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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 & ; & ; : — • — 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. ; ; ; ; ; ; ; ; ; 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 I0h-0?(-t. OS- W IC W CC W M © y CD tC W 00 X QC '^ »-• 00 tf. »** cj» M to X OS Mjq tw»*-XWICH*CSCO ** en ^ Od"(0 H»X^ Ki Ol".c: <l MO C lJ.gOSOW-MI«axOO-llO-!00«b5 ©©CC;'J'M(»h-MtCOOXeDw»XOXX ^1 tOOitCMCD— lOh*4K.t0|C<|®OO <io CO ai c; a ^ 3: to ti» r-'tCtO*^-'IhCWM to *. — X CO o » t^ tc to tw o tC X U 00 Ot 10 ifl )(•. -^1 i(k •-• » w M M :o K u CO CO ;n CD t;3 cbt*:-io*— 'lo' c- *. i. — ** o OO'C C In botli -© C »U 10 *k X M U h- w oi £. xccMXi^eoMOs c. w to -c ^ X *— f C— X 10 c ^ » iS 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.