Directors.
,
UNION MUTUAL
And Dealers In GoTernxnents, Stock
and InveHtment Securities,
St.,
47
00
00
Redemption fund with U.S. Treasurer
bank, do solemnly swear that the above statement is
true, to the best of my knowledge and belief.
8. G. NELSON, Cashier.
Subscrib'^d and sworn to before me this 6th day
of March, 18! 0.
C. R. 8YMME8.
Notary Public, (4) N.Y. Co.
Correct— Attest
&
897.708 63
17.886 00
Bills of other banks
Fractional paper curr'ncy,
58
nickels and cents
1.774.732
Specie
307,000
Legal tender notes
U. 8. ctfs. of deposit for
210,000
legal tenders
1,928,782 43 -5.743.3C8 82
$B,441,08B 09
Fisher
$768 21
Items
ExchangiS for Clearing
$500,000
115,000
40,977
41,620
Al.LEN,
.
Checbs and other cash
New York, County of New York, ss.;
Stuart G. Nelson. Cashier of theabove-named
Insurance Company
PORTLAND, MAINE.
Life
33 SOUTH STBEET,
BALTiinoBE,
INCORPORATED
ran,.
JOHN
lU plans
In their offleea, b]
means of which immediate communication can be
had with all commercial points In the country. Especial attention given to purchase and sale of Virginia Consols, Ten-forties, Deferred and all issuei
of the State,
to all classes of Southern State
City and Uai ray Seoorltlei. Correapondene* fo-
E.
1848.
DE WITT,
are varied
and adapted
President.
to ail circumstancet.
is nothing In Life Insurance which it does
not furnish cheaply, profitably and intelligibly.
Send to the Company's Home Office. Portland, Me..
There
or
md
cited.
>
.
1,617,205 06
Total
State of
il
Directors.
i
RESOURCES.
Have Western Union wires
George Eustis
1
$7,264,976 28'
Loans and discounts..
4,514 57
Overdrafts, secured and unsecured
50,000 00
U.S. bonds to secure circulation
I04,'«3 08
Stocks, securities. judgm'ts, claims, &c.
1,279,647 48Due from other National banks
110,072 24
Due from state bank" and bankers
6,000 00
Furniture and fixlures
24.292 87
Other real estate and mortg's owned..
20,250 81
Current expenses and taxes paid
12,437 b(y
Premiums on U. S. bonds
and
bankers
Jrrosm Sscosd
CANDA,
York, at New York, In the State of New York,
at the close of business February 28, 1890
FOLICISS AB80LUTKLT XON-PORPEITABLB ASTER
;
J.
GOGORZA,
OF THE CONDITION OF THE
REPOKT
THIRD NATIONAL, BANK, of the city ot
N. J.
In CA8X OFiiAPSs: the Policy is coNTi2<n7ED in fohoi
as lonit as its value will pay for: or, If preferred, a
Paid-up policy for its full value is issued in exchange.
After the second year Policies are incontestable,
except as aKuicst intentional fraud and all restrictions <is to resid^ice^ travel or occupation are removed.
Gash loans are made to the extent of 50 per cent
of the reserve value, where valid assiKnoients of the
poUclOB can be made as collateral security.
Losses paid immediately upon oompletloii and ap*
proval of proofs.
849,687 6 8-11,426,299 83
New
Individual deposits subject to check
$1,723,421 77
Demand certfs. of deposit
97,03150
Certified checks
198,469 92
Cashier's checks outstanding
68,493 05
United ;tates deposits....
110,000 00
Due to other National
£1
17
00
60
—
Surplusfund
Undivided profits
National bank notes outstanding
Dividends unpaid
03
00
95-
97
66
03
24
797,018 33
3,6'22,481 72
U, W. JOHNS.
12.037 17
34,500 00
LIABILITIIS8.
Capital Stock paid in
HENRY
BKCOND YEAK.
$3,600,000
22.526
178,064
26,U00
3,848
$1,639,015
391,959
1,072,8V»
50,637
deposits
to other Nat. banks..
to State b'ks & b'kers
CHARLES
$6,441,083 00
Total
Wm.
00
$15,150,332 25'
Total
State of New York. City and County of New York, ss.:
I, C. N. Jordan, Piesident of the above-named
bank, do solemnly swear that the above statement
is true, to the best ol my knowledge and belief.
C. N. JORDAN. President.
Subscribed and sworn to before me this 7th day'
W.«. S. MATHEWS,
of March. 1890.
Notary Public, N. V. CO.
Correct— Attest
203 97
nickels and cents
449.4SS 00
Specie
Legal-tender notes
646,806 00
U.S. certificates of deposit
100,000 00—1,764,707 73
for legal tenders
Redemption fund with U.S. Treasurer
2,250 00
(5 per cent of circulation)
Due from U S. Treasurer, other than
1,482 00
5 percent redemption fund
President.
29
26
03
Assets (Market Values), Jan. 1, 1890.. ..$45,236,963
Liabilities (N.Y. and Mass. Standara).. il.828.6!:6
Surplus
3.408,335
Surplus, by former N. Y. Standard,
(Am, iSx. i}4 per cent Reserve)
5,836,035
S.
Due
Due
71
00
00
79
208.665 16
22,937 53
1,600 00
.
W. W. BOSS,
W. A. PULLMAN.
AMZI DODD,
of deposit.
ctfs.
Certified checks
Cashier's ch'cks outst'd'g,
The Mutual Benefit
LIFE INSURANCE
46
00
96
00
00
1890
.
I.
51
Individual di>posits sub-
York, at the close of
..
Due from other National banks
Due from State banks and bankers
Banking-house, furnltureandfixtures
Current expensifs and taxes paid
Premiums on U. S. bonds
Checks and other cash Items. 16,115 77
Exch'ges forClearingHouae.e32,098 99
»0,000 00
Blllsof other banks
Fractional paper currency,
to State banks
60
LIABILITIES.
Capital stock paid In
$4,072,350
50,000
lOO.jOO
170,655
Stocks,8ecurltie3. judgiu'ts.clalms.etc.
Due
89
26
'
DEN.SY,
RESOUBCKS.
Loans and discounts
U. S. bonds to secure circulation
U.S. bonds to secure deposits
:
ISAAC WALLACH,
8. M. MlLl IKEN.
WM. P. ST. JOHN,
ity, in
60
2,850 00
per cent of circulation)
Due from U. S. Treasurer, other than
lOO.OOO 00
5 per cent redemption fund
$15,166,332 25Total
<
<
228,697
152,244
26,465
168,192
4,275
1,435,761
24,065
163
2,408,927
274,106
60.000
(5
OF THE CONDITION OF THE
KEPORT
SE BOA lll» NATIONAL. BANK, at New
York
00
Redemption fund with U. 8. Treasurer
m
THOMAS
23^1,000
140,800 00
1,146,518 46
Checks and other cash items
Exchanges for Clearing House
Blllsof other banks
Fractional paper cur'ncy, nickels Acts.
Specie
Legal tender notes
U. S. ctfs. of deposit for legal tenders.
Dividends unpaid
$7,852,553 28
80,328 85
60,000 OO
810,000 00
Overdrafts
Legal tender notes
U. 8. otfs, of deposit for legal tenders.
Redemption fund with U. 8. Treasurer
(5 per cent of circulation)
2,250 00
Total
$9,794,082 74
LIABILITIXS.
Caoital stock paid in
$1,000,000 00
Burplus fund
1,000,000 CO
Undivided profits
521,631 43
National banknotes outstanding
45,C0O 00
|ll,730,38li 60
Certlfled checks
Cashier's checks outst'g.
89
85
00
50
33
09
00
00
37
02
76
00
03
60
30.3.166 00
lOO.OOO 00
business February
of the city of New York, at the close of business
February 28, 1890
.
Loans and discounts
TIIK CITY <<FNE« V UK, in the State
of New York, at the close of business February
S
OF THE CONDITION OF THE
Bzcbanges forcringhouse
Due from national banks.
Due from State banks and
bankers
Redemption fund with U.
RESOUBCIS.
any of
Its
Agents for publications describing
.MAINE
LAW CONVERTIBLE
"A," or
Its
7
its
POLICY, CLASS
PER CENT GUARANl'KKD BOND
POLICY, CLASS "A," and other fonns o/ Bond
Policies; also for pamphlet explanatory of the
Maine Non-Forfeiture Law, and for list of olalnu
I
e!:><l
thereunder.
@FedFRASER