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JHE

ronim

..njiwittii*

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ANI

HUNT'S MEllCHANTS' MAGAZINE,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES

VOK

NEW

42.

MAY

YORK,

^iuaticial.

1,

^itiattciat

AMERICAN
Bank Note Company,
NEW
Ia««rpom(r<I

YORK.

DIAMONDS.
&

Co.,

fOr>TKRrKmN€W

Wtth SPM'IAT. SAKCGVARDS to PRKVKNT
t,p,-t-iaJ

p.iwnt maiiurartun'd oxcluiilvelf for
o.« of tbo Company.

SAFETY COLORS.

SOLID SILVER.
M'fg

AND

:

P.

PoTTEB,

Piea't.

J.

W. WOBK, Cashier.

.......

SUKPLDS,

-

$400,000
400,000

Accounts of Banks and Bankers solicited.
Goiiections made upon favorable terms.
Government Bonds bought and sold

Floyd-Jones

Bros.
BANK BRS,

raiLHTAVKEE,

No. 3 Excbaiiee Court,
Wm.

New York.

Bonds and U. 8. Government Securities
BouKht and Sold on Commission.

William Robison
Members New York Stock Exchange.

C. Kloyi)-Jonk8,

Andrews, Adams
iiAN'K£RS

78

&

& Kellogg,

Bank

of London.
and Bonds for Investment or
on Margin.
Correspondence Solicited

TINKER & WESTON,
BANKERS AND BROKERS,
2

EXCHANGE COURT,
Neur York.

liiXKT C. TiNKBK. Member N.
HMK8HELAEK WESTON

BOSTON.

C.

WABUBUBlt,

Townsend

&

Washburn,

No. 6

-WIS.

Refer to—

New York.

TITall Street,

Stocks and Bonds Bought and Sold onCommtsaioB
for cash or on marRin.
Hpeoial attention given to Unlisted Securities.
Deposits received subject to Check at dlgbt.

Correspondence Soliclled.

;

Members N. Y. and Philadelphia Stook Bxohangee.

H. Taylor

L.

T. Stock Kich.

&

Co.,

BANKERS
Cor. TlUrd

and Clieatnnt SU.,

PHII^ADBLPHIA.

S4 Broad-way

In Pblladelphla and other cities
Particular attention K>ven to Information rexardlnK

Investment 8ecuritieB.
Private wire to New York,Bal tlmore and other places

New

St.,

N.w York

&

Co.,

No. 62

CEDAR STREET.

In addition to a General Banking Business, Buy
and Sell Government Bonds and Investment SecnrlUes.

Henry

S

Ives

&

Co.,

BANKERS.
No. XS

NASSAU
P. O.

ST., tfKXT

BOX

Rolston
No. 20

&

Bass,

BROAD STREET, NEW YORK.
STOCKS, BONDS

AND mSCELLANEOUS SECURI'TIBS
YORK. Correspondence
Solicited.

1,423.

Transact a gon al banking business, including the
purchase and sa.e of securities listed at the New
York Stock Exchange, or in the open market.

guotatlons cheerfully furnished
W. ALU. Bass, Jr.
Member N. Y. Stock Bxch'ge.
MemberChicago Stock Kxon'ge

Wh. n. RoLSTON.

Simons

Receive deposits subject to check at sight and
allow Interest on dally balances.

Oovemment, State, County. City and Railroad
bonds constantly on hand for sale or exchange, and
particular attention given to the subject of invest
menta for Institutions and trust funds.

l-ROY, N. Y., No. 17 FIRST STREET.

No. 26 BROAD STREET, NEW YORK.
NIOOIX KLOTU. JB
JAMES W. WAUBH.JH.,
Member N. Y. Stock Bxchaiura.

Walsh

&

Chew,

STOCK BROKERS,
2 Exel>.n«e Courts 62 Broadwa7,N.T>
stocks, Bonds and U. 8 Oovemmant SeonrtUai
Bought and Sold on Commission.
BimttT Ouw.
Ja8. d. Simons,
Member N. Y. litook Exchange.

Member " V

all faollitlei

19

BANKERS,

Stooks. Bonds, ^c, bouKbt and sold un commission

& Floyd,
STOCK BROKERS,

NEW YORK, 80 BROADWAY A 5 NEW ST.

dc

Oilman, Son

BROKER.
Lansdale Boardman,
^>TOCK

Stook Bzob ge memberslilp; private wire;

Stewart Brown's Sons,
STOCK BROKERS,

Deposits received subject to check at sUht, and
Interest allowed on datly balances.

Sell Stocks

Bembers New^ York Stock Exetaanee.

No.

(

Merchants' National Bank and Bank of North America, New York
Merchants' National, Chicago; Mav-

New York.

Bull of UzchanKe and Cable Transfers on the Union

Bur and

CORKESPON DENTS

W. CLARK 4 CO., „„,, ,„,,o_,.
HILL * KENNKDV. r ''""*''""'^""'

BANKERS AND BROKEKS,

in any part of the country
Accounts of Banks, Merchants and

others solicited.

AND BKOKKRS,

80 Broadwaf,

Co.,

COLLECTIONS made

Robison,

BANKKRS AND BROKERS,
Stocks,

&

Houghton

8. IV,

&

& 74 BROADWAY, NEW^ YORK,
And 246 Clark St., Cblcaco.

72

erick National, Boston.

BOSTOM.

OAPITAIi,

Co.,

Jno. p. Towssend, Special Partner.

at lowest rates.

ASA

&

B. Hollins

CUAS. J TOW.V8ESD.
LAN8INO
Member N. Y. Stock Exchange.

A. D.

Maverick National Bank,

and

GEO. H. HOLT.
L'BUILIBR.

DBVENS & TUCKEKMAN,

8b ow Card., LabcliH Calendar..

SHEPARD,
TOURO ROBERTSON.
W. M. SMILLIE,
THEO. H. FREELANO, Secty and Treas.

aOVERNMBNT, MONICIPAL

Securities.

BANKERS AND BROKERS,

Street,

KAILWAT TICKETS OF IMPKOVED ST¥I<Bk

VICE-I'RESlnENTS

sell

TAINTOR.

MAIDEN LANE.

9

bDSinea*.

allowed on

Private telegraph wires to Provldeaoe and Boston.

Messrs. B.

Executed In Fireproof ISulIdlnff*.
UTHOBRAPHIC AND TYPE PRIM Tl NO.

MACDONOUGH,

INTHRBST

received and

RAILROAD

Co.,

Broadway and Nineteenth

Work

J.

DEPOSITS

H.

GORHAM

NBir YORK.

GENERAL BANKING

a

G. D.

SAFETY PAPERS.

BLANK BOOKS OF EVERY DESCRIPTWH
ALBERT G. GOODALL, PretidenL

TRANSACT

G. E.

Foreign Governments.

»KAFT«, CHECKS, BILLS Of KXCIIAN6E,
HTXMVH, Ac, 111 tho flnCMC and most ortlstlo Bt7la
FUOM STEEL PLATES,

BANKERS.
No. 11 UTAIaV ST.,

Buy and

182 Broadway, Cor. Jobn Street.

BONDS, POSTAGE & REVENUE STAMPS,
LEGAL TENDER AND NATIONAL BANK
NOTES of the UNITED STATES; and for
ENGRAVING AND PRINTING,
BANK >OTK.H, SHAltK CF.UTIFICATE8, BOXDS
A.VB C01U'0UAT10N8,
OOVKItMIK.NTS
FOK

Holt,

balances.

IMPORTERS,

Laif. of .St.tfl of New T«rk, 1868.
Ueorffnntzed 1H79.

iinili-r

Engravers and Printers of

&

Taintor

Alfred H. Smith

Founded 1706.

1,088

^itiattcial.

78 TO 86 TRINITY PLACE,
BuHlnCAii

NO.

1886.

W

PTo/lno., Kx-h.-'J*

H. Goadby

&

Co.,

BANKERI< AND BROKERS,

No. 24

BROAD STRBBT,
N.W York.

,,

;

THE CHKOJNIULR
grawnrs of W,ovi^Qn ^xcUvluqz in

Morgan

Drexel,

&

WAUL 8TKEET, OORIOIR OF BEOAD,
NEUr YORK.
I)rexel,Harje8 & Co
Drexel & Co.,
Cor. of 5th

& Chestnut 8t8.

31 BouleTard

Hanssmann.

fort o\m.
M. deBothschild, Esq., Vienna.
AND THEIR CORRESPONDENTS.

Draw

Bills of

J

.

No. 23

Sell Bills of

Ijy

Olake Telegraphic Trausferg of Money

Country and Europe.

COLLECTIONS OF DKAFTS drawn
MAKE
points in United States and Canada,
abroad on
all

In the t; nited States on
foreign countries

and of drafts drawn

Uld their London house, Messrs. BROWN, SHIPLEY
flrms
& CO., receive accounts of American banks,
and Individuals, upon favorable terms.

&

J

Stuart

J.

33 NASSAi;

BILLS OF

&

STREET.
ic

MANCHESTER, PAYABLE IN LONDON:
IJI4STER BANKING COMPANIf,
BELFAST, IRELAND;
AND ON THE

commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
sold.

THE UNION BANK

ON MEXICO, CUBA,

rs'

Use

Excbange on I^ondon, Paris, Berlin
and Zurlcb.
Cbeoits Opbnkd and Patments

Made bt Cable.

House—mUNBOE & CO.

Paris

Member N. T. Stock Exch'ge

Kennedy Tod
No.

63

&

&

29 WIIililAn STREET, NETT

of Exchange on
EVAN.-*
CO., LONDON.
, nwnoN

HAMBaO

Unf
iger & Co.,
BANKERS AND BROKERS,

At

&
SON,

MAKCUAKU, KRAI'S8
HOTTINGUEK Jt CO.,

)

j

dcCO., ip.nia
jrAttlS.

Kidder, Peabody
1

&

Co.,

FOREIGN BANKERS,
Nassau Street, New York,

Commercial and Travelers' Credits.
of Exchange.
Cable Transfers.

Chas.

margin,

all

on

tor investment or

New York

securities dealt in at the

Sxcnange.

on

Stock

Canadian Bank of Commerce.
CAPITAL,

J.

H.

t6,000.000.

GOADBY &

SUBPLOB,
B. E.

12.100,000.

WALKER,

JOI T AGENTS,

1«

EXCHANGE PLACE,

NEIXT

YORK

BUT AND SELL STERLING EXCHANGE, CABLE
TRANSFERS, ETC.

ISaUB COMMERCIAL CREDITS' AVAILABLE
IN

ALL FAUT8 OF TUB WORLD.

AND

BROAD

18

ST.

Geo. H. Prentiss & Co.,
No. 49 WALL ST., NEW YORK,
AND

SOS

inONTAGVE

ST.,

BROOKLYN.

GAS STOCKS

Street Railroad Stocks

and Bonds

DEALT IN.
bkb gas quotations in this paper.
Geo. h. Prentiss. W. d. phentibs. W. W. Walsh
Member N.Y.Stook Exoh.

John

ATTORNEYS AND AGENTS OF
Messrs.

BARING BROS. &

CO.,

B.

McGeorge,

BROAD STREET,

INVESTMENT SECURITIES AND
COMMERCIAL PAPER,

113 Devonshire Street, Boston.

London

WaU

sell

16

No. 20

COmMERCIAL CREi»ITS,
Members of the New York Stock Exchange
DEALERS IN FOREIGN EXCHANGE, GOVERNMENT
Circular Credits for Travelers.
AND OTHER INVESTMENT BONUS.
STERLING LOANS A SPKCIALTY.
St. and 62 Greene St., N. Y. Cable Transfers and Bills or Exchange on
44
commission,
15uy and

STAIVTOIV,

S.

BROOKLYN SECVRITIES

Hamburg.

Bills

J.

Buy and sell bonds, stocks an d securities in all American, Canadian, British and Dutch markets on commission. Collect dividends, coupons and foreign and
inland Drafts.

YORK

Messrs. marcnard, Kranss &. Co., Paris

JOSEPH & GRAND ISLAND SCRIPS.
Kansas & Nebraska Bonds and Scrip.

AND AIX KINDS or

C. J.

International Bank of liondon
(Limited), London.
ISesBrs. John Berenberg, Uossler & Co.

ST

OfTer Investment Securities.

MELVILLE,

CORRESPONDENTS OF THE

Stock and Scrip.

GAS SECVRITIES,

BANKERS.
Act as Agents for Banks, Bankers and Railroad
Companies.
Issue commercial credits, also foreign and domestic
travelers' letters of credit in pounds sterling & dollars.

Ruckgaber,

BANKERS

Common

Co.,

WILLIAM STREET,

Sell Bills

Schulz

and Common.

OHIO CENTRAL (RIVER DIVISION),

&c., dec.

Alexander Barino.

Kennedy Tod.

J.

Ohio Central

24 Exctaanse Place,

H. O. NOBTHCOTE.

No. 32 Nassau Street, New Yoik.
No. 4 Post Office Square, Boston.

York.

Bought and Sold by

TELEGRAPHIC TRANSFERS OF MONEY

Co.,

&

Toledo

New

Bonds, Certificates and Scrip.

Co.

New York.

J.

issue Circular Letters of Credit forTrave.
Abroad against Cash or Satisfactory
Guaranty of Re-payment.

&

BILLS OP EXCHANGE, LETTERS OF CREDIT,

CABLE TRANSFERS AND LETTERS OF CREDIT.

4 Broad Street,

AND

COMMISSION MERCHANTS,

ALSO,

TOBEir& KIRK

COLUMBUS HOCKING VALLEY & TOLEDO

[LONDON

and

EDINBURGH AND BRANCHES;

&

0F|

BANKERS

tc

BOUGHT AND SOLD BY

First Mortgage, Preferred

DRAW ON

22

BANK OF SCOTLAND,

John Munroe
~

New

62 'William Street,

SMIT.H'S,

"LIMITED,"

stock:

CO.,
York.

Accounts and Agency of Bi..nk8, Corporations*
firms and individuals received upon favorable terms
Dividends and interest collected and remitted.
Act as agents for corporations in paying coupons
and dividends; also as transfer agents.
Bonds, stocks and securities bought and sold on

BANKBKS, LONDON

NATIONAI.

&

PREFERRED

COMinON AND

SUCCESSORS TO

JESUP, PATOIS

Maitland, Phelps

MANCHESTER & COVNTIT BANK,

& Ohio Central
RAII^ROAD

Co.,

BRITISH LINEN CO. BANK, LONDON
SCOTLAND.

Co.,

EXCHANGE ON

SMITH, PAYNE

&

Son. London.

Toledo

Exchange and make Telegraphic
Money on Europe and California.

John Paton

Hambro &

special ittwcstmetttB.

Bills of

Transfers of

STEBLISO,

Available In any part of the world, !n Francs for
we in Martinique and Guadaloupe, and in doilarsfor
ase in this and adjacent c(»untries.

tUla

Draw

ALL PARTS OF THE WORLD, ON

Hessrs. C. J.

BANKERS,
BROAD STREET

Payable in any part of Europe, Asia, Africa. Australia and America.

Exchange
FRANCB
ON GREAT BRITAIN AND IRELAND, 8WITZGERMANY, BELGIUM, HOLLAND,
EBLAND, NORWAY, DENMARK,
SWEDEN AND AUSTRALIA.
iBsne Commercial & Travelers' Credits

Between

Seligman & Co.

BALTIMORE.

Boston.

ISSUE COMMERCIAL CREDITS, AVAILABLE
IN

AND

AliEXANDER BKOW^N & SONS
Buy and

ERS' CREDITS.

Neiv York.
Issne Letters of Credit for Trayelers,
On SELIGMAN BROTHERS, London.
SELIGMAN FKERES & CIE, Paris
SELIG.MAN & fTBTTHEIMER, HYankfurt.
ALSBEKG GOLDBERG, Amsterdam.
ALTMAN & 8TETTHIEMER, Beriin,

Co.,

Place,

BUT AND DRAW BILLS OF EXCHANQB,
MAKE CABLE TRANSFERS, ISSUE TRAVEL-

Exchange on, and make Cable Trans-

&W

.

Exchange

Co.,

STREET,
NEW YORK.

FOREIOSr BAIVKERS.

England, France and Germany.

fers to,

CO.,

&

Cor,

&

STREET, LONDON.

Brothers
NEW TORK.

Phila.

In all

parts of the w^orid. through

S.

&

Ickelheimer
29 TTILLIAM

l!*on8, London.
Messrs. N. M. Rothschild
"
de Rothgchild Bros., Paris.
**
M. A. de Rothschild &^ Sons, Frank-

Attornets and Aokntb of

Brown

^atli.

Co., Heidelbach

No. 12 Pine Street,
ISSUE TKAVELBKS' CREDITS, available

Securities
Deposits received subject to Draft.
on
bouiitat and sold on commission. Interest allowed
Deposits. Foreign Exchange. Commercial Credits.
Circular Letters for Travelers,
Cable Transfers.
kvailable in all parts of the world.

MORGAN &

^cw

BANKERS,

PARIS.
PBII.ADEI.PHIA
DOUBBTJO AND FOREIGN BANKERS.

Idessrs. J. S.
No. 22 OLD BROAD

&

Co., August Belmont

XLIL

IVOL,

Manhattanvllle & St. Nicholas
Avenue and other City Railway
Securities Dealt in.
TELEPHONE CALL " NEW." TW.

4:2d St.

^\^m:.

KOUNTZE BKOTUEKS,
BANKERS,

Issued for the use of travelers in all parts of the
Bills drawn on the Union Banll of London.
Telegraphic transfers made to London and to variiius
filaces in the United States. Deposits received subect to check at sight, and interest allowed on balances. Government and other bonds aud investment
secoritles bought and sold on oonuuissioo.

ivoyen.

BROADWAY,

DEALER

IN

CITY RAILWAY STOCKS,

STOCKS,

<iAS

120 BROADWAY, Equitable building, New York

LETTERS OF CREDIT AND
CIUCULAR IMOTKS

c

No. 96

Great Britain and the Continent.

TRUST

CO.'S

TELEGRAPH

world.

Bank
See

STOCKS,
STOCKS,

Stocks, Insurance Stocks.
of Trust and Telajraph Stocks
EverUno fott and Daitv InMcalor.

my quotations

In Saturday's

May

THE CHRONICLE.

1888.]

1.

gattfecYs
JAMU

WBITILT,

Matnabd O.

BINRT
Wh.

CHUUIU OJUKUTi

il.

Riritt.

DoDOl, Wuhlnirton, D. 0.
Tuatiuh. Hpei^lnl l>iirtii«r.

II.

R.

and gvoTiers

Wood, Huestis

Prince & Whitely,
BKOADWAYf NB1¥ YORK.
Ave..

New

on oomwlsalon all olusM of Kallroad
HacurUtes; alao Grain and I'ruTlMlona.
and

tell

Prtvate Teleirntph wlr«s to Phtladelpbla, Wllmlnii>
ton, Raltliuure, WiLMhlntfton. Brldiieport, New HaTen,
Bnaton and Plttaburtt.

Gorham, Turner

&

BrHiidt OOlcu at Kverett Uouso. UqIod Square.

ArsTiN O. GOBIUM.
Chab. W. TttRNIiR,
Noble.
Member N. Y. Stock Exch.

t'liAS V.

J.

&

Kohn

A.

Co.~'

BANKKRS AND BROKKRS,
19 Broad 8t.,N. ¥., milU Buildlnc,
Transact a (ieiieral liankiiig Business.
KttretKU Kzobanffe. Bonds, Stocks and MIsoella.
Dttuus Securities bouKbt and sold on commission.

JPLIDS A. KuBN. David Ocbb. Moritz Ocbs,
M«nib. N.Y. Stock Bioh.
Memb. N. Y. Stock Bx

&

Hamilton
No. 36

Bishop,

BANKERS AND MUOKKH9,

PINE STKEET.

NKW YORK.

(Members New York Slock Kxchanjie.)
Accounts of Banks, BHjikers and others received.
Interest all(»wed on balances. A strictly Commission
Business in the purchase and saleof stocks and bonds.
Private Teletfraph Wire to Albany, Troy, Syracuse.
Kuchester. L'tica, BulTaio, Cleveland and ChlcaKO.
Draw on City Bank of London In amounts to suit.
Special attention tfiven to Securities for investment

WM.

V. CABOLHI.
CHARUIS f.
N. Y. Stock BzchanKe.

Member

&

Carolin

Cox

Cox,

Bankers & Commlsalon Stock Brokera
No. 5S BROADWAY,
Branch Office. 315 Madison Av., cor. 42d St.,
Deposits received subject to check at

New York

sight, and
Interest allowed on dally balances. All Stocks and
Securities dealt In at the .\ew York Stock Kxchaniie
bouKbt and sold on Commission, for Cash or upon
Marteln.

WA18T0M H. Brown.
Hkrbert

Fhsd. a. Brown.

p.

Brown.

Walston H. Brown & Bros
BANKERS,
NO. 30

NASSAU STREET,
NEW YORK.

&

Simon Borg
NASSAU

No. IT

New
*"""*" '•"«T MoKTOAoa bonds.
WOOD, o. a. uubb yis. l,. m. bwan.

R.

J.

Now York

Particular attention

&

Co.,

UNITED BANK BUILDING,
No. a
City,

WALL STREET,

NEW^ YORK.

Connty, State, Railroad, District of
Bonds and Foreign Bxchange.
Correspondence Solicited.

Buttrick

&

ColombU

York Stock Uxchaniie.)

No. 18 Wall Street,

New

Sell

made and loana necotlatad.
Divldeoda and intereat collected.
Deposits received sobject to Draft.
Interest allowed. Investment •ecnrltlea a paelattr.
We Issue a Financial Report weekly.
Joa.C. Waixwtt,

Fravk

V.

Thompson & Richard,
BANKERS,
16

4c

18 Mroad Street,

New York.

(Next door to the Stock Bxchai 4ie.)
of the N. V. Stock and Produce Kxch'nces

Members

Deposits received, subject to check, interest allowed thereon, stocks, bimds, grain, provisions ar.d
petroleum bought and sold on commission for cash
Ulreot telegraphic oommanloatlon
2i!.2'iJ''^i''"with the Chicago Board of Trade.

J

ohn H. Davis

&

Co.,

BANKERS AND BROKERS.

Do a strlrtlf Commlaalon Bnalness
STOCKS, KONDM and tiKAIN,
PHILADKLPHlAand

No. 17

WALL

16

<b

BROAD

ST.,

NEW YORK.

Albert Pearce,
38

AND
Deaier in Miscellaneona Seenrlties,
MILLS BDILDINO (8d Floor,)
Rooms % A 26.
33 WA LI, 8TRKKT.
STATE AND CITY BONDS OF OEOROIA, ALSO
8ECURITIKS OF TUB CENTKAL RR. A ilANKINO CO. OF OEORUIA A SPECIALTY.
Investors wishing to buy or sell are Invited to call
or correspond. Prompt and personal atteatlon girea
to all orders.

John

NEW YOKK.
H. Smith,
ST.,

Fred.
BANKER & BROKER,
No. 30 BROAD ST., NEW YORK.

Manning,

B.

BANKER AND BKO&BR.

Intermediate Points.

New York

No. 14 W^all Street,

SOUTHERN SECURITIES

City,

A SPECIALTY.
State, Municipal

and Railway Rends and GonpoDs

t>ottghtand sold at best market rates. Investon or
dealers wishing to bny or sell are iDvlted to commaat*
:atu

wUb

Mpn^hor

us.
r\f

thp Naiv

Vor*

Qr/>«» ICTr.nans<^

Twenty

years' experience In Railroad Bonds. Parties desiring to buy or sell Uncurrent Bonds wli,

please communicate.
Stocks bought In Fractional
either for Cash or on Margin.

lx>t8 or

otherwise

F.H. Smith, (Members Consolidated Stock and
8.

W. Smith, [

Petrolanro Bxchange,

New

York.

H.

L. Grant,

No. 145 BROADW^AY,
NEW YORK.
CITT RAILROAD STOCKS ft BONDS
BOUOHT AND

^Ct.

•

No.

<K3 Co.
BANKERS,
18 W^ALL

Deaier in InTestment Seenrities,
No. 7 NASSAU STREET,
(Continental National Bank Building),

STREET,

New Vork.

Transact a General Banking Bnslness, Including
the purchase and sale of STOCKS and BONDS for
cash or on margin.

Cahoone

Inweatment Secorlties.
BOX 2.647.
18 Wall
WAVLAND TUASK. H. J. MORSS. Execute Orders
W. C. HILL.

Sell

P. O.

A. M. KISDXR.

Robertson,

L.

BOND AND STOCK BROKER,

New York.
Bn7 and

SOLD.

e Quotations of City Railroads in this paper.

J.

&

Wescott,

Street,
In

New

Vork,

Securities

all

Listed on

NEW YORK STOCK EXCHANGE.

doTernment &

otlier

Inrestment Bonds

Correspondence Solicited.

Chrystie

BANKERS,

&

Janney,

BANKERS,
35 Naaaao St.,

8 Broadway,

PINE STREET,

I

P. O.

D. A.

BOODT.

Box

447.

0. W. MCLILLAH.
RxcmsM LaiukND.

Howard

Lapsley

BANKERS

No.

1 %

&

Co.,

ANT> B5JOKER8.

BROADWAY,

Slew York.
PBTVATIO WIKB TO B08TOK.

BANKBUS.

UNITED BANK BUILDING,

ALL KINDS OF INVESTMENT
IVall Street, corner Broadway.
BONDS, MISCELLANEOUS SECURITIES
STOCKS, BONUa <t OOUJLBKOlAL PAl'ER.
Stocks and Bonds t)ooght and sold on commission
AND DEFAULTED BONDS.
atNewTork stock Exchange. Adxances.mwie on
C0BRE8P0NDKNCE 80LICITBD.
bnslness paper and other secorlties
IN

Stock Bzoliaim.

cor. Exchange Place, N. Y. Noa. 23 &
New Tork.
Rruncb OIBce, 't-W La !!ialle St.. Chicago,
KeceiTe deposit* aud oonsiirnmenui of Bu!!ioo.
Socurltiea
and
Foreijni Bv*
Invetntmont
I>eHl
In
TRANSACT A UKNKRAL BANKI.NO BUSINKSS, chniiKe and inTttuc(irresp4>nd«noe.
INCLUDING UK I'URCHASK AND SALK OH'
Particular attention Klren t4> IniormaUoo racaroum
STOCKS AND BONDS FOR CASH OK iN .MAllN.Y. Stock Bxchange) UlN. BUY AND SKLL I.N VKST.MK.NT
KCURI- InTestment SecurltloM.
TIK8. INTKKUST ALLOWKD ON DEPOSITS
RROKER,
SUBJECT TO CHECK AT SIGHT.

Transacts ageneral Banking bnslness, Inclndlngthe
purchase and sale of stocks and bonds for casta or on
manrin.

BROKER

Membera of the New Toik

Special Attention given to

on Commission for Cash.or on Margin
.V. Y. Stock Bxch.

18

)
f

BROKER

SFliCl.VLTY.

In

'.

In

Elliman,

A Bonds dealt in at the

Membership

Dickinson

A. Dutenhofer,

With Private Wires to CHICAGO, BALTl.MORB,

C. J. Turner,
the
BANKER AND

(IB Tears'

Co.,

Seoorltles. Collections

Vork.

Stocks and Bonds BouKht and Sold on (;omml»slon
Accounts received and interest allowed on balances
which may be checked for at sliiht.
Iowa Loan 4 Trust Co. 6 per cent Debentorea
DouKht and sold.

Buy or Sell are invited to call
or correspond.

Stocks

&

stock! and Bonds bought and sold on Commlaalon.
Orders received In Mining Stock«,and In Dnllated

H. Dewing & Son,
BANKERS AND BROKERS,

Investors wishing to
all

order* by mall or teleffram.

BANKRRS AND BROKBRS.
No. 24 Pine Street, New York.
^'"^'!'.P*''^''o. Clark Dewino. k. t. Boimooir Transact a General Banking Baslnesii,
(Member of New

New York,
FIRST-CLASS KO.NDS FOR INVESTBuy and

oaih or on marata.
Hlvok fca-

"ewVork

C. Walcott

J.

18 Wall Street,

MKNT A

""*

marKiii, all securities dealt In at tno N. Y. Stock Exch.
KouaitT J. Kimball.
althsd B. LK)UN8BaKV.

Railroad and InTestment Securities.

H. Latham

t4>

Stock Kii^hanire.

DBALERS IN AM, KINDS OF

J.

"

•nte™"' allowed on dally balaneaa.
All deposits subject U> check at sight.

Members I'hil.i.lolphia Stock Kxc-hiuiKo.
Noa. 1« dc 18 Uroad Street, New Vork.
Buy and sell on commission, for investment or on

Co.,

Bouthkrh Secckitibs a Spbcialty.
jokr lloward l.atbam. fridkrice w. pxrrt

f:n">">'««>on. for

SaMw

Co.,

BANKERS AND BROKERH,
17 Years' Membcr.HhIp

NEW YORK.

ST.,

DRAI.KIIH IN

uP^-llS," :?"

&

Kimball

Sons,

FIRST-CLASS INVESTIflENTS.

fi'iitTw",'!;;;'*';.','

Co.,

1UNKEK8 AND BROKERS,
nilla Bnlldlne, 35 Wall St., New York

DAVIS.

^"21"",
»" seeurltlas listed at the
Jork.'Mi.,k ".V""'"
H.x. hioiiiiv
Kor.Sale:

meuKGn c.

Sistare's

I« * IS Broad Street, New York,
lai Sonth Third street, Pklladelphla.
Connected by Private WIra with mala o«ea.
Sew
York.

HITCIMaolUl TO

WOOD A

York.
1,

Bojr

NEW YORK,

PINE BTRKtrr.

31

^ew '^ovU ©itjj.
& Co. Geo. K.

BANKKKS AND BBOKBHS.

No. 64

RBANm nwinM«) ^** •''^^^

ttt

HI

Asiel

&

Co.,

BANKERS AND BROKERS
No. Bl
B.

BZCHANOR PLACK.

Ann/) L.8.F1kANKIXBnMBB,

M. SCLIOH Ainf
Mambars N. T. Stock Kxcbang*
.

.

,

THE CHRONICLE.

iT

e^atiadtati

and ITareign

Bank of Montreal.
OAPITAI.,

-

-

W.

YORK

ifJSW

&

Nos. 59

61 "WAIil. STREET.
WALTKB WATSON, JAgeiM.
A„™t8
1

ALBX'R LANG,

the Stock Exchange.
Interest allowed on Deposits, subject to 60-days
sight drafts, at

and make collections In, Chicago and thro»«hont the
Dominion of Canada.

Negotiate Railway, State and

Abdmrcb

No. 23

Office,

of England rate, and
one-percent below that rate subject to

ROBKKT ANDBR80N,

vicH-Presldent,

(LIMITED).

HEAD

The New York Agency buys and

sells Sterling

Asency, No. 61 Wall Street.
HBNRY HAGUE.
.Bent.
Agents,
1

JB.,

BOUGHT AND SOLD.
WANTED:

Loans of approved Railways, negotiates and

to

issues

Loans on the London Market, acts as Agent for

Railways and other Corporations, either in the mat-

payments of Interest on Loans, Dividends oo

Toledo Ann Arbor & Grand Trunk
Southern Central of N. Y. Ists.

Houston East
(iBwtjtto

Si

A Koine

West Texas
Ists.

ALBERT

or Registration of Stocks in London, or otherwise.

Cable Address -PATT,

OF

E.

LONDON.

North America,

Sterling Exchange and Cable Transon Scotland and Ireland,
fers. Issue demand draft
also on Canada, British Columbia, San Francisco and
sell

t-

Chicago.

Oe Twentsche

BKAZILIAN

H.

STIKKMAN.

B.

W. BLIJDEN8TEIN &

AMSTERDAin,

•

-

•

E8TABLI8HBD

HOLLAND.

-

1861.

Capita fully paid up.7,203,925 GuUders (12,881 ,570—)
(1385,237-)
HeserveFund
913.082.52M "

HEAD

OFFICE, AMSTERDAia.
CAPITAL (paid np), - - - «1, 600,000
BRANCHES:
SURPLUS, ..-.-.. $480,000
H. B. HOWLAND, Pres't. D. K. WILKIB, Cashier London-B. W. BLlJDiJNSTEIlf & CO.,
No. 55 & t-6 Threadneedle St., E. C
HEAD OFFICE, TORONTO.
BRAN0BE8:
Rotterdam—De WissEL-en-EFFECTENBASK.
Catharines, Port Coiborne, St. Thomas, Ingenoi;
Welland, Fergus. Woodstock, WInn'neg, Man.,
Brandon. v«n,. Essex Centre, Niagara
Falls and Gait, Ont.
Dealers In American Currency & Sterling Exchange.

S

..

Agents

In

London

:

I

''L-nCt.fSarkrri^it^s!6-^

Lombard

Street.

New
Bisr£Kp.
^
Airantji In

York-

"'*" street.

|

PrutuptesL ALUjattoD paid to ooUeotlons payable Id
aiy part of Canada.
Approved CanHdlan baalnefs paper dlBOnanted at
he Head Office on reasonable terms, aod proceeds
em tted by draft on Vew York.

Gzowski

&

Enscbede-B. W. BLIJBENSTEIN,

Almeloo-LEDEBOEE &

jR.

Stocks and Bonds, Sterling Exchange. Drafts on
Vork, bought and sold at CURRKNT PBICBS.

'^•ILLKCTIONS MADK.

Businesa in Bills, Stocks, Shares, Conp>>ss,

Bank

of Australasia,

(Incorporated by Royal Charter, 18S5,)
St., London, England
Paid-up Capital
£1,HOO.OOO

4 Tlireadneedle

-----

Reserve i-'und,
780,000
Letters of ('redit and Drafts issued on any of the
numerous branciies of the bank throuKhout Australia

and New

sent for ooUeo*ton.

made.

Deposits received in London at Intere r^» axed
periods, or Jor transfer to the colonies on terms
wnloh may Dte ascertained on appllcariou.
PRIUBAUX BBLBr, Secretary.

BV

SALiE— STOCKS

J. P. Wintriii^hiim, 3« Pino St., N. Y.
Note Telephone Cnll '•23iiJohn
'"

BANKS,

Shs. IIANR?^.
America.
25 Irvinjf.
100 Madison Rq.
30 Broadway.
Butch. & Orov. 60 Mnnhattan.
Central.
arket.
50 Commerce.
Metropolitan
10 {'omraercial.
50 N.y. Nat. Kx.
Continental.
lONinet'th W'd
Corn Kxwh'ge.
Ninth.
20 Fourth.
Oriental.

Shs.

Shs.

BANK8.

PaeiiiC.

67 Park.

Phenix.
Kepubl ic.

M

"-t. Nicholas.
25 Seventh Ward
Itt Shne & Leath.
state of N.Y.

7

;

15 Third

Hanover.

Jiuctiott #aljes.

and

BONDS

At Auction.
The Undersigned hold

8ALE8

REGULAR AUCTION

of all classes of

STOCKS AND BONDS,
ON

WEDNESDAYS AND 8ATDKDAY8.

4DRIA1V H. IMUL,L,ER
No. 12 PINE 8TREET, NEW
KyriTABi.K Bnii.nivo

LONDON, Head OBiee, 3 Angel Court.
SAN FRANCISCO Office, 422 California St.

NEW YORK Agents.

J.

& W. Seligman &

Co.

Coiresp'md'ts, Massachusetts N. Bk,

Antborlzed Capital,
Paid-up CapltHi, Reserve Fund, - -

-

$6,000,000
1,500,000
- - 400,000

-

Transact a general banking business. Issue Commercial credits and Bilisof Exchange, available In all
parts of tne world. Oolleotionsand orders for Bonds,
Stocks, etc., executed u pon the most favorable terms.
FKI t)'K F. LOW,
(iM„„.„„,
P. N.

IGNlTZ STBINHABT,!*"'"'*''"LILIENTUAL. Cashier.

/.ealand.

Bills ncKotlated or

Teietrrapiiic transfers

STOCKS

Cash paid at once for the above securities or the
be sold on commission at seller's option.

&.O.

NEW YORK CORRESPONDENTS;
Messrs. KNAUTH. NACHOD & KUHNE

BOSTON

FOREIGIV.

C E

IV

will

Transant a general BanblnK and Commlselon

Bank
STOCK AND EXCHANGE RROKERS, A.nglo-Californian
(LIMITED).
New

DBALINQ8 IN

A

STOCKS

CO.

Buchan,

TORONTO, CANADA.

R

IJ

FOR

CO.,

j

Imperial Bank of Canada.

S

Bailey,

PINE STREET,

A SPECIALTY.

Bankvereeniging,

NOTKS

iss ed in Pounds Sterling
CltAli>Il!:Kavailable In all Darts of the world.
ClAL. CREIHT.S ISSIIKI) for use in Europe,
China, Japan and the East Hnd West Indies. Alsrj,
IlAMl
in name of L.O^DON •!LIM II ED, available in the Brazils, River Plate, Ac.
Bills collected and other banking business transD. A. .VKTA VISH, ( Agents.
. „„nt8
acted.

i;ll{CUI..AR

I IV

E. HACHPIELD,
No. 5^9 Pine Street.

S.
filfl

STREET.

No. 53 IVAIil.

Ists.

Ists.

Boloto Valley First Mortgage Bonds.

Bank

Buy and

St.

Investment Securities
This Company undertakes the business of Trustee

ter of

British

47 William

special Ittujestmcttts.

Capital Paid Up, £9T1,360 Sterling.

(

AGENCY OF THE

Paid-up Capital
I7.5OO.0O0
Reserve Fund
4.500,000
Reserve for Equalization of Dividends...
5no,o00
Reserve Liability of Proprietors
7,500.000
The Corporation grant Drafts, issue Letters of
Oedit for use of Travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore, Saigon,
Manila. Uong Kong, Foochow, Amoy, Ningpo,
Shanguai. Hankow, Yokohama, Hiogo, San Francisco

and London.
A. M. T<»WNSENn, Agent,

LONDON, ENGLAND.

Ex-

change, Cable TranHfers, Usues c^edits available in
all parts of the world. liiakHS ctillections in Canada
and elsewhere, and issues drafts payai)le at any of
the offices of the bank in Canada. Kvery description
of foreign banking business undertaken.

JOHN B. HARRIS.

RANK BUILDINGS

4

OFFICE, MONTREAl..

GEORGB HAGUH, General Manager.
J. li. PliLMMBR, Assistant General Manager
BANKERS:
IiO"JDON,BNa.—The Clydesdale Bank (Limited.)
NEW YORK— The Bank of New Vork, N.B.A.

New York

No.

Esq

ITIass.

BANKING CORPORATION.

Railway Share Trust Co.

$6,725,000 Paid Up.
$1,375,000
Reserve.
President, ANDREW ALLAN, Esq.

Roston,

Street,

CO.,

New York

Hong Kong & Shanghai

•

•

28 State

deihand drafts.
City Loans.

Coruespondents,

BROTHERS &

18 ITall Street,

Bank

THE

OF CANADA.
•

New York and Bostox

BL,AKE

I.an«.

Merchants' Bank
Capital,

Corporations, firms and individuals, upon
favorable terms also orders for the purchase
and sale of Bonds, Shares, &c., &e., on Commission on the Stock Exchange.
Negotiate Railway, State and City loans.
;

Corporations, Firms and Individuals upon
favorable terms; also orders for the purchase and sale of Bonds, Shares, &c., &o. on

Sterling Biohange, Francs and Cable
Bny and
Transfers; srrant Commercial and Travelers' Credits
arallable In any part of the world! Issue drafts on

laondon

Solicit accounts and agencies of Banks, Railways.

I.ONDOIV.

aell

Co.,

LONDOiy, ENGLAND.

Solicit acconnts and agencies of Banks, Railways

OFFIOB,

&

Blake, Boissevain

Co.,

62 Gresham Honse, E. C,

President.

BUCHANAN, Seneral Manager.

J.

IBatifeers.

FOREIGIV.

&

Heinemann

913,000,000, Gold
06,000,000, Cold

8MITHER8,

O. F.

nn&

FOREIGN.

CANADIAN.

BVRPLVS,

fBn.xihs

xni,

[ToL.

L. de Steiger

&

Co.,

BANKERS.

fEANKFORT-ON-MAIN, GEBitUNI,

&

SON,

YORK.

'

11 COPTHALL CorKT,
London. E. C, 1st January. 1886,

1

(

YOU THAT
WEweREG TO ACQUAINT
commenced

to carry on a genhave this day
Banking and Commission business at the above
the
style of
under
co-partnership,
in
address,
•

eral

BLAKE, BOISSETAIN &
MR. H. J. DKLANOY
drm by procuration.

MKYKR

CO.

will sign for

our

STANTON BLAKB,
A. A. H. BOI8SB V AIN,
B RI.AKB!.

F.

IF YOC WANT TO BUT OR SKLL ANY
ON «iTOCKS OKBONDSt
PUTS <»K. CALLS
write to, telegraph to. send for, or call on,
b. W. ll<)SK>B\l'M,
60 Exchange P'ace, New York.,
Telephone call

"New 817."

_

:

Mat

THE (1HR0NICLE.

1888.1

1,

®ut

gattUB and Uautijcvs
V. W. QooKnr. AHt.

Praa'i.

"^gorb.

JJjctti

lutcveat, ^Ivi&tnOSf

NEW ENOLANO BANKERS.

BANKS.
Qio. STCTROis,

uf

'pHB INTBRBST
Ing bonds

Cuh

Samuel

G. Stiidley,
North- Western Nat'l Bank, COMMISSIUN
STOCK BROKEK,
ClIICACJO, ILLINOIS.

No. 4 ExebanBe Place, Room

Surplim, $50,000.

Capital, 9200,000.

BOSTON,

Thin Bank holds In iiddltlon »1,000,000 U. W. 4 per
cent Bunds at par. pledRod by lis stockholders for
the protection of lis customers. Said bonds are
pledged as above Instead of beUiK held by the Bank
as a part of Its leiral surplus, to avoid what wo think
QDjast and excessive local taxation.

LODOWIOKj.HlU.,

B. S.

President.

BANKERS

ana Surplus,

Capital

-

$300,000 00

-

Members

Jos.

This bank has superior facilities for making oolleotions on all accessible points In tbe United States,
Liberal terms extended to
Canada and Burope.
aooonnts of bankers and merchants.
OORBESPONDKNTg.— New York, National Shoe a
Leather Bank: Union Bank of London.

W.

T.

Blackwell.

P. A.

Pres't.

)

BTATB BANK,

I

Ilnoorporated 1875.

'

-

A. K.

B. BuBBcrga, Pres't.

all

Correapondenoe lollolted

Cashier

JOHN

P.

BRANCH,

JOEK F. QLBtfN, Cash. Fred. R. Scott.

Wm.

President.
Vlce-Pres't

Ist. 1886.

& Oo.

DENVER &

&

Fisher
BANKERS,

ANli

Sons,

No. 137

&

Bros.
Co.,
ANKERS,
SUPERIOR STREET,

CLEVELAND, OHIO.
Transact a general banking business, and

COUNTY AND

DKAL

CITY BO.VdS. Lists
prices furnished on application. Write us If you
wish to buy or sell. Refer, by permission, to Society
IN TOWN.

and

for Savings, Savings
of Cleveland, Ohio.

AlTD

BOSTON STOCK EXCHANGES.

& Trust Co. and

Chas. H. Potter

ALSO.

National Banks

&

Co.,

INVESTMENT BANKERS,

Dealer* In innnlclpal, State, Railroad

CIiEVEIiAND, OHIO.

and United States Ronde.

SPECIALTIES:

CITY BONDS,
TOWN. COUNTY ANDIRON
MINING STOCKS,
LAKE SCPKRIOK RAILROAD
SBCURITIBS
AND STREET
BSTABLtSHSD 1S71.

Joshua Wilboub,
chaklis H. shkldos Je
binjahin a. jackson, william binnkt, jb.

& Co.,

R.

,

-

P.

F. Keleher
SOS OlilVB

I.

Dealers In Commercial Paper, Oovemment ''and
other Srst-class Bonds and Seeorltlef and Forelsn

Exohanne.
PrlTBte Telegraph Wi'

CO.. will

MAITLAND,
WM. 3. JACKSON.
Receiver D A R. O. Hallway Co.

r COUPONS

V

DUE

niAV

1,1 sse,

frosi

the First Mortgage S per cent Bonds i.f the Galveston Harrisbun-. & San Antonio Rnilwwy Company
Western Division) will be paid on and after that
date at the office uf the Southern Pad Be Company,
23 Broad Street

(.Mills Buildln(i.)

TIMOTHY HOPKINS,

Treasurer.

PAUIi & NORTHERN PACIFIC
ST.
.NKW YoiIK. April 19, IKtW.
RAILWAY CO.,
I, prox.,
QUAHTEHLX INTEREST due May
this company

certificates of
be transmitted at maturity to holders of record
April 24 inst., from which date until May 2, 1886.
the transfer books will be closed.
GEO. 8. JONES. Treasurer.

upon registered T)ond

l^ESTERN BANKERS.

Estabrook,

PROVIDENCE,

DUE MAT

Bonds of the

GRANDE RAILWAY

will

^inawcijiX.

&

Reed
Buncan Building,

BANKERS,
CONGRESS STREET,

WEYR088BT STREET,

RIO

PlIKLPe & CO.

BNTRANCB

*w York and Boston

STREET,

&

Co.,

BT. LOUlB,

Flagg,

Or. Nassau & Pine Sta.

No. 11

PINK 8TRHBT.

IN

B o IV r> s.
Real Estate Debentures
G Per Cent Interest. 10 Years' Time.

A flrst-class security, made on correctIn principle*
the cninby some of the best mortgage companies
Pamphlet
Price, par and accrued interest.
try.
JOHN '"" ^^.JNew
sent on appil<!atlon.
''^I-iil.-k
\,>rK.
20 Nassau stre,'t.

^

Atlanta tt Charlotte A. I.. R'r Bonda,
memplils & Cliarleston RR. Bonds,
nempbls dc Little Rock RR. Bonds.
Carolina Central BR. Bonds.
Nortb Carolina State 6s.
BlrnUnsbani C.'tr» .*Ja., 7s.

And
Br

Dealers In Western Secorltles.
Def anited Bonds of Mlsaonrt, Kansas and lUlnotf a
Specialty. Good Investment Seonrltles, paying troa
four to eight per cent, for sale.

^^^

BH;OKERS AND DBAI.BBS

B

bankers and BROKERS

of the Hirst Mortgage

lloited.

Lamprecht

Wilbour, Jackson

Col., April 28. 1886.

No. 31,

be paid at maturity at the otBce of

Of the State, and to all classes of Southern State.
City and Railway Securities. Correspondence so-

BOSTON.

S3

Denvkb,

TyOTICE—COUPON

Have Western Union wires in their offices, bj
means of which immediate communication can be
had with all commercial points in the country. Especlaiattentlon Kiven to purchase and sale of VlrKlnlaConsols, Ten-forties, Deferred and all issues

Cobb

MEMBERS OF THE NEW YORK

S.

a

inr*

close May I, and re\yElNSHEIMER. Secretary.

Tmnsfer books

17, 18«6.

A.

,

EXGLANI> BANKERS.

No. 36

18W).

RALTinORE, MD,,

Circulars and infonnation on funding the debts
of Virginia and North Carolina free of cost; oneeighth per cent charued for funiiinp. Southern Roil'
road and State and City Bonds b<jught and sold.

&

stockholders of record at close of boalnese

1.

open May

Dealers In Governinents, Stock*
and Investnient Securities,
32 SOUTH 8TRKBT,
Opposub Seoomd St

THOnAS BRANCH

Brewster,

prll

No. 77.

from net earnings has been declared, payable May

May

And

&. CO.,
BANKKRS ANO COMMISSION MERCHANTS,
RICH.IIOND, VIRGINIA.

KEW

and Information

President.

I

Southern points on best

terms; prompt returns.

CUTTING.

B.

The usual QUARTERI,Y DIVIDEND of TWO (8)
PER CE.^T on the capital stock of this company
15, to

TRANSACT A OKNKRAl, DOMB8TI0
FOREION BANKINO BtTSINBSS.

parts of the United S Jtte*

all

Co.,

Robert Garrett & Sons,
BANKERS,
No. T SOUTH STREET^
BALTIMORE,

9300,000

walkib.

&

olsned.
N. T. CorrMPOndenta— MoKlm Brothers

BICHOTOND, VIRGINIA,
made on

'22, IHUfl.

BALTimORE BANKERS.

BAI^TIinORE.
XNyESTMBNT and SOUTHERN SBGURITIBS

MEKCHANTS' NATIONAL BANK,
Collections

April

To

OF PUI.LinAN>S PALACE
OFFICE
20. 1886.
CAR COMPANY. CHICAGO. A

(Members of Baltimore Stock Exchange).

First National Bank,
IVILmiNGTON, N. C.
CoUeet Ions made on

LOUIS AI.TON * TERRE
ST.
HACTK RR. C0..3a NASSAU ST.. NgW YOBK

PHILADELPHIA.

BANKERS AND BROKBRS.

Prompt attention given to all business In onr line.
N. Y. COKitESPONDKNTS.— Imoorters' A Traders
National Bank and National Bank of the Republic

B

MAY ao.

TWO

SOUTH THIRD STREET,

Cashier.

-

Railroad Aid 8e.

Prefrrred Stockholders of St. Lonia Alton ft
Terre Uaute Railroad Company i
A cash dividend of
AND ONE-HALF PKB
CENT has been declared upon the i^referred Stock
payable on and after May 1, 1886. to preferred stock
holders of record April 27. 1886. The transfer book!
of both common and preferred stock will bo cloeed
April 27, at 3 P. M., and re-opened Jnne 8, at 10 A.M.

Wilson, Colston

ARKANSAS.
-

* Cincinnati

DIVIDEND

C. T. Walker,

(

IS.

W.

German National Bank,
I.ITTI.E ROCK,
Capital (Paid In) -

Marietta

Wiley, Cashier

FIRST-CLASS FACILITIES.
New York Correspondents.— The National Park Bank
and Sey%nth Ward National Bank.
President.

MAT

Wabash Connty. IndianaGravel Road Os.
Cambridge. Indiana—
Municipal 7s.

BOBIBT U. JANHIT.

M. Shoemaker & Co.

No. 134

DITRHAITI, N. C,
Pay Special Atteution to Collections.

J. O. Fletcher,

Stock

bankers and STOCK BROKERS,

of Durham,

The Bank

14.

Road 7s.
Marietta. Ohio-

Credit.

N. Y.

MAY

Whitley County, IndianaGravel Road 6s.
(iravel

Exchange and Letters of

M. SHOKMAEXB.

J08.

9300,000

BUFFALO,

Bills of

Quarterly Registered Intereet.
Terre Haute. IndianaConsolidated «s.

Blackford Connty, Indiana—

Exchanges.

Buffalo,

CAPITA I<,

of

Cable Transfers,

St.

_

Gerlach,

CHESTNUT STREET,
PHIIiADIflLPIIIA.
the Philadelphia and New York

Mortgage 78, series " B."
Hecond Mortgage 7s. series " L."
Paul A Northern I'aclHc Kallwaj Co.—
FMrst

Western Railroad of Minnesota—
First Mortgage 7s.
Wabash. IndianaAnnual 6s.

No. 437

BBKBMAN8. JKWKTT. Pres. JOSIAH JIWKTT, V.Prei
William C. Cornwull, Cashier.

7s.

Water Works 8a.
Wayn'ftChlcagi Kallwar Co.-

Pittsburg Fort

RANKERS AND RROKERS,

Individuals respectfully solicited.
Collections promptly made and remitted for.
Will act as aKent tor the investment of idle and
surplus funds of Banks or Individuals.
In our active and growinj.' city money is always In
demand. Our rates reasonable, lilve us a trlal-

Bank of

S^

AND BR0KBR8,

&

Narr

Accounts of Banks Merchants. Corporations and

>la.

iridlana.*

Mortgage 7s.
Portsmouth. Ohlf^—
Railroad Iniprovemont

PHILADELPHIA BANKERS.

Designated Depository of the VniteA States.

•„,»_

First

Dealers In Oovernment, State, Connty. Cll y and Rail
road Bonds, Bank Stocks, Ac.
Desirable investment Heoarltlee constantly on band

ATLANTA, GEORGIA.

IWO:

I.

Indiana Hta'e—
Heglslered
New SU(« Bone*.
Oblo ft West Virginia Railroad Co.—

180 middle Street,

Gate City National Bank

Mar

>

PORTLAND, MAINE.

THE

A-

after

Orand lUplUs > Indiana Railroad Co.—
Mortgage 6».

Swan & Barrett,

Vloo-Prea't

THKVOLLOW.

payable at tbe banking hovM of
Messrs. WI.-«BIX>W, I.ANIIK * CO., eomer of
Nassau and Cedar BtreMs. New Tork atr, on and
Is

<

SIASS.

MBMBKR or BOSTON STOCK BXCHANOB.

HOOANOUISS. A.\V.HII,L
Cashier.

No. 4.

O.tl

Set,

Miscellaneous Secarltles.
BOUGHT AND SOLD
R. A. liANCASTER 4c CO.,
4 IVall Street.

IrShM^outhem War Money,
c-lOSFBDKRATE
NUMISMATIST,

Blt.1,8

titSlT

WANTED,

and

in small or largeonanlioi 3236, St. Paul. iJlnn

:

THE CHRONICLE.

1
^iwaiiciat.

'^innnci^l.

rtnatxirial.

REORCiANIZATION

& Kio Grande
way Company.

Denver

OF THE

Rail-

Philadelphia

FIIVAL, STOTICE.
The Reorganization Committees of the Denver &
Rio Grande Railway Company in London, Amster-

dam and New York hereby give notice that after the
15TH DAY OF MAY, 18S6, no bonds or shares of
stock of the Denver & Rio Grande Railway Company,
or Car Trust Certificates of the Colorado Rolling
Stock Trust Company, will be received and allowed to
participate in the plan of reorganization, except in
the discretion of the committees and upon such
special terms and conditions as may be then imposed.

April 10,

886,

GEORGE COPPEIili,
New York Committee.
UO^TARD GILLIAT,
Chairman of the London Committee.
M. C. VAN HALIi,
Chairman of the

Chairman of

the Amsterdam Committee.

&

RAILROAD COMPANY.
&

The Reconstruction Trustees of the Philadelphia
Readinff Railroad Company request the credittirs

and shareholders

to deposit their general mortgaKe
bonds with Messrs. Drexel & Co., and their other securities with Messrs. Brown Brothers & Co., under
the terms of the plan of reorganization, of which

copies can be had upon application at their reapictive banking houses and at the Guarantee Trust &

Safe Deposit Company.
Under the plan the holder of each 91.000 six per
General Mortgage Bond, with overdue coupons, aepositing the same, will receive from Drexel & Co. a
certificate entitling hiiu to four per cent interest for
three years.or until reorganization if sooner effected
and upon reorganization to a four per cent new general mortgage bond for $1,000 and $480 of preferred
stock— the holder of each seven per cent bond to

liDlders.

Investments.

Cincinnati 1st (C.I. St.
I.. & C.)7s, 1S88.
Columbus Sprlngf. & Cln. 1st 7s, 1901.
elite. lofva & Nebraska Ist (Clilc. & N.
-W.) 78, 1892.
St. liOiils Alton & T. H. 1st 7s, 1894.

Indianapolis

Sc

Paul Minneapolis & ITIanltoba 1st
(Dakota Extension) gold 6s, 1910.
St. Paul Minneapolis ic Manitoba 2d
St.

gold 6s, 1909.
Nortb. Pacific Term. 1st gold 6s, 1933.
Clilcago Burl. & North. 1st 5s, 1926.
TVlscousin Central 1st gold 5s, 1909.
Morris ic Essex 1st 7s, 1901.
Morris & Essex 1st 7s, 1914.
Milwaukee ic St. Paul 3d 7 3-lOs, 1898
James River Valley Ist (North. Pac.)
gold 68, 1936.

CH AS.
18

We

T.

WINO,

IVAIili

ST.

have to Offer to Investors upon
Prlrate Terms,

^1,4SS,000
6

PER CENT FIRST
«AOE BONDS

]HORT-

UPON A RAILROAD PARTLY

BUILT.

!rhe Earnings of the Road are estimated at lowest
calculation nearly twice the amount of interest on
the Bonds required to complete the Road, as it runs
through a rich agricultural country.
Information furnished on application at our oflQce
or by mall.

HILMERS, McGOW^AN & CO.,
Box 2847.
3 5 TTall St., New York.

P. O.

Pa]/— 10 per cent cash assessment.
J?eccH'e— §100 Preferred Stock for assessment and
$1,000 (with such addition as equals matured
coupons at reorganization) of lucome Stock.
Fives Consols, 1st SeriesPay— 10 per cent assessment.
Jleceive—llOO Preferred Stock for aase-isment.
gl.OOO Cwith such addition as equals the matured
coupons at reorganization) of Consolidated
Stock.
Fives Consols. 2d Series-

Pay— 15 per cent assessment.

M€ceive—tl5Q Preferred Stock for assessment.
with additional Common
J and Consolidated Stock in
same proportions equal to
matured coupons.
Convertible 7s and Debentures of Railroad and Coa
& Iron Co.
Pay— 15 per cent assessment.
Receive— $150 Preferred Stock for assessment,
$1,000 Common Stock, with additional stock to
cover coupons.
AU unsecured chiiix^ when proven (uhether funded
or jlvaWig) get the same recog ^ition as Debenture
Bonds.
The Old Preferred ami Common StockPay— $iO per share.
Receive— ^10 Preferred Stock for assessment and
$50 Common St»ck per share.
Deferred Income BondsPay -214 per cent assessment.
Receive— $25 Preferred Stock for assessment and
for each $1,000 bond $200 Common Stock.
Certificates of Ueposit negotiable at the Stock Exchange, entitling the holders to the new securities
after reorganization, will be Issued to the depositors.
Sixty days' notice by advertisement will be given of
the time for the payment of the iissessments.
Under this plan the annual fixed charges are reduced to #6,971,087. being $954.*(1T leas than the reported net earnings of 18S5 ($7,926,303). and secure
to the holders of the Income Stock an annual advantage of $1,559,579. to the holders of the Consolidated
Stock of $1,987,403, and to the holders of Common
Stock of $1,879,929. and the reported average net
earnings of the last five years ($9,636,339) would pay a
dividend of five per cent on the Preferred Income and
Consolidated Stock, leaving an annual surplus fund
for dividend on Common Stock of J333,4y0 90.
To promote the success of the plan an agreement
has been made with a syndicate to advance the expenses and disbursements, and if necessary to pay
the cash assessments.
In case reorganization can be effected without foreclosure, under the present charter. Income Bonds
may be substituted for the proposed issues of new
$250 consolidated Stock,
^750 Common Stock,

OF CHICAGO-

DEALT IN BY

By order of

Mr. Henry W. Smith has been added to the Purchasing Committee appointed under the plan of reorganization formulated by Messrs. Franlc C. HoUins
Chairman, Caivin S. Brice and Clarence Cary Com.
mittee on Reorganization.
Holders of the securities of the road interested In
settling the property without expensive delays are
requested to at once deposit their bonds and to affix
their signatures to the agreement, which will be
found at the office of the Central Trust Company
and with the undersigned, constituting the Purchasing Committee.
FRANK C. HOLLINS (H. B. HoIIins & Co )
HBNKY W. SMITH (Mntuai Life Ins Co )

WILLIAM A.KKAD(VermlIyelco
CLARE.VCB CARY (Cary & VVhitridge.)

R. T. Wilson

&

Co.,

BANKERS AND COMMISSION MERCHANTS
it Bxchange Court, New Cork.

Georgia

GARRETt,

B.

COTTON

Chairman.

OIL.

RR.

deposit with the Cenunder the plan of Reorganiza-

tral Irust Company,
tion, the following securities

CONSOLS

$14,392,000
$13,004,000
AND»,o„
„„„ „,
Shares.
^182,289

INCOME BONDS

PREFERRED

COMMON sroCK

IN

ORDER THAT ALL SBCURITY-HOLBERS

may have an opportunity to participate ia the beneHts ot the agreement, the time during which they
mav deposit their securities has been extended seven
(7) days, until May 4 prox., Inclusive, after which date
they will be received only on such termj and conditions as may be determined upon by tlie committee.
PDKCHASE AND REOBOANIZATION CO.ItMITTEE by

New „
York, April
^,

.

OLCOTT,

F. P.

Chairman.

27, 188(3.

TJANKING HOUSE OF WINSLOW,
LANIKR & COMPANY, NO. 28 NASSAU ST.
NEW Y'ORK.
TO THE HOLDERS OF THE FIRST MORTGAGE
7 PER CENT BONDS OF THE
DENVER
SOUTH PARK & PACIFIC RAILROAD COM-

PANY

:

Referring to an advertisement signed by Henry
McFarland, Treasurer ot the Union Paoiflc Railway
Company, dated Boston, April 19, 18t6, of which copy
Is printed below, we deem it our duty to ask all holders of bonds to advise us of their post ofHce address

and the amount of their holdings at the earliest practical datcwith a view to a conference with the bondholders as to their best method of procedure for the
protection of their interests In the premises.
Until such conference can be had it may be well
for bondholders to consider whether the acceptance
of the offer of the Union PaclBc Railway Company
might not endanger their rights or weaken their security under the mortgage.

APRIL

WINSLOW, LANIER i

CO.

27, 1888.

COPY OF ADVERTISEMENT REFERRED TO:
"^OTICE.-THB UNION PACIFIC RAILV?AY
COMPANY hereby gives notice that It will pur-'

chase and hold uncanceled the coupons of the Denver South Park & Pacific Itailroad Company on its
first mortgage bonds, representing interest which
will fall due on the Ist of May, 1886, and will pay
therefor the face value thereof In money.
Such purchase will be made by the Union Pacific
Railway Company at Its oCQce, No. 44 Equitable
Building, Boston.
McFARLAND,
Treasurer Union Pacific Railway Company.
Boston, April 19, 1888.

HENRY

C. H. Bachem
HAS REMOVED TO

Ko. 11

PINE STREET.

Orders for Stocks and Bonds executed at the
York Stock Exchange.

New

Avenue

Fifth

HOTEL,

the Board of Reconstruction Trustees,

JOHX

Madison Sqaare,

NEW YORK,

The Largest Best Appointed and Most Liberally
Managed Hotel In the City, with the Most Central
and Delightful Location.

HITCHCOCK, DARLING & CO.

AMERICAN COTTON OIL
TRUST CERTIFICATE SHARES
J.

OOODHART &

24 Broad
Members

of

St.,

New York

New York

CO.,

City.

C E.

To Stockholders of the Wabash St.
Louis & Pacific Railway Co.
FOR THE ACCOMMODATION OF FOREIGN
STOCKHOI,DBHS the time during which subscriptions will be received for the new stock, under the
Bondholders' Agreement of July 15. 1885, has been
extended to May 10, 18S6, after which date the right
of stockholders to subscribe will be forfeited.
All unpaid Instalments will bear interest from
April 10, 1886.
For the Purchasing Committee,
O. D.

New York, AprU

9,

BRANCH Offices
72 Wall

St.,

1889.

ASHLBT,

Secretary.

N. Y.

Connected with

I.

A. EVANS &(»., Boston.

114 So. 3d St., Phlla. B. L. Brewster & Co., Chicago.
1419 F St., Wash'd. HtTlinARD& FARMER, Hartf'd.

Private vVire Connections.
Stocks, Bonds and Miscellaneous SeExchanges, also Grain and
Provisions on Chicago Board of Trade,

Buy and

I

G.'B, 3CHI.ET,

Schley,

BROAD STREET, NEW VORK.

curities

Stock Exchange.

O T

&

Moore
26

Members New York Cotton Exchange.
IV

JOHNG. MOORK. W.K. KITCHEN.

BANKERS AND BROKERS,

BOUGHT AND SOLD BY
P.

LAKE ERIE & WESTERN RAILROAD

&

The Committee have now on

stock.

BONDS AND STOCKS
P. J. CtOODHART & CO.,
MEMBERS OP NEW YORK STOCK EXCHANGE
24 Broad St., New York.

I

1

1^

GAS STOCKS.
EQUITABLE GASLIGHT CO. OF NEW YORK.
UNITED STATES EQUITABLE GAS CO.
CHESAPEAKE GAS CO. OF BALTIMORE.
EQUITABLE GASLIGHT & FUEL CO.

East Tennessee Virginia

Reading

receive $20 additional preferred stock.
Income Mortgage and Convertible Adjustment Scrip-

May

[Vol. Jlill

sell

on

New York

&

Spencer Trask
BankerSy

Co.,

Nos. 16 AKD 18 Bboad Stbeet,

Iranaaot a Gfeneral Banking Business

Branch Offices:
Oonneeted by Private Wiret.

Philadelphia, 133 South Third Street,
Albany, N. Y., 65 State Street.
Providence, R. I., 13 Westminster St,
Saratoga, N, Y„ Qrand Union HoteU

xtmtk
HUNT'S MERCHANTS* MAGAZINE,
aEPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATEa

VOL.

SATURDAY MAY

42.

,

CONTENTS.
THE CHIlONICLE.

Dolnrr

Financial Review of April....

532
533

Exports for
Imports and
March, and for the Three and
Twelve Months ending with
March in 1886 and 1885.... 534

Monetary

and

English

News

ohaoge, U.S. Securities, State
and Railroad Bonds and
Stocks
538
Range in Prices at the N. Y.
Stock Exchange
539

COIIIIERCIAL

5-10
Railroad Earnings
General cjuotatious of Stocks
and Bonds
541
Investment and Railroad In-

547

telligence

[Entered at the Post Office,

1314.590.841

every Saturday morning.
New York, N.Y., as second class mail matter.]

20
10
28
78.
88.

in two
of the

ioriptlons and advertisements will be taken at the regular rates, and
single copies of f he p.iper supplied at Is. each.
The otnoe of the Cuuonicle In Liverpool is at B15, Exchange Buildings.

jnwS^
piVivn
JOHN
o. flovd.

81

NEW YORK.

WUltam

Street,
p^,^ Okfioe BO.-C 958.

CLEARING HO USE RETURNS.
At a few

of the leading cities— Philadelphia, Pittsburg,
Baltimore and New Orleans, for example and also at some of
the smaller towns, the reduction in the volume of clearings

—

during the week under review was due to the observance of
Good Friday as a holiday. Furthermore, although the day
was not strictly a holiday at New York, the closing of the
various exchanges, and the virtual suspension of business in
some branches of trade, caused a decided decline in Saturday's
exchanges, the total for that day being onl*r $87,655,341, while
the average for the other days of the week was $95,379,100. It
is therefore, we believe, safe to conclude that the falling off at
all points from this cause was about $75,000,000.
But this
does not account fully for the decline from the previous week's
figures; for after allowing for that amount, there still remains
a decrease of some $40,000,000, no doubt resulting from the
labor troubles and the check to trade which they are causing.
Contrasted with the corresponding week of 1885, the returns
make a favorable exhibit, the smaller percentage of gain than
last week recorded being due entirely to the holiday mentioned
above. In fact, comparison between a like number of days in
each year would give an increase of fully 24 per cent in the
whole country and over 11*5 per cent outside of New York.
The share transactions on the New York Stock Exchange
for the five days reach a total much below those for any similar
period since July last, and cover a market value of only

(1.715.474)

(+80-8)

(841.700)

(-«r6)
(-50-4)

(68.988,0001

(+876)

$83,180,081

+15-8
+1-8
+18*0
+4-0

(30.044.000)

(40.006,000)

$67,893,183
4.203.300
1.455.528
937.873
804.804
814.900
745.237
406.608

$63,839,783

+41

3.579.000
1.357.217

+17-6
+7-2
-11-8
+8-8
+9-S
+10-4
-15-0

»77.26<i.233

$73,872,522

»47.4ei.267
7.013.707
9.068.627

$41,340,164
7.018.149
10.914.730

164.113.501

$59,273,043

$43,833,656
9.053.060
2,869.191
8,856,073
1,057.317
8.049.685
1.466.412
658.568

$43,525,936

+0-7

7.4-22.150

+220

2.767,697

2.339.187

SDriaKfleld

Lowell

Phlladelphto
Pittsburg
Baltimore

Total Middle....

Chicago

,

Milwaukee
IndlanapoUs

Columbus

Offlcea In Ensland.
Peorta
Commercial and Financial Chronicle in London Omaha....
is with Messrs. Edwards & Smith. 1 Drapers' Gardens, E. C. where subDenver*

&

+81-4

$693,087,448

(27.812.000)

(Pttrolmm..lMt.)

the

79

17.

PtrOia

1886.

!-2l-4)
(-84-9)

(293.000)
(36.801.500)

Total N. England

Subscriptions will t)6 continued until definitely ordered stopped. The
publishers cannot be responsible for remittances unless made by Drafts
or Post Ottlce Money Oiders.
A neat tile £0 ver is furnished at 50 cents ; postage on the same is 18
cents. Volumes bound for subscribers at $1 00.

?
^

Wetk Endtnt Arr.

(-16-5)
(-21-8)

(0S3.693)

(220.200)
(28.'; 53.000)

pvUiihed in Worcester

For One Year (Including postage )
$10
6
For Six Months
do
European Subscription (Includln g postage)
11
Annual subscription In London (including postage)
*2
SixMos.
do
do
do
*1
These prices include the Isvestors' Sopplesient, issued once
months, and furnished without extra charge to subscribers
Chronicle.

office of

+18-5

(Cotton. ...balu.)
(OTain...lnuheU)

NewUaven

M

Terms of Subscription —Payable in Advance:

The

$434,334,721

(.au>cla....iilMrM.)

Boston
ProTldenca

AND FINANCIAL CHRONICLE

New York

New York

24.

PsrOmt.

18S6.

SalMo/-

%ht ^hxonicU.
THK

Week BnMna April
1S86.

Commercial and Miscellaneous
537

making our

after

usual deduction for these stock operations, exhibit an increase
of 84*8 per cent.

535

News

corresponding full

The remaining exchanges,

of 1855.

Commercial

THE BANKEIiS' GAZETTE.
Honey Market, Foreign Ex-

NO. 1,088

1886.

$58,600,000, against $69,737,000 for the

week
Olearing-House Returns
527
The Plnaaclal Situation
528
Brltlali Amerlcau Cattle Companies
531

1,

1.057.811

743.321

741.937
674,903
478.520

2.751.338
2.318.423
1.136.516
1.800.803
1.167.031

786.138

4.578.800
1.674.819
1.141.843
758.888

New Orleans

+]8«

684,688

-H»a

+4-6

$93,657,271

+14-4

+14-8

+80-8

-11-4

$64,497,915
7.670.T71
11.963.646

+88

$74.1S8,<Si

+16-8

$47,659,668
10.766.660
8,198,449
2,843.184
1,] 47.795
2.349.977
1.561.945
565.213

+8-1
+»2rS
+4-1

-01

+4-8
+14-8

-70
+13-S
+25-7
-18-2
+18-3

+27'7

+79
+3-4

+1»9
-8-9
+18-4
+5-5
-83-8
+-38-0

2.683.708
8.997,980

$88,401,649

$83,247,517

+5-0

$72,609,389

+T*

$14,857,741

$14,513,164

817.815

579.201
6.604.929
3,796.052

+2-4
+41-8
-7-8

—5-8

$14,969,810
648,808
7,157.981
4.100.483

+47-7
+41-0

6.571.788
1.488,885

-8-7
+1-7
+8-4
-8-7
+88-4

6.088.697

Lonlaville

8.5S7.260

Kansas City

5.S5S.922
1.338,889

GalveatoQ*

—MCO

969,6«0
840.014

2.582.146

Total Western...

3.963.413
948.453

+-18-4

1,413398

983,521

$32,542,124

$30,406,814

+70

$8,631,377

$10,641,499

-18-9

$11,290,060

-18-1

$763.63.'-,6i5

$871,774,518

+13-7

$S78.64e.209

+175

New York t248.984.7a4
Not Included In tott^.

$237,439,795

+4-9

$2»5.H18.761

+10-1

Total Southern..

San Francisco
Total aU
Outside
•

(1.129.141)

$33,988,889

The telegraphic returns of exchanges for the five days as
received this evening are given below. There is a decline in
the aggregate from the previous five days of $75,616,602, and
in comparison with the corresponding period of

increase reaches only 15-2 per cent, whereas last
21-4 per cent.
rive Daye Etidint Af/rU SO.
1888.

New York
Sola of

$408,898,061

.Stock (tht.)

Pm-OmU.

18SS.

$330,300,073

(1.080.224)

(641,5961

58.943.548

52.431.972

Philsdolphta

4S,.S21.tf22

88.2a<l,768

Baltimore
chictmo
St. Louis
New Orleans

9.060.609
34.648,000
11,973.390

Total
Balance, Coantrr*
Total

Outside

all

New York

S.706.8«

+181
(+88-4)

+18-4
+84-5
+4-8

-OS

5.2S0.378

34,884.000
11,486,490
8,070.733

$569,931,968
52.191,073

S

the

1885

week

it

was

D'y Bni'i Apr.
1888.

$483,838,608
(781,996)
69.041.884
38.811,888
7.876.4B8

as.

PtObHt
+80-8
(-18<»

+T8
+1-8
-18-7

+!»

+4-7

37.413,000
18,888,880

+41

4,983.783

-ll-O

$494,978,888
48.188.007

+16-1

$648,433,888
53,888,900

+8811

+168

$083,188,031

$840.1S8.87S

+1S-8

$887,738,038

+«-4

$SU.48«.«7d

$i88.8aaaas

+18*

(813.9a7.131

-^4-3

•Bttlmatedont be

basis of the last weekly

r<itorna

+8

t»8

a

..

THE CHRONICLE.

528

[^OL.

was a balance

gold, so that the actual result

THE FINANCIAL SITUATION.
no change to note in money this week. Bankers' balances to be sure have ruled lower, the average for
the week not being much if any above 2 per cenf, though
on Thursday the rate was run up to 4 per cent but the
tendency is certainly towards ease notwithstanding the
There

is

The truth

is quiet,

while

enterprise

business

is

speculation

is, all

widely checked by

money

the labor troubles, so that the requirements for

This

light.

is

the outlook being so

paper making,

are

small amount of commercial

seen in the

uncertain that

new

engagements requiring funds are for the time being held
Besides that, the flow of money from the
in abeyance.
interior

has been more active this week, and helped to

counteract the effect of gold shipments.

BxpQrts. Imports. of

exist here, the cable reports

But while these conditions
per cent

London

at

for

sixty-day to three months'

Ex-

Exports.

isra.

t

Jan
Feb

i

39.409
64,829
66,165

of

Ex-

Im~

ports.

ports.

Imports.

?
275
137

$

33,515 25,894
35,374 29,455
41,857 24,298

Omitted.)

SlLVEE.
Excess

Imports.

ports.

t

Ex-

ports.

111

t
1,811
2,210
2,984

?
1,313
1,888
997

1,987

?

+71
22

346

Excess
of

t

S93
322

188

115
77

600

533

82

7,103

4,198

2,907

795
465
892

226

1,192
1,120
843

789

403

1,187

569
315
+275

1,085
1,223

85
•380

..42,562

2,152

1,543

809

3,166

3,097

5S

43,285,28,794
47,760;i9,974
60,709 24,360

4,740
677

30
271

7,189

161

4,710
308
7,008

1,877
1,728
1,389

951
958
806

426
768
584

Total.. 226,888; 153,751 »3,128 12,486

462

12,024

4,472

2,714

1,763

102
7.231
3,229

1,032
+6,762
+2,389

2,182
1,552
1,627

534
631
631

1,648
921
906

2,443 10,562

+8,119

3,281

1,786

3,47B

March..

Total.. 190,393 110,748 rS.MT

1880.
Jan
Feb

66,997
39,957

March..

rr .361

55,20811,781
55,643 4,309
70,887 6,46»

Total.. 204,305 181,743

150

1881.
Jan
Feb. ..
March

74,079
6r,734
85,069

.

2

Gold.

Excels

Year.

;

shipments of gold to Europe.

our favor of

in

$3,319,000.
FOBEIQS TKIDE MOyEMEXr OF THE UNITED STATES— (OOOs
Mkbchandise.

XLH.

1883.
1

and about the same rate at Berlin and Frankfort.
This activity, however, is due mainly to the preparations
for the French loan, which it is now expected will be
When the awards have
issued during the ensuing week.
been made and the subscriptions rejected and the deposits
therefor released, the tension it is presumed will be
relieved in all foreign markets, and a relapse to normal

Jan
Feb

64,921

March..

62,614

prospect

Jan
Feb

bills,

was

the

be

conditions

reason

leading

a

Bank

result.

in

Doubtless

this

managers
week to refrain from

inducing

the

England this
Still another reason of
raising the official minimum.
influence was the stronger tone for exchange at this point
on London, which promised shipments of gold to London
Perhaps, too, it
in case of any urgency in the demand.
was delayed partly on the idea that a rise could have little
erffect in making European money markets more favorable
to London while the issue of the French loan was pending;
after the awards are made, the conditions in this particular
will be different, and a rise then in the official rate would
for that reason be more effective.
The market for sterling and for francs has been firm at
Notwithstanding exchange on
unchanged quotations.
Paris has ruled slightly below the gold shipping point,
the steamers sailing on Wednesday and Thursday carried
$1,021,558 46 of gold bars, and $250,000 more goes by
•of

the

of

56,6071

56,956 7,966
38,827 •2,220
68,804 *5,990

Total.. 184,142'l84.387

1,134
469
840

•245

1883.
Jan
Feb
March.

56,971 23,409
56,301 10.554
60,780 16,872

1,310
291
3,245

34
746
284

1,278
+455
2,981

2,518
1.424
2,957

896
986
1,523

1,628
438

Total.. 224,887 174,052 50,736

4,846

1,084

3,782

6,899

3,404

3,495

B25
154
371
422 3,411
+2,989
90S 12,224 + 11,321

2,314
2,349
2,094

1,163
878
1,204

1,151
1,473

1,850 15,789 +13,939 ~6,757

3,243

3,514

80,380
66,855

» 7,663

1,434

1884.
73,990
61,247
56,210

March..

54,311 19,679
54,711 6,586
61,263 •5,053

Total.. 191,447 170.285 21,162

890

1885.
Jan
Feb

80,533
53,940
51,398

43,221 38,312
42,028 11,912
32.976 •1,578

2,076
1,888
1,756

1,448
1,838
833

629
252
923

2,229
2,507
3,119

1,093
1,004
1,838

1,136
1,503
1,283

Total.. 185,872 137,225 48i848

5,719

3,915

1,804

^855

3,933

3,922

1,708
986

2,682
5,654
9,921

+878
+4,868

2,907
1,992
2,345

1,023
1,147
1,760

1,884

March..

1886.
Jan
Feb

57,983
31,905
53,690

March..

47,411 10,572
56.687 •4,782
60,037 •6.847

840

+9.081

84S
585

i

Total.. 163,578'l64,lS5l
» Excess of imports.

•657

3,t32'l8.157 + 14,625' 7.244]
t Excess of exports.

3,930

i

3,314

It will be noted (and it is a noteworthy fact) that the
above exports for the three months of 1886 are the
One hunsmallest of any year in the foregoing record.

dred and sixty-three millions for
than gold and silver) during the

all

our exports (other

first

quarter of the year

total, especially if compared with
same period of 1883, when the total was nearly 225
With regard to sterling, the de- millions, or with 1881, when it was nearly 227 millions; even
the Servia to-day.
mand seems to be strong enough to keep the rates in 1884 it was 191^ millions. Still it was not the mere fact
within half a cent per pound of the exporting point, of l^s thus disclosed that we wished to call attention to
and a further advance may be made if the inquiries for what we had in mind was the circumstance that there is
remittance from the arbitrage houses should be urgent. much more of discouragement generally drawn from that
is

an extremely limited

the

;

Within the past few days

selling of stocks for

European

induced by the labor troubles
in money in London, though on the other

feature of our export trade than

account has been active,

popular belief

here and the

loss in actual

rise

hand, against these sales of stocks, some purchases of bonds

is

to

just

is

that

the

it

The

really deserves.

difference noted represents a

exportable products

that extent learning

—that
to

is,

that the world

do without America.

That feeling or belief is encouraged by the smaller shipany ments of wheat, which every one notices and which Lontime change, so that no accifrate forecast of the sterling don papers and spme American writers love so well to
market can be made. Stock operations in London have attribute to a permanent substitution of India produce
been recently most profitable in Americans, and as the country that, notwithstanding all the late extension in
facilities for speculation between London and New York railroad mileage and other stimulants, has not been able
are ample, the exchange market just now is more likely to to increase materially its surplus crop for four years, its
be affected by arbitrage operations than by trade require- wheat exports being 37 million bushels in 1881-82 (four

are reported

;

the arbitrage movement, however,

uncertain, and the course of the speculation

may

is

very

at

—

ments.

In this connection

movement

the trade

in

it

should be remembered that

March was

as appears from the statement issued this

Bureau of

summary

Statistics.

It will

ably (when the figures are made up
week by the which ends with March 31, 1886, they

be noticed in the following

which we have brought together the
were very heavy, as well
as the exports hght, and that the merchandise balance for
the month is therefore $6,347,000 against us.
There was
also a net export of $585,000 of silver and of $9,081,000
of

it (in

figures since 1879) that the imports

years ago) and 39 million bushels in 1883-84, and prob-

especially adverse,

less for

1885-86 than

it

will surprise

its fiscal

year,

show) a

trifle

last year's total.

But passing the India question on
think

for
will

this

occasion,

in our exports of 1886, probably the whole of

a loss in values and not to quantities.
that

we have

we

our readers to learn that of this loss
it is

We do

due

not

to

mean

not exported less wheat, but that taking

all

,,

Mat

1.

THE CHRONICLE.

188«.]

620

Taken as a whole, then, the gricalttml
will at farm work.
two years ago, when the prospect may be said to be a* full of promise as any
we have not the figures within previoua spring of which we have a record. Especially

our merchandise exporUi together, the quantities
equal

least

of

total

large

the

values were 1'jU millions;
our reach today to make a comparison with 1883 or with
1881, but womake it with 1885 and 1884, which will be
suflicient for

reports on

the

the investigation

and

We

our present purpose.

which are the

breadstulls,

use as tho basis of

provisions, cotton,

oils,

encouraging is the start grain has secured in the Weat
and Northwest, since a strong, wellrootad, early growth
has in it a power of endurance fortifying the plant in
a very large measure against all future adverse conditions

monthly reports of weather.

special

The labor troubles, particularly the more prominent and
Bureau of Statistics issues, and the only articles
which we have returns of both quantities and values. longest continued strikes, have assumed a better stiape
As those articles together generally make up over 70 this week. That is to say, both the Southwestern railper cent of the total export values for the three months, road disturbance and our street car difficulty are in
the result they bring us to, cannot be very far out of the the way of speedily settling themselves, it having been
way. First, then, we give the following table, the first demonstrated that both companies can conduct their
two columns of figures being the actual values and quan- operations without the aid of their old hands. This will be
a very wholesome result if it is reached, for it and the
tities of the articles named exported in the three months
the
for

of 1886, and the third and fourth columns showing
the 1886 values would be

if

what

the quantities exported in 1886

had gone out at the values current in 1885 and in 1884
respectively.

boycotting failures bring out in sharp relief and establish,
all, the principle that every man and every company has the right to conduct his own business without
dictation from any body of men, and further that to harm

once for

that business
Actual Exports Fint Three
ifontlw 1886.

Articles.

Cotton
0118

Breadstutta

Total values

Quan(»««.

Values.

0/1885.

258,072,689 lbs.
57«.409,78« lbs.
I«8.2B5,572 gal.
41,74S,09S bush.

119,136,777
56,088,028

822,485,159
61,934,733

—

1

in the

gent ones
is

0/1884.
126,395,806
60,569,950

10,770,853

11,022,490

12.400,301

29,538,056

31,266,978

40,618,061

»115,S31.8U

11 26,708.860

tl3fl,9ra,088

is

too,

Some

a crime.

make

people, even fairly intelli-

the mistake of supposing that liberty

synonymous with license, and

it

takes time and not infre-

quently severe experience for them to

wo enjoy

liberty

in

this

country

is

learn

that

the

not of that kind.

American freedom, Uke all things earthly, has its limitations
it permits no man to harm either the person,
;

each of these property or character of another, protecting equally the
1886 exports had gone out at its 1885 Bohemian baker and the railroad manager. That prin-

The above brings out the
articles

Estimated Values for 1886
Based on Prices

fact that

if

would have been $11,177,146 ciple is, we think, more widely understood here to-day
is, they would have been inthan it was two months ago, and we look at that fact as a
creased 9-67 per cent on the other hand, if they had gone hopeful feature.
out at the 1884 values, they would have been increased
But there is another species of labor trouble, which has
$24,440,274, or 21-15 per cent. Applying these same per been on the increase this week and is very disturbing both as
ventages of increase to the remaining exports for each cor- it exists to-day and on account of the fears of its extending
value, the total 1886 values

more than they were

—that
;

responding year (on the supposition that a similar difference

which

and we should have the result for the last three
months (instead of as it was $163,000,000) about
$179,396,000 on the basis of 1885 values and about
In other
.$198,175,000 on the basis of 1884 values.
words, the chief factor in the loss in exports, as compared
with both those years, has been the decline in price.
This is an interesting conclusion, but we have not the
space to remark upon it further here to-day.
The week's crop news has all of it been of the very best

ment.

exists)

it

gives rise

settle for itself,

but clearly a

We refer

to.

Of course

it

whether

it

will

work

of

profits

If the

one or no hours

ten,

;

much in
demand may be

earnings of labor

come

— share of the product,
scarcely needs to be said
be —

capital

its

it
whatever that product
that no man can earn as much

ten or as

hour move-

wise use of an industrious man's liberty

less

can scarcely be imagined.
out of the

to the eight

a legitimate question for labor to

is

nine as in ten.

in

hour as

one

Under

in

pressure, such a

enforced, yet the arrangement if connever remember a year when the reports cluded cannot but re-adjust itself, and to the disadvantage
from the West, Northwest and Pacific Coast came up so of the ambitious, industrious laborer in the end. Of course
description.

We

And

uniformally favorable.
thus reported, but

it

is

not one crop alone that

Winter wheat

these remarks do not apply to any exhaustive

work

in

which eight hours is the limit of a man's endurance, for
making marvelous progress, and an unusually early harvest in that case he could accomplish as much and perhaps
seems to be almost assured now with the exception of more in the shorter time. But in the general run of our
Kansas and Michigan, where so much was winter killed, industries the present hours are not onerous and if that
this grain also premises to be a full yield everywhere, con- were the claim, to pay by the piece where it is possible,
trasting with the failure of last year.
The spring wheat would be the correct practice. Still, the wisdom or unwisplanting has been about completed and under very encour dom of the movement is not the issue now.
Many labor
aging conditions in most sections it is up and in as flourish organizations have apparently determined to insist upon this
ing a state as one could wish.
Oats and corn planting has change, and how far it will proceed and to what extent
also made good progress, both grains being in the ground, it will unsettle our industries and further check the busiand successfully started in all but the later districts. The ness activity which was in prospect is the uncertain prob-

is

it

all

is

crops.

is

;

;

;

Commerce lem. Still, if the old strikes are exhausting themselves
"I cannot remember at any there would seem to be in that fact a fair assurance that
four or five years having sent you but a short period need be allowed for this new eruption.

well-informed correspondent of the Journal of
says under date of April 27

" time during the last
"

:

such a uniformly favorable report of a spring opening

"in the Northwest as

I

am

able to wire you to night."

An event in investing circles has been the further
reduction of cash interest paid on the Chesapeake & Ohio

A

From the South and South-west the reports respecting com Class B bonds.
year ago the company announced ita
and other grains are also alike good, while cotton planting inability to meet the coupons on these bonds in full, and
is making rapid progress, the seed being all in and satisproposed to pay one-half in cash and one-half in scrip.
factorily started in most of the earlier sections, except This was accepted as a fair proposition, considering the
where the high water in the Mississippi Valley has delayed state of the company's finances an* income and the

»

..

THE CHRONICLE.

530

depressed condition of railroad property generally,

bondholders

therefore

Consequently both

gave

readily

XUI.

and statement of the Pennsylvania, though also satisfactory
in showing an improvement over the previous year, is yet

assent.

their

it

May and November

the

[Vol.

coupons

much

favorable than

less

that of

the Erie, because

we

if

compare with tne years preceding 1885 the showing ia
holders not
particularly good.
Thus on the Eastern lines the

Now the
in 1885 were paid in that way.
to-day
maturing
the
coupon
that
are informed

will

gain in net this

year

$144,671, while the decrease in

is

and two-thirds in scrip. the previous year had been $243,442. On the Western
a justification in system the result is somewhat more favorable, and against
The earlier step certainly had
a deficiency of $96,039 in March 1884, and $84,208 in
the later step is
the state of the company's income
the deficiency this year is
be paid one- third

cash

in

;

claimed to be an efiort to give a preference to the holders
It is only just to the managers to say
of the floating debt.
that the necessities of the

company

in this particular

were

foreshadowed in the annual report published by us two
weeks ago, where it was suggested that "it would without
" doubt be advisable for the holders of that class of bonds
" (Series B) to provide for the liquidation of the floating
" debt

same time reduce the rate of interest
" on their securities."
The position of the Class B bonds
as respects the company's income may be roughly outlined
as follows. According to the 1885 report the year closed
and

with a

at the

deficit of

663 of this

$465,886, but

pointed out that $345,-

it is

Lines East of
Pittsburg.

1886.

March.
Gross earniDRB
Operat'K expenses.

3,901,855

3,835,374

4,002.627

2,598,075

2,474,285

2,598,076

1,805,780

1,161.109

1,404.551

-28,769

-84,208

Net earnings...
Western lines
Result

that the

company

half-cash

interest

fell

was $120,823

that

much

on the bonds

perhaps be added that

this

short

of

April, as

made

The

esti-

yesterday,) are about

new plan

for the reorganization of

outlines

of

&

have also been published

Pacific

a

this week.

now than

unnecessary to say more of this plan just
has not been favorably received.
securities held for Central
off as

New

The

2,496,491

1,455,427

1,415,802

1,799,228-

(

-96,039 -H53.386
1,308,512

1,608,793

3,524,925

2,982.172

-332,195 —352,310 +276,840

Hegnlt

3,286.502

2,646,977

earnings..

WeOc enddiD AprU

+45,183 +374,421
2,173,847

1,460,985

4.283,179

3,569,689

4,164,191

-12,286 +920,650

3.342,956

3.557,408

JtecHvedby
SMpped bv
N. T. Banla. N. r. Banla.

30, 1886.

Cnrrency..

5.084.84

sale of the

It is

that

it

Reading

Jersey floating debt came

Total gold and legal tenders..

1300,000

Gain..

J70O,0OO

tl ,000,000

t30n,ooo

Gain..

{700.000

The above shows the actual changes in the bank holdings of gold and currency caused by this movement to and
from the interior. In addition to that movement the banks
have lost $1,000,000 through the operations of the
Sub-Treasury and $1,271,000 more by exports of gold.
Adding these items to the above, we have the following, which should indicate the total loss to the New
York Clearing House banks of gold and currency for
the week covered by the bank statement to be issued to-day.

announced, but was hardly an unqualified success.

The firsts series fives brought pretty good prices (above the
market), but the two million seconds were withdrawn,
because the bids were not satisfactory. Mr. Wharton

Set Inttrtor
Movement,

Qold

the actual

$61,000 ahead of that year.

Texas

2,733,953

3,844,304
2,045,07*

It

two months and the company's

March and

for

3,912.293

t

—258,428

arrived at after

is

operations; in 1886 net earnings so far (taking

mate

4.189.880

The following statement, made up from returns col-'^
meeting the lected by us, shows the week's receipts and shipments of
gold and currency by the New York banks.
should

$124,739 of interest on
But those figures relate to the 1885

figures for the first

1S81.

t

1,879,011

allowing for the payment of
the floating debt.

1882.

—in other words,

in question.

deficit

t

$

1888.

1884.

Weatem lines

taxes, &c.,) not properly belonging to the year's accounts,

so that the actual deficit

1885.

Jan. 1 to April 1.
Gross earnings
10,872,886 9,988,596 11,003,893 11,830,952 10.592,381 10,129,133
Operat'g expenses. 7,347,941 7,008,424 7,308,327 7,567,773 7.022,675 5,964,942

Net

(back

of charges

was on account

deficit

1885,
only $26,769, but in all
the years preceding 1884 there had been a surplus.
Here
are the figures for both Eastern and Western lines for
six years.

Week eiuUng AprU

Into Banla.

30, 1886.

OutofBanJa. Net Change in

Sank

HoUUntit,

Banks* Interior Movement, as above
Sab-Treas. oper. and gold exports

»1 ,000,000

.

5,200,000

7,471,000

Gain.. 1700.000
Loss.. 2,271,000

Totol gold and legal tenders.

..

18.200,000

»7.77'.,000

Los8..tl.571,000

Barker of Philadelphia secured all the firsts ($1,000,000),
and rumor has been busy of course in discovering a reason
for the purchase, which now gives him and those he repre-

The Bank

tsoo.ooo

England lost £60,145 bulhon during the
week. This represents £45,000 received from abroad and
£105,145 sent to the interior. The Bank of France
gained
7,548,000 francs gold and 2,388,000 francs silver,
sents a large majority of that class of bonds.
Mr. Barker
and the Bank of Germany, since the last report, increased
is not friendly to Mr. Gowen, so it can hardly be claimed
The following indicates the amount of
863,000 marks.
that the purchase was in the Gowen interest, and though
bullion in the principal European backs this week and at
he

is

apparently opposed to the syndicate scheme, there

a general belief

is

of

the corresponding date last year.

sooner or later he will be found
working in harmony with their plans
for Mr. Barker
that

April 29, 1886.

AprU

aoid.

Silver.

Sold.

Silver.

*

M

a.

A

30, 1885.

;

would obviously be a bold man if he has invested so much
more money just for the purpose of keeping Reading in a
state of chaos.

Trunk

line

earnings, so far as reported, continue very

The returns

satisfactory.

for

March

and the Pennsylvania have come in

of both the Erie

week, and both
show considerable gains over the corresponding month of
the previous year.
The statement of the Erie is particularly

recording a gain of

good,

$155,218 in

net,

this

$224,698 in gross and

It

must not be supposed,

showed a decline a year
the

Pennsylvania,

then

1884

of

$306,727.
of
is

$151,509,

(when
In

21.402.462
^,878,247
52,137,848 44,824,802 42,126,946 42.526,216
18,166,359 16,109,791 12,734,100 15,563,900

Total this week ..-.
Total previous week

91,706,669 60,934,593 >1,739,293 58,090,lie
91.441,484 60,818.320 80,411,209 58,027,726

The Assay Office ] laid $240 ,967 thro Igh the S ub-Treasury for domestic bul lion durin g the wee! i, and the Assistant
Treasurer received tlle followi Qg from t le Custoin House
Ooninsung of—

the total of the net being $519,354 this

year, against $364,137 in 1885, an increase of over 40 per
cent.

Sank of England
Bank of France
Bank of Germany

the
fact,

ago,

as

either,

was

the

case

with

in reality there was a gain
making the gain over the year
results however
were very bad)

present

net

Dulie*.

that the road

for

the

Dau.

is

the

largest

any March since 1881.
Evidently the Erie road
doing well under Mr. King's management.
The

Apr. 23.

"
"

"
"

"

24
26
27.
28.
29.

Total

$230,888
457,673
416,809
446,120
310,074
286,156

26
77
10
24
14
64

$2,177,782 15

U.S.

Gold

Silver Oer-

Jfotet.

Oertiflc's.

Hficata.

$143,000
331,000
317,000
290,000
268,000
219,000

$31,000
72.000
52,000
95,000
23,000

$51,000
47,000
41,000
57,000
46,000
40,000

$28,000 $1,568,000

$203,000

$Z82,00O

$4,500
7,000
5,500
3,000
5,000
3,000

•20,000

Included in the above payments were $8,000 in silver
coin, chiefly standard dollars.

—
Ma-x

1,

THE CHRONICLE.

1886. J

531

able to bear such a tax; bat the figaret above give tu 10

BRITISH AMERICAN CATTLE COMPANIKS.

percent as the extreme rate of dividends in 188.5, and
do not
that reached by only one company, another having paid
appear to offer the same tempting returns as was the case the same rate but the time covering 13 months; of the
when such undertakings first became prominent at least other nine companies, one paid 7 per cent, one G, two 6,
they do not where prosecuted in the shape of stock com- one 4, and four paid nothing at all.
panies, and the results by them would seem to offer a fair
When the investment of foreign capital in this industry
criterion of the results of other investments of the same first began, and the outlook appeared brilliant, anxiety
British investments in

American

cattle- raising

—

class.

It is

somewhat

get accurate informa-

difficult to

regard to this subject, but the Dundee Advertiser of a recent date had an article on the same, based on

tion with

a compilation prepared by the well-known firm of stockbrokers, ^ressrs. Andrew Ogilvie & Company, of Dundee,

much

was expressed in some quarters lest the movement might
assume alarming proportions and the lands of the United
Slates pass into foreign ownership, reproducing or at least

suggesting an evil which has caused so

For obvious reasons

Ireland.

much

irritation in

that condition could not in

and valuable
any degree be reproduced here; but aside from that fact
and position of the lead- the above figures show how very slight ground for any
ing British American Cattle companies.
such apprehensions there need be, the laws of trade and
The growth of these companies extends over a compara- competition applying effective safeguards against any
tively short period of years, the oldest of them, the Prairie excessive or dangerous tendency.
As bearing upon the
which we are informed was same point also it may be well to remark that while the
Cattle Company of Edinburgh
the first of such associations formed in Great Britain
total herd of the eleven companies given, as already stated,
Scotland, which contains

interesting

matter as to the present standing

—

dating back only five years. At that time the inducements
to engage in such ventures must have been great, for we

is

head, the

only 672,013

United

total

States, according to

number

of cattle in the

an estimate made a year ago

notice that the dividends paid by the company named by Mr. Joseph Nimmo, is about 50 millions (49,417,782
amounted in 1883 to no less than 20| per cent, while now was Mr. Nimmo's figure), making it evident how far from
After that,
for two years only 10 per cent has been paid.
a formidable proportion of the whole foreign companies at
and
whereas
rapidly,
the present control.
very
were
formed
other companies
capital of the Prairie Company, as at present, is £585,822,
But perhaps it may be thought that the influences

that of the eleven companies in Messrs. Ogilvie's table

is

£3,947,089, besides which there are a few minor comIn other words, the joint stock
panies not reported on.

United States cattle represents over 20
The eleven companies in question have a
million dollars.
total herd of 672,013 head, and the lands owned and leased
capital invested in

by them amount

to 3,319,072 acres.

responsible for the diminution of profits are only tempor-

ary in character.
correct for

all

We

hardly think such a view would bo

The

or even the most of them.

President Cleveland in ordering the cattle

Indian Territory,

and

also

men

compelling the

action of

out of the

removal of

enclosures from public lands everywhere, so far as

its

Following are some

effect was to compel owners to sell their cattle and thus
of the leading particulars from Messrs. Ogilvie's compila- for the time being glutted the market was of course an
tion as relates to each of the eleven companies.
adverse factor wholly transient in nature, but really its
BRITISH-AMERICAN CATTLE COMPANIES.
influence in that way we presume was very slight.

A

much more important result of the President's action was
in obliging many owners to pay for their grass, instead of

Dividends,

Capital.

;$<>IM.

yet average
per luad

Dc6<n„,. Ordin'rv
Herd. yearsand pref«rr'd share
upwards.
capital.
stock.

1884.

effects

£

10

6

121.094

125,000,

10

164,289
Powder River
48,625 3101 3501 +100,000
36,4eu 30 Sb 35 15 «100,000
Western Land
13,50o| 28 33'32 22
Cattle Ranchc
105,600
Western Rancbes.,.; 18,050 ,37 8i;3213

172.050|

.

200,000'

6

6.

Teias
Matador
Hansford
Arkansas

7.

Pastoral

8.
9.

aicooo

10

Swan

10.

24 5l|2a97

20H

8.

6.

291,767
288,340

106,32-.!

94,441
j

S7,7»l 24 40|30 23
24,315 26 75|-28 15

200,000
•17,594

45,885| 27 72 33 09

1

;

|

11.

P.Ct. P.Ct. P.Ct.

294,055
461,660
240,000
300,000
209,740

2.

4.

124J812 24 5'; 33 75
123,480 36 62 45 27

£

ToUl

....i 1,6.32,584

1672,013^

9

10

12«

e

8
6

6

7

7
nU.
8
4

nU.
nlL

100,000
100,000
112,000

15
nil.

7b

5

S
nil.

lOA
nil.

4

2,314,505

10 per cent pref.
A. Di\l; 5 per cent pref.
dond for thirteen months.
B. Dividend of 7 per cent per annum,
spread over twenty-two montlis.
*

Loans.

t

These details are interesting in showing that much the
same forces must have been at work in all the companies

—that

is,

they

suffered

all

from a common cause.

fact of course is the great reduction in

dividends that

shown

two
all

years.

With two

to

have occurred during the

last

exceptions, dividends in 1885 were

smaller than in the previous year, and also smaller than

in.l883, compared with which year indeed the reduction
has been in almost every case very considerable.
The

and bearing in mind
In our
on the rates of money at leading cities a few weeks

rate of retvfrn

now

the character of
article

is

not at

all

though a minor one, that operated against the 1885 profits
was that the yield of calves was not up to that of the
previous year, only two companies having raised more, the
total brand of the eleven companies for 1885 being 116,319
If
against 126,500 for 1884, a decrease of 10,181 calves.
we would know the main reason however for the decline

we have only to look at the two columns
above showing the amount realized per head of steers in
Almost all the companies
1885, as compared with 1884.
show a decline in the selling price of the steers, and the
in dividends,

decline

much

is

as,

very heavy,

and

too,

amounting in some cases to as

over, nine dollars a head.

decline is so general suggests a common
The for all the companies, and this common

most noteworthy
is

it free,

that

far as

1885. 1884.

1. Prairie

causing an increase of expenses, and so
was the case we may suppose the adverse
Another influence,
more or less permanent.

obtaining

Itotol /or.t«<'rs3,„,.„

large,

the business, seems very low.

The

fact that the

depressing cause
cause no doubt

is

found in the circumstance that the large profits formerly
made in the business invited competition on a scale that

down prices and profits alike, one consequence of
the foreign investment in the industry thus being that our

has cut

people are getting cheaper beef.

observe that the unfavorable results
noted have been produced notwithstanding special inducements in some cases to make them otherwise. Thus the
It is interesting to

Manager and Ranch Superintendent
of

of the

per cent

MaUdor

are

on

net

the

ago we pointed out that at Kansas City the cost for discounting cattle paper ranged all the way from 10 to 18

each entitled to one-third
profits earned during the

per cent, which encourages the idea of heavy profits to

per cent per
1887, provided these profits are equal to 20
is put
premium
words
a
other
In
capital.
annum on the

the owners of the ranges or the business would not be

five

7

years ending November,

THE CHRONICLE.

532

[Vol. XLII.

were one of the causes of increase. We do not forget
that a year ago the March return recorded a large falling
only 7 per
off, but that was simply because the 1884 figures had been
not
do
circumstances
that
therefore
clear
It is
in 1883.
swelled to unusual proportions by the Coeur d'Alene gold
returns.
larger
favor
excitement, and that influence not existing in 1885 earnings
Hence the gain now
dropped back to their normal level.
Nevertheless, the Matador paid
and 8 per cent

on good management.

cent in 1885, 6 per cent in 1884,

HOW THE NORTHERN

PACIFIC IS DOING.

is not to be considered as merely a recovery of part of the
Canadian Pacific route previous year's loss, but may fairly be taken as indicating
to the Pacific and reports that rates on trans-Continental a natural growth of business.
One effect of the improved earnings is that notwithbusiness have again become demoralized, invest any figures
bearing on the Northern Pacific's current affairs with in- standing the increase in charges, the company shows a
There is a disposition in some quarters decidedly smaller deficit in meeting the same than in
creased interest.
In fact, the statement is very encouraging
to look upon the opening of the Canadian road as an event March, 1885.

The prospective opening

of the

fraught with serious consequences to the Northern Pacific, indeed in that respect. Thus the deficiency amounts to
but there seems to be very little ground for such opinion. only $97,273 this year, against as much as $232,740 last
The new road is likely to become a factor on through year. Kemembering that the deficit in February was
Pacific business, but that business (considering the in- $295,005, and in January $430,274, it will be understood
creased number of competitors sharing in it) is no longer that the change for the better is quite marked.
January,
of any great consequence, and, as regards the rates realit is hardly the most desirable kind of

ized on the same,
traffic to

have.

—not

It is the local business that is important

necessarily

carried short distances^ but supplied by local tributaries or

contiguous to the line of road, and which in most cases is
carried very long distances before finding a distributing

market

;

it is

this

kind of

system, and there the

traffic

new road

that
is

is

from

the

first

so far

removed from

recognized the need and

importance of an adequate system of branches, and thus

have occupied a good deal of territory to the great disadvantage of all future rivals, and in this way, in some
measure at least, protected their system against intru.
Mr. Villard understood full well
sion from new comers.
the benefits to result from such a policy, and as the
company at that time did not have the means to carry on
the work itself, the Oregon Trans-Contmental was organ,
But the
ized with that as one of the main ends in view.

new management has been no

much

greater than a year ago, as the following statement

of the figures in the

less alive in that particular,

two

by months,

years,

January.
NorOiern

show.

will

March.

Febritary.

Paciftc.

1886.

1885.

1888.

1885.

1886.

the support of the

the old one that competition, for a long time to come, is
Moreover, the Northern Pacific
out of the question.

people have

February and ilarch are never good months for this road,
though there is usually an improvement from month to
month, but that improvement this year has been very

1885,

$

t

Gross earnings
Operat*g expenses.

480,330
450,278

553,682
440,574

594,240
411.533

569,064
401,955

858,116
449,054

691,612
454,474

Net earnings...

30,052
460,326

113,008
382,524

182,708
477,713

168,009
443,625

409,062
506,835

237,188
469,878

Fixed charges
Snrplus

(If.97,27S fi/.282,740

(i/.430,274 «/.269,616 (i/.295,005 d.f.275,616

Adding the three months

together,

we

find that gross

earnings have increased 8117,000, and net $103,000, but
that

owing

deficit

for

to an increase of $148,000 in the charges the
1886 was somewhat larger than in 1885, or

$822,552, against $777,873.
years, but that is

The

large in both

deficit is

without significance,

since, as

said, it

is

It may be
and peculiar to the season of year.
asked, however, in what position that leaves the company
on the operations of the nine months of the fiscal year
beginning with the 1st of last July. To answer that

usual

and additional branches have been projected as needed, question, we present the following statement, giving the
some of which are even now in process of construction. results (as previously published by us) for the six months
As the need for branches has thus been so carefully looked ended December 31, for the three months ended March 31,
after, it is well to note that the reports about the condiand for the two periods combined.
tion of the crops in the district tributary to the system

are unusually flattering, both at the Oregon end and the

Minnesota end, making the promise for the business of
future months very bright.
Proof of the importance of the local

traffic is

afforded

by

6 mos. end. Dec.ai, 8 moa. iitdJichSl.l

Korflwrn

Total 9 months.

Pacific-

1885.

1

1884.

1886.

1883.

1

1885-88.

1884-85.

«
$
«
l!,748,270:6,627,7I9 1,933,6361,815.158 8.075,956 8,442,877
3,102,2S9'3,266,ir.0 l,310,8tS4 1.2H7,008|4,413,153 4,565,153

«

Gross earnings
Operating c-cpenses

'

i

j

3,640,981 3,359.5«9l K-21,8i2 518,153l4.36i,803 8,877,724
Net earnings
month of March,
S,010,0U 2.860.2831 1,444,374 l.«96,03S|l.4.54,385 3,058,311
Fixed charges
just issued. During the whole of that month the war between
+78,587
'630,9701 •899,2i«l +822,5531 +777,873! +191,682
...
Remainder....
the Trans-Continental roads was carried on with great bit• Surplus.
+ Deficiency.
terness, and though the Northern Pacific was not one of
Here we see that while net earnings for the nine months
had
meet
the
rate
to
the chief contestants, yet it
to San were nearly $400,000 greater than in the corresponding
Francisco by an equal rate to Portland. Notwithstanding period of the year preceding, owing to the increase in
these low rates, however, the March earnings this year charges the deficit is heavier than in that year, standing
But that is really a very
show an increase over those of the preceding year of at $191,582, against $78,587.
$166,504, and about $150,000 of the gain was in freight. satisfactory showing, all things considering. The remaining

the return of gross and net earnings for the

It

may be

claimed that the lower rates stimulated the

business and thus increased earnings.

But

if

the through

three

months cover a pretty good period

;

they succeeded

in the previous fiscal year in converting the deficit for the

margin of nine months into a small surplus, and though the deficit is
profit at the rates prevailing must have been very small, larger now should do the same again the present year.
and very likely was next to nothing, any gain in earnings
As to other operations of the company during the three
would be accompanied by an equally heavy increase in and nine months, there has been some reduction of the
expenses, whereas actually the expenses have fallen off, funded debt since the first of the year, owing to the operleaving the gain in net $171,924, which therefore would ation of the sinking funds, and the preferred stock has
seem to be pretty strong evidence that the increase was also undergone a further slight diminution. Here are the
traffic

was the source of

gain, then since the

but came from local figures at four different periods since a year ago the
T'robably large shipments of stock eastward of last January.

not brought about in that way,
business.

,

firsts

J

—

May
il

mount

688

Avr.l.\a» J'an.t.lDMi/ulyl.lHHS Jan. 1, 1880

Outatafutlng.

Osnerslflrat muriK*<*l>ondJ
Gftnora) second iiiurtKaiE« bonds...-

and Pond d'Ursllle DIT...
Dividend oertiaoaUM

Mo.

.

THE CHRONICLE.

l«8e.J

1.

..

I>lT.

Total funded debt
1st mortgajte bonds purohued for sinking fund

e

*

I

44.088.000

44,0«8,000

48,408,000

40,008,000

IS.flbT.OOO

18,807.000

18,807.000

0,878,000

B,4S8,M0

4.040,Sn

4,640,881

0,478,000
4,040,881

18.807,000
6,600,400
4,a«0,8>l

78,874,881

08,001,981

806,000

818,000

78,884.881; 7»,00B.881

08,166,881

4,880.008

4,178,173

78,940,881

73,904,891

QenonU

Remainder

480,000

880.000,

78,488,881

Annual Interest on same

4.866,000

4,848,080

Uatlroad Bloekt—
New York Oentral A Had. RIt.
Erie IV. Y. L. E. A W.)
LakeSbore A Mlob. Boutluini.
Mlohlgsn Oentral
OuaMO Rook Island A Paoifio
DUbou Oentral
OhiMAO A Northweatera, com
Ohloago MUw, A St. Panl, com

Delaware

I>aok.

Oentral of

A Western

1884.

1880.

1886.

iian*
18i«
»a>«

80>«

100%
23%

U'S

83
118>t

118>4

126

127

136

138%
106%

iia%

06%
70%

82%
118%
70%

. .

New Jeraejr

78%
64%

09
62 >a

8>%

106%

123%

Stf^a

«7%

JfereAamiMe
Ootton, MIddl'g Uplands. « ft
11^
1011 1«
B*lf
Wool, American XX
33*40
32»34
V ft
33*36
Iron, AiiKir. pig, No. l..f ton, 20 50921 50 18 00*18 50 18 00*10 80
Stfel rall.i iit inillH
33 00
27 00
34 50*36 00
Wlieut, No. 2 rod win.y busb
lOO^g
1 03>«9l 04 01 SOS
Com, West. lulx.No. 2 V bush. 61\962% 58 •58%
45%*47
Pork, mess
18 SO
V bbl.
13 00
10 26
Petroleum pipe Une oertlflc'a
98%
70%
73%
!

Preferred stock

SuppUos on band

The preferred
the stock

sales,

88,806,708

88,010,084

88.200,604

1,888.888

1,308,080

1,413,0B7

i.nTi,8e»

of courae,

stock,

proceeds of land

88,807,178

and

now outstanding

will

it

is

is

be seen that the total of

.

CLOBIKO PRICES OF aOVEBNHENT BECOBITUM tK

only $38,207,172, and that

months since January

in the fifteen

reduced out of the

1

1885, a reduction

1,

4f,

of over a million dollars has been eSected.

AprU.

X
126%

2

FINANCIAL REVIEW OF APRIL.
The month

of April

was excessively

dull at

all

the

Exchanges, and wheat, corn, cotton, provisions, petroleum
and stocks were all notable for their sluggish tone and

opt'n Our.,

1891, 1907,
coup. coup.

1

3
4

125''8

5

112% 12578
126%
112% 126%
126%
126%

if. 8.

1898,

reg.

reg.

8

9
10

April.

Ovir.,

1891, 1007,
enup. coup.

1808,
rtg.

rtg.

10

X....

20

186%
126%

21
22
23

..8...

6
7

1886.

Ai-BIL,

at,

24
25
26
27

100%

"udu

12^%
.

112%

..

.

i26% idi%

28

volume of business.
.8...
11
29
126>4
12
30....
126% 101%
The railroad strikes on the Missouri Pacific at East 13
126%
14
Shore
switchmen at 15
St. Louis, and among the Lake
126%
Open
112% Z26% xOO^g
112%
16
112% 126% 101%
BiKh
Chicago, had a bad effect in checking business and 17
126%
Low
112% 126 7g 100%
..S...
Clos
18
112% 126% 101%
capitalists
and
investors,
among
confidence
destroying
while the strikes on the Third Avenue Railroad, and at the
The following table will show the lowest, highest and
sugar refineries and other manufacturing establishments, closing prices of railway and miscellaneous stocks at the
also contributed to increase this distrust and to make all New York Stock
Exchange during the months of
parties careful about entering into engagements for new March and April.
relatively small

work requiring the employment of labor.
The money market had no special feature

BANOE OF STOCKS IN HABOH AHD AFBIL.
;

rates for

Oblo. Mil.

&

was sold in foreclosure April
The Virginia Midland Railroad was leased to the
26.
Richmond k Danville, and negotiations were pending for
retiring the Richmond & Danville debentures, and making
"Wabash

St.

Louis

a closer alliance

Terminal Company,

Do

Pacific

with the

Richmond

& West

Point

which caused a large advance

in all

the securities of these companies.

Chlo.

A

& St.

Low- High- Closing Low- HigK-

Paul.

Northwest.

Do

..

pref.

&

Rook Island
Chic.
Chlo. 8t. L. & Pittsb.
prefDo
Ohlo. St.P. Minn.<feO.
pref.
Do
CiD. Hamll. ,& Day ton
Cln. Ind.St. L. &Ch.
Cin. San. AClev
Ind.
Clev. Col. Cin.
Clev.
Pittsb., guar.
Col. &, Greenv., pref.
Col. Hock.Val. & Tol.
Del. l,aok. <fc West'm.
.

•12

32

39%
103%

3

6%

cSt

<fe

OS OB ABOCT MAT

1,

1884, 1885

AND 1886.

York City Sankt—
Loans and (uaoounta

1885.

1886.

iTeio

Bpeole
Circulation
Net deposlta
Ixjgal tenders
Legal reserve
Reserre beld

343,355,500 298,343,700 351,542,800
74,742,300
58,'215,30O 109,958,400
10,910,800
7,911,400
14,493,800
335,684,000 356,816,701' 375,197,800
28,1'.J5,500
32,388,200 32,380,700
83.921,000 89,204,175 93,799,450
86,340,800 142,346,60* 107,123,000

„

Surplus reserve

$

Uotieu, Exchange, Silver—

Callloans
Prime paper, sixty days
Silver in Ix>ndon, per oz
Prime sterling bills, 60 days.
United Slates Boiuls
38, registered, option U. 8 ...
68, currency, 1898

—

4iss, 18<J1,
JK of 1907,

coupon
coupon

2,419,800

233
434>«
50l3i(,d.

4 88

53,142,425

1«1I<
3>s®4>a
50d.

I86I4

&

Lake Erie &
LakeSbore
Long Island
Louisville

12%
86%
92

41%

& Chlo

75

®3

Mtelilgan Central
Milw.
8h. & West.

30

pref.

"5S

.

U

Do

Do
Mo. Kans.

<b St. L..

19%

pref.

*48
28 %

& Texas

100 2i
136

102%
134

101
135

113^
123%

112»8

112%

Mobile A Ohio
Morris A Essex

I2r^

126>4

-"Frloes bid.

9
13
10
143
li55

13

11

34

*27

41%

39
101

142
160

135% 131%
89% 85%
121

118

29%
37%

31

42%

t32

38%

100% 104% 101%
117

79%

80
35

18% •is"
55
47%
43% 39%
9
11%
18% 14
13% 10

109% 105%
140% *135%
127% 125
10% 11% '10%

2%

3%
6%

"2%
6%

125

84

1%

. .

80

213% 220
25
138

31

7

7

'26

8%
79%
88%
33%

•3%

so"

"s'e"

'80%

28

5%

32
125
18
33

64%
33
60%
16%

40%
25%

12%

12%

88%
94%
43%

82%
90%
39%

38

\

Prioos asked.

33

5129% 5128%

21%
37%
75

40
68

20%
49%
29%~

111

11

78%
89%
34%
33%
126

17%
21

67%
66%
17%
43

28%

19

13% 11%
83% 78%
5-9%
40% 34%
39% •33
93

129
19
32

54
83

12

22%
49-«

29%
107

13%

138% 142

t Rx-.tlvldead.

21%

26

40

17%
42%
23%

•07

5%

b9%

68

10

10%

28

62%

5106% 102%
*12

1%

5%

142% 139% 137% 140%
•99
100
99
99% 100
21% 28% 24% 21% 26%

109% 5100%
14% 14%
*11
136% 139%

Missouri Paoltio

3

3%

26

ANashv..

MloneapoUs

142

13

47%
38%

10

13,323,550

46»i8
4 87>8

143
160

11%
17%
13%

12
17

13%
10% 10
213% 213% 215

127 %

3>s35

14

49
41

63%
37%

12%

Manhattan, cousol.
If anhattan Beach Co
Memphis A Cba'ston

2

57%
43%
11%
19%

66%
40%
•12
19

7%
•97

70%
66% "64%
41% 37%

23''8

*217

.

20

104%
97
105% 105%

S%

pref
West....

Loulsv. N. A.

67%
44%
14%

8%

100

20

Moines

De.^

96
70

99
70

144
86

79

&W

Do

7%

......

St. P.

132
it. Tex. Cent..
4140
Central
L'sed Line4p.o
27
Indiana Bl.

Keok.

85%

-s

Otot'g

Apr. 30.

21
81

Illinois

Do

143

9%

est.

5
16
78

Houst.

1884.

144
93

ett.

*53%

.

STATIBTICAL SlTUMABr

Mar. 31.

47%
47% 46% 54
43% 55
151
151
150
152
52
43
42
42
35
29
38% 32% 29
35% 27
122% 133% 128% 5123% 5128% 5123%
127
15
16% 16
15
16%
22
25
21% 24% 22
60% 61% 60%
67
66

&

Green B. Wln.&
Harlem

9%

26%
35%
79
34

firm, and a very limited
was
exported
during
the month.
amount
Denver & K. Grande
Do assiu't paid..
The following summary shows the condition of the New Dubuque
& Sioux C
Ga.
York City Clearing-Hoase banks, rates of foreign exchange East Tenu. Va. &pref.
DO
and prices of leading securities and articles of merchan- Eliza. Lex. & BigS..
EvansvlUe
T. H...
Denv. C.
Ft. Worth
dise, about the 1st of May, 1884, 1885 and 1886.

of gold

t»l.

137% 133'4 131
93=8 588%
85%
gi'^R
5S57a
'123% §118% 125 5119% 118
103% 104% 110% 107% 105%
141% §135% 142 •5138% 137%
125
129% 51241s 130 5126

pref.

&

Foreign exchange was dull "and

— April.

ifarcA.

Closing

advanced slightly at one time, but afterwards
Feb. 27.
est.
RAILBOADS.
Albany &8usiiueli'a. 143
137%
weakened and were quoted at 1-J@3 per cent.
90=8
Atchison Top.& 8. Fe
7''8
Atlantic & Pacitlc...
7%
The Stock Exchange markets were remarkably dull, Bo8t.& N.Y.Air L. pf.
97
Burl. Cedar K. & No. "70
66
as above stated, and prices generally tended towards Canadian Pacitlc
63% 63%
Canada Southern
43% 36^
lower figures. There was little to create any interest in Cedar FiiUs & Minn.
14
12%
•17
13
Central lowii
sustained,
taking
into
considwere
well
stocks, and prices
Central of N. Jersey.
54% 46%
S8
Central Pacitio
42%
There
against
the
market.
circumstances
all
the
eration
•10%
10
Ches & Ohio
*19
14%
Do
1 St pref
were some important combinations made, among which
10%
Do
2d pref. *13%
142
140
the most notable was the absorption of the Gulf Colorado Ohloago & Alton
154
pref. *155
Do
& Santa Fe by the Atchison Topeka & Santa Fe. The Chic. Burl. * Quincy. 137% 129%
call loans

127

•j£"

62%
•44

76%
17%
43

23%
103
•11

2

..

THE CHRONICLE.

534
-March.
Closing

Railroads.

A

Nasliv. Chatt.

Feb. 27.
*17
8t. L.

Do

el's

37 %

*)8%

1713

20ie

'is'ia'

7 14

6 ^4

8%

•7
2178
IOI4
281a
2514

27%

.

Do

21%

pref...

& Western..

Norfolk

Do

pref...
Uorthem Paolflo
pref.
Do

Do

Borne Water. & Ogd..
8t. L. Alton & T. H..
pref.
pref.

Ist pref. •10214

ADuluth

Do

4118
pref.

Paul Minn. & Man
BclotoValley
South Carolina RR
Southern Pa( iflo Co
Texas &Faciflo
Union Pacidc
Virginia Jlidland
Bt.

Wab.

St. L.

Do

23i«

•108
118

22

S2>a

2778

22%

22

1121a

1214

49

pref.

IS-'e

& Mer. Tel.

7319

14%

22
31
25
20 >3
2OI4
26
150
IIG
163

32I3

5

'314

IS

I214

47%

16

16

Ilia

1713

21

35

35

20
44 14

2^

11713

New Central

13%

12

Coal...
Ontario Silver Min..
•6I9

Min

I5I4

19

35

40

40

2ifl

....

219

115
tt7»8

148

145
108

I45I4

14S

105
63
120

65
125

"6218

«118

16%
24%

17ia
2713

'lOia
*10ia

6I3

22
38

•4 .
•2014

2218

50

42

'62
*120

I4I4

16%
2568

23
181a
978

23
19
10

11
29

29

181a

12
1313

21
11

63

^144
1061a *105

21%

^26

23

GOLD AND SILVER— COIN AND BULLION.
1386. -E.xport8— Gold— Uom. .

$8,697,173 $l4,7»5,2.il
Foreign
1,223,53
3,3-51,513
Total
$9,920,761 $18,156,744
Silver— Dom
$1,481,434
$5,107,050
Foreign.
863,155
2,!36.932
Total
$2,344,539
$7,244,002
Total exports
$12,265,350 $23,400,748
$340,337
Imports— Gold
$3,532,562
Silver
1,760,376
3,930,024
Total
$^,600,713
$7,462,586
Excess of exports over imports $9,664,637 $17,938,160
Excess of imports over exports
1835.— Exports— Gold— Dom.
$192,199
$453,936
640,883
3,461,300
Foreign
$833,08^
$3,915,2a6
Total....
Silver- Dom
$1,792,262
$5,343,743
1,326,57"
Foreign
2,511,205
Total
$3,113,839
$7,854,948
Total exports
$3,951,921 111,770,184
Imports— Gold
$1,756,597
$5,719,435
Silver
1,835.906
3.933,055
Total
$3,39Z,3U3
$9,632,540
ExoesA of exports over imports
$359,418
$2,117,614
Excess of imports over exports

40

7%
49%
•61a
I6I4

^OH

621s

61a

•22

pref.

411a
I214

52
30

115

119

23
17
11
10

§112%

48
21
7

567

124

2318

38%

"ii"

73>a

66
124

Homestake Mining..
Maryland Coal

9lB

2H

IO614

14%

•18

58
1121a •109

714

35
115

25

36
189
'99

103
67

33%

•17

6i

& Iron
Consolidatiun Coal..

•313

5314

9413

38%

38 14

13
5lie

'.il.

|

.

28I3

10%

*65

Colorado Coal

161

•ios"
"

51I3
S2i4
6618
lllia •1071a 109
11858
5112

105^ 104%

Cameron Coal

14%
2078

41%

101

3314

145

55
"2118

146

"65

181a

101

March

$20,3S8,*J5
.5,270,290

i

271a
23 »8

20 13

"

42%

1

'31.

$i9,994,732 $181,795,305 $72S, 151,984
Foreign
1,403.484
4,075.h67
15,6 3 9,029
Total
$51,39a,-.6b $183,871,2 >2i$7 13,79 1,013
Imports
52,976,345 13 7,223,149 59P,202,f:55
Excess of exports over imports
$l8,6i6,123|$147,583,353
Excess of imports over exports
1,578,079

6I3

19
10

"2718

3II3

36
92

45
103 13

For the 12
end cit\ Month s e}ulcd

the 3

March

1383.—Exports— Domestic

"le"

41a

"30

148

& Hud. Canal.
N. Y. Texas Land Co

113

2414
1713

106

Adams

Del.

58%

118

2118

7713
2713

United States
Wells, Fargo & Co....
Coal and Miniso.

Do

261a

M614I3

American

Tenn, Coal & Iron...
Variods.
Canton Company....
Consolidated Gas Co.

1078

30%

26^8

11
4414

56278

54
33 18

22

30 14

30
115

6II3
3713

5

15
9

•2 la

Co..

2314

80
36

21I3

105%

26%

23

2713
2313
54^8

94

97%
40%

12
li'6ia

7%

19
9

31

51a

16
1061a

181a

61a

441a

For

Monthft

March.

210

I214

9^

Quicksilver

33%

24I4

31
130
140
163

91a

& Pacific.

Commercial Tel.
Mexican Tel. Co
Western Union
Express.

1514

26

13ifl

Telkoraph.
American Dist. Tel..
Bankers'

54
209
16

56

2
£Cia
1714

l^a

22

•

Francisco.

Do
Do

10 14

22
25
»20%
16
24»8
23
148
140
161
*5
5
75
30
34%
4
*3>a
•29
25
*40
39
•90
94
•21:3
IS
42
•451a

Blchmou(l& West Ft.
Eoohester & Pittsb..

8.

53 la

27
60

17^

Bensselaer <& Sar
Bloh.&Al.st'k, tr. ct.
Klchmond & Dauvllle

&

29%

*20
31 14

special

Do

23%

2.5 "s

l^s

Peo. Decat. iE'vUle.
PhUa. & Reading....
Pitt«b.Ft.W.&C.gnar

tiOia

34 14

*3

*24i4

.

64
3778

29
58

Ohio Central
Ohio & Mississippi...
Ohio Southern
Oregon Short Line
Oregon & Trana-Con.

28%

20^4
8

773

23 18

211

210

26H8

26I9

For the

mon'h of

471a

12
105

107

'

103% 100%

513

7=8

18%

pref.

.

Bt.P.

SM

419

[Vol. XLII.

Low- High- Olos'g
est. Apr. 30
est.
4314
100>a

*4ft

S10238

& New Engl'd.

N.Y.N.H. AHartfrd
N.Y. Ontario*; W...
N Y. Susq. & West

Bt. L.

49
107

12 19
10418
23»8
57
301a

A)o

H. Y.

est.

8 "4

*18

pref.

& West
Y. Lake Erie & W.

». Y. Lack.

-April.

.

High.' Closing
Mat: 31.
ell.

Loic-

46
105 'a §9388

N. Y. Cent. & Hud. K.
N. Y.Clilc. & St.Louis.
N.

1

..

.

1578
22I4

$25,6.58,745

$18,134,375
14,533,221
$32,669,596
$58,328,311
$31,458,338
17,769,687
$39,228,075
$19,100,236

$22,816,072
6,258,352
$29,074,424
$19,098,518
11,5S1,U63
$30,660,481
.$59,734,905

$31,326,224
16,194,868
$48,02 l,09i
$11,713,813

TOTAL MERCHANDISE AND COIN AND BULLION.
1886.— Exports— Domestic

$62,053,321
Foreign
3,302,337
Total
5^5,955,658
Imports
62,638,340
Excess of exports over imports $3,317,318
Excess of imports over exports
1885,— Exports— Domestic ... $51,979,24?
Foreign
3,370,944
Total
$55.35U,lB7
Imports
56,568,848
Excess of exports over imports $..
Excess of imports over exports
1,218,6(51

The following statement has

$180,124,911 $1390,543,661
8,854,199
33,741, .570
$183,979,140 $724,285,231
171,597,732 634,006,745
$17,331,4U« $70,273,486

$187,592,984 $770,066,574
10,048,472
33.459,344
$197,641,456 $803,525,918
146,877. Han 644,223,747
$5y,7o3,767|$ 159,302,171

also been issued, showing,

by

principal customs districts,

the values of merchandise imported into, and exported from, the United States during the
month of March, 1886, and during the nine months ended with
March in both 1886 and 1885; also the total stock of goods
remaining in the United States warehouses at the end of the

III4

'22"
461a

period.
5913

109 14
5102

106%
9314

5978
1101a
1061a

llOifi

93

96%

101%

155

Oregon Iraprov. Co

23ia
§9318

Oreg'n R'y & Nav.Co. 103
Pacific Mail
51^8
49
Pullman Palace Car. 133ia 129
• Prices bid.
I Prices asked.

23%

3113

104

§9778
5II3

53I4

134
§

132

201a

95

51%
131

94i«

11018
1021a

97

180
23=8

101 '8
P8I4

133

9714

Customs Districts AND
Forts.

51%

Ex-dividend.

1886.
}

monttis endiru]

March
Imports.

Exports.

1886.

81.

9 montlis ending
Marcli 31.

1885.

1886.

t

t

1885.

I

132

bankers' STBRLINO EXCHANOB (posted bates) fop. APRIL, 1886.

March,

i

Baltimore.Md.
Itangor, Me...
Beaufort,

S. C.

i
1,278.948, 3.304,293
69,871
38,884

t
8,!32.!7S

4,017,128

79,448
93.938
88,121
11.380
45.230

I

1,828,125

36,508

8,790,287
608,835
32.612

145,2H3
664,065

t
36,832,435
133.706
510,939

41,385,285

37,772,468

3,404,983

47,236,964

381.941
8.365
4,758.285
197.011
1,848.540
B00,as2
7,870.203
738,401

236,675

651.968
912,027
262,962
189,257

66(5,137

Boston &ChiirApril.
1....
2....
3....
4....
6....
6....
?....
8....
9....

10....
11....
12....

60

De-

days.

mand.

4 87
4 87

4 89
4 89
4 89

4 87
8.

86i«-7

3313-9

4 89
4 89

4 87
4 87

4 87
4 87
4 87

4 89
4 89
4 89
8.

4 87

4 89

April.

60

De-

days.

mand.

April.

13....
14....
15....
16....
17....
18....
19....

43713

43913
43912
43913

25....
26....
27....
23....
29....
30....

4 871a

4 871a
43713

4 89>a

4 8713
8-

4 8712

4 891a

De-

days.

mand.

Brazos de Santiago. Texas.
Brunswick.Ga.

4 8913

C'peVlnot.NY

BuffaloCll.N.Y

8.

43713
43713

43913

Chainpl'n,N.Y

4 871a

4 89>3

4 871a

43913
43913

Chicago. 111....
Corp'8Crls.,Ti

4 871a

439111

20...-.

iSTi

4

21....
22....
23....
24....

4 871a
43713
43713
43713

43913
43913
4R913
439I3

lest'n, Mass..

60

8S)i3

Range
High 43713
Low. 4 8613

4 891a

43313

Charlest'n, S.C

Cuyahoga, O..
Detroit, Mich.
Duluth, Minn.
Galve8t'n,Tex
Gpnnesse, N.Y
Huron, Mich..
Key West, B'la.
Miami, O
Mllw'kee.Wis.
Minn's'a.MiDD
Mobile, Ala...

New Haven, Ct
New Orl'ns.La

/J/P OB TS AND EXP OR TS FOB

MARCH AND t OR

THE THREE AND TWELVE MONTHS ENDING WITH MABCH IN 1886 AND 1885.
The Bureau of Statistics has issued its detailed statement
of the foreign commerce of the country for the month of
March, and the three and twelve months ended with March 31,
as follows

NewYorli.N.Y
Niagara, N.Y..
Norfolk, Va...
Oregon. Greg.

Oswega'le.N.Y
Oswego, N.Y..
Paso del N.,Tx
anrt N. M....

Passam'dyjMe
PensacoIa.FIji.

P'rth Amb.NJ
Phlladela, Pa.
Portland. Me..

PugetS'd.W'n

MERCUANDISB.
For

the

month of
March.

For the 3
For the 1
Months ended IfojiMs eyuied
March 31.
March 31.

$52,474,709 $160,222,660 $652,020,361
1,21.5,599
3,355.734
13,936,059
$33.690,3<i8 $163,678,391 $665,956,920
Total
Import*
60,037,627 164,135.146 614,778,670
Excess of exports over imports
$51,178,280
Excess of Imports over exports
556,752
6,317,319

Foreign

U6

222,614
'8».b28
47,948
»)4,333

"3,'828
36.849
77,217
2.122
19.885
1.020,289

2,274

203,387
208,408
82.628
173
3.313.302
821,424
15,139

2,U5
80.762
3,498,001

Savannah, Ga,
Vermont, Vt.

61,477
452.991
29,271
4.498

Willainette,Or
Wllml'g'n. Cal
Wilml'g'n, N.C

.

1,530,408
i'04

111,328

387,86d
2*0,994
93Y,8()7

559.589
33,177
2,393

1,774.420
118,8b8
640,779
729.540
2,093,717

10,8'-

871.379
963.426
1.850.569
4511,776

169.682
509.H'

73,800
397.479
6,418

1,192
4,200,384
233.r.2
1,828,257
876.249
7,9»5.143
507.081
499,522
1,501.536

824,564
45.868
191,052

53,095
332,856
809,408
16.293
227.06
1

1,094,151
15,0 1.5,76
1,379.844
721,789
195,257
3,11.5.321

1,578,786
16.448,250

286,772
6.014,926

286.719
45,978
19.000
723,081
2,214.737
63.006

6.140.96'
65.6.33,(105
7,481.(104
«.19.J,861
39.181.18(1 23,214,084 313,584,033 28.S.741,714 234.072,175
43.0,17
3.010.343
213,900
510
2.333,692

Va

Yorktown, Va.

1886.— Exports— Domestic

64,

Salurla. Tex..
San Fran., Cal.

Klchraond,

:

73,786
123
540,899
12,899
187,316
24,223
838,619
92,897

8,581

20,552

1 18.030
140,069
l,59i,486
4,343,383

127,503
112.4
1.439,225
4,613,6«2

8.685,041
1,209.337

2,121

1,S21,29<)

743.485

66,606
272.655
58.375
8.044.462
231,51)

399.795
119,686
13,406
25.797.171
1,140,882
660.947
18,313

S97.4M

44,143
336.381
1,544.023

512.832
90.756
125,078

14(!,688

21.335
1.3.024

3.517,886
1,946.888
124,652
627.004

211,055
277,916

45.304
151.864
20,908,252
74H.8B5
176.727
16,218
283.8."l.-<
109.232
26,786.7(17 25,669.957
525.052
411.343
4.069.092
4,447,877
263,273
276,666
les.oso
144,058
102.675
189.^29
1131,259
78,696

1.18(1.280

1,115,599

137..588

25.101,644
2.526.842
1.647.802
2.341.034
103.052
23.203.392

676.329
1,119,071

822,169
187,560
999,660
18.538,600
1,783,338

893,479
351,581
4,484.908
1,082,513
12,023,312
474.470
1,864.262
249.036
719.923
98,216
1,293,613
2,781,784
73,098
69,748,911
260,639.748
59.083
14,182.588
1,874.565
2.344.S64
1,014,648
287,247
867.652
1,460.868
68,386
27,733,719
8,245.357
2.252.292
2,522.583
347.302
80,414.002

19.434.2461 20,3,'»<.363
1.045.8011
1 ,046.073
8,45l'.574
4,561.674i

1,8S7,001|

812,673
4,06:.81W
8,945.05J

2,418,176;

7,043.890

167.6(<6

8,805.575

All other cus-

toms districts
and ports..
Totals

190,708

6,530,381

5,194.669

160,037,627 58,690,308 470,981,670 433,730,329 516,492.350 591,7^5.185

Remaining In warciouse March 31, 1888
Kemalulng in warehouse March 31, 1885

f28,360,786
$29,347,493

.

May

THE CHRONICLE

1886,]

1,

BATES OF EXCUANaE AT LONDON AND ON LONDOS
AT LATEST DATES.
mXCBANeS AT LONDON- Apr.

10.

ItaU.

Tin\4.

AlBBt ordain. 3 inofl. 12-2i>e aiZ-S
AiustttnlHiu. SlgUt. 12 1
«12'l!^

HaniburK..

MZOHANOM ON LONDON.
LattMt

On-

.

\i

luoe. iOii.

•20•.^7

20.M

92057

Berlin.......

Frankfort...

»•

!»'J0d7
l2-72'«<» 12-75

iO-.'il

DaU.

Timt.

Apr. 15 Short.

'•

13 Short.
15

15

**

.

Uslion
Alexandria

.4

"
"
CODBtant'ple
Bonil>ay .... Oem'd
••
Calcutta
New York... ....
Honj? Kong.
....
BbaoKhal....

52^i»52>a
Is. 5 'ad.
Is. 5Tsd.

—

1208

....

Apr.
Apr.
Apr.
Apr.
Apr.

15
11
12-72i«»12-75
15
....
Trieste
**
25-3(!'4ai2511i4
15
Short.
Ai.r.
Antwerp ..
<•
Apr. 15 3 luos.
Bt. Petersb'/f
a35Ha23>s
Paris
Short. 25-12'sa2517>« Apr. 18 Checks.
....
Paris
3 iuo». 25-32 '«»25-37i«
25-4614 925-50
....
Genoa
«.
Apr. 15 3 mos.
Madrid
iS'ea^^
1*
45 •'e a 15%
....
Cadiz

Vienna

Sou.

• -...

Apr.
Apr.
Apr.
Apr.
.Vpr.

Apr

....
....

16 3 mos.
16 rel. t'rs
16
16 80 day 8
16 4 mos.
**
16

*•

•

20-13
20-43
20- J 3

1261

building duty on cottages of a rental under £H, which will co«t
£16,000, and benefit some 60,000 persons. It U patisfactory to
know that no fresh burdens are proposed. Coni-idering the
state of trade during the past twelve months, it is not surprise
ing that the revenue should not have exhibited signs of elasticity.
It was expected that the financial year would yield
£90,790,000, whereas the total receipts only amounted to
£89,681,501, or £1,208,699 short of the estimate. The expenditure was £92,223,844 against an estimate of £93,017,171, or
£1,893,327 les«. The difference of £184,028 goes to reduce the
deficit of £2,827,171

and the actual

,

25-19

23\
2t>H

46-50

•

-•

11081
Is. 52:':,2l.
Is. 6-':i,,.jri.

4-86%
38. 3''8d.
48. 738d.

rFrom oar own correspondent.]

London, Saturday, April 17, 1888.
Judged both commercially and financially, the past week
has been entirely devoid of any striking event. The Stock
Exchange, which may be accepted as, to some extent at least,
the pulse of public opinion, has failed to give any indication
of activity. There, as in other quarters, a cautious feeling
has been apparent, a disinclination to discount the uncertain
future being pretty clearly pronounced. In spite of northeasterly winds, the weather, taken as a whole, has been favor-

535

anticipated by Sir Michael Hicks-Beach,
year is therefore £-3,fl43,.5i8. The

deficit for the

sources of revenue which have suffered most have been the
excise and customs, the former losing £890,000. Some yean
ago it used to be asserted as a reproach that we were drinking
ourselves out of the national debt; but it is very clear that of
recent years we have been becoming much more sober as a
nation.

Ten years ago the

for 1885-86 the receipts

excise yielded £31,209,000, while

were only

£i46,830,000, or, allowing for
the increase in the population, the return per head is now
148. 9d., against 19s. Id.
This is satisfactory, as the money
thus saved is more profitably employed in other channels.
During the past decade the savings banks' deposits have risen

from £67,575,000 to £97,806,000, or from £3 Is. 3d. to £2 13s.
head of the population. This goes to controvert the
assertion that the spending power of the community is diminishing. In making his statement, the Chancellor of the
Exchequer adopted an optimist view, which is not general!/
6d. per

accepted outside of official circles, particularly as we are
threatened with an issue of £50,000,000 of consols in the
doubtful event of Mr. Gladstone's land scheme being carried*
This would mean an extra annual addition of £1,500,000 to
imperial liability, and which no doubt in the long run the

able to the agricultural prospect, and we have at the same
long-suffering British taxpayer would have to meet. The
time had a cheap money market.
But political influences have been paramount. It is not the present moment is certainly not opportune to increase the
Eastern question which this time has been agitating the burdens of the nation, although the cheapness of money
masses, but the character of the future relations between would facilitate the operation.
The Chancellor of the Exchequer estimates the revenue for
Great Britain and Ireland, and it is not surprising that the
radical changes proposed have been productive of considerable 1886-87 at £89,885,000, or £303,000 more than last year, and
anxiety. A disturbance of home political affairs means a dis- the expenditure at £90,428,499, leaving a deficit of £559,499,
turbance of internal trade, preventing also our taking full to meet which it is proposed to suspend the new sinking fund
advantage of any improvement which may occur in the export of £613,000 and the sinking fund of 1881 of £205,000, both
or foreign trade. In fact, until the affair is decided one way now applicable to purchase of stock in the open market.
or the other, commercial operations will be partially paralyzed. This will convert the deficit of £559,499 into a surplus of
Trade will be restricted to hand-to-mouth dealings, with no £258,000. In framing his estimates, however, Sir William
inducement for that enterprising speculative spirit which Harcourt seems to have been rather sanguine in the matter of
excise, which, notwithstanding its declining tendency, he
infuses life into general business.
It is singular how trade has almost constantly suffered expects to yield about a quarter of a million more than last
during the past twelve months or so from political pressure; year. Why it should do so in the present state of trade it ia
and in fact it is a little curious that no sooner has one diffi- difficult to conceive. The present amount of the national
culty been in a fair way of being surmounted than another debt is £710,000,000, and it will be reduced during the current
has sprung up in its place. We have passed through the financial year by £5,958,000. The items of expenditure for
throes of a threatened convulsion with Russia, and have had 1886-87 are given as follows: Consolidated fund, £30,039,917;
to view the irrepressible Eastern question from a variety of army, £18,333,300; navy, £13,993,000; civil service, £18,008,standpoints more or less hostile. We have had to await 691; customs and inland revenue, £3,753,000; post-office,
patiently the subsidence of the usual excitement attending a £5,318,995; telegraphs, £1,845,510; and packet service, £735,general election, and having overcome that we are now 663; total, £90,428,599. The gross revenue is estimated as folbrought face to face with the Irish question in a more aggra- lows: Customs, £19,700,000; excise, £35,710,000; stamps, £11,vated form than it has hitherto been presented to us. When 365,000; house duty, £1,880,000; property and income tax,
all

these things, and the uncertainty as to their ultimate
have to be considered, there can surely be no surprise

£15,755,000;

post-office,

£8,270,000;

telegraphs,

£1,730,000;

on advances, £1,165,000; and

effects,

Crown

that merchants are excessively conservative, with no spirit of
anywhere observable. Ic is then of prime necessity
that the political future should be much clearer before the

miscellaneous, £2,900,000; total, £89,885,000.
Somewhat more steadiness has prevailed in the money
market. This is not due to any increase in the commercial
demand, but is the result mainly of a diminution in the vol-

enterprise

cautious feeling

is

relaxed.

Eliminating political influences, there is no reason why
trade should not gradually assume a more cheerful aspect.
Money is cheap, credit is apparently sound, the agricultural
prospect is perhaps a shade brighter than it was, and all the
necessaries of life can be had on easy terms. But one important item is still required, and that is confldence. When will
confidence be restored, is a question asked with painful iteration in commercial circles just as frequently and almost as
gloomily as was the case a year ago, and notwithstanding the
more hopeful tone of American advices, it ifl quite as difficult
as it has been for the year past to hazard an opinion when a
permanent restoration will be effected.
Sir William Harcourt's budget is a very simple, plain affair.
With the materials to his hand it would have been impossible
to frame any startling proposals. Practically taxation remains
unaltered, the only concession being the abolition of the 4s.

lands, £370,000; interest

of floating balances. The market is apparently being
brought into a sounder condition, and should there be any
revival of the commercial inquiry, it would not be long before
some movement in the Bank rate would be necessary. But
judging from present indications, any hardening process promThis week's Bank of England return
ises to be very gradual.
shows that the aggregate deposits held have been reduced

ume

£1,264,000, proving that there is less money floating about,
but against this the Bank has been repaid loans to the extent

of £1,328,000. The loss in bullion is £308,000, the present supply being £31,713,694 or £3,850,000 less than a year ago. The
reserve, which now amounts to £12,715,989, is nearly £4,000,000
It is clear, therefore, that there is not
less than last year.
to draw upon before the resources of the Bank
would be weakened to such an extent as would render aa
advance in the rate imparative.

much margin

.

:

;

:

THE CHRONICLE.

536

[Vol,

XLU.

Northwest Lancashire, Lincolnshire, Northamptonshire, and
other districts, and it was resolved to take steps to secure the
Open market rates.
immediate co-operation of all iron-making districts, and es/or deposits hy
pecially to obtain from every firm owning blast furnaces an
1
Trade Bills.
Bank BUls.
IHsc^t WS6
undertaking not to increase the make for a period of three
Three
Four
Six
mock At 7tol
Three
Tour
six
months, pending negotiations now contemplated.
Months Months Months Months Month, Months Baniis. Call. Davt.
The grain trade throughout the week has been entirely des1«32~
IK-IM
Mar. 12
iS®~ 1«®
2~@,m 2X®3
" 19 2 IM®- 1J<® - 2 a - 1J«32
I>i-1H titute of interest; operations have been about as contracted
2H9214 2«®8
"
1K-1>< as they possibly could be.
28 2 l>i®- 1«®- 2 ®- 1H®2 2 ®2« 2M®3
Nothing has been done beyond
1><-1M
Apr. 2 2 m% - mm - m® - 1H»2 2 @2« 2HS®3
supplying current requirements, there being nothing passing
"
lU-lM
9 2
i>i®
1«®
1«*2M 2 ®2i4
1J«®
" 18 2
in the way of speculation.
"Wheat has been a shade easier,
1«® - 3 ® - 1«®2M 2 ®2>4 2M®2«
say about 6d. per qr., and has finished up with a dull appearThe following retarn shows the position of the Bank of
ance. The weekly average price is again drooping. At the
England, the Bank rate of .di-icount, the price of consols, the
close of March it was 30s. 9d., but for the week ended April
price of middling upland cotton and wheat, and the Bankers'
10 only 30s. 4d. per qr. This clearly ^exemplifies the difficulty
Clearing House return, compired with the three previous
experienced in maintaining any improvement; certainly the
years
current quotation is Is. 4d. per qr. higher than for the first
week in March, but it is BtUl a long way from a remunera.
1883.
1884.
1885.
1886.
tive point, and the average for the season continues 38. per qr.
£
Circulation, excluding 7-day and
£
£
£
other bills
24,747,755 24,623,770 25,513,320 25,706,040
below what was considered the bankrupt level of last sea6,099,3n
Public deposits
6,086,561
7,980,980
7,006,488
son, namely 30s. 5d., against 33. 5d. per qr. Neither are there
Other deposits
22.900,595 26,846,023 25,036,896 22,975,836
any indications of an early change in the trade taking place.
Government securities
14,583,498 14,402,165 12,436,202 14,834,917
Other securities
20,459,673 21,396,021 22,032,307 22,182,240
Statistically there is nothing new to notice.
Imports have
Reserve of notes and coin
12,715,939 16,698,611 15,373,022 11,302,765
fallen off somewhat, yet the aggregate for the season is in
Coin and bullion
21,713,694 26,572,281 26.136,342 21,258,805

The

rates for

money have been

as follows

:

~

mm

:

,

Reserve to

Bank

42-25

liabilities

rate

Consols
English wheat, average price
Middling Upland cotton
No. 40 mule twist
Clearing-House return

The Bank

48 p.

c,

47?4 p. c.

37^^2 p. c.

2 P.O.
lOOHd.

3«p.c.

2H p. c.

Sp.c.

ma

102!.^d.

102Hd.
423. Id.

SOS. 4d.

S3s. 3d.

878. 9d,

4 ll-16d.

55«d.

5 13-16d.

5d.

mi-'

»Md.

lOd.

9«d,

91,350,000' 127,122,000

82,407,000 144,908,000

and open market rates at the
now and for the previous three weeks

rate of discount

chief Continental cities

have been as follows:
^pril 16.

April

Satuof
TnttreHat

Bank

Optn
Market

Bate.

Pari*
Berlin

Frankfort

Opffi

Bate.

Market

S

lii

2

3

1«
IH

i«
2H

a«
2H

2H

Brussels

2ii

Madrid
Vienna

4

St. Petersburg..

6

4
3
5

Copenhagen

3^

3^

8

4

& Abell

Bank

m

March

1.

25.

Bank Open
BaU. Market

Open

Bate. Market.

2H
2H

2ii

8

Hamburg
Amsterdam

Messrs. Pixley

Bank

2H

3
8
3
3

April

8.

Barley
Oats
Peas

2ii

3

2)8

3

2J<

2

8

2

2i«

1J«

2H
2«

IH
2K

4
4

4

S«

2H

8«

4

4

SH

5

5

4
4
6

4

4

5

5

5

3!^

31*

3«

3M

3«

an

Beans
Indian oors
Flour

(exclusive of stocks

•

SILVER.
AprU

Bar gold, fine., .oz. 77
Bar gold, contain'g
SOdwts. silver. oz. 77

15

AprU

8.

London Standard. AprU

d.

d.

9
10}^

Bar silver
oi. 46
Bar sUver.oontaln77 10>i

Span, doubloons. oz.
S.Am.doubloons.oz.

tng5grs.g0ld..0I.

AprU

16.

46 9-16

Importsof wheat. owt.30,139. 220
Imports Of flour
8,403,638
Sales of

home-grown. .28,787,589
67,335,447

Total

1884-85.
1883-84.
29,237,253 33,003,467
10,104,441
9,443,028
28,926,696 28,204,345

1882-83.
39,857,364
10,904,705
27,944,600

70,650,840

78,706,669

68,268,393

The following statement shows the extent of the sales of
home-grown wheat, barley and oats in the principal markets
of England and Wales during the first thirty-two weeks of the
season, together with the average prices realized, compared
with the previous season

:

1885-86.

1884-85.

Av'ge
Price

Sales.

».

Sales.

d.

1883-84.

Av'ge
Price
g.

Av'ge
Prfct

Sales.

d.

t.

d.

2.006,978 30 5 2.016,676 32 5 1.966,316 39 2
2,765,933 29 5 2,813,691 31 8 2,973,665 32 5
321,073 18 10 353,570 19 10 283.808! 19 11

Wheat, qrs.,
Barley
Oats

4B4«

Converting quarters of wheat into cwts., the totals for the
whole kingdom are estimated as follows:

47

Wheat

Cake silver
oz- 49 13-16 50 5-16
Meitcan dol8...oz.' 45?^
45^
I

The

directors of the Royal Mail Steam Packet Company
notify that after considering the accounts of the company for
the year 1885, they are not prepared to recommend any distri

The quantity

of wheat, flour
is

shown

At present.

Wheat

qrs. 1,748,000

Plour.equal to qrs

Maize

qrs.

196,000
321,000

1884-85.

28,926,696

and maize

1883-84.
28,204,345

afloat to

the

in the following statement:
Last week.
Last year.
1884.
1,728,000
2,882,000
1,910,000
190,000
238,000
234,000
389,000
321,000
132,500

Engllab Financial iTIarkets— Per Cable.

31st last.

Messrs. Baring Bros.
Co. have received applications for
£4,191,500 sterling first mortgage debenture bonds of the

1885-86.
owt. 28,787,589

United Kingdom

bution to the shareholders for the half-year ended Decembej

&

1,.591,605

16,615,293
9,443.028

8.

d.

3-11)

1882-3.

39,857,384
11,307,430
9,048,924
1,343,476
1,591,273
11,068,446
10,904,705

for consumption in thirty-two weeks
on September 1)
1885-86.

write as follows on the state of the

GOLD.

1883-4.

33,003,467
10.983,157
7,364,231
1,092,970

Supplies available

3H

bullion market
Gold -There has been a good demand for gold during the week, and
the whole of the arrivals mentioned below have been taken for export,
together with $.S0,000 withdrawn from the Bank. The amounts to
hand comprise £3,350 from Sydney, «18,400 from the Kast, *13, 580
from Eiver Plate, £2,270 from the Cape, £110,000 from New York
total, £147,600. The " Medway " has taken £7,450 to the West Indies,
and the " La J>lata " £100,000 to Lisbon.
Silver has given way, fallowing the course of the Indian exchanges,
the fall being accelerated by the low price at which the India Council
bills were allotted yesterday. The only arrival of importance during the
week has been about £35,000 from New York. Tlie P. & O. steamer has
taken £11,000 to ludla.
Mexican dollars remained steady during the week at45%d. on French
Government buying, and at this rate the arrival by the "Ville de
Bordeaux," about £72.000, was placei; the price, however, has since
given way, and we quote to-day 4558d. per oz.
The quotations for bullion are reported as follows:

Londtyn Standard.

IMFOBT8.
1885-6.
1884-5.
owt. 30,139,220 29,237,253
7,754,662 10,527.969
5,807,197
6,679,620
1,340,303
1,177,919
2,001,741
2,130,908
17,425,626 14,410,213
8,40S,638 10,104,444

Wheat

2H

a

that for the corresponding period of 1884-85 by
about 900,000 cwts., but the quantity on passage is appreciably less than last year. For the immediate future, however,
the stocks available are ample, and while such is the case and
crops are promising it will be useless to look for any distinct
hardening of values.
The following return shows the extent of the imports of
cereal produce into the United Kingdom during the first
thirty-two weeks of the season, the sales of home-grown
produce, the average prices realizad, and other items, compared with last season
excess of

The

London
week ending April 30:

daily closing quotations for securities, &c., at

are reported by cable as follows for the

Canadian Pacific Railway Company, bearing interest at the
London.
rate of 5 per cent per annum, the price of issue being £104
<t
Silver, per oz
per cent. The applications exceeded £6,000,000.
Oonsols formoney
Consols for account. .
A meeting was held of the Scotch ironmasters to consider^ Fr'oh
rentes (in Paris) f r
the advisability of reducing the rate, but no decision has D. 8.4J9S0f 1891
0.8. 48 of 1907
been arrived ai.
The number of furnaces blowing is now 97. Canadian Paoiflo
At a subsequent meeting held in London to consider the CTilo. MIL & St. Paul....
Erie, common stock....
advisabily of reducing the make of pig iron thoughout the illinols Central
United Kingdom by 25 per cent, there were representatives Pennsylvania
ehlladelphla &, Reading
from Cleveland, Scotland, South Wales, West Cumberland, Hew York Central
.

Sat.

4614
100918
lOOiiie

81171a
1141a
12858

65 1«
8978
25^8
I4214

ilfon.

Tues.

Wed.

46I4

46 le

128%

128%

66

66

Thurs.

46iie
lOOiaii IOOIB16 lOOISifi lOOie,,
10010,6 lOOlB,, 10016,8
lOO'e
8l-67la 81-80
81-70 91-75
Il4.'%
11458
U4ifl
11458
>«

894
25%
142

88%
Bo's
1411^

128%

128%

65 '8

65''8

88%
24%

883a
24=8

1401a

140%

54%

54''8

55 B8

55

I214

11 14

IQia

lOlQ

105%

10538

1104%

103%

55

Fri.

461,6

1

11
104

:

.

May

1,

THE CHRONICLE

1886.]

CJommevclaX and pUscctlaneowa 3|ewB
Imports and Exports for the Wekk.— The importa of last
week, compared with those of the preceding week, show an
The
increase in both dry goods and general merchandise.
total imports were $8,030,190, against 17,309,939 the preceding week and $10,136,097 two weeks previous. The exports
for the week ended April 27 amounted to $6,508,683, against
$5,610,705 last week and $5,097,796 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Apr. 33, and for the week ending (for general
merchandise) Apr. 33; also totals since the beginning of the
first week in January:
PORaiON IMPORTS AT HBW TORK.
1884.

$1,546,108
5,967,171

7,U1,S67

G«o'lmer'di8e..

Total
Since Jan.

1885.

1883.

$2,269,897

Jbr Week.

Dry OooiU

1886

$1,02^.388
4.764,710

$2,374,608
5,645,582

$9,710,764

$7,513,279

$5,793,098

$8,020,190

$45,006,293
102,071.824

$41,491,010
08,881,723

$33,799,794
85,024,648

$40,599,547
96,857,526

1.

Dry Goods
Gep'lmer'cUse..

Total 16 weeks. $147,078,117 $110,372,733 $118,824,442 $137,257,078

In our report of the dry goods trade will be found the imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending April 27, 1886, and from January 1, l886,to date
BXPORT8 PBOX HBW TOSK FOB TBB WEBS
:

For the week...
Prev. reported..

The following

RBW TOBE.

Sxportt.

Importt.

0oia.

Week.

Brest Britain

$
1,965,721

Oermany
West Indiea ..........
Mexico
BoDth America
All other ooun tries.
.

Since Jan.1.

$6,770,118
8,455,675
665,589
3,609,938

497,330

$193,687
1,127.313
717,092

16,004

363',i02

5,726

412.443
13,352
122,427

18 2', 666
5,496

T»tal 1886
Total 1885
Total 1884

Week.

Since Jon. 1.

362,168

$2,153,983 J20,131,590
203.666
4,711,329
5,806,985 32,915,869

$119,054
103,328
1,106,053

Silver.

Great Britain

180,000

Oennany

i'.i'oo

West Indies ..........
Mexico
Bonth America

1,200

$3,723,764
185,577
17,850
85.403

9

9
48

32,558
8',506

39',i'l4

36,663

All other coontrieg. .

Total 1886
Total 1885
Total 1884

$82,600
641.145
241, 22^

294,924
47,861
16S,873
2,9B0

*4,f 89,371

$41,058

5,350,329
4.929.804

570

$514,689
458,272

40.496

1.467.S)45

Of the above imports for the week in 1886, $12,844 were
American gold coin and $3,010 American silver coin. Of the
exports during the same time $357,753 were American gold
coin.

United States Snb-Treasury.—The following table shows
the receipts and payments at the Sub-Treasury in this city, as
weU as the balances in the same, for each day of the past week :
Balances.
Date.

Payments.

Receipts.

Coin.

Coin

Oerl's.]

*

one

dollar.

The

railroads were purchased by the committee (or $800<
000, the securities for $250,000, rolling stock and steameia for
$70,000, real estate in Chicago for $100,000, and then the last
four items were again sold to the committee for a lump sum
of $425,000, making the total purchase $626,000.
The road will remain in the bands of the receivers for sometime, until the present claims are disposed of to the satisfaction of the Court. There are over $3,000,000 of receivers' certificates outstanding, wliich, together with the interest due or

nearly due on the underlying mortgage bonds, and the current liabilities, makes the floating debt about $8,000,000.

Wheeling & Lake Erie.— The Wheeling & Lake Erie road
was sold at Cleveland, on April 23, on a decree of foreclosure
by the United States Circuit Court in the suit of the
Farmers' Loan & Trust Company. There was only one bid

issued

—which was made by George S. Forrest, Melville C.
Day and Daniel E. Garrison, of this city, as trustees of the
Reorganization Committee.
The cash payment made was
$35,000, and the balance of the purchase money is not payable
$505,000

Union Pacific—At Washington the House Pacific Railroads
Committee agreed unanimously to report a bill to extend the
indebtedness of the Union and Central Pacific railroads. It

$88,946,206

BXPOBTS and IMPOBTS of gPBOIB AT

&

5,944

$89,959,978 $102,222,341

shows the exports and imports of speci*"
York for the week ending April 34, and
and for the corresponding periods in

table

at the port of New
since Jan. 1, 1886,
1885 and 1884:

Wabash 8t Lonl« k Paolflc—At8t. Louis, April 90, Unitad
Btaten Oommiasioner Edmund T. Alton sold under foreolotui*
of mortgage at public auction the Wabanh 8t, LouU
P«oifla
Railroad, the total price paid for the entire prop«rty being
$625,000. The committee api>ointed bv the •took and boncN
holders to loolc after their interesta were the only bidden and
the whole 8y«tem, excepting the St. Joseph
St. Loai*
Branch, was purchaaed by them.
W. F. Neabitt, its PnaJdent, purchased the leasehold interest in the latter road for

$2,592,258
4,783,232
2,953,004

$8,508,682
82,377,524

$5,931,831
84,02,'), 147

Total 16 weeks. $111,027,813

1886.

$5,347,570
96,374,771

$6,090,044
104,937,769

637

until the confirmation of the sale, which cannot be within
thirty days.
Mr. Day said to a reporter :— " The Reorganization Committee includes all the first bondholders, representing
$2,550,000, except the holders of six bonds, whose residences
we learned only to-day. Our plan also allowed the old stockholders, second bondholders and general creditors to come in
by paying an assessment ranging from twenty-five to thirtyfive per cent, but very few of them have taken advantage of
it.
The road extends from Toledo to Brewerstown, where it
connects with the Panhandle road. I do not know when it
will be constructed on to Wheeling.
The Garrison family
probably controlled a majority of the first mortgage bonds.
Commodore Garrison also owned $2,500,000 of the second
bonds, and altogether the road cost him nearly $7,000,000.
For four of the old first bonds three will be issued under the
reorganization plan. The old bonds bore six per cent interest,
while the new ones wi'l be five per cent bonds. I do not
know how much stock will be issued. The first bondholders
will receive a certain amount, but this will have to be ar^
ranged hereafter. No change in the management of the proj^
erty is intended at present.

1885.

1884.

1883.

Ourreney.

proposes to extend the debt over seventy years, payable in
semi-annual instalments. In reporting the bill the attempt
failed to have a day fixed for its consideration. This puts the
bill on the calendar, where the chances of reaching it this session are very doubtful.
Burdett's Official Intelligbnce for 1886 has just reached
us from London. This important manual is issued annually,
under the sanction of the Committee of the London Stock
Exchange, by its Secretary, Mr. Henry C. Burdett. It aims togive all requisite particulars concerning every security and
company of interest or importance known to the Stock markajs of the United Kingdom. The completeness and accuracy
of^this manual make it invaluable to all interested in foreign
securities.
Bankers and brokers in the United Statescan obtain copies, we presume, through Mr. T. S. Gardner, Assistant
Secretary of the Board of Trade & Trjinsportation, 55 Liberty St.
Auction Sales. The following were sold at auction this
week by Messrs Adrian H. Muller Son, 12 Pine Street

—

&

24
26
27

$

"

28
29

"

30

1,337.379
1.324,S0S
2,140,292
1,058,003
2,534,307
2,583,794

Total..

10,975,583

l,0iC.290,128.474,807

53.3rt0,120

10,813,033

l,191,5l5:128,r.45,.504

53.455,130
51,665,220
51,647,360
54,552,630
54,800,100

11,181.810
11.362,506
12.492,900
13,829.395

699,029,125,372,450
785.970 123,481.653
1,413,158 128,570.139
963,216 128,607,752

10.980,.i89

6,109,208

Grand R.apids & Indiana.

—A

dispatch from Grand Ripids,
O. Hughart, President of this railroad, had
returned from New York, and announced that he had succeeded in placing $700,000 in bonds, the money to be used in
building the new road from Grand Rapids to Muskegon.
Kansas City Springfield & Memphis. This road, about a
year ago, was completed to Memphis, Tenn. a distance of 487
miles. It is now preparing to extend its line, under another
name, from Memphis to Birmingham, Ala., a distance of 330
miles, thereby making a line from Kansas City to Birmingham, 737 miles long.
" The proposition which the
The Boston papers report
Kansas City Springfield
Memphis Company will soon make
in the way of rights on the cjntemplated extension to Birmingham, Ala., will be a block comprising five shares of new
stock and a $1,000 thirty -year 5 per cent bond for $950 to each
holder of tea shares of the old stock. The new construction
is to comprise a bridge across the Mississippi River and 2-30
miles of new road."
Mich., says that

W.

Shares.

Shares.
Ill Staten Island RB. Co.$67^9h.

5 Lafayette Mutual Bldg.
& Loan Assoc'nof Jersey
122 Lykens Val KR. &Coal .142
City, $25 60 V Bb. i>d.$100 lot
1 The Jourual of Com
$10,000
71 Amer. Exeb. Nat. Bank. 135 >4
25 Equitable Gas Light Co. .156
154>«
40 Union Ferry Co
16 CliescbrougU Mfg. Co. ...140
101
46Penn. Coal Co
265
25 North River Ins. Co
50 Old Dominion Land Co.. 80ia
200 Little Pitt8l>i?.Min'g..26o.^ sh.
13 Houston West St & Pa
200 Central Arizona Mlu'K..$i.6lot
3.40 Des Moines >t Ft. D. com.
vonia Ferry ER. Co.... 120
2
Bonos.
60
pref.. 10=^8
do
do
75 Lamar Ins; Co. (85*pd.)$3^8h. $3,000 State Tenn. 3f Settle't 71
2lO% $1,100 State Tenn. 65Settle'tl05>a
10 Eighth Av. RK. Co
100 The Harney Peak Tin
$1 ,000,000 Phila. & Reading
RR. Co. 1st series Ss, oon.. 55-60
Min'g, Milling A Manuf acturi u g Co
$7 per share $100,000 Pblla. & Bead. RR.
25is
Co. 2d series 5s, oonsol
10 Mineral Rtnge RR. Co...l4li8
.

Apr.
"
"
"

—

. .

—

,

:

&

United States Government and other destnkble

SECURITIES
FOB

IHTTESTORS.
All stocks and bonds listed on the New York Btook Exohange boaffbt
and sold on commlsalon for cash.
»..,.,
Deposit accounts received and Interest allowed on monthly DaUnoes

BUldect to draft at sight.

HARVEY FISK
28

Nassau Street,

&
New

SONS,
York.

—

8:

:1
;

THE CHRONICLE,

538

[Vol. XLII.

selling l-16@i premium
Boston, par@5
Orleans, commercial, 50 discount, bank, .$1 50
St. Loms, 25 premium
Chicago, 35 premium.
The rates of leading bankers are as follows
par,

;

New

premium;
premium;

;

UIVIJOBNDS.

:

The following dlvlcleads have recently been announced:
Ifame of Company.

Per

When

Cent.

Payable.

Railroad.
Jf.

Y. Prov,

Bankol

i:

Bost. (Ston'n) (cjuar.)

Banks.
New York

State of

Naseaii

miscellaneous.
ITnited States Express

(cjiiar.)

—

April 30.

Sookt Closed,
(Days inclurive.)

Prlmebankers'sterllng

2

10

1 to

May

1

4

May

May

11

4

May

10 April 30 to
10

1

May

May

16

4

May

4 to

ParlB(franc8)

—

Stock Exchange this week has caused

it

and the uncertainties in regard to strikes, railroad earngrowing crops, &c., are such as to keep the market
in a halting position until some of the doubtful elements are
removed.
The reports this week from two of the leading trunk lines
the Pennsylvania and the Erie for the month of March, are
again quite favorable, and they indicate that in spite of the
small tonnage of grain and provisions, the trunk lines are doing
materially better than last year, and the higher rates are giving
the roads a better net profit, even if the tonnage carried is
stocks,

ings, the

—

smaller.
On this basis there is reason to be hopeful about the
trunk lines, since their competition, it is supposed, has reached
a maximum for some years to come, and experience has proved
that they can earn fair dividends in those years when rates are

maintained.
At the West there seems to be the prospect of very active
railroad building, as the four great corporations occupying the
territory northwest of Chicago have each laid out plans which
involve the building of a large mileage of new road and the
outlay of a large amount of capital. The Atchison Topeka &
Santa Fe had already perfected its plans for heavy building,
and it is probably not too high an estimate to assume that these
five great companies will build 3,000 miles of branches, extensions and feeders in the next eighteen months. All this, too, is
by corporations abundantly solvent, and able to carry the new
roads for a few years, until they earn interest on their bonds
hence the building in this manner cannot lead to another crop
of defaults and foreclosures such as we have had in the past,
with disastrous effects to the holders of securities.
The open market rates for call loans during the week on
stock and bond collaterals have ranged at
per cent, and
to-day at 2@3 per cent. Prime commercial paper is quoted
at 3i@5 per cent.
The Bank of England weekly statement on Thursday showed
a loss in specie of £60, 14.5, and the percentage of reserve to
liabilities was 41 7-16, against 41 3-16 last week; the discount
rate remains unchanged at 2 per cent.
The Bank of Prance
gained 7,548,000 francs in gold and 3,388,000 francs in silver.
The New York Clearing House banks, in their statement of
April 34, showed a decrease in surplus reserve of $1,399,100,
the total surplus being $13,333,550, against $14,723,650 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks.

H@4

Di^er'ncesfr'rt
Previous Week.

1885.
April 25.

405,«a4038
9538*9513

89ifl

®5

5 171295 Ifi'a 5 15

.

Amsterdam (guilders)
.._..
PranWortor Bremen (relohmarksl

1438

4019a 40»,
9534 39578

—

United States Bonds. lu common with all the other
Government bonds have been very dull, and prices
are unchanged, except for the 3s, which are 1 per cent higher.
The closing prices at the N. Y. Board have been as follows

:

to

resemble a midsummer period, when half the brokers are out of
town. There is nothing at present to stir up an interest in

1886.
April 24.

4

4 8712

markets,

WALL, STREET, FRIDAY, April 30, 1886-!5 P. M.
The Money Market and Financial Situation. The slack
business at the

Demand.

Sixty Days.

on London...

4 So\1H 86
4 8514*4 85I3

May

May

bills

1884.
April 26.

Interest April
Periods
24.

1K91
1891

This

Is

\

26.

28.

29.

30.

'II214 11238*112'^ 112381 ni238
11214 11214 I12i«i'112i<j *11238l M1238
126I4 1-2614 'I26I4 *l2l>l4 I2BI4I *126l4
I26I4 I2HI4' 'I26I4I 12t>l4 n26i4 I26I4

100=8 '100%; 101
IOII4 •10034 101%
'I2714 127iai*127is
•12713
'12712I
•129381 12938 *130
*130
*130
131
*132
•132
1313fl, 13114 nsi
13 H3 13158; 1347a *135
*135
•135
1361-2 136 •-8 13658-137
*137
•137

127
129

the price bid at the morning board

State and Railroad

27.

April

112%

reg. Q.-Mar.
41S8,
4128,
...coup. Q.-Mar.
48, 1907..
reg. Q.-Jan.
48, 1907..
coup., Q.-Jan.
3s, option U.8....reg.iQ.-Feb.
6s, cur'cy, '95....reg.lJ.
68, cur'cy, '96....re?.'J.
68, cur'cy, '97....reg.l.r.
68, cur'cy, '98
reg. J.
68. cur'cy, '99.... reg.' J.
•

April A]>ril April April

:

no sale was made.

Bonds.— State bonds have had

a very
small business, the total transactions for the week being as follows: $30,000 North Carolina consoles, 1919, at 118 J-}° $8,200
do. consol 4s, at 94-5; $44,000 do. special tax bonds, at 10-13;
$7,000 South Carolina non-fundable bonds, at 6J; $1,000
Georgia 7s, new, at 103; $1,000 Louisiana consol 4s, at 73^;
$4,000 Missouri 6s, 1887, at 104i; $10,000 Virginia 6s deferred,
trust receipts, at 9J.

Railroad bonds have been very dull most of the week, with a
more activity noticed in the later days. Prices have been
irregular and no decided tendency has prevailed in either direction for the general market. Some have improved while others
have given way a little. The only conspicuous activity has
been in Erie 3ds ex June '86 coupon, which were latterly sold
down quite sharply. Ches. & Ohio "B" oonds declined to 68
when it was known that only $10 in cash would be paid on the
May coupons.
The closing prices and range of a few leading bonds are annexed
little

Closing.

Name

'

Range since Jan.

Apr.22 Apr. 30
N. Y. L.

cp.

Funded coup. 5s
West Shore, guar. 4s

Texas & Pacilic Rios, 6s, cp. off.
EastTenu. Va. & Ga. 5.s,tr. rets.
do
do
incomes
Green Bay Winona&St. P. 1 st 68
Den. & Rio Gr. West., Ist (is...
Fort Worth & Denv. C., Ist 6s.
Ches.

&

*

O. 6s. ser. "B." cp. off.
& Texas, gen. 5s

Kans.

Do

Lowest.

Highest.

E.& West.—

2d consol. 68,ex. June, '36,

Mo

1, '86.

of Bond.

do

Bid price no
;

geu.63

86=8

90
102''8

50%
80
2014

*98

88
78
*79
93ifl

83%
88
1027,

49
'80
2038
'100
•74I2

87
68
75 12
91

7678 Jan.
92 Mar.
7714 Jan.
9 314 Mar.
I0114 Jan. 101 Jan
45i« Jan.
5)78 Feb.
68I4 Jan.
83 Mar.
22i« Feb.
17=8 Mar.
80 Jan. I0114 Apr.
7212 Jan.
8)34 Mar.
81 Jan.
9214 Mar.
68 Apr.
83 Jan.
7.5
Jan.
83 Feb.
88 Jan.
96 Feb.

sale.

—

Railroad and Miscellaneons Stocks. The stock market
was perfectly lifeless during the first three days of our week,
beginning with Saturday last. Business was restricted to a
few room traders and there was no disposition to operate on
either side of the market, and as a consequence
prices
remained practically unchanged. On Wednesday, however, a
bear movement was inaugurated, and it was rumored that a
bear pool had been organized.
However that may be, prices
gave way considerably under the adverse influence, and have
remained quite weak, though there has been no important
change in the general situation of affairs, and 'he decline can-

not be attributed to anything except the operations of the
bears, assisted by an indisposition to support prices on recount
of the uncertainty in regard to the continuance and possible
spread of labor troubles.
Legal reserve
In fact, the still unsettled differences between employers
Beserve lield.
and employed are exerting quite an influence against the
BorplUB
$13,323,550 Deo.$l,399,100 $53,142,425
$2,419,800 market, and there have been fears of further trouble on the
first of May on the unreasonable demand for eight hours' work
Excliange. There is nothing new to report in the sterling with ten hours' pay. This has had some effect on the coal
exchange market. Business has been exceedingly dull, and stocks especially, and the weakness in these and a few other
rates are maintained only by the continued scarcity of commer- specialties has had its influence on the general market, and all
cial bills.
Posted rates remain unchanged at 4 87^ and 4
prices are lower than a week ago.
89J.
Some further gold shipments have been made, though the
Among the stocks which have had special movements, Union
total is not as great as last week, being only $1,371,000, includPacific and Louisville &, Nashville have been conspicuous, the
ing $350,000 to go to-morrow.
Consolidated Gas has also been
latter being notably weak.
To-day the rates on actual business were as follows, viz.
Texas
freely sold in consequence of the legislation at Albany.
Bankers' 60 days' sterling, 4 86J@4 87; demand, 4 88}@4 89. Pacific has sharply declined on the publication of the reorganCables, 4 89@4 89i.
Commercial bills were 4 85i.
Con- ization plan, which is so conspicuously favorable to the Gould
tinental bills were:
Francs, 5 16f@5 17i and 5 14|@5 15
interest, and would result in giving complete control to the
reichmarks, 95i@95i and 95J@96; guilders,
40J:@40| and Missouri Pacific for a trifling consideration. Reading was
40i@40f.
very weak in the early dealings, but a part of the decline was
The following were the rates of domestic exchange on New recovered after the auction sale of securities which occurred
York at the under-mentioned cities to-day: Savannah, buying here this week. Kansas & Texas was also bid down sharply
1-16 premium, selUng
3-16@t premium; Charleston, buying to-day, said to be on speculative manipulation.

Loans EUiddis. $351,542,800 Inc.
Bpecle

Circulation...
Net deposits..
Legal tenders.

*975,100 P298.34S ,700 $343, 355,500
74,742,300 Deo. 1,939,808 109,9.=>8 .400
58, 215,300
7,911.400 inc.
18.500
10,910 .800
14, 493.800
37.'),197.h00 Deo. 1,558,000 356,816,,700 335, 684,000
32,380,700 Inc.
151,700
32,383 200
28. 125,500
$93,799,450 Deo. $389,000 $89,204,.175 $83, 921,000
107,123,000 Dec. 1,788,100 142,346, 600
86, 340,800
!

—

•

..

'

May

.

!

THE CHRONICLE.

1886.]

1,

539

NEW YORK STOCK EXCHANGE PRICES FOR WEEK ENDING APRIL
HIGHEST AND LOWTMT rRICEB.

STOCKS.
Satunliiy,
April -ii.

Active Hit. Stocks.
C>nu(llaii I'nclllu

64>fl

elk

CenlriU I'mlilo
Cheaniuiiku .b Ohio
1)1)
Intprcf. ..
1)11
Zilpref
CIilcaKO A Alton
CbtcHK" liiirliiiutoii Si Quiiicy
Chlcait" Jlllwuukee&St. raiil.
pivf.

l)o

4i»^
41»8
17)4

Do

pref.

Gnen Kny Winona A St. Paul.
Houston A Texas Central

Louisville A Nashville
Louis. New Alb. A Clilcago...
Manhattan Elevated, consol..

64

17>4

IOI4
17:%
I2I9

39%
40's'
4liel
lOi^l

173»
12>«

April

65
65
38 14 38l«
49 "s 40'a

41% 41%
10

10
IS

•17
•11

14

04la

e4''gl

88 14

38 'a

48ifl

491s

10

10

16>a

l«>a

11

11

April

21).

a4is

37 '9 3M%'
47 "s 49
40>4 40%
'9
10
18
151s'
'

41>«l

41

64%

Frtflny.

1

•10

13

1

11!»

133 >4 133%

88I4

ll!t

86%
'118

125%
16'9

23

3%

121s

10(i»8

137 ifi
12.') Is

•5013

3014
1251s 12«ie 126
lOia
16>4 I6I4
24
241s •23
23%

1%

lis

3%

I'd

4
85

'81

4
85

13

12
28

12
28

139
12>a

Si's
•91

82
92

38%

39Vi
381a
I28I4

87 *«
SeH 87
119
119 119
10719 IO6I4 106%
138i»
138
'138

1211

49% 51%
30% 3II4

24% 24%

127

871s
87
119
119
107 14 100%
I38I4 138
120
125

12(i'e

-11%

371s

i'3'3% 1*33%

125
125%
•10
12
•10
291s 32
*2S
32
31
40% 40% 4014 i(fe 39 Is
102% 1031s 10278 103% 102
•lOifi

24
I213
8iie
91 14

2414
1213

52
30I4

23%

1%

lis

3%

•81

4
65

.50

50 Hi
30'8

231s

231$

II3
378

IHl

811s

22% 24
Ilia 11%

91

91

38%

80
90

81
90

38'8
361s

3618

38%

03

128

65% 65%

22%

34
1271s 1271s 127

35

35

66 14

6613

22^8

11
11%
78% 80

8OI3
3413

66

891s

36
34
127
60

. .

57%

Ohio Central
lis
Ohio A Mississippi
Ohio Southern
16
Oregon Short Line
22
Oregon ATran.s-Continental..
29%
Peoria Decatur EvansvlUe
23%
Philadelphia A Reading
211a
Richmon<l A Danville
105
Richni'd A Went P'nt Terminal
311a
•313
Rochester A Pittsburi;
•18
St. Louis A San Francisco

30
20
58

291s

25 14

29 Is
25 14

29
25

291s

56^8

5714

55%

56I3

221s

221a

22

1%
22%

29 14 29%
29 14
23
2314
22%
2114 22
201a
105 105
1041s
30% 311a 30

29%

28%

2914

23

22
22%
20 14 2II4
101% 105
104
30
27% 23

lis

25%

lis

lia

22% 22%
16
22
3OI4

23%
23%
106
32

1%

21%

ini«cellaneou« Stocks.

•2312

Delaware A Hudson Canal..!
Oregon Iiiiprovi laent Co
Oregon Kaihvay ANav. Co...
PacitlcMall
Pullman Palace Car Co

100

SS'g

Express Stocks.
Adams

99%
9818
5418

5412

133

132

64%

63%

'145

Americ.in
United States

A Co
Inactive Stocks.
American Distiut Tele^Taph.
AtcliLiou Topeka A Santa Fc.
Wells. I'artto

AtlantieA Paclflc
Boston A N.Y. Air-Line, pref
Burlington Ced. Rapids A No.
Cedar Falls A Minnesota
Central Iowa
Ciiieiniiati Hamilton A Day..

Illinois Cent leased Hue stock
Manhattan BeachCo ..
Mil. Lake Shore A West

148
145
1061s 106 lo 103
•60
63
64
125 125
125
37

7%
100
70
12 13
*17

125

100

98 19
55

132
6414

148
106
64
125

„
New

l>o

pref.

York Lack. A Western. ..

New York A Texas Land

I>o

pref.

Virginia .Midland
Cameron Coal

Bomestake Mining
Tennessee Coal
*

A

Iron

78

Co..

Plttoburg Ft. W. A Chicago
Quicksilver Mining Co
Do
pref
Rich.A Alleg., stock trust ctfs.
Rome Watei town A Ogdensb'g
Bt. Lotus Alton ATerre Haute.

981s

23%
99%

99%

10014

23

981s

53%

135

148

55
391s
-89

30
16
19

23
98
99

15

27% 28%
21
21%
20% 21
•3

•99% 102
57

57 14

110% 110%
112 112%
40I4

40%i

5414

133

63% 64%

16%

16

2314

22
22%
94% 96%
97% 99

7

100

99%
135

7

10%

63% 63%

97% 98
52% 53%
•132

148

i

124% 124% 124% 125

71s

71s

7%

7%

100
70

7%

120

86

7%

7%
•97

•65

3(1-%

4214

38
9
13
10

^'

.^l

%Feb. 17
'H Mur.
3
'1

.

Apr.
Apr.
706
Apr.
,130% Jan.

1,071),

<ni%J»ii. 14

.1

Ill
21 111)
2.'.

30

90%

i-l).

1

I).

8

ri.

6

Ii.

13

Feb. 13
Jan. S
Jan. 2
Mar. 3
Feb. 15

6 125
24 111%
18 142
Mar.
27 131 Feb.
24 15%Jao.
24 35% Jan.
24 42% Feb.
24 105% Feb.
24 60 Jan.
24 38% Feb.
19 135% Feb.
22 20% Jan.
18| 26
Jan.

2
17
5
5
10
16

3
17
IS

0% Jan.

241

3% A IT. 29 11% Jan.
460 67%.Tan. 29 80 Apr.
210 19 Apr. 20 25% Feb.

7,440
2,685

8

Jan. 161

18%

_

Apr. 11

175 25 Mar. 23! 36 Jan.
460 137% Apr. 22 113% Feb.
5,490, 21% Mar.
28% Jan.
745
8% Mar.
18% Jan.
47,606 78% Apr.
00% Feb.
735 80 Jan.
94% Mar.

e
9'
S

S
9

36
127

1

64,410
2,250

34%

32
830 120
500 21

1

1

13

121s
181s

I8I3

•17

13

99
19

•46

54

46
77 14
7818
77% 78
106 106
106
166 1671s 170
148
147%
7
2014 23
•20%
55

'52%

"53"'

391s

391s
•85

3913

4%

52

91

46
78

6%
4%

53
39
90

180

180

21

21

52

29% 29%

Ifiie

41% 41%

Tbese are the prices bid and asked no

16

15'8

16

16

4II3

411s

"42% "42%

19
aal e

52
39
90

15% 15%

was made at tbe Board.

132

62% 64%
*144

148

147%

105%^105

106

63% *62
124%*120

124

40

40

7%

7%
•97

100

17

•15

17

40

7%
99

17

•97" 106'
•45
76I4

•44
50
51
76%' 76% 76%
106
106% 106%
I

6%

-35

9714

51% 53%

99
19

49% 50
75% 77

147%

22%

95%
96% 99%

•11% 14

107% 106 107% 106
173

22I4

93

70
"17

16%

21%

132

125

;

17

Fr^t)

4,170

8
Apr.
45% Jan. «
Mar. 25 41 Feb. 1
127
Jan. 2 129% Mar. 31
21
21
Apr. 30 3S%Jan. 4
62% 64%
955 62% Apr. 30 76% Jan. 2
17% 19% 4,280 16% Mar. 24! 22% Apr. 14
42% 4r
1,600 40 % Mar. 24 51% Jan. 4
23% 26% 25,010 23% Apr. 30 32% Jan. 2
103 103%
SCO 100% Mar. 24 114% Jan. 11
•11
14
12 Apr. 17 17 Jan. 5
3,200 43% Apr. 29 50 Jan. 7
100% 102
31,181 99% Mar. 24 107% Feb. 13
5% 6
1,395
4% Mar. 241 10 Jan. 5
12
13
1,710 12 Apr. 30 23 Jan. 5
23% 24
56,625 23 Jan. 18! 28% Feb. 17
56I4
54
3,900 50% Jan. 18 64 Mar. 3
33% 34% 15,300 30% Mar. 24 43% Jan. 28
16
16% 1,588 16 Apr. 30] 21% Jan. 4
6% 6% 1,134 6 Feb. 1 8% Jan. 2
19
19% 1,870 17% Jan. 25 24 Feb. 9
10
10
300
8 Mar. 25! 11% Jan. 2
27% 28I4 2,355 25 Jan. 25 30% Apr. 14
23% 24% 2,300 23% Mar. 24 29 Jan.
54% 56I4 20,130 53% Mar. 27 61% Jan.
1 % Apr. 2'
1,800
2 Feb.
21% 22% 2,400 21 Jan. 25 26% Mar.
14% 14%
500 13% Mar. 241 19 Jan.
100 21% Jan. 18 26 Mar.
26% 28% 29,855 25 Mar. 24 34% Jan.
20% 21% 4,405 16 Mar. 24 25 Apr. 12
20% 21% 93,760 18% Feb. 5 31 Mar. 8
105 IO514
2,737 75 Mar. 1106 Apr. 20
28% 29I4 17,025 27%' Apr. 6 38 Feb. 2
5
3% Jan. 161 5 Feb. 15
•18
19
700 18 Mar. 24' 23% Jan. 25
38% 39
335 38% Apr. 30 48% Jan. 7
•99
102
97% Jan. 27,105 Feb. 9
58
58
2,150 37 Jan. isl 67 Apr. 12
109 111
200 99% Jan. 26112% Apr. 9
112% 112%
2,258106% Jan. 19 118% Feb. 25
40
40% 2,920 30% Mar. 17i 41% Apr. 24
714
"
21.920
7% Apr. 30! 14% Jan. 3
49% 50% 136,165 44% Mar. 241 56% Jan. 2
•6% 8
7 Apr. 29 12% Jan. 2
102
I6I4 I6I4
710 15% Apr. 19, 22% Jan. 2

9714

136

63% 63%

^145 148
144
IO514 105% IO3I4 105% 105
•62
64
64
64
63

145

8514

7%

92
30

2,300' 01
1U,34I)
3,9 L")

[

51

•37

19
52

IBM.

3%

5

18% 18%
39% 39%

7% 8%i
49% 49%

10%

98% 98%
53% 54%

98%
135

•99
I8I4
•46

58
111
114
41

37

,

'.'.

4%

20
40
102

11% 11%

78% 80
89% 89%
34
35%

1,

HlfllMl

I

•2313 24
9514 lOOis

lOOia ]01>4

133
64

Westeru Union Telegraph

24I3

102%

25

15

105
103
31
27%
•313
•3
514
5
5
•31a
•18
•18
20
20
•18%
20
*10
Do
•40
pref
42
43 12 40
431a •40
*99 103
Do
•99 102
1 St pref
•99%
102 102
St. Paul A DiUuth
60% 61
59% 59% .'>8% 59
58
Do
'IO8I3IIOI3 IO8I3 110 la llOis UOia 108%
pref
St. Paul .Minneap. A Manitoba. 113
114
113 114
113% U3''e 113
Southern Pacillo Co
4II4
41
41
41
41
411a
40%
Texas A Pacitlc
IOI2 10%
10% 11
10%
10
8
Union Paclltc
50% 52
50% 511s 50% 51% 49%
Wabash St. Louis A PaclHo...
712
714
•7% 8
Do
pref. *15i2 17
*15is 17
•1513 17
16%
Colorado Coal A Iron
Consolidated (jas Co

28% 28
24% 24%
55% 55%
II4
1%
21% 21%

291a

57 ig

291a
25I2
SO'a

19

21% 22%

•33

.

*29is
2578

4

10% 10%

11

32

1-2

.

pref

IOI4

80% 81%
19

11
'26

21 14 22
21
21
A St. Louis
21
2114
19% 2013 19
19%
46 14 48
46
46
46 13 45
•44
pref.
46
45
27ia 271s
Missouri Kansas A Texas
27=8 28
2714 271"
26% 27% 26I4 26%
Missouri Paoitte
1041s 104''8 104% 104% 103
105
103 105
103 105
'12
Mobile A Ohio
•11% 14
14
•III3 14
131a •11
Nashv.ChattanoogaASt.LouISi 47
471s •451s 48
43 14 45
•451s 48
47
47
10214 1021s 102% 102% 101 13 IO214 101
New York Central A Hudson. 10259 103
101%
6i8
6
New York CUic. A St. Louis.
6%
61s
6
6
6
6%
6%
6%
*12
•13
Do «
13
I314 14
pre
15
13
13
13
13
New York Lake Erie A West'n. 24% 25%' 24% 24% 24% 25I4 24% 24% 23% 24%
58ia|
Do
58
pref.
58
57% 57%
581s
53
58
57
New York A New England
36'8 37%! 35% 36%
35''6 36
"as"' 85^8
33% 35
New York Ontario A Western. 17=8 17=8
I6I4 17
17% 171s •17
1713
New York Susq. A Western
6% 6% •6% 71s
7
7
7
6% 6%
7
Do
pref. *21ia 22
21 22
22
211s 211a •21
19% 20%
Norfolk A Western
"9% 10% •9% 10%
pref

15

•3%

81i£

Do

Do

13
10

18M.

LowMrt.

j

Shnren.

131 >4 1321s 131
132
5.035'l20%Mar.
851s 80%| 85% 86>s 140,578 85% Apr.
1181s 11812 118
118
727 118 Apr.
105'8 10U%I 105% 107
44,680 104% Mar.
138 •1351!: 137
520 135 Jan.
125 125% 125 125
SCO 124% Mar.
•10
12
•lOis 12
914 Mnr.
•28
32 *
32
310 20% Mar.
3!)
391s "s's'i^ 39% 19,513 3514 Mar.
101
101-% 10113101%
3,440 07 .Mor.
47% 49I3 4713 48i« 4,900 43% Mar.
30
30
20
30
3,816 27 Mar.
123% 125% 1231s 125% 146,652 115 Jan.
15% 16
a5%
16
815 14% Jan.
23I4 23I4
300 21% Jan.
lij
1%
1% 1% 6,898 1% Apr.
3I3

3%

4
85

241s
121s

24
•Ills

Minneapolis

Do

04% 64%|
37 Is 38%
47% 49
88% 40 14
9
9

1.

,

Week,

I

40is

12
12% IH3 11%
•26
32
13812 139
issis issis

38
36
1271s 1271s 128

Miolil^an Central

31

102%

30

•81

80% 31%

37

125%

126% 125>6l2U

Sli^s

38% 38%

Memnhta A Charleston

Northern Paclflc

:)().

JAN.

B«nge tiiioe Jsa.

Bale*
of the

Thnraday,

I

87I4

139

Contral

Indiana Ulooiulnet'n AWcst'n
Lske Krlo A Western
Lake Shore A Mlob. Southern.
Lon^ Island

Ai.rll 27.

3S''fl

133% 134

•81

ETansvllle A Terre Ilauto
Fort Worth A DeuverCity

April UU.

4914
4118

107»4 loys
i3s»4 ly.-c*
prof
Do
12ti
CtaloiiKo Uock ralnnd tic Pnciillc. 12r>
*10
....
Louis
Fitt»bur«
Chlcairo St.
A
30>4 31
1)1)
prcf.
41
4l°s
Paul
Minn.
&
Oni
Chicago St.
103 103'8
I)o
pri'f.
51% 33
Clerc'litiiil Col.Cln.iSE rndiuunp.
31)5 31>a
ColiiiuI)Ur« ll04-kin< V'al. iVTol.

Do
Assessment paid.
East Tennessee Va. & Gu

Tuesday,

&0»8
It's

dUoapo A Northwesteirn

DelHwaicl.arknwannaiWesI
DenTPr A Kio Uraiide

Monday,

64

39 '3 40

CunndiiMiMithi^rn
Oenlnil of Nrw Jersey

Illinois

AND SINCE

»0,

146

146

•20% 22%

62% 52%

53% 53%
36

15% 15%

36
89

15% 15%

3,135
38,375
17,162

21% Apr. 30 27% Mar. 13
93

87%
20%

1 ,005 93 %
55,832 49
258 129
83,925 62%

Apr. 30 111
Jan. 18 108%
Apr. 3i 31%
M ar. 24 1 08 %
Feb. 23' 67
Mar. 25 137%
Apr. 30i 75%
!

Feb. 8
Feb. 13
Mar. 6
Jan. 5
Jan. 2
Feb. 9
Jan. 9

144
867 101 %
234 62%
72 110

Jan. 14 150 Feb. 13
Jan. 28 106% Apr. 8
Jan. 13 66
Feb. 26
Mar. 26,125% Feb. 15

200 30
30 85%
722
7%
5 96
20 66
300 11

Jan. 4
Apr. 28

no! 13
15 105%
1071 03
500! 17

•

Mar 25
Apr.
Mar.
Feb.
Mar.
Mar.
Jan.

40

0% Jan.

3 101

75

13
24

14% Mar. 2

•22% Jan. S
Apr. 24
13 125
13 100% Feb. 26

!

Feb.
21%
Jan. 28 54
.50% Jan. 18 82
00% Jan. 20 107
90 135 Apr. 3 180
250 141 Jan. 2 1.50

2,800

—

6% Mar.

5

Jan. 29
Jan. 7

15

400 22

100 21 Fob.
4% Apr.
100
627 25 Jan.
400 86 Apr.
86 Jan.
200 15 Mar.
9 Jan.
1,200
5r 17 Mar.
332 38 Mar.

Apr. 30

93% Jan. 14

11

27
18

8

6
13
13
13
28

6

25% Jan. 18
7% Feb. 17

55
30 46
5 05
25 30
13,

17%

13

23
50

25

Mar.
Apr.
Apr.
Mar.
Apr.
Mar.
Jan.

Apr. 16
Feb. 3
Feb. 18
Apr. 1ft
Mar. 10
Jan. a
Mar. 1

......

.

1

THE CHRONICLE.

540
RAILROAD EARNINGS.
Latest Earnings Reported.

BOADS.

Week or Mo

1886.

1885.

Jan. 1

to

Latest Date.

1886.

[Vol. XLII.

New York City Banks,—The following statement shows the
condition of the Associated Banks of New York City for the
week ending April 24, 1886:

1885.
Average

& S. F. February.
Bait. & Potomac .March
Bost. H. T. & W. March ...
Bliff.N.Y.& FhU. 3d wk Apr.
Atoh. T.

.

1,057,407 1,064,748

106,507 122,839
47,623
41,137
49,300
44,100
Buff. Rocli.&PittlSd wk Apr.
18,297
24,053
Bur.Ced.K.&No.ljd wk Apr.
51,006
56,758
CanadianPaciflc 3d wk Apr.
193,000 176,000
Central Iowa. ..3d wk Apr.
23,045
22,231
tCentral Pacific. January ..
805,809 1,096,535
273,241
218,094
Ohesap. & Ohio.iFebruary..
Eliz.Lex.&B.S. February.
63,631
48,682
Ches. O. & 8. W. February.
113,630 112,186
Chicago & Alton 3d wk Apr. 160,639 157,603
Chic. Burl. & Q- February.. 1,830,275 1,601,915
Chic. & East. 111. '3d wk Apr
35.381
31,764
387,000 406,546
Chlo. MU. &St.P.!3d wk Apr.
366,262 41.5,989
Chlo. & Nortbw. l3d wk Apr.
Ch.8t.P.Min.&0.'3d wk Apr.
102,900
99,000
Chlo. & W. Mich.lSd wkApr.
26,133
26,814
Oln.Iud.St.L.&0. 3d wk Apr.
47,250
41,800
T.P.
N.
&
3d
wk
Apr.
51,785
41,116
Cln.
O.
Ala. Gt. South. 3d wk Apr,
22,685
16,683
on.
&N.
E.
3dwkApr.
N.
13,163
12,103
Vloksb. & Mer. 3d wk Apr.
8,2i)3
6,968
Vlcke. Sh. & P. 3d wk Apr.
5,320
4,506
Cln.Wasb.& Bait 3d wk Apr
32,102
28,.549
Clev.Akron&Col 3d wk Apr
9,115
9,687
Clev. & Canton. March
24,400
28,709
Clev.Col.C.&Ind January ..
285,733 287,001
Col. Hock.V.&T. March
198,596 214,329
Danbury cSi Nor. March
16,966
16,443
Day. & Ironton. February..
20,376
Denv. & Rio Gr. 3d wk Apr. 114,000 104,919
Denv. & E. G. W. March ....
83,472
69,335
Des. Mo. & Ft.D. 3d wk Apr.
5,630
7,299
Det.Lans'g* No. 3d wk Apr.
23,289
22,621
E.Tenn.Va.&Ga. March
344,023 324,401
Evansv. & T. H. 3d wk Apr.
13,680
13,334
Flint & P. Marq. 3d wk Apr.
48.417
39,801
Ft. Worth & Den. March
23,799
32,276
Grand Trunk ... Wk Apr. 17 307,789 303,138
Gr. B.W.& St. P. February
21,378
17,483
Gulf Col. & 8. Fe. March ....
142,035
93,631
Hous. & Tex. C. February..
185,839 144,937
in.Cent.(ni.&8o) 3d wk Apr.
185,700 200,026
Cedar F.&Mln. 3d wk Apr.
2,900
1,919
Dub.&Sloux C. 3d wk Apr.
17.600
17,392
la. Falls & 8.C. 3d wk Apr.
11,100
12,233
Tot. Iowa lines 3d wk Apr.
31,600
31,544
Total all lines. 3d wk Apr.
217,300 231,570
Ind. Bloom. & W. 3d wk Apr.
46,066
42,038
Ind. Dec. c& Spr Marcli
30,862
25,744
K.C.Ft.S.&Gulf. 2d wk Apr.
50,836
50,104
Kan. C. 8p. & M. 2d wk Apr.
31,436
32,845
Kan. C. CI. &8u. 2d wk Apr.
4,666
L.Rk.&Ft.8mltb Fcbruarj'.
47,711
44,985
Long Island
3d wk Apr.
36,942
32,603
La. & Mo. River. January ..
35,740
45,163
Louls.Ev.&St.L. 3d wk Apr.
16,026
13,530
Lotilsv.&Nashv. 3d wk Apr. 229,095 268,315
Louisv.N.O. &T. February..
139,210
98,617
Maine Central.. February
187,049 185,725
Mar.Hough.A 0.'2d wk Apr
6,157
4,599
Mem. & Cliaries.March
115,171
109,252
•Mexican Cent'l.Sd wk Apr.
78,200
77,810
*Mex.N.,aU linesi March
151,579 137,589
Mll.L.Sb.&We9t.j3d WkApr
35,453
26,400
Milwaukee & Nolsd wk Apr.
13,150
10,680
Minn'ap. & St. L. 'February.
120,09:
113,16;;
Minnesuta& No.'MatcU
31,223
Mobile & Ohio
March .... 144,68" 196,956
Nash. Ch. ASt.L. Marclr
187,3.50
186,73
N. Y. Clty&No. Apr. 10-20
13,952
11,024
N.Y.L.Erie&W.. March
1,464,950 1,269,249
N. Y. Pa. & O. Mai oh
482,731 440,108
N.Y. ANewEng. February..
270,924 226.09
K.Y. Ont.& W.. 3d wk Apr.
t23,408
33,028
H.Y.8us(i.& West! .March
89,1791
91,098
Norfolk & West. 13 wks Apr. 182,3821 147,676
Northern Ccnt'l. March
460,1471 483,360
Northern PaclUci March
858,116 691,612
Ohio & Miss
February.
274,430 267,879
Ohio Southern March
38,946
15,596
Oregon Imp. Co. February.
186,384 210,850
Oreg. R. & N. Co.J3d wk Apr.
64,445
82,832
Oregon Short L. February.. 104,330
89,600
Pennsylvania... Marcli
3,901,855 3,635,374
Peoria Deo.&Ev. 3d wk Apr.
11,425
9,303
Phlla. & Erie
March
290,640 260,460
Phlla.& Reading March
2,296,118 1,919,502
Do C. & Iron March
1,081,376 1,054,469
Blohm'd &Danv. March
392,514 360,562
Ch.Col.&Aug. .March
75,578
84,019
Columbia&Gr. March
69,026
78,527
Georgia Pao. March
64,195
57,024
Va. Midland.. March ...
113,981
113,698
West.No.Car.. March
45,606
38,586
KomeWat.&Og. March
152,827 123,287
16,057
Bt. Jo. & Gd. Isl. 3d wk Apr.
23,581
Bt.L.Alton<feT.H. 3d wk Apr.
20,555
18,592
13,220
Do Branches.l3dwk Apr.
11,750
Bt.L.&San.Fran.!3dwk Apr.
81,133
79,264
St.Paul&Duluth 3d wk Apr.
25,208
14,238
8t.P.Mln.ifeMan. March.
590,000 576,011
Boloto Valley.. February..
51,405
BouthCaroUna.. February.. 120,054 121,494
Bo.Pac.Comp'yGal.Har.&S.A. February.. 203, 819 237,064
G.W.Tex &Pao February..
3, 755
Louis'a West. February..
51,893
45, 081
Morgan's fi&T February.. 334, 475 286,595
10, 060
N.Y.Tex. AM. February..
79,955
Tex. & N. on. February..
69, 362
666, ,552
655,507
Tot.At.System February..
.

:

I

I

1

I

1,919,610

301,404
128,297
678,578
354,526
727,246
2,137,816
364,768
805,809
534,410
122,909
230,896
2,156,910
3,216,996
505,119

2,180,446
315,152
96,202
620,811
329,230
816,375
1,811,237
370,788
1,096,535
511,004
104,323
227,704
2,323,703
3,594,399
473,174
6,285,973
6,259,714
1,406,719
332,875

6,273,000
6,216,969
1,573,566
385,627
761,492
722,574
744,358
772,699
354,712
344,226
198,228
236,439
157,406
135,288
140,290
103,747
576,935
562,888
138,635
132,349
71,169
66,672
285,733
287,001
525,921
544,267
44,092
45,608
41,628
1,658,213 1,606,869
211,062
195,588
98,732
106,404
324,0341
302,869
1,009,441 1,064,180
206,031
200,413
648,550
545,728
74,215
79,514
4,294,613 4,085,818

.

Bonki.

Loans and
Discounts.

New York

._.

Manhattan Co
Merchants'

.

MeclianlOB* ......

.

America
Phenli
City

Tradesmen's
Falton
Chemical
Merchants' Exoh.
Mechanics'

Greenwich

j

:

.

'

. .

.

Tot. Poo. Sys.. February.. 1,789, ,6431, ,456,140
February.. 2,456 ,197'2, ,111,647
Tot. of all

459,062
557,521
144,760
3,966,53"

3,4.59,463

1,337,902

1,170,775

539,189
1321,995
215,211
900,385

156,517
448,615

1,291,231
1,932,686

548,010
127,715
379,406
1,171,068

217,580
10,872,866
203,957
742,496
6,300,944
2,722,512
1,017,334
232,439
212,258
188,799
305,613
122,103
395,088
345,031
319,610
199,965
1,190,343
282,720
1,424,176
95,140
214,429

403,166
10,404
96,102
717,704
21,790
152.065
1,401,530
3,063,1187

557,131
546,642
110,263

230,2(i3

793,628
1,276,625
1,815,158

568,179
101,216
113,974
976,860
191,018
9,988,596
206,279
690,677
5,560,313
2,868,880
996,105
237,165
211,680
107,022
317,607
103,407
330,692
349,030
375,890
238,382
1,250,716
242,959
1,433,353
241,106

Commerce
Broadwar

St.

Tol. A. A.

8,251.500
6,116,300
2.312,500
6,705,600
4,286,500
1,763.400
3.52d.800
10,188.900
3,088,000

Pacific

Republic

Chatham
Peoples'

North America

..

Hanover
Irving.

.....

Citizens'

Nassau
Market

.

987,000
417.000

2,018.51)0

1,056,600
1,092.000

1,345.400

472,500
1,111.700

86 i, 200
158,800
388.000
2,705.800
609,800
592,500
270,300
559.400
232,700
615,000
537,900
614,100
335.000
4,911.200
4.601,900
103.000
225.700

2.e-(l,800
.....

...

Nicholas
Shoe A Leather..
St.

Com Exchange

Continental
Oriental
Importers'A Trad.

Park
North Kiver
East Biver
Ponrth National..
Central National..
Second National..
Ninth National...
First National

Third National ...
N. Y. Nat. Eich..

Bowery
N. Y. County
German-.^merlc'n.

Chase National...
Fitth Avenue
German Exch'nge.

Germania
ijnited States

Lincoln
Gartteld
Fifth National....
B'k of the Metrop..

2.658.100
3,314.900
1,914.000
3,190,000
5,815,000
4,731.800
1.917.800
20.452,600
21,177,000
1,715.000
1,248.100
16,971.700
9,185,000
3,103,000
5,110.600
19.785.500
6,110.700
1,213.300
2,111,100
2,058,100
2,678,000
3.45S.700
3.627.800
2,290,400
2,157,500
3.912,100
2.028,900
1,691,200
1.226.70C

West Side
Seaboard
Sixth National

b93,800
363.000
1,804.000
168.000
158,900
1,339,100

250,000
597,200
191,200
205,000
155.100
109.800
88,200
613.900
1,830,000
1,369,700
517.800
574,800
185,800
288,300
398.900
190,200
471,000
495,700
253,700
306,100
367,000
231.600
137.000
363,000
390.000
634.400
383,000
1,387,590
2,290,100

215.000
121.400
1.191,900

495,000
233.000
627.600
1,145,800

451,800
193,200
298,000
219,800
287,900
311.800
72,000
420,000
2S9.200
120,600
408,100
151,700
238,400
292,000
424,200
3i2,M00
78,800

423.200
327,800
513.500
430,700
719,800
780,8i,'0

260.000
171.500
1,002.500

371,700
271.800
296.900
1,030.600

1,542,600
1,782,700
1,590,800

333.800
220,400
120.800

Loans.

totals for several

Specie.

!£..

Tenders.

s

S.

Boston Banks.
Loans.

CTrculdtton.

»

9

10,252.000

46,000

!0.20a000
8,887.400
8,246.000
10,318,000
2,144.000
12,680,100
2,201,600
1,673,000
23,860.700
3,384,000
4,611.000
2,001,200
1,737,000
1,217.600
3,013.300
1.152,500
3,803,800
15,853.000
13,861,300
5,005.700
7,129.800
2.719,900
8.758,200
4.881,900
2,168,700
4,202,200
11,903,600
3,018,000
3.169,100
3.119.300
2.932,200
1.711,000
3,849.000
4.979.500
5.345,200
2,121,100
23,214,600
28,308,000
2,008,000
1,096.500
17.273.700
10.216.000
3,683,000
5,835,000
20.833,900
6.587,300
1,408.600
2.497.100
2,805.500
2,578.800
4.241,400
3,769,700
2,817,200
2,489,»36
4.074.800
2,757.100
1,752,800
1,532,100
1,305,300
2,0"1,600
1,959,800
1,885,400

262,000
gb'oioo

79,200
600,800
195,400
2,600
460,000
43,000

861,700
45,000
45,000
383,800
45,000
180,000
292,800
267,800

429,300
440,100
'ia.i'oo

989^000
45,000
2"22,io6

180,000
139,500
35,000
46,000
302,600
1'78,500

222,900
180,000

46,000

46,000
42,400
45,000
105,700
46,000
178,000
7,911,400

weeks past:

Deposits.

9

OiretUation Agg. Clear'gs

$

Jan. 9 339,873. 700 93,0»2,100 31,117,700 383,397,600
'•
16 339,3i.i illKl 97,072,200 33,419,400 389,902.600
" 23 ,138,697. 700 98,284. 300| 34,287,400 389,832,700
" SO 337.931,,700 100212700 33,132.400 389,954,700
Feb. 6 389,392,,000 tl9,147,200i 33.507.800 390,564,900
" 13 314.628,,400 98.105,600 35,382,800 396,080,800
" 20 348,163,,800 a7,008,700 ,33,187,700 395.091.100
• 27 319.877,.000 92,31:5,600 31.157,200 390,252.100
Mar. 6 361,639 ,901) 89,732,600 31,085,701) 393,299,600
" 13 358,888, .iOO 87.2o.-i,COI) 32,191,700 395.371,800
" 20 359,685, SOO 84.169,100 31,103,000;1391,137.200
• 27 356,058, 30(1 79,084,600 28,778,700 1380,261,600
Ayr. 3 849,808, 600 78,459,800 28.211,100 370,838.000
• 10 350,138 ,700 77.483.700 31,373,600 373.205,700
•'
17 350,567 ,700 70,882,100 32,229,000 376,753,800
" 24 351,542,,800 74,712.300 32,380,700 375,197,800

1886.

other

t*a» V.

351.512.800 74,742,300 32,380.700 375,197,800

Total

1886.

2,858,600
2.120.000
731.000
868.800
4,115,100
908,600

3,228.3'10

The following are

9

9,861,800 716.037,847
9.801.0011 853,597,235
9,690.100 722,308,330
9,599,800 818.183,909
8,811,300 778.936,454
8,61:^,900 711,701,938
8.185.700 883.189,817
8.660.100 570,399,480
7,882,500 671,207,509
7,890,500 581,369,679
7,816,100 652,118,088
7,989,800 683.711,313
7,974,100, 639,443,411
7.916.300 580,894,951
7,892,900 593.027.447
7,911.100 514,650,841

— Following are the totals of the Boston banks
L, Tenders.

Specie.

9

3,632,900
3,815,900
3,745,600
3,790,700
3,801,500
3,380,100
2.3t.7,000

2,645,200
3,352.700
3,288,800
3,309,700
:<, 124,800
2,9i'9,700

2.552.300
2,365,500
2,988,400

Philadelphia Banks.— The

Deposits."

:

Circulation Agg. Clear'gs

$

9

Jan. 9 153,703.200 10,818,600
" 18 153.702.500 10,991,100
•'
23 163,831.40(ll 11,302,900
" 30 154,058,200 11,281,100
Feb. 61 154.494.600 11,281,000
" 131 154,740,400 11,287,100
•• 20 156,474,300 11,088,500
" 27 155,201,900 11,015,500
Mar. 6 154,879,400 10.982.900,
" 13 166,874,500 10.991,200
" 20 155,551,900 10,7b3.500
" 27 154,287,100 10,878,000
Apr. 3 152,702,900 10,511,800
'•
10 162,017.800 10,615,700
" 17 160,282,100 10,111.500
" 24 119,133.300 10,535,000

113, 816,900 21,203,800
111, 200.800: 21,096,900
111, 231.300 20.773.100
113, 536,200 20.669,300
115, 952,700 20,231,000
115, 793,400 19,613.200
115, 728,000 19.582,200
115, 997, (too 19,139,200
111, 638.101) 19,152.20(1
115, 271.300 la,226,600
111,,502,400 19,170,100'
111,971,100 19,055,800
110,,818,800 18,818,300
110,,275,900 18,6,)l,90O
110,,362,800 18,592,1001
109,,389,100 18,615,7001

97,246,118
85,137,669
82.868,808
77,048.736
89,310,188
77,198,185
78,530,248
87,279,067
83,823,482
76,114,636
75,328,320
73,303,998
79,777,338
64,289,139
83,130,031
67,893,183

totals of the Philadelphia

banks

are as follows:
1886.

toon*.

I

Lawful Hfoney.

$

'9i',73i

9

632,958

4,464,617
390,071
16 ,618]
15,880
21 ,694
17,129
3,063,170!
1,635 ,14l!l ,563,9150
3,238,899
247 ,8321 195,532 3,584,1601 3,600,.596
IWest Jersey ... March
82,404
223,500
91 ,046
209,169
371.1741
Wisconsin Cent'li2d wk Apr.
29.115
390,861
29 ,531
* Mexican currency.
t Earnings of West Shore trains south of Cornwall no longer included.
t And branches.

&

Louis 3d wk Apr.
& N. MjFebrUiiry..
Union Pacltlc-...! February..
Wab. St. L. A P. j3d wk Apr.

Tex.

18,624,7l)0

..

Mercantile

448,161

145,030
1,317.870
3,139,242
4,457,112
286,139

6,589,000
1,713,800
1,561.000
1.191,600
3,605,200
1,131.200
3.460,100
16,611.000

A Tr..

1,525.000
1.118,000

273.000
3,898,500
417,800
975,600
10,374.900
587,400
929,000
585,200
83,000
132.500
617,900
303,400
401,200
3.467.000
2,576.300
976,600

3,041, 'iOO

Net Deposits

S

1.309,000

w.OLi.lOO

Leather Manuf'rs.
Seventh Ward
State of N. Y
Amerio'n Exob'ge.

Legal
Tenders.

1.2'.1,000

1,211,000

of—

..iTTtowit

»

i
11.193.000
10,361,000
7.665.0u0
8,949.000
12.226.600
2,756.000
9,555,300
2,5UB,000

Gallatin National..
Batchers' A Drov..

I

435,763
271,639
410,865
293,616
2,969,449 3,382,265
41,578
31,061
252,314
244,344
167,488
176,233
461,380
451,859
3,430,829 3,834,124
708,839
693,469
98,859
85,632
679,488
756,523
385,109
524,723
57,107
91,632
97,951
655,555
625,373
35,740
45.163
230,646
193,892
3,840,707 4,333,028
298,958
197,914
374,176
368,919
90,203
71,735
336,569
351,7(i5
1,154,856 l,180,(i3O
396,589
400,787
445,323
320,824
180,536
165,153
194,387
235,724

Specie.

16....
23....
80....

Feb.

'•

"
"

Apr.
'

82,776,'2>0

6

83,114,000
83,503,700

13

8;<,085,700

20,

20

83.377,100
83.634,600
83,251.300
83,770.800
84.299,100

27

84,90:l,100

3

81,963,100
85,300,300
88,227,100
85,111.800

27...

Mar.

82,902,200
82,552,300

6
13

10
"
17
24
•Inoladlng

the Item "due

Deposits.*

$
,007,800

,620,800

810.100
405,600
101,100
478,100
904,100

306.750
719,100
170.800

,535,800
,038,100
,741,800

590,500
583.800
171.000

,382,300
,762,000
.218,100
,981.700

730,500
704,300
815,700
.181.900

1,328,900

3,38,300

,192.800

:;95o,9()0

,673,900
496,600
319.600
097,100
to other banks."

Circulation. Aig. Clear'gs

7,366,100
7,347,000
7.334,500
7,313,500
7.323,300
7,084,500
6.975.000
8,951,500
6.213,500
6.238.500
6,291,500
8,352.000
6,289,000
8,198,500
6,203,500
6,991,600

60.867,628
53,817,653
63,527,644
48.903,228
68,023,603
48.691,961
57,624,499
13.314,393
83,685.959
51,480,248
59.138,726
53.707,402
63,972,006
50,011,663
51,197,914
47,461.267

MJ

J

May

],

1

.

. I
I

THE CHRONICLE.

1886.]

541

GENERAL QUOTATIONS OP STOCKS AND BONDS
pw m w

ikl<i-t. wii
wtt tcevir
the par onnt ralut,
tM\^Mr tho
hfk: •iK^i^^r
othiir nii'tt
nii'ir. »>,l
lM \n%
ina are rroquendr m»4e per shaM,
Qnotatl<mii In Sov York' reprenent
trto p-kr taiv tie
- -"" M," for iii irttuzo; "«, "fof >tolil: ''<'<l,"for){U4r»ateed;
U80(l, vl»:
"
The foUdWinit »hl>rovli»tlons are often
•'8n(l.."Kr(eadonad
"s. (.," for slnklnn fiiiiil; "l.(f..
oonaoU<lato<l ; "oonv.," foroimyortUilo
„.-»..
Quotations In Now York aro to Tliiiritday from otiinr oltln.i, to lute mall datea.

:"...

;

<

;

" oou.f

:

;

8nb«crlber» will conftr
United Statbs Bonds.

Bid.

mror by nlvlnz

Ask.

UNITED STATBS BONDS.
rb^..Q— M U2H 112>«
»««,
1891
COUP..Q— M 11238 11208
J>««,1891
126^8
48,
4a,
88,
6s,
6s,
6s,
es,
68,

1907
1907

U. 8
Currency, 189.5

ojitlon

Ciirreuoy,

189B

re(j...Q-0
coup.. .Q-J
reg..Q.-F.
JAJ
reg
reK....JAJ
reK....J&J
JAJ
r«R

120>4
V2r>U 126^8

100%

127J«

130
132
135
rei:....J&J 137

notice of anr orror dUeoy«r«d In Hi««« ttni»tatlon«.

CiTT 8BCDBITIB8.

Bid.

Allegheny, ra."5«,oi.
'8347.. Var. 100
4%s, coup., 1885-1901
Var. 100
4s, coup., 1901
Var. 102

Allegheny Co., 58, op., 1913.JAJi 100
100
48, riot loan, S-lOs
4s,
do
100
10-20a
do
101
68,
10-208
4s, refunded, 5-208, 1801-1906.... 102
Atlanta, Qa.— 78
Do. 88

Aak.

OiTT Baooarnas.

106
105
104
101

Bid.

LoaisWlle, Ky.-78, long date*. Var.l
78, short datea
Var.l
long
Var.l
S«.
68, short
Var.l

132
100
110
100
58,1890-1900
MAN 104
,
I/>weU, Masa.—68,1890, W. L.MANI 111
Lrnohburg, Va.—6a
J A J
J A J
, 88
Lv^nn, Mass.—68, 1887
FAAI 103
Water loan, Oa, 1894
JAJ 120
Water loan, 68, 1896
JAJ l'i!2
68,1905
MANI 113
Maoon, Oa.— 78
106
Uanoheater.N.H.— 6s, 18M
JAJl 118
Os, 1902
JAJ 128

101
101
103
103

13S
115
112
101

106%
111%

114
104
113
121
114
124
Augusta, Me.— 6s, 1887, muil..FAAt 102 103
STATK SECVRITiB^.
120
Alabama—Class "A," 3 to 5, 1906... loo's 102 Augusta, Ga— 78
Yarloae 108
115
110
106
Austin, Texas— lOs
115 120
Class " B," 58, 1906
lii'
9i)>a
Baltimore—
Cla8a"C," 48, 1906
130
6s, 10-20, 1900
J & J 108
68, oonaol., 1890
Q— 109 14 109% 48, 1911
104% 105
9>« 12
Arkansas—68, funded, 1899 ..J & J
68, Bait. A O. loan, 1890
Q— 109 Vi
sromphl8,Ton.— Tar.Dlat.81ielbT C o 92
98..
Q— Ill's
68, Park, 1890
7b, L. R. & Ft. 8. Issue, 1900. A A O 20
Milwaukee, Wis.— 58, 1891... J A Dl 100
7e, MemphLs A b. R., 1899. .A A O 20
68, bounty, 1893
130
78, 1896-1901
Var.t 108
24
21
78,L. R. P.B.AN.O., 1900..A
do exempt, 1893 ... M A B
68,
132
78, water, 1902
JAJl 110
21>3
78, Ml88. 0. A R. Rlv., 1900. -A A O 22
58, water, 1894
JAJ 113 113% Mobile, Ala.— 3-4-58, funded.. MAN 57
39
13
7
78, Ark. Central RR.. 1900. A & O
68, 1900
JAJ
Montgomery, Ala.— New 3s ..JAJ 65
75
2ifl
5
68, West. Md. RR., 1902 .... JAJ 131
78, Levee of 1871,1900
90
58, new
California—68, funded debt of 1873 112»4
58, 1916
MAN
Nashville, Teun.— 68, short
102
Oonneetlout— 58, 1897
M & N 102
4s, 1920
JAJ 115
110
68, long
New, rog., 3>98, 1904
JAJ 103
Bangor, Me.—68.RR.,1890-'94.Var.l 110 II214 Newark—58, long
110 113
100
New. reg. or coup., 38, 1910
68, water, 1905
JAJl 123 124
68, long
120
.Var.l 117
Delaware— 68
6s, E.A N.A. Railroad, 1894. .JAJl 112
JAJ' --..
112%
7s, long
132
Var.l 120
DlstrUt of Columbia6s, B. A Plscataouls RB.,'99.AAOt 118
118% 78, water, long
128
Var.l 124
Cons. 3-658, 1924, coup
F&A 11916 ll9»i Bath, Me.— 6s, railroad aid
Varl 101
102
New Bedford.Mass.-es, 1900. AAOI 135 188
119ia 1191s
S-G.'Js, 1924, reg
100 102
58, 1897.munielpal
58, 1900, Water Loan
A.AO 115 117
FuuiUng 58, 1899
J&JI 115
Belfast, Me.— 6s, railroad aid, '98.. i 104
106
N. Brunswick, K. J.— 7e,Tarloua... 100
101%
Perm. imp. 68, guar., 1891. ..JAJt 11478 11514 Boston.MasB.— 68,cur,long,1905Varl 135 136
95
68
Perm. Imp. 7s, 1891
J.feJt USia 120
68, currency, 1894
Var. 120% 121
New Orleans, La.— I»remlum bonds. 96% "OIH
Wash.— Fund.loan(Cong.)6a,g.,'92t II514 116
58, gold, long
Var.l 125 1125%
Consolidated 68, 1893
109
Var. 107
Fund. Ioan(Leg.) J8,g., 1902 Varl 129>4
4%8, 1908
AAO 115 117 Newport, Ky.—Water bonds 7-308.. 113 119
Market stock, 78, 1«92
Sll9
4s, currency, long
130 132
JAJ 108 109
New York city— 58, 1908
|132
Water stock, 73, 1901
Brooklyn, N.Y.— 7s, 1890
117 118
1105
106
68, 1887
'133
114 116
do
78,1903
6s, Water, 1891
1125
12«
68, 1896
131
Flonrida—Consol. gold 6s
J A Jt.ll4
6a, Water, 1899
136 137
132
6s, 1901
100 "a
147 149
Oeorgia-68, 1886
6a, Park, 1924
118 119
78, 1890
155 157
133 134
78, new bonds,1886
J & J I02>a 103%
78, Park, 1915
7b, 1896
102
142 144
1031s
142 143
7a, Bridge, 1002
78, endorsed, 1886
7b, 1901
110
113
155
7s, gold bonds, 1890
7e, Bridge, 1920
Q—
157
Newton—6s, 1905, water loan.. JAJ 135 136
110 111
88,^76, '86
AAO
7a, Kings Co., 1888
5s, 1905, water loan
JAJ 120 122
103 104
Kansas— 78, long
JAJ 129 135
68, Kings Co., 1886
Norfolk, Va.—68,reg.8tk,'78-85.. JAJ 106
Loulsiana^New con. 78, 1914. .JAJ 85
Buflalo, N. Y.— 7s,1895
Var.t 116
118
8s, coup., 1890-93
Var. 128
72
Stamped 4 per cent
731s
128
Var.t 131
78, water, long
8s, water, 1901
Baby bonds, 3s, 1886
PAA 51% 53
6s, Park, 1926
MA SI 116
Norwich, Ct.— 5s, 1907
AAOt 119 121
Maine— 4s, 1888
FAA 101 101% Cambridge, Mass.—58, 1889... AAOI 103% 104% 7s, 1905
J.AJ 144 143
War debts assumed, 6a,'89.A& Ol 10958 109"
6a, 1894. water loan
JAJ 119% 121
Orange, N. J.— 78, long
120
t 115
Maryland— 68, exempt, 1887. ..JAJ
104
68, 1896, water loan
JAJ 122% 124 Oswego, N. Y.— 78, 1837-8-9
68, Hospital, 1887-91
JAJ 109
6a, 1904, city bonds
JAJ * 132 134 Paterson, N. J.—7s, long
Vai|12* 125*
116 120
6s, 1890
Q— 107
Charleston, 8.C.— 6s,at'k,'76-98..Q-J 88
6s, long
6s, 1890
11*
25
Q— 106
7s, flre loan bonds, 1890
.5s, long
106 16a"
3-65s, 1897
110
JAJ 109
78, non-tax bonds
4%3, long
Maesacbusetts—5s, gold, 1891. AAO 111 112
4s, non-taxable
88
Petersburg, Va.—68
JAJ 108
5b, Kolrt, 1894
JAJl 117 II712 Cbelaea.Ma«8.—6a,1897, water loanl 122 125
88
J-s^iSS
5s, iioUl, 1897
M&8'12I 122
115%
120 125
Chicago, 111.-78,1892-99
88, special tax
Mlcblitan- 7b, 1890
113
MAN; 112
68,1895
Philadelphia, Pa.— 68, old, reg.JAJ
Mlnnesotar-New 4ia8, 1912 ..J A J1IO214 106
107
4%s, 1900
6a, new, reg., due 1895 A over. JAJ
Mlasoiirl- 68, 1886
ICOI4
J A JilOli^
3-653,1902
Var'syrs.
48, new
Funding bonds, 1894-95 ....J A J'118
115
Cook Co. 7b, 1892
Pittsburg, Pa.—4s, coup., 1913.JAJ. 104
Long bonds, '89-90
J A JlHO
Cook Co. 58, 1899
108%
JAJ. ,114 116
58, reg. and coup., 1913
Asylum or University, 1892. J A J 112
CookCo. 4%8, 1900
IO714 107»8
117
Var. 116
68, gold, reg
lOSi*
Hannibal A St. Jo., 1886.... J A J 104
West Chicago 58, 1890
7s, water,reg.Acp.,'93-'98...AAO.|125
104
do
jHl
do
1887.... J A J
Lincoln Park 7b, 1895
107% 108
58, Refunded, 1912
New Hampshire— 58,1892
110
JAJ 108 1081a West Park 7s, 1890
19l.'S
,110
do
48,
Warloan, 63, 1892-1894
JAJi:il6 120
105
115
South Park 68, 1899
Portland, Me.— 63, Mun., 1895. Var.l 114
War loan, 6s, 1901-1905
JAJ 129is:i31 Cincinnati, O.—6s, 1897
MAN! 117
MAS ,124% 125
63, railroad aid, 1907
New Jersey—68, 1897-1902.. . JAJ"! 126
1136 137% Portsmouth, N.H.— 63, '93,BR. JAJ 113 114
7-308,1902
68. exempt, 1896
J,SjJ*!H8
•-•
4s
JAJt 101 14 102% Poughkeepsie. N. Y.— 78, water
Hew York— 68, gold, reg., '87... JAJ 101
Southern RR. 7-308, 1906... JAJt 136% 140
Providence, R. I.— 58, g.,1900... JAJ 1, 118% 1191a
68, gold, coup., 1887
130
J A J 104
MANI
do
68, g.,190a
125
63, gold, 1900, water loan... J A J 128
68 goId,1891
J A J 113ii
Cur. 6a, 1909....FAAt 125
do
Richmond, Va.—68, 1884-1 914. JAJ 125
n5\
68, gold, 1892
8kg. fd. 58, 1910MANt
do
114
JAJ 146
8s, 1886-1909
104 104%
68, gold, 1893
AAO 118%
Hamilton Co., 48
JAJ 112 lis
5s, 1914-15
Wo.CaroUna—68, old, 1886-'98..JAJ 35
103 i04>a
Cleveland.O.— 7a, 1887
Var.t 103% 105
48.
6b, N C. RR., 1883-5
7a, 1894, funded debt
Var. 110
J A J U 170
AAO 123 124 Booheater, N.Y.—6s
68,
do
11170
J A Jt 137 140
7b, 1896, canal
MASll27% 128% 7s, water. 1903
68
do
7 coupons off
JAJ 140
Var. 123
6s, 1808
125
Rockland, Me.— 68, '89-99, RR.. FAA 102% 103%
6a
82
85
do
7coupon80ff
AAO 140
Var.!l02
5s, 1887-89
103
8t. Joseph, Mo.— Comp'mlse 48, 1901
1021*
Var.jl02
68, funding act of 1866 1900 JAJ
12
Columbus, Ga.— 78
Var.ilOO
St. Louis, Mo.— 68, short
112%
Var.'Ul
68,
do
1868,1898AAO 12
115
Covington. Ky.— 7-30s, long
117
63, 1892
68, new bonds, 1892-8
^'"- ,XS, 110
103
JAJ 22
7-303, short
5s, long
22
6s
do
Var. 103% 105
110%
Waterworks, 1890....
5s;iO-fO
12
68, Chatham RR
JAD.t 104 106
AAOI 10
115
Dallas, Texas— 8a, 1904
48, 1905
122% 125
Ills
6s, special tax, class 1,1898-9AAU 10
AAO
1905
HO 115
8t.L.Co.—68, gold,
10s, 1893-96
6s,
do
class 2
100 105
Water, 6a, 1900
Currency, 7s, 1887-'88. .Var. 104
108
68,
do
W'n N. C. RR.AAO
Detroit, Mich.- 7a, long
Var.t 120
St. Paul, Minn.— 68, long
115
68,
do
Wll. C. &R.. AAO .. ..
Var.l 126
78, water, long
78, long
J....
110
4s, new, cons., 1910
Var.
J A J 94's
Elizabeth, N. J.— New 43, 1912. JAJ 71
75
88. 1889-96
6s, 1919
118
119
Fall River, Mass.- 6s, 1904. ..PA Al 130
131
Salem, JIass.— 68, long, W. L. AAOI 126 123
IZO 122
OhloG8,1886
103
JAJt
J A J
FAAI 108 110
5s, 1894, gold
58, 1904, W. L
Penna.— 58,new, reg., '92-1902. FAA H914 119%
Var. 118%
58,1909
FAAI 115 117 Sa'n Francisco— 7s, school
112%
48, leg., 1894-1904
FA A 110
Pltchburg, Mass.— 6s. '91, W.L. JAJl 1 1
112
6s, park impr. of 1872
99 101
48, reg., 1912
FAA 119
Galveston, Tex.— 88,1893-1909..M A3 103
105
Savannah funded 5s. consols
nil*
110%
Rhode Isl'd— 63,1893-1, coup. .JAJ 120
JAD 95 100 SomervlUe, Mass.—5s, 1895.. AAO
58, 1920
South Carolina— 68, Act of March ?
AAOI 119 121
105 115
Hartford, Ct.— City 68, var. dates
58, 1905
6\
132
134
23,1869. Non-fundable, 1888.. 5
Capitol, untax, 6s
122 125
Springllold, Mass.—6s, 1905. .AAOI
Brown consols
AAOI 140 142
109ia 11034
102 105
Hartford Town 4%8, untax
78, 1903, water loan
Xtonneasee 63, unfunded
5314 Haverhill, Mass.—68, 1889... AAOI 106% 107% Toledo, O.— 7-308, KB., 1900.M A N
57
Oomproniise bonds, 3-45-68, 1912 66
Var.l
68
HI 113
Hobokeu, N. J.— 58, long
8b, 1893-94
Bettlement, 3s
71% 6s, long
115 117
Washington, D.C.—<$c« Diat. o( Col.
106
Texas- 6s, 1892
122 124
MAS! 112 114
Wilmington, N.C.—68
78, long
78, gold, 1892-1910
ijif
MAS) 125
Houston, Tex.— 10a
35
40
8a, gold, oott. on
119
7s, gold, 1904
JAJl 133 140
35
6a, funded
40
Woroester, Ma88.-68, 1892...A*Ol|114
Vermont—68, 1890
109% 111
lndianapoUs,lnd.— 7-30s,'93-9, JAJl 110
J
'
''^^9 JAS, 130
5s. 1905
AAO,108% 110
Virginia—68, old, 1886-'95....J A J 44
Jersey City— 68, water, long, 1895. .1108
110
48, 1905
68, newbonds, 1886-1895...J A J 41
RAILKO.VD BONDS.
7s, water, 1899-1902
JAJl 120 122
68, consols, 1905. ex-coup
(Bonds of companies amtolid'Ud »M
JAJ 59
113
7s, Improvement, 1891-'94... .Var. 1 10
68, oouBol., 2d series
befoun'l umUrtheeontol'd name.)
JAJ 65
.I,fcJlll8
120
78, Bergen, long
1X4
6«, deferred bonus
9% 10
Hudson County 5s, 1905
MAS 112 114 Ala. Gt. Southern— Ist mort., 1908; 113
Tax-receivableooup8.,fromoon8'ls 47
Uby A SuB(i.— Ist -M., 79, '88-..JAJ 108%
47% Hudson County, 68, 1903
JAJ|124
Do
CoUBol. mort., 78, 190e,guar..AAO ....,
from 10-408. 45
48
Hudson Coimty 7s, 1891
JjcO 113 115
Funding bonds. 3a. 1!)32
Consol. mort., 68, 190(>. gu;»r. AAO 120
JAJ 64'b 66
Bayonue City, 78, lonif
JAJ 112
Crr¥ SECUUITIES.
12614 i41l6Kh.Val.—Gen. M.,73-103..JAJ |121
I,awrence, Mass.— 68, 1894...AA Ot I'iO
AAOi....
Albany, N. Y.-6a,long....Varloii8l 115
BlSt.erten. .M., 78, 1910
AAO 126 128
6s, 1900
16
AAO ....
78long
Income. 78. end.. 1894
i!l29
Long Island City, N.Y— Water.7a.'95i !01 106
Currency, 1R97

(MrriMirv, 189S
CurriMioy, 1899

Waterworks

MAP

AO

JAJ

,

1

F&A

MAN
1

JAJ

I
I

-

AAO

1

AAO

I

AAO
AAO

AAO

.

j

I

'

,

—

,

An

I

<

.

'

Price nominal: no late

tram vjcious.

1

PuroUaier also p lyi iworued fnter.nt.

t

In London.

J

Pact being redeemed.

It

CoUt>oas on sluoe '69

PJ
F

F

THE CHRONICLE.

542

[Vol,,

all.

GENERAL QUOTATIONS OP STOCKS AND BONDS— Continued.
For Explanations See Notes at Head of Plrst Page of Quotations.
Bid.

Railroad Bosds.

Railroad Bonds.

Ask.

Bid.

Ask.

S71

74
31

Railroad Bonds.

Bid.

Ask.

CiuSand.&Clev.- 7s.l887,extM&S.!ll03 103
Consol. mort., 78, 1890
J&D 1105% 106
99^8 Cin.&Sp.— 78, C.O.C.& I., 1901.A&0 112
9413 96%
78, gu.-vr., L.S.& M.S., 1901.. A&O 115
J&J 1113% 114
Ciu.Waah.&B.— l8t,gu,4%s-68M&N
105
A&O U05 05 Che8hire-69, 1896-98
69, 1909 (Istraort.)
2d mort., 58, 1931
9914 Chic. & Alton— 1st M., 7s, '93. .J&J 120
65
J&J 64
M&S 99
5b, plain bonds, 1920
124
126
1903.
.J&J
mort.,
34
3d
gold.
llOQij
mort.,
g.,
3a-48,
35
100%
68.
1931. .F&A
SterUng
A<sO
4ifi3, 1920
Income Ss. 1931
16
Bds. Kan. C. line,6s,g.,1903.M&N 124
Florence* El Dor'do,lst.78. A&O H12
Scioto & Hock. V, lat, 78.... M&N
129
Miss.Riv.Bridgc, lst.,8.f.,6s,1912 1031s
K.C.Topeka&W., let M.,78,g.J&J tl2
Bait. Short L., Ist, 78, 1900.. J&J 115
Louls'a& Mo.K.,lst,78,1900F&A 119
Income 78. A&O tllS 1181s
do
Clev. Col. C. & I.— lat, 78, '99. M&N 127
2d, 78, 1900 MAN
do
1271a
N.Mex.&8o.Pac.,l8t,78,1909 A&O 127
119
Consol. mort., 78. 1914
J&D U25 128
St.L.Jack8'v.& C, l8t,78,'94.A&0
Pueblo & Ark. v., Ist, 7s, g.,1903. 12d 127
IO6I2
l8tguar.(564),78,'94A&0
Cons. 8. F., 78, 1914
107
do
J&J
Sonera, 1st, 78. 1910, guar.. J&J
Gen. con. 6s, 1934
do 2dM. (360), 7s, '98.. J&J
J&J 101% 101%
Wiclilta&S.W.,lst,78,g.,gua..l902 '117% 118
125 14
BeUef. & Ind. M., 78, 1899. ..J&J
do 2dguar.(18S)78,'98.J&J
Atlanta & Cliarlotte Air L.— l8t,79 125
Clev. & Pitta.^th M., 68, 1892.J&J
Chic.& Atlantic— 1st. 68,1920.M&N
104 105
Income, 68
F&A
87ifl
Consol. S. P., 78, 1900
M&N 131
2d, 6s, 1923
Atlantic & Pac.-l8t 68,1910;.. J&J
23i« Chic. B. & Q.— Cons., 78, 1903.J&J 135
136
Clev.& M. Val.— 1st, 78. g., '93. F&A
22
J&J
Uxoomes. 1910
tl04
105
J&D
Columbia & Gr.— lat, 68, 1916. J&J 108%
Bonds, 58, 1895
06h! 100
Central DiviBlon, old, 6s
A&O 108% 109
2d mort., 6s, 1926
76
A&O 96
58.1901
new 68
do
M&N 109 109% Col. Hock. Val. & Tol.— Consol. 5a. 85 se's
21
17
5s, debenture, 1913
do Land incomes, 1901.
A&O 109% 110
Col.&Hook.V.— l8tM.,78,'97.A&0 1113
58, 1919, Iowa Div
A&O 105 106
Baltimore & Ohio -New 48
A&O 100%
do
2d M., 78, 1892. J&J '105
do
F&A IO9J3 110% 48,1919,
68 gold, 1925
F&A 09%
113
Col. & Toledo— l8t mort. bonds .. tll4
48, Denver Div., 1922
J&D
Bterlmg, 58, 1927
95
95%
tl02
M&S
do
2dmort
48, plain bonds, 1921
M&S 112 114
Sterling, 68, 1895
123
Ohlo&W.Va.,l8t,8.f.,78,1910M&N 1 107
Bur. & Mo. R., I'd M., 7s,'93.A&0 tll8% 118%
Sterling mort., 68, g., 1902.. M&S tl21
128
Conv. 8s.'94 ser.JAJ i.
Col.Springf.&C— lst,78,1901.M&S HO 11019
do
do
68, g.,1910.M&N 126
21 121% Col. & Xehia-lat M., 7a,1890.M&S HO9I4
Bur.&Mo.(Neb.),let,6a,1918.J&J
Parkersburg Br., 68, 1919. ..A&O 122
do Cons. 6s, non-ex.. J&J 1110 110% Conn. &Pas8iimp.— M.,78, '93. A&O tl20 126%
Bait. & Pot'o— Ist, 68, g., 1911. J&J 121
)9a
96% Massawippi, g., 68, gold, '89 J&J 1103% 104
1910...
(Neb.),
J&J
123
48,
do
l8t, timnel, 68, g., g'd, 1911. A&O
Conn. West.— lat M., 7a, 1900. J&J
10
20
do Neb.RR,l8t,7s,'96A&0 H15 116
Bell'8 Gap— I8t, 78, 1893
J&J
1122
122%
S.\V.,lst,88,J&D
Connecting (Phila.)— Ist, 68 ..M&S 122
Om.&
do
F&A
Ist, 6s, 1905
112i< 112% Consol. RK.oi' Vt., lat, 58,
80% 81
ni. Grand Tr.. Ist. 88. '90. ..A&O
1913.J&J
Consol. 68, 1913
A&O 106
Cumb. &Penn.— I8t68, '91
Dixon Peo.&H., Ist, 88,1889. J&J 1110% 111
M&8
Belvldere Del.— lst,68,o.,1902.J&I! 120
130
103 105
2d mort. 68, 1888, M. & N
Ott. 08W. & Fox R., 88, 1900. J&J tl29
F&A 101
3d mort 68, 1887
1112
119>4
l8t,8a,'90.J&J
1121s
1119
Wars'w,
Cumberl.Val.—
Quincy&
Ist
M..8S.1904.A&O
Boston&Albany—78, 1892...F&A
130
Dayton & Mich.— Consol. 5s
Atch'n & Neb.— l8t, 78, 1907 M&S 1129
J&J 'HO
J&J 111914 1191a
6s, 1895
103
103%
IO312 nhlc. Burl. & Nor.— 58, 1926
3d mort., 7a, 1888, now 2d. A&O 1105%
BoBt. Ccnc.& Mon.—8.F., 6s,'89. J&J 103
20
25
Dayt. & West.— lat M.,68, 1905. J&J 1 115
Chic. & Can. 80.— Ist, 78, 1902 A&C
CouBol. mort., 7s, 1893
A&O 1113% 114
IO4I4
104
1071*
tl07i4
Ss.
Weat'u.—
let,
City
&
Ist mort., 7a, 1905
Kan.
Chic.
J&J 1122% 125
Consol nioit.,68, 1893
A&O
121
36
Delaware— Mort. ,68, guar. ,'95 J&J 116 117
Chic & East 111.— lat mort. 68, 1907
35
Boat. Hart.& E.— Ist, 7s, 1900. J&J
131
90
1907
bonds,
Del.&
Bound
B'k—
78,1905F&A
Income
lat,
lBtmort.,78, guar
J&J
114
A&O
Del.Lack.& W.— Conv.78,1892 J&D 116
Soston&LoweU— 7s, '92
A&O tll8 US'* lat, con., 69, gold, 1934
95
190
III9I3
119%
mort..
1900
Trunk1st
Mort.
Cliic. & Gr.
78. 1907
M&S ISB'b
6s, 1896
J&J
Den.&RioG.— l8t,78, g.,1900.M&N l''22%
5s, 1899
J&J tll3V US'* Chie.& Mlch.L.Sh.— lst,8s,'89.M&S 1109% 111
104
100 14
104
14
Paul—
Ist consol. mort. ,78, 1910
Chic. Mil. & St.
J&J
48,1905
M&S
General mort., 58, 1913
A&O 34 40
P. du C. Div., 1st, 8s, 1898. F&A 136
4IS8, 1903
M&N 110 no's
123
127
128
''4%
1121%
14
Denv.&R. G.W.— lat, 6a, 1911.M&S
73
P. D., 2d M., 7 3-lOs, 1898. .F&A
Boston & Maine—7s, 1893-94. J&J
I2214
J&J 134
Dcnv.S.P.&Pac- l8t,78,1905 M&N 81
85
Ist, $, gold, 78, 1902
Host. & Providence— 78, 1893. J&,T 1122
J&J 123 124% DesM. &Ft. D.— 1st, 68, 1905.J&J 86
La. C, IstM., 7s,1893
Boat.&KeveieB'h- l8t,6s.'97.J&J 111914 120>s
10
38
J&J 127
do
incomes
I. & M., 1st M., 78, 1897
Bradford Bord. & K.— 1st, 6s, 1932
10
84
I'a. & Dak., l8t M., 78, 1899. J&J 126%
1st mort., 68, on extension
Bradf.Eld.&Ciibar-l8t.68,1932J&J
120
Haat. & Dak., lat M.,78, 1910.J&J 127% 128% D.)t.&B.C.l8t,88,en.M.C.1902M&N 118
BklynBath&C.I.-l8t,68,1912.F&A
Is
99'4
100
Det.G.Haven&Mil.— Equip.6a,1918 tHO 118
Chic. & MU., Ist M.,78, 1903.J&J 130
Brooklyn Elevated— 1st mortg
133% Con. M., at tiU'84, after 6*.. 1918 )113 115
lat mort., consol.. 78, 1905. .J&J 133
2dniortg
iBt M., I. & D. Ext., 78, 1903J&J 13218 132% Det. L. & North.- l8t,78, 1907.J&J tl23% 124
Buft. Brad.& P.— Gen.M.78,'96.J&J 105
60
70
Det. Mack.& M.— lat, 68,1921. A&O
lat M.,6s, S'thwest Div.l909J&J 119%
Bnft.N.Y.&Erle-lst. 78, 1916. J&D 137 140
43
11% 25
Land grant 3%B, 8. A., 1911
Ist M., 5s. La 0. & Dav.l919J&J 106%
Buft.N.Y.& PH.- l8t,6s,g.,1921.J&J
118
J&J
80. Minn. Ist 68,1910
Dub. & Dak.— l8t M., 6a, 1919-J&J
2d mortgage, 78, g., 1908... Q—M
Dub. &S. City— l8t,2dDiv.,'94. J&J
Chic. & Pac. Div. 6s, 1910 ...J&J 122
Gen. M., 68, 1924
M&8
Dunk. A. V.& P.— l8t,78,g..l900J&D 110
do West. Div., 58,1 921. J&J 105 106
Buff.Plttsb.&We8t.-68,1921A&0
40
35
Mineral Pt. Div., 5e, 1910. ..J&J
East Pcnn.— lat M., 7a, 1888 .M&S 110
Pitts. Tltusv.& B.— 78,1 896F&A
103
Chic. & L. Sup. Div., 58, 1921J&J i'0'5'
E.Tenn.Va.& Ga.— 1st, 78,1900 J&J 122
OU Creek, IstM., 68, 1912. A&O
81
37
J&J 105
83
Wia. & Minn. Div., 58, 192 1
Ist mort., consol., 58, 1930 ..J&J
Union & Titusv., Ist, 78, '90. J&J
74
104% Termlnla as, 1914
J&J 105
ex coup's 9 to 12...
75%
do
Warren& Fr'kln.l8t,7s,'96FAA
19% 20 14
Dubuque Div., Ist. 68, 1920.J&J 119 120
Income, 69, 1931
Bofl.A Soutliwest.- 6e, 1908.. J.&J
107
Wis. Val. Div., Ist, 68, 19'20.J&J 106
Divisional, 53, 1930
J&J IO314
Bur. C. R.&N.— lst.58,new,'06.J&D 1091a llQis
105
Fargo & South.- 6e. ass. 1924. J&J
E. Tenn. & Ga., Ist, 68,'83-86. J&J 100
Cons.lst &C0I. tr., 58,1934. .A&O
142% 143
Chic.&N.W.— Consol., 78,1915.0—
E.Tenn.&Va.,end.,69. 1886. M&N 11)0
Minn. & St. L., Isr. 78, guar. J&D
140
J&J 97
Consol., gold, 7a, op., 1902. .J&D 136
Ala. Cent., Ist, 68, 1918
O.Eap.I.F.& N.,l8t,6s.l920.A&O no
J&D 136
do
Ist, 58, 1921.... A&O
do
do
reg
Ea8tom,Ma88.— 68, g.,1906. .M&S 1126 1-26%
126
Sinking fund, 68, 1929
Sterling deba., 68, g., 1906.. M&S U2'J
OaUfor. Pac— 1st M., 78, g.,'87. J&J 100
A&O 118
10814 Eliz. City & Nor.— S.P. deb.,68.A&0
95
68,1929
2dM..68, g.,eudC. Pac, '89.J&J
do
A&O
90
debent., 5e,1933.M&N 108% 109
M&S 45
do
Ist mort., 68, 1920
8d M. (guar. C. P.), 68, 1905. J&J
50
25-vr6. deb. 5is 1909
M&N 10S>4
Elizab. Lex.& Big 8.— 6a, 1902.M&S 103% 104
do
do
38, 1905. J&J
CallfomiaSo.— Ist, 68, 1922... J&J
Esean.&L.Siip., Ist, 68, 1901.J&J 116
Elmira&W'mspt— lat l>a,1910.J&J 122
130
137
M.&
Minn's,
A&O 109
Camden & Atl.— l6t,78, g.,'93..J&J
Des
lst.78,1907.F&A
58, perpetual
J&J 105
2d mort., 6s, 1904
A&O
Iowa Mid., lat M., 88, 1900. A&O 135
Erie & Pittsb.- 2d, now lat
114
126
Peninsula,
Cons. Cs, 1911
1st, conv.,7s,'98.M&S
Cons, mort,, 7a, 1898
J&J 112
J&J
Oam.&Bur. Co.— IstM., 6s,'97.F&A
Chic. & Mil., Ist M., 7s, '98.. J&J 126
A&O 100
Equipment. 78, 1900
IO6I4
1061s
116
Mil. & Mad., lat, 68, 1905. .M.&8.
Oenada So.— l8tM.,guar.,1908,J&J
Evanav. & Crawf.— Ist, 78, '87.J&J 100
2d mort., 58, 1913
M&S 86I4 8714 Madison Ext., Ist, 78. 1911. A&O 1132%
Evans. & Ind.— l8t, guar., g, 63,1924 100
107
Menominee
E!Ct.,l8t.7s,191
tl32%
116%
Carolina Cent.— l8t,6s,g.,1920.J&J
1 J&D
Evaus.& T.H.,l8t con.,6s,1921,J&J
Northwest.Un., l8t.7s, 1917. M&S 1133%
A&O 107
2d, inc.. 68. 1915
A&O 70
Mt. Vernon— 1st, 6s
135
104
104
105
g.M&N
Catawissa-Mort., 7s, 1900.. .F&A
Wlnona&St.Pet.— lst,78,'87.J&J
3e
Evansv.T.H.&CUl.— 1st, 6s,
do
2d M., 78, 1907. M&N 135
A&O 1112% 113
Cedar F.&Min.— 1st, 78, 1907. J&J 120
Fitchbure— 58, 1899
A&O tll4 115
Cedar E. & Mo.— Ist, 78, '91. F&A till 112
Ott. C. F. & St. P., ?i8, 1909. .M&S 10811
5s, l'JOO-01-02
North. Ills., Ist, 5s. 1910... .M&S 107
A&O 1120% 121
let mort., 7s, 1916
M&N 128% 129
68, 1897
122
1121%
A&O 112314 123%
2d mort.. 78, 1909. quar
Chic.R.I.& Pac— 6s,1917,coup J&J 132%
J&D
78.1894
Cent. Br. U. Pac, lata. 6s, '95. M&N 112
6s, 1917, reg
Flint & P. Marq.— M. 6e, 1920. A&O 117
J&J 133
104
Fund, coupon 7s, 1895
Exten. & col. 5s. 1934
111%
MAN
Holly W. & M., lat, 8s. 1901. J&J
J&J
105
Atch.& Pike's P'k, Ist. 68, g. M&N
Chlc.&S.W..lst,78,guar..'99.M&N
Ft. Madison &N. W., 1st 78, g., 1905
88
105
109
89%
Atch.Col.&Pac.,l8t,08,1905Q.—
Chic &St.Louia— l8t68, 1915,M&S
Ft.Woith & Denv. C— lat, 6a, 1921
105
Atch.J.Co.&W.,l8t,68,1905.Q,—
101
Chic St. L. &P.— Ist, 58, 1932. A&O
Frem't Elk'n& Mo.V.— 6s,l933A&0 1124% 127
1122%
113
Cent, of Ga.— 1st, cons., 78, '93. J&J
1151s
Unstamped..
122%
Chic. & Gt. East., lat, 78, 93-'95. 100
do
do
Certificates of indebtedaesa, 68..
114
Col.&Ind. C.,lstM.,78,1904.J&J tl22
Qal.Har.&S.A.— lst,68,g.,1910F&A
110
Cent. Iowa— New 1st., 7s '99. J&J
J&D 118 120
do
2d M. 78,1904. M&N 107
2d mort.. 78. 1905
32
Inc. bonds," debt certs.", 78,A&0
Un.&Logan8p.,lst,78, 1905.A&O tll5
Weat. Div. Ist, 58, 1931. ...M&N 100
69
88
65
Eastern Div., Ist, 6s, 1912. .A&O
Cin. & CTiic. A. L., 1886-'90
do
2d, 68, 1931... J&J
Ilia. Div., 1st, 6s, 1912
A&O 63
A&O 66
CliicSt.P.Min.&Om.- Con. 68, 1930 122%
Gal.Hou8.& Hen.— l8t,5s
liiis
Oent'l of N. J.— 1st M,78,1890,F&A 1101<
Oh.St.P.&Minn. l8t,68,1918M&N 130 132
JM
Georgia^78, 1883-90
78, conv, 1902, assented
M&N 114
North Wise, lat 68, 1930
J&J 105 107
132
J&J
68, 1889
Con80l.M..78,1899, assented. Q—
113 114
St. Paul&3.Clty,l8t68,1919.A&0
127
Georgia Paclflc-lBt, 68, 1922. J&J 109 111
48
Adjustment bonds, 78, 1903M&N lOsia 110
50
Chic. & Tomah.— 68
2d mort
82
Conv. deben. 6s, 1908
M&N
Chic.& W.Ind.— S.fd. 68, 1919 M&N 110
Qr.Rap. & Ind.— lat, l.g., g'd, 7s, g. 1124 126
Income bonds, 1908
M&N
Generalmort., 6s, 1932
109 111
lat M.,7s, l.g., gold,ndt guar. A&O 1115
Q—M
97
100
Am. Dk.& Imp. Co.. 58,1921 .J&J 96
Cin. Ham. &Dayt.— Consol.SsA&O tllO
Ex land grant, lat 7a, '99
92
lieh.&WUkesb.Coal.inc'SS.M&N
Consol. mort., 7s, 1905
M&S 80 81%
Consol. 5e, 1924
127%
A&O 1
niij
Consol., 78,gold,1900,a88'd.q-M
102
do
6s, 1905
Gr.B'y W.&St.P.— lat,68, 19 1 1 F.&A 100
A&O 1116%
109
Cent. Ohio— 1st M.. 68, 1890.. M&S
33
39
Cin. H. & L, l8t M., 7s, 1903.J&J 1116
117
2d, incomes, 1911
Cent. Pac— 1 st, 68, gold,'95-98 J&J 115% 116% Cin. & Eastern— 1st, 78, 1896 J&J
124%
40
Gulf Col. & 8. Fc— lat, 78,1909 J&J
S.Joaquin, IstM., 68, g.l900.A&0 11,9
A&O 10314 103%
2d mort., 78, 190U
2d, 68, gold, 1923
26
Cal. & Oregon, 1st, 68, g.,'88.J&J lO.Jia
Consol., gold, 68, 1912
Han. & St. Jo.- Con. 6s, 191 1 M&S 121 121%
5
92%
do
series B, 6s, 1892 105
tin. I. St. L. & Chic— Con. 68, 1920 1112
Ho'st.E.&W. Tex.— l8t,78,'98.M&N
Cal.&Or.C.P.bond8,6s,g.,'92J&J
J&J
Cin.& Indiana, Ist M.,78.'92.J&D t
112
2d, 68, 1913
Land grant M., 68, g., 1890. A&O 101 103%
do
2d M.. 78,'87-92.J&J 1110% 111
H.& Tex.Cen— lat m.,78,giiar.l891 5105
West. Pacif., Ist, 6b, g., '99. .J&J 111
100
Indianapolis C. &L., 7s of '97
1131s
West. Div., Ist, 7a, g., 1891 .J&J 496
116
t...
Oharl'te Col.&A.— Cou8.,7s,'95.J&J 115
Ind'apoli8& Cin., l8t,78,'88. \&6 tl05% 106
Waco &N.W., lat, 78,g.,1903.J&J 5101
2d mort., 78, 1910
A&O 76% 80
Cin. Laf.&Ch.— l8t,7s,g.,190l.M&S 1116
A&O 1091s
Cons, mort., 8s, 1912
Oheraw &Darl.— l8tM.,88,'88.A&0 104
56
Cin. Northern.— Ist, 68, gold, 1920,
A&O
35
Gen. mort. 69, 1921
40
2d mort., 7a
102
Cin. Rich. & Chic— 1st. 7s, '95 J&J )114
Bunt. & Br. Top -1st, 78, '90.. A&O 111
Ohes. & Ohio— Pur. money fd.,18P8
112
Cin.Rlch.&F. W.— lat, 78, g. J&D 1114
F&A
1895
mort.,
2d
78, g.,
B«ri<v» A. 1900
1109
A&O
Cin. Sand'ky & CI.— 6a. 1900 F&A 1102% 103
A&O 96 98
Cona, 3dM. 5a, 1895

Ches.&O.— 88,g.,8or.B,int.dcf.M&N
A.tcli.ToD.&a.Fe— l8t,7s,g.,'99.J&J >126is 127
68, currency, int. def., 1918.. J&J
A&O (125 126
land grant, 78, g., 1902
A&O.
IO8I4
108%
J&D
68. 1911
BlnkluB fund, 6s, 1911
Ches.O. &S.W.— M. 5-68, 1911. F&A
Guaranteed 7a. 1909 . J&J&A&O 122 125
1

1-;

t

1
1

UU

.

1

.

—

.

. . .

. .

,

.

.

.

. .

.

*

Price uomioal; no late traosaotioiis.

t

Porohaaer also pays aoorued interest.

]

la London.

i

Coupon oU.

MJJ

Mat

1,

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.

THE CHRONICLR

1880. J

513

GE>JERAL QUOTATLOy.S OP 3T00K3 AND BUND.S—Continobd.
Por B»pUnatlon» Sea Note*
RAILROAD Bonds.
111.

CiMit.— iHt M.(nilc.&8j>r.'98JAJ

l«t. Kolil.Jn. liWl
Mlilille Dlv. tvii. 38, 1921...
BtorliiiK. a. K., an, K.. 1903.

Ask.

Metrop'n Bl,— 2d Os, 1800.. ..MAN
108l« Mcxleun (Jnnt.—
Ist, 7», 1911. .JAJ
Sealed 48, 1911
JAJ
111
lOCOIIII'S
117
Deliiiiture 108, 1800-9."«
AAO
113
Berlp 108, 1889
JAJ
130 J Mexican Nat.— lat, Oa, 1912 ..AAO
Mloh. Cent.-Coimol., 78, 1002M AN

JAJ 108
ViiA

.A&O

MAN

Ten. Hen, 7k, 1897
68, lO.")!, Kol'l

J&D

Pasa or <|aatatlona.

FIrat

Bid.

J&l)

1907

Head of

120>4

tl09
Stirllmt. ifon. M.,Og, k., 189ft.A&0 !115
J&D :iii
Bterllnir. Sh. lao.-i
Cliio.SI.&N O.-lBt 00U.7B, 1897
art, Ok.

at

&AILROAD BONOt.

Bid.

MAN

100
Ml88. Ceil., 2il iiiui't., 8s ...
N.O.,7Hck.A(it.N.,l8t,88.'86JAJ flOl
2il M.,H8, !>0,ett8.A&O 113
do
A&O 112
2rtinort.debt
do
Ind. Bl. & W.-l8t, pf.,78, 1900J.feJ 120
A&O 101
l8t mort., a-O, 1909
2d mort.. ,">-(>, 1909
AAO 83

6s, 1909
5s, coup., 1931
68, reg., 1931

BAILROAD
.V.Y, Phil

{40
371a

69
70l«

23 13
132

Im

42
SUis

8i8

.V

70

mi

MAS
MAS
MAS

Ut. 6s, 101

Del

><m

MIdlMiif .N.
N. Y, WiMHl.A

Ut,<l8.1!l|<'

71
k 2il Irie
24 >4 Norf'kAW.- (ien'l .M.,flN.l!»;il
133
New River lotOs, 1932 ... .A.tu
lllii
Imiir. A Kxti^n., fia. 1934. ...KAA
111141
Adjiwtinent 78, 1924
O.— M.
,

11014

<;ouv. deb., ««, 1894

101
115

NorrkAPeter8t).,2d,88, 'OS.JAJ

1091a

Ask.
'108

1:1.

N.Y..--

BH'

Bid.

BOKOfl.

Nnr, -l8t, 1923 .J.V.I

I'j;

I

Consol. 58, 1902
111
let M. on Air Line, 88, 1890. JAJ
Air Line, Ist M., 88, guar.. .MAN 1110
Gd. Klv. v., l8t 88, KUar.,'86.JAJ 1100

I16>8

Ask.

87
87i«

»'J

JAJ
113

BouthSlde,Va..l8t,8s,'84-'00.JAJ
do
2rt M.,ext.,1899.JA.r '10^

109
do
3d M.. 68,'86-'90.JAJ 1105
KalamazooAH. IL,l8t,8s,'90.MAN I109»s llOis
Va.ATenn.. 4th M.,88, 1 900. J.tJ 1128
Sill
J.L. A Sag.North Ext.,8a, '90.MAN
do
extonde<l 5a,1900.J.VJ 10.^
34
do
Xncome, 192 1
Coiia.l8tM.,88,'91.MAS 1117!^ lis
North Carolina— .M.. 88, 1888. MAN 106 110
102^
£a8t.Dlv..l8t mort. 68,1921. JAD
do
68,1891
MAS 105
North Penn.— 2a,78, 1896. ...MAN 1271* 130
1071a
Joliet A N.IniI.,l8t,78 (gimr.M.C.) 120
Ind. Deo. ASp.— lat, 78, 1906. AAO
Gen. mort., 78, 1903
JAJ 134
Mleh. A Ohio-lst, 6s, 1923 ..MAN
2d mort., 58, 1911
JAJ
Now loan, 6s, reg., 1905
HAS 113
33
95
2d, Income, 1906, Fr Co. cert. JAJ
Midd. Un. A Wat. Gap- Ist mort
Northcast.,8.C.— l8tM.,88,'99,MAB! 133
New l8t mort. 68, funded
2d mort. 58. quar. N.Y. 8. A W.
621a 70
2d mort.. Sa, 1899
MAS 133
Ind'iioli8,t St.I,.— lst.78,1919.Var I112>«
MI1.L.8.AW.— l»tM.,6a,1921.MAN 120 >s
Northern, C»l.— lat, 6s, 1907.. JAJ 1151s iia
Mich. Dlv., Ist, 68, 1924
Ind'iipoliBAVlii.— l8t,78,1908.FAA 1120
Northern Cent.— 4 is per cent. .JAJ 107%
JAJ 115
2d mort.. 6s, R., KUtir., 190O.MA.\ 1102 "a
Ashland Dlv., Ist 63, 1925. .MAS
3d mort., 68,1900
AAO 121
104 108
lat, incomes
Int.AGt.North.— l8t,68,1919.MAN 117
Con. mort. ,68, g., coup., 1000.JAJ 122
t22>«
88 la
108 109
Coup. 69, 1909
St. P. E. A Or. Tr'k, Ist, guar., 68
mas' -•-.
113
Os, g., reg.,1900
AAO
112i« Mil. A No.— 1st,
105
Ionia A LaMHin»<— l8t 8s, '89. .JAJ 1 1
^s
Mort. bds., 5a, 1926, series A JAJ 109 >s
68, 1910. ...JAD
103 14
Iowa CltyA West.— l8t,78,1909.MAs[ HO
1st, 68, 1884 1913
lOSis
do
JAD
series B
136
I'a Falls A Sioux C.—l8t,78,'99AAO I132>s i33'
Mlnn'p. A 8t. L.— Ist M., 1927. JAD 135
Con. mort, stg. 68, g., 1904. .JAJ 115
117
93
Jeflerson— Hawl'y Br. 78, '87.. JAJ
l8t M., Iowa CityA W., 1909. J AD 125
Northern, N. J.— lat M. 68, '88 JAJ ' 1 00 102
1st mort., 78, 1889
2d mort, 78. 1891
JAJ 104
North. Pac, P. D'O Dlv.—6e, .MAS. '04
JAJ 102
104%
Jell. Mad.A Ind.— lat, 78,1906. AAO 114
Southwest. Ext., lst,78,1910. JAD
Mo. Div. 6s, 1919
MAN 10618
2d mort., 7a, 1910
Pacific Ext., 1st, 6s, 1921.. AAO 109
JAJ 117
Gen'l 1. g., Ist, 6a, 1921
JAj' 115% lie
99
Junction (PliU.)— lst,4ifla,1907 JAJ 110
Imp. A Equip. 68. 1922
Gen'l 1. g., lat, 68, reg
JAJ
JAJi 114% 115>a
2d mort.. 68, 1900
1021s
AAO 113
Minn. A N. W.-lst. 58, 1934.. JAJ 101
Gen. land gr.,2d, 68, 1933... AAO| 93 •< 94
Kaii.C. Olitit'n A 8prim;tteld — lH.5a 101>s 105
Mies.ATenn.— IstM., 88,8erle8"A" 119 1'20
North. Pac. Ter. Co. -l8t,68,'33.JAJ lom 104%
K.C.Ft.ScottAO.— lat,78,1908JAl> ins nsia
88, Beries"B"
JAJ 1061s 1071a, James Rlv. Val.— l8t,g.,6B.'36JAJ 105
Pleas. Hill A De Soto, l8t,7s, 1907 tI28'9 12914 Mo.K. AT.-C(ms.asa., 1904-6.FAA 1131s 1141a Norw'hAWorc'r— 1st M., 68.'97.JAJ 1119% 120
Kansas C. Lawr. A 80. Ist, 6s. 1909 1113 114
931a OKd'nsb'gAL.Ch.— 1 st M.6s,'974AJ 1105
Consolidated Gs, 1920
103>9
JAD 93 78
K.C.St. Jos. A C.B.— M.78,1907. JAJ 1261s 127
1«
Consolidated .58, 1920
Sinking fund, 8a, 1890
JAD 78
MAS 1100 112
111% 1st, 6a. g., 1899. (U. P. S. Br.)J A.I 105
K.C.Spr.&.Mem.-lst.es, 1923. MAN
Conaol. ,68, 1920
AAO 96 07
Kentucky Central- 68, 1911... JAJ
29
Boonev'oB'ge,78,guar,1906.MAN
Income, 38 A 681920
80
Stamped Is, 1911
Ills
Han. A C. Mo., lat 7a, g.,'90.MAN 114 115
Ohio Ceu.—Rlv. Div., let, 6s.. 1922
J&J 68^8 70
105%
KeokukADes M.— l8t,58,(fuar.A AO 109 110
1%
Mo.Pac—
do
lat mort.,68,gld,'88, FAA
Income, 68, 1922
94I3 951s
Knoxv. A Ohio Ist. 68, 1925.. .JAJ
Conaol. 68, 1920
MAN 11^ 113 OhloA Miss.—Cons. 8.F.7b,'98.JAJ
122
97
95
UErle A West'u— l8t,68,1919.FAA
2d mort., 78, 1891
Cons, mort., 7a, '98
JAJ
JAJ 120 124
30
24
115
Income, 78, 1899
Car. B., l8t mort., 68, g. '93..AAO
2d mort., 7a, 1911
AAO
85
Baudusky Div., 68, 1919 ....FAA
lat gen, 5a, 1932
3d mortgage, 7s, 1906
MAN 122
93
JAD
19
96% 99
do
income. 1920
Income, 78,1892
l8tmort.,Sprlngf.Div.,1905 MAN
MAS S2ia
102
Lft/.Bl.AMun.,l8t, 68,1919. MAN 100
Ohio Southern— lat 6s, 192 1 .JAD 104 105
Mobile A O.— lat pref. debentures..
35
44
30
40
do
Income, 78, 1899.
2d income, 6s, 1921
2d pref. debentures
38
34
Lake Sliore A Mich. So.—
Old Colony— 6s, 1897
3d pref. debentures
FAA 1121% I2214
CI. P. A Ash., new 7s, 1892. .AAO
4th pref. debentures
68, 1895
JAD III914 119i«
Bnfl.A E., new bds. M.,7r,'98.AAO 122>< 125
New mortgage, 6s, 1927
78, 1894
MAS 1123 1231a
JAD 113
Butr. A State L., 7s, 1886
4iaa, 1904
JAJ
Collateral trust 68, 1892 ....JAJ
AAO 112 II214
10231 1031*
Det.Mon.A Tol.,l8t,78,1906. KAA 120
lllia
Bo8t.C.AFItchb.,l8t,78,'89-90JAJ nil
lat extension 6a, 1927
Q-J
Kalamazoo Al. A Or.K., 1st, Sa.JAJ 107 107i< Morg'n'8La.ATex.,l8t,6a,1920JAJ III1.J 112
B. C. F. A N. B., 5a, 1910 ..JAJ 113% 114>a
118%
Kal.&Selioolcraft.lst,88,'87.JAJ
N. Bedford RR., 78, 1894 ..JAJ t 1211b 123>t
lat mort., 73, 1918
AAO
ii6i« Morria A Eaaex— Ist, 7s, 1914 MAN 145
Kal.A Wh. Piseon,l8t,78,'90..JAJ
Oreg.ACal.— latOs, 1921. ...'.. JAJ 90
Dividend bonds, 78, 18P9. .AAO 122>a
1141a
2d mon., 78
FAA
2d mort, 78, 1891
127
99
IkS.&M. 8., eons., op., Ist, 7s. JAJ 1291s 13014
Oregon A Trau8cont.—6a,1922MAN
99%
Bonds, 78, 1900
JAJ
128
do eon8.,reg.,lst.78,1900.Q—
128 129%
Oaw.ARome—
mort.,
General
78, 1901
AAO 13818
Ist M.,78. 1915.MAN 1125
do eons., cp.,2d,78, 1303. .JAD I2414 1241s
Panamar-Sterl'g M.. 78. g. '97.AAO tllO
Conaol. mort., 78, 1915
JAD
do cons., res.,2d,7s,1903. JAD 124 1211s Nashua A Low.— 6s, g., 1893. FAA 111 lllia
Sinking fund sub., 68, 1910. MAN 100
112 113
102 ibs"
Mahoning Coal RK. 1st, 58. .JAJ
105
Subaitly bonda, Eng. iasue, 6a
5s, 1900
130
tawrence— 1st mort., 78,1895.FAA
50
ParisADec't'r—
l8tM.,7a,g..'92.JAJ
Naahv.Ch.A St.L.— lat, 7s,1913 JAJ
I.ejugh Val.— l8t,6s,coup., '98. JAD 125
134
Penn.RR.-G6n.M,6s,cp.,1910Q—
2d mort., 68, 1901
JAJ
l8t mort., 68, reg., 1898
133
Gen'l mort., 68, reg., 1910.. AAO
JAD 1251s
Nashv.A Decatur-l8t,78,1900.J AJ
2d mort., 78, 1910
Cons, mort., 68, reg., 1905.. O—M 1-28
Natchez Jack. A Col.— 1st, 78, 1910
MAS 141
136
Gen. M., s. f., 68, g., 1923. ...JAD
do
6s. coup.. 1905.. JAD 125
Newark A N. Y.— lat, 78, 1887.JAJ 104
L. Miami— Renewar58,1912.. MAN HOi»
Collateral trust, 4ias, 1913. .JAD
'New'kS'setAS.- lat.78,g.,'89.MAN lOlii
L.EocKA Ft.8.— l8t,l.gT.,7s '95.JAJ 113 H3is N'burghAN.Y.— Ist M. 78,1888.JAJ 100
JAD 113
Conaol. 5s, 1919
110^8
100
Ix)ng Island— l8t M.. 78, 1898.MAN
Penn. Co., Os, reg., 1907.... Q.—
New Jersey A N. Y.— Ist mort
Ist coneol. 58, 1931
112
107
901a
do
Ist i£,4ia8, ig21.JAJ 105
N. J. Southern— lat M.,n6w 68.JAJ
Q— llOMi
114
South Side, 1st, 78, 1887
Penn. A N.Y.Can.- let. 78, '96. JAD 122
MAS tlOl
N.Y. A Can.-£ M., 68, g., 1904.MAN 112
llOia
135
Xfewtown A Fl., 1st, 78, 1891
JAD
lat mort., 78, 1906
N.Y.Cen.AH.-Debt cert. ex.DsMAN
l..I.City A Flushing— Ist, 65,1911 ibo
Pensacola A Atlantic - 1st m.. FAA
JAJ 1371a
Mort., 7a, coup., 1903
Lon'v.C.A Lex.— l8t,78,'97 JAJ(ex) 11514 llSSi
Peo. Dec. A Ev.— lat, 68, 1920. JAJ 111
JAJ 137 "a
Mort., 78, reg., 1903
109
65
2d mort.. 78, 1907
68
Incomes, 1920
MAS
AAO lis 1161s Debenture fts, 1904
Loui.sv.A Na.sh.— Consol. 1st, 7«.'9S
121
Evansville Dlv., 1st 6s,1920.MAS 108
Sterlingmort., 6a, g., 1903. ..JAJ
ee
Cecllian Br., 78, 1907
income, 1920
do
MAS 108
New York Central— Us, 1887. JAD lOoia
idi" 107
92
921s Peo.APekinUn.— l8t,6s,1921.Q—
JjOUisviUe loan, 6s, '86-'87. AAO
N.Y.Cbic.A St.L.— l8t,U8,1921.JAD
9J
70
Leb.-Knoxv. 6s, 1931
Perklouien— 1st M., 6s, 1887. .AAO
MAS
MAS
2d 68, 1923
60
Ix)ui8. Cin. A Lex., 68, 1931.MANI ....
58
Cons. mort.. 68, 1913, sterling ...
N.Y.CityA No.-Qen'l,6s,1910MAN
59
Mem. A 0.,8tl., M.,78, g.,1901JAD J121 123
Petersburg -Class A, 1926 ....JAJ; 109
Trust Co. receipts
128
AAO 103 )
M.AClark8V.,8t'g,08,g.,1902 FAA'tllS
119
Class B, 1926
N. Y. Elevated.— 1st M., 1906.JAJ 125
23
K. O. AMobUe. 1st 68, 1930.JAJI
Phlla. A Erie— 2d M., 78, 1888. JAj! lOSM
1021s N. Y. A Greenw'd L.— Ist M. luo. 6s
127
do
7
91
2cl, 68, 1930. ...JAJ'
Gen. M.. guar., Oa, g., 1920. .JAJ 1125
2d mortgage income
Pensacola Dlv.,l8t,0s,192O..MAS
SunburvAErie, Ist M.,78.'97.AAO
91
N.Y.AHarlem— 7a,ooup..l900.MAN 137
129
Bt. Louis Dlv.. Ist, Us, 1921.. MAS 104
Phila. A Read.— Ist, 6s, 1910.. JAJ
N.Y. Lack. A W.-lst. 68, 1921.J,Sa 128 132
AAO 116 1171a
do
2d., 38..19S0.MAS1
2d, 78, '93
52.18
FAA 109
2nd, 5s, guar., 1923
25
*>• •
Bash. A Dec., 1st 78, 1900. ..JAJ 118
JAJ
122
Debenture 68, 1893
N.Y. L.E.A W.— l8t,78,'97,ext.MAN 1'27% 129
K. H. A N., Ist 68, 1919
Consol.M.,78.1911,reg.Aop.JAD 126 1271*
JAD II6I2 118
2d mort. exten., 58, 1919 ...MAS 116
n«
JAI) 114
Gen'l mort., 6s, 1930
Conaol. mort., 68, 1911
.MAS lllia
J&D 103 105% 3d mort. 01. 413a, 1923
Bo.ANo. Ala., 8. F. 68, 1910 AAO
Improvement mort., 6s, '97. AAO 103 104%
1061a
4th mort., ext., 5s, 1920.. ..AAO 1121a
JAJ 91% 04 >a
l8t mort., sinking fund, 8s ..
Gen'l mort., 68, 1908
106 110
JAD 10913
5th mort., 78, 1888
JAJ 26
Trust liond8, 68, 1922
Il2l8
1331a
Convertible, 78, 1893
g.,19'20
MAS
Q— lOlia
Ist cone. M., 7a,
Ten-forty 63. 1921
MAN 51 36
90
due. 5a, let series
JAD 99
M^fcx
New 2d oona. 68, 1969
30
33
FAA
Pensa. A Atl.— l8t,68,gu,'21.FAA
90
series
90
Cons.
6s,
2d
ex June, '86, coup
do
42
JAJ
L'BV.N.A.A Chic.- lst,«8,1910. J AJ
IIII4
Conv. a4). scrip
Collateral Tr. 63,1922
.MAN
22
is
coupons
..
Gen. mon. 6s, 1914
deferred
89
for
6
Scrip
JAD
Fund. 58, 19U9
AAO
7
ISO's!
Deferred income
Lo'l8V.N.O.ATex.-lst,5s,1934.MA3
90 5«
lat con J. f uiid coup.,7s,1920 MAS
*«H
MalneCent.— .Mort. 78, 1898... JAJ ,121 1>23
Income mort., cons. 78, '96, JAD 46
JAD
2dcon3.f'd cp., 5s, 1969
70
no
Exten. bonds, 68, g., 1900... AAO 111
113
CoalA I., guar.,7s,'9'2,ex.op.MA;
Reorganizat'u 1st lien, 68, 1908
109
Cons. 78, 1912
Phila. Wil. A Bait.—«s, 1892.. AAC 1107
Gold locoiue bonds, 68, 1977
AAO 130 132
115
lis
AAO tl07i«
AJidroscog. A Ken.,68, 1891.FAA 106
108
Us, 1900
Long Dock mort., 7a, 1893. .JAD 113
109
JAD
Leeds A Farm'gt'n, 68, 1896.JAJ 111
113
.5s, 1910
con. g., 6s, 1935 ..AAO 1141a
do
JAJ 101% 102
Portl. A K.,Cone. M., 68, '9o.AAO '112
114
Trust certs., 4s, 1921
S.Y.A Jf.Eng.— 1st M., 78, 1905JAJ 12a 131
60
681a
Pittsb.Bradf.A B.— l8t,68l911AAO
Debenture, 68, 10-20
106 108
JAJ 118
Istmort., 68, 1905
123
Man. Beach Imp.,lini.,7a, 1909, .MAS
FAA 109% 110 Pltt8b.C.ASt.i.,.-l8t,78,1900.FAA
81
2d mort., 6s, 1902
AAO
1913
91
N.Y. A Man. Beach. Ist 78,'97,JAJ
2d mort., 78,
PA A 89
•2d, 6a (scaled to 38)
i09""
Marq'tte Ho.A O.— Mar.A 0.,88, '92 iVeia lis
1121a PitUb.Cl.A Tol.-l.'t, 68, 1922. AAO
N. Y. N. H. A H.latr.48,1903.JAD 111
•••••
lstM.78,'98.J>tJ
68,1908
MAS lOiifl 109 N.Y.Oot.A W.-lat,g.,08.l9 ^4.MA^ 106 IO614 PittsD.ACou'Usv.41
Sterling cons. M.,6s,g.,guar.JAJ tVi\t
6s, 1923 (extension)
JAD I03?i IOII4 N.Y.Pa.<fcO.— Ist, inc.,aco.78, 1905 ;40
144
t«9
Var
AC.-lst,7s,1912
110
Pittsb.Ft.W.
6s, 1925 I.Mary. A West.).... JAD
99
prior lien,inc.ao.,3-68,'95 tl05
9^
do
^,
143
JAJ
12
:ii
2d mort., 78, 1912
Mem..tL.R'ek— Ist iui>rt.,8s, 1907. 107 109
2d mort. ino
136
AAO
••"..
1912
Memph.* Chart.- l8t,7s, 1915.JAJ 125
6
3d mort., 78,
3d mort. Ino
J*
lst.6s,1932.JAJ
McK.A
76
Pittsb.
2d mort., 73, expended
tr'8t'73,Trn8.oer.78
L.rental
124
ff*.
L'sfid
JAJ
70
PItUb. A West.- 1st mort
l8t consol. 78, 1915
50
West. ext. certifs, Ss, 1876.. JAJ (49
JAJ 1171s
Portl'ndAOgb'g— l8t68.g..l900J*J 100
let. cons.. Teun. lien, 78,1915 JAJ 125
SO
do
78, guar. Erie !45
do
40'
35
M..B«.«r..l<'«l..MAN
lat
Vt.
dlv..
Metrop'n EIbv.— ist. 6h. 190S. JAJ 117
y.Y.Pmv.AB'n— Oen.7«. 1 "^on J*J
'

.

U

i

.

;

,

.

I

1

iim

.

.

.

m"

!

1

1

m

Y—

* Price

nominal; no late transactions.

t

Purohaaer also pays accrued Interest.

{

In I<oudon.

}

Hi-

Coupon

off.

J

.

.

.

THE CHKONICLE.

544

..

[Vol.

iUL

GENERAL QUOTATIONS OP STOCKS AND BONDS— Oontincted.
For Erplanatloas See Xote^
Railkoad Bonds.

Bid.

Port Royal & Aug.— let, 6s, '99 J&J 104
Income mort.. Da, 1899
J&J 35
Een.&S'to/ia^lst 78,1921 cou.M&N 145%
Kich'd & AUegh— let, 7b, 1920. J&J
Trust Co. receipts
68 M

Head of

DtahC-Utah

Bo.,gen.,7s,1909

J&J

do ext,lst,78,1909J&J

& Bl'k R.—Mort., 78, '91. J&J
Ver. & Mass.— Guar. 5b, 1903 M&N
71cksb. & Mer.—New iBt inort

U:loa

69 >a

& Petersl)., 88,'84r-'86...A&0
M&N 128
New mort., 78, 1915
US'*
RIt. & Clies., 8s.
M&N 104 106
2d mort.,'6s
Booli. & Pitts., 1st, 6S.1921...F&A 115
J&D llOia limi
Consol. let, 6s, 1 922

Eloh.

Richmond York

.

Income, 1921
KomeWat'nAO.—S.F.,7s,1891.J&D

do

2d

117>a

95
Ck)nsol., Istex. 58, 1922. ...A&O
72
InoomeTe, 1932
110
Eutlanu— l8tM.,6s, 1902. ...M&N I109>s
90
F&A t88
Equipment, 2d mort., 5a
Bt.Jo. & Gr. Isl'd— l8t,guar.69,1925. 109 k 111
60
63
2d mort.. Incomes, 5b, 1925
Bt.L.Alt.&T.H.— 1st M., 7s, '94.J&J 117
2d mort., pref., 7s, 1894, .... F&A 112 114
M&N IO8I4 110
2d Income, 78, 1894
40
Dlv. bonds, 1894
BeUev.& 8.ni.,l8t,8.P.88.'96.A&0 115
BelleT.& Car., Ist 6s, 1923.. J&D 111 113
115
Bt. LoulB & I. Mt.— lst,7s. '92,F&A 114
M&N 116>s
2d mort., 7s, g., 1897
Ark. Br. 1. gr., M., 78, g., '95.J&D 114i«
116
Oatro Ark. & T.,l8t,78.g.,'97.J&D 114

M&N

2d, 78,guar., '98

.

118

General mort., 68, 1921
A&O
Bloux C. & Pac, Ist M., 68,'98.J&J
Bodus Bay& So.— lst,58,g.,1924J&J
Bo. Carolina— l8tM.,6s,1920..A,kO
2d mort., 68, 1931
J&J
Income 6s, 1931
Bo. Cen. (N.Y.)— Consol. mort., 5s..
8o.Pao,Cal.—lst,6s,g., 1905-12 A&O
Bo. Pac.Ariz.— l8t,68,1909-10.J&J
Bo. Pac. N. M.-l8t, 68, 1911 .J&J
Soutliwestern(Ga.)— Conv.,78,1880
Staten Isl. Rapid Trans.- 1st mort.
Bommit Br.— Ist, 78, 1903
J&J
Bunb.Haz.&W-B.— l8t,58,1928M&N
2d mort., 68, 1938
M&N

122
122

7ois

Ist, 6s,

.

35

109%
05

.

.

I

106% 107%
IO414

103%
110
109
100

tuo

133'8

73
126
lC4is

1912. ..M&S

& Pac— Ist, 68, g.l905 M&S 106

Consol. mort., 6s, gold, 1905. J&D

and land gr., reg., 1915. July
Ist (RioGr. DlT.), 6s, 1930. .F&A
do
ex Aug. coup.
Gen'l mort.& tenn'l 6s, 1905 A&O
N.O. Pac, 1st, 68, gold, 1920. J&J
Texas & St. Douis— l8t,68,1910 J&D
Land grant, incomes, 1920
Mo. & Ark. Dlv., 1st. 68.... 1911
Inc.

Tol.A.Ar.&N.M.— l8t,6s,1924.M&N
Tol.A.A. &Gr.T., lst,6s,1921.J&J
Xol. Cln. & St. Louis— 1st mort.. ..

Income
Tol.Ders& B.— 1st main, 6s. 1910
do main line, inc, 6s, 1910
T0I.& Ohio Cent.— l8t, Ss, gu.193.5

& West.,l8t 7s, 1917.. .<i—
Trust Co. receipts
United Go's N.J.—Cons.,68,'94.A&0

86
351s

37

49%

56"

.

30
vB2i6

82
10
51

85

52

831s 861s
100
f98

97

98

90

92'

Tol. P.

Bterllng mort., 6s, 1894

M&S

!113

I^and Grant, 78, 1887-9
Blnk. F., 88, 1893

A&O
M&S
M&S

104

sterl. 8b, g., '96.A&0
Collateral trust, 68, 1908 ....J&J
do
5s, 1907....
Kans. Pac, Ist, 68, 1895....
M.,
do Ist
6s, 1896

tl20

115

do
68,1901
M&S J120 123
Cam. & Amb.,mort., 6s. '89.M&N 110 IIOI4
Union Paciflc-lst,68,g.,'96-'99J&J II714 1171s
Reg. 88,1893

Om. Bndge,

J&D
F&A
J&D

11713

120
125

113
115

do Denr. Div., 68
M&N II412 101%
do Ist cons. M.,6s,1919 M&N 1041s 105
Oregon ShortrL., 6s, 1922 .. F&A lOIis 101%
Utah Oen.— l8t M.. 6s. c.lSOO.J.Va 90
95
* Price

nominal no late transactions.
;

t

.

KAILKOAD

2718

& New Orleans— Ist.Ts. F&A

Sabine Dlv.,

Texas

I

.

88

Tex. Cent.-lst,sk.M.,78,1909M&N
l8tmort.,7s, 1911
M&N

j

I

-21s

60

. . .

I

1091* 110
100 Hi

Busp.B.&ErieJimc- l8t M.,78
Byr.Bing.&N.Y.—con8ol.7s,'06A&O 133
Texa8

121

60

109

98

H

91
63
58

33

16
13

100 97
100 142

2dpref....l00

Cheshire, pref

.

117

.

2d mort., 78, sink'gfd
A&O
Consol. 7s, 1910
J&J
Bhenandoau Val. -l8t.78,1909. J&J

15
10

.

11014

113
118
121
120
115
Bt.P.&Nor.Pac.-l8t,6s,1923.F&A tll3
B«ndU8kTMan8f.& N.— 1st, 78,1902 tll6
B»v.Fl.&W.-At.&G.,con.7s,'97.J*J 119
8.6a.& Fla., Ist M. 78, 1899, M&N tH9
89
Boioto Val.— lBt,7s. slnk'g fd..J&J

.50

Ask

Bid.

Ist pref... 100

.

IlOis
Cairo & Ful., l8t,l.g.,7s,g.,'91.J&J
92
90
Gen. con. r'y & 1. g., 58.193 1 A&O
8t.L.& S.Fran.— 2d, cl.A,1906M&N 113
M&N 113i«
Sd M., class B, 1906
M&N 113
do olassC, 1906
Bouth Paclflc— Ist M. 1888 .J&J loo's
95
Kan. C. & Sw., l8t,68,g.,1916..J&J
Pierre C. & O. Ist, 68
F&A 103
J&D 103
Equipment78. 1895
General mort.. 6s, 1931
J&J 103 16
F&A
Trust bonds, 68, 1920
M&8
8t. L. W. & W., 68, 1919
BtL.Vand.&T.H.-l8tM.,78,'97.J&J 121
M&N 102
2d mort., 78, 1898

& Duluth— Ist, 58, 1931. F&A
BtP.Mlnn.A Man.— Ist 78,1909 J&J
A&O
2d 68, 1909
M&N
Dak. Ext., 68. 1910
J&J
iBt consol. 68, 1933
Minn's U'n, Ist, 68, 1 922 . . .J&J

113
94

41

& Ohio,

I

94
69

Bt. P.

80

109
112
86

Chesapeake
do

•.

50

J&J 109

mort., 7s, 1892

Railroad Stocks.

Ask.

90

Clilcago& Alton
142
5
Chicago & Atlantic
66"
65
Chicago Burlington & North.. 100
Clilcago Burlington & Qulncy. .100 13214 132%
121s
120 isfiii Chicago & Canada Southern
2
5
117 1171a Chicago & East Illinois
88
90
106 107
4
Chicago & Grand Trunk
86I4 86^%
68
Chicago Milwaukee & St. Paul. 100
lOiHi 106
do
pre!., 7.100 1181s 119ifl
88
91
Chicago & North Western
100 10614 1061s
Incomes, cumulative
138
do
Pref., 7.. 100
Wabaah— 1st, ext., 78, '90, ex. F&A 11358 1141s
90
A&O
Chicago Rock Island & Pac. ..100 125 126
Mort., 78, 1879-1909
12
Chic. St. Louis & Pitts
100 10
2d mort., 78, ert. 1893, ex. .M&N 103
32
6
M&N
do
pref
100 28
Equipment 78, 1883
3914
51
J&D
Chlo.
St.
P.
Minn.
100
1920
&
Cm.,
com..
391s
Gen., 68,
do
J4J 87
pref.. 100 101is!l02
Chic. Div., 5s, 1910 gold
50
75
51
Chicago & West Michigan
J&J
100
Havana Dlv., 68, 1910
Cln. Hamilton & Dayton
100 130
Indlauap. Div., 6s, 1921 ....J&D
80
106
1921
J&J
do
Pref
Detroit Div., 6s,
82
85
Cin. Indlanap. St. Louis & Chic 100
Qulncy Mo.& P.,l9t,68, Kaar.1909
88I2 96
Cincinnati & MUford
J&J
Caii-oDiv.. 5s, 1931
40
45
921s 98
Cmcinnati N. O. & Tex. Pac. .100
Cons, mort., 7s, 1907,oou.,.. .Q-F
F&A 108
Cin. Sandusky & Cleveland
50
l8t. St.L. div.,V8, 1889
F&A 111
do
Pref., 6.50
Gt. West., Ill.,lst, 78, '88
1
Cln. Washi ngton & Bait
2d, 7s, '93.... M&N 103ifl'104
100
do
3
M&N 96
do
pref.. 100
Q'noy & Tol., Ist, 78.'90
48
'88.
M&N
Clev. Col. Cln. & Indianapolis.. 100
491s
Han. & Naples, let, 78,
5
F&A
41s
Cleveland & Canton
I11.& 8.1a.,l8t, 6s. 1912
22
23
do
do
Pref
8t.L.K.C.&N. (r.e8t.&R.),78.M&S 1121s 115
93
Clev. & Pittsburgh, guar., 7
50
do Om.Div.,l9t7s,1919.A&0 91
80
Columbus & Xenia. guar., 8
50 ieo'
do Clar. Br.,6s, 1919..F&A
30>4
Col. Hock. Val. & Tol
100 30
do No. Mo., iBt, 1895. ..J&J 116
51
103
52
Columbia & Greenvllle,pref....lOO
do St. Cha'9 Bridge 68, 1908
951s 105
Wab. Fund. 1907- Var. 78. F&A
Concord
50 xl06 107
F&A 75 78 Concord & Port8mouth,guar.,7 100 118
Various 68
do
91
92
Connecticut & Passumpsic
W.St. li. & P.— rowaD.68. 1921U&S
1 00
Trust Co. receipts
Connecticut River
100 183 1831a
Warren (N.J.)— 2d, 7s, 1900 ..A40 120
Daubury & Norwalk
50
W. Jersey & At. Ist M.,68l910M&8 1081s
Dayton & Michigan, guar., 3 is -50 62
J&J 1161s
do
Pref., guar., 8.50 160
West Jersey -iBt, 68, 1896
146
A&O 125
Delaware & Bound Brook
100
Ist mort., 7s, 1899
A&O 119
Delaware Lack. & Western
Consol. mort., 6s. 1909
50 125 125ie
J&J 102% 103
Denver & New Orleans
West Shore guar. 48
15% 15%
Denver & Rio Grande
100
West'n Ala.— 1st M., 88, '88. ..A&O 104
23
24
A&O 106
do
Trust Co. receipts..
2dmort., 8s, guar.,'90
18i«
17%
Denver & Rio Grande Western
W'n Maryl'd— Eiid,l8t,68,1890.J&J 1031s
2
1st mort., 68, 1890
J&J 1031s
Des Moines & Fort Dodge
10%
Pref.
End., 2d mort., 68, 1895
J&J 1031a
do
do
64
67
J&J 1031a 104
Det. Lansing & Northern, com 100
2d mort., pref., 6s, 1895
109
2d, end. Wash. Co., 6b, 1890 J&J 1031s 104
do
do
Pref. 100 107
129
J&J
Dubuque & Sioux City
100 60% 601a
3d, end., 68, 1900
lis
1%
W'n No.Carolina- l«t,7s,1890.M&N iio
East "rennessee Virginia & Ga.lOO
93
3% 4
Consol. 6s, 1911
do
Pref.
J&J 94
do
100 791s 801a
(yest'nPenn.— 1st M., 68, '93. .A&O 110
Eastern (Mass.)
101 la
Eastern In N.
100 101
Pitts. Br., 1st M., 6s, '96
J&J 112
Eel River
100
Wheeling* L.Erie— Ist, 68, g., 1910
15
100
Wichita & Western- 1 st, 68
J&J
Elizabeth Lex. & Big Sandy
120
119
Wilm. Columbia & Augusta, 68..
Ehulra & Wllllamsport, 5
50 45
60
112
do
Pref., 7.. 50
W11.& Welrton— S. F., Ss, g., '96. J&J
87% 88
Wisconsin Cent.— Ist ser., 58, 1909
Erie & Pittsburg, guar., 7
50 54
42
43
84
Evansvillo & Terre Haute
50 St
2d series, 78, 1909, if earned
100 122 123
Wis. Valley— Ist, 7s, 1909
J&J 125 126
Fitchburg
21i«
21
W orc'r & Nasluia— 58, '93-'95 Var. 109 111 Flint & Pere Marquette
111
951s 96
Nasli. & Rooh.. iruar..5s.'94.A&0 109
do
do
Pref....
STOCKS. Par.
Fort Wayne & Jackson
9
Ala. Gt. South.- Llm., A., 6s,pref
do
do
Pref
«s
3
la
Port Worth & Denver C
100 19
Lim., B, com
J2
1213
3
Galv. Harrisb. & San Antonio
Ala. N. O. & Pac, &c., pref
14"
16
1
Pacitio
do
Georgia
do
def..
t>3
Georgia Railroad & Bank'g Co. 100 ...„
Albany & Susqueh., Guar., 7. .100 144 144
li"
Allegheny Valley
GIrand Rapids & Indiana
60
Atchison Col. & Pacific
Grand River Valley, guar., 5.. 100
86Sb
8ilie
'io'
li'i
Atchison Topcka & Santa Fe..lO0
Green Bay Winona & St. Paul.. 100
96
97
Prof
100
Atlanta & Charlotte Air Line ...
do
714
7% Harrisburg P. Mt. J.& L., guar., 7.50
Atlantic & Pacitio
100
26
32
..100
Augusta & Sav.'vnnali, leased. ..100
Houston & Texas Central
11
Baltimore & Ohio
Huntingdon & Broad Top
50
100 150 153
25
do
Pref.. .50
1st pref., 6
100 135
do
do
138l«
126
139
100
do
2d, pref
minois Central
Washington Branch
Leased line, 4 p. c. 100 99
100 230
do
5
6
221s, 22%
Parkersburg Branch
Indiana Bloomingtou & West'n 100
100
Boston & Albany
Indian. Decatur & Sp., com
100 189 190
,
do
Best. Con. & Montreal
do
Pref... 100
100
97I3 Cowa Falls & Sioux City
7214 72%
97
100
do
Pref., 6... 100
79
Boston Hoosac Tun. & Western.
8
Jeft'v. Mad. & Ind'p's, leased.. 100
Boston & Lowell
100
100 12714 127% JoUet& Chicago, guar.. 7
80
81
Boston & Maine
100 xl90 1901a Kansas City Ft. Scott& Gulf. ..100
135
97 100
pref. 100 130
Boston & N. Y. Alr-Llne, pref...
do
do
70
Boston & Prortdence
Kans. City 8pringf.& Memphis..
701a
100 xl8S 187
47
49
Boston Revere Beach & Lynn. .100 128% 1291* Kan. City Cliuton & Springf'ld.lOO
30
32
100
Brooklyn Elevated., new
Keutucky Central
559
100
Keokuk Jt Des Moines
Brooltlyn & Montauk
100 10
Ilia
100 11
Lake Erie & Western
• do
Pref
100 35
Buff. N.Y. & Erie, leased
100 79% 80
Lake Shore & Mich. 80
100
3ie Lehigh Valley
BuffaloN. Y. & Philadelphia.... 50
50 § 56>s 56%
4J«' Little Rock& FortSmith
37
do
100 36
do
Pref... 50
Burlington C. Bapids& North. .100
65
70
Little Miami, leased, 8 guar.. .. 50 160
1611s
Cairo <B Vincennes, pref
Schuylkill,
leased,
50
Little
7
^•89" 601a
91
10
California Pacitio
5
50
Long Island
15
California Bouthern
100
lOhi 10% Louisiana & Mo. Biv., Com
...100
35
Pref
Camden & Atlantic
do
50
42
100 35% 36
do
LouisvlUe & Nashville
Pref
50 5 38
34
38»8 Louisville New Albany & Chic. 100
36
Canada Southern
100 38
Canadian Paciflo
64% Macon & Augusta
100 64
100 1201a 121
Catawlssa
20
Maine Central
50 i
100 200 202
do
Ist pref
Manchester & Lawrence
50 6..-. .. 60
19
19
100
do
2d pref
55
Manhattan Beach Co
50 ^
Cedar Falls & Minnesota
Ills 14
Manhattan R'y, consolidated ..100 127 123
100
Central of Georgia
100 33% 34
Marq. Houghton & Out
100
Central Iowa
Pref
100
861a 97
do
16
100
181s
21
31
25
do
Ist pref
Memphis & Charleston
100
100
do
2dpref
Metropolitan Elevated
100
100
Central Massachusetts
71s
7%
74 7% Mexican Central
100
4i«
do
30 >s 32
Mexican National
pref. 100
9
12
Central of New Jersey
pref
do
100 48% 49 >4
66
..100
67
Central Ohio
53
Michigan Central
50 52
'.
do
Pref
57
Michigan & Ohio
50 55
Pref
Central Paciflo
do
100 40 >s 41
20
Charlotte Col. & Aug
38
Midland of New Jersey
100 37
100 45
50
Chesapeake & Ohio, common 100
10
9
Mil. Lake Shore & West

2d mort
68, 1916
3d mort., income
Rlcli'd & Dauv.— Con.,68,'90..M&N 107
7a.Mldlaud-l8t 8er.,6s,1906.M&S
General mort., 6s, 1915
J&J 1151s
M&S
Debenture, 68, 1927
A&O 102 IO3I4 2d series, 6s, 1911
M&S
A&O 109 110
3d series, 5-68,1916
Piedmont Br., 88, 1888
M&S
4th series, 3-4-5a, 1921
Bloh. Fred. & Potomac— 68,ext.J&J 112
M&S
106
1926
5th
series,
J&J
5s.
Mort, 78, 1881-90
2d mort.,

First Paze of ((aotatlons.
Bid.

Railroad Stocks.

Ask.

.

M&N

at

i

Porohaser alss pays aooraed

. .

interest.

t

In London.

i

Quotations per share.

1

Coupon

off.

.

May

J

.

.

THE CHRONKJLB.

1886.]

1,

5.

GEMEIML QUOTATIONS OP

AND

STOtJKS

545

BOND.S-Co;«ti.vcco.

For BKplanmioiK H«e Note* at H««d of Flr«t Paze of QnotatloiM.
Railroad Stocks.
OosTINltKI).
Mil.L. Sli..t \V..i)rr.lOO
MUwiiiik.'e .fe No.. 100

Mluo lim.feS.

HlBCELLANBOUR.

Ask.

Bid.

RR. MTOrKS.

Vestoh. A Phila.,pr.50
50
West Jersey
77i« WestJerseyA Atlimtlc
Western Alarylami

76

Wll. Columbia A Aug

H.....'50

Mlnneuu. lb 8t. L..100
do
Pref...lOO
Mirao'l Kan. A Tex.lOO

A Weldou, 7.10(1

18>a

ffllm.

41

WIsoonslu Central

26»9

do
Pref.
Woro'terANashUB.lOO

Bid.

Ask.

MltOCLI.AnBODII.

54 >«

103

114
145

17
29
125

116
155

linl.l .t

30

IlMrl.

Stlg, 7s,g..l885
9t. L.

Pref

Fltto.Ft.W.A C.,s:uar.7 147i« I4712
15
Pittsburg A Western.
Port.8aco APorts.lsd 6 126" 127
2
Port Royal A Augusta
63
64
Port«.Gt.F.A Cou.lOU
Frov. A Worc'ster.lOO 130 133
161
Eens. A Saratoga 100 161
414
Rich. A Alleg., stock..
4>a

103

Guar. 7.100 145
do
6

130

do
do

A P'b'g.lOO "97%

Richmond
Rich.

A West Poiut

28

Brookline (Miiss.lL'dS

A

Pitts.

100

Rome W. A Ogd ... 100

28%

Rutland
100
do Pref., 7.. 100
Joseph A G'd Isl'd.
et.LoulsAlt.AT.H.lOO
do
Pref. 100
St. Louis A San Fr.lOO
do P/ef
100
do Istpref.lOO
8t.L. Van. A 1'. H
9t.

St.

PaulADuluth.lOO
do

Pref.lOO

St. P..VIlnn.

A RoanokelOO

do
Guar.. 100
South Carolina
100
So. A No. Alabama
So. Pacitic Co
100
S'west., Ga., g'd, 7. 100

AN.

Y.lOO
Summit Branch, Pa. 50
Syr. Bins;.

5

52

39
90
181a 20
371a 43
99 >« 102
8

57

.

„
Warr'nlN.J.)

. .

,l'g'd,7.50

t

190

4%
1''8

COAI.

dc

MINING

STOCKS, N.V.
SO
Colorado Coal & 1. 100
Cameron Coal

10
2

41

13

Consol.Coalof Md.lOO
Homestake Min'g.lOO
4114 Maryland Coal
100
New Central Coal .100
Ontario Sil. Min'g.lOO

8^

Pennsylvania Coal. 50
Quicksilver Min'g.lOO
prof. 100
do
Tenn.CoalAIronColOO

EXPRESS ST'CKS

7s. 1900.

Bank's

BO.NDS.

A

A

PaciHo

st'k

.MercU'ts.lOO
1st mortg;ige

Receivers' uerts..,

General mortgage

Prioe nmnlBiU ; no late transactions.

t

MAN.

65

63%
12!

TELEPHONE
STOCKS.

American Bell
100 161
Amor. Speaking. ..100
Colombia A Pan. ..100
Currier Tel. Boll

Dolbear
East Tennessee
Erie

Ask.
141

Chariest'n,8.C.,Oa8.25
Chicago G. A Coke. 100
Cincinnati U. A Coke
Hartford, Ct., O. L..25

18

I

27>fl

Hudson River

23

GOLD ^t SILVER

Metropolitan

m

Mexican
Moleonlar

New England
New York A N.J
New York A Penn....

34

33

Southern Bell
Southern N. England.
10
Tropical
W. I. Telegr. A Tele. 10

Consol. Electric Light.
D,-vft

100

160

.

90'

50
40

&:

N.lf.

B'way Surf.,

i

112

LlttltPl^ts

119
100
480
100 370
100 480

121

Mexican G.
Navalo
Ophir

190
108
150

1902
Brooklyn Crosstown
105
1st mort., 78, 18S8
BushwickAv. (Bklyn.) 140
Central Crosstown
160
Istmort., 68, 1022.. 115
1

Bonds,

78,

iW
130
110

1898

100
20
10

DryDk.E.B.A Battery

Isc M., oonaol.7s, '93
Serines, 1914
llo. Eighth Avenue
Scrip 6s, 1914
42d A Grand St. F'y..
Istmort., 78, 1893..
I6I4

Iron Sliver
I<eadviile Consol
Little Chief

500

10

50

A SUv.lOO

2

66

92

••>
67*4

39 Ik

25

•02
•05

118

200

120
•80

•30
•75
•30
•83

•60
'•40

1^00

105
•90
•26

38

2-00

240

2-50' 2-95
•03
.

175

.

•07
•23
•20
•25

•30
'•46

•30

•50

Rappahanook
Red Elephant

1

•II

Spring Valley
Standard
Union Consol

1

100
100

1-80
•80
1'16

•80

100
10

10
Robinson Conaol.. 60
SlerraNevada
100
50
Silver Cliff
32

1-20

14
•06
•75

•30
•05

•OS

100
•35

BOSTON mtlNING
STOCKS.}

195

110
160
112
150
165
120
135
125
135
116
180
115
107
225
110
•250

117
39
110
60
155
116
140

1
25
Allouez
9%
25
Atlantic
7
Brunsw'k Antimony.
Calumet A Hecia...25 222
230.
10
Catalpa Silver
8
25
Central
Copper Falls
50
Franklin
23 '12 la
2'«
25
Huron
25
Minnesota
40r.
25
tfatlonal
I414
25
Osceola
2
25
Pewabis
61
25
Quincy
25
Ridge
23 106
Tamaraok

inANCFACT>lNG
STOCKS.

Am. Linen

(Fall RIv.)

650

lOH
224
30«.

12
'12%

2%
6O0.

14%
3
62
1

110

625

100 101 14 102
(N.H.) 1000 2055 206S
103
Antlrosootg'n (Me.). 100 107
Araory (N. H.)

Amoskeag

AppIetonTMass.) 1000 770 730
101 101>a
.
97«a 100
Barnard Mfg. (F.R.)..
100 120 1125
2011a Bates (.Mo.)
103
Boott Cot. (Mass.llOOO 1440 1460
Border City Mfg. (F.R.) 110 lis
210
Boston Co.(.Mass.)1000 1050 1060
164
115
Boston Belting.... 100 153
300
Third Avenue
310
Best. Duck (Ma»8.)700 796
99
Istmort., 78, 1890.. 111
113
143
Chaoe (Fall BIT.) .100 90 112i«
Twenty-Third St
Chicopee(Maa8.) -.100 112
108
235 250
630
1st mort., 78. 1893.. 112
114
Cocheco (N.H.)....500 5S0
64
7Tg
8««
GAS STOCKS.
ColUnsCo. (Conn.)..10
1241a
aa
64
Bait. Consol. Oaa
471a 47«» Oontlnenta! (Me.). 100
100
Boston Gaslight. .500 910 020
Cres't .Mills (F. B.)
ICrysfniSnr. Bl.(f'.R.).
East Boston
25
40
391a 40
eo>t
Davol .Mills (F. B.) 100
IVixbury
100 190 105
64
90
87
South Boston
Dongl's Axe (Mass)lOO
100 110 115
23
Dwigbt (Mass.). ..600 S90 000
Brookline, .Mass... 100 1131* 114
53
70
66
Cambridge, Mass. .100 155 15S>< Everett (Mass.)... 100
3
108
Chelsea, -Mass
100 103 103 >a PaUBlT. IronW. .100
F.R. Machine Co.. 100
Dorchester, Mass. 100 1071* 108
F. R. MerthoOo...l00
Jamaica Pl'n.UasslOO 133 137
.

Atlantlo (Mass.) . . 100
.

Bamaby (Fall Rl v.)

.

.

37
63
20
45

103%

3914

.....100

Potoai

gu..58,'24

A E.Riv.
Consol. M., 7s, 1902.
Christopher A 0th St.

140

,

Lvcrosse

ItUS,

Central Pk.N

94
IflO

100

Independence

109
100 135
100 145

1st mort., 59,

,

Silver

103

Guar., 5s. 1905
Brooklyn City

100
10

100
100
100
Caledonia B. H
lOU
Consol. California. 100
Chrysolite
50
Chollar
100
Consol. Paoiflo
100
Crown Point
100
Dunkin
Eureka Consol
100
Father De Smet .. 100
Gold Stripe
Goodshaw
100
Gould A Curry S..100
Green Mountain
10
Hale A Norcross. .100

106
225
390
405

BleeckerSt.A Fiilt.F'y
29
71a
1st mort., 78, 1900.
114
7'8 ;BroBdway A 7th Av..
4
100
latmort., 58, 1904.
2d mort.. 38, 1914.. 100
I

50
67

sn

1-40

..

Montana
Amie
Alta

Horn

BR'KLYN

HOItSK

6%

75
30

CO.'S

Union
United States

87
lei

A SAN. FRAN.)

Alice

Bulwer

90o.

ELiECTKIO

Kniokerlx>cker
Long Island

(N. Y.

Bodle

LIGHT STOCKS

STOCKS,

184

Belle Isle

Brush
100
Brush Illuminat'g 100

Am. Loan A Trust.lOO
Brooklyn Trust
25
Central
100
Farmers' Loan A Tr.25

87
100

miNING STOCKSi

Barcelona
Bassick
Becbtel

N. Y. State Overland.
Peoples

TRUST

32
1S6
86
99
60
93
158
137
103
62
}2S0
Louis. 100 }90

Laclede, St.
Carondelet,St.Ix)uls50
San Francisco G. L. ..
Wa«li'ton (,'lty G. L.26

104
108
ion
183
10»
133

110 121
19215 195

Jersey C. A Hobok'n 20
People's, Jersey C
63<a Louisville O. L...,
Central of N. Y
60
Consolidated, N. Y.lOO
Equltalilr, N. Y..
162
Mutual of N.Y... .100
125
N. Orleans O. L. ..100
Portland, Me., O. L.50
3t. Louis O. L
50

100

Edison
Edison Illuminating..
Edison Isolated
Swan Inoandoscent.
Sawyer-.Mann 111. Co..
UnttedStates
United States ni. Co..

. .

75

Globe

.Mercantile
Metropolitan
N. Y. Guar. A Ind..lOO
N. Y. Life A Trust.lOO

2i«

Bid.

140
103
103 >«
104
137
104
130
86
98
130
86
160

I

TEl-'PH STOCKS

Atlantic

4

70
87

HUOBLLAVaOUt.
iLawrenoe, Mass.. .100
iLowell
100
Lynn, Mas«.,0. L..100
Maid. A Melrose. 100
Newton A Wafn ..100
Salem, Mass
100
IBrooklyn, L. 1
25
Cltlwins', Mrnoklyn.20
|Metropf)litan, BTclyn.
Nassau. Brooklyn ..25
People's, Brooklyn. 10
WUMamsb'g, B'kfyn 50

4

I

100 144
100 105
American
62
100
United States
Wells. Furuo .fe Co. 100 120

AND

86%

I

Adams

Amer. Dlst. Tol... 100
American Tel. A Cable
American Rapid bonds

60

112
105
200
107
245
112
14%
35
42d8t.Man.ASt.N.AT.
22 14 23
Ist mort., 68
109
27
23
2d inc., 6s
50
19
19
Houst.W.St.APav. F'y 150
Ist mort., 78, 1894.. 113
91a Ilia
11
9
Ninth Avenue
130
Second Avenue
265
Ist mort., 58,1910.. ide'
6% Consol. 78, 1888
105
20 >a 22ia| Sixth Avenue
200
42
1st mort, 78, 1890.. 110
44

12c.
Stand. Water Metor...
1081a IIOI2 Union St'k Yils.ATr.Co 158

5

MiUual Un. Tel..
.Mutual Union 6g
Postal Telegnn)h. 100
Bonds. l8t 68
Postal TeL A Cable Co
V.

Western Union. ...100

136

100
95
50o.
25c
N. Hampshire Land 25
N.Y.ATcx.Ld.,Lim.50 175 180
57
Laud serin
28
No. Riv., cons. 100 p.o.
Oregon Improvement. "98
Oregon Ky.&N.Co.lOO
53^8 54ie
Pacific Mail 88. Co.lOO
136
Pullm'n Palace CarlOO 1S2
lOi
St. Louis B'dge. 1st pref :107
33
151
pref.
certificates.
2d
113
St. Louis Tunnel RR.. 110
75
St. Louis Transfer Co.

58

A Ind'uap.50 90 100
Texas A N. O
100
Texas A PaclUo
8ie
100
838
Texas A St. L. in Texas 21
do
iu Mo.A Ark.
41a
Tol. Cln. ASt. Louis ..
80. lOo.
Tol. A Ohio Central...
20
do
Pref.
40
15
D. N.J. RR AC. Co. 100 220
Union Pacific
100 499s
Utah Central
100
Vt.A Maas..l'8ed,6.100 133% 136
Vloksb. A Meridian...
4
do
pref...
_.
IJrgtnla Midland
30
30
Wab. St. L. APao.lOO
61^
8
do
Prof. 100
ISiai 17
Terre H.

10

lis

Sonth'nA Atiantio.23

N.K.MtK.Secur.rBost..

27
33

A .Man. 100 11212113

Scioto Valley

Seab'd

3

A

Keeley Motor
Maverick Land

98

52

7%
3%

Canton Co.
Cev.

(Bait.). 100
Cln. Bridge, pf.

100
100

N.V.
714

101

So. Tel., l8t mort. b'ds

STOCKS.

6I4

85

.

.mSCKiLiANElOUS
Amer. Bank Note Co..
Asplnwali Land
10
Boston Land
10
Boston Water Power

Richmond York R.AC. 100
Rochester

"so"

25

40
OS
33
90

Dlst. Tel. Co..

iiion

AAO

A Tun—

1929. AAO 1133

Teuu.C.AL.cun.es
South Pitts. 1st. 6s..

. .

Richmond A Dauv.lOO 100
90
Rich. F. A P., com. 100

Bridge

1st, 78, g..

ill

I

'iiTeIcgrt»ph.

.\.

.

A

100
25

Stock

'

'

do

3fl

Rnnds

1714

Aak.

70
101

.1

. .

A

Bid.

Ohio..

Am. Uablo
Tel. Co

So.
lal

!

Pitts. Cln.
St. L. .50
Pltte.
Con., r8ed.50

A

Cent.

Mh

104
1231-.I
11^ 14
CANAl. BONDS.
140
CHesap. A Delttware*7>9
43
l8tmort.,6s,'8«JA,I 100 14
Niishv.Clmt.&St. L.25
160
Thes.AO.—68, '70.q.-J
NaglMia .«: lx)WoU..100 ISO
Dei. AH.— 78. '91. .TAJ iVs
Newli'K Dutch.* Conn
l>a
pref.
Istext., 1891. .MAN
do
do
2
Coun. 78. 1804. AAO ilQia 1204
New Jeraoy & N. Y
22
1st Pa.D.cp.,78.MA8 137
Pref.
do
fx>lilKli NavlgatlonNew Jursoy Southern.
•li«H, 1914
Q— 1121a
N. IaiuiI.* NorthiilOO
N.Y.C'(>ut.JiH.KIv.lOO 101>« lOlOg
RR. Gs, reg., '97,Q-P
119
fii*
tt>8
N.Y^.Chle.&8t.I.,...100
Couv «8,g.rg.'94 >fAH
14
do
PreMOO 13
68.g.,cp.Arg..'97JAU i'l9'
Con8.M.,19117a.rAn
N. Y. & Harleni ....50 213
1071s Penn.— (is, coup., 1910 "9o'
H.Y.L.&W..«uiir.5.100 106
9lia
24>« 24 H Schuylkill Nav.—
N.Y.L.Eriei Went. 100
58
do
Prof. 100
1st M., 68, 1897.Q-M 102
34>9 35
N.Y.&N.Engliuiil.lOO
72
74
2d M.,68, 1907..JA.I
124I4
do
Prof. 100 126
42
Mort. 6s,cp.,'95JA.I
68,lmp.,cp.,'80.MAN
N.Y.N H.&Hartf.lCO
N.Y.Ont.A West.. 100 16>« 171*! 68,btAcar,1913.MAN
40
78,btAoar,191.'>MAN
N. Y. Penn. A Ohio
do
Pref.
Susq.— 68,cp.,1918J*J
N.Y. Prov. A Boat.lOO
7s. coup., 1902. .JA.)
6% "ly, CANAI. STOCKS.
N.Y. Susq. A Western
20>s 21 "si Del. A Hudson. ...100
Pref.
do
98% 99%
i*,
Shore
B
A
N.Y. West
Del. Div. leased, 8.. 50
Norf.A West,, com. 100 "Vh lOJa r*higli Navigation.. 50 {"soii 50»8
pref. 100
do
100
Morris, guar., 4
761a
No. Pennsylvania.. 50
do pf.,guar.l0..100 200 226
78
79
Northern ('entral .50
50
Pennsylvania
North'n N. Uamp.lOO xl25 126
50
3ohuylklll Nav
24% 25
North'n Pao.,coiu.lOO
6
do pref. 50
do
55»8 55-'8 Susquehanna
Pref. 100
do
.^0
Norw.A Worcester.lOO 177 178
.niSCLIi A NEC US
19
Ogd. A L. Champ. 100
BONDS.
llfl
138
100
Ohio Central
Bait. Gas Light 6a....
2mi Oanton(Balt.l— £ 68.g.,
Ohio AMias
100 21
do
Pref. 100
Mort. 6s,g.,1904 JAJ 102
"15"
Ohio Southern
100 "l5
Un. RR.lst, end.,6s. 116
Old Colony
100 16518 166
do 2d,end. 6s,g.MAN
92I3
11
;9
92
Oregon A Calif.... 100
Col.CoalA Iron— 1st, 6s
101 1.J
Pref... 100 {^Oig 21i« Cov.ACin.Bge.58,3-5y
do
22
22
1021*
Oregon Short L'ne
years
MAS
58, 5
281« 28%l Hend'n Bridge68,1931 109
Oregon Trans-Cont
122
Oawego A Syr., guar
.Mariposa—78. '86
Panama
100
Or. Imp. Company—
9OI4 91
Pennsylvania RR. .50 i 513, 31%
lst,68l910, J.AD.
7
Fensacola A Atlantic.
Oreg.R. A N. l8t.6s,JAJ 112% 13
21% 221s Debenture 78, 1887.
102%
Peoria Deo. A EV..100
62
63
Peter.'<biirg
100
1071a
Con. .58 1925 J.AD..
231^
Phlla. A Erie
50
Pullm'n Palace Car—
21
2114
Fhlla. A Reading. ..50
3d series, 88,'87FAA tl05ia 106
do
Pref
50
4th do
8s,'92FAA (1151.1 116
Phlla. Wilm.A Bait. 50 "66 ij 67"
Deb'nt're,7s,'88AAO tlOSi* I05i«
Mlnmiiiri rncitlo...l00
Molillo .t Ohio
100
Morrl.i .te K'.t, (5H.,7.50

A

Baltimore

Pnrohaaer also pays aooraed Interest.

.

t

In London.

i

Quetatien per skate.

-

Z

5

.

.

THE CHRONICLE.

546

[Vol. XLII.

GENERAL QUOTATIONS OF STOCKS AND BONDS— Concluded.
For Espliinatious See Notes
Bid.

Mining Btocks.

Ask.

Bank

Stocks.

at

Bid.

Head

Bank

Ask.

123
135
98
1501s 151
Gl'be Y.Mlll8(F.R.)100 105
177 180
Jeourity
Grauite(F.K.)....1000
119% 120
68>4 iliawnnit
68
Great Falls (N. H.jlOO
1021*
lUno&I.eather....lO0 102
Hamilton (Mass.) 1000 630 640
205
100 126
State
Hartf. Carpet (Ct.)lOO 200
llOis
110%
100
67
Suflolk
65
100
mil (Me)
Third Nat
,100 100 lOOM
Del. DiT.— 68. '98.J&J
9914
100
200
I.IOO
Traders'
200
Holj-oke W.PoTver.lOO
100 1131s 114
Jackson (N. H.)-.1000 1090 1100 Tremont
100 1451s U6
Union
King Pliilip (F. R.) 100 105 110
Washington
100 133% 131
400 445 450
Ijaeonia(Me)
590
585
Webster
100 106% 107
Lancaster M.(N.H)400
85
Brooklyn.
L'rsl Lake Mills (F. R.)
100 128
Lawrence (Mass.) 1000 U7h' 1600 Brooklyn
First National..,.. 50 310
Lowell (-Mass)
690 765 775
240
150
237
Fulton
40: 140
Lowell Bleacliery.200
50' 300
City National
Lowell Macb.81iop.500 855 9(10
76^2
7'i
60 130
Commercial
LynianM. (M.'iss.).lOO
Long Island
100 115 120
Manchester (N.H.) 100 133 136
128
Manufacturers'
1000 915 935
Mass. Cotton
90
Mechanics'
50 200 210
Mechanics' (F. E.) 100
100 200 210
Nassau
Merchants' (F. R.) 100
Cliarleston.
Merrtmack(Mas8)1000 1345 1350
B'kof Chas.(NBA)100 108
Metacomet (F.E.) .100
First Nat. Clias.. .100 200
Middlesex (Mass.). 100 197 199
85
Narragans'tt F. R,)100
People's National. 100 200

80
99

Flint Mills (F. R.) 100
Franklin (Me.).... 100

100
100
100
100
100

Revere
Rockland
Second Nat

122
133

(

Nashua

(N. H.)....500

Naumkeag

(Mass.)lOD
N. E. Glass (Mas8.)373

Newmarket

450
91«i
82>s

350

Pacltlc (Mass.). -.1000 1612

1073
oOOilOTS
Pepperell(Me.)
Pocasset (F. R.)...100!
Rich. Bord'n(F.R.) 100

455
92
83
355

1615
1077
50

KOboson (F. Riv.) 1000
Bagamorc (F. Riv.) 100 100 110
Salmon f'alls(N.n.)300 275 285
Bandw.Gla8s(Ma88.)80 39 1« 40
85
Bhove (Fall Riv.). 100
65
Blade (Fall Riv.).. 100
Stafford (Fall Riv.) lOOl
Stark Mills (N.n.)10v)0;1030

1040
95
90
Tecuraseh (F. R.). 100
Thonidike(Ma8S.)1000 860 880
110
TrcmontiS:S.(M,a8S)100 lea's
Troy C.<tW.(F.R.) 500 725 750
200 la
Union C.Mf.(F.R.) 100
Wampanoag(F.R.) 100 120 130
2's
2
Wa8hingt'n(Ma8s.)100
Weed Sew. M'e (Ct.)25
65
Weetamoe (F. E.)100
48
45
WUllm'tic Linen((3t)25
York Co. (Me.)
750 850 853

BANK

STOCKS.

Baltimore.
Bank of Baltimore 100 140
Bank of Commerce. 15 15
Citizens'

10

191s

Com. & Farmers'.. 10() 120
34

Farmers' B'k of Md.3C
Farmers' & Merch..4(
First Nat.of Bait. .101

55
45
132

Franklin

101

Farmers'&Planters'2fi
6t:

German American
Howard
Marine

...

56
46

112
i

llifi

3(

Mechanics'
K
Merchants'
10(
National Exch'ge. 10(

Chicago.

Merchants' Nat.. .100
Metropolitan Nat. 100
Naf. Bk. of Amer..lOO
Nat. B'k of Iliinois.lOO
Northwestern Nat 100
100
Union National
Un.Stock Y'ds Nat.lOO
.

140
145
120

Fifth Avenue
100
Gallatin National ..50
Oartield
lOd
German American. .75

Germania
Greenwich
Hanover
Importers'
Irving

Citizens' National

Commercial Bank
Fidelity National
First National

25
100

50

Leather Manufts..lOO
.50

Mechanics'

Oriental

. .

68
134
60

47%

110
100
162
100
65
132
1(X) 100
100 200

122
75
140
62
50
112

Atlantic
Atlas

..100
..100

Blackstone
Boston Nat
Boylston

100
100
100
100
lOO
loo
100
100
100

Broadway
Bunker Hill
Central
City

Columbian

Commerce
Commonwealth ...100
Continental
Eagle

100
100
Eliot
100
Everett
IOC
Exchange
lOO
Faneuil Hall
100
First National
100
First Ward
100
Fourth National.. 100
Freemans'
100
Globe
100
Hamilton
100
HJde & Leather
100
Howard
loO
Lincoln
100
. . .

Manufacturers'.. .100

Market

iOO
Market(Brighton).100
Massachusetts
250
Maverick
loO
Mechanics' (8o. B.)100
Merchandise
100
Merchants'
100
Metropolitan
100
Monument
100
Mt. Vernon
100
New England
100
North
100
North America
100
Old Bos ton
50
People's
100
Hedemptlon
100
BepaMic
iqo
i.

*

Price nominal;

134

137

1221s 123

lllV 112
121% 122
1301a 131

100
187

ISO

106% 107 14
116% 117
1301s 131
125i« 126

Farmers' of Ky ... 100
Farmers' & Drov..lO0
FirstNat
100
German Ins. Co. 's. 100
German
100
German National. 100
Kentucky Nat
100
Louisv. Banking Co. 40
Masonic
100
Merchants' Nat. ..100
Northern of Ky ...100

liiO
People's Bank
II914 1191s Second Nat
110 110% Security
129
130
Third National

98
124
133

100
1211s

135

210 21
117 119
109% Uu

Western

New

Canal

125

119% 120

105
112

Orleans.

& Baukiug.

Citizens'

Germania Nat
Hibcrnia Nat
..

.

100
100
100
100
100

Mutual Nat
100
New Orleans Nat. .100

1171s 118
People's
50
110 110i« State Nat
100
100
:oois Union Nat
100
9Mli 100
Neiv^ Ifork.

133
103
222
128
106
145
110
214
140
151
138
107

135

America
100
1031s American Exoh'gelOO
225
Broadway
25
130
Butchers'* Drover825
IO6I3 Central National.. 100
I45I3 Chase National
100
112
Chatham
25
215
Chemical
100
141
City
100
ISHa Citizens
25
1381s Commerce
100
1071a Continental
100
Corn Exchange ...100
611s 62
157 160
East River
25
124 125
Eleventh Ward
25
137 139
First National
100

no late troasaoUoDS.

}

160
120
130
140
142
225
135
138
123

100
100 160
.... 100 130
100

101
lOlis Louisiana Nat..
lOlij 10:i
Metropolitan

124

109

69

132
39
135
140
114

Last price this week.

170

122

Firemen's

Germania

Globe
2C
Merchants'* Manul 20
Miami VaUey
50
National
100
Security
100
Washington
20
Western
25
.

JStna Fire
Connecticut
Hartford
National
Orient
Phoenix

Queen Fire

&

118

85
186

15% 16%

3

41
78
67

43%

and Traders'.

Firemen's

Germania

122%

Factors'

81

l:t0

135
175

Lafayette
65
70
Merchants' Mutual
54% 60
110
Mechanics' & Traders'
110%
New Orleans Ins. Ass'n 19% 2014
33% 39
New Orleans Ins. Co
15
People's
18

121

Hope

Sun Mutual

110
115

110

455

100

.

San Francisco.
165
124
iso'

FIRB INSVR'CE
STOCKS.

Baltimore.

8%

8%

65

4%

Boston.
ion 145

Firemen's

17

20
70
100
50
100
40
100
30
50
17

German-American 100
Germania
,50

130
147

175
115
115
115

30
205
230
86
93
115
86
245
125
108
200
70
108
127
134

50
25
100
15
50
100
Home
40 70
Howard
Jefferson
30 117
Kings Co. (B'klyn) .20 218
Knickerbocker
30
85
85
Lafayette (B'klyn) .50
Long Isl'd (B'klyn). 50 85
Munuf. & Builders'lOO 110
35
Mech. & Traders' ... 25
75
Mechanics' (B'klyn)50
50
58
Mercantile
Merchants'
50 110
Montauk (B'klyn).. 50 90
Nassau (B'klyn).... 50 140
National
37% 86
35 160
N. Y. Equitable
New York Fire.... 100 70
Niagara
50 150
25 100
North River
2:
160
Paciflo
98
100
Park
20 150
Peter Cooper
50 100
People's
Phenlx (B'klyn) ....5( 135

Greenwich
Guardian
Hamilton
Hanover

. .

M. .100 125

Brooklyn
Citizens'

Globe

92

7''8

122% 126%

American
50 150
American Exch...lOO 95
Bowery
25 140
Broadway
25 165

Commercial

137%

31%
20%
7%
4%

x xl27

Teutonia

City
Clinton

115%

100 310
100 140
100 160
100 235
International
100 90
Meolianics'
100 116
Merchauts' Nat
1(X) 102
St. Louis National. 100 125
Third National.... 100 108

105

Neiv York.

102%

107

|

232
300
137

27% 29%
104% 106

Contlneutal

Quo tatlon per share.

230
116
285
128
79
178
98

175

100

Commercial

&,

8S
130
170

Home

B'k of Commerce.. 100 400

Boston

105

Hibcrnia

27
25
100 142

Merchants' Mutual. 50
National Fire
10

100
100
190
75
145

2%

Life

Crescent Mutual.

Farragiit

Anglo-Califoi-nia
Bank of California
FirstNat. Gold.... 100
Pacific

180
150'

34

Exchange

.

100
50
170
97

33

130
124
143

.

210

3

151

FiankUn
Fourth National

117%

65
50
67
Imperial Fire
25 157
161
5
Lancashire F. & L..25
5%
London Ass. Corp. 12% 52
54
28% 29%
Llv. & Loud. &Globe.2
47
North'n Fire & Life .. 5
49
34% 35%
North Brit. & Mer. 8%

Continental
Eagle
Empire City

Nat

85
90
150

140
56

ITIe.

Bank

100
100
100
100
100
100
50

90
100

Guardian

52
170

American F.
(

Fidelity

Cumberland Nat.. .40 51
CanalNat
100 188
CascoNat
100 149
FirstNat
100 H8
Merchants* Nat
75 122
National Traders'. 100 142

Associate Firemen's.
Baltimore Fire Ins. 10
Firemen's Insur'ce .18
Howard Fire
5
Maryland Fire
10

1H«

Eureka

99

135
54

246

Planters' Nat
100
State Bank of Va.lOO
St. Iiouls.

103% 105%

Enterprise

124

Merchants' Nat.. .100,
Bk of VirginialOO

40%

285
158

96
95

135%

iVat.

135

Commercial
Eagle

125
125

First

lU

Citizens'

120
120
100
107
110
70
109
120

City

125
106
113

20
25
20
25
100
20
20
100
20
20

Royal Insurance
Ne*r Orleans,

Richmond, Va

137"

145
117
II7I4 120
118 120
327 355
5214 54
99% 101

165
135
275
154
119
150
175
3200
260
115
171
110
182
115
110
1050

70

1515

100
100
100
50

Portland,

145

37%

270
232
93
90
115

Cincinnati.
Amazon (new stock) 20

Steam Boiler
liondon, Ens
Commercial Uuion. £5

62%

170
125
120
110
75
100 175

114
100
162

133
110

106
63

SeventhNat
131s State
102
SixthNat
130
United States
Southwark Nat
124
I^oulsvllle.
People's
2056 21
Spring Garden ....100
2f
'B'nk of Commerce.
117
Second National ..10( 150
Tenth Nat. Bank. ...
Bank of KentuckylOO 155
Third National
ThlrdNat
100
10( 106
Bank of LouisvillelOO 75
77
Union
50
841$ Citizens' National. 100 121% 122% UnlonNat
7f
Western
Western Nat
50
2C
100 120
321a City Nat
Boston.
West Philadelphia.lOO
Falls City TobaccolOO
95
98
13i«

135

100 102
50

People's
Philadelphia Nat. .100

105
103

Hartford, Conn.

150
306

Second Nat

Neptune F. & M...100 96
North American ..100 102
Prescott
100 100
Shoe & Leather. ..100
85
Waslilngton
100 kH

.

J

.

70

155
160

B'k of N. America . 100 325
Centennial Nat
100 140
Central National.. 100 300
City National
50

Eighth Nat
100
FirstNat
100
Farmera'&Mech.N. 100
Girard National
40
Kensington Nat
50
Manufact'r'rs' Nat.lOO
Mechanics' Nat
100
Merchants' Nat
Nat. B'k Commerce. 50
Nat.B'k Germant'n 50
Nat.B'kN. Liberties 50
Nat. B'k Republic. 100
National Security. 100
Ninth Nat. Bank
Penn National
50

leo' 165
Second National
128 130
Third National
Uuion Nat
no's
Western German Bank 220

50
100
City
100
Connecticut River 50
Far. & Mech. Nat. 100
First Nat
100
Hartford Nat
100
Mercantile Nat
100
National Exchange 50
Phoenix Nat
100

158

Consolidation Nat.. 30
Com Exchange Nat. 50

90

.

120
175

Commonwealth Nat 50
135
105

Ask.

100
92
130

Cincinnati

25
20
100

Columbian
Commercial Nat

Bid.

100 97
DwelUug House... 100 90
Eliot
100 127
Firemen's
10<,
180

Aurora

126%

70
30
25
50
100

Philadelphia.

97
157% IGO
100
112

98

160

.

150
106
Pheuix
122
Republic
Second National. .IOC 250
Seventh Ward
100 100
Shoe & Leather. ... 100
St. Nicholas
100 115
Statoof N. Y
100 130
40 106
Tradesmen's
United States Nat -100 201

.

(Jueen City National

150

Merchants'
50 •133
Merchants' Exch'ge50 ;103
47% 48%
Metropolitan
100
Nassau
50 125
192
New York
lOOi
116
N. Y. Nat. Exch'gelOO 112
New York County 100 200
Ninth National.. ..100 120

North America
North River

Insurance Stocks.
Boylston

185
Manufacturers'- ..100
38
39
Mass. Mutual
100 112 115
Mercantile F. & M.lOO 135% 13R

100
25
Mechanics'* Tr.. .25 [115
Mercantile
100 125

.Market

People's

154
1371s 140
155
600
160
200 215

250
Fourth National
165
140
German National
Merchants' National.
Metropolitan Nat
Nat. Laf & Bk. of Com. 210

140
105
170
105
145
282
132
175
158
151
155

Tr..-100

Manhattan

131

500
190

100

&

Ask.

Bid.

Park

205
140
360

.

33

150
150
128

Cincinnati.
Cincinnati National..

American Nat
Charter Oak Nat

Stocks.

Fourth National. ..100 127
Fulton
30 110

Pacific

100
Commercial Nat ... 100
Continental Nat... 100
100
First National
Hide and Leather. 100
Chicago Nat

Hartford.
^tnaNat
100 118
20

of First Pai;e of Quotations.

Rutgers'

Standard

2;
5i

Star

10.

Sterling

10

Stuyvosant
United States
Westchester

2;
2f

117
10 3
65
50
110

157
100
145
175
190
125
120
123
33
213
245

90
102
120
93
275
129
115

225
75
112
133
140

75
123
225

90
90
90
120
15
oO
63

U5
100
145

90
166

73
155
106
166
103
160
106
140
125
105

80
60
115

1(

120

38
30

WiHta^T^linrsr f^tv..^'

'Sil

!40

Ajssesamenc paid.

133

1

May

1,

THE CHRONICLE.

1886.J

517

%nvt$tment

1982.
Ret.-'

llatlvaad IttttelXiflcucc.
ANNUAL REPORTS.
Pitlsbnrp Cincinnati & St. Lonig.
{For the year ending Dec. 31, 1885.)

1868.

9

1884.

1885.

«

82.1.447

%^aM in

l.il'bt

«4».(>2n

H.'il.tmo

Oillnl...Mi .V •!, i j.l.li,l«.
I,o«ji()liSl.l,.V..VT. II.

niu.oDo

222,1»W.'.

7ii,4i)a
2.31,216

^lo.tut
<illl,ll))0

1n:i.8.".o

lOO.OOO
82.531

I7H,rn»

lon.ooo

I'll

.

10.1,000

" Clii.AMuH. V. I{K.
Miaoiilliuieoua

Tntul
•

KxuluMve

ftj.aoo

3»,01
42,<)03

i'6.4iJi'

2.006,422
ur. 93,020

BttlRnoo

The report of Pregi.lent G. 13. U iberts aayg: "The tonnaue
tran.s|)ortetl was 4,060,380 tons, against 3,630,919 tons
in 1884

:

of Col. Ohio. <& lufl.

3,000.033
<l«f..W,842

««,»17

27,888
mss.fliia.

dof.U7,aiO

1.775,903
40,16»

dof.

Cent

OEMERAI, BALAMCB AT CLOSE OF EACH
an increase of 435.407 tons, being entirely in through traffic'
riSCAI, TBAB.
and mainly in lumber, coke, ore, provisions, agricultural
1882.
1883
1884.
188B,
Aueli—
products and miscellaneous manufactures. The coke traffic
9
•
•
RR., eqiilpiiipnt, Ac. 19,005,063 20.605.107
shows an increase of about 48 per cent, or 03.720 tons. The Stocks
20.708,277 20.87O.74O
owniMl, o<wt..
67,200
1,085,967
l,0n.5,967
1,0^5.967
decrease in ooal tonnage was due to the falling otf in
283,000
the BoikIh <iwii"<I, cost ..
23,750
23.750
Pittsburg local traffic, caused by the substitution of natural Bptlonn'ls to I'sM r'ds
656,777
2U,3IM
21,744
38,170
.feftfcts. rccelv..
1,001,034
1,107,502
gas for fuel in place of coal. There was an increase in freight Kills
1,119.287
1,036,301
MitK'Hiils, hiel.&o...
832,030
474,337
2:?2,014
3S9,90.%
earnings of $87,407. The average rate received per ton
437,707
per ChhIi on hmid
317,725
2.58,918
276,134
('In. 8tr. Conn. Ky...
mile was 5 8-10 mills, as compared with 6 3-10 mills for
64.6.)e
04,639
64,630
the Profit Si I0H8 tialanco
64.639
282,465
previous year; the average cost was also decreased, but not
232,415
396,124
428.483
to
as large an extent, the result being a decreased profit
Total nssets
on this
23,611,814 23,908,010 24,060.720 24,214,268
class of traffic.
lAabUUies—
9
9
9
Stock, common
2,508,000
carried
2,^08,000
1,361,427 passengers, a? compared with Stock, preferred
2,508,000
2,5«8,000
ok?A~f ^^^^
5,029,200
5,929.200
5,929,200
1,333,0.4
5,929.200
1884, the loss being in local travel.
There was a BonUs
12.617,000 12,»517,000 12,617,000 12,617,000
decrease of $106,575 in passenger earrings, of which the
1,212,134
1,092,961
larger All otlicrdnesA aco'ts
1,451,050
2,013,724
Duo Wttlo Miami RR.
proportion was upon the same traffic.
8 17,390
817,360
845,826
815,826
DuoC. C.& I.e. RR..
134,001
"It will be noted that there was a decrease in the operating Cin.
Street Conn.bds.
282,.50O
202,500
262,500
262,500
expenses, although a large sum was expended upon permanent MlooeUaneoug
50,989
50,989
417,144
38,018
improvements. The main items of this outlay were the conTotal UaWUtles
23,611,814 23,908,010 24,080,720 24,211.268
struction of iron and stone bridges and additional sidings
the
change of the channel at Harmon's Creek, thereby dispensing
Grand Bapids & Indiana.
with two bridges, the completion of the Columbus shops and
(For the year ending Dec. 31, 1885).
the improvement of the connection with the Cleveland
& The annual report for 1885
Pittsburg Railroad at the west end of the Steubenville bridge "
says " The gross revenue baa
As to all the lines operated by the Pittsburg Cincinnati & decreased $170,1.55, or 8 per cent, and net llO.OO-l, or 1-6 per
In the calculation of net, betterments are excluded
St. Louis, the report says: "It will be noted that there
was a cent.
from the expenses of this year, as for 1884. Freight earnings
'1 the tonnage of your lines for the past year
r?S§f J"°''«''*«
decreased 8-1 per cent. This is largely due to the rate
7,386,169 tons having been carried in 1885, as against 6 732
war
104
which has
in 1884, a gain of 634,065 tons. This was accompanied,
how- tons carriedprevailed for so much of the year. The number of
ever, by a still further reduction in rates, averaging
one mile was 99,991,291, as against 100,197,431, a
on your
main hues about one mill per ton per mile, so that, while they decrease of 206.140 ton-miles, or 0-2 percent. The average
rate
per
ton
per mile was 1-217 cents, a decrease of -105 cent
were called upon to do a largely-increased service, the gross
The local tonnage decreased 15-9 per cent, while the through
ajnd net revenue therefrom were materially
reduced, and in
"*
increaised 4-5 per cent."
the case of the Little Miami road the traffic was carriea
at an
" By the general settlement reported to you last
absolute loss." * * * "There was a heavy reduction in
year, the
the
interest account has increased from 1406.317 in 1884 to
passenger traffic over your entire system, the number of
1714 pas100 in 1885, an increase of $307,782. The net earnings of the
3,399,460,
against
^^°S
3,579,456,
a
decrease
^ISn'^ni*"'^''
I-. proper w^ere $603,715, leaving a deficit
of
279,990 passenger?. There was a general reduction also in
*
of $110,884.
Aj?"to this all other
Add
the lates on this traffic, ard a reduced profit therefrom
charges to income, and we have a total
upon deficit
of $140,698, which has been paid from the surplus fund
nearly all your roads. The depressed condition of the
ct
country
previous years. The other charges to income are as follows
isclearly reflected, both in the reduced volume
of passenger
Loss operating B. V. L. T. & M. RR., $3,049; advances to C.
teavel and the decreased consumption of general
R.
merchan* * *
&F. W. RR. for year 1885. $12,874, interest for 12 months upon
due,
advances
of
previous
years,
$14,388—
^^*®'
$27,263;
total,
y°"'' company surrendered possession
$30,313.
*'!?";J?'"?*'"^ ^'
Earnings, expenses, &c., for four years were as follows
ot the Cincinnati & Muskingum Valley Railway,
in obeiiience
to a decree of the Court of Common Pleas of
EARNINOij
AND
EXPENSES.
Jefferson County,
Ohio, rendered November, 1885, in the suit of Samuel
1882.
1883.
1884.
„
^
1833
Jeanes
Earnings fromand others against your company and the Cincinnati & Mus$
$
8
9
Passengers
760,500
f65.515
809,616
609.091
kingum V alley RaUway Company. This suit was brought in f^'e'gl't
...
1,396.634
1,443 500
1,324,186
1,216,783
June, 188o, by the parties named as stockholders of your
103,157
108,489
126,598
com- Mail, express, &c...
120;269
pany, upon the ground that the lease was a fraud
upon the
Total
earnings..
2.260.291
2,361,605
2,116,299
1,946,143
rights of the minority shareholders; and that
the lessor had Op. exp. and taxes..
1,678,230
1,721,507
1.502,579
1.342)428
not only failed to observe the covenant in the
lease under
Net earnings
which it was to provide for betterments to the road, butthat it
582,055
640,098
613.720
603.715
74-25
7 -90
was now and probably always would be wholly unable to ful- P.c.of op.ex.to earns.
7100
68-98
INCOME
ACCOrNT.
nu Its covenant in this particular, or to reimburse your
com1882.
1883.
1884.
1885.
?'^^«°ce8 made, over and above the net earnings, to
Pi?°?,
s
s
$
9
the Muskingum Valley Company, to enable
Net earnings
it to provide for
532,055
610,098
613,720
603,715
bttterments and to meet the interest on its bonds.
—
Disbursements
These Interest
on debt
advances now amount to |1,081,013. Leave was
473,065
4 19,995
387,068
714,100
Int. on Penu.Co.coto
25.903
25,902
21,586
tvMi J. Henry, a stockholder in the Cincinnati & granted to Loss
Muskingum
on leased roads
7,271
20.920
9,027
3,050
VaJley Railway Company, on his own application,
12,011
17,003
37,255
to intervene Adv.& int— O.R F. W.
27,263
the suit referred to, and an appeal was taken
M. I'n
9,625
19.250
19,250
by him from Int.onG.R.I.,St
Int. on cps. prior JTS.
33,416
the decree referred to, to the District Court,
in which no decision has yet been reached."
Total dlsbursemts.
532,875
533,070
067.602
744,413
The operations, earningF, income, and general
sur. 49,180 sur. 107,028 8ur. 46,118 def. 110,698
balauce at end Balance
^ year, compiled for the Chp.omcle, were
as follows* Includes $89,075 for interest upon the debt to the guarantor for couOPEBATION.? AND FISCAL RESULTS.
pons of years previous to 1884 hoth coupons and Interest were included

m

.

:

*****

.

,

m

;

Miles operated

Operations—
PttSfengers carried..

1382.

1883.

201

1884.

201

201

1,161.538

Passenger mileage.. 39,394,890
Rate $ pass'r ^ mile
2-52 cts.
Freight (tons)

moved

m»-maea;^::4il;ll?:S^^
""Ar^^*-"^""'" "'''%""

1,23.5,983
40,42.5,700

200

ets.

1.323,074
40.000,657

252

cts.

1885.

201
1,261,427
41.343.304
2-21 Its.

4,000,386

'''V"-

"•'"«"'"

"H"'"-

Ac...

«RU-S^2
2,927,998
292.705

1.052:014
3,243,007
328,059

1,019:875
2,706,212

2.7<I3,020

SloilTO

326,704

Total gross earnings.
Op. exp. and taxes..

4,214,923
2,831,000

4,623,740
3,087,465

4,045,257
2,731,960

Net earnings

1,383,923
67-17

1,536,275
66'77
INCOME ACCOUNT.*
1882.
1883.

1,313.207
67-53

F^Sr""
'•^f'elit
Mall, express,

P.c.of op.ez.to

eam's

Reeeipis—

Net enrnings
Rentals and Interest
net from I'sed roads.
Miscellaneous

Totallncome

$

$

1,383.923
19.636

1,536,275
8,784

609,271
86,521

401,132

2,099,351

1,946,191

1884.

$
1,313,297
4.624
423,531
1,741,452

In the geuoriU settlement.

913.299

Kentnckj Central.
(For the year ending Dec. 81, 1885).
The President's report states that "the failure of the wheat
crop along the line, operated to diminish the earnings from
local freights $.53,918 and the tonnage 21,456 tons. There was,
however, a gain of 33,055 tons in coal and through freight,
leaving a net gain of 11,599 tons over last year: but the compensation per ton mile having decreased 2 217-1000 cents

received in 1884 to 1 991-1000 cents for 1885, this decline of
10-18 per cent in rates produced the loss of $35,871 in th«
yfar's earnings. In the passenger traffic there has besn a
1,351.090 decrease of 1-91 per cent in the numt)er of local passengers
66-48 carried and of 6-70 per cent in through passengers, a total
decrease of 2-39 per cent for the year. There has also been a
1835
reduction of 14-43 |)er cent in the average length of the local
$
1,851,990 haul, and to this fact is attributable a considerable share of
4,835 the decrease in the passenger earnings.''
*
*
378,330
" The operating expenses have absorbed 63-45 per cent of
689
the gross earnings, against 65-46 the preceding year, and are
1,735,741 $66,169 less than in 1884, a decrease of 10-96 per cent." • •
4,033,023
2,0S1,633

:

:

THE CHRONICLR

548

fVoL.

XLU.

" An arrangement was made with the holders of the $320,Toledo Ann Arbor & North Michigan.
000 Covington & Lexington 7 per cent bonds, due on June 1,
{For the year ending Dee. 31, 1885.)
1885, by which they were extended for a pei iod of five years,
The
annual
report is not yet out, but from the statement
have
annum.
per
per
cent
exceeding
6
not
with interest
been unable to perfect suitable arrangements for crossing the made to the Stock Exchange the following earnings and
Ohio River and for terminal facilities in Cmcinnati, and this, income account for 1885 are obtained
$261,959
together with the failure to secure the co operation pledged Southern Division earnings
Operating expenses
150,192
by the lines formed to operate a new through line from Cincinnati to Southeastern points and Florida via Livingston and
Net earnings
$111,767
Jellico (an essential measure to maJke the extension profitable), Northern Division (under construction) earnings
$39,263
25,913
have arrested the development of the earning power of the Expenses
road, and the earnings have in consequence fallen considerNet
earnings
$13,353
ably below our expectations and the requirements of the fixed Whole
line, gross earnings
$301,226
charges for the year, which have been, including $25,833 for Operating expenses
176,105
taxes and $13,200 for judgments chargeable to previous years
Net earnings
$125,121
operation, $399,513, or $89,893 in excess of the surplus availLess taxes
4,400
able for their payment."
Earnings and income for three years were as follows
Balance
$120,721

We

:

:

The income account

EARNINGS AND EXPENSES.
Miles operated

1383.

1884.

1885.

250

250

253

From—
$305,962
469,769
26,2«5
15.274

$337, =63
520,821
35,927

21,188

$295,220
484.950
36,063
23,690

1.028
20,654

1,631
4,675

1.122
6,026

Total
Operating expenses

$838,075
485,233

$922,107
603,620

$847,071
837,450

Net earnings
Per cent of oyer. exp. to earn's

$353,742

$318,187
65-46

$309,621
63-45

Passengers
rrelght
Express
Mail
Telegraph
Miscellaneous

:

57'82

is

given as follows

INCOME ACCOUNT DEC. 31, 1885.
Interest on bonded debt—
On $1,260,OOOT. A. A. & G. T. Railway bonds, 1 year
On$100,000 T. A. A. & N. M Railway bonds, 1 year
On $400,000 T. A. A. & N. M. Railway bonds, issued Nov.
1885,

'i

Balance

$75,600
24,000
1,

months,

4,000

sui-plus carried to

1886

34,5.57

Total

$138,157
$17,436
$301,226
180,505—120,720

Balance from 1384
Gross earnings
Less expenses
Total

$138,157

INC05IE ACCOUNT.

Net receipts
Disbursements—

1883.

1884.

1885.

$356,819

$318,487

$309,621

$52,000
214,563
39,731

$62,074
256,880
50,402

$61,210
255,250
09,853

Rentals paid
Interest on debt
Taxes and miscellaneous

GENERAL INVESTMENT NEWS.
Buffalo N. T. k Philadelphia.— The statement for March
since October 1 is as follows

and

:

March.
1886.
1885.

.

$306,294
sur. 50,525

Total dlsbursemente

Balance"

$369,356
50,869

det.

$386,313
76,692

del.

•Tlie surplus Dec. 31,1884, was 5719,327; deduct (deficit as above,
$76,692. and $13,200 paid lor old claims) $d9,892, leaving balance to
surplus Dec. 31, 1885, t629,435.

West Jersey.
(For the year ending Deo.

SI, 1885.)

The annual report of President G. B. Roberts says: " The
semi-annual instalments to the sinking fund were regularly
paid. The direct contributions to this fund have been $243,750, which, together with the increment thereof, $315,63.5, is
invested in $469,700 mortgage bonds at par of your company
and of companies which are operated under lease or contract.
" The entire issue of the stock and bonds of the Ocean City
Railroad Company being held by your company, it was
deemed expedient by your board to consolidate and merge
that company into the West Jersey Railroad Company, and
an agreement for such merger was ratified by the stockholders on the 27th of August last.
" The capital stock of the company was increased seventeen shares, one share under the agreement of merger of
Ocean City Railroad Company and sixteen shares by the conversion of dividend scrip. The amount of this scrip now out*
*
standing is $199 50."
" Your holding of the capital stock of the West Jersey &
Atlantic Railroad Company now amounts to 4,468 shares,
being an increase of 793 shares. The earnings of that company have been suflScient to meet its fixed charges and to pay
a dividend of five (5) per cent upon its capital stock," * *
" The traffic on all sea-shore lines shows a decrease during
the year, owing to the continued depression in the manufacturing interests of the large cities."
Comparative statistics for four years, compiled for the
Chronicle, are as follows:
Miles of road owned
Miles leased and controlled
Total operated.

1882.

1883.

1884.

106
69

1885-

108
80

120
80

120
80

175

188

200

200

Grosseamings

$204,743
Operating expenses.... 165,462
Netearuings

1882.

1883.

1884.

s

$
770,632
357,652
99,370

Total gross earnings. ..1,109,410

1,227.654
785,758

1,319,648

654,743
451,667

441,896

503,305

Passenger
Freight
Mall, es press, etc

Op. expenses and taxes

—

Net earnings

825,590
390,196
103,862
816,343

INCOME ACCOUNT.
1882.

Receipts—

Net earnings
Other receipts
Totallncome
Disbursements—
Rentals paid
Interest on

West

Jer. debt..

Netearu.ofW.J.«S:A.RR.,&c
Dividends
Bate of dividend
Total dlabui-sements....
Balance, surplus

1883.

1884.

1885.

$39,281

$
441,896

$
503,305
11,966

454,667

441,896

515,271

490,625

36,571
178.888
73,075
85,232

41,270
175,174

39,0n8
175,174

90,6ti><

81, 990

177.118
57,775
82,807

6p.

c.

350,734
103.933

6p.

c.

373,766
68,130

87,788
6 p. e.

394,900
120,371

1884-5.

$44,582

—

Cleveland

March and

&

Grosseamings
Net earnings

—

The gross and net earnings
months from Jan. 1 were as follows

Canton,

for three

March.
1886.
1885.
$28,709 $24,400
19,151
19,495
$9,558

$4,905

.

^Jan.

for
:

.

to

March 31.^

$71,169
55,504

$66,673
56,658

$15,665

$10,015

1

1886.

1885.

Denver South Park & Paciflc.— The price at which this
1,286 012 company's stock and bonds were sold to the Union Paciflc,
809,393 and all the circumstances attending the sale, and its unprofitresults, would form an interesting item in the Union
476,627 able
Pacific history. The Union Pacific is under no legal guarantee
to pay the interest on its bonds, and it has advertised that it
1885.
would purchase the May coupons. The Boston Transcript has

$
454,667

$
33,034

Mch Z\.—.

Chicago Rock Island & Paciflc. In reply to interviewers.
President Cable, of this road, is reported as saying that his
company's issue of $10,000,000 of new collateral trust bonds
was to be used for extensions and developments on a large
Plans were not yet sufficiently shaped, however, he
scale.
Material changes
said, to warrant making them public.
might have to be made, though of course upon every essential
point the company's officers were fully agreed. About 700 miles
of new road would be built. The extensions were to be west
President Cable thought that in about
of the Missouri River
a fortiught he would be ready to answer all inquiries as to
the details of the new enterprise,

Operating expenses

800,185
384,328
101,499

Oct.l to

1885-6.

& Ohio. — The Ihalf interest
B " bonds of this company

,

$
709,017
306,788
93,605

^6 mos.

$267,492
$253,536
in cash due May 1
is not paid, bat in
lieu thereof J^ of the face of the coupons is offered to bondholders, or $10 on each coupon, the balance t)eing paid in
If this one-third of the interest is all that is earned
scrip.
and applicable to the bonded interest, it is all that ought to
be paid, but should the interest on ordinary promissory notes
of the company be paid in full, while the interest on its bonds
IS only paid in part?
In his annual report, Mr, C. P. Huntington distinctly advocates the principle that floating debt should take precedence
of bonds, and suggests that the bondholders should assess
themselves to pay off the floating debts, and should also reduce
the rate of interest on their bonds. His words were as follows:
"The interest on the floating debt of the company represents
about 1 per cent of the par value of the series "B" bonds,
and it would, without doubt, be advisable for the holders of
that class of bonds to provide for the liquidation of the floating debt, and at the same time reduce the rate of interest on
their securities by bringing the interest liabilities within the
earning power of the road."

Chesapeake
on the series "

EABNINGS AND EXPENSES.

Earnings—

.

$188,969 $1,202,287 $1,102,841
144,3«7
934,795
849,305

476.627
14,008

8i),

C

:

13

p. C.

385,375
105,250

We

are now enabled to give an abstract from the
thefollowing:
annual report of the Union Pacific for 1885, to be issued next
week, showing the results of operating the Denver South Park
& Pacific in 1885, compared with 1884, This statement is as
follows
Gross earnings
Operating expenses

1885.
$1,145,495
1,102,343

1884.
$1,194,069
1,427,547

Taxes

$13,152
59,281

t$233,478
63,514

Defloit

$16,129

$296,992

Surplus

Decrease.

$48,574
3-25,203
*

$276,630
,4,233

$280,863

:

:

May

1.

THE CHRONK^LE.

188«.J

1834.

1985.

Gain on

<'iiiili>inent.

304,740

luureet on l>ouds

Norfolk k Weatern.— The now and net eaminei for March
and since Jan. 1, 1886 and 1880, were as follows

Dtertate.

92,099
33.620
202,902

Invontiiiflnt...

Dcflcit In

I|I2,000
;<H.II2U
•

649

,-

10,748

-

—Uarth.

1886

9327,200

9304,740

Total rbarges

aroMeamtng*

922,460

Op«r. oxpen.
Total

*«21,193

$320,869

(loflolt

8300,324

—

Jnly

1

,

.

18H6.

K(-t)iuary

Marcb

TotalOmos

93,23e,900

$3,193,523

$1,289,217

$1,151,916

—

March.

.

Nov.\lnUchZ\.

,

1885-°.
$1.11,089

1885.

1886.

Gross earnings
Operating expenses

$23,799

Net earnings

$6,926

$32,276
17,937

16,87:1

&

On the

Totals

Net earnings
Other ineome

$96,930
35,374

$79,910
31,398

$17,020
3.97«

Total income

$132,304
147,745

$iii,;:o8

$20,f'9R

151,5H0

•Uu. 3.845

$10,282 dfc. $'4,841
for

:

^Julyl loMchSl.—

March.
1886.

$115,171
83,419

Net earnings

—

$31,752

ISSo.

1885-86.

1884-85.

$109,252 $l,0tl5,093 $1,12.5,346
97,680
731,-i46
889,702
$11,572

$333,817

691,612

&

Erie the net result, after

.

,

$J,988,596
$3,524,925 $2,982,172
Total 3 months. $10,872,866
LINES WEST OF PITTSBUKO A KRIB.
Net Surplui or ilejicit after charges.
1885.
1886.
Diff. in 1886.
Def. $42,807
Loss $86,900
. Def. $129,707
January
Def. 205,180
Gain 103,233
Def. 101,947
February
Gain 57,437
Def. 84,206
Def.
26,769
March

$24,234
7.264

Gross eariiinKs
Operating expenses

1884.5.

LIKES EAST OF PITTSBORO ASD ERIE.
Kel Earningt.
aro»i Earnmge.
1885.
1886.
1885.
1886
$3,277.'522
$951,541
$3,421,536
$990,574
1,267,604
3,549.475
3.075.700
830,489
1,305,780 1,161,109
3,635,374
3,901,855

March

$456,716
376,8C6

for

56!».964

west of Pittsburg

Febriiary

$481,000
384,070

March and

594.24')
858,. 16

.

Increase.

and net earnings
nine months from July 1 have been

lines

January

:

$13,441
gross

I88S-6.

$3,640,981 93,350.569
3",052
113,OC8
182,708
168.000
409,062
237,138

of 1885.

$48,686

1885.

Deficit

.

1884-5.

$6,627,719
553,582

payment of all charges, shows a gain of |37,437 in ilarch,
Since Jan. 1 the net
1886, compared with March. 1885.
result shows a gain of $73,772 compared with the same period

.

$141,461
75,138

Memphis & Charleston.-The

—The

—

1886.

ami taxes

1880.
9l,27«,e2S
743.068

Pennsylvania Railroad. The gross and net earnings in
March are compiled for the Chronicle below. In March,
1886, there w.as an increase of if2G6,4Sl in gross earnings and
an increase of .$144,071 in net, compared with March.'8.5. Since
Jan. 1 gross earnings show an increase of 1884,270, and net
an increase of $.543, 753 compared with the same period in 188.5.

—

Interest, rent

1886.

Total 9 months. $8,<i75,955
$8,442,877
$1,262,803 $3,877,723
Land sales for the same period in 188.5-0, 281,241 acres;
amount of sales, including town lots, |1, 067,270.

Long IsUind. The quarterly statement of the Long Island
Railroad for the three months ended March 31, as submitted to
the New York Railroad Commission, is as follows
Expenses

1885.

$6,743,269
480.3;W

March

&

GroBseamings

9261,437

.

$66,323
Houston & Texas Central.— At Galveston, Texas, April 26,
Trust Company of New York, trustee of
the Farmers" Loan
Texas Central Railthe general mortgage of the Houston
road Company, filed a bill of foreclosure against that road in
The
general
mortgage was
the United States Circuit Court.
executed April 1, 1881, and authorized an issue of f 18, .500,000
gold
6 per cent
bonds.
The trustees for ihe first
mortgage bonds instituted a suit of foreclosure against the
railway several months ago, which suit is still pending.
$14,339

Puclflc.

Jnlyl toDeo. 31.
January
February

1884-5.

102,403

9282,030

IHH',

:

Port Worth & Denrer City. The gross and net earnings
for March, and from Nov. Ito March 31, have been as follows:
.

381. 'il3

9483,360 91.201,231
254,051
775,445

1885-6.

.

111,878
81,715

»e4.-.'i-.I

435,072

$228,405
9519,785
$198,218
9532,956
groes and net earnings thus far in
the fiscal years ISftl-S."! and 1885-86, by months, are as follows,
reported for the Chronicle
Oroei Earningt.
Ifet Xarningi

yet Earningt.
1884-5.
1885-6.
$98i),513
$8:>';.039
1(I0.2H4
103.914

120,274
84,486

Mareh 3 1 .—

Noteamlngs

Northern

1

92,227,459 $2,129,343
427,885
324,032
341.386
311.894
344,023
324,401

to Dec. 31

January

$80,171

Grass earnings
$46o.l47
Operating cxiicnses.... 261,928

—

arosf Eaminffi.
1881-5.
188n-«.

9120,931

to

971m,(ki2

Northern CentraL— The statement of ktow eamlnfcs and
expenses for the month of March and nnce January 1 is
as follows:
MareS.
^3 m. ended Hehai.-.

April 26, the attorneys for the bondholders of this railroad,
which has l)Pen in the hands of a receiver for nearly a year,
filed in the United States Court a bill of foreclosure of the three
mortgflgps on the road.
East Tennossee Virginia & Oeorgla.—The committee announce that they have now on ileposit with the Centr.il Trust
Co., under the plan of reorganization, the following securities:
Consols, 114,378,000; income Iwnds, if;l;i,004,000; preferred and
common stock, 183,289 shares. In order that all security holders may have an opportunity to participate in the benefits of
the agreement, the time during which they may deposit their
securities has been extended feven days, until May 4, inclusive, after which date they will be received only on such terms
and conditions as may be determined upon by the committee.
The gross and net earnings by months, reported for the
Chrosicle, areas follows
.

m.Jan. I
1886

9220.4V6
156,375
134.245

A taZM...

Netearnlnn

Des IKoInes Osceola & Southern.— At Des MoineB, Iowa,

-. --3
188.*^.

»277.3(i7

$2;;5,614

nio.s....

Gain $73,772

Def. $332,195

Def. $258,423

Philadelphia & Reading.— The sale of Philadelphia &
Reading Railroad securities at auction at the Real Estate Exchange on Wednesday was largely attended. There were
$1,000,000 first series 5 per cent consolidated mortgage
bonds and $3,000,000 second series, which were pledged with
the Central of New Jersey Company. The first series bonds
were olfered flist, and were bought by Mr. Wharton Barker,
of Philadelphia, who succeeded in securing the lot, with the
The bidding was
exception of a single hundred th usand.
general and lively, and the first sale was at 55 and the last
price was 60. There was a slight dispute about one lot, which
was knocked down to John W, Ellis at 58^^. This lot was
subsequently bought from Mr. Ellis, giving Mr. Barker the
entire $1,000,000. The seconds were put up, and starting at
31 a single lot was sold at 25,i^, when the remaining bonds
were withdrawn.

The .•J;(J03,750 realized will reduce the debt to about $800,000.
Mobile & Ohio. The gross and net earnings for March and
At 251^ the remaining $1,900,000 of second series would realfrom July 1 to March 31 have been
ize $474,.500, and leave about §325,000.
March.
July 1 to March 31.
—The new Reading car trust, which has been authorized by
1886.
1885.
1881-5.
1885-fi.
Gross earnings
$l!io.956 $l,5»»,i46
$144,687
$1,741,158 the United States Court, will not be issued for nearly two
Operating expenses.
116,227
134,622
I,lSil,3l8
1,098,076
The total amount of the new certificates will be
months.
One-fifth of
Net earnings..
$28,460
$36,334
$301,370
$519,840 $7.50,000, and they will bear 6 per cent interest.
Vevr Tork Lake Erie & Westem.— The statement of gross them will be drawn and paid off yearly.
The result of the joint operations of the Philadelphia <fe
and net earnings for .sis months of the current fiscal vear
Reading Railroad and Coal & Iron Company in the month of
is given below, by montiis, and the gross earnings include 68
:

,

.

—

per cent of the earnings of the New York Pennsvlvania &
Ohio, leased line, the other 32 per cent of the earnings of that
lino being paid as rental. The net earnings are correct as
showing the actual results to the New York Lake Erie

&

Western Company.
October

November...

December
Jamiiiry
Fehriiary

March
Tot.ll 6

nross JCamlngs.
1885-86.
1884-85.
$1,9^0.648
$1,867,857
1,912.526
1.70:^,338
1,872.887
1.570,;!85
1,S15,143
1,531,601
1,551,486
1.371624
1,793,220
1,568,522

months.. $10,642,371

$9,397,169

Eariunqs.
1884-8 5.
188S-;e.
A'ef

.

.

$674,410
609,«74
515,360
302,308
332,587
519,354

$(i27.842

$2,953,993

.$2,236,612

187,825
:150,343

170,638
235,827
364,137

fiscal year (including Centtul
Jersey Railroad, leased), was an increase of $403,.524 in
gross earnings and an increase of $00,031 in net, compared,
with March, 1885. For the four months from Dec. 1 there wasan increase in 1885-6 of $1,141,406 in gross earnings and $330,936
in net, compared with the same periotl in 188-t-o.

March, the fourth month of the

New

Gi-oss Kcceiplt.

.

1885-6.

December
January
February

March

Xet Reeeiptt.

.

.

1885-6.

1884-5.
$3.31)0,384
2.69 1.1 5.-.

$3,937,787
2,869.913
2.676.017
3.377.495

2.764,266
2,973.971

Total4month8 ...$12,961,242 $11,819,776

.

188i-5.

$1,110,833
606,085
562,074
679,143

$871,457

$2,958,135

$2,627,109

542.55.<

60O.07R
613.112

Rome Watertowii & Ogdensbnrg'.—This company makes

New Tork Stock Exchange,- The Governors of the Stock the following statement for Slari-h and for six months:
Exchange have admitted to dealings the following securities
^Ocl. 1 to March 31.-^
Jtarch.
Rome Watertoivx & OoDENsncRa R.\ilro.vd Comi-axy.—
183.5-6.
1884-5.
1886.
1885.
$152,S27
$901,715 9802,.W3
$123,287
Gross
cirnings
An additional $8.37,000 consolidated per cent bonds, making
.592.000
96.446
559.255
101.781
exp.andtaxes....
Operating
amount now listed $<i,;i;37,000.
:

,

.

.j

Delaware

&

Hudson Canai, Company,- An

additional

1117,000 of Albany & Susquehanna Railroad consolidated 6
per cent bonds, making total amount now listed |3,000,000 7
per cent and $.5,117,000 6 per cent.

Toledo Ann Arbor
pany.— First mortgage

&

North Michigan Railway Com-

6 per cent convertible bonds,

uary 1, 1921, of the Toledo Ann Arbor
road to the amount of $1,200,000.

&

due Jan-

Grand Trunk

Rail-

S61,043

Net cainini:9

$26,841

$;li)9,715

9243,298

Joseph & Grand Island.— The gross and net earnings
for ilarch, and for three months, Jan. I to JIarch 81, were as
St.

follows:

.

-March
1886.

$112,136
Gross earnings
46.919
Operating exrenses....

BCNot eamlDgs

$65,497

.

1885.

.-Jan. \ to March 31.—
1986.
188\

$118,695
63.527

9278.811
147,019

fJsa.oSI
ISI.CSS

$55,H8

$l36.7i)2

910?0!S

THE CHRONICLE.

550

Supreme Court of
St. Louis Alton & Terre Haute.— The
the United States has just reversed the decree of the lower
Co.,
court, which was in favor of the St. L. Alton & T. Haute
the
for $664,874 against the guarantors of the original lessee,
Indianapolis & St. Louis. The lease was for $450,000 a year,
and its terms were guaranteed by the Cleveland Columbus
Cincinnati & Indianapolis and Lake Shore jointly for onethird, the Pittsburg Fort Wayne & Chicago for one-third,
and the Indianapolis Cincinnati & Lafayette for one-third.
For several years after the collapse of the latter company, the
other guarantors paid the whole amount of the lease, but
The
finally refused to pay more than their respective thirds.
for $664,874,
St. Louis Alton & Terre Haute brought suit
amount of unpaid rental, and obtained from the United States
Circuit Court a decision in their favor, which is now reversed
by the Supreme Court, on the ground that the defendants had
no right to make such guarantee. The full text of the decision
will be ready in a few days.
Texas & Paclflc— A plan of reorganization has been proposed by the committee in Philadelphia of which Mr. Wistar
The plan is so unfavorable to the Eio Grande
is Chairman.
Division bondholders, and particularly to the stockholders,
that these interests will hardly come into it. It appears to be
drawn mainly in the interest of the floatmg debt holders (the
Missouri PaciHc RaUroad), who are using the consolidated
bondholders for the purpose of getting control of the newcompany at the least possible cost.
The large claim of the Missouri Pacific against the Texas &
Pacific (about $1,800,000) has never been explained in detail,

validity established, so far as we know, and now it is
to acknowledge it in full without inquiry and issue
Ereposed
Pacific stock.
ve times its face value in new Texas
Present stockholders are called on to pay an assessment of
two-thirds the full value of their holdings, by surrendering
two shares out of three, and after this assessment there is
no cash in the treasury for improvements, and they have a
mortgage debt of $40,000,000 ahead of them
The effect of this plan would be to assess present stockholders the enormous assessment of 66-3 per cent on their holdings, and at the same time the Missouri Pacific would take
about $9,000,000 of the new stock for its claim, leaving the
necessity of purchasing only a small amount to obtain a clear
majority. There would certainly be no inducement for the
old stockholders to purchase a single share of the new stock at

nor

its

&

So bold a
15, and there is no guarantee that it would be sold.
plan to squeeze out stockholders and get possession of a company has seldom been proposed, and it would be far cheaper
for stockholders to pay a cash assessment of 10 per cent on
their presentholdiogs, and thus put over $3,000,000 in the
treasury, than to be practically wiped out by this plan proposed in the Gould interest.
It is quite right that the old consolidated mortgage bondholders should be fully protected and get both principal and
interest, and if they consented to reduce their future rate of
interest to 5 per cent, this would be a reasonable concession on
their part but a preferred stock for the floating debt at its
par value would be sufficient for that class of indebtedness.
As an outline of what mieht be a fair and simple plan of
reorganization, the following is suggested
1. Pay all interest due to the holders of the consolidated
bonds, leave the principal unchanged, and stamp future
coupons at 5 per cent.
3. On the Eio Grande Division bonds and N. 0.» Pacific
bonds, fund overdue interest and interest till 1889 into pre;

:

[Vol. XLII.

COMMERCIAL EPITOME.
Friday NiaHT, April 30, 1888.
the strikes of workmen have been adjusted,
but others have occurred, including fresh troubles to-day with
railroad men at Chicago, and other contests are threatened.
These multiplied and prolonged disputes have almost entirely
destroyed speculation, and caused dealers and manufacturers

A number of

their pressing needs.
The effect
upon business has been very unfavorable, except that it has
promoted exports by preventing any improvement in values,
which, under ordinary circumstances, might attend a decrease
in supplies. There have been local storms of some severity,
and the overflow of the Lower Mississippi River has become
to limit their purchases to

but the weather generally has continued springlike,
favorable to planting and sowing and to the germination of
the seed, and promoting the complete resumption of inland

serious;

which had been delayed somewhat.
There has been some depressioa In lard, caused by the free

navigation,
deliveries

on May contracts and the general lack of speculative

confidence, notwithstanding the very free export

movement

which has been in progress. To-day the market was firm,
closing at 6-15c. for May, 6-20o. for June, 6"27o. for July, 6'34c.
for August, 6"41c. for September and 6 47c. for Oct.
Lard on
the spot closes quiet but firm at 6 05c. for prime city, 6 17)^®
8'23i^c. for prime to choice Western and 6"40o. for refined for
Pork, at some decline, has been more active,
a5@$9 50 for old mess, $10 35@$10 50 for new
mess, $10 75@$11 for family and $11 7o@$12 50 tor clear. Cut
meats have been more steadily held, with a fair inquiry
pickled bellies close at 5@ 5%c., pickled hams at 8J^@ 9i^c. and
smoked hams, Q^lOo. and shoulders
shoulders at 4J^@ 0.140.
5i^@6c. Baef is dull at $3® $8 50 for extra mess per bbl. and
$15@$17 for India mess par tierce. Beef hams are firm at
$19 50@$20 per bbl. Tallow is dull at S^c. per lb. Stearins
Butter is again
is quiet at 71^0. and oleomargarine at 5^@8o,
decidedly lower at 17@ 24c. for creamery. Cheese is also lower
at 6)^® lO^c. for State factory. The swine slaughtered at the
principal western towns from March 1 to latest dates num-

the Continent.
closing at $9

;

;

corresponding
bered 895,000, against
855,000 for the
period last season, but strikes threaten to seriously impede
The following is a comparative
packiag operations at once.
summary of aggregate exports from October 26 to April 24
for

two

years:

Pork
Bacon, Ac
Lard

lbs.
lbs.
lbs.

1885-6.
22,599,400
238,614.288
149.141,868

1884-5.
27,781,200
232,318.878
148,134,877

Dec.

5,181,800

Inc.
Inc.

6.-295,410

1,006,991

There has been excited speculation in Rio coffee, and prices
have materially advanced. In the past two or three days
there has been less buoyancy, and the close this afternoon is
with sellers at 7'40c. for May, 7*35c. for June, 7'30c. for July
ferred stock, and after 1889 pay interest at 5 per cent.
and 7'25c. for the later months August to December. Coffee
3. Let the land income bonds take the lands.
on the spot was also dearer, and fair cargoes Rio advanced to
4. Let the floating debt take new preferred stock.
9c. but this figure is not fully maintained at the close, and
stock
an
pay
assessment of $10 per share, mild grades are more freely offered. Raw sugars have been
5. Let the present
would
raise
about
cash.
which
$3,200,000
very dull, owing to the continuance of the strike of the
The plan from Philadelphia, which seems to be so plainly in workmen in the great refineries of Brooklyn, and they close
Mr. Gould's interest, and which would leave him in control nominal at 8}^c. for fair refining Cuba. The delivery of

—

;

refined sugars oq old orders is now making better progress,
and piices are unsettled. Molasses has declined to 19c. for
closure for ft new corporation, wiiose capit.il stoclt will be the same 50-degrees test.
Auction sales of teas have gone off slowly.
present
coiupany,
amount as that of the
the stock lioldei-d receiving fur
Kentucky tobacco is quiet and unchanged. Seed leaf has
sliares of old stock one new share, with the optional riglit
every the
been more freely offered and prices have favored buyers.
to I'uy another for $ '.5.
The floaiiug debt to be settled for in new stock at $20 per gliare. The Salesfor the week are 1,135 cases, as follows: 500 cases 1884
new company to make one new fifty-year gold 5 percent mortgage for crop, Wisconsin Havana, 8@10c.; 150 cases 1885 crop, Penn$40,000,000, of which $ ;3,OOO,O0O, to be known as series "A," bearing
obligatory interest, and $17,000,000 as series "B," with interest sylvania Havana seed, private terms 85 cases 1885 crop, New
payable as earned, non-cumulative, hut no new lien can ever be England Havana seed, private terms
50 cases 1885 crop,
interposed between the two series.
100 cases 1884 crop, Pennsylvania
Ohio, private terms
Consolidated bonds to receive 100 per cent of series "A" and 20 per
Havana seed, 8@ 10c. 100 cases 1884 crop, Pennsylvania seed
<jent series "B."
New Orleans division bonds to receive 55 per cent of series "A" and leaf, 9® lie. and 150 cases sundries 5@35c. also 350 bale
46 per cent of series "B."
Havana, 60c.@$l 05 and 100 bales Sumatra $1 35@$1 50.
Rio Grande division bonds to receive 35 per cent of series "A" and 65
Spirits turpentine has been dull, strikes having prevented
per cent series "B."
Terminal bonds to receive 25 per cent of series "A" and 75 per cent much painting being done this spring, and the price has
"
series U."
further declined to 38J^c. Rosins are dull at $1 02^(9 1 07J^c.
The laud grant lands to be purchiised ani administered by the bondfor common to good strained. The speculation in crude petroholders, with tue assent and aid of the committee.
leum certificates has been depressed by the news from the
The plan involves the annual obligatory interest of $1,115,000 wellp, but to-day prices partially recovered, closing this afterand conditional interest of $700,000, making a total annual noon at 73%@73i^c.; crude in bbls. quoted at 6}i@65^c.;
charge of $1,815,000 coming ahead of the stock,
refined in bbls. '7}i@7^ic, and in oases 8J^@958C.; naphtha,

of the company, is as follows
All property— except land grant lands— to be purchased under fore:

c

;

;

;

;

;

Toledo Cincinnati & St. Louis— Toledo St. Louis & 8Mc.
City. The consolidation of the constituent companies
At to-day's Metal Exchange pig iron certificates were
going to form the new company, whose title is last-named offered at $18. Tin moderately active and quite firm at 20J^
above, is now being advertised along the line of the road, @20'90c.; sold at 20-80C. for May and June. Tin plate veryaccording to law, and will take place about the middle of dull.
Lead steady at 4'70@4*85c. for
Copper neglected.
June. The new securities will not be issued until after that domestic. Spelter was lifeless.
time. There may be an option for income bondholders to
Ocean freights are firmer, owing to the taking up of availsubscribe to new bonds or stock, but the plans in this respect able room for grain and cotton for present shipment and
have not yet been made public.
Petroleum charters are dull,
several weeks ahead.

Kansas

—

.

May

THE CHRONICLE.

1880.]

1,

COTTON.
Friday, P. M., April 80, 1886.
Thb Movemknt of thb Crop, as indicated by our telegrams
from the South to-ni(<ht, is Riven below. For the week ending
this eveninR (April .10), the total receipts have reached 40,800
balee, againat Ui.UiiO bales last week, 5t5.:!0.5 bales the previoua
bales throe weeks since; making the total
039, 198 bales, against
receipts since the lat of Scptomlwr, 1885,
4,0U8,UJ3 bales for the same period of 1884-8.'), showing an
inorease sinoe September 1, 1885, of 870.270 bales.

week and

41,;i!)2

In addition to above ezporta, our telegrams to-night alao gl r »>
09 the following amounta of cotton on HhiplKiard, not cleared
at the porta named.
add similar flKurea for New York'
which are prepared for our special oae by Meanra. Oarey, Yale
A Lam>>ert, ^4 Beaver Street,

We

On BMptoard, no< eltartd—/&r
ArRll. 30,

AT—

Oreat

outer
BHlain. /Vone«. ftnvtgn

."i,

Reeeiptt

at—

Uon.

Sat.

Qalveston
Indlauuia, Ao.
OrltMMU...

Mew

Tue*.

....

....

•

4,02C
181

650

682
40

1,034

9,374

81
50

770
50

779

659

797

7,143

....

1,970
»••

....

....

144

067

353

890

697

....

....

144
806
307
97
39
639
1,634

366

2,3i2

1,236

30

314

6H

2,314

....

Hi

• •••

101

1,011

Florida

Bavannah
BrunHW'k, Ac.
Cbarleston
Pt. Royal, Ac.

Wilmington ....
MoreU'd C.,4o

IHZ

Norfolk

016
74

WestPolnt.&o

Savannah..

123

774
• «•

....

210

75

10

198

.*.•

....

....

....

1,387

1.063

1,766

600
225
177

897
184
59
437

47
591
224

.Vew Orleans..
Moblln
Charleston ...

Talat.

414

480

Mobile

IH.

Thuri.

Wed.

Qalveston..
Norfolk

3,170

Other porta...
Total 1886.
Total 1885
Total 1884

307
772
39
6,367
2,643
1,055
1,245

EoAton .........
Baltimore

303

95
180
104

4P7

497

PWladelp'a, Ao.

50G

65

7

4

3

1,591

2,176

Totals tbl8 week

Toil

7,511

8,883

4,513

5,012

8,729

40,309

Kew York

....

....

For comparison, we give the following table showing the week's
total receipts, the total since Sept. 1, 1885, and the stock to-night,
and the same items for the corresponding periods of laat year.

1884-85.

1885-96.
Beceiptt to

This
Week.

April 30.

Qalveston

Ind'nola,Ac
New Orleans-

Mobile
Florida
Bavazmali
Br'8W'k,Ao
Cbarleston...

Pt.Royal,4c
Wilmington.
M'headC.,*<
Norfolk
W.Point,*c
New York..

Boston
Baltimore

.

.

FliUadel'a,Ao

Week.

827

1886.

1885.

453,437
10,773

32,439

9,889

9,874 1,656,739
TTO 237,819
50
50,022
7,143 766,495
141
16,055
4.157 471,622
307
13,966
772
99,200
39
7,724
6,367 527,231
2,543
265.534
1,035
53,719
1,245
92,472
497
50,401
2,176
42,637

4,032 1,496,839
173 227,899
81
77,521
3,149 715,516
9,748
310 509,024
50
6,657
81
93,465
2
9,604
1,243 545,180
1,076 280,751
748
67,249
529
80,474
1,936
38,211
504
46,-573

184,395
29,553
2
30,538

131,441
16,840
2
10,062

40.'^n'> 5.03<>.198

Total

Stock.

Since Sep.
1, 1884.

781

686,751

3,170

...

TkU

Since Sep.
1, 1885.

at—

14.746 4,661.922

Mobile

Bavannah
Uharl'sfn, Ao

WUm'ijfn.&i

827

3,170
9,874

4,032

770

178

673

3,149

1,123
1,303

360

811
2,543
5,167

83
1,243
1,076
3,793

40,309

14,746

e,3i57

5,822

34,910
6,462
310,047
8,310
27,437
17,097

5,363

W.

AUotbers...
Tot.

tills

w-k-

t\vp<- Sept. 1.

1882.

9,699
12,600
1,252
3,616
3,223

86
939

1,369

347,788
6,310
11,861
9,962

556,709

3,067
4,000
1,475
3,611
2,013

we

1881.

634

470

313
5,554

81
11,016

3.90S
2,710
13,162

675
9 950

20,053

48,761

34,423

45 535

From SetlU

30.

12.008

9,383

1,

21,481

Mobile

16.545

6)4,0iJ3 292,537

nent.
75,019

4,798

32,889
22.606

823.820
627,288

iOii

700

044

Cotton for future delivery at thi.s market for the week
under review has been fairly active, but the course of prices
has been variable and somewhat irregular. The resumption
of business on Monday following the adjournment from the
previous Thursday was rather sluggish, but the marked
reduction of stocks at interior towns, the smaller visible supply in the markets of the world and the indications that there
would be no pressure from deliveries on May contracts, g avo
an upward turn to values which at the close amounted to 4 Q(J
points.
feature of the day was the free extension of co ntracts for May to summer or autumn months. On Tueeda y
contracts for Apri and May showed more strength than th e
later deliveries, but on Wednesday there was a general decline,
under reports of better weather at the South, although Liverpool was dearer for spot cotton and the receipts at the ports
were small. Yesterday a better report from Liverpool caused
a partial recovery of Wednesday's decline. To-dav Liverpool
advices were again better, and this market developed much
strength, though only moderately active, and the close was
quiet, the stocks at interior towns not having decreased as
much as was expecte<'. Cotton on the spot has met with a
more general demand, though not active.
Prices were
unchanged until yesterday, when an advance of l-16c. was
quoted.
To-day a considerable business for export was

A

I

reported.

forward delivery for the week are 291,100
For immediate delivery the total sales foot up this week
8,165 bales, including 1,196 for export, 1,469 for consumption,
500 for speculation and
in transit. Of the above,
bales
were to arrive. The following are the o£Scial quotations for
eaich day of the past week.

The

total sales for

—

NEW ORLEANS.
MomTnes

UPLANDS.

April 24 to
April 30.
Sat.
Ordln'y.?lll>
Strict Ord-.

nioitiTne* Sat.
6»B
87,6
813l6
91 IS
9>4
Oiijs

Liow Mldd'K
3tr.L'w Mid
Middling-..

Good Mid..
8tr. G'd Mid

10

Midd'g Fair

lOSs

U
Wed

Ordln'y.««)
Strict Ord..
G>ood Ord..

658
71l8
H

6i3ie

6»s
7li6
8

TEXAS.

MonlTnea

Sat.

63,g

613i,

7^

7>4

r4v

8;4i,

9

•d

SI"
9''9

^911.

r4'
I'"

9

9»4

^>

?!•<»

n

9''e

103,g
10»18
113,8

lO'is 103,8
10»16 10»ie
113|« 113l«

11

Wed

Tb. Frt.

Tb. Frl.

?^"

?'4- ?i:75i«

s'u

81 IS

Wed

9^
9U,a' 9^
atr.fi'd.Mld 10
101,8 101,8
Midd'g Fair 1038
107,8 107,8
1U16 111,,
Fair
11
STAINED.

Sat.

laon Taes W^ed Tb.

HoU-

8''l6
fl'3|fl

»h«

9^

R>1

8Ta
9J8
9^i«

8»is
R'r

8>fl

8 'a
9JR
9^18

9

OM

Good Mid..

10»,s
lOOia
ll»ie

Th. Fri.
679
7»,«

6''8

97^8
9's
103,8
109,8
11316

Str.G'dOrd
Low Midd'g
Str.L'wMid
MlddUng-.-

9

9>4

?tl'
7'l8
8>4
HH 83,8
8l'i« 81'TS 8»s
9
9>is
9>is
9'>,8
tf'*
»»16
9>9
9»?
9' 18
yi^is ""is »''s
IOI4
lO'i
103,8
10l>8
lOBg
10»18
11>4
ii3i.

L^

6^
l>
8>4

8"l8

Si"
9»I6
g,""

9

"le

10>4

ION

im

373,402 1,340.032
42,416

99,904
81,390
1,015

1,015

4,626

4.624

499

499

43.839
195,1SS
84.798

8,M2
20.622
1,810

2328

289.516
201,900
23,184
5,709
16,941
157,079

897,702
3WJ.912
68.863
203.175
6I,rj9

3,120

18,948

40

10.579

369,495
119.571

32,059

10.539

5.580
2,H67

2,442

8,002

93.891

1,835

28,8 iO

2,637

39,772

4.354

S59.233
lao.tsi
122.138
44.120

81,217

1.604 14.965

376,418

M76,184

8,572,890

21.005

1,241

589

67,806

~2ii80 "24.686 2.H8.615

1,810

RS3.049 3.551.6J1

^Ib,
day.

MlddllnK

ll"*

9>s
915,8
10>4

10=8
11»4

SI"
7ie

7>e

71618

7l'i,

6>«
7»ia
8

Frf.

8"i«

8%

SIi«
'"e
71B,8
811,8' 8II18

6)4

7»i»
8

8%

UABKET AND SALES.
and future deliveries each day during the

The total sales
week are indicated

in the following statement. For the conTenience of the reader we also add a column which shows at a.
glance how the market closed on same days.
_

BALES or SPOT AND TRAMSIT.

BFOT MARKET
OLOSKD.

315.607

15,2;W

1884-85

9,107
4,530

rot*.

Boston
BalUmore...

ToUl

811,201

4.814
6,150

Low Middling

New York

Total

101,197

14^142
10,982

OontU

Britain. France

42,416

.

13.224

|

riorlds

Ptilladelp'a,&o

15,826

•

1885. to Apr. 30. 18S6.

Qreat
223.113

Point...

None.

14,106

Qood Ordinary
Strict Good Ordinary...

Exported to—

QalTeston

West

133.S41
27.8S3
26.044
26.43 B
26,896
18.910
298,047
53.373

57,951

Fair

4,162
14.831
1,700
5,375
2,975

7,799
2,399
7,509

Oreat
CoatU Tbtal
BriVn. rranee nent. Week.

SsTannall
Charleston ....
WUmlnitton...
Norfolk

921
None.
4,200
None.

Aoeic

0039,198 4663,922 4713,319 5660,670 4466,165

WtO. EndirtQ April
ESospoTUd to—

Nen Orleans.

None.
14,000
7,500
8,000

4,402
None.
1.100
1.100
4,622
2,000
None.

Mai.
50,754
1.700
3,100
4.100
5.543
16.000
12,000
8,000

aood Ord..
8tr. G'd Ord

Uiil^eston includes Indlanola; Charleston includes Port Royal. Ao
Wilmington includes Moreh'd City, Ac; West Pouit includes City Puint,Ai
The exports for the week ending this evening reach a total
of CT,806 bales, of which 51,217 were to Great Britain, 1,604
to Fiance and 14,935 to the rest of the Continent. Below are
the exports for the week and since Seotember 1, 1885.

MBtortt

9,605
Nona.

wife.

—

29,144
3
4,061

712,398

1883.

1,358
3,471

7,143
4,464

Norfolk
Point, Ac.

1884.

1885.

1886.

Galvest'n.&c.
New Orleans.

24,151
1.700
None.
2.300

Ooatl-

balee.

In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Seeeiplt

..
..

Hew York

4,157

651

Xx-

Oon-

port.

$ump

ul't'nl

tit.

Wed

Eiisy

I'uurs

Firm at
Steady

,

444
62

1,8 adv.
,

66O:

292
202
299
297
379

500

roTDaas
IHiim^

Total.

.Hoi iday.

Sat.

Mon Steady
Toea Steady
Fri

Spec- Trati-

792
686
351
S97
1.039

Baiei.

90,000
67.400
53,000
35,900
44.800

37l65 291.100i
800
TotaL
The dally deliveries given above are aotuoUy deUverud the day
previous to that on which they are reported.
The Sales and Prices of Futorbs are shown by the following comprehensive table. In the statement will be found the
daily market, the prices of sales for each month each day, and
the cIoeinK bid«. >n addition to the daUy and total sales.
1.19611.4691

THE CHRONICLE.

552

^H
p
ft
5S
iSef
z 2^ i3gi |5Sl i5ft| i3ftl
»o»pi i3i|
s.o'S'
ca>»ap ff**.* a.2*S
C*'"^
bI-"?.
B'i?g'
ffi-"^
p *£ T'SS >.
o
•d

2.c»

SE

.

»i

•

H ^^
on
i?

fts g
p,r

:

;

»>r

s&>-

Hi M

•

r

i«S

1

Oq

R'R'

00

t

»:

5-'

:

atock at Liverpool

I

Btoot: at

2k)

5

"r^to

cjiO*
op

tee

ceo

a:

I

:.

cS

8

I

!^

:

O03

>
5

toto

sn:

I

CD

a.»:

I

oaoa

COCO

to

Oot

coco

15

cicco

2

toco
toco

II

COCOo^O
tOtoObO

5 CO

2

CDCDqCD

cowOcJ

tecco<o
coco^co
tc^l

coco
1^1^

CO^

5

coco

2
'i

(^ *•

CD

CO

»<»:

coco
coco

a.

"'

!*»

5
2
"^

coto
00

cecco®
^Oi

CDo<0

»«»;

«*•:

5

coco

2
<

?

ll'li

5

I

<1{E

:

coco
5
n^i^
2
•*
toco
a.to:

a

:

CD

I

a

COCDoCO

OCO

CO

COi«

5

coco

^

WW

**

?oco
toto

coco

«h;

I

toto

COM
I

(OCCo®
totoOto
coco
toto
CDCC
I

I

^

15

2

to 10

2

I

a

c;»

QD

coco
coco

aa

"?co

I

"o
o

:

OCO
Oto

COUC K)
coco
COCO

lf»CO

a

I

cocoOco

ili-lliC'CO

tOM

CO

5^

COCO

5

U»10

**

MOD

-J

coo

5^

2
^

loto

2

a

CO

COCDo<?
toioO(o

CUT

CD

lotoOfcb

5
2
*<
:

I

CDCOo^
totoOto
coco
coco
cncn
I

a

M

g E

(p 01

!

tfi

a>

-f-o"

Si wgjp^a
BE

2
•*

ar!

a

CDCOoCO
totoOto
coco
coco

5
tt
*<
:

I

COCDoCO
cocoOco

;j3t>C:HO<2'T)05530pggoti

o

^3

S,3.g,2.5-?S.si»

^aoJac

.r-

2.

a>

S5c^Mi

10
O M
<] o cc to »•
o
If^

a> 00

ff)

»• E P

•

&•

ODOlCnWi^ to CCA tOtOU'l-'Wt-Oiit'.
tott».-gr-osi--toaco3;i-ciQDi--cio«i;-w
COOCOCOQDMt-'rfkXt-Ctf^WltkOOO'-CCO

COCOOCO
COCOOCO
to

toco
CO

c 1^ cc

It- c;<

O

-OS^tOOrf^*J

a;

—

<

ar;

011^

I

502,400
540.700
859,400
770.900
1,970,364 1,889,675 1,931,343 2,247,727

I

coo

It-

a

240,000
58,400
108,500
330,000
34,000

QD

•<1

I

Ac

292,000
65,000
112,400
344,000
46,000

223,000
32,000
99,700
174,000
12,000

week and

tsw -iO a

CO

CDCOoCO
cocoOcc

WU"

9^:

COOO

166,000
23,000
73.400
217,000
23,000

—

or:

10^ to

1

for the

2

COCO
toto
OJtO
:

2,600

693,000
211,000
575,000
601,951
146,176
20,600

the movement that is the receipts
since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1884-85 is set out in detail in the following statement.

5^

cDeoo<0

757,000
316,000
223,000
549,894
74,949
5,500

1,970,354 1,889,673 1,931,343 2.247,727

afloat

<teo.,

800,000
276,000
173,000
556,709
81,366

462,000
260,000
302,000
712.398
222,741
11,215

At the Interior Towns

coco
toi-

0909

a

bales

.

tctoOio

CCCCo®
10

1,000

2,472,754 2,430,375 2,790,743 3,018,627
Total visible supply
Siiied.
S^d,
B^sd.
5%d.
Price Mid. Upl., Liverpool
10ii,eo.
ll?io.
10%o.
95igc.
PrioeMid.Upl., New York....
1^* The imports into Continental ports this week hare been
50,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 43,379 bales as compared with the same date of
1885, a decrease of 317,989 bales as compared with the corresponding date of 1884 and a decrease of 545,873 bales as
compared with 1883.

CD
oooco

COCOoCD
tOKjCto

I

I

319,500

TotalAmerloan

2
or

5^

tctoOto

428,400

Total East India,

CCCOoCD

to

CCCOoCD

00

o^
5

:

00

375,700

Egypt, Brazil,

p-

5

M

:

coco

'^

9

d

CD

2
**

333,400

Oontinental stocks
India afloat for Europe

»p;

«oco

om:

I

COCO
tito

Xotal Continental stocks

Londonstock

utytto

w

eocoo'-o

00

a

I

i^l^Otfl
coto
t^

CDCC09 cpcOo® COCC09

loto

»

I

<>

coccoco

CX)

coco

5

citcJi

Ifk.

1^

_
"

tOf

s
*<

c»w:

I

ceto

cj-di^c^

i*^ii^

2,400
3,300
134,000
6,300
71,000
9,900
9,000

Total American.
Xast Indian, Braztl, <lc.—
Liverpool stock

cocooco

coco

COCO
tcto
QOOS

so:

I

CCCOqCO

OS

-3

2,800
221,000
4,000
61,000
9,000
5,000

400

afloat for Europe...
United States stock
Uolied States Interior stocks..
Doited States exports to-day..

2

it'co

CJicJtOCJi

oi

to^

r-*

coco

COCDoCC

^oa

400
800
173,000
5,000
81,000
8,000
5,000

Liverpool stock
Continental stocks

CO

CO
CO

CJ»d>Oyi

CO

coco

I

coccoto
COtP

1,600

159,000
6,000
72,000
15,000
3,000

American
i^rf^

991,400
5,000
45.600
33,0C0

American—

5
2

coco

651,000 1,055,000 1,114,000
4,000
5,500
3,100
44,400
49,000
71,500
28,000
48,000
50.000

Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock

2,472,754 2,430,375 2,790,743 3,018,627
Total visible supply
Of the above, the totals of American and other descriptions are as f oUov s

CDCDoCO
cocoOco

1

or:

5

9

c^iat-j**

coco

coco

?3

I

00

coco

c;"

coo

CJICO

h-O

1893.
933,000
58,400

984,400 1,430,700 1,542,400 1,310,900
217,000
174,000
344,000
330,000
Amer'n oott'n afloat for Eur'pe 302.000 173,000 228,000 575,000
23,000
Egypt,BrazU,&c.,afltfor E'r'pe
12,000
46,000
34,000
Stock In United States ports .. 712,398
556,709
549,894
601,951
Stock in U. 8. interior towns.. 222,741
81,366
74,949
146,176
11,215
Dulted States exports to-day..
2,600
5,500
20,600

»»-:

I

1886.
1885.
1884.
628,000 1,023,000 1,049,000
23,C0a
32,000
65,000

Total European stocks ....
India cotton afloat for Europe,

COCOoW

cpcogco

I

COqCO

.

2

CO
b-

ew;

I

M"-

wp:

I

coco

IJ

2

I-*

CTCOh"^
to„

^

coco

toco
K)KJ
I

CD

CDCoScO

QD

5

to

^

COCO
>^-^
9
CO 00>->^

etsot

«s

toS
-Jo

:

COCDoO

I

I

COCO

CO CO

a

I

CD

CCCOqCD

5

coto

bales.

London

Total Great Britain stock .
at Hamburg
at Bremen
at Amsterdam ....
...
at Rotterdam
at Antwerp
at Havre
at Marseilles
at Barcelona
at Oenoa
.,
at Trieste

IP

«Do^

-

w

XLU.

Thk Visible Supply op Cotton to-ni^ht, as made up by cable
and telegraph, is as follows. The Contmental stocks, as well as
Chose 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 comnlete
to Thursday evening.
figures for to-night (April 30), we add the item of exports from
the United States^ includmg in it the exports of Friday only,

"!

§

[Vol.

O'CtC

•-JlOtO yito

OltOOC

tOU'b

-tc to
i(-CO&

COO'C

CiCOU' CRGD c:uitO'-

;rf».CO~

:

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-4
l^>

1^

i?

!f
I

I

I

a
;ii

I

I

10;:
I

I

ZAt-

C^COU

to
o:

t- O O
OW
o f^ 00 o
If)"

Ci

^WfcOtO;

<
I

I

-cow

P CO to CO

COOCDt'

5 1-

SifkiQOCj

CI

^VCnOi*
-c;'*c

OCD)^CJ<C

if^

c;<

»^

?lP'tOlf

I-

*

5.

I

$

I

I

I

a

'on^j'cVoCOO'

;

;

K^COO

tP>

to;
00.

cc

'

;

The following ezohanges have been made during the week:
•33 pd. to exch. 5,800 May for Aug. •01 pd. to excli. 500 Jan. for June.
34 pd. to exch. 4,200 May for Aug. Oi pd. to exch. 300 May for Oct
13 pd. to exch. 2,700 May for June 03 pd. to exch. 1.000 May for Oct.
"21 pd. to exch. 1.200 Junefor Aug. •20 pd. to exch. 400 May for
Sept,
•33 pd. to exch. 400 April for Aug.
Even 400 May for November.
"23 pd. to exch. 600 May for July.
•30 pd. to exch. 800 Oct. for Aug.
•20 pd. to exch. 400 June for Aug.
12 pd. to exch. 1.000 May for June
•24 pd. to exch. 1,700 May for July 11 pd. to exoh. 500 June for
10 pd. to exch. 1,400 July for Aug. 01 pd. to exch. 1,200 May forJuly.
Nov.
•21 pd. to exch. 400 May for Sept.
12 pd. to exch. 300 May for June.
•07 pd. to exch. 600 May for Dec.
•19 pd. to exch. 400 Deo. for July.
02 pd. to exch. 100 May for Not.
36 pd. to exch. 200 May s. n. for
Oo pd. t« exch. 200 May for Got.
August.

I-*

w*»-t.

CO

w^o

CXWWCiXtOt

Mai-

;

;

tOtJii-

pto

I

* Inolades sales in Beptember, 1885, for September, 130,200
Septetn ber-October, for October, 301,700; Septembei-November. for November
416,400 September-December, for December, 928.200 September-January, for January, 2.004.200; September-February, for February
1,370.00< September-March, for March, 1,745,400.
Transferable Orders—Saturday,
Monday, 9-25o.: TnesdaT
0.;
9'25c.; Wednesday, 9-20o.: Thursday, 9-25o.; Friday. 9-30o.
Short Notices for May— Wednesday, 9'25c Thursday, 9-21c.

^

h-^Mff-^M-

C9
CD to

W r- W H«

toto

I-

f-"

CO

Ot0**t5«>

QoVtoVjai'r-'''-3

"Vi'ft-iow^ <ltOCO^

CO i->

O to CO CO CO

tOOOO'-'CO

C0OQDXif^<

-JCtOOO

acotox>M f-it-cocsy

M

*JCCOr-M'
lU.

O

»

(-

eo Of
(U
OD 00
'JS -J

OO'
IS*.

A

000*- -J
X
COXOiXCO- <lAOiM*

M M 1^
If*.

cooiMtoT-bs

GD )b. on CO to ot
-J •^Otos:o<uto
>->

ZfiCi

b»

01 CD

otooto osto
en to A utoObO
tCt-jOlMM^-jD

-CO
01(0033

-^

OL 00

ODcoco^xa»ao

tOOJO'CJi^^tn

aCTOir-otoo

I--

-"a

0' CO

"tO

CO CO

to CO 30"^
— to CO
Aoo-^co;

oj

1^ to Vj*.©^

too

o A a< o

The above totals show that the old iaterior stocks have
decretised duriofi the week 37,019 bales and are to-iii{(ht 1-41,375
The receipts at
bales more than at the same period last year.

:

.

May

THE (JHRONICLE.

18B8.J

I,

the same towns have been 15,333 balee more than the aame
week last yonr, and Rince Saptember 1 the receipts at all the
towns are 6l:),i)ll b!il>>H more Ihaii for the same time in 1884-0,

Quotations vou Middlino Ootton at Other Maukbts,—
in the table tolow wo Kive the closing quotations of middling
cotton at Southern and other principal cotton marlcets for each
day of the past week.

553

'^'* tliermometer haa nuiged from 54 to ^0, hymming 66. During the month of April the rainfall reached
two
inches and nini'ty-ninu hundredth*.
HuntsvilU; 7t.ca#.— Tliero have l)e*n fn" nhowen on four
days of the week, the rainfall reaching ne inch and fifty-six
- -r •'
hundredths. Corn is good and cotton
»
com-

P'"*^-**•r^

<

pleted.

Average thermometer

TO;

111

Dallas, Texas.— It has rained on
week
the rainfall reaching forty-Kevpn huMdr«lthii of an Inch.'
OLOMMO QUOTATIOKI FOB MIODLINO COTTUM OM
Wiek enriing
Planlmg is progreesing finely. The thermometer baa aTenured
Tut*.
Wednti. Thur:
Salur.
Man.
70, Ihe highest being 87 and the lowest 52.
*w.
Austin, Texas.—
have had fine showeni on four days of
OalveaUin ...
9
9
9
9
p
the week, the rainfall reachi. g one Inch and sixty-one hun8 'a
New Orleans.
813,,
dredths. Good progress is being made in planting. The therMobile
8'3j,
81>i«
Bavuniiah. ..
mometer has averaged 69, ranging from 52 to 80.
9"
9"
§^
§^
Chill loston
9
Lulina, Texas.— "VYiBTa has been one goo<l shower durin
WilinhiKton..
9
9
9
9
9
9
g
the week, but more is needed. The rainfall reached flftNorMlk
9
9
9
9
8"ia
Boatim
938»>1
838»»«
93e«is
9Hi'^
838
hundredths
of an inch. All crops look promising. The theiy
«l8
Biiltlinore
9>«
9%
»h
mcftneter has ranged from 60 to 88, averaging 7:i.
Phlliulelvhla.
9',„
Columbia, Texas.— It has rained splendidly on two days of
AUKU8ta
'8
MiMiiiihls
the week, the ruinfall reaching one inch and nine hundredths.
8
S''8
8''e
8'e
St. Louis
have about finished planting. Average thermometer 73
Cincinnati...
r^
rr^
highest 83 and lowest 60.
LonlSTlUe
8^8
8'8
Cuero, Texas.— It has rained splendidly on two days of the
Receipts fkom the Plantations.— The following table week, and just as needed. The rainfall reached one inch and
thirty
hundredtlis. Cotton planting progresses finely. Com
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor averages two feet high and some cotton has six leaves. EverySouthern consumption; they are simply a statement of the thing promising. The thermometer has averaged 73, the
weekly movement from the plantations of that part of the crop highest being 86 and the lowest 60.
Brenham, Texas.—
have had showers on four days of
which finally reaches the market through the outports.
the week, the rainfall reaching fifty-two hundredths of an
inch. Young crops are good, but eastward of this point a hail
Wtek
Receivtt at tlit ParU. [Sfk at Interior Ibvnu. Bec'vts from Planl'n$,
storm did much local damage. The thermometer has averEnding—
18St.
1886.
1886.
1881.
1885.
1886.
1884,
1885.
aged 71, ranging from 58 to 83.
1886.
Helton Texas.— It has rained hard on four days of the
Hch.86..
5«,88t] 28,810[ 84,328 14 1, 238158, 175 338.392 33,311' 16,830 29,998
week, mainly beneficial, but interrupting planting. The
Apr. a..
37,091 8tl,lir SU.Ol'S 125,39l'll4,90S 335,663 81,849' 14,934! SfVI-JB
"
»..
30,113 21,808 41.392 110,068 128,»0« 319,744 14,787,
rainfall readied two inches and seventeen hundredths. A hail
5,716 23,473
18..
80,«74 2.?,';23 Sn,306; 98,960 117,823 295,810 i9,i«a: 12,640, sa.sn
and wind storm this week did considerable damage in a nar" 28..
20,9231 lO.iail 43,960| 90,794 100,983 2^,336 13,767
f-.iaV 19,488
row track. The thermometer has ranged from 57 to 88,
"
•

We

n

.

We

We

|

|

I

I

I

I

I

••

20,0SS| 14,746! 40,309

SO..

b2,809i 88,328212,113

12,0681

i

11,086

The above statement shows— 1. That the

total receipts from
September 1, 1885, are 5,265,461 baleswere 4,740,035 bales; in 1883-84 were 4,746,973 bales.
That, although the receipts at the outports the past week

the plantations since
in 1884-85
3.

—

were t0,309

bales, the actual

movement from plantations was

only 11,086 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were
bales and for 1884 they were
13,068 bales.

Amount of C!otton in Sight April 30.—In the table below
we give the receipts from plantations in another form, and add
to tnem the net overland movement to April 1, and also the
takings by Southern spinners to the same date, so as to give
amount of cotton now in sight.

But>8tantially the

1885-86.

1884-85.

1883-84.

1882-83.

Receipts at the ports to Apr, 30 5,039,198 4,668,922 4,713,319 5,660,670
Interior stocks on April 30 In
excess of September 1
22(>,263
71,113
33,653 147,898
Tot. receipts from planta'tns 5,265,161 4,740,035 4,746,972 5,808,568
Net overland to April 1
682,645 556,182 526,328 572,324
Soatliern consumpt'n to Apr. 1
253,000 217,000 236,000 240,000

Total in eight April 30

6,201,106(5,513,117 5,509,300 6,620,892

Northern spinners' taUnes to

AprUSO

1,541,487 1,210,382 1,373,429 1,534,218

It will be seen by the above that the Increase in amount in sight
to-night, as compared with la$t year, is 687,989 bales, the Increase

1883-84
419,786 bales.

??,„*^"U*'"'*'* '''*''

1882-83

is

is

691,806 bales and the decrease from

Weather Reports by Telegraph.—The weather has
favored planting operations in most sections of the South
during the week, and, except in those districts of the Mississippi Valley which are already overflowed or threatened with
inundation, satisfactory progress has been the rule. There
have been breaks in the levees at two or three points during
the week, but to-night the river is reported to be falling at
Memphis, although atill one foot and four-tenths above the
danger line, while our Helena correspondent reports it at
eleven inches above the highest water mark but stationary.
The outlook in Texas appears to be very promising.
Galveston, Texas.— We have had fine showers on two days
of the week, the rainfall reaching one inch and eighty-eight
hundredths.
The thermometer has averaged 71, the highest being 80, and the lowest 63.
During April the rainfall
reached two inches and twelve hundredths.
Indianola, Texas. It has been showery on two days of the
week, the rainfall reaching fifty-five hundredths of an inch.
The rain was beneficial, but insufficient. Crops look promising.
The thermometer has averaged 73, ranging from 64 to
83.
April rainfall, eighty hundredths of an inch.
Falestine, Texas. We have had showers on four days of
the week, the rainfall reaching ninety -one hundredths of an
inch. Corn has a good stand, and cotton planting makes good

—

—

averaging 70.
V/eatherford, TVaias.— There has been one shower during
the week, the rainfall reaching one hundredth of an inch.
Planting is making good progress. We are needing rain.
Average thermometer 67, highest 89 and lowest 43.
New Orleans, Lotiisiana.—lt has rained on three days of
the week, the rainfall reaching two inches and seventy-three
hundredths. The thermometer has averaged 73.
Shreveport, Louisiana. We have had rain on three days
of the week, the rainfall reaching two inches and sixty-eight
hundredths. The thermometer has averaged 67, the highest
being 87 and the lowest 54.
Columbus, Mississipi.—lt has rained on four days of the
week, the rainfall reaching two inches and eighty-eight hundredths.
The thermometer has averaged 65, ranging from

—

53 to 83.

—

Meridian, Mississippi. It has rained on four days of the
week, the rainfall reaching four inches. We are having too
rain, and it is claimed that much damage has been
done and that replanting is necessary. The thermometer has
ranged from 53 to 75.
Leland, Mississippi. We have had rain on three days of
the week, which has prevented the planters working out their
crops. The rainfall reached two inches and twenty-nine hundredths. The thermometer has ranged from 44 to 86, averaging 67-4.
Little Rook, Arkansas. We have had rain on three days
the remainder of the week being fair to clear and pleasant'
The rainfall reached one inch and thirty-nine hundredths
Farm work has progressed well during the week, and the
promise is good for a successful crop so far as labor can make

much

—

—

Average thermometer 67, highest 86, lowest 49. It rained
on twelve days during April and the rainfall reached three
inches and sixty-two hundredths. The thermometer averaged
61, and ranged from 49 to 86.
Helena, Arkansas. It has been showering on three days
and the remainder of the week pleasant. The rainfall reached
The river is stationone inch and twenty-eight hundredths.
ary, eleven inches above highest water mark. Tha country is
all overflowed on the west side and some on the east side below Arkansas will be overflowed. The thermometer has averaged 66, the highest being 83 and the lowest 56. During
April we had rain on nine days and the rainfall reached four
inches and ten hundredths.
Memphis, Tennessee.— It has rained lightly on fire days
it.

—

of the week, the rainfall reaching seventy-four hundredths of
inch. The river is one foot and four-tenths above the dan-

an

progressing welL
fer line and falling. Planting on uplands is
'he thermometer has averaged 67, ranging from 55 to 83.
have hsid rain on three days of
Nashville, Tennessee.—
the week, the rainfall reaching forty hundredths of an inch.
The thermometer has ranged from 53 to 35. averaging 66.
Mobile, Alabama.— It has rained severely on one day of
the week, the rainfall reaching three inches and eighty-five
hundredths. We are having too much rain, but there is a
favorable change at the close. Planting late and making
slow progress. Average thermometer 69, highest 80 and lowest
59.
April rainfall five inches and eighty- six hundredths.
Montgomery, Alabama.— We have had rain on three days
of the week, the rainfall reaching four inches and eighty-one
hundredths. The thermometer has averaged 67-9.
Selma. yliaftomo.— Telegram not received.
Auburn, .4/atamo.—Telegram not received.

We

—

:

THE CHRONICLE.

554:

—

[Vol.

XUI,

lexandria, Egypt,
Madison, Florida. We have had rain on one day of the
1885-86.
1884-35.
1883-84.
April 28.
week, the rainfall reaching forty-eight hundredths of an inch.
Receipts (oantars*)—
Average thermometer 72, highest 89 and lowest 55.
This week
2.000
10,000
2 ,000
Macon, Georgia. It has rained on two days of the week.
ainee Sept. 1
2.831,000
3,578,000
2,624,000
Columbus, bleorgia. It has rained severely on one day of
This
Since
This
Since
This
Since
the week, the rainfall reaching two inches and twenty-six
week. Sept. 1. week. Sept. 1. week. Sept. 1.
hundredths. The thermometer has averaged 68, the highest
being 80 and the lowest 59. During April the rainfall reached E sports (bales)—
2,000 223,000
2,0C0 292,000 3,000 241,000
fo Liverpool....
three inches and twenty-nine hundredths.
1,000 151,000
5,000 178,000
To Continent ...
1,000 122,000
Savannah, Georgia. It has rained on one day and the
remainder of the week has been pleasant. The rainfall reached
Total Enrope.
3,000 374,000 7,000 470,000 4,000 363,000
one inch and ten hundredths. The thermometer has averaged
* A cantar Is 98 lbs.
71, ranging from 56 to 83.
Augusta, Georgia. The early part of the week was clear
This statement shows that the receipts for the week ending
and pleasant, but during the latter portion we have had rain April 28 were 3,000 cantars and the shipments to all Europe
on two days, the rainfall reaching sixty-three hundredths of 3,000 bales
an inch. The thermometer has ranged from 54 to 89, averagJute Butts, Bagging, &c. There is a moderate inquiry
ing 69.
Buyers are not
for bagging, but the market is not active.
Atlanta, Georgia. Telegram not received.
anxious to lay in any large stock, and are only taking such
Albany, Georgia. Telegram not received.
Prices are
parcels as they actually need for present wants.
Charleston, South Carolina. It has rained on one day of steady and most sellers are asking full rates, but there are
the week, the rainfall reaching sixty-nine hundredths of an some who are willing to shade a fraction on any quantity. The
inch. The thermometer has averaged 68, ranging from 57 to 81. asking figures are 6i4@6i^c. for
IJ^ lb., G^@1^4c. for 1'4 lb.,
Stateburg, South Carolina. The early pirt of the week 7)^@8c. for 2 lbs. and 83|^@8J>^c. for standard grades. Butts
was clear and pleasant, but during the latter portion we have are rather dull and the market is tending in buyers' favor.
had delightful showers on two days. The rainfall reached The orders are for small parcels, about 1,000 bales being
hundredths of an inch.
The thermometer has placed in this way, and sellers are quoting 1
fifty-eight
11-16@1J8C. for
ranged from 55 to 86, averaging 69 '4.
paper grades and 3@2>^c, for bagging qualities.
Wilson, North Carolina. It has rained on two days of the
SHIPPING News. The exports of cotton from the United
week, the rainfall reaching two inches and forty-six hundredths. Planting is about completed in this vicinity. Average States the past week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these
53,144 bales.
thermometer 73, highest 93 and lowest 53.
The following statement we have also received by telegraph, are the same exports reported by telegraph, and published in
Bhowing the height of the rivers at the points named at 3 o'clock the Chronicle last Friday. With regard to New York we

—

I)

—

—

—

—

—
—

—

—

—

AprU

29, 1886,

and April

—

nclude the manifests of
night of this week.

80, 1885.

Apr. 29,

Kew

..Above low-water mark.
Above low-water mark.
Above low-water mark.
..Above low-water-mark.
..Above ]ow-wat«r-mark.

Orleans*.

Memphis
NashvlUe
Bhreveport....

ViokBburg
*

Now

'86.

Inch.
1

Feet.

14
35

Apr. 30,
3

5

28
7
20
37

7
2

6
18
45

'8S.

Ineli.

Feet.

3

6

2
9

reported above low-water mark, instead of below high-water
1885.

mark as prior to October 30,

—

India Cotton Movement from all Ports. The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to April 29.
BOMBAY BECBIPrS AMD SHIPHENTS FOB FOUR TEARS.
Shipments

thit

Tear Great OontU
Bril'n.

1886
1885
1884
1883

10,000
13,000
25,000
35,000

week

I

nenl.

Total.

Shipment* Since Jan.
Oreat
Britain

Beeeiptt.

1.

OontU

This
Week.

Total.

nent.

21.000 31,000 147,000 364,000
20,000 33,000 111,0001254,000
70,000 95,000 303,000;421,000
48,000, 83,000|254,000;484,000

511,000
365,000
729,000
738,000

Tear.

53.000 828,000
54,000 562,000
93,000 961,000
79,000 1,057,000

According to the foregoing, Bombay appears to show an
increase compared with last year in the week's receipts of
4,00C bales, and a decrease in shipments of 3,000 bales, and
the shipments since January 1 shew an increase of 146,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of January, for two
years, has been as follows.
"Other ports" cover Ceylon,
Tuticorin. Kurrachee and Coconada.
Shipments for the week.

Shipments since January

1.

all vessels

Oreat

Continent.

Calontta—
1886
1885

Total.

Oreat
Britain.

Oojitinetit.

1,003

1.000
2,000

35,000
46,000

2,000
2,000

25,000
11,000

1886
1885
All others—
1886
1885

60,000
57,000

3,000
4,000

5,000

23,000
16,500

5,000

3.000
4,000

13,000
20,500

36,000
37.000

aU-

1886
1885

1,000
2.000

The above

2.000
7,000

1,000
5.000

61,000
66,600

38,000
31,500

99,000
08,000

week show that the movement from
Bombay is 5,000 bales less than same
For the whole of India, therefore, the total
shipments since January 1, 1886, and for the corresponding
totals for the

the ports other than

week

last year.

periods of the

two previous

years, are as follows:

EXPORTS TO KOBOPB PROM ALL INDIA.
1886.

Shipments
Europe

to all

from—

Bombay
All other ports.

Total

1885.

CoDiocli,

teeek.

This
week.

Since
Jan. 1.

31,000
2,000

511,000
99,000

33,000
7,000

365,000 05.000|
98,000 13,000

729,000
153,600

33.00(1

610.000

40,000

463.000 108,000|

882,600

This
week.

Sinu
Jan.

1.

—

Alexandria Receipts and Shipments. Through arrangements we have made with Messrs. Da vies, Benachi & Co., of

Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
•re the receipts and shipments for the past week and for the
porresponding week of tne previous two years.

Thursday

1,032

532

To Marseilles, per steamer [talia, 50
To Genoa, per steamer Italia, 576
New Orleans—To Liverpool, per steamers Alexandre
4,529. ...San Francisco, 4,136. ...per bark

E

SO
576
Bixio,

T. G., 3,455.

To Havre, per bark Principe di Napoll, 3,527
To Salerno, per bark Monte Santangelo, 1,451
Savannah-To Reval, per bark Niobe, 900 Upland
Charleston—To Reval, per bark Skandia, 2,311 Uplaod
To Croustadt, per bark Svanen, 1.540 Upland
Galveston— To Vera Cruz, per steamer Harlan, 1,186
Norfolk—To Liverpool, per steamer Emiliano, 3,512
Baltimore—To Liverpool per steamer Laplace, 1,511
To Rotterdam, per steamer Mozart, 1,000
Scythla,
Boston-To Liverpool, per steamers Palestine, 1,328

TotaL.

53,144

•..

particulars of these shipments, arranged in our
form, are as foUows:
Boiterdam,
Vera
Antwerp
Cms <t
Havre Bremen Rival <t
TarSald
HamCronLiter- <t Barburg, stadt. erno. Genoa, mouth.
vool. aeaux.
626
589 1,412 1,082
New York. 15,239
1,454
N.Orleans. 12,120 3,527

900

Savannah

3,851

Total... 37.157

1,112

6,633

1,454

6:6

Total.

18,948
17,101

900

60
1,216

53,144

1,000
4,116

usual

3,851
1,186
3,512
2,511
5,1J5

y,aa
l.lSb

Galveston
3,512
1.511
5,075

900
2,311
1,540
1,186
3,512
1,511
1,000

60

Dominion, 35

The

Norfolk....
Baltimore..

12,120
3,527
1,454

5,075

463....Virgiuian, 3,284

To Yarmouth, per steamers Alpha, 25

Below we add the clearances this week of vessels carrying
cotton from United SUtes ports, bringing our data down to
the latest dates:
NEW Orleans—For Liverpool— April

26— Steamers

For" K(fval-Aprir22—Bark Otao Niko, 3,665

Costa Rioan,

;

AprU 24— Bark

Preoiosa, 2,500.

For Malaga— April 26— Bark Maria Christina, 1,100.
For Genoa- April 27— Bark Arciduea Rodolfo, 2,118.
WILMISGTON-For Havre-April 22— Brig Orne, l.Ol.'J.
499.
Newport Nk\v8— For Liverpool— April 22— Steamer fcmuiano,
BOSTON— For Liverpool— April 21— Steamer Iowa, 2,782 ...April 22-Steamer Catalonia, 2,213. ...April 24-Steamer Bulgarian, 2,355
April 27— .Steamer Kansas, 3,189.
For Annapolis. N. 8. -April 26-Steamer New Brunswick, 40.
Baltimore— For Liverpool— April 21— Steamer Baltimore, 2,888....
Anril 27— Steamer Nessmore, 2,672.
For Bremen -April 21 -Steamer Leipzig, 639. ...April 28-Steamer

Weser

1884.

Since
Jan. 1.

This

to

Total bales.
Liverpool, per steamers Arlzsna, 1.114
Bothnia, l,265....Cltv of Berlin. 1,921. ...City of Rome.
Etruria, 57....Furne8sla, 886
2,374.... Egypt, 2,667
15,239
....Kepler, 2,919. ...Slrius, 2,038
88tt
To Glasgow, per steamer Furnesela, 886
589
To Havre, per steamer St. Germain, 589
Habsburg, 532
1,043
To Bremen, per steamers Eider, 510
370
To Hamburi;, per steamer Hammonia, 370
Pieter de
To Antwerp, per steamers Noordland, 550

Boston

HadraB—

Total

Total.

up

New York—To

Cliarleston

Britain.

cleared

1 009.

PHttADELPHIA— For Liverpool— April 21— Steamer Ohio. 655 ...April
24— Steamer Indiana, 914.....\pril 27-Steamer British Prmcess,
1,038.

Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.
re-pommenced operaSatpiiibe, steamer (Br.)-Dlvers had on April 14
re, lying in the
tions for salving the cargo of steamer Sapph
bales of cotton were
Seven
Dieppe.
Nleuwe
near
shoals,
Northern
The position
place.
latter
got out of the vessel and taken to the
of the Sapphire remained unaltered.

TrUEMOUTii, steamer (Br.)-Salvageoperation9have been re-commenoccl
near TerscheUmg
at the wreck of steamer Tyuemouth, wrecked
__ u,n
Ave bales of cotton had been recovered up to Apru lb.
Cotton freights the past week have been as follows:
;

—

..

May

THE CHROWICLE.

1886.]

1,

Do

m

Wtdnu. Tkur$.

Uon.

tatur.
Liverpool, steam

Hf

d.

»)«a"3»»i«e'>,,a '>u«'>8a

e.

sail

Do

sail

i
n

Amst'd'm, steam.e.

Do

'18

•ii'

e.

Batl...o.

32

V

V

32V

321a'

Beva), steam. ...4.

Do

38

Trieste, steam... e.
Antwerp, steam..e.

<4

Per luo

.•l8«13,3

Sea'Ssa

"4

>4

April

week

April 16. April 22 April 30.

9.

82,000
3,000
8.000
61,000
5.000
14.000
630,000
169,000
45,000
43,000
234,000
145,000

bales.

Of which exporters took ....
Qt which speculators took..
Bales Aiuenoan
Actual export

Forwarded
Total stflok— Estimated

Of which American— Estlm'd

week

Of which American
afloat

Of which American

45,000
2,0C0
2,000
St.OOC
4,004
8.00C

634,000
406,000
57,000
40,000
240,00f
151,0C0

40,000
1,000
3,000
32,000
3,000
11.000
628,000
16i,000
41,000
32,000
232,000
lOO.Oon

The tone of the Liverpool market for spots and futures each
day of the week ending April 30, and the daily closing prices
•f spot cotton, have been as follows:
Saturitay Monday.

Spot.

»2>«

02
02

94

h:»

i>i\

Ttmday. Wednet, Thurid'y.
Fair
business
doing.
5i«

Harden'g.

Mid. Upl'de
Mid. Orl'ns.
Bales

'

I^tura.

n

Market,
12:30 p.m.

f
}

5 p. M.

\

Firm.

10,000
1,000

10,000

Onlet at
2-'Vl advance.

steady at

1,000

1-H4 de-

Uye
malt

Blan.t

Steady.

Bteady.

Quiet

1)Ut

1)Ut

•toady.

steady.

'.26.

&
a

4.

s.

a.

5 01
5 04

3 05

5 04

904
Boa
808
SOS
SIO
S07
504

o

September..
Sept.-Oot....

Oct.-Nov...

SOS S04
SOS S04
soa soa
SOS 5 08
SIO 3 08
su 310
S07 3 07
S04 504

i

SOS
SOS
SOS
509
SOS
SIO
Sll
507
SOI

Wlntershiop'itextras. 3 40»
Winter XX lb XXX.. 3 859
Patents
4 759
Southern supers
3 009

3 90

ttS.

Ttanra.,

Op«n H<gk Lov>.

Clot.

d.

i.

d.

«.

d.

5 03

5 05

5 01
6 04

3 01
5 04
5 04
5 05

5 04
5 04

5 05

3 03
5 05

May-June... 3 03
5 04
Jnne-July.. soa soa 5 05
Jnly-AUK
5 07 5 07 5 07 307
Aug.-Sept
609 5 09 5 09 509
September.. 510 510 310 5 10
Bept.-Oct.. 3 07 3 07 5 07 5 07
Oct.-Nov... 3 01 3 04 3 01 5 04
.

4i%

46

46 >•

4.V,

40 >«

4«>4

403g

46^

46''i|

48%
40\

4J0I!
4.V'i

Thuri.

0p<n Hith
3 05

Apr. 39
Line. Clot

d.

a.

®
o
»
«
9
45%»
41 »
44 a
48 •
44 o

We«tem,Ao
Brandywlne, *o

504

SOS

505 5 01 5 03
5 01 503 3 01 5 03
505 soa SOS 5 08
5 07
3 09

510

3 07
3 09
3 10

5 07
6 09

5 07
5 09

510 510
5 07 SU> 5 07 507
5 04 6 01 5 03 503

d.

d.

d.

505 5 05
soe 608 500
soa 506 soa
5 07 308 507
309 3 10 5 09
Sll 513 3 U
sia 513 312
3 03 5 Ob 508
5 01 604 504
5 03

5

01)

Chicago
Milwaukee...
Toledo

Barley-

White

42

38>a»
41ia9

Mo. 2 white

Com.

Detroit
Cleveland
St. Loula.
Peoria
Duluth.

. .

...

OotJ,

63
66
42
48
40
43

By*.

Baritv.

77.913
22,042
5,000

890.899
5,780
289.539
33,995
5,500

77.441

429,6001

3,720

67,725

716,013
40.400
5,267
21,150
18,000
188,29»
296,400

142.801

5,oa«
8.810

16.375
1,443

S,«10

11.778
IfiQO
17,261

15.821

12,210

9,700

171.758

Tot.wk.'88

Same wk.
Same wk.

53,153
48,580

59,383
8,708
2,785
3,525
13,383
1,000

172,525
359,172

......

1,223,108

1,231.539

1,088,153

1,053,79,

175,812

462,812
580,978
396,201

932,518

1,313,881

8,421.245

49.333,923

73,063.986

7,748,785

89.753,281

77,092,824

7,013,903

60.920.098

89.57.3.822

'85
'84

209,098
143,847
175,417

87.807
48.627
42,303

4«,6S0.136

19,157.263

«.S75,1II9

45,131.790
48.552.4NU

15,883.984
IB.02I.2«2

4,221.831

SinctJvly9»

...

6.2.34.999

The receipts of flour and gram at the seaboard porta for the
week ended April 24, 1886, follow:
Wheal,
bush.

Com,

bbls.

89,180
58,037

133.094
24,505

50,000

."S.SSS

46.600
3,603
19,624
41,217

Flour,

At—
New York

5 08

510

Philadelphia...

5 12
5 13

Baltimore

508

47J4

37

No.2mlied

Wheat.

83,781

Boston
Portland
Montreal

508

«
a
«
»

61

State and Canada... 64

Oats— Mixed

£bu.i9aa» Biuh.eaibt BvuhMlht Au)i.32Um Bvuh.iSUu OvutiMttu

d.

5C5

Rye— Western

92
92
98
98

We

1883-84.

Clot.

2109 285
• 2 85

3 40
QBALN.

47
Ungraded Canada.. 75 9 85
48
Barley Malt48
Canada
95 3105
53
State, tworowed... 75 » 80
Tellow Bouthem.
48
State, six-rowed
80 » 90
The movement of breadstufis to market is indicated in the
statements below, prepared by us from the figures of the New
York Produce Exchange.
first give the receipts at Western
lake and river ports, arranged so as to present the comparative movement for the week ending Aprd 21, 1886, and sini e
July 26 for each of the last three years:
West. mix. So. 2.
West, white
West, yellow
White Southern..

FrI., Apr. 30.

Op9n Bigh Low.

46>«

Oorn meal—

5 00
5 50

9 98

83
91
91
82
85
42

Oorn— West. mlx«d

1885-38
1884-89

Wednea., Apr.

m.

4.'>'*

FLODH.

Taea., Apr. 37.
0p*n BiQh Low. OlM.

AprU-May

OOKII.

W*d.

43 >4
49 Ta
46>4

Vbbl. $2 309 3 20 South'n com. extra*.. $3 509 3 90
Superflne
2 65a 3 50 Southern bakers' and
Spring wheat extras. 3 25 a 3 75
family brands
4 009 5 00
Minn clear and stra't. 3 853 5 03 ByeUour, siiperUne.. 3 25* 8 00

White
10.000
1,000

Quiet,

Apr.

0314

>H

027,

Fine

BtetipU atr- ^ITour.
'ii.

02

e2iit

98 >a

The following are the closing quotations:

Bed winder. Mo. 2
Bed winter

highest, lowest and cloemg prices of futures at
laverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
%mx. Apr.

91
93

nominal. Barley is nearly done for the season. Barley
drooping and unsettled.

5>9

The opening,

April

92k

on,

is

is

Bpring,per bnsli.
Spring N0.2

cline.

Steady.

91^

9I*«
91

Tiut.

48%

48%

Firm.

12,000
2.000

Qnlet

April
April -May..
May-June...
Jane-July..
July- Aug...
Aug.-Sept..

92 >4
92 >«

OF KO, 2 MIXKO

4;o

M\

Frutait

c

1

Market,

02>ii

47»g
47 »8
471i
4701!
47«g
47«a
Oats on the spot were forced up by a "corner" on April
contracts, the advance amounting to 2(g 3c. per bush., butoCher
deliveries were not materially dearer, and the improvement
in spots has been almost wholly lost in the past day or two,
and the close is with an unsettled feeling.
DAILY CLOSINO PRIOBS OF KO. 2 OATS.
Sal.
Jfon.
Tua.
Wed. nur$.
frl
SOi*
April delivery
40^
40
38>a
"
Maydollvery
SO'i
36^8
3«l4
36's
88>«
86
36I4
June delivery
38>«
337g
35%
35%
33%

53l6

i

Wti.
01>«
9I>4

om
01>«

Jf on.

Wheat—
Market,
12:30p.m.

Bpeo.&exp.

ruaf

AUKiist dcllverv

—

Amonnt

98>ij

4614
46'4

July delivery

Ills.

Total Import of the

..

(n elevator
May d(^llve^y
Juiiii ilnllvery

Liverpool. By cable from Liverpool, we have the following
statement of the week'a sales, stocks, &c., at that port. We
add previous wnekR for comparison.

Balea of the

9314

92 >4
02

Bat.

>4

e.

*

Oaaj,

OAII.T OLOaOlO PRIOES

Baroelona,8team.e.

Genoa, steam

ai\

V

c

sail

«<m.
02 •«

03

Duoewlier delivery. ...... 97 ig

e.

Hambiir^, steam.o.

dellverr
Jiine delivery
July dollvery
AiiRiiit delivery
Ueptemlior delivery.....

or mo. > sao wiimia whkat.

R3it

91^
93 W
9U^
SUH
9«<>ii
9a4
90H
Indian corn was quite depreawd by the "porting" of luwa
"16
"16
(fuantities in store as heated or otherwiae unsound, and prioM
declined l@2o. per bushel, o.ipecidUy for mixed. The deoliua
32
32
led to much lurger takings for export, Imt these purchaaM
have not improved values, and the oloaa taday was (luite tame.
"M»'3a "siStia

11 3a

Bremen, Btoam..e.

Do

ouMwa rtioM

May

Havre, Btonm....«.
sail

OAiLT

555

In elevator

iuill...d,

Do

.

.

.

Richmond

New

5 01

Orlean s

.

. .

13,811
34,031
2,740
1 4 ,000

Total week... 222.184

Oalt,

bu»h.

288,670

btuh.

BttrUy,
bnsh.
63,125

122,U2

186,030
111,490

30.600
Ihl 838
47,211
210,000

47,000
37.201
3,028
20,000

6,600

611.791

401,769

70.223

500

buth.

26
925

8,100

4.095

week '85.. 339.740 422.208 1,231,076 393,011 39,330 21,957
The exports from the several seaboard ports for the week
ending April 21, 1886, are shown in the annexed statement:
Cor.

IBREADSTUFFS.
FbidaT, p. M., April 30, 1886.

~The

market has ruled comparatively

quiet. Yesterday
strike of the workmen in the
great flour mills at Minneapolis,
strike of railroad men at
Chicago to-day threatens to interfere with the course of supit

flour

was reported that there was a

A

plies.

from—
If

ew York

Boston. ..
Portland.
N. News.
PhUadel..

The wheat market was quite depressed early in the week,
and most of the recent advance, due to the threatened corner Baltlm're
in May contracts, was lost.
There was an eagerness to sell N. Orl'ns.
which seemed to have little regard to crop accounts or the Blchm'd
nature of foreign advices. The decline finally on Wednesday
Total w'k.
led to large purchases for export, which gave temporary B'me time
steadiness to values. But the market has since been variable.
1885.
To-day there was heavy selling for June delivery.

Wheat.

Oorn.

Flow.

Bush.
561.034
110,739
23,458

Bttth.

Bblt.

812,673
62,653

9,305
20,000

245,800
234,221
416,129
116,113

73.485

Oalt.

Buth.
63,132

St/e.

Buth.
1.917
9,349
18,915

43,,587

2,294

Ftai.

Bxuh.
16,658

liiooo

26,691
30,294
341

727,756 1,877,880

176,692

74,132

16,658

29,181

773.793 1,568,508

109,523

140,019

2,000

822

6

.

THE CHRONICLK

556
The deatination of these exports is as below.
oon-esponding period of last year for comparison.

add the

to-

Week,
Apr. 25.

Apr. 24.

Oontin'nt

1.675

B.&C.Am
W. Indies
Brit, col's

14,426
12,500
10,452

Otb.o'n'te

S'Jl

159,216
2,363
9,S42
13.195
13,058
1,219

176,692

199,523

Cn.Klng

136,748

Total.

Ai>r. 24.

Buth

Bblt.

Bbli.

1885.
Week.
Apr. 25.

1886.
Week,

1885.

1886.
Week,

for week

18f-5

1886.
Week.
Apr. 24.

[Vol. XLII.

some good-sized orders were placed for later delivery.
Plain
and colored cottons ruled steady in price, but transactions
averaged

Com.

Wheal.

Flour.

We

gxportt

Week,
Apr. 25.

Bu^h
Buth.
Buth.
493,934 1,249,108 1,316,929
279.859 594,473 230,189
5,786
23,101
6.091
2,718
8,010

448,219
269,782
250
9,505

8,459

1,480

727.7.'S6

773,793 1,877,839

1.56S..'508

By adding this week's movement to our previous totals w e
have the following statement of exports this season and last
season:

light.
Print cloths were in moderate demand on
the basis of 3 3-16c. for 64x64s and 2%c. for 56x603.
Stocks
last Saturday and for the same date the three previous years

were as follows
April 24,
Stock of Pnnl Cloths—
1886.
luaimf'rs. 87,000
Fall Kiver manufacturers...
33,000
Providence speculators
235,000
Outside speculators (eat)
15,000

Held by Providence

April 25,
1885.

April 26, April 28.
1884.
1883.

445,000
355,000
324,000
275,000

212,000
232,000
285,000
75,000

126,000
87,00O
315,000
75,000

370,000 1,399,000
804,000
603,000
prints other than novelties remained quiet in first

Total Stock (pieces)

Fancy

hands, but a fair business was done in indigo blues.

and woven wash

Printed
ginghams, lawns,

fabrics, as seersuckers,

chambrays, foulards, &c., were in steady request by
package buyers and fairly active in jobbing circles.
Domestic Woolen Goods— It was a quiet week in the^
woolen goods market, new business having been conspicuously light.
Agents continued to make fair deliveries of
cassimeres, worsteds and overcoatings in execution of former
orders, but the demand for these goods by the clothing trade was
comparatively small, buyers having determined to pursue a cau "
batistes,

Wheat.
1885-86.

ExpoTtt to-

1884-85.

1834-85

1885-88

1884-85.

1885-83.

Am. 25

AUQ. 24 U> Aug. 25 to AUQ. 24 tr. AUQ. 25 to Auo. 24 to
Apr. 24.
Apr. 21.
Apr. 25.
Apr. 25.
Apr. 21.

BbU.

Un.Klngdom

Bush.

Bus',

Bush

BusA.

2,80fl,015

4.825,393

9,4S4,096

19,752,201

28,479,!

83,091

r

Apr. US

24.816,940

16,866,017

13,168,516

9,809,109

593,250
624.705

232,408
505.314

6,211,713

iC.Am..
West Indies

3,228

48.403

596.501

5,109

1,000

936,717
287.816

Brit. Col'nies

384,23'

3S3.64'

78,109

Continent

:

.

8.

25

146

818,530
218,423
73,0-2

30,825

23,071

46,118

tious policy until the present labor troubles are settled. Price^
of the most desirable fabrics adapted to men's wear are wel*
maintained, but such goods as are not strictly in keeping with
6,115.701 15.731.991 36,690,811 42,802.067 35.993,814
4,482.707
Total..
the prevailing taste are a trifle easier in some cases. CloakThe visible supply of grain, comprising the stocks in granary ings^ jersey cloths and stockinettes were only in moderate
but quotations are unchanged. Satinets, Kentucky
at the principal points of accumulation at lake and seaboard request,
jeans and doeskins were in light demand and steady. Ladies'
ports, and in transit by rail and water, April 24, 1886
cloths, tricots and soft-wool dress fabrics continued in modBarley
Oalt,
Xye,
Com,
Wheat,
bush.
bush.
erate request for the renewal of assortments, and there was a
bush,
buth.
buth.
In ttere at—
65.712
67,553
130,084
2,113,534
4,138,095
Hew York
steady call for all-wool cashmeres, diagonals, homespuns,
6,100
49,800
138,300
Do afloat
24.000 serges, &c., by package buyers and retailers, though purchases
7,200
42,400
26,400
2,500
Albany
12,406 119,875 averaged light. Flannels and blankets ruled quiet, and steady
3,975
8,200
1,974,617
Bnffalo
505,500
in price, and carpets were in meagre demand at first hands.
Do afloat
56,105 Additional orders were placed with the commission houses for
11,700,699 3,882,621 441,715 145,480
CailcaRO
800
77,105
136,850
Do afloat
15,655
77,714 wool hosiery and heavy underwear for future delivery, and
556
3,335,030
Milwaukee
leading makes are largely sold to arrive.
Do afloat
7,269,227
Dulutli
Foreign Dry Goods. There was a light and irregular
124,521
Do afloat
demand for foreign goods at first hands, and the jobbing
5,011
478,438
1,467
1,743,604
Toledo
trade was only moderate, though a few seasonable specialties
30,680
56,223
1,597,902
Detroit
giebo
40,000
100,000
Onwego
were distributed in fair quantities. Piece silks ruled quiet,
15,563
36,091
65,649
2,055,547
997,169
8t. Louis
Dress goods
23,000
40,000 but a pretty good business was done in ribbons.
44,000
9,000
138,000
Cincinnati
610
20.922 moved slowly, aside from wasli fabrics, in which there was a
144,808 144,930
147,744
Boston
77,494 fair business. Men's-wear woolens were sluggish, and the
730
434,081
Toronto
5,40i(
544 181,480
14,854
784,207
Montreal
demand for linens, laces, embroideries, white goods, hosiery
90,307
124,314
492,635
PhiladelpUa
20',837
216,617
458 and gloves was mainly of a hand-to-mouth character and
178,082
2,479
Peoria
14,000
(29,600
moderate in the aggregate.
94,900
Indianapolis
443
161,140
32,742
61
446,135
Kansas CSty
Iinportatlona of Dry Goods.
?,8S1
499,191
459,458
Baltimore
The importations of dry goods at this port for the week
4,707,999
Minneapolis
1,008,000
Bt,Paul
ending April 29, 1888, and since Jan. 1, and the same facts for
359,000 115,900
Down Mississippi
60 the corresponding periods are as follows:
2,268,353 3,111,263 127,390
On lakes
20,538

0th. countr's

52,488

68,123

:

—

Tot Apr. 24.

'86.

44,549,960 13,588,611 1,649,866

395,893

Tot. Apr. 28, 83*20.781,911 16,894,226 4,453,197 1,627,880
•

^

Minneapolis and St Paul not included.

THE DRY GOODS TRADE.
New

P3

-

576,050
704,258
505,569
810,478
981,695

ills?!

fl&

d;

a',

"
o

purchases were chiefly of a hand-to-mouth character, but so
numerous that fair aggregate sales Of seasonable goods were
made by manufacturers' agents and importers. The jobbing
trade of this city has shown a moderate degree of animation,
but there was some irregularity in the demand by retailers,
patterned fabrics having been more freely taken than staple
goods. The main features of the market remain unchanged.
Nearly all domestic fabrics are steadily held in first hands,
because stocks are not as a rule redundant, and staple
imported goods are generally steady for the same reason.
There is unquestionably a hopeful feeling in the trade, though
no little uneasiness is expressed regarding the differences
existing between labor and capital, and the definite settlement
of these matters would doubtless lead to a more active
business than has been witnessed of late.
DoMBBTio CoTTO.v GooDS. The exports of cotton goods for
the week ending April 27 were 3,363 packages, of which 1,906
were shipped to Aden, 535 to Great Britain, 835 to Argentine
Kepublic, 228 to Venezuela, 325 to Brazil, 177 to Mexico, 101 to
Hayti, &c. The demand for staple cotton goods at first hands
continued moderate, aside from cotton flannels, for which

—

f S
i: e

:

i

S

S:

Mi

i

YORii. Friday, P. M., April 30, 1886.

Transactions with package buyers on the spot continued
moderate the past week, but there was a slightly improved
re-order demand from some of the interior markets, business
at several important distributing points in the Northwest and
Southwest having been fairly active for the time of year.
Labor troubles have naturally rendered buyers cautious, and

§:
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:

Mat

;

THE CHRONICLE.

1, 1886.J

"guvm

pttrttgafljcs.

&

Hayden

Strttat ie>ompnnieB.

.....

DRNVKK,

COLOHADO.

hand And for nale Hrslcliif»i* County
And School llondN nod other cboico HUtiurttleti. We
luivo on

enpeclHlly ruetoiiniend to iHrnsorvattvo Invedtorfl onr

HKAI.KSTATK

I.OANsoii IiuprovudCIt; and Kami
Prop«»rt Ion
'I'huHO have boon made by us after fluid
InTOHtlKalloti of title and valucM, and can be trane-

UlghMt

ferred at once. (\>rreHi>ondence loUoltad.
referenoog K jut tuid \ve«t
.

THE WESTERN

Farm Mortgage

Co.,

LAWRENCE, KANSAS,

OF \SW YORK.
No. 49 «VALIi 8TBBBT.
Capital and Snrplaa, 06,000,000
This compaoT
Into court, and
trualee.

a lonl dapwllorr for mooaTi paid

No

experience.

losses. Sena for circular, referencec
F. M. PKllKINS, Prosldont; J. T.

sample forms.

WARNK,

Vloe-Prest.; I.. 11. I'KKKINS, Secretary
(}1I,I,ETT. Treas.; N. F. HAKT. Auditor

CBAS. W.

Farm Mortgages

JAUBil

diana and Ohio Lands.
NOTHINO BAFKH. ALWAV? PROMPTLY PAID
8KN1) FOR PAMP111,KT.
JOS. A. inooRE,
8

I

Kaat ITIarhet

St..

NORTH-

BankinK House of

Indlanapolla,

&
CAKI'ENTER, Troy, N. Y.
Estabii.^hed 1824.
HoorKaniied

Clinton Gilbert.
Daniel 1>. Lord.

II.

Samuel Sloao,
James Low.

ErantUH (horning, Kdward (.'ooper,
S. R. Chittenden, W.Bay 'rdCuttlUK
ChaH. S. Smith.

8.

M. Uuck'Kham Geo. lill..»,
K. Ijiwrcnce, William Mbbey,
N Pho!p.H, John (\ Brown,

Ihjuic

HUNRT

THORN KLL,
LOUIS Q. HAMFTON,
L.

lied capital, »2,000.000.
capital. $200.IKXI.
Real

Estate
to

four times the amount of morttiaae, nettiuK investors fi to 8 per

rOMPANY.

Guaranteed by Co. Interest
payable at onr Ranklns ITonse.

ct.

6%AmpHcnD

8%

Thr
InTeslitient Company, of KmmeisburK, Iowa, lncorp<(rateo with a paid-up capital
of 9.^00, Oi>0. with bmncheHUt Huron nnd Mftchell,
Dakota, offer flrwt Mort*ra(ie Fnrni Loans in Iowa.
Minn.. DukoU. and Neb., both I'rincipnl and Inier*
ei*i (-un rant red. Also 6 per cent Debenture Itondc
(obllKHiioiis of the Company), running lu years, secured by Mori^aK** loans deposited with theiVlercnniilc TruNi Co., N. V, Italso issues Demand
Certiflciitef of Deposit at S per cent interest. Write
for paulp^.k't and references
lloitip OQlce, EiitmetMburfft loiva,
E. H. OrniNby, ProH., 130 \nMHau St.. N.

Y.

Bonds of SixretysJiip.
yO OTHER BUSINESS.

The Oiiarantee

OAPIT.\I,,

......

-

Wm. WhltBwrlght,

Assets and Uesources
Deposit with Insurance Department
President
Vice-President
BlK ALEX. T. GALT.
HON. JA8. FBRRIKB,
ManafiinK Director: Kdward Rawlings.

NKW YORK
NO. Ill

OFFICE:

BKOADWAir.

D.J. TOMPKINS. Secretary.
York Dirkctors— Joseph W. Drexel,

A. L.

II. Victor Newcomo, John Paton. Dante)
Torr«nce. Kdw. v, w^tnslow. Uraatns Wlman, F. P.

Hopkins,

I.

W. Pulafnrd.

A

Fl01::L.irV
Nos.

2U A

CAI!$CJAKTV CO.

BROADWAY, NBW YORK

216

Cash Capital. $250,000. invested

in U. S, Gov't Bonds.
N. Y. Ins. Dep't, for

$200,000 deposited with the
the protection of Policy-holders.
Assets. January 1st, lo«6, $&00,5<>0 42.
Officials of BanKs, itailruads and express Compfoies. ManaKers.!^ecretarles,and Clerks of Public Con*
panles, Institutlonsand Commercial Hrms, can obtain

BONDS OP SURETYSHIP

from this Company at moderate charges.
The bonds uf this Company are accepted by the
courts of the various States

CASUALTY DEPARTinENT.
Policies Issued Hxalnst accidents cauaiuK death or
totally dlsabllnK injuries.
Full information as to details, rates, &c., can be
obtained at head office, or of Company's Agents.
Wm. M. RiruAKi'H, Prest. John M. Crane, Sec'y

UOB'T

J.

HiLLAS, Ass't Secretary.

DIKKCTORS:

O. G. Winiama, David Dowa.
J.8.T. Stranahan. A. 8. Barnes.
K. B. Hull,
H. A. Uurlbut,
J. L. Rlker,
J. D. Verml?ve,
tieo. S.

Cop

W. O. I^w.

Charles Dennis,
Alex. Mitchel),
8. B. Chittenden.
Wn- M. Richards.

BSTABLiailED

1»55.

Eugrene H. Cole^
STATIONER AND PRINTER.
Supplies Banks. Rankers, Stock Brokers and Corporations with complete outflts of Account Books ao4l
Stationery.
tW~ New concerns organiilnff will have their orders

promptly executed.

No. 1

WILLIAIH STKEET,
(UANOVaB

:SQ17ABB!.)

In

n"

....

'lA-

i

\

'M-

^nnlllperfnrmano* of which Its cuplui ami surulas
fund furnish ample seoohty.
All trust fnnds and Investment, are keptseDarate
and apart from the asseU of the oompanyT
The Income of parties reeldlna abroad
»~.iuiiy
"~ oarefallr
oollocted and duly remitted.
ful

BAM-L

ASA

SHI PLKT. President.
WINO. Vlee.l'rasldent and Actnarr.

R.

fl.

Metropolitan Trust Co.,
MIUo Building,

Wall

3.^

St.,

PAID UP CAPITAL,
Designated

New York

$1,000,000.

as a legal l>ep«)nltory by order of Se*
premeC<mrt. Receive deposits >f money un Intereet,
act as fiscal or transfer agent, or trustee for OOrpu r atlons, and accept and execute any leeal u
persons or corporations on as favorable
other similar companies.
THO.MAS H I M.HonsB, President.
FRKDKItIC I). TAPPEN, Vice-Prealdeat.
J. BRlTTI,\,!llecretary.

$1,000,000
«2,O0U,000

|itt0ntjegs.

Administrator,
Is

y. Russell,

S. T. Falrchlld.

C. D. Wood,
James N. Piatt,

H. Krothingham,
George A. J arris,

Corporation and Oommareial Imub a BpatinUy
Refers to Judges Stephen J Field and Wm. B

J. B. Johnston,
Kdward Scholl,

Woods

Ainasa J. Parker,
Samuel K. Barger,
,_.
Robert Lenox Kennedy, Geo. ('. Magoun.

n. S.

EXECUTIVE COMMITTEE:
C. D.

A. C. Kingsland.

KING,

O RON

The Union
oil

AND

BIS

Trust Co.,

CHESTNUT STREET,

PHILADELPHIA.

$1,000,000
Authorlied Capital
800.000
Paid-up Capital
Acts as Bxecutor, Administrator, Assignee, etc.,
and executes trusts of every description known to
the law
All trust asseu kept separate from those of the

Company.

Burglar-Proof Safes t.o rent at $5 to $00 per annum.
Wills kept In Vaults without charge.
Bonds, Stocks and other valuables taken uader
guarantee.
„„
Paintings, Statuary, Bronxes, etc., kept In Flre>

Proof Vaults.

Money received on deposit at Interest.
JAS, LONG. Prest. JOHN O. READING,V..Pre8t.

M AHLON

T>

r*.

THE MEW^lrORK

Wood,

President,
JAMBS M. McLEAN. First VIce-Pres't,
JAMBS H.OQILVIB, Second Vlce-Pres't.
Al.DS ON, Secr etary.

.

Sunreme Cnnrt, lV«.h!npton.

PEltscetlatieatis.

O. G. Williams,
B. B. Wesley,

Johnston,
D. C. Hays,

Law

PBACTICB8 IN ALL THB C0DRT8.

Q.G. Williams,
B. G. Remsen,

Whltewrlght,

A. Angier,

E.

ATLANTA, OBOROIA.

Georire B. Carhart,
Henry Stokes,

A.

Philadelphia, Pa.

C. Vanderbllt,
A. A. Ik)W.

Wesley,
n. II. MoAlptn,

EDWARD

Porter,

Attorney and Couniielor at

I.

D. C. Hays,

James .Forsyth,
George Cabot ward,
Edward King,

Wm.

W.

Corporation, Transportation and Commercial Law.
RBPERENCE8:-Tho Trust Companies, TheVatlona
Banks and Railroad Companies In PhlladelphU, and
the Judges of any of the Courts.

James M. McTjean,
Ambrose C. Kingsland,
James U. Ogilrle,

R.T. Wilson,

Wm.

William

Attorney and Couniicllor at Law
No. 623 WALNUT STREET,

TRUSTEES:

Henry A. Kent,

J. B.

$300.00C
830,0(V
240,000

Interest

KXK<
TOR, TRUSTER, (iUAKDI
MITTBIC, RKCHdvBIl, AOKN

A LKGAr, DBPOSITORV FOR MONBT

OF NORTH AMERICA.
CtkBh Capita)

mand.oron which

•red by law to act as

WALTER

Accepts the transfer agency and reKlstry of stocks,
and acts as Tru.stee of mortff i«es of corporations.
Allows Interest on deposits, which may be made at
anytime, and withdrawn on five days' notice, with
Interest for the whole time they remain with the
company.
For the oouTenience of depositors this company
also opens current accounts subject. In accordance
with Its rules, to check at sight, and allows Interest
upon the resulting daily balances. Such checks pass
through the Clearing House.

James M. McLean,

Co,

fiooretary.

OF NKW YORK,

B. B.

financial C^omyanies.

> 1,000,000
tlS,6tll,ArtO 6n.
INSURES LIVKH, UllANTH A.NM ITIKH
CHIVES MONKY CN I.KPDHIT r,.t„ri' ,Mn "inRB.
dt

ASSETS

73 Itroadfray, cor. Rector St., N. Y.

AuthorPaid up

MortKaKes worth from two

LOAN

Inoorponited Third Mo.. Wd. lum.

CAPITAL

aufnm

the

Minn.

ttCARANTY

Qlpottand

Secretary.

Union Trust Company

EaHtern Representatives

1S«H.

of

VIoe-Pres't

THB
ProvidentLife&TrustCo
OF PlIII.ADKI.flllA.

W. W.

NOKTHWESTEKN SCIKPLUS,
Authorised to act as Bxeoutor,
GUARANTY
l-OAN (:«l
Guardian, Receiver, or Trustee, and
of Minneapolis.

WESTERN

N«TT

CLAHK.HeooDd

Phelps,
[John H.Rhoades,
U. Willis James,! Anson P. KTokos,
.lohn .1. Astor,
Robt.B. Mlnturn,
John A. Stewart,!'Geo. 11. Warren,

Int*

NEiiKH

H.

TRUSTEES:

Dan. H. Arnold,
Thomas Slooomb,
Charloa IS. Bill,
Wilson G. Hunt,
Wm. ll.Macy,

Sams of $100 and Upwards on In

In

aacuaralao or

which may bo made at any tlma.and withdrawn after
llTedayii'notlco, and will be entitled to Interest for
the whole iliue they may remain with theoompany.
Kxecutom. admlnlstratora, or tnuteeeot ealatea,
and fcnialoH unaocuHt4>nied tothetrannaetlon of bnalness, aa well aa retlKloua and benevolent Institutions,
win flud this company a wnvonlent depository for
money.
JolIN A. STKW A KT, President.
WIl.l.IAM 11. MACY. Vice-President.

KIK.ST

luid

Mt

autborlted to

INTKRR8T ALI.OWBl) ON DUPOSITS.

Offers to Investors the best securities In the market.

MOKTDAIJE LOANS lirON IMl'KOVKl)
FARMS. Interest and principal paid on day of maturity In New York. Funds urt>mptly nlacod. Larti?

is
li

tfomtmutes.

Svtttft

Dickinson, United States Trust Co.

INVK8TMKNT BANKKHS,

We

vtt

Moist Letter Copying Book.
(Patented November 28th,

1H78.)

VNIFORin COPIES. SAVES TIMB.
no^"watkr. no rrcsh.
ai.w^ays:rbadt.
E. L. FARGO, Sole Mannfactnrer,
59 BEE K MAN ST., NEW YORK.
In the use of " This Book,'* the great annoyance of
water, brushes, cloths, Ac. Is done away with—the
book Is ready at all times to copy any numhfr of letters at once. Parties using same pron<^nnRo It the
very thing they want the copies are clear, distinct
and uniform.
;

Prices Rednced.

Send for

Prl«i« Llat

SECURE BANK VAULTS.

STOK ES, Treasurer A Secretary.
PATTERSON, Trust Officer.

S.

D. R.

DiRKCToiia.— James l^ong, Alfred S. Gillett,Joseph
Wright, Dr. Charles P. Turner, William S. Price,
J. Nead, Thomas U. Patton.John
G. Reading. Wm. H. l.ucaa. U. Hayes Agnew, M. D.,
Jos. 1. Keefe, Robert Patterson, Theodor C. Kngel,
Jacob Nayktr, Thos. G. Hood, Edward L. Perkins,

John T. Monroe, W.

Philadelphia; Samuel Riddle, Glkn Ridiii.e. Pa.;
W. Relly, HARKlBuaHG, Pa.; J. Simpson
HUNTINOUON; Henry 8. Eckert, RkadinO;
Edmunds. Doty, Mifflintown; W. W. H. Davis.
Doyi.kstown: R. B. Monaghan. W«8T CBXSTIB!
Chas. W. Cooper, Ai,lintow».
Dr. George
Africa.

The Brooklyn Trust Co.
Montague A Clinton

sts., BrooklTD, N. T.
authorized by speolal charter to
act vi receiver, trustee, gnardi&Q, executor or ad-

Cor. of

This Company

Is

ministrator.
It can act as agent in the sale or kXianB^ment of
real estate, collect Interest or dividends, receive
registry and tranttfer boolts, or make purchase and
Bale of Government and other securities.
Religious and charitable Institutions, and per»oiu
unaccustomed to the transaction of business, will
find this Company HHafe and convenient depository
RIPLKV ROI*KS. President.
for money.

KDMUNl) W.

CORL.lKt(. Vloe-Preat.

TRIjSTKKS.

Joslah O. Low.
Alex. M. White,
A. A. Low,
Alex. McCue,

E. K. Knowltun.
John T. Martin.

Henry K HhetdOQ

C.D.Wood.

Wm H

Fred. Cromwell.
Mai*.
John P. Rolfe.
Ripi«y R(ip««

,

Mlch.CbauDcey, K. W. <:orlio8,
Abram B "ayiia,
BKTlla.
Wro. B. KendaU.U. K.Pierrepont.
Jas. uutia Cuvi&AUt 6eor«t&rT

WELDED CHROME STEEL AND IRON
In

Round and

Flat

FOB

Bam. and S

ply Plates and Angles

SAFES, VAULrS. Ac

Cannot be Sawed. Cut or

Drilled,

and

practically

Burglar Pntof.

CHROME STEEL WORKS,
ClroDlare Free.

FOR

BROOKLYN,
SALE.

N. V.

Chronicle Volumes
SINOB 1870.
olBce possessing these volumes since 1«70 has
at hand for convenient reference a complete and reliable flnanolal history of the period. Parties having
the more recent volume, can obt:^'.n from the pnb
Ushers most of the earlier volumes, or oomplece set
can be furnished.

Any

WIIililAIIITB.
79

^k

81

DANA*** rO.."~

WILLIAM .SrKEKT, NEW YOBKJ

;

m

%ts^X

l^otijcje.
Foreclosure

Special Master's

Sale

Georgia Railroad.

By Tirtae of a decree made on the 17th day of
1886, by the Circiiit Court of the United
States of the Eastern District of Tennessee, in the
caase of the Central Trust Company of New York
against the Bast Tennessee Virginia & Georgia RailMarch.

Alabama and

Mississippi,

Autaoga County, Alabama,
Book, vol

wilt

I

of May, 1886,
KnoxTille, Tennessee,

•

ALSO.

•

'

PLACE.

A YEAR

8.

pages 739

In

Book

11,

pages 243

Deed Book

FINANCIAL INFORMATION
FOB

Bankers,

et

I

Stock Brokers,

2.

AT THE SAME TIME AND

will sell all

tbe right,

title

and interest of

A Georgia

JUerchaiits,

Railroad

Company, the Tennessee State Line Railroad Company. Samuel Thomas, and the other parties to said
suit, in and to all the property described In said decree of March 17th. 1886, to which reference is here
made being all the property described and set forth
In three certain deeds of indenture of mortgage or
trust, executed respectively on the Istday of March,
1883. the Ist day of April, 1883, and the 14th day of
October, 1884, and recorded in the public registries
of deeds and mortgages In Tennessee and Georgia,

Retrospect or 1885.
nercantlle Fatlnres.

as follows:

Banking and Financial-

Investors.

:

pages 1 et »eq.;
County. Tennessee, in Trust Deed Book
1. pages ISSet seq.:
Cocke County, Tennessee, in Trust Deed Book 1,
pages 17:^ et geq.;
Hamblen County, Tennessee, in Trust Deed Book
No.
pages 58 et aeq.;
Jefferson County. Tennessee, In Trust Deed Book
No. 2, pages 162 et seq. ;
Knox County, Tennessee, in Trust Deed Book F,
vol. 1, pages 216 et seq.:
Loudon County, Tennessee, la Deed Book No. 4.
pages 260 et seq.;
Monroe County, Tennessee, in Deed Book U, pages

et seq

Mom inn County. Tennessee, in Deed Book U,
pages 252 et seq.;
Bradley County, Tennessee, in Deed Book G, pages
et seq.:
3,

«t seq.;

vol.

pages 71 et seq.;
Whltfleld County, Georgia, in Book of Mortgages
A, pages 266 et seq.;
Gordon County, Georgia, in Book
of Deeds,
pages 53 e t aeq. ;
Floyd County, Georgia, in Book C of Mortgages,
pages 56 et seq.;
Polk County, Georgia, in Book of Mortgages, pages
2,

New York Citv—Bank

CommercialUnited States— Foreltfu Commerce, Trade
Balance, U. 8. Exports and Imports of
Leading Articles. London—Review ol
year.

seq.;

BartowCounty. Georgia,
pages 262

in

of Mortgages,

H

of Mortgages,

Book

et seq.;

De Kulb County, Georgia,
pages

Book A

ft seq.;

FultonCounty.Georgia,
pages 247

in

In

Book of Mortgages,

3:i5 et seq.;

Coffee County. Georgia, in Book A of Mortgages,
pages 189 eC seq.;
Clayton County. Georgia, In Book A of Mortgages,
pages 127 et seq.;
Henry County. Georgia, in Book U of Deeds, pages
aOl et seq.;

Butts County, Georgia, In Book
21

h

of Deeds, pages

and Prices of Call Ix>ana and
Commercial Paper since 1878.

Influences,

Gold and SilverProduction, Consumption, Exports and Imports of Gold and Silver in tbe Unlt«d
States and abroad.

Foreign Ezcbanee—

Jasper County, Georgia, In Book I of Mortgages,
pages 516 et seq.;
Monroe County. Georgia. In Book O of Mortgages,
pages 147 et seq.;
Jones County, Georgia, In Book U of Deeds, pages
379 et seq.;
Bibb County, Georgia. In Book KK, pages 163 et
c

said Klnlt's receivership.
v
For a fuller and more exact and detailed statement of the terms of Sale, reference Is made to said
Decree of March Kth. 1886, entered of record In
said cause, anl under which said sale will be made.

«>

Twiggs County, Georgia,
pages 562

;

in

Book 2 of Mortgages

el seq,:

Pulaski County. Georgia, In
9»gm S27 et »eq.;

Book B of Mortgages,
^

New York,

in

1870-1885.

Investmenta and Specniatlon—
Compound

Interest Table,

Showing Acon-

mulatlons of Money in a Series of Years.
Table Showing the Rate Per Cent Realized

on Securities Purchased at different prices
(without regard to date of maturity.)
Stock Speculation in New York.

United States Debt and Secaritles—
Debt of the United States, 1791-1885.
Prices of U. S. Bonds. 1860-1885.
State Debts and Securities—
State Debts and Immunity from ProseontlOD.
Prices of State Securities, 1860-1885.

Railroads and

ttaelr

Securities-

Railroad Statistics of the United States
Railroad Earnings.
Prices of Railroad Bonds, 1881-1885.
The New York Stock Market. 1881-1885.
Prices of Railroad Stocks, 1881-1885.

j

et seq.;

Mq-:

Bank Returns, Ac,

The money market-

Market and Prices

Paulding County. Georgia, in Book Q of Mortgages,
pages 567 et seq.;
Cobb County. Georgia, in Book F of Mortgages,
pages 181 et seq.,
'T

Returns, Ac.

London— Money Market and Bank Returns

H

The sale of said property will be madeupontha
following terms, to-wit
First. The purchaser or purchasers will take the
property suoject to all existing prior valid liens
thereon
Secoitd, No bid for less than ten million dollars will
be received
Thiid, One hundred thousand dollars, cash in hand,
will be required to be paid at the time and place of
sale, and the balance of the purchase price may be
paid either in cas'i or. at the option of the purchaser,
the remainder of his bid may be saiistied or discharged in whole or in part bv paying over and surrendering any of the consolidated First M- rtgage
bonds, issued under said Moitgage of June 15th,
1881. and any overdue and unpaid coupons belonging
thereto, and also any Cincinnati & Georgia Division
bonds of suid East Tennessee Virginia & Georgia
Railroad Company, of its two milU 'n issue ot March
1st. 1883, mil any overdue and unpaid coupons belonging thereto, ai such price and value as will be
equivalent to the'il^tribulive amount that the holdera ot said bonds would be entitled to receive thereon, incase the entire amount of the bid was paid in
cash. But nonp of said bonds or coupons will be received in pityment of any portion or the purchase
firice, until ail the costs and t-xpenses provided for
n said decree of March 17. 1886. and the expenses of
sale, shall have been fultT paid
Fimrth, In adaition to the sum bid for the property,
the purchaser or purchasers will take the property
subject to, and will be required to assume and pay
off and diacharKo, any and all claims now pending
and undetermined in eithe'- of the courts in which
theoriginal and anollliMry bills are pending, which
may be allowed and adjudged by the Court as prir)r
to any right secured under the mortgages herein
mentioned and Hubject likewise to all debts, claims
and demands, of wnatsoever nature, incurred or
which may bo incurred, by Henry Fink, as Receiver,
and which may remain unpaid at the termination of

«;

United States— National Bank FiKores and
Currency Movements.

;

Fulton County. Georgia, in Mortgage Book K,
pages 754 et seq.;
Bibb County, Georgia, in Book 11, folios 75 et seq ;
Fulton Cuunty, (ieornia, in Book L. pages 795 efcs^Q.
Said property may be generally described as a line
of railroad extending from Bristol. Tenne8>ee,
thruuKh Knoxville to ^ hattanooga. Tennessee, from
Morrlstowu, Tennessee, to U^aka, Tennessee, from
Ooltewah Junction, Tennessee, to Cohutta, Georgia,
from Cleveland, Tennej-see, through Dtilton and
Rome, Georgia, to Atlanta. Macon, and Brunsnick,
Getirgia (with a -'ranch Line extending from Cochran. Ga.. to Hawkinsville. Ga.), and the line from
Rome through Talladega. Anniston and Selraa. to
Meridian. Miasii'stppi; together with all the rightsof
way, franchises, rolling stock, and equipment of sa:d
Railroad Company, ana ail the other property of said
defendants real, pergonal and mixed, mentioned and
described in said decree of March 17th. 18S6. and in
said Mortgages or Deeds of Trust; including the
capital Slock in the Memphis A Charleston and
Knoxville & Ohio railroad companies, owned by said
East Tennessee Virginia &L>eorgia Railroad Company.

et »tq.;

Deed Book No.

CONTBNTSs

James County, Tennessee, In Deed Book No. S,
pages 78 et seq.;
Whitaeld County, Georgia, in Book of Mortgages
A, pages 431 et seq.;
Catoosa County, Georgia, ia Deed Book F. pages 1

'<it

75 et

BOOi:

OF

Book X, pages 458

Book No.

said East Tennessee Virginia

Deed Book.

Deed Book K,

in

Lauderdale County, Mississippi, in Book No.
pages SQlet seq.

2.

In

In

Sumter County. Alabama,

Uawkns

Hamilton County. Tennessee,

pages 390

et seq.;

Washington County. Tennessee, In Trust Deed
Book No. 2. pages 2^3 et seq.;
Greene County, Tennessee, in Trust Deed Book

in

4,

seq.;

Tot. 29.

James County. Tennessee,

;

isse.

1 et seq.:

Hale County, Alabama.

slppi, as follows:

pages 320

(ANNUAL.)

et aeq.;

son and Campbell Counties, Tennessee, to the Kentucky State line, known as the Knoxville & Ohio
Railroad) set forth and described in a certain mortgage or deed in trust, executed on the 15th day of
June. 1881, and known as the "Consolidated First
Mortgage" of said Railroad Company, which Is duly
recorded in the public reglst ries for deeds and mortgages in Tennessee, Georgia, Alabama and Missis-

205

pages

Marengo County, Alabama,

same property (excepting the line of railroad extending from KnoxTllle, Tennessee, through Ander-

Sullivan County. Tennessee. In Trust
pages 200 et seq.;
Carter County. Tennossee. in Trust
No. 1, pages 103 et seq.;

Financial Review.

Record or Mortgage

et seq.;

made; being the

is

29,

In

Shelbr County, Alabama, in No. Record of Mortgagee, pages 157 et seq.;
Calhoun County. Alabama, in Book M Register of
Deeds, pages 586 et seq.;
Cherokee County, Alabama. In Book 6 Register of
Deeds, pages 7Qet seq.;
Talladega County. Alabama, in Book BB, pages 481

States Custom House,
expose to public sale to the highest bidder all the
right, title and interest of said East Tennessee Vir.
ginia & Georgia Kailroad Company and the other
parties to said suit, in ^nd to all the real and personal property described in said decree of March

which reference

TBE

etteq.;

at

At the door of the United

17th, 1686, to

Mvihlic^tians.

of Mortgages,

Chilton County, Alabama, In Book No.

On the 25th day

XLn.

seq.;

road Company et a!, and confirmed by the Circuit
Courts of the United States for the Districts of
C^eorgia,

Book E

In

pages 133 et seq.;
Telfair County, Georgia. In Book U of Mortgages,
pages 196 et $eq.;
Appling County, Georgia. In Book K of Mortgages.
pages 3 et seq.;
Wayn3 County, Georgia, in Book P of Mortgages,
pages 173 et sen.;
Glynn County, G^eorgia, in Book T of Mortgages,
pages 290 etseq.;
Dallas ('ounty. Alabama, in Deed or Mortgage Record 74, pages 694 et seq.;
Perry County. Alabama. In Deed Record WW,
pages 25 et seq.;
Bibb County, Alabama. In R Record, pages 143 et

East Tennessee Virginia

&

[Vol.

g:0tijce.

Dodge County, Georgia,

OF THB

472

;

THE CHKONICLE
Scsal

Ko.

;

Price of the Revievr, bound In cloth, - S'i 00
To Chronicle Subscribers (one copjr only)l 00
10
Postage (when sent by IVIall) ....

WILUAJn

Win. KIJIjB, special Master*
',if

\

'1

B.

nA^A

&.

CO.,

PU BLT8 HE R8,
William Mreeu New Vork

May

1,

THE CHRONICLE

188C.J

^nsvLvnnct,

%u&nvmice.

^ottoxu

EQUITABLE

ASSURANCE SOCIETY, Robert Tannahill& Co.,

UFE

OFFIOa OF THE

120

ATLANTIC

Aasets,

Mutual Insurance Co.,
NEW YORK,

January 23, 1886.

TheTrnstflei), In conformity to the Charter of

the following Statement
December, 1885:
Fremliimaon Marine Risks from
1st January, 1883, to 31st
December, 1885
$3,856,618 66
Premiums on Policies not marked
1,339,525 10
oil l8t January, 1885
the

Company,

Total Marine

Preminms

Premlnms marked

off

95,196,143 76

from let

January, 1885, to Slst Decem1885
$3,770,094 30

ber,

Losses paid during
period

Cotton CommlMloii

1886
168,161,026
Surplus at 4 per cent
10,48;i,617
Income in 1884
16,008,480
Paid to PolicyholderB during
last 26 years
81,072,486

THE SOCtETY

ISSUES

INDISPUTABLE ASSURANCES
AND MAKES
PROMPT PAYMENT OF CLAIMS.

The United
IN

$1,915,020 67

$776,712 42

Cotton BxebaBce BnlldlBs,

The Company has the following Assets,
United States and State of New
Stock, City,

viz.:

Bank and

other Stocks
$9,034,685 00
liOans secured by Stocks and
otherwise
1,433,600 00
Seal Estate and Claims due the
Company, estimated at
530,000 00
Premium Notes and Bills Receivable
1,508,143 53

OashlnBank

228,897 88

Amount

Insurance Co.
THB CITTT OF NBTT YORK.

SpMlal attmtlon itTM to tb* pnnhaM ana saMef
ratal* CoDtna»«
In Haw Tork lod Urvpool.

Alexander

Oio. H. BUBFOHD. Aotoary.

ing certillcates of profits will be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 2d of February next.

THE OUTSTANDING CERTIFICATES

of

the issue of 1881 wlU be redeemed and paid to
the holders thereof, or their legal representatlTes, on and after Tuesday, the 2d of February
next, from which date all interest thereon will
eease. The certificates to be produced at the
time of payment and canceled.

A DIVIDEND OF FORTY PER CENT

J. D. Jones,
Charles Dennis,

Adolph Lemoyxe,
Robert B. MIntum,
Charles H. Marshall,
Frederick H. Cossltt,

W

H. H. Moore,
James Low,
A. A. Raven,

Wm.

WUllam Bryoe,

Sturgis,

Benjamin H. Field,
Josiah O. Low,

John Elliott,
James G. De Forest,
Charles

D

Leverlch,
Thomas B Coddlngton John L. Riker,
William Degroot,
N. Denton Smith,

Horace Oray,
William E. Dodge,
WUllam H. Macy,

George

Henry E. Hawley,
William O. Morgan,
Isaac BeH,
Edward Floyd^Jonea,

Hand,
John D. Hewlett,
WUllam H. Webb,

0. A.

Anson W. Hard,

harles P. Burdett,

dmund W.

Bliss,

COTTOB

to parctaaM of

HP1nNKK8 ud BXPORTIUS.

for

COHHIHPUNIkSNCI HOl.ICITIl).
RxnaiNciB.— Mktlonal Bank of Aatrants, Oa
Henrj Henti A Co., CommlMton MerchAnU. N««
York William B. Uana & Co.. Proprlelon CouumuciAVIi rutAMOiAL CHBonou, and otHar Haw To«k
i

Uoaoaa.

Gwathmey

&

Bless,

COMMISSION MERCHANTS,
FEABL

ST.,

NEW TUKK.

Orderg for fntnre delivery of Cotton ezeonted ta

Nev York and

Liverpool ; also for

New

QralnandPro

Tlilons In

tine.

James F. Wenman & Co.,

Issues all

One month's grace allowed In the payment of
Premiums on Tontine Policies, and ten days' grace
on all others, the Insurance remaining In full force
during the grace.
Absolute security, combined with the largest liberality, assures the popularity and success of this company.

OOOD AQBNTS, desiring

JOHN

pany, are Invited to address J. 8. QAFFNKY, Superintendent of Aiiencies. at Home Office.

MANHATTAN
From PhUadtlphia Inquirer^ Jan, 30, 1884.
The new plan of the Manhattan Life Incurance
Company continues to meet the popular Javor. It
combines the prutectire feature of life insurance
with the Invesimeat feature of the endnwmeat
fjolioy, while It avoids the expense attendinfr the
alter by the ordinary method. An improvement has
also been added to this new form ot p licy within
the year, which nives the assured the option at tne
end of iliG yerlod of taking the endowment in cash
or uf Continuing the insurance for a much larger
amount without any further payment of premium,
independent of the condition ot health at the time.

KISTABLISIIEO IN

j^teamsliips.

ONIaY

H. CLISBT
COnON BUTEBS,

&

¥.

CO.,

nONTOOnERT, ALA.

&0mmtvcivd

(KDavds.

BrinckerhofF, Turner

&

Co.,

Manafaotnren and Dealan

to

COTTON SAILDUCK
And aU Had*

of

Alio, Acenta

UNITED STATES BUNTING

France,

From Pier <newj 42, North

Uiver. foot of Morton St
Travelers by this tine avoid both transit by Engltsb
railway and the discomforts of crosslnK the Channel
In a small boat.
ST. LA U KENT. Dardignac
Wed., May ft, 8 A. M.
LA ^OK.\:ANlJlr, KersabiecWed., May la. 1 P.M.
A.wKltlOUP:, Baquesne
Wed.. May Iti, 6 A.M.
l^ABltADOK. P. dUauterlve Wed.. May iJB.
A.M.
Canada, l*udcl
Wed., June2. B;30 A. M.
t7~ La Champatcne (new), will sail on Saturday,
June S> La Nurmandle. Saturday, June 12 La. Bourgogne (new), Saturday, July 3.
1

:

1

;

PKiCK ov pAHHAtiK (including wlne):~To HavreFirst cabin. |1U0 and ^^; second cabin, $00: steer*
age. |:^'.^lncluding wine, bedding and utensils. Uetum tickets at very reduced rates. Checks on Banque
Tr&nsatlantlque, Havre and Paria.in amoants to anlU

Special Train from

If.

Tontine Bolldlns) 1840.

OOTTON CANVAS, FHLTINO DUCK, CAB
OOVKRmO, BAQOINO, RAVENS DUCK.BAII.
TWINB8, *C., "ONTARIO" 8BAMLB88
BAGS, "AWNINO BTBIPB&

1850.

Direct Line to

(In

PosoHAsa eiTLT ok ordirs roB a Comnaaioa

L.IFE IIVSURA^CE COlflPAlltfY,
156 & 158 BROADWAY. NEW YORK.
HENKY STOKES, President.

is

PEAPI. STHEET,

EatabUabed

Com-

to represent the

Tork.

COTTON BROKERS,
No. 113

k. full

aapplT,

Havre

to Paris,
The Compagnle Generate Transattantlqae delivers

at its office in New York special train tickets from
Havre to Paris. Baggage checked through to Paris
without examination at Havre, provided passengers
have the same delivered at the Company's duok in
New York, Pier 42 North River, foot of Morton St.,
at least two hours before the departore of a steamer.

all

No.

GENERAL TRANSATLANTIC CO.
Between NEW^ YORK and HAVRB. Bliss,

TKUSTEESi

CargiU,

forms of Insurance, InclttdlnK Tontine and Limited (Non-Forfeiting) Ton-

declared on the net earned premiums of the
Company, for the year ending 31st December,
1885, for which certifloates will be Issued on
and after Tuesday, the 4th of May next.
By order of the Board,

H. CBAPMAIV, Secretary.

ntlra attention Klren

TO OKDBH

No. 123

All Policies Issued by this Company are 1XD18PUTABLE after three years.
All Death Clalma paid wrrHOtrr discoitnt as soon
as satisfactory proofs have been received.

$12,740,326 46

SIX PER CENT INTEREST on the outstand-

&

COTTON BROKEBS,

All the proflts belong to the Policj-boldera excln-

Company

Now Vorll

AUGUST A, GEORGIA.
States Life

(OROANIZKD IN 1860.)
261, 862 & 268 Broadway, New York.
T. H. BR03NAN, President.
0. P. FRALIIOH, Seo'r. A. WH»LWBIOBT, Aut 8m.

This

Jierctaaiita,

1,

Blvely.

the same

Returns of Premlnms and Expenses

J.

January

siibiult

of lt« affairs on the 31st

York

BROADWAY, NEW YORK.

CO.

Wldthi and Colon, alwan la itook
109 Dnano Street.

Fabyan &

Co.,

New

Tork, Boston, Philadelphia,
BBLLINQ AQBNTB FOR LBADINQ BRANDS

BROHTN A BLEACHES SHIRTINO

AND NIIEKTINGS,

PRINTS, DSNIMS, TICKS, DUCKS,

4k*.

Toirele, QnllU, W^blte Oooda A Hosiery
DrUU, Sheetings, Se., for Sxport TraiU.

BAGGING.
WARREBT, JONES
ST.

Sc

GRATZ

LOUIS, Mo.

Uannfaotnren' Acenta for tbe aale of Jste Baaainc

IMPORTEBB or

DB BEBIAN,

IRON COTTON TIES.

Chronicle Numbers

JOSEPH CI LL0TT5
STEEL PENS

liOCJlS

Acent,
No. H Boivllnc Careen.

Thomas Maltland.

Corlles,

JOHN

D.

JONES,

President.

ICHARLES DENNIS,

Vice-President.

W. H. H. MOORE, 2d Vlce-Pres't
A. A.

RAVEN, 8d

Vloe-Prealdent

WAIVTED.
967, 070, 97r, 076, 081, and
1884, Supplement.
Tea C«Qt« for eaob

of tiie

Jnne

above paid at Uie Oflc

Attn Br ALL DEALERSTw«MMKivr'K« WORLD

OOUD MEDAL PARIS EXP0SITI0N-ia7B.

;

THE CHRONICLE.
®0tt01I.

iS^ottovi,

Woodward &

[Mat

ptiscjelXaneoxts.

YORK.

|NB\r

j.^:u

MADE ON ACCKPTABLB

£oA.N8

INM AN, S W ANN& Co

& 18 Excliange Place

Post Building, 16

BKCDK1TIB8.

—with

Co.,

MEW YORK,

IVEW ORL.EAMS,

AGENT FOB

8 etuuib

WlUlam

XKCUTJC OKUiCKS

tit,,

hoit

Warm

ORIENT GUANO MANUFACT'G

CO.,

ORIENT,
Standard

New

llork,

G.

OF VIKGINIA.

Co.,

•t

Cotton Exchange Building,

NBW YUUK CUFFKB BXCHANOB, and

NEVr YORK.

theMiSW YOKIt PKODUCB BXCHAHGB and
the CUil/AUU iiUAHU OF TUAUit.

John

COUiiKSPONUlINTS
Messrs. Smith, iiiawards A Co., Cotton Brokers,
lATerpuul.
Jas. ijea McLean, New Orleans.
l ,«HMAN , bxjfiuN

New

& Co.,

LiCUUAN, I>nBB

A

OF

HMMBJiltis

(FOR BALING COTTON).

CONTRACTS OF COTTON.

TMJt UOTXOJi, VUJ/FJEE

AND

m

Cotton Exch. Building,

New

186 Gravier

New

York.

Street,

&

Attbntiok Givkn to thb Execution
of obdebs fob futube contea0t8.

Spkoiai,

Gwynn,

anBTATDB

C.

Hopkins. L0cni8 Hopkins Smith
Charles D. Miller.

Hopkins, Dwight & Co.,
C O T T OW
COMMISSION MERCHANTS,
COMMISSION
MERCHANTS,
Cotton Excliange Balldine,
COTTON EXCHANGE,
NBW YORK.
Room
"

~

Liberal advances made on Cotton consignment!.
Special attention given to orders for contract* fo r
future delivery of Cotton.

KURE, FARRAR &

CO.,

WALTER &KROHN,
S3

BBAVHW STWKWT.

VOWK.

IVWtr

F. Hoifmann,
COTTON BROKER AND AGENT
38 "nn ItK I, A ROYTRNR. MAVRR.

Phenix Insurance Co.
OF BROOKLYN,
195 Broadway, New York City.
Company lit Day of Jan., ISS-"*.
|1,000,000 00
CASH CAPITAL
Office,

'

COTTON FACTORS

Jones,

Orleans, La.

;

Fielding

&

STREET, NE1V YORK.

COTTON BROKERS,

Mohr, Hanemann& Co.,

I'ja.unuvJi JiX(JM.A.MiMli.
C-TOWN UVFICK, No. IMi (JUUUCH BTBam
Menr Korli..
.xOrders executed at itie Cuttun -Exchanges In New
iforlL ana Liverpuul, aud auvauces uiade on Cotton
and uluer prouuce cousiguea lo us, or to our corresliiverpuui
Messrs. L. Kusenlieun a
putiueuts
Buns ana A Bturn A Co.; in Loudon, Messrs. B. New*

6c Co.,
NEVr YORK.

NORFOLK, VA.

Advances made on Cotton Constffnments and Special
Attention given to purchase and sale of FUTURE

KiCUANGH: PLACB,

ST.,

Farrar
132 PEARI.

ALSO

mERCHANTS,

PEARL

Advances made on ConslRnments of Cotton. Ooncracts for Future Delivery of Cotton booxlit and
9o]d on oommisslon.

BAGGING AND IRON TIES,

LEHMAN BRO'S,
Cotton AND Factors
COmraiSSION

Wheeier,

COTTON COMMISSION MERCHANTS
NEW YORK.

Co.,

MuuLgomery Ala.

urieaus. La.

No. 40

&

bullard

141

HICNBT H. Whexler.

Bdllard.

L.

Superphosphates.

High Grade Pyrites free from Arsenic.

C O T T OHf
Sncoessors to W.11RB & SCHBOEDER.
the NKW YOKK, LIVBKFOOL AND NBW ORUiiiiiA^s
UOTTUJN iiiACJtiAJNGiiiti. Also Orders for
COTTON COMMISSION MERCHANTS,
C U FF££
at the

I.

Henry M. Taber

&

Schroeder

L.

SULPHUR MINES COMPANY

Pald-Up Capital, B. M. 6,000,000.

FLTUKK DJCLIVBBT

CO.,

RICHMOND, VA.

Authorized Capital, B. M. 20,000,000.

COMMXSsSIUN MERCHANTS,

and Produce Bxch's.

THE HAXALL CRENSHAW

Bxchangt^s in JSew York City.

Co.,

Cotton, Coffee

Standard Brands of Flour for Shipment to
Llimates always on hand.

COTTON COMPANY OF STUTTGART.

Bold tor Cash, or carried on Margin, on the various

6c

Wisner,
NEW YORK,

agency op

YOKK.

Hentz

&

conmissioN iherciiaivts.
Members of the

G. E. Staenglen,

Cotton, Coffee, Grain and' Petroleum Bought and

irlenry

COUNTRY BANKERS.

71 WA1,1, ST.,

COTTON EXCHANGK BVILDINO,
NKW

aooonntsof

Crenshaw

COMMISSION MERCHANTS,

,

interest upon balances.
Special attention paid to INVESTMENTS and

'Sew York.

WANTS

BtriT.

&

R. Macready

Sons,

BANKERS,
14 NASSAU STREET, NEW YORK.
Personal attention given at the EXCHANGES to
the purchase and sale of STOCKS and BONDS for
cash or on mar>irin.
DEPOSITS KECBIVBD— subject to check at sight

ATimrrioN to Obdbbs job Contracts
ros FuTUBx DxuvxBT or Cotton.

OF 8PINNKB8,
Ofversd on tskms to

W. T. Hatch &

^••
Branch OmoES 1tsus
132 /?i?""J'it*''S,"'
Chapel St., Neir Is
Uavsn

COTTON MERCHANTS,

spioiAi,

COTTON, ALL GRABBS, SUITABLK TO

Benry P. HatcA
Arthur M. Bateh

Watler 1. Maick.
Nath'l W. T. Hatch.

Stillman,

MERCHANTS,

:,.„.

1886.

1,

AKP

statement of

Reserve for unearned premiums
Reserve for unpaid losses
Netsurplus

2,390.985 97
287,827 a7
540,981 18

14,342,430 28

STEPHEN
WM.

R.

CROWEI.!., President.
CROWBLL.

Vice-President.

PHILANDER SHAW, Secretary.
WM. CHARTERS, Assistant Secretary.
FRANCIS

BUBKE,

P.

Sec'y Local Dep't.

42.

John C. Graham

&

Co.,

Cotton Cominigsion Merchants,
No. 19 SOUTH WILLIAM STREET
Newr York.
BBLMA, ALA.; MONTGOMERY, ALA.
Buyers of Cotton for a Commission
Orders for Future Contracts executed in New Yori

NEW YOBK.
Orders ior Future Contracts Kxeoittbd

New York anu

B. F.

BABCOCK&CO.

&

Co.,

COTION BKOKEB8,
134

PEAKL STREET, NBW^ YOR&

WA1.UKOAI

&.

Receive consignments of Cotton and other Produce,
and execute orders at the Exchanges in Liverpool.
Represented in New Yorit at the ofllce of

SAM'L D. BABCOCK
82 Nassau Street, New York.

No. 97

Price,
Ootton Brokers

TAINTEK.

CorXON MERCHANTS,

PEARIi STREET.

8PKCLAL ATTKNTIOM TO COTTON FUTURES

FELLU»ES, JOHNSON & TILESTON,
COTTON, STOCRS, BONDS, dte.,
WILLLAM BTBBET, NEW YORK.
its

OiAws In * Fntnrei" wcMatad at N. Y. Ootton Bzoh,

Insurance

COMMISSION MERCHANTS,
IT Water Street, LIVERPOOI.,

and Liverpool.

Geo. Copeiand

iETNA

ts

Liverpool.

Reid

&

Co.,

& Commissioti Merchants

NORFOLK, VA.
Liberal adrances

made on Cotton consignments,

ijpeolal attention

given to the sale of cotton tc
dTTlve or In tranait for both foreUin and domeaUo
maritt.te.

CorreBpondence

Company

OF HARTFORD.
$4,000,000 00

Capital
for unpaid losses
and re-insttranoe fund

Liabilities

Net Surplus

A»ets Jan.

1,

1886

2,057,776 24
3,202,320 41

99,260,096

Cortlandt St., New York
JAS. A, AI.EXA NPER. Agent.

No.

it

Commercial Union

aollclted.

Dennis Perkins

&

Co.,

Assurance

COTTON BBOKEB8,
Street, New Yerk.

limited,

of london.

laS Pemrl

Orders for Spot Ootton and FatoresBpromptlT
exeouted

Co.,

Office,

Cm-.

Pine

&

WiUiamSU., New\Tark.