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HUNT’ S MERCHANTS’
W f f h l ÿ
MAGAZINE?
§ U w .s p a t > iï,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED
VOL 44,
NEW YORK, MAY 28, 1887.
NO. 1,144;
Hfinaucial.
I fit u t tu c ia l.
f i n a n c i a l .
A M E R IC A N
Bank N ote Company;
DIAMONDS.
D a n i e l Ma n n i n g .
President.
C. N. J o r d a n ,
Vice-Pres’t.
B s i l a e u F ou n d e d I T 95.
t a u r ^ n M u d er Lews of Stole of Row York. W M .
Alfred H. Smith & C o., Western National Bank
IM P O R T E R S ,
R
eorganized 1879.
E ngravers a n d P rin ters o r
BONDS, POSTAGE & REVENUE 8T A M P 8(
LEGAL TENDER AND NATIONAL BANK
NOTE8 o f the UNITED STATES; and for
Foreign G overnm ents.
ENGRAVING AND PRINTING,
B A N K N O T ES, S H A R E C E R T IF IC A T E S , B O N D S
Fo b g o v e r n m e n t s a n d c o r p o r a t io n s ,
D R A F T S , C H E C K S, B I L L S O F E X C H A N G E ,
S T A M P S , d o .) In th e finest a n d m o st artistic s ty le
FROM STEE L PL A T E S,
«nth SPECIAL SAFEGUARDS to PREVENT COUNTERFEITING.
Special papers manufactured exclusively for
use o f the Company#
SAFETY COLOR8.
SAFETY PA P E R 8.
182 Broadway, Cor. J o in Street.
TOURO ROBERTSON, J
THEO. H. FREELAND, Sec’y and Treat.
Maverick National Bank
BOSTON,
C A P IT A L ,
SU R P L U S,
.
.
.
.
.
.
M ASS.
.
.
$ 4 0 0 ,0 0 0
$ 6 0 0 ,0 0 0
Accounts o f Banks, Bankers and Corporations
solicited.
Our facilities for COLLECTIONS are excellent
and we re-discount for banks when balances war
rant it.
Boston is a reserve city, and balances with us from
banks (not located in other reserve cities) count as a
reserve.
W e draw our own exchange on London and the
Continent, and make Cable transfers and place
money by telegraph throughout the United States
and Canada.
Government Bonds bought and sold, and exchanges
In Washington made for banks without extra charge.
W e have a market for prime first-class Investment
Securities, and invite proposals from States, Coun
ties and Cities, when issuing bonds.
W e do a general banking business, and Invite cor
respondence.
ASA P . P O T T E R , President.
JOS. W . W O R K , Cashier.
W . P. Wight & Co,
12 B roadw ay,
STOCK B R O K E R S.
>w i . . T T s
A
S f t ä d ’ f o Ä f S ? - Î w w i i1 u i teoU8 Securities boi
 i “
h
or on m* r* in J. B. Cr e ig h t o n
Memb. N .Y . Stock Exch.
A . B. Cl a f l i n , S]
STOCK B R O K E R .
Lansdale Boardman,
Y O R K , 8 0 B R O A D W A Y <k 5 NEVI
T R O Y , N .Y ., No. 17 F IR S T STREET
nett
Stock Exch. membership; private wire: all facili
OF
SOLID SILVER.
G O R H A M M ’t’g C o.,
Broadway and Nineteenth Street,
AND 9 MAIDEN LANE.
THE
C IT Y O F N E W
C A P IT A L ,
W o r k E xecu ted In F ir e p r o o f Bu ilding*.
LITHOGRAPHIC AND TYPE PRINTING.
R A I L W A Y T I C K E T S O F IM P R O V E D S T Y L E S .
S h ow Cards, L a b e ls, Calendars.
BLANK BOOKS OF EVERY DESCRIPTION
JAMES MACDONOUGH, President
A. D. SHEPARD,
)
W. M. SMILLIE,
> Vice-Presidents.
F. B l a n k e n h o r n .
Cashier.
H . A . Sm i t h ,
Assistant Cashier
THE
7 8 TO 86 TRINITY PLACE,
NEW YORK.
STATES
-
-
YORK.
-
93,000,000
N e w Y o r k , May I t , 1887.
This Bank Is now opened for business. Accounts
respectfully sollolted. The usual banking facilities
extended to customers.
Orders for purchase or sale o f securities will
receive careful attention.
Sterling Exchange bought and sold. Facilities for
keeping accounts in Sterling Exchange, subject to
draft In kind, will be afforded. The methods o f re
ceiving such deposits and making payment against
them will be subject to arrangement.
F . B L A N K E N H O R N , Cashier.
Floyd-Jones & Robison,
B A N K E R S AND B R O K E R S ,
No. 2 E xch an ge C ourt, N ew Y o r k .
Stocks, Bonds and U. S. Government Securities
¡.Bought and Sold on Commission.
W m . 0 . F l o y d -J ones ,
W i l l i a m R o b is o n
Members New York Stock Exchange.
J. A . Kohn & C o.,
B AN K E R S AND B R O K E R S,
(M i l l s B u i l d i n g ), 19 B R O A D S T . , N. Y .
Members o f the New York Stock Exchange.
Execute orders on commission for B o n d s , S t o c k s
and F o r e i g n E x c h a n g e .
D e a l e r s In f i r s t-c la s s I n v e s tm e n t S e c u r it ie s ,
Particular attention given to Investments for Cap
italists, Trust Funds and Institutions.
Taintor & Holt,
BANKERS,
No, 11 W a ll St., Cor. N ew , N ew Y o r k .
TR A N SA C T a G E N E R A L B AN K IN G business.
DEPOSITS received and IN T ER EST allowed on
balances.
Buy and sell G O V ER NM ENT, M U N IC IP AL and
R A IL R O A D Securities.
Private telegraph wires to Providence and Boston.
G ILES E. T A IN T O R .
GEO. H . H O L T
G. D . L ’H U IL IB R .
F. E. Trowbridge,
B A N K E R A N D B RO KER ,
William T . Meredith,
48
WALL
STR EET,
(Bank o f New York Building).
Bonds and Stocks bought and sold at the New
York Stock Exchange.
BONDS A N D INV ESTM E NT SECURITIES FOB
SA LE
W . H . D ic k in s o n ,
E d w a r d P. a l l i n g .
Member N. Y. Stock Exchange.
Dickinson & Ailing,
BANKERS
AND
BROKERS,
No. 30 P in e Street, N ew Y o rk .
Buy and sell at N. Y . Stock Exchange, for IN
VE STM EN T or on M AR G IN , all classes of. Stocks
and Bonds, and allow interest on deposits, subject to
check at sight._________ ____ __________________________
No*. 3 & 5 B roa d or 2 9 W a ll Street*.
(B r a n c h Ov fic b , 290 B r o a d w a y .)
Member of the New York Stock Exchange. D i
rector o f Merchants’ Exchange National Bank
American Savings Bank, American Safe Deposit
Company, Ac., Ac.
Securities bought and sold on commission, for
cash or on margin. All Inquiries gratuitously res*
ponded to. Correspondence solicited.
Henry S. Ives & C o.,
BANKERS,
No. 25
NASSAU S T ., N E W Y O R K .
P. 0 . B O X 1,422.
Green & Bateman,
BANKERS,
10 W a ll Street, N ew Y o r k .
Stocks, Bonds and Cotton.
Transact a General Banking Business
Interest allow ed on Deposits.
Transact a general banking business, lneludlng the
purchase and sale o f securities listed at the New
York Stock Exchange, or in the open market.
Receive deposits subject to check at sight and
allow Interest on dally balances.
Government, State, County, City and Railroad
bonds constantly on hand for sale or exchange, and
particular attention given to the subject o f invest
ments for Institutions and trust funds.
THE CHRONICLE.
11
[V o l . X L iy .
gjmfcjers atuft grawjetrs of JZoveij$u fioritauge.
Drexel, Morgan & C o., August Belmont & C o.,
WALL STREET, CORNER OF BROAD.
N EW WORK.
BANKERS,
Nos. 34 and 36 W A L L S T R E E T .
ISSUE T R A V E L E R S ’ CREDITS, available In all
parts o f the W orld, through
Drexel,Harjes & Co Messrs. N. M. Rothschild Ac Sons. London. 3 1 0
“
do Rothschild Bros., Paris.
Drexel & Co.,
Corsoi 5th A Chestnut Sts. 81 Boulevard Haussmann,
P A R IS .
P H IL A D E L P H IA
DOMESTIC AND FOREIGN RANKERS.
Deposits received subject to D raft. Securities
ought and sold on commission. Interest allowed on
Deposits. Foreign Exchange. Commercial Credits.
Cable Transfers.
Circular Letters for Travelers,
available in all parts of the world.
“
M. A . de Rothschild Ac Sons. Frank
fort o\m.
S. M. de Rothschild, Esq., Vienna.
AND THEIR CORRESPONDENTS.
Draw Bills of Exchange on, and make Cable Trans
fers to, England, France and Germany.
Kidder, Peabody & C o.,
FOREIGN BANKERS,
A t t o r n e y s a n d a g e n t s of
M essrs. J . 8 . M O RG AN A CO.«
c
Vo. 22 OLD BROAD STREET, LONDON.
1 Nassau Street, New York,
113 Devonshire Street, Boston.
Erown Brothers & C o.,
New York,
Philadelphia,
Boston,
AND
ATTORNEYS AND AGENTS OF
Messrs. BARING BROS. & CO., London
A L E X A N D E R R R O W N A SONS,
c
B ALTIM O R E.
Members o f New York, Philadelphia and Baltimore
Stock Exchanges.
Execute orders for all Investment securities. Buy
and sell Bills o f Exchange on Great Britain and
Ireland, France, Germany, Belgium, Holland,
Switzerland, Norway, Denmark, Sweden,
Australia, St. Thomas, St. Croix and
British W est Indies.
Issu e Com m ercial A Travelers’ Credits
c
IN STERLING,
Available In any part of the world, In F r a n c s for
nse In Martinique and Guadaloupe, and In dollars for
use In this oountry, Canada, Mexico and W est Indies.
Make telegraphic transfers of money between this
country, Europe and British and Danish W est In
dies, Make collections of drafts drawn abroad on all
points In the United States and Canada, and of
drafts drawn in the United States on foreign coun
tries.
Their London house, Messrs, B RO W N . SH IP L E Y
A CO., receive accounts o f American banks, firms
anA.Individuals upon favorable terms._______________
J. & J. Stuart & C o.,
83 NASSAU S T R E E T .
BILLS OF EXCHANGE ON
M ITH,
PAYNE
Sc S M I T H ’ S,
C O M M E R C IA L
A COUNTY R A N K ,
c
“ LIM ITE D ,”
M AN C H E STER , P A Y A B L E IN LONDON |
ULSTER
B A N K IN G
COM PANY,
B E LF A S T, IR E L A N D :
AND ON THB
N A T IO N A L
BANK
OF SCOTLAND,
ED IN BU RG H
A N D B R A N C H E S:
ALSO,
C A B L E TR ANSFER S A N D LE TTER S OF CREDIT.
C a n a d ia n R a n k
Schulz & Ruckgaber,
BAN K ER S,
20 W IL L IA M S T R E E T , N E W Y O R K
c o r r e spo n d e n t s or t r e
In tern ation a l B a n k o f L on don
(L im ited ), L o n d on .
M essrs. J o h n Berenberg, Gossler A Co,
c
H a m b u rg .
M essrs. M arcn ard , E rauss A C o., Paris
c
N o. 2 3
On SELIGM AN BROTHERS, London.
SELIGM AN FRERES & CIE, Paris.
SELIG M AN & STETTH EIM E R, Frankfurt.
ALSB ER G , GOLDBERG A CO., Amsterdam.
A L T M A N A ST E T TH E IM E R , Berlin,
Payable In any part of Europe, Asia, Africa, Aus
tralia and America.
Draw Bills o f Exchange and make Telegraphic
Transfers of Money on Europe and California.
J. K e n n e d y t o d .
H . 0 . N o r t h c o te .
Transacts a general banking business.
Receives accounts ox banks, hankers and corporaIons upon favorable terms.
Issues certificates o f deposit bearing Interest.
Makes loans upon approved merchandise.
Solicits mercantile and personal accounts.
B i lls o f E x c h a n g e D r a w n o n th e City
B a n k , L im it e d , L o n d o n .
Circular Letters of Credit issued for
travelers’ use and Commercial Credits
opened in Europe, A s ia , South America
and the W est Indies.
ALEXANDER BARING.
Member N . Y . Stock Exch’ge
J, Kennedy T od & C o.,
NO. 63 WILLIAM STREET,
BANKERS.
Offer In vestm en t Securities.
Buy and sell bonds, stocks and securities in all A m
erican, Canadian, British and Dutch markets on com
mission. Collect dividends, ooupons and foreign and
Inland Drafts.
Sell Bills o f Exchange on
MELVILLE. EVANS A CO.,! , nNnn.
C. J. HAMBRO Ac SON,
$LONDON.
MARCUARD, KRAUSS Ac CO., l PARTH
HOTTINGUER Ac CO.,
JA
John Paton & C o.,
SUCCESSORS TO
J E S U P , P A T O N & C O .,
W illia m Street, N ew Y o r k .
A eoom ts and Agency o f Banks, Corporations,
firms and individuals received upon favorable terms.
Divldt nds and Interest collected and remitted.
A c t as agents for corporations in paying coupons
and dividends; also as transfer agents.
Bonds, stocks and securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
sold.
DRAW ON
T H B UNION B A N K CF LONDON,
B RITISH
LIN E N
CO. B A N K , LONDON
SCOTLAND.
AN D
G e o . Co p p e l l .
T h o s . Ma i t l a n d .
G e r a l d L. H o y t , Member.N. Y . Stock Exch.
Maitland, Phelps & C o.,
B
A
N
K
E
R
S
AND
COMMISSION
22
MERCHANTS,
Sc 2 4 E x ch an ge P lace,
Ne w Y ork.
BILLS OF E X C H A N G E , LE TTER S OF CREDIT,
TE LE G R A PH IC TR ANSFER S OF M O NEY ON
LONDON, PA R IS, M EXICO, C U B A, Ac.. Ac.
KOENTZE BROTH ERS,
BANKERS,
120
B r o a d w a y , E qu itab le B uilding, New York
L E T T E R S OF C R E D IT AND
C IR C U L A R NOTES
Issued for the nse o f travelera In all parts of the
world. Bills drawn on the Union Bank of London.
Telegraphic transfers made to London and to various
ilaces In the United States. Deposits received subect to eheck at sight, and interest allowed on bal>
anoes. Government and other bonds and Investment
securities bought and sold os commission.
J
Heidelbach,
Ickelheimer & Co.,
29 W IL L IA M
Cor. Exchange Place,
F O R E IG N
STREET,
NEW YORK.
R A N K E R » ,
B U Y A N D D R A W BILLS OF EXCHANGE,
M A K E C A B LE TR ANSFER S, ISSUE T R A V E L .
ERS’ CREDITS.
ISSUE COM M ERCIAL CREDITS. A V A IL A B L E
IN A L L P A R TS OF T H E W O R L D , ON
Messrs. C. J. Hambro & Son. London.
A ct as Agents for Banks, Bankers and Railroad
Companies.
Issue commercial credits, also foreign and domestic
travelers’ letters o f credit in pounds sterling A dollars.
52
AG ENTS,
BUY A N D SELL STERLING E X C H A N G E , CABLE
TRANSFERS, ETC.
ISSUES COM M ERCIAL CREDITS, A V A IL A B L E
IN A L L P A R TS OF T H E W O R L D .
BANKERS,
BROAD STREET,
New Y o rk .
Issue Letters of Credit for Travelers
Produce Exchange Bank.
CAPITA L, $ 1 ,0 0 0 ,0 0 0 .
SURPLUS, $1,600,000.
16 E X C H A N G E P L A C E , N E W Y O R K
Commercial and Travelers’ Credits.
Bills o f Exchange.
Cable Transfers.
T H E N E W YO R K
o f C om m erce.
CAPITAL, f «,000,000.
J. & W . Seligman & Co.
Abroad against Cash or Satlsfactory
Guaranty o f Re-payment.
P aris H ou se—M U N R O E A CO.
c
STR EET.
J. H. GOADBT & A LE X. LAIRD,
N o. 82 Nassau Street, N ew Y o r k .
N o. 4 P ost Office Square, B osto n .
lane Clrcular Lettera o f Credit for Travelera’ Use
Cb s d i t s Op x n k d a n d p a y m b n t s m a d b b y c a b l i .
CHESTNUT
C a p it a l, 8 2 , 0 0 0 , 0 0 6 . F a l l p a id .
CONDUCTS A G E N E R A L B A N K IN G BUSINESS
Allows interest on cash deposits, subject to check
or on Certificates.
Bnys and sells Bills o f Exchange, drawing on
Baring Bros. A Co., London; Perler Freres et Cle.
Paris; Mendelssohn A Co., Berlin, and on Pan)
Mendelssohn-Bartholdy, Hamburg.
Negotiates Securities, Railroad, State, Municipa
etc.
Offers for sale first-class Investment Securities.
Particulars and terms on application.
W IL L IA M BKOCKIE, President.
W H A R T O N B A R K E R , Vice-President.
H E N R Y M. H O Y T , JR., Treasurer.
E T H E L B E R T W A T T S , Secretary.
Board o f Directors—William Brockie, George S.
Pepper, Morton McMtchael, Wharton Barker, Henry
0 . Gibson, T . Wistar Brown, Isaac H . Clothier.
Advisory Committee o f Stockholders.—William
Potter, George M. Troutman, Gustavus English,
William Pepper, M. D., Thomas Dolan, John G.
Reading, Joseph B. Gillingham, John Wanamaker,
Henry E. Smith, Craige Lippincott, Hamilton
Digston, Clayton French, Francis Rawle, William
W ood, W alter Garrett.
C a b l e T r a n s f e r s a n d B il l s o f E x c h a n g e on
G r e a t B r i t a i n a n d t h e Co n t in e n t .
J o h n M u n r o e & C o.,
E xeb an ge on L o n d o n , P a ris, B erlin
and Z u ric b .
C R E D IT S .
Circular Credits for Travelers.
B AN KE RS, LONDON,
M ANCHESTER
THE
I N V E S T M E N T CO.
o f Philadelphia.
g a t ib je v s
a n d
g r a b b e r s .
J. C. Walcott & C o.?
B A N K E R S A N D BROKERS,
No. 2 4 P in e Street, New Y o r k .
Transact a General Banking Business,
Stocks and Bonds bought and sold on Commission.
Orders received la Mining Stocks, and in Unlisted
Securities. Collections made and loans negotiated.
Dividends and Interest collected.
Deposits received subject to Draft.
Interest allowed. Investment securities a specialty.
W e Issue a Financial Report weekly.
Jos. C. W a l c o t t ,
1 Members o f the New York
F r a n k F. D i c k in s o n , I
Stock Exchange.
Albert Pearce,
16 Sc 18 B R O A D S T .,
BROKER IN
ALL
K INDS
OF
INVESTMENT
BONDS, M ISCELLANEOUS SECU R ITIES
A N D D E F A U L T E D BONDS.
CORRESPONDENCE SOLICITED
L . C. l a t h r o p . Os c a r b . Sm i t h , j . H .O ltphan t .
Lathrop, Smith & Oliphant,
B A N K E R S A N D BROKERS,
3 7 B R O A D S T ., N E W Y O R K ,
6 P A C I F I C A V E ., C H I C A G O
Members New York Stock Exchange, New ¥
Cotton Exchange, and Board of Trade Chicago
Alexander Campbell &
BANKERS AND BROKER?
2 6 F IN D S T R E E T , N E W
M a l c o l m Ca m p b e l l , Member of N.
*
tìtoc
Howard Lapsley & Co.,
BANKERS AND BROKERS,
74 B R O A D W A Y and 9 N E W STR EET*
N ew York«
THE CHK0N1CLE
Mat 28, 188?.
%KxCk*x& ami ^ voiitvs in gtetty
H. L. Horton & C o.,
34 and 56 BROADW AY, New York.
F. c. H o l l in s .
b.h
. Em e r s o n ,
I .H .W a g g o n i b
BANKERS
AND
BROKERS,
Special Attention Given to American
Members N. Y . Stock Exchange.
S e c u r it ie s .
11 W A L L STREET, NEW YO RK,
JAMES T . CLOSSON.
JOHN B. DUMONT
H u m a n Cl a r k , Special Partner.
Closson & Dumont,
BANKERS AND BROKERS,
N o. 4 0 W a ll Street, N ew Y o r k .
18 W A L L and 3 NASSAU S T R E E T S ,
NEW YO R K .
Transact a General Banking Business.
Edmund & Chas. Randolph,
[ESTABLISHED 1862],
BAN KERS A N D BROKERS,
&
53
7 NASSAU S T R E E T ,
Young & Nelson,
36 W all Street. New York.
P a u l Sc h w a r z .
All stocks and securities dealt In at the New York
Stock Exchange bought and sold on commission, for
cash or on margin. Deposits received and interest
allowed on balances.
Roberts & Schwarz,
Hamilton & Bishop,
(M ILLS B U IL D IN G ,)
B A N K E R S A N D BROKERS,
No. 0 6 B R O A D W A Y , N E W Y O R K .
S E C U R IT IE S .
W e make a specialty of the buying, selling and
placing of first mortgage bonds o f railroads, water
works, gas works and other first-class corporations.
(Members New York Stock Exchange.)
Acoounts of Banks, Bankers and others received.
Interest allowed on balances. A strictly Commission
Business In the purchase and sale of stocks and bonds.
Private Telegraph W ire to Albany,Troy, Syracuse,
Rochester, Utica, Buffalo, Cleveland and Chicago.
Draw on City Bank o f London In amounts to suit.
Special attention given to Securities for Investment
W e solicit correspondence.
W m . v . Ca r o l t n ,
Ch a r l e s f . Co x .
Member N .Y . Stock Exchange.
Fred. H. Smith,
BANKER &BROKER,
Carotin & Cox,
“ Twenty years’ experience In Railroad Bonds. Par
ties desiring to buy or sell Uncurrent Bonds will
please communicate.
Stocks bought In Fractional Lots or otherwise,
either for Cash or on Margin.
F. H . Sm it h , 1 Members Consolidated Btoek and
8. W . Sm it h , j Petroleum Exchange, New York.
Receive deposits subject to check at sight and
allow Interest on balances.
Deal In Rail Road Bonds, State, County and Muni
cipal Securities.
Give special attention to consignments o f Bullion
and make liberal advances on same when desired.
MEMBERS OF NEW YORE STOCK EXCHANGE.
Allow Interest on deposits subject to sight check.
Buy and sell on commission stocks and bonds either
for cash or on margin, and deal in
W ALL
STREET, N E W
YORK.
Established 1865.
W a l s t o n H . Br o w n .
Fr e d . A , Br o w n .
H e r b e r t P. B r o w n .
Investment Securities.
A . M. K id d e r ,
H . J. M o r s e ,
W a y l a n d Tr a s k ,
Ch a s . D. M a r v i n ,
Walston H. Brown & Bros J B o o d t i ,
BANKERS.
w V lw L c iic m
Accounts of Corporations and Individuals received
upon Liberal Terms. Securities Bought and Sold on
Commission.
& C o«,
No. 3 0 NASSAU 8 T R E E T ,
B A N K E R S,
NEW YORK.
57 Broadway, opp. Exchange Place, N. Y.
Branch Office, 341 La Salle St., Chicago.
.
BANKERS,
No. 63 C E D A R S T R E E T .
In addition to a General Banking Business, Buy
and Sell Government Bonds and Inyestment Securi
ties.
TR A N SAC T A G EN ER AL B A N K IN G BUSINESS,
INCLUDING T H E PU RCH ASE A N D SA L E OF
STOCKS A N D BONDS FOR C ASH OR ON M A R
G IN. B U Y A N D SELL INVESTM ENT SECURI
TIES. INTEREST A L L O W E D ON DEPOSITS
SUBJECT TO CHECK A T SIG H T.
P . 0 . Box 447.
D. A. BOODY.
C. W . M cLELLAN.
Re u b e n L e l a n d .
W m . f . L e s s l ie .
H e n r y T. Boo dy.
D' W
i ??I S S - £ i i ; )
B0“T ,”0D
9 I > ):§ a lU t k < £ &
H. Dewing & Son,
BROKERS,
No. 18 W a ll Street, New Y e r k .
W and Sold on Commission
ingtaVl^ e n t S r i t S J . en 40 la fo m *tion regard-
C°-
6
IN V E S T M E N T S .
BANKERS AND BROKERS,
N o. 1 0 W A L L S T ., N E W Y O R K .
Orders for Stooks and Bonds executed at &k
Exchanges.
Espeolal attention given to supplying high-class
IN VESTIREN T S E C U R IT IE S .
W h it e l y .
H . Cr u d e r o a k l e t .
Ma y n a r d C. E y r e ,
H e n r y H . D o d g e , Washington, D. O.
W h . B . T r a v e r s , Special Partner.
jam bs
Prince & Whitely,
No. 64 B R O A D W A Y , N E W Y O R K .
BRANCH Of f ic e s . J 539 16th s t m Washington, D.O.
Buy and sell on commission all classes o f Railroad
Securities; also Grain and Provisions.
Private telegraph wires to Philadelphia, W ilming
ton, Baltimore, Washington, Bridgeport, New
Haven, Boston and Pittsburg.
A . Dutenhofer,
Dealer In Miscellaneous Securities,
18
b oS T h tlidS o!d .T n iit
F I R S T -C L A S S
BROKER
BANKERS,
Non. 33 Sc 35 Nassau St., N ew Y o rk
AND
York.
D E A LE R S IN
NO. 66 B R O A D W A Y ,
Branch Office, 315 Madison Av.,cor. 42d St.,NewYork.
Deposits received subject to check at sight, and in
terest allowed on dally balances. A ll stocks and secur
ities dealt in at the N .Y . Stock Exchange bought and
sold on commission, for cash or upon margin.
e /h c /l i L ./C i ^ e 'b i C C o
BANKERS,
Chrystie & Janney,
BANKERS
16 A 18 B roa d Street, N ew Y o r k .
131 South T h ird Street, Philadelphia«
Connected bj Private W ire with mala office. New
Bankers and Commission Stock Brokers,
No. 3 0 B R O A D S T ., N B W Y O R K .
Gilman, Son & C o.,
Geo. K. Sistare’s Sons,
John H. Davis & C o.,
W . 8. N e l s o n .
B AN KERS A N D BRO KER S,
W alter Del Mar.
IN V E S T M E N T
P h ila d elp h ia Sc R ea d in g R R . Co.
on the Philadelphia or New York Stock Exchanges.
Buy and sell on Commission, for oash or ‘ n • argln
>
all securities dealt in at the New York Stock E x
change.
Interest allowed on daily balances.
All deposits subject to oneck at sight.
Particular attention to orders by mall or telegram.
B r a n c h Office , 01 L e o n a r d St r e e t .
8. M . R o b e r t s .
W e solicit orders for the purchase or sale o f any of
the securities o f the
M e m b e r s N. Y , St o c k e x c h a n g e .
Transact a strictly Commission business In Stocks,
Bonds, Commercial Paper, Collateral Loans, Ac.
I n v e s tm e n t S e c u r itie s a S p e c i a lt y .
Advances made. Correspondence solicited
Refer to Mr. E d m u n d d . R a n d o l p h , President
Continental National Bank.
New Street and 42 Broadway«
Edward L. Oppenheim.
Private telegraph wires to Chicago, Boston, Phila
T . S. Y o u n g , J r .,
Member N .Y . Stock Exchange.
E. L. Oppenheim & C o.,
51
B A N K E R S AN D B R O K E R S ,
No* 31 N ew Street and N o. 1 E xchange
Court, N ew Y o r k ,
delphia and Baltimore.
B AN KERS,
D EA LER S IN G OVERNM ENT, M U N IC IP AL AND
R AILR O AD SECURITIES.
D EM AND DEPOSIT ACCOUNTS R EC EIVE D .
INTEREST A L L O W E D ON D A IL Y BALA N CE S.
J. H e r o n Gr o s m a n
AND
346 CLARK STREET, CHICAGO, ILL.
A ll stocks and securities dealt In at the New York
Stock Exchange bought and sold on commission, for
oash or on margin. Deposits received and Interest
allowed on balances.
H . B. Hollins & Co.,
Œitg.
F . M. L o c k w o o d ,
Frank C. Hollins & C o., Lockwood & Crosman,
B AR TH O L O M E W HOUSE, I LONDON.
BAR TH O LO M E W LA N E , i
Solicit Accounts and Orders for the Purchase and
Sale of Bonds, Shares, Ac., Ac., on Commission, in
New Fork, Boston, Chicago, London or Paris,
Interest allowed on deposits subject to drafts at
sight.
Members o f the New York and Boston Stock Ex
changes and of the New Fork and Chicago Produce
Exchanges.
Private wires to Chicago, St. Paul, Boston, H art
ford, Buffalo and Utica.
111
oent Debentures
B ANKERS,
AND
M ILLS BUILD IN G (3d Floor,)
Rooms 26 k 36.
33 W A L L STREET.
S T A T E A N D C ITY BONDS OF GEORGIA, ALSO
SECURITIES OF T H E C EN TR AL RR. A B A N K
ING CO. OF G EORGIA, A SP EC IAL TY.
Investors wishing to buy or sell are Invited to call
or correspond. Prompt and personal attention given
to all orders.___________________________________________
W ood, Huestis & C o.,
31 PINE STREET, NEW YORK,
B A N K E R S AN D B R O K E R S .
SUCCESSORS TO
WOOD
Ac D A V I S .
Execute orders In all securities listed at the New
Fork Stock Exchange. For Sale :
Fir st -C lash R a i l r o a d F ir s t m o r t g a g e B o n d s .
GEORGE 0 . W O OD . 0 . H . H U E STIS. L . M. S W A N
J. L. Robertson,
BOND AND STOCK B R O K E R ,
Dealer in Inyestment Securities,
No. 7 NASSAU STREET,
(Continental National Bank Building,)
N ew Y o r k ._______________
R. J. Kimball & C o.,
[Established In 1866.]
BANKERS AND BROKERS,
1 6 A 18 Broad. Street, N ew Y o r k ,
Members of the New York Stock Exchange and e
the Philadelphia Stock Exchange.
R o b e r t J. K i m b a l l .
A l f r e d B. L o u n s b b h b t
Frederick W . Perry,
Su c c e s s o r t o j . h . l a t h a m
a
Co .)
UNITED BANK BUILDING,
W a ll Street, corner B ro a d w a y .
STOOKS, BONDS <t COMMERCIAL PAPER.
UNITED BANK BUILDING,
No. 3 W A L L S T R E E T , N E W Y O R K .
Stocks and Bonds bonght and sold on commission
at New York Stock Exchange. Advances made on
v
»miness paDer and other securities.
City, County, State, Railroad, District o f Colum
bia and Foreign Exchange.
[VOL. X L IV .
THE CHRONICLE.
ir
%utzxz$t, pitriflghflgy Set*
jfcp ejcial
u
J arvis-Conklin
Mortgage Trust C o.,
SUCCESSORS TO
Jarvis, Conklin & C o.,
KANSAS
C IT Y ,
Capital P a id Up
■
MO.
"
$ 1 ,0 0 0 ,0 0 0
OFFICERS:
S A M U E L M . J A R V IS , Pre»’ t.
E D W IN E . W IL S O N , l i t Vlee-Pre»»t.
H E N R Y P . M O R G A N , 2d Vlce-Prea’ t.
R O L A N D R . C O NKLIN , 8ec»y.
W M . F . S H E L L E Y , Trea»»r.
GEO. W . M e C R A R Y , Coun»el.
This Company offers for sale at par and
accrued Interest Its
S IX P E R CEN T D E B E N T U R E S ,
payable half-yearly at the office of THE MER
CANTILE TRUST CO., NEW YORK. These
Debentures run for Ten years, but with the
option of redemption at the end of Five years
They are direct obligations of the Company
«,nfl are further secured by an equal amount of
Beal Estate Mortgages on Improved and pro
ductive Real Estate worth from three to five
times the amount ofjthe mortgages, held by THE
MERCANTILE TRUST CO., which under speoial
Articles of Agreement acts as Trustee for the
holders of the Debentures. They are Issued In
denominations of $500, $1,000 and $5,000
These Debentures are a very desirable class
Of investments for Estates and Trust Fundsand for individuals and corporations desiring
an exceedingly safe investment, with a oom
paratively high rate of Interest.
Write for further Information and reference
to our office at Kansas City, Mo., or to
R O L A N D R . C O N K LIN , Secretary,
E qu itable B u ild in g , N .Y . City.
JO H N M . S H R IG L E Y , Manager,
411 W a ln u t St., P h ila d elp h ia.
M O RG AN & B R E N N A N , M anager»,
2 7 Custom H ou se Street,
P r o v id e n c e , R . I.
fftturocial*
r p E.IE IN T E R E S T ON T H E F O L L O W l
tng bonds is payable at the banking house o f
Messrs. W IN S LO W , L A N IE R & CO., 26 Nassau
Street, New York City, on and after June 1,1887:
Allen County, Indiana-—
Gravel Road 6s.
Benton County, indiaha—
Gravel Road 6s. ____ __
Cincinnati Richmond & Ft. W ayn e B n . Co.
First Mortgage 7s.
. _ „ . „ „ nr. _
C ol.H ock. V a l.f c r o l. R’y Co. & H .C . & R R .C o .
Mortgage 6s.
Howard County, Indiana—
Gravel Road 6s.
Marion County, In d ian aAnnual 7s.
County 4J4*.
_
Pittsburg Fort Wayne & Chicago R ’y C o .First Mortgage 7s, Series “ F.”
Second Mortgage 7s, Series “ M .”
Rush County, Indiana—
Refunding 6s, Principal and Interest.
St. Charles Street R R. Co. o f New O rlean sFirst Mortgagees.
JU N E 2.
Wabash County, Indiana—
Gravel Road 6s.
JU N E 8.
Blackford County, Indiana—
Gravel Road 5s.
Wabash County, Indiana—
Gravel Road 6s.
JU N E 4.
Fulton County, Indiana—
County os.
JU N E 5.
Greene County, Indiana—
Annual 6s.
Randolph County, Indiana—
Gravel Road 6s.
W hite County, Indiana—
Gravel lload 6s.
JU N E 9.
Vermilion County, Indiana—
County 7s.
JU N E 10.
Randolph County, Indiana—
Gravel Road 6s.
Tipton County, Indiana—
County 7s.
Warrick County, Indiana—
Funding 6s.
JU N E 12.
Tippecanoe County, Indiana—
Court House os.
JU N E 15.
Columbia City, Indiana—
Municipal 6s.
JU N E 25.
Wabash County, Indiana—
Gravel Read 6s.
JU N E 30.
Miami County, Indiana—
Gravel Road 6s.
Desirable Six Per Cent
Gold Bonds
Geo. H . Prentiss & Co.
N o. 49 W A L L S T ., N E W Y O R K ,
AND
$ 0 8 M O N TA G U E S T ., B R O O K L Y N .
Bonds,
AND ALL KINDS OF
BROOKLYN
S E C U R IT IE S
SEE G AS QUO TATIO NS IN T H IS P A P E R .
GEO. H . PRENTISS, W.D.PRKNTISS. W .W .W A L SH .
Memb, N .Y . Stock Exch.
L . F. Ol n e y , Jr .
J. P. Gayle,
REAL
ESTATE
Up stairs, opposite Beraey National Bank
BIRMINGHAM, ALABAMA.
Valuable suburban, traots of land In bodies of
ten to eighty acres' each.
____________ ’
H. L. Grant,
NO.
145
B R O A D W A Y ,
NEW
YO R K .
CITY RAILROAD STOCKS & BONDS
’
B OU GH T A N D
SOLD.
See Quotations of City Biatlroads in this paper.
BROKERS
[D I R E C T
P R IV A T E
W IR E
TO
NEW
Y O R K .]
First Mortgage 6 Per Cent Gold Bonds
($15,000 PE R MILE)
Georgia Midland & Gulf
Railroad Co.,
D U E J U L Y 1, 1926.
Interest, New York, January and July.
Standard gauge, steel rails, first-class equipment.
A limited amount for sale. Descriptive pamphlets
containing copies o f mortgage, furnished on appll|cation.
R . A . LA N C A ST E R & CO.,
' 10 W a ll Street.
OFFICE OF T H E
jNorfolk & Western RR. Oo.,
PHILADELPHIA, May 2d, 1887.
The Board of Directors have this day declared a
semi-annual dividend of T W O A N D O N E -H A LF
PER CENT upon the Capital Stock o f the Company,
clear of all taxes, payable on and after May Slat
next, to stockholders as registered on the books at
P. M. on April 30th, ult.
On May 31st dividends will be paid to women only.
NO. 333 W A L N U T STREET,
P h i l a d e l p h i a , May 20, 1887.
The Board o f Directors of this Company has,
under authority of the Stockholders, decided upon
consolidation with the Clinch ValleyRailroad Co.,and
i upon the construction of the Clinch Valley Line to
a connection with the L< -uisville & Nashville system.
For the purposes o f this consolidation and lor the
acquirement of additional equipment, the capital
I stock o f this company will be Increased by an issue
o f 40.000 shares o f the preferred stock, being the
amount authorized by the stockholders at their
annual meeting held May 4, 1887. Preferred and
common stockholders o f record May 25 have the
righ’. to purchase the new issue o f preferred stock
at the rate of $52 50 per share, and In the ratio of 16
new shares for every 100 shares of stock registered
I in their names an May 25.
.
„
This right will expire June 1, at 2 p . m ., and can be
___
iB ra B e at the offloe
„ __ ■ _____the
exercisedu » n u o u u ,w o f the Treasurer o f thi com,any In Philadelphia, at the office Of, the Central
Trust Company in New York, and at the office of
Messrs. Vivian, Gray &Oo., 10 Throgmorton Avenue,
London, E. C.. where circulars more fully Betting
forth the plans o f the company can he had upon
application.
,,
,
__.
$10 per share must acoompany the acceptance oi
this offer, $10 will be payable oh June 15, and the
remaining $32 50 will be payable on July 15, when
certificates for the new stock will he ready for
^^Trani’er books will close May 25, and will reopen
June 2.
W IL L IA M G. M AC D O W E LL, Treasurer.
ROBERT W . SM ITH, Treasurer.
VALLEY
^
R A I L W A Y CO.
G b e e NSBORO, N. C., May 16,1887.
The Interest maturing on the first mortgage bonds
o f the Cape Fear A Yadkin Valley Railway Com
pany on June 1st will he paid at the office of the
Farmers’ Loan & Trust Company, New York.
JU LIU S A . G R A Y , President.
P A N Y , OF Fiefs OF THE SECKETABY, MONMay 16,1887.
l
The half-yearly interest on the first mortgage bonds
o f thè Manitoba Southwestern Colonization Railway
Company, due on 1st June proximo, and payable by
the Canadian Pacific Railway Company, under the
terms of the mortgage, will be paid on and after that
date, on presentation of the Coupons, at the office
of the Bank of Montreal, No. 59 Wall Street, New
York, or at the office of Messrs. Blake, Boissevain
* Co., 11 CopthaU CouR LondoniiK w A T B R i
rt,
TBEAL,
AGENT,
F irst Av<, bet. 19tli and 20 th Street»,
BOND
P h ila d e lp h ia .
rtAN AD IAN PACIFIC R A IL W A Y COM-
D E A L T IN .
4N D
28 South T h ird Street,
PR E SID E N T’S OFFICE,
S E C U R I T I E S ,
and
STOCK
T R E A SU R E R ’S D EP AR TM EN T .
p A P E F E A R 4c Y A D K IN
AND
Street Railroad Stocks
W ILLIAM G. HOPPER & CO.,
P E N N S Y L V A N IA R A IL R O A D CO.
GAS STO CKS
G A S
FOR SALE BY
Secretary.
( 10L0R A D ©
CENTRAL
CONSOLI1
P A N Y and affiliated companies.
Notice is hereby given that the first Instalment of
25 PER CENT o f the contribution required upon the
stook and securities deposited with Messrs. Brown
Brothers A Company under the plan o f reorganiza
tion of the above companies, is hereby called, ana
will be payable on JU N E 1 , 1887.
.
The second instalment of 25 PER CENT IsjjJso
hereby called, and will be payable on J U L Y l .;
Payments are to be made at the offices of Messrs.
Brown Brothers A Company, in the cities of New
York and Philadelphia.
___ . „„„
Bv order of the Board of Reconstruction Trustees.
y
JNO. B. G A R R E TT , Chairman.
t ce
f
q i h d a t i o n . - n o t ic b
the
of th®
No is iherebyogivenl itbAtBank, stockholders.CouncU
Council Bluffs National
located at
Bluffs. In the State of Iowa, at a meeting held on
the 5th day o f May. 1887, voted to go into volun
tary liquidation, a ll depositors and others holdingyp\a?ins against said bank.willtherefore »resen
the same for payment.
L. W . TU LLEYS.irresi.
For Sale:
The entire series o f the F i n a n c i a l Chronicl *
ending [December, 1886, Also Poor’s Manual for
U
D A T E D M INING COM PANY.
I same period. Apply
The regulM dividend, N o ./1 0 , of F IV E CENTS
4 3 N E W STREET, Rooms 1 , 2 4 *
PER SH A R E ($13,750) has been declared to the
stockholders of this company, payable on June 10 at
A N T E D — AN E X P E R IE N C E D
the Farmers’ Loan A Trust Company. Transfer
Bookkeeper familiar with banking an
books close on May 31, reopening
brokers’ business.
None but most satisfacto J
p Q Box ^
NEW YORK, May 12,1887.
_________Treasurer. references accepted, ^ d r e s s
W
R O C H E S T E R & P IT T S B U R G CON-C*' solldated First Mortgage coupons maturing
JUNK 1, will be paid on and after that date, at the
Union Trust Company of this city.
FR ED. A . B R O W N , Treasurer.
Staten Island Securities
N O T IC E .
T o H olders of New England
Security Co. Bonds, series
July 1, 1887.
M ortgage
“ D ,” due
B o st o n , April i , 1887.______________
Im p o r ta n t N o t ic e .
6 6 B roa d w a y, R o o m 8.
— .
A S P E C IA L T Y .
Send to H ODGES & K N O X, T O P E K A , K AN SA S,
for Free Pamphlet containing the compiled Laws of
Kansas relating to Real Estate Mortgages.
¿j
Circulars regarding the exchange of these
can be had on application at the Company s o
4a Milk Street. The right to exchange for
bonds expires Jun®
F b r e W ST ER , Treasurer.
TO HOLDERS OF KANSAS REAL ESTATE Gas, Railroad & Amusement Co. Stocks
R . T . Wilson & Co.,
MORTGAGES:
i BANKERS AND COMMISSION MEROHA-NX,
G EO. B . R I P L E Y ,
2 E xch an ge Court New YorK*
THE CHRONICLE.
May 28, 1887. J
▼
ffiuatxjctal.
C A I N T P A U L ANO D U L U T H R A IL *
ROAD CO.,
Of fic e o f t h e S ecr et ar t a n d T r e a s u r e r .
St . P a c t ., Minn., May 12th, 1887.
The annual meeting of the stockholders o f the St.
Paul & Duluth Railroad Company for the election
of directors and consideration of the resolution duly
adopted by the Board o f Directors Fèbruary 5th,
1887, and mentioned below, and the transaction o f
such .other business as may bn brought before the
meeting, will be held at the office o f the Company,
in the city of St. Paul, Minnesota, on Monday, June
20th, 1887, at twelve o'clock noon.
The transfer books will be closed at three p. M. on
Saturday, May 14th, and reopened cn Friday, June
24th, 1887.
The resolution above referred to Is as follows:
Resolved, That It is expedient and necessary for
th e1
rapidly-increasing business of this company, as
explained by the President, that it should havd addi
tional terminal facilities, equipment, and tracks, and
that the grades and curves o f the road should be
reduced,and O'her necessary improvements be made
as soon as possible, all Involving an estimated
expenditure In the course o f the ensuing two or
three years o f upwards o f two millions o f dollars;,
and In order to raise this sum òr procure such add!-,
tional facilities, equipment, and improvements, it
is recommended that there be submitted to the
stockholders, at the next annual meeting, the fol
lowing propositions for the adoption o f one or more
o f them :
First. The temporary application o f the income
froth lands and stumpage to necessary improve
ments.
Second. The Increase and sale of the common stock
at not less than par, to the full amount provided in
the articles of incorporation and the plan of reor[animation, namely, six million dollars, being an
□crease of nearly two million dollars.
Third. Authorise the Board of Directors to bor
row two million dollars upon mortgage bonds of the
company.
Fourth. Assent to the organisation of a terminal
railroad or other like company to furnish such ter
minals, equipment, tracks and other facilities, the
stock of which shall be owned by this company, with
authority tu the Board o f Directors of this Company
to guarantee the principal and interest o f bonds
said tèrminal or other company to the amount
two million dollars.
By order 01 the Board o f Directors,
PH ILIP 8. H AR RIS, Secretary.
Sealed Proposals.
O
?
Q F F I O E OF T H E P E N N SY L V A N IA
R AILR O AD COMPANY. — PHILADELPHIA
May 11,188?.
A t a meeting of the Board o f Directors o f this
Company, held this day, the following resolution
was adopted:
Resolved. That for the purpose o f providing the
necessary capital for construction and equipment
expenditures during the year 1887, on the main and
leased lines and branches, and for the completion
and extension of new and auxiliary lines, the cost of
which is estimated as follows :■
Construction of third and fourth
tracks and additional facilities
on the Pennsylvania Railroad,
branches, and leased lines ....$4,QQ0,000
Real estate Pennsylvania Rail
road,branches and leased lines 700,000
Locomotive engines and passen
ger equipment.. . . . . '. ......... .
1,300,000
Construction of branch and aux
iliary lines.ln addition to those
now In operation:........................ 2,0Q0,000—$8,000,000
the privilege be given to the shareholders o f the
° * subscribing at par between the 16th and
30th days of J une, 1887, on which latter date the
privilege will cease, for 8 per cent 'of their respect
ive holdings as they stand registered on Wednesday.
May 11th mst. Shareholders entitled to a fraction
o f a share may subscribe i or a full share. The prlv
liege of subscribing may be sold by any shareholder,
and blank forms for such purpose will be furnished
on application to the Treasurer. Payments m aybe
made in full prior to July 1,1887, or one-half shall
hSiPlfc Ri‘? r to , i u,y ! . 1887. and the remaining onepaid {.rior to September 1,1887, and In
5ece pts Y in be U ven bearing interest at
the rate o f 4per cent per annum from the date of
N° y « mber 1,1887, at which tlme sald
receipts will cease to hear interest. On and a fte r
h#rtS ?i6r h 1887’ certificates for the new stock wUl
be delivered on surrender of the receipts
*
*
K O B E B T W . S M IT H ,
Treasurer.
Walkley & Co.,
C i t y Co m p t r o l l e r ’ s O f f i c e ,
)
Ci t y H a l l ,
V
C i t y o f S a i n t P a u l , M i n n ., May 17,1887. )
FOB
& 1 ,3 3 9 ,0 0 0
Four and O n e-h a lf (4 1 -2 ) Per Cent
B O N D S
17 W A L L
W ETTER
&. C O .,
STREET, NEW
YORK,
AND
C IN C IN N ATI, O H IO .
ST AT E OF OHIO 3 P E R CENT BONDS.
CINCINNATI, OHIO, 4, 5, 6, 7 A N D 7 3-10 PE R
CENT BONDS.
SPRINGFIELD, OHIO, 4% PER CENT BONDS.
D AYTO N, OHIO, 4 PER CENT BONDS.
X E N IA , OHIO, 5 PER CENT BONDS.
M IDDLETOW N, OHIO, 5 PER CENT BONDS
M AR TIN S FR K RY, OHIO, 5 PE R CENT BONDS
LAW RE N CE CO., OHIO, 5 P E R CENT BONDS
B U TLE R CO., OHIO, 5 PER CENT BONDS.
BRO W N CO., OHIO, 5 PER CENT BONDS.
COVINGTON, K I . , 4 PER CENT BONDS. "
ATLANTIC M U T U A L SCRIP.
J. P . W I N T Ì M N C 4 H A M ,
3(f Pine St., N.Y.,
Second-Hand Railway Equipment,
H a v e ;now for sale at low prices, for cash or on
sec^rnfe“ ! ' onCarTrust> or will eich a oge for good
3 .3 0 0 B O X CAR&,
1 .3 0 0 F L A T AND GONDOLA C A R S,
&90, STOCK CARS,
2 33 R E F R IG E R A T O R CARS,
17 LOCOMOTIVES.
and releUe ’ a*1 be put ln good repair, repainted,
1
OF THE
'ybether you wish to buy, sell, or trade, It will pay
you to write us for full particulars.
City o f Saint Paul
# 1 ,4 0 0 ,0 0 0
AND OF THE
C o u n t y o f R a m s e y , Mobile & Dauphin Island
(Semi-Annual Coupons Attached),
MATURING
IN
THIRTY
Railroad & Harbor C o .
YEARS.
All hearing Interest at the rate of Four and
One-half (4Ja) Per Cent Per Annum, payable
semi-annually at the Financial Agenoy of the
City of Saint Paul and of the Countv of Ram
sey, in the City of New York, dated' May 2d,
1887. Principal maturing May 2d, 1917 (30
years), except the $75,000 Bonds of Ramsey
County maturing May 2d, 1907, (20 years) and
payable at the said Financial Agency.
F IR S T M O R T G A G E 6 P E R OT
F O R T Y -Y E A R
GOLD
RONDS
Coupons Payable In New York May 1
and November 1.
Issued fo r the following purposes, viz.:
I Q (jQ
L8**??La * ? ? . ?oncls. Issued
?
The undersigned are authorized to reoeive sub$ 2 0 0 , u u u for* the constrnctl«mv*of’’ a ” f ree
wagon bridge across the Missis scriptions for the above-named bonds; payments to
sippi River .from Forbes Street.Ac., be made to the
under an Act o f the Legislature
approved January 17th, A .D , 1887.
0 0 n o n e 1* « * Saint Paul Bonds. Issued F O U R T H
N A T IO N A L . B A N K
t i p A L f V j V /V /C /for the purchase o f lands, the
erection o f engine houses, &o., for
OF N E W Y O R K )
the fire department, under tin Aot
o f the Legislature approved Janu
ary 31, A .D . 1887.
which will Issue receipts.
Paul Bonds, issued for |
$
,o o o
iriations, Ac., under
Terms o f subscription, also prospeotus, with maps*
an A ct
th
— ------—of -.ie Legislature ap
can be had on application.
proved January______ __._ _
_
January 81, A .D 1887.
£Tn n o n City of Saint Paul Bonds, Issued
D V j U u U for ihe erection of hospital build
R. & C. S. MILLIKEN,
in gs, under an^Act or the Legislature approved January 31, A .D .
TO B roa d w a y and 15 N ew Street,
1887.
100
$
$ 2 0 0In
n n 5 lty x°f 8a,nt Paul Bonds, issued
U l / for the extension o f the St. Paul
W ater Works, under an A ct Of the
Legislature . appr°ved February
A . JL looO.
).
$14 n n O
P 4! , . 0* 8aint Paul Bonds, Issued
for the purpose of constructing the
approaches to the railroad bridge
on East Third Street, uhder an
A ct <of the Legislature approved
February 24th, A .D . 1885.
Saint Paul Bonds, Issued
2 0 0 ;I 0 0 0 for sewerage purposes, under Acts
or the Legislature approved Feb
ruary 24th, A .D . 1885, and Januuary 81; A .D . 1887.
Saint Paul Bonds, Issued
2 0 0|
v /f o r the erection of a new Court
House and City Hall buildingunder Acts o f the Legislature ap
proved February 26th, A .D . 1883
and February 2d, A .D . 1887.
’
j d u u
$
$
000
$ 2 0 0 I 0 0 0 S'ourlv7
for the
Ramsey Bonds, issued
erection o f a new Court
House and City Hall building
under Acts o f the Legislature ap
proved February 26th, A .D . 1883
and February 2d, A .D . 1887.
’
0 v t0 f9 ounty of Bamsey "Bonds, issued
0 r or
.
A1
joonas, Issued
a
I O jU
a e ----------1
for the floating debt o f ¿am-sey
bounty, and maturing May. 2d
1U07 (20 years), under Acts o f
These bonds will be issued in denomina
tions of
ONE THOUSAND DOLLARS EACH,
And delivered to the successful purchaser in
the City of Saint Paul.
No bid will he entertained for iess than par
and the accrued interest, as provided by law
Bids will be entertained for all the bonds
a s a w h o le , o r f o r a n y p o r t i o n th e r e o f
’
The “ Commissioners o f the Interest and Sink
ing Fund” and the Committee of Wavs am i
Means of the Common Council of the Citv of
Saint Paul reserve the right to reject any or all
ROBERT A. SMITH, Mayor, Chairman of the
Commissioners of the Interest and Sinkin
JPXlllU..;
w S y .0 ^
F
S
S
: C h a lm “
0 ' ,ll e
Of
Send to tile City Comptroller for “ financial
statement.”
Mark bids “ Sealed Proposals for Bonds ” and
address
“ ' ““u
JOH N W . R O C H E ,
C ity
_________ __N E W
YO R K .
$ 2 0 0 ,0 0 0
GEORGETOWN & WESTERN RR. CO.
First Mortgage 6 Per Cent 80-Year
Gold Bonds,
I s s u e d a t L e s s th a n 1 3 , 4 0 0 P e r M i le .
PR IN C IP A L A N D INTER EST P A Y A B L E AT*
T H E BAN K OF N E W YO R K.
C o u p o n s p a y a b le M a y a n d N o v e m b e r»
i n v e s t m e n t 6 4 by the Bank o f New Fork as a safe
t j f S s h d h f - fU paH uiars and lnfornaaU
lC
D VU G LAS Sc JONES,
72 B ro a d w a y .
Lost Bonds.
Fifteen bonds, o f five hundred dollars each, o f
the st. Louts Ottumwa & Cedar Kaplds Railroad
Company;are outstanding. T h e Trustees desire t o
learn their whereabouts, with the view of saving
the costs-df foreclosure and perfecting an arrange
ment for the benefit and security of all the bonds o f
tbatlasue, and collecting the interest on same,
at once ° “ olders noti<y the undersigned Trustee
W IL L IA M NICHOLS, Trustee,
Care o f Commercial Bank,
;
8t. Louts, M e .
* 1 , 3 3 '»,000 T O T A L .
FOR SALS BY
ALBERT
BROKERS IN
Sealed proposals will be received at the office
of the City Comptroller of the City of Saint
Paul, State of Minnesota, until 4 o'clock, p. m . on
THURSDAY, the 16th DAY of JUNE, 1887,
2 h u ! a i V PPr° Te(1 February
Investment Securities
10 W A L L S T R E E T , N E W Y O R K ,
Com ptroller,
Si. P a u l, M in n esota.
Massasoit
House,
S P R IN G F IE L D , MASS.
T H E BEST AP PO IN TED HOU SE IN W ESTE R N
N E W EN G LA N D .
*
Convenient for the tourist or business man. Near
Union Depot.
_________________W , H . CH APIN .
Spencer Trask & C o.,
BANKERS & BROKERS\
16 and 18 Broad Street, N. V.
Albany, N.Y.
Providence, R I.
Saratoga,
Transact a General Banking Business,
Direct Private Wires to each office «.nd to
PHILADELPHIA,
BOSTON,
WORCESTER,
O F F IC IA L S T A T E M E N T o f th e C I T Y O F S A IN T P A U L , M IN N E S O T A , R E N D E R E D T O A P R I L 3 0 th , 1 8 8 Y .-H O N D E D A N D F L O A T IN G IN D E R T E D N E S S .
OTgig A D V E R T I S E M E N T , “ P R O P O S A L S F O R B O N D S ,” O N T H E P R E C E D I N G P A G E O F T H I S IS S U E
A m ou n t o f
E ach Issue.
Pu rpose o f E ach Issue.
R ate
D en om ina
tions or
of
Sine o f Bonds. In t.
$425,000 Bonus to Railroads $500 & $1,000
1.000
45,000
1.000
! 50,000
“
“
$520,000 00
1,000
f $181,500 Sewerage Purposes
1JXK)
I
8,000
“
1,000
95,000
“
“
$600 & 1,000
700,100 00 {
109,600
“
“
1,000
I
20,000
“
“
1.000
200,000
1.000
L 100,000
“
$53,831 65 St Paul Bridge $1,000 & Var
75,831 65
1,000
22,000 00
P 249,815 00 ; $175,000 Redemption and R evenue..............................
74,865
“
“
............................
$1,000 & Var.
1,000
W h en In terest is
P ayable.
F. & A., M. & s. ;
A. & 0 .,M .& N .
June & Dec.
;
J., F., J. & A .
March A Sept.
April A Oct.
May & Nov.
J ime & Dec.
Jan & July.
Jan. & July.
M-, A ., 8. & 0 .~
May A Nov.
Jan. A July.
Feb. A Aug.
)
{
Bonds D ated.
Tears.
1808
1870
1872
1879
’ 1873,1874
1878
1879,1880
1881,1883
1884,1885
1886
'1864
1867,1870
1
1873,1881
1860,1861
1862
’,06 ’68, *70, ’72
1873
1864.......................
1872........................
Bonds D ue.
Tears.
1888,1889
1897, 1898
1900
1904
1898,1899
1903,1904
1905,1906
1908,1909
1915
1916
R EM A R K S.
____ n.__
The city o f St. Paul has no right to redeem any bonds before maturity, unless the nolders consent o surrender them.
i
? y l? e « n a£
^
the city o f St. Paul has Issued no bonds for seveml yesrs for
■the purpose o f redemption, but levied a direct tax uponall o f the assessable propertyforth epaym ent
.^ L k o n d a a i A e r
imature, for exam ple: The city bonds which matured March 1,1887, were promptly paid out or the tax collections leviea
h e0
iS8u ? t f rt^ b o n d e d h e b to fth e city o f St. Paul was Issued under a special “ legislative ’’ act, being the true policy,
n
d
las sack places a complete check and limit upon the power to issue bonds or to increase the debt, giving citizens and taxtne chance to consider the necessity.
payers 1
The bonded aebt o f St. Paul is strictly conservative, owing to the fact that the
aim o f ^ r ^ i z e n s has ^w a ys been
to keep the aebt within the “ 5 per cent limit o f the assesse i valuation o f property,’ just the same as if such limitation ap
like those which the
plied to St. Paul, and also to issue no bonds unless for necessary objects repre-enting large assets^llke those *
presents. Tne bonaea aem an nius u a w iiu iiu 80,
$4,108,421 66. to
present bondeddebt o fth e city o f St. Paul represents. The bonded debt at this date^ April oyj j-oo7,) is ,$4,168,
which add $358,635 tor sundry indebtedness—which includes the bonded debt of 1he ol d ^ ater company—w tU m aket he total
inabilities o ft h e city o f St. Paul amount to $4,521,056 65—itemized below. This amount does not Include $360,000, bonded
1887, ’90, ’97;,jet>t o fth e Board o f Education, and $349,460, bonded aebt of Ramsey County, which, if added to the total *}*billtles of the
1903
city, will make the great grand total debt amount to $5,220,516 65 for city, county and Board o f Education, and for watch the
May A N ov..............
50
June A Dec.............
500
June A D e c ..........
$1,000 & 500
1878........................
Jan. A July.............
$500 & 1,000
Jan. A July..............
1,000
1869 & 1870...........
J., F., A ., J., A . A O.
$500 & 1,000
1886 .....................
Jan. A July.............
1,000
1878........................
May A N ov..............
$500 & 1,000
1879........................
April A Oct............
1,000
1881........................
Feb. A Aug.............
1,000
June A Dec............ .
1,000
1882........................
June A Dec............
1,000
1883........................
Feb. A A u g .............
1,000
1884........................
April A Oct............
1,000
1884........................
April A Oct............
1,000
1885 .......................
April A O c t ..........
1.000
1881 .......................
Feb. A Aug............
1,000
500.000
“
“
“
.................................
1883........................
April A Oct............
1,000
80,000 00
100,000
“
“
“
..................................
1884........................
March A Sept.......
1,000
400,000
“
“
“
.................................
I m
probably r% u ire fro m tw o to foxw years to issue the bonds rem aining unissued under the legislative acts o f the years 1887,
1883........................
April A Oct............
1,000
($30,000 City Workhouse Construction
5.000 00
iocsj.
......... . . . 1913...............
1883......................... ixwj-o . ....... ... ¡1885, and previous years, as they will only issue fro m tim e to tim e as required to cover the purposes intended. it e n the
April A Oct............
1,000
( $25,000 Public < 25,000 “
Parks.
“
1886....... .............. 1910............... \tion o f property will be probably $250,000,000 or more, as the im provem ents to be made fro m the greater p m tion o f the 1
bonds w ill
1016...............
Jan. A July............
50.000 00 } 25,0.........................
1,000
*,000
( 25,000 “
1888......................... 1013...............
1883........................ 1918...............{largely enhance the values o f property and develop the c ity im m ensely in addition to the unprecedented growth, w hich will 1*0 doubt
April A Oct............
1,000
$30,000 Phalen Creek Roadway
1883 ...................... 1913............... j
Feb. A A u g............
65.000 00 Westminster Street Bridge Approaches............................
1,000
: 111,397
35,000
1003............... !
April A Oct............
1,000
10,000 00 Fort Street Grading and Macadamizing.........
range”up to 160?000lsouls, which' cannot falT'mnch short o f the'actual, as shown by the most reliable
nih€e estimates i
1883........................ 1 9 0 3 ............ 1
April A Oct............
1,000
20,000 00 Sixth Ward Levee P roperty..............................
icing the population of St. Paul at 148,047 souls Jan. 1,1887. Tnerefore it will be safe to figure the
1909 .............
April A Oct............
1,000
5.000 00 Dakota Avenue Grading and Macadamizing
A«.,«*............
,..
.
. , . . „
,
,.
1885........................ 1915............... ¡population ab iw ,u w souls Jan. 1,1888—if it has not already reached that number.
July A Jan............
1,000
5 $50,000 Court House and City H all...............
i n considering the financial condition of a city—the rate of debt per capita of populationshould be absolutely ignored, as it
1916...............
mO.OOO 00 ) 100,000 “
July A Jan............
1,000
“
“
...............
1885...................... 1915............... often happens that in some cities a large part of the population own no property .while in St. Paul most people own theirdomes.
April A O ct......... .
1,000
} $200,000 Robert Street Bridge over Mississippi River
’ nl “ The pivot points to be considered are as follows: Are the interest and principal of the debt paid promptly when due? W bat
1916..............
¿bo,000 00 \ 100,000
Jan. A July............
1,000
1886........................ 1916............... per cent o f the assessed valuation of property is the debt? W hat proportion of the estimated cash value of property is the
Jan,',A July............
1,000
50,000 00 Abutments at Railroad Crossings
assessed value? W hat is the annual interest upon the debtand what, is the average rate per cent upon the whole debt? Are
Matured Bonds never presented for payment.
„
*50 the assets substantial and do they conservatively offset the debt?
No. 283, Bounty m atured................... May 1,1874. $50 I No. 781, Redemption, Ac., matured Dec. _S,' 18j0.
Am, 14 1863
lool
The metropolitan city of St. Paul has become great In her grandeur, and one o f the {greatest evidences o f her magnitude
$ 4 ,16 2 ,4 2 1 65, Total
No. 565, Redemption, Ac., matured July 1,1870. 500 |No. 880,
Tull 1 1872 1 000 is that the time has arrived when palatial business blocks and residences are constructed, excite no special attention, unless
Bonded Indebtedness
No. 656,
X
•
•
..
Aug. 10,1861. 5 0 0 1No. 886,
___ k a ilt in ihe conspicuous places where all the world coming to St. Paul passes,unlike a lewyears past, when all such buildings
July l , 1672.
A pril 30, 18 8 7.
No. 665,
“
“
Sept. 22.1861. 115
.............................................$2,365-were eulogized in s o n g . ______________________________ __________________________________________________________ _______________
Total.
No. 780,
“
**
Dec. 3,1876. 50
R E C A P IT U L A T IO N OF C IT Y D EB T.
CER TIFIC ATES OF INDEBTEDNESS ISSUED U N D E R SP EC IAL L E G ISLA TIO N , viz: COMMITTEE OF W A Y 8 A N D MEANS TEM PO R AR Y BONDED D E B T OF T H E OLD W A T E R C OM PANY.
LO A N .
V IZ :
V JZ:
For Ylllard Reception. Rochester Cyclone, etc..................... ........................................
22
“ Portion of 7th St. “ Imorovement” assessment, returned to property-owners 32.000 oo
(Recognized by Special Legislation.)
City Bonds............................................. ................... $4,162,421 65
Issued January 9, 1869, due January 9, 1889,
“ Bridge over St. Paul Minneapolis A Manitoba R R . at Mississippi Street.. . 18,000 oo
178,635 00
Certificates o f Indebtedness.................................
bearing 8 per cent Interest per annum;
“ Oakland Street Improvement........................................................................................ "M S ? no
V IZ :
Committee o f W ays and Means Temporary
recognized by the City of St. Paul at the
“ Acker Street Im provem ent...........................................
..............................
o.ow w
Loans......................................................... ............
20,000 00
time of purchase ol the W ater Works, to
“ School District School bonds redeemed by annexation o f territory.............. i7,»w oo For sufferers by hail storm in Marshall County.. .$10,000 00
160,000 00
Bonded Debt o f the Old W ater Company........
be paid by the City of St. Paul when due,
“ Dakota Avenue Im provem ent...................................................................................... . Z>Xx2 X“
“ Purchase of real estate for Public P ound... 10,000 00
under an act of the Legislature, Approved
“ Approaches to Third street bridge over railroad tracks...................................... 4U,uw oo
Grand Total City Debt, April 30,1887.........$4,521,056 65
January 31st, 1887.............................................. $160,000 00
Total Temporary Loans, A pril30,1887. ...$20,000 00
Total Certificates of Indebtedness April 30,1887....... ...............
Payment o f which is principally provided for in tax levies o f years 1885 and 1886.
PR O PERTY V A L U A T IO N FOR T H E Y E A R , 1886.
T A X L E V Y IN FU L L, 1886.
INTER EST UPON BONDED D EB T.
Population, 2 2 ,3 0 0 , Census o f 1 870.
Assessed Valuation.
Cash Valuation.
VIZ:
Mills.
Per Cent.
Annual Interest
Real Estate___$68,539,570 00 Real Estate. .$180,000,000 00 State Purposes..........................................................................
Amounts.
Population, 4 1 ,49 3 , Census o f 1880.
............................... f l o u r “ . ....................................................... $17.240 00
Personal Prop. 15,584,481 00 Personal Est. Not Estimat’d County Purposes.................................. .............. ...................
$431,000 00.
.........Four and One-half................................................
425.000 00.
School (educational)...................................
O
’ow
Population, 111,397, Census o f 1885.
...................
. . . . . 102,580 00
Five
..
Total.......... $84,124,051 00
2,051,600 0 0 .
School (new buildings)........... .............................................. ¿.¡JJ
...................................Six
....................................................... 28,080 00
468.000 00.
N o t e .—The new assessed valuation o f the real and City Purposes........................................................................... ” 00
See estimates o f population for year 1887 under
iiiayof]
...........
___ . . . . . . . . . . .
36.658 76
523,606 65.
personal estate for the year 1887, will probably exceed
[v .v ."".v .‘. ” .v ...'.B i g w !.;;;.................................. ............... . 21,050 00 head o f “ R em arks.”
263.125 00.
Total on each dollar o f assessed valuation............... 17-50
$115,000,000, but will not oe fully known until August, 1887.
.$224,738 76
$4,162,421 65 On which the total interest is .
I n testim o n y whereof I have hereto set my hand and affixed the seal
____
'
50 00 Bounty Purposes...................................................................
$7,500 Alm s House and Hospital. ..............................
15,000 00 . 7,500
“
“
“
................................
100,000 00 Como Park (260 acres) .......................................................
Local Improvements, Revolving.....................................
100,000 00
< $23,125 00 Fire Department Real .Estate..................
73,125 00 { 50,000 00 **
“
“
“
................
18,500 00 W est 8t. Paul Annexation Debt A s s u m e d ................
40.000 00 New Market H ouse..............................................................
5,000 00 Fourth Street Bridge Approaches.................................
26.000 00 Lafayette Avenue Bridge Approaches.........................
$350,000 Purchase Water W orks.................................
150,000 Extension **
“
.................................
1,500,000 00
(
^^SeaJ. '
The foregoing statement I certify to be, to the best of my knowledge and belief, true and correct,
of the City of St. Paul, State of Minnesota, this 30th day of April, A. D. 1887.
J O H N W . R O C H E , City C o m p tro ller.
fH E CHRONICLE
1861, ’63, ’70jfaltT ^ efast » ^ e s s e ^ vMuatton (y e a r l^ ^ ) o fth erfea f and personal estate: within the city limits amounts to
1872. ’76
!*g 638 993 within the county, outside o f the city limits, making the grand total assessed valuation for the ity and county
’88,’90,’95,’97 aniou„ t to $90,763,044, which is conservatively estimated at 40 per cent o fth e cashivalue.
...
The new assessed valuation of real and personal estate for the year 1887, within the city limits, will probably exceed
1874............... |$115,000,000, and $ 7,000,000 within the county, outside of the city limits, will make the grand total.assessedvaluationTor city
j
land county amount to $122,000,000, but it will not be positively known until August next, while at the same O m e.it will
1897............... 1
1893............... 1
,
1903...............
1898..............1
.
1880 A 1890. 1
,
1916............... 1
1808............... 1
1899............... B o a r d o f Education asset», §1,200,000; Ramsey County assets, $500,000-total, $8,200,000.
.
. .
Deducting the city debt from the city assets, the balance will represent 2 032
cent i^emium upon t t e estimated mini1906...............
1907............... imum city assessed valuation of property, or 81&-1000 of 1 per cent premium upon the estimated cash value for the y^kr ioS?
a
1912............... 1fS1S v o r St th e propertyowner. But ¿s this percent premium Cannot be paid directly to the property owners, the great
Ibeneflt they derive from it ista the strength given to the city in her financial standing, which is the foundation of the
1913............... 1
1909............... i
1014............... 1
1915...............
1906............... !
1913...............
M
HUNT'S
MERCHANTS’
UPffkltj
REPRESENTING-
the
in d u s t r ia l
YOL. 44
and
MAGAZINE,
U iW iSpp**,
c o m m e r c ia l
in t e r e s t s
the
u n it e d
SATURDAY, MAY 28, 1887.
C O N T E N T S
THE CHRONICLE.
Railroad Earnings................... 670
Clearing House Returns..........665
The Financial Situation........... 666 Monetary and Commercial
English News........................ 671
Immigration and Immigrants. 668
Commercial and Miscellaneous
Debt Reduo:ion Ought Not to
Imports and Exports for April 670
'g h e
(Ih re rm e le .
CLEARING
HOUSE
RETURNS.
NO. 1,144.
W eek E nding M ay 21.
1887.
O irain ............ bushels.j
{P etroleum .............bbls. ]
W eek E n d ’g M ay 14.
P . Cent.
P. Cent.
1887.
504,324,822
H-45-3
653,138,194
+24-3
(1,991,080:
(888,400
(30,487,000
(22,628,000;
(1,116,987
(489,500
(37,908,000
(55,536,000!
(-f-78‘3)
(—81-0,
(—19-7
(—59-4!
(1.631,0951
(402,800
(50,804,800
(18,250,000!
(+26-9)
(—33-8)
(+17-8)
(—51*5)
107,931,010
4,914,300
1,638,828
1,221,448
820,376
946,096
993,879
697,980
76,789,894
4,405,500
1,350,608
1,121,360
1,137,618
845,525
811,939,
464,516
+39-0
+1PÖ
4-13-7
+8-8
—27-9
•9
1-3
C8
92,009,263
4,404,500
1,557,231
1,200,049
952,426
1,033,022
005,488
623,044
+25-9
+ 2-8
-8 -7
+12-8
+ 4-6
+25-4
+84-7
+ 5-7
118,330,412
86,928,071
+30-1
103,735,923
+23-5
64,182,722
10,962,310
13,634,655
52,101,593
8,003,080
11,241,019
3-2
54,129,054
0,160,462
11,991,437
+ 9-2
+27-4
4-11-2
88,779,717
71,340,592
+24-4
75,280,953
+11-5
58,606,439
11,862,250
8,705,287
4,103,682
1,887,974
3,070,448
2,238,740
1.177,198
3,554,084
3,631,909
2.728,768
4,629,703
511,988
732,475
3,280,221
47,857,091
9,303,650
3,220,406
2,852,959
1,088,945
2,090,018
1,657,369
774,821
1,590,051
2,607,721
1,511,338
2,8 U,740
394,180
465,128
1 2,471,005
77,801,317
+31-7
100,527,579
+32-2
17,642,828
1,562,792
6,067,538
5,580,148
8,782,600
1,070,276
800,343
539,780
15,348,382
911,685
5,333,050
4,019,430
0,590,278
1,231,647
932,004
618,252
15-0
+71-4
•13-8
88-8
33-3
+30-1
141
—12-7
17,942,238
1,678,749
0,478,252
5,133,523
8,262,053
1,683,512
829,519
581,209
+11-8
+107-7
—1-2
+34-9
Grand Rapids.
W ichita. .........
D uluth*.. . . . ..
Total W estern.
1886.
*
782,890,929
B oston.........
Providence ,
H a rtford ....
New Haven.
P o rtla n d ....
Worcester .,
Springfield..,
Lowell...........
For One Year (including postage)..................... ................ $10 20
.................................. .
6 10
For 81x Months
do.
European Subscription (Including postage)....................... 11 28
Annual subscription In London (Including postage)........ £2 7s.
........ £1 8s.
Six Mos.
do
do
do
Total New England...
Subscriptions will be continued until definitely ordered stopped. The
publishers cannot be responsible for remittances unless made by drafts Philadelphia.
Pittsburg......
or Post Oilioe Money Orders.
These pricee include the I n v e s t o r s ’ S u pplem ent , of 100 pages, B altim ore....
Issued onee in two months, and furnished without extra oharge to
Total Middle.
subscribers of the Chronicle .
A file cover is furnished at 50 cents; postage on the same is 18 Chicago............
Cincinnati. . . , .
cents. Volumes bound for subscribers at $1 00.
Milwaukee . ..
D etroit.......... ..
L o n d on A g e n ts:
Messrs E d w a r d s & S m i t h , 1 Drapers’ Gardens, E . C ., who w U l take Indianapolis..,
Cleveland........
subscriptions and advertisements and supply single copies of the paper Columbus......
at Is. each.
Peoria..............
Omaha............
WILLIAM B. DANA f W I L L I A M B , D AN A & C o., P u b lish er«,
Minneapolis ..
<
102 W illia m Street, NE W Y O K E .
Denver..............
JOHN O. FLOYD.
(
P o s t o f f i c e b o x 958.
St. Paul............
St. Louis.......
St. Joseph....
New Orleans.
Louisville . ..
Kansas City..
M em phis..«-.
G alveston ....
N orfolk...........
57,152,174
12,137,250
4,110,095
3,843,352
1,932,102
8,210,933
2,198,063
1,020,400
3,230,210
3,600,963
2,480,898
4,300,935
434,521
003,580
2,864,910
+25-2
4-34-9
a
•
7
0
3 7*3
■2J-8
-4
34-4
43-7
■
7
+103-4
+25-8
Î
4-55-2
+109-1
+14-7
4-52-8 ,
4-53-0
4-io-s
—53-1
—18-7
Total Southern..
42,652,365
34,985,328
+21-7
42,389,115
+17-8
San Francisco........
10,489,474
10,599,370
+55-8
10,300,014
+44-9
Total a l l ..............
1,101,613,902
785,985,500
+40-2
991,474,378
+23-9
Outside New York......... | 368,722,9731 281,660,678
+30-9
338,336,184
+23*1
* Not Included in totals.
The returns of exchanges for the five days as received by
telegraph exhibit a pretty considerable decrease from the like
period of the previous week. The greater portion of the
decline, however, is at New York, and results mainly from
the smaller stock operations. Our usual estimate for the full
week ending May 28, based on these telegraphic returns, has
been prepared, and, as will be seen below, it indicates a gain
over the week of last year of about 11-3 per cent.
R etu rn s by Telegraph.
W eek Ending M ay 28.
1887.
1886.
$
502,050,427
(1,151,720)
71,165,800
48,165,888
10,128,450
43,899,000
14,725,347
4,700,704
$
495,494,382
(1,555,409)
00,857,058
38,523,435
8,720,522
36,033,000
13,268,150
4,802,406
Total, 5 days. ..,
Estimated 1 d a y ...
691,843,073
153,267,102
Total full w eek..
Balance Country*.. .
Boston........................
Philadelphia...................
Baltimore.........................
Chicago.............................
St. Louis...........................
New Or'eans.................... .
Total week, all..
1887.
P . Cent.
+16-9
+25-0
+10-1
+24-3
+11-0
—2-1
«
608,008,875
+44-5
(1,772,445) (+115-4)
91,486,891
+43*4
53,630,205
+21-1
11,939,256
+25-5
48,932,702
+22-2
14,707,114
+12-8
5,283,611
+19-3
058,605,548
125,465,801
+ 5-8
+22-2
834,008,714
130,216,017
+40-0
+81-4
850,111,075
08,764,487
784,071,849
68,755,058
+ 8 -4 1,000,284,731
+43-7| 101,882,416
+40-4
+89-4
948,875,562
852,820,407
+11-8 1,101,107,147
+40-2
+ 1-3
0
«D
New Y o r k .......................
Sales o f Stock (.shares)...
W eek E n d ’g M ay 21.
P. Cent.
1
Bank exchanges for the week ended May 21 aggregate
$1,101,613,902, and exhibit an excess over the previous week of
$110,139,524. This improvement is shared in by all the leading
cities except St. Louis; thirteen other less important points»
however, show losses from last week, but they are, as a rule,
quite small. On the other hand, at Boston the clearings are
in excess of those reported for the week ended May 7, which
were the heaviest recorded up to that time, and further, the
increase over last week (some fourteen and a quarter mil
lions) was not due to any increased activity in the Boston
stock market.
So far as percentage of increase, compared with the corres
ponding period of 1886, is concerned, the present statement
is the most favorable since the opening of the year. There are
only three cities which record any falling off, and two of these
(Galveston and Norfolk) are in the Southern section. Many
cities, moreover, exhibit very important gains over a year ago,
notably Omaha, 123-5 per cent; Denver, 80 6; Indianapolis,
73-4; St. Joseph, 71*4, and St. Paul, 61-2 per cent.
Mercantile failures for the week, as reported to Messrs. R.
G. Dun & Co., reached a total of 180 (of which 152 in the
Umted States and 28 in Canada), against 167 in the preceding
week and 167 for the same period of last year. In the accom
panying review it is remarked that failures in the South are
very light, and in the other sections of the country are perhaps
below the average, except in the Pacific States and Canada,
where casualties are on the increase.
Dealings on the New York Stock Exchange increased during
e marketvalue of the share transactions being
$120,684,000, against $73,570,000 for the week of 1886. Pursumg our usual method of deducting two-and-a-half times these
values from the clearings at New York, we have $431,180,929
representing the exchanges arising through other operations
states.
this year, against $320,399,822 last year, or a gain of 34-6 per
cent.
New York....................
(Stocks ................ shares.)
( C o t t o n ............ hales.)
Term* of Subscription—Payable in Advance :
op
For the full week, based on last week’s returns.
THE CHRONICLE.
666
THE FIN ANCIAL SITUATION.
Money on call, represented by bankers’ balances, has
loaned this week at 8 and
per cent, with very small
transactions at either extreme, the average being at about
5 per cent, at which figures banks and trust companies
have been lenders. The feature of the week is a good
deman cl for loans at 5" pef cent bid on first-class collateral
for eight and nine months, and a light inquiry for accom
modation for shorter periods. It is also noticeable that
lenders generally decline to;m$ke loans for the, long dates
on any but the best security, as they can readily place their
funds at the above figure and do not care to run thq risk of
a less acceptable collateral. W e hear, however, of some
money brokers offering 7 to 8 months money on good mixed
collateral at 6 per cent. And we also hear of banks in the
paper market again to get short date paper, the demand
being for 60 to 90 day endorsed bills receivable, and as
a consequence they are now quoted at 4|@5£ per cent,
and four months acceptances are 5@5|- per cent. A
belief prevails to some extent that when the wheat speculation at Chicago culminates, which it is supposed will
happen by the first of July, there will be a vast amount
of funds released that will flow this way. That expecta.
tion seems to be based on the idea that the stock now
held is to be marketed, for otherwise it could be only the
difference in price that would be released; besides, it is
hardly probable with the varied speculation and business
activity now prevailing in the West that the demand for
funds will materially fall off. Our banks are now receiv
ing money in considerable amounts, but generally from
the East and North and nearby sources.
The cable reports discounts of 60 day to 3 months
bank bills in London £ of 1 per cent and no change since
last week in the rates at the chief continental centres.
That the ministerial crisis in France has been viewed with
comparative unconcern in financial circles may be inferred
from the fact that exchange at Paris on London has
fallen to 25 francs 20 centimes. Still it may be said that
no event short of war itself is likely to disturb Europe
much now, it has been frightened so very many times by
false reports and hostile appearances during the last two
or three years. As we write there seems to have been as
yejb no success in the efforts making to form a new minis,
try. The Bank of England reports a gain of £207,000
bullion this week, which we learn by private cable
to us was made up by an import in part from
Egypt of £106,000, by receipts from the interior of Great
Britain of £151,000, and by export to Lisbon of £50,000.
The Banks of France and Germany also both report gains
in, gold, the former of £151,000 and the latter of about
£396,000. Our bank statement of foreign banks at the
close of this article shows that the gold holdings in
Europe, according to the latest returns, were £204,654; 520, against £203,490,338 the previous week.
The foreign exchange market was dull and steady
early in the week, and although rates were advanced half
a cent per pound sterling on Monday, the market did net
respond. On Wednesday the tone was a shade easier
and on Thursday a reduction was made of a half cent
in the highest nominal quotations, due to the free offerings
of bills. London has taken some stocks through the
week. W e notice also the announcement this week of the
placing in London on Saturday last of a 3 million loan of
the Mobile & Birmingham Railroad. This latter trans.
action has undoubtedly helped to depress exchange the
last few days. So far as our foreign trade 4is concerned;
the situation of the market continues very unfavorable.
Mr. Switzler, of the Bureau of Statistics, has this week
[VOL. XL1V,
issued the trade statement for April, and we give it below
with the previous months of this and last year.
FOREIGN TRADE MOVEMENT OF THE UNITED STATES—(O
OOs Omitted.)
Go l d .
M e r c h a n d is e .
T ear.
1880.
J an . . . . .
F e b ..;..
M arch..
A p r il...
E xcete
Im
E xp orts. Im port». o f E x
port*.
port».
$
57,988
51.905
53.093
54.017
Si l v e r .
E xcess
E x
E x
of
ports.
ports.
Im ports.
E xcess
Im
of E x
ports.
p ort».
>
2.582
5.054
9,921
4,812
t
+870
+4,668
+9,081
+4,461
$
2,907
2,001
2,343
i;S24
t
1,028
1,147
1,760
1,198
«
1.884
854
585
693
T o t a l.. 2 1 7 ,0 0 3 2 2 1 .5 0 6 *3,903
1887.
J an ....... 71.534 51.951 19.583
54,777 59.150 *4,379
Feb.......
M arch.. 65.319 62,942 2,377
April . . . 4 7.563 03.537 *15974
3,833 22,9 6 9 + 19,080
9,077
5,058
4,019
2,907
+ 1,533
+1,867
+1,165
1,915
2,351
1,034
2,647
1,194
1,332
1,218
1,417
721
1,0 1 9
436
1,239
1,007
4.667 l 0.245 l +1,058
8,507
5,161
3,406
t
47.415
50.087
00,038
5 7.306
T o t a l.. 2 3 0 .1 9 3 2 3 7 .5 8 6
* Excess of imports.
1
10,573
*4,782
*0,345
*3,349
$
1,700
986
840
351
3,536
144
578
826
629
1,677
2,445
1.494
t Excess of exports.
These figures bring out conspicuously the fact that it
must have been European borrowings that have con
trolled our exchange market since the first of January *
It will be remembered that the usual rise began the latter
part of December and on the 11th of January sight was
quoted at 4-87, on the 24th it had risen to 4-88£ and on
the last day of January it touched 4.-89; continuing at
that point all through February, except from the 14th to
the 23d when it ruled at 4-89£.
This we say was usual
and natural, being concurrent with our decreasing exports
and anticipatory of an adverse trade balance. But when
the adverse balance was actually an existing condition the
course of foreign exchange was reversed, and ever since
March came in, the rates have been lower than in F eb
ruary and all the time unsettled, the market this month
being more demoralized than ever, and yet we now
see that the April merchandise balance was close on to
16 million dollars against us, and that the May trade is
also running against us, though the presumption is, not so
largely as in April. A ll this shows that the unseen and
unknown influences operating on the exchange market
have, of late, been very extensive. Even admitting that
the item for undervaluation of imports has been lessened
through late efforts in that direction by the Govern,
ment, still there must be a large sum above
the trade result due each month from the United
States to Europe for interest, freights, etc., and
adding that to the 16 millions due in April and
to the millions due for May we have quite a formidable
amount to be balanced by securities sold or temporary
loans effected in London. As to securities sold we are
persuaded that the amount going out is all the time now
much larger than reported. W e notice in the admirable
report issued this week in pamphlet form, by the Union
Pacific Railroad, a list of stockholders is given in 1885and 1886, which shows that during 1886 Europe increased
its holdings of that stock over 65,000 shares. Estimating
the average value of the shares at 60, that single item
must have furnished about 4 millions of European money
during last year, with which to pay that year’s debt.
A feature in the situation which we have often referred
to but which is daily becoming more prominent and
important, is the land speculation in the West and South
west. It is following in the wake of the new railroad
building and encouraged by the large immigration present
and prospective, the sinews of war being provided by
bond issues for local improvements, by mortgages on
advancing town lots, and by other paper devices for raising
money among which land improvement companies figure
conspicuously. W e see it reported this week that the
Topeka Land & Development Co. which was put on the
market at Boston a few days since met such an eager
appetite for investment that four-fifths of its stock was
(
Ma t
28, 1887.J
THE CHRONICLE.
taken at once. W e know nothing against the enterprise
covered by that organization but accept the stock as being
good to-day and sure to be higher to-morrow. That has been
the course of its predecessors, launched on the same mar
ket, until ventures of that nature at Boston and ale
associations in London are about equally exhilarating.
But to get the fever at its height, it is said that one must
b on the ground. In Kansas it is stated that the specu
lation keeps full abreast of the railroad surveys for routes,
and as there is to be no lack of railroads in that State
hereafter, there is hardly a square mile that has not its
town lots for sale.
W e only refer to these facts as a fea
ture of the times. It all looks a little fast to a conserva
tive mind. But if one does not make too deep a venture
and can wait, the country is pretty sure to grow up to
such ideas, even though they be not realized at once, and
in the meantime the experience is worth something.
W e notice that the receiver of the Texas & Pacific Rail,
way Company has filed a petition in the United States
Circuit Court for instructions as to his action under the
fourth section of the Inter-State Commerce law. This
petition will, we presume, only result in the court’s author
izing the receiver to act on his own interpretation of the
law, the same as every railroad not in the hands of the
oourt must act. Or even if the court should give an
opinion as to the meaning of the section, it would only be
an opinion of a Circuit Judge, for no appeal would lie in
such a proceeding. The application suggests therefore
whether it is not possible for the people or for the rail
roads immediately to start proceedings, and for the Com
mission to encourage the same so far as it can, through
which the Court’s interpretation of the section in ques
tion can be obtained. The present situation is certainly
unfortunate for the railroads, for the Commission and for
commerce;— for the railroads because they may act with
the utmost good faith and yet make themselves liable in
damages; for the Commission because they are as much in
the fog as anyone as to their right to make permanent
their temporary suspensions; for commerce because uncer
tainty in rates unsettles prices and therefore unsettles busi*
ness. Hence it is of all things desirable that the true
meaning of this vague law should be known, and such con
struction as the Court gives it, be applied to the roads as
soon as it can be, so that its wisdom can be tested and the
people can determine whether they want it or not. There
is not a doubt but that the law was passed under a belief
that every one was being discriminated against by and in
the interest of the railroads through the action of this
long and short haul principle ; and if the true intent of
the statute is to abolish that method and to allow its appli
cation only in very exceptional cases, the quicker the new
system is applied and commerce is made to conform to it,
the quicker we will learn its effect and know whether the
people want it. Besides, as stated, almost anything is bet
ter than uncertainty and to hasten the Court’s interpreta'
tion of it seems therefore everyway desirable.
As concerns the general trade situation, there has been
a distinct improvement of tone during the last week
or ten days. The volume of trade has all along been large.
Railroad earnings and bank clearings are the evidence of
this. But profits have not been altogether satisfactory,
and there was considerable doubt and uncertainty as to
the future, which was clearly reflected in the hesitancy
with which new engagements were entered upon, and also
iu a weakening of prices in some departments. Now,
however, a more confident feeling seems again to prevail;
trade is gradually adjusting itself to the changes required
by the Inter-State law, while the active speculation in land
and land stocks, referred to above, and the profits
3
667
resulting from such speculations, are causing people to
spend money freely, so that consumption is fully main
tained. The large immigration movement is another
feature tending in the same direction. In the dry goods
trade a fair amount of business is doing. The situation
as regards woolen manufactures is hardly satisfactory,
but the cotton goods manufacturers are doing well and
of course the advance in the cost of the raw material tends
to keep prices up. The anthracite coal trade is reported
to be getting into very good shape, aided by the restric
tion of production and a better demand, while bituminous
coal is in active request all over the country. Most notice
able, however, is the change in the iron trade. This had
for many weeks been in a very unsettled and demoralized
state.
Now all
at
once from
many different
sections of the country come reports of a marked
alteration of the aspect. Accounts are uniformly bet
ter. A s yet the demand is chiefly for small lots,
large buyers still holding off, but the inquiries are
very numerous and this leads manufacturers to believe
that, as soon as the idea of possible lower prices is dispelled,
orders will come in in large numbers. A very forcible
illustration of the difficulties besetting the conduct of
affairs in many branches of trade is offered by the circum
stance that while the coke workers in the Connellsville
region are out on strike for higher wages, the furnace men
have made a demand for lower prices for coke, claiming
that present prices of iron do not warrant their paying
existing figures. In the matter of the crops, rains have
relieved the sections previously suffering from drought»
and the outlook for wheat is now satisfactory. The con
dition and prospects of corn are better than ever before
known at this season.
There is no change in the character of the reports of
railroad earnings. Both gross and net continue of the
same favorable tenor as heretofore. The Pennsylvania
this week reports only a slight gain in net for April, after
an equally small gain the previous year, but heavy expenses
explain the matter. Gross earnings have increased very
largely— as compared with 1886, $480,217, and as com
pared with 1885, $637,944. The following shows results
for a series o f years past.
L in e s B a s t of
PiTTSBUHO.
1887.
1880.
1886.
1884.
1883.
1882.
A p ril.
Gross earnings.......
Operat’g expenses.
$
t
$
«
$
3
4,342,834 8,802,017 3,704,800 4,150,309 4,001,750 8,855,850
2,091,051 2,541,753 2,431,042 2,401,353 2,503,910 2,530,539
Net earnings...
Western lines.........
1,350,883 1,320,804 1,272,048 1,091,450 1,407,831 1,319,311
+87,570
+88,501
—45,895 +43,019 +124,382
+19,557
R esu lt...............
1,433,459
1,359,455 1,327,053
1,737,475 1,592,213
1,338,868
Jan. 1 to A p ril 30.
Gross earnings....... 10,593,826 14,735,483 13,893,480 15,169,902 15,892,702 14,448,214
Operat’g expenses. 11,212,405 9,889,094 0,438,366 9,770,180 10,101,092 9,550,214
Net earnings...
Western lines.........
Result.................
5,381,331 4,845,789 4,255,120 5,380,722 5,731,010 4,889,000
+023,000 —129,879 -878,090 —300,201 +401,022
+7,271
0,004,931 4,715,910
3,877,030 5.080,431 0,132,032 4,800,271
Thus the gross is decidedly the largest for that month
of any of the years given, but the net is over $300,000
below that of either 1884 or 1881, because of the heavy
augmentation in expenses. There has been some increase
in the cost of fuel, material, supplies and labor, but a very
large part no doubt of the addition to the expense account
is to be ascribed to a desire on the part of the Pennsylvania managers to perfect their road and track and place
it in effective condition to meet the ever-increasing require
ments of competition. If, however, the April net has
increased but slightly, that for the four months shows con
siderable improvement on both the Eastern and Western
lines. Taking the system entire the total is $1,289,021
greater than in 1886, and $2,127,901 greater than in
1885, when results were at their lowest.
THE CHRONICLE.
668
The stock market continues firm in tone, and with rail
road earnings g o o d ,‘bank clearings large, and the crop
situation favorable, it is natural that it should. Specu
lation, however, is very limited, and there is no visible
increase in outside orders, so that on the whole brokers
complain of slack business.
In some quarters it is
claimed that this absence of outside orders is attributable
to speculations in other fields than stocks, and there is
considerable truth in the assertion. In the case of the
specialties it is a comparatively easy matter to advance
quotations, particularly where the amount of Btock out
standing is small, and in this class of securities some very
sharp gains are being made all the time. W e may refer
in illustration to just a few that occurred this week.
Thus
St. Paul & Duluth stood at 69 a week
ago; yesterday it closed at 88§.
In the same
time St. Louis & San Francisco has advanced from
39 to 43¿, and St. Louis Alton & Terre Haute from 39 to
44, the latter falling back to 42. Meanwhile, the gen
eral list remains dull, and yet even here there is a steady
appreciation in values going on— so slow as to be almost
imperceptible, but which, when extended over a consid
erable period of time, makes a respectable aggregate. It
was in January and February that stocks touched their
lowest. W e may note that since then Northwest has
risen from 110 to 124, Lake Shore from 90 to 97, St.
Paul from 86 to 93, Rock Island from 125 to 138, Bur
lington & Quincy from 137 to 149, St. Paul & Omaha
common from 46 to 53 and preferred from 106 to 117.
Another way to indicate the course of the market is to
see how many stocks reached their highest point in the
current month. Of 113 stocks in our range of prices
since January 1, oh another page, we find that 24 reached
the best figures in January, only 4 in February and 2 in
March, but 29 in April and 54 in May. Thus the tend
ency has been distinctly upward, and in this there
is compensation for the small volume of business
done.
The following statement made up from returns collected
by us shows the week’s receipts and shipments of gold
and currency by the New York banks.
W eek ending M ay 27,1887.
Currancy.
Gold.........
Total gold and legal tenders.
Received by
Shipped by
N . Y . Banks. N . Y . Banks.
N et In terio r
M ovem ent.
$1,728,000
$425,000
Gain. .$1,303,000
$1,728,000
$425,000
G ain..$1,303,000
The above shows the actual changes in the bank hold
ings of gold and currency caused by this movement to and
from the interior. In addition to that movement the banks
have lost $2,000,000 through the operations of the Sub.
Treasury.
Adding that item to the above, we have
the following, which should indicate the total loss to
the New Y ork Clearing House banks of gold and cur
rency for the week covered by the statement to be
issued to-day.
Out o f Banks. N et Change in
B ank Holdings.
W eek ending M ay 27,1887.
I n to Banks.
Banks’ Interior Movement, as above
Sub-Treasury operations......... .........
$1,728,000
3,300,000
$425,000
5,300,000
Gain..$1,303,000
L oss.. 2,000,000
Total gold and legal tend ers. . . .
$5,028,000
$5,725,000
LOSS.. $697,000
The Bank of England gained £207,000 bullion during the
week. This represents £56,000 net received from abroad
and £151,000 from the interior. The Bank of France re.
ports an increase of 3,775,000 francs gold and of 2,000,000
francs silver, and the Bank of Germany, since the last
return, has gained 14,940,000 marks.
The following in
dicates the amount of bullion in the principal European
bank? this week and at the corresponding date last
year.
[VOL. x u v .
M a y 26,1887.
B anks o f
Silver.
Gold.
£
England.......... 23,660,270
France............. 48,058,983
Germany* . . . . 21,231,800
6.758.000
Au st.-H ung’y
4,000,000
Netherlands..
2.509.000
Nat.Belgium*
7.001.000
National Italy
£
46,013,267
18,828,200
14,161,000
8.258.000
1.255.000
1.118.000
M ay 27,1886.
Total.
Gold.
£
23,660,270
94,970,250
40.060.000
20.914.000
13.158.000
8.764.000
8.119.000
Silver.
Total.
£
19,672,164
55,682,410
18,890,790
6,882,000
6.255.000
2.399.000
7.205.000
£
£
19,672,164
100,963,878
35.643.000
19.765.000
14.425.000
3.598.000
8.451.000
45,281,468
16,752,210
13,383,000
8.170.000
1.199.000
1.246.000
Tot. this week 114,121,053 00,533,467 204,654,520 116,486,364 86,031,678 202,518,042
Tot. prev.w’k. 113,400,039 90,081,209 203,490,338 115,954,709 85,750,310 201,705,019
*The division (between gold and sliver) given In our table of coin and
bullion in the Bank of Germany and the Bank of Belgium Is made from
the best estimate we are able to obtain; in neither case is it claimed to b e
accurate, as those banks make no distinction in their weekly report,
merely reporting the total gold and silver; but we believe the division
we make is a close approximation.
N o t e .— We receive the above results weekly by cable, and while
not all of the date given at the head of the column, they are the
returns issued nearest to that date—that is, the latest reported figures.
The Assay Office paid $121,786 through the SubTreasury for domestic bullion and $345,838 for foreign bul
lion (Spanish doubloons) during the week, and the As
sistant Treasurer received the following from the Custom
House.
Consisting of—
Date.
Duties.
Gold.
May 20.
“ 21.
“ 23.
“ 24.
“ 25
« 26.
Total.
37
15
60
12
08
84
$6,000
2,500
2,000
7,000
5,000
5,000
$2,596,421 16
$27,500
$472,986
272,056
495,454
477,431
510,667
367,825
U. S.
Notes.
Gold
Certifie'8.
Silver Cer
tificates.
$338,000
194,000
380,000
327,000
372,000
251,000
$73,000
34,000
54,000
83,000
85,000
63,000
$309,000 $1,862,000
$392,000
$52,000
41,000
59,000
59,000
50,000
48,000
Included in the above payments were
coin, chiefly standard dollars.
r,000 in silver
IM M IGRATION A N D IMMIGRANTS.
The statistics show a very great increase in the rate of
immigration during recent months, and the facts supplied
by the daily newspapers indicate that the movement is
still gathering volume and momentum. A glance at any
passenger steamship from Europe as it passes up the har
bor, brings out in a startling way to those who are not
accustomed to the sight, the magnitude of the tide of
population that is rolling in upon us. Her decks are
crowded with men and their families, who have abandoned
their homes beyond the sea to become— more or less—
American citizens, and at any late to seek their fortune
here. Colonies of healthy-looking Germans, of sturdy
Swedes, of squalid Italians, troop into Castle Garden quar
ters, and are dispersed in a few hours, to make room for
others from the British Isles.
It is an interesting fact that the immigration movement
keeps even pace with the growth of the country. Hardly
has the first symptom of returning prosperity been noted
by the most observant eye when it appears that the human
tide from beyond the sea is also rising. The first check
of hard times is almost as quickly followed by a diminu
tion of the flow of population. It has always been so. The
immigration in 1838 was less than one-half that of 1837;
that of 1858 was less than one-half that of 1857. The
outbreak of the civil war in 1861 caused a great dimi
nution of the flow, for while the average num
ber of alien passengers in the three years ended
with 1860 was 132,000, the average of the first two years
of the war was only 92,000. The war over, the number
gradually swelled until in the three years ended June 30,
1873, the annual average was 412,000 ; in the three years
following the panic the average was but 254,000. Again,
in the three years ended June 30, 1879, the average was
but 175,000 ; in the three succeeding years it was almost
630,000. From 1882 until 1886 the number has declined
without interruption until the present year.
THE CHRONICLE.
Ma t 28, 1887.J
This coincidence of immigration with the national growth
appears in another way. Jnet as in oar periods of hard times
the volume of business never sinks to the level of the last
preceding season of dulness, so both the great waves of
immigration and the diminished flow in the intermediate
periods show a constant tendency to increase. For exam
ple, the average immigration of the last four years was
larger than that of any selected four years from 1873 to
1879 ; the average of these years was greater than that of
the war period, and so on back. Furthermore, the follow
ing short table shows how the gross immigration keeps
pace with the growth of population.
Year.
1840.....................
1800.....................
1800.....................
1870.....................
1880.....................
Population.
17,009,458
83,191,870
31,443,381
38,558,371
00,155,783
Im m igration,
10 Years.
1,703,851
8,590,707
2,820,872*
3,005,900
S,3O9,880t
Y ear.
P op ula tion.
1800.
I860.
1870..
1860..
1886..
v luv/umo. a loviuue w lOUO tUo tHtHblUbUb 18 Ior caienaar years, t Net immigration, 0 years. Previous figures are those of
alien passengers arrived. J Estimated.
669
out of which desirable American citizens can ever be
made. Railroad men may want the Italians to use the
spade; factory owners may be glad of French-Canadian
helpers; but the country as a whole is not benefitted by
the presence of either.
The other fact is that almost every danger to the organ
ization of society peculiar to the present time finds its
origin and chief support among those who have taken
advantage of the excessively 4 liberal policy of this
country toward aliens only to injure or destroy the
country which gives them undeserved hospitality. Social
ism and anarchy are the worst evils that have come
upon us from abroad; and although, from the very nature
of things, and from the instinct of self-preservation which
every community has, it must be a short-lived danger,
yet it is serious while it lasts, But it is not the only
annoyance which the foreign-born population has brought
upon us. W e need only refer to the extremely bad taste,
to put it very mildly, of the agitation in this country on
the subject of the relations between the Irish people and
the Government of Great Britain— an agitation which, in
its basest form, has made the United States the plotting
ground of murderous dynamite outrages. To our large
foreign population also, we are sorry to say, is chiefly due
the evil which is popularly known as the saloon in politics.
Naturally and inevitably the pauper and the criminal classes
contain a large proportion of aliens, because families emi
grate hither on account of poverty, and because bad men
escape the penalty o f their offences by coming here where
they are not known.
Roughly speaking, immigration supplied 28 per cent of
the increase between 1840 and 1850; 31 per cent in the
next decade; 33 per cent in the third; 26 in the fourth;
and 30 per cent of the growth of the last six years.
This last fact is one that deserves particular study by
economists and statesmen, for it is one of great signifi
cance. It indicates that the proportion of foreign-born
population which the country is making a constant effort
to digest does not diminish. It was 13-2 per cent in 1860,
13*3 per cent in 1880, and at the present moment must
be larger still. Now, in spite of the wide prevalence in
W e are aware that this is only one side of the question.
this country of the notion that an increase of population
Very much may be said of the benefit the country has
is an infallible proof of the prosperity of a community,
we venture to think that the time is coming, if it has not derived from immigration, and we admit it all. It may
be urged, truly, that unless the policy of encouraging it
already arrived, when the national policy should be some
had been pursued, the development of America and its
what modified in reference to immigration.
If messieurs
the politicians would not accuse us of meditating a fresh growth in wealth and power would have been less rapid.
It may even be conceded that most unpromising alien ma
Know-Nothing crusade, we do not know but we should add
that more strictness is also needed— if not a change in the terial has been successfully absorbed in the population.
law— with regard to naturalization.
N o radical measures But the indications are unmistakable that in two particu
are called for, or suggested, and none would be tolerated. lars at least— in the introduction of men of brutish
Nevertheless, there is such a thing as carrying to excess character from the South of Europe, to be merely
the practice of an abstract principle; and when any prin unskilled laborers on public works, and in the
dp.e of national policy begins to work badly it is not only coming of Socialist leaders and their disciples from
permissible, but obligatory upon those who do the origina- more northern countries— immigration now threatens to
thinkmg and planning for the country, to consider anew become far more potent for evil than for good. How it can
be controlled, by what process the desirable may be
the reasonableness of the principle itself.
Does then the system of free and increasing immigra allowed to come in, and the undesirable be kept out, what
ti<m, and of speedy and easy naturalization, work well or further test it may be well to impose upon those who offer
adly ? It results in opening the territory more rapidly to become citizens— these are all questions which it would
than would be possible if the population were not swelled be premature to discuss. It will be time to consider them
by acquisition from abroad. It keeps the labor market when there is evidence of a popular conviction that there
well supplied. Both of these are advantages-not un- is an evil demanding a remedy.
mixed, however. For the national domain, that once
seemed boundless and inexhaustible, has dwindled to easily DEBT REDU CTION OUGHT N O T TO CEASE.
measurable dimensions, and the present duty is rather to
The calling in last Friday by the Secretary of the
husband what is left than to urge men to come in and
Treasury of the remaining three per cent bonds outstand
occupy it. And, so far as the labor market is concerned
ing marks an interesting point in our national finances
one must consider the effect upon the earnings of the
and in the progress of debt reduction. In a general way
arier comers of introducing so many laborers of a low
most persons know that the Government debt has been
!'
u the ° ther hand> we cannot stmt our eyes to and is being steadily and largely diminished, but one is
tion 3 i 61 hT an imP°rtant f a r in g «Pon this ques- apt to forget the magnitude of the payments. The event
at thA ^ Cy -Til0 fir8t ÍS that the average immigration mentioned directs attention anew to the matter, and
at the present time is of distinctly inferior quality to that
makes interesting a review of the work accomplished.
d r Z / ° r rr r N°rthern EuroPe tas not been so
Since the close of the war the amount of debt outstand
dina •
yet that the arrivals from Germany and Scan. ing has decreased over one and a half thousand million
fromV
Italve
°f * 1 > ^
<W
But the sessions dollars, the total now being only a trifle over 40 per cent
fav n o S
? r
th6 Fre“ ch Portions of Canada, to of what it was when at its highest. That was on the 31st
7 nothing Of other parts of the world, are not of a class
August, 1865, the debt then, less cash in the treasury;
670
THE CHRONICLE.
[VOL. XL1V,
amounting to $2,756,431,571. Since that date the decline idea of a permanent debt would not for a moment be tol
has been uninterrupted, not a single year having passed erated. But there is a practical agreement among all classes
without some decrease, large or small. W hat it will be that we should proceed more slowly in the future. W hen
on the 1st of July— the close of the current fiscal year— the debt amounted to 2 f thousand million dollars, and the
it is too early yet to say in exact figures, though of course annual interest charge was 151 millions, there was good
a pretty close estimate can be formed. Oa the 1st May, reason for a system of redemption and refunding which
according to the monthly statement, the debt wa3 $1,305,- would make the load more manageable, so our people bore
170,459. From this, however, there must be deducted the burden of heavy taxation required cheerfully. Now,
the debt of the Pacific Railroads, not counted in the however, the situation is changed. The debt has been re
exhibits of previous administrations, and also the amount duced to a moderate figure, and there is no need for haste
of the fractional silver coin which though unavailable as in getting rid of the remainder. Besides such a policy
a working balance is yet an offset to the debt and liabil even if it were wise is not at present practicable, the
ities outstanding; besides this, the amount of accrued Government having no option on the remainder of the
interest on the debt must be taken out, this not having boncls, and paying them off by purchase in the open mar
been considered in former periods. The total of these ket at a constantly advancing premium would for obvious
three items is $100,626,127, and deducting it the debt reasons be objectionable, and very unpopular except as a
on the 1st of May, made up on the same basis as the figures temporary expedient.
And yet teyond a doubt to suspend redemption wholly
on the 31st of August, 1865, would be $1,204,544,332.
This total embraces $28,079,950 of threes, which have would prove most unacceptable ; the people much prefer
now all been called. It is no exaggeration therefore to to see the debt diminishing. The idea of permanency is, as
say that after the 1st July the total will be down to 1,180 already stated, out of the question ; leaving the bonds in
millions, and by the 31st of August it is not unlikely that their present shape to be met as they mature only makes
the amount will approximate 1,156 millions, at which extension then a.necessity. W e have all the machinery for
figure it would stand just 1,600 millions less than on the payment in working order now, and to so reduce taxation as
to throw it into disuse would be very unfortunate. Is not,
same day in 1865.
therefore, a refunding scheme a most pressing need which
Sixteen hundred millions is a large amount for a nation
to pay in a period of twenty-two years, and it is a record awaits the meeting of Congress. It will be easy to
of which we may well express satisfaction. It represents devise one which will be acceptable to the bondholders»
an average of 73 millions taxes per year paid for this pur. and one that will give the Government the option to draw
pose alone. In some of the years, of course, the reduction a certain amount by lot to pay each year. The redemp
was much larger than this, that for 1882 being over 144 tions need not be large— say thirty millions, or even less
millions, that for 1883 over 136 millions, while the amount — but enough to know that we are annually decreasing
for the current year will exceed, in all probability, a the debt, and to be able to feel that in a fixed period the
hundred millions. Equally striking is the record as to United States can say for a third time that it has substan.
the annual interest charge on the debt. This is now tially paid off its public indebtedness. That is an object
considerably less than one-third of what it was in 1865. well worth working for.
Through successive refunding operations the rate of inter
IM PO R T S A N D E X P O R T S FO R A P R I L .
est has of course been greatly reduced, till in 1882 it was
The Bureau of Statistics has issued its detailed statement of
only three per cent, and there are now no bonds out bear
the foreign commerce of the country for the month of April
ing more than 4£ per cent. This reduction in interest
and the ten and twelve months ended with April 30, 1887>
rates,1combined with the reduction in the principal of ss well as comparisons for the corresponding periods of the
the debt, has so far diminished the annual charge preceding year, as follows :
MERCHANDISE.
that as against $150,977,697 per annum on August 31>
1865, the amount on the 1st of July, after the last of the
For the
For the 1 0
For the 1 2
month o f months ended Months ended
threes have been retired, will be only $41,189,010 per
Apr. 3 0 .
Apr. 3 0 .
April.
year. In other words, the interest burden now is almost 1 8 8 7 . Exports—Domestic....... $ 4 6 ,0 2 9 ,6 7 2 $ 6 1 3 ,8 9 8 ,7 6 8 $ 7 2 1 ,2 6 7 ,9 4 1
1 1 ,0 8 7 ,4 0 5
1 3 ,7 2 6 ,0 9 2
1 ,5 3 3 ,3 7 1
Foreign........
110 millions a year less than it was at the end of the war.
$ 4 7 ,5 6 3 ,0 4 3 $ 6 2 4 ,9 8 6 ,1 7 3 $ 7 3 4 ,9 9 4 ,0 3 ^
Imports.......................... 6 3 ,5 3 7 ,0 1 8 5 7 2 ,4 2 5 ,9 1 4 6 7 9 ,5 0 9 ,6 5 6
There is another point to be noted. The interest-bearing
$ 5 2 ,5 6 0 ,2 5 9 $ 5 5 ,4 8 4 ,3 7 7
Excess of exports over imports
debt is now down to almost exactly a thousand million Exoess of imports over exports 1 5 ,9 7 3 ,9 7 5
$ 5 2 ,8 9 9 ,8 9 5 $ 5 5 8 ,5 9 5 ,3 5 6 $ 6 5 3 ,2 7 9 ,7 2 1
dollars (or rather it will be after the 1st of July), and 1 8 8 6 .— Exports—Domestio....... 1 ,1 1 7 ,4 5 3 1 0 ,9 2 1 ,6 1 4 1 3 * 7 3 2 ,1 4 7
Foreign........
consists of $250,000,000 4£s, $737,975,250 4s, and
$ 5 4 ,0 1 7 ,3 4 8 $ 5 6 9 ,5 1 6 ,9 7 0 $ 6 6 7 ,0 1 1 ,8 6 8
5 7 ,3 6 6 ,2 2 6 5 2 8 ,3 5 2 ,3 9 4 6 2 3 ,3 4 9 ,9 9 6
$14,000,000 pension 3s— the Pacific Railroad 6s not being Exoess of exports over imports
$ 4 1 ,1 6 4 ,5 7 6 $ 4 3 ,6 6 1 ,8 7 2
regarded, because the companies are supposed to take Excess of imports over exports 3 ,3 4 8 ,8 7 8 - - - - - - - .......
GOLD AND SILVER—COIN AND BULLION.
care of them when they fall due. But, as is well known, 1 8 8 7 . —Exports—Gold—Dom...
$ 4 3 7 ,6 5 2
$ 4 ,9 1 3 ,5 4 0 $ 1 6 ,5 0 3 ,9 5 9
8 ,0 5 5 ,7 1 5
Foreign
1 ,0 5 6 ,4 8 4
3 ,8 7 0 ,9 5 2
no portion of the unpaid balance is redeemable at the
$ 8 ,7 8 4 ,4 3 2 $ 2 4 ,5 5 9 ,6 7 4
Total........ $ 1 ,4 9 4 ,1 3 6
option of the Government. The 4£s can not be called till
Silver—D om .... $ 2 ,2 1 6 ,8 4 0 $ 1 3 ,9 7 6 ,4 7 7 $ 1 6 ,3 7 4 ,5 2 6
1 0 ,1 7 1 ,6 4 7
8 ,6 4 7 ,2 1 9
Foreign.
4 2 9 .8 5 3
1891, and the fours not till 1907. The threes, which are
Total........ $ 2 ,6 4 6 ,6 9 3 $ 2 2 ,6 2 3 ,6 9 6 $ 2 6 ,5 4 6 ,1 7 3
now all to be retired, were issued under the A ct of July
$ 4 ,1 4 0 ,8 2 9 $ 3 1 ,4 0 8 ,1 3 8 $ 5 1 ,1 0 5 ,8 4 7
$ 3 2 9 ,2 7 8 $ 4 1 ,5 0 1 ,4 0 9 $ 4 2 ,0 1 2 ,6 5 0
12,1882, but did not become subject to call till July 26}
1 7 ,3 2 6 ,6 5 3
1 4 ,8 9 3 ,7 6 3
Silver...........
1 ,4 1 7 * 1 5 1
1883, when the last of the 3£s had been called. Their
$ 1 ,7 4 6 ,4 3 2 $ 5 6 ,3 9 5 ,1 7 2 $ 5 9 ,3 3 9 ,3 0 3
total amount was $305,581,250. If we include the $32,- Exoess of exports over imports $ 2 ,3 9 4 ,3 9 7 $ 2 4 ,9 8 6 ,9 8 4 $ 8 ,2 3 3 ,4 5 6
Exoess of imports over exports
082,600 of 3£s still outstanding July 1, 1883, we get a 18 8 6 .— Exports—Gold—Dom... $ 3 ,4 9 6 ,2 4 7 $ 2 1 ,1 7 5 ,6 4 7 $ 2 2 ,0 6 2 ,7 7 3
7 ,2 5 0 ,2 0 3
Foreign
6 ,0 0 1 ,3 6 2
1 ,3 1 6 ,1 0 9
total of 337 millions of interest-bearing debt redeemed or
Total........ | $ 1 ,8 1 2 ,2 5 6 $ 2 7 ,1 7 7 ,0 0 9 $ 2 9 ,3 1 2 ,9 7 6
Silver—Dom... $ 1 ,0 3 0 ,0 3 0 $ 1 6 ,7 6 0 ,0 0 2 $ 2 0 ,8 5 0 ,3 2 6
called during the four years, an average of 84 millions a
1 0 ,5 1 4 ,6 1 2
7 9 3 ,8 6 7
8 ,8 2 8 ,7 4 0
Foreign
year.
$ 1 ,8 2 3 ,8 9 7 $ 2 5 ,5 8 8 ,7 4 2 $ 3 1 ,3 6 4 ,9 3 8
$ 6 ,6 3 6 ,1 5 3 $ 5 2 ,7 6 5 ,7 5 1 $ 6 0 ,6 7 7 ,9 1 4
These facts show that we have at length reached a stage
$ 3 5 0 ,7 5 1 $ 2 0 ,2 3 2 ,1 0 8 $ 2 1 ,0 2 6 ,6 0 6
1 6 ,9 5 8 ,4 7 4
1 5 ,4 1 7 ,4 1 7
in the history of debt reduction where our policy not only
1 ,1 2 7 ,7 3 1
$ 1 ,4 7 8 ,4 8 2 $ 3 5 ,6 4 9 ,5 2 5 $ 4 7 ,9 8 5 ,0 8 0
will have to be, but ought to be modified. The people of
Exoess of exports over imports $ 5 ,1 5 7 ,6 7 1 $ 1 7 ,1 1 6 ,2 2 6 $ 2 2 ,6 9 2 ,8 3 4
the United States txlieve in paying their debts, and the Exoess of imports over exports
THE CHRONICLE
May 28, 1887.]
TOTAL MERCHANDISE AND COIN AND BULLION.
For the
month o f
April.
1887.—Exporta—Domestic. . . .
Foreign........
Total...........
Im p orts..... . . . . . . . . . . .
Excess of exports over imports
Excess of imports over exports
1886.—Exports—Domestio. . . .
Foreign........
Total...................
Imports..........................
Excess of exports over imports
Excess of imports over exports
2d week o f May.
For the 10
For the 12
Months endid Months ended
Apr. 30.
Apr. 30.
$48,684,164 $632,788.785 $754,146,426
3,019,703
23,605,576
31,953,454
$51,703,872 $656,394,361 $786,099,880
65,233,450 628,821,086 738,848,959
$27,573,275 $47,250,921
$13,579,578
$57,426,172 $596,531,005 $696,192.320
3,227,329
25,751,716
31,496,962
$60,653,501 $622,282,721 $727,689,782
58.844.708 564,001,919 661,835,078
$1,808,793 $58,280,802 $66,354,706
IMPORTS AND EXPORTS BY PRINCIPAL CUSTOMS DISTRICTS.
Imports.
A p r i l , 1887.
Custo m s d i s
t r ic t s AND
P orts .
10 month»
April
Import». Export».
».
t
E xpo rts.
ending
10
30.
months ending
April 80.
1887.
1886.
1887.
JL
*
»
1886.
. 8
Baltimore,Md. 1,379,628 3,641.161 10,399,437 9,010,083 44,424,665 28.160,040
Boston, Mass. 5,878,687 4,936.326 49,371,522 47,241.016 51,061.960 48,264,504
827,031
331,221
21,493 5,441,784 5,115,645
294,546
Buffalo Ck.N.Y
1,412,456 1,141,108
252.008
93,876 2.588,363 2,018,036
Champl’n, N.Y
634,257 14,380,116 16,818,783
60.345
507,902
Chariest’n, 8.C
430,75t
1,030,830 1,520,305
Chicago, 111.... 1,053.980
10,612 10,248,581 8.496,944
1,529,481
Cincinnati, O.*
287,098
2,210418
4,527,070
1,946,990
Detroit, Mlob.
188,996
âÀVi'dàô
2,088,018
287,777
55,871
Duluth, Minn.
118.388
1,786,282 1,578,760
659.55V
738,096 18,831,989 10,721,587
Galvest’n.Tex
Ì57,578
584,732
535494
52,933
Milw’koe.Wis.
19,000
469,064
654,768
1,554.029
871,209
MlnnVa.MIun
225,429
74,380
790.910
49,502 2,394,402 2,484,939
23.292
Mobile, A la ...
52,131
265.601
New Orl’ns.La
945.008 4,095,685 8,133,940 6,742,670 75,061,448 72,979.070
New York.N.Y 41.144,894 23,207.903 378,033,240 350,703,752 206,949.405 258,008.630
206,202
62,022
8,138,679 2,507,498
Niagara, N .Y ..
1.739
43,707
711
124,548 14,785.480 0,629,016
Norfolk, V a ...
08,001
90,934
Oregon. Or eg..
. 4,108
204,550
145.120 1,331,968 1,302,233
Oswega’le,N.Y
1,725,014
83,103 2,114,291
157,603
1.415,825
1,315,599
140,885
4,882,483
86,323 4,010,971
Oswego, N .Y ..
1,057,09»
1,120,852
Philadera, Pa. 4,183,340 3,132,712 32,095.587 29.548,304 29,544,128 27,971,726
351.298
210,019 1,572,895
Portland, Me..
1,'327,382
1,954,305
2,886,757
Ban Fran., Cal. 9,828, «71 2,271,488 33,071,866 80.750,031 28,499,104 20,694,039
Savannah. Ga.
5.697
210,802
197,005
424.795 23,243,472 19,709,152
287,151
St. Louis,Mo.*
2.740,401
2,030,073
398.108
Vermont, V t ..
119.697 4,458,563 4.808.230
1,205.048
1,888,076
Wlllumette.Or
104,703
253.053
288,211
4.997.815 4,702,965
319,817
W llm l’g’n, N.C
2,975
38,882
101,504
121,015
0,820,900
3,980,170
44,317
943,243
Yorktown, Va.
137,226
78,090 0,880.248 2,443,455
Totals, (In
cluding all
oth’r Dlsts.) 63,537,018 47.563.043 672,425,914 528,802.364 024,980.173 669,516,070
Remaining In warehouse April 30,1886..................................$31,123,758
Remaining in warehouse April 30,1887.................................. $32,458,309
* Interior ports to whloh merchandise can be transported without
appraisement, under act of June 10,1880.
EARNINGS IN M AY.
Thirty-eight roads have reported their earnings thus far for
the third week in May, and the result is a gain over last year
o f $319,481, or 14*95 per cent. Only five of the thirty-eigh
roads show a decrease, and in no case does the falling off
appear to have any special significance, the total on the whole
five roads amounting to only $25,086.
3d week oj May.
1887.
1886.
$
47,506
38,193
16,837
206,000
33,812
411,000
28,281
64,021
51,585
34,857
4,295
142,300
22,237
5,089
20,319
3,469
60,513
283,280
42,132
25,594
86,250
70,715
16,953
11,556
27,995
65,277
216,346
20,556
21,160
43,436
101,738
33,733
16,566
116,226
11,765
33.359
7,227
14,304
$
51,400
17,722
12,763
184,000
25,186
403,587
24,331
49,870
44,200
33,825
5,697
122,417
10,918
2,590
14,470
2,521
52,798
253,105
30,532
29,600
70,320
39,140
10,714
10,273
24,989
52,681
230,132
13,893
20,835
24,472
79,528
26,919
18,558
97,806
9,229
22,435
2,348
2,286
18,420
2,536
10,924
4,879
12,108
Total (38 roads)........ 2,456,571 2,137,090
Net Increase (14-95 p. o.).
344,567
319,481
Buffalo N. Y. A Pbila ...
Buffalo Boob. A Pittsb..
Cairo Vincennes A Ohio.
Canadian Pacific...........
Chicago A Atlantic........
Chicago Mil A 8t. Paul..
Chicago A West Mich ....
Cincinnati Ham. A Day
Cln. Ind. St. L. A Ohio...
Cincinnati Wash. A Balt.
Col. A Cln. Midland........
Denver A Rio Grande...,
D*6t. Lansing < Northern.
fe
Evansville A India’polla.
Evansville A Terre H_
_
Kingston A Pembroke...,
Long Island....................
Louisville A Nashville
Louisville N. Alb. A Chic.
Marquette Hough. A On
Mexican Central.............
Milwaukee L. S. A West
Milwaukee A Northern...
N. Y. City A Northern ...
N. Y. Ontario A Western.
Norfolk A Western.. . . . . .
Northern Pacific...............
Peoria Dec.A Evansville.
8t. Jos. A Grand Island..
8t. Louis Ark. A Texas...
8t. Louis A San Fran . . . .
St. Paul A Duluth....
Toledo A Ohio Central...
Wabash Western.. . .
Wheeling A Lake Erie* "
Wisconsin Central
Minn. St. Croix A w is”
Wisconsin & Minnesota'.
Increase.
$
120,471
4,074
22,000
8,626
7,413
3,950
14,151
7,385
1,032
19,883
2,319
2,499
5,849
948
7,715
80,175
11,600
15,930
31,575
6,239
1,283
3,006
12,596
6,663
325
18,964
22,210
6,819
Decrease.
3,900
1,402
4,006
13,786
1,992
25,086
r ° r the second week of the month our final statement
covers sixty-seven roads, with a gain in the aggregate of 16*57
per cent.
671
1887.
1886.
Increase.
$
$
2,492,674 2,121,263
78,947
90,263
56.554
47.571
24,284
18,090
8,958
9,576
8,143
8,170
4,677
2,692
6,5.16
7,035
9,856
11,053
82.808
67,848
50,737
44.547
19,145
18,670
41.972
34,803
302,52
334,048
39,256
33,135
35,080
41,340
38,493
44,711
25,100
39,859
3,635
3,300
3.770
2,789
26,501
30,518
20,390
13,575
31,063
26,170
20.738
30,214
21,710
20.893
7,470
16,236
10,267
10,888
22,472
22,312
11,492
13,432
5,803
7,668
$
374,856
11,816
8,983
6,194
Total (67 roads)........ 3,697,543 3,086,159
Net increase (16*57 p. ot.)
.......... .
627,414
511,384
Prev'ly rep’ted (38 roads)
Chicago St. L. A Pitts___
Cin. N. O. A Texas P ao...
Alabama Great So.......
New Orleans A N. E . „ .
Vicksburg A Meridian..
Vicksburg Shrev. A Pao.
Cincinnati Rioti. A Ft. W.
Cleveland Akron A Col...
Flint A Pere Marquette..
Florida R ’way A Nav. Co.
Grand Rapids A Ind........
Grand Trunk of Canada..
Houston A Texas Cent...
Ind. Bloom. A Western..
Kansas City Fort S. A G.
Kansas City Spr. A Mem.
Kansas C. Clin. A Spr_
_
Kingston A Pembroke_
_
Lake Erie A Western.......
Louisv. Evansv. A St. L ..
Marquette Hough. A On.
Memphis A Charleston..
Mexican Nat. (So. Div.)..
Minnesota A Northwest..
N. Y. City A Northern_
_
St. L. Alt. A T. H. (M. L.)
Branohes........ ..............
Tol. Ann Arbor A No.Mioh
1,985
519
1,107
14,96(1
6,190
475
7,169
31,526
6,26 >
6,218
14,759
981
4,017
6,815
9,476
817
8,766
160
1,940
1,865
Decrease.
$
3,445
618
27
è,Ì21
335
. . . ___
4,893
621
16,060
GoxmmxtinX gnfllislxlpttrs
{From our own correspondent.]
L ond on , Saturday, May 14, 1887.
The actual condition of affairs cannot be said to have varied
in any special manner during the past week, but there is an
evident pause in the march towards commercial prosperity.
While the centres of the textile manufactures keep busy, the
iron trade unquestionably wants life. W e hear oft-repeated
reports of the contemplated carrying out of important railway
schemes abroad, but they continue in the embryo stage. W e
are, in fact, laboring under the bad effects of a want of confi
dence in the political future, and any foreign schemes o f mag
nitude are likely therefore to remain in abeyance.
The revenue receipts also are not showing any expansion;
on the contrary, so far they have failed to reach last year’s
figures. From April 1st to May 7th the total revenue was
£9,080,423, against £9,958,307 for the period from April 1 to
May 8 last year. True, last year’s collections included an
extra day, but even allowing for that, there is a deficiency of
about £680,000. Stamps, property, income tax and telegraphs
have more than exceeded last year’s totals, and as these all
bear upon the condition of trade, only favorable deductions
can be drawn from ' any increase in them; but the defi
ciencies under the heads of customs, excise and post-office
more than outweigh these gains.
For additional proof that we are not yet on the eve of attain
ing commercial prosperity, we have only to look at the state of
the money market. When so much difficulty is experienced
in finding employment for money that the discount rate for
three months’ bills is only about 1 per cent, and short loans
can be had at the rate of
per cent per annum, or less than
one half-penny per £100 per day, it is very evident that either
there must be considerable stagnation somewhere, or else cap
italists are afraid to run any risk in locking up their capital
for any length*of time in a commercial venture the success
of which might be endangered by political complications* W e
must, in fact, be content to go slowly, and be thankful if any
checks like that at present felt be not succeeded by a retro
grade movement. W ith foreign tariffs becoming more hostile
to us, and with competition rapidly developing, we shall have
a great deal to do to hold onr own, even under ordinary con
ditions, and shall, therefore, be glad when, with the dispersal
of the threatening clouds, it will become less imperative to
take politics into such close consideration when calculating
the chances of commercial operations.
The money market has remained in a very easy condition.
The Stock Exchange settlement failed to stimulate the demand
to any extent, the joint-stock banks readily accommodating
the Stock Exchange with loans for the fortnight at the
rate of 1% per cent per annum. Short loans were again diffi
cult to arrange, and were quoted at % per cent per annum.
Discounts also have remained weak on a basis o f 1 per cent
for three months’ bills. The Bank of England return shows
some rather important changes. The principal feature in the
return is the increase o f £1,480,896 in other deposits, showing
a much larger supply of money available. The present total
THE CHRONICLE.
672
is £26,199,000, or about £3,500,000 more than a year ago. There
is a loss in the reserve of £359,855. This is mainly attributable
to the usual inquiry for coin for internal purposes at this tune
of the year. The falling off in bullion is £559,435, of which
£114,000 went abroad, but note circulation has at the same
time been reduced by £199,580. The proportion o f reserve to
liabilities has fallen from 48*28 to 46*86 per cent. The amount
of the reserve is now £14,420,750 and th e stock of bullion
£28,346,270, being a gain of £3,700,000 and £3,546,000 respectively^ over last year.
The rates for money have been as follows:
1
London
Interest allowed
for deposit* by
Open market rates.
Trade Bills.
Bank Bill».
Disc’t H’s .
Stock At 7 tO 14
at» Three Tow I St»
Three Tow
Month* Month* Month* Month* Months] Months Bank*. OaU. Days
1 lM-19*
8 n*@ - 19*0 - IK® - 19*029* 19*®29*|19*®29* 19*
1 1M-1M
29* B*®19* 19*0 - 1«® - 19*029* 19*@29< 1§*®29* 19*
9* 1 -1
19** 29* 1
2M 1 on * 19*0 - 19*0n* 19*029* m
i
9* 1 -1
2 146® - 19*0 - 19*®n* 19*02 1M®2 194@2W 1
H 1 -1
2 1 on * 19*0 - n *o - 19*®2 IM@2M 2 @234 1
19*029*119<®294 1
9* 1 -1
2 1 0 — 19*0 - I19*® - 11*4 2
?
1
Apr. 8
“ 15
28
“ 29
May 6
„ 18
The following return shows the position of the Bank of
England, the bank rate of discount, the price of consols, «fee.»
compared with the past three years:
1884.
1887.
1886.
1886.
£
Circulation, excluding 7-day and
£
£
£
24,644,415
8.307,491
36,211,619
14,097,131
20,747,528
17,546,527
26,442,942
60}* p. c.
2}* p. e.
99
86,931,000
25,628,845
7,605,619
22,638.359
12.639.977
21,346,635
15,075,064
24,053,899
48 p. c .
2}* p.o-
24,829,150
5.9*9,759
22,683.213
14,833,498
20,978,125
10,720,269
19,799,419
Coin and bullion..................................
379* P. 0.
3 p. c.
103 8-16
1019*
Clearing-House return....................... 106,125,000 108,598,001
24,675,520
4,380,111
26,199,302
15,254,754
18,763.082
14,420.750
23,346,270
46 86 p. c.
ion*
97,915,000
■ The bank rate o f discount and open market rates at the
chief Continental cities now and for the previous three weeks
have been as follows:
Bate* of
Interest at
May 18
May 8.
Apr. 29.
Apr. 22.
Bank Open Bank Open Bank Open Bank Open
Rat*. Market Bat*. Market Bate. Market Bate. Market
3
3
8
39*
29*
296
3
2k
Parts................
8
3
3
19*
3
lk
Berlin..............
ik
19*
8
8
3
2
2
19*
Frankfort........
8
19*
8
3
3
19*
Hamburg.,......
8
lk
Ik
19*
Amsterdam......
8k
2k
2k
2k
2k
8k
29*
2k
«k
2k
Brussels..........
2k
2k
8k
8
29*
4
4
4
4
4
4
4
4
Madrid.............
4
4
39*
4
4
39*
Vienna.............
89*
3k
5
5
5
5
5
5
5
5
St. Petersburg..
3
3
8
3
3
3
3
3
Copenhagen...-
[V òl. XLIV .
Amongst the financial events of the week has been the
receiving by Messrs. Morton, Rose & Co. of subscriptions for
£200,000 collateral car trust 5 per cent debentures o f the
United States Rolling Stock Company, the price of issue being
92 per cent.
The South Australian Government has placed a 4 per cent
loan for £850,000, at an average of £103 2s. 6d. per cent, the
applications amounting to £2,341,600, at prices ranging from
101, the minimum to 104.
The past week has been rather prolific in the issue of new
companies. We have been given an opportunity to invest in
a new Venezuela gold mine and a Queensland gold mine; and
we have had an invitation for subscriptions to 4% per cent
debentures to the extent of £105,000 of the Queen Victoria
Niagara Falls Park, and other miscellaneous issues, including
the Morris Tube Ammunition < Safety Range Company
fc
(limited), with a capital of £100,000. Altogether the fresh
capital creations have been about £2,000,000, making the
aggregate since the commencement of the year about £37,500,000, or about £5,000,000 less than last year.
The return of the Cleveland Ironmasters’ Association for
April shows that the total make of pig iron during the month
was 207,127 tons, or 4,497 tons less than in March. The actual
make of Cleveland iron was 108,534 tons, being 3,116 tons
below the previous month. The number of furnaces blowing
was 92, 1 more than in March, and the number on Cleveland
iron was 50, or 1 less than in March. The total stocks of pig
iron at the end of the month were 619,798 tons, being a
decrease from March o f 16,357 tons, and the aggregate ship
ments were 78,209 tons, or 10,313 tons more than in March.
The steadiness in the wheat trade has continued to be fairly
well maintained, although the market cannot be said to be
active. Here the favorable weather for the crops and the
receipt of fair supplies from abroad have been against prices,
but the greater speculative movement reported from America
has strengthened values. So long as the American trade is
firm the tone here will be steady, particularly as, notwith
standing the recent improvement m the weather, the season is
still backward. Supplies of wheat and flour on passage are
below what they were a year ago, but there is plenty of grain
to come forward from India, and Australia has larger ship
ments to make than were possible last season; hence any
material hardening of values may possibly attract more liberal
supplies.
The following shows the imports of cereal produce into the
United Kingdom during the first thirty-six weeks of the
season, the average price realized and other items, compared
with the three, last seasons:
IMPORTS.
1885-86.
1886-87.
Wheat........ ........ owt. 35,127,887 32,115,451
Barley.....................
13,360,328 8.287.954
Oats. . . . . . . . . . . . . . . . . . 9,235,124 6,610.806
1,423.934
Peas............................ 1,720,704
B e a n s ................. 1,725,745 2,144,103
Indian corn................. 19,815,425 20,251.273
9,516,587
Flour............................12,310,301
1884-85
31,931.519
11,770,011
8,382,691
1,326,925
2,278,216
17,085,980
11,832,146
1883-84.
36,704.550
11.792,346
8,075,367
1,188,227
1.707,558
18,312*674
10.717,527
Supplies available for consumption (exclusive of stocks on
September 1):
1883-84.
1886-87.
1885-86.
1884-85.
Imports of wheat.cwt.35,127,887 32,115,451 34,931,519 36,704,550
9,516,587 11,832,146 10,717,527
Imports Of flour......... 12.310,301
Sales of home-grown..24,973,064 31,887,867 31,963,273 31,396,302
Total.................... 72,411,252 73,519,905 78,731,938 78,818,379
Messrs. Pixley < Abell write as follows on the state of the
fc
1886-87. 1885-86. 1834-85. 1883-84.
Aver. pri< 6 wheat...... week. 33s. 2d. 31s. 5d. 38s. Id. 38s. 2 d .
5
bullion market:
Geld.—There has been a fair inquiry for flue bars but, not to so great
an extent as last week. The Bank has sold *282,000, of which the
bulk was for South America, and has received £161,000. The imports
are £109,000 from China. £12,000 from Australia and £6,000 from the
Cape; total. £127,000. The exports were £50,000 to the Cape, £14,000
to the West Indies, £180,000 to Buenos Ayres and £51,000 to Brazil.
The Peninsula & Oriental steamer takes £25,000 to Bombay.
Silver.—Part of the arrival, per Sorata, was sold for “ delivery,” and
part of the remainder was fixed at 43tf,ad. Subsequently the Eastern
exchanges improved, and business has been recorded at 4353d. The
New York arrivals are £33,000, while from Chile £196,000 has been
received. The Peninsula & Oriental steamer has taken £90,000 to India.
Mexican Dollars have been in good demand sinoe our last, and the
price rose to 42 »sd. There have been no arrivals of consequence dur
ing the week.
The quotations for bullion are reported as follows:
GOLD.
London Standard. May 12. May 5.
«• d.
«• d.
77 9
Bar gold, fine.. .01. 77 9
Bar gold, contaln’g
20 dwts. silver, oz. 7710
7710
Span, doubloons, oz. ........
8~Am.doubloons.oi.
SILVER.
London Standard. May 13.
d.
Bar sii ver......... oz. 439*
Bar silver,contain
ing 5 grs. gold.oz- 44
Cake siiv e r .... oz. 47 1-16
Mexiean dols...oz. 4 9*
May 5.
d.
489*
44
471 16
The difficulty experienced in finding suitable employment
for money has added very considerably to the strength o f the
market for Home Government securities. Consols have again
touched 103%. This is the highest price ever touched. The only
occasion previous to the present week when consols touched
103 was on the 24th of May, 1881. The nearest approach to this
figure up to that date was on the 9th of December, 1852, when
çonsols reached 101%. Since 1881 they have touched 102%
on the 31st October, 1882, and 102% on the 15th February,
1883, and on the 9th, 10th and 16th of April, 1884. During the
present week twenty-nine transactions have been reported in
consols at prices varying from 103 to 103%. Reduced and
new 3 per cents are now quoted at 102 and new 2% per cents
have jumped to 9 2.
Aver, price wheat.......season. 32s. 8d. 30s. 6d. 32s. lid .
38s. l i d .
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
Wheat............. qrs.
Floor,equal to qrs.
M aize...........qrs.
E n g lis h
This week. Last week.
1,572,000 1,598,000
235,000
232,000
266,000
291.000
F in a n c ia l
1885.
3,142,000
232.000
369.000
1886.
1,834,000
205,000
271.000
t l a r k e t s - P e r C a b le .
The daily dosing quotations for securities, «fee., at London
are reported by cable as follows for the weekending May 27:
London.
Sat.
Mon.
Silver, per oz.............d .
C »nsols for money___ _
Consols for aoeohnt.......
FPoh rentes (In Paris) fr
Q. 8. 4 k s of 18 91..........
tJ. S. 4s of 1907..............
Canadian Paoiflo..........
Ohio. Mil. & Bt. P a u l....
Erie, common s to ck ....
Illinois Central.......... .
Pennsylvania................
Philadelphia & Reading
New York Central____
* Ex-rights.
438b
43#ie
Tues.
43 k
1038,6 1037 «
103 k
10 3k 1037la
103 k
80*52 k 80-70 80-70
111k
11 1k 1 1 1 k
132 k
1 3 2k 1 3 2 k
647g
647a
65k
96
95k
96k
35k
36k
36k
140
14038 1 4 0 k
5888
58k
58k
227a
23
23k
11 7k
1163s
117k
Wed.
Thurt.
Fri.
43 k
103T16
1037,6
81-02k
11 1 k
13 1k
65k
95k
439,0
4380
357q
1 4 0k
•5778
23 k
116k
1037,«
103 k
81*17k
112
132k
653s
96k
36 k
140 k
58
23k
11 6k
80-87k
11178
13 2k
64
96k
36
140k
*57k
2378
103^ô 103 k
116%
©ammercial and ^iscjellatteous
N a t io n a l B a n k s . —The following national banks have lately
been organized:
3.692—
The Ouachita National Bank of Monroe, La. Capital, $30,000
D. A. Breard, Jr., President; T. P. Millsaps, Cashier.
3.693—
The Sussex National Bank of Seaford, Delaware. Capital,
$50,000. — —r, President; M. J. Morgan, Cashier.
3.694—The First National Bank of Palestine, Texas. Capital, $50,000.
George A. Wright, President: Lucius Gooch, Cashier.
3.695—The First National Bank of Meade Center, Kansas. Capital,
$50,000. Michael J. O’Meara, President; Matthew H. Ewart,
naahiar
H'HE CHRONICLE
Ma y 38, 1887.]
a 696—1 he First National Bank of Canton. Now York. Capital, $65,000.
T
’
DolDhasS Lyntle, President; John Plokens, Cashier.
O oq 7 _The Peonies’ National Bank of N e w Brunswick, N. J. Capital.
3,0
S 1 0 0 0 0 0 . Geo. W. De Yoe, President; T. E. Sohanck, Cashier,
3 698 Tho Fort Dearborn National Bank of Chicago. 111. Capital,
*
« 5 0 0 .0 0 0 . Homer N. Hibbard, President; Seymour Walton,
Cashier.
I m ports and E x p o r t s f o b t h e W e e k . —The imports o f last
week, compared with those of the preceding; week, show a
decrease in dry goods and an increase in general merchandise.
The total imports were $11,433,543, against $7,775,573 the pre
ceding week and $9,111,483 two weeks previous. The exports
for the week ended May 34 amounted to $5,743,018, against
$5,745,155 last week and $5,517,742 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) May 19, and for the week ending (for gen
eral merchandise) May 30 ; also totals since the beginning of
the first week in January:
FOREIGN IMPOSTS AT NSW YORK.
For Week.
1884.
1886.
1887.
Dry Goods........
Gen’l mer’dise..
*1,371,213
6,992,155
$1,490.588
6,163,323
1885.
$1,333,173
6,727,196
$1,653,420
9,770,123
Total........ .
¿Knee Jan. 1.
Dry G oods......
Gen’l mer’dise..
$8,363,368
$7,653,911
$8,060,369 $11,423.543
*47,579,353 $39,809,936 $47,526,592 $50.6 .*8,634
127,016,913 106,902,477 122,782,224 134.087.354
Total 20 weeks. $174.596,266 $146,712,413 $170,30°,816 $184,735,936
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending May 34,1887, and from January 1 to date:
■XPOSTS FROM NSW YORK FOR THIS WEEK.
1886.
1885.
1884.
For the week...
Prev. reported..
1887.
$6,407,232 $6,032,652
$5,743,018
122,585,624 107,635,408 110,833,362
$5,797,371
105,914,227
Total 20 weeks. $111,711,598 $128,992,908 $113,668.060 $116,026,380
The following table shows the exports and imports of specie
at the port of New York for the week ending May 21, and
sinoe January 1, 1887, and for the corresponding periods n
1886 and 1885:
■XPOSTS AND IMPOSTS OP SPECIE AT NEW YORK.
Exporte.
Bold.
Week.
Great Britain . . . . . . . .
France......... .............
Germany...................
West Indies........ .
M exico............... ......
South A m e rica .......
All other countries...
Importe.
Since Jan. 1.
Week.
Since Jan. 1
$ .......
$70,248
8,257
968,101
2,317,675
$ ........
5,000
11,450
1,656,116
268,279
$1,578,107
1,506,965
357,053
283,055
798,993
5,690
1,193
145,124
4,477
46,642
Total 1887..........
Total 1886..........
Total 1885..........
$16,450 *5,288,673
1,658 24,740.553
5,921,120
637,455
$288,725 $4,439,174
22,738
2,669,442
164,052
5,197,031
Silver.
Great Britain...........
France.......................
Germany..... ..............
West Indies________
Mexico_ ................
_
South A m e rica .......
All other ooontries...
$200,000 $3,415,339
8,000
533,973
1,400
114,590
92,793
16,581
42,712
19,335
$
2,716
650
$57,300
800
146,665
326,056
52,562
184,001
151,775
Total 1887.. ..
Total 1886..........
Total 1885..........
$209,400 $4,235,323
112,190 4,755,706
243,204
6,635,* 84
$7,561
57,077
34,447
Date.
Receipts.
Payments.
26
27
$
817,471
1.233,631
1,106,597
1,300.423
1,399,614
1,297,768
$
1,014,524
810,562
901,123
715,518
1,220,219
900,423
Total ..
7,155,501
Coin.
Balances.
Coin Oeri’s.
Currency;
5,562,369
May 21
“ 23
« 24
“
“
$
135,070,457
135.171,521
135,167,023
135.197,107
135,232,370
135,277,374
$
$
21.458.292 15,514.771
21,843,141 15,451,927
22.047.293 15,457,748
22,582,120 15,477,742
22,747,680 15,456,315
23,156,338 15,399,998
149th Call for U. S. Bonds.—The Treasury Department,
under date of May 20, 1887, issued the 149th call, which retires
all the remaining 3 per cents, amounting to $19,717,500, on
July 1. These bonds are numbered as follows :
$50—Original No. 1 to original No. 16. both inolusive.
$100—Original No. 1 to original No. 156. both Inolusive.
$500—Original No. 1 to original No. 65, both inolusive, and original
No. 4,237 to original No. 4,238, both inolusive.
$1,000—Original No. 1 to origiualNo. 766, both inolusive, and original
No. 23,798 to original No. 23,826, both inolusive.
$10,000—Original No. 1 to original number 1,911, both Inolusive.
St. Paul City.—Attention is called to the full-page financial
statement of the City of St. Paul, Minn., which will be found
on the sixth page of the C h r o n ic l e . This exhibit, published
by Mr. John W. Roche, the Comptroller, gives full informa
tion in regard to the fiuancial status of the city, and is muoh
clearer and more intelligible for the average reader than the
usual reports o f cities in bulky pamphlet foi m. Population
in 1870, 22,300; in 1885, 111,397; total bonded debt, $4,162,421;
annual interest charge, $224,733; assessed valuation of real
estate, $68,539,570; estimated cash value, $180,000,000; valua
tion of personal property, $15,584,481. The foregoing facts
are the salient points which make St. Paul bonds a first-class
investment.
—Attention is called to the choice list of investment secu
rities offered for sale by Messrs. Albert Netter & Co., in our
advertising columns to-day, Investors will do well to give it
their attention.
Auction Sales.—The following were sold at auotion by
Messrs. Adrian H. Muller & S on :
Shares.
64 Broadway Ins. Co...........193*9
33 N. Y. Fire Ins. C o ........ 95
77 North River las. 0o....... 100
5 Am > xoh. Fire Ins. Co.. 95
■
60 Guardian Fire Ins... 77%-78*a
13 Union Ferry Co................ 147*9
CO German Am. Bank......... I l l
20 Fidelity < Casualty Co.. 90
&
90 Germ. Am. Fire Ins. Co. 310
37 Mechanics’ Fire Ins. Co.,
or Brooklyn................... 81
5 Edison Electric Light Co.
of Europe, Limited.......
5
100 Farmers’ Loan & Tr. Co. 463
52 Br’klyn & N. Y. Ferry Co. 73
24 Germania Bank...............221
*919,159
642,227
t.77,589
357
3,838
673
g iW k ittg
Shares.
37 St. Louis Ore & Steel Co. 26
100 Mexican Sou. HR. Go . . .
2
16 Guardian Fire Ins. Co... 76%
3.000 Haile Gold Min. O0 . . I 60. sh.
2.000 Haile Gold Min. Co ..15o. sh.
Bonds.
$1,000 Danbury & Norw. HR.
Co. 7s, Keg., due 1892........ 110
$2,500 Jersey City 7s, Reg.,
due 19o6........................ n 5 & int.
$1,000 City of N. Y. 7s, Tax
Relief Cou„ due 1890.112% &int.
$5,OOo Columbus < Eastern
&
SR. Co., 1st Mortgage......... 10
$5,000 Haile Gold Miu’g Co.,
1st Mortgage......................... 26
a n d
¿ ¡fin a n c ia l.
United States Government and other desirable
S E C V R I T I E S
POR
I N V E S T O R S .
All stocks and bonds listed on
Of the above imports for the ween in 1887 $146,600 were and sold ou oommission for cash.the New York Stook Exchange bought
American gold coin and $1,523 American silver coin. Of the
Deposit aooounts reoelved and interest allowed on monthly balances
exports during the same time $16,450 were American gold subject to draft at sight.
coin.
H A R V E Y
FISK
& SONS,
FoREiGN T r a d e o f N e w Y o r k — M o n t h l y S t a t e m e n t . —In
28 N assa u S t r e e t , N e w Y o r k .
addition to the foregoing tables, made up from weekly returns,
we give the following figures for the full months, also issued
^
York Custom House. The first statement covers
Citizens’ G as L ig h t C o . G o ld 6s,
the total imports of merchandise.
Jersey City R e g is te r e d 5s,
IMPORTS INTO NEW YORK.
P o tta w a ta m ie C o ., I o w a , 4 l-2 s ,
1887.
1888.
T o w n o f S alin a, K. Y ., 4s,
Month.
General
General
Dry
Dry
S h elby v ille W a t e r C o ., 111., 6s,
Merchan
lotaL
Total.
Merchan
Goods.
Goods.
dise.
dise.
R r o w n w o o d , T e x a s , 6s,
January...
February..
March.......
April........
Total....
«
$
*
i
$
$
t
1 1 ,1 5 9 ,7 0 4
2 3 ,7 4 8 ,1 8 8
3 4 ,9 0 7 ,8 9 2
9 , 4 1 0 ,1 6 4
2 3 ,3 8 9 ,7 3 5
3 2 ,7 9 9 ,8 9 9
1 0 ,7 9 9 ,6 6 4
2 3 ,0 2 2 ,7 7 8
3 9 ,8 2 2 ,4 4 2
1 2 ,0 7 0 ,4 2 5
2 6 ,8 2 1 ,3 1 0
3 8 ,0 9 1 ,7 4 1
9 ,6 3 1 ,8 8 2
3 1 ,3 9 1 ,6 4 8
4 1 ,0 2 3 ,5 3 0
1 2 ,8 1 6 ,7 2 5
2 6 ,3 6 4 ,4 0 1
3 9 ,1 8 1 ,¡8 9
8 ,2 8 7 ,9 9 4
3 2 ,8 5 6 ,9 0 0
4 1 ,1 4 4 ,8 9 4
8 ,5 0 0 ,3 3 0
2 8 ,6 1 3 ,3 8 9
3 7 ,1 7 9 ,7 1 9
4 5 ,8 7 9 ,2 4 4 1 1 1 , 0 1 9 ,5 1 4 1 5 6 . 8 9 8 , 7 5 8
EXPORTS PROM NEW YORK.
Month.
January...
February..,
March.... .
April........
Total..........
t
1886.
CUSTOMS RECEIPTS.
2 3 ,7 2 3 ,6 1 6
2 2 ,2 9 4 ,8 3 3
2 2 ,3 1 4 ,3 2 1
2 8 ,3 6 5 ,1 0 0
2 3 ,2 0 4 ,0 8 4
2 3 ,2 0 7 ,9 0 3
2 4 ,5 9 6 ,4 5 5
9 8 ,3 4 4 .3 4 3
9 3 .8 3 8 .4 7 0
SCH O O L
D IS T R IC T ,
At New TPrk.
Month.
1887.
$
2 4 ,4 7 0 ,3 8 7
10, 11 and l i M ortimer Building, W a ll Street, N. Y.
4 2 , 8 0 3 , 0 4 4 1 0 4 , 9 8 8 ,9 0 1 1 4 7 , 8 5 2 . 5 4 5
Total Merchandise.
1887.
POB SALE BY
COFFIN & STANTON, Bankers,
January............
February..........
March...............
April................
Total..... .
1880.
I
$
1 1 ,7 9 2 ,3 0 9
1 0 ,9 2 5 ,4 4 8
1 3 ,0 9 0 .2 1 7
1 1 ,7 9 9 ,7 3 2
1 4 ,2 0 0 ,7 8 2
1 2 ,5 0 0 ,2 3 3
1 1 ,4 2 0 ,1 4 7
1 0 ,4 3 4 ,1 8 6
5 0 .5 0 9 .4 5 5
4 5 .0 5 9 .5 9 0
ouu' Are“ 8UIT-—in e rouowmg table show
t™n f ^ l Ptua,nd Payments at the Sub-Treasury in this city, a
weu as the balances in the same, for each day of the past week.
FOUR
NORTH
D A N S V IL L E ,
N ew Y o r k .
P E R C E N T BONDS.
INTEREST AND PRINCIPAL PAYABLE AT THE NATIONAL PARK BANK, N. Y .
Assessed. V a lu a tio n , $ 1 ,3 0 0 ,0 0 0 .
Total Indebtedness, $ 2 6 ,5 0 0 .
No better security can be found for trust estates or private Investment.
FOR SALE BY
a
G R ISW O LD
&
G IL L E T T ,
No. 3 W all Street, New York,
THE CHRONICLE.
674
% \xt
(gazette,
DIVIDENDS«
The following dividends have recently been announced :
Namejof Company.
R a ilr o a d « .
Chic. Burl. A Quincy (quar.)........
ID 1« c e Ila 1 eo u «.
1
Consolidateci G as........ ......... . . . .
Del. & Hudson Canal (qüar.)........
Lehigh Coal &Nav........................
Per
Cent.
*2
When
Payable.
Books Closed,
( Days inclusive.)
June 15
2
June 15 June 1 to June 15
1*4 June 14 May 28 to June 14
2
June 11 June 1 to ----------
[ V o l . XLIV.
mium; selling 3-16@£ premium; New Orleans, commercial, 50c
premium ; bank, $1 50 p$em. ; St. Louis, 256. premium. Chi
cago, 40c. discount.
The rates of leading bankers are as follows :
Sixty Days.
May 27.
Demand,
Prime bankers’ sterling bills on London..
4 88
4 86*2
4 85 ®4 85%
4 84**®4 84%
5 193635 18% 5 17*235 16%
40J
4®403i6 4071„®40*2
95%®95%
Frankfort or Bremen (reichmarks)..........
95*4 ®95%
Coins.—The following are quotations in gold for various coins:
Sovereigns........... $4 85 0 $ 4 88 Silver %s and *ss. — 99%®--------- N a p oleon s........ 3 86 * 3 90 Five f r a n c s ...... — 93*3» — 96
The Money Market and Financial Situation.—The finan X X Reichmarks. 4 75 ® 4 80 Mextoan dollars.. — 75 ® — 76%
Do unoommero’l. —
®—
X Guilders........... 3
4
cial markets remain very quiet, and while a sharp speculation Span’h Doubloons. 15 96 ® 15 00 Peruvian s o ls ..... — 74 ® — 75%
72
74
60 a
70
has been going on of late in certain articles of merchandise— Mex. Doubloons.. 15 55 ®15 65 English s ilv e r. . . . 4 80 ® 4 85
Fine gold b a rs....
par ®%pren> U. 8. trade dollars — 99*3» 100
notably in wheat and coffee—the Stock Exchange has shown Fine silver bars .. — 95*3® 96*3 D. 8. silver dollars — 99%® 100
Dimes & ** dimes. — 99%® par. j
W A L L STREET) F R ID A Y , May 27, 1 8 8 7 -5 P. M.
no extraordinary activity or buoyancy.
The railroad situation continues strong; earnings on the old
Toads are large; those companies having new mileage un
der construction are building very rapidly, and have
no difficulty in getting money; fresh defaults on intereSt are almost unheard of,
while scarcely a week
passes that one or more o f the old defaults are not
wiped out of recollection by some reorganization perfected, with
interest resumed on a safer basis. This is all good and it gives
to the present outlook a most favorable appearance. Still
there is an impression among some careful observers that in the
current year, 1887, the wave which began in 1885 will probably
reach a climax, and that the lively times of 1885 and 1886 are
not likely to bp repeated. This is based mainly on the idea
that the remarkable outlay of capital on railroads, iron indus
tries, real estate, etc., is not likely to be kept up during another
year, and that when the outlay begins to fall off general busi
ness will also begin to decline in proportion. This is but one
of the opinions of the day, and it is only worthy of notice as
representing that particular view of the present financial situ
ation.
The Government returns of exports and imports in April do
not make a good exhibit for our trade balance, and as gold
does not go out, the conclusion is drawn that our securities
must be shipped pretty freely to the foreign markets.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 3 to 7 per cent,
though the rate was forced up to 8 per cent on Monday for its
effect on the stock market; the usual rate to stockbrokers has
been 4J@5 per cent; to-day the rates were 4@ 7 per cent.
Prime commercial paper is quoted at 4£@5$- per cent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £207,000, and the percentage of reserve to
liabilities was 47*57, against 47*16 last week; the discount
rate remains unchanged at 2 per cent.
The Bank of France
gained 8,775,000 francs in gold and 2,000,000 francs in silver.
The New York Clearing House banks in their statement of
May 21 showed an increase in surplus reserve of $495,750, the
total surplus being $4,657,200, against $4,161,450 the previous
week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks:
1887.
Diffr’ n&s fr ’ m
May 21. . Prev. Week.
1886.
May 22.
1885.
Muy 23.
$
$
$
Loans and disO’ts. 365,843,600 In c. 361,800 342,129,200 296,000,200
Specie................... 74,439,000 Deo. 722,900 69,819,000 114,607,200
8.264,800 Dec.
13,100
Circulation...........
7,870,000 10,430,200
Net deposits......... 374,656,000 Dec. 1,086,200 365.686,100 363,276,900
Legal tenders....... 23.682.200 Dec. 947,100 35,403,700 36.024,100
Legal reserve..... 93,664,06» Dec. 271,550 91,421,525 90,819,225
Reserve held........ 98.321.200 'In c. 224,200 105,222,700 150,631,3 0
Surplus..................
4,657,200 In c. 495,750 13,801,175 59,812,075
Exchange.—The sterliag exchange market has been rather
dull during the past weëk, with a somewhat irregular tone to
rates. There is a continued scarcity of commercial and bank
ers’ bills and rates hardened somewhat thereby, followed by
weakness later, and the posted rates are a trifle lower than last
Week, viz., 4 86J and 4 88. The continued prevalence of low
rates for money in the open market at London tends to restrict
the demand for remittances, and keeps the market dull and
uninteresting.
To-day the rates on actual business were as follows, viz.
Bankers’ 60 days’ sterling, 4 85f@ 4 86; deman 1. 4 87<g)
4 87£. Cables, 4 87£ @ 4 87f. Commercial bills wer •4 84-i ■
h
4 84J; Continental bills were : Francs, 5 19f<S5 20 nul 5 17^
@ 5 18i; reichmarks, 95 5-16@95f and 95|@95f ; guii lers, 404
@40£ and 40£@40£.
The following Were the rates of domestic exchange on New
York at the under-mentioned cities to-day; Savannah, buying
par; selling
premium; Charleston buying
pre-
The closing prices at the N. Y. Board have been as follows:
Interest May
Periods 21.
May
23.
May
24.
May
25.
May
26.
May
4*as. 1891...........reg. Q.-Mar. *10938 *109*3 109% 109% *109% 109%
4*as, 1891........ coup. <2.-Mar. *110% *110% 110% *110% *110% *110%
4s, 1907.............. reg. Q.-Jan. *129% ‘ 129% 129*3 *129*3 *129*2 129*3
4s, 1907........ ..coup. Q.-Jan. «129% 129% 129% 129% *129*3 129*3
....
....
3s, option U. 8 ...reg. Q.-Feb. . . . .
6«, cur’oy,’95___reg. J. A J. *126 *126 *126 *126% * Í2o *4 *126%
6s, cur’cy ,’96....reg. J. A J. *129 *129 *129 *129% *129*4 *129%
6s, cur’oÿ, ’9 7 ....reg. |J. A J. *132 *132 *132 *132% *132*4 *132%
6s, cur’cy, ’9 8 __ reg. |J. A J. *134 *134 *134 *134*3 *134*3 *134*9
6s, cur’ oy, ’99___reg. )J. A J. *137 *137 *137 *137% *137 *137
* This is the price bid at the morning board ; no sale was made.
United States Bonds.— Government bonds have been quite
dull most of the time, though some increase in the business
was apparent at times. Prices bave ruled strong, and the 4s
and 4^8 are about 4 higher than a week ago.
State and Railroad Bonds.— State bonds have been very
dull and the market is without feature of interest. Only a
very few transactions have been recorded and there are no
important changes in prices.
The business in railroad bonds has somewhat fallen off, and
the market has not presented the same degree of activity that
has been a feature of late. No conspicuous movement has
been noticed in any class during the past week, the transac
tions being on a moderate scale and well distributed over the
list. At the same time there has been no real dulness to the
market, and a pretty even, though limited, demand continues to
be felt for nearly all classes of bonds. Prices, also, continue
firm to strong, and while there has been no striking advance
there has also been no special weakness, prices being compara
tively little changed for the week.
Railroad and Miscellaneous Stocks.— The stock market
has not been very active during the past week, and taken
altogether there have been no remarkable features in Stock
Exchange speculation. The closing of the Exchange at 12
o’clock on Saturday, in accordance with the new half-holiday
law, which was commenced last Saturday (21st), also tended to
restrict business, as very little was done during the two morn
ing hours. There has been no general activity at any time,
and but for a little extra volume of business in a few stocks
the market would have been almost lifeless. The few special
ties referred to absorbed all the interest, and their fluctuations
have given the tone to the market, which has been generally
irregular. In the early part of the week some weakness was
manifest, due to a somewhat unsettled feeling and the opera
tions of the bears, who have been encouraged by a lack of
resistance from the opposition. Prices recovered later, how
ever, and for the general market very little change has been
made, though the most important changes—in the specialties—
"are generally in favor of higher prices. The grangers and
other high-priced stocks, which have lately been somewhat
prominent, were all dull during the past week, and the fluc
tuations in them have been slight.
The prominent feature of the week has been a sharp rise of
21 points—from 69 to 90—in St. Paul & Duluth, on the pros
pect of dividends being made possible by the action to be
taken at the meeting • be held in June. The rise has not
to
been accompanied by any special activity in the dealings,
except in the early part of the week. The San Franciscos
have also advanced on the increasing earnings and talk of a
dividend on the preferred stock, and Peoria Decatur & Evans
ville had an upward spurt on Thursday on favorable reports of
its financial condition. New England and Fort Worth & Den
ver have attracted considerable attention for activity. The
former has been somewhat irregular in its fluctuations, owing
to the manipulation. Fort Worth has been the weakest stock
in the market, declining quite steadily all the week. Thè*
are the most prominent features of the market, though a few
others have shown some activity at times, including Western
Union, Consolidated Gas, &c.
There has been little or no
news to affect the speculation, and the fluctuations have not
1depended on any outside influences.
675
THE CHRONICLE.
May 28, 1887.1
STOCKS-PRICES AT N. T. STOCK EXCHANGE FOR WEEK ENDING M A Y &T, AND SINCE JAN. 1, 1887.
Range since Jan. 1,1887.
HIGHEST AND LOWEST PRICES.
STOCKS.
Saturday,
May 21.
A c tiv e It it . S to c k s .
14*4 14.3b
Atlantic & Pacific...........
*63
64
Canadian P a cific.................
63% 637a
Canada Southern................... {
Central of New Jersey.......... *80*9
*401 41
a
Central Pacific.......................
8%
8%
Chesapeake & Ohio...............
*13% 15
Do
1st pref
*9% 10%
Do
2d pref
Chicago Burlington & Quincy,
93% 94
Chicago Milwaukee & St. Paul
Do
pref. 125 125%
Chicago & Northwestern . — 12538 125%
Do
pref. ’1 5 0 ia ...
Chicago Rock Island ¿Pacific. 137*3 137 hi
19% 19%
Chicago St. Louis & Pittsburg.
Do
pref. 50% 50%
Chicago St. Paul Min. & Om.. 53% 53 %
Do
pref. 117% 117%
66
66 %
ClevelandCol.Cin.A Indianap.
Columbus Hocking Val.A Tol. 34% 34%
Delaware Lackawanna ¿West 137% 138
Denver A Rio Q., assessm’t pd 31,% 32%
65
66%
Do
pref.
14% 147a
East Tennessee Va. A Oa. R’y
Do
1st pref.
28
28
Do
2d p r e f.
Evansville A Terre Haute....
53% 54%
Fort Worth A Denver City...,
16
Green Bay Winona A St. Paul *15
Illinois Central........... ............ 137% 137%
Ind. Bloom. A West., ass. pd.
46% 46%
Kingston A Pembroke.......... .
977 98
e
Lake Shore A Mich. Southern
Long Island........................... .
68% 68%
Louisville A Nashville.......... .
Louis. New Alb. A Chicago...
Manhattan Elevated, consol.. 159% 160
Memphis A Charleston........
94% 94%
Michigan Central....................
93% 93%
Mil. Lake Shore A W est........
Do
pref. 116 117
Minneapolis A St. L ou is...... *18% 19%
45
Do
pref. *44
32% 32%
Missouri Kansas ¿T e x a s .....
Missouri Pacific...................... 110% m %
*16
17%
Mobile A Ohio.....................
85%
Nashv. Chattanooga ASt. Louis 85
New York .Ceutral.A Hudson 114 114%
New Y. Ohio.A St. L., assent’d 20% 20%
Do
pref., assented. 36% 36%
35%
New York Lake Erie A West’n 35
75% 75%
Do
pref
59% 60%
New York A New England...
19% 19%
New York Ontario A West...
New YorkSusq. A Western.. *12% 13
36% 37
Do
prqf
*22
22%
Norfolk A Western
55%
Do
pref. 55
.. .. .
32% 33%
Northern Pacific
Do
pref. 62% 63
30% 30%
p i...
Ohio A Mississippi___ BL—
J
34% 84%
Oregon A Trans-Contin ental.
37% 37%
Peoria Decatur A Evansville
Philadelphia & Reading........
44% 45%
Riuluu'd A West P’ntTerminal 39% 40
75
Do
pref 75
93
Rome Watertown A Ogdensb’g 93
St, Louis A San Francisco...
39% 40%
Dp
pref...
80% 80%
Do
1st pref 119% 119%
8t. Paul A Duluth___
68% 69%
Do
pref EMHIVR
8t. Paul Minneap. A Manitoba 118 118
Texas A Pacific, ass. paid.... 34
35%
Union Pacific...........................
62% 62%
Web. St. L. A P.,P. Com. repts. 21% 21%
_ _ Do
pref. 37% 37%
Wheeling A Lake Erie...........
59
59%
m is c e lla n e o u s S to c k s .
Colorado Coal A I r o n ........
52
52%
Consolidated Gas Co........ ! "
88% 88%
Delaware A Hudson Canal... 104% 105%
Oregon Improvement Co....... 43% 43%
Oregon Railway A Nav. C o.. 105% 105%
Pacific Mail...........................
56
56%
Pi iladelphia Co., Nat. Gas!*’ 103 105
Uman Palace Car Co.......... 158% 158%
Western Union Telegraph
77% 78
E x p r e s s S to ck s .
Adams................................
145 150
American.................. I !! !! !! !!! 117 119
United states................ !!!!* !! 69
72%
Weils, Fargo A Co........... . . . . ! 130 140
I n a c t iv e S to ck s.’
Buffalo Roch. A Pittsburg.... 70
70
Central Iowa .............
Chicago A Ind. Coal S ’way!!!
Do
pref _
Cincinnati Wasli. & Baltimore.
Do
pref.
P ehv. A Ri° Grande Western! *19% 20%
Lake Erie A W estern..... . . . .
vr t®?
„ do
pref. 59% 59%
Manhattan Beach Company.
Mexican Central....
18% 18%
Oregon Short Line............
28
28
Quicksilver Mining Co...
Do
pref
Louis Alt. A Terre Haute!! 38% 39
Bt. Louis Ark. A Texas
21% 21%
Southern Pacific Co
....... 34% 3t%
Cameron Iron A Coal............. *39
41
Columbus A HockingCoai” ’ ’ 46% 46%
Marshall Con. Coal8
30% 31%
New York A Perry Coal'.!’ "
*70% 71
Tennessee Coal A Iron.........
41% 42
y » * i ° u s S to ck s , & e. (Üni isted.)
Amer. Cotton Oil Trust.......... 51% 51%
Pine Line Certificates.; .......
61% 62
Boston H. A Erie, new.
7% 7%
tol. Ann Arbor A N. M___! " *29% 31
Monday,
May 23.
Tuesday,
May 24.
14% 14%
*63
64
63% 62% 63%
80% 79% 80%
40%
7% 8
8%
*14
15%
151
*9% 10%
10 %
xl50% 151
92% 98%
92% 94
124% 125
124% 126
124% 125% 124% 125%
150% 150% 150% 150%
138 138% 138 138
20
20% *19
*19
49% 51% 49% 49%
53% 53% 52% 53%
116% 116%
116% 117
65% 65%
65% 66
33% 34% 33% 33%
137% 138% 137% 138
31% 32% 31% 32
66 % ! 65% 66
65
14% 14% 14% 14%
77% 77%
77
77
28% 27% 27%
28
*94
97
96
96
52%
52% 54% 51
15% 15%
16
*15
136% 136% 136% 137%
25% . *24% 25%
25
45% 45%
46% 47
96% 97%
98
97
98% 98% 98% 98%
67% 68%
67% 69
62
62
159% 160
159% 160
61
61
94
94% 93% 93%
92% 93%
94
*92
117% 117% 116% 117%
18% 18% *18% 19%
44% 44% 44
44%
32% 33% 32% 32%
110 % 111 % 109% 111%
*15% 17% 16% 16%
*84% 85%
84% 85
113% 114% 113% 113%
20% 2o% 20% 20%
36% 36%
36% 37
34% 35% 34 % 35%
74% 75%
76
75
59%
58% 60% 58
19% 19% 19% 19%
12% 12 % 12% 12 %
*36% 37% *36% 37
14% 14%
62%
79%
40%
8%
*18%
*9%
2 1 % 22
21% 21%
Wednesday,! Thursday,
May 25.
May 26.
14%
14
63
63
63%
63
80% 80%
40% 41
7% 7%
15
*13
97a 9?s
140 150
92% 93%
124% 125
124% 124%
’150% 151%
137% 137%
*18% 20
49
49
527a 53%
1167a 116%
65% 65%
33% 33%
137% 137%
31% 31%
65% 65%
14% 14%
76
76
27% 27%
98% 98%
50% 51%
15% 16%
136% 136%
*24
25%
45% 45%
96% 97%
98% 98%
68
68 %
62%
62
159% 160
66
66%
33% 34
137% 138
32
32%
65% 66%
14% 14%
*75
77
27% 27%
*96
98%
49% 51%
16% 16%
136% 137%
24% 24%
45% 46
97% 97%
98% 98%
68% 68%
63
64
159% 159%
93%
93%
117%
*18
*43
32%
93% 93%
98% *93
117% 118
18%
19
*43
45
32% 32%
*15%
84%
113%
19%
35%
34%
74%
58
19%
93%
94
118
18%
44%
32%
16% 16%
85% 85
113% 113%
19%
20
36% 35%
35% 35%
74% 75%
59% 59%
19% 19%
110% 110% 110 % 111
12%
12 %
*36% 37
21% 2 1 %
16%
85
113%
19%
35%
35%
75%
59%
19%
12% 12 %
36% 36%
21 % 21%
53% 54%
32%
82
62% 62%
30% 30%
34% 34%
39%
39
44% 46
39% 40
75
53% 55% 5378 54% 54
54%
32% 33
32% 32% 32
32%
62% 62% 62% 62% 61% 62
30% 30% 30% 30% 30% 30%
34% 35% 34% 34% 34% 34%
87% 377s 37% 39%
37% 38
44% 45% 44% 44% 44% 44%
40% 39% 39% 39% 39%
39%
75
75
*92% 94
93% *92% 94
93
40% 40% 407
40
43% 43% 44%
e 41
81% 81% 84
81% 81
81
83% 84%
119% 119% 11878 11878 119% 119% 119% 119%
79% 78% 85% 85
77% 76
70
90
112% 114% 114% 114% 113% 113% 113% 113%
118%
119%
118%
118
34% 35% 34% 34% 34% 34% 34% 34%
62% 62% 61% 62% 61% 62% 62
62%
21 % 21 %
21
21% 20% 21
21% 21%
37% 36% 37
37
36% 36% 37
37%
58% 59% 57% 58% 57% 58
57% 58%
53
51% 52
61% 52
88 % 87% 88% 87% 89
105% 104% 104% 104% 105
45% 46
46
40% 49
104% 105
104% 105
54% 56% 54% 55% 55% 56
51%
88
104%
44
51
86%
104%
47%
104%
55%
101%
158% 159% 157% 158% 157% 157% 157%
77% 78% 77
77% 77% 78% 77%
145 150 *144
117% 1171 *115
71
72
72
130
*131
69
*12
69
13%
5% 5%
* 8%
9
19% 19%'
23% 24
58% 59%'
18
18%
28% 29
69
*64%
98%
5%
8%
*19%
23%
58%
17
17%
150 *145
118
116
73% 72%
140 *130
69
*6% 7%
*6%
8
34% 34% *33% 34%
40
38% 38%
*38
22% 2 2 %
41%
46%
46
30
32%
70% 70%
41
42
34%
39
46%
30
70%
39
150
116
73
140
*68
12
65
*62
98% 98%
5%
5
8% *8%
20% 19%
23%
58%
59
17
17%
17% *17
34%
39
46%
30%
70%
41
50% 51% 51% 51%
61% 62% .62% 62%
6%
5% 6%
7%;
*29% 31 I 30
30
52
88%
104%
49%
104%
56%
101%
157%
78%
Lowest.
50% 51%
61% 62%
5
5%
30
30%
Highest.
14% 4,60’ 1078 Feb. II 15 May 16
63
850 .59% Mar. 5 68% Jan. 13
63% 11,810 52% Feb. II 64% May 196,570 55% Jan. 3 86% Apr 13
81%
1,110 33 Feb. 31 43% Apr 12
1,470 7 May 26 9% Jan. 8
*7
8
286 12% May 11 I 17 Jam 13
13% 13%
150 9 Mar. 81 11% Jan. 20
9
9
760 13678 Jan. 13:150 May 17
149 149
93
93% 120,730 85% Feb. 1 95 May 18
6,210 117% Jan. 8 127% May 17
124% 124%
34,455 110 Feb. 1 126% May 17
124% 125
70 138% Jan. 29 153 May 13
152 152
137% 137% 2,270 124% Mar. 181140% May 17
240 16 Feb. 1 22 Apr. 22
18% 18%
3,970 35 J afa 27 52% Apr. 22
49
49%
8,950 45% Feb. 1 54% May 17
52% 53%
2,175 106 Feb. 1 117% May 17
116% 116%
2,250 59 Feb. li 68 Apr. 11
65% 66%
2,636 2878 Mar. 141 39% Jan. 11
33% 34
137% 137% 20,520 131% Feb. 1 138% May 17
31% 32% . 9,740 21% Feb. 3 32% Apr. 14
66% 67% 22,705 56% Jan. 24 67% May 27
1,610 12% Mar. 14 17 Jan. 3
14% 14%
270 71% Feb. 1 82% Jan. 13
*75
77
27% 27% 4,526 21% Feb. I 32 Jan. 3
1,360 84 Mar. 12 100 Apr. 9
97% 97%
48% 50% 33.810 21% Feb. 4| 62% May 7
16
16% 5,820 12 Jan. 28 17 Apr. 7
137% 137%
1,677 128% Feb. 24 137% May 26
700 17% Feb. 4 27% Apr. 1
*24
25
45% 46
4,328 38% Mar. 24 47% Apr. 21
47,256 90 Feb 1, 98% May 19
97
98
400 93 Jan. 15; 99% May 14
68% 68% 22,597 57 Feb. 3¡ 70% Apr, 14
600 58 Jan. 221 67 Apr. 21
5,397 154 Jan. 5 161% Apr. 20
159% 160
1,600 51 Jan. 27 64% Apr. 5
61
61%
2,659 86 Jan. 27 95% May 19
93% 93%
500 66% Jan. 0 94% May 18
*93
94
3,013 98 Jan. 4)119 May 18
116% 117%
600 17% Feb. I I 20% Apr. 2
19
19%
44% 45%
3,150 40% Feb. 1 46 May 5
8,000 26% Feb. 1 34% Apr. 9
32
32%
110% 110% 23,020 104% Feb. 11 1 2 May 19
517 14% Feb. 1 19% Jau. 8
15
15
4,100 79% Feb. 1 88% Jan. 3
85
85
3,706 110 Feb. 1 114% May 19
113% 113%
*19% 19% 2,216 16% Mar. 15 20% May 16
4,500 27 Mar. 12: 37% May 18
35% 35%
34% 35% 56,905 29% Feb. 1 35% Apr. 12
74% 75%| 4,13S 65% Jan. 29 70 May 23
58% 59% 115,790 51 Jan. 12 j 66 Mar, 29
1,233 15% Feb. 4 20% Jam 3
*19
19%
1,011 11 Feb. 1 14 Feb. 14
12% 12%
600 31 Feb. 1 38% Feb. 14
36% 36%
|
1,315 17% Feb. 3 23% Jan. 3
21% 21%
53% 54% 20,645 43% Feb. 3¡ 55% May 16
31% 32% 21,895 26% Feb. 1 33% May 20
8,339 56% Feb. 1 63% May 19
61% 62%
30% 3078 2,300 22% Feb. 1 32% Apr. 4
34% 34% 18,710 29% Jan. 24 35% Apr. 7
38% 39% 25,495 30% Jan. 3 39%.May 25
45% 46% 181,805 34 Feb. ll 47% Apr. 18
38% 39% 17,045 37% Mar. 15 53 Jam 17
766 71% Apr. 26| 87% Jan. 17
75
75
175 80 Feb. 81 93 Jam 17
*92% 94
16,400 30 Jan. 27 44% May 26
43% 44
83
83% 15,350 61% Feb. 2 84% May 26
604 112 Jan. 281119% May 12
119% 119%
29,971 55% Jan. 7! 90 May 26
88
90
1,613 107 Jan. 101114% May 23
113 113
9,037 113 Feb. 11120% May 27
118% 120%
34% 34% 31,370 20 Feb. 3 35% May 23
61% 62% 21,722 53% Feb. 4 63% May 18
5,290 13% Feb. 1 22% May 6
20% 21%
6,131 23% Feb. 3 38% May 18
37% 37%
7,730 53 4pr. 7 63% Apr. 18
57% 58%
14%
62%
62%
80%
49% 50%
86% 87%
xl02%103%
49
49%
104% 104%
54% 55%
102% 102%
156% 157
77% 78
’ 145 150
145
115 117
115
72% 72% 71%
132
.......
115
72
.....
15,239
25,745
4,738
6,517
1,810
32,355
340
1,875
134,412
35% Feb. 1 53% May 19
79 Jan. 7 89 May 19
100% Mar. 14¡105% Ajmj. 18
38 Feb. 1 j 49% May 26
96% Feb. 1 105% May 19
48% Jan. 8 58% Apr. 7
101% May 26 115 Feb« 8
139% Jan. 4 159% May 23
70% Feb. 1 78% Mar. 9
139% Jan. 4 147 May
120 107 Jan. 5 118% May
1,243 62 Feb. 17 73% May
126% Jan. 25 134 May
70
69
530 33% Jan. 19
69
69
69
12
11% 12
300 10 Feb. 28
12%
*11
63
62 Apr. 26
*61% 64
400 97 May 3
98% *98
99
98
98
5
610 4% Mar. 23
5
5
8%
300 7% Feb. 15
8 % 8%
19%
250 19 Mar. 15
*18% 21
23
23% 23% 23
1,280 23 May 7
58% 58
58%
59
58
6,658 58 May 26
17% 16% 17% 17
500 15% Feb. 11
17
18% 18
18% 17% 17% 2,225 13% Jan. 5
28% 28%
800 26 Mar. 22
*6% 7%
*6% 7%
6 Apr. 22
7
100
7
33% 33% *33% 34% *33% 34%
500 28 Jan. 4
*38
39
38% 43% 41% 44
8,560 30 Jan. 8
22% 23
688 20 May 6
34% 34% 34% 34%
1,200 29% Mar. 5
*38
40
43
*39
300 38 May 11
46% 46% 46% 46% 46% 46%
4,270 35% Feb. 24
29% 30% 28% 30
28% 29% 12,270 25% MAy 14
70% 70% 70% 70% 71
746 62% Jan. 3
71
38% 40% 38% 40
6,770 38% May 25
39%
39
These are the prices bid and asked ; no sale was made at the Board.
• 14% 14%
63% 63%
63
63%
80% 81%
40% 41%
7
7
14
14
9
9
149% 149%
93% 93%
124% 124%
124% 124%
'150% 152
'137 138
*18% 19%
49
49%
53
53%
116%117
Friday,
May 27.
14
14
24
16
74% Apr. 6
13% Jan.; 10
67%Apr. 19
99% May 18
7 Jam 13
10% Jan. 14
23% Jan. 13
24% May 16
61 Apr, 29
18% May 12
22 Apr. 9
31 Jan. 3
8% Jan. 10
35 May 14
44 May 27
25 Feb. 12
36% Jan. 10
49% Jan. 27
50 Apr. 27
32% May 23
72 % Apr. 5
54% Jan. 14
51% 51% 50% 51% 5,521 42% Mar. l| 64% Jan. 3
62% 63% 63
64% 6,224,000 60 Feb. 16 72% Jan. 11
5% 10,600
5% 5%
5%
29% 29% *29
31 1
400
THE CHRONICLE.
676
[VOL. X U V .
BONDS—LATEST PRICES OP ACTIVE BONDS AT N. Y. STOCK EXCHANGE, AND RANQE SINCE JAN. 1. 1887.
Closing.
Railroad Bonds.
Bay 20 May 27
Rangt tines Jan. 1.
Lowest.
Highest.
Closing.
Railroad Bonds.
Bay 201 May 27
Range since Jan. 1,
Lowest.
Highest.
Mil. Lk. Sh. A W.—1st, 6s. 1921. 119 b. 120 b. 118 Feb. 122 Apr.
25% Feb. 38 May
36%
AtL & Pao.—W. D. ino., 6a, 1910 37
Michigan Dlv.—1st, 6s, 1924.. I18%b. 119%a. 114 Jan. 121 May
87 %a. 85% Mar. 90 Jan.
Guar., 4s, 1937.......... .
..... 87*2
103%a. 101% Feb. 107 Apr.
Income, 6s, 1911.....................
107 %b. 104% Feb. 107% May
Can South.—let guar., 5a, 1908 10716
133 b. 132 Jan. 133 Jan.
Minn. A St. L.—1st, 7s, 1 927....
90% Mar. 95% Jan.
93%
2d 58,1913............................ 93
85 b. 85 Apr. 90 Jan.
Imp. A Equip.—6s, 1922........
86 Feb. 94 May
(Jen. Iowa—1st, 7 b, ’99, coup, oft 91 b. 91
96% Feb. 102% Apr.
Mo. K.ATex.—Con., 6s, 1920... 101 % 102
Central of N. J.—1st, 7s, 1890.. 107»« 108 b. 105% Feb. 110 Jan.
83% Feb. 89% Apr.
89%
Consol., 5s, 1 9 2 0 ................... 88*8
117 May
107% Jan.
Consol. 7b, 1899, assent........... 115%b. 116
109% Feb. 113% Jan.
Consol., 7s, 1904-5-6................ 113% 113
Convert. 7s, 1902, assent...... 1 1 5i2b . 115 b. 109 Jan. 117 May
Mobile A Ohio—New, 6s, 1927 .. 113 b. 113 b. 108*8 Feb. 114 Apr.
107% Jan.
Adjust. 7 b, 1903....... .............. 10 714 b. 107% 105% Jan. 103% May
1st, Extension, 6s, 1927.. . . . . 104%b. 105 b. 104 May 106 Jan.
83*e Jan.
Convert, deb. 6s, 1908-------- - 100%b. 1 02 »2
66% Mar.
56 b. 60 Jan.
1st pref. debentures, 7 s .......... 61
Le'h & W.B.,oon.7s, 1909,a8’nt 114 b. 114 b. 110 Jan. 116 Feb.
84% Feb. 89 Mar.
86 %
Mutual Un. Tele.—S. f., 6s, 1911 87
105 b. 99 Jan. 106% May
Am. Dock & Imp., 5s, 1921. .. 106
130%b. 128% Mar. 131 Apr.
118% Mar. Nash. Ch. A St. L.—1st, 7s, 1913 130
Central Pacific—gold 6s, 1898.. 11634b. 117 b. 113% Feb.
107% Apr.
104%b.
Ban Joaquin Br. 6s, 1900........ 115 b. 114 b. 111% Feb. 115% Mar. N.Y. Central—Extend., 5s. 1893 1043sb. 135%b. 104% Jan. 137 May
133% Jan.
N.Y.C. A H .-1 s t, op., 78,1903 135 %b.
103 b. 102 Apr. 105 Mar.
Land grant 6s. 1 8 9 0 ...........
Debenture, 5s, 1904— ....... 109% 109 b. 106 Mar. 109*0 Feb.
115 b. 115 a. 112 Mar. 114 Mar.
Ches. & O.—Pur.m. fu n d 6 s,'98
N.Y.AHar.—1st, 7s, 1900....... 130%b. 130 b. 128% May 133% Apr.
75%b. 71 May 81 Jan.
6s, gold, ser. B.1908, coup, oft 77
85 Jan. 101% May
N. Y. Chic. <teSt.L.—1st, 6s, 1921.. 101% 100%
68 May 75% Jan.
71 »4
Exten. coup., 4s, 1986............ 72
70 Jan. 97% Apr.
32 Jan.
2d mort., 6s, 1923................ . 99 b.
25 b. 24% May
26
6s, currency, 1918
80 Apr.
65% Jan.
78
N.Y. CityANo.—Gen., 6s, 1910. 77%
96% Apr. 100 Feb.
97 »4
Mort. 6s, 1911................... . . . .
121% Mar. 123 Jan.
N.Y. Elevated—1st, 7s, 1906.... 121%b. 122
107%b. 101 Feb. 107 May
Ches. O. & 80. W.—5-6s, 19 1 1... 107
116%b. 115 Jan. 117 Apr. N. Y. Lack. A W.—1st, 6s, 1921. 127 b. 128% 125% Jan. 128% Apr.
116
Chicago & Alton—1st, 7s, 1893.
Construction, 5s, 1923............ 109%b. 108%b. 107 Feb. 110 Jan.
105 b. 104% Jan. 107% Mar.
Chie.Bur. & Nor.—1st, 5s, 1926.
107 Jan. 110% Feb.
Chic. Burl. & Q.—Deb. 5s, 1913. 107 »4 107 b. 106 Jan. 108»a Apr. N. Y. Ont. A W.—1st. 6s. 1914.. 109%
91% Jan. 95 Feb.
N.Y.Bus. AW.—1st, 6s, ’ ll.op.ofl
98%a. 97% Apr. 99 Jan.
Denver Divis., 4s, 1922.........
Debenture, 6s, 1&97, coup, oft *7 b . 78 b. 69 Feb. 77 Apr.
98% Jan. 103 Apr.
1 0 2 »2 a. 103
Chic. & Ind. Coal R., 1st, 5s, ’36
114%b. 114 b. 110 Apr. 115% May
Midland of N. J.—1st, 6s. 1910
120% Jan. 122% Jan.
Oh.Mil.& St.P—1st, I.&M.7s, ’ 97 124 b.
75% Feb. 86»e May
85%
N. O. Pacific—1st, 6s, 1920........ 86
Consol. 7s, 1905.................. . . 130»eb, 130»ab. 128 Jan. 130% May
115 Feb. 118»a Apr.
North. Pacific—1st,coup.,6s, ’21 117*8 118
1st, So. Min. Dlv.—6s, 1910.... 117»« 118 a. 115 Feb. 118 Feb.
Gen’), 2d, coup., 1933............. 105% 105% 103*e Jan. 107% Mar.
108 »4b 108 »a 106 »4 Jan. 109 Jan.
1st, Chi. A Pao.W.Div—5s, ’21
James R. VaL -1st, 6s, 1936.. 109 b. 109 b. 106 »a Jan. 111 May
Wls. A Min. Dlv.—5s, 1921 .... 106 b. 106»a 105% Apr. 108 May
N. Pac.Ter.Co.—1st, 6s, 1933... 105% 106 b. 104 Jan. 106% May
Terminal 5s, 1914.................... 105 b. 105 »eh 102% Mar. 105% May
117% May 123 Apr.
Ohio A Miss.—Consol., 7s, 1898.
Chic. A N. W.—Consol. 7s, 1915 139 »a 139 b 138% May 142 Jan.
118 a. 117 May 119 Jan.
2d, oonsol.,7s, 1 9 1 1 ..............
Gold, 7s, 1902......................... 131 »ab 132»a 130 Feb. 133 Jan.
108 b. 109 Jan. 112% Apr.
Springfield Dlv.—7s, 1905 . . . .
117 May 120 Jan.
117
Sinking fund 6s, 1 9 2 9..... . . . .
108% 108 Jan. 110% Mar. Ohio Southern—1st, 6s, 1 9 2 1 ... I l l a. I l l a. 102 Feb. lll» a Apr.
Sinking fund 5s, 1 9 2 9 .........
45 b. 40 Jan. 50% May
2d, Inc., 6s, 1921...................... 47%
Sinking fund debent. 5s, 1933 109 »«b 109 »ab. 108 »4 Jan. 110% Mar.
91*0 Mar. 102% May
102%
Oregon Impr. Co.—1st, 6s, 1910 101
25-year debent. 5s, 1 9 0 9 ...... 107 »4 106 b 106»4 May 109% Apr.
110%b. 110 b. 108 Jan. 110% May
Ore. R. &Nav. Co.—1st, 6s, 1909
130 Jan. 135 Jan.
Chi. R. I. A Pao.—6s, ooup. 1917, 134
105 b. 102% Feb. 106 Jan.
Consol., 5s, 1 9 2 5 ................. 105
108 »4b 109 »4b 108»4 Apr. 110% Feb.
Exten. A col. 5s, 1 9 3 4 ...........
104% Apr.
Ch. 8t.P.,M.A O.—Consol. 6s. ’30 123 »ab. 124%b 120% Mar. 124*8 May Oregon A Transoon.—6s, 1922.. 101*0 101% 100 Feb. 114 Jan.
Peo. Dec. A Evans.—1st, 6s, ’ 20. 112%b. 112%b. 110 Mar.
St. Paul A 8. O.—1st, 6s, 1919 124*8 124% 124 Apr. 127% Jan.
81% Jan. 87 Apr.
Income, 6s, 1920......... ........... 85%b.
98% Jan. 102 Feb.
Oh.St.L.A Pitts.—1st, con. 5s,’32 100 b.
108 Mar. 112 Feb.
Evansv. Div— 1st, 6s, 1920... 111%
0. 0. C. A Ind.—Gen. 6s, 1934 .. I l l a 111 a 107 Jan. 111% May
79% Jan. 87% Apr.
86 b.
Inoome, 6s, 1920............ .
98% Feb. 104% May
Col. Coal A Iron—1st, 6s, 1900.. 104»a 104
66 Jan. 77 Apr.
76
Rich A AU.—1st, 7s, 1920, tr. rec 76
75 Mar. 88*e Jan.
82»a
84
Col. H. Val. A Tol.—Con. 5s, '31
111% Mar. 114% May
114
Riohm. A Dan.—Cons., 6s, 1915 114 b.
70 Mar. 91 Jan.
85 b.
Gen. gold, 6 s,1904........ .
106 Feb. 114 Apr.
Debenture, 6s, 1927.............. 115 a.
122 b. 120%b. 118% Feb. 120% Feb.
Denver A Rio Gr.—1st, 7s, 1900
114 Feb. 120 Mar.
76 »4 Feb. 82% May Rooh. A Pitts.—1st, 6s, 1 9 2 1 ... 120 b. 120
82 »4
1st con. 4s, 1936 .................... 80%
108 Jan. 117 Apr.
Consol., 6s, 1922.. .................. 115 b. 115
Den. A R. Gr. W .-ls t, 6s, 1911 82 b. 82%b. 79 Mar. 82 Apr.
110 Jan. 112% May
Rome W. A Ogd.—1st, 7s, 1891. 112%
73% Mar. 78 Jan.
Assented........................ . •--! 77 b. 77*8
Consol., extend., 5s, 1 9 2 2..... 102%a. 102 % 101% Apr. 104% Mar.
81 b. 68 Apr. 82 May
82
Den. So. Pk. A Pac.—1st, 7s, ’05
104% 104 May 108% Apr.
St. Jo. AGd.Isl.—1st, 6s, 1925 . 104%
49% Feb. 56 May
53
Det.Mao.A M.—Ld.gr.3 »28,1911 54
70%b. 71 b. 70 Mar. 75 Apr.
2 d ,income, 5s, 1925 ........
98 »4 Feb. 101% Apr.
99»e
E. Ten.V. A G. Ry.—Con.,5s,’56 99 »a
114 Jan. 115 Apr.
St. L. Alt. A T.H.—1st, 7s, 1894. 115 b.
Eliz. Lex. A B. Bandy—6s, 1902. 103 a. 104 a. 103 May 108 Jan.
110 Feb. 112% Mar.
2d, M., pref., 7s, 1894............. 113 a.
136 b. 132% Mar. 136 Jan.
Erie—1st. consol, gold, 7s, 1920 135 a.
2d., M., inc., 7s, 1894........... . 106 a. 104%b. 105 May 108 Jan.
116 b. 113»a Jan. 115 Mar.
Long Dock, 7s, 1893
35 Jan. 47 May
Dividend bas, 6s, 1894........... 46% a. 46%
115 Jan. 120 Mar.
118 »4b
Con. 68,1935........
98 % Feb. 102% Apr.
St. L. Ark. A Tex.—1st, 6s, 1936 100% 100
93% Feb. 104*8May
N.Y.L.E.AW—2d con. 6s, 1969 104*8 104»a
2d, 6s, 1936............................. 50 b. 51 b. 49% Feb. 55% Jan.
88% Feb. 95% May
Funded coupon, 5s, 1969. .. 94%
St. L. A Ir. Mt.—1st, 7s, 1892... 112%a. lll% b . 110 Mar. 115 Jan.
88 »4 Jan. 98% May
97»a
Ft. W. ADenv. C. -1st, 6s, 1921 97%
111% 109 May 114% Mar.
2d mort., 7s, 1897...................
GaLHar.A San. Ant.—1st, 6s, ’10 107 b. 108 b. 106 Feb. 109% Mar.
94 Apr. 99 Jan.
Gen. Ry. A land gr., 5s, 1931. 95 a. 94
110 May 111 Jan.
2d M., 7s, 1 9 0 5 .......................
St. L. A San Fr.—6s., Cl. A,1906 114 b 114 b, 115% Jan. 115% Jan.
96% Apr. 100% Jan.
94»aa.
West. Division—1st, 5s, 1931.
114 May 117 Apr.
114 b 114 b
6s, Class B, 1906-------92% Jan. 92% Feb.
2d, 6s. 1931...........................
114 b, 114 b 113% May 117% Apr.
6s, Class C, 1906.............
99 Jan. 109 May
Gr’nB. W. A St.P.—1st, 6s, 1911 110 a. 108
114*8 114% 108% Feb. 115 May
Gen’l mort., 6s, 1931 —
38 Jan. 53 May
2dinoome8s, 19 1 1................ 50»ab. 51%
So. Pao., Mo.—1st, 6s, 1888... 103% 103% 101% Jan. 104% Jan.
125 May
Gulf Col. A San.Fe—1st,7s, 1909 124*8 124»ab. 120% Jan.
110% Jan. 118 Apr.
106 »aa. 101% Jan. 106% May St. Paul M. A M.—1st, 7s, 1909
Gold, 6s, 1923.......................... 106
118 Feb. 121 Mar.
2d, 6s, 1909............................. 119%b
Henderson Br.Co.—1st. 6s, 1931 108%b. 108 »ab. 106% Mar. 110 Feb.
1st oons., 6s, 1933................ 119 %b 119%b 113 Mar. 120% May
112% Jan. 119% May
H. A Tex. C.—1st M. L. 7s........ 119 a. 118
Do
reduoed to 4%s.. 101 b 101 a 93 Feb. 101% May
119% May
1st, West. D., 7s, 1891.............. 118 a. 114 b. 108 Mar.
113 Feb. 119% May Shenandoah Val.- 1st, 7s, 1909 108 %b 103 %b 96 Jan. 109 May
1st,Waco A N. 7s, 1903............
Gen’l mort., 6s, 1921............... 54 b 52% a. 37 Mar. 55 May
94 Feb. 112 May
2d, consol. M. L. 8s, 1 9 1 2 ..... 109
So. Carolina—1st, 6s, 1620........ 96 b 96 b 96 May 107% Jan.
79% May
66 »4 Feb.
Gen. mort. 6s, 1921................. 76»4
65 May 80 Jan.
65
2d, 6s, 1931..............................
108% Jan.
HI. Central—1st, gold, 4s, 1951. 107 »aa. 107 b. 107 Feo.
25 a 19 Mar. 28% Jan.
Ino., 6s. 1931........................... 20
96»ab. 95 May 99% Jan.
Gold, 3% s,1951. ....................
113 b. 110% Feb. 113% May
So. Pao., Cal.—1st, 6s, 1905-12.. 113
Ind.Bl. AW.—1st,pref.,7s, 1900 126 a. 121 b. 119% Jan. 124% Feb.
114%b. 110 Feb. 112 Apr.
So. Pao., Ari.—1st, 6s, 1909-10..
96»ab. 91% Jan. 99 May
1st, 5-6s, 1909.......................... 99
105% Jan. 109 May
109
So. Pao., N. M.—1st, 6s, 1911. ..
88 b. 77% Jan. 86 Jan.
2d, 5-6s, 1909........................... 85
58% Feb. 66% Feb.
62%
91 Jan. 98% May Tex. A Pac.—Ino. A Id gr, 7s, ’15 63%
Eastern Division—6s, 1 9 2 1... 98>a
Rio Grande Div.—6s, 1930 ... 77 %b 78 %b. 64 Feb. 78% May
34*8 Apr.
33%b 30»4 Jan.
Income, 6s, 1921..................... 34
65 Mar. 72 Apr.
Gen. mort. A term., 6s, 1905.. 70 b, 71%
114 b 112% May 122 Mar.
tot. A Gt. Nor.—1st, 6s, gold,’ 19 114
89 Jan. 100 May
99%
Tol. A. A. A N. M.—1st, 6s, 1924. 99%
93 b. 93 Jan. 98 Feb.
Coupon, 6s, 1909..................... 93»a
103 Jan. 107 May
107
Tol. A. A. A Gr.Tr.—1st, 6s, 1921
Kent. Oentr.—Stamped 4s, 1911 73%b. 74 %b 64 Jan. 75 May
Tol. Peor. A West—1st, 7s, ’17 . 10* 8 % 108 b- 104 Jan. 112 Feb.
96 b 95»4 Jan. 100 Jan.
Knoxv. AO.—1st, 6s, gold, 1925 99
Tol. A Ohio Cent.—1st, 5s, 1935 98 %b. 99%b- 95 Jan. 99% Jan.
LakeSh.—Con.coup.,l8t,7s,1900 126 b 128% 125% Feb. 128% May
Union Pacific—
1st, 6s, 1899— 117%b 117%b. 114 Jan. 119% Mar.
126% 122% Jan. 126% May
Con. coup., 2d, 7s, 1903.
103%b.
Land grant, 7s, 1887-9...................- .. 103 %b. 102 Jan. 102% Jan.
121 Feb. 124 Mar.
120 b.
Long Island—1st, 7s, 1898
Sinking fund, 8s, 1893........ ..¡116%b. 116%b. 115 Mar. 120 Feb.
113 Feb. 115 Feb.
1st, consol., 5s, 1931....
114% 111% Feb. 115 May
Kan. Pacific—1st, 6s, 1895—
Lou. A Nash.—Consol., 7s, 1898 118 b. 118% 118 Apr. 121% Feb.
1st, 6s, 1896.......................... 114*0b. 114%b. 111% Jan. 115 Mar.
N. O. A Mobile—1st, 6s, 1930 lll% b . 112 %a. 105 Jan. 113 May
Denver Div.—6s, 1899......... 114%b. 114%b. 114 Jan. 117% Apr.
90*8 Jan- 99% May
2d, 6s, 1930.......................... 100 a.
1st consol, 6s, 1 9 1 9 ........... 102 % 103% 102% May 109 Apr.
115 Jan. 117% May
E. H. A N.—1st, 6s, 1919....... 117 b.
Oregon Sh. Line -1st, 6s, ’ 22.. 102 %b. 102% 100 May 107% Jan.
107 J an. 114% May
General, 6s, 1930.................... 114%b.
95 Apr. 99 Jan.
Virginia Mid.—Ino., 6s, 1927.... 98 %a. 97
Trust Bonds, 6s, 1922............ 108%b. 108 %b, 104% Jan. 109 May
49 Jan. 60% May
Wab. St.L. A Pac. - Gen., 6s, ’20 58%b. 58
98 Jan. 103 Apr,
10-40, 6s, 1924....................... 103 a. 101 %
89 Feb. 104% May
Chicago Divison—5s, 1 910.... 103% 102 %
109 Jan. 114 May
Lou. N. A. A Ch.—1st, 6s, 1910. 112»4b. 114
Wabash—Mortgage, 7s, 1909.. 95 b. 94 b 84% Mar. 97 May
93 Apr. 97 Mar
Consol., gold, 6s, 1 9 1 6 .......... 95 b. 97
Tol. A Wab.—1st, ext., 7s, '90 117 b. 117% 110% Jan. 117% May
101 Jan. 107 May
107
Mem. A Ch’lston—6s, gold, 1924 107
106 Jan. 116 May
116
1st, St. L. Div.. 7s, 1889.......
117 Jan. 120% May
Metro. Elevated.—1st, 6s, 1908. 119%b. 120
2d, extended, 7s, 1 8 9 3 ...... 107% 106 b 99 Jan. 108 May
2d, 6s, 1899............................. 108 »4b. 108 »4b 108 May 113 . Apr.
84 Mar. 99 May
Con., conv., 7s, i9 0 7 ........... 95 a. 94
Mich. Central—1st, con., 7s. ’02 128 b 128 b. 127 May 131 Apr,
Great West.—1st, 7s, 1888---- 117%b 116%b. 109 Jan. 117% May
Mlss’riPac.—1st, cons., 6s,1920 115 b 115% 114% Feb. 119 Apr,
2d, 7s, 1893........................... 107%a 105%b. 99 Jan. 107 May
8d,7s, 1906............................... 122 b, 122 b. 122 Jan. 126 Apr,
109 Mar. 112% Feb.
St.L.K.C. AN.—R.eAr.,7s,’95.
Pao. of Mo.—1st, 6s, 1888....... 103 »4 103»4b. 102 Feb. 105 Jan.
102% Mar. 104 May
103% 104
West Shore—
Guar., 4 s ...
108% Mar. 110 Jan.
2d mort., 7s, 1891...............
S T A T E B O N D S.
Bid. Ask.
SECURITIES.
Bid. Ask.
SECURITIES.
Bid. Ask.
SECURITIES.
108% Missouri—6s.......due 1889 or 1890
Asylum or University, due 1892
112
Funding.................. ..1894-1895
105
New York—68, loan.......... ....18 9 2
Ï05**
6s, loan........ ........................1893
14
11
North Carolina— old........... J&J
6s,
33
25
Funding a c t .........................1900
31
25
New bonds, J. & J ___1892-1898
14
10
Chatham R R ......................
108 109
Special tax, Class 1............
100
Consolidated 4s....................1910
89
88
6s............................................ 1919
Miohigan—7s........................... 1890 107
Alabama—Class A, 3 to 5 .....1 9 0 6
G
la<u> K, Rh _________ ____1906
ClasB C,'4s,........................... 1906
fin 10-20 ...........................1900
Arkansas—6s, funded.. 1899-1900
7s, Little Rock & Fort Smith, iss.
7s, Memphis & Little Rook, iss..
7s, Arkansas Central R R ...........
Georgia—7s, gold.......... ........ 1890
Louisiana— oons____ .....1 9 1 4
7s,
108
106%
112 . . . . . .
115
115
118 ........
35
12
22
9
12% *15**
100
123% 1125
Rhode Island—6s, co u ..1893-1894
South Carolina—6s, non-fund. 1888
Brown consolidated 6s.......1893
Tennessee—6s, o ld ......1892-1898
Compromise, 3-4-5-6S...........1912
New settlement—6s..............1913
5s.........................................1913
3s.........................................1913
Virginia—6s, old..............................
6s, consolidated bonds................
6s, consolidated, 2d series........
6s, deferred, trust rec..................
Note —
The letter “ b” indicates price bid, and “ a” prioe atlced; all other prices and the range are from actual sales
116
7
6
108% 110
65
62%
75
72
104
102
75
48
90
65
11
77
11%
677
THE CHRONICLE.
Ma t 28, 1887.]
BONDS—STOCK EXCHANGE QUOTATIONS ON EBIDAY OP INACTIVE RAILROAD BONDS.
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid. Ask.
R a ilr o a d B on d s.
Erie—1st, extended, 7s..........1897
Union Pacific—(Continued)—
(Stock Exchange Price/.)
2d, extended, 5 s ........ ........ 1919 115% 116
Ut. So.—Gen., 7 s ............. 1909
91
91%
Atoli. Top. & San. Fe—4%s ...1920
3d, extended, 4 % s ...............1923 105 109
91% 93
Exten., 1st, 7 s ...............1909
Sinking fund, 6 a .................. 1911
4th, extended, 5s..................1920 115 117%
St. Louis A San Franoisco—
87
Beecn Creek— gold, 4s...... 1936
1st
5th, 7s................................... 1888 105%
1st, 6s, Pierce C. A O........ 1919 118
Balt. A Ohio—1st6s, ParkB ..1919
1st, cons., fd. coup., 7s.......1920 131 134
Equipment, 7 s ..................1895 108
112 14
5s, gold..................
1925
Reorg., 1st lien, 6s...............1908
Gen. mortgage 5s............. 1931 100 % 101
Registered.................................
B. N. Y. A E.—1st, 7s..........1916 138
Kan. City A S.—1st, 6s, g.1916 103% 105
Bost. H.Tun. & W.—Deb. 5s...1913 99% 100
N. Y. L. E. A W.—Col. tr„ 6sl922
Ft. S. A V.B. Bg.—1st, 68.1910
108
109
Bari. Cedar Rapids & Nor—
Buff. A S. W.—Mortg. 6s__ 1908 ’’ 96*
St. L. K. A So.Wn.—1st, 68.1916
1st 5 s ....................
1906 10913
Evan. A T. H.—1st, cons., 68.1921 119 121
Tex. A Pao.—1st, 6s............1905 109
100 %
Consol. A col. tr, 5s............. 1934
Mt. Vernon—1st, 6 s ...........1923 115 116
1st, 6s, ox coupon..........
109
....
Registered..................
Evans. A Indian.—1st, cons...1926 108 112
Consol.. 6s........................ 1905
Minn. A St. L.—1st 7s,gu .1 9 2 7 132
Fl’t A P. Marq.—Mortg., 6 s... 1920
122%
Con. 6s, ex coupon............ .
Iowa C. & West.—1st 7s....1909
Grand Rap. A Ind.—Gen. 5s., 1924
96
Trust receipts...................... . 102
Registered........ ........... ............. .]
Ced. Rap. I. F. & N., 1st 68.1920 102 107
Pennsylvania RR.—
105
1st 5s................................. 1921
Han. A St. Jos.—Cons., 6s...... 1911 120 121
Fa. Co.’s guar. 4%s, 1st op.. 1921 106% 107
Buff. N.Y. APhil.—Cone. 6 s ...1921
Hous. E. A W. Tex—1st, 7 s ...1898 69
Pa. Co.’s 4%s, reg..............19 2 1
106%
45 *9 46
Trust certificates............. .
111. Cent.—Sp. Div.—Coup.,6s,1898
Pitts. C. A St. L.—1st,op., 7s. 1900 119
General 6s,........................... 1924
Middle Div.—Reg., 5 s ........ 1921 112%
Registered..................................
35
Trust certificates...........
C. St. L. A N. O.—Ten. l.,7s. 1897
2d, 7s..................................1913
1st, consol., 7 s .................. 1897 116
Central Iowa—
Pitts. Ft. W. A 0.—1st, 7 s... 1912 141 144
Eastern Division—1st 6s ..1912 72
2d, 6s.................................. 1907
2d, 7s.................................. 1912 139% 141
74
Illinois Division—1st 6s.......1912 70
Gold, 5s, coupon.............. 1951 118 119
3d, 7s.................................. 1912 135
Chesapeake A Ohio—
Registered................... .
Clev. A P.—Cons., s. fd., 7s. 1900 127%
107
6s, gold, series A ..................1908
Dub. A 8. C.—2d Div., 7 s . ..1894
4th, sink. fd.. 6s...............1892 108
Chos. O. A So. West.—2d 6 s... 1911
Ced. Falls A Minn.—1st, 78.1907 107 112
St. L. V. A T .H .-ls t , g., 78.1897 119 123
Chicago & Alton—
Indianap. D. A Spr.—
2d, 7s......................
1898 109
Sinking fund, 6s.................. 1903 123
1st, 7s, ex. fund, coupon.... 1906 108 109
2d, guar., 7s....................... 1898
Louis. A Mo. River— 7s.. 1900 122
1st
Lake Shore A Mich. So.—
Pine Creek Railway—6s of 1932
2d 7s................................... 1900 115 I I 8I9 Cleve. P. A A.—7 s ..... .........1892 112 113 Pitts. Cleve. ATol.—1st.6 s... 1922 114 115
St. L. Jacks.A Chic.—1st, 7s. 1894 1161a 119
Buff. A Er.—New bonds, 7s. 1898 * 120% 122% Pitts. Junction—1st, 6s..........1922
1st, guar. (564), 7s........ ..1894
120
Kal. A W.Pigeon—1st, 7 s... 1890
Pitts. McK. A Y.—1st, 6s.......1932
2d mortg. (360), 7s........... 1898 1 1 8 ia
Det. M. A T.—1st, 7s............1906 127
Rich. A Danv.—Assen. deb., 68.1927
94
2d, guar. (188), 7s............. 1898
Lake Shore—Div. bonds, 78.1899
124% Consol, mort., gold, 5s........ 1937
93
Miss. R. Bridge—1st, s.f. 68.1912 106is
Consol., reg., 1st, 7 s ........ 1900 126 127% Atl. A Char.—1st, pr., 7 s... .1897
125
Ohio. Burling. A Quincy—
Consol., reg., 2d, 7 s ..........1903 122 % 122%
Incomes.............................1900 101
Consolidated, 7 s ........ ......1 9 0 3 134 135
Mahon’g. Coal RR.—1st, 5s. 1934 106%
Rioh. AW. Pt. Ter’L Trust 6s. .1897
98%
5s, sinking fund...................1901
Long Island RR.—
San Ant,A Arans.—1st,6s,'85-1916 91
91%
Iowa Div.—Sink, fund, 5s..1919 111
N. Y. A M. Beach—1st, 7 s..1897
1st, 6s, 1886......................... 1926
91
98% N. Y. B. A M. B.—1st, g., 58.1935
Sinking fund, 4 s .............. 1919
98
Scioto Val.—1st, cons., 7b.......1910
Plain, 4s................................ 1921
Louisville A Nashville—
Coupons off........... ....................... 64
70
Chic. Burl. A No.—Deb. 6s___1896
Ceoilian Branch— ........1 9 0 7
7s
111
St. Louis A Iron Mountain—
Chi. R. Isl. & Pao.—6s, coup..1917 13319
Pensacola Div.—6s............... 1920
Arkansas Branch—1st, 7s.. 1895 * 112%
Registered........ .......................... *133%
St. Louis Div.—1st, 6 s ........ 1921 115%
Cairo A Fulton—1st, 7s.......1891 108 108%
Ext. A Col., 5 s ..................... 1934 109%
2d, 3s.................................. 1980
Cairo Ark. A T .—1st, 7 s....1897 115 117
R egistered................. .
109
Nashv. A Decatur—1st, 7s..1900 121
St. L. Alton A Ter. Haute—
Eeok. A Des M.—1st, 5s ....1923
110
S. A N. Ala.—S. f., 6 s .......... 1910
Bellev. A So. 111.—1st, 8s. ..1896
125
Chicago Milwaukee A St. Paul—
Louisv. C. A L.—6 s ............. 1931
Bellev. A Car.—1st, 6 s ........ 1923
1st, 8s, P. D ..........................1898 130
Pens. A At.—1st, 6s, gold.. 1921
100% St. Paul Minn. A Man.—
2d, 7 3-10s, P. D .................. 1898 124%
jou. N. O. A Tex.—1st, 5s___1934
Dakota Exten.—6s.............1 9 1 0 118% 119
1st, 7s, S g., R. D ................ 1902 130
Manhat. Beach Imp. Co.—7s. 1909
90
Min’s Un.—1st, 6s................ 1922
1st, La Crosse Division, 7s.. 1893 123% 124% Mexican Central—1st, 7s.......1911
St. Paul A Duluth—1st, 5s....1931 110 113
1st, I. A D., 7s...................... 1899
127
Ex coupons 6 ,7 ,8 .... . . . . . . . . . . .
Sodus Bay A So.—1st, 5s, g..,1924
1st, C. A M., 7s..................... 1903 130
New assented,4s................ 1911 71% 71% Tex. Central—1st, s. r., 7 s ___1909
80
1st, 7s, I. A D. Ext.............. 1908 130
Income bonds....................... 1911 24% 25
1st mortg. 7 s .........................1911 80
1st, S. W. Div., 6s................ 1909 117
Mich. Cent.—1st, con., 5s........1902
110% Tex. A N. O.—1st, 7s............... 1905 115
1st, 5e, La C. A D a v ........... 1919 105%
6 s ................................... .,...1 9 0 9
Sabine Division, 1st, 6s....... 1912 *103%
1st, H. A D., 7 s ....................1910 127 127% Coupon, 5 s ............................1931
110
Vir. Mid.—Genl. 5s.................. 1936
"89*”
1st. H. A D., 5s.....................1910
Registered, 5s....................... 1931
Wab.St.L. A Pao.- Hav. Div.--6s. *10
Chicago A Pacific D iv.,6s.. 1910 122%
Jack. Lan. A Sag.—6 s ........ 1891 104
Indianapolis Div.—6s..........1921
Chic. A Mo. Riv. Div., 5s ...1926
Milwauk. A North.—1st, 6 s ...1910 110%
Detroit Div.—6 s ...................1921 ........ 99%
Mineral Point Div., 5s........ 1910 105%
Extension, 6 s .................... ..1913 109% 110
Cairo Div.—5s....................... 1931
O. A L. Sup. Div., 5s........... 1921 104%
Milw. Lake S. A West.—
Tol. AW ab.-Equip. bds.,7sl883
Fargo A South., 6s, Assu ...1924
Conv. deb., 5 s ....................1907
102
Quin. ATol.—1st, 7s........ 1890 102 i'08
Ino. conv. sink, fund 5s....... 1916 98%
Ashland Div.—1st, 6s..........1925 116 118
Han. A Naples—1st, 7s.... 1909
Dakota A Gt. South., 5s...... 1916
103 Minn. A St. Louis—
111. A So.Iowa—1st,ex. 6s. 1912 100 105
Chicago A Northwestern—
Iowa Ext.—1st, 7s............... 1909 119
St. L. K. C. A N.—
Extension bonds.................. 1926 96% 97% 2d mortg., 7s.........................1891 100
Omaha Div.—Tr. Co. rec.1919 124% 124%
Escanaba A L. S.—1st, 6 s... 1901 116
Southwest Ext.—1st, 7s ....19 1 0 108
Clarinda Branch—6s_ 1919
_
Des M. A Minn.—1st, 7s ....19 0 7
Pacific Ext.—1st, 6 s ........... 1921 106 115
8t.Charles Br’ge—1st,6s. 1908 104
Iowa Midland—1st, 8 s ........ 1900 132 136 Minn. A Pac.—1st mortg. 5 s..1936
No. Missouri—1st, 7 s........ 1895 118
Peninsula—1st, conv., 7s_ 1898 130
_
Minn. A N. W.—1st, 5s, gold..1934
Chic. A Milwaukee—
1st, 7s. 1898 123 125 Mo. K. A T.—Cons.,2d, ino___1911 102% 103% Wab. St. L. A Pac.—Iowa Div., 6s.
96
Trust Co. receipts........................
Win. A St. P.—2d, 7 s .......... 1907 130 134
H. A Cent. Mo.—1st, 7s.......1890 105
West. Union Tel.—Coup. 7s.. .1900 117
Mil. A Mad.—1st, 6 s ........... 1905 115
Mobile A Ohio—Col. tr., 6s ...1892 104
116% il9 * ”
Ott. C. F. A St. P .- ls t , 5 s..1909
St. L. A Cairo-4s, guar.......1931
N. W. Telegraph—7 s ............... 1904
Northern 111.—1st, 5 ............ 1910 107 109 Morgan’s La. A T .-ls t , 6s___1920 73
Wheeling A L. E., 1st M. 5s. .1926
Cin. I. St. L. A Chicago—
1st, 7 s ....................................1918 120 123 Tenn. C .I.A R ’y.—Consol.,6s.19011
1st, gold, 4 s ......................... 1936
Nash. Chat. A St. L.—2d, 6s.. 1901 110 % 111% South Pitts.—1st, 6 s ............ 1902
Registered........................
106%
N. Y. Central—6 s ....................1887 103%
Bir. Div.—1st con. 6s............ 1917 89
Cl. Col. Cin. A Indianap.—
J. June.—Guar. 1st, 4s.......1986
1st, 7s, s. f d .......................... 1899 120 123 N.Registered certificates................ 104 105 Col. A Hock. Coal A I.—6s, g.,1917
In com e B on d s.
Consol. 7 s ............................. 1914
Y.
A O.—Prior lien, 6s ..1895
(Interest payable it earned.)
Consol, sink, fd., 7s .." " * * 1 9 1 4 *120% ...... N. Y. P. New Eng.—1st, 7 s ....1905 110
N.
A
Atlantic A Pacific—
Chic. St. Paul M. A O.—
1st, 6 s ....................................1905
Central Division—Income.. 1922
Chic. 8- P- A Minn.—1st, 6s. 1918 123% 124 N.Y. Susq.AWest.—1st,ref. 5s.1937 95% 96
Cent. Iowa—Coup, debteertf’s.......
No. Wisconsin—1st, 6s........ 1930 124%
N. Y. N. H. A H.—1st, reg. 4S.1903 113
Chicago A East 111. —
Income.. 1907
Chic. A E. 111.—1st, s. f., cur.. 1907 117% 118
Northern Pacific—
Des M. A Ft. D.—1st inc., 6s. 1905
Consol., 1st, 6s_
_
1934 115 117
Spok. A Pal.—1st, s. fd., 6s. 1936 104 105% Det. Mack. A Marq.—In c....... 1921
Chic. A W. Ind.—1st, s.f.','¿¿:.1919
117% St. Paul A N. P.—Gen., 6s.. 1923 119% 119% Eliz. City A Nor.—2d ino.........1970
General mortgage, 6............ 1932
115%
Registered................................
Ind’ap. Dec. A Spr.—2d i n c 1906
rT1 * ,8t- Louis—1st, 6s.......1915 ......
,
N. O. A No. E.—Pr. 1., g., 6s ..1915
Trust receipts..............................
45
Col. A Green.—1st, 6s..............1916
46%
Norf. A W.—Gen., 6s............... 1931 113%
Leh. A Wilkesb. Coal............... 1888 98%
2u, 6b. ............
-1.1926
New River—1st, 6s............... 1932
Mobile A Ohio—2dpref. deben ....
s i’”
Col. A Cin. Midland—ieti'6s'.'l914
"99%
Imp. A Ext., 6s....................1934 100 %
3d pref. debentures...................
DeL Lack. A West.—Conv. 7s. 1892 *115
29
Adjustment M., 7s................ 1924 105
4th pref. debentures................ .
Mortgage, 7 s . .. ....................1907 *132
23
Ogd. Lake Ch.—1st,
N.Y. L. E. A West.—Ino., 6s..1977 72% 89
§PraA N. Y.—1st, 7s. 1906 133 135 Ohio A Miss.—Cons., s.6 s ...... 1920
A
f., 7 s ..1898
Ohio Cent.—
Min. Div.--Inc. 7s. 1921
Morris A Essex—1st, 7s.......1914 140% 141% General 5s............................. 1932 117
Ogdensburg A Lake Champlain—
S*’ 7 0 - ............................. 1891 110%
hio Cent.—1st Ter. Tr., 6 s ...1920
Income.................................. 1920
Bonds, 7 s . . . . . . . . . . . .
1900
Roch. A Pittsb.—In com e.......1921
70 of ¿ 8 7 i............: : : : : : : : . i 9 o i 126 126% Min. Div.—1st, 6 s.................1921
100 % St. L.I.M. A 8.—1st 7s, pf., int. acc’t.
Twu10\ ° ° “ ->guar., 7 0 ............1915 137% 138
........ 1921
Sterling I. A R’y, series B.—In c.’94
DeL & Hud. Canal—1st, 7s. ..1891 110
103
1st, ext., 7 s ........
iQQi 106
Plain income 6s....................1896
87 Shenandoah Valley—Inc. 6s.. 1923
’ 86 %
Coupon, 7s,...............
1894 116 110
111
F r e e L is t .
, Registered, 7s........... '"*1894 115%
2d M., 4 % s ............................ 1921
Cin. A Sp.—1st M.C.C.C. A I.7s.l90l! 118%
140 ...... ’aciflc RR.—
Central Pacific—
1st M. g., L. 8. A M. S., 7s....1901
’140
Gold bonds, 6s.................. 1895 116% 117% Cumberland A Perm.—Ist,6s.l891
Albany A Susque—ist,*7s'.'.1888 105
Gold bonds, 6 s . .. . . . .........1896 116%
2d mort. 6s............................1888
140
Gold bonds, 6 s .............. ,1897 116% 117% Gal. H. A H. of ’82—1st, 5s..1913
t t t e r e ^ 78........1906
Cal. A Oregon—1st, 6 s ....1888 103%
Jefferson RR.—1st, 7s........... 1889
119 121
Cal. A Oregon—Ser. B., 6 1892 104%
N. Jersey South.—Guar. 6s...1899
119%
West. Pacific—Bonds, 6s_ 1899 115% 118 Pullman’s Pal. Car—Deb. 7s.. 1888
_
^ ¿ i f t e r e d ^ 8?:.C ° ^ : . 78;.i92'i 140% 141% No. Railway (Cal.)—1st, 6s.1907 121 122
.
Wabash.—Tol. A 111. Div. 7s...........
140
Union Pac.—1st, 6s............. 1896 116%
Dec. Mack. A Mar.—1st" 6 s "" i qoi
Lake E. Wab. A St. Louis, 7s___
1st, 6s.................................1897 116% 117
D et Bay C. A Alp - l i t ’ 6 " 1913 108 i'10"
Gt. West. 1st mort. 7s.................
1st, 6s............................... .1898 117 117% HI. A So. Iowa 7s.........................
E. Tenn. Va. A g I - K k - i g o o i 122% 123%
Col. Trust, 6s..................... 1908
Divisional 5s...........
toqn 110
Decatur A E. St. Louis 6s...........
Col. Trust, 5s..................... 1907 101% 102% Quincy A Toledo 6s.....................
109% 110
C. Br. U. P.—F. o .,7 s ....... 1895 105
EJJX.C. AN.—S.f., deb.,6s. ..1921
Tol. A Wab. 2d mort. 6 s ............
Atch. Col. A Pac.—1st, 6s. 1905 109%
1st mortg.. 6s - . . . . . . . . . .
1920
Wab. A Western 2d mort., 6 s,...
Atch. J. Co. A W.—1st, 6S.1905 ’105
Consolidated Convertible 6s......
No price Friday; these are latest quotations made this
THE CHRONICLE.
678
Quotations in Boston, Philadelphia and Baltim ore.
S E C U R IT I E S .
Bid.
A sk .
S E C U R IT IE S .
[v o l
x ijy .
New York Local Secnrltles.
B a n k S to c k L is t .
Bid. Ask
BANKS.
Bid.
Ask.
BANKS.
Ask.
A sk .
Bid.
Bld.
BANKS.
[ Bid.
RAILROAD BONDS.
119«
Allegh; V a l.—7 3-10s; ’86
Gallatin .'. . 200
180
Am erica........ 176
J .Y . County 200
7s, E . ext., 1910......... 110
.Land grant, 7s..........
J. Y . N a t.E x 122
Garfield........ 175
145
Am . K x o h ... 141
21« B roadw ay... 260 270 Germ’ n A m .. 110
96%
Ninth............. 131
Ino. 7s, end., coup., ’94
Plain; 5 s ,...........................
Balt, at O.E. Side—
Certs, 110
M. Am erica. 125
M ortgage, 5 s . . . . . . . . . . . . 8100 102
Garmanla. .. 200
Butohs’ A Dr 165
Belvid’e Del.—lat.fis, 1902 118
M ortgage; 4 « 8 . . . . . ........ ” 99
North Riv’r. 130
Central...... 136 140 Greenwion 115
103
Cons. m:'4s., 1927.......
a a n o v e r. . . . 170
O riental.... 187
Trust, es.................... . 10»’4
C h a s e ........ 200
B ur.A M o.ln N eh.—E x ’t,6s 120
Bell's Gap—1st, 7s, 1898.
Pacific........... 155
I m. A Trad’s1 330
C h a th a m .... 210
108 H
i
1st, 6s,1 9 0 5 .............
,6q n o n -e x e m p t .......
Park............... 175
Irving
142
C h em ical.... 2800
93
94
Com, 6s, 1 9 1 3............
People’ s . . . . 160
Leather M is’ 208 212
Citizens’ . . . . 135
Buff. N .Y . A Phil.—1st,6s
Phenlx.......... 112
Land grant, 7s . . . . . . . 1 1 5 «
Manhattan.. 162 165
C i t y .............. 300
112 114
__
1st, Tr. 6s,1932w.......
CaUtornla So.—6 s ........—
Republic . . . 138
Commerce .. 178 181
M a r k e t ..:.:. 164
92*3 93
Cam. at Amboy— d.i’89 107
6s,
St. N icholas. 122
Income 6 s ....................... .
Continental. 128
Mechanics’ . 1 7 1 « 175
Mort., 6s, 1889.......... 1 0 5 «
Chic; K .C . & W est’n—6s 101H 102
7th W a rd . ..I 120
Corn K xoh... 188
M’ohs’A T rs ’ 145
7 2 's 78
Cam. at Atl.—lst,7s,g.,’93 1 1 6 «
In co m e s............
Ssoond.........j220
Mercantile.. 145
Bast R iv e r .. 133
2d, 6s, 1904.... .... .. . . .
Cons. Verm ont. 5 s.............
» l 'a
ShoeA Leatb 143
160
Mercnants ’ . U 0
11th W a r d .. 130
Stateof N . Y . 123
Eaat’rn, M ass.—6s, n e w .. 8.......... 128
Cons., 6 p. 0...............
M’tch’ ts’ Ex. 117
n t t h ,A v e ... 700
Catawlssa—
1st, 7s, con. 0.
.......!
fr o m ,E lk SL«& M o.V.r6s..,8183
Metropollt’n 3 0 « 31
1500
Flint —
K . O' Port S cott A 0 . —7 s ,8 U 7
N ew 7s, reg. at coup_
_
tradesmen’ a 105
F o u r t h ...... 1 46
Nassau. . . . . 142
99«
K VOlty Lawr. A So.—6 s .. 1 1 3 «
United St’ es 210
Col. at C. M.—1st, 68.1914
Fulton . . . . J ¡148
J
¡Jew Y o r k : : 216 220
K . Ç U r& t- Jo. & 0 . B .—7s 8124»-“
Connept’g 0s, cp., 1900-04
I n s u r a n c e S t o c k L I a t.
K . C ity Sp’d & M em .—6s I l l 's 112« Del. dt Bound Br.—1st, 7s
KRCi CTlnt. A.Sprtngf.—5s 105
Duluth Short L.,lst, 5s.
[Quotations by E . S. Bailey, 6 « Pine St.]
il*5* East Penn.—1st, 7s, 1888 102
114
L ittle R . A P t .S .—7 S ....J
O’llflT.Ev.A bt.L.—lst,6fl 1 0 4 « 105
Easton A Amb’y—5s, 1920 116
C OM P A N ’ S B id Ask.( C O M P A N ’ 8,1 Bid. Ask. C O M P A N ’S,, Bid.
55
57
2d m bxt....... .'5U:U..........
EL AWmsp’t-Ist,6s, 1910 121
M ar. ¡Hi. at Ont.—1908, 6s,
5s, perpetual.
N ational___ 100
Greenw ich.. 220 250
Am erican. . . 165 173
ÎOO
110
1925c 6s—
......
Harrìsb'g—1st, 6s, 1883..
'
risb'g—1st,
80
N . Y . Eq uit. 165
Am er. Kxoh. 90 100
G uard ian. . . 76
Mexican Central— ..... 70>a 70» b H.AB.T.‘-lst,7s,g.,1890 »107«
4s
N . Y . F i r e . . 90
136
B o w e r y ::... 165 165 »Hamilton ’. . 126
Scrip
Cons. 58,1805.............. 101«
N iagara........156
145
H a n o v e r .... 130
190
B roadw ay ... 180
7 ............. ............
IthàcaAAth.—1st, gld.,7 s
Norxh' River 96
140 145
H om e
Brooklyn . . . 180 190
24 »4 25
121
Ineom e............ ...................
Leh.V—lst,6s,C.AB./98;
85
p a c i f i o ...... 170
H oward . . . . 75
Citizens’ ___ 117 125
10 1 « 102
141«
Scrip L . li.'.,......... .
2d, 7s, reg., 1910—
120 J efferso n .... 125 135 Park............... \ 96
it y ............. .
Debenture, 1 0 s ............. 1 0 1 « 102 «
Cons. 6s, C.A B., 1923..li'36 1 8 6 « C li n t o n ...... 117 120 K in gs C o .... 200 215 Pot’r. Cooper 170
110
N .M e x .A So.Pac.—7s........
126 ' C
No. Penn.— 7s, 1896..
2d,
100 People’s —. . . 100
K nlckerb’k r 9 0
40
Commercia). 3 5
126
133
England—7 s . . 123
Gen.,7s, 1903......___
Phenix ........ 126
Long I eland 1
100 110
Continental. 220 230
117« U «
Debenture 6s, reg...... Ilo,
Rutger’ s . . . . 153
L a fa y e tte ... 100, 1 06
E a gle . . . . . . . 240 260
1 Q0
2 us, 6 s,.......... .
Norfolk A west.—
Gen.,6s } } } «
S ta n d a rd .... 1Q51
ManUf’c. A B 125 135
Em pire C lt? 100 n o
O gdensb.« L c n .—6s........ MOI 103
N. B. Dir,, 1st, 6S.1932 U l
85
Sterling . . . . 55
Mechanics’ - 75
E x c h a n g e ... 100 115
Consolidated 6 s . . . . . . . . . MOI 102
N. Y. Phil.A Nor.—1st, 6s :
106
72
Stuyrveaant. 118
M ercantile.: 66
iso
Farragut___ 126
Iffijpmes:.'.
. . . . . . . . { . . . . , . 47
Ino., 6s, 1933.,,......... H 49*4! »51« Firem en’s * ". 100 105 M erchants’ . 95 103
United S t’es 145
Pueblo at A rk. V s L —7s.. 123
\,U vlODA” AO., o ,, uuuy..
OU Creék—1st, 0s, coup..
W estchester 140.
330
M o n ta u k .... 95 103
German-Am. 3 0 0
Rutland—1st 6 s ..t. . . . . . . . . lit)
Pennsylv. —G e n ,,0s, reg. 132
ISO
W illlam sb’ g. 270
N a s s a u ........ 140
G erm an ia..: ISO 156
98
135
........
' Gen-, 6s, op., 1 9 1 0 .. .. .. '
118 125
Globe
Sontliern Kansas—5k........ 1 1 0 1 « 101*4
Cons., 6s, coup., 1 9 0 5 ... 126* 12»
Ask.
BOSTON.
A tch . * Topeka—1st, 7 s.
Cods., 58, reg., 1 9 1 9 .... 113
4 « s , Trust L o a n . .. .. . .. {107
Pa. A N . Y . O.—7s, 1896 . 121«
132
7 , 1 9 0 6 . . .......................
95
Perkioinen—1 st, 8s,cp.’87
PhiLAErle—lst,7s,cp .'8 8 1 0 5 «
{112
Cons., 6s, 1920 . . . . . ........
C ons., 5 s, 1 9 2 0 .. .. . ........ 118
Phila. N ew t. A N .Y .—1st
**
Phil. A R .—1 s t , 6 s, 1 9 1 0 :. 1 2 2
2d, 7s, ooup.A reg., 1893 111
128«
Cons., 7s, reg., 1911 —
Cons., 7s, o o u p .,1 9 1 1 . . 1 2 8 «
Cons., 6 s, g ., l.R .C -1911 117
Im p., 6 s, g ., coup., 1897 106 107
G en., 6 s, g ., coup., 1908 1 0 3 « 104
Gen., 7s, ooup., 1 9 0 8 ..:. 1 0 4 «
Income, 7 s. co u p - 1890
c o n v .A d j. scrip , ’86789
Cons. 5 B /ls t ser., o., 1922
63«
Cons. 6 s, 2d ser.,«.*1933
Debenture coup., 1898.
Conv., 7s. R . C., 1 8 9 3 ...
16
Deferred incomes, c p ...
Phil. WiX. A B alt.—4s.tr.ct 102« 102«
123
Pitts. Cinl A 8 t.L .—7s—
Pitts. T itus. A B .—7 S,CD, { 45
ShamoklnV. A P otts.—7s
Sudbury A Erie—1st, 7s.
105
Sunk. H az. A W .—1st, 6 s
99
2d, 6 s ,1938....................ii
Sunb.ALew ist’n 7 8 .C ,.’96
Syr.G en.A Corn.— 1st, 7s.
Tex. A Pac.—1st, 6s,1906 1 1 4 « . . . .
...... 105«
Consol., 6s, 1 9 0 5 .'... ..
Union A T itusv.—1st, 7a.
113
U nited N . J.—Cons.08,’94
Cons. 6s, gold, 1 9 0 1 ....
Cons. 6s, gold, 1 9 0 8 ....
105
Gen., 4s, gold, 1923—
W arren A F.—1st, 7 s , ’96 107
W est Chester—Cons. 7 s :. 110 111
117
W . Jersey—1st, 6s, op.,’96
123«
1st, 7s. 1 8 9 9 . . . . . . : .........
Cons. 0 8 ,1 9 0 9 ............. .
W . JerseyA A tl.—1st,6 s,0 106
W estern Penn.—0s, ceup 1 0 5 «
6s, P . B .. 1 8 9 6 ................. 1 0 5 «
5s, reg., 1 9 2 3 . . . . . . . . .
C A N A L BONDS.
92«
Ches. A Del.—1st, 08,1888
Lehigh N ay.—4 « 8 , 1914. 1 0 8 « 109
117
M ort. R R ., reg., 1897 .. 115
Cons., 7s, r eg,, 1 9 1 1 .. .. 133
86« 87«
. ennsylv.—6s, op., 1 910 .
80
Sohuylk. N ay.—lst,6s,rg
48
2d, 6s, reg.. 1 9 0 7 -—— -B A L T IM O R E .
R A I L R ’D STOCKS.tPa<
91
Atlanta A C h a r lo tte ......
164
Baltimore A O h io __ 10( 163
1st pref........................... :. 182
120 13Q
2d pref.........................—
6«
7«
Parkersburg B r .. .. .- 6 (
4 8 « 50
Central Ohio—Com .. . . .51
Pref.............
13«
W estern Maryland I . ..5 0
R A IL R O A D B O N D S .
A tlanta A Chari.—1st...-. 1 2 4 «
I n o . . . . . : . . ..............-— — 1 0 3 «
103
Baltimore A Ohio— 4 s . .. .
Cen. Ohio.—6s, 1st,M . AS. i*0*5« 1 0 6 «
Chari. Col. A A u g .—1st— 1 1 3 «
2d.......................................... 112 114
Cin. W ash. A B alt.—1st». 102 102«
76
78
2 d s ................................
40
Sds..................... . . . . . . . . . .
21
1st In c., 5s, 1 9 3 1 .. .. .. .
OolumbiaA Greenv.—1st* 1 0 5 « 106
8 4 « 80
2ds
No. Central—4 « s , J . A J . lt»7
6s, 1900, A . A O . i . . . . . . 121
6s, gold,1900, J. A J . . . . 121
113
5s, Series A . . . . . .............
68, Series B
Pittsb. ACon’ells.—7sJ AJ 123 124
Union R R .—1st, gua.JAJ 114
Canton endorsed..— .
105
Virginia A Tenn.—5s . . .
125
8 s . . ..........— A . . . : . - W .M d .—6s,3d,guar., J.AJ
Ï2Ï’
5 0 « W ilm . C. A A u g.—6a
113
7 « W il. A W eiaon—5 s.
121
7 s...............................
92
Xncom eBjii...: . . . . . . . . . .
•••••t
Sonora-}-7Hi........................... {109
98
W isconsin C e n t r i s t ser.
03«
63
2^serlfeSf . . . . . . . . . . . . . . . .
STOCKS 1
117« 117«
Atchison at T o p e k a ..........
214«
B o sto n .« A l b a n y ............ { —
Bòston at L o w e ll ............. 170
B oston at M a in e ................. 2 3 4 « .........
240
Boston at Proylflenoe— {239
160
Boston Con. at"M..: pref— {155
Boston Revere B . at Lynn 130
California Southern.......... { . . . . . . 64
28«
28
Central ¡of Massachusetts
55
Preferred
Cheshire, preferred..........
C h ic /A [East’h Illin o is. . . I ll's
Chic. Burl. < N o r t i l i .. . .
fc
64
Chk>. at W e st M ichigan ..
28«
O lnn. Sandusky at O leve.
Cley.eland. A C anton; . . . . .
Pxetmjrdd t i . I .......... ’ *40«'
Col. Spripgf. at O ta ...........
C oncord................................. 138**
Connecticut R iv e r ............
Ccftta&;A: Passunrpsio........
DetpLanslng at n o ., prof. 112
E a s t e r n . .. .. . ................... . 128
Breferred.. . . . . . . . . . . . . . . 137
F itch b u rg ...... ...................... 199
34«
punt.at Pere M arquette.
06
P referred :.:...... ...............
Io w a Palls at Sioux C ity. 8 87
K an. C. Clin, at Springi’d
85
K an. City Ft. s . at G u lf . .
P referred...........
80
79
K an. C. Springf. & Mem,
61
Little-R bck at F t. Smith.
14«
Lonlsv. iEv. & St. L o u is ..
34«
Pxefeided.— . ................j
M aine C entral....................
Manchester A Lawrence 1230
M arq. Hough t’n A Onton. 8 42
Preferred.'..'......................
18t
18
M exican centra) .............
N . Y .,at N ew E n glan d. . . } 5 8 « 6 8 «
132
P r e f e r r e d ...........'.. . .
N o rth ern .'.........................
»Norw ich at W orce ste r..
18«
Ogdensb. at L. Champlain
190«
o ld C olony........ r........ —
133«
Portland Saco at Portsm
Ports. G t. Falls at Con’y . 8 .y . . .
R u t la n d -.---..'— '................
Preferred...........................
10»4
Sum m it B ranch ...... ........
27«
W isconsin C en tral...........
48
P r e f e r r e d .....................
W orcester N ash’a A Etoch 8140
P H IL A D E L P H IA .
R A I L R O A D ST O C K S. 1
Buff. N .Y . at Phii.,ass.pd.
11«
P r e f e r r e d . . .. .. .. .. . .. .. .
10
Camden at A tla n tic._____
P referred ..........................
16
C a ta w lssa ...-.......................
1 s t preferred ............... .
51«
” 47"
2d p re fe rred ............. .
48*s
Delaware A Bound Brook
East- P e n n s y lv a n ia .......
45
Elm ira A W illia m sp o rt..
65
P r e f e r r e d ....................
H uutjngd’u A Broad Top
18
P referred. . . . . .
88«
Lehigh V a lle y ...
66«
Little' Schuylkill
56
57«
Minehlll A Soh. H a v e n ...
53
Nestpiehomhg V a lle y . . .
Northern C e n tra l...........
N orth Pennsylvania___
56« 65«
Pennsylvania......................
29»4 SO«
Philadelphia A Erie..........
P h ila. Ger. A Norristown 116
Phila, New town A N .Y
22« 22«
Phila. A R eading............
65
Phila. W llm . A B alt____
u m iC fl'N . J. Com panies.. 217
W e s t Jersey........................
61
W e s t Jersey A A tlan tic..
50
C A N A L ST O C K S.
Lehigh N a v ig a t io n .......
Sohuylkill Nav.-, p r e t . . . .
* Ex-flividesd.
50«
6«
t Per share.
{L ostp rice this week,
H o e a n d C it y K s l l t j ^ d
G A S C O M P A N IE S .
128
128
115
142
1 28
108
A sk .
10 a
175
100
170
105
180
100
180
no
1,30
147
63
125
156
1 70
280
S to c k s an d B o n d s.
Bld.
Ask.]]
165
54
People’ s ( B k ly n .) .............
107
W illiam sburg . ....... . ..........
65
105
Bonds, 6 s ...........................
8 7 « Metropolitan (B k ly n .)....
ManicdpaJ— Ronds, 7 s ........
F niton Municipal ........... .
ìm
»enfl'*, 6 s .................... -103
102 E quitable:.............................
Bonds, 6s.............................
100
G A S C O M P A N IE S .
|Bid.
69
Brooklyn G a s-L ig h t.........
Oitlzens’ G as-L igh t...........
Bonds, 5 s ...........................
Consolidated G a s ...............
Jersey City A H obok en...
Metropolitan—B on ds........
M utual (N . Y . ) ....................
Bonds, 6 s ...........................
Nassau (B k lyn.)..................
Scrip....................................
67
100
115
101
100
101
98
Bl’oker St. A F u lt.F .—S tk .
1st mort., 7s, 1900 . . . . .
Br*d way A 7 th A t .—St ’k . .
1st 'mort., 5s, 1904 . . . . . .
2d morf., 5s, 1914............
B’way Surface bds.guar..
Bonds guar., 5s, 1905 : . .
Brooklyn City—S t o c k .....
1st mori., 5s, 1902 .........
Bklyn. Crosstown—Stock.
1st m ort., 7s, 1 8 8 8 .........
Bushw’k A v . (Bkln)—S t’k
Contrai Crosstpwn—S tk ..
1st m ori., os. 1922 .........
lent. Pk. N . A E .R iv .—Stk
Consol., 7s, 1902 .............
Ohrist’pb' r A lO tb S t—Stk.
Bonds, 7s, 1 8 9 8 ...............
Dry Dk. E .B .A B at’y—Stk
1st mort., 7s, 1893 .........
D. D. E . B . A B .— Scrip, 6s 105
KLfUtU A v .—Stock............. lü »
Scrip, 6s, 1 9 1 4 ................. 107
42d A Grind St. F ’ry—Stk 200
103
1st mort., 7s, 893 ........... 112
105«
42d St. Manh. A St. N .A ve 68
100
l s t m ort.,6s, 1910 . . . . . . 109
100
3d inori:, income; 6 s ........ 60
100 170
M oust.W .S t.A P .F ’ y ~ 8 tk . 155
106 110
1st inori., 7s, 1 8 9 4 .......... llQ
175
165
Ninth A v e .............................. 102
105 108
8 moud A v .—Stock.............
155
150
1 s t mori., 5s, 1 9 1 0 !- ...— i*0*5
150 160
Consol.', 7s, 1888 ............. 101
116 120
Sixth A v .—s t ò c k ..............
110
1 s t mort., 7s, 1 8 9 0 ......... i ï ô
Ï16*‘ 120
Third A v .—S to c k ............... 200
124
120
Bonds. 7s, 1890 . . . » ........ 105
110 1 1 2 «
Twantv-shird s t .—sto ck — 245
155 157
1st mort., 7s, 1893 -------- 112
110 1 1 2 «
102
110
Ask.
127
no* 114
83
106
140
105
127
110
85
110
141
109
130
113
100
[City RR. Quotations by H. L. Grant, Broker, 145 Broadway.]
28
112
30
116
205
100
107
170
110
215
117
39«
111
63
160
112
103
140
I 97
1*7*5*"
115
202
107
255
114
U n l i s t e d S e c u r i t i e s .— Q u o ta tio n s f r o m b o th E x c h a n g e s :
Bid. A sk .
S E C U R IT IE S .
Am . Bank N ote C o ... . . . . .
Amer. Tel. A Cable............
A tch . A Pike’s P’k, 1st 6s
A lla . A Char. A ir L .,ls t 7s
A t.A P aC .-lstM ,C .D .new 6
Bost. A Atlantic.—B enef.
Bost. H . T .A W e st.—Stk.
Brooklyn S ie v ’d—stock
i s t mort.................. . . . . . . .
2d m o r t.........................
Cape Fear A Yad.V al,, 1st
Ches. A O ., ser. B.def, scrip
Chic. Santa Fe A Cfcl. 6 s ..
Cincin. A Springfield.........
Cont.eon8. Im p.Co.Tr.stk
Des M . A FLDodge.............
P r e f.;.:........... .. ...................
Edison Electric L igh t----Flor. R ’w ay A N a v . C o .. .
Pref.................... - ................
Georgia Pab,—Stock.........
l8 t 6 s : .. .. : —
........ 2 d s ..— . . . . . — - ........... .
Kanawha A O h i o ......----1st p r e f . . . A . ...................
2d pref.................................
1st 6 s . . . ...................;;----- K an. City A Omaha............
ls t s ........................................
Keoly M o to r..____ . . . . . . . .
35
40 1
76
78
101
125 126
101 104
9
8«
26
28
70
65
1 0 8 « 109
8 4 « 86
98«
i*05« 1 0 6 «
3
5
. . . . . . 59»4
1 6 « 17«
37
39
240 245
3
A1
»
2
2«
18
21«
107« 108«
56«
£3
6
5
21
19
10«
9
70
75
Ì5
76
1 6 « ! 18
S E C U R IT IE S .
Bid. A
Mexican N ational . . . . . . . ] 1 0 «
I P r e f....... ...........................
1 st m on gage, t r .r e c .... 4 4 «
Mex. Nat.Gonstruet’n Co. 3 9 «
N ewport N ew s A M . V a l.
[N.Y.Chi. A St.L.,rec.2dM .
Equipment 7 s ...................
N . Y . City A N orth ern ....
N . Y. W . Sh. A B — Stock.I 2 «
North. Pac__ D iv. bonds.. 9 4 « 100
*
Grange B elt 1 s t . . . . . . ........ 102« Ï 0 3 3
13
Pensacola A A t la n tic .... 10
[ 1st m o r t . . . . . . . : ........•'•••
‘P itts. A W est. R B ..........• 1 st mortgage— .............. 90
Rich. Y o ik Kiv. A C h es..
Rome A D e c a t u r ....-------1st m ort., 6 s . . . . ........—
9
St. Louis Ft. S. A W i c h 110
St. Baal E .A Gr. T r., 1st 6s 108
TdL A . A . A M t.P leas.—1st
ToL A O. Cens—P rëf.........
99%
Toi. St. L .A K an.C ity, st 98
2
Vioksb. A Meridian—........
7
P ref.—. . . . . . . . . . i..........—
1st m ort-............................ 95
2d mort................................. 5 7 « 60
Incomes___ . . . . . — . . . . . . 12«
ib'i*
W e st V a. R R .—1st, 6 s ...
W est N . Car.—Çoh. M ___
Boston Banks,— Following are the totals of the Boston banks
1887.
Loans.
Specie.
L. T ’nders. Deposits,*, Circula’u.) A gg.C l’ngs
$
$
«
«
M ay 7 141,789.800 10.665.300 2,423.700 111.062,600
“ 14 141,270,400 11.536.300 2,488,200 112,262,900
“ 21 142,839,900 11,193,700 2,401,900 77,11-3.100
$
I
s
'
9,969,700 105,301,513
2,953,900 92,909,263
9.966,500! 107,231,010
Philadelphia Banks.— The totals have been as follows:
1887.
Loans.
9
ApL 8 0 ........ 87.683.600
M ay 7 ____ 88.162.600
“
14........ 88,332,000
“
2 1 ........ 87.712,900
la w fu l Mon’y Deposits.*
Circula’n
Agg.Cl’ngs.
«
87,354,600
87,633,000
83.147.700
87.412.700
S
3,458,750
3,452.650
3,450.130
3,444,150
54,203,146
05,551.70J
54,129,053
64,182,72i
$
24,740,300
24.768.000
24.169.000
23,916,600
Including the item “ due to other Danks.’ ’
M . . Y nrk
fiitv B a n k s .— The following statement shows the
S e V S t e d Banka oi New York City for the
week ending May 21, 1887:
Average
Banks.
Loans and
D iscounts.
N ew Y o r k ...............
Manhattan Co........
Merchants’ . . . . . . . .
Mechanics’....... .
America....................
Phenix......................
C i t y .......
Tradesmen’s . . . . . . .
P u lto n ............. .
C hem ical.................
Merchants’. E x ch .
Gallatin National.
Butchers’ & D ror.
Mechanics’ & Tra.
Greenwich...............
Leather M an n frs.
Seventh W ani........
State of N . Y ..........
Amerio’n Exch’ge.
Commerce.........
Broadway................
Mercantile...............
Pacific.....................
Bepuhlic..................
Chatham..................
Peoples’ ..............-i.'.l
North A m e ric a ....
H anover.. . . . . . . . . .
Irving.......................
Citizens’ ................ .
N assa u . . . . . . . . . . . .
M arket...............
St. Nicholas.........
Shoe <6 Leather...
Corn Exchan ge. . .
C o n t in e n ta l........1
Oriental....................
Importers’ < Trad.
&
Park...........................
North "River...........
E ast R iv er... . . . . . . .
Fourth N ational. .
Central N ational..
SCcond N ational. .
N inth N ational....
First N a tio n a l.....
Third N atio n al....
N . Y . N at. E x c h ...
B o w e r y ............
N . Y . County.........
German- Amerio’n .
Chase N atio n al....
Fifth Avenue..........
German Exch’ nge.
Germania.................
United States....... .
Lincoln.....................
Garfield....................
Fifth National.......
B ’k of the Metrop.
W e st Side................
Seaboard ................
Sixth N a tio n a l....
W ostern N ational.
11.400.000
9.633.0001
7.568.500
8.087.000
11.389,900
3.131.000
8.887.200
2.634.500
1.366.400
19.370.000
8.205.200
6.876.600
2.080.700
1.845.000
1,268,800
3.185.200
1.878.100
4.048.400
18.099.000
17.870,500
6.596.300
7.425.000
2.567.60.0
8.530.900
4.787,400!
1.801.300
3.282.100
11.221,600
2.881.000
2.704.900
2.805.800
8.015.100
2.185.000
8.519.000
6.792.000
6.065.700
2.212.100
20,043,800
18.351,100
2.040.000
1.182.500
18.586.000
8.901.000
3.462.000
6.008.900
21.229,200
4.908.000
1.479.300
2.443.400
2.353.500
2.645.700
6.198.600
8.785.600
2.601.400
2.517.500
4.589.500
2.615.300
1.838.000
1.700.800
8.645.900
1.900.600
1.991.300
1.946.600
8.336.800
Amount
Legal
Specie.
lenders.
1.650.000
1.950.000
1.783.300
1.317.000
1.368.100
564.000
2,989.400
391.600
554.100
7.066,7001
625.100
1.011.300
474,9001
130.000
132.300
683.700
276.600
646.000
2.110.000
2.042,900
1*028,100
1,602,600
, 696,700
2.007.200
848.200
309.600
659.300
2.968.200
609.800
697.600
177.800
638.300
239.200
913.000
983.000
941.200
186.100
4^674,900
6,020.000
95,000
251.700
8.474.000
1.104.000
718.000
1.361.100
4.623.700
67.3.000
220.000
370.800
581.100
306,500
1.162.200
921.600
146.400
113.000
1.182.700
766.300
852.100
357.200
1.287.300
878.200
380.200
347.400
61.7.800
$
960.000
315.000
785.700
584.000
502.600
181.000
304.000
201,100
123.400
778.500
285.700
309.600
63.000
807.000
146.900
216,200
87.100
198.100
1.840.000
995.000
317.500
565.400
192.100
327.100
872.800
99,200
297.700
411.200
195.500
148 800
365.400
93.900
75.000
347.000
253.000
508,7001
848.000
1,117,400
1.341.000
169.000
108.500
1.403.000
959.000
303.000
307.900
867.600
644.000
131.700
305.000
176.100
9.8.100
309.200
100.7.00
221.400
808.600
24.500
137.600
174.800
164.100
2341000
282,300
184.800
209.600
69,400
o f—
Net Deposits
other
than Ú.S.
$
10.650.000
9.826.000
8.346.700
6.824.000
9.609.400
2.868.000
9.665.200
2.292.600
1.703.100
22)181,000
3.587.400
4.282.200
2.049.500
2.141.000
1.300.200
2.550.700
1.359.600
3.666.800
13.628.000
11,483,600
6.323.900
7.674.200
3.155.100
9.315.800
5.088.300
2.436.900
4.060.500
12,568,200
3.043.000
3.267.000
8.238.400
2.681.800
2.011.000
4.136.000
6.811.600
5.803.200
2.250.000
22.165,900
22.855.000
2.279.000
1,083.800
19,256,700
9.000,000
4.824.000
„6.012,800
3l.140.400
4.938.000
1.312.600
2.494.900
2.988.200
2.312.300
6.023.900
3.962.700
2.054.200
2.696 000
4.778,R O
O
3.261.200
2.086.300
1.912.400
4.894.300
2.279.400
2.206.300
2.275.500
1.585.600
Circular
tion.
46,000
*45,000
268,000
9Ò Ò
’ 0Ò
100,600
625,000
241,700
2.600
637,600
44,600
974,600
45.000
864,400
69,200
46.000
46*000
40.700
45,000
425,200
447,600
46.000
982,500
45.000
224,400
360,000
45.000
44.000
45.000
444,100
200,500
225.000
180.000
iöio'do
45.000
44,200
45.000
184,300
43,100
175,000
Total................. 365,843,600 74,439,000 23,882.200 374,666,000 8,264,800
The following are totals for several weeks past:__________ ___
1887.
Loans.
Specie. L. Tenders. Deposits. Circulation Agg. Clear’gs
$
•
9
,9
■* j
.
A
Vay 7 365,420,300 76,850,100 21,030,800 378.033.200 8,320,200 719,043,287
« j4 365,481.800 75.101.000 22,935,100 375.742.200 8,277,900 653,138,194
“ 21 365,843,600 74.439.000 23.882,200 374,656,000 8.264,800 732,890,929
Bo ASS.
!
RAILR O A D EARNIN O S.
Latest Earnings Reported.
Jàn. 1 to Latest Date.
Week or Mo
1887.
1886.
1887.
1886.
a
4,490,441
322,708
344,933
302,513
904,554
504,616
880,779
209,230
215,500
82,150
2,990,123
74,923
Atoh. T. & S.F.. !April........ 1,673,020 1,261,479 5,984,702
Atlanta A Char.. M arch..... 111,971 111,742
340,287
Atlantic A P a c. March....... 229,728 127,427
623,833
Balt. A Potomac March.. ... 120,555 107,124
338,210
Buff.N.Y.A Phil. 3d wkMay
47,500
963,778
51,400
Buff. Booh. APitt 3d wk May
38,193
703,095
17,722
Bor.Ced.B.ANo. list wkMay
49,944
988,181
44,625
Cairo V. A Chic. 3d wk May
16.837
266.795
12,763
Cal. Southern... 2d wk May
28,402
573,024
13,628
tCamden A Ati’o jMarch. ..
34,805
90,452
33,557
Canadian Pacific 3d wk May 206,000 184,000 3,343,394
Cp.F’rAYad.Val April........
18,205
85,557
16,079
Central of Geo.. April........ 387,596 403,335
Central Iow a... April........
90.838
428.991
95,603
3*92,495
Chariest’n A Sav March.......
48,599
143,583
49,116
149,375
Chesap. A Ohio. April......... 337,953 317,162 1,305541 1,189,726
Ellx.Lox.AB.8. A p r il......
72,153:
262,936
65,743
298,862
Ches. O. A 8. W. April........ 128,431 124,071
551.036
493,970
Ohio. A Alton... IFebruary.. 584,409 542,137 1,256.918 1,099,978
Chic. A Atlantic 3d wk May
33,812
547,010
786,481
25,186
Chic. Burl. A No. M arch...., 282,398
621,503
Chic. Bur. A Q.. M arch..... ¡,992,682 !;229,17Z 6,785,302 5,4*40",4Ïb
Ohio. AEaat. L L 2d wk May
L.
30,521
594,738
23,697
688,206
C3ÜO.M ASt.P. 3d wkMay 411,000 403,587 8,426,000
U.
Chic. A N’thw’ñ. A p r il...... .,839,334 .,720,617 7,531,470 7,950,090
6,713,240
Chio.8t.L. APitts 2d wk May
90,263
78,947 1,930,440 1,584,431
Chic.StP.M.&O. March....... 580,151 521,047 1,321,120 1;256,168
Okie. AW. Mich. 3d wk May
28,281
24,331
490,130
507,901
Cin. Ham.A D.. 3d wk May
64,021
49,870 1,180,663 1,015,396
dn.Ind.rit.L.&C. •idwk May
51,585
949,803
44,200
986,483
Cin. N. O. AT.P. 2d wk May
66,554
943,904
47,571 1,146.003
Ala. Gt. South. 2d wk May
24,284
415,640
18,090
530,171
N. Orl. A N. E. 2d wk May
8,958
235.243
241,693
9,576
Vioksb. A Mer. 2d wk May
8,143
186,210
8,170
189,450
Vick*. 8h. A P. 2d wk May
4,677
157,021!
2,692
185,896
Erlanger fiyst. 2d wk May 102,616
8 3,099 2,293,213 1,938.025
Cin.Blch.AFt.W. 2d wkMay
7,035
126,977
6,516
143,915
Cin. Wash. A Balt 3d wkMay
33,825
34,857
717,675
776,098
Cley. Akron A Col 2d wk May
11,053
176,797
9,856
191.036
Clev. A Canton. April.. . . . .
32,952
98,505
27,336
111,072
Clev.CoL0.A Ind April......... 305,549 268,814 1,309,210 1,161,389
Çlev. A Marietta A p r i l.. . . . .
25,961
21,491
88,925
io4,575
Col. A Cin. Mid. 3d wkMay
4,295
97,871
5,697
115535
CoL Hook.V.AT. April.. .
218.813 152.134
649,392
848.934
I And Branches.
679
THE CHRONICLE
M a t 28, 1887. ]
Latest Earnings Reported.
Hoads.
1887.
1886.
fan. 1 to Latest Date.
1887.
9
25,370
66,099
2,695,611
299 822
84Ì818
123,235
406,605
1,745,818
86,125
304,692
909,896
408,732
206,208
343,248
779,88
6,015,512
106,189
731,765
806,893
3,540,941
32,657
249,734
197,017
479,408
4,020,348
891,551
133,104
209,224
953,073
713,0,89
92,174
96,574
1886.
9
9
3.5341
3,782
Col. A R om e.... April.......
16,5581
20,450
Danb’y A Norwk April.......
142,300 122,4171
Deny. A Bio Gr.
67,800
73,000
Deny. A R. G. W. April.
5,3621
5,632
Des. Mo. A Ft.D.
11,576
April____
32,987
Dot.BayC.&Alp.
19,9181
22,237
Dot.Lans*gA No. 3d wk May
67,848!
82,808
E.Tenn.Va.AGa.
2)5901
5,089
Evans. AInd’plis
14,470
20,319
Evansv. A T. H.
44,547
50,737
Flint A P. Marq. 2d wk May
18,670
19,145
Fla.B. A Nav.Oo 2d wk May
7,472
14,011
Ft. W. A Den. City
62.377
80.169
Georgia Paciiio. April.
34,803
41,972
Gr. Rap. A Ind.
334,048 302,522
Grand Trunk..
28,230
45,256
Gn.Bay W. A St.P March..
166,843 160,007
Gulf Col. AS. Fe, April. .
39,256
33,135
Hous.ATex.Cent 2awk'M
790,590 694,800
m.Oent.(ni.A8o) A pril...
13,582
6,672
Cedar F.AMln, April...
65,276
62,985
Dub.ASioaxC. April........
44,402
44,107
Ia. Falls A S.C. A p r il..;...
Tot. Iowa lines April........ 113,764 128,260
904,354 818,060
Total all lines. April..».
35,080
41,340
Ind. Bloom. A W 2d wk Mf_„
26,744
23,887
Ind. Ded. A 8pr. April........
20,038
40,772
Jack. T. A K. W A p ril......
88,493
44,711
K.C.Ft.S. A Gulf. 2d wk May
25,100
39.859
Kan. C. Sp. A M. 2d wk May
3,635
3,300
Kan. O.CI. &8p. 2d wk May
19,698
21,712
Keokuk A West. April
7,932
10,509
Kingston A Pern 3 wka May
541,874
26,501
654.405
30,518
«Lake E^AWest. 2d wkMay
70,065
19,605
82,130
21,624
Lehigh A Hudsou April..
141,149
188,010
49,517
March
67,463
LRk.A Ft.Sudth
805,407
52,798
935,329
60,513
Long Island..... 3d wk May
78,417
37,677
80.957
39,975
Louis. AMo.Blv. February .
279,190
340,530
13,575
20,390
Louie.Ev.ASt.L. 2d wk May
283,280 253,105 5,726,686 4,924;0S9
Loulsv. A Nashv.
601,202
30,532
770,719
42,132
Lou.N.Al.AChlo.
521,468
6815343
94,470
116,198
Loulsv.N.O. AT. April.
711,443 658,948 2,649,254 2,392,178
Manhattan E l... April.
199,389
210,673
89,601
73,484
Mar.Hough.A O
476B23
20,738
084,609
30,214
Memphis AChas. 2d wk May
70,320 1.832,248 1)471,357
86,250
»Mexican Cent’i. 3d wkM
1'84,;862
108,407
50,300
42,457
*Mex.N. (N.Div) April ...
§63,816
421,745
20,893
21,710
do
(So.Div
544’,417
582,656
155,277 147,828
do
all lines April.
634,175
968,916
39,140
70,715
MU.L.8h. A West
228,377
10,714
341,267
16,953
Milwaukee A No 3d wk May
337,009
383,282
162,071 142,712
Minneap. A 8t. L March....
113,iS a
7,470
324,920
16,236
Minn. Afio. West, 2d wk May
183,922
148,794
24,190
24,347
Miss. A Tenn. .. [April..........
9,471,709 6,487,905
Missouri Paciiio 3d wk Apr
667,326
776,364
149,772
Mobile A O h io.. April . . . . . 150,385
730,333
960,008
Nash.Ch. A8t.L A p ril...... 222,720 172,812
_
N. Y.Cen. A H. K.. April_ _ 2,901,740 2,363,544 10,991,091 9,705,745
188)103
10,273
11,556
201,747
N. Y. City A No. WkMay21
eN.Y.L. E. A W April........ 1,533,235 1,418,703 5,972,733 5,385,240
N.Y.Penn.A 0 A p r il...... 492,481 474,490 1,923,593 l,8l'2,392
858,690
969,213
N.Y. A New Eng M atch..... 358,302 320,832
4235088
24,989
493,872
27,995
N.Y.Ont. A W ...
332,526
402,046
87,315
107,171
N.Y. Bus. A W .. April..
65,277
52,681 1,439,072 1,145,826
Norfolk A West. 3d w k!
178,306
168,351
60,009
55,594
N’theaBtrn(8.C.) March.
514,022 460,147 1,517,959 1,291,981
Northern Cent’i. March.
216,846 230,132 3,884,574 3,555,761
Northern Pacific
68,770 1,432,017 1,265,543
77,600
Ohio A M iss.....
181,733
195,950
34,018
45,090
Ohio Southern.. April........
505,485
795,857
299,916 186,029
Oregon Imp. Co. March___
435,250 407,973 1,407,452 1,309,383
Oreg. R.AN. Co. A p ril......
Pennsylvania... A p ril...... 4,342,834 3,862,617 L6,59,3,8201 14,735,483
263,831
338,614
13,893
20,556
Peoria Deo. AEv.
742,496
843,849
Phlla. A E rie.... March....... 326,297 290,640
1,759,584 1,479,735 4,848,661 4,039,302
tPhila. A Bead’g March.......
Coal A Iron Co March....... 1,283,579 1,081,376 3,439,350 2,722,512
410,320
611,099
168,093 124,733
Pitts. & West’rn April........
105,490
110,514
40,467
43,508
P’ rtRoyalAAug. March.......
23,617
30,904
P’rtBoyal A W. 0. March.......
Riohm’d ADanv. April.......i 320,400 320,797 1,382,490 1,338,351
448,339
432,331
Va.Midl’d Diy. A p r il...... 112,900 118,900
284,442
270,306
53,862
48,300
Char.C61.AAu. A p r il......
253,261
216,456
41,003
39,000
Ool.AGr.Div.. April.. 1...
163,170
183.086
42,000
40,683
West.No.C.Div April........
2.74PO
31,000
8,400
8,600
Wash.0. A W.. April.......
395,088
638,972
Rome W. A Og. March....... 253,614 152,827
430,930
431,499
20,835
21,160
8t. Jo AGd. Isl 3d wk May
415,306
496,915
22,312
22,472
8t.L. Alton AT.H. 2d wk May
242,900
314,667
11,492
13,432
Branches........ 2d wk May
569,108
770,641
24,472
43,436
St. L. Ark.ATex. 3d wk May
79,528 2,071,443 1.509.525
St.L.ABan.Fran. 3d wk May 101,738
386,598
26,919
462,185
33,738
81. Paul A Duluth 3d wk Máy
8t.P.Min.AMan. A p r il...... 686,657 016,756 2,260,519 2,034,362
153,869
58,729
178,101
67.111
Scioto Valley... March.......
157,394
24,890
220,756
35,055
8henandoahVal. 18daysApr
400,175
401,590
71,809
74,791
South Carolina.. April...-.'..
So. Paciiio Co,—
578,750
698,240
Gal.Har.A8.A. March....... 252,353 175,584
142,039
181,364
45,637
66,374
Louis’» West. M ,rch.......
997,954 1)068,468
Morgan’s CAT March . . . . 331,723 335,361
29,104
31,879
7,314
12,001
N. Y.T. A Mex. M arch ........
215,289
266.986
63,224
Tex. A N. Orl. March....... 102,896
765,407 627,120 2,176,425 2,028,650
Atlan’c syst’ rn M arch.....
Pacific system M arch..... 2,127,025 1,782,002 5,226,431 4,845,069
T ota l.......... M arch.,... 2,892,431 2,409,122 7,402,855 0)873,789
26,895
20,550
9,662
5,445
8part.Un.AC61.. M arch.....
161.044
177,486
50,124
52,085
Staten lB.Rap.Tr A p rii..,...“
Texas A Pacific A p ril... ... 385,383 422,789 1,926,990 1;<M5,985
113.564
167,140
5,803
7,668
Tol.A.A.AN.M’h 2d wk May
265.045
16,506
565,298
18,558
Tol. A Ohio Cent. 3d wkMay
5,984,632 4,890,003
Union Pacific..., M arch.... 2,571,365 1,905,617
104,932
196,233
50,205
44,515
Valley of Ohio. April.......
1,801,361 1,773,510
Wab’sb.E.otMls, id wk Apr
j)7,80¿ 2,224,796 2.027.526
Wab. Western... id wk May 116,226
223,566
255,085
100,687
'91,046
iWest Jersey.... March
194,352
205,054
69,514
65,617
Wil. Col. A Aug. March
201,336
264.987
11,765
9,229
Wheeling A L. E. 3'l wkMay
532,375
735,770
33,359
22,435
Wisconsin Cent’i
77,988
176,443
7,227
2,348
Min. St-C.A W
05,180
320,819
14,394
2,286
Wis. A Minn..
a Including since Feh. 1st In both years the Ind. Peru & Chic,
t Not fndludlug Central of New Jersey in either year.
e Not including earnings Of New York Pennsylvania A Ohio,
j Including Branches.
* Mexican currency.
THE CHKUJN1CLE.
680
| m r e s lr a m l
Atlantic Line..........
Panama Line..........
Trans-Pacific Line.
AND
ANNUAL REPORTS.
Pacific Mail Steamship Company.
( F or the year ending A p ril 30, 1887.^
The report of Mr. J. B. Houston, the President, says: “ The
company’s business for the past year shows net earnings of
about one and one-half per cent (1 ^ per cent) for the year.
Though this showing of profits is not what we would wish,
the owners must remember that the result has been attained
in spite of an opposition more reckless and violent than has
ever been known. This competition was so severe that mil
lions of dollars have been lost, since the struggle was inau
gurated, by the Trans-Continental system of railroads, while
this company, owing to the valuable nature of its local and
Trans-Pacific business, was enabled to come out of the year
showing a profit, and an actual increase of its cash assets.
“ The passage by Congress of the Interstate Commerce Law
caused the companies engaged in this traffic to the Pacific
Coast to establisn rates whioh would have rendered the earn
ings of the Pacific Mail Steamship Company sufficiently large
to give as satisfactory results as the company has met with
during the period of its guarantees from the overland rail
road companies, Dot to speak of the reduction of the pay
ments to the Panama Railroad Company uuder the supple
mentary contract made with that corporation in February
last, which reduced the monthly payments from $70,000 to
$55,000 for the six years during which time it will remain in
force.
“ A new agreement has been entered into with the Panama
Railroad Company, which gives to the Pacific Mail Steamship
Company a valuable increase in, and control over, its local
business to and from the Pacific Coast of Central America
and Mexioo—an agreement, the terms of which will undoubt
edly, in my judgment, enable this company to grant more
favorable terms to the people of those countries than they
have ever before been able to obtain, and at the same time
increase our earnings from that source.
“ The business of the Trans-Pacific Line is now as valuable
as at any time in its history—the increased tonnage of comting lines having served to develop the freight traffic
tween this country and the East—while the earnings of our
line have in no way diminished, although the Pacific Mail
Steamship Company, during several years past, has labored
under the disadvantage of not having ships of as modern con
struction, and as thoroughly adapted to that trade, as some of
our competitors.
“ The tonnage now used on the China Line is needed and
could easily be made available for the other lines of the
company, and with new ships, bought or constructed, for the
present service on said line, the company would retain a most
valuable business in its hands, the absence of which tonnage
very Beriously jeopardizes the trade in question.” * *
“ In my judgment, the outlook for the future has never before
been so brilliant for the Pacifio Mail Steamship Company as
it is to-day, and with such new steamers for the Trans-Pacific
Line as I have indicated as being necessary for that sarvice;
the company will and must enter upon a career of unprece
dented prosperity.”
The earnings and expenses in detail for three years were
as follow s:
K
EARNINGS.
Total.
................................
1886-87.
$766,080
1,368,88'
1,282,317
101,334
70,904
26,045
17,809
$4,826,193 $4,479,939 $3,633,371
EXPENSES.
Atlantio Line................................
Panama Line.................................
Trans-Paciflo lin e .........................
Australian Line.............................
A g e n c ie s .........____ _. . . . . . . . . .
Miscellaneous expenses...............
1884-85
$579,028
1,100,506
737,392
194,718
413,185
184,309
1885-86.
$608,065
1,080,241
714,100
149,490
457,367
170,191
Total.
$766,081
1,368,882
1,282,317
Shenandoah Talley Railroad.
The I n v esto rs ’ S u p p le m e n t contain* a complete exhibit of
the Funded Debt o f States and Cities and o f the Siocks and
Bonds o f Railroads and other Companies. I t is published
on the last Saturday) o f every other month—viz., January,
March, May, July, September and November, and is f u r liished without extra charge to all regular subscribers o f the
C h r o n ic l e . E xtra copies are sold to subscribers o f the
C h r o n ic l e at 50 cents each, and to others at $1 p er copy.
1885-86.
$957,810
1,603,536
1,534,272
166,414
48,788
101,OoO
2,667
21,253
40,863
3,335
Passengers. Freight.
$125,932
$640,149
314,587
1,054,295
596,668
685,649
T o ta l........................................ $1,037,187 $2,380,093 $3,417,280
^ a i l r o a t l I n t e llig e n c e .
1884-85.
Atlantic Line.................................... $1,016,172
1,848,781
Panama Line.........................
1,547,225
Trans-Pacific Line..........................
159,066
Australian Line..................... ........
87,366
Austral’n and N. Zeal, subsidies..
100,250
Cent. Am. and Mexican subsidies..
Hawaiian Government subsidy...
2,667
14,766
Interest and divs. on investments.
43,853
Miscellaneous..................................
6.047
Exchange.........................................
[T ol. x l i y .
1886-87,
$690,166
1,357,949
682,821
—
435,838
171,064
Total......................................... $3,209,138 $3,179,454 $3,337,838
Net earnings............................ $1,617,055 $1,300,485
$295,538
(F o r the year ending December 31, 1886.,)
The annual report of the receiver of this road for the year
1886 has just been issued. He remarks : “ There has been a
gratifying increase in gross earnings, due to the improved con
dition of trade generally and the further development of the
country tributary to the road. It is probable that several new
enterprises will ce started shortly and that the earnings will
continue to improve. The expenses appear heavy in conse
quence of extensive repairs to equipment and roadway and
extraordinary renewals and betterments in the way of new
steel rails and fastenings, cross-ties, bridge timber, &c., all of
which have been charged to operating expenses currently.
These expenditures have greatly improved the condition of
the property and will enable your receiver to operate the road
with greater safety and economy in the future.” The receiver
has also paid something over $72,000 on the principal of car
trusts since March, 1885:
e a r n in g s a n d e x p e n s e s .
1885.
255
1884.
Miles operated..................................
255
jEarning! from—
Passengers............. ........................... $197,802
459,442
Freight...........................................
Mail, express and miscellaneous. .. 85,127
$198,506
400,848
95,538
Total............................................ $742,371
Operating expenses and taxes........ 613,015
$694,892
670,161
$740,654
661,379
$24,731
$79,275
1885.
Net earnings................. ................... ....................... $24,731
1886.
$79,275
$398,540
Interest on debt...............
Interest on car trusts...............................................
19,109
Interest on receiver’s certificates..........................
8,969
Rental of equipment.................. .................. ........
32,850
Interest ana discount..........................................
28,203
Extraordinary expenses, worthless accounts, &c. 13,725
$398,540
5,465
17,373
42,142
23,187
2,788
Net earnings.
............. $129,356
INCOME ACCOUNT.
Clh.nt'np o
$489,495
T ota l................................................ .................. $501,397
$410,220
Deficit for y e a r ........................................................ $476,666
N o t e . —The above income account embraoes full interest and all
charges for the entire year. The total deficit to Deo. 31,1886, was
$1,667,314.
Ticksburg & Meridian Railroad.
(F o r the year ending M arch 31, 1887.,)
The Board of Managers submit the annual report under the
administration of the receiver, Mr. Frank S. Bond, for the
fiscal year ending March 31, 1887.
The additions and improvements to the property charged
against betterments were as follows: For four new freight en
gines, $36,901; for three new passenger coaches, $18,441; for
three new baggage cars, $8,081; land purchased, $2,050; total,
$60,473.
The report says: “ The traffic receipts have been very
disappointing. The decrease in the passenger earnings is
owing to the order issued by the Railroad Commissioners of
Mississippi, reducing fares on the V. & M. Railroad from four
cents per mile to three cents per mile, which came into opera
tion on the 7th of June, 1886. The loss of revenue on local
ticket sales by this reduction has amounted to $53,156. Con
sequent upon this reduction, it was found necessary to make
a similar reduction in through and inter-State fares from the
1st of January, 1887. The partial failure of the cotton crop
in the State of Mississippi has seriously curtailed the freight
earnings.”
In the general balance-sheet the material differences are :
An increase of coupons unpaid of $125,983,—the interest on
first and second mortgage bonds of the company for the year;
an increase in bills payable of $50,045, by trust notes, given
for four new engines, three new coaches and three new bag
gage care; an increase in supplies on hand of $18,680. The
balance of liabilities over assets at the close of the year shows
a floating indebtedness of $617,708, against $448,860 the year
before, an increase of $168,848 during the year. This increase
is accounted for by the cost of additional rolling stock, etc.,
that has been charged to betterment account, and by the net
deficit on the year’s operations c f $114,489.
RECEIPTS AND EXPENDITURES FOR YEARS ENDING MARCH 3 1 .
1884-5.
1885-6. 1886-7.
1883-4.
140
140
143
Miles road operated........
140
Earnings—
$169,162 $164,818 $155,903
Passenger................................ $190,215
345,268
F reight..................
300,026 296,973 307,609
11,927
13,089
13,105
M ail.........................................
9,307
6,445
7,467
10,303
Express..............
5,342
11,095
10,320
7,191
Miscellaneous.......................
8,991
Total..................................$513,884 $495,603 $503,304 $531,772
443,939 426,498 484,362
Operating expenses............... 394,061
Net earnings............................$119,823
Chargeable against revenue—
Fortaxes......... .............
$16,800
For interest on bonds........... i03,083
For int. on current accounts.
3,292
For expenses of land dep’ t ..l
7,049
$51,663
$17,550
104,000
7,633
4,477
$76,806
$47,409
$16,741
114,083
15,894
4,416
$18,285
125,083
14,232
4,298
The following were the proportionate earnings of the several Tot. paym’ts obarg’ble to rev.$130,225 $133,660 $151,135 $161,899
$81,997 $74,329 $114,489
Net deficit...........................
$10,402
lines from freight and passengers in 1886-87 :
THE CHRONICLE]
Mat 38, 1887.]
681
GENERAL IN VESTM EN T NEW S.
road, although we have no eontraot with them. At Enterprise we have ■
a 99 year lease of the Atlantlo Coast St. Johns* Indian River Railroad.
is Titusville, on the Endian River, where we connect
Railroad Net Earnings.—The following table shows the Present terminus of steamers down the river to Eden. At Sanford we
with our own line
latest reports of net earnings not heretofore published.
own the Sanford «&Lake Eustis Railway, running to Tavares, at which
nave an exclusive traffic oontraot wiih the Tavares Apopka * ,-------- AprU,-------- , ,—Jan. 1 to Apr. 30.—» Pla?,e
Railroad, which is now building from Tavares south to Kissimmee «
yams o f Road.
1887.
1886.
1887.
1886.
and hopes to extend in the future to the Gulf Coast at about latitude 2 8 B u f f N Y 4 PhUa... Gross.
231,502 214,676 822,778
760,754
BUHH. i . a r m » . . . » ™
63)694 40,338
74,956
130,129 ^ M o u r o e Junction on our main line, Just west of Sauford, the Orange
..e7 , r
,
running southwest to Oakland, south of Lake Apopka,
Central RR. of Oft. ..Oroaa. 387,596 « 3 .3 3 5
and is a valuable feeder to us.*’
*
CleT. & Canton......... G ro ».
32,932
27,336
111,072
98,505
Mempfcfs,fc K ittle Rock.—A press dispatch from Littfo
Bet. Bay City & A...G ross.
32,987
.............
............ Rock, May 24, said : “ The Memphis & Little Rock Railroad w aa
N et...
14,759
61,848
. . . . . . . . sold by order o f the United States Court subject to two mort»
Ft. Worth & Denver.Gross.
55,564
34,147 192,197
108,362 Sag1s or deeds of trust, one for $250,000 and one for $3,000;e
N et...
20,366
14,372
76,031
38,247
N Y. L. E &West..Gross. 1,868,122 1,741,356
7,280,777 6,617,667 000. G. B. Rose purchased the road for B. K. Dow and others,’*
Net ..
508)248 466,933 1,908,469 1,621,183 The road was bought for the nominal sum of $1,000, the sale
Pennsylvania . . . . . . .Gross. 4,342,834 3,862,617 16,593,826 14,735,483 having been made to perfect the title.
rennsyivama
§ et
1)350,8 8 3 1,320,864 5,381,332 4,845,789
Brooklyn Flatbnsh & Coney Island.—A plan of reorgani
zation of this Company has been agreed upon between the
committees of the first and second mortgage bondholders.
The property is to be sold June 25 under foreclosure of the
first mortgage and bought by a committee of the second mort
gage bondholders. The first mortgage bondholders accept
new first mortgage 5 per cent 40-year gold bonds for their
principal and get paid in cash their back coupons. The sec
onds get for the principal of their bonds preferred 6 per cent
stock in a new company to be organized, and common stock
for their back coupons and for the cash which they advance
to pay first mortgage coupons, receiver’s certificates, taxes,
and other liens. Bondholders who have not come into the
agreement must do so by June 11 or be excluded.
Buffalo New York & Philadelphia.—The gross and net
earnings for April, and from Ootober 1 to April 80, were as
follow s:
*,--------- -April.----------> ,— Oct. 1 to AprU 30.— ,
1887.
1886.
1886-7.
1885-6.
Gross earnings............$231,501
$214,676 $1,453,639 $1,416,964
Operating expenses.... 167,808
174,338 1,338,439
1,109,133
Net earnings...........
$63,693
$10,338
$115,200
$307,831
Mexican National.—The sale of the Mexican National Rail
way Company s property at the City of Mexico on Monday
was m accordance with the plan o f reorganization, which has
been approved by the various interests. Mr. Ex. Norton o f
the Committee bid $9,723,000, which was the only bid and
took the road. A t the company’s offices in this city dispatches
have been received stating that the sale has been confirmed
by the court. The successor company, whioh will be known
as the Mexican National RailvooscZ Company, will issue new
first mort. bonds at $9,000 a mile, out of the proceeds of which
the unfinished portion of the line will be completed.
M obile & Birmingham.—A loan of $3,000,000 5 per oent
/
bonds of the Mobile & Birmingham Railway Company
of Alabama has just been placed in London by Messrs. Poor*
& Grreenough. The Mobile & Birmingham bonds are guaran
teed, principal and interest, by the East Tennessee Virginia &
Georgia Railway pompany, The line is now approaching
completion, and will furnish the East Tennessee system with
its outlet to the Gulf and valuable terminal facilities at Mobile,.
New York Lake Erie & Western.—The gross and net earn
ings for April and from Oct. 1 to April 80, were as follows,
including 68 p. o. of the earnings of the N. Y. Penn. < O.,
fc
the other 32 p. 0. being paid as rental:
Central Railroad o f Georgia.—Following is the report
of the earnings for April, and from Sept. 1 to April 80.
_
,— - — April.---------- > ,— mos. end. Apl. 30.
8
1887.
1886.
1887.
1886.
Earnings......................... $387,595
$403,334 $4,703,600 $4,539,683
Expenses........................ 329,702
366,317
2,792,970 2,778,618
Net earnings............. $57,893
$37;017 $1,910,629 $1,761,065
Fitchburg — Boston Hoosac Tunnel & Western.—At a
special meeting of the stockholders of the Fitchburg Railroad
Company, held on Saturday, the contract for the purchase of
the Boston Hoosac Tunnel 6c Western Railroad and the Troy
Saratoga & Northern Railroad, was approved by a stock vote
of 56,953 votes, of which 55,653 were for ratification and
1,800 against.
Fort Worth & Denver City.—The gross and net earnings
for April, and from Nov. 1 to April 30, were as follows :
.--------- April.---------.
„
1887.
1886.
Gross earnings................... $55,563 $34,147
Operating expenses.......... 35,198
19,775
N et earnings.................. $20,365
$14,372
,—Nov. 1 to April 30.—
1886-7.
1885-6.
$290,923
$185,237
160,776
122,178
$130,147
$63,059
Houston & Texas Central.—At the close of business Wed
nesday there was deposited in the Farmer’s Loan & Trust
Company $1,380,000 of the general mortgage bonds o f the
Houston & Texas Central Railway Co., which gives an absolute
majority, under the bondholders’ agreement, out of the total
usue of $3,300,000. The privilege given to depositors to
deposit their bonds without penalty under the reorganization
agreement expired on Thursday.
—There is reported to be a hitch in the Houston 6c Texas
ru ioaLrn ° / i / Q
Jzati0n without foreclosure. A majority of
the $3,000,000 of general or third mortgage bonds consented
to accept a new 4 per cent bond with same security and time
to run. as a substitute for the 6 per oent bond, and to take
10 years 4 per cent debenture bonds without security for
arrearages of interest; but a large minority now decline to
! er^ 8 and exchange their bonds. It is reported
u ¡T 8*^ etty,Green heads the opposition and she is believed
to bold quite a large amount.
T,amPa & Key West.—The gross earnings o f
this road for April were $40,772, »gainst $20,088 in 1886. The
! ^ ation.£f *hls road “ ay be plainly seen by reference to the
map in the I n vestors Su pplem en t of this date, and the folth eT rea ra i^ fc ° f the lines °Perated is taken from a letter of
t h 7 j S i o ! v n r s ^ r ^ ille’ / 0^
t h e Particulars in regard to
to St A u S « ™ ^ S n 8ti ne £
H a lifa x R ailroad, from Jacksonville
A tlan tic ro^d whirTlra J ^ an<*; » P l a t e d b y us. T h e Jackson ville &
the Jacksonville Ri* T 9
™ !'1
1
term inus, opposite Jackson ville, of
Ocean at Pablo B e n iv Ar a ^ s,ti.Iie* &M,?a llfa x R ailroad, t o th e A tlan tic
road. The ferrv tSin^hi868-1*1 facilities a t the ferry o f the last-nam ed
®
charter for some veera^!?® 18 our exclu siv e privilege under a special
Green Cove S m
f n c o m|:
G reen Cove Spring there Is the
n iD gin a so u th w effeH ^ 1
-?? 08^ R ’ ilroad> connecting w ith us and runother railroad conneeHo« r®c tlo n .ten or tw elv e m iles. This road has no
east side o f the rifo r
? tT
.OU1? - O pposite P alatk a, an d on the
nor control this railroad ^h ,,?0'
* H a lifa x road. W e neither own
exchange of business
4 w e ,ha.v e a m utual traffic con tract for the
A t D e L L d the J^taonviM le T ^ ^ 1
^ ^ 1 ^ ! 8 10^ ^ 6 m 0B tfriend y .
^
six miles o f tr a c l^ u n n in ^ f
& £ e " ? . 8t “ ad ow ns absolutely
/
w e are now
L an d in g to the city o f D eLand;
ness of DeLand- A t
^ nd*c?.ntro1
16 the entire busithe Blue 8 w fn « 8
five m iles south o f D eL an d,
Sm yrna, on ^h e M o s /m to
« t i lantlS ? ailroad 1 bu ildin g to N ew
(9
’
8 m osquito Lagoon ; th is road is n a tu ra lly a feeder to our
'— - - - - A p r i l . ---------- ,
. 1887.
1886.
Gross earnings........ $1,868,122 $1,741,356
Operating expenses 1,359,874 1,224,423
,---- Oct. 1 to Apr. 30.------k
1886-7.
1885-6.
$13,549,297 $12,383,727
9.668,660 8,962,802
Net earnings..............$508,248 $466,933
""$3,880,637 $3,420,925
New York New Haven & Hartford—Hartford & Conn.
Yalley—Naugatuck.—The directors of the N. Y. N. H. & H.
Co. held a meeting at New Haven, May 21, and voted to take a
lease of the Hart. 6c Conn. Valley RR. (Hartford to Fenwick, Ct.,
46 miles) for ninety-nine years from April 1 last, at 4 per oent
per annum, payable on the last day of March and September in
each year. It is understood that more than 99 per cent of the
capital stock of the Hartford & Connecticut Valley Railroad is
already owned by the New Haven Company. The directors
of the Hartford 6c Connecticut Valley Railroad also held a
meeting and passed a similar vote in regard to leasing their
road. The N. Y. & N. Haven directors also authorized their
President to negotiate for a lease of the Naugatuck road for
ninety-nine years, at a rental of $200,000 a year.
New York Stock Exchange.—The Governing Committee
have added to the regular list the following :
M is so u r i P a c if ic R a i l w a y .— $5,000,000 additional common
stock, making total listed $45,000,000.
M a r q u e t t e H o u g h t o n 6c O n t o n a g o n R a il r o a d .— $8,278.500 preferred stock and $2,878,600 common.
C h ic a g o M i l w a u k e e & S t . P a u l R a i l w a y C o m p a n y .—
$2,300,000 fii st mortgage Chicago 6c Pacific Western Divisionfive per cent gold bonds, making amount listed to date
$23,400,000 j also $363,000 terminal mortgage fives, making
total listed, $4,666,000.
s 6
’
*
V ir g in ia M id l a n d R a i l w a y .— $2,763,000 general mortgage
bonds, making total listed $3,195,000.
M e x ic a n Ce n t r a l R a i l w a y . — $1,795,000 first mortgage
bonds, making total listed $41,170,000; also $606,000 income
bonds, making total listed $8,734,000 ; also to be added to list
on June 16, $1,829,100 common stock, making total $35,000,000.
D e s M o in e s 6c F o r t D o d g e R a il r o a d . —The stock and
bonds of the company—viz,, $1,200,000 first mortgage four per
cents; also $1,200,000 2% per cents to the free list, and the
firsts, sixes of 1905, to be stricken from the lists.
S t . P a u l M in n e a p o l is & M a n it o b a R a i l w a y .— $1,125,000
consolidated six per cent bonds, interest reduced to 4% per
cent and so stamped, making amount now listed $19,815,000«
F o r t W o r t h & D e n v e r C i t y R a i l w a y .— $416,000 first
mortgage six per cent bonds, making total on list $4,816,000;
also on June 18, $520,000 stock, making the total listed
$4,320,000,
S t . L ouis A r k a n s a s 6c T e x a s R a i l w a y .— $325,000 first
mortgage bonds, making total listed to date $10,874,000.
Pennsylvania Railroad.—The gross and net earnings for
April and for four month?, January 1 to April 30, were as
below stated. On the lines west of Pittsburg & Erie the net
result, after payment of interest and all charges, is shown In
the second table.
LINES EAST OF PITTSBURG AND ERIE.
•
------ Grog» Earnings.------ ,
_
1887.
1886.
January..................$3,871,771
$3,441,536
February................. 3,988,788
3,549,475
March............. .
4,410,433
3,901,855
April........................ 4,342,834
3,862,617
Total 4 m os.... $16,613,826
$14,755,483
,------ Net E a
1887.
$1,214,351
1,380,157
| 1,435,941
-----------1,350,883
r n in g s %
1886.
$951,541
1,267,604
------1,305,780
1,320,864
$5,381,332 $4,845,780
THE CHRONICLE.
682
^zpoxts anil pujcumeuts.
LINES WEST OF PITTSBURG & ERIE.
Net surplus or deficit after payment o f
1886.
1887.
Def. $133,687
-January............. .. Sur. $222,861
55,102
T>ef.
63,526
February......... ... Sur.
20,319
Sur.
March.......... . .. Sur. 250,135
38,591
Sur.
87,576
April.................. . Sur.
Total 4 moa.. .. Sur. $623,600
Def.
$129,879
charges.
Diff. in 1887.
Gain. $356,048
Gain.
118,830
Gain.
229,816
Gain.
43,985
Gain.
$753,479
Railroads in New York State.—The returns of the fo l
lowing roads for the quarter ending March 31 have been filed
at Albany as follows :
/— ert» York
}V
1887.
Gross earnings............ ..$956,087
Operating expenses....... 677,111
£
.
N. Eng.— r-B. TToosac T. < West.—
.
1887.
1886.
1888.
$166,199
$134,676
$851,190
126,724
108,037
562,402
Net earnings............ $278,976
Other income................. 29,081
$288,788
25,278
$39,475
$26,639
Total net................. $308,057
Fixed charges............... 818,724
$314,066
287,764
$39,475
28,000
$26,639
29,500
ir.$26,312 sur.$l 1,475
def. $2,861
Balance.
......... def .$10,667
BRIEF PRESENTATION OF FACTS ABOUT THE
KINGSTON & PEMBROKE MINING COMPANY.
This Company was organized at Kingston, Ontario, Canada,
under the laws of Canada, on the 17th inst.
The Capital Stock o f the Company is $5,000,000.
Cash in Treasury, $200,000.
The Company owns and has rights on 8,000 acres of iron
mining lands, extending for 60 miles along the Kingston &
Pembroke Railroad.
The Company has 13 distinct mining properties, which are
being worked more or less, and are known :
1st. The Zanesville Olandower property, owned in fee
simple. Comprises 650 acres, from which 10,000 tons of ore
have been sold. Hus $20,000 worth of machinery.
There are three (3) openings on this vein, covering a distance
of half a mile. A large amount o f ore, estimated by a con
servative engineer to be 40,000 tons, is in sight in the main
shaft.
2d. The Qrady-Machar Mine. Owned in fee simple, attd
comprises 100 acres, upon which there is $2,000 worth of
machinery.
3rd.—The Levant Mine. Comprising 450 acres, which is
leased for 99 years at a royalty of 15 cents per ton. There are
three (3) shafts on this property, from which some 60,000 tons
of ore have already been taken.
This property contains the celebrated Wilbur mine, which
produces ore lower in phosphorus than any Bessemer ore im
ported into the United States. There is $40,000 worth ot
machinery on this property.
4th.—The Lalonde Mine. 100 acres in fee, upon which
there is $2,000 worth of new and improved machinery.
5th—The Culhane Mine, 100 acres in fee and $2,000 in
St. P aul & Duluth. —Attention is called to the notice of the
animal meeting of the stockholders of this railroad company,
which appears elsewhere in this issue. It is to be hold at St.
Paul on June 20, when several important propositions for
raising upwards o f $2,000,000 for improvements aind additions
required in the ensuing two or three years will be submitted
under a resolution of the board of directors. It is manifest
from the proposed submission of these propositions by the
directors that they thiDk the time is at hand when the com
mon stockholders should receive dividends upon their stock,
if the money for necessary improvements and new construc
tion and equipment can be obtained without appropriating
the income from the operation of the railroad. The several
propositions suggested are stated in the advertisement, and
there is now every opportunity to have this matter fully con
gidqred, and the question of the rights of the preferred stock
holders determined in the premises. A very large amount of
tuopey from earnings has heretofore been invested in perma¿ënt improvements to this property.
Toledo & Ohio Central.—In Common Pleas Court at
„Toledo the case of the Toledo & Ohio Central vs. J. A. JohnAOn et.Al has been decided in favor of the defendants. When
the terminal property was bought, a second mortgage was
given to procure funds, and second mortgage bondholders who
are defendants in this suit claim to have a prior claim on the
terminals, while plaintiffs claim that their purchase o f the
road in foreclosure covered both main line and terminal prop
erty. The case will be appealed.
Wabash St. Louis & Pacific.—The following press dispatch
from Chicago, May 26, gives full particulars regarding the
payment of wabasn coupons: “ An order was entered to-day
by Judge Gresham in accordance with his decision ten days
ago authorizing Receiver McNulta, of the Wabash, to pay cer
tain interest on the sectional division mortgages of those
branches of the system whioh have earned enough to pay
interest. The payments are to be made in accordance^ with
the showings or the books as now kept, and without prejudice
to the Chicago Division bondholders to enfore their rights or
show that they should not be compelled to pay all the expenses
o f the Chicago terminals. The Receiver is to pay first the
outstanding coupons maturing February 1, 1885, and prior
thereto on bonds secured, respectively, by the mortgage of the
Lake Erie Wabash & St. Louis Railroad Company, by the first
mortgage of the Great Western Railroad Company of 1859, by
the mortgage of the Decatur & East St, Louis Rail-;
road Company, and by the mortgage o f the Illinois &
Southern Iowa Railwey Company, and also the out
standing coupons maturing May 1, 1885, and prior thereto
on bonds Secured by the mortgage of the Quincy & Toledo
Railroad Company, excluding, however, such coupons belong
in g to Said bonds respectively, or to any of them, as may have
been heretofore conditionally exchanged for Or funded into
debt bonds or scrip certificates; and, second, the outstanding
coupons maturing Feb. 1,1885, and prior thereto, on the funded
debt bonds o f tne Wabash Railway representing coupons
belonging to the mortgage bonds above enumerated.
. “ On all the coupons interest shall be allowed from the
dates of their maturity to June 1, 1887, at 6 per cent. The
receiver is also ordered to pay six months’ interest on the scrip
certificates issued by the Wabash road in exchange for unpaid
'coupons on the above-mentioned mortgage bonds. An appeal
and supersedeas were asked by Solon Humphreys and D. A.
Lindley and refused. An order was also entered refusing the
application to dismiss certain suits brought at Springfield to
oreclose some of the underlying mortgages. These suits were
>egun by the trustees in the mortgages, though other suits
were pending for the same same purpose, commenced by the
bondholders, under order of Judge Gresham.”
Wisconsin Central.—Papers have been filed in the United
States Circuit Court at Milwaukee in a suit brought by Wm.
H. Hollister against John A. Stewart and Edwin H. Abbott,
Trustees of the Wisconsin Central Railroad, and Henry F.
Spencer, their registrar, and a former stockholder of the road.
The case grows out of the reorganization scheme o f 1879. The
complainant demands judgment for bonds and interest aggre
gating $500,000.
i
[YOL. XLIV.
machinery.
6th—The Williains Mine. 100 acres in fee and $5,000 worth
of machinery,
7th.—The Caldbogie Mine. This property is leased at a
royalty of 15 cents per ton on ore sold. $15,000 worth of
machinery.
8th.—The “ Blue ” Ore Lot. 100 acres in fee.
9th.—The M ississippi M ine covers one square mile, and is
leased for 99 years at a royalty of 15 cents per ton on ore mined
and sold. There have been 150,000 tons of ore taken from this
mine thus far. The plant cost $20,000,
10th.—The Ghildersleeve M ines comprise 1,266 acres in fee
and 800 acres in rights.
This property contains the celebrated “ Flower ” mine,
which is considered to be the largest mine ever found in
Canada.
11th.—The Company owns options on some 2,600 acres of
mining lands in the townships of Palmerston, Sherbrooke,
Bathurst, Oso and Alden, costing already some $10,000, and
which can be taken up at a cost of some $26,000 for the lot,
or $1,000 for 100 acres.
12th.—The “ B ed Ore ” Lot, 100 acres in fee.
13th.—The Black Lake Lot, 100 acres in fee.
The ore produced from the above enumerated properties is
of the highest grade, running as pure as 60 per cent of iron,
with but the slightest trace o f sulphur and phosphorus, thus
pi firing it the easiest kind of ore for smelting, and is already,
although but shortly in the market, in active demand among
the leading iron foundries in Cleveland and Chicago, to whom
200 tons per day are being shipped. The output of the mines,
without additional expense for machinery, can be increased
to 1,000 tons per day, for which a ready market can always
be found both in the United States and Canada.
The officers are:
President, Henry Siebert, New York.
Vice-President, B. W . Folger, Kingston.
Secretary and Treasurer, D. L. Gibbens.
Directors :
H. H. Hollister,
F. S. Flower,
D. L. Gibbens,
H. Seibert,
W . E. Cooper,
Gen. Samuel Thomas,
W. R. Stirling,
B. W . Folger,
W . G. Pollock.
Indianapolis Decatur & Springfield.—The second mort
gage bondholders of the Indianapolis Deoatur & Spring new
Railroad, by Mr. J. D. Probst, representing their interests,
bought this road at a public sale in New York on Wednesday.
The pricO paid was $700,000 over the first mortgage.
THE CHRONICLE.
M a t 28, 1887.]
C o m m e r c ia l
888
COTTON.
3 p n ie a .
Friday , P. M., May 27, 1887.
T he Movement of th e Crop, as indicated by our telegram*
COMMERCIAL EPITOMe T
from the South to-night, is given below. For the week ending
this evening (May 27), the total receipts have reached 9,'765Friday N ight, Miy 27,1887.
bales, against 10,626 bales last week, 12,666 bales the previous
A drought in the Northern and Atlantio States had become week and 18,077 bales three weeks sinoe; making the total
quite severe, causing forest fire3, damaging crops, and threat receipts since the 1st of September, 1886,5,163,288 bales.against
ening an unpleasant reduction in the supply of water to our 5,165,339 bales for the same period of 1885-86, showing an in
great cities; but at the West it has been relieved by rains; crease since September 1, 1886, of 2,949 bales.
much more in the East is still needed, however. N o fresh
Mon. Tues.
Wed. Thurt. Fri.
Receipts at— | Sal.
Total.
troubles with labor have oocurred, and some progress has Galveston.........
24
••
••
17
49
1
127
218
been made in adjusting those that were pending. Specula
....
....
....
....
....
....
Indianoia, Ao.
•• •
•
120 1,109
tion in coffee and cotton has been pushed to great extremes^ New Orleans...
227
136
64
341
1.997
....
295
1
22
4
152
474
and a fresh flurry in wheat is noted; but otherwise specula Mobile...............
....
....
....
....
•••a
7
r
tive circles have been rather quiet. General trade is very good Florida............
86
31
Savannah.........
15
433
2
860
293
for the season.
....
....
....
....
Brunsw’k, Ao.
•• a
•
2
ft
The speculation in lard has been rather sluggish and prices Charleston.......
....
85
260
16
1
175
5S7
....
....
....
3
Pt Royal, Ao.
have further given way, under the continued large produc
....
27
2
3
17
....
49
tion, but the close is somewhat steadier. Lard on the spot was Wilmington. . . .
....
....
....
....
....
4
4
Moreh’d C. dec.
very dull until yesterday, when a good business was done at Norfolk.............
585
12
8 1,662
707
819
31
the decline for export, and the demand to-day was very fair
....
....
....
....
687
•• •
•
West Point, Ao
68T
at 6'70c. for prime city, 6-85@6-90c. for prime to ohoioe West
....
....
303
410
•• •
•
•• •
•
71$
ern, 7-10c. for refined to the Continent and 7‘65c. for refined New York........
292
190
160
9
63
152
866
Boston..............
to South America.
....
....
....
....
•••a 1,146
1,146
Baltimore. . . . . .
d a i l y c l o s in g p r ic e s o f l a r d f u t u r e s .
540
Phlladelp’a, Ao.
» ’86
39
365
5
45
....
Saturd'y. Mond’y. Tuesday. Wedns’y. Thursd'y. Friday' Totals this week 1,209 1,453 1,588 1,427 1,200 2,888
9,76?
6-85
6-92
6-83
6 96
7‘00
June deliv’y .. 6-98
7-01
6-98
6-97
7*06
708
July
“ .. 7 0 7
For comparison, we give the following table showing the week’s
7-07
7-08
7-14
7*11
7‘16
August “ .. 7 1 4
total receipts, the total since Sept. 1,1886, and the stock to-night,
7-22
716
7*18
7-16
7-24
Boot.
" .. 7*23
and the same items for the corresponding periods of last year. '.
7*25
7*24
7-29
722
7‘30
October “ .. 7‘29
Pork has been dull, but is not quotably lower : old mess $15
@$15 25; new do, $15 75(g) $16; prime, $14@$14 75 an 1clear
$16 25@ $17 50. Cutmeats have latterly been more active, but at
some concession in prices; pickled bellies, 7^@7J^c.; shoulders,
6 ^ 6 5 * 0 . and hams 1 0 ^ @ ll^ o .; smoked shoulders 7$£c. and
hams i2 ^ @ 12^o. Beef remains nearly nominal at $8 50 for
extra mess and $9 for packet per bbl., and $13@$15 for India
mess per tierce. Beef bams in fair demand at $21 50@$22 per
bbl. Tallow is easier and more active at 8%o. Stearine has
been firmer and slightly dearer at 8 ^ c., with oleomargarine
steady at 7o. Butter is lower at 16@19c. for creamery and 16
@20c. for State dairy. Cheese of the new crop has been more
active and closed steady at 9@10J^c. for State factory full
cream. The swine slaughtered at the principal Western
towns, March 1 to May 25, numbered 1,705,000, against 1,545,000 for the corresponding period last year.
The following is a comparative summary of aggregate
exports from November 1 to May 21.,
1886-7.
Pork, lbs........................ 25,075,800
Bacon, &o., lbs............... 268,54,1,813
Lard, lbs......................... 183,847,380
1885-6.
25,968,400
274,934,718
171,639,135
Dec.
G alveston...
Ind’nola,Ao
New Orleans.
Mobile..........
Savannah. ..
Charleston ..
Pt.Royal,&o
Wilmington .
Norfolk........
W.Point, Ac.
New Y ork ...
Boston . . . . . .
892,600 Baltimore.. .
Deo.6,442,905
Philadel’a,Ao
Ino.12,208,745
Total............
1886-87.
This Sines Sep.
Week. 1,1386.
218
705,656
1,997 1,711,734
474 212,244
7
23,159
860 793^150
2
31,729
537 364,350
3
18,772
49 134,247
4
3,827
1,662 529,419
687 323,680
713
95,049
868 103,003
1,146
63,282
540
54,987
1885-86.
This Sines Sep.
Week. 1,1885.
Stock.
1887.
729
693,167
781
5,480 1,689,270
663 241,121
4
50,107
3,962 784,96.9
16,252
3,034 487,094
14,221
82 101,161
3
7,802
3.178 546,112
457 275,678
194
55,257
3,845 102,528
1,002
51,636
157
45.185
9,765 5,168,238 22,790 5,165,339
7,157
107,757
1,843
3,846
1886.
17,800
mm m
nr d
n
109,705
22,187
2
15,836
2J&94
3
5,376
736
1,833
4,314
197,838
5,000
4,643
24,422
29,380
9,410
290,974
6,316
21,401
i5 ,759
359,339
565,777
In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons,_________
Receipt» at—
1886.
1887.
1884.
1885.
Galvest’n.Ao.
New Orleans.
Mobile.. . . . . .
Savannah ...
Chari’s t’ n, Ao
Wilm’gt’n, Ao
N orfolk......
W. Point, Ao.
All others . . .
218
1,997
474
860
510
53
1,662
687
3,274
729
5,430
663
3,962
3,034
85
3,178
457
5,202
322
2,056
296
364
488
15
1,631
194
1,598
Tot. this w’k.
9,765
22,790
6,964
1883.
838
2,655
160
402
55
i-8
723
1889.
3,278
3,628
8,913
842
1,768
876
253
5,994
890
7,262
1,43?
2,318
841
1,902
1,160
53
3,24$
1,294
3,702
8,129
30,426
15,95D
Since Sept. 1. 5168,288 5165,339 4701,361 4751,662 5824,186 4556,889
Galveston includes Indianoia; Charleston Includes Port Royal, Ae„
Wilmington includes Moreh’d City, Ac.; West Point includes City Point,Ao.
The exports for the week ending this evening reach a total
of 13,986 bales, of which 4,659 were to Great Britain, 241
to France and 9,086 to the rest of the Continent. Below are
the exports for the week and since September 1, 1886.
E x p o rt»
fro m —
G alveston.......
New O rleans..
Savannah.........
Charleston. . . .
W ilm in g to n ...
Norfolk.............
W est Point, 4 c
New York.......
W eek E nding M ay 27.
E x p o rted to —
From Sept. 1,1886, to M ay 27,1887
E x p o rted to —
d om i ¡fatal
G reat
G reat
B riV n. F ran ce n en t. W eek. B ritain . F ra n ce
216
4,893
8,560
o o o oo e
3,481
......
•eeees
.............
4,659
241
9,086
Total 1885-80 35,874
2.885
Baltimore.......
Philadelp’a.A e
363
Total.............
4,385
423
225
363
Total.
255,546 80.35C
721,010 318,220
48,807
104,900 390,798
300,379 1.405.QQ9
40,807
233,159 18,648
60,453 43,968
60,823 7,960
826,226
97.078 2,150
445,010 40,217
143,223
65,146
8,750
52,493
243,960
143,206
10,857
8,900
8,406
215,5?2
1,822
28,737
3,219
18,688 2.598,180 470,268 Î ,130,988
495,707277,025
109,640
830,120
108,284701,885
145,045
132,683
56,712
i l l
25
3,653
40
200
482
883
Conti
n ent.
|§
The speculation in Rio coffee has continued very active and
there is a further advance in prices, though showing to-day
rather less animation, but maintaining an important advance
and closing with seller at 19‘20@ 20‘20q. for the earlier and
20‘30@20‘55c for the lastdr months, an advance for the week
of 120@ 130 points. Coffee on the spot has also been advanc
ing, with fair cargoes quoted 20%c. to-day, but the close is
quieter. R a w sugars were active and dearer, but the improve
ment was n.ot fully maintained, and the close is dull at 4J^c.
for fair refining Cuba and 5 3-16o. for Centrifugal 96 deg.
test. Molasses is dearer at 20%c. for 50 deg. test, with a good
general demand. Oolong teas are freely offered and weak.
Kentucky tobacco has sold to the extent of 250 hhds., of
which 100 hhds. for export. Prices at the West are firmer for
all desirable grades, while frosted and unsound lots are not
wanted. Seed leaf has met with a good demand, and sales
for the week are 1,536 cases, as follows: 450 cases 1886 crop, and
150 cases 1885 crop, New England Havana seed, private terms;
286 cases 1881, ’82 and ^83 crops, Pennsylvania, 11U@
19c.; 180 cases 1885 crop, Pennsylvania seed leaf and Havana
seed, 10@20c.; 200 cases 1885 crop, Dutch, 9 @ lie ,; 150 cases
1885 crop, Wisconsin Havana, 8@8>£c., and 150 cases sundries,
7@28c.; also, 600 bales Havana, 60c.@$l 05, and 200 bales
Sumatra, $1 20@$1 50.
Spirits turpentine was firmer, but closes dull at 86^@37c.,
and rosins are quiet at $1 22^@$1 30 for common to good
strained, with tar steady at $2. Crude petroleum certificates
have been doing better, and to-day were active and buoyant,
closing at 63^@ 64c.
On the Metal Exchange there was some renewal o f specuj^rion in Straits tiD, with sales to-day at 23c. for June and
22‘85c. for July, but the close is quiet. Ingot copper has
shown some animation, especially for October options, the
Bales being liberal at lOJ^c. for that delivery ; and of domestic
lead the sales to-day embraced 32,500 lbs. for Sept, at 4%c.
The interior iron markets are quiet but firm.
.Ocean freights have shown much activity in the shipment
or gram, the greater portion going to the Continent, but Great
•Britain getting a fair share; but tonnage is abundant, and
rates show little improvement. To-day’s business was at 2l4d.
tp Liverpool, 2%d. to London, 3d to Hull,
to
Glasgow and 10 eta. to Oporto per bush.; also, 2s. 10i^d. Der
quarter to Cork for orders.
■
Receipt» to
May 27.
8,415 40,074 2,206,211 890,2171,222,146 3,827,574>-
681
THE CHRONICLE.
In addition to above exports, our telegrams to-night also give
ns the following amounts o f cotton on shipboard, not cleared,
at the ports named. W e add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
& Lambert, 24 Beaver Street.
On Shipboard, not cleared— r
fo
May 27, at —
Other CoastGreat
Britain. France. Foreign wise.
L ea vin g
Total.
Stock.
New Orleans___
Mobile..............
Charleston . . . . .
Savannah. . . . . .
Galveston.........
N orfolk.............
New York.........
Other ports.....
8,021.
None.
None.
None.
None.
None.
1,200
2,400
None.
None.
None.
None.
None.
Nonè.
None.
None.
262
None.
None.
None.
None.
None.
3,200
None.
648
None.
50
200
None.
2C0
None.
None.
3,931
None.
50
200
None.
200
4.400
2.400
6,621
None.
3,462
1,098
11,181
61,875
16,686
1,339 10,949
4,292
4,141
4,867
2,189
79,030
27,308
486,747
422,160
C
D
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developed an active speculative interest during the week
under review, and some new features have been apparent.
The close is at a decided advance from last Friday. Saturday
being a half-holiday under a new law, business was wholly sus
pended at noon, and very little was done in the morning
hours; enough, however, to bring out the fact that there
was increasing interest in the next crop, due, not to any
unfavorable reports from the plantations, but to the smaller
visible supply and to the increasing probabilities that sup
plies will ue somewhat deficient before the new crop can be
marketed. September and October options became favorites
with the “ bull” party. The movement continued through
out Monday and Tuesday, August advancing only 9 points,
while September advanoed 21 points, and October 18 points,
from the close of Friday. On Wednesday reports of a move
ment looking to short time in Lancashire checked the upward
course of values. Yesterday there was renewed buoyancy,
the “ bulls” giving little heed to the “ short-time” discussion,
but operating more largely in this crop. To-day there was
great activity and an advance to the highest prices of the
season, but this crop was the favorite, and the range between
August and Ootober options widened 10 points. Cotton on
the spot advanced l-16c. on Monday and again on Tuesday,
with a good business for home consumption and something
done for export. Yesterday there was a further advance of
l-16c., but less doing. To-day there was a further advance
o f %o., middling uplands closing very quiet at l l ^ c . The
Cotton Exchange adjourns to-night to the morning of Tues
day, May 81.
The total sales for forward delivery for the week are 820,600
bales. For immediate delivery the total sales foot up this week
4,728 bales, including 600 for export, 4,228 for consumption,
— 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 27.’
UPLANDS.
NEW ORLEANS.
TEXAS.
Sat. M on Tuea Sat. M o n Tuea Sat. M on Tuea
Ordin’y.® lb 87x6 8716 8k
8k
8k
811x6 8 k
8k
Bike
Strlot Ord.. S78
87«
815x6 91x6 91,6 9 k
91,6 91,6 9 k
Good Ord.. 833X 9X3X6 978 10
10
6
10
lOiie 10
lOke
Btr.G’dOrd 10*4 10 k 105,a 107,6 107,6 10k 1071 107,6 lo k
fl
Low Mldd’g 108s 105s lOilie 1018,6 1013,6 107« 1013,6 1013,6 107«
Btr.L’w Mid 10IS16 lOlSje 107« 11
11
11
l i k e 11
lik e
Middling... 11
11
113,6 113,e I l k
lik e l i k e 113,6 i l k
Good Mid.. I l k I l k
117,6 117,6 I l k
11516 117,« 117,6 i l k
Str.G’d Mid I l k
Ilk
l l l l , 6 1111,6 I l k
11916 1111X6 11.1ÏX6 i l k
Mldd’g Fair l l 7e 11’ « 1115x6 121,6 121,6 12k 121,6 121,« 12k
F a ir.......... 12k 12k 12»X6 1211,6 1211x6 12k I21k6 1 2 ii,ell2 k
W e d T h . F r l. W e d Tlx. F r l. W e d T h . F rl.
Ordiny.Wfe 8 k
89,6 8Ul0
Strlot Ord.. 81516 9
9k
915i6 101,6
Good Ord.. 97«
Str.G’d Ord 105i« 103« 10k
10k
Low Mldd’g io n 16 10
Btr.L’w Mid to7« 1015,e l l l , 8
Middling... H 1X i l k
ilk
6
Good Mid.. 115X8 i l k
I lk
Btr.G’dMld 11®16 i l k
I lk
Mldd’g Fair 1115j6 12
12k
Fair............ 129,6 12°« 12%
STAINED.
8Hxe
9k
lOhe
10k
107«
1ÜX6
Ilk
ilk
Ilk
12k
12k
Sat.
8k
87«
87«
811,6 8k
98,6 96,8 9 k
93,6
10 k 10k 101,6 10k 10k
109,6 1011X
6^10k 109je 1011,6
1016,6 l i k e IO7« 1015lfl 111,8
Hk
ilk
Ilk
lik e i l k
115,6 117,6 I l k
115,6 117,6
119,6 1111,6
11016 1111,6 I l k
H ik e 1115,6
1113,6 lllBie I l k
123,6 125,6 12k 123,6 126,6
1213,6 1215x6 12k 1213,6 1216,6
ITIo i l Tuea W e d
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F r l.
Good Ordinary....................< lb. 81«
f)
81«
83ie 83ie Sk
83«
8 87« 813j8 gija
Strict Good O r d in a ry ............ 81316 818jj 87
9k
9% ! 91316 9i31 97« 1
Low Middling........... .
6
10
Middling...................................... 10k 1 0 k ilQliie lOihe lO ^ llO 7
«
MARKET AND SALES.
< .
0
o
348,208
Total1886 .......
g
©3-&S' § 2 & ®
o 03
So »3 ®*© ® p!i
103,826
1,843
686
8,646
7,167
4,114
193,438
33,498
Total 1887.......
[V ol. x l i v .
9 i§9
II
I ë)
I ®
:
hmh
I 9© 9
•H © H
* Includes sales In September, 1886, lor September, 42,900; September-Ootober, for Ootober, 287,200.; September-November, for November,
441,700; September-Deeember, for December, 765,100; SeptemberThe total sales and future deliveries each day during th- Jannary, for January, 1,685,900; September-Februar y, for February,
week are indicated in the following statement. For tne con 1,282,400; September-Marck, for March, 2,106,800; September-April,
venience of the reader we also add a column which shows at a for April, 1,628,900.
|^* We have included in the above table, and «hall continue each
glance how the market closed on same days.
week to give, the average price of futures each day for each month. It
■will be found under eaoh day following the abbreviation “ Aver.” The
«ALBS OF SPOT AND TRANSIT.
FDTDBBS.
average for eaoh month for the week is also given at bottom of table.
stot market
Ex- 1Con-1 Svee- TranTransferable Orders—
Saturday, 10*85o.; Monday. 10*95o.; Tuesday»
Deliv
CLOSED
port. sump ul’t’n] tit. Total. Bales. eries. 11 *00c.; Wednesday, ll'OOo.; Thursday, l l -10c ; Friday, ll*30o.
B a t.. Firm....................
Mon. Strong................
Tuet. Steady at lie &dv
Wed. Firm ..................
Thun Steady at l,« adv
F r l . . Firm at k adv ..
...J 513
....1 ,5 2 2
....1 412
....1 ,2 4 6 '
500 462
...,¡
73;
....
....
....
....
....
....
513 24,900
1,522 66,900
412 174,400
1,246 145.5)0
962Ì171.700
73j237,200¡
The following exchanges have been made during the week:
*64 pd. to exch. 1,000 Nov. for Sept.
02 pd. to exoh. 100 May for June.
*06 pd. to exoh. 100 June for Aug.
*19 pd. to exch. 500 Jan. for Oot.
....
. . . . *100 pd. to exoh. 1,000 Dec.for July.
*07 pd. to exoh. 2,300 Junefor Aug.
Total.
500 4,228' . . . . .... 4,728¡820 600
• • *04 pd. to exob. 300 July for Aug.
••
*53 pd. to exch. 500 Oot. for Sept.
T h e S a l e s a n d P r ic e s o f F u t u r e s are show n by the fo llo w •08 pd. to exch. 1,100 Junefor Ang.
ing comprehensive table.
*16 pd. to exoh. 200 Sept, for May.
T4 pd. to exch. 500 Nov. for Mar.
•08 pd. to exch. 500 Nov. for Feb.
Even 100 May for June.
•02 pd. to exch. 1,000 Nov. for Jan.
•07 pd. to exoh. 3,200 June for Aug.
*75 pd. to exch. 100 Oct. for July.
*08 pd. to exch. 200 June for Aug.
*52 pd. to exoh. 500 Oct. for Sept.
*28 pd. to exoh. 500 Nov. for Oct.
•02 pd. to exch. 100 July for Aug.
THE CHRONICLE.
Ma y 28, 1887.]
685
The V isible Supply of Cotton to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat, are this week’s returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (May 27), we add the item of exports from
the United States, including in it the exports of Friday only.
l«lee less than at the same period last year. The receipts at
the same towns have been 8,795 bales less than the same
weak last year# and since September 1 the receipts at all thn
towns are 23,652 bales less than for the same time in 1885-86#
Quotations for Middling Cotton at Other Markets.*
—
In the table below we give the dosin g quotations o f middling
cotton at Southern and other principal cotton markets for each
1834.
917,000 day of the past week.
1887.
Stock at Liverpool.......... bales 933,000
Stock at London.......................
18,000
1886.
633,000
15,000
Total Great Britain stock. 931,000
3,500
Stock at Ham burg.................
Stock at Bremen....................... 49,400
Stock at Amsterdam................
29,000
Stock at Rotterdam................
200
Stock at Antwerp........ .
1,100
Stock at H avre........................ 251,000
Stock at Marseilles..................
3,000
8took at Barcelona..................
53,000
8,000
Stook at Genoa........................
Stock at Trieste........................
15,000
648.000 1,026,000
5,900
5.000
43.000
50.000
28.000
50.000
300
590
1,000
800
152,000 189,000
7.000
4.000
68,000
66.000
15,000
8.000
9.000
5.000
978.000
3,200
69,500
50.000
1,090
1,800
242.000
5.000
54.000
329,200
445,500
413,200
Total Continental stocks........
Total European stocks___1,364,200
India ootton afloat for Europe. 310,000
Amer. cott’n afloat for Eur’pe. 58.000
Egypt. Brazil, Ac. ,aflt for E’ripe 22.000
Stock in United States ports.. 359,389
Stook in U. S. Interior towns..
42,775
United States exports to-day.
3,991
1885.
996,000
30,000
378,300
61,000
Week ending.
May 27.
Galveston...
New Orleans
Mobile..........
Savannah...
Charleston. .
Wilmington..
N orfolk......
Boston........
Baltimore....
Philadelphia.
Augusta.......
Memphis. . . .
St. L ou is.....
Cincinnati...
Louisville....
10.000
9.000
977,200 1,404.300 1,423,500
248,000 208,000 333,000
250,000 113,000
-------95.000
13,000
4,000
24.000
565,777 449,468 469,125
141,053
51,949
56,050
14,475
3,200
1,000
CLOSING QUOTATIONS FOB MIDDLING OOTTON ON—
Satur.
Mon.
Tues. I Wednea. I Thürs.
101#
lOi#
10»,8
lOBs
lOi#
10»,6
10 %
10%
101#
107,e
10>#
10%
101#
101*8
lOi#
10’s
11%
11
11*6
101*8
103,
107,6
10%
111«
11
11%
101*8
10%
101#
101#
10’ S
10%
10%
101*8
109.8
10»,8
101#
10%
10%
10%
10 %
1015,8
1 0 5 .8
me
me
u i«
11%
11 %
11%
10 %
10 %
10%
10 %
11
1016,8
10%
11%
11%
10 %
10%
10 %
10 %
10%
10 %
11 %
u%
10%
10 %
10 %
10 %
10%
M
10 %
10 %
10%
10%
10%
10 %
11%
11
11%.
10%
10%
10 %
11
10%
10 %
10 %
11
11
11
A mount of Cotton in Sigh t Ma y 27.—In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to May 1, and also the
takings by Southern spinners to the same date, so as to g iv e
Total visible supply..........2,160,355 2,209,505 2,233,917 2,401,675
Of the above, the totals of Amerioan and other descriptions are as follow s:
American—
Liverpool stook...............bales 706,000 461,000 747,000 640,000
Continental stocks................... 284,000
226,000 265,000 310.000
American afloat for Europe...
58,000 250,000 113,000
95,000
United States stock.................. 359,389
565,777 449,468 469,125
United States Interior stocks..
42,775 141,053
51,949
56,050
United States exports to-day..
3,991
14,475
3,200
1,000
illhstlilTl tllillIV f.lio o mmt n
a#
_i i
m
1886-87. 1885-86.
Receipts at the ports to May 27 5,168,238 5,165,339
Interior stocks on May 27 in
exoess of September 1.
10,528 140,842
Tot. reoeipts from planta’tns 5,178,816 5,306,181
Net overland to May 1............ 750,799 742,113
Southern oonsumpt’n to May 1 331,000 279,000
Total in sight May 2 7 .......... 6,260,615 6,327,294
Total Amerioan..................1,454,155 1,658,305 1,629,617 1,571,175
Boat Indian, Brastl, etc.—
Liverpool stock........................ 227,000
172,000 249,000 277,000
18,000
15.000
30.000
61,000
London stock...........................
Continental stocks................... 129,200
103,200 113,300 135,500
India afloat for Europe........... 310,000
248.000 208,000 333.000
Egypt, Brazil, Ac., afloat........
22.000
13,000
4,000
24 000
®
^
1884-85. 1883-84.
4,701,361 4,751,662
40,592
15,018
4,741,953 4,766,680
578,718 546,720
239,000 264,000
5,559,671 5,577,400
Northern spinners’ takings to
May 2 7 .......................... .
1.480,320 1,613,407 1,261,269 1.438,890
Total East India, A c......... 708,200 551,200 604,300 830 500
Total Amerioan................. 1,154,155 1,658,305 1,629,617 1,571,175
to-nighT,
Total visible supply..........2,160.355 2,209,505 2,233.917 2,401,665
Price Mid. Upl., Liverpool. . . .
6i316d.
5%d.
5i51fta.
Price Mid. Upl.. New York—
ll% o.
93,#o.
lOio^o.
ll% e!
W “ rh e im ports in to Continental ports this w eek have been
62,000 bales.
T he above figures indicate a decrease in the co tto n in sight
to-n ight o f 49,150 bales as com pa red w ith the sam e date o f
1886, & d ecrea se o f 73,563 bales as com p a red w ith the correspon din g date o f 1885 and a decrease o f 241,810 bales as
com pared w ith 1884.
w i t h i s
eeX 6« 1
W
S
£ ¿ ¡2 2
18 70(>’944
W e a t h e r R eports b y T e l e g r a p h . - O u r advices from the
South to-night indicate a continuation of favorable conditions
during the week at most points. The crop is, in general
growing finely, and the present outlook is quite satisfaotmw*
In a few sections o f Texas, however, rain is needed
^
^PLW
’7LThe weather has been warm and dry
thermomefcer has averaged 78, ranging
A r the Interior Towns the m ov em en t— th at is th e receip ts from 7 U o 84 ^
fo r the w eek and since Sept. 1, the shipm ents fo r th e w eek , and
Palestine, T e x a s ,-W e have had warm and dry weather
th e s to ck s to-n ight, and the sam e item s fo r th e corresp ond ing 5^
week. Crops are good. The thermometer has ranged
period o f 1885-86— is set ou t in detail in th e fo llo w in g statem ent, from 61 to 92, averaging 76.
«tugea
H H
Huntsville, Texas.—Warm and dry weather all the wee k
5SSHE?
low<St°Q2. ^ g° ° d' Average thermometer 79, highest 94 and
§“®fft|
gss wäo-B-S
•Ilfs*as*
q
HHjv* ?
I8¡r*?P£
ft I I | p * 5 Sis'® B ? is*5f F I I
s
jfl
f-
b ¡? £ j
Dallas, Texas.—There has been no rain all the week. Indications are favorable for crops. The thermometer hak aver
aged 80, the highest being 95 and the lowest 62
Austin, Texas. - N o rain has fallen during the week and
e
t
* i r * * * p e : 9 :1 : !
r ffe 79, ra n “ ln 4 o ne^ ifc 94.
J
b
t
r
aged r7Q egmgin gg fr0 m 67 to agaiD> T he th erm om eter has a v e ra“ *
O. M*CC
* C bO
C*. toococno
ÍÍS S S Í8 „S S hm$3 s 8Í SS
Cü lü RCC
O »< i OOO
“ wS S S 0 00“ 00§ « S S oS S m S mw
5
C O Q to C G
i
ü 5 O
^ oäw hoo
• H 7M
CI
M
5 I* M H .
* 0
ft I oc»a M .c !
C I g-JCoww-j;
O
o iA n
- I CD < 1 M
‘
lU K s S i v I
^ M
1 “ '
ow
• M CO
S*
K AUO-I m ■
O h
Columbia, Texas.—There has been no rain yet. Ctods are
suffering dreadfully and farmers are considerably d i s c o S L S
Average thermometer 77, highest 93 and lowest 61. SCOUraged‘
Cuero, Texas.—The weather has been dry all the week
Crops are fair, but would be benefited by Vain. T h J t w l
S S 8 2 S S 5 S S 2 S S ^ 8 a S S Í2 ’á
SJ. ; M tO
tO ip. 0
5
« . . 00-400 C
O
I s s s s Sü
M J flllll
00 CO CO M
00 GO © M*
£
MO»
CO fco
STeraged ,8 - th0 h i* heBt
M
and f t .
Belton, Texas.—The weather has been dry all the week
S
K
The
ometer S t * j 5 S £ &
w e S ^ woodr stands % “ corn h s7 cotton have been secured
weex. G ^ d
of "W e and had ^ weftther aU the
A T age^ ermo“ eter 77’ highest 99 and lowest 58.
‘
1 has rained on one day o f the
Iff
thermometer has averaged 78.
110
11
wf 5 re1’*Port>Louisiana.—There has been no rain during the
week. Average thermometer 80, highest 99 and lowest la 9
®
M ississippi.—W e hav? had rain on «^ ^
of
ThoTi?e^ th6 A
amua l reachmg two inches and ten hundredths:
T o l n l T Z t ^ ^ ran^ d from 58
86, averaging TO
.
drfdths of' ^ t ^ SipPs ' ~ R i^ 1 for the weeh fifty huna>m 1
S d lowest 68.
6rage thermometer 74-7, highest 87
¡| P I S S S | 3 „ E S I S S S S »
w eek , th e ra in fa ll rea ch in g tw o h un dredths o f an in ch .
®W-4WMC0§W «M cí o 8 * w 00g g á
MI tO £
%
OiC O fcO M M C O
__ ¿
HUKH.
.
&
a»
OftOOMMtOM
® M O # - » 4 -J O ,
C C 0 MO-4M
J O0
*
5 v, tulA£. o C
0
5
® 0500000000
«
m
Brenham, Texas.—W e have had warm and dry weather all
^r?-u8 « • flne» but sandy lands will soon be again
flUo 95. am* The thermometer bas averaged 80, ranging ffSrn
Sw
3S
m
oo<JMlAOOO
w oo-iifH O i®
00 ! CD
i
• T eXas,r^ZW S have h ad n o rain »11 the w eek . CroDS
a v e r a g ^ g 7 9 n g ‘ T h ® fchermometer h a s ra n g ed fr o m 62 to 99*
»S
Í L S
h
^
g ld s s lg s s ;
aj j g i i g i f s g g i s s s s s s s a
.
, mil m in ■ i
a o»M
t The flggrea tor Louisville tap *years are t“anet.’1 M O iv i
t This year’s figures estimated.
" f
toä
t f j S e z J Ä r i S ^ t h e 1 eek 5^09 í a i ° ld ? terior 8fcocks h a v e
w
g m e w eek 5,509 bales and are to-n igh t 98,278
S
The
fS
M ississip p i-T eleg ra m not received,
M ississippi.—It has rained on two days o f the
rainfall reaching thirteen hundredths of an inch. I
ranged fromflo* to 89.' & ^
late‘
The t h e r m o m e t e r ^
THE CHRONICLED
686
Clarksdale, M ississippi.-T h e weather . hM
«taring the week, but too rainy, showers havmg fallen on four
«lavs, to the extent of two inches and fifty hundredths.
Vicksburg, M ississippi.—It has been showery on two
-days of the week, the rainfall reaching sixty hundredths of
inch. Average thermometer 78, highest 95, lowest 62.
Gloster, M ississippi.—Telegram not received.
Helena, A rkansas. - I t has been showery on three days of
fh e week, the rainfall reaching one inch and fifteen hundredths.
There has been somewhat too much rain and
ing grassy. The thermometer has ranged from 64 to 90, aver-
LVo l . X U V .
According to the foregoing, Bombay appears to snow a
d e crea s e compared with last year in the w ^ k s receipts of
21,0*00 bales, and an in c r e a s e in shipments o f 7,000 bales, and
the shipments since J&m 1 show an incTB&ss of 82^000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st o f January, for two
years, has been as follows. “ Other porta” cover Ceylon,
Tutioorin. Kurrachee and Coconada.
Shipments fo r the week.
Great \ Conti
Britain. nent.
Memphis, Tennessee.—V ie have had rain on five days of the
week, that of yesterday being too heavy in some localities. The
rainfall reached one inch and thirty-one hundredths. The
crop in general is developing promisingly. Average ther
mometer 76, highest 90 andlowest 64.
.
Nashville, Tennessee.—W e have had ram on five days of
the week, the rainfall reaching twenty-five hundredths of an
inch. The thermometer has averaged 72, the highest being
85 and the lowest 57.
,
Mobile, Alabama.—There have been showers on three days
o f the week, the rainfall reaching sixty hundredths of an
inch. The crop is developing promisingly; prospects are fineThe thermometer has averaged 74, ranging from 6d to 8».
Montgomery, Alabama.—It has rained on four days of the
week, the rainfall reaching eighty-four hundredths of an mch.
Prospects are splendid. Tne thermometer has ranged from bd
Calcutta1887 ........
1886........
Madras—
1887........
1886........
All others—
1887........
1886........
Total a l l 1887........
1886........
Total.
Shipments since January 1.
Great
Continent.
Britain.
Total.
6,000
10,000
16,000
76.000
42.000
95.000
25.000
171,000
67,000
........
........
........
4.000
3.000
2,000
6,000
3,000
........
15,000
23,000
15,000
13,000
30,000
36,000
95.000
68.000
112,000
38,000
207.000
106.000
10,000
6,000
16,000
The above totals for the week show that the movement frem
the ports other than Bombay is 16,000 bales more than the same
week last year. For the whole of India, therefore, the total
shipments since January 1,1887, and for the corresponding
periods of the two previous years, are as follows:
^ S e lm lh & b a m a .— W e have had rain on four d a y s o ft h e
week, the rainfall reaching eighty-five hundredths of an inch
Average thermometer 74, highest 88 and lowest 66.
A u b u rn , Alabam a.—It has rained on four days of the
week, on two of which thunder storms, accompanied by light
hail, but with slight damage. The rainfall reached one inch
ànd thirty-six hundredths. The thermometer has averaged
75*5, the highest being 90 and the lowest 61.
. ,
Madison, Florida.—We have had rain on four days of the
#eek, the rainfall reaching one inch and eighty hundredths,
The thermometer has averaged 72, ranging from 61 to 80.
Macon, Georgia. - I t has rained on one day of the week
Crop accounts are more favorable.
,, ^ M .
Columbus, Georgia.— W e have had rain on three days of
Of the week, the rainfall reaching three inches and twentynine hundredths. The thermometer has ranged from 67 to 80
EXPORTS TO EUROPE PROM ALL INDIA.
1887.
Shipments
to all Europe
from—
Since
Jan. 1.
This
week.
Bombay........... 67.000
All other ports. 16.000
Total..........
This
week.
786.000 60,000
207.000
83,000
1885.
1886.
Since
Jan. 1.
This
week.
Since
Jan. 1.
704.000 18,000
1,900
106.000
509.000
108.000
993,000 60,000| 810,000 19,900| 617,000
M a n c h e s t e r M a r k e t . — Our report received by cable to-mght
from Manchester states that the market continues easy for both
varns and shirtings, and that manufacturers are resorting to
short time. W e give the prices for to-day below, and leave
those for previous weeks of this and last year for comparison.
G e o r g i a .-- * , have had rain on ftvedaya ot
the week, light on two, the rainfall reaching one
and
fourteen hundredths. Average thermometer 78, highest 89
1886.
1887.
32« Oop.
Twist.
8*4 lbs.
Shirtings.
d.
s. d.
Oott’n
Mid. 32s Oop.
TJpids Twist.
d.
d. is.
d.
5®s 7 0711,6 5
0»8 718 07®8
511ie 718 07®8
5% 71i 6 07^1*
6^18 7 I 16 ®7#u
513,6 M
71« 07°8
8 ^ lbs.
Shirtings.
d.
e. d.
Oott’n
Mid.
TJpldt
<
L
d.
a.
anI t t £ w S , Georgia.—The crop is in good condition and
7 06 9
51u
9 « 6 101«
51.
doing nnely. There has been light rain on four days at this Apr 22 7618-715lê
7 06 7
9 « 6 101«
29 7&i«-7i&ie
7 06 7
58ii
point and good rains in the neighborhood. The rainfall May 6 7BH -7]61e 9 « 6 101«
file
7 06 7
9 06101«
» 13 7616— 71B16
neached fifteen hundredths of an inch. The thermometer has
5%
7 06 7
« 20 7&i« - 71516 8 0 6 10
5>i
Averaged 78, the highest being 92 and the lowest 63.
7 06 7
5 8 0610
ig— ia
7
“ 27 7B 1 iB
Atlanta, Georgia.—There has been one light »bower during
the week, the rainfall reaching twenty-two hundredths of an
T e xa s C otton C rop .— The Galveston D aily News of May
inch. The thermometer has averaged 72, ranging from 62 to 22 contained very oomplete reports on the crops from all sec
tions of the State, of date May 21, which it summarized edi
Albany, G eorgia .-T h e weather has been favorable and
pleasant during the week, with ram on tw o days tothe extent torially as follow s:
The New«
issued
o f fifty-six hundredths of an inch. Crops are the best for the critical presents the first of its crop reportsreports each year during
period of the cotton plant. These
have been com
years. The thermometer has ranged from 63 to 90, averaging piled with ¿ e a t care, and every precaution has been taken toex elude
*25
•
--. ■
* exaggeration or highly-colored accounts. The reports cover over 200
situated in over 100 counties, and may
‘C harleston, South Carolina. - W e have ^ad rain on five noints of the actual condition of the cotton plant he taken as a truthful
reflex
to-day throughout the
davs of the week, the rainfall reaching three inches and eleven Antir« cottou belt of the 8tate. It will he seen that the reports are
hundredths. Average thermometer 78, highest 88 and low- almost uniformly favorable, the principal damage done by the pro-
traoted drouth being to retard growth and to cause the crop to be about
three weeks late. The greatest damage has been done in those counties
lying west of the Colorado River, where, in some instances, farmers w
ere
so discouraged that they abandoned their fields, but such cases w
ere
K
a n d ^ average decrease in acreage, even in the neighhorhoo^
Hint, suffered most, will not exoeed 10 per cent of that of last year. T e
h
most favorable reports come from Central and Eastern Texas, whe
there is an average increase in aoreage of about 10 per cent, and tho>6
the plant is two to] three weeks later, in nearly every instance it»
rAnorted as doing well and presenting a healthy appearance. T
he
farmers are well up with their work, have the'r fields clean and hate
sAeured good stands. * * * The cotton crop, though late, bids fair to
he largefbut it will follow close upon the heels of one of almost fam^Every pound of ootton will be needed and will probably command goou
prices. The stocks left over last season were small, and thecropnojr
being handled has about been exhausted, so that by the 1st of SepW
her toere will he scarcely a blade left, Ellison s last estimate plaemg
thft stock of American cotton in Liverpool at the close of the P1 *
season at only 2757000 hales, while the C h r o n i c l e ’ s last Btateraeut
May 26, ’87. May 27, >86. showed a decrease in the visible supply of American
bales as compared with last year. Thus it will be seen thatthere is n
Feet. Inch. Feet. Inch. danger of over-production, no matter how large the -yield.may oe.au
3
14
2
11
New Orleans....................... Above low-watermark
the delay in marketing the crop will simply tend to i^ e a se .its vaiu
8
29
8
18
M em phis............................. Above low-watermark
and thus enable the farmer to secure better prices for his ootton. * ev
4
5
5
4
Nashville.............................Above low-watermark
has there been a year when a large crop was more needed.
8
6
2
16
Shreveport............................Above low-watermark
2
42
5
29
Vicksburg.................A b ov e low-water mark
J u te B u tts B a g g in g , See.— A steady market is reported
^Stateburq,South Carolina.—The weather has been very
favorable to crops during the week. Ram has fallen on three
days, the rainfall reaching one ^«h^and twenty-nine hun
dredths. The thermometer has averaged 71T, the highest being
84 and the lowest 64.
m
■
i.
• j
Columbia, South Carolina.—Telegram not received.
Wilson, North Carolina.—It has rained on three days of
the week, therainfall reaching one inch and fifteen hundredths.
The thermometer has ranged from 63 to 90, averaging 77.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o clock
May 26, 1887, and May 27, 1886.
I n d ia C otton M o v e m e n t f r o m a l l P o r t s .— The
receipts
and shipments of cotton at Bombay have been a s f ollows for
the week and year, bringing the figures down to May 26.
BOMBAY RECEIPTS AND SHIPMENTS POR POUR TEARS.
Receipts.
¡Shipments this week. Shipments Since Jan. 1.
1 '
This
-----Great I Conti-1 ™ . , Great Conti
Week.
Tear.
Total.
Tear
Bril’n.\ nent. Total- Britain nent.
58,0001,213,000
39.000|28,000|67,000j275,000 511,00C 786.000 79,000 1,105,000
1887 12,000 48,000 60,000 221,000 483.000 704.000
1886
509.000 69,000 803,000
1885 17!000 1,000 18,000164,000 345.000 900.000 73,000 1,289,000
1884 12,000110,000122,000:378,000 522.000
for bagging and goods are moving quite freely. Prices » "
quoted at 6@6J^c. for X% lb., 6 ^ @ 6 ^ c , for
^ euers
for 2 lb. and 7 ^ @ 7% c. for standard grades, with some se^e
asking a shade more. Butts are in good demand ana
hear of sales of 3,000 bales at 113-16(5) l% c. for paper g
and 2^@2M c. for bagging qualities.
Shipping News.—The exports o f cotton from *he JJjK l
States the past week, as per latest m ail returns, have reac*
19,323 bales. So far as the Southern ports are concerneu. ^
are the same exports reported by telegraph, and pubhsneu^
the Chronicle last Friday. W ith regard to New x or*
include the manifests of all vessels cleared up to Thu»«*
THE CHRONICLE
M a y 28, 1887.]
Total bales,
Y ork — o Liverpool, per steamers City of Montreal, 12
T
....England, 1 6 4 ....Sravia, 256.............................................
432
To Bremen, per steamer Fulda, 9 0 2 .........................................
902
To Antwerp, per steamer Belgenland. 3 3 .............................
38
To Copenhagen, per steamer Island, 453.................................
453
To Barcelona, ner steamer Cherlbon, 1,825........ ...................
1,825
To Genoa, per steamer Utopia, 5 3 5 .........................................
535
To Halifax, per steamer Portia, 2 0 0 ........................................
200
Hsw Orleans—To Liverpool, per steamers Bed Sea, 1,333....
4,833
Texan, 3,500.......
To Barcelona, per bark Encarnación, 450......................... .
450
To Genoa, per steamer Elsie, 2,818 .......-- - ......................... 2,818
Galveston— Bremen, per bark N^jaden, 7 5 5 ........... ..........
To
755
Norfolk—To Liverpool, per ship Carnarvonshire, 4,254............ 4,254
Baltimore—'To Liverpool, per steamers Nessmore, 167— Peru
vian, 198...............................................................
365
800
B oston—To Liverpool, per steamers Istrian, 798----Marathon, 2
To Yarmouth, per steamers Alpha. 4 0 — Yarmouth, 5 0 ....
90
P hiladelphia—To Liverpool, per steamer Indiana, 5 7 3 ...........
573
Total.............................................................................................. 19,323
The particulars o f these shipm ents, arran ged in ou r usual
form , are as fo llo w s :
Halifax
LiverAnt- Copen- Barce< Yar1
6
pool. Bremen, tcerp. hayen. Iona. Genoa, mouth. Total
432
902
38
453 1,825
535
200
4 ,3 8 5
New York.
450 2,818 ........ : 8,101
N. Orleans. 4,833 ..................................
755
755 ........
Galveston. ........
4,254
Norfolk . .. 4,254
365
365
Baltimore.
890
800
Boston.......
573
Phlladel’ia.
578
687
W edn es. tM ay 2 5 .
Open High Low. Clos.
d.
May . . . . . . . . 550
550
5 51
5 59
5 53
5 54
September.
Sept.-Oct... 5 44
Oct;-Nov... 534
Nov.-Dee... 5 32
May-June..
June-July..
July- Aug ..
Aug.-Sept..
F rl., May 2 7 .
T h u r s .« M a y 9 6 .
nkw
Open
d.
d.
d.
d.
5 50
5 50
5 51
0 52
5 53
5 54
5 44
684
5 33
050
550
5 51
5 52
053
0 54
5 44
534
5 81
500
5 00
5 01
5 62
5 53
5 54
0 44
0 34
5 3Í
High \ . Clos. Open High Low. Clos.
low
d.
d.
d.
d. d. d.
5 49
5 49
0 49
5 51
559
5 53
5 48
533
530
550 5 49
55 0 5 49
0 50 5 49
0 59 0 51
053 5 62
5 51 0 03
044 5 43
534 5 33
031 030
550
550
500
5 52
00 3
554
0 44
5 34
0 31
552
552
552
55 4
5 55
556
5 46
5 85
583
5 52 5 53
5 59 5 52
5 59 552
0 54 5 54
555 555
5 56 556
5 46 5 46
5 85 5 35
533 588
BREADSTUFFS.
F r id a y ,
P. M., May 27,1887.
There has been a steady demand for wheat flour at full
prices, but business is held in some check by the views of
holders being advanced beyond the limits of export buyers.
To-day the market was firm but quiet.
- ■••
»•
Wheat has been somewhat irregular. Enormous supplies
have continued to arrive by lake and canal, the disposal o f
which has prevented any improvement in prompt deliveries
but the more remote options, beginning with July have
shown at times an upward tendency, owing to unfavorable
Total... 11,257 1,657
38
453 2,275 3,353
290 19,323 crop accounts and the rapid progress which has been made in
reducing the visible supply, giving increased strength to the
Cotton freights the past week have been as follows
statistical position. Besides, the large shipments to France
in the face of her high import duty, is believed to have politi
Fri.
Mon.
Tues. Wednes. Thurs.
Satur.
cal significance. Yesterday, there was renewed and general
Liverpool,steam d.
buoyancy, in sympathy with speculative manipulation at
118
he
118
1ie
1I6
....
....
....
....
Do
sall...d.
•••a,
•• •
•
Chicago. There was little change, and no active mfluedfce at
work.
Havre, steam ... c.
B
ie
B
ia
B
ia
»16
hi
B
ie
....
....
....
....
....
Do sail........ 0.
••a.
Bremen, steam..«. ®1«9% ®lfl*ll8S B 1138 B
i6'*u 3a 5ie'®11s2 5ie® u s2
l«®
....
....
....
Do
sa il. . . . . .
....
Hamburg, steam.«. ®x8®11sa
B
ia
B
ie
B
ia
®
16
B
ia
....
....
....
....
Do
sail......
•• •
•
Amst’d’m, steam 0.
35*
35*
85*
35*
85*
35*
....
....
....
....
....
Do via Leith d,
Roval, steam_ d. 11«4-1S l *«4-lS64 n 64-1S64 11«4—
_
«4
1s«a 1164“ 18S4 ,184“ 18e4
....
....
....
Do sail.........d.
....
Baroelona,steam<f.
1#64
1884
lsfl4
«64
«64
1S64
Genoa,steam___d.
81S
8ia
*1«
8ia
8ie
3ia
Trieste, steam... d.
%
%
%
%
%
%
Antwerp, steam.d.
7*4
76
4
7«4
784
764
784
1Per 100 lbs
L iv e r p o o l .— By cable from Liverpool we have the following
statement of the week’s sales, stocks, &c,, at that port,
add previous weeks for comparison.
May 6.
Bales of the w e e k ..........bales
Of whioh exporters took_
_
Of whioh speculators took ..
Sales American........................
Actual export...........................
Forwarded..........................
Total stock—Estimated...........
Of which American —
Estim’d
Total import of the week........
Of which American.............
Amount afloat......................
Oi whioh American........ .
66,000
5.000
8.000
49.000
11.000
12,000
971.000
776.000
33.000
29.000
214.000
56.000
May 13.
May 20.
46.000
4.000
1.000
87.000
12.000
15.000
982.000
768.000
79.000
37.000
209.000
32.000
60,000
8,000
6,000
43.000
13.000
8,000
971.000
743.000
57.000
24.000
192.000
23.000
DAILY CLOSING PRICES OF NO. 2 RED WINTER WHEAT.
Sat.
Jane delivery...............
July delivery.................... 96%
August delivery........... . .. 94
September delivery.... ... 93%
December delivery___ . ... 96
_
May, 1888, delivery_ ,...101
58.000
5.000
3.000
43.000
10.000
23,001/
933.000
706.000
45.000
10.000
202.000
18,000
Spot.
Saturday ' Monday. Tuesday. TFedne*. Thursd'y. Friday.
Fair
Market, ) In buyers’
business Moderate Firmer. Moderate Hardenl’g
12:30 P.M. f favor.
demand.
demand.
Upl’d s .......
5*3ia
513,8
5 )8 ,8
» « is
518.8
51316
Mid. Orl’ns.
513,8
5 l 3 la
513ia
518.8
513,8
51»!«
Mid. Sales.. 8 ,0 0 0 1 0 ,0 0 0
8,000
1 0 ,0 0 0
8,000
10,000
Spec. & exp.
500
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1,000
1 ,0 0 0
Futures.
8teady at
Quiet at Quiet at
Market, )
Steady at
1-84 de
Quiet.
8-64 ad
1 2 :3 0 p.M. y l-«4 ad
Quiet. l-04@2-04
vance.
cline.
vance.
advance.
Market, ? Steady.
BaTely
Very
Dull.
V é iy
Steady.
4 p. m. {
steady.
Steady,
steady.
r
*7. 61 f
a
n
u
ciosmg prices oi futures at
Jfy^pool for each day o f the week are given below. These
June
Sat., May 2 1 .
M ay........
May-June
June-July.
July-Aug..
Àug.-Sept..
September.
8ep t.-O ct...
Öct— o v ...
N
N ov.-D ee...
M o n .) M a y £ 3 «
Open'High L ow . Clot, Open High
d.
d.
a.
d.
d.
a.
5 49 5 49 5 49 5 49 5 48 5 48.
5 49 5 49 5 49 5 49
5 48 5 48
5 49 5 49 5 49 5 49 5 49 5 49
5 51 551 5 51 5 51 5 51
5 51
5 52 5 52 5 52 5 52 552
5 52
5 53 553 5 53 5 53 553 553
5 42 5 42 542 5 42 5 42
5 42
5 32 532 532 532 53 2
5 32
5 29 5 29 5 29 5 29 5 29
5 29
L ow : Clos.
a:
5 48
5 48
.549
5 50
'5 51
5 52.
541
531
529
d.
5 48
5 48
5 49
550
5 51
5 52
5 41
5 31
5 29
4 63 means
Tues., May 2 4 .
Opm'Hlgh Low. Clos,
d.
5 48
5 48
5 49
651
5 52
5 53
5 42
6 32
680
d.
d.
5 49 5 48
549 5 48
5.50 5 49
5 51 5 51
5 52 5 52
553 5 53
5 42 542
5 82 5 32
530 530
d.
5 49
54 9
560
5 51
5 52
658
5 42
5 32
5 80
94%
9439
» 6*8
94
96%
101%
96%
94%
49
50
51
4,3%
4,3%
49%
50%
I
49%
50%
PPm
48%
49%
50%
Fri.
47%
48%
49%,
$0%
Oats have been variable and unsettled, The lower prices
recently made do not appedr to have caused any material
increase in the home demand, and there has for some time
been no couaiderabie export business. To-day there was no
decided change.
r
d a i l y c l o s in g p r i c e s o f n o .
Sat.
............ 33%
June delivery
July dellvery;.; ....... 33% 33%
August delivery...... . . . . 32%
Mon.
33%
33%
.32%
2
oats.
Tues.
32*8
33%
32%
Wed. Thur s.
33%
33 •
33%
33%
32%
32%
Frt.
32%
33
32%
ftye remains quiet, Barley malt brings full prices in a smáll
way.
The following are the closing quotations
FLOUR.
............. ^ bbl. $2 60 **3 35
S u perflne...... . . . . . . . 3 (JO® 3 55
Spring wheat extras. 3 5 0 » 3 80
Mitur. olear and stra’t. 4 1 0 » 4 75
Wlntershipp’gextras. 3 6 0 » 3 90
WinterI Í & X X X .. 4 109 4 85
P a t e n t s ..:............ 4 3 0 » 5 10
Southern su p ers...... 3 4 5 » 3 65
, South’ n 00m. extra s..S3 70 »S 4 20
Southern bakers’ ana
*
and
family br ,ds.. $ bbl 4 2 5 9 4 85
Bye floor, superfine.. 2 7 0 9 2 90
....... a 109 2 25
F in e... . . .
Oorn meal—
Western, 4 k o..... .
2 4 0 9 2 70
Brandyw ine.......
2 7 09 2 75
GRAIN.
WheatSpring,per bush.
Spring No. 2. new
Bed winter, No. 2
Bed. winter . . . ..
W h ite ................
Qom—West. mixed
West. mix. No. 2.
West, whltef’ : : . : .
West,,yellow .. . . .
Whité Southern..
Yellow Southern.
87 9 98
93% a 96
96 ® 98
89 9 1 QO
bO 9 98
46 9 49
47%94S%
48 9 52
47 9 51
52 9 58
48 9 51
o S S S stated ***** °f Upian<is>Low i d l i n g clause, unless
pence and Qdths, thus:
F ri.
97%
DAILY CLOSING PRICES OF NO. 2 MIXED CORN.
Sat.
Mon. Tues.
Wed. Thurs.
delivery..................... 48
47%
47%
48%
47%
49
50
August delivery................ (
September BP
delivery..........'50% ,
WM
.
May 27.
Thurs.
97%
96*8
a
v “ , uovuuou, lut oputs ana lucures, under freer
offerings, and the favorable weather in middle latitudes fbr
the next crop. The lower prices of parcels arriving by canal»,
mostly “ steamer grades, have caused some increase in the
export movement, mainly to British ports. To-dav the
market was quiet, but closed steadier.
W e July delivery............... .
I he tone of the Liverpool market for spots and futures each
day of the week ending May 27 and the daily closing prices
o f spot cotton, have been as follow s:
4
Mon. Tues.
06%
97
97
96%
96*8
94*8
94
94%
94%
91
94%
96%
96%
96*8
101*8 101% 101%
R eceipts a t —
Chicago.........
Milwaukee...
Toledo...........
Detroit.........
Cleveland. . .
St. Louis. . . .
Peorta...........
Duluth.........
Tot. wk. *87.
Same wk.’86.
Sane wk,’85.
Since July 24
18 8 6 -7 :.*;.'
1 8 8 5 -6 ,..;..
1884-5.. . . .
Rye—
„State & Pa., $ bush. 59 9 63
Oats—M ixed. . . . . . . . . . 32 9 85%
W h ite .:.;......... .
37% 9 41
No. 2 m i x e d ......... 33% 9 84%
No. 2 w h i t e ......... 3» % » 39%
Barley—Canada . . . . . . Viii 9 ...
Two-rowed State........ ; . . 9 ..
Slk^row^d Sthte..... . . . . 9 " "
Malt—
State, 6-rosved. 80 9 *83
State, 2-rowed............70 » 75
C a n a d a ....’ . . ............. 85 9 95
Peas—Canada............... 6 5 9 66
F lou r.
W heat.
Corn.
Oats.
Barley.
R ye.
Bbls.Vtälbs Bush.00 lbs Bush.W lbs Bush.32 lbs B ush.48 lbs
Bush.b6 lbs
128,471
348,295
642,400
1,229,270
90,382
11,043
42,321
109,240
27,810
81,650
20,425
480
o.ééi
100,156
12,660
3,310
2 ,0 0 0
3,792
77,023
0,848
15,574
14,540
3,810
44,900
13,000
23,100
i,o e s
19,506
143,610
120,700
200,710
9 ,9 3 0
3,92»
1,150
10,075
114,700
297,100
15,é00
7^050
44,851
278,758
249,535
144,628
137,256
1,107,057
518,744
783,569
944,154
909,002
1,212,273
1,856,720
1,770,300
1,401,320
1 4 5 ,5 2 4
23,1'OA
34,42»
01,384
8,995,926 75,403,652 71,553,008 53,088,430 20,928,924
7,085,713 51,358,952 78,377,470 49,939 319 19,057,301
8,64Í:,014 92,497,895 81,509.542 50,398.030 10,863.7 V
1,843,15»
2,695,993:
4.30B.71S
" ” 1 5 8 ,7 9 0
113,843
THE CHRONICLE.
I )';, b
[VOL. XLTV.
The receipts of flour and grain at the seaboard ports for the ages, valued at $196,228. These shipments include 1,702
packages to China, 737 to South America, 282 to the WestBye, ladies, 250 to Aden, 115 to Europe, 53 to Central America, 50
Com,
Oat», Barley,
Wheat,
Flour,
buth. to East ladies, 44 to Mexico a n i 74 to all other countries.
bush.
bush.
bush.
bush.
At—
bbls.
3,250 45,030 Since the 1st of January the exports aggregate $83,125 pack
Hew Y o r k ....... 91.877 2,436,800 573,260 353,400
23,790
20
90,167
•Boston......... . 64,863
39,218
46,219 ages, valued at $4 820,829, Of this total China has had 46,833
69,423
46,000
Montreal . . . . . 23,863 270,855
59,276
2,400
packages, valued at $2,192,752, and 14,413 packages, valued at
34,570
Philadelphia... 23,451 208,726
390 $1,031,021, have gone to South America. For the similar
16,280
25,466
Baltimore........ 55,288 371,844
4,800
3,400
24,700
1,800
Richmond........
period of 1886 the exports to all ports reached 86,730 packages
13,255 103,437
Hew Orleans... 13,627 388,385
and in 1885 were 67,193 packages. At first hands there was a
Total w eek... 274,'776*3,'719,178 807,418 636,406
5,670 91,639 steady though less active demand for staple cotton goods, and
©or. week »86 247.691 2,177,027 2,287,943 710,874 16,300
8,775 sales coupled with deliveries on account of former transactions
" Last week’s figures; others not received.
reached a very fair aggregate. Stocks of brown, bleached and
The exports from the several seaboard ports for the week colored cotton are so exceptionally small in the hands of
yiding May 21, 1887, are shown in the annexed statement:
agents and at the mills, that prices remain firm all along the
line, and a good many additional makes were slightly
Mssporit
Peat.
Wheat.
Com.
Flour.
Oats.
Bye.
from —
advanced during the week. Print cloths were in moderate
demand and steady in price on the basis of 3 5-16o. 64x64
Bush.
Bush.
Bush.
Bush.
Bush.
Bbls.
’
Hew York 1,337,677 250,297
2,600 “ spots,* 3%c. for 64x64 “ futures” and 3c. for 56 x60s. Stocks
68,106
1,643
25,990
last Saturday, and for the three previous years, were as
Boston...
35,546
16,400
26,047
59,854
N. News..
16,000
follow s:
82,666
week ended May 21, 1987, follow:
Montreal.
Phlladel.
B<lm’ri
W.Orl’ns.
Rlohm’nd
54,558
269,736
263,885
527,991
330,283
49,296
16,000
61,994
59,471
15,568
2,143
48,892
618
Tot. w’k 2,824,972
© ’me Urne
1886. .. 1,583,157
460,458
161,374
66,201
25,990
85,266
586,150
179,333
111,349
16,772
90,168
........
May 21,
Stock o f Print Cloths—
1887.
Held by Providence mannf’ra. 103,000
Fall River manufacturers... 214.000
Providence speculators........ 47,000
Outside speculators (est)...... 50,000
Total stock, (pieces)........... 414,000
May 23,
1885.
434,000
373,000
324,000
300,000
May 24.
1884.
255,000
267,000
285,000
100,000
361,000 1,431,000
907,000
May 22,
1886.
99,000
67,000
165,000
30,000
Printed calicoes and printed cotton dress fabrics, as sateens,
The visible supply of grain, comprising the stocks in granary cretonnes, lawns, batistes, & were in irregular demand at
n t the principal points of accumulation at lake and seaboard first hands, and dress and staple ginghams were in fair request
p orts, and in transit by water, May 21, 1887 :
and firm in price. White goods ruled quiet, but scrims and
Barley, table damasks were in fair request.
Corn,
Bye,
Oats,
Wheat,
bush.
bush.
bush.
bush.
V In store at—
bush.
D omestic W oolen Goods . —There was but little improve
6,850
13,026
Hew Y ork .......... 2,165.561 1,033,632 412,908
ment in the demand for men’s wear woolens by the clothing
49.800
Do afloat........
189,500
496,290
56,430
Albany.................
13,100
7,200
10,147
trade, and doth and dry goods jobbers bought sparingly, but
19,601 there was a somewhat better feeling in this branch of the
Buffalo.................
10,933
827,311 1,314,505 188,644
30,666 business, and agents representing the leading mills are rather
Chicago................ 13,614,281 5,983.238 1,336,140 135,615
firmer in their views. Cassimeres, suitings and worsted coat
Do afloat......
47,134 ings ruled quiet, and transactions in overcoatings were light
12,957
11,006
Milwaukee........... 1,916,788
and unimportant. Satinets and Kentucky jeans were more or
10,057,944
less quiet but prices remain steady and unchanged. Cloakings
Do afloat____
4,484
Toledo..................
19,595
823,087
123,440
were in limited demand, and Jersey cloths and stockinettes
36,052
185,099
8,344
36,500 were lightly dealt in by manufacturers. Fall dress goods
9,500
O sw ego..............
76,000
40,000
2,381 were more sought after by buyers on the spot and good aggre
30,068
At. Louis...............
545,885 1,805,825 193,438
100,500
117,000
D o afloat.......
gate orders for leading makes were booked by salesmen trav
8,000
43,000
13,000
Cincinnati...........
44,000
5,000
9,099 eling in the West. Flannels and blankets have met with
970
Boston............... .
62,846 290,088
90,040
4,249
23,403 some attention, but buyers are hardly ready to begin opera
T o r o n t o ....... . . .
128,001
22,668
19,875
37,559 tions for the fall trade. Carpets were quiet in agents’ hands
97.835
27,518
Montreal.............
25,083
339,380
Philadelphia. . . . .
364,210
423.804 56,793
and there was only a moderate business in wool hosiery,
12,598
2,679
52,382 490,528
■Peoria...................
heavy shirts and drawers and fancy knit woolens.
14,681
728
Indianapolis. . . . .
23,727
7,378
F oreign D r y G oods were for the most part quiet in im
149,304
84,702
9,237
Kansas City........
274,147
18,403
porting circles, and the jobbing trade was sluggish, but a fair
......
Minneapolis........ 6,748,611
distribution of silks, velvets, dress goods, shawls, embroid
840,000
eries, laces and lace goods, hosiery, etc., was made to fair
29,500
On Mississippi...
187,080
62,800
968,852
941,480 402,215
advantage through the auction rooms. Staple imported
O n canal & river. 2,040;000
8,400
15,200
888,100
goods are fairly steady in price, but concessions can readily
T o t May 21, »87. 43,018,837 13,214,537 3,727,909 345.045 221,193 be obtained upon such fanoy fabrics as cannot be safely car
Tot. May 1 4 .’87.44,458,10213,766,160 3,805,630 326,372 267,069 ried over because of the mutations of fashion.
T ot. May 2 2 ,’86. 87,613,771 7,814,500 1,523,960 302,856 375,834
D omestic E xports of Cotton Manufactures .—Through
T o t May 23, '851 36,768.106 5,022,209 2.185,839 369,184 302.305 the courtesy of Mr. W . F. S vitzler, Chief of the Bureau of
T o t. May 24, ’84t 17,978,563 8,452,550 3,088,105 1,029,480 375,870
Statistics, we have received this weak a statement showing the
4 Minneapolis and St. Paul not included.
exports of domestic cotton manufactures for April, and for
the ten months of the fiscal year, with like figures for the
corresponding periods of the previous fiscal year, and give
TH E DRY GOODS TRAD E.
them below :
New Y oek , Friday, P. M., May 27,1887.
EBusiness in the wholesale branches of the dry goods trade
Articles, and Countries to w hich M onth ending A p r. 80. 10 mos. ending Apr. 30.
Exported,.
wras steady but moderate the past week.
There was a con
1886.
1887.
1886.
1887.
siderable influx o f Western and Southern jobbers and their
Cotton, manufactures o f—
Q uantities—
-department buyers, whose operations in staple cotton goods
Colored and uncolored:
691,331 8,683,352 10,605,214
and in certain fall fabrics reached a fair amount, but local Great Britain and Ireland... .yards
769,056
4,085,724
458,787 3,529,403
101,796
Other countries In E u rope....
“
1,339,179
Jobbers have stocked up so freely the past fortnight that their British North A m e r ic a ....... . “
318,850 1,400,398
201,944
1,934,775 9,767,228 12,790,190
756,987
M exico.............................................
“
purchases at first hands were comparatively light.
Under Central American States and
475,089 5,430,435 4,492.550
518,075
the influence of warm spring-like weather the retail trade WBritish Honduras.................... “ 1,179,493 1,007,095 15,619,006 14,788,702
est Indies............ i .....................
“
3.670,185
497,897 11,197,441
12?,045
Argentine Republic....................
“
was active in this city and in many sections of the interior, Brazil .............................................. “
987,330
6,773,333 6,510,916
770,622
386,403 4,918.188 3,785,200
627,462
“
and jobbers have consequently been the recipients of numer United tates of Colom bia... “
880,134 22,116,326 12,339.618
1,699,304
Other countries in S. America
7,322,640 3,667,752 69,573,908 56,255,957
“
ous orders for (mall parcels of staple and department goods. China........................................
Other countries in Asia and
1,696,359 6,955,519 10,162,040
392,432
“
Oeeaniea......................................
Seme large lots of printed and woven cotton dress fabrics
881,119
6,987,815 8,219,059
48,743
A frica...............................................
“
44,222 4,655,394 5,769,217
185,428
were cloEed out by the commission houses at relatively low Other countries............................. “
14,696,027 13,927,143 177,607,746 154.813,876
Total yards o f above..
figures, but the market for staple cotton goods continues
$897,072 $11,497,030 ' $9,990,203
$941,462
Total values o f above.
buoyant and strong. The feature of the week was a peremp
$-0045
$-0644
$0647
$0641
tory auction sale of 1,800 pieces 6-4 fancy cassimeres, the Value per yard.....................
Values—
product of the Methuen Mills. The goods were all sold,
$
$
Other manufactures o f :
$
224,602
250,565
25,866
30,337
21420
and the prices obtained were fairly satisfactory under the Great Britain and Ireland...
24,024
646
2,471
Germany......................................
13,008
800
14,820
circumstances, though by no means remunerative to the France.........................................
10,014
1,186
2,719
Other countries in Europe...
459,627
428,259
90,082
63,426
British North America.........
78,637
manufacturers.
The Bates Manufacturing Co. will make a Mexico................... ................
99,606
6,067
11,721
peremptory sale of 2,000 cases quilts in the early part of next Central American States & British
25,683
24,840
433
2,245
Honduras.................................
58,696
74,893
5,934
6,416
week in order to close out the stock on hand, and the results W est Indies...............................
50,747
103,782
5,273
13,285
United States of Colombia..
67,991
62,743
8,378
4,657
o f the sale are awaited with interest. There will also be a Other countries in So. A m e ric a ....
215,07*
281,135
28,040
19,230
Asia and O eea n iea ................
8,319
8,352
176
499
peremptory Bale of 10,000 packages of wool flannels on June A frica ........ ............................
49,036
76,739
3,660
12,987
Other c o u n tie s.........................
1st, by order of Faulkner, Page & Co., and on June 8 the
■■entire stock of Parker, Wilder & Co. will be closed out.
Total value o f other manufac
1,265,663
1,390,702
175,741
169,993
tures o f ....... ..........................
D omestic Cotton G oods.—The exports o f cotton goods
1,072,813 12,887,732 11,275,865
1,111,455
Aggregate value o f all cotton goods
■from this port for the week ending May 24 were 8,807 pack
Ma t
THE CHRONICLE!
28, 1887.]
UTavra fPurtrjaQts.
jtyectat %uvtBtruzut&.
National Cable Railway Stock.
Duluth South Shore & Atlantic Sub
scriptions.
South Pittsburg City Stock.
E Q U IT A B L E
Mortgage Company.
Capital Subscribed .
............. R*,0 0 0 ,0 0 0
Pnid in (Cash)......................... ...* 1 ,0 0 0 ,0 0 0
D E B E N T U R E S ,
Alabama Mineral Land.
vn
Chicago Portage & Superior Land
Grant Bonds.
Bearing 6 per cent, running ten years and based
exclusively upon Western Farm Mortgages, held in
trust by the American Loan & Trust Company, of
New York, for the benefit of the bondholders. Their
safety, time to run and rate o f interest make them
the most desirable Investment now offered. Also,
A
L O A N CO. of
ALABAM A,
S elm a, A la .
Eight per cent net to Invest
ors. No losses. Interest col
lected fre e o f charge to lender,
First mortgage on improved
farm property In finest agri
cultural districts In Alabama,
worth
Legislative author loan. three times amount ox
ity to negotiate loans. Sole Alabama correspond
ents of several European farm
loan companies.
R. M. NELSON,
Individuals or Trustees de
President.
siring to make safe loans,
address the company for parW . R. NELSO N,
___ & Gen.Man’ger. I
ticulars and references.
V .-P . ____________ _
Refer by permission to Geo. S. Coe, President, and
Dnmont Clarke, Cashier, Amerloan Exchange Na
tional Bank, New York; Logan C. Murray, President
U nlted States National Bank, New York.
GUARANTEED FARM MORTGAGES.
T O B E Y
K I R K ,
4 AND « B R O A D
STREET,
NEW Y O R K .
T r u s t C o .’s S t o c k s .
AT.Ti o f TH U
Mew Y o r k
AND
B r o o k ly n Companies’
BOUGHT A N D SOLD B T
W M .
C.
96
N O Y E S ,
OFFICES«
New York, 208 Broadway I Philadelphia,112 S.4th St.
Boston, 28 Court St.
| Kansas City,7th& Del. Sts.
NORTHWESTERN
GUARANTY
LOAN CO.,
Real Estate Mortgages on City
and Farm Property, worth two
to four times amounts o f mort
gages, I n t e r e s t 6 p e r c e n t to
7 p e r c e n t, principal and inter
est absolutely guaranteed. Se
curities for guaranty held by the
American Loan & Trust Com
pany, of Boston, Mass.
Send for circulars to
MINNEAPOLIS.
Paid-Up Capital,
NEI1ER A CARPENTER.
8 4 0 0 ,0 0 0 .
Bankers, Troy, N. Y .
Authoris’d Capital
8 4 ,0 0 0 .0 0 0 .
Eastern Managers for Company
Bee my quotations o f Trust and Telegraph Stocks
In D ally Indicator and Saturday’s Evening P ott.
In Sums of $100 and Upwards on
Indiana and Ohio Bonds.
W E O F F E R F O R SA LE
N OTH IN G SA FE R . A L W A Y S PR O M P T L Y P A ID .
SEND FO R P A M P H L E T .
A LIM ITED AM OUNT OF
First Mortgage 6 Per Cent Gold Bonds
Nassau St., N. Y.
A. L . OllM SB Y,
Vice-President and General Manager.
INVEST THROUGH THE SOUND AND
R E L IA B LE
WESTERN FARM MORTGAGE CO«
Farm Mortgages
B roadw a .
0
The American Investment Company, of Em
metsburg, Iowa, with a paid-up capital of 8 6 0 0 ,000, surplus $73,04)0, offers first Mortgage
Loans drawing seven per cent, both Prlndpaland
Interest fully Guaranteed. Also 6 per cent 10year Debenture Bonds,secured by 105 per cent of first
Mortgage loans held In trust by the M ercantile
Trust Co., N .Y . Five per cent certificates ox
deposit for periods under one year. W rite for full
Information and references to the company at I S O
JO S . A . N O O R B ,
8 4 Easit M a r k e t S t.. I n d ia n a p o lis , I n d .
LAW RENCE, KAN.
F. M. P e r k i n s , P rest.
L , H . P e r k in s , Sec.
Paid Up Capital,
- - 8 4 3 0 ,0 0 0
The choicest First Mortgage Farm Loans, also the
Company’s Ten Year Debentures, based upon Its
capital and assets
Said up years’ experience, of over $650,000. No losses.
lleven
with absolute satisfaction
to over 1,500 Investors. Send for circulars, forms and
full Information, Branch offices In N. Y. City and
Albany. New York Office 187 Broadway.
C. C. H1NE & SON, Agents.
OF THE
ROBE
A
DECATUR
K A N S A S 8 % LO AN S.
RR.
Principal payable 1926. Interest Jane and Decem
ber at American Loan & Trust Co., Trustee.
Issued at the rate of $15,000 per mile.
This railroad runs through the richest mineral and
agricultural portions of the States of Georgia and
Alabama, and forms a direct Western outlet for
roads centering at Rome, Including the Bast Ten
nessee Virginia & Georgia and Georgia Central roads'
GROVESTEEN Sc P E L L ,
66 E xchange Place, N ew Y o r k ,
B AN K E R S A N D BROKBRS.
Kansas Investment Co.
OF T O P E K A , K AN SA S,
6 PER CT. SECURED GOLD BONDS,
Principal and Interest payable at the
N IN T H N A T IO N A L B A N K , NE-W YO R K.
Said bonds are fully secured by first
mortgages on improved real estate in
Kansas, deposited with the
SEND FOR
HODGES
They are largely taken by institutions
conservative investors generally.
Price. Par and Accrued Interest.
Represented by
A . D . M ID D L E T O N ,
_________________ 10 W a ll Street, N. Y .
The Investors’ Agency,
* 4 0 La Salle St., Chicago, i l l ,,
(M. L.
K N O X ’S K A N S A S
HODGES A
K N O X , In vestm en t B r o k e r s , T o p e k a , K a n s a s .
^financial.
J S. f a r l e e .
N o . 7 N ASSAU S T ., N E W Y O R K ,
BROKERS AN D D EA LER S IN
IN V E STM E N T
RONDS,
ST A T E , M U N IC IP AL A N D APPR O VED R A IL
ROAD BONDS.
Co r r e sp o n d e n c e So l ic it e d .
C. J, Turner,
Am erican Stocks a n d Securities. (16 Years’ Membership In the N.Y. Stock Exchange.
S1 P IN E S T R E E T .
«
D IA L IN G S IN
i n s u r a n c e
s t o c k s
A S P E C IA L T Y .
w Sfbo Sold on TOiranUslon a^sellerisoptlon.1
hSSbW N .'V?StockED o h a ^ f 8INOC’ W ASHBra» x
Jn o . P . T o w n s e n d , Special Partner.
Townsend & Washburn,
BANKERS AND BROKERS,
No. 6 W a ll Street, N ew Y o r k .
K 5 h “ do n ° ^ ^ ht 4 801(1 on Commission'
11,1
^financial.
R obert d . f a r l e x
J. S. Farlee & Brother,
SCCDDER, Jr., Proprietor,)
E, S. B a i l e y ,
G U ID E ,
® ® d o n o t o ffe r 3 O p t io n s for investors, but th e o n e , and that Is our U n c o n d i
t io n a l G u a r a n te e d 8 p e r c e n t L o a n s . Interest and Principal collected and remitted to
lender on date of maturity, Dree o f c o s t.
Do not loan your money at 6 and 7 per oent interest when you can as easily get 8 per oent on
same class of security. M o n e y i s w o r th 8 p e r c e n t in t e r e s t and Is bringing that In this State.
If ai < per cent loan is made a second mortgage Is taken for the other 2 per oent, and if a 7 per
>
centloau is made a second mortgage is taken for the other 1 per oent, and in addition the agents
get the usual commission. W h y n o t g e t th e t a ll b e n e fit y o u r s e l f o n y o u r m o n e y ?
. We have a capital of $100,000 to back our guarantee, but the best guarantee possible
Is the chat aoter of the loan Itself.
°
r
Lo»118 range In amounts of $250 to $10,000, hut generally $300 to $3,000; two to five years
tim e; security three to four times the amount of the loan.
ANSW ERS INQUIRIES CONCERNING
Large Library of Railroad Documents.
Competent Experts.
Confidential Reports,
___________________________Moderate Charges.
IN V E S T O R S ’
Containiugr the Compiled Laws of Kansas relating to the Mortgage Contract
and Taxes; References and Full Information about
Onr Method of Loaning.
BOSTON SA F E D E P O S IT & T R U S T 0 0 ., Trustee.
and
A
B A N K E R AND B R O K E R ,
16 A 18 BROAD 8T., NEW YORK.
Transacts a general Banking business. Including the
purohase and sale of stocks and bonds for cash or on
margin.
James D. Simons,
(Formerly SIMONS A H E W )
C
BANKER &BROKER,
4 Exchange Court de 34 B roadw ay, N. Y .
All Securities dealt In at N. Y . Slock Exchange
bought and sold for Cash or on Margin. Special atten
tion given Investments. Correspondence solicited.
MemberN. Y. Stock Exchange.
Member N . Y . Produce Exchange.
Douglas & Jones,
1 3 New Street
(Members o f the N. Y . Stock Exchange.)
Buy and sell Stocks and Bonds for cash or on mar
gin. Interest allowed on deposits. Correspondence
solicited.
JO H N F. D OUGLAS,
Of the late firm of Lawson, Douglas
Co.
W IL L A R D H . JONES,
Late o f W.S.Lawson & Co., Member N.Y Stock Exch.
74
Broadw ay,
&
Rolston & Bass,
NO. 20 BROAD STREET, NEW YORK.
S T O C K S , BO N D S,
A N D M IS C E L L A N E O U S S E C U R IT IE S
Correspondence solicited.
Quotations cheerfully furnished.
W m . H . rolsto n ,
W . A l e x . B a s s , Jr.
Member N. Y . Stock Exch’ge.
Cahoone & Wescott,
18 W a ll S treet, N e w Y o r k ,
Execute Orders In all Securities Listed on
NEW YORK STOCK EXCHANGE.
Special Attention given to
Government
&other Investment Bonds
Correspondence solicited.
Simon Borg & C o.,
N o.
17
N ASSAU S T ., N E W Y O R K ,
DEALERS IN ALL KINDS OF
Railroad and Investment Securities.
So u t h e r n S e c u r it ie s a S p e c i a l t y .
Stew
ar t
B
STOCK
r o w n
’s
So
ns
,
BROKERS,
6 4 B r o a d w a y Sc 1 9 ]N ew ]8 t., N e w Y o r k ,
____________________ THE
■vili
______
CHRONICLE._______________
JÇatrtts, gauluet:s rmä ftvoUzvs ©ut of
BAN K S.
Irving A. Evans & C o.,
BUFFALO, N. Y.
BANKERS AND BROKERS,
N o. 5 3 S T A T E S T R E E T ,
BOSTON.
S. 8. J e w e t t , Pres.
W m . C. Co r n w e l l , Cash’r.
Capital....830 0,0 00 I Surplus.......8450,000
This Bank has superior facilities for making Col
lections in and out o f the city on the mdst liberal
telm *. end w ith careful attention to the best Inter
ests', of its correspondents.
COKREsi’OiipEtiTS!—Importers’ & Traders’ Na
tional Bankand Chemical National Bank, New Y o rk ;
Mefcmants’ Loan & Trust Co., Chicago; Union Bank
ofXondon, London.
t . S. A l e x a n d e r , Pres.
SOUTHERN.
M EM BER S OF BOSTON, N E W YO R K A N D
P H IL A D E L P H IA STOCK E X C H A N G ES.
Stocks an d B on d s B ou g h t and Sold
In a ll M arkets.
A . A . A l e x a n d e r , Cash’r.
Texas National Bank, Brewster, Cobb
SAN AN TONIO, T E X A S .
& Estabro®k,
COJiLECTipNS A N D
INV ESTM E NTS M AD E.
Correspondence invited.
W .T . B l a c k w e l l , P rest.
BANKERS,
No.
35
P. A . W i l b t , Cashier.
The Bank o f Durham,
D U R H A M , N. € .,
Fay Special Attention to Collections.
FIRST-CLASS FACILITIES.
New York Correspondents.—The National Park Bank
and Seventh Ward National Bank.
H . gardes,
e . P. H i l l ,
r . a . g ir a t o .
President. 1 Vlce-Pres’t.
Cashier.
xltv.
'Hark.
N E W ENGLAND.
Bank o f Buffalo,
[Tol.
CONGRESS S T R E E T ,
THOM AS
BANKERS
AND
B R A N C H & CO.,
COMMISSION
M ER C H A NTS
R IC H M O N D , V IR G IN IA .
~
U U 1 UV
J 1 V
U S o U C fi
t U U lUlfl
u
U Ux
O
virginia and Nortl* Carolina free of cost; one-eighth
PôF cent charged* fo r funding. Southern Railroad
and State and City Bonds bonghi and sold.
__________ B A L T I M O R E ,
Wilson, Colston & C o.,
B A N K E R S A N D BRO KERS,
(M em bers o f B altim ore Stock E x ch a n g e),
B A L T IM O R E .
(IN V ESTM EN T and SO U TH ER N SECURITIES a
specialty.)
Correspondence solicited and Information fur
nished.
N. Y . Correspondents—McKim Brothers & Co.
B O STO N .
MEMBERS OF THE NEW YORK AND
BOSTON STOCK EXCHANGES.
Robert Garrett & Sons,
BANKERS,
ALSO,
N o.
Dealers In M u n icip a l, State, R ailroad
and U nited States B on d s.
,J o s h u a W i l b o u b ,
C h a r l e s h . Sh e l d o n , J r
B e n j a m in A . J a c k s o n , W il l ia m B l n n k y , J r .
7 SOUTH
STREET,
B A L T IM O R E ,
TR A N SA C T A G E N E R A L DOMESTIC
FOREIGN B A N K IN G BUSINESS.
AND
Ciwninercial National Bank, Wilbo.ur, Jackson & C o.,
HOUSTON, T E X A S.
C a p i t a l , .................................... 84 00 ,0 00
Collections receive our special attention and are
promptly remitted for.
J . G. Fletcher, i ST A T E 3 A N K , >C. T. Walker,
President. \ Incorporated 1870. )
Cashier.
German National Bank,
L IT T L E R O CK , ARKAN SAS.
Capital (P aid in) . . . . .
8 2 0 0 ,0 0 0
Prompt attention given to all business in our line.
N. Y . Co r r e s p o n d e n t s . - I mporters’ & Traders’
Nayopablfoph and National Bank of the Republic.
H. E. B u r r u s s . Pres’t.
A . K . W a l k e r , Cashier.
first National Bank,
W IL M IN G T O N , N. C.
Collections made on all parts of the United States.
M A C H A N T S ’ NATIONAL
B A N K E R S A N D BROKERS,
No. 52
W EYBOSSET
STR EET,
P R O V ID E N C E , R . I.
Dealers in Commercial Paper. Government and
Other flrst-claas Bonds and Securities and Foreign
Exchange.
Private Telegraph Wire to New York and Boston.
W ESTERN.
Chas. H. Potter & C o.,
I n v e s tm e n t B a n k e r s , C le v e la n d , O h io .
SPECIALTIES : Town County and City Bonds: Lake
Superior Iron Mining Stocks, ’’Republic ’<i “ Cham
?
pio n ,’’ “ Cleveland’ ? a n d “ Jackson.’’ St r e e t R a i l
w a y s —Denver City Street Railway Co., of Denver,
Col.; Street Railway Co., o f Grand Rapids, Michel
Metropolitan Street Railway, of Toledo, Ohio,
BANK,
R IC H M O N D , V IR G IN IA .
ESTA B L ISH ED 1871.
Collections made on all Southern pointe on best
tertnAcprompt returns;
JOHN P. B RANC H , President.
J o k $ F .G l k n n , Ca«h. F r e d . R. Sco tt . Vlee-Prea’t
P, F. Keleher & C o.,
P E N N S Y L V A N IA .
317 O L I V E S T R E E T ,
S1 . LO UIS.
^
E. W . Clark & C o.,
B A N K E R S AN D BROKERS,
N o. 35 South T h ird St., P h ilad elp h ia.
Railroad, Municipal and other desirable Invest
ment Securities for sale.
Transact a general banking business. Allow Inter
est on deposits.
Members o f the Philadelphia and New York Stock
Exchanges, and connected by private wire with New
York.
Dealers in Western Securities and Local Bond*.
Stocks and prime Commercial Paper.
N. W . Harris &
C o.,
CRIÇAGO and BOSTON.
B nM nQ o f Counties, Cities, &c., o f high grade a
QUiMUO specialty. S e n d fo r D e s c r ip t iv e L i s t e .
SOUTHERN.
Narr & Gerlach,
B A N K E R S AND B R O K E R S ,
No. 437 CHESTNUT STREET,
P H IL A D E L P H IA .
Members o f the Philadelphia and New York Stock
Exchanges.
Cable Transfers, Bills o f Exchange and Letters of
Credit.
Rea Bros, & C o.,
ATLANTA.
Humphreys Castleman,
BROKER A N D D E A L E R IN A L L K IN D S OF
SECURITIES.
Bonds and Stocks bought or sold on commission;
Georgia and Alabama Securities specially dealt In.
i Correspondents: Tobey & Kirk and A Dutenhofer,
New York.
References: Atlanta National Bank, Atlanta, Ga.,
and Fourth National Bank, New York.
B A N K E R S A N D BROKERS,
A N D D E A LE R S IN FOREIGN EXCH A N G E,
C. W . Branch & C o.,
4 2 5 W o o d Street, P ittsburg, P a .
B AN K E R S A N D BROKERS,
St a t e B a n k b u i l d i n g ,
M EM BERS
New Fork and Philadelphia Stock Exchanges.
Pittsburg Petroleum, Stock and Metal Exchange.
Private wires to New York, Boston, Philadelphia,
Baltimore and Washington.
PITTSBURG,
PA.
ESTABLISHED 1871.
RICHM OND,
VA.
Private wires connecting with Washington. Balti
more! Philadelphia and New Yprk
New York correspondents; Prince A W hitely
A . L. Ha^tridge,
Whitney & Stephenson,
SAVAN NAH» G A .,
SECURITY BROKER.
B A N K E R S A N D BROKERS,
Buys and sells on commission all classes o f Stocks
and Bonds.
Negotiates loans on marketable securities.
New York Quotations furnished by private ticker
every fifteen minutes.
N o. 57 F O U R T H A V E N U E .
Oldest Pittsburg members N.Y, Stock Exchange.
N O T IC E O F S A L E .
Texas Central Railway
Company.
Notice Is hereby given that In pursuance o f a de
cree of foreclosure and sale made by the Circuit
Court o f the United States for the Northern District
of Texas, In the cause in which an original bill was
filed by Morgan’s i oulsiana & Texas Railroad k
Steamship Company against the Texas Central B allway Company, the Farmer.’ Loan & Trust Company
as Trustee, and the Metropolitan Trust Company
o f the City o f New York, as Trustee, and in which a
cross-bill was filed by the Farmers’ Loan k Trust
Company^ as Trustee, against the Texas Central
was made and duly entered in the office o f the clerk
Of saidjCourt, in the City o f Waco, on the 12th day
o f April, 1887, We,‘John G. W inter and Charles Dil
lingham, the Special Master Commissioners therein
ana thereby appointed fdr that purpose, will sell at
public auctiQ'h, at the front door o f the f ourt House
of McLennan County, In the City o f W aco, in said
County, in the State o f Texas, on the 29th day o f
June, 1887, at-12«’<lock noon, the following property
and premises described in said judgment, to witAll and singular the main line o f the Texas Cen
tral Railway Company’s railway, built and to be
built, beginning at the town o f Ross, in McLennan
County, Texas, extending through the Counties o f
McLennan, H ill, Bosque, Hamilton, Erath, Com
anche, Eastland, Callahan, Shackelford. Stephens
Throckmorton, Haskell, Knox,
Baylor, King*
Hardeman, Cottle, Motley, Childress, Hall, Collings
worth, Donley, Armstrong. Gray, Carson, Roberts,
Hutchinson, Moore, Hansford and Sherman, to a
oint on the nbrth boundary line o f the State o f
exas, between the 101st and 102d meridian o f west
longitude, a distance of about three hundred and
seventy-five m iles; and also all ar cl singular the
said Texas Central Railway Company’s branch line,
built or to be built, beginning at W hitney, in Hill
County, and thence through the Counties o f Hill,
Johnson, Kllis, Dallas, Kaufman, Rockwall, Van
Zandt, Hunt, Rains Wood, Hopkins, Franklin, Titus,
Red River and Bowie to a point on Red River, in
Bowie County, Fast o f the Eastern boundary line
o f the Indian Territory, a distance o f about two
hundred and thirty-five miles; and also all and singu
lar the said Texas Central Railway Company’s branch
line of railway, built or to be built, beginning at a
point In Hopkins County, on the said Company’s
branch line of railway from Whitney to Red Rjyer,
In Bowie County; thence through the Counties of
Hopkins, Delta and Lamar to a point on Red River
In Lamar County, near the m uth o f Boggy River, a
distance o f about sixty-five miles; together with all
side-tracks, turn-outs, rolling-stock, equipments and
materials; all rights o f way and tracks, depot and
shop grounds, tenements and hereditaments, rights
and franchises, including and meaning to include all
the property, real and personal, o f the said Railway
Company in the State o f Texas, used for and per
taining to the operation of the said railway.
Under the provisions o f said decree, the pur
chaser at said sale must pay to the Master Com
missioners twenty-five thousand dollars in cash,
and the remainder of the purchase price must be
paid upon confirmation o f the sale and delivery of
title, and upon such confirmation and delivery the
purchaser must pay in cash such sums as may be
ascertained by the Masters sufficient to pay oft and
Satisfy all charges, liabilities, costs’and expenses
Whatsoever arising out of the receivership in said
cause, and any such charges unsettled or unas
certained at the date of the confirmation of said
sale and delivery of title thereunder, not covered
by the cash paid by the purchaser, shall be a lien on
said railway in the hands of the purchaser thereof,
and the balance of the purchase price may be paid
In cash or in bonds or over-due coupons belonging
thereto secured by the mortgages, or either of them,
made to the said Farmers’ Loan & Trust Company.
Reference is here made to said decree for more par
ticular details relative to said sale and the payment
o f the purchase price.
Dated. Waco, Texas. April 2 6 ,18S7.
JOHN G. W IN T E R ,
)
Master
C H A RLES D IL L IN G H A M ,) Commissioners.
^
THE CHRONICLED
Ma y 28, 1887.]
¡ Ç m s i © t f m jn r o i j e s .
Q xn st
ix
S t m t v a t t jc je .
C o m p a n ie s .
States Trust Co. The United States Life
Union Trust Company United OF NEW YORK.
OF N EW Y O R K ,
N o. 49 W A L L STR EET,
Insurance Co.
78 Broadway, «or. Hector St., N. T.
«1,000,000
« 2 ,5 0 0 ,0 0 0
C A P IT A L . SI R PLU S, -
Authorized to act as Executor. Administrator
Guardian, Receiver, or Trustee, and is
A L E G A L D EP O SIT O R ? FOR M ONEY.
Accepts the transfer agency and registry of stocks,
and acts as Trustee of mortgages o f corporations.
Allows Interest on deposits, which may he made at
any time, and withdrawn on five days Pofc*® L
.®
Interest for the whole time they remain with the
0<For the" convenience o f depositors this company
also opens current accounts subject, In a°«ord»noe
with its rules, to check at sight, and allows interest
upon the resulting daily balances. Such checks pass
through the Clearing House.
TRUSTEES:
W m . Whitewrlght,
James M. McLean,
Henry A . Kent,
Ambrose C. Ktngsland,
R. T. Wilson.
James H . Ogllvie,
W m . F. Russell,
8. T. Fairchild.
C D Wood,
I. H . Frothingham,
James N. Platt,
George A . Jarvis,
D. C. Hays,
C. Vanderbilt,
James Forsyth,
A* A . Low.
Charles H . Leland,
G. G. Williams,
Edward King,
R- G- Remsen,
E . B. Wesley,
J. B. Johnston,
D. H . MoAlpin,
Edward Schell,
George B. Oarhart,
Amasa J. Parker,
Chauncey M. Depew,
Samuel F. Barger,
Robert Lenox Kennedy, Geo. C. Magoun.
EXE C U TIV E C O M M ITT EE:
W m . Whitewrlght,
O. G. W iliam s,
James McLean,
E . B. W esley,
G eo. C. Magoun,
C. D . Wood,
D. C. Hays.
A . C, Kingsland.
E D W A R D KING, President,
JAMES M. MCLEAN, First Vlce-Pres’t,
JAMES H .O O IL V IK , Second Vice-Prea't.
A . O RONALDSON, Secretary.
A . W . K EL LEY , Assistant Secretary.
Mercantile Trust & Deposit
COM PANY, OF
B A L T IM O R E .
n p lt a l,
■
,
»
u th o v lz e d C a p it a i,
X
„ «5 0 0 ,0 0 0
« 2, 000,000
Authorised to act as Executor, Administrator,
Guardian, Receiver, or Trustee, and is
A LE G AL DEPOSITORY FOR M ONET.
Accepts the transfer agency and registry o f stocks
and acts as Trustee of mortgages or corporations.
Takes charge of property, collects and remits In
terest and Income promptly, and discharges faith
fully the duties of every trust known to the law.
Money received on deposit. All Trust Assets kept
separate from those of the Company.
Burglar-proof Safes and Boxes (having chrome
steel doors) to rent at $10 to $100 per annum in their
new and elegant chrome steel FIR E A N D BURG*
LAR -PRO O F V A U L T S , protected by improved
Time Looks.
W ills kept in vaults without charge. Bonds and
tocks, Plate and all Valuables securely kept under
uarantee at moderate charges. Paintings, Statu
ary, Bronzes, etc., kept in fire-proof vaults.
JO H N G ILL,
W . W . SPENCE,
L . C. FISCHER
President.
Vice-Pres’t .
Treas. & See.
Dir e c t o r s :
¡Louis McLane,
W . W . Spence,
ChristlanDevrles ¡Robert Lehr,
C.Mort’n Stewart \V. A . Tucker,
Robert Garrett, Jas. Carey Coale,
Chas. D. Fisher, Oliver A . Parker,
Geo. P. Thomas, W . H.Whitrtdge,
O. H . Williams, J. A. Ham ble ton,
Andrew Reid,
Thos. Deford.
John E. Hnrst,
Stewart Brown,
W .H .B lack ford ,
E. A . Jenkins,
Bernard Cahn,
J. WUlcox Brown,
A le x . Frank,
John GUI.
The Union Trust C o.,
611 A N D 613 CHESTNUT STREET,
P H IL A D E L P H IA .
Authorized Capital..............................................$1,000,000
Paid-up Capital...................................................
600,000
Acts as Executor, Administrator, Assignee, ete.
and executes trusts of every description known to
the law.
All trust assets kept separate f ro m those o f the Com
pany.
fcBurglai^Proof Safes to rent at $5 to $50 per «nnirm
Wills kept In vaults without charge.
Bonds, Stocks and other valuables taken under
guarantee.
Repository for Western Mortgage loans, bearing 6
and 7 per cent interest. P rin cip al and interest guar
anteed.
Money received on deposit at Interest.
JA&LONG, Pres’t. JOHN G. R EADIN G, V-Pres’t.
M AHLON S. STOKES, Treasurer & Secretary.
D . R. PATTERSON, Trust Officer.
DIRECTORS.
James Long,
Alfred 8. GiUett, Joseph Wright,
CP.Turaer, M.D. Wm. 8. Price,
John T . Monroe,
W . J. Nead,
Thos. R. Patton, J. G. Reading,
W m . H. Lucas,
D.H.Agnew.M .D Jos. I. Keefe,
"O b ’t Patterson,!Theo. C. Engel, Jacob Nayler.
Thos. G. Hood, JEdw’dL.Perkins WlUiam Watson,
Samuel Riddle, G len R id d l e , Pa.; Dr. George w!
Roily, H a r r is b u r g , Pa. J. Simpson Africa, H u n t
in g d o n ; Henry 8. Eckert, R e a d i n g ; Edmund 8.
Doty, M if f l in t o w n ; W . W . H . Davis, D o y l e s tow a ; R . e . Monaghan, W e s t Ch e s t e r .
Metropolitan Trust C o.,
M il l s B u il d in g , 3 5 W a l l St ., N e w Y o r k .
c a p i t a l , - - « 1 ,0 0 0 ,0 0 0
%, log*! depository by orefer of
Supreme Court. Receive deposits o f money on
forecornorari^,afl8CaH or transier agent, or trustee
t?w a 1
XSratl0ns’ arid aooePt and execute any legal
.¡L'iS3 ironiP ersons or corporations, on as favorable
similar companies.
T H O M AS H IL L H O U S E , P residen t
CH AR LKS^iL'
Capital and S u r p lu s , • ■ ■ « 9 ,0 0 0 ,0 0 «
IN T U B C IT Y OF N E W Y O R K .
This com pan > Is a legal depository for moneys pak
into court; and is authorized to act as guardian 01
^ " in t e r e s t ALLOWED on DEPOSITS,
which may be made at any time, and withdrawn afte:
five days’ notice, and will be entitled to Interest foi
the whole time they may remain wltn the company
Executors, administrators, or trustees of estates
and females unaccustomed to the transaction of busi
ness, as welkas religious and benevolent institutions
will find this company a convenient depository foi
money.
J O H N A . S T E W A R T , President.
m. W IL L IA M H . M A C Y, Vice-President
*
JAMES S. CLAj|K, Second Vloe-Pres*
TRUSTEES:
Dan. H . Arnold, D. Willis James, Robt.B. Mlnturn,
Thos. Sloeomb, ;J chn J. Astor,
Geo. H . Warren,
Charles E. Bill, Joun A . Stewart, George Bliss,
Wilson G. Hunt, S.M.Buckl’gham, William Llbbey,
W m . H . Macy,
H , E. Lawrence, John C. Brown,
Clinton Gilbert, Isaac N. Phelps, Edward Cooper,
Daniel D. Lord, Erastus Corning, W .B ay’rdCutting
Samuel Sloan,
S. B. Chittenden, Chas. S. Smith,
James Low,
John H.Rhoades, Wm.Rockefelier,
W m . W . Phelps, IAnson P. Stokes, A lex. E . Orr.
H E N R Y L . TH O R N E LL, Secretary.
LO U IS G. H AM P TO N , Assistant Secretary
American Loan & Trust Co,
113 B R O A D W A Y , NEW Y O R K .
C apital, F u lly P aid............ .........«1 ,0 0 0 ,0 0 0
TH IS C OM PAN Y TR A N SAC TS A G E N E R A L
LO A N , TR U ST A N D F IN A N C IA L BUSINESS.
Receives Money on Deposit subject to check, and
allows Interest on balances.
A ll Checks pass through the Clearing-house.
M A K E S INVESTM ENTS OF M ONEY.
ACTS AS EXECUTOR, A D M IN ISTR AT O R ,
G U A R D IA N , TR U STEE, ETC.
ALSO , AS R EG ISTR AR A N D TR A N SFER AG ENT.
B W A n Authorized Depository for Court and
Connty Treasurers’ Fund.
R O W L A N D N. H A Z A R D , President.
GEORGE S. H A R T . Vice-President,
W IL L IA M D. SN O W , Secretary.
JA M ES 8. TH U RSTO N, Treasurer.
D IR E CT O R S:
George H. Potts,
John L. Ma c a u l a y ,
W allach C. A nd rew s ,
Ira davenport,
Ja m b s M. V a r n u m ,
W i l l i a m D. Sn o w ,
J o h n I. B l a i r ,
Jo h n d . K i m m e y ,
E d w a r d F. B r o w n i n g , F r e d e r ic A . P o t ts ,
R o w l a n d n . H a z a r d , J o h n R o ss,
G e o r g e 3. H a r t ,
A l e x a n d e r G. B l a c k
W m . B. D in s m o r e ,
F r a n k C. H o l l in s ,
E l i a s L e w i s ,,J r .,
T h o m a s L. W a t s o n ,
Ju les a l d ig b ,
E l i a s C. B e n e d ic t ,
St e v e n s o n B u r k e ,
W il l ia m p . A n d er so n .
(ORG AN IZED IN 1860.)
'< 1, 262 & 263 Broadway, New York
G. H . B URFORD, President,
C. P. F r a l h ig h , Seo’y. A . W h e e l w r ig h t , A ss’t see
W m . T. St a n d e n , Actuary.
A ll the profits belong to the Policy-holders exclu
sively.
AU Policies issued by this Company are indisput
ab le after three years.
AU Death Claims paid w i t h o u t d is c o u n t as soon
as satisfactory proofs have been received.
This Company Issues all forms o f insurance, In
eluding Tontine and Limited (Non-Forfeltlng) Ton
tine.
One month’s grace allowed In the payment o f
Premiums on Tontine Policies, and ten days’ grace
on all others, the Insurance remaining in fall force
during the grace.
*
Absolute seourtty, combined with the largest liber
allty, assures the popularity and success of this oom
pony.
GOOD AG ENTS, desiring to represent the Com
pany, re Invited to address J. S. G A F F N E Y , Super
lntecdent of Agencies, at Home Office.
THE
EQUITABLE LIFE
ASSUBANCB SOCIETY".'
$
• '’
OF PHILADELPHIA,
N o. 1 340 Chestnut Street.
.
.
A
Assets, January 1, 1887.. .*.. $75,510,472.76
Liabilities on 4 per ct. basis.. $59,154,597.00
Surplus on 4 per ct. basis.. , $16,355,^75.70
Real Estate Trust Co.
.
•
New Assurance in 1 8 8 6 .... $111,540,208.00
Outstanding Assurance.. . . $411,779,098.00
TH E
C A P ITA L,
^
In S urplus (namely the excess
o f accumulated funds over liabili
ties), in P remium I ncome, in the
amount o f A ssurance in F orce, the
Equitable Life Assurance Society ex*
ceeds every other life assurance com
pany, and may be regarded as the
largest and strongest organization of
its kind in the world,
.
.
«5 0 0 ,0 0 0
Receives deposits o f money payable by check and
allows interest thereon: also receives for safe
keeping securities and other valuables, and
rents safe deposit boxes in burglar-proof
vaults.
Receives Trusts of every description, acting as
executor, administrator, assignee, etc., and
executing surety for the faithful performance
o f any trust or office.
Acts as Agent or Attorney for the sale or manage
ment of real estate, and insures titles to real
estate and mortgages.
OFFICERS:
President—F R A N K K . H IP P L E .
Secretary—W IL L IA M R. F H IL L B R .
Treasurer—W IL L IA M F. NORTH .
Real Estate Officer—TH O M AS B. PROSSER.
DIRECTORS:
Frank K , Hippie,
George Philler,
Henry C. Gibson,'
Edward T, Steel,
Lemuel Coffin,
Charles W . Henry,
Beauveau Borle,
John F. Betz,
William M. Slngerly.1
Thomas Dolan,
John Wanamaker,
R. Dale Benson.
Solicitor—GEORGE J U NK IN.
T H E
Provident Life & Trust Co
OF
P H IL A D E L P H IA •
Incorporated Third Mo., 22d, 1866.
(C H A R T E R P E R P E T U A L ,)
C A P I T A L ................................«1 ,0 0 0 ,0 0
A SSE T S, $ 1 9 ,4 7 2 ,8 6 0 0 2 .
INSURES L IV E S . G R A N T S AN N U IT IE S, R E .
CHIVES M O NE Y ON DEPOSIT, returnable on de
oiand, or on which interest Is allowed, and Is empow
ered bylaw to act as EXECUTOR. AD M INJ8TR A
TOR, T R U STEE, G U A R D IA N , ASSIGNEE, COM
M ITTEE, R EC EIVER , AG E N T , etc., for the faith
ful performance o f whloh Its capital and surplus
fund furnish ample security.
A ll trust funds and Investments are kept separate
and apart from the assets o f the company.
The Income o f parties residing auroad carefully
collected and dnly remitted.
BAM’L R . S H IP L E Y , President.
T . W I8 T A R B R O W N , Vice-President.
A S A 8. W IN G . Vice-President and Actuary.
R u c tio n
¿ S a le s .
STOCKS and BONDS
The Brooklyn Trust C o.,
A t Auction.
Cor. of Montague and Clinton Sts. .Brooklyn, N .Y .
This company Is authorized by special charter to
act as receiver, trustee, guardian, executor or admin
istrator.
It can act as agent In the sale or management of
real estate, collect interest or dividends, receive re
gistry and transfer books, or make purchase and sale
of Government and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction o f business, will
find this Company a safe and convenient depository
for money, R IP L E Y ROPES, President.
EDM U ND W .C O R L IE 8, Vice-Pres’t.
TRU STEES:
Joslah O. Low,
E. F. Knowlton, H ’y K . Sheldon,
Alex. M . Whine, John T . Martin, C .D . W ood,
A . A. Low,
Fred. Cromwell, W m .H . Male,
Alex. McCue,
John P . Rolfe,
Ripley Ropes,
Mlcb’l Chauncey, E. W . Corlies.
Abram B . Bay 11s,
W m . B , Kendall. H . E . Pierrepont, H . W , Maxwell,
_
Ja m e s R oss Cu r r a n , Secretary.
F r e d e r ic k 6 . Colto n , A sst. 8eo’v
The Undersigned hold REGULAR AUCTION
BALES, of all classes of
STO CKS
AND
BONDS,
ON
W E D N E S D A Y S A N D S A T U R D A Y S.
A D R I A N H . M U L L E R & SON,
No. 1 PINE STREET, NEW YORK.
W . H. Goadby & C o.,
BANKERS AND BROKERS,
IN o.
2,4 B R O A D
STREET,!
New York*
THE CHRONICLE.
(S a n a t o t i a n d 'goxtAgu f a u l t s a u d f a n k e r s .
C A N A D IA N .
TH E
$ 1 3 ,0 0 0 ,0 0 0 Gold.
- $ 6 ,0 0 0 ,0 0 0 G old .
C. F. SMITHER8, President.
W. J. BUCHANAN, General Manager.
WALTER WATSON, ) A _A_ta
ALEZ’R LANS,
JA « ™ » '
Buy and Sell Sterling Exchange, Francs and Cable
Transfers; grant Commercial and Travelers’ Credits
available In any part o f the W orld ; Issue drafts on,
and make Collections In, Chicago and throughout the
Dominion o f Canada.
L o n d o n Office, No. 3 3 A b ch u rck Lane.
OFFICE OF THE
Railway Share Trust Co.
A T L A N T I C
(L IM IT E D ).
N o. 4
NEW YORK OFFICE:
59 A 61 W A L L S T R E E T ,
Nos.
BANK
BUILDINGS
LONDON, ENGLAND.
Mutual Insurance C o.,
Capital P aid U p, £ 9 7 1 ,3 6 0 Sterling,
NEW YORK, January 24,1887.
The Trustees, In conform ity to the Charter of
the Company, submit the follow ing Statement
of its affairs on the 31st December, 1886:
Premiums on Marine Risks from
1st Janaary, 1886, to 31st
Deoember, 1886.......................$3,809,250 53
Premiums on Policies not marked
off 1st January, 1886..........
1,426,049 46
This Company undertakes the business of Trustee
to Loans o f approved Railways, negotiates and
Issues Loans on the London Market, acts as Agent for
Railways and other Corporations, either In the mat
ter o f payments o f Interest on Loans, Dividends on
Imperial Bank o f Canada
C A P IT A L (paid n p), - SU RPLU S, - - - - - - H . 8. H O W L A N D , Pres’t.
HEAD
or Registration o f Stocks in London, or otherwise.
Total Marine Premiums.......$5,235,299 99
$ 1 ,5 0 0 ,0 0 0
$ 5 0 0 ,0 0 0
Cable Address—p a VT, L o n d o n .
D. R. W IL K IE , Cashier.
O F F IC E , TO RO N TO .
BRANCHES IN ONTARIO.
Essex Centre.
Niagara Falls. Toronto.
Fergus.
Port Colborne. Toronto, Yonge St.
G alt.
Blake, Boissevain & C o.,
LONDON,
St. Catharines. Welland.
St. Thomas.
Woodstock.
ngersoU.
%usnxmit&.
_____________ F O R E I G N .
Bank o f Montreal.
C A P IT A L , - - SU RPLU S, - - -
[Y o l .
BRANCHES IN NORTHWEST.
ENGLAND.
Premiums marked off from 1st
January, 1886, to 31st Deoem
ber, 1 8 8 6 ....^ ..........................$3,817,699 86
Losses paid during the same
period...................... ................. $2,206,588 68
Brandon.
Calgary.
M e r c h a n t s ’ Bank
OF
Negotiate Railway, State and City loans.
Execute orders for Bonds, Shares, etc.,
Returns of Premiums and Ex
penses........................................
BLAKE
Winnipeg.
L lo y d s B a r a e t t ^ & ^ o s -l A «ents In New York :
¿mqu5l’?B™nkSimltfd. I B a n k o f M o n t r e a l ,
Promptest attention paid to collections payable In
ny part o f Canada.
Approved Canadian business paper discounted at
the Head Office on reasonable terms, and proceeds
remitted by draft on New York.
A Dealers In American Cur’y and Sterling Exchange.
The Company has the follow ing Assets, viz.:
United States and State of New
York Stock, City, Bank and
Other Stooks................................ $9,382,375
Loans secured by Stooks and
707,100
otherwise............................
Real Estate and Claims due the
501,64731
Company, estimated at.................
Premium Notes and Bills Re
ceivable........................................... 1,568,13«20
Cash In Bank.......................
285,254 68
On Com
mission, and transact a general Banking and
Commission Business.
Special attention given to the execution of
orders for Securities on the New Fork, Lon
don and Amsterdam Exchanges, in corres
pondence with
BROTHERS
A
C O .,
18 W a ll Street, N ew Y o r k ,
38 State Street, B o sto n , M ass,
CANADA.
AND
Capital, • • * $5,799,200 Paid Up.
R e s e r v e , .......................... $1,500,000 A D O L P H B O I S S E V A I N A
IIFresldent, A N D R E W A L L A N , Esq,
Vice-President, ROBER T AN D ERSO N, Esq.
HEAD
O F F IC E , M O N T R E A L .
GEORGE H A G U E , General Manager.
W . N. AN D ERSO N, Branch Superintendent.
"RA NKTCRR
LON DO N , ENG.—The Clydesdale Bank (Limited.)
N E W Y O R K —The Bank o f New York, N. B. A .
The New York Agency buys and sells Sterling Ex
change, Cable Transfers, Issues credits available In
•11 parts o f the world; makes collections In Canada
ana elsewhere and issues drafts payable at any o f
the offlces o f the bank In Canada. Every descrip
tion of foreign banking business undertaken.
N ew Y o r k Agency, No. 61 W a ll Street.
HENRY H AGUE,
>
JOHN B . H A R R IS , JR., J A»®“ » -
AGENCY
B
a
OF
n
THE
k
or
B
CO.
_________A m sterdam , H o lla n d .
r it is h N o r t h A m e r ic a
NO. 53 W A L L S T R E E T .
,
Buy and sell Sterling Bxckange and Cable Trans
fers. Issue demand drafts on Scotland and Ireland,
Heinemann & C o.,
62 Gresham House, E. C.,
LONDON.
Solicit
accounts and agencies o f Banks, Railways
Corporations, Firms and Individuals upon
favorable term s; also orders for the pur
chase and sale of Bonds, Shares, Ac., Ac. on
the Stock Exchange.
Interest allowed on Deposits, subject to 60-days
sight drafts, at Bank o f England rate, and
one per cent below that rate subject to
demand drafts.
Negotiate Railway, State and City Loans.
Bank of Australasia,
F O R E IG N .
H ong Kong & Shanghai
(LIM ITED).
B A N K IN G
C O R P O R A T IO N .
Paid-up C a p ita l....,.............................................$7,500,000
4.500,000
Reserve Fund........................................
Reserve Liability of Proprietors.................. 7,500,000
The Corporation grant Drafts, Issue "Letters of
Credit for use of Travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore,
Saigon, Manila, Hong Kong, Foochow, Amoy.
Nlngpo, Shanghai, Hankow, Yokohama, Hiogo, San
Francisco and London.
LONDON, Head Office, 3 Angel Court.
SAN FRANCISCO Office, 422 California St.
N E W Y O R K Correspondents,
J. & W. 8ellgman & Co.
BOSTON Correspond’ts, Massachusetts N. Bk. A . M , TOWNSEND, Agent, 50 W a ll Street.
A u th orized Capital, - - - $ 6 ,0 0 0 ,0 0 0
P a id -u p Capital, - - - - 1 ,5 0 0 ,0 0 0
R eserve F u n d , - - - - - 4 0 0 ,0 0 0
Transact a general banking business. Issue Com
mercial credits and Bills o f Exchange, available In all
parts o f the world. Collections and orders for Bonds,
Stocks, etc.,!executed upon the most favorable terms
FR ED ’K F . L O W ,
) _______
IQ N A TZ S T E IN H A R T .jM “ 18*®” *
P , N. L IL E N T H A L , Cashier.
SIX PER CENT INTEREST on the outstand
ing certificates of profits w ill be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 1st o f February next
THE OUTSTANDING CERTIFICATES of
the Issue of 1882 w ill be redeemed and paid to
the holders thereof, or their legal representa
tives,on and after Tuesday, the 1st of February
next, from which date all interest thereon will
cease. The certificates to be produced at the
time of payment aud oanoeled.
A DIVIDEND OF FORTY PER CENT la
declared on the net earned premiums of the
Company, for the year ending 31st Deoember,
1886, for which certificates w ill be issued on
and after Tuesday, the 3d of May next.
By order of the Board,
X* H . c h a p m a n , Secretary*
4 Tnreadneedle St., L o n d o n , England
Paid-up Capital,
jEi ecO.WO
Reserve Fund, - - .....................£790,000
Letters o f Credit and Drafts issned on any of the
numerous branches o f the Bank throughout Aus
tralia and New Zealand.
Bills negotiated or sent for oollection.
Telegraphic transfers made.
Deposits received in London at Interest for fixed
periods, or for transfer to the colonies on terms
wfaioh may be ascertained on application.
_________________ P R ID E A U X SE LB Y. Secretary.
Anglo-Californian Bank
Amount........................................$12,444,51169
(Incorporated by Royal Charter, 1835.)
alab on Canada, British Columbia and San Francisco.
C I R C U L A R N O T E S issued In Pounds Sterling
available In all parts o f the world. C O M M E R
C I A L C R E D I T S I S S U E D for use In Europe,
China, Japan, Bast and W est Indies and the Brasils,
River Plate, Ac.
Bills collected and other hanking business trans
acted.
D. A . M cT A V IS H , ) .
H . ST IK E M AN ,
J
THE
$841,378 15
STEEL; PENS
x n u ICDALFARI3 EXPOSITION-1878.
^HTHE ROST PERFECT OF FENS
TRU STEES:
J. D. Jones,
W. H. H. Moore,
A. A. Raven,
James Low,
Wm. Sturgis,
Benjamin H. Field,
Josiah O. Low,
Edmund W. Corlles,
Robert B. Minturn,
William Degroot,
Horace Gray,
William E . Dodge,
w illiam H. Maoy,
O. A. Hand,
John D. Hewlett,
William H. Webb,
Charles P. Burdett,
Henry E. Hawley
Adolph Lemoyne,
William D. Morgan, M
Charles H. Marshall,
Frederick H. Cossitt,
William Bryoe,
John Elliott,
James G. De Forest,
Charles D. Leverloh,
John L. Riker,
N. Denton Smith,
George Bliss,
Isaac Bell,
Edward Floyd-Jones,
Anson W. Hard,
Thomas Maitland,
John Edgar Johnson,
Ira Bursley,
James A. Hewlett,
George H. Maoy.
JOHN D. JONES, President.
W. H. H. MOORE, Vice-President.
A. A. RAVEN, 2d Vice-Pres’t.
THE CHRONICLE
May 28, 1887.]
3 % X t e c jc lla t t g flt t g .
a
gufcltcaiiotts.
fin a n cia l (Companies,
L
Crenshaw & Wisner,
B o n d s o f S u r e t y s h ip .
NO OTHER BUSINESS,
1 0 & 18 Exchange Place, N ew Y o r k ,
it t e l l ’s
The Guarantee Co#
C O M M IS S IO N M E R C H A N T S ,
Members o f the Cotton, Coffee and Produoe Kxoh*».
AGENCY OF
THE HAXALL CRENSHAW CO.,
R IC H M O N D , V A .
Standard Brands of Flonr for Shipment to Warm
Climates always on hand.
ORIENT GUANO MANUFACT’G CO.,
o r ie n t , d . i.
Standard Superphosphates.
SULPHUR MINES COMPANY
OR V IR G IN IA .
BUrh Grade Pyrites free from Arsenic.
Brinckerhoff, Turner
6c Co.,
Manufacturers and Dealers In
C O T T O N SAILDU CK
And all kinds of
OOTTON C A N V A S, FELTING
DUCK, OAJ
COVERING, BAGGING, R A V E N S D UCK, SAIL
TW IN ES, AC., “ O NTARIO” SEAMLESS
BAGS, "A W N IN G STRIPES,
Also, Agents
UNITED STATES B U N TIN G CO.
A foil supply, all Widths and Colors, always lx stock
No. 109 D nane Street.
B A G G IN G .
W A R R E N , JONES A
C R A T7,
OF NORTH AMERICA.
NO. I l l B R O A D W A Y .
D. J . TOM PKINS. Secretary.
N sw Y o r k D ir ector s —Joseph W . Drexel, A . L.
Hopkins, H . Victor Newcomo, John Paton, Daniel
Torrance. Kdw. F. Winslow, Erastos W lman, F. P.
Olcott and J. E. Pulsford._____________ _______________
A
iv in g
A
ge*
A W EEKLY M A G A Z IIL
Cash Capital...............................................................^aarww
Assets and Resources . . . . . . . . . . . . . . . .............. gjJJJnX};
Deposit with Insurance D epartm ent............... 240,001
President:
Vice-President:
Si r a l i i . T . G a l t ,
H o n . Ja s . F e r r ie h .
Managing Director: E d w a r d R a w l i n g s .
N E W YO R K O FFIC E:
F ID E L IT Y
L
^ T N i 1 8 8 7 T H E L IV IN H
i J - A G E enters upon Its fw ty | ' fourth year, having met wltheem»
tlnuous commendation and m o
oes».
CASUALTY
CO.
Nos. 214 A 218 B R O A D W A Y , N E W YO R K .
Oash Capital, $250,000, Invested In U. 8. Gov’t Bonds
$200,000 deposited with the N. Y . Ins. D ep t, for
the protection of Policy-holders.
Assets, January 1st, 1887, $578,106.
Officials o f Banks, Railroads and Express Comps
ales. Managers,Secretaries,and Clerks of Public Com
panics, Institutions and Commercial firms, can obtain
BONDS OF S U R E T Y S H IP
from this Company at moderate charges.
The bonds o f this Company are aooepted by the
oourts o f the various States
it gives fifty-tw o numbers <tf
sixty-four pages each, or umbo
than
_
_____
T H R E E A N D A Q U A R T ER
TH O USAN D
double-column octavo pages d f
reading matter yearly. It pre
sents In an Inexpensive form.
—Jeonsidering its great amount o f
matter, with freshness, owing to Its weekly issue*,
and with a completeness nowhere else attempted.
The best Essays, Reviews, Criticisms, Serial arid
Short Stories, Sketches o f Travel and Dis
covery, Poetry, Scientific, Biographical,
Historical and Political Information,
from the entire body o f Foreign
Periodical Literature.
It is therefore Invaluable to every American rea*.
er, as the only satisfactorily fresh and COMPIjH " ■
compilation o f an Indispensable ourrent literature—
indispensable because it embraces the productions
o f the
ABLEST LIVING WRI1EHS
in all branohes of Literature, Science, Politic« add
Aw
t
13g r TO N E W SUBSCRIBERS for the year 1 8 8 7
remitting before Jan. 1, the numbers of 1888 laaedd
after the receipt of their subscriptions, will be sea®
gratis.
CASUALTY D E P A R T M E N T .
Policies Issued against accidents causing death 01
totally disabling injuries.
.
.
.
Full Information as to details, rates, « 0., can be
obtained at head office, or of Company’s Agents.
W m . M. R i c h a r d s ,P rest. G e o . F. Se w a r d , V - P rest.
J o h n M.C r a n e , Sec.
R o b t . J.HiLLA8,Asst.Seo.
DIRECTORS:
Geo. S. Coe,
A B. Hull.
A lex. Vltohell,
J S. T. Stranahan, H . A . Hurlbut, A . S. Barnes,
Alex. E. Orr,
J. D. Vermilye, J.G.McCullough,
G. G. Williams,
John L. Klker, Thos. S. Moore,
Geo. F. Seward,
W m . M. Richards.
C lu b
P r ic e s f o r th e b e s t H o m e r a d
F o r e ig n L i t e r a t u r e .
[“ Possessed of T h e L i v i n g A g e and one orothar
o f our vivacious American monthlies, a subscriber
will find himself in command of the whole situation?1
'
—Philadelphia Evening Bulletin.]
L IT T E L L
& CO.,
B o a t««,
gatxh faults.
ST. LOUIS, M o.
M a n u fa c t u r e r s o f
P u re
J u te B a g g in g .
IM P O R T E R S O P
IR O N
COTTON
T IE S .
H ER RIN G &
CO.
COLORADO CENTRAL
Consolidated Mining Co*
48 E X C H A N G E P L A C E ,
Bliss, F a b y a n 6c C o .,
p a c i,
L ic h t e n s t e in ,
H . R. b a l t z e r .
President,
V Ice-Preside«
R. V . M Ar t in s e n ,
W . B. M a n t i u s ,
Treasurer.
.Secretagli
G. W . H a l l , Sup’t.
New York, Boston, Philadelphia,
BELLING AGENTS FOR LE AD IN G BRANDS
B R O W N & B L E A C H E R SH IR TIN G S
AND SH EE TIN G S,
PRINTS, DENIMS, TICKS, DUCKS, AC.
T o w e i e , Q uilts, W h ite Goods A Hosiery
c
Drillt, Sheetings, <tc, for Export Trade,
<
üotton.
Bullard 6c Wheeler,
Eugene R . Cole,
COTTON COMMISSION MEBCHAMB
STA TIO N E R AND P R IN T E R .
Supplies Banks, Bankers, Stock Brokers and Corpo
rations with complete outfits of Account Books an<
Stationery
B T New ooncems organising will have their orden
promptly executed.
N o. 1 W IL L IA M
N E W YO R K .
ALSO
B A G G IN G
BANK VAULTS AND SAFES.
STREET,
(H AN OV ER SQUARE.)
The Largest Safe Works in the W orld.
jf t je a r o s M p s .
T H E OLDEST IN A M E R IC A .
Nos. 251 and 252 Broadway, New York.
COTTON BROKERS,
125 P earl Street, New Y o rk ,
Orders for Spot Cotton and Futures prom
ytfw
GENERAL TRANSATLANTIC CO.
LOUIS D E B E B IA N , Agent,
No* 3 B o w lin g Green,
F. Hoffmann,
COTTON BROKER AND AGENT,
38 R U E D E L A B O U R S E , H A V R E .
Between N E W Y O R K and H A V R E
Generale Transatlantique deliver«
Havre to°PKrt*N e 5 o Y o r k Bp? ° l ^
w«keU from
baggage checked through to Pari«
without examination a t Havre* provided DaaaenffAn
fesT« ^ e »hme delivered at the C t o m p ^ y ^ d ^ S
“ • » Y o r k , Pier 4 North River, foot o fM o rto h St
at least two hour before the departure of a steamer
IR O N T IB S ,
Dennis Perkins 6c Co.#
Direct Line to France. SECURE BANK VAULTS.
Special T rain from H av re to P a rlr.
AN D
(FOR B A LIN G COTTON).
Advances made on Cotton Consignments and Saaela
Attention given to purchase ana sale of F C f O H
CONTRACTS OF COTTON.
executed
O N L Y
From Pier (new) 42, North River, foot o f Morton d*.
Vf
F r a n g e u l.. Sat., M ay 28.9 A . M.
T * v ^ S » P y ^ r w ',? anlel11............. Sat.. Ju n e i . 4 P.M .
I*A NO R M A N D IE , d e K ersabiec.Sat., Ju n e 11,9 A .M .
tine line avoid both transit by angusi.
fn aim alfboau 41800,1110118 01 crossing the Chann 1
P a s s a o * ( including wine):—To H avref ^ 81,4
• second cabin, $00: steer.
t ^ I ^ « ? 4111* ^ 1 1 ’ bedding and utensils. B e1?
reduced rates. Checks onBanqi e
Transatlantique, Havre and Paris.tu amount to sul1.
H enry H. W »
J o h n ,l . B u l l a r d .
ESTABLISH ED 186?.
WELDED CHROME STEEL AND IRON
Robert Tannatali 6c Co.e
In Round and Flat Bars, and 6 ply Plates and Angle
FOB SAFES, VAULTS, &o.
Cotton Commission Merchants,
Cannot be Sawed, Cut or Drilled, and praotioally
Burglar-Proof.
Cotton E xch an ge B u ild in g , N ew Y«*tc,
CHROME
Circulars Free.
JO H N
H.
STEEL
W ORKS,
B R O O K L Y N , N. Y .
C L IS B Y
&
C O ,t
COTTON BUYERS,
M ONTGOM ERY, A L A .
PURCHASE ONLY ON ORDERS FOB A COMMISSION
Special attention given to the purchase and sale dr
F U T U R E CONTRACTS
in New York and Liverpool.
W
a l t e r
COTTON
6c
F
a t m a ì
^
BROKERS,
63 B E A V E R S T R E E T , N E W Y O R K .
THE CHRONICLE.
xn
pdisjcjellatitone.
C o tto n .
(C o tto n .
Walter T. Hatch.
Nath’l W. T. Hatch.
Woodward & Stillman;
P ost Building, 16 A 18 Exchange Place
IN M A N , S W A N N & Co
BANKERS,
14 NASSAU STREET, NEW YORK,
YORK.
LO ANS M A D E ON A C C EP TAB LE SECURITIES.
COTTON MERCHANTS,
Sp e c i a l a t t e n t i o n t o Or d e r s t o r Co n t r a c t s
tor
Henry P. Hatch,
Arthur M. Hatch
W . T . Hatch & Sons,
MERCHANTS,
NEW
IMay 28. 1887,
F u t u r e D e l i v e r y o t Co t t o n .
COTTON, A L L G R A D E S, SU IT A B L E TO W A N T S
New Y ork.
BRANCH Offices { |
Personal attention given at the EXCHANGES to
the purchase and sale o f STOCKS and BONDS for
cash or on margin.
DEPOSITS RECEIVED —subject to eheok at sight
—with Interest upon balances.
Special attention paid to INV ESTM E NTS and
accounts o f COUNTRY B A N K E R S.
OF SPINNERS.
Bethlehem Iron Comp’y
O t t e r e d o n T e r m s to Su i t .
Williams, Black & C o., Hubbard, Price & C o.,
BANKERS AND COMMISSION MERCHANTS,
1 W IL L IA M
STR EBT,
NEW YORK.
COTTON,
C o tto n E x c h a n g e , N e w Y o r k ,I
AND
Price, Reid & C o.,
NORFOLK, VA.
G R A IN ,
Cotton Brokers & Commisnion Merchants
P R O V IS IO N S , C O F F E E ,
Liberal advances made on Cotton consignments.
Spécial attention given to the sale o f cotton to ar
rive or in transit for both foreign and domestic mar
kets. Orders for Future Contracts executed in New
Y ork and Liverpool.
STOCKS, P E TR O L E U M ,
ORDERS EXECUTED IN
NEW YORK, CHICAGO, NEW OR
LEANS, ST. LOUIS, LIVERPOOL,
HAVRE, Ac.
L e h m a n , D u r r A Co.,
Montgomery, Ala.
A i r m a n , St e r n a Co .,
New Orleans,.Lft.
L E H M A N BROS.,
C
F
o t t o n
a c t o r s
AND
COMMISSION M E R C H A N T S ,!
No. 40 E X C H A N G E PLACE,
MEMBERS OF THE COTTON, COFFEE AND
PRODUCE EXCHANGES.
U p -t o w n o t tio e . N o. 204 Ch u r c h St r e b t ,
N ew Y o r k .
Orders executed at the Cotton Exchanges In New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our corres
pondents in Liverpool: Messrs. L . Rosenheim A
Bons and A . Stern A Co.; in London, Messrs. B.
Newgass A Co.
Gwathmey & Bloss,
COMMISSION
MERCHANTS,
No. 128 PEARL ST., NEW YORK.
Orders for future delivery o f Cotton executed i
COMMISSION
MERCHANTS,
8 South W illia m St., N ew Y o r k .
E X E C U TE ORDERS FOR F U T U R E D E L IV E R Y
C O T T O N
at the N E W YO R K , LIV ER PO O L A N D N E W OR
L E A N S COTTON EX CH A N G ES. Also orders for
C O F F E E
at the N E W YO R K COFFEE E X C H A N G E , and
G R A IN
AND
P R O V IS IO N S
at the N E W Y O R K PRODUCE E X C H A N G E and
the CHICAGO B OARD OF T R A D E .
Co r r e s p o n d e n t s :
Messrs. Smith, Edwards & Co., Cotton Brokers,
Liverpool.
------- w
>l.
Jas.Liea McLean, New Orleans.
G.
Schroeder &
Co.,
Successors to W A R E A SCHROEDER,
CO M M ISSIO N
MERCHANTS,
Cotton Exchange Building,
NEW
YORK.
Orders for future delivery o f Cotton executed in
and Liverpool ; also for Grain and Pro
visions in New York and Chicago.
New York
B. F. B A B C O C K & CO.
COMMISSION MERCHANTS,
IT
W a te r
Street,
L IV E R P O O L ,
Receive consignments of Cotton and other Produce,
and execute orders at the Exchanges in Liverpool.
Represented in New York at the office o f
SAM ’L D. BABCOCK,
82 Nassau Street, New York.
Delaware Mutual
Safety Insurance Co.
OF P H IL A D E P H IA .
F I R E AN D M A R IN E .
C A P IT A L STOCK........................................
Outstanding Scrip.........................................
Reserve to reinsure Outstanding Risks
and all other Liabilities...........................
Surplus over Capital and Scrip..........
8860,000 00
716,960 00
262,643 30
379,606 09
T O T A L ASSETS.................................... $1,719,209 2
V
N ew Y o r k Office, 75 B eaver Street,
J . R A Y M O N D S M IT H , Agent.
Mohr, Hanemann& Co., & Mercantile Ins. Co,
OF
COTTON E X C H A N G E
B U IL D IN G ,
LO N D O N A N D E D IN B U R C H,
U. S. Branch Statement Jan. 1, 1887.
New Y ork/
S p e c i a l A t t e n t i o n G i v e n t o t h e E x e c u t io n
CONTRACTS.
Geo. H. McFadden& Bro.
C O TT .O N
MERCHANTS,
P H IL A D E L P H IA .
L iv e r p o o l Co r r e s p o n d e n t s ,
F R E D E R IC Z E R E G A
A CO.
Edward H . Coates & C o .,
Cotton Commission Merchants,
NO. 116 CHESTNUT STREET,
P H IL A D E L P H IA .
NO. 49 MAIN STREET,
N O RFO LK , VA.
S P IN N E R S
O R D E R S S O L IC IT E D .
Rountree & C o.,
COMMISSION M ER C H A N T S,
C O T T O N E X C H A N G E , N E W Y O R K , and
NORFOLK, VA.
C O T T O N , G R A IN . P R O V IS IO N S ,
S t o c k s a n d P e t r o le u m .
Orders executed in New York, Chicago and Liv
erpool. A ll grades o f cotton suitable to spinners’
wants offered on favorable terms.
J. C. Graham & C o.,
9aSouth W illia m St. A 51 Stone S t.,
NEW YO R K .
COTTON.
Invested and Cash Fire Assets..................$3,378,754 40
L IA B IL IT IE S :
Reserve for Unearned Prem ium s.. . .
$1,217,584 80
Reserve for Unpaid Losses..................
148,062 9
6
N et S u r p lu s .......................................... 2 , 0 1 3 , 1 0 6 58
$3,378,754 40
Losses paid in U . 8. in 20 years . . 8 1 7 , 1 0 4 , 0 8 9 77
U. S. Branch Office, 54 William St., N. Y.
C H A fl. E . W H I T E , S A M . P . B L A G D E N ,
M anagers.
J A S . F. D U D L E Y , D e p u ty M anager.
Phenix Insurance Co.
OF
BROOKLYN,
Office, 195 Broadway, New York City.
Statement o f Company let Day o f Jan., 1887.
CASH C A P I T A L ..............................................$1,000,0000
0
Reserve for unearned premiums............ 8,466,886 9
7
Reserve for unpaid losses..............................
359,197w
Net surplus... ..............................................
567,086 ft
Cash assets................................................... $5,383,17166
ST E P H E N C R O W E L L , President.
W M . R. CRO W ELL, Vice-President.
P H IL A N D E R S H A W , Secretary.
GEO. H . FIS K S , Assistant Secretary.
FRANCIS P. BU R K E, Sec’y Local Dept.
¿E T N A
Insurance Company
OF
HARTFORD.
Capital.......................................
Liabilities for unpaid losses
and re-insurance fu n d .......
Net Surplus.. . . . . . . . . . . . . . . . . . .
$4,000,000 00
2 , 118,618 19
3,450,221 37
Assets J a n . 1, 1 8 8 7 .... $9 ,56 8 ,8 3 9 £9
N o. 68 W a ll
S tr e e t, N e w York.
J A S . A . A L E X A N D E R , Agent. _
BUYERS FOR AMERICAN MILLS.
FELLOWES, JOHNSON & TILESTON
.COTTON BROKERS,
COTTON, STOCKS, BONDS, A c .,
134 P E A R L S T R E E T , N E W Y O R K ,V
25 W IL L IA M STRE ET. N E W YO R K .
Orders in “ Futures” executed at N .Y . Cotton Exch.
(INCORPORATED 1886.)
N orth British
visions in New York and Chicago.
Selm a, M ontgom ery an d N ew Y o rk .
Geo. Copeland & Co.,
N ew Y ork ,
New York and Liverpool; also for GraL and Pro
OF O R D E R S FOR F U T U R E
Henry Hentz & C o.,
40 and 42 WaU Street,
M a n h a tta n B u ild in g ,
COMMERCIAL UNION
A ssurance Co^limited,
OF LONDON.
Office, Cor. Pm e < William Sts., New York.
6
@FedFRASER