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1
.
umtlt
HUNT'S MERCHANTS' MAGAZINE.
^if-
.
RBPRESENTINQ THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED
STATES.
VOL.
SATURDAY, MAY
48.
Terms of Subscription— Payable in Adrance
Fjr One Year (InolurtlDK postage)
For S'.x Months
do.
Earopean 9ul)90rtptton (inoluaing poataee)
SjMos.
do
:
78.
do
do
*1 88.
These prices include the Investors' Sopplemekt, of 150 pages
issued once in two months, and furnished without extra charge to
eubscribers of the Chronicle.
WCLLIAM
DANA
JiHMO FLOro
B.
S
^»'««I'IAtI
102
i
It.
DANA &
WllHam
street,
NEWPnblUhers,
¥OKK.
months the total for the whole country shows an excess of 14-7
per cent.
April.
'
New York.
...
Boston
New Haven
Springfield
The aggregate of bank clearings for the week ending Apiij
27 exhibits a small decline from the total for the preceding
week, but contrasted with the corresponding week of 1888 an
excess of 2-5 per cent is recorded. At New York there is a
Blight falling off compared with last-year, but tlie exchanges
outside of those due to stock operations show a large gain.
Week Ending April 27
Bnd'a April
tVeek
SO.
Balaol—
IStocki
tlMTtt.)
(Cotton
taratn
(Petroleum
bala.)
busheli.)
bbU.)
Bo«ton
ProTldenc*
Hartford
,
New Haven
Worcester
roniand
tSogland...
Philadelphia
Plttabnrit
Baltimore
Pymeuse
BuOklu
(45,2o:.lJ55'
(2,269,837)
(2K»,200)
(28.»le.£601
laC.H/H.OuO.
(i6,71(«,000)
...
Portland...
(+5«u:
(+0-7)
1!,417,443
+19-
438,424,116
407,151,363
+7-
Philadelphia..
289,957.106
2e2,.334,14'
+ 10-6
Pittsbofg
Baltimore
Syracuse
Total Middle
Chicago
Cincinnati
Detroit
CtocinnatI
,610,790
9i8,904
10»,e50,ti58
+1B-9
6l<,5«9.'9S
11.117,76'
+40
13,935.821
11,268,80)
+14» Kansas
+9-3
)«-5
—+63
+53
-1-4
+ 17-3
—7a
+'M-1
+0-4
80,010,86-
+19-9
02,640,996
61.6.19.028
59.890.999
+10-.'!
66,893,808
10,676,900
4,416,149
4.211.665
3,109,710
5fi;,3l!4
88,694,649
80,441,261
12,966,016
Clereland
Colurubus
ii,!i03,019
2,^77,000
1J>(W.084
1,270,595
Indianapolis...
Peoria
OraadRapldf.
Total Middle Western
San Francisco
Kancas City
Minni'iipolls
7.4E.9.232
3,&70,27t)
6t.Paul
3,.-)2l.l»l
13,277,874
e.l^2,H69
S,28»,-3«
8.494,341
3,452,192
»,4nP..419
8,S:2;!,105
2,164,843
1,3-'5.4M
1,167,581
Omaha
Denver
Unluth
1,!I9I,098
Kt. Joseph..,.
Lob Ainreles....
1,095.473
001,9011
70il,llB
Wlclula
Topeka
"X City*
364,891
^oouia'
Total Other Western..
Lonls
Orleans
New
RIchiiifjitd
Oalveston
Tort Worth
Norfolk
,..
2,765,10(1
440
+ 711
+ i-.s
+:i-l
-t8-;
+10-3
94,660,118
+4-0
—2-3
16.419.f;8fl
+11-8
+1-8
+«8-t
-)0-4
-5-4
-44-6
+17-i
+27-V
237,692,719 +10-3
40.777.200 +11*
16.703.18-^ i+ll-1
1,027,620,901
928,519,367 +10-7
18-4,081.761'
19,221.6901
14,099,1.7-
I70,a'.2,850l +7-8
68,910,(t0« +l8-«
76,081,796
89,063,482
31,961,012
2S. 440,808
10,823,900
9.154,673
2.5111.1)74
47,44 6
4,I0«,18I
8,662,401
8,'^
1,377.248
1,13;.U61
638,060
668.168
400,460
458,965
34l,4fiU
City,,.
.Minnetipolis,..
St. Paul.
10,834,400
7,160,313
6,817,081
14,75.* ,541.
16.1»7,-.(94
Denver
14,850,1152
Dulmta
6,464.877
4,796,256
St.
W
LoalB
New
Orleans..
Lonisvllle
Itlchmoni
Ualvestoo
Norfolk
....
lO.i.18,1,911
6,13' .263
+58
+18
+24-6
+ 31-4
+24-1
40,489,143
-•
).'.
4.-.
2-2.345.8-iO
-4-ii
i;9.751,292
169,069,834
+6-S
728,236,008
««l, 325,7 19 +10-1
7I,89J.I73
89.447,218
72.0O4,'56
31,3n»,459
23,078.141
8,808.157
6,796.000
3,121,168
8,107,066
308.307.70
294.31.1,l.-,l' +B-i
172.>.i«.iiil5 +10-4
10(l.ll'5.-i7-
27,765.317;
10,7i4,9;«
8,697,7011
3,152.56-j
2,619,944'
-0-2
+ 28'8
+20-3
4 26-6
+20-2
-15-7
Total South,
ToUl all
164,7^9,812|
148,284,745 +11-1
11,788,352
4,7 10,809,
I!>0,710,0«9'
1I.5.»17,SS1(
47,9(13." 3
Total
Ootalde
*
all
Vow
|4,819,687,989 4,010,070,578
15-7
:;H,;iii,9«o+8i
18,646,333
14,037,117
16,3S9,-J9;,.>l.->
-6-2
+10
+350
+ 48-5
~ i:,-H
—
Four montht,
2
V5-S
—-1-4
"I'O
-41;
Our compilation embracing operations on tlie various NewYork Exchanges now covers four months of 1889 and 1888:
.')
+ 10
+22-:
DaeripUon.l Par Value
I
'or Quantity'
Valut.
\Av«r'tt: Par Vaiut
Price. or QuantKir
Sutebonda.i
I
i2.i>SI.;(.o
(3,17.730
j
68-0
»743,u61 138 2
»l,.H.0.t.91,
17,2m»,476
8,nno,«72
-6-4
+20-4
ll,-.37ti,7r.S
+24
1
+42-6
+20(1
-0-8
+38-
2,175,1111
2,1 ^5.149
1,061, St-O
Total value
4.'-l
11
912,700
+a«o
—169
M8,tei
-24.-<
+8-6| ""30.050,019
4 0-9
+21
-i4(.-4
I
12394630,016.
Attual
I
Vain*.
'
;
21,768.213
Sh-s
12533071159' 63-4
Stock? Val.
*ll>:.'iiil31i.'. I
8 _P0-4
PO-4
UK. bonds.. ilii.^.7;i'..Hjr) J119.-.'.'."78
«l.,-:ll',l)0 125 4
Gov't bonds, f l.l'itl.'l-'.o
Bank itocks
Fuurnuiatks, 18S8.
1888.
Actual
+9-(.
987,071,245
863,4'8 .190
^ni.(>a4.872
SV«.4:'.l,R.<!o
Mot tBcliKlvd la
total*.
+2-t|
+14 7
+21-1
-3-8
,,,.
-«!
604,641.409 +tO-»
734,422,010;
+7-7 17,63<I,01",9J4
+24 3
v.^k..
-244
+427
27M0.UUO)-+8|-I
1^6l6,«0»,-Hn-l
36,488,9231
21,2119.060
H^lS-Mu'cOO
lluMiwaooO;
I
1
I
»«,88S,400'
|i,e
{
103»«2234o'
,008,af4 ,214
47-6
~!17»4i«>^P
+«'5
«n
•*?.<>4»,538 .90-2
|3.6il8,6«8 119^7
(9111,2119
fuil!,«6,8
3a-7
1;B«
64 •
1-J50S9 4-100
.no t3i-«i
.30f 8lMe
flM1It.>.40a
Ia4aag4 1,832
-'
- '•-'-of exchanges for the five days, r§raih this evening— in conseouence of the l
ayt— exhibit a dccreafe from the like period of
cent. Our estimate for the full week ended May -1 indicalt-s n
loES from a year ago cf about 27-20 per cent. Mes^is. R. O. Dun
Co. leport the number of failures for tjie week ended Friday
sight as 214, against 2S4 for pie tame time a year ago.
The rctuins
'
'
.
Total Southern....
1
-0-i
Ontslde N. T..'l,569.702,9l6 1,437,734,925 +0-2i 6,351,439,789 8,»t8,239,a»B +11-S
16,215,816
7,V97.B67
5.2!M.«14
34,310,180
+31
49,&.'<2.501
12,9U4,li3
1I,V)I,12T
6,720,827
3,132,900;
15.003.458
37,212,859
67.44«,<87
2.974,660
1,(01,419
Total ... 2143,678,005 »I407176,80t 66-8
Pefl-m.bbls 211.689,000 ll88,62l.0O5 gJiJ.
6.436,800 »3-i7,747.8B0 130-98
Cotton, bis.
araill.llluh.1 566,889,316 (473.084,757 84 »3e
619,518
702,688
698,861
t.9.258.6(^
61,177.163
58.717.2:9
+
+7-9
940.114
580,958
+2-1
22,18(1,138
2-i, 164,9 15
43,428,018
ai7,44i)
+10-»
3i,176,3-J(!
2/,10O,.'S8»
-0-4
l.ll41.082i
68,338,122 +11-3
49,6«5,6:i +171
87.624.8«8, +4-I
32,536.399 -1-8.
2V.647,025 +!»$
10,382,6681 +4-§
C8,18I,60i>
+6-S
-4-7
-40-2
+16-8
+24-9
38,378,728
1,040,0(10
8I.78«.2(16
5.086,,318
5.236,,493
2,676,,694
1,284,,2t3
St. Joseph ....
1.0s AnKeles..
Total oth'r
4-4-6
.
14,541.6241
Omaha
61.867,,616
31,54 ,474
18,820,,025
14. .'.66,,489
13,07f,,4>)8
88,206 ,8ii4
38
l,888,645,e«4;+U-5-
+7-7
— 1»7
-5-9
—8-8
+8-5
-511
282,122,111
45,360,700
18,6»3,19«l
12,370,3571
+4'i
1,519,876
1,4<8.281
641,621
584,491
6,709,711
«,766.97«
1,857,664
Meinphis
650,tSi
284,741
+i:
+8-4
319,322
9,068,.'
LoQisville
1.084,1(10
+ l«-a-
I,689,3.i2,b72
+ 13-8 Topeka
(60.472
2,688,287
9S,948,360
rp
+9-0
Wioliita
^5
57,175,804
+17•^
365,204,415
1<3,«5,).-.M9 -)-17-»
68,ie5,678 -l-ll-l
93,203,788
4,079.^B5
3,455,418
2,«87.770
1,918,404
1,715,607
1,191.101
692.642
401,044,168
144.627.383
98.934 ,886
97.948,859
6.039,900
90,974,170
4,v6tf,2l7
206.1186,855
+10 3
284,S96,657
68,528.405
)5,»a7,»3«
11,167.777
4,0«U.UU2
-14-5
2,732,009
1,888,812,177
+10-i
+10-2
Milwaukee...,
212.003,680
60.57».Ii)6
2.',9.819.a57
1,153,463
1,054.213
611,171
Detn.H
4U,562,063 +18-6
49,318,976
3,013,710
1,534,042,316
—1-7
8,1)09,701
5H,7f6..f7a
+4-6
1
9,548,330
+10-9
9»?.650,318 +16-7
ll«,l»0,629 +11-5
195,349.358 +5810.476.4641+18-1
1,158.220,0801
348,024,064+10-8
Tot.
Memphis.
Ohicago
10,U9,301 +13-1
1,760,415,736' 1.591,734,637
61.706,184
36,180.316
l,22-.i,766
8
+0-1
+8-(>
4 6-1
San Francisco.
+12-2
-3-9
+15-6
+ 06
-t9-»
2,491,94'^
+15 9
-1-3
19,376,139
17,998,:69
16.660,189
11,786,619
+11-8
82.211.500
30,227.206
19,741,738
18,201.460
16,670,269
16,70^.962
883,600,573
1.4I11.U18I
1,044,21^0
11.0ia,«50
'01,646
4,614,375 +1-:
4,291,616 +13-;
3,853,065 +7-,
1,898,497,-^37
M.West
1,614,286
524,^SU
4.69131
SS,f2rt.«04
19.7fl0.013
Total N. Sng
Lowell
1,663.322,802
82,8f6,700
+6-0
Indianapolis...
-41
-11
+304
+5-,>t
5,077,.V'6
7,1
Qrand Rapids.
+12-7
'*l!(,451
+6-9 11,304,677,265 9,693,035,389 +18-8
+7-9
+8-3
628,774,9.S2
3.970,800
2,88a,0B0
ToUl Middle
St.
()48-8
360,458,199
19.399,200
4,871.700
4,878,773
4.15«,3d8
2,894,201
Cleveland
Cotunibus
83,4fl6,()«7
1,01.0.210
P.Ct.
(850,8111 (—li-'O)
(531.800) (+l.'il-l)
(34,4-W,5BU) (-SS 9i
(-7-1)
19,648,000)
P. Cent.
4,47»,8li0
054,362'
1888.
I5,814.9.S7lr21-5
12.498.118 .-lib
9,025,889 +20-S
7.900.648 -9-4
6,083,066
2.626,865
1889.
E0,012,282
r.VZ.a52
•
—0-2
(-56 9
20,41i0.400
7,461.; 63
Worcester
Peoria
tB2.8oa
689,512
lowell..
New
637,003,360
:975,P37)
(430.400)
l,17l,li04
WHl.f.U:
J,1tHi.44«
gorlngaeld
Total
636,036,373
P. 0»nl.
2,749,985,073 2,672,3i 6,663
. .
Milwaukee....
Mew York
1889,
889,058,051
Hartford
CLEARING HOUSE RETURNS.
1888.
Four tfontht.
1889.
Providence...
188».
the aggregate of 7-7 per cent, whUe outside of
the increase reaches 9-3 per cent.
For the four
Co.,
Post Office Box 958.
I
1.245.
m
a gain
is
New York
6 10
11 28
6 64
£2
NO.
1889.
The decline from March in the total of exchanges for April is
due entirely to the observance of Good Friday and the Centennial holiday on the 30th.
Compared with April of 1888 there
SIO 20
Earopcaii Subscription Six Months (Including postage)...
Annual subsortptlon In London (Including postage)
4,
&
,
.
—
.
THE CHRONICLE.
570
[Vol.
XLVin.
have done their work. It is interesting to note that the
Argentine Republic, which last year was drawing gold
were
week
this
of
so rapidly as to disturb all European banking centres,
Wednesday
and
Monday, Tuesday
Stock
The
circles.
has during the last two weeks contributed to the Bank
business
in
holidays
practically
Exchange adjourned from Saturday noon to Thursday of England's receipts. The Bank of France reports a
THE FINANCIAL SITUATION.
morning, and the money market in the interval, so far gain of £82,000 gold.
At the openOur foreign exchange market has continued dull but
it closed.
On Thursday the posted rate for bankers' long
ing Thursday morning the changes were slight, the firm.
continued ease indicating that the additions to the sterling was advanced to 4 88, while short remained at
The adsurplus reserve during the last three weeks have been 4 89^, with some drawers maintaining 4 90.
was
condition
This
rise
in
commercial
bills,
banks.
sterling
caused
a
vance
in
long
well distributed among the
instiHouse
Clearing
There
no
the
continues
small.
is
eviof
the
supply
of
which
statement
illustrated by the
returns;
previous
with
takings
of
securities
on
Eurocompared
considerable
dence
of
any
Saturday
tutions last
The withdrawals of gold yesterday for
for whereas on April 13 four of the largest -of these pean account.
banks held $5,520,800 of the $6,065,550 surplus reserve, export to Europe were $2,801,343 17, and more will no
on April 27 the same four banks held but $5,651,300 doubt go forward next week unless the takings of securias there was any, remained as
Yesterday, quite ties become more of a feature.
On accourt of the extensive holiday period in connecunexpectedly, there were fresh withdrawals of gold for
We say unexpectedly, because it was claimed tion with the Centennial celebrations, there has been
export.
and widely believed that there have been large takings very little trade or business in progress here, and conseof American stocks on European account^this week and quently no change in the trade situation has taken place.
of the *13,426,950 surplus reported.
week, which claim this gold movement disproves.
No doubt the flow of securities is now from this market
to London, but that it is of any great volume would
seem to be quite clearly negatived. The gold shipment
for Europe to-day will reach $2,801,343, but as the
last
With regard
to the crops nothing has yet occurred to
disturb the favorable prospects, though the weather in
certain sections
West and South has been rather
cold,
and in parts of the West reports say that rains are
needed to maintain the present high average condition.
bank reserves at the moment can afford this loss, these We have prepared our statement of bank clearings this
withdrawals had but little effect on the money market week for the month of April, and find that notwithStill, in interpreting the Clearing House standing the interruption and diminution of business
yesterday.
should be remembered that occasioned by the holidays, the total of the clearings is
It is made up on falling averages— this week's gold export over 300 million dollars greater than in April, 1888.
counting but one day in the statement, while as the This increase does not equal the loss last year, but the
week closes there is some renewal of the demand for further falling off in the volume of Stock Exchange
statement issued to-day,
it
currency from the interior.
So far as represented by bankers' balances the extremes
of the week for call loans have been 4 and 2 per cent,
averaging about )l\ per cent, the higher rate being
this year more than accounts for the
outside of New York the clearMoreover,
difference.
than last year, but larger than
not
only
are
larger
ings
The following is a summary by months
ever before.
transactions
touched temporarily near the close of business yesterday. for 1889 and 1888.
MONTHLY CLEARINGS.
Banks and trust companies have continued to loan at
Of course that means on
CUaHngs OuUide New York.
2^ per cent as the minimum.
CUaHrm, Totai AU.
Uontli.
prime security. From that minimum call loans in some
lass.
institutions run all the way up to 4 and even 5 per cent,
but in such cases the circumstances are special and the January. ... 4,800,»04.133 4.038,748.473 +19 1,730,700,249 1,511,503,738 +14-8
4.054,«9a,27R 3.5ft2.0.')B,491 +13-8 1,459,762,269 1,349,427,554 +8-a
February
collateral more or less mixed. There is no change to note Hsrob
4,481,032.5»e 3,782,524,473;+18-5 1,691,274 315 1.396,533,409 +13in time loans on first-class stock collateral, no new fea- iBt qoarter 13,388,828,005, 11 ,378,224,437 1+17-2 4,781,786,023 4,257,624,701 +121
4,319.687,989' 4,010 070,678' 4 7-7 1,869,702.916 1.437.734,925 +9-2
ture having developed since the resumption of business on Apri
Thursday. The demand is not urgent for any dates; we
How these results have been affected by the dealings
.
l
quote sixty to ninety days, 2^ per cent; four to six in stocks on the Exchange, may be gathered from the
months, 3 per cent, and six to nine months, 3| per cent. following.
SALK8 OP STOCKS AT THE NBW T. RK STOCK BICHANQP.
Commercial paper is still in good request from all quarters, and the supply of really first-class names is not
1888.
1889.
Rates are 3|@4 per
sufficient to meet the inquiry.
Values.
Value*,
Number
Month. Number
of Shares.
cent for sixty to ninety day endorsed bills receivable,
of Sharu.
Actual.
Par.
Actual.
Par.
»
4@4f for four months' acceptances, and 4|@5f for good
1
I
I
single
months to run.
Europe, though at London
names having from four
Money continues
easy in
to six
Jan....
4,678,108
429.780.660
286,112,894
S.928,117
Feb....
tlarcb.
6,028,998
6.146.1061
653.014,700
845,392,724
3,146,3201
651,956,350
361,178,238
0,250,8891
326,142,650
269,142,200
421,683,000
210,12«,«4B
178.3(19,233
266,009,108
666,104,960
open market rates are a fraction higher, discounts of iBt qr. 16,947,211] 1,634,76 700 981,'<ai,856 12,322.326 1.010,967,750
271,623,703 7,614.877^ 638, -71^7501^84,617.360
4,821,0121 441,' 93.400
sixty to ninety day bank bills being reported 1| per API
stock sales in April this year
the
of
Thus the value
cent.
The open market rate at Paris is 2^ per cent,
against 384^ millions last
dollars,
million
only
and at Berlin and Frankfort it is 1^ per cent. The was
271^
Bank of England is now receiving gold quite freely, year, a decline of 113 million dollars. If we take our
but is sending it to the interior of Great Britain in usual average of 2-i checks to each transaction this desuch large amounts that the net for the week is a loss cline of 113 millions would represent a loss in clearings
to the Bank/ of £150,000.
A private cable to us states of 282 million dollars. In the face of this loss the ag--*
that this loss is the result of imports to the amount of grcgate of the clearings is 309 millions heavier than last
1,
11..
£307,000 wholly from Australia and the Argentine
Republic, and shipments to the interior of £457,000.
These shipments are explained in the letter of our London
correspondent, and will return to the Bank when they
year, as already stated.
A feature
unusually large
gross
and
week has been the publication of an
number of returns of railroad earnings,
As a rule, these returns are very good
of the
net.
Mat
some
of
THE CHRONICLE
1880.]
4,
them exceptionally
of this nature,
all
and
so; nevertheless,
in certain sections
they are not
the exhibits are
ingenuity.
671
We
give President Ashley's remarks in full
in a sabaoquent part of the paper, so need not
go into
any extended analysis of the company's progreM here.
may refer first to the roads in the Northwest. There the A few features may be referred to, however, as showirg
gains lire heavy and noteworthy. The St. Paul reports an the principles which the management have followed in
improvcTncnt in net for March of $362,733, and for the conducting and building up the property.
Mr. Ashley
While it must be remem- says that the road has been extended only as fast as the
three months of $018,879.
bered that we are comparing with an exceptionally poor Board could see its way clear to pay for it, and all
more or
with a few important
less irropular,
We
losses.
makes the present improvement entangling alliances have been avoided.
The comContrasted with two years ago, pany has declined to purchase or lease any road
there is of course a loss, the net then having been except a small piece of twenty-two miles, and has
11.041,900. against $782,048 now; but that is in some thus been saved " from more than one serious embarrasarespects not a fair standard, since March, 1887, was a ' ment."
" Roads have been organized for the express
month of exceptionally full earnings, on account of the "purpose of building to a connection with ns," and
rush of traffic preceding the going into effect of the " naturally enough they expected to have this company
Inter-State law.
If we take the results for the quarter, "endorse and guarantee their bonds, but we have
we find net of ^1,572,189 for 11889, $653,310 for 1888, "steadily declined to do so as a matter of business
$1,755,18,5 for 1887,and $1,682,020 for 1886; these figures "prudence."
The management have also endeavored
indicate that on the whole the present is a remarkably to equalize more nearly the movements of traflBc in
good showing.
On the Burlington & Quincy we are opposite directions, so as to secure the most economical
comparing with the month of the strike last year, when results from operations. Prior to 1887, according to the
the company did not meet its ordinary operating ex- report, the north-bound traffic formed over 80 per cent
"iscs. The increase on that road therefore is even more of the total tonnage; in 1888 it was less than 72 per
lided than on the St. Paul, reaching $847,177, with cent, and for 1880 it is thought the figure will be only
.08,513 more on the lines controlled, making over a 65 per cent.
Both 1887 and 1888 were poor agricultumillion dollars together.
The present year's results do ral years in Michigan, and as a result the grain tonnage
not of course equal those of 1887 or 1886, but that was of the line, which in 1886 was 51,826 tons, in 1888 had
not expected.
Taking the quarter as offering a better dropped to 28,701 tons, notwithstanding the larger
guide in this respect than the month, the net for 1880 extent of road operated, and for the latter year this
period last year, that
none
satisfactory.
tlic less
stands at 81,570,042, against $720,474 in 1888, $3,356,-
and $2,306,219 in 1886.
Among the
laller companies in the same sectjon, the Milwaukee
.;ike Shore & AVestern has an excellent statement,
reporting net of $234,763 for the three months in 1880,
"gainst $32,103 in 1888, and about $180,000 in 1887.
'Among the Pacific roads the Northern Pacific gains
.^341,112 in net for the month and $911,408 for the
'larter, but here the comparison is with good results
<t year, as shown in a special article on another page.
The Canadian Pacific also reports very heavy additions
to the net— $194,681 for March and $426,080 for the
quarter, in both cases after improvement the previous
year.
On the other hand, the Union Pacific last week
'7
1887,
in
'
grain tonnage constituted only 4-4 per cent of the total
In the same
from 27,174 to 10,139
earnings have been steadily
tons.' But traffic and
increasing nevertheless (chiefly in coal and lumber),
and thus the progress made is the more noteworthy.
Besides, the improvement is still going on, gross earnings for the period from January 1 to April 30 standing
tonnage, against over 13 per cent in 1886.
two years the tonnage of flour
at
$297,852,
fell
against $181,816
in
the
corresponding
period in 1888.
Stock speculation during the last two days has been
and also quite strong. In the holiday
Interval while the Exchange was closed, a rising tend-
quite active,
ency had developed in London in the securities dealt in
had a very unfavorable statenrent, the loss in net for there, and also on the Boston Exchange, the latter marHence business was rethe month being $361,530, and for the three months ket being open on Wednesday.
The changes the previous year on that road sumed here Thursday under favorable auspices, and
had not been important, but in 1887 the gains were when subsequently there came the returns of earnmentioned above, showing such very heavy
^very heavy, so that the present results are an improve- ings
ment on those for 1886. From the South the returns gains in net for the Burlington & Quincy, the St. Paul,
are more or less mixed.
The Louisvillfe and Nashville the Northern Pacific, the Canadian Pacific, and the
doing exceedingly well, and has more than recovered Louisville & Nashville, active buying for both the long
and short accounts ensued, with the result of advancing
.in last year's losses, the increase in net for the month
$266,634.
being $202,270, and for the quarter
New
.ouisville
anooga
&
I'^rlanger
ment.
St.
Orleans
&
The
Texas, the Nashville Chat-
Louis, the Cape Fear
roads, are
$463,316.
some others
& Yadkin, and
.able to
the
show improve-
But the Central of Georgia, the Norfolk &
& Quincy stock especially makactivity continued through
This
rise.
pronounced
iixg a
yesterday, though with some temporary reactions in
prices in the morning, only to he followed by a further
There have been no special
rise in the afternoon.
prices sharply, Burlington
developments of moment affecting the values of stocks.
burg, all report diminished net for the month, and, with It is reported that Northern and Union Pacific have
the exception of the last, also diminished net for the made considerable progress towards settling their difficulties with regard to the matters in dispute on the
quarter.
Western, the Petersburg, and the
Eichmond &
Considering what a bad year 1888 was,
)
it is
Peters-
gratifying
find one road wkich can refer to that year as "the
most remarkable and prosperous year in our history,"
Pacific Coast section,
to
and Northern
Pacific
is
also said
the much-talked-about contract with the
Central for joint operation of that road
have made
Wisconsin
Both Michigan Central
entrance into Chicago.
and.an
those being the words with which President Ashley, of
pamphlet reports
the Toledo Ann Arbor & North Michigan, concludes his and Lake Shore issued their annual
review of the 1888 operations of his road.
The Ann for 1888, but as the general results were covered in the
'
Arbor
a
is
closing week of
been in existence preliminary statements given out in the
these had
1888),
December
29,
has been built up with rare skill and the year (Chronicle of
not a large system, nor has
long time, but
it
it
—
'
;
THE CHRONICLE.
572
no influence upon the market. The demand for bonds
continues very active, and all good issues command
LVOL. XLVIII.
United States Tke-Vsheer's
Net Holdings of—
1SS9.
March
1,
April 1
Mayl.
rising prices.
The following statement
movements
gives the week's
of currency and gold to and from the interior by the
New York
banks.
Wceli ending
May S,
Shipped by
r. Bmks.'
Net Interior
Morement.
$8,726,000
3*0,000
t983,000
127.000
Gain. ?1.T83,000
J3,105,000
»1,000,000
i?ec«irf (t
1839,
JV.
Currency..
Gold
Total KOld and legal tenders..
r.
by
Banks
.V.
'Gain.
196,245,931 197,874,422 191,589,112
21,564,960 20,710,628 21,059,084
29,300,511 25,051,231 23,770,137
Legal Tendernotcs
318,537
336,452
460,393
National Bank notes in cash
2,717,815
3^220,497
3,115,035
National Bank notes in redemp'n
24,901,270 25,150,233 25,199,474
Fr.ootional SilTcrincasli....
Gold coin and bullion
Silyer coin and bullion
Total in Sub-Treasuries
Total in depositary banks
252,00J
(Gain. $2,015,000
Grand
total.
...
275,446,300 271,870,781 265,304,697
48,818,9911 47,832,248 48,069,815
324,265,291 319,703,029 313,974,512
Note first the division in the holdings which we have
In addition to the above movement the banks have
the
Suboperations
of
referred
It will be seen that of the total on
the
to above.
lost $3,300,000 through
Adding
there is $48,609,815 in depositary
shipments.
gold
May
1st
(1313.974,512)
last
week's
Treasury and by
Then
in Sub-Treasuries.
only
following,
which
banks,
and
$365,304,697
the
we
have
the
above,
item
to
this
should indicate the net loss to the New York Clear- again observe that of the 265^ millions in Sub-Treasing House banks of currency and gold for the week uries, $25,199,474 is fractional currency which cannot
be used to pay ordinary demands, and $3,220,497 is the
covered by the bank statement to be issued to-day.
amount of national bank notes in process of redemption,
Outof Banks. Xet Cha nge in
Week ending May 3, 1889.
and not therefore available
Brink Holdings. an item very nearly constant,
The other items, which aggregate
Gain $2,016,000 for disbursement.
$1,090,000
Banks Interior Movement, as above| $3,105,000
10,400,000
Loss. 2.300.000
8,100.000
Sub-Treas. oper. and gold exports.
make up the Government's
dollars,
about 236J million
$11.190,000
Loss. $2!i5.000
$11.205 000
Total gold and legal tenders
of the channels of comheld
outside
cash
now
actual
Note.— The above dooa not include gold eliipments of this wef k.
merce. Just how much of that amount can be safely
The following table indicates tlie amount of bullion put into bonds can only be determined by the event.
in the principal European banks.
Mr. Windom reports his total cash balance, after
deducting one hundred millions reserve for the legal
Mays. 18f8.
May 3, 1869.
Banks of
tenders,
at $55,677,150, which of course covers the
Oold.
SUver.
lotal.
Gold.
SUver.
Total
.£
«
total, in banks and Sub-Treasuries, available not only for
£
£
a
*
22.137.2';il
23,1S7,2'I9 20,V50.0-5;
21.350,685
Hngland
purchases of bonds, but as a working balance. That is
10,517,19U|49,658,50S 00,135,707 44,989.820 J8.053.U5 9,3.0 11. 965
Franco
31,312,0H7jl5.e5«.S33
30,»9i).331
15,19l).69;
43,599.000 to say, in case the Secretary disburses anything beyond
46,989,000
Germany
AuBt.-Hung'y 5,442.000 15.6S8.000 81,030,000 5,953.000 14,763,000 20,7/3.000
some one of his trust
5.074.000 6,697,000 11,771,000
Netherlands..
6 313 000 8,351,000 )3,6«»,000 that amount he thereby uncovers
.
—
!
I
I
Nat. Belgium.
2,C93000
1.340,000
4,03(»,0!Kl
2,930,000
1,465.000
4,395,0TO
funds unless he reduces disbursing officers' balance.?,
which are now not far from the average, though a few
million dollars above the minimum.
One will see from these statements that past accumuTR-EAS- lations have now been so far reduced tliat the Secretary
has not a very wide margin left with which to purchase
Tot. this week 107,236.165 88,89'S,841 19H.13109- l.tlSlO.83- S7,S32,812 197,673,850
Tot.prev.w'k. 107.243,814)88,769.280 ine.ois..!.;) licl.7.)0.S9:! *7.5<iB,124 198.237.017
THE INFLUENCE AND DRIFT OF
VR Y DISS URSEMENT8.
So far as current monthly receipts are in e.xces-^
purchases must conBut that is a matter we are not discussing now.
tinue.
We were only attempting to indicate the fund available
for relieving the money market in cases of future stringency; such purchases as are made to equalize dissbursements and receipts evidently neither increase nor decrease
bank reserves. It is only an outflow of past accumulaIn April Mr.
tions that adds to the amount afloat.
Windom was able to reduce his total cash holding.-;
$5,728,517; as, however, in the same montli he increased
his deposits in. banks about eight hundred tliou.-^aml
dollars, his holdings in Sub-Treasuries were decrea-sed
It was this fresh money which relieved the
$6,566,084.
pressure in the market the first of April.
Turning next to the silver situation, though there is
nothing disturbing in it, the tendency for the time
being is evidently less favorable than T.t has been. In
In the monthly Treasury statements issued this week
there are two or three points which the public will
closely scrutinize, so as to determine as far as possible
the effect and trend of Government operations. Every
one will ask himself as he looks over these documents
(1) in what amount has the Secretary added to or taken
from the currency afloat during the past month;
(2) how have tlie April receipts, disbursements and
coinage affected the situation as to silver;
(3) to
bonds.
of ordinary disbursements, these
what
extent have the ordinary disbursements aided in producing these results, and how far are they due to bond
purchases.
Through
much
these
facts
one
may
catch a
Government policy, for that
may be changed from month to month, but of the limitations by which tlie Government's future action must
be in some measure controlled.
glimpse not so
of
As to the net disbursements of cash during April, we
know no better way of presenting the i-esults than is
first place, it will be noted above that the Secretary
has not been able since March 1 to increase his certi-
afforded by a comparison of the net holdings of gold,
tenders, &c., on the first of each mouth.
the
silver, legal
To
satisfy an inquiry, we would say that we m,ake the ficates and dollars afloat materially in excess of his
usual division between amounts held in Sub-Treasuries coinage, and if we go further back the results are even
and amount in dcjiositary banks, because whatever is less satisfactory. That is of course no cause for surin banks is already in the channels of commerce; and prise, since the more there are afloat the greater the
though Mr. Windom might buy bonds which, includ- difliculty to put out further issues. On the 1st of Jan-
ing premiums paid, covered the full amount of that uary the net holdings of silver coin and bullion were
its disbursement would not add a dollar of cur- $12,961,311, whereas on May 1 the amount was $21.rency to the money market. That discloses one of the 059,084. As the coinage was in the interval nearly 1 limitations circumscribing the Government's power to million dollars, the accumulations in 1889 have been
give relief in case of stringency.
The comparison of within about 4 millions of the entire coinage. Another
Treasury holdings referred to is as follows,
feature is that for months back silver dollai's have been
item,
I
;
May
4,
185 9.
THE CHRONICLE.
J
Treasury even more rapidly than
would indicate, certificates having
extent
in
their stead.
been got out to some
Thus on the Ist of January there were in the
Treasury !?254,40G,8G9 silver dollars, whereas on
the 1st day of May tho amount in the Treasury
was *-^71,320,743, or an increase of $1G,919,874, against
Puta eoinago during the same period of $11,788,325.
ting tho cliange which has occurred in another form, it
may be stated as follows an increase in the coinage of
lotiirning
to tho
the above
figures
—
<ilver dollars of
$11,788,325, while the total silver dol-
673
were almost equaiiy lieavy, that for January having
been $330,731, and that for February $239,66.5, A« a
result of this uninterrupted improvement the net for
the quarter is over $900,000 greater than for the same
periotl in 1888; in fact the total is over two and a half
times that of last year, being $1,514,396, against $602,-
Of course the road has been greatly favored in
snow and ice this year, and yet
the improvement has come not through a contraction of
988.
the complete absence of
expenses, for these are larger even than last year, when
they were over one-third larger than the year before;
from $60,779,331 on January 1, it has come simply through the extraordinary increase
May 1. These facts do not in gross receipts, the latter being $1,156,682, or abont
warrant any feeling of disturbance, but they show which 40 per cent, above the total for the three months of
way the current is, and indicate therefore that for the 1888. The favorable weather conditions permitted tho
time being the channels of commerce have all of that road to carry over the greater part of this gain in gross
lars
afloat decreased
1889, to $55,647,772 on
One other
description of currency they can absorb.
suggestion seems to be desirable, which
as a gain in net.
It need hardly be said that fixed charges are above
tendency continues, further reductions of the Treasury those for last year, but in the present instance, with the
gain in net so very large, this does not count for much;
cash balance at present are not conservative.
A single other point of interest remains which these in fact, while the addition to the charges is consideraWe refer to the extent of the pay- ble, the increase in net for March alone more than
exhibits disclose.
ments on account of bond purchases during the month. covers the whole amount of the addition for the quaris,
that
if
this
According to tho debt statement there were $6,605,600
the Us and $4,796,900 of the 4s and $4,430 of the
refunding certificates redeemed and paid for in April,
or a total reduction of the interest-bearing debt of
$11,406,930 besides that there was $1,881,753 05 of
premiums paid for these bonds. Altogether, therefore,
the Treasury disbursed $13,288,683 on this account
that is, about 13:J^ millions over and above the ordinary
disbursements.
But the revenue was large during the
of
;
total
withstanding
And although
these precise items did not get into circu-
method
in estimating
of stating the accounts
is
such that
the additions of currency to the channels
of commerce in April the total of these must be included
nnd the exports of gold deducted.
NORTHERN
PACIFIC'S IMPROVING
EARNINGS.
The Northern
Pacific has
earnings are ample enough to
in net results.
In
three months ended with
March always
never expected that the road will earn
So
charges in that period.
it
it
fixed
its
happens that even after
the extraordinary gain the present year, there
deficit.
amount.
But
this
Wo
deficit
is still a
than half the usual
less
is
have prepared the following interesting
statement covering the result of these three months for
the last five years, and from this it appears that the
year
best showing of
makes decidedly the
Thrte Month! ending JlTarchSl.
Korthem
Paciflc.
tS^.
1887.
I
188B.
1886.
'•
»
(
2,127,828 I.S82.686 IpSlSJSS
1,049.067 13l0.8e4|l,2»7,0C8
I
Gross earnings
OperattnK expenses
Net earnings
Aooraed chargea
|4,003,SSl
2,8»«.8a9
19.480,155
2.243.861
I.'iU.SJe
602,888
I.8S7.834
1,687,548
62 i .822 T18.ISS
482.761
1,540.435 1,444.874 I.S9B.0M
1-443.488. -1.064^60 -1.0a6,«74-8W/a8
Beanlt
-vngra
only $443,888, against
Thus the deficiency for 1889 is
over a million in both 1888 and 1887, and over threequarters of a million in 1886 and 1885.
If now we unite these figures with those previously
given for the six months ending December 31, we get
the results for the first nine months of the company's
We have already remarked that for the
fiscal year.
first six
months the improvement
in net
had been very
but with the help of the gain in the March
admit of very heavy quarter, the showing for the nine months is hardly less
The requirerepairs, and yet leave satisfactory than for the three months.
than in the
larger
$800,000
over
a statement covering ments for interest were
It ia
year.
fiscal
previous
the
of
months
31, 1888, we pointed same nine
were
earnings
net
that
find
to
gratifying
had
therefore
receipts
now reached
expenditures for renewals and
large gains
is
;
reserves were only benefitted to the extent of $6,566,084
by these operations, as we have already seen. It should
be' remarked, however, that in what has been said we
have not included the item of new currency made,
either gold or silver.
There were $2,978,000 silver
dollars and $1,550,000 gold coined during April.
its
The
constitute by far the poorest quarter of the year, and
reaching $31,458,799 so that, not- present
these large redemptions, the banks' any.
month, the
lation, the
ter.
a point where
small
;
months ending December
out that in this period, though gross
the six
—the actual gain reached
—the company had devoted
materially increased
nearly
sufficient to
%\ million dollars
almost
and leave a
meet these
interest
trifling balance
requirements in
full,
besides—a condition which
has not existed before since the property has risen to its
for the
and renewals, so that the increase in net earnings was present dimensions. We give below the record
comparatively trifling.
But since the first of January nine months back to 1884.
the whole of the additional earnings to
making
repairs
there has been a decided change in this respect, and
now the gains in net are just as striking, in some cases
.Yln«
Xorthcm raclAc.
18S3-!il<.
«ven more striking, than in the case of the gross.
earotngs
We have been favored this week with the return for the QroM
Operating ezpenias..
month of March,and find that for that month net earnings
Net earnings
improved 8341,112 over the corresponding month last Accrued obarges
year; in other words, the figures stand
at
$747,713 in
1889, against $406,601 in 1888, being an- increase of 84
per cent.
But
for
January and Tebraary the gains
Result.
t
,
I
Montht mdlno 3lairh
1887-88.
*
|
1880.87.
«
I
|
I
1
31.
1884-M.
885 86.
*
*
'
»,470.1«8
&«9.»56
8.442.877
6.B1».4«X|
8,017,288'
4.413.153
4.MB.IM
T871.4il
4.73U>T3;
4,73U>T3;
4.492.887,
4,«a*,80S
4,M*,80S
S,»n,7«4
5,870,098
5,087^,
4,»IW.»4l|
4,494.185
J
ll.e4,0;4
14<}84,4»2
8,763.071
1
8ur.l.3m Df.ao«.73« Df.28».7a4 Df. 191.582
MtMt
Df.TOJBT
Against a deficiency in meeting charges of $302,736
amounts
iu 1887-8, and a deficiency in larger or smaller
.
'IHE CHRONICLE.
674
ia all the preceding years, there
When we
of $1,363.
made
is
for 1888-9 a surplus
say that in this statement no
XL\1II.
[Vr.L.
With reference to the land sales, the company sold in
the nine months from July 1, 1888, 340,204 acres for
income from investments and $1,147,526, and the total sales, including town lots,
which for the twelve months reached $1,313,696. The company now holds $4,673,ending June 30, 1888, reached over half a million 143 in deferred payments on account of laud sales, of
dollars, and that the three months still to come to com- which $915,193 are applicable to the retirement of the
plete the fiscal year form one of the best quarters of the preferred stock, $2,056,779 to the Missouri Division
year, it will be seen how encouraging and satisfactory and Pend d'Oreille Division bonds, and $1,701,171 to
the above showing is.
the general first mortgage bonds.
allowance
is
for
other outside sources,
noted that while the increase in the net for
It will be
the nine months (over the preceding year)
the gross the increase
848, in
is
is
$1,136,-
$3,370,458, showing
that nearly 2i million dollars more were paid out on
expense account ; in a measure the heavier expenses are
DISCRIMINATION BY THE GRAND TRUNK
RAIL WA Y.
The
Inter-State
Commerce law
due to the increased business done and the larger mile-
lines at a disadvantage in
age operated, but in no inconsiderable degree they
reflect also the heavy outlays made for renewals, re-
it
subjects
them
American
places the
two ways.
In the
first
place
from which the
the Grand Trunk is free.
Ia
to a set of restrictions
international traffic of
improve the property and raise it to a the second place, by prohibiting pools, it impairs their
high standard of efficiency.
The growth and develop- power of self-defense.
The trunk-line pool was never satisfactory; but in
ment of the business of this road has been simply marvellous.
A system that can show a gain of 3^ million such a situation as the difference with the Canadian
pairs, etc., to
dollars
in
months,
is
gross
receipts
evidently
in
a single period of nine
making wonderful
But
progress.
at least
furnished a modus vivendt.
Grand Trunk was
alloted a definite share of the
roads presents,
If the
it
This gain follows heavy gains in the competitive traffic, the other roads could view its action
It might make
years preceding, so that if we compare with 1884-5 the with comparatively little concern.
rebates
for
some
of
its
traffic,
or
for
all
of it, without
increase is over six million dollars.
The situation,
But
however, is not difficult to understand. Tlie managers any very marked effect on American interests.
have pursued a very judicious policy in building up the the moment the pool was done away with, the danger
system.
They have added (and are still adding) from such irregularities was vastly increased. Each
new branches and feeders, and they have looked sharply rebate which the Grand Trunk gave might readily
that
is
not
all.
end of the line.
north- Pacific States are growing with great rapid-
after the interests at the Pacific-coast
The
and largely
as the result of the efforts of the parties
with the Northern Pacific property. The
building of the Cascade division is now seen to have
been a wise move, and it is only in the present year
ity,
identified
just so much traffic from American railroads.
Unhampered by the short-haul clause, the Canadian
divert
lines could develop the export trade of
detriment of
New York and
Boston.
Montreal to the
Any agreement
was extremely hard to follow up and enforce.
know, and in some measure to
that the company has been able to operate that division control, the proportion of competitive traffic taken out
to full advantage, the tunnel through the mountains of the United States; it was wholly impossible to know
not having been completed till then, and the previous what was done with it or what rebates were given it
arrangement a switchback over the mountains being after it passed the frontier. Work like that of the
costly to the company and uninviting to the traveling Inter-State Railway Association is difficult at best; the
existence of a national boundary line in the midst of
public.
There is one other point of interest in connection the territory to be covered greatly adds to the embarwith the road's affairs on which we are able to throw rassment.
In attempting to enforce the Inter-State Commerce
light, and that is the condition of its funded debt.
It
appears that since the statement published by us for law the Commission was confronted with an awkward
December 31, there has been no material change. In dilemma. If it did not try to subject the Grand Trunk
—
as to rates
was
It
possible to
—
we are not referring to any of the branch roads, to the requirements of the Act, it left our roads at a
which stand on a separate footing. As compared with severe disadvantage a disadvantage which, according
fie figures given for June 30, 1888, in the last annual to the principles laid down in the Louisville & Nashreport, the principal point of difference is in the addition ville decision, might well relieve them from the obligaIf, on
of a little over two millions to the third mortgage tion of conforming to the short-haul clause.
bonds outstanding, so that allowing for the amount held the other hand, it tried to bring the Grand Trunk
in reserve to redeem the dividend certificates, about the under the control of the Act, the limitations of the
whole of the issue ($1:3,000,000) has been put out. power of the Commission made themselves severely felt.
This increase in the 3d mortgage bonds is of course a Hence, desiring to protect American interests and to
well-known fact, and in part to represent it the company protect them in the line of its past interpretations of the
now has a stock of supplies over three-quarters of a Inter-State Commerce law, it is no wonder that the latter
million dollars larger than on June 30, 1888.
The fol- alternative was chosen. Whether the choice was a wise
this
—
lowing is a comparison of these various items at
ent dates in recent years.
differ-
one experience will determine. It is to be feared that the
attempt to carry it out will involve an amount of trouble
and
Amount
OuUtaiidtiM-
General 1st M. tonds..
General 2d M. bonds...
General Sd M. bonds..
Mo. ft Pend
d'Or. diva.
DlTldendceitiScatea
Total
Preferred stock
Bui p'ps on hnnrt
..
Mar.Sl.'SO Dec. 31, '88 Juneao.-aa Jun«30,'87 Junt 30,'8«
*
41,943,000
1
4e,»43,oao
20.000.000
20,000,000
10,774,000
10,920,000
4,709,000
1,006,500
83,581.8C0
S7,30S,4««
2.:»a.«Ru
*
40,878,000
80,000,000
In a recently-published opinion,
48.878,000
44,028,000
20,(XjO,000
18,857,000
8,593,000
4,863.000
5,191,500
5.351.500
1.874,500
4,640,821
4,840,821
81,608.500
37.488,818
70.710,321
37,446,188
37,786,19)1
a.iai.a:is
1.B72.411J
73.877.321
38,068,310
1,171.276
4,709,000
1,131,500
8:i,.W7,500
difficulty out of proportion to the results
which can
be achieved.
the
Commission
holds Ihat discrimination on shipments from points in
the United States to points in Canada
The whole movement and
a single transaction.
not confined in
A
delivery
is
is
unlawful.
to be regarded as
rebate on the Canadian part
its effects to
that part alone.
We
is
are
Mat
-I,
THE CHRONICLE.
1889.]
not dealing with two transactions in two countries, but
witli one transaction which is partly in tlio United
States,
and which must therefore conform to United
Canada
is
576
intended aa a prelude to more extoiuiT*
authority in America, the inequality
exorcise of such
be increased rather than diminished.
will
States law.
This view of the matter is obviously easier to enun
SA VINOS
IN
JERSEY.
than to enforce. State authorities which have
At the seasion of the New Jersey Leg^ialature which has jtut
tried to regulate inter-State traffic in this way have not adjourned there were two amendments mode to the laws
After much discussion on both sides the conoeming Havings banks the one relates to investments by
succeeded.
Supreme Court two years ago, in the case of The People tlio banks and the other to loans of its deposits. We have reof Illinois vs. Wabash has pronounced against the more ceived copies of each, through the kindness of the Hon. Henry
Secretary of State. The first act passed was enWe admit that the C. Kelsey,
extended view of State powers.
titled " A Supplement to An act concerning savings banks,'
principles involved were different from those in the
"approved April twenty-flrst, one thousand eight hundred
The authority of the individual States <' and seventy-six." This "supplement" is as follows
case before us.
over inter-State traffic is limited by a clause in the
1. Be ft enacted by the Senate and Oeneral Assembly of
the State of Neic Jersey, That it shall be lawful for any savThe authority of the United States over ings
Constitution.
bank in this State to invest its funds in first mortgage
international traffic is limited only by the practical dif- bonds of any railroad company which lias paid dividends of
Yet the distinction may not not less than four per centum per annum regularly, on their
ficulties of enforcing it.
BANKS
NEW
ciate
—
'
:
be so broad as appears at
tion
The
sight.
first
interpreta-
given to the clause in the Constitution limiting
is itself the result of a century of
State rights of control
experience.
It
is
not
based
any preconceived
on
entire capital stock, for a period of not less than five years
next previous to the purchase of such bonds, or in any consolidated mortgage bonds of any such company authorized to be
issued to retire the entire bonded debt of sucli com])an^.
2. A7id be it enacted, That this act shall take effect immediately.
Approved March 27, 1889.
The foregoing is an amendment of the general statute of
ably had very little idea what they were doing when 1876 and is certainly very conservative.
As to the other
they adopted the clause in question but upon the amendment, it has reference, as already stated, to the loan of
actual necessity of avoiding conflicts of authority be- deposits. Tlie amendment is entitled a "supplement" to an
notions of the framers of the Constitution
—who prob-
—
act entitled An act
tween different States. This point is recognized in the
" 'savings banks,' approved April fifth, one thousand eight
It is obSupreme Court decision already alluded to.
"hundred and seventy-eight." This "supplement" is as folvious that the danger of conflict between differ- lows:
ent nations is as great as between different States.
1. Be IT ENACTED by the Senate and General Assembly of the
That section two of the act to which this
The analogy between the two cases is a real one, and State of New Jersey,amended
to read as follows:
is a supplement be
whatever weight the courts may give to it, the practical
2. And be it enacted, That hereafter it shall not be lawful
difficulties in the way of doing anything to enforce the for any saving institution in this State to loan money on dewith the same, or any part thereof, upon notes, bills of
A law try- posit
decision of the Commission are enormous.
exchange or drafts, excepting upon the additional pledge of
ing to prevent a Canadian road from paying a rebate to collateral security or securities, which collateral security or securities shall be of the same nature and character as those in
a Canadian merchant is exposed to the contingency of which the money deposited may be invested, as directed in
proving a dead letter.
the first section of this act, or the capital stocks of national
"
But
this is not the only objection to
for the better security of depositors in
'
State banks, or other corporations of this State, which
now and
have not defaulted in the payment of interest dividends within
the Commis- two years next preceding the time of such loan, and then onlv
the action
Not merely does it look as if
extent of eighty per centum of the market value of such
bark might prove worse than its bite, but is it not to the
collaterals; provided, that the total amount of such loans shall
barking up the wrong tree? Is it not magnifying one not exceed fifteen per centum of the total deposits held by
attempted.
sion's
evil
while losing sight of the greater evils which are such
3.
institution.
And be
enacted. That all acts and parts of acts inconsis-
it
American railroads and American merchants tent herewith be and the same are hereby repealed, and this
take effect immediately.
adversely? Is it worth while for the United States to act shall
Approved April 9, 1889.
talfe all this trouble merely because one merchant in
This statute is also general, and is, as stated, a "supplement"
Hamilton gets 'a rebate while another does not? It to the act of 1878. The only changes, however, this "supplemay, of course, be true that a discrimination between ment" makes to the act of 1878 is m the words which we have
follows—(1) mstead of " eighty
Canadian consignees virtually operates as a discrimina- printed in itahcs. They are as
" per centum," the old law read "ninety per centum;" (2) intion between American shippers.
But we doubt
old law read "par value;" (8)
affecting
whether this
very extensively true.
is
business policy,
it
is
delicate
work
to
As a matter
of
man
a
pay one
rebate for the use and behoof of another.
We
do not
the aggregate amount of American (as
from Canadian) discrimination on shipments to
believe that
distinct
local points in
The thing
Canada
is
very large.
that really hurts
American
interest
facility for practicing.
securities
many
are selling above par, the new "supplement" will in
the
under
possible
were
than
possible
loans
cases make larger
provision as it previously stood.
is
the diversion of through competitive freight which the
Canadian roads have every
stead of "marfcet value," the
instead of "total deposits," the old law read "whole deposits."
of
These, no doubt, are wise changes. Market value instead
But as nearly aU the
\yax value is the true standard for loans.
"in which the money deposited may be invested"'
The
Commission with regard to export rates
bave tended to increase rather than to diminish this
If any real control over the Grand Trunk can
langer.
exercised in this respect, we shall be glad to see it
REVIEW OF PRICES IN APRILSTOCKS,
Ittempted.
We
are
quite willing to see a law point
tretched for the sake of really protecting American
interests.
But in the present action does not the
GOVERNMENT BONDS AND
FOREIGN EXCHANGE.
^decisions of the
The
following table shows the highest «nd lowest
and miscellaneous stocks at the N. Y.
Exchange during the month of April, 1889.
prices of railway
Stock
RAILBOAD ASD MISCBLLASTEOCS STOCKS.
RAILROADS.
&
Susqueh'a.
Atchison Top. *8.Fe.
Atlantic APacltlc...
BoBt.&N. Y.A. L.pr.
Buff. Roch. i Pltiab.
Alliary
Commission seem anxious to assert a nominal control
over the Grand Trunk rather to relieve itself from the
iirer..
Do
reproach of an unequal application of t"he law than to CanadUin Papltlc
Canada Sonthern
If, as we Cedar FmIIs i Min...
relieve American railroads from its effects.
Central of N.Jersey..
<kar, this assertion of more extensive authority in CwitTBl Paclflc
IMK. HlgA.
loC
166
Bailboadr.
Char. Col.
A Aug
SB's
4S^
Cbe8.<kO. Vot.Tr.cert.
?"»
'?•
lt>t|iref.
102
28
68
lOS"*
28
So
49\
52»4
ox's
"^^
2
2
94% 97%
34
36^
,
Do
Du
ClUcago
do
do
A
!d pret
Alton
pref..
Do
Ohio. Burl. * Quincy.
ill
Cblc. AEast
pref..
Do
Chic, MU.i St. Paul.
pref..
Do
Lnv.
46
%*•
16%
17*1
56^ 60>t
30% 33 14
129
162
W\
136
163
98
*l\
43>t
94 >«
62
96H
669*
100\ 105%
....
..
.
..
Railroad?.
136
90
15i«
3534
3058
St
L. (SiPlttsb..
Do
pref..
Chle. St. P. Minn.
O.
Do
pref.
Cin. Ind. S. L. AC...
&
&
Cin.Wa8h.
Do
Railroads.
Low. High.
lOSig 107
& Northwest...
pref..
& Rock Maud..
Do
Chic.
Chic.
91
106
W.&C
8
Do
pref.
&
Do
Do
St.
19
f>9
—
40
I713
2514
8%
8
9^8
8%
9 14
24
35
21
34
3734
37 18
39%
29.38
41i8
245
18%
23
I6I3
173a
8
33i8
IGia
7 12
30%
16
53^
4938
25 14
pref..
pref..
& West ....
& Mississippi...
pref..
Ohio Southern
..
Oregon Short Lino..
Oregon & Traus-Con.
103
54
57%
8414
7213
461a
8214
861a
8934
136%
26 "a
62 13
Oregon R' v & Nav.Co.
85
Pacific Mail
351a
913
21
23
8319
83i«
12
14
39
13
15
Philadelphia Co
Pipe Line Certificat's
Pullman Palace Car.
Do
Rights
Sugar Refineries Co.
I
51%
11513 120
100 1021a
2079 23
42 14 49''8
pref.
75
Si's
Do
78
80
9713
37 14
871a
91'8
17914 194 38
19% 19%
83'8
99 >4
52% Western Union Tel.. 83% 86 ig
30% 8334!
Government bonds sold at the Stock Exchange
I
The range of
In April was as follows:
GOVERNMENT BONDS.
413S, 1891,
reg.
Opening..
Highest..
10<7g
107'9
107-8
4i2«,1891, 4s, 1907,
coup.
reg.
108 14
I2914
10314
1291a
4s, 1907,
coiip.
6«. Cur.,
•98 reg.
6»,
4 891a
4 8913
4 8913
4 8912
4b7
4 87
4R7-ia
4 8713
4 8919
48712
8912-90
8.
8912-90
4 871a
4 87ia-s S91S-90
4 87ii;-8 89i«-90
4b7i2-8 «9l3 90
4 87 V8 8913-90:
13...
14...
15...
16...
17...
IS...
19-..
20...
21...
22...
23...
24...
4 87I2-8 8912-90 25.... 4 8712-8
8.
26.... 4 8712-8
4b7'«-8 V'gis-bo 27.... 4 87i«-8
4 8712-8 89 '2-90 28....
S.
4 8713-8 8912-00 29.... 487I3-8
1 8712-8 8912-90 30...
II.
43713-3 '89V-90;
4 8712-8 89i«90|
4 8714-8 8913-90I
SOVilO
8912-90
8912-90
Inter'i
Issue.
P'y'ble
Amount
4
87
4 90
4 8912
4
871a
4 89ifl
Stglatered.
Outstanattig.
Coupon.
1891.
is
1907.
Q.-M.
Q.-J.
«areMg.certfs. y.-J.
8a,peDaion .. J.tJ.
Paolflo KKa... J.* J.
Int. I>ue
Accrued
^Unpaid.
Interest.
Aggregate
232.291
«
l,I14,0a6
2,251,473
120.700
14,000,000
48,316
402
•64,623,512
•64,623,612
26,249
1,292,470
762,698.812 lg6.S09,nOO
9as,628.«02
20,366,800
97,448,300
148,61?,200
070,342.100
8,375,934-
6,,gie,83»
$759, i88,704
Interest.
Tbtai.
%
803,628,802
»
6,547,318
1,931,765
155,178
2,086,831
750,-88,754
6,702.494
1,672,051,607
.
$
910.175,02<>
Total debt
1,665,349,112
Less cash Items available for reduction of the.debt ...$414,760,0^8
Less reserve held for redemption of U. S. notes... .. 100,000,000
$514,760,02S
Total debt, less available cash Items
Set cash in the Treasury
1,157,282,87*
Debt, less cash In the Treasury, May 1,1889
Debt, less cash in the Treasury, April 1, 1889
1,101.605,428
55,677,15»
1,114,683,662
Decrease of debt during the moruh
Decrease of debt since June 30, 888
13,078,23*
83,9;9,22S
PACIFIC RAILROADS.
Int. repaid
Interest
Name
Principal
Out-
stanUng.
accrued
and not
vet paid.
Kan.
Pacific.! 6.3''3,0C0
Unl'n Paeiflo 27,236,512
Cen.Br. U.P. 1,800,000
West. Paclflo
Sloni C. & P. 1,628,330
1,970,660
Totals
.
64,623,512
by Companies.
Interest
By
paid by
(he V. S.
Transportation
Service.
t
$
517,702 31,994,644
126,0601 8,209,323
644,730 33,945,898
32,0001 2,077,808
89,411; 2,318,633
32,566] 2,001,643
Cen. Paclflo. 25,885,120
1,292,470 8il.547.862
paidby
m'ts: 5p.c.
net earninrjs. the V. S.
$
t
5,819,348
068,283
3,879,621
11,931,174
438,409
873,485
9,367
160,602
21,963,509
Balance
pay- of Interest
By cash
1,103.619
25,517,013
4,529,801
21,586,31&
1,697,385
2,309,166
1,851,040
157,490.723
The
sinking funds held ($10,545,630 bonds and $63,124 cash) $10,508,774, of
which $3,178,963 was on account of Central Paclflo and $7,419,811 on account of
Dnion
Pacltlc.
IMPORTS AXD EXPORTS FOR MARCH.
The Bureau of Statistics has issued its detailed statement of
the foreign commerce of the country for tlio montli of March,
1889 and 1888, and for the nine and twelve months ending
March 31, 1889, and 1888, as follows:
MERCHANDISE.
For the
month of
March.
140,000
4,801.413
For the 9
For the li
Months ended itonths endei
March'31.
March 31.
'
I
?67,88fi,196 $674,427,055 «71 1,902,972
11.854,866
1,228,162
8,772,618
$69,114,358 .f583,l!i9,673 ,t.723,757,83S
66,281, 032 549,322,969 733,.j31,195
Excess of exports over imports $2,833,326 $33,876,704
$9,773,357
Excess of Imports over exports
$49,301,272 $546,386,187 $6^]. 5 12,406
1883.— Exports— Domestic
12,616,409
9,010,1.'-.5|
1,448,15';
Foreign
$50,749,429 $555,396,342 $691,158,815
Total
63,041,249 539,74f.888 723,228,144
Imports
$15,647,454
Excess of exports over Imports
$29,069.329
over
of
imports
exports
$12,291,820
Excess
Foreign
Total
Imports
'-
GOLD AND SILVER— COIN AND BULLION.
Excef 8 of exports over imports
$2,846,935
1,545,649
$4,392,584
$1,760,0S0
726,123
$2,486,153
$6,878,737
$680,359
1,432,437
$2,112,790
$4,765,941
1888.— Exports— Gold— Uom...
$4'85,49'6
Foreign
Total
Silver- Dom. .
Foreign
Total
1,628,020
$2,113,510
$1,960,010
364,756
$2,325,366
$4,433,876
$2,270,840
1,049,511
$3,320,351
$1,118,525
Foreign
Total
SUvei^Dora
Foreign.
Total
Imports— Gold
SUver
1889.
1,1311,048
119,176,100
578,k90,i»0O
has ceased.
1889.-Export8— Gold- Uom...
Last
29,
1,939,203
750,183,!54
4 8912
t
IHb
Int.
89I2-9O
The following is the official statement of the public debt at
the close of business April 29, 1889.
INTERKST-BKARING DBBT.
Character oj
Debt on -which
1889.— Exports— Domes tie
Low-
DEBT STATEMEXT APRIL
J,614,78B
15,293,873
.
Principal.
1
First 4 87
Higii 4 88
1,580,000
20.783.433268.391,033
3.461,830-
RKCAPITCLATION.
132
4 87I2-8 8912-9
4 8712-8 8912-90
S.
110,000157,398,222
Aggregate of debt bearing no Interest
•132
*132
*131
are given below, it being understood tha'.
rates are usually a fraction below the prices i^osted:
BAKKERS' 8TEBLIHO EXCHANGE (POSTED BATES) FOE APRIL, 1889.
60
De60
De60
DeApr.
Apr.
days.
mand. A2>r. days. mand.
days.
mand.
4 87
14,690,000
Less amount held In Treasurer's cash
Qold certiflcates
Less amount held in Treasurer's cash
surer certiflcates
Less amount held In Treasurer's cash
B'ractional currency
,
Less amount estimated as lost or destroyed,.
Cur
April
bankers' actual
1....
a....
3....
4....
5....
6....
7....
8....
a....
10....
11....
12....
Certiflcates of deposit
'99 reg
12913
X128-8
"130
129
108 14
129
*129
12^%
107''9
108 14
129
*129ia
1291a
* Prices bid— no sales during the month.
The daily posted rates for sterling exchange in
liOwest. ..
Closing...
$58,807
3,681,018
74
85
65
131
59%
8I2
Ind.-
Consolidated Gas Co.
Cousol'd Elec. Lighr,.
Del. & Hudson Canal.
Equitible Gas Co
N. Y. Mutual Gas ...
National Lead Trust.
Oregonlmprov. Co..
Amount.
Old demand notes
Legal-tender notes
of Hailvmy.
CItizen.s'G.-L .llk'lyn
4419
215ia
DEBT BEARINO NO INTEREST.
41-8
93
71% Chicago Gas Trust...
67
Northern PaciUc
Louis
7I2
pref.
pref..
St.
113
115
80 34 85%
138
14012
25
2733
Aggregate of debt on which interest has ceased since maturity Is $1,931,75
and unpaid thereon, $158,176. This debt consists o£ a number of
Items of which the principal amounts are called bonds.
64% 67%
Marshall Cou. Coal..
New Ceutral
N. Y. & Perry C. & I.
Ontario Silver Min..
Quicksilver Mining.
;
Interest due
28I3
25-%
I718
Do
;
DEBT ON WHICH INTKRBST HAS CBASBD SINCB MAT0RITT.
62%
91
95% Tenn. Coal & Iron
1 06 13 103 14
Do
pref.
I8I4
17
70
71
Various.
40
42 >« Am.Cotton Oil Trust.
Ill
1 1 2 ki Anier. Tel. &Cal)lo...
& Western...
Omaha &
& Co....
;
33
33
148 13 14S12
I5I8
13
Coal and Mining.
Cameron Iron & Coal.
513
I.tO
.
Do
28I4
738
Y. &North'n,picf.
Y. Ont. & West. . .
Y. Susq. & West.
Ohio
Ohio
52
32
634
Do
pref..
Y. ifeNewEuKlaurt
Y.N.H. ifellarlford
Do
19%
5034
I49I3 15012
United States
88I2
IQis
15012
Do
....
L.
Fargo
15
26
87
Consolidation
112 '8 Homestake Mining...
8134
71%
Do
pf.
& Pac....
Do
pref..
Wlieeling & L. E., pf.
Wells,
23
22
1814
34%
9=8
Norfolk
3
30
65 12
.
3
211a
3OI3
Missouri Pacilic
Mobile & Ohio
Morris & Essex
Istpf.
88
101
21
I318
Do
Wanen
St.
34I3
841a
31
5918
Virginia Midland
Wab.
112
Colorado Coal & Iron
Cohun. & Hock. Coal.
13
Do
2d pref.
N. Y. Lack. & West.
N. Y. Lake Erie & W.
Ohio Cent.,
2438
XLVni,
[Vol.
45
29%
Utah Central
Union Pacific
14
5
13
Nash. Chatt. & St. L.
N. Y. Cent. & Hud. R
K. Y. Chic. & St. Louis
&
Tol.
70
80
107
801a
x92
& Pacilic
Do
Land Trust
Tol. Ann A. & No. M.
89i«
ll^'s
N.
N.
N.
N.
N.
;
.
' $3,362,000 matures Jan. 16, 1893;
1640,000 Not. I, 189S; average date of
maturity, March 19, 1895
$3,880,000 Jan. 1, 1866, $4,320,000 Feb. 1, 1896
average date of maturity, Jan. 18, 1896 $9,712,000 Jan. 1, 1887 $29,9(«,952 Jan.
1, 1898; $14,004,660 Jan. 1. 1899.
100%
x60%
Texas
7I2
11
89
59
prof..
17
27
19
54
106
pref..
American
Mo. Kans. & Texas...
Do
Do
42
7^8
Do
Memphis*
180%
9I3
Paul. &Duluth...
Paul Minn, ik Man.
South Carolina
Southeru Paeiflo Co,
St.
9514 10034
4I9
4I2
Righls.
pref.
Charles..
Michigan Ceutral ...
Milw. L. Sh. &. West-.
Do
pref.
Minneapolis & St. L..
I714
55ifl
pref..
1st pref..
U3H 95
Express.
6138 68% Adams
Manhattan Beach ...
Mar. Hou^h. & On...
18
3812
8
lOOTg 10373
LouisT.N.Alb.&Ch..
Manhattan, consol...
Do
1713
321a
&
Tox.
St. Louis Ark.
S. Francisco.
St. L.
8
2713
28
& West'n.
I/ako Shore
Long Island
Louisville & Nashv..
150
148
.
.
Xiake Erie
241b
46I4
34
Renns. & Saratoga... 180
94% Richmond & All., rec. 16
Richmond & West Pt.
24 '8
34
Do
pref.
78
1% Rome Water & Oird.. 9313
44
707e St. L. Alton & T. n.
1
pref..
2313
43i«
10958
67
155 158
24 14
Col. Hoclc. Val.&Tol.
16
2812
Col. & Greenv,, pref.
28
Del. Lack. & We-stern xl34i% 137%
15''8
Den. & Rio Graiulo.
1714
42ia 47
Do
pref..
12i4 I6I4
Denv. & Rio Gr. W..
Den. T. A Ft. W., eerf.
20% 23%
958
E.Tenn.Va. & Ga. Ry.
9
6834 69
Do
1st pref.
22I4
Do
2d pref.
20
93I2
Evansr. & Terre H..
93
9534 95%
Flint it Pore M., pref.
6I3
OreenB.Wln.&St.P..
7
III4
Hous. ife Texas Cent.
8
Illinois Central
109 113%
Iowa Central
Low. High.
E'tIIIc.
Phila. & Read, certs.
Pittsb.F.
guar.
Pltt.sburg & Wefcterh.
Do
pref..
1738
38!^
Bait
pref.
&
Peo. Decat.
139
94 14
Clev.Col.Cin. &Ind..
Cleve. & Pitts, puar.
Do
.
THE CHRONICLE.
576
Chic.
1
.
.
Total
Total exports.........
8U*er
Total
Excess of imports over exports
$23,371,651
$32,964,639
1,><28.713
4,224,'-62
$25,200,364
$18,263,215
7,072,989
$25,336,201
$50,536,568
$9,436,863
12,523,546
$21,960,409
$28,576,159
$37,189,501
$23,109,094
7,a40,23a
$2,907,096
3,420,00!
$6,387,097
$15,789,541
6,296,791
$22,036,332
S2S.473.429
$42,573,701
12,661,119
$55,234,823
$4,liJ6,512
4,601,416
$8,797,928
$21,034,940
7,370,893
$28,405,833
$37,203,761
$44,312,174
16,444,701
$60,766,875
$26,765 ,-94
$23,553,114
$30,949,330
$68,138,831
$10,797,476
15,266,096
$26,063,572
$42,075,25{>
1
.
Mat
..
.
.
THE CHRONICLE.
4, IS&O.]
TOTAL KBBCUAWDiaB AND
OOlIf
Forihe
monlh of
AHD BrLLIOK.
For
tht
March 31.
March
Imports
371,283.37H
$62,132,8U3
68.393,828
$7,099,207
AsetU and
LlabUltlss.
AsstU and
UabUUIts.
100,000,000
iOOJMOJMt
notoaof Nat. Banks
88,313,878
PlTe p. 0. Tnd for redemp.
88.4S).446
31.
$72,493,iai|«(310,06 1.921 $707,976,705
I7,674,3Jil
3.49».934
23,019.964
«75,993,0U5 $633,7Sti,vi4 *7«l,896.66!t
Total
J7S0,."li)J,767
Rm'tb forred. U.S.notM.
Kund ticid for redamp. of
Bank
of Nat.
8.844.1118
nodeinp.res'r.(Z>laMIi(v) ias,7<3,784
t8S.780.aM
NaUonal banks
Currency and minor eoln
redemption aooount. . .
IMPORTS AND EXPORTS BV PRINCIPAL CdSTOMS DISTRICTS.
demption aooount
Redemption and exch*tfe
Nat. Bank notes In prnoesa of redemp. .( Am«(
Natrw'rTes.(I.<<iMlUitl
Post OIBce dep't aoooont.
Olibtin'B Oflloera'bal'oea.
Undlatrlb'd aai'u of f all'd
8,820,496
I
.
TttlCTS AXU
I'OKTS.
Buffal.jCk,.N.V
Champl'ii, N. V
.'hurleat'D. S.C
'ilciuoi.Ili....
i>otro!t.
C*
Mich,
Duiuth. Minn.
Oalvest'n. Tex
Iniporf*,
Exports.
t
1.417.088
5.474 .«as
6.0711.14(1
5,913,1.")7
(47.450
247.413
W8.1V3
1.081.815
ST'y'.eiis
45,730
799,086
71,81)1
72.918
Mobile. Aid...
NowOrl'ns.La
Nla»r:ira.
N.V..
Norfiilk. Va...
4ti..'i35
205. ««
2,030
Mllwkee.Wls.
Kew York.N.Y
10,310.211
47,179.746
6.630,740
2,423,9/1
818,262
310
3.541
970.185
»4.70l
505.523
9.727.187
4a,45!l.0(i8 JW.45C1.203
410.587
t 4,4f8
Oregon. Orejr.
0»weKa'ie,N.Y
OsweKu. N.Y..
51.705
172.080
Phllatlera, Pa.
4,321.3:'6
1.247.676
133.582
73.578
MarchSl.
1888.
t
.S5.22a
9 monttu enAina
31.
1889.
612.928
10.746.291
1,800,744
l£tO,79a
Mlnu's'a.Miun
KZPORTS.
9 nuintii$ endinq
March
Baltlmore.Md.
Boston, Mh^s.
incinnati,
1889.
2,43,-l,704
1888.
*
t
8,664,719
46,154,908
6,310.411
2,910.773
354,913
10.283,121
1.887.17?
2,280,726
.?9.223.!
49.4d'1.718
.sf^.oeo
1.214.986
12.796.913
1,230,333
4,C9'3.S«J
86.405.848
42,064.820
383,344
1,197.281
H.:!88.40'.i
1,162,807
2.869,6"56
57,388
126,3911
887,739
2.481,.5!)ii
626.975
664,965 15,222,077 15,484,816
685.371
493,301
74S.885
1,408,158
825.722
5».>I,7SI0
106.923
50,337
2,333,534
8.315,813
8,255,290 70.888.604 61.648.699
0.243,746
S5l,333,0»0 .154.415,697 840.531.864 238.653.159
8,624,688
3,820,0451
+34.161
+43.363
8S.206 13,270.093 ll,h81.»Hfl
177,017
2.6I4I
112.837
1.519.437
1,16:1.009
1.580,480
1.922,43)
l,07f',075
1,355.1-89
4,293,973!
8,458,838
1,451.570
1.399.205
33,659,987 29,661,999 22,614.316 22.9.13,296
463.917
772,231
2,519.108
1,829,637
SI,
m
BoiaiMM.
8.717316
tm.mvn»
16S.&03.«ki
" 3,065,0 »
4.T07,«n?
2V,814.1»0
84.«I».''8I
l.8:(>.67»
800
410
1,180
8,110
fractional sllTer coin re-
aooonnt
IHPOBTS.
March,
ttnlaneM,
6,810.406
Dot«l.
Excess of t'xiiorts over Imports
$32130 1,902
Excess of iinportH over exports
1888.— Export*— Domestlo
$51,747,372 9565,142,824 $:06,773,S58
Foreign
3,440,933
lt>,726,947
24,588.718
TottU
»«i!S, 188.30ft •588,869.771 $731.31)2,576
Imports
(iO.aO 1,600 594,983,711 783,985.019
Excess of exports over iniporta
Excess of Importa over exports *11, 173,295 $11,113,940 $52,622,443
OrSTOHS Dis-
MAMca
APBii. M. im>.
Forihe 12
ilonlhtended Honlht enaed
ilareh
1899.— ExpolU— DouicsUo
Foreign
677
611,603
Treasurer's tranal'roh'ka
and drafts ontBtandlnir.
Treasurer U. 8.. a^ent for
payinx Int. on D.CoI.bds
4.663.76!
Total
(L(<iwm»)
lnt.on D.CoI.bds pd iAssel)
Net
3,980.487
71.608
88387
42.107.230
46,913,017
10,602
1.633
ILIabUUvi
Balance!.. (Ijlabllltr:
Net balance
—
(Aasetl
Assets not available
Minor coin
—
.
.
4S,l06.&ir;
4B,S38,SU
i3a.9ee.»!i»
949. 9taaa>
33.077,130
aT.oeo,3*T
823.907
84.975,667
28S.880
84,981,004
80,876.624
7».iaajma
1
1
Subsidiary silver coin.
AKfrresate net.ilwet
.
[From COT own oorrespondent.!
London, Saturday, AprU
,
The Directors
Bank
20, 1889.
England on Thursday lowered
Portland. Me..
06.253
478,74:
St. Li.als.Mo."
their rate of discount from 3 per cent to 21^ per cent, and in
214 872
2,103.817
2.188.551
8an Fran., Cal. 4,876.321 2.0 18.706 83,878,519 32.489.083
30.663.435 22,700.008
consequence the joint stock and private banks, as well as the
Bavannah, Ga.
57.W3? 1.495.050]
361.446:
230.743 10.361.409 19.613,405
Vermont. Vt..
612.870
131.553!
5,242. 170!
4.782,582
1,277.331
1.12S.0U
discount houses, reduced the rates they allow upon deposits to
Wlllamette.Or
240.?; 4
S0U.484
1.0.«).2"4
333,742
4.101.497]
3.470.796
WIlml'g'n.N.C
13,926
86,195
151.761
128.975
5.149.533
6,551,426
one per cent. The expectation now is that money will conrorktown, Va.
tinue
cheap throughout the summer. During the three weeks
Totals,
(incjadlng all
ended Wednesday night over 1J4 millions sterling in gold was
Oth'r Plats.) 66.881.032 69.1 U.S58 649.822.969 539,748.888
S83.199.6-3'555 .396.342
sent into the Bank of England, and more is expected. This
Bemalnlngln warehouse March 31, 1888
$33.990 329
BemamiBg in warehouse March 31, 1889
30,147,214 accession of strength has changed the general opinion which
" Interior porta to which
merchandise can bo transported without previously was that, owing to the improvement in trade, the
•ppriii.sement, under act of Jane 10, 1880.
Incomplete ill the absence of law providing the means of collecting coin circulation would be so largely increased towards the end
we statistics of exports to adjacent foreign territory br railroad oars
of this month that the reserve of the Bank of England would
ana other laud vehicles'
be considerably reduced, and the value of money in London
would consequently be raised. This is not now feared. Withi'JSir£D STATES
STATEMENT. drawals of gold have not only ceased for the time, but, as
The following statement for 'April from the office of said above, a considerable amount has been received within
the Treasurer was issue! this week. It is based upon the the past three weeks.
Whether the present opinion is more correct than that which
actual returns from Assistant Treasurers, depositaries and
superintendents of mints and assay offices, and shows the it has supplanted remains to be seen. Unquestionably, trade
condition of the United States Treasury April 30 we give is improving very satisfactorily and the coin circulation of the
country has expanded. Moreover at the end of this month a
the figures for March 31 for comparison
large amount of gold will have to be sent from London to
ApiiiL 30, 1889.
Scotland because of the increase in the note circulation there
MARCH 31, 1869.
wliich always takes place at the beginning of May, and it is
2,532.849
of the
of
i
'
TREASURY
;
:
Assets
and
Balances.
LiaWities.
t
233.591,115
94,612,786
Gold— Coin
Bullion
t
Cert
iflc's,
on hand
in treasury.
197,874,422
28'7,«89,T76
Total silver
( Asset) 275,99'<,287
Certiflcates Isau^ .7;. 258,391,033
Certiflcates on hand
3,451,8^0
272.001,307
258.023.915
1.78».286
Certlflc'8.net.(L<rtl>«ieu) 254,039,20*
Net silver in treas'y
4,718,131
net.(L(ai«(]/)
treas
dollar bullion. .
610,000
14.450,000
48,660,816
85,051,281
6.083.588
836,458
47,838.248
•,t91.63S.079
lt«7,S18,319
«3.770,187
6,083438
486^
,^_Bnlance«..,,fA«iiet>
«fBi,ic Debt and Ixt.-
Intert on matured debt
Itit. prepaid not
accr'd
"Obt bearins no Inter'st
Int. on Pnc. BR.
bonds
due. unpaid
Aocdint.,Pae. KR.b'd!
"siHboi.iii
14.960.000
14,580,000
national Bank notes
I>«»0.1U InNal. Banki::
Jnterest due. unpaid....
Accrued Interest
Matured debt..
20.740,628
M43,eia
1,719.635
S,503.»43
1.931.755
153.177
7.4W.44n
1,941,246
166,030
786
W8
28,230
1,592,470
87,510
969,353
"obtandint.fLlaMHtu)
cnr'cy redeemed
f ™« J
V.
9. bonds and inle'st.
8,635,0:16
13,037,901
Debt and inter'st.M»««t)
282,992
int.chcka Acoupons p'd
*eu, Jk coup. Int. prep'd
I>'bt4lnt.net(LiaWlit»)
.
786
708
43.360
236.816
9,940
64.192
though
is
again,
Paris,
Tlie value of
and
is
quite as
it is
nearly a million sterling larger than it was
is still very small compared with the
demands that may come upon it.
The silver market continues quite featureless. There is but
a slight demand for India, and there is little demand for any
other country; at the same time the supply is not large and
the market, therefore, remains quiet, though the tendency is
rather downward.
Tlie stock markets have been very quiet this week. The
Stock Exchange is closed from Thursday afternoon till Tuesday morning, and therefore operators have been unwilling to
enter into new enga,?em.'nt3 ; but the markets nevertheless
have been very firm. It is hoped that money will continue
that large numbers of new Issues are
expected, therefore, that the great powers
will preserve peace to insure the success of the loans they are
negotiating, or are about to negotiate, and that the great financial houses will continue to support the markets. Trade, too.
cheap.
11,987.064
London
at this time last year,
coming
70,840
8,362,044
in
low as In Berlin. It is understood that there is still a balance
due on account of various issues from this country to South
America, and it is certain tliat the numerous South African
gold-mining companies which have been brought out here
this year make it jx)ssible for. those companies to send more
gold to South Africa. If a demand for gold should spring up
anywhere abroad there would certainly be a quick rise in the
value of money here, for the stock held by the Bank of England,
251.263.879
81.039,061
r„ .'i^' n"'es....(/lMrt) S,350,'l37
Certiflcates
Issued
14,690,000
Certiflcates on hand....
110,000
^^f'^.f'Net tj.s.notesin
^
Trade
«
may begin
now lower than in
possible that gold exports
money
128,826,617
191,389.112
271,326.713
4,671,544
Bullion
BaHncis.
326,700.939
133,412.612
26,580.l«5
20,783,433
net.(t(iiW!t(K) 136,014,789
Net gold
and
t
231,903,742
94,793,197
Total Kold
(Autt) 328,203,901
Cert iBoates Issued
15i.39H.222
Certiflcates
Assets
UatHUtles.
It is
out.
known
It is
:
I
THE CHRONICLE,
578
is Bteadily improving, and the Paris Exhibition is likely to
increase the passenger traffics of railways both upon the Continent and in this country. For all these reasons it is anticipated that the upward movement which has been so marked
for some weeks past wiU begin again as soon as the holidays
[Vou XL\ in.
from which he anticipates
The three proposals are estimated to
give him £2,100,000, which will show an estimated surplus of £183,000. The Chancellor of the Exchequer stated
that the revenue from indirect taxation has been falling
and
to increase slightly the beer tax,
another £300,000.
j
are over. Consequently operators are afraid to sell what they during the past five years at the rate of nearly one per ceui
do not possess; and this' week, notwithstanding the absence per annum, while the revenue from direct taxation has been
of new business, quotations have been very well maintained. increasing at the rate of one per cent per annum, and the
Indeed, there has been a rise in the bonds of one or two foreign stamj) duties alone have been increasing at the rate of about
governments, and in a few English railway stocks. In the 3 per cent per annum. Ever since 1873-4 the revenue from
American market there is still an indisposition on the part of wines, spirits and beer has been declining owing to more temthe public to buy shares, but a good investment business is perate habits, and although trade is decidedly better now than
being done in bonds. The belief is becoming more general it has been for some time past, employment is ample and
that the speculative movement will extend to American rail- wages are rising, there is no appearance of an increase in the
way shares by and by, provided crop prospects in the United consumption of spirituous liquors. Even the consumption oi
States are favorable, and that there are no more unpleasant tobacco and tea does not increase as in former periods of growdisclosures.
But operators here are rather unwilling for the ing prosperity, which the experts say is due to the fact,
present to speculate much, as they are not quite satisfied of firstly, that a stronger kind of tobacco is now being generally
the course which may be adopted by operators in New York. used and, consequently, that a smaller quantity goes further,
For the time being the market for copper-mining shares is and, secondly, that India tea is rapidly supplanting China tea
nearly neglected. Negotiations are still going on between the in this market, and, being very much stronger, the same quangreat houses in Paris and London which hold copper warrants tity yields a larger number of cups of the beverage.
and the representatives of the mining companies. As yet
The Chancellor of the Exchequer was expected to have stated
there appears to be little prospect of an agreement. Indeed, on Monday evening how he proposes to deal with our light gold
the prospect is less favorable than it was a week ago, and there coinage, but he did not do so on the ground that the matter is
are reports that the mining companies themselves are quarrel- of such importance as to require to be treated in a separate
ling, and that some of them are strongly inclined to break oflf bill.
There is a general impression that the Chancellor
the negotiations altogether.
Copper, therefore, is steadily intends to propose the issue of small notes based upon silf allin g, but there is little bear selling of copper-mining shares,
ver.
But the few words he let fall on Monday evening in
although it is felt that if the price of copper goes lower, min- regard to the matter have raised doubts as to whether the iming shares must also decline. Still there is a fear on the part pression is correct. Observing that he was expected to cheapof smaller speculators of what the great houses might do if a en money and set free a considerable amoimt of gold, he
large short interest were created.
wished to say in the most emphatic manner that, whatever
It is reported that some of the leading firms in London, proposals he may make, he would be most relVtctant to weaken
Paris and Berlin have concluded an arrangement with the the reserve of gold to any appreciable extent. At the same
Spanish Government for bringing out a new loan amounting time he remarked that, while admitting the State was bound
to 82 millions sterling. It is said that the issuing houses have to maintain the gold currency, he did not think the cost should
taken 5 millions firm, and have got an option for the remainder be thrown upon the taxpayer, and that the Government wa^
at a price very much below the issue price it is said as much entitled to inquire whether it is in receipt of its fan- share of
as 35 per cent below. In preparation for the loan the price of the profits of paper currency. From this it seems clear that the
the existing Spanish bonds has been pushed up this week. plan will in some way or other deal with the note circulation.
But it is a little surprising that great houses should commit
There has been a marked rise this week in the price of
themselves to such an undertaking. The finances of Spain sugar. The long-continued cheapness of the article has stimare in the most hopeless disorder. The present Finance Minis- ulated consumption and has checked production, and conseter, when he took office a few months ago, declared in a circular quently the visible supply has greatly diminished.
But probthat the budgets of Spain had never been balanced, and where ably also the sugar convention has contributed largely to the
they appear to have been so it was only because national advance. The sugar refiners on the Continent are naturally
property had been sold or loans had been privately negotiated. opposed to the convention. And tbey are accused of having
During the five years ended with June last the annual deficits entered into a combination to
up the price of sugar so as
amounted together to nearly 17 millions sterling, and to bring home to British consumers the conviction that the
there will be another large deficit this year. In addition there
gieatly the
effect of the convention will be to increase very
is a floating debt of about 7 millions sterling, and it is underAlready there is a strong opposition to the
cost of the article.
stood that over and above all this, advances have been made to convention wliich will tend imquestionably to make sugar
the Government by the Bank of Spain and the tobacco regime- deal-er to the English consumer. If the present rise contmues,
The condition of the country is unfavorable. The yield of that opposition will be greatly strengthened and the conventhe taxes is falling off, trade is depressed, and there is much
tion may be defeated.
discontent. It appears clear, therefore, that Spain is not able
The wheat market continues without animation. The supto pay her way, and that before very long she will have to
pUes from abroad are immense, and the beUef is very genera
make a new compromise with her creditors. And yet in the that all that may be re<iuired will be obtamed without any
face of all these notorious facts, it is claimed that leading material advance in prices.
houses are about to invite the European public to lend Spain
The following shows the position of the Bank of England;
between 30 and 40 millions sterUng.
IbOS.
1»9
The Chancellor of the Exchequer's budget statement ou
£
£
Monday atternoon has been favorably received. During the
24.566,535 24.133,650
Olronlatlon
year ended with 5tarch last he received an actual surplus of
7.('27,8<)0
9.444.015
PabUo depoBttB
84,708,000 25,091.71
revenue over expenditure of more than 2% millions sterhng, Other deposit!
17,749,712
16,950,948
seotirltleB
by means of which he is able to defray all the expenses of the aoTemment
—
nm
M
^
conversion. Incidentally the Chancellor of the Exchequer
stated that during the past two years 15 millions sterling have
been applied to the reduction of debt, and that the whole
debt of the United Kingdom now is a little under 700 millions
sterling, being lower than it has been for eighty years.
For
the new year, on the basis of existing taxation, the Chancellor
of the Exchequer estimated the revenue at £85,050,000, while
he estimated the expenditure at £86,967,000, showing a deficit
of £1,917,000. To cover this he proposes to apply towards
discharging the current liabilities of the year the million
sterling which is saved this year in consequence of conversion,
to impose a duty of 1 per cent upon all estates passing at
death, of the value of £10,000 and upwards, from which, by
making evasions more difficult, he expects to get £500,000,
Other seoaritleB
aegerve of notes and coin.
Coin and hnlUon
Prop, assets to llahlMttes....
Bank rate
Oonsols
Cleartng-Honse return
22,158.780
19,554,627
13,984,7541
13.582,325
22,351,289
21,495,975
40K
2^ p.
40>J
0.
2 P.O.
lOlH
lOOJi
184,623,000,163,93^,000 140,8'.2.0,
xhe following shows the imports of cereal products into the
United Kingdom during the thuty-three weeks of the season
WTieat
Barley
Oats...
Peas
Indian 'corn.'."
Flour
IMPORTS.
1887-8.
28,628,887
11,802,250
9,439.135
2,141,379
1,748,467
2,225.963
13,865.621
17,824.212
9,'i70,298 12,598,022
1888-9.
owt. 38.088,901
l:<,39e,785
9,551. :i63
1,294,111
.
,
'.
1886-7.
lS8.5-«.
32.404,173
11,582,020
3o.li25.069
8,815, ;ur.
C.OO,<,611
l.:t61,051
1,572,976
l,,597,50Hi
17,598.286
11,255,378
7.938.819
2.017,523
18,221.502
S,652,68»
'
May
:
H
:
,
..
—
..
..
THE CHRONICLE.
4, 1889.
Suppli(« of wheat available for coDaumption (aixclusive ot
stocks on September
1):
1887-8.
188S-9.
1886-7.
188.Ve.
Imperttof wheat.cwt. 38,8'i8,961 28.528.Sf)7 32,404,173 30,625,060
9,270,'«iH 12,598.022 11.2.'S.\378
nnaorts of Hour
8.n5'.',880
•ties of houie-^rrown. 2i.406.170 27,455.326 22,709.701 29.420,208
679
OoiMAOB BY United Statkb Uirtb.— The followiiiK •ut*'
ment, kindly furniiihod ub by the Olreotor of the BUnt. ihowt
the coinage at the Mintn of the Uoited Stated daring the month
of April, and the four montha of 1880.
rour Mmtht of 1889.
JiprU.
ToUl..
.72,565,420
68.982,235
1887-8.
3d.
wheat ......week. 398. lid. 308.
eason. Sla. 5d. 308.
Arer. price wbemt
2d.
Sd.
SOU. 101.
30*. 5d
7d.
Uon.
Sat.
Silver, per oz
d. 42Si«
42 >3
Oonsolii, now 2^ i<erot8. gsag
989i8
98li,« 1*8=8
do
for ttt'-coiiiit
BVch reiitea (lu Parts) fr. 87CK) 86-.95
8, 4iii8 0f 1891
8. 4« of 1907
D.
D.
OanadUu
llOi<
I3214
29=8
II6I4
56^8
231*
IIOI4
421,8
98<,fl
9811,,.
9a «8
87-471* 87-65
132>«
54>4
67 1«
2908
116»4
54
67
Paul.... 66 5t
Erie couimoii stook
29><
nilnoU Central
116
Penngylvanla
5639
PhUa(lt<li>bla Ji Keading. 22'9
New York Central
logo's
St.
421,8
421,
m.
TAur*.
98»,«
llOH
llO"*
1321(
53ii8
Paclttc
A
Ohio. Mil.
Wed.
Tueg.
5-!>8
2318
11038
421,8
98»,,
981*1,
87-72 Is 87 50
110V4
IIOI4
13218
132
54>4
5574
ee'a
677,
'2938
2938
II614
116\
15619
5618
23
2318
IIOI4
llOk
®omtuerci»l and I^fiHscellixmona Ji-c* v s
National Banks.—The following National Banks have
recently been organized:
4,017.—The First National Bank of B-aumont, Texas. Capital, $100.009. V. Wit 88, President; J. P. Alvey, Cashier.
4,018.— The Wi.8hington National Bank of Taconia, WaahlnRton Terrlritory.
Britltros,
Cupital, $100,000.
Cashier.
E. L. tcaintt. President; C.
Uoable eagle*
Ba«le8..V^.
R
William
French, President
Cashier.
,021.— The Couiinori-e National
Bank, Texas.
A. Dabbs, President;
;
May
W.
Capital, $50,000.
— The
Leqal Tenders and National Bank Notep to
Comptroller of the Currency has furnished
us the following, showing the amounts of national bank notes
April 1, together with the amounts outstanding Miy 1,
and the increase or decrease during the month; also the
changes in legal tenders held for the redemption of bank
notes up to May 1
1.
Total gold .........
96,000
1.550,000
Standard dollars....
2,978,000
2,978,000
Half dollari
Quarter dollars
Amount outstanding May
1,
........
Total silver
Five centa
Thrve cent*.... ......
$82,858,331
$2,193,530
2,901,878
291,652
$83,150,033
Circulation of national «old banks, not included above, $170,692.
According to the above, the amount of legal tenders on
May 1 with the Treasurer of the United States to
deposit
redeem national banknotes was 183,153,033. The portion of
this deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks reducing or retiring their circulation, was as follows on the first
of each of the last five months
$
March
1.
$
Insolv't bks. 1.039.251 1,009.176
Llquid'g bks. 6,561,955 6,674,891
Red'c'g undr
act of '74." 79.502,091 77,825,574
Total
•
87,103,297 85.509,644
Act of June 20, 1874, and July
41,400
44,100
4,193,925
2.023
laaiia^.'i
w,
,.-
200.696
61
180.110
85,500 23,10:.875
398.876
1
Total minor
5,238,000
Ttoaloolnase
8,312,000
4,613,500
35,361,329 18.923.933
QOVKBNlfKNT KEVENUE AND EXPKNDITURES. —Through the
ooarteey of the Secretary of the Treasury, we are enabled
to place before our readers to-day the details of Government receipts and disbursements for the month of ApriL
From previous returns we obtain the fli<ure« for previous
months, and in tbat manner complete ttie statement siaca the
beginning of the flical year for 18J8-8» and 1837-88.
RECEIPTS (OOOs omitted).
Outtome.
~i~
In<«r'l
18-0.88.
mtc'b
Total.
iiev'iM Sovrc'i
~"$~~
OlH-
rnt«r-ll«ri«1<
toriM.
i2ev'iM'.Sourc*A
~l~
~~l
jat^
«
/nlr
19,498
9,553
3,154
31.205
18.215
I
9.768
3.832
30316
August
September.
ai.9fle
10.633
2.022
84.02:1
23.574
11.212
3.*)7
37.806
i8,ea8
10.362
3.453
Sl,«98
10.443
3.619
October
18.787
13,301
8.255
31.i03
10.467'
2.6*!
83-!l
3,906]
10.708,
3.49^1
M,ia3
30.773
IS.SiiS
10,393
3.912
38.5W
16.910
10,435
2.795
30,712
10.471
3,315
30,160
31.39 -t
9.178
:o,oow
3.187
30.133
March
18,788
19.172
20.799
18.709
15.742
14,932
18.377
19.691
1,S33
81.014
April
18,611
10.710
3.13S
.31.450
NoTsmber.
December..
January
February...
Total 10 montbs. 183.7-« 103.991
i
t
3S3W
I
SI
308
9.400
3,09't|
3.3811 31,168
17,«21
9,080
9.110
-2,1871
38388
17.802
9.891
2.756
29.863
24.954 al7.a8J, 1S1.81<
99.95a
2J.^1U 313.087
Omltte.l).
$218,525,49ti
national bank
Feb.
823,000
4,4i6',Oj6
2,D26,6S3
1889*
Amoimt on deposit to redeem
notes May 1. 1880
1.
^
2978,000 11,813,854 11,791,057
2,978,0OJ
One cent
163
81
2,488
QJ
fi7a
_.,v..«
1887-88.
2.924,778
retir'd In Ap'l.
Jan.
ll,78i.325 11,789,328
$398,095
».
Amount reissued & b'nk notes
Depotittbjf—
fiA. luvi
$221,052,179
Legal Tender yotes—
Amount on deposit to redeem national bank
notes April I, 1889
Amount deposited during April
*
439 6O0I A
325
325
Dimes
DISBURSEMENTS (OOOS
SationcU Bank Nolet—
Amount outstanding April 1, 1889
Amount Issued during April
Amount retired during April
'44,036
'ii',w6\
8Sii2S'."*l'.'?.:;::::
Fltteher B. Martin,
;
in
247,000 4,940.000
176,000 1,760,000
370,c«0
8.
4,022.— The Iowa Natloi.al Bank of Davenport, Iowa. Capita), $100,000. Charles Belderbeeke, President A. P. Doe, Cashier.
Changes
1.180,000
111.
Ccshier.
,
FoitM.
1
rkree dollars
Capital, S50,000. Win. K Murph.t-, President; Wliliard Wail. Cashier.
4,020.— The Traders' National Bank of Tallahoma, Tenn.
Capital,
toCOOO.
09,000
87,000
1888-ee.
4,019.— The First National Bank of Murphysboro,
*
flMtt.
•
aSl aaglM
Cable.
The daily closing quotations for aecuritioB, &c., at LondoD
•re reported by cable as follows for the week endmg May 8:
London.
Talu4.
188 V6.
1886-7.
321.
328.
market^Per
Kugllnh Financial
DmiominaiioH.
08,698,017
FUeee.
1888-9.
iirer. prioe
68,369,252
1.
April
$
970,386
6,660,394
itay
1.
$
939,822
6.583,631
1.
$
9t9.434
9,539,23.
75,713.330 75,334,928 75,6il,361
83.144,110 82,8.=.8.381 13,150,033
July...
Aug
8ept
Oct
. . .
..
Not
Dec...,
Jsn
reb
Marcb.
April...
10
moB. 130.H6S
41.5»1
ri.-wi 828.''36
^e
eral merchandise) April 26
the first week in January.
;
also, totals since the
beginning
ot.
FOREIGN IMPORTS AT KBW YORK.
12, 188-%
Bonds Held by National Banks.—The following interesting statement, furnished by the Comptroller of the Currency
ihows the amount of each class of bonds held against national
bank circulation and to secvire public moneys in national bank
depositaries on May 1.
We gave the statement for April 1
In Chronicle of April 6, page 451, and by referring to
that the changes made during the month can oe seen.
Bfl.l.l;
Imports and Exports for the Week.— The imports of last
week, compared with those of the preceding week, show a
decrease in dry goods and an increase in general merchandise.
The total imports were $9,574,153, against $9,083,200 the
preceding week and $7,766,094 two weeks previous,
exports for the week ended April 30 amounted to $6,173,073,
against $8,082,657 last week and $6,491,684 two weeks previous.
The following are the imports at New York for the week endmg (for dry goods) April 35 and for the week ending ifor gen-
1886.
For Week.
Dry Goods
9en'l luer'dlse.
$8,917,325
Total
9mee Jan.
$2,261,0971
6,053,228
1,
Dry Qoods
Gton'lmer'dlse..
$42,863,644
103,310,754
1887.
1888.
1889.
•2.0'.>2.4e4
«1,670,(44
6,78J,416
tl.579.746
5,0-29,942.
7,551,689
$8,452,860!
$6,609,688.
$9,574,153
«45,879.244! $4.a,959.073 .^2.063.363
110,546.146. 113,084,141; 116,969,123
Total 17 weeks. $146,174.398 $156.425.390'$162.043,217.»lti9.03-.;.487
U. 8.
Dtteriplion of Sonde.
S«, Act July 12, 1882...
Currency 68
Sonde Held May
Public Depotite
in Banke.
$
1889
Bank
Circulation.
$
,
to
Secure—
Total Held.
$
32,714,300
5 692,00t<
57,014,450
134 087.900
$45,322,000
$151,472,350
$196,794,350
ll,2i,'4,500
4 per cents
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending April 30 and from January 1 to date:
EXPORTS FBOM NBW YORK FOB TRB WEEK.
specie)
4.289,000
45,809,950
101,373,400
1,403.000
li< per cents
Total.
1,
1886.
For the week..
.
Prev. reported..
Total 17 weekf
1887.
116.116.031
88.946.'J06
$5,677,741
93,912.724
$95.062.2'<7
$90,820,465
1888.
$6,146,920
91.947,169
1889.
$6,173,073
lli',795,601
$98,093,689 $116,968,573
,
THE CHRONICLE.
680
The following
the port of
since January
1888 and 1887:
•.at
shows the exports and imports
of specie
for the week ending April 27 and
1889, and for the corresponding i^eriods in
table
New York
1,
EXPORTS AXU IMPORTS OF SPECrE AT
NEW TOEK,
Imports.
Exporls.
Gold.
Week.
Great Britain
«;l,024,299
France..,., ,,..,,,,..
•Westlndlea
li6',576
Mexico
Bouth America
Since Jati.l.
Week.
*5,38S.895
20,950
$96,5"o'6
2,4i4.5^0^1
'5,845
Since Jan.l.
$164,050
843,065
948,897
1,447.780
75,600
'5',056
107,841
21,389
49,790
126,670
$9,335,226
4.777.028
5,040,376
$107,401
226,792
34.418
$2,261,708
3,878,330
4,019,946
10,.500
All other countries.,.
Total 1899
Total 1888
Total 1887
$1,140,875
2B9,500
108,003
Exports.
iTTiporls.
Silver.
Week.
<lreat Britain
France
West Indies
Mexico
Bouth America
-.
nineeJan.
1.
$645,423
5,000
$3,902,777
97,400
3,006
l6i",3'8^3
Week.
9
$29,200
598
"
Total 1889
Total 1888
Total 1887
$053,423
142,1-09
373,519
'6.651
118,343
1,270
47,833
$6,233,779
4,019.423
3.423,290
$55,759
30,4^5
24,501
'i.V,87^i
All other countries. ..
Since Jan.l.
€9.539
40.175
32.843
413,093
$585,4')8
697,868
695.! 06
[Vol.
&
DaiiTille.— The first mortgage bonds of this road
week on the Stock Exchange. The following
is taken from the statement made to the Exchange.
Tlie company was organized in 1883. It has completed and in operation a line of railroad from Norfolk and Portsmouth, westward
to Lawrenceville, a distance of about 103 miles. An extension
is now under construction from Lawrenceville, in a westerly
direction, to DanviUe, a distance of 80 miles.
There is also in
operation a branch running from Belfield to Claremont, on the
James River, a distance of 53 miles. In addition to its railroad
property and equipment, the company owns about 50 acres of
valuable land on deep water at West Norfolk, and four large
wharves.
The company owned the §500,000 of capital stock of the Seaboard Cotton Compress Company, comprising the entire issue
of stock upon that company's properties in Norfolk and Portsmouth. The buildings have a capacity of 40,000 bales of cotThe company has just disposed of §300,000 of tliis stock
ton.
at 80, and placed the proceeds (§340,000) in its treasury for
general purposes. Tlie remainder of that stock (§300,000) is
Atlantic
were
listed this
owned.
The earnings and expenses for the year ending December 31
1888, were as follows, there being but 89 miles average under
still
operation for the year:
$204,064
107,217
Gross earnings
Expenses
Ket earnings
Less interest on bonded
Car tru-t notes paid
$96,847
—
&
&
—
—
&
—
—
&
Messrs. Coffin
Stanton have just admitted to their firm
Messrs. Hervey Jackson and Charles Fawcett Street, two young
and energetic business men. With this addition to an already
live and active house no firm is better equipped to handle railroad, city aud other investment bonds. The firm will occupy
new and handsome quarters at 72 and 74 Broadway not later
than Monday,
May 6.
$28,162
240,000
stock.
$268,162
Ziabililies.
Capital stock, nt $20,000 per mile
Coupon bonds, at.'?10,000 per mile
Car trust notes outstanding
Bills
"
,..
$3,290,000
2,632,000
28,665
12,30(r
payable
$5,962,965
Total
Assets.
Cost of r.iilroad and equipment
$5,374,855
268,162
Cash on hand
Stocks and bonds
Supplies
A
before May 8.
Messrs. Walston H. Brown & Bros, offer to investors, at
95 and accrued interest, first mortgage 5 per cent gold bocds
of the Dulutli South Shore & Atlantic Railway, due 1937. The
«ntire issue of these bonds is hmited to §4,000,000, and they
are secured by a first mortgage upon 390 miles of completed
and equipped road. The road earned last year, before construction was entirely finished, nearly the whole of the i^terest on these first mortgage bonds, and the first quarter of the
present year shows an increase of earnings over the same
period last year.
This road forms the connecting link
between the Northern Pacific, the Manitoba and Omalia railroads on the one side and the Canadian Pacific, JOchigan Central and Pennsylvania raUi-oads on the other. The firm retains
the right at any time to advance the price without notice.
Messrs. Harvey Fisk & Sons, the prominent bankei-s and
dealers in United States Government bonds and other prime
investment securities, have prepared for their friends and customers a pamphlet reviewing the financial history of the
United States from the establishment of the Treasury Department in 1789. Those interested in this phase of the country's
history can obtain copies of the pamphlet at their oflice,"28
Nassau Street, or it will be mailed upon request. Messrs. Fisk
Sons have always been most enterprising in furnishing their
customers with information on Government bonds aud other
financial matters, and the present volume prepared by Mr.
H. Edward Fisk will bo found very useful ancl interesting, not
only to the banker and dealer, but to every reader of American history.
The Finance Company of Pennsylvania gives notice that
the board of directors has d?cided to issue §3,500,000 additional
stock, wliich wiU make the full paid-up capital of the company §5,000 000. The new stock will be ofifered to the stockholders of i-ecord May 1, at §105 per share, in the proportion of
one share of new stock for each share of stock held. The payments for new stock are to be made between now aid February 11, 1890, in monthly instalments in sums of §15 and §10.
The right to subscribe to new stock will expire on May 11.
Interest at tlie rate of 4 per cent per annum will be allowed on
all instalments prepaid, and new certificates of stock will be
issued on and after October 10 next, but the new stock will
not carry tiie October dividend.
68,684
Balance cash on hand
&
,
$01,920
0,764
delJt
Of the above imports for the week in 1889, §8,503 were
American gold coin and §788 American silver coin. Of the exports during the same time, §30,576 were American gold coin
Surplus earnings
Cash from sale of comi>auy
.and §3,000 were American silver coin.
Messrs. Poor
Greenough are authorized to receive subscriptions for New York Ontario
Western Railway Company
issue of §2,500,000 consolidated first mortgage 5 per cent liftyjeax gold bonds, at 91 per cent. These bonds are issued for the
purpose of paying for the extension now under construction ot
the Ontario Railway system into the anthracite coal fields near
Scranton, and providing the needful equipment, and tliey are
.secured by a consolidated first mortgage upon the entire "main
line, branches, equipment and property of the N. Y. O.
W.
Ry. Co. including a deposit with the trustee of tliis mortgage
of all the §3.000,000 of securities. Negotiable receipts signed
by the company will be given to allottees on payment of the
first instalment, and definitive bonds wiU be exchanged for
these receipts when full paid, after June 15.
simultaneous
issue of these bonds is made in London, thus securing an
international market. Subscription list will be closed on or
XLVm.
30 .',447
owned
17,500
$5,902,965
Total
—
Delaware & New Ensrland. The incorporators of this Delaware company are: John S. Wilson, Charlemagne Tower, Jr.,
Arthur E. Newbold, Henry McCormick, Francis W. Kenney,
Stephen A. Caldwell. John W. Brock, W. W. Gibbs, Arthur
Brock, Henry O. Seizas, Joseph F. Sinnot, Charles F. Berwind
and Charles E. Morgan, Jr. The capital stock is placed at
It is a consolidation of tlie following: The Hudson
§8,000,000.
Connecting R. R.. Campbell Hall to tlie Hudson River, oppoPoughkeepsie, 39 miles; the Poughkeepsie Bridge Coinpany; the Poughkeepsie & Connecticut, Poughkeepsie to Silvernail, N. Y., 37 miles; the Hartford & Connecticut Western,
Hartford to Rhiuecliff, N. Y., 108 miles, and the Springfield &
Connecticut, Tariffville, Conn., to Springfield, Mass., 19 miles.
This consoUdated company wiU have close relations with the
Pennsylvania Poughkeepsie & Boston, extending from Slatington, Pa., to Campbell HaU, and on the east with the Central
Massachusetts Railroad, making a through line from the coal
A further extension on the west to Harrisfields to Boston.
burg has been decided upon.
site
Louisville Evansville & St. Louis.— Secretary Otis Kimball
St. Louis Road, has issued a call
of the Louisville Evansville
for a special meeting ol the stockholders, to be held at Huntingburg, Ind.. May 18. On that date there will be con.-iderel
a proposition looking toward the consoUdation of the HuntCannelton Road, its stocks, rights, franingburg Tell Citv
St.
chises and properties, with the Louisville Evansville
Louis Railroad. Also one for the consohdation of the LouisSt. Louis Roaa with the Belleville Centralia
ville Evans-. iUe
Eastern Railroad. These consolidations wUl be matters of
form, since the Mackey syndicate, headed by Mr. D. J. Mackey
of the Air Line, practically owns all the lines interested.
Improvement-; in the way of connections and terminal facilities will also be discussed for immediate action, and other
important matters will be brought up for settlement.
&
&
&
&
&
Manhattan Elevated.—Manager Hain, of the Blanhattan
Elevated Railway, has said that about 3,340,000 fares »ere
taken during the three days of the Centennial. Tl'isisan
average of 783,000 a day, and, specifically, Monday, 765,000;
Tuesday, 835,000, and Wednesday, 756,000. Estimated in dollars the returns were §117,300.
Shenandoah Valley.— The annual meeting of the stockholders of the Shenandoah Valley Railroad Company was
held at the office of the company in Roanoke. The report for
the year 1888 was rendered by Sidney F. Tyler, receiver, and
the stockholders tlien elected the following: Sidney F. Tylw,
President, and the following Board of Directors- Clarence H.
Clark. Joseph J. Martin, George C. Wood. Edward C. Clark,
Charles Hecker, F. J. Kimball, Upton L. Boyce, Wilh^
Milnes. Jr.. A. R. Boteller, Henry B. Davenport, William H.
*
Travers, John T. Lovell and W. Flickwir.
.
Mat
THK CHRONICLE.
I8f».j
4,
DIVIDENDSi
Same of Company.
&
Clitoniro
it
Jtontroal (prof.)...
Kast Illinois (nuar.)...
& Wheclmg...
Per
When
Cent.
Payable.
Maniliister & Lawroucc
Kiu<liiiii i- Lowell
May
2»3
l>a
Pi'ain.«.vl\iinla
Seaboard
Bank
Roanoke
A-
of
On
5
BankH.
State of New Yorlc...
x\
(qiiar.)
WAI.l, STREET,
(Day inclutivt.)
II
were 4
8«Ua4 96K.
—
».
.
PoverelRns
dom.!
FKIDAY, May
bills
40Ji@40Ji and
40'i@40Y.
The following were the rat«s of domestic exchange on New
York at the under-mentioned cities to-<lay: Savannah, buyinic
par, selling 8-16@}^ premium; Cliarleston, buying mr®
l-l J
premuim; seUinp J^(a8-16 premium; New Orleans, commerciiJ, 50c.
premmin; bank, 81 premium; St. Louis, 75ol
premmm; Chicago, 60c. premium.
CoIdb.— Tlie following are (juotations in gold for various coins.
Bookt Oloied,
May 10 May 3 to May
May 10 May 6 to May
mHcellniieoiia.
Wliitcbrcast Fuel
!.!<.
89i!<.
rix.:
89a^»)^.
Continental bills were:
ere: Francs, 5 17>i(a8 leji and 8
18«i3»
lH;
reichsmarks, "«•'
Wii and• 965^; guilders,
1 May 12 to June
May
1
May
ll
May 20 April 30 to.
5
Commercial
'
5
June
2
4 87J<(94 871^; demand. 4
Cables. 4 89ji(a4
Railroads.
ClcvJiind Lornin
681
ToKlav the rates on aottial *•««'««» were an followi,
V" ""'f"'
Bankers* 60 dnyR' Bterling,
rhng,
The foUowluK dividends have recently been annonnoed:
Boston Con.
.
.
..
11
10
^..
$4 3(1 ^^^^^y iFlne silver l)ar(!.. -92 » — 93
Napoleons
3 90 •» 3 93 {Five francs
—93 » — 96
X X Relchmarlu. 4 73 9 4 80 {Mexican dollars.. —
72>ta — 78>»
25 Pesetas
4 81 « 4 88
Do nncommero'l — 72 *
Span. Doubloons. 15 60 al5 75 Peravian sola
—72 »
73
Mex. Doubloons. IS S5 -815 70 English sliver... 4 82 9 i 8tt
Floe Kold bars. .
par '3>4prem.| U.S. trade dollars - 72 «
....„
United States Bonds.— There have been a few transactions
in Government bonds thL<i week at the Stock E.vcliange,
and
prices are a fraction lower than last Friday. Only $35o,2S(>
I
.
1S89.-3 P. M.
The Money Market and Financial Sitnation.—Tlie week
was practically a blank until yesterday (Thursday) morning,
but tlie London and Boston markets had been firm, and our have been bought by the Treasury
Department, being all the
opening here after the holidays was decidedly strong.
otferings within the usual limits.
The total payments made for bonds purchased from April 23,
In the railroad world the chief events touching closely our
market were the March reports of net earnings, showing a 1888, to April 37, 1889, were $161,550,135. The statement far
this week is as folows:
remarkable gain over last year by the Cliicago Burlington &
Qumcy the St. Paul and the Louisville & Nashville, while Read4X Per CmU dtK 1891.
4 Per CmU due 1907.
ing had a considerable decrease. In regard to the latter it has
OfferinijK. PurcA'M. Prica paid.
OJtrtnot. \Purelt'e$. Pricu pMd,
been announced that the earnings of the Coal & Iron Company Batarday
»70,000
170.000
108
(«9.2S0
tti.iio.
12V
13,300
13,300
will not hereafter be given out monthly, but only the receipts Mondaj
108
800
i«e
TuefldBj....
..HoU
day.
of the railroad. This is a step back toward the d^k ages, and
Wedn'Bday.
10.800
lO.lSOO
loa
9,000
»,aoo
u»
it is to be hopad that the trustees in control of tLe
propertv Thursday..
110,500
SO.OOO
108
will reconsider this decision, and publish the full receipts each Friday
SIO,(XXI
110,000
U'8
3.
.
I
. .
month a-s heretofore.
As to the C. B. & Q.
earnings, it maybe said that the March
returns were a most gi-ateful surprise to the friends of the
company, as really the first sharp and decided recovery from
the great loss of eamiugs which began with the strike of 1888.
Putting together tlie three leading roads whose returns for
March have done much to strengthen the market, we have
the following exhibit of net earnings
188!)
1888
Cliic. Burl & Quincy (whole system)
$867,880
def. $187 810
Cliieapo Milwaukee &St,Paul
782,949
4"0 215
:
Louisville
&
Nashville
595.851
393|581
Total
$2,246,680
.$625,986
There have been further shipments of gold this week to the
extent of §3,801 ,343, but these are of little consequence while the
Total.
..
SinceAo.23.
.
The
«()3,8C0
108
6s, cur'cy,'96. ...reg. J.
6s, cur'oy,'97. - -reg. J.
Os, cur'cy,'98. ..rcf?. J.
6s,«ur'cy,'99. ..reg. J.
This
80,490
ISS.4';8.950
12 9
184-70-130
closing prices at the N. Y. Board have been as follows
A)Ml
27.
4128,1891. ... . .reg. Q.-Mcb. n08i8
4128,1891.... coui). Q.-Meh. no8ia
4s, 1907
..reg.!(}.-Jan
12912
'
4s, 1007
-Jan *129ia
6s, ciu''cy,'93. ...reg.
& J. *121
*
71,460
89.394.0001 106)i-10»X
Tnleretl
Pevio<ls
London market
is strong on our securities, and the prospect
remains good for sending out a steady stream of our stocks
and bonds to the foreign markets.
Tlie open market rates for call loans during the week on
stock and bond collaterals have ranged from 3 to 4 per cent,,
and to-day the rates were the same. Prime commercial paper
is quoted at S%(cb4: per cent.
The Bank of England weekly statement on Thursday showed
a loss in specie of £150.000, and the percentage of reserve to
liabilities was 39, against 43-36 last week; the discount rate
remains unchanged at 2^4 per cent. The Bank of France
gained 3.050,000 francs in gold and 3,300,000 francs in silver.
The New York Clearing House banks in their statement of
April 37 showed an increase in surplus reserve of §1,340,300,
the t^tal surplus being §13,436,950, against §13,086,650 the previous week.
The following table shows the clmnges from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks
414,300
is
&
&
&
&
J.
J.
J.
Anril April
29.
30.
;
Hay
ilny
1.
3.
,'T06'gn063B:
Mos
H
nm
12910 •129<4
'12936 n29"4
•121 |M21
*124 ,*124
1*127
*127
I
*124
127
*129ia
1*12913 *129>»
1*132
•132
J.I *132
the price bid at the morning board
;
no
tale
was made.
State and Railroad Bonds.—In State bonds there have
beep only a few transactions, and the market is unchanged.
During the two and a half days which have constitutSl thewhole of the past week so far as Stock Exchange business wa»
concerned there has been a continuation of the active and
buoyant tone in the railroad bond market. The demand has
been brisk and general, and the improvement also has extended to nearly everything on the list, though tliere have-
been few special features as to activity.
Texas & Pacific
incomes and Fort Worth <fe Denver Ists were a little more
active than the rest, and there has lately been a shari) advance
in San Antonio 8c Aransas Pass first mortgage 6s.
Railroad and Miscellaneons Stocks.- There has not been
much. business in stocks this week, in consequence of the Centennial holidays. The Stock Exchange was closed from Saturday noon till Thursday morning an adjournment which
has only once been exceeded in length, and that wa.s during
the gi-eat panic of Sejrtomber, 1873, when the Exchange was
closed ten days. Thus there have been only two days and a
Diffr'ne't fr'm
1888.
1887.
half for business, but during this time the market has been in
Prev. Week.
ApfU28.
Aj>ril 30.
a very healthy condition, with a rising tendency. Tliere has
not been any specially important news, but the feeling in
60,,512,700
regard to some of the leading stocks, notably the grangers,
48!.928,400!
Dec. 9K2 ,90(1 3(iH,,rv.':i,90o sno.tn 1,9(10 has improved. The foreign markets were also a help to the
Dec. -49 ,SO(l 7li, 7s9,M(l() 77,(;l'7.(;(I(I improvement, maintaining prices during the close of the New
Dee.
,000
7. 7st.3()(i
York Exchange, and buying mtKlerately since. There was
Inc
4(i 800 376, 041,500 371,685,900
Inc .2,201 800 33, 337,100 22,433,800 also some demand to cover contracts on Thursday, as well as
—
:
1889.
April 27.
Capital
60,7ti2,,700
Surplus
53,452 700
I.«an» and disc'ts. 415.914 ,200
Speeie
8(i.91.".' 000
Circulation
4, 1 '.'S, (H)0
Net deposits
440,<iHl, 800
Legal tenders
36,673, 400
110.170, 45o'lnc.
11 700' 94. 010,375 92,921,473
123,597, 40OInc.l,352 000 110, 126,900|100,061,400
Xx;Kal re,serve
Bcserve held
Surplus re serve
Exchange.
,''.:fii.")..">(i(i
..
I
13,426,950 Inc.l,340,30o| 16.116,5231
7,139,925
—The
sterling exchange market has shared in
the general dulness of the past week and very little business
has been done. Conditions affecting the market have not
changed, comVnercial and other bills are still very scarce, and
rates are still well held and strong, posted figures being 4 88
and 4 891^(54 90. The gold sent out last week was said to be
for settlements, and to-day there were further shipments,
amounting in the aggregate to §3,801,343.
The rat«s of leading bankers are as follows:
amount of purchases for the long account.
The grangi^rs leu in the advance, aU in this ^up improving, and Burlington more than the rest. The rise was mainir
in cionsequence of the favorable statements publishe 3 of March
net earnings on Burlington & Quincy and St. Paul roads,
wiiich showed paiticularly wrll.
Atchison was favorablyaffected by the report that Messrs. Kidder. Peabodv & C-o have
a
fair
&
Louisvil'e
secured proxies on a majority of the st<X'k.
Nashville was also a favorite with the f .)reig^er8 and scored a
moderate advance on its large net earnings. Among the Gould
stocks Missouri Pacific was active, and advanceil, but the others
were comparatively dull. There was some pressure against
Union Pacific, and it was wepk while mo?t otl-er leading
stocks were strong, but to-day shared in the advance the
coalers were generally strong, except that Reading was unfavorably affected by the decrease in earnings, and by the
detorniinatiou of the oflicers of the company to suppress
the monthly
hereafter the Coal & Iron Company's earnings
returns of the compwrny's receipts.
To-day the market was buoyant and quite active, led by
Burlington & Quincy, which rose to 99ij.
;
May
3.
Demand.
Sixty Dayi.
Prime bankers' sterling bills on London..
4 88
4 89 '2 3 4 90
Prime eoimnereial
86I484 86^
^ ,,„
4
Doeuinent.iry commercial
!!'4 86
«4 86ia
Pans (fi-ane.8)
5 ish^ao 17i2 5 IB'^^H 15»8
Amsterdam
(guilders)
i-i-ankfoit or
Bremen
4Oi4«40:ia
(relchmark.s)
I
95i4i95%
I
I
40T,,
401.2
&&^ 95^
m
.
..
.
I
I
THE CHRONICLE.
582
STOCKS—PRICES AT
[Vol.
MAY
STOCK -EXCHANGE FOK WEEK ENDING
N. T.
3,
AND SINCE
HIGHEST AND LOWEST PRICES.
Satarday,
April 27.
RR.
Slocks.
Atchison Top. & Santa Fe
Atlantic & Pacific
Canadian Pacific
Canada Southern
41 %
. . . .
I
Do
pref. 1*138
Do
prei-i
Chicago Rock Island & Pacific.
ChicagoSt. Louis & Pittsburg.'
St.
Paul Min&Om...
Do
93
I
Tuesday,
April 29.
AprU30.
Wednesday, Thursday,
May
1.
|
96
96ia!
6514I
105541
Do
Do
I
*l(Si2
17ia
*37i2
*3338
39
33%'
93
& Ga
*69
I
93
*6% 7
I
Illinois Central
1
pref
'
18hi
5812
58>a'
Michigan Central
Milwaukee Lake Sh.
&
Do
*84
West.
pref '111
& St. Louis
86
113
12 %
6
13'3
12^9
70'8
71 '4'
•10
pref
Missouri Kansas
Missouri Pacific
I
87I2I
v
Do
Minneapolis
68 "2'
45
99
& Texas
]
I
Mobile* Ohio
•10
Ilia'
Nash v.ChattanoogaAr.St. Louis 9412 94%*
New York Central & Hudson 107^2 10758
*17i2 17%|
New York Chic. & St. Louis.
Do
1st prof
74
71
Do
2d pref
43
41
New York Lake Erie & \Viiat'r
W est'n 28% 29 ^[
Do
pref.
70 12 70>3'
New Y'ork & New England.
43 14 43%
New York Ontario & West
16% 17%|
New York Susquehan. & West.
8
8
Do
pref.
Norfolk & Western
*16% 1712'
52% 53^
„ ^J)o „ ,„ pref
1
M
I
Do
•25'4
pref
255^
61
61
"42
42
32
3214
I
I
.
1
*23i2
44'%
26%
iri
R
>
-!
td
f
u
w
o
>
«!
25
4519
2658
Do
prof. •79
80>2
Rome Waterto wn & Ogdensb'g •99I2IOI
8t. Louis &, San Francisco
23% 2379
Do
prof.
6058 6058
Do
1st prof. niO
.,„ 112
Bt Paul & Duluth
Do
•32
85
pref
35
85
St Paul Mlnnap. & Manitoba. IOOI2 lOO'g
Texas & Pacific
2II2 2178!
UnionPacific
Wabash St. Louis
Do
I
&
Pacific...
pref.
& Lake Erie, pref..'
iniscellaiieoiiiii StuckK.
Wheeling
59'8
1458
6OI2
28
28I4
6618
66I9
3
38%
33%
93
106
9414
I
40
381s
1,200
2,345
1,265
I
34
3459
94>4 95
IO6I2 106i«
33
Jan. 21
1
30%
89
I
'
I
Ohio & Mississippi
Oregon Short Line
Oregon & Trans-Continental.
Peoria Decatur & Evansville.
Phila.A Read. Vot. Trust. Cert.
Elchmond&West P't Terminal
'38
3312
*4m
.
Northern Pacific
8
3
!
.«r
.
8
„
i
.
.
7
15
11
I
18%
6713
*40
*96
3,015!
27, 34% Mar.
89% Mar. 26 111% Jan.
40% Mar. 20: 45i4Fel).
94% Jan. 9 100 Feb.
60% Mar. 16 66% May
97 Feb. 25 106% May
,
;
I
66%
105% 106%
96I4'
Mar.
143 29% Feb.
I
Lake Shore & Mich. Southern. 103 ig 103%'
*93i2 95
Long Island
Louis\nlle & Nashville
Louis. New Alb. & Chicago .
Manhattan Elevated, consol.
eeifl
73,130
1,100
1,526
50,583
9919
4314
9612
3
1
1
113% 113%
'
Western
Do
70
93
I
2,737
2,066
32I2'
May
Feb. 14
Jan. 4
Jan. 16
Feb. 14
I
*21% 22I3
& Terre Haute
GrceuBav Winona & St. Paul.
17%
5912
3212
961a
4314
96I4
Jan. 2
Jan. 14
I
9^'
*9
I
1
925
257
35I2
Highest.
42% Feb. 6
Mar. 18, 3459 May 3
Feb. 13 96% Feb. 1
175 9158 Jan. 9,11014 Feb. 26
108
111 00^ Jan. 4! 74% Feb. 14
68% 68% •68I2 69
600 16 Apr. 22 28i4Feb. 7
19% 19% I918 I919
36,300,13459 Apr. 3 144=8 Jan
137 13813 138% 139
2
I7I4 17% •17% 18
416! 15% Mar.
17% May 2
48 14 May 3
48
48
47% 4314' 2,338 42i4.Tan.
914'
•9
914
200
8i4.Tan.
9% Mar. 7
91a'
•69
100 63 Jan.
70
70% Feb. 13
70
70
2II2 2II2 •22I2 23
16 20 Apr.
23% Feb. 8
100' 86 Jan.
•93
97 Mar. 4
95
•6% 714
200
4% Jan. -, 7% Feb. ..8
6% 6%
114 114 '114 115
300106 Feb. 13 116% .Tan. 15
I8I4 1858' 181a 18%'
1,600 16 Jan. 26 19 Feb. 7
2
5869 59I4
3,330, 51% .Tan.
59
5914
4i 59i4May
4,400 99% Mar. 18 106 Jan. 15
103 IO3I2 103% 103%
•9312 95
'9312 95
90% Jan. 14i 96% .Mar. 4
68 14 69 14
68% 6914 25,216 56I4 Jan. 4! 69 '4 May 2
•40
100 37i4Jan. 7l 49% Mar. 8
45
43
43
97 12 98% 98
620, 90 Jan. 3 109% Mar. 4
98
200 84% Mar. 16! 91% Feb. 14
87
87
"8512 "83 ia
110 51% Jan. 7t 87 Apr. 18
85
83
200 91% Jau. 71 112% Apr. 22
1121211213: •112 115
*3
Apr. 22
7 Feb. 7
6
3
6
"206 11 May 3 14% Mar. 3
•11
I3I3'
11
12
12% 12%! 12% 12% 1,050 1158 Apr. 22 14 Jan. 14
7118 72%! 72% 73% 11,090 64% Mar. 29 73% Jan. 14
1012 im' •10
Jan. 11 12
Feb. 12
8
11%!
May 3
3,100 81% Jan. 12
__, 97
95
97
941a 95
1,343 106% .Mar. 16 110% Feb. 2
1075s 107581 107% 107%
•1713 IH
Mar. 19! 1958 Feb. 4
100; 17
17
17
•70
•71
77 Feb. 4
74
67% Jan.
74
•41
44% Feb. 2
43
37 Jan.
43
3,200 26% Jan.
30% Feb. 18
28% 29
28% 29
71% Apr. 26
70% 71% 7OI2 7II4 1.300 61 Jau.
5,900 41% Apr.
48% Feb. 18
43% 4358 43% 44
206 14% Jan.
19% Feb. 7
17
17
17
17
•8
KI4
•8
50
9% Feb. 12
7% Apr.
8%
650 30% Mar.
35 Feb. 8
3314
32% 33
33
•16
18 Feb. 1
14% Mar.
17
53% May 2
5314 531*.
5314 53%'
6, "196: 47% Mar.
27% Feb. 11
1,238 25 Jan.
25 M 23 "a
255e 25 %i
61
61%'
10,730;
Mar.
63% Mar. 4
58%
60%
14
61%
24 Feb. 11
22% 23% 22% 23%; 1,700 19% Mar.
•41
655
38 Mar. 6
Apr.
42
39
44
43
3 158 Mar. 1
32% 33 14 33% 33% 24,350 3014 Jan.
28i4Feb.
13
400
Jan.
22
24% 24% 24% 25
30 Jau. 15
4458 45%
44% 45%! 48,547 42% Mar.
Feb.
13
27%
27%'
23,605
23=8
Jan.
__,
2658 27
26%
930 76 Jan. 26! 82% Feb. 8
79% 80% 80ie 80%
103
Jan.
31
3
5
Jan.
14
93
100 101
lOlialOlia'
•23
•23
200 19 Apr. ll 26% Jau. 13
24
24
2
Jan.
Mar.
191
66%
1,660 53
60% 611a 61% 62
35 104 Mar. 18 114% Jan. 12
110% 111% -110% 111%
111
Jan.
14
3II2 31 12 •30
100
40%
9% Apr.
35
•85
110 84% Apr. 3; 95% Jan. 18
•85
87
90
905 92 Apr. 17 105 Feb. 1
102% •101% 103
101
21% 21% 21% 22% 4,273 17% Mar 18' 23 Jan. 14
5958 60%
6014 61% 34,700 58% Mar 29i 6714 Mar. 4
920 12% Jan. 3! 15% Apr. 25
14% 15
15
13%
28 <4 2812 28
28% 3,025 24 Jan. 9 28% May 3
66
66% 66% 66% 1,616 59% Jan. 5 67% Feb. 4
46%
4638
Evansville
<&
1889.
106% 107% 10719107%; 31,355:102% Mar. 27)109% Jan. 15
I3912 I39I2 138% 138%l
453,135 Mar. 29 142 Jan. 21
93 '1 9459 9414 95%i 18,4151 89% Mar. 26 100% Jan. 14
17
617 14 Jan. 15 19% Fob. 6
17
I712 17%i
100%!
139
93
I
1st pref.
2d pref.
Lake Erie
1,
1' 58
6% Mar. 26, 8%
47 12 Mar. 16| 54%
SOiaJan. 24 50%
92% Mar. 16 100
33 Mar, 29, 36%
15% Mar. 2 17%
56% Feb. 26: 61
59
66
65
IO5I2 106
IW
East Tennessee Va.
Since Jan.
3919 Apr.
200'
2,300
1,475
53
96%l
9658
35I2
1758
42% 43 14
43ia
43,010
712
53
I
93
107i8
Cincin. Ind. St. Louis&Chic.l 107
Cleveland Col. Cin.&Iudianap
Columbus Hocking Val.&Tol.' *18J2
Delaware Lackawanna & West 13714 137is'
Denver & Rio G.,assessui'tpd. '16% 1714'
pref.
'7
54% 54%;
•36
3612;
1759 17%
581a 5914
•32
33
94% 97I8
94S8'
pref.
Do
1889.
Lowest.
Shares.
42% 43%
4312
714
36I4I
IT^s'
59>4'
33
May 3.
714J
53% 54
52% 53
96%l
96%
97
Week,
Friday,
May 2.
42%
7^2'
5214
5234
j
Monday,
42 14'
'G'g
51%
52%
*96
Central of New Jersey
Central Pacific
36
17»8
Chesapealse &0.—Vot.Tr.cert.
Do
do Istpref-.l 59H
Do
do 2dpref...i *31
Chicago Burlington & Quincy.
94%
Chicago & Eastern Illinois. ...' *42ia
pref...| *95i2
Do
64^8
Chicago Milwaukee & St. Paul,
Bo
pref.-1047e
106>4
Chicago & Northwestern
Chicago
Range
Sales
1,
of the
STOCKS.
Active
JAN.
XLVm.
I
1
:•.
1459!
I
Chicago Gas Trust
Colorado Coal & Iron
Consolidated Gas Co
495g 49%
2412 24%
8858 8858
13658 isesg
I
I
'
Delaware & Hudson Canal...
Oregon Improvement Co
Do
49
i
^77
88
pref.
Oregon R'y
&
Navigation Co.
1
150
;*114
I
85
i'138
Inactive Stocks.
American Tel. & Cable Co
83
88ie
891a
3612
xl93
85%
*86i4
150
115
151
'114
8512
84
141
•139
22i2
cert.
Iowa Central, pref
Memphis & Charleston
Philadelphia Co., Nat. Gas
*25
60
1
St.
Do
Various Stocks,
Sugar
I
M
I
.
i
I
I
*36ia
*7
2214
*27
*51
3414
40
pref... 103
Sec, (Unl Isted.)
K(;fliicrie.a Co
National Lead Trust
American Cotton Oil Trust.
Pipe L ine Certifi cates ^
*
150
*6^
pref...
N.
Toledo & Ohio Central, pref.
Cameron Iron & Coal
Tennessee Coal cfe Iron
90%
36%
37
51%.Apr. 20
36% Feb. 11
89%.Apr. 23
Jan.
Apr.
1
Jan.
Mar. 18 13858 Jan. 30
i% Jan. 16
Apr.
228 75 Apr. 10 107% Jan. 30
87
92% 1,705 85 Apr. 23 102 Mar. 6
36%! 1,043 34% Mar. 19| 40 Feb. 7
7,895 tl71 Mar. 19 205% Feb. 11
193
86% 17,719 83 Jan. 2 87% Mar. 4
87
19414 189
86I4
86
•150
1.51
I
I
1
.<
-
1
.
140
140
43 144% Jan. 2 153 Feb. 4
50 109 Jan. in U6 Feb. 4
837 73% Jan. 4 85% Apr. 13
250 134 Jan. 19 144 Feb. 8
80% Jan.
23
133
23
2612
•25
*60
60
2213
92
.1
8414 85
These are the prices bid and asked: no sale was made at the Board.
37% 38
34%
40
103
21%
55%
38
3759
'51
34%
91
38
27%
28
53
40
102
Kx-rlght«.
38
•6I4
7I4
7%' •7%
8
21%! 21% 22
28
27% 27%
•51
53
53
34%' 34% 34%
40 14' 40
40%
102
101 103
1
I
i
91% 92%
21% 2214
55% 55%
84% 86%.
}
81
152% 152%
3768
7%
21%
8i«
I
38
•6%
2,037
63
78
7
38
35 125 Mar.
15 Jan.
10 18% Jan.
100 49 Jan.
1,100 72 Mar.
270 148 Apr.
410 30 Jan.
135% *i33 136
23 14 22% 2359
26
24% 24%
150% 151
150
2169
5514'
152
114% 114%!
85
85%
113
83
141
*85
Wayne & Chic
Pittsburg & West., pref. cert
Quicksilver Mining Co
Pitts. Ft.
Ann Arbor &
8312
8912
34
530 21
1,742 80%
2,455 130
900 4214
86%
iV;
Tol.
9,800
l
United States
WeUs, Fargo & Co
Louis Ark. & Texas
Southern Pacific Co
49 14 49%'
23%
25
89%
89
137% I3714I3714:
49% 30
51
52
85 12 85 "a
American
Do
23 14
136
49
82
19212 19413
Adams
Chicago
Alton
Denv. Tex. At Ft. W., Vot.
49%
2514
88% 89%
Pacific Mail
Pullman Palace Car Co
Western Union Telegraph
Kxpress Stocks.
49
91% 93
21% 22%
5559 55%
85
§ Prices
86
I
5% Jan.
Jau.
41
7% May
1,200 21% Apr.
"466 35
600 21
50
"406 21%
1,6-iO
I
,
31
210 93
5,199
8,750
1,920
i,7tki,aoo
5 87
26 140
23 24%
24 29 '4
70
n
!)
1
31
3(1
3(1
87%
Feb.
Jan.
Feb.
Mar.
Apr.
Apr.
152% May
38% Apr.
7% Feb.
39% Apr.
I014 Jau.
23 Feb.
28I4 Apr.
32 Apr.
34% Apr.
7
23
11
12
24
17
3
15
12
9
11
2
8
fl
25
Jan. 28
20
Mar. 13
22
Jan. H
Jan. 2:1 42 14 Mar. 8
Jan. 4 105 Feb. 19
81% Feb. 20 9914 Apr. 12
19% Mar. 26 24 Mar. 12
48% Jan. 16 (M>% Feb. 13
80 Apr. 23 93% Feb. 26
from both Exchanges.
1
May
THE
CIIRONICL*:
4,
1880.J
-
LATEST PRICES OF ACTITE BONDS AT
BONDS
N. T.
JUmge Sinte Jan.
OUnlng.
gTOCK BXCHANGB, AND RANGE
A Pac— W. D. Inc., 88, 1910 IT'g
Qimr., iK, 1U37
7B»8
Can. Simtli.— lat guar., 5s, 1908 110'4
97'4
2a,5«,li>13
CenlnU of N. J.— Ist, 7», 1890 .. lOS'ab.
Conwil. 79, 1899
121
Convert. 7r. 1902
Baiumad
Apr.iO
3.
Lowett.
18
Atl.
17
Apr.
79>a !78«aJan.
109»sb. lOOHi Jan.
9«'4
93>4Jan.
lOU'sh. 103
Feb.
120 b. 1-JO Jan.
128 b. l'.>3 Jan.
113
lia<4
10(i3«.ran.
Gcneralmort., 5s, 1987
Leli.A\V.U.,con.7s, 1909,as'ut 119 b. 119»a
115>flJan.
Ulilb.
Ill
5s,
...
108
Dock&
lull).,
19-Jl
Jan.
Am.
I11314 Feb.
117
Central I'acmc-aoiil 6s, 1898
'
101% 102>4 llOl^Apr.
Lttiul KTOiit ««, 1X90
106 b. 103%Apr.
Mortttaife 68, 193«
116
b. 116 b.llSViJan.
.Mort.
68,1911..
ChcH.
Ohio.—
9«'8
Istconsol. 59, 1939
97
Feb.
111'4
110% 107 Jan.
C'hoM. o.
80. W.-6S, 1911
Jan.
Chle. Btirl.
l8t, 59, 1926. 100 b, 99i2h. 98
Chic. Hurl.
Q.—Con. 7, 1903. 132»3b. 132>4b. 131 .Tan.
102-%b. I0514I). 102%
Debenture 59, 1913
93%1). 92>a Feb.
Division,
Denver
49, 1922.... 95>fl
A
:94
*
&No.—
&
.
May
Nebraska Kxteiislon
48, 1927.
Chic. A- K. Ill.-l.st,8. f.,68, 1907
Cousol. 68, 1934
Generalconsol. Ist, 5.9, 1937..
Chic. Ga.s.l-.&C.— Ist, K,58,1937
Chic. &IiHl.CoalR., 1st, 5s, 1936
Chic. Mil.
St. P.— Con. 7s, 1905
1st, Southwest DIv.— 68, 1909.
l8t, .So. .Min. Dlv.—<i9, 1910...
l8t, CI1.& Pac.W.Div.— 58,1921
Wis. & Minn. DIv.— 5s, 1921 ..
Terminal 58, 1914
Chic. & N. W.— Consul. 79, 1915.
Gold. 78, 1902
&
94
93»8
91''8.Tan.
j
119»2b
Jan.
120>2b. 120ial). 118
Jan.
101% 103%
97 Jan.
94ia
94
83 Fob.
103 a. 103ia
99 Jan.
127 b. 127 b. 122ia Jan.
114iab. 114%b. 112 .Ian.
113 b. 113
illO Jan.
10714b. 10«i3b.' 103 Jan.
102'8b.i99 Jan.
103i..i
103
100 Jan.
143 b. 14558b. 143% Jan.
132
131>4b. 129^2 Jan.
122'sa. 122''2
119 .Tan.
'1I8
W7h
.
1
|
I
I
I
.
'
i
'
'
1
Cousol., 59,1902
11414b. Ill
122i3b. 118%
Mil. Lake Sh.&W.—l8t,6.s, 1921 121
92ia
Couv. debenture, 58, 1907 ...Uo2i2b. 10312
illlw. A: .North.— M. L., 68, 1910. 11013b. 110 b. 10<3i3
1
22% Feb.
.Tan.
Jan.
Jan.
Jan.
lOHi^b. 108i2b. IO514 Jan.
Extension, 1st, 6a, 1913
Mluu. & St. Louis— Ist, 73, 1927' 9113b
90 Jan.
Mo. Kan. & Tex.— Con., 6s, 1920 58%
5714
53 Apr.
50I3 Apr.
Cousol., 59, 1920
53
55
87I3 Mch.
Cousol., 78, 1904-5-6
90
91%
Mo. PacHlc— 1st, con., 68, 1920. 113
111513b. IIOI3 Jan.
II6I3 Jau.
3d, 7s, 1906
II8I3
Pac. of Mo.— Ist, ext.,43, 1938 101 b. 101
97% Jan.
105 b. 104 Jau.
2d mort., 7.9, 1891
Mobile & Ohio— New, 6s, 1927.. 11413b. 114«3 1112% Feb.
41%Jan.
General mort., 48, 1938
51»8
81%
1
I
i
'
no
118% Feb.
05% May
l'«7% Apr.
113% Apr.
108% Jan.
115 Feb.
KM)
108
Apr.
120*4 Meb.
107% Apr.
51% Meb.
76 14 Apr.
10«Pa Feb.
112>4Jan.
103% May
107% Apr.
100
76% Mcb.
»4
82% Jan.
62% Jan.
85% May
66
94% Meb.
117
109
112
Apr.
110
108
99
38
110
109
104
107
90
121
Jan.
Apr.
II7I2 May
II6I2 Apr.
114 Apr.
106 Apr.
IO513 Apr.
10413 Apr.
121 Apr.
May
103
107
Apr.
117% Fob.
IIOI4 Apr.
133 13 Mch.
112%
Apr.
123I2 Apr.
IO3I2 Apr.
Apr.
Ill
Mcb.
Mob.
122
120
103
Apr.
Feb.
00
06
40
96
Feb.
May
08% Jan.
May
May
Feb.
Feb.
Feb.
IO714 Apr.
60%
10
116
Mcb.
IO8I4 Feb.
100
99
Jan.
Mcb.
Mcb.
92%
85ia Mch.
34
99
Mch. 40
Moh. 108
Tol.A.A.AGr. Tr.- lst,68,1921 108%b. 108%b. 103
Tol. A Ohio Cent.- 1st, 5s, 1935 102 b. 102i8b. 101
108
103
104
Apr.
Apr.
Feb.
Apr.
Feb.
Apr.
Tex.
Tola.
A.
30%
AN. M.— lat, 63,1924 101 b. 107
b.'
103I3
Tol.St.L. AKan.C— l8t,6a,1916 lOJ^rt
Union Paciflc- 1st, 6.3, 1899 .... 118isb. 118'4b.
Laud grant, 78, 1887-9
Bluking fund. 88, 1893
117
117
Kansasl'aelllc- lat, 68, 1805. Ill b. llOisb.
112 b. 11 IHib.
l9t,6s, 1896
112i2b. 11514b.
Denver Dlv.—6s, 1800
II3I3 11613b.
lat oon.9ol, 68, 1019
Oreg. Short Line— lat, 6a, 1022 llJigb. 114
89''8
VlrginiaMld.— Gen. m. ,5s, 19.36 8SI4
Wab.St.I,. AP.— Gen.,6,9,Tr.rec. 43 b. 43 b.
101%
Chicago Dlv.— 5a, 1910, Tr.rcc. 100
WahaSh— M., 78, 1909, Tr. rec. 97 b. 96»9b.
AW.—
109W Mch.
101
lat, ext., 78, Tr. rec. 100
Tol.
l8t,St.I,.I)lv.,7s,1889,Tr.reo. 1<H> b. 101
99
2d,extciid.,7a, 1893, Tr. rec. 99
Con., conv., 7b, 1907,Tr.rco. 96iab. 98
Gt. West.- lat,78, 1888,Tr.reo. 102 a. 101
99
2d, 7a, 1893, Truatrocetpto. 98«3
92 Feb.
62 Jan.
57 14 Jan.
921-i.Ian.
115 HjApr.
121 1-2 Apr.
101 Jan.
105 Hi Apr.
1111-2 Apr.
52 14 Apr.
80
Feb
Feb.
Jan.
Apr.
Feb.
Apr.
121 Apr.
121 Apr.
1205, Apr.
107 Apr.
\
i
Mch.
May
109% Apr.
114% Apr.
!
OSH
02%
30 4
1758 Apr.
101% May
'
98
02 13
Apr.
32% Apr.
1
1
A
Jan.
e4%Jao.
'
Biriu. Dlv., ist, 6s, 1917
Pac.— 1.9t, gold, 5a, 2000
2d, gold, income, .58, 2000
Meb.
107% Apr.
100% Feb.
I
117 May
101 Apr.
121 13 -Mch.
Apr.
74% Meb.
118
I
I
Mat
ii7%i(eL
121% Apr.
120% May
li6>4MeL
108% Apr.
m
I
'
1
m
107
rabk
ltt6% Mcb,
113% Aur.
131 Mcb.
1
1
aSt.
llk')%M«L
'
.
L
10414 Apr.
;
1
Jon.
134
,
1
Note.— The letter "b"
NMh.
IMf.
ttightH.
M
MntualUii. Tol.-B.
Feb,
I,
«HM
Lottni.
f.,<ii<, inil. lOlkib. iai%h.
ju,.
Ch. & 8t. L.— lat, 7a, 1913 133>3t>. 134 b. 12» Jan.
Conaol. 5h, 1938
lOftis
lOSUb. UM^HJan.
O714 Fob. N. Y. Central— Extend., 5a, 1893 105
107
li>.|>4Jan.
10«i3 Jau.
N.Y.C.&H.— Ist.op., 78,1003 135>sb. 13A>3b. 133 Ju.
122 Fob.
Debenture, iia, 1 (MM
113 b. 112>3li.
Jan.
N. Y. A Harlem— Int, 7a, 1900
128M Apr.
130 Jan.
113 May N. Y.CUlc.&St. L.— lal,4a, 1037 95<1h
OS
91 \ Jan.
120 Apr. N.Y.Elevafed— lat, 78, 1906... 117111b. 118 b.
Jan.
Ill
Apr. N. Y. Ij»«lc. A W.— lat, 6.9, 1921. 1.35 b. 13(t"« 13miJan.
117 Apr.
Conatruetlon, 3a, 1923
114 b. 114 b. ini^Feb.
105 13 Feb. N. Y. & .North'n-lat, 5a, 1927..
100 b. 107 Apr.
1083s Meh. N. Y. Out. A W.-l«l, 6b, 1914. 111%
112
llOisMch.
118 Feb. N.Y.Sii8.&\V.-latret.,.5a, 1937 100
BOU
04 Jan.
97 '.I Api
Apr.
Midland of N. J.— lat. 6h, 1010 11913- 115 b. 114I4 Apr.
Ill '4 Ma
Way Norfolk & Weal.- Gen., 6s, 1931 118»sb. 121% 117i4Jan.
102 Mcfi. North. Pae.— lat, coup., 69, 1921 120% 120
llS^Jan.
I32I3 Apr.
General, 2d, coup., 1933
'115 b. 114%
112 Jaik.
106 Jau.
General, 3d, coup. 69, 1937... 108 Ub. 107 "ah. 97% Jan.
95i3.Mav No. Pae. Ter. Co.— Ist, 69, 1933. 10713b. 107 b. 103% Jan.
95 Ni Apr. Ohio lud. & West.-lst, 58, 1938 71 b. 71 b. S4>aJaD.
lI9i4JaM. Ohio A Misa. —Conaol. ,7a, 1898. 118 a, 117 b. 115 Jan.
I2414 Meh.
2d, conaol, 78, 1911
118>3 Apr.
101 Is Feb. Ohio 8outhem-l8t, 6a, 1921 ... 108 b. 1075Bb. 108 Jan.
95 Meh.
2d, Income, 6a, 1921
49 a. 49 a. 44% Jan.
105 Feb. Omaha & St. L.— lat, 49, 1937..' 75 b.
71i3j8n.
126 '-2 Apr. Oregon Imp. Co.— lat, 69, 1910. lOSUb. 105
102 Feb.
II314 Feb. Ore.R. ANav. Co.— Ist, 68, 1909 111
limib. llo Jan.
II314 Apr.
10514b. 102
Conaol., 58, 1925
lOSia
Jan.
107 >4 May Oregon A Transoon'l—6a, 1922. 104
10614b. loi 13 Jan.
1031-2 May
Penn. Co.—4138, coupon, 1921.. 109
108 b. loo's .Jan.
103 May Peo.Dec. A Evans.— l8t,6.3, 1920 107 b. 107 b. lo-tis Feb.
147 Jaii.
Evansv. Dlv.— Ist, 68, 1920... 106 lab. lOOHib. 102% Jan.
132 Jan.
2d mort., .5a, 1927
73'ab. 75 b. 66 Jan.
;123 Apr. Phila. AKoad.— Gen. 48, 1958.. 94
94
ggi^Jan.
Ill Feb.
Ist pref. Income 39, 19.58
8314
83
80>gMob.
68%b. 67'BMeb.
113 Apr.
2d pref. income 5a, 1958
69
109 Apr.
3dprcMncouie.58, 1958
54 b. .55 b. 54 Mch.
IO414 Feb.
Pitt»b. A We9t.— l9t, g., 4a, 19171 85ia
85
76i4Jan.
9812 May
855*
Rich. AAU.— lst,78,Droxeloert. 86
38 Jan.
134 Apr.
2d mort., 6s, 1916, Drexel cert. 3214b. 32'4
26 Jan.
IO712 May Rich. A Danv.— Con., 6s, 1915 .. I175hb. 118 b.
Jan.
123 Apr.
Cousol. gold, 5s, 1936
93'8
04
86 Jan.
100 Feb. RIch.AW.P.Ter.—Trust 68, 1897 101 13 100%
96 Feb.
9718 Apr. Rooh. A I'ittsb.- Con. 69, 1922.. 12 t a. 116 b. 113 jaiu
lOO-^b. 10713 Jan.
133 Apr. Rome Wat. A Ogd.— Ist, 78, 1801
illlis
II8I4 Apr.
Coiisol.,exteuded, .59, 1922... 112
lOSia Apr.
105 Jau. St. Jos. AGr. Isl.— Ist, 69, 1925. IO513 lOSiab. 104 Jan.
87% Feb. St. L.Alt. AT. H.— I9t, 7s, 1894 11314b. 113 b. ll2i3Jan.
108i4b.
87 Feb.
2d, mort., pref., 7s, 1894
105% Feb.
I2214 Apr.
2d, mort.. Income, 78, 1894 ... 10413b. 108 14b. 104I3 Jan.
81% Apr. St. L. Ark. A Tex.- lat, 6.3, 1936 92 '4
04 b. 90 May
3313
33
102 Mch.
2d, 6s, 1936
3214 May
9314 Mch. St. L. A Iron Mt.— Ist, 78, 1892.107 b. 107 b loeVj Feb.
89 13 May
10513b. 108i8b. 105 Jan.
2dmort.,7.9. 1897
108 13 Feb.
Cairo AFiUton— lat, 78, 1891. 103 b. 103 13
102 Jan.
CalroArk. ATex.— l3t,7.9,1897 107 b. 107 b. 104 Feb.
40 Feb.
83%
Gen. U'y A land gr.. 58, 1931
85
104 Feb.
81 Jan.
121
10714 Apr. St. L. A San Fr.—68, CI. A, 1906: 1 18
1 16
Jan.
'118
!l21 b.il5%Jan.
106 Fob.
68, Class B, 1906
118 b. 121 b. 1151.2 Jan.
14178 Feb.
6s, Class C, 1906
120 b. iisie Jan.
General mort., 6s, 1931
113 Apr.
106''8b. 106 b. lOlH Jan.
General mort., .5s, 1931
123 Feb.
S.P.M.A.M.-Dak.Ext., 68,191011812 122
118 Jan.
I06''e Apr.
11913b. HOisb. 11513 Jan.
97 May
1st conaol., 6s, 1933
reduoedto4i38... 10213b. 102 b. 98i4Jan.
9558 Mch.
Do
9714b., 96I4 Feb.
08
Collateral trust, 58, 1898
25 Feb.
MontanaExt. l8t, 48, 1937 ... 8914b. 90
116 Feb.
83% Jan.
91 b. 87% Apr.
Shen.Val- l8t,7s, 1909,Tr. rec. 96
8713 Jan.
38i8b._ 31
General6s, 1921, Trust reo... 40
Jan.
124 Feb.
10913 Jan. SouthCarollna- Ist, 68, 1920...' Ot b. 93 b. 90 Jan.
74 13 .Ian.
2d,6s,1931
47 Jan.
S'sb.
513b.
Income, 6s, 1931
S^Jan.
8038 Mch.
106 b. lOSisJan.
10914 Apr. So. Pac., Ariz.— Ist, 68, 1909-10. lOfiii
Ill Apr. So. Pac, Cal.— lat, 6.3, 1905-12.. 11514b. 116 b. 114 Jan.
129 Feb. So. Pac., N. M.— lat, 63, 1911 ... 107 b. 107 b.lOjisJan.
128 Apr. Tenn.C. LARy.—Ten.D.,l8t,6s 94 %b. 0413b. 89 Jan.
83
'
!
May X Apr.W
llOigApr.
I
|
kaxgt
'
SinkiuKfunilOs, 1929
llO^b
108'aJan.
Sinkint; fund Tis, 1929
SInkinKluiuldebent. OS, 1933 11038b. 113 b. 109 Jan.
25-vear debenture 3s, 1J09... 105'4b. 109 b. 105 Jau,
100 b. 101 a.l 98 Jau.
Exitnlionis, 1926
98
95 Mch.
Chic. I'eo. & St. L.— Gld. 5s, 1928 SB's
131>4 Mch.
Chic. K. I. APac.— 6s,oonp.,1917 134 b. 134
107% 104'58.'au.
Extension & col. 5s, 1934
II9I3 Jan.
Chic.St. P.M.&O.— Coii.(i.«,1930 122.%b. 123
99 a. 96 Apr.
Ch.St.L.A Pttt.— lat,con.5s,1932 97
Cleve. & Canton— l8t, 38, 1917. 93'2b. 96 b. 92>2.Tan.
Jau.
C. C. C. & I.— Cousol. 79, 1914.. 135 b. 134isb. 130
H7i-2b. 117 b. 112 Jan.
General 69, 1934
i)H^)i. 97
9358 Apr.
Col. Coal & Iron— l8t 6s, 1900.
76
74 Apr.
Col. U. Val. & Tol.—Con. 5s, 1931 76
76
76
75 Apr.
General Kold, 6s, 1904
121%b. 119 Jan.
Denver ^t Uio Gr.-lst, 7.s, 1900
8114
8114
75 Jau.
l3t cousol. 4s, 1936
E9»9b. 84'2 Jan.
Deuv. & K. G. W.— l3t, 68, 1911. 100
86ia
A-sseuted
87'a
73% Jan.
87 "sb. 81 Jan.
Denv. S.Pk.&Pac.— l8t,7s,1905 89
Det. B. C. & Alp.— l8t,K.,63, 1913 107'4 1073ab. 103 Jan.
Det. Mac. c(£M.—Ld.Kr.3>38, 1911 38 a.' 35 b. 34 Jau.
9678 Jau
Dul. & Iron Range— Ist, 5s, 1937 99'a lOO
102 Jau.
E. Tenn. V. &G.—Con., 3s, 1956 UMiab. IO7I8
102iijl'.l99
Jau.
EUz. Lex. & Bit? San.— 6.9, 1902. 103
139 b. 137 Mch.
Erie— Ist, cousol. gold, 78, 1920 139
113 b. 112i2b. 110%Jan.
Ixjug Dock, 78, 1893
llO^b. 119 b. 118 Apr.
Cousol. 6s, 1935
N.Y.L.E..t\V.—2dcan.6s,1969 10658 106Ta [98 Jan.
93I3
96^8
Ft W. At Denv.
Ist, 63, 1921
90 Jau.
Gal.H.&SanAnt.— W.Div.lst,5s 9213b.' 95 b. 92% May
2II2
Gr.B.W.&St.P.- 2dinc.83, 1911 21^8
18 Jan.
QulfCol.&Sau.Fe— Ist, 73,1909 1.0% |109ifl IO6I2 Jan.
72
Gold, 09,1923
75
70 Apr.
Han. * St. Jos.— Cona. 68, 1911 12113b. 122
12014 Jan.
103 b. lOOia Apr.
Int. & Ot. No.— l8t, 6s, gold, 1919 104
6213b. 63i8b.; 6313 Apr.
Coupon, 6.3, 1909
71iaJan.
Kentucky Cent.— Gold 4, 1987.. SOis
80
108% 'lOl Jan.
Knoxv. &0.— 1st, 6s, gold, 1925 109
limb.
Erie*
lllHib.
L.
We8t.—l8t,g.,5s, 1937
107 Jan.
LakcShore.-Con.cp.,lst,73,1900 127 b. 12si?a. 125)4 Jan.
127%b.
Cousol. coup., 2d, 78, 1903.... 128
124 Jan.
ll4>4Jan.
Long Island— 1st, con., 5s, 1931 117 a
IOOI3
92i3Jan.
100%a.
General luort., 4s, 1938
l.ouisv.&Nashv.— Con.,78,1898 119 b. 118 b.'117iaApr.
11738b. 11738b. 116 Jan.
E. II. &N.— Ist, 6s, 1919
11638b. 112 Jan.
General, 6.9, 1930
116
,114 b. lOiJia Jan.
114
Xm8t Bonds, 6s, 1922
104%b. 106 b. lOlijJau.
10-40,68, 1924
50-year 58, 1937
98 Jan.
96I4 Jan.
CoUiit. trust 58, 1931...
'IO314
101
Louis. N. A. &Ch.— Ist, 68, 1910 121
121 b. 1124 Jan.
Cousol.,gold, 69, 1916
103
!l02
i93 Jau.
10213 Jau.
Mem. i Char. —6s, gold, 1924... 10658 |106
Metro. Elevated— l8t,6s, 1908.. 117 b.
lll'^aJau.
2d, 6s, ISO!)
106%b
106 Jan.
131i4Jau.
Mich. Ceut.— lat, con., 78, 1902. 130 b. 133
C—
Bohds.
Hiiihttt.
!
HIlfCB JAH.
Obuing,
1.
Railroad Bonds.
M'ly
683
Weat Shore— Guar., 43
West. N. Y.
A Pa— lat,
.5,
107%
1937. 100%
IO714
100«9
b.
b.
b.
Jan.
Jan.
92>3 Jan.
115
.Ian.
11838
May
102%
Feb.
102%
Feb.
116i4Moh. 120% Jan.
II013 Apr. lIl%Jan.
10913 Jan.
12% May
112
Jan
117
111
Fob.
114%Jan.
go Apr.
78% Jan.
37
Apr.
I
Apr.
42
Feb.
88% Jan. ,101% Apr.
02% Apr.
86 Jan.
89% Jan. 100% May
93% Feb. 08% Apr.
'
I
87
'
85b.
b.
1
I12i3May 115% Feb.
80
86
'
Jan.
Feb.
Jan.
100% Apr.
100% Apr.
Mob.
98% Way
103
Apr.
102% JU. 107% Mar
;
OSitJan.
101
44
105
Apr.
Feb.
Apr.
104% Febk
38iab. 39%
39% Apr.
2d mort., .3g., 5ac., 1927
»S''8Jan.
104%
West. Un. Tol. -Col. tr., Sa, 1938 lo5
Wheel. A I.j»ke E.— lat, Sa, 1926 102%b. 102%b. 103 Apr.
'
I
tndioatea price bid,
and "a"
price asked
:
all
other pricoa and the range are from actual sale*.
»>TATE BItNDS.
SECURITIES.
Alabama— Class A,3 to 5
Class B, 5s
Cla.ss C, 4.3
6s, 10-20
I
1906,
1906,
1906;
1900
ArkausiLs- 69, funded
1899-1 9()0
.
7s, Little Rock
Fort Smith iss.
78, Memphis A Little Rock ls.3...
78, Arkansas Central
Geornia- 78, gold
1890i
Louisiana 7s, cons
1914
.
Bid.
11
RR
Stamped 4a
Michigan- 7s
1890
6s,
i
loan
North Carolina— 6.9, old
Funding act
New
j
I
M1.9.3onrl— (is
13'
06%
bonds. J.
Chatham
102%
Ot
RR
A
68.
J.
A
J.'
107
111
110
110
33
1000
10
20
S
1010.
95%
lOtO 122
Bid.
Rhode iKland—6», vtnx.A «03 1 S94 110%
101%
J. ...1802-1808
Special tax, Cla-ssl
Consolidated 4a
BECUBTTIES.
Bid. [Ask.
due 1889 or 189o;
Asylum or Uuivcralty, due 1892
1804-1895
Funding
101% 102%
1 802
New York—68, loan
101%
1893i
A
—
SECURITIES.
Ask.
105% 100
South Can>llna—6a, non-fund. 188S
1«03
Brown eousolldated, fle
!
ft
1802-1898
04 1......
Tenues.3ee-69,old
1912 74 •
Compromise, 3 4-S-6B
1913 104%'..„..
New settlement—6a.
1913
103
0«
1013 72% 78%
3«
Virginia—tla. old.
6a, oousolldated bonds
'I
.,....].. ...^
6a. oonaolldated, 2d aerie*
r
i
'
1
1
!
I
'
'
6a. deferred, tru.st rw^-lnta.
'
'
SH
. '
1
584
..
1
THE CHUONICLE,
'
XLVra.
[Vol.
BOKDS-STOCK EXCHANGE QUOTATIONS ON FRIDAY OF THE LESS ACTIVE
RAILROAD BONDS.
SECURITIES.
Bid.
SECURITIES.
Ask.
Railroad Bonds.
(Slock Bxchavoe Prices.)
Ateli. Top. & San. Fe^i28...1920
einldiig fund, 68
1911
Chic. S. Fe & Cal.— Istg., 5s. 1937
Atlantic & Danv.— Ist s;., 6s.. 1917
94% 95
Bait. & Ohio— 1st, 6s, Park B.1919 117
12112
5s. gold
1925
1988
Cons, mort., sold, 58
Beech Creek— 1st,
Bost. H. Tun.
gold, 4s.
& W.—Deb.
Brooklyn Elev.—l8t,
.
.
Mobile
.1936
91
91 12
100
..1924
110^2
2d. 3-08
1915
Union El., 1st, guar., 6s.... 1937
Brunswick West.— Iat,g.,4s.l938
91
106
i
<fe
Buff. Roch. & Pitta.— Gen., 5s.l937
Roch. & Pltt.s.— 1st, 6s
1921
Burl. Ccd. Rap. & No.— Ist, 58.1906
Consol. &coll,at. trust,^8...1934
Minn.
Iowa
&
C.
•
98>4
118 II8I1!
99 "4 100
i
L.— 1st, 78, gu..l927
& West.- l8t, 7s .... 1 909
St.
Ced. Rap. I. P. & N., Ist, 6s.l920
^ Ist, 5a
1921
Central Ohio Reor.— 1st, 4io8.1930
Cent. RR. & Bank.— Col.(;.,58. 1937
Cent, of N. J.— Conv. deb., 68.1908
Central P.aoiflc— Gold bd8.,68.1895
Gold bonds, 68
1896
Gold bonds, 6s
1897
San Joaquin Br., 6s
1900
Cal. <fc Oregon- Ser. B, 68. .1892
Wost. Pacitie— Bonds, 6a
1899
No. RaUwiiy (Cal.)— lat, 68.1907
Clies. & O.— Pur. M. fund, 6s. 1898
A
&
&
Sinking fund, 68
I.oiiis.
I
103
100
106
115
I
,
II5I2 lieifi
2dmovt
2<i.e'ifi,r. (188),73
Mlss.R. Bridge— 1st, a.
112
112
C.
&
L. Sup. Div., OS
Jargo ASouth.,
. .
96
.1916
.
f'^J^T?*'"*'=o-lst, 73.1898
w^if
Win. &
St. P.— 2d. 7s
1 oil';
Mll.&Mad.-lat 68
ioo',
•
Ott.C.F.&St. P.-r5st,"53-l9(^0 IO714
Northern
Ill.-lst, 58... !
1""^^^M'"'<1
i
1
&
Paciflc?!?^'!',"'''' * ^'- D.-l8t, 4S.1905
ztQs
J-sr,
100^1
107 12 108 >4
80
Extension, 4s
\'ni,'i,
80
fnwr^'l'v*;"'"?*'"--i"«f.5s::i923 104 If 106
6s
1915
117
'fT-^^t.
CI o' St
f;
"^- /\* K""- City— 5s
1936
iV^"
Minn. &
N. W.-lst. e "^^^^^
5a lO^J
Chic. St. Paul M. &
123 125
^n' wli'/- *• ""'"--Ist, 68.191
"^~^ "''68
1930
St I'aiU
pIulTa
Bt.
& e.
lat, 68
loi
Chic. & W. lnd.-l.st, s. f
;os 191S 111
General mortgage, 68
193:; *116
o-
f-
C—
^2d,^goS;iiS-^---^-.^«i«o5
;;coi8Sf:,r.?^.'.<:-'^"«'^^-"-*4^io^
99
100
Clev-e.-l8t,
78.. 1890
rm,f^l^-A
Consol
1st, g.,58
1928 103 12
InO.-lst, 7a,8.f.l899 121
*
123'
Cn'SLS'";
Consol.
sink, fund, 7s..
1914
Clcve. & Mah. V.-GolU
5;"i9S8 109 14 iio'
Con'mb?a*i'?^''"'^-l°t"'^'es.l9.36
^reen—lst, 6s. ..1916
Zd^s
Seria'^i""i^l^'^¥Fl'^>V-6s:i9fS
Mor^'4*7?.:-^™^"-'-7''-J|0^
Svra. Bing. & n. Y.-ls'fTVJon,;
Es8ex-i8t,7l'.I'';}l!?5
Morris*
_.
Bonds'.Va;:::::
78of 1871...;:
lst.con., (fiiar., 78
Del.
& Hud.
lonn
tool
iqib
Canal-lsV, 7s"•"--i".'!
1891
J»t, extcfiision,
73
'
.1891
.1894
l'a.aJiv.,ooup., 78.'
loj^
..1917
Albany & Susq.-lst,gu.,78:i90('
^',""'' 6"
19(M,
R,.n!' ^"S""
•Coupon, 78
^
*
Atl.— Gold
.»ia..
19-17
^" Pri^el^^these
75
Kan.
,1
0.
® «^;,^'-
•
41
St.
7s .1907
2d, income, 68,
2d, income, 6s,
& Chic.-lst. con. 6s. 19271
A';.?^-~^''''-S''-lst,78.1895 ibfii ib8
'
104% 105
86I2
1917
1917
190"
Michigan Central— 6s..
Coupon,5s
Jack. Lan. & Sag.— (is
'1931
isoi
Impr. & equipment, (is.
192"
Minn. & Pac— 1st moitg.. ,53 1936
Mlnn.S. Ste. M. & At!.-l8t 5sl92(i
Missouri Paciflc- Tiiist,g.,5s 1917
Mobile & Ohio-lst ext:f68..1927 106%
Ist pref. debentures...
2d pref. debentures ...!.!!!!!!".
* '
'
DuliUliA-.M:niit(.hii-l*t " (isl0?(i
are the latest quotations
A-
!M„. l!.__i..t. r.s....1937
madolSri^^
I
iioi.
109
ol.
A.A. &Cad.-6a...
A. A.
&
Pe(n-ia
Mt. P1.-6S
& West.— 1st,
Union Paciflc— 1st, 68
;
1st, 6s....
1st, 68
::::;
Callijteral Trust, 6s
Collateral Trust, 5s
C.Br. U. P.-F.c,7s:
105'
"95"
ii2"i
104 14 ids'
11712
118
116'
9014
90 ia
"76'
112
55
55
"45'
45
110
98
97
::i919i
4s. 191
76
.18961 115
..1897 116%:.::;:
..1898: ,117%|il8
1917
.
I
..19081 10512I
..1907
9.)i2i:::::
18951
,. .,
100
Atch. Col. & Pac— lat, 6s.. .1905
93'
92
25
Atch. J. Co. & W.-lst, 6s.. .1905
Ltah Southern— Gen., 73 1909
- Exten., 1st, 7s
1 909
*P'"--lst,g.,5s.l918| 98%
K;^- l'"i;
(Utah*
Northern— Gen., 5s. 1926i
;,;•- .Y-"',''^-'^ '^'y t'o- of O.-Con. 63.1921
106
70
Milw.L.S.&W.-E.it. & Imp., 5s '2ii
Michigan Division, 1st, (is 1924 116
Ashland Divisian— 1st. Gs 1925 117
Incomes
100
Minn.&St.L.— I'a Ex.'.ikt', 7a.l9()<i
2dmortg.,78
I891
Southwest Ext.— 1st, 7s
1910
Pacitie Ext.— 1st, 6s
1921
96
iTol.
iTol.
971^
100
Ti'xas Central-lst, s. f., 78:.:i909
1st mortgage, 78
1911
T(>xaa & New Orleans— Ist, 7s:i905
Sabine Division, 1st, 6s
1912
Tex. & Pac, E. Div.-lst, 63.1905
1910
"A"
"B"
88
40
119
Louis
Ist, trust, gold, 58
1987
¥?"=• 9*7. * S.-lst, 68, g.l910
Ft- 8. & y. B. Bg.-lst, 6a.l910
St. L. K. &80. Wn.-lst, 63.1916
Kansas Mid'd.- Ist, g. 4s. 1937
„^
11212
101
50
& Omaha—l,8t, 58.. 1927
H.-Div. bond8.1S94;
& So. Ill.^lst, 8s.. .1896:
& Car.—1st, 6s
1923
.
6s...
70
oI't
8t.L.&S.Fran.—
lst,68,P.C.&01919
9412
E(iuipmeut, 7s
1895
"s
193(1 II714
S5J- f H--''"*'
N.O.&M.-2d,
6s
1930 107
Fcnaacola Diviaiou, 68..
1920
St. Louis Division, 1st, 6a. .1921 il7
.2d, 38
1080
62
Naahr. & Decatur— 1st, 78 1900 I22I2 124
f.,
118
"^ ''•
36
Be lev.
115
Bellev.
109
Chi-St.L.&Pad.-lst,gd.g.58 1 917 100
St. Louis So.-lst, gd.
g 48.1931
82
'
lst,7s 1901
&N. Ala.— S.
1471a
141
127
Watert. & Ogden .—
Nor. & Mont.-lst g., gu.5s.l916
Rome W.&Og. Term.— lstg.5s,l 918
St. Jos. A Gr. Is.-2d inc
1925
19(M)
Pens. & At.— Ist, 68, gold... 1921
Lou. N. O. & Tex.— 1st, 4s.... 1934
2d mort., 53
1934
Manitoba S. W. Col.— G., 53. 'l934
Mexican National— Ist, g., 63 1927
iis"
Rome
St. Paul * Dnluth-lst,5s....l931
126 123
2d mortgage 5s.
1917
1903 I27I2 128
St Paul Minn A M.-isf, 7s::i909
Mahon'g Coal RR.-lst, 5s.l934l 109
2d
mort., 6s
1909
Litehf. Car.& West.- 1st 6s. 2.1916,
10612
Minneap. Uninn- ist, (is: "1922
Longlsland— 1st, 7s...
189s
Mont. Cen.— 1st, guar., 6s.. 1937
N. "Y. it R'way B.— let, g. 58.1927 101
East. Minn.. 1st div. lat 58.1908
38'
2dmortg„ Inc
1927
28
San
Ant. & Arans.— lst,6s,'85-1916
N. Y. & M. Beach— l8t, 78. .1897 114
118
Ist, 6s, 1886
19.26
N. Y B. & M. B.-l8t, g., 58.1935
Scioto Val.— 1st, eons., 7.s
1910
Brooklj'n & Mont.— 1st, 63. .1911
Coupons
off
l8t,5s
191]
Rodus Bay Ac So.— ist, .5.s,-g"']9')4
SinithtowiiAPt.Jeff.—
S.
"92% 9iii
-
100 is ib2"
i
&Nash.— Ceeil.Br.,
t
.
113
117
Iowa Central— lat gold, 5a. . .1938 87
Kan. C.Wyan.&N.W.— lat, 58.1938
Lake Shore & Mich So.—
Cleve. P. & A.— 7s
1892 109
Buff. & Er.—New bonds, 7s 1898 119
Kal. & w. Pigeon— 1st, 7.S...1890
pet. M & T.-lat, 7s
1900
Lake Shore— Div. bonds, 78 1899 122
Consol., reg., l8t,78
Consol., reg., 2d, 78.
106
103 12
114 115
108
110
--I
'
8312
& Lake Ch.-l8t, con. 6s.l920l
& Miss.— Cons., a. f., 7s.. 1898!
103% 104
Pitts. Painsv. & F.-lst, 5a'l916
99 100
Pitts. Y. & Ash.-lst, 5.8
19S7
101 14 101 lo Pieac't & Ariz. Cent. Ist,
ds.g' 1916
9612
114
2d income, 6s
1916
117
Rich. <t Danv.— Debenture (Ss:i927 ib2i4
idsia
117
Atl. & Char.-l8t, pref., 78.. 1897
'
82%
Og?'
Ohio
Ask.
Spriugfleld Div.-ist 7s.. :i905l
General 5s
1032 91
Ohio River RR.-lst,' ii!>'
1 936
100
General mort., gold, 58....:i937i
80
94I2 Oregon A: California—
1st, Sa 1927
Panaiua-Siuk. fd., sub., 6a.. .1910
.' [Pennsylvania
RR.— ,,.„f. u
^"'s.(^& St.L.-l8t, cp., 78.1900 118
120
Pitts. Ft. W. & C.-let, 78... 1912 *150
112 116
2d, 78
1912
110 111
3d, 7s
"1912 139
120 124
Clev. & P.-Cons., s. fd., 78:i900 126
109
4th, sink, fund, 68
1892 IO6I2
1061a
St.L. V. &T. H.-lat, gu., 78:
1897 116
95I2
95
2<l. 7s....
'107
1898
83
2d, guar., 78
18O8 111
loo's
't^«k;Uion-lat,
68"::i92i
l-2ii.';J9fiS ;^?.T''
1^4i2il26i2
2d mortg., 41.2s
10'21
12412 126 iPine Creek Railway-6s:::::"l932
Tol.-lst,
V'eve. &
68.. .1022
nolo
iVr- K'll'11912I21
Pitts. Junction— 1st 6s
1022
78121 78% Pitts. Mc K. & Y.-lst Tis
103^ 112
108>2ll08'8
St. L. tt Cairo— 4s, guar
*i93]
71 li
Morgan's La. & T.-lst, 6s.:: '1920 112
92
lst,7a
iqifi 123
IIOI4
Nash. Chat. & St. L.—
'(is"l901
138 i'39' New Orleaua & Gulf—2d,
lat, 6s -I92(i
134
N. O. &. No. E.-Pr. 1., g., 6s.:i915
N. J. -Tjinction-Guar. 1st. 4».198e
104
id7% ibf'e
?',?• fi ^-^H*- ''•'«• '1S1903
w
N. V
Y. it NortheiTi2d. 4s
19'>7
?,"*"!• * ^est.-Deb. (ia:i897
I44I2
^•ol2d, 41*18
1UQ7 79
1071*
N. Y. Tex. & Mex.-l^t'.-iV
1912
lOS^o
Northern Pac— Divid. serin cxt
ioij'
114 iisi^
Jaim-s River Vai._if.t,;^jg3y
1061;
147
SpoKiuicV l'al-l8t, 6s
193(1
losi133
St. I'iiul A- N. P.-Gcn., (is
1923 ng :
123'8 i24iii
14612
±»'l. So. Sh.
120
1951 117
I.B.&W., con. inc. Trust receipts
Ind. D. & Spr.- 1st 7a, ex. cp.l906
Ind. Dec. & West.— M. 5a
1947
2d M., inc. 58
1948
Louis.
j;"'"i«"lv'.Tlst- conv., 7s. ..1898
n»«^V
116
1907
Gold, 5s, coupon
Bid.
W^New
95
*
Dub. & 8. C— 2d Div., 78 ...1894 110
Ced. Falls & Minn.— 1st. 7s.. 1907
65
Ind.Bloom.&W.- 1st, prcf. 78.1900 115
Ohio Ind. & W.-lst iif.,5s..l038 100
107%
Ohio Ind. & West.- 2d, 5s.. 1938
37
9712
Chicago & NorthwestemEscanaba & L. g.-ist, (is. .1901
Ill's
pes M. A Minn.— l8t, 78
1907 126
Iowa Midland-lst, 8s..:;"l900
. .
.
2<1.6s
llSia
1921
1924 i'lS"
.1916
87
Assu
6s,
<fe
Illinois Central— 1st, g.,
Ist, gold, 3123
II214
Chie.MU. & St. P.— ist, 8s,P.b;i898 i25" 91
127
2d, 7 3-108, P. D....
1898 118 120
i8t,7s,$g.,E.D
;;::i902 125
1st, La Crosse Division, 79.1893
112
Ist, I. & M., 7s
1897 116
let, I. <fc D., 78
1890 II8I2
1st, C. &M., 7s
!;"l903 125
1st, I. & D. Extension, 7s... 1908
126%
lat. Southwest Div., 68
1909 II4I2
lat, La C. & Dav., 5s...
1919 103
1st, H. & D., 78
"1910 122
1st, H. & D., 5a..
'"1910 103»4
Chicago A Pacific Div., (is. 1910 119 105
120
Chic. & Mo. RIv. Div., 5s. ..1926 102
14
Mineral Point Div. 53...
1910 101%
Inc. cony. sink, fund, 5s.
Dakoui A- (it. South., 58.
1. 78.Tr.rec.
78,Trii8t rcceipts.1891
Nor.— 7s. .
1901
m.Ss.M. 1. Trust receipts. 1913
Waco
Gen. luort.Os.Trust receipts 1925
48 ...1951
1951
Gold 48
1952'
Springf. Div.— Coup., 6s
1898
Middle Div.— Reg., 5s
19211
C. St. L. & N. O.-Ten. 1., 78.18971
l.st, consol., 78
1897
117
68.1912 107
f.,
& Indian.— Ist, eonB..1926
Fliut&P. Marq.— Mort.. 6S...1920!
Gal. Har. & San Ant.— 1st, 68.1910
2dinoit.,78
1905
Grand Rap. & Ind.— Gen. 58.. 1924
Green B. W. & St. P.— l.st 08..19H
Hou3atonie— Cons, gold 5s... 1937
SECURITIES.
North(;rn Paciflc-(Continued)North. Pac & Mon.-lst, 6s. 1938
toeurd'Alene— l8t,6s,gold 1916
91
Nn,S."fw'"''i"^''S'-l8t,g.,68.1938;
9612 Norf.&
Riv., Ist, 6e.l932'
Imp. & Ext., 6s
1934
Adiustment M., 7s.
"'l924
Equipment, 5s
1908
1897 II6I2
Evans.
2d
117
189S
189S
Chic. Burl. & Nor.—Deb. 6s. ..1896
Chic. Burling. A- Q.— Ss.s. f..l901
Iowa Div.— Sink, fund, 5s.. 1919
Sinking fund, 48
1919
Plain, 4s
I921
6e... 1918
Buff. & 8. W.-Mortg. 68. .. .'1908
Eureka Springs E'y— lst,68.g.l933'
1st
115
Ask.
2d, extended, 5s
1919 '113Ja
3d, extended, 412S
1923 108
4th, extended, 53
1920 11358
5th, extended, 4s
1928 *'101 1^
l8t, cons., fd. coup., 78
!l926
Reorg., 1st lien, (is
...1908
...„„„ 110
B. N. Y. & E.— let, 7s
1916 143
N. Y. L. E. & W.— Col. tr.,6s.l922
Funded coup., 58
1969 9312
Income, 6s
1977
West Div.
7s.l900 122
(360), 7s
g., 5b.. 1937
Hous.&Tex.C— lat. m.
1903
& Mo. River— 1st,
2d, 7a
1900
St. L. Jacks. & Chic—is"t,78".1894
1st;, guar. (564), 78
1894
Birui.- lat,
lEvan. & T. H.— Ist, cons., 68.1921
Mt. Vernon— lst68
1923
I
.
OS, gold, series
1908
Chcs. O.
So. West.— 2d, 6s. .1911
Chlcaeo
Alton— 1st, 78
1893
&
Alabama Central— 1st
Erie— Ist, extended, 78
no's!
5s. 1913
g., 68.
Bid
!
E. Tenn. Va. & Ga.— Ist, 78.. .1900 123
Divisioual 5s
1930 112
latext.. gold, 5a
1937
Equip, (fc iniprovem't, g., 58.1938
ns
101
\Vab.8t,L.&Pac-Gen.M.,68.1920
Chicago Division, 5s
1910
Detroit Div.— 6s, Trust rec. .1921 i'24%
V, abash, M., 7s, 1879
1909
T()ledo
St.
'90'
72
l'2'4
'
& Wah.— 1st ext., 78.1890
Louis Division, 7s
i'a'e"
iisiii:::;;.'
...1889 118
...1893
...1883
Colsol. conv., 7e.
...1907
Great Western— 1st, 78 ...1888 118
2d, 7s
...1893
Quin. & Tol.-lst,78,'fru's't'fcc."
*
9912
^'ap'csIst,
Tr.
rec
78,
991a
Jf,'"J- .i*'
III.
2d mort., ext., 7s
Equipment bonds.
. .
. .
&So. la.— 1st, ex., 68,Tr.i-ec.
8txL-j^-C-&N.-R.E.&RR.7s.l895 'i'l'i
St.CharlesBr'ge- lst,6s...l90s
No. Missouri— l.st, 7s
ls95i il'i" 116
Warren
.
"
& Frank.- 1st, 7s. . ls96i
West. Va. C. & Pitts.- 1st, 6s 1911
iriiNcellaiieoim HoikIk.
Am. Water W. Co.— 1st 6s
1907 110
I'ahaha Coal Min.— 1st g. 7s 19071 112
Col. * Hock. Coal A-L- 68,g 19171
98
.
54
'so'
100
'1905' 100
102
oa 1926'
Ilciuicrsdn Bridge— 1st .g. 6s 1931 i'doia
Kililitnbb-
(i. A-
ll:i(kciisaik
F.-lst
(is.
Water- 1st.
Co.— (is.
1901
TckCTaph.— 7S....1904
Inii] stc-niilioal
N'orthwi-st
People's Gas A- Coke / lstg.6s,1904
Co., ChiC(ig(K
s 2d g. 6s,1904
Phlladelpliia Co.— 1st s. f. 6s 18981
i'd438
J'',''"", ''''•-C'oup. 78. . 1 9001 116
in!tt hitebr'at Fuel—Gen. a. f.
6s.l908' 103 12
:
.
.
.
9
May
City
Bank Statement for the week endiriR April
We omit two ciphers (00) in all vasei'.
27, 1889. is as follows.
Loam
Capital. ISurplw.
3p*cU.
LetaU.
a.ooo.o
i,&aa,3
2.080.0;
l,19tf,7
Morohaotfl'.
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
1,000.0
City
Tra(le«raen'a
Merctiants* Kxcll'UKe
Uallatln National
Biuoliora' & Drovers'.
A Traders
MoohanlCH'
OrooiiwKih
,
Iieather Jtauafaot'rs.
S«venih National
8Ut«o( New
York...
Amorloan Exchange..
Comnierce....
Broailw.iy
Mercantile
Pacific
Bepubllo
Ninth
New York Coiintyll"
German. A merican.
Chase National
Fifth Avenue
German Exchange'"'
Germania.
.
Tnl ted
States'!
lilnooln
Garfleld
Fifth Natlonai-.!!""
of the Metrop..
side
Bank
West
',','/_
Seaboard
filxth National..."""
Western National
Total
Baxkb.
1,(1.17.(1
10.85:1.(1
18,593,1
8,455,0
8,2,'<7,2
1,650,7
210,2
1,033,7
•122,7
1,500,0
8'24,5
428,1
2,610,1
494,8
418,9
450,0
200,0
700,0
2,838,3
12,144,1
5,097,4
1,980,7
1,151,1
415,1
18S,6
386,2
1,101,1
4,8.^9,0
234,6
362,3
4,277,0
1,500,0
2,000,0
240,0
250,0
3,200,0
2,000,0
300.0
750,0
600.0
1,000,0
300,0
250,0
200,0
750,0
500,0
100,0
200,0
200,0
600,0
800,0
200,0
120,6
1,358,4
406.6
212,0
289,7
237,8
122,6
387,4
130,2
208,c
631,'2
703,9
3»6,e
365.5
605.3
217,3
261,4
252,^
461,3
218,4
127,5
80.8
162,8
1
••
J...
Philn.*
Apr. 13....
'
"
1,970,9
3,810,0
5.'J28,S
6,1486
•2,l5;i,0
•2,(124.4
2,196,4
63.M
11,084,0
936,6
282,0
162,3
127.7
4,19i(.8
660,i;
3,308.2
404. '2
62,7
2,!13»,8
•2,892,0
1,304,9
775,6
426.4
312,7
9,208,1
1,380,7
•2,879,0
3.819,1
3,869.2
3,333,8
1,769,5
6.483.8
268.2
440,'2
183,2
342
1,021,8
•2,H72,0
288,0
450,0
32,5,0
657,0
391,0
2,009,2
4,264,0
2.180,1
125.1);
898,8| 10,132,9
53,452,7 113,914.2 86 922.0 36,675,4l440,li81J
Loans.
Specie.
\DevosiU.'
Lfjtilx.
$
34,5978 95,580,0
26,363,0
,{4,597,8
2ii,819,0
27....
31. ,597,8
94,930,0
93,295,0
437,936,7 4,292,9 642,126,2
430 8 111,.! 4,309,7,711,113,8
434,143,8 4,273,1698,155,9
440,835,0 4,13.i,0 628,774,9
440,681,8 4,128,0 636,036,3
27,761,0
TTe omit two ciphfn in aU these flguref,
aelphia, the Item • due to other banks."
I
96,178,0 2,320,0
98,535.0 2 3'20.0
96,933,0 2,320.0
66,382,4
66,569,9
68,328,3
and Phlla-
+ Inclndlng, for Boston
Qaotatloiis in Boston, Philadelphia and Baltimore:
Following are quotations of active stocks and bonds. A full
iist is given in the Chronicle the third Saturday of each month
_
SECURITIES.
Bid.
SECURITIES.
Ask.
BOSTON.
EAILROA STOCKS, t
Atchison
Bo.stdu
A
BoBtdn
Trust, 83
Bull. <fc Mo. R. In
Top(,^ka
A Albany
& Maine
*
I
I'lovidciice
1
California .Southern
Ceiitrai of Massachusetts
Concord
Connecticut * Passunip..
Connecticut River
Iia...torn
i'li-f erred
Fitchbnrg, pref
Hint ,t Piiro Marquette..
Preferred
Kan. c. Ft. .Scott* Mem.
C. MeiiMih.
&
2di"ort.. 2-68..
Mar. H.
l;23, 6i
i
Mass.
171*
39>«
IKJNDS.
4 Topeka— lat, 78..
Collat. Trust, 5s
Plain. 5s
Per
jihare.
7(3
J133
"WlHconaiu Central
Preferred
t
113
113>.
n7V
105
98^1 99 <
I(r2>4
N,J
t
\S
47
100
7»\.
76
»3
S3
39
63',
3CS
,,i^
ll»>«
326
60 >*
105
1
liWarrendL Frank. - Int. 7b i°18^ --••««
113i>4'iWe«t Jersey-lBt M.,7s.. 123
>«••••
104 ,..,
112 liWcst Penn.-88. 1893.... IM
107
101 II PltUburgBr..e«
lUO
Allegh. Val.— 7 3.10!<,'»8.
Inc. 7s, end. cr,uii.,^94..
Holla Clap- 1 St M., 7s
(ls,^80..
I'.HKI...
RALTIMORR.
Chart lers— 1st
inert., 7s..
Cleurlield .t Jetr.-lst, 8«.
RAILROAD HTOCK8
A Ohio
CoKnefting— 8s
Baltimore
(123
107
A Amboy.— M. 6b.
Kllriira A Wllin.— Ist, (Is,.
Raston
lo
SS
B. T.— l8t,T8..
mortft., 7e
West«m Maryland
7s, reg.,
Os, C.
Atlanta A Char.— Ist. 7s. 133
Income, 68
103 loss
Bait. Ik Ohlo-48. 193S
i:oi
^
CapeFearA Vad.— Ut.68;
loa^
132Vi Cent. 01i1o-8b, 1890
1031.
100 "a Char. Col.* An».-1M.78 110 ••••«
CIn. Wash. A Balt.-l8f».
OS
1910
A
K., 1923..
North Ponn.— 1st M..
7b.
General mort. 7s, 1903.
N.Y. Phil. ANorf — lst,6e
Income, 8s
Penu.— Gen.Os, coup. 1910
Conn. 6s. roup., 1905 ...
,
8d 3s
19
120aB
78.
ills
1081» lushi
5s, '18
New York Local Securities.
Bank 8to«k L.l«t.— Latest prices this week.
BANKS.
BANKS.
Bid.
185
178
America...
German Am.
Am. Eich.
Hroadway ..- 260
141
Chase
26lj
Chatham
88
73
78
River..
Im. A Trad's'
175
Irving.
Leather Mts'
Manhattan... 167
Market A Ful 185
Mechanics*.. 195
M'chs'ATra*.
Mercantile... 190
Merchants'.. 150
Merch'ts Ex.
la
MetropUtan
Metropolis... 300
Nassau.
New York... 235
Citizens'...
Commerce...! 190
128
Continental .1127
CoruExch... 225
Kast River,
nth Ward..
Fifth Ave...
First
14th Street.. 157
1
1151
i260
|
'
91
39 <a
I
I
86
RAILROAD STOCKS
Bell'sGap
Camden A Atlantic, prof.
Kast Pennsylvania
Elnilra A WUllamsport..
I
.
43
8<!
"bs"
88
America..) 171 <
,N
North River.i
.Oriental
|20S
Hanover
..
Bid.
i
N.Y. County. 360
N.Y.Nat.Ei.i ....
Ninth
140
Hud
PaelBc
I
Park
,330
People's
1.-.-*
Phonix .. .134
Bepobllc .... l*»
Seaboard ....|lS-2
3*20
Second
ISevtmtti
.,,
"l"2">i
iia
[Tradesmea'a
United St'ea. 310
lui
,
,
98
Bid.
'
Metropolitan— Bonds
Mutual (X. Y.)
Bonds, Os
Nassau (Brooklyn)
Scrip
...
Fulton Municipal
Bonds. Os
10-3
K(iUi table
Bonds, 8»
101
[City KallrotMl (Juotations
by H.
Bl'ckerSt. A Ful. F. -Stk. 20
113
Ist mort. 78.. 190(>
28
Br"dwav
A
7thAv. -St'k..!17i/
lis.. .1024 104
00
Bouils guar.,58, 1905
B'way Surface b
1'28
105
BKiyi;. Crosstown— Suio*.
Ist mort., 7h. 1888
iD.
1'5
190
110
31»
108 110
31
28
108
113 lis
l,.t mod., 8», 1910
96
4S
40
income
,6s
mort-,
132
2d
Houst.W.St* P. »'y-Stk. 189
107
110 ll'j"
Ist mort..78,l«'jl
."SO
Ninth Ave
97^ "wJ"
Second Ave.— Stock
lom 106
1st mort, 58, 1910
:s4 ISO
Slxih Avo.-Stock
123
1U5 100
93 J IstiDort., 78, IStlO
220 aas
llid '.Third Ave.-stoek.
103
Bonds, 7s. 1800
127
'225
Twejtvlhlnl St— Slock..
116
110 iia
128
Ist mort, 7s, 1893
111
107
Scrip. 8s. 1914
'42d A (Jrud SL F'ry-Slk. 210
I
1st mort. 7", 1893
42(1 St. Mauh.A SUN.Ave.
I
I
I
BushWk Av.(Bklyn)-Sl'k
1411
118
Ist mort., 88, l!e22
Cent. Pk.N.A E.Ulv.-Stk. 90
1'20
Consols. 7s, 1002
Ch'ist'ph^rAlOth St,-Stk. 124
7s,
Gb\xt, Broker, 145 Broad war-l
D -.B.AB.—Scnp6».. 106 100
125 135
Eighth Av.— Stock.
I..
108
,105
1st mort., 5s, 1904
2d mort., 5s, 1914........,1()4 >3 106
Brooklyn City—Stock
l.stmort., 59, 1902
A»k
M
i
..
lis
105
;
7"«
71
118 liai
100 lui
87
103 110
120 19S
lUS 100
117 131
10* 114
MelroiMilitan Brooklyn).
Mnnbipal— Bonds, 7s
S9H
183 <
[state otN.Y.I
|
89
170
118
103
100
110
B9
,
St. Nicliolaa.
1
Consolidated Gas
Jersey City A Hoboken
130
SboeAlMtb.
Una Mid CItr ftellraad 8caeka an* Baada,
GAS COMPANIES.
Bid. Ask.;!
GAS COMPANIES.
People's (Brooklyn". ..,„
103
104
Brooklyn G s- Light
Williauisbnrg
73Vi 75
Citizens' GasLight
n.Mids. Os
— ... ... Kill 103
Honds, 53
114
1898
nit E. B. A B.'t'y— Stk. 125
109
1st mort., 7» 1893 ..
i
,
,
I
I
Unlisted Secnrltles.—Qn otationa from both Exchangao;
StSTZ
BKCDIUTIKB.
BldTAsk.
BBCUBITIKS^
41
100
Am. Bank Note Co
A Pike's P'k, let 68
A Char. Air Line
Atoh.
1907
l&N
Georgia Pao.—Stock.
112
ai'u
aits
..—,....
'••VA
Jarvls.ConkUD,M.,Deb.68
98
ftCanawha A Ohio...,,.
Ist pref
ad prof
N. O. Pac Ijind Grant...
16<
34
Mei. Nat.ConBtracl'nCo.
I
ao
IB**
..^
US
a
»ce.lntc«rt.l
63
40
paaaaaola * AUaatie ...I 4
so
A«MBr»pa \,mu*<
.... UPoatal
uroawu Telacrapb-Cabl*.
,'\a* r .nnf
A tChicago....
'h >«•*»•
g3i«\St.Loat8A
113
I
.
',
108
6>i
"s'i
IS
"0"
2d ace, lut lert
0«eanst«aai.Uo.,l8tgiiar.i
O.I.AW.— iBt
I
k
I
Pi»f
8t.PaalKAOr.Tr lBi«.
I'sclo'n V
l«t,7f.rr re<il
MemphisA Cha'st consol*,....
1-87
17
j
8
31
S-
L.N.A.AC— O.*I.I>lv.,«B,106
1-7J
M. Y. A Oraea'd Lak*. lai so
6
3d mort...,
50
N.Y. Loan A Imor
'6\ n! Psc. p. dOr..ill«i6ir."."'l02
103
Missouri DlvlS'.oi)
93
North Kiv.OooB. c,». scrip.
80
n'.'
71.
Ist88
;•••;;•
Keely Motor
Kingsfn .t Pomb., Ist ».|...^
Lehigh .e Wilaea.Coal...| 20
A Ohio
.
Southern
Nawp. N. A Mtao. Val....
N.V. ».*.8.A, BaB
89
31>>B
A
A At—
Michigan
DeB.A East Sh. Ld.Co.
Newb. Dutch. A Conn
m""
..--
oalltonila PaeiHo
ibt moTt., 4H8
2d mort.. gnar
6
Chic. A Atl.— Beneflclary.
C.V. W. A .M.-Ccn. D.lst. 00
Imp... 32
Continental Con.
Ta
stkDai. S. shore
UK,
Pret
Consol. 5s
Income 58
Mt
43
If. J.
ad»
70
BANKS.
Ask.
Germania
145
ClKniical..
City
Fourth
GaUatiu
1
Greenwich..
liutchs'AL
Central
Bid.
300
Garfield.
let 6s
i
100 >s'
1
11
110
1st Inc., S», 1031...
Seab'dARo'n'ke— 6s, 1926 lOJ
West. Md., 3<l gnar.,8«..
{105
Wil Col.A.Vug..6s.l910. 119
Peun.AN.Y. Can.—7s,'96' ll'
} iJist price this week.
"t Per share.
4'-2S, Tiust Loan
Perkloiuen— 1st se.
iBt, 78,
103 ig
47
53
'2d
Cons.. 58, coup., 1919...
Brunswick Co
100
100
71
l8.,Tr.,Bec
17
12
RAILROAD Bowna
Consol. M., Si
Leh. V.-lst, 6s,C.A ll.,'98
'2(1,
60
15
t'hail. Cul. 4i°Aaga(ita...,
Brooklyn Klev'd—stock..
1
4S
...»
Harris. P. .Mt J.AI,.—.Is.
Runt'nA
Cons.
an
13S
f)5
Del.Alld.ll.-l»t,7», 1903.
2d
100
10<J
*9'.
KAILKOAI) IKlNDH.
Cam. A Amb.-M.
Catawlssa-M. 7«,
A<K.
iri
t AtlnntJe;.
.
I
83H
100
107
PHll.ADF.l.PniA.
Last price this week.
'ewtston
120',
'
Preferred
i
.,
Atl.
Os.
Wiscon. Cent— let M., os
Income, Ss
Ports...
Kuiuinlt Hrauclt
Atch.
88i>4
1'2S
C—
Is'orwlch vt Worcester
Ondensl). .t Lake Cbam..
A
102
m't*
Rutland— 58
Southern Kansaa— 68
Texas Division- 68
locomes
I^'ortliorn
I'eTiiiMjlraiua....,
I'etinKylvanla
Phil * Kne
Bonds.
27»i.
.
Out.— 1908,
—
itrnl
-
BM.
l«,n.
'
70
70
dI5
101
Ist mort., 8s.,,.
2rt mort., Os
Cons., 68 } 9H
Ogdcns. * L.
Manihfsler.ft Lawrence.
Mexican Central
K. V. A New Ku^., pref..
OldColiiuy
Portland .Saco
.t
Me; lean Con —
Incumu
N. Y, <t N. Eng.— Ist,
Blrni....
<fe St. L.
Malio Central
,t
HOJj
<<rant,7s
Lanlsv.ET.ASt.L.— l8t,68
LonlsvlUe l-;vans.
Preferred
Vermont
118
Land
Non exempt. 68
Kastern, Mass.— 8s, new
K. C. Ft. Scott & Meiu.,8s
K. C. Ft. Scott it Git.— 7s
Kans. City Law.A So.— 88
K.C. Memph. <fc Blmi— 6»
Kan. Cit. wt. Jo.iC. B.— 78
K, City Snd.t M(.mi).— Os
K. City Clin. & Siiril.-5s
Utile U. * Ft. Siu.— 73...'
Cleveland .t Canton
Preferred
ft.
Neb.—
£xempt,6H
Consol. of Vei-aiont^58..
...
Haven.....
1 Valley...,
N
-
SO
Central Crcsstowu-Si'k.. 143
99 V.
100
CallforniaBonth.— Ist, 6s.
Income, 6s
rief,.iTi..(l
Chic. Uuii. .t North'n
Chic. Jt Wc.«t. Mich
Ask.
.
Bo..<ton.lt I.owcll.
B.wtiin
Bid.
Atch <fc Top.—(Cont'd)—
Mortgage, 58
1)
M
N
Sir
nlMJUMri
i
63 S
<, l.i.vlklU
Noith
I
18
40>i
•
4.727.2t 139,237,3 2.535,1 100,12.3,7
11,219,6 4,315,1 140.233,0 3,539,5 97.91 8,<1
11,089,6| 4,883,1 138,686,6 '2,611.9 80,012,3
'20....
Bid.
|
$
10,79.1,4
153,519,
05,043,5 15^2,587,
85,043.5 16^2,365,
6,3,01.'».6
20....
27....
4, 208.2
135,1
319,9
423,0
710,0
319,7
BostOD.'
"
3.-280,9
3,216,5
•2,041,7
Alch. 30.... 114,215.4 421,023, 2 80,521,7 .34,412,6
Apr, 8.... 114,215.4 419,822, 9;77,408,3j31, 713,5
•'
13 ...1114,215,4 417,446, 3 81,234,5|33,367.0
" 20.... 114.215.4 416,807, ll87. 771, 8 34,473,8
"
27.... 114.215,4 413,914, 2 80,922,0:36,673,4
Apr.
15,343.0
14,330,3
5,818,9
9,331,8
3,166,3
12,713,3
6,500,6
2,791,7
4,931,1
18,265,8
3,198.0
3,307.3
17.1,0
1,071,1
3,909,4
2,521,9
5,3aO,4
3,149,3
2,747,0
1,551,4
4,315,1
2,106,0
3.501,0
1,915,0
10.717,8
a,68(i,6
24,763,7
24,980,2
2,269.6
1,422,1
20,316,8
9,714.0
4.818,0
5,878,6
22,999,9
127,3
229,5
4,010,0
1,214,0
1,098,0
3,953,0
5,253,5
23,142,6
8,100,4
1,542,9
2,540,3
2,377,5
2,904,0
0,137,0
4.047,2
2,307,7
8,131,0
1,332.4
a,79S.3
1,540.1
1,858,4
2,190,0
177,7
174,4
1,612,8
1,358,0
138,0
431,5
2.111,8
349,3
123.7
408,0
4,.i03,0
,'<,628,0
6,152,5
300,0
200,0
600,0
200,0
3,500,0
567,0
2,170,1
1.1^31,9
5,3511.1
284.1
274,1
21.030,7
2,045,0
1,230,6
19,061,6
4h(».'-'
30'2.0
1,130,0
1,022.5
106,7
4,400,3
2:i,121,9
2.71111.5
21,:'.-|.-,,7
236,3
225,4
110,8
363,0
303,0
628,0
325,2
9,')8,7
5,3f>7,3
1,868,7
112,7
160,1)
666,0
730,0
396,5
BOORITIKS.
A Broad Top
lll.4M(|,il
S
1.
2,'289.0
4,60.3,6
1.
07il.(;
517,7
90,4
498,0
140,5
369,6
39,2
aso,6
1,979,0
421,1
046.7
4,2'25,4
i-)6,0
;<oo,o
693,0
15,858,9
3,051,0
2,777,4
2,818,4
4,111,3
2,079.0
s! 176,0
6,318,0
211,1
1,070,9
1,000,0
1,000,0
20
42'2,6
1,410,2
3,433,5
.0.0
'",11(1.2
4.1(17,0
8.
1 I.-..1)
7,566,1
3270.0
I3,^i30,0
10,7l(',0
K.:iTI,2
dcj
I
N. York.*
2,701,0
1,000,2
3,133,4
1,549,0
695,4
325,7
0,000,0
1,000,0
1,000,0
60.76^2'.7
CattUni
8,929.2
3,131.7
22.287,3
8,560,2
!5,(K)(),0
600,0
500,0
Nation.^l.
837.11
890,8
128,0
170.8
701,1
453,6
3IS,2
2,803,0
2,441,7
1,446,6
663,4
First National.
Third National.. '.'"
N. Y. Natl JSichansre
"
Bowery
811.".. II
l,7'-'M,:i
»'.t7.(i
1,181.6
7r.(i,o
Central National..
Second National
i,«ii.'..ii
5,81'2,2
ITf.fi
Park
North River...!
Zast River
Fourth National.
«.81>.-.,0
11,121.1
2,038,4
2,737,0
1,300,6
600.0
Continental
Oriental
]
Importers' <& Trailers'
(Id.-..
270,9
203,0
100,0
S03,0
73,0
481,9
.100,0
(100,0
'
(•,•-".1.(1
i,M^:,7
1,2110,9
Kassaa
Market
Fulton
et Nicholas
8]ioe<£ Leather
Corn Sxchan^e.
3,085,0
OIMI.I)
1,000,0
A
l,!JOfl.O
aoo.o
200,0
200,0
aoo.o
800,0
1,200,0
Irvlnif
Cltlxen*'
North America
Hanover.
a,7'jo,o
1,0(10.(1
652,4
244,1
471,5
1,104,7
204,9
378,6
Chatham.............
Feoplea'
12,560,0
0,201,0
8,127,5
708,3
1,840.3
1,888,2
523,1
2,336,0
213,3
6,809,3
104,2
SOO.II
fhi'tnloal
I
ft85
RunilnKtoD
i.ltrl,
•
Bknic of ytvw York...
Manluittan Co
America
Phenlx
—
.
Prefer' nd
'hl«h \' alley
DtfoHli.
(00> omitted.)
Mi)cIi*d|08'
—
1
THE CHRONICLK
4, 1889.]
New York
—
1
A
,
W*4t...
.laL-lst 0«....,
'tia
iV'icksti. J:
I
no
78
14
98
Martdiat- lat 104
Idmort.
iBOemo*
...
Stock, pret
—>
_,"»
Waal N.Dar. -Ooa-fU ... 83
frwluce Exrhangi) Bank
MM National
iTank
!T
as
103
119
i«i%
..
-
1
. ...
.
.
1
THE CHRONICLE.
5fc6
[Vol. XLVIII.
Latest Earnings Reporlei.
%nvitstmtnt
Jan. 1
to Latest Date.
ROADS.
WeekorMo
Humest'n&Hhen
Hunt.&Bd.Top.
llailr0ad Intjelligjeuce.
1889.
1888.
1889.
1888.
10,5001
35,602
Ul.Cen.(lll.*So
Cedar P".&M in.
Dub.ifeSlo'xC.
2%« INVBSTOBS' SUPPLBMENT, a pamphlet of 150 pages
Iowa lines
Total all ...
Slates
and
Debt
Funded
tables
the
extended
of
tontains
of
Ind.Dec.&West.
Cities and of the Stocks and Bonds of Railroads and other Iowa Central
Kanawha<& Ohio
Companies. It is published on the last Saturday of every K.C.i\8. &Mem
other month-^oiz., January, March, May, July, Septem- Kan. C. CI. &Sp.
K.C. Wy. &N.VV
ber and November, and is furnished without extra charge KontucKy Cent.
& We.^t.
Extra copie.s Keokuk
to all regular subscribers of the Oibonicle.
Klngst'n & Peni.
Knoxv. & Ohio.
arc sold to subscribers of the CiiaoNicTiE ai 50 cents each
L. Erie All. & 80.
and to others at $1 per copy.
L.Erie A- West..
& Hud..
The General Quotations of Stocks and Bonds, occupying Lehigh
L. Rock it Mem
Long Island
Hx pages of the Chronicle, are now published on the La.
& Mo. River.
third Saturday of each month.
Louis.Ev.&St.L.
.
1,218,659 1,037,330,
26,482i
25,123
24.997;
25.4571
5,120
65,436;
4,260
'76,377
.
Louisv.cfeNashv.
Loul8.N.A&C:b.
RAILROAD EARNINGS.
Louisv.N.O. & T.
Mar. Col. &N().
Maryland Cent
Memphis ALatest Earningt Reported.
EOADS.
Week or Mo
1889.
.S
AUegheny
March
Val..
—
173,154
1889.
$
$
159,830
.
.
Camden &
Ati
Marct
.
Cent. Br. U. P.. February..
Cen.KK.&Bg.Co March
Centralof N..I.. March
February.
Centralof H. C. February..
Charloxt'n & Sav February..
Char.Col.&Aug. March
Cheraw. & Darl. February..
Central Paciflc.
Ches. & Ohio.... March
Ches. 0. & 8. W. March
Ches. & Lenoir February..
Chic. & Atlantic. 1th wk Apl.
.
Chic. Burl.
Chic. Burl.
& No February
A-
..
Q. March
Lines contr'l'd March
Chic.&E.Ill
3d wk Apl.
Chic.MU. &St.P. 4th wk Apl.
Chic. &N'thw'n. March..
Chic. & Oh. Riv March
Chie. Pe.
& St. L. March
Chic.St.P.&K.C. iBtwkApl.
Chic.St.P.M.cfcO. March
Chic. &
Mich. 3d wk Apl.
du. Ga. &. Ports. .March
W
wk Apl.
wk Apl.
Cin.N.O. &T.P. 3d wk Apl.
Ala. Gt. South. 3d wk Apl.
N. Orl. & N. E. 3d wk .\pl.
Vickeb. & Mer. 3d wk Apl.
Vlcks. 8h. & P. 3d wk Apl.
Erlauger Syst. 3d wk Apl.
Cln.Eich.&Ft.W 3d wk Apl.
Cin. Sel. &Mob. March
Cin.Ind.8t.L.&C 3d
Cin. Jack. & Mac 3d
Cln.Wab.&Mich, February..
Cin.Wash.&Balt 3d wk Apl.
Clev.Akron&Col 2d wk Apl.
Clev. & Canton.. 1st wk Apl.
Clev.Col.C.it Ind March
Clev. & Jlarietta 4thwkMch
Color. Midland. 3d wk Apl.
Col. & Greenv
March
Col. & Cin. Mid.. 3d wk Apl.
.
4th wk Apl.
Col. Hock. V.&T.
Day.Ft.W.&Chi.
Denv. & Rio Gr.
Denv. &R.G.W.
.March
4thwkApl.
3d wk Apl.
February
3d wk Apl.
3d wk Apl.
3d wk Apl.
3d wk Apl.
3d wk Apl.
3d wk Apl.
March
3d wk Apl.
3d wk Apl.
Denv.S.P'k&l'ac
..
Det.Bay C.& Alp
Det.Lans'g&No
DuluthS.S.&Atl
E.Tenn.Va.&Ga.
Evana.&Ind'plls
Evansv. & T. H.
Fitchburg
Fllnt.&P.Marq.
Flor. By Nav. Co
Ft.W.&Den.Cltv 3d wk Apl.
Den.T&Gnlf. February ..
Den. T. & Ft.W February..
Whole Syat'm March
Georgia Pacific March
Gr. Rap. & Ind.. 3d wk Apl.
Other lines ... 3d wk Apl.
Grand Trunk. ..'Wk Apr.20
Chic. & Gr. Tr. Wk Apr.ao
r>et.Gr.H.& M. Wk Apr.20
Housatonic
February..
Hou8.4:Tex.Cen.iMarch
1
38,696
43,339
255,000
35,606
33,432
40,145
231,000
27,026
5.5,586
(.05,609
562.955
7.=>,594
900.688 906,.502
965,176 1,083,609
11,576
12,027
61,57*
60,821
87,850
83,002
8,869
8,462
336,163 376,803
157 482 160,628
6,375
7,756
49,088
65,550
149,203 165.124
2,073,758 1,211,188
584,240 306,400
60,228
53,051
530,500 494,064
1,893.42 -i 1,897,532
;
,307
29,235
49,780
532.525
28,027
4,857
50,000
10,613
58,334
28,252
13,907
8,010
5,79.)
114,304
8,592
9,993
35,300
33,815
13,876
7,870
657,663
6,853
29,418
72,425
4,856
49,470
36,540
170,500
26,175
52,310
8,600
19,528
27,028
93,060
4,391
15,543
441,196
44,430
22,220
27,997
50,000
56,600
210,000
109,149
47,060
4,109
360,090
58,985
18,149
70,309
201,507
to
1888.
10,025
8,364
Asliv.& Spartan. Ma-ci;
Atcli. T. & 8. Fe.. February.. 1,378,847
2,683
St.L.K.C.&Col. Fcuiiiary..
224,373 173,015
Gulf.Col.A-S.F. February..
85,727
Califor'a Cent. FeoniarT..
04,535 172,775
Califor'a Sou.. Februar>
1,804,983
t^ebruary
eystemt.
Tot li
Atlauti & Char Februarj .. i.TO.oag 125,828
3fi,769
32,393
Atlanta &W.Pt. March
59,692
60,072
Atlaniie i Pac. •2d wk Apl
1,286,063
March
1,207,489
B.&O. blast i;ncb
384 279 364,663
V esTfiu Lines March
l,K-0,')42 1,572,152
March
T^Ul
143,629 120,720
Bait. A Potoiu.-vc March
09,776
March
84,173
Beeeh Creek
32,076
34,642
Buff.Roeh.JcMtt .Id wk Apl.
228.359
March
209,597
b-ir.r.Rap.&N.o.
13,936
14,475
Cairo V. & Chic. 3d wk Apl.
Caiada Atlantic March...
CiuiKlian Pacific 3d wk Apl.
Cp.t'r&Yad.Val March
Jan. 1
3.601
26,2-.6
Latett Dale.
$
504,832
29,036
2,791.805
4,516
15,716
416,928
54,886
22,899
17,052
21,686
102,142
43,092
4,762
338,189
63,096
22,407
67,680
162,667
471,335
26,474
5,49C
467,82J
180,324
145.486
3,844,108
264,007
126,066
807,835
3,638,46t
1,090,93C
4,729,39S
373,095
211,45(1
560,065
650,015
201,729
103,862
113,513
3,650,607
102,395
113,160
1,955,111
2,789,215
2,049,942
22,204
123.566
252,415
17,798
1,022,294
491,718
13,516
679.293
307, S3
5.786,864
,748,093
::
790
3(i8
7,171,875
5,067.538
19,825
80,705
38,175
666,466
500,341 1,328,332
30,133
402,021
4,535
12,053
47,659
797,434
10,179
162,057
58,487 1,070,186
25,895
551,647
15,034
318,309
7,221
176,182
6,191
167,438
112,828 2,283,752
7,333
127,867
7,496
33,489
34,306
71,775
34,590
613,525
11,238
182,435
6,720
100,633
642,334 1,777,849
6,418
56,087
26,659
462,720
57,960
215,775
5,145
94,811
55,468
752,794
29,315
114,685
179,600 2,187,192
25,475
390,545
72,970
109,326
8.303
152,267
18,898
299,322
18,674
307,506
96,8.57
1888.
l,817,9n
78,572
251,409
354,705
Missouri Pacific
Mobile ifc Ohio
Montana Union.
249,420
116,966
734,455
Nash.Ch.&St.L.
Natchez Jac.ArC.
New Brunswick.
N. Jersey &N.Y
4,518,.^:l4
357,16
252,161
584,682
638,856
205,420
99,707
105,406
3,332,722
82,930
140,461
1,877,369
2,672,398
2,171,089
22,131
108,681
259,628
17,536
1,099.217
477,151
15,864
690,524
273,959
4,569,601
l,20.-,453
760,694
6,785,696
5,145,314
10,210
68,356
462,366
1,264,156
382,381
12,522
763,167
133.081
1,021,026
471,150
262,904
150,936
157,847
2,063,863
124,876
27,584
65,000
616,877
162,354
90,578
1,739,848
68,626
342,063
185,653
90,088
788,379
97,400
2,219,145
353,062
147,604
127,851
202,389
208,378
1,671,387
64,618
236,991
754,895
344,092
24.3,851
44,557
New
&
Orl.
Gulf
W
Y'.&N.Eng..
N V. c&North'n.
N. Y. Out. & W..
N. Y. Susq. & W.
Norfolk
& West
N'theast'n (8. C.
Nort. 'u Central
Northern Pacific
Ohiolud. & W..
Ohio &.Miss
Ohio River
Olii'
Val. of
Omaha &
St.
Oregon Imp.
Ky
L.
Co,
Greg. R. & N. Co.
Orcg. Short Line
Pennsylvania
..
Peoria Dee.ttEy.
Petersburg
Phlla.
Phlla.
A-
Erie...
& Kead'g.
Coal A Iron Co.
Tot. both Co.'s
Pitts. Clev. & T.
Pitts. Pain. & F.
Pittsb. & West'n
Royal & Aug.
Pt.Roy.&W.Car.
Pt.
Prescott A: Ariz.
Rich. * All'ghy.
'R.&Dan.
576,521
1,183,451
635,441
285,623
18,858
295,995
1,397,999
6,.548
N. Y. C. <fe H. R
N. Y. L. E. &
N. Y. Pa. & Ohio
v.
11,673:
543,898
46,921
237,611
769,942
64,735
77,158
64,485
22,518
.
3,389,115
1,129.449
9.5,281
'84,8'5'4
269,66
line.*
;Mexicau R'wav
Mil.L.Sh. & West
Milwaukee A No
Mineral Range..
Minneap. &8t.l„
Mo. Kan. & Te.\,
323,826
1,2.59,677 .1,178,585
747,136
376,144
323,512
103,464
118,819
577,137
344,438
660,171
63,243
Clia;
IMexican Cent...
San LuisDiv.
;Mex.N.,all
220,387
5,295
3,289
41,760
5,092
35,727
13,339
12,766
251,749
28,031
20,015
283,305
39,828
49,590
6,656
9,354
31,530
102,318
.Sys'm
Rich. & Petersb.
Rome W. Ogd.
St. Jos. & O. Isl
<fe
St.L.A.&T.H.B'8
St.L. Ark. &Tex.
St.L.& San Fran.
St.Paul&Dul'lh
St.P.Min.i- Man.
S.Ant.&Ar.Pass.
Scioto Valley... March..
Seattle L. 8. & E. March
100,161
479,900
842,283
203,588
52,715
257,133
2,438
74,495
14.439
11.559
2,849,609
2,130,419
444,64378,440
34,729
27,854
106,154
94,375
67,909
426,081
456,415
31,329
74,434
8,295
2,161
26,378
384,745
445,247
160,423
4,796,135'4,526,561
10,205
12,3471
44,431
43,8051
284,782 272,052
1,364,172 1,579,308
838,204 1.078,644
2,202,376 2,657,952
31,622
14,011
34,939
39,194
35,310
7,983
13,059
191,045
23,706
224,059
21,842
15,309
38,000
130,459
92,581
736,729
23,768
52,706
1,651,524
621,790
104,440
776,774
49,277
175,603
47,654
44,521
8,152,796
6,068,882
913,857
1,156,932
113,663
419,821
342,546
1,423,664
127,613
1,333,273
4.291,736
436,536
1,098,870
105,843
34,246
62,142
727.624
717,845
293,572
13,099,996
182,230
115,198
495,796
3,615,905
l,ti94,916
5,310,821
62,005
27,900
505,232
75,410
66,637
25,205
170,907
3,118,167
65,904
437,257
314,569
273,995
756,469
1,624,407
241,963
1,771,162
253.965
158,888
Shenandoah Val March
'76,946
i79',5'o'i
South Carolina [March
119,562
382,699
.
Co.—
GaLHar.&S.A. 'February..
80. Paciflc
313,600
613,075,
73,251
Louls'a West-.iFebruary..
71,696
Morgan'sL&T. February.. 402,084' 418,227
7,860
8,112
N. Y. T. & Mex. February..
110,932 106,980
Tex. & N. Orl. February..
879,939! 919,916
Atlantic sys'm February..
Paciflc system February.. 2,268,685 2,542,875
Total of all. .'February.. 3,148,623 3,462,791
So. Pac. RR.—
136,664 120,567
No. Dlv. (Cal.) February..
So. Div. (Cal.) February..
461,0181 560,716
Arizona Dlv..]February.. 159,8151 192,807
93,279
78,479
New Mex. Div. February ..
11,583'
11,032
Spar. Un. & Col .' February ..
42,988
51,565
Staton L Rap.T. March
166,552
847,301
17,718
237,392
1,882,039
287,115
I
'
Summit Branch. March
Lykens Valley Marcli
Texas & Paciflc. '3d wk Apl.
Tol. A. A.& N. M. ithwk Apl.
Tol. Col.
&
So...iMarch
T0I.& Ohio Cent. 3d
Tol. P. & West. .'3d
wk Apl.
wk Apl.
322,.599
Tol. St. L. & K.C. 3d wk Apl.
Union Paciflc... March
Total system!.. February..
5,381,725
630,197
58,221
4,878,698
Utah &North'n.; February..
March
Valley of Ohio
Vermont Valley Marcli
999,519
289,154
156,638
656,044
969.935
301,848
134,701
•502,382
.
.
. .
;
March
Virginia -Midl'd
Wabash Uailw*.\ l'"t'l)ruary..
Wabash Wost'u 3d wk Apl.
Wash.O.& West. March
.
92,128
70,535
97,914
83,607
98,058
14,391
20,086
13,615
16,776;
18,586
17,907;
18,090
15,101
8,432
2,111,584 2,513,108
2,287,968 2,552,611
116,702; 134,780
114,3.58
24,.352
49,055;
13,397;
147,300
485,461
97,192
9,450
589,665
137,274
890,493
15,687
202,566
1.835,683
4,781,3.571 4,873,873
6,663,395 6,709,556
230,956
958,772
400,206
177,243
19,884
127,339
376,606
277,722
1,821,520
181,816
36,764
3.50,051
259,563
129,213
6,158,878
4,721,155
255,231
121,465
36,365
3s9,483
881,654
l,509,(i60
20,492
.
Ma.Y
4,
—
..
1
'
THE CHRONICLE.
l^rO.]
r.nirn
Knminot KapnrUf'
Jan.
\
»rxkitr 4x1
'
wk
Apl.l
Wt'st Jerst'v
W.V.Ci-ii.AIMttn.
March
March
March
Whedini;
Ithwk Apl.l
WU.
Uol.
,t I,.E.
'
'
'
Aui?. Ft'hruary..
Wl.fCDllsill t'out. yd wk Apl.l
t
.k
IiioliuUne lines In
1880.
44,742
57,80ft
72,975;
103,023
51,608
22,804
80,102
71,063
1888.
9
35,247
53,500
52,853
101,907
47,488
23,737
86,080
72,726
c
136,110
H73,(i5l!
M<)U,tl()0
217,105
l(iO,U8
272.<lll
106,832
282,491
121, S99
2HH.136
91
Detroit
Bay
C.
BagtTeun. Va.
A
Flint
Pere Marquette.
2,367
27,9117
47,069
4,169
360,<>90
5£,985
*Det. Grand H. A Mil...
Keokuk A Western
Little Rock A Memphis
St.
S
15.034
7,221
6.191
7,33J
34,590
26,659
23.475
.
18.149;
5.227
9,08ll
21,396:
L
Memphis A Charleston...
Nauhez JiK-K.AGol'iubas.
29,324
2,869
27,050
77.208
11,037
1,9.0
Ohio liui. A Wisiern
Ohio AMlsalssippl
Ohio River
Ohio Vallev ol Kentucky.
DeertoM.
e
25,89,s
Other lines
•Grand Trunk of Canada.
•Chicago A Gr. Trunk.
A
9
Inereate.
13.907
8.016
5,795
8.592
33,815
29.418
26,175
8,600
93.060
44,430
22,220
Uv,
Louisv. Evans.
1888.
28.2.'>2
A Niiv. Co....
Fort Worth A Deuv.City..
GianU Kaptde A Indiana.
Florlil.i
1
to
Moh.3
1 ,
•
220,512
62,»aS
231,638
182,458
35,417
166,4*6
n,^
UM
^-Jan. lioJTar.
1880.
694,075
202,356
«2 1,363
234,763
351,609
21^152
754,057
00,592
125,771
1.',317
..
)
Gross.
5
Net...
ltl,0Ult
dot obe
N«t ..
JulyltoMoh.31, (Gross.
9 months
)Net...
Petersburg
300,563
01,433
Gross.
Net
Mob. 31, {Gross.
JNet...
Rich. A PeierdbUK. Gross.
Net ..
Oct. 1 to Mch. 31,) Gross.
6 months
JNet...
8.:.03
05,247
072,176
128.772
41,115
44,411
18,185
1 to
153
Gross.
A
Net ..
Ponn.Oross.
West. N. Y.
Net.
1,127
795
Oct.
3,797
10,156
22.8 :<9
23,706
8,800
72,315
28.9.J5
143,711
59,043
154,278
86,034
52,706
11,011
227,983
63,140
703,551
121,600
Mch. 31, (Gross.
s.
52.780
209,451
100,07»
65,904
28,671
121,»7»
5e4S»
1.^838»
30,454
656.308-
177,93a
1,387.0SS
339.773
347,63>
,-Jan. 1 to Feb. 2S—
1889.
1888.
february
1888.
Net...
GrosS.
«3.70»
1,950,730
JNet...
M^mph. A Cha'ston.Qro
700
207
.
24.862
8,746
55,207
16,386
233,314
40,579
7.«(1S>
737,196
1,050,14^
1I5,1»»
2.-6,431
1:2,437
Boad.
775
2,759
to
1
6 mouths
396
1,259
96.857
51,886
17,032
43.0 -2
4,762
338,189
63,096
22,407
5.295
12,766
20.015
31.530
2,138
31,329
74,434
8,295
2,161
13,059
191,045
15.309
23,768
18,090
Scioto Valley
M
W
32,1
:iin,IO0'
4,00S.&ai
1,511,305
602387
11,62 1,492 11,254^84
5,871,121 4,78i,S7»
202,020
917,750
888.42ft
60,002
274,2,15
229.&Oft
3,016,216 S,l25.4e»'
43.80^
8,714
..
•7p,a4«
I'O.tiS
4 13,4
2Mt*»
Gross l,62e,<»0ll,?07,176
Net..
747,713 406,601
6 months
160,400
7,177
A Alpena.
A Ga
Oct.
'
Oct.
2.743,015
53,05
58,487
O-Jlorado MiUlaml
Denver A R. Or. West....
Net
'
.
•
..
July 1 toMch.31, > Gross.
9 mouths
5 Net ..
Ohio A MisslMlppl Gro s.
2,808.198
60,228
5S,33l
Vlok8bur« & Meridian..
Vlcksburtt Shrev. & Pao.
Clncianati Ricn & Ft. W.
Rtn. Wash. *. Bait
Na
N. Y. Oat A West, m.Uross.
Northern PaclBo
80 roads, and shows 3'14 per cent gain.
Chic. & E. Ills. & C i I. C.
OIn. N. O. A Texus Pao...
Alaliama Ot. Southern
New Orleans A N. E ...
Western Grots
dk
98><,201
Latest Hr08g Earnini^M by Wi^ehn.— The latest weekly earangs in tliefin-egdingtiible are separately summed up as follows:
The complete statement for the third week of April covers
PreT'ly report' d (39 roads)
MU. L.B.
emoutlu
JMoxicancurronoy.
Eiirnms» of entire system, IncludinK uU road operated.
1889.
Net...
lii0,8.')8
which half ownership la held.
v>eek of April.
A Tox.aroM
'
2tl-,!,5;t0
176,753:
1,010,122
Orl.
I
152,291
e
3d
LoaU. V.
,
$
Wostorn of Ala. Marob
3(1
1888.
JfarrA
1880.
1888.
.
Boadt.
I
1889,
68T
Latest Data.
I to
KOAUS.
WoHt. N. Y A I'a.
Went. X. CiirTtt.
»
.
1888.
8
ft
162.516
68,071
144,018
31,874
•
July 1 to Feb. 28, )
8 months
JNet...
ft
329,036
106.870
302,55S
73,65»
1,132,263
1,285.967
271,894
417,502
670
10.945
3,977
ANNUAL REPORTS
593
22,501
4,111
Lake Shore k Michigan Soathern.
4,25-t
63
3.695
1,381
2,203
431
4,279
2,774
2,792
(For
the
year
ending Dec.
31,
1888.^
The report for 1888 is in the usual clear statistical sliape
with very few comments.
The rejjort says: "The decrease in freight earnings was
caused chiefly by a lower average rate per ton per mile, being
cent 0-63.55 in 1888 as against cent 0-6700 in 1887, resulting in
a loss in earnings of 8621,230. The balance of the decrease
in freight earnings, $297,519, was caused by a slight (2-76 per
218,536
BLL. Alt. AT. II. Brchs..
17.7-J2
cent) falling oS in tonnage.
The increase in earnings from
Sail Antonio A Ar. Pass.,
-27.0111
passengers was caused by both a slight increase in the averloledo Peoria A Western
17,907
183
age rate of fare and in the passengers carried. The per cent
Total (80 roads)
4,253,537, 4,121,055
261,703
132,224 of operating expenses, includmg all taxes and improvements,
Net luirjase (3-14 p. o)
was 62-73 in 1888 as against 58-95 in 1887. The reduction of
129,479
frades on the Western and Air Line divisions was completed.
* For week endlna April 20.
t was also commenced on the Sandusky division.
Between
For the fourth week and month of April a few roads have Chicago and Toledo, via Air Line, the maximum grade is now
reported as follows:
sixteen feet per mile, in both directiotis, except at Otis,
Ind., where one auxiliary locomotive now enables all eastbound freight trains to ascend the grade."
Orost Eamingt,
1889.
1888.
Increase.
'Rlchini nd A AllcKLany.
Rich. ADanv. (•< roads)..
21,1)70
.
Fourth week April (10 roads)
Mouth
1,572,782
5,576,062
of April (11 roads)
211
8,011
27,491
2,413
3,243
1,533,759
5,377,974
Net Earnings Monthly to Latest Dates.— The tables following show the latest net earnings reported this week, the
returns for each road being published here as soon as received
but not kept standing from week to week. The figures cover
the latest mont-i atjd the totals frjm January 1, and also the
totals for the fiscal year on those ompinies whose fiscal year
does not correspond with the caleniir rear.
-Harch.
^-Jan. 1 to
1?89.
1888.
1889.
,
Smdt.
Allegheny Valley... .Gross.
173,154
Net...
70,9J1
Canadian Pacific ...Gross. 1,128,623
Net...
363,672
Cirutral of Georgia. Gross.
605,609
Net...
138,513
July 1 to Mch.3 1 ) Gross.
.
159,830
55,281
96^,523
168,991
562,955
200,328
,
9m<nths.
jNet
Net Inc. iuvestmeuts
..
Central of N. Jersey.Gross.
90n,688 906,502
Net...
325,173 350,614
Chic. Burl. & QuinoyGross. 2,073,758 1,211,188
Net...
700,76 J dfl 46,415
Unes controlled. ..Gross. 584,240 306,400
Net...
167,118 df.ll,;S95
Chic. Mil. A St. Paul.Gross. 2,019,897 1,930,889
Net...
782,949 4-.!0,215
Cln. N. Orl. A Tex.P.Gross.
302,813 290,593
Net...
87,000
77,150
N.Orl.ANorthea't.Gro
s.
Net
..
Vlcks.
A Meridian. Gross.
Net...
Vlcks. Sh. A Pac... Gross.
Nct...
Col A lIock.C.A I.Co Gross.
Net...
Denr.
& R. O.West'n.OroA.
Nit
Louisville
A
.
Nash. .. Gross
July 1 to Mch. 31,
9 mouthi.
!
Net. .
Gross.
5
Net...
March
$
504,832
209,207
2,870,607
665,179
1,955,111
.^77,865
6,0 8,317
2,167,792
2,237,297
2,789,215
31.-.
1888.
$
471,335
189,295
2,607,722
238,199
1,877,369
7i:t,210
5,928,505
2,3S3,234
5,786,861
l,57i»,942
720,475
1,748,0.13
5.'5,743
1,208,453
5,352,115
1,572,190
885,149
282,(100
1885.
1886.
1887.
1888.
Miles operated
1,340
1,340
1342
1,341
Operutiotis—
Pass, carried (No) .
3,479,271
1.051.70*
3,715,508
3,752,840
L76,830.30J 191,593.135 20 j,761,459 210.107,008
Pass'ger mileage
2-0,58 et«.
'2-289 eta,
2-098 cts.
2260 cts.
Rat<! p. pass. p. mile
9,069.857
Fr'glit (tons) moved
8,023,093
8,305.597
9,326,852
Fr'ght (t'ns) mileage • 1,602,567 • 1.592,044 • 1,843,785 • 1.799,104
0-553 cts.
0-636 at •
0-639 ots.
0-670 cts.
Av. rate p. ton p. m.
Earnings —
235,217
4,959,998
653,310
81'!,50l
219.075
277,11,50
2l:',339
88,709
74,897
12,000
63,000
41,000
14,000
150.596
45,269
40.411
128,482
11,000
53,000
16,0w0
7,000
137,237
43,922
42,376
148,241
9,t00
32,000
9,000
38,000
95,372
7,12i
324,270
284,412
106,537 105.004
10-„',322
49,768
31,164
20,865
3.84x,114
1,261,20-j
4,221,753
1.476,378
605,851 393,581 1,673,081 1 209,765
12,529,009 12,472,718
4,887,761 4,730,583
$
8
9
ft
3,639,375
9,031,417
1,462,713
4,020,550
10,329,625
1,509,280
4,630.653
12,517,923
1,512,380
4,810,14 8
11.629,17 4
1,590,303
Total gross earnings 14,133,505
Operating Expentes1,614,777
Malnt'ce of way. Ao.
1,317,379
Maint, of equipment.
5,277,444
Transport'u expanses
15,859,455
18,710,962
1:,029,«37
2,50a4M
518,668
529,269
485,916
668,398
2,079,084
1.995.012
5,730,977
476,857
748,468
Passenger
Freight
Mall, exp., rents, Ao.
Taxes
Miscellaneous
2,4 U. 036
2,672,398
1,08B,618
4,569,001
1,1-^8,117
The comparative statistics for fotir years, compUed for the
Cheonicle, are as follows
OPERATIONS AMD riSCAL BMDLT8.
:
39,023
198,088
9,287,537
4.845,968
Total
Netearnlngs
6571
P.o.ofop.ex.toear"g8
*
•
9
2,014,041
1.340,291
5,19-2,943
9,731,622
6,127,833
61-86
1,460.7 5S
5,994.082
4823SS
872309
11,020,798
7,631,164
11310,371
5895
ea-7»
6,710,356
Three ciphers omitted.
nicoxE Accouyr,
1887.
1889.
ft
ft
4,815,968
6,127,833
1X0,752
7,681,164
139,999
6.719.SS*
4,849.963
6,2384t85
7,811,163
6.9J9,I4»
439,168
443.900
3371.938
93,350
260,000
8,326,480
53,350
350,000
449.313
8.376,140
53,350
517,418
S.357JJ15
53,350
4,117,456
728,512
4,073,730
3,164,855
3.778.803
1.012.360
3,110.865
989,330
l,97-*,660
2,47:1.325
(4)
(5>
1885.
Meceipts—
Net earnings
Interest, dlrid's, Ao.
Total Income...
DisDvriement^—
Rentals paid
InterejJt on debt
Dlvtd's on guar. s'k.
Slnklngfund
Total dlsbursem'ts
8uri>lus for dlT'd
Dl\-1(1eiids
Rate of dl vldenOs.
Balance
•
1886.
(2)
.
,
310,8»2
3.823383
snr. 738,512 sr.l,175,535sr 2,033,700 sur.-637,540
79,210 of this oharged clTfor suidry MOiants.
.. .
1
THE CHRONICLK
588
OEKERAL BALANCE AT
CIX)8E
1886.
S
$
1888.
1887
$
«
70,048,600 70,048,600 70,018 600 70,048,600
17,300,000 17.300,000 17,300, 000 17,300,000
3.52,'0!8
351,736
3.54.167
365,780
K'l est. & olfice prop.
12.910,068 12,828,700 14,769,'W52 14,912,018
Btoeks owned, cost,
664,4011
664. 40!)
674,400
64.5,400
Bonds ewned, cost
1,80) ,S68
1,701,1911
1,525,839
1,461,147
Advances
634,545
604..594
.596,430
673,474
Materials, fuel, &o.
3,207,013
2,604 483
2,559,928
235,705
Cash on hand
403,959
734 369
1,216,840
1,.088,590
Uncollected earninss
Eailr'd, build'gs, Ac.
Enuipmeut
....
.
.
105,228,854 107,101,924 108,780,946 109,383,539
Total assets
Liabilities-
9
$
$
* „„„
50,000,000 50,000,000 50,000,000 50,000,000
46,706,000 46,516,000
47,466,000 47,216,00
1,5 1 ",670
1,016,005
1,016,003
26,674
707,067
911,469
839,148
1,131,670
8,033,771 10,0i7,472 10,649,80^
6,604,510
Btock
Bonds
Dividends
Other UaliUitles
ProUtandloes
Total Uahilities.. 105,223,854 107,104,924 108,780,946 109,383,539
Michigan Central— Canada Southern.
fFor the year ending Dec. 31, 1888.^
Tho Michigan Central report i3 in nearly the same form as
Lake Shore, with few remarks upon the operations of the year.
The proportion of net income given to the Canada Soutliern,
which was at first one-third of the whole after payment of
charges, is now less than one-third, owing to the reduction of
interest charges made by Michigan Central througli tlie
refunding of its debt at lower rates of interest. Tims in 1888
the total r.et earnings over and above charges were §1,162, 83.J,
of which M. C. received §823,064 and C. S. §339,161.
The President remarks upon the year's traffic that " the
freight earnings show a decrease of §436,541, or 4'58 per cent.
This is due partly to the very low rates prevailing on Eastbound through traffic for a considerable portion of the year,
and partly to the falling-off in West-bound tlirough traffic. The
East-bound through ti'affic shows an increase of 70,928 tons, or
moved one mile, with a decrease in the rate
per ton per mile of nearly one mill, while the West-bound
through traffic shows a decrease of 193,669 tons, or 100,943,105
tons moved one mile, with practically the same rate per ton
per mile. The local traffic shows an increase of 339,939 tons,
about the same number of tons moved one mile, and the same
rate per ton per mUe. The passenger earnings show an increase of §4,746, or 0-11 per cent. This is wholly due to the
increase
the number of passengers (2,732,000) moved one
mile, as the rate per passenger per mile shows a reduction from
2-293 to 2-262, or 0'031 of one cent per passenger per mile."
The comparative statistics for four years, compiled for the
Cheonicle, are as follows:
OPERATIONS ASD FISCAL RE3DLTS.
37,314,070 tons
m
1885.
1886.
1887.
1888.
1,516
1,537
1,537
1,515
Operations—
2,592,741
3.007,801
Passengers carried.
2.340,243
2,762,961
Passenser mileaae. 155,573,9s9 171,317,751 182.492,438 185.214,934
2-293 ct.s.
2-262 cts.
2143 eta.
Ratep.pasp. p.mlle.
2.033 cts.
• 5,236 276 5,345,570 6,014,233 6,231,421
Fl'ghl (lOU:*) uiov"d
•1,157,413 •1,340,673 n.279,412
1,232,477
Fr'glitd'nslmdeaKe
0-694 ots.
0-560 cts.
0-686 cts.
0694 cts.
Av.rate p. ton p. in.
Earnings—
$
$
$
3,162,342
3,670,826
4,184,237
4,188,983
Passenger
7,938,572
Freight
6,906,207
9,309,987
8,883,448
Mail, express, &o..
638,845
686,430
670,266
<i98,094
Miles operated
"•
Total gross eam'fl. 10,707,394
Operating expenses
Maint'ceoi:war,>Sic.
1,541,009
I,lil6.839
iQt. of equipm't.
Transpor. & misccl.
5,100,134
—
M
Taxes
266,321
Tot. oper. expens.
Neteaminss
P.o.op exp.to earns.
Three
8.014,603
2,692.791
74-85
12,295,823
14,164,490
13,770,523
1.734,014
1.347,233
5,015,144
238,288
2,344,743
1,444,712
5,815,484
270,307
2,037,100
8,404,679
3,891,149
9,875,216
4,289,244
69-72
6335
1,3»!9,'43
I
6,379,503
280,818
10,036,606
3,683,917
73-24
eipler-s omitted.
1885.
$
Rteeipts—
Total Income......
1886.
3,891,149
72,216
2,.6j,U07
45, 190
3,936,339
1887.
.
DlTlilen
.
Is
Surplus'*
$1,359,597
FrcigUr,
409,462
Possen's, m.iils, express, &o...
$2,108,112
562,420
$2,413,732
658,617
$1,829,059
Total earnings
Expenses
$285,941
MSiintenance of -way
494,.508
Motive power
501,411
Transportation
and
taxes
206,526
Maint. of cars, gen'l
$2,670,532
$3,072,349
$345,510
576,201
715,545
238,477
872,783
1,048,605
441,863
$1,488,386
$340,673
$1,905,733
$764,799
$3,050,423
$21,926
—
!,675,432
2,984,319
3,109,31-^
Toledo Ann Arbor & North Michigan.
CFor the year ending Dec. 31. 1888.^
3,739,193
Tlie report of this company for 1888 his just been issued.
Tlie company has been progressive from the start, and its
184,310 affairs are too extended to be covered in all their details by a
2.336,782
The report of President Ashley
339,161 brief summary in this column.
^15,938 at length will be found under "Reports and Documents" on a
540,870
32.513
932,0-20
1, 532,650
(2)374,764 (1)749,328
483.l-.i2
577,256
89,575
$687,167
55^76
2,876,191
863,002
89,575
( 4)
749 ,528
113,474
Balance to credit of Income account Deo. 31, 1888, -was $2,090,720.
"
1888.
1,227
735
3,683,917
184,S10
134,310
2,392,674
407,335
2,351,619
8,679
184,310
1,482,443
1887.
1,117
1886.
KoadoperiitedDec. 31
Earnings from—
18S8.
289,2A4
52,718
4,311.962
Disbursements—
Beutals paid
Interest on debt
Can. Boulli'n share..
Miwcellaneous
Total
Barplus for div'ds
approach and terminals by the Iron Mountain Road, there
seems to be every reason why the road should earn its first
mortgage interest. The best point in regard to the property
is its capacity for obtaining a good and increasing local business, as the line runs through a fine agi-icultural and timber
country, and is said to be better located in this respect than
The first mortgage
its parallel line, the Iron Mountain Road.
bonds are at §13.01)0 per mile only, and if tho road can earn
§4,000,000 gross in 1890, as the report says it should, then it
ought certainly to earn §1,000,000 net.
In the comparison of earnings and expenses below it 5vill be
observed that the outlay for maintenance of way and motive
power in 1888 exceeded the same items in 1887 by the very
large sum of §638,000, showing how large an amount of the
earnings were applied to improvement of the property. The
mileage, as given below, was the total in operation at the close
of each year, and not the average operated during the year:
EARNINGS AND EXPENSES.
Net earnings
$
2, 692,791
received only actual cost of transportation. Traffic
for the year 1888, as compared with 1887, shows an increase iu
volume of 26-4 per cent in freight and 17 per cent in passengers, but while the rate of revenue on passenger business was
tlie same for 1888 as for 1887 that on freight business was 9-5
per cent less, and the cost of service increased by 26-4 per cent
on freight and 37 3 per cent on passengers. The chief cause of
the greatly -increased cost of transportation is set down to the
lieavy i-ains during tlie spring and early summer, a condition
of things which necessarily caused great expense, and was
shared by other lines in the same temtory. The low rates prevailing also caused small net earnings.
During the year there were 298 miles of right of waycleared, 235.693 cross ties were replaced, 86 miles ballasted,
and 127 miles of track relaid with 56 lb. steel rails. The total
outlay for renewals and betterments on bridges and buildings
was §300,006. Tno change of gauge during the year cost
The company
.§340,544, and additional construction §426,941.
added to the rolling stock 15 new locomotives, 1 official car,
4 chair cars, 4 coaches, 1 combination car, 3 baggage cars, 2
cabooses, 25 refrigerator, 50 furniture, 400 box cars and 150
flat cars. The Hillsboro, Fort Wortli, Little Rock, Shreveport,
and Grand Tower extensions were completed during the year.
The management recommends that §350,000 be expended
for ballasting in the Fort Worth district, §95,000 for ditching
and §65,000 for clearing the right of way; also §166,650 for
It is stated that the
steel rails between JIalden and Brinkley.
gross earnings for the current year should amount to §3,500,000, and with good crops they may amount to §100.000 more.
For 1890 the earnings should be §4,000,000.
No mention is made of the important financial transaction
of the year by^vhich a large amount of stock and second
mortgage bonds was transferred to Messrs. Gould and others
for about §2,000,000 cash, and three out of the five trustees in
control were given to the Gould interest. The coupons on
the first mortgage bonds have thus far been paid, including
the coupon of May 1, 18S9, and tho gross earnings are showing
well, the total from J.an. 1 to April 31, this yeai-, being §885,000, against §756,469 in 1888— a gain of over 17 per cent on
If through business from Texas which fairly
last year.
belongs to this road ls not diverted to other lines, and the
company is charged no more than a fair price for its St. Louis
Total
INCOME ACCODNT.
Net earnings
Int. and dividends
XLVin.
company
OF EACH FISCAL
1885.
[Vol.
Lonis Arkansas & Texas.
CFor the year endiiig December 31, 1888. J
The annual meetmg of this company took place in
St.
subsequent page.
The earnings of tlie company have been kept constantly
ahead of its charges, notwithstanding the increase in mileage
from year to vear, and the balance carried forward at the end
was §72,847.
The comparative statistics for three years, compiled in
usual form for the Chronicle, is as follows
of 1888
ttie
:
St.
Ol-EKATIONS AND FISCAL RESULTS.
1887.
1886.
Louis
April 30. The election of directors resulted as follows: S. W.
Fordvce, R. C. Kerens, W. M. Senter, S. A. Bemis, Edwin Gould,
W. B. Doddridge, H. C. Haarstick, D. D. Ferguson and J. C.
Reiff.
The directors met and re-elected officers as follows:
President, S. W. Fordyce; Vice-President, R. C. Kerens; Secretary, Edwin Gould. J. C. Reifl and Edwin Gould were
added to the Executive Committee.
The annual report was submitted, and from the abstract published in St. Louis the summary following is obtained, no
official copies having yet been received.
A large portion of the freight handled during the year was
construction material for the new branches, and for which the
178
Road operated Dec. 31
Operations —
Passengers catrted. No
Passengers carried one mile......
Pieiglit (tODSI carried
Freiglit (tons) carried
cue mile
.
Mail, express,
&o
Total etrnlngs....----
Of crating expenses and taxes
Netearnlngs
1898.
.
245
152,479
110,202
2,78l,o29
5,017,029
539,093
339,824
18,678,338 27,870,163
194,137
6,564,268
652,939
39,524,777
$206,400
75,525
98,326
$308,547
93,275
$111,389
172,937
103,253
$380,251
222,091
$535,752
342,606
$0»7,579
433,392
$158,157
$193,140
$251,187
Earnings—
Freight
Passengers
184
133,9:<0
.
May
.
THE CHRONKJLE.
l»9.J
4,
IXCOME^ACCOCNT.
NetpamlnM
Interest
..u
Surpliia
Uubt
forynar
1880.
1887.
$158,157
145,600
9103.146
184,800
$12,55
OEMKRAt, nAI.ANCE DKC. 31.
n.
Assfls—
Constiucllon
18M(1.
$0,g4'i,132
374,969
14,504
35.555
135,131
KiniliniHJiit
Mute^iula »n<l supplies
Cash
AocouaUof agouu,
i&o
689
&
1888.
9254,1 H7
230,8(10
$9,340
$17,387
1887.
1888.
$7,80i),788 $10,30.'S,S44
31I7,I>S3
600.<)14
L'l.-2l
42,7<'3
31,711)
3H.702
175.042
106,404
national
On«at Northern Itiilrond
„.,. riw\ fxt.M<le.l th« rc< .ivership to cover intervening ixmdii..
jmlKm'^nl r. .|
itors.
Receiver Hearne's tniit for
of till- I. ,iil
nroperty and management of ita aifmrH wiw to come
up fur
<
1
lieariug later on.
Louisville a Nash y I lie,—This company hn« coin|.l.-t<<l
llmmcial arrangenuiits to c^mstnict a link ((.niK-cling with
the Norfolk & Western through Ihe CuinU-rlnt..! c
i„,„t
eighty-live miles of new romi, from n fKiiiil
Tlie money t> complete this road has Uwn pi
mortgsge authorized some time ago. Bonds am 1»
,1 n
road is completed,, at $15,000 a mile, and it will t:i
iii
$1,500,000 to complete the roml. Tlie connection
iih -li..
Nor.
West, isexpectcd to be of great advantage to 111
i. .u.
|.
,
,
i
$7,502,204
$8,508,417 $11,244,023
Littbililiex—
$4,040,000 $4,040,000 $5,300,000
2,860,roo
3,780,000
5.040.000
25 1 .8 19
359.070
426.017
1-22,740
02.364
224.416
180.612
180.612
100612
47,114
55.462
72,818
Fun<Ied debt
BllU and aooonnts payable
CartnisU
DueJ. M.
i
.•
Capital Btock
A'liley
Income account
&
.
Mexican Central.- Tlie annual meeting wns held in Boston,
and the President's report for 18H8 was «iihmitt<'d. No ofFrinl
copy has yet been received, and it will probably appear in the
May
Chroniclf, of
$7,502,294
Newport News &
CFor
$8,508,417 $11,244,823
Mississippi Valley
Company.
the year ending Dec. 31, 1888.^
11.
Tlio following gentlemen were elected directors : Oliver
Ames, Isaac T. Burr, Sebastian Camacho of Mexico, Jacob
Edwards, Levi Z. Leiter of Chicago, E. Rollins Morse. Albert
W.
Nickerson. Joseph Richardson of New York, William Rotch.
W. Jackson of Mexico, Warren Sawyer. Alden
Speare, Rolx>rt K. Symon of Ix)ndon. Eng.. Joseph H. White,
George B. Wilbur. Levi C. Wade, and E<lwnrd H. Whorf of
Mexico. The directors subsequently met and re-elected the
present
officers.
ASSETS AXD LIABILITIES DECEMBER 31, 1888.
President Wade made a statement that the company had
Assets.
Liabiltties,
C &0.Ry.G%l)'d8, 191S $l,.'590,800 Capital stock issued. ..$13, 761.800 disposed of the $7,000,000 priority bonds at 5 per cent. With
"
"
••
"
2d pref. stock
143,172
scrip
33,190 the proceeds the directors had paid off the coupon notes, and
C.&ORy.rcor^. cirl's—
Vouchers <t nay-rolls..
491,731 they proposed to pay off the debenture
bonds. There was
First pref. stock
127,191 State & munici'p'l taxis
l-.OOO
Common stock
3.000,000 (Joiip. E.T. Ii'ds overdue
32,010 $52,000,000 of consolidated bonds, which of course was a
" more or less "' item. He did not think it would be more if
l,O.-.5,500 Coup. mlK.b'dsoverdue
E.L.&B S.RR. stock
49,35.=i
C.O.AP.W.KR.com.sfk 5.708,700 Due sumlry roads, &c..
80,807 it was, it would not be much more. The total fixe<l interest
C.O.&.S.W.KU pref.st'k 3,511,600 Unadjusted accounts..
26,032 would
be $2,430,000. Tlie company would have 1 ,823 miles of
li',7.'j7
Loans and notes
Cash, (general oltice
1 ,200,454
That would require, in order to pay the interest, net
114,2nO E. L. &B.S. RR.Co....
Casli. local olHces
53,400 road.
10.'i.3C3 H &E. Ry. Co
Remittances in transit.
1,3!I4
earnings of $1,334 07 per mile. United States gold. The aver42,207 Income Account
Agents and coiidnctora
268,237 age net earnings per mile. United States
gold, in 1887 were
N. Y. Coal Agc-i cy
5,703
$1,310 30. and
1888 they were $1,342 01, which was $8 per
Otlier Roads' Ijalances11.940
Sundry RMs i: persona
83,806
mile more than would be required to pav the interest. In 1887,
U.S. P.O. IJop;irtmenl;.
32.608
1888 and 1889 the fixed charges had been higher than they
Unadi'istcdoreu acc'ts
99,721
would be in a few years, partly because they had been renewRcceivcrC.&O.Ry....
246,381
ing the ties. He was satisfied that the new line from the main
44,672
C. &0. Ry
C.O.&S. W.RR.Co....
759.134
line to Tainpico would earn considerably more than the presOr'nbri'rANewRiv.RR.
30,384
ent road. It was pretty fair to assume that when the Tanipico
Troy&Tiptonv. RP. Co.
952
hue was completed and in operation the company would cam
Louisv, Cn jiass. stat'n
121,065
Louisville real estate..
16,546
out of it alone sutlicient to ptiy the operating exjtensro.
Stock* b'dsotbor Go's.
5,737
All this was not taking into account the subsidy collections,
Et'k of supplies on band
173,017 Balance
1,264,831
wliich would amount to $734,000 gold net, laid ilown at BosTotal
Total
$17,341,244
$17,341,244 ton, which would give them considerable leeway by the time
the Tampico line was completed, those collections would
amount to over $1,000,000.
Tlie report of Mr. C. P. Huntington, President of tliis corix)ration, wiiicli was organized to control the roads between Norfolk and tlie Mississippi River, gives the following balance
sheet:
.
Ekiward
.
;
m
:
GENERAL INVESTMENT NEWS.
—
Michigan Central. At the annual meeting of the stockT^Central Iowa. The last call issues to Central Iowa stock- holders of the Michigan Central Railroad held at Detroit, F. S.
holders in the matter of the payment of assessments under Winston, of Chicago, was elected a director in place or John
the reorganization plan. May 39 is the last day on which B. Farwell, of the same city, and the other directors who
such assessments can be paid, and failure to pay them by that served last year were re-elected.
date will forfeit participation in the reorganization.
New York Chicago & St. Louis —At the annual meeting of
Cincinnati Wasliingrtoii k ISaltiniore. Th? coupons due the stockholders of the Nickel Plate road the following directMay 1 of the first mortgage 4}^ per cent bonds guarante.d by ors were elected WilUam K. Vanderbilt. Cornelius VanderBaltimore & Ohio were not paid, but notice is issued that the bOt, Frederick W. Vanderbilt, Hamilton McK. Twombly, John
coupons will be purclias>:d at par on presentation and surren- S. Kennedy. James A. Ro<isevelt. C^harles A. Reed, Daniel W.
der at the office of the Farmers' Loan & Trust Company. Caldwell, jephtha H. Wade, Frank A. Mizener, FVederic P.
There was considerable excitement over the matter in Balti- Olcott, Chauncey M. Depew and AUyn Cox.
more. The Baltimore & Ohio is tlie guarantor for the $6,250,President Caldwell submitted a statistical report showing
000 of these C. W. & B. bonds, and the following is the form the earnings for the year 1888. No comparison was made
of guarantee upon each of the bonds in question
with the earnings for 1887 for the reason that the property
Guarantee.— For value received the Baltimore
Ohio Railroad Com- was then in the hands of the receiver:
1888.
pany lierchy guarantees tl»c prompt payment of the principal and in-
—
—
:
:
St.
terest of the witliiu bond as they severally u.ature. Witn'sa the corpol>orate seal of the said comiv-iny and the sisnature of its treasurer.
WM. II. IJAMS, Treasurer of the Bait. Jc Ohio RR. Co.
—
Fitchlmrer. The gross and net earnings and charges for the
quarter ending Marcli 31 were as follows.
Gross earnings
Opcratin;; eJii)enses
Net earnings
and rentals
1889.
$1,259,876
979,789
1888.
1,178,584
938,491
Increase.
f 279,887
$220,003
291,852
$'•9,795
305,349
25,462
71 ,759
Deo. 46,298
Interest, taxes
Dofloit..
$81,092
21,297
13,407
Net
Other Income
>...
»721).S»8
Total
Interest on bonds
•SH8.957
878,»t9
154.7S9
and sinking fund ($100,0u0)
$6,717
SurrlnDjcomberll, 1888
Ensrland.- The gross and net earnings fcr
March and the six months ending March 81 were as follows:
New York & New
Honston East & ^(^st Texas.— This railway company
answer in the District Court of Hairis County,
Texas, in the suit of the Union Trust Company for foreclosure
Earnings
of the first and second mortgages. The answer alleges that the Expenses
^-0 montAi end. Me*. 31.^
1888-0.
1887-8.
^Ouarterend. ilarekSl.-.
1888.
1889.
$1,221,191 $1,156,932
82i,68l
870.402
company
are largely in excess of the interest on its first mortgage bonds, and denies that it has defaulted on its coupons otherwise than by order of the Court,
the road being in the hands of a receiver, and two couiwns
having been paid pending the receiversliip. It also alleges
that it has never sold its second mortgage Donds, and therefore is not in default on its coupons thereon, having only
pledged said bonds for loans. On the hearing of the ca.se on
the 29th ult. , on motion of the counsel of the railway company, joined by the counsel of the stockholders' reorganization committee, the case was continued to the next October
term of the Court.
Internatioual & Great Northern.— At Palestine, Tex.,
April 29, in the District Court, Judge Williams confirmed the
appointment of John R. Heame as receiver of the Inter
$728,978
0,42O
Total Income
Surplus from 1897
ha.s filed its
net earnings of the
$4,918,218
4.105.240
Gross earnings
Operating expenses
$350,689
Net earnings...
$2,636J>5\ $2,501,137
1,720,331
1,789,536
$147,369
$334,251
$780,900
& Norfolk.—This
railroad makes
the following oomjianitive reiX)rt of earnings for the tint
three months of the present year
!°'> 112552
Cross earnlrgs
"2'?2S
7,i87
luc.
110,877
Operating cxiienscs.
"Sfcw York Philadelphia
:
$32,773
Netearnlngs
&
Ibc.
$10,1S«
Western stookholden
held their iinnual mi-eting at Roanoke, Va.. antl eUvtwi the following directors F. J. Kimliall. C. H. Clark, Charles Hacker,
Joseph 1. IX)nin, Richard S. BnK^k, Samuel A. Oozer. A. J.
Dull. William C. Houston. Jr., U. L. Boyce, Walter H. Taylor,
Robert Fleming, Rowland Davis and Everett Gray.
Norfolk & Wosfern.— The Norfolk
:
THE CHRONICLR
590
New York PeiinsylTaiiia & Ohio.— The meeting of the first
and second mortgage bondholders of this company was held in
London on the 16th of April. Si Charles E. Lewis, presiding,
gave a
and extended s'atement of the relations of his comthe New York Lake Erie & Western, with the
differences )f opinion existing and the refusal of ths Erie t o per-
pany
full
toits lessee,
<
the terms of the lease or to arbitrate them. He stated
that no general modiflcati n of the lease by arbitration had
ever been suggested by the trustees, and that they would not
be parties to one; that they claimed to stand on the lease as once
amended, and would resign rather tiian enter into another
modification by arbitration. Various letters and accounts were
submitted and read, and the same tnistees were unanimously
re-elected.
They were Sir (leorge Balfour, J. Lockington
Bates, Sir Charles Tennant, Hon. Henry Cecil Bakes and Sir
Oiarles E. Lewis.
form
all
Pacific— Union Pacific— Wisconsin CentraL—
of the board on Thursday a communication was
received from President Charles Francis Adams of the Union
Pacific proposing a trackage and traffic agreement with the
Northern Pacific, by which a peaceable solution of competition in the Pacific Northwest could be reached. The directors
Toted to authorize the executive officers to renew negotiations
INorthern
At a meeting
Pacific.
It was stated that there was already
rsufiicient agreement in general piinciples to warrant the ex-
<with the
Union
J^epovts autl fljocximeuts.
TOLEDO ANN ARBOR & NORTH MICHIGAN
RAILWAY CO.
ANNUAL REPOET FOR THE YEAR ENDING DEC.
Ashland on Lake Superior and the City
of St. Paul, to the
31,
1888.
Toledo, Ohio, March 15th, 1889.
To the Stockholders of the Toledo Ann Arbor <fc North
Michigan Railway Co.:
Gentlemen: In submitting their eighth annual report of
the operations of this Company, for the year ending December
31st, 1888, the Board of Directors take pleasure in presenting
to both stock and bond holders the subjoined statement, showing the steady and healthy growth of the traffic of the road,
and the consequent increased value of their property.
It will be obsei-ved that both the gross and net earnings for
the year exceed largely those of the previous year.
The gross earnings and operating expenses for the year 1888
—
are as follows:
GROSS EARNINGS
From
$411,389
172,936
15.822
12,320
51,809
23,302
Freiglit
Passengers
Mall
Express
pectation of a harmonious arrangement between the two companies, which would avert the danger of any contest of rates
or war over territory.
The Northern Pacific directors also completed the recent negotiations with the Wisconsin Central Company by which the
two interests are closely united. Three contracts were adopted,
none of which involves any liability on the part of the Northern
Pacific beyond the obligations of a traffic agreement. The
details are: First, a contract between the Wisconsin Central
fffstem of roads between Ashland, St. Paul and Chicago, covering rail connections from the Northern Pacific termini at
fVoi. XLVtll.
Rentals
Miscellaneous
^
Total for the year
09
56
21
00
05
10
$687,579 01
OPERATING EXPENSES
For Conducting transportation
Maintenance of way and buildings
Maintenance of motive power and cars
Mi; cellancouf', including taxes
$209,855
77,971
59.925
^5,639
_
Total Tor the year
Neteamings
for
69
59
03
80
$43^,392 11
$254,186 90
1888
Percentage of net earnings, 37 per cent.
terminal system of the Cliicago & Great Western Railroad
Company in the City of Chicago; second, the approval of the Balance from 1837 INCOME .ACCOUNT FOR 1888.
$55,461 06
contract between the Wisconsin Central Company and the Gross earnir gs lb88
$ 87,579 01
Chicago & Great Western Railroad Company, for terminal Less e^pen8e8
433,392 11
$254,iy6 90
accommodations in Chicago for the benefit of the Wisconsin
ISTEREOT ON BONDED DEBT.
Central Company and its associate at a rental of §350,000 per
Division
Bonds.
yea-,
1
6 per cent. $75,600 00
annum and a proportion of maintenance, &c.; third, aeon- On $1 ,260,000 Southern
Mr.in Line BoErts, 1 jear, 6 per cent
127,200 00
tract between the Northern Pacific Raih-oad Company and the On $2,120,000
On $400,000 Mt. Pleasant Division, 1 year, 6 per cent
24,000 tO
Wisconsin Central Company, declaring the Northern Pacific On $500,000 Cadillac DItIsIod, 4 months, 6 per cent
lo.ooo 00
Company to be its associate, and entitled to share in the bene$.'36,800
00
fits of its teiTuinal contract with the Chic. & Gt. West. RR. Co.
Balance carried to 1889
$72,847 96
Mr. Abbot, of the Wisconsin Central, said to the Evening
It will be seen that the operating expenses for the year 1888
Post reporter " The arrangement goes into effect July 1 and
lasts 99 years. It is, in substance, this: The Wisconsin Central are one per cent less than for the year 1?87.
An examination of the annexed tables will show the steady
receives at Ashland and St. Paul Northern Pacific business
and delivers it in Chicago, and receives in Chicago business and unintei-rupted gi-owth in our traffic; and that it has been
destined for the Northern Pacific.
The Wisconsin Central marked and uniform since the day the road was opened. The
.divides its own gi-oss earnings into two portions 65 per cent estimated increase for 1889 will swell the gross earnings for
and 35 i)er cent. It retains 35 per cent for its own sole use and the year to over one million dollars.
appropriates the 65 per cent to operating expenses and certain
GENERAL MERCHANDISE TRAFFIC FOR THE YEAR.
improvements tendmg to reduce operating expenses.
The freight handled in 1888 was 653,989 tons moved one
"If the operating expenses are less than 65 per cent, the mUe, 39,524,777 tons. In 1887 the freight handled was 539,093
Northern Pacific receives a sum equal to one half of the dif- tons moved one mile, 27,870,163 tons, which is an increase in
ference in consideration of the business which it gives to the tonnage of 21 1-10 per cent.
Wisconsin Central. If the operating expenses exceed 65 per
North and South Bound Traffic-Prior to 1887 our
cent the Wisconsin Central wiU pay not exceeding 2}-2 per cent north-bound traffic exceeded 80 per cent of our gross tonnage,
of this excess out of its 35 per cent, and will divide one-half of and our south-bound averaged a fraction less than 20 per cent.
any excess of operating expenses above 67% per cent of the
In 1887, after the line had been opened to Mt. Pleasant, the
gross earnings equally between the Wisconsin Central and the south-bound traffic increased to 23I2 per cent, and for 1888 it
Northern Pacific companies. The Northern Pacific, however, reached 28 2^10 per cent, and there is no question but that it
is not bound to pay its one-half of such excess, excepting out of wiU reach 35 per cent for 1889.
future profits received under the contract writh the Wis. Cent.''
The management of this Company have labored for years to
Oregon Short Line.- The figures for 1888 as given in the secure an equalization of its north and south bound tonnage,
Union Pacific report are as follows:
and this equalization can with certainty be .predicted for the
18f8.
18S7.
year 1890.
Gross esrninga
$2,671,866
$2,018,068
When it is remembered that the road has been able to earn
Operating expenses
1,533,520
1,388,531
its fixed charges from the date of its construction, with 80 per
Net earnings
$1,138,346
$629,537 cent of its traffic north bound, there need no longer be any
Interest
89?,860
89.=>,860 question about its financial success when 35 to 45 per cent of
its traffic shall be south bound.
Bnlance
sur. $242,486
def. $266,323
Oregon Nav. deficit
34»,118
The Coal Tonnage. The coal tonnage transported in 1888
18,083
shows an increase in tonnage, as compared with 1887, of 48,406
:
—
;
;
—
DeHcit
$106,632
$349,118
$284,406
Deficit of all proi)ertie8
$18,083
Pittsburg * Lake Erie.
mortgage for.$4,000,000, issued
by the PiiSsburg
Lake Erie Railroad, has been filed for
record in Ohio, in accordance with the action taken at a meeting of the company in February.
&
—A
Staten Island Rapid Transit.— At the annual meeting of
stockholders of the Staten Island Rapid Transit Railroad Commny, the following directors were elected for the ensuing year
Charles F. Mayer, Orland Smith, Thomas M. King. C. K. Lord,
Frank S. Gannon, J. Frank Emmons, Erastus Wiman, A. B.
Boardman, James M. Davis, Charles Watrous, O. S. Wood, A.
C. Rose and P. H. Marshall.
The report to the State Commissioners for the quarter ending March 81 is as follows:
:
1889.
„
<iro88 earnings
Operating expenses
Ketearnings
Fixed ehaiges
DfflP't
1888.
$145,314
138,699
$127,338
123,847
$6.61.';
$3,491
66.699
$63.208
73, 575
$6H,960
jar For balance of InveBtment Items «ee page 5S0.
an increase of 19 5-10 per cent, which increase indicates
value of our connections at Toledo with the coal roads of
Ohio.
Ageicultueal Peoducts. For 1887 and 1888 the grain
crops in Micliigan were unusually poor. In 1886 the Ann
Arbor road carried 51,826 tons of grain in 1887, in spite of
the operation of fifty additional miles of road in the best agricultural section of Michigan, the tonnage was but 38,034, a
decrease of 26 6 per cent.
It should be remembered, however, that the past two years
have been very exceptionally bad in Michigan. This Company's line runs for 200 miles through the finest agricultural
Washdistrict of the State, and one not excelled anywhere.
tenaw County, forty miles from Toledo, has the best record,
probably, for average production of all the counties of the
State Clinton, Livingston, Isabella, Shiawassee, Monroe and
Genesee are also remarkable for varied and heavy products.
West of CadiDac, where the road's extension is now building,
there is a heavy ha,rdwood country, wliich, when stripped of
its timber, wUl be equal to any in the State for fine farms.
So far as the indications stand at present, the prospects for
fine crops this year are very good, and we may confidently"
tons,
tlie
—
;
;
1
AY
4,
THE CHRONICLE.
lc80,]
ex|)ttt a very largo incrcaae in revenue not only from agricultural business but from other business connected with
it, if
the priHluotiou this year returns to its normal liguro.
The Lumber Traffic— The tonnaKe of
moved nearly doubled that of the previous
forest
year.
ordinary conditions.
producLs
It
would
have been much larger under
The great fall of snow and severe weather during the winter
of 1887 and 1888 in Northern Michigan rendered it ini|x>ssible
to oi)orate the Cadillac Division in the spring as contemplate<l
the last rails ha- ing only been laid in Deceuiter and the track
but i)artially balhisU'd. The great freshets in the spring carried
away two bridge in June and two long sections of track, so
that regular trains could not be run with rfafety until August
5.
The increase in tonnage resulted from the operation of the
last five months of the year.
Should the ratio of increase for
the last five months of 1888 be a fair criterion for 1889, the
forest i)ro<luct tonnage which will be handled during the
year
will not be less than 180,000 tons.
MACHINE SHOPS AND ROUND HOUSE COMPLETED AT OW0880
,
efll
than *J,(H)0 DOT mile
J»
that
wLl reach $6,500.
per annum, with
it
erwy probiMli^
i~«~-«u»y
THE NEW MUSKEtiON ROAD.
This road, extending from the City of Muskeoon on
Lak«
Michigan to the village of Aithley on the main line of
thia
Coinpa ly's roa.!, in the county of Oratiot, is 90 milea in leooth
and was oiK!ne<l for tratlic on the flrst of July, 1888, nadinrUM
nionagemunt of the Grand Trunk of Canada, aa lenee.
For a remunerative rental this Company lias leaaed t(j the
Grand Trunk the joint use of it» trades between Ariiley to
OwoBSO, 20 miles, with its own motive power.
The importance of this new outlet to the City of MaakcgDE.
and the territory along the Une of that roa<l is unqueatioaed,
securing as it docs Uj the country and towns through which it
runs a new, shorter and better route to Detroit and Toledo
and to Canada and the East. Its traffic is certain to have a
large and healthy increase, and from its geographical locati<ia
the Muskegon road must of necessity bwome a valuable
property.
Tlie property acquired at Owosso, and the Machine,
THE CUrPPEWA VALLEY ROAD.
Car
Shops and Koimd House erected thereon, add to the Company's
This road will run from Mt. Pleasant up the Ctiippewa Valleybetterments a value of not less than $75,000.
through Big Rapids, and a number of g^-owing towns, to ttie
In addition to this we have made valuable improvements at City of Manistee on Lake Micnigan, a distance of
about 120
Toledo, Durand and Cadiilac during the year at a cost of miles.
$30,000, which has materially increased the value of the ComThese towns and cities are growing manufacturing centres
pany's property at these points.
in the midst of rich farming districts.
Manistee has aa
Some thirty miles of track was relaid with 56-pound steel excellent liarbor, and affords tne best attainable faciUtics for
rails tetween the 1st of June and the 10th of December, so that lake transportation to Chicago and Milwaukee, and other
citie*
the main line is now all laid with 56-pound steel rails, except on Lake Michigan.
the track south from the Michigan Slate line, near Alexis to
The roati is located through a country heavily timbered with
Toledo, which is laid with 67-poimd steel rails because of the pine and liard wood, and at all ]x)ints on its lino are found
heavy tonnage handled on that part of the road.
some of the best farming lands in the State, which are b^ing
The iron with wliich the track was originally laid has now rapidly tettled and cultivated. Much of the route of this road
aU been renewed with 56 poimd steel.
is through a country that has long felt the want of radroad
facilities, and no more desirable route could have been selected
THE CADILLAC CONSOLIDATION KATIPiED.
The agi cement for the consolidation and merger of the in Michigan for a new and profitable road than the one selected
by the projectors of the Chjppewa Valley Railway.
Cadillac Company, wath this company, which had been apIts junction with the Ann Arbor at Mt. Pleasant is an
proved by the respective Boards of Directors of the Cadillac
Comjjany and this Company at the date of our lasr annual advantage to the latter road, and must give it a large increase
in all kinds of traffic.
report, but which at that time had not been ratified by the
THE NEW 8AGLNAW BO AD.
stockholders of either company, was submilted to a vote of
the stockliolders of each of said ccmpanies, as the laws of
This important line of road, although not completed, was
Michigan and Ohio provide, and said consolidation agreement opened for ti-affic (Durand to East Saginaw) lust fall to accomwas duly ratified and confirmed by the unanimous vote of the modate the public. It is to be extended next spring via East
stockholuers of both companies, and from and after the date Saginaw to Bay City.
of said ratification and approval the Cadillac Company became
The road is being built by wealthy business men of Elast
a part of the " Ann Arbor" system, and legally merged into Saginaw for cash, and without the sale of bonds or stock.
the Toledo Ann Arbor & North Michigan Raflway Company,
This company is now operating the new road from Durand
THE EXTEK8ION TO LAKE MICHIGAN.
the policy of this Company to occupy the territory west
and north of Cadillac, and to construct or acquire therein
such Une'. of road as may be demanded to supply the transportation facilities required for the early development of that
country, and the varied industries wliich of necessity must
grow up and flomish there.
The principal, and in fact the only, industry of any importance in that territory at present is the lumbering of pine wong
the Manistee and Betsey Rivers for manufacturing at Manistee
and Frankfort.
The hard wood timber tributary to the lines of road constructed and contemplated in the district west and north of
Cadillac, and within seven (7) miles of the railroad tracks,
which will be owned or controlled by this Company, is not
less than ten billion feet, which alone will create a traffic for
this Company's road of not less tl an $400,000 per annum for
twenty-five years. The soil is clay and loam, and as soou as
the timber is cut off good farms will be developed.
At tlie terminal which will be selected on Lake Michigan a
large iron plant will be located for the manufacture of charcoal
pig iron. The iron ore will come from the E.scanaba distric ,
the Upper Peninsula, and the charcoal will be made from
the hard wood, through which the several lines of this C mpany's road are now built or located.
This iron ore and
charcoal can be brought together on our lines cheaper and
b«tter than in any other locality in the Northwest. A Jtraliic
yieldiiig not less than $125,000 per annum is confidently predicted from this source alone. The topography of the country
makes it certain that a considerable number of thriving towns
and villages will spring up along the lines of this load in thi*
It is
m
territory.
The itassenger and freight trafllc, both locally and JacroM
Lake Michigan from Eicanaba and Gladstone, and Green Bay,
of slower growth, but will exceed" $300,000 per annum
within two years after the line to the lake has been opened
for this kind of business.
Twenty-five miles of the Lake Michigan extension was built
duiing fhe fall, and about the 20th Dece uber all work for the
winter cea.sed. Some thirty-five or for,.7 miles will be constructed in the spring and suiamer and be ready for operation
about SeptemlKsr 1st, 1889. The renuining territory in tliia
district will be supphed with branch lines during the ensuing
four or five years, as the growing business may require, not to
eiceed forty or fifty miles per annum, so tliat the growth of
traffic may foil .w close on trie work of construction.
This will be the extent of the Ann Arbor system in Micliigan,
and when co iip^eted will consist of 460 miles of railroad,
starting at Toledo, Ohio, and traversing north by west the
State of Michigan, crossing and connecting with every trunk
line in the Sta'e, and exchanging traffic with them all.
When
80 completed the road will have permanent earnings of not
will
l-e
Saginaw for the Saginaw Construction Company.
Negotiations are pending for the control by this company of
that property, when it shall have been completed to Bay CHty.
But whether it becomes a part of the Ann Arbor system or
not, its junction with this road at Durand will always make it
one of the most valuable railway properties which could have
been built in Michigan to a connection with this company's,
property.
to East
ADDITIONAL TRANSFER OOSNEOnONS NEEDED AT TOLEDO.
It is
expected that the Toledo
St.
Louis
&
Kansas City road
will be completed to East St. Louis some time in September or
October next. This road will undoubtedly do a large business
from and to the Southwest and Canadian and Eastern points.
Its only means of reaching the Canada Unas over an independent road from this city is by working with tliis company. It
is very desirable that a direct connection be secured between
quick means of transthat company's tracks and this road.
portation from and to that line wtII undoubtedly be the means
of giving this company an additional revenue of $15,000 or
$20,000 per month.
belt road about eight miles in length has been surveyed
around the city with a view of providing this connection.
It is estimated that such a road can be built for about $850,000. Bids for its construction, based on these figures, have been
received, and we anticipate that this connection wiU be ready
KanaSB
to handle business by the time the Toledo St. Louis
City have completed their road as contemplated.
A
A
&
GRAIN ELEVATORS.
Attention is again called to the necessity of grain elevaton
along the line of our road and at Toledo. An elevator at Toledo with a capacity of 500,000 bushels co\ild be kept busy
throu^out the year by handling the grain tributary to the
line of this
company's road.
The counties through which the Ann Arbor road is nowcompleted, and those tributary to it, have each year for the
past four years produced for sale and export from the State
not less than six milUon bushels of wheat. At least one-half
of this wheat would find its way to Toledo if proper faoiUtie*
for handUng it were afforded on the Une of our road and at
...
Toledo.
To provide such elevator faciUtiee it is Bugjjestecl that instead
of the railroad company building and oprating them, an ind»pendent elevator company be organized for that i)ur»iee.
That such an investment would pay is not doubted by those
competent to judge.
,
,
There is no question that the handling of this large amount
of grain via the Ann Arbor road would largely inoieaae botti
the wholesale and retail trade of Toledo.
.
UOOD LOJATIONS FOE YOUSQ BUSINESS MEN.
The management of this company again calls special attention
to the fact tKat at
many points along
the line of this company's
S
692
CHROMCLK
'J'HE
road, desirable business, locations can be found where enterprising young men of limited means may successfully establish
themselves. Especially on the extension beyond Cadillac will
be found a number of valuable water-jjowers, where flouring
and saw mills and manufacturing establishments can be profitably erected and a safe and reliable business be built up.
Instead of denuding and devastating the country of its valuable timber and leaving it comparatively valueless, it has from
the first been the purpose of the management of this company
to do whatever they can to build up and improve the country
by aiding all new-comers, whether farmers or mill men, manufacturers or merchants, to the end that an active, intelligent
business population shall occupy the territory, so that while
serving the people along the line with cheap transportation
facilities, we shall in return secure a paying business for the
gixe (JPommeraal ^irncs.
COMMERCIAL EPITOME.
Friday Night, May
OUK SUCCE3S DUE TO A CONSERVATIVE POLICY.
It is now twelve years since this Company was organized by
In that time we have built 234 miles
its present management.
1889.
May
Pork
Lard
We
become a part of our main line.
to pm-chase or lease any road except the
road from Alma to Mt. Pleasant, which now forms part of our
to
We have declined
line for 22 miles.
This conservative policy has saved us from more than one
number of roads have been organserious embarrassment.
ized for the express pui-pose of building to a connection with
us, because our main line secured to the territory through
which they were building the shortest and best route to DeNaturally enough they expected to have
troit and Toledo.
this Company endorse ai:d guarantee theiL bonds, but we have
steadily declined to do so as a matter ot business prudence.
can be no question of
51,527
1,S'48
786
None.
421,124
None.
647
3,000
532.800
230,998
26,853
882
bhds.
bbla.
No.
bales.
bbls.
bbls.
bbls.
Tar
bags.
pkgs.
bags.
bags.
Rice, E.
Rice, domestic
I
Linseed
Saltpetre
Jute butts
bales.
-bales.
bales.
Manila hemp...
hemp
bbls.
10,016
24,394
38,841
50,414
267,999
40,351
46,700
None.
200,613
None.
1.447
2 500
548,000
226,943
27,071
blids.
Flour
1.
boxes.
bags, &c.
Bplrlts turpentine
Sisal
4S,'204
1889.
AprU
lihds.
Hides
Cotton
Rosin
PROFIT-SHARING AND STOCK ALLOTMENT.
The very favorable reception given by the ofiicials and emgloyes of this Compan r to tne plan of " Profit-Sharing and
tock AUot'/ient" aaopted by iis stjCKhold-.rs is both gratifying and encouraging, and the President is confld>-nt that with
bags.
mats.
Wuls.
Molasses, foreign
Molasses, domestic
A
bales.
bags.
tea.
Sugar
Sugar
Sugar
Mclado
1.
6,412
11,205
36,362
49,431
249,572
bbls.
Tobacco, domestic
Tobacco, foreign
Coffee, Rio
Coffee, other
Coffee, Java, &c
We
their general co-operation there
mate success.
1889.
leading articles of merchandise at dates given:
of road, and the road has successfully maintained itself as an
independent line, no other railroad ever having had a dollar
invested in our enterprise.
have extended the road only as fast as we could see our
way clear to pay for it, and have thus avoided all entangling
have uniformly declined to endorse or guaranalliances.
tee the interest on the bonds of any company except such as
main
3,
The Centennial celebration has occupied so much of public
attention the past week as to leave little time to devote to
business.
Tuesday and Wednesday were close holidays,
Monday not very different, and Saturday a half-holiday, so
that even the speculative markets have felt the influence of
the festivities. A further advance in cotton is, however,
among the events of the week. Lower prices have led to
heavy exports of wheat and coin.
The following is a comparative statement of stocks of
road.
were
[Vol. XLVIII.
and sacks.
401
1,016
24,300
3,860
None.
10,<:50
114,000
None.
1,210
205,880
1888.
May
1.
17,765
15.886
39,137
44,402
153,263
53,613
07.600
7,540
None.
1,804,146
NonP.
254
5,000
458,600
215,091
18,151
56i
1,169
10,290
4,300
None.
8,230
90,000
Ncme.
1.043
22,50Q
4,300
None.
14,500
45,500
30)
1.542
137,288
262.430
6..50O
Lard on the spot has slightly yislded in prices, but at the
has had a freer sale, including lines to-day
at 6-65c. for prime City and 7*15@7'173^c. for prime Western,
with refined for the Continent quoted at 7-20@7 50c. The
slight reduction
its ulti-
miy be examined by other railby manufacturera and persons
doing business under gny form of corporate organ izatii'n, the speculation in lard for future delivery has not been active,
plan, as adopted two years ago, and the letter or address of but there was sufficient pr. ssare to sell to causa a slight rethe President accompanying the plar, will be again reprinted duction in values, and the market was easier to-day, but the
To the end that th?
way
c.-vmpanies,
in th"
'•'
plan"
as well as
appendix to
this report.
special attention of stock
again invited t ; this hoi^eful
The
is
close
and bondholder and employe
and healthy side of the labor
May
A PROSPEROUS YEAR.
June delivery
Eighteen hundred and eighty-eight has been the most prosperous year in our history.
In the language of General Zachary Taylor (when PresiI'ent), •' We are at peace with all the world and the rest of
In other hog products there is little chang*>, except that
pickled rutmeats are firmer; pickled bellies, 12 lb. average,
sold to-day at OJgC; hams, 12 lb. average, at lOV^c, and
shoulders, light w. i.!ht, at 5f^c. Tallow active at 4%c.
Coffee on the spot has shown a hardening tendencv, and
to-day there was a go d business, including Rio No. 9 at
I6S3C. and No. 6 at 18c., with moderate dealings in We^t
India growths at full prices, but Java quiet. The speculation in Rio options opened yesterday, after the holidays,
quite active and buoyant, and to- day made some further improvement, closing steady, with sellers as follows:
17-5''c.
16-8.ic.
17-25c. November
August
May
I7-55c.
;7'j5c. Drcemher
17 00 . Snp ember
June ..
17-150 October
17-j5c.
17-4jc. Jauuary
July
An advance of 30c<*40 pomts for the week.
Ra V sugars have betn dull, but the late advance in prices
is well maintained; fair refining Cuba being quoted at 6*^c.
and Centrifugal, 93 deg. test, at 7^,^c. Refined sugirs are
Molasses is nominal, with foreign quoted at 29@29Jic.
qui-'t.
for 50 deg. test. There have been no public tea sales this
mankind."
Special attention is als."> called t'> the fact th?>t we have had
se' ious aecidc-nt to record during the year 1888, and to the
additiona' fact t ".at no oisastrous accident has o..'Currtd on the
road at any time .'•inco its construe' ion began.
No better showing can be made touciiing the practical manage' aent of the property and the efficiency with which tr.e
no
operating depa'tment has been manaTcd, nor can evidence be
p'^sentea which will so foicibly testify to the marked care,
and fidelity of our employes for thii uniform success
the Board of Dirtctors desire to express to officials and emt loyes aJike tlieir personal acknowledgments.
;
J.
M.
I
I
—
Messrs. L. H. Taylor & Co. of Philadelphia have issued a
neat manual, being a directory of more than 100 financial
institutions of that city. Their monthly circular for May is
also just out, containing much of interest in financial circles.
week
Kentucky tobacco
:
&
&
—Messrs. Farson, Leach &
Co., this city and Chicago, preChronicle a list of May investments in city
amply repay investors to examine.
Messrs. Tobey & Kirk have removed from No. 4 to No. 8
Broad Street, whore parties wishing special investment will
;
sent in to-day's
bonds which
it
will
—
find courteous treatment.
—
Messrs. Young & Nelson, whose business card appears in
the Chronicle, have removed to the Bank of America Building, 46 WaU Sti-eet.
—Messrs. August
Wall
Sti-eet to
—The
Belmont
&
Co. have
removed from 36
a fine suite of rooms at 23 Nassau Street.
well-known firm of Green
offices at 57 Broadway.
handsome
&
Bateman has removed
I
is quoted at 3^51^0. for lugs and 5%<^
for leaf, as to quality. R:?ceipts in April show a mitS^edleaf was fairly active ;
erial re Juction from last year.
sal s were 920 cases; as follows: 450 cases 1888-S7 crops, Pennsylvania seed leaf, 10>^'al4>^o.; 10 J cases 18S7 crop, Wisconsin Havana, private terms; 120 cas'^s 18s7 crop, State Havatia,
12@15c 50 cases 1^87 crop. New England Hivana, 16ia30c.,
and 2i)0 oases sundries, 5 J30c.; also 300 bales Havana, 6Sc.@
$1 10 and 140 bile^ Sumitra, $t 2'l@$l 85.
On the Malal E.xchange straits tin shows some further
d pression, celling to day at 2iJ>^o. on the spot and quoted at
Copper is also depressed, closing at 13^<^c.
i;0-35c. for July.
for lake and llj^c. for G. M. B. Domestic lead is farmer, and
sales today were 97,50!.i lbs. at 3-f5o. for August and
September, and 3S7^c. for October, (juoted 3%^c. on the spot.
The interior iron mirkets are dull, aad some shading of late
inside prices for pig is quoied.
Spirits turpentine is lower at 43c., but closlDg quite active.
Rosins are also easier at $1 10@$1 12^ for common to good
strained. Refined petroleum is quoted at 6"S5c. (or export.
Vd]4,c.
called to the cards in the Chronicle of the
following firms who have removed their offices Messrs. J.
Kennedy Tod
Co., J. C. Walcott
Co. and E. L. Oppenheim
Co.
is
&
I
—
ASHLEY,
Pi-esident.
— Attention
steady.
DAILY CLOSING PRICES OF LARD FOTDRES.
Saturd'y. Mond'y.Tuesd'i/.Wein'td'y. TKursd'y. Friday.
716
7-17
7 15
delivery. ...0 7-1,9
ft)
H
7-17
717
719
c. 7-22
7*22
719
719
July deliver
o. 7-25
7-2:j
7-21
7-23
CO
delivery
7-2
An?,
c.
7-27
7-26
Sep . delivery. ...c. 7-32
proolem.
skill
was quite
to
'
Wool
is
in
good demand.
.
Mat
1
THE
4. 1889.J
CIIRONICLli
COTTON.
5,417,170 bales, against .'5,255, 866 bales for the same period of
1887-8, showing an increase since Sept. 1, 1888, of 161,801 bolea.
In n.ldition to above exports,
trtegnua* (o-nl«htakoifT«
U8 the followinK ftmountii of cotton on iMpboudTmit
ciMred
at the porta named. We a<hl nimilar flnirM for
New York'
which are prepare<l for our siKxinl um by MeMn. Ctoer.
ifon.
Tues.
TKun.
Wed.
FrU
ToUU.
I
177
Galveston
£1 Paso, &G,..
Now
Orleans...
Mobile
Florida
Savaimab
000
146
70
.1,288
177
851
167
4,509
4
156
500
462
45
310
127
16
545
20
602,
7,TI12
40
402
475
"781
2,927
Oriat
1,310
1.482
1,169
3,312
3,094
1.039
15
95
347
258
326
70
122
625
20
140
Port Eoyal.&o
24
WilmluKtou
WasU'gtftn.&c
Norfolk
West
09
120
Point...
234
188
400
N'wp'tN'8,&c.
1,777
3.50
191
1,169
New York
720
740
538
473
Boston
Baltimore
500
723
750
•505
1«7
290
991
1,039
196
Philadclpli'a.&o
Totals this week
334
8,467
4.926!
1,8611
173
2.5441
743
7,018; 28,242
3,426i
For comparison we give the following table showing the week'
total receipts, the total since September 1, 1888, and the stock
to-night, compared with last year.
1888-89.
Beceipis
1887-88.
St ,ek.
to
Tnu
Thit Binee Sep.
Week.
1, 1888.
Mays.
/Since Sep.
Week:
1,
1887.
1889.
1888.
Galveston...
El Paso,&e.
2,384
604,766
21,172
1,484 .647,933
4,298
7,156
New Orleans.
7,342 1,052,973
402 208,583
36,887
2,927 806,999
418 133,460
1,777 375,682
350
15,044
191 151,400
4,368
1,316 480,388
1,482 407,721
1,169 133,841
3,312 125,111
94,577
3,094
1,039
64,505
745
49,687
10,7401,686,919
215 202,148
1
23,366
3,894 843,128
847
74,665
2,720 402,358
151
15,434
80 100,877
3
4,922
4,496 457,287
3,804 387,951
1,003 108,400
669
88,393
78,470
1,491
956
42,405
53
25,121
122,339
0,462
175,230
15,473
0,525
18,382
3,771
10,191
954
3,071
5,785
14,070
3,924
221,876
7,500
2,475
10,654
1,275
208,582
10.500
18,328
16,030
28.212 5,417,170
32,003 5.23.'J,866
405.563
498.297
294
Mobile
Florida
Savannah
.
..
BlUQS.,&0.
Charleston ..
P.Koyal.&c
Wilmington
Wash'tn,&c
Norfolk
West Point.
NwptN.,&c
New
York.
..
Bo.ston
Baltimore.
..
Phirdel'a, &c
TotaLs
In order that cbmparison may be made with other years,
give below the totsris at leading ports for six seasons
we
New OrleauH.
Mobile
Charleston.. ..
1889.
GaIv'ston,&c
New Orleans
Mobile
Ba vannab.
Charrst'n.&c
1,484
10,740
402
215
28,242
32,603
All others
.
2,678
7,342
4,486
4,807
4,017
Norfolk
W't I'oint, &c
Blncc^ Hept. 1
1887.
2,927
2,127
191
1,310
2,051
8,608
Wilm'fjfu.iio
Tot.thisweck!
1888.
3,894
2,871
89
1886.
1885.
1884.
479
1,747
522
4,004
135
10,899
2,068
3,233
311
3,116
159
."iSt
1,561
3,850|
1,449
1,.509
598
100
347
325
3,717
917
1,002
755
18
380
302
5,528
6,995
5,117
4,002
13,077
39,150
54 17 ,170 5255.860 5135,C31 3078,348
Wttk Ending May
t".
•
ExyorttA
Great
GalTeeton
Orleans..
—
Continent.
Brit'n.
New
to
0,011'
fVom
3,
Sipt.
Norfolk
Now York
Other ports
114
578
94
1,648!
8,402
15,657
8,633
1.
18NB.
Total
Week.
Britain.
3,702
205.'3U
81.07H
9.241
18,2iK)
704.1) IS
t'. ,V.I1/
ai.gss
82,47(1
Bt~ansnrick
Cn&rlestoQ
44,IIO»
M.IS3
....
Wnmlngton...
Norfolk
West Point...
Nwpt Nws, Ac.
814
214
2,510
York
Boston
15.203
8,lt«
50
2.518
33.273
8.10»
Baltimore.
1,384
1,424
880
48«
40,943
22.5BT
New
Phlladelp'a.&i
Total
»r«*"l iQfl-.«q
0(1 n''«'
1.7»7
M.nn«
8,878
!
38,051
WO 80
78.082
217.401
22,n«5
150.002
12,881
43.1)5;
318,013
50.408
54,501
236.606
2.808
202.4fl
J23.7J5
2.SS0
Co.uio
1.372
37.19SI
«.:5'>i
12.006J
Total 1888.
Total 1887.
30.019
14.957
The speculation
1.000
3.304
10,793
0.340
3.405
15.021
0.901
216
I
8,423
l,m
4..V)0
12.H00
8,000
48,761
I
8,168
1,028
200,076
23.007
1
356.802
I
63,S!3
24,002
in cotton for future delivery at this
431,784
888Jt74
market
has been much interrupted during the week under review by
the Centennial festivities, the Exchange being closed on Tues-
day and Wednesday. On Saturday and Monday prices were
advancing in sympathy with Liverpool accounts, which caused
a demand to cover contracts.
A
feature of Monday's business
larger dealings in the next crop, and notably for January, at rather better prices than October options brought—
was the
feature which the Bulls were disposed to turn to account, as
having ^significance in view of the favorable prospects
for the next crop.
Yesterday a buoyant opening was
by feverish variableness, and finally some
decline tinder sales to rea'ize, the Bulls making little resistance
to a downward turn in values. December became prominent
followed
for dealings in the next crop.
To-day a decline in Livepoo
aud some improvement in the statistical position abroad caused
a further decline in this crop, and the next was -barely stead v;
but late in the day prices took a stronger turn on the Ix-tter
spot market, with reduced Southern stocks.
Cottf>n on the
spot advanced l-16c. on Saturday and again on Monday. TTiere
was some complaint of the scarcity of full lines of the better
grades. Yesterday there was a further advai.ce of l-16c. Today there was another advance of I-16c., middling uplands
closing at 11 3-16c., with a better business for export and
home
consuifiption.
total sales for forward delivery for the week are SSO.SOl
bales.
For immediate delivery the total sales foot up tliis week
2,856 bales, including 700 for export, 1,106 for consiuuption,
450 for speculation, and
in transit. Of the above 4.50 bales
were to arrive. The following are the official quotations for
each day of the past week Apr. 27 to May 3.
The
—
—
UPLANDS.
Ordinary
Strict Ordinary
Good Ordinarv
Strict Go<><I Ordinary
pSg
9Hi«
lO'ig loifl
lO'io lOOs
10i4,« lO's
illi a
11
I.owMidrtitnK
Low Middling
Good
Mlddiinif
Strict
Good Middling
ll^
11%
llio,.
GULP.
V
lb.
8>«
«•!•
»'*i«,
9
9*3
'
Good Middling
Strict Good Middling
1
1
»4
C3
ll'*i«
12
Jllddiing Fair
12
Tfc.
Oi.
911,,
II'm IPs
11"4
ll^a
Middling
Good Ordinary
sinct Good {irdinary
I
^
I
8>9
8?i
lb.
'
Low Middling
Hat,
,
c
M
11^
Mf 11'4
11».«
12>8
11*4
ilt^<i
'lli»„
12 .,
laV
Itrt.
B
8'i,
9%
OM
13 1«
.nwHiTavB Mvtf Vb.
lO'n
lO"*
811,,
,
lOli,, 11
1
,.
f*!.
OHjel
!
Middling
mr*.
1
JO
lOi.a
lO'M lOHi
12'ib 12>a
13ii. 13>a
STAISED.
111»,«
1-i^ ,
8«B
105.
1038
lois,. lO'g
Middlinif
Il"i«
12I\, 13
PWonlTBe. «*e#|
*«t.
Ordinary
Strict ordinary
Good Ordinary
Strict Good Ordinary
ll'.«
ill's
I12 ,g
12''8
.
Strict Low
.Mlddlinif
Il'o
11»4
llHi,
12is„
8-,,
10 1,,'lOik
10i»„Hl
I
12>,« 1214
Fair.
Low
S\
Si'i,
I
8%
8V«
8«*
Ib-I
m.
ljnoD!TBe*iWed Tk.
Nat.
^
Strict
2.
S
I
I
^
and future
deliveries each day during the
in the following statement.
For the convenience of the reader we also add a column wliich shows at a
Tlie total sales
week are indicated
glance
how
the market closed on same days.
gALEs or groT AKD TKAXfirr.
88.319
100.747
2«l.»i8
171.003
1104
333
SPOT MARKET
CL08E0.
.
',
I
tump.
190
208
Mon. Urm a
iig
adv.
400
....
4.wl
.Holiday..!.
Wed.'
.
Frl...'1'lnn
Total
»
®
!]«
>i6
adv.
adv.
riirBEs.
Sper. TranHt'l'lt'
Tues.'
Ihnr. Firm
ion yTM'J fHM Q-^
port.
Q't^flrmaiiiiadv
I7S.(1?1
49,801
Com-
Ex-
trim.
$11.
,
Sat.
'-05.S31
65,337 2.668.SU 375.440 1^14.701 'l.S38,M4
I
3,7W
|
2.«.7i;8
82.' 06
F.4^ •*7|t'W?r>'J4
1.100
1.400
102,877
MARKET AND SALES.
4(8.t<13 1307,7411
013,166
moor
2.871
1.100
1.400
4,5O0
None.
None.
400
,
220.KW|
11.642
5,352
25,740
000
10.463.
1
H.
TbM.
8(l.2i7j
JM).4«8
.....
400
4 72.8,970
Continent.
187
1.860
000
None.
Fair
4677,.'?5.)
2,593
None.
None.
None.
None.
6,200
20.2,^5
Exported to—
Great
Mobile
Bavannnh
None.
None.
None.
Nope.
None.
Middling Fair
for the week ending this evening reacli a total
of 65,337 bale.1, of which 40,943 were to Great Britain, 1,797
to France and 22,597 to the rest of the Continent. Below, are
the e.Tiiorts for the week, and since Sei)t. 1, 1888.
SxjMrtt
/romr—
2,064
None.
None.
None.
None.
None.
0.200
7,000
Ba vannab
Galveston
The exports
f/
12,000
MiddUnjT
:
JReeeipts at-
<«A«r
BrUain. JV«>IM. Fortigi>
1
418
ettmrtd-for
|
At—
8,
Total 1880
S04
418
882
350
50
654
56
294
252
82
Bninsw'h, &o.
Cliarloston
2,384
,
0(1 «A(p&«anf, tut
Hay
Yale
—c «.
i
/
Lambert, 24 Beaver Htreet.
.
SaK
at—
693
cm
Friday, P. M., May 8, 1880.
The Movement op the Crop, as iiidicnteil bv our tplofcnun*
from the .South to-niRht, i.s Kiveu Iwlow. For the weok ciKling
Uiis ovciu!iK the total receipts have reached 2t<,3-ia hales
afi^uiiist 30,20,") Iwiles liust week and 88,1)22 bales the
previous
week; making tlu" total receipts since the Ist of 8ept., 1888
Reeeiptt
a
»
.
].,!
l.c
HvUday.-i.
800
207
4»9
700
1,106;
...
I
....
450;
dally .lellvcrlea given above are sctaoUy delivered the
prcvloiw to tha: on which they arc reported.
The
dar
r
.
THE CHRONICLE.
594
The Sales and Prices of Futures
are shown by the follow
3
12.
25 g.8 25?§ o3.£g
O 2
Doo*
to
PtB'
CO
;£
CD
CB
p
0?
^80
s
as rr*-i^
£.?>>
;
e,
fl
^^
rD a
a
®
*
as made up by cable
as follows. The Continental stocks, as well as
those for Great Britain and the afloat are tliia week's returns,
and consequently all the European figures are brought down
to Thursday evening.
But to make the totals the complete
figures for to-night (May 3), we add the item of exports from
the United States, including in it the exports of Friday only.
1889.
1888.
1887.
1886.
Stock at Liverpool
bales
872,000 830,000 971,000 649,000
Stock at London
15,000
25,000
15,000
22,000
is
s
s
WW
a.
CO
cc
3oog
5200
§srB
p 5\^n
<1
mC-1
7!
rg-
I
>q
ffocog-
m ^, COB
S'M'oiS
AC-
1
I
life;
6o"
Total Great Britain stock.
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
at
Hamburg
at
Bremen
Amsterdam
at
at Rotterdam
at Antwerp
at Havre
at Mareeilles
at Barcelona
at Genoa
at Trieste
..
Total Continental stocks
'
l:
I
I
I
I
CItoo
99
coob
<
2
oooo
MMOM
oooc 0000
to
M
9
<
15
(»
i?
00
Om"2
obob
CO
9i.
o
cocoto^
HCCO
cco
00
"
®
CO
•.OMo;'^
IS:
Oco
Mo
O
MH-CI-'
.IM
'"t>.
2
5C0
®
-MIOM
=n^Co
CM°M
:om ^^
!<
2
o«
oco
2
I;
CO
oc
MM
M
B
CO X
:;!
IJ
2
99
coco
0009
66'^
c»
coco
5
60b
2
!
<«
CO
W
coco
tow
colo
MMO
oocce
66® CO
oc g
(ft-
2
"^
5
2
sir:
to
cococco
66*6
wio M
CO
tfk
to
COCO
5
60b
2
coco
ccob
2
fftfoCco
I
I
1ft.
00
**
to.
CB
"I
"^
1
='
•
99S9
MM^M
MM
00 5
b>.
2
"^
bJM
wco
'
e.i-';
MMO'M
5^
2
iJQW
cro
go n>
.
05
W
81
®
MMCOM
;
^5 coco 000c
ISti®M tiio^ii
OIC CO ow w
"3.
H'=K'^r5=±.SBBOc;JC
~~ F^ P 3 3 i? C rj
'.f
Eta
I..J
-< go
p 5»H 5
-!:?
:
01
M
(OM
P;
:
asres:
s S
a
cnOM
MfcO
tc-
^1
o
M-
aojMMcn;
CfcOCJlM*^.
>•:
oico
ft-
aM
OC
66
rOM
'
91
MCO
1
S
CJ1
cccncD
oso<i:dw<igd
a<p CO JO *^ CO
M
p
oro"co 't
CU'COCOQDGCMOCOCOGDC:«CSM^01X:COC;'
«W
MaMOs-qo5<iososc;icDc;rf^«<icooso)Cji
MIO
001:010
;
OSIOMtOCS
M OS 03 !© O O
® to to M to to CO
5
"
rf».IO<XlC;<
M <jc;»Mco
Pf^
COWO^IOSCi'
o-ifco-ioo:
MCO cocoes •^<
C6
rf*
Of'J-iM
CO
OOM
to
OS^MtOO?
tfk
t>-
The foUowing exchanges have been made during the week:
«04 pd. to exch. 500 .Tuly for Aug.
1 15 pd. to exch. 800 Dec for Aug.
12 pd. to exch. 200 May for Aug. 1-16 pd. to exch. 900 Dec. for Auk.
Wa pd. to exch. 300 May for June. '05 pd. to exch. 500 June for Jul v.
*>
MX
M
fcOO
Xtf»>OCJ"010SC0CDM0D
OSMOCDtO#^COC;»CDM
rf*-M
to
M M M CO
05
"Ifk
fcocnoif-toos^
M
01
MIOOSMMCOM
X
OS
"b
01
(OOSMMftOtOX
MCDC0MO>f>-O
X
X
CO
to
fe
M -4©OOtf*cnm
W
01
QOCOCOOICJOOOSH
MM®
h*h*
M
to
W CO
M X en to
CD to <I O 00
ocooxmocom
O'QO
toco
CO
w
CO
XJQO
MMw*
M
''C.<C>
-I<i0iorf>.xt0b5 0ico
M
'-'00
to
MtJI
Mc;ipcorf^cn#^rfi'
rf^io*»ai-qcooi-icDxxoi#'(^cotoo<yo
to
h-
^^^^^^^^
^
oi'co'btM'i^M'to
M
M
CO
M
to
CO
CO
CO
CO
M M CO
-^ ly
CO M
to to
COM<lr**XMM
tf*.
rf^
01
4
2.062
CJI
0» 01 CO
^<X
M
KiMMMO*
*
i
The
i*-
m3
M
05
MMWX
iW
i*
i"*
COCOCOOltOX*'
ill
CO
i*>-cs(^t^-rfi-cotoaMoxtooiMo;cO'^tf».os
i?
to*';
'to"l*-MCsVl'
-J CO
X' 01
p.
y-i.
M COX; 5"iOKijf^MC0M
OCDOlOfc: MbtccVjtqoowV
M CO to CD X'
5 en 0: » otocoxcocoenio
c*T
enuioco®. ox»f>-to.
1
100 Oct for July.
M
M
CS
*>
MCCCOXMXCJtXtOMtOtOrf^tCOltf'OlMCO
coooicnx#''-'^-gtotoxxi-'M<itoo»co
Mp
6]
M
"tOM'cDOt'cOCOMls'^CoVjoro'tOCo'H-'ro'ot'cO
Ol
1,870 1,356
M
p tO_;J to ^^P i^P Ot'p,*-',^!
tOCCMMXOStf^M
161,901
to
M
MOMOSOMOICOOCO
tOCOOff^OlXCOMCnC;'
to
CO
0301
jD OlJOp ** CO
CC
"to
M
I
|
c»
X
MMCooioofco-^O^JH'ccc;!
M
M
I
to exch.
00
:
MMOOM
Included in tlic above table, and shall continue each
"wSbk to give, the averaEO price of futures each day for each month. It
will be found under each day following the abbreviation " Aver." The
STB rage for each month for the week is also pven at bottom of table.
Transferable Orders— Saturday, lO'SSc; Monday, 10-95C.; Tuesday,
«.; Wednesday,
c: Thursday, 11 'OOc; Friday, 11 "OOc.
pd
rf^ bs'o^
2
'^
MMift-M
00
m6
*»> tf^
M osK M osfcc
en to CO GO *^ 000 <i OS OS co'b
10 U) Oi
rfi- to en
IJ
^p* We have
1 '03
:
M
-q
moiiOifk-giococox-q
ococ cooc
MM*M
WM
0005
O"
O
1
:
MtO
too M
Cl
tooico
4*MO;»(^iOM<io
Oit5lOOtOOOi<10SCOtO^<l
tOC3
CO 01 to
en 01
K> OS 00
* Includes sales In September, 1888, for September, 1 65,300 ; Septemft>«r-Ootober, for October, 394,100; September-November, for Novemiber, 585,500; SepUmber-Decerabcr, for December, 980,400; SeptemberJanuary, for Jauuary, 1,650,500; September-February, for February,
1381,300; September-Mareb, for March, 1,944,800.
(09 pd. to exch. 200 June for Aug.
<08 pd. to exch. 100 May tor June.
5 c P
cocooco
obob*ob
:
00
cot«
535,900
IJ
,
00
704,700
SB-^sa
c oc 0000
m' *6
<I
O
MM
ooco
MM^M
01
»W
634,700
2
^
8
M MM
:
MMCOM
646,000
So <
ooco
66*6
mC o
>f>~)
177,000
22,000
81,900
238,000
17,000
—
MMCOM
MM
MM
00 >; 00 ^
*^*^
MM
MW 2
.wo
195,000
15,000
118,700
326,000
50,000
pared with 1886.
At THE Interior Towns the movement that is the receipt"
for Ibe week, and since Sept. 1, the shipments for the week,
and the stocks tocnight, and the same items for the correspond
ing period of 1887-88--is set out in detail in the following
10 ic CC
ococ coco
00i*= 66*6
CT
00 00
229,000
25,000
118,700
188,000
74,000
2,196,913 2,320,913 2,432,138 2,420,487
S'.d.
5i'iid.
6'id.
ond.
lOiSjiC.
10c.
llioc.
^'•xtfiimports into Continental ports this week have been
CD^COM-vt<lW
»«:
201,000
15,000
116.000
300,000
14,000
Op
0505
MMinM
17,611
63,000 bales.
00
oco
coo
3,660
Total visible supply
Price Mid. Upl., Liverpool
Price Mid. Upl., New York
c9
Cot
mO
cocooco
13,955
1,550,913 1,686,213 1,747,438 1,884,587
l^r:
M
11,321
statement.
66*00
co6*co
329,900
The above figures indicate a decrease in the cotton in sight
to-night of 134,000 bales as compared with the same date of
1888, a decrease of 255,325 bales as compared with the corresponding date of 1887 and a decrease of 323,564 bales as com-
eir:
I
CO
00
MC
COCOCD
oao
—
Total East India, &c.Total American
:
cocooco
cocooco
COCD^CO
433,700
1,550,913 1,686,213 1,747,438 1,884,587
Egypt, Brazil, &c., afloat. -.-T.
1^* The
00
coco
QD-^
Total American
Easi Iinlluii, Brazil, ac.
Liverpool stock
London stock
Continental stocks
India aiioat for Euroije
a
Si."':
332,700
ITnited States exports to-day.
tCtv
I
CDCCgCD
CO
wio
a*.
I
ococ coco
06*6
o6°6
M w<i
CiO"
-JO..""
MM-^M
6co
ew;
^
CO6CO
c6'^6
304,000
t>.
coco
2
1^
MM<(M MM^IM
toto
toto
MM
00 5
66
woW2
t>.
:j
1,700
152,000
6,000
75,000
14,000
3,000
300
700
671,000
5,800
44,000
28.000
Total visible supply
2,196,913 2,320,913 2,452,138 2,420,487
Of the above, the totals of American and other descriptions are as follows
—
American
Liverpool stock
bales
671,000 601,000 776,000 472,000
Continental stocks
188,000 214,000 315,000 248,000
American afloat for Europe-.. 214,000 1!I7,000 172,000 288,000
United States stock
405,563 498,297 412,576 655,303
United States interior stocks..
61,029 161,961
68,202 203,673
i<
'^
400
1,200
268,000
3,000
50,000
8,000
11,000
986,000
4,000
51,200
31,000
Total European stocks.. .. 1,191,000 1,187,700 1,419,700 1,000,900
ludia cotton afloat tor Europe.
300,000
188,000 326,00d 238,000
Amer.cott'nafloat for Europe214,000 197,000 172,000 288,000
EKypt,Brazil,&c.,alltforE'r'pe
14,000
74,000
50,000
17,000
Stock iu United States ports
405,563 498,297 412,576 655,303
Stock in U. 8. interior towns..
61,029 161,961
68,202 203,673
United States exports to-day.
11,321
13,955
3,660
17,611
b»
B o9
w 2
O oc
0150;
MOIM
3 i
o 000
< w w*w
a
o
&.":
I
»
O-l
Hi
te.
15^
JMOM MMtoM
:o = co
5C_ 0D_
>.
t^
2
t>.
0000 MMCM
0000
M
t>
;tD
2
MMO^-
MM
99
WW
MM
? CO
tcoo
JM
?9
MQCH
MM
00
bCri
coC(ft
CO
CO
00
o
aC5_tO
<
2
ef=:
Mlf^M
l-'MOl-'
06^6
^C
300
185,000
3,000
66,000
6,000
7,000
855,000
3,000
44,700
17,000
.
2
'^
•i-iOo
COOi
oo
<
MCO
B ":
I
887,000
2,300
37,400
18,000
300
12,000
128,000
5,000
78,000
11,000
12,000
I
I
I
XLVm.
[Vol.
The Visible Supply of Cotton to-night,
and telegraph,
Jig comprehensive table:
s
:
figures for Louisville in both years are "net."
This year's figures estimate 1.
5
..
Mat
4,
THE CHRONICLK
1868.J
The nliovo totals show that the old interior stnckn have
decreagfit thiriiiK tho weok 10,198 bales, and are to-night I0(),082
bait's /<«< than at the Hiimo i>eriod last year.
The recoipts at
the same twwns have boon 1,202 bales lens than the siiine
week last year, and since Sent. 1 tho receipts at all the towiiM
are 102,l;i9 bales more than for the same time in 1887-W8.
195
Cdlurnbia, Teasa*.—The weather hnn been dry nit tho wosk
is needed, but not badly.
Com tliK-d w.ll nn.l cottno
beginning to como up. Tlie thermometer hn« nverai(i>d 7J
'
tho highoHt being 85 and the lowrat 69.
and rain
is
Brenham, Tejcas.—ThfTe has been one light nhower durins
the weok, the rainfall reaching eight(«n hundn-tltlis of so inct
Rain is needed. A good stand of com has bt*n secured, and
Quotations for Midduno Cotton at Other Markets.—
cotton is beginning to show above ground. Tlin UuTrnometer
In the table below we give-the closing quotations of middling
has averaged 68, rHnging from 49 t4i H7.
cotton at Southern and other principal cotton markets for each
Belton, Texas.— \A)^ht Hhowers have fallen on three days of
day of the past week:
the week, and they have been very beuelicial. The rainfall
reached twenty-eight hundredths of an inch. VAtm is all in
ClXtSinO QCOTATIOHS POR MIDDLIKO COTTOW OKWeek ending
the ground and cotton-planting progrewteo well.
The therifay
Stuur.
Hon.
Tut*.
momether has ranged from 50 to 89, averaging 70.
Wedna. Tkurt.
Fri.
Weatherford, Teuas.—T)io wejither has U-on dry all the week.
Galveston...
lO's
10<e,.
lO's
lO's
11
A g(XHl shower would be of benefit. <A)rn is all planted and
New Orleans 10",,
10»8
10%" 10%
lOOs
10\
101^
cotton-planting is now flnLshiug up. Average thermometer 70
Mobile
10>3
1008
I05e
lOXg
Savanniih ...
10l>8
10%
10«8
10>s
highest 98, lowest 48.
lOOn
Charleston.
10'8
lO's
10^8
10''8
lO's
Neiv Orleans, Louisiana.— It has rained on one day of the
10i«
\\ llcninKtou
lo^a
1013
10»a
10>a
week, tlie rainfall reaching forty-seven hundredtlis of an inch.
10U,„
Norfolk
10%
11
11
11
Boston
nail's ll»lli8
lligirU Ill9®l4 Ii'4ai38 Average thermometer 71.
Baltliriore...
11
11!%
1138
Shreveport, Louisiana.— Jt&infM for the week one inch and
PUiladeliiUla
11
11»8
IIU
11%
fortv-eight hundredths. Tho thermometer has averaged M,
AUKiista ...
10%
104i
10%
10%
10%
Meniplil.s ...
the
highest being 84 and the lowest 54.
109,8
10»,g
IQOs
10ii,g
10»8
10.l,g
lOVj
St. I.ouirt....
10»,g
lOiSs
10%
Columbus, Missis-timii.-Jt has rained on one day of the
10%
Cinetnuati ..
lO'e
lO'a
lO's
11
11
week, the rainfall reaching one inch and forty hundredths.
Louisville.
lO^e
lO'e
ib>8
ICs
lOTs
11
The thermometer has averaged 57, ranging from 44 to 72.
Leland, Mssissi i';i.— The week's rainfall has been one inch
Receipts from the Plantations.—The following table indicates the actual movement each week from the plantations- and thirty-one hundredths. The thermometer has ranged from
The figures do not include overland receipts nor Southern con- 46 to 88, averaging 64-7.
Oreenville, Mis.fi.fsippi. Telegram not received.
sumption: they are simply a statement of the weekly move,
Clarksdale, Mis.iisxipjn. Rain has fallen during the week
ment from the plantations of that part of the crop which finalto the extent of one inch and thirty-three hundredths. Thja
ly reaches the market through the outports.
has favored the growth of crops.
Vicksburg, Mississippi.
have had rain on two days of
WKk
HttHvU at Ou Port). it'k at Interior Toutm ilec'pU from Planfnt
the week, the rainfall reaching eighty hundredths of an inch.
EiMng1887.
1888.
1887.
1889.
1888.
l»-9.
1887.
1888.
1880.
The thermometer has averaged 72, ranging from 51 to 93.
Mar.89
Little Rock, Arkansas.
Rain has fallen on two days of the
8«.11A S:i3Be 8t.57.s N.1,16t^!w2.7S7 175,633
3,437 10.178 31.578
Apr. 5 ...
29 308 89 8113 46.500 132.220:449.5:) 148 217 18.360 26,3'13 10.084 week, but the weather is now clear and cool.
The rainfall
• 12
21,e2T Z^504 40,407 It9,046 2.i0.7H5 128,779
8,453 14,783 20.«e9
reached one inch .and four hundredths. Good stands of cot'•
IB ....
14.282 87,980 38,022 107,106 217.276 102.888
2.282
9.491 13,031
ton and corn are reported from all sections. The thermome" 28
15,141 30,««l S8.J05 96.981 199,870 81.000
5,016 13,235 14,407
ter has ranged from 50 to 81, averaging 61,
May 8
13.0^7 32,flOS 28,842 88.506 172,287 69,218
2,602
5,020 18.370
Helena, Arkan.'ias. It has rained on two days of the week,
The above statement shows: 1. That the total receipts from the rainfall reaching one inch and sixty-one hundredths. This
the plantations since September 1, 1888, are 5,471,013 bales; in has been of benefit, but the weather is rather cool. Average
thermometer 62, highest 80, lowest 46. Rainfall during April
1887-88 were 5,404,333 bales; in 1886-87 were 5,173,677 bales.
2.
That, although the receipts at the'outporte the past week three inches and ninety hundredths on two days.
Memphis, Tennessee. It has rained on three days but the
were 28,242 bales, the actual movement from plantations was
only 16,370 bales, the balance being taken from the stocks at weather is now clear and cool. The rainfall reached one inch
the interior towns. Last year the receipts from the plantations and twelve hundredths. The crop is developing promisingly.
for the same week were 5,020 bales and for 1887 they were Average thermometer 62, highest 76 and lowest 4^. It rained on
nine days in April, and the rainfall reached three inches and
2.602 bales.
forty -seven hundredths. The thermometer averaged 62, the
Amount of Cotton in Sight May 3.—In the table below highest being 83 and the lowest 41.
we give the receipts from plantations in another form, and add
Naslmlle, Ten/iessee.— Telegram not received.
to them the net overland movement to May 1, and also the
Mobile, Alabama. It has rained heavily on one day of the
takings by Southern spinners to the same date, so as to give week, the rainfall reaching one inch and thirty -six hundre<ltlis.
substantially the amount of cotton now in sight.
The crop is developing promisingly, but temperature has l>een
rather low. The thermometer has ranged from 53 to 83, aver1888-89. 1887-88. 1886-87. 1885-86.
aging 67. During the month of April the rainfall reached one
Recciptsat the ports to May 3. 5,417,170 .5,255,866 5,135,231 5,078,348 inch and sixty-five hundredths.
Interior stoeks on May 3 in'
Montgomery, Alabama.— The weather has been rather too
excess of Bepteuiber 1
53,843
3« 446 205,277 cool for young cotton. Light rain has fallen on two days to
148,457!
Balance of week
Tot. receipts from plautat'ns 5,471,013 5,404,32315,173,677 5,28.3,025 the extent of six hundredths of an inch.
Net overland to May 1
872,3271 895,530 750,799
742,113 clear. Average thermometer 64, highest 86, lowest 50.
Southern consumpt'n to May 1 406,000 377,000 331,000 279,000
Selma, Alalxtma. — Rain has fallen on one day of the week
extent of one inch and twenty-two hundredths. The
Total in sight May 3
6,749,340 6,676,853 6,255,476 6,304,738 to the
thermometer has averaged 64, the highest being 74 and the
Northern spinners' takings to
lowest 53.
May 3
1,660,867 1,592.487 1,443,216 1,590,987
Auburn, Alabama. The weather is too cool for rapid
growth of crops. The week's precipitation has been ninetyIt -will be seen by the above that the increase in amount in
sieht totour hundredths of an inch. Tne thermometer has averaged
night, as compared with last year, is 72,487 bales, the increase
as
compared with 1886-7 Is 493,884 bales and the increase over 1885-6 63-9, ranging from 50 to 77.
is 444,602 bales.
Madison, ilorida. There have been light rains during the
fifteen hundredths of an
Weather Reports by Telegraph.— Our advices from the week, and the precipitation reached
inch. The thermrmeter has range<l from 40 to 84, averaging W.
South to-night by telegraph are of a fairly favorable tenor.
Columbus, Oeorgia.— Rain has fallen on one day of the
The temperature has, however, been low for cotton at some week, to the extent of eleven hundredths of an inch. Average thermometer 66, liigheet 79 and lowest 55.
points, and in portions of Texas rain would be beneficial.
Savannah, Oeorgia.— It has rained on one day of the week,
Galveston, Texas.— The weather has been dry all the week.
the rainfall reaching ten hundredths of an inch. The therThe thermometer has averaged 69, the highest being 79 and mometer has averaged 68, the highest being 80 and the lowest
the lowest 59. During April the rainfall reached one inch and 68.
Aug^ista, Georgia.— The weather has been favorable, with
twenty-one hundredths.
The rainfall reached twenty hunlight rain on one day.
Palestine, Texas.—
have had fine showers on two days
Reports from the country are giKKl, cotdredtlis of an inch.
of the week, the rainfall reaching sixty -four hundredths of an
ton is coming up well, and go<xl stands have been obtained at
The thermometer baa
inch. Giood stands of corn have been secured, and cotton a number of jwints in this section.
planting is about finished. The thermometer has averaged 68, averaged 63, ranging from 45 to 86. Rainfall for the month
seventy-one
hundrccltlis.
and
rangmg from 52 to 84. April rainfall three inches and twelve of April was two inches
Charleitton, South Carolina.— We have had light niin on two
hundredtlis.
days of the week, the rainfall reaching four Uundn-ttlLs of an
Son Antonio, Texas.—There have been good showers on inch. The thermometer has averaged 66, the highe.-<t lK'iug80
tlu-ee days of the week.
Corn is growing and cotton coming and the lowest 52.
Stateburg, South Carolina.— It has rained on one day of
up well. The thermometer has ranged from 58 to 87, averagthe week, the rainfall reaching nine hundredths of an inch.
ing 72. The week's rainfall has been sixty-six hundredths
of The thermometer has averaged 64, ranging from 48 to 84. Duran inch, and during the month of April reached two inches ing the mimth of April the rainfall reached one inch and serea
and seventy -.si.x hundredths.
hundredths.
Himtsi'ille, TV.ca.s.—
have had dry weather all the weok.
Wilson, yorth Carolina.— Wc have had rain on three days
t,om IS growing fast, and cotton is coming up well. Average of the week, the rainfall re-iching one inch and fiftv-two hunthermometer 62, highest 74 and lowest 49.
Average thermometer 61, highest 82 and lowert 44.
dredtlis.
-.i.
.
im
im
im
.
—
—
—We
—
—
—
—
—
—
I
—
—
We
We
—- -
:
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3
o'clock May 2, 1889, and May 3, 1888.
Hay 2, '89. May i, '88.
:
1
Inch,
Feet.
Memphis
Above low-wat«r mark.
Above low-water mark.
Above low-water mark.
Above low-water mark.
Kashville
Shreveport
Vlcksburg
15
6
17
26
Inch.
Feet.
8
14
20
8
8
8
8
1
4
20
42
5
8
9
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 3.
BOMBAY KECEIPTS AND SHIPMENTS FOE FOUR TEARS.
SMpmentt
Shipments since Jan.
this week.
year, Oreat
OontlBrit'n. nent.
Oreal
Bfituin
Total.
Oontir
nenl.
Shipments for the week.
Continent.
1
Britain.]
This
Veek.
Since
Jan.
1.
876,000 66,000 1 ,215,000
514.000 56,000, 918,000
634.000 68,000 1,003.000
572,000;49,000l 877,000
18881 9,000 27,000 36,00011 31,000 383,000
1887| 14,000 40,000 54,000 197,000 437,000
188640,000 21,000 61,000^187,000 385,000|
Great
Receipts.
1.
J-Otal.
1889 15,000 56,000 71,000 256,000 620,000
Shipments
sitice
January
1.
Oreat
Britain.
Continent.
26,000
24,000
38,000
61,000
64,000
85,000
5,000
7,000
2,000
2,000
7,000
9,000
3,000
27,000
15,000
14,000
13,000
41,000
28,000
3,000
2,000
58,000
46,000
54,000
76,000
112,000
122,000
Total.
Total.
Calcutta —
1889
1888
1,000
1,000
2,000
Madras
1889
1888
1889
1888
3,000
all
1889
1888
3,000
1,000
1,000
EXPORTS TO EHKOPE FROM ALL INDIA.
1889.
Shipments
Europe
to all
from —
Bombay
|
AUotherports.
Total
I
This
week.
Since
Jan. 1.
This
week.
71,000
3,000
876.000
112,000
36,000
2,000
74,000
988.000' 38,000'
Since
Jan. 1.
May
1
3,000
2,713,000
To Liverpool
To Oontiuent
Total Europe
50,515
.287,774 1,197,568
40,406:
30,404
7o0,79»
895,530l
the courtesy of Mr. W. F. Switzler, Chief of the Bureau of
Statistics, we have received this week a statement showing the
exports of domestic cotton manufactures for March, and for
the nine months since July 1, 1888, with like figures for the
coirespohding periods of the jirevious year, and give them
:
(iuantities nf Manvfacturcs of Cotton {colored and uncolored)
636.00ol .lO.OOO
798.000
Central American States and
exported
1.
Month endina Mar.
—
Great Britain and Ireland
yards
Other countries In Europe. ...
British North Aiuericii
Mexico
1889.
to
—
31 9 mos. ending 3£ar.
1888.
452,147
152,0B«
8a.217
641,138
1,286,115
West
British Honduras
Indies
427.430
978,160
604.864
1,320,407
Argentine Republic
288 .bOO
Brazil
012.873
118.009
184,535
445,8K5
805.705
50y,o39
3,910,550
United StHtes of Colombia...
Other countries in S. America
China
Other Cdunirles in Asia and
Oceanica
Africa
Other countries
I.'Mfl.flll
2,028,800
638,401
39,«W2
52,978
3U
1887-8.
189.372
70.083
78.831i
1,301.746
75.38
£68.632
8.135,465
7.809,044
I,11H,493
679,793
7,5i4,43I
6,221,029
8.165,221
2.510,965
5.066.411
8,466,6842,803,84ft-
792,07812,077,190
5,615.15a
1-3,9T3.759
15.938.402
15,018,320
5,12d.47&
4,698,793
3,763.00«
21.372.449
37,202,25*
6.383.185
3.504.678
6,341,850
4,472,260
2,789,4,33
6,593,56*
4,262,475.
87,892,856 180,223,03a.
1886-87.
Total values of above.
Value per yard
6,000
2,861,000
1,000
2,853,000
This
Since
week. Sept. l.|
1
This
Since
ivsek.
Sept. 1.
1
1
1,000 217,000
2,000 141,000
2,000 234,000
1,000|14.0,000|
1,000 247,000
1.000 141,000
3,000358,000
3,000 379,000!
2,000 388,000
^
3,000 bales.
Manchester Market.— Our report received by cable to-night
from Manchester states that the market continues firm for
yarns and sheetings, but that the demand for both home trade
and the foreign markets is poor. We give the prices for to-day
below, and leave those for previous weeks of this and last year
1582,550
$-0718
Values of other Manufactures of
Cotton exported to
Sreat Britain aad Ireland
—
Oermany
*7-.!6,879 ,.16,252,294
t
t
84.460
43.400
1.188
1.469
757
46.025
13,303
1,508
730
b'rance
—
North America
Mexico
Americaa States & British
Honduras
West Indies
United States of Colombia
Other countries in So. America
Asia and Oceanica
Central
Africa
Other countries
Total value of other
tures of
16.519
So.444
84,936
2,861
9,005
5.675
6.712
20.4i6
4,593
7,359
1,835
6,Hti4
80,156
2.655
4,187
692
18.493
JS,69S,67r
t-0711
1-0660'
*
853,117
17,470
16.503
27.950
$
866.17»
14.969
2.32.203
249.081
ioe,si»
»-068:
8.89823.069-
157,935
57,813
44,614
77.595
46.236
74,397
233,351
7,774
18.359
58,76*
80,428
62.094
196,470
4.801
40,7ir
manufac
100,906
Aggregate value of all cotton goods
7.'2.18'.
170,006
895.8«5
1,300.699
7.558.803
l,Z44,6ia
0,848,28*
CiROss Receipts of Cotton at
Boston, Philadelphia and Baltimore for the past
week, and since September 1, 1888.
The Following are the
New York,
:
1889.
Twist.
!s.
d.
New Yokk.
1888.
Ootl'n
8I4 lbs.
Slurtings.
32* Cop.
d.
1
166, ,571
128,721
89,18S
5,404 ,182 5,232,807 5,124,969
313, 487
264,745 195,118
634,000
164,000
Since
This statement shows that the receipts for the week ending
May 1 were 3,000 cantars and the shipments to all Em-ope
for comparison
1,398 ,815
28;,777
872,,327
Port receipts in 8 months
British
1
1886-87.
66,246
1
Exports in April
Eiports in 8 months
4,336, 595 4,062,533 4,134,422
Port stocks on April 30
424, 32;
523,785 423,717
Northern spinners' takings to May 1
1,649, 549 1,581,265 1,438,191
Southern spinners' takings to May 1
406 ,000 377,000 331,O0(V
Overland to Canada for 8 months (included in net overland)
40,763
35,789
35,204
Burnt North and South in 8 months
5,592
7,759
18,31&
Stock at No, th'n interior markets May 1
9,582
3,199
7,254
Came in sight during April
129,666 125,127
98,590
Amount of crop in sight Mav 1
6,744,209 6,671,337 6,254,788
Average weight of bales
496-21
485'12
487-54
Other countries In Europe
Exports (bales)—
83
bales.
54,000,
5,000,
514,000
122,000
18S7-88.
1
1887-58
1888-39.
Gross overland for April
Gross overland for 8 months
Net overland for April
Net overhand for 8 months
Port receipts in April
Total yards of above..
1888-39.
This
Since
week. Sept. 1.
to
Jan.
Alexandria, Egypt,
Eeceipts (cantars*)
This week
Since Sept. 1.
.
This
week.
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and sliipments for the past week and for the
corresponding week of the previous two years.
1.
XLVIII.
Prices are nominal at 2(g3i^o. for paper grades
and 3i^@3%c. for bagging quality, but an offer of a shade less
would buy.
Cotton Consumption and Overland Movement to May 1
In consequence of the crowded condition of our columns
this week, we omit giving the usual extensive details of the
overland movement. Below, however, we present a synopsis
for the month of April and for the eight months of the season
1887.
—
May
[Vol.
buyers' favor.
below
1888.
Alexandria Receipts and Shipments. Through arrangements we have made with Messrs. Davies, Benachi & Co., of
cl.
.
Domestic Exports op Cotton Manufactures.— Through
All others
Total
—
:
THE CHRONICLE.
596
I
.
.
8.
Mr.29 7i5ja387,e6 1 87
Apr. 5 7i5i8«8T,e6 1 a7
•' 12
8116^89,8 ,6 3 ®7
" 19 8',8®8''ib6 4
" 26 7% a8i3 ,6 11-3 17
May 3 8 ItS'a 6 lig 7
m
a.
32* Cop.
8'.i ll>9.
Iwist.
Shirtings.
d.
d.
8.
5>h6 7i>i6«8!l6 5
5%
7<ll8a8i,8
5
5
513,8
6
7918383,6 5
7=i,8«8">,« 5
6
41.2
2
2
Mid.
lipids
d.
1^2
1^2
312
Ootl'n
1
G\n 711,f®8i4
'5
d.
8.
®7
-87
7 ®7
7 ®7
7 -87
7%«7
d.
Mid.
Vplds
d.
V
5:t8
7
5°18
R»,"
5^16
1
Reeeivti
from—
N. Orleans.
5,908
Tezag
Savannah
8.857
.
Since
Sept.l.
PHILADKLPH'A BALTIMOBE.^
This
week.
2S8.946
358,484
358,166
I
Since
Sepf.l.
This
week
10,823
Sept.l.
1,060
32,792
Florida.,
So. Carol's.
No.Carol'a
Virginia. .,
Sortbn pts
renn.,&c..
Jute Butts, Bagging, &c.— The demand for baggmg has
heen of a jobbing character, but though the orders are small
in the aggregate, considerable stock has been placed. Prices
are about steady with sellers quoting 8^ 10c. as to quality.
There is not much call for jute butts, and the market is in
3,307
Boston.
This
week.
Uoblle..
57,8
Eeceipts .are ab ut the same as at this time last yenr, and the arrivals
from the Birar and Khandeish districts still continue large, but, as
might be expected from the (luantities already received from those district;', the aiTival^ in the up couutry markets show signs of falling oft".
Bengals are in large sunply, but the stocks here are hot excessive, and
the demand for this description from the Continent still keeps up. The
ariivala censist chiefly of "fully good" and "barely flue," "good"
being ecaroe and comparatively dear. Dholieras are not coming to
market as free y as was cxiiecti d, and are being taken up 10 a large
©stent by the loc.il mills. The quality shows no sign of falling off, and
IS, it anything, improving.
Since
week. Sept.l.
5%
East India Crop. —From the Bombay Company's (Limited
cotton report, dated March 39, we have the following
TMt
1,390
150,514
580
128,185
872
43,
63
6,255
£67,
8,262
128,481
1.851
91,
74
6,579
40.936
E'orelKD...
1,102
572
47,726
2,51*
146,468
2,070
64,446
4,429
275,892-
600
This year
18,326 1,468,035
8,«78
459,202
1,974
09,8821
rear.
11,683 1,313.619
8,065
473,234
2,122
80,001
i.ast
1,209
211.111
'
News.—The
exports of cotton from the United
States the past week, as per latest mail returns, have reached
Shipping
68,105 bales.
Total balet.
Nb-w
YORK—To
Llvarpool, per steamers Aleatla, 1.111
City
of Chicago (adOitional), 2.700... Bothnia (aiUlltionall, 881
....City of New York, l,,577....Egvpt, ],925....Ktrnria, 8
Gcinianic, 2,182. ...Italy, 610....Mczart, 2,124
AVisconsin, 1,024
To Ilnll, per sti iimer MartcUo, 1,061
To Havre, per steamer La liretagne, 1,797
To Bremen, i)er8teamcis Ems, 505
14,142
1,061
1,79T
605-
:
May
To
4,
.
.
THE CHRONICLE
18S9.J
n«iiibiirit. per
KiiKlii, 65o
stonmora
C.'iilifnnila,
Taoriulnn.
m€U batf.
807
Ilbatla, l,eiO
„
,'i\'i
1
To Aiii.Hienlani, i>cr atciuinr 1'. <':iliiiicl, 125
,.
To Aiitnorp, per Hirimicr Pennland. 260
To Copciiliaxeii. i>er dtonmers Islnml, 18
TlilnKvalla, 800.
To lUiTcloiiH. per h tea HUT HaUluiiK ro iKteHiuN, luo
UEW Oklkanh— To Llverjiool, per ateaiiiois AiutiuliaD, 3,834
Author, l.SOO
l'rofc8for,
4,475
J25
250
818
lOO
2,012
Bal., Apr. 37.
Mh., A»r.
1
TaM^
-jg.
A»r. 3«.
Dgg
4,780
Ilelliavcii. .'J.OIJU
011
The opening, highest, lowcat and cloAing prirMot fntonaa*
Lirerpool for each day are given below. PricM are oo the
baria of Uplands, Low Middling cUtiae, nnlm otberwiaa lUtcd.
CT" JM priett art givtn <n mim mud 9*tU lAutt "
6 ••
6S -b^b
wumB
t)3 04d., and 6 01 auaiu 6 l-MdT
8,016
To Ilninliur);, perateniner Puerto Kiiiuono, 089
To (jenoa, per steamer Aunio. 4.7bO
Wist Point— To Liverpool, per steamers Albaiij, 5,871... Bur-
697
10,937
5,908
NKWPonT Nkwr— To
Liverpool, per steamer Bellena, 5,908
Boston— To Liverpool, per steamers Kausas, 2,755
Scytblu,
Venetian. 1,617
1,844
To Variiioiitli, per steamer Yaimoutb, 100
To Halifax, jier steamer Worcester, 50
Baltimori!— To Llvcriwol, per steamers Nessmore. 3,353
Oramnoi'e, 1,168
To Ifiemeu, per steamer Uhein, 1,275
PHUjiDKLPHiA— To Liverpool, per steamers Brltlib Prluee,
1,21U... Lord Oough, 704
6,216
'lOO
50
4, .521
1,275
2,010
"oy.ros
Total
OpMH<flk|l«w.
4.
4.
a^
0pm
4.
±
4.
03 603 60S
608 608 608
Kay-June.. «03 6 0S 608
Jnne-July..
03 603 nos
Jnly-AUK... OOS 608 603
AUK.-Sept.. S68 sea 6 69
September Be) B6S 5 6S
Bept.-Oot... S44 B4S 6 44
Oct.-NoT. .. &8S 6C9 B3a
4.
ClOB.
4.
4.
• 07
607
607
607
606
60*
60*
5 46 5 47 6 46 547
530 5S7 586 687
5 62
B6t
B45
5 35
0»MI Bit. VOW. Oba.
4.
6C6 607 606
606 607 6 06
8 06 607 006
606 607 6 06
606 606 6 03
6 01 60* 6 01
6 01 608 6 01
608
608
608
608
608
April
April-May..
BitH tM>.
4.
4.
4.
607 • 07 • 07
«
• or
•
607 • 07 • 07
•ot
• 06 • 08 • 08
60* • 0* 801
60* • 0*
5 47 5 47 • 47
• 08
6 07 • 07 •
n
•
6M
M
«
•
• 47
87
587 537 • 87
The
particulars of these shipments, arranged in our usual
form, are as followa :
Amt'm, Bar-
Srem.d
Liter-
JJ.
Orleans
Bull.
Ham.
14,142 1,061
S,046
1,797
pool.
Uew York..
.
West Point.
10,!i:i7
Nws
r),'J03
N-wp't
Boston
A'lic'j)
Bam-
tona
100
1,193
989
......
4,780
13 815
10
Total
(i,:iGO
1,275
5,796
2,010
2,010
Plill'deliib'a
1137
.>i,!)08
150
4,5'.'l
.
2:1273
51,780 1,001
7,241
1,797
1,193
150 68,105
4,880
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the
d.
d.
May
610 611
May-Jana.. 6 10 611
J«ne-July..
10
Jnly-AuK... 610
AUB.-Sept.. 606
Beptember
606
Sept.-Oct .. 6S0
OOt.-NOT... &40
NoT.-Dec... 8 87
6 11
1.
4.
610
610
810
610
606
6C6
BSO
611
611
611
610
606
606
660
S40 5 40
637 537
3.
FrI..
May
Op«n BIfk Low. Oot. Opait 0t«k
OIos.
4.
Than., May
j
4.
4.
4.
4.
6 10
619 613 618
618 6 13 613
6 IS 6 13 613
6 12 6 13 613
{608 60S 606
;608 608 608
jBBS B8S 5 53
543 643 548
B3« 689 S8S
606
606
BSO
540
537
4.
618
618
61S|
618
608
608
658
610
Olsa.
4.
• 10 6
3.
4.
4.
13
• 10
a 11
610
610
610
606
6 43
• 10 611
• 10 6 10
606 •
• OS • 00 • 06
BSO 6 61 600
5 40 641 S40
589
S87 638 587
W
• I*
6 11
• 11
610
• 08
• •8
BSl
»U
>8S
1
latest dates
Nkw
Orleans—To Liverpool— Apr. 26— per steamer Emlllano, 3,793
Apr. 27— per steamer Mariner, 1,803
Apr. 29— per steamer
Bnenaveutnrji,
,
To Bremen— Apr. 26— per steamer City of Lincoln, 4,344.
To Hamljurt'— Apr. 26- per steamer City of Lincoln. 1,803.
Charleston— To St, Peterslmrg -Apr. 26- per bark Superior, 1,615.
To Baioelona— Apr. 26— per bark Maria, 1,990
Apr. 27— per brig
Enriqucta. 516
Apr. 29— per bns Pedro Maiistany,
KORFOLK— To Llveriiool— Apr. 26- per steamer Siiilia, 214.
Newpoet Niiws— To Liverpool— Apr. 26 -per steamer Sicllia,
.
Boston— To Liverpool-Apr. 23-per steamer Virginian, 1,886
Apr.
26-pcr .steamer Pavonia,
Apr. 29- per steamers Bulgarian,
MuhiKiin,
.
Baltijiohk— To Livei-pool— Apr. i9— per steamer Mentmore, — -.
To Bremen- Apr. 26— per steamer Wilkommen,
Philadelphia— To Liverpool-Apr. 29— per steamer British King,
.
To Antwerp— .'Vpr. 26 -per steamer Switzerland, 486.
Cotton freights the past week have been as follows :
—
.
—
;
.
Satur.
Uverpool, steam d.
DovlaGl'sg'w.d.
Havre, steam
e.
Do
sail
Do
Jfon.
Tua.
Wednet.
Thun.
Fri.
"33
13,,
%
"38
c.
Bremen, steam
'^18
c.
ISjj-ijTjg
TlaLelthd.
Hamburg,
,
.
H
38
42Ja*
42
>B
V
....
....
42
V
42
""4
H
Barcelona,steam d.
Qenoa, steam .. .d.
Trieste, steam.. .d.
»16
»i«
°18
U
•I'a
'4
'4
*4
Per
was steadier.
The wheat market showed some strength early in the week;
but on the re-opening of business yesterday morning prices
gave way under a free selling movement at the West. As
prices declined business became very active, but the downward tendency was not checked. Wheat on the spot was
erally
taken yesterday to the extent
mostly No. 2 red winter at
there was some recovery, but
within narrow limits.
DAILT CliOBINO PBIOU Or
'
>•!
d.
July delivery
December dtliveri
ing statement of the week's
sales, stocks,
Apr.l2.
week
bales
Of which ejcjiorters took..
Of which speculators took.
Bales American
Bales of the
Aotnal export
..,.......,,
Forwanlea
Total stock— Estimated
Of which American— EsUm'd
Total Import of the week
Of which American
meant ahoat
Of which American
&c. at that port.
Apr. 19.
85,000
4,000
6,000
65,000
11,000
81,000
871,000
691.000
102,000
97,000
175,000
59.000
follow-
58,000
8,000
8,000
37,000
7,000
65,000
864,000
693,000
65,000
60,000
177.000
50.000
May 3
Apr. 20.
63,000
2,000
8,000
50,000
9,000
70.000
872,000
30,000
2,000
2,000
23,000
12,000
53,000
889,000
692,000
90,000
4 9, 000
176,000
57.0OC
67 1 ,000
j
I
62,000
37,000
160,000
58.000
The tone of the Liverpool market for spots and futures each
day of the week ending May 3, and the daily closing prices
of spot cotton, have been as follows
:
Bpot.
Market,
12:30 P.K
SaUtrday Monday. Tuetday.
>
Qalet.
.
\
Mld.Upl'da.
6
Fair
bnslneBB
dolDK.
Wednet. Thund'y.
Friday.
May
delivery
June delivery
July delivery
August delivery
September delivery
Staady.
O'ls
6>i6
12,000
1,000
8.000
1,000
12,000
Bt«sdy.
Bt«ady.
Active.
In buyera'
lavur.
Futuret.
500
1.500
Steady al steady
Market, }
2:30 F.M.^
P.M.
7,000
6Sl8
GSi«
15,000
l.OOO
10.000
1,500
partially
1-IJ4
'
I
S
aav.
Firm.
at
l-ftli82.64
ad ranee.
steady
Steady.
Finn.
steady.
at
Kasy at
l!-«t
advance.
Qnlet and
steady.
de-
ollne.
Steady.
835a
84^8
84''^
85''8
RED WntTER WHEAT.
Wed.
TAun.
Tu€t.
82it
n
83%
Frt.
83
84
8S>a
85''8
86
843^
84>9
86=%
89'*
86>4
85
85%
89
87»8
89
86
85
o.
c.
c.
c.
Mon.
Sat.
41>-j
41'a
41'8
42>4
41%
Tuei.
Wed.
Tkurt.
a
a
o
41%
41%
IW.
42»4
4318
42
41',
42'4
•>)
nominal.
DAILT CLOSniO PRI0B8 OF RO. 2 lOXXD OAT*.
Wed. TAurt.
Xon. Tuet.
8aL
88%
o. 28
2|
May delivery
g_s
^^
2>1
Sf,
c.
28^
June dellvefy
§=
^^J
July delivery
o.
The following are the
29%
2Shi
T"
^r
r
closing quotations
29%
.
...
»00»6
2
Southern supers
Wheat—
65
10
40
00
65
00
25
,
75»3I5'
c.
c,
tlour, superflue..
Vine
Corn mealWestern, Ao
Brandywlne
GSAnrVft—
100
Weatem
78
V be.
02
State and Jersey ..
87
Oata-Muod
85
84
Red winter No. 2
White
90
77
Red winter
Ko. 2iiilxea
90
80
White
2 white
45
Ko.
42
»
Coru-Wost'nmixetl.
West'u mixed No.2. 43>4» 44% Barley —Canada No. 1
Canada
No. 2
•
43%
42%
2
BteaiucrNo.
Two-rowed State ..
43 « 46
Western yellow
Six-rowed
State ...
47
•
44
Western white
per bush.
SprlnKSo. 2
—
Boatboru white....
— •
25»
3 75
i??2
5S
Southern com. extras. B3
Southern bakers' and
family brands.
Bye
I
IW.
28%
2|%
ZflT,
:
rixicR.
...W bbl. >2 20»$2
Fine
2 45» 3
...
Superfine""
extras. 2 8.5« 3
whe'at
Sprinx
Minn, clear and slrat. 3 75» S
Wintcrshlpp'^extras. 3 00» 3
WintcrXjtaudXXX. 3 75 » 5
Bprlnir,
Bales
Bpeo. & exp.
HO. 2
S3%
42%
a.
p.
43%
43%
43 >i
»
•<
44
44%
c
41
....
Oats have been drooping and unsettled, but yesterday an
active demand caused a partial recovery from the lowest
To-day the market was buoyant, with a brisk specfigures.
Rye is quiet and
ulation, and the regular trade fairly active.
PatenU
Kully
maint'ned
the improvement kept exports
The pressure to sell Indian corn was very great early in the
week, and prices for future delivery fell to the lowest figures
recorded in a long time; and yesterday No. 2 mixed on the
spot wunt as low as 42c. in elevator, but there was some
recovery. To-day there was a decided and general advance.
DAILT OLOSIMO PRICES OF HO. 2 lUXXD OORH.
1(1P lbs.
Liverpool.— By cable from Liverpool we have the
Market,
c.
o.
c.
c.
c.
c.
of 184,000 bushels for export,
84?s(a85c., delivered. To-day
Hon.
Bat.
August delivery
September delivery
.*..
•
not very freely offered. Stocks of all grades are still in excess
of last year, but arrivals are small. To-day the market gen-
V
H
Antwerp, steam
flour
June delivery
....
sail
Fridat. p. M., Hay 3, 1889.
market was dull and unsettled and yesterday the
high grades were in full supply and weak. Medium grades
at slight concessions were taken more freely for the West
Indies. Low grades met with some export demand and were
The
%
d.
Do
BREADSTUFF S.
Mayddirery
steam.e.
Do via London. (f.
Amat'd'm steam c.
Do via London.^.
Beval, steam
d.
4
May
Ovtn^HUh Low.
<t Coand
ana
burp, ptnh'n. Gtn'a. Batitaz. Total
4,980
0,210
Baltimore.
Wednea.,
T'm'lh
|*5*3S?
2 60» 2 75
«».-»-.
ae5»a.5
2
c.
—
83S—
•
e.
S3
•
55
58
34
72
65
65
oa
•
•
•
•
•
75
70
ao
29%* 31%
33 • S»
29% • 30%
35
69
70
..
M
.
.,
THE CHRONICLE.
598
The movement of breadstuffs to market is indicated in the
statement below, prepared by us from the figures of the New
Torlj Produce Exchange. We first give the receipts at Westem lake and river ports, arranged so as to present the comparative movement for the week ending April 27, 1889.
XLvm.
[Vou
moderate request by package
movement in both soft wool
hands of agents and jobbers.
gans and fancy knit woolens
season, and there was a light
buyers, and there was a fair
and worsted makes from the
FaH
hosiery, underwear, cardiin better demand for next
business in staple flannels and
were
blankets.
Beceipis
at—
FUmr.
Com.
Wheat.
Oat:
Barlty.
Bve
1
Bl>».l 96!l» Biwh.60 Ibt, Burt.56 U>. Btuh.S2lb.i Bvuh.iHU,
»u. 66
11)
1
97,516
65.819
64.613
89,0-8
Chics (to
Milwaukee...
Duluth
981.500
3.920
670,251
100,605
58,000
44,225
27,609
3.240
10,812
24.262
3.100
B,2i5
7,855
66,037|
Toledo
2.242
621.045
13.453
Detroit..
.
2,355
25,761
..
7,145
28.987
112.898
23,027
11,968
18,445
41.399
9,000
140 200
Minneapolis.
.
Oleveland.
8t. IiOUiB
Peoria
1,350
l.'>8,450
27.118'
132,250
846,000
Domestic Cotton Goods.— I'he exports of cotton goods
from this port for the week ending April 30 were 816 packages, valued at $49,217, their destination being to the points
specified in the table below.
New York
1889.
Week. Since Jan. 1
6,000
13,200
16
3,850
11,550
Great Britain...
Other European
China
211
24
3,313
lOO
16,422
2,494
2,109
1,589
5,563
1,308
1,716
13,185
1,158
Tot.wi.
les.ote
234.883
160.39B
'89.
Since Aug.
1888-9
1887-8
1886-7
958.^17
1.425 963
1.268.483
l.91(),183
1.473,209
1.8r.8,155
1,894, 90l!
547010
1,102,514
192.337
186.023
193.913
51.490
Arabia
50.30«
32,125
Africa
West Indies
1.
'/
79.315.290
90.933,316
66,058.874
8.333.329
02.859.915
73.100,611
69,443,152
62,788,453
66.795,999
51.945,904
23.791.556
21,736,500
20,407,09S
4.324.1'.9
1,715.682
WxporU
JTewTork
Boston. .Portland.
Hontreal.
Wheat.
Com.
BUMh.
190,809
5,250
Buth.
388,408
119.363
OaU.
Bve.
Buth.
72.038
Buth.
378
[42,734
300
Flour.
Bbla.
Buth.
12,300
165', 130
14',5'7'8
131,221
425.185
86,400
34,255
^2 J
25
217,513 1,342,056
164,336
678
75,035
370.072
268,413
2,948
18,729
2i',388
N.Orl'ns.
N. News
..'."
Hlohm'd
w'k.
B'metline
1888. ..
185,222
The visible supply of
grain, comprisiog the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by water, April 37, 1889:
ttore
Do
at—
afloat.
Wheat,
tnuh.
Com,
buth.
buth.
5,539,230
8,000
284,541
387,455
Albany
500
Buffalo
2.131,447
104,000
4,138,177
Do
afloat....
Chicago
Do
Toledo
Louis
594
2.282,.'>71
1,06.'»,122
1.125,299
205,215
288.700
69.841
30,000
2,395,208
93,116
14,000
119,862
1,651,593
afloat
Cincinnati
.
.
Boston
Toronto
Montreal
,
Pliiladelphia
Peoria..
Indianapolis
Kansas City
....
Baltimore
Minneapolis
St. Paul
On Mississippi...
On lakes
Tot.
Tot.
Tot.
Tot.
Tjt.
05
500,!
DeUoit
Oswego
St.
34,000
'sgieo'd
644,197
7,869
500,000
3,990,e03 4 ,285,8i3
Rye,
buth.
Barley,
buth.
96,303
4,000
35,000
95,389
8,000
815,517
15,375
'l2i60b
102,135
"o'7V5'37
afloat
Milwaukee
Duluth
K Do
Oatt,
75,000
3.216
138,254
460.:- 85
169.678
125,887
113.832
112,177
685,092
5,935,099
280,000
296,6"5'2
Apr. 27, '89. 26.042,209
Apr. 20, '89. 20.989.678
Apr. 28, '88. 3J.473.243
Apr. 30, '87. 47.172,611
May !, '86. 43.248,717
14.124
42,320
45,521
21,295
174,610
251,457
'36,6'9"i
"o'siob'd
71,783
8,671
3,758
132,517
327,027
2,500
29,000
178,897
10,309
71.316
78.581
422,555
20,632
188,510
52,194
135,628
4'ie.i29'
84,9i'5"
2,002,910
334,442
'ss.i'i'i
26.289
10.521
1,284
87,411
4,065
7,878
10,768
119
104
22
South America. ..
Other countries
.
Total
China, via Vancouver
4,.553
32
297
25
82
490
23
2,118
5,502
1,808
1,423
9,967
933
Total.
70,730
3,950
170,000
71.095
38,000
31,939
146.201
^ 60.751
49,473
25,990
,135
53,349
15,705
846
75,463
2,135
6J,054
direct.
The values of the N. Y. exports since January 1 have been
12,813,761 in 1889, against |3,234,580 in 1838.
Brown and bleachsd cottons were in steady but moderate
demand at first hands, and leading makes continue in strictly
moderate supply and steady in price. Wide sheetings, corset
jeans and satteens were in light demand and steady, and a fair
business in cotton flannels was reported in some quarters.
Colored cottons ruled quiet, and it is a buyer's market for
some descriptions. Print cloths were in light demand and
closed firm on the basis of 3^c. plus 1 per cent to 3 13 16c. for
64x648 and 3%c. for 56x60s.
1889.
1888.
1886.
1837.
April 21. April 28. AprilZO
May 1.
Stock of Print Ototht—
Held by Providence manuTrers. 46,000
30,000
85,000
99,000
10.000
Fall River mauiifacturers
35,000 185,030
42,000
Providence speculators
None.
None.
47,000 235,000
3,000
Outside speculators (est)
6,000
60,000
15,000
59,000
Total stock (pieces)
hand-to-mouth character.
391,000
Staple imported fabrics are genfancy goods of
erally steady in price, as are really desirable
moat descriptions.
Iiuportatloua of Dry Goods.
of dry goods at this port for the week
The importations
ending April 35, 1889, and since Jan. 1, and the same facts
for the corresponding periods of last year are as follows:
3
S
'sg'.if's'o
O 9
2:
4,699
1:
H
w
o
CD
oco
854,968
939,460
o»
M
i-i
ti
w
00
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474,271
69 4,335
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The observance
:
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THE DRY GOODS TRADE.
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NEW York. Friday P. M., May 3, 1889.
of Centennial ceremonies this week was
practically a barrier to business on Monday, Tuesday and
Wednesday, and while there was a large force of tut-of-town
jobbers and retailers in the market during the remainder of
the week, the volume of transactions was only moderate.
The demand at first hands was chiefly for small re-assortmtnts
of sea8oni»ble goods, but some very ftdr orders for fall and
winter fabrics were occasionally placed for later delivery.
The j 'bbing trade opened very quiet and so continued until
Thursday, since which time a pioderately good distribution
of staple and department goods has been made, in response to
the demands of the numerous visiting buyers attrac'ed hence
by the Centennial celebration. The tone of the general
market was firm and print cloths have again develops and
upward tendency at the chief manufacturing centres.
Domestic Woolen GtOOds. M^n's-wear woolens were exceedingly quiet in movemett and demand in the fore part of
the week, but very fair shipments of heavy fancy and piece
dyed worsted suitings and trouserings, fancy cassimeres,
overcoatings, &c., were made the past few days on account
of former transactions. Heavy satinets were in meagre de
mand, and prices are so low that the expediency of largely
curtailing production for a time is under consideration by
manufacturers. Clo kings were lightly dealt in by the manufacturing trade, and the demand for sto( kinets and Jetgey
cloths wae spasmodic and irrrgular. Dress poods wer/e in
377,000
71,000
Foreign Dry Goods have shown a moderate degree of
animation the past few days, but there was a good deal of
irregularity in the demand, and selections were chiefly of a
:
12.520.190 0.700.499 1,462,226
14,914,963 6.709,297 1,404.850
8.530,3113,738,894 305,856
18.647,022 4,3,2,596 329,580
11,798,424 1,614,904 396,390
1,319
22,008
2,877
846
From New England mill points
Fecu.
62;7¥9
1.6,349
PUladel.
In
48
1.
841
55
31
600
500
1.764.376
The exports from the several seaboard ports for the we»h
37, 1889, are shown in the annexed statement.
Hew York
97
Central America,
ending April
Tot
121
Mexico
,942.871
9.293.934
Week. Since Jan.
616
India.
Same nk.'Sd.
Same irt.'87.
1888.
to April 30.
]
10,614
6.493
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