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HUNT'S MERCHANTS' MAGAZINE,
BKPRESBNTING THE INDUSTRIAL AND COMMKRCIALi INTERESTS OF THE UNITED STATES
lEotereil acsordlDg to
VOL.
Act of CoDgrew,
Daka A Co.,
Id the office of the
SATURDAY, MAY
30. 1891.
In the }-ear 1801,
62.
hy Wm.
B.
Terms of Sabscriptlon— Payable in Advance:
For One Year (Including postage)
$10 20
For Six Months
do.
6 10
European Subsoription (incliuUn^ postajce)
11 50
,
European Subscription Six Mnntha (inohuling postage).
6 75
Anuuul
In London (including postage)....* £2 89.
"" Subscriptiuu
^~
"
"'" Mos.
""
Six
do.
do.
oo.
£19s.
;
;
;
;
;
London Aeenta
Drapers' Gardens, E. C, will take suhcrlptions and advertisements and supply single copies of the paper at
1
each.
New Tork
tOotton
bushelt.)
I>W*'
i^
10* William Street, NKW
j,^^^ Office box 933
YOKK.
722.504,488
(1.7ra,5i7)
(2.«6«,>f71)
(-86-0)
(2U.400'
I6U2.3D0I
(l.MS.lifl)
. (266.100/
Clearings.
by TeUgrapK
Hew York
1891.
$*8,<,'.J35,089
Boeton
nuiadelphla
Baltimore
Ohloago
Bt. Lotus
New
Wetk £nd<n« May
.„
Orleans
70,031,211
49,72»,801
1U.&93,713
71,747.000
16.106,834
6,817,330
4
487
-l-o-i
+3;r.
—2r>
-13-8
Seven cities, 5 dayi.
Othar cities, 6 days
$70(i.6S8,053
12(i,432,9ie
»7n,72l),7i(9
-0-4
103,276,081
1-16-H
Total all cities, B days..
AllelUea, Iday
(835,088,989
16,724,910
(820,004,620
253,361,129
-93-8
»880.818,879
$1,073,335,949
-207
Total all oltles for week.,
The
full details of clearings
for the
-1-16
week covered by
above statement will be given next Saturday.
We
the
cannot, of
them to-day, bank clearings being made up by
the various clearing bouses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
in all cases estimated, as we go to press Friday night. Below
are our usual detailed figures for the previous week, tliat is
covering the returns for tho period ending with Saturday
course, furnish
noon May
with tho comparative totals in 1890,
Notwithstinding an increase in the volume of transactions
on the Stock Exchange during the week, the clearings at New
York exhibit a decline from the previous week of nearly sixty83,
117,5 TO.S'iJ
4,»3-,»)0
—819
9«.382.5ra
5.457,500
8,034,932
1,445.913
1.160.366
1.180,047
1,08:,6S«
862.134
—
»•»
-^0 2
l,e,.*.'il4
1,823,897
Sprlniitleld
l.iai,814
l.CT-'.sea
Worcester
1,41 I. etb
Portland
Lowell
1,128.909
1.165,863
1.082,334
tVi.VM
+7U
—74
«<8,443
350,194
-h79»
430,(tni
104,353,988
150,086,151
—19^
108,068,029
New
BnRlKiid..
-6u
— Ill
^.811
miadelphla
«6, 124,096
14,0«ll.0lll
76,067.087
I5.79e.304
-131
Ptttsbunc
BulMmure
13.152,771
U.73<I,4I')
-106
7.77l!,»3l
l.«78.40»>
6.r45,ai3
1,773.703
1.3ja9yti
-t-lv7
1.SI3.577
8<1,008
U1S,US2
WilmlnEton, Del.,
ToUl Middle..
-i)
+135
-17-8
+18-6
2.1 ',4,435
-rl9-0
-64
i,49a,:66
792.619
-8-1
106,057,761
103,649,564
-12-S
a<l.&05,020
l2,Si-<,H90
83.082 613
11.913,360
-e6u
5.462,960
5.9ln,M&
-B-0|
9.fc02,l28
5,Wtt,>Bo
4,546.026
9,768.100
:i I84,«43
1,180.349
6.0II9.IW7
7«7,l!64
695,238
122,261,224
>M
,
15,31!)
2.065.'6i
1.190,571
Late City.
1UOO,2VV
-fll2
92.0«t.l79
13.290.400
5,940,653
6,561,186
2
4.940..<)06
-I-4-2'
-9
8.498, lOu
+10 8
1,84V,«24
+16-4
l,44;t,B33
+u-a
+17
2.514.761
I,n6a,8l3
778,94?
117.726,830
+8 9
180,901,876)
14.247.878
l,6in.4s2
1,374,060
1.063.815
+7-5
18330.0^
+217
-60
...,
596.300
917,9116
605,1.49
Total Paciac,
2I,055,<WS
19,916,S9i
+5-7
Kansas City.
7,«33.14il
.Ulnne&poUa.,
6,030.»i9
4,437,100
4,40H.70i
10.876,478
5,815,3l»
Tacuma.
8V7.I(|B
Paul
Omaha
4,122,»(>11
2,037,314
4.957.U03
4,811,630
8,45«,667
Joseph...,
MlUtOS
1,8601,974
Slonx City...,
Dea .Moines..
Wichita
Lincoln
97K,««9
43X,«3«
5!M,837
5W.807
Topaka,
IIN.TIIS
8«1,(«1
34.023,865
87,tis.«ae
80.16 1,»<47
7,731.937
20,e4»,033
Denrer
,
Total Other Waitem..
St.
Loala
New
Orleans....
LoatsTllle
Memphis.........
Rtehmond
,
Dallas
Flirt
Worth
Norfolk
lloaatOQ*
Total
all
eight millions of dollars. Furthermore, tlio exchanges due to
n talda W«w Tofk.
operations other than in share properties have been only
•Mot Ineluded In
1, (96.42
917.524
73r,9 >4
753.632
648.7»a
-9-8
~ia5.llT.705l
1
-0-9|
+0 6
8S,«M,908
21.495.420
».18a.t«St
+138
-17
-•1
-•7
-»•
+»1
-•S
+s»-«
t^504.0u7
MI4.2M3
81
-13-8
68H.8M8
-h8-4
•t.104'9
+*©
-28 8
-19-8
-a4-s
1,087.6<M
87»,SVi
+87
1,396,936
47,136,086
1,069.906.976 IjSOJJWKM''
totiOi.
—lS-6
+102-6
+83-7
47,8e5,6e9
Total Bontbam...,
483-0
-80-S
9<l,7Sll
471,000
Ijexlnitton
-IS*
+ie<
-W66
l.««0,«l
^^
.
—86
689#0
7,6a».4at)
-8-0
-e-o
+fr0S
—17-1
8^,089
9MI.0I>5
ChattanoOffA....
Birminifharo...
6M).9N
24J73,2S4
+77
+7 6
-58
-I2-8
a,«l5,S40
758,709
636.99^
NantaTtile
96f;570
974,781
-111
7.S6V.669
l,7<2Jlv8
8,193,6«3
,
OalTeaton
189,818
747.0B4
+«*
1.7iW,807
l,SI«k068
—13-«
-6-8
-1-2
Uuluth
+88
1
Seattle
8t.
-6-1
-10
San Frandsoo..
Portland
at.
-14»
-iro
12.961.423
7.670,811
117.916,390
Grand Uaplds.
AoKeles
1.*.469.48o
847.864
Clereland
liOfl
.
u
Cincinnati
Milwaukee....
Detroit
>lalt
66,300,158
—10-9
-1-18
Chlcaao
Total Middle Weftarn
WWt.Hiri
-M*
776,080
Syrac.a»«
Peoria
—4-3
.316,000)
91,826,162
P.OMt.
(S4,in.-<,575|
l.;i4«.76l
Indianapolis...
-3
1-8T6)
l.SUU.llS
Rrioheater
PtrUent.
1890.
{504,823,964
75.007,723
45,782,467
10.5=2,551
62,962,000
16,524,118
6,096,916
('41-0)
(5,tle,U00)
4.5SH.MO
Rnffiilo
30.
(48.1i05.')0O.
iLirlford
Colambas
JUtwmt
1)
New UaveD
Washington
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of tlie
United States for the week ending to-day, May 30, have
been $850,813,879, against $1,089,906,973 last week and
$1,073,355,949 the corresponding week last year.
(-64
(391,000/
(64.72l5,-i;5
Huston
l^orideDCe
Total
CLEARING HOUSE RETURNS.
1191.
-21-5
bales.)
(Oraln
(P«tn>i<um
P. Cent.
833.927,496
(harej.
iBtoclil
1880.
654,789,273
New Bedford
Tniii o.
fi
i-inviV
/OH-t
FLOYD.
Wuk Bnd'o May 18w
With Bndin) May 28.
1891.
the inch.
;
;
AdTertlsInsr.
Advertisements ordered for less than one month, In the Commercial
A Financial Chronicle, are j[iublished at 25 cents per line each insertion. When orders are definitely given for one month or lonj;er, a lilieral discount is allowed, and the tutprUea maybe obtained on ajiplieaUon at the otiice. The lowest rates on permanent cards definitely ordered for one year are 8 cents per line each Insertion, making $58 for
one Inch space one year. Space Is measured In agate type— 14 lines to
Is.
;
21-9,
A
Edwards & Smith,
1,353.
43-2
Kansas City, 279 Chattanooga, 27-4 Boston,
and New York, 21-5 per cent. There are, however, some
i mportant trains, notably at Galveston, 102-6 per cent
NewBedford, 79-5 Sioux City, 86-6
Des Moines, 30-7 Norfolk
'
27-3 Portland, Ore., 247, and Nashville, 23-7 per cent.
ham,
TlipKe prices Include the Investors' Suppi-emest, of 150 paees.
Issued once In two months, aud furnished without extra charge to
•ubsiribers of the Chkomci.e.
Hie cover Is furnished at 50 cents; postage on the same Is 18
oents. Tolumes bound for subscribers at $1 00.
Messrs.
NO.
0.]
$401,154,000, against $489,.')39,488 in the week ending May 16
Outside of New York the decrease from last week is a IHtle
over twenty -two millions of dollars.
Contrasted with the similar week of 1890, the aggregate
records a loss of 16-4 per cent. In percentage of decrease
Wichita leads with 53-5 per cent, and is followed by Birming-
%\xc (Klxr0uiclc.
Terms of
Ubrarlan of CoosraH, Washiagton, D.
47».»4^l
+0-4
1
B8,18i.0«l
— 1-e
-17
—=«8
THE CmtONICLK.
810
[Vol.
UI.
months on good Stock Exchange collateral re-payable in
gold, and 5i to 6 per cent on equally good security re-payEecent fail- able in currency. Of commercial paper there has been a
Philadelphia very large amount paid off during the last six weeks and
FINANCIAL SITUATION.
TH±.
The market
for
money continues
easy.
ures in Boston and the financial troubles in
have been chiefly felt in the commercial paper branch of
the market, making buyers from the East very conserva-
now
the banks of this city are preparing to re-invest; but
they
demand
first-class names, and
except on very
they want 6 per cent. Rates are nomithe feeling in this city regarding paper is growing bet- nally 5i per cent for sixty to ninety day endorsed bills
ter, and some apprehensions which existed a little while receivable, 5| to 6 per cent for four months commisago that merchants might have difficulty in borrowing sion house names, and 6 to 7 per cent for good single
when they most needed accommodation have been al- names having from four to six months to run.
tive
and cautious in their purchases.
This change of view
layed.
is
At
choice
the same time
due in part
to
notes
The
growing
feature of the European markets
is
easier dis-
At London the cable reports 3f per cent for sixty
confidence in the future of business, in part to the
to
ninety
day bank bills at Paris the open market rate is
continued
large
Bmaller gold exports, in part to the
at
Berlin
it is 2f and at Frankfort 3| per cent.
2|
and
from
the
West
currency
this
centre
to
flow of
South, and in part also to the better prospect there is There appears to be a good supply of unemployed
thought to be of currency disbursements by the Gov- money at all these centres, and in the opinion of leadcounts.
;
;
ing foreign bankers this will continue as the natural
months. The Treasury Departon Monday issue notice to
holders of the 4^ per cent bonds that it will redeem
"the bonds at maturity September 1, giving the option of
extending them at 3 per cent to all those who wish to
avail themselves of it.
As about 23 millions of the 51
millions now outstanding are owned by the banks and
4ire on deposit as security for circulation, it is probable
that the most, if not all, of those will be extended ;
but the others, we should presume, will be presented for payment.
As Secretary Foster expresses
confidence that he will have sufiicient surplus funds to
pay the whole 51 millions at date of maturity, the
statement is taken as an assurance that disbursements
may be expected in the fall months to that amount at
ernment in the
ment
will,
it
fall
is
least in excess of receipts.
ought
to get
some
Besides, with good crops
of the gold
back we have
and the knowledge of the
result of unsettled confidence
stated,
that financial
fact
in
an
especially
affairs,
unsatisfactory
state.
ment
at
easily,
involving only slight failures.
nounced
London
is
at
Paris,
The bi-weekly
reported
to
have
It
are
settle-
passed
off
has been an-
week by the Finance Minister of AustroHungarian Diet that the adoption of
a gold currency by Austro-Hungary is no longer doubtthis
Hungary
ful; the
in the
plan
will, it is
bullion, but it is
expected, require $200,000,000
remarked
in the cable dispatch that
the plan will be carried out gradually.
The Bank
of
England gained £2,297,700 bullion during the week.
This, as we are advised by special cable to us, was due
to the receipt of £2,161,700 from abroad ("bought
and from Portugal) and of £166,000 from the interior
of Great Britain, and the export of £30,000 to the
Argentine Republic. Of the amount designated as
"bought" about 8 million dollars was from New York.
The Bank of France reports a gain of £505,000 gold
during the week, and the Bank of Germany since the
last return shows an increase of about £754,000 of
we
lately
lost.
Notwithstanding Secretary Foster's belief that he
have surplus enough in September to pay the
whole 51 million dollars of 4^ per cents outstanding,
it seems evident that the appropriations by the last
'Congress are worrying him not a little. This we assume this metal.
will
This indicates a movement during the
week of £3,556,000 gold into the three principal
every kind of Treasury holding into a live asset. It European banks, which is a most notable circumstance.
is announced this week that an opinion has been obForeign exchange has been firm this week in consetained from the Attorney-General to the effect that the quence of a scarcity of bills against spot movements of
Department has the right to issue certificates against grain, and also because of the absence of bankers' bills,
the profit (about 4 million dollars) resulting from the natural result of the less free movement of gold.
the coinage of standard dollars] from b ullion pur- While the metal was being drawn abroad through the
chased
under
the
act
of
1890.
That is an high premium paid, resulting sterling was freely offered
•odd decision,
and we cannot think it would at comparatively low rates. As the premium was gradhave been made were it not that the Govern- ually reduced rates of sterling advanced and then offerment is put in a close corner by the necessity of meet- ings grew less liberal. This week the Bank of Engto be the case
from the divers methods taken
past
to turn
ing the appropriations of Congress. It will be remem- land has declined to bid for gold coin, so that the
bered that this bullion (profit as it is called) has once exchange market has resumed its normal condition.
already had certificates issued on it (that is when it was Almost daily cables have been received announcing
purchased),
the
that
so
dishonesty
ness in
the
operation
underlying
this
well
that the
illustrates
dollar- coinage busi-
coin to
Bank had reduced
76s.
5^d. per ounce,
the
premium on gold
and quite
as often this
Another evidence of the Gov- announcement has been denied.
The facts are as stated
ernment need is a further report received this week above. The Bank declines to bid for gold. It may be
from Washington that the Government may decide to of interest to add that since gold coin began to move
issue certificates on the half dollars] now in
the to London so freely one of the shippers, having an
all
its
phases.
Treasury.
opportunity to obtain them, shipped a few gold bars,
represented by bankers' balances, and the firm was surprised on learning that they
has loaned this week at 6 and at 3^ per cent, averaging were less acceptable than the coin.
The reason
about 4 to 4^ per cent, and renewals have been made given in a letter received this week is that coin
generally at 4 per cent; the minimum of banks
and was preferred to bars because later in the season,
trust companies has been 5 per cent, except in
a few when the return movement sets in, the Bank of
cases, where 4^ has been paid.
There is a less urgent England would probably refuse to part with bars,
demand for time loans and the supply of money offering while the coin could readily be obtained.
In the
is increasing; the rate is 5 per cent
for sixty days to four opinion of good judges the exchange market will
Money on
call, as
I
•
Mat
IHlfi
80, 1891.J
CHRONICLE.
proaont at loaat, and at figures
tlie
which will justify modorato sliipmonts of gold, and
even when exports of brcudstutia become largo it will
be found that they have to a considerable extent been
j-emaiu firm fur
811
buihels against 541,030 bushels in April 1880.
|
Bat
at Philadelphia and Baltimore
a very large part of all
grain received is brought in by the Pennsylrania, and
at those two points the total grain receipts of all kinda
anticipated.
Of course if purchases of securities for in April the present year were only 3,202,7:^7
European account should be stimulated from any cause, bushels, as against 10,415,163 bushels in the Mine
The
the tone of the exchange market would speedily change.
month
On Monday Brown
to a loss of 180,000
to
4 84i
Bank
long
for
of
Bros, advanced their posted rates
British
and 4 88^ for short and
North America
moved
the
which must
the
sylvania
4 85, while Baring, Magoun &
Go. and the Bank of Montreal maintained unchanged
the rates of the previous week
4 84^ for long and
60-day rate
up
last year.
to
as
decrease
is
equivalent roaghly
tons of freight, a large share of
have fallen on the lines, of the Pena-
the
principal carriers to
But hardly less important in their
strike and the depression in the
those
point*.
were the coke
iron trade, with the
effects
—
consequent going out of blast of so many iron fur4 88^ for short. On Tuesday Brown Bros, and the naceo. We have explained on a previous occasion the
Bank of Montreal moved up to 4 85 for long and 4 89 effects and action of these circumstances, and need not
for short, and the Bank of British North America to go over the same ground here.
Suffice it to say, that
4 89 for the latter, leaving Baring, Magoun & Co. they mean diminished shipments of coke and coal,
unchanged.
On Wednesday all the drawers made diminished shipments of iron ore, and diminished shiptheir rates uniform at 4 85 for 60-day and 4 89 for ments of manufactured pig.
When one bebra all this
sight, so maintaining them on the following day, except in mind, it will bo admitted that the Pennsylvania
the Bank of Montreal, which advanced to 4 85^ for earnings are remarkably satisfactory.
long and 4 89^ for short. The market closed firm yesIn the case of the net, the exhibit of the Pennsylterday at 4 85@4 85^ for sixty days and 4 89® vania is still better, expenses having been greatly
Considering in what a liberal way the PennRates for actual business
4 89^ for sight.
in reduced.
closed
at
4 84J to
4 85
sterling
for
long, sylvania has been making renewals and repairs in the
4 88i for short, 4 88J to 4 89i for past and charging the cost to operating expenses, it
4 88i to
4 83^ to 4 83f for prime and does not seem surprising that the road should now be
cable transfers,
4 83 to 4 83^ for documentary commercial bills. Gold able to cut down its expense account. On the Eastern
to the amount of $1,250,000 was sent to Europe on lines expenses were reduced $161,117, leaving the loss
Wednesday— 1500,000 by Ladenburg, Thallman& Co., in net for the month only $79,237. On the Western
$500,000 by Kuhn, Loeb & Co. and $250,000 by lines, with a decrease of $85,723 in gross earnings,
Baring, Magoun & Co. and $500,000 went forward expenses were reduced as much as $416,438, thus
on Thursday, shipped by L. Von Hoffman & Co. The actually producing & gain in net earnings of $330,715.
engagements reported yesterday for Saturday's steamer For the four months to April 30 these Western lines
were $350,000 by L. Von Hoffman & Co., $500,000 by have lost no less than $947,091 in gross, bat the
has been still larger, namely
Heidelbach, Ickelheimer «& Co. and $2,000,000 by decrease in expenses
—
Lazard Freres.
The week has been marked by the receipt of quite a
number of encouraging exhibits of gross and net earnThe returns have come
ings for the month of April.
from nearly all sections of the country, and they are
almost uniformly favorable if not in gross, at least in
net.
We may refer first to the statement of the Pennsylvania, that road being such a prominent one and its
business being regarded as representative of our industries.
The road shows a loss in gross earnings for the
month on its Eastern system as compared with the corresponding month last year of $240,354 and a loss
on the Western system of no more than $85,723, making together only $326,077, whereas last year in that
month there had been a gain on the Eastern lines alone
of about $587,000. What the gain on the Western system was then we do not know, since the returns were
made up in a different way at that time, but from the
increase on the Eastern lines one gets an idea of how
heavy the totals for 1890 are with which the comparison is now being made.
It is not alone, however, the fact that comparison is
—
with large
earnings, that
gives
significance
to the
$973,292, leaving a slight increase in the net ($26,201.)
The following furnishes a comparison on the Eastern
lines for six vears.
Lnrra iabt or
1891.
1890.
1889.
1888.
1887.
18g«.
priTSDtjRa.
April
«
»
«
aroHeamlniis
Openit'K expensM.
5,379,003
t
5,619,357
6,034,370
4,660.046
4,342334
I
3362,617
8,770,469
3,931.586
3,346,772
3,007,486
2.991,961
2,641,763
Net earnings...
1,606,631
1,687,771
l,<86,«e6
1,652,619
1,350,883
1,320364
/wt.
April SO.
20,ei»,S04 31.063,474 18,778,408 17,750.040 16,6a332a 14.736,486
QroM earning*
Oparat'g expeoMs U,7t7.86e U,M7,2S6 13,080,472 12,342,606 U3U,496 •386.61
1 U>
Wet earnings..
5.932,148
«,036.219i .'i,7«7.93a
5,407.4341 5.381,33ll 4346,786
worth noting that reduced expenses are just
now a noteworthy feature on a great many roads. We
referred last week to the case of the Baltimore & Ohio
and some others. The Pennsylvania is of coarse a
stUI more conspicuous illustration.
And farther
instances of the same kind may be cited, some very
prominent. The Northern Central, an outside line of
the Pennsylvania, with gross diminished $14,000, has
increased its net $32,000.
The Baltimore & Potomac,
with gross increased $3,200, has reduced expenses
It
is
$4,800, thus yielding a gain in net of $8,000.
Cleveland Cincinnati Chicago
&
St.
Louis,
The
with a
The matter derives special decrease of $2,000 in gross, reduced expenses $3,000.
importance by reason of the many unfavorable circum- The Kansas City Fort Scott & Gulf has added $12,600
stances and conditions prevailing the present year, all to its gross and at the same time diminished expenses
relatively small loss now.
tending to reduce
traffic
and earnings. Take the
elfects
of the short crops, for instance, on the volume of the
$3,700, giving a gain of $16,300 in net.
But these latter are all minor cases alongside that of
the Burlington & Quiucy, which, to the surprise of
Pittsburgh and Erie, and those west. ererybody, in its April exhibit this week actually reThe loss in the movement to New York is not of so ported a gain in net earnings. Gross earnings decreased
much consequence, though even here the deliveries by less than in the months preceding, and yet there was a
the Pennsylvania in April 1891 reached only 361,474 falling off of $257,000; but as this was accompanied by
grain
traffic
over the road, an influence affecting both
the lines east
of,
THE CHRONECLE.
612
[Vol. lit.
25,000 shares of its preferred stock have been suba reductioa in expenses in the large sum of 1363,000,
scribed for under its recent offer to the stockholders.
month
same
the
net turned out $106,000 better than in
the
The following statement, made up from returns colquite
in
distinguished
a year ago. The St. Paul is not
lected
havby us, shows the week's receipts and shipments
statement,
favorable
very
game way, but also has a
and gold by the New York banks.
Then
of
currency
net.
in
and
$59,800
gross
in
ing gained $106,500
ento
continues
which
Pacific,
Canadian
the
we have
Received by Shipped by
Net Interior
neek Endint Maj 29, ISOX.
N.T. Banks. tf. T. Banks.
Moi^ement.
large its earnings, both gross and net, in a noteworthy
$5,626,000
$891,000
manner. Gross increased $277,000 for the month, and
800,000
SOD.OOO Gain.
500,000
the net stands at $599,000, against $440,000, being an
ToUi' roirt ana leital tenders ... «6.425,00<f $1,191,000 Gftln.S5,a34.00()
The Rio Grande Western has
addition of $159,000.
With the Sub-Treasury operations a)id gold exports:
more than doubled its net, reporting $66,470 for April,
the result
1891, against $31,103 for April, 1890.
Among the coal roads, the Central New Jersey
while having sustained a loss of $34,700 in gross earnngs, reduced expenses suflBciently to produce a gain
n
$33,600.
net of
For the four months
this road
nereased gross $404,000 at an increased cost of only
<106,000, leaving a gain in net of $298,000. The
Erie for the month loses $111,725 in gross and $45,456
is
as follows.
Week Ending May
BaukB* Interior movement, as above
8Bb-Tre»a. oper. and gold exports.
in the principal
delphia
& Reading
cither
way
On
the Phila-
the changes are not very important
The Buffalo Rochester &
time.
this
Gold.
BnRland
France
statement of that road shows not only $73,531 increase
in gross, but also $73,384 increase in net, expenses
having been added to only in the sum of $337. Hardly
& Ohio
amount
this
of bullion
week, and at the
May
28, 181)1.
Silver.
£
Pittsburg reports gross enlarged from $169,000 to Germany ...
Auat.-Hun'y.
$246,000, and net from $08,000 to $84,000.
Netherlandi..
In the South the Central of Georgia furnishes a Nat. B'lgtum
striking illustration of a saving in expenses, and also
an illustration of a very favorable exhibit, for the April
$25,528,000 $23,891,000 Galii.$l,6:U.000-
last year.
Hay
Banks of
Holding*.
$1,191,000 Galn.$o,234,00(>'
U3,7CO,000 Loss. 3,600,000
$6,425,000
19,100,000
European banks
corresponding date
Ket Change in
Bank
Banks.
following table indicates the
with a gain of $393,000 in
in net, but this compares
gross and $155,000 in net last year.
—
Total ffCHd and le^al tenders
The
Out of
Into
Bauks.
29, 1891.
29, 1890.
Total.
Goiii.
Silver.
Total.
£
£
£
£
24,267,061 21.755.670
21,755.87024,267,001
61.511,000 ;0,723,00O|102.254,00O, 52,223,000 50,818,000 103,041,0U0
30,401,000 15,203,000 J 5.606,000 29,002,000 11,501,000 43,503.000
5,600,000 18,312,000 21,821,000
6.403,000 10,482,000 21,887,000
9,524,000
4,735,000 6,737,000 10,172,000
3,900,000 6.621.000
2,980,000
1,490.000
4,470,000
2,791,000
1,396.000
4,187,000
Tot.thisweek 118,497,001 89,501,000 207,998.081 118.015.870 88,761,000 204.779.670
Tot, prev. w'k 115,Ota,038 38.8oO,667'203,893,705!ll6,270.'i45 8S,Ci76,()i)0 204,946,34
THE REA SOX FOR GOLD EXPORTS.
It is quite natural
not only that the desire should
to understand why gold has
continued to leave the country so rapidly and largely,
its gross from $594,000 to $670,000, and its net from but also that a degree of solicitude should begin to be
That would
$109,000 to $150,000, and the Norfolk & Western has felt because the outflow does not cease.
increased gross from $693,000 to $763,000, and net be the case even if this loss of reserves had no other
from $210,000 to $358,000. The Jacksonville Tampa effect than to cause a feeling of uncertainty with
the returns of the Chesapeake
less favorable are
and the Norfolk
&
Western.
The former
increase
week by week
has enlarged
& Key
regard to our
$75,470, and
son.
West has increased its gross from $54,106 to
its net from $18,336 to $36,153.
Our stock market this week has been dull at times
almost stagnant and the course of prices quite
irregular, though on the whole downward.
The crop
—
—
situation continues very favorable, rains having fallen
of
movement which arrests attention and
makes an investigation interesting and instructive.
For probably with the close of May our net exports
character of the
of gold will reach not less than 52 million dollars since
1, of which 14 millions went out in April and
But about 30 millions in May. Moreover, not alone has the
things at aggregate become unusually large and the outflow been
nearly everywhere where needed, and reports of
earnings are a great deal better than expected.
on the other hand the disturbed condition
money market during the coming fall seaBut, in addition to that feature, there is the unique
net
January
the European financial centres, with the selling of phenomenally rapid, but it is claimed that the causes
American securities for foreign account, and the con- influencing the eflSux are more diverse than usual. In
tinued demand for gold, serve to make operators timid, fact every condition which might tend for or against
and doubtless also the knowledge that the Exchange
would be closed to-day on account of its being Decoration Day had some effect in deterring purchases. Early
in the week, when it was supposed that comparatively
little gold would go out, prices tended toward firmness,
but later, with the announcement of the shipments
on Wednesday and Thursday, the tone again became
W»ak. Yesterday the favorable bank statement (which
was issued a day earlier because of to-day's holiday) had
very
little effect,
being
further amounts of
steamers.
Louisville
offset by the engagements of
gold for shipment by to-day's
&
Nashville
yesterday, and has been heavy
declined
sharply
through the week,
chiefly it is thought on European selling.
The good
statement of the Burlington & Quincy has helped both
that stock and Rock Island, and the anthracite coal
shares have been strong on the definite agreement to
advance circular prices of coal the 1st of June. There
was quite a spurt of activity in Wabash shares a
ew day«
ago.
all
The Norfolk & Western announces
that
gold exports has this year been charged with contribtiting more or less in favoring them.
While
all this is true,
an analysis of the foreign trade
conditions clears up in great part the apparent mystery,
that situation being of course always the prime factor
permitting,
of the
if
Bureau
month's trade
Mr. Brock
week issued another
not inducing, gold transfers.
of Statistics has this
figures,
to include April.
bringing the returns down so as
give the statement in full in a
We
subsequent column. But before noticing the results those
returns disclose, we must recall the fact that even if
the record showed uo balance either way we should
any movement of American
securities to Europe) be on a basis for liberal gold exports, since in that case our debt accruing to foreign
countries to be paid with gold or securities (there being
In former
a lack of merchandise) would be large.
times (that is in times ante-dating the West Shore
still
(in the absence of
settlement) our estimate was that
world on the average as
much
we owed the outside
a
as 8 million dollars
May
THE CHRONICLE.
30. 189X.]
month (or 100 inillion3ayear)foriiUere8t,froight8,un(ierundervaluiivaluatious including smuggled goods, &c.
tioQH boin^; always, with high customs duties ruling, an
—
item of importance iu spite of the greatest yigilanco
used to detect them. Thus taking the years 18S1, 1A82
1883, 1884 and 1885, the net unpaid exports standing
in favor of the
United States
found to bo as
will be
follows.
1881.
1892.
$
V
1883.
«
Net exports roprchnmllao.. +163,330,679 415,138,430 +108,143,100
silver..
...
Total net exports
Ket gold moToment
Net unpnid exports,
+8,467,620
+114,012,231
+49,676,660 +103.777.222
Net exports merchandise
^
Net unpaid exports, including
According
1885.
9
9
+12.990,589 —12.229.104
gold.... 4 117,154,128
+103,660,845
to these totals the world
how
that
settlement
important
European funds tending towards the United States
of
that no other or further cause
In confirmation
1881 of
1882 of
1883 of
1884 of
1883 of.
,
in five rears
required for our large
is
of both
of the statements
—the very large flow of
quent to 1885 and the
1889 and since — we present the
above
capital to
made
America subse-
partial arrest of that flow in
owed the United arranged them
down
in the
our foreign
figures of
to the present date.
same form
We
have
as the preceding state-
ments.
States on the face of the trade returns a
Net unpaid balance
Averaging per jear
since
been
an
item
the
m^ro arrest of that flow haa now become. European capital haa been poured in hero most lavishly,
and gone into not only our railroads but has been the
great agent in developing many of our industries.
No
doubt securities have been returned in 1890 and in 1889
too; in many cases others have been taken in exchange,
but possibly a net of 25 million dollars of capital in the
aggregate may have been withdrawn from America in
that way, though we find no evidence of the return of
even so large a sum as named. Thus the years indicated
have witnessed such a material stoppage in the stream
trade from 1886
Imports.
Net unpaid balance in
Net unpaid balance iu
Net unpaid balance In
Net unpaid balance in
Net unpaid balance in
has
and
exports of gold.
+ 134.163.539 + 1 15,888.040
Total net exporte
Net gold movement
—
1884.
+120,104,569 +100,381.125
+14.058,971 +15,507.831
silver
Exports.
+11,011,313
+23.357.109 mie.78J.4I3
+2a,318,.'S51 —16,007.101
money America
receiving,
In-
cludlug gold
+
+8,218,670
+171.807.308
—57.705,077
813
$114,012,231
48.675,660
103.777,222
147.154,128
103,660,815
Total net exports
1888.
$
$
+6,482,566 —33,650,321
+10.872,374 4 13,972,436
+17,354,940 —19,677,885
—25,959 —35,744,873 +23,565,674
+59,807,313
Net gold movement
Net exports or imports. +59,781,384 —18,389,933
1889.
We
;
1887.
$
Net exports mercbaodlje.. +49,974,832
"
silver
+9,832.511
$317,280,086
$103,436,017
do not give the above figures for the purpose of
asking our readers to accept the estimate named, or for
the purpose of fixing any exact estimate.
Our sole
object now is to establish that there was down to the
year of the West Shore settlement, in 1885, a considerable debt due by the United States to Europe for
interest, &c.
What the precise amount was we do not
need to know for the purposes of this inquiry, and we
cannot know because of the complex nature of
international transactions but the above totals prove
at least that there was such a debt, that it was constantly recurring, and that it was large.
To recall
1886.
9
Net exports
+
Exports.
*1891.
$
Net exports merchandise.. +56,584,382
sUver
+21,474,968
Total net exports
Net gold movement
+ 8,887,78»
1800.
$
+34,104,822
4 3,940,6.59
+16,584,013
+3,229,118
+78,059,350 +38,04.5,181
+38,928,828
+3,819,007
+19,813,131
+21,217,534
+ 116,988,178 +41,894,488 +41,060,665
— Imports.
*
1891 inoludes only the four months
January to April.
Compared with
the. previous statements for 1881 to
1885, inclusive, the above results, considered in connection with
surprising.
we have referred to, are certainly
Take the first three years and note how
the facts
absolute is the change in the situation they reflect. The
necessary at the present year 1886 is not so marked, but it is the first under the
time, because the remembrance of it aids the judgment new relation.
It will be seen that we imported a little
this feature in the situation
is
in reaching a correct conclusion with regard to the
for it answers with the force of
;
present gold exports
an unqualified negative all estimates assuming the current efflux to be in payment for a large return of American securities from Europe. One often hears now-adays estimates made of a hundred or more millions of
dollars added to our adverse trade balance within a few
months by the receipt of stocks and bonds from London and Berlin. Such statements, even if there was no
gold (125,959 net), although the exports of merchan-
and silver reached only $59,807,343 ; but the
next year, 1887, although our merchandise and silver
exports showed a net balance of only $17,354,940, yet
Europe appeared to be largely in our debt, having sent
dise
us gold to the net
amount
of 135,744,873
;
and then
again in 1888 a net balance of $3,887,789 exports is
apparently suflicient to square accounts. Even taking
the three years together, the movement of our securiother method of disproof, discredit themselves, for they ties to Europe was so large that an average net mergreatly exaggerate America's capacity for hastily chandise &c. export of $15,093,080 appears to have
absorbing securities if not Europe's capacity for making been sufficient to settle our ^interest &c. accounts,
& speedy delivery.
against $103,000,000 a year needed to settle the same
The fact is, it is the arrest in the foreign demand for items during the years 1881 to 1885 inclusive.
our
securities,
and therefore
of their outflow, that
is
dis-
The
final three years are
no
less instructive.
They
turbing our gold reserves to-day. Resumption of specie all cover a period when the demand for .our securities
payments in 1879 not only established United States has been on the wane and hence a larger trade balance has
credit on a higher plane,
but it was such a been required, the average net for the two years 1889
notable and conspicuous event that the act greatly and 1890 being $79,426,333. This year the record only
widened our market for all kinds of obligations. It covers four months, but the movement thus far is sigwas not, however, until the completion of the West nificant of the fact, which is the prominent condition
Shore settlement that the closer alliance now existing now existing, that there is literally almost no foreign
between the leading banking houses of America and demand for either our stocks or bonds.
Europe was established, and our railroad securities
This investigation which we have attempted rebegan to be taken as freely abroad as at home. quires perhaps fuller development to make oar conFew, we think, realize what a flood of foreign tention clear than we hare been able to give it in thc^o
THE CHRONICLE
814
columns.
It
may
consequently be of advantage to re- ments and reduced tonnage in that kind of traffic over
such lines. Auy falling off in general business or in
the purchasing ability of consumers in the East or in
what we have sought to demonstrate. Our
purpose has been to show
have
(1) That our monetary relations with Europe
recently become very close and intimate, and that dependence upon foreign capital for opening the country
and developing its resources has grown into a conspicuous and an essential condition for rapid progress.
That whereas formerly we had to send abroad a
(2)
capitulate
fVOL. LII.
surplus of about 100 million dollars in merchandise, etc.,
each year to meet our interest account, etc., now Europe
has grown into the habit of taking pay for all that
the West would likewise affect the traffic and tonnage
This is true to such an extent that the
earnings of the leading trunk systems are frequently
of these lines.
taken as an index of the condition of general trade^
though their value for this purpose is to some extent
impaired by the variations in rates and the influence of
that circumstance in affecting the totals.
In the present instance the effects of the short crops
promised to be the more striking since comparison was
in American securities and property in addition to its with exceptionally large crops, and heavy earnings and
former similar takings. This is the outcome of a wider traffic on that account, the year previous. In truth it
knowledge of the country, its resources and business was because the revenues of our roads had increased in
methods, and the securities taken are for permanant such a noteworthy way in 1890 that most of us were
The later
holding, not easily dislodged, except the small part fearful of a decided falling off in 1891.
the
developments
such
as
coke
strike,
the
falling
off
account.
speculative
that goes to London on
going
in
the
out
of
blast
ore
shipments,
of
so
many
movement
of
securthis
since
1889
opened,
That
(3)
slowly at first, but more iron furnaces, the quietness of general trade only
ities has been on the decline,
decidedly of late, until during recent months the net served to confirm the previous impressions of unfavormovement has probably even been against the country to able results in store, and strengthened expectations of
a moderate amount. The cause or causes of the change such results to that extent.
When we come to sum up the returns, however, wewe are not discussing to-day ; that is a matter of opinion, and it is too soon to be able to say just what part find that about the only effect of these various circumof the result can be charged to this or that condition stances has been to keep the aggregate of earnings
The facts are suggestive however and stationary for the time being that on the trunk lines
or influence.
should induce thought, for there may be some action as a whole there has been practically no falling off at all
—
—
—
—
which is contributing to
American securities.
(4) We now see perhaps more clearly why it is that
good crops here the present summer and a good demand for them in Europe are such extremely important
on
this side of the Atlantic
this loss of confidence in
The need
conditions this year.
of
the country
is
a
column, in our article
refer to the satisfactory character of the exhibit of the
Pennsylvania for the month of April, and also to the
same mouth, but in the
exhibit of the Erie for the
our securities.
promise that we
may
secure both'.
enable us to include in the comparison roads like
the Lake Shore and the Nickel Plate which make
quarterly returns to the State authorities but do not
will
TRUNK LINE INCOME THE PRESENT
YEAR.
turned out better than expected in nearly all sections
of the country, it is really remarkable how the revenues
of the great East and West trunk lines have kept up
in comparison with the heavy totals of a year ago.
If any one had been asked a few months ago what the
outlook was for these lines during the first half of
1891, he would doubtless have answered without
hesitation that the outlook was for a decided falling off
in traflBc and earnings.
Indeed, many trunk line
oflScials openly expressed themselves to that effect,
and in providing for future outlays and future
requirements were governed entirely by considerations
based on such expectations.
This view was a natural one, considering the position
which these trunk lines to the seaboard hold in the
railroad system of the country, and considering also
the probable influence and effects of certain leading
factors in the general mercantile and industrial situation which
been poor,
Suppose we take thff
being
furnish monthly statements.
While railroad gross earnings the present year have return
revenues.
though some of the
more or less.
In another
on the Financial Situation, we
totals of last year,
separate roads have lost
and a renewed absorption in present article we shall confine ourselves to the results
Abundant harvests afford a for the three months to the end of March, because that
larger trade balance
Europe
of
from the heavy
Lake Shore
come to hand.
of the
the latest to
to begin with, that
That road suffered not only from the falling off in
the east-bound shipments from Chicago as a result of
the poor crops, but it must also have been adversely
affected
shutting
by the falling
down of so
and in
in iron ore
off in ore
many
shipments and the
iron furnaces, as the
coal over the
traffic
Ashtabula branch
is
one bears that fact in mind
and also that in the first quarter of 1890 gross earnings
had increased nearly $700,000 as compared with the
corresponding quarter of 1889 the total jumping up
from $4,222,819 to $4,905,897—one naturally looks for
a decline of quite considerable dimensions the present
In reality, the decline is only about $155,000
year.
usually very heavy.
When
—
(from $4,905,897 to
is
than
still
in
But even
over
the
$4,750,632),' so that the
half
same
a
million
quarter
dollars
two
years
this small loss of $155,000 disappears
total
larger
ago.
when
one examines the return of the Nickel Plate, a road
had owned by the Lake Shore, and which has increased
falling off its gross earnings, as compared with last year, $156,a possible unfavorable effect 000.
In other words, if we take the two roads together
usually control the course of traffic and
The harvest of our principal
and this meant not only a
in grain s^hipments but
on general business
state of things
a,l80
as well.
on the trunk
The
lines
cereals
influence of such a
is obvious, for it is
gross earnings the present year are fully as large as
those of last year, when there had been an increase of
traffic to and from the interior no less than $854,000 over the three months of the
and the seaboard must pass. A year preceding. The following table furnishes a comthe grain yield therefore, leading to parison of the gross and net earnings of these two-
over these lines that the
sections ol the country
contraction in
diminished exports of grain, indicated reduced ship-
roads for five years.
Mat
THE CHRONICLE
80, 1891.J
-QintrUr fluting iVarc^
IHBO.
taw.
IMl.
Southern,
oamlujra
OnM«
If.
r. CMC.
8.SU,M8
sjoo.eao
1,630,104
l,M»,ai7
4
8t. Louto..
•
1880.
•
narulnss
l,lt70,Ma
-OperatlDc eipouw.., I,«K>,aM
4,170,488
f
4,M0,t7«
I.71«,W1
1,7M,18»
1888.
«
1,MS,1M
1,414,488
l,07«,4i«
ag;jrcgatc of those
1887.
Mw.wr
l.S01,4a6
18aO.
1801.
OroM
The
31.
I
I
«.TSO.as«
Op«nUiic expanM*..
Mttaarnlnsa
»
»
Ml(*hii/'iri
l«S7.
«
«
1,8UI,0«1
l,i7l,7»l
816
changed from
slightly
the net.
That
is
to
ten
last
roads
for
1891
is
but
year either on the groaa or
say, after
an increase in gross
receipts last year of over 5J million dollars, the falling
off the present year is practically nil, amounting to
only $42,000 on a total of 54 million dollars.
The
net
having risen $1,923,000 in 1890, has fallen off
Matearnlugi
S04,9M
300,080
843,04«
M4.7M
4M.3&a
$264,000 in 1891. Some of the roads have suffered
lotalboth
1888.
1801.
1880.
1888.
W87.
more than others, but in view of the conditions which
Boadt.
(
•
t
I
t
Orouearnlnsa
«,sai,078
«,S10,880
5,4M,011
0,081,510
S,472.S(I8
ruled, the result is strikingly satisfactory and very
have
Operatlna ezp«na««... 4,486314
4,S83,Ua
8,«8»,788
8,0«8,888
3,213.780
mnch
better than any one would have dared to hope
NeteaniiII«>
1380,784
1.887,808
8,081,000
£i7W,88»
8,868,648
This shows gross for the two roads in 1891 o' only a few months back. It must be accepted as new
testimony to the growth and development of the coan
$6,321,678, against $6,320,385 in 1890 and
Il78,4t8
1,007,001
806.481
after
only
and as illustrating the diversification of our indnsunder which a loss in one class of traffic is compensated
for by a gain in another.
Doubtless the large
$101,000, and that the total is also smaller than in
imports
have
been a favoring circumstance, as the
most other years. But this has no special significance
and follows simply from the policy which is distin- imported goods in the process of distribution pass from
guishing the management of those properties, of making the seaboard to various parts of the country, and go ia
extensive renewals and improvements and charging large degree over the trunk lines.
Of course the rate situation was quite satisfactory
the cost to operating expenses.
How far this policy
has been carried may be judged from the fact that the present year, but it was not unsatisfactory a year
while in 1887 on less than 5^ million dollars gross ago in the early months, the trouble then being chiefly
earnings the net was 12,258,548, in 1891 on 6^ mil- with the roads west of Chicago. It is proper to add
that the above tabulation does not embrace the Western
lions gross the net is but $1,885,734.
If now we examine the returns of other roads, we system of the Pennsylvania, which in some respeots
find that the Lake Shore and the Nickel Plate do not has fared worse than any other. The totals of earnings
stand alone in the good comparison of their gross are not furnished in that case (which explains the
receipts for the quarter.
Thus the Erie, which for omission from the table), but in the statement giving
the quarter in 1890 gained over $706,000, this year the changes in those totals it is shown that there was
has made a further gain of $63,000. The Pennsylvania, a loss of $861,368 in the gross for the quarter and a loss
which last year gained $1,718,000, this year in the of $304,513 in the net. What the gain was last year
quarter lost only $194,000 of the amount, notwith- we cannot say, as the statement was then made up in a
standing that the coke strike and the depression in the different form. But even with this system included,
iron trade must have affected it worse than any other though the comparison would be somewhat less favorroad.
The Baltimore & Ohio loses only $180,000 able the general results and general conclusions would
not be affected to any material extent, since the aggre»
after a gain last year of $887,000,
The
#5,466,011 in 1889. It will be noticed that the net
earnings record a decline from last year of about
try,
tries
New York
Central figures for 1891 include the operations of gates we are dealing with are very large.
the Rome Watertown & Ogdensburg during the last
16 days of March, but this will account for only a
CONTROL OF TRAFFIC
CONNECTING
small part of the $414,000 increase in gross, following
OVER
ROADS.
an increase of $540,000 in 1890. The Cleveland
The
receipt
of
the
full
text of the decision by the
Cincinnati Chicago & St. Louis made a gain of
Interstate
Commerce
Commission
in the case of the
$188,000 in 1890, and this year makes a further gain
New
York
Northern
&
Railway
Company
against the
of $140,000.
The Wabash last year gained $436,000
and this year lost $203,000. Below we furnish a New York & New England and the Housatonic, perfour-year comparison on gross and net for ten prom- mits an intelligent judgment as to the scope and import of the Commissioners' ruling. The decision has
inent roads, including the ftrand Trunk of Canada.
been referred to in some of the daily papers as the most
GROSS CARNIKQS.
—
Quarter eiuiing March 31.important ever rendered by the Commission. That is
1881.
1880.
1888.
1888.
certainly an exaggeration, and yet there van be no doubt
PeniUTlTaniat
15,270,601
16.461,117
13,740,038
13,088,885
New York Central
ir8.8e8,17«
8,573,780
8,033,478
8,168,796
that the questions raised have a wide general bearing.
.
*lrtel
I<ake Shore
C. C. C.
4
St.
LoQta
6,517.96a
4,750,638
3,124,467
6,464,760
5,748,608
4,888,818
4,805,897
8,861,514
8,796,850
6,068,882
4.878,488
+8,686,000
1,414,488
6,637,681
1,843,183
4,780,897
4.618,5«4
NlckelPlato
Baltimore 4 Ohio
Grand Trunk of Canada*
Ohio 4 HlsalHlppI
1,570,946
4,399,330
888,604
4,488,986
877,844
817,760
888.125
'"'•'>"''
8,868380
3,166,097
8,738,714
2,583,161
64,024.884
64,067,103
48,037,687
47,480,488
TotaL
5.457,386
4,3ff)330
1,318,051
3398,110
NKT CARNIKOS.
1891.
FannsylTaQla*
Wew York C«ntral
*^e'
LakeShore
C. C. C.
4 St.
,
LoolS
Xlckel Plate
Baltimore 4 Ohio
Grand Trunk or Canada*
Ohio
4 MiMiulppI
^•baah
Total
1890.
1889.
1888.
43^.614
4.318,448
4,061^338
8,854.817
13,012,737
8356,681
8,632,870
8.350,768
8,074300
1378,868
1,868,018
1,630,104
8,116,744
1,646.817
1.501,4t0
1,718.661
860338
861.090
889384
300,630
1,448,149
839,759
260.583
701,891
842,M2
864,794
1,188,786
873,880
296,830
641.810
1760,000
304,869
1,018,738
769,830
177,605
436,031
13,838,766
18337,181
15,697.716
1,410,680
1.016,685
818,138
833.860
16,861,788
'Founds sterllne reduced to dollara on the basis of tO
t BouKh approximation only.
t Bastem system only.
I
^
to
It
is
desirable, therefore, to
Inolndlmr New York PeonsTlranla 4 Ohio.
Including Bome Watertown 4 OKdenshuiK for the last half of Macok.
the exact nature of
he concurs in the conclusions reached, bat dissents
from the reasoning employed.
The
question presented for the consideration of the
Commission was whether under the Inter State
a carrier could discriminate against one of
its
ting lines in favor of another on through traffic
to or
Law
conneodestined
coming from the same point. The facts of the
The New York & Northern is a New
case are these
• pound.
know
upon which it is based, and the
limits upon its application and probable effects.
The
opinion of the Commission is written by Chairman
Cooley, who speaks in his usual clear and concise way.
Commissioner Bragg writes a separate opinion, in which
the ruling, the reasons
:
York State road, but has been engaged in Inter-State
commerce with the New York & New England road,
with which
it
connects at Brewsters.
For a great manj
THE CHRONICLE
816
—in fact ever since the extension of the New England to Brewsters— joint arrangements existed for the
on the East
years
[Vol. LII.
and while the
loss in net
earnings has not been nearly
owing to the fact that the margin of
profit
on
the
traffic
diverted had been quite small, yet
Pier
40
freight
between
carrying of through
the
England
loss
enough
to affect the welfare of the road to
was
New
York
&
Kew
on
the
Kiver and points
a
certain
extent.
embraced
arrangements
These
Willimantic.
west of
Of course the Inter-State Commerce Commission
through rates and through billing, and the freight was
carried on floats from Pier 40 to High Bridge, where had nothing to do with the loss of earnings involved.
the cars were transferred without breaking bulk to the With them it was simply a question whether the New
New York & Northern, thence carried north over the lat- England road had the right to discriminate in favor of
They
ter road to Brewsters and from there forwarded over the one of its connections and against another.
New England road to destination. The Northern had decide that it had not the right, and that such action
provided special facilities and incurred extra outlays for is in contravention of the statute. The general belief
handling this traffic, and moreover in the division of the had been that the Commission would rule against the
through rate between the two roads had accepted some- application made by the Northern. This belief was
what less than the proportion to which it would have founded chiefly on some of the past rulings of the
been entitled on a strict mileage basis, thus leaving the Commission, more particularly its declaration that the
New England road an extra advantage to that Act to regulate commerce had not provided the machinery necessary to clothe the Commission with the
extent.
la this way a considerable traffic was built up in the power to establish through rates and through billing.
course of time and the Northern made a fair profit out Furthermore, in the case of the Little Rock & MemBut about two years ago the New phis vs. tho East Tennessee Virginia & Georgia, where
of the business.
England road became interested in another route, and the above declaration was made, the complainant did
last year it refused any longer to continue the old arrange- not get the order asked for.
But the Commission points out that that case did
ments for through rates and through routing over the
so important,
Northern. The new route is made up of the New not involve the question of equal facilities or disEngland road to points of connection with the Housa- crimination in rates to points on the petitioner's own
tonic, thenc3 over the latter to Wilson's Point, on line, but called for a decision upon the question of
Long Island Sound, and from there to Piers 45 and 40 the right of a carrier to divert from a competitor
by water, these piers being not far removed from traffic originating at and destined to points beyond the
The termini of the Little
pier 40, whence through freight used to be received competitor's own line.
and shipped by the Northern. This route was made
feasible by the organization a few years ago of the New
England Terminal Company, which provided the necessary docks and warehouses at Wilson's Point and New
York. The stock of the Terminal Company ($200,000)
is owned in equal amounts by the New England and
the Housatonic, which two roads also guarantee $800,000 of bonds of the Terminal Company. Thus the
Rock & Memphis are expressed in its title,
will be remembered that after Mr. Gould's Iron
tain road had built a branch between the same
the Iron Mountain notified the East Tennessee
and
it
Mounpoints,
that
it
would thenceforward refuse to accept through tickets
to points on its line from passengers coming via the
Little
R5ck
The
road.
issuing of tickets
to points
on the Little Rock, or even to the terminus of that
roads in question have large pecuniary interests in the road, was not involved, but the Iron Mountain insisted
success of the new route, aside from the interest they that in granting through rates to points beyond
have in the revenue they get from the transportation the
passengers must come over its line instead
The Little
freight
another line.
of
by that route over the portions of the route of part way
over
action
this
of
represented by their own lines ; it is denied, however, Rock found that as a result
that the two roads and the Terminal Company are the Iron Mountain was
making serious inroads
" under any common control."
into its business, and it consequently appealed to the
The measures taken to secure traffic for the new Commission unsuccessfully as already said to comroute were vigorous and effective, and amounted to a pel the Iron Mountain to accept through tickets via the
practical extinction of the old route and which it is Little Rock the same as over its own line.
The Comclaimed had some advantages over the new route. Not mission thought that such a course would be in the
only were the agents of the New England instructed public interest, but they felt obliged to deny the
to exert every effort to induce shippers to send their request, chiefly because they did not possess the power
freight via Wilson's Point, but, as already said, the and the machinery to effect a division of through rates
managers of the New England absolutely refused to where the parties themselves failed or refused to act
allow shipments to be continued via the Northern at together for that purpose. The case subsequently came
joint through rates and on joint arrangements.
A before a United States Court, and there the Iron Mounshipper from Danbury, Conn., for instance, desiring to tain again was victorious, the decision, however, being
send goods via the Northern road is obliged not only based on the ground that as the line of that comto pay local rates over the New England to Brewsters pany
extended to points not reached by the
(on the Northern the local rate has been made the Little Rock, the Iron Mountain was entitled to the
same as the old proportion of the through rate), but benefits arising from that fact, and that it was
he must re-bill his freight at that point, as the New no unfair or unjust preference or discrimiMation
—
—
England
It
is
will not allow joint through billing to Pier 40.
proper to say that through rates and througli bill-
ing are
for
it
Rock.
to
prefer
The
its
own
Inter-State
line
to
that of the Little
Commerce Commission now
given on shipments between High Bridge
and points north, and points on the New England west
of Willimantic.
As a result of this drastic action to
quotes approvingly the language used by the judge on
and
to the Housatonic, one of its
still
that occasion.
But in the present ease the circumstances are differdiscourage through shipments to New York over the ent.
The New York & New England having granted
Northern, the latter's gross earnings have been steadily through rates and through arangements to New York
largely falling off for a great
many months
past,
connecting
lines,
can
it
SlAT
sm
THE CHHONICLE.
80, 1891.J
grant through rates and through arrange- " enforced because it is the law, and the matter of
New York & Northern, another connect- " want of power to compel entering into contractB is
ing line, on traffic to the same point ? The question "irrelevant to the question." They add, howerer,
here raised, the Commission say, is purely one of law, that they are not to bo understood that a complaint of
and is not embarrassed by any questions of fact that unjust discrimination in the matter of division of rates
might warrant a different application of the rule pre- might not as fairly be within the jurisdiction of the
refuse
ments
to
to the
scribed by the statute.
itself to
them,
is
The
situation, as
stated as follows
it
presents
" The business
:
to
" which the controversy relates is inter-State traffic;
" the several carriers in controversy are subject to the
" act in the conduct of the business the physical con" ditions for interchange of traffic with both the
" connecting lines are suitable, adequate and substan" tially equal. Both the connecting carriers have
" adequate transportation and terminal facilities for
" handling the traffic that is sought to be interchanged.
" There is no question of the financial responsibility
" of either of the connecting carriers for any engage" ment or liability connected with the handling of the
" traffic, and the public interests will be better sub" served in many respects by an unrestricted use of
" both routes." They then quote the provision of law
;
bearing on the point at issue
—namely,
Commission as the main question of refusal
through rates at all.
It
special
make
circum-
stances in the case under consideration which would
limit the application of the decision
stances were different.
In the
where the circum-
first
route,
or to
make requirements
Comnew through
place the
mission was not called upon to establish a
providing for the
necessary switching, terminal and other facilities on
for the
the part of the lines composing the route,
proper conduct of the through
route already existed, and
all
traffic.
The through
the facilities 'for the eco-
nomical and expeditious transportation of traffic had
been provided. Then, also, the Commission was not
required to fix the through rates to be charged,
nor to make a division of such rates. These matters
" every had been
that
many
thus appears that there were
to
upon by the
agreed
parties themselves,
" common carrier subject to the provisions of this Act and no complaint or dissatisfaction existed with refer*
" shall, according to their respective powers, afford all ence to their action. The question was simply whether
" reasonable, proper and equal facilities for the inter- a carrier having had joint arrangements over one route
" change of traffic between their respective lines, and for many years could arbitrarily close that route and
*'
for the receiving, forwarding
and delivering
of pas-
seek to force
all
the traffic over another route, newly
—
" sengers and properly to and from their several lines formed whether it could favor one connecting road
" and those connecting therewith, and shall not dis- and discriminate against a second. A further special
" criminate in their rates and charges between such condition existed in the fact that the controversy was
" connecting lines."
with reference to through traffic between the same
and the same terminal points over both routes.
Commission in deciding tliat
and charges through arrangements must be maintained over the old
This does not say anything ahout through
tariffs
or
initial
joint billing arrangements, but it does say that a car-
It is well to note that the
shall not discriminate in its rates
between one connecting line and another.
route does not at
rier
The Com-
mission lays stress on the fact that the prohibition on
discrimination
"unjustly"
apparently
is
absolute
that the law does not say
;
But
discriminate.
is
discriminating,
the
and
New England
in a double sense;
as regards rates, in charging full local tariffs to
the Northern instead of merely the proportion of the
former through tariffs, and, secondly, in refusing the
"equal facilities" called for by the law in not agreeing to
the through billing or routing of freight via the
Northern.
first,
all
interfere with the operation of the
them both on the same footing,
thus allowing the public to use either or both as it
new
route, but places
chooses.
An interesting question might bo raised as to what
would happen should the New England, the IlousaThe
tonic and the Terminal companies consolidate.
Inter-State law forbids discrimination between connecting roads, but the Housatonio would in that event
cease to be a connecting road.
tion then bo
much
Would
not the situaIron Mountain in
Memphis, where the
like that of the
It is important to note that the attitude of the Com- relation to the Little Rock &
mission with reference to their power to compel the court favored the idea that it was not unfair or unjust
establishing of through rates, and the making of the for a carrier to prefer its own line to that of a rival.
necessary divisions, remains the same as before. Commissioner Bragg in writing his opinion has that difmatter
did not pre- culty in mind, and he assents to the ruling of the ComBut in
the
this
case
New England
merely on the ground
sent itself iu that form. Commissioner Cooley takes pains
mission against the
to point this out, saying that "the prohibition against
that as the latter has continued joint arrangements on
through traffic to High Bridge, he cannot see any reason
"discrimination in rates and charges is something dif"ferent from a provision to compel a contract for
why the same joint arrangement should not be extend"through rates and through billing, however natural a se- ed nine miles further to pier 40. The New England is,
"quence they may be to interchanges of traffic for contin- however, perfectly consistent in this respect. It is com-
" uous carriage.
The clause
forbids a specified thing to
peting simply for the through
traffic
to
New
York,
*'be done, and it is no answer to this injunction to say and not for the through traffic to High Bridge and
" that the Act does not authorize the Commission or above points which it is not practical to reach except
" the courts to compel carriers to enter into contracts. over the Northern. It is also a question whether it is
" It compels them to desist from what the legislative not within the power of the Wilson's Point route to prac-
—
" authority regards as an abuse and public evil." * *
" The objection, therefore, that neither the Commis-
tically nullify the effects of the decision of the
Commis-
Assuming through rates and through billing resion.
"sion nor a court has been clothed with authority to stored via the Northern, might not the fact that the
" require carriers to enter into contracts for continuous Wilson's Point route involves 40 miles of water trans" carriage at joint through rates and upon through bills portation, while the Northern involves only 9 miles, be
"does not apply to the enforcement of the prohibition made the basis of lower charges over that route, thus
''
against
discrimination
in
rates.
That must be giving
it
the business.
'mE CHRONICLE.
81
MEVIEW OF PRICES IN MAY— STOCKS,
GOVERNMENT BONDS AND
FOREIGN EXCHANGE.
The
and miscellaneous stocks
Exchange during the month
Stock
The
at the N".
Y.
May, 1891.
of
unlisted issues are designated by an asterisk.
BATLKOAD AND MI8CELLANEOUS STOCKS.
Eailboads.
Albany & Sutque. . .
AtoUsonTop.&S.Fe.
Atlantic
&. Paclflc. ...
Bo. Ills., Ff.
&
Belle.
Boston* N.Y. A. L.pf.
Buff.Eocli.APlttB
Do
pref
Bnrl.C. Bap.&Nor..
Canadian Pacific
Canada Southern
Cedar Falls & Minn..
Centralof N.Jersey..
Central Pacific
Che8.&0.,Vot.Tr.cert.
Do
Do
Low. Bigh.
Eailkoabs.
1 67 is 1 67 >«
Oreg. Sb. L.&D. N...
Peo. Decat. & E'viUe.
4%
136
100
CI1IC.& East
111
Do
pref..
pr(
Do
&
Paul.
St.
pref..
& Northwest...
Do
pref..
Oliic. & Rock Island
Clilc. St. P. Minn. & O
Do
pref..
CL On. Chic. & 8t. L.
Chic.
.
Do
Cleveland
pref..
Pitts
*
Pitts.
Do
pref.
W. & Chic.
&W.pftr.rec..
EensselaerA Sara...
3738
Pfttsb. Ft.
Pitts.
30
79% Bichmond
52
Do
48
7
113
30
2654
Terminal.
pref.
Do
St. L. Alt.
•St.L &Ark.&T.rect8.
St. L. &8. F. 1st pf..
•StLouls&Soutbw.pf.
15'8
16%
21
29
126
S8Jfl
67»4
93
9703
pref.
& Oed..
&T. HT....
Bt.
Paul&Dulutb....
Do
pref..
109% 115%
Bt. Paul Minn. & Man.
South Carolina
Southern Pacific Co..
106>s 1I1>4
Texas
6OI4
2413
8008
2878
& Pacific
Tol. Ann A. & No. M.
Toledo & Ohio Cent.
Do
pref.
83
84
•Tol. Peo.
6>«
66T8
90
104
71s
6i«
514
& Western.
E.Tenn.Va.
6H
Do
Do
&
Ga. Ey.
1st pref.
60
2d pref.
Eransv. & Terre H..
Flint & Pere Marq.
120
.
Do
pref.
Great North'n, pref..
Green Bay W.&St. P.
Hous. & Texas Cent..
Illinois Central
liCased lines
Iowa Central
Do
& West'n..
pref..
LakeBbore
Lone Island
Louis.Et.
&
Bt.L.con.
&
Nashy..
LouiBV.N.Alb.&Ch..
Louisville
Louis. Bt. L.
&
Tex...
Mahoning Coal ER..
Manhattan consol
Menip.
& Charleston.
Mexican Central
Mexican Nat. certs..
Michigan Central
Milw. L. 6h.
Do
&
West.
pref..
241s
8978
8
3
101 14
34
74
19
Do
pref
Missouri Pacific
Mobile* Ohio
Morris & Essex
Kash. Chatt. &8t. L..
N. Y. Cent. & Hud. R.
N. y. Chic. & Bt. Louis
Istpref.
2d pref.
N.Y.& Harlem
N. Y. Lack. <fe West.
H. Y. Lake Erie & W.
.
Do
pref.
& New England
N.y.N.H.A Hartford
N. Y. & North, pi ef..
N. Y.
N.Y. Ont. AWest....
N.Y. Susq. AWest...
Do
pref..
Norfolk* Western...
5."
^ .Jfe'»T
Northern Pacific
Do
pref..
Ohio & Mississippi...
Ohio Boutbern
Oregon By. &Nav.Co.
Adams
I4514 149
American
114
United Btateg
61
140
Fargo
Wells,
& Co
118
67
144
Coal and Minino.
Cameron Coal
1
1
34I3
Colorado Coal &, Iron
Col. & Hock. C. & I ..
Consolidation Coal...
16
24
10
16
39
16
24
10
16
Maryland Coal
17 is
35
Minnrsota Iron
New
68
1408
611a
19
68 1«
lOia
10%
Mg
Homestake
Lehi.h&W.
112%
93%
B.CoaJ,
Central Coal
Ontario Silver Min..
Pennsylvania Coal..
Quicksilver Mining..
8914
73ia
981a
39
144ia
99%
99ia
1 2 la
66ia
28
263
108
516
61a
pref.
39
39
1
1
29
15
77
pref.
Do
32
87
361s
87i€
Various.
Am. Cotton
Oil Co....
2278
28%
Do
pref..
45
51%
*Do
Tr. certs...
25
2718
514 •Am. Sugar Befln.Co.
80% 91%
93%
*Do
pref..
88% 93%
79
Amer. Tel. & Cable...
80ia 821a
104
Amer. Tob. Co., pref.
99 100
4i« BrunswickCo
14
15
11)4 Chicago Gas Comp'y.
53O8
48
16
Chic. Junction Ry...
72
77
26
Citizens' Gas, E'lilyn.
88
88
73ia Claflin (H. B.) Co
105 105
43%
2d pref
lOOis IOOI3
148I4 Commercial Cable... 105
106
110
Consolidated Gas Co.
98
99is
33
22
103%
1 3 Os
Die.
& Cat.
Feed. Co.
May
86-% 4 90
86-% 4 90
60
De-
dayt.
mand.
4 84%-5 4 89-%
4 84%-5 4 89-%
13.
14.
15.
86-% 4'9b"""' 16.
86-% 4 90
17.
86-% 4 90
18.
85%-0 89%-90 19.
85-% 4 89-% 20.
85-% 4 89-% 21.
8
22.
85-% 4 89-%" 23.
84% 5 4 89-% 24.
4
84%
84%
4
84%
4
S.
4i-9
189
489'""
84-% i88%-9
S.
4
„
*day
60
De-
dayt.
mand.
25..., 4 84%-5
26..., 4 84%-£
27..., 4 85
28..., 4 8.5-%
29..., 4 85-%
4 88%
4 88%-9
4 89
4 89-%
4 39-%
H.
30...
31...
4 84-% 4 88%-9
4 84-% 4 89-9
Open 4 86%
4 84-% 4 88-%
High. 4 86%
4 84-% 4 88-%
Low., 4 84
8.
Last., 4 85-%
4
90
4 90
4 88
4
89-V
IMPORTS AND EXPORTS FOR APRIL.
IMPORTS.
OUSTOUS DIS-
April,
TRICTS AND
PORTS.
Jmporu.
1891.
Export*.
10 monthi fndiTig
April SO.
1881.
1890.
EXPORTS.
10 months ending
AprU30.
1891.
1890.
265
110
47%
102%
15% 19%
2214
55%
40
pref..
•Metropol. Trust Co.
National Cordage
Do
pref..
Champl'n.N.Y
2ae,S63
Charlest'n, 8.C
4H,(j84
ChicaBO.Ill.... &1.125,647
anclnnati.O.'
Detroit, Mloh.
180.793
2,312,046
80,(J0(J
2,989.883
911.475
12,828,027
421,481
2381,288
1,373,708
88.247
£24,662
1 I4,78u
I.v83,f6fl
2611 ,&;6
Duluth.Mlnn.
GaWest'n. Ter
Mllw'kee.Wls.
Mtnn's'a.Mlnn
Mobile, Ala...
New Orl'ns.La
New Yort.N.Y
43.373
117,4B9
50.453
Niagara. N.Y..
Norf'k,&c.,Va.
S11.8t)3
37,264
174.188
182,664
Philadel'a, Pa.
6,854,96^)
128,1)57
Louls.Mc'
San DlegcCal.
8t.
am
703,982
48,806
91,U38
47,729
3,164.378
438,857
3-ZU.»-i5
76,431
18.144
San Fran., Cal. 6,876,b75l 4,121,838
Savannah^Ga.
Vermont, vt.
Wlllamette.Or
Wllmi'g'n, N.C
Totals,
olndlng
l."79,087
2,576,818
22,926
328,516
63S.689
1,023.184
91.918
1,196.188
81.576
79.447
3,208,Bt)8 9,417,826 14,848.223 12.142.041
48,448,391 29,644.853 452.611.875 421.705,101
6,177
Oregon. Greg..
Oswega'le.N.T
OsweKO, N.Y..
Portld.&c.Me.
7»8,()«2
2,976.838
5»1.49U
11.687,4ti5
88.722
1,221,866
448,182,
271,434
2(j3,646
713,005
34,232
68,323
'
8,051,291
3,4:17,516
75,04b
7B.H60
304,203
1.253.573
3.280.697
43,018.723
527.955
8.563.967
105,>'43
1,6 16,08;
2,855.818
45,396,865
636,312
3.147.224
445,202
42,979,690
420,089
4,270,003
941,056
203,717
1,«36,C41
21,082.471
1,360,770
1.398,386
13,498,433
1,987,183
3,937,745
6.041,495
1,133,937
1,286,986
33,613,315 24,107,18*
10,283
38,648
1,246,»36
1.287,03(>
3,277.818
8,151,91s
99,199,449 102.991.066
291.278.889 290,804.896
t39,299
t71,524
15.796,840 13,982,398
798.537
1,399,695
1,465.692
1.877,884
1.165,86a
954,69»
27,665,167 31.079,221.
2.686,001
2,894,610
a,j5,6i«
328.868
228,869
41,183.934
480,365
5.733.392
762.533
137,061
84.U7.211
81,818,385
29.918.098
1,718,141
2.H2I.903
6.698,966
31,841,855
2,552,772
4,245.903
8,866.636
(Inall
oth'r Dists.) 81,289.686 70931,519 699,438,344 643.737,427 768,848.612 747,860,706
Remaining In warehouse April 30,1890
$30,503,921
Remaining in warehouse April 30, 1891
27,678,999
* Interior ports to which nuerchandisc can be transported without
appraisement, under act of June 10, 1880.
f Incomplete In the absence of law providing the means of collecting
the fctatistics of exports to adjacent foreign territory by railroad cara
and other land vehicles.
MERCHANDISE.
99
Bt. L...
Manhattan BeachCo.
19
Bsltlmore.Hd. 8,666,841 5.814,570 15,737,060 10.691,515 56,079,935 64,007,88*
Boat. A Charlest'wn.Mass 8,839,71? 6,794,306 67.648,090 49.014.461 65,116.306 60,606.580
BuffaloCk.N.Y
268,806
26.842
4,441,306
4.85U.832
579.517
481,331
44>s
Edison Gen. Electric.
67% Laclede Gas,
291*
Do
49%
33i8
260
Mining...,
Tenn. Coal & Iron
IO6I4
514
40
290
39
Do
82% Standard
28
20ia
4ia
2dM.
78%
21%
I514
1134
13is
221a
65ia
T. ex.
pref.
Wisconsin Cent. Co..
231a
371a
35
12 »8
75
101
33
De-
mand'
9% 11%
I918
I4J4
73i«
2378
12is
60
days.
:
25
91
28
1.... 4
2.... 4
3....
4.... 4
5.... 4
6.... 4
7.... 4
8.... 4
9.... 4
10....
11.... 4
12.... 4
81a
96
9
30
55Js
IO8I4
May
225
145
83
7%
3
97
96
BANKERS' STEBUtNO EXCHANGE (POSTED BATES) FOB MAT, 1891.
Express.
821a
pref..
Do
Do
Do
7
75
16
128
21
82
Minneapolis Abt.L..
&
61s
514
8I4
Do
pref..
Kanawha & Mich
Keokuk & Western..
Lake Brie
14
Do
61%
12I3
671a
|
3213
Union Pacific
Union Pao. D. &. G...
I5II2 Unit'dN.J.ER.&Can. 225
29Js rtica & Black Elver. 145
96
55
pref.
36
|
|
The Bureau of Statistics has issued its detailed statement of
13% 15%
16
19
the foreign commerce of the country for the month of
44
44
80
80
April, 1891 and 1890, and for the four and ten montha
15
I514
42 la 521s ending April 30, 1891 and 1890. as foUows
19
23%
IMPORTS AND EXPORTS BY PRINCIPAL COSTOMS DISTRICTS.
.
Do
74»8
111%
I
IS MAY,
Lwjo Hiah '
Tenn.newsett.68,sm'11.101
101
Do
5s
IO214 102i*
Do
Ss
70
71
Do
38, small
.
69
69%
Virginia 68 det. bonds
8%
8%
Do
stamped
7
7
daily posted rates for 60 days and demand sterling,
exchange in May are given below, it being understood
that bankers' actual rates are usually a fraction below the
prices posted:
93^8
107 58
28
CoLHoclt.Val.&Tol.
Delaware & Hudson. laoig 1361s Wabash
DeJL Lack. & Western I34I2 140^4
Do
pref..
Den. & Bio Grande.
17
19% Wheel. &L. Erie
Des Moines & Ft. D.
*DuI. S. 8. AAtl
44
39
SS^s
8214
91%
60
92
145
26
35
18
68
1091b
3218
11
631s
85>»
134
73
291a
211^
32
19
Borne Water
1
The
mqh.
63I3
60
I5OI3 152
34
35
1821s 185
151a 181s
68I4 73
Rio Grande Western.
8
I'ZW
IS's
221a
I8J4
3078
15»8
Bead, certs.
Cm. C. &St. L..
79''e
123
Chic. Mil.
140
101
Zoic.
&
Phila.
32ii
2d pref.
Chlcajro
Alton
Ohio. Burl.&Qulncy..
&
fs,
77
25
76
45
do
do
34%
28Ja
iBtpref.
M. K.
RANGE OF STATE BONDS
Low High.
Class B
108% 108%
Arkans's.6s,-'Holford" 7
7
No. Car. roue., 1910 48. 69% 101
80. Car. 6s, non fund..
3
3
6s Brown coneol
97
98
Tenn. new 6ettlem't6s.l01
102%
Alabama
following table shows the highest and lowest
prices of railway
LVou LIL
For
290
94
103
5%
290
104
110%
19^
41 14' 'National Lead Trust
I714
230 231
National Llneeed OIL
38
4014
18ia
21% North American Co..
147g igi^
18i8
15%
Oregon Improv. Co..
27% 32%
7is
8% Pacific Mail
33% 39%
28
3314 Phi'. Co., Nat. Gas....
24
21
16
16% •Pipe Line Trust
66%
721%
5II4 561s Pullman Palace Car. 180
189
28i8 Silver Hullion certs..
23
98% 100
66I4 731a Tex. Pac. Land
Trust
17
19%
18
1914 United States Tiust. 809
809
16
1714
Western Union Beef.. 10% 10%
67is 77
Western Union Tel..
80
82%
•
Unlisted.
X Ex dividend.
The range of Government bonds sold at the Stock Exchanee
°
In May was as follows:
Ihe
month of
40
5%
April.
For the 4
For the 10
Months endeo Months ended
Api it 30.
April 30.
1891.—Exports— Domes tie
$69,806,113 $299,816,978 $759,452,643
1,125,43b
9.395,899'
3,935,205
$70,931,549 $303,7.^2,183 .$768,848,542
81.269,686 287,168,170 699,438,344
Imports
$16,584,013 $69,410,198
Excess of exports over imports
Excess of imports over exports $10,338,137
Foreign
Total
$62,310,292 $277,822,087 $736,761,977
4,016,124
10,508,729
1,213,023
$63,523,315 $281,838,211 $747,260,708
71,902,140! 265,554,570 643.737,427
Imports
$16,283,641 $103,523,279
Excess of exports over imports
Blxoess of imports over exports $8,378,825'
1890.—Exports—Domestic
Foreign
.
Total
'
GOVERNMENT BONDS.
4%*, 1891
4%*, 1891,
rtg.
ppenlng..*l(0
Highest..* 100
Lowest ..'100
Closing..* 100
lOl'
•101
*101
*101
4», 1907,
reg.
120%
120%
119
119
i», 1907,
*a119
118%
118%
4»,
1907, U, 1907
coup.
*121
•121
»118
'119
J
coup.
11868
llt»8
118%
11858
stamped interest paid.
J Ex coupon October. 1890, January, April and July, 1891.
The following highest and lowest prices are from actual
sales at the New York Stock Exchange:
t
GOLD AND SILVER—OOIr? AND BULLION.
1891. -Exports— Gold— Uom. . $14,143,116 $23,078,409
979,835
20.000
Foreign
«14,163,llb $24,058,244
Total
$4,943,966
Silver- Dom
$1,417,937
2,461,392
674.681
Foreign.
$7,405,358
Total
$2,092,618
$16,255,734 $31,463,602
Total exports
$233,318
Imports— Gold
$2,810,710
830,9 5b
BUver
4,1 76.240
$l,0d4,271
Total
$6,986,950
Excess of exports over Imports $15,191,463 $24,476,652
Excesg of importa over exports
$38,610,072'
1,350,390
$39,960,462
$13,004,004
7,094,414
$20,098,418
$60,058,880
$17,750,958
15,798,827
$33,o49,J85
$26,509,095.
Mat
THE CHKONICLK
80, 1891.]
ror (As
moHih of
ApHl
1800. —Exports— Gold- Dora.
FurolKK
Total
•e60,<lfl4
•9,730.imi
3HU,471
»i,0S2,3»5
• 13,'^,M..'>U5
«l,fiO3,044
•.22.070.3 10
.
BU ver— Doni.
.
1,165,732
ForelKD
Total
"f2,658,Y76
Total exports
»3,711,131
Imports— Gold
euver
Total
exports orer Imports
Bxcess of Imports oyer exports
xoesR of
fV>r(A« 4
Forlhell
UonthM ettrted 3!ontH»etul4d
April UO.
April SO.
•478,363
1
,573,402
*2,031316
$1,659,316
3..^2.^..^l4
10.4l.VOI6
• ll,232,84V
•d2,4!16,3tt4
(19,373,680 •45,739,^69
$1,637,056 • 18.?7(l,(il0
6.306.291 _ltl..'M)().H<H
•0,948.846 »2(i,S7.t..l 1
96,480,834 •16,860,458
TOTAL MEBOHANDISa AND OOQI AND BCLUOH.
1881.— Exports— Uimienuo
$8.^,367,166 •327.>43t>.3.t3 •sil.l»()rt.7l7
17,H»().705
ForetKD
1.820,117
7.370,433
Total
$87,187,283 $335,21.5.785 (HZH.'.n)7.i'22
^:i2.iM8,129
Imports
82,33 3,957 294.155.120
Excess of exports over Imports • 1,853,326 •41,bo0.665 •95,019,293
Excess of Imports over exports
1890.— Exports— Domestic
•64.483.220 •287,002.524 $768,553,317
2.751.226
10.201.367
24.447^258
•67.234.446 •297,211.891 •7w3.0i)O.!\75
Imports
73.953.055 275,497.91 R 672.610.83^
Excess of exports over Imports
$21,713,975 •120,38;i,737
Excess of liuportH over exports' $fi. 71 9.509
Foreign
Total
81»
ThuHilver mirkct
bfcn utterly Uf«laM until ycatcrdsy
44^d. per
ounce. For the time being there v/an no denwnd for India,
the British mint, or any Continental country, and tlie mArkM
lian
nfU<rii(>on,and on Wedneitday the price declined to
therefore
was entirely under the influence of
New Yark»
Yesterday, however, Japanese buying raised the price to44^d.
per ounce.
At the end of last week a run began upon some of the bank*
in Lisbon, but close as is the connection between that city and
London nothing was publicly known of the run here until
quite late on Saturday afternoon. The Lusitano Bank, which
was most especially attacked, applied to the Government for
power to postpone liquidating its liabilities for six monttui ;but
the Government refused and the Bank had to suspend. The
Government then issued an order authorizing the banks to
pay their deposits in silver, and as that did not allay the panic
it issued a subsequent decree postponing payments for 60 days.
The crisis originated in the discredit of the banks, caused by
the break-down of railway and house building, and by the
Trade ie
large advances of the banks to the Govemment.
utterly depressed, multitudes of working people are out of employment, and gold has been drained away to London and
Brazil.
Perhaps, however, the real cause of the crisis in Portugal i*.
Govemment. For many years past it
has paid interest on its debt only by borrowing abroad, and it
has piled up at home a large floating debt. The total debt
the difficulties of the
[From our own oorrespondeot.]
amounts
London, May 16, 1891.
The directors of the Bank of England on Thursday raised
As the
their rate of discount from 4 per cent to 5 per cent.
rate had been advanced from 3^4 to 4 per cent only a week
before, and as besides in the interval the Bank of England
had been charging 5 per cent to all but its regular customers,
the market was quite unprepared for the rise on Thursday, and
for a little while a bad impression was made. It was said
that the change would not have been made so soon were it not
that the directors were aware of difficulties unknown to the
general public. All through the week there has been an abundance of alarmest rumors. One important firm was said to
have lost heavily in consequence of the failure of a Parsee house
in Bombay, and to have locked up an inconvenient amount of
Another
ita capital in railway building in Spain and Mexico.
house even larger still was reported to be in difficulties because of its lock-up in bonds of the City of Rome and other
Italian securities, and a third house was talked of in connection with the crisis in Portugal.
As far as can be ascertained the rumors are grossly exaggerated. There is no doubt that all three houses have locked up
an inconvenient amount of their capital, and it is possible
that they may have incurred several bad debts but the best
informed are satisfied that they are perfectly solvent, that
their good assets largely exceed their liabilities, and that they
Anwill have no difficulty in meeting their engagements.
other rumor which disquieted the city was that the Lusitano
Bank, which failed in Lisbon at the end of last week, had
drawn largely upon houses in London and Paris, and that the
houses would be embarrassed in taking up their acceptances.
It is said, however, on vOry good authority that the London
;
in
round figures to about 150 millions sterling, which,
at 3 per cent, involves a charge of about 4>^ millions sterling
annually, and the average revenue of the past six years i»
only about 8 millions sterling, so that the charge for the debt
exceeds half the revenue. Early last year a loan was brought
out in Paris and utterly failed, then the Govemment got aocommodation from the Messrs. Baring Brothers but when
;
Messrs. Baring had to apply for help to the
the Portuguese
of the
Bank
Government was
to re-pay £800,000
called
due by
Bank
upon
it
of England
by the Governor
to the Messrs. Baring,
and there were other liabilities in London which
upon to meet. Its agents endeavored in vain
it
to
was
called
borrow a
couple of millions here, then they applied to Paris. At last
they arranged for the sale of the Tobacco Monopoly, perhi^M.
the most valuable asset possessed by the Grovernment but itt
spite of the security the public in France and Germany did
not subscribe, and practically the issue had to be taken up by
;
the syndicate. The break-down of Portuguese credit spread'
alarm in Lisbon and Oporto, and appears to have been the im-mediate cause of the crisis.
Just before the crisis began Portuguese bonds were quoted
here about 53}^. and on Tuesday they were as low as 87J^.
Since then, however, they have recovered to 43}^ for on
Wednesday the great bankers in Paris entered into a combination to support the market. It is hoped that for a while at
but there are serious appreall events the trouble is stopped
hensions entertained by the best informed that the crisis will
break out again, and that not improbably there may be a revolution.
There are also fears that Spain may be entangled
;
;
and if so there is much anxiety respecting
what may happen in Paris. Portuguese bonds are held very
largely by investors in this country, as well as in France, but
houses refused to accept, knowing the position of the Lusitano it is believed that the financial houses here have not so seriBank, and fearing a crisis in Portugal. But it is believed ously locked up their capital in these bonds, whereas it i$
that there are many acceptances in Paris which may cause known that several banks in Paris are heavily loaded with
embarrassment. Over and above all this the banking dis- them. And as stated above there are also grave doubt*
credit in Paris and the loss that has been occasioned by the whether difficulties may not arise out of the accommodation
fall in Portuguese and Spanish bonds excited some apprehenbills which have been drawn in large numbers both npoa
sion there.
London and Paris.
But probably the principal reason why the Bank rate was
The Portuguese crisis, with all the apprehensions it excites,
advanced on Thursday was the necessity for making prepara- the hitch between the Russian Oovenmient and its financial
tions to send gold to Russia. The general estimate here is that agents in this country and upon the Continent, and the rise in.
during the next two months the Bank of England will have to the value of money, have all caused a great depression in every
repay to the Russian Government a million and a half sterling department of the Stock Exchange. During the week there
in gold and that Messrs Rothschild will have to send about as was a fall of about % in consols Indian and Colonial stocks
much more. It is hoped that the rise in the rate will retain have likewise given way British railway stocks have faUea
in London the gold that is coming from New York, and that from 1 to 3, and in one case, the deferred stock of the Londoa
therefore the Russian demand will be met without drawing & Brighton Company, the faU has been as much as 8 white
upon the stock in the Bank of Ejigland. There are also hopes in inter-bourse securities there was on Monday and Tuesday a
that gold may be attracted in considerable amounts from the semi-panic. In one day Portuguese fell 6 and Spanish 4. The
Continent, from South America, India and elsewhere. But American market shared in the general depreciation but a*
it is evident that Germany and France will do what they can
New York bought readily all the stock that was offered here,
to stop gold withdrawals. The Imperial Bank of Germany the decline in American securities was proportionately leas than
yesterday raised its rate to 4 per cent.
in most other departments, with a few exceptions. The alarm
in the difficulties,
;
;
;
;
•IHE CHEOJSlCLfci.
820
that has been excited, however, has tboroughly discouraged
operators, and it is doubtful now whether there will be as
much speculation here in American securities as seemed
probable a little while ago, even if confidence revives and the
-advance in prices in New York is resumed. There is very
great uncertainty respecting the future of money, there is
wide-spread distrust and there is grave anxiety respecting
•what may happen in Paris and Berlin. Such being the case it
is hardly probable that the public will venture to increase its
[TOL. LII.
Silver— For a day or two after our laat, silver remained In a weafe
condition, at 4'l%d., and tlien gradually gave vr.iy until 44i4d. was
quoted yesterday. At this figure there were a good many inquiries,
and business at an advance was reported. The same price is again
quoted to-day, but there is nothing offering, and the market is steady
Intone. Arrivals: New York, £21.000.
Mexican Dollars— Mexican dollars are nominally Id. under bar silver,
but the last business was at 43»8d. Arrivals: From New York,
« 11.000.
The quotations
GOLD.
London Standard.
for bullion are reported as follows:
May 11.
risks very largely.
d
s.
SILVER.
May 7.
London Standard.
d.
s.
Bar gold, flne
oz.
Bar gold, coutaln'g
77
m
20 dwta. sliver. .02.
8p«n. doubloons .oe
77
lOH
that exceptionally favorable weather
of the damage to the crops that now seems
inreparable but unless the weather is more favorable than
can reasonably be expected, it is still the general impression
that all over Western Europe the harvest will be both late and
deficient.
Indeed, unless there is a good deal of rain as well
compared with previous seasons
course
may
it
possible
is
repair
much warmth,
sliver
77
lOH
ing 5 grs. gold. .oz.
Cake silver
Mexican dols
The following shows the imports
Kingdom during
Wheat
oz.
May 7.
d.
UH
HH
im
45X
48K
43«
Bar silver, contain-
much
;
OH Bar
S. Am.doubloonfl.oz
CTnited
11.
d.
At the beginning of the week there was a sudden and very
favorable change in the weather. For two or three days the
heat was unusual for early May, and hopes were excited that,
after all, the crops might not turn out to be so bad as previously
had been feared. In the middle of the week the weather
cooled, and since then there have been some showers. Of
77
May
owt
Barley
Oats
Peas.
Beans
Indian corn
ozoz.
47«
43«
of cereal produce into the
the thirty-six weeks of the season
:
IMPORTS.
18S9-90.
1890-ni.
1S88-S9.
38,.'>19..'551
36,501.232 42.729.353
13,397,232 11,553,340 14,015,258
9,715,687
8,423,471 10,207,429
1,409.8.53
1,379,843
1,781.727
2,433,071
2,057,232
2,217,128
19,147,801 26,613,454 20,063,422
9,880,896
11,685,361 12,313,850
1887-88.
31.509,520
13,728,294
10,477.840
2,262,065
1,882,172
15,088,114
13,430,256
probable that the green crops will suffer Flour
severely and there are fears that on the Continent the beet-root
Supplies available for consumption (exclusive of stocks on
crop likewise may be bad. If the agricultural year is as un- September 1):
1888-89.
1887-89.
1889-90,
1890-91.
favorable as it now threatens to be, the consequences to the fmportsof
wheat, cwt. 38, 519. 551 36,501,232 42,729.353 31,509,520
9,880,896 13,430,256
11,685, 3(14 12,313,850
stock markets will be unfortunate. In France, for example, Imports of flour
Sales of home-grown-28,027.690 35,609.100 26,553,004 30,048,343
not only will the peasants raise much less produce than they
78,232,605 84,424,182 79,168,253 74,989,119
Total
usually do, and therefore receive less money, but also the
1837-38.
1888-89.
1889-90.
1890-91.
general public will have to import from abroad unusually
English wheat, per qr.—
31s.
5d.
295.10(1.
4l9. 41.
3l5. 7d.
large quantities of food. There may in consequence be such Average price, week
303. 3d.
313. 3d.
308. Od.
Average price, season. .33s. 7d.
shipments of gold to pay for the imports as may tell upon the
The following shows the quantities of wheat, flour and
money market, and at the same time the peasants, who are
maize afloat to the United Kingdom:
the thriftiest class in France, will have smaller incomes out of
1890.
Last week.
This week.
2,-366.000
2,168,000
qrs. 2,510,000
Wheat
which to save, and therefore to support the Bourse.
267,000
448,000
Flour, equal to qrs. 370,000
The following return shows the position of the Bank of Maize
056,000
391,000
ars. 323,000
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years
Ensllsli Financial Blarliets— Per Cable.
as
it is
:
1890.
1891,
May 13.
£
1889.
May
U.
3fav
*
1888.
May
15.
£
16.
£
Ctwnlatlon
Public deposits
84.948,830
6,215.191
24,823.125
21,671,280
10,311.120
24,.'i0S,S05
6,026,233
Other deposits
Government securities
Other securities
30.131,8;9
S!8,337,870
28.233,036
23,773.220
9,941,883
15,605,988
21,005,690
16,052.887
17,055,117
6,026,396
2.5,936,427
19,173,94 6
13,6;6.011
22,049,136
11,468.815
11.368,9^8
Coinand
22,810,075
19,667,273
37«
Consols
95%
42
3
98 1-16
146,559,000
12«.646.000
31,971,551
12,445,171
20,944,301
builion
F^op. assets to iiabilities.twr ct.
34
Banit rate
*5
per ct.
Beserve
C.earinfr-House returns
May
•
The
2)i
99 3-10
176,371,000
167,887,000
14.
rates for
money have been
«
as follows:
Interest atlowtd
for deposits by
Open Market Batel.
Bank
Trade
Bills.
Bills.
Wu
Diic-t
Joint
Four
Six
At 7 to 14
Stock
Mnnths Months Months Months Months Months Banks. Call. Days.
Four
Three
®—
-
2
2K®
18 3V( SMe
3^®
25 3H 35«® - 3H&
1
8 4 3%®4 1
Apr. 11 8
"
May
-
Six
Ihree
2«®- 2ii@3
- 3Ha - 3^@4
- sa® - 3«a4
3«®- 3J<®4
m SH&- 3M®@ - ® - ®4J^
ZH®S'A
3
S)<@4
3v^®i
3ii®i
4
3H®4
4
® —
®S}4
®m
The daily closing quotations for securities, &c., at London,
by cable as follows for the week ending May 39:
are reported
London.
3Ion.
Sat.
Tttes.
Wed.
Thurs.
FH.
44I4
4414
4414
445,,
d 44%
Silver, per oz
9518,,
afl"i«
95 Hj
95=8
Consols, new, 2^4 percts. 9511,,
95.'i8
95'.
951»,8
9511,,
951a
95%
6
95-i«
do for account
94-40
94
94-25
-3215
94-15
91-00
93-85
linl'ai'islfr.'
Fr'ch rentes
1102
102
102
102
102
102
U. S. 4i2S0f 1891
120% 1201(1 120'a l-20ia I2OI3 I2II4
U. 8. 4s of 1907
79 12
79%
79
79%
79=8
79%
Canadian Pacific
06I3
6578
66 1*
65'8
65=8
Chic. Mil. &St. Paul.... 655b
101
101
101
101
101
101
Illinois Central
112
112
11213
1121a
113
112'a
Lake .Shore
7678
78%
79 12
791a
791a
Louisville & Nashville.. 7778
7434
74 14
7414
7414
7H4
7414
Mexican Central 48
103i« 103
103
1021a
1021a
N. Y. Central & Hudson. 103
2078
20%
2II4
21
21
2l->8
N. Y. Lake Erie AWesf u
100 19
lOOia
100
100% IOOI4 100
2d cons
do
53-'8
53%
54
14
.537a
54M
Norfolk & Western, pref. 541a
7II4
70%
70%
711a
71'a
Northern Pacific, pref... 70%
51 14
5II4
5II4
5114
51%
51%
Pennsylvania
I6I4
1658
161a
16%
16%
Phiiadeiphiai Reading. 17
48I4
48
471a
48
>4
481*
14
48
Union Pacific
23
22 14
2214
221a
22
221a
Wabash, pref
44 '4
iH-m
2
2
2
2
i'AiH
2M~3M
2
2
2
2«
2«-2J<
231 3
-3
2%
-3
Imports and Exports for the Week.— Tlie imports of
week, compared with those of the preceding week, show
nierchan'Iise.
S The Bank rate of discount and open market rates at the an increase in both dry goods and general
The total imports were §10,421,158, against §10,91«,040 the
chief Continental cities now and for the previous three weeks
preceding week and §11,536,802 two weeks previous. The
have been as follows:
exports for the week ended May 36 amounted to $6,078,373,
against $6,794,146 last week and $5,831,657 two weeks previous.
May 15.
May 8.
May 1.
April 25.
The following are the imports at New' York for the week
itates 0/
ending (for dry goods) May 21 and for the week ending (for
••
•'
15' 6
4«®>
Interest at
4
4
- 4«® - iH®-
Bank
Open
Rate. Marker
5
®5}4
4
®4>4 4
5
®6H
Bank
Open
Hate.
Market
2H
3
5
,
®iH
®5^
Bank
Open
Bank
Open
iiate.
Market
Hate.
Afarfcei
Paris
Berlin
s
4
2%
3H
3
8
Hamburg
3 liom.
3 noTn.
3
m
3
Frankfort
3
8
3
2H
8
Amsterdam
3
3
8
Brussels
3
4
2«
2«
3
2H
tiom.
4
no»i.
3
4
4
SH
4
3i<
4
3
5«
3«
35<
3-K
5«
3H
Madrid
Vienna
St. Petersburg-
Copenhaten....
3X
3
3M
3
i%
2H
2H
e
25«
noni.
3
3
2H
2«
3
3)4
3
3
SH
m
3
2H
4
4
nom.
3H
3H
SH
6«
»H
&
SjMessrs. Pixley
Abell write as follows:
Gold— The demand for gold continues, but the Bank of England will
probably recclve^ill arrivals, as they are now the best buyers, having
raised their liuying price for Eagles and coin of the same fineness
to
/Bs. (5d. per ounce
iJurlng the week the Bank has received £51 ,i)Oi)
chiefly consisting of gold coin fiom the States, and has sold je7l
000
^,cw York, i;,M)], 000: Australia, £143,000; Elver Plate.
irVJ'J.l^A
*ia4,000; Natal *22,000; total, £890,000.
1
last
May S3
in January.
general merchandise)
week
of the first
;
also totals since the beginning
FOREION IMPOSTS AT
Jp-or
Week.
to 222 0S2
Dry Goods
Qen'l mer'dise.
Total
Since Jan.
1888.
NEW YORK.
1889.
$1.3-27,886
'6;9U]520
5,702,126
$9,138,602
$7,030,012
$56,625,062
140,426,938
$59,537,294
1890.
IS91.
$2,431,000
7,474,673
$1,744,438
8,076.720
$9,905,678
$10,421,158
1.
Dry Goods
Qen'l mer'dise.
146,73S»,-^00
$63,520,873 $52,341,113
151,054,7011 171,033,916
Total 21 weeks. $197,052,000 $206,276,494 $214,575,574 $223.375.029
In our report of the dry goods trade will be found the
imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending May 26 and from January 1 to date :
May
THE CHRONICLR
80, ISOl.]
XPOHTC FBOM NEW TORK VOB THB WBIK.
For the woek..
Pnv. reporled.
The visible supply of grain, oomprislag th«stoolailaxnuiar)r
at the princinal pointa of accumulation at lake aad whcwrd
pjrta, May 23. 1891:
1898.
1880.
180O.
$5,645,102
114,889,605
$6,001,616
134,940,864
1
$fl.07H,37.<<
i3-i,Uio,340
laa.HUd.iai
1801.
$6.643.04
tM>121 weekn. $120,834,797 $141,002,610 $ia».ae8.8»8 $ui,9i4,9oi
shows the exports and iin|>ort8 of upccie
at the port of New York for tlie weelt endinf{ May 23 ami <iiice
Jan. 1, 1801, and for the corresponding periods in 1890 and
table
188»:
BXPOHTB AWB IXTOBTS OF BPEOtB AT
mw TORK.
JCjjmrlt.
alliwt
AlbMiy
BafUo
fimoMO
MIlwiMtkea
1,543.263
3,810.778
119,182
Dttlath
2,.553,4K2
Toledo
123.719
113.051
30.000
268.519
98,316
5,000
2,544
76.724
349.207
60,200
28 824
44,3 >7
120.321
184.457
4,961,0J3
OeweRo*
Imports.
St. Ixiol*
Week.
Great Rrltata
Friiiico
WeMt
471.390
185,000
Detroit
Gold
Iiidtea
Sliue Jan. 1
$6,550,000 $22,766,411
9.100,5S3
500,000
13,5^0,377
9.000
1,812,179
$34
$2'i8,oi»6
32(t,7M 1
17.464
5j(I,S37
7,21(0
4.5((0
22,1.').%
1,304,175
22,300
2.709
5,400
01.232
317,o:,8
$7,060,230 $48,669,225
51.000,
3.017,511
4,078,32»! 10,337,980
$30,157
$1,53«.0.">6
5rt7
4.0r)5,317
206,759
3.224.323
South America
630
All other couutrloa..
Total 1891
Total 1890
Total 1889
Week.
Since Jan.l.
ErporU,
Do
afloat....
OtnolnUktl
Soeton.
Toronto*
Vlontreia
Philadelphia
PeorlA.
tndlanapnlta
Kanaaa
Ity
(
Baltimore
Mlnneapolia
On MIsulMlppl
On LakOK
On oaoai <b
Com,
Oatt,
My9,
buth.
buth.
»uM.
87,602
6.56.712
Wheal,
b^uh,
In ttort at—
.^•wYork
Do
The foUuwiuf;
821
river.
980,663
2,352,CO0
*«fiC
9.»8<t
4'k..500
27,400
434.310
1,414,613
29,600
32,900
184 405
727.H76
3,572
3,121
73.607
«0,27«
7,500
35,664
103.318
37,003
«baM
ajon
ftl.«9t
1,846
17,245
61,277
'.'.'.'.'.'.'.',
'"i.iib
1,627
8,797
40,0((o
10O,«l0(i
383.453
2(07,266
2,171
33.000
05,630
'28.000
.."'".'
74,995
47.123
189.291
21^.874
5,03?
72,863
38,880
26,500
98,974
61,569
3.543
'i'i',o66
3.351
104611
23,508
7,783
29,314
27,987
21208
'2',i'«l>
7.0 '0
91,727
1.211
16,926
1,310.677
16u,000
7,323
I'oai^bS
638,070
56,200
_
Importt.
29,300
15,500
Sileer.
Week.
Since Jan.l.
Week.
Si)ueJan.l.
May 23. "Ol.
317.,50.*
May
May
62n,3»9
19.291,735 4.491. 59". 3.533.031 321.492
Miiv 16. '91. 19.243.142 3.480.8113.071,765 391.400
21. '90 22.4^8.001 11.07M.70 J 4.391.318
7(W,i0t
25. '89 21.3-t4.385 11.051.946 6.311.751 1.217. 6^'2
T»t.May 26, '8 j. 27,662,465 8,26>,36a 5,002.811 2tl6,123
Tot.
,550.727
rot.
Great Britain
Fraiu't'
$3 4° 000
,
Genu an V
West ludics
Mexioo
Bouth Aiuerica
"5,606
""206
$6,212,367
8.658.194
7,992,885
$7,899
216,291
42.857
"a,8iii
$43,421
33,54.->
738,406
»i93
212.566
43,000
289,696
74,735
All other countries..
Total 1891
Total 1890
Total 1889
Pot.
Tot.
$5,266,202
326,084
$2(>.032
.
111.478
141.783
350.942
3.224
$716.7.50
2.317.341!
707. SSI
Last week's atcoks.
—
Anction Sales. The following were recently sold at auction
by Messrs. R. V. Harnett <Sc Co.
Bonds.
S/iaree.
N. Y. and Brooklyn Gas Secarities— Brokers' Quotations,
GAS COMPANIES.
Bid.
GAS COMPANIES.
Ask.'j
I
Bid.
|
Aak
1
I
Brooklyn Gas. Light
Cltizeita' Qag-Llght
100
10.-.
IPeople's
BonilA. 58
ConH4tll(lsted
h^
KM)
m
170
DO
103
»»
iWilllarasbarg
Bouds, Os
lOH
Metro ^>oll can ( Brooklyn) ..
[Municipal— Bonds, 78
102
Fulton .Municipal
!lI8
Bouds, Bs
ItOO
[Equitable
;118
Bonds, 6s
105
Gas
Jersey City & Hoboken..
Metropoltt^n — Bonda
110
Mutiiiil (N. y.)
118
Boiiila, 69
100
Nassau (Brooklyn)
134
Scrip
100
11,1
120
102
6l3.5t'7
378,48»
4.282
(Brooklyn^
135
105
105
122
ins
122
t
11,8
iui
10 State Trust Co
$52,000 I>ly. &. Term, bonds
204
30 Standard Ga^ L. Co., pf.x87
of the Roch. Hour. & Lack.
8OI4
1-2
15 Jefferson lus. Co
RR. Co. (is. 1928
400 Ohio (.cut. KR.Co
115
$5,000 U. 8. (dement Co.con*.
Hondft.
Us, 1913
25
$5,000 Koob. Homells.&Laok
RR. 68, 1891
20
The following were sold by Messrs. Adrian H. Mullet
Son:
Shares.
10 Eqiilt. O. L. Co, of N. T. .110
$2,000 Mut.
N. Y., 10 per cent eert
200 Copper Queen Cous. M.
The movement of breadsturfs to market is indicated in the
ftatement below, prepared by us from the fibres of the Now
fork Produce Exchange.
We first give the receipts at
Western lake and river ports, arranged so as to presi>nt the
comparative movement for the weekending Hiy 23,1891,
and aince A.uitii8t 1, for each of the la!it three years:
&
Bnn'Is.
Fire Ins. Co. of
$500
Co. of liiHbeo
.$12 persb.
80 Mut Fire lus. Co. of New
York, scrip of '87
700
Dist. of Col. 3-e5g,
100
fund
lugrl024
11S>«
$1,000 N. Y. City 7s. Croton
25 Oerman-American Bank.120
Wat.Main.l900,MdcK.l'28>4&lnt.
50 I'ort Morris L'd .Si lm.Co.200
$1,450,000 Neb. & West. R>
1st, 58
1015
20 Nat. Broadway Bank. ..287
15 Hudson Iron Co. .22 per sh. $5,000 Cairo Vine. * CUlc.
2,583 Neb. & West. R'y Co. .500
K'y reorg. sur. receipt
$86
$.>()() Bait. & O. S. W. RR., 3d
2 United States Trust Co. .800
40 Slate Trust Co. ...205ia-20j
pref. income scrip
S^a
50 NlcaniKuaCaualCons.Co.
$10,000 Mobile Street R'y Co.
Ist. 6s. 1927
C. Trust Co. receipt
6>4
84H-64%
18 Merchants' Nat. Bank. ..150
$7,000 Sudbury & Northumb20 Irving Niit. Bank
erland Street UK. Ist, f«.. 60
191
29 Farmers' Loan ,& Trust
$7,000 Reeds Lake Eltc. R'y,
Co
725-726
(JoofO. Rap.. Mich.. Mbd.*. 56
100 N.Y. & Cuba Mail 88.C0.. 78
$1,000 4-Jd 8t. Man. & St. N.
5 Bank of Harlem
A.re. RK. Co. 1st 6s, 1910,
100
100 Am. Dock & Trust Co.... 25
Ill
68 Stateu Isl.Kap.Tr.Co,$2pcr8h. $500 Hurley Stone Co. Ist.fis.
189!',M&N,M«y'91coup.on 60
5 Ist Nat. B'k of Staten Is.l05>a
34 People's Fire lus. Co
60
$0,000 Unit«.l Eiec. Trae.Co.
.
.
I
[
BtetivU atr-
Wheat.
^lour.
Bbli.KxtUii BuilLffO
OkloaRO
17 503
MUwaukM...
a^.oso
Dolnth
e<),730
Ih-
155,59»
102.45C
3aa.»»o
Com.
Oau,
Ba^(l.5«l^
Btu)L.<l8Ui-
Barl<v-
Bu<h.4H
Rl/..
I^
Bu.
M
|
1'.
!
2.028.826
1.23-1.41H
4S,48S
25,2)1
88.580
78.800
83.800
19 238
|
1
90.705
..
...
!
Mlnneapolia.
Toledo
ess
Dotrolt..
1.810
.
GleTeland.
BLLooK....
619,000
91,158
48.790
11.897
24.981
4fl.81B
1.830
27,50C
Peoria
rs.sio
,
99.028
15.853
84,8«)
263.025
184.200
927
S.790
88.018
86.748
819,885
732
I
68
1.714
1.363
8.493
1.80
1.65)
MAS
|
I
•
asa.oot
100 N. Y. &. Cuba JIuil SS.Co. 12^
3(l-year68. 19211, J. & D.... 20
aOLawyers" Title Ins. .156-157
$2,!i00 Cresson A CIcarfleld
4 Tliurber,WbylandCo.,pf.l003s
Co. & N.Y. Short Route RR.
75
Co, Ist
I
Tot-wtW
183.096
1,43U,643
8.850,531
8.045,573
77.27T
48 201
<rk.'«o
atO.lltf
1.853.465
3.SU.2J8
3.516.776
vlc.'89.
175,055
903.793
4.18J.818
1,979.579
882.736
105,915
84.003
47.597
8,882,0-28
98,038.81S
Same
Same
8tnc« Aug.
1890-91
I88U-W)
I
188S-S9.
I.
.
81.397.443
78.918.886
87.913415 4.019,818
9.ftl8.6IO 105.7S8.03(- 140.571.710
75,719971
84.«tf3.03S
5.475.!«89
7.754 530
68,110.694
24,49'i.062
4,456.361
79.739.82i
99.012.302
—Meesr.9.
large
Winslow, Lanier & Co. will pay dividends on a
of securities enumerated in another column.
number
Below are the rail shipments of fl'jur and grain from
Western lake and river ports for four years:
1891.
'lour
bbls.
Wheat
busli.
Corn
Oats
Barley
Bye
Total
1889.
1890.
1888.
Week
Week
Weet
Jfay23.
159.629
i(oi/24.
Jfiy25.
175.031
Miy
491.665
502,735
893,619
30,012
244,901
29,8i»2
1,616,045
46.612
99,119
465,329
2^3,7^8
744,505
40.053
4i,l34
446,417
255.319
614.836
48.-79
26.071
1.917.925
3,078,525
1.578,754
1.392,122
184,527
l,00!t,8l5
Week
26.
2i52,329
THE MERCANTILE NATIONAL BANK
OF TUB CITV OF NEW
Capital,
WILLIASf
Wow York
Boston...
Portland.
Montreal.
PhlladBl
B«llim're
N. Orl'ne.
ir.News..
.
Com.
Bu>K.
BuMh.
137.531
135,439
522.397
47,914
203' 1 To
ttour.
Oai*.
aye.
BbU.
Siuli.
Butk.
16,024
56.122
33,429
THIRD NATIONAL BANK
OF THE ClXy OF MEW YORK.
4,668
Peat.
$1,00©,000
Capital,
£ut*.
4.835
250
J. B.
WOODWARD
36'.43'2
HENRT
I
BUrKHOirr.. Vle». P iw Hm>
AHt.C!aeMcr.
Jit
C^bler J. FHED'K SWEA8Y
Acoonnls •oUdted and careful alteotloa to the IntermU of Depositor*
UE.yRV CUAPIN.
i;79'2
l",0"7^5
5H,00(l
17.395
4. (80
40,015
20,74 5
32.949
Spencer
390
732
6,700
21,149
383,210
191,571
5,993
16,024
6,677
329,399 2,621,833
211,648
495,720
140,352
71,431
Trask.
BANKERS.
Noa. 18
ALBANY
914,770
President
Siunuit«ed.
H0,91.5
Rlobm'd
Xot.week.
B'm<- time
1>90...
I
V. LOTT. AuUtant Cubler.
ACCOlJ.'«T8 HOI.ICITBO.
The exports from the several seaboard porta for the w 64
May 23, 1891, are shown in the annexed statement:
Wheat.
I
JAMES
ending
£xporU
/rem —
VURIi.,
No. 101 Bfoadway.
$1,000,000 surpInaJc Proata, $05O,0OI»
FREDERICK B. SCHBNCK. Casbler.
P. ST. JOHN. President.
-
and 18 Broad
N. V.
ittreet,
N. V:
8ARATO(iA.
&
Co.,
Ifew York Oltv*
PROVlUK.SCa. K.
L1I
TKANSACT A OK.VKKAL B.ANKIKIU HI/MI MKtiM.
All claasea of Seenrltle.i Bousbt and Sold 00 Commtwloo. Special attenlkia
riTan to iDveument SecarlUn.
Bovlon and ducaco.
Olract wira 10 eacb wOloe aod to PbUadalphta,
THE CHRONICLE.
822
The following were the rates of domestic exchange on New
York at the undermentioned cities to-day: Savannah, buying
^a^tttje.
3;hje gatilijers'
New Orleans, commercial, 40o.
$1 00 per $1,000 premium: Charlespremium; St Louis. 93c. per $1,000
ton, buying par, selling
premium; Chicago, 80 cents per $1,000 premium.
selling
par,
per $1,000
DIVIDENDS.
Name of Company.
Cent.
Books Closed.
(Days inclusive.)
Payable,
'
premium
}4
;
premium; bank,
%
When
Per
[Vol. Ln.
United States Bonds.
were as follows
—Prices each day
theN. Y. Board
at
:
Railroads.
& Altany
Boston
&
Evansville
Terre Haute
June 30
June
June
June 12
1.5
Interest
May
May
May
May
May
33iastt;June
June 19
to
June 25
Periods
25.
26.
27.
28.
29.
June
June 13
to
June 22
100
101
119
117
118
'100
'101
*lo0
'100
2
(quar.)
(quar.)...
1^
Delaware* Hudson
Iflli«cellaiieuiiB.
United States Equitable Gaa..
to
to June
*As bonus with bonds to be purchased at 80.
and there has been a little disappointment over the
engagement of $3,850,000 for to-morrow's steamers. It is
believed, however, that the movement is near an end, and
•other topic,
those
who
are sangtiine look for a return of gold later in the
year.
In the meantime currency flows here from the West and it
looks very much as if there was less demand for money to use
in western real estate operations in cities. When the outlook
such that banks and other money lenders like to keep their
funds well in hand, they prefer call loans with good
is
collaterals
;
and
for
this
business
of
sort
there
no
is
other place in the country that affords anything like the
opportimities that
New York
As to-morrow
does.
(Decor-
ation Day) is a bank holiday, we have the usual weekly bank
statement to-day, and it shows a decrease of $3,836,900 in
loans, $4,098,100 in deposits, $930,300 in specie,
and an
in-
crease of $3,317,300 in legal tenders, all this resulting in an
increase of $3,811,535 in the surplus reserve,
$7,539,175, against $5,317,650 last week.
which
is
The Bank of Eng-
;
;
,
of 7,600,000 francs in silver.
The New York Clearing House banks in
May 28 showed a decrease in the reserve
their statement of
held of $1,530,600,
surplus over the required reserve of $5,217,650, against
$4,912,850 the previous ween. To-day, May 39, the statement
issued for this week shows an increase in the reserve held of
^1,287,000, and a surplus over the required reserve of $7,539,-
and a
175.
1891.
Capital
60,772,700
64,366,700
Bnrplus
Loans and
29.
dlsc'ts... 389,08'l,9O0
Circulation
Het deposits
.5,471,700
387,107,300
60,959,100
43,346,900
Bj>eole
liegal tenders
Beserre held
Legal reserve
104,3'^6,000
96,776,825
Bnrplns reserye....
1891.
May
1890.
23.
May
1889.
May
24.
60 ,772,700 61,062, 700
64, 366.700 58,464, 300
392 ,921,800 399,753, 600
3; ,448,400]
3,734, 300
391, ,205,400 406,357, 600
61 ,889,3001 75,930 700
41, 129,700 29,130, 000
103 ,010,000' 105,060, 700
97, 801.350! 101,589, 400
7,529,175 * 5,217,650
3,471,300
25.
60, 762.700
54, 801,800
412,,472.700
4,,0113,900
442, 425,800
82, 196,100
43, 655,700
125, 661,800
110, 606,450
15,055,350
Foreign Exchange.— The exchange market has hung from
day to day very much on the gold situation and the price
offered for American gold by the Bank of England.
The
rate paid having been reduced to 76s. 5>^d. per oz.,
the
gold exports fell off and sterling bills have advanced to 4
85
and 4 89 as bankers' asking rates. For the week gold exoorts
amounted to $4,600,000, of which $3,850,000 goes by tomorrow's steamers. Actual rates are: Bankers' sixty davs
|<«rii?|'^
demand, 4 88Ma4 88>^
cables,
g4 843^@4 85
;
;
Posted rates of leading bankers are as follows:
May
29.
Sixty Days.
Mme bankers' sterling bills on London.
Prime commerciaV
Documentary commercial
'..
Paris bankers (francs)
Amsterdam
(guilders) bankers
Prankfort or Bremen (relohmarks)b'nker8
Demand.
®4 8bH 4 89 ®4
4 83i3a4 83%
4 85
4 83
89I2
d4
83>4
5 21i4®5 20»8 5 181995 1719
40 340I18
94Tga95
reg.
Do stamp'd int. pd.
1907
Doex-cp
coup.
4s,
toJ'ly,'91
reg.
cur'cy,'96
reg.
cur'cv,'97
reg.
cur'oj ,'98
reg.
cur'3y,'9J
reg.
4014*40^,8
95%a95»s
'118Hi '•1181a
'ill
&
&
&
"loi
'118i3*U8>«
'IIT^ "117S!
•II7111
"liris
>100
>101
101
119
'xll8
•118
118
119 >4 '119
'IIHI4 '118
'111
111
111 ,*lll
'113
>113
113
IIJ
'115
115
115
115
117
117
117
117
*
'119
119
'119
&
119
*Tlil8 is the price bid at the morning board
no sai^ wa,s uaae.
(JoTernment Purchases of Silver.- -The Government purc bases of silver in the month to date are shown in the following:
cur'c.v,'95
68,
68,
6s,
6s,
63,
J.
J.
J.
J.
J.
111
J.
J.
J.
J.
J.
-113
'115
'117
'119
;
Ounces
Ounces
purchased.
offered.
Previously reported.
May 25
"
"
669.500
883,000
504,000
27
29
Local purchases
"Total in
*
The
month
to date.
local purchases of
Price paid.
3,623.092 $0-9715 « $0-9970
315..5O0 $0-97 iO ® $0-9736
2i)4.000 $0-«7a0 a $0-9750
120,0'.O tO-97
«
146,907
4,499.499 $1-9700 a «0-9970
each week are not reported till Monday of
the following week.
Coins.— The following are the current quotations in gold for
various coins:
Sovereigns
Napoleons
now X X Reiohmarks.
land rate remains at 5 per cent, which is considerably above
the open market.
In railroad affairs there has been offered by the Evansville
& Terre Haute a stock dividend of 833^ per cent to stockholders subscribing for 5 per cent bonds at 80 Nashville &
Chattanooga, it is reported, will offer $3,500,000 new stock
to its stockholders at 50 St. Paul, Ches. & Ohio, Rio Grande
Western and Canadian Pacific, whose April statements are
printed to-day, all make a remarkably good exhibit of net
earnings as compared with last year.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from SJ? to 6 p. c. the
average being 4 to 43^ p. c. To-day rates on call were 2}4 to 4
Prime commercial paper is quoted at 5J^@6 p. c.
p. c.
The Bank of England weekly statement on Thursdav showed
an increase in specie of £3,397,000, and the percentage of reserve
to liabilities was 40-60, against 35-80 last week; the discount
rate remains unchanged at 5 per cent.
The Bank of France
shows an increase of 13,625,000 francs in gold and an increase
May
1907
4s.
WAL.I,BTRKKT, FBIDA*. MAY 5*9, 1S91-5 P.M.
The Money Market and Financial Situation.—The exports of gold are still discussed more prominently than any
1891
reg.
4i«8, 1891. ,,..coup.
4ifl3,
Flue silver bars.. - 96%3
—91 3
Five francs
Mexican dollars.. — 76 a
Do unoommerc'l — — ^
a 4 85
-315 75 Peruviansols
— T4'a9
-3115 70
English silver.... 4 80 »
®i4 prem. U.S. trade dollars - 76 S
$4 87 'a$4 90
3 86 a 3 90
4 74 » 4 78
25 Pesetas
4 78
Span. Doubloons. 15 55
Mex. Doubloons. 15 50
par
Fine gold bars.
—Sales" of"
State and Railroad Bonds.
week have included $7,000 Ala.
class
B
—
9714
— 95
— '77
— —
—76
4 87
78
—
State bonds this
at 108}^; $57,000
Carolina 6s non-fundable sold on Thursday at 8
N. Carolina 4s ICOJ^-lOl
$4,000 Tenn. sett. 3s
$1,000 do. sett. 6s 102 $5,000 Va. 6s def. at 7.
Railroad bonds have not been very active this week, but a
few leading bonds have improved in price. Chic. & Northern
Pacific 5s sold at 81 on Saturday last, 84 on Monday, 80)^ on
Tuesday, and quoted to-day at 80i^-81J>^; the negotiations with
B. & O. for use of the Chicago terminals may have influenced
the pl-ice. Atchison 4s and incomes have been without much
change; Iron Mountain 5s have recovered a little from the
late depression; Richmond Terminal 5s are a trifle more active,
selling now at 65, with li^ per cent accrued interest on them,
which makes the real price 69% and the yield i>f interest per
year nearly 8 per cent; LouisvilJe New Albany & Chic, consol.
gold 6s at ^2}4, ex accrued interest, yield about 63^ per cent;
Northern Pacific 5s at 81, ex interest, yield 6-17 per cent; Iowa
Central 1st mort. gold 53 at SS}4, ex interest, yield a trifle over
6 per cent. Perhaps these prices and a number of others
of the same kind may explain why it is not easy just now to
In the case of various bonds selling at prices
sell new bonds.
which make them yield an unusually high rate of interest
the average buyers are cautious, asking why the bonds are
not bought by insiders who know the finances of the respective companies.
Railroad and Miscellaneous Stocks.— The stock market
has drifted on towards a dulness that is almost like that of
midsummer, while prices are held with a fair degree Of firmThe crop situation, so far as wheat is concerned, reness.
mains all that could be desired, but people seem distrustful of
the foreign markets and gold has gone out this week in larger
amounts than had been expected. When the London and
Paris markets are considered to be in a perfectly sound condition and their demand for gold ceases, we may expect to see
them again large buyers of our securities. If our investments
were good a year ago at prices 10 to 20 per cent higher, they
and the superi.are certainly better now at the present range
ority of investments in the United States over those in the
Argentine Republic or other South American countries ought
to be demonstrated by our railroad development, and by our
railroad managers holding strictly to all their obligations
towards the holders of securities.
St. Paul, Atchison, Burlington, Rock Island, Union Pacific,
Nashville and Chicago Gas have been
Wabash, Louisville
about the most active stocks, and all within a moderate range
of fluctuations, except that Louisville & Nashville has declined to-day under sales for London account. Nashville
Chattanooga sold at 110, with a report that new stock would
be offered to stockholders at 50. There have been hardly any
new points developed bearing upon stock values, and the
market has varied from day to day influenced mainly by the
aspect of foreign affairs.
Among the unlisted. Sugar has been only moderately active,
closing higher at 88^^; Lead closes at 18f^, since the declaration of }4 PS'' ^^^^ dividend, payable July 15 to stockholders
South
$16,000
70-701^
;
;
;
;
&
&
of
June
5.
Silver
is dull,
closing at 96^.
Hay
THE CHRONICLE.
80, 18»1.|
NEW YORK STOCK EXCHANOE— -AOriTJ STOOKS
for vtek tnatng
823
MAY 99,
and
HnM
HiameaT akd lowbst pbiom
STOCKS.
HH.
A«tlv<>
Ntorkn.
Central PaoiHc
Do
Do
& O., vot.
do
do
cert.
tr.
May
Tuesday, IWednaiKlaT,
May
29.
l8t prof....
2d pre/
819^
S3
H^
&
Do
pref.
Do
pref.
OUoago A Northwestern
Do
prcf. 136
*26
&
St. L.
6218
'02
.
.
pref.
78''8
27
84
84
pref
Do
122
Do
Do
A Oa
*6<9
*54
*14
Istpref.
2d pref.
Evanaville&Terre Haute....
Great Northern, pref.
63>8
OS's
80
00
98
14
98
Lake Shore* Mich. Southern.
llOmiOH
Lons; Island
*03
77>4
04
*12
15
'IS'a
Do
pref.
LouravIUe
&
78%
25% 27
NashrlUe
Louisv. New Alb. & Chicago.
Louisville St. Louis & Texas
78%
26<a
*83>«
62i«
26>«
85»«
63>4
26
26
86
63
*
MicbiRan Central
MUwaukee Lake 8h.& West..
Do
pref
Minneapolis
Do
& St.
Louis
pref
Mo.K.&Tex.,ex2dni.bends.
Do
pref
Missouri Pacific
Istpref.
2d pref.
Hew York Lake Erie AWesfn
Do
pref.
Hew York & New England ..
Hew York New Hav. & Hart
New York Ontario & Western
Hew YorK Suaquehan.* West
Do
Horfolk
Do
pref.
& Western
9
*10
IS's
2468
OS's
pref.
Do
pref.
Ohio 4 Mlsslsaippl
Ohio Southern
Oregon K'y & Navigation Co.
Oregon .-h. Line&Utah North
Peoria Decatur & Evauaville.
Phila.&Kead.,vot. trust. cert.
Pittsburg Cinn. Chic.
Do
& St.
L.
Do
Rio Grande Western
5
11
19^8
2i%
••9%
41%
13'*
S'n
7738
•Bt
75
104
9
11
13% 13%
68
S'v
16
20% 20''9
52% 52%
leSg
17
'7%
8
*29
*15
*10
'14
*71
17
74
27%
30
16
77'e
*90
•70
20
32^8
•12
15
104
21
104
•20
104
21
75
•70
75
•10
11
•10
15%
25%
69%
42%
Union Pacific Denver
Wabash
& Gulf
Do
Wheeling
.
Lake Erie
Do
„
Wisconsin Central Co
pref.
nilKcellaneaUM Slocks.
American Cotton Oil Co
Am.
temp.
Do
'
North American Co
Oregon Improvement Co
Pacitlr .Mail
Pipe Line Ccrtl(lcate8&
I
Pullman Palace Car Co
Do
cS:
26
131% 132
137% 136%
17% 17%
57% •56%
*6%
7
32
•19
•32
•16
62%! •61
17
63
01
72
-19
16% 16%
47
41% 41%
110
135
12%
70
108
125
12
•60
•28
•93
104
32
17
•44
•78
1439;
77
20% 20%
72
110
135
12
70
32
94
105
17
50
86
46% 47%
20% 20% •19% 20%
10% 10% 10% 11
23%
21% 22% 22
38
3638 37%
Se'e'
7688 761%
*19
20%
76
24% 24%
24
132
137%
17%
67%
7
60
'14% 17
128
128
•98
80
99
. .
Iron
pref
Western Union Telegraph .
•s bid
25%
48%
87
92%
52
37%
98%
25%
48% 48%
87% 88%
91'9 93%
50% 51%
36% 37%;
25
99
99
48
87
76%'
19% 19%
•47
89%| 89
48
92% 93
60% 91
36% 38%
98% 08%
45
102
37
36'8
68% 68%
36's
•36
37
93%
50>
36%
98%
45
87%
9a
800 72
90
16
•29
and asked
;
no sale made
i Prices
16%
30
36% 86%
68
68%
183
80%
111% Apr. 3S
138% Jan. 13
80% May
29
86%
1
Apr. 37
Apr. 33
667a
May B
98
Jan.
3{>%May
139% Feb.
140% Feb.
20% Jan.
»
•
7
9
19
OS-'sJan. 14
8% Jan. 14
66
Jan. 14
19% Jan. 14
129
1
I
I
34% 24%
46
24
•45
46
24
47
1,756: 16''«Jan.
_ Jan,
800 33%
_
•87
106% 106%
18% IS's
t
I
1
Jan.
§0
101
102% 104
US1
1,070
97%
36%
»3%
61%
36%
98%
46%
Jan.
03% Jan.
67% May
97% May
66% May
116% May
Apr. 3
92% Apr. 9
Mar. 9 103% Jan. 14
•7% 8%
8% 8%
139
6% Jon. 10 9% Apr. 21
'24% 26
•24
26
160 20 Jan. 3 30 May 1
^13% 14
13% 13%
500 12% May 19 15% Feb. 5
""
•"'
58
•37% 59%
58
200 .54% Mar. 6 6 % Apr. 28
109% 110
109% 110
1,500 100% Jan. 2 113% Feb. 9
93% 93% •93
94
1,220 86 Jan. 3 96% Apr. 7
76% 76'8 74% 76% 77,855 71% Mar. 7 82% May 1
25
25% 24% 29
2,920 18 Mar. 9 29% Apr. 27
•12
•12
15
13
5 Mar. 24 18 Jan. 15
103% 103% 103 104% 1,305 96% Jan. 27 109 Apr. 6
4
Mar. 21 24% Jan
18%
"06% "oi
'oi" "93
306 89% May 13 96 Feb, 3
"70
•70
75
75
70 May 21 93 Jan. 16
100% 102
100% 102
90 98% May 19|111 Jan. 14
"4
4% •4
4%
6% Jan. 10
25
3''(,Mar. 18
•10
•10
11
11
8 Mar. 18 12% Jan. 14
•14% 15% 14% 15%
950 11% Mar. 14, 16% Apr. 30
24% 24% •24% 25% 2,006 19% Mar. 61 26 May 1
68^8 69%
68
68% 15,292 60% Jan. 21 73% Apr. 27
•42% 43% 43% 43%
3,005 26 Jhh. 2' 44% Apr. 7
103 103
110 110
900 93 Jan. 2I1IIO May 29
101 101
100% 100% 1,002 99% May 19 104% Feb. 3
•13
13% -13
13%
700 ll%Jau. 2 14% Feb. 10
•66% 68
•66
68
100 57 Jan. 2 70 Jan. 29
'28
•27
29
28%
50 23 Jan. 2 31% Feb. 10
•20% 20% 20% 20% 3,070 17% Mar. 7 22% Apr. 28
500 48% Jan. 7 56% Apr. 28
35% 35% 34% 35% 10,075 32 Mar. 9 41% Jan. IS
'230 235
•230 240
Feb. 3
;226 Mar. 26 271
16% 16% 16% 16% 1,227 15% Jan. 2 18% Mar. 17
7% 7%
8
10
7% Ma? 16 1 1 % Feb. 17
29% 29% 28% 28%
312 28% Jan. 6 40% Feb. IS
15 16 •15 16
13% Mar. 12 l«%Jan. 14
•52% 52T9 •52% 93
600 51% May 18 57% Jan. 14
24'8 25
24% 25
5,415 21%Jau. 2 30 Jan. 14
69
69% 68% 69% 17,571 63% Jan. 2 74 Jan. 30
•18% 19
-18
19
15% Mar. 11 19% Jan. 17
•14
•14
17
17
14 Jan. 2 1 8 Feb. 7
•72
•72
79
75
130 65 Mar. 9 82 Jan. 13
•27
27
27% 27
1,550 19 Jon. 5 30 Apr. 38
•18% 20
•18% 20
14% Jan. 7 22 Apr. 23
31'8 32%
32%
32%
5,860 28% Mar. 10 35 May 1
•16% 17
16% 16%
628 12% Jon. 7 18% Apr. 27
•61
61 63
63
475 48 Jan. 6 64'8 Apr. 27
16% 16% 16
16% 7,535 15%M.y 19: 19% Feb. 7
69
70
70% 70%
'8
525 67% Jan. 2 76% Feb. 10
•40% 42
40% 42
600 23 J n. 2 44 May 1
•70
•70
72
73
6 55% Jan. 2 74% Apr. 30
109 110 •108% 110
205 100 Jan. 5 134% Mar. 20
125 135
125 135
1120 Jan. 6122%jHn. 3
•11% 12% •11% 12
2,060
9% Feb. 26i 12% May 23
•60
•60
70
70
55 Feb. 16 70 Jan. 18
'28
•28
32
32
24 Jan. 15i 32 Apr. 27
94
OS's 93'8 92
220 85 Jan. 5 OSTg May 28
103 106
103 106
84 100 Jan. 2 111 Feb 6
31
31% 32
31%
Jan. 16 33 Apr. 23
2,450, 23
'a
•14
14% 13T8 14% 2,350 12''8Mar. 10 16% J-in. 14
•16
•16
17
17%
300 16 May 19 20% Jan. 13
•44
44
90
44
6 45 Apr. 6 61 Jan. 18
•78
•78
85
80 May 4! 88 Feb. 18
85
46% 46% 45% 46% 66,120 41% Jan. 26 52% Apr. 28
•19% 20% 19% 19%
375 19 May 19 24% Jan. 14
10% 10^8 10% 10%., 2,258 8% Mar. 10 11% Apr. 25
22% 28.080 lO'eJan. 2 23^9 Apr. 24
22% 22''e 22
36
36% 55% 36%; 6.6231 29% Jan. 26 37% May 5
76
76% 75% 76%' 3,165| 67% Jan. 2 79% Apr. 27
590 18 Jan. 2, 23% Jan. 14
19% 19% 19% 19%
•98
88% 89% 86% 88% 42.370 57% Jan.
93% 03% 92% 93% 1,417 8.1 Feb.
50% 61% 50% 51% 30,330 34 Jan.
36
36
36% 36
3,600 33 Jan.
98% 98%
910 94% Jan.
08% 99
45% 43% 45% 47% 4,895 41% Feb.
101% 101% 101% 101% 1.597 88 Jan.
103% 103% 1027s 103% 29.662 73% Mar.
1,4S2 101
Fob.
106% 106% 105% 105%
18% 18% 18% 18% 12,703 17% Jan.
15^8 16
16% 16
6,279 11% Jan.
•28
200 16% Jan.
•28% 30
30
36% 37% 86% 37% 4.586 31% Jan.
67^8 68%
67% 68% 368,000 ee%ADr.
230 180 Hay
07% 96% 97 260.000 96% Apr.
97
34% 34^ 34% 34% 3,360 31 May
101
67% 68%
183 187
183
180 187
180 185
•07
*97
98
07% •97% 97% 97%
35
35
34% 34% •34%
34% 36
•87
•87
•87
•87
90
90
90
80% 80% 80% 80^8 80% 80% 8U%
67% 68^
34
49
64% Feb. 10
84% Feb. 10
130
I
32%
14% 14%
31% Si's
14% 14%
17%' '16
17%
'44
80
50
*78
85
85
46% 47
48
32%i
63
72
41% 41%
'70
*108
*125
1238 *12
'60
70
*28
32
10»8 10%
21% 21'8
36% 37%
763^
16% 17
16% 16%
71
72
110
135
'20% 20'g
20
•53
26%
37
122% Apr. 3f
31% Apr. SO
May 19 l«% r«b. 9
7%
16
92% 52% •52% 52%
25% 25% 29
29%
69
69% 69% 69%
18
19%
44% 41% 4478 44'?
100% 100% 100% 100%
102% 102% 103% 102% 103
105% 106% 108% 106%' 106 106
18% 18% 18% 18'si 18% ISJs
16% 16% 16
16% 15% 16%
•29% 30% •28% 30
20
29
36
'..
Bllver Bullion Certificates.
Tetmessee Coal
10»8
49
101
'101
pref.
National Load Trust
10»8
92%
51%
36%
98%
ctfs.
National Cordage Co
'75
47«5
85''8
Chicago Gas Co
Colorado Coal &
•Consolidated Gas Co
DistiUiug & Cattle Feod'g Co.
ffUsou General Electric
26%
11
17
Jan. 36
Feb. 24
1.876 167,
2,762 44 Jan. 2
1,400 36% May 20
123 May 12
63.666 75% Mar. 7
1,200 41% Jan. 3
461 83 Jan. 2
306,674 60% Jan. 2
941 106% Jan. 3
4,450 103% Mar. 9
6 ISO Mar. 18
67,691 63% Mar. 6
600 22 Mar. 10
211 77% Jan. 29
12,295 58% Mar. 7
91 Mar. 33
1,400 24 Apr. 10
281 129% Mar. 9
21,270 131 Jan. 2
612 16% Mar. -6
100 55 .May 19
90
6% Apr. 20
52 Mar. 16
14 May 12
1,715 111% Feb. 6
I
pref.
Sugar Ref.Co.,to>ijp.ctf8.
pref.,
85
47
20
26
47
Do
Do
50
31'8
1438
16»8
'44
•15
17
41% 41%
12%
235
17
•7% 8
•28% 29%
73
27
20
33
32% 32%
16% 17
*60
29
16
17
73
27
72
12%
29
•15
'228
-14
*18% 20
72
235
16% 16%
•7% 8
17
72
70
13% 13%
67% 67%
28% 29
29
20% 20% •20% 20%
52% 52% •52
53
35% 35^6 35% SS'^s
68
74
27
20
32
16% 16%
72
13% 13%
•66
'28
74
27
62
21% 22%
36% 36%
76»8 77
20
20%
pref.
Jc
11
•15
16»8
31% 32%
'44
*75
84
63
at
1
15% 16%
24% 24%
68'8 69%
42% 43%
21
17
64
14% 11%
*16% 17%
pref.
76% 77%
25% 25%
15
'28
& Duluth
*28
32
32
Do
94
94
93% 93% 90
90
pref.
Paul Minn. & Manitoba... '104% 106 '104% 106% '104% 107
_ Do
Union Pacific
8%
25
75
27% 27%
Paul
Texas &PaeiHc
Toledo Ann Arbor & N.Mich.
Toledo & Ohio Central
25
98%
100% 100% 100% 102
-4
4% •4
4%
35»8 36%
228
-229 235
'125
12
'60
'
19% 15% 15%
25% *24%
68%
70
41%
42
'66
*16% 17%
'70
Southern Pacific Co
„
21
53% *92% 53%
25% 25% 25% 2538
69% 703e 69% 70
pref.
7%
8%
26
25% 25%
*12
103
15
25
69
42
KomeWatertown&Ogdensb'g 110% 110% 110
St.
77
78>4
25% 26%
53
pref.
«t. Louis Alton & T. H.. pref
St. L. Ark & Tex., trust rec.
St. Lou. & San Fran, .istpref.
*7%
•97 •«
*13% 14>4 13% 13^ 13% 13%
'57
58% 57% 58%
*97»a 50
llCaHOia 109% 109 "% 109% 110
93% •93% 01
93^ 03% 93
-28% 29
40% 40%
Do
*7'a
98% 98%
•05 102
*95 103
102% 102%
101 Sg '100% 101% 101% 101% 100% 100%
29% 29%
32%
62% 63
10:i%
17% 17%
*14
*70
26
*19
84
63
IT
90% 90%
20% 20%
52% 92%
*61
1638
*71
pref.
Blohmond&WestP'tTerminal
120 29
136
60
24% 24% •24%
'70
'100
'4
*10
3538 36
*228 235
*7%
•83% 86
'27% "27" "27'
26%
131 •131% 132% •130% 131% 131%
137% 135% 136% 136% 136% 136%
17%
17% 17'4 •17% 18
18^4
57^ •56% 57% 96%
58>s •57
•6%
6% 6% •6% 7
6>4
08%
*20
'66% 68
'28% 29
*15
Horthern Pacific
62%
134
BI«b«M.
24% Mar 10 84% Apr.
4% Mar. 19 8 Jan.
6 80% Apr.
48 Mar,
63% Apr.
1,600
1,260 106
77% 78% 78
78%
•24% 25% •24% 26
••itj"
27>s
07>9
*12
21
*80'8 05
'70
75
*90 102
Mobile & Ohio
41%
Mashv.Chattanooga&St.Louls *05
New York Central & Hudson. 10l»8
Ifew York Chic. <& St. Louis..
13%
Do
Do
•84
103% 103% 103% 104
ManhnttanElevated.consol..
Mexican Central
•134% 136
136
LOWMt.
1891.1
60 72% Jan.
125
53 56
•93
•53
60
60
14 16
•14% 16
•14
17
128
126m27 127% 128 126% 128 127%
•87
88
•87%
89
88^
88>g 88^8
88%
'7^ 8>a
*24% 26
pref.
134
136
7778
*53
'14
17
00
Lake Erie & Western
1V2
125
88% 89% XX8% 88''8
64
64
64% 64*8
04% 04% 04
04
63% 64% 64% 65
79%
6>4
7
60
*88
lUlno is Central
Iowa Central
Do
•122
125
Week,
HharM.
78,838
100
77
78
Columbus ITooklnKVal. 4 Tol. 27>4 27>4 26%
Deliiwiire & Hudson
131
Delaware Lackawanna AWest 136% 1373e 136
Denver <& Kio Grande
iSVt 18!% '17%
Do
57^8 57Tg •57%
pref.
East Tennessee Va.
20.
*''8
135
136
77%
ChlcaKo Book Island APaolflo.
CliioaKo St. Paul Minn. & Om.
Cleve. Cinoln. Chic.
May
28.
88% 80%
64% 64%
*93
04
04%
94% 04%
05
64 >8 659^
64% 64%
64>8 e5>4
112 112
U2%1I2% Ilt%lll%
113>4ll3>4 113 113
lO-fg 100>4 lU8>sl00>« 107% 108% lOHM 108% 1U8%108%
Cailoatro Milwaukee <b St. PaiU.
Do
May
37.
30^8
3238
•77i«
*122 126
123 125
Alton
80>« 90
Cluoa^ci BurliuKton & Quluoy.
BO'S 89''b
US
65
Obioago <Sc Eastern IlUuoia. ...
65
63
CUlcaKo
May
21).
lYIday,
IMl.
1,
Kwny Of »ri— 111
Of tba
Thnndar,
31% 31% 31% 31% 81%
•4% 6
*4% 6
4'i
•77
77%
77
78M
78
79
78
40 Vt &U
40% 41% 49% 40% •48
61
50
US'* 115 119 '114% 115% 114% 115% 116 116
30% 30% •30% 81% 30
31
Bo's SuHi
17
17
17>4
10\ 16% 16% 16^8 17
16'e 17%
48«4 4s>« •47
48% 48% 49% 40
49%
48
48
"28
29
30
*28%
20
29
20%
28
28
30%
AtolilKouToii. ASHUta Fo....
Sl>«
*4%
A Pacltlc
Caiiaaiiin Pnoltlo
78
Canada Sotitboru
49%
'114
CeDtral of Now Jertwy
Atlautic
CliesaiM'ake
MoDdny,
B»turda:r,
May 23.
JAN.
•87
90
80% 80%
from both Xzehanges.
I
90
80% 80%
Ex rights.
2,556
80
76
Jan.
Jan.
z Ex dividend.
2
2|
17
27
2
29
53
92%
95
Apr.
Apr.
Apr.
Jan.
241
53% May
39% Mar.
99% Apr.
16
49
2,
3 111
11 104
Jan.
Feb.
May
3 110% May
2 21% Jan.
z; 19% Feb.
7)
32% May
33
28
10
14
5
18
30
13
5
37
7
17
IS
1
26 41% Feb. 2«
Feb. 10
29 81
14 196% Jan. 14
Jan.
15
23 107%
18 39% Jan. 14
6,
8'
87% Mar
83
Apr.
11
80
THE CHRONICLK
824
YORK STOCK EXCHANGE PRICES
tfE\Y
May
Inactive stock?.
RRlli-nai Mocks*
Alabama & VlekburKU
100 35
100 165
94
Atlanta & Charlotte Air LIT... .100
Albany & Snsqiiehauna
Belleville
&
135
100 100
South. lU. pref....lCO
Boston & N. Y. Air Line pref
Brooklyn ElcvatedT
Buffalo Rochester & Pitts
Preferred
lOOl
100
100
271a
Columbia & Greenville pf
Bes Moines & Fort Dodge
Preferred
& Atlan.lF
DuluthS. Shore
PreferredU
Hint & Pere Marquette
6I3
Feb. 103 14 Feb.
30 Apr.
Apr.
37 5i Apr.
Jan.
79''8 May
Jan.
30 May
Apr,
7%
148
140
5I4
1001
100
4%
5%
14
11
61s
7
318
90
14
4
7
100
6
25
15
100,
lOO!
1001
100;
Keokuk & Des Moines
May 140
100
lOOj
Preferred
1001
Oeorcia PaclflcH
Green Bay Win. & St. Paul....l0O|
100
Houston & Texas Central
100
Illinois Central leased lines
Kanawha &MichiKan
136
!l00
30
8
712
4
10
6I4
May
14
100,
Preferred
28 12
I«iiisv. Evans. & St. Lo., cons. 100
61
100
Preferred
Lou.St.L.&Tex. SeeprecediugpaKe!
75
50 75
80
Uahoning Coal
115 101
50
Preferred
33»
Memphis <!t Charleston
25
5
Mexican National
100
143
Morris & Essex
50 :i44iii
lOfl
104
Lack.
V/estem
Y.
&
K.
16
100
18
22
H. Y. & Northern prel
1 00
4
10
6
Peoria & Eastern
152 149
Pitts. Ft. Wayne & Chicago.. ..10" 150
No price Thursday; latest price this week.
15
6
15
Mar.
96
16
May
4
Mar.
Feb.
63
Jan.
85
Jan.
10912 Apr.
40 Jan.
Apr.
May
Jan.
514
May
Mar. 1481a Mar.
110 Mar.
Mar.
22 Apr.
Jan.
Jan.
Jan.
8
Jan.
152i4Mar.
IO3I5 New York— Gs, loan
IO8I4 North Carolina— 6s, old
Funding act
1906
Class B, 5s
1906
Class C, 4b
1906
Currency funding 4b
1020 104
Arkansas— 6B,fund.Hol. 1899-1900
do. Non-Holford i'sO
7s, Arkansas Central IIR
Louisiana— 78, eons
1914
108 1«
New
fbO
Stamped 4s
1894-1895
J
Bid.
is
RE
Special tax, Class
Consolidated 48
6s
Banket New York...
.Maiiliattau Co..
Merchants'
......
HechanlcB*....
America
Pbenix
City
Trartesineu's
Chemical
Mercliants' Exchaiig*
Gallatin Natioual
Butcliers' & Drovers',
Mecliauics' «& Traderh
Greenwich
_
IjeatneT Mannfact'ra.
Seventh National
New
State of
York....
American Exchange..
Comnieice
Broailway
Vercautlle
Paciflc
BepnbUc
Chatham
Peojdes'
North America.
Hanover.......
Irving
.„
,..,
Cltlzeis'.....
.•...
Nassau
Market
*
Fulton
St. Nicholas
Shoe
Com
&
Leatlier
Kxchange
Continental.,
Oriental
Importers'
Traders'
A
Park
Bast River
Foui-th National
Central National...
Second National...
17iuth National
First National
Third National
N. Y. Nat'l Kxchange
Bowery
New York Countv
Gernian-Aniericah
Chase National
. .
Fifth Avenue
German Exchange..
Gemianla
United States
Lincoln
,
Oailield
Fifth Nailonal
Bank ot the Metrop...
'.
West Side
Seaboard
Sixth National...'."!
Western National
Pirat Natlonal,Il'klyn
TrtfJ*'
9
2,000,0
2,060,0
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
750,0
300,0
600,0
1,000,0
300,0
400,0
i
1,691,1
1,478,.-.
»So.!
1,981,"
2,001,8
570,f
2,429,0
138,1
6,483.!'
llO.t
1,622,:<
3C3,(
Loan*.
«
11,800.0
9,170.0
6.7P6,»
8,.340,!)
636,'J
l,36:i.0
656."
916.7
75-,0
12,686,5
1,115.9
1,'80H,:
4,5311,0
10,321.2
1.902.0
21.831,8
3,ij23,2
4,M9:<,3
7',
8,0
1, 89-2.(1
253.4
6,382,7
261,7
4U3.1
862,2
230,0
167,8
237,2
247.4
328,0
1,371,0
268,6
1,791,6
631).
S
11,060,0
9,3/6.0
6,3,'>4.6
7,"58,0
11,380,(1
4,261,0
l(',s^2,9
l,f0c,2
23,662..'i
3.7 39.9
548.9
ii,8!0,9
ISil,^
1.953.1
2,315,0
712,0
603,(1
4,3:<4.6
9g8,il
7,726.2
2,481.4
9,812,8
1,124,7
378,9
1,044,3
686,2
302,6
497,7
3,670.5
397,6
1,052,4
424,1
l,4l7,C
8.090.0
8.0:0,6
10,325.7
6,243.6
7.^,^
42i,6
9113,
460,0
200,0
700,0
781,2
307.4
654,0
5.i)34,2
1,000,0
»OO,0
600,0
600.0
760,0
600,0
600,0
1,000,0
1,000.0
300,0
1,66Z,7
12,423,7
2,974-0
2.678,0
314.7
43:^,1
2,170,2
3,f8l,'.i
183,1
l,8r:l,6
99,2
2(40,4
2,720,0
6,507.3
4.184.5
1.950.1
21,563,0
20,046,4
1.202,9
17,389,0
7,139,0
4,694.0
2,980.0
21,463,8
3,021.5
1,492.3
2.476.0
3,(92,0
48,1,0
i'45.3
209,0
20^,0
233,6
427,6
2,476.0
2,^84,2
129,9
10!i.6
31
404.5
6,136,0
•.J,000,ti
2,649,(1
250,C
143,
1,746.4
558,7
36W.0
2ti5.7
8,757.6
12,5
li-i,iS
4^3,1
508,?
272,7
3,942.8
•,!,710.1
898.3
160.0
3,41.^,0
3,067.
lfO,3
3,40«,8
l,6a0,o
1,109,0
417,2
3,438,8
342,1
320,0
543,0
180.7
480.7
2,5B8.7
3,796,3
3,671,7
8,575.0
3i)7,0
303,0
603,4
236,6
172,8
376,0
1,7.'-1,H
4,.i7A8
2,048,0
3,40i',0
1,676,0
3i'8,4
10561,5
78^,5
3,718,0
l,(i07,9
504,1
647.2
609,6
468,7
664,9
30O.O
547,0
174.0
1,488,6
673,0
U.:53.0
14,177.2
3.1(18,0
4.417 4
13,456 8
2,937.0
3,178.3
3.374.0
3,370,7
1,771.6
3,170,0
5,447.7
4.6t,7,4
9i« Feb.
I514 May
312 Jan.
14
149
41
142
Mar.
15%
113
:118
80% 80
101
"os'
98
Jan.
150
Jan.
Jan.
Jan.
Feb.
281a Apr.
123 Feb.
82i« Apr.
Febw
lOliaMar.
MAY
29.
SECURITIES.
Bid.
B.C. (cont.)— Brown consol. 6S.1893
1892-1898
Tennessee- 6s. old
900
1892 1898
Comi romise, 3 4-5
6s
96^
131.2
New
102 14
70 !»
.
New York
21,95:1.0
23,897.0
1,056.0
3S7,2
1,144.6
7,086,0
6,486.0
3,13C,8
18,498,1
38.i.3
2,7o:<,0
lf8.o
170.0
1,678.5
2.681.0
3.445,5
2.387.0
11,626.1
6,048.2
3.510.8
190,11
4vl,B
161,8
3H5,5
454,«
271,8
.3,077.6
514,6
3,529,5
3.980,8
4,230,3
2,101,2
4.990,5
239,0
2,1340
361,!)
3,685.0
1.36J.O
9,191,2
3,507,0
160,0
870,3
130.0
Banks.
W. York.'
Stay 2....
9 ..
"
16....
'
2.V..
"
City,
Capital ac
Surplus.
'.9....
eo.?72.7'84.S6B.7l 3H2.921.8 61.889,3 41,129,7 391,205.4
Boston and Philadelphia Banks:
Loans,
Specie.
Lfgalg.
*
S
$
Devoaits.i f^i*r.^Vn\Oleannp$,
£
*
9
12), 378.'
126,139,'
I2£,139,-
404.165.6 71,846.0 37..'188.8 40' l6S.0l3.474.4l779,265,5
4r3.O2:.4!0H,159.2 37,509.8 403. 6!8,2|3.480,9I752,634.3
398,579,2 fi4,384,li40,163.« ;;98, .707,0 3.437,9i722.504,5
88'2.H2i.'- «!,i*89,.1 4!,r_'9.7 391, 205,4l3,4l8,4i601,789.S
125,130,
388,048,9 aO.gSC.l 43,346,8 387, 107,3 3,471,7 483,233,1
124.:^78.
Boston.'
May
»
65,842.!
65,842,!
65,842,!
...
"
16....
"
2J
..
4,515.1 131,,940,1 3,2.i6,7
4.676,5 180,,686.5 3.21 4,1)
110,286,31 4,199,0 128, 275,413,247,6
155.066.4 iO.497.1
154,169,4 10.3H3.0
13'.',81 1,4
98,729.1
91,382.6
91,929,2
Phlla.'
May
100.453.0 2,094,0 66,002.7
10(1. oTO.c .;. 76.0
66.300.2
Sl,0;<2,0
31.074.0
97,423,0 2 079,0 66,124,1
c^
these figures.
t IncludlnK, for Boston and Phi
8...
16
35,793,'
"
94.809.0
33,793,
84.273.1
"
2;i.
35,793,'
93.2S7,il|
,.
31,903,0
* We oiait two ciphers in all
deiphla. the Item "due to other banica."
City Railroad Securities— Brokers' Quotations.
Drv Dock E. B'y Ji B.—
120
SoHp6»
F<feA 100
107
203
27
RiKhih At.— Stock.
112
ElghthAv.— Scrlli,0.sl914 107
Atlantic Av.,Bkl5Ti.St'k.lll3
Gen. iM.,53, 19tjy...A&0 ,103
Bl'cker St. <S. i ui. F. -Ktk. 24
Istmort., 7s., IdOO-.J.tJ llo
1
I
Br'dway
*
7ihAv.— St'k.. 190
.3&D 103
Ist mort., 6s, 1804
OS, 1914...J&J:102
'24 104
S'way Ist, 58, gu
2nil 68, int. as rent., '05.1 93
2dmoit.,
160
Brooklyn City— 8tock
latmort., 5s, 1802,.J&J|100
B'klvncrosel'n 6s., 1908I108
Bku.U'y.fcN'u53,1838 J&JilOO
Central Crosstowu— .•5('k..I160
l8t mort., 68,1922. M<6X 115
Cent. Pk.N.&E.lllv.— Stk. 119
Consols. 78, 1802 ...J&u 115
OryDk.E.B.&Bat'y- Stk. 135
1st mort., 7s, 1893..J&D 103
1,950,0
17,51-5.8
10.i,5
2,8:-.0,5
2.260,6
l,3b7,U
2,659,1
326.0
102.6
1,529,3
276,2
740.4
51«.fl
356,4
353,3
8
17
15
100
Ask.
J&J
1,149.'2
1,3«3,S
7011.0
708,1
6-iO,6
548.9
432.7
1,532.4
10,25^.6
4,692.3
97',l.i)
901,3
282,2
649,&
839,7
330,9
3U,3
267.7
2.'^
l,4o.i,;^
:'83,1
4:11,9
2,S'9s).7
1,106,4
202.6
1,445,0
268.0
98.8
332.3
103,3
279,7
1,834.0
3,070.4
683,6
2H2,t
768,4
l,500,r-
300,0
1,220,0
5.4<,ll,it
489,1
lOO.C
200,C
200,C
600,C
300,C
20o,e
160,0
300,0
200,0
600,0
200,0
8.600,0
•
*
1,4 70.0
1,856,0
Depatits.
l,6i^,^
1,200,0
6,000,0
6,000,0
1,000,0
1,000,0
422.7
1,600,C
2,000,C
300,C
750,C
600,t
l,0O0,t
300,(
2S0,C
200,0
750,C
600,r
LeiaU.
2,01!'.C
3.,517.0
143,7
670,5
3,2(I0,C
Specie.
1,817,8
2,201.0
1,211.3
2,915,0
l,27n.3
3,308.4
17,4US,0
18,754,2
401.('
200,0
600,0
300,0
7
15
May
Apr.
Apr.
.
Banks.
Capital. StMTlilM.
26 13
32ie
Mar.
38
Mar. 185
Feb.
6
Jan.
36
Jan.
1
City Bank Statement for the week ending Ma ^
as follows.
We omit two ciphers (00) in all cases.
(00> omitted.)
100
100
100
Co., prel ..100
1
New York
23, 1891,
28
175
5
100 >147
38
1 8i»3
. .
Missouri— Fund
35
183
Bighest.
1913 100
settlement, 6s
1913 "60
5s
3s
1913
1910 100 101
Virginia— es, old
6s, consolidated bonds
1919i 1 31a laSia
Rhode Island— 68, eou 1893-1894^
6s, consolidated, 2d series, recta.
South Carolina— 6s, uon-fund.1888]
6s, deferred, t'st rec'ts, stamped
bonds,.I.(fc
Chatham
"
50:
10<i|
PRICES.—Sr^r^ BONDS
SECURITIES.
Ask.
Bid.
Alabama— Class A, 4 to 5
33
180
in 1891.
Lowest.
Brunsivick Company
100
21 Jan.
143s 11% Mar.
Bueke.ve Pipe Line
26 Feb.
18 Apr.
Chie June. Ey. & Stock Yards. 100
72 May
80 Mar.
Preferred
100
83 Apr..
82 Apr.
Columbus & Hocking Coal
1 00
19% Jan.
15 Mar.
Commercial Cable
100
107 103ifl Jan. 1081a Mar.
Consol. Coal of Maryland
100
30
Mar.
26 Jan.
231s
Laclede Gas
100
Jan.
151a IGI2 15
201a Jan.
Do
pref
100
40 May
60 Jan,
Lehigh & Wilkes. CoalU
16
18
16 Mar. 16 Mar.
Maryland Coal
100 J 10
15 Jan.
191a MayMinnesota Iron
1001
68
70
68 May
Si Jan.
National Linseed Oil Co
100 : 38ie
Feb.
38
423e Jan.
New Central Coal
100 * 10
11
9% Mar. 1_ .Ian.
Ontario Silver JUning
100 3813 40
39 Apr. 44 Jan.
Pennsylvania Coal
50 -275 310 260 May 290 May
Phila. Natural Gas
50
23 Fell.
21 May
Postal Telegraph— CableU
30
33
34 Jan.
38_ Feb.
Quicksilver Mining
100
5% 5% 513 May
O's Jan.
Preferred
100
40 Feb.
38 Jan.
361a 38
Sugar Refln. Co. trust rects.';..100
94% Apr.
oe'e Jan.
Texas Pacific Land Trust
100 t 18
14 Mar. lO'sApr.J
U. S. Express
100
61 May
70 Jan.!
60
65
Wells. Fargo Express"
100 *140 il45 137 Jan. 145 Feb.*
131a Apr.
301a Jan.
NEW YORK STOCK EXCHANGE
SECURITIES.
American Tobacco
Feb.
Feb.
26I3 Apr.
86i« Apr.
8% Jan.
81a Jan.
4 Apr.
May
Ask.
njiBcellanesus Stocks.
6i2May
Apr.
12% Jan.
18^8 Jan.
78 Mar.
6i<> Jan.
6I2 Jan.
2 Jan.
901a Jan.
14 Mar.
1
Feb.
7 Jan.
27 Apr.
55 Jan.
Bid.
sales.)
(sales)
50
100'
3% Mar.
Coll
81a Apr.
American Cotton Oil trust rec.lOO
145 May 152" Jan!' American Express
100
Am. Telegraph & Cable
100
5
Itangc
29.
Jlfai^
Adams Express
Amerlct n Bank Note
418 Feb.
12 Feb.
Inlhxtes actual
(t
Pittsburg & Western
Preferred
Kensselacr & Saratoga
St. Jo.Sfph & Grand Island
St. Louis Alton & T. H
South Carolina
Toledo Peoria & WesternU
Toledo St. Louis & K. CityH
Virginia Midland
May
101
STOCKS.
Inactive Stocks.
H Indicates unlisted.
Highest.
162Ja Mar. 167111
35
15
25
12
in 18^1.
170
90
150
35
79
;
100
Burl. Cedar Kapids&Nor
100
California Pacillcir
100
Cedar Falls & Minnesota
Chic. & Atl., Benef. trust rects.H-.
50
Cleveland* PittsburR
(C»atiniiel)— r.VACrZf^E
(sales)
Lowest.
Ask.
Bid.
^ Indicates unlisted.
Hange
29.
[Vol, Lll.
200
MO
104
&
F'ry-Stk. 240
A&O 104
42d8t, Maull.& StN.Ave. 88
l.st mort., 6k, 1810.. MAS 112
J&J 50
2d M,, income, 6s
Hoa8t.W.8t.&i>.J'''y— .st.k. 200
1st luort., 7b, 1894. .JAJ 100
Niiih Ave
99
Semnd Ave.— Stock
110
Ist mort,, 5.S, 1909. MAN 102
230
Sixth AVB.— Stoclr.
29i>
Third Ave.— Stock
l8tM., 58, 1937
J&J 107
Twenty-third St.— Stock.. 235
102
Ist mort., 78, 1893
4211
103
105
105
85
163
103
110
102
160
117
121
117
Gr'nd
St.
Isl mort., 7s, 1888.
irz
210
110
215.
loe
41
114
52
ib?"*
it;i
115
104
,240
300
110
240
104
—
Bank Slock List Latest prices of o&nk stocks tins week.
BANKS. Bid. Ask. BANKS. Bid, Atk
BANKS. Bid. Aek
I
,
I
207
Am. Exch... 5J
Asbury I*ark
Bowel V
Broadway...
300
35U
,308
3V2" German Ex. 320
290
JOO
Germauia
340
Gallatin
4,merica
Batchs'dt
Chase
Chatham
City
CitizeuH'
German Am.
Green w'.ch..
18»
130
1'.'.
u'entral
Chemical
Qarnold
1155
420
3000
300
—
80
Columbia
Commerce...
Continental .
Corn Kxch...
Oeimslt
blast Hirer.,
llth Ward...
fifth Ave....
Filth
first
First N., S. I.
l«tli Street..
F^nrtti
Im.
..
235
140
&
Trad's'
190
Irving.
I
,
;o()
196
126
....
Hanover
848
Hud. Klver.. 110
'
—
I
i
Leather Mis'
Lincoln
Manhattan...
MarkeWt Ful
Mechanics'..
M'chs'dtTrs'.
N.Y. County. 600
N. Y.Nat. Kx. 135
11
Ninth
Irth Ward.. 150
246
Park
People's
kOO
Phenix
2(i,'>
173
240
205
220
Mercantile... 220
Merchants'.. 135
Merch'18 Ex. 1-24
Metropolitan
Metropolis... iPO
Mt. Morris.. 4.'.0
Murray Hill. 800
165
Nassau
New York... •-'40
N. America.. 165
Oriental
21U
PaciHc .... .. 195
34 6
3<>5
230
200
.
325
270
186 140
Pioiluce Ex. 114
116
Kepublic
187
176'
Seaboard
Second
... 325
Seventh
1^3
ShoeiSLeuth.
16S
St. Nicholas. 126'
125
..
.
Slate oJN.Y. lOO'i
128
Third
102
108
TraUesiueu'a. 100
Unit'd&tates 200
Western
West Side... 2U0
'245
9812
May
TUB OHBONIOLR
30, 1891,]
BOSTON. PHILADELPHIA AND OALTIHORE STOCK EXCHANOBS.
ly Share Prtrea — not Per rantom Price*.
Active Stocks.
Bntnrdnjr,
May 23.
t IiidleutoH iiuhsted.
Atob. T.
A 8.
Pe (Vo»lon).\00
••
Allantli' A Pile.
loo
Baltluiciii" & Ohio (Enlt.JAOO
•
iKt picferrpd
loO
'•
•2il incfcnvcl
loO
Bostou A A llij ny (Bonton) 100
'•
Boston A I.iiwfll
KHi
"
Boston A Mahio
100
Ontral of Mass.
"
100
"
FrcfiM-red
100
"
Chlc.Bur.AQnIn.
100
.
A
Chip. Mil.
31 ><
3I>«
202
202
106
I»6>4
•19
19
88
175
37
U4>a
lOO
]00 21
••
loo 80
Fl. APpreMurq.
••
]00
"
Prpferrcd
loo 77
Hunt. A Br. Top. (Phita ). 50 23^9
"
Profprred
to •46
•<
Lehl(?h Vallpy
50 48»8
Maine Central (Boslon) .100
Mexioan Central
"
lOO 20 »i
A N. Eng.
"
100 35 >«
Prpfprred
"
100 lOlBs
Northeni Central fBall.J 50
horthprn Paelflc (PhUa.l.lOO "2538
"
Prpfprred
100 69i«
Old Colony. ... 1 lioston) 100 1«7>4
Peuusvlvania.. (Phila.). 50
50
Philadel. A Erlo.
"
50 •2913
Phlla.ARpadinif
"
50 1«6„
Bummit Branch (Boston). 50
Union I'apiilc
••
100 4714
United C08.of ff.3.(Phila.)UM 225
M esternN.Y. AParWuto.; 100
"
NY
.
nisrellanenn* Stocks.
Am. Sni-'rRefln.if ciJostou J
Prefprreti
92%
200
i()o
"
25
25
"
195
•18
106
10
87 >9
80>4
6414
*Hi4
6>s
22
80
T[
"
a5
WestEndLand..
'
80
•ii^
22 >s
24ig
47
24>9
4714
4916
477«
21
20>ii
35 »8
36
78
102
lOlOs
6938
Hay
225
224^8
*7»«
87"?
200
411s
15
411a
*15
25I3
2053
251a
94
Col. A Augusta
WilmiuKt'nAWcUlon
"
"
Wisconsin Central... (Boaton)
Preferred
"
Worc'st.NasU.AKoch.
"
M^»(.EI.^A^E^>^s.
(Boston).
Allonez Mining
••
Ailantie .Mining
<lty Passenger KR. . . (Batt.)
Bay State (jas
(Boston).
Bo.ston Land
••
Centeuniiil Mining...
Fort Wayne EleeU-lclI
"
FrauliUn Mining
"
Freuphm'u'aBayL'ud
Huron
.Mining
Illinois Steel
**
••
"
tl
Kearsarge Mining
**
Pewabie Mining
Pullman Palace Car..
Qulnpy Mining
lamarack Mining
*•
Thonis'nKlee.w*
•«
^ Uuli8.«a,
"''.-M
t
24''8
69%
3509
35 14
103
lOlia
64
25 14
25
69 14
COS!
1671a 166
50%
29%
50
•2914
161,,
224''8
1021a 102
•64
69%
60% 69 5e
16i«
89
8914
93I4
4114
15
47
50
50
2^0
200
15
*48
'
16
•5
I
41%
411^8
15'4
250
61
•50
17
47
250
4.) "4
49
48
17
*l«ls
47%
93%
I6I4
15% 15%
431*
25%
25 19
42
16
43
253
258
61
43 >4
48
1714
46% 47
2II4
2014
"
"
43
16
255
16
45% 45
>4
49
17
17
'16% 47
•25% 25%
20%
87
•48
53
*15% 16
43% 43 It
431s
251a
7%
198% 199%i 199
'50
44
7%
20% 20%
•56
•45
•48
AMo. RiverExemiit
5
5
257
60
45%
49
1st, 5s..l!i27,
Ist raort. 6
g., I'.K)H,
AAOi
77% 77%
46% 46%
114
99%
100
;
;
99% 90
Ex
7
22
2
2
14
29<>a
74
16H%
191 .IS
lol 32
97
4
May 23
Jan. 6
Apr. 23
Apr. 33
May 35
Hay 8
3
K«h.
Feb.
Jnu.
Jan.
Jan.
Feb.
Jan.
Feb.
Apr.
Apr.
Feb.
II
14
16
16
6
13
10
28
29
10
May 1
689 Jan. 12
5238 Apr. 23
27 230 Feb. 6
Feb. 11
26
10 17',.
51
Jan. 14
31
14
31
37
14
31
9
10
5
17
31
6
2439 Apr. 23
AtOc
Bid.
58, r
FAA iVs"
FAA 41
Sehiiyl.R.E.Side.l8t5 g.l935, JAD
Steuben. Alud., Ist m.,5s. 1914, JAJ
1894, AAO
United N. J., Og
Warren A Frank.. lst,7s.l89ti,FAA
118
t
105% 106%
105
,
.109%
Bonds.— Baltimore^
I
19(5/, JAJ 120
li>0O, AAO 103
Ohio 4g., 1935, AAO 93
1925, FAA 104
Pitts. A Conn., 5 g:
Btaten Hlaud. 2d, 5 g.l926. JAJ
Bal.AOhio8.W..l8t,4%g.l990,JAJl "9.5"
Atlanta A Charl., l3t7s,
Income 63
.
Baltimore
A
. .
I
1
9
Jan.
Jan.
rlKbts.
Pitts. C. A St. L., 78. ...1900,
I2II41 Po'kecpsic Bridge, 6 g.l936,
MASS
3
1919, Var| 111
1913, JAD; t.
Coliat. Tr. 4% g
Pa. A N. Y. Canal, 78. . .1900, JAD 120%*....„
Consol. !>s
1939, AAOl
Perkiomen, Ist 8cr.,58.1918, Q-Jj 101%'.
111
Pnila. A Erie gen. M. 5g.,1920, AAO
Gen. mort,, 4 g
1920, A&O
08>s
Phila A Read, new 4 g.. 1958. JAJ
78% 79
63
1st pref. income, 5 g, 1938, Feb 1
68>S
37
37%
2d pref. income, 5 g, 1958, Feb. 1
28% 28%
3d pref. income, 5 g, 1958. Feb. 1
1893, AAO 106%
2d, 78
1911, JAD 128%
Consol. mort. 7s
1911, JAD' 116%
Consol. mort. 6 g
Improvement M. 6 g., 1897, AAO 103%
Con. M.,5 g.. stamped. 19-22, MAN 100% 100%
100
Phil. Wilm. A Bait., 48.1917, AAO
2%
91
61
20% May 26
4,810
Penna. Consol.
13%
86
88
93
Keh.
93% Jan. 13
May 1
Bonds.
70
100
88
40
66!^
5,263
Ask.
Gs.JAJiS
1 918, JAJ; s
liU0,JAJ!5tb6
Jan. 19
3i>%Jan. il 46% Mar.
556 13% Jan. 2 17 Jan.
137 246 Jan. 3 280 Mar.
49% Jan. 27 55 Feb.
60 45 May 18 49 Jan.
74 46i>8 Jan. 3 50% Mar.
36 15 Mar. 30 24 Jan.
520 46 Mar. 25 48% Feb.
7 50 Jan. 3 63 Hay
460 123gjan. 2 19% Feb.
1,147 41% Mar. 10 49 Jan.
578 25 Feb. 5 26 Jan.
44%
16%
46% 47
K.C.C.ASpring.,l8t,.'5g.,U)J5,AAO:S 92
a5%
107
K. C. F. S. A M. con. 6s, 1'.I2S, MAN
927,
MAS
Blr.,l8t,5s,l
89
K.C. Mem. A
K.C. St. .To. AC. B., 78. 1907, JAJ «tI16
94
L. Rock A Ft. 8., 1st, 78. 1 905, JAJ 5l
Loul8.,Ev.ASt.L.,l8t,6g.l926,AAO
'936,
AAO
2—
2m.,
6 g
1925, AAO St
,101%
Mar. H. A Oht.,63
1923, JADS
|l01
Extcn. 63
Mexican Central, 4 e... 1911, JAJ § 71
Incomcs.Sg.uon-cum.S
ii5%
37
1st consol.
31
2d consol. incomes. 3s, non-euui.ls 19
1905,
1st,
79,
JAJ'SUS
N. Y. A X.Eng.,
1905, JAJ 5 110
Istmort. 68
1902, FAA hoo 1IU2
2dmort. 68
102.
2d niort., scaled, 5»... 1902, FA A
1
7% May
divi dend.
2%
s
13
I-. I..
20%
1
15% 15%
43% 43
43%
25% 2556 •25% 25%
20% 20% 20% 21
13=8
8
te
20
305 tl84 Jan. 29 220
43
60
Feb.
13
J»<i.
Aiir.
88% 12,759 58% Jan. 17 9238 Apr. 20
677 84% Mar. II 94 Jan. 14
199
•15% 16%
Bid.
98%
IS1
Jan. 36
224% May
180
50
j
27
7%
•16% 17%
51
51
:
45
4%
42
4,832
196
45<>8
88% 89
93% 93%
89»8
200
•I4I9
250
7%
7»8
CapeF.AYad.,8er.A.,6g.l9l6. JAD
191(i. JAD
Scries B., 6 g
1916. JAD
Series C, 6 g
1939. MAS;
Cent. Ohio, 4% g
Charl. Col.AAug. 1st 78.1893, JAJ'
Ga. Car. 4 Nor. Ist 5 g..l929. JAJI
1900, JAJ,
Nonh. CenL 6a
1904, JAJ;
6s
1926, JAJ;
Series A, 58
1925, AAOl
4%3
Oif.AClark.,iut.gu.,6g.l937..MAN|
Pletlm.ACuni.,lst, 5g.l91I, FAA
Pitts. A Connolls. 1st "s. 1898. JAJ'
tai
105%
1
98%
I
109
I
"96%
102% 102%
iqii% 103
l(V2% 103
100
I
109%
101% 102
114% 115%
lO-t
115
110%I
103
100 101
100
114 |114%
..1906.
117
118
68.
MASi
Mid..
Ist
Virginia
:108
•Atlantic City let 5s, g., 1H19, M&N
1911 MASi 115% 119%
2d Series. 6s
Belvidere Del., 1st, Us. 1!>02, JAD. 111
MAS
107
109
1910,
68
Series,
3d
IsiOO, FA.V' 118
Catawls.sa, M., 7s
„„
HO
4th Scries, 3-4-6S.....1921. MAS
Cbar.Cin.AChie.lst -ig. 1947.Q— Jl
29
100%.
1
SI
ASi
101%
926.
58
6th Scries.
Clearfield A Jpir.,l.'^t,i!-.19-.>7, JAJ,
6
;iiii>-04, MA.S 112%
West Va. CAP. l8l,6g.l9ll. JAJi 107% 108
Conncpting. (is
16
17
95
97
JAJ
g.l9I4,
Consol.
6
West'n N.C.
12%: 12% Del. AB'dBr'k, 1st. Ts.r.MW.FAA t
108%; Wllm. Col. A Aug.. 6S..I9I0. JAU 118 118%
18
18% iEa.stonAAni. l8t.M.,.-.s.l920,.MAN
MIS^:ELLASE^>t'-S.
6
6% Elmir. AWilm..l8t.()S.l!ilO, JA,I.
Baltimore—Cily UallOs. 1900. Q^I| 110 116%
Hunt. ABr'dTop,Con.5s.'95,AAO 101%'
2%
117%
1900, V{-J. 116
Fandlng6»
19l4,t>— J 107
70
Lehigh Nav. 4 %»
West Maryl'd KB. 6».. 190J, JAJ 120 12-i
1H97.JAD 112 1113
2d«is,gold
13% 14
12^
MAN
125%
1916,
58
Water
79% Goneralmort. 4%s, g.l924,Q— F 100
125
19!6, MAN 124
Funding 5e
1,1198
Lehigh Valley, 1st 68.. .1898, JAD 113%'
lUiMi.
JAJ^
102%
lOJ
3%a
Kxcbange
1910,MA8 130%
2d 78
37% 88
1900. JAD 107% lOS
ChciiaueakeOas.6s
1933,JAD 127
Con.sol.6
1910. JAU 112% 113%
ConsoLGa8,S*
.il8i
NorthPenn. Ist, 78....18»6,MAN 112%
1939.JAJI 99% too
5»
I903.JAJ. l-.'5%
Gcn.M.78
105 illO
1913.
AAO 1U5% 106%
Gas,
6s
Equitable
128%
Pennsylvania gen. 68, r.. 1910, Var
152 ^154
J.tJ
n4%
,
Ogden. A L. C.,Cou.6».1920,AAOi Itioi
1920
Inc.6s
1 902, MAN §
Rutland, Ist, 6b
1S08, F&A 5100
2d, 5s
gonds.— Philadelihia.
eny Val.,7 3 10s. l.sjltj JAJ 110 1111
1
I
1
.
'
I
'
'
I
;
I
1
I
,
I
I
I
I
j
'
i
j
I
I
!
I
!
1.
1
I
I
"
16% 16%
•6%
46%
IBI,,
46% 46%
iEree.Elk.AM.V.,l8t,6».UKW,AAO|St
Unstampedlst, 6s-.-.1933,AAO 5
6638
lit
4.639 21% Jan.
9,400 eSBg Jan.
60 1G4 Apr.
3,469 40<% May
100 28 Mar.
9,468 14% Mar.
693e
1
708
71a
41I4
46
48
19
65
224% 224% 224% 224% 224% '224% 225
92% 93
•45 "4
6838
166
167%
60
60% 50% 50%
•29% 29% •29% 29%
47%
47
101
24% 25
166
ice
50 1«
.M)
101
•64
25%
25
47
20% 20%
349g 34%
102
25 14
34 >« Apr. Si
Jim. IS
662 80 May
85%
300 18 Mar.
26%
6 76 Mar
86«.,
608 17% Jan.
34%
320 43% Mar.
47%
816 46% Mar.
51
21 140 Jan. 13146
1,356 17% Mar. 23 2439
3,097 32% Mar. 9 41!>»
247 99% May 18 116%
9 64 May 26 66%
80
47% 48
20% 20%
35^ •35% 35%
Illi^eat.
Mar.
870
4'% Mar.
86 Mar.
137 Jan.
113 Jan.
66 193 Jan.
42 173 Mar.
267 192 May
60 16% Jan.
219' 34% Jan.
4,933 76% Mar.
20,900 61 Jan.
8 41
Mar.
10
6
Mar.
636 17 Mar.
77%
24% 24%
47
20%
•2914 29%
I6I3 163|e
46%
8718
2.'50
*.=)6'9
Eistem
i|
Morris uanai guar. 4. (Phila.).
Preferred guar. 10
'•
Osceola Mining
(Boston).
35>8
47 '4 4714
47% 48
140 14S
•2014
8-»«i«
lA>iitm%.
24%
07,092
•21
24 >s
Det. Lans.ANor'nM.7s.l907.JAJ:i|luO
67
.(Boston)
Wllm.
77%
24%
47% 47%
47% 48
Current River,
t
'•
Preferred
"
West Jersey
(PhUa.).
West Jersey A Allan.
Western Maryland..
(Bait.).
771*
i'i'ii
86
110
202
176
•6%
•211,
Burl.ANor. lst5,l!)2C, AAO|
1U18, JAD'
2d raort. 68
1 896. JAD
Debenture 6s
Chie.Bnrl.AQulncy48..iy22,FAA;S
1H19, AAQlJ
Iowa Division 4s
Chlc.AW.Mieh. gen. 5s, 1921, JADlS
Consol. of Vermont, 58.1!)i:<, JAJ[5
(Bait.)
,
West End
80
Chic.
(Phita.).
A Koauoko.
80
Plain 4s
(Phita.)
1st prpfcr«Hl
80
Non-exempt 6»
Manehester A Law.. (Boston).
Maryland Central....
(Batt.)
Seaboard
80
253
Burl.
.
'*
^esquehoiLiug Val
KortlieruN. H
(Boston).
North Pennsylvania. (Phita.).
Oregon Short Llne...ri<o»to»»;.:
ParkershurK
(Bait.)
Pennsylvania A N. W. (Phita.)
KaleiKh A Gaston
(Bait.)
Kutland
(Boston).
Preferred
80
At.Top.A8.1<M90-yr.4g.,10S9. JAJ
100-year income 5 g., iaS9.8ei>t.
Har.Ports.Mt.JoyAL.
A S. Haven
80
200
4110
151s
6%
80
77i«
81!%
64%
43% 43%
•21
*77
Bhareii.
e3<%
21
71s
88»8
88%
H9>4
ei<%
0%
Inactive stocks.
2d preferred
Central Ohio
(Bait.)
Charl. Col. A Augusta
"
1
Coniieetieut A Pass. (Boston).]
••
Connepticut Kiver ..
:
Delaware A Bound Br. (PAtZa.).]
Mine HIU
64«R
Thom.Europ.E.WcldH (Boston) 100
"
100
Water Power
•'
50
Westhi£liouse Elec.*!
Boston.
Bonds.—
"
"
Little Pehuylkill
88
65
21
8
Ask.
Bid.
29.
Kan. Cy Ft. S. A Mem. (Boston)
K.C'ylt S. Atiulfpf.
"
K. City Mem. A Birm.
"
88%
21i«
X Kx
••
1st preferred......
175
io.
195% 106% 190 190%
18% 18% 18
19
•37% 39
37% 88%
19
88
*5ia
4614
200
202
176
21>a
16I>%|
224%
302
Ok
64
92% 92%
92-1j
Bo.stoii
Catawissa
18
•5la
15
A Charlotte (Bo/<.).]
A Providence {Boston).
Camden A Atautie i>f. (Phita.)
202
zoa
170
176
118%
Il9«t
211s
102
47 14 48
47>4
•84
•130
•117
*5ia
20% 20%
701a
4%
2119
20%
3618
.
37»« •37
89i« x-<cHj
64 'a
«4«H
68%
63%
4%
30%
90
•195
10
43
50»8
2914 2914
1614 16»i,
4II3
Atlanta
176
196
•18
8719
SI")!
Banse of Mtoi la lt9\,
W«ek,
Frtdoy,
May
28.
8IV1
B
"4
lisia
2031a 202
47
48
50
16I|,
•4
*85
47
48
167
50
30
20a
176
196
5
May
37.
81%
31
....
24 13
25 14 253e
25»8
703e
1«7>4
31 »B
24>9
104
65
65
"
2I1.J 2134
Bid and aslced pnees; no sale was made.
Prices of
e>«
77
24
47
200
Inactive Stocks.
89i«
6S>4
22
80
21
Calumet A Hecla
"
25 '250 252
252
Canton Co
fj?a«.;.l00 '55
••
Cou.«()liflatedGa8
*45'4 46
*45'4
J 00
Erie Telephone (Boston). \00
48
49
48
I/aui.son Store Ser.
"
50 •I714 I8I4
17
I-ehi'h CoalANav
FhU./ 50
47
47
47
h.Eng. Telephone iB'tsl^n)100 51 13 52
50
Aorth American. r/^A«.;.100
16^ 16% 1614
Thomson-H'uEl. ^(BosVn) 25 44 1^]
44
Preferred
SO'g
85
May
of tbe
ThurMtny,
WedneiMlkX,
26.
5
...
202
37
esig
86f8
86
••
••
323^
202
175
.
Bell Tplei)h<»np ..
Bost. A Sloutaua
ButteABo.-Jton..
May
25.
90
'•
Profirrcd
Fltchlimjt m-pf.
TucMlny,
May
115
St. P.
A
Clevp. A Canton
32
Monday
•4Tg
•85
(PliUj.lOO
W. Miph. Ci(o.«to« J. 100
Clik-.
626
And aeorued interest,
i
I
.1
'
f
Consol. <N.e
Last price this week.
in05.
Vnr 121
VInrlnIn
iBt..te> 3.<.
new
UI32.
86%
THE CHRONICLE.
826
NEW YORK STOCK EXCHANOB PRICES
\Clos'ng
KaU-KOAD add MISCEL. BONDS.
I
i
^»"«^«'
.f'""'*
Period. May 2d
—
& J 79 14
At.Top.&S.F.— lC0-yr.,4g.l989,J
lOQo
=~
46 14
1989 Sept.
100-year iucoiue, 5
g
11 I0.
Atl. & Pac— W.U. inc., 68.1910
71 b.
J
&
Jl
1 937
Guaranteed, 4 g
Brookl'n Elevat'd let, 6, g.l924 A & o:iio%a.
Can. South.— l8t guar., 58 1908 J & J 105%
1913 M & S 96%
2d, 5s
116»4b,
Central of N. J.— Cons., 78. 1899
N, ,„„,
123 a.
1902
Consol., 78
JilOgifi
General mortgage, 5 K--1987jJ &
LelL&W.B..con.,7s,a8'd.l900, Q-M 111 b.
1912 M & N| 99
do. mortgage, 58
-"'--
Range
(Contlnaed).-4Cr/F£
(sales) in
r
,
Lowest.
75
„
]
Mar.
'
801a Apr.
53 Jan.
3838 Mar.
11 Mar.
14 Jan.
7012 May
75 Jan.
108'e Apr. II214 Jan.
104% May 10714 Feb.
9513 Jan. 100 Feb.
115 Jan. 118 Mar.
120 May 123 Mar.
107 Jan. lll'^e May
110 Feb. 113 Jan.
9512 Mar.
99 May
105% Mar. 1081a Jan.
Am. Dock & Imp 58.. -.1921 J & JI1O8
llOigMay
112%
Mar.
&J*,
11114b,
J
Central Pacittc— Gold, 68.. 1898
114 Apr. 117% Mar.
Clies. & Obio— Mort., 6 g..lJll A & O 114 b.
lOOia
N
Feb.
&
9512b.
May
941a
1939
lstconso;.,5g
& J
B.&A. Div.,l8t con..4g.l989
& Jl 67 b. 67 Jan. 7112 Feb.
l8t con., 2-4g. 1989
do
J 6914
68 Jan.
73 Feb.
<fc
do 2dcou.,4g...l989
104 Jan. 112 Apr.
& A 105
1911
Cbes. O. & So. W.— 6g
J 121 b 120% May 123 Jan.
Cliic. Burl. & Q.— Con., 78.1903
96 b. 98I4 Jan. IO2I2 Apr.
1913
Debenture, 58
95 Jan.
1922 F & A S7i4b. 8714 May
Denver Division, 48
M
85>4
84 May
88% Jan.
Nebraska Extension, 48.1927
Chic. & E. 111.— lst,8.f.,68.1907 J & D lllisb. 113 Jan. llSSbApr.
119i2Apr.
121
A
&
O
120 b.
Jan.
1934
Consol., 6g
96 a. 95 Jan. 100 Apr.
General consol. Ist, 5a..l937
9212 Apr.
Chic. GasL. <SiC.— Ist,5g.l937 J & J 91 a. S3iflJan.
120 Jan. I2512 Feb.
Chic. Mil. & St. P.— Con. 78. 1905 J & Jil23
&J*|llli8b. 110 Jan. I1214 Apr.
let. Southwest Div., 6B.1909
& JiH2i8 110 Jan. 114 Feb.
l8t, So.Mln. Div., 68. ...1910
104 Jan. 10738 May
& J 104
iBt.Ch.&Pac W.Div., 5s. 1921
9413 Apr.
& j\ 98
98 Jan.
Chic. &Mo.Kiv.Div., 58.1926
101 Jan. 103 Jan.
& J;ioi
Wis. & Minn. Div., 5 g..l921
100 Mar. 103 Is Apr.
& J 102
1914
Terminal,5 g
8412 Mar.
& J 84
87 Feb.
Gen. M., 4 g., scries A.. .1989
107 >« Jan. 112 Feb.
& d:iii
WUw.&Korth.— M.L.,68.1910
107 Jan. 112 Apr.
& D.lll
1913
let, con., 6s
136 May 139% Apr.
Chic. &N.W.—Coueol., 78.. 1915 Q-F 135
125 Jan. 127% Feb.
1902 J & D 125
Coupon, gold, 78
0*115 b. 1141* May 115 Feb.
1929
Sinking fund, 68
OtlOSiib. 105 Jan. 108 14 Feb.
1929
BiBkiug fund, 58
& N,*102 b, 103 May 109 Feb.
Sinking fund deben., 58.1933
1909 M<& N: 10312a. 1041s Jan. 105% Apr.
25-year debenture, 5
1926 F <& A| 94 b. 94 May 100 Jan.
Extension, 48
Chic.Peo.&St.Louls— 5g.l928,M & B gsifib, 95 Apr. IOOI3 Jan.
Chic.R.I.& Pac— OS, coup. 1917 J & J123ieb. 123 14 May I2714 Feb.
95i4Mar. 9912 Jan.
Extension Hnd col., 58... 1934 1 & J 971s
Chic. St. L. & Pitt. -Con., 5g. 1932 A & 0101 a. 100 Feb. 103
May
Chic. St. P. M. & 0.-68. . . .1930 J & D117 b. 116 Jan. 119 Jan.
Cleveland & Canton— 5 g. .1917 J & J; 90 b. 861a Apr.
911s May
129 Jan. 132 Feb.
C. C. C. & I.— Consol., 7 g.l914 J & D
J
j;il8i4a.
&
116
May
121
consol.,
1934
General
6 g
Mar.
102 Jan. 106 Jan.
1900 F & A 104
Col. Coal & Iron— 6 g
Apr.
Col. Midland— Con., 4 g...l940 F & A •62 b. 62
71 Jan.
& B SO»eb. 79 Is Apt. 86 Jan.
Col.H.Val.&Tol.— Cou.,5g.l931
1904 J & D 86 b. 84 Jan.
General,6g
88 May
Denver & Elo G.— Ist, 7 g.l900
& N 114 b. 11508 May 11912 Feb.
let consol., 4 g
1936
& J 81%b, 79 Jan. 83 Feb.
& J
91 Jan.
Det.B. Clty<& Alpena^—6 g. 1913
961s Feb.
Det. Mac.& M.— L'dgrants. 191
& O 30 b. 291s Jan. 32 "4 Feb.
Dul. & Iron Range—58
1937
& O 97 a. 95 Jan. 100 ig May
Dul. So. Bh. & Atl.— 5 g.... 1937
& J 95'sb. 95 Jan. 99 Feb.
E.Tenn.V &G.— Con.,5g.l956
9914
96 May 104 Jan.
KnoxvlUe & Ohio, 6 g...l925 J A J lOSijb. 103i4Jau. IO918 Apr.
Ellz. Lex. & Big San.—6 g.l902
& 8 89 a. 88 Apr. 95 Jan.
Ft. W. & Denv. City—6 g..l921 J & D IO314
99^8 Jan 105 Jan.
Gal.H.&8anAn.-W.Dlv.lst,5 g.
92 b. 92 May 95 Apr.
Han. & St. Joa.— Cons., 6s. 1911
& S 113 a, 110 Mar. 117 Jan.
Illinois Central—4 g
1952 A & O
93% May 97 Mar.
Int. & Gt. No.— l8t, 6 g
&K111 b. 111 Jan. 115 Jan.
1919
Coupon, 6 g., trust rec..l909M & 8 68
68 Mar. 76 Jan.
Iowa Central-^ Ist, 5 g
1938J
85^1
80% l;eD. 87 May
Kentucky Central 1 g
198'. J & J 81
b. 781s Jan.
8212 Jan.
KlngsCo. El.— l8t,5 g....l925 J & J lOOHi
9714 Apr. IOOI2 May
Laclede Gas— l8t, 5 g
1919 Q— F
75 a. 75 May
82i3Jan.
Lake Erie & West.— 5 g.
] 937 J
& J 105 b 1051a Jan. lOO'e Jan.
L. Shore— Con. cp,, 1st, 7s. 1900 J & J* 12112a. 1201s Jan. 122% Jan.
Consol. coup., 2d, 78
1903 J & D 1221a |122 Mar. 124 Jan.
Iiong Isl'd— lBt,con., 5 g.. 1931 Q—J 115 a. 110% Jan. 1151s Mar.
General mortgage, 4 g..l938 J & D 91%a. 90 Jan.
921s Jan.
M&
,
M
M &K
&N
M &N
A&
A&
M
M
MAN
M
M &N
M
M
&D
—
. . .
A & 0|lll b.lnli4May 1155eMar.
& J 115 b. 114 Jan. 118 Feb.
& JjllO b. 106 Mar. Ill Is May
E.
J & D114 b.lllliaMar. 113i4Apr.
General, 6g
J & D|115>«b.lll3 Feb. 117 May
Collateral trust, 5 g
M& N 98%b, 99 Way
1031a Feb.
Xoois. N.A.&Ch.— 1st, 68.1910 J & J 108
101 Mar. Ill Jan.
Consol., 6 g
1916 A & O 93 a. 84 Mar. 98 Apr.
Louis. St L. ATexas—6 g.l917 F & A * 82 a. 78
Jan.
88 Jan.
Metro. Elevated— 1st, 6 g.l908 J & J 1131a 11158 Jan. 115 Feb.
2d, 68
1899 M& N 104
104 Jan. 108 Apr.
Mich. Cent.— 1st, con., 78. .1902 M & N 120
11912 May 1241s Apr.
Consol., 58
1902 M & N 10712b. 107 Mar. 108 Feb.
Mil.LakeSh.&W.— I8t,6g.l921 M &N 120'4b. 118% Jan. 127 Apr.
Exten. & Imp., 5 g
1929 F & A 981a
98 Jan. 101 'e Jan.
M. K. & T.— Isl 48, g
1990 J & D 78 14
74% Jan. 79% Feb.
2d 4s,g
1990F & A 41
3612 Jan.
441s Jan.
& Nash.— Cons.,
&Mob. Ist, 6g
do.
2d, 6g
H. &N. Ist, 6g
XiOulB.
7s. 1898
N.O.
1930
1930
1019
1930
1931
Mo. Paclflc— l8t,
g.l920
3d.7s
1906
Pac.of Mo.— I8t,ex.,4g.l938
2dmort.,78
1891
Mobile & Ohio— New,6g.. 1927
General mortgage, 48... 1938
Mutual Union Tel.—6 g
1911
Kash. Ch. & St.L.— 1st, 78.1913
Cod., 5 g
1928
con., 6
»OTB-"b" Indicates price
J
J
MAN
105
103
MAN
nil
112
F & A 9712a.
a.
b.
96
&
J &
M &
M&
J &
A &
bid;
'•
May Ill
May 116
Mar.
Apr.
Apr.
100
Jan.
H713
Apr.
Feb.
J 10278b. 991a Jan. 103i4May
J
D
11512b. 112
8
66
b.
63
Jan.
Jan.
70
N 100 b. 100 May 105% Feb.
J l26^b.ll25 Jan. 127 May
O 103 b.'l04'^8 Apr. 107% May
a."
price ashed
;
the Range
NEW YORK STOCK EXCHANGE
SECURITIES.
Bid,
Ask.
Railroad Bonds.
Alabama Mid.— Ist, g., 6s
1928
Atlantic A Dan> .— 1st g., 6s. .1917
A Pac— 2d W. D., gu. 68,. 1907
Bait AObio— l8l,68,ParkB.1919 '113%
87
Atl.
68, gold
Mo price
goll. 59
19^5 104
1988 •107
117
105
,
May
&N
JAN.
Cms" ng Range
Pnce
Inter' st
IPeriod.
1
101
J 125
1,
1891.
(sales) in
Lowest.
|
Highest,
b.'100%May IO314 Mar.
made up from
&0
b.'l26
».105i2May 110
b.'118'sMay 123
|
.
I
I
D
M
'
—
&N
!
.
AN
_
AN
I
C—
M
AN
MAN
actual sales only.
*
Latest price this week.
Bid.
95
BONDS-MAY 29.
SECURITIES.
Ask.
Bid.
Ask..
Rap.ANo.— (Contin'd)—
Minn. A St L.— 1st 7s, gu..l927
Burl. Ced.
'99%
Iowa C. A West— 1st, 7s ... 1909 100
Bost H. Tun. A W.— Deb. 5a. 1913
98% 99% Ced. Rap. I. F. A N., 1st 68.1920
Brooklyn Elevated— 2d, 3-58.1915
85
1921
Ist 59
Bufl. Roch. A Pitts.— Gen., 58.1937
95
C.Ohio— Jol. ACin.M.lst,4%8.1939
Roch. A Pitts.- 1 fit, 68
1921 *117%
Oant KR. A Bank.— Col. g.5s.l937
92
do
Con8olidat'dl8t6s.l922 114% 116
Chat RomcA Col.— Gtd.g.Ss 1937
Burl Ced. Rap. A No.— l8t5B.1906
96
Sav.A West— l8tcon.gtd.58.l929
Onnsnl. ft collat, trust, fts... 1934
Oflnt of N. .7.— Coiiv. rti>h.. fis. 190S i'ls'
85
Friday j these are the atest quotation*
—
1891
.
I
29,
Mar. I2714 Apr.
Jan.
Mar.
90%
89^8 May
Jan.
95%
N.Y. Elevated— 78.....:... 1906 J <fe J 115 a.'lll ' Jan. 115 Apr.
N. Y. Lack. & W.— 1st, 6s. 1921 J &J*|130%a.'127%Jan. 132 Jan,
Construction, 58
1923 F & A'l09%b.'108 Feb. 108% Feb.
N.Y.L.E.&W.— Ist,con.,7g.l920 M & S133 b.'l33 Jan. 137% Feb.
Long Dock, 7s
1893'J & D 108 a. 105 Jan. 107% Apr.
Cou80l.,6g
1935, A & O 118 b. 115 Jan. llBMMay
2dconsol.,6g
1969 J & D 100%
96=8Jan. 102% Apr.
N. Y. Ont. & W.—Ist, 6g..l914iM & 8 111 b. 110 Mar. 115 Feb.
Consol. Ist, 5g
1939 J & d; 95
92% Jan. 07% Apr.
N.Y.bus.&W.— l8ti-ef.,5g.l937 J & j' 99 b.' 94 Jan. 10»i4 Feb.
Midland of N. J., 6 g....l910 A & 0':ill%b.'lllis May 115% Feb.
Norf. & W.— 100-year, 5 g. 1990 J & Ji 90 b. 93 Jan, 100% Feb.
North.Pae.— lst,coup.,6g.l92l[j & J 11634 113 j.,u. !117% Apr.
General, 2d, coup., 6 g..l933|A & O llOiib. 109 May 1I1414 Mar.
General, 3d, coup., 6 g.. 1937 J & D 110 b. 107% Jan. 11314 Feb.
Consol. mort., 5 g
1989 J &
83%
8058 Apr.
85^8 Jan.
North. Pac. &Mon:— 6 g...l938|M & 8 104
103 Apr. 109 Feb.
North. Pac. Ter. Co.— 6 g.. 1933, J & J 105 b.'l05 Jan. 1 10 Mar.
Ohlo&Miss.— Con8.8.f.,7s.l898 J & J,*110 b.;llO May 112 Feb.
Consol., 7s
1898 J & J|*110 b.'lll Mar. 112 May
OhioSouthern— 1st. 6 g...l921 J & D,105 l).:103%Jan, 110 Mar.
General mort., 4 g
1921
& N: 58i4b. 55 Jjn, 63 Feb.
Omaha & St. Louis—4 g ..1937!j & J
53 Jan.
58% Jan»
Oregonlmp. Co.— 1st, 6g.l910iJ & D 100%
90 Jan. 103% Feb.
Consol., 5 g
1939|A & O 66'8
65% May 74 Feb.
Ore.K.&Nav.Co.— l8t,6g.l909|J & J, 108% 107% Jau. 110 May
'"
"
Consol., 5g
1925J
92 Jan. 100% Mar.
Pa. Co. 4% g., coupon
1921 J
104 May 106 Jan.
Peo. Dec. & Evansv.- 6 g..l920 J
100 Jan. 109% May
EvansviUe Div.,6g
1920 M & S 101%b.; 95 Jin. 103 Feb.
67%b.i 66 Jan.
1926;M
74'8 Apr.
2d mort., 5g
Peorla&East.—Cons., 48.1940 A & 0*7o%b. 74i4May 80 Feb.
Income, 48
1990 April.
18 Jan.
22 Jan.
Phlla. & Read.- Gen.,4g.l958 J & J 78=8
77% May 82 Feb.
5314
1st pref. income, 5 g...". 1958 Feb,
47% Mar. 58 Jan.
37'6a. 32
2d pref. income, 5 g
1958 Feb.
Mar. 38T8 May
28 b. 2514 Mar. 30 Jan.
3d pref. income. 5 g
1958 Feb.
Pittsburg&Western- 4g.l917 J & 3 77%b. 75% Jan.
81 Feb.
Kloh &Danv.— Con.,6g..l915 J & J 115 a. 115 Jan. 118 Jan.
Consol., og
1936 A &. O 80 b. 86 Apr. 91% Jan.
Bioh.&W.P.Ter.-Trust,6g.l897 F & A 95
93 May 100% Jan.
Con.lst&col.trust,5g.l914'M & S 65
64 May 75 Feb.
BloG. Western— ist, 4 g.. 1939 J & 3 7614
74 Jan.
77% Feb.
108 %b. 105 Jan. 114 Mar.
B. W. & Ogd.—Con., 58. ...1922 A &
•85 b. 82% Mar.
St. Jo. & Gr. Island— 6 g..l925 M &
92% Jan.
St. L. Alt. & T. H.— Ist, 7s 1 894 J &
110 Jan. 110% Mar.
2d pref., 78
I04%b.l04 May 107 Jan.
1894 F &.
St.L.Ark.&Tex.— l8t,6s,t'8t.rec
81%
78% Jan. 85 Apr,
17%b. 17i4Mar. 21 Jan.
2d, 6s, 1936, tr. recall ass.pd.
St L. &IronMt.— l8t7s...l892iF & A 103
101% Feb. 105 Jan.
2a,7g
1897M & N 104%b.l04% May 108% Apr.
Cairo Ark. & Texas, 7g..l897J & D 107 b.;i03%Jan. IO714 May
Gen. R'y Aland gr.,5g.. 1931 A & O 85%b. SI May
93% Jau.
'
StL. ASauFr.— 6g.,Cl.A.1906M& N 107%b.'ll0 Jau,
112% Apr.
6 g.. Class B
19061mA N 107%b.'l08 May 113% Apr.
107 %b.' 108 May 314 Apr.
6 g.. Class C
19061m
General mort., 6 g
1931 J A J •104 b. 104 Apr. 110 Jan.
e.P.M.AM.— Dak. Ex., 6 g.l910'M A
114%a.'ll4 May 118 Jan.
115 b. 114 Mar. 117 Feb.
let consol., 6 g
1933 J A
*101 b.'loo Mar. 102% Feb.
do
reduced to 4% g... J A
Montana Extension, 4 g.l937 J A
86 a. 80 Jan.
87% May
SanA.AAran. P.— Ist,6g.l910 J A
62 Jan> 74 Feb.
lst,6g
60 b. 62 Jan,
1926 J A
73% Feb.
Bhen. Val.-lst,7g., tr. rec.1909
126% Jan. 133% Apr.
Gen'l 6 g., Tr. rec. a88't'd.l921
54 b. 55 May 6II4 Jan.
80. Car. -Ist, 6 g.,ex coup. 1920
106 a. 103 Jan. 107 Feb.
Income,6s
21%
13 Jan.
27 Apr,
1931
80. Pac, Ariz.— 6 g
1909-10 J A J 102 b.'l01%Feb. 103% May
Bo. Pacittc, Cal.— 6 g.... 1905-12 A A 0I112 b. 109% Apr. 114
Mar.
Ist, consol., gold, 5 g
1938 A A O 99 b. 99 Jau. 101% Max.
So. Pacittc, N.M.— 6 g
1911 J A J 103 b. 10214 Jan. 104 Apr.
Tenn.C.I. ARy.— Teu.D.,l8t,6g!A A O 88 b.j 86 Jan.
94 Jan.
Birm.Div.. 6g
92 May
96% Jan.
1917 J A J 95
Tex. A Pac— Ist, 5 g
2000 J A D 9014a. 85% Jau. 90% Apr.
2d, income. 5 g
2000 March. 31 a. 2914 Mar. 3514 Jan.
93
Tola. A. AN. M.— 6 g
93 Jan.
1921M
99% Feb.
Tol. A. A. A Gr. Tr.- 6 g
106 b. 104 Jan. 108 Apr.
1921
Tol. A Ohio Cent— 5 g
101 a.;l02i!8Jan. 107% Jan.
1935
74 b. 73% May 77 Jan.
Tol. Peo. A West— 4 g
1917
Tol. St L. A Kan.
85 a.| 82 Apr. 91 Jan.
6g..l916
112i4b.'lll% May 114% Mar.
Union Pacittc— 6 g
1899
Slukinirfund.Ss
1893
A 8 108 b.'l07 Mai' 111% Feb.
CoUattrust4%
191slMAN,*69 b. 69 Feb. 74 Apr.
KansasPaclfle- Ist, 6g..l895iF A Aa07 b.'l07%May 111 Jan.
IstOg
1896JA D!l09kb.:i08 Mar. 109=8 May
DenverDiv.—6 g
1899'MA NllO
109% May llli4Mar,
l8tcousol.,6g
107%b. 107% May 111% Apr
1919 M
Oregou Short Line- 6 g..l922 F A A 102%b. 100 Mar. 106% Jan.
Or.S.L.AUt'hN.— Cou.5g.l919 A A O 75%
73 Mar. 80% Feb.
U.P.Deu.A Gull cou. 5 g.l939 J A » 78
77 May 82 Jau.
Union Elevated— 6 g
1937 M A N* 107%b. 106 Jau. Ill Apr.
83 a. 81 Jan.
Virginia Mid.— Gen. m.,5s, 1936
89% Feb.
do
stamped guar.'M A N '85 b. 83 Jan. 90 Feb.
Wabash— I8t5g
96% May 102 Feb.
1939 M A N 98
2d mortgage, 5 g
1939. iF A A 74%
70 Feb.
77% Jan,
DebentM.. series B
1939 J A J 33 b. 27 May
35% Apr
West Shore— Guar.. 48
2361IJ A J 102% 100 Jan. 103 Jan..
WestN. Y. APa.— I8t5g.l937!j A J 99%a. 96 Jau. 101 Feb.
2dmort,3g.,5.so
35% Feb.
1927iA A O 31 b. 30% Jan.
WestUn. Tel.— Col. tr.,5s.l938,J A J 99%a.' 98 Jau. 100% Apr.
97 Jan..
Wis. Cent Co.— Ist 5 g
1937IJ A J 91 b. 91 May
Income, 5 g
1937'
45 Jan..
40 a. 34% Jan.
4,
M & S 107
M & N 118
1st, g., 4%8...1990
Mon. Rlv., l8t g., g. 58
1919
Ceat'l Ohio Reor.— 1st, 4%8. 1930
(Block Exchange Prices.)
I
N.Y. Central— Extend., 58. 1893 M
1st, coupon, 78
1903 J
Debeu.,53, coup., 1884.. 1904
N. Y. & Harlem— 7s,reg... 1900,
N.Y. Chic. & St. L.—4 g... 1937 A
PRICES-(Continued).-/7V4Cr/FjE;
A O. S. W.,
AND SINCE
29,
Bailboad AND MiscEL. BoSDS.
SECURITIES.
B.
_Cons. mort,
is
BONDS MAY
1891.
t
,
Highest,
,
[VOL. Lll,
.
101
87
95
.
made
this "week."
823»
Mat
THE CHRONICLE.
80. lt<81.|
NEW YORK STOCK EXCHANGE VRICEH.-INACTTVE
SECURITIES.
Bid.
Ask
1H07
1900
1939
1000
g
W«>8f Pnclflo— Boiubi, 68. ... 1 800
Ho. Railwuy (Oal.)— l»t, 6».10O7
50. year ,"i«
IB.SS
Ohes. A O.-Piir. M. fund, Os. 1898
es, gnld, Horlm A
1908
Ohes. 0. A So. West.— 2d, 6s. .191
ChloHKO & Alton— Ist, 79
1803
8lnkiM(f fund, B«
1903
Louis. & Mo. River- Ist, 78.1900
2d, 78
1900
.
8t
I-.
Jacks.
& Chic— 1 81,78.1894
l«t,(ruar. (364), 7s
1894
Mlas.K. Krldffe—lat, H. f., 69.1912
Ohtc. Burl. A Nor.— Deb. 68. ..1896
Ohtc. Burling. & Q.— 59, 8. f..l901
Iowa Dlv.— Sink, fund, 58. .1910
Bink1nKfund,48
1919
Plain, 48
1921
Ohic. A Indiana Coal— Ist 58. 1936
Ohl. .Mil. *8t.P.— l8t,88,P.D.1898
2d, 7 3-lOs, P.
1898
Ist, 79, $K., R.
1902
Ist, La Crosso Division, 78.1893
l8t,I. & M., 78
1897
let, I. & D., 78
1899
Ist, C. & M., 78
1908
Ist, I. & D. Extension, 78... 1908
D
D
1st,
Ist,
1st,
La
U.
H.
C.
&
A
&
Dav., 58
110
.'»ttl.
107
00
108
"96'"
8g<s
80>9
96
120
115%
115
121
111
124
m2l«
116
122
122
Paul
A Minn.— Ist, 6s. -.1918
A S. C— l8t, 6s
1919 120
A W. Ind.— Ist,
s. f.,
f.,
Mac—
A
102
101
101
96>a
76
65
113>9
s.1905 *122is
A
96
60
96
88
83
Spring. ACol.Div.- lst,g. 48. 1940
WhitcW. Val.DlV.— Ist.g. 4s. 1940
an.8an.ACI — Con.lst,g.58, 1928
OI.C0I. Cln. A Ind.— Ist, 7s,s.f.l899
Consol. sink, fund, 78
1914
Cleve. A Mah. V.—Gold, 5a. ..1938
Colorado Midland— 1st, g., 68.1936
Columbia A Green.— 1st, 68... 1916
2d, 6s
Del. Lack.
2d, 78
II419
109
134
127
135
138
1891 102 >s 10258
1900
1901 120 122
1915 135 137>s
Bonds, 78
78 of 1871
Ist, con., gnar.,
114
110
106
104
1926
A W.—Convert. 7s,1892
Mortgage 78
1907
Byra. Bing. A N. Y.— let, 78.1906
Morris A Essex— l8t, 7a
1914
Ts
A Hud. Can.— 1st, ex. 78.1891 101>4
Coupon, 78
1894 107%
Pa. Dlv., coup., 7s
1917
Albany A Susq.— Ist, gu.,78.1906
Ist, cons., guar., 68
1906 119
R«us. A Sar.- 1st, ooup., 78.1921
Denver City Cable— Ist, 68... 1908 98
Denv. A B. G.— Imp.,g., 5a. ..1928 80
E. Tcnn. Va. A Ga.— Ist, 7e...l900 113>s
Divisional 58
1930
Ist ext.. gold, 58
1937
Eq.Alnip..g.,58
1938
Mobile A Birm.— 1st, g., 58.. 1937
Alabama Central—1st 68. ..1918
Erie— Ist, extended, 78
1897 111%
2d, extended, 58
1919 113>s
3d, extended, 4'iis
1923 106 >9
4th, extended, 58
1920 111
6th, extended, 48
1928 102
let, con.s., fd. coup., 78
1920
Beorg., 1st Hen, 68
1908
B. N. Y. A E.— let, 78
1916 134>i
N. Y. L. E. A W.-Col. tr.,68.192a
Funded coup., 5s
1969 76
Income, 69
1977
Del.
109
82»8
II419
84
85
lie'
115
lie
107
103
132
109
75
A 8. W.— Mortg. 68....1908<
Jefferson— Ist, gu. g. 58
1909'
104
Chicago A Erie, Ist, g.,4-59.19s2
8714 88
Income, .'is
1982* 27>4
Buir.
N.Y.L.E.AW.Coal&BR.—68.19221
A T.H.— l8t,con8.,68..1921 *
Mt. Vernon— Ist 68
1923 109
Bui. Co. Branch— Ist, g., Ss. 1930
92
Evans.
120
Evans.
.
Port
*
Hnron— let. .58
Mo price Friday;
1930
117
...
C—
26
108
102
100
60
A
.
iod"
87
Oreg. RyANav.- Col.tr. g..5«.1919l .;;;
Penn. RR. P.C.A8. L.-lsf ,c.,7«. 1 0«»0
Pitts. Ft. W.
1st, 7«... 1012 •140
!«d, 7s
1912 MSS
„8d, 78
10121*130
Clev. A P.—Cons., 8. fd., 7«.I900 -llO lao
4tb,slnk.fund
68.1892
108
St. I,.V.4T. II.— let, 68., 7s. 1897 109 "fi..
2d, 7»
1898 105 ..
2d guar., 7»
1 898
107 ..
Peo.AE.-Ind.B.AW.-l8t.pf.7B.1900 114V..
AC—
IM
,
Ohio lnd.AW.— 1st pref.58.. 1938
103
Peoria A Pek. Union- let, 6b. 1921 I101«
92)4
2d iDorte.,4138
192
60
67
Pblla. 4 Read.— Sd pref. convert
•
Pltts.C.CASt.L.— Con.g.4'*BA1940
PitU. aeve. 4 Tol.— 1st, 6s.. .1922
Pilhi. Mo. K. 4 Y.— 1st 68
1932 lis
Pitts. Painsv. 4 F.— Ist, 68.. .1916
am
„-
110>s Preso't 4 Ariz. Cent. Ist,68,g.l916
95
2d income, 6a
1916
Rich. A Danv.— Debenture 68.1927
90
Equip. M. s. f.,g., 5s
1909
104
Atl.
A Char.— 1st,
pref., 7«.. 1897
100
as
•100
do.
Income, 6s
1900
RioOr. Jnnct.,lBt,guar.,g.,58.1938
68
Kan.C.Wyan.AN.W.— l8t,58.1938
L. 8h. A M. So.- C. P.AA.—78.1892 *104
8S
76
A Er.—^few bonds, 78.1898 112
Det. M. AT.-lat, 79
1906 127"s
Lake Shore— Dlv. bonds, 78. 1899 1 14ia 116
Mahon'g Coal RB.-l8t, 5s. 1934 *
109 >9
Kal. All. AG. R.— Istgu. fti'.19v}8
Lehigh V.,N.Y.— 1st gu.g.4is8.1940
i'0'3'
Buff.
106
Rome Wat. 4 Og.— 1st M.,7s.l89r *103it
St Jos. A Or. Is.- Zdinc
1925
Kan. C. A Omaha— lat, 6b..19'27
8t. L. A. A T.H-2d m. Inc7s.l894
100
Dividend bonds
1894 60
00
Bellev. 4 80. lU.— Ist, 8s. ..1896 108
Bellev. 4 Car.— let, Os
1923
111^
Chl.St.L.APad.— l»t,gd.g.58 1917
101%.
St. Louis So.— let, gd. g. 4s. 1931
81
84
do
2d income ,58 1931
I .Itchf Car. A West.— 1 st 6b. g. 1916
98
Car. AShawt- l8t g. 4S....1932
77
I«nglsland— 1st, 79
1898 114 116
St. Lou AS.Fran.— Equtp.,7s,1895 100
•••«m
N.Y. A R'wayB.— Ist.g. 68.1927
General 53
1931
94
2dmortc., inc
1927
40
1st, trust, gold, 5s
1987
Bmlthtown&Ft.Jctr.- l8t,78 1901 *105
Kan. City A S.— let, 6b, g...l916
100
Loul9.Evans.A8t. I..— Con.5s.l939
86
Ft. 8. AV. B.Bg.— iBt, 68...1910
92
90
Louis. & Nash.— Cecil. Br, 78.1907 103
109
St. Paul A Duluth— l8t,S8
1931
Pensacola Division, 6s
1920 101%
2d mortgage 6b
1917
108
St. Louis Division, Ist, 68.. .1921 112
St. Paul Minn A M.— let, 7b.. 1909
2d, 3s
1980 60
65
2d mort., 6s
1909 116 lis
Nash V. 4I>eoatur—]8t,7e.. 1900 114
Minneap. Union— let, 68
1922 110
8. f.,6s.—«. A N. Ala
1910 101
Mont. Cen.— Ist, guar., 68. .1937
,^ lis
10-40, gold, 6b
1924 100
East. Minn., 1st dlv. Ist 58.1908
99 108
50 year 5s, g.,
1937 *102Ja
San Fran. A N. P.— Ist, g., 58.1919
CnUed, gold, 48
1940
80
South Carollna-2d, Os
1931
80
Pens. A At.- Ist, 6s, gold. .1921
101
80. Pac. Coast— l8t, gnar.,4s.l937
93
46"
Nash. Flor. A 8. 1st gu. 5s., 1937
96% 9913 Texas Central— 1st, s. f., 7s... 1909
Lou.N.Alb.ACh.— Gen.m.g.5s.l940 80
82
1911
Ist mortgage, 78
Lou. N. O. A Tex.— Ist, 48. . .1934
86
Texas A New Orleans— 1 st,78 .1905
2d mort., 58
1934
1912 *102i«
Sabine Division, Ist, 6b
Manhattan By.— Cons. 48
1990
Tex. A Pac, E. Div.-lst, 68.1905
Memphis A Charl.—«s, gold.. 1924 100
Third Avenue (N.Y).— 1st 58, 1937
lis
Istcon. Tenn lien. 7s
1915
1917 83 >4 84
Tol. A. A. A Cad.—68
Mexican National- lst,g.,68.1927
1919
100
Tol. A. A. A Mt. PI.—68
lOOlfc
2d, income, 6s, "A"
1917 • 37
41
1940 84%
Tol. A A. 4 N.
58, g.
2d, income, 68, "B"
1917
8
1896 •108 «t
13
Union PacWto— let, 68
Michigan Central—6s
1909 115 121
1897 109%
let, 66
Coupon, 58
1898 111
1931 110
l8t, 68
Mortgage 4s
1940
1908 85
102
Collateral Tniet, 68
Jack. I.an. A Sag.—68
1907
1891 idi'4
Collateral Trust, 5s
MU.L.8.AW.— Conv. deb., 68.1907 *
lOOij
1895 100
C. Br. U. P.— F. c.,7s
Mich. Dlv., 1st, 6s
1924
115
Atch. Col. A Pac— Ist, 68...1§06
80
83
Ashland Division— Ist, 68 ..1925 *
115
Atch. J. Co. A W.— let, 68... 1905
80
81
Incomes
U.P.Lin. ACol.- l8t.g.,58.1918
77
Minn.A St. L.— Ist, g. 78
1927 105>« 108
Oreg.8.L.AU.N.,coLtrst.,5s.l919
75
lowaExt-insion, lst,78
1908 •100
1909 96 10068
Utah A North.— Ist, 79
2d mortg., 7b
1926 7818
1891 *
51
Oold,5B
Southwest Ext.— 1st, 78
1910
ff7hi
Utah Southern—Oen., 78 ..1900 102
Pacific Ext.— Ist, Os
1909 100
1921
92
Exten., lat, 78
Impr. A equipment, 6s
1922
Valley R'y Co. of O.—Con. 68.1921
62
108
Minn. A Pac— Ist mortg., 58.1936
Wabash— Deb. M., series "A". 1939
Mlnn.S.Ste.M.AAtl.— l8t.58.1926
1895 "109 1« 110^
No. Missouri— 1st, 78
Minn.8t.P.&8.8.M-lat c.g.48.1938
et.L.K.C.4N.— KE.ARR.7s.1895 •105
Mo.K.AT.— K.C.AP., Ist,48,g.l990
8t.C!harles Br'ge- lst,t!8. .1908
106
Missouri Pacittc— Trust 5s. ..1917*
West. Va. C. A Pitts.- Ist, 6s. 1911 •ido'
94
1920* 75
lstcoU.,5s, g
iosift.
811a Wheel.&L.E.— Ist. Ss, gold. ..1926
1930
8t.L.AI. M.-Ark.Br., 1st, 78.1895 107>2 109
Exteu.-.ion A Imp. g., Ss
98%.
.mHcellaneuiis Bond*
Mobile A Ohio— Ist ext., 68.. .1927 -lOO 109
1931
80
Amer. Cot. Oil Deb., g., 8s. .1900 94Tg 96
St. L. A Cairo—48, guar
Morgan's La. A T.— 1st, 68.. ..1920 '105
Amer. Water Worts— 1st 68. 1907
108
1907
l8t,7s
1018 115 125
l8t cons. OS, g
(!ahat)a Coal Miu.— 1st g. 7s. .1907 108
Nash. Chat. A St. L.— 2d, 6s.. 1901 lO?"*
lis
Ohlc.Jun.A8.Yds.— Col.t.g,58,1915
NewOrlcans A Gulf— Ist, 68.1926
9«1»
1919
Colorado Fuel—G«o. 6s
N. O. A. No. E.— Pr. 1., g., 6s.. 1915
1905 OgTg
N. Y. Cent.— Deb. g. 4s
Ool. A Hoek. Coal A 1.—U8,g..l917
100
Con.sol'n Coal—Convert. 6«... 1897
N. J. June— Guar. 1st, 4s.. .1986 100
106
BeeohCreek— 1st, gold, 4«.. 1936
Consumers Gas Co., Chicago— Ist
98
1936
guar. 58
N.Y. N.H.&H.— 1st, reg. 48.1903"
110
Edison Elec III. Co.— Ist, 58.1910
lOOi*
108
N. Y. A Northern— 1st, g., 68.1927 106
1900
1927
2d, 48
54 « Equitable G. 4 F.— 1st 68
97>»
72
80 'Henderson Bridge— 1st g. 68.1931 106
N. Y. Susq. A West.-2d, 4198.1937
1901
1940 *80
Oen. mort., OS, g
82 >a Iron Steamboat Co.—6s.
•
.
.
.
M—
.
.
127
121
145
102
;
A Indian.— 1st, eons.. 1 926
Flint A P. Marq.— Mort., 68. . 1920
Ist con. gold, 58
1939
100
.*"
Ohio RIv. -Gen: niorf., g., 5s. 1087
Oregon A rnllfornla— Ist. 5«.1B27
.
120
122
63.1919
1932
2d, gold, 4'as
1937
Cln. I. St. L.A Chic— l8t,g.,48.1936
Consol., 68
1920
Oln. Jack. A
Ist, g., 5s. 1936
Clev. Ak. A Col.- Eq.
2d 68.1930
O.C.C.
St. L., Cairo dlv.- 4s, 1939
StLou.Div— l9tcol.t8't48,K.1940
100 1«
«3>9
Inc. ,">.s, tr 1st reo
1948
Gt. Nor.—Coup. 68. ..1900*
Kanawha A Mlcb.— Mort. 4s. 1900
118>8
Ohic. St. P.
General mortgage, 68
Oln Ham. A D.— Con. 8.
BKOCBITtKB.
Oh. A M.-Hpring.Dlv.-l«t 78.1900
Genernl f>«.
1933
Ohio River RR.-Ut,5ii
1936
2d M.,
98
116
1910
C. & L. Sup. Dlv., 5s
1921
Fartto & South., 68, A9SU...1924 110
Inc. conv. sink. fund.Ss
1916
Dakota & Qt. South., 58
1916
Oble.AN.W.— 30 year deb. 58, 1921
Escaualia A L. 8. Ist, 68. ...1901 106
Des M. A Minn.— 1st, 78
1907 121
Iowa Midland— l8t, 88
1900
Peninsula— Ist, conv., 78.. .1898 115
Chic. A Milwaukee— Ist, 78.1898 115
Win. A St. P.— 2d, 78
1907
Mil. A Mad.— Ist, 68
1905 111
Ott. C. F. A St. P.-l8t, 5s.. 1909 104 12
Northern 111.— 1st, 58
1910 lC4is
aE.I.AP.— D.M.&F.D.,l8t4s.l905
l9t, 2ia9
1905 52
Extension, 4s
1905
Keokuk A Des M.— Ist, 58. .1923 91
Ohtc. St. P A Kan. City—58.. 1936
Minn. A N. W.— 1st, g., 5s. .1934
8t.
Alk.
74«»
A8an Ant.-l«t.6«.IB10
Ist, oonsol., 78
1897*108
2d, 6s
1907
Gold, 5s, coupon
1951
Merap Dlv.,lsf g. 48
1961*
Dub. A 8.
2d Dlv., 78 ...1804 *100
Ced. r'allsAMinn.- lst,78..1907
Ind. D. A Spr.- 1st 7s, ex. op. 1906 102
Ind. Dec. A West.- M. 58
1947
Inter.
Mfueral Point Dlv.5s
Ohic.
Har.
Oal. n. 48. A.-'.'d mort., 7«..10OO
West. Dlv., 2d 6»
1031
On. So. A Fla.-lst, g. 0«
1927
(irand Uap. A Iml.-tien. 5«..1924
Green It, W. A HI. I'.-lst 68 .1011
2d inooine, all subs, jiald
109 >ii
Housatonic—(^ons. gold Or
1 9!j 7
112>a 114
N. Haven A Derby, Con8.a8..1918
75
Hous. AT. C.-Waco A K. 7B..1908 I112>«
io^ij 106 >«
l8t g., 58 (hit. gtd.
1937
IIO
Cons. g. 68 (int. gtd)
1812
116<4
Gen. g. 48.(lnt. gtd)
1921
Debent. Os. prin. A int. gtd.1897
107
Debent. 4s, prin. A int. irtd.1897
nilnols Central- Ist, g., 48 ...1901
104
l8t, gold, 319S
1961
98>i.
Springf. Dlv.—Coup., e«....1808 'lOSif
lOlHl 103
Middle Dlv.— Reg., 58
192irll2i«
102 103>9
C. St. L. 4 N. O. -Ton. I., 78.1807 '108
1919 101>«
D., 78
1910
D.,.59
1910
Chjcairo & Paclflo Dlv., 68.. 1910
BM.
ri«. Oen. A Pen.
1 St g. Bs,...1018
Ft. Worth A Il.().^i«t g.,5a..l0i8
Mort.
Kolil.'Ss
L«iiil jriaiit. 5b.
BONDS-CContinuedJ -MAT 99.
-
Oeiilral Paclflo— Gold bd8,6B, IH'.IS I0711
Gold bonds, 6«
IHiUl *1(H)
Gold lioiids, 6s
Ban Joaiiiiln Br., 68
BEOVRITim.
827
120
100
98
.
'
North'n Pacirtc—Divid'd scrip ext. '103
James River Val.— lat, 68.. .1936 *104
Spokane A Pal.— Ist, 68.
1936 100
St.Paul A N. P. -Gen., 68.. 1923 116
HeleuaAKcilM'n- lst,g.,a8.1937
DulutbA:Manitoba— lstJ;.68l936 105
Dul.AMau Wak.Ulv.— lHee.1987
Coeurd'Aleue-l.st.tJs. gold. 1916*
1938*
Oen. lst,g.,H.'<
Cent.Washington- lst,g.,68.1938
Chic. A Nor. Pac— 1st g, 58.1940
BeattleL^8.4East.— lBi,6a,g.I911
80«»
99%
101
118
100
made
this
week.
100
90
Northwestern Tclegnph— 7., 1904 103>t
People's
Qm 4 Coke
(
Istg.6s,1904
J2dg.68,l904
Co.,Cbloa<o
1919 100
Peoria Water Co.—6e. g.
107
llQia West. Union Tel.—7^... 1875-190C 108
Unllmed Bonds.
105
Ala.4Vlck8.-Consol.5g..I921.A40 90
1061«
SI'S
100
NorfolkAWe8t.-Oeneral,M.1931 118>* litO
New River, Ist, 6s
1882 118
Imp. A Ext., 68
1984
1924
Adiustmeut M., 78
Equipment, Ss
1908
1967 98
Clinch Val. Ist 5s
96
74"* 75
Scioto Val. A N. K.-l«t.4«..1990
Ogd. A Lake Ch.— ist con. 611.. 1920
Ohio A Miss— 2d coiis"!. 7S...1WH *113 115
these are the latest quoutlons
Met. Tel. ATel.— l8t,8.f.g.68 .1918
Nation'; 8tarch Mfg.- lst.6K.1920
N.Y. A Perry C A I.— let, g. 68,1020
2d M., income till '94, 1921..A40
Vicks. 4 Merid.,l8t es, 1921. A40
70
96
Atlanta 4 Charl.-lst 7b,1907 J4J 190
ComBtockT>m.-Inc.48, 1919.M4.S
34
Georgia
Pac— 1st
Consol. 5 g
Income 58
,
0«,
1923
100%.
9S
80
lOfr
18S
87
106%
eoH 67%
1022....J4J lOOlg
A40
18
10
69
70
Uttle R.A .Mem.- 1st 5g.l937.M48
Mem.ACharl.-Cons.7g.,1915J4J 110 lis
08% 08%
Bt. L. Southwestern- 1st 48
39 •« 80
2d 4s
THE CHRONICLR
828
Latest Earnings Reported.
%nmstmtnt
Roads.
Wee/;orMo
AND
Geo. So.
& PI a..
Georget'n&Wn
The Investors' Supplement, a pamphlet of 150 pages,
contains extended tables of the Stocks and Bonds of Railroads, and other Companies, with remarks and statistics con-
cerning the income, financial status, etc., of each Company.
It is published on the last Saturday of every other month—
viz., January, March, May, July, September and November,
and is furnished without extra charge to all regular subseribers of the Chronicle. Extra copies are sold to subscribers of the
Chronicle at 50
[Vou
cents each,
and
to otliera at
April
Febiuary..
.
Total
all lines.
3dwk May
Wk MaylO
Wk May 16
Det.Gr.H &M. Wk Mayl6
Great North'n St. P. M. & M. April
66.701
107,124
963,310
2,933
115,525
14,500
4,987
Tot. system
April
Chicago. April
Humest'n&shen
Hutch ASouth'D
March
.^pril
.\pril
Illinois Centr'la. April
Ind.Dec.&West. April
.lack'v.South't'u
Saturday
J'k'nv.T.&K.Wf; April
Latest Earnings Beported.
WeekorMo
I
Allegheny
'Val..
March
Atoh.T.&S.Fe. 2d wkMay
2d wk May
Hall owned
Total STStetD. 3d wk May
2d wk May
L.
&
San
F
8t
Half owned.. 2d wk May
wk May
3d
Tot.S.L.&S.P.
A«g. total .. 3d WkMay
February
Atlanta & Cliar
. .
.
Atlanta & Flov'o
Atlanta &W.Pt
B.&O.EastLiues
Western Lines
April
April
April
April
April
1891
$
197.983
637,311
30,053
706,843
116,606
20,.531
162,267
869,110
155.932
7,764
30,503
1,416,378
445,711
1,892.089
Total
45.253
wk
May
3d
Bal.«iO.Soutliw.
146,954
Bait. & Potomac April
4,321
Ajiril
Bir. & Atlantic.
12,337
Bir.Sh.&Tenn.R .March
2.023
February..
Bjsliopsville
4,442
Blaekv. Als.&N. February.
56,893
wk
May
3d
Baft.Roeh.iFiti
i^9,0"~
Bur.C.Rap.&N. 2d wk May
44,395
Camflen & Ati. March
52,688
Canada Atlantic February.
CanadlanPaciflc 3d wk May 356,000
8,605
Cp.F'r&Yad.Val 3d wk iM ay
3,889
Car.Cum.G&Ch, February..
626.023
Cen.KK.&Bg.Co April
.\piil
1,054,950
Central of N.
1,216,986
Central Pacific.. March
9,966
Cemtralof B.C.. February.
14,197
Ohar.Cin. ACliic February.
69,393
Ca>arlest'D&8av April
10,843
Char.Sum.&No. February..
7,60
Chatt'u'paUni'n April
9.8:^2
Cheraw. & Darl March
3,46;
Chcraw.&ealisl) February.
170,150
Ches. AOliio.... 3d wk May
166,760
Ches.O. &8. W. April
6,31
Cues. & Lenoir February.
,1
2,484,668
Cbie. Burl. & q. April
69.426
Ohlc.A East. III. 3d wk May
229,384
Chicago & Erie. March
Ohic.MM.&St.P. 3d wk May 464,463
2 023.43i
Chic. AN'thw'rk .\pril
53.668
Chlc.Peo.&St.U Februaiy.
1,267,815
Chic.Kockl.&P. April
81,828
Chic.et.l'.iK.C;. 3J wk May
570.650
Ohic.St.P.M.iO. April
30,523
Chic. &\V. Mieli 3d wn May
48.06'
Cin. Day.&Iron. April
Cln.Ga. APons. Aiu-il
5.21
Cln.Jack&Mac 3d wk May
11,486
CUuN. O. &T.P. 2d wk May
69,193
Ala.Gt. South. 2d wk May
32,337
N. Orl. & N. E. 2(1 wk May
18,174
Ala. & Vicksb. 2d wk May
8,068
Vlcks. Sh.&P. M wk May
7,323
JSrlanger Syst. d wk May
135,095
Cinn.Nortliw'n. April.
01n.Wab.&Mich. April
Olev.AkrouACol 2d wk
Olev. & Canton..
Ol.Cin.Cli.&S.L
Peo. & Easfn.
Clev. & Marietta
Color. Midland.
1,635
May
March
3d wk May
3d WkMay
April
:^d
WkMay
Oil.H.V. &Tol. April
Col.Sh.wnee&H April
Colusa
Lake.. April
Covin. & Macon. April
Deny. & Rio Gr. 3d wk
DesMoin. &No. April
DesM. &N'wesl April
May
Total system. 2d wk Ajir.
Elgin Jol.AEast. .March
Ellis. Lex. &B.8... April
BTansT.
&
T.
3d
H. 3d
wkMay
wk .May
ntohburg
March
Fltnt.&P.Mara.
Florence
Flor. Cent.* p.
»t.W. ABioGr.
Ga. Car'la <S:No.
CreoigiaRR
3d wk May
February
2d wk May
.
.'.
April
Fel>puary..
March
43,(141
1.972
Det.Bay C.&Alp 2U wk May
P6t.Lan8'g&No 3d wk May
DoluthS.S.&Atl 4thwkApr.
East Louisiana February.
E.Tenn.Va.&Ga. March
Knoxy. <!iOhio March
EyaTi9.«Si;Ind'plis
53,902
16,015
44,011
230,158
27,301
30,846
253,008
41,018
&
& Gt.Norlh'n
Iowa Central...
April
2cl
wk May
Iron Railway... April
3d wk May
KanawhaAMicb 3d wk May
RAILROAD EARNINGS.
Roads.
In.
10,253
160,500
10,046
16,756
8,488
21,011
38,055
6,600
524,613
63,272
125,299
58,209
55,331
6,333
19,489
575,006
47,074
6.436
21,450
20,727
11.579
163.681
1890.
jan. 1
1891.
to
Latest Date.
!
1890.
*
186.619
571,4821
545,532
619,692 10,596,981 10, 435,936
34,610
589,592[
595,7 15
688,261 11,993,417
719.912
112,318 2.219,225
112,151
33,972
577,681
583,400
158,22) 2,939,171
8.53,772
846,482 14,932.589 11. ,573,684
154,068
327.167
329,004
7,109
36.807
36,476
27,6!)9
160,599
159.258
1,500,727 5,612,014
,805,492
493,755 1,737,431
,826.671
1,994,48
7,349,475
,632.163
40.65B
854,279
867,165
143,732
541.344
531.820
6.385
18,724
26,012
16,386
42.097
49,090
1,366
4,571
3,035
3,413
8.519
7,536
43,942 1,010,593
714.423
46,010 1,196,141
,056,238
40,815
121,378
113,910
52,294
100,-261
96,873
304,000 6,881.062
,434.823
10,976
236.380
203,626
2,566
7.50'
5,0C3
552,502 2,923,954
,781,162
1,079,709 4,106.775
,701,992
1,100,099 3,453,791
,843,199
13.556
21.261
23.510
11,903
27.112
20,266
57,138
308.279
271,507
6.242
21.380
10,703
8.947
30.460
32,490
8,76!)
34,9:-IO
28,686
2,852
6,618
5.393
147.461 3,114,692
804,291
138,169
734.070
621,687
6,626
13,192
12.787
2,742,084 9.541,681
209,650
69,390 1,337,210
144,6."jO
243,885
607,«24
672,080
451,620 9,504,037
028,135
2,208,92'
7,653,759
729,638
30,273
99,632
62.117
1,230,209 4,608,03
906.588
80,088 1,531,011
605,142
538,075 2,064,043
007,773
31,41596,632
561,950
42,108
5,229
18,281
10,763
11,372
277,129
226,331
85,693 1,514,9.^1 1,528,831
33,572
677,975
691,033
20.315
408.721
437,180
7,773
224.852
238,176
5,304
218,678
209,627
152,657 3,045,207 3,104,849
1,395
6,541
6.038
50,274
192,145
178.843
16.0.J6
319,866
283,784
38,200
121,915
105,306
254,105 4.861.373 4,771,236
25,558
564.505
574,688
27,232
115,109
84,695
40,250
760,384
682,3.35
262,985
866,916
806.156
21,565
143,813
73,899
1,678
8,146
46,546
46,368
161,500 2,861 ,2.=>5 2,833,003
8,131
34,133
28,165
18,235
63,496
09,155
10,835
174,570
195,191
21,195
433.503
430,538
.59,728
486,496
497,631
6,466
17,100
16, 198
534,459 1,670,177 1,661,586
49,501
189,647
119,639
126,018 2,106,70a 2,059,534
50,657
154,172
134,324
63,679
217,509
239,989
6,083
118,610
100,142
18,326
411,337
365,986
561,481 1,626,148 1,553,«91
56,380 1,173,666 1,214,007
4.584
12,541
10.005
22,367
560,742
47 3.097
8,541
70,535
35.488
5.290
22,899
10.701
152.337
535,939
490,715
$
I
Kan.C. Cl.&Sp 2d wk May
K.C.F.S. &Mem. 2d wk May
K.C.Mem. & Bir. Istwk May
Keokuk & West. 3d wk May
L. Erie All. & So April
L. Erie & West. 3d wk May
Lehigh* Hud.. April
L.Rock &Mem. 2d -wk May
Long Island
April
Louis.&Mo.RiT. March. ..
.
Louis. Ev.A St.L.
3d wk May
Louisv.&Nashv. 3d wk May
Louis.N.A&Ch. 3d WkMay
Louisv.N.O.
<feT.
3d wk May
Lou.St.L.&Tex. 3d
WK May
Lvuchb.&Dur'm April
Memphis AChas 2d wk Apr
(Mexican Cent...
(Mex. National
(Mexican K'way
Mil.L.Sh.&WesI
Milwaukee &No
Mineral Range
wk May
wk May
Wk May 2
3d wk May
3d wk May
3d
3d
April..
Miuneap. &St.l.. April..
M.Sf.P. &S.8.M. April..
Mo. Kan.
Kan. <:.
& Tex.
& Pac.
2cl
.
wk May
wk May
2d wk May
3d wk May
2d
Total Syst'm
Mobile &Birin..
Mobile* Ohio.. April
Montercy&M.G April
Nash.Ch.&St.l,. April
N.Jersey AjN.Y. March
New
N.
N.
N.
N.
N.
N.
Orl.
&Gull
3d
WkMay
WkMay
Ohio&Northw.. April
Col. & Maysv. April
Ohio Kiver
2d wk
Ohio Southern April
Ohio Val. of Ky. 3d wk
May
.
Omaha & St.
L..
67,724
] 8,367
747,488
42,031
84.198
873,717
3,256
129,857
11,282
2,200
292,653
31,085
31,120
331,510
55,484
54.873
279.519
37,500
22,645
341,550
48,736
40.763
8,271
7,534
6.200
38.30
16,.300
33.518
126,971
82,883
82,000
64,281
28,001
9,500
124.324
173.519
140,764
6,920
147,6-4
4,'i91
114,836
73,532
83,993
87,562
31,693
10,077
109.633
152.852
153,135
5.(:41
May
March
565,614
494,927
37,844
56,668
126,933
178,093
76,796
542,979
405,599
93,438
18,573
1,086
14,500
50,930
4,913
33,471
to Latest Dale,
1891.
$
253,466
590,820
481,852
50,467
41,14'
122,095
177,064
70,594
536,946
402.145
99,653
16,109
823
14,036
44,176
4,329
52,298
3H8,311
&Read'K April
Coal & Iron Co April
Total both Co.s. April
1890
$
7,353
852,473
161,266
82,790
203,970
6,679
932,932
170,911
83,247
1 ,099,529
0,824,356
1.439.833
407,773
1,187,055
7,151,850
1,436,413
393,471
2,716,112
2,375,451
200,766
378.632
3,295,570
12,190
322,957
54,436
22,816
5,726,818
141,414
1,113,939
609,499
13,140
378,111
348.523
137,664
287.199
2,800,313
15,093
331,811
46,574
1 1,843
5,163,719
137,458
1,174,684
562,671
13,520
219,489
275,705
106,837
142,572
1,737,532
1.18,266
112,503
1,685,882
417,793
143,916
23,263
1,130,603
120,067
441,397
131,.552
],4-<8.4.'.0
20,504
1,103,732
102,973
198,010
907,454
104,912
427.563
7,117,912
875,531
1,019,231
135.095
20,771
526.518
2,564,951
1,496,916
1,376,550
1,094,420
1,2.12,054
599.033
37,929
4S5.510
629,630
2,-62,199
115,613
2,977,812
101,807
1,184,903
569,968
32,937
445,808
636,494
2,743,546
99,991
2,845,538
92,228
1,038.446
93.662
1,136,227
53.390
49,874
11,596,759
8,800,517
1,714,121
1,767,531
172.179
771,635
415,236
3,093,697
152,313
2,169,120
7,327,510
1,569,740
61,743
2,757
206,629
178,082
76,173
137,095
903,870
21,083,474
273,340
136,849
1,009,792
6,066,105
4,700,526
243,024
999,594
89,369
569,818
7,169,610
966.640
1,384,251
155,906
53,300
491,418
2,648.046
1,624,410
•
308,250
Oregon Imp. Co. arch
Pennsylvania .. April
5,379,003 ,5,619,337
13,430
15,736
PeonaDec.&Ey. 3d wk May
49,294
Petersburg
March
48,080
325,938 386,231
Phila. ife Erie... March
.VI
Jan. 1
158,796
4,807
254,113
2S)3.593
22,162
277,144 1,236,568
57,129
19,063
56.468
12,663
3,022,979 12,329,186
14.571
3,341,010
2,234,032 2,345,75^
.April
N.Y. Busq.& W.. .April
Nortol'.uVrWest.t 3d wk May
N'theast'n(S. C.) February..
North'n Central. April
Northern Pacitlf 3d wk May
Ohio* Miss
369,.326
1,338,003 1,233,973
31.458
39,832
262,881 256,117
28,199
28,684
3,388
3,888
19,691
13,010
75,470
54,106
6.013
6,185
4.588
7,810
76,927
81,803
19,269
20,235
C,463
6,030
6.495
5,534
57,5
56,050
28.787
28,680
10,387
8,411
280,565
72,853
299,33
19,971
y. C.& H.R.rf April
1. L. E. & W. Aiuil
Y. Pa. * Ohio March
Y.&N.Eng.. April
Y.& North'n. April
y.Ont. &\V.. 3d
50,974
3,258
44.952
9,163
4,830
58,945
789,485
East, of Minn. April
%\per copy.
The General Quotations of Stocks and Bonds, occupying
six pages of the Chronicle, are published on the third
of each month.
61,111
3,323
42,651
7,680
4,315
54,646
330,727
60,949
17,967
Montana Cent. April
Gulf &
Housatonic
1890.
$
Gr.Rap. &Ind.. 3d wk May
Cin.R.& Ft. W. 3d wk May
Other lines .. 3d wk May
Grand Trunk. ..
Ohio &Gr.Tr.
1891.
LII.
8,751,994
1,533.313
1,840.697
139.841
1,028,637
451,838
3,372,478
163,607
2.049,426
8,176,928
1,.545,983
64,321
3,682
213,613
199,690
109,248
101,703
919,088
20,619,504
324,905
138,284
983,528
6,344,733
5,250,066
1,610,326 1,676,996
1,305,696 1,395,577
2,916,023 3,072,573 11,094,801 10,:(!6,63O
11,675
3.15'
14,093
3,499
Pitts. Mar. iteCh. April
77,838
84,161
19,716
22,017
Pitt.Shen.& L.E. .April
332.655
316,243
112,093 115,700
Pittsb. iSt \V'est'n March
113,359
92,670
43.031
Pitts.Clev.&T. March
33,92
52,650
B9.108
16.918
Pitts.Pain.&F. March.
22,696
815,387
739,692
51,326
44,605
Total system 3d wk May
301,371
155,282
Pitt.Youug.A'A. March....".
57,958 102,114
130.744
155,738
19,928
20,693
Ft. Royal & Aug. April
148,961
166,418
31,632
21,543
Pt.Roy.&W.U.r. .April
73,382
24
81,8
19,89
19,306
yuincyO.&K.C. April
482.200 424.600 2,021.150 1,908,200
Rich.&DanvUle. April
677,700
717.300
183,300
187,700
Vir. Midland. April
323,660
339,150
73.800
65,700
Char.Col.&Au. April
Phila.
& Greeny. April
West. No. Car. April
Ajiril
Georgia Pac
Col.
.
Wash.O.& W.. April
Ashv. *Spart. April
Total Sy.s'm. 3d WkMay
Rich. &Petersii.
March
BioGr'de South. 3d wk May
Rio Gr. West... 3d wk May
Bame W. & Ogd. April
Sag.Tuscola&H. Apinl
Sl.UA.AT.H.B'e 2a wk May
St.L. Arlt. &Tex. 3d wk May
St.Paul A-Diil'tU
ApiH
60,800
90,100
148,400
11,900
11,375
243,260
28,414
5,151
50,000
320.617
8,203
23,480
61,060
113,595
15,161
37,736
7.170
37.263
112,503
50,300
81,950
118,200
11,100
10,150
241,963
28,316
35,010
333,505
7,393
22,510
63,907
105,912
13.522
22.778
8,696
10,715
81,488
322,100
332,250
625,430
39,9.50
49,028
5,251.500
80,357
68,332
845,186
1,241,525
29,039
491,365
1,477,966
407,906
240,312
139,051
134.005
103.0:
621,008
Fran.&N.Pac. 2d wk May
Say. Am. * Mon. April
Seattle L.S. & E. 3d wk May
Sioux City & No. March
South Carolina April
Bj. PaciticCo.—
992,202
Gal.Ilar.&S.A. March.
351,124 352,182
226,791
87,387
69,529
Louis'a West. March.
Morgan'sLiT. March.
429,379 413,917 1,533,965
33,715
10,473
March.
8,475
N. Y. T. & Mex.
360,067
122,078 117,605
Tex. & N. Orl. March.
3,171.843
1,013,564
March...
9.S8,347
Atlantic sys.c
2,721,093 2,538,468 7,703,157
Pacific system March...
S.
.
.
.
.
.
.
310,233
312,994
606,175
36,398
42,257
4,961,737
83,358
356,133
1,244,186
25,417
427,307
1,358,729
383,227
209,240
89,382
isa.g.M
518,689
971,980
261,789
1,245,700
35,388
465,750
2,980,608
6,684,790
Mat
THE CHRONICLE
80, 18»1.]
Lateit
Kamlngt
Jan.
Krimrltd,
ImiuI Dal*.
1 to
R>JU>6.
WetkorUo
Bo.Pnr.Co.(Ooii)l
Ti>Ulorull.. March
So. Pnc. RK.—
Ko. DIv. (Civl.) March
Bo. DIv. (Ciil.l M-irch
Arl/iiiin i>iv.. .March
New yii'X. DIv. March
Spar. I'll, .t Col February.
Ptlll.'H Isl. R. T. Apill
1801.
101,847
532,144
144.I3H
73.301
Tofl both
Tttxiis
A
186,308
15,074
90,100
Amil
3a wk May
i'liclilo
Tex.S.Vu^kN.W April
Tol.A.A.AN. M April
3.788
8»,55.^
i
Tol. Col.
ACIn.J 3(1 wk
Tol.A Ohio Cunt.
Tol. P. A West..
.id
1
.May
6,421
21, .127
wk May
'2d wk May',
loI.St. I,. &K.C 3(1 wk May
ToI.ASio.H.ivcu.l March
UIst.TiV: Del.... March
Cnloii Pactllo—
Or. 8. L. fi. U. N. March
1,487,8.57
l,420.t)()il
433.375
250.556
26.176
237.201
3.363
405.803
289,850
0^5.742
01.323
478.766
240.117
23.7M7
216.721
2,457,032
13.770
332.702
120,0.M
2,5(1 1.12H
13.16.'.
4H4.4:15
11.8!M1
80,45.1
April
(>i'»t
Teni). Mi.llnu'.l.
533,335
181.728
02.307
04.12
2,062
73.592
04.087
168.570
13.081
i,ie»>
I.vkcTiM Valley April
308,650
lOO.O.tl
3.174
01.233
6.03
4.1H2
25H.23T
200.917
510.152
61.4HI1
367,W(;h
1
l'i.46H
2H.1S.')
5l3,t>7(i
17.01ti
l(i.(W3
324.3i:i
332.(;il.-.
3l,.'i02
29.41
1.904
013.416
503.4.W
5.762
23,786
60,078
5.384
58,005
616.269
303.137
147.272
414.276
1,703.014
1.232,089
2.267
21,090
for the aeoond we«k of
percent incra
1-Oj
id atek of Xai/.
0,003,543
400.070
12.12(1
Our anal Rtatomnnt
roatUand abows
1890.
1.53.114
07.252
105.013
April
1801.
'00.440 3,801,781 10,375,00"
3,
March
8ton.TC'l..v('.Mt..
BuniinU iiniiK'h.
1890.
829
Prev'
Ati
lim
1
1
Hi
111'
1
""
1
•*.
run...
ivucd »«.
A Nor..
1
1890.
Inrrtait.
•
«
«
Bl).075
Trunk..
60.040
28." 07
05.002
16.015
30.180
8,488
17,007
21.832
MtchlgttD
......: J... i.l ,i..(4roiulal
CIcvc.
1801.
5.134.068
637.311
80,053
110,606
20,531
tcm
1
Akron dtCol
Colorado Midland
Detroit Kay C. ft Alpnna.
Detroit Or. liar. * Mil...
Ditrul t I.aim. & North ....
Florida Central* Penln.
M
Dtertatt.
•
a.o:i7,osi
SaO,)i53
333,370
610,602
34.610
112.318
33.072
46.010
07.724
17,610
mi
•m
i,88»
'ia,6«ft
2I».504
06.961
16.056
34.301
10.835
18.367
10.022
22.367
21,4.50
Little Kock A Mempbta..
Mobile A Birmingham. ..
Ohio Bl ver
San Frauchico dt No. I'ac.
May coven
"3,dSo
"tjiii
"i'.oi'o
'vti
8.411
"i',07'fl
103
1.5,161
4,100
14.05H
13.532
1.642
•:•
0.328,873
0,209,902
373,578
254.007
10.387
4.203
14.500
414,
I
March
March
M arch
March
Or.Ry.A- N.Cd.
8t..li>..t(i'illsl.
Un.l'ai'.l)..Vt:.
All oth. linos.
016,610
410,032
04.493
380.308
,074,031
,176,858 1.485,585
53,40
132,721
.6.).'">,518
Tor.U.P.Svs. Mari!h
March
March
Montana Un.. March
Lt'awTop. \'
March
Man.Al..^: Kiir. March
Ceut.Kr.AI,.r..
Tot. I'oiiflml
1.230.340' 1,613.305
80.333
1.540
3.387
42.037
73,737
3.073
3.181
1,272.980
3. ,658.300
.'^.
Joint. o\vn*d.'..' .^laroh
Grand
total.
iMarch
U.S'kYil.s.&T.Co February.
Vflrmout Vallov iprll
Wabasli
i3(i
wkMny
Wal). Clu'st. <!k\V. March
Wa.sti. Sunt hern. Ai>rU
We.st ,ler«ev
(March
W.V.CVn.&Pitts. April
We.«t Vir.APitts. I.March
Western of Ala. April
West.N'.Y. & Pa. 3d wk May
I
Wheellnsr&L.E. l:*d wkMay
Wil. Col. & Aug. [February
Wisconsin Cent. '3(1 wk May
109.0331
14.440
243.000
6.206
30,013
00.155
05.018
0,724
38.127
58.300
15.192
212.874
2i;.0.'>0
98,883
06.528
7.898
.
Writrhtsv.&Ten. March
30.9951
235.8001
167.1*3
1,140,425
4.542.207
8.834.860
146,391
9,031.260
250.351
0.411
0,488
136,126
0,167.3HC
408.924
52.685
1.380,322
05-.\OtU
375.631)
l.l06.,-20
4.01 1.922
189.(i38
7,8,57
8.753
103.123
8.057,109
43x.0t7
55,320
4,7i)5.024
5.3B.^)
13,<i!)9
21.870
08.886
72.091
0,045
06,803
276,963
14,209
01.101
26<!,187
3.57.441
260,495
24.774
103,38
1,247,006
l,3iix,(l(U
73.800
23.681
00.3-<(i
08,479
8.451
459.643
2O(i.O0.')
1,771.481
25.728'
) 8.531
182,644
420,520
2')7,193
1,714.278
23.434
ft Includes
in both
a Whol(i system, including Iowa lines.
year.s Scioto Valle.v Division, and Marylantl
Wasbiusrton Division
(Shenandoah Valley.)
e Includes earnings from ferries, etc.. not
A
t/ Includes Rome
t Mexican currencv.
inven separately.
Wat. A Oad. since M.irch 15. in 1801. The earnings of Rome Wat. &
Ogd. for 16 days of .March were $185,880, and tor April $320,617.
For the third week of May there is a gain of 2'76 per cent in
the aggregate of the earnings of the 65 roads which have reported for that period.
3d week of 3Iay.
& 8. F. sys. (4 r'ds)
& Ohio Bouthw
Roch. & Pius
Atch.T.
Bait.
Butl'alo
Canadian Pacific
Cape Fear & Yadkin Val.
Chesapeake & Ohio
CJhicaso
&
East. Illinois.
Chicago Mil.
&
St. Paul..
Chicatro 8t P. .t Kan. C;.
Chicago .SrWest Mich
Olncinuatl Jack. & Mack.
Cleve. (Jul. Chic. & 8t. L,.
Peoria & Eastern
Colorado Midland
Denver ifc Rio Grande...
Detroit T.ansimr .V Korth.
Evansville & Indianap...
Evao-s. & I'crre llauie...
Flint * Pere Marquette.
Grand Rapids & Indiana.
Cincinnati R.
& Ft. W..
Other lines
Jacksonville Southeast
.
Kanawha & Michigan
Keokuk A Western
* Western
Evansv. & St.
,
Lake Erie
Loui.sv.
L
Lonisvillc & Nashville...
Louis. N. Alb. & Chic.
Louisville N. O. & Texas.
Louisville St.L.&Texas
Mexican Central
Mexltan National
Milwaukee L. 8h.& West.
Milwaukee ANorlhem..
llobile & Birmingham ..
New York Out. <k West.
Norfolk & Western
Korthem
Pacific
lOhio & Mississippi
Ohio Val. of Kentucky...
Peoria Decatur AEvansv.!
Pittsburg i^- Wc8t<*m
<k Dauv. (8 roads).
Rio Grande Western
8t.Loui8 Ark. & Texas..
Seattle L. 8. & Eastern.
Texaa 4 PaclOc
Toledo Col. & Clnn
Toledo & Ohio CeDtr.<il.
Toledo St. L. ic Kan.City.
tBich.
Wabash
JWestern N. Y. A Penn.
wheeling A Lake Erie...
Wisconsin Central
Total (05 roads)
^^t increase (2*7(tp.c.)
t
Que day
1890.
1891.
$
860.110
45.253
56,893
356.000
8.605
170.150
69.420
464,463
81,828
30.523
11.486
230,158
27.301
43.041
160.500
21.011
6.333
19,489
47,074
42.651
7.680
4.315
19.091
6,013
6.463
57,520
31,120
331,510
55,484
54,873
8.271
120.071
82,883
01.281
28.001
4.694
50,008
178,005
405.500
05,458
1.043
13.430
51,326
243.260
50.000
$
846.482
40.656
43.942
304.000
10.976
147.401
69.390
451.620
80,088
31.417
11.372
254,105
25.658
40.250
6.083
18.326
56.380
44.952
0.163
4.830
13.010
0.185
0.030
50.050
22,645
5,400,001
5.255,522
6,4-21
less in this year.
mainly to reduced shlpmenis of
:
12.343
1,740
894
111
'23,047
1,743
2,791
1,000
.184
250
0.300
2,301
1,483
513
6.681
172
433
1.470
8,475
13,040
0,748
14.108
737
12.135
9,351
23,281
3,602
113
15,521
1,031
3,454
4,105
'2,306
6.721
1.205
14.060
364
6.658
5,0.55
30,126
15,500
2,360
"i',9'3"i
133,123
Decrease In freight eamloge, due
coal.
issue of
June
20.
oroM Eamingit.
1801.
Roadi
& Potomac
1800.
.
.
.V<!<
Eaminci.-
1801.
9
1890.
.
»
143.722
146.034
43,460
35,454
531,820
142,376
541,344
117.664
160,243
246,302
84,458
08,008
582,507
218.323
836.475
203,725
532,530
2,062,005 1,586.515 . 546,038
590,485
440,162
1.608,303 1.320,484
5,822,063 4,534,823 1,703,071 1,207,304
552,502
48,250 df25.0S25
626,023
'489,733
•568,412
2,023,054 2,781.162
7,760,633 7,412.243 *1,924.140 '1,974.227
445,2«6
422,621
1,034.050 1,079,709
4,106,775 3,701.002 1.650.237 1,331,066
100,085
504,402
150,1 10
670.407
654.702
435,432
2.613.805 2,361,009
6,725,42'J 5,013,911 1.881,172 1,527,413
019.489
813,315
Chic. Burl. & (Jiilncy. Apr. 2.484,608 2.742,084
Jan. 1 to Apr. 30... 9,54i;681 11,209,650 3,013.209 3,823,371
596.115
536,331
Chic. Mil. .t St. Paul Apr. 2,105.360 1.993,066
Jan. 1 to Apr. 30... 8,062,642 7,661,277 2.280.733 2.177.622
Julyl to Apr. 30... 23,2,50.062 22,4.53.578 7,010.653 8.098,275
353.92.5
334,815
Clev. Cln. Ch. &St.L. Apr. 1.044.420 1,046.593
Jan. 1 to Apr. 30... 4.168.893 4.031.107 1,305,634 1.338.015
Julyl to Apr. 30.. .11,081,210 10,710,203 3,599,759 3,728,&0»
8.603
13,372
38.011
32.576
Det. BayCltv&Al-.Apr.
60.033
85,022
159,123
173,397
Jan. 1 to Apr. 30...
36.133
18.336
51,106
75.470
Jack. Tam.&K.W.... Apr.
07.2':3
174.511
275,705
348,5?3
Jan. 1 to Apr. 30...
220,116
128,154
549,443
604,292
July 1 to Apr. 30.
100.665
84,31
371,314
383.931
Kan.C.Ft.S.&Mem.Apr.
394.919
418,006
Jan. 1 to Apr. 3;)... 1,.528.603 1,563,193
1,318,252
1,118.973
July 1 to Apr. 30... 4,000,244 4,151,838
(779.513
N.Y.L.E.&Western.Apr. 2,234,032 2,345,757 1734,057
Jan. 1 to A.)r. 30... 8,751,994 8,300.517 )2.808,837 t'2.800.2.57
30.".
.16.356.702 16,272,351 (5.370,713 (5,531,607
Oct.'l to Apr.
238.2-*2
210.290
692.636
763.277
Norfolk* Western.. Apr.
776,344
843.518
Jan. 1 to Apr. 30... 2,810,319 2,573,831
155.344
187,420
556.016
542.979
Northern Central. Apr.
623.032.
505.810
Jan. 1 to Apr. 30... 2,049,420 2,169,120
1,608,334
1.687.771
Ponn.(ea8tofP.&E.).Apr. 5,379.003 5,619,3.57
Jan. 1 to Apr. 30... 20,649,504 21,033,474 5,032,148 6,030,219
luo. 330,715
Dec. 35,723
Lines w'stofP.&E. 4pr.
Inc. 20,201
Dec. 947 ,091
Jan. 1 to Apr. 30..
086,455
630,395
Apr 1,610.326 1,676,006
PhUa.* Reading
Jan. 1 to Apr. 30... 0,344,733 0.066,105 2.500.290 2,235,342
2,050,841
Dec. 1 to Apr. 30... 3,030,344 7,721,017 3,289,938
Apr. 1,303.090 1,305.577 dor.30.104 def.5.5.520
Coal* Iron Co
Jan. 1 to Apr. 30.. 5.250,086 4.700.520 df.a20,988 df.248,3^
0,85i,443 6,075,122 df.311,120 dt.274,776
Deo. 1 to Apr. 30.
Bait.
Apr.
Jan. 1 to Apr. 30...
Buff. Roch. & Pitts.. Apr.
Jan. 1 to Apr. 30...
July 1 to Apr. 30...
Canadian Paclflc... Apr.
Jan. 1 to Apr. 30...
Central of Georgia. . Apr,
Jan. 1 to Apr. 30..
July 1 to Apr. 30..
Cent.of New Jersey. Apr.
Jan. 1 to Apr. 30.
Chesapeake A Ohio. Apr.
Jan. 1 to Apr. 3o...
July 1 to Apr. 30...
.
—
—
024,879
605,001
Totol both Co.'s.... Apr. 2.916.023 3.072..573
Jan. 1 to Apr. 30... 11. 594.801 10.760.030 3,200.302 2,039,(»1
2,676,0e«
2,078,319
13,790.109
.14,837,233
30.
Apr.
1
to
Deo.
3l.liD2
00,470
131,006
193.730
Rio Grande Wesfn.. Apr.
110.369
231,302
467.014
710.816
Jan. 1 to Apr. 30 .
447,543
742,012
1,303,403
1,010,469
30
..
Apr.
1
to
July
was 953.* Including Income from Investments net in April. 1801, wa**
n 80.
784. agaliwt a deflolt of «22,779 for last year ; January 1 to Aprtl
839,
April
«2,065,!
to
30,
months
for
10
$503,614;
imtMe, azalnst
gaiiut $2,050,800.
percentage
on
a
operated
roads
due
proportion
deducling
I After
bu.«U. net IQ April, 180 1 was *537,825. against *.574.19 J in 1 89<> ; for
4 mouths to April :i((. #2.040,000, against *2.lo7,78;t, and October 1
to April 30, $3,917,323, against $4,047,842 last year.
,
4.847
1,526
12,841
277,202
145,079
returns can be obtained, is given once a month In these
columns, and the latest statement of this kind will be found
The next will appear in the
in the CnRONicLE of Alay 33.
. .
1,163
614
„,
118,0711
1
. .
36
31,(593
21.527
31.502
243,000
58.300
26.030
06,528
7,170
S6.190
2,371
22,089
344. .550
48.736
40.765
7,534
114.836
73.532
87.562
Decrease
22,628
4.397
12.951
52,000
161..500
21 .195
4,807
41,147
177,064
402,115
99,653
4.329
15.736
44.605
241.065
35,010
65,007
8.696
109.031
0,067
28.185
29,447
212.874
73.800
23.081
08.470
61,06<)
Increase.
p. o.)
(
Net Earnings Monthly to Latest Dates.—The table fol8.516.743 lowing shows the net earnings reported this week.
A ftdl
337.243
8,853,0S0 detailed statement, including all roads from which monthly
4,049,4^!)
32.4-25
Total(66 roads)
Net Increase 1 02
—
The following roads, in
Interest Charges and Surplus.
addition to their gross and net earnings given above, alM
report charges for interest, &c., with the suri)lus or deMcit
above or below those charges.
,-Inler'l, rtntal; A-.-. ^Bal^of KeL Earnik^
1891.
1800.
1801.
*
$
$
Roads.
127,430
773,516
792.000
Apr.
Burl.
&Clnlncy.
Chlo.
124,701
df.
Jan. 1 to Apr. 30... 3.163,000 3,004,062
113,473
262,760
241,342
aev. an. Ch. * 8t L. Apr.
July 1 to Apr. 30... 2,472.448 2,562,053 1,127,311
11,077
87.361
88,603
Kan. C. Ft. 8. A Mem. Apr.
228,043
800,637
3.'0,«27
July 1 to Apr. 30...
IHOa
• -_
39.790
734.80*
01,IS9
1.16<>,a38
dcf.3.(H6
451,614
THE CHRONJCLE.
830
[Vol. Lll.
Brought forward
ANNUAL REPORTS.
Disbursements —
$^,^79,07^
Interest on bunds
Miscellaneous
$2,564,390
833,655
155,412
79,444
71,199
Total
Balance, surplus
$3,704,100
$674,974
Rentals paid
Car trusts including interest)
Interest on L.
Pittsburg Cincinnati Chicago & St. Louis Railway.
("For the year ending December 81, 1890.^
The first annual report of this important consolidated company has just been issued. The report is well made up, giving
the earnings and expenses of the consolidated lines in 1889 as
well as 1890, and thus furnishing two years for comparison.
The tonnage transported in 1890 was 13,172,938 tons, against
13,415,124 tons in 1889. an increase of 757,814 tons, the greater
portion being in through traffic. The largest items of increase
were lixe stock, anthracite and bituminous coal, coke, lumber,
petroleum, manufactures of iron and steel, cement and general merchandise. The decrease was most marked in grain,
flour, hay, fruits, vegetables and other agricultural products,
ores and "sugar. There was an increase in freight earnings of
fl, 175, 956. The average rate received per ton per mile was
6 6-10 mills, the same as in 1889, but there was a decrease in
the cost of movement of 1-10 mill, resulting in a net profit of
1 6-10 mills as compared with 1 5-10 miUs in the previous
year.
Miami
securities transferred
Pacific Mail Steamship
Company.
CFor
the year ending April 30, 1891.^
The annual report of Mr. Geo. J. Gould, President, remarks
that "the business of the company has increased in both gross
and net earnings and would make a still better showing were
it not for the unfortunate revolution in Chili, which has
materially reduced the earnings for that portion of our service
during the last six months.
" In view of tlie probable action of Congress in regard to
the maQ service to foreign ports, the company deemed it best
to utilize its earnings for the year in putting its fleet in condition to take the best possible advantage of the proposeed
law. Congress previous to its adjournment enacted a bill that
will be of great value to the steamships engaged in the foreign
carrying trade.
understand that the Post Office Department has now in contemplation the carrying out of this law,
and we hope to avail of same to the material advantage of the
We
There were carried 5,562,653 passengers, as compared with
5,150,866 in 18«9, an increase of 411,787, mostly in local travel.
There was an increase of $290,560 in passenger earnings, and company.
" During the year the company has built two new steamers
as the rates received show a slight increase, and the cost of
the
Costa Rica and Nicaragua
movement a slight decrease, there was an increased profit of }4
of a little less than
mill per passenger per mile. It will be noted that there was two thousand Ions burden each, of high speed and first class
an; increase in expenses in all departments except that of in every respect. It has also constructed new engines and
maintenance of cars, the main increase being in conducting boilers, which can be utilized for either the City of Para or
City of Rio,' or for entirely new vessels of four thousand
transportation and motive power, and due largely to the intons, should it be deemed advisable for us to do so in order to
creased volume of traffic.
The condition of the property was fully maintained, and avail of the terms of the postal law.
large expenditures were made in betterments and improveThe proposed reciprocity treaties with the Central and South
ments, and in additional equipment, the aggregate of the same American republics promise an excellent field for the developbeing |1, 188,156 which was charged to capital account.
ment of this company's business, and it has been the desire of
The equipment, was increased by 19 passenger and 6 bag- those administering your affairs to be prepared to the fullest
gage cars, and the motive power by 10 new standard engines, extent to carry out a policy that would seem to be of so much
24 engines, 1 baggage and 8 passenger cars, formerly leased benefit.
from the Pennsylvania Company, were also purchased, but as
The annual report of the Pacific Mail Co. gives no balance
these had been carried in equipment account no increase in sheet; the comparative earnings and expenses^are compiled for
—
'
'
'
'
—
'
'
'
number resulted therefrom. The general condition of the the Chronicle as follows
motive power was further improved by the substitution of 33
EABNINGS AND EXPENSES,
new engines for a like number condemned and transferred,
Earnings—
1887-88.
1888-89.
1889-90.
and by the filling of 13 vacant numbers. The usual payments Atlantic line
$807,011
$777,435
$683,488
1,778,275
2,006,894
2,186.352
were also made on account of equipment furnished under the Panama lines
Transpacific line... 1,334,384
1,201,580
942,143
«ar trust system.
Subsidies
101,633
100.267
103,000
President George B. Roberts remarks in his report that the Interest and divld'ds.
16,712
32,138
17,094
:
volume
of tonnage moved over the entire system, including
lines not embraced in the consolidation, shows for the year
Miscellaneous
Total
Expenses
Atlantic line
1890 a continued increase over the year 1889, there having
—
been a gain of 1,042,052 tons, practically extending over all
the roads in the svstem the aggregate was 17,621,524 tons, as Panama lines
Trans-Pacific
against 16,578,572 in 1889. The average rate received on the Agencies
traffic and the cost of moving the same were substantially the Miscellaneous
;
same
as for the preceding year the result being a profit of
1 9-10 mills per ton per mile.
The volume of passenger business also increased, the number carried being 8,123,636, as
against 7,467,189 in 1889, a gain of 656,447 and as the cost of
moving this traffic was the same as for the preceding year,
and the rates received show a slight improvement, there was
a profit per passenger per mile of 1 6-10, as against 1 3-10 mills
1889.
1,144
Miles operated
Operations—
Passengers carried
Passengers carried one mile
Kate per passenger per mile
rrelgnttons carried
Freight to s carried one mile
Kate per ton per mile
5, 1 50,866
135,555,097
Earnings—
llfffWers
^eteht
Mall, express, etc
"^"ta'
$553,787
$502,006
$495,673
1,421,307
714,189
406,751
493,702
1,528,697
1,520,057
762,536
1,614,852
792,696
375,033
217,397
837,616
407,729
338,333
411,8-13
358,636
2-30 cts.
12,415 124
1,460,926,586
0-66 cts.
$
$
3,201.870
9 699,044
1,081,020
3,492,434
10,875,002
13,931,934
15,452,932
3,596,530
3,042,503
853 4'8
4,235,958
3,410,480
1,881,004
l'392'691
1,327,.'>09
1
."
'.'.'.'.'.
^"'al
Het earnings
Percentage of oper. expen. to earnings.
''"''""' ^'^''"'"'^
'568597
10,458,799
3,523,135
74-62
Freight.
Total.
$110,859
427,891
448,197
$586,432
1,834,747
659,404
$697,291
2,262,638
1,107,601
$986,947
$3,080,583
$4,067,530
Total
Cleveland Lorain & Wheeling RB.
{'For the year ending December 31, 1890.^
Of the total amount of freight moved during the year,
which was 1,680,445 tons, 1,043,783 tons, or 62-05 per cent, was
The next largest movement of any single commodity
was of iron ore, 275,357 tons, or 16-38 per cent of the entire
freight traffic. There were carried during the year 379,836
passengers, an increase of 234 over the previous year. The
average distance traveled was 1699 miles per passenger, at a
coal.
cost to the company of 8-06 cents per mile, the average receipts per passenger being 3-30 cents for each mile.
The equipment of the company was increased during the
year imder a car trust lease, with option to purchase, made
with E. R. Perkins, dated July 1 1890, as follows Locomotives, 7; passenger cars, 6; box freight cars, 100; side-dump
coal cars, 100; revolving derricks for Lorain docks, 5. Necessary repairs wei-e made to docks, coal and ore hoisting
machinery at Lorain, and an elevated track, 1,200 feet long,
was built at that port on piling for the storage of iron ore.
,
1,08.1,500
:
Earnings, expenses and charges were as follows
EARNINGS, EXPENSES AND CUABGEg.
1887.
Earnings from—
Passengers
Freight
610,448
$
1889.
$
140,777
958,743
1890.
$
1,102,882
736,861
1,169,600
819,351
1,124,346
803,328
1,209,655
366,021
350,-249
321,018
322,862
Interest on bonds
Div. on pref. stock
52,000
121,142
55,000
92,000
58,000
92,000
58,000
Balance, surplus
173 142
192,879
147,000
203,249
150,000
171,018
58,000
264,863
&c
Total earnings
Oper. exp. and taxes
^"^ ^890.
1888.
135,315
1,012,097
22,188
Mall, express,
3,987,443
74-20
$
125,714
956,625
20,543
11,46.5,489
Netearnings
24,826
148,330
1,036,542
24,883
886,793
Deduct—
Net earnings of Pittsburg anclnnatl Clilc. & St. Louis ....-.$3,987,444
»et earnings of L. Miami and '7 profits of St. L. V. & T. H..
387,185
4,445
.$4,379,074
Passengers.
lines
Traus-Paciflc line..
1890.
1,144
5,562,653
145,071,323
2-34 cts.
13,172,938
1,651,110,648
0-66 cts.
Expenses—
Transportation
Total
$4,298,571
$602,170
Atlantic line
Panama
:
JflMWI
133,591
$4,065,668
$3,638,119 $3,666,162 $3,555,118 $3,495,650
Netearnings
$440,428
$494,895
$510,550
$802,921
The following were the proportionate earnings of the several
lines from from freight and passengers in 1890-91
" Within a comparatively few years a large portion of the
underlying sectional mortgages now bearing 7 per cent will
mature, so that the shareholders will reap the benefit of a reduction in the rate of interest on the existing debt, and be
able to procure on a more favorable basis the additional funds
needed, from time to time, for the development of their system."
Operations, earnings and charges were as given below
OPEIUTI0N8 AND FISCAL RESCLTS.
•tuoellaneous
42,743
$4,161,057
Total
m 1889.
Iteceipts-
40,532
$4,078,547
;
;
Motive power
Maintenance of way
Maintenance ol cars
Oeneral expenses
line...
1890-91.
$697,291
2,262,638
1,107,601
103,000
33,463
94,578
'
Mat
THE CHRONICLB.
80, 1891.J
Ohio Rlror Railroad.
fFor the year ending December 31, 1800.^
The annual report slates that " notwUhatanding the continuation of the utifavorable season, i^hicb has been attended
with storms and flooils throughout, the results of the year's
operation show a honlthy increase in both paiis^nirer and
freight carninKS. Ttie gros-i earninK^ increased $91,203, but
faom tliiH there is to be deducted in excess of the am >unt
charged last year for maintenance of way, $82,572, and for
motive iKJwer. $1!<.330. still leaving an increase in the net
eaminpi of $21,33 1 over thy previous Tear, the increasiHl
volume of freii^lit nacu-isarily increasing the cost of transportation, while the amount charged for repairs of cars has further increased the ofierating expenses. The additional expense by an increased taxation imposed by the Board of
Public Works, from which there is no relief, has also decreased the net revenue $18,273. The increase in oprating
expenses, arising from the result of the year's business as
stated, is 21 Ot |>er cent.
The physical condition of the roadway has been m;iintained and improved by the renewal of
ties and by large quantities of stone, slag and gravel which
has been used for ballast."
Earnings, expenses and charges were as follows:
EARNINOS, EXPENSES AND CHARGES,
83 f
"SiNKiNO Ftnd.—The company
and place in the hands of the
required to set aimrt
on or before
the Ist
of May of ea<'h year,
a niai sufflcieot to
redeem and pay off $(0,000 par value of bonda.
These boada were iwued for the purpose of aoqairing additional oo«l landf and enuipment of mines. The bonds are
•
first and only lien on all of the company's property,
suppUmentil mortgages having been executed, subjecting tlie property acquired, with the proceeds of the »alo of these bonds,
to
all the terms and conditions of the original mortgage, om
additional st^curity for the bonds.
The property covered by the
Cm
;
;
1888.
1889.
248.939
289.922
90,908
298,293
320,745
61.934
Total
471,805
OperatiiiK expenses and taxce.. 269,883
589,769
313,229
6-0,972
397,369
201 .922
276,540
283,603
lows
196,818
1,650
220,836
4,228
221,400
7,027
141
Orosa eamtDgs
Operatlni; expenses and taxes
198,468
3.454
225,064
51,476
228,568
55,035
Charges
4o
Net earning
Deduel—
Interest
Rentals
.-
1890.
$
S
ColnmbiH & Hocking Coal ft Iron Co.— The statement*
March 31, 1890 and 1891, were as fol-
for the years ending
:
1889-90.
Ml»celIaDeoii8
Total
Surplus
trustee*,
original and supplementary mortgagee couists of 31,100 WMOO
acres of coal land in Weld, Huerfano,
Aoimas. Oarfleid,
Ounnison and Pitkin counties. Col., of which 19,824 92-100
acres are owned in fee simple, 720 acres are held under
perpetual
lease
and
536
acres
held
under
lease
an(l contract to purchase.
Also the mines, equipment,
buildings, coke ovens and improvements of all kinds.
The company ha.s six mines eqinipped and in operation, with
an average daily capacity of 6,.'500 tons of coal and 150 tons of
coke. The net earnings of the company for the year ending
June 80, 1889 (the mines were only opened and in operation a
portion of this year), were $J3;),673 44
for the year ending
June 30, 1890, $305,916 46 for ten months of the current year
to April 30, 1891 (April estimated). $380..53.5 .54. an increase of
20 per cent over the same period of the preceding year. The
bonds which have been canceled for sinking fund were Noe.
701 to 720 both inclasive, 881 to 910 both inclusive. 1.171 to
1,200 both inclusive."
$
216.095
210,139
45,571
Eamtnga—
Paagenirvr
Freight
Mall, express,
is
1890.91.
9
Neteamln^B
Surplus
9
986.590
867,365
1.190.011
l,0t2,37S
121
21,225
147,638
9%,0VO
132,580.
26.205
15.05»
Tovliigton * Northern -Covington ft Macon —The Covington & Northern Railroad Company has been organized witn
Alexander Brown, of Baltimore, as President, " taking over"
Cahaba Toal Mining Co.—The annual report for the year the Covington &, Macon Road.
RTansvllIe ft Terre Hante.—At a meeting of directors held
ending March 31, has been received. The coal output was
509,631 tons and that of coke 58.815 tons the earnings were May 26, 1891. a scrip dividend was declared, granting to till
stock
and scrip holders of record June 18, 1891. the privilege of
$283,761 an(Kthe net proBt $173,577. A dividend of one per
cent was paid on the $1,400,000 of capital stock, the balance purchasing bonds of the Evansville & Richmond Railroad Co.
of the earnings being used for interest charges, the sinking now in the treasury of this company, and guaranteed by the
E.
T. H.. in an amount equal to one third of the amount in
fund, reduciion of floating debt, etc.
pa." value of such stock and scrip then held by each stockCalled Bonds.—The following bonds have been called for holder, at the price of eighty cents on the dollar,
and
payment:
also of receiving an amount of new stock as bonus equal toTarkio Vallby RR. Co.— Nodaway Valley RR. Co.— the amount of bonds so purchased. The option in favor of
First mortgage 7 per cent bonds dated 1880, due June 1, 1920, stockholders continues until August 26, 1891. The amount of
to be paid on presentation to the trustees on and after June 1, this scrip dividend is $1,000,000, or 33)^ per cent on the pree1891, at No. .50 State Street, Boston : Eleven Tarkio Valley ent stock.
Railroad Co. Bonds of $1,000 each, viz.,
Kansas City Wyandotte ft Northwestern.- First mortgage
Nos. 11, 32, 71, 105. 178, 191,205, 229, 273, 365, 382.
bonds will be received by the Central Tru t Company of New
York under an agreement between the London Committee,
Ten Nodaway Valley Railroad Co. bonds of $1,000 each.
dated April 22, 1891, and Messrs. Frederic P. Olcott, HenryNos. 4, 23, 31. 37, 127, 142, 175, 205. 213, 335.
BooNEVlLLE BRiDflE first mortgage 7 per cent bonds, dated Budge and Andrew Haes. The agreement provides for the
perfection of a plan of reorganization.
1873, due May I. 1906. to be paid on presentation at the office
Kings County Elevated —The statement for the quarter
of the Union Trust Company of New York, trustee, interest
and nine months to March 31 is given below:
ceasing July 25. 1891, 26 bonds of $1,000 each viz.:
GENERAL INVESTMENT NEWS.
;
&
9 mot. end.
Nos. 5.'), 60, O'f. la-?. 176, 195, 274, 342, 370. 377, 610. 621, 634, 638,
683, 698. 731, 745, SZi, 845, 850, 9u4. i)i5, 934, 940, 971.
Chattanooga Konie
& Colambns.— A
&
^Quar.end.lleh.m.-^
&
Western, endorsed by the Central Railroad
pany
Gross eaniinKS
OperatiuK expenses
&
& Banking Com-
;
592.152
4J3.561
35,l'7l
64,783
168,591
525
95
333
36.496
4t,692
64.878
48.009
168.923
143,44»
Net eamlDgs
Other iDcome
of Georgia.
Chica.'o * Northern Pacific— Baltimore * Oliio.— A dispatch from Chicago date<i 27th inst. said: "President T. F.
bakes of the Nirihern Pacific Railroad, President Cliarles F.
Mayer of the Baltimore & Ohio and President D. J. Wegg of
the Chicago & Northern Pacific, have been in conference
here to-<lav for the purpose of settling the details of the contract by which the Baltimore & Ohio is to use the Northern
Pacific's terminals in this city.
It is understood that the
deal has been practically closed, and that just as soon as a
section
short
of road can be constructed to establish the
necessarv connection within the city limits the Baltimore &
Ohio will bei^in running trains into the Orand Central pas•
•
»
senger station.
Xhe terms of the deal have not
been made public."
Colorado Fuel I'onipany.— The application of this company
to the New York Stock Exabang* requested the listing of
$1,120,000 of its general mortgage 6 per cent gold bonds.
"The total issue of said bonds was $1,200,000, of which
$80,000 havi? t)een canceled, in accordance with the sinking
fund provisions of the mortgage. The bonds are dated Mav 1.
1889 mature Mav 1. 1919 par value, $1,000 each numbered
from 1 to 1.200 inclusive; interest 6 per cent per annum
interest piyahle May 1 and November 1 ; principal and
interest payable at the office or agency of the company in
New York. Transf"r and registry office, Atlantic Trust
Company, 39 William Street, New York. Trustees, Atlantic
Trust Company, New York,
;
1891.
188.750
152,779
S
213.609
148,826
#
press dispatch reports
that the Chatiano<ig} Ri-na
Columbus Railroad has been
sold to the Columbm
Western Railroad. The consideration
is $400,000 of the first consolidated bonds of the Columbus
Total
Interest, rentals and taxes
Balance
MarrkSU
1891.
18ii0.
def.
8.196 snr. 16.869
ft
rar.
25.474
Low-Priced Railroad Stocks.— The Investors' SupplkME>rr issueJ witn the CHROracLE today contains an article
on railroad stocks ruling at low prices, together with a review of the course of such stocks
tne market since 1836.
.Hemphis ft Charleston— Gi<«t Tenne.sese Virginia ft
Oeurgia. The suit of the minority stockhol.lers cams up on
the 21st inst. for a final hearin.5 k)efore Chancellor Cobb, at
Birmingham, Ala. Counsel were given twenty-five days to
submit briefs, and a decision is looked for in the coarse of
m
—
sixty days.
—
Mexican Central. It is announced that the Tampico
the Mexican Central Road will be operated ia
income ac«)unt from July 1 next. While the line has been
division of
completed, so far as the linking of the tracks is concerned,
for over a year, the ntadbed has not been in such aconditioa
as to permit of any com uerci:il busineaa.
;
;
I
Michigan Central -Jackson Lansing ft Saginaw.—Th*
Michigan Central Riilroal Compmy iiivee notice to tho
holders of 8 per cent " consolidateil " and 6 per cent
" Northern Extension " raortgacre bonds of the Jackson
Lansing & Saginaw Railroad Com^umy. which become due
September 1 next, that payment of said bonds will be
extended ten years from tliat d.ite. with interest at the rate of
5 per cent per annum. All bonds of the above ij>sues not
THE CHEONICLK
832
offered for renewal wUl be paid at the oflace,
gn and after September 1.
New York City,
&
Nashville and some of the
representatives of Louisville
large minority stockholders, it was practically agreed to call
a meeting of stockholders with a view to offering them the
right to subscribe for §3,500,000 of new stock at a low figure
50 has been suggested. The capital is now $8,500,000, and it
is proposed to increase it to $10,000,000. on which amount tlie
officers of the company believe 6 per cent dividends can be
Dow,
paid, and additions made to the already large surplus.
Jones c& Co.
;
Stocks Authorized or Offered.— The follow-
of new issues of securities now offered for sale, or
Boon to be offered :
Akapahof, CorNTY, Coi.— $25,000 seliool 6 per cent bonds, of District
No. 5, di e in 15 years. Bide will be received till June 6 by George
Bichardson, 18 Jacobson B:oek, Denver, Col.
Boston, M.tss.— $700,000 "public park loan " 4 per cent bonds, due in
30 years .f 500,0(iO " scnoolbouse sites loan " 4 per cent bonds, due
in 1911. Bids will be received till June 8, by A. T. Turner, City
ing
is
a
list
;
Treasurer.
Bradfokd, Mass.—$10,000
sewer 4 per cent bonds, due 1892
and after. Bids will be received till June 9 by H. P. Morse.
Bbooklyn. N. Y.— $100,000 "soldiers and sailors monument " bonds
(or less)
areautliorized.
Cisco, Texas.— New bonds will be issued.
Dayton, Ohio.— $20o,000 school 5 per cent bonds, due July 1, 1893 to
1901. Bids will be received by L. Butz, Jr., Clerk to Beard of Education, till June 22.
Pallas, Texas.— $100,000 40-year 5 per cent water and $150,000 40year 5 per cent sewer bond.s will be issued.
Ti.ORENCE, Ala.— $50,000 bonds will be issued.
Highlands. Col.— $40,000 6 per cent sewer bonds, due in 15 years,
Sayiible in 10 years. Bids will be received by A. P. Smithers till
une IG.
Houghton County, Mich.— $45,000 5 per cent bonds. Bids will be
received till June 20 hy Peter Primeau, Uougbton, Mich.
Jamaica, L. I. —*4'i0.000 bonds have been authorized.
IHarylam).— $370,000 3 per cent exchange loan bonds of 1891 are to
be oifeied.
CdL'nty, MONTANA.— $39,000 7 per cent bonds, due In 20
years, redeemable after 5 years. Bids will be received by C. E.
Wight. White Sulphur Springs, Montana, till July 1
Newton. Mass.— $100,000 4 per cent sewer bonds, due 1911. Bids
will be received t.ll 4:30 June 1, by John A. Kenrick, City Hall,
MEAGHr R
'
Ohio Southern.— The earnings for the calendar year 1890
were $554,390 gross, against $525,657 in 1889
operating
expenses and taxes $292,509, against $307,836 net earnings
$361,881, against $217,831
interest on bonds $226,800, against
;
Nashville Chattanooia & St. Louis.— The bid price of
Nashville & Chattanooga has advanced to-day to 110. We
understand the reason to be that at a meeting yesterday of
New Bonds and
[Vol. UI.
West Newton.
Pkovince of O^TARIO.—$14,000 40-year annuities. Bids will here
ceived by R. Harcourt, Treasurer, Toronto, till July 10.
Balem, N. C— $50,000 improvement bonds arc authorized.
Tacoma, Wash.— $150,000 per cent school bonds will be issued.
Waco, Texas.- $40,000 sewer and $150,000 street improvement bonds
will be issued.
;
;
$142,800
;
surplus $35,081, against $75,021.
Pacific Mail Steamship.— At a meeting of the stockholdWednesday, May 27, 1891, the following named gentlemen were elected directors for the ensuing year: Collis P.
Htmtington, Henry Hart, Isaac E. Gates, Calvin S. Brice,
Samuel Thomas, Jay Gould, Russell Sage, George J. Gould,
J. B. Houston.
At a meeting of the board held the same day
Mr. George J. Gould was reelected President and Mr. J. B.
Houston Vice-President of the company.
ers held
Pittsburg Shenango & Lake Erie.—The last track on
the extension to Girard, Pa., on the N. Y. Chicago
St.
Louis, was laid last wfek. The new steel bridge over Elk
Creek, near Girard, has also been completed. Trains have
begun running from the southern terminus at Butler to
Girard and will probably soon begin running to Erie over the
tracks of New York Chicago
St. Louis.
About 10 miles of
track on the extension was laid last year from Greenville and
about 35 miles since last January from Dixonburg to Wallac
Junction, near Girard. " SaiJroad Oazette."
&
&
—
Bapid Transit in New York
—
City. The commissioners on
37 submitted their report of a plan, as embraced in the
following resolutions
Resolre'l. That after a thorough Investigation it Is the sense of this
board that .iny additional rapid transit system for the city of New
York should embrace the following essential features
First— That it should be such as to provide not only for present needs
but also be susceptible by additions and not by r;i(llenl changes and
alterations of such expansion as the future growth of the city may
May
:
require.
Second—That it should provide for express tr.tins at high speed for
long distance.^ and for way service for intermediate distauces upon
separate tracks, so located as to facilitate at proiwr intervals and
exchange from express to local and from local to express trains.
Third- That the surface of the streets and avenues in the city should
be obstructed to the least possible extent, and that whenever surface
ground is required, private instead of public property should be used,
practicable.
Fourth— That the first lines of railway to be constructed should be on
or near the important thoroughfares oolncident, or as nearly so as possible, with the main arteries of travel.
Hesolreri. That as meeting these requirements most feasible for
the west side of the city, this board hereby approves of a plan for an
underground four-track railway under Broadway, from a point at or
ue»r South Ferry to Fifty ninth Street ; thence under the Boulevard to
a point at or near One Hundred aud Sixty-ninth Street (with such
length of viaduct at and near Manhattan Avenue a^ may be necessary;
thence under Eleventh Avenue or under private projieny immediately
to the we.^t thereof, as may be found most conveuient, to.such jioiut as
the contour of the eround may determine thence Ivy viaduct across
Spuyten Duyvil Creek, and by tunnel or viaduct to the city limits.
Ites Irrd. That the general i)laii of construction from at or near
South Ferry to near Forty-second Street shall be either by double-deck
tunnel, with two tracks on each deck or four tr.acks on the same line,
as may be found on examination and survey most expedient, the whole
to be at such depth below the curb line as not to disturb the surface or
endanger building foundations; from near Forty-second Street north
to be four parallel tracks upon the same line and as near the surface of
the street as practicable when in tunnel, but not in open cut at any
if
;
New York
Stock Exchange— New Securities Listed.— The
.governors of the New York Stock Exchange have added to
the lists the following
Chicago & Northwestern Eailw at. —Additional $2,720,000 4 per
:
,
cent extension bonds, against the deposit with the trustee of the same
amount of first mortgage bonds of auxiliary companies.
Chicago & Nohthwestern Railway-.— a new issue of i»5,000 000 5
per cent debenture bonds representingpermantnt improvements of the
property.
Chicago
St.
Paul Minneapolis & Omaha Railway.— Additional
$346,000 cousollcated 6 per cent bonds, making the amount
listed
1^13,413,000.
IiONG Island Railroad.— Additional $500,000 general mortgage
bonds, i.^sued for general Improvements.
Colorado FUEL Co.mpany.—$935,000 general mortgage 6 per cent
.
•
bonds
.
Ohio & Mississn-Pi Railway.- $28,000 general mortgage 5 per
cent bonds in place of the same amount of a previous issue that has
been can eeled.
MANHA'n-AN Railway.- A new issue of $4,000,000 stock for the acquisition of tlie Suburban Rapid Transit Company, making the total
Norfolk * Western.— The Norfolk & Western Railroad
preferred shareholders have exercised the option
.
common and
of subfcribing to the new preferred stock of the company at
$52 50 I er share to the extent of 25,000 shares. This amount
is said to be sufficient for the company's present requirements
for imrrovements, extension of lines, equipments, etc. The
right to subscribe to the new issue of preferred stock expired
'
on the 27th.
& Reading.—The statement for April and
of the fiscal year shows the following
1890.
1891.
1889-90.
1890-91.
^o^yj-vx.
BAILBOAD COMP'Y.
$
$
$
AprV.
^Dec. 1 to April 30
.„
Grossreceipts
1,070,996
1,610,326
7,721,047
8 030 H44
'^.'j'J".^**
•'
'-^
".^'. «-.
Gross expenses
096,601
923,871
4,770,205
4,74o',906
rhiladelphia
for five
mouths
:
,
—
,
Net earnings
Other net receipts....
Total
Deduct—
Permanent imp'm'ts.
Prop't'n y'r'B charges
Total
^COAr&ihoN
"
686,455
35,498
2,950,842
167,145
3 289 >»3S
191,030
722,679
721,953
3,117,987
3,480,968
49,419
598,505
59,445
360.463
2,992,523
243,123
3,081,268
615,8-J3
647,924
675,328
3,352,986
3,324 391
^""^''^^^
sur.46,625
df. 234,999
sr.l5e',577
1,395,577
1.389,080
1,305,696
1.297,287
6,075,122
5,997,678
6,856 443
6,497
8,409
77,444
135,805
62,017
CO.
.Grossreceipts
Operating expenses.
Net earnings
,
680,395
42,282
Jltducl—
CpUiery imp'nts
6',72o',638
ft«'n year' s charges
eslsii"
67,046
21,828
68,000
342,553
353,963
92,963
310,000
Total
Def.ofCoaliilronCo
Surplus of KE. Co..
130,528
124.031
74,753
156,874
148,465
46,625
694,773
617,329
df.234,999
786,926
651 121
Bal. both Cos,..
dl,49,278
df.101,840
dl.852,328
Permanent
imp's...
352,220
156,.577
df.494,544
point.
Mcsnived.
That the stations for such line of railways shall be upon
property acquired for the purpose, and shall bo provided with ample
elevator capacity where the platform shall be twenty feet or more
below the curb line.
Resolved. That the motive power for such railway shjiU be electricity
or some other power not requiring combustion within the tuunel.
Itesnttrd. That the engineers of this board be, and are hereby,
instructed to make the necessary surveys and prepare in detail the
plans and .specifications for such railway, aud submit the same
promptly to the board for its further action in finally determining a
general plan for submission to the Common Council in at-cordauce with
the provisions of the Rapid Transit Act of Jan. 31, 1891.
St. Louis Yandalia & Terrc Haute.— In 1890 this company received from a settlement of back accounts with the
Terre Haute & Indianapolis $287,157 in cish and $657,665 in
5 per cent notes, due $.'5,000 monthly, beginning with August
This payment has enabled the company to pay up
1, 1890.
part of the accumulated 7 per cert dividends on its preferred
stock, $477,010, having been recently applied to this purpose,
covering the accumulated dividends up to December 31. 1878.
The Terre Haute & Indianapolis owns $326,000 of this preferred stock, which it values in its balance sheet at 125, and
the Pennsylvania Railroad Comnany owns $837,000, the whole
The differences between the Terre
issue being $1,544,700.
Haute & Indianapolis and the Pittsburg Cincinnati Chicago &
St. Louis, as lessees, relative to the division of profits from
operating this company's property, after paying 30 per cent
of the gross earnings to the company itself, have been settled, and hereafter tlie Terre Haute Road will receive twosevenihs and the Pittsburg Cincinnati Chicago & St. Louis
The suit of tlie Vandalia to
five-ieventJis of such profits.
annul the lease of its road to the above mentioned companies
is still pending in the United States Supreme Court, and a
decision is lioped for during the October session. Judge Gresham, it will be remembered, decided in favor of the validity
<
of the lease.
—
&
Attention is called to the card of the Exchange Banking
Trust; Co., of Charleston, S. C, which will be found in the
Chronicle to-day. The directors are well-known business
men in Charleston. The company transacts a general banking and trust business and invites correspondence in reference
to making investments in the South.
—
Mr. William M. Earl, of 50 Broadway, is giving his
attention to dealing in special investment stocks, such as the
Singer Sewing Machine Company, &c. See card in another
column.
I
May
THE CHHONICLK
80, l-flM.]
8S3
COTTON.
3?hc OPammeixial ^imts.
Fridat. p. M.. May », 1»1.
Thk MovKMKirr or
COMMERCIAL EPITOME.
I-'RIDAY
NiOHT,
May
29. 1891.
There were reports of exccssivo rains in the trans-MissisBippi region early in tlie week under review, causing local
On the
flood-i, but no serious injury to the crops is rt-porteil.
Atlantic Coast timely rains have fallen, but complaints were
made that the ni^lits were unseasonably cold. The speculation in breadstuffa at times has been quite excited, with
feverish fluctuations in values, but no great changes in the
aggregate for wheat, which has continued to be exported on a
Tlio steamers to English ports are again
freisht for considerable quantities of grain, but at
Tint Cnor, aa Indicated by our teltfcntu
from the South to-night, 1* Kiven below. For the week endtngr.
thin evening the total receipts hare reached 88,09') balM,.
against 88,991 boles last week and 32,919 bales the prertpMweek, raakinir the total receipts since the 1st of Sept., IWO,
6,749.898 bales, against 0,752,941 bales for the saoM period ot
1889-90. showteg an increase since Sept. 1 . 1890. of 996,8W hatm.
RteeiplM
at—
Wew
Orleani...
Mobile
Bavanoah
engaKing
low rates. The exports of cotton are materially reduced.
Some important failures among manufacturers of shoes have
Charleston
Port Koyal.Ao
.Tnne dellvary
Julv (I livery
Aiiiust cielivery
o.
o.
K51
....
6 KO
6 7:1
0-65
6-88
6-7i»
6*<i
6 57
6'69
6-81
«0'.i
CS7
6M
e-.'.S
B-SS
6 61
6-70
673
6-82
6 85
6-8fl
690
6 93
Pork has further declined, and the market at the close is
'ss, $13 S$12 75 for
very dull; quoted at $10 75'*$11 50 for old
new mess, $11 00,it$U 50 forextra primeand $13 50(ii,$14 35 for
c
Bvptomber delivery ....c.
October dtlivrry
6-.'S4
8-70
6-e3
m
Beef
clear.
is
steady; extra mess, $10(3$10
.50;
packet, $10 75
25: family, $12,<*$13 per bbl.; extra India mess, $l7(d$19
per tierce. Beef hams are nominal at $1S3$18 50 per bbl.
Cutmeats have continued dull, but prices are not materially
@S11
Pickled
lower.
bellies, 5%'abV)%c.;
pickled shoulders, i%iti
and hams, 9J^@10c. Smoked shoulders, 5}^(a5%c., and
Tallow has further declined, closing
hams, 10%'§U)4c.
quiet at 47^0^ Stearine is quoted at 7i^>97%c. in hhds. and
tierces, and oleomargarine is lowi-r at 7c. Butter closes steady
at 15(8 !9c. for creamery and 11® 15c. for Western factory.
Cheese is lower at 8J<*9J^c. for State factory full cream, but
closes with a good export demand and a steadier tone.
Cotfee on the spot has been dull and the quotation for No. 7
Rio is reduced to ISJ^c, and this grade closes dull, but
The
there is a fair business in Savanilla and Maracaibo.
speculation iu Rio contracts was generally dull at drooping
47^c,,
prices,
but to-day there was a partial recovery in response to
stronger European advices, and the sj)eculation was slow. The
close was steady, with sellers as follows :
15000.
17-60^. September.... .16-2.'5o. December
/one
14'8fn>.
l7'lOo. Ootober
15'70o. January
Juiy
14 85c.
aovember
15-15C. March
August
.. ..la-dOc.
I
I
I
—showing
I
week a
decline of 5(gl0 points, except for
which are dearer.
K;iw sugars have been in demand and are again slightly
dearer, at 3c. for fair refining Muscovado and 8J^c. for
Centrifugal of 96 deg. test. The sales to-day embraced 1,750
tons Iloilo to go to Philadelphia at Si^c., and 600 tons
Muscovado, 89 deg. test, at Hampton Roads, at 3c. Refined
sugars are fairly active at 5J^c. for standard crushed and
4 3-16c. for granulated, the latter showing a slight decline for
the week. The speculation in raws has been dull and closes
nominal, though slightly dearer, at 3-34c.(83-40c. for June,
3-44c.@3-50c. for July, 346c.@8-53c. foi Aug., 3-46c.@3-54c.
for Sept. and 3-48c.f<i3-54c. for Oct. Molasses quiet and
unchanged at 13c. for .50 degrees test. Ihe tea sale on
\Vednes<lay went off at firm prices.
Kentucky tabacco has sold for the month to the extent of
1,400 hhds., and the close is somewhat firmer in tone. Seed
leaf I'eflects a more active market, and sales for the week
aggregate 1,565 hhds., as follows: 600 cases 1890 crop, Wisconsin Havana, private terms; 175 ca-ses 1889 crop, Pennsylvania seed, 12'^15c.; 1.50 cases 1889 crop, do. Havana, 12J.^30c.:
140 cases 1889 crop, State Havana, 14® 28c.; 100 cases 1889
croii, Ohio, llfalSi^c; 1,50 cases 18^9 crop, Wisconsin Havana,
f'l'.j It lie, and 50 cases 1889 crop.
New England Havana, 19;^
-i.)c.
also 700 bales Havana, 70o.^81 15.
Refined petroleum is quoted at 7 -200. in bbls., 8-8.5c in c.isos
and 4-65o. in bulk; naphta, 6c.: crude in bbls. 6"60c. and in
bulk 4'0.5o. Crude certificates were more active to-day, selling at 68(*68!4'c. Spirits turpentine is firmer at SS'^aSSj^c.
owing to reduced stocks. Rosins are quiet at $1 •57J^«5l <50
for strained. Wool is unsettled. Hops are quiet and scarcely
for the
the distant options,
;
so firm.
367
311
346
1,617
1,4A8
606
3,316
36fl
41
360
110
"soi
341
309
•71
53
81
821
029
1,483
S30
513
1,130
8.433
830
"ml
"886
570
441
634
329
8.220
17
8
22
6
1
10
64
Wllmlii);ton
WaiAi'gton,&o
557
436
965
"iVJ
523
484
131
188
87
291
860
382
"633
131
"840
497
331
306
723
443
118
114
193
29
4,99l!
5.729
763
iforfolk
West Point...
"
Boston .........
Baltimore
Totals this week
5,346l
4,015|
1,036
31
634
8,731
1.171
8^7
600
381
438
8,6^8
2,320
115|
1,121
i,6e»
3.77l'
9.228
3»,0«2
1
PhlladelpU'a,<Su!
S.MO'
8ft7
Wwp'tN's.Ao.
Sew York
AM
n-i.
181
Bransw'k.&o.
i$9
we
give the following table showing the
week's total receipts, the total since September 1. 1890. and
the stock to-night, compared with last year.
For comparison
1800-91.
1839-90.
aioek.
Keeeiptt to
Thlt
Week.
ifay 29.
1,
1890.
Week.
Savannah.
5,425,*
1098078
634
187,625
600,311
Bruns.,&c.
Oharleston ..
1
5,910 2,013,921
1,026 285,779
31
44.257
3,220
866
P. Royal.ic
Wilmington
WaBh'tn,&o
64
.
iforfolk
West Point.
NwptN.,*c
Sew York.
897
..
3,688
2,320
Baltimore. ..
PhU'del'a,&o
438
Boston
187,253
3,744
629,877
339,024
93,577
130,279
112.168
49,657
61,892
3,731
1,171
1,689
Sinee Sep.
1, 1889.
092
988,344
23,716
2,838
..
ThU
Sitice Sep.
9alTeston...
El Paso.ifcc.
Wew Orleans.
Mobile
Florida
1891.
1890.
753
836.942
23,212
10,962
4,674 1,931,601
34 239,663
82,265
.....a
1,332 932,890
364 162,814
138 319,623
1,833
3 132,583
8.740
465 401,559
40 324,349
128
58,759
113,469
70,802
35
139
87,666
732
78,755
157,088
9,966
46,389
2,007
18.027
5,302
14,254
383
5«9
5,233
1,258
11,181
1,794
871
tfilk
— <*4«
• **m'»m
— .-••
163,229
3,500
3,474
7,530
150
109,710
3.500
2,896
9,331
33.082 '6,749.393
8.776 5.752.541 407.109
188Ji22
Totals
* 2,631 bales added as correction of receipts since September 1.
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Reeeiplt
at—
QalT'ston.Ac
Rew Orleans
Mobile
1891.
1888.
1889.
1890.
2,838
5,910
1,026
5,425
3,220
692
687
4,619
3,045
34
64
3
465
168
Al'othem....
3,731
2,063
8,800
1,270
rot. this week
33,082
8,776
..
Charr8t'n,<feo
WUm'gt'n.dto
Horfolk
Wt Point, 40
1,399
127
1887.
1,233
6,464
63
495
410
37
234
314
Savannah.
152
3,398
3,077
188&
281
959
2,634
7,390
465
094
1,94»
821
63
194
110
333
we
3SO
487
263
2,403
1,960
1,339
4,400
2,037
5,137
7,690
22,536
7,599
19,837
3.6^1
826
31nce8ept.l. 6749.398 5752,541 5470.501 5367.311 5175,887 5185,176
The exports for the week ending this evening reach a total
of 89,379 bales, of which 33,531 were to Great Britain, 1,341
to France and 5,407 to the rest of the CJontinent.* Below are
the exports for the week, and since September 1, 1890.
Week MnMnf HayiS.
BportMf
Mxpofte
Oreat
lyvm
Total
„„^ WMk.
Qalrnton
Naw
18M, la Mat 29. IMI
JtaqMfMC*-
Sept. 1.
<
Osnti-
Brie'n. Franei
Orcal
Brttoln.
I
Orleans..
io,«n
IJtlO
Mob. A PeDCla
I
'*"«'
I
616.IS0
£6J08{
8e9.8tl> »>1,<I87,
74.S«7'
M3.4U
40S,<a»
1.M7
•$,180
U,6W
4S4U
•8.S30
Ittl.MS
98,632
S6S.387
Wllmlngtoa
<<arfolk
West Point
phia.
Total. ISao-W)
UU
141*
1S13M
iN'portNws.ac
Ntw
York..
1S,044
Bo«ton
6,017
Baltlmure.
S.1S9
PbU>dalp'a,*e
I.S11
isaK
l.f4S
6,01T|
601
TIB
<«0.804
aoo.iii
t».«»3
tt.m'
74J)17
1,730
n.ou
e7.i>isl
T»5
Ml
ntai
10£^S« MS.isa
63».«; i.8ti.aoi
10,330
Branawtck
Ctaarleaton
flunt.
6S3,M»
lte.45Ti S7,6«»l
..
OmM-
100
4SS.WI3
450.
SaTannata...
the Motal Exchange Straits tin has improved, with sale's
to-day of 30 tons at 20-40c. on the spot and 20'5jc. for August,
but closing rather dull. Ingot copper is firmer and Lnki'
closes at 130.5c. for June. IDomestic lead has further improved and closes at 4'43'2C. ou the spot, S|)elter is neglected.
The interior iron markets have been dull, and their tone is
somewhat weakened by the fioancial disorders at Philadel-
On
Thun.
Wed.
166
Florida
fairly liijeral scale.
General
Lab<jr troubles are nowliere serious.
occurred.
trade is fair for the season, but begins to feel the approach of
the summer holidays.
Lard on the spot has been inactive throughout the week
and so closes, but with a steadier tone at r>'60c. for prime City
and C'OK.-. for prime Western, with refined for the Continent
quoted at 6-5,5 rfiCSric. Tlie speculation in contract lard was
quite active at times and prices made some recovery from
nie recent low figures, in sympathy with the dearer grain
market; but the close is very dull.
DAILT OIXMIHO PRIOBS OF LARD FCTUSB8.
T\ur.
rue*.
Wtit.
Bat.
Hon.
Fri.
Tuu.
Uon.
Sal.
QalvestoD
EIPano.Ao...
1V»
178,i«T
7^6
1S,T«
Sl;i46
l.Mt
s»r,ikr
laautr
SMSl
ir->;
Total
SZ,&3l'
lt.«!lftl
1,311
17^1
3»,S7»'3.177.&21638.X66'Ui6,164
6.107
6.001
1
W.«01> 3.'«a,a38 «7«.»6S t.iO«.6a8
4.H6.WS
THE CHRONICLR
^34
-
Jfotf
&
Yale
Lambert. 24 Beaver Street.
On Shipboard, not cleared—for
29 ai—
Great
Britain.
Orleans...
ew
Oalreston
Otlier ports....
16.3G0
None.
None.
None.
None.
None.
6,200
6,000
Iotall891...
Total 1890...
»>tal 1889...
teTUinah
taisTleston..
..
Vobiie
irortolk
K«wYork
Other
France. Foreign
3,626
None.
6,173
None.
None.
None.
None.
None.
140
Coast-
28,204
766
540
None.
None.
4,500
None.
1,500
8.650
8,000
52,160
None.
3,800
None.
None.
1,450
2,000
28,560
7,173
11,016
5,411
16,300
17,420
200
2,416
3,550
12.465
4,176
3,408
The speculation
1,000
1,500
.5
CD
i
128,884
10,196
17,487
9,754
9,966
»
a
»;
<»
•
.
t
.
I
CD
W
C. ^
tscn_
?l
164.296
261,939
24,226
35,709
^v
Mod Tnea Wed
QDCB
01
<
00^ — "^
<*
*"
CJ"
OiOi
)«:
I
6\
6%
7»s
8
838
6*t
7»R
8
8^8
Hid
7=8
8
838
7=8
8
838
8%
8%
8%
8ii>,«
8i6,e
816,,
9ll,t
816,6
911,6
H%
81°, 6
Sat.
raon Toes
66,8
6%
Tl».
ft lb.
Ordinary
Good Ordinary
'Strict Good Ordinary
iow Middling
4trict Low Middling
Middling
Good Middling
iBtrictGood Middling
Middling Fair
6\
73.8
8',
87l6
8i3ie
93,8
,
*alr..
938
IQis
IQiu
1138
11''8
STAINED.
Sat.
6%
6%
6%
6%
7a,8
81,8
87,6
81S,6
9*18
8l5,6
93,8
73,8
81,8
8 ',6
813,6
93,8
H3b
73,8
81,8
87.6
813,8
93,8
938
938
i)3f.
lOifi
10%
lOia
1138
ll'a
10>3
1138
ir'8
lOifl
10>8
IOI3
1138
ll's
113R
11 -'8
OOGCOOD
O
tOM
ccao
ab-1
2
&*;
o
XXOOD
CO
5
i-to
^
tcif^
u
com
ODOp
obdb
5
COM"£
5
ODOD
2
"
CCl^
&*'!
OOXOX
15
OCQp
»
xob
XX
XX
,uat
)(>.
COD
cob
@
I
C<3
QOCXOQO
QOXOQD
15
a>
2
o
XOX XXOQO xxox
xob®ab obob®GD
x^x
a O' too: »o
I
cc
a:
*>•
ODOD
XX
e<3Co-
2
OtjQO
gi'f^:
CD
O
^5Oi-
I
I
«i?":
I
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ODOOOCO
QDQOOQO
OCX
xdb
X-4
^
2
"
tCCD
*'0
KJ>t
U
15
XX
:j
2
CC CO
®
CCCD
toco
'^
2
"^
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I
cocc
5
coco
2
CO to
nOrn
ccco
Oi
cox
OCD
coco
CO
5
»
1
ox
OtO
-1
CCCD
titO
o
xxox
ex
XX
XX
si*:
I
o
opxcoo
coco
e
s.";
ar;
OS
o
XCOOCO cocooto
ccxcx
co6"^6
oo^cs
OCD®^
I
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xoo
5
COCD
2
"^
XCD
:
I
05
coco
I
XO O
t-*^
coco
toco
5
;
66
uco
cocooto
1
xxcx xxox
cccd'"cd
coco®c6
O 0:05 or XX X
so
2
"^
coco
00
1-0
g
"l
«,":
I
xcooo
:
to
XX
xxcx xxox
*
'I
'
«
xxox
OOQCiOCC
to
eoccoco
«
I
cocooco
cococco
cocooco
'bo'-'ci
tOr
66®6
66*6 06^0 co^o 06^6
OiV
»ce
COCO
1^
66
01 c»
I
2
*»
s«;
to
CDCDOtO
66'^6
m6
5
2
85":
I
etc
§
00
coco
2
"
8-"";
1
eococco
CCCCOCO
CO to
OtO
CO
M
tcco
C«tO
e.-":
I
CO
COCOOCD
66
XX
5
2
**
"^
(-•(-'
B.^;
toCOOCD
SI*:
o
cocooco
CDO
CO
toto
a. OS
''
I
i^po^ 6^<^6
2
8 si*;
718
8
838
18:
o®
I
I
8
I
CO
COCOO'-O
'to
8^
9%
coo
CO
toto
96,8
101,8
107,8
116,8
11'3,8
Mti
coo
5
2
"
I
to
©
.
CD
M
:
toto
oco
I
8
18::
oto
I
to
8
M
I
#
MM o
tcco
toto
at:!
2
^
MM
I
8 ;•
CD
CDO®
5
toto
toto
:
8;
:
I
I,
2
'^
8
:
to
totooto
totO°»5
CCCDOtD
toco®to
coo
Mon Tne* Wed
CO
0000
Frl.
73,8
81,8
87,8
10%
to-
0000
-i-j
5
1
CXlODOOp
716,8
86,8
Wed
9?
1
s«^;
I
<1
Si'"
79,8
7=8
8
838
MM
00
6?
1
M»•Ordinary
-Strict
5
n
00
QCOp
ODOp
X'OO
CSOJ
ffiO
9ll,„ 9U,« 911,,
9=8
101,6 101,8 lOljs 101,8 101
10
lOiSie 101«ig 1016,6 lOlSie
ICe
°!e
in, 1138
iniB ll'ie 1^18
GULP.
<1
opop
OOQDOOp
61*
66, „
66,8
<1<1
'Ui
Tb. FrI
65,«
66,8
GDOpOOD
market
—
6%
841
I
OIXCOO
c
—
lb.
1^
wB
o
to
CO®
toor"
01 01
Of IS
—
V
OD
etc
a'^Sa
t<
A
Ordinary
Good Ordinary
'Strict Good Ordinary
Iaw Middling
BMct Low Middling
Middling
Ck>od Middling
Btrict Good Middling
Middling Fair
Fair
.
354,919
Orleans. Our response was
feeble and partial, owing to ofiBcial reports of good weather
at the South, and we declined on Wednesday when it was
The
seen that Liverpool lost the advance of Tuesday.
"switching" process at the same time took a new direcThe difference of 23 points between June and
tion.
August caused June to be bought and August sold to
On Thursday an early decline,
a moderate extent.
under a weak report from Liverpool, was soon recovered, and the close was at a slight advance, ascribed to a demand to cover contracts which was prompted by the few
«hort notices that came out for delivery vn June contracts,
»nd to their being quickly stopped. There was also probably
«ome buying in view of the fact that Saturday is a close holiTo-day a material decline in the Liverpool market quite
^4]ay.
(discouraged "many of the bull party and they became sellers.
feature of some novelty was the greater decline in the next
Ksrap than in early deliveries, which was explained probably
liy the fact that remote options have been more under "bull"
influence than this crop. Cotton on the spot was without
quotable change, with only a moderate business for home consumption until to-day, when there was a decline of 1-16 c,
juiddUng uplands closing at 8,%c.
The total sales for forward delivery for the week are 261,000
For immediate delivery the total sales foot up this week
ifaales.
for export, 1,405 for consumption,
1,405 bales, including
in transit. Of the above
bales
for speculation, and
"were to arrive. The following are the official quotations for
«ach day of the past week May 23 to May 29.
'Strict
ttj
to
New York and New
"Ordinary
2
Bo,- a
,
o
ns
teor'
•
tn ft ts
• V]
I
p.
dull on Saturday last, but on Monday was favorably
" switching,"
active through the resumption of the process of
which was noted on the previous Friday. On Tuesday Liverpool reported a sharp advance, which, it was said by private
cables from there, was due to unfavorable ctop accounts re-
Sat.
a!
Lo
J5W
9,681
154,579
14,402
in cotton for future delivery at this
UPLANDS.
S'S'g'
n •a
QD
was very
ceived from
I
I
766
400
700
None.
S
a
--» CB EO
a at* 1^
ts
a;
Stock,
•— W SB *
3- — S
o
w
-»1^ ®tu ®S
OO
-
-
CO
Leaving
2,045
*
01 f5
a
-~;
Total.
wise.
H
>-S
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
We add similar figures for
Seared, at the ports named.
JJew York, which are prepared for our special use by Messrs.
'_<Obrey,
[Vol. hi.
MM
X
Oi
Frl.
Til.
<
«ood Ordinary
^Jlb.
6",
Good Ordinary
XowMiddUns..
Mldd
adlffig....„.
Strict
83e
61,8
611,6
838
6' 18
611,6
l>
838
6U,8
838
61,6
611,^
7*1
838
I
6
6=8
71a
86,8
I
I
I
I
I
I
I
8:
l:
I
I
I
I-
HABKET AND SAL£S.
The total sales of cotton on the spot and for future delivery
«ach day during the week are indicated in the following
statement. For the convenience of the reader we also add
« column which shows at a glance how the market closed on
eame
days.
The following exchanges have been made during the week:
pd.
pd.
pd.
pd.
.23 pd.
.24 pd.
.18 pd.
.14 pd.
.25 pd.
.36 pd.
29 pd.
.49
.50
.22
1 1
.
SPOT MABKET
CLOSED.
SALES OF SPOT AND TRANSIT.
Mxl>ort.
Con- Spec- Transump, ut't'n sit.
"Batnrday Qniet
Monday.. Easy
Tuesday.. Quiet
Wed'day.|Easy
Thursday, Quiet
I*iday...'Easy at 1,6 dec.
Total.
52
137
159
383
455
219
1,405
Thk Sales and Prices of Futures
'following comprehensive table:
are
Sales of
Total.
Futuns.
52
137
159
383
455
219
12,300
42,900
56,600
52,500
44,400
52,300
1,405
261,000
shown by tha
900 June for Jan.
700 June for Jan.
excU. 1,400 J'ne tor Aug.
exeli. 1 ,500 July lor Aug.
exob. 1,800 J'ne (or Aug.
exeh. 500 June for Aug.
excb. 3,500 July for Sep.
exeh. 100 May tor JiUy.
excb. 500 May for Aug.
to excb. 500 June for Oct.
to excb. 600 Aug. for Jan.
to excU.
to exoU.
to
to
to
to
to
to
to
•12 pd. to
•01 pd. to
08 pd. to
•41 pd. to
•53 pd. to
•46 pd. to
•57 pd. to
•10 pd. to
29 pd. to
•08 pd. to
•10 pd. to
excb.
exob.
excb.
excb.
excb.
excb.
excb.
excb.
excb.
excb.
excb.
600 June for July.
300 May for June.
300 Aug. for Sept.
200 June for Nov.
300 June for Jan.
100 June for Deo.
100 .Tuly for Mob.
700 June for July.
100 June for Sept.
800 Aug. for Sept.
100 July for Aug.
The Visible Supply op Cotton to-night, as made up by cable
The Continental stocks, as well as
is as follows.
those for Great Britain and the afloat are this week's returns,
and consequently all the European figures are brought down
But to make the totals the complete
to Thursday evening.
figures for to-night (May 29), we add the item of exports from
the United States, including in it the exports of Friday only.
and telegraph,
Mat
THE CHRONICLR
80, 1891.]
1890.
1880,
086,000
11,000
856,000
16,000
097,000
21.000
lO.VOOO
7.000
872,000
2,000
43,300
10,000
803.000
4.000
37,500
1},00«
300
200
300
8.000
2&0.000
10,000
114,000
11,000
29,000
6,000
2 1 .200
400
700
11)3,000
10U,OU0
5.000
72,000
11,000
7,000
169,000
4.0O0
72,000
5,000
7,000
1891.
«took at Liverpool
bales. 1,316.000
Btook at LouduQ
17,000
Total Great Britain stock. 1.233.000
at Hamburg
4,800
itt Kreiuen
162,000
Stork
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
ut Aiiifltenlaiu
at Uott<>r(lam
at Antwerp
at Havre
at Marseilles
at Barcelona
at Oauo.1
at Taesc«
Total Continental stocks
3,.%00
3,000
8ft,000
10,000
7,000
419,700
610.100
1888.
763,000
ii
1,000
314,800
26>6,800
Total Euronean ntooks
1,813.100 1,410,700 1,145,S00 1,117.800
213.000 20S,000 279,000 170,000
138.000
70.000
118.000 130,000
E(f.Ti>t,Bni7.II.Ac..!itltforK'r pe
37.000
29,000
28,000
42,000
Stock lu lluitcU Htatcs ports ..
407,101)
188.522 297,648 398.261
Stock In U. 8. Interior towns..
131.ft6»
30,111
34,447 100.330
United Stutca exports to-day.
14,913
7,066
6,221
4,345
IndlacottonalfoatforKurope.
Amer.
cotl'ii alIo.it for
Kiirope.
Total visible supply
2,784,621 2,039,909 1,922,116 1,077,736
Oftheatiove. thetotalsofAmerlcanandotherdeaoriptlooaareasfnliowF:
Amtncan —
lilverpoDl stock
bales.
Contineiilalstocks
American afloat for Europe...
United States stock
United States iuteriorstooks..
United States exporu to-day.
Tbtal American
Matt Indian, Bratil, tf«.—
Liverpool stock
Loudon stock
Continental stocks
India afloat for Europe
983,000
447,000
138.000
407.109
131.5(i9
14,943
Total
635,000
109.000
118.000
297,618
34,447
557,000
180,000
139,000
398,261
100,330
6,221
4,345
2,121,521 1,282,299 1,200,3161,378,936
310,000
11.000
103,700
298,000
29,000
233.000
17.000
163.100
213,000
37,000
Egypt, Brazil, &o., afloat
Total East India,
876,000
310,000
70.000
188.522
30,111
7,666
&c
221,000
16,000
177.800
279,000
28,000
225,000
21,000
134.800
176,000
42,000
663,100 757.700 721.800 583,800
2,121,521 1,282,299 1,200,316 1,378,936
American
Total visible supply
2,784,621 2,039.999 1,922,116 1,977,736
Price Mid. Upl., Liverpool....
4:«id.
e^sd.
6d.
SSed
PrlceMid.Upl., New York....
12»80.
lliec.
S'so.
10c
.
Ity The imports
into Continental ports this weeii have been
99,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 744,633 bales as compared with the same date
of 1890, an increase of 862,503 bales as compaired with the
corresponding date of 1889 and an increase of 806,885 bales
as compared with 1888.
AT THE Interior Towns the movement—that is
the receipts
for the
for the
set out in detail in the
and since September 1, the shipments
week and the stocks to-night, and the same items
tor the week,
corresponding period of 1889-90
following statement.
Q1
* o
jl
—
is
9^
SS ?3
3
» »
MM«,
M
>*
.
^-. O*
,.,
*_
H
B
E:
"
p
Quotations vor Unmura OoTRm at OnnB MAann.—
B«Iow we give olostng qnotatkmi of gaiddlint cotton
Bonthom and other priocipiu cotton markete for «w h fUf of the week t
t
ouMno
W»tk tndtng
Hoy
29.
Satur.
qnovATioat roB MiDnttMO
tlm.
1
OalTeston...
Orleans
Hobile
8V
I5i«
8%
. .
Wilmington.
9!*
Augnsta..
..
»\
...
83b
OH
9\
8^
9^
8%
8^
!'•
1'"
V"
9
9
e
Cincinnati
..
Loiilsvllie.
..
Atlanta
8>a
84
ih
I
8«
83s
8'i«
9
9
9
Rook....
Montf^omery.
o
P?
O
Of
£^m.»bb;
;
Raleigh
Seima
S:
cosc:oo^^^c;<cccoto;
)^cocoocoi£^0300:o:>
oh:
;
;
ccto^cnotosM
•
oc;<c;<u<i^03»
I-
CCflJ
<1
"—
to
to<vitoootoccu»u^;oi-*coifk'h^coitkaoQ003
aps*k«5;«5»p|ooctoaDcop;^r-|OMptto
X OS 01 CR CO *!
M ^ ^ O X to
CS
^ItOO'XCCM C«t 01 Ot 05*^1— rf-CJWit^QCO
!-•
oaDow^i**0*»-<->Mto^^oics^i»aw
1^(0X0:^0:03
CO©
i^,u,w>o:
;
00 CO -a^M CUM >--<»:
M
aw
— OiMo-JiO(U«3>:
c;«to
osoi<jm; ®-p
O90:Q0i MOO
uio
"booDiO" CO'
MQDcoao: v;
w
03
;
;
;
M
1^
Wttk
BtetipU at
'
•p'to
:
Apr. 84
May
"
"
••
"
1
8. ...
tft<
Porto.
Sfk at ratorlorlbwn*. lUc'tU fmn PUuU-iu.
1800.
1891.
1889.
1890.
8a.ao5
28,242
22,111
18,330
64,733
59.SSS
44.772
S2,S19
38,691
81.090
«9,218
B6,445
48,619
SO.OeSj 232.335
14,407
9.161
64,««7
68.868 218,180
16,870
6,371
6,446
is,«n
M.«8S
8.1,082
38.418
15
at
18,187
«9
7.890
S,743
1«,58«
ia,4oe
11,505
18.888
8,776
(
1891.
1889.
88»o
wpr'i^
5"-^:
;
biW'-'ccw'^ooioV.cD'
:
Cn0lCJ»O*^CC*.Cn0Jt0;
;
t^'^t-t
cc;
MCfl
;
»-•
•
•
^;
od;
H>ro0t|^.0> O* C^O'
;
^ cc ^ a
)f^
199.791
44.109 175,-05
9,638
14494 88,073 158,069
6,318
1.900
6.661
3S.S«e 142.686
Qc b; to CO cc
'fi
1
t»l.
28,481
7.787 20.946
4,2Il| 17,718
—
—
1,909 bales.
Overland Movement for the Week and since Sept. 1.
statement showing the overland movement
tor the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given.
This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending May 39
and since Sept. 1 in the last two years are as follows:
May 29.
Week.
.*s-
1889-90.
"^
'
Since
Sept.
/Since
Week.
1.
Stpl.
I.
—
Slupped
Via St Lonls
Via Cairo
Via Hannibal
Via Evansvillc
Via Louisville
Via Cincinnati
Via other routes,
I
5.85
o
10,837
1,888
157
65
,
1,313
723
Ac
1,028
634,755
290,831
85,192
27,040
202,088
173,837!
143,893'
522,096
308,307
58.788
20,730
120.74e
212,241
136,622
2,473
183
994
330
294
(^bo«OIC060©
aic»coc^h-oo5
t-*
i^P?'9*T^9'-
Total (rross overland
Deduct shipmenta
Overland to N. Y., Boston, *o.
—
1^
OOOx'^fflOi^l
tOWiQDWCJi'XW
CJ»
to &3 to -1^ -^ Ol CO -^ •-!
^
M
M C7>X CO I
^5
b b ct ik bb i" b bb a * V
*io
co*.c:^ — to**ci-.ix^#..coxxco<l»
ccuoioicoiouuif>^oxo'.-jiov<ssoioa»
4,374 1,399,530
914
towns
617
Inland, &c., from South
2,274
100,241:
Total to be deducted
11,026
564,106i
1,911
5,185
993,530
2,463
Interior
8,135
411
586
350,692
56,523
111,709
518,924
880,606
Canada.
The foregoing shows that the week's net overland movemen t
this year has been 5,183 bales, against 2,463 bales for the same
week in 1890, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 1 12,924 bales.
*
MIO
(^
»-^--*:i too
^CX>tO<0(OC»CM
16,2111,557,636
353.996
109,869
Between
pWXrf-lCtt^ — 00 **(**" rf^M^pplxpCD
^ tc c to — OS
1890.
The above statement shows: 1. That the total receipts from
the plantations since September 1, 1890, are 6,878,480 bales; in
1889-90 were 5,773,605 bales; in 1888-89 were 5,493,539 bales.
2.
That, although the receipts at the outports the past week
were 33,083 bales', the actual movement from plantations was
only 17,718 bales, the balance being taken from the 8t<x;ks at
the interior towns. Last year the receipts from the plantations
for the same week were 4,211 bales and for 1889 they were
13
**
!-•
W.M-*
7\
Shreveport....
1889.
Lenvin*; total net overland*.
CO
7\
Kkceipts From the Plantations.— The following table
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
1890-91.
.tw^
too>wto-vj;
:Ct90OtO<
9
Newberry
8lis
7\
838
8>9
Natchez
'
at other important
Little
I
J
8<'l«
8'«
9a,
9ili
151
858
Naxhvllie
I
I
8
7^8
8>s
9H*U
»>*
The closing quotations to-day (Friday)
Southern markets were as follows:
Columbus, Oa.
Columbus, Ulss
Eufaula
8%»i«
8ll|«
8'«
?;:"
St. Loiils
8*14
8>ia
8<i
ii;'
8>4
SI*
8>«
Norfolk
Boston
Baltimore...
Philadelphia
Memphis
8%
8^
11!
8H
rc
OtaarlMton.
rn.
8<*
8*t«
Hew
Savannah
oomm on—
nun.
Wtdntt.
THe$.
We give below a
»
pi
— — c * 5.
B £§' = =-
836
Including
movement by
rail to
-"I
CO
1890-91.
1889-90.
/n Sight and Spiunerif
WW
10
:
coo*:
ceoi-
V*>i-*
»:
cc.
Taking*.
;
;
;
to*
•
CC;
-110
h-o
oacoui^tO'
if»'>
<J
w
01
8?!
»rS'3.
i^c> oaocDi-'WOiio
Receipts at ports to
1^
*.coosao'
oii™-j*j:
1^:
to;
wo-J-^t-o*
coo
'-Ci»'
A*-'
*-IX;
WH^XLQ.
ox OOP- M
t3C;>U<CO;
M*
o^ioao«w.
0»M*»'
OtOCOCOCO;
c;»co
WW
coco
LonisTllio fleures "net" in both years.
Last year's Hmires are for OrlfBn.
Tbls year's flgnres estimated.
The above totals show that the old Interior stocks have
decreased during the week 14,847 bales, and are to-night 101.458
bales more than at the same period last year. The receipts at
the same towns have been 11,147 bales viore than the same
week last year, and since Sept, 1 the receipts at all the towns
Are 663.169 bales more than for the same time in 1889-90.
*
t
t
Week.
May 29
Net overland to May 29
Southern consumption to
May 29
Total marketed
Interior stoolCB In excess
Came Into »l»rht dnrlni; week.
Total In slKht May 29
Since
Sept.
""*•
1.
83,032 6.749.3981
5,lg5 1993.330!
8,000 492,000!
I
Sepi.
1.
8.776 5,752.541
2,463 880,606
5,000 440,000
46,267 8,234.928, 16,239 7,073.147
•13,364
21.064
129,032| '4,565
30,903
1
8,364,010j
11,674
7.094311
North'n spinners tak'xs to May 29
1.881.917
1.700,811
"
* Loss In stock during week.
IncluHc » correctli>n at SK Loai*.
It will be seen by the above that there has come into sight
during the week 30,903 bales, against 11,674 bales for the
same week of 1890, and that the increase in amount in sight
to-night, as compared with last year, is 1,990,799 bales.
THE CHRONlf LE.
836
"Weatheb Reports by TELEaRAPH.— Our telefjraphic advices from the South this evening indicate generally satisfactory weather conditions the past week. la many districts
needed rains have fallen, and as a rule the temperature has
been higher. Crop prospects are therefore on the whole more
promising.
Oalveston, Texas.
—The weather
has been dry all the week.
Average thermometer 76, highest 86,
Crops look promising.
lowest
67.
—
It has been showery on one day of the
week, the rainfall reaching twenty-nine hundredths of an
inch. Averige thermometer 70, highest 84, lowest 58.
HuntsvUle, Texas. We have had dry weather all the week.
The thermometer has averaged 71. ranging from 56 to 86.
Dallas, Texas. It has been showery on two days of the
week, the precipitation retching forty-three hundredths of an
inch. The theriiiometer has ranged from 58 to 89, averaging
Palestine, Texas.
—
—
proved throughout
this section.
Tha rainfall reached twoinches and fifteen hundiedths. The thermometer has averaged 72, ranging from 56 to 90,
Charleston, South Carolina.—
have had rain on three
days of the week to the extent of one inch and fifty hundredths. The thermometer has ranged from 61 to 79, averasr-
We
Stateburg, South CaroZi«a.— Much-needed rain has fallen
on two days cf the week, and it will do considerable good.
The precipitation reached seventy-five hundredths of an inch.
Average thermometer 70, highest 865, lowest 63.
Wilson, North Carolina.— Ham has fallen on four days of
the week, to the extent of three inches and twelve hundredths..
The thermometer has averaged 73, the highest being 90 and
the lowest 56.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3
—
Texas. There have been fine showers on four
days of the week, the precipitation aggregating seventy-one
hundredths of an inch. Average thermometer 72, highest 85,
lowest 59.
Luling, Texae. We have had one shower during the week,
The thermomto the extent of nine hundredths of an inch.
eter has averaged 74, the highest being 88 and the lowest 60.
Texas.
has
Columbia,
No rain
fallen the past week. Tiie
thermometer has averaged 73, ranging from 63 to 88.
Cuero, Tecas. All crops look very promising. There have
been splendid rains on four days of the week, the precipitation reaching one inch and thirty-two hundredths of an inch.
The tliermometer has ranged from 64 to 92, averaging 78.
Brenham, Texas. It has been showery on two days of the
week, the rainfall reaching twenty-four hundredths of an
inch. Averege thermometer 76, highest 92, lowest 59.
Belton, Texas. Dry weather has prevailed throughout the
week. The thermometer has averaged 8J, the highest being
92 and the lowest 68.
Weatherford, Texas.
have had no rain all the week.
The thermometer has ranged from 56 to 86, averaging 76.
New Orleans, Louisiana.
have had rain on one day of
the week to the extent of one hundredth of an inch. Tlie
San Antonio,
—
—
—
—
—
—We
°
mg 71.
o'clock
74.
May
lowest
59,
—
Columbus, Mississippi. Rainfall for the week, one inch on
three days. The thermometer has averaged 77, the highest
being 88 and the low. st 64.
Leland, Mississippi.— The last two days have been quite
cool.
The week's precipitation has been thirty-six hundredths
of an inch. The thermometer has averaged 73, ranging from
New Orleans
and May
29. 1890.
Above low- water mark
Above low-wntermark.
Above low-watermark.
Above low-watermark.
Above low-watermarli.
.Meinpbls
Nashville
Shreveport
Vicksburg
Mm/
29, -go
Feel.
Feet.
10-3
11-0
2-5
17-1
21-5
13-9
25-1
17-7
25
42-0
India Cotton Movement from all Ports.— The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to May 28.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
S/iipmenls this week.
Tear Great
Continent.
liriVn.
I
Shipments since Jan.
Continent.
^otol-l Britain
1.
Iteceipts.
This
Total.
Week.
Since
Jan. 1.
1891 10,000 26.000 30,000 81,000,698.0001 779.000 51.000 1.196.000
1890 15,000]44,000:59.000 272.000 872,000|1, 141,000167,000 I,()a3,000
1889 8.0«>0 40.000 48,000 322,000 749,000 1,071,000 55.0001 1.446 000
1888. 13,u0Oil8.O0O,31,0O0|l72,OO0|4»3,0OO|
Shipments for the week.
Oreat
Britain.
Continent.
|
Oaloutta1891...
1890...
Total.
2,000
2,000
1891...
1890. .._
others—
1891
1890
665,00ol40,00oll,13ti,00tt
Shipments since January
Madras
1,
Orcat
Britain.
Conlinenl.
18,000
21,000
37,000
67,000
55,00»
8S,ooa
4,000
5,000
2,000
5,000
6,000
10,000
Total.
All
1,000
15,000
14,000
10,000
18,000
25,000
1,000
3,000
3,000
37,000
40,000
49,000
90,000
86.000130,000>
32.00&
Tbtal all—
1891
1890
59 to 86.
EXPORTS TO EnEOPE FROM ALL INDIA.
Little Rock, Arkansas.— Lisht showers have fallen on three
days of the week, doing material good. The precipitation
reached thirty hundredths of an inch. The thermometer has
ranged from oo to 83, averaging 70. Much-needed rains fell
on three days last week in some sections.
Helena, Arkansas. Crop prospects have improved. We
have had splendid rain on two days of the week, extending
twenty miles west of here, the rainfall reaching one inch and
ninety-eight hundredths. Average thermometer 70, highest
—
84 and lowest 54.
Memphis, Tennessee.—
had splendid rain here on Tuesday, doing great good. The rain was not general, and in
some sections crops are still suffering from moisture. Considerable amount of cotton is not yet up, and is being replanted. The rainfall reached one inch and twenty-eight
hundredths. The thermometer has averaged 73, the highest
being 88 and the lowest 56 '5.
We
We
Nashville, Tennessee—
have had light rain on two days
of the week, the rainfall reaching one inch and sixty-tvvo
hundredths.
55 to 85.
Mobile,
28, 1891
Jfoy 28, 91.
—We
thermometer has averaged 78.
Shreveport, Louisiana.— There has been rain on three days
of the week, the precipitation reaching twenty-three hundredths of an inch. Average thermometer 72, highest 88,
[Vol. UI.
The thermometer has averaged
70,
ranging
" from
1891.
1890.
1889.
Shimiienis
Europe
from —
to all
Bombay
This
week.
Jan.
1.
This
leeek.
Since
Jan.
1.
This
week.
Since
Jan. 1
36,000
779.000
86,000
59,000 1,144,000
3,000
130,000
48,000 1,071,000«
36,000
865,00o| 62,000 1,274,000
48.000 1,184,00©'
All other ports.
Total
Since
113,000^
Alexandria Receipts and Shipments,— Tlirough arrangements we have made with Jlessrs. Davies, Benachi & Co,, ot
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexandria. Eqvpt.
May
27.
1890-91.
1889-90.
1888-89.
1.000
4.001.000
2,000
3,150,000
2,719,000
Receipts (cantars*)....
This week
Siuce Sept.
1.
This
Since
This
Since
This
Since
excellent weather and good and
week. Sept. 1, week. Sept. 1. week. Sept. 1.
sufficient rains the past week, crops are reported to be developing finely.
have had rain on four days of the week, the Exports (bales)—
To Liverpool
1,000 274,000
1,000 257,000
precipitation reaching thirty-four hundredths of an inch
1,CC0 221,000>
ToCoiitinent
2,C00 218.000 2,000 152,000 1,000 150,000
The thermometer has ranged from 63 to 90, averaging 75.
Montgomery, Alabama.—
have had rain on'four days of
Total Europe
3,000 492,000 3,000 409,000 2,000 371,00&
the week, the rainfall reaching one inch and thirty-four hun* A cantar Is 98 pounds.
dredths. Average thermometer 78.
Selma, Alabama.— Crops are doing nicely.
This statement shows that the receipts for the week ending:
have had
rain on three days of the week, the precipitation reaching May 27 were 1,000 cantars and the shipments to all Europe
eighty-hve hundredths of an inch.
The thermometer has 3,000 bales.
averaged 78, the highest being 93 and the lowest 65.
Manchester Market. Our report received by cable to-night
Auburn, Alabama.— Crops have been improved bv rain
which has fallen during the week to the extent of two' inches from Manchester states that the market is easy for both yarns
give
and thirty-four hundredths. The thermometer has avera-ed and shirtings. Stocks or yarns are accumulating.
the prices for to-day below, and leave those for previous weeks
73-2, rangmg from61 to 89.
of this and last year for comparison:
Madison, i'7ortd:i.— Telegram not received.
Columbus, Georgia.—
have hal rain on three days of the
1891.
1890.
week, the precipitation reaching one inch and
sixty-seven
Coll'n
Colt'n
hundredths. Average thermometer 73, highest 86, lowest
8I4
32» Cop.
lbs.
8>4 '6s.
60
Mid. 32s Cop.
Mid.
Savannah, Georgia.— There has been rain on four days
Twist.
Shirtings.
Twist.
Shirtings.
Uplds
Upldt
of
the week to the extent of one inch and fifteen
hundredths
d.
The thermometer has averaged 70, the highest being 83 and
A.
d.
8.
d.
d.
d.
d.
d.
B.
d.
Ap.24 75in®7U,f 5 11 ®6 1l
314^7
8% «8^
the lowest 59.
May 1 714 a7iiip 5 10 8010
8i,f a8i3i6
4 ®7
4^
Augusta, Georgia.— Accounts from the cro]) are more favor••
8 7'8 ®75e
5 10 ®6 10
41.,, 87,„«8l3if
4 a7
« 15 7»8 »7»8 5 10 -ae 10
4l»„ 87,8a8l3].
able. Ram has fallen on two davs of the week,
4 «?
bringing out
"
4iga7
22
Holiday...
8^2
aS^g
cotton considerably, and the general prospect is
much im- " 291718 a758 5 10 -06 10 '4'^"' 8% as's
3is»7
6=8
Alabama.—With
We
We
We
—
We
We
.
I
Mat
THE CHRONICLR
80. 189t.J
Our Cotwn Acrkaoe Report.—Our cotton acreano report
probably bo roady almut tho 9th of Jtinp,
Partio.s
desiring the circular in (|iiantitica, with thsir buiiineas card
printed thereon, should send iu their orders as soon as poisible,
to ensure early delivery.
•will
JUTK BcTTs, Baqoino, &c.— Transactions
in bagging the
pa^t
week have been confined almost wholly
to spot parcels,
and
in the
agKregate the volumo of business has been small.
No disposition to shade (luotations seems to exi.it, the ruling
prices to-niglit being ."i^^c, for l"*.^ lbs., 6'io. for 2 lbs. and
«^4e. for standard grades. The market for jute butts u dull
at I'lSc. for paper grades and l^^c. for bagging quality.
837
(peetlon render* such an InrreasA nereaury. The (I wdllaatlon L'om"'
"""'
of the lueiuben for tlielr csieful and
'
'
ir.
..:.......,.
11. .
ir Mill
Exehanvn the pMt rear ibowi •
,•
-. lospltoof me nnanolal
,,,.
Kuroim and
im ooaaMfnoi.t droline la
•peculation. ThoiiKh through th- j.
.f th«l»r««»»o<itton ofoo
known prices have necllnedta alow .. ..-..i... •l.-olliieh i«h 'en «J(rsdUM
one. nnil the steailliieas of prUe< In tlioni of flnaioial p ml Is a irODC
evrilenee of the beoellt co iferr td hv ttio i;xi!'iau<o ii;>on mnrnhwu
and oliintxrs. who have been abl,t at a'l timua lu ur.>te<it Ibeir lotereita
!•«
Ill
In tliH co.i
<
by
ho
market.
ohanKing o-ir form of rontraet by making notblnc
below low mldilllng has been brouKht to our attenlloa b*
rarlons Hoiithern Kxchiiiigi'S. The mitterhaa been f illv c»ut ilerM,
and the B >ard has ileeliird that It would not lie f.^r V\n iii-st Inters .t* Of
the trado to miiko snob a chauKe. Bernro reci Iving tho comnnnleaUoB
refi-rnd to the KxuliaiKn had adnptel an ainoiiiliiient Ui th" By I.aw8,
oiiangluK tho lowest g' iwle doliverabli- iiii ei.ntraer fron strict ordlnarr
1 gO'Mt ordinary white, and from strict gn»d nrilnary st ilne I to low
I
The
iiSK i>f this
siilijert of
dellvera'^ln
1
Exports op Ootton Oooos from Great Britain.— B^low
we give the exports of cotton yarn, goods, &c., from Oreat
Britain for the month of April and sinw October 1, in
1890-'.)1 and 18S9-90, as compiled by us from the British Board
we have
of Trade returns. It will be noticed that
the movement all to pounds.
\
amAlkraul.
Lb..
34.Mfl
tbfc
1880-81
IS80-90
TiU.
83,847
Octobar
NoTember... 83,018 83.814
44C.481
391.810
December
4I>3.S9'<
385331
Ua.
Lbt.
8S.13C
74.798
80.818
76,976(
...
88.648
80,307
70,896
•7,468 1.8«».7W) 1,847,048 846.171 88U.802
January
February
80.018
83,611
88.741
82.188
81.481
64.869
i
1888-80
Uu.
108.686
97,835
98.061
99.490
108,8M
90,119
316,487
887,670
99,378
The
sslrs of spot cotton,
oompa; ed with the two prevloui seasons, are
101,181
67,461
lU4.eii
101,866
108.103
88.675
For—
Batr§.
6H.81B 1,864.527 1.217.027 243,17; 830.49''
308.142
889,744
Export
Spinning
96,666
16'2.932
218,429
WfibS
151,938
20J 5^0
133,881 130.714 2,5^317;8.46«,06» 489.348 450,700
084.968
587,414
Biieoulallon
1,024
5';3
9,045
93368
100,853
Total
qr..
ToUl 6 mos.
69,8i8J
T9.S36
81.330
8J.46I
'
78,399
84,688
—
March
Total 81
413,713
447,180
S59,19S
1
74.8141
Tot.lst quar.
418.591
483. n 8
488,797
1880-91
iaao-91 1868-90
rdi.
481,446
487.768
In iiur opinio It I* very desirable that thi-ru shmild be a nnlfoTmltr
In ti'O olasslHcn' Ion of cotton to all uia'-kets. and lo that end a letter
haabeen Hildri-i>s»d to Ihe various Southern and foreUo Kz"haoges,
aooompanteil by a report maile to the Board by a speolal oommlttae
appointed to r, onmmend such changes as they di-emo't n'lvlsable. In
view or tho Birlous tr.iub e arising during the p.iat season fro-n tho
illtr.itent Htandiinls of classiHoatlon In various markets, we cons'der
Ihia Mil Ject of the greaiOHt importance.
ho'e as a result of this
sugi(e«tiun that a stau lard of American cotton may be adopted thjtt
win he u ilvermilly accepted.
In response to a con niiinicntlon from the .Secretary of the Cotton
nnfereucr, dated t-iverponl. March, 1891, a dilegate has been »ppcdu'el to represent this Excliange at a meet'ng ti lie held in Uverpooi, June i. the object of whh h Is to foimulats d"cnmffnt« whiob majr
be Hcceptable to all patties concernid in the handling of cotton, TIm
Ci'Uft'rence will Incitide shippers, shlii-owners, underwrit<-r«, cbarterer< a .d baokers, and it is hoped will result benellclally to tlio traile.
The transa lions In oitto-i for future dnliveiy have ag.n-gatcd
2H„S89..^00 hales, against 21 034,100 bales last year, aud 20,ISt,400
bales In 18s»,
We
lotalofAU.
Cloth.
1880-81 L889-80
reduced
uilildllog at .iued, to tiikeelT'-ct the flrst ot Hepteinlier next.
AortI
88.76.'!
81.814
83.018
^Stocklnm and Booka
411.499
895.714
,
78.099
,
77.9.15
,,
.,
,
eudrr artlcl
1
1,00(1
13,730
Total axpiJrtaof sottoniDannraot urea
044
14.015
788, tool
703,450
The foregoing shows that there has been exported from the
United Kingdom during the seven months 738,190,000 lbs.
of manufactured cotton, ngainst 703,456,000
lbs. last year, or
increa.se of 34,73 1,000 lbs.
further matter of interest is tha destination of these
•exports, and we have therefore prepared the following
an
A
statem-^nta, s'lowing the amounts taken by the principal
countries during April and since October 1 in each of the
last three years:
as follows:
1891.
1890.
1999.
Bali:
Jtalet.
19T,«48
315,443
428,024
During the past year twenty-sixmemhershlps have been transferred,
and ni'ieteen new members have lieen admitted. The total number oi
certiflcatcR of memberships outstanding remains at 451.
The report of tho Trustees of the Gratuity Fund shows assets of
*:0l,.'i27 99. of which $71 Olio is loined on resl estate and 9'25.473 99
is on deposit with the New York Lire In-uran<e <fe Trnst Company.
AesessTiien's due and unpa'd, i8s20. .Vocrucd Interest. i>l, 231. The
total llaliilitios are $^1,00o, leaving a balance of $-0,5i7 99.
TlieTreasurei's annual report shows a net profit f.>r the year of
$l,2.-.7 IH,
Hy reference to the estimate prepared by the Executive Conimlttee,lt
probably he a surplus for the coming year;
from the buildiug, $14,710; cetlelt from the ExchaDga, S2'.^5; net
prod t, $14,185.
In view of the very favorable condition of the finances of the Exchange, and tho U ge amount of money on hand, the lio int iccommend that the rim's for the coming year he filed at $60, aud hat each
raemherkhlp be ccedlted with thi sum 0(^25 from the earulnKsof the
will be seen that thern will
I
eXl>ORT8 OF rlRCR O'iODS AND T\R'«S T) PRINCIPAI, COCTXTBIES IS
APKII>, AND FROM OCTOBER 1 TO APRIL 30.
PUce
October I to April 30.
.<lpr«.
Goods.
(OOUj omtttrd.)
1801.
1890.
1S89.
I
£a;}t Indies
1891J-91.
1H89-D0.
|
l»'8«-8».
I
1,4114.071
All other coULtrles
IP.9.5B8 1H<1.834 lb«.629 1.263.OS0 1.277,
«7.»H« 711.720 48.204 42-i.991
398.
41.303 47.KI2 54.H10 37l'.«9
344,
.M1.I581
212.-91
31.860 3-i.981
815.
35.03S S5.1<!8 3S'.''32 891.394
277,
184.S9II
88.049 83.53' 84.0t»
196.
87,5Jfl 81.b08 21.768
186.9b9 170,
Total yards.
Total Talue..
395,714 411.499 ISl.Or'g 8.960.031 2,875.
£4,290 £4.247 £1,259 A38.133 A28.
3.026.221
£30.V5t>
Turkey. Kuypt and Africa...
rhiua and Jap^n
Kurupe {except Turkey)
Soutn America
.Nurlb America
399.888
3:<a.5ll
22i.'«l
27».29rt
lH7.2rt
181 69-.
rnrnjt.
(000« omitttd.)
Holland
Oerraany
Oth. Kurope (except 'I'Uikeyj
Ea^t Indies
i'blila
uud Jtipan
Tiir»ey and Kgypt
All otQer countries
Total Jbs
ToUi value
21.-14
81.138
81.308
SX.'XK!
8H. Oil
k 1.9051
3:1.182
S3.iv>S
20.12-1
919
18.775
19.89S
34.311
30.919
15.741
81.881
7.203
b.MI
13.222
6.252
81,034; 21.6991 81.037
117.727
149.541
191.849
i949
4:7.05'«
£7,0f9
£«.llu.'i
2,687
2.894
3.330
8,701
3.027
4,888
8,1^66
5,'J33
4.871
4.>'70
1.078
3.6»0
1.758
3.731
4.198
3.)- 84
S.H66
a,89a
881
729
IB.'. 9
7
80.»'.(8
bul-ding.
St. Louis Cotton Receipts.— Under date of May 27 the
Secretary of the St. Louis Cotton Exchange notifies us of an
omission from the gross receipts and shipments of that city of
46,245 bales of cotton in the following
Messrs. Wm. B. Dana & Co., New York, N. Y.:
Ukntlk MBS— About February 1 the Iron Mountain Ritllroid established a station In East St. Lous for handling their thmiigb busloe^
Thus ihrougli cotton U now billed to their E<k8t St. Louis station, and
rejiorted from there as well as from this side. We ':veienot nolllledof
tills change, eceived no reports from eist side, and were In ignorance
of tho exlstf-nce of the new st:itiou unt'l tne iiiidille uf Aonl. when discovering It by a 5cldrnt investigation dIsoloHed tliat we had luissed ail
cotton received on the east side. Since thi.s di^covcrr we have been
wai Ing fi'r reports of cotton so omitted irom the Ka-.t St. Louis agent,
which has only .lust been received. Find condensed copy the- eofenWhlie regretting the above we can consciontu.u-ly dtaelalm
clo.sed
any responiilbility, all such att.acliing to the railroad through their failure In notifying aud roiortin* to us properly.
:
I
Very respecUully,
Per Y. Secretary.
i98ili £1.0ii6'
New York Cotton Exchanoe—Twenty- first Annual
—
The statement accompanying this communication is as
below.
Through cotton omitted In retiorts of St. L.I. M. AS FR. for dates
given, iu be added to gross receipts aul shipments at St. ix)uls siuoe
Meeting. The twenty-first annual meeting of the Now York
Cotton Exchange was held on Tuesday, May S6. President Septeuiber 1
1891.
N. Y.
Chas. W. Ide presented the reports of the various committees, Peb'y
2,063
March.... 118
which were substantially as follows
Ill
April
The E.tecutlve Coiiiinittee rapcrti* all the ofBces In the bulldin?, with
a few exceptions,
W. Sliimoms,
C.
sattsfdctoiily rented, yiel lln^ a irnissjrental of $63.510, azulusC 1565,550 for tie preriona year. This report »liow« a
faronililo fttatuiuont of llnancvs, and that the building is ma ntjlued at
the hij^lif 8t Ktandiinl of coiiilitlou.
The report of the Finaoco Cummittee a? euhraccil herein i« very
satHfactory; tlie actual expenses, though slightly e-xceeilinu the e»iimat « made at the coiMinencementof this flsoai year, are not excessive,
la view of the unusual on'Iny for sundry expenses.
The report of the Wurehoufc and Delivery Conimlttee is also very en«onravliiK; the Insue^tlnn Fund shows a sabstantlal Inoreawi, while
the sma I amount of money paid in settlement of claims for errors In
«lae8itlcation. 1^ cn'-'tifyin); evlilenue of the care bestowed on the c aisilloatlon of cotton submitted fur Inspectiiin.
The oiiir.UlOiis of the luspoitiou liareau show th.it from May 1, 1890,
to April 30, 18!U, lunliislvo, there have been Inspected 130,9-58 bali-s,
of which ui:rtltlc,ttes hiveb -ei Issued durlni; the same period for 83,663 ball's. For the sane period 7'2.7S 7 lialei of certilli'd ooiton have
been witlulr.iwn. and 37,9131 baloi, laspa it^d aid not certlHoated. h »'e
also been withdrawn, leavlnz o-rtilleates outstandloi? on April 30,
1891, for 4ti,773 bales, with imbalance on hand in the Uuarantee Fond
•of i»15,H02 53.
We iMliove the adoption of tho by-law reduoinz the number of the
CasdHoation rotntulttee from seven to live memliers will cause a
oavlngtn the expanses o' the Inspection Burcai without afl'ectInK the
elllolenoy of the Ooimnittee. as provision Is made for a temporary increase la the Oommttee whenever a pressure ot ootton offered X->r in-
Host
4,615
2,558
Prov.
1,407
1,131
7U0
661
Can.
Int. Pts.
193
2l3
43
353
....
....
10,^j34
....
2.221
47
9,547
Bait.
Phil.
9,812
Totals.
18,18S
14.78*
13,377
2.617
Total ...2.292
7,981
3,199
43t)
47 29,693 46,245
A s there shipments t^liould have formed part of th» overland movement
since September 1, we make the necessary co.recilon this week.
Texas Cotton Crop.
—The Galveston Da
i7y iVetrs published
crop reports for this season, and
editorially summarized the details given in the report aa follows :
The repotie cover some 300 points In 159 counties, embracing the
entire agriculturnl portion of the State. The cotton cr p has been
greatly retarded bv the cool nights, and the plant Is small In conse-
on May
19 the first of its
quence. However, beyond beiug late the plant Is doing well and tbA
prospect* are good for rather more than an average yiel 1, sine » famtet generally have their tlelds well coitlvated aO'i free f r im gnus, wlM
no serloos drawbacks to cuutend with. Some ectlnnn report e large
gain In a' reage over last year, whil i others note a decrease. A CMef ol
annlysis uf the situation shows an average more ise in aereacn rmnglotc
from 7 to 10 tier < ent. Wheat, oats, corn and other cr -pe promiae an
averagojirl.f. Tlie Increased acreage In corn and wheal wlli add m«Since tho reports from north
'erlalfi- to the volume of production.
Texas were recclMid sever.- f-torms have occurred at s<-veral points la
that portion of the Bute which may serlourly affect the condlttoa i>t
crops there.
THE (JHRONICLE.
838
East India Crop.
eotton report, dated
The eeafon
now
la
— From Messrs.
Bombay, May
approachlnft
Gaddum Bythell & Co.'s
we have the following:
3,
Oomra, Dhollera and
its close in
Broach rtisirlcte, and ouUlvators are now turning their iittentlon towards the c ni ug crop. P oUKblne and dressing the liinil is beinij
pushed on Tijo ou^ly, and this work has been much facilitated this
year by tiie frequent showers we have had, wnich softened the ground,
Bawgiunert ijhurwur, Westfrns and Compta are now comlns; forward,
and the quality Is satislactory.
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
40,945 bales. So far as the Southern ports are concerned, these
ve the same exports reported by telegraph and published in
the CHBONICL.K last Friday. With regard to New York wf
bldude the manifests of all vessels cleared up to Thursday.
Total balet.
ITew
The tone of the Liverpool market
1,341
576
450
716
400
Wbwport News—To Liverpool, per steamer
Boston—To Liven»ool, per steamers Kansas,
,1,040..
.
Bal'imore, 2.115
PHII.ADEU-U1A—To Liverpool, per steamer Ohio, 409
4,115
...
49,945
rhe particulars of these shipments, arranged in our usua
form, are as follows:
Hull. Havre,
575 1,341
vool.
Hew York.
Ham-
Bre-
Liverl.=.,469
men. burg.
576
450
Ant- Baretwerp. lona.
716
400
K.Orleans. 13.260
4.613
West Point 1.993
Wp't News 1,040
Boston .... 4,-85
Baltimore. 4,115
409
niUadelp'a
Charleston.
Total.
19.127
13.660
4 613
1,9!»3
575 1,341
576
716
553
A exp.
the latest da<es:
Hbw Orleans—To Liverpool—Mav 26— Steamer Counsellor, 4,326.
To Genoa-Mny 23-8teamer Plata, 3,010.
HOBFOLK— To Liverpool— May 23— Steamer Ernesto, 1,114.
Boston- To iiverpnol-May 22 - Steamer Scythia,
May 25
Steamer Norseman. l,if'6 ...May 26— Steamer Bostonlan,
Baltimokb- Til LiieriiOKl- May 19-Steamer Queensmore, 1,568
May 20- Steamer Carthaginian, 1,632.
To Bremen- May 20-8teamer America, 6.''6.
To Baiiibiirg-Mav 2,!— Steamer Scandia,
To Rot er lam -May 21— Steamer Ohio,
Schiedam.
favor.
3,000
7,000
7,000
300
900
500
May 23— Steamer
.
PBILADELi'UiA— To Liverpool— May 26— Steamer Lord Cllve,
Below we give all news received to date of disasters to
Teasels carryiag cotton from United States ports, &c,
Bkitannic. stf amer (Br.) A qnantlty of cotton ex steamer Britannic
while ill a duck r.hed at Liverpool, was discovered to be on lire,
but the flame') were soon exiiiigulhhed. Tbe damage is trifling.
lUBOrEAN. sie»mi-r |Br.>, from New Orleans, May 27. for Bremen,
return) d tiie same nay, a Are having broken out In her cargo
while going down the r yer. The exunt of the damages Will not
4%
8,000
7.000
500
500
partially
1.84 dec.
Qnlet at
partially
1-84 dec.
Quiet.
partially
1-84 dec.
Market,
4 p. H.
)
Steady.
Quiet.
Firm.
Qolel.
Steady.
Steady at Steady at
Qnlet.
]
The opening, highest, lowest and closing prices of futures at
Liverpool for each day are given below. Prices are on the
banisof Uplands, Low Middling clause, unless otherwise stated :
The prices are given in pence and 64(A.
Thus : 4 63 mea n»
4 63-64rf.. and 5 01 means 5 l-64rf.
^^
8at.,
Open
May
...
Open Sigh Low.
Tnes.,
May 26>
Clot.
Open
mgh
d.
d.
d.
Low.
ri<M.
d.
<U
d.
4 4S
4 45
4 45
4 47
4 51
4 56
4 64
4 56
4 45
4 45
4 46
4 45
4 4?
444
444
4 45
444 4 45
4 46
4 47
4 46
4 47
4 46
4 41
4 45
446
4 47
446
4
47
4 46
4 47
4 61
4 47
4 61
4
48
454 466
464 464
4 58 458
468 465 4 68
4 53
4 63
4 45
4 60
4 S3
448
460
4 48
4 51
448
4 51
4 67
4 59
4 57
4 82
4 61
464
NoT..Dee... 458
4 47
4 61
4 57
4 59
468
460 4 69 4 60
Dec-Jan..,. 4 59
J«n.-Feb.... 4 81
Wed.,
4 82
May
27.
d.
4 51
454
454
454 463 464
464 4 56 454 4 56
464 456 464 466
458 4 57 4 56 4 67
i
4 57
4 69
4 69
4 81
4 82
4 57
4 69
4 61
480
4 69
4 60
4 82
4 67
4 69
FrI..
May
Low.
aios.
(1.
d.
It.
a.
rt.
4.
d.
d.
d.
d.
d.
4 46
4 48
4 48
4 46
444
4 46
4 45
4 42
4 43
4 43
4 44
4 42
4 41
4 48
4 42
4 42
4 43
4 41
4 46
4 50
448
4 61
4 51
4 56
4 48
4 51
4 51
4 49
464
458
4 43
4 43
4 44
4 49
4 63
4 62
4 54
Au)i:..8ept..
4 54
454
September.. 4 56
8ept.-Oct.., 4 66
4 58
4 56
4 57
NoT.-Deo... 4 59
Dec-Jan.... 4 61
4,-i8
4 5-
4 80
4 61
4 59
.
4 55
4 55
4 67
4 69
4 60
4 63
480
483 500 463
4 63
4 62
466 464 4 65
454 4 56 4
4 65
U
4 66
4 57
4 66
4 57
458 480 468 480
4 69
4 82
4 81
483
4 59
4 82
4 81
4 83
468
4 67
4 5T
4 69
4 60
4 81
6 00
29.
Htgli
4 42
4 68
450 480
460 4 61 460
4 62 600 4 82
Open
4 44
4 45
4 50
4 63
4 53
4 65
4 55
4 62
4 57
4 59
Olo$.
4 51
4 56
d.
454 4 66 454
464 458 454
4 66 4 67 468
468 4 57 468
May 28.
Thura.,
4 62
d.
Open Billh Low.
August
Jsn..Feb....
23.
d.
Sept.-Oct... 4 65
00t.-NOT.... 4 57
Oot..Noy.,
May
d.
AuK..8ept.. 464
September.. 456
May
Mon.,
Higll Lou;. CIO».
May-June... 4 45
Jane>July... 4 47
July-Aug... 4 61
August.
May 23.
iJ.
July-Aug... 4ol
99.
Irregular.
4%
10,000
1,000
Steady.
May.June... 4 45
June-July... 4 46
.
4%
4*1
Dnil at
Market,
1:45 p. H.^
400 49,945
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
offered.
maay.
tuturet.
409
Total.... 45,7d4
In barers
inquiry.
4%
1,040
4,988
4,115
103
OnlU
Mld.Oprd8.
Sales
Spec.
103
409
^
Total
Thurwd'y.
Freely
Inquiry.
3»8....Pavonta,
4,885
Ifedns*.
1:45 p. M.
4,613
1,993
1,040
9S9 .. S..inaria, 600.
Venetian, 2.908
To Hamburg, per steamer Cremon, 103
Baltimore— To Liverpool, per steamers Alexander Elder, 2,000
and futures each
Small
Pmall
675
13,260
Governor, 5.560... Statesman, 4,000
To Barcelona, per bark Consuela, 400
OHARLh.STON— To Liverpool, per steamer Elmfleld, 4.B13
Wbst point— To Liverpool, per steamer Guido, 1,993
Saturday Monday. Tuetday.
Spot.
Market,
15,469
To Hull, per Pteamer Galileo, 575
To Havie, per fteainerLa Bourgogne, 1.341
Werra, 250
To Bremen, pirsteamers Saale. 32t{
To Hamburg, pt-r steamer Oania. 450
Fiieelaud,
221
Pennland, 495
To Antwerp, per steamers
lf»w Orleans— To Liverpool, per steamers Andean, 3,700
for spots
day of the week ending May 39, and the daily closing prices
of spot cotton, have been as follows:
TOBK—To
Liverpool, per steamers Aurania, 1,346
Carcilina, 2,947... Gallia, 1.774. ...Germanic, 2,530
Niceto.v;,83i... Serra, 2,921 ..Wyoming, 1,116
LH,
[Vol.
Open High Low.
d.
4<2 441
4 41
4 42
4 47
4 51
4 60
4 41
4 41
42
4 42
47
51
51
63
63
4 65
4 67
4I>9
41
48
60
60
4 62
4 62
4 65
468
458
4 59
4 81
4 80
481
4
4
4
4
4
4 53
4 53
4 65
4 57
4 69
4 81
CTo».
4
4
4
4
4
4 4T
4 61
4 50
4es
463
4 66
4 67
.
be known until after she discharges cargo.
Ootton freiifbts the past week have been as follows:
aatur.
Man.
Tu*$.
'ss
H2
\2
%2
Si.2
'33
'sa
'sa
Jsa
''aa
'sa
6|6
^18
6lS
»18
^8
^
H
Uverpool, steam <t.
Do
late dellv'y.d.
Havre,
8..^-^
c.
Do
saU
Bremen, steam
Do
IndlTHOt.e.
^is
....
....
Js
H
^
i7H*
....
Amifd'm, steam. e.
27V
Indirect.. d.
Beval, steam. ...d.
Do
saU
....
«1S
Do via lndlr«ot.<{.
Do
JVi
....
'32
-_.
e.
Wtdna. TKWM.
27V
27V
....
....
....
....
Sia
\»
Hi
'is
d.
27V
27i«'
Sl8
'is
..>.
^4
\
^
"4
H
14
Gtonoa, steam., .d.
Trieste, steam... d.
"..a
Hi
"sa
^82
6»a
"32
'3e4
1'84
"„4
"84
"64
Antwerp, steam
"64
'>«4
^64
^4
'64
"64
»64
*
d.
Per 100 lbs.
LiVKiiPOOL.— By cable from Liverpool we have the foUowino
tatement of the week's
sales, stocks. &c.. at that port.
BREADSTUFF S.
Fbtoat. May 29, 1891.
and meal has been without important
feature or material change iu values. Th« toae of trade
the eagerness to buy or sell has flu tuatud in so'oe degree
with the UPS and dowos ot the grain market, hut not sufficient to affect the raoge of values.
To-day the market was
The market
—
very quiet.
The wheat sp'culatiin has been at timps fi rcely active and
at others sluggishly dull. Crop accounts have been better
and worse at the same moment from the West and from
Europe that is, better in some aspects and worse in others.
Needed rains at the West increasi-d to storuis and
caused floods. A report of the retuoval or suspeus'on of the
import duty by France was an element of strength. The
bu^iDeS8 for export was largely in sprii g groivths, and included choice No. 1 hard at |l-n3^;d)i81-19; No. 1 Northern
at |113d$l;14 and No. 2 spriug at |M0^(a$l-13.
To-day
the speculative marker, was firmer, ou stronger foreign advicps, with a good export demand, shippers taking lio,oOJ
bushels, including No. 3 red winter at $llii^(g|l-12^
;
f,
o. b.,
week
bales
Of which exporters took....
Of which speculators took...
Bales American ....
........
Bales of the
Actual export
........
Porwarded
72.000
3.400
6,700
54,U00
4,000
70,000
Total stoofc— Estimated
1,199,000
Of which American- Bstlm'd 933,000
Total import of the week......
62.000
Of which American..........
51.000
Amotint afloat
Of which American
>
165.000
145.0O0
May
15
Hay 22
50,030
26,000
1,300
8J0
1,400
2.3U0
39,000
18.000
4,000
9.000
73,000
48,000
1,207,000 1,215,000
966,000 978,000
85,000
65,000
5X,000
74,000
130,0r0 105,000
llO.Oi'O
90.onn
and No. a»pringat fl'll^.
D&IX,! OLoaUlO PKIUBB
Junedelivery
Sat.
c.ll'>i4
Jul.v delivery
0.
AUKUSt delivery
Sepieiuhnr delivery
O.-tohcrilelivery
DecemHer delivery
May
UayB.
for flour
3foj/
29
43.000
1,300
1
400
34,000
2,000
56.000
,216,000
983,000
60,000
52,000
100,000
70.<iO0
'9., delivery
o.
e.
c.
c.
0.
107»8
IOH4
li'3^
liMOg
101<^
103=4
OF
NO. 2
Hon.
llO's
lOHOg
10o'4
lOlSg
104i«
RBD WISTBB WHIUT
Tuei,
HI"*
Weti.
1"9''9
lO-Sg
107-4
T*«r».
111
Fri.
III19
:0f,\
l<i41i
108>«
10538
104^
103%
104%
IO.MS9
lii4%
1051^
lO^Og
105%
109'*
10»4
103^s
IoiT^
lOSOg
109%
lOH»e
lOiifl
lO.'iag
104»8
104 >a
Indian corn for future delivery has made some recovery of
the tecent decline, and the speculation was on Wednesday
exceediiiKly active.
The bears appear to have over-sold
and the covering of contracts, in the face of cold, wet.
weather at the West, enabled the bulls to force a sharp
rise in values.
The higher prices on the spot brought
the export but>iness to a standstill, but it was partially resumed to-day, shippers taking 40,01)0 bushels, cnusing a
steady market for futures. White corn is scarce and dearer.
No. 2 mixed hold for the middle and end of June at 64>^c.»
and 63%c. and 66@66i^c. in elevator.
r
Mat
THE CHRONKLE.
80, 1891.1
aUMWO PSIOM
DIILT
Sal.
Juno
o.
AtiKiwt dolfvory
o.
o.
c.
ilollvcry
.luiy.i.iiv.ry
Boi>t«iutii'r (lellvory
do's
OF HO. 'i MIX ID OOBM.
Hon.
Tu4».
Wtd.
Tkuri.
64\
63
e3>«
61"^
«3
(12
w»
em
B8%
6S>4
61»b
60^i
69H
BS"!
fW.
a3>4
60'g
em
om
60'4
60
ftO«g
UO»h
60:M
Oats have varied widely. The sharp decline was followml
by a smart advance and tnen came fresh depression. To-day
the marliet was drooping and unsettled,
DAILT OLoamo PKioas OP HO. a mizbd oais.
aau
June
«l<illveiT
o.
o.
o.
o.
July dttllvery
Jfon.
Tuet.
49 >a
48 V
48'fl
47%
61
BOi«
Wtd.
SO>a
TKurt.
SOig
Pn.
48%
SO
49%
48>a
43
42
41
Se"*
39 >i
40>«
40
40
89
Uye is nearly nominal. Barley malt has a steady sale.
The following are closing quotations for wheat flour in
barrels. (Ck>rre8ponding grades in sacks sell slightly below
these figures):
An)?iiHt (lelivory
Hoineiiilior delivery
Fine
Bnperllne
Extra, No. 2
Extra, No. 1
Clears
V
40%
38
PLOira.
bbl. 98 35994 00 Patent, winter
»6
3 P0» 4 40 City nhlpplng, ertras. 5
4 359 4 60 Rye Hour, superfine.
4
Btralglita
4U59 4 80
859 8 00
4 909 5 15
Patent, spring
5
Wheat—
0.
Bprln*;,
43 ig
Fine
8
Com meal-
4
Western, Ao
409 S90
15»*5 40
009 5 15
769 5 10
85*4
10
per bosh. . 1 05
.
..1
WUte
Rye-
1
12
0.
• 1 20
• 114
Brandywlne
00 •1 16
105 •1 15
85
87
western, per bash..
State and Jersey . .
Barley MaltState, 2-rowed
00
92
I
Com, per bush.—
Wesfn niUed
W'n iiilx. No.2
West'n yellow
WestemwUte
Oat8-Mlxed..V ba.
White
No. 2 mixed
No. 2 whlt«
.......
90 n 92
95 9 97
00 9105
For tables nsnallr given here see pase 831.
6-rowed
Canadian
65
60
66
74
9
9
9
«
63
671a
69
76
47>9 9 51
SO • 63
49 9 50>3
51i«9 53
State,
V
In the urgregato a good buslnem baa been done In staple
cottons, although unevenly distributed. Brown sheetings and
drilla were in moderate ex|><>rt deman<l, but soma humttmuh
BOtiona were recorded on homo account, a number nf limding
jobben being prominent buyers. Bit ached ootonaalao morea
with freedom, standard shirtings and wide sheetinga in acme
quarters being considerably timIucoI in st<>",k. Bine denima
and ticks, corset jeans and sattet'ns, sharcMl the movement,
which covered tmth current ikmhIh and future deliverlea, and
was undoubtedly encouraged by agents adapting their tanna
to the re(|uireinents of the situation. Some additional bnainess in prints and ginghams was also secured by similar
means, but in no instance have agents made revision of price*
for general use. In other directions cotton fabrica have diaclosed no new foatiires at first hands. Business in jobbing
circles was of fair extent at generally low prices, aithoagn
no new "drives" of any account were opened during the week.
Print cloths were stupidly steady, sellers, in the absence of
any indication that a slight decline would bring out buyers,
holding on to 'i 15-16c. less one per cent for 64x64a and 3^c.
per yard for 56x608.
1891.
8 309 3 50
3 903
........
OKAOC.
Red winter No. 3
Red winter
839
1
THE DRY GOODS TRADE.
Block of Print Olothi—
Mayis.
Held by Providence manufacturers. 433,000
Fall River manufacturers
361,000
Outside speculators (est)...
None.
Total stook (pieces)
794,000
1890
1889.
Xayil.
Hay 26.
389,000
115,000
15,000
70,000
17,000
None.
C19,M>0
87,000
—
Domestic Woolens. Heavy woolen goods for men's-wear
were in indifferent demand throughout the week, neither
spot buying on the part of the wholesale clothing trade nor
duplicating orders being of a satisfactory character. There
was scarcely anything doing in light weights for current
needs, but a number of orders were booked for next spring
styles, chiefly in cotton- warp cassi meres.
Overcoatings,
cloakings and stockinets were generally dull, transactions
mostly
being
confined to low price makes. Low ^ade goods
such as doeskins and Kentucky jeans are so low in price as
to be barely remunerative, yet their sale is comparatively
Nbw York, Friday P. M., May 29, 1891.
The market daring the past week has disclosed consider- slow. Flannelj were quieter, but still in good request and
very firm, and an improved business was noted in blankets.
able irregularity in business. In some quarters there was
something approaching activity and in others matters were All wool dress goods are very firm in price, being unusually
but one stage removed from dulnesa.
The most notable well sold up for the present season and largely under orders
fall in both fancy and plain styles.
transactions have been in domestics, brown, blue and for
Foreign Dry Goods.—The bulk of this week's business has
bleached cottons having all been bought with freedom in
certain establishments both for current needs and for deliv- been of a replenishing character again, and although there
ery after the first of July. What the inducements were that have been more buyers around the market the aggregate
thus localized buying were not disclosed, but it is no secret transactions have been of moderate extent. Prices remain
that they took the shape of concessions in price or long-dating.
Outside of domestics an aggregate trade of fair proportions, for the season, has been recorded, a considerable increase in the number of buyers, including representatives of
large out-of-town concerns, improving the spot demand,
while orders by mail and wire were fairly satisfactory in
volume and variety. The course of business during the week
has thrown no further light upon the immediate future
of prices, and as leading agents decline to commit themselves
to any statement, there is still much uncertainty in this connection. Business has to a great extent been conducted
lately upon private terms In domestics and prints, much
more so than usual, and there is no doubt but wbat stocks in
first hands have been much reduced thereby.
This gives an
outward appearance of steadiness, and the market is really
in so much better shape than it «vas a short time ago that
it would not be at all surprising to find price revisions
which may be made of a modified character. Fall trade indications are regarded as very encouraging. Dress goods in
all-wool and cotton warp makes have come well under orders;
ginghams, which are only partially displayed so far, are
meeting with ready recognition. As already stated, there
has been a considerable business in domestics, and there are
increasing inquiries after fall prints, which have not yet been
placed on the market. Then such jobbers as have already
placed orders are impatiently demanding sample cards, so
that they may be early on the road for their fall trade. Crop
prospects continue good in the West, and collections there
are ea.sy, while some improvement in the latter is noted in
the South.
without quotable change, but there is a disposition generally
evident to meet buyers rather than miss their orders. In
woolen goods some few samples have been shown for next
spring styles, but judging from results buyers are not just
disposed to place importation orders so far ahead.
Importations of Drr Goods.
The importations of dry goods at this port for the week
ending May 28, 1891, and since Jan, 1, and the same facta
for the corresponding periods of last year are as follows:
XTbw Tohk to
May
1891.
ft
f: If?
g:
g:
g:
:
:
:
s
:
:
:
:
o
:
Oi«at Britain...<t.
Other Enropean..
China
1.
Wetk. ainetJan.
s;;;
MO
cotoco»co
UtCO
-I
10 QD
uio«0<ftM
OtO
01CKtO
U00X»S3
to 5:
te.io-jo
wapcD—
tOOO-lQO
Is
ata
MtCaSODOl
10 en
lotcatoo
CCtOOU<.4
M— aioDO
ao«4Cb^w
740
680
125
32
2,331
2,998
13,660
1,276
3.922
3,763
7,440
Hexloo
111
Oentral America..
South America....
387
463
Other countries...,
38
839
989
177
2,241
13,792
1.472
2,122
100,947
12,856
5,326
51,730
14,343
2,122
113,802
5,326
Total
China, via Vancoaver.,
oil-*
550
104
167
17
197
ooaocricft
998
O03
UQO
Oft
u CO act
OD^OOA
8a«oecto
WCOOBCH
ACOOtO^
MM MM A.
«e«oMwa
s
0000000:0
too
uoaioMoa
TDQD
MIOMW
66,073
The value of the New York exports since January 1 hat e
uco
M>0
S8
MilU points direct.
been $5,349,413 in 1891, against $3,037,151 in 1890.
t9<0t0O»0
i-iCOOCOtO
835
26
289
India
I
1,
«DCd
2,073
Africa
West Indies
Total
i:
!::i
tSUOI->UI
1890.
Ill
7
Arabia
From New England
1
cota
63,630
4,819
8,857
2,042
6,646
1,457
3.777
12,618
•
kpJ^
26.
Wtik. Binee Jan.
*
H
h mm
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending May 26 were 3,123
packages, valued at |140,574, their destination being to the
points specified in the table below:
now
MO
AXPCDOD
^ODOfeSp
OD
<000
8»io*oo
cao»o
M<»»laM
MgioaoDOa
>OMtota»
O«oo^s
OMJiatS
^-»0^I0*^
<o;o>-»aa»
THE CHRONICLE.
840
[Vol. Ln.
^rwst ei/ompmnUs,
^vuet ^omvviuU&.
Union Trust Company United
States Trust
Co.
NEW YORK.
The Northern Trust Co.,
OF NEW YORK,
80 Bioadway, New York.
and
45
47 Wall Street.
OAPITAIi,
$1,000,000
SURPI.VS,
3,T50,000 (lAPITAI, AND SURPLUS, - 89.000,000
OF
...
....
Authorized to act as Bxecutor, Aaminlstrator,
Gaardian. Receiver, or Trustee, and is
This company
a legal depository for moneys
paid into court, and is authorised to act as guardian
A LKOAL DEPOSITOKY FOB MONKY.
or trustee.
Acteas Trustee of mortKaKCS of corporattons, and
accepts the transfer agency and rcRlstry of stocks,
Allows interest on deposits, whicb may be made
at any time, and withdrawn on five days' notice,
with interest for the whole time they remain with
the company.
For the convenience of depositors this company
also opens current accounts subject, in accordance
with its rules, to check at sight, and allows interest
upon the resulting daily balances. Such checks pass
throuKh the Clearing JHouse.
Attends specially to the MANAGBMBNT OF
REAL KSTATK and to the collection and remit-
makes ample provision
NKW BURGLAR AND
TRUSTEES
WhitewHght,
Henry A. Kent,
B. T. Wilson,
Wm.
F. Russell,
0. D. Wood,
James N. Piatt,
D. C. Hays,
Wm. Alex. Duer,
Charles H. Leland,
Bdward King,
B.Wesley,
D. H. McAlpin,
George B. Carhart,
B.
H.VanRennsrr Kennedy,
James H. Ogllvie,
James T. Woodward,
George A. Jarvls,
C. Vanderbilt,
A. A. Low,
G. G. Williams,
R. G. Remsen,
Scbell,
Samuel
F. Barger,
Geo.
Parker,
The Nassau Trust
Magoun,
O.
W. Emien
Roosevelt.
CAPITAI,
EXECUTIVE COMMITTEE:
Whitewrlght,
G. G. Williams,
Edward Schell,
B. B. Wesley,
Geo. C. Magoun,
C. D. Wood.
D. C. Hays,
James T. Woodward.
KING. President.
CORNELIUS D. WOOD,!( Vice-Presidents.
„,„. t>.„.i.,„„..
JAMBS H. OGILVIB,
AUGUSTUS W. KELLEY, Secretary.
J. V. B. THAYER. Assistant Secretary.
$600,000
Deposits received subject to check at sight, and
Interest allowed on theresnltlng dally balances.
Certificates of deposits issued for time deposits,
on which special rates will be allowed.
EDWARD
Interest
commences from
<late
AVE,, COR.
office,
18 Wall St.
-
Acts as Executor or Administrator of Estates,
as guardian, Keceiver, Registrar, Transfer and
Financial Agent for States, Cities, Towns, Railroads
and other corporations.
JOHN P. TOWNSKND, President.
CHARLES T. BAKNKY, Vice-President.
JOSEPH T. BROWN, 2d Vice-President
and
DIRECTORS:
8.
AJTKBBACH,
Harrt B. Hollins,
Jacob Hays.
Charles t. barnet,
a. kostkh higqins,
Robert G, Kemsen,
Henry W. T. Mali,
ANDREW
H. SANDS,
Hon. iRA DAVBNPOBT,
John 8. Tilnet,
Edward v. Lokw
Henry f. Dimock,
Hon.
john p. townsknd,'
Charles F. Watson.
David II. King, Jr.,
FREDERICK G.EBOURNIi
Robert Maclay,
JAMES H. Bbeslin,
CHARLES H. Welling, Walter Stanton,
Gen. George J. Magee, C. Lawrence Perkhts,
L TowNSEND Burden,
FBBD'K. L. KLDRIDGE, Secretary.
J.
HENRY TOWNSEND
Assist. 8eoretar»
Holland Trust Company.
NO. 33
NASSAU STREET, NEW YORK.
Capital and Surplng
SI, 000,000
ALLOWS INTEREST ON DEPOSITS.
Accepts and executes any legal trusts from persons or corporations, on as favorable terms as other
•Imilar companies.
Acts as Executor, trustee and Guardian, under
wills for the fixed statutory charges also as
Registrar, Trustee, Transfer and Financial
Agent for
Estates, Cities, Railroads, Towns, and other corporations, and for Real Estate Mortgages with
Coupon Bonds in New York, Brooklyn and elsewhere. Collects Rents, Coupons and Dividends.
;
TRUSTEES.
vallSi *^^*?,-*-'i®°'
Xl^.^n^"." Norden,
c?^!'„^ ^f "> ^V«"'
fnh^u ^S^yf^"-
Van Voorhls,
w. W. Van Voorh s,
Ueo. W. Van Stolen
C. W. Hutchinso^
Jo'"'
iS^J;.^-JSf^'^I^'''
G- Bergen,
S""""
Robert B. Roosevelt,
oS?«^ Remsen
d""
i^lHJ^
Jotham Goodnow.
Augustus Van Wyok.
H«5?
v' v^*"!'*"',,
iS^"^ ^^'SS'Hoesen.
John D. Vermeule,
Chas. P. Daly,
Daniel A. Heald.
W. J. Arkell
GBO. W.
Wm.
Dick,
A. D. Baird.
John Truslow, John Loughran, Wm.B.Wheelock.
Thos.F.Kowiand.Wm. F.Garrison, O. F.Kichardson;
Ditmas Jewell. A. D. Wheelook.
street,
.'.
C. Bartlett, of Hibbard, Spencer, Bartlett*Co
Harley Bradley, of David Bradley Mfg. Co.
H. N. Higinbotham, of Marshall Field & CO.
Marvin Hughitt, Pres. Chic. & Northwestern BR.
Chas. L. Hutchinson. Pres. Corn Exchange Bank
A. O. Slaughter.
Martin A. Ryerson, of Martin Ryerson k Co.
Albert A. Sprague, of Sprague, Warner & Co.
J.
New York.
...81,000.000
70U 000
annti'^*i?* 5" "t.'"*^ depository by order of
intSrlS* .„"""« Receive deposits of money on
15. J®"'" '"^.'" ^s*^*' <" transler agent, or trustee
5™.?^'?'"''"'°°''' *"' accept and execute any legal
vrasts from persons or corporations, on
as '»'"'»favorable terms as oiher similar companies.
Thomiis Ililihouse, Pres. Fred'k D. Tappen,
V.-P
B"erly Chewrieo'tir?,
.
fllS.SU^S
George D. V'«^Coaney, Assistant
Secretary.
Byron L. Smith.
Byron L. Smith, Pres. Chas. L. Hutchinson, Y..p<
Joseph T. Bowen. Cashier.
The
Loan
Merchants'
AND
Trust
Company Bank,
CHICAGO,
Corner Dearborn and Washington Streets
ESTABLISHED
Capital (paid In)
Surplus and undivided
J.
1857.
profits...
W. DOANB,
82,000,000
1,.300,000
83,300,000
President.
P. L. YOB. Vice-President.
Second Vice-President.l
F. C. 08B0RN, Cashier.
F. N. WILDER, Assistant Cash er.
ORSON SMITH,
TRUSTEES.
MABSHALTi FIELD,
C. H. MCCORMICK.
JOHN D\S KOVBN.
J.
W. DOANE,
YOB
ALBERT KEEP,
A. U. BURLEY,
JOHN TYliRKLL,
E. T. WATKINS,
M. PHBLP3.
Brooklyn Trust Co., LAMBERT TREE,ORSON ER8KINK
SMITH.
and
177
179 IHoutague St., Brooklyn, N. Y. Banking in all its Branches Transacted.
P. L.
GEO. M. PULLMAN,
The
CAPITAL
}
I^^Te'^^U-f;*
|
81,000,000
Capital and Surplus exceeding 8 .^,'.230,000
This Company allows interest on Deposits, which
may be made subject to check atslghtor returnable
Foreign exchange bought and sold.
Travelers' Letters ol Credit and Commeroial
Credits Issued, available in principal cities throughout the world. Cable transfers made.
J. G. ORCHARD, Mgr. Foreign Dept.
at fixed dates.
It is authorized by special charter to act as Executor, Trustee, -> dmlnlstrator, Guardian, Receiver
or in any other position of trust.
As executor of estates It secures a safe, prompt
and advantageous distribution of the sa ne.
It Is a designated depository for Court monies
and acts as Registrar or Transfer Agent of stock
and bonds, and as trustee for railroad or other cor-
poration mortgages.
Executes orders In
curities.
classes of Investment seGuarantees Letters of Credit issued to
all
travelers.
C. T. Obristensen, Pres.
Jas Ross Curran, Sec.
Abram B. Baylls, V.-Pres. Fred'kC.Colton.Ass'tSeo.
TRUSTBEa.
,,,.„,
Joslah O. Low, (Fred. Cromwell,
Alex. M.Whit*, John P. Rolf 0,
^''' K. Sheldon.
S-, \-JaVMich^Chauncev, C. D. Wood.
Wm.B.Keiidall. Wm. H. Male,
Abram B. Baylls,
?-F- £°??'"'0°John
T. Martin, JH. W. Maxwell,
J.J. Pierreoont,
C.M.Pratt.
Geo.G.Reynolds,
8. W. Boocock,
G. W. Chauncey,
C.T.Chrlstensen.
THE
the city of new york.
Stewart Building, 280 Broadwat.
CAPITAL
SURPLUS
-_:_--
.
DAVID M. MORRISON,
8300,000
8!*30,000
CHARLES F. CLARE,
Vice-Prettdent.
^SS'fiS^,^
FRANCIS H. PAGE. Stcrttan.
M. S. LOTT, Asaiiiant Secretary.
TRVSTBES:
P- C. Lonnsbury,
tS,'^,'^\F-i,P^^P'David
M. Morrison,
Charles F. Clark
rhiV^LHi'V?''*"''',,
Charles H. Russell,
George B. Hamlin,
Theo. A. Havemeyer,
Seth B. Thomas,
^eoj^ge l^- PrenUaa.
T
m
k„„
,;
'
Froeman,
Lucius K. Wiimerding.
George A. Morrison,
Joseph C. Baldwin,
""e'''
w.S'^SI fe^,?'"^'
John 1 . Anderson,
Jr.,
Illinois
Trust & Savings
Bank,
*
CHICAGO, IIX.
CAPITAL AND SURPLUS, 82,100.000
INTEREST ALLOWED ON DEPOSITS.
This Bank Is directly under the Jurisdiction and
supervision of the State of Illinois, is a LEGAL
DEPOSITORY for Court Moneys, and Is authorised
to act as TRUSTEE, EXECUTOR, RBCBIVBR and
ASSIGNEE for ESTATES, INDIVIDUALS and
CORPORATIONS.
OFFICERS!
John Gibb,
WASHINGTON
TRUST COMPANY
of
.!.
Metropolitan Trust Co.
W. Wurster,
Joel F. Freeman,
Bernard Peters, Chas. H. Russell.
Darwin B.James, Wm. E. Horwllf, Edward T.Hulst!
H. H. Rogers,
Joseph F.Knapr.Jno.McLoughlin,
B. B. Tuttle,
Jno. T. Willetts. A. M. Suydam,
F.
VAN SICLBk, Secretary.
P?i'i^,"*,?®.^,»"
Capital
ffiiTj/f
WBTPIUS
DIRECTORS
A.
}
TRUSTEES
ROBERT B. ROOSEVELT, President.
JOHN D. VEBMEULB, „,„
rl
.
JOHN U. PLANTEN, i Vice-Presidents.
(
court.
New York Clearing House.
A. D. WHEBLOCK, President.
WILLIAM DICK,
*'™""*^"JOHN TRUSLOW, IviooPr^.f.
O. F. RICHARDSON, Secretary.
St.
81,000,000
DESIGNATED LEGAL DEPOSITORY.
-pSltPH
Acts as Registrar or Transfer agent ot
Stocks and Bonds, and as Trustee for Railroad and other Corporation mortgages.
Investments of Trust Funds and Title thereto
are kept separate and apart from the Assets of the
Company.
of deposit.
Will take entire charge of securities during absence or otherwise of owner.
Checks on this Company are payable through the
arTH STRKET.
and 3 Nassau
CAPITAL AND SURPLUS,
Companies of good standing.
Authorized by law to act as Executor, AdminisCommittee, Guardian, Trustee, Receiver.
Agent and as Registrar of
Stocks and Bonds; is a legal depository for
Company,
FIFTH
Legal Depository for Court Moneys, Trust Funds
and other Deposits, which may be made subject to
check or returnable at a fixed date.
Acts as Executor and Trustee under will, as Administrator, Guardian, Trustee, etc.
Does all business usually dene by Trnsi
Fiscal and Transfer
Knickerbocker Trust
Branch
$1,000,000
-
trator,
Trust Funds and for moneys paid into
Loans made on approved collaterals.
S834
Co.
101 Broadway, Braoklyn, N. Y.
Chauncey M. Depew,
Wm.
Pays interest on Deposits.
HAMPTON
Edward
Amasa J.
Capital Fnlly Paid In
TRUSTEE a:
Wilson G. Hunt, Jno.H. Rhoades, Wm. Rockefeller,
Clluton Gilbert, Anson P.Stokes, Alex. B. Orr,
Daniel D. Lord, Geo. U. Warren, Wm. H. Macy.Jr.,
Samuel Sloan,
George Bliss,
Wm. D. Sloane,
Wm. Libbey,
James Low.
G. H. Schwab,
Wm. W. Phelps, John C. Brown, Frank Lyman,
O. Willis James, Edward Cooper, Geo. F. Vietor,
John A. Stewart, W.B'y'dCuttlng, Wm. W. Astor.
ffirastusCorning, Chas. 8. Smith,
HENRY L. THORNBLL, Secretary.
LOUIS G.
Assistant Secretary.
FIRB PROOF VAULTS
for the safe keeping of securities placed in its custody, on which it collects and remits income.
Wm.
INTEREST ALLOWED ON DEPOSITS,
Executors, administrators, or trustees of estates,
WOMEN unaccustomed to the transaction oi
business, as well as religious and benevolent institutions, will find this company a convenient depository for money.
JOHN A. STEWART, President.
GEORGE BLISS. Vice-President.
JAMBS 8. CLARK, Second Vice-Prea't,
in its
CHICAGO, ILLINOIS.
Under State Jceisdiction and Supervision
which may be made at any time and withdrawn
after five days' notice, and will be entitled to Interest for the whole time they may remain with the
company.
and
tance of rents.
It
is
La Salle aud Washlngtoa Sts.,
8. E. Cor.
John
J. Mitchell, President.
John
James
B. Drake. Vice-President.
Wm. H. Mitchell, Second Vice-President.
Wm. H. Reid, Third Vice-President.
S. Glbbs.Cashier, B.M.Chattell.Ass'tCash'r.
DIRECTORS
John McCaffery,
:
John
B. Drake.
H. Reld,
John J. MitoheU.
Wm.
L. Z. Lelter,
Wm. H. Mitchell,
Wm. G. Hibbard.
J. C.
McMuUin.
D. B. Shlpman.
Manhattan
Trust
Corner of Wall and Nassau
CAPITAL,
.'
.
Sts.,
Co.
N. T.
81)000,000
DIRECTORS:
F. O. French. N. Y.
R.J. Cross, N. Y.
H. W.Cannon, N.Y.
JohnB. Ford.N.T'
H. L. Higginson, Boston. T. J. Coolidge. Jr., Bos.
August Belmont, N.Y.
James O. Sheldon, N.Y.
B. D. Randolph, N. Y.
A. 8. Kosenbaam, N. Y.
8am'! H. Shipley, PhUa.
C. C. Baldwin, N. Y.
Chas. F. Tag, N. Y.
R. T. Wilson, N. Y.
Marshall Fleld^Chicago. J. I. Waterbnry, N. T.
H. O. Northoote, N. Y.
William Lummis.
INTEREST ALLOWED ON DEPOSITS.
This Company Is a legal
lor
Court and Trust Fund, anddepository
Is authorized
all other business nsuallr
j^„.i.2W and *^"""'»''*«>"
»' respounlbllUjr
aSd^tZndruK.
F. O. French. President.
J. I. Waterbnry, V.-Pre».
A. T, French, Secretary and Treasurer.
ALLOWS INTEREST ON DEPOSITS. KXBCUTBS TRUSTS OF EVERY DESCRIPTION.
BBGISTRAB AND TRANSFBB AGBNT.
@FedFRASER