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■yiud*1 ,2 ry.*
?1
AND
MERCHANTS’
HUNT’S
|£*W$p2lpt*,
§Jt
REPRESENTING THE INDUSTRIAL
MAGAZINE,
AND COMMERCIAL INTERESTS OP
NO. 1,195.
SATURDAY, MAY 19, 1888.
VOL. 46
1888.
THE CHRONICLE.
The Financial Situation.
Rate Wars—Past and Future .
The Position of the Canadian
Pacific
THE
Decrease
in £8
630
633
63 t
639
and Stocks
Range In Prices at the New
York Stock Exchange
640
635
New York
Sales of—
iCotton .'.
(Grain
(Petroleum
shares.)
I
GAZETTE.
Prices of Active Bonds at N. Y.
Stock Exchange, and Range
since January 1, 1888
Investment a ml Railroad News
647
Now 11 .’Lven
Reports and Documents
651
Portland.
Worcester....
611
653
Commercial Times
hales.)
bushels.)
bbls.)
Bostnn
Providence
Hartford
...
Springfield
Lowell..
Total New England...
J’lte Chronicle.
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Pittsburg
Baltimore
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favorable
than those for the preceding week, the decline in the aggre¬
gate reaching $132,441,731, of which eighty-nine and a half
millions was at New York.
This considerable decrease does
not of course mark the falling off in ordinary mercantile
transactions, being in great part due to a smaller volume of
speculation, as well as to the absence of the stimulating influ,
ence of monthly interest payments, &c.
Moreover the loss
referred to is not shared in at all points, eleven cities (3 in
New England and 4 each in the West and South) showing
small gains compared with May 5.
Compared wi£h the week of 1887 the loss at New York
reaches 3*5 per cent, and this is fully accounted for by the
For the week under
review the exchanges are less
(1,734.284)
(1,031,095'
(402,800;
(5 0.81’4,8001
118.250,000)
(-63,
1—29-7
(+18 i)
(—30 9,i
(2,009,549)
(371,100)
(24.931,450)
(15,472,000)
(+392)
88,749,781
4.663,000
1,024,>-00
1,243,411
1,031,069
951,206
1,168,500
681,173
92,909.90S
—4-5
+2-2
+21
623,044
+169
+ 94
107,624,860
4,686.800
1,673,* 04
1,4.-4,769
1,002,414
1,072.110
1,' 95,306
671,431
+0-3
+-8"1
+11 5
ICO, 109,24 6
103,785,023
—3*5
119,310,793
+ 2-3
56,241,805
10,881,953
11,574,483
54,120/ f 4
0,166,462
11,091,437
+3-9
+18*7
04,787,375
12,07 2,768
13,738,661
-1-2
+ 62
—5-5
78,608,246
75,286,053
+4 5
90,508,804
-0-8
57,152,174
+9 8
12,137,25"
—13-8
—6-7
—4-0
—14-9
1-5
—16 9
67,951,478
10,494,300
4,950,380
—160
20-8
03,300)
(60.17 ft,7t-0>
(12,610,000)
Denver
St. Paul
Grand Rapids
Wichita
Duluth
smaller value of the stock
14
—
+8*8
952,42c
—7‘9
1,083.022
995,488
4,1 16,995
3.843,352
1,932,102
3,210,928
2,108.065
1,020,400
+ 25'l
3,8-12.758
3,830,798
2,721,114
3,280,210
+1(5
—
5
3,600,065
2,486,80s
4,360,955
+9 1
—J3-7
+ 2P6
4-4.721
693,580
4,087.352
1,675,852
3,061,270
2,172,346
1.450,865
3.680,976
4,501,286
2,849,952
3.615,460
593.890
-71
+3-8
—18
—4-3
-
-14-4
-85
—12 8
—130
—6*4
+287
-t-9'6
+ 15-4
-41
—408
+ 258
HO-2
-264
798,312
2.299,505
341,683
351,031
105,695,428
103.302,4S9
+2-2
114,183,224
-14 7
17.959,706
17,942,238
+ o-i
1,455.162
7.563,000
5,098,521
8.865.928
2,243,526
665,296
8«6,3?5
1,078,749
6,478,252
5,133,525
8.262.053
1.683,512
-f* 115‘7
18,331.546
1,116,396
7,700.000
-19 2
+ 1-6
+ 110
+7*3
7.107,839
8,3*-8,18?
+33-.-1
2,587.074
45,347,514
42,389,115
+
15,452,645
Kansas City
Memphis..,
2,664,010
—13 3
-130
+15-6
—58
+35-4
+5'7
+ 542
044/'34
651,766
-26-7
70
46,038,202
-40
16,306,614
-5-8
17.472,078
+110
975,319,4 48
094,330,288
—19
1,107.761,209
-1-6
“345,303,079
341,2" 1,094
+1*2
“388,254,091
-4'4
Galveston
Norfolk
San Francisco
629,519
581,269
+7'6
Not included in totals.
telegraphic returns of exchanges for the five days
and are given below. In comparison with
the similar period of last year the aggregate for the seven
cities records a loss of 17'2 per cent.
The estimate for the full
week ended May 19, based on these telegraphic figures, points
to a decrease from the week of 1887 of about IS’S per cent.
Messrs. R. G. Dun & Co. report the number of failures for the
week ended to-night (May 18) as 189 (163 in the United States
and 26 in Canada), against 209 last week and 180 for the same
Our usual
have been received
time
a
year ago.
operations in the current year.
Altogether, twenty-one clearing houses out of the thirty-six
included in our statement exhibit figures in excess of a year
ago, and at some points the percentages of increase are quite
important; notably Norfolk 54*2 per cent, Memphis SB’S,
Peoria 25*1, Grand Rapids 21*8 and Wichita 20*5 per cent.
Tire most prominent losses are at Duluth, 49*5 per cent, and
Columbus, 1G#9 per cent.«
Dealings in shares on the New York Stock Exchange for the
week embrace a market value of $84,190,000, which contrast
with $95,230,000 for the similar period a year ago.
Pursuing
our usual method of deducting two-and-a-half times these val¬
ues from the New York totals, leaves as the exchanges arising
through other business $419,541,369 and $415,063,194 respec¬
tively in the two years, or a gain of 1*1 per cent,
,657,231
1,260,940
(-555)
(—62 0)
(-27-3).
+ 20 5
—49-5
Louisville
*
)
1,820,405
1,277,142
1,445,359
Outside New York
+5 9
+4 3
4,4* 4,5.00
3,182,051
3,769.596
590,315
835,895
Total all
-0-2-
719,507,1 IS
Total Southern
CLEARING HOUSE RETURNS.
*
-35
Minneapolis
St. Louis
St. Joseph
New Orleans
P. Cent.
653,138,191
Columbus
Peoria....
Omaha
Total Western
1888.
630,016,: 69
62,769,091
10,465,400
3,840,781
3,6-8,236
1,644,397
Chicago
Cincinnati
subscribers at $1 00.
London Agents:
Messrs Edwards
Total Middle
P. Cent.
*
$
in March Net Earn-
(Stocks
BANKERS’
Money Market, Foreign Ex¬
change, U. States Securities,
State and Railroad Ronds
1887.
End’g May 5.
Week
May 12.
Week Ending
CONTENTS.
Six Mos.
THE UNITED STATES.
Week Ending
May 10.
Week End’o
May 12.
18S8.
P. Cent•
Return* by Telegraph.
1888.
1887.
P. Cent.
_
J
480,802,632
New York
»
608,068,875
(1,772,445)
91,486.891
53,630 265
11,939,256
48,052,702
14,707,111
5,283,611
—20 9
*
524,247,054
-3-9
(+18-8)
—4-6
(1,485,002)
73,845,007
47,646,005
9,821,429
62,786,000
15,191,904
+13-5
6,081,418
+9-7
834,068,714
166,187,407
—17'2
729,621,547
145,216,287
-2-a
830,724,732 1,000,256,121
104,044,002
102,688,480
-16-9
—10
874,867,834
101,020,627
-2*1
Balance Country*
Total week, all
033,413,221 1,104,000,123
-15'5
975,897,461
~V0
Sales of
(787,836)
Stock (share*)....
72,872,236
54,206,06-)
10,620,723
61,088,000
Boston
■Philadelphia
Baltimore.,
Chicago
14,027,028
St. Louis
New Orleans
a
5,096.258
Total, 5 days
600.602,545
Estimated 1 day
140,122,187
Total full week...
¥
.
(-55 6)
—20*3
+ 1-1
—11*0
+ 6*2
—
15*7
Foi\he tall week, based ou last week’s roturae.
—22
+ 5'7
—
41
+S-3
-0-6
-1-7
+0*4
t)30
THE
THE
FINANCIAL
CHRONICLE.
SITUATION.
The declining tendency of the money market
further progress this week.
That can cause no
in view of the large movement of
currency to
from many directions, especially from the West,
has made
surprise,
this city
while the
Government is at the same time disbursing through
bond purchases more every week than flows into its
vaults through excessive taxation.
How long these accumulations in bank are to continue, must depend largely
upon the degree of industrial activity that may prevail.
It looks now as if Western legislatures and Western strikes
had taken all courage out of railroad
managers, and that
even the construction
phns which had been made for the
year were to be given up.
If that can be accepted as
correct, we have a very important fact towards making
a forecast with
regard to money. We give below in
this article a table
showing the immense amount of
circulation the country now has outstanding. It
appears
that notwithstanding the large bank note contraction
there
is
over
600
million
dollars
more
of
tered upon
and we are
chooses
to-day than there was when we en¬
specie payments. These are absolute facts,
willing to show the details to any one who
call upon us.
And what do they
The last two and a half years, with large and
railroad
-
currency
the United States
in
to
building,
for four months.
The rate
on
on
the loan.
none
have had
market,
more
of this latter
class done
of
an
effect than it did upon the
exchange
the opening of subscriptions for the 7^- mil¬
lion of the Baltimore & Ohio
loan, which it was an’
nounced on Wednesday had been subscribed for several
times over.
About the only influence perceptible in the
market was indirect, and that was
probably the cause for
lowering the nominal rates on Tuesday. As the allot¬
was
of
ments
the
London
subscriptions
yet to be
settled, drafts against them cannot be immediately
made, and it may be the policy of the bankers con¬
trolling the negotiation to withhold these drafts, and
only gradually to supply the market.
In view of
the probability that the
Reading loan will be the next
one
offered, this course seems to be wise, enabling
the drawers to obtain good prices for bills drawn
against
both loans.
The eagerness shown to obtain these bonds
is
no
evidence that the bars
sorts of schemes.
down in
are
The bankers’
are
London to all
who
presented the
it, and will float the Reading just as easily
ready. These negotiations may put the exchange
names
offer floated
when it is
this
mixed collateral is from
We hear of
quoted in our last. The most important
week, and one which it would seem should
as
event of the
increasing
^ of 1 per cent to 1 per cent higher all around, the rate
depending upon how much of lower grade security
is offered
leaving them
market in such
have been sending West an uninter¬
rupted stream of currency, with no return flow during the
seasons between crops.
This currency has all been absorbed,
having found quick occupation in railroad work, and in the
activities which have accompanied that work.
If now this
industry has received so material a check, it is only reason,
able to expect that the circulation thus put out of
use, will
accumulate here again ; and should this movement con¬
tinue while the Government is disbursing
its surplus ac¬
cumulations, does it not look as if bank vaults, unless
speculation should set in, would have little spare room
after storing away the idle currency.
This week call loans, as represented by bankers’
bal
ances, have ranged between 2 and 1 per cent.
Compara.
tively little, however, has been done at the lower figure,
much more than half the business
being at the higher
rate, so that the average has probably been over 1£ and
not far from If per cent.
The banks and trust companies
still ask 3 per cent, but they accept less if
they can obtain
satisfactory collateral. First-class time loans have been
made at 4 per cent for six months, and the quotation for
this grade is 3 per cent for sixty and
ninety days and four
months; it is also nearly as easy to borrow for six months
as
sterling on Tuesday, but actual busines* was no lower, and
the nominal rates were restored on
Thursday morning,
foretoken?
we
[VOL. XJLVI.
a
condition
as
to make the outflow of
gold
spring from New
recently been anticipated.
York to London small and much less
than has
There was an export
$501,260 88 in bars on Wednesday, but this, like the
export of the previous week, was not strictly an exohange
of
being sent out on special order.
As to the
situation of our trade balance, we have an
inkling in the
figures of exports of breadstuffs, cotton, &c., for April,
issued by Mr. Swittier this week.
They are as follows,
made up in our usual form.
matter,
EXPORTS OP BREADSTUFFS,
PROVISIONS, COTTON
1887-88.
Ex-ports
from U. S.
April.
AND PETROLEUM.
1886-87.
10 Months.
April.
10
1885-00.
Months.
April.
10 Months.
Quantities.
Wheat.bush.
Flour... bbls.
Wheat, bu.
2,948,120
957,577
59,015,088
10,091,810
0,524,001
956,300
79,781,527
9,087,742
Corn... bush.
7,257,210 104,420,583
1,470,338 20,034,704
10,822,911 123,370,360
3,994,569 34,530,488
Tot.bush..
8,727,554 124,461,287
14,817,480 157,900,854
Values.
t
Wh’t & flour
Corn & meal.
Rye
Oats & meal.
Barley
>
Br’dstuffa..
f
0,843,587
90,749,086
950,380 11,393,831
3,109
29,194
19,455
231,077
13,403
270,979
9
«
10,472,372 113,528,037
1,981,393 17,107,400
31,408
133,376
43,391
584,750
18,322
804,854
•
Petrol ’m.&c.
7,829,994 108,074,707
0.697,700 72,872,200
13,097,049 201,273,617
3,132,872 37,821,308
12,546,940
5,090,417
9,527,033
3,201,103
Tot. value.
30.957,021 420,041,892
30.305,499 442,357,833
Provisions
..
Cotton
132,218,477
72,041,102
200,280,147
37,218,107
5,352,075 40,138,818
703,128
0,389,835
8,517,051
7,004,353
08,892,475
52,201,729
10,181,409 121,154,804
f
8,111,496
3,727,177
7,043
102,790
10,830
1
05,543,089
27,258,841
117,849
2,499,171
140,393
11,959,948
95,558,843
0,532.990 70,910,580
15,212,889 179,608,048
3,532,371 41,081,902
37.238.204 337.159,371
The
large increase in the exports of cotton and the
provisions, makes good the very large
loss in breadstuffs, and puts the total values for
April,
1888, a little above ($592,122) the total for April, 1887.
There is no change in the political affairs of
Europe,
unless we take the agitation in England with
regard to
its alleged defenceless condition as evidence of the increas¬
smaller increase in
by our city banks, all the time loan business
being chiefly by out-of-town institutions ; there are in¬
dividual lenders here and a few of the Clearing House in¬
stitutions and trust companies that will put out
money in
this way if they can obtain good
security, but they are ing sensifiveness of the situation. Undoubtedly greater
all quite conservative.
This conservatism is especially uneasiness respecting the future prevails on the Continent
evident in the commercial paper market, it
having really than did a year ago, it being added to in good part by
/been a characteristic since the beginning of the year* the unsettled and dubious outlook in France. In the
.
but
more
marked since the recent failures.
Almost all
meantime commercial affairs
becoming quieter, of which
by no we have further evidence in the decline this week in the
means plentiful.
Quotations are 4^@5 per cent for sixty money market at London. The rate there has been
quite
to ninety days’ endorsed bills
receivable, 4|@5£ for four irregular, said to be in consequence of the diverging views
months’ acceptances and 5-£@6£ per cent for
good single of bankers as to whether the official minimum will be fur¬
names having from four to six months to run.
ther advanced. The latest quotation is 2£ per cent, which
Our foreign exchange market has been firm. The nomi¬ is a reduction of
§ of 1 per cent compared with last
nal rates, to be sure, were reduced a half a cent
per pound
eek, and 1 per cent below the Bank figure.
No
buyers
now want
first-class
names
and these
are
are
May 19,
THE
1888.]
631
CHKONIOLE.
tion of the currency during the last three years has been
confident feeling ia induced by the Bank
5 per cent of its volume.
This means depreciation of
return, which shows for the week a gain in bullion of
the property of the country $3,000,000,000. Debts have
£101,000; a private cable to us states that this was made
“not only increased, but the means to pay them have
up by an import from several sources of £135,000, and
diminished in proportion as the currency has been
by an export to Germany of £30,000, and by shipments
contracted.” All that sounds very strange in the light
to the interior of Great Britain of £4,000.
At Paris the
open market rate is 2J per cent, and at Berlin and Frank¬ of the above table, which shows what the real facts are.
fort it is If per cent.
The Bank of France has gained Three years ago (July, 1885,) the currency, instead of be¬
ing more than it now is, was $159,563,791 lets, and even
£123,000 gold during the week.
Bond purchases under the circular of April 17 had reached the amount in the hands of the people was $119,574,702
a total up to last night of $25,911,950, which with the
lets, notwithstanding the large accumulations at present
in the Treasury.
Clearly, if industrial activity and values
premium paid (say about $4,250,000) makes a total of over
be
could
stimulated
by currency inflation, the conditions
$30,000,000 disbursed or in process of disbursement on
are
that account since the circular was issued.
We notice
ripe for it.
Trade
remains quiet. While the volume of business con*
an associated
press dispatch of last Saturday stated
that, notwithstanding the purchases up to that date, the tinues large, as compared with the extreme activity of last
surplus held by the Treasurer was slightly in excess of year there is of course a marked diminution in many
the amount so held April 17.
That statement seems to branches of industry. The iron trade under the falling
have been misunderstood.
It did not mean as has been off in new railroad construction and the increase in the
assumed that after deducting all purchases the surplus facilities for production, is very depressed. This week
showed an increase; but simply that the payments by the one of the leading producers—the Thomas Iron Company
Treasurer on that account (that is the completed trans¬ —made a reduction of two dollars per ton in its asking
actions) left a small increase. Unless there is some prices, bringing the figures down to the lowest point
unusual stoppage in disbursements, the monthly surplus reached in a long time. Prices had previously been con¬
cannot we think exceed twelve million dollars in May, siderably shaded, so the reduction is not quite as large as it
though we should not wonder if it did reach that figure, seems, yet it is regarded as very important. The claim is,
“
doubt a more
“
“
“
“
due in that month.
Hence we may conclude that the purchases up to last
night, May 18, (which with the premiums as we have
already said amount to over $30,000,000) cover the proba¬
ble surplus for more than two months.
In other words,
in one month the Secretary has bought bonds which with
the premiums paid exceed the surplus for two months.
It does not, however, by any means follow that the
Secretary, even when these transactions have been fully
completed, will have paid out of the Treasury vaults $30,000,000. It is possible, as we have explained on pre¬
vious occasions, that a portion of the bonds purchased
were held as security for the moneys in depositary banks;
if so, in all such cases of course the only addition to
their cash the banks will receive will be the excess due
for premium above the deposit.
We have, however, no
knowledge that any such bonds have been sold as yet.
Inquiry has been made by a correspondent as to the
changes that are taking place in the active currency of the
country by reason of these disbursements. They cannot
have been very material, because as stated the amount
thus far disbursed above accumulations is trifling.
It
may, however, be useful for the reader to have before him
a comparative statement of the circulation in the country,
as there are from time to time so many flowery speeches
made in Congress on the subject that one likes to have
Romance and fact
the truth to look at now and then.
there
as
no
are
interest payments
present a very strong contrast.
often
CIRCULATION IN TIIE UNITED
Circulation.
Jan. 1,
bullion
Silver dollars
Silver bullion
Fractional silver
National Bank notes
Lejtnl tenders
Total in United
STATES.
*278,310,126
22,495,550
9,121,417
71,021,102
323,791,674
346,681,010
$
545,500,797
175,355,829
4,950,785
75,201,528
339,499,883
340,681,016
*
*
318,576,711
711,369,409
291,219,790
10,024,970
70,299,882
258,372,203
348/81,010
346,081,016
588,*- 97,030
203/84,881
4,054,583
74,939.820
1,698,997,341
States.. 1,051,120,915 1,487,219,838 1,537,433,550
-
Of which—
In Treasury
In hands of
Total
*
The
as
278,188/22
people
214,934,189
223,704338
827,710,559. 1,272,315,014 1,258,944,728 1,378,510,430
1,051,420,945 1,487.240,838 1.537,433,550 1,696,997,341
above
gold in 1879 we give as
estimates it at a lower figure,
son even more
318,477,911
estimated at that date. Mr. Kimball
which, if used, would make the
compari¬
striking.
remembered that Senator Plumb, when he
amended the bond purchase bill, said that the “ contracIt
will
be
the
com¬
petition of Southern irons, which are becoming increasing¬
ly prominent in the market. The real difliculty of course
is that the demand is so much less than the production.
This diminished demand for iron is alio reflected in a
lessened demand for coal.
Mr. John H. Jones has this
week issued the anthracite coal figures for April, and they
show the same results as in previous months, namely
increasing stocks and reduced consumption. The output
was 69,797 tons greater than in the same month of last
year, while stocks at tidewater points were increased from
465,709 tons at the beginning to 733,314 tons at the end
An increase in stocks is usual at this sea¬
of the month.
but in the present year the tendency is more than
ordinarily pronounced. Starting with only 130,977 tons
stocks on January 1, the quantity May 1 was, as stated,
733,314 tons, or greater than at the same date of other
recent years.
The following is our usual table, summari¬
zing these facts.
son,
Jan. 1 to
April.
April 30.
Anthracite Coal.
1888.
Stock
betflnninff
Tons.
1887.
Tons.
1888.
Tons.
1888.
Tons.
1887.
1880.
Tons.
Tons.
372,282
130,977
2,194,726 10,326,336 10,492,384
942,470
754,545
9,677,418
of period
405,709
Production
2,856,593
*600,000
2,786.790
St’k end of period
3,322,3 >2
733,314
3,386,796 3,137,196 10,457,813 10,864,066 10,431,903
733.314
704,109
700,205
704,169
700,205
Consumption..
2,588,OSS
2.686,591
Total supply
.
•Estimated: no figures
2,433,027j
9,723,999 10,164,461
0,727,794
at the time.
less
months 440,462 tons less.
regards production the
Lehigh region was the only one that fell behind in April,
the falling off being 106,110 tons.
In the Schuylkill re¬
gion there was an increase of 15,082 tons, and in the
Wyoming region an increase of 160,825 tons. For the
year to date of course the Lehigh and Schuylkill both
are greatly behind, and the Wyoming greatly ahead.
The eagerness with which the Baltimore & Ohio loan
Thus
1879. July 1, 1881. July 1. 1885. May 1, 1888.
*
Gold coin and
that the reduction had to be made in order to meet
consumption in April was about 100,000 tons
than last year, and for the four
It is an interesting fact that as
referred to above, is
evidence that where the bonds of a well-known and firmly
established company are offered, and backed by a syndi¬
cate of
reputable bankers, English capital in large
amounts stands ready to take them.
The present bonds
was
taken
in
London this week,
632
had
THE
CHRONICLE.
[vol. xlvi.
certain
strong points in their favor. They are
The stock market has continued
dull, and been more or
property of considerable value—one of the less depressed all through the
week, though yesterday the
great trunk lines between the lakes and the seaboard. tone was firmer and
prices somewhat higher. Tae dealings
Until the late difficulties the
company was in excellent are very limited, and chiefly confined to professional traders.
condition, well managed, and enjoying a large degree of Few special developments
of consequence have occurred.
prosperity, with a reputation second to no other railroad Reports as to the
crops and spring planting have been
corporation in the world. The capital has never been rather unfavorable,
owing to continued unseasonable
watered; on the contrary millions upon millions of dollars, weather. The trunk lines have made some
secured
on a
reductions in
taken
directly out of earnings, have been spent upon the west-bound lake and rail rates, further email amounts of
property. Within the last few years the company made a gold have been shipped, and serious
overflows along the
number of unfortunate ventures, and
consequently became Mississippi river have taken place, checking railroad op¬
embarrassed, but this has now been remedied through the erations and
damaging crops. All these circumstances
issue of the new bonds, and the
management is again very have tended to depress prices, while the decline in silver
conservative. Whatever may be the immediate
prospects, bullion to the lowest point reached, if not a direct un¬
there can be no doubt that the
property has a great favorable feature, was certainly not a favorable one. On
future before it—a fact which is
as
well known in London
the other
hand, the instant success of the Baltimore &
Ohio loan was an
encouraging influence, as also the action
respects. They have a hundred years to run, bear 5 per of the Northwestern roads on
Thursday in advancing
cent interest, payable
principal and interest in gold, and through rates between Chicago and St.
Paul, this latter
were offered at
105, at which figure they net about
par action being necessary in order to
equalizs rates to
cent on the investment—a rate of return which is
very other points.
Of course the equalization could havs been
tempting alongside the 3 per cent realized on English effected by
reducing the local rat.es, and the fact that
railway securities. The mortgage is for $29,600,000, but this was not done shows that a
greater fueling of
the present issue is
$7,500,000, and- the remainder can harmony prevails and that the managers
are disinclined
only be issued as the prior mortgages to an equal amount to do business
any longer without a profit.
It is likewise
are retired.
The work of reorganizing the
road, so that significant that this step has been taken
notwithstanding
it might be operated to the
greatest advantage, has neces¬ the determination of the
Burlington & Northern not to
sarily been slow, and, besides, some heavy expenditures advance the
through
rate between New Yoik and St.
have been made for renewals and
repairs, so the result for Paul. Operators for a decline were incline! to make
as
it is here.
But
the
bonds
were
desirable
the six months ended March 31 showed
a
in
other
loss in net of
much of the fact that the Lake Shore lost about
$75,000
nearly $400,000; but for April the statement issued this in net
earnings during the first quarter of the year, ac¬
week makes a much better
exhibit, there being a slight cording to the statement issued this week. But as this
improvement over the same month last year.
loss occurs on net of
nearly $ 1,800,000 last year, and
The Southern Pacific
Company operates one of the many unfavorable influences prevailed the present
year,
great railroad systems of the country, and as such its re¬ the exhibit struck most
persons as being quite satisfac¬
port on another page is deserving of careful consideration.
tory. Richmond & West Point Terminal stock has been
With the absorption and
completion of the Oregon & weak, declining sharply after an
early advance. Reading
California, the company now has a system of roads ex¬ and the Northern Pacifies have
been very firm, the latter
tending all the way from Portland, Oregon, to Galveston on
heavily increasing earnings.
Yesterday afternoon
and New Orleans, on the Gulf of Mexico.
With the
Reading led in an advance, under which the whole market
branches and auxiliary lines, this covers an
aggregate of recovered sharply, aided by the large Treasury
purchases
5,576 miles. In addition, however, the company has of bonds.
steamer lines between the Gulf and New
York, Yera Cruz,
The following statement, made
up from returns collected
Havana, &c., so that with the western end of this rail and
by us, shows the week’s receipts and shipments of cur¬
ocean line at
Portland, on the North Pacific coast, the east¬ rency and
gold by the New York banks.
ern end is
way down in Havana. The earning? of the system
are
Received by
Week ending May 19,1888.
proportionately large, the gross in 1887 having been
Shipped by
Net Interior
N. Y. Banks. 2V. r. Banks.
Movement.
$37,930,161, and the net $15,217,96$. The gain alone
Hiirronfiy
f2.8T0.000
Gain. |2,oe5.009
1805.000
during the late year was greater than the total earnings Gold
Loss.
325,000
325,000
of many companies,
Total gold and legal tenders....
12,870,000
$1,130,000 Gain, f 1,740,000
reaching $6,132,279 in the gross and
$1,934,737 in the net. The Southern Pacific of course
Taking the foregoing in connection with the Sub-Treasdoes a very large amount of
through business, and a fact ury operations, the result is as below.
which helped it greatly in 1887 was the termination of
the
Week ending May 18, 1888.
trans continental war in
Into Banks. Out of Banks. Net Change in
April of that year, since which
Bank Holdings.
period rates have been on a more profitable basis. At the Banks’ Interior Movement, as above *2,870,000
1,130.000
Gain. *1,710,003
same time the
13,200,000
0,500,000 Gain. 6 700,')'.0
development and rapid settlement of Cali¬ Sub-Treasury operations
Total gold and leeal tenders....
S16.070.000
fornia and the other Pacific
Gain. *8.410,000
$7,030,000
States, has also been a
The following table indicates the amount of bullion in
favoring circumstance.
It is not possible as yet to
form a reliable idea of the
earning capacity of this com the principal European banks tLis week and at the cor¬
bination of roads, but it is
interesting at any rate to have responding date last year.
-
.
the
results
for
IS87, which show a surplus above all
charges of every description (including some special items
of charges) of $1,034,960.
In the current year to date,
the company has been
doing exceptionally well, and for
the three months to the 1st of
April there has been a gain
of $2,823,931 in gros3 and
$1,051,170 in net over the
same quarter of the
previous year covered -by the report
now
published. The Southern Pacific Company has no
direct bonded debt; its
capital stock is $89,027,770.
May 17, 1888.
May 19,1887.
Banks of
Cold.
£
England.
France
Germany
Aust-Hung’y
....
Nether lands..
Nat .Belgium
National Italy
Silver.
Si
10,(306.635
45,101,880 48,163,145
31,324.000 15,602,000
5,060.000 14,0(33,000
5.450,000 8.247,000
2,yi3,oa.j 1,457,000
0.978,000
1,118,000
Total.
Gold.
£
£
19.(306,685
93.324,905
40,ys0,ooj
20,923,090
13,097,000
4,370,000
8.090.0(00
Silver.
£
23,401.833
47,9 5,551 16,833,489
23,5S7.8J0 1$, *
0,753,000 14.101.00U
4,940.000 8,237.000
2,511,000 1,235,000
7,00 L,000
1,118,000
Total.
X
28,461,833
94,739; i40
89,313,00)
20,914,000
13.177,000
3,766,000
8.119,000
Tot. this week 117,453,505 S9.01Os‘t45 207,003,000 110,100,184 87,329,089
203,499,87i
Totprev.w’if 117.220 893 S9.570.124 •200.791 017 110 4*7.553 S3 278,407 202.745.520
Mat
633
THE CHRONICLE.
19, 1888.]
when it has fallen to
two-thirds that figure.
A business
eight years ago seemed capable of indefinite
expansion, with good returns for everyone, has failed to
There have been important reductions of trunk line
meet these expectations.
Instead of being the - main
rates in the last few days, which are accepted by many
ground it is likely to be only an incidental one.
as indications of a general railroad war.
Such a result fighting
It is a significant fact that the pesent trouble began with
appears to us to be quife improbable. AVe say this while a
drop, net in east-bound rates but in west-bound.
admitting that many of the same causes wh’ch so recently
Even if the through grain business were more profitable
produced a rate war in the Northwest have been
than it is, the railroads could not aff rd to cut rates for it,
in the East.
In fact, similar causes have on previous
while the short-haul clause of the Inter S ate Commerce
occasions produced a rate war among theie Eastern roads;
law is in operation, quite as freely as th?y did before.
but though there is likeness in the events occurring, the
With grain shipped on through bills of lading to Liverpool
controlling conditions are different.
direct, the law makes le^s difference; but witn shipments
We must not lose sight of the important change which
delivered to merchants at Atlantic ports, the change in
has taken place in the character of the management of
this respect makes itself felt most decidedly.
Down to
our trunk lines, and also in their relations to one another.
1881 rata wars were largely fights between different seaFormerly the suspicion seemed well founded that some of
In coming contests this factor is likely to be
! board cities.
RATE
which
WARS—PAST AND FUTURE\
operative
9781
properties were used in making money for the
officers, fluctuations in price and rate wars being (if rumor
5vas correct) not infrequently encouraged; and this reck¬
lessness was aided by the semi-bankrupt condition of some
of their number.
What gave the public a new interest
in trunk line securities was the rehabilitation of the
finances of the weaker menrevs, the elimination of those
speculative influences which had disturbed confidence, and
the high standard of control which became the rule and
was no longer the exception.
Now when a rate war
threatens, every one feels assured that it will be averted if
good management and honest endeavor can avert it.
Furthermore, other conditions are different from wdiat
these
they were in 1S85, 1881 or 1876. The change in
cumstances of railroad traffic in the last six years
greater than in
the six years preceding.
the cir¬
is much
On the cue
affecting the
relations of through and local tariffs, and forbidding the
roads to make pooling contracts.
On the other hand, we
have the development of new lines of business and the
more thorough org anization of old ones.
The precedents
which were good in 1881 or 1885 have ceased to be appli¬
cable in 1888.
All that we can do is to take a careful
survey of the fighting ground and see how it differs from
hand
we
have the Inter State
Commerce law,
much reduced.
of importance
of wheat tonnage means
gain for other lines of
business; ai.d it is to
The relative loss
a
relative
look for new developments of the
traffic by rate cuttirg. “ To him that hath
such lines that we must
effect to secure
shad
there
be
are
given'’ is specially true of a ra’e war. And
two classes of shippeis who now have the
railroads at
The first
disadvantage.
class consists of those who have the
a
benefit of
The development of the trade of the
Likes has been enormous.
All this is practically ou'side
the reach of the Inter State Commerce act.
The law in
its present shape does not pretend to touch it; it is doubtful
whether the proposed amendmen's which have that purpose
in view could ready effect their object.
As far as the
Inter-State Commerce law has increased the development
water
competition.
introduced a disturbing factor
in the rate question.
Some goods canrot advantageously
be shipped by water; others can.
The mere active the
of the Lake
marine, it has
noticeable will he the dis¬
crimination in favor of goods of t^e latter character. It
is a discrimination which it will be impoesiole for any
Commission to stop, partly because it may take the form
of revised classification, and partly because it is based on
that of years gone by.
real difference of circumstances and conditions.
The export grain business, which down to 1881 was the
There is another set of shippers who will have an advan¬
chief bone of con’ention, has become relatively ltss im.
We refer to
tage for which there is less justification.
portant. This is strikingly illustrated by the aggregate those whose business is closely organized—whether by
trunk line figures during the period of change.
The consolidation, trust, or well guarded pooling contract.
through tonnage of Class VIII. (flour and grain) shrank Our readers will remember the case of the dressed beef
frem 54 millions in 1880-1881 to 34 in 1882-1883, and
has not since recovered its old importance.
We called shippers a few months ago, who by skilfully transferring
their shipments from one road to another were able to
attention, not long since, to the way in which this fact
force a series of cuts upon the railroads ; and who more
illustrated in the history of the Lake Shore. While
recently, it is said, finding that the roads are acting in
the aggregate tonnage of this road has been, on the whole,
concert, threaten them with punishment for violating the
increasing, and was larger in 1887 than ever before, the
pooling clause. Nothing could more clearly illustrate the
grain tonnage has been rapidly and almost uninterruptedly
folly of those who, in a spirit of hostility to the railroad*,
diminishing. The figures are worth quoting :
insisted on the insertion of the prohibition of pools.
Its
Tons.
Tons.
Tons.
1,841,120
1882.-.1,203,979 1885
1,142,422 practical effect is to give the trust an enormous advan
1,160,489 1886
977,130
1,727,045
1883
1881.
1,509,444
1884.
1,005,852 1887
953,983 tage over the individual shipper. It deprives the rail¬
roads of the means of defending ihemselve3 against
Yet the aggregate tonnage of all classes was 24 per cent
trades which are so organized that they can act in concert.
greater in 1887 than in 1879. The grain business had It transfers the seat of power
from a railroad pool, which
sunk to less than half its former relative importance. And
can be held to
a considerable measure of publicity and
what is shown by the statistics of the Lake Shore is
responsibility, to an entirely secret and irresponsible
shown, though in a less striking wTay, by the tonnage
organization of shippers. Looked at as an attempt to
figures of other roads.
Nor is this difference one of quantity only.
The fall in equalize rates, the change is decidedly for the worse.
It is hardly necessary for us to say that we by no means
price has had much influence upon it. Under the old
sympathize with the unmeasured abuse which has been
prices wheat allowed a good margin of profit to all who
They
touched it, from producer down, unless they happened to heaped upon trusts and other trade co nbinations.
seem to be in some sense inevitable ; but for that reason
speculate on the wrong side of the market. But what
we fed all the more strongly the dangers to which they
wa*
possible with wheat at $ 1 15 is out of the question
was
water
a
competition the more
634
THE CHRONICLE.
subject. Like every other business institution, they
produce some good and some evil; and the effect of crude
legislation often is to check the former and intensify the
latter. Anything which gives trade combinations a power
to dictate terms to the railroads
brings out the worst side
of their activity.
was
This
seen in the highest degree in
the history of the Standard Oil Company before railroad
pools were organized ; there is every reason to fear that
it may be repeated since the prohibition of
pools. It i
true that we have stricter laws
against discrimination than
we had a few years
ago ; but it remains to be seen how
far they will stand the strain of an active railroad war.
The clause against pools will certainly
hamper the com¬
mission in their efforts to secure equality.
It is a good thing to prohibit everyone from
carrying
weapons ; but to prohibit A from doing it while we allow B
to continue the practice is simply
courting the danger which
we are anxious to avoid.
When a combination of ship¬
pers threatens to prosecute a railroad pool for violating the
law against pools, tbe lesson is obvious. If we are to have
rate wars in the future, it is not
likely that they will be
longer forced by the rival cities or waged in their interest;
there is much reason to fear that the
fighting may be
forced by the best-organized industries, and that
they will
be the ones to reap the chief benefit.
are
THE POSITION OF THE CANADIAN PACIFIC.
[Vol. XLVI
magnitude, and required skill and boldness to carry it
through. The western end of the line passed through a
region entirely unknown, and whatever its present pos¬
sibilities could not have been built without
centive and compensation.
some
such in¬
In
granting aid.to this undertaking, the Dominion Gov¬
impelled by considerations not quite the
same as those that controlled our own
people during the
civil war.
In 1862 it was a matter of
military necessity
that the Pacific States should be
brought into rail com¬
munication with the sections east of the
Mississippi and
Missouri Kivers, and this prompted the
chartering of the
various Pacific roads.
Canada of course in
chartering
the Canadian Pacific was under no such
pressure ; the
military element, so far as it had any weight, was present
as
a
remote and possible
contingency, rather than an
existing and urgent one. Yet the need for connecting
ernment was
British Columbia and the Northwest Provinces with the
Dominion proper was none the less
commercial
standpoint.
imp ^vive—from a
Only by means of a comprehen¬
sive network of roads could these unknown and remote
sections of the country be developed.
Under the stress
of this
need, the Canadian Government in
1881 did just
States had done about twenty
years
before—that is, it granted very liberal subsidies to secure
the railroad facilities desired, only, as
what the United
already said, the
degree of encouragement offered was greater.
acquired such a decided im¬
While, however, there is this point of similarity between
portance in recent years that its annual report, which we the construction of the Canadian Pacific and our own
published in full last week, would seem deserving of more Pacific roads, the methods of extending aid were in many
than a passing notice.
particulars far from alike, and the present results are
As is known, the road has from the first
proved an altogether different. The United States simply gave a
active and alert rival to the American trans-continental loan
(aside from the land subsidy), to be repaid, principal
lines.
Two events, however, of recent occurrence
give and interest, at maturity. Canada, besides the land bonus,
increased prominence to the subject of the road’s
positiO
gave a large amount of actual cash and many miles of
These are (1) the announcement that the consolidated road, and very
easy conditions generally—making new
Minneapolis St. Paul & Sault St. Marie lines (giving an terms whenever the circumstances required it. The result
outlet to St. Paul and
Minneapolis) had passed into hands is, that barring the 15-million loan just negotiated, and
of parties interested in and connected with the Canadian which is to be
repaid out of the proceeds of land sales
from
to
time
Pacific, and (2) the making of an agreement with the
time, the Canadian Pacific owes the Canadian
Canadian Government, by which the Canadian Pacific is Government
absolutely nothing. Our own roads, on the
able to secure a loan of 15 million dollars on
other
hand, are confronted at the present time with the
very advan¬
tageous terms, the consideration being the relinquishment question whether it will be possible for them to meet their
of the monopoly clause with reference to the
building of debt to the Government at maturity, a few years hence.
lines to the American boundary in Manitoba.
This is certainly an important advantage that our
Like so many of our own systems, the Canadian Pacific northern
competitor has over the American lines. Thert
has been developed with great rapidity and attained its are other
advantages possessed by it hardly less important.
It
road
under its own control and management all
has
a
present large dimensions within a comparatively short
period of time. The company was incorporated in Feb. the way from ocean to ocean. This is not true of any line
1881, so that it has had only a little more than seven years in the United States. The Union Pacific comes no further
of life.
In this brief period it has been extended, till now east than Omaha, the Northern Pacific extends to St. Pau
the system comprises in the neighborhood of about 5,000 and Duluth, and the Atchison to
Chicago. The Canadian
miles of road.
Of course not all of this 5,000 miles has Pacific, on the other hand, reaches from Vancouver and
been constructed during the seven years, quite a little Port Moody to Montreal and
Quebec, and will soon have a
mileage previously existing having come into the com¬ line into the maritime Provinces. Besides, the system
pany’s possession at its incorporation, yet the greater part forms short and desirable routes to other important points.
and all the more important pieces have been built in this Not to
speak of Pacific Coast connections, there .is the
interval—showing the vigor, determination and celerity branch to Sault St. Marie, which in connection with the
with which the work has been prosecuted.
Minneapolis & Sault St. .Marie road, already alluded toj
In one important particular of course tha
building of gives a very direct outlet into Minnesota and Dakota; at
the Canadian Pacific differed very decidedly from that of the Sault connection is also made with the Duluth South
the United States systems that have grown so
rapidly dur¬ Shore & Atlantic for Duluth, though this latter is not con¬
ing the same years ; it had very substantial aid from the trolled by the company. Then there is a line extending
Government, the donations to it in the shape of land, from Quebec to Toronto and beyond, where connection for
money, road, &c., being exceedingly liberal, and on a Detroit and the roads centering there is made.
scale of greater munificence even than that
It must also be remembered that the company is at
granted to
early similar projects in the United States. It is to these present under no necessity to earn dividends. It has on
gifts in great part that the company owes its present good deposit with the Dominion Government a fund especially
financial position.
Still, the enterprise was one of large pledged to pav 3 per cent per annum on the stock until
The Canadian Pacific
has
Furthermore, the road ii very lightly bonded—
thank8 to the liberality of the Government. Counting the
whole of the new 15 million loan and the £750,000 Algoma
branch bonds issued this year, also in full the $6,650,000
Atlantic & Northwest bonds, and capitaUziog the
leased line rentals at 5 per cent, the total debt would
1893.
sand
roughly at about 95 million dollars on 4,960
miles
of road.
As to the results of
635
THE CHRONICLE
May 19, 1888.1
operations, they have not thus
far
dinary circumstances, the stoppage of traffic on such a
large system as that of the Quincy would have produced
quite different results—it would have caused the other
systems to be overwhelmed with business.
As regards the second feature alluded to above—
namely, the freight war in the Northwest—that was also
of great importance.
It is only necessary to say that
during its progress the tariff on some classes of goods
was reduced to a figure only about a third or a fourth of
the charge a year ago, the rates in many cases being below
the cost of the work.
With reference to the effects of
the blizzard of March 12, the recollection of that event is
still fresh in the minds of every one.
Suffice it to say
that during the continuance of the storm, every road in
and out of New York was blocked, while some roads, and
quite come up to expectations. For 1887 the report just
a surplus above charges of only $253,854.
But the conditions in that year were quite unfavorable.
In the first place, the weather in the early months was
very bad, snow storms of exceptional severity having
oeen encountered.
Then the grain crops of Ontario, we
are told, were very deficient.
Finally, the trans-conti¬ especially those to Boston and the East, were closed for
nental business was much of it carried at a loss, an the whole week.
Concerning the comparison with March, 1887, only a
arrangement with the United States lines not having been
words are necessary to recall how exceptionally good
few
reached till November.
The effect of the latter feature
Trade, as we have
is seen in the fact that the average rate of freight real zed both gross and net earnings were then.
often remarked, was unusually active, while the enactment
p3r ton per mile on all classes of freight, through and
local, was on’y 1 006 cent, against 1-45 cent three years of the Inter-State law, to go into effect in April, caused
before.
Besides, the company has not as yet had the merchants and shipners to rush freight forward with
To give an idea of the character of the
benefits to accrue from some of its new lines and connec¬ great rapidity.
that
exhibit
month,
it is sufficient to refer to the fact
Neither the Algoma branch (Sault St. Marie con¬
tions.
that the net showed a gain over the same month of
nection) nor the Atlantic & Nor hwest (short line to the
maritime provinces) is yet in full operation, though the the preceding year of $3,209,415, or 36 per cent, every
former will shortly be opened for business. With the com¬ group of roads showing enlarged totals, and there being
but six roads out of fifty-eight reporting that failed to
pletion of these lines resu’ts ought to be greatly improved.
Thus far in the current year, or rather up to the first of participate in the increase.
The results of this unfavorable combination of circum
April, gross earnings have increased $734,328, and net
stances in diminishing the earnings the present year is
$234,202, even without any help from that source, though
the road did no*, suffer so much from the effects of snow clearly indicated in the heavy losses by many different
roads.
Thus the March net of the Burlington & Quincy
blockades.
has fallen off $1,719,980, that of the Atchison $623,116,
DECREASE IN MARCH NET EARNINGS.
of the Reading $314,626, of the Grand Trunk $190,965,
The month of March will long be remembered as a of the Baltimore & Ohio $178,108, of the Louisville &
period in which the net earnings of our railroads were Nashville $150,559, of the Ohio & Mississippi $86,379, of
conspicuously poor. It is not likely that we shall soon, the Burlington & Northern $168,496, of the Denver &
if ever, see such an unfavorable comparison again.
It Rio Grande $117,313, of the Central of New Jersey
can certainly be affirmed that the exhibit has no parallel
$124,816, and of the Northern Central $130,799. With
in the past.
such
With the great engineers’ strike on the Bur¬
figures for leading companies, it is no surprise to find
that
lington & Quincy, the rate war in the West and North¬
every one of the groups or geographical divisions
into
which
we divide the roads, excepting only the Pacific
west, the blizzard in the East, while the comparison is
made with exceedingly heavy earnings last year in March— companies, shows lower net than in the same month of
with all these adverse circumstances affecting the result, 1887, though the two Mexican roads in the aggregate
it is not surprising that it should be decidedly unsatisfac* also show a slight gain.
There are only 26 companies that
tory.
report enlarged net this year, while 43 exhibit diminished
The effect of the engineers’ strike in diminishing traffic net, the falling off on the waole 69 roads reaching over
is but imperfectly recognized.
The general assumption 3£ million dollars, or about 25 per cent. The follow*
is that only the roads directly concerned suffered materi¬ iDg is a summary both for March and the quarter
ally. It is no doubt true that these were the heaviest ended with March, the latter embracing some of the
losers, but the matter by no means ended there. Tne quarterly reports made to the New York Slate Commis¬
issued shows
•
of the country
Our readers will remember the fear felt not
effects of that strike reached from one end
to the other.
only by railroad managers, but also by shippers every¬
where, lest the strike should extend to other sections and
finally involve a very large portion of the railroad system.
Furthermore, the disturbance exercised a paralyzing in¬
fluence upon trade and industry, so that the interchange
of commodities and the shipping and forwarding of
freight were, to an important extent, checked. Even in
the locality of the strike, there is no evidence that any
sion.
April 1.
(87 roads.)
Jan. 1 to
Month of March.
(69 roads.)
1888.
$
1887.
1
Irvc.or Dec.
t
1888.
$
1887.
$
Oper. exp...
34,590,318
24,280,516
30,654.279 -2,063,961 117,740,313 115,370,734
22,959,142 +1,327,374 84,002,279 76,333,401
Net earn’s
10,303,802
13,695,137 -3,391,335
Gross earn’s
Thus the
33,744,034
Inc.
or
Dec•
«
+2,369,579
+7,608,818
39,043,273 —5,299,239
falling off of $3,391,335 in the net for the
of $2,063,961 in the gross
month follows from a decrease
profited by the misfortunes of the Bur¬ earnings and an increase of $1,327,374 in expenses. We
have already stated that the Pacific section
shows
lington & Quincy. In fact, rival systems have"lost only
increased
net.
The
on
the
gain is heaviest
Southern
less heavily than the Quincy itself.
We have no figures
Canadian
Northern
P cific
Pacific
and
Pacific.
The
of net, but in the gross the Northwest lost $437,251, the
St. Paul $281,687, and the Omaha $79,394, indicating a has a trifling loss, owing to heavily increased expenses,
decided reduction in the volume of business.
Under or¬ and the California Southern a quite considerable loss owing
railroad system
636
THE
to the same circumstance.
Next
to the
CHRONICLE.
Pacific
section, the
very good showing.
Indeed, if it
were not for the loss of
$150,559 by the Louisville &
Nashville, this section, like the other, would exhibit in¬
creased net. Still, there are a few other Southern roads that
have done relatively no better than the Louisville & Nash*
ville.
However, exceptionally good results are furnished
by the East Tennessee, the Noifolk & Western, and the
Richmond & Danville, especially the company first men¬
tioned, which has increased its net Jrom $85,218 to
The East Tennessee management we are
$154,304.
Southern roads make
informed have
decided to
Gross Earnings.
Net
Earnings.
1888.
1887.
1883.
*
$
$
..(7)
10,290,829
Middle Western.. .(8»
Northwestern
..(6)
443,217
1,742,673
1,880,088
....
West of Missouri ..(3)
Pacific Systems.... (12)
10,910,681
3,183,331
404,040
162,493
def 92,741
3,845,8
2,450,550
507,276
\
1887.
178,692
1,040,927
1,219,225
8,257,584
3,375,251
2,922,367
1,525,102
1,247,513
101,474
.02;
759,053
4,238,587
5,252,345
665,472
560,137
1,021,75?
(6)
4,477,011
4,685,933
665,400
229,103
1,740,442
201,128
224,100
Total, 69 roads....
34,590,318
30,654,270
10,303,802
13,605,137
•
Eastern roads
.
Mexican roads...
or
Dec.
%
—410,078
-10,199
3,607,409
9,639,203
Southern roads.... (18;
Coal companies... (»)
Inc.
$
(10;
40,539.419
40,119,091
11,730,302
12,987.172
.16)
1,343,407
1,282,191
467,921
..(6)
0,259,752
8,910,433
6,239,811
19,916,510
12,365,241
466,182
042,937
8,955,514
1,411,730
2,780,573
5,401,704
17,423,279
7.443,859
1,610,316
7,043.' 9 ^
4,870,469
4,209,376
2,403,710
675,178
3 1'5.376.734
33.744.034
West of Missouri a 3)
5,301,230
Pacific Systems... .(12)
Southern roads... (IS)
Coal companies... (15)
Eastern roads... (15)
Mexican roads... ..(2)
25,012,715
•
Tntnl.
rondo
+452,834
—06,655
-501,029
—39,654
+4,913
-3,391,335
l3.238,Gw7
15,208,4v8
8,141,583
2,121,013
1
17*46
4,666,029
5,6 77,831
2,378,018
601,8'-1
39.043,273
-1,256,810
—1,739
-3.012,577
—1,374,843
+ 1,581,386
+204,440
—1,477,4? 5
+25,062
+13,297
-
5,299,239
Note.—included
under ttie iioaa of—
Trunk,
oaui.uoie x. uiiio. Grand
Trunk of Canada, Chic. A Grand
Trunk, Det. or. llaven A Alii., N. Y..Lake Erie A Western, Ohio A Miss, and
Pennsylvan'a (east ot Pi.ts. Sc E ie), and for the quarter the same roads (ex¬
cepting Halt. & Ohio) t- yether with Boston A Albany, IS. Y. Central, N. Y.
Chicago A St. Louis and Lake Shore A Mich. So.
Middle Western—Cairo. Vin & Chic., Cin. Ind. St. L. A Chic., Cleveland A
Canton, Det. Bay City a Alpena, Ohio River and Toledo & Ohio Central.
Northwestern—Burl. Cedar Rapids & Northern, Central Iowa. Chicago Burl.A
Quincy, Chic. Burl. & Nor., Keokuk A Western aud Minneapolis A St. Louis
Pacific.
Southern Roads—Cave Fear A Yadkin Valley, Carclina Central, Central of
Georgia, Ches. Ohio A Southwestern, East Tenn. Va. A Ga., Georgia Pacific*
Kentucky Central. Louisville A Nashville, Louisville New Orleans A Texas,
Memphis A Charleston, Nashville Chattanooga A St. Louis, Norfolk A West¬
ern, the five Kicb. A West Point Ter. ro-vdsand Seaboard A Koanoke.
(foal Companies—Allegheny Valley, Central of New Jersey, Northern Central,
Phila. A Reading, P. A R. Coal A Iron Co.. Pittsburg A Western, Summit
Branch, Lykens Valley and Western N. Y. A Penn.; and for t.he quarter the
same roads, together with Buff. Roch. A Pitts., Del. Lack. A West,
(two leased
Lues) and the three Del. A Hudson roads
eastern Comptwies— Baltimore A Potomac. Camden A Atlantic, N. Y. Ont. A
Western, Rome Wat. A Ogdensburg. Staten Island and West Jersey; and for
the quarter the *aine roads together with
Brooklyn Elevated, Dunkirk All.
Val. A I\, Hartford A Conn. Western, Long Island, Manhattan Elevated*New
York A New England, N. Y. Rutland A Montreal, Leh gh A Hudson and N. Y
New iraven A Hartford.
Mexican Ruuds—the Mexican Central and Mexican National.
pxcmjctailijl (Commercial g nrjlisTx pews
[From
our ovm
correspondent, j
London,May 5, 1888.
market has been gradu¬
ally hardening this week, and has finally reached 2 per cent,
or the same rate as the minimum charge of the Bank of Eng¬
land.
Early in the week business in three months bills was
done to some extent, subject to a change in the Bank rate, an
advance in the rate being generally expected.
That the
directors did not make the advance on Thursday is attributed
to the fact that on that day the Indian loan of £7,000,000 was
offered to the public, while at the same time subscriptions
for the new Egyptian 4^ per cent loan of £2,330,000 were
being received. But in view of the depletion of the stock of
bullion at the Bank, the total cash held by that establishment
being only about £20,250,000, it is fully anticipated that next
week the rate will be increased to 3 per cent.
Day-to-day
The rate of discount in the money
money, probably in consequence
has been in such demand that
of the
new
issues of capital,
operators have
gone
to the
Bank of England and paid as high as 2% per cent.
The direct
influences which have caused the rise in value of money of
late have been the continued
appeals to the money market for
new loans and capital, and the drain of gold to South Amer¬
ica, as well as the unexpected] shipments to South Africa. It
will be recollected that the Bank of England directors recently
advanced the selling price of gold
per ounce ; but not¬
withstanding this unusual measure, withdrawals for foreign
quarters have continued.
The immediate reason of the
decrease in the reserve—which for the week shows a falling
off of about £1,590,000—is that the usual spring withdrawals
of
gold for Scotch requirements have commenced.
this internal drain is
Of course
only temporary, and the gold will come
back very shortly, but the continuance of gold
South America will probably necessitate some
shipments to
further steps
part of the Bank to strengthen its position. Since the
end of March the Bank has lost about £2,750,000 of bullion,
but it is noticeable that in the same period the Bank of Ger¬
many has added to its stock about £3,500,000.
Two years ago,
on
the
position of the Bank of England was very similar to
is, except that the private deposits were some
£2,000,000 less than at present, it was deemed advisable to
raise the rate to 3 per cent, it having previously stood at 2 per
when the
what it
now
following return shows the position of the Bank of
England, the Bank rate of discount, the price of consol*, &c.,
The
compared with the last three years :
1888.
*
Circulation
Public deposits
Other deposits
Government securities
Other securities
Reserve of notes and coin
Coin and bullion
Middle West’ll....
Northwestern
Pacific Roads—California Southern, Canadian Pacific, Northern Pacific, the
Oregon Imp. Co., Oregon Ry. & Nav. Co. and Union
six f-outhern Pacific roads,
-741,949
April 1.
Trunk lines
Denver & Rio Grande and Denver
—2,033,668
-
Jan. 1 to
,
cent.
March.
Trunk lines
West of Missouri—Atch. Top. & Santa Fe
& Rio Grande Western.
a
charge all construction and
improvement expenditures to capital account, instead of
to operating
expenses; if necessary, outlays of this kiad^
will be met by the issue of new capital.
It will be seen by the table above given that the exhibit
for the quarter, like that for the month, is unfavorable.
This is natural, considering that in addition to the adverse
influences already detailed, there were some others earlier
in the year, such as the Reading coal miners’ strike.
The
lo33 in net for the three months reaches $5,299,239, or 13£
per cent, the exhibit covering 87 roads.
A few leading
companies, however, furnish more than the whole of thisFor instance, the decrease on the Atchison amounts to
$1,084,785; on the Burlington & Quincy, to $2,635,722;
on the
Reading, to $1,744,824. The trunk line group as a
whole have also lost heavily—$1,256,810.
in addition to
the three
leading companies—namely, the N. Y. Central, the
Pennsylvania, and the New York Lake Erie & Western—
this trunk line group
comprises the Nickel Plate, the Boston
& Albany, the Ohio &
Mississippi, the Lake Shore, and the
Grand Trunk roads.
Yet the Erie is the only one amoDg
them that has
managed to establish an increase T‘n the net,
all the otbers having suffered a decline.
Southern roads
have done quile well, the Louisville &
Nashville, the
Memphis & Charleston (the latter by reason of extraordi¬
nary expenditures), and three minor companies forming the
only exception to the rule. The Pacific roads, however,
excel all others, showing
a gain of $1,581,386, or nearly
30 per cent.
The California Southern is the only one
among them that fails to record larger net. The following
is our usual table
giving the summaries by groups, both
for March and the three months, the
figures in parenthesis
indicating the number of roads in the groups. It will be
observed that the reduced net for the quarter fo]lows; ex
clusively from increased expenses, the gross having been
$2,369,579 larger than in 1887.
now
[Vol. XLYI,
Reserve to liabilities
Bank rate
Consols
Clearinsr-House return.
1887.
£
£
• • •
"
5,717,320
24,953,490
8,623,73.8
24,71+409
22,770,334
26,481,222
14.754,754
14.581,498
18,738,052
21,28+835
14,497,134
20,688,287
17,780,159
24,878.077
17,749.712
19,657,548
11,716,270
20,230,085
p. c.
\oih
£
£
24,375,100
2 p. c.
1885.
25,04+900
7,013,565
24,734.415
0,332,5 <2
37*4
1886.
14,780.6 5
11,739,050
23,905/705
21.027,950 26,9 ?9,649
4SJ4
p. c. 39 3-16 p.c. 50 7-16 p.C*
2 p. c.
102 11-16
3 p. c.
101 3-16
3
98M
p. C.
P. C.
154,820.000 146,755,050 125.394,000 100.526,000
The Indian Loan referred to above
was successfully placed
price secured was much below what at one time it
was thought it would be.
When the loan was first announced,
dealings took place at 98, 2 per cent above the minimum price
at which tenders were receivable.
This did not long con¬
tinue, and now it appears that applicants at 7s. above the
minimum have obtained 67 per cent of the amount asked for,
and instead of the loan going at an average of about 98 the
average secured was only £96 9s. 7d., or only 93. 7d. above the
minimum price. The total amount applied for reached
but the
May
THE
19, 1888.]
637
CHRONICLE,
—-
-
£10,780,000. The Egyptian loan is said to have been applied
for in London and Berlin upwards of twelve times over.
In the four weeks
ended April 30, 1887,
3
...
consumption ex¬
months*
supply by over
supply has exceeded consumption by no less than 14,800 tons.
There have been some issues of American railway bonds,
While such modifications in the statistical position were
including £3,691,000 Georgia Carolina & Northern 5 per cent
going on, prices were being inflated, till from about £105 per
first mortgage bonds, offered by Messrs. J. K. Gilliat & Co.,
ton in the autumn the quotation for foreign tin was carried
at the price of £192 per bond of $1,000.
Messrs. J. S. Morgan
up to £170 at the beginning of this year.
The French syndi¬
& Co. have offered $3,000,000 4 p. c. bonds of the Western
cate has all along been buying parcels which came into the
Penn. RR., guaranteed by the Penn. RR. Co. at the price of
market for cash, but it left “forward” transactions severely
£20G per $1,000. The only other issue of importance has been
alone.
Speculators, recognizing the weakness of the bubble,
that of a Brazilian railway, Messrs. Morton, Rose & Co. having
have been persistently selling forward, and at length resolved
offered £1,000,000 5 per cent bonds of the Leopoldina Railway.
to make a decided effort to bring matters to a climax.
By
The fact of the Pennsylvania Railroad coming to this market
scraping together supplies from all quarters, they were in a
for so small a loan has been adversely commented upon, and
the announcement of only a 2% per cent semi-annual dividend position to break down the buying powers of the syndicate.
On Monday tin was nominally quoted at £166 per ton; it has
has caused much disappointment.
The break up of
since been dealt in at below £80 per ton.
There is some talk of an early consolidation of the various
the tin speculation has had a little influence on the copper
Telephone companies in this country, and it is reported that
market, but only a little. The spot quotation of copper is
already three of the most important concerns have condition¬
still maintained at over £80 per ton, but for forward delivery
ally agreed upon terms of fusion. Two titles of companies
there is a difference of £5 in favor of the buyer. The visible
have been registered, one of which will probably be adopted
in case the fusion is carried out.
The nominal capital of the supply of copper at the present time is 64,300 tons, or about
50 per cent more than at the beginning of the year.
The
consolidated venture is registered for no less a sum than
£10,000,000. The consolidation scheme is avowedly designed supplies of the past twelve months have been 72,700 tons,
while there has gone into consumption 57,500 tons; conse¬
for the purpose of treating with the Government in case it
carries out the design of purchasing the telephone enterprises quently supply has exceeded demand by about 15,200 tons.
For the corresponding twelve months of 1886-7 the consump¬
in the same way as it did the telegraphs some twenty years
tion was returned as 50,000 tons, with supplies 41,400 tons;
ago.
so that the consumption exceeded supply by 8,600 tons.
Cur¬
Messrs. Pixley & Abell write as follows on the state of the
tailment of consumption and increase of production have
bullion market:
naturally resulted from the price being double what it was
Gold—The demand for gold for the Continent has continued, hut to a
lesser extent. £363 000 has been withdrawn, and £13,000 lias been for the first nine months of last year.
paid in during the week. Arrivals have been £20,000 from West In¬
Speculation in the stock markets has been quieter of late
dies, £25,000 from India, £0,000 from River Plate and £7,000 from
Central America; total, £70,000. £16,000 has been sent to Bombay.
except in the American department. After three or four
Silver—Until the end of last week the market hardened, but on Tues¬
day weaker rates were received from India, and the quotation fell from weeks advance in prices of American shares, gradual at first
42 ll-16d. to 42 %d. The India Council Allotment was again unfavor¬
and by leaps and bounds at the close of last month, there has
able, and a further fall took place to 42%d., which is again quoted
to-day. £43,000 has been received from New York. The P. k O, been a reaction to a slight extent. The rise has been regarded
steamer takes £121,000 t<> Bombay.
with some amount of suspicion on this side, and the public
Mexican Dollars—There has been some inquiry for these coins, and at
413id. the arrival per Nile was sold. The total ill that steamer was
lias kept out of the market.
Had there been a steady frac¬
valued at about £25,000.
tional
The
quotations for bullion are
reported as follows :
May 3.
s.
gold, flne....oz.
Bar gold, contain’g
Bar
20 dwts silver..oz.
d.
77
April 20.
when
s.
.77
London Standard.
d.
d.
m
Bar silver
Bar silver,
77 10 ]4
77
May 3.
10H
Span.doubloons..oz.
S. Am, doubloons.oz.
oz.
42%
April 26.
d.
42)4
contain¬
42JJ
ing 5grs. gold.oz.
Cake silver
oz. ID 13-16
41H
Mexican dols... .oz.
42%
45 13-10
41H
materials, and espe¬
cially of metal?, has been followed in some directions by a
marked reaction.
This reaction may, however, be the first
step toward a more healthy state of business. The markets
for iron have been especially weak, the price of Scotch pig
iron having fallen to a lower point than at any time during
last year.
The average price of Scotch G. M. B. pig iron for
1887 was 42s. 3d., and the present quotation is 38s. 2d., while
Cleveland pig iron, which at the beginning of the year s^ood
at 33s., has declined to 31s. 3d,
In the steel industry, busi¬
ness is brisk, with prices at a low level.
In Lloyd’s “Register
of Shipping” it is shown that at the end of last quarter there
were 302 steamers building in the United Kingdom, against
247 a year previously, the tonnage being 539,000 tons, against
Lost autumn’s
“boom” in prices of raw
Of these steamers all but about 20,000 tons
The Cleveland iron trade returns published
show really satisfactory features for the first four
374,000 tons.
were
of steel.
this week
appreciation day by day, in
would have come
SILVER.
GOLD.
London Stan^lard.
1,300 tons, and the past twelve
ceeded
in; but operators
they saw New
held aloof and
all probability the public
who were disposed to buy,
York prices going up with such rapidity,
The Court of Appeals
waited for a reaction.
of the three judges, just de¬
with the transfer endorse¬
ment signed in blank are not negotiable instrument?, revers¬
ing the decision of Judge Kekewich. The case is commented
upon at some length in the London financial weeklies.
There has lately been a great improvement in the weather,
has, by the
cided that
unanimous decision
American Railway shares
vegetation is still very
but
backward, and the first days of
fairly for¬
of last month
quite seasonable. Mark Lane markets have been very
quiet, but firm. The arrivals of flour have been very heavy
during the thirty-four weeks of the season, having been equal
to 4,216,000 quarters reckoned as wheat, against 3,904,000
quarters and 2,743,000 quarters in the corresponding periods
May have been unusually cool. Farmers are very
ward, however, with their work. The rainfall
was
of 1886-7
and 1885-6.
The total imports of wheat and
wheat, and the native wheat, sold
reckoned as
thirty-four weeks of this and the two previous
the latter
as
under:
1887-8.
Imports of wheat
Native sales,
Total
seasons contrast
1885-6.
1886-7.
11,246,000 11.857.000 10,088,0 0
6,288,000 4,988,000 6,483,000
qrs. 17,537,000 16,845,000 16,571,000
passage for the United Kingdom is
and Hour—qrs.
wheat
.
The wheat
flour,
in the
and flour on
Stocks have decreased since the end of 2,144,000 quarters, contrasting with 1,976,000 quarters a year
shipments and home consumption are con¬ ago and 2,205,000 quarters two years ago.
siderably above the totals for the first four months of the
Bngllsli Financial Hlark«l«-Per Cable.
three previous years.
The home consumption of Cleveland
The
daily
closing quotations for securities, &c., at London,
iron for the last four months has been 605,000 tons, contrasting
with 579,000 tons last year and 460,000 tons in the same period are reported by cable as follows for the week ending May 18:
of 1886.
The shipments have been 298,000 tons, against 250,FrL
Thurs.
Wed.
Tnes.
Mon.
Sat.
London.
000 tons, and i22,000 tons the year before.
Included in these
41%
42
41%
42
42
d. 42i]6 99516 9H5lfi 99% 6 99%6 99
shipments are the foreign exports from the Cleveland district’ Silver, per oz
Consols, new 234percts. 99^10
99%
99%q
99 7j 6
00% o
99% «
viz.: 138,000 tons, against 112,000 tons and 82,000 tons in the
99716
do
for account
82-52%'82-5(> 82-6i),K 82*5o 82-62%
months of the year.
January, while
c
previous two years.
This growth of shipments
has been in
contraction of the demand for the United States,
It has been evident for some time that the fictitious price to
which tin has been carried could not be maintained. The
face of
a
statistical
the rise.
'was
going quite against operators for
year ago the visible supply, Europe and America,
11,000 tons. It now amounts to 25,000 tons*
position has been
A
under
Fr’ch rentes (in Paris)
U. S. 4*28 of 1891
U. 8. 4s of 1907
fr.
Canadian Pacific
Chic. Mil. <fc St. Paul....
82*10
x
108% 108%
108%
108%
103%
129%
61%
129%
59%
74%
25%
123%
129%
129%
59%
53%
53%
31
31
54
.31%
108
108%
129%
61%
75
Erie common
25%
123^
Pennsvlvania
54
stock
Illinois Central
Philadelphia <fc Reading.
New York
Central
31%
108 34
75%
26
123%
53%
31%
108%
108%
59%
74%
25%
123%
74%
25%
123%
109%
129%
60%
73%
25%
123%
53%
31%
108
638
THE CHRONICLE
©oturajerclal and iHisceUaueotts Hems
Imports
.
and
Exports
Week.—The imports of last
week, compared with those of the preceding week, show a
decrease in both dry goods and
general merchandise. The
total imports were $8,257,804, against
$9,059,294 the pre¬
ceding week and $6,609,688 two weeks previous. The exports
for the week ended May 15 amounted to
$6,673,413, against
$4,956,993 last week and $6,146,520 two weeks previous.^ The
following are the imports at New York for the week end¬
ing (for dry goods) May 10 and for the week ending (for
general merchandise) May 11; also, totals since the
beginning
of the first week in January:
for the
FOREIGN IMPORTS AT NEW YORK.
For Week.
Dry Goods
1885.
|
1886.
|
Gen’l mer*dlse..
$1,155,995
5,166,231
$1,662,126
C,428,976!
Total
Since Jan. 1.
$6,322,226
$8,091,102
Dry Goods
Gen’l mer’dise..
1887.
|
1888.
$1,695,443!
$1,851,197
6,080,129,
6,406,107
$38,319,348
100,739,154
$46,193,419
116,055,028
$48,995,214
124,317,231
$8,257,304
$52,922,235
126,437,580
Total 19 weeks. $139,058,502
$162,248,447 $173,312,445 $179,359,815
The
following is
statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending May 15, 1888, and from
January 1 to date:
a
EXPORTS FROM NEW YORK.
1885.
Forth© week....
Prev. reported..
1886.
$7,005,759
115,579,865
$6,680,009
100,955,399
1887.
1888.
$5,745,155
105,138,207
$6,673,413
lu3,050,682
Total 19 weeks. $122,585,624 $107,635,408
$110,883,362$109,724,095
imports of specie
ending
May 12, and
since January 1, 1888, and for the
corresponding periods in
The following table shows the
exports and
at the port of New York for the week
1887 and 1886.
Week.
Great Britain
France
507,479
Germany
West Indies
Mexico
South America
All other countries...
Total 1888
Total 1887
Total 1886
16,775
$579,384
43,260
529,433
Week.
Great Britain
France
$76,000
10,200
Germany
Mexico
South America
All other countries...
Of the above
can
gold coin.
were
$378,040
17,500
1,248
4,158,642
$
126,200
114,719
258,533
5,272,226
24,738,895
$1,768
2,606,506
917,499
197,271
9.5G1
154,838
134,195
750
-
$131,735
121,182
24,928
Since Jan. 1.
$3,954,920
187,809
6,400
17,488
39,967
343,975
$110,088
264,461
$4,647,177
4,025,923
4,613,516
Week.
9
Since Jan.l
110,589
9,127
134,297
6,473
10,696
4‘29,667
$242
38,825
7,604
585.150
imports for the week in 1838, $2,500 were Ameri¬
Of the exports during the same time, $71,417
American 9old coin
States court in the
pending case was agreed upon. The whole
amount of preferred stock authorized
by the articles of association is 65,000 shares, and of the common stock
35,000 shares.
Of these there are issued
63,420 shares of preferred and 32,982
shares of common.
New York Proyidence &
Boston—Providence & Worces¬
ter.—The stockholders of the N. Y. Providence &
Boston
(Stonington) Railroad have voted to ratify the lease of the
Providence & Worcester Road for 99
years from May 1, 1888.
The Providence & Worcester is authorized to
increase its capi¬
tal stock by $500,000, and if the New
York Providence &
Boston desires this increase it is to have the
proceeds of the
sale of this stock, (which would
probably bring 200, making
a total of about
$1,000,000 for improvements). The New York
Providence & Boston has also agreed
to pay the sum of
$25,000 per annum to the Providence & Worcester
Road, $10,000 of which is for the
payment of certain salaries.
Mercantile
Pacific
Repnblic
Chatham
1,209,0
83.9
472.3
1.465.6
3.214.9
1,000,0
1,000,0
1.546.7
422,7
1,600,0
300.3
772.3
491.1
217.7
321.6
969.1
263.4
North America
Hanover
Irving
Citizens’
Nassau
Market & Fulton
St. Nicholas
Shoe & Leather
Corn Exchange
Continental..
Oriental
663.2
Importers’ <fc Traders’
121.2
1.396.1
750,0
500,0
County....
Chase National
Fifth Avenue
Gentian Exchange...
Germania
United States
Lincoln
Garfield
Fifth National
Bank of the Metrop..
West tdde..-.Seaboard
Sixth National
Western National
1,000,0
214.7
300,0
250,0
200,0
750,0
116.7
36 4,3
-67,0
500,0
100,0
200,0
200,0
500.0
500,0
237,3
411,5
185,0
130.2
200,0
3,500,0
170.9
150,0
300,0
200,0
.60,762,7
712.1
636.1
50.381,5'36i.372,0
363.8
3,022,6
9.816.3
4.783.4
2.695.1
3.682.6
13,082,1
3,043,0
3,053,7
343.3
794.5
203,2
255.6
447.8
3,020,5
4,051,6
1.539.3
3,249,0
239.9
109.6
294,0
296,0
868,1
280.4
2,050,8
-
2,958,8
206,8
96.6
1,574,7
1,159,0
326,0
446,0
1,345,6
468,0
148,0
192.0
6.978.7
5.689.3
2,000,1
22,322,3
21,770,7
2.280.9
1.493.8
17,094,3
8,784,0
4,393,0
4,657,0
19,001,6
4.778.8
1,406,0
234.5
129.1
553,0
79.6
1.450.4
918,9
103,0
148.7
4.116.6
2.555.6
2,305,5
1.527.8
3.708.1
1,948,0
2,044,6
1.760.1
9.072,8
4.804.8
7.864.6
745.2
461.0
143.2
468.4
7< 0,0
253,3
2.651.4
7.602.4
3.864.4
2,661,0
2.535.5
15,934,1
322,3
814,6
4.198.9
250,0
1.485.1
3,106,0
14,421,0
258.4
2,186,0
1,397,1
12?,6
857.1
119.6
499,0
1,055,7
621.6
147.3
2.273.5
70.1
106.1
424.1
643.3
3.985.3
202.7
276,0
2,996,0
1,404,0
1,000,0
744,0
3,529,1
822,6
2.465.2
21,442.0
3.982.3
4.743,6
2,451,0
2,340,0
1.190.5
2.523.4
129.1
291 0
130.6
260.6
615.7
2.441.8
351.9
200,0
3.569.8
2,835,0
2.677.1
210,6
2.408.2
850.3
4,602,0
20.978.7
4.738.3
1,543 8
499,7
164.6
203.1
300,0
11.649.8
3.397,0
13,205,5
601.9
67s,1
134,0
3,428,0
195.8
496,1
638.4
362.5
,
141.2
465,0
487,0
470.7
3,162 0
5.452.1
845.6
1.189.3
8.245.8
7,858,0
10,848,8
783.4
744,4
4.350.1
1.852.8
3.128,0
6.424.8
4.659.7
2,100.0
19,597,0
16.807.5
1,955,6
1.339.4
17.519.6
7,154.0
1.799,0
101.5
567.5
194.5
263.7
5.611.1
421.5
7.799.2
510.7
1,071,2
2,6*8,8
237.1
1,071,8
283.1
336.7
3.678.1
1,500,0
2,000,0
240,0
250,0
3,200,0
2,000,0
300,0
Park
North River
East River
Fourth National
Central National
Second National
Ninth National
First National
Third National
N. Y. Nat 1 Exchange
Total
365,9
163.7
623,0
212.8
300,0
1,000,0
3.354.6
5.141.7
2,099,1
2,004,0
1.173.9
3.259.6
1.270.4
3,672,0
14,879,0
17,861,9
5.493.3
7.942.9
2.463.8
8.979.3
4.455.6
1,879,0
2.744.8
10,080,0
940.8
1,007,0
612.9
263,0
1,014,0
5.777.8
18.293.7
282,2
138.5
76.9
618.3
450,0
200,0
700,0
1,000,0
500,0
600,0
500,0
750.0
500,0
600,0
1,000,0
1,000,0
Peoples’
1888
Loans.
Specie.
$
$
Ap. 28 140,633.600 9.974,400
May 5 141.618.700 10.422,600
12 141.877.300 10,710.200
“
444.6
310.2
66,5
1,111,0
753.8
188.9
525.5
894.7
827.7
363.2
315.5
580,0
1,650,7
250,0
211.9
304.2
263.3
304,2
115,0
1,096,3
2.469.1
3,042,5
2,211,6
7.637.7
3.933.1
3.177.8
2.776.7
4,373,0
3.248.5
2.793.1
1.822.7
4.478.9
2,267,0
2.863.1
2,19f,4
8.305.1
84,188,1 35,046,5 388,161,7
L. T’nders. Deposits.* Circula’n.
$
$
3,349,100 108.74l.700
3.101.000 112.097,700
3,140.200 113.013,400
Philadelphia Banks.—The totals have
1888.
$700,861
911,598
Flint & Pere Marquette.—On May 16 the
annual meeting
of the stockholders of the Flint & Pere
Marquette Railroad
Company was held at East Saginaw. At an informal meeting
previously held the differences between preferred and common
stockholders were adjusted, and a stipulation
signed by the
attorneys of the respective parties to the suit that the common
stock should be allowed to vote at the
election and should
have it* representation on the board of four
directors out of
eleven. The form of a decree to be issued
by the United
.
1,000,0
5,000,0
roadway
3,686,0
9.198.4
2.711.6
$
10,420,0
Boston Banks.—Following are the totals of the Boston banks:
$12
42
200
300,0
600,0
233.7
5,557,0
141,0
1.641.1
1,127,0
2.754.7
os its.
2,656,704
Cleveland & Mahoning Talley.—This
Company has au¬
thorized the issue of $2,000, 000 first
mortgage bond tos take
up old bonds and provide means for a double track from
Cleveland to Youngstown. The road is leased
by the N. Y.,
Pa. & O.
-
Commerce
4,150,449
517.5
Dei
1,1^0,0
523,0
310,0
3.627, <j
9,065,0
11,542,2
2,279,0
Legals.
$
•2
8,715,0
7.402.6
790,0
300,0
200,0
200,0
600,0
300,0
1,200.0
5,0u0,0
Greenwich
Lratlier Manufact’rs.
Sevemh National
Stateot New York...
Ame:ic’i.n Exchange..
$
1,674,2
1.814.9
1,000,0
1,000,0
1,000,0
Speck.
10,380,0
1,112,7
3,000,0
Chemical
Merchants’ Exch’uge
Gallatin National
j
Butchers’ & Drovers’.
Mechanics’ <fc Traders
Loans.
1,5^9,9
2,050,0
2,000,0
2,001,0
City
Tradesmen’s
$4,021,638
Imports.
101,138
161,733
Since Jan.l.
4,785
$5,428,682
19,368
West Indies
Total 1888
Total 1887
Total 1886
Week.
Exports.
Silver.
$
2,000.0
Bank of New York...
Manhattan Co
Merchants’.
Mechanics’
America
Phenix
New York
Imports.
Since Jan.l.
55,130
Capital. Surplus.
Gerinan-American.-..
Exports.
Gold.
Banks.
(00s omitted.)
Bowery
EXPORTS AND IMPORTS OF SPECIE AT NEW
YORK.
X i A I,
New York City Bank Statement for the week
ending May
12,1888, is as follows. We omit two ciphers (00) in all cases.
>
$7,775,572
V oL,
$
89,803.300
90,0 -<4.000
89.055,100
Apr. 28
May 6
“
Lawful
Loans.
12
*Inoludlng the item “due
—By
Mon’y Deposits,*
$
23.580,600
24,770,100
25,351,700
$
87.621.100
88.818.100
89,018,300
Agg.Cl'ngs
$
$
6.481,200 83,406.997
6,480.400 107,024,809
0.315,600 88.749,784
been
as
follows
Circula’n
$
2,721.760
2.725,100
2,723,300
:
Agg.Cl’ngs
$
67,175.803
64,787,375
66,241,805
to other banka.'*
advertisement in the Chronicle to-day it will be
an
obierved that the stock of the Daly Mining
Company of Utah
is offered at $16 per share by Messrs.
Launsbery & Co., Mills’
Building.
The mining ground of this company embraces
and forms the western extension of the Ontario
Silver Mining Company’s grourd in the Uintah
mining dis¬
trict. Messrs. Lounsbery have been
remarkably successful
with their mines, and placed the Ontario stock here at
$20
per share, on which holders will have received by June
!
some $72 per share in dividends.
over
80 acres,
—The Homestake Mining Company announces its 118th
dividend of $25,000 (for April), payable at the transfer
agency
of Messrs Lounsbery & Co.
—The Daly Mining Company announces dividends Nos. 14
and 15 of $75,000, payable by Messrs.
Lounsbery & Co.
Auction Sales.—The following were sold
auction by Messrs. Adrian H.' Muller & Son:
p
130
13
3
100
Shares.
Kj H<\Ait
Prov. & Ston’gt’n S3. Co.185
N. J. Zinc & Iron Co
90
N.Y. Produce Exc’geBk. 108
Colorado Central Consol.
25
Q
Bonds.
Mining Co.
$1 9&100 per sh.
Keely Mot or Co $2 6°100persh.
Clinton File Ins. Co
80 ^
Ocean Blc. of N. Y. City.. $1
Nassau Bk of N.Y. City. 151%
Exchange Fire ins. Co ..103^
Cen. P’k N AE.R. RR. Co. 83
Julien Elect.Co.$15to$H p.sli.
TTtnnn
„
Vot’l
Tfclr
in
v
Pennsylvania Coal Co...264^
3 U. 8. Trust Co
.590
5 St. Nicholas Nat’l Bank..110^2
.
10
20
21
80
13
100
90
this week at
,
liquidat’n, 179 % p’d) $500 lot 1
$1,000 Cityof N.0.6s,due’92. 185^
$7,000 C’y of N.O. (Opfil.A G’t
West. RR. Co.) 6s,due’74..$7,000
$1,000 Androscoggin & Ken¬
nebec RR. Co., 6s, due 1891.1013t
$1,000 Monarch Parlor Sleep¬
ing Car Co. Trust No. 1, 6s...$225
$1,000 N. Y. County 7s, due
1891
UlA&int.
Mat
THE CHRONICLE.
19, 1888. J
The rates of leading bankers are as follows:
’ghp hauliers'
May 18.
DIVIDENDS*
The following dividends have recently been
Per
Cent.
Name of Company.
announced:
When
Payable.
Railroads.
Catawissa pref., guar
3k*
Delaware <fe Bound Brook (quar).
2
639
May
May
18
15
Books Closed,
(Days inclusive.)
Sixty Days.
Demand.
Prime bankers’ sterling bills on London..
4 87
4 89is
4 85kj®4 853*
Prime commercial...
4 85*404 85k*
Documentarv commercial
5 193005 18% 5 18*6*5 17*a
Paris (francs)
Amsterdam (guilders)
4O5,80 403q
4Ok»*4O®i0
9 5-*2 0 9530
Frankfort or ^Bremen (reicbmarks)
9578*96
United States Bonds.—Government bonds have been rela¬
tively active at the Board, and prices have been strong and
WALL STREET, FRIDAY, May IS, 1S8S-5 P. M.
advancing, particularly for the 4s, which are higher than they
The
Money Market and Financial Situation.—The have been for nearly a year. The purchases by the Secretary
week has been comparatively dull in financial matters.
The of the Treasury have been liberal (including the $5,293,250
purchases of bonds by the Treasury were of moderate amount taken to-day) at good prices. Below is a table showing the
until to-day, and there has been a tendency to advance the price amounts offered and purchased each day, together with the
of governments since the large takings of Friday the 13th.
range of prices.
The compilation of net earnings for the month of March,
which the Chronicle gives to-day, appears less satisfactory
4 Per Cents due 1907.
Per Cents due 1891.
than it otherwise would, owing to the large decrease on such
Offerings. Purch’es. Prices paid.
Offerings. Purch’es. Prices paid
leading roads as the Burlington & Quincy, Atchison, Reading,
*
$
t
$
&c., affected by the strikes, and also to the heavy increase in
287,550
267,550
126H-127
424,150
424,150 107&-108
Saturday
operating expenses on the Eastern roads touched by the famous Monday
127
108
208,550
159,600
147,600
205,550
blizzard of March 12.
But in the full quarter ending March
108
127
956,150
2,112,850
120,900
Tuesday....
110,900
31 net earnings on many roads were very good, considering Wedn’sday.
127
108
89,750
105,900
148,850
240,900
108
127
that the blizzard period was included in that quarter; the Thursday...
2,044.750
43,150
180,000
180,000
108
127
283,150
5.020,100 5,010,100
849,150
Lake Shore and Nickel-Plate figures, published this week, make Friday
a very fair showing.
Total.
10794-108
5,243,750 1,861,450 126)4-127
6,053,600 5,962,500
The animated bidding for the Baltimore & Ohio 5 per cent
bonds offered here and in London, and the fact that the whole
The closing prices at the N. Y. Board have been as follows:
amount was much more than covered by the subscriptions, has
given new evidence of the continued demand for good rail¬
Interest May
May
May May
May
May
16.
road bonds, and lends encouragement to parties having really
14.
15
17.
12.
18.
Periods
first-class bonds to bring on the market.
107
107
*106 t8
4**s, 1891
reg. (.-Mar. *196 So *10650 107
Recent prices paid for memberships in the different Ex¬ 4k*s, 1891
ooup. (.-Mar. *10770 *107% 108*8 *1O770 *1O770 *10778
127
127
127% 127**
reg. (.-Jan. *126% 127
changes in New York and other cities have been as follows: 4s, 1907
*127
127*0 *127*4
coup. ».-Jan. 12670 126% 127
New York Stock Exchange, $20,000 in May; Consolidated 4s, 1907
*121
*121
*121
*121
*121
& J. *121
6s, cur’cy,’95....reg.
*123
*123
*123
*123
*123
Stock and Petroleum, $1,000 May 15; Produce, $1,475 April 6s, cur’cy,’96
& J. *123
reg. J
*125
*125
*125
*125
‘125
& J. *125
cur’cy, ’97
reg. J
30; Cotton, $1,050 in May ; Coffee, $725 April 28; Real Estate 68,
*128
*128
*1‘28
*128
*128
6s, cur’cy,’98....reg. J r. & J. *128
‘130
*130 1*130
*130
Exchange and Auction Room, $1,160 in April; Boston Stock 6s, cur’cy,’99
reg. IJ. & J. 1*130 [*130
Exchange, $14,000 April 20; Philadelphia Stock Exchange,
This is the price bid at the morning board; no sale was made.
$2,700 in April; Chicago Board of Trade, $1,700 May 15.
The open market rates for call loans during the week on
State and Railroad Bonds.— State bonds have attracted
stock and bond collaterals have ranged from 1 to 2 per cent, little
attention, the business having been confined largely to
and to-day the rates were the same.
Prime commercial paper Tennessee settlement 3s, which have been moderately active.
is quoted at 4£@5£ per cent.
They close to-day at 71, against 70£ last Friday.
The Bank of England weekly statement on Thursday showed
Railroad bonds have shown a fair business and have been
a gain in specie of £101,000,
and the percentage of reserve relatively more active than stocks. The demand is still of a
to liabilities was 38, against 36 08 last week; the discount rate
healthy character, and well distributed. Prices continue firm
remains unchanged at 3 per cent.
The Bank of France gained in most cases, and nearly all have made some advance. In
3,075,000 francs in gold and 1,325,000 francs in silver.
the early part of the week Wheeling & Lake Erie lsts were ac¬
The New York Clearing House banks in their statement of tive and
strong, but they subsequently became dull. The M. K.
May 12 showed an increase in surplus reserve of $4,026,600, & T. bonds have been firm, and Fort Worth & Denver lst«
the total surplus being $22,196,675, against $18,170,075 the have
again advanced.
previous week.
Railroad and Miscellaneous Stocks—The stock market
The following table shows the changes from the previous
has
become dull again, and during the past week business has
week and a comparison with the two preceding years in the
been
quite limited. At the same time there has been less of
averages of the New York Clearing House banks:
the bearish tone which prevailed before, and
at times
the tone has been quite strong.
1888.
1887,
1886.
Diffr'n&s fr'm
The fluctuations, how¬
Prev. Week.
May 12.
May 14.
May 15.
ever, in all but
a
few
cases,
have
been
small,
where
and
$
any
important
changes
have
occurred
in
$
$
60,762.700 Inc.
250,000
Capital
special
stocks
they
have
in
the
direction
of
lower
been
50.381,500 fnc. ’,453,100
Surplus
values.
The condition of trunk-line affairs is less satisfactory
Loans and dlse’tH. 304.372.000 Dec. 1. 143.600 365,481,800 347.334.300
84,18s-. 100 Inc. 3,484,800 75,361,900 69,804.500 to the bull interest, reductions having been made in both East
Bpeole
Circulation
7,800 000 Dec.
3,900
8,277,900
7.855.100 and West-bound
freights, as is often the case on the opening
Net deposits
388.151,700 Inc. 4,638,800 375,742.200 368.220,500
35,046,500 Inc. 1,701,500 22,935,100 34,747,700 of inland navigation, but on rates from Chicago to the North¬
Legal tenders
west the adance of 20 to 30 per cent agreed on to-day gave a
97.037,925 Inc. 1,159,700 93,935,550 92,055,125
Legal reserve
Reserve held
119,234,600 Inc. 5,186,300 98,097,000 104,552,200 stronger tone to the grangers. There has been a further export of
$500,000 gold, though this is regarded as of little importance,
22,196,675 Inc. 4,026,600
4,161,450
Surplus reserve..
and the exchange market has been a trifle less firm. Another
Exchange.—Sterling exchange has been rather irregular feature acting against the market ha9 been the decline, late in
this week in the posted rates, though actual figures have been theweek, of afewstocks—fromspecialcauses—and thelesafavormore steady.
There has not been an active demand, and the able exhibits of earnings by some of the leading lines. On the
amount of business has been only fair.
Both commercial and other hand there are many favorable points; money continues
security bills have been in limited supply, the smallness of the extremely easy, and further large sums have been put afloat by
offerings helping the strength of the market in the latter part the Government bond purchases; the bond market continues
of the week.
Posted rates were reduced one-half cent early to exhibit a strong and healthy tone; the demand for new
in the week by some drawers, but on Thursday they were loans is still good, and the notable success attending the sale
restored, and all bankers are now asking 4 87 and 4 89£. of the new Baltimore & Ohio 5 per cent loan abroad was the
There has been a further shipment of $500,000 gold since our subject of general comment, and had a favorable bearing on
the prospective negotiations of Reading fours.
last report.
The most prominent stock has been Richmond Terminal,
To-day the rates on actual business were as follows, viz.:
Bankers’ 60 days’ sterling, 4 86£@4 86f; demand, 4 88£@4 89. which advanced early in the week, on the contest for control
Cables, 4 89 @4 89£.
Commercial bills were 4 85£@4 86. at the next annual meeting. Later there was considerable
Continental bills were: Francs, 5 18|@5 19|and 5 16| <45 17£; selling, attributed to the “directors' party,” and the price
reicnmarRs, 95f@95£ and 95£@95£; guilders, 4C£@40£, and declined more rapidly than it had previously advanced. The
extremes of the week have been 26 and 22.
Some of the
40£@40£.
The following were the rates of domestic exchange on granger stocks have attracted attention, Burlington & Quincy
New York at the under-mentioned cities to-day: Savannah,
having again developed considerable weakness. On Thursday
buying par; selling •£(§)£ premium; Charleston, buying $ St. Paul became active and declined on the exhibit of a
premium; selling £ premium; New Orleans, commercial, 75c. decrease in current earnings, but closed stronger to-day on the
premium; bank, $1 premium; St. Louis, 90c. premium; advance in Western rates. The market closed firmer under the
lead of Reading, which sold up to 63£.
Chicago, 50@60c. premium.
...
.
..
.
.
.
*
•
—
[VOU XLV1*
THE CHRONICLE
640
Active It It. Stocks.
Atlantic & Pacitic
Canadian Pacitic
Canada Southern
Central of New Jersey
Central Pacitic
Chesapeake & Ohio
1st pref.
Do
8
58 %
50
84
3 DU
%
*3%
'2 82
Do
2d pref..
Chicago Burlington & Quincy, j 1151*2
72%
Chicago Milwaukee & St. Paul. | „7_
f>o
pref.
Chicago & Northwestern
*\
110%
| 108 %
f)o
pref. |*142
Do
pref.
bo
*33
pref. i *107
Columbus Hocking Val. &Tol.
Delaware Lackawanna & West
Denver & Rio G., assessm’t pd.
109
107
*18
50
pref.
383s'
38%
22
22
1
10%
38%
Louisville & Nashville
Louis. New Alb. & Chicago...
.Manhattan Elevated,consol..
*30
92
Michigan Central
MIL Lako Shore *fe West
Do
pref
Minneapolis & St. Louis
Do
pref
*50
10%!
10
03
10%
38
38
92%
93%
90%
90
03
1
77
77
*8
89%
*55
88%
89%
*7
9
*7
*15
8%,
10
*14%
16%
14%
14%
77%
! *20%
Trans-Continental..!
2 1 34
19%
00%
23%
0 1%
j
!
pref.i
Do
Texas & Pacific
*20%
Do
new
Union Pacific
Wabash St. L. & Pacific
Do
pref
53%
*13%
25%
*52%
Wheeling & Lake Erie, pref..
ItlisceilaiieoiiH Stocks.
•Colorado Coal & Iron
•Consolidated Gas Co
Delaware & Hudson Canal....
3134
21
j
J
25%'
20%
24%
18
19
6134
25%
00%
253s
.
24%
24%
19%
011%
2 414
6Gi%
18
01
24%
00 %
00 %
92
*
*74
20 34
54
14%
27%
53%'
35
75
%'
24%
20%
53%
*13%
20%
53
24%
21%
54%
24%
20%
52%
*13%
15
27%
54
35%
*74
35%
75
*51
52
20
51%
*3134
74
108%
108% 108 34
*50
Oregon Improvement Co
j *50
Oregou Railway A Nav. Co... *94
3 4%
*9 4
Pacific Mail
Philadelphia Co., Nat. Gas
52
95
35
90
145% 145 *2
Pullman Palace Car Co
Western Union Telegraph
70%
Express Stocks.
:
10%
*02
10 %
142
! 110
\
73
■'135
Wells, Fargo & Co
70%
142
110
73
140
"51
*55
01
*55
do
88%
8%
*88%
91
8
10
11
77%
*88%
90%'
*7
*14
18
*7
*14
10
14
j
*55
*88
*7
8%'
02
91
25%
19%
01%
8%
! *72
20
07
92
3%
1
88%
88%
*136 140
Chicago A East. Illinois
j *41% 41%
Do
pref
| *92% 93
4
Cincinnati Wash. A Baltimore.1
*3
Do
pref.i *5% 5%
Mexican Central
I 15% 15%
25%
20%
53%
15
20
54
.
*74
74
100
3434
74%
75
1 99 3a 1 09
*51
94
52
34%
lo
34%
74%
TOO la 100%
53
53
94%
31%
94%
53%
94%
34 34
35
__
01
m
m
75
1093a 109%
53% 53 %
94
94
31% 34%
92
92%
75
70%
145
*■142
112
142
142
109% 110
*109
110
110
110
73
141
72
*130
Morris A Essex
N. Y. New Haven A Hart
Ohio Southern
*218
221
*11% 13
Oregon Short Line
Pitts. Ft. Wayne AChic
21% 21 %
*154 155
-Quicksilver Alining Co
Do.
pref
*9
*34
St, Louis Alt. A Terre Haute.. *30 %
St. Louis Ark. A Texas
*13
South Carolina
*8
Columbus A Hocking Coal.... *20%
New Central Coal
*10
Tennessee Coal A Iron
20%
Various Stocks, Ac. (Unlisted.)
Amcr. Cotton Oil Trust
j 31%
Pipe Lino Certificates 1
*
These
are
the prices
11
35
39
14%
9%
92%
3%
5
5
32*2
I 80% 87%
I
4%
1 *14%
221
13
*218
154% 155
*154
*9
*31
*218
*11%
*9%
*34
37
13
*8
11
35
37
13
9
21% *20% 21%
11%
27%
*135
*10
27
31%
80%
12
27
32%
87%
*11%
139
41%
92%
3%
4%
143
*138
! 109% 100%
71% 72
72%
140
*135
141
72%
131
721a
135
138
135% 130
*135
137
,*135
41%
41% 41% *41
41% 41%
92% 92%
92 I
92
*92% 92%
'
*21o
*4%
*218 " 221
13
*11
21 34 22%
154
154
11
*9
221
13
*34
13%
*10
3%
5%
3%
5%
*2%
*4%
3%
5%
*2%
5%
5
3
27
9
30
27
27
30
9
10
30
9
26
30
30
1
4
7
31
*8
9
11 %
*10
*20%
27%
*20%
31 %
31%
31%
80%
68
87%
jL,
bid and asked; uo sale was made at the Board.
35
221
221
13
*11
22%
23
*218
*11
23
221
13
23
153% 153% *153% 155
*9
*34
*30
11
35
39
11
35
*9
*34
13%
9
“
11%
27%
31%
89%
*8
9
*20%
21%
11%
*10
*10
20%
20 34
20%
31%
32
89
90%
31%
88%
t Prices from
20%
11%
20%
20%
*
31%
90%
both Exchanges.
7
11
18
3
23
27
5
30
16
3
28
23
1
10
3
3
1
30
2 38% Feb. 17
727; 30% Apr.
Jan. 18
408! 08% Mar. 29! 78
1,088; 103 Jail. 3:112 Jam 30
Mar. 291 55% Apr. 26
1,000; 45
770; 84% Apr.
1,780: 28% Apr.
250; 92
May
2,104 135% Apr.
20,940! 70% Apr.
300 137
350 100%
292 07
47 128
2
1
18 100% Feb. 15
3 140% May 15
o
79% Feb. 24
2
97
May
2j 38 »4 May
Jan. 23
Mar. 22 110% Apr. 26
4j 75% Apr. 24
Jan.
Jan. 19 139% May 7
Apr. 12 145
Feb. 10
Jan. 12 75
70
250 86
Apr. 2 99% Feb. 20
9 140% Feb. 10
Jan.
40 135
Mar. 19j 43% Jan. 30
400 40
2 94% Jan. 26
255 89% Mar.
30
2% Mar. 23 j
4% Jan. 9
3:
4 % Apr.
6% Feb. 24
550
....I
13% Mar. 5! 10% Apr. 23
3 142
Jan.
May 10
4*223 Jan. 16
Jan.
Apr. 20
Mar. 22; 13
Mar. 201 25% May 4
Jan.
5,155 May 14
Mar. 19 13% Jan. 12
Mar. 3l! 38% Jan. 10
33
100
150
35
11
100
1 5 lo
155
11
35
*30% 39
*8
Jam
i
*145% 147
140% 146% *145% 147
/0%
70%
70% 70%
70% 70%
145% 140%
41% "41
92% ; *92%
*2%
3% !
Apr. 30
Apr. 30
..
m
3534
95
88
*135
41%
Jan. 10
5
Jan.
1,170:
14% 14%' 13% i'i
*13%
.Tan.
75% 70% 19,095 70%
70% 77%'
70%
Jam
30
*8
10
*8
!
0%
10
j
*8
j *75%
Jan.
70%'
! 71
*75% 70% *75% 70%
Apr.
1,272 102%
10534 100 I 105 34 105% 105 34 105 34
Jan.
7551 l >%
14% 15
15
14% 14%
*14
Jam
30 03
07
08
1 *05
*05
| Gi% 05
Jam
50 28
30% *29% 30% *28% 30%
*29
Jan.
21% 25%.* 24% 25%' 29,010; 22%
24% 21 %
Jam
i
5501 53
55% 56 I
*55
*55
Apr.
40 34 41%
40% 41% 71,332, 29% Mar. 22 40
40% 41%
825j 11% Mar. 10! 18% J an.
10% 10%
*10
10% 10%
10%
305!
9
9% Apr.
734 Mar. 28
"8%
8%
8%
8%
834
380! 20
31
Apr. 2 33% Jan.
30% 30% *30
300
18% 18 34
15% Mar. 24 19% Apr.
18% 18%
*18% 18%
47 % 48%
2,110 41 % Mar. 31! 49% May
48 1
48
47% 47%
950 19% Apr.
3; 20% May
21%’
24
24%' 24
*24
2t34
51% 52
20,415 i 4234 Mar. 31 51% May
51% 52%
51% 52
Jan.
300 17% Mar. 27; 25
*20% 20%
20% 20%
2
20 34 May
21% 25% 40.170 17% Apr.
25
24% 25%
25%
Jan.
21 23
835; 15% Apr.
1834 19 1
19 % 19 % *183.4 19%
51% Apr. 2 07% Feb.
01% 03%
01% 01%
00% 01%
19
22
23%
Apr. 2 20% May
22
23%
24
25%
05 %
01% 01%
05
1,400 55 Jan. 0 09% Feb.
05 %
05
Apr.
30; 82% Feb. 13 92
91% 92
92
91% 91%
*9 L
*
29
28 34 29
400| 24 Mar. 27 30% Jam
29
*27
300; 03 Apr. 2| 73% Jam
07
*07
07%
07
07% 07%
Jan.
3 110
435 105% Apr.
114
114
111
114%
114% 114%
200; 43
Mar. 29! 62% Jan.
53%
53
Jam
585 89
Mar. 29 105
102% 102% 102 % 102% 102% 102%;
059 94
101%!
Apr. 2 114% Jan.
*100
101% 101
101
*100
350 20
Mar. 22 i 28% May
25% 25%
20% 20%
5,750 19% May loj 22% May
20% 20%
20 % 20%
2
58% Jan.
Apr.
53% 51%; 00,338 48
53% 54%
53% 54
Jam
12
Mar. 27 10
*13
14% *13
15
14%;
*13
May
Mar. 24 30
1,340 21
25% 25%'
24% 25
25% 25%
53% 53%'
2,200- 44% Jan. 3 57% Apr.
52% 53%
53
53%
75
Chicago A Alton
80
Mar. 27,104%
9%
Mar. 28'
Mar. 23' 18%
Apr. 19 18%
Mar. 24 89%
Mar. 29! 13%
Apr. 2: 80
Apr. 2 108%
Mar. 31 i 17%
2 73
Apr.
Mar. 31; 37
Mar. 9' 29%
Mar. 22 05%
-
35%
88
140
Mar. 27:
11
11
|
Inactive Stocks.
American Tel. & Cable Co
Atchison Top. A Santa Fe
Apr. 30
.
05
73
*135
Jan. 10
Jan.
3
Jan.
9
......
35%
*140
Apr.
Apr.
50
83
310
O
20%
*34% 35%
90
*94
145
145
703s 77
110
72
140
10%
02%
2! 50%
2| 84%
’
94%
*140
110
72
*133
91%
79%
02
93%
70
83%
31%
1%
3
0;
-
93
95%
94%
Feb.
.
39
*30
*91
92
Rome Watertown «fc Ogdensb’g *91
| *91
29%
29
29% *28
i *28% 30 %
•Be. Louis &, Sau Francisco
08
*07
08
Do
pref. *07% 08 1 08
115
*112% 114
114% *112
1st pref. *113
Do
fvQ
58
*50
fit. Paul & Duluth
j "50
103% 103%
103
102%
103
*102
Do
pref
100
102
100
*101
102
fit. PaulMinneap. & Manitoba. 102
Adams
American
United States
18%
49 34
49%
83%
31%
13s
*2%
83%
32%
Apr.
100
*
22
18%
39
92
|
*
;
Richmond & West P'tTerminal
49%
7934
02
*55
%!
*30
91
|
!
Philadelphia & Reading
*48
*19
51
14
14%
70% 78%
75% 77
10
*8
9%
10
| *8
70 %J *75 34 70%
*75% 70% *70
100
I 105% 100%. 105% 105%
100
15
15
*14% 15% *14% 15%
05
06
*05
08
*00
j 05
29
29
*29% 31%'
24% 24%
25%
2 i %
25%' 25
50 j
*55
55% 55%
'55 % 50
3934 4 0:4
40% 41%
40% 41
17
*10% 17 | *10% 17
17
8%
8%'
8%
8%
8%
8%
31
30 %
30% 30% *30
Do
pref.i *30
Norfolk & Western
j 1834 183% *17% 1734
48
48
47% 47%
i
48% 48%
Do
pref
9.-114 25
24% 25 I
L% 24%
Northern Pacitic
i 2
21%
52
51% 52
51% 52^
52%
Do
Peoria Decatur & Evansville,
38%
23%
93
79%
*7
|
39
79%
*15%
*13%
04
*02
I
Missouri Kansas & Texas
Missouri Pacific
i
Mobile & Ohio
\
Nash v.Cliattanooga & St. Louis
New York Central & Hudson.,1
New York Chic. & St. Louis... |
Do
1st pref. I
Do
2d pref.-.
New York Lake Erie & West’n
Do
pref. i
New York & New England....!
New York Ontario & West
!
New York Sustp & Western...'
Oregon &
*37%
64%
24%' 23% 23% *23% 24
*85
88
88
*80
88
I *85
30% 37
37
37%'
30%
30%
30% 305a
*9% 10
10 U
*9% 10
10%
*9% 10
120% 120% 120% 120% 120% 120%
120% 122
12%
11.
11% *11
*11% 12% *1 L% 13
*34
31%
35
*34
*35
35%! 34% 35
14 34 *14% 14%
14 a4
15
15 % *14
*14
45
!
45
45% 45%
45
45
*44% 45
90 34 91%
90% 91%
91% 9134! 91% 91%
92
92%
92% *91% 92%
*91
92% *91
50
56%
55% 50%
503s 50%
50% 50%;
Kingston & Pembroke
Lake Erie & Western
Do
pref
Lake Shore & Mich. Southern.
Long Island
pref
14
129% 130
128% 129%
*18% 19%
1
03
03
22% 24%
*85
88
St. Paul.
Ohio & Mississippi
143
110%
O t
107
*47% 50
25
*20
129% 129%
50
..
107
111
*47% 50
50
13%
*12%
*58
50%
1,100
7%
55%
4,235! 45%
5,175; 73%
835! 20%
8%
8%
58 3t!
Highest.
Lowest.
Shares.
Mar. 20| 33% Jan. 10
10
1
Mar. 20
5% Feb. 4
; 7
3% May
3; 10 Jan. 24
1 % Mar. 20
7
*2io
7% Feb.
*2io
Apr. 2 130% Jan. 27
114% iio% 114% 115% 13,170112
Feb. 24
703a 71 34 1G7,570; 07
Apr. 2, 78
71% 72 34!
1,010 109 Apr. 3 117 Apr. 27
114% 114%! 112% 113%
107% 109 | 107% 108% 30,555 102% Apr. 2 112% Apr. 30
3 145% Feb.
1
00 138
Apr.
143% 143% 143% 143%
1,828 103% Apr. 2,114% Jan. 27
110
110
109% 110
1134 Apr. 4; 14% Jan. 10
*12% 13%
1,310; 29% Mar. 31 38 34 Jan. 6
2,110; 32% Apr. 2 42 Apr. 30
37% 38
37% 38%
109
1
200,102% Apr. 3 11034 May
49
49
*48
*48
j 42% Apr. 2 53% Feb. 16
2l!
Jan.
9
22
25%
20% 20% *19
800, 17 Mar.
129% 129% 129% 129% 54,920 123% Apr. 3 133% Jan. 30
2
23
Jan.
10 15% Apr.
6
*18
10 44
Jan. 28
Mar. 24! 55
"49% 50
8 % Mar. 22; 10% Jan. 12
*9% 10%
*934 10%
l,27Gj
Feb. 23
200 55
64
Mar. 22 05
*02
03% *02
23% 23%
8,0^71 17% Apr. 2i 24% May 14
23% 23%
Mar. 22| 88% Jan. 10
88
84
88
*85
| *85
37
37%
2,40*0 323s Apr. 2 40% Jan. 3
37
37%
470!
7% Mar, 20: 11% Apr. 30
10% 10%
934 10%
739 114
Mar. 5,123
May 1
120% 120% *119% 121
Jan. 20
200
12%
9% Mar. 28, 14
*11
12% *11
350 i 27% Jan. 10! 37% May
34
1
*34
34%; 34
Jan. 30
100! 12% Mar. 22' 16
*14% 14% *13% 14%
44% 44%
44% 45 |
1,900; 40% Apr. 2| 47% Apr. 30
9
90% 91%' 90% UlV 33,413 85% Apr. 2, 95% Jan.
240 87% Apr.
9,i
923-4 92 %| *92
2; 93% May 4
9
55% 50%' 10,590! 50% Apr. 2 64% Jan.
55 % 50%'
200 j 30
38
30
Apr. 181 39 Jan. 10
36_l *35
7,2521 83% Apr. 3 98 Apr. 27
92% 93%
92% 93%'
1
9
205 j 72
Apr. 2 87% Jan.
115%
73
114%
109
110
*13
|
110
58%
49%
8334
83%
32%! *3134
*1%
4
*3%
Range Since Jan. 1,1888.
Week,
Friday,
May 18.
8%
*8
8%
GO
50
•>'
38*8
934 10%
Ga. R’y.
1st pref.
2d pref..
Evansville & Terre Haute
Fort Worth & Denver City....
Do
Do
Creen Bay Winona A
Illinois Central
Ind. Bloom. & West
Otf
*47
*19
Cleveland Col.Cin.&Indianap.
East Tennessee Va. &
37
109
110
14
110
*13
38% 38 34
& Oiu... |
Do
8%
8%
814
8%
8%
8U
00
59% *58
i *58
59 a4- *59
49
49%
50%
501a 50%
50 %‘
81
8448
82% 83%; 83%
84 I
32
32
j *31%
3218 32%
3134
*1%
*1'4
2 1
| *134
4
*5
*412
*234
1 *2%
*2%
'
110% 113% 115% 113%
UG% 115
72%
72% 72%:
7212 73%
73%
115 | 114%
110% 115 115 ! 115
108
1083* 108%
100 % 108% 109% *142
113% ■142
143
HI
13
Chicago Rock Island <fc Paeitic.*109
Chicago St. Louis A Pittsburg. *12
Chicago St. Paul Min.
May 14.
of the
Wednesday, i Thursday,
May 17.
May 10.
Tuesday.
May 15.
Monday,
Saturday,
May 12.
Sales
LOWEST PRICES.
HIGHEST AND
STOCKS.
SINCE JAN. 1, 1888.
EXCHANGE FOR WEEK ENDING MAY 18, AND
STOCKS-PRICES AT N.Y. STOCK
!l35
10 215
10
650 13%
89 151
...J 9
....
100
l.ilO
j
M ar. 2
Apr.
7% Apr.
Mar.
Mar.
24% Apr.
17
10
3
20
22
10
2
May 4
16% Jan. 16
41
9% Jan. 27
Jan.
9
14% Jau. 24
32% Jan. 30
30
25
Mar. 21 34% Jan.
5,100
Mar.
74% Apr.
17
6
May 19,
OP ACTITE BONDS AT N. Y. STOCK
BONDS—LATEST PRICES
Lowest.
May 18 Hay 11
20
l‘J*3b
1910
Fac.—W. D. inc., 6a,
19
Apr.
81*2b. 80
Jan.
Guar., 4a, 1937
Mar.
107*4b. 105
108*2
Can. South—let guar., 5a,
92 a.
89*4 Mar.
92%
2d, 5a, 1913
------ 107 b. 10G%1>. 1C4% Feb.
Central of N. J — let, 7a,
117 b. 111*2 Jan.
118
Consol. 7a, 1899
120 b. 115
Jan.
120*4
Convert. 7a, 1902
Feb.
104%b 102
Convert, deb. 6a, 1908^.
102*2
98
Jan.
10 *4
General mori., f a, 1987.. .... 113 *2 b. 110*4
112*2 Apr.
Len, & W.B.,eon.7a, 19u9,aa’nt
101*2 Jan.
107%a.
Ain. Dock & Imp., 5a, 1921. ..
116 b. 115 b. 113*2 Jan.
Central Pacific—gold 6a. 1898.. 114 b.
113*2 Apr.
83%
190b
1890..
"
........
Ban
Joaquin Br. 6a. 1900
b. 101
Land grant 9s. 1890
b. 102
Mort. 6a, 1936
b.
Chea. & O.—Pur. m. fund 6s, 9b
63
b.
6s, gold, ser. B, 1908, coup,
b.
Exten. coup., 4s, 1986
b. 16
6s, currency, 1918
102' l>. 102
Mort. 6e, 1911
-v —
106
Chea. O. &8o. W.—5-Ca, 1911...
100
ofi
_
Chlc.Bur. & Nor.—1st, 5a,
Chic. Burl. & Q.—Con. 7a,
Debenture 5a, 1913 —
Denver Di\is.,
1926.
1903.
4a, 1922
Chic. & Euat. ill - Con. 6s, 1934
Chic. & Ind. Coal K., 1st, os, ’36
Ch.Mil.ife St.P— lat, I.At
Consol. 7a, 1905
31.7b,’97
Div.—Co, 1910....
let, Chi. & Pao.W.Div—5a, ’21
Wifi. & Min. Div.—5a, 1921....
lat, So. Min.
Terminal 58,1914
Chic. & N. W.—Consol.
7s, 1915
Gold, 7a, 1902
Sinking fund 6a, 1929
Sinking fund 5a, 1929
Sinking fund debent. 5a, 1933
25-year debent. 5a, 1909..
Extension 4s, 1926..
Chi. R. I. & Pac.—6a, coup. 1917.
Exten. A col. 5a, 1934
Ch. St.P.,M.A O.—Couaol. 6a. ’30'
Oh.St.L.A Pitta.—lat,eon. 5a,’32
C. C. C. & Ind.—Consol. 7a, 1914
Gen. 68,1934
Col. Coal & Iron—lat,
.
98
b. 104
May
Mar.
93%
91
il4%l). 115%a, 113 J an.
96
97 %b. 98
Apr.
117 b. 114*2 Jan.
Ill)
127 b 123*2 Jan.
12 7*0
110*2 Apr.
113
b.
104 b. 101*2 Jan.
103
100
Jan.
103
Jan.
100
102%b.
140 b. 139*2 Jan.
14011
128*2 Jan.
132 P, 13H2
118 b 118% Apr.
120li
106
107%
Apr.
107-8
109 ^b. 109 b 107
May.
103%b. 104
1041}
May.
94 b.
91*2 Mar.
95 *hb.
b. 104
165
107*4*
123 b.
97
5 28 b.
113
10o%
69 %b.
70 a.
lln*2L>.
78%
VI %b.
’31
133*2
106%
122*2
7a, ’05 70*2a.
Det.Mac.&M.—Ld.gr.3*2fi,1911 35 a.
£.Ten.V.& G. Ry.—Con.,5a, ’56 10L%b.
1902.!
1920 1341*
130*2 Apr.
Mar.
104
119*2 Jan.
b. 97
b. 123
97
120
113
106
63 %b
Aaaented
Den. So. Pk. & Pac.—1st,
May
Jan.
107*2 Jan.
Jan.
Mar.
Mar.
100
b. 63
63
a.
68
70
118*2 May
78%
73
65
b.
75
71
60
76
35
101
b.
76*2 May
a.
34*2 Jan.
95% Jan.
Mar.
S6
132*2 Mar.
Ill
Jan.
115
Apr.
94*2 Feb.
77% Apr.
101*2 Fcl).
98
Apr.
90
Mar.
25
Apr.
99%
134*4
115
Long Dock, 7a, 1893
115 b.
Con. 68,1935
N.Y.L.E.&W—2d con. 6a, 1969 971*
Ft. W. &Denv. C. - lat, 6a, 1921 887e
Gal.Har.A San.Ant.—1st, 6s,’10 105 b.
109b.
2d M., 7a, 1905
9u*2b.
Weat. Division—lat, 5a, 1931.
34 b.
Or'nB. W. ASt. P.—2dinc.se, 1911
GnlfCol.& San.Fe—lat,7a, 19091122
Gold, 6a, 1923
95 a.
Henderson Br.Co.—1st. 6a, 193 J iU'9%b.
H. & Tex. €.—lat M. L. 7a...... 118 b.
let, Weat. D., 7a, 1891
1117 b.
jll4 a.
b.
114
1I5%a.
97
87
103 *2b.
104 b.
90*6
37
a.
Mar.
Jan.
Mar.
I22*2a ;119
Jan.
94 %b.’ 94*2 Apr.
109
b.1107*8 Mar.
115
b. Ill
Mar
-.1112
Feb.
114
a.
112
102
b.! 65
b. 110
Apr.
65
Gen. mort. 6a, 1921, tr. roc... j 68 b.
Ind.Bl. & W.—1 at,prof., 7a, 1900 110 %b. 110
let, 5-6s, 1909, tr. reo
81*ie. I 80*36.1
2d, 5-6a, 1909, tr. roc
Eaat. Div.—6a, 192J, tr. rec..
81*4b. 80 *2 b.
15 b.
Income, 6a, 1921, tr. rec
Int. & Gt.Nor.—lat, 6a, gold,’19 104 ^jb. 102 b.
27*2
83%,
108*2
94*2
Mil. Lk.8h. A W.—lat, 0a, 1921. 118*2*'. 118%
I
Ashland Div.—let,6a, 1925....
Milw.
Nor.—M. L., 6s. 1910.. 110 b ! 109 l).
I07%b. 108 b
Extension, 1st, Gs, 1913
100 t*. 105 b.
Minn. & 8t.
Jan.
May
May
........
Jan.
108*2 Jan.
118
May
123*2 Apr.
3 04
A:r.
103
133
,i an.
Apr.
107*2 Feb.
95
Jan.
117*4 Fob.
100*4 Feb.
119
Apr.
128
May
114
Feb.
105*2 May
104
Mav
102*2 May
14/5
J all.
132*2 May
Feb.
Apr.
106*2 Apr.
95*2 Mav
133*2 Feb.
107 % Feb.
123
Apr.
100*2 Jam
129
Feb.
113
May
Msy
106
73% Jan.
75
121*4
79*2
73
68*2
81
Mar.
Jam
Feb.
Jan.
Jan.
43
Jan.
103
104
Apr.
Apr.
Jan.
137*2 Feb.
115
118
Apr.
Mar.
99% Ji n.
39*2 May
Jail.
106
105*2 Jan.
92*2 Jail.
38
A) r.
122*4 May.
97% Feb.
110
Jan.
117*2 May
116
114
May
Feb.
Feb.
Jan.
108*2 Jan.
80
May
May
112*2 Jan.
89*2 Jan.
65
Feb.
80
May
71*2 Jan.
88
Feb.
Feb.
09
75
Jan.
98
a. 96 %b. 39*2 Jan.
L. Erie & W.—lat g., 5a, 1937 ..llOS a. 109 %a. 101*2 Jan. no
LftkeSh.—Con.coup.,lat,7s,1900 1264* 126*46. 125 Feb. 127
126
Con. coup., 2d, 7a, 1903
125%b. 125 6. 122*3 Jan. 122
119
6. 119*2 May.
Long Island—lat, 7a, 1898
120 b.
Apr.
Kent. Centr.—Gold 4a, 1987....I 72
Knoxv. AO.—1st, 6a, gold, 19251 99
70*41).
69
f
114 b. 113%b.;lll
1st, consol., 5a, 1931
117*26. 116*2
Lou. & Nash.—Consol.,7a, 1898 li»%
108*6
N. O. & Mobile—lat, 6a, 1930. 11413b. 114*4
96*2
2d, 6a, 1930
9Skb. 98 b. 114
E. H. & N.—let, 6s, 1919
116 b 116 b.
109%
General, 6a, 1930
114% 114
106%
Trust Bonds. 6a, 1922
110*2 109*4
10-40, 6a, 1924
100 b. 101*26. 104
100 a.
50-yeur 5a, 1937
Lon. N. A. A Ch.-lst, 6a, 1910.
113%
Consol., gold, 6a, 1916
..
Mem. A Ch’laton—6s, gold, 1924
Metro. Elevated.—1st, 6a, 1908.
2d, 6a, 1899
Mich. Central—lat, con., 7s, ’02
Consol. 58, 1902
Miaa’riPac.—1st, cons., 6s,1920
90
105
Sd, 7a, 1906
Pac. of Mo.—lat, 6a, 1888
2d mort., 7a, 1891
b.
100
112
92
123
Feb.
Jan.
Jan.
114% Apr.
99% Feb.
Feb.
115
115
Feb.
104
Jan.
104*3 (102
106*2
126*2b. 126*2 '126
108 b. 108 6. 107*3
107*2 105 b. 107
115 b. 117 a. 115
102 %b. 102*4
Jan.
Fen.
May
116*4 Jan.
107*2 Apr.
Feb.
May. .130
May. 110*2 Jam
Jan.
108
prioe hui.aad “a” prioa ailced;
May
Alabama—Class A 3 to 5.. ...1906
..1906
Class B, 5a
..1906
Class C, 4a,
„
••••«•
109
100
105%! Missouri—6a
112
1
Asylum or
..1900 103*2
6s, 10-20
7
Arkansas—6a, funded.. 1899-1900
10 120
7a, Little Rock A Fort Smith, iaa.
20
10
7b, Memphis A Little Rock, iss..
10
7b, Arkansas Central RR
Georgia—7a, gold
Louisiana—7a, cons..
Stamped, 4a
—7a
1890
1914
.1890
105
100
91
105
105*2
Mar.
73*4 Jan.
63*4 Jan.
106*2 Jan.
50*2 Mar.
Mar.
90
b. 108*2 Jau. 1116
Jan.
105*2 Jam 105*2 Jan.
51
a
Feb.
43
Mar.-
91
129
103
81*2 Jam
b. 128% Jam
b. l< 3
May.
b. 132% Jam
a.
b. 127
Jam
Jam
Jam
Jam
Mar.
Apr.
Mar.
Jam
Jan.
Jan.
Feb.
Jau.
Jan.
b. 116
Apr.
1). 99*2 Jan.
117
118
105 %1> 106
35 b
35
b.
72 4b.
72
29
70
Mar.
Mar.
93*2 Feb.
130*2 Mor.
106*4 3Iar.
Feb.
Feb.
Jan.
90*4 Jan.
117*2 Jan.
135
Ill
133
130*2 May
110% May
107
113
93
114
31ar.
«J a 13
Jail.
3Iar.
•
83% Apr.
118
118*2
106*2
92*2
102*2
116%
118*2
1C6*2
40
76
31 ar.
31 ay
3Iay
May
Jan.
Apr.
Mar-
31 ay
Apr.
Jan.
........
..
62 b.
59
61
6.
Gen. mort. A term., 6a, 1905..
98% j 85
99%
Tol. A. A. A N. M.—lat, 6a, 1924
107
a. 101
Tol. A.A. A Gr.Tr.—1st, 6a, 1921 108*2 a.
93
99
98%
Tol. A Ohio Cent.—lat, 5a, 1935
Wab. St.L.
Mar.
100
May
1 91*2 Jam
94
Feb.
37
;;;;;;;;
Chicago Diviaon—5»,1910
84
Wabaeh—Mortgage, 7 a, 1909..
107
Tol. A Wab.—lat, ext.. 7a, ’90 109 %b. 108 b.j
llo
b. 108
b. 107*4
lat, St. L.Div., 7a, 1889
85 b.l 85
2d, extended, 7a, 1893
93
Com, couv., 7a, 1907
Great West.—1st, 7s, 1888 — 110
87
2d, 7a, 1893
83
b.
b.
103%
99*2
Wheel. A L;ike E.-
Apr.
31ay
104
107
1
A Pac.-Gen.,6a, ’20
64
A nr.
Jau.
Jan.
Jan.
Tol.St.L.A Kan. C.—lat.Ga, 1916
110*4b. 115 %b. j 114
Union Pacific—lat, 6a, 1899
b. 100*2
101
b. 101
Land grant, 7a, 1887-9
113*2
118%b. 118
Sinking fund, 8s. 1893
110%b. no b. 109*2
Kan. Pacific—1st, 6s, 1895
112
ni%b.| 109%
lat, 6a, 1896
112%b. 109 b. 114*2
Denver Div.—6a, 1899
109
i 101%
109%
1st couaol, 6a, 1919
106
b.ilOO
107
Oregon Sh. Line -lat, 6s, ’22..
73
a. I 78
Virginia Mid.—Gen. in., 5a, 1936 78*2
Jam
Apr.
Jan.
Apr.
Feb.
Fcl).
Fob.
Jan.
Feb.
119
Jam
Apr.
Feb.
Jan.
98% Feb.
90
Jan.
109
Jan.
Apr.
109
Apr.
Jau.
Feb.
Apr.
Jau.
Apr.
103*25.! 105*2
82
Apr.
85 b.j
103*8 i
98*2 >
llfc% May
104% Mar..
112*2 Jan.
112
116
May
Apr.
110*4 May
107
May
82
47
Feb.
Feb.
88*2 Feb.
Ill
May
9l
90
Jan.
99% Jam 103*2 May
94*9 Jan. 100*2 May
BONDS.
Bid.
University, due 1892
Funding
1894-1895
New York—6a, loan
1892
6a, loan
1893
North Carolina—6a,
Funding act
New bonds, J. A
old
JAJ
1900
J....1892-1898
Consolidated 4a
104
107
109
110
35
10
20
9
1910
1919
Ask.
94
120
Bid.
SECURITIES.
Rhode Island—6b, cou.. 1893-1894
102*3
Chatham RR
6a
110
59
.
due 1889 or 1890
Special tax, Class 1
91*2
Jan.
Feb.
Feb.
........
SECURITIES.
Bid.
1937..
108*2 Feb.
all ociio: prioas aud cue raugo a.’e fron actual, aale*.
STATE
SECURITIES.
..
3Iar.
Ill
100
b.
3ray
94% Jam 103
Oregon Impr. Co.—lat, 6a, 1910 102%b.
110%
108% Feb. 112% May
Ore. R. ANav.Co.—lat, 6a, 1909 112%
103
102 %b.
31ay
103
90*4 Jan.
Consol., 5a, 1925
99% Apr.
93*4b. 93
Jam
Oregon A Transcom—6a, 1922.. 96*4
110
31 ay
106
Jan.
Peo. Dec. A Evans.—lat, 6a, ’20. 109
106 *2a. 102
Mar. 107
3Iay
Evanav. Div—lat, Ga, 1920... 107
75 % Apr.
71
A pr.
70 b. 7 2 b
2d mori., 5a, 1927
59*4 Jan.
Apr.
Rich A All.—1st, 7a, 1920, tr. ree 12 %b. 52*2b. 51
115
115
Mar..
109
Jam
Richrn. A Dan.—Cone., 6a, 1915 114*fib.
Feb.
116
Mar. 118
Rocb. A Pitta.—lat, 6a, 1921... 118 b
113
Jan. 117
Apr.
116 b. 116b.
Consol., 6a, 1922
109%b. 107
Jam 110*2 May
RomeW. A Ogd.—1st, 7a, 1891. 110*2b.
104*8
100% Apr. 104*2 Mar..
101*2
Couaol., extend., 5a, 1922
102
93
Jam
103*2 Apr..
1( 3
St Jo. AGd.Isl.—lat, 6a, 1925
38 b.
41
Jan.
40
38 b.
May
5a,
2d, income,
1925
Il4%b. 112*4 Feb. 114% May
St. L. Alt. A T.H.—1st, 7a, 1894. Il4%b.
108
Fob. 110*4 Jan.
2d, M., pref., 7a, 1894
105
103
Jam
Apr.
i"ol*2b.
2d., M., inc., 7a, 1894
40
40 a.
40
a.
35
May
Apr.
Dividend bds, 6a, 1894
98
Jan. 104*4 Feb.
98%
St. L. Ark. A Tex.—lat, 6a, 1936 99
38
Mar.
48*2 Jan.
39 b. 40 a.
2d, 6a, 1936
103%
106*2 Mar. 111*2 Jan.
St. L. A Ir. Mt.—1st, 7a, 1892... 109*8
Jan.
106
105*4
U)5% May 112
2d mort., 7a, 1897
10i*4l>. 103% Apr. 105*2 Jan.
Cairo A Fulton —lat, 7a, 1891 104*2
83 a.
92*2 Jan.
80
84%
Apr.
Gen. Ry. A land gr., 5a, 1931.
Jan.
118 a. 113*4 Jam 118
St. JL. A San Fr.— 6a., Cl. A,1906 115*ab.
118*2 Jan.
115
b. 115 b. 115% Jan.
6a, Class B, 1906
Jan.
Jan. 118
115
b. 115*21*. 114
68, Claes C, 1906...
116*ib. 112*2 Jam 116% May
116%
Gen’l mort., 6s, 1931
b. 10o% Jam
104*2 May
104 b. 104
Gen’l mort., 5a, 1931
100
Jam 102*2 3Iay
So. Pac., Mo.—lat, 6a, 1888... 10^*2*). 10-%
112
Jan. 114*2 May *
St. Paul M. A M.—lat, 7fi, 1909. 114%b.
116
llb*2b.
Apr. 118*2 Jan.
2d, 6a, 1909
Mar. 116*4 Feb.
117
b. 116 b. 114
lat cons., 6a, 1933
98
31ny
96%b. 96*4 Apr.
red uced to 4 %s.. 98
Do
80
31
a r.
85% May
85*2
84%
Montana Ext. 1st, 4s, 1937...
95
92
b.
90
Jam
Apr.
Shenandoah Val.—lat, 7a, 1909.
36*4 Jan.
32
29
31
b.
Apr.
Gen’l mort., 6a, 1921
162% Feb.
Jam
97
101 b. 100*2b.
80. Carolina—1st, 6a, 1620
85
Feb.
81
a.
69
Jam
2d,6a, 1931
18% Jan.
13
13*2b. 15*2
Apr.
Inc., 6a. 1931
Mar.
111*4 Ai r. 116
So. Pac., Cal.—lat, 6a, 1905-12.. 114 0.
lo7
b. 107*4
105*4 Jam 108*2 Mar.
So. Pac., N. M.—lat, 6e, 1911.
51*2 Jan.
46 % b. 41
46 %b.
Apr.
Tex. A Pac.—Inc. A Id gr,7a. ’15
73 *2 Apr.
65
Mar.
70
70
b.
Rio Grande Div.—6a, 1930—
Mar. 113*2 Jan.
Feb.
Jan. 118
100*3 Feb. 103*2 Jan.
1104
fO
b. i 30
2d, inc., 6a, 1921
99*2 Mar. 102% Apr.
b. 1107*4 Apr. 113% May
I 87**4 Apr. 93 Jan.
ilOO
60
Highest.
121% Apr.
117% Jan.
........
13o
1921.
1921.
Omaha A St. L.—1st, 4s,
a.
105
98
112
133
110
2d, consol., 7a. 1911
Ohio Southern—lat, 6a,
May
110% May
102
109*21). 109%b. 107%
Construction, 5a, 1923
loT b. I66*4b. 102%
N. Y. A Nor.-1st, 5s, 1927
lll%b. 109
N. Y. Out. A W.—1st. 6a. 1914.. 112*4*).
92 %b.
90
92 %b.
N.Y.Sua.AW.—1st ref., 5a, 1937.
Midland of N. J.—lat, 6a, 1910 114 a. Il2*2b. 109
75
80 *2
117 b. 116 b. 112%
118
b. 115*2
118%
106
106 >4
102
Gen’l, 2d, coup.. 1933
92
90*4
92*2
G< il l 3d, coup. 63, 1937
103 b.
02
99%
N. Pac.Ter.Co.—lat, 6a, 1933...
114*2
Ohio A Mias.—Conaol., 7s, 1898. ll0*2b.
Apr.
Jan.
Mar.
104% Jan.
58
no
7a, 1906
N. Y. Lack. A W.—lat, 6a,
May.
114
113*2 Mar
1<5% Jam
103*2 Apr.
b. 127% May
1^7 *2*». I28
M)%
80*4 Jitm
N.Y.Chio.ASt.L— lat. 4a, 1937.. eo
114
Mar.
iL6*4b 116%
N.Y. Elevated—lat.
Jam
Apr.
Jan.
...
118*4 May
66
..
May.
Apr.
May
I13*2b.! 108*6 Mar.
115
Note—The letter “ b” indicates
Jan.
L.—lat, 7s, 1927
Imp. & Equip.—6a, 1922
67
j
Mo. K.&Tex.—Con., 6s, 1920...
58%
Consol., 5a, 1920
!
Consol., 7s, 1904-5-6
112
b.
Mobile & Ohio—New, 6a, 1927
lat, Extension, Ca, 1927
50
1st pref. debentures, 7a
91*8
Mutual Urn Tele.—8. f., 6a, 1911
Nash. Ch. & St. L.—1st, 7a, 1913 ioO
N.Y. Central—Extend., 5a, 1893 : 03*2%
N.Y.C. AH.— 1st, cp., 7a, 1903 131 b.
Fen.
121
Ill
Ill
Range since Jan. 1.
Lowest.
May 18 May 11
Highest.
21
Mar.
15
May.
98*2 May. 111*2 Jan.
77
Jan.
61
Apr.
70
1 70
Coupon, 6a, 1909
A)U*.
132%b. 132*3b
gold, 6a, 1904
Denver & Rio Gr.—lat, 7a, 1900
let con. 4a, 1936
Den. & R.Gr. W.—lat, 6a, 1911.
lat,Waco&N.7a, 1903.
2d, consol. M. L. 8a, 1912
.
b.
b.
b.
Railroad Bonds.
1(13*4 May
114% Feb.
107% May
115*2 May
115% Fen.
100
Apr. 103% Jan.
101*2 Apr. 104% Mar.
105*4 Feb. 114*4 Feb.
70% Feb.
62% Mar.
02
70*2 Feb.
Apr.
Feb.
28
16% Apr.
90*2 Jan. 102*2 May
103*1 Mar. 108*2 Jan.
.......
Gen.
Eliz. Lex. & B. Sandy—6a,
Erie- 1st. coned, gold, 7a,
-
b.
.
6a, 1900..
Col. H. Val. & Tol.—Con. 5a,
)».
b.
101
1( 2
110
67
67
17
EXCHANGE, AND RANHE SINCE JAN. I, 1888Closing.
Range since Jan. 1.
Closing.
Railroad Bonds.
Atl. &
641
THE CHRONICLE
1888.)
South Carolina—6a, non-fund. 1888
1893
Brown consolidated 6a
Tennessee—6a, old
1892-1898
Compromise, 3-4-5-6a
38
New settlement—6a
5a
3a
Virginia—6a, old
6a, consolidated bonds
94*4
6a, consolidated, 2d series
122
6s, deferred, trust rec
8
12
1912
1913
1913
1913
Ask.
109
3%
106
61
70
104
95
71
48
70
50
8*2
4*2107%
64
74
71*2;
THE
642
GENERAL
CHRONICLE.
QUOTATIONS OF
[vol.;xl\i
STOCKS AND
BONDS.
other quotations are frequently male per share.
gold; “ g’d,” for guaranteed; “ end.,” for enlorsi
for oonsolidated; “oonv.,” for convertible ; “s. f.,” for sinking fund; “ 1. g.,” for land grant.
Quotations in New York are to Thursday; from other cities, to late mail dates.
Quotations In New York represent the per cent value, whatever the par may be;
The following abbreviations are often used, viz.: “ M.,” for mortgage; “ g.,” for
Subscribers will confer a favor by giving notice of any error
Bid.
United States Bonds.
Ask.
4%s, 1891
1907
1907
Currency,
Currency,
Currency,
Currency,
Currency,
1895
1896
1897
1898
1899
STATE SECURITIES.
Alabama—Class “A,” 3 to 5,1906... I053g' 106
109 i
Class “B,” 5s, 1906
100%: 104
Class “C,” 4s, 1906
6s, 10-20, 1900
J & J 102%
7 j
Arkansas—6s, funded, 1899 ..J&J
7s, L. B. &Ft. 8.issue, 1900. A & O 10
7s, Memphis & L. R., 1899. .A & O 10
7s,L.R.P.B.&N.O., 1900..A & O 10
7s,Miss.O. & R.Riv.,1900..A & O 10
7s, Ark. Central RR., 1900.A & O
2
7s, Levee of 1871,1900
J &J
California—6s, funded debt of 18731'
New, reg. or coup., 3s, 1910
*
Dakota Ter. 5s. !0-20s of 1887
4%s, 10-208 of 1887
Diet. Col.—Con ^>.3-658,1924, cp. F&A
Cons. 3-65s, 1924, reg
Funding 5s, 1899
J&Jt
Perm. imp. 6s, guar., 1891...J&Jf
Perm. imp. 7s, 1891
J&Jt
Wash.—Fund.loan(Cong.)6s,g.,’92t
Fund, loan (Leg.) 6s, g., 1902 Varl
12
20
22
10
106
102
oon.
J&J
7s, 1914..J&J
Stamped 4 per cent
Baby bonds, 3s, 1886
Maine—3s, 1890-1929
F&A
A&O
War debts assumed, 6s,’89.A& Ol
Maryland—6s, Hospital, ’87-91 J&J
6s, 1890
8-658, 1897
Q—J
J&J
Massachusetts—5s, gold, 1891. A&O
5s, gold, 1894
J&Jt
M&8
M&N
5s. gold, 1897
Michigan—7s, 1890
Minnesota—Adi. 4%s,1912,10-30..
Missouri—6s. 1888
J&J
War loan, 6s, 1892-1894
War loan, 6s, 1901-1905
New Jersey—6s, 1897-1902...
6s. exempt, 1896
New York—6s, gold, 1891
J&JI
J & J
.J&J*
J&J*
J&J
6s, gold, 1892
A&O
6s. gold, 1893
A&O
No.Carolina—6s, old, 1886-’98..J&J
6s N. C. RR., 1883-5.... J & J H
Tennessee—6s, unfunded
Compromise bonds, 3-4-5-6s, 1912
Settlement, 6s, 1913
Settlement, 5s, 1913
Settlement, 3s, 1913
6s,
new bonds, 1886-1895...J & J
6s, consols, 1905. ex-coup
J&J
6s, consol., 2d series
J&J
6s, deferred bonds
Tax-receivable coups., from cons’ls
New3s
10-40s,
from 10-40s.
(Riddleberger), 1932. J & J
cp.
CITY
60%
70%
& reg., 3 to 5,1919.J&J
130
125
40
8
119
32%
M&N 115
M&N 102
Allegheny, Pa.—5s,cp., ’87-97.-Var. 100
4%s, coup., 1885-1901
Var. 100
4s, coup., 1901
Var. 105
Allegheny Co., 5s, cp., 1913.J&J§ 100
100
4s, not loan, 5-1 Os
100
4s, riot loan, 10-20s
100
5s,
do
10-208
101
4s, refunded. 5-20s. 1891-1906
Atlanta, Ga.—8s, 1902
J&J 116
Water 7s, 1904
J&J 112
J&J 106
6s, 1895-6
5s, 1914-15
J&J 102%
•
Detroit, Mich.—7s, 1892-93-94. F&A
J&D
3%s, 1911
Elizabeth, N. J.—New Is,1912..J&J
Evansv., Ind.—Water 6s, 19I2.J ftJ
5s, 1912
J&J
4%s, 1912
J&J
4s, 1912
J&J
100
105
135
120
112
..
100
163
163
151
137
108
103
M&N
131
122
123
118
108
M&N 105
M&N 102
A&O 101
M&N
J&J
M&N
M&N
4s, 1906
3%s. 1904
3s, 1907
Norfolk, Va -6s, 1914
Var
M&N 127
A&O 102
72
71
111
110
110
100
111
92
82
do
112
60
60
6s, funded
Indianapolis, Ind.—“D” 7*3,’99. J&J 110
68,1897
J&J 106
Jersey City—Water 7s, 1902
Var 117
Water 6s, 1907
J&J 108
Funding 6s, 1909
F&A 108
5s 1911
Hudson Uounty
1905
M&S 114
Hudson County, 6s, 1905
J&J 120
Hudson County 7s, 1894
JetD 112
Bayonne City, 7s, long
J&J 109
Kansas City, Mo.—8s, 1896
t 119
7s, 1896
1 U2
5*s,
38
*9 ’
32*
66
37
106
105
101
101
101
101
102
5s, 1905
t 102
Lawrence, Mass.—6s, 1894...A& Ol 110%
6s, 1900
A&OI 118
Long Island City. N. Y—Water.7s.... 103%
Louisville, Ky.—7s, 1903
Var 108
6s, 1897
Vart 103
10*40s, *ss, 1920
M&N 105
97
J&J
4s, 1923
Lowell, Mass.—68,1890, W. L.M&Ni 104%
Lynchburg, Va.—1901-1
J & J 110%
8s, 1905
J & J 126
Lynn, Mass.—Water loan,6s, ’94J&J 110%
Water loau, 6s, ’96
J&J 113%
5s, 1905
M&Nt 112
110
Macon, Ga.—6s
Manchester, N.H.--6s, 1894
J&JI 108
6s, 1902
J&J 115
101
4s, 1911
Memphis, Tenn.—Fiippin 4-6a .J&J 99*
Tax Disc., 4-ds
99*
J&J
TaxDist., 6s
...J&J 103
Minneapolis, Minn.-8s, 1892 .J&D ill
...
120
111
111
95
7s, 1905
Omaha, Neb.—Ss, 1891
Orange, N. J.—7s, long
Oswego, N. Y.—7s, 1887-8-9
Paterson, N. J.—7s, 1900
106
6s, 1901
4s, 1908
110% Petersburg, Va.—6s
7s. 1901
4%S, 1912-15
4s, 1113-17
J&J 123
103
95
J&J
8s, special tax
Philadelphia, Pa.—6s, 1899-’99 J&J
6s, new, reg., due 1905
J&J
Pittsburg, Pa.—58,1913
J&J
Var.
6s, 1912
7s, water, reg. &cp., 1898...A&O.
4s, 1915
J&D
Portland,Me.—6s,RR.Aid,1907M &S
4s, funded, 1912
J&J
Portsmouth, N.H.—6s, ’93, RR. J&J 1
Poughkeepsie. N. Y.—7s,water longf
Providence, R.I.—5s,g.,1900...J&J t
6s, gold, 1900, water loan.. J & Jt
J&D
4%s, 1899
3%s, gold, 1916
.....M&S
Rahway, N. J.—Old 7s
New adjustment, 4s
Richmond, Va.—6s, 1914
J&J
8s, 1909
J&J
J&J
5s, 1920
4s, 1920
Rochester, N. Y.—7s, Water,1903..t
—
130
123
123
103
104%
114%
116%
110
97%
112
103
115
103
116
94
4s. 1912
St. Joseph,
F&A
Mo.—6s, 1903
117
135
129
96
120
110
133%
112
135
126
128
124
112
110
106
104
128
100
122
117
100
110
115
124
128
105
125
120
102
112
117
107
121% 123
101
103
107% 107%
138
111%
120
iii%
121
105% 106%
93% 95
35
80
90
114% 115
136
138
106%
93
86
141
10 J% 110%
98%
120
t 96
t 103
t 109
119
A&Ot
5s. 1915
.
..
...
102
Var. 107
109%
101% 102%
6s, 1904
7s, 1898
88 lfc97
103
106
114
124
F&A 90
95
Var.t 115% 118
4%s, 1916
114
95
75
100
F&A too
Comp’mise 4s, 1901
St. Louis, Mo.—6s, 1899
6s, gold, 1894
5s, 1900
4s, 1905
3*65s, gold, 1907
8t. L. Co.—6s, gold, 1905
105%
103
St. Paul, Minn.—4s, 1912
98
109
A&Oi 111% 114
J.&J 133
137
t 101%
i 116
J&J 118
118
128%
8s.....
130%
Ask
98*
J&D 116% 118
7s, 1895
N.Y. City—7s, 1900
6s, 1900
6s, gold, 1901
5s, 1903.
5s, gold, 1896
J&J 110
Hartford, Conn.—6s, 1897
10-25 years. 4%s, 18 >0-1903. J&J LOO
M&N
to 1919
to 1930
118
llo
109
Dallas, Texas—8s, 1904
10s, 1893-96
Water, 6s. 1900
Price nominal; no late transactions, t Purchaser also pays accrued iut3resc.
..Var.1 119
Var.1 115
Var. 132
New Bedford,Mass.—6s, 1909.A&O* 127
3%s, 1910
A&O 93
N. Brunswick, N.J.—7s, water, 1904 110
6s, 1906
Var 105
New Orleans, La.—Premium 5s
133%
Cons. 6s, 1923, extended
J&J 110*
5s, 1934
J&D 98
101
101%
109 % 111%
J&JI 100
58,1901
62% Houston, Tex.—10s
SECURITIES.
4i*s, 1916
J&J
Augusta, Me.—6s, 1905. Fund. J&Jt
Augusta, Ga.—7s, 1900-2
Var
6s, 1905...
;
J&J.
6s, 1910
7s, 1895
7s, Aqueduct, 1905
A&Oi L05% 106%
A&O
22
65%
35%
7-30s Water Works
4s, 1937, new
J&Dt
48
48
37%
Covington. Ky.—7-30s, 1890.. F&A1
Improvement 6s, 1898
108
125
70
8
dS
Hoboken, N. J.-7s. 1892
*4%
Albany, N.Y.—7s. 1910-16....M&N 137%
6s, 1915
4s, 1920
97
103
Boston, Mass.—Water 6s, 1908.Var 130
Water 5s, gold, 1908
Var 118
Water 4s. 1917
Var 109
Water 3 %s. 1917
A&O 98%
Brooklyn, N. Y.—Park 7s, 1924. J&J 160
Bridge 7s, 1924
J&J 160
Park 68, 1924
J&J 143
Bridge 5s, 1919
J&J 134
Bridge 4s, 1926
J&J 106
Water 3s, 1905
J&J 100
Buffalo, N.Y.—7s, 1914-5
J&J 136
Water 5s, 1898-9
A&O 104
Water 4s, 1L>04
M&8 101
Water 3%s, 1905
J&J 100
J&J
Belfast, Me.—68,railroad aid, ’98.. i
12% Fitchburg, Mass.—6s. '91, W.L. .J&JI 105
95
Galveston, Tex.—8s,1893-1909.M&8 101
122
5s, 1920
J&D 92
104
95
70%
7s, gold, 1904
J&Jf
Vermont—6s, 1890
J & D
Virginia—6s, old, 1886-’95....J & J
Do
Milwaukee,Wis—Water 7s, ’02.J&J 107
123
Water 3%e, 1911
109% 113
129% 132
M&Si 108
M&St 115
_
Q—J
4s, 1920
Var 93
Charleston, S.C.—Conv.7s, ’97.A&O 106
Conv. 4s, 1909
J&J 85
115%
Chicago, HI.—7s, 1892-99
113
112
6s, 1895
105%
106
4%s, 1900
100
107%
3-65s, 1902
Cook Co. 7s, 1892
106
106
Cook Co. 5s, 1899
105%
Cook Co. 4%a, 1900
91
91%
102
West Chicago 5s, 1890
52% 54
104*
Lincoln Park 7s, 1895
104% 105
105
102% 103
West Park 7s, 1890
103
100
South Park 6s, 1899
100%
Cincinnati, O. —7*30s, 1902 —J&J 129*
105% 110
7s, 190 i
Var
104% 105%
Var 122
6s, 1909
108% 110
6s, gold, 1906
M&N 122
114
113
4s, 1905
Var
105
Hamilton County 4s.
102
Cleveland, 0.-78, 1894.
A&O 114
103
L02
6s, 1900
M&S 115%
107
5s, 1907
J&D 109
102%
4s, 1903
J&J 96%
104
Var. L10
Columbus, Ga.—7s
120
118
110
109
ill
35
170
6s
do
7 coupons off .... A&O 140
6s, funding act of 1866,1900 J&J 10
6jb, new bonds, 1892-8
J&J 20
6s, Chatham RR
A&O
9
6s, special tax, class 1.1898-9A&0
4s, new, cons., 1910
J & J 93*
6s, 1919
A&O 119
Penna.—5s, new, reg., ’92-1902.F&A 112%
4s, reg., 1912
F&A
Rhode Isl’d—6s, 1893-4, coup.. J &J 112
South Carolina—6s, Non-fund.,1888.
4
Brown consols
106
7s, gold, 1892-1910
Bid.
.
Funding bonds, 1894-95
J & J
Long bonds, ’89-90
J & J
Asylum or University, 1892. J & J
New Hampshire—5s, 1892
J & J 104% 105%
Texas—6s, 1892
City Securities.
118% 119%
118% 119%
111%
Waer 3s, 1916
8s, Watu*, 1901
108%
F&A
5s, 1916
110%
Cambridge, Mass.—Water 6s,’96J&J 114% 115%
Norwich, Ct.—5s, 1907
108%
City 6s, 1904
J&J 124 127
120
ill
Market stock, 7s, 1892
Water stock, 7s, 1901
128
do
129
7s, 1903
Florida—Consol, gold 6s
J & Jt 103
Georgia—7s. gold bonds, 1890. Q—J 105
4i*b, 1915
.J&J 107
Louisiana—New
120
Bangor, Me.—Water, 6s, 1905..J&J 12*1%
E. & N. A. RR. 6s, 1894
J&J 106% 108
Batli, Me.—6s, 1902
Var 103 104
4%s, 1907
Oonnectio‘t—New,rg.,3 ’-28,1904J&J*
Kansas—7s, long
115
Ask.
Water 4s, 1906-7
J&J 95
Baltimore—6s, consol., 1890... Q—J; 104% 104*
reg..Q—M 106* 107
Mobile, Ala.—4-5s,funded,1906J&J 85
6s, Balt. & O. loan, 1890
Q—Jil03% 104
coup.. Q—M 10778 108%
107
Montgomery, Ala.—New 3s ..J&J 70
6s, Park. 1890
Q—Mj
reg... Q—J 127% 127%!
112
5s, new
96
6s, bounty, 1893
M& S|
coup.. .Q—J 127% 127%|
Nashville, Tenn.—6s, 1907
Var.
6s, bounty, exempt, 1893... M & Si--.--. 112
reg—J&J 121
107
Bridge 5s, 1905
A&O
5s, water, 1894
M&N 106% 122
reg
J&J 123
Newark—4s, 1906
100
6s, 1900
Q-J 120 122
reg—J&J 125
4%s, 1906
104
6s, West. Md. RR., 1902 ....J&J
reg—J&J 128
127%
127
5s, 1909
108
M&N
5s, 1916
reg—J&J 130
107.
4%s, 1891
4s,
4s,
6s,
6s,
6s,
6s,
6s,
Bid.
City Securities.
Austin, Texas—10s
UNITED STATES BONDS.
discovered In these Quotations.
...............
99%
122%
97
105
111
121
119% 120
t 124
126
Salem, Mass.—6s, ’98, W.L.A&O..I 115% 116%
5s, 1904, W. L
J&Jt 110% 112
Savannah—F’d 5s, cons.1909..Q— F 101% 102
122
130
116
118
112
A&O 107
Springtield, Mass.—6s, 1905..A&Ot
7s, 1903, water loan
..A&Ot
Toledo, 0.-7-308, RR., 1900.M & N f
8s, 1893-94
Var.1
6s, 1899
Var
120
112
LL2
5s, 1913
124
133
117
115
114
109
4s, 1913
Var. 92% 94
Washington, D.C.—See Dist. of Col.
Worcester, Mass.—6s, 1892...A&Ot 107% 108
116
122
A&O 113
114
4s, 1905
A&O 101% 103
3%s, 1905
J&D 95
95%
RAILROAD RONDS.
5s. 1905
111%
119
122
109
106
98
104%
111
128
111%
114
113
112
109
118
102
100%
100%
104
113
125
105
97%
j Cn Loudon.
(Bonds of companies consolid'led will
be found under the consol'd name.)
Ala. Gt. Southern—1st mort., 1908J 117
Debenture scrip, 6s, gold, 1906.. i 109
Ala. N. O. T. &c. 1st deb. 6s
2d debent. 6s, 1907
50
45
Alb’y & Susq.—1st M., 7s, ’88...J&J 103
Consol, mort., 7s, 1906,guar .A&O 128
Consol, mort., 6s, 1906, guar.A&O 121
lllegh. Val.—Gen. M., 73-10s.. J&J 115
East, extern M., 7s, 1910— A&O
Income, 7s, end., 1894
Atoh. Top. &S. Fe— 1st,7s,
Land grant, 7s, g., 1902
{
t
A&O
’99 J&Jt
21
120
A&Oi 118
Sinking fund,6s, 1911
J&Dt
Guaranteed 7s, 1909 .J&J&A&Ot
5s, 1909 (1st mort.)
A&Ot
5s, plain bonds, 1920
M&Sf
4%s, 1920
A&Ot
Col. Tr. 5s, 1937
.....F&A
Florence & El Dor’do,lst.7s. A&O t
K.C.Topeka&W.,lst M.,7s,g.J&JI
107
118
100
89*
99
122
111
55
50
103%
130*
116
23
120%
118u
107
119
100%
90
99if
9o% 95%
112%
123* 124*
do
income 7s.. A&O 114% 115
N. Mex.&9o.Pac.,1st,7s,1909A&Ot 119% 120
$ Part being redeemed,
Coupons on sinoe *d9
May
THE
19,1888. j
GENERAL
613
CHRONICLE
BONDS—Continued.
QUOTATIONS OF STOCKS AND
Explanations See Notes at Head of First Page of Quotations.
For
Ask.
Bid.
Railroad Bonds.
Bid.
Railroad Bonds.
Ask.
Bid.
Railroad Bonds.
Ask.
Cin. Rich. &Chic.—1st, 7s, ’95.J&,1 tl08
Chioago & Alton—(Continued)—
Atcli. Top. & 8. Fe—(Continued)—
116% Cin.Rich.&F. W.—1st, 7s, g...J&Djt
Louis’a &Mo.R.,2d, 7s, 1900 M&N
Pueblo & Ark.V., 1st, 7s, g.,1903. tll8% 119
Cin. Sand’ky & Cl.—6s. 1900..F&A tlOO
‘
103%
St.L. Jacks’v.& C.,lst,7e,’94.A&0 113%
Sonora, 1st, 7s, 1910, guar.. J&J 103
Consol, mort., 7s, 1890
J&D t 99%
do 1st guar.(564) ,7s,’94A&0 11378 115
Wichita&S.W.,l8t,7s,g.,gua..l902 t112% 113
Cln.&Sp.—7s, C.C.C.& I.. 1901. A&O 1<»7%
do 2d M. (360), 7s, ’98.. J&J 115%
Atlanta & Charlotte Air L.—1st,7s 120% 121%
7s, guar., L.S.& M.8., 1901..A&O 114
do 2d guar.( 188) 7s,’98.J&J 115
100% 100%
Income, 6s
75
83
100%
Cin.Wash.&B.—l8t,gu,4%s-6sM&N 100
82
Chio.& Atlantic—1st, 6s,1920.M&N
Atlantic & Pac.—1st 4s, 1937.. J&J
72
30
45
2d mort., 5s, 1931
73%
J&J
19% 20%
2d. 6s, 1923
F&A
W. D. Incomes, 1910
J&J
3d mort., gold, 3s-4s, 1931..F&a
38% 39%
95
Chic. B. &Q.—Cons.,7s, 1903..J&J 132% 132%
Central Division, old 6s
15
17
Income 5s, 1931
25
12
do
Bonds, 5s, 1895
..J&D tl02% 102%
incomes, 1922.
Scioto & Hook. V, 1st, 7s—M&N
32
5s. 1901
A&O t 105% 105%
do
acc. Id. gr. 6s. 1901
Balt. Short L., 1st, 7s, 1900..J&J
101%
5s, debenture, 1913
Baltimore & Ohio -New 4s
M&N 105
A&O 101
tl08% 109
Clearf. & Jeff.-lst, 6s, 1927 .J&J 111
108%
Iowa
Div.
107%
1919
5s gold, 1925
5s,
A&O
F&A
Clev. Akron & Col.—lst,6s,1926J&J 102%
98%
Iowa Div., 4s, 1919
A&O
Schuylkill Riv. East Side 5s, 1925 103
Gen. M., g., 5s, 1927
94%
il*2
M&s
F&A 93
4s, Denver Div., 1922
Sterling, 5s, 1927
J&D mo
89
94% 95
Cleve. &Canton-lst, 5s. 1917J&J
111
4s, plain bonds, 1921
M&S t 88
Sterling, 6s, 1895
M&S J103
92% 92% Clev. Col. Ciu. & Ind.
118
Neb. Ext., 4s, 1927
M&N
Sterling mort., 6s, g., 1902..M&S 1116
1st M.,7s,1899
124
.M&N 120 122
do
Bur. & Mo. R., I’d M., 7s,’93.A&0 tlll% 111%
6s, g., 1910. M&N 1122
Consol, mort., 7s, 1914
132%
J&D 128
do
Conv. 8s,’94 ser.J&J t
ParkersburgBr., 6s, 1919...A&O 117 123%
117
Cons. S. F., 7s. 1914
J&J
125
Bur.&Mo.(Neb.), 1st,6s,1918. J&J U16
Balt. &Pot’o—1st, 6s, g., 1911.J&J 123
Gen. eon. 6s, 1934
105
J&J
do
Cons, 6s, non-ex..J&J tl04
let. tunnel, 6s. g., g’d, 1911. A&O 124
Belief. & Ind. M., 7s, 1899...J&J 110
85
90%
84
do
4s, (Neb.), 1910... J&J t 90
Beech Creek— let,g’ld, 4s,1936,J&J
Clev.& Pitts.—4thM.,6s, 1892.J&J 107% 108%
do
Bell’s Gap—Cons, 6s, 1913
Neb.RR,lst,7s,’96A&0 tll2% 113
J&J 109
121
Consol. 8. F., 7s, 1900
M&N 125
do
Om.& S.W.,lst,8s,J&D tll9
Belvidere Del.—1st,6s,c.,1902.J&I) 119%
105
105% Clev.&M. Val.—1st, 7s,g.,’93.F&A
Ill. Grand Tr., 1st. 8s. ’90...A&O 105
F&A
Cone.4e, 1927
102
Colorado Mid.—1st, 6s, 1936..J&D
110%
Boston & Albany—7s, 1892...F&A tuo
Dixon Peo.&H., 1st, 8s,1889. J&J 101
111%
Ott. Osw. & Fox R., 8s, 1900. J&J tl26% 126% Coeur d’Alene.—1st, Os, 1916..M&S
J&J till
6e, 1895
Columbia & Gr.—1st, 6s, 1916.J&J 100%
100%
Boet. Conc.A Mon.—S.F.,6s,’89. J&J tioo
Quincy& Wars’w, 1st, 8s, ’90. J&J tl05% 106
70
2d mort., 6s. 1926
123%
A&O
Consol, mort., 7s, 1893
Atch’n & Neb.—1st, 78,1907 M&S tl23
.A&O tl07% 109
94
99
Col. & Cin. Mid.—1st, 6s, 1914.J&J
103
99%
Consol mort., 6s, 1893
tlC2%
Cbio.
Burl.
&
Nor.—5s,
1926...
A&O
99
99% Columbus Hocking Valley &T.—
Bost.H.Tun.&W. deb. 5s, 1913 M&S
98% 99
Debent. 6s, 1896
J&D
20
Con. 5s, 1931
68% 70
30
M&8
Boston & Lowell— 7s, ’92
A&C TlOS% 109% Chic. & Can. So.—1st, 7s, 1902 A&C
75
Gen. 6s gold, 1904
94% 95
J&D
6s, 1896
J&J tllO% 110% Chic Kan. & West’n.—1st, 5s, 1926
50
Col. &Hock.V.—lstM.,7s,’97.A&l > tl09
50%
100%
Income 6s
5s, 1899
J&J tioo
do
2d M., 7s, 1892. J&J tl02
104%
98% Cbio. & East Ill.—1st mort. 6s, 1907 118% 119
98
4b, 1905
M&S
tll3
115
Col. & Toledo—1st mort. bonds
Income bonds, 1907
41*8, 1903
M&N 102% 104
tioo
do
2d mort
112%
Boston & Maine—7s, 1893
1st, con., 6s, gold, 1934
A&O 114%
J&J tll2
109
Ohio&W. Va., lst.s.f. ,7s,19iOM&N
94% 95
Gen. con., 1st, 5s, 1937
7s, 1894
j&j 113>a 113%
M&N
109
Col. Spring! .& C.—1st, 7s,1901.M&S 106
90
113% Chic. & Gr. Trunk—1st mort., 1900
Boet. & Providence—7s, 1893.J&J Tl 13
107
Col. & Rome.—1st, 6s, gu.Cent. Ga. 106
9778 98
Boet.& Revere B’h—lst,6s.’97. J&J tllO% 112
Ch.& End.Coal R’y,lst 5s, 1936 J&J
A 1
110
Col.& West.—1st, 6s, guar Cent. Ga. 108
Bradford Bord. & K.—1st, 6s, 1932
Chic. & Mich. L. S. 1st 8s, 1889....
107%
Col. & Xenia—1st M., 7s,1390.M&S t
30
Bradf.Eld.A Cuba—lst,6s, 1932J&J
20
Chic. Mil. & St. Paul—
Conn. & Pa8sump.—M., 7s, '93.A&O tllO% 111
127% 128
loo%
P. du C. Div., 1st, 8s, 1898. F&A
Brooklyn Ele.—1st, 6s, 1923.. A&O 105
101
Massawippi, g., 6s, gold, ’89 J&J tlOO
2d mortg, 3-5s, 1915
P. D., 2d M., 7 3-10s, 1898..F&A 118
85% 90
J&J
26
Conn. West.—1st M., 7s, 1900. J&J
102
Bud. Brad.& P.—Gen.M.7s,’96. J&J
99
1st, $, gold, 7s, 1902
J&J 127%
i*2*i“
Connecting (Phila.)—1st, 6s ..M&S
Buft.N. Y. &Er ie— 1st, 7s, 1916. J&D 133
La. C., 1st M., 7s, 1893
J&J 115% ii6
86
Consol.RR.of Vt., 1st, 5s, 1913. J&J
80%
106
Buff.Rooh. & Pittsb.—Gen. 5s, 1937
I. & M., 1st M., 7s, 1897
J&J 118
Cor. Cow. & Ant.—Deb.6s, ’98M&N
BuU.ifc Southwest.—6s, 1908.. J.&J
90
Fa. & Dak., 1st M., 7s, 1899. J&J 120
Cumb. & Penn.—1st 6s,’91
M&S 102% 104
Bur. C. R.&N.—lst.5s,new ’06. J&D 102% 103
Hast. & Dak., 1st M.,7s, 1910.J&J 124% 125
85
Cons. 1st &col. tr., 5s,1934..A&O
71
do
5s, 1910
J&J 1018) 103% Cumberl.Val.—1st M.,8s,1904. A&O
Day ton & Mich.—Consol. 5s
J&J ti02% i‘04%
Iowa C. & W., 1st, 7s, 1909.M&S
Chic. & Mil., 1st M.,7s, 1903.J&J 128% 130
101%
3d mort., 7s, 1888, now 2d.A&O tlOO
C. Rap.I.F.& N.,1st,6s,1920. A&O
1st mort., consol., 7s, 1905..J&J 127% 128
130
Dayt. & West.—IstM.,6s,1905. J&J tllo
do
97%
1st M., I. & D. Ext., 7s, 1908J&J 127
1st, 5s, 1921
A&O
1st mort., 7s, 1905
J&J tlL7%
Califor. Pao.—lstM.,4%s,g.. .J&J ioo
1st M.,68, S’thwest I>iv.l909J&J 114% 115
Delaware—Mort., 6s, guar.,’95. J&J 110
2d M.. 6s, g., end C. Pac., ’91 .J&J 100
1st M., 5s. La C. & Dav. 1919J&J 105
•3d M. (guar. C. P.), 6s, 1905. J&J 103
So. Minn. 1st 6s, 1910
J&J 113 113% Del.& Bound B’k—1st, 7s,1905F& A 1131
12
123% Del.Laok.& W.- Conv.7s,1892,
do
55
do
Chic. & Pac. Div. 6s, 1910 .. .J&J 121
3s, 1905. J&J
130% 140
1
113
Cal.So.—1st 6s (Atch. guar.)..J&J 112
do
West Div., 58,1921. J&J 105% I05%r Mort. 7s, 1907
118%
Income 6s, 1926
Chic. & Mo. Riv. os, 19-6
J&J 1007«
87% 87%
M&S
78% 78%
1st con. 4s, 1930.
Camden & Atl.—1st, 7s, g.,’93.. J&J 111
Mineral Pt. Div., 5s, 1910...J&J 100
74
102
2d mort., 6s, 1904
&
Chic.
L.
Sup. Div., 5s, 1921J&J
A&O
64
05
do
assented
104
103%
Cons. 6s, 1911
Wis.
&Minu.Div.,5s,
192L...J&J
J&J
76%
102
Denv.S.P.&Pac.—1st,7s,1905
M&N
Canada So.—IstM.,guar.,1908,J&J 10770
Termmla os, 1914
J&J
85% 87
DesM.& Ft.D.—Guar.4s, 1905. J&J
2d mort., 5s, 1913
92% 92%
M&S
Dubuque Div., 1st, 6s, 1920. J&J 114% 115
54
1st mort., guar., 2%s, 1905
99% 100%
97**
Wis. Val. Div., 1st, Os, 1920.J&J
97%i
Cape Fear &Yad.Val.,1st,6s, 1916..
85
1st mort., guar 4s, on extension.
122%
IcO
Carolina Cent.—lst,6s,g.,1920..l &J
Fargo & South.- Os, ass. 192 4. J&J
95
97
| Det.&B.C.lst,8s,en.M.C.1902M&N
2d, inc., 6s, 1915...
Inc. conv. sin. fund /s, 1916. J&J
a&o
Det. B. C. & Alp.. 1st,6s,1913
107% 108
9530 97
3d, inc., 6s, 1910
Dak. & Gt. So. 5s, 1910
J&J
1116 119
Det.G.Haven&Mil.—Equip.6s,1
Catawissa-Mort.,78,1900....F&A 121 124
Chicago & Northwestern—
119
1110
75
Cedar F.&Min.—1st, 7s, 1907. J&J
Consol., 7s, 1915
Q—F 140
118% 119
Cedar R.& Mo.-lst, 7s, ’91...F&A tIo5
105%
Consol., gold, 7s, cp., 1902..J&D 131%
35
Det. Maok.& M.—Ld. gr. 3%s, S. A.
let mort., 7s, 1./16
M&N 132% 132%
Sinking fund, Os, 1929
A&O 120
Dub. & Dak.—1st M., Os, 1919. J&J
2d mort., 7s, 19u9, quar
117
do
A&O 107% i08
58,1929
J&D H14
Dub.&S. City—lst,2dDiv.,’94. J&J 112
Cent. Br. U. Pac., late, 6s, ’95.M&N 104
do
debent., 5s, 1933.M&N 109%
Duluth & Iron R.—1st,5s,1937./
92% 92%
95 78
Fund, coupon 7s, 1895
Exten. bds. 4s, 1880-1926...F&A
M&N 105
85
84
D iluch S Sb & Atl.—5s,1937.,
104
104%
Atch.& Pike’s Pfe, 1st. 6s, g. M&N 104
25-yrs. deb. 5s, 1909
M&N
.
.
m
m.
m
m
.
.
.
m
.
—
.
9
......
..
....
....
......
■
_.
.-rnrnmm
,
......
Atch.Col.&Pac.,lst,6s,19050.—F
Atoll. J.Co.&YV., 1st,08,1905.Q,—F
Cent, of Ga.—1st, cons., 7s,’93.J&J
Collat’i trust 5s, 1 *37
M&N
Ccm. iuwa—New 1st., 7s , ’99. J&J
Inc. bonds,“ debt certs.”, 7s,A&O
Eastern Div., 1st, 6s, 1912..A&O
Bis. Div., 1st, Os, 1912
A&O
Cons., gold, 6s, 19*4
J&D
Ceni. RR. oi N.J.— 1st, 7s, ’90.F&A
Gen. mort., 5s, 198'
J&J
7s, conv., 1902
M&N
Consol. M., 7s, 1899
Q—J
Conv. deben. 6s, 1908
M&N
Am. Dk.& Imp. Co., 5s,1921.J&J
Leh.& Wilkesb.Coal,inc.,’88,M&N
Consol., 7s,gold,1900,ass’d.Q-M
Cent. Ohio—1st M.. Os, 1890..M&S
Cent. Pac.—1st, Os, gold, 1895 .J&J
let, Os, gold, 1896
J&J
1st, Os, gold, 1897
J&J
let, 6s, gold, 1898
J&J
S .Joaquin, IstM.,6s, g. 1900. A&O
Cal. & Oregon, senes B, Os, 1892
oal.& Or. C.P.bonds, 6s,g.,’92 J&J
Land grant M., Os, g., 1890. A&O
Mortgage bonds, Os, 1930... A&O
West. Pacif., 1st, Os, g., ’99..J&J
CLarl’te Col.&A.—Cons.,7s,’95.J&J
2d mort., 7s, 1910
A&O
Des M.&Minn’s,1st,7s,1907.F&A
Iowa Mid., 1st M., 8s, 1900. A&O
......
certs
Extended 4s, 1986
com,
..
M&N
Reorg.
com. certs
6s, currency, int. def.,-1918..J&J
6s, 1911
A&O.
Ches. O.&S.W.—M. 5-6s, 1911.F&A
2d mort., 6e, 1911
F&A
Cheshire—Os, 1896-98
Chic. & Alton—1st
113%
i*i*4*
10i% 104
1153s
11530
115:% j
115%
113% 114%
104
109
J107
1g2%
lei
......
102
114
112
111
100
110
its
113
o
Chic. & St.Louis— 1st A, 1915,M&S
Cbic. Sam a Fe & Cal.— 1st, 5s
Chic. St. L. &P.—1st, 5s, 1032. A&O
Chic. & Gt. East., 1st, 7s, 93-’95.
Un.& Logansp.,l8t,7s, 1905.i
Cin. & Chic. A. L., 1886-’90..
Ch.St.P.& Minn. 1st, 6s, 191
North Wise., 1st 6s, 1930..
Chic. &
General mort., 6s, 1932
..
Chic. & W. Mich. 5s, 1921.
Cin. Ham. & Dayt.—Consol
Consol, mort., 7s, 1905...
Consol, mort., 6s, 1905. .
67
67
105
9 7
«•••••
100
mo
1100
100
Equipment, 7s,
Eureka
Spr.—1st,
100
118
107
100
1102
tl03
107
98
104
t L20
tl 14
tioo
: 98
123
122
125
•
•
*
mm
108
i*20
110
......
104
104
tno% 111%
6s,
tl08
118
100
123%
83%
124
1
do
122% 123%
113
115
95
•
103%
108%
90%
West. Div. 1st, 5s, 1
do
tl03
tll9
tno% 111%
tl06
106%
89
121
Unstamped.. tll8% 119%
do
117
115
96
105
121
tl20
110
120
2d, 6s,
.
......
...
70
)
109
111
107% 108%
48
2d mort
tlOd% 107% Gr.Rap. & Ind.—1st, l.g., g’d, 7s, g tll8
1st M.,7s, l.g., gold,not guar. A&( ) tU5
tlll%
1100
Ex land grant, 1st 7s, *99
tioi
1
90% 97m'
tl07%
L 101% 102
95
35
34
92% 95
2d, incomes, 1911-.-.
J 121% 122
17
......
mmmm mm
102%
106
Cin. I.
105%
113% 114% Cin.Jack.&Mac.—1st,5s,1936. J&E
126
Cin.Van W. & Mich.
1st,Os, 1901
1124
70
do
2d income. Os, 1930 .,
122% 123%
107
Cin. Laf.& Ch.—1st, 7s,g.,1901.M&l; tll7
120
'Cin. Leb. & Nor.—1st m. 5s
J&J 100
late transactions.
mm
......
.
08
«
1121
121%
99% 100
119%
Elmira& W’mspt—1st
5s, perpetual
1109
67%
07%
♦
1113
Tomah.—6s.
•
101% 102%
Col.&Ind. C.,IstM.,7s, 1904.J&J
tll5
do
2d M.7s,1904.ft
.
.
.
.
.
.
J&J tl05
M., 7s, ’93. .J&J
Sterling mort., 6s, g., 1903..J&J
Bde. Kan. C. line,Os,g.,1903.M&N
Miss. Riv. Bridge, 1st.,s.f.,6s,1912
Louis’a& Mo.R.,lst,7s,1900F&A
1130
Winona&St.Pet.—2d7s,1907M&N 128%
108
Ott. C. F. & St. P., 58, 1909..M&S 107
10278 103%
108
124
12a
North. Ills., 1st, 5s, 1910,...M&S 107
117% 11778 Chic.R.I.& Pac.—Os,1917,coup J&J 132%
»06
Exteu. & col. 5s. 1934
J&J 107% ib/%
10/
Chic.&8. W..lst,78,guar.,’99.M&N
107
Cheraw & Dari.—2d M., 7s
Chee. & Ohio—Pur. money fd.,1898
Series A, 1908
.A&O 105%
6e,gold, series B
M&N II 67
Reorg.
1917.M&S
•
120
121% 122
Mil. & Mad., 1st, 6s, 1905..M.&8. Il2
Madison Ext., 1st, 7s, 1911. A&O 1130
Menominee Ext.,1st,7s, 1911 J&D tl30
Northwest.Un., lst,7s,
•
120
125
110%
E.Tenn.Va.& Ga.—1st, 7s,1900
130%
Peninsula, 1st, couv.,7s/98.M&S
Chic. & Mil., 1st M., 7s, ’98..J&J
......
Duuk.A.V.&P.— 1st,7s,g..1900.
112
126
Escan.&L.Sup., 1st, 6s, 1901.J&J
104
102
lOa
Ill
110
10030 101
75
15
10
.
i Purchaser als«» pafts
accrued interest.
95
)
-
118
i
......
....
I In London.
U
$ In Amsterdam.
......
THE
642
GENERAL
CHRONICLE.
QUOTATIONS
STOCKS AND
OP
BONDS.
other quotations are
frequently made per share.
Id; “ g’d,” for guarantee!; “ end..” for endorsed; ** oons.,
for consolidated; “conv.,” for convertible ; " s. r.," tor sinking runa; •• i. g.," ior iana grant.
Quotations in New York are to Thursday; from other cities, to late mail dates.
Subscribers will confer a favor by giving notice of any error discovered
Bid.
United States Bonds.
Ask.
Bid.
City Securities.
Ask.
in these Quotations.
City Securities.
Bid.
Ask
120
115
Milwaukee.Wis.—Water 7s, ’02.J&J 107
AustiD, Texas—10s
109
Water 4s, 1906-7
Baltimore—6s, consol., 1890.. -Q-J 104% 104%
4%s,1891
J&J 95
reg.. Q—M 106% 107
104
108%
103%
10778
4%8.1891
coup.. Q—M
6s, Balt. & 6. loan, 1890
Q-J
Mobile, Ala.—4-5s,funded,1906J&,T 85
95
107
6s, Park. 1890
4s, 1907
reg...Q—J 127% 127%
Q—M
Montgomery, Ala.—New 3s ..J & J 70
75
112
127%
M&8
127%
6s, bounty, 1893
5s, new
4s, 1907
coup.. .Q—J
90
100
112
121
Nashville, Tenn.—6s, 1907
6s, bounty, exempt, 1893... M & 8
Var.
123
.M&N 106% 107
6s, Currency, 1896
reg..
5s, water, 1894
Bridge 5s, 1905
A&O
125
6s; 1900.'.
Newark—4s, 1906
6s, Currency, 1897
reg..
.Q—J 120 122
100
103
122
128
6s West Md RR
J&J
i902
4i*s, 1906
104
106
l‘/7
%
130
.M&N 127
5s, 1909
5s, 1916
108
114
107
STATE SECURITIES.
4si 1920
6s, 1910
.Q-J
..Var.i 119
124
Alabama—Class “A,” 3 to 5,1906.
105% 106
7s, 1895
Var.i 115
Bangor, Me.—Water, 6s, 1905 ..J&J 121% 123
117
109
Class “B,” 5s, 1906
E. & N. A. RR. 6s, 1894
..J&J 106% 108
7s, Aqueduct. 1905
Var. 132
135
104
10o% 104
Class “C,” 4s, 1906
..Var 103
New Bedford.Mass.—6s, 1909.A&O* 127
Batli, Me.—6s, 1902
129
100
102%
..J&J 97
6s, 10-20, 1900
4%s, 1907...
3i*8, 1910
J &
A&O 93
96
105
12
7
N. Brunswick, N.J.—7s, water, 1904 no
Belfast. Me.—6s, railroad aid. ’98.. i 103
1
120
135
10
Boston. Mass.—Water 6s, 1908.Var 130
Var 105
6a, 1906
no
120
10
20
..Var 118
New Orleans, La.—Premium 5s
Water 5s, gold, 1908
133% 133%
112
10
22
Water 4«. 1917
..Var 109
Cons. 6s, 1923, extended
J&J 1103* 112
Water Skis. 1917
10
A&O 98% IOO
5s, 1934
J&D
98
98%
163
160
10
7s, Ark. Central RR.
Brooklyn, N.Y.—Park 7s, 1924.J&J
7s, 1895
.....J&D 1161* 118
163
160
2
..J&J
N.Y. City-78, 1900
Bridge 7*, 1924
M&N 131
135
161
148
Park
1924
6s, 1900
M&N 122
126
137
..JAJ 134
6s, gold, 1901
J&J 123
Bridge 5s, 1919
128
108
New, reg. or coup., 3s, 1910
..J&J 106
5s, 1903
M&N 118
Bridge 4s, 1926
124
103
Dakota Ter. 5s. !0-20s of 1887
106
Water 3s, 1905
..J&J 100
5s, gold, 1396
M&N 108
112
Buffalo NY
7a 19 ’4-5
4%s, 10-208 of 1837...
102
J&J 136
4s, 1906
M&N 105
110
Wafer 5h, 1898-9
A&O 104
118% 119%
31*8. 1904
M&N 102
106
Cons. 3-65b, 1924, reg.
M&8 101
118% 119%
3s, 1907
A&O 101
104
HI %
Water 3%s, 1905
J&J 100
Norfolk, Va — 6s, 1914
Var.
YVn.i ap 3a 1 91 ft
P&A
108%
8s, Wat ^r, 1901.
M&N 127
128
110%
Cambridge, Mass.—Water 6s,’96J&J ill1* il5%
5s, 1916
A&O 102
127
124
Wash.—Fund, loan (Cong
108%
..J&J
City 0s» 1904
Norwich, Ct.—5s, 1907
A&01 ill1* ill*
95
Fund. loan(Leg.)6s,g.
Water Slop. 1911
120
..Var 93
7s, 1905
J.&J 133
137
106
Market stock, 7s, 1892.
111
Omaha, Neb.—Ss, 1891
t 1011*
Water stock, 7s, 1901..
Conv. 4a. 190985
..J&J
128
Orange, N. J.—7s, long
f 116
do
115%
129
7s, 1903..
C!h1p.agn, Til.—7ft, 1 892-99
100
6s
1895
113
112
10S
Paterson, N. J.—7s, 1900
122
125
106
105
106
105%
Georgia—7s, gold bonds, 1890. Q
4%s, 1900
6s, 1901
117
120
1 QflO
100
4i*b, 1915
.J&J 107
107%
4s, 1908
100
102
110% Petersburg, Va.—6s
Kansas—7s, long....
Cook Co. 7s, 1892
J&J
J&J 110
112
rinnlr fin 5s 1 899
Louisiana—New con. 7s, 1914. .J&J 106
106
8s
x
J&J 118
91
105%
Stamped 4 per cent
Cook Co. 4%s, 1900
91%
8s, special tax
118
102
54
Baby bonds, 3s, 1886
WARt f!liinagr> 5s, 1 890
F&A
Philadelphia, Pa.—6s, 189S-’99 J&J 1281*
104%
104% 105
Lincoln Park 7s, 1895
6s, new, reg., due 1905
J&J 136
War debts assumed, 6s,’89.A& CM 102% 103
Wnat. Pa.rlr 7s. 1890
105
115
117
Smith Park 6s. 1899
103
Maryland—6s, Hospital, ’87-91 J&J 100
6s, 1912
Var. 124
6s, 1890
130%
129%
100%
..J&J
Q—J
Cincinnati, O. —7*30s, 1902
7s, water, reg. &cp., 1898...A&O, 128
130
8-65s, 1897
J
105% no
..Var
7s, 190*
4s, 1915
J&D 105
107
123
122
104%
105%
..Var
Massachusetts—5s, gold, 1891. A<
6s', 1909
Portland,Me.—6s,RR.Aid,1907M &S 1211* 123
L
122
no
5s, gold, 1894
108%
M&N
J&Ji
6s, gold, 1906
4s, fuuded, 1912
J&J 101
103
5s. gold, 1897
103
48.1905
114
Var
M&3 113
Portsmouth, N.H.—6s, ’93,RR. J&J i 107% 1071*
TTamlltnn
flnnntv
4s
104%
Michigan—7s, 1890
MAN 105
Poughkeepsie. N. Y.—7s,water long t 138
114% Providence,
Minnesota—Adi. 41*8,1912,10-30.. 102
.A&O 114
Cleveland, O.—7s, 1894
R.I.—5s,g.,1900...J&J j m%
Missouri—6s. 1888
103
J & J L02
.M&S 115% 116%
6s, 1900
'.
6s, gold, 1900, water loan.. J & J+ 120
121
110
Funding bonds, 1894-95
J & J 107
.J&D 109
5s, 1907
4i*s, 1899..
J&D 1051* 1061*
Long bonds, ’89-90
J&J 102%
..J&J 96% 97%
4si 1903
31*9, gold, 1916
M&S 931* 95
112
Asylum or University, 1892. J & J 104
..Var. no
Columbus, Ga.—7s
Rahway, N. J.—Old 7s
35
New Hampshire—5s, 1892
101
101%
5s
J & J 104% 105%
New adjustment, 4s
80
90
War loan, 6s, 1892-1894
111%
lo9
J&J I 109% 113
F&A1
Covington. Ky—7-30s, 1890..
Richmond, Va.—6s, 1914
J&J 114% 115
War loan, 6s, 1901-1905
7-3 Os Water Works
J & J 129% 132
A&OI L05% 106%
8s, 1909
J&J 136
138
New Jersey—6s, 1897-1902... .J&J* 120
103
130
.J&Jt 100
4s, 1937, new
5s, 1920
:
J&J 1061*
6s. exempt, 1896
Dallas TpiYs.s—8s. 1904
no
125
J&J* 118
4s, 1920
93
86
Nsw York—6s, gold, 1891
115
J&J 110
10s, 1893-96. ..1
1.... no
Rochester, N. V.—7s, Water,1903..t 141
103
Water.
6s.
1900
•
:
100
109
F&A iOO
4s, 1912
«s, gold, 1893
A&O 111
8t. Joseph, Mo.—6s, 1903 ......F&A 102
Detroit/Mich—7s, 1892-93-94 .F&A in 116
94
40
No.Carolina—6s, old, 1886-’98..J&J 35
.J&D 92
3%8, 1911.
Comp’mise 4s, 1901
F&A 90
95
6s N. C. RR,, 1883-5.... J & J 1J 170
P.liTahath V .T _Naw ls.1912
.r&.T
82
St. Louis, Mo.—6s, 1899
Var.t 115% 118
6s
do
Eransv.. Tnd.
7 coupons off ....A&O 140
Water fis. 1912..T fc.r
6s, gold, 1894
10 *% 1101*
6s, funding act of 1866.1900 J&J 10
..J&J
5s, 1912
5s, 1900
....Var. 107
1091*
20
..J&J
4%s, 1912
4s, 1905
1011* 1021*
8
..J&J
4s, 1912
3*65s, gold, 1907
981* 991*
9
12% Fitchburg, Mass.—6s. '91, W.L. J&Ji 105
105%
8t. L. Co.—6s, gold, 1905..... A&Ot 120
1223*
4s, new, cons., 1910
J & J 93% 95
103
Galveston, Tex.—8s,1893-1909.M&8 L01
St. Paul, Minn.—4s, 1912
t 96
97
6s, 1919
122
A&O 119
98
.J&D
92
5s, 1920
41*8, 1916
t 103
105
FTnrtford. Conn.—6s. 1897.
-.T&.T 110
Penna.—5s, new, reg., ’92-1902.F&A 112%
5s. 1915
t 109
111
4s, reg., 1912
10-25 vnars. 4L»s. 18 <0-1905. J&J LUO
li'y
F&A
6s, 1904
t 119
121
Rhode Isl’d— 6s, 1893-4, coup..J &J 112
Hoboken, N. J.-7s, 1892
A&O
7s, 1898
..t 1I91* 120
South Carolina—6s, Non-fund.,1888.
4
4%
J&Dt 112
114
8s lfc97
t 124
Improvement 6e, 1898
126
Brown consols
106
108
do
M&N
5s, 1901
Salem, Mass.—6s, ’98, W. L.A&O..I 115 J* 116%
60% 62% Houston. Tex.—10s
Tennessee—6s, unfunded
60
5s, 1904, W. L
J&Jt 1101* 112
Compromise bonds, 3-4-5-6s, 1912 70% 72
60
68, funded
101% 102
104
rndlanannlia. Tnd -"D” 7*3.’99 JA.T no
Settlement, 6s, 1913
122
124
95
Settlement, 5s, 1913
68.18§7...’.
.J&J 106
7s, 1903, water loan
i
A&Of 130
133
Settlement, 3s, 1913
70% 71
120
Jersey City—Water 7s, 1902.. ..Var 117
116
Toledo, 0.-7-308, RR.; 1900.M & N f
117
M&Si 10S
111
Texas—6s, 1892
Water 6s, 1907/
..J&J 108
112
....Var.i 113
8s, 1893-94
115
7s, gold, 1892-1910
M&Sf 115
F&A 108
Funding 6s, 1909
112
6s, 1899
Var 112
114
7s, gold, 1904
J&Jf 125
5s, 1911
5s, 1913
A&O 107
109
Hudson County 5s, 1905
Vermont—6s, 1890
J & D
M&S 114
116
*.
4s, 1913
Var. 92% 94
Virginia—6s, old, 1886-’95....J & J 48
Hudson County, 6s, 1903... ..J&J 120
122
Washington, D.C.—See Dist. of Col.
6s, new bonds, 1886-1895...J & J 48
Hudson County 7s, 1891.... .J&D 112
Worcester, Mass.—6s, 1892...A&Oi 107% 108
6s, consols, 1905. ex-coup
J&J 37% 38
..J&J 109
Bayonne Cltv, 7s, long
5s. 1905
A&O 113
114
6s, consol., 2d series
J&J 70
t
Kansas City, Mo.—8s, 1896
119
A&O 101% 103
4s, 1905
6s, deferred bonds
8
9
f Li2
7s, 1896
3%s, 1905
J&D 95
95%
Tax-receivable coups., from cons’Is 32% 32%
5s. 1905
t 102
RAILROAD BONDS.
Do
from 10-40s.
22
Lawrence, Mass.—6s, 1894...A& Oi 110% iii% (Bonds of companies consolidated will
New3s (Riddleberger), 1932. J & J 65% 66
6s, 1900
119
be found under the consol'd name.)
.A&OI 118
10-40s, cp. & reg., 3 to 5,1919.J&J 35% 37
Ala. Gt. Southern—1st mort., 1908J 117
Long Island City. N. Y—Water.7s
103%
122
Louisville, Ky.—7s, 1903
122
..Var 108
Debenture scrip, 6s, gold, 1906.. \ 109
111
CITY SECURITIES.
109
Ala. N. O. T. &c. 1st deb. 6s
6s, 1897
..Vart 103
50
55
f
Albany. N.Y.—7s. 1910-16....M&N 137%
10*408, 5s, 1920
2d debent. 6s, 1907
106
M&N 105
1 45
50
6s, 1915 to 1919
M&N 115
4s, 1923..
97
98
Alb’y & Susq.—1st M., 7s, '88...J&J 103 103%
4s, 1920 to 1930
M&N 102
Lowell, Mass.—6s, 1890, W. L.M&Nt 104% 104%
Consol, mort., 7s, 1906,guar .A&O 128
130%
Allegheny, Pa.—5stcp., '87-97..Var. 100 106
J&J 110% 111
Consol, mort., 6s, 1906, guar.A&O 121
Lynchburg, Va.—1901-1
4»as, coup., 1885-1901
Var. 100
105
128
8s, 1905
J & J 126
iie
illegh. Val.—Gen. M., 73-lOs.. J&J 115
4s, coup., 1901
Var. 105
Lynn, Mass.—Water loan,6s, ’94J&J 110‘s 111%
East, exten. M., 7s, 1910
A&O
100
101
Water loau, 6s, ’96
Allegheny Co., 5s, cp., 1913. J&J§
..J&J 113% 114
Income, 7s, end., 1894
23
A&O 21
4s, not loan, 5-10s
100
101
113
5s, 1905
M&Nt 112
Atch. Top. &S. Fe— 1st,7s, ’99 J&It 120
120%
4s, riot loan, 10-20s
100
101
Macon. Ga.—6s
no
112
Land grant, 7s, g., 1902
A&Oi 118
118u
5s,
do
10-20s
100
101
109
Manchester, N.H.--6s, 1894... .J&JI 108
J&Di 107
Sinking fund, 6s, 1S11
i°7%
4s, refunded. 5-20s. 1891-1906.... 101
102
115
118
6s, 1902
Guaranteed 7s, 1909 .J&J&A&Ot 118
119
Atlanta, Ga.—8s, 1902
J&J 116
4s, 1911
101
102
5s, 1909 (1st mort.)
A&Ot 100
lOOi*
Water 7s, 1904
J&J 112
Memohis, Teun.—Fiippin 4-6» .J&j 99% 100%
5s, plain bonds, 1920
M&St
6s, 1895-6
J&J 106
Tax Dist., 4-ds
99% 100%
A&Ot
4%s, 1920
99
99if
5s, 1914-15
J&J 102%
Tax Dist., 6s
104 ~
..J&J 103
Col. Tr. 5s, 1937
F&A 9o% 95lj
4^*8, 19 L6
J&J
Mtnne ipoiis, Minn.-8s, 1892 J&D 111
113
Florence* £1 Dor’do,lst.7s. A&Oi 112i*
Augusta, Me.—6s, 1905. Fund. J&Jt L18 120
7s. 19*01. 1
123
125
K.C.Topeka&W.,lst M.,7s,g.J&JI 123%
Augusta, Ga—7a, 1900-2
111
Var no
4%S, 1912 15
103
105
ao
inoome 7S..A&J 1111* 115
6s, 1905...
J&J. 109
111
;
4s, 1415-17
95
N. Mex.&So. Pac., 1st,7s,1909A&Ot 119 % 120
97%
Price nominal; no late transactions, t Purchaser also pays accrued int3resc.
UNITED STATES BONDS.
.
......
__
..
....
'
■
......
..
.
-
...
......
__
...
iYi1*
-
—
.
..
.
..
«...
..
.
*
r
1.
_
»
.
.
\ll*
„
J fu Loudon.
$ Part being redeemed. IT Coupons
on
sinoe ’69
May 19,
QUOTATIONS
GENERAL.
Bid.
Railroad Bonds.
First Page of Quotations.
Bid.
Railroad Bonds.
Ask.
Income, 6s
Atlantic & Pao.—1st 4s, 1937.. J&J
W. D. Incomes, 1910
J&J
Central Division, old 6s
do
incomes, 1922.
acc. Id. gr. 6s. 1901
do
Baltimore & Ohio —New 4s
A&O
gold, 1925
Schuylkill Riv. East Side 5 s,
Sterling, 5s, 1927
Sterling, 6s, 1895
5s
2d, Gs, 1923
Chic. B. &Q.—Cons.,7s,
25
Bonds, 5s, 1895
5s. 1901
101*
5s, debenture, 1913
107* 108*
Iowa Div. 5s, 1919
103
Iowa Div., 4s, 1919
112
U10
4s, Denver Div., 1922
19*
1903..J&J
F&A
1925
J&D
M&8 }109
A&O
do
6s, g., 1910. M&N U22
ParkersburgBr., 6s, 1919...A&O 117
123
124
84
109
Balt. & Pot’c—1st, 6s, g., 1911.J&J
1st, tunnel, 6s. g.f g’d, 1911. A&O
Beech Creek—1st,g’Id, 4s.1936, J&J
BeU’s Gap—Cons, Os, 1913 ....J&J
Belvidere Del.—1st,6s,c.,1902. J&I)
6s, 1896
J&J
5s, 1899
J&J
4s, 1905
M&S
41*8, 1903
M&N
Boston & Maine—7s, 1893
J&J
7s, 1894
J&J
Bost. & Providence—7s, 1893.J&J
Bost.& Revere B’h—lst,6s,’97. J&J
Bradford Bord. & K.—1st, 6s, 1932
Bradf.Eld.& Cuba—lst.6s, 1932J&J
Brooklyn Ele.—1st. 6s, 1923..A<&0
2d mortg, 3-5s, 1915
J&J
Bufl. Brad.& P.—Gen.M.7s,’96. J&J
Buft.N.Y.&Erie—1st, 7s, 1916. J&D
Buff.Roch. & Pittsb.-Gen.5s, 1937
Bon.dt Southwest.—6s, 1908.. J.&J
M&N
.....
Bur. C. R.&N.—lst.5s,new,’06.J&D
Cons. 1st &col. tr., 5s, 1934.. A&O
Iowa C. & W., 1st, 7s, 1909.M&S
0. Rap.I.F.& N.,1st,6s,1920.A&O
118
124
123*
A&O
2d M..
6s, g., end C. Pac., ’91 .J&J
3d M. (guar. C. P.), 6s, 1905. J&J
do
do
3s, 1905.J&J
Cal.So.—1st 6s (Atoll, guar.)..J&J
Income 6s, 19^6
M&S
Camden & Atl
1st,7s, g.,’93..J&J
2d mort., 6s, 1904
A&O
Cons. 6s, 1911
J&J
Canada So.—1st M.,guar.,1908,J&J
2d mort., 5s, 1913
M&S
■
—
Cape Fear&Yad.Val.,1st,6s, 1916..
85
Om.& S.W.,lst,8s,J&D 1119
m. Grand Tr.. 1st. 8s, ’90...A&O 105
do
105
110*
111*
100*
109
103
99
J&J
1st, $, gold, 7s, 1902
La. C., 1st M., 7s, 1893
J&J
I. & M., 1st M., 7s, 1897
J&J
I’a. & Dak., 1st M., 7s, 1899. J&J
Hast. & Dak., 1st M.,7s, 1910. J&J
do
5s, 1910
J&J
106
90
102* 103
85
71
Chic. & Mil., 1st M.,7s, 1903.J&J
1st mort., consol., 7s, 1905..J&J
1st M., I. & D. Ext., 7s, 1908J&J
1st M.,6s, S’thwest Div.l909J&J
1st M., 5s. La C. & Dav. 1919J&J
So. Minn. 1st 6s, 1910
J&J
97*
100
100
103
55
112
•
m
.
.
.
.
......
87*
113
87*
111
107*
92*
92*
97*
07loO
3d, inc., 68, 1910
121
117
105
90*
113
121
105*
102
Dixon Peo.&H., 1st, 8s,1889. J&J 101
Ott. Osw. & Fox R., 8s, 1900. J&J tl26* 126*
Quincy& Wars’w, 1st, 8s,’90. J&J tl05* 106
123*
Atch’n & Neb.—1st, 7s,1907 M&S tl23
99
99*
Chic. Burl. & Nor.—5s, 1926...
99*
Debent. 6s, 1896
J&D 99
20
30
Chic. & Can. So.—1st, 7s, 1902 A&C
102
Carolina Cent.—lst,6s,g.,1920.,l &J
2d, ino., 6s, 1915...
;.A&o
Catawissa-Mort., 7s, 1900,..,F&A
Cedar F.&Miu—1st, 7s, 1907. J&J
98*
Bur.&Mo.(Neb.),lst,6s,1918.J&J t!16
do
Cons, 6s, non-ex..J&J tl04
do
4s, (Neb.), 1910... J&J t 90
do
Neb.RR,lst,7s,’96A&0 tll2*
125
1st, 58, 1921....A&O
Califor.Pao.—1stM.,41*8,g.. .J&J
124
75
105*
Cedar R. & Mo.-l-jt, 7s, ’91...F&A tlo5
let mort., 7s, 1./16
M&N 132* 132*
117
2d mort.. 7s, 1909, quar
J&D 1114
Cent. Br. U. Pac., lsts,6s,’95.M&N 104
M&N 105
Fund."coupon 7s, 1895
Atch.& Pike’sFk, 1st. Gs, g. M&N 104
104
A tch.Col.&Pac., 1st,Gs, 19050.—F 102
Atch.J.Co.&VV.,1st,Gs,1905.0,—F lOu
ill
Cent, of Ga.—1st. cons., 7s,’93.J&J 110
Collat’l trust 5s, 1 *37
M&N 100% 101
Cent. Iowa-New 1st., 7s , ’99. J&J
75
15
Inc. bonds,** debt certs.”, 7s,A&0
10
Eastern Div., 1st, 6s, 1912..A&O
Dls. Div., 1st, Gs, 1912
A&O
f
......
......
Chic. & Pac. Div. 6s, 1910 ...J&J
do
West Div., 5s,1921. J&J
Chic. & Mo. Riv. os, 19-6
J&J
Mineral Pt. Div., 5s, 1910...J&J
Chic. & L. Sup. L*»v., 5s, 1921J&J
Wis. &Minn. Div., 5s. 192 L... J&J
J&J
Termmla os, 1914
Dubuque Div., 1st, Gs, 1920.J&J
Wis. Vat. Div., 1st, Gs, 1920.J&J
Fargo & South.- 6s. ass. 1924. J&J
inc. conv. sin. fund Le>, 1916. J&J
J&J
Dak. & Gt. So. 5s, 1916
Chicago & Northwestern0
Consol., 7s, 1915
Q-—F
Consol., gold, 7s, cp., 1902..J&D
Sinking fund, Gs, 1929
A&O
5s, 1929
do
A&O
do
debent., 5s,1933.M&N
Exten. bds. 4s,
1886-1926...F&A
25-yrs. deb. 5s, 1909
M&N
Escan.&L.Sup., 1st, 6s, 1901.J&J
Des
M.&Minn’s,1st,7s,1907.F&A
94*
95
50*
50
118* 119
..
114*
94*
98
JLeh.& Wilkesb.Coal,inc.,’88,M&N
Consol., 7s,gold,1900,ass’d.Q-M
Cent. Ohio—1st M.. Gs, 1890..M<S
Cent. Pac.—1st, 6s, gold, 1895 .J&J
1st, Gs, gold, 189G
J&J
1st, Gs, gold, 1897
J&J
1st, 6s, gold, 1898
J&J
S .Joaquin, 1stM., 6s, g.l900.A&0
Cal. & Oregon, senes B, 6s, 1892
oal.&Or. C.P.bonds, 6s,g.,’92 J&J
Land grant M., Gs, g., 1890.A&O
Mortgage bonds, 6s, 1936...A&O
West. Pacif., 1st, Gs, g., ’99..J&J
CLarl’te Col.&A.—Cons.,7s,’95.J&J
2d mort., 7s, 1910
A&O
Cheraw & Dari.—2d M., 7s
Ghes. & Ohio—Pur. money fd.,1898
Series A, 1908
.A&O
6s, gold, series B
M&N
Reorg. com, certs
Extended 4s, 1986
M&N
Reorg. com. certs
6s, currency, int. def.,*1918..J&J
Chic.&S.W.,lst,7s,guar.,’99.M&N
Chic. & St.Louis— lstft, 1915,M&S
10/
il3*
114
10 i* 101
1153s
1153s
do
1151*2
11334 L14*
104
lul
102
114
112
111
Cal.— 1st, 5s...
1932. A&O
7s, 93-’95.
C., 1st M.,7s, 1904.J&J
Chic. St. L. &P.—1st, 5s,
Chic. & Gt. East., 1st,
Col.&Ind.
1153s
{107
Chic. Santa Fe &
118
127*
115*
118
120
124*
101*
128*
127*
127
114*
il*6
Chi. 81.P.& K-C.-lst, g,
5s,1936J&J
North Wise., 1st 6s,
1930....J&J
109
lu2*
115
113
Chic. & Tomah.—6s
Chic.& W.lnd.—S.fd. 6s,
1919 M&N
no
1051*
II 67
67
67
67*
......
67*
17
A&O. 102*
Ches. O.&S.W.—M. 5-6s, 1911.F&A 106
2d mort., 6s, 1911
68
F&A
105*
Cheshire—Gs, 1896-98
J&J tl05
Chic. & Alton—1st M., 7s, ’93. .J&J 113* 114*
6s, 1911
......
o
100*
70
94
68*
tl09
tl02
tll3
tl(J0
Delaware—Mort., 6s, guar.,’95. J&J
113* Del.&Bound B’k—1st, 7s,1905F&A
123* Del.Lack.& W.- Conv.7s,1892 J&D
Mort. 7s, 1907
105* 105*
M&S
Den. & R. G. 1st 7s,gold,1900.M&N
100*
con.
1st
100
4s, 1936
Denv.& Rio G.W.—1st,6s, 1911M&S
102
assented
do
!03* 104
Denv.S.P.&Pac
102
—
1st,7s,1905 M&N
DesM.A Ft.D.— Guar.4s, 1905. J&J
114* 115
1st mort., guar., 2*s, 1905
99* 100*
J&J
1st mort., guar 4s, on extension.
122%
95
95%
140
131*
120
107*
109%
95*
104
112
126
130*
J 105
9/
104
1120
j Det.&B.C.lst,8s,en.M.C.1902M&N
Det. B. C. & Alp.. 1st,6s,1913 J&J
Det.G.Haven&xWil.—Equip.6s,1918
! Con. M., 5% till'84, after6*.. 1918
Det. L. & North.—1st, 7s, 1907. J&J
Det. Muck.& M.—Ld. gr. 3*s, 8. A.
Dub. & Dak—1st xM., 6s, 1919. J&J
1O8
Dub.&S. City—lst,2dDiv..’94. J&J
Duluth & IronR.— 1st,5s,1937. A&O
l04* D uuch 8 Sli & Atl.—5s,1937.J& J
Dunk. A. V.& P.—lst,7s,g..l9O0J&D
E.Tenn.Va.&Ga.—1st, 78,1900 J&J
Divisional, 5s, 1930
J&J
Ala. Cent., 1st, 6s, 1918
J&J
97
97
,
E. Tenn. V.
122
East.
tll4
tlOO
: 98
123
122
125
109
109
107
no
107%
111
101
116
131
112
136* 140
118*
78%
78*
64
74
65
76%
87
85*
54
85
......
107% 108
1116
JUG
119
119
118* 119
35
112
92%
85
9*2%
84
120“ 125”
no*
101* 102%
108
108
121%
Mass.—6s, g.,1906. .M&S 1121
99* 100
Elizab.l.ex.& Big 8.—Gs, 1902.M&S
Elmira& W’rnspt—1st Bs,1910.J&J 119*
A&O
5s, srpetual
Pittsb.—2d, now 1st—J&J 100
Erie
Cons, mort,, 7s, 1898
J&J ♦ 110
10/*
Eureka
......
107
98
mmmtJ
A&O
Equipment, 7s, 1900.
Spr.—1st, 6s,gold,1933F&A
Evans.& Ind.—1st,guar.,g.,6s, 1924
1st, con., 1926
J&J
Evan8.& T.fl.,lst odn.,6s,1921,J&J
Evansv.T.H.&Chi.—1st, Gs, g.M&N
Fitchburg—5s, 1899
i
A&O
6s, 1897
123*
124
Flint & P. Marq.—M. 6s, 1920.A&O
Ft. Madison & N. W., 1st 7s, g.,1905
Ft. Worth & Denv. C.—1st, 6a, 1921
Frem’t Elk’n&
117
115
A&O
7s, 1894
...
LOO
do
Mo.V.—6s,1933A&0
do
West. Div. 1st, 5s, 1931....M&N
do
2d, 6s, 1931...J&J
96
105
121
1100
100
i'oo”
>rgi
6s,
1910
b 15
J&J
106*
95
95
m
mm
108
•
m m m • m
•
rnrnm mm
118
107
100
1102
120
tl03
104
no
104
tno* 111%
1108
118
no
120
83* 89”
121
tl20
Unstamped.. tll8% 119%
Gal.Har.&San&nt.—1st,6s,g. 1910.
2d mort., 7s, 1905
J&D
tl03
tll9
tllO* 111*
103*
108*
90*
......
70
109
111
107* 103%
48
......
mmmmrn
96* 97
101* 102
Gr.B’
ST
2d, incomes, J.911..
34
35
121* 122
95
m mm
70
118
tll7
100
115
Eastern,
122* 123*
113
115
95
&Ga.R’y.—1st,5s,19x56.
am
mmmm
mmmmm+
....
X
accrued interest.
104%
W. Ry., Ala. —1st, 6s, 1926
......
1 Purchaser ftls<» pay*
70
75
_
92*
Ciu.Van W. & Mich. 1st,Gs, 190
1124
do
2d income, 6s, 1930.
122* 123*
Cin. Laf.& Ch.—1st, 7s,g.,1901.M&
107
120
Cin. Leb. & Nor.—1st m. 5s
J&
late transactions.
125
tl07*
126
132%
107* 108%
M., 7s, 1903.J&J
46
2d mort
1st., 7s,’92..J&D tl09
tll8
Gr.Rap.
&
Ind.—1st,
l.g.,
g’d,
7s,
g
tlOd*
107*
2d M.. 7s,.1887-92
J&J
1st M.,7s, l.g., gold,not guar. A&C 1115
till*
Indianapolis C. &L., 7sof ’97..
<100
Ex land grant, 1st 7b, ’99
1101
Cin. H. & I., 1st
Cin. & Indianap.,
122
110
113
121
tl06
......
Sterling mort., 6s, g., 1903..J&J
Bds. Kan. C. line,6s,g.,1903.M&N
Miss. Riv. Bridge, 1st.,s.f.,6s,1912
Louis’a & Mo.R., 1st, 7s,1900F&A
120
128
95
1
105
tll3
Generalmort., 6s, 1932 —
l&D
Chic. & W. Mich. 5s, 1921.
100
94*
121
Connecting (Phila.)—1st, 6s ..M&8
86
36%
Consol.RR.of Vt., 1st, 5s, 1913. J&J
Cor. Cow. & Ant.—Deb.6s, ’98M&N
104
Cumb. & Penn.—1st 6s,’91
i*25
M&S 102*
103* Cumberl.Val.—1st M.,8s,1904.A&0
130
J&J tl02* 104*4
Dayton & Mich.—Consol. 5s
101%
3d mort., 7s, 1888, now 2d. A&O flOO
128
130
Dayt. & West.—1st M.,6s, 1905.J&J tllo
1st mort., 7s, 1905
LlU
J&J tll7*
2d xM.7s, 1904.M&N 1115
Un.& Logansp.,lst,7s, 1905.i
Cin. & Chic. A. L., 1886-’90..
111
>102*
....
127* 128
Mid., 1st M., 8s, 1900. A&O
120
Peninsula, 1st, conv., 7s,’98.M&S
Chic. & Mil., 1st M., 7s, ’98..J&J 121*
Li2
Mil. & Mad., 1st, 6s, 1905..M.&S.
Madisr u Ext., 1st, 7s, 1911.A&O < 130
Menominee Ext.,lst,7s,1911 J&D tl30
Northwest.Un., lst,7s, i917.M&S tl30
107
Winona&St.Pet.—2d7s,1907M&N 128*
107
Ott. C. F. & St. P., 5s, 1909-.M&S
102* 103*
124
12o
North. Ills., 1st, 5s, 19 LO
M&S 107
117* 117* Chie.R.I.& Pac.—6s,1917,coup J&J 132*
1O6
Exten.'& col. 5s, 1934
J&J 107*
Iowa
17
Col. 8pringf.& C.—1st, 7s,1901.M&S 106
Col. & Rome.—1st, 6s, gu.Cent. Ga. 106
Col.& West.—1st, 6s, guar Cent. Ga. 108
Col. & Xenia—1st M., 7s,1390.M&8 t
Conn. &Passump.—M., 7s,’93.A&O tllO*
Massawippi, g., 6s, gold, ’89 J&J tlOO
26
Conn. West.—1st M., 7a, 1900. J&J
'
.
97*
15
Ohio&W.Va.,lst,8.f.,7s,19iOM&N
95
96
......
Cent. RK. oi N.J.—1st, 7s, ’90.F&A
Gen. mort., 5s, 198~
J&J
7b, conv., 1902
M&N
Consol. M., 7s, 1899
Q—J
Conv. deben. 6s, 1908
M&N
Am. Dk.& Imp. Co., 5s,1921. J&J
Income 5s, 1931
Scioto & Hock. V, 1st, 7s—M&N
Balt. Short L., 1st, 7s, 1900..J&J
Clearf. & Jeff.—1st, 6s, 1927
.J&J
Clev. Akron & Col.—lst,6s,1926J&J
Gen. M., g., 5s, 1927
M&^
Cleve. &Canton-lst, 5s. 1917J&J
Clev. Col. Cin. & Ind.
1st M.,7s,1899
.M&N
Consol, mort., 7s, 1914
J&D
Cons. 8. F., 7s. 1914
J&J
Gen. con. 6s, 1934
J&J
Belief. & Ind. M.f 7s, 1899...J&J
Clev. & Pitts.—4th M., 6s, 1892.J&J
Consol. 8. F., 7s, 1900
M&N
Clev.&M. Val.—1st, 7s,g.,’93.F&A
Colorado Mid.—1st, 6s, 1936.. J&D
Coeur d’Alene.—1st, Gs, 1916..M&S
Columbia & Gr.—1st, 6s, 1916.J&J
2d mort., 6s. 1926
A&O
Col. & Cin. Mid.—1st, 6s, 1914.J&J
Columbus Hocking Valley &T.—
Con. 5s, 1931
M&8
Gen. 6s gold, 1904
JaD
Col. &Hock. V.—lstM.,7s,’97. A AA >
do
2d M., 7s, 1892. J&J
Col. & Toledo—1st mort. bonds
do
2d mort
tl02* 102*
i 105* 105*
105
1108* 109
109*
tuo* 110* Chic Kan. & West’n.—1st, 5s, 1926
106*
tl06
Income 6s
98* Chic. & East Ill.— 1st mort. 6s, 1907
98
104
Income bonds, 1907
102*
112*
tll2
1st, con., 6s, gold, 1934
A&O
113* 113*
Gen. con., 1st, 5s, 1937
M&N
113* Chic. & Gr. Trunk—1st mort., 1900
T113
Ch.&Ind.CoalR’y,lst5s, 1936 J&J
UlO* 112
41
Cliic. & Mich. L. 8. 1st 8s, 1889....
30
20
Chic. Mil. & St. Paul—
106*
105
P. du C. Div., 1st, 8s, 1898. F&A
85* 90
P. D., 2d M., 7 3-108,1898..F&A
99
138
Consol, mort., 7b, 1890
94*
F&A t 93
89
4s, plain bonds, 1921
M&S 88
Neb. Ext., 4s, 1927
M&N 92* 92%
Bur. & Mo. R., I’d M., 7s,’93.A&0 till* 111*
do
Conv. 8s,’94 ser.J&J t
111
119*
Cons. 4s, 1927
F&A
Boston & Albany—7s, 1892...F&A tllO
6s, 1895
J&J till
Bost. Ccnc.&Mon.—S.F.,6s,’89.J&J tlOO
Consol, mort., 7s, 1893
A&O 1107*
Consol mort., 6s, 1893
A&O tl02*
98*
Bost.H.Tun.&W. deb. 5s, 1913 M&S
Boston & LoweU—7s, ’92
A&O t109*
J&D
A&O
112
115
Cin.
113* 115
F&A
95
12
32
101
Sterling mort., 6s, g., 1902. .M&S 1116
do
83
20*
82
Ask.
Sand’ky & Cl.—6s, 1900..F&A;tl00 100%^
J&D t 99* 100
115*
Cin.&Sp.—7s, C.C.C.& I., 1901. A&O I071*
115
7s, guar., L.8.& M.8., 1901..A&O 114
75
100*4
Cin.Waah.&B.—l8t,gu,4*8-6sM&N 100
72
30
45
2d mort., 5s, 1931
73i*
J&J
381* 39*
3d mort., gold, 3s-4s, 1931..F&A
132* 132*
113*
do 1st guar.(564),7s,’94A&0
do 2dM. (360), 7s, ’98..J&J
do 2d guar.( 188) 7s,’98.J&J
Chic.A Atlantic—1st, 6s,1920.M&N
1112* 113
120* 121*
100* 100*
Bid.
Railroad Bonds.
Ask.
Cin. Rich. & Chic.—1st, 7s, ’95. J&J tl08
116* Cin. Rich. & F. W.—1st, 7s, g...J&D t
Chicago & Alton—(Continued)—
A.tch. Top. & 8. Fe—(Continued)—
Louis’a &Mo.R.,2d, 7s, 1900 M&N
Pueblo & Ark.V., 1st, 7s, g.,1903. tll8* 119
103
103*
8 t.L. Jacks’v.& C., 1st,7s,’94. A&O
Sonora, lst.78, 1910, guar.. J&J
Wichita&S.W.,l8t,7s,g.,gua.,1902
Atlanta & Charlotte Air L.—1st,7s
BONDS—Continued.
OE STOCKS AND
Explanations See Notes at Head of
For
643
CHRONICLE
THE
1888. J
J In London.
f
ti
A maf
,-kn.l
644
THE
GENERAL
For
QUOTATIONS OF STOCKS AND
Ask.
3
993*
J
60
Hunt. A Br. Top
1st consol. 7s, 1915
M.AClark8Vt’g,6.1902
Chic.St.&N O.—1st
2d, 6s, 1907
Ten. lien, 7s, 1897..
Income, 1921, Tr.
2d
m.
10 i *2
it* 9
)
1107
Jill
i
! 11 L
95*2
>
)
115
120
115
118
1L2
_
•
119*s|
j
inc. 5-s,
II102
1112
-
.
115
a
'
.
.
120
•
.
.
.
.
.
1113*4
.
102
109
102
L10
cons.,reg.,1st,7s,1900.)
cons.,rtg.,2d, 7s,1903.,
Mahoning Coal KR. let, 5a
Lawrence—1st mort., 7s,1895.FAA
L.EoekA Ft.B.—lst,l.gr.,7s ’95. J&J
Long Island—1st M.. 7s, 1898.M&N
1st consol. 5s, 1931
Q—J
Newtown & FI., 1st, 7s, 1891
N.Y.&Man. Beach. 1st 7s,’97, J&J
N. Y. B. & M. B., Let con. 5s, 1935
Lou’v.C.A Lex.—1st,7e,’97 J&J (ex)
2d mort., 7s, 1907
A&O
Lou’v.Ev.A 8t.lv—1st 6s,1926.A&O
Louis. & Nash.—
Cons. 1st, 7s, 189S
98
75
101
80
89
114
111
121
UO
110*2
107*4 103
120*2 122
1145b
Nashua A Lowell—6s,
5s, 1900
113
113*2
117*2 118*2 1
103 *8 103*4 1
55 *2
56
i]
118*2 1
106*4 107
2
jl
108*a
ij
h
[123
125
*115
117
114*2 115
97
101
102
103
115
56
1L7
116
114
106
2d mort., 8s, 1899
Northern, Cal.—1st, Gs, 1907..JAJ
h
40
116
118
f 103
f 130
110
132
106
r.Y.Chio.A St. L.—New 1st,4s,1937
r. Y. Elevated.—1st M.. 1900.JAJ
Reorganizat’u 1st lieu, 6s, 1908
Long Dock mort., 7s, 1893..JAD
con. g., 6s, 1935 ..AAO
do
LY. A North. —1st g.5s,I927. AAO
2d gold is, 1927
J&D
110
100
93
111
102
93*2
;
1
90
75
92
t r. Y.&.N.Eng.—1st
121
.TAJ .121
80
126
126
E’AA
Gold income bonds, 6s, 1977....
86
i
*72
1
■
1U8
.
i
_
I
_
.
^
......
...
m
m
m
m
•
Northern, N.J.—1st M., 6s, ’88. JAJ tiOO
North. Pac., P. D’O Div.—6s, MAS.
Mo. Div. 6s, 1919
MAN
Gen’l 1. g., 1st, 6s, 1921
JAJ
Gen. land gr.,2d, 6s, 1933...AAO
Tien
liitirl
in*
3il
<5^
1937
......
.T.fc Tl
Spokane A Pel ,1 st 6s, 1936 MAN
St.P.A Nor.Pac. gen.6s.1923.FAA
HelenaA Red Mt.lst,63,1937MAS
Dul. A Mail.. 1st, 6s, 1936...JAJ
Dak. Div., 1st, s.f. 6s, 1937. JAD
Hel. B. Val. A B.,lst,6fl,19 37M&N
m
m
m m
..... ^
1183s 118V
10(i*s 106V.
92V
Dividend scrip ext
J A.T
James Riv.Val.—1st,g.,6s,’36JAJ
Dm in,
•••••»
......
i*08
104
•
•
•
•
.
101 %
116 7ev
......
101
103
ApP4„ 1st, r*s, 1037-. JAD
IlelenaAN’rth— lst.5s.1937. JAD
La. M.AMo. R., lst,58,lc3 7..JAD
North. Pac. Ter. Co. —1st,6s,’33. J A J
Norw’h A Worc’r—1st M., 6s.’97.J AJ
93
10 L
112
Ogd’nsb’g AL.Ch.—1 st M. 6s, ’97, J A J (101
il4
•
102
104 V
Sinking fund, 8s, 1890
MAS 1103
Consol, ,6s, 1920
98
98
AAO
30
35
Income, 3s & fisl 920
Ohio A Miss.—Cons.,s.fd.7s,’98 JAJ
1163j 117V
Cons, mort., 7s, ’98
2d mort., 7s, 1911
1st gen , 5s, 1932
JAJ
AAO
TAD
1stmort..8pringf.Div.,1905 MAN
Ohio River RR.—1st. 5s, 1936.JAD
Ohio Southern—1st 6s, 1921...JAD
2d
Old
116* 117V
117
90
37
income, fis, 1921
Colony— 6s, 1897
118
107*4 107 °8
96
98V-.
105^ 106V
33
FAA filial 112
JAD 1110
‘
MAS 114
1
A&O It 103
109*4 1095fe
Bost.C.AFitehb.,lst,7s,’89-90JAJ t 101*4!
i
120
B C F A N B
5s 1910
.TA.I 1110
124
126
:
N. Bedford RR., 7s, 1894 ..JAJ f 110
136
j Omaha a St. L.—1st, 4s, 1937..J&J
72*4
106
10o*4 Orange Be lt—1st mort;, 6s, 1907
103*2 105 j Oreg. A Cal.—1st 5s, 1927.'.
TAJ
129
Oregon A Trauseout.—6s,1922 MAN
937a
107 'a 103
Osw.ARome—1st M., 7s, 1915.M&N 1122
118
122
14U *2 141
6s, 1895
7s, 1894
4kjs, 1904
.
111
114V
104
102
113
113
73
.
96
--••••
103*4 104
134 St j 135
| 110
128
tl26
Penn.A N.Y.Can.— 1st. 7s, ’96. JAD
1st mort., 7s, 1906
JAD
I Pensacola A Atlantic-1st 111..F&A
Peo. Dec. A Ev.—1st, 6s, 1920. J&J
i
2d mortgage. 5s, 1927
Evansville Div.,1st 0s,1920.M&s
:
Peo. A Pekin U11.—1st,6s,1921.Q— F
2il mort. 4 *as, 1921
0—F
j
897e 90
116*4 117
3
M.f 7s, 1905J&J
1st M., 6s, 1905
JAJ
2d iu.,6s, 1902
FAA
2d 6s (scaled to 3s)
FAA
1 Purchaser also paye
109
j
110
i
i
118V
115 *2
107*2 LiO i
114*2 115
103^8 .03 \
13 4 ^
134
97 V
104
lU5
85
89 'B
129
132
,
i
106
......
,
,
60
ii4*rt
1
114 34
115 *2 116
106*2 107 |
50
i
55
109
112
122*2 lzz-A
114
103
114*2;
103*4!
92*3
accrued interest.
93
...
-
128*4 129
130
131*2
1st mort, 7s, 1S97, ext
MAN
2d mort. extern, 5s, 1919 ...MAS
3d mort. ex. 4 Vs, 1923
MAS
4tli mort., ext., 5s, 1920.. ..AAO
5tli mort., 7s, 1888
JAD
1st cons. M., 7s, g.,1920
MAS
New 2d cons. 6s, 1969
JAD
Collateral Tr. 6s, 1922
MAN
Fund. 5s, 1969
JAD
1st con j. fund coup.,7s,1920 MAS
101*4
102
25
5
income.
2nd, 5s, guar., 1923
111
111
107
!
■
x
87
115
|
126
Northern Cent.—4 V per cent..JAJ
107 V:
3d mort., 68,1900
AAO 120
Con. mort.,6 s, g.,coup., 1900.JAJ 120
Mort. bds., 5s, 1926, series A J AJ 110
r0
do
series B
109k
Con. mort, stg. 6s, g., 1904...JAJ 1109
112
......
1:
112*2
90*2 91*2
113
|
.
......J Panama—Sterl’gM.. 7s. g. ’97.AAO 1104
106
Sinking fund sub., 6s, 1910.MAN
lol
-1st. 7s, g.,’89.MAN
101
Subsidy bonds, Eng. issue, 6s.... : 93
103 \ 101*2 Peun. RR.— Gen. M, 6s,
130
132
ep., 1910Q —J
96
Cons, mort., 6s, 1905
O—M 122
-1st M.,new 6s. JAJ 100
Collateral trust, 4Vs, 1913..JAD
99
105
;
Consol. 5s, 1919
.'
JAD
104*2
i
Penn. Co., 6s, reg., 1907
O.—J
116
r.Y A Can.—£ M., 6s, g., 1904.MAN ;114
do
1st M., 4Vs, 1921.JAJ 1084* 103
2d mortgage
100
96
28
25
23
99
50
30
27
2d
r
..
104
126
123
114
M.,8s,’99,MAS
MAS
.
...
......
T1 j 1. Y. Lake Erie A Western—
105
»lol
tl09
f 109
JAJ
Sterling mort., 6s, g., 1903... JAJ
110*2 1103P
94
112
2d mort., 6s, 1901
r.Y.C.A liud.Riv.—Exi’dos. MAN
Mort., 7s, coup., 1903.. A ...JAJ
Debenture 5s, L904
MAS
1
llV*2
♦Price nominal; no late transactions.
g.,’93. FAA
iNortheast.,8.C.—1st
.
j
L24
lu3
117
130
1900 JAJ
.
43*3
Morg’n’s La.ATex.,lst,6s,1920JAJ
1st mort., 7s, 1918
AAO
Morris A Essex—1st, 7s, 1914 MAN
2d mort, 7s, 1891
FAA
|
JAJ
Bonds, 7s, 1900
General mort., 7s, 1901
AAO
Consol, mort., 78,1915
JAD
8s
......
do
extended 5s,1900..TAJ
North Pp,nn —l «t 7S 1696
j\| AV
I Gen. mort., 7s, 1903
.....JAJ
1 New loan. (5s. re^.. 1 905
M AS
113*2 119*4
]
]
113
Leb.-Knoxv. 6s, 1931
MAS
Louis. Gin. & Lex., 6s, 1931.MAN
Mem.A 0.,8tl., M.,7s, g.,1901J&l>
F&A
N. O. A Mobile. 1st Os, 1930. J AJ
do
2d, 6s, 1930./.. J&J
Pensacola Div.,1st,6s,1920..I
8t. LouisI>iv.. 1st, Os, 1921..MAS
do
2d., 3s„ 1980.MAS
Mash. A Dec., 1st 7s, 1900...J&J
E. H. A N., 1st 6s, 1919
J&D
Gen 1 mort., Os, 1930
JAD
Bo. A No. Ala., S. F. 6s, 1910AAO
Trust bonds, 6s, 1922
Q—M
Ten-forty 6s. 1924
MAN
50-year gold, 5s, 1957
MAN
Pensa. A Atl.—1st,Os,gu,'21. F&A
L'sv.N.A.A Chic.—1st,Os,1910. JAJ
Con. mort. Os, 1910
A AO
Lo’is v.N.O. ATex.—1 st,4s, 193 4M AS
2d mort., 5s, 1934
MAS
Maine Cent.—Mort. 7s, 1898... JAJ
Exten. bonds, Os, g., 1900... A AO
Cons. 7s, 1912
AAO
Androscog. A Ken., 6s,1890
Leeds A Farm’gt’n, Os, 1896.J&J
Portl. A K.,Cons. M., Os, ’95.AAO
Debenture, Os, 10-2o
FA A
MamBeacli Imp.,lim.,7s, 1909,MAS
Marietta Miu.—1st, Os, 1915.MAN
Marq’tteHo.A O.—Mar.&0.,8s, '92
Be, 1908..
Cs, 1923 (extension)
JAD
6a, 1925 (Mary. A West.).. JAD
Memphis A Little Rock—New 4s..
Memph.A Charj.—1st,7s, 1915.JAJ
2d mort.. 7s. exten-led
110
IcO
137
132
’93. JAJ
Siele, Va., ext. 5-6-Ss,’89-1900 104
do
2*1 M.,ext.n-6s,’89-1900 102
do
3d M., 6s, ’96-1900.JAJ 105
Ya.A Tenn., 4th M
115
......
cons., op., 2d,78,1903...
8o.
;
;
do
do
do
j Norf’k A Peters!)., 2d. gs,
1
1103
......
......
2d pref. debentures
3d pref. debentures
4th pref. debentures
New mortgage, 6s, 1927
JAD
Collateral trust Gs, 1892 ....JAJ
1st extension 6s, 1927
Q—J
St.L.A Cairo—4s, guar., 1931 .JAJ
mm
mmm
......
160
102 V 105
1st, incomes
Int. & Gt.North.98
104*4 105
St. P.E. AGr. Tr’k, 1st, guar.. 6s.
112
5
67*2 70*2 Mil. A No.—1st, 6s, 1910.... JAD 110
f 102*3 104
1st, 6s, on extension 1913..JAD 107 *2 109*2
112
3
Minn’p. A St. L.—1st M., 1927. JAD 103
89
) tl3L3i 132*
943»
1st M., Iowa City AW 1909. JAD
80
95
2d mort., 7s, 1891
JAJ
115
) (114
Southwest. Ext., 1st,7a, 1910. JAD
H19 V 120*2
Pacific Ext., let, 6s, 1921.. AAO
Imp. A Equip. 6s, 1922
JAJ
65
Kanawha A O.
102
Minn’p. A Pac., 1st, 5s, 1936.. JAJ
95
97
93
Minn. S. Ste. M. A Atl.—1st,5s, 1926 : 9i
116
f 115
102
Minu. A N. W.—1st, 5s. 1934..JAJ
1115
118
Miss. A Term.—1st M., 8s,series “A” ii i
f 112
113
......J
8s, series “B”
JAJ 111
923s 925* Mo.K. AT.—Cons. 7s.. 1904-6..FAA
98*2 9 3*4
81
Kan.C.A Omaha— lst.5s, 1927 J&J
83
66 *2 68 i
Consolidated 6s, 1920
JAD
K.C.St. Jos.A C.B.—M. 78,1907. J&„ 1 120
121
58*4 59 |
Consolidated 5s, 1920
JAD
!
50
2d mort., income, 6e* 1911.. A AO
JLC.Spr.&Mem.—1st,6s, 1923.MAN 111*4 111*2
Ken. Cent. Ry.—Gold 48,1987.J&J
693i 70*2!
i
1st, 6s. g., 1899. (U. P. 8. Br.)JAJ
105
106
KeokukADes M.—lst,58,guarJ
Hail. A C. Mo., 1st 7s, g.,’90.MAN
107*2;
Knoxv. & Ohio 1st, 6e, 1925...
9b ^ 97
1 o.Pac.—-1st mort.,68,gld,’88, FAA 102*4 1023&
Lake E. A West.—1st,g.,5s, 1937
110
Consol. 6s, 1920
108*2.
MAN 107
Like Shore & Mich. So.—
103
2dmort.,78, 1891
JAJ 107
111
113*2
Car. B., 1st mort., 6s, g. ’93..AAO
120
122
117
3d mortgage, 7s, 1906
MAN
102
Verd.V.Ind.A W.,l8t,5s, 1920 MAS c
12ft *4 129"
j
Leroy A C. Val.f Lsr,5s. 1926.J&J
121
H3
j
126*4 127
1243b 124?*
12 5*2 116
|
1253b 115*3*
102
104
i
......
J
106*2
8V
33*.
7*2
s *4
1
,
do
Cons. 1st M.,8s,’91.MAS
do
6s, 1891
MAS
Joliet A N.Ind.-,lst,7s (guar.M.C.)
Mich. A Ohio—1st, 6s, 1923 ..MAN
Midd. Un. A Wat. Gap—1st mort..
2d mort. 58, quar. N.Y. 8. A W...
Mil. L.Sh.AWest.—lstOs, 1921. MAN
Conv. deb. 5s, 1907
FAA
Mich. Div., 1st, 6s, 1924
JAJ
Ashland Div., 1st 6s, 1925..MAS
i
70
21
j
82 *2
90
60 '
81*4
A&O
JAJ
A&O
J.L.ASag.NortliExt.,88,’90.MAN
115
)
.
•
a
.
Aok.
89'
1 87 '
50
1 45
50
1 45
j N.Y. Phil. A Nor.—1st, 1923 ...JAJ OS *4 98 V
Income, 6s, 1933
A&O
20*4 20*2 IN.Y. Siisq. A W.— Deb. 6s, '97.FA A
102*2 101
1st refund., 5s, 1937
S2*s
IAJ
923&
99*2 100
2d mort., 4 Vs, 1937
FA V
39*4 40
114
j Midl’d of N. J.-1st,6s,1910.AAO Ill
99
100*2 N. Y. Wood.A Rock 2d inc. 1912..
12ft *2 127 k ! Norf’k AW.—Gen’l M.,6s,1.931 MAN 117
118
108
1:3 V
NeW River 1st 6s. 1932
j
AAO
103*2 1C4
LOG
| Impr. A Exten., 6s. 1934
FAA 105
102
103
| Adjustment 7s, 1924
Q.—M. K9
Conv. deb., 6s, 1834
93
)AJ
New 1st mort. 6s
Mich. Cent.—Consol.,7s, 1902.M&N
Consol. 5s, 1902
MAN
1st M. on Air Line, 8s, 1890.JAJ
Air Line, 1st M., Ss, guar.. .MAN
Gs, 1909
...MAS
5s, coup., 1931
MAS
Kalamazoo AS. H., 1st,8s,’90.M AN
113
113
118
81*4
)
i
1
65
17
roc.
Debenture 10s, 1890-95
Scrip 10s, 1889
Mexican Nat.—1st, 6s, 1912
2d mort. inc
3d mort. ino
Leased L. rental trust, per deb. 4s
West. ext. certifs, 8s, 1876..JAJ
do
do
7s, guar. Erie
114*8 L15
106
107
73
77
6t>4» 67
70*2 71
J&J
I
Bid.
iN.Y.Pa.A O.—1st, inc.,acc.78,1905 138*2 39 V
do
108
prior lien,inc.ac.,5-6s,’95 1106
105*2
Incomes, 1911
......
^
co
Railroad Bonds.
117
120
JAJ
Teun. lien, 7s, 1915 J&J
Scaled 4s, 1911.....
Bond scrip
^
111
cons..
.Gold, 6s, 1924
JAJ
Metrop’n Elev.—1st, Os, 1908, J&J
2d
Os, 1899
MAN
i Mexican
Cent.—1st, 7s, 1911..JAJ
1(4
107
)
1st.
117*3 118*2
116*3
111*2
105
65
68
104
94
I
Ask.
i
70
1
k,
)
1
r
BONDS—Oostinctbd.
Bid.
Railroad Bonds.
j
J
J
)
>
)
[You XLVT
Explanation)! See Notes at Head of First Pa?e of Quotations,
Bid.
Railroad Bonds.
CHRONICLE
j!
...
io9*e iio
106
107
Perkiomen—Cous.6s,, 1913, sterling : 95
Petersburg -Class A, 1926
JAJ 106*45
75
107
110
70
105
^
Clas3 B, 1926
AAO 106*s
Phila. A Erie—1st M.,7s, 1888.J AJ 10234 103
Gen. M.. guar., 6s, g., 1920. .JAJ :iao
132
Consol. 5s, 1920
AAOi 111
Phila. A Read’g— 1st, 6s, 1910.JAJ
121
2(1, 7s, ’93
;
AAO no
Debenture 6s, 1893
JAJ
Consol.M.,7s, 1911, reg.A cp.JAD
Consol, mort., 6s, 1911
J&D
Improvement mort., 6s, ’97.AAO
Geu’i mort.,.Gs, 1908
Jaj
Gen’l moil., 7s, 1908
JAJ
Convertible, 7s, 1893
JAJ
Cons. 5s, 1st series
MAN
Cons. 5s, 2d series
FAA
Scrip for 6 deferred *2 coupons
Con. adj. scrip
..
Deferred income
Ineome mort., cons. 7s, ’96, JaU
Coal A I., guar.,7s,’92,ex-ep.M&S
Pliila. Wil. & Balt.—6s, 1892* .AAO
Trust certs., 4s, 1921
1 In London.
HCoupon off.
13L*s
120
103 V
114
116*4 117
65
96
97
72
74V
100
;90
113
21
81
82
75
103
104
: A&O (109*2 110
JAD U04
104 V
JAJ
10L
6s, 1900
5s, 1910
......
c.
•
In Frankfort.
Mat 19,
Explanations Nee Notes at Head
For
of First Paare of Quotations.
iTexas & Pac.—(Continued)—
).
1061-}
Cons. M.,6s, g. 1905.tr. rec. J&D.
y
471 1
Iuo. and land gr., reg., 1915. July
[*.
70*
Rio Gr. Div., 6s, 1930, Truat
118%
118
).
61
132
Gen.M.&ter.
6s,1905.tr.rec.
a&O.
130
+
J
8 l **
Sterling cons. M.
N.O. Pac.. 1st, 6s,gold, 1920.J&J
r
143*$
93^k
V
plttsb.Ft.W. & C.—1st,7s,1912
142
Tol.A. Ar.&N.M.—lst,6s, 1924.M&N
139
2d rnort., 7s, 1912
J&J
J
106 ^
Pol.A.A. &Gr.T., 1st,63,1921... J&J
5
99
3dmort.,7s, 1912
A&O) 1311s
Tol. & Ohio Ceut.—lat, 5a, gu.1935
115
85
Pittsb. McK.& Y.—1st.6s,l 932. J&J
Tol. Peoria &W.—lst,7s,l 917, tr.rec.
73is
Pittsb. & West.—1st, 4s. 1917.J&J
J
90
Tol. St.L.&K.C.,lat,6s,1916...J&D
f
Pitts. Y. & Ash.- 1st,5s, 1927.M&N 1*05
0
United Co sN.J.—Cona.,6a,’94.A&0
108
A
Portl’nd&Ogb’g—lst6s,g.,1900J&J 105
do
gen. 4a, 1923
F&A
Port Royal & Aug.—1st, 6s, ’99. J&J
s uio
35
Sterling mort., 6a, 1894
M&S
Income mort., 6s, 1899
J&J 139 *
do
68,1901
M&SS 112 L
Ren.&S’toga—lst7s,1921 cou.M&N
N 102J;
Cam. & Amb.,mort., 6s. ’89.M&N
52is 53
—J&D)
Pittsb.C.& St.L.—lst,7s, 1900.F&A)
Pittsb.Cl.&Tol.—1st, 6s, 1922. A&O
pittsb.&Con’llsv.—lstM.7s,’98.J&J
Creek-68, 1932
„
u
.
.
Pref
100
do
Buffalo N. Y. & Phila.,a?s.pd
50
do
do
Pref... 50
Buffalo Rochester & Pittsb
100
do
pref
100
47*
71*
63
101
i
California Pacific
California Southern.
Camden & Atlantic, Pref
Canada Southern
Canadian Pacific
Catawissa
1st pref
do
do
2d pref
Cedar Falls & Minnesota
Central of Georgia
Central Iowa, 2d a?acsm’fc
1st, 6s, 1898
1st, 6a, 1899
Land Grant, 7s, 1887-9
Sink. F.,8s, 1893
......
Con.
83
A&O
gold, fs, 1936
Blch.Fred.& Pot.—M.7s, ’81-90.1 &J
Rich. & Petersb., 6e, 1915
MAN
New mort., 7s, 1915
M&N
Richmond York Riv. & Ches., 8a
On.
105
101
M&N
& West Pt.Ter., 6s, 1897. F&A
88*
88 *
118
116
Rich.
Rock. & Pitts., 1st, 6s.
1921...F&A
6s, 1922
J&D
income, 1921
Rome & Carrollt.—1st, 6a. g., 1916
Rome & Dec.—1st., 6s, 1926. ..J&D
do
do
do
do
......
110*
RomeWat’n&O.—S.F.,7s,1891.J&D
2d mort., 7s, 1892
J&J
107
Consol., let ex. 5e, 1922—A&O
M&N
Batlanu—1st M. ,6s, 1902
Equipment, 2d mort., 5a
108
94
F&A
102is
ftJo. & Gr. Isl’d—1st,guar.68,1925
2d mort.. incomes, 5s, 1925
32
Bellev.A 8.111.,1st,S.F.8s,’96. A&O
Bellev.& Car., 1st 6s. 1923..J&D
fit. L. Ark. & Tex. 1 st 6s, 1936.M&N
2d mort.. 6s, 1036
F&A
fit. L. & Chic.—1 stcon.6s.1927. J&J
Ss. L. & I i on Mt.-l8t.7s, ’92.. F&A
2d mort., 7s, g., 1897
M&N
Ark. Br. 1. gr., M., 7s, g., ’95.J&D
Cairo Ark. & T.,lst,7s,g.,’97.J&I)
Cairo & Ful.,lst,l.g.,78,g.,’91.J&J
Gen. con. r’y & 1. g., 5S.1031A&O
St.L.& San Fr.—2d c). A,1906..M&N
2d M., class B. 1906
M&N
......
112is
99
39
1091s
105is
107
105
104
85
Equipment 7s. 1895
J&D
General mort.. 6s, 1931
J&J
General mort., 5a. 1031
J&J
1st trust, g.. 5s, 1987
A&O
Ft.S.& V.B.Bd.,3at,6s, 1910.A&O
fit.L.K.&So.W. -1st 6s, 1916M&8
Truat bonds, 6s, 1920
F&A
8t. L. W. & W., 6a, 1919
M&8
97
105
104
97*
.....
94
c
,
Cent.—1st, 6s, 1937J&J
fian Ant.& A. Pass.,1st,6a, 1916. J&J
Montana
do
llGSg 117*
102
106
105
•
112*
116
115
117
do No. Mo., 1st, 1895...J&J
do St. Cha’s Bridge 6s, 1908
Wab. Fund, 1907—Var. 7s. F&A
1 Warren (N.J.)—2d, 7s, 1900 ..A&o
West Chester—Con. 7s, 1891..A&O
.....J
W.
}
115*;
West Jersey—1st, 6s, 1896
1st mort., 7s, 1899
Consol, mort., 6s, 1909
West Shore—Guar. 4s
VestVa C.&Pitts.—1st,6a, i
117*!
97*
111
Jersey & At. 1st M.,6al910M&S
vesrn
85*
85*
|
Ala.—1st M., 8s, ’88...A&O
’90
A&O
Vest.MaryTd—3d on.,6s, 1900.J&J
^eat.N. Y.&Penn—lPt.5s. 1937J&J
2d in., 3a g.—5f sc. 1927
A&O
£
92
92
Warren &
90
93*
92*
Fraeb
,
1st,7a,’96 F&A
ii5*
no
108
107
107
105
8yrJ3ing.&N.Y.—consoles,’06A&O
Tax. Cent.—l8t,sk.fd.,78,1909M&N
1st mort., 7s, 1911
M&N
Texas & New Orleans—1st,7s.F&A
Sabine Div., lat, 6s. 1912...M&8
Tex. & P. —East.D. 1st 6s,1905.M&S
1st gold, os, 2( 00
J&D
2d gold inc.. 5g, lOOO
Mch
Price nominal,
Drexel rec
Drexel rec.
.
121*
pref
do
50
; Bell’s Gap
50
ItO
97* Belleville & So. Ill., pref
Boston
&
Albany
100
116
flio
Bost. Con. & Montreal.Pref., 5.100
132*
i Boston Hoosac Tun. & Western
45
....
115
100
109
92*
4< *
100
!Boston & Maine
100
'Boston & N. Y. Air-JLiue, pref.. 100
i Boston & Providence
100
! Boston Revere Beach & Lynn.. 100
i
45
117
93
Boston &
Lowell
^Brooklyn Elevated., new
t Purchaser also pays accrued Interest.
\ In Londou |] Coupon
10
137
140
108*
184*
100
3 00
100
51*
40
......
114* 117
105
.
85
....
s
157
I
Dubuque
& Sioux City
So. Sh. & Atl
Duluth
L
99*
18
49*
10*
8
16
37
94
75
5
22
100
do
Pref
104
EastTenu.
Va. & Ga. Ry
100
125
E
1st pref.. 100
do
do
125
do
do
2d pref...100
90
Pennsylvania
50
E
40* East
East
& West, Alabama
124
E
Eastern
(Mass.)
100
105
h
Pref
do
100
104
E
100
Eastern In N. H
Elizabeth Lex. & Big Sandy.... 100
11*^E
Elmira
& Williamsport, 5
4
E
50
do
Pref., 7..50
1*
,
*
155
87*
83
b*
L33
101
116
Evansville
& Terre Haute
E
Fitchburg.
Pref
F
......
50
13
9*
22
42
95
7
23
24
54*
124
129
125
130
10
16
44
J
64
85
...mmm
83
89%
45*
107* 107%
363a 37*
89*
45
12
Pacific
Railroad & Bank’g Co. 100
G
Grand
Rapids & Indiana
Green
G
Bay Winona & St. Paul.. 100
Georgia
G
iG
Georgia
c In Frankfort.
70
158
160
22*
S
F
Flint
& Pere Marquette
do
do
Pref... 100
Fort
Worth & Denver C
100
F
Galv. Harrisb. & San Antouio
G
off. $ Price per share,
184%
51*
10*
63*
$ 53
100
10J
100
150
109
62
9*
50
do
do
Pref
100
H
Houston & Texas Ceutral
100
H
Huntingdon
& Broad Top
50
do
do
Pref... 50
44*
Illinois
Central
E
loc
75
Leased line, 4 p. o. 100
do
200
199
Indiana Bloom. & West.,ass. pd.100
103
103* Ii
J
Je$’v. Mad. & Ind’p’s, leased..
Kanawha
& Ohio
K
i"59 160
do
1st prof
210* 211
do
2d pref
98
97
Kan.
City Ft. Scott & Gulf
10j
235
K
234
do
do
Pref.. 100
165
160
4ft
C
3s;
Kans. City Mem. & Birin..
Iuo
20
137>»
1295a L297a
do
do
pref. 100
Denver
& Rio Grand© Western. 100
I
Des Moines & Fort Dodge
100
I
Pref.. 100
do
do
Det.
I
Lansing & Northern, com .100
do
Pref. 100
do
99
93*
.
101*
& Portsmouth,guar.,7
Connecticut & Passumpslc
c
River
Connecticut
C
175
170
20* 22
I
Danbury
& Norwalk
50
103* 103:* IDayton & Michigan, guar., 3 *..50
do
Pref., guar., 8.50
104
I
Delaware
& Bouud Brook
100
102
I
Lack. & Western
Delaware
50
106
120
I
Denv.
& Rio Gr
100
119
■
8asp.B.&ErioJunc.—1st M.,7s
Drexelrec..
1st pf.
2d pf.
kConcord
......
120
117
.
Cop—1st, 5s. 1905. ..J&J
Sarnmit Br.—1st, 7s, 1903
J&J
Sanb.Haz.&W-B.—lst,5s,1928M&N
2d mort., 6s, 1938
M&N
com.
100
100
(Cceur d’Alene
Columbus
& Xenia, guar., 8
50
(
(
Col.
Hock. Val. & Tol
100
(
Columbia
& Greenville,pref.... 100
Concord
50
(
..
...
104
.
.
1st pref
2d pref
29
..100
|
2d, 7°, 1899
M&N
heeling & L. Erie—1st, 5s,...1926
fieaboard & Roan.-6s, 1916..F&A
ichita & Western—1st, 6s
J&J 101*
5s, coup., iy-6
...J&J ib’y* no* Wllrn.
120
Columbia & Augusta, 6s
fidoto Val.—1st, 7s, sink’g fd..J&J
Wil.& Weldou—S. F., 7s, g., ’96. J&J
2d mort., 7s, sink’g fd
A&O
89
Wisconsin Cent.—new 1st, 5s
60
Consol. 7s, 1910
J&J I 101
40
Incomes, non-cum., 5s
fiham. 3un.& Lew.—1st, 5s,’12 M&N
123*
Wis. Valley—1st, 7s, 1909
J&J
fiham.V.& Pott?.—7s, con. 1901 J&J
103
Worc’r& Nashua—5s, ’93-’95.. Var.
93*
fihenandoan Val. -1st,7s, 1909.J&J
Nash. & Roch.. guar.. 5s. ’94.A&O 102*
34
32
General mort., 6s, 1921
A&O
RAILROAD STOCKS. Par
60
65
fihreve. & Hous.—1st. 6s, gu., 1914
Ala. Gt. South.—Lim.,A., 6s,pref.. t 10*
106
Sioux C. & Pac., 1st M., 6s,’98.J&J 104
l 3*
Lim., B, com
fiodus Bay& So.—lst,5s,g.,1924J&J
t
1
Ala. N. O. & Pac., &c., pref
103
So. Carolina—1stM.,6s,1920..A&O 102
*
do
def... r
do
81
2d mort., 6s, 1931
J&J
148
13
15* Albany & Susqueh., Guar., 7... 100
Income 6s, 1931
50
55
Allegheny Valley
50 87*
So. Cen. (N.Y.)—Conaol. mort., 5s..
97* 97* Atchison Topoka & Santa Fe..l00
South. Kansas—lat, 5s, 19 26.. M&S
82*
94
94* Atlanta & Charlotte Air Line ..100
Texas Dlv., 1st, 5s, 1926
M&S
8
Atlantic & Pacific
..100
93
94
Income, 6s...
132
114*
Augusta
&
Savannah,
leased...
100
So Pac,Cal.—lst,6s,g..1905-12 A&O
Baltimore & Ohio
100 100
So. Pac.,Ariz.—1st,6s,1909-10.J&J 107*
123
do
1st pref.,6
100
107
So. Pac.. N. M.--1st, 6s, 1911 .J&J
do
pref
2d,
100
110
Staten Isl. Rapid Trans.—1st mort.
2*
Parkersburg Branch
100
Steuben. & ind., 1st 6s, 1914..J&J 107
.Beech Creek
50
Stock. &
.
do
do
do
do
do
•
lOo* 106*
Consol. 6s, 1911
J&J
West’nPenn.—1st M., 6s, ’93..A&O 109
Pitts. Br., 1st M., 6s, ’96
J&J j no
115
117
L15
114
116
114
J&J
A&O
A&O
J&J
911
2d mort., 8s, guar.,
Sandusky Mansf.&N.—1st, 7s,1902
•
-
-
32*4
!
laf,6s,1926.J&J
8av. FI. & W.—lat, Ce, 1934..A&O
At. & Gulf, con. 7s, ’97
J&J
So. Ga. & Fla.—1st, 7s, 1899
50
...
110
113
89
100
100
......
ill*!
c
M&N
2d, 78,guar., 98
do
Pref
Central Pacific
Charlotte Col. & Aug
Cheshire, pref
100
93
Chicago & Alton
100
'Chicago & Atlantic Beneficiary
104* Utica &Bl’k R—Mort.,7s,’91..T&J1 1104
51 *
51*
105* Chicago Burlington & North.. IOC
s
108* Valley of Ohio—Con. 6s, 1921.M&S
115
1151*
103
si
102*
Chicago Burlington & Quincy.. 100
94* Ver. & Mass.—Guar. 5s, 1903 M&N
1
Chicago & Canada Southern..
3
90
103
Vicksb. & Mer.—1st, 6s, 1921.A&0
Chicago & East. Illinois
100
40
2d, 4-68, 1921
M&N* 40
7
do
pref.... 100
5*
3d, income, 7s, 1921
103
Chicago & Grand Trunk
Vicksb. Sh. & Pac. -Prior lien, 6s.. 1106
118
Chicago & Ind. Coal Railway.. 100
3 116
Va.Midlaud— 1st ser.,6s,1906.M&S
do
do
pref.. 100
40
2d series, 6s, 1911
M&SS 114* 115
72^8
Chicago Milwaukee & St. Paul. 100 114
120
3d series, 5-6s, 1916
M&S8 107
do
pref.,
7.100
3
68
114
4th series, 3-4-5s, 1921
M&S
97* Chicago & North Western
97
100 108*8
5th series, 5s, 1926
M&S3
do
Pref., 7.. 100 142
J
90
40
Incomes, cumul., 6s, 1927...J&J
109*
78* Chicago Rock Island & Pac.... 100
78
Gen. 5s, guar., 1936
90
M&N4
13
100
Chic. St. Louis & Pitts
110*
Wab.St.L &P.—1st,ex.,7s,’90.F&A
35
do
85
pref
100
82*
)
Mort., 7s, 1879-1909,Tr.rec. A&O
38*
Chic. St. P. Minn. &0m.,com..l00
85
2d mort., 7s, ext. 1893, ex..M&N$
108*
do
9
pref.. 100 107
Equipment 7s, 1883
M&N) 41
39*
45
Chicago & West ... Jhigan
100 74
105
Gen., 6s, 1920, Tr. rec
J&D
Hamilton
100
Cin.
&
Dayton
85
84
Chic. Div., 5s, 1910 Tr. rec..J&Jr
70
Cin. Indiauap. St. Louis & Chic.100
117
Havana Dlv., 6s, 1910
J&J
Cincinnati
N.
&
Tex.
100
O.
Pac
117
Indiauap. Div., 6s, 195*1
J&D)
Cin. Sandusky & Cleveland
107
50
Detroit Div.,6a, 1921 Tr. rec. J&Jj 103
117
do
Pref., 6.50
85
80
Cons.mort.,7s,1907,con vert.Q—F
Cincinnati & Springfield
102
1st. St.L. div., Vs, 1889
F&A 110*
2*
1
3*
(
Cin.
Washington & Balt
100
Gt. West., Ill.,1st, 7s, ’88
F&A 110*
4*
5*
do
pref..
100
85
do
2d, 7s,’93....M&N
33 %
a
100
(
Cleveland
Akron & Col
48
116*
49
Q'ncy & Tol., 1st, 7s,’90....M&N
c
Clev.
Col. Cin. & Indianapolis.. 100
I11.& S.Ia.,l8t, 6s, 1912
F&A
7
104*
7*
Canton
no
Cleveland
&
109
j (
8t.L.K.C. &N. (r.est.& R.),7s.M&S
1.9* 30
do
do
Pref..
1
)
do Om. Div., Ist7s, 1919. A&O
105 i
Clev. & Pittsburgh, guar., 7
50 158
!!
do Clar. Br., 6s, 1919.. F&A
.
1081s
1161s
fit. P. & Duluth—1st, 5s, 1931.F&A
8t P.Minn.A Man.—1st 7s, 1909 J&J
2d 6s, 1909....
A&O
Dak. Ext., 6s. 1910
M&N
1st consol. 6s. 1933
J&J
do
reduced to 4*s ..J&J
Minn’s U’n, 1st. 6a, 1922
J&J
Montana Ext 1st, 4s, 1937. J&D
100
50
-
1023s
fit.L.Vand.&T.H.—lstM.,7s,’97.J&J
2d mort., 7s, 1898
M&N
Central of New Jersey
Ceutral Ohio
......
116
116
116
2d M., class C, 1906
M&N
South Pacific.—1st M, 1888 .J&J
Kan.C. &Sw., 1st,6s,g.,1916..J&J
Pierre C. & O. 1st, 6s
..F&A
100
....
38
114is
I09is
101 is
6t.L.Alt.&T.H.—1st M., 7s, ’94.J&J
2d mort., pref., 7s, 1894
F&A
2d income, 7s, 1894
M&N
Div. bonds, 1894
•
50
50
100
100
pd..lOO
Chesapeake & Ohio, common
•
50^4
59^
pref... 100
do
[)
J&D
115
ST
112
M&N
M&NV’ 109* 109*
Oregon Short-L., 6s, 1922 .. F&A^
Utah Cen.—1st M., 6s, g.,1890.J&JJ
Utah So., gen., 7s, 1909
J&JJ
do ext,1st,7s,1909 J&JJ
95
1
1st M., 6s, 1896
Denv. Div., 6s
1st cons. M.,6s,1919
104
94
110*
111*
100
50
100
100
50
Central Massachusetts
3 1120
Bridge, sterl. 8s,g., ’96.A&O
Collateral trust, 6s, 1908
J&JJ
3
Collateral trust, 5s, 1907....J&D
Kans. Pac., 1st, 6s, 1895
F&AA
1121s
2d mort.,6a...
Consol. 1st,
1
,
102*
J&JJ 114*115
J 115*116*
J&J
J&JJ 116
3 101
A&O
M&SS 118* 119*
125
1st, 6s, 1897
114* 115
•
104
112
123
114*1114*
J
Union Pacific—1st, 6s, g., 1896. J&J
9*
Burlington C. Rapids & North.. 100
99*
108
100
91
94
......
Rieh’dA Allegli—1st, 7a, trust rec.
Rich’d & Danv.—Con.,6s,’90.. M&N
General mort., 6r, 1915
J&J
Debenture, 68,1927
A&O
Ask.
100
Brooklyn & Montauk
118
6s,g.,guar.J&J
Var
Bid.
Railroad Stocks.
Ask.
Bid.
Railroad Bonds
Ask.
Bid.
Railroad bonds.
BONDS—Continued.
QUOTATIONS OF STOCKS AND
GENERAL
Pine
615
THE CHRONICLE.
1883.]
197 1
8
9*
14
12
S
38*
120
97
11
70
15*
198
12
10
19
18
17
39
121
12*
1
5
75
*79**
136* 137*
47
48
nsterdam.
646
THE CHRONICLE.
QBN'ERA.Li
For
Railroad Stocks.
Bid.
Ask.
Kan.C.8p’dA Mem.100
76
30
7
77
40
10
Kan.C.Cl’n & Sp’d.100
Kan. City & Omaha...
Kentucky Central. 100
Keokuk & Dee M..100
do
pref..l00
Keokuk & West
4*2
23
Kingst’nAPeinbr’keSO
34
Lake Erie &W....100
do
Pref.100
L. Sh. & Mich.So.. 100
Lehigh Valley
91%
50
52%
50 §16712 170
Little Miami
Little Bock A Ft. Sm.
Little Schu’k’l
50
50
mmm*
Long Island
50
La. <fe Mo. Biver. .100
do
Pref
100
Lou. Evans. & St. L.100
do.
a
64
92%
•
9112
101*
Pref.100
22
56
36
37
88
Louisv. A Nashv-.lOO
Louisv.N.A.ACbic.lOO
Mahoning Coal HR.50
do
34%
14%
45%
913s
52%
141a
45
Pref. 50
Maine Central.... 100
21212
93is
1512
80
52
Memph.A Chari
25
Mexican Central ..100
Mexican Nat., Tr. rec.
Mex. Nat. Constr. Co.
Michigan Cent.... 100
714
23
79%
25
55
Mil. Lake S. AW. .100
do
pref.100
88is
Mil. A Northern... 100
Mine Hill A S.H....50 § 64
Mlnneap. A St. L..
7
do
Pref...
14
Bid.
g
St.
Louis & Ohio. pref.
at. L. Van. A T. H
4t. Louis A San Fr.100
do
Pref... .100
do
1st pref.100
?9t. Paul A Duluth. 100
do
Pref.100
S9t. P.Minn. A Man. 100
!Scioto Valley
50
?
Seab’d
A RoanokelOO
eSouth Carolina.... 100
g
Southern
Pac. Co.. 100
g8’west., Ga.. g’d, 7.100
g8yr.Bing. A N.Y. 100
gSummit Branch,Pa. 50
18
do
14%
77%
Pref. IOC
Coup. 7s.
65
67
29*2
30%
17%
37
37%
108%
10%
Coal.
12
12
10
28
%
%
....
8is
do
N.Y. West Si
30
Norf.AWest,
18is
48
1
l
States
100
\
'l
138
109
69
135
AND
l
1
I
%
3%
Generalmort. cert..
(
(
ICO
16
25
90
96
160
90
j
(
Bonds.
1
Mutual Union 6s.
Bonds, 1st 6s
75
80
TELEPHONE
STOCKS.
30%
75c.
44%
Il4
50o
85
20%
160
90
31
75
Illuminating..
31
285
1*09%
500
460
136
160
205
170
115
550
600
575
; 49%
HO
do
pf.,guar.lO.
Bohuylkill Nav...
188
§
§
Un. RR.,lst, end.,6s.
Col. Coal A Iron—1st, 6s
Col A Hock. C. A I.,6s..
.
3
21%
7
..
7
4%
..100
103% United States
100
,Y. A BR’KLI
113
iii
HORSE RRS.
105%
(See Local Securities in
Chronicle each w'k,
*1*0*6 100%
except th ird of month)
82%
8
200
101
95
39
GAS
295
142
165
215
175
5*9*6
620
STOCKS.
96% Balt. Consol. Gas
49
49%
109
Balt. Consol. Gas, New
)
11
46% 46%
13
102%
103
Boston
) 169is 170
Gaslight.. .500 L0O0 1005
[
112
EastBoston
)
25
23
40
41
25
102%
Roxbury...
100
25% 253s
103
10*5
South
Boston
) 130
100 115
120
St. L. Bridge A Tun—
) § 523a
Brookline, Mass... 100 103% 105
*52%
) J136
140
Cambridge, Mass.. 100 170 170%
9
) ' is %
Chelsea, Mass
100 112
114
*19%
86
85%
)
Dorchester, Mass.. 100 110% 111
63
65
Jamaica Pl’n.MasslOO 155% 156
>5
2b%
STOCKS.
) $120%
Lawrence, Mass...100 129% 130
SO
35
Lowell
)
100 195
6130 61%
200
3
31% 32
Lynn, Mass., G. L..100 114
)§ 69% 70
Aspinwall
Land....l )
8%
8% Maid. A Melrose.. .100 109
) l
109%
Boston Land
1 )
7%
7%! Newton A Wat’n ..100 136
P
140
Boston Water Power.
7%
7%
Salem, Mass.,
7 153% 1*5*5
100 108% 109
3
5
4%
)
Brooklyn, L. 1
25 103
105
3
43
46
)
Citizens’,
53
83
1
t 81
......
...c
.
r
Phil. Germ. A Nor..
do.
1.Y01
......
)
)
3
do
a
^
do
do
Pref....
Richmond York R.
Rome A Decatur..
do
do
'
0
L.
0
0
0
0
0
l)
!.
0
0
0
0
0
0
0
.
70
96
122
4
116
165
4
120
153
140
111
235*
65%
92
124
118
170
12
150
66
98
34%
35
15
39
80
74
13
Keeley Motor....
3
3
N.E.Mtg.SecurJBost.
,
3
3
.
10%
2%
92
35c
12
3
95
50C.
Land scrip
.
23%
92
36
Frenchman’s Bay Ld.
Henderson Bridge Co
112%
90
5
13
East Boston Land.
0
0
Philadel. Co. Nat
Pullm’n Palace C
San
5%
0
Diego Land.
52
94
35
94
54
95
'35
96
145% 147
30%
f ’107
*51
.
St. Louis Tunnel
14%
Price nominal; no late transactions.
Brooklyn.20
210
Metropolitan, B’klyn.
79
5
5% Nassau, Brooklyn ..25 102
9%
9% People’s,
Brooklyn. 10 70
100
Williamsb’g,
B’klyn 50 121
6
.
tuo
0
60
95
)
24%
30%
109
53
112
70
100
24%
Charlest’n,S.C.,Gas.25
Chicago G.A Coke. 100
Chicago Gas Trust....
Cincinnati G. A Coke.
Hartford, Ct., G. L..25
Jersey C.A Hobok’n20
People’s, Jersey C
Louisville G. L...
Memphis Gas
Central of N. Y
50
Consolidated, N.Y.100
Equitable, N. Y...
Mutual of N. Y....100
N. Orleaus G. L. ..100
Portland, Me., G. L.50
St. Louis Gas
100
Laclede, St. Louis. 100
San Francisco Gas....
Wash’ton City G. L.20
t Purchaser also
pays accrued iutcrest.
4-00
1*50
•10
1*70
4-00
100
Ophir
10
V-38
21-00
‘*9*38
Plymouth Consol
Potosi
Quincy (copper)
Kappahanock
lied Elephant
Robinson Consol..
1
72-00
•11
10
50
•60
Savage
•07
200
*12
3 00
1-20
500
138
17
Central
Franklin
Huron
Minnesota
National
Osceola
Pewabio
Quincy
Ridge
10
25
25
25
25
25
25
25
25
25
25
Tamarack
MAN UFACT’ING
STOCKS.
Am. Linen (Fall Riv.)
Amorv (N. H.)
100
Amoskeag (N.H.) 1000
Appleton (Maas.). 1000
Atlantic (Mass,)... 100
15%
4%
500.
2%
22
830
15%
4%
1-50
3%
22%
3
850
695
109
«
.
.
.
Crystal Spr. B1.(F.R.).
Davol Mills (F. R.) 100
•
Everett (Mass.)... 100
....100
Lowell (Mass)
690
Lowell Bleachery.200
Lowell Mach.Shop.500
LymanM. (Mass.). 100
Manchester (N.H.) 100
§ Quotation
per
share.
700
110
102
95
114
1320
137%
1005
160%
925
102
L08
410
7%
40
75
40
69
700
70
710
59% 60
103
90
114
88%
790
84
Jackson (N, H.)..1000 lOoO
tCing Philip (F. R.) 100
75% Laconia (Me).. ....400 460
106
112
Lancaster M. (N.H) 400 575
90
92
L’rel Lake Mills (F. R.)
95
82% 83% Lawrence (Mass.)lOOO 1490
X In Loudon.
1%
17%
1905 1915
74%
39ig
«•«•(* ft
105% 107
Holyoke W.Power.lOG 220
57
•13
......
72%
1%
1%
160
161
......
Hill (Me)
120
•11
500
2%
^
Flint Mills (F. R.) 100
Franklin (Me.)
100
Gl’be Y.Mills(F.R.)100
34% 35% Granite (F.R.)
1000
180% 181
Great Falls (N. H.)100
25
26
Hamilton (Mass.) 1000
160
Hartf. Carpet (Ct.)lOO
56%
39%
*80
4-50
72
Barnabv (Fall Riv.)...
Barnard Mfg. (F.R.)..
Bates (Me.)
100 113%
Boott Cot. (Mass.JlOOO 1310
Border City Mfg. (F.R.) 133
Boston Co.(Mass.)1000 1000
Boston Belting....lOO 160
Bost. Duck (Ma88.)700 875
Cbace (Fall Riv.) .100 100
Chicopee (Mass.) ..100 107
Cocheco (N.H.)
500 400
Collins Co. (Conn.).. 10
7%
Continental vMe.). 100
36
Cres’t Mills (F. R.) 100
F. R. Machine Co.. 100
75
m mm
Androscog’n (Me.).100 117% 117%
72
124
20
66
m
44% 45
4
6
244
245
20o.
21o.
23
25
Calumet A Hecia...25
Catalpa Silver
210
70
64
118
m
STOCKS.§
Dougl’s Axe (Mass) 100
Dwight (Mass.). .,500
120
47% 52
55
*...«»
m
3-60
Allouez
25
Atlantic
25
Bost. A Mon... (Copper)
Brunsw’k Antimony
57
82
70
119
9*75
100
Sierra Nevada
100
95C. Silver Cliff
50
45
8ilver King
70c. Standard
100
Sutro Tunuel
Onion Consol
100
65
Utah
90
Yellow Jacket
BOSTON MINING
STOCKS, N.Y.
80
52%
235
•85
350
Osceola (copper)...
Pewab^c (copper)..
76%
115% 116
76%
7*25
Little Pitts
Mexican G. A Silv.ioo
Mono
Monitor M AM.!!.]
Navalo
TRUST CO.’S
3%
do pre
18%i MISCELLANEOUS
48%
BONDS.
179
92
outh’n A Atlantic.25
Western Union.... 100
7s, 1900, M. AN
48
do
177
6
90%
23
4*00
*05
Lacrosse
10
Le idville Consol.... 10
Little Chief
50
95
102
170
20
15*00
Gould A Curry 8.. 100
Green Mountain.... 10
Hale A Norcross. .100
Horn Silver
Tron Silver
20
*3*3
Cable, new.
Tel., 1st mort. b’ds
•50
..
Franklin (copper)..
North Belle Isle
56
§
Eureka Consol.... i‘0’6
Father De Smet
100
...
ostal T.
2-01
•30
•37
3-60
•10
*20
5-25
1-90
•85
•95
2-10
900 10-00
J"
Dunkin
El Cristo
2
5
105
91%
47%
1
1
15
9
Deadwood
25
75
52
100
CANAL STOCKS.
140
25
143
110
73
110
20
72
45
50
100
100
100
Chollar
Consol. Paciflo
Crown Point
STOCKS
BONDS.
ELECTRIC
LIGHT STOCKS.
*16%
Chrysolite
I
1
•70
Caledonia B. H
100
2-00
Cal’m’t A Heola (copp’r) 243
Consol. California. 100 11-50
35
27
97
96%
41%
82is
139is
2414
51%
11
|
£
.!II!ibo
Bulwer
9
34
26
pref.100
1*00 I
Brunswick
264%
80
31
2is
15
godie
11% Breece
234
125
221
16
21% Barcelona
23
Bassick
II11100
11% Belle Isle
100
12
Best A Belcher....
20
144
113
131
76
Ask.
MINING STOCKS^
34%
20%
0.
84
12
Bid.
(N Y. A SAN. FRAN.) I
Alice
35% Alta Montana.
.’i 06
1
100
Schuylkill Nav.—
230
......
)
Ni
114%
6s,g.,cp.J
Cons.M.,]
15
218
do
95
17%
140
1*05%
41%
Ohio A ft
49%
1
\
109% 109%
107%
76%
55
Ogd. A 1
10
Miscellaneous.
30
do
10
IOGI4 106%
24^8 24%
)
/^l
114
220
do
C
109%
14
ITorw.A^
'
r
128% q
9
Ask.
MINING
C
I
CANAL BONDS*
54%
105
>5
Bid.
IN
£
9
Vor.Nash.A Roch.lOC *125
195
3
10
A
*115
8%
5
do
10
114
75%
do
103%
101%
127
BOMD3—Concluded.
Pair© of Quotations.
STOCKS, N.Y.
C
C
C
C
I
IN
58
8
AND
First
C OAL
114%
Sunbury A Lewist..50 § 48
Terre H. A Ind’nap.50
90
142
190
N.Y.N
67
112
56
102
100
7
t
10
142
do
7
28%
of
Miscellaneous.
40
12
29
68
...
8
do
Ask.
...
767g
do
1st pri
do
2d pn
N. Y. A Harlem
Miscellaneous.
Tex as A Pacific
100
20% 20%
11
Tol. Ann Arbor A N.M
25
Tol. A Ohio Cent’1.100
*2*6* 34
56%
do
Pref. 100
40 '
50
38
'U. N. J. RR AC.
Co.100 213%
40
Onion Paciflo
100
53% 54%
Otah Central
100
125
Utica A Black Riv.100 120
125
215
Vt.A Mass.,rsed.6.100 133% 134
94% iVicksb. A Meridian
1
%
17%
do
1
1%
pref...
90
Virginia Midland.. 100
54
WabashSt.L.APac.100
13
14%
15%
do
24
Pref.100
26
8
Warr’n(N.J.),l’s’d,7.50
25
West Jersey
50 6 59%
80
West* Jersey A Atl.. .50 §
48%
Western Maryland.50
14
60
Western N. Y A Penn.
90%
52% 53
133*
do
STOCKS
,
14. %
Midland of New Jersey
OF
See Notes at Head
......
12412
Man. A Law’ce—100
Manhattan, con... 100
Marq. H. A Ont.. .100
do
Pref.. 100
QUOTATION'S
Explanation*!
[Vol. XLVIt
685
143
600
65
144
107
92
.«*■•••
89
795
176
85
1010
106
470
580
97%
1500
690
147
610
65%
146
May 19,
THE CHR0N1CLF.
1888.J
647
Latest
Earnings Reported.
Roads.
Week or Ho
1888.
Jan. 1 to Latest Date.
1887.
1888.
1887.
AND
$
L. Rock A Mem. lstwk May
ailnracxt %nUll%Qmcc.
The Investors’ Supplement, a pamphlet of 132 pages,
contains extended tables of the Funded Debt of States and
Cities and of the Stocks and Bonds of Railroads and other
It is published on the last Saturday of every
other month—viz., January, March, May, July, Septem¬
Companies.
furnished without extra charge
to all regular subscribers of the Chronicle.
Extra copies
are sold to subscribers of the Chronicle at 50 cents each,
and to others at $1 per copy.
ber and November, and is
Long Island
April
Lou. A Mo. Riv..
Louis.Ev. ASt.L.
Louisv. A Nashv.
Lou.N.A. A Chic,
Louisv. N.O. A T.
4th wkApr
lstwk May
lstwk May
2d wk May
January...
Lykens Valley.. iMarch
Mar. Col. A No..iMarch
Memphis AClias.'lstwk May
2d wk May
♦Mexican Cent
*Mex. N. (all Ins) April
♦MexicanRailwy Wk.Apr.21
Mil.L.Sh.AWest. 2d wkMay
Milwaukee & No. 2d wkMay
.
Minneap.ASt. L. April
Mobile & Ohio
Nash. Ch. ASt.L.
April
April
Natchez Jac.AC. April
New Brunswick. March
N.Y. Cen. AH.R. April
Latest Earnings
Reported.
Jan. 1 to Latest Date.
Roads.
1888.
Week or Mo
$
159,830
1888.
1887.
$
1887.
$
173,500
471,335
Allegheny Val.. March... .
1,233,238 1,762,628 3,373,844
▲tch. T. & S. Fe. March
111,342
111,971
360,762
Atlanta A Char. March
32,393
28,702
116,966
Atlanta AW. Pt.. March
58.557
55,943
Atlantic & Pac.. lstwk May
919,370
1,182,461 1,215,221
B.AO.East.Lines April
371,229
363,952
Western Lines. April
Total
1,553,690 1,579,173
April
IS 0,555
120,720
357,167
Balt. & Potomac March
90,055
56,993
167,988
Beech Creek
February..
42,111
37,366
626,551
Bufl.Roch. A Pitt 1st wkMay
49,943
44,338
876,370
Bur.C.Rap.ANo. lstwk May
12.499
245,513
Cairo V. A Chic. 2d wk May
12,545
38,450
28,675
658,973
CaL Southern... lstwk May
34,805
tCamden A Atl’c j March. .
99,707
33,432
211,000 4,078,722
222,000
Canadian Pacific 2d wk May
22,1041
18,929
105,034
Cp.Fr&Yad. Val i April
455,250
4,311,683
340,287
1(4,770
97 J,207
51,787
47,636
150,031
140,(-51
Cen.RR.ABg.Co. March
552,090
1,841,993
432,366
1,586,586
101,828
906,193
509,235
89,824
995,385
2,723,975
2,336,494
February.. 1,091,243
March
9,519
717,233
7.839
2,185,294
31,650
1,519,403
i
60,417
48.599
169,098
February..!
39,261
38,028
6,954
7,141
79,867
24,490
.
April
March
March
March
April
127.364
138,578
68,420
Eliz.Lex.'AB.S. February..
74,499
7,368
Ches. & Lenoir.. March
5,653
Chic. & Atlantic. 2d wkMay
45,852
32,733
Chic. Burl. &No. March
282,398
73,323
Chic. Burl. & Q. March
1,211,188 2,952,682
35.080
Chic. & East. Ill. lstwk May
38,599
Chic. A Iud. Coal 2d wk May
10,900
5,970
Chic. Mil. A St.P. 2d wk May
367,500
404,471
Chic. A N’tkw’n. March
1,897,532! 2,334,783
Chic. A Oh. Riv. April
4,294
4,503
Chic. St.P. &K.C. April
172,711!
86,385
500,341
Chic.St.P.M.&O. March
579,735
Chic. & W. Mich. 1 st-wk May
26.049
27,913;
Cin.lnd.St.L.AC. March
212,984
234,712
Cin. Jack. & Mac.! 1 stwk May
8,178;
7,931
Cin. N. O. & T. P. i lstwk May
63,792
52,626
Ala. Gt. South lstwk May!
23,424
2\068;
N. Orl. & N. E lstwk May
12,459;
8,"23
Vicksb. & Mer. lstwk May
6,696
8.839
Vicks. Sh. & P. lstwk May
5,917'
6,482
113,932: 100,194
Erlanger Syst 1 stwk May
615,729
162,299
23,232
762,576
347,282
4,569,* 01
..
.
670.736
185,670
7,551,500
5,145,314
14,504
596,901
1,264,156
450,123
620,190
153,062
1,183,960
534,253
—
Cin.Rich.AFt.W.
Cin. Bel. & Mob..
Cin. & Spring’d
Cin. Wash. ABalt.
Olev. Akron &Col
Clev. & Canton
Clev.Col.C.AInd
Whole system.
Clev. & Marietta
Coeur d’Alene
Color. Midland..
Col. A Cin. Mid
Col.Hock.V. AT.
C.AHock.C.A. I.
Deny. & Rio Gr
Denv. & R. G. W.
Den. Tex.AGulf.
1 stwk May
March
April
lstwk May
4tli wkApr
March
April....
April....
1st wkMay
March
7,7011
7,496
88,058:
38,780'
13,236!
30,955
301,520
540,285:
4.072!
31,101
May
29,2651
lstwk May
2d wk May
March
2d wk May
1 stwk May
March
1 stwk May
5,219|
1 stwk
....
Det.Bay C.&Alp.
Det.Lans’gANo. 2d wkMay
Duluth S.S.&Atl. j 1st wkMay
E.Tenn. Va.&Ga.! lstwk M *y
Evans. A Ind’plisj 1 stwk May
Evansv. AT. H. lstwk
'
May
Flint & P. Marq. lstwk May
Fla. R.ANav.Co. lstwk May
t Ft. W. & Den.Cty April
.
lstwk May
lstwk May
Other lines.... lstwk Mav
Grand Trunk... Wk. May 5.
Hous.&Tex.Cen. lstwk May
Humest’n AShen April
Georgia Pacific.
Gr. Rap. A Ind...
73,274!
118,442
145,000
17,300
21,230!
9,507!
17,003 j
20,121!
92,952!
4,5531
14,503
50,036
23,422
67,570
22,081
40,295
3,377
328,129
34,995
9,500
Dl.Cen. (Ill. A So) April
859,196
April
April
April
67,455
Cedar F. A Min.
Dub. A Sioux C.
Ia. Falls AS. C.
Ind. Bloom. A W.
Ind. Dec. & Spr.
Ind. A St. Louis
Jack. T. & K. W.
KanawhaA Ohio
K.C.Ft.S. A Gulf.
Kan. C. Sp. AM
Kan. C. Cl. & Sp
4th wk Jan
March
lstwk May
February.
1st wkMay
4th wkApr
4th wkApr
tth wkApr
Kentucky Cent. April..
Keokuk & West.
Kiugst’n & Pern.
Knoxv. & Ohio
Lake E. & West.
Lehigh A Hud...
.
6.635
.
lstwk May
1st wkMay
March
1 stwk May
April
50,743
52,042
25,424
33,954
57,947
3,418
186,908
83,858
1,265,432
2,261,062
92,565
398,412
99,159
926,174
24,147
149,375
82,956
23,740
549,969
145,071
17,766
758,923
621,503
6,785,302
655,036
132,628
8,015,343
5,692,136
22,109
350,377
1,320,227
452,17 >
647.551
1:46,24/
1,089,449
505,886
232,736
181,307
181,219
2,190,596
134,537
25,988
344,488
713,856
169,895
78,120
1,303,820
2,297,491
108,379
103,560
1,000,218
349,846
137,000
13,800
14,873
8,497
22,028
29,772
81,105
4,624
17,456
51,737
21,559
55,564
18,980
38,720
3,047
2,495,684
397,837
65,787
148,795
327,561
322,077
1,878,468
74,113
278,622
-
869,025
390,926
259,880
428,411
730,322
67,024
356,251
5,395,612
33,076
10,494
793,761
715,318
10,046
59,729
43,778
58,962
38,665
35,361
53,912
3,216
58,810
42,369
4,904!
5, *54
77,399
5,046
5.678
4,001
3,270
35,502
31,314
20,269
19.924
358,581
702,257
4,620
59,750
54.327
38,823
32,032
177.326
2,361,816
140,205
27,584
6,764
7,830
90,613
33,956
13,767
2*,104
317,389
551,824
5,229
41,402!
68,737;
297,320
168,958
429,904
45,661
3,571,382
25,732
271,468
243,142
187,365
77,627
664,959
107,196
84,770
789,522
543,371
79,870
289,124
107,177
55,332
123,677;
625,3961
67,650
2,537,055
316,241
43,835
131,732
384,368
241,269
1,677,023
77,035
268,695
864,236
387,495
192,197
365,440
733,473
45,784
5,975,351
761,607
47,131
3,544,112
36,031
246,478
196.688
202,600
109,137
684,544
111,488
41,769
861,614
641,037
85,533
286,049
104.553
41.781
110,453
651,275
81,987
37,943
35,915
36,630
27,442
83,607
6,656
30,023
108,803
161,933
67,519
52,184
51,473
4.267
27.975
18,540
118,650
10,261
March—
2d wk May
2d wk May
March.
March.
lstwk May
March
March
2d wk May
lstwk May
lstwk
291,930
74,495
March....
May
$
11,249'
231,206
40,982
19,810
280,430
232,263
90,038
155,126
74,468
65,384
18,703
133,067
154,407
222,720
10,536
67,588
5,306,784
662,524
875,959
277,722
736,963
138,332
21,886
11,480
554,705
1,746.016
738.454
592.885
1,252,939
1,163,180
735,028
346,592
414,645
785,422
1,009,037
51,589
175,603
907.520
329,213
516,349
780,386
960,008
52,965
161,962
10.267
28.569
45,869
106,154
105,157
66,964
426,081
318,181
72,606
10,040
112,538
63,679
55,594
514,022
67,006
7,399
1,231,552
121,160
36,751
168,251
1,517.960
3,688,434
1,364,244
79,978
45,090
198,100
195,950
214,740
384,745
558,733
524,746
126,341
342,545
1,626,104
194,577
1,333,273
4,887,669
464,721
119,507
295.475
1,263.620
95,178
232,590
727,624
495,941
457,103 1,276,578
972,202
4,526,561 4,410,433 13,099,995 L2,250,992
PeoriaDec. AEv. 2d wk Apr
11,375
13,173
Phila. &Erie
March
277,046
326,297
Phila. A Read’g. March
1,579,308 1,759,584
Coal & Iron Co. March
1,078,644 1,283,579
Tot.bothCo’8.. March
688,930
577,642
2,197,503
32,589
Oreg. R. AN.Co. March.
Pennsylvania... March.
2,657,952 3,043,163
37,565
39,467
37,542
48,791
May
P’rtRoyal AAug. March..
Pt.R’alAW.Car. March..
Rich.
36,704
295,850
281,292
740,649
40,982
299,401
5,185,010
10,891
31,215
46,838
March
Pitts. & West’m. 2d wk
261,073
769.942
2,748,777 2,901,740 10,901,573 10,991,091
2,130,419 2,121,305 6,068,882 5,933,030
378,440
430,097 1,156,932 1,152,401
April
Oregon Imp. Co. February..
338,210
103,887
642,662
988,180
247,926
545,217
90,452
3,138,793
86,617
Carolina Cent... March
Central Iowa....
Central of N. J..
Central Pacific
Central of S. C.
Charlest’n & Sav
Cheshire
Cheraw & Dari
Ches.O. &8. W..
N.Y. L.E. A W..
N.Y. A New Eng.
N. Y. A Northern
N.Y. Ont, AW...
N.Y. Phila. AN’k
N.Y. Bus. & W...
Norfolk & West,
N’theastm (S.C.)
Northern Cent’l.
Northern Pacific
Ohio A Miss
Ohio River
Ohio Southern.
Omaha & St. L..
251,749
36,704
19,851
169,174
..
RAILROAD EARNINGS.
10.543
AAllegh’y. March..
772,842
3,615,905
1,694,915
5,310,821
843,849
4,848,661
3,439,350
8,288,011
34,281
602,766
684,445
43,508
30,904
46,663
114,877
104,179
128,726
110,514
74,625
31,650
12,275
1,694,213
571,532
1,458,467
501,853
333,438
233,637
290,935
200,353
224,054
226,551
31,337
92,080
124,011
R&W. P.Ter. CoRich. A Danv.
Va. Mid. Div..
C. C. & A. Div.
Col. A Gr. Div.
West. N. C. Div
W. O. & W.Div.
lstwk
lstwk
lstwk
lstwk
lstwk
lstwk
May
May
May
May
May
May
Ash.ASp. Div. lstwk May
Total all.... lstwk May
Rome W. & Og.. March
flSt.L.Alt. &T.H. lstwk May
Branches
lstwk May
St.L. Ark. A Tex. 1 stwk May
St. L. A San Frail. 2d wk May
St.Paul &Dulutb 2d wk May
St.P.Min.&Man. April
S.Ant.AAr.Pass. lstwk May
Scioto Valley
February..
Seab’rd A Roan. March.....
Shenandoah Val. April
South Carolina.. March
So. Pacific Co.—
Gal.liar.AS.A. March
Louis’a West.. March
Morgan’s LAT. March
N.Y.T.&Mex.
Tex. A N. Orl..
Atlan’c system
Pacific system
Total of all..
93,150
37,000
16,350
12,100
16,675
2,700
2,300
180,275
251,661
33,954
13,380
44,067
90,000
27,696
810,359
8,300
14,775
2,400
1,200
34,950
36,374
145,225
3,024,735
254,121
35,361
14,352
39,27-2
688,166
307,538
854,815
14,956
2,705,527
640,337
684,544
308,111
692,587
101,251
1,829,555
398,836
2,584,524
1,963,439
427,929
2,260,521
32,190
686,658
21,228
52,109
60,908
65,000
119,569
54,767
51,856
65,088
114,068
349,305
90,150
480,947
252,353
66,374
331,723
12,061
664.959
295,789
106,182
170,345
244,562
110,991
142,758
250,789
382,698
326,799
938.970
698,240
181,365
997,954
31,879
266,987
2,176,423
227,424
1,371,440
March
March
7,750
137,685
March
1,065,836
March
2,827,054 2,270,408
March
3,892,890 3,035,814 10,602,446
9,667
53,994
97,914
102,997
12,730
102,896
765,407
23,437
340,251
2,901,518
7,700,927
5,445
29,551
52,450
181.332
Summit Branch March
87,900
Texas A Pacific. 2d wkMay
75,254
Tol.A.A.AN.M’h 2d wkMay
9,596
Tol. A Ohio Cent. 2d wk May
19,448
19,502
Tol. P. A West.. lstwk May
15,294
14,028
Union Pacific... March
2,513,108 2,571,365
52,156
54,038
Valley of Ohio.. April
Wab. Western... 2d wk May
105,000
96,000
376,606
Spar. Un. A Col. March
Rap. Ti Ajiril
Staten Is.
Wab., E. of Miss February..
Western of Ala.. March
West N.Y. A Pa. 2d wkMay
tWest Jersey.... March..
Wheeling A L. E 2d wk May
Wil. Col. A Aug March....
a Wisconsin Cen 2d wk May
428,540
35,246
53,700
438,436
101,907
16,211
75,857
67,513
100,687
13,209
65,617
37,026
48,400
55,693
2,166,425
215,129
415,760
290,121
6,158,878
201,373
1,837,167
884,654
136,109
985,006
272,642
321,234
236,715
1,212,257
5,602,092
7,778,515
20,550
178,015
262,290
2,033,265
178,285
349,911
298,564
5,984,632
198,083
2,096,179
921,985
123,305
917,878
255,085
260,693
205,054
1,153,667
t And branches.
* Mexican currency.
II Including Indianapolis A St. Louis.
a Ail lines included.
t Construction earnings in
April $731, against $13,361 last year.
Gross Earnings to Latest Dates.—The latest railroad earn¬
ings and the totals from Jan. 1 to latest date are given below
for all the railroad companies whose reports can be obtained.
The final statement for the first week of May bears out the
favorable anticipations raised by the preliminary exhibit given
last
Saturday.
The increase is $324,770,
or
9*59
per
cent on 77
roads.
1 st week
1888.
of May.
$
1887.
$
Frev’ly report’d (28 roads)
2,420,857
2,186,222
Atlantic A Pacific
Burl. Cedar R. A North...
Cairo Vincennes A Chic..
55.943
58.557
44,338
12,740
Chicago A East. Ills
38.599
49,943
13,375
35,080
16,049
7,931
52,626
Chic. A West Michigan
'Cincinnati Jack. A Mack.
...
Cin. N. O. A Texas Pac...
Alabama Gt. Southern
New Orleans A N. E
...
Vicksburg A Meridian..
Vicksburg Shrev. A Pac.
27,913
8,17*
63,792
25,068
12.459
6,696
5,9171
23,424
-,8°3
8,*39
6,482
increase.
$
284,696
....
..
Decrease.
$
50,061
2,614
5,605
635
3,519
1,864
247
11,166
] ,644
3,636
rnrnmmmmm*
2,143
565
[Tol. XLVIi
THE CHRONICLE.
648
,
1st week, of
1888.
May.
Cin. Rich. A F. W
Cln. Wash. A. Balt
Cleveland & Marietta....
Col. & Cin. Mid
Denver & R. Grande We st.
Del. Bay City A Alpena..
Duluth 8. 8. A Atlantic...
East Tenn. Va. & Ga
Evansvillo & Indianap...
Evansville A T. H
Flint &Pere Marquette..
Florida Ry. & Nav
Georgia Pacific
Grand Rapids & Ind
Other lines
Houston A Texas Cent...
Kanawha A Ohio
Keokuk & Western
Lake Erie A Western —
Little Rock A Memphis...
Louisvil'-e & Nashville ...
Louisville N. Alb. A Chic.
$
$
$
6,76V
937
33,950
4,824
5,229
9,507
629
13,800
8,497
3,500
1,010
11,847
81,105
4,024
4,553
14,503
50,036
17.450
51,737
21,559
18,980
23.422
22,081
40,295
3,377
34,995
m m m
m
m.m
m
m
1,863
3.047
330
33,070
1,919
3,210
5,678
31.314
11,249
202
718
291,930
280,43b
11,500
37,943
35,915
2,028
3b,023
80,022
72,690
27,975
2 048
83,312
3,310
5,000
....
Char. C. & A. Div
Col. & Gr. Div
West North Car. Div
Wash. O. A W. Div
r
Ash. A Spar. Div
*8t. L. Alt.AT. II.,M. Lines
8t. L. Alt.&T.H..branches
81. Louis Ark. & Texas...
Tol. Peoria A Western
10.075
2,700
2,300
Net...
9,651
.
......
71
2d week,
Hoad.
Nash. Chat, &
4,075
8,300
14,775
2,400
3,800
........
........
Bonds.
Baltimore A Ohio—
Lines East O. Riv..Gross.
Net...
........
1,407
972
44,007
15,294
39,272
4,795
14,028
1,266
4,011,070
3,686,306
407,465
324,770
.
f. .
.
«, M
$
10,900
367,500
73,274
„
82,695
Wabash Western
Western N. Y. A Penn
17,003
36,629
108,803
52,184
roads)
Net increase (9*72p. c)...
92,585
April.
$
»
1887.
2,610,075
1,125,353
2,279,977
901,697
<—0ct. 1 to
April 30.—s
2,017,486
309,911
353,713
371,229
3(53,952 2,803,299 2,078,135
419,157
41,584
42,629
409,109
3,026,592
Rich. & W. P. T. R.
Rich. A Danville
& W. Co.Gross. 349.583
314,96 4
3,009,492
1,511,925
Div—Gross.
Net...
Char. C. A Aug.
Div.Gross.
Net...
Col. A Greenv.
Div.Gross.
Western N. C.
Div..Gross.
Road.
Rome Wat.
Net...
Net...
128,094
139,348
144,9^3 121,438
49,016
61,113
54,089
57,470
16,949
13,654
30,649
35,884
4,116 def.9,317
56,807
46,961
9,458
8,401
-March.1888.
1887.
$
$
A Ogd—Gross.
251,061
104,733
254,121
36,971
18,765
8,0u0
5,025
9,188
13,200
163
624
105.000
96,000
9,000
53,700
48,400
13,209
5,300
16,211
67,513
55,693
11,820
1,825,969
248,596
2,608,098
1,285,766
899,855
333,798
523,097
261,480
388,406
153,893
354,975
61,017
57,433
-OcZ. 1 to Mch. 31.-—v
1887-8.
1886-7.
421,356
179,759
372,760
$
$
1,547,560
/> r i
103,349
AO o
1,422,580
621,724
(For the year ending December 31, 1887 J
report of this great corporation, controlling over
5,575 miles of railroad, has just been published for the year
1857.
The company should not be contused with the Southern
Pacific Railroads of California, Arizona and New Mexico, all
of which are embraced among its leased lines; but the parent
corporation, the Southern Pacific Company, controls the whole
system from Oregon to the Mississippi River at New Orleans,
including the Central Pacific and it* branches. The status of
the several corporations financially, together with a map of the
whole system, may be seen in the Investors’ Supplement.
It is impracticable in this column to give a comprehensive
view cf the operations of this system in the year 1887, with all
the statistics necessary to a clear understanding of its workings
and fiscal results, and on another page, under the title of
“Reports and Documents,” will be found a full report of the
2d Vice P/esident, Mr. Chas. Crocker, together with elaborate
tables of the mileage, earnings, income account, and balance
The annual
4,930
90,038
3,415,787
302,781
Southern Pacific Company.
13,524
11,602,327
996,514
416,436
605,826
$
59,750
137,000
22,028
27,441
8,924,192
2,996,630
1,182,401 1,215,221 8,071,927
$
11,000
13,119
$
$
$
$
46
1886-7.
1887-9.
ANNUAL^REPORTS.
27,696
102,997
12,730
19,418
2,003,407
222,720
Decrease.
10,207
28,569
214,74c
34,281
101,251
32,190
75,254
9,596
19,502
...
23?,203
S7.9S8
—July 1 to April 30. -n
1886-7.
1887-8.
$
$
Increase.
18,703
37,505
90,000
1887.
$
1887.
65,384
18,540
10.891
31,245
3L8.181
Wheeling A Lake Erie....
Wisconsin Central
Total (25
thus far re¬
404.471
145.000
237,618
346,342
Net...
12,499
2 LI,000
32,733
5,970
12,545
222,000
4 =>,852
247,909
351,495
Net...
9*72 per cent.
1888.
688.166
>79,173 11,475,220
Va. Midland
300
14^352
..
Net...
Net...
1,100
1,200
Riv.Gross.
1,822
35 361
Chicago A Atlantic
Chicago A, Tnrl. Coal
Chicago Mil. A St. Paul...
CoL H. Val A Toledo
Denver A Rio Grande....
Detroit Lana. A North —
Louisville N. O A Texas
Mexican Central
Milwaukee L. Sh. A West.
Milwaukee A Northern...
New York A Northern
New York Ont. A West...
Northern Pacific
"Pittsburg A Western
fit. Louis A San Fran
8t. Paul A Duluth
Texa° A Pacific
Toledo A. A. A No. Midi..
Toledo A Ohio Central
Net...
Lines West O.
13,380
Cairo Vin. A Cliic.
Canadian Pacific
St, L..Gross.
»
1888.
1888.
1,900
.
April.
/
18,525
5,350
12,275
YEAR.
MONTH AND FISCAL
,
2,641
254,121
103,349
.
........
706
week of May 25 roads have
of May.
.
437,759
74,321
134,624
640,337
2,827,054 2,270,408 7,700,927 5,802,092
1,010,017 953,(559 2,589,915 2,101,131
Gross. 3,892,890 3,035,814 10,002,440 7,778,515
Net... 1,348,978
995,010 3,433,022 2,382,452
Total of all
2,9’>3
1,701
33 954
ported, showing an increase of
251,661
101,733
.
$
$
576,521
160,163
39,180 def. 46,445
171.338
73,707
Southern Pacific Co.—
Pacilio System
Gross.
Net...
Including Ind. & 8t. Louis.
For the second
.
Ogd... .Gross
632
67,006
7,399
34,281
74,625
31,650
10,040
32,459
93,15<
37,000
10,350
12,10;
Oregon Imp. Co
Rome Wat. A
/—Jan. 1 to jMar. 31.—%
1887.
1888.
—\
Marc'h.
1887.
1888.
$$
209,667
Net... def. 25,905
66,652
.Net..
........
3,101
1,575
33,720
3.418
5,040
3? .032
10,543
Hoads.
Mexican National....Gross.
1,157
•
4,020
29,772
20,121
92,952
Virginia Mid. Div
*
Decrease.
17.300
Memphis & Charleston...
Total (77 roads)
Het increase (9-50 p. c.)
Increase.
$
7,701
38,780
4,072
5,249
Mexican Central
Ohio & Mississippi
Ohio River
Pittsburg A Western
Richmond & Danville
1887.
2,676
103,4 11
3,284
11,251
4,494
27,743
3,131
54
.
.
3,002
71,158
177,438
sheet on December 31, 1887.
The total mileage is 5,576 miles, including Central
Southern Pacific, sundry leased lines in California, and
Pacific,
roads
east of El Paso. The
owned or controlled by the company
Monthly to Latest Dates.—The tables follow¬ gross earnings of the entire system were $37,930,161, operating
expenses, $22,712,198; earnings over operating expenses, $15,ing show the latest net earnings reported this week, the 217,963. The company paid for rentals $1,911,640 and re¬
returns for each road being published here as soon as received, ceived from rentals $574,691.
The company paid $1,022,263
hut not kept standing from week to week.
The first state¬ for taxes, leaving a balance surplus for the year of $12,858,750.
ment includes all roads for the latest month and from Janu¬ Added to this is the income from other sources of $652,944,
making a grand total of $13,511,694. Out of this is payable
ary 1, 1888; following that we give the totals for the fiscal
$9,483,990 interest on the bonded debt, $436,137 for the Central
year on those companies whose fiscal year does not correspond Pacific sinking funds in the U. 8. Treasury, $1,200,000 for
with the calendar year.
guaranteed rental of the Central Pacific, and various other
MONTH AND CALENDAR TEAR.
charges for interest and betterments, making a total of
<—Jan. 1 to April 30.—x
April
v
$12,476,734, and leaving a net surplus of $1,034,960.
1887.
1888.
1887.
1888.
$
$
Compared with the previous year the principal items of
$
$
Roads.
86,617
105,034
increase and decrease are the following: Gross earnings, in¬
18,929
22,104
C. Fear A Yad. Val...Gross.
42.050
51,643
8,192
Net...
8,879
crease $6,132,000, of which $1,727,000 is on the Atlantic eys*
960,008
222,720
1,009,037
232,263
tern and $4,405,000 is on the Pacific system.
Nash. Chat. A St. L...Gross.
Of the increase
406,162
408,083
92,585
Net...
87,988
on the Pacific system, $1,205,000 is from newly acquired lines.
R. & W. P. Ter. R. AW. Co—
Operating expenses show an increase of $4,193,000, of which
349,583 314,964 1,601,063 1,383,842
Richmond A Danv..Gross.
085,064 $790,000 is on the Atlant ic and $3,407,000 on the Pacific sys¬
774,568
128,094
Net...
139,348
About $775,000 of the latter amount is due to the
534,532
470,203 tem.
121,438
144,983
Virginia Mid. Div...Gross.
167,947
49.016
203,642
Net...
61,113
operation of new lines.
278,660
317,088
The following statement shows the income and expenditures
54,089
57,470
Char.Col AAug.Div.Gross.
135,473 of the
140,548
Net...
16,949
13,654
company for the years ending Dec. 31, 1886 and 1887:
Net Earnings
/
•Col. & Greenv.
30,649
35,«84
4,116 def.9,317
56,807
46,901
9.458
8,401
52,450
53,994
Div.. Gross.
Net...
WesternN. Car. Div.Gross.
Net...
.HtatenlslandR. T. Co Gross.
March.
,
1888.
Roads.
•-Grand Trunk of Can Gross.
Net...
Chic. A Grand Tr... Gross.
Net...
Pet. Gr. 11. A Mil...Gross.
Net
..
Mexican Central
Gross.
Net...
5,041
8,842
Net...
x
1887.
221,537
192,053
92,395
207,379
30,621
61,002
181,332
5,333
£
£
£
338,265
109,475
67,553
20,939
778.422
151,986
48,838
71,282
50,977
14,468
17,065
158,466
35,449
3,161
22.446
4,874
550,286
399,974
6,815
1,544,492
225,108
185,010
721,623
1887.
4,846 53 Miles 5,576 04 Miles
211,776
42,-139
178,015
def. 2,721
r-Jan. 1 to Mar. 31.—
1888.
1887.
284.151
EARNINGS, EXPENSES, RENTALS, ETC.
1886.
£
865.374
215,608
162,601
38,136
56,080
8,753
1,208,557
587,560
of Railroad;
of Railroad;
ship Lines.
ship Lities.
also Steam¬
$31,797,882
earnings
Operating expenses
Gross
Earnings over operating
Rentals received
Total
surplus
Rentals
Taxes
Balanoe
paid
:
suiplua
expenses....
also
Steam,
$37,930,162
18,514,655
22,712,198
$13,283,226
$15,217,963
560,691
574,691
$13,843,917
$1,867,165
888,622
$15,792,654
$ 1,911,641
1,022,263
$2,755,787
$11,038,129
$2,933,904
$12,858,750
May 19,
.ZJt
INCOME ACCOUNT.
$12,858,750
.$11,088,129
above
652,943
465,301
$13,511,693
$9,364,504
$11,553,430
$3,754,810
bonded debt paid and accrued.
and accounts ..
Betterments and additions
Central Pacific Rail' oad Siukiug Funds—
Cent. l’ac. RR. sinking fund in U.S.Treasury
Net protit of Ceiitrai P;M-i1ic lines
Bal. to make guar, rent -1 Outral Pae
Net prolit 1365, '6-7 due ines under leas 10
(re-stated).
Interest on
.
Interest on notes
.
330,191
560,856
219,4s7
778,500
419,271
275,000
487,6 -3
1,324,90S
Miscellaneous
’
436,137
1,086,733
113,266
417,274
162 183
27,240
$12,562,267
sur. $919,426
$12,195,566
def. $642,136
Balance
under lease,
being deficits repayable from subsequent operations, were
$822,759, which, if repaid, would have shown a surplus for
1880 of $180,022; similar items in 1S37, $85,533, would show a
surplus of $1,031,900.
due from lessor properties
In 1880 the amounts
RECEIPTS AND EXPENDITURES
1837.
1886.
Net earnings, as
Other income
649
CHRONICLE
THE
1888. J
Miles road
FOR YEARS ENDIN1 M.\ROH
Earnings—
1888.
143
1387.
143
$169,162
$164,818
$155,903
296,973
11,927
6,445
11,095
307,609
13,089
7,467
10,320
345,268
13,10 >
10,303
7.191
$16 *,072
351,736;
13,106
11,100*
8,747
$531,772
$547,761
operated
Passenger
Freight
31.
1886.
140
1885.
140
Mail
Express
Miscellaneous
$195,603
$503,304
Operating expenses
443,939
426,493
48
1,302
423,41£
Net earnings
$51,663
$76,806
$47,409
$124,34 S
$17,550
$16,741
114,083
lr>,*9 4
4,410
$18,285
$18,134
Total
Chargeable against revenue
For taxes
For interest on
104 ,000
bonds
floating <iei>t
For int. ou
For expenses
Tot. paym
Net• deficit
7,633
4,477
of land dep’t...
12>,083
14,232
4,293
ts cbarg’bleto rev.$133,660 $151,135 $161,899
$74,329 $114,439
$81,997
GENERAL
126,000
41,711
4,632
$190,478
$66,130
INVESTMENT NEWS.
American Bell Telephone.—This company has issued a
Burlington Cedar Rapids <fc Northern Railway.
circular to its stockholders stating that it propos s to issue
(For the year ending December 31, 1887.^
$2,000,000 7 per cent debenture bonds to be applied to the cost
of the construction of the long-d s an -e telephone system.
The remarks of President Ives are as follows:
‘*The earnings of your railway for 1887 were about $75,000 The bonds will be in denominations of $1,000 and $50), either
more than for 1830.
This is entirely due to the leased lines, registered or coupon, and will be dated August 1, 1838. They
their earnings having increased over $300,000, while the earn¬ will be payable 10 years after date, but the American Ball
ings cf the B. C. R. & N. Proper deoreised $130,000 durin? Telephone Company will reserve the right to red -era the loan
the full year.
The operation of the Inter-Scate Commerce on August 1, 1890, or ou any interest day thereafter, at 110 •
Stockholders of record at the close of
Law has injured your property, as it debars it from partici¬ and accrued interest.
pating in any through business on which rates are too low to busine-.s May 31, 1888, will ba entitled, untiUhe close of busi¬
be applied on local business—the main line earnings having ness on June 30, 1888, to subscribe for th^se bonds at pir, in
fallen off $175,000 in the last nine months of the year from the proportion of one bond of $1,000 for 50 shares of stock.
this cause.
Baltimore & Ohio.—At the monthly meeting of directors,
“The very serious ra‘e wars, and I039 of business on account
President Spencer called attention to the fact that the policy
of strikes, have reduced the revenues forth© first four months
was still being pursued of making larger expenditures upon
of 1888 below the corresponding four months of 1887.
road-bed and equipment of the comp my than during the‘The law passed by the last Iowa Legislature will soon be the
last fiscal year, the increase in these two depirtments aggre¬
in force, which, with the Inter-State Commerce Law, makes
the future quite uncertain; bub the improvements in North¬ gating more for the seven months ending April 30, 1838, than
the total decrease in net earnings. It was still considered wisd
western Iowa, and on the line in Dakota, promise to, in a
the board to continue this policy, the good results of which
good measure, recoup the 103863 we may sustain through the by
are already quite apparent in the improved con iition of theother adverse circumstances.
property, the promptness to the public and economy to the
“In view of all this, the closest possible economy will be
service. Tue statement of earnings and operating expenses
exercised consistent with the proper preservation of the prop¬
for April
for the seven months from October 1 to April 30
erty, in which I feel that I have the hearty co-operation of all are issuedand
promptly and mike the following exhioit for all
the officers and employes of the company.”
Statistics of operation*, &e., for four years, compiled for the lines operated both east and west of the Ohio R ver :
'
the Chronicle, are.as
FISCAL
Miles
operated
Earnings—
Passenger
Freight
Mail, express,
Tot. gross earnings
Oper exp. and taxes
Net earnings
P.c. op. ex. to earn’s.
RESULTS.
1885.
990
$
666,922
2,024,175
105,362
2,796,459
1.917,769
878,690
68-57
990
$
691,174
2,284,542
117,797
3,093,513
2,1*9,543
903,970
70-77
Gross
1886.
‘ 1,039
$
662,485
2,141,646
129,178
2,933,309
2,132,404
800,905
72 69
1887.
1,04.0
$
692.129
2,174.174
139,659
3,005.962
2,225.9< 6
1885.
Net earnings
Other receipts
878.690
31,108
903,970
83,798
Total income
900,708
987,768
800,905
63,252
861,157
573,663
742,275
749,893
Interest
4!
c
Upprint a
on
debt
Const’n., improvem’t,
equipment, &c
Tot. disbursem’ts
103,169
681,832
1886.
4!
137.775
56,925
140,067
880,050
806,823
907,104
sur.57,334
def.31,348
sur.227,966 sur. 107.718
Balance
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1885.
1884.
A sss fs
(p
RR.. bid’s..equip. <fcc. 22,518,019
Real estate
5 64,904
Acc’tsrec’ble Acash.
262,164
1886.
1887.
23,261,920
23,405,523
jp
22,786,193
189,916
271.640
^
199,303
299,946
211,285
396 247
Materials, fuel, &c...
240,586
154,219
103,665
RR. bonds owned
266,505
266,505
505
Coupon ini. paid
573,663
742,275
749,898
1431817
57 504
767^128
24,435,806 24,692,943
25,043,693
Miscellaneous items.
2 4,031,328
Total assets
2 >,058
8,457
77,806
62,189
Liabilities—
5,500 000
fitoek, common
5,500,000
5,500.000
14,630,000
14,630,000
14,680,000
Bills, vouchers, Ac.
AdcL, imp. & equip’t.
22 ,847
2,656,014
Income account
1,021,437
226,^26
2,656,044
333,630
2,957.004
Bonds
.
Total liabilities
24,034,323
1,422,836
24,435,806
Not earnings...
Of the decrease
the seven months,
River.
1,232,831
/
7 months
1S87-8.
1886-7.
$1,553,690 $11,602,327 $11,475,226
1,202,193
8,186,340
8,449,631
5,.r00 000
14
964’,000
274,433
2,«57,004
1,322,309
1,449*256
24,692,943
25,043,633
Yicksburg & Meridian Railroad.
(For the year ending March 31, 1888J
S. Bmd, the receiver,
the annual statistics by
issuing a report for the year ending March 31.
The road will
probably be sold in foreclosure during the coming summer.
In comparison with the preceding year the gross earnings
This road is operated by Mr. Frank
who wisely keeps up the continuity of
$346,342
$331,195 $3,115,787 $3,026,592
in net earnings, amounting to $389,195 for
nearly all was on the lines east of the Ohio
court.
Chicago &
Atlantic.—A Chicago dispatch states that arr
order has been entered by Judge Gresham in the foreclosure
case of the Farmers’ Loan & Trust Co. against the Chicago &
Atlantic RR. Co., allowing the Erie to file an intervening pe¬
tition praying that the first mortgage coupons of the Chicago
& Atlantic Co. to the amount of $584,850 be recognized aa
valid obligations, and entitled to payment ratably with other
bonds. They were taken in payment of an indebtedness.
Central Iowa—Iowa Central.—The Iowa Central Railway
has been incorporated to take and opera e the lines of the
late Central Iowa Railroad; the capital stock is $18,400,000.
A. B. Stickney and othe s are the incorporators.
It is stated
that the reorganized company will build a road from Keiths-
burg to Sycamore, materially
S'. Paul& Kansas City from
will open
shortening the route of ChicagoChicago to Kansas City, which
for traffic July 1.
Stockholders are notified by the committee in New York
that the balance of assessments remaining unpaid on the com¬
mon and on the second preferred stock, will b? due and Dayable to the Mercantile Trust Co., 120 Broadway, New York,
on or before the following dates, viz.:
Common stock 2 per
cent on the 1st days of June, August, October and December^
1888, respectively; 3 per cent on the 1st day of February
Second preferred stock, 2 per cent on the 1st days of
1889.
June, August and October, 1888, respectively.
Chesapeake & Ohio.—At Ri.hmond, Va., May 15, several
petitions were filed in the Henrico Circuit Court in the suit of
C. P. Huntington for the foreclosure of the mo ri gage of the
Chesapeake & Ohio Railroad. Adolphus Wnitcomh of Paris,
increase of $76,937. or 162 28 per cent. There were moved France, a holder of $1,500 000 eerie* B bonds; Julius M. C.
during the year 176,320 tons of custom freight, against 173,689 Noyes, a holder of about $10,000 bonds oF the same character,
tons the preceding year, an increase of 2,631 tons, or 1*51 per j and Charles Guidet, a holder of currency bonds, through their
ccent.
1 counsel, asked to be made a party defendant ia the proceeds
increase of $15 987, or
3-01 percent; the operating
expenses show a decrease of $60,949. or 12*58 per cent; the
net revenue was $124,347 against $47,409 the previous year, an
show
an
.
Burlington Cedar Rapids & Northern.—The pres3 dis¬
7oO,b76 patches from Cedar Rapids, Iowa, report that P. T. Lomax,
74 04 Master in Chancery, has filed his report with the United States
Court in the case of the second mortgage bonds of the Bmv
1897.
lington
Cedar Rapids & Northern Road, known as the income
id
equipment bonds, which have been in litigation since 1875. 780^057 and
95*7*9 Of the 2,000 bonds, he reports that 513 are established, and-The 1,400 bonds
875,846 amount with interest to over $1,009,000.
known as the Lackawanna bonds are all thrown out.
The
767,127 case will now be tried in Des Moines at the October term of
INCOME ACCOUNT.
1884.
$1,579,173
earnings
Oporat’g expeuses.
s
1888.
1887.
1884.
.
April
,
follows:
650
THE
CHRONICLE.
[Vot XLYI.
ings.. The object of this contest is to resist the foreclosure pro¬ therefore the statement in full is
given below just as it was
ceedings. The court fixed May 29 as the time when it would reported at the close of the last fiscal
year Sept. 30, 1887, and
hear petitions as to whether
they would be allowed to become in the late quarterly returns of March 31, 1888.
party defendants, as asked.
CONDENSED BALANCE SHEET.
Houston East & West Texas.—The gross and net earnings
Assets.
for the year
ending Dec. 31, 1837, were as follows:
Sept. 30, ’87*
Mar. 31, ’88,
Cost of road and
Gross earnings
Operating
equipment
$364,820
expenses and taxes
258,375
Net earnings
$106,445
:
The net earnings were
applied to receiver’s certificates, new
rails and betterments. The
floating debt is reported to be
about $800,00.
as & Texas.—At
Parsons, Kan., May 16,
the annual meeti g of the stockholders of the Missouri
Kansas
& Texas Railroad
Jompany was held. The Gould interest was
not
represented, a; 1 a large majority of the stockholders were
represented by Sin on Sterne, attorney for the stockholders,
and R. V. Martineen,
representative of the Amsterdam, Lon¬
don and New York tockholders. The
following resolutions
were adopted:
Resolved, That the action of the late hoard of directors of the Missouri
Kansas & Texas Railway
Company, in attempting to sever the legal con¬
nection between the International
<fe Great Northern Railway Company,
is wholly without
authority, and is hereby disclaimed and disapproved
and held for
naught; that we deprecate such attempted action on the
part of the late board of directors as
being disastrous to the best in¬
terests of the Missouri Kansas &
Texas Railway Company.
Resolved, That we wholly disapprove the act of the late board of di¬
rectors of the Missouri Kansas
& Texas Railway Company in allowing
the Missouri Pacitic Railroad
Company to parallel the lines and intersect
the same points of its best
business, thereby subordinating the Missouri
Kansas & Texas Railway
Company to the interests of the Missouri Pacitic
Road, and deflecting from the business in
the territory belonging to the
Missouri Kansas & Texas
Railway Company.
Resolved, That the board of directors
for the years 1887-88 are censur¬
able ror
withholding from the meeting of the stockholders the informa¬
tion to which
they are entitled at their annual meeting as to the arrangement of the
property and disposition of the assets confided to their care.
Resolved, That the directors to be elected at this election are author¬
ized to meet for
purposes of organization and hold tlieir meetings here¬
after, conformable with the by-laws, in the
city of New York, or at Par¬
sons, Kansas, as the directors may from time to time decide.
The
following directors
were
elected to
serve
year, each obtaining the entire vote cast: E
W. L. Buell, R. Y.
for the
enduing
Cash
$14,529,487
836,705
3,124,935
2,680,343
1,128,218
825,031
3,423.035
2,834,987
Supplies on hand
Bills receivable
Due by agents and others, acc’t of traffic
Due by companies and
1,191 696
40.031
individuals—(open
accounts)
Missouri Kai;
$14,138,568
Construction of branch lines
Stocks and bonds of other
companies
Amounts paid on account of equ'pment..
195,437
1,953,472
1,557,108
1,273,087
1,327,527
hand and In London
265,429
the Erie Railway Coaipany. 146,276,776
Chicago & Atlantic RR Co. advances
1,844.970
N. Y. L. E. & W. Coal and RR Co.
advances.
2,039,338
Advances to other companies
1,125,156
Sundries
Erie Coal Cos. etc
45,369
on
362,672
'l he estate of
Total
2,214,683
2,038,225
1,144,473
64,167
202,272
$177,277,846
$177,781,942
$77,363,200
*8.147,400
78,550,865
$77,363,200
8,147,400
Liabditii s.
Capital stock, common
Capital stock, pref
Funded debt
1
Loans and bills payable
Interest on funded debt due
Interest on funded debt accrued
Dividends unpaid
Dae for wages and supplies
Due companies and Individuals
accounts)
78.550,865
1,571,905
130,033
151,156
150.468
1,220 180
5,838
2,127,324
1,220,180
5,592
2,211,361
362.257
364,392
(open
Due companies and individuals (on ac¬
count of traffic)
Rentals of leased lines, &c...
Overdue coupons on 2d Con. Bonds out¬
913.123
427,323
663,070
506,512
22.308
22,308
standing
Sundries
Profit and
146,375,689
8,472
7,592,185
loss—surplus
7,260,871
Total
$177,277,846
$177,781,942
Northern of California.—Articles of
incorporation and
consolidation of all the railroads in Northern California owned
or leased by
the Southern Pacific were filed in the office of the
Secretary of State at Sacramento May 15. The estimated
length of the road is 700 miles. The name of the corporation
is the Northern Railway Company of California. The
Ellery Anderson,
Martinsen, W. Mertens, Henry K. Enos, J.
de Neufville, W.
capital
Dowd, Samuel Sloan, George J. Forrest, is $26,000,000; its
par value $100 per share.
Simon Sterne and W.
Bond, all of New York; James C,
Ohio Southern.—Stockholders have voted to increase the
Thompson of Sedalia, Mo.; David Kelso of ParsoEs,
Kan.; B. capital stock to $5,500,000, and authorize the
P.
.McDonald of Fort Si ott, H. C. Cross of Emporia, Kan., and
funding of the
William S. Herndon of
equipment debt, and the further issue of a first mortgage on
Tyler, Texas.
about twenty miles of new road at $15,000
per mile.
It is said
Nashville Chattanooga & St. Louis.—The
earnings,
ex¬ that there will be required also $450,000 for new
equipment,
penses and charges for April, and for the ten months
from $390,394 outstanding balance due on car trusts and
$150,000
July 1, have been as below :
for new
terminal facilities.
April.
144,275
130,135
,—July 1 to April 30.—>
1887-8.
1886-7.
$2,610,675 $2,279,976
1,485,322
1,318,280
$87,988
$63,012
12,827
$92,585
$56,560
10,921
$1,125,353
$624,694
124,006
.
1888.
Gross earnings
Operating
expenses....
Net earnings
Interest and taxes
Improvements
—.
1887.
$232,263 $222,720
Railroadg in New York State.—The returns of the fol¬
lowing roads for the quarter ending Mirch 31 have been
filed at Albany as follows:
/—Manhattan Elevaed.—,
1888
1887
$961,696
$596,560
81,296
Gross earnings
Operating oxpenses.
$2,099,718
1.215,518
$1,941,790
Total
$75,839
$67,481
$748,700
$677,856
Surplus
$12,149
$25,104
$376,653
$283,840
New York Chicago & St. Louis.—This
reorganized com¬
pany is making large expenditures for renewals and
improve¬
ments, which
Not earnings....
Other income
Total
Deduct—
...
Rome Wat. d Ogden,
188 -J
1887
$686,518
1,170,020
$638,972
440,257
402,719
$884,200
$771,770
21,711
$246,261
17.250
8.087
$236,253
7,986
$905,911
$789,020
$254,348
$244,239
■
charged to operating expenses, making them Interest on debt.... $383,381
$381,331
$143,754
$141,188
appear as an unusually heavy percentage of net
124,580
124,463
earnings. For Taxes, rentals, &c..
82,889
118,152
the six months ending March
31, 1888, the net surplus over all
Total
$507,961
$505,794
charges, including $400,000 interest on the first
$226,643
$259,340
Balance
sr.$397,950 sr. $283,226 sur. $27,705 def. $15,101
bonds, was $202,934. The sinking fund provisions of mortgage
this com¬
r-Lal e Shore d If. South.<—N. T. N. H. d Hart.—*
pany are somewhat peculiar, as there is to be
applied $100,000
1888
1887
f 1888
188>7.
per year if the road has clear net
earnings of $900,000 and if Gross earnings
$4,279,497 $4,198,556
$2,096,396 $1,671,334
the bonds can be bought at
expenses.
otherwise
the
Operating
102;
2,562,837
2,408,287
1,471,764
1,049,282
sinking fund
lapses for that year. If the bonds should ever sell,
therefore,
Net
earnings.... $1,716,660 $1,790,269
above 102, the sinking fund
$624,632
$622,052
provision would be null for the Other income
33.744
18,565
31,846
3,837
time, and there would be $100,000 more to be
applied to divi¬
dends on the stocks. The
Total
$1,750,404 $1,808,834
report for the quarter
$656,478
$625,889
March Fixed charges
1,061,035
31, 1888, to the State RR. Commissioners, shows ending
1,035,000
389,425
214,947
the follow
are
«.
r-Qvar. end'g Mar. 31.—,
Gross
1888.
earnings
Operating
expenses..
Net earnings
Fixed charges
Surplus
$1,312,051
1,007,062
1887.
ing:
-6
mos.
1887-8.
1*80-7.
$1,271,792 $2,728,032 $2,460,36
805,434
2,027,297
$304,989
*250,934
$-466,358
*97,791
$700,735
*497,801
$54,055
$368,567
1,554,7'
$905,65
*191,30
$202,934
$714,3c
In tlie above statement interest
is included in fixed
charges iu u
quarter and six months ending March
31,1888, only. In the previoi
year no interest wras
*
included.
New York Lake Erie & Western.—The
returns for the
quarter ended March 31 were as fallows in 1887 and 1*88:
|1888.
$6,068,881
4.013,542
$5,933,030
Less leased lines’ proportion...
$2,055,339
517,153
$2,018,260
Balance
Income from other sources
$1,538,186
Gross earnings
Operating expenses
Net
earnings
Total income..
Deduct—
Interest on debt...
Taxes, rentals, &c
Total..
155.082
$1,693,268
$1,273,464
571,615
$1,845,079
1887.
3,914,770
520,375
'
$1,497,885
$1,665,525
$1,274,338
£33604,367
sur....
$689,369
Southern Pacific
$773,834
$267,053
Company.—The following is
tive statement of the earnings, expenses and fixed
this company for March, and from January 1 to
The total mileage is 5,584, against 5,465 last year:
March.
/
Gross earning8—
Pacific system
Atlantic system
Total gross
Net earnings—
Pacific system
1888.
*
a compara¬
charges of
March 31.
Jan. 1 to Mch. 31.—.
.
1887.
$2,827,054 $2,270,408
1,065,836
765,407
$410,942
1888.
1887.
$7,700,927 $5,602,092
2,901,518
2,176,423
$3,892,890 $3,035,815 $10,602,445
$7,778,515
$1,010,017
338,961
$95^,659
41,357
$2,589,915
843,706
$2,101,131
281,320
Total net
$1,348,978
Rentals leased lines...
47,724
$995,016
$3,433,621
$2,382,451
Atlantic system
.
23,069
143,173
89,930
Total net income.. ..$1,419,771
'Fixed charges
1,307,821
$3,666,724
3,863,403
Receipts other sources.
Net profits
167,640
$1,878,705
Balance...
def.$151,811
def. $213,180
There has been some discussion as to the balance
sheet of
this company, and its items of
floating obligations, and
Balance,
cnd’g Mar. 31.-
*
$111,950
.
df. $196,679
Includes int., rentals, additions and betterments, Cent. Pae.
guar,
taxes .and IT. 8. dues.
Wheeling & Lake Erie.—The Wheeling & Lake Erie forty-
year 5 per cent loan offered in London
and the money is to be applied to the
struction of the extension of the
town, O., to Wheeling, W. Ya.
Bp* For other railroad
was
all
taken,
immeiiate con¬
company’s line from Bowers-
new 8 see page
638*
MAT 19,
THE CHRONICLE.
188&J
651
INCOME AND EXPENDITURES.
Mvpovts and Hocumeuls.
The following statement shows the income and
expenditures of
the Company for the year ending December 31,
1887 :
SOUTHERN PACIFIC COMPANY.
Pacific
ANNUAL REPORT FOR YEAR 1887.
System,
Total.
Atlantic System
3,888*88 Miles of 1,687*16 Miles of 5,576*04 Miles of
Road,also Steam¬ Road,also Steam¬ Railroad, also
ers.
Steamship
ship Lines.
Items.
Lines.
To the Stockholders:
.
of the Gross Earnings
Operating Expenses....
Company’s operations and affairs for the year ending December Earni’gs over Operating
Expenses
II, 1887 ;
Rentals Received.
Your Directors submit herewith their report
Lines Operated.
following is a list of the lines operated by the Company
during the year, with the miles of road on December 31st:
$10,313,406 08
7,283,884 92
$37,930,161 57
22,712,198 aa
12,188,442 09
3,029,521 16
54,900 00
3,084,421 16
15,217,963 96
Rentals Paid
Tuxes
519,791 12
12,708,233 21
1,636,020 60
766,974 97
Balance
10,305,237 64
Total Surplus
The
$27,616,755 49
15,428,313 40
Surplus
574,691 19
87
56
41
40
15,792,654
1,911,640
1,022,263
12,858,750
275,619 96
255,288 44
2,553,512 76
PACIFIC 6Y8TEM.
Embracing the lines west of El Paso, Texas, and sub-divided
As shown
as
follows:
above, there remained
operating
expenses,
erties and taxes, of
I.—Central Pacific Railroad Lines.
a surplus, after payment of
rentals of leased prop¬
$12,858,750 40
MILES.
Central Pacific Railroad
1,355 02
Sacramento & Placerville Railroad
Add interest received on bonds owned
Interest received on notes and accounts
Income from other sources
Income from transportation lines in Louisiana
and Texas
5*64
Stockton & Copperopolis Railroad
Sacramento River Steamers
49 00
$66,600 00
105,886 83
467,582 12
12,875 00
1,409-66
652,943 9t
II.—Sundry Leased Lines.
Total
Amador Branch Railroad
Berkeley Branch Railroad
California Pacific Railroad
Los
Los
27*20
3*84
115*44
16*83
27*60
Angeles & Independence Railroad
Angeles & San Diego Railroad
Northern
Railway
474*80
San Pablo & Tulare Railroad
San Joaquin Valley & Yosemite Railroad
South Pacific Cost Railway, Narrow Gauge
46*51
21*00
104*00
990*85
and
Branches.
Southern Pacific Railroad of California, and leased lines:
Northern Division
Southern Division
283*71
System
ATLANTIC
3,888*88
as
Railway
Morgan’s Louisiana & Texas Railroad
Morgan’s Louisiana & Texas Steamships
Gulf, Western Texas & Pacific Railway
New York Texas & Mexican Railway
follows
:
207*73
112*03
283*50
During the
436,137 22
04,253 04
$1,086,733 31
113,266 69
1,200,000 00
reorganizing
Betterments and additions
leased properties
Less amounts
90,057 58
7,172 48
to
$1,431,638 73
payable by lessor
Companies
943,95 5 84
487,682 89
$1,490,109 65
1,072,835 05
417,274 50
55*00
92*00
1,687*16
5,576*04
1887 the following changes in mileage of the
operated by this Company were made :
Central Pacific Railroad.—The Oregon Division was ex¬
tended from McCloud to the State Line,
making a connection
with the Oregon & California Railroad.
The "first train ran
through from San Francisco, California, to Portland, Oregon, on
roads
for the year ending Dec 31,
1887
Balance to make guaranteed
rental of $1,200,000
1, 1885, as re-stated
Less amounts paid for account
of 1885
936*90
Total Miles of railroad operated
219,486 70
275,000 00
'
Net profit, 1885, 1886 and 1887,
due lines under lease of March
SYSTEM.
Embracing the lines east of El Paso, Texas,
Galveston Harrisburg A San Antonio
Texas & New Orleans Railroad
Louisiana Western Railroad
$9,364,503 82
Oregon & California Railroad
Sundry expenses of Oregon & California R. R.,
July 1 to Dec. 31, 1887
1,488*37
Total Pacific
profit of Central Pacific lines
Balance of expenses for 3*ear 1887,
644*86
383*74
171*06
Southern Pacific Railroad of Arizona
Southern Pacific Railroad of New Mexico
;
pense
Net
III.—Southern Pacific Railroad
payable
For interest on bonded debt paid and propor¬
tion accrued to Dec. 31st
Interest on notes and accounts paid
Central Pacific Railroad Sinking Funds
Central Pacific Railroad Sinking Funds in
United States Treasury
Central Pacific Railroad Land Department ex
153*63
Oregon & California Railroad
$13,511,694 91
Out of which is
year
$12,562,268 23
Less : Due from lines underlease
of March 1,1885, for betterments
and additions charged in in¬
come now chargeable to lessor
companies, 1885
$430,707 03
1886
370,207*02
$800,914 05
Less deficit for 1886 charged
leased properties in suspense,
now re-stated... *
Due from other leased lines
743,525 13
$57,388 92
on
operations for 1887
28,144 92
85,633 84
December 16-17.
Oregon ^California Railroad.—This road was constructed
from its former terminus, at Ashland,
Oregon, to a connection
with the Central Pacific at the State line, a distance of 26 miles.
The line north of Ashland, running to Portland, with its
branches,
comprises 448*80 miles of road; making a total of 474*80 miles.
This road has been leased to the Southern Pacific
Company for
forty years from July 1, 1887. The road was operated by the
receiver during 1887, but the results of the operations from
July
1st are shown in the accompanying reports.
Southern Pacific Railroad of California and Leased
Lines.—The Southern division was extended by the construction
of the Southern Pacific Branch
Railway from Saugus to Elwood,
91 *50 miles.
South Pacific Coast Railway.—Narrow gauge. This road
was leased from
July 1, 1887, for fifty-five years. It comprises
104 miles of road, besides valuable ferry lines on the
bay of San
Francisco.
Galveston Harrisburg & San Antonio Railway.—The
added
of a
$12,476,754 89
Net
surplus
$1,034,959 96
The betterments and additions
the period shown, were as follows :
to
For the ten months ending December 31,
For the year ending December 31,1886
For the year ending December 31,1887
1885
the lines under
$480,707 08
370,207 09
948,966 84
$1,744,860 89
The resulting improvements to the several properties, respect¬
ively, have been for the following amounts:
Southern Pacific R. R. of California
Southern Pacific R. R. of Arizona..
Southern Pacific R. R. of New Mexico
$734,987 15
89,746
20,020
437,990
133,564
98,066
280,547
Galveston, Harrisburg & San Antonio Ry
Texas & New Orleans R. R
Louisiana Western R. R.
Morgan’s L. & T. R. R. and S. S. Co
change of line between El Paso and Valentine
Indianola.
In connection with its railroad lines, the
Company
several ferry and transfer steamer lines on the
Francisco, and
operates
bay of San
the Mississippi River, at New Orleans. It also
operates steamers oh the Sacramento River, running between San
Francisco and Sacramento ; transportation lines on the bayous of
Texas and Louisiana ; and ocean steamship lines as follows :
New Orleans to New York; Ntw Orleans to
Havana, Tampa
and
on
Key West; Morgan City to Vera Cruz and Galveston;
Morgan City to Brazos Santiago; Morgan City to Corpus
Christi.
48
09
63
44
18
18
$1,744, 869 89
mile to this line.
Gulf Western Texas & Pacific Railway.—This road was
shortened eleven miles by abandoning the road from Lavaca to
lease, for
The interest charge on bonded debt was in 1886,
in 1887, $9,364,503'83; an increaseof $609,693*74.
items of this increase are as follows:
$8,754,810*08;
The principal
Central Pacific Railroad Co.—net increase for year.
Southern Pacific Branch Ry.
Accrued on new bonds issued...
South Pacific Coast Ry. Accrued from July 1st to December
$161,773 If
31st, under lease
Oregon & California Railroad. Accrued on new bonds July
1st to December 31st, under terms of lease
110,000 00
110,115 00
233,722 50
$615,610 6C
CHARLES CROCKER,
Second
Vice-President,
Acting President,
THE
1 652
ACCOUNT
COMPANY IN GENERAL
3HIE SOUTHERN PACIFIC
DECEMBER 31, 1887.
Co. Land Depart¬
Expenses, year 1887
To Ceu. Pac. RR. Co. net profits under
To Central Pacific RR.
ment
lease for the year 1887.$1,086,733
Balance to make guar¬
«r
881
Owned :
/Shares gf stock. Name of Company.
439,979 So Pacific RR. of California
199,950 So. Pacific RR. of Arizona.
66,888 So. Pacific RR. of New Mex.
262,784 Galv. Har’b’g A San Ant. Ry.
50,000 Texas & New Orleans RR.
33,600 Louisiana Western RR.
40,627 Morgan’s L.&T. RR. & SS. Co.
41,721 Mexican International RR.
60,000 South Pacific Coast Ry.
6,050 N. Y. Texas A Mexican Ry.
•To Stock and Bonds
$1,272,068 01
1,311,616 98
39,548 97
343,705 97
2,778,305 76
183,496 13
By Balance Surplus January
By Gross Earnings
$364,827 94
37,930,161 57
1, 1887
525 12
14,000 00
between
Sierra
'operations for the
10,113,004 19
4,122,241 59
To due by lessor compaifs
under lease ol‘ March 1,
1885, for bettenuents A
additions fo t hei propcitics in >5. \S6 and \S7
1,744,869 89
Less balance due on
account of net prolits to
417.274 50- 1,327,595 39
Dec. 31,188“
To balance due bv other leased 1 lies,
28,144 92
from operations for the year 1887..
$89,027,770 00
890,277*7 shares Common Stock
I>v Sundry Liaiueities:
Unpaid Vouchers and Pay Rolls
Due Companies and Individuals...
Rills and Accounts payable
$3,169,499 76
2,663,277 04
166.630 05
403,029 88
Unadjusted Open Accounts
1,058,242 88
Litigation
1885, 1886 and 1887,
943,955 84
1.744,369 89
$i 1,295,639 39
PENSES FOR THE YEAR
EARNINGS AND OPERATING EX¬
ENDING DECEMBER 31, 1887.
Earni'gs over
for the year 18^7
.$1,086,733
make guaranteed rental
31
Op. Expenses.
Central Pacific RR...$13,428,094 00
Sacramento A I’laeerville RR.....
35,749 76
8tookt’n A Cop’iis RR
118,637 43
Sacra.nculo ltiv.strs.
140,838 54
$7,128,037 66
$6,300,056 34
13,119 22
63*397 86
22,630 54
55,239 57
130,767 05
10,071 49
$13,723,319 73
$7,335,321 79
$6,387,997 94
$27,231 19
PACIFIC SYSTEM.
Cent. Pac. Lines—
IT. Sundry Leased Lines—
Amador Branch RR.
$52,819 33
Berkeley Bi anch RR
Cal. Pacific RR
38,814 48
44,831 4 3
1*207,371 97
576,285 10
$25,588 14
6,016 95
631,086 87
110,020 27
47,134 71
62,885 56
175,43S 71
1,99 »,564 57
564,514 28
80,878 47
886,188 87
351,063 78
94,560 24
1,113,375 70
15,895 10
20,615 93
*4,720 83
255,778 15
291,076 42
482,106 74
$2,611,084 05
$2,812,878 65
$944,800 92
3,061,044 62
1,053,733 84
$782,443 93
1,188,923 71
702,784 93
422,328 18
313,407 93
Angeles A Inde¬
pendence RR
San
Diego RR
Los
1,200,000
113,266 69
Los Angeles A
Income Ac¬
B alance to Credit of
Opcr. Expen's.
of Line.
Total
10,817,623 58
RR. Co.,May 1,1S88:
$1,200,000
Gross Earnings.
Name
90,328 00
•Coupons due in 1888, proportion of in¬
terest accrued to December 31, 1887. 3,267,615 97
By
Northern Railway
Or. A California RR.
San Joaquin Valley
A Yosemite RR
San Pablo A Tulare
RR,
..
1,399,787 90
count
—
$102,445,181 48
South Pac.Coast R'y
INCOME ACCOUNT
To Operating Ex pen sos
To Rentals of Leased Properties
Amador Branch RR..
$22,712,198 32
for 1887—
Pajaro A Santa Cruz RR...
RR.—5*64 m.
RR
Dorado” and “El Monte"
Tex. A Pacilh* RR.—Alex’diia Extens’n.
Union Pacille Rll.—5 m.west of Ogd’n..
$48,000 00
$5,423,962 70
Total
So. Pac. RR. of Cal. and Brs:
Northern Division. $1,727,244 85
Southern Division.
4,249,973 33
So. Pac. RR.of Ariz..
1,756,518 77
So. Pi«e. RR. of New
Mexico
735,736 11
13,824 00
6u0,000( 0
14,000 00
12,000 00
20,196 00
33.384 00
20,4oo 00
Total..
600,000 00
...;
12,000 00
7,200 00
$5,481,907 56 $2,987,565
50
Total Pac.
System.$27,616,735 49 $15,42^,313 40
$12,188,442 09
$3,347,181 25
$2,661,235 49
$682,945 76
1,267,564 59
343,795 65
701,212 53
423,959 92
414,835 73
4,642,08712
3,263,118 50
1,378,968 62
74,9 tl 75
148,416 73
*32,689 19
170,524 91
.$10,313,406 08
$7,283,984 92
$3,029,521 16
...$37,930,161 57 $22,712,198 32
$15,217,963 25
25,000 CO
.
264,999 96
lu,020 00
26,616 60
Additions, as per Table
and Municipal Taxes—
Pacific System.
Atlantic'system
1.
1,911,610 56
4,431,638 73
$766,974 97
255,288 44
La. Western RR
s
paid on Bonded Debt and pro¬
portion accruing to Dec. 31, 1887, on
coupons maturing in isss
To Interest on Floating Debt,
payments;.1
Central Pacific RR. Co. Sinking Funds $275,000 00
Central Pacific RR. Co. U. S. Require¬
ment for 1 ^ **7, under Thurman Sink¬
ing Fund Act
436,137 22
Total all lines
9,364,503 32
219,486 70
42,252 56
Pacific lt’y
N.Y. Tex. A Mcx. R’y..
1,022,263 41
To Interest
$3,469,473 06
31,80000
No. 8
To
To
230,562 68
III. So.Pac.RRs A Branches—
.
To State, County
„
133,450 50
165.600 00
6 000 00
Steamships—'“Eureka.” “El Paso,” “El
To Betterm'ls and
737,884 89
521,639 10
*
DECEMBER 31, 1887.
Berkeley Branch RR
California Pacific RR
C. P. RR. for Steamer “Julia”
Colorado River Bridge
Los Angelos A Independence RR
Los Angeles A San Diego RR
Monterey RR
North’ll Railway and Transfer Steamer.
Rio Grande Bridge.
Sacramento A LT'eerville
8an Pablo A Tulare RR
San Jose A Almaden RR
.Stockton A Cnpperopolis
12,875 00
.........
CONDENSED STATEMENT OF
1,355,740 31
Bv Capital St>»ck :
of
28,144 92
1887
year
By Operation of Transportation Lines,
etc., m Texas and Louisiana.
By betterments and additions to proper¬
ties uiider lease of March 1, 1885,
chargeable to.lessor companies—
1885
...$130,707 03
1886
370,207 02
$102,445,181 48
For net prolits
For balance to
531,182 12
467,582 12
„
$3,070,373 18
System... 1,051,868 11
By Di e Ckn. Pa*f:c
$66,600 00
i.
By Balance due from Leased Lines on
1,206,793 91
635,158 37
JSuppi’s for cur’nt opcr'ns—
•Coupons due in
uncalled for
105;S36 83
received...
By Income from other sources
436,137 22-
..
Taxes in
574,691 12
54,900 00
By Interest on Floating Debt,
By Interest oil Bonds owned
$1,612,931 13
On Atlantic
7,872 48
1,399,787 90
$41,295,639 39
den
Steamer “Juba”
Texas A-Pacific RR,
Blanca and El Paso
and supplies—
$1,558,590 42
Atlantic System...
84,310 71
em.
90,057 58
organizing Oregon A California RR ...
Sundry Expenses of Oregon A Califor¬
nia RR, July 1—December 31,1887....
Balance to crediiof General Account.
of mails, troops
On Pacific System
Sys
743,525 13
By Rentals f’m I,eased Properties, 1887A. A P. RR, for Colorado Division
$136,266 00
California Southern RR*. between Colton
and Los Angeles
69,000 10
D. A R. G. W. RR/for third rail at Og¬
$30,000 00
513,302 46
agents
companies and individuals ....
Cent al Pacific. RR. Co
U. S. Govcrnm’t for transports
On Pacific
417,274 50
To
999,000 00 $89,664,820 00
owned
Less requirements for
the y< ar 188
under
Thurman Act for C.
P. RIi. Co
Uuadjiistcd open ac ts
1,490,109 55
1,072,835 05
pense,now re-stated in net profit account
above
I
To Balance of Expense for year 1887. re¬
Demand loans
Remittances in transit
On
$1,975,390 26
1,200,000 00
net deficit under lease of March 1,
1885, for the year 1886, carried in sus¬
To Sundry Assets :
Due by
Due by
Due by
Due by
anteed
To
of the Galveston Harrisburg & S.
Antonio Ry. Co., second inort., West’n
Division, 6 per cent, $1,100,000. Cost
To cars owned
To other.property
$64,253 04
31
rental of
$1,200,000
113,266 69
To net profits under lease of March 1,
1885, payable to lessor companies for
1885, 1886 and 1887, as re-stated
Less payment made for the year 1885.
$88,665,820 00
Total cost
1,201,599
jionds
[VOL. XLVIi
CHRONICLE.1
'
563,352 06
22,108 18
^Operating expenses over earnings.
G. L.
LANSING,
Secretary and
Controller.
Mat 19,
COTTON.
£Itc toraraeraal %xmes.
COMMERCIAL
Friday, P. M., May 18, 1888.
from the South
May 18,1888.
Mississippi River, doing much damage
property and causing some injury to crop3 in bottom lands,
are among the incidents of the week.
Id was unseasonably
cold in middle latitudes, and frosts, more or less severe, were
reported. An active speculation in breadstuffs, attended by a
sharp advance in prices, with a subsequent reaction, was the
chief occurrence in speculative circles. The first boat through
the Erie Canal to tide-water arrived to-day.
Lard on the spot shows some further advance, but at the
higher prices business has been on a limited scale. To-d iy
the market was very firm, at 8‘25c. for prime city, 9*85@8*90c.
for prime to choice Western, 8 45c. for refined to the Conti,
Floods in the upper
d 9,C0c,-fcr refined to South America. The speculation
in lard for future delivery has continued moderately active
ar
and prices show a further and decided advance on m imputa¬
tion at the We3t for the speculative account, a slight decline
more
than recovered to-day.
Oct. delivery
8-30
8’o6
8-70
8-71
8-73
8-73
S-73
8-58
8-59
8-62
8-02
8*80
8-70
871
8-73
8*74
8-74
*
8-32
8-G9
8*70
8-72
8-74
8-74
TuC8.
183
15
Galveston
79
Wed.
Fri.
Thurs.
655
m
New Orleans...
2,322
1,456
3/'3\
49
251
16
Mobile
8-75
8-06
8-68
8-71
8-73
8-72
Friday
-
F,*87
8-79
8-79
8-81
8 83
8-SI
Total.
141
210
Indianola, Ac.
109
m
m
m
m
Savannah
43C
113
758
9 85
9,311
24
7
34T
2
O'
509
287
616
Bruns w’k, Ac.
Port
12
2,43f>-
618
189
546
33S
81
81
213
50
13
24
43
32
40<>
314
1,626
1,145
799
713
276
373
596
333
815
2,295
......
......
467
473
940
125
571
2,041
2S8
288
2
241
Royal, Ac
Wilmington....
1
Wash’gton, Ac
Norfolk
203
West Point, Ac
New York
......
Boston
2,762
12
430
to (X>
Charleston
m
995
Florida
263
267
132
686
45
45
80
69
Philadelphia, Ac
SaturiVy. Moral* y Tuesday. Wednsd’y. Thursday.
8*05
Mon.
Sat.
Receipts at—
Baltimore
DAILY CLOSING PRICES OF LARD FUTURES.
May delivery
June delivery
July delivery
Aug. delivery.
Sept, delivery
evening (May 18), the total receipts have reached 29,065
bales, against 36 223 bales last week, 32,603 bales the previous
week and 30,641 bales three weeks since, making the total
receipts since the 1st of September, 1887, 5,321,154 bales, against
5,158,523 bales for the same period of 1886-7, showing an in¬
crease since September 1, 1887, of 162,631 bales.
this
to
yesterday being
Crop, as indicated by our telegrams
to-night, is given below. For the week ending
The Movement of the
EPITOME.
Friday Night,
nent
653
THE CHRONICLE.
1868.]
1
4,8754,(565
5,871 29,0653,145
4,06 ;
5,131 ! 7,001
3,851
For comparison we give the following table show ing the week’s
total receipts, the total since September 1, 1887, and the stock
Totals this week
to-night, compared with last
1887-83.
j
year.
1S86-S7.
(
Stock.
Receipts to
quiet; mess, $14 25@$15 25 for old and new^
Since Sep.
This
This
Since Sep.
18S7
1888.
May 18.
extra prime,
Week.
Wee/:.
1, 1886.
1, 1887.
25; clear, $16 25@$17 75. Cutmeit
have been quiet; pickled bellies,
shoulders, 7}^$ Galveston
269
658
7,516
705,433
6,118
649,799
Iud'nola.Ac
7?iC., and hams, lli£@lli£c.; smoked shouldera, 8?4>., and
142,352
113,803
3,916 1,709,737
9,311 1, (17, /1 /
hams, 12f^@12}^c. Beef is firm at $7@ $7 50 for extra mess New Orleans.
79
Mobile
347
211,770
1,833
12,949
203,021
and $8(g$8 50 for packet per bbl.; India mess quoted firmer
-1
23,152
Florida
23,371
at $12@$14 per tieic?; beef hams steady at $16 per bbl.
Tal¬ Savannah
8 0,347
3,888
1,267 792,290
vs,mi
2,762
low lower at 4}£c. Stearine is dearer at 11c. Oleomargarine
357
12
31,727
Bmnsw.,Ac
74,827
294
717
9,426
is quiet at 8c.
363,813
406,312
2,435
Butler is in good demand at 22@26c. for Charleston
128
136
57 3
P. Royal, Ac
81
15,728
18,769
creamery and 19@22c. for Western factory. Cheese is dull;
100
405
2,955
134,198
1,933
167,353
old Stale factory quoted at 8@llc.; new do.,
94£c., and Wilmington
3
1
3,823
Wasli’t’n.Ac
4,924
new skims, 3((d8^c.
Norfolk
527,757
470,598
16,510
1,195
4,561
4,873
Coffee on the spot has ruled very firm, and to-day there was
115
W, Point, Ac
1,686
322,993
4,665
505,411
283
New York....
940
90,126
199,268
94,336
204,G94
a good business done, incluling Santos at 1434c. for No. 7 and
716
Boston
102,137
10,500
82,084
2,014
5,000
14%c. for No. 6, and Rio at 12?4'c. for No. 10 and 15}±c. for
2SS
Baltimore
17,10 •
4,570
62,136
1,209
43,920
No. 6, but mild grades were quiet. The speculation in futures
679
211
15.208
54,4,7
21,613
25,708
Phil’del’a, Ac
though not active, has been toward higher prices, due mainly
Totals
44S,134
375,714
29,065 5,321,154 10,626 5,15S,523
to the abolition of slavery in Brazil, To-day there was little
In order that comparison may be made with other years, we
change.
give
below the totals at leading ports for six seasons.
14-30c. I September.. ..ll*45c. I January
May
10-90c.
Juno
13-55o. 1 October
ll*10e. | February
..10*J)()c. Reecipts at —
1886.
1885.
1887.
1888.
f 1884. | 1883.
„....12’35e. I November
10*90c. I March
10*95c.
July
August
1210c. | December
10’90c. | April
10 95c. Galveston....
300
269
751
658
1,409
3,880
Raw sugars, though without much activity, have latterly New Orleans.
7,814
2,459
1,716
10,184
9,311
3,916
e SB
98
Mobile
347
79
344
1,1 3 7
shown more steadiness, and to-day sold at 5%c. regular, for
540
Savannah
509
3,448
2,762
1,267
3,490
Centrifugal 96 deg.test, and 3i£c. for the same c. and f.; also,
422
213
274
660Charlest’n.Ac
2,516
4,305
molasses grade, 88 di g. test, at 2 7-16c. c. and f.
Refined 1 Wilm’gt’n, Ac
103
515
19
406
22
335
710
328
sugars in moderate request.
5,922
Molasses declined to 20c. for 50 Norfolk
1,195
4,202
4,873
115
369
11
2,875
1,694
4,665
deg. test, at which a cargo sold to-day. The tea sale on W’t Point, Ac
All others....
4,993
2,270
2,359
10,551
3,260
3,527
Wednesday went off at steady prices, except that Formosa
Tot. this week
7,429
29,065
29,447
10,62
5,b03
38,5311
Oolongs were slightly cheaper.
Kentucky, tobacco was in fair request and firm ; sales of the Since Bept. 1 5321,154 5158,523 5142,549 4.694,397 4743,533 5793,760
week, 450 hhds., about half for export.
The movement in
Galveston includes Indianola; Charleston includes Port Royal, Ac. *
seed leaf reaches the full aggregate of 1,850 cases, as follows : Wilmington includes MorelTd City, Ac.; West Point includes City Point, Ao*
The exports for the week ending this evening reach a total
300 cases 1887 crop New England, 15c.; 600 cases 1886 crop
of 48,191 bales, of which 36,201 were to Great Britain 1,65(5
Pennsylvania, 63^@lBc.; 150 cases 1886 crop Pennsylvania to France and 10,334 to the rest of the Continent. Below are
Havana, 5^@12c.; 200 cases 1886 crop State Havana, 8@18c.; the
exports for the week and since September 1, 1887.
150 cases 1886 crop Wisconsin Havana, 5@12c.; 250 cases 1886
From Sept. 1, 1887, to May 18, 1834
Week Endimj MaulS,
crop, Dutch, 9}£(a)llc , and 200 cases sundries, 9$30c.; also,
Exported to—
Exported to—
500 bales Havana, 60c.@$1 10, and 350 bales Sumatra, $1 35(a)
Exports
Great
Conti¬
Conti¬ Total
Great
$150.
from—
^
France nent.
Total.
Britain. France
nent.
Week.
BriCn.
On the Metal Exchange Straits tin has been very unsettled;
81.973
4,02i
223,886
512,883
rather more business was done, but the close is nominal at 21c. Galveston
G8 2,003 287,291
410,910 1,350,233
New Orleans.. 11,530
5,117 19,653
on the spot and 19c. for August, with a sale for June at 19}^c.
02,488
02,438
Copper showed more activity, and there was a brisk business Mobile
3,44*5
3,140
Florida
to-day at 16‘60c. for M*y, 16‘50c. for August, 16'35c. for Octo¬ Savannah*
18:,:i52 12,480
240,398
410,230
ber and 16c. for next January. .Domestic leal has declined to
70,037 25,839
182,154
278,0312
Charleston....
4*05@4 10c. for May delivery. Spelter closes firmer at 4*70c. Wilmington
39,722
121,903
75,780
0,395
The interior iron markets remain depressed and unsettled—a Norfolk
4,139 227,490
1,454 223,357
1,454
2.791
1,109 222,04 iS
leading company having sold extra No. 2 pig at $17, and steel West Point,Ac 2,791
221,534] ......
rails will hardly bring $31 at the mill.
New York
2,494 15,78o 515,989. 35,332 201,40l' 752.722
ll,(Ch 1,(551
190,202
2,503
193,099
5,339
Spirits turpentine shows some further advance, and closes Bnuton
145.317
100,001
42,311
2,405
2,72
Baltimore
2,723
to-day quite firm at 373^@38c. Rosins have been les3 active,
451
51,027
48.730
451
5,291
PhllaUelp’a’Jt
and eloae somewhat nominal at $1 20@$1 25 for common to
good strained. Cuide petroleum certificates are stronger, but
Total
1,650 10,334 48,19 '-.012,521 373.76*5 1,211,943 4.190,233
30,201
have varied but little, and close quiet at 88jy@89c., after sell¬
*7fi r 0 > 1.101 240 t mi
»*r>8
1:>
OS*
Total 1880-7
ing at OO^c. Wools are more active, business in the new,
Indudea exports from Bruns wick J
Bpring clip from Texas opening with some siprit at 14@17c,
Pork has betn
...
<
o
...
..
.
......
...
..
...
!
......
....
......
....
......
..
••••••
......
......
....
....
......
■
...
W 10M
..
*
or
t
mmmmmm
654
THE CHRONICLE.
In addition to above exports, our telegrams to-night also give
the following amounts of cotton on shipboard, not cleared,
at the ports named.
We add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
& Lambert. 24 Beaver Street.
May 18, AT—
Great
Other
Britain.
US
^
!
M
ft
•
oo
*e
•
o'®
®
®
*
e.
P
pd
p® ® ®
-
®
® o
r+
££&
8»
;
:
£.£&
:
p,£
.
Z.: h
:
"j? i
»
OB
® ®
•
»
•
st
|
^
:
hi
g;
!
|2e33
C®
® 5*
p ® - P
sr®
ana.
Stock.
Total.
® ®
®
K‘® ®
O^npc
ft SO 3
|al|
5*2,60 Q*
Leaving
Coast¬
wise.
Foreign
E*® ® Qi
P ® - JO
D 31 »
OTJOO®
a
® ®
® Q
Shipboard, not cleared—,for
France.
3
2^2
us
On
[Vot,. XL'VI.
•
w
;
©
JB •
M
a;
to
cm.
.
A
I
1|
.
to
New Orleans....
Mobile
Charleston
Savannah
Galveston
Norfolk
New York
12,014
2,731
6,961
Non6.
None.
None.
None.
None.
1,600
None.
None.
None.
None.
None.
4,800
8,500
150
None
4,200
26,914
8,145
56,138
Other porta.....
Total 1888
Total 1887
Total 1886
805;
22,514
119,838
12,949
5,726
None.
900
1.000
None.
None.
5,000
6,600
1,500
None
None.
9.150
10,000
12,687
6,118
9,940
190,118
37,794
2,881
15,464
7,705
52,964
395,170
216
7,702
12,004
2,437
18,500
79,513
357,214
2,800
None.
None.
None.
3,130
3,700
1,000
None
-
8,241
bos-Mtr
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74
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Low Middling
Strict Low Middling
9*,s
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Middling
Good
74
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Middling
104
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Strict Good Middling
Middling Fair
gi'ie
913 16
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104
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STAINED.
Sat.
Mon Tnea Wed
Th.
Middling
7316
74
7316
813,6
94
73,e
81316
7316
74
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813,6
94
94
;
;
73,a
Sat
Steady
Mon
Quiet
Tues. Quiet
Wed
Quiet
Thurs Quiet
Fri... Dull
Con-
port.
sump
..
i.33
.
.
•
•
•
•
;;;;
Total.
133
259
3G9
o91
391
235
287
1,932
Specul'Cn
days.
Tran¬
sit.
Total.
259
127
3bl
301
235
287
125
....
125
....
;
FUTURES.
-
Jlelivcries.
Seles,
17 800
28,900
32,000
..
.
30,000'
31,900
The Salks
and
Prices of
Futures
shown
◄
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ror Heptemn^r■, i!58,200; SepSeptember-Noveinher, for No¬
vember, 481.600; September-Decoiuber, for December, 1.027,400; Septeiinber-Jauaary, for January, 2,2,"6,6'>0; deptember-Februarv. for Februarv, 1.591,7* 0; September-March, for March, 3,112,100; SeptemborA» ril, for April, 2,095,700.
We have included in the above table, and shall continue each
week to give', the average price of futures each day for each month.
It
will be found under eaoh day following the abbreviation “ Aver ” Ti e
average for each mouth for the week is also given at bottom of table.
Transferable Orders— Saturday, 9,lJ0c.; Monday, 9*90
; Tuesday,
O'Soj.; Wednesday, 990c.; Thursday, d'Sba.; Friday, 9*90o.
*
following exchanges have been made during the week:
.....
....
delivered the
are
©©
c©
Eac rideH 8»iea In Heptemoer. 1887,
tenuber-October, for October. 570,200;
04
*18
•19
A ollowing comprehensive table s
J
•
The
16,400
2,190 157,600
The dally deliveries riven above are
actually
previous to that on which they are reported.
-o-4
MO
©
Cy*
I I
•
8ALE8 OF SPOT AND TRANSIT?.
Ex¬
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>.
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4
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3
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1 «
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©
Ox
^
•
74
The total sales and future deliveries each day during the
week are indicated in the following statement.
For the con¬
venience of the reader we also add a column which shows at a
SPOT MARKET
CLOSED.
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MARKET AND SALES.
on same
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glance how the market closed
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ion16 10i4e 10146 1011,6 1011,6 1011,6
1146 114s H4e lUie Ulju 111,6
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to
speculation in cotton for future delivery at this mar’
ket has been quite sluggish for the week under review, and
the fluctuations in prices were unimportant. Receipts at the
ports have continued at very full figures for this stage of the
season, but they were largely at the expense of stocks at in
terior towns, which decreased rapidly; so much so as to cause
the deliveries from plantations to be estimated at very lowfigures. The Liverpool market has at times developed nota¬
ble weakness in view of the statistical position abroad. Elli,
son’s figures were cabled on Tuesday and had a depressing
effect, in view of the large excess over last year of stocks in
American markets. On Wednesday some attention was given
to the
overflow of
the Mississippi River, which gave
strength to values. Yesterday a firmer opening was followed
by a decline, Liverpool having opened higher and then de¬
clined, the weather South having improved.
To-day there
was a slight advance in response to
Liverpool, but business
was very dull.
Cotton on the spot has been quieter. Ad¬
ditional sales for export last week of 3,837 bales were made
public on Monday. To-day the market was dull and nominal
at 10c. for middling uplands.
The total sales for for ward deli very for the week are 157,600
bales. For immediate delivery the total sales foot up this week
2,100 bales, including 133 for export, 1,932 for consumption,
125 for speculation and —in transit.
Of the above — bales
were to arrive.
The following are the official quotations for
each day of the past week—May 12 to May 18.
Sat. Mon. Tuea Wed
©or*
oi„?
CO
?
Cm
05
®
i-i ©
The
UPLANDS.
tf* ~
M
©
ciW?
day
by the
•22
•20
pd. to excli. 200 May for June.
pd to exeh. 1,500 June for Aug.
pd. to exeh. 1,400 June for Aug.
pd. to exeh. 1,< 00 May for Aug.
pd. to exeh. 3,700 June for Aug.
•10 pd to excli 1.000 June for J uly.
•73 pd. to exeh. 500 Nov. for Aug.
•11 pd. txiexch. 1,000 June for July.
•20 pd. to exeh. 500 Juno for Aug.
The Visible Supply of Cotton to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as well as
Mat 19, 1#
THE
8. j
CHRONIOLF
those for Great Britain and the afloat are this week’s returns’
and consequently all the European figures are brought do we
Thursday evening. But to make the totals the complete
figures for to-night (May 18), we add the item of exports from
the United States, including in it the exports of Friday only.
to
1888.
1887.
1886.
bales
773,000
971,000
20,000
630,000
959,000
17,000
27,000
Total Great Britain stock.
790,000
4,000
44,400
991,000
3,800
647,000
5,900
986,000
5,600
50,400
42,500
49,300
16,000
30,000
28,000
48,000
200
300
1,500
500
800
184,000
1,100
251,000
153,000
177,000
3,000
67,000
3,000
53,000
5,000
69,000
6,000
7,000
8,000
12,000
7,000
68,000
14,000
9,000
332,400
412,500
329,200
369,200
Stock at Liverpool
Btook at London
Stock at Hamburg
Btook at Bremen
at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Btook at Havre
Stock at Marseilles
Stock at Barcelona
Stock
-
17,000
300
700
Stock at Genoa
Btook at Trieste
Total Continental stocks
Total European stocks ....1 ,122,400 1,403,500
339,000
170,000
Amer. cott’u afloat for Eur’po.
155,000
76,000
India cotton afloat for Europe.
Egypt, Brazil,Ac.,aflt for E’r’pe
Btook in United states ports..
Stock in U. 8. interior towns..
United States exports to-day.
72,000
24,000
448,134
375,714
48,284
281
122,288
290
1885.
9,000
5,000
976,200 ]L,355,200
214,000
209,000
299,000
134,000
19,000
596,069
158,681
9,528
8,000
464,861
57,919
7,400
Total visible supply
2,090,112 2,200,779 2,272,473 2,236,410
Of the above, tlie totals of American and other descriptions are as rollows:
American—
bales 558,000
Liverpool stock
Continental stocks
American afloat for Europe...
United States stock
United States interior stocks..
United States exports to-day..
Total Amerloan..
East Indian, Brazil, Ac.—
450,000
232,000
155,000
76,000
299,000
134,000
448,134
122,288
375,714
48,284
596,069
158,681
464,861
57,949
9,528
7,400
281
740.000
258,000
1,431,712 1,525,279 1,745,278 1,662,210
Liverpool stock
London stock
Continental stooks
India afloat for Europe
228,000
20,000
130,500
339,000
24,000
215,000
17,000
..
134,mo
170,000
72,000
..
..
Egypt, Brazil, Ac., afloat....
..
180,000
17,000
97,200
219,000
27,000
111,200
214,000
iy,ooo
209,000
8,000
6('8,400
574,200
741,500
527,200
..1,48:,712 ]L,525,279 1,745,278 1,662,210
..
Total visible supply
Price Mid. Upi., Liverpool
2,090,112 2,266,779 2,272,478 2,236,410
5*sd.
5i*i«d.
5%d.
5i6lfld.
PrioeMid. Upl.. New York
The
282,000
290
..
Total East India, Ac
Total American
743,000
198,000
10c.
lie.
9^0.
llo.
imports into Continental ports this week have been
655
bales more than at the same period last year.
The receipts at
the same towns have been 2,911 bales more than the same
week last year, and since September 1 the receipts at all the
towns
75,251 bales
are
more
than for the
Quotations for Middling Cotton
time in 1886-7.
same
at Other Markets.—
In the table below we give the closing quotations of
middling
cotton at Southern and other principal cotton markets for each
day of the past week:
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
May 18.
Satur.
Hon.
Tues.
Wednes.
Thun.
gjio
91s
9716
Oh Q
94a
912
Ohs
97ia
9916
97lc
9*16
9h16
9~16
Galveston
New Orleans.
Mobile
Savannah
Charleston
9ii16
Wilmington
9 l*
...
...
..
Norfolk
Boston
Baltimore
.
...
Philadelphia
91316
99lfi
93q
938
9%
938
99ie
99is
9iiia
Qiifa
Oilia
9
9ii16
9i2
9^
10i*
9*
93s
9\
10i*
10%
Lj
10i«
10
10
10
10
10
1044
1014
95*
IOI4
9^8
104
9»8
104
OSq
i>916
99i«
9»16
....
St. Louis
Cincinnati...
Louisville
...
9%
9^4
9-8
978
Ohi
9^
101*
Augusta
Memphis
919
Pl3]6
Fri.
9^8
99ia
9®ia
9^16
8
9%
9\
97s
9h
97i«
930
9\
10%
10
101*
98s
9yl6
9»i«
9yi6
0
•
9»ia
9\
93*
92*4
934
Receipts from the Plantations. — The
following table
Indicates the actual movement each week from the planta¬
tions.
The figures do not include overland
nor
receipts
Southern
consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
Week
Receipts at the Ports. St'k at Interior Towns. Rec'pts from PlanVns.
Ending—
Apr. 13
“
20
“
27
...
May 4
“
It
“
18
1886.
1887.
60/05
21.827
|
1888.
1886.
1887.
1888.
1886.
39,150
13.077,!
34,754
29,447
12,666
28,504 295,810 119,046 235,705
27,980 271,330 107,100 217.276
30,641 242,113 96,981 199,670
32,603 221,127 80,506 172,287
36.223 200,050 72,510 145,074
10,620
29,005 174,496
43.960
14,222
40.309
15,l4l|
64,808 131,277
1887.
1888.
82,371
8,453
19,486
2,282
11,086
18,164
5,010
2,602
13,683
8/87
2,984
14,788
9,491
13,235
5,020
•,010
15,208
The above statement shows—1. That the total
receipts from
the plantations since September 1, 1887, are 5,428,601
bales;
in 1886-7 were 5,175,331 bales ; in 1885-6 were 5,301,195 bales.
2.—That, although the receipts at the outports the past week
29,065 bales, the actual movement from plantations was
The above figures indicate a decrease in the cotton in sight only 15,268 bales, the balance being taken from the stocks at
lo-night of 176,667 bales as compared with the same date of the interior towns. Last year the receipts from the plantations
1887, a decrease of 182,366 bales as compared with the corres¬ for the same week were 2,984 bales and for 1886 they were
ponding date of 1886 and a decrease of 146,208 bales as 3,887 bales.
CO,000 bales.
were
compared with 1885.
At the Interior Towns the movement—that is the
Amount of Cotton in Sight May 18.—In the table below
receipts
for the week and since Sept. 1, the shipments for the weekand the stocks to-night, and the same items for the corres,
ponding period of 1886-87—is set out in detail in the following
statement.
give the receipts from plantations in another form, and add
M*y 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
we
to them the net overland movement to
1887-88.
IsSas-ari
®
Interior stocks on May 18
excess of September 1
*
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'lMCOSOlOMO
*
The figures for Louisville in both years are “ net.”
figures estimated.
t This yearh
The above totals show that the old interior stocks have
decreased during the week 13,401 bales and are to-night 74,004
6,701,131 6,257,130 6,322,308 5,559,185
i
1
1,612,428 1,467,057 1,605,183 1,257,033
by Telegraph.—Our telegrams from
to-night indicate that in general the weather has
been quite favorable for the development of cotton,
although
in a few sections cool and dry weather retards growth.
The
present prospect in Texas is very gratifying.
ffalveston, Texas.—The weather has been dry all the week,
The thermometer has ranged from 68 to 82, averaging 75.
Palestine. Texas.—Crops look very promising. Rain has
fallen on one day of the week to the extent ot sixty-five hun¬
dredths of an inch.
Average thermometer 71, highest 85
s?
m
47,070
5,175,331 5,301,195 4,741,467
750,799
742.113
578,718
331,000 279,000 239,000
spinners’ takings to
May 18
158,646
Weather Reports
to ©4^01
<j qo
M© C<I© to r-4^
rf1-*
sight May 18
16,808
the South
<1
"to
<»IONSOi
107,447
It will be seen by the above that the increase In amount In sight to¬
night, as compared with last year, is 444,001 bales, the iucrease as
compared with 1885-6 is 378,823 bales and the increase over 1884-5
is 1,141,946 bales.
I
05
00
1884-8B.
in
Tot. receipts from plantat’ns 5,428,601
Net overland to May 1
895,530
Southern consumpt'n to May 1
377,000
Total in
©NO
M K>
| 1885-86.
Reoeipts at the ports to May 18 5,321,154 5,158,523 5,142,549 4,094,397
3 ~-o*
o
s
1886-87.
and lowest 56.
Huntsville, Texas.—We have had dry
weather all the
magnificent. The thermometer
being 87 and the lo.vest 55.
Dallas, Texas.—Work has been resumed, tin? weather hav¬
ing been dry all the week. Some replanting is required, but
week.
Crop prospects are
has averaged 71, the highest
the recent rains have done far more good than harm.
The
thermometer has averaged 71, ranging from 57 to 86.
San Antonio, Texas.—There has been one light shower
during the week. We have never had better prospects for
than now. The thermometer has ranged from 62 to 87,
averaging 74.
Luling, Texas.—Young crops could not be more promising
than now. We have had one light shower, the rainfall reach¬
ing six hundredths of an inch. Average thermometer 75,
highest 89 and lowest 61.
Columbia, Texas.—We have had dry weather all the
week. Crops are not suffering, but havejnot yet had enough
crops
THE
656
rain. The thermometer has averaged 71, the highest being
85 and the lowest 58.
Brenham, Texas.—Prospects are as good as they possibly
-could be. Rain has fallen on one day of the week to the
extent of fifteen hundredths of an inch.
The thermometer
has
averaged 74, ranging from 59 to S9.
Belton, Texas.—It has
rainfall reaching
rained on two days of the week, the
The pros¬
twenty-five hundredths of an inch.
Great
BriVn.
look promising.
and lowest 53.
Aveiage thermometer 71,
New Orleans, Louisiana.—There has been no
week. The thermometer has averaged 75.
nent.
Conti¬
nent.
Great
Total.
Britain
1888 11,000 34,000 45,000 148,000
1887 8,000 41,000 49,000 236,000
1886 15,000 38,000 53,000 209,000
1885 8,000 32,000 40,000 147.000
Conti¬
Great
Britain.
Shipments since January 1.
Great
Britain.
Calcutta-
Shreveport, Louisiana.—Rainfall for the week twelve
an inch.
The thermometer has averaged 73,
ranging from 56 to 86.
Columbus, Mississippi.—It has rained on one day of the
week, the rainfall reaching twenty hundredths of an inch.
The thermometer has ranged from 44 to 88, averaging 67.
hundredths of
Leland, Mississippi.—There has been no rain all the week.
Average thermometer 70*3, highest 88 and lowest 46.
Greenville, Mississippi.—There has been no rain all the
week.
The thermometer has averaged 68, the highest being
85 and the lowest 52.
1888
1887
Madras—
1888
1887
All others—
1888
1887
Total all1888
1887
14,000
2,000
12,000
12,00*6
Since
Jan. 1.
591,001 i4,000 1,041,000
719/XM 82.000 1,155,000
644,00( 76.000 1,026,000
737,000
491.00( 60.000
344,000
Total.
nent
This
Week.
Total.
443,000
483,000
435,000
Shipments for the week.
highest 88
rain all the
Conti¬
Receipts.
Shipments Since Jan. 1.
Shipments this week.
pect continues very fine. The thermometer has ranged from
49 to 86, averaging 68.
Weatherford, Texas.—Dry wfather all the week. Young
crops
SHIPMENTS FOR FOUR TEARS.
BOMBAT RECEIPTS AND
Tear
XLYI.
(VOL.
CHRONICLE
Continent.
Total.
25,000
62,000
70,000
85,000
87,000
155,000
7,000
4,000
2,000
2,000
9,000
6,000
1,000
1,000
15,000
15,000
14,000
15,000
29,000
1,000
2,000
1,000
47.000
89,000
78,000
102,000
125,000
14,000
EXPORTS TO EUROPE FROM
191,000
ALL INDIA.
1886.
1887.
1888.
30,000
Shipments
Since
This
Since
This
Since
This
and dry weather are
to all Europe
Jan. 1.
week.
Jan. 1.
week.
Jan. 1.
week.
from—
will be necessary in
614,000
places. The crop is one month later than last season.
719,000 53,000
49.000
45,000
Bombay
106,000
191,000
1,000
Vicksburg, Mississippi.—We have had no rain during the All other ports.
1,000 VlI-1 toe Or>-* CO COoo 14,000
week. The thermometer has ranged from 55 to 98, averaging 76.
750,000
910,000 54,000
Total
46.000
716,000 63,000
Clarksdale, Mississippi.—Telegram not received.
Little Rock. Arkansas.—We have had two cloudy days
Alexandria Receipts and Shipments.—Through arrange¬
with rain, which was much needed in some localities, and ments we have made with Messrs. Davies, Benaclii & Co., of
will do great good.
The rainfall reached seventy-eight hun¬ Liverpool and Alexandria, we now receive a weekly cable of
dredths of an inch. Crops are well worked, and in good con¬ the movements of cotton at Alexandria, Egypt. The follow¬
dition.
The thermometer has averaged 68, the highest being
ing are the receipts and shipments for the past week and for
86 and the lowest 48.
the corresponding week of the previous two years.
Helena, ArKansas.—There have been two showers during
Alexandria, Egypt,
the week, the rainfall reaching twenty-three hundredths of
1885-86.
1886-87.
1887-88.
May 16.an inch.
Cotton is a good si and, but two weeks late, and
needing rain. The thermometer has averaged 69, ranging Receipts (cantars*)—
Meridian, Mississippi.—Cool nights
injuring young cotton, and replanting
from 48 to 84.
2,000
2,856,000
3,000
This week....
2,834,000
Since Sept. 1
2,867,000
Memphis, Tennessee.—We are reeding rain, there having
This 1 Si7ice
Smce
This
Since
This
been only a slight sprinkle during the week. The rainfall
week. Sept. 1.
week. Sept. 1.
week. Sept. 1.
reached two hundredths of an inch. A light rain is now fall¬
ing. The thermometer has ranged from 50 to 84, averag¬ Exports (bales)—
1,000 249,000
2,000 238,000
To Liverpool
ing 68.
1,000 151,000| 1,000 146,000.i 2.000,158,000
To Continent
Nashville, Tennessee.—We hcve had rain four days of the
week, the rainfall reaching eighty-nine hundredths ot an inch.
2,000 3 v5,000l ! 3,000 385.000
3,000 383,000
Total Europe
Average thermometer 61, highest 88, lowest 38.
A cantar is 98 pounds.
Mobile, Alabama.—The crop is developing slowly on ac¬
This
statement shows that the receipts for the week ending
count of dry, cool weather.
No rain has fallen during t he
week. The thermometer has averaged 71, the highest being May 16 were 3,000 cantars and the shipments to all Europe
3,000 bales.
84 and the lowest 55.
Manchester Market. —Our report received by cable to-night
Montgomery, Alabama.—The weather has been warm and
from
Manchester states that the market is dull for both
dry all the week. Crops are doing well. New oats are in
market. The thermometer has averaged 72, ranging from 48 yarns and shirtings. We give the prices for to-day below,
and leave those for previous weeks of this and last year
to 89.
Selma, Alabama.—There has been light rain on one day of for comparison:
the week, the rainfall reaching ten hundredths of an inch.
1887.
1888.
The thermometer has ranged from 49 to [82, averaging 68.
Coll’%
Cott’n
Auburn, Alabama.—Telegram not received.
8*4 lbs.
32s Cop.
Mid.
32s Cop.,,
8*4 lbs.
Mid.
Twist.
Shirtings.
Madison, Florida.—There has been no rain all the week.
Twist.
Vplds
Shirtings.
TJlilds
The thermometer has averaged 71, the highest being 84 and
d.
1,000^227,000
*
the lowest 60.
Macon, Georgia.—Telegram
d.
d.
s.
Ap. 13 79i6®8**i6 5
20 7^16 83ib 5
ii
27 791(r.g:qG 5
May “4 ;7iiiaa>8 *4 5
“
11 !7111o2>814 5
d.
7
7
7
s.
'a)7
@7
d.
0
0
0
1
1
1
d.
§.16
d.
d.
738®8
s.
5
5
5
d.
s.
d.
9 ®6 10k*
9 'S'G 10*2
9 ^6 10*2
®6 10*2
9
9
'S’6 10*2
8
rd>Q 10
5nie
not received.
5^8
76j6^716lft
5^8
Columbus, Georgia.—It has rained on one day of the week,
538
@7
7»i6«)71^ic
5
5Hlft
the rainfall reaching one inch and twenty-seven hundredths.
712?i>7
57ifi
5%
712@7
5h6 7»i6^7|5i8 5
The thermometer has averaged 71, ranging from 55 to 85.
513j
53q
7516 2>71516 5
18 '7lli6'<z>8i4 5 7^®7
&
Savannah, Georgia.—It has rained on one day of the week,
the rainfall reaching thirteen hundredths of an inch.
Jute Butts, Bagging, &c —There is only a light call for
The
thermometer has ranged from 52 to 90, averaging 71.
bagging, the orders being for jobbing wants. Prices are about
Augusta, Georgia —The weather has been clear and pleas¬ as last, and sellers are quoting 6c. for
lb., tSj^c. for
A fair
ant, with light rain on two days to the extent of thirty-three 7c. for 2 lb. and 7j^(^7^c. for standard grades.
hundredths of an inch. Accounts from the crop are less amount of business is reported in jute butts, tnough no great
favorable. The plant is backward in places, being not yet up, activity is reported. For paper grades selle.s are quoting 1
on account of lack of rain and cool mornings.
Average ther¬ 1 15-16c., while bagging grades are held at 2@2J>£c.
mometer 69, highest 91, lowest 47.
East India Crop.—The following is from Messrs. Gaddum,
Atlanta, Georgia.—We have had rain on one day of the BytheH & Co.’s report, dated Bombay, April 13 :
week, the rainfall reaching thirteen hundredths of an inch.
There has been hardly any demand for export; the local mills have
The thermometer has averaged 68, the highest being 87 and again been the chief operators, and have bought largely daily of all de¬
the lowest 43.
scriptions. Up country the native buyers have been quite excited, ami
Charleston, South Carolina.—It has rained on three days have raised prices to an almost prohibitive level. Our receipts this week
are somewhat larger than last week, lmt they are 11,310 bales smaller
of the week, the rainfall reaching twenty hundredths of an
than those for thc'coiTespoiuling week last year.
inch. The thermometer has averaged 71, ranging from 52 to 84.
European Cotton Consumption to May 1.—By cable
Stateburg, South Carolina.—Rain has fallen on two days
of the week, to the extent of sixty-nine hundredths of an inch. to-day we have Mr, Ellison’s cotton figures brought down to
May 1. We give also the revised totals for last year, that
Crops are doing well.
Average thermometer 09 2, highest 83 comparison may be made. The spinners’ takings in actual
and lowest 46.
bales and pounds have been as follows :
Columbia, South Carolina.—We have had rain on three
Total.
Continent.
days of the week, the rainfall reaching one inch and eightyGreat Britain.
October 1 to May 1.
one hundredths.
The thermometer has averaged 68, the high¬
For 1887-8.
est being 85 and the lowest 45.
4,644,000
2,278,000
2,366,000
Wilson, North Carolina.—There has been rain on three Takings by spinners...bales
435
438
432
days of the week, to the extent of one inch and twenty-one Average weight of bales....
hundredths. The thermometer has averaged 69, ranging from Takings in pounds
1,022,112,000 998,764,000 2,020,876,000
“
“
49 to 92.
India Cotton Movement from all Ports.—The
For 1886-7.
receipts
and shipments of cotton at Bombay have been as follows
he week and year, bringing the figures down to May 17,
for
Takings by spinners.. .bales
Average weight of bales....
Takings In pounds
4,444,000
2,221,000
2,223,000
443
441
442
984,239,000
980,307,000
1,964,546,000
May 19,
THE
1S88.J
CHRONICLE.
According to the above, the average weight of the deliv¬
432 pounds per bale this season,
against 443 pounds during the same time last season. The
Continental deliveries average 438 pounds, against 441 pounds
Jast year, and for the whole of Europe the deliveries average
435 pounds per bale, against 443 pounds last season. Our
dispatch also gives the full movement for this year and last
year in bales of 400 pounds each.
eries in Great Britain is
1887-8.
1886-7.
i Great
Britatn
nent.
Spinners’ stock Oct. 1.
Takings to May 1....
51,
2,555,
167,
2,497,
218,
5,052,
2,460,
166,
2,450,
Supply
Consumpti’n 30 weeks
2,606,
2,664,
2,160,
5,270,
4.367,
2,515,
2,150,
2,616, 5,131,
2,078, 4,228,
Cotton
freights the past week have been
Satur.
nent.
Total,
Do
30),
5
,
55,
1
903, :
365,
221,
4,910,
538,
903,
Do
*4
.
.
25*
a
d.
....
B16
B16
032
25*
Bl«
....
••••
.
932
....
932
....
25*
....
d. 2112S-316 2112S~316
sail
....
....
®32
...
....
*4
....
....
25*
....
116®564
....
*4
....
....
Fri.
B64
....
518
.
Thurs.
Bfl4
....
932
....
Do via Leith.d.
Do
.
932
c.
sail...c.
Reval, steam
*4
B,6
....
Amst’d’m, steam, c.
1
Weekly Consumption,
....
follows:
as
Wednes.
504
•••
....
516
c.
Hamburg, steam
Do
....
..c.
sail
•
l4
c.
Tues.
564
....
c.
sail
Mon.
B64
sail...rf.
Bremen, steam
2,207,
tSpinners’ stock May 1
Conti¬
Britaiti
Total
Havre, steam
Conti¬
~
5,121
Prince, 1,286.
1,286
47,787
Do
Great
Total.
Boston—To Liverpool, per steamers Bothnia,
1,841....Bulgarian, 1,230 ...Iowa, 2,050
Philadelphia—To Liverpool, per steamer British
Liverpool, steam d.
-1
Oct. 1 to Ma>/ 1.
Bales of 400 lbs. each.
0008 omitted.
657
....
25*
....
25*
....
....
2112S~316 2112S~310 2112S-316 21128~31«
....
....
....
....
....
31 0
316
732
332
31C
310
732
S32
3IS
316
732
332
•
Barcelona, steam d. 816®l364
00$ omitted.
In October
In November
In December
Iu
In
January
February
72,0
72,0
72,0
74,0
74,0
74,0
7 4,0
In Marcli
In
72,0
73,0
73,0
73,0
April
72,0
145,0
145,0 i
145,0 ;
72,0
72,0
70,0
72,0
146,0
146,0 i
72,0
72,0
146,0 i
72,0
72,0
146,0
'
72.0
j
68,0
68,0
68,0
70,0
70,0
70,0
140,0
140,0
138,0
142,0
112,0
142,0
71,0
141,0
Note.—Our cable, states that Mr. Ellison has revised his figures of eon.•smnption by adding 1,000 bales per week to Great Britain since Janu-ary
Genoa, steam.. ,d.
Trieste, steam...d.
Antwerp, steam d.
*
1304
3ig
732
332
316
<30
332
310
316
732
332
Per 100 lbs.
Liverpool.—By cable from Liverpool
we have
mg statement of the week’s sales, stocks, &c., at
We add previous weeks for comparison.
1.
Apr. 27.
The foregoing shows that the
weekly consumption in Europe
is now 140,000 bales of 400 pounds each, against 143,000 bales
of the same weight at the corresponding.time last year.
The
total spinners’ stocks in Great Britain and on the Continent
have increased during the month, and are n®w the same as
at the corresponding date last season.
Domestic Exports of Cotton Manufactures.—Through
the courtesy of Mr. W. F. Switzler, Chief of the Bureau of
Statistics, we have received this week a statement showing the
exports of domestic cotton manufactures for March, and
for the nine months since July 1, 1887, with like
figures
for the corresponding periods of the previous year, and
give
them below:
■Quantities of Manufactures of Cot-.Month ending Mar. 31 9
mos. end big
Mar. 31.
8ales of the week
bales
Of which exporters took....
Of which speculators took...
8ales American
Actual export
May 4.
71,000
11,000
6,000
5 >,000
12,000
15,000
828,000
608,000
37,000
23,000
170,000
80,000
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Amount afloat
Of which American
May 11.
i
•Great Britain and Ireland
yards
Other countries in Europe—
“
British North America
“
Mexico
“
•Central American States and
British Honduras
“
West Indies
“
1 ,o31,600
704,877
2,008,307
90,485
5,615,153
12,973,759
5,126,475
“
**
594.204
1,320,407 j
181,525
445,885
805,765
599,539
“
3,910,550
“
1,301,740
75,388
“
Brazil
United States of Colombia...
Other countries in S. A rneriea
,k
Other countries in Asia and
Oceanica
-Africa
•
Other countries
“
“
Total yards of above
"
Total values of above
Yalue per yard
other Manufactures
Cotton exported to—
••Great Britain and Ireland
66,000
4,000
6,000
61,000
10,000
17,000
830,000
6 >1,000
93,000
6 7,000
7,000
4,000
46.000
78,832
26-,532
231.115
611.579
337,533
3,021,913
12,843,336
,
1886-7.
|
14,773,314
11,075,31)6
6,002,711
3,763,006
21,372,449
4.295,007
20,317.022
62,251,208
37,202,252
807.514
6,593,566
4.262,475
4,912.360
1.198,454
9,010,141
4.098,793
1,009,638
604,152
7,944,296
3,427,607
6,570,704
6,925,505
4,231,431
4,472,160
10,*'30,603
24.249,530 130,223,936 162.911,719
$725,879
$1,351,214 $8,598,677 $10,555,568
$•0641
$-0603
$-0648
$
43,400
1,188
France
$
34,217
4,781
1.469
•Other countries in Europe
British North America
•Central American States & British
Honduras
'West Indies
United States of Colombia
•Other countr es in So. America
Asia and Oceanica
Africa
'Other countries
—
$
366,179
14,969
$
220,228
21,553
J5:>
79
3.838
800
23,059
40,025
13,303
71,7(6
7,195
249,081
12,166
106,840
309,908
2,861
9,005
5,675
6,712
20,420
1,178
8,358
57.S13
3,205
45,622
692
79
18,493
7,834
757
Mexico
tures of
Afiruresrate value of all cotton poods
9.245
22.538
68,469
90,447
58,149
211,925
1,049
58,763
60,428
62,094
196,470
4,301
40,717
60,503
170,006
198,740
895,885i
1.752,954
1,244,612
J
9,843.289
1,220,709
11,776,277
Shipping News.—The
exports of cotton from the TJnuea
week, as per latest mail returns, have reached
So far as the Southern ports are concerned, these
■States the past
of
spot cotton, have been
Spot.
9,000
8,000
13,000
773,000
558,000
5 4,000
41,000
18,000
780,000
561.000
32,000
13,000
125,000
111.000
43,000
as
follows
10
,000
47,000
62,000!
:
Saturday Monday. Tuesday.
)
Market,
12:30
r.M.£
Wednes.
Thursd'y.
In buyers’
favor.
Steadier.
Dull and
si phfly
easier.
Dull.
Dull.
57m
57i6
5^8
5^
57m
10,000
1,000
7,000
57i«
8,000
500
500
Mid.Upl’ds.
Mid. Orl’iis.
5j2
Sales
7,000
Spec. & exp.
5 .0
Futures.
12:30 p.m.
\
Dull at
1-64 de¬
J
Steady at
l-64@2-64
cline.
advance.
Market,
\
Barely
steady.
steady.
Market,
4 P. M.
{
Barely
5^8
Quiet at
partially
Quiet.
1-94
decline.
Quiet and
steady.
Friday,
Steady.
53q
5%
57ig
57i«
12.000
1,000
8,000
500
Steady
at
1-01 adv.
Firm.
Quiet.
Easy.
Quiet.
/
The opening, highest, lowest and
closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
4 63-64d„ and 5 01 means 5 1-64
Sat., May 12.
Oven High Low. Clot
d.
5 22
May
May-June.. 5 22
June-July.. 5 22
Gallia
(additional). 1,776— Italy, 2,156....Republic, 1,291
Wisconsin, 1,381
11,230
To Hull, per steamer BulFaio, 400.
400
To Havre, per steamer La Gascogne, 1,633
1,656
To Bremen, per steamer Wcrra, 150
150
To Hamburg, per steamers Bohemia, 550
Lessing, 50
Rhae.tia, 268
868
To Antwerp, per steamers
Bclgenland, 226....Pieter de Col250
iek,
476
To Stettin, per steamer Slavonia. 650
650
To Genoa, per steamer Devonia, 350
350
New Orleans—To,Liverpool, per steamers Alicia,
5,5C6
Dal¬
ton, 3,662... ft
9.168
To Havre, per steamer Norfolk 4,534
4,584
To 8t. Petersburg, per bark
Navigatoro, 2,140
2,14u
T»# Genoa, per steamer Nymphaea, 5,363
5,368
Raltimok»—To Liverpool, per steamers Baltimore, 868
Nova
Beotian. 1.378
2,246
To
~
Bremen, per steamer Br*im*ehwcig, 2,004
2,004
meant
Mon., May 14.
Tues., May 15.
Open High Low. Clos.
Open High Low. Clos.
d.
d.
d.
d.
(L
d.
d.
d.
d.
d.
5 22
5 22
5 22
5 23
5 23
5 22
5 22
5 20
5 20
5 20
5 22
5 22
5 22
5 23
5 23
5 22
6 22
5 20
5 20
5 20
5 20
5 22
5 22
522
5 24
5 24
5 23
5 23
521
521
521
5 21
d.
5 20
5 23
5 23
5 23
5 24
5 24
5 23
5 23
5 22
5 22
5 22
5 22
5 22
5 22
5 22
5 22
5 24
5 24
5 23
5 23
5 21
5*1
5 21
621
September.
5 22
5 22
5 22
5 22
5 24
5 24
5 23
5 23
521
5 21
521
5 21
8ept.-Oct...
5 13
5 13
513
5 13
5 14
5 14
5 13
513
5 12
5 12
5 12
5 12
Oct .-Nov...
5 08
5 C8
5 03
5 03
f 03
5 09
5(8
5 08
5 07
5(7
5 07
5 07
Nov.-Deo
5 97
5 07
5 07
5 07
5 08
5 03
5 07
5 07
5 0»
5 05
5 05
505
Wednes., May 16.
j Thurs.,
May 17.
Open High Low. Cl08. iOpen High Low. Clos.
Total baler.
City of
4 63
5 23
Thursday.
..
thus:
July-Aup..
the same exhorts reported bv telegraph and published *r
the Chronicle last Friday. With regard to New York we
include the manifests of all vessels cleared up to
New York—To Liverpool, per steamers Celtic, 1.8G7
Berlin, 1,77G
City of Rome, 935
Etruria, 18
QUhs
£
Aup.-Sept..
-are
3,000
36,000
The tone of the
Liverpool market for spots and futures each
day of the week ending May 11 and the daily closing prices
87,885
value of other manufac-
47,787 bales.
48,000
4,000
sf\
•Germany
Total
7O.08S
$•0682
'Values of
224,877
353,494
1887-8.
1,280,115 |
Argentine Republic
....
189,373
|
1887.
8.465,734
2,803,846
792,078
12,077,190
—
‘China
!
1888.
May 18.
79,000
ion {coioreu <nni uiicuiurt'a)
exported to—
the follow*
that port.
d.
Frl„ May 18.
Open High Low. Clos.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
5 21
May
May-June.. 5 21
5 21
5 21
5 21
5 23
5 23
5 22
5 22
5 23
5 23
5 22
5 21
5 21
5 21
5 23
5 23
5 22
5 22
5 28
5 23
5 22
5 22
June-July.. 521
5 22
July-Aujr
Auji.-Sept.. 5 21
5 22
5 21
5 22
5 23
5 23
5 22
522
5 23
5 23
5 23
5 23
September.
5 21
5 22
8ept.-Oet
..
5 12
5 13
Oct.-Nov...
5 07
5 03
Nov.-Dec...
5C0
5 07
..
d.
622
5 23
5 22
5 23
521
5 24
5 23
5 23
5 24
5 24
5 23
523
5 22
5 21
5 22
5 24
524
5 22
5 22
5 23
5 23
523
5 23
5 21
5 22
5 24
5 24
5 22
5 22
5 23
5 23
5 23
5 23
5 12
5 13
514
5 14
6 13
5 13
5 14
5 14
5 14
5 14
5 07
5
510
510
5 09
5 09
5 09
5 09
5 09
609
0 06
5 07
5 Gb
5(8
5 07
a
07
508
5 08
5 07
5 07
i
i
BREADSTUFF S.
Friday, P. M„ May 18, 1888.
There has been
some
further advance in
prices of flour,
partly from sympathy with the higher prices of wheat here
and at the Wed, tut also favored by an actual
scarcity of
CHRONICLE
THE
658
of the most useful grades.
of patents were made for future
Yesterday large purchases
delivery, and there was more
disposition to accept bide. To-day the market was quiet.
The speculation in wheat for future delivery has continued
active throughout the week, and values reached on Monday
the highest prices that have been quoted in a considerable
period. In the past few days much variableness has been
ehown with some irregularity. The chief speculative strength
came from the West, and bad for its chief basis excessive
rains and floods in one section, drought in another, reduced
stocks and a general revival of speculative confidence. The
Flour,
mme
higher prices brought business
the spot nearly to a stand¬
still. To-day a weaker opening under sales to realize was fol¬
lowed by some recovery in speculative values.
on
DULY CLOSING PRICES OP NO. 2 RED WINTER WHEAT.
Sat.
1*00
98
Mon.
Tuts.
1*01*4
9878
9838
98*3
98*3
9834
December delivery..
98
1*00 % 1*01
965s
96%
96*8
96*8
May, ’89 delivery...
104*fl 1*04%
9878
1*02%
May delivery
Jane delivery
98*8
973*
July delivery
August delivery
September delivery
Wed.
1*00
Thurs.
Fri.
98%
98*8
98*e
98*3
97%
97%
100*3
104
97*3
97%
97%
9678
9678
9778
99%
96%
96%
99*3
l*03i2
1*03*8
has been variable and unsettled. There was a
sharp advance on Monday, with considerable excitement. A de¬
cline that followed was attended by some revival in business
for export, mainly at 60@ 66J^c. for No. 2 mixed, steamer
grade, with strictly prime scarce, though but little wanted.
To-day a weak opening was followed by a recovery on adverse
crop prospects from floods and excessive rains.
Indian
corn
DAILY CLOSING PRICES OF NO.
May delivery
..
June delivery.
..
July delivery
..
August delivery
September delivery..
October delivery
..
Sat.
Mon.
69%
67
66%
66*4
69*3
67
6678
66*3
66%
66*3
...
66*4
..
2 MIXED CORN.
Wed.
Thurs.
67
67%
67%
66
65%
65*4
66
65%
65*3
66
65*4
65*4
66
65%
65*4
65 %
65 7s
65
Tuts.
Fri.
66%
65*3
65%
6f>%
65*3
May delivery
..
June delivery
.
.
Sat.
Mon.
lues.
Wed.
Thurs.
Fri.
39»4
39%
39*2
39*3
39*3
39*4
39%
39*4
39*2
3978
39%
397s
40
40
39%
40*4
40
36
36
New York
82,931
38,738
Boston.
Montreal
14,64 9
14,998
76,«02
6,470
4,371
Philadelphia...
Baltimore
Richmond
Norfolk, Va
...
New Orleans...
Wheat,
Corn,
Oats,
Barley,
bush.
bush.
bush.
bush.
148,500
327,388
5.937
85,436
26,120
33,260
34,054
33,718
56,872
4,261
5,510
162,625
21,991
1,222
11,943
100,000
Total week. 249.702
389,206
Oor. week *87.. 242,070 2,053,164
287,000
83,455
20,500
115,841
58,200
....
*ye,
bush.
1,200
4,300
3,476
748
600
600
600
6,848
4,676
59,035
648
3,335
45,290
657,688
614.269
458,038
744,140
21,270
The exports from the several seaboard ports for the week
ending May 12, 1888, are shown in the annexed statement:
Exports
Wheat.
from—
Bush.
Com.
Flour.
Oats.
Bye.
Feas.
Bush.
Bbls.
Bush.
Bush.
Bush.
New York
56,846
Boston..
16,555
139,931
9,023
36,258
154,596
18,907
-
Portland.
Montreal
Philadel
.
Baltim’ie
N.Orl’ns.
N. News.
Riohm’d.
..
Exports
2,403
34,911
15,892
16,605
21,654
145
90,394
27,906
18,100
2,276
325,492
259,367
2,548
557,749
156,591
31,330
588
Brbadstuffs
op
fob
April.
lowiog is issued by the Bureau of Statistics
42,822
23,560
115,340
1888.—The fol
:
April.
1887-88.
Breadstuffe Expts
Y
-
2,400
40,422
63,847
65,878
57,999
Tot. w*k.
322,254
8’me time
1887.
1,853,370
58.947
►
1887.
Quantities
Value.
Qu'ntities
Ten Months.
Value.
Quantities
Value.
*
Z
Barley, bush.
Saw Ynrk
$
4,006
6,168
$
220
158
42
60
403,417
0,072
205.900
4,861
Philadelphia
Balt.inmrfi
New Orleans
27,613
San F.&Wil’m’te
Other cus. dist’s*
13,463
27,431
14,310
....
2 MIXED OATS.
40*4
3534
..
July delivery
August delivery
The following are
bbls.
At—
Boston
Oats have further advanced, and the speculation was a
times quite active, but regular trade was slow, and the wnole
market closes quiet.
DAILY CLOSING PRICES OF NO
[VOL. XLVl.
3534
....
the closing quotations:
27,513
13,403
Baltimore
New Orleans
8an F.&Wil’m’te
240,652
28,614
38.9c 0
364.882
492,684
1,496
Other
dist’s*
297,060
170,705
10,069
24,520
228,044
279,778
1,245
166,905
Total, corn
Comr'meal bbls.
1,470,338
Total, barley
Corn, bush.
New York
Boston
Philadelphia
cus.
33,599
18,322
469,757
270,979
564,383
7,349,072
1,396,772
381,277
285,002
113,748
267,739
440,254
015,562
3,251
185,827
8,150,553
4,071,417
788,040
300,646
1,902,781
2,078.556
73,630
1,493,430
887,272 3,994,509
1,917,443
20,034,704
10,768,500
10,334
11,138
28.170
28/10
206
544
928
5
103,947
91,811
1,470
1,411
233,950
555,050
929,127
1,325,970
4,806
615,310
3,308,556
4.055,699
98.742
FLOUR.
Fine
South*n com. extras..
Southern bakers* and
p bbl. $2 55®$3 15
Superfine
Spring wheat extras.
Minn,
clear and stra’t
Winter shipp’g extras.
Winter XXand XXX.
-
Patents
Southern supers
2
3
3
3
3
4
3
80®
25®
90®
30®
75®
75®
15®
3
3
4
3
4
5
3
30
65
90
65
85
25
30
$3 40® 3 75
family brands
3 85® 4 85
Bye flour, superflne.. 3 40® 3 60
Spring, per bush...
Spring No. 2
Western, <ko...
3 30® 3 55
Brandywine
Other
3 50® 3 55
Bed winter No. 2...
Bed winter
White...
Com—West’n mixed.
Weston mixed No. 2.
Steamer No. 2
Western yellow....
Southern white....
03
97
99 ®1 01
95 ®l 02
06 ®l 02
64 ® 69
66%® 68
66 ® 67*4
66 ® . 69
67 ® 70
•
277
6
State A Pa., V bush.
Oats—Mixed
White....
No. 2 mixed
No. 2 white
69
®
38V®
43*2®
39 ®
44 ®
74
40*4
45
BarleyCan ada No. 1
Two-rowed State
Six-rowed State
®
®
®
Malt—State, 4-rowed. 97 ®1 00
State, 2-rowed.
90 ® 94
The movement of bread stuffs to market is indicated in the
statement below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at West¬
ern lake and rirer ports, arranged so as to present the com¬
parative movement for the week ending May 12. 1888, and
since August, for eacn of the last three years:
•
877
17
334
2
240
310,880
243,234
4,201
4/10
652
2,323
6,124
2,408
0,081
25,821
62,154
20,715
63,108
24,422
63,950
224,700
625,331
10,249
7,511
13,715
5,829
54,837
205
98
r-
50
24
192
85
0,160
2/63
7,810
4,157
131,225
1,580
5,028
0,906
1,336
75,134
800
296
13!
52
33,509
37.305
9,121
26,943
12,425
22,053
10,221
254,718
107,546
9,845
638
85,957
2,657
12.094
56,164
100
4
494,145
1,749,483
200
7
815,080
29,767
953,810
33,472
75,100
Rnstnn
1,220
2,464
New Orleans.
San F.&Wil’m>te
Other cus. dist’s*
Total, oats
....
•
dist’s*
cus.
42,
46*2
•
Total, corn-meal
Oats, bush.
New York
By«
94 ® 1
96 ®
Philadelphia..,.
Baltimore
New Orleans
GRAIN.
Wheat-
6.040
2 40® 2 60
Flue
Com meal—
88,754
17,336
12/63
New York
Boston—
Oatmeal, lbs.
Saw York
001
l,d30
Phlljiflftlphin.....
153,300
Baltimore
0,182
711
1,992
3,081
549
11
181
100
5
San F.AWU’m’te
Other cus. dist’s*
8,100
255
5,500
25,000
180
562
780,205
19,379
Total, oatmeal..
171,346
7,030
931,637
33,170
4,053,124
123,531
31,468
5,997
1,378
3/70
550
51,520
578
3,709
2,559
Rye, bush.
Saw Ynrk
2,404
1,000
Philadelphia
Np\y Orleans.
Receipts at—
Flour.
Bbls.fmb»
Chicago
Milwaukee...
Toledo
Detroit
Cleveland...
Duluth
1885-8*
*
Include
Oats.
1,021,916
11,200
1,030,770
72,000
9,716
11.102
3,158
82,679
22,072
153,108
10.830
18,077
9,565
35.525
246,096
242,204
147,847
66.087
213.740
107,875
8,500
76,200
225,000
Rye.
100,563
21,972
13,480
8,500
13,094
18,000
82,535
9,845
Boston
Philadelphia.....
700
Baltimore
New Orleans
San FAWil’m’te
Other cus. dist’s*
1,802
2,500
428,050
New York
Boston
941,389
1,506,798
908,098
1,496.559
572,698
1,256,894
1,495,355
1,282,807
1,182/05
95,424,779 69,308,777 60,050,853
8,746,391 75,213.773 70,608.914 54/31,713
6,881,090 51,312,056 77,468,408 48.169,019
37.382
177,209
168,256
21,093
87,938
30,636
22,070,866 1,816,906
20,770,134 1.819,058
19,544,008 2,651,571
4,287
3,109
1,282,041
7,752
1,110,075
6,9<0
t
#
were:
Wheat,
Corn,
Oats,
bhls
bush.
bush.
bush.
Barley,
bush.
Rye,
99,500
90.125
Tot. 4 Wks..1,823,231 4,405.108 7,9.'8.548 5,650,927
4wks 1887.1,281.839 9,818.703 8,424,589 3.112.802
438,557 194,361
293,481 58,112
80,291
52,463
100,527-41,649
115,180
The receipts of flour and grain at the seaboard
ports
Week ended May 12, 1888, follow:
19,958
for the
........
88.370
81,333
1,149.320
34,883
993
846
35,982
23,710
44,350
29,194
8,025.076 2.830,970 22.074,148
120.505
100,785
2,312/48
949,995
8,881,188
1.020.890
776,157
0.890,750
829.954
328,446
295,408
1.515,791
990.546 17.045,045
995,335
197/56
170,008
4,595,923
20,043,537
1.947,585
3,193,197
51,520
31,468
*
-
6,524,061
6,119,825
59,015,688 50.553.957
302,128
223,933
1,273.148
1,151,800
39.504
156,041
1,125,418
20,668
17,015,970
7,597,546
583,231
2,483,498
2,543.692 12,715,755
175,382
37,052
900,310
3.768,078
2.436/05
529,177
955,800
Baltimore
New Orleans
San F.arWil’m’te
Other cus. dist’s*
36,890
Total,wheat-flo’r
957,577
4,372,630
Philadelphia
229,481
4,427
142,342
13.485
561,110
64,362
4,352,547
3.937,915
1,499,933
10,091,310
Totals.
2.899.804
625,588
284,022
1,683,671
New York
Baltimore
F Ar.Wil’m’tP
Other cus. dist’s*
Grand total..
•
6.374,117
1.322.918
15,122,712
3,549,691
2,948,120 2,470,957
1,572,121
584,657
269.495
1,359/18
9,901
398,977
188/61
bush.
109.266
113,584
...
305.829
114,808
62.599
268,290
2,139
107,024
flan
Flour
,
1.480,869
88,333
week extra.
May 12, *88. 442,600 985,1612,091,386 1,492,219
May 5, ’88. 444.479 2,347,579 4,386,708 1,956.026
Apr. 28,*88. 458,349 561,490 7*8,225 1,230,263
Apr. 21/88. 477.803 514,878 762,229 972,419
New York
Total, wheat
Wheat-flour, bbls
ports for last four weeks
ending—
Total, rye
Wheat, bush.
500
The rail and lake shipments from Western Lake and river
Week
8an F.&Wil’m’te
Other cus. dist*s*
134,642
9.852.885
one
Barley.
Bush.60 lbs Bush.56 lbs Bush.32 lbs Bush.48 lbs Bu. 56 lbs
135,639
103,105
Minneapolis.
Tot.wk. >88.
8amewk.’87.
Same wk.’80.
Since Aug. 1.
1887-8
1888-7*
Corn.
127,814
45,579
1,913
6,567
14,571
8,850
42,844
Bt. Louis
Peoria
Wheat.
Value of exports
Brazos, Texas
Chicago, Illinois
Detroit, Michigan
Dulutb, Minnesota
Huron, Michigan
Miami, Ouio
Milwaukee, VVis
...
46.195,729
4,461,322
1,400,597
1,374,323
41,512,409
3.578.008
19.270,872
2;878;524
10,634.340
6,040/41
20.033,426
371,058
931.728
1,566,223
1,573,560
399,028
426,892
7/99,051
7,829,994
12,546,946
108,074,767
from other customs districts fOr the month of April, 1888:—
$4,100.
$3,607 New Haven, Conn
20,174
Portland, Me
Richmond, Va
Yorktown, Virginia
50.500
2?,U50
Total
Notk.—This statement includes about 98 per cent
articles named from ail ports ul tue country.
214,068
$399,023
of the entire exi orts
of the
THE
1888.]
May 19,
CHRONICLE,
659
The visible
supply of grain, comprising the stocks in granary demand for conversion purposes. Bleached sheetings were
principal points of accumulation at lake and seaboard taken in fair quantities by the manufacturing trade and job¬
bers, and Wamsutta fine shirtings were advanced from lo^c
ports, and in transit by water, May 12, 1888:
at the
Wheat,
bush.
1,508,705
Com,
bush.
181,084
390,374
Chicaero
643,995
4,883.886
Milwaukee
1,697,124
Duluth
Toledo
Detroit
9,125,791
9. 0,210
519,971
In store at—
New York
Do afloat
32.600
Albany
Buffalo
<<
afloat
Cincinnati
Montreal
Philadelphia
142,149
Boston
Toronto
Peoria
12,346
Indianapolis
Kansas City
22,130
55.741
Baltimore
May
May
Tot. May
Tot. May
Tot. May
*
12,’88.
5,’88.
14,*87..
15/86*.
16,’85^.
9,337
8,000
33,900
47.660
195,182
29,511
25,218
33,139
176,638
3,281
3,858
157,000
10,036
66,00*6
6,0(56
93,605
1,220
40,666
6,724
47,653
29,492-103,390
37,605
360,625
128,725
111,978
38,196
45,921
53,783
21,152
"
40,600
216,900
101,600
1,520,559
90,500
721,666
125,400
29,271,771 6,924,504 4,108,084
31,317.380 9,436,671 4,08^,012
44.458,102 13,766,160 3,805,630
39.590,730 9,817.861 1.456,767
37,042,169 5,102,639 2,534,162
25,800
242.388
259,284
326,372
317,350
613,888
749,418
267.069
417.893
251,166
298.841
Minneapolis and St. Paul not included.
According to Beerbohm’s London cablegram, the amount of
wheat and corn on passage at the dates mentioned stood as
follows:
Week
Crain
on
Passage.
ending May 16.
Wheat.
To United Kingdom..qre.
To Continent
Week
2,261,000
496,000
ending May 9.
Wheal
Corn.
1887.
Hold
Fall River manufacturers...
22,000
91,000
196,000
84,000
45,000
None
6,000
47,000
235,000
55,000
41,000
63,000
389,000
405,000
1,420,000
speculators (eat)
Total stock (pieces)
1885.
Maw 16.
438,000
358,000
324,000
30u,000
Providence speculators
Outside
1886.
May 14. May 15.
Printed calicoes, ginghams, seersuckers and chambrays were
in light demand, but steady in price, and a fair business was
done in printed sateens, lawns and batistes, which are so well
sold up that prices remain firm.
Domestic Woolen Goods.—The market for men’s-wear
woolens was tame and uninteresting, new business having
been confined within very narrow limits.
Tuere was, how¬
325,000
272,000
157,600
1888.
May 12.
by Providence manufrs.. 35,000
4,360
44,588
2,067
:
Stock of Print Cloths—
573
64,353
3,950
yard.
fold cambrics and silesias
lows
1,352
1,265
25,731
7.486,072
8t. Paul
On Mississippi....
On Lakes
On canal & river.
Tot.
19,000
15,317
442.650
Minneapolis
bush.
235 500
-
.
.**
16,000
22,886
66,0. 5
348,650
Tot.
30,000
373,887
5 1.7,2.60
Barley,
640.596
to 11c per
Cotton flannels, corset jeans, sateens, flatare so closely sold up to production
9,048 that
remain
firm,
and
prices
leading makes of colored cottons,
5,000
15,000 as denims, cheviots, ticks, checks, &c., are steadily held.
127.938 Print cloths were less active in demand, but closed firm on the
121,449 basis of 3 ll-16c. flat for
64x64s, and 8 5-16c. for 56x60s, Stocks
55.271
last Saturday, and for the three previous years, were as fol¬
Eye,
bush.
3,134,147 1,202,427
2,140
5,437
247,825
10,676
109,258
26,215
9,736
13,444
65.000
Oswego
St. Louis
Oats,
bush.
j
Com.
321,000
2,191,000
428,000
27.000
434,000|
60,000
fair movement in some descriptions, on account of back
orders, and stocks of really desirable goods are so well in hand,
owing to the conservative policy lately pursued by the mills,
ever, a
that
prices are fairly steady.
Cloakings
in irregular
were
demand, with most relative activity in the finer grades, and
there was a moderate business in Jersey cloths, while stocki¬
nets were more active in some quarters.
Kentucky jeans,
doeskins and satinets continued in light demand, but steady
in
price, and dealings in flannels and blankets were strictly
moderate, as usual at this stage of the season. For seasonable
makes of all-wool and worsted dress goods i here was a very
limited demand at tirst hands, but very fair orders for fall
fabrics were placed (for later delivery) with the commission
houses.
Foreign Dry Goods —The demani for imported goods was
seriously checked by unfavorable weather conditions, and
business in both importing and jobb’ng circles was light and
Equal in bushels
Same week in 1887.. busli.
19.416,000 2.5*28,000 disappointing, retailers having found no ocoasion to replenish
As usual at this late period, there is more desire
their stocks.
The exports of wheat from India for the week, year and
on the part of holders to close out accumulations of fancy
reason are as below:
spring fdb ics by means of lower prices ; but the most staple
goods are generally steady at current quotaiione. The most
Week end'g Week end'g April 1 to
Exports of Wheat from India.
feature in the auction rooms was a peremptory
impoitant
May 12.
May 5.
May 12.
sale of laces, lace goods and embroideries, which lasted three
To United Kingdom
200,000
440,000
1,200,000 days, during which time a large distribution of these goods
To Continent
400,000
800,000
2,960,000 was made at fair average prices.
Total quarters
2,757,000
348.000
22,056,000 2.7t 4,000
19,688.000 2.760,000
Total
1,240,000
2,625.000'
488,000
21,000,000 3.904,000
600.000
Importations of Dry Goods.
4,160,000
importations of dry goods at this port for the week
ending May 10, 1888, and since Jan. 1, and the same facts for
the corresponding periods of last year are as follows :
The
THE
DRY
GOODS TRADE.
New York,
The demand for
dry goods
Friday P. M., May 18,1888.
unfavorably influenced the
depressing effect
upon the retail trade—a most important factor at this stage of
the season.
Retailers bought sparingly at the hands of job¬
bers, and it is probable that considerably less than an average
business was done in jobbing circles, though the re-order
was
M
demand from
some
of
the
interior markets
was
of fair pro¬
Seasonable goods were for the most part quiet in
hands, the demand having been almost wholly of a handto-mouth character and light in the aggregate amount.
There
wee, however, a fair business in s'lme descriptions of fall and
winter fabrics, for which very fair orders were placed for later
delivery, and in some cases for prompt shipment by cheap
water transportation routes, staple cotton goods in particular
having been shipped in very considerable quantities by
Western jobbers, who demonstrated their confidence in the
inherent strength of the market (baaed upon the exceptionally
small stocks on hand; by anticipating future requirements.
Demesne- woolen goods ruled quiet, and imported fabrics
continued in light and irregular demand by jobbers and
portions.
first
retainers.
Domestic Cotton Goods.—The exports of cotton
from this port for the week ending May 15 were 6,586
goods
pack¬
ages, valued at $396,323.
These shipments include 2,968 to
Cuina, 1,300 to A len, 1,002 to South America, 406 to the West
ladies, 360 to British East Indies, 214 to Central America, 194 to
Mexico, 73 to Europe and 69 to all other countries. Since the
1st of January the exports aggregate 62,006 packages, valued
at $3,758,999.
Of this total China has had 26,100 packages,
valued at $1,328,536, and 11,294 packages, valued at $751,604,
have gone to South America.
For the similar period of 1887
the exports to all ports were 79,818 packages, valued at
$4,624,606; of which 45,126 packages, valued at $2,104,786,
went to China; and 13,676
packages, valued at $985,221, to
South America. To the same time in 1886 the total shipments
reached 84,498 packages, and in 1885 were 63,365 packages.
As a whole, the demand for staple cotton goods at first hands
was only
moderate, but a fairly satisfactory business was dore
in some descriptions, and prices ruled steady.
Brown sheet¬
ings and drills were in fair request by jobbers, and in good
o
P
past week by rainy weather, which has had a
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05
CHRONICLE.
THE
660
FOREIGN.
CANADIAN.
62 Gresham House, E;
[ESTABLISHED 1818.]
InTTgl2,000,00«
Gold
96)000*000 Gold
....
Railway Share Trust Co.
(LIMITED),
No* 4
Hon. Sir DONALD A. SMITH, President.
W. J. BUCHANAN,
General Manager
BANK
Solicit accounts and agenoies of Banks, Railw y*
Corporations, Firms and Individuals upon
favorable terms; also orders for the pur¬
BUILDINGS
chase and sale of Bonds, Shares, Ac., <fco. on
the Stock Exchange.
Intoreat allowed
STREET,
Walter Watson,
Alex’r Lang,
| Agents.;
Buy and sell Sterling and Continental Exchange
and Cable Transfers; grant Commercial and Travel¬
ers’ Credits, available in any part of the World;
Issue drafts on, and make collections in, Chicago
and throughout the Dominion of Canada.
London Office. No. 22 Abchmrch Lane.
Imperial Bank of Canada.
(paid
on Deposits, subject to 60-dayg
sight drafts, at Bank of England rate, and
one per cent below that
rate subjeot to
demaud drafts.
Capital Paid Up, £971,360 Sterling;*
Negotiate Railway, State and City Loans.
This Company undertakes the business of Trustee
te
Loans
of
Itisttraticje.
approved Railways, negotiates and
lssuee Loans on the London Market, acts as Agent for
THE
Railways and other Corporations, either In the mat¬
ter of payments of Interest on
or
Loans, Dividends
Registration of Stocks in London,
CAPITAL
up)91,500,000
SURPLUS
550,000
H. S. IIOWLAND, Pres’t.
T. R. MERRITT, V.-P.
I), li. WILKIE, Cashier.
HEAD OFFICE, TORONTO.
or
on
otherwise.
EQUITABLE LIFE
ASSURANCE SOCIETY.
-
.
-
Branches in Ontario—Essex Centre, Fergus,
Ingersoll, Niagara Falls, Port Colborne, St.
Catharines, St. Thomas, Toronto (Yonge St. Br.).
Galt,
Welland, Woodstock.
Branches
in
Northwest—Winnipeg, Brandon,
Calgary.
Agents in London:
Lloyd’s Barnett’s & Bos-
Agents in New York :
Bank of Montreal.
anquet’s Bank, limited
Collections promptly made in any part of Canada.
Drawers of Sterling Exchange.
The Merchants’ Bank
OF
C4NADA.
Capital, Pal<l Op.
Reserve,
head
O*
■
•
•
$5,799,200
1,700,000
ICE, MONTREAL.
ANDREW ALLAN, Esq., Resident.
ROBERT ANDERSON. Esq..
Vice-President,
GEORGE TTAGUE. General Manager.
JOHN
GAULT, Branch
BANKER8
Superintendent.
:
LONDON, ENG.—The Clydesdale Bank (Limited.)
NEW
YOKK-The Bank of New York. N. B. A.
A general Banking business transacted. Letters
of Credit issued, available in China, Japan and
other foreign countries.
New York
Agency, No. 61 Wall Street,
TT FNRV }T A
GUF,
JOHN B. HARRIS, JR..
AGENCY
OF
Cable Address—Pavr, London.
-
-
)
J
JAN. 1, 1SS8.
REGISTRATION OF
American
Agents in the United States,
POOR & GREENOUGH. 36 Wall St., N.Y.
Blake, Boissevain & Co.,
LONDON,
Agent».
Commission Business.
Special attention given to the
orders for Securities
OF
WALL
STREET.
also
Issue demand drafts
BLAKE
on
Canada,
Scotland and Irelan
British Columbia and San Frai
28
corres¬
State
«fc
CO.,
Street, New York,
Street,
Boston, Mass,
ADOLPH
BOISSEVAIN & CO.
.
QTlfQ
The Bank of
Australasia.
(Incorporated by Royal Charter, 1835.)
4 Threadneedle Street, London,
Paid-up Capital
- £1,000,000
Reserve Fund, ------800,000
Reserve Liability of Proprietors
under the Charter
1,600,000
Letters of Credit and Drafts issued on any of the
numerous branches of the Bank throughont Aus¬
tralia and New Zealand.
Bills negotiated or sent for collection.
Telegraphic transfers made.
Deposits received in London at interest for fixed
periods, on terms which mav be ascertained on ap-„
plication.
PRIDEAUX SELBY. Secretary.
"
FOREIGN.
THE
\nglo-Californian Bank
(LIMITED)
I.ONBON, Head Office, 3 Angel Oonrt.
SAN FRANCISCO Office, 200 Sansome St.
NEW YORK Correspondents,
J. & W. Sellgman & Co.
BOSTON
Correspond’ts, Massachusetts N. Bit.
Authorized
Capital,
Paid-up Capital, -
Reserve
Transact
Fund,
$6,000,000
1,500,000
-----500,000
- - - - -
general banking business. Issue Com¬
mercial Credits and Bills of Exchange,available in all
parts of the world. Collections and orders for Bonds,
stocks, etc., executed upon the most favorable terms.
FRED’K F. LOW,
>
IGNATZ STE1NHART. S Mana^ersP. N. LILENTHAL, Cash
a
Hong Kong & Shanghai
BANKING
CORPORATION.
Paid-up Capital
Reserve Fund
Reserve Liability of Proprietors
$7,500,000
3,900,000
7,500,000
The Corporation grant Drafts, issue Letters of
Credit for use of Travellers, and negotiate or collect
Bills payable
at Bombay, Calcutta, Singapore,
Saigon. Manila, Hong Kong, Foochow, Amoy,
Ningpo, Shanghai, Hankow, Yokohama, Hiogo, San
Francisco and London.
A. M.
$84,378,904 85
66,274,650 00
Surplus
$18,104,254 85
i
New Assurance
$138,023,105 00
Outstanding Assurance
$483,029,562 00
Paid Policy-Holders in 1887.. $10,062,509 81
Paid Policy-Holders since or¬
ganization
$106,610,293 34
Total Income
$23,240,849 29
Premium Income
$19,115,775 47
Increase in Assets
$8,868,432 09
Assets to liabilities
127
per cent
THE
Provident Life & Trust Co
OF
PHILADELPHIA.
Incorporated Third Mo., 22d, 1865.
(CHARTER PERPETUAL.)
CAPITAL
$1,000,000
ASSETS, *20,115,023 49.
INSURES LIVES, GRANTS ANNUITIES, RE¬
CEIVES MONEY ON DEPOSIT, returnable on de¬
mand, or on which interest is allowed, and is empow¬
ered bylaw to act as EXECUTOR. ADMINISTRA¬
TOR, TRUSTEE, GUARDIAN, ASSIGNEE.COMMITTEE, RECEIVER, AGENT, etc., for the faithlul performance of which its capital and surplus
fund furnish ample security.
All trust funds and investments are kept separate
and apart from the assets of the company.
The income of parties residing abroad carefully
oollected and duly remitted.
SAM’L R. SHIPLEY, President.
T. WI8TAR BROWN, Vice-President.
A8A 8. WING. Vice-President and Actuary
The Mutual Benefit
LIFE INSURANCE CO.,
AMZI DODD,
NEWARK, N. J.
------
Assets (Market Values), Jan. 1,1888...
Liabilities (4 per cent Reserve)
Surplus
Surplus (Former N.Y. Standard)
President.
.$42,111,233 33
39,283,434 33
2.827,749 00
5.623,762 76
ABSOLUTELY NON-FOKFEITABLE
SECOND YEAH.
AFTEK
IN CASE OF LAPSE the Policy is CONTINUED IN FORCE
as long as its value will pay forj or, if preferred, a
Paid-up policy for its full value iB issued in exchangeAfter the second year Policies are incontestable,
except as against intentional fraud; and all restric.
Amsterdam, Holland.
\ Agents.
Assets
Liabilities, 4 per cent..,
POLICIES
AND
acted.
D. A. McTAVISH.)
H. STIKEMAN,
Exchanges, in
BROTHERS
5 Nassau
on
CIRCULAR NOTES issued in Pounds Ste
ing, available in all parts of the world. COD1
MERCJAL CREDITS ISSUED for use i
Europe, C hina, Japan, East and West Indies an
the Brazils, River Plate, Ac.
Bills collected and other banking business tran
execution of
the New York, Lon¬
pondence with
Buy and sell Sterling Exchange and Cable Tran
fers.
on
don and Amsterdam
British North America.
52
ENGLAND.
Negotiate Railway, State and City loans.
Execute orders for Bonds, Shares, etc., on Com
mission, and transact a general Banking and
Bank
No.
Railway Shares.
THE ENGLISH ASSOCIATION OF AMERICAN
BOND AND SHAREHOLDERS (LIMITED) will
obtain registration of American Railway shares
(now passing about on blank transfers) in the name
of the Association, securing to the true owner full
voting power, prompt payment of dividends in Lon¬
don and collection of rights.
For shares registered in its name the Association
will issue, free of charge, certificates countersigned
by the London and Westminster Bank (Limited),
against the shares lodged with the Bank. The cer¬
tificates have dividend coupons attached, payable in
London. The charge for registering shares in the
name of the Association is 3d. per share. If insured,
fid. per share, out and home (including registration),
the market value not exceeding £12 per share, 9d.
per share up to £25 per share.
The Association will also obtain registration in
owners’ names, and collect the dividends by power
of attorney.
Full particulars may be obtained at
the offices of the Association
SAMUEL POPE, Q. C., Chairman.
JOSEPH PRICE, Managing Director.
F. P. BAXTER, Secretary.
5 Great Winchester Street, London, E. C.
The Association acts as Transfer Agents in Lon¬
don for American Railway Companies, in conjunc¬
tion with the London agents of the Mercantile
Trust Company of New York as Registrars.
.
THE
C.,
LONDON.
LONDON, ENGLAND.
NEW YORK OFFICE:
Noa. 59 Sc 61 WALL
Heinemann & Co.,
THE
Bank of Montreal.
SURPLUS
Ifmxigti.
fforciflu IBauhs and ^Bankers.
©atratfiatt and
CAPITAL Paid
[You XLVI.
TOWNSEND, Agent, 50.Wall SL
tions as to residence, travel or occupation are removed.
Cash loans are made to the extent of 50 per cent
of the reserve value, where valid assignments of the
policies can be mads as collateral secur.i_y.
Losses paid immediately upon completion and ap¬
proval of proofs.
THE
FIDELITY &
CASUALTY
CO.
OF NEW YORK,
N’os. 214 & 216 Broadway.
CAPITAL, $250,000.
ASSETS, about $650,000
Issues SURETY BONDS, guaranteeing the fidelity
of persons In positions of trust, such as employes of
Railroads, Banks, etc.; also Administrators, GuardiftQ8« etc.
Issues ACCIDENT
POLICIES, containing all
modern features.
Also PLATE GLASS and BOILER POLICIES of
approved forms.
Agents will appreciate the advantage of dealing
with a company which does more than one line of
business.
OFFICERS:
WM.M.RicnxRD8,Pre8t. GEO.F.SEWARD.V.-Prest.
John M. Crane, Sec.
RobtJ. Hillas, Ass. Sec.
DIRECTORS:
Geo. 8. Coe.
A. B. HulL
A. S. Barnes,
J.S.T.Stranahan, H. A. Hurlbut, J.G.McCuilough,
A. E. Orr,
J. D.Vermilye, T. S. Moore,
G. G. Williams, Johh L. Biker, J. Rogers Maxwell,
Wm. M. Richards,
■'
Geo. F. Seward.
@FedFRASER