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xmitlt
HUNT'S MERCHANTS' MAGAZINE,
R ^p^tBss^^^IyQ

VOL.

thb industrial and com mercial interests of thb united
states.

~~~

SATURDAY, NOVEMBER

17.

NO.

1888.

17,

%hc (^hvonxcU.

Week BtUUng Sov.
1887.

Terms of Subscription— Payable in Advance
For One Tear (Inoludloi; postage)
For Six MotitUs
do.
.

European Siihscrlptton (inolndlng
Euriipeun

New York

:

.HontlH (including poVtaM)'"
Annual 8ul>acriptlon In London (includiag postage);
"

M2 7g
BlxMos.
do
do
do
«1 Ss!
These prices Include the Investors' Supplembnt,
of' 120 pages
'"*'«'<»,"">"»"'. and furnished without extra charge
"•»" to
Sfh^.HhilS''
subscrihers of the Chkonicle.
Bubscrlptiims will be continued until definitely ordered
stopped.
The
poliUelier« canuot be responsible for remittances
unless made by
- -.lo
j drafts
or Post Oihee money orders.

A Hie cover Is furnished at 50 cents; postage
cents, voiuiues bound for subscribers at $1 00.

Terms

on the same

Is

-8-0

(1.419.830)

(-48-8)
(-64-0)

(-W-l)

(S8.4'<9,930l

<—4-7;

(-80-61

buthtli.)

(1,819,961)
(883,9001
(463l«7.!MlO)

bUt.)

i-f-81-7)

(16.1ive,«00)

(10.976,000)

{-4-0;

(S0.a45,0«0)

i-ir8>

9K.T»9,:3e
5JM8.8!.0
l.e48,21»

-H-8
-2-«

109,704301

6»7.045

92.I4A.0OI
5.49O.6O0
1.748.684
l,17».078
1.113,484
1.125.287
gtM.416
714.889

106,154,858

104,470,431

-|-1'6

88 730,593

-2-7

10.984 .8TV
10.718.745

60.344,366
10,874,347
11,414.803

80,884.210

82,183,016

08.821,792
10,017.900
4,485.143
4.713.H45
i.ioo.sne
8,467,843
8,379.028
1,871,896
8,7e0,BIS

60.810.898
10.8l2uiU0
8,008,688
4,882.591
8,808.857
3,188,441
8,868.606
1,802,940
3.1I7.8TI
8.837.8;S
8.:nB.8S8
4,869.147
OTi.lKH
714,008
2,808,177
8»6,817

txila.)

Uartford
New llaven
Portland
Worcester

I.I»I,!IU4

1.019,S«0
1.086. >38
1.4l»,«8t<

SorlnKflold

Lowell..

Total

Mew

England..

Philadelphia..
Pittsburg

of AdvertisiDgr.

Baltimore

ordered for less than one month, In the Commbrciil
Total Middle..
ii-'Jlfr*'**'"'?"**
-^ "*"** P?'' ""? ^^^ ''««"'"-"™"^'-~-'~2-J^-''^^^
UoD
hen
orders are .leanitely Kiven ?'
for one mouth or longer, a lib- Chicago
Cincinnati
eral discount is allowed, and the iiel pricei may be
obtained on nppUcn- .Milwaukee....
tlon attlieolHce. The lowest rates on permanent
cards dertaitclv or- IJetroit
dered
a lor one year are 8 cents per line each insertloD, making
¥58 for Indianapolis...
cue inch space one year, Space is measured In agate
type -14 lines to Cleveland
the inch,
Columbus

.Ww"

Peoria

IiAndon Asents

SwH
Mis

JiS'^'*^'"^^'

each

WILLIAM

*OBH

o.

*"

Omaha

Gardens. E. C, who will take
^ ^I'J"' ^ Drapers'
advertisements
and supply single copies of the paper

MinneApoIls...

e,49>l,4!0

Denver

8,8S7,18»
4.096,154
570.918
531,192
1,880,3<0
818,786

St.

Paul

Qrand Rapids..

B. DANA. 5 '"'' !'I'„"4.TI„"' I»A'VA & Co., PnbliBbers,
104 William Street, IVEW YOKK..
FLOYD, i
POST Office Box 958.

Wichita
Oulutb
Topeka.
Total Western.

CLEARING BOUSE RETURNS.

(MM.

(7r»,00«)
(4H0.100I
(80.662,890)

Boston
ProTldenoe

18

A'ov.S.

P.

671.l38,Se«

(Cotton

6 64

1888.

-10-8

»)lar«.)

(Orain
(Petroleum

11 28

P.Ctnl.

13.241
608.240,382

(Stockt

6 10

postii'sre"

Sir.i.^ioription Si.x

WeekWnift

10.

569,078.688

Sala of—

SIO 20

1,221.

St. Louis
St. Joseph....

-5 4
— to
-So
-8
-8-61

hi

-1*9
-3-3
+8-1
-8-7
-I-19-8

182,014.039

(•8 7
-l-ll

-i-5'4

-6-1

60.889.810
1U.H34.I87
13.318.661

-^8•^J

-8-1

94.080.888

-1-1-4

48-3I

87.088.181

-I-4-0I

10.878300

—2-0

-1-a

-f»0-8(

8.388.018
4.648.970
l.-iSl^Ol
8,516,311
2J!a0.7»?
1.498.10S
4.13I.7I4

-1-81-7
-|-25r5

«.7813«»
'i.mojai

—108;
—88-8
-35-0
-f87a

4.119,682
^30.ua8
64^,888
2.2;«,8«0
818,871

-n-1

-t2-9

-2S-2
•<-lu-5

-ton)
•fSO-6

-15

21

109.381,068

•1-8-B

in.8w.ooo

l«.633,e97

17.678.4S1
1.138.094
13.430,690

-5-9

-180

16.7tW.804

—77

S.4M.'n8

+11

a,«8,7S8

7.804.C78
S.07*.4aK

-t-8-6

-fki-s

8,447.060
1,887,909

8.061380
1.44a383

+18-7
f9-8

»,79».777
8,471.661

Galveston
Norfolk

a,lMI.40O
1,688.841
1.084,008
1.383.984
1.078,744
1.828.286
r;2j»i&

118.821,175

»98.6it5

New Orleans.
Sevfral causes have contributed to a decrease in tlie volume lx>nlsTllle.....
Kansas Cltj...
of exchanges during the week under review, but the
Memphis
most

il.193.900)

I307.n«
10.376.131
6.449.87U

a5t8.8»4
3307.7SS
8,190385

-4-9-5

Mi8-5
+17-8
-t8-7
-11-1
-88-0

-M-8
-4S-3
-1-18-0

-(-10

-IW
-»»
-)-8-8

-H-»

-l-»
important one has been the loss of one day's business in a
1,498,617
-m>-9
majority of the citits on account of the election holiday.
Total Bob them..
-3-«
-04 80359.957
68,004,836
38.118331
Further than this there is that slackening in trade usual to ian Franolsoo
-81 20.658.790 -1-84-0
13.100,888
18,488.004
the week in which a general election occurs, but which
-1-9
904,887.448 966.808.199
may Total all
1.076.883.843
be said to have been less marked this year than
^*i.l*«4.k>«
868.567^147
405.688 0841—?F«
formerly. Outside New York
Speculation in stocks, also, was not so active as in the previous
As received by telegraph to-night the returns of exchanfCM
week, and the same is true of the dealings on the Produce
Hxchange. Altogether, however, the exhibit is quite satis- for the five days are in excesn of those for the corresponding five days of last week, but in comparison with the similar
factory, even though the decline from the previous
full week
is about $172,000,000, for
over one-third of this loss is due to period of last year there is a loss of 8 per cent. On the
basis of these telegraphic returns the estimate for the full
the decrease in share transactions, and the various
other
causes more than account for the balance of the falling off. week ended November 17 would seem to point to a decline
Mercantile failures for the week, as reported to Messrs. B. G. compared with 1837 of about 75 per cent. Messrs. R. O. Dun
Dun & Co., reached a total of 226 (of which 194 were in the & Co. report the number of failures for the week ended FriUnited States and S2 in Canada), against 375 last week, 254 the day night as 237 (205 in the United States and 33 in CanI

week previous and 245 for the same period la.st year.
Compared with the same week in 1887 the current aggregate
oords a loss of 6-3 per cent, due entirely to the drop
of over
n per cent at New York, for in the remainder
of the country
e gain

ada), against 230 last

ITseJIi

JUtvimi by

for the

Eniini ITovembtr

IVieirapli.

1888.

1887.

reaches 0-6 per cent.

'IS

city is

'is

year.

Furthermore, the decline at
wholly ascribable to diminished stock transactions New York..
3ii«a of Stock
The most important increase exhibed this week is Boston

871.818.019
(eharet)..

at Springfield, 47-2 per cent;

and at Peoria, Topeka, Denver PbUailelphla
Baltimore..
and Memphis the percentages of excess are worthy of note.
cnieaiio
Share transactions on the New York Stock Exchange for 8t. Irf)al»
the week cover a market value
New Orle
of $37,974,000, against

week of last year. As is our custom, wo
deduct two-and-a h.-vlf times these value
from the New York
tBtoU to arrive as Mm cxcliange* dne
to oth« btwinoM. tha
173,404,000 for the

teaUM

week and 224

rsftcund

liaiiia;

844i.A?>.i'.«ii58 Kofi.

Total. Sdars.....
Katlniatad 1 dar .

total to: I wiMk..

^•^IKtCVNGtlT*...

**JS.'?5C<.8SS, K^pritt-

JW'y; ia the !wo ycara, cr
a gain of S'l per cent,

(1.33S.0SS)

87.118.787
S3.S«0,li69

!O,90O,18»

11,401308

85.158.0^10

58.779,000

18.118,150

14,4»t3T0

10,953,789

18.807.e76

'803,804,8'J8

STaiaoSilSO
188.000.000

l«7,14B,S6r

Ka,fl44.lM]l,?«S3«3S0
iail4Se^B)W

u-'tjaf.^
'

For (B* loU we«k.

633,808,843
(8,09»,«n)
88,408,668
59,311,171

Us ed oc last

'

I'i.lU.^TC

17.

week

of last year.

tTMk As#* Sor. 10.

—

.

THE CHRONICLE.

574

Tuere has been very

THE FINANCIAL SITUATION

money

The money market continues easy and much as last remore abundant offerings of

ported, except that there are

For bankers' balances the extremes have
been 3 and 1-J psr cent, but little has been done at either
figure, the rate ruling for the bulk of business b iog 2 per
cent, making the average not far from 2 J per cent. Renewals
have bfen kept at 2^ p->r c?nt, in a few cases the loans
loanable funds.

b;ing paid because lenders were not willing to reduce the
rate.
The minimum among banks and trust companies on
call is

A considerable amount of time money

p=!r cent.

2|

has been put out th's week, although there has not been,

we have

BO far as

supply

Still the

is

learned,

any foreign money

offering.

little

change

in

the situation of

The struggle to replenish or retain
by keeping money up to an artificial stand-

in Europe.

bank reserves

in progress between the monetary centres.
England continues a 5 per ceut oEBcial minimum, although discounts in the open market of sixty-day
to three mouths' bank bills in London are only 3^ per
cent.
As a result of this great difference we learn by a
special cable to us that tue Bank of England, which
point, is still

The Bank

of

£46,000 for the week, did not get by
import or pay out for export a single pound sterling,
the loss being simply a shipment of that amount
reports a loss of

to

the

We

interior.

the

since

Nsw Bank

good, a feature being loaning by

XLVII.

[Vol,.

rate

has been

think

every

that

up
receiving new
was

put

to

5

supplies

week

other
cent

per

the

from outside

England banks as well as by other out-of-town institutions sources. That shows of how little use the high official
and by some of our trust companies. A few days ago a figure is now, and yet if it should be lowered, probably
Tnursday
loan of $500,000 at 4 per ceut for five months was made the open market rate would go lower still.
by a leadirg trust company. It is reported that the Read the cable reported a loss by the Bmk of £687,000. At
ing has plased about $2 000,000 in Philadelphia at 4J per Paris the open market rate is i\ per cent, at Berlin it is
A cable dated
cent until Feb. 1, and nearly as much more in that city on 3^. and at Frankfort it is 3f per cent.
learn.
have
not
been
able
to
rate
we
that
new
R issiau loan
the
instant,
states
the
shorter tim?, but
Berlin, the 9th
Notwithstanding the large trausactions, the time money of £20,000,000 is contracted for by an Anglo-French synmarket here

not reported active, the quotations on

is

first-

class collate«J being 3 per cent for sixty d-iys, 3 to 4 per

and is intended to convert the Rossian loan of
187V from a 5 into a 4 per ceut loan. Ttie Btrings and
the Credit Lyonna'se are saii to be the chief members of

dicate,

4 to 4^ per cent, for from four
Of commercial piper thi supp'y is small, the syndicate.
but the inquiry continues good and from all quarters.
Oar foreign exchange market has been dull but genRates are 4^@4f per cent for sixiy to ninety day endorsed erally firm this week. This is said to be due to a scarcity

cent for ninety days, and
to SIX months.

tills recf-ivable,

5@5J

5@6

and

ances,

from four

to six

fof four mooths' accept-

per cent

per cent

months

now

good single namfs having

for

to run.

bills and a demand to remit for securities sold for
European account, London being a free seller of stocks
on Mondiy and Tuesday because of the radical action of

of

and the fu'ure is the New York Central Railroad in reducing westbound
There was a let up in freight rates. On Thursday the inquiry for bills had
demand shortly previous to the election, and since that grown lighter, and tte tone of the exchange market was
O.ie fsct or a shade easier.
Thai commercial bills should be scarce
everit the expected renewal has not set in.
condition is probably holding the Western requirements while cotton is moving liberally, is an anomaly. Bat this
Millers is in consequence of a steady demand aside from that
in abeyance, and that is the wheat speculation.
and elevators appear to be full, and prices are so high the created by arbitrage operations, which promptly absorbs
shipments East and abroad of flour, as well as wheat, are the offerings. Still, it is thought that it it tad not

Money

unusually

almost

just

is

difiicult

at

a

to

featureles",

forecas*.

standstill

;

as

a consequence,

moving

only

not

been for the nervous feeling in London over the trunk-

and the free sales of stocks which resulted,
Mr. Switz'er, of the
manufacture
rates would now have been lower.
"When this situation changfs, as it must sooner Bureau of Statistics, has issued this week the preliminary
or later, and activity takes the place of the present con
figures of the exports of breadstufls, cotton, &c., for
gestion, money it is thought must go a'ong witb it and be October, and we give them below in our usual form.
needed again. From the South the demand still conEXPORTS OF BREADSTUFFS, PROVISIONS, COTrON AXD PETROLEnM.

are

these

articles

of

not

flour

market;

to

being

also

is

but

the

line situation

curtailtd.

'

tinues,

and

if

the cotton crop

is

as large &% the last one,

currency will be in demand for that section for some
weeks, as the arrivals of cotton hitherto have been much

Some

IW.

Ej^pnrts

from D. S.

1888,

1887.

October.

4 Months.

October.

'

October.

4

35.402,804

Qwuitities,

the

WheaUbush

20,301,079
3,654.495

88.591,919

6.941.370

1,018, S8J

8,967,817

918,331"

manufacturirg demacd is likely to
the tariff question has been settled, but that in any event
remote influence, and there is but little
is a more

3,568,650
931,189

8,402,649

Flour. .bWs.

Wheat.bu.

7,75u,0(K)

36,29.),30«

7,987,52J

64,446,995

less

than

a

year

ago.

think

also

increase

that

speedily, as

evidence of tde starting up of spindles (in the department in which they hid sbut down) or of idle furuaces
aa

Business and enterprise

yet.

are,

however,

bnsk

and the local needs for money are large, so that,
addition to the require
it would only take a small
ments to make a material change in the situation. Of
course,

if

the G.,veinment should for a short time take in

more than

it

pays out, the effect would soon be apparent,

Months.

4 Months.

8,«v^0,478

.W, 009.928

11.064,»«'

Cora., bush.

4,102,579

13,14>\669

2,489,«9-)

7,725,400

8,292,582

10.7 8.7S6

Tot. bush.

11,881,879

49,442,975

10,477,224

62,172,404

14,357,458

62,7as,68«

0,716,257

TalufB.

Wh't.t flour
Corn & meal

Rye

35.209.541

t
7.289.303

t
40.883,516

2,283,345'

7,405,243

1,808,80!

13,824'

446

4,040,115
4,424

29,201
15,758

94,877
84.177

$
8.108.274

*

i
l,578,0i7

2

t
48,571,439
5.340.5er
23,387
270,789
410,088

Oats k meal
Barley

87.348
415.089

42.034
117,560
482.975

Br^dstuff^.

10,855,878

43,857,353

81,664,109

11.848.801
6,759,045

5;,«16.287

29,898,542

8,833,314
7,059,546

53,857.109

6,611,706

31,63i,519
4,743,h28

48,745,181

S7,4il,8S7

81t,7»5.571

28,:!9a,l7.s

45,140,681'

17,.352.a59

4,l-i3,-05

16,426,381

3,8m ,111

Provisions.

Cotton
Petrolm,4c.
Tot. value.

83,818,929 189,250,435

57,283,112 181,74.1,170

86.187
2116.331

50,682.43

I

2H,104,7»l
18.737,881

144,099,30^

It will be noted that breadsiuffs, quantities and v^iluea,
Bat
for the res rve though abundant is not large.
Oc'.ober are larger than for the same month last year.
happen
for
likely
to
yet
we
doubt
that contingency is not
This
is a little surprising in view of the small movrfmenii
will
do
much
more
than
that
Government
whether the
But it is explained by the fact
that is to say, we a-e inclined to thiak it will not purchase from the Atlantic ports.
bonds 80 as to disburse p»st accumulations during the few that the exports from San Francisco were 3,265,350
;

|

months the present administration
unless to meet a great business need.

remains in power,

bushels, valued at $3,049,721 this October, against 663,654
j

bushels, valued at $455,867, in October, 1887.

NovEJinBB

THE

1888.)

17.

CoDfideDce in railroad property received
u

hy the ac'.ion of the

«.•••!<

this
e.\^

<

i-i,!iily

reducing west-boind freight

a sbock

q<iiie

New York

HRONICLE.

(

Central

rites.

We

another pftge onr uiual lummarj of the roaclt which hvrt
reported their grois and net earniogi for (he month of

in

September, and

say

"reducing" ios'ead of "catting," beci use we note that

Dapew

Pjesident

ciil

is

reported to have said that the Cen'ral

fallen

rates."

capal'le

of

being settled " very quickly," as

Mr.

Cfn»,

roads tharfog

6.S

generally

unfavorable,

thoagh
one among
them of any con8?quence. We have, however, become
pretty well accustomed to reduced net this year
as

k

Oiio

only

the

is

;

volume of traffic, the gross earnings are a
much better guide. But here also the showing is lest fav«
orable for the moment, though apparently for special
reasons.
The statement for the first week of November,
as prepared by up, and comprising 00 roads, shows

refl

Depew

c ing the

total

well to ol serve: for abrupt disorganiz'ng annouccaments

suggest a

are not in ite interest of security holders but are bewild-

tion

and wheD the presumption is that the breatsh m^.y
be heal«d "very quickly " such precipitate action seems
Besides, heroic measures are not likely
less defendable.

knows

Tlie

it is.

are

in

Raltimore

custom has been to precede severe
retaliatory measures by an attempt to adjust differences,
aod we think that the custom is one which it is q<iite
says

per

7

For the month of October very
oet bare yet been received, but raeh

coma

have

the

-

now

iocreaM in th«
per c*nt), the net bai

decrease.

few reports of
as

a imall

over 2

little

$1,101,224, or

oflE

the

in

—

—

that with

find

gross (f P47,241, or a

So we avoid the rej cled word,
especially as the exception taken was probably intenied
to imply that cutting in other q larters was go'ng on
already and the Central only followed, not in extent
for
it went much further
but in kind.
S. ill, as its action
came without notice or warning of any description, the
effect on the Sireet was quite starlliog, the public assum
Ing, and very naturaKy too, that such a suiden act and
such a radical remedy would not be adopted by so conservative a managemen', if the difficulty was of a nature
"has not

675

earnings about 4} per cent below those of the corlast year, no less than 39 of the roads

responding week

The

reporting losses.

ering,

common

seems

furnish

to

off

the

business,

bat as

we may say

so general

indicating

to

elec-

Everybody
d:s'urbing

general

a

as

presidential

explanation.

exercised

in special cases

is

and the

this

that

upon

effnct

falling

cause,

inflaence

its

that the officials

of one of

Western section inform as
mines did no work for two
What was the special ciuse of irritation which incited days. Iq addition, it mtist be remembered that we are
I was, as comparing with very heavy totals of earnings for last
the movement, is not even yet perfectly clear.
will be remembered, so recently as the 17th of Ojtober year, our table for the firs'; week of November then showthat Commissioner Fink notifi d the traffic managers of in; over 14 per cent increase, and this after an increase

to frighten other roads

or hasten a s':t'.lement; the trunk

Hues are not of the weak sort th

it

trunk lines and their connec

the

panies, with the

I

take a scare easily

io;is

that all the

the coal roads in the Middle

that the operators in the'r

com-

exception of the Lehigh Valley, which

was "to be heard 'from," had agreed to restore rates to
the schedule fixed upon and that the arrangement would
take effect on the 26t'a of that month. In other words,
only a little over two weeks of living under the arrangement was sufficient to put it into a state of utt^r collapse.
Yet there is one fact the agreement est»blishes aad that
is that on the 26ih of last month the roads were substantially in accord, and we ees nothing that has sicca happened to the South Pennsylvaaia Road which would mike
The
that moribund corporation a party to the squ ibble.

Besides,

we suppose

the roads are as yet getting very litUe benefit

from the

of nearly 9 per cent the year before.

new corn

crop.

This

is

confi lently

cjuntad on to

swell

Still,
if
managers
and earnings before long.
are going to fritter away their profits in senseless
strife, the advantage of a heavy traffic will count for

traffic

nothing.

Paul & Kansas City, which made such
an iateresting endeavor b3fore the
Inter-Siate Commerce Commission recently to be freed
from the operation of the long and short haul clause, has
issued its annuikl report tbia week for the year ending
South Pennsylvania has to ba sure been referred to quite June 30, 1888, and we give President Stickney's remarks
At the
confidently as the cause, but the statement is entirely in full in a subsequent part of this issua.
thera
moment
when
the
Northwestern
roads
are
assured
that
present
are
moreover,
we
without reason;
No doubt the real explanation is again wrangling over rates and tariffs, a study of this
is no truth in it.
the usual

one.

interest of

all

Though every one knows

properties

that

it

in the

is

rates be maintained

,

every

one knows equally well that the temptation to ovirreach is
too much for the ordinary traffic manager. Taen little cats
are always contagious atid like little sins they lead up to

The Chicago

St.

a plucky and such

report

furnishes

much

food

for

refl>}Ction,

for

it

reveals in strong light the evil effects arising from this
situation in the past.

The Chicago S

.

Paul

&

Kansas

one of the newer systems of the Northwest, and
has been developed into considerable importacce in the
But there is a more important thought suggested space of a very few years. Connecting the cities embigger.
by this whole transaction, and that is must we hereafter braced in its title, and its road having been operated only
City

is

—

accept two weeks as the limit of the

ments?

Is it

life

of these arrange-

a fair conclusion that the railrcad conditions

a short time,

it

of necessity is in

large measure depend-

ent npon the course and situation of through

traffic,

have been so cbaoged and the companies have been so on which, as we all know, competition has been especiThe extension to St. Joseph and Kansas
shorn by the Inter-Staie law of tie power they formetly ally active.
had to enforce their contracts, that they cannot be made City has only recently been completed and has not

more

yet been

lasting ?

Trade
leported.

and

business

continue

about

as

heretofore

Tae weather is rather warm, and this consvidrawback in cerain lines of busi- miles

tutes Eom(!what of a
ness,

the distributioa of dry goods

tending to diminish

and operating also to reduce the demand for coal. In
the iron trade, though consumption ia heavy, production
is

equally heavy

and increasing, so the

*

improvement

As

far as tae returns

of railroad earnings are concerned, the

comparison with

exptc ed has not yet bjen
last

year

is

growing

realiz->d.

less

satisfactory.

We

publish on

formally opened,

so

the

operations

of

the

year under review include none of the benefits expected
from that source. Hence, though the average number of
of road operated in the twelve

months stands at

608, against an average of only 353 miles in the preced-

ing twelve months, the

company may be

p-actically limited to the line

said to

have been

between Cuicago and

St.

Paul, the other pieces of road simply aclinj; as feederi to
if, and even this lioe was worked under considerable difficulties, as will

ney's remarks.

be seen by a reference to President Stick-

THE CHRONICLE.

576
Lookisg

then

year of

the

at

the

of

results

situation,

we

THE OUTLOOK AS TO RAILROAD

the gross earnings show a gain for the

find, first, that

over a million

the

dollars,

nearly doubled, and this gain

is

[Vol. XLVll,

CONSTRUCTION.

aggregate having

What

being continued.

still

are the prospects for

new

railroad construction in

That looks very satisfactory, and in one sense is satisfao- the United States in the future? This is a pertinent
tory, for most other systems fall behind in their gross inquiry which the present situation of afftirs suggests. We
receipte, some of them very heavily too.
Coming to the do not of course mean the probable extent or limit of
net,

however, there

only a very slight improvement,

is

the amount for 1887-8 beirg $498,993, against $416,499 in
1886-7, 80 that the

company has not been

The reason

its charges.

able to earn

all

that an average of only 8-lOtha

is,

of a cent per ton per mile was realized on

entire freight

its

1-126 cent in the year previous, and only

trafSc, against

railroad mileage in this country, for that
of speculation

But

it

it

mmy years

probability of sacuring the needed increase

growth

regular and slower.

to ba

as to the

is

— whether the

spasmodic and rapid as heretofore, or more

2-34 cents on passengers per mile, against 3-00 cents, being
in the one case a decline of 2S^ per cant and in the other

is

far froaa

is

come constant additions

to

have to be made, the question

will

moment.

at the

being admitted that our railroad system

complete, that for
to

purely a matter

is

and has no practical bearing

There are indications pointing to a less fitful, less eager,
Moreover, the through east-bound trafBc
Paul and Chicago was hauled at an average of movement, for some time at least. Such an inference
only 0-387 cents that is, three e'ghths of a cent per ton seems warranted from the change in the conditions which
of 22 per cent.

between

St.

—

Had

per mile.

the road been able to get as high average

Up

prevail.

to

the

present time,

new

railroad facilities

have been supplied very fast. But some
both the gross aod net
rates as in the
earnings would have been $733,733 larger than they are. of the inducements which previously existed, no longer
Thus we have the old story of an increasing traffic but exist, while the situation is different and in many respects
As is natural, proj actors of new roads do not
declining rates, the experience of the St. Paul & Kansas peculiar.
City being the same as that of other reads, except that always show wisdom or prudence, but heretofore when
in this country

year preceding,

having been so exceptionally errors of judgment have be 3n made, there rema'.ned th»lower rates on
earnings prospect of overcoming them in time through the building:
has not been so marked. Ttie expacsion in trafSc has up of an increased volu Tie of trafiij, as the country and
The exparienc*
really been wonderful, evidencing the energy and skill local industries expanded and developed.
with which the road has been managed. As against 71 ot the last two years goes to show that though the
the growth
the

large,

of its

trafEc

effect

of

million tons of
year, the

the

moved one mile

freight

amount

in the previous

was 187

in the late year

and

million,

as

number has
Other roads having also enlarged

against 8 million passengers one mile, the
risen to over 22 million.

their

traflBc,

though of course not in any suca degree, the

trouble in the

West

is

manifestly not in a lack of business,

but in the inability to secure living

indeed we

rates, as

e.xpeotation

of

increased

t'^nnage

may be

realizad, the-i

hope to recoup themselves by the

cannot
method, for they are apparently to be deprived of

roads

olditsi

and value through regulations striking at rates and:
thus at the margin of profits.
utility

We
ing

all know that the chief error usually is in supplynew facilities ia advance of the immediate neads of the

have often shown in these column?. Mr. Stickney makes country. Bat the railroad is the pioneer, and hence must^
some pertinent observations on the responsibility of the precede industrial and agricultural progress. New citie»i
Inter- State law for this unfortunate state cf affairs.
and toTus in the remote parts of the couitry cin growi
Tue following statement, made up from roun-ca'- up only after the necessary transportation facilities hava
Hence it hw been found inevitable that
been provided.
lected by us, shows the week's recaijjti and ship uanis of
for a time new roads of this character fail to be selfcurrency and gold by the Wew York banks.
supporting and prove a burdea to their proprietors. As a
Received by
Skipped by
Wet interior
Week mOiM} Nov. 16. 1888.
result, a period of active construction has on each occasioni
N. Y. Bonfc*. N. Y. Banks.
Movement.
been succeeded by a period oE comparative inactivity, only
(»95,000
Gold
378,000
Loss.
378,000
to be followed again by another era of activity.
Total gold and legal tenders....
$9.15.000
$2,535,000
Loss. *I,D60,0C0
This has in fact been the history of railroad building im
Taking the foregoing in connection with the Sub-Treas- the United States. We have had a number of eras of
ury operations, the result is as below.
heavy construction. We had one such culm-nating in
1873, from which for several reasons the recovery was
Week encOMQ Nov. 16, 1888.
Into Banks. Out Of Banla. Net Ohante in
Bank Holiingr. very slow.
We had another in 1880 to 1832, which was
Banks Interior Movement, as above
tOBS.OOO
$2,356,000
Loss. $1,530,080 succeeded by a shorter period of quiet.
The latest illusBnbTreas. operations
TotAl gold and legal tenders

The following

11,300,000

11,900,000

$12,295,000

$14,455,000

600,000

close.

£

Nov

.

Silver.

£

Total.

Gold.

£

£

Silver.

lolai.

£

£

19.664.779

19.504,779

20,310,188

20,310.182

40,908.2M 49,161,979

90,070.2 13

46,315,237 47,597.571
82,042,200 15,201,800
7.444,000 14,604,000
4,0^6.000 8,038,000

92.012 808
33.237,000

28,563.334 14.281.666

42,845,000

6,948.000 15.660,000

21,508,000

Netherlands..

6,037,000
2,425,000

7.422,000

12,509,000

1,213,000

3,638.000

2,483,000

1,242,000

6,970,000

1.120,000

S.090.000

6,983,000

1,118,001'

Natlonalltaly
Tot. this week

22 018.000
12,094,000

of

depres

however,

is

Tue

that in ea;h succeeding era the

casfi

sue!

chief feature

work has beer

prosecuted on a larger scale than in the era preceding,

and that no matter how long or serious the consequence.,
of previous

readily or

efforts to

anticipate future needs a

too soon, the

little toe

work has always been pushef

3.725,000
.

8,101,000

100,468,377 88.758.615 108,285,022 100,503,610 87,021,371 197,')27.900
Tot.prev.w'k. 109,653,229 88,838.700 198,511.020 100,012.363 87.772.8831 107,343.251

* The dlTlslon (between Rolil and sUrer) (jiven In our taWe of coin an d
liani: ot Geraiaa7 aail tlsa IIa:;« of E!;I,-;l'ji;i la iziado f roai
11ie!t«8tci<t|]DaT«ve)i:r« able S&oUitiCiiiiceltUerctuislnIt ololmnlto Da
arKlbratw.iu r.biise v«>c.*cj! iXMXfceaiUitb'oticn is tli^U v«eK'.T reDotU,
toMtiy iciimljuf tno csnu !iova aiA tiijrti b\a 99 0^«T9 Hie diiVutoB
94 uifiUilfs. tio^a^^pi^iiD^taai^

bnUlon in the

intervals

ceeding activity especially noteworthy.

17. 1887.

Anst.-Hung'y

Nat.BelBium"

bsing brought to a

been alike except in their

which have followed. In the next to the last
the interval of rest was extremely short, and the

last year.

Bold.

Germany

all

sion

Banktof

•

These periods have

amount of bullion in
duration and the greater or shorter
week and at the core es-

.Nov. 15,1888.

Kngland
France

now

Loss. $8,160,000

table indicates the

the principal European banks this

ponding date

Loss.

tration is furnished in the period
...

with renewed energy at the

But

we

will the result ba the

the right to expect

first

signs of recuperation.

same

it 7

said

there existed the hope

present

period

the n«w

eDtorprieas

ware not

Havi

in this instance ?

As

above,

and

up

to tb

belief that

taaDJcdiitaly proStablCj

;

th*;:

)

NOVEUSER

THE CURONIOLE.

17, 1888,]

677

with the growth and development of the sections traversed.
It was only a question of one or two years when the

to reduce dividends or

undertakings would under judicious management yield a

companies, therefore, are not in a

Can this expectation longer be reasonably enterTbe aciion of our legislative bodies, both
and State, appears to furnish the answer. The

return.

tained

7

national

Weetem

now

Slate Commissioners will not

allow a road

to maintain paying schedules of rates, so as to enable

it

have suffered heavy Iomm in •aroioga and been obliged
suspend them altogether. Tb<M
further

new

have finished

all

intend to take

may

enlarged

To many

of

them

is

it

road does not earn the interest on

The

farmer, getting

much

its

less for

immaterial even

if

a

bonded indebtedness.
his products than he

did eight or nine years ago, and public eentiment generally

in

those sections, supports the Commissioners in

Such roads aa

Rock

the

new construction work, and do not
up again in the immediate fntnre. Even

their

it

announces that

be.

to engage in anjr

the Atchison, the Missouri Pacific, the Nortbweet, the St.
Paul, the Barliegton & Quincy and the Union Pacifle

under a growing volume of traffic to be raised to a prosThese Commissioners demand and require
that rates should be reduced, no matter what the eSect

perous basis.

mood

ventures, for a time at least.

which

Island,
it

out

held

has no more

and the Manitoba,

tion at present;

the

system during the

now

longest,

new mileige

in

contempla-

which has greatly

too,

fev years, has only a
few more short lines under way, after which it also will
rest.
Some of the companies make bold to announce that
its

they will build no
It

last

new rosd during

the whole of 1889.

does not by any means follow that railroad construc-

these unjust, unreasonable and arbitral y endeavors.

The
most seriously in the same way.
It forbids pooling, which is equivalent to taking from the
roads the only effective means they ever had for main

tion is to

Inter-Siate law operates

annual additions are likely to be as small as they were in

taining agreements for the obseivance of rates

which there

greater charge

hibits a

for

;

it

pro-

a short than a long haul,

the

come

years

a complete standstill, or even that the

to

immediately

many

1873.

short

Room

branches,

will

besides

be more or leEs building of
more remote sections of country,

of course

will

the newer and

road in

succeeding

be found for

doubtless

is being interpreted in such a manner as to endan(specially where a liberal policy prevails in the treatment
ger the margin of profit even on the best of our roads.
of railroads.
But the additions are likely to be made
From such premises the conclusion seems a fait one more gradually. Our railroad mileage is very large, and

which

must

that railrosd construction

in the future be consider-

Business and

ably hampered.

may

traffic

continue

to

even a small yearly percentage of growth means a conWith a total of 150,000
siderable amount of new road.

per cent yearly increase would represent 6,000
and 5 per cent would be 7,500 miles. In the curance that he will be allowed to charge living rates. On rent year to November 1, the Railway Age reports 5,790
the contrary, he is justified in believing that as soon as miles of new track laid, and we should judge from this
traffic grows a little, the railroad commissioners will order that for the twelve months the total will be not much
another reduction. It may be claimed that the lower rates above 7,000 miles, a part of which represents projects
Are not always the result of legislative interference, but entered upon when the conditions were more favorable.

grow, but there will be
the promoter of the

little

new

consolation in

that fact to

roads, for he will have

no

assur.

are frequently chargeable to the roads themselves in pur.
43uing a species of reckless rivalry
is

and competition.

miles,

Tee

conclusion, then,

There be made

considerable truth in this statement, yet in that case the

situation

miles, 4

wears an entirely different aspect. Excessive
is frequently a means for caring an evil that

that while additions are certain to

is

from year to

in the future

year, for the time

being there does not seem any likelihood of a repetition
of the specially active work which has distinguished pre-

When

our people want more active

competition

vious periods.

no other form of treatment. But aside from
that, where the roads themselves and alone are responsible
for the low rates, they also have it within their po ver to
restore rates, when circumstances favor it, and thus the

have to show their desire by
first modifying our loter-State law and by giving a lees
hostile tone and character to State Commissioners.

will yield to

But where, for illustration,
says
that they will insist that
Commitsion
a Western State
rates in the West shall be as low as in the East, notwiihslanding the differetca in the volume cf traffic, the roads
have no remedy (except through an appeal to the courts
which is always undesirable and unsatisfactory) and thus
For these reasons it seems likely
are practically helpless.

condition

is

road

THE SEPTEMBER NET EARNINGS.

not permanent.

that railroad managers will not

the

anticipate

country's

rail-

building they will

It

cannot be said that the September exhibit of net

earnings records sny improvement on that for the month
On the contrary, in a number of important
preceding.

among

particulais the showing

is

The comparison

gross

ss

to

is

the poorest of the year.
better than indicated in

our early statement for the same month (Chbonioli of
October 13), there being a small increass over last year,

and needs to the extent they have in instead of a small decrease, as by the other statement.
The inducement to do that, no longer exists. But this increase has again been accompanied by a very
the past.
They will rather wait till new facilities are more likely to large addition to the expenses, and as a result the falling
net a return on the outlay.
ofi in the net is even heavier than in August, reaohing on
that
circumstances
also
other
At the moment there are
the 78 roads comprised in our table over a million dollar*—
distinguishing
The
construction.
new
tend to restrict
$1,101,224. The following are the totals both for Septem-

future

wan'.s

built during the last ber and the first nine months of the year, the latter period
was provided chiefly by large embracing the returns of a number of companies which
But these have all stopped now. Both in do not report by months, and therefore cannot be inoiaded
companies.
the Northwest and the Southwest the experience of the in the showing for September^
of

characteristic

the

new mileage

three years has been that

it

railroads hss been very unfortunate the present year.
This has been partly as the result of their own folly in
partly because of
building parallel and competing lines

1 <• Stpt. 10.
(go Pllll«t

/on.

Jfontk 0/ StvUmlMr.
(TSriMuU.)

issa

1887.

IncMrDtc

s

I

/ncorOM

1887.

;

unnecessary

new

rate cutting.

mileage, and partly also on account of

But the chief source

the one that has destroyed hope
late

decisions

under

Railroad Commissions.

it,

is

of

disturbance and

the Inter State law, the

and the interference

As a eonsequence

of

it^all

of S:ate

the roads

t

Orouaarn't
Opw.axp...

40.41S,0'K
S6.0BS.S86

+1S.MT,«I0
39.947,888 -f847,»ll 3<WjnS,«70 «8.0SB.S80
94,14t,SSI 1-1.8 ts.«aa X8.3M.S8e N7.4U.IM -HM,US.rN

NatMin'i U.8ai.W>8 u.us.in'

In ratio the decline

l.lOl.t

m me

being only a UlUe over

7

per

113.717.7»

l».M7.1M

-S.aMJM

net does not seem very heavy,
cent,

and yet

it is

somewhat

.

.

THE CHRONICLE.

578

than the ratio of
embracing the
months,
per cent), for the nine

surprising to note that

dtcrease (8

efiects of all the

but

it is

little less

unfavorable circumstances and conditions

which prevailed early in the year. It is also a fact that
we are not comparing with specially good results for last
It is true that

year, at least as regards the net earnings.

September, 1887, there was a pretty general iLciease
in the net, in which nearly all roads except those in the

in

and

Northwest

increase

total

or

but
>he
participated,
Southwest
large either in amount
was
not

rtaching

ratio,

abou?

only

or

$1,066,532,

have a loss of $1,411,997 between them, while the loss
en the whole 78 companies, as already stated, is only
But these heavy special losses are to a great
$1,101,224.
extent ofiset by a number of heavy gains. On the Central
of Nerw Jersey, for instance, there is an insrease of $299,249, on the Pennsylvania (Eastern lines) an increase of
$197,249, on the Northern Central an increiseof $116,339,
and on the Southern Pacific, Pacific system, an increase
of $148,318, making $761,155 increase on these four
roads.
We now submit our usual analysis, giving the
roads by groups and gaographicil divisions.

7 per cent, which was the smallest peicentage of increase,
with one exception, for any month of the year up to that
If

time.

we go bick another

—

the

find

Taking

small.

ttie

roads as a whole, theiefore,

be claimed that the falling

can not
in

is

any

previous years

great measure attributable to the gjiaa of

On

it

the piesent year

off

hand there was one more
Sunday, and consequently oue working day liiss, this year,
while at the same time Southern loads sufiered from a
greatly diminished coiion movtment and ftom yellow
These quarfever and quarantines against the disease.
antines, as we pointed out in our article of October 13;
stopped railroad operations completely on some lines in

in that month.

other

the

the latter part of September.

What

From

spread.

our

summary

of

is

so general and wide-

tho roads further below,

be seen tuat seven out of the niae groups sho

will

diminished

results.

In

fact,

net,

number

of instances the

This

is

w

than 53 roads report

less

and only 23 increased

r«duced
year.

no

is,

net.

Moreover, in a

losses this year follow losses last

stiikingly so in the

case

of

the Atchison

and the Burlington & Quincy, and is also tiue with regard
to the Northern Pacific, the Minneapolis & St. Louis and the
West Jersey. September is the seventh successive month
in which our monthly statements have recorded diminIndeed, there has been but one month this
ished net.
year, namely February, when the net was larger than
The part played by increased expenses in
last year.
bringing about such results may be judged from the fac'
that the gross earnings have recorded gains in all the
months, with one single exception. Here is a recapitulation of the monthly summaries since the first of the year.

Net Earnings.

1887.

Inc.orD,e.

1888.

t

(

t

701,397

Jan. (61 roads.) 25,630,800 24,826,.403
Feb. (74roa-8).. 30,809,364 88,197,,571

,6II,7^S

Moh.

(69 roads). S4,5«0.818' 3d,a64,,!i79

.063,961

Apr. (82 roads). 37.824,575' 86.194,.317

,630,8.W

1887.

IncorDec.

f
$
6,067,842 7,828,153 -1,560,311
8,878,661 8,587,876
-f 888,985
10,303,802 13,695,137 -3,391,335

Mar (82 roads).

10.177.914 137,779,,968

397,946

June

S9,020,452 36,625,,639

.494,813

-388,436
11,480,538 11,802,974
12,104,018 13.811.130 -1,107.112
13,114,425 12.748,220
—633,795
13,939,084 15.442,100| -1.603,018

(81 roads)

July (8« roads)

14,611,.381 4S,502,,358

109,023

Aug.

44,084,894 41,670,,935
10,4i 5,079 39.68-,,838

,303,95»

15,434,231 16,155,107,

—710,876

847,241

11,381,693 15,422,917

-l,lQl,2a4

(83 roads)

Sept.(78 roads)

As

some very heavy
by the same companies

in other months, there are

ual losses, thou^'h not

all

Net Earnings.

t

1888.

1887.

Jnc.orDee.
$

»
10,673.105

1
3,804,951

t
4,024,039

-218,e8»

382,526

3!0,f,39

4-11,886

1.561,730

-180,887
-180,481
-173,066
—430,03*

.(8)

417,295
513,897

828.201
3,684,021
1,629,633
9,483,740
5.027,649
7,314,624
419,633
607,282

Total, 78 road s....

40,415,079

89,567,838

Trunk

.(8)

10,436,706

Middle Western
.(9)
Northwestern
.(7)
West of Missouri ..(21

790,764
3.671,751

Pacific systems... (121

10,623.370

Soutliern roads... (23)
Coal companies.. (13)

4.810.071

lines

Eastern roads....
Mexican roads .

1,638.475

7.782.761

.(4)

.

1,380,843

539,311

719,745

4,044,000

4,217,096

1,684,751

8,114,785

8,381,017

2,149,023
163,826

148,842
114,883
14,321,893

4-138,08*

161,664

-14,48*
-46,641

15,422,917

-1,101.884

Jan. 1 to Oct. 1
Trunlc lines
.(9) 104,706,046;i04,403,584 33,302,673 35.281,305 -2,88l,«S«
.M.ddle Western.. ..(91
8,414,098
6,140.176
2,061,081
+a»
8,061,510
Nortliwestern
..(5)
21,866.335 26,180,698
4.118,868 10,281,872 -6,133,00*
West of Missouri ,.l2) 12,103.639 14,458,398 3,834,827 6,458.912 -3,824,886
Pacific systems... .(12)
85.428.406 72,179,909 80,180.903 37,562,537 4-1,618,366
-20,819
Soultiern roads... (24)
39,241) .303 36,823,813 13.150,183 13,170,988
-163,8*9
Coal companies... (17)
70,928,847 67,811,749 21,844,488 28,007,837
4-755,*88
Eastern roads
22,573,156 20,069.308
7,936,959
7,181,521
(10)
-200,50»
1.457,599
1,658,107
Mexican roads... ..(8)
5,836,040
4,718,201
.

.

.

...

38S.272.870'353.Oi*5.280'H5.717,790 125.867,154

-9,948.36*

Note.— Included under the bead of—
Trunk tines— Baltimore & Oliio, Cley. Col. Cln. & Ind., Grand Trunk of
Canada. Cblcauo & Grand Trunk. Detroit Gr. Haven & Milwaukee, Ohio &
Miss, and Pennsylvan a east of Piltsburg & Krie; and for the nine months the
earue roads (except inic italt. & Ohio), together with Boston & Albany, N. Y. Central & H. U. and N. Y. Chicago & St. Louis.
.Middle n'e«t«rn— Cairo. Vin & Ohio., Flint & Fere Marquette. Cleveland ft
Canton, Del. Bay City A Alpena. Ohio River. Scioto Valley, Toledo & Ohio
Central. Louis. N. Alb. & Chic, and Marietta Col. & North.
Northwestern—Burl. Cedar Rapids'tfc Northern, Central Iowa, Chicago Burl, ft
Quincy. Chic. Uarl. & North., Duluth 8. 8. & Atl., Minn. & St. Louis and MIL
L. S. & West., and for the nine months the same roads excepting M. L. S. ft
West, and Uul. S. S. & Atl.
West of .'rfisKoari- Atchison Top. & S. F. and Denver & Rio Grande Western.
Paciflc /fottfia— Canadian Pacific. Northern Pacific, the six Southern Pacific
roads. Oregon Imp. Co., Oregon Ry. & Nav. Co.. Cni jn Paciflc, and Prescott ft
Ariz. Cent.

Southern Roads— Cape Fear & Yadkin Valley. Carolina Central. Central of
Georgia. Ches. Ohio & Southwestern, Cin. N. O. & Texas Pacific (four roadsK
Kentucky Central, Louisville & Nashville. Louisville New Orleans & Texas,
Memphis & Charleston. Nashville Chattanooga & 8t. Louis, Noriolb & Western,
the 8ix Uich. & West Point Ter. roads. Pe'.ersburg. Richmond ,t Petersburg,
and Seaboard & Ruanoke, and for nine months the same roads, together wltn

Natchez

.Iacksi>n

&

Col.

Coal Co7iipani€a— Allegheny Valley. Central of New Jersey, Lehigh & WilkesNorthern Central, Phila. & Heading, P. It R. Coal A Iron Co.. Pittsburg & Western, summit Branch, Lykens Valley. Western N. Y. & Penn. and
West Vir. Cent, i Pitts., and for nine months the same ruads. together with
Buff. Roch. & Pitts., Del. & Hudson (three roads) and the two Del. Lack, ft
Western roads.
Eastern Companies— Baltimore & Potomac. Camden & Atlautic, States
Island and West Jersey, and for the nine months the same roads, together
with Brooklyn Elevated, Manhattan Elev., Hart. 4 Conn. West.. N, Y. » Heir
Kiigland, N. y. Phila. & Norfolk and N. Y. New Uaven & Hartford.
Mexican Itoads—The Mexican Central and Mexican National.
barre.

Only the coal companies and the Middle Western roads
kere show improvement for the month, and in both sec-

GROSS AND NET KAKNING8.
Gross Eaminns.

1887.

1888.

Total, 90 road B

specially disiitguishes the pietent siatemeut,

that the falhng oS in net earnings

it

Qrosa Earnings.

September.

September, 1886,

year, to

same general result a good maay of the
roads then showed enlaig d net, but there were some
with heavy losses, so that the balaace of increase was

we

[Vol. XLVII.

individas heie-

number of roads which fall behind. la
Western group indeed the Louisville New
Albany & Chicago is chiefly responsible for the gain
shown, though the Scioto Valley, the Cairo Vincennes &
Chicago, Ohio River, and Marietta Columbus & Northern
tions there are a

the Middle

also

contribute larger

or smaller gains.

In

the

coal

ing considerably increased grots receipts, while the Reading and the rest of the roads all have losses in the net,

and nearly all losses in the gross. Tae coal companies
Railroad, combined with the Coal & Iron, being $328,233^ and the Pacific roads are the only ones which show any
and next comes, not the Atchison or the Builington & large or noteworthy gains in the gross. The position of
Quincy, as might be supposed, but the Union Pacific, the Pacific group is quite striking. With gross $1,139,630
which loses $327,795. The decrease on the Atchison is greater than in September, 1887, the net is $173,066 less,
$180,077 and on the Burlington & Qaincy $144,869. On However, this loss in the net is explained by the decrease
the Baltimore & Ohio there is a falling oil of $242,024, of $327,795 on the Union Pacific, though the Canadian
including in this both the Eastern and the Western system, Pacific, the Northern Pacific, and the Atlantic system ol
With as
while the Grand Trunk has lost about $100,000 and the the Southern Pacific, also report small losses.
Central of Georgia $89,089.
Altogether, nine companies increase of $303,065 in |gros3 ^earnings, ^the^ Northern
tofore.

The Reading

leads in this respect,

its loss

I

group the gains come from the Central New Jersey,
Noithern Central, Allegheny Valley, Lehigh & Wilkesb=rie, and Summit Branch, the same roads also all report

i

on the

j

I

.

}

NOVEWBER

17,

THE (JHRONICLE.

\lX8.y

Pacific increased its

expenses $322,988.

The Soathern

(combined system) added $662,998 to gross, but
at a cost of $515,112 in expenses.
The Union Pacific
Pacific

with

$76,075

less

gross,

required

$251,720 more

in

679

will in all probability, therefore,

rice

be a smaller export both of

and of cotton next year than

to the present, at all event*, the

some time put, and up
export of wheat doee not

for

increase.

The 8»okvilIe incident, notwithstanding the Roreamlng of
some of our papers, is taken very calmly by the general public here.
Even operators in the Stock Exchange have not
suffered a loss in net, and that road Is also the only one thought it important
enough to be used for bear purpoHea.
showing a gain in gross for the month. Among the Nor does the close approach of the Presidential election much
Southern roads, none but the Kentucky Central and the affect the stock market, except in so far as it diverts attention
•i'etersburg are able to report improved net.
In the same from business to politics on your side. People generally feel,
group only 5 of the 23 roads have gains in the gross, from whichever candidate is elected, that when the excitement ot
the struggle is over the reUtions between the two countries
which it is easy to judge of the effects of the dimioished
will resume their usual friendly character. But the uncercotton movement and the yellow fever plftgue. Among the tainty of the money market has for the
time being taken all
expenses.

In the trunk line group,

all

but the Pennsylvania have

Eastern companies, the Camden & Atlantic is the only
exception to the role of decrease, though these lines all

have gains

in the cross.

In the Northwest there are three

roads that have done better in the net

—namely,

the fact that the ease

the

& Northern, the Chicago BurNorthern, and the Milwaukee L*ke Shore &

Burlington C-idar Ripids
lington

&

life out of the stock markef.
The great financial houses are
able to make the rates of interest and discount low, but they
are not &ble to blind the investing and speculative public to

Western the rest have suffered a reduction.
For the nine months to the end of Saptember 90 roads,
it will hi seen, report gross of 369 millions this year,
;

is

artificial.

And

every time gold

is

withdrawn from the Bank of Englan'l for export apprehension increases. In a few weeks, however, the most critical
period for our market will have passed, and then a general
advance in prices is looked for.

Except in minin-^ shares, the dulness extends to all departments o' the Stock Exchange. During the week the monthly
settlement in Berlin has been going on. It wa-s a difficult
against 353 millions last year, being a gain of 16 million
and heavy one and has taken up the whole attention of the
dollars, but the net earnings foot up only 115 millions,
mombers of the Bourse, but it has been got through successagainst 125 millions, being a loss of 10 millions.
There fully, and it is reported that the feeling in Berlin is once more
are two groups
namely, the Pacific companies and the very sanguine. It is known, indeed, that preparations are
Eastern roads which show improved net, while the loss being made there for a very large financial operation. The
monthly settlement on the Paris Bourse is, however, not yet
eomes mainly from the Northwestern group, the trunk
completed, but no doubt is entertained that it will also be got
lines, and the roads west of the Missouri.
In the case of through successfully. The anxiety recently entertained conthe latter three groups, the Pennsylvania (Eastern system) cerning the Panama Canal Company is allayed for the mois the only roid with an increase in the net, and there are ment.
M. De Lesseps is reported to have sold so many bonds
but four roads whi ^h have managoi to enlarge their gross. during his tour through France that it is believed the diffiIn the Northwestern group, the Burlington & Q lincy con- culties of the company have been postponed for some months

—
—

tributes $3,702,622 of the losj in gross

the loss

m

and $5,739,101 of

net.

at least.

The great dispute in ths coal trade has come to a sudden
At the close of la><t week 35,000 men and boys were
reported to have struck, and there were fears of a protracted
struggle. But those fears are now at an end, although the
strike has not actually terminated. The mine owners of
Yorkshire held a largely attended meeting on Tuesday at
which they resolved that since the mine owners of so
many other counties have given way, they would not alone
fii<ht the battle of the employers.
As the mine owners of
Yorkshire led the resistance to the demands of the men, and
proposed to be resolved to fight out the quarrel at any cost,
their decision practically ends the dispute.
In consequence
the price of coal, which during the strike rose about 4s. a ton,
yesterday fell 28., or about half what it had risen.
end.

[From our own oorreBpondencj
LONDOS, Saturday, Nov. 3, 1883.
The rates of interest and discount continued to decline in
the early part of the week, so much so that on Thursday the
discount houses decided to lower the rates they allow upon
deposits
per cent. Those rates are now only 2^ per cent
for money at call, and 2^ per cent for money at notice, a
most unusual divergence from the Bank of England rate of
discount which remains at 5 per cent. As was to be expected
the fall in the value of money has led to the resumption of
gold shipments, £440,000 having been taken for South America
on Thursday; and it is understood that a further sum will
soon follow. A new Brazilian Railway Loan is reported as
being negotiated in France and Germany, and if the negotiations are successful, doubtless a third shipment will be made
»n the course of a few weeks.
There are fears, too, that gold
may be withdrawn from the Bank of England for Germany.
The best informed still believe shipments to the Argentine Republic have ceased for the present year
but there is some
doubt as to what the Russian Government may do. Russia
Is about to imdertike a great refunding operation, and at the
same time more money is to be raised. The probability, therefore, is that the Government will do nothing likely to disturb
the London money market. But the action of the Finance
Minister is quite uncertain. The withdrawal of so much gold on
Thursday has had unexpectedly little effect upon the market,
the discount rate in the open market being still no higher than
8 per cent, so powerful are the efforts of the greit financial
houses to keep the market easy.
The price of silver has declined during the week to about 43
pence per ounce, the mint purchases having ceased, and there
being no demand just now for the Continent. The decline
however, caused some buying for India. It does not seem
likely that the Indian demand for silver for some time to
come will be large.
Drought in Madras is threatening some
districts with famine, and is likely to cause a greatly increased
local demand for rice.
In the Bombay Presidency damage is
reported to have been done to the cotton crop also.
There

^

;

A decision was given in
much

one of the Superior courts yester-

One of
the clerks of Messrs. Vagliano, Greek merchants in London,
some time ago forged several bills of exchange and endorsed
fictitious names upon them.
He placed the bills before his
employere and got them to accept them. Messrs. Vagliano,
day which

is

exercising the minds of bankers.

who are customers of the Bank of England, sent the bills to
and accordthe B ink with instructi ins to have them paid
ingly they were paid. When it became known that they had
been forged, Messrs. Vagliano sued the Bank of England, and
it was held yeaterdiy by thi Julge before whom the case
;

was

tried

ordered

to

that

the

pay

all

Bank
costs

is

and

liable.

interest

The
at

Bank
4 per

was
cent.

The law is clear that a bank pays a forged bill at its own
But in this case the genuineness of Messrs. Vagliano's

risk.

acceptance is not disputed, nor is it denied that the Bank was
advised to pay. If under such circumstances bankers are
liable, they naturally argue that they can never be safe in
paying a bill. The Judge foresaw this, and suggested that
bills in future should be made payable at the office of the
acceptor and should be paid by check. But the fact that the
present custom has grown up shows that it is for the convenience of trade, and it is doubtful therefore whether the Judge's
suggestion can be acted upon. Of course, the decision will
be appealed, and it must be a long time bafora a final judgment is arrived at.
The negotiitions for the formation of a g^reat union or
combination of the copper-producing ^companies of J the

:

,

1

.

THE CHIIONICLR

580

^orld are making favorable progress. An arrangement has
been arrived at with the Rio Tinto Company, and it is
expected that the American compmies will have adhered to
this arrangement in two or three weeks. Then there will be
no difficulty in obtaining the adhesion of the other companies. The idea is that the seat of the association is to be in
London, since England is the greatest consumer of copper of
any country in the world. But the American, French and

German

.

And

interests will be adequately represented.

it is

intended also that the great smelters shall have a representation, so as to insure proper consideration for the interest of

the consumer while protecting the interest of the producer.
of the greatest financial houses in England, America
and the Continent are assisting. It will be in the recollection
of our readers that copper fell from £73 a ton in 1883 to
£88 88. 9d. in 1887. In the latter part of last year there was
a rise to about £85 a ton and about the middle of this year
the price actually advanced for the moment to £107 a ton.
It has now again, however, fallen to a little under £80 a ton.
The wheat market has been firmer this week, though no
very material rise has taken place. Sir I. B. Lawes, the
well-known agricultural experimentalist and a recognized
authority on the subject, estimates from the results on his
own farm at Rotharnstead that the wheat yield of the United
Kingdom this year is very much larger than the estimates
hitherto published have represented it to be. If this be so,
the quantity to be imported will be correspondingly sitfaller.
Even the quality of English wheat, Sir I. B. Lawes thinks, will
prove to be better than is usually supposed. The iaference
strengthens what has long been the opinion of millers in this
country that all the supply needed will be obtained without
any material rise in prices. However this may prove to be,
the supplies from Russia continue to be exceedingly large.
The Bank rate of discount and open market rates at the
chief Continental cities now and for the previous three weeks

Many

—

[TOL. XLVII.

West Indies and *62,000 from

Chile, or a total of £101,000 BUpped
Bombay, £75,000.
Mexican Dollars— There Is little doing In these coins, which may be
quoted 42is(l. nearest. £19,000 has arrived from West Indies £56,700
have been sent to Penang.
The following shows the imports of cereal produce into the
;

to

;

United Kingdom during the
compared with last season

nine weeks of the season

first

:

IMPORTS.

1888

1885.
1887
1886
9,045,573
9,914,126 11,062,477
owt. 12.956,809
3,068,913
2,722.660
4,704,6d3
2,800,718
2,439.350
3,367,522
2,719.435
3,017,154
309,818
303,063
517,130
366,888
Beans
500,180
746,370
396,437
426,849
Indian com
4,894.642,
4,888,736
4.676,901
4,016,777
2.060,342
Flour
3,323,775
3,454,582
2,986,650
Supplies available for consumption (exclusive of stocks oo

Wheat

Barley
Oata
Peas

September

1):

1885.
1886.
9,914,126 11,062,477
2,986,650 2,060.342
6,475,868 8,433,290

1887.
9,015,573
3,454,582
7,831,486

1888.
Imports of wheat.cwt. 12.956,809
Imports of flour
3,323,775
Sales of home-grown. 5,880,799

Total
22,161,383 20,381,641 19,376,644 21,556,109
1886-7.
1885-6.
1888-9.
1887-8.
Aver, price wheat
week. 328. 2d. 3 s. Id. 30s. 3d. 31s. 4d.
Aver, price wheat ....season. 338. lid. 298. 2d. 308. lOd. 318. Id.

BBKUsta Flnaaclal (narHeis— Per Cable.
The daily closing quotations for securities, &c,, at London
are reported by cable as follows for the week ending Nov, 16:
liOndon,

Mon.

Sat.

43
Silver, per oz
d. 431,8
971 18
Consols, new 2% percts. 971,8
9714
97^4
for account
do
FVch rentes (in Paris) fr. 82-90 83 00
U. 8. 4i23 0f 1891
0.8. 4s of 1907
Canadian Pacillo
Chic. Mil. & St. Paul....
Erie common stock..
Illinois

Central

110%

110%

130

ISO
57

57%
68%

08>8

29 13
II913

29 '4
119!ll

Wed.

43
97 14

43

9733

971,,_

973,8
976,8

43

9616,8

97

8300
110%

8310 83-22% 8305
xl09% 109% lOgTg

13014
5639
•16%
27'8

I3014

I30I4

56

561-2

6658

6738

27%
118%

119

56%

564
25

5573
24 14

54

Philadelphia &, Reading. 25 14
New York CenlTal.
II314

11313

111%

110%

Pennsylvania

FH.

Thurt.

Tuet.

43

130S»
56I4

67

27i«

28
II914
5453
2403
IIII2

24)4

'

119
54

24%

llO'g

have been as follows:
Nov.

Oct .19.

Oct. 26.

2.

Oct 12.

Satei of
Jnttrett at

Bank

Open
Market

Rate.

Bank

Ope-n

Bank

Rate.

Market

Rate.

Parts
Berlin

i%

iH

4

2ii

4

Frankfort

4

3H

4

Hamburg

4

3?«

4

3M

4

Amsterdam

2«

2}<

2«

4
4

4

2
4

2«

4

sa
4H

4

3«
4«

4

7
3

6
8

1

e
3

Brussels

Madrid
Vienna
Bt. PetersbnrK..

CoDenha(r«>n

8

Rate.

4
4

3H
4
4
4

83i

s«
iH
3H
sa
4«

4

Open
Market

,

1

3%
^a

4

8

Bank

Open
Market

National Banks.—The following national bank has beeni
organized since last advices :
3,938— The Wellsborough National Bank, Wellsborough. Pa. Capital,
$50,00J. Hugh Y'oung, President; W. D. Vau Horn, Cashier.
Imports and Exports fob the Week.—The imports of last
week, compared with those of the preceding week, show a
decrease in both dry goods and general merchandise. Thei
total imports were $7,183,433, against $3,668,401 the preceding week and $9,100,434 two weeks previous. The exports
for the week ended Nov. 18 amounted to $6,081,907, against
$5,556,906 last week and $6,513,817 two weeks previous. Thei
following are the imports at New York for the week endr
ing (for dry goods) Nov. 8 and for the week ending (fo
general merchandise) Nov. 9; also totals since the beginn
1

4

3H
2X
3M
8«

e
3

7
S

2«
3M

7

8

The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.
compared with the last three years
:

1

of the first

week

in

January

:

NEW TOKK.

FOKEION IMPORTS AT
1888.

1887.

1886

1885.

£

£

£

£
Olronlatlon
Pobllo deposits
Other deposits

84,89S,435

25.618,535

22,360,537

23.723,453

Government

17,068.968

?4.514.S15
5.8&8,41lj
3.454.141

secorltlea

25,103.705

25,044,365

8,114.798

3,107,236
25,917,588
15,123.7(57

19.983.I03|

12,359.980
19,429.936

14.033,215

Other secarltles

20,190,00t

20,374,038

Beserveof notes and coin
Coin and bullion

U.841,344

ll,83i.544

10,455.890

11,343,133

20,539,779

20,148,759

19,809,695, SO.037,497

S7 15-16
5 p. c.

43>i
4 p. c
102 15-16

3811-16

Ftop. assets to

Bank

liabilities

p. o.

rate

Consols
Clearimf- House return

The

rates for

101

money hwe been

Bank

Sept. 28
Oct. 6
19
26

•'

Hot.

2

Interest allowed
for deposits by

rates.

Trade BlUs.

JBilla.

Four

Three

12

as follows:

Disc't ITse
Joint
Three
At 7(0 14
Four
six
Stock
Months Months\Months\ Months Months Months Banks. Call. Days.

London

«

38J<
2 P.O.
100 5-10

157.92.%000 137.075,000 146,762.000! 123,989,000

Open market

•

4 P.O.
101 1-16

4

Six

a — [4 a

-'4

a — 4Ma

4W34« 4Ka4Hl |4Ma5 4K35
3»a 3«9 -^4 ®l>i:4 a4H
3«a Siaa -^mM)4'3H<HH
a —
3X@ -,3H®4 3«®4

4Vaa5
4 »4ii

3H@m

3«
an

a

3^(34

8«

4«(a4M

3«33-5<
3 5ie-j6
3

5

Is

3~

4«® -

Messrs. Pixley

8

a—

SMdii

& AbeU write

'S'4'aii

3>i

3H-SH
8X-3M

Gold—The

1885.

Dry Goods
(Jen'l mer'dlse..

Total
Since Jan. 1.
Dry Gloods
Sen'l mer'dlse..

1886.

1887.

«1.292.992
5,551,154

$1,892,604
7.606,267

$1,622,712
6,524,073

$1,729,8681

$6,847,116

$9,498,871

$3,146,783

$7,133,4311

5,403,6^

*88,053,692 $102,389,796 $108,106,916 $112.472,79fli
245,369,059 270,635,459 298,805,622j 290,169,74.^

Total 45 weeks. $333,452,751 $379,025,255 $106,912,538

$402,642,53^

The following is a statement of the exports (exclusive 0I
specie) from the port of New York to foreign ports for thf
week ending Njv. 13. 1833, and from January 1 to date:
EXPORTS FROM NEW YORK.
1885.

For the week..

.

Prev. reported..

1887.

1886.

$6,431,943
278,901,815

.$S.257,483

268,974,399

1888.

$6,702,584
261,835,789

Total 45 weeks. $285,333,788 $277,231,882!$263,628,373 $255,948,97

The following table shows the exports and imports of specifj
at the port of New York for the week ending Nov. 10, anoi
since January 1, 1888, and for the corresponding periods ir
1887 and 1886.
EXPORTS AND IMTOBTS OF SPECIE AT NEW YORK.

on the

Imports.

£xportt.

Week.

state of the

Great Britain

recent arrivals of gold have found no purchasers in the
sinall

;

^Since Jan.l.

West

South America

dcm.and for home consumption has absorbed nearly all the
amounts of silver uffcrlng during the week, and tlie market closes at
43d. to-night. The arrivals are— £11,000 from New York, £28,000 from

$l,9f!

$6,&15.728
21,9110

2,695,31
],036,8('

24,999

6,323,969
5,100,864

467,432
742,638

9
2,668

247
425

1,332,41
42,8<

2,000

246,2!;
260,8i|

$33,499 $19,572,531

$5,340

$5,616,6'

6,668.578

28,331
1,632.107

5,506

All other countries. .

Total 1888
Total 1887
Total 1886

Since .Am. J

$3,000

Germany.....

........
Indies.. ........

Week.

Bhipped.

—A

$6,081,
249,86«,

Gold.

as follows

amounts purchased for India. The
Bank has received during the week £81,000. and £440,000 wore withdrawn today for South America. The arrivals have been from West
Indies £47,000, Chile £3,000, Brazil £4,000, Bombay £4.000, and Natal £39,000, or a total of £97,000
to Bombay, £27,500 have been
Sliver

'1

1888.

1

S«-S!4

bullion market

open market, excepting some

For Week.

35,329j

29.523

37,41.5.,390

3(1,291,6

21.1M7.2

1

1

.

NovjMBBR

.

1

1

THE CHRONICLK

17, 1888.]

XxporUl,

581

Impofit.

ntvon* vno rair ro«s.

auvtr.

Week.

\8inetJan.l.

$9,743,093
427,S&9
22,508
000,030

7,300

Kriiiu'o. ...... .......

a«nuaiiy

Weat Indies
Mexico
Hoiitli America

4,000

,

Wnc«/an.l$03,174
112,054

Mimtk.

129,883
24,780
908,340

I
16,580,747

U,28«,4iM Sll.484.188{ 44.788,88*
10,I88,«U SI.IBI.8O1I
11,117,631 «7377.7»7 88.480.984
88,614,351 ti»jm,ia»
7,580,019 88,518,S!» 41,007,8U
lS,t«8,«M *7,434,405 41,402.196

9,S39,227

«] 05,074
4,341

$1,823,1(75

2'JU,148

1,8I3.0:»

103,435'

8,6&4,L'84

17,H8.%

1,31)7,308

April

.

,

Of the above imports for the week In 1888 |205 were May
American gold coin. Of the exports during the same time Jnne
July
$:jOO were American gold coin.

— Attention

&

D wight

called to the card of Messrs. Hopkins,

is

Co., Cotton Exchange Building, This firm is one of the
old(st and best known in the cotton commission hueinesa, and
gives speeiil attention to tho purchase and sale of cotton for
future delivery in New York and Liverpool. They also give
attention to cottonseed oil and Southern produoa.

—

New York

City

Bank Statement for

as follows.

10, 1888, is

TVe

the weekending Nov.

omit two ciphers

(00)

in

all cases.

,

Capitol.

S

...

morlca

3,000,0

Pheuix

1,000,01

City
Tradeflmen's

1,000,0
1,000,0

Chemical

,

'.

Morclianta' Kxch'nge
Qatlatia National
Butchers' & Drovers'

Mechanics'

A.

Tradera

Qreenwich
I,eather Manufaot'rs.

Beveuih National
Btateot New York...
Amoricau Exchange..

Commerce
Broadway

300,0,
600,0l

1,000,0
300,0

200,0
200,0
•600,0
300,0
l,200,o!

6,000,0

Pacific

6,000,0:
1,000,01
1,000.01
422,7'

Bepnblio

1,500,0

Mercantile

Chatham

450,0

Peoples'

200,0!
700,01
1,000,0

North America
Hanover.
Irving

500,0
C00,0
600,0

,

Citizens'

Bassaa
Maikut

dfc Fnlton..
Nicholas
Shoe ,& Leather. .._
Corn Exchange

St.

,,

Oriental

Importera'

760,0,
600,01
600,0'

1,000,0
1,000,0

Oontlnental

& Traders'

Park

300,0!

1.600,0
2,000,0;

Klver

Hortli

Xtat Kiver
National
Central National
Second National
Ninth National
First National
Third NaUonal
K. Y. Natl Exchange

fmnh

Bowery

240,0
250,0'
3,200,0
2,000,0

300,0
750,0
600,0
1,000,0

300,0
2.50,0!

New York County
German- American.
Chase National.
nith Avenue
German Exchange...
. .

Qerniania
United States
Lincoln
OarOeld
PUth National
Bank of theJletrop..

WentMde
Sealioard

Sixth National
Weetorn National....
Total

200,0
760,0
600,0
100,0
200,0
200,0
600,0
300,0
2oo,o;
150,0;

300,0
200,0
600,0
200,0
3,500,0

Loom.
••

"

Nov.
'

Nov.
"

1.1
-ii
'27

3
10

27
,?

10

62K,'j:

12,588,7
4,376,0
11,08.3.0

228,9
6,630,8
133,1
1,251,5

2,941,5
19,708.7
3,375,4
5,576,0
1,896,4
2,227,0
1,195,9
3,278.9
1,367,5
3,934,8
15,560,0
19,850,7
6,654,1
7,213,1
2,641,8
11,135.0
4,913,7
1.919,4
3,974,1
13,430,7
2,958,0

28.S.0

153,4
87,3
504,2
75,7
487,3
1,556,3
3,138,5
1,530,9
633,6
311,2
820,4
517,1
237,5
467,3
1.012,9
260, 5
363,6

2,630.0
610.0
1,750,0
381,0
1,881,5
635,9
1,319,0
622,0
3,215,6
440,0
917,0
123,0
6,885,1
421,0
553,3
146,6
9,186,0
482,1
530.2
694,6
1,145,6
233,2
600,1
111,6
135,0
236,0
122,9
110.1
680,3
164,8
332.4
47,5
517,1
218,0
3,751,0
616,0
2,347,2 1.840,6
1.471.2
186,0
1,640,5
767,8
187,2
600,8
2.427,1
217,4
690,9
626,5
248,7
347,6
644.2
243,4
3,609,6
665,6
458,4
274,0
684.1
198,8
187,1
437,0
922,4
200,4
?.18,9
76,3
1,024,0
309,0
1,101,8
236,0
630,6
680,6
224,2
306,1
4,872,9
875,6
6,141,4
839,0
75,3
160,3
90.0
316,9
4,067.2
734,5
2,642,0 1,272.0
457,0
856,0
1,304,0
348.2
3,863,8' 1,494,9
1,540,0
132,8
162,2:
162.7
619,2
91,9
199,7
554.1
672,6
128,0
433,2
1,509,7
021,3
168,1
498,6
163,8
232,0
344,8j

12,340,0
10,519,0
8,447,1
7,478,0
12,677,3
3.779,0
15,594,1
2,763,1
23,093,4
4,019,7
4,744,3
2,000,7
2,4.M,0
1,156,0

Nov.
"

'

......

""

10

Specie.

LegaU.

10.983.B4e

80AI8.499

atJUOAM

October...

10,164,013

484M,99S

88.7t7MS

110,74a,»« 205,087.661 406.g40.4'18' 106,484JO4 885,5«»3.M7
809.077

Total...

ExpoKTS raox mew tore.

JP

oosTOMs RBoatrrs.

TMaX ttenkaiMH.

At Wm*

HoMk.

Tark.

MontK
U88.

18B7.

1888.

%
94,055,099
98,848,95;

94,478,887 Jannary...,
88,884,888 [••ebniary...

82,863.904

88,8(6,160

AprU

95.060,827

93.207,963 April
23,778,711' ;M»y

•

18.484,891

l>4ao.8!»

lUaroh

ll.Oe0,«8«
11,160,864

I

May

93,917,688

June

99,988.504
22810,761)
94,868.59f

28,374,791

94,506,401

95,338,876

^pteober.

19.194.964

27,951.65-

97.&72,80S

October

ll.l«»,84a

July

August
September
October

1887.

8

January
rebmary...
March

«7,891,S04j |jaly

845.4Sa.l6'J ;5e,0Z9.088:

August
.

.

.

Total

!

i4joo,raa
11.49044T

»,«69,080{ 10.»«7,a8»

June

95.623,035

11.788.880
18,098.817

IO,948,»4S|

ii.suj8a

14460,504
18354,748

19,814347
16.808380
18380.78*
19.88038S

121,907.050 197J98.947

Company

gives notics that
238 of the general first mortgage bonds were drawn for the
sinking fund in accordaoce with the requirements of articles
11 and 13 of the trust mortgage.
The bonds will be paid at
110 and accrued interest upon presentation at the office of the
Central Trust Company, The interest will cease on and after
January 1, 1889. The numbers drawn will be found in the
advertising columns cf the Chkonicle.

Anction Sales.

—The

follo-wing

auction b^ Messrs. Adrian H. Muller
Shares.

•JO

Iiniiorters'

&

at

SOig
Massaohusetta
2 Equitable Ga«-L. of N. T.125>|
10 R«al Estate Exchange A
Auction Room (limited). 119>4

40 Fuller Eleoirloal Co. of
N. Y.,oom
\~a vt
15 FuUer Eleoirloal Co. of f *"

^

Tradeis'

400

Nat. Blink

recently

:

Sharei.

Gallatin Nat. B'k, N. Y. ..256

32

were sold
& Son

100 Farmers' Loan &Tr. Co.. 530
100 Old Dominion 88. Co
66
22 Franklin Telegraph Co. of

134 Bank of America.. ..179-180i«

'..'

Jl^atiliing attd

Dei»»its.+ Circ'I'n CteoHno*.

$

$

CITY OF

722,328.9
367,105,7
68,3.132,6

871.138.2
539,072,6

14!),8B9,l!ll.233,0 .'',873,4 125,,036,2 6,062,7 102,015.7
151, .398.3 10.867,0 4,059,7 128,,148.4 6,113,6 109.704.9
161,160,9 10,S40,5| 4,261,1 128, 897,2 4,658,8 98,799,7

SIX

PER

Ifiuaucial.

BLUFFS, lOn'A,

COVIVCIL.

IMPROYEIHENT

CE]MT

BO.X'DS.

Is.sued for street improvements. Dated August and September, 188S>
and due In 2, 4, 6 uud 8 years. Denomination $500 and $1,000.
luurest pay ,iblo semi annually at the National Park Bank, New York.

Total ludebtciliiess of the oily, exclusive of this issne, $147,400.
95.526,0
95,U17.0

24,995,7
24.493,2
24,667,2

j,*,^' *""*t fivo ciphers in all these figures,
Oeiphia. the Item '- duo to other btnti."

FoREiax Trade op

326.0 •2,701,9
361.0 2,634,7
634,6 2,300,9

f Including, for

New York—Monthly

69.077.9
69,8311.5

58,730,6

Boston and Phlla

Statement.

—In

addition to the foregoing tables, made up from weekly returns,
^0 give the followiug figures for the full months, also

by our New York Custom House.
The
ment covers the total imcorts of merchandice.

Issued

44j88e.7la

10.S3S.680

i

397,24.3.2 8.5,050,0 28,882,0 414 469.88,519.3
.t94,053,6 94,'281.3l 28.n90,8U«l, 884.3'6,491,3
393,706.4;9-2,460.7 27,871,1,418 53.S,6 0,487,1
394,410,!llsiO,n(>3,l 2j<,114,0 417, 787,4 0,365,8
303,974,1 88,58-2,4 26,700,9 414,

!I5,794,0

-27
;>

41.0443ta

90.878.888
9B.44<,i87

87,008.079:

30 B'k of New York, 15. N.A.237>2
250 Tradesmen's Nat. Bauk.102
37 Nat. B'k of KepulilicN.V.loO
140 Nat. B. of Commert-c.l79»4-180
199 Mercbants- Nat. B-k,N.Y.145
223 Ea.st River Nat. B'k,N.Y.165

Fblladel. Banks.*

Oou

84.880,197
98,tl8,«08

10.1W.83V

1,377,7

13,986,0
14,090,3
6,086,3
8,147,4
2,977,4
11,296.3
6.207,2
2,837,2
4,264,5
14,641,6
2,985,0

8«b0MM4
8,888,805
io,s«».oeo

September.

2,70-2,3
.3,324,6

8UKIMS 4U

200 Nassau Bank, N. Y.152i4-1.'55
N. Y.,pref
J
709 Mechanic's Nat. B'k,N.Y.180"3
19 Old Dominion Land Oo.
2,7-28,3!
3,19.3,2
36 Chemical Nat. B'k, N. Y..
of Virginia
30
2.605,9
178,9j
2,941,6
3725-3805 100 Western Cardboard Co...
654,8;
4,007,2]
4,025,6
218,8:
2,047.5!
110 Union Trust Co., N. Y 587-801
$30 per abara
1.948,1
231,5!
3,023,0!
81 N. Y. Life Ins. & Tr. Co.. 600
3,701,0
IdGermanla Bank
231>s
7,038,0:
1,061,9
6,621,6
167 Eagle Fire Ins. Co
300
15 New York Concert Co.
254,1
4,682,0;
6,367,4
11 Howard Fire Ins. Co... 80>3
(Umited)
$30
per share
345,1
2,060.1
2,040,1
150Knlckerbockcr.Fire!In8... 80
20Coiimionwcalth Ins. Co.. P5
4,034,3 21,951,6
22,808,2
20 Jefferson Fire Ins. Co.. ..112
10 Lawyers' Title Ins. Co...ll5<«
1,738,2 19,678,41
24,025,6
North River Fire Ins. Co.. 89
33 United New Jersey RE. A.
100,2
2,020,4'
2,160,6 217
10
Niagara
Fire
Ins.Co.,N.Y.133
232 «4
Canal Co
124,0!
1,268.2
1,505,8
354 Peuneylvania Coal Co
291
50 Knickerbocker loe Co
»7>9
1,304,7 17,823,3
18,400,3
531,3
100 Consolidation Coal Co... 23
7.566.0
35 National Park Bank
10,99.3,0
184
212,81
3,632,0
4,613,0
100 Singer Manufacturlu),' t'o.301
Botias.
278,3;
4,991,0
6,477,0 300 Intemat'nal Ocean Cable
$21,CO0 3d Av. RR. of N. Y.,
5,875,8 21,317,8
21,099,3
Co. (guar.)
92
7s, 1890
105^»
217, 6l
6.760,9
6,107,0 340 N. Y. Prov. &. Boston RR.2III2 $87,000 6th Av. RB. of N.
Y.,
117,2!
1,555,7
1,342,9
la'TTerre Haute & IndiauapIst, 78, 1890
107%
36-2,4
2,405,0
2,714,4
olls RR. Co
92
.¥5,000 N. Y. Prov. & Boston
104,1
2,324,2:
2,926,4
40 Conejr laland <Sc Brooklyn
RB., 78,1899
129
211,8
2,686,4
2.570,8
RB. Co
565,7
69
7,776,6
$20,000 Jersey C. 78, funded.
8,594,9
652,1
60 Washington & Ooorget'n
3,871,1
4,005,1
1897
115%
368,1
2,430,2
2,958,6
BR. Co
415
$500 Worcester BB., 1st, 4a,
384,8!
2,464,8
2,829,1
160 Brooklyn City RR. Co .. 128'4
1896
65
601,1;
16,3!
4,316,5 1,236.8,
4,637,7 677 Oswego & Syracuse RR.
$2,000 Galre.ston Hotigton &
179,8!
2,948,9!
491,0
220,0
3,418,8
185-195
Co. (guar.)
Hon.,
1st, .")B, 1913
69%
23-2,5
2,259,0
411.7:
259.1
2,690,2
150 Rensselaer ic Saratoga
$3,000 Port Huron & Northw.,
243,0i
1,339.4!
212,2
1,70.3,7
395,2,
RK. Co
17014
RR., Ist, 78, 1800
IDS
4-.'!l,6
3,654,0i 1,058.8:
227,5
4,601,8
'201.0
338.0'
l,978,0i
274,0;
2,232,0 461 Memphis A Charlest'nRR 52% $6,300 I'ownshlp of Bernard,
128,0;
Co. Somerset, N. J., 7s.. 29
3,074.0 447 Mahoning Coal RR., prof.lOO
2,414,0
490,01
260,0
62,0
2,108,0 400 Mahoning Coal RR.,com. 41% $1 ,000 Tebo A Ncoxho KR. of
1.7i!0,6
125,0
646.0|
87,6 10,216,4
8,863,7
lOOLehlghA WUkesb. Coal.. 28
712,5| 1,421,5
Missouri, 1st, 78, 1903.. 93%

$

Boston Banks.*

vet.

l,H(i0,4

2,25.3.5

$

84.80TJ8a

8.8».8M 88J8a.SM 4i,I44JM

14.818,(

IIC,0«S,912

*l,7tS,l8a

ia,78»M4 88M8.778

88,06e.03«

—The Northern PaciQc Railroad

$

11,1&»,7M
j

60.762,7 51,686,0 393,974,188.582,4 !26,700,9l414,90-2.8

„ N. Y. Bank*.*

Oct.

S

s

2,0OO,0t 1,581,4! 12,370,0
2,050,0! 1,143,41 10,590,0
76«,9
2,000,0
7,795,0
2,000,0 l,6»4,ll
8,948,0

., ....

Mschaiilca'

Spwit.

I

Bank of New York
Manhattan Co
Merchants'

Loan*.

Sttrpliu.

40,888.987

11,740.448

Total

BAints.
(OOs omitted.)

85,367,540

Angast...,.

—The

National (Jas Improvement Company report that
only a small amount of their stock remains unsold. In consequence of this the price has been placed at f5 50 until November 24tb. For further particulars of this company the
advertisement in our columns to-day may be consulted.
The Homestate Mining Company has declared its one hundred and twenty-fourth monthly dividend of 20 ceats per
share for October, payable by Messrs. Lounsbery & Co.

Dn

ttM.

Jannary.,.,

rebruary
March

917B,300«11,57&,243

0«Hra<

Or»

lOl.OO'l
19I,I'J7

3,074
102,000

G8',&37
0Jri,957

All other couDtrlea...

Total 1888...
Total 1887. ..
Total 188G...

Wetk.

18110.

$lUS,00fl

OrfMii lliitaln.

)

.

,

first

$4,643,540 00
$18,000,000 00
35,000 00

ASSESSED VAUI.ITION, ACTUAL, V.VLVATION, over
PUPUIi.4TION,

.

.

GRISWOL.D
B.AIN

state-

3

•

Ot

OILLETT,

KERa

1

WAIiL STREET,

N. Y.

: :

;

.

:

THE CHKONICLE.

582

The following were

Site gawljjers' ^mttU.
DIViPENDSs
The following dividends have

Per
Cent.

Wtien
Payable.

Railroads.

& Quinoy (quar.)
Delawarp & Boiimt Brook (quar.)
North PcnnBylvanla (quar.)
iniscnllaneous.
PliUadelphui Coiipany (monthly)
Chlc.Burliiiproii

1

2
2
1

:

;

itielusive.)

Nov.

15 Nov. 21 to Nov. 30
1.^ Nov. 11 to
25 Nov. 16 to Nov. 19

Nov.

25 Nov. 15

Dec.
Nov.

at the

;

Boolcs Closed,

(Days

the rates of domestic exchange on
under-mentioned cities to-day Savannah,
buying J discount
selling | discount@par; Charleston,
buying j discount; selling par; New Orleans, commercial,
|1 25 discount; bank, par; St. Louis, par
Chicago, par
@25c. premium.
The rates of leading bankers are as follows:

New York

recently been announced

Name of Company.

to

Nov. 25

November

has been somewhat barren of striking evtnt?, with the exception of the cut in trunk line freights, which had a decided
It is always difficult for the pubeffect on the stock market.
to get at the merits or the scope of a railroad cut in its

and to ascertain whether it is a mere tkirmish of
in the jtresent ina day or the beginning of a long "war"
stance, however, everything points towards the improbability
of a serious trunk line war of rates, and the present difficulty
seems likel/ to be settled soon by mutual agreement.
The opportunity for rational legislation by Congress will
now be greatly improved. So long as the Presidential election
was just ahead both parties were so occupied with playing for
position that nothing could be done but now the election is
past, economic and financial measures should be fairly conearly stages,

;

;

sidered.

The

Inter State

in those respects where

it

A.ai8terdain (guilders)

Frankfort or Bremen (relchmarks)

Coins.

;

W^a

40.'<.n

9514^

95381

40''^,nJ>4li3g

gSSiaftS^e

—The following are quotations ingold for variouc coins

$4 35
Napoleons
3 HG
X XKeiclimarks.. 4 74
25 Pesetas
4 80
8))an*l» L>oubloouB.15 55
Mex. Doubloons. .15 55
Fine Kold bars
par

a$4 88
® 3 iiO

Sovereiiros

a
®

4 80
4 t'S
®15 70
®15 70

i

Fine silver bars..
Five francs

Mexican

Do

dollars..

uncouuuerc'l

—

94

»

—

—93 ® —
— 73%a —
— 73 Mi a> —

Peruvian sols
—liihn
EngUsli silver.... 4 80 a
a Hpreni. U.S. trade dollars — 72 ®

—

95

95
75'a
74ia

75

4 85

United States Bonds.— Government bonds have been
moderately active at the Stock Exchange, and the 4s have
made a further advance, while the 4^3 are uncharged. Both
the offerings to, and purchases by, the Secretary of the
Treasury have be^n small, the takings footing up $585,750
for the week, all 41s, and 108^ has been paid for a few
amounts.
The total payments made for bonds purchased from April
23 to November 10 were |112,891,453. The statement for
this

week

is as

Commerce law should be amended

has been foimd to work unfairly

Demand.

Sixty Days,

16.

Prime bankers' sterling bills on London.. i 85 ®4 8513
4 88ia
Prime coiunierolal
4 S3^a>i 84
Docuuu^iitary commercial
4 8:-i <*4 8313
...-.,
Paris (francs)
5 22>«a5 Zl'gS 18?ii»5 ISifl
.,...,
,

8TKKET, FRIDAY, November 10, 18SS-5 P. 31,
The Money Market and Financial Situation.— The week
WAl-L.

lic

XL VII.

[Vol.

follows

Hi Per

the

4 Per Cents due 1907.

Cents due 1891.

Oferings. Purch^es

.

Prices paid.

Offerings.

Prices paid*

internal revenue and tariff laws should be suitably revised and
{SbS.OOO
}SS15,0(X)
{200.000
lOSJi
modified; the provisions for disposing of the surplus by bond
0.550
108"^
261.000
343,000
318,000
88,000
152,200
108>i
purchases or otherwise should be made definite and certain by
110,1100 108H-1089«
110.000
180,000
the regulation of Congress.
242,500
217.500 lOSJ^ 1085^
218,800
The railroad reports now coming to hand for the year end80,000
S2,7j0
12,T00 1081^-1 U8>^
ing Sept. 30 are about wliat mit;ht have been expected.
1,2«9.203
685.750 I08>t-108^
1,667,000
Tonnage and passenger business has generally been large;
121-70-130
'4'1.80»,000 106M-106M
51,392.000
there is no failure here, but rates have often been low, so that
Still, it will be remimnet profits have made no increase.
The closing prices at the N. Y. Board have been as follows:
bered that the year 1887 was noted for its immense* railroad
earning?, and if the majority of roads do not fall behind their
N,v.
Nov.
Nov.
Nov.
Interest Nov.
Nov.
16.
12.
13.
14.
Periods 10.
The debusiness in that year they will be doing very well.
.i£_|.
•
faults in interest have been near a minimum, and if there is a 4Vl8, 1891
..reg. iQ. -Mar. 107 k 10738 '10714*10714 lO'-Jsi' 10738
.ooup.]Q.-Mftr. •1031.1,' IOSI2 108'4'108i4* 108 19 10818
strong agreement for maintenance of rates in the Southwest, 4>a8. 1891
...reg.'Q^-Jan. <i:7'4 12719' 12713 '127">a 127 <! 127'8
as it is to-day reported there will be, we may look for no more 4s, 1907
,coup.lQ.-Jan. 127'4 127''8 'I3713I 12758- 127% 127 's
4b, 1907
defaults on the roads in that section, and the railroad outlook 6s, cur'cy,'95. -.reg.:J. & J. 122
'122 1'122 1-122 I* 122
122
'125
125
OL J
J. -125
.reg J. &
*12.t'«i*125 I* I'iS
6s, our'cy,'96., ..reK-iJ.
in this respect will be much improved.
6s, our'oy, '97. ...reg. J. & J.*127is '1271a'' I27I3, "127 la* lvi7'a 1271a
The open market rates for call loans during the week on 69, cur'cy, '98 ...reg. J. & J. 1*130 130 i'130 '130 1* 130
130
stock and bond collaterals have ranged from IJ to 3 per cent, 69, cur'oy.'9S». ...rei.Ll. * .1 |m;12%. >13234i*i:i2ii3i'H2%'' 1-234 132%
and to-day the rates were 2@2i per cent. Prime commercial
* Tills is the i.rle« bid al the morulug board
no sale was made.
paper is quoted at Ai@5 per cent.
Urger bu.'siness has been
State and Uailroad Bonds.
on
England
weekly
statement
Thursday
showed
The Bank of
done in State bonds this week than for a long time past, and
a loss in specie of £46,000, and the percentage of reserve several classes have shown considerable animation.
The Virto liabilities w;is 38'40, against 36-52 last week; the discount
ginia 6s deterred and trust receipts for the s^me have been the
The Bank of France
rate remains unchanged at 5 per cent.
most active, the latter closing to-day at 10 against lOJ last Friday.
lost 1,876,000 francs in gold and 375,000 francs in silver.
The railroad bond market has been characterized by a fair
The New York Clearing House banks in their statement of general business, which has been well distributed. The tone
November 10 showed a decrease in surplus reserve of $2, 172, 650, of prices has been firm to strong as a rule, and the decline of
the total surplus being #11,557,600, against |13,730,250 the
little or no effect upon the bond marker, except in
'

'

:'

.

'•

i

I

I

;

—A

previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks
1888.
Nov. 10.

Diffr'ne's fr'trt

1887.

Prev. Week.

ifor. 12.

1886.

Nov

13.

stocks had
Erie 2ds, which are ubually more sensitive than
a few cases.
One feature was a
others, declined a little, but recovered.
brisker business than usual and an advance in iome of the St.
Paul divisional bonds, aud another was a decline in Atlantic

&

Pacific 4s.

—

Railroad and Miscellaneous Stocks. The stock market
has been more active this week, the activity being at the

expense of values early in the week, but with a decided recovThe week opened with stocks unsettled, and on
ery later.
Monday afternoon a decline commenced, which was continued
This was caused by the announcement of
until Wednesday.
a war in rates among the Eastern trunk lines, the Vanderbilta
being the special olij':cts of attack, as the cut was reportedoa
those lines, and Lake Shore was particularly weak, declining
All the active stocks suffered
to 98f on Wednesday morning.
11,557,600 Dec.2,172,650
8,587,400'
•,891,350 more or less, and the whole list was unsettled, though a few
Surplns reaerve..
£xcliange. Sterling exchange was quite active for a time, held up remarkably well, considering the pressure upon the
the demand coming from arbitrage houses on account of foreign market. The tone improved quite sharply on Wednesday
This demand fell ofi latterly, however, and there was great strength developed in New England, whicn
selling of our stocks.
Rates have been strong and advanced five points from the lowest, though, as usual with
leaving the market dull but firm.
higher for actual business, and some drawers, who had not tU;s stock, there was no adequate explanation for the movepreviously done so, advanced their posted rates to the higher ment; but with the annual election in December it is supposed
Posted figures to day are 4 85@ that some development may occur as to new parties in control.
figures quoted a week ago.
Among the grangers. Northwest was specially weak, being a
4 85J and 4 88i.
To-day the rates on actual business were as follows, viz. Bank- Vanderbilt property and declining with the others of this
The coalers have been fairly maintained lately, and
group.
ers' 60 days' sterling, 4 84i@4 84i; demand, 4 87f@4 88.
Cable8,4 88i(g4 88}. Commercial bills were 4 83i@4 8:ii. Con- their future course will depend much on the demand for anthratinental bills were: Francs, 5 211(^5 21J and 5 18J@5 18i; cite in the next two months.
To-day, Friday, the better tone was fully sustained, and
reichsmarks, 95i@95| and 95|(a95J ; guilders, 40@40 J and
to firmness were the general orders of the day.
steadiness
40i@40f.
60,7C>2,700

Oapltal

51.586,000
lA)anii and dlsc'te 393.974.100 Dec.
4;5«,800l351.937,300 341.94(;.800
88.582, 400'Dec.l,480,7U0 74,801,700 78.0()5.20>
Specie
5.322,30(i!Dec.],043,500|
8,030.300
Circulation
8,116,100
414,902.800 Dcc.2, 884,600,356,268,800 351.719,400
Net df-positB
26,7G0,a0(.[Dec.l,413,100| 22,852,900j 17,816,000
Lei<al tenders
103,725,700 Dee. 721.150 89,067,20ol 87.929.850
Legal reserve
115,283,300:Dec.2, 893,800 97,654,6001. 95,8i;1.200
Beserve held
Surplus

—

:

.

NOVKKBEB

I

8

. .....

THE

17, 1888.]

(;HttONlCLE.

688

EXCHANGE KOK WEEK ENOINQ

.HlOCKS-l'RlCEa AT N.T. STOCK

1

1

AND HINCE

!VOV. lO,

HIOai8T AMD LOWEST PBIOEB.
STOCKS

KR.

.irlive
AllaiiMi

,V

Purtllo
...........

& O.,
JJo l«l \nvt.
Do 'J(l |uvf.

Nov.

!)0>9

DO
•10
•17
•ITHi

ocrt

rcciri?.
riMirK'.

cort

iNior^f.

cert.

I

Do

SI*

prof

90 U
UG
20
IS
1S»B

110:Ulll
43
4.S

97 « 97%

MUwuakee <& St. I'aul

.UloftKO

12.

Do

prof.

OMoaico Js Northwestern

Do

prof.

Obloago Book Island il Pitcitle
CUoaxo BU Louis ii fllUliurx.

Do

prof.

10(1 'a

mi's

107 4

107

lOS

•ID'S
•BO'S

Delawure Luokawiuiiiu & West
Denver Rlu O., assessiu' t pit
^«^

Do

pref.

Bast Tennessee Va.

Oa. H'y

A,

Do

Ist pref.

Do

2(1 pref..

BvansvUio & Terre Haute
A Denver City
Qreen liay Wiuonai& bt.Jt'aul.
lUiuoU ( Neutral
Inil. Bloom. & West
KlnKstoii it Pembroke
Lake Erie As Western

•20

137%

24 la
•86

10

110:1911114
43 14 4314

97 14

«.)"s

98
00 la

'a

107 14

'100

Do

pref

Lake Shore & Mioh. Southern
Long Island
Louisville & Nashville
Louis. New Alti. & Chicago...
Manhattan Elevated, oonsol..
Miehi^ivn (central

I519

30

38%

10.') 14

931a
*5S

100
931s

00
20% 27

10>s
731a

no
7313

21
85

89

95
52

pref...

•91

A,

Do

pref...

53
9:2 >a

54
92

141a

12%

8
141a
1319

7739

77%

•6
•14
12^8
76I9

*i)ia

1013

'9

St. Louis. .

Missouri Kan.sa8i& Texas.
Missouri i'aclHo
Mobile & Ohio
Nash v.ChattanooKa&St. Louis

871a

•82

•82

84

New York Viitral & Hudson 109% 109% 109
Hew York Uliic. & St. Louis.
I914 I914 •19
•74
Do
Ist pref
70 la •73
Do
•4313 15
13
2d pref.
Hew York Lake Erie & Wcst'n 28% 28^8 28
Do
prof. *04
06
6113
New York & New England
4519 45^8
45 19
I6I3 I6I2
New Y^ork Ontario & West
I614
•958
Hew York Susq. & Western.
913
9%
Do
pref.
33
321a 33
(

.

Horfolk.!: Western

Do

•1713

pref

Honliem Paoiflo

Do

pref

Ohio & Mit^sisslppl
OreKon A Tran.-t-Contluental.
Peoria Decatur A Evau.sville.

18

181a

30%

•12

33 la
371a

3013

8'^ 90%

90"ii

10

•15
•10

•93
561a

9%

85

21
81a

117
2914

17 14
52>4

103 19

93 la
5939

•11

151a

3^

37%
93 19
57'e

Pa

933a

92

101*

84
110
20
76
45

231a

86

95
83
52is
•5
•1419

311a

20

63 4 65%
100 10U%

42% 42%
974 974
G17h

108

107
14

12=9

75

37%
874
27
17
48

9% 0\
73% 73%
234 23%
•85

89

7%

58
27

58
27

•17
•46

137'<s

18

83

9%

73%
23%
89

7%

•914

10%
82 la

10779 108%
184 I8I3

72
41

84

4SI9
28'^
7913

4914
29I4

13

63

454
13%
9
3258

1779

•174

504 51%
20% 26%
59% 60»8
22
22%
29% 3039
24% 25%

504
2638

60

22%
2979

24%

47

'.

&

Piifiilc

Laud

Do

ffheelinic

tt

pref
Lake Erie, pref..

raixcellaiicooH Stockn.
OoloradoCoal it Iron
OonsoliduKMl Gas Co

Delaware & Hudson Canal
Oregon IiuprovementCo

pref.

PaolHcMail

Nat

3413
8113

6339

6439
I413

14%

•72

103
93>a

80

I413

274

94

ei^B

35

31% 34 13

31

sm

8II3 8214
81
118=8 118»8 118

73
105
91

72

72

10313 103 13
9314'

93 13

37% 38 39

84
170

80
169

80

70

•26

27

•86
•21

•74

45

40
94
85

84% 36
53% 53%

'103

x79

83

1491314913 11979 1497j 14841484
111
•111 114
112 112%
'78
79
79
80
78% 78%'
'137
143
138 145 138 145

'.".'
& Co
Inactive Slocks.
American Tel. Jb Cable Co

WeUs, Fargo

Atchison Top. &SaiitaFe
Olnoinnati Wash. & B;Utimore.

„ _I>odc
orris

pref.
Es.se X

New

llavcn & Hartford.
Ohio Southern
Oregon Short Line
H. Y.

••itte.

Ft.

Wayne &Chlo

v.uick8ilver

232

Uo

.

tTarlona Stocks, &c. (Unl

Anier. Cotton oil Trust
Un" (\TtlilcHtcs

Plpw

;

234
151

»%

38

I

130%

1.50%

37

10
37
47

•8

•44

Alrou
pref

3%
•232

2%
4%

12
21
3559

354
95% 95%

8%
9%

21

3539

95

isted.)

54% 55%
85% 80

56
847,

8%

12

814

6239

6338

•24
•3%

2%
4%

•14

12

Hooking Coal....

cnnessee Coal

24

•14% 15% •14
15
43
43% 44% 46

20

,

64% 66

232

Lolumbus
-

80% 814 80

235

36

it

85%

•24
2%
•3% 4%
143% 143%;

•8%

Mining Co

•13

62%
48%
15

IIH

2,081

573
2,900
-Oi)

1,240

149
100
600
857
4,525
157,96.)

222
12,397

11% July 23 17% Sept. 29
29% Mar. 31, 41 Sept. 28
32% Apr. 2' 42% Sept. 2»
June

13

14%

26% 26%
60% 614

63%
13%
26%
60%

103

79

102

93

93

37% 38%
74

75

148
113
*7S

137

148
113
80
145

147
111

78%
138

148 l*145
113 ,112
79
77
138 137

41,950
1.150
114,820

082
270
7,805
1.355

6078

45.5 1
2,415

I

3

12% Mar.

145% Oct
23

2
22
2

Mar.
8% Mar.
.55
Mar.
174 Apr.
84 Mar.
21 Nov.
7 Oct.
114 Mar.
9% Mar.
2779 Jan.
12% Mar.
404 Apr.
854 Apr.
87% Apr.
50% Apr.
30 Apr.

1

6

Jan.

55% Oct.
1 1 4 Oct.
83

1

3
Oct 25

27% Oct. 3
22 90% Sept 11
13 46% Jan. 8
L

30

12

July 25
8

5 123%AiiK.

28

19% Sept. 13

16

37

22

% May 1
l»%8epL29

2 5578 Oct.
2 10179 Oct.

2
2
1-

31

1
1

June 25
64% Jan. 9
45 Oct. 13
98% Sept 11
92% Oct. 1
80 Jan. 1»
104% Jao. 5
979 Apr. 30
184 Apr. 30
18% Jan. 8
89% Jan. 3
13% Jan. 27
85% Sept 4
111 Sept 28
95

20% Oct 28

22%Mnr. 9 30% Oct
52% June 13 67% Oct
29% .M.ir. 22 534 Oct

I
1

S
14 June 13 19 Sept 12
7% Mar. 28 1 1 % Sept. 12
26 Apr. 2 37% Sept 29
15% Mar. 24 234 Sept 13
41% Mar. 31 58% Si pt 19
1979 Apr.

3

29%8.ptH

42%Mar. 31 64 8<-pt 11
17%.Mar. 27 2(>%8cptll
30% 51,163 174 Apr. 2I 32 Oct 1
25% I,30.. 15% Apr. 2| 28% Oct 1
4878:297,7i.5 47
Nov. 13 5479 Sept 9
28% 3.'',2Gni 19 Apr. 2 29% Oct 24
23

81%
90
27

66%
113

38%
98
104

23%
64%
13%
26%
60%

105

92% 92%
37% 39
76

.May

80 61% July 6 7679 Oct 16
850 28 Hor. 31 45 Out 24

50%
26%

!J3%

61 7e

110%

65% Apr. 2 95 OoC 23
42% Apr. 2 65 Oct. 1
17
Mar. 21 36% Sept. 11

3,690
1,400
1,070

1,550

5

Feb. 24
Apr. 27

I.1II7
21116 Bciit 4
31116 Sept. 29
5 114%.l»n. V7

44

1,340
1.860

18

76

1694 167% 167% 167% 167% 169 169%! 170 170
8439 8538
83% 84% 8379 3459 84% 84%| 8379 84%

81% 81%
664 664

*150

. .
t.

27

23%
644

41
2678

6

78

150
115
79
145

55 jan_ ^1 j<0)4Oct 24
70 82% Fob. 13 94% July 25
24 Mar. '27 30% Jan. 5
5,350 63 Apr. 2I 74% Oct 5
4". 105% Apr.
3 116^8 July 19
2,389 354 Nov. II 04% Aug. 4
32 89 Mar. 29 103 Jan. 28
9211 94
Apr. 2 114%Jan. 23
12,000 ISTgJuno 6' 20% Sept 8
100! 22 July 7; 23% Aug. 3
08,'.J05: 48
Apr. 2; 06% Oct 10
'
"
4001 12
Jan.
Mar. 27 16
3
Mar. 24 30 May 1
2,'2O0 21
3,470 44% Jan. 3 62 Oct 5
7,975!
1,700]

"

90» 30% Apr. 2 387b
3.174 08%MTir. 29; 83%
2,622 103 Jan. 3 120
121 45 Mar. 29 77
133 101 4 July 2 107%
3,3'23 844 Apr.
2 97
6,893 28% Apr. 2 40%
810 74 Nov. 18106%
1,083 1354 Apr. 3 175
41,5341 70% Apr. 2 86%
690 137

Apr. 12 155
08 106% Mar. 22 113
Jan. 41 82%
352I 67
5 128 Jan. 19 143

Feb. 17

Sept 4
Aug. 28
Out 6
Aug. 8
May 2

Oet

1

Feb. IS
Sept 20
Oct.
5

Oct

4

Nov. 14
Oct 11

Juno 33

I

Do.
pref
Louis Alt. & Terre Haute
ot I-ouis Ark. c& Texas
= outh Carolina
5

45
95
80

18%

92% 93
3679 37%

92% 93
3679 37%

Adams

Onitedstates

17%
304
174
51%
99%
93%
57%

604 61
•33% 35
35
314 34% 3-1
814 •814 81% 81% 81%
81% 81
118% 118 118% 118% 119% 11878 11879
•71
72
72% 72% 72% 70
72%

170
85

American

116

27

Oct.
Oct.

lie
1:1-1

1,268 lOO

lOO

84

34

Pullman Palace Car Co
Western Uuion Telegraph

Express Stocks.

89

74

1839 IS'9
184
72% 72% •71
40% 40% 40
2739
27% 2759 26%
•62% 63% 62%
63
4779 4939
477,,
47%
15% 14% 14% 15
94
94 94
33
33% 334
•17
18
18% 17
514 50% 51
49%
2639
26% 20% 26%
60% 60=9 61% 60%
23
23% 23
22»B
30iS9
30% 30
29%
•24%
25
23
25
484 4779 48% 47%
28% 284 29
28
80
80
81% 79%
90
90
20% •26% 27% •26
06% 66% 67% 65%

6139

103% 105%
•80

94

.Ian.

I''

Apr.
1.713 100%. luly
2,75ol

I
I

I'l.

Mir.

.>

1,000

75

63%
634 61%
14%
13% 13% 14
26
60

73.(;

OcL

I

.

26

73%
23% 23%

1
1

30

-JOhiOct.
_•! I,
Oct.

1.1

20

40%

64

27
61

37% 37%

Gas...!

65 14

2736
611a

118% 118%

Do
^
Oregon Hallway & Nav. Co...
Phlla-lelphla Co.,

0519
•1414
2739
6II4

.1..1V

•_'_',

1(

'.vr

130% 137% 87,562 123% Apr.
200 15 J.dy
16% 10%

18%

Trn.'jt..

Uniou Facillo
Wabash St. L.&Pacltlo

10

9

2079

919
94
32% 32%

July 17

10% Aug.

5.-'

I,42.>

5

40

46

11

43(|l
.01-''

50%

•93% 93

'40

I.Vmi

!>0%

•72

$

.

100
150

15

in%.T»n. 10
n-jiT.r.n
'

620 77% Jane 12
72 Apr. 2
•51
54%
48% June 18
91 93
93
93
83 Mar. 27
•5
8
379 Mar. 28
7% •3
7%
•13
16
16
15
100
9% July 6
1339 1359
13% 14
9,232 10 June 11
13% 14
754 77
764 77% 75% 78
34,346 67% June 12
*9
10% •9% 10%
10%
6% Mar. 29
81 83 •81 83
82
800 71 Apr. 2
82
107% 108% 1084 108 »6 108 108% 15,695 102% Apr. 2

85%
51% 54%
91% 93

74% 72

43

•15% 16%
1779

45

307
7% Apr. 3
av) Si"" vnv. 13

47

94
•72
2.i%

8

84

82

107

107
•13

14

38% 36% •37% 38
•37% 38
37% 38

38

47%
48
2-58
27-'58
RlohmondA WestP'tTermlual 29
29 14
28 4
8II4 81%
Do
pref.
80
81% 79
80
Borne Watertown&Ogdeusb'i!
90
89% 90
90
90
St. Louis & Sau Franclseo
2534 ;!058
20%
25% 26
271a 271a
Do
6478
prof.
.0739 67:<8
0513 6714
61
66
Do
Ist pref. II219II2I2 112
114
110 112
110% 110% 112% 112% 112
Bt.Paul.b Duluth
43
43
42
334 39% 33% 37
42% 43
40
38%
Do
•97
pref
99
99
St. Paul Mi uneftp.& Manitoba
10-1 la 10513 1051a 103% 103% 103% 103% 103% 104
104
lom
r. \a.<&Pacillc
24 13 24 13 24I9 24»6 23 »8 24% 23% 2378 23% 23% 23%
Phila. Ji aea<l. Vot. Tnvit. Cert.

lixin

aixhwii

0,"::
0.1

68..-

106
•10.-i% 106%
110% 109%110V 109% 110%
1421a 142% 142% •141% 112%
I4I3

561s
2019

94

16
13
76

6"il

101% 101% •101% 100
105% 105%
93
93% •92% 93% •92% 03%

•40

511a
9215
8

4139

23% 26 14

33%

•21

43
95
86

26% 27%
62% 64

33 14
18

9136

42% 42%

421a

05%

88

52%
90% 91%
31% 34%
19% 19%
82

97 Hi

107

•35 13
3719

21
8

05>4
I6I4
9i«

I103|f

8%

•84

16% 16% •1(1
17
17% 17% 17% 17%
110% 111
110 110%

135% 130% 13638

10
73 la

45iSe

28''s

184

•33
•19

88
83

115% 1164 •115% 117
116
17 18 •15 17 •15 17% •16
28% 29 14 *2S% 304 •28% 304 •28%
16% 16% 17% 17% 17% 17% 174
5II4 5214
51
52% 52% 52% 51%
9838 9979
98^8 101
99 100% 98%
•92
93% •92
94
921a 921a •92
57 14 58
5739 58
57% 58
57
41

77%

19
17

107
•12

8
•1151a 1161a

47
95
89
55
8
lOia
1319

38 la

1'.)

101% 105

731a
23
85 la

27 14 27;>8
60 78 01^8
23 14 23 13

•25 la 20
48^8 4938

•8IS9
52'H

10t>%110i4 110
42
43% 12 >a
97 '4
D6''9 9078
64 »9 651a 61%
lOtiHi 106 la, loo
10939 noia! 10;i

lOia

51% 51%

23i«
3138

Sahi

30
19
I8I4

731a
211a

2739
6138
2319

61%

n't

52

17
•46

51% 52 14

2739

541a
•3.->

271a
25% 26
las^s 1371a 13939 135-9 137

7 '8
7'8
8
II714 II714 110
18
18
29% 29% 2914
•1714 18
17 14
52I3 53
5214
103 10314 101'^
'92 13 94
*92ia
5973 59
5839
12 46 'a •41

Lake Shore & West...

90

1121411214 •1421a U3
107 "a 108
100% 107
3SI9

•18% 20
•48
50
•10
73 la

17
18

3

59

891a

20

Fort Worth

Do

LoweM.

Nov. 16.
•8

Sl\ 32%

17
IS

37

lo:>^ 105.\
•93 ig 04

Uiuueapolis

Week,

Friday,

8I4

84

20

mia •13

prof.
Do
Iiiil. St. Louis <fe CUlo..
Ulevelanil (:oJ.('tu..V' Iiullnnap.
ColuiLliua Ilockiut; ViU. &Tol

89

30%

94
35 14
ID

•301.1

SSHj

•liSia

Ctnclii.

83
54
90 19 90^1

lilOs; 110^8 112

1121a 11314

OtUcaKoSt.PaalMln. i&Oiu...

Mil.

Bang* Mom Jan. I.IDM.

of

Wednesday, Thnndar.
Nov. 1-1.
Nov. 15.

1:1.

814

8>a

54% 84%

53^ 5t

-aKK IliirlliDttou A (iutuoy
Liiniijro tc Ku«t. llhiioU
'

Nov.

'8»a

New Jersey.

Im ..>i..i;.ki>

I

Nov. 10.

Tuudav.

•55 '9

l':i

(

HoiuUy,

IMa.

1,

Stocks.

CXiI(:i<ll:ill I'lU^ttlc.

I

Batutday.

JAN.

232

15%

43% 44%
151
•8

38

42
8%
•9

21% 21
36% 34%
95% 94%
5779 54%
864
S67«

9%
38
47

8%

11%
22
36

814
63
64%
•24
2%

•SO

•3% 4%'
143% 143%

81% 81%
63

•24

3%

230

234

•11

18

"14

44
149

44%|

230

•8

149
10

37% 37%
"sii

11%

21%

217g

94%

364
95% 95%

86%
874

55% 57%
85%8e79

35

Tbese are the prices bid and asked; no sale was made at tbe Board.

,'

2%'

4%
2.34

15%
43% 44%

149
•8

37
•42

•s"
-9

814 814
64%' 63
64 4

•9

151

9%

•149
•8

•4i

11

•9

95

57%
85% 86%

Prtoea

234% 231 %|
•14
16%
42% 42%

47

35% 35%
547,

2%
44

151

»%

37% •36% 38

21% 22%
•94

•24
'3%

•7%

8%

11

3»7g

98%
1.1
u 58%
54%
84% 85%

from botb ExobangM.

82

Jan.

Sept 28

99% Felk 30
4% Jan. 9
June
6% Feb. 34
44
61 135 Jan. 3 I4.'S% Sept 7
OeX 39
4
234%
157 215 Jan.
61 79

7,518

50

1

Oct

178 Aug.

10 Mar. 22| 17% Sept
4,015 13% Mar. 26 46 Nor.
172 149 Nov. 14 185 May
9 Mar. 191 13% Jan.
i.ooo 33 yiM. 3ll 41 July
1

35

47

•21% 23
35
95

U4| 70

206
100,

8 % Nov.
6% Aug.

200; 17

21,030

Miir.

24%

787 94

39
19
14

IS
17
1
167g Jan. 16

48% Oct

27
I'i

13 12% Out 37
Mar. 22 30 Jan. 9
Apr. Sl 36% Nor. 13
Nov. 31 95% Oct 38

Mar. 21 57 7g Nov. 13
123,7951 25
M«r. a
.y.o^.ono 71 % June "7'10»
1

.

THE CHRONICLE.

5S4

BONDS-LATEST PRICES OF ACTITE BONDS AT

Sange since Jan.

Oloiing.

Bailroad Bonds.

Nov. 16 Kov. 9

* i*ao.—W. D. Inc., 68, 1910 ZCs
79''8
Gaar., 48, 1937
i-VaKa
Can. Boutli.— let guar., 58, 1908 106%b.
92
.-- •
2d, 6b, 1913
lC5i2b.
Central of N. J.— 1st, 7b, 1890
120 b.
Consol.7s, 1899
Il20ial)
Convert. 7b, 190!i
10bi«
General mort., 5s, 1987
A.U.

2719 Jan.

19

Apr.
7913 Nov.

84

May

Range

Closing.

1.

104% Aug. 108 % June

Railroad Bonds.
.Yoo.

16

jVor.

9

siTiee

1888-

Jan,

1.

Highest

MU. Lk. 8h. & W.— l8t, 6b, 1921. 118 a. UT'ea. 117 Nov.
Mllw. & Nor.— M. L., 68. 1910.. IO914 109
1051a Jan.
108
107% 104% Jan.
Extension, Ist, 63, 1913
91 June
Minn. &8t. L.— 1st, 78, 1927.... 95 b. 8613
61 b. 57 19 June
Mo. K.&Tex.—Con., 68,1920... 63I2
5314
5913 Mar.
58%
Consol., 5s, 1920
9114
913^
Consol., 78, 1904-5-6
881a Oct.
MobUe A Ohio—New. 68, 1927 .. 113 b. 114
1081s Jan.
*8 b. 48
38 June
General mort. 48, 1938
9ti4b. 84I9 .Ian.
MutualUn. Tele.— S.f., 6s, 1911 9414
Nash. Ch. & St. L.— 1st, 7s, 1913 129iab. 129 %1». 128% Jan.
N.Y. Central— Extend., 5s. 1893110414 103i-3b. 103 May
N.Y.C. (feH.-lst, op., 78, 1903 136i2b. ISOisb. 132% Jan.
Ill
Ill
lOSiaApr.
Debenture, 5s, 1904
ISOSgb. 1301a
I2719 May
N.Y.&Har.— Ist, 7s, 1900
9178
8614 Jan.
N.Y.Clilo.&St.L.- lBt,48,1937.. 92
117
117
h.
114 Mar.
N.Y. Elevated— lat, 7s, 1906....
N. Y. Lack. & W.— Ist, 6s, 1921. 131 14b. 131 b. 127 Jan.
llliab. lll%b. 1077e Jan
Construction, 58, 1923
107 lab. 10238 Jan.
N. Y'. & Nor.— Ist, 58,1927
109 Jan.
N. Y. Ont. A W.— Ist. 63. 1914.. 113 b. 112
94^8
90 Mar.
N.Y.Sus.&W.- l8tref.,5s, 1937. 9413
113
b.
11319b.
109 Apr.
MidlandofN.J.— 1st, 68,1910
lieiab. II219 Jan.
Norfolk A West. -Gen., 68, 1931 116
117
ll5i9Jan.
North. Pacific— l8t,coup., 68, '21 I1719
HO
102 Jan.
1091a
Gen'l, 2d, coup.. 1933
100
lOOkb.
89 June
Gen'l 3d, coup. 68. 1937
N. Pao.Ter.Co.— l8t, 68, 1933... 105 b. 105iab. 99% Jan.
117iab.
114i9Jan.
OhioAMles.—Coneol.,78,1898.
116 Apr.
119 b.
2d, consol. .78, 1911
OhioSouthern- Ist, 68, 1921. .. 105 b. i05ii'" 9919 Jan.
44
29 Mar.
2d,lnc.,6s,1921
Omaha* St. L. -Ist, 4s, 1937.. 74 b. 74 b. 70 Mar.
Oregon Impr. Co.— 1st, 68, 1910 107 b. 10614b. 9414 Jan.
Ore. K.ANav.Co.— 1st, 68,1909 Ill b. 11014b. 108% Feb.
10319b 104
OtiH Jan.
Consol., 5s, 1925
93 Jan.
Oregon A Trausoon.- 68, 1922.. 101% 101%

—

1,

Lowest,

Mar. 96 '8 AuF.
Aug. 1081s Jan.
Oct.
Jan. 121
Jan. 12319 Apr.
Jan. 10638 June
117 b. 1121a Apr. 117 Oct.
Len.&W.B..con.78,1909,aB'nt 117
June
Am. Docli <& Imp., 58, 1921. .. lOS^i 108 14 lOliflJan. 109
II6I2 June
b. llSisJan.
115
1898..
68,
Central Pacitlc— gold
113 1>.
1131s Apr. II6I4 July
Ban Joaquin Br. 68.1900
101 b. 101 b. 100 Apr. 103% Jan.
LandKrant68. 1890
103 b. 103 b, 101 13 Apr. ICSH Sept.
Hurt. 68, 1936
'98
312 b.
IO514 Feb. 114i4Feb.
6b,
fund
Clies. & O.— Pur. m.
8016 Sept
77'4b. 'YsHb. 6214 Mar.
68, gold, 86r.B,1908,reorg.cer.
78I3
7758
62 Apr.
801a Sept.
reorg.ecr.
Ext.coup., 4b, 1986,
32
ICs Apr. 34I9 Oct.
6«, currency, 1918, reorg. cer. 31
114
b.
114%
Nov.
115
a.
OOifl
Jap.
Mori. 6e, 1911
ice's 10314 .Var. llOia July
OUeB. O. &8o. W.— 5-68, 1911 ... 106 "a
Jan.
103
-----.-•
97
Oct.
1926.
58,
CUo.Bur. & Nor.-lBt,
CWo. Burl. & Q.— Con. 78, 1903. 132 "ab. 132''8b. 1291a Jan. 134 June
10218
101% Nov. IO7I9 Feb.
Debenture 5b, 1913
^S^"*..
91 b- Ol"*
901a Sept. 95 Jan.
Denver DivlB., 4b, 1922
b.
b.
91
91 Sept. 97 Jan.
91
Nebraska Ext. 48, 1927
113 Jan. 119i4 0ct.
CWc. & East. m.-Con. 68. 1934 llSisb. 119
9714b.
Oct.
....
97%
911a May 101
Geu.consol. ist, 58, 1937
Chic. & Ind. Coal K., let, 58, '36 103 b. 103isa. 98 Apr. 10319 Oct.
115
b.
119
Apr.
113%
Oct.
ClLMll.&Bt.P— Ist, Life M.78,'97
125i2b. 126
123 Oct. 128 May
Consol. 78, 1905
Feb.
l«t, So. Mln.Div.— 68,1910.... lll>8b. llOijb. 10719 Sept. 114
104
101 13 Jan. 107 Aug.
let, Chi. & Pae.W.Div— 58,'21 104 13
b.
May
101
104
9812 Sept.
WlB.&Min.Dlv.-58, 1921....
101 b. 102 b. 100 Jan. 103 June
Terminal 58, 1914
1441-3
141
>ib.
144
Nov.
>ii
139 >9 Jan.
Ohio. & N. \V.—Consol. 78, 1915
13114b. 132
126 June l32ia May
Gold, 7b, 1902
118
b.
118 Oct. 121 Feb.
Blnklng fund Ob, 1929
107%b. 107 "ab. 106 Apr. Ill Feb.
114 b. 106- Jan.
BlnkluK fund 58, 1929
Peo.Deo.A Evans.— iBt, 68, '20.
BIuMngfund debent.58, 1933 109 '4b. 10938b. 107 May. 112ie Sept.
Evansv. Div Ist, 6s, 1920. 104"b. 108 a. 102 Mar.
lOSiab. 10b lab. IO3I2 Nov. IOOI9 Apr.
69 May
73 a. 73
26-veatd6beut.58, 1909
2d mort., 5s, 1927
94''8
9513
98 Aug.
8838
88 Oct
Extension 4s, 1926
911s Miir.
Phil. A Read.— Gen. 4s, 19,58... 88%
Juno
85 14 Aug.
90
89 'a
Ohl. R. I. & Fac— 68, coup. 1917. 133 "sa. 13:ii2b. 130 July 134
1st pref. income 5s, 1958
106'8
lOe'^g
76
104 Mar. 108 May
75%
Exten. <t col. 58, 1934
691a Aug.
2d iiref. income 58, 1958
5919
Aug.
62%
1958
Oh. Bt.P.,M.& O.—Consol. 6s. '30 122 'sb. 12214b. ligiaJan. 1231a May
pref.
income
53,
631a
3d
97
95 Oct. 100 la Jan.
Oh.St.Ii.A Pitts.— Ist.con. 58,'32
Rich A All.— 1st, 7s, 1920. tr. reo 5914b. 60 b. 51 Apr.
131'8
b.
133
Nov.
11618
19
131
109
Jan.
Consol.
73,
14
123
Jan.
Ind.—
1915
&
Cons.,
68,
0. C. C.
Riolim. A Dan.—
112 b. 107 19 Jan. 113 May
Gen. 68, 1934
871s a. 86 b 80 Apr.
Consol. gold 5a, 1936
104 b. 100 Jan. 106 May
85 Apr.
Col. Coal & Iron— iBt, 68, 1900.. 10414
Rich. A W.Pt.Ter.— Trust fi8..'37 9838b. 9914
78 b. 63 Mar. 841a Aug.
116 Mar.
Col. H. Val. & Tol.— Con. 58, '31 79 "s
Roch. A Pitts.— l8t, 68, 1921
84 b. 63 Mar.
114iab.
86
87 Sept.
113
Jan.
11419b.
Gen. gold, 68, 1904
1922
Consol., 68,
Denver ,k Kiu (Jr.— l8t, 78, 1900;il8 b. llUi4a. 1181s May 1211a Oct.
Rome W. A Ogd.— Ist, 78, 1891. llOiab.l Il0i6b, 107 Jan.
10518
Apr.
10514b.
loo's
77 b. 7719b. 75 Mar. 79 19 Jan.
Ist con. 48, 1936
1922
Consol., extend., 58,
Den.*R.Gr.W.-l8t,6s,1911. 78 b 80 b. 71 Jan. 83 Aug. St Jo. AGd.Isl.- l8t,6s, 1925 104 b. 10378b. 93 Jan.
68%b. 70
40
Mivy
60 Mar. 76 Aug.
49
Aasented
b.
2d, income, 58, 1925
771s
112 July
71 Aug. 81 Apr.
Den. 80. Pk. & Pac— Ist, 78, '05 77
St.L. AltAT.lL— 1st, 78, 1894. 114 b.
43 Jan.
Del.Mac.& M.— LKl.gr.3's8,1911 30 b. Sl'^sa. 34 May
lOS b. 108 b. 108 Feb.
2d, M., pref., 78, 1894
104
E.Ten.V. & G. Ry.— Con..58, '56 103
95% Jan. 1051a Oct.
105 b. 103 b. 103 Jan.
2d., M.,luo., 78, 1894
96 Mar. 104 Jan.
40 b. 35 Apr.
Ellz. Lex. & B. Sandy— 6s, 1902, 100 b. 100 14
Dividend bds, 68, 1894
8714 Nov.
Erie- let. consol. gold, 78, 19201135 b. 135 Hib. 1321a Mar. 1381a Aug.
St. L. Ark. A Tex.— Ist, 68, 1936 9 1 b. 9II4
113isb.
114
115
Jan.
Apr.
3314
31% Nov.
Ill
Ix>ng Dock, 7b, 1893
33 b.
2d, 68, 1936
115 b. 115 b. 115 Apr. 120 Aug.
Con. 68,1935
8t L. Alr.Mt— l8t,7s,1892... IO8I9 108 b. 106 19 Mar.
106 13b. 105 June
H.Y.L.E.&W— 2dcon. 68, 1969 lOOig IOII3
92% June 10218 Oct.
106
2d mort., 78, 1897
92%
102% July
Ft. W. ADenv. C. -1st, 6s, 1921 92=8
77% Apr. 93^8 Sept.
Cairo A Fulton-lst, 78, 1891 105 b. 104:^
b.
68,
108
80 Apr.
Gal.Har.& San. Ant.— Ist,
'10
lOmFeb. 1061a May
Gen. Ry. A land gr., 58, 1931. 87 a. 87
102'ab. 102 \b. 98
Apr. 106 July
2d M., 7e, 1905
81. L. A San Fr.- 6s., CI. A,1906 114%b. 11458b. 113i4Jan.
93 -s
West. Division— Ist, 58, 1931. 911-j
90 Mar. 95 Oct.
114%b. llSSab. II4I2 Nov.
68, Class B, 1906
Gr'n B. W.&8t. p.— 2dlB0.8s, 19 11 25 b. 29 b. 25 Apr.
42% July
114%b. 114iab. 114 Jan.
68, Class C, 1906
118 b 117 Oct. 12214 May.
Golf Col. c&8an.Fe—lat,78, 1909
115 b. 115 a. II219 Jan.
Gen'l mort., 6s, 1931
9OI4
90is
102i9b. 10219b. 100% Jiiu.
88I9N0V. 98 Sept.
Gold, 68, 1923
Gen'l mort, 5a, 1931
112 Jan.
Henderson Br.Co.—l8t. 68, 1931 10814 b. 109 b. 107i« Mar. lioia June Bt Paul M. A M.— l8t, 78, 1900 116 b. 116
124>4b. 124 b. 111
Mar. 12414 Nov.
11719b. 117%b. 116 Apr.
H. & Tex.
l8t M. L. 78
2d, 68, 1909
124 b. 112 Feb. 124 Oct.
1st, West. D., 78,1891
119
1191s 114 Mar.
l8tOOUB.,68, 1933
105 ijb. 105>sb. 105 June 114 Feb.
let,W»co<&N.78,1903
reduced to 4ia8.. 9838b. 97 h. 96 14 Apr.
Do
108 b. 102 Feb. 1081a Jan.
2a, consol. M. L. 8s, 1912
Montana Ext 1st, 4s, 1937... 87iaa. 87 b. 80 Mar.
72 »9 Sept. Shenandoah Val.— Ist, 78, 1909. 90 b. 90 b. 90 Jan.
Gen. mort. 68, 1921, tr. reo... 68 b. 70 b. 65 Jan.
Ind.Bl. &W.— lst,pref.,78,1900
110 May 1121a Jan.
30 b. 31 b. 29 Apr.
Gen'l mort., 68, 1921
lBt,5-68, 1909, tr. roo
93 b. 93 b. 80 May 95 Oct.
100%
97 Jan.
100
80. Carolina— 1st, 68, 1620
68isb. 69b.
7413 Sept.
69 Jan.
2d, 8-68, 1909, tr. rec
65 Feb.
78 a. 7713
2d, 63, 1931
95i4 0cr.
East. Dlv.— 66, 1921, tr. rec. 93 b. 93»»b. 80 May
15 b. 15 b. 13 Apr.
Inc., 6a. 1931
Income, 6s, 1921, tr. reo
23 a. 20 b, 15 Mar. 25 Sept. Bo. PacCal.— Ist6a, 1905-12.. llliaa 112 a. Ill Nov.
Int. & Gt.Nor.— l8t, 68,gold,'19 10212b. 102 b. 98I9 May. lllia Jan.
So.PacN. M.— Ist, 68, 1911. .. 107i«b. 10713b. 10314 Jan.
94S8
Coupon, 68, 1909
70 b. 67 b, 61 Apr. 77 Jan.
92 May
Tex. A Pac— Ist, gold, 5s .2000 91 %
4II4
Kent. Centr.— Gold 4s, 1987
3814 June
73 b. 73 b, 69 Jan.
75 Jan.
4013
2d, gold, inc. 53, 2000
KnoxT. <fc O.— let, 6s, gold, 1925 104
10313b, 89i« Jan. 1041a Nov.
85 Jan.
Tol. A.A. AN. M.— 1st, 63, 1924. 9914b. 9978
L. Erie & W.— Ist e., 58, 1937 .. 108
I07ifl0, lOlia Jan. 110
May. Tol.A.A. A Gr.Tr.— Ist, 6a, 1921 105 b. 105 b. 101 Jan.
Lakes h.—Con.coup.,lst,78,1900 12858
125 Feb. 12?!% Nov.
101 b. 93 Jan.
Tol. A Ohio Cent— 1st, 5s, 1935 IOII9
Con. coup., 2d, 7b, 1903
9479
91 Jiiue
126'4b. 12014b, 12219 Jan. 127
Nov.
Tol.8tL.A Kan. C.—lst,6s, 1916
long Island— let, 7s, 1898
ligig.May. 123 Oct,
11714b. 114 Jan.
120 b.
Union Paciflo-lat 68, 1899
IOOI9
Ist, consol., 5a, 1931
lOOOgb.
Apr.
114 b. 107 b. 111 Jan. 115 June
100%b.
78,1837-9
Land grant,
Loa. & Nash.— C:on8ol., 7s, 1898 11714b, 11714b. 116 Oct. 123 Feb.
121 b. 11919b. II313 Apr.
Slnklngfund, 88.1893
109
H. O. & Moliile— 1st, 6s, 1930. 114 u, 113%b. 108ie Jan. 116 Oct.
Feb.
llOiab.
111
b.
19
Kan.Pacltlc— l8t,68, 1895
2d, 6s, 1930
9Uiflb. 9913
96 la Jan. 100 May
11113b. 112 b. 109% Feb.
Ist 68, 1896
E. H. & N.— 1st, 68, 1919
May
115 b, 11514b. 114 Feb. 1161a July
113iab.
11378b.
112%
Denver Div.— 68,1899
General, 6s, 1930
lUifib, 114 b, 109% Jan. 115
110>9
101% Jan.
Mcy
Ist consol, 6s, 1919
Trust Bonds, 68, 1922
'22..
100
Feb.
109 i^b IO914 106% Mar. 110% May
UOis
b.
110
Oregon Sh. Line -lat 6s,
10-40,68, 1924
100 >9b, 10014b, 101 June 104 Fea.
78 Jan.
82
Virginia Mid.— Gen. m., 58,1936
50-year 5s, 1937
97iab, 97isb, 991a Mar. 10238 Apr.
Apr.
37
Wab. Bt.L. APac.-6en.,68, '20 37 b. 40 b.
Lon. N. A. <St Ch.-lst. 68, 1910.
93 Jan.
113 >sb, IO714 Apr. 115 June
Chicago Divison— 58, 1910
Consol., gold, 6s, 1916
Feb.
9414
9412 a. 87% Apr.
97 Aug.
84
Wabash— Mortgage, 78, 1909
Mem. & Ch'lston- 6s,gold, 1924 1(5 b, 105 b, 100 Jan. 10618 Oct.
Apr.
Tol. A Wab.— 1st, ext, 78, '90 llSijb. 11319b 107
Metro. Elevated.— Ist, 68, 1908. 116 b. 114isb. 108i« Mar. 117 May
IO7I4
Apr.
113iab.
IstSt L.Div..78,1889
2d, 68, 1899
106
85 Apr.
105 b. 103 Jan. 109 Oct.
2d, extended, 7s, 1893
I32I9
Mich. Central— 1st, con., 78, '02 129 b. 130
Jan.
83
126 May.
Oct.
Con., oonv., 7b, 1907
Consol. 58, 1902
IO7I9 May. 112
Oct.
11314b. 105>9 Apr.
Great West— lat 78, 1888
MlBB'rl Pac— Ist, cons., 6s,1926 11014 a. 110
83 Mar.
107 Mar. 113i9Jau.
2d, 78, 1893
104i8
8d,78, 1900
9978 Jan.
114 b, 120isa 115 Jan. 1 20 Oct.
West Shore— Guar.. 4s
104
Pac. of Mo.— Jd M., 78, 1891 100 b.
I02I9
9419 Jan.
104 Jan. 108 May
Wheel. A Lake E.— 1st, 5s, 1926 102 "a
Note— The letter " b" Indicates prloe bid, and " a" prlos asked; all other prices and the range aie from actual sales.

92 b. 89 14
105 i«b. 104
120 b. lllij
I20I3 115
105%
98

XL"VII.

STOCK EXCHANGE, AND llANGE SINCE JAN.

Highest.

Lowett.

21J2b.

8138
10616

N. Y.

jVou

.

!

1

.

C—

.

j

lim

121% Apr.
111 Mar.
103 19 Feb.
110 Jan.
7314 Jan.
6414 Aug.
IO6I9 Jan.
116 Jan.

50
99
132
107

Aug

112

July

JiUy

June

Oct
136% June
13334 Oct
9338 Sept
II8I3 June

133

June

118
95 14
II518
12019
II913
11338
101
106

Sept.

112i9 0ct
103»9Sei>t

1

19

119i4
IO6I9

Aug.

Sept
Aug.

June
Sept
Sept
Sept
June

0ot

May

50
76

Oct

Jan.
107 14 Nov.
113 May
10414 Nov.
103 Oct
114 Oct
107 19 Oct

77i4O0t
8914 July

90 14 Oct
7713 Oct
671a Sept.
62i9 0ct

116% Nov.
90 14 Sept.
99i3 0ct
118 Feb.

117i4May
111% Nov.
108 14 June

107% Oct
52 Aug.
114% May
IIO14 Jan.
108 Oct
4238 Aug.
IO414 Feb.
43% Jan.
111% Jan.
112 Jan.
105% Jan.
92% Jan.

119

July

119% June
119% July
118

June

103% June
1 19
Oct
120% Sept,
120

June

98% June
8734

Oct

95

Apr.

36% Jan.
105% Aus.
87
19
116
109

May
Oct

Mar.
Nov.

95% Aug.
45
104

Aug.
Mot-

107% May
102 Got
95 Oct
1 17% June
104% Mar.
121% May
112% Jan.
112% Not.
116% Oct
113i4 0ct
110% Nov.
85 Oct
47

98%

Jan.
Feb.

90

Jan.

113% Nov.
Ill
95

JiUy

90

Jan.

Oct

113% Oct
9.1

Oct.

104S8Juna
102=8

Oct

STATE BONDS.
BECURITIE8.

I

Bid.

Ask.

8ECURITIEB.

Ask

Bid.

BECURITIE8.

Bid.

I

A

1906
1906
1906
1900
68, 10-20
Arkansas— ea, funded. .1899-1900
78, Little Rock A Fort Smith, las

Alabama

Class
Class B, 58
Class C, 4a

78,

Memphis A

3 to 5

Little

Rock,

iss.

104% 105%
109
101
103

11%
12
12

Rhode Island— 68, cou.. 1893-1894 108

laiaaouri- 6s
due 1889 or 1890 102
Asylum or University, due 1892 101

3% 8«
South Carolina^Cs, non-fund. 1888
107
1893. 105
Brown consolidated 68
62
1892-1898
Tennes.aec— 63, old

Funding

10^
12

10
"78, Arkansas Central RR
5
1890 103% 105
Seorgla— 78, gold
Lonlsiana— 78, cona..... ...... 1914 108
Stamped, 48
90% 91
Mlohiean— 7a
1890 103

1894-1895 108
1892 110
1893 110
68, loan
North Carolina- 68, old
JAJ 35
Funding act
1900 10
New bonds, J. A J. ...1892-1898 20
Chatham RK
6
10
Special tax. Class 1
Consolidated 4s
1910 91
1919 120
68

New York—68,

loan

40

Compromise, 3-4-5-68
New settlement— 68
6a
3a

'1
1

1912 72
1913 104
1913 99
71
1913
48

ViiT?inia— 68, old
69, consolidated bonds

92

6a,

cuusoUdated, 2d series

12 2

tia,

deferred,

tru.**

r<**^

105
100
72

70
.-.

50
10

107g

J
J
J

J.

November

;

THE CHRONICLE.

17, 1888.]

Ooot™tton«ln Seiv York

1

585

QKNERAL QUOTATIONS OV STOCKS AND BONDS.
par oent

value, wh'Hovor tHo p »r inijr bo; otlKiniii'ittll'iin% arefrn'iitn'iilif mt te (Mr •liare
Thf^ rnlli>wln'.;abhrevtittlonni«ro often UKOd, vix.: "M.." for mi)rt({Kn; " i{.," for «i>lil: "' u'J,"
" aa<l.," for aadonad
fo
"forKaaraatoad;
lor oonsolldateil ; "ooav.," for oonvorilblo ; "s.f.," for alukliiK fund; " I. it. ." for land grant.
QaotaMona In Nenr York are to Tbiirsday from other olttns, to late mall datea.
rnpritaoiit tlni

;

Sn»>«cr«ber» will conftr »I^Tor by
TThitbd Statks Bonds.

VNITKD STATES BONDS.
4»t», 1891
«>««, 1891
«a, 1907
*M, 1907
6«, Currency, 1895
en, Cunmuiy, 1806
6«, Currency, 1897
6e, Currency, 1898
6a, Currency, 189S)

Aak

Bid.

roi<..Q— M
ooup..
M

d—

1C7%
lOiiia

re«...Q-J 127%
coup..

.Q—J 127%

re(f....JAJ

122

glrlm

notice

ofnyrror

ClTT BECnRmKI.

<l«royT«< In th»<e
Aak.

Bid.

Bultlmnro— 6a onnBol.,I890..Q—

A

10258
103 3^

68, Bait.
O. loan, 1800.
68, Psrk. 1890
.
68, bounty, 1893
'...HAf
6a, bounty, exempt, 1893..
8
5a, water, 1894
IIAN
6a, 1900
6a, West. Md. BR., 1002.... JAJ
58, 1918

O-M
_

.MA
MA

^tti-ttittlsn*.

OiTT BaoumrrtM.
Mllwamkar,Wl8.-WBter78,'02.JAJ
Water 4a, 1906-7
JAJ
Mobile, Ala.-4-Sa,runded,19O0JAJ
Montgomery, Ala.— 6a

110

no

5a,

new

BM.
05
76

100

7»"

107

1051.

NaaliTlUe. Tenn.—«a, 1007. ...Var
BridgeOa, 1005
AAO
127
Newark—48, 1806
1C4 IM
rcK....J&J 130
125
104 106
4«t8, 1896
reK....J4J 132%
48,1920
110
5b, 1909
115 117
STATU SKCIJKITIES,
Bangor. Me.— Water, fla, 1005. JAJ M23
125
6a, 1910.
Tariiai l'J3
AUbama—CIa8a"A," 3 toS, 1906..
E. A N. A. RR. 68, 1894
JAJ 108 >i 109 1» 7a, 1896
Var $116 117
01aaa"B,"5a, 1906
Bath, .Mc— 68, 1902
7b, Aqueduct. 1905
_ .. Vap 103 105
Var 132 135
01aaa"C," 4a, 1906
4'a8, 1907
JAJ 97 100 New Be<irord,Maaa.—68, 1900. AAO }130 133
10-20,
6b,
1900
J A J
Belfaat, Me.—68, railroad aid, '98.. 105
107
3»«B,1910
07 100
AAOj
ArkanaaB— 68, funded, 1809 .J A J
Boston, Mrbb.— Water 6»,1908 .Var 131
133
N. Brunawlok.N.J.— 7b, water, 1901 108
7(, L. R. &Ft.8.l8ane,1900.A .k O
Water SB, gold, 1908
Var 118 120
68,1906
Vai 103
7», Men:phlBAL.R.,1899.A & O
Water4a, 1917
Vnr 107 108
New Orleana. La.— Premlnm 5b ... 138^ 138>
7a,L. R.P.B.cfeN.O., 1900.A&O
Water Sija. 1917
Cona. 6b, 1923, extended.... JAJ 110><
AiO 100 1C2
7a,Miii8.0. * R.RIv.,1900.A & O
Brooklyn, N. Y.— Park78, 1824.JAJ 160
163
5s, 1934.
JAO 100% toil*
7a, Ark. CentralRK.,1900.A & O
Bridge 7a, 1924
7a, 1895
JAJ 160 163
JAD 115 lis
78, Levee of 1871, 1900.... J A J
Park Ms, 1924
150
153
N.Y.
City— 78, 1900
6131
JAJ
MAN
135
OaUIomla— 68, funded debt of 1873
Bridge 5a, 1919
jaj 135 138
68, 1900
MAN }122 ia«
Connecttc't-New.rg.," '-ss.lOOdJAJ
Bridge 48, 1926
JAJ 116 120
68, gold, 1801
JAJ 4123 128
New, rejt. or coup., 38. 1910
Water 38, 1905
JAJ too 103
58, 1903
MA.S J118 124
Dakota Ter.- ."iB. lO-20s of 1887 ...
Buffalo, N.Y.— 78, 1924-5
5«,gold, 1896
MAN5IO8 IIX
JAJ 140
4>«B, 10-208 of 1887
Water 58, 1893-9
104
48, 1906
AAO
MAN J105 no
I)l«t.Col.— Con^.3-658,1924,op.FAA
Water 4s, 1904
100
SijB. 1904
5102 106
MAS
MAN
Oona. 3-658, 1924, reg
Water3>23, 1905
88, 1907
JAJ 98
AAO 5101 104
FoadliiK 58, 1899
Water 3b, 1916
JAJ
97
Norfolk, V».-68, 1914
FAA
Var
Perm. Imp. 6s, Ruar., 1891 ..JAJ
Canibru!go,M.i88.- Water 6b,'96. JAJ U4>s 116
83, Water, 1901
MAN 130
Perm. imp. 7a, 1891
City 6s. 1904
JAJ
110>s
5s, 1916
JAJ ilZS 128
AAO 104
Wa8h.-t'und.loan(0ong.)68,K..'92
Water 3 V, 1911
99
Norwich, Ct.— 58, 1907
Var 97
AAO Jill"* 114
Fund. loan(L<>i?.)G8,>?..1902Varl izi
Charleston, 8.C.— Conv.7s,'97.AAO 107
78,1905
J.AJ ?133 137
Market stock. 78, l>i92
lid Conv. 48, 1909
Omaha, Neb.— 6j, 1891
5102% 103>
85
JAJ
Water stock, 78, 1901
127
Cblcago, lU.—78, 1892-99
il15>a
Orange. N. J.— 78, long
5ll6
do
128
78, 1903
68,1895
1'26
113
Patorson, N. J.— 78, 1900
Florida—Consol. gold 68
4'ss, 1900
J A J {110 113
,10514 106
120 121
6s, 1901
Oeargia-78, gold bonds, 1890.Q— J 101 105
3-658,1902
99
102 104
4a, 1908
Cook Co. 7s, 1892
4»i8, 1915
.JAJ 108 109
110
Petersburg, Va.—6b
JAJ HO 113
I»-wl«lana— New con. 78, 1914.JAJ 108
Cook Co. 58, 1899
118
108
8b
JAJ
Stamped 4 percent
90
Cook Co. 4'i8, 1900
il05>«
118
8s, apeclaltax
'..'."
Baby honils, 3b, X8S6
West Chicago 58, 1890
FAA 36
102
Phlla(felphia, Pa
68,1 898-'99 JAJ 127
Maine— 38, 1890-1929
Lincoln Park 78, 1895
AAO
104%
68, new, reg., due 1905
JAJ 135
War debts asaumed. 6s,"H9..AAO
102
Weat Park 78,1890
Pittsburg, Pa.-5s, 1913
105
JAJ 118 120
Maryland- 6s, Ho8pital,'87-9] J A.I
South Park 68, 1899
103
Ts, 1912
Vai 135
6a, 1890
Cincinnati, O.— 7-308, 1902 ...JAJ ,130% 13114
Q—
121
7s, water, reg. Aop., 1898..AAO
8-658, 1897
.JAJ ... , 111
7s, 1903
,134 >4 136
106 106
48, 1915
Var
JAD
M«e8aoliu8ette-58,goId, 1891..AAOa^103 i» 104H
6a, 1909
6a,
Conaol.,
1901
reg
Vari
1221a
JAJ 120 122
68, gold, 1894
JAJ5H>7's 108
68, gold, 1006
MAN,' 12298 122% Portland,Me.— 6s,RR.AId,1907MAS 5l22'« 124
eSiKold, 1897
MAS«IU 112
48, 1905
103
•ta, funded,
JAJIjlOl 102
1912
Va'
Mlobigan— 78, 1S90
Hamilton County 48...
MAN
4104 104% Portsmouth, N.H.— 68, '93, RR..IAj!l06% IO71*
Minnesota— Ad). 4Jse.l912, 10-30
Cleveland, 0.-78. 1S94
AAO JtlSHi 117 Poughkeopsie. N. Y.—ta.waterhm* jHO ......
MlBBOuri- Fund, bonds, '94-9,'>.JAJ
6a, 1900
Providence, R.I.—58,g., 1900... Jifejljllli* 112
MASl§ll8 120
Ix)ng bonds, '89-90
Ss, 1907
I'l
68,golil, 1900, water loan..J A J!>1^
JAD$1I0 112
Asylum or University, 1892. J A J
4is8, 1899
48, 1903
JAD 5105 106
JAJ 5 9714 lOi)
Hew flanipshire— 58,1892
3I3S,
Columbus,
97
09
JAJ
Ga.— 7s
gold, 1916
MAS 5
Var HO 112
War loan, da, 1892-1894
5s
JAJ
101
Rahway, N. J.-01d78
35 ......
102
Warloau, 68, 1901-1905....J A J
Co^-ington. Ky.—7-30a, 1892.. FAA 5
70
82
New adjustment, 4a
111
Hew Jersey—68, 1897-1902.. ..JAJ
7-308 Waterworks, 1890.. ..AAO Jl01>s
Richmond, Va.— 68, 1914
JAJ 119 120i»
68. exempt, 1896
4s. 1937, new
101
JAJ
88, 1909
JAJ I3ih 110
jAJ 5
Hew York— 68. gold, 1892 ...AAO
5a, 1920
114
58, 1921 A 1922
JAJ 109 1091»
FAA 5
68, gold, 1893
Dallas, Texas— 88, 1904
98 102
AAO
110
48,1920
Ho.C>iroUna— 68,old, 1886-'98.JAJ
10s, 1893-96
Rooheatcr, N. Y.— 78, Water,1903.. 5141
40
110 115
68 N. C. KR., 1883-5
100
Water, 68, 1900
100 103
48.1912
FAA
do
6«
7 coupons ofT ...AAO
.58, Street Improvement, 1928..
8t. Joseph, Mo.—68, 1903
FAA 106 110
95 100
68,fmidlngactof 1866 1900.JAJ
Detroit. Mich.— 78, 1892-93-94. FAA 110
95
Comp'ml8e4B,1901
FAA 92
68, new bonds. 1892-8
3148, 1911
Var }115 117
JAJ
JAD 93i« 100 St. Loula, Mo.— 68, 1899
109>#
68, Chatham RR
Elizabeth, N. J.— New 13,1912. JAJ
68,gold, 1894
)108
85
95
AAO
100
68, special tax,ela8S 1,1898-9A AO
Evansv., Ind.— Water 6a, 1912.JAJ
Var. J107
58, 1900
48, new, cons., 1910
5100 lOZ"*
58, 1912
J A J
48, 1905
JAJ
4i«s, 1912
68,1919
3-658,1907
100
120
JAJ
} 99
PBnna.— 58, new,reg.,'92-1902.FAA 110
Pltchbure, Ma88.—6s.'91,W.L. JAJ 4 104i« 106
8t.L. Co.— 68,1905
AAOJ120 122>«
48, reg., 1912. ...T
100
Galvestoii, Tox.-88,1893-1909.MA8 101
4 96
119
103
St. Paul, Minn.—Is, 1912
Rhode IsI'd— 68, 1893-4, coup. J AJ 110
105
4ias, 1916
}103
58,1920
JAD 98
99
South Carolina— 68,Non-Iun<L, 1888
no
Hartford, Conn.—03, 1897
Ijioo
5b, 1915
JAJ 5110
31s
Brown consols
10-25yearB.4i«8, 181*0-1905. JAJ >100
iUl8i« 120
105
68, 1904.
Tennessee— 68, nufunded
„..15119 120
Hoboken, N. J.-7S, 189J
78 1898
AAO 109
125
Compromise bond8,3-4.5-6s, 1912 71ii
5123
Improvement 68, 1898
8s, lt97
JAD 5113
Betllement. 68. 1913..
do
58.1901
Savannah— F'd 5s, con8.1909.(i-F, 102 lOa"*
105
MAN 110
125
Bettlenjcnt, 5s, 1913..
Houston, Tex.— lOe
75
Springfield, Mass.- 68, 1905. .aAij §123
Settlement. 3a, 1913
AAO §133 135
68, funded
75
78, 1903, wator loan
Xeiaa— 68, 1892
IndlanapoliB,lnd.-"D"7-3,'99.JAJ 112
Toledo,©.— 7-308,Ra,1900.MAN }116 117
MAS
7a, gold, 1892-1910
Var §115 117
6b. 1897
8b, 1893-91
MAS
JAJ 106
Varans 117
78, gold, 1904
Jersey City— Water 7a, 1902... Vai US'*
68, 1899
JAJ
112
vemmntr-Gs, 1890
AAOjllO
WaterOs,
1907
113
58.1913
J
JAJ
'
07
95
Virginia— 69, oid, 1886-'95-..J A J
Funding 68, 1909
Var.
FAA 113
4s, 1913
68, new bonds, 18S6-1395..J A J
6e, 1911
Wasliington, D.C.—See Dist. of Col.
6e,con80ta, 1905. exKsoup
Hudson I'ounty 58, 1905.... MAS 116
Worcester, Mass.— 68, 1892.. .AAO fl07»t 108
JAJ
6e,oonsol., 2d aeries
AAO 11319 115
Hudson County, 68, 1903
58.1905
JAJ 127
JAJ
AAO 102 ir4
68, deferred bouas. Trust rec
HudsonCouuty 78, 1894....JAD 112
48, 1905
Sija.
Taz-ree'vable coups., from cona'la
City,
long
1905
JAD 07 100
Bayoune
7b,
JAJ 1 1
Do
BONUS.
Kansas City, Mo.— 88, 1896... Var 5121 123
from 10-40s.
_
eonsoVudwUi
Hew 38(Rlddleberger). 1932. JAJ
{Bonds
companies
MAN 5118
64iii
7s, 1898
of
10-408, cp.A reg.,3 to5,1919.JAJ
5a, 1905
befouml under the consol'd name.)
§105
38
Lawrence, MasB.—68, 1894... AAO $llO>i lllisj Ala. Gt. Southern- lat mort., 190,S olio 118
Debenture scrip, 6a, gold, 1906 i!l07 109
CITV SECVBITIES.
68.1900
AAO 51194 121
55
e 50
Ala. N. O. T. Ac. let deb. 68
Long laland City, N.Y—Wftter.7s
60
e 45
Albany. N. v.— 7a. 1910-16. ..MAN >140
Loulsvilla, Ky.-7s, 1903
2d debent. 6b, 1907
.'.Var 5116
121
I33I9
6e, 1915 to 1919
Ub'y ASuaq.— Cons. 7b, 1906, guar.
103
MAN ,Ul7
63,1897
Var
Consol. murt.,dB,1906, guar.AAO 123
_4». ISi'JO to 1930
10-40S, 58, 1920
MAN J102
§104 105
MA.V 5101
Allegheny, Pa.— 58,op., '87-97. V
lllegh. Vai.—Gen. M., 73-108. JAJ 115%
48. 1923
JAJ 5 95
96
100 106
^iie, coup., 1885-1901
East. rxten. M., 7b, 1910... AAO 114
Lowell, Mass.—68, 1890, W. L.MAN 5103% 104
Var. 100
105
AAO 20
4«, coup., 1901
Income, 78. end., 1894
Lynchburg, Va.— 1901-4
J A J 110
Var. 105
Allegheny Co., 58, cp., 1913.JAJ 103 i05'
Ashtabula A Pittab.— I«t. Oa, 1908 107 >i
125
88,1905
M, riot loan, 5-108
Ateh.A Pike'a Pk.— lat,68'95.MAN 101 I20i«
100 101
Lynn, Mass.- Water loan, 68,'94. JAJ &110is 111
*», riot loan, 10-208
Au>b. Top. AS. Fe-lst,78, '90 JAJ 120
Water loan, 68, '96
JAJ 5111 115
100 101
8b,
Land grant,78, g., 1903 ....AAO 115% 115%
do
10-208
101
MAN S113 114
102
5s, 1905
JAD 1041* 106
Sinking fund, 6a. 1911
48, refunded. 5-208. 1891-1906... lom 102
100
Macon, Ga.— 68
48. Court Jlouae, 1908, reg.. JAJ 104
Guaranteed '78, 1909 .JAJAAAO 117 119
Manchester, N.H.- -68, 1891.. JAJ. Sl07i4 108 i-i
106
oe>a
AAO
mort.)
00
(lat
Atlanta, Ga.— 8:-, 1902
1909
117
5s,
5115
117
1902
JAJ.
JAJ
120
6a,
MAS 86 85i«
Water 78, 1904
58. plain bonds, 1920
JAJ 115
18
48, 1911
JlOl"* 103
AAO 86 07
4i«B, 19£0
68, 1895-6
JdiJ 106
Memphis, Tenn.— Flippin 4-68.JAJ 100 101
80
68, 1914-15
Collateral Truit, 5s, 1037. ..FAA
JAJ 100 101
JAJ 102
Tax Dlat.,4-68
11*
4isB, 1916
Florence A £1 l>or'ao,lBt.78. AAO 112
JAJ 102 1U3
JAJ, 100
.„_
Tax Diet, 68
Angnsta, Me.— 68, 1905, Fluid .JAJ 6118 120
K.O.TopekaAW.,lBt H.,78,g.JAJ
112
Minneapolis, Mlnn.-88, 1892.JAD 5IIO
Income 7B.AAJ no 111
Angnsta, Ga.— Ta, lUOO-2
do
125
Vari 110
.JAJ 123
111
78. 1901.
N.Mex.Aflo.Pac.,l8t,7a.l909A*O^llSi«,Jlf.
6«, 19U5
4I2S, 191215.
.510314 103%,
JAJ 109 111
ABWin. Texiia—10a
.«
Ark.V.,lst.7B.g..l903.
•n,.b!o
11.'',
100
»116 11°**
)1S-17...,
96
lB, 1
.5

JAJ

rej?

re?.. ..JAJ

12,'i

l'.!7>«

6—
MAN
Q—

lai"

120
125

.<

iW

"

1

'

.

JAJ

JAJ

'.

AAO
FAA

.

I

om

AD

RAILUUAD

I

JAJ

j

,

I

*

Price u< nilnal;

do late transactions.

I

5

Purohasira'ao pays mm. ued Interest,

e

In Londo

1.

t

Coup

.ui

on slnue

18

»•,

MFJ

FJ

THE CHROXICLE

586

GENERAL QUOTATIONS OP

STOOICS

.

,

[Vol.

XLYIL

AND BONDS— Co>jT[yaKD.

For Explanations See Notes at Head of First Pase of tjaotatlons.
Bailroad Bonds.

Bid.

Katlboad Bonds.

Ask,

Bid.

Railroad Bonds.

Ask.

Clnn.Sand.& Clev.— 6s, 1900. .F&A MOOk
120
Consol mort., 78,1890
J&D 5.1011s
Louis'a &Mo.R.,2d, 78, 1900 M&N
Consol. mort., 5s, 1898
J&J }102>4
8t.i,.Jack8'v.&C.,l8t,78,'94.A&.0
Cin.&8p.— 7s, C.C;.C.& I 1901 .A&O 112
do l8tguar.(564),78,'94A&0
7s, guar., L.S.& M.S., 1901.. A&O 121
do 2dM. (360), 78, '98.. J&J
98
Cin.Wash.&B.— l8t,gu,4is»-68M&S
do 2d guar.( 188) 78,'98.J&J
2d mort., 5e, 1931
J&J
Oh1o.& Atlantic— l8t, 68,1920.M&N
F&A
3d mort., gold. 38-48, 1931. .F&A
2d. 6s, 1923
Income 5s, 1931
(niic. B. & Q.— Cons., 78, 1903 .J&J 1321a
Bait. Short L., Ist, 78, 1900. .J&J
J&D 5.102
Bonds, 5s, 1895
acc.ld.gr. 6s. 1901
20
do
Clearf. & Jeff.— Ist, 68, 1927 .J&J
A&O
Augusta & Knoxv., 78. 1900. ..J&J 110
58.1901
10218
Clev.
Akron & Col.— l8t,68,1926JAJ
1913
M&N
Baitamore&onio— Newls
58, debenture,
A&O
A&O HWij
Gen. M.. g., 58, 1927
M&S
Iowa Div. 5e, 1919
6s gold, 1925
F&A ios'
96
Cleve.
A&O
&Canton-lst, 5s. 1917.J&J
Consol. gold 58, 1988
Iowa Div., 48, 1919
F&A
F&A
Ciev.Col.Clu.AInd — l8t7s,'99M&N
Parfcerslmrg Br., 6b, 1919.. .AAO
48, Denver Div., 1922
Consol. mort., 79, 1914
J&D
M&S
Bclmyltiill Riv. East Side os, 1925
48, plain bonds, 1921
Cons. 8. F., 78, 1914
M&N
J&J
Neb. Ext., 4s, 1927
Btening, 58, 1927
J.feD
Gen. con. 6s, 1934
J&J
M&.s
Bur. & Mo. R., I'd M., 78,'93.A&0
Sterling, 6s, 1895
Belief. & Ind. M., 78, 1899. ..J&J
Bur.&Mo.(Neb.),lst,68,1918.J&J
Sterling mort., 6s, g., 1902. .MAS
fJlev. A Pitt8.-^t,hM.,68,1892.JAJ
do Cons, 63, non-ex.. J&J
do
68, g., 1910. M&N
Consol. 8. F., 78, 1900
M&N
Bait. & Pot'o— l8t, 6s, g., 1911 .J&J
do 48, (Neb.), 1910... J&J
Colorado Mid.— 1st, 6s. 1936.. J&D
I8t, tunnel, 68. k., g'a, 1911. A&O
do Neb.RR,l8t,7s,'96A&0
C.>e\ird'Aleno.— Ist, 68, 1916. .M&S
Beeeli Creek— let.g'ld, 4s.l936.J&J
do Om.& S.W.,lst,8s,J&D
lOolumhia & Gr.— Ist, 68, 1916.J&J 101%',
Bell's Gap— 1st, 6s, 1905
m. Grand Tr., Ist. 8s. '90... A&O
FAA
2d mort., 6-1. 1926
AAO 84
BelvldereDel.— l»t,68,o.,1902.J&I>
Dixon Peo.&H., 1st, 8s,1889. J&J
93
90
Col. A Cin. Mid.— Ist, 68, 1914. .I&J
Cons. 4s, 1927
Ott. Osw. & Fox R., 88, 1900. J&J
F&A
Columbus Hooking Valley &T.—
B )eton & Alliany—78, 1 892 ... F&A
Qulnoy& Wars' w, lst,8s, '90.J&J
80
Con. 5s. 1931
M&S 79
68,1895
Atch'n & Neb.— l8t, 78,1907 M&S
J&J
Gen. 68 gold, 1904
JAD 84I4 86
B )8t. Cono.& Mon.—8.F.,6s,'89.J&J
Chic. Burl. & Nor.— 5s, 1926
Col. AHook.V.— l8tM.,7a,'97.AAO SlOfl
Oonsol. mort., 78, 1893
Debenr. 6s, 1896
J&D
A&O
do
2d M., 78, 1892. J&J 6102 i04%
Consol. moit.,6s, 1893
Chic. & Can. So.- Ist, 78, 1902 AAC
A&O
SllSia
Col. & Toledo— 1st mort. bonds
Bost.H.Tun.&W. deb. 58, 1913 M&S
Chic Kan. & West'n.— .st, 58, 1926
JlU2
do
BoBton&Lowell— 78, '92
2d mort
Income
68
A&O
OhloAW.Va.,lst,8.f.,78,ll)l0MAN 111
68, 1896
Chio.& East 111.— 1st mort. 6s, 1907
J&J
sico
Col.
Springf.AC.-l.st.
6s, 1899
bonds,
1907
78,1901.
MA
Income
J&J
107
Col. A Riime.— Ist, 69, KU.Ceiit. G t. 106
48, 1905
1st, con., 6s. gold, 1934
A&O
M&S
4i«8, 1903
108 110
Col.
West.—
A
Ist,
guar
Cent.
Ga.
Gen. con., Ist, 58, 1937
68.
M&N
M&N
107 li
Col. A Xenia^lat M.', 78,1390.MA»
Boston & Maine— 78, 1893
C!hic. & Gr. Trunk— Ist mort., 1900
J.W
102 14 Coun. APas8ump.— M.,7s,'93.AAO S 11 6 is 111
78, 1894
Chic. &Gt.W.- 1st, g..58,1930.J&D
J&JI
Massawippi, g., 6s, gold, '89 J&J SlOu 100>4
Boat. & Providence— 78, 1893. J&J
Ch.&Ind.CoalR'y,lst5s, 1936 J&i
1031a
35
Conn. West.- 1st M., Ts, 1900. J&J 5 32
Bo8t.& Revere B'li— let,6s.'97. J&J
Chic. & Mich. L. 8. Ist 8s, 1889....
Bradford Boid. & K.— Ist, 6s, 1932
Connecting (Phila.)— Ist, 6s ..M&S 117
Chic. Mil. & St. Paul—
8313
34
Bradf.Eld.A Cuba— l8t.68.1932J&J
P. du C. Div., 1st, 88, 1898. F&A
1271s Consol. RK.of Vt., Ist, .5s, 1913.J&J 5
Cor. Cow. & Ant.— Ueb.ds, '98.MAN
Brooklyn Ele.— Ist, 68, 1923. .AAO
P. D.,2d M., 7 3-108,1898. .F&A
i02is
2d mortg. 3-58, 1915
Cuiub. A Penn.— I8t6s,'91
MAS
1st, $, gold, 7s, 1902
J&J
J&J
B'klyn & Montk.— l8t,58,1911.M&S ^l09
Cumoerl.Val.- l8tM..8a,1904.AAO
La. C, IstM., 78.1893
J&J
Zdnioit., .'is, ly38
Dayton & Mich.— Consol. 5a
JcfeJ 510514 106
J&D i-103
I. &M., Ist M., 78,1897
J&J
Bruns. & West, Ist, 4s, 1938. .J&JI
Dayt. & West.- l8tM.,6a, 1905.J&J 411i>
I'a. & Dak., Ist M., 7s, 1899. J&J
Butt. Brad.& P.— yen.M.78,'96. J&J 101
Ist mort., 78, 1905
J&J 1171a
Hast. & Dak., Ist M.,78, 1910.J&J
Bnfi.N.Y.&Erie— Ist, 78, 191G.J.tD 136
do
lOOis Delaware Mort., 68. guar., '95. J&J 117
5», 1910
J&J
Biiff.Roch. & Pittel).— Gen.Ss, 1937
Del. & Bound B'k— l8t,7»,1905FAA 132
100
Chlo. & Mil., 1st M.,78, 1903.J&J
111
Bafl.& South west.— 6s, 1908. .J.&J
Del.Lack.& W.- Conv.78,1892 J&D 112
87
Ist mort., consol.. 7«, 1905. .J&J
i2d
Bor.C.R.&N.— l8t.5s,new,'06.J&D 95
Mort. 7s. 1907
M&S 138 142
1st M., I. & D. Ext., 7s, 1908J&J
Oons.lst&col. tr., 58,1934. A&O
85
Ist M.,08, S'thwest Div.l909J&J
iV5" Den. &R. G. Ist 78,goId,1900.M&N 118% 120 >•
Iowa C. & W l8t, 78, 1909 M&8
Ist con. 4s, 1936
J&J 77% 78
lOlis
1st M., 5s. La C. & Dav.l919J&J
861a
C. Kap.I.F.& N.,lst,68, 1920. A&O
Inipr., g., 59. 1928
J&D
106
80. Minn. 1st 6s, 1910
iis"
J&J
81
do
1st, 58, 1921. ...A&O
Denv.&RioG.W.— l8t,09,l01lM&8 78
Chic. & Pac. Div. 6s, 1910 .. .J&J
122
70
68%
OalUor. Pac— l8tM.,4>s8,g.. .J&J
do
assented
110
do West Div., 58,1921. J&J
104 »s
78
75
2d M.. 68, g.,eud C. Pac. '91.J&J
Denv.S.P.& Pac— lat,7s. 1905 MAN
109
Chic. & Mo. Riv. 58, 1926. ...J&J
100
86
8d M. (guar. C. P.), 68, 1905. J&J
Mineral Pt. Div., 58, 1910... J&J
103
lom De8M.& Ft.D.-Guar.ls. 1905. JAJ
56
do
Ist mort., guar., 2iss, 1905 J&J
38, 1905. J&J
Chlo. A L. Sup. Div., 5s, 1921J&J
„ do
102%
83
Cal. So.- 1st 68 (Atch. guar). .J&J
IsC mort., guar. 48, on extension.
110
Wis. &Minn.Div.,5s, 1921. ..J&J
Income 68, 19.:6
Det.&B.C.l8t,8s,en.M.C.1902.MAN
M&S
63% Terniinla 5s, 1914
J&J
107'
108
Camrten & Atl.— lst,7s,g.,'93..J&J
Det.
IJ.
Alp..lst,6s.l9l3
JAJ
C. A
Dubuque Div., Ist. 6s, 1920.J&J
2d mort., Os, 1904
Det.G.Haven&Mil.— Eqiilp.6s,191H ell4 117
A&O
Wis. Val. Div., Ist, 6r, 1920. J&J
117
ell4
Cons. 68, 1911
Con.M.,
Fargo&South.- 68.a8s.1924.JAJ
5% till '84, after6*..1918
J&J
118
Canada So.— Ist M.,guar.,1908,J&J 106>«
Dei. L. & North.— 1st, 7s, 1907. J&J §117
Inc. conv. sin. fund 5s, 1916 J&,T
34
30
2d mort., 5s, 1913
Det. Mack.A M.— Ld. )?r. 3is9, 8. A.
921*
M&S
Dak. & Gt. So. 58, 1916
J&J
OBpeFear&Yad.Val.,lst,68,1916.. 100 "s 101
Dub. A Dak.— IstM. ,68, 1919. JAJ
(Mo.A Northw.-Con. 78,1915.0—
144
lUia
CaroUnaC«nt.— l8t,68,g.,1920.J&J 108
Consol., gold. 78, cp., 1902.. J&D
1321s Diib.AS. City— lst,2dDiv.,'94. JAJ
97i«
2d, inc., 6e, 1915
IJuUith A Iron R.— l8t,5s,1937. A&O
A&O
Sinking fund, 68, 1929
A&O
92ifl
8d, Inc., 68, 1910
D Uiuh 8. Sh. A Atl.—59,1937.JA J 87
do
58,1929
A&O
Oatawlssa-Mort., 7s, 1900.. ..F&A 121
Dunk.A. V.& P.— l8t,78,g..l900JAD 110
debent., 58,1933.M&N
do
123lt
Cedar F. & Min.— ist, 78, 1907. J,S»i
E.Tenn. Va.A Ga.— 1st, 7s,1900 J&J
60
Exten. bds. 48, 1886-1926.. .FAA
70
Cedar R. & Mo.-l«t, 78, '91. F&A 105
J&J 108
Divisional, 58, 1930
IO514
25-yr8. deb. Ss, 19o9
MAN
Ist mort., 78, lyl6
J&J 92
Escan.AL.Sup., Ist, 68, 1901.J&J
M&N
il32
133
Ala. Cent., Ist, 68, 1918
IO314
2d mort., 78, 1909, quar
J&L) .118
119
Des M.& Miuu's,l8t,7s,1907.F,tA
E. Tenn. V. AGa.B'y.— l8t,.58,19.i6. "92
93
Cent. Br.U. Pac.,l8t8,68,'95.M&N lOSifl
J&D
Iowa Mid., Ist M., 88, 1900. A&O
Ist Ext., gold, 5s, 1937
Fund, coupon 78, 1895
9378 91<%
MAN 103
Peninsula, Ist, oouv.,7s,'98.M&S
Mobile A Birm., Ist, 59,1937.JAJ
Atch.& Pike's Pk, Ist. 68, g. M&N 104
Chic. & Mil., Ist M., 7s, '9a..JAJ
East. & W. Ry., Ala. -Ist, 68, 1926
12414
Atch.Col.&Pac.,l8t,(is,1905Q.—
103
104
Mil. & Mad., 1st, 6s, 1905. .M.&S.
Eastern, .Mass.- 68, s.,1906. ..M&s
Atch.J.Co.&W.,l8t.,6s,1905.Q,—
Madison Ext., Ist, 7s, 1911. A&O
Easton & Ainl)oy-M.,5s.l920M&N U4 i'ooij
Cent, of Ga.— Ist. cons., 78, '93. J&J 108
Menominee Ext.,l9t,7«,191 IJ&D
110
Elizab.Lex.A Big 8.— 68. 1902. MAd 100
Collat'l trust 58, li37
M&N 99
Northwest.Un., l8t,7.s, 1917. M&3
ElmiraAW'mspt— Ist 6s,1910.J&J 123
Cent. Iowa— New 1st., 7s '99. J&J
81
82
WlnonaASt.Pet.— 2d78,1907MAN
Erie & Pittsb.— 2d, now l8t,'dO.J&.I 51UO
Inc. bonds," debt certs.", 78,A&0
.I&J ^111
B
15
Ott. C. F. & St. P., ns, 1909. -MAS
Cons. inort„78, 1898
Eastern Div., 1st, tis, 1912. .A&O
A&O 5101 108
62
North. Ills., 1st, 5s, 191(i....M&8
Equipment. 78, 1900.
Ills. Div., Ist, 68, 1912
A&O
Chic. & Tomah.— lst,68.'05.M&N
EurekiiSpr.- Ist, 68,gold,1933F&A
117
Cons., gold, 68, 1924
J&D
Chic.R.I.& Pac— 68,1917,coup J«J
I33I2 Evans.&lud.— I9t,guar.,g.,6,9,l921 103
10
Cent. RK. of N.J.— 1st, 7s, '90.P&A 1051s 106
J&J
Exten. & col. 58. 1934
Ist, con., 1926
J&J
107
Gen. mort., 58, 1987
J&J 10.ii59 106
Chic.&S.W..l8t,7s,guar.,'99..MAN
Evans.& T.H.,l8t con.,6s,1921,J&J 116
7s, conv,, 1902
AAO 109
M&N 12OI3
Chic. & St.Louis- IstGs, 1915,M&9
Mt. Vernou— Ist, 6s
i20ii
Oonsol. M., 7s, 1899
Q— 1201s 121 Cliic Santa Fe & Cal.-lat, 5s.l93;
Evansv.T.H.&Chi.— 1st, 68, g.M&N lolia
101
103%
Conv. deben. 6s, 1908
M&N 103i«
A&O 6103 104
Chic. St. L. &P.— Ist, 5s, 1932. A&O
Fitchbura— 58, 1899
971a
Am. Dk.& Imp. Co., 58,1 921. J&J
§l03is
A&O
10814
Chic. & Gt. East., Ist, 78, 93-95.
58, 1900-01-02
108
tieli.& Wll.— uon. 78,g.,1900,a88.Q
>a
A&O 51O8I4 1081*
120
C0I.& lud. C, 1st M.,78, 1904.J&J
6s, 1897
Cent. OUio— Ist M., 68, 1890.. M&S 1031s
A&O i^l 8
do
2d .M.78,1904.M&N
78, 1894
Cent. Pac— Ist, 68, gold, 1895 .J&J 115
Un.A Logansp..l8t,78, 1905.AAO
Flint A P. Marq.— M. 68,1920. AAO 12 J
121
1st, 6s, KoUl, 1896
J&J 115
Cin. A Cmic. A. L., 188()-'90
Pt. Madison A N. W., 1st 7s, g.,190.T
1st, 6e, gold, 1897
92141 92*
J&) 115
Ist, 6,s, 1921
Chi. St P.& K.C.-lst, e, 5.i,\gl6J&I
Ft.Wortb A Douv.
123
iBt, 68, gold, 1898
J&J
II512 Cluc.St.P..Miu.&Om.— Con. os. 1930
Freiu't Elk'uA Mo.V.— 6s,1933AaO
123
8.Joainiln,l6tM.,6s,g.l900.A&0 il;V
Unstamped..
do
Cli.St.P.& Minn. l8t,68,1918-M&N
124 1«
do
Cal. & Oregon, series R, 68, 1892 102
North Wise, Ist 6s, 1930
l&J
Gal. H.ir.&San Anf.— l8t,6a,g. 1910.
C»l.& Or. C.P.bonds, 6s,g. ,'92 J &J el05
124"
JAU
107
Bt. Paul&S.Clty, Ist 68, 1919.A&0
2d mort.. 79. 1905
Land grant M., (is, g., 1890. A&O 101 1021a Cliic.& W.lnd.—S.fd. O9, 1919 M&N
West.JJiv. iHt, 5s, 1931. ...M&N
Mortgago bonds, 6s, 1836. ..A&O 103
Generalmort., 68, 1932
do
2d, 6s, 1931.. .J&l
Q—
West. Pacit., 1st, 6s, g., '99.. J&J 113%
A&O
Chlo. & W. Mich. 58, 1921. ...J&D
95 Is Gal.Hou.s.& Hen.— lst,58
Oharl'te Col.&A.— (Jous.,78,'95.J&J 110
J&J
112
Cin. Ham. &Dayt.— Consol.os A&O
Georgia— 78, 1883-90
105
2d mort., 7s, 1910
A&O ll0>s
J&.I
Consol. mort., 78, 1905
A&O
6s, 1910
125
Oiies. & Ohio— Pur. monev fd.,1898 112
Consol. mort., 6s, 1905
II2I4 Georgia Pacitlc-lst. 6s. 1922. J&J
A&O
Series A, 1908, coupons off .A&O
115
Cin. H. & 1., Ist M., "8, 1903.J&J
IIOI4
Coii. 2d moit., 59, g 1923... A&O
68, gold, ser. B., rearg. certa.M&N
76%
Cin. A ludianap., l«t., 78, '92. .J AD
Con. iiioomii, 5,H, g., 1923 ..A&O
Exten. 48, 1986, reoig. ct^ ..M&N
7714 77%
2d M..78, 1892
..J&.I
107 14 Gr.Rap. & Ind.— Isi, l.g., g'<l, 7s, g.
68, currency, int. def.. 1918.. J&J
31% Indianapolis (;. &L., 7sol '97.. ..
1st M.,78, l.g.,gold,not guar. A&O
6s, 1911, coupons off
A&O
115
Cin. I. St. L. & Chic— Con. 68. 1920
ibris
Ex land grant, 1st 78, '99
Ches. O.&b.W.— M. 5-68, 1911. F&A 106111 107
M&8
Ist gold 4s, 1936
Consol. 59, 1924
Q—
2d mort., 68, 1911
v:...F&A
73
Cin.Jack.«Mao.-l8t,5s,1936 J&U
Gr.B'y W.&St. P.— l8t,68, 191 1. F.& A
Cheshire— 68, 1896-98
J&J 5107 103
Cin. Van W. & Minn. - l8t,6«,l901
2d, incomes, 1911
Chic. & Alton— Ist M., 7s, '93.. J&J 113
78,1909 J&J
do
2d income, 6,1, 1930
1st, 78,1
& 3. Fe— Ist,
Julf Col. &3.
25
,
Sterling mort., 6s, g., 1903.. J&J «123
AAO
125
Bin. Laf.&Ch.— 1st, 78,g., 1901. M&S
....»* 2d, 6s, gold, 1923
Bds. Kan. C. line,68,g., 1903. M&N 122
19H..M&.Cin. Lei). & Nor.— Ist lu. 58
100 lirtan. ASt.Jo.-Con. 68. 191
J&J
Miss.Riv. Bridge, l8t.,8.f.,68,1912 1C16
10714 Cin. Rich. AChlc— 1st, 78, '95.JAJ
llHatTis. P. .Mt. J. & U— Ist, 4s.. 1913
Loni8'a& Mo.K.,lst,7a,1900F&A 122 125
1903
Tin. Rtcli. & F. W.— 1st. 78, g.. J&D
H*rt. & <ionn. Wivit.- .'is
Atch. Top. & S. Fe— (Continued)—
Sonora, let, Ts. 1910, guar.. J<SiJ § 95
Wichlta&8.W.,lBt,7s,g.,gua..l902 ^110»s
Atlanta &, Charlotte Air L.— Ist.Ts 1221s
101
Income, 68
AtlantloA Pac.-lst 49, 1937. .J&J
go's
W.
Incomes, 1910
J&J ZO'e
Central Division, old tig
95
do
incomes, 1922.
15

Chicago

& Alton— (Continued)—

,

.

C

.

.

i

—

'

,

. .

1

,

<

,

C—

,

,

—

.

*

Price nominal; no late transaotlons.

§ furcliaaer also

pays accrued literest.

e

In London.

yOouponott.

»

In A,usti)rdam.

I

MJJ
NOVKMBEK

-

'

.

For BKpl»natlon« See
Railroad Bonds.

Bid.

Ask

Honsntnnio— Cons. 5it, 1937. .MAN lO^% 106
55
HCBt-K.* W. Tex.— l«t.7ii.'98.MAN
2d, 69, 1913
JAJ

B.A Tflx.Oii— Int ni.,7R,Ktiar.l891 134
We«t. Dlv.. Ut, 7n. K., 1891.. JAJ 124
W.,lBt,7«,ir.,1908J&J

Cton«. mort., H«,1912,Tr.

rec.AAO

Qon. mort. ti.s, 1921, Tr.
Hniit. .Vt Br.Top-l8t, 78,
2(1 mort., 7(1, «., 1895

reo.AAO

M

JAJ
JAJ

1951
1951

8-2 <
98 "a
FAA 113>i
el05
8t«rllnK,Kon.M.,69,K.. 1895. AAO «1(9
Bterlinit. 58.1905
JAD «108
;i<D«,

AAO

Col. tr., gold. 4n, 1952
Ml.lillo iJlv. reif. 59, 1921...
BterlliiK, 8. F., 59. g., 1903. .AAO

Ohlc.St.AN.O.— l8t con. 7s, 1897
2d. 6«. 1907
JAl)
Ten. Hen, 78, 1897
MAN
68, 1951, KOld
JAD

117
118
117

Ind. Bl. A W.— l»t, pf.,78, 1900JAJ
l8t mort., 5-6, 1909.Tr. recAAO
2rt mort., .'S-fi, 1909, Tr. reo.AAO
Incouio, 1921, Tr. reo
E««t. 1)1 v., 69,1921. Tr.reo... JAD
Ind. D. A W.— Oold,5s,1917...AAO

2dm

1948
JAJ
Ind. Deo.ASp.— l9t,78.1906.A*0
Inrt'pollsASt.L— l8t,78,1919.V»r.
Ind'apollsAVln.— l8t,7s,l»08.FAA
2d mort.. 69, tt., Kuar.. 1900.MAN
Int. A (ft. North.— lst,68,1919.MAN
Coup. 6«, 1909
MAS
Ionia A

Inc.

118

93 >«
100

107
111
110
121

Railroad Bonds.

Bid.

Maine Centrnl-(0(mtlnaed)—
Parti, A K..Cona. M., 0«, 'UB.AAO 4107
i>eb«nture. 68, 10-'.;0
FAA (104
Man.Heach Inip.,lliii..7s.ti>0<>.M.%9
Manitoba fl. VV. Col. I{

92>t

94
90

.'is,

99
sHl2
II

115
103
10214

lowaCityAWest.— lst..7s,1909MA8l

....

C—

78,

JAJ 120
JAJ 120

extended

l8tc(m8ol. 7s,

191.'.

l8t.0(>n8..Tenii. lien, 7r,191& JAJ
Gold, 08, 1024
JAJ

M^trop'n Elev.— l8t,6n, 1908. JA.I
2d 69, 1899
MAN
Mexican Cent.— Ist, 48, 1911. .JAJ

Bond

.

mort

lat

6»,

JAD

1927

2d M.,8er. A,lne.,69.1917...MA8
2d M., Ser. B. In(!.,«a.l917.. April
Mich. Cent.—<'on80l.,78, 1902.MAN
Consol. .58, 1902
MAN
l8t M. on Air Line, 88, 1890. JAJ
Air Line, 1st M., 8s, guar. .
.

20
106

121
105

Ask.

100
106

OS
101

63<a

MAN

MAS

6», 1909
5b, coup.,

N.T.Ont.AW.-Ist,c.,(ls,I0I4M*«
100 >t ff. Y.A.N.Bdr —1st St., 7s, lOOIUAJ
104
IstM., 6s, 1905
JAJ
07
2d ni.,«s, 1902
FAA
04
'ilit Os (Boaled to 3s)
FAA
126
N.Y.P».AO.-l«t. Ino.,aoa.7s,1003
12a
do
prior llnn.lnfl.ao. A^,'05
Equip. Trust., 58,1908
MAN

3d mart. Inc..
3d mort. Ino
Leased L. rental

63%

1931
MAS lllii
Ka1amazonA8.II..1st,88,'90.MAN
U>3
J.L.ASag.North Ext.,88,'90.M.tN
do
Cona.lat.\I.,88,'91.MA8 ubs' ibsia
do
68,1891
MAS 104
Jollet A N.Ind.,l8t,78 (guar.M.C.) 120
Mldd. Un. A Wat. Gap— lat mort..
98 101
75
2d mort. 58, quar. N.Y. 8. A W.
80
Mil.L.8h.AWe«t.— lat68,1921.MAN
118>a
Conv. deb. 58, 1907
90
FAA 88
Mieli. Div., 1st, 6a, 1924
JAJ 1U>« 1121a
Ashland Dlv., Ist 6s, 1923.. MAS 112
90
l8t, Incomes
921a
96 100
St. P. E. A Gr. Tr'k, let, guar.. 68.
Mil. A No.— Ist, 6s, 1910..
JAD 109
1st, 6s, on extenabm 1913. .JAD 107 »a
.

.

W

'

'

'

—

,

,

ominal; no late transaction 4.

•

e
.I"*
trust, per deb. 4* s 86
West. ext. oertlfs, 8s, 1876.. JAJ e 53
do
do
7s, Koar. Erie e 53
N.Y. Phil.
Nor.- Ist, 1923 ..JAJ 106
Income 69, 1933
49
N.Y.8u9q.
W.-Deh. Os, '97.FAA
lat refund., Ss, 1937
JAJ 941*
2dmort.. 4ias, 1937
72

67
A
19% 20
AAO
§102 103
A
§ 98H 99
44
46
FAA
100
Mldl'd oi N. J.-lst,68,1910.AAO
64 1« 65 >s Norfolk A Western20
22
General mort., 68, 1931
MAN
130
New River lat 6b, 1932
AAO
111
Impr. A Exten., 68, 1934. ...FAA
§104>a 104%
AdJiHtnient 7s, 1924
Q.— M.
^103 la 104
Erjuipment, 5b, 1908
JAD
C(mv. deb., 6a, 1894
JAJ

A 8.
l8t,78,l9l7.AAO;5l30 130 14
Jaoksonv, s. E.— Ist, 89,lill0. .JAJ
117
Gen. mort.. 68, 1912
JAJ
100
Ch. F.& St.L.,lst,58.(r.,1928..MA«
92 "s 94
Ljtcli'ld C.A W., l8t, 68,19 1 6. JAJ
97 "s 98
LooUville A St. L., 59, 1927. AAO
100
Jefferson— l8t mort., 78, 1889. JAjl idiii
Jell. Mad.Atnd.— l8t,78,1906.AAO iUi.
115
2d mort., 79. 1910
JAJ;H18 120
Junction iPhtl.)— Ist,4'fl8.1907 JAJ
Kanawha A O.— Ist ds. 1936 J.Aj| 70
Kan. C. Cllnfn A SiirinKtleld- l8,5s
97"9 981a Mlnn'p. ASt.L.— IstM.. 1927. JAD
951a 971a
K.C.Ft.ScottA G.—lst,7H, 1908 JAD 116
90
Ist M., Iowa CityA
1909.JAD 85
1161s
Fleas. Hill.feDe Soto, Ist, 78, 1907 120
2d mort., 78. 1891
JAJ 60
122
Kansas C. Lawr. A 80. Ist, 68. 1909 1)3 114
82
Southwest. Ext.,l8t,7s,1910.JAD
Kan. C. M. A B.-lst, 5s, 1927. MAS 93 14 93I2
PaclBo Ext., Ist, 68, 1921.. AAO
93
Kau.C.A Omaha— l8t,59,l»27 JAJ
Imp. AEqulp. 6s, 1922
JAJ 53
90
K.O.St.Jos.AC.B.- M.7a,1907. JAJ 126 li 1201a Mlnn'p. A Pac., lat, 5s, 1936. .JAJ « 97
99
K,C.F.8ii.AMem.-l9t,68,1928.MAN 111% 112
92
Minn. 8. Ste. M. & AtL-l8t,5a,lii26
Kan.C.\V.v.&N.W.-lBt58.193'J.JAJ
9<
100
Minn. A N. W.— Ist, 5a, 1934.. JAJ
95
Ken. Cent. Ky.— Gold 4s, 1987.JAJ
73
Miss.ATenn. IstM., 88, series "A" 120
74
KeokukADes M.— l8t.59,s:uar.AAO
88, 8erie8"B"
JAJ 110
105
Kin.i^s. A Pemh.— Ist. 6«, 1912. JAJ 105
91%
Mo.K. A Tex.(;on8.78.. 1904-6. FAA
91
Knoiv. A Ohio Ist. 6s, 1925...JA,I 103 104
64
Consolidated 6a. 1920
JAD 63
Lake E.A West.- lst,g.,58,1937JAJ 106
Consolidated 5s, 1920
60
JAD 69
Lake Shore A Mich. 80.—
93
99
Ist, 68. g., 1899. (U. P. S. Br.)JAJ
CI. P. A Ash., new 78, 1892.. AAO UOJe 111
Han. AC. Mo.,lst 7s, g.,'90.MAN
1061a
Bnfl. A E., new bda, M.,7s.'98.AAO 120
llOiai
Mo. Pac— C(m80l. 6a, 1920...M.lrN
Det.Mon.A rol.,l8t,78,1906-FAA 126
Pao. ofMo.,2d 78,1891
JAJ lOd 107
Kalamazoo Al.AOr.R.,lst,88.JAJ
Istext. g. 4a, 1938
FAA 97% 98
Kal.A Wh. Plseon.nit.78.'90..JAJ 103 !«
101
6s,
98
B..
1st
1893
AAO
Car.
g.
Dividend bonds, 78. 1899. ..AAO 121I9
120
3d mortgage, 78,1906
MAN
100
L.B.A M.S., cons., cp.,l8t,7s.JiS£j 128
.58,
1917
Tru.at,
ifobl,
MAS
129
do oon8.,res.,lst,78,1900.Q—
102
126
Verd. V.Ind.it W.,l8t,58,l926MAS
do eon8.,cp.,2d,78,1903..JAD 126 14 126\
Leroy A C. Val., lai,5a,1926.JAJ
do cons., rcc..2d, 78.1903. JAD I26I4 126% MoblleAO.— l8t,g'd,68, 1927.JA!) 113 114i«
MahonUiK I'oal RR. Ist, 5»..JAJ 106i«
Collateral trust 6a. 1892 ....JjeJ 102
Lawrence— Ist mort., 7s.l895.FAA
48
Gen mort.. 48, 1938
.MAS
Lebigh Val.— Ist. 69, 1898. ...JAD 122
1st extension 68, 1927
Q— 103
2d mort., 78, 1910
56
54
MAS
1st preferred debentures
140
Gen. M., 8. f.,68, i?..1923....J,feD 131>a 135
72
8t.L.A Cairo— 48, guar.. 1931.JAJ
L. Miami— Renewal 58,1912.. MAN ^112
Morg'n'B La.ATex.,lst,68,1920JAJ
L.RocRAFt.S.- l8t,l.i;r..78'95.JAJ 105 106
120
118
mort.,
7s,
1918
let
AAO
Little Koek A .Mempli 8-New 58..
Monis A Essex— Ist, 7b, 1914 MAN 142 H
72
Lent? Island- Ist .M.. 79, 1898.MAN 120
FAA IOJI4 108 ae
2d mort, 78, 1891
Istoonsol. .5a, 1931
Q— 114 115
Bonds, 78, 1900
JAJ 124 126
Gen. M. 48, 19a8
JAD 94 94 >4 General mort., 78, 1901
AAO 1251a
Hewtown A Fl., Ist, 78, 1891
Consol. mort., 7s, 1915
JAD 141»8 143
N.Y.AR'yH'rh, stg.!i8,1927..MAS 103
Nashua A Lowell-Os, g., '93. FAA U06 106 >«
2d mort. ine., 1927
105
105 Is
S
28
58, 1900
N.Y.A Man. Beach. lst78.'97,JAJ
Naahv.Ch.A St. L.— Ist, 78,1913 JAJ 1291a 130%
N. Y. B. A .\I. B..l»t con. 58, 1935
JA,1 10.S%
2d mort., 68, 1901
102
Loa'v.C.A Lex.— l8t,78,'97 JAJ(eT) 112 113
Consolidated gold .'is, 1928. .AAO
98
981a
2d mort., 7s, 1907
AAO 118 119 Nashv.A Deeatur— l8t,7B,1900.JAJ
Lou'v.Ev.A St.I.,— l8t.68.1926.AAO ilU5l8 105% Natchez Jack. A Col.— Ist, 78, 1910
2d mort.. 2-68, 1938
100
AAO 54 55 New'kS'aetAS.-1st. 7«, g..'89.MAN
Louis. A Nash.— (;on8. 1st, 79, 189S 11738 118
104 1«
N. J. Jatiotlon, Ist, 48, 1986.. FA A
Cecllian Br., 79, 1907
100
MAS
107 1« N. J. A N.Y.-lat, 88, 1910. ..M.tS
Louis. Uin. A Lex., 68. 1931. MAN 109
110
N. J. Southern— 1st M.,new 6s.Jc'kJ
Mem. A 0.,8tl., M.,78, k.,1901JA11 el2<J 123
102
N. O. A (Jnlf.— Ist. 6», 1926. ..MAN elOO
M.AClark8V..8t'K,69,K., 1902 FAA el 14
N. O. ANorlheait.— Prior 1.68. 191,'i
116
K. O. A Mobile. Ist t>8, 1930. JAJ 113i« 115
N.Y.A Can.-£M., 6a. g.,1904..MAN «il5 117"
do
2(1, 68, 1930. ...JAJ
N.Y.C.A Hud Riv.— Ext'dos. MA.V 1031a 1051*
991s 100
Pensacola Div.,l8t,68,1920..MA8 100
J,&J 13U>a
Mort., 78, coup., 1903
8tLoul8Dlv..lst, 6s, 1921..MAS 114
Debenture Sa, 1904
MAS 110>a 111
116
do
127
2d., 3s.,1980.MAS
60
Sterling mort., 6s, g., 1903. ..JAJ el 25
Hash. A Dec., let 7s, 1900... JAJ 121ii
92
N.Y.Chic.A 8t.L.-Ncw l8t,48,1937
E. H. A N., lat 6s, 1919
JAD 114
N. Y. Elevated.— 1st M., 1906.JAJ 117i« 117>«
Gen 1 mort., 6a, 1930
40
JAD 1141a 115>9 N. Y. A Greenw'd L-lBt M. Inc. 68 36
8o.ANo.Ala., 8. F. 68,1910AAO 107s
10
8
2d mortgage ineome
Trupt; bonds, 68, 1922
Q— 1091a
N.Y.AHarlem— 7s,ooup.,1900.MAN 130 <4
Ten-fortvGa. 1921
W.—
l8t,68,
vi
Laok.A
1921.
JAJ
100
]3mi
MAN
N.Y.
50-year gold. Sa, 1937
FAA 111% 112<it
MAN 9718 9-)ie 2nd, 5s. guar., 1923
Col. tr, g.ild, 58, 19il
MAN 92
N. Y. Lake Erie A Western
Pensa. AAtl.— l8t,t;8,KH,'21.FAA
MAN 117
97 "98
iBt mort 79, 1897, ext
L'sv.N.A.AChic- l8t,6a,1910. JifcJ
2d mort. exteu.. .5b, 1919 ...MAS 118
116
Cton. mort. 6a, 1916
MAS 103 112
9lis
3d mort. ex. 4ias, 1923
AAO
Ind'ap. Div.,68 gold, 1911. .%£A
117
4th mort., ext., 58, 1930.. ..AAO 116
L Jl«v.N.O. JiTex.- Ist, 4s, 1 931MAS
JAD 102% 104
5tb mort., ext., 48, 1038
2d mort., ha, ly34
7s,
136>«
M.,
g..
1920
135
HAS
MAS
Ist oons.
Maine Cont.-.Mort. 78, 1898. ..JAJ
JAD 100 luO>a
New 2d eons. 6a. 1909
120
isixten. bonds, 68, g., 1900.. .AAO
MAN 92'"
Collateral Tr. 6a. 1922
112
Oons. 78, 1912
JAD
Fund. 5s. 1909
AAO
133
ndrmcog. A Ken., 68,1890
1st oonj. fund eoup.,7B,1920 MAS 131 >« 134
103
Lc"d9 A FarmVfn. Bs. 1896.JA.I
105
Reorganlzat'n lat lien. 6b. 1908
110
.

N.Y. A North. - Ut g..K1037. AAO
2d gold la. 1027
JAD
N. Y. N. M. A H.lslr.4s,t003.JAI>

1(j6

115%
104%
1)

Railroad Bonds.
Lake K. A West.— (Oonlllt'd)
Gold Inrome bonds, 6s, 1077
Long Ddok mort.,7s, l80a..JAD
do
eon. «., «s, 1035 ..A*0

». Y.

66

Borlp..;

Debenture IO9, 1890-9.5
AAO
Bortp 10a, 1889
JAJ
Hexl(!an Nat.— lat, 68, Trust rec.

New

23
'92>i

2d mort.,

597

AND UO.VUS— 'JoNrittreo.

Inoomos, 1911

123

"0
(-aiisln)?— I8t89, '89. ..J&J[5lw2>e 104

I'a Fulls

,

of rirat rece of <|«ola(laa«.

Marietta MIn.—iRt, (;
v i ...
112>* M«r'taAN.Oa.-l«t,«-.
100
Consol. lste«, 1987
69
J.vj 108
Hani'tt(« Ho.A O.— Mar.AO.,8i, '02 too
105 >4 107
114
68,1908
103
69, 1923 (extnuRlon)
104 >i
JAD 96
114!^ 116's
69, 1925 (Mary. A Wo«t.)..
JAD esia
104^ I0tii« M<Muph.,V Chttri.-lat,7«, 1915.JAJ 120

'OCAAO
FAA
AAO

iHt, K'old.lH,

Sottia at flead

105>f

ConN.
M. 511,1895
niln(ils('i'iit.-lHtChl.A8pr.'98JAJ
Gold,

~

FJ

THE (HRONICLE.

17, 1888.

aBNBllA.L QUOTATIONS OF HI'OOKS

WaooAN.

H

J

^puiohaaer also pays accrued InteresU

58 1

604
106>«

03 i

113

Via'i

116
110

117%

—

109
^...*
94,

061

Clinch V. D.,lBtequp.5B,19.57....
Norf'k A Pet«r8b.,2(I,8s, '98. JAJ

**

104
104
lot

80. 81d6, Vs., ext. 5-6-8b,'89-I900
do
2dM.,ext..'^-6s,'8»-1900
do
3d M., 6s, '96-1900.JAJ

Va.A Tenn., 4th M.,8s, 1900.JAJ
do
extended 5s,1000.J4bI
North Penn.— l8t,78, 1896.. ..MAM
Gen. mort., 78, 1903
JAJ
Debenture 6b, 1905
MAS
Northeaat.3.C.— Ist M.,8B,'99,M.t8
2d mort., 8s, 1899
MAS
Northern, Cal.— Ist, 6b, 1907. .JAJ
Northern Cent.— 4ia per oeat..JAJ
3d mort., 6a, 1900
AAO
Con. mort.,68, g.,oonp., 1900JAJ
Mort. bds., 58, 1926, aeries A JAJ

1221* 136

104

120
138

120>*
^^

ll3>e
~
125
123

1U6%
..

ii7«;

118i<

110

109
do
series B
Con. mort, stg. 68, g., 1904. ..JAJ elOO 111
North. Pac, P. D'O Dlv.—6B,M<k8. lOJif
Mo. Dlv. 6s, 1919
MAN
Gen'l 1. g., Ist, 88, 1921
JAJ 117
Gen. land gr.,2d. 6s. 1933.. .AAO 109^ 110
904 - •••
Gen. land gr., 3d, 6b. 1937...JAD
Dividend scrip ext.
JAJ
i03>a
James Riv.Vaf.— l8t,g..6s.'36JAJ id'i
imm
Spokane A Pal.. 1st 6s,1936.MAN 101% ioi>a

St.P.ANor.Pac gen.68.1923.FAA 118
HelenaA Red Mt.l8t,6s,1937MA8

A Man.. 1st. 6h, 1936... JAJ 101
Dak. Dlv., lat. s.f. 68, 1937. JAD
A B.,l8t,6s.l937MAN
Drum. A Pet., 1st. .Ss, 1937..JAO
Hel-uaAN'rth— lst.58.1937.JAO
Dul.

IDS

Hel. B. Val.

North. Pac. Ter. Co. -l8l,6s.'33.JAJ

10«4t

fill
118
Ogd'nsb'gAL.Cb.— 1st M.6s,'97 JAJ ilOOi« 101
Sinking fund, 8s, 1890
MAS 103 i04>a
Consol. ,6s. 1920
AAO 100 100>«
25
Income, 38 A 681920
28
Ohio L A W.— let pfd.38,1938..Q-J 103
8*'*
1st 3b. 1938
Q-J
63
2d Ss, 1938
i
Q-J
Ohio A Miss.—Cons.,s.td.7s,'98 J «J 117
Cons, mort., 7s, '98...
JAJ 117
2d mort., 7s, 1911
AAO 119 1-20
100
let gen .5s, 1932
J.kD

NorWhAWoro'i^lBtM.,6B.'97JAJ

1

MAN

l8tmort.,8prlngf.Dlv.,1905

Ohio River RR.— 1st. Ss, 1936.JAD
Gen. gold, 58, 1937
AAO
Ohio Southern- lat 6s, 1921 .JAD
2d Income, 6s, 1921
Old Colony— 6s, 1897
FAA
6s, 1895
JAD
78, 1894
MAS
4ia9, 1904
AAO
. .

106
101

83
103

44
ilt4

iiim

103 >a

«S
1144*
113

|114
114%
)104
100
101%
Bo8t.C.AFItchb.,l8t,7s,'89-0OJAJ itOl
llll
113
B. 0. F. A N. B., 5b, 1910 ..JAJ
113
N. Bedford RR., 7s, 1894 .JAJ llll
OmahaASt. L.— l8t,48, 1937, .JAJ 74% 74%
Orange Bolt— 1st mort., 68, 1907...
Oreg.ACal.— letos, 1927
JAJ 80
.

OregonATranacont.—6s,1922MAN 101

101%

Osw.ARome— IstM., 78, 1915.MAN S124
Panama—Sterl'g M.. 78. g. '97.AAO elu7
elOO

Subsidy bonds, Eng. Ifue, 69

102

181
Penn.RR.— Gen.M,6s,op.,l»10Q—
Cone. mort.. 6a, 1905
<f-M 123
Collateral trust, 4ia8, 1913. .JAD
Consol. 58, 1919
JAD
Penn. Co., 68, reg., 1907.... Q.—

115

108%

do
l8tM:,4>«8, 1921.JAJ 108% luO
Penn.A N.Y.Can.- iBt. 7b, '06. JAD 118>a 120
133
JAD
Ist mort., 7b, 1906
Pensacola
Peo. Dec.

A Atlantic- Ist m..FAA
A Ev.— let. 68, 1920. JAJ

114

73%
2d mortgage. 5b. 1927
EvanavlUe Dlv., I at 68,1 920. .MA» lot
Peo.A Peklu Ur -l8t,68,1921.Q-F 110^
60
67
Q—
2dmort.4<a8, 19J1
.

PerUomen—Cons.69„19l3,sterllng

PetersbOTK -CUss A, 1926 ....JAJ io4%
AAO 105
Class B, 1926
Phlla.A E.-Gen.|raar.,6s,g.,'20.JAJ slSO
AAO 113
Consol. 5n, 1920
AAO 00
General 4s. 1020
Phlla. A Read'g— lat, 6s, 1910.JAJ
AAO 110
ad,7s,1893
Consol.M., 78,191 1, reg.A op. JAl) 13H
JAD 133
Consol. mort.. 6a. 1911

106%

rraakfor^

*

ein London.

lOonpoaoO.

t bi

ibii"

too
181

THE CHRONICLE.

588

[Vol. XLVIl.

GENERAL QUOTATIONS OF STOCKS AND BONDS—Oontinubd.
For Bxplanatlong See Wote«
Bailsoad Bonds.

Bid.

at

Head

of First Page of Qgotatlona.

Raxlroad Bonds

Ask.

Bid.

H

. .

F&A 108

2d mort., pref., 7s, 1894
2d Income, 78, 1894

M&N

40
116
110
80

Bellev.&S.Ill.,lst,8.F.8s.'96.A&()
Bellev.& Car., Ist 6s, 1923. . J&l
St. L. South., Ist, 48, 1931. .M&S
Bt. L. Ark. & Tex. Ist 68,1936.M&N
2d mort.. 6s, 1936
F&A

91

33

Bt.L.& Cblc— lstcon.68,19'27.J&J

86. L.

10838 1081s

.

2d mort., 78, g., 1897
M&N 106
Ark. Br. 1. gr., M., 78, g., '95.J&D 107
Cairo Ark. & T.,l8t,78,g.,'97.J&D 108
Cairo* Ful.,lst,l.g.,78,g.,'91.J&J 106
88
Cten. con. r'y & 1. g., 5s,1931A&0
Bt.L.&8anFr.— 2dcl.A,1906..M&N 115
adM., class B, 1906
M&N 115
2d M., class C, 1906
M&N 115
Kan.C. &8w.,lst,6s,g.,1916..J&J
97
Equipment 7s. 1895

F&A
J&D

General mort..
General mort.,

J&J
J&J

&

O. Ist, 68

68, 1931
58, 1931
l«t trust, g.. 58, 1987

107
108
;08i3
IO5I4

87
116
116
116
103

106
II5I4
1021a IO314

A&O

Ft.S.& V.li.Bd.,l8t,6s, 1910.A&O
Bt.L.K.&So.W. -1st 68, 1916M&S
K«n. Mid., Ist, 48, 1937
J&D
Trust bonds, 68, 1920
11238
F&A
11138
Bt. L. W. & W., 68, 1919
M&S
BtL.Vand.&T. H.-lstM.,78,'97.J&J 11714 117%

M&N
M&N

2d mort., 78, 1898
Sd,78,Buar., 98

& Dulutb—Ist,

108
109
108

1931. F&A
Bt.P.Mlnn.&Mau.— 1st 78,1909 J&J
Bt. P.

5s,

116

2d 6s, 1909
A&O
Dak. Ext., 6s. 1910
M&N
l8t consol. 68. 1933
J&J
reduced to i^is ..J&J
do
Minn's U'n, lot, 6s, 1922
J&J
MontauaExt., let, 48, 1937. J&D
Montana Cent.— let, 68,1»37J&J

1171s

118

120

118%

1191a

98I4

99

110

86% S7
110

112

BfUiAnt.&A.Fass.,l8t,68,l916.J&J

do

90

l8t,6s,] i>26.J&J
BandnskyManaf.&N.— 1st, 7e,1902
1st, 68, 1934. .A&O
B»v. Fl.
Gulf, con. 7s, '97
At.
J&J
Bo. Ga.
Fla.— let, 78, 1899
2d, 7", 1899

&

117

& W.—

Beaboard

&

& Eoan.-6s,

5s. coup.,

114
116
116

M&A

115
117
117

1916. .F&A

J&J

1826

Beat.L. 8.& E.— l8t,gold,6s,'31.F&A
Boloto Val.— Ist, 7s, sink'g fd..J&J
2d mort., 78, sink'g fd
A&O
Ooneol.78, 1910
J&J

98
68
65

II

7sia

Bham.Sun.&Lew.— lst,56,'12M&N
Bham. V.& Pott.".— 78, con. 1901J &J 123

Bhenandoan Val. -lst,78,1909.J&J

6s, 1921
A&O
& Hous.— Ist. 68, gu., 1914
& Pac, let M., 6e,'98.J&J
4odiuBay& So.- l8t,5s,g.,1924J&J
Bo. Carolina— 1st M.,68,1920.. A&O

90
30

Geuernlmort.,

Blireve.
Sioax 0.

2d

5

65
107

ibo'

loi"

15
50

54

Bo. Cen. (N.Y.)— Consol. mort., 5s..

Bouth.

Kansas— 1st,

Texas DIv.,
Inoomp, 6s
'

Ss, 1926..

let, 5s,

Price nominal.

1926

M&S
M&S

79
97I4
871a

90
}

91
321s

106

J&J

mort., 6s, 1931

Income 68, 1931

Porohasor also

pajra

Utloa&BrkR.— Mort.,7s, 'PLJAJiJlO*
Valley of Ohio-Con. 68, 1921. M&S
Ver. & Mass.— Guar. 5s, 1903 M&N 5104
92
Vioksb. & Mer.— Ist, 6e, 1921. A&O

M&N

92
34
721a

& Iron Mt.— l8t,78, '92 F&A

Pierre C.

llO

104

DlT. bonds, 1894

17
971a

88
90 k

43
2d, 4-68, 1921
2
3d, Income, 7s, 1921
Vicksb. Sh. & Pac -Prior lien, 68. el04
Va. Midland- 1st ser.,6s,1906.M&8 113

M&S
M&S
M&S
M&S

2d aeries,
3d series,

6s, 1911
5-68, 1916
4tli8erie8, 3-4-5s, 1921
6th series, 58, 1926
Incomes, cumul., 68, 1927.
General 5a, 193H

Wabash

St.

Louis

113
67
95

..J&J

M&N

& Paolflc-

lst,6x.,7s,'90
F&A
Mort., 7s, 1879-1909,Tr.rec.
2d mort., 78, ext. 1893, ex. .M&N
Equipment 78, 1883
Gen., 6s, 1920, Tr. rec
J&D
Chic. Div., 58, 1910 Tr. rec.. J&J
Detroit Div., 68, 1921 Tr. recJ&J
Cons. mort., 7s, 1907,couvert.Q—f
Ist. St.L. div.,V8, 1889
F&A
Gt. We8t.,Ul.,lst,7s,'88
F&A
2d, 7s, '93. ...M&N
do
Tol., 1st, 7a, 1890,Tr.rec.
Q'ncy
Ilan. &Nap.. let, 78, 1909,Tr. rec
111.& S.Ia.,l8t, 68, 1912, Tr. rec.

A&O

M&N

&

80

Railroad Stocks.

Aek.

80 Pao.Cal.-let,68,g.,1905-12 A&O llOia
80. PacAriz.— l8l,68,190910.J&J 1071a IO8I3
Cons. 58. 1st 8erie8,19i2....M&N 100 lOOis 80. Pac, N. M.— let, 68, 1911 .J&J 107ifl
110
Isi.R.Tr.— 1st 68,s.l913.A&0
16
20
Stat.
Deterred Income
9OI9
102
2d mort. guar. 5s, g., 1926. ..J&J
90
Istpref. inc.,.'is, gold, 1958.. ..F
19
108
14..
J&J
Steuben.
&
Ind.,
Ist
68,
751a
2dprcf. inc., 5s, gold, 1958. ...F
63
631a Stock. & Cop.— 1st, 5s, 1905. ..J&J
3dpref. inc., 5s, gold, 1958. ...F
61
Sunb. & Erie— Ist, 7e, 1897.. .. A&O 118
Sd pref., inc., convertible
J&J 881s 8839 9anb.Haz.&W-B.— let,5e,1928M&N 1021a
Kewgen. mort., 4s, 1958
M&N 98 100
2d mort., 66,1938
Coa]& I., guar.,7s,'92,ex-op.M&S
Sanb. & Lewlstown, 7s, 1896. .J&J 117i«
FhUa. Wil. ABalt.— 6s, 1892.. A&C §102 103
lstM.,7s
5112
Saep.B.&ErieJuncA&O §109 110
68, 1900
J&D {104 105 9yp.Btng.&N.Y.—oon8ol.7e.'06A&0 1341a 135
88,1910
108
Terre
1893
A&O
& Ind.— 1st, 78,
J&J 101%
Trust certs. 48,1921
J&J I0313
Cunsol. mort., 58, 1925
J&D
PtBeCreek-6s, 1992
95
Pittsb.C.A Bt.I..—lst,78, 1900.F&.* 118
1201a Terre H. & Log'pt.— lst,gu., Gs,J&J
J&J 95
1st and 2d, 68, 1913
Pittsb.Cl.&Tol.— l8t, 6s, 1922. A&O U058
50
60
Tex. Cent.-let,6k.fd.,7e,1909M&N
Plttsb.&Con'Usv.— l8tM.7s,'98.J.feJ 118 119
M&N 50
let mort., 7e, 1911
131
Sterling cons. M. 68,g.,guar.J<S.-J el 2 9
125
Texas & New Orleane- lBt,78.F&A
Ptttsb.Ft.W. &C.-l8t,7«,1912Vai 143
Sabine Div., 1st, 6s. 1912. ..M&S
2d mort., 78, 1912
J&J 142 144
rex. & P.-East.D.lst6s,1905.M&S 109i€
A&O 13S
3dmort.,78,1912.:
J&D 9438 94%
1st gold, 6s, 2000
Plttsb. June. 1st 63, 1922
J&J 110
Mch 40=6 40%
2d gold inc.. 58, 2O0O
Plttsb. McK.A Y.— lst,68,l932.J&J 115
9913 99%
Tol.A.Ar.&N.M.- lst,68,1921.M&N
74:% 75
Plttsb. & West.— Ist, 4s. 1917.J&.I
106
rol. A. A.&Gr.T.— let.6a,1921.J&J 105
Pitts. Y. & Asli.— lst,5s,UI27.M&N
115" Tol. A. A.&M.P.— l6t,0s,1916.M&S
100
Portl'nd&Osb'g— l8t68,g.,1900J&J
Tol. A. A.&Caa.— lst,6s,1917.M&s lOOig
Port Royal & Aug.— Ist, 6s, '99. J&J 105
Tol. &Oblo Cent.— Ist, 5s, gu.l93.'5 lOlia
35
Income mort., 6a, 1899
J&J
76
80
Ports.Gt.F. & Con. -4iap, 1937. J&D 102
1021a Tol.Peoria&W.- l8t.48,1917....J&J
95
Tol.
St.L.&K.C.,l8t,6s,1916...J&D
143
oou,M&^
Ben.&S'togBr— 1st 7s,1921
United Co'sN.J.—Cons.,6s,'94.A&0
Kicli'd & AUegh— 1st, 78. trust rec.
do
gen. 48, 1923
F&A 104
5914 60
Istmoit., Drexel receipis
271*
M&S el07 109
SterUng mort., 6s, 1894
25
2d mort. 6s, 1916, trust receipts.
do
1901
M&.S el20 124
6s,
Bicli'd & Danv.— Con.,6e,'90..M&> 101
1021a
IC214
Ca-n. A Amb..mort.. 6s, '89.M&N 102
General mort., 6s, 1915
J&J 115%*llG'i
117
Union
RR.—
l8t,ee,
end.
Canton,'95
A&O
94
Debenture, 68, 1927
8714 UttlonPacillo-let, 68, g.,1896.J&J llSSj, 113%
A&Ci 86
Con. guld, 58,1936
II414
Ist,
1897
68,
J&J
Bloh.Fred.& Pot.-M.78, '81-90J&J
1st, 6s, 1898
J&J II5I2 115%
Klch. & Petorsb., 68, 1915. ...M&N
112 115
1st, 6s. 1899
J&J 117
Elchmond York Klv. & Ches.
Land Grant, 7s, 1887-9
A&O 100%
M&N 102 105
2d mort., 6s
Sink. F., 88, 1893
9338 99
M&S 121
Kich. & WestPt.Ter., 68, 1897. F&A
l'..iO
Oon. Bridge, storl. 8e, g., '96.A&0 ell6
Boch.&Pltts.. let, 68, 1921. ..F&A
II6I4
Collateral trust, 68, 1908 ....J&J
Consol. 1st, 68, 1922
J&D 114lfl
Collateral trust, 58, 1907. ...J&D
95
Some & Carrollt.— Ist, 6s.g.,lP16
Kans.Pao., 1st, 68, 1895. ...F&A llOia
Borne & Dec— 1st., 68, 1926. J&D
do ist M., 68, 1896
J&D 112 112%
BomeWat'n&O.—S.F.,78,1891.J&D 11016 1121a
do Denv. Div., 68
2d mort.. 7s, 1892
M&N U3ia 114
J&J 1071a
do let cone. M.,68,1919 M&N 111
Consol., l8t ex. 5e, 1922....A&0 IO514 105 la
Oregon Short- L., 68, 1922 .. F&A 110 11014
Batlana— l8tM., 68, 1902.. ..M&N 51071a 107S»
90
Equipment, 2d mort., 58
F<S:A 5 97
971a Utah Cen.— 1st M., 6a, g.,1890.J&J
Utah 80., gen., 7s, 1909
t-Jo.&Gr.Isl'd— lst,guar.6s.l925. 103=8 104 14
J&J 107
51
do ext,lst,7s,1909J&J 106
49
2d mort., Incomes, 58, 1925
98
114
Utah & Nor.— Gold 5, 1920. .J&J
984
Bt.L..Alt.&T.H.— ist M., 78, '94.J&J 112

PMladel.A ReadlnK— (Continued)—
ImprOTementmort.jGa, '97.A&0

& Charlotte Air Line 100
100
& West Point
Atlantic & Pacific
100
Aagusta & Savannah, leased ... 100
Baltimore & Ohio
100
Atlanta
Atlanta

. .

do
do
Parkersburg

Ask.

87
105

106

130
88

104
100
50 461a
BeUeviUe & So. 111., pref
100 75
Boston & Albany
100 ZOO
Boet. Con. & Montreal. Pref., 5.100
Boston & Lowell
100 1581a
Boston & Maine
100 1751a
99
Boston & N. Y. Air-Line, pref ..100
Boston A Providence
100 248
Boston Revere Beach A Lynn.. 100 161
37
Brooklyn Elevated., new
Brooklyn & Montauk
100
621a
do
Pref
100 loo
35
Buffalo Rochester & Pittsb
1 00
do
pref
100 95
15
Burlington C. Kapid8& North. .100
Bell's

Gap

California Paciflo
California Southern.
Camden A Atlantic, Pref

88
85
85
87

160
176
100
250
162
40

35
951a

50
91s.

23I4
40
50
Canada Southern
100
521a 52%
Canadian Paciflo
100 Si's 55
13
11
Catawlesa
oO
do
50
1st pref
651s
do
50
2dpref
621a
10
5
Cedar Falls & Minnesota
100
Central of Georgia
100 115 116
8
9
Central Iowa, all aaseem'te pd. .100
IBI4 16%
Central Massachusetts
100
33
do
331a.
pref... 100
Central of New Jersey
100 9118 91%
491a 51
Central Ohio
50
52
do
Pref
50
35
35%
Central Paciflo
100
50
54
Charlotte Col. & Aug
100
19
20
Chesapeake & Ohio. reor. cert. 100
161a 17
do
100
1st pref. do
171a ISijj
do
100
2d pref. do
101
103
Cheshire, pref
100
Chicago & Alton
100 135 140
do
pref
100 160
9
Chicago & Atlantic Beneflciary
4614 47
Chicago Burlington & Nortli.. 100
Chicago Burlington & Qainoy.-lOO lioi* 110%
Chicago & East. Illinois
100 41% 421a
961s 97 »a
pref
do
100
81*
6
Chicago & Grand Trunk
4216 42%
Chicago & Ind. Coal Railway.. 100
do
do pref.. 100 97% 97 la.
107
651a 65%
Chicago Milwaukee & St. Paul. 100
105
1061a
do
pref,, 7. loo 106
106
Chioago&North Western
1 00 llOis II014
do
Pref., 7.. 100 1411a 1421a
47
Chicago Rock Island & Pac
100 107 108
12
14
4
Chic St. Louis & Pitts
100
37ia%
106
do
pref
100 35
116
Chic St. P. Minn. &0m.,oom..l00 37% 38
II3I4
do
pref.. 100 IO4I2 106
1061a Chicago* West Michliitan
100 32 "a 34
80 14
70
Ctn. Hamilton & Davton
100 78
921a 931a
97
Cln. Indlanap. St. Louis & ChlclOO
65
5Z^
Cincinnati N. O. &Tex. Pac. ...100
82
Cln. Sandusky & Cleveland
50 22% 23
t

t

.

89
90
25
42

do

2%

100

281a

113

2001*

23

100

871a 88'8
do
do
Pref..
1081a 110
Clev. & Pittsburgh, guar., 7
50
851a 90
Columbua& Xenla, guar., 8
50

1121a

7
47I3

71a

31a

12>al

8%

132
92
125
110

r

pref.. 100

3i

92

838

let pref., 6.. ..100
100
2d, pref

Cincinnati A Springflold
II2I1 1131a Cln. Washington & Bait

86
86

Bid.

41a.

100 a 34%
57
Clev. Col. Cln. & Indianapolis.. 100
8I4
Cleveland* Canton
Cleveland Akron

& Col

Col. Hock. Val. &T0I...
Columbia & Green vllle.piet
Concord
Concord & Portsmouth, guar.,7

100
100
50
100
100
1 00

38
31*

30

155
175
27 14
23

261*

20

1381a 139

145 155
110% 111
Connecticut & Paeeimipeio
190 191
Connecticut River
70
8t.I..K.C.&N. (r.est.&R.),78.M&S lllia
Dayton & Michigan, guar., 313. .50
dq Clar. Br., 68, 1919.. F&A
Pref., guar., 8.50 1621* 165
do
do No. Mo., 1st, 1895. ..J&,1 114 117
Delaware & Bound Brook
100 I08
lOlia Delaware Lack. & Western
do St. Cha's Bridge 63, 1908
50 13aia
18
Warren (N.J.)— 2d, 78, 1900 ..A&O 118
Denv. & Bio Gr
100 17
46
47
West Chester— Con. 7s, 1891.. A&O 107 >s 109
do
do
pref.lOO
W. Jersey & At. Ist M.,68l910M&S 105
Denver & Rio Grande Western. 100
"9'ii
West Jersey— let, 6s, 1896
11413 Dee Moines & Fort Dodge
100
J&J
20
2»
1st mort., 7e, 1899
do
do
Pref.. 100
A&O 122
2J
25
Coneol. mort., 6e, 1909
Det. Lansing & Northern, com .lOu
A&O
73
West Shore— Guar. 4s
104
104
83
do
do
Pref.lOO
J&J
1«
WestVa C.&Pitts.— l8t,68,1911J&J 107
7"
Dubuque & Sioux City
100
WeatTi Ala.— 2d. Se, guar.'90.A&0 106 107
DuluthSo. Sh. &Atl
23
Weet.Maryl'd— 3d en.,0e. 1900.JAJ 11714
do
Pref
Weat.N.Y.&Penu— lst..^s,1937J&J 94
85
EaatTenn. Va. & Ga. Ry
91a 10
100
73i»
3838'
72
2d m., 3s g.— 5e so. 1927. ...A&O
do
do
let pref.. 100
Wiirren & Frank., l8t,78,'96F&A il2" U6
do
do
2d pref... 100 231a 24
5tiifr
56
W'nNo.Carollna-let,7s,1890.M&N
East Pennsylvania
50
'92'
SQia 80%
Cousol. 68, 1911
Eastern (Maes.)
100
J&J
West'nPonn.— let M., 68, '93. .A&O
109
do
Pref
100 128 129
II0I4
noli
Pitte. Br., Ist M., 68, '96
Eaeternln N. H
100
J&J 110
Wheeling& L. Erie— lat,5s,...19'J6 102 lO.i-'e Elizabeth Lex. & Big Sandy
100
Wichita & Western— let, 6s
105
Elmlra& WlUiameport, 5
50
J&J
Wilm. Columbia & Augusta, 6s
Pref., 7. .50 < 68
do
1181a 120
89
85
W11.& Welrtou- S. F., 7e, g., '96. J&J
lis
Evansvllle & Terre Haute
50
Winona&S.NV.- l8t.,63.g.,ls»28.A&0
Fitchburg. Pref
100 7jia 70
Wisconsin Cent.— new 1st, 58
34
85
5 87
8714 Flint & Pere Marquette
lOo
lucomes, non-cum., OS
98 100
39
40
do
do
Pref... 100
Wia. Valley— l8t, 7e, 1 909
21
Fort Worth & Denver C
100
J&J SI22''s 123
Worc'r & Nashuar-5s, '93-'95. Var. 5103
105
Galv. Harrisb. & San Antonio
Nash. & Roob.. g>iar..5s,'94.A&0 51021a 104
15
13
Georgia PaciUo
Zanes. & Ohio E.— l8t,0s.l916.F&A
95
Georgia
Railroad^ Bank'g Co. 100 197 199
971a
KAl£,ROAD STOCKS. Par.
Grand Rapide & Indiana
Ala. Gt. South.- Lim.,A., 66,pref.. e
Green Bay Winona & St. Paul. 100
9
10
8^t
71a
Lim., B, com
20
do
do
Pref
100
12
3
je
21a
Ala. N. O. &Pac., Ac, pref
90
ffarrisljurg
Por.Mt.
Lan
1"8
J.
&
£0
\e
l^B
13" 17
do
do
la Uoustou A Texas Central
100
def...'e
H
Albany & Susqneh., Guar., 7. ..100 154 158
Huntingdon & Broad Top
50
19'a
Atchieon Topeka A Sauta Fe..lOol 63 14 03%
do
do
Pref... 50
45%

Momed Interest,

—

.

.

e

In Loudon

||

Coupon

otf.

« Price per shure,

1

In Frankfort,

a la Amsterdam

N>7 EMBER

THE CHRONICLE.

17, 1889.]

68»

aHN'SRA.Li QUOTATIONS OP STOCKS AJID BOMD.?— OosrriyuBo.
For 8tcpUw»tl<»ii« n»» Wot«« M W«a< of lHr»t !»«« of Q«i>t»u»a».
lUlIJIOAD STOCKS.

Bid.

MiSCCUJUfSOUS.

Aik.

115>« 117

IlIlnoKi Central.... 100
do L'll 11bc,4 r.<'. 100
IiiiI.R.&W.,i>bi'.ih1.100

95
15

Dec. &. \Vo»t..lOO
Jott. M.AImi..l'<1.100
Kuuttwlia Ji Oblu....
Ho
Ist pref

St.

17 >«

75

2

Kau.C.Hi-ni.itiBir.ll'O
Kail. ('.(.'I'll Jt BpM.lOO
Kan.C^lt.v A Oiiialia...
Keokuk Jc l)(w M..I()P
do
prof.. 100

Klugsl'iivtPonibi'koSO

LakeKrlo

W....100
Pref. 100
L. 8b. & Mich. 8o. 100
Lehigh Valley
50
LI tUe Miami
50
Little Schu'lt'l
50
Long Island
50
Loa. Evaiis.&St. L.100
do.
Pref. 100
it.

do

.

37

.

92

OH
16
57 >«

100

87

do
Pret..lOT
Hemph.tt Cliarl
25
Mexican Central ..100
Mexican Nat., Tr. rec.
Mex. Nat. Const r. Co.
Mtciiigan Cent
100

52%
12%
814

27
85
31
52
91

Midland of New Jersey
MU. Lakes. dcW.. 100
do
pref.lOO
MU. A Northern... 100

Mine HiU & 8.H....50

Mlnneap.
do

&

St.

5
13

L..100

Pref... 100
Mlsso'i Kan.<b Tex.lOO
Missouri Paciflo. 100

13>s

77

. .

Mobile AOhio
loo
Morgan's La.iTex.100
Morris A E'x, gu.,7.50
Nashv.Chat. A St. L.25
Nashua A Lowell.. 100
N'squehoning Vall'ySO
Rew Jersey* N.Y.ICO
N. News A Jliss.Vrtl.Co
N.Y.Ceut.A H.Riv.lOO
H.Y.Ch.ASt.L.newlOO
do
Ist pref. 100
do
2d pref. 100
N. Y. A Harlem
50
N.Y.Lack.AWest...lOO
H.Y.L.ErieA West-lOO
do
Pref.lOO
B.Y. A N.England. 100
do
Pref.lOO

H

e

A San Fr.lOO

26>k

Pref
100
Ist pref.lOO

67
111

A DuUitb.lOO

27)1

67".

114
40

9><

Pref.lOO
97
99
P.Minn. A Man. 100 103 >« 101
Joloto Valley
60
5

CANAL BOND^.

1431s 145

81
:

Ches.ADel.-lst,68,'86

Che8.AO.— 6s,

83

....

.

Homeatake Mln'g.lOi)

100
107

219

12

141s

108H 103%
18>a

72
40 >s

23
25
34

AAO

114''8

Wyoming

1st Pa.D.op.,78,MA8

I3ais

Adams
i26

14%
27

85

100 147
100 111
100 78
Co.lOO 137

Alice
121a Alta Montana.
33>a Argenta
Astoria
91s Barcelona

88

120

N'wcst.. 7H. 1904 JAJ
Paciflo A Atlantic...
Postal T. Cable, new.
So. Tel., 1st mort. b'd»

35%
95

40
130

Mexican

10

ELECTRIC

TRUST

Am. Loan A

Columbia

2458
Peoria Dec. AEv..l00
60
63
Petersburg
lOO
Phlla. A Erie
50 30
Phil. Oirm. A Nor.. 50 <1211«
65
60
Phila.ARead.a88.pd.50
47^8 48
Votiuic Tru.st. cert ..
PhUa. WIlm.A Balt.50 t 56% 67
Pitts. Ctn. A 8t.L..50 a 12
151
Pltts.Ft. W. A C. ,euar.7 149
Plttsb. A Western ...50
Pref. ..50

i

Pitts.Young.AA8ht.50
do
Pref. ...50
Port.Saco APorts.lad 6 124 Is
Port Royal A Augusta
Ports. Gt.F.A Cou.lOij 75
Rens. *8flratoga..l00 I7014
Bloh. A Alleg., oert.
2a
.

A P.,oom.l00

Maverick Land

10

'

!

80

28I4 Oregon Improvement.
100
pref
do

OregonRy.AN.Co.lOO
Blohmond A P'b'g.lOO 105
28S8 28'e Pacilic MaU 88. Co.lOO
Blch. A West PoiutlOO
lOu

7!»

Blohmond York R. A C.
KonicW. AOgd...lOO

90
4i«

35

42
82
8

80
90
5
37
47
si«

87>4

37%

760.

Chicago Gas Trust...

2J

25

St.LoulsB'dge,l8tprel

elOS
e33
«lOi
65

110
55

Memphis Gas

111

Central of

85i«

8i% dnolnnatl G. A Coke

Hartford, Ct., O. L..25

Jersey C. A Hobok'a ',20
Pallm'nPalaoeCarlOO 107is leg
27
271a People's, Jersey C.
San Diego Land.,

2d

pref. oertittcates.

St. Louis Tunnel RR..
8t. l^iiis TranKfer Co.

Price nominal; no <a(e transaotloaa.

5

I

35

Louisville G.

L

Con
iings.APembi'ke Iron
Julia

60

70

115
82

120
86

Le«d ville Consol
Lee Basin
Little Chief
Little Pitts.

50

Mexican G.

A SUr.lOO

Mono

Monitor MAM.
MuulUjn

315

• In

90
25

3-75

1050

•3d
10

5 00

160 '200

•67

•4B

450
575

e^35

•06
•80

•90

300 S^SO
10
35
1^00

70
523
150

3-50

Oriental A Miller
Oioeola (copper)
Pewab'o (copper)
Ply mputh Consol

1

RoDmson Consol..
Silver CUff
Silver Cord ..
Silver King...
Sliver Queen

7'-bo

2-40
8 00

8^30
•OS

Rappabanock
Savage
SlerraNevada

"i'ib

21-o6
5-25
S^OO

100

Potoei
Qttlncy (copper)

50

430
S400
oa

O^S

•60

170

100

3-80

50

•08

6^00

130 185
•OS

100

Standard
Sutra Tunoel....
do Truit cert

4f»i4

•ao
•IS

•50

Navalo ... ,
100
North Star
„....
North Belle Isle
Ophir
10

106

1^2»
•11
•II

Mount Diablo..

•08

125 3^00
•10
•ee

•12

1030
•SO
41 ITioga
Turaado
120 .Union Consol
100 8-60
180
10711 Utah
172
500
Yellow Jacket.
112
BOSTON idlNlNG
104)4 Altouez
25
5
35
l8^ 19
155
Itlantlo
135
S3
69%
Boat.A Mon... (Copper)
S
3
200
Brunaw'k Antimony .5
l3Bit Calumet A Heoia...25 x315 316
I80. 30«.
110
10
Cutalpa Silver
31
19
25
141
Central
18>4 18>«
25
loan iPrauklln
e% 7
35
105
iHuron
«
35
3>a
55
Minnesota
8I4
8
35
133
NaUonal
35 2lis 31%
90 lOsoeola...
5%
25
&>s
Pewabic
113
8>
35
831a
iQulncy
125" •Ridge
3
S%
35
35 176 17S
Tamarack
lt(
>4
nANDVACT>INO.
40% 41
93S
189% 190>4 Iaju. Unen (Fall Blv.) 900
100 112l4'll2««
lAmorr (N. H.)
25
Amoakeac (N.B.) 1000 19.^0 l-JtUt
17a
1:0
Androscog'n (Xe.).100 117
70
Appleton (Mass.) 1000 675 i6'«0
12^
121
99
93>a
(Mass.).
100
Atlantic
43
Bamaby (Pall RIv.l... lU'iH 104
55
92i«! 93
ftt. (P R.>.
Barnan
,rd M
;

. .

60
Cun-solidated. N.Y. 100

10

10
10

Lriorosse

.

N.Y

Purchaser also ray* aooniedlBeerw*.

30

frim Silver

Iron Hill.

Yew

01iarle«t'n,8.C.,Oas.25

';9

Beaver.

Independenee

UA8 STOCKS.

Phlladel. Co. Nat. Oa«.
Pipe Line Certificates.
Poughkeepsle Bridge..

•68
3-2ft

Hector

CiiKO.NiCLK each v'k,
except third of month)

.

iMt.Des. AE.S.Land.5.
N.E.Mtg.Secur.fBost.,
N. Hampshire Liknd 25
N. Y. Loan A Impr't ...
N.Y.A Tex.Ld.,Lim. 50
North River Cons. Co.

A

Gould A Curry 8.. 100
Bale A Norcross. .100

(See Local Securities in

[

I

10

Fre.'Iand

BK'KLVN
HOUSE KRS.

.

•60

S^OO

A:

I

100
lOu

3214 Uolyoke
80c. Horn Silver...

49
Boston Gaslight . 600 1025
Eaat Boston
25
40
4»» Roxbury...
I's
100
13
13H Sooth Boston
100 115
50
42
Brookllne, Mass. . 100 107
40
Cambridge, Maa8..100 171
175 210
Chelsea, Mass
100 111
Porohe8ter,Mae8..100 104
*^ 4%
7% 7 •'8 TOamaloa Pl'n.MasslOO 152
Lawrence, Mass. ..100 132
9
7
Lowell
100 193
11
8
Lynn, Mass.,G. L..100 136>4
214
2>s Maid. A Melrose. .100 108
1'87 200 Newton A Wat'n ..100 1421a
8814 88% Salem, Mass
100 108
25o 6O0. Brooklyn, L. 1
26 103
00
50
50
Citizens', Brooklyn. 20
Fulton Municipal. 100 132
8% 6 Metropol., B'klyn.lOO 87
7a
70
Nassau, Brooklyn ..25 109
74
103 lu6
People's, Brooklyn. 10
92is 93
WUIlamsb'g, B'klyn 50 124

Brookliue (Ma8s.)L'd5
Bruuswit'k Co
Canton Co. (Balt.l. 100
Contlnenfl Cju.Alnip
!C»v. A Ciu. Bridge, pf.
jEast Bos ion Land. ...
Frenchman's Bay Ld.
[Henderson Bridge Co.
IKeeley Motor
iSIauh'tt'n B'ch Co.lOO

•85

"•97

96%

500

100 270
Brooklyn Xnut ...100 305
Central
100 580
Farmers' Loan A Tr.25 530
Frjinkllo
100 169
Holland
100 103
Knickerbocker ....100 142
Long Island
100 165
Manhattan
Mercantile
...100 210
MetiopoUtan
100 184
Nassau
100 125
S. Y. Guar. A Ind..lOO 115
N.Y. Life A Truat.lOO 600
Union
100 000
Uuitecl states
100 eoo

.

•20
•09

600

•10
•93

CO'S

.

300

Eastern Oregon..
ElCristo,
•58
80
Eureka Consol. ... 166 300
•35
811s Father De Smet .. 100
Franklin (copper)
18^00

Trust. 100

Bait. Consel. Gas,

85
9-30 lO-OO

100

Oonsol. California. 100
Con. Imperial
Chrysolite
50
Chollar
100
Oonsol. Paciflo
100
Crown Point.
100

Atlantic

N.Y.

115
3 50

Colchis

68,g.,cp.Arg..'97J&D

Edison
Edison Illuminating..
UuitedStates
United States 111. Co..

l'3.'>

Caledonia B. H
3-20
Cal'm'tAHeala(copp'r) 313
Cashier
10
Castle Creek
Cleveland Tin

43% 44

II514 11538 I.IGHT STOCKS^
Brush, Bait
100
Con8.M.,191178j&D l'!9%
80
Brush Illuminat'g 100
Penn.— 68, coup., 1910 75

loO

Dunklo

700

New England

l-M

3M

37

x32

Tropical

M
41%

•ao

Bulwer

American Bell
100 1991a 200
Amer. Speaking. ..100
Erie

117

•30

,

Buffalo Iron

46

96I4

TELEPHONE.

50 14
41 >•

•9fl:

.100

911^ Desdwoo'I
Denver City Con.

sm

110

lift

4«t

,

Belle Isle

185

South'nA Atlantio.25 70
Western Union
100
78, 1900, M. AN...
II414

83

94 <•
?0
00

•95

Bo»t A Belcher
Bodle
Breeoe
Brunswick..

150
113
80
145

.

17

100

??

300

,

Basslok
Belcher

Bonds

11% Mexican
100 175
N. Y. Mutual Un. Tel..
94
61% Mutual Union 6s....

j

Batland
100
do
Pref.,7.J.OO
tt. Jos.AG'd Isl'd.lOO
Bt.LouisAlt. A T. U.IOO
do
Pref.lOO
Bt-L. Ark.ATexiiKlOO

Adams Cons...
Amador

Amerioaa Flag
Amerioao Coal.

American Dint. rel. 100
1% 2
American Tel. A Cable 78% 81
Bank's A Merch'ts.lOO
General niort. cert.
1% 2>*
Cent. A So. Am. Cable 115
120
Commercial Xel. Co.^f.
PrankUn
100 '23"
33
Gold A Stook
100

, I

Pref

28

30
17
15

.

TELUGR.IPH.

I

do

A

Wells. Farifo

1321s

'

Kicu. t:

35
13
23
15

BXPKBSS ST'CKS

21

110
27 14 27%
62 >« 63 >« CANAL STOCKS.
48 1« 48=8 Chesapeake A Del.. 50 •...
119
114 115
Del. A Hudson.... 100 118
H.Y.N H.AHartf.lCO 230 235
Lehigh Navigation.. 50 » Sll*
23
K. Y. A Nortliern.pref.
Morris, guar., 4
100 »
13 14 15%
do pf;,guar.lO.,100»
».Y. Ont. A West. .100
"4
msC'LLAN KO VS
S.Y. Penn. AOhio ...
BONDS.
do
Pref.
H
Am.WafrW.Co.,lst.es 105
N. Y. Phil. A Norf.lOO
CahabaCoal,l8t,78,'07 112
N. Y. Prov. A Boston. 2111a
101%
911 Col.CoalAIron— lst,68 104
9
a.Y.eusq.A WesfnlOO
33
Cov.ACIn.Bge.5s,3-5ylJ100 1001*
do
Pref.lOO
102
2
5s, 5 years
MAS 9
N.Y. West Shore A B.
17
18
Ga. Co.,N.C.,58...1937|
Horf.AWeat,, com. 100
do
pref.lOO
501s 511a Hend'nBrldge6s,l931 109i4 110
108
8514
Ko. Pennsylvania.. 50
Or. Imp., 1st, 6s. 1910 107
il2
Northern Central... 50
70
73
Oreg.R.AN.l8t.68,JAJ HI
North'u N. Haijip.lOO xU4 146
Con. 5s I9i5 J.AD..I 1031* 1041a
26I4 27
Ocean S3. Co. at guar. 103 105
Hoirth'n Piac., com. 100
90
60 <% 60% Poughk'sieB"go,lot,6s.l 85
do
Pref.lOO
Korw.A Woroester.ioo 179 14 I79i» St. L. Bridge A Tun—
136
10
Ist. 78, g, 1929. AAO el33
8
Ogd. A L. Champ. 1(>0
88
Tenn.C.Al.— T'nu D.68
Ohio A Miss
100 221s 23
92
91
Blr. Dlv.l8t.6s, 1917
84
87
do
Pref.lOO
14
.niSC'LLANKOUS
Ohio Southern
15>s
100
STOCKS.
Old Colony
100 174 14 174iai
30
27
Amer. Bunk Note Co..
25
Ojia. A- St. L. pref.lOO
65I4 55i«
4313 44 •« Amor. Cotton Oil trusts
Oregon Short LinelOO
7ia
7%
30:%
Asplnwall
Land
10
30%
Oregon Trans-Coat 100
714
7
5215 52=8 Boston Land
10
Pennsylvania RK. .50
61s
BM
Boston
Water
Power..
6
7
Fensacola A Atlantic

do.

inilVINO STOCKM
211a 221a
A SAN. rBAlT)

Val. Coal. 100

611s llmerlcan
United States

.

Tii" 130

(N. Y.

Whitebr'st FuclCo.lOO

LeblgnNav.- 4ia8,'14 HI
BR. 6s, reg., '97,Q-F 115 117
Con V 6s,g.rg.'94M AS HI'* 113

19
74
41

.

37
85

Maryland Coal. ...100
Ills
11
100
OntanoSU. HIn'g.lOO 321a
PennaylTanla Goal. 50 391
Qulokallrer Uln'g.lOO
8
do
pref.lOO
87
T«nn.CoaIAIronColOO 354
do
pref.lOO
94

New Central Coal

log's 109

A

"7

23
31

Bid.

Mntualof N.Y... .100
Standard Oas, pmf. ...
K. Orleans O. L.
loo
Portland, Mo., O. L 50
St. LoulaOasTrust. 100
l.4Mlede, St. Louis. 100
San Pranelaeo Oaa ....
Wash'ton UltvO. L.30

s-rocKK, N.y.

Collat. trust, 58

Del.
H.-78. -gLJAJ
Ist ext., 1891. .MAN
Coup. 78. 1894.

54

Vme mLLkmmovn,
Bqultabte, K. Y...100

COAL A raiNINU

LeUgh A Wllkesb.Coal
Manuall Com. Coal..

'70.Q.-J

190>4 1901s Del.Dlv. 6e, 1398....

Ask
175

.

Oihal^aCoal
107
Oamwron IronAConlSO
Qol«rado Coal A 1. 100
flOt,*Ho<ik.lOO.OAI.
OonaoI.Ooal of Md 100

it.

03 >« Tex.Pao.LiindTr'tlOO
10
rol. Ann .\rl)or AN.M
24
18
Tol. A Ohio Cenfl.lOO
30
57 '8
do
Pref.lOO
50
45
Tol. Peor. A Western.
18
50
O. N.J.RR AC. Co.lOO »223'4
anion Paciflo
6438
lOO
125
dtah Central
100
213
UtlcaABIackRiT.lOO 123
95
Vt.AMa8s..l'8ed.6.100 132
15
Vioksb. A Meridian ...
>«
I4
82
do
pref...
71rgfnlaMidlana..l00
13
T8ba8ha(.L.APao.lOO 13
9I4
do
Pref. 100
26%
28
Warr'n(N.J.),lVd,7.50 142
84 is
851s W. End pref. (Bos.) 50
West Jersey
50 « 66%
65
West Jersey A Atl... 50 « 50
93
Western Maryland. 50
10
West. N.Y.A Penn. 100
60
711a Wheel. A L.E. pref. 100
71s SVll. Columbia A A.l 00 1 10
16
Wllm. AWeldon,7.100 110
13% Wisconsin Central 100 16%
7714
do
Pref.lOO
39hi
lOis Wor.Nash.A Roch.lOO 129is

Bid.

ITO

Co
.7514 75I«
Union St'k Yds. ATr. Co 105 III
Wagner Palace Car (;o. 115 120
West End I.And (Host)
32*4 32 la

Bilirar Rtillnpilrs

ASo....

r.

Tnmt

Standard Oil

A

Maine Central
Man. & Law'ce
100 x210
931*
Manhattan, con... 100
.

do
do
Paul
do

A

KuoiLuincoos.

12
40
10

toab'd A RoanokclOO
touth Carolina
100
11
9
3OI4 Southern Pao. Co. .100
26
24
17\ 8'we»t., Qa., g'd, 7. 100 128 129
Syr.Blng. AN. Y. 100
09i>e 99^ 3am!nltBranoh,Pa..'iO
0%
S>9
53>« oSH Sunburr A Lewlat..&0 t 51
16914 169% Terre H.
Ind'uap.SO
92
$ 69
70
Texas APaolfla...lOO
23is 23%

10
47
100
100 123

& Ont.

L. Van.

It.

83

Pref. 50

Harq. H.

It.

A(k.

10
25

LotdsT. A Nanhv..loo
LoulgT.N.A.*(;hio.lOO
Mahoning Coal KU.50

do

lAUlsLM.

n. Loula

75
Kan.C.Ft.8.AMein.lOO
Kan.O.l't.S&O.pf.lOO 133" 135
45>(

Bid.

Chicago. .

St.

8>9

4'1>1

A

pref
do.
8t. L. Ft.S. A W. cert.

Inil.

70

Louis

8m Mm

Loudon.

«

OMtattoa per share.

THE CHRONICLK

590

GBNBRA.L QUOTATIONS OF STOCKS
For Bxplaaatloas See
BtAKUFAC'iNO Stocks

Border aty Mfg. (P.R.) 130
Boston Co.(Mas8.)1000 975
100 163
Boston Belting
Best. Duck (Mass.jTOO 1150
107 »«
-100
(Fall
Riv.)
Chace
Clucopee(Mass.) ..100 104
Coclieco (N.H.)....50<> 425
7%
OoUinsCo. (Conn.).-iO
34
Oontiuental .Me.). 100
Cres't Mills (F. B.) 100
46
Crystal Spr. B1.(F.R.)
Davol Mills (F. B.) 100 105
66
Dougl's Axe (Mas8)10C
500 680
DwiKlit (Mass.).
50
Everett (Mass.)... 100
F. R. Ma(lihieOo..l00
Flint Mills (F. R.) 100 115
Franklin (Me.)
100 ii5
erbnY.Mill8iF.R.)100 113
.

Grauite(F.K.)....1000

Great Falls (N. H.)100
Hamilton (Mass.) 1000
Hartf. Carpet (Ct.)lOO
100
Hill (Me)
Holyoke W.Fower.lOO
Jackson (N. H.)..1000
King PhUip (F. R.) 100

Laeoma(Me)

400

Lancaster M.(N.H)400

Lake Mills (F. R.)
Lawrence (Ma88.)100ti
L'rel

liowell (Mass)

Ask.

Bid.

100 110
Bates (Me.)
Boott Cot. (Ma88.)l000 1315

691

9U0
161
85
250
9U0
103
472 >a
575
105
1520
5yo
137
680

Lowell Bleachery.20t
Lowell Macli.81iop.50<

Lyman M.

(Mass.). 10'
Manolieeti r (N.H.) lOn

Mass. Cotton
1000
Mechanics' (F. R.) 100
Merchants' (F. R.) 100

1320
132111

1000

100
100
100

2t5
103

Shawnint

100

.410

State

Baudw.Gla88(Mas8.)80
Bhove (Fall Riv.). 100
Blade (Fall Riv.).. 100
Btaftord (Fall Riv.) 1 00
Stark Mills (N.H.)IOOO
Xecumseh (F. R.). 100
Thorumki(Ma8,s.)1000
TremontAS.(Mas8)100
Troy O. *W.(F.R.1500
Union
I. (F.R.) 100

(F.

1520
595
I37I3

685
t5
I17I2

1090
11)5

1221s

1175
70
157
105

570

1001* 101

91

SCO
1510
1200
117isl25
82%! 85
100
12213
120
225 235
25
30
100 lOi
60
55
110 115

R.)100

1145
117

1210
126

55

Bank of baliimore IOC
Bank of Commerce. 15

60"

45
looa
143
16

I9I4

Com.
J'arir.ers'.-lOO 129
FariLerB'B'kofMd.30 32
Farmers' & Merch .40
67
<fe

.

Farmer8'<SiPlanter8'25
First Nat.of Bait. .100

Franklin

60

Gterman Ajuei loan

Howard

15

lO'ii

133
571*

46
1251s

90
110

3

30 '36'
Meclianics'
10
121*
Merchants'
100 131
National Exch'ge. 100
People's
2u
19
Second National ..100 150
Third National
100 109
Dnlon
75
WesteiM
20 3113

92

Blackstone
Boston Nat
Boylston

Broadway
Bunker Hill

100
100
Central
100
City
100
Oolumbiau
100
Commerce
100
Commonwealth ... 100
Ctoutinental
100
Eagle
100
Eltot

1(K)

Everett
E:ichange
Faueuil Hall
First National

lOG
100
100
100
First Ward
100
Fourth National.. 100
Freemans'
100
Olobe
100
Hamilton
100
Hide & Leather ... 100
Howard
100
Lincoln
loo
U*niifnffMfpT.p*
ion
MCEWk

* ,frioe

134

13
133ii

125
19Hs

162
112
83
136

Vi'2^ 123

nils 112
120 1201a
Ib8l4 I3dis
110
184
128

187
132

137

119% IVO
l(i5H 106
125
124

98

102

I3214 1321s

141% 142
238

Ask.

Bid.

137
108 14

Ne»v York.
America

';'30

Aniilu-Caiiforniau
of California
First Nat. Gold. . . .100
180
14014 1411s Paolflc

Bank

100

13014 American Exch'gelOO
9OI4 .Asbury Park Nat. 100
Boweiy
100 22'5
1401, 141

130

90

Broadway

112% 113

25 270

PIKK insuu'ge:

10 i
233
280

STOCKS.
Boston.
American F & M.

,2'i5

132

I

90 "s 91
112
111
142
141
1211s
121
IIOI4 llOifl

10(

100 2311«
25 115
100 150
Brooklyn
100 213
50 340
First National
100 140
40 167
Pulton
Importers' •ii Tr...l00 409
50 340
City National
50 155
60 150
Irving
Commercial
100
Leather Manufts..lO0 200
Long Island
118
100 160
Lincoln
.Manufacturers'
130
Macison Square. ..100 100
50 235
Mechanics'
50 161
100 235
Manhattan
Nassau
Market A Fulton.. 100 183 183
Cblcago.
25 iHOis
Mechanics'
American Etch. Nat..
122
Mechanics'* Tr.. .25 170
Atlas National...
119
100 1!)5 175
100 180
Mercantile
Chicago Nat
50 115
Merchants'
(JominercialNat.-.lOO 200
Merchants' Exoh'e 50 113 118
Continental Nat... 100 116 117
III3
100
100 258 2621a Metropolitan
First National
100 235
Metropolis
Fort Deii rborn Nat
108
140"
200
100
Mount Morris
Hide and Leather. 100
224
5li
Merchants' Nat.. .100 360
Murray Hill
50 i'55
Metropolitan Nat. lOd 1871*
Nassau
100 23713!
Nat. Bk. of Amer..lO0 139
New York
Nat. B'kof Illinois.lOO 207
N. Y. Nat. Exch'gelOC. 123
Northwestern Nat 100 800
New York County 10( 210
137 14o
lOi
100 170 175
Ninth National
Cnion National
Un.8tockY'd8Nat.lO('
200
North America .... 7( 146 152
140
3(
Clucluuatl.
North River
2.'
200
Atlas National
90
Oriental
70
167
.5(
613
Cincinnati National,.
Pacific
50
184
10(
(Citizens' National
Park
181% 190
2.'
190
Commercial Bank
People's
105
128 1321a
2t
National..
Kiiuitable
145
Phenix
Filth National
Produce EschangeK'O 110 113
100
150
100
Republic
First National
259
.100 120
18')
Fourth National
Seaboard
320
.100
Second National.
German National
145 150
100
Market National...:.
Seventh National. 100 120
100 2"3"6' 132
Merchants' National.
145
Shoe ii Leather
100
Natiiinal Lalayette. .. 280
2U0 iSixih National
125
IOC
Ohio Valley Nat'l
134%
Ist. Nicholas
100 108 113
Second National
State of N.Y
1971s 200
110
95
148
Third National
143
Third Natioaal ...loo
40 102
ffostern German Bank 195
Tradesmen's
Hartford.
United States Nat. 100 210
100 102
921a
^tnaNat
Western National .100
100 175
American Nat
50 60
Wist Side
Charter Oak Nat.. 100 lt.2
105
Pblladelplila
100
35
City
90
B'k of N. America 100 3:0
130
50
Oonnecticut River 50
48
Ciiy Naiioi.al
50
106
Far. & MbOh. Nat. 100 1<.2
Commercial Nat
100 100
First Nat
Commonwealth Nat 50
100 160 153
tiartford Nat
CouHoliilalion Nat. 30
100
Mercantile Nat.
100 241
80
871s First Nat
162
54
64
National Exchange. 50
Farmers'&Meeh.N. 100
100 118
PbcBUlx Nat
St. Nat'l.... 100 i'lo"
Fourth
"93"
100
lOt
90
Independence
State
100 230
40 llOis
United States
Giiard National
Louisville.
50
631a
Keystone Nat'l
B'nk of Commerce
121
122
Manufact'r'rs'Nat.lOO
421?
lOo
Hank of KcutuckylOO 168 167
Mechanics' Nat
Bank of LouisvillelOO 991a 101
Nat. B'k N. Liberties 50 163
50
Citizens' National .100 118
120
Peun National
100 117 lis
City Nat
Philadelphia Nat.. 100 241
l''alls City TobaccolOO
100
107 108
Seventh Nat
Farmers' of Ky ...100 109 110
50
Southwark Nat
Farmers' & Drov..lOO lOt
105
50
80
Union
First Nat
100 175 176
50
Wcslcrn Nat
German Ins. Co. 's. 100 iy4 13 J
Portland, me.
German
100 175 180
50
Cumberland Nat.. .40 48
German National 100 1S9 140 Canal Nat
100 153 153
Kentucky Nat
100 ld4 135
100 141
143
CascoNat
Louisv. Banking Co. 40 255
ICMJ 112
H5
257
First Nat
Masonic
110 120
100 136 13^
7,^
Merchants' Nat
Merchants' Nat. ..100 144 146
131
National Traders'. 100 132
Northern of Ky ...100 124
126
Hichmoud, Va.
People's Bank
119
120
2o
City Bank
281a 30
100 116 117
Second Nat
100 140 142
First Nat
Security
100 170 171
130
Merchants' Nat... 100 11:8
Third National
100 139 141
Nat. Bk of VlrginialOO 108
100 130 131
Western
100 145
Planters' Nat
New Orleans,
State Bank of Va.lOO 119

Germania
Greenwich
Hanover
Hudson River

1

.

'

239

129ii 130

Bank

Canal

of

Commerce. 10

& Banking.. 100

100
110 112
100
Germama Nat
IUOI4 HlberniaNat
i',0
100
Louisiana Nat.. ..100
92!li 93
12.T
127
Meti'opolitan
100
12214 123
100
Mutual Nat
113ifl 114
New Orleans Nat. .100
110 112
50
People's
"5
l on
«Mh State Knt
Citizens'

nominal; no late traisaotlons.

t

9

150
40
ISO's 185
165
155
133 158
1221a 123
131 134
523 700
70 la 75
147

33

1

'O

Last price ci.U wee i.

Louis.
Commerce. .100 455

St.

B'k of

100 340
Continental
100 170
Fianlclin
...100 190
Fourth National ..100 133
100 90
International
lOOi 135
Mechanics'
Merchants' Nat ...lOOi 105
St. Louis National.lOO 130
Tliird National
..100 100

160

Commercial

§

uuoiationa per shaia.

140
100

225

1321a 160

.

100
100
100
100
100
100
50

246
107
291
130
82

243
112

173

177

Steam Boiler
New Orleans.
Crescent Mutual ..lOl)

3:10

German American. .75 114
German Exchange. 100 200

.

6719

63

220
144

Hartford, Conn,
/Ktua Fire
Connecticut
Hartford
National
Orient
Phosnix

Fourteenth Street. 100 155
Gallatin National ..50 25-1
Garfield

Bid.

100 99 100
Boston
100 148I3 149
Boylston
100 80 >2 81
86
b5
Dwelling House. ..lOu
Eliot
100 113 120
Firemen's
100 182 183
40ifl
40
Manufacturers*. ..100
100 113 1151«
Mass. Mutual
Mercantile F. & M.lOO 116 117
6
Neptune F. A M...100 74'*
North American ..100 100 102
100 100
Prescoit
75
73
100
Washington

Butchers'ife Drovers25 175
140
Central National.. 100 133
inOi4 160H Chase National ,..100 230
25 230
134% 135 Chatham
100 3800
111% 11"2 Cheinioal
100 340
122s 122% City
160
Citizens
23 ll7 110
139
132
(Jolumhla
103
151
Commerce
100
I MO
150
110 Hi
130 I3CI4 Go umerelal
12^is
130
152
Continental
100
151
Com Exchange . . . 100 220
1601s 161
25
165
195
East River
l.S.'S
25 150
Eleventh Ward
1301s 131
100 2000
102 10214 First National
142
129
Fourth National. . .100 ls9
12^
100 173
126 ISO's FitthNaiional
100 950
Fifth A venue
106% 107

220
lAO

Insurance Stocks.

San Francisco.

Nat
100 1211a 124
Whitney National. lOo 2.0 210
tTnion

9314

.

lOSHi 106
12514
123
l'^4^ 125

133

Bank Stocks.

Ask.

of ttnotatioas.

. . .

IOI4

Boaton.

100
100
100
100
100

(Washington
ffebster

Pii-j;e

.

Marine,

Atlantic
Atlas

100
100
100
100
100

Tremont
Onion

I

XLMI.

AND BONDS—Oonoluded.

of Firvt

•

Ualttiuore.
10

&

{

Head

Brooklyn.

42
Wllllm'tlc Lineu(Ct)25
York Co. (Me.)
750 1000

Citizens'

Ihoe

Traders'

975
108
175
580

1140
115
1200
125H
873
i25
CM
Wampanoag(F.R.)100 110
Washmgt'n(Mass.)100 45
Weed Hew. M'e (Ct.)25 "5*5'

Weetamoe

Kooktand
Seoond Nat

Leather. ...100
100
170
SuUolk
100
100
851s Third Nat

69
Newmarket
500 350
PaciHo (Mass.)... 1000 1500
Peppsrell (Me.
500 1190

Robeson (F. Klv.) 1000
Sagamore (F. Riv.) 100
Salmon Falls(N.H.)300

.

Jeourity

96

N. £. Glass (Ma88.)373

)

Bid.

100 93
Vlarket(Brlghton) 100 133
250 108
Massachusetts
Maverick
100 228

163 1« vieohauics' (8o.B.)100
100
liOO vlerohandiae
112
100
Merchants'
U6 itetropolitan
1 00
100
426
Monument
100
«. Vernon
35
Vew England
100
671* Sorth
100
Sorth America.... 100
OlilBoston
100
66 ii People's
100
700
Redemption
100
IOC
60
Republic
100
Revere

Merrlmack(Mas8)1000
Metacomet (F.R.) .100
Middlesex (Mass.). 100 155
Narragan8'lt(F.R,)100 102
Nashua (N. H.)....500 565

Pocasset (F. R.)...100
Elch.Bord'u(F.R.) 100

Bank Stocks.

noij Market

147
1085
100
1171s
1170

Naumkeag (Mas8.)10)

iVotes at

[Vol.

lactors'and
Firemen's

'Jr.

86

104

4Sia
..100 Xl2lfl
51
50

100
100
Hibernia
100
Home
50
Lafayette
Merchants'MutuallOO
Mechanics' &Tr...lOO
New Orl's Ins. Ass'n 30
New Orl's Ins. Co. 5C
luO
Sun Mutual
100
Southern
loo
Teutonia
New ITork.

Germania

.

117
67

American

Bowery
Broadway

25
25
2u
70

Citizens'

City
Clinton

lOt'

Oommou wealth.

..100

OF

1,5

75

5»ia

59I3

114%

......

19
23
123
83
12Z

110
130
liO
107
80
93
178

—

PRICES

70

71

lOo
40 100
73
100
95
30
Exchange
100
50
Farragut
Fire Association ..100 1<5
75
ll
Firemen's
German-American lOo 2aO
143
50
Germania
50 110
Globe
2h 200
Greenwich
oO
100
Guardian
83
16
Hamilton
50 1,3
Hanover
100 118
Home
nOifl
4o
Howard
3u 112'
Jefferson
16J
.20
Kings Co. (B'klyn)
80
30
Ku ickerbocker
78
Lafayette (B'klyn) .50
-5
100
Liberty
70
Long Isl'd (B'klyn). 50
Mauuf. <fe Builders' 100 luo
85
Meclianics' (B'klyn)3o
70
50
Mercantile
73
50
Merchants'
hO
Montauk (B'klyn).. 5t
125
50
Nassau (B'klyn)
SO
37ia
National
165
3,
N. Y. Equitable
07
lOu
New York Fire
60 133
Niagara
H9
25
North River
150
2.)
Pacillo
33
100
Park
20 1,30
Peter Cooper
73
50
People's
98
on
Phenix (B'kiyn)
25 120
Rutgers'
50 lOO
Standard
77
lOo
Sterling
93
25
Stuyvesaut
145
25
United Stales
10 133
Westchester
WilUaiuMburg City.. 3' 270
Continental
Eagle
Empire City

55
120

Sola

1000 120
50 135

Alliance

50
15

24
26
li5
b5i«

125
135
150
118
160
113
115
85
,

181
•

90
105
108
113
85
293
150
120

215
60
95
130
132
170

85
85

90
120
95
80

76
85
135
95
170
75

160
60
154
80
103
i30

J

107

80
100
150
145
.80

BXCUANGB

atBItlBERSUlPS.

N.Y.Stock
Ladt sale, N.jv
N.Y.Cousol.Sloekit Pet.
Last sale, Nov. 14..
N.Y. Produce
Lasitale, Out
N.Y. Ck)tton
Last sale, Nov. 3....
N.Y. Co Bee
Last sale, Nov. 13..
N.Y. Metai
Last sale, Sept... ..
k'lEst E.xoh.iiAuc R'm
Last sale, Nov. 14..
Boston Slock
Last sale, Aug
Philadelphia Stock
Last sale, Sept
Chicago Board of Tradi
Last sale, Nov. 9.

22,000 bid.
22,000
730 bid.

730
1,600 ask.
1,500
1,100 bid.
1,130

673
SOU
75
60

bid.
bid.

1,150 bid.
1,132 "a
12,000 ask.
12,000
2,800 bid.
2,600
1,600 ask.
1,600

NOVKKBER

TUE

17, ISaS.)

('nTU)XlCLE.

Juuestmewt

P6«l

Bo AIM,
K»iiiiwb»AOIil<>itatwkNnr
K.>'. I''t H.liMi'iii
llliubli
I

itailvaacl lutclligcuce.
ITie Investors' SappLKMRwr, a pamphlet of 133 pages,
contains extended tobies of the Funded Debt of Slates and
Cities iind of the Stocks and Bouils of Railroads and otfur
Companies. It is publiiJied tn the last Saturdaj/ of fceru

L.
_

to others at $1

"

I

wkOoK

til

'ii't'iimr...!
|.Iiily

ether mouth-viz., January, yturch. May, July, September and November, and is furnished without extra chargt
to alt regular subscribers of the Chuonicle,
Extra vopiet
are sold to subscribers of the Chboniqlb at 50 cents each,

and

li.n.k ,v Ml'

'^"'"'' '"i'""'''

Uut);.Kv..iHt.i.

'

Vov
Xtv

\n\ vvk

lUt

UiI'n a**'"Lo"i«vN/>
^^'""" ^"

i

I

>vk

iHi
lint
I

lit

The Geverai Quotations of Stocks and Bonds, occupying
pages of the Chronicle, are now published on the
third l^ittiirtlaj- of each month.

tMox. n.

i,,
.'8,133

WK

N'ov

30,':20

78,774
7,878
1,341
168,

trtl.

wk Nov
wk Nov

,v Tex
nil wk Got
hit .Viit.NYth 2 wkH Oct

RAILROAD EARNINGS.
ireefc

or it"

Mobile A Ohio
Ocu.bor...
N»sh. Ch. AHt.L. October

Natchez Jac.AC |3 wks Oct.
Now Brunswick. .\ii!<n»t ..

Jan.

1888.

1887.

I lo LtUttt

1888.

.

1887.

8ei)t'mber.
l?8.02l! 180.9.19 1.515,685 1 ,48,3..151
Atcli. T.
8. Fe. Sejifmb^r. l.lll.860|l,5O«,2(il ll,23f,992 13,634,173
Atlitnta I& Cliar jAuKUtit
10:j.!iaO
105,008
8 19,'. 16
.8^,963
Atliuitii & W. Pt,. .Sepl'mber.
31,802
39.39.")
280,511
274.102
Atlnntlc A Pac.. Ut wkXov
65.827
54.3-12 2,417,176 2,219,385
B.AO. East Lines October
1,404,0-1« 1,480.531
Western Lines. Octubcr
403,9001 467,753

A

. .

Bait.

Boech CrfCk

133.970

iSept'uiber
iSipt'inlier.

C7,7ti8

Butt. Hoch.ji Pitt 1st wk Nov
Bar.C.Rap.&iVo.iOttiiber ..
Cairo V. & Chic list wk Nov
Oftl. Soathcni
3d wk Oct.
•Camclcu ic Atl'i Se'pt'iuber.
Caniulia ii PiiciHc st wk No v
Cp.F'r.VYart.Val Octiiber...
Carolina < cut.. :Scpt'iiiber.
Ccu.ltK.itBx.Co.s pfniber.

34,982
330,85 i
16,432

..

. .

1

19,751
75,I4S
306,000
35.080
41,112
64«,3«1

Ceutnillowa ...llth wk Oct
40,li;9
Central of N.J. l.-cpfiiiber. 1.32-'.J12
Central Pacltic •.\iif;ii8t .
l,o26,f>55
Central ot S.
|.\nKii8t
7.519
Cent. Veriu.'Ut l3il wk Oct.
62,929
Oharlest'u &8av|Au};iut
32.211
Cheraw ,fe iJarl lAuKimt
5,981
Chcs. AOhlo
llthwkOot 138.779

C

Ohes.O. AS. W.
Che^.

wk8 Ocl.
Au«nsc ..

|3

& Lcuolr.
A Atlautic.Il.s-.wkNov
.

137,411
6.703
HS.Sll

129;0J4
02,717
43,381

1,623.053

319,(!03

2,274,02.51 2,400.998

1,140,500

1,0(!3,906
5.31,841
1,80:<,037

68>,3:i7

17.006 , 619,y0l4
31,416 l,263,26ll
62.504 , 582.1.88
303.000 10.982,430
29,128
267,530
-54.483
362.2J8
784,702 l,s95,08i
37,846 1.132.031
997,120 9.70!),826
1,367,206 10,222,057
6,4'<9
65,685
63,733
30.327
370,01-1
5,427
i7,767

<

49.436

572.782
9,471,135
222.X51
351. il4
4,331.961
1.079.122

6.00:

A I\Iar

wk Nov
Cln.N.O. AT.
IstwkNov
Ala. Gt..South UstwkNov
1

9,921

st

10,421

62,958
68,987
32.1b2
32,17
N. Orl. A N. K. st wk Nov
19,009
10,53
VIcksli. it .Mcr 1 st wk Nov
13.3;i
10,963
Vlcks. Sh. A P
8t wk Nov
17,62N
18,2.6
Erlaut'cr 8V8t Ist wk Nov
113,328 14H.6al
Oin.litch.AFt.W 1st wk Nov
7,016
9,120
Clu. 8cl. ii .Miih.. Hcpt'iuber
11,266
13,.5'.»»
Oln.\Va.sh.Alialt. IstwkNov
39,192
48.011
Olev.Akron ACol'4th wk Oct
18,810
15,B4
Clev. A (.'antuii -.•^trpt'niber
31,559
36,19
Clev.CoI.c. A ind i.Scpt'iiiLer.
432,868 413,3.
Whole s> stem. .October ... 737,738 806,913
Olev. A Mariettii 1st wk Nov
5,889
7,20:j
Color. MiiUaml
1th wk Oo
48,432
Ool. ACiii. Mid
1st wk Nov
6,183
"7il7i
Ool.Ilock.V.AT. Istw!, Nov
73.74'.'
72,776
Deuv. A Klo Or. 1st wk Nov 147,000 178,50(1
Deuv. A R. O. W. IstwkNov
27.475
21,Oo:
l)cn..i.P'kAPac. Sept'iuber.
105,711
130,8U
Dtt.BavC.AAlp
pl'nibor
33,34
43,50:
Det.LansVANo. 1st wk Nov
19,224
22,69
Duluth 8.S. A All. dopt'niber,
183,388 191, -O'E.Ti'iiu.Va.AGa. IstwkNov
116.138 ll.">,98^
Evans.AInd'plis IstwkNov
3.843
5,571
16,21i
Evausv. A T. U. Ul wk Nov
11.213
Flint A P. Marq. Ist wk Nov
41,146
50.59
Fla. H.ANav.Co. Aii)?ii8t
58,717
64,15:
Ft.W.ADeu.Clty 1th wk Oct
39,231
19,28:
(Whole syBt'iii.lOulober ... 230,000
Georgia Pacitlo [Ithwk Sept
52,585
34,711
a-. P.ap. A lad... st wk Nov
49,46'
42,806
Other lines
ilst wk Nov
3.745
4,09
Brand Trunk ... Wk. Nov. 3 418,310 417,551
Gull Col. A 8.FP. .Sepfmher.
349.608 305,38'.
Hous.ATex.Cen. 4th wk Oct 108,872 106,75
Uumc8t'n.\£8lieii 'J, tuber..
17,000
16,72:
ULCeu.dll ASo) October. 1,807,416 1,258,19)
Cedar f A Mm. October ..
11,37(9,13
Dub.A.'<limx C.Octobi r ..
94,860
89.526
la.Falls AS.C.IOitober..
79,467
81,411
1-.

1

1

1

1

]

.

;

.

!

I

.

Iowa

lines

Total

all

Inrt.DecVWpst

;

Oelolicr..
o.tolier...
Oiliiiii-p.

185.7('5
1
'

273.121
;i(i.:i07

4 1,.39.',
3,067,362

2,H21.3'-'ti

l,'26!>,7il

1,281,311

702,27i
377.014
444.219

4 13.;<93

3,860,61

40".,8.56

56 .'.833
461, 68
5,580,46:1

343,498

356,206

77,1 2
1. 774.8 19

74,8.1
1,860.613

558.67U

469.772
270,827
3,305,254

2.S ,914
3,167.3ia
6,119,912
234,761
1,101,3l9
310,1-2
2,370.917
6,518.891
1,116,697
931,261

356,<.34

875,093
1,071,981
4,723.681

£07.728
727,778
2,045.307
674,748
852,949

e,5:3,l85

23-,814
275,931
2,352.100
6,697,3.57
li7S,-J'.'3

9'>2,><48
:)(i6,3<2

973,459
1,080,516
4.126,313
201.528
7:;(;,3n
2,19T.>>76

667.775
571,208

913.526

8.'''8.673

1,9J8,543
170.866

2.011. :63

15,47 1.282
2.105,11(1
2,157.-.8^

16..->:il.i:i5

Mo.liS1.--J-..'.H'2

2,21;i,907

123,70-

12M.619

9,351,41:<
82,1;'5

9..')20,504
9."..()l':

688,073

6-<1.120

6.38.980
180,110; 1.429.24-

56:1,2 1
l,3l.-..156

l,138,.3()l 10.7S,i.(i!>l

3«.61o

:((('.. :o;(.

10.-(:'>,!>60
::.-.!.

•J.<6

OS

1

.1,5
:il5-

l.SO.OOO

iin.iii,

237, 8i

'0

231,121
186,169

•.18

253,170
282.621
10,242
7s,H58
3,175,790

11

2«.',4-IO
26 •.021

2,57-.5-4

13,7211

1I3..'j55

2,.120.810
1.30.000

56.401

50S.72a

l.lC-ll.liOJ

71.000

11,412
55,999
2,455
37,920
405,196

,

r

9,3(;6

399,046

61.129

'.li.O

.'.'1,796

4.37,729

2,301
36.631
362. 143

„

.

|1,932.783 1 .9G8.612 5,034.!I7.-.
2.023.682 2.135,1.81 13.4'J(;.-i
Tot.bothCo's.. Sept'niber 3,93-,46>|4,103.694:2S.461.'
Pitts.AWesfm jlstwkiNov
38,881
10,994 1.7(12.1. 1'
P'rtRoyal AAuir. .\ iiKiist
22.162
15,S05
21«,.='89,
Pt. R'alA W.Car.lAuifu-t ...
15.363
24,937
203.418
Preacott. A Arlz.,Octoljer.
10.914
101,880'
7,176
Rich. A AUeKhy. Sepfmher.
36,287
62,823
4 8, 09,
1

1

KAW.P.Tcr.CoRich. A Dauv. October...

563.3

Va. Mid. 1)1 v.. October..
366.000
A A. Olv.lOctobcr... 115.750
A Or. 1)1 V October
69. soul
West. N. C. l)iv October ...
e-.'.s'io;
W. O. A W.Dlv. October .
12.200,
Ash. A Sp. l)lv. jOcttiber .
10.900;
Totjil all
.Octob r
.
1,000,300
Rich. A Pclcrs'c 8e, t'mber.
l-'.720'
C. C.
Col.

Chic.
43,49'
1.845,4771 1,87;<,176
Chic. Burl. ANi.. IScpi'iulier.
19.'^.792
17.-,0((2
l,:;,")fl,938
1.7.-<6.409
Chic. Bnrl. ,t O iScpfinlpcr ;2.475.144 2.464,924 16,58^.313 -^0.290,934
Chic. & Kaxt. Ili. 1st wk Nov
47,703
53,2i(
1,8.1.41'-, 1,7:)9,819
ClUc. Aliid. (JoaiUstwkNov
10,51i)
11,020
439.0651
3 2,217
CUlc. iMiL.tSI.P. list wk Nov! 037.000
OS.I.gtl 20.61 1.500:20.8 14.068
" "• "
Chic. A N'tliw'n |^^optinbl-^ 2,714,274
2,853.61 18,636. 57 19,5l:-'.756
Chic. A Oh. Rh O.lolior...
0,035
5,J0-.49.3;)0
56.!)C8
Ohlc.St.P. AK.C. OctolHT..
270,571 237,: 20 1,869,975 1,351.018
Chlc.St.P.M.iO. Stpfuiber
650,802 702,1811 4.601,206 4,849.015
Chic. A \V. .Midi Ist wk Nov
24,- OS
29,903 1,213. 23
1.209.41)8
Cln.Iri(1.8t.l,.AC.'.\ii»fiint ..
241.876 237,453 1.700..571 1,7.17.504

Cln.Jack.

1.281.989

j

44,2411

41.721

21,1)

A Rcad'n. |K.-pfiuber
Coal A IronCo. |8ept'iiibcr

323.504

51,018

21 280

.fl''«.!>3l'

87,Ct-

Phila.

8,51,5,839

1,51 '1.163

53..-,

|

8,484,192
53,21u

1,569,087

,

,

1,154.509

137.4.-0

148,484

130,337

310,835
472,017
110.718
85.039
Omaha A .St. L Scpl'nibcr.
28-,739
309,883
Orej^on Inii). Co .Sept'inljer
3.724.097 2,071,431
OroK. R.AN.Co. .Scpt'inlior.
623,0'iOi 487.246 4.507.272 3,805.306
Orei;. Short Lint .Se|it'iuber
244,248i 182.572 1.895,1 -•6 1.474.900
„
Pciuisylvauia.
8(pfiul)er 3,285,426 5,006.568 13,356,976 11,039,674
PcoriaDee.AEv.jlst wkXov,
11.469,
14.719
Petersburg
Scpfm^ier
25,310
Sl.V.iiho
28,179:
266'.3V7
Phila. AErie... 8cpt'niber.
447.032 339.5'23 3.262.519 2,071,091

|October... l,-6-.946 1,948,287

A Potomai

Ul

02
60,700

I71.26-*

Ohio River ...
IstwkNov
Ohio Southern
October
Ohio Val. of Ky lat wk Nov

. .

,

o.m:io!

N. Y. Cen. A U.K. 'October.
.1.5:<4,900:2'-i. 2-18 191
20,8io;o99
N.Y. L. E. A W. |Aii:,iiS',.... 2.44u.7'ii. 12.41 1.><:j1 I7.66H.146 17.240.608
N. Y. A Now EiiK. ;8cpt'nil>er.
301,128 484.232 3,924,202 3,710 071
N. Y. A Noilhern Itli wk Oct
14.654
l.'',276'
N.Y. Out.,tW.. l.-twkNov
28,263
29.0771 1,459.2'S5,
N.Y.Sns.A W.. Sept'uilier. 1.30.445 131.023 l,059,423i 1,327,888
008,197
Norfolk A West Ist wk Nov
103.205 106.810 4,143.2271 S.S08,8«S
N'thcastni (8.C.) Alixust
34,730
32.373
410.182!
345,106
Northern Cent'l JScpt'mber
56t»,205
432.632 4.628.897; 4,679.180
Niirthcm P.uilic Ist wkNov 439,934 401,*-20 15,0113.141 ll.n4.22a
OhloA.Mlss.... IstwkNov
75,1-6
93,304; 3,24><..^00 3.538.422

DaH.

Allegheny Val.

Total

i7

30,572
98,533

118,'
-li

lc'^l^h•^

Beporltd.

11.1.870'

wk Nov

,.

'

17

57,973

03.0-

Mo. Ivan

Samingt

TO

411.

r...

;""•''

lix

Lalttt

•1)1
I,

7,>*37

per copy.

Roads.

111

1

V
'

31'

29

"k S IV
Nov

I-'

2:i

287.

.

I

.
.

.

.

.

.

UonieW. AOk..

.\U(jiisi

3.'^:J.;i62'

IstwkNov
wk .Nov
8t. L. ASauFran. IstwkNov
St.l'aiiKViOnlutli Oc olicr...
St. L.A.Ar.ll. ,15s

St.L.Ark.ATex

St.P.Miu.

A Man.

October

.

Oal.llar.AS.A.jScpfiuber
West. ,Scpt*iiiber

lAuiis'a

Morgan's LAT.

.-^ep

'nibcr

N. Y. T. A .\Ie.x. Sipfnib, r
Tex. AN. Orl .Sept'n.ber.
Atlau'csysten, .Sejit'nibei

3.760,618
1.526.7.56'

21.326'

75,752

775.121

81 9.182
300. .57

579.6:i9

462,075

423,131

703,56 J

743,^21
836,438

iOO.lSl

125 ,.5901

3..5S6.1I0
1.3-12,328

7,4-<5.<J7l

162.9621

972.600 1,061. SOO;
()-,!'
100,141
72,S36i
77,768
57,957
U5,638|

936.7331

163,628
74,112
463,167

8' 1.300
2.130.235
5.1-3.211
1.394,167
6.661.197

2.166.72:1

12I>.8S2' 4.832..M3

18,412;

3
'2

2iJ2,128

690.906
428.016
579.705
11,81 O,
101.803
100.165
10,158
95. .492'
61.173
9ll.300i 7.242..892, 6,798,303
195.09:'
10.2851
172.316
317.774 2.152.276 2,023.145

82.888,

320.495
83,298
388.908

^2

326,:)49;

127.9-8

12,831
75,000
100,838

n.fi03..531

711. «27
190.055

109.228,
65.80I1
62,3041

17.400

1st

S.Ant.AAr.Pas,t.|Oi::oliiT.
Scioto Valley
Hipi'mbcr
Seab*rd A Roaii.;Scpl*ni''er
Seattle L.S. A E. ISepl'mber
Shenandoah Vai October...
South (^'aroUna Scpt'uiber.
So. PacinoCo.-

537.800
151.000

1

l.-.:85.18..

96,643
112,257
295.09
72, 36
373.838
17,102
109,993
871,266

(69,180,

2,746,460
690,2 l-J
3,519,987
96, 105
1,036.279
8,089,1

421.947

2,383.558

607,836
2,954,907

123.20O
917,023
40 6.991.421

Paciilc system Sept'niber

3,138.0.88 2,.34<',5.*7 23.933,4 1 4 20,500.078
ToUilofall.. Sepl'mber 4,074,821 3,411,823 34,022,4 .3 27,492,400
So. Pae. KR.— ..
No. 1)1 v. (Cal.) August
217,24r,
16-,071 1.313.076 1.127,.580
So. iJlv. (Cal ) August
542.207 494,132 4,442,809 2,678,145
Ari/.ona l>iv
Aiii;ust...
16.'.3u7i 12 .',4 18 1,44-1.067 1.087.318

New.Mcx.Dlv.

Auijiuit

Spar. L'li. A Coi .VuKust...
8tulenl8.Rap.Ti Octolier.
Suiumit Branch
ictobcr ..
Sutro runnel. .. Scpt'oiber.

Texas A Pa<^illc Isl wk Nov
ToLA.A.AN.M'h IstwkNov
Tol. A Ohio Cent. IstwRN.v
Tol. P. A W.-st
l8t wk Nov
Tol. St.L. A K. C Sepfinlier
..

.

S.p 'mbcr

5

10.230'

6.8031
62.3071

131,>>77
11.97(«

146.85:i
l-',-'12

23,375
17.803

.

Union Pai'iUe

8-',812l
60.50.'.

.

I^O.O'

2,0H7.UO.'.

Valley of Ohio.. October...

tiL',i| .!,

IstwkNov

06,678
701.267

Wab. Western...
Wab., E. of .Miss

Augmt

...

West N. Y. A Pa lat wk Novl
Western of Ala Bepfmber.
Sept'mlier
;We8tJer»ey
W.V.Cen.4Pltta 8i pfinber
WbeeliiiKAL. E. IstwkNov
Wil. Col. A. Aui{. Augiist
II

Wisconsin

Ceil.

*

And branohea.

t

Iiiclndrs

..

UtwkNov
;

;

6/,000,
a:4,39i

llO.s ,6
67,51::

086.;i99

1. 6.18

(.3.9- 1
80>.(i:i9

1.221.-3.
,«.469l
212.81.7
183,2,51 3.200. 110
S65,.il3
11.803

172,-ls

21,843
22.806

l,01.i,3i.2

759.140,

184.775
42.!)30

753,172
l.OSi.636
180.273
4,9111.078
44!l,l i:>
8--..',i;.i
8ii',-<.,..

4-..662

,7j3,9-0 1.J92.90.'. 20.' 81.843
17.714
5 ,,30^;
,,,..Mi;i

124,r;l4| 4.8
703,1,38' 4.1I

37,1

0!

52.4;o<l

i:..ii4:<

14 .Mj

46,3 *(.
75,171

74,18;

4!>.2-'l;

Mezloui eoirenor.

2.7(1.-

317.1 1;
1.21 1.767

47.15-1
8

13.-..0I

I

I

4<i5.:470
71.'.«lll
4:.2.i,<:;t

3, 2- 1

All

991

,!.)ii,-.'70

1,167.152
.: 69.676
6J1.,V27

413.727
3.183.366

Mam inrtwlll

.

whole systouj from Fort Wortlk to Denrar, bat not earning*

on Joint track— Pueblo to Xnniilad.

-

THE CHRONIOLE.

692

Latest Gross Earnings by Weeks.— The latest weekly
earnings in the foregoing table are separately aummed up

as

follows.

week of November there is a loss of 4-77 per cent
in the aggregate as compared with the same week last year,
For the

first

39 out of the 60 roads reporting have contributed to the
decrease. The Presidentiar election doubtless in part explains the generally poor results.

and

Atlantic & Pacific
Bullalo KocU. & Pittsburg.
Cairo Vin. & Clilo

65,827
S4,982
16,432
306.000
38.311
47,703
10.540
637,000
24,868
9,921
62,958
32,182
19,009
10,963
18,216
7,016
39.192
5,889
6.183
72.776
147,000
27.475
19,224
116,138
3,843
14.213
41,146
42,806
3,745
4,971
6,169
3,376
43.795
17,555
293,735
43,117
55.133
30,620
78.774
58.996
21,280
28,265
103,205

Canadian Pacinc

& Atlantic
& East. Ills
Chlcajro
Ind. Coal
Chlca^ro Mil. & St. Paul...
CUlcaaro & West Mich
Cuioumati Jack. &. Mack.
tan. N. O. & Texas Fac...
Alabama Gt. Southern
New Orleans AN. E
Vlcksburg & Meridlaon.
Vicksbiu'K Shrev. & Pac.
Mnclnuati Rich. & Ft. W.
Chicago
Chicago

<fe

Cln. Wash. &. Bait
Cleveland <Se Marietta

Ool. & Cin. Midliind
Col. H. Val. & Toledo

Denver & Kio Grande
Denver & E. Grande We st.

B

& North
EastTenn. Va.& Ga

Detroit Lans.

Evansville
Evansville
Flint

&

Indianap...

&T.

& Pere

H

Marquette..

Orand Rapids dtlnd
Otherlines

Kanawha &

Ohio

Keokuk & Western

EUn);stoni& Pembroke...
Lake Erie A Western

l<oulsv. Evans. & St. L...
IjOulBviileA Nashville

&

IX)ul8vlllB N. Alb.
Chic.
Louisville N. O.
Texas.
Memphis
Clia'-leston...
Mexican Centi'al
Milwaukee L. 8h. West.

&

&

&

Milwaukee & Northern...
New York Ont. A West...
Norfolk (feWestern

Korthern Pacitic
Ohio & Mississippi
Ohio Elrer
lio Valley ot Kentucky.
Peoria Dec. & Evans
Pittsburg & Western
Bt. L. Alt.&T.H..branches

4.59,934

75,186
11.412
2,455
11,469
3S,8S1
17,400
82,888
127,988
140.853
16.212
23,375
17,803
106,678
67,000
15,649
75,171

O

fit.

Bt.

Louts Ark. & Texas...
Louis & San Fran

Texas

<&

Pacitic

Toledo A. A. & No. Mich..
Toledo & Ohio Central...
Tol. Peoria & Western
Wabash Western
Western N. Y. & Penn....
Wheeling & Lake Ene

WUconsin Central
Total(60 roads)

Xet decrease

Increaee.

1887.

1888.

Itl week of November.

3,966.903

Decreofe.

11,485
8,399

480

...
1,069

500
6,029
2,388

993
966
31,500
3,475
3,468

156
1,728
1,997
9,444
6,660

352
190
1,136

496
711
5,948
57,125
3.631
2,840
19,952
19,759

315
212
812
3,605

58,il4
18,118
1.816

154

2,301

3,280
2,113
3,926

14,749
40,994
21,326
75.752
126,882
183,281
11.805
24.843
22,806
124,794
57.400

7,136
1,106
1,468
5,003
18,116

9,600
1,107

985

4,165,523

108,441

£07,061
198.620

—

r—Jan. 1 to Oel.ZX.—.
October.
1888.
1887.
1888.
1887.
Roads.
*
Baltimore & OhioLines E. of Ohio R. Gross. l,<IOi,046 1,480,534
Net...
554,635 605,683
rjnes W. of Ohio R.Gross. 463,900 467,753
Net...
134,871 137,612
Total whole sys,tcm.Gross. 1,867,946 1,948,287
Net...
689,506 743,295
Kash.Chat&St.Louis.Gross. 282,620 265,024 2,578,583 2,520,810
Net...
117,846 114,917 1,057,026 1,132,073
Ju'y to Oct. 31
) Gross.
1,088,568 1,066,530
4 months
JNet...
454,813
490,050
£ummtt Branch
Gross.
131,877 172.818 1,221,832 1,088,636
Net...
25,.544
71,214
181,037
88,851
Gross.
95,953 115,^79
LrTkens Valley
845,540
623,987
Net...
5,494
30,307 def. 16,287 defl0t),532
September.
Jan. 1 to Sept. 30
1888.
1887.
1888.
1887.
Pac. Gross.
Net...

.

Grand Trunk of Can. Gross.
Net...
Cliio.

Det
•Kan.

& Grand Tr... Gross.
Gr. H.

Wy.

&
&

Not...
MU.. Gross.
Not...

No... Gross.
Net...
April 1 to Sept. 30 > Gross.
Bmonthe
JNet...
touts v.N.Alb.A Chlo.Gross.
Net...
C.

105,711
def.

298

—

,

130,81S
831,261
34,135 def. 35,627

£

£

£

362,315
123,316
50,255
10,526
21,338
6,445

390,708
143,328
61,226
18,226
23,861
8,572

2,725,601

$

$

7t>8,808

479.070
113,433
167.910
39,511

$

982,848
88,859
2,134,610
931.335
51?,500
135,007
181,610
41,796

$

30,209
12,641

161,868
71,521
234,895
111,871

223.494
86,099

345.586
108,288
43,203
22,919
168,311

367,945
116,815

61,385

6,635
244,248

..Gross.

1 to Sept. 30 )J Gross.
12 months..
jNct...
Richm. & Petersb'g Gross.

18,720

.

.

o,8n

Net... def.

30 )? Gross.

12 months...

5

Jan. 1
1888.

.

to Sept.

30.^

1887.

Net...

1,180,625
236,772
423,483
137,942
3,434,219
1,498,386

1,118,034
183,794
341.710
27,879
4,167,102
1,572,512

139,337 l,6f8,938 1,283,982
14,749 df. 114,913
158,721
182„572 1,895,126 1,474,909
79,785
849,912
501,055
28,179
315,850
266,377
df.20,599
90,835
85,447
410,103
348,346
138,122
118,554
195,091
172,516
20,285
68,125
del. 334
54,»28
254,164
224,389
85,416
96,014

Co.—

So. Pacitic

PaoiUc system
Total of

,

Gross.
Net..
Gross,
Net...

all.

r

Roads.
So. Pacific

RR. Co

North'u Div.

3,138,088 2,1540,557 25,933,414 20,500,978
1,280,831 1,132,513 9,44B,50a 9,284,070
4,074,821 3,411,823 34,022,435 27.492,400
1,573,074 1,425,187 11,658,073 10,959,407
Auguit.
r-Jan, 1 to Aug. 31.-%
1883.
1887.
1888.
1887.
.

—

(Cal.). Gross.

217,245

168,971 1,313,076
88,739
580,495
494,132 4,442.809
262,920 1,073,366
122,418 1,448.067
50,222
277,010
51,658
686,399
23,194
187,846

Net...
111,919
South'n Div. (Cal.). Gross. 542,207
Net...
111,983
Arizona Division... Gross. 162,397
Net... def. 3,613
New Mexico Div... Gross.
8.5,812
Net...
26,096
* Not including earnings from U.
Chicago St. Paul & Kansas City.

S.

1,127,580
519,823
2.678,145
920,029
1,087,318
473,861
484,775
217,92*

mail or rental lor trackage to

ANNUAL REPORTS.
nanhattan Elevated.
("For the year ending Sept. SO, 1883.^
At the smiaal meeting of the shareholders of the Manhattan
Railway Co. the following Board of Directors was elected
:

Chapin, Sidney Dillon, Cyrus W. Field, Jay GouH,
Geo. J. Gould, Edwin Gould, R. M. Gilloway, John H, Hall,
J. Pierpont Morgan, Russell Sage, Simuel Sloan, Simon
Wormser and S. V. White. The Directors elected the following offlcfrs: Jay G.iuld, President; R. M. Galloway, VioePresident; D. W. McWilliams, Secretary and Treasurer.
The report for the year showed the following results

W.

C.

:

4,107

14..542

l.n6,499

1,679.500

598,706

60.^.071

1887-8.

Gross earnings
Operating expenses.

$7,000,567 $7,426,216 $8,102,662 $8,073,871
3.967,983
3.960,191
4,970,450
5,201,050
Net earnings.... $3,032,584 $3,466,024 $3,132,212 $3,472,821
1.459,043
080
1,806,393
1,554
1,554.080
and
rentals.
Interest
il,578,13z $1,918,741
,...$1,573,511 $1,659,631
Balance
1,560,000
1,560,000
1,560,000
Deduct dividends
1,300,000
. .

$18,132
$618,74
Surplus
$13,541
$99,631
Out of this surplus, $513,770 lias been paid out In settlement o
damages to property.
The following is a statement of the number of passengers
carried on the elevated railroads in New York, and the gross
earnings, since the completion of the roads :
*

1878-79..
1879-80..
1880-81..
1881-82..
1882-83..

Passengers.

Earnings.

46,045,181
60,831,757
75,585,778
86,361,029
92,134,943

$3,.526,825

4,612,976
5,311,076
5,973,633
6,386,506

A comparative statement of
lines in the past

Passengers.
1883-84.. 96,702,620
1884-85.. 103,354,729

1885-86.115,109,591
1886-87..158,963,232
1887-88..171,529,789

passenger

<SfH(.

Second Avenue
Third Avenue
Nhith Avenue
Total

30, 1883.

32.290,953
68,308,460
53,115,985
17,814,411

Sixth Avenue

The balance

trafiic

Earnings.
$6,723,832
7,000,566
7,426,216
8,102,662
8,673,871

on the several

two years makes the following
Tear ending

exhibit:
Year ending
Increase

Sept. 30. IHbT.

30,532.079
66,575,'"54

45,204,992
16,650,717

'88 over'87

1,758,874
1,733,006
7.910,973
1,163,694

171,529,789
158,963,232
12.566,557
sheets of September 30, 1887 and 1888, were as

below given
BALANCE SHEET SEPTEMBER 30.
1888.
$14,014,000

Assets—
Cost road and equipment
Stocks and bonds

12,291,fiO0

Real estate
Supplies
Due by agents

Due by companies and individuals
Cash on hand
Sundries
Profit

and

Bills

992,195
223,921
192
1,400,792
130,326
490,746

—

lossdefloit

$29,563,672

Total
Liabilities—
Capital stock
Capital stock preferred
Stock agreement

1888.

$25,210,770

500

payable

lutRrest

Dividend

Due wages and stipplies
Due companies and individuals

.

80,230
I,2a0,351
419,946
203,758
826,578
00,968

Bonds and moi-tgages

2.^9,400

Sundries

678,248
560,923

Profit

l,fi82,183

1886-7.

1885-6.

1884-5.

36,428

74,186

104,001
10,515

108,957
25,310
Net... def. 8,912

Petersburg

2,104
P,827
1,314

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 month and the totals from January 1, and also the
totals for the fiscal year on those companies whose fiscal year
-does not correspond vith the calendar year.

&

.

588

46.748
57.973
50,572
98,533
58,681
21,068
29,077
106.810
401.820
93,304
9,566

,

Net...
Gross.
Net...
Mexican National.. .Gross.
Net...
Oregon Short Line. Gross.
Net...

Guadali^ara Div.

Oct. 1 to Sept.

5
2,471

3.50,860

.

Net...
Gross.

>

3 months
JNet...
Uexican Central... .Gross.

5,125

(1-77 p. c)..

ttoads.
Denver. So. P.

July 1 to Sept. 30

Oct.

5,186
5,577

16,210
50,590
49,466
4.097
5,161
7,305
2,880
43,081
23.503

—

s

Roadt.
Memphis & Charles .Gross.

574
3,000

5,ft71

.

—

September.
1888.
1887.

.

$

$
54.342
43.381
17.006
3C3.0OO
43,497
53,280
11.020
635.931
29,993
10,421
68.987
32.177
16.538
13.351
17,628
9,120
48.019
7,203
7,176
73,742
178,500
24.000
22,692
115,982

[Vol. XLVII.

and loss surplus
Total

$29,563,672

$27,852,687

NovaMBKH

THE CHRONICLE.

17, 1888,J

ChiMgo

On

another pa^e will be found the report of the Preiiidnnt
company for the year ending June 80, eivind all dereKanl to the prog;rei8 and condition of this propjrty,
without which details its mere statistics would he of little use.
Like the leadinx Western r.ads, it shows the ciTect of th > Ute
war of rates, but, unlike some other companies in the same
territory, it shows a continuous increa'te not only in frei)<ht
tonnage and passenger mileage, but also in gross earnings,
and that, too, notwithstanding the drawbacks pertaining to a
road which, for the period under review, was only bait com-

of thii

tails in

plete.

Mr. Stickney's remarks are worth noling on the Inter-State
the yoke which it has imposed on railroad
managers. The law ought to be fair for both sides, ami the
more the subject ia ventilated and the public educated to
understand the point of view of both railroidg and people,
the sooner the friction and uncertainty will be removed and
the law amended and crystallized into proper shape.
This system, starting in 1885 with the Minnesota & Northwestern Railroad, which set out to give the Illinois Central
a connection to St. Paul and Minneapolis, has become an
independent system of 813 miles owned and S8 miles leased,
covering a territory of great importance, as may be seen by
its map in the Investors' Supplement.
Out of eight leadmg Western railroads operating in parts
of the same territory only the C. S. P. & K. C. shows an increase
in its gross earnings during the first nine months of 1888.
The following is a summary of operations during conatruo
_
tion from Oct. 3, 1885, to date, showing the progress made in
various directiona in spite of drawbacks of unflaished road

Commerce Act and

and low

rates
9 mos enrlinff
Year ending
June 30. 188d. JuneSO, 18S7.

Gross receipts
Oper. nxpense>,
and Insurance

Temr ending

June 30,1X83.

f28a,G23

*l,21ti.410

$*J,315,517

199,485

799,911

1,816,523

$93,137
92,000

$116,499
345,170

$l9^,903

taxes

Net Income
Interest

n<J5,7i!5

Rentals.

163,826

Balance.

$l,137or

At. - mUeaj;e
owned
andoiwrated
Gross earns, per mil'».
PasaeuRcr luileage

$ J60 SSajr

$71,338er

109

8S5
$',247
8,199,490
3 000
71,164,2a8
1-260

$2,684
2,070,489
K'.to perpass.pr.milo..
3-03o
Tonnage mileage
16,293,297
Rate per ton per mile..
l-23c
.

-

608
$3,703
22,350,472
2-34C
187,092,5<i5
•8000

Including $64,001 59 brouglit fonvard.

GENKKAL BALANCE SHEET

JCTNB 30, 1888.

Autis.

Costof roatl, including terminaU
$39,8.75,501
Cost of e^iuipment
2,0O5,y7«
Carrent accounts receivable, fuel and other supplies on
hand
497,783
Cash
626,370
Balance of income account
260,353
$43,246,191
Ziabilitiet.

First mortgage bonds, M. & N.
First mortjcago bonds, C. St. P.

W. RR. Co

Income bonds

$9,628,000
8,580,000
7,9Sl,70O

Stock

14,S',t2,y00

&

K. C.

R'way Co

Tliree-year notes due in 1891

1,200,000
2,100

Coui)OU8 due January 1, 1888
Coupons due July 1, 1888
Voucliers, payrolls and current accounts...

448,250
613,241
$-13,246,191

Chicago

&

Atlantle Railway Company.

("For the year ending June 30, 1388.^
The figures showing the earnings and expenses of this company for the year ending June 30, 1883, were in the Chronicle
of Nov. 3, on p. 530. The pampalet report has now come to
hand, and from the remarks of the President, Mr. Jas. H,

Benedict, w« have additional particulars. It should be understood that the company is in fact piying interest on first
mortgage bonds to the amount of lf6,825,000 at 4 per cent,
making $373,000. as 4 will be the rate under the reorganizition pl.n given in the Chronicle of March 19, 1887 (V. 44,
Ttie interest charge elsewhere given in the report, as
p. 309).
also in the rt turns published in the Chronicle of Nov. 3, make
the interest ^charge |390,000, being the full amount on the
first mortgage bonds at 6 per cent, which is nominally the
amount char^e<ible till reorganization is completed. The suit
for fi reclobure of both mortgages is pending and argument has
just taken place in Chicago to procure an early decree of sale.
The following statement gives evidence of the steady growth
of the company's business, both through and local,
MEHCIlANDrSB FKEIUUT (EXCLUSIVE OF COAL.)
Years.

Local
Local
Lr>cal

thron^ili

TliruHch

188.V6
1886-7
18b7-8
1885-6
1886-/
1S87-8
rate per ton per mile,

Tons.
275,1549

324,371
565,697
466,709
672.471
015.282

Jtevenue.

$253,352
343.992
528.825
458,173
789,063
830,490

Salep.
p.l.p.m.
I.
0-725 o.
0-884 0.
0-745 0.
0-363 0.
0-j36c.

XUrough
0-.^02 c.
Average
all freight (Incl. coal)
6-511 o
" The increase in revenue from local freight in 1888 over
1887 was over 50 per cent; and through the continued incr«a»e
of this traffic alone we must hope to realize the highfr average
rates per ton per mile on all traffic enjoyed by the oldtr Chi-

cago

69»

Pant A Kanwu City Kailway.
(For the pear ending June 80, 1888J
St.

lines.

Sw »25o".0ob.^
irrATKME.-.T

ur

•"'• Tncf«aaeaoor net •mntngm

'

icAKiiiaoi

aru (xrainM ro« the

WorklOK exprnsei

man tiam.

rAirr

18R6-7.

OroM Mmlnga

•I.^M-tai
(laolnd. taxei) 1,108,'364

l»l»7-».

•l.»S2>M
1,482,416

Not eamInK*
~$277,16«
•010,127
Percentof work'gexp. toeitm's.
go
74-32
70-M
The following is a brief income acoonnt for the
year
ThenetearnlDOT for IBS') («• above)
Cash reoclved from other souroea than eamlogs.."..,,.;..."... iwo I**

gfll^JJ

Wa?,*!*

Applied substantially as follows:

luterosr on e-|iiipnient truHt bondR
97 tiia
""' "'">•'«»«« oou,i,M.::":-j:".::::r273i3S

a

&Ti'nd'."r"Dt"^™'''"'

C.
O.

Ind! sinklnjr fund ".'.'.".'.'.""'.'.
A W. Int. trustee's fees

A W.

^8^
"Z-t

Equipment aooount, looomotlvea

"
"
K<|iupment account, oars
.'JJ,'
•.•.•••
„
conotructlon acoonnt
legal expenses
Honey deposited to Indemnliy •nretiei"I"'.'.H".llli;ii;"''.'"*
New

Kxtra

''°"''

aSi
?5y
tv^
TTi

tjSoa

$627,33*

GENERAL INVESTMENT NEWS.
Bell Telephone.— The importance of the recent United
Supreme Court decision appears to have been somewhat overestimated in the market. This decision merelv

States

fettled

the

patentee

point of law that the

who swears

Government may sue •
be

falsely in obtaining his patent that

bplieves himself to be the first inventor of the thing patented.
This allows the case to be tried on its merits, but leaves all
the proof of fraud to be made, which proof the Bell pcopl*
say cannot possibly be made.

Called Bonds.— The following bonds have been called for

payment

Northern Pacific—289 of the general first mortvaice
bonds have been drawn for the siLking fund, and will ha
paid by the Central Trust Coqjipany on presentation, at 110
and accrued interest, interest ceasing January 1, 1889. The
numbers of the bondsdrawn are given

in the advertisement in

another part of this issue.

Lehioh Valley.—The £1,000,000 sterling or $5,000,000
gold sixes class A consolidated mortuage bonds, 226 bonds,
numbered as below, will be paid olf at 100 on Dec. 1, 1888,

when interest will cease:
Nos. iO, 83. 114, 115, 117. 150, 190, 204, 225, 227. 240. 255.
277, 295, 360, 367, 369, 370, 400, 410, 437, 507, 511, 525, 570, Ssa!
591, 613. 650. 652,670,677, 70'2. 707, 713, 718, 74». 760. 776. 84©!
850, 863, 870, 896, 907, 923. 936. 977, 984, 1.024. 1056. 1 OTbL
"
1,117, 1,118, 1,184, 1,212, 1,231, 1,256, 1,283, 1,270. 1.277, 1J04.
1.316, 1,322, 1,.332, 1,351, 1,375, 1,381, 1,405. 1,«54, 1.460. 1,4S0,
1,490, 1,484, 1,612, 1,529, 1,568. 1.604, 1.608, 1.624, 1,648
1.72«.
1,739, 1,740, 1.749, 1.751, 1,794, 1.817, 1,859, 1.870. 1,171. 1.878,
1,902, 1,922, 1.935, 1,950, 1.95.», 2,007, 2,030, 2.042. 2,047 2.072,
2,080, 2,089, 2,098, V.IOO, 2,101, 2.154. 2,171. 2.17S, 2,19f 2.230.
2,233, 2,276, 2,288, 2.333, 2,349, 2.351, 2.SB1, 2,378, 2 382 « 461'
2,48fi, 2,495, 2,497, 2,501, 2,511, 2,533, 2.,5:t4, 2.5.15, "
'-r.3
2,577, 2.590, 2,(105, 2,619, 2,625, 2,- 22, 2,729, 2,747
-o'
2,946, 3,003. 3,040. 3,084. 3.093, 3,l(i2. 3,149, 3,238.
1.7,
3,320, 3,348. 3,350, 3,379, 3,412, 3,428, 3,439. 3.479. .i..-,
...M)ii,
3,525, 3,540, 3,548. 3.568, 3,602, 3,613, 3.650, 3.664, 3,672. 3.676,
3,681, 3,684, 3,699, 3,716, 3,725, 3,729, 3,766, 8,792. 3,8(>1. 3.809,
3,822, 3,864. 3,878, 3,921. 3,928, 3.985, 4,002. 4.045, 4,080. 4.096,
4,134, 4,139, 4,147, 4,149. 4,160, 4, 164. 4.107, 4,211, 4,264. 4310.
4,372. 4.400. 4,416, 4,424, 4.431, 4.492, 4,536, 4.654. 4,.577. 4.578,
4,594 4,601, 4,666, 4,692, 4,705, 4,728, 4,737, 4,812, 4,89S, 4,864,
4,913, 4,953. 4,973 4.990.

"

-

Chiengo Sc Atlantic— Mr. Turner, of Turner. McCIure ie
Rolston, counsel for the Farmers' Loan and Trust Company in
the suit for the foreclosure of the Chicago
Atlantic's
two mortgages, has returned from Chicago and states that
the arguments have been closed, and the case (aken under
advisement by Judge Gresfaam without any intimation as to
how long he will take to decide it. The Chicago & Atlantic
operates 270 miles of road from Chicago to Marion. The first
mortgage was made in 1881, and is for $0,500,000, and the second is fcr $5,000,000, made in 1888, but not all is$aed.
The
interest on the mortgages was in default November 1,
Messrs. Johnson
18S4,
Sclick, of Chicago, appeared
for
the Chicago
At'antic Company and diJ
not
resist the foreclosure.
They, however, gave proof that the
Chicago
Atlantic is earning its operating expenses and
interest charges on the first mortgage bonds, as may be seen
by the annual report on another page.
The suit for foreclosure is in pursuance of a plan for the
reorganizition of the bonded indebtedness of the road, which
provides in part for a new issue of bonds of $13,000,000 in
amount, bearing 4 per cent for fire years, 8 percnt thereafter,
W. and $100,C00 only ot
gold, guaranteed by N. Y. L. E.
stock to be held by that company; there will also be $10,000^000 of 5 per cent non-cumulative income bonds. Mr, TnrMT
says there is no probability of a change in the plan.

&

&

&

&

&

Mahoning Tallej.— The consolidated 5 per
company to the amount of $1,500,000 wer*
week on the New York Struck Exchange. The pro-

CleTcIand

St

cent bonds of this
listed this

ceeds from the sale of these bonds will be used to doublc-tncsk
the road from Cleveland to Youngstowo, Ohio, and to construct additional terminal facilities in those cities.
Very (oil
details concerning the property are given in the app!ioati(i»

THE CHRONICLE.

594

to the Exchange to list the bonds, and for purposes of reference and record the application is given in full in another
column of this issue of the Chronicle.

Denver South Park & Paciflc—The Central Trust Company has begun a foreclosure suit against this road in the U.
Court in Colorado, on the consolidated mortaiage of
$2,500,000, and interest, which has not been paid since January,
1884. An effort is being made to settle the matter without
further proceedings in court.

S. District

Internationnl & Great Northern.— It seems

that the

A

&

in default.

—

Missonrl Kansas & Texas. A press dispatch from Waco,
Tex., Nov. 13, said a road from Dallas to Wano will be conBtructed at once. George A. Eddy and H. C. Cross, receivets
of the Missouri Kansas & Texas, arrived here this evening
and completed the arrangements. This road connects at
Dallas with the International & Great Northern R«lway.

—

Nashville Chattanooga & St. Lonis. The gross and net
earnings and charges for October, and from July 1 to October
81, were as below given:
October.

.

Netcamlngs
Improvements

July 1
1888.

to Oct.

31.

$454,813
$292,637
23,832

$4110.049

$316,469
$138,344

$298,385
$191,664

$67,731
$47,186

EARNTNGS.

Passenger transportation

$1,068,530
576,181

$247,263
51,122

Mail service

Express service
Other sources

Sept. 30.

Salaries

Other general expenses
Total operating expenses, being 82'43 p.

1887-8.

1^86-7.

$1,569,590
3,242,082

Neteamings

$1,172,146
9U8,178

$1,327,508
"292,273

Balance, surplus

$173,968

$1,035,235

Does not include any Interest on bonds

in 1886-7.

*

New York New Haven & Hartford.— From the quarterly
returns to the New York State Railroad Commissioners the
following statement

is

made up

Gross earnings
Operating expenses

for the years ending Sept. 30:
1887-8.
1886-7$9,766,554
$7,724,353
6,822.528
5,274,670

Net earnings
Other income
Net income
Interest, taxes

and rentals

Rentals paid

$2,944,026
203,481

$2,449,683
165,815

$3,147,507
1,513,788

$2,615,498
861,606

$1,633,719

$1,753,892

New York

Stock Exchange.— New Securities Listed.—
The Governing Committee of the New York Stock Exchange
haveaddfd the following to th^ list
New Ohleans & Gulf RR. Co —An additional #100,000
first mortgage 6 per cent consolidated bonds, making totil
:

amount listed |] ,000,000.
Richmond & Allegheny RR. Co.—Reorganization (Chesapeake & Ohio), Drexel, Morgan & Co. Receipts for second
mortgage bend and

for stock,

sJilO

$102,501
17,553

net earaings

out, of

Net Income over operating expenses and rents paid

$84,948

Pittsburg Shenango & Lake Erie.— Financial arrangements have been consummated which encure the ext nsion of
this road from Greenville, Pa., to Conneant, Ohio, on Like
Erie, a distance ot 50 miles; about 40 miles have already been
graded, and it is expected to have the whole work completed
early in the coming year. This line will give Pittsburg
Western or
another outlet to Lake Erie vii the Pittsburg
the Pennsylvania to Butler, and from that pMnt; over the
Lake Erie to Conneaut.
Pittsburg Shenango

&

&

—

Railroads in New York State. The following reports for
the quarter ending September 30 have been filed with the
R.R. Commissioners.
—Manhattan Elenaled.—,
Brooklyn Elevated.-~.

—

1887.
$2,021,936 $l,9^3,457
Gross earnings
1,082,714
Operating expenses. 1,117,826

1888.

1887.

$223,567
143,961

$145,975
97,036
$48,919

$904,110
21,500

$870,743
21,566

$79,606
1,973

786

$925,610
rentals
544,156

$892,309
501,334

$S1,579
79,660

$.19,705

$381,454

$390,975

Neteamings...
Other income
Total
Int., taxes

&

Surplus

K. r. Chic.

.

L.

—

—D. L.<eW. leased lins.-^

1887

18S8

1887

$1,131,984
912,244

$1,160,254
916,611

$2,3-13,870

$2,119,309
987,036

$219,740
249,828

$243,613

$1,3-7.509
551,249

$1,1-12,273

*48,991

def.$30,038

$194,652

$836,260

$581,024

Qrosseamings
Neteamings....
taxes

<t SI.

63,769

$1,918 def.$14,064

1888
Operating expenses.

& rentals

Surplus
*

No

interest

on bonds

996.361

551,249

asse.'sment paid.

Cincinnati Hamilton & Dayton RR. Co.— Second mortgage A\i per cent gold bonds, due January 1, 1937, $2,000,000.
VlKGiNiA Midland R.R. Co.— General mortgage 5 per cent
bonds, guaranteed by the Richmond & Danville R.R. Co.,

is

included.

^K.
Gross earnings
Operating exiienses.

r. y. H. A Hart.—. Siiff. Soch. it Pitts.—.
jQda
1887
1888.
1887.
$2,69H,212 $2,168,.570 $493,371
$584,320
2,008,382
1,641,761
403,379
320,367

$689,830
126.660

$"^26,809

$173,004

133.904

2,793

$180,941
14,840

Total income
taxes & rentals

$816,490

.$660,713

334,86.J

216.765

$175,797
138,639

$195,781
116,569

Surplus

$481,628

$443,948

$37,158

$79,212

Net earnings
Other income
Int.,

—The following

a comparative statement of the earnings, expenses and fixed charges of
this company for Sept 'mber and from January 1 to September 30. The total mileage is 5,926, against 5,535 last year.

Southern Paciflc Company.

Atlantic system

Total gross
Net earnings

—

Paciflc system

Atlantic "system

is

.feptetiiber.
Jan. 1 to Sept. 30.—.s
1887.
1888.
1887.
1888.
$3,138,038 $2.540,.i57 $25,933,414 $20,509,978
6,991,421
936,733
871,266
8,089,040
.

Orost earnings—
Paciflc system'

Surplus

of earnings ...$481,158

c.

Net earnings of 342 miles operated

Int.,

$5,063,935
3,891,789

and rentals

$109,288
41,752
79,434
187,555
25,189
19,812
18,126

,

Oross earnings
Operating expenses
Interest, taxes

1,656

$583,659

OPEBATING EXPENSES.
Maintenance of way and structures
Maiutennuee of cars
Mxtire power
Conducting transportation
Taxes in States

—

New York Chicago & St. < Lonis. The returns for the
quarter ending September 30 will be found elsewhere under
"Railroads in New York State." The year ending September
80 is now completed by these quarterly reports and the results
are made up as follows
Tear ended

$198,667
349,845
18,218
15,271

Freiglit transportallon

,

$117,846 $114,917
$61,747
$74,549
8,457
5,984

633.755

period from Janu-

etc., for

:

1888.

1887.

$l,088,5fi8

$83,006
$34,840

Total
Surplus

.

$265,024
150,107

Gross earnings
$282,621
Operating expenses.... 164,775
Interest and taxes

.

1887.

1888.

Earnings, operating expenses,
ary 39, 1888, to June 30, 1888

XLVn.

Total earnings

International & Great Northern may soon pass into the hands
Dallas paper, in referring to the matter,
of a receiver,
says: " No additional particulars have been received with
reference to the applicition for a receiver fo- the International
Great Northern which the telegnph columns reported was
The meeting of
filed in the Federal Court at Tyler Tuesday.
the directory of the International & Great Northern, to have
been held a', Palestine yesterday, was postponed for a week,
but whether on account of the application for a reseiver or
This application is under
for other causes is not known.'
stood to have boen made in a suit to foreclose fie second

mortgage sometime

[Vol.

.

.

$4,074,821 $3,411,823 $34,022,454 $27,492,399
$1,280,831 $1,132,513
292 674
292,242

$9,446,.500

2,212,176

$9,284,070
1.675,336

Tot.ll net
$1,573,073 $1,425,187 $11,658,876 $10 959,406
4i!6,154
46,681
Rentals leased lines...
298,730
1,627
Receipts other sources.

Total net income... $1,621,381
1,385,442
'Fixed charges

Net

profits

$235.?39

$12,383,560
12,460,212
(lef.

$76,652

Includes int., rentals, additions and betterments. Cent. Pan. guar.'
taxes and IT. 8. dues.
St. Louis & San Francisco.— In regard to figures published for June 30th, 18SS, which appeared to show that the
San Francisco Railway owed a floating debt.
St. Louis

making total amount listed $882 COO.
Cleveland & MahOnino Valley RR. Co.— 5 per cent gold
&
bonds, due January 1, 1933, $1,350,000 coupon and $250,000 President Winslow and Treasurer Liliie authoiize the folregistered.
lowing: "The company has no floating indfcbtedn>8s and no
Toledo & Ohio Central RR. Co.— An additional $642,000 tills payable outstanding; it owes no person. Arm or corporapreferred stock, making total amount listed $3,750,000.
tion any unpaid account, and the only indebtedness of this
North Carolina State Bonds.— In the suit of Morton, description applies to the operating expense? for October,
$500,000,

& Co., against the State of North Carclina, on the special which are now being paid, in the usual course of bu3ine8s,out
tax bonds, which was called for argument in the United of its ret earnings. The company also has a fund of over
States Supreme Court last week. Justice Miller announced $1,!500,000 in m- ney, subject to use at any time. It is not enthat the Court was equally divided on the question, and hence (iaged in building extensions in any direction, and it owes
desired to await the recovery of Juttice Matthews.
nothing for the new equipment added>in the last year."
Ohio Indiana & Western. The Chronicle has obtained
Whitebreast Fuel Co. The annual report of the Whiteareport of this road's earnings from January 39, 1888, when the breast Fuel Company for the year ending June 30, 1888, shows
company rtsunied possession of its property, to June 30, 18'i8, an increased tonnage of 201,183 ton?; net income of $344,343
a period of about five months. This was a part of the year from all sources, including $80,000 bonus on Colorado Fuel
when some Western roads earned little more than their oper- stock. The company paid out $16,960 interest, $125,000 sinkating expenses, and it should be taken as no criterioL[or what ing fund, $91,000 dividends, and carried $11,383 to surplus acthe reorganized property will earn in a full year.
count. The.dividends were 7 per cent.
Bliss

—

—

^

November

THE CHUONICLE.

17, 1888.J

aud

Mripovts

CHICAGO

ST. P AUL

jQocutueats.

& KANSAS

To THE Shareholders

i

<

30. IHMH,

:

In preHenting the second annual report of the General Managt r for the operation of the railway for the year ending
June !J0, 1888, the directors feel that there is reason for congratulation upon its general showing and the progress mnde.
It inoludea ihe Minnesota & Northwestern Kiilroad, and
covers a period when both properties were still under construction and incomplete.
At the commencempnt of the
fiscal year (July 1, 1887) there were in operation 479 37 miles
out of 811 00.
On August 1st there were opened for traffic nhout 26 miles
from Oelwein to Waterloo, and about 90 miles from Chicago
to Dunbar. Fiom August 1st to March Ist we were operating
our own line from St. Paul to Dubuque, and then had to hiie
the Illinois Central Company to take out trains over a circuitous route between Dubuque and Dunbar.where we again took
them on our own rails for Chicago. This arrangement subji'cted
the company to exceptional expense (which has been charged
against income^ and to serious delays prejudicial to business.
Of the 05 miles between Dunbar and Dubuque, 49-57 miles
were constructed by the company, and a perpetual lease taken
over al)out 16 miles of the Illinois Central Company, at three
ptr cent of the agreed value, and over the Dunleith &
Dubuque bridge (about one mile) across the Mississippi River.
That bridge was built some years ago at a cost of $1,51)0,000,
and this company has a perpetual tiackage contract over it at
an annual rental of |30,"000. The 4n-57 miles built by this
company were very expensive and d ffioult of construction
a single mile, including a lunntl, cost over |600,000, and was
scarcely completed by March 1, 1888, when our contract with
the Illinois Central Company for the use of the circuitous
alternative expired. The rails on this section having been
laid after the frost was in the grcund, and the ground covered
with snow, the ops rution of it during March, April, May and
June was exceedingly difficult and expensive.
The arrangement with the Illinois Central, between Dubuque
and Dunbar, beina a temporary one, the company di
not
erect buildings at Dunbar hence its locomotives had to stand
there without shelter, and it was necessary to keep men in
charge, with fires to keep them from freezing. This cost
heavily both for wages and fuel, and tended, to increased operating expenses.
It is unnecessary to detail all the difficulties and increased
expenditures incident to operating an incompleted railway,
more especially as they are now over.
The General Manager's report shows the average numbtr of
miles operated during the j ear to be 608, against 355 miles
during ihe previous year, or an increase in mileage
71-2 perornt
Of
The liiurease in Kroas earniii^'S has been
85-0 percent
The incieaae in freight curriiUKS has b, en
b7"6 per cetit
The increase in passensrcr c:iriiiiigs has l)eea
...;.. 114 4 per cent
i<0'9 percent
The m( rvatc in lUiiil earnings has been
2521 per eent
The iiicicase in express earnings has been
;

t

;

7H-9 per

Miseelhineoirs earnings decreased

The increase iutougoiIreiKhtoarrled onemlle has l)een..l62 9
The increase in uruiiber ut pasfcengers carried one mile

x>er

ut
ceut
o«

172-6 percent

has been

128-6 per cent
The increase in operating ex^wuses has been
The average rate per ton per mile receivtd for transporting
freight has decreased 28^ per cent, and the average rate per
mile for paesecgers has decreastd 23 per cent. The rates
received during the preceding year were unusually low.
llad the late of the previous year been maintuined it would

$733,733 55

total of

Which is approximately the reduction of revenue to this
company on the year's operation owing to " rate cutting."
Following is a summary of operations during construction
from Out. 3, 1885, to date, showing progress made in various didrawbacks of unfinished road and low rates:
I'eur enttmo
9 mot. endltm
Tear enditig
Junt 30, 1888.
Junt 30, 1886. June 30, 1887.

rections in spite of
.

Gross receipts
^^292,623 83
Operating exp'nses,
taxes and Insur.
199,485 97

$1,216,410 45

'$2,315,517 33

09,911 14

1,816,523 86

$93,137 80
92,000 00

$416,499 31
345,170 77

$498,993 47
595,725 83
163,826 60

.

Net inoomo.
Interest

';

Rentals
Balance...

Average

»1,137 86or,

>

General Manager's report.

AMALGAMATION WITH THE MINNESOTA * NORTH WESTEBIT
The Chicago St. Paul & Kansas City Railway Co. was
organized in May, 1880, to take over 115 inili-sof (xistingroad
(Waterloo to Des Moines), and by extending them in connection with the Minnesota & Northwestern, to form the present
system, and to unite more economically, i. «., with less mlle>
atie and a smaller capital account than any other road, th«
whose names make ap its title.
1, 1S86, the two companies have been connected
as traffic agreements couM make hem. and from

three cities

From July
as closely

i

have be. n m<inaged with one staff. In point of
traffic the one was the complement of the other, the prtxlucts
of one Section being interchangeable with those of the other.
July

1,

1887,

effectuate the amal.am>ition thirty days' notice was given,
reiiuired by law, of meetings to be bolden on Dec 5 and 0,
18*7, at St. Paul and Dubuque, for the purpose of considtring
the terms.

To
fas

The meetings were duly held and the terms proposed by the
board unanimously adopted by the shareholders present in
person and by proxy, viz
For the excliange of Minnesota Sc
Northwestern pn ferred stock into five per cent ir.come bonds
of the amalgaiiated company, and of the Minnesota ft
Northwestern common stock into Chicago St. Paul & Kansas
:

City

common

stock.
of the Minnesota

The property

&

Northwestern was deeded

mortga|;e liebt on Dec. 8, 1887, to the Chicago
Kansas City Railway Company. The mortgage of
St. Paul
Northwestern being at the rate of $16,000
the Minnesota
per mile in respect of railroad as against $20,000 per mile upon
the Chicago St. Paul & Kansas City, powers wete taken before
transfer to inscribe the Minnesota & Northwest, rn with a
second mortgage at the rate of |t,000 per mile (but not
exceeding f3,OW,000), to mkke the debt on eithtr property
uniform, and such second mortgage powers duly vested in
Kansas City Company for the benefit
the Chi ago St. Paul
of the aa.algamated concern.
subject to

&

its

&

&

CONSTRUCTION DURING THE PAST YEAR.
The opening of the 160 miles constructed during 1887 from
Des Moines to St. Jos- ph was delayed by snow storms, floods
and uuusu :1 rain', which carried away several temporary
bridges and caused the new cuttings to slide and the embank$590,885 76
142,817 70 ments to settle. The damage has Deen made good, and the
bridges aie now being replaced with iron. The earthwork on

have added to the lut earnings
On freight
On passengers

A

"
It isctwtomary foiuwrlbeall thodir'
linUlnlac
equitable ratfs to thit operation of ll
''-otaak&nt
Act, which HiiliHtitutca a new fun<i
i>l«fortiM
regulation of railways. The act
h tb« pnexisting body of law and custom, an
obform to
It by railroad managers whose »t«(T i* educaletl upon oppowito
principles has brought inevitable confusion.
'T*r\tln have
t)oun in a state of chaos.
TIiIh, rx'rhapH, hIoiiIiI not b« siirprising when we consider that within the di»tri<t covered by
the railways leading from Chicago westward there are ar«r
200 junctions and coinix-titive pMnts, and that to make a nt«
belw.en these junction points alone on a single claM of (reighl
rt-qiiiros more than 20,000 8ep>irat« rates; further, as thrre ara
12 different clat-ses and commodities in the tariffs, thff» mtefl
n
must be multiplied by 12, making over 340,000 i'
rates; add to this the rates between nor.-conipetl'
s
and it will run up to po-sibly more than l(X),0(M),OOo .^.ji.iniia
ratt 8 to be worked out and acljotitid upon an entirely new basis.
Tbe managers of the <lilTerent radways occupying this district have formed an association andt have devoted a larga
portion of their time for many months to an endaat or (o
readjust ra<es, and substantial progress has been made. On
the 27th of September a restoration of rates t^ a paying basis
between the more important points was agreed upon, to go
into tffect on the lOth of October, and the Board o( Directors
regard the outlook in respect to rates as very hopeful.
The diversified character of traffic is shown in detail in the
<

CITY.

ANNL'AL KEl'OKT i'OR THE YEAR ENDING JUNE

695

$71,328 54cr.

mileage

$260,558 96dr.

608
855
owned <& operated
109
$3,703
3,247
Gross earng'sperm.
$2,684
22,360,472
f
0,400
Passenger niucsge.
2,070,489
Ratfl per passenger
2-340
3-000
3-030
per mile
187,092,505
71,164,238
Tonna-e mileage
16,293,297
-80Co
1-1260
1-230
Rate per ton p. mile
Including $64,001 59 brought forward.
The reductions in rates for the year are abnormal and due
to the " war of rates " which has raged so fiercely duriug the
winter and spring of 1888, and which has so seriously embarrassed many of the older companies. In these matters this
'

company has occupied a conservative

position.

this stction is very heavy, averaging 37,000 cubic yards per
mile, against 12,000 to 15,000 on an average prairie road.
Your directo:s sanctioned the amount of earthwork in order
to secure the best location, and the result is that your road
succeeds in crossing the State of ISwa on a one per cent maxigrade.
The traffic of the new division is likely to prove the most
profitable of all. The com crop is believed to ho the heaviest
on record and will begin to contribute fiom the new year
onwards. Construction trains are running through October.
The formal
11:88, and doing some little traffic in advance.
opening will take place before the end of the year, after
which the bonrls issued in respect of that division will begin
to draw interest against revenue.
Beyond St. Joseph the company has running powers over

mum

the Kansas City Wyat.dotte & N. W. RR., including thU
company's bridge over the Kansas River and 83 miles of toaok
between Kansas City and the bridge over the Missouri RiTtr
at Ltavenworth.

NEW SOimCES OF

TRAFFIC.
of encouraging the
policy
the
pursued
Your directors have
estebUshment of new business enterprises, and more especially of manufacturing, at all points on the line.
•Through their etforts the St. Paul Union btockyards have
betn established on your road at South St. Paul, four mUee
from the city. Two large pork- packing eetabhshmenU have
been built, one is now in operation, and tie other Moot
leady to commence. The cai^acity of the largest is 4,000

THE CHRONICLE.

596
A

distillery which will
fcogs per day, of the other 3,000.
ooDsume about 10,000 bushels of corn per day will be completed about December, and a malt house of large capacity a
barn in connection with the distillery
tew months later.
beef-slaughtering house with a
holds 2,000 head of cattle.
capacity of 600 beeves per day has just been put iu operation.
These industries when in full operation will contribute a
large amount of tonnage and revenue to your company. The
distillery alone should contribute about $200,000 a year. The
beginning of this business is illustrated from the following
statement of the earnings of your road from the freight
traffic of South St. Paul station :
$6,406 21
January, 18:8
$2,310 20 June
7,498 93
4,603 39 July
FWJmary
11,108 16
4,980 21 Aupust..
Marcli
11,428 87
4,434 90 September
A-Prtl
17,170 54
5,597 49 October
Miiy

A

A

DAIRY INTEREST.
Especial attention has been paid to developing this interest.
Hilk is now hauled from about 90 miles into St. Paul and
from about 60 miles into Chicsgo. It is hauled on regular
TOSsenger trains, requiring little or no additional expense.
The revenue from tliis source now amounts to about $5,000
per month and is rapidly increasing. Farmers find it profitable, and it is estimated that the number of dairy cows in the
district tributary to the first 90 miles from St. Paul of your
road has increased fully 500 per cent in two years. It is
expected that the revenues of your company from this source
-will more than double in the nf xt twelve months. The example at St. Paul and Chicago is likely to be followed at St. Joseph.

MANUFACTURES FROM CLAY.
"Within the last sixty days large deposits of clay on the line
of your road, ninety miles from St. Paul, have been discovered, which, upon testing, have proven to be of very superior
<|uality for the manufacture of brick, tile, roofing material,
street paving blocks and pottery. Negotiations have been
eoterf d into with one of the largest and most successful
xuanufacturers in the United States, having already in successful operation large plants in Chicago, New York and
Boston, to establish a plant on your road having a capacity to
manufacture fifty car loads of brick per day, which would
yield a revenue of about $150,000 a year in freit;ht. The
directors expect to see this establishment in successful operation within the next year.

LOCAL STATIONS.

BOn

tXDuntry.

Substaniial progress has been made during the yfar. At
stations where a year ago was only an open field, there
sue now prosperous villages ranging from a few hundred up
to in a few instancts 1,5U0 to 2,000 people. Movement is especially visible along the new road between Dea Moines and St.
Joseph, and again in Illinois between Dubuque and Dunbar.
r>nring the year the company has issued to individuals 115
permits or licenses to erect warehouses or elevators on its
.ground at Ircal stations, which are now completed or in
process of erection, and at all of the stations are ample
accommodations of superior excellence for handling live
stock, built and owned by the company.
In conclusion, the directors desire to express their confidence in the future of your property, and their gratification
at the progress and position already attained, wtiich are believed to be unprecedented in the history of new railroad con.Btruclion in this country.
Bv order of the Board of Directors.
A. B. STICKNEY, President.

many

CLEVELAND & MAHONING VALLEY.
APPLICATION TO THE

NEW YORK STOCK EXCHANGE.

New

York,

Oct. 12, 1888.
Gold Bonds, principal

Five Per Cent Fifty- Y*ar
Coupon Bonds of $1,000, dated January 1, 1888,
mterest payaMe January 1 and July 1; Registered Bonds of
%1,000 and $10,000, interest payable quarterly. Principal and

f 1,500,000

due

1938.

interest payable in gold coin of the United States, of or
«qui»aleot to the present standard of wtight and fineness,
without deduction for State or United States taxes, at office
of the financial agents of the company in New York, where
the coupon bonds can be exchanged for registered bonds.
Present issue, $2,759,000; total issue not to exceed $3,000,000.
fiecured by a mortgage to the Central Trust Company of
York, as trustee, upon "all its franchises, lines of railways, leased railways, telegraph, equipment, rolling stock,
rentals, income and aU other property pertaining to the said
lailway company, now owned or in future to be built, leased
or acquired," whereby these bonds cover 134 "85 miles of road,
•With a general lien (subject to prior liens of $1,141,900) upon
the 67 miles of double track from Cleveland, O., to Youngstown, O., including the terminal property at Cleveland and
Tbungstown and with a first lien upon the
il 14-S miles from Youngstovrn, 0.,to'Sharon, Pa,
SS-S ml es ft-om Niles, O., to New Lisbon, O,
V-VS miles Iroia Ubeity, O,, to Visima, 0.

^ew

;

J,

4^-85 milet'

The total debt, including the $1,500,000 now being issued,
will be at the rate of about $21,000 per mile of road.
By the terms of the mortgage and lease, the total issue is
appropriated as follows
To provide at par for boudB due August 1, 1893... $654,000
To provide at par for bonds due Sett. 15, 1896
487,900
$1,141,900
Sold, and proceeds to be disbursed by Trustee, under joint
direction of officers of the company and its lessee, solely
for construction of additional terminal facilities in Cleveland and Youngstown, and of double track therefrom
1,500,000
EeEcned for similar purposes, as may hereafter be agreed
with the lessee
358,100
Total

$3,000,000

The bonds and mortgage have been authorized by the stockholders of both companies and the lease has been modified
by similar authority so as to increase the rental to the extent
of 6 per cent on the cost of all betterments created from proceeds of bonds eold. The mortgage covers the lease, which
;

can be modified with the consent of the trustee, but without
reduction of the rental.
The permanent additions and improvements now in progress
have been requested by the le.-see for its benefit, and as necessary for the accommodation of the increased traffic.
The Cleveland & Mahoning Valley Railway was leased to
the Atlantic & Great Western (now New York Pennsylvania
& Ohio) Railway ia 1862, and by that company is leased to the
New York Lake Erie & Western Railway Co. The Cleveland
& Mahoning Valley Railway is the only direct connection with
Cleveland ot the Erie and New York Pennsylvania & Ohio
Railway systems. The minimum rental paid by the New
York Lake Erie & Western Railway Company for the New
York Pennsylvania & Ohio Railway, including its leased
Cleveland & Mahoning Valley Railway, is sufficient to pay all
interest charges on the prior lien bonds of the New York
Pennsylvania & Ohio Company, and a small dividend on its
first mortgage bonds, as well as the rental due the Cleveland
& Mahoning Valley Railway Company.
until October 7, 1962, and the
monthly in advatics in addition to
amounts to the annual sum of

The present lease runs
rental, payabte

$502,180
taxes, etc.,
(Including the increased rental corresponding to
the $1 500,000 increased debt,)
The annual interest charge, prior to the issue ot the
new honds, was
^79,933
Annual interest, at 5 per cent, on $ 1 ,500,000 new
75,000

bonds

new

roads most of the local stations are necessarily
located on farms where there are nosurrouoding villages, and
none in the immediate vicinity. Before the road can realize
tlie full value of the adjacent business it is entii led to, villages and towns must be built up, with merchants to sell groceries, etc., and to buy the produce of the surrounding
all

[Vol. XLVII.

Total annual interest charge, including that on present issue

154,933

$347,247

Surplus rental over interest charges

It is officially stated that the lease has been a source of profit
Mahoning Valley Railway
to the lessees, as the Cleveland
earns more than the rental paid for its operation.
Great
During the numerous receiverships of the Atlantic
Western Railway Co., and its several sales under the foreclosures of its mortgages, the rental due under the lease has
always been paid in time to prevent the forfeiture of the lease.
Mahoning Valley RailThe capital stock of the Cleveland
way Company amounts to $2,759,200.
Regular quarterly dividends are now paid upon the capital
stock at the rate of 11/^ per cent per annum.
The total dividends paid annually during the past sixteen
years amount to more than 160 per cent an average of 10 per

&

&

&

—

cent per annum.

The mortgage has been drawn by Messrs. Briatow, Peet &
Opdyke for the purchasers of the bonds.
Cleveland, March 21, 1888.
I hereby cerlify that upon examination of the books of tha
Cleveland & Mahoning Valley Railway Company, I find the
financial statements made in the foregoing to be correct, and
I believe all the

statements contained therein to bn true.
E. E. PERKINS, Treasurer.

Bristow, Peet

& Opdykk,

SO Nassau Street, New York, May 21, 1888.
have exMessrs. Winslow, Lanier «fe Co. Dear Sirs:
amined the mortgage, dated January 1, 1888, made by the
Mahoning Valley Railway Company to the CenCleveland
tral Trust Company of New York, to secure an issue of 5 per
cent bonds of the railway conpany to an amount not to exceed
find the proceedings of the Directors and
$3,000,000.
Stockholders of the railway company in respect to this mortgage to be in conformity with the requirements of the statutes
of the State of Ohio, and the mortgage and bonds therein
provided for to be in all respects valid and binding obligations
Yours respectfully,
of the company.

—

We

&

We

BRISTOW, PEET & OPDYBJE.

Referring to the accompanying documents, we hereby apply, on behalf of the Cleveland & Mahoning Valley Railway
Company, for a quotation of the above described $1,250,000
of Coupon Bonds, Nos. 1 to 1,250 inclusive
$350,000 Registered Bonds, Nos. 1 to 10 inclusive, and Nos. 12 to 26 incluand Registered Bonds into which said
sive, of $10,000 each
said Coupon Bonds may be converted.
WINSLOW, LANIER & CO.,
Financial Agents,
The committee recommended that the above described
$1,250,000 of Coupon Bonds, Nos. 1 to 1,250 inclusive; $250,000
of Registered Bonds, Nos. 1 to 10 inclusive, and Nos. 12 to 26
incl., $10,000 each: and Registered Bonds into which said Coupon Bonds may be converted, be admitted to the regular list.
Adopted by the Governing Committee November 14, 1888.
;

;

NOVKMBBR

m

THE CHRONICLE.

17, ISaS.)

COTTON.

Ql/ommercial ^^imcs.

xt

U„ Nor.

Friday, P.

COMMERCIAL EPITOME.
Fbidat N19BT. Nov.

Thr Movkmrnt op
from

16, 1888.

General trade has remaiaed comparatively quiet without
special feature, there b)iog little in commercial ailairs to call
for Bpecial reference. The tendency of values has bean generally downward and speculation sluggish throughout the
week. The crops are being moved nlowly; this is not only
true of cotton, causing some anxiety regarding; the extent of
the final outturn, but aho of wheat. Tha weather has been
warm, though a killing frost is reported in some of the Southern States, and the temperature is now becomig cooler here.
Lard on the spot has been dull until to-day, when a good
demand sprung up and prices slightly recovered, closing
steady at 7'90c. for prime city, 8 6538"70o. for prime to choice

Western and

The speculation in

8-S2*^c. for the Continent.

lard for future delivery has been dull, but to-day a brisk demand for spot lard caused the "shorts" to take alarm, and a

demand gave a-i upward turn to values,
early options, and the close was steady.

brisk covering
cially for the

espe-

DAILY CLOSIKO PBICES OP LARD FDTDBB8.

Pork has met with a better demand, and the close

Qalveiton
IndlanoU,

New

Sal.

JTon.

3,836

0,120

is

new mess and

Stearine quoted 9}i@9}^o. and oleobut very quiet.
margarine 7@ 7 }.^c. Butter is dull at 21® 27c. for creamery
and 13@31c. for Western factory. Cheese is steady at 9@ lie.
6c.

for State factory.
Coffee on the spot has been quiet, but closes about steady,
the sales to-day embracing Rio No. 5 at lijgc., and Jamaica
at 1434'@145ic., with considerable lines of other mild grades
on private terms. The speculation in Rio options has latterly
been dull at drooping prices, but to-day made some recovery,
closing steady, with sellers as follows:

February

Riw sugars
inal

;

March

13-20B

I

|

April

13-20c.

|

May

13200.

I

I

Jane

13-20o.

|

July

August
September

—

13-20C.
13-20o.
13-20c.

have been firm, but close quiet and nearly nomCuba quoted at 5Jgc. and Centrifugal, 96

fair refining

Refinad sugars are quiet. Molasses is
without dealings, except a jobbing trade in new crop New
The tea sale on Wednesday went off at
Orleans at 44® 50c.
steady prices.
There has been a moderate business in Kentucky tobacco at
steady prices. Seed leaf has shown a good degree of activity,
deg. test, at 6J^o.

and

sales for the

week are

2,520 cases, as follows: 1,100 cases

1887 crop, Wisconsin Havana, 8@12c.; 250 cases 1885 crop, do.,
private terms; 4-30 cases 1887 crop, Pennsylvania seed, 9>^@
12>^c.; 200 cases 1886 crop, do., 7i^@13c.; 100 cases 1887 crop,
Pennsylvania Havana, private terms; 150 cases 1887 crop, State

Havana, H@3l<!.; 100 cases 1887 crop. New England Havana,
13<g35c., and 20O cases sundries, 5® 85c.; also, 600 bales Havana, 60c.@$l 10, and 250 bales Sumatra, |1 10® $1 95.
On the Metal Exchange to-day Straits tin was quoted easier
at the close, after a firm opening, at 22-40c. on ihe spot and
22-55o. for February. Ingot copper opened depressed, but
closed steadier, at 17'85c. for Lake, November delivery.
Domestic lead sold for 3-65e. on the dock, closing firm.

Domestic spelter nominal at 474C. The interior iron markets
are fairly active, but show rather less spirit and strength than
last week,
Spirits turpentine has been quiet till to-day, when It became
active and buoyant on Southern advices, the sales aggregating
850 bbla. at 45>'i®463^c., closing at the 6utside figure. Roelns
also quite active to-day, the sales reaching 3,200 bbls., mostly
ccaitao:: to gccd 3:ra.\.-.ed^ ?.t i?!®*'. 05 per bb!. Crude ^'ctro-

loua

ccjTtiaiwVM

b»j»

ifee-a

MMW

nwi.

Wtd.

Tutt.

4313

1,040

6,048

/w.

IWai.

3,M1

304m

Ifoblle

07

ar

8,344 22!397 13,666
1,380
900 1.208

0,388 13,748
1,383 1,101

75,300
7.777

e",872

oioi

6,704

8,074

6,083

44A^7

2,213

5,253

2,087

2,024

3.480

6,823
3,100
3,304

012

• 12
8.2B»

10,710
1,080

Florida

Savannah
Bnuuw'k,4to.
Charleston
Port Royal,4(0
Wilmington....

8.10U
18,032

662

1,287

1,119

i',845

1,848

367

837

3,093
3,017

0,228
4,564

3,822
6,884

6,350
6,078

a«3M

290

1,219

1,003

"sis

3.987
5,178
4,446 14,040
677 1,137
1,854
879

38.«34
3,004
5,648

Phlladelphla,dEO

111

198

"iVi

45

063
OS

•8»
74S

week

3.'-.,012

1,838

Wash'gton.&c
Norfolk

We«t Point, Ac
New York

288

9i)2

Total* thl3

160

41,061 47,790 42,119 30.1I13 56,471 282,863

For comparison we give the following table showing the week's
total receipts, the total since Septeniber
to-night, compared with last year.

steady

for packet per bbl.; India mess quoted at |18@$3d per tierce.
Beef hams are dull at $13 75@f 14 per bbl. Tallow steady at

|

thewMkaMfeM

Ac

Orleans...

1888.
Beeeipltto
Nov. 1«.

TM*
Week.

MobUe

07

Florida

Savannah ...
Brimaw.,4c
Charleston ..
P.Royal, Ac

Wilmington

.

Thit
Week.

44,657
3,100
18,932

912
8,299

357

933

326

W.Polnt.&c

28,504
38,624

28,090
2W,451

New York....

3,0>)4

Boston
Baltimore

5,648
..

Phll'del'a,

Ac

216,148
174,761
6,386
14,936
0,736
9,188

Wa8h't'n,Ac
Norfolk

063
748

and the stock
Sloek.

Since Sep.
1. 1887.

315,135 k'^,937
1,424
643,932 89,724
78,791 12,945
1.809
085
417,135 41,075
37,029
1,560
187,209 20,620
4,138
953
70,419 11,904

75,209
7,777

1888,

1,

1887.

Since Sep.
1, 1888.

25,388

;

13-50o.
13-40o.
13-25o.
13-250.

given below, Por

aMloM

|17@f 19 for clear back. Cut meats have been dull and somewhat unsettled; pickled bellies, 9@9}^c.; shoulders, Sii®8%o., Qalveston ...
and hams, 9%@ lOo. smoked shoul lers, 9J^°- ^o* hams, llj^
ElPaso,dkc.*
@13c. Beef steady at |7 50® |3 for extra mess and |9@|9 75 New Orleans.

November
December
January

la

this evening (Nov. 16), the total reoeipta have raaebed
balee, against 873,001 balee laat week, 370,58« balee the pfertooa
week and 370,707 balee three weeks linoe, maklns (bo total
receipts since the Ist of September, 1888, S.OM, 109 balee,
8,025,101 balee for the same period of 1887. sbowiiic a d»>
oreaae since September 1, 1888, of 588,008 balee.

Baltimore

Saturd'y. llond'y Tuetd'y. Wedned'y. Tliurtd'y. Friday.
8-46
8-49
8-48
8-47
80
8-58
Nov. delivery
c.
8-40
8-30
8-45
8-38
8-39
0.
841
Dec. delivery
8-40
8-39
8'36
8-39
8-39
8-42
Jan. dflivery
0.
8-43
8-42
8-45
8-41
Feb. delivery
0. 8-11
839
8-41
8-48
8-43
8-44
March delivery. .0. 8-43 8-45
8-45
8-478-47
8-52
8-47
8-48
May delivery
c.

at $lo:g$15 23 for extra prims, $16.^ $16 50 for

.South to-night,

thi>

lan,

i«.

Tm Obop, aa todioaUd by oar MtcniB*

479
3,145

827
786

1888.

1887..

394,487

77,043

99,238

733,633
97,188
10,018
518,801
13,395
248,271
7,220
110.486
2,314
228,147
228,701
2,214
21,410
2,717
5,27»

183,024
17,912

291,822
21,863

112,943

108,C«tf

62,726
21
18,285

34,193
2,288
27.044

36,448
13.973
126,332
13,000
17,204

53,I0»

262,3611 2,09--M09 284.816 2,625,161
Totals
* Not included lu 1897 until end ot season.

6,508.

4,8r»6

81,222
ia.ooo
7,378
2.674

6H6.6:.7

767..'W6

In order that comparison may be made with other years, w«
give below the totals at leadintr poits for six seasons.
•
Receipts al-

1888.

1887.

1886.

Galveston

25,485
75,209
7,777
44,657
19,844
S,«5«
28,561
38,624
13,553

42,937
89,724
12,945
41,075
21,682
12,230
28,000
28,451
7.782

36,189
74,813
0,126
45,604
17,623
8,127
44,425
19,072
13,615

1S85.

1384.

1883.

I

I

34,699
102,771
9,697
38,108
29,933
4,317
28,660
13.102
9,134

33,302
6,244
41,270
22,988
0.29

Tot this week 262,369 284,816 263,596 270,421

868,774

Hew Orleans.
UobUe
Savannah

...

Charlest'n.Ao

WUm'gt'n, Ac
Norfolk...
Wt Point, Ac
All others.

2'J.326

28.396-

75,860
11,386

77,67S
13,364
28,460
16,378
3,693
31.243

36.0ii3

8,3 2»

12,961

222,510

Blnoe Bept. 1. 2092,109,2625,161 2157.612 2105,357 2-320.750 2198,099

The exports for the week ending this evening reach a tota I
of 178,640 bales, of which 120,279 were to Great Britain, 19,004
to France and 39,297 to the reat of the Continent.
Below are
the exports for the week, and since September 1, 1838.

Wuk

Bndint Xov.
to—

IS,

From

Stpt. 1, 1888, to

fron

—

Oreot

I

ContU: Total

Brtt'a.

OalTeaton

New

...

Orleans.

Mobile

9,41S
33,130
4,315

4,S«e

14,014
«6,8«:

18,933

Xor.

IS,

1888

BrporHd to—

gi>port««l

4,«i;

Snot

Contt-

I

BrtlaJn,

'*«»«

78.093

I0.77S

14.S7B

I40,I4«
11,874

7t<,719

M.OSI

Mat.

n*^
100.44e

!

»ar|,«]»

1I.S74

Plortda

BavaoBah* ...
Cbuluton...

WUiB>Mton

.

£.845

960
10,100

»1.717]
Norfolk
West PclBt,&s 10.!IS3.
iT,8i8'
New Turk..
0377
Boston
S.WM
Baltlmor*
1.383
Phlladelp'a'&o
.

'

,

I

»,»n]

1.84S
S.SdO
10,100
•1.717

10A13

«.8oi' M-'saJ

eo.rw

T.»1T

in,7ia

13,833

M.ssa
M,:saj

•,*M

•I.M4

ito,4«a

iM

1

••.777
i»i.a4«

w. s«

SSLV-tO

t*i,«ei

i7,»oa

».4M

141

7.018

4«.ia6

407

•,10*

7,70«

8J,7I1

ll,«l>

«s.in

1A»

U,40l

4;B«I

w.aea

f>e>«40|

W4.S701;

ixsrn
MP»
I«m.h3» «^fvitt« IhfA /jfaEiK^aacaT

saMKi

I'ctal ..«..

isM wai U>^iq mxn Keak,

4.800

THE CHRONICLE.

1598

In addition to above exports, our telegrams to-nightalso give
OB tlie following amounts of cotton on shipboard, not cleared
add similar figures for New York,
at the ports named.
which are prepared for our special use by Messrs. Carey, Yah

[Vol. XLVll.

The Sales and Pkices of FtrxcRas
iiiE

comprehensive table

We

t&

Lambert, 24 Beaver Street.
On Shipboard,

AT—

Ifov. 16,

''2

H
QTiSP

o3. S3

Other
France. Foreign

Coast-

S<

28,534
None.
10,000
6,200
5,444
4,500
14,000
8,000

3.719
Noue.
1,500
6,700
12,709
3,f00
None.
None.

Stock.

Total.

wise.

^

a

3.

®

»^

£3. 2.?
jr ®

^og.-s

»«

g

o

is a

E?

tr

v.

OUffBO

S"c to
;*

not cleared—for

Leaving
Great
Britain.

shown by the foliow-

are

:

—»

o

5
^

>«

lit?
q;

:

New Orleans...

14,959
4.000
6,200

12.6E6
None.

Bavannab

.j.SOO

None.

•Galveston
Norfolk

21,744
24,000
8.500
15,000

None.
1,350
None.

Mobile
Cbarlestou ....

New York
Other ports....

900
834

12«.056
13,912
44,126
94,543
36,312
4.918
102,4S2
44,369

59,868
4,000
18,600
18,400
40,731
31,500
23,850
23,000

1888

99,903

15,740

76,678

27,1.28

219,949

466,748

Total 1887
Total 1886

111,3R4
138,669

41,777
31,231

47,625
72,344

31,5.05

232,321

535,265
590,880

JTotal

31.201

273.44."^

The speculation in cotton for future delivery at this market
opened the week somewhat depressed, the Bureau report
being more favorable as regards prospects for the total yield
But on Sunday there was
than was generally expected.
severe cold in the South, and killing frosts repo-ted from many
points, which led to brisk buying on Southern account and a
general covering of short contract?. It was remarked on
Tuesday that the principal buying was on Southern orders
and the principal selling was for Liverpool. Oa Wc-dnesd ly a
buoyant opening, on the execution of S )uthern orders that
liad been received during the night, was followel by a smart
decline under sales to realize. A recovery on Thursday was
followed by a decline, under the report that a New Orleans
hou!e of some repute in such matters had put out an estimate

01

WW

a>

.-^
j

>

I

.
I

1^

to

M

^
iK

sSx£

°

90s
t-o-

geo.'g.

Co"

cS-.

-\

QO

«C0

<C!S

Oi OS

*
O»0J

K'-

tcto
to

CD!©

CO)
M^'^
I

g

5

ts'-o

2

y iT ,Sp:

"^

^w

I

co'

CDCD

M

99

<
a

— 0*0
6<i -d

totcoto

CD

5

*
OM^.."
'-id

sr:

I

toto^to
-j

to

M ' -4

Mil

tc§-o
I

^

o_
to» 5

OOf--"

I

o

o

da

So 9

c:ffiO
_Ci ifr

aoo

I

**

''*.

:i§s

en

3,

2|~

0,0.0.

too®

MO

tJ

Citji

2

S'p;

CO

tOCDotO

d -i = d

c 10

to

of the crop at 7j^ million bales. Liverpool opened at a decline
and we followed suit; but a small advance w.n

this morning,

made on the reduced interior movement, althou »h the usual
buying orders fr )m the South were wanting. Cotton on the
spot was quoted 116c. lower o Monday anl 116c. dearer o i
Tuesday. On Wednesday the market was weak, especially
for the poorer grades. To day there was a good demand for
<faome consumption aad middling uplands were steady at 10c.
The total sales for forward delivery for the week are 475, 6(0
bales. For immediate delivery the total sales foot up this week
i

4,516 bales, including 558 for export, 8,960 for consumption,
in transit. Of the above
balefor speculation and

—

—

—

were to arrive. The following are the official quotations
each day of the past week Nov. 10 to Nov. 16.

f o'

—

UPLANDS.
OnUnary

Sat.
6^8
736

<(llb.

Strict Ordinary

9%

Low Middling

MlddliiiK

10
105,6
10»,g
1016,6
11»16

Middling
«trlct Good Middling
Middling Fair
fair

GULF.

low Middling

Sat.
I

¥

tt>.

,

,

Low Middling

Strict

HlddUnx

,

Good

Mid'lling
Strict Gooii Middling

.Middling Fair
rate

STAINED.

Good Ordinary

75,0

7%

91a

Good

Good Ordinary
etrict Good Ordinary

6^8

8''e

Lo^Middline

'Jrillnary
Strict Ordinary

613,,

8%

&ood Ordinary
.Strict Good Ordinary
Strict

mon Tnea Wed

7

6 '9
738
87,6
§;-'»
9's

87,,

815,6
913

9%

9H

»M

738
8'l6

9%
10

10

10

105,8
109,6
1015,8
119

106,8 105,8 106ig
109,6 109,6 10",«
101»ii ioi4i„ 1015,6
ll»i6 11*16 ll^ia

Wed

moil Tnes
6IB18

738
8t,e
816,8
91a

7

7

10

Tb. Prl
7

7

7i«
7^1
71a
71B
71a
77i8
8I3
89,6
8«]6
89ie
§?'«
91 l«
9
91.8
91,6
91,8
9ii«
9S8
968
9»8
968
9»,6
958
978
9'8
9^8
913,6 9'e
9^8
1016
1018
loie
101,8 Ida
lOifl
101,6 lOSe
107,8 107,8 ,107,6 107,6
10Ui« lOSg 1011 1011,8 101 ._10lll6
llii« nil]
111,6 11
lUls illl
1111,8 1158
lllllR IIII18 llllj..|lllli

Sat.
ft lb.

Strict Good Ordinary
Low >riddllng

911,,

916,6
I014
lOia
lO's
llJa

Tb. Prl

*.ife

M

»-M

81a

Middling

7i«
S'le
97,6

713
89,8
97,6

I

!

7I2
89,8
97)8

* 99
99
*•*.
MW a" MW
«.>^.
rl-it>

M >
99
? CO
*.<»
a
.-

<

a
-<

ato

>^

is:
s
a
mVm
H*
MMWM
^0 cooo
COCO OCoO coco OCoC
g
l(-lii®pe01 * c»
*-i-0^ )^tj»Ciji
«« l« K,<\ W MO * .JM
'

CO

ai

:

1

1

:

«>

:

1

»

C

>
1

I

<

1

s

I

I

I:

I

^>

^

5

9'ie
I

8ALE8 OF SPOT AND TRASBR:.
£x-

Ooi>r

tump,

Spec- Tranul't'n

sit.

'""•'•

SaUs.

Delix
tries

I

I

I

1,581

3 18

93.900

Tliur. HieiMly

Frl.. Steady

1,442

1,442

40,300

3,fiC0

4,516475 60j

Mon

QuiPt « 1,6 deo..
Xues Qmvx mi^^CiiW..

Wed
Total

The

EiUiii-r

I

556

67,R0O

289 9 ,700

404 9l,6iK'
482 86.500

dally deliveries given above are aotaallr delivered the day
tevloua to tliat ou wmou uiey are reported.

I

I

I

I

* Innlodes sales In Si-ptemlier, 1888, lor Soptember,
16j,30Ui Septoiubor October, for Octobir, 394,100.
uairu
mcmiitia
ib« above table, and shall continue eaeh
^'e
ween to give, the average price of fatores eaoli day for each luoatu
It
will be fouud uader eaoti d^y following the abi>r<^7iatiou " Avh*.'
The
average for each iiiuutb f<ir the wee)i is also given at bortoiii ot table.
rransferable Ord«ra— Saturday, 9'6ilo.; Monday, 9G5o.;
TusBday
9 7O0
Wednesday, » 65o.; Thoriiday , 9050. Friday, i»-70a.

LV

m

.

556 1,025
289
318
404
482

Sat .-Quiet

I

7I3

The total sales and future deliveries each day durirg the
-week are indicated in the following statement. For the cocTenience of the reader we also add a column which shows at a
glance how the market closed on same days.

port.

-'

I

<

j|l

MARKET AND SALBS,

SroT MARKET
OLOB D.

MO
ar

,->V..l&

inon^Tnes.Wed Tb. FrI.
eiSial 613,8 6;3,6 613,6
6\

71a

"^

:

The following exolianges have been madedurmg cue week:
•13 pd. to exch. 3,600 Deo. for Jan.
•50 pit. to exoh. luu Jan for Ju .e.
-zd pd. to exch. 500 Dl-c. lor Feb.
•2 < [Hi. to exch. 200 Jan. liM March.
•13 pd. to exch 500 Jan for Feb.
54 pd. to exch. 100 Dec for May.
•14 pd. to exch. 1,100 Uec. tor Jan.
•11 pd. to exch. 100 Feb. tor March.

•31 pft. to exch. 100 Nov. for Feb.
•04 pd. to exch. 3.300 .N'ov tor Ooo.
24 pd. to oxoh. KHIJaa- for March.
•2.1 pd. to exoh. 80 'Jan. tor March.
•13 pd. to exch. 1.200 Due. for Jan.
•3
ik1. to exuh. 10.) Dmo. for .March.
•02 !«!. to exoh. 100 .Nov. for i>eo.
•40 pd. to exch. 2-10 Jan. for May.
1

,

NOVEMBIRlT,

THE

1888.]

IIROXKJLK

(

Tbr Vibibm ScppLTor Cotton to-nUht, an madn up by o«hie
Tho Continental ntot^kH. an wnll -b
tho afloat are thlH wi>«I<'h rxtiirnn
anil ronnoquentlv all the Europnan HuT'iroR arc broiiirht down
to Thurmlay evnninK.
But to make the tutuln iIih ontnplnttfiffurcH for to-iiiiflit (Nov. 16), we add the item of oinortH from
the United States, including in it the exports of Friiiay onl v
and t(*1o|^iiph,

ra follown,

in

th'iHO for (Iri^Ht Hritain anil

-

ISrtH.

1«87.

I8SH.

balea

321.000
8,000

480.000
»8,000

401.000
17,000

3S'i,0«0
ill,0O0

Total rir«at Britain atook.
Stock at MAinliiirK
BUH'k at lirt^iiiou.. ... ........
Bux-k at Aiiiatordam
Btni'k at Kotrerdani

839,000
8,000
8,400
4,000

627,(H)0

418,000

»0«,0<K)

3,000
83.300
22.000

,fl00

KI.HOO
5,(H)0

H.OOO
32,300
21.000

300
600

300

300

•lot)

(too

l.'2(K)

93,000
2.000
33,000
4.000
S,0O0

172.000
2.000
37.000
4.000
11.000

131,0()0

3,000
30,000
5.0OO
10.000

2.300
110.000
3.000
34.000
«.000
5,000

Total Continental stooks

152.300

285,500

203,900

220.200

Total European atooks
India ooiton afloat for Uurope.
Amer. cott*n iitloat for Eur'pe.

481,300
29,000
461,000
33,000
686.B97
234.542
50,034

81?.500
30.000
017.000
55.000
767,586
341, 1P9
26,100

621,900
34,000
457,000
66,000
864,325
301,924
15,316

629.200

Btm!k at f.lverpool.
Block at LoiirtoD....

at Antwerp
at Havre
at .>fars«llle8. ...........
at Harooloua. ...........
at Genoa
.,,...
Block at Triestfl
Bt<><^k

Btocik
Bt<»uk
BttK^k
Bti>ck

gym.Brazll.ifec.ant forE'i 'pe
BtooV In United otatea portf..
Blook In U. 8. Interior towns..
Onlt«d States exportHto-d«7.

1

2'',0O0
S37,(HK)
Srt.OlM)

778.012
27»,34S
46.055

Total visible supply
1,984,573 2,610,385 2,360.395 2,32 ',6^5
Ortbe above, tbe totals of Auierluau and olberdesorlptloDsara as folio v% »:

American—

LI verpiKil stock

229.000
7H.000
461.000

bales

C •ntlnental stocks
A uerlran afloat for Europe..
U iltwl States stock

68(i,0!i7

Btutea Interior stooks.

231. "1:2

United States exports to-day.

59.034

linltiMl

293,000
109.000
617.000
767.588
3tl,l»g
26,100

237,000
110,000
457,000

271,000
148.000
637,000
77-,OK2
271.318
46.055

86»,:i25

301,8J4
15.346

Total Amerloan
., l,7i8.273 2,153,885 1,985,495 2,057,485
EatI Indian, Bratii, die.
Liverpool stock
92.000 196,000 164,000 115.000
.,
lioudon stock
8,000
38.000
17,000
10.000
.,-„,......
Cortl-iHntal stocks
74,300 176.^00
93,900
72.200

—

I
M.t ntloat for Europe
kigypt, Brazil, &o., afloat

Total East India,
Total American

Ac

29,0110

3C1.000

33,000

65,000

34,0o0
60,000

29,000
36,000

236.3i
4'*5,500 374,900
27^,200
1,748.273 2,153.885 1,98:',4«5 2,057,485

Total visible supply
1,984,573 2,649,385 2,360,395 i,329,<i85
Price Mid. Upl., Liverpool....
oi'iKd.
5ai,d.
5"i«rt.
5»i«rt.
Price .\fm.Upl.. New York...
lOo.
10»8C.
9>itC.
9'ieO.

IST" The imports into Continental porco this week have been
45,000 bales.
The above fimires indicate a decrease in the cotton in sight
to-night of 6''4 813 bales as compared with the same dnte of
1887, a decrease of 375,832 bales as compared with the correspondina; date' of 1886 acd a decrease of 315,113 bales as

compared with 1885.
AT THE INTEBIOK TowNB the movement that is the receipts
for the week, and since Sept. 1, the shipments for the week,
and the stocks to-night, and the same items for the corresponding period of 1887 is set out in detail in the following

—

—

StAtem

690

riw mbav* toMta ahow tin* tlw ol4 hHnrtor
r.
rMurIn(ft»WWB«kl8,«a»h»to«W,.i
irtelM.M7
'"I at th* MOM pvrtod Uat
y
owim hav* bMn 94,893 btkkw „« man tbf'wnM
t
week last yenr, nn>l sinoA S«pt«mbOT 1 Um NMlpta
all tb«
towna are ilT-i.T'.JI l>ul<w /««« than for th« mmiw tInM tn 18H7.
QOOTATIONB POB MIDDLING (Wmnn ATOniKii MAWtrm.—
1.1 the table below we give the clodlng quotation*
of iniddllac
cotton at Southern and other principal cotton markatoforMM
day of the past week:
fT7

,

''

I

.

M

ototna qooTAnom

WtUc ending
Ifoe. 16.

Batur.

IfsrflMS.

.

Savaiinnta
Obarlcftton
.

9»is

.

S^«

•Si"

..

lO

.-n

CO -<

9>t

9'is

..

Boston

10103^4
Baltimore... 9''9aio
Philadelpbta

AUKUSla
Munipbls....

lOVi

'n

St. Ivouls....

OH
0>S
9H

9>s
9>«

Cincinnati..

0<>s

Louunile...

9<%

10i«»l«

9^';'fo
9-'9

9''«

10>4
9'4
O".
9>«

10>4

9»»
9»B

10%.^

OH
10>4

K"

9i)s

9>

9"b

9S

9«i

—

Receipts fhom thk Plantations.
The following tabia
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor
Southern consumption they are simplv a statement of th«
weekly movement from the plantations of that part of the crop
vhich finally reaches the market through the outports.
;

Wuk

R<c«4|>(< at

UU Forth

'

St'ft

Awlin«—
ISrn.

1IW7.

I

1888.

at /ntflior TlMHU.

UMA.

I

1887.

1888.

Rw><«/Vom Plonfw.
law.

laga.
I

00t.l2
~ 19
t»

c- « «»
"t » r^ « r- -<
—

*«c X
* .Xo
QD ?: I* - X
:!

.-(

-i- •«f 1/^
-s« oc- c-< >.. I

iooioclirjncsMri

iON'^^55r-0»

a *o

w

ton

^eirioJ

.--#»WiOO«

W ^ t*

wr^

rf3

rifi

I

1

CO
so

t^

x^Ol .^
09
e»

O

.

Nov. 8
"
9
" IB..

... Z58.4S.'<

CDOO

O I' fl O r. » O •» ^ O M '^ :^ ?• O

.^ Cy IM

Wl.kM

270.707 «38.I)a7 208.7BS l»S.a80'MI,aM

aSlM7 W4JM

271I.SS0SOt.«O0V78.<>»l 317.697 8t7.0MMS.IS« anM>S»s.(MI «e3jn
869 Jlie 381.818 882.8^1 nargSO a84.7g4 aBe.480 «ga,IW» l«gJW8 278.710

—

The above statement shows 1. That the total receipt* from
Che plantations since September 1, 1888, are8.83<,3l4 b«I
in 1887 were 2,986.135 bales
in 1886 were 2,446,732 bales.
3.
That, although the receipts at the outports the pant we«k
bales,
were 362,369
the actual movement from plantations wai
375 710 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 323, 58S bales and for 1886 they wer«
288.079 bales.
;

—

Amount of Cotton in Sioht Nov. 16.—In the table below
we give the receipts from plantations in another form, and add
to tliem the net overland movement to Nov. 1, and also the
takings by Southern spinners to the same date, so as to givs
substantially the amount of cotton now in sight.
1887.

188B.

•<1'

©at0i0 7>r>0

I

Tot. receipts from pUntat'ns 2,333,214 2,986,125 2,446,733 3,458.768
Net overland to Nov. 1
16^.4651 3i'4.955
147.086 1.^3,156
Southern consumpc'n to Nov. 1
90,000
85.000
08.000
6O.U00

ooiupured with
ts 80.245 bales.

— -O — NWiO-n*
IOJtraDXOXatO-^OiCW
i: .-r »
^5
CO
'J t^

c •

lO

lO -O 3: CO

•)•

'-C

i

2,585,670;3,276,080 2.661.818 2,671,934
554,9871

B90.624'

471.839'

1886

la

76,139 balea and the decrease from 1885

t^

Weathbb Rbports by Telkoraph.—Telegraphic
1

^

.H

«»H

cc.r;'0o:t^»0.ra

•^liOMOOrH 5C0

»iocoa3o3»-*'5t»»s>;at»!Oio»to
in

I

C3

n«t*tC

•to

3C30fli

!

33

to UH

;—

.c,ni ;^^3& .s^^ii. -^«
looricorHji".^ io-«

I

O?3i-»M©t-Nt^X,;03iO

W.H :o^ xco

»?3^w

•^rf^t^t-

NM

—

SNCDNn
n ic *
t

-.

r^

-

C4t-c^.^03tc4

I

«o
a

'

Xt-;-^:3 -f t>33 0-^OC^iOCJ,
aJ-^O-J Xl-Mi-T.^'.O'^MOIX — Nt-^ J"

r-io^ .CIS

•i 33?: 33 :^)rt

»

..I

advice*

that- as

and Tennessee.
ffaloe toit, Texas.— It has been showery on two dnys of the
week, the rainf ill reaC ing thirty-two hundredths of an inch.
Tbe tbe' mometer has averaged So, tie highest being 68 and
the lowtst 44.

'

1

from tbe South ti-night indicate

a rule the
weather hns been f ivorable for picking during the week. In
some portions of South CirolioH, Odorgia acd Fl'iri a, however, the laiiifall has been excessive. Killing fn sts o<-carred
tbe ear y part of the week in sections of Arkansas, Hixsirsippi

co«r^co'.o"

t*c0'*w«aa--0X5i<eio.^o?s-*
«
X — oi.oDOooa^x-'s^.O'OOi-t^o
CO

474.500

It will lie seen by tbe above that the decrease In amount tn siKht tonlttbt. as oomiiarird with last year, la 690,401 Imles, the deenasa as

m-.

to 01

1889.
I

Reoolpt«attbe ports to Nov.l6 2,092.109 2,625,161 2,157,612 2,165.357
Interior stocks on Nov 16 ln|
excess of September 1
211. 1"5
300,964 239,120 293,411

Morcbern spinners' takings to
Nov. in

J.

ag^

27l.8A5'vS».17<a7».slll2;8.(l.'«< aOt.l)«l!23!t.l)O*atajM3».)Mlli|)gL0aa

I.>tallnsl«bt Nov. 16

©XXTWOO
M D

r^tr;5i:03iCaxc*t^t^?:ic;i-f'-o3C;cc

|

'S¥>,S»i17«Jir«»0Mi IW.SSS i7R,580'iaaM7 aiaMim.4intat.toi
eSM.8l8>71.'n»Z83.«n4 1<«.'Sr2a8.7«0'l74.IITI S0H.«8T8m,UlB«a8lMr

i

I

10>4»*(

10*4
9I«

I

IC
OS

.

Si:-

9%

94

Ik'

.

WllmlnKton.
Sorfolk

Si:-

»<•

.

1888.

O^CM3—W

rn.

i»i«rf.
1

Qalvoatou
Hew Orleans
Hoblle

rit.

;

mooum oomoir oa—

torn

Tut.

iron.

—

J3

r.iiO'*tOX)?o<on3oamBr)'*ioaa
•jxoD'^ ^o .a.Hxi«— w^toioO'-.

*m-<ouaoco
^-tr^to

.t ;s -•

tau-s ifw, r«x<u. There have been light showers on two
days of the week, the rainfall reiohing ten hutidredth* of an
inch. The theimometer has average 1 50, rangijg fiom Si
to 6).

—

Sun Antonio, Texnji. ^We have had lain o-i two d <ys of
the week, tbe rainfall reichia< one inch ani four hundrr^dth*.
Toe thermometer has rang'd from 40
'if
j|3 3.«2^»»|S'|^.3^
.

*Tlui
flfCnres

aauTm

for

eiUmated.

,

X,

ri

-^

,-

a a;-

-

^^^^^^

LuulsvHIe In boin

yeiur* ar«

1,

a

1,

3

net."

=; o
ITIus year's

—

1

1

60, avertt(in< SO.

Louisiina. We have hal rain on fuui day*
of the «eek, iheriurull rearhing eighty haadteddw of an
inch. Averii(e thermometer 64.
Kaiofall for the week tw>'|rs
inronef/itrt, LoHUtlana,
hundredthi of an inch. Cne therm >meter nis averaged 01,
N<!tO Ori«artt,

—

tne highest being 69 and tbe lowest 34

THE CHRONICLE.

600

—

Shipments for the week.

Columbus, Mississippi, We have bad rain on two days of
the week, the rainfall reaching one inch and khirty-pine hundredtbe. The thermometer haa averaged 48, ranging from 28
to 66.

Leland, Mississippi.— BsLintaM for the week forty-nine
hundredths of an inch. We had billing frost on Suaday,
Ihe thermometer has ranged from 30 to 71, averaging 43'3.
tlreenville, Mississippi. Telegram not received.
Clarksdale, Mississippi. Telegram not received.
Vicksburg, Mississippi. It has been showery on three
days of the week, the rainfall reaching one inch and eightyone hundredths. The thermometer has averaged 56, ranging

—
—
—

from 39 to 71,
Little Bock, Arkansas.

—It has been cloudy on five days of

ithe past week, with rain on three, the rainfall reaching one
nch and four hundredths. The first visible frost of the season
occurred on the night of the 11th. The thermometer has
ranged from 84 to 65, averaging 48,
Selena, Arkansas.— It has rained slowly on four days of
the week, and not much cotton has been picked. The rainfall

Receipts are still
reached one inch and seven hundredths.
We had killing frost on Monday.
much behind last year.
Average thermometer 50, highest 68, lowest 32.
Memphis, Tennessee. It has rained on three days of the
week, the rainfall reaching sixty-two hundre dths of an inch.
The first killing frost of the season occurred on Sunday, and
gain on the 13th we had killing frost and ice. The thermometer has averaged 49, the highest being 68 and the lowest 37.
Nashville, Tennessee. It has rained on five days of the
week, the rainfall reaching eighty-seven hundredths of an
inch. The thermometer has averaged 50, ranging from 30

—

[Vol.

Breat
Britain,

Oontir
nent.

Caloatta—
1888
1887

Shipments since January

BriMn. OonHnent.

Total.

Total.

1,000

26,000
99,000

61,000
127,000

87,000
226,000

3,000

2,000
1,000

5,000
1,000

45,000
57,000

14,000
13,000

59,000
70,000

3,000
2,000

1,000

4,000
2,000

78,000
87,000

36,000
34,000

114,000
121,000

6,000
2,000

4,000
1,000

10,000
3,000

149,000
243,000

111,000
174,000

260,000
417,000

AU others—
1888
1887

1.

1,000

Uadraa—
1888
1887

XL\n.

Total all—

1888
1887

The above

week show that the movement from
Bombay is 7,000 bales more than the same

totals for the

the ports other than

week last year. For the whole of India, therefore, the total
shipments since January 1, 1888, and for the corresponding
periods of the two previous years, are as follows
:

EXPORTS TO EUBOPB FROM ALL
1888.

Iin>IA.

1887.

1886.

Shipments
to alt

Europe

from—

Bombay
All otlier porta.

—

Total

This
week.

Since
Jan. 1.

4,000
10,000

850,000
260,000

6,000 1,065,000
3,000 417,000

4,000 1,013,000

14,000 1,110,000

9,000 1,482,000

4,000:1,270,000

This
week.

-This

Since

Jan.

Since
Jan. 1.

week.

1.

257,000

Alexandria Rkckipts and Shipments.—Through arrangements we have made with Messrs. Da vies, Benachi & Co., of
Mobile, Alabama.— We have had showers on three days of Liverpool and Alexandria, we now receive a weekly cable of
the week, the rainfall reachirg ninety-six hundredths of an the movements of cotton at Alexandria, Egypt. The followinch. The thermometer has rarged from 39 to 75, averag- ing are the receipts and shipments for the past week and for
to 70.

ing

the coiTesponding

56.

Montgomery, Alabama.— Tiain has

fallen

on three days of

the week, the rainfall reaching one inch and fif tv hundredths.
Average thermometer S5, highest 70 and lowest 38.
8elma, Alabama. There has be^n rain on two days of the
week, the rainfall reaching eighty-five hundredths of an inch.
The thermometer has averaged 54, the highest being 68 and
the lowest 87.
Auburn, Alabama. The week's precipitation has been two
inches and fifty -nine hundrtdths, on one day. The thermometer has averaged 54, ranging from 37 to 73.
Madison, Florida. We have had rain on three days of the
week, the rainfall reaching four inches and fifty-three hundredths. The thermometer has ranged from 40 to 77, averaging 64,
Columbus, Georgia. We have had rain three days of the
week, the rainfall reaching three inches and thirty-eight hundredths.
Average thermometer 55, highest 65 and lowest 40.
Savannah, Georgia. We have had rain on five days of the
reaching one inch and twenty- one hunrainfall
week, the
dredths. The thermometer haa averaged 60, the higheei
teing 74 and the lowest 43.
Augusta, Georgia. Telegram not received.
Atlanta, Georgia, Telegram not received.
Charleston, Houth CaroWna.— Rain has fallen on four days
of the week to the extent of five inches and forty- four hundredths.
The thermometer has averaged 62, the highest
being 78 and the lowest 41.
Stateburg, South Carolina. Rain has fallen on four days
of *\ie week, to the extent of fifty-seven hundredths of an inch.
There has been frost on two mornings. The thermometer has
averaged 58, from 85 to 76.
Columbia, South Carolina. Telegram not received.
Wilson, North Carolina. Telegram not received.
The following statement we have also received by telegraph,
«howing the height of the rivers at the points named at 3
o'clock Nov. 15, 1888, and Nov, 17, 1887.

—

week

years.
1886.

100,000
1.]1B,000

110.000
793,000
This
Since
week. Sept. 1.

190,000
982,000

This
Since
week. Sept. 1.

This
week.

Since
Sept. 1.

Exports (bales)—

To Liverpool
To Contiuent

........

56.000 14,000

83,000 21,000
41,000 4,000

3,000| 24,000 16,000

Total Europe
*

11,000
14,000

g],00O
21,000

80,000 30,000,124,000 25,000 102,000

A cantor l8 98 pounds.

—

This statement shows that the receipts for the week ending
Nov. 14 were 140,000 cantars and the shipments to all Europe

—

14.000 bales.

—

—

—

Manchester Market. Our report received by cable to-nigh t
from Manchester states that the market continues dull, and that
the dtmacd for both yarns and sheetings is poor. We give the
prices for to-day below, and leave those for previous weeks of
this and last year for comparison
:

—

ZneA.
3

Feet.

Xt6w 0rl©aM.....,.«..Al)OV6 low- water marlc
Memplils
Above low-water mark.
Above low-water mark.
HaahTlUe...
Above low-water mark.
Bbrevepon
VlckiburK
Above low-water mark.

5

22
29

2

Ineh.
3
4

7

Feet.

1

4

9
2

5

19

1

•3

1

SH

d.

778
7'a
7'e
7'8
7'e
7'8

d.

®838
®838
®838
®838
®839
•8»8

Cott'n
lbs.

Shirtings.

Twist.

—

Xov. 15, '88. \ov. 17, •37.

1887.

1888.

32« Cop.

—

*

two

1887.

1888.

Beoelpte (cantars*)—
Tbla week....
Since Sept. 1

—

—

of the previous

Alexandria, Egypt,
Nov. 14.

s.

6
6

d.

8.

®7
®7

d.
1

1

6
6

^7
®7
®7

1
1
1

6

®7

1

6

Mid.
Uplds
d.

5'8

8I4 lbs.
Shirtings.

32» Cop.
Twist.
d.

739

38

d.

7% ®8
7% -ais
739 ®8
7% ®838
51118 7=8

®8i4

Jute Butts, Bagging, &c.— The market

d.

8.

8.

7i9»6
7J2®6
71336
5 7>s®6
5

5
5

5
5

Mid.
Vpldt:

d.

9
9

d.

5>4
514

9

10

7ifl»6 10

8

for

©7

bagging

is

not

active, the only busicefs doing being of a jobbing character.
Prict s are rather unsettled, and though the general figures
are 113^® 14e., there ate some reports of lower quotations.
There is only a small inquiry for jute butts and small sales
are reported at SigC. for paper grades and Z\i@%%c, for bagging qualities.

The Agricultural Department's Report foe November.

—The Agricultural Department's report on cotton for Novem-

Below zero of gauge.

ber

is

given below

India Cotton Movement from au. Poets.—The receipts
Tlie Department of Agriculture reports a good season for cotton plekand shipments of cotton at Bombay have been as follows for Ing during October in tbe southwest, and only moderately favorable
the week and year, bringing the figtires down to Nov. 15.
weather in the Atlantic Coast States. The wet weather of September

BOHBAT BEC8IFT8 AUD BHIFMEim FOB FOim
SMvmenig

ihi* week.

Tear Great Conti-

SHfn.

nent.

Shipments Since Jan.

Great
Total. Britain

Continent.

1.

Total.

T1EAB8.

XeceipU.
This
Week.

Since

Jan.

1.

4,000 4,000 217,000 633,000 850,000 6,000 1 ,315,000
1B88
1387 3,066 3,t00 6.0001371,000 (394,000 1,065,000 8.000 1,522,000
4,000328,000 685,000 1,013,000 11,000 1.451,000
1)86 4,000
1,00(1220.000 472,000 692,000 9,000 1,036,000
1US5 X.O0O

proved very injuriows to quality, prosti'ating plants and rotting bolls,
causing blight and shedding, and injuring prospects of the top crop.
There is much stained fibre, and quality is much poorer than that of the
previous year. Picking was late commencing, but there has as yet been
no killing frost, rendering possible a partial compensation as t« length
of season. Jndicalions of yield per acre average Che same as last year at
this lime, though the previous condition of the plants scarcely warrimt*
the expectation of so much lale growth and har\ est outcome in November and December. The States west of the Mississippi ivjiort a slightly
larger yiehl than last year, while Georgia, Alabama and Teunes-ce Indicate a slijjht reduction, Other States indicate nearly the same expectation at this date.

The statistician has issued no tabulated statement of the
According tc the foregoing, Bombay appears to show a
It will be remembered tliat in November last year the
yield.
dicreiise compured with last year in the week's receipts of
3,000 bales, and a decrease in shipments of 2,000 bales, and Agricultural report gave the indicated outturn per acre in thethe shipments since Jan. 1 show a decrease of 215,000 bales. various Slates, which pointed to a yield in the whole country
XliO moveiTiEiit at Calcutta, ilaJrjia £xid otuer Xa«iia. poita foillbm ]asi f«r<>rt-w} wee* «ijd «;««» ths !sJ of Jiuasrv^ twr two
fotiowt ^ Oifeej- soU*" .gpvar V^vkan,
»«»«, Jjja Seen
l^uticorio^ KBrracLsci Siod Occotsada*

m

of aboat 6,800,000 bal.3e, Trheruts the fcctnai csrcp wtis in ex.
y.OOO.OGO ~ft«t<M> X'Bdca «fid«o i:lri0U!nKi»i:iC«». it '» difi^
Oi<«
CXfM is anderBtai'J 'ostnhsi i£ aisaai t>y tiie preoeat report.

M

November

THE CHRONICLE.

17, 1888.J

EuKOPEAN Cotton Consumption fob October.— Wt) have
T*ceiv«d to-day (Kriday), by cable, Mr. Ellison'a tlKures for
October, the flrst month of the new cotton Beaton. We have
also received the revised totals for last year and give them
for comparison. The spinnera' takings in aetual bales and
pounds have been as follows t
In

Oreal Britain.

Oetober,

Oontintnt.

Total.

Takings by «]>lunarB...balea
Average weight of bales....
TaUngfl In pounds

217,000
447
96.999,000

104,000
428
70,192,000

831.000
439
167,191,000

324,000

208,000

532,000

For 1887.
TaktDKS by spinners .ba^es
Avera^ weight of bales ..
. .

Xnklntni In pounils

425

426

137,895.000

88,774.000

•2

425-4
26.069,000

AccordinK to the above, the average weight of the deliveries in Great Britain is 447 pounds per bale in October
tbi.s season, against 435 pounds during the same time last
season. Tlie Continental deliveries average 42? pounds, against
426 pounds last year, and for the whole of Europe the deliveries average 489 pounds per bale, against 425'4 pounds last
season. Our dispatch also gives the full movement for this
year and last year in bales of 400 pounds each,
-

In October.

areal Jirilaln.

Continent.

Total.

For 1888.
Bplnners' stock October 1...
*raklng4 In October. .........

52.000
243.000

193.000
178,000

245,000
419,000

Total BUivnlv.. ...........

295,000
255.000

3 1)9,000
292,000

664,000
547,000

Coosiuuptiou 4 weeks
Spinners' stock Nov. 1

40,000

77,000

117,000

51,000
344,000

167,000
222,000

218,000
566,C00

Total supply
-Consumption 4 weeks

395,000
292,000

389,000
288,000

784,000
680,0

aplnners' stock Nov. 1

103,000

101.000

204,000

For 1887.
Splnncrd' stock October

1.

.

indicates that spinners' stocks are now 117,000 bales, against 204,000 tales last yea'. The cable further
states that the average weekly rate of consumption in Great
Britain for October this year is stated by Mr. Ellison to have
been 75,000 bales, but deduction from the month's total of
45,000 bales has bf ea made on account of s'oppage of spinLast year the weekly average was 73,000 bales. Contidles.
nental spindles consumed weekly this October 73,000 bales,
against 72,000 bales a year ago.

The foregoing

EOROPEAN Cotton Supply.— In our editorial columns of
Nov. 3 we gave the resul's from Mr. Ellison's Annual Cotton
Review as received by cable, including his estimate of supply
sources for the season 1888-89. At that time we
stated that we did not fully understand how the figures of
the European supply from America for the new season had
been arrived at. Now that the circular has reached us by
mail, we are able to give Mr. Ellison's own explanation,

from

all

which is as follows
"But although it does not appear
:

as if consumption will materially exceed that of last season, neither does it appear that
there will be any increase in supplies, unless the American
•crop should turn out to be larger than the current estimate of
7,000,000 bales. On the basis of this estimate the movements
for the sea.son will compare as follows with those of the

two

Wo have then added the ooMon kilortattte
opening ot the season, and daduoted tli«t at th* olow ; Um
balance gives the indicated Import for the seaaoa mmUbk
000 In 1887.

Sept. SO-say 4,694,000, against 4,S8S,000 last mmoo. Tlii
difference between the indicated and the actual import teto
Europe in the Mason ended September 80 con^aU of rmHuo
lost at sea."
East Ikdia. Crop.— The following is from Me«n. Oaddan,
Co.'s report, dated Bombay, Got. 12
Bythell
There Is not much now to be uld renrdlnK the icrowliijf eropa. To aU
eppeanmoes the .Hnuthwi-st monsoon u about over, and iba cotton ptaala
la the Broach and Dhollrra diairtots will have to depead newentlM
dews at night. On the whole our reports from these olstrtots aia not
worse than a week ago, bnt we hear ibat the gnln crops will be aa utter

&

For 1888.
'

BOl

previous seasons

:

failure In many places. From the Oomra dlstrtcta tlia reports ooattau*
good, and picking has already begun on a small scale.

The Bombay Cotton Company's repoit
says

-Crop
.Stock Sept. 1

7,000,000
182,0Q0

1887-88.
7,017,000
84,000

18«6 87.
6,613,000
178,000

Supply. ..
Stock Aug. 31.

7,183,000
150,000

7,101,000
182,000

6,691,000
84,000

1888-89.

;

—

SHiPPisa News. The exports of cotton from the United
States the past week, as per lategt mail returns, have reached
157,912 bales. So far as the Southern ports are concerned, theoa
are the same exnorts reported by telegraph and published ia
the Chronicle last Friday. With regari^ to New York we
include the manifests of all vessels cleared up to Thursday.
Total kat*§

New York—To

Uverponl, per steamer* Adriatic, 765

Clr-

316... City of Chester, 2.113. ...Egypt, 2,739....
10,979
Kngland, 3.290 ...Nevada. l,ft72....Umbrla, 184
Ureece, 1,774....
To lA>ndou, per steamers Canada, 1,179
caBsL-i,

—

S.OiS
3,483
2,283
Havre, per steamer La Normandle, 2,2'<3
3,880
Bremen, per steamers Kliler, l.250....Saale, 1,130
903
Hamburg, per steamer Sorrento, 903
837
Anisterilam. i>er steamer /aandam, »37
1,634
Antwerp, jht steamer IVunland. 1,034
200
Hai-ecloua. per steamer Burgundia, '^OO
1,000
(ieuoa. per steamer liurgundia. 1,000
New Oiir.EASS—To Liverpool, per steamers Architect, 4,7B7....
17,257
Bfssel, 3,031). ...Editor. -1.184. ...Hnytlen, 4.686
6,191
To Havre, per steamer Irthlngton, 5.191
....
4,871
To Bremen, per steamer Canton, 4,871
900
To Barcelona, per bark Barcelona. 900
Savannah— To Liverpool, per steamer Durham City, 8,719...._ 8,719
6,200
"To Amsterdam, per steamer Ban Juan, 0,200...
37700
To Reval, per steamer Roblnia, 3,700
CUAKLE.STON— To Liverpool, per steamers Marttana, 4,734....
8,984
Picqua, 4,200
4,000
To Havre, per steamer Wandrahm, 4,000
Galveston— To Liverpool, per steauicrs Asiatic Prince, 5,235
....DrltHeld, 4.812 ...Gardenia. 4..->07....Qrlmsel, 3,187
28,867
....Guy Colin. C.iaO ...Prince.s.s, 4,»6B
4,834
WiLMI.NOTON— To Liverpool, per steamer Cam Harth, 4,834
St. DtmNorfolk—To Llveiiwol.pcr steamers Albano, 7,391
Horro.x, UK)
Hull. iMsr steamer (iailleo, 3,483

To
To
To
To
To
To
To
To

12,9.50

stan, 5,55!*

To Bremen, per steamer Uolstein, 3.925
West Point— To Liverpool, i>er steamer Gallego, 7.539
Boston—To Liverpool, per steamers Bulgarian, 1,030

3,925
7,539
Michi-

gan, 4,502

To London, per steamer Milanese, 1.600
Liverpool, per steamer Peruvian, 1.909...
To Bremen, per steamer Khcin, 1.203
Philadelphia -To Uverpoo'. per steamer I>ord Gough, 1.243..
To Antwerp, per steamer Switzerland, 1,766

Baltimokk— To

Total

The

9,533
1,600
1,909
1,20S
1.243
1.786
157,918

particulars of theee shipments, arranged in our osoal

form, are as follows
Amtter

Bremen dam
and and

B'Md
Liver'
poet.

York.. 10,979
N. Orleans . 17,2.^7
Savannah .. 8.719
Charleston . 8.934
Galveston.. 2S.867
Wllmlngt'n. 4.834
Norfolk.. .. 12.950
West Point. 7,539
5,532
Boston
Baltimore. . 1,909
1,243
PhU'delph'a

Bam-

London.
6,."i38

Harre. burg.
2,2^3 3,3-43
5,191 4,671

Bareelona

Antwerp. Reval.

2,471

and
Oemta.
1,200

26,752

900

2S.2l(>

TotiU.

13,«19
12.934

6,300 3,700
4.000

.••. •.•.• 28»Bo7
4«9««
>•»•• ••.• ....
•••• >.•>• 16»bT5
...a..
......

3,tf2S

1,600

..«•••

...

7.939
KWA
V
3,iia
8,029

..•*••

»**.*•

3,700

2,100157.913

1,203
1.786

§

7,032,000
2,380,000

6,919,000
2,330,000

4,652,000
168,000

Below we add the clearances this week of vessels carrying
4,589,000 4,409,000
cotton from United States ports, bringing our data down to
247,000
149,000
dates

4,4«4,000
250,000

4,343,000
168,000

4,260,000
247,000

1 to Sept. 80. 4.734,000

110,000

4,510.000
185,000

4,507,000
120,000

4,844,000
150,000

4,695,000
110,000

4,627,000
la^.OOO

Indicated import Oct. 1 to
Sept. 30
4,694,000

4,685,000

4,443,000

Deliveries

United States, Canada,

etc.

Shipments to Europe.
Less last September

6,607,000
2,198,000

game data

Cotton picking has coiumenoed in parts of the Bengal distrleta, and
flrst sainplcH nre oxpectod shortly. There Is no change to report In the
prospects of this crop. In the Berars and Khundelsh the reports ara all
that could bo desired, nnd the crop Is rapidly rli>riilng. No rain haa
fallen In Knttlnwnr, and the plants nrn iilroudy allghtly damaged by
drotigbl heavy (lews, howfvcr, arc now falling, which counteract, to a
great extent, tbn shortness of the rainfall. Tlic cliaix-o ot a large crop
of UhuUera cotton in now remote, and a shorter outturn than even laat
year Is already spokin of. No further rain Is now expected la Ooxamt,
and the outturn of the Broach crop Is not expected to oe larger than laat
year. Tiio heavy dews now falling are doing good to the growing plants,

New

:

of th«

:

Total .... 108.763

8,

136 11,474 13.282 10,457

the latest
Oa.lve»tos— For Liverpool—Nov. 9—fltoamer Propltlotu,^—...J«0T1
10—Steamer Glenneld,
For Fleetwood— No V. 10-Steamer Keto, 4,270.
NEW Orleass—For LIveriiool -Nov. 9 -Steamers Aathor, 3.545; MOTclano, 5,529. ...Nov. 12-Stearaer Hugo, 9,211.
«
For Havre-Nov. 12—Steamer Havre, 7,129.
PorHamburg—Nov. IS-SteamerBorusaULa.IOO. . ._.
. „«^
For Barcelona and Malaga - Nov. 12—Steamer Crutobal Cojo^ 9.80^
For Genoa—Nov. 9—Steamer Utopia, 9,73S....Nov. 13—SteaiMr
Elsie, 5,857.
...
„
CiiARLEs-roN-For Liverpool -Not. 12-Steamer Progroaa, 9ea
For Bar. elona-Nov. 18 -Steamer CMlllla, 4,909.
WiLMiNO-roK— For Llverpool-Nov. lO-Steamor Areotbo, 9,300....iiOT.
ll-SteamcrPhconlx, 4,800.
NoRFOi.K-For Livenmol-NoT. 13-Steam«rFnitaTa. 2.957.
West I'oivi^— For Liverpool— Nov. 9—otoamerBoaso, 8,707.
9—
Bosxoif- For Llverpool-Nov. 6—Steamer Bavarian, l,135....»eT.
:

Shipments Oct. to Aug.
Add next September
Shipments Oct.
Afloat Oct.

1

Total
Afloat Sept. 30

-.

31..

Actual import
4,670,000 4,555,000 4,405,000
"We have assumed that the United States, Canada and Mexico will take 50,000 more than last season.
From the balance
left for shipment we have deducted the shipments in September this year and added those of September next year, assuming the larter to be 250,000, against 182,000 this year and 347,-

.

Steamers

Istrlan, 2.251;

Samaria. 393.

For Halifai-Nov. 10-«teamrr Worcester. 40.
For Yarmouth -Nov. 9-Steamer Yarmouth. 101.
Baltimohe— For Llvori>ool— Nov. 7 -Steamer Mrntmore, 4,3»t.
For I.ondou-Kov. 2 -.Steamer Montana^ l.OSO.

Philakeuhu. For Llvetpool-Noy. 18—flteaiaec

Ohio,

THE CHRONICLE.

602
week have been

Ck>ttos freights the past

Do

sail

1

Wednu. Thurt.

Fri.

c.

Do via London

d.

»8

'^i"e

"he

he

»8

=8

=8

=8

»8

65*

65*

65*

65*

65*

'la

"he

"''[e

"''le

38

38

38

38

38

DAILY CLOSINO PKICK8 OP NO. 2 RED WINTER WHEAT.
Mon.
Sat.
Tues.
Wed.
Thun.
J^.
10958 1 10
November delivery
.c.l 11
10938 1 lOig 109H
December delivery
c.l 12%
1 11
11038 llOTg 1 lO'a
January delivery
c.l 13% 11238 1 12% 1 12
11218 1 12J2
May delivery
c.l 18% 1 17
11738 110% 117Ja 117>a
Indian corn has declined. The offerings have not materially
increased, but the scarcity of oceau-freight room has kept the
purchases for export within narrower limits, and the speculation has lacked spirit. The arrivals embrace some samples of
the new crop, which, being very damp, soM low. The weather
has been such as to delay the getting of the new ciop into
condition for marketing.
To-day the market was dull and

38

38

38

38

38

weak under

=8

^16

"hs

=8

65*
Amst'd'm, steam. c.
Do via London.d.
d. ''i6®Hj
Beval, steam
d.
Do saU
38
Barcelona,steam d.
38
Genoa, steam .. .d.

"»8

''16
'

Antwerp, steam d.
^ Per 100 lbs.

38®V,8

38®7,6

38®7,6

Trieste, steam... d.

6,„

=8

n^>

he

he

he

he

he.

36®7,8

—

Liverpool. By cable from Liverpool we- have the following statement of the week's sales, stocks, &c. at that port
Nov.

Oct. 26.

Bales of the

week

bales

Of which exporters took
Of which speculators took.
Bales American
Actual export

,

.-

Forwarded
Total stock—Estimated
Of which American— Estim'd
Total import of the week

Of which American

Amount

afloat

Of which American
^^__

2.

•

48.000
2,000
1,000
38,000
7,000
61,000
233,000
178.000
H9,000
78,000
194.000
184.000

58,000
3,000
3,000
44,000
6,000
65,000
253,000
152.000
73,000
56,000
180,000
170,000,

Nov.

9.

69,000
4,000
1,000
54,000
8.000
69,000
286,000
187,000
79,000
71,000
211,000
231,000

Nov. 16.

60,000
4,000
3,000
5^,000
11,000
74.000
321,000
229,000
119,000
110,000
24H,000
233,000

of spot cotton, have been as follows

Oats have been tending upward, the bull party to the specshowing a good degree of confldenca. White samples
have shown the most strength. To-day the market was quiet.
DAILY CLOSINO PRICES OP NO. 2 MIXED CATS.

)

Firm.

Quieter.

Steady.

]

Mld.Upl'ds.

5%

Bales
Spec. & exp.

10,000
1,000

Thurtd'y.

Good
demand.

offered.

Freely

Friday.
Easier.

511,8

511,8

511,6

511,8

5X1,8

10,000
1,000

12,000

12,000
1,500

10,000
1,000

1

,500

c.

o.

January delivery

May

o.
c.

delivery

31

Wed.
3118

31%
32%

31%
32%

35

3514

3158
3258
3514

is

rMarket,
12:30 P.M.

at

Weak at
2 64 <S 3-64
decline.

)

partially
1-64 ad-

5

vance.

Barely

Very

1

steady.

eteaay.

Firm at Steady
2-61 ady.

Firm.

at

decline.

Quiet and
steady.

Steady

ai

1-64 decline.

Steady.

Steady.

Very

^^

t*ai.,

N ov.

Oven Btgh low.

.

bushel.

The following are the closing quotations:

9 bW. f2 8i®5 i3
3

6
3
3

Soathem aupers
SoutU'n com. extras..

We8t'nmUedNo.2.

49% 3

2
Western yellow....
Weatern wUlta

50
50

3
®
9

d.

d.

6 85

6 29
5 27
5 27

6 35
6 32

6 34

6 28
6 27

6 34
6 30
5 29

531

SSi

5i0
5
6
5
6
6

5 20
5 29
5 29
6 31
5 32

5 30
5 30

OhloaKO

529

6 30

}nlath
4tanea polls.
Toledo

5 32
5 80

5 32

5 32

6 83
6 20

5 SO

6r.o

5 27
6 87
6 27
6 28
6 30

6 87
6 28
6 28
6 31

5 27
6 27
6 28

f 31

B32

6 31

6 33

6 34

6

3i4

5 80

SSO SSO 5 30 5 30
5 30

5 31

5 31
5 38
6 85
5 89

SS3
S35

5 30
5 31
6 83
6 35

6 37

538

6 82

5 31
6 32

5*5
5 35
5 37

&2r,

6:so

3:4

628
5S11
6 31
6 32
6 34

5 29
6 30
5 32

30
80
32
33
35

583
5 34
535 536 6 35

6 32

5 83

635
6 36

Thara.. Nov. 13.

Open Hioh Low. OJm. Open High Lov).
d.

NoTcmber

,

Mot. -Dec.
Dec-Jan.
Jan.-Feb.
Teb.- March
Mar.-Apill
April-May..
-May-June.
June-July..

rt.

ess 6 86
5 31

5 30
6 30
6 80

•6

32

d.

6 36

680 5 80

6 31

6 80
5 81
6 32

5 32

633

634

6 36
5 36

5 30

a.

5 35
6 31
5 30
6 30
6 31
6 32

5 32
6 80

6 80

a.

Loxo. Clot.

d.

d.

d.

6 32

5.32

5?3

528

6 38
6 89
6 28

5 28
6 27
6 27

6 29
5 28

536 534 6 35
631 6 29 630
5 29 6 89 6 2S 628
629 6 29 6?8 628

5 38

6 85

6 36

d.

Open Bigh

6 81

584 635

6 33

d.

Not. 16.

6 35

6 29
5 80
6 32
6 33

5 81

632

d.

Clot

Frt..

5 27

6 27

528
52S 6 27

6 29

6 28

6 28

6 27

530

6 29

529

6 88

5 32
5 84
5 33

5 31
6 32
5 31

5 31
6 83

6i9
6 29
631 6H2 6 81

585

6 33

6 29
5 30

5 28

6 34

6 83

a.

528
628
529
530
5 82
6 34

BREADSTUFF S.
Fkidat. p. M., Nov. 16, 1888.
The floor maiket has In en dull, but there is no dechne in
Ibis is due lo the action oi millers at Minneapolis
piitts.
acd otl er WeBtein points in curtailing production.
Our
holdeislave in cmttqumce btt-n veiy firm in their views,
wtitirg lor tie needsof buyers to biing them into tbe market.
The ctaiser ttufifs— r.ve Hour, corn meal and buckwheat flour
tlicw tou.e dcclite. To-day trade gent rally was very slow.
The wheat mhiket has been tluggish, prices fluctuating
fttb)y within cairow limits. There have betn no active influccctb ht work, and operators seem to be waiting for some-

15
11

i

Rye—

0.

State&Jersev.S ba

I

Oata— Mixed
White

20

No. 2 mixed
18
No. 2 white
51
Barley—
sola
Canada No. 1
Canada No. 2
....

52
52

Two-rowed

5 50

0.

67 9 71
29 * 33
31 9 41
31is3 32>9
35 9 36

92
Si)

94
90
83

85
65

70

86

State..

aix-ro wed State

Bmh.ie U»

279,034
237,112
148.755

1,195.896

§5.621
43,883

44,656

1.412,400

88

24.943

6,081

1.5.>i2.165

1.473.348

1.692,858

8,164,066

1.813,433

706,612

8.759,792

48,515.638
47.837,i06

34.012.887

S.78o,278

2U.8iJ8.746

3,196,305

47,750,962

33,226.923

ToUwlt. '88.
iamewk.'87.
li.'86.

.

35,353
11,639
20.195

U0.845

39.0(10

5,298
156,146
,34,400

1,088

8,888
12,100

924.103
973,086
674.060

133.321

33.722,570

10,077,559

2,822,618

30,135.232

10,282.678

729,788

27,47U.li4| 10.227.816

1.036,652

59,558

64386

1.

1888
1887
1886

The

80,738
54.S97
40.273
115,040
176.000

..— ..

1,350, 195

2.250

Unce Aug.

82.678
23,620

2,038.279
4.0O2.19i

13.252

Jtye.

489,297
174,920

203.688
235.777
275.6:2

.

Louis

Barley.

976,400
50,000

115,300

5,781

Peorts

darnel*

13,440

Oata.

Busli.S2lbii Bu.'i)l.48It>.<{Bu. 56 151

111.795
204,1U2
37,878
180,S53
25,000

2.881

5,264
,

Com.

Bhis.imibt BluA.60 Uu
Vlllwaakee..

aetrolt
'Cleveland

Wheat.

Flour.

Rtceiptt at-

3t.

Wednea. .Nov .14.

3
2

The movement of breadstuffs to market ia indicated in the
ataiement beliw, prepared by us from the figures of the New
York Pro luce Exchange. We tirat give the receipts at Western lake and river porta, arranged so as to present the comparative movematit for the week ending Nov. 10, 1888, and
jince August 1, for each of the last three years:

6ai

632
528

35

Buckwheat

6 32

5?0

auperdne..

Com meal

15

c.

Spring, per busli. . 1 05 91
.1 13
»1
Spring No. 2
Bed wiutetNo.2... 1 09 "aS 1
97 »1
Bed winter
105 31
White
Com— Weat'n mixed. 48 9

d.

6 36

flour,

Fine

00
Weatern, Ac
3 10» 3 25
00» 7 25
Brandywine
.
3 259
20® 3 75 Bucltwheat floiu*, per
100 lbs
S59 4 40
2 30® 2 50

c.

0pm

5S6 sse

.'iOa

lOa 3 65
759 3 00

Bye

OBAnr.

Wneat—

d.

Blgh Low. Oei

50 Southern bakera' and
family branda
$4

35
30

308 3 85

wbeat extras. 8 7.o3 4
Minn, clear and atra't. 4 So® 6
•Vlntershlpp'tfextras. 3 80* 4
W'lnterXXandXXX. 4 25 3 6
'<Drlng

Clot.

i.

i.

Tuea., Not. 13.

3278
35>8

;

(I.

Open Bigh how.

d

Wov.-Dec... 5

]>ec-Jan ..
Jan.-Feb. ..
Feb. -March
Uar.-April
April-May..
May-Jun«..
June-July..

Olo>

nioD., Not. 13.

a.

a.

Noyember

10.

3539

32

dull, though there is some export dem3nd.
buyers and sellers being apart nearly 5 cents a
Buckwheat is cheaper our inaide figure is for ar-

Steiiuier JSo.

highest, lowest and closing prices of futures st
Liverpool for each day are given below. Prices are on the
basis of Uplands, Low Middling clause, unless otherwise stated.
rA« price* are given in pence and 6itht thui; 5 63 mtmn
Ji 63 64d., and 6 01 means 6 l-64d.

3Hs

rival.

steady.

The opening,

Fri,

311a
3178
32^8
3538

dull,

.

Steady

Tliurt.

Rye remains
Barley

Pitentg

10.000
1,000

Mon.
31

Tuet.

30^8
3158
32=8

Sat.

November delivery
December delivery

I

Wednes.

Fri.

49^
4919
48^4

ulation

iae
»npertlne...

:

Saturday Monday. Tuaday.

Market,
12:30 P.M.

full supplies.

DATLT CLOSING PRICES OP SO. 2 MIXED CORN.
Sat.
Mon.
Tue*.
Wed.
Thurt^
December delivery
c. 5138
50
50ie
50>a
50
49ia
January delivery
o. 49''8
49
4914
4914
48=8
Maydellvery
0. 48%
48
4813
48's

The tone of the Liverpool market for spots and futures each
day of the week ending Nov. 16 and the daily closing prices
Spot.

decline.

"a

08

vlaLeithd.

Hamburjj, steam

wants.

some

>4

e.

The export demand was trifliny, and local
have last week supplied their immediate
To-day tbe speculation was dull and the close was at

thing to turn up.
millers seem to

as follows

..c.

Bremen, steam

Do

Tua.

Mon.

Batur.

Uverpool, steam d.
DovlaQl'sg'w.d.
e.
Havre, steam

[Vol. XLVII.

supply of grain, comprising the stocks in granary
aud seaboaid

visible

St the principal points of accumulation at lake
ports, and in transit by water, Nov. 10, 1888 :

in elore al -

New york
Do atloaC
'Albany
Buttalo
CJhioatto

MUwaukee
Dnluth
Toledo
Detroit

—

Oawogo

..

St. IvOUls

Do

afloat..

ClncinnatJ

Boaton
Toronto
MoEtrcal
Philadelphia
Peoria

IndlanapoUa

Kansas City

Wheat,

Com,

Oats,

Xye,

bush.

6t*«A.

Intsh.

btish.

9.491,729
894,005 1,959,186
40,3o0
165,600
1.500
41,600
60,600
3,657.333
335.695 187,117
4.424.519 3,081,859 2,947,473
64H.125
9,939
27,07
760,222
3,791
2,037,625
37,809 109,874
1,288.869
47,040
62,425
2^,000
75,000
155,368 854,579
4,144,009
23.000
84,000
12,000
25,000
5,901
146,277 392,062
34,614
263,169
22;918
19.436
581,110
97,002 223.565
140.283
26.645 546,610
414,242
2.540
90,702
9,396 345,001
347,199

13,442
6,0

O

25,000
145,668
720,119
187,281

Barley,
bush.
3 3,818

59,200
22,600
292,844
66,007
252,951

548
36,171
lsi,634

19',507

128,969

360,000
78,926

88,000

'29,060

1,172

9,266
232,314
8,604

93,806
5,474
11,344

39,077

3
NOVKMBBR

THE CHRONICLE.

17, 1888.)

Wheat,
buah.

Com,

l.SSO.DU

11,8-17

Oal;

608

BarUy

Ky«,

ued at |3,0'(0,on3, and 81,101 paoktffM, valiMd al 9M».m.
h.*»« Kone to South AmerVoi.
For thn aam* pwiod o( IMV
the exports to all ports wpre IM.QOS paokagtv. ralnad al
8t. J'aiil
115,000
of
whioh
10.097,898,
78.858 paokagm. valaa<1at $H.Vn,ni wMt
On MUxUBlppI
47.780
ft40
to China, and 85,986 packagps, valuwJ at $J..'i7tf,HW, to riotilh
On Lakog
357.700 1,014, IM2 211,803
37,000
America.
To
thnoorrrsponding time in IHHH the toUl abipOnoaual
river.
208,000 2,133,100 1 80,000
24,300 120,000
raents reached 180.513 packageii, and in 1H8.'» wor« lS8.8n
Tot. Nov. 10, '88. 34,340,010 9.2'>0.7r,a 8.4.tO,21>U \.f>r>a.0{)2 l.«2l,fl02
packages.
vtras continued irregularity In th« demand
There
Tot Nov. 3, '88. SS.GDA.lOO 10.773.007 8,594,1(81 l.S.'iO.OlO l,78t;.400
Tot. Nov. 12. '87. 3'.23S.887 e.!).'13,3rtl) O..'i30.000
275.810 3.215.560 for staple cotton goods at flrst hand*, and tb« jobbing Irad*
Tot-Nuv. 13, '80. 58,322..548 13.01)0.713 5.049.600 4-9.731 2.597.418 ruled quiet. Brown sheetings were In moderate requfat, and
Tot Nov.l4,'86». 47,067.012 4,1 10.070 3,533,487 605,098 2,031,314 there waa a steady movemnnt in cotton
flanneU and wiJa
* l/tuit WRf^k'g Bturk<
sheetings at Arm prices. Bleached shirtioga and cambrics
tlilx week's not rroelved.
MlUDeapolts and St Paul not Included.
were largely distributed by means of price oonceaaiom. lionadale and Fruit of the Loom shirtings were redooed Wc. per
yard, with large resultant sales, and Lonsdale oambrio* wen
Baltimore
Mlnnrnimlli

buMh.

bu9h.

100,111

3,U4fS.lHt

™„

12 J fa

ifc

:

t

THE DRY GOODS TRADE.
NBW

Oning

in

YOBX. Friday

marked down

good part to unseasonably mild weather

gectioDS of the country,

in

wide

demand

the

dry goods for consumption

I'^c. per yard.
Colored cottons ruled qaiat,
but prices are nominally unc^liangeil. Print clolha were in
good demand, and prices are Hrmly maintaine<l on the ba^
of 3 18-16C. for 64xfl4i and 3>^c. for .')6xt!0<«. Stocks last Saturday, and for the three previous yearn, were an follows

P. M., Nov. 10, 1888.

for seasonable sorts of
has not realized expectations during

most of

Provlileiu^e

JVod. 12.

195.0(10

Fall Klver umiiufBCturer*
Provtilunc'O speciilntora

whom

take a very hopeful view of the trade
outlook, but their operations in spot goods were comparatively
light, Fave in the case of certain makes of bleached cottons,
which were reduced to Qgures low enough to quicken thoir
distribution. In some descriptions of spring goods a very fair
kets,

Held by

1H97.

1888.
Snr. 10.

manurrem. 38,000

Sloek of Print Ololht—

the week under review.
There was a \ery considerable
influx of jobbers and department buyers from interior mar-

Outside speculators

(est)

Total (took (pieces)

1880.
Sot. 13.

22.000
None.
None.

29,000
44,000
00,000

43,000
111.000
42.000
20,000

60.000

328.000

210.000

1885.
Hot. 14.
2!<4,00O

216.000
330,000
75,000

775.000

Prints were mostly quiet in first hands, but a very fair business was done in sateens, KinKhams, seer«ucker<>, cham'irays,
white goods, &c., adaptml to the spring trade.

Domestic Woolen Goods.— The market for men's-wear
woolens ruled quii-t, transactions having been miinly restrictwere almost wholly for later delivery. Retailers were not ed to making deliveries of spring ca^simeres, worsted suitvery liberal buyers, owing to the backwardness of the demand ings, &c., on account of former orders. The late sharp
for consumption, resulting from unfavorable weather condi- advacce in wool has imparted a firmer undertone to the
market for manufactured goods, and stocks of hnavy clothing
tions, but their stocks are so well in hand as a rule that a fair
woolens are so emiill in flr't hands that holders rigidly adhere
supplementary demand in the early future is expected by to current quotations. Fancy cloaking'* were in moderate
request, tut staple makes ruled quiet, and stockinets and
jobbers. A feature of the week was a break in west-bounil
Jersey cloths were sluj^gish but firm. Satioet-i and doeskin
freights by the trunk lines of railroads, which will proba'ily
jeans were quiet in demand, but prices remain unchanged.
lead to increased shipments to the West and Southwest shortly,
Soft wool dress fabrics, also fine worsted dress goods, were in
though no very active movement in this connection has been moderate request, and there was only a limited bosiness in
thus far developed.
flannels and Mankets, owing to the mildness of the weather,
Domestic Cotton Goods.— The exrorts of cotton goods but prices remain steady.
from this port for the week ending Nov. 13 were 2,3«6 packFoKEia.v Dry Goods.— At flrst hands the demand for imaces, valued at |147,6S1. These shinments include 1,385 to ported goods was extremely light, ani the jobbing trade was
South America; 480 to the West Indies; 310 to Central strictly moderate, specialties in holiday goods alone having
America; 150 to Aden; 70 to Liverpool; 43 to Trfberia
shown a semblance of activity. The retail trade is still backMexico, and 85 to all other countries. Since the ward, and until stocks in the hands of retailers have been re13 to
1st of January the exports aggregate 126,573 packages, valued
duced to the replenishing point but little improvement in the
at|7,t}S8,319. Of this total China has had 40,769 packages, vaU
demand can be looked for by importers or jobber?.
bu(ine(s

was done by commission houses, but transactions

;

%U&ViXVLUCt,

The United
IN

States Life

Insurance Co.
THE CITY OF NEW YORK.
& 263 Broadway, New

OBO. H. EURFORO,

President.

jlteam0lti)y0.

THE

ON EY

&

Provident Life

Trust Co

Direct Line to France.

OF PIlILflDELPHIA.
Incorporated Third

M<i.. aid. 1S»8.

(CHABTEK PEUPETUAL
QENERAL TR.iNS.\TLANTIC CO.
CAPITAL,
91,000,000
ASSETS, ¥20,115,023 4».
Between NEW VORK and HAVRB.
)

(OBQANIZBODINIISSO.)

261, 262

IttstttEttce.

INSURES LIVES, GRANTS ANNUITIES. RE- Prom Pier (new) 48, North Rirer, foot of Morton St.
MONEY ON DEPOSIT, returnable on
York. CEIVES
demand, or on which Interest t8 alluwed, and in LA OASCOONE, SanteUI
Sat.. Not. 17. 4 AJf
fmpowered by law t.iactas EXi':<UT()Il, ADMIN. I,A BOUKGtKJNK. Fran<eul...8at.. Not.V4.«A.M.
ISlMtATOR. TKIJSTKK, (iL'AKDlAN, ASSKi.NKK, LACUAMl'AONE, Boyer
Sat.. Dec. 1,3 P.M.
OMMITTFIK. IlKCKlVKll, AG KM, etc.. for Ihe
Travelers by this line avoid both tranalt by
(

C, P.

Fbalxioh, Sec,

Wu.

T.

A.WaEXLWRii.BT,Aast.8«o.

STANDIH, Actnarj.

IMCHXASK IN ASSETS OVER
INCRKA8E IN NEW BUSINESS, - iNCRXAHiorBcrsiNESS IN FURCE,

-

8160,000
40 Per Cent.

-

8'.j,400,UOU

•

INCONTESTABLE,
CLAIMS PAID PBOMPTLY.
TEN DATS' ORACB.
ABSOLUTE SBCCBITT.

which ltd capital and
faltiiful performauco of
surplus fund furnish ample security.
All trust funds and Investments are kept separate
and apart from the assets of the company.
The Income of parties resldini; abroad carefully
collected and duly remitted.

SAML

T.

K.

SlIIPLBV,

WlSTAll BROWN.

ASA

!-.

Ih-esldent.

Vlce-l'resldent.

WI.N(i, Vlco-ITesldfnt

and Actuary.

<>OL10IBS

The moat liberal and equitable contraci
eonnlnient Willi rccoKiiized business principles.

GOOD AQBNTS, desiring to represent the
panr. sre Invited to address J, »,
SaperlDtendent of Asencies. at llome Office.

Com.

The
M.

Investors'
L.

Uepart.Cancernini Aflalr.ai Car»aratl.oe
BAILKOAOS B8PaCIAU.T.
Lus. Library Railroad DocnmenU,
Competent EzperU

C

GAPFNKY.

The Mutual Benefit
LIFE INfSURANCE CO., NEWARK,
AMZI DODD,

N. J.

m

2827.749 00
5.ea8,7«2 70

Surplus
Surplus (Former N.y.atandard)

POLICIES AUSOLUTKLY NON-PORPEITABLB ArTEU
SKCO.Vn VEAK.
In casi op lapse the Policy la roNTiKTTKn vs porci

Aft«r the second year pftlicieiiHre iNidNTKHTAttLK,
except an ajtalr.st Intentloral fraud; nntt all r«rr*c.
nccupation are rrmoMd.
Cahh lua.n'h are made to the extei of 50 per c«nt
of the renerve valtie, where valid aasii^niienta of the
policlett can be made aa collat«rAl Becnr.cy.
L088K8 paid imiuediAtelT apon oompletioo and approval of proofs.
iir

.

ticlteta at

much reduced

Staten

Island Securities

A SPECI.\IyTY.
One, ^Railroad and Electric :i.ighl Co.
c^locke.

ers al Its olHcu In .Sew York special llokeU from
iLavre to Paris. UaKKiiKc cbeclied through to Paris
without examination at 1 Invre. provided pa seenii en
have the same delivered at the Company's dock in

New

York, Pier t^. North River, foot of Morton SL,
two hours before the departure of a •taoaur.

at least

A.

FORCiET,
No.

STOCKS

3'

66 Broadnraf.

Room

8.

Augustus Floyd,
42 PINE 8TEEET,

UBOKIB

tW

INVESTIHENT SECURITIES.

Affeat,

Hoivlinc Green.

and

BONDS

At Auction.
SALES

of

RBOULAR AUCTION

of

all cl

STOCKS

A.\D

BONDS

DM

WEDNESDAYS AND SATURDAY?.

ADRIAN

GEO. B. RIPLET,

rate..

Special Train rt-om Harre to Paris.
The (^impaKulo (ionerale Tr&nsatiantlque deliv-

Uoienla ChanrM.

aa lonct oa tta value will ^txj Utr, or, if preferred, a
Paid-Dp policy for its full taIqo iHlSdUPd in exchantfettofu tu tn regidence, travel

Return

The undersigned hold

1688....$43.111.2:» 33
9W.aH3.484
Liabilities (4 per cent ReserTe)
1,

Dildential Reports.

i

Channel

Send for eimolar.

Preaidenl.

AssetsiMarket Values), Jan.

Agency.

8CUDDBR. JR., PROPUIBTOB,
240 LA 8ALLB ST., CHICAOO, ILL.

I

railway and the discomforta of oroaalns
in a small boat,
Pkick o» PAB8AOE (Inclading wine):—To Hail*
First cabin, 1100 and $8U: aeoond oabin, MO; ateerbeddiuK and uteoalla.
aite, t^o— IncludinK wine,
llsh

No. 1

II.

Mi; LEER

4c

SON,

PINE STREET. 2(£V TOKK.

MEKCHANTV NATIONAL BANK,
RICH.-nuND, VIRGINIA.
Coliectkios

mad* on

mut prompt returns.
JOSK r. QLUIM, Cosh.

all

Southern

'<oiats

tVLMO. H. MUIT.

oa »* I

Vl«»-Pns

THE CHRONICLE.

604

rVOL. XLVII.

'gvnst ^atapn,nUs.

^inattciaX.

Union Trust Company Holland Trust Company,
OF NEW YORK.
NO 7 WALL STREET, NEW YORK,

...
...

73 Broadway,

OAFITAL,

SVRPJLCJS,

cor.

Rector St, N.¥.
$], 000,000
3,000,000

Anthorlied to act as Executor, Administrator
Qnardian, Receiver, or Trustee, and Is

A LEGAL DKPOSITORT FOR MONEY.
Accepts the transfer agency and registry of stocks,
as Trustee of murtRages of corporations.
Allows Interest on deposits, which may be made
at anytime, and withdrawn on five days' notice,
with interest for the whole time they remain with
the company.
For the convenience of depositors this company
also opens current accounts subject. In accordance
with its rules, to check at sight, and allows interest
upon the resulting daily balances. Such checks pass
through the Clearing llouse.

and acts

TRUSTEES:
„
Wm. Whltewright,
James M. McLean,

Henry A. Kent,

Ambrose C. Ktngsland,!
James U. ogiivie,

B. T.Wilson,

Wm. F.

Russell,

8. T. Fairchlld,

Wood,
James N. Piatt,
D. C. Hays

C. ».

H. Frothlngham,
George A. Jarvis,

I.

c. Vanderbilt,
A. A. Low,
G. G. Williams,
R. G. Remsen,

Wm. Alex. Duer,
Charles H. Leiand.
Edward King,
B. B. Wesley,
D. H. McAlpin,
George B. Carhart,

Edward

Amasa

Schell,

J.

Samuel

Allows Interest on deposits. The longer the time
the liiKher the rate. Also Interest on balances of
active acconnta of merchants and others, subject to
check as In anjr bank tends money on promlssorjr
note without endorser, and accepts New York City
or Brooklyn appraised first mortgages with title
guaranteed as collateral security.
Acts as Executor, Trustee and Guardian, under
wills, for the fixed statutory charges; also as Registrar, Trustee, Transfer and Financial Agent for
States, Cities. Towns. Railroads, and other corporations, and for Real Estate Mortgages with Coupon
Bonds in New York, Brooklyn, and elsewhere.
Collect Rents, Coupons and Dividends.
;

TRUSTBB8.
Van Allen,
Warner Van Norden,
Hooper C. Van Vorst.
James B. Van Woert.
G. Van Nostrand,
John R. Planten,
Henry w. Boukstaver

Parker,

ROBERT B. ROOSEVELT. President.
JOHN D. VERMEULE. Vice-l^resident.

ChannceT M. Depew,
Geo. '. Magoun,
H. Van Rennsel'r Kennedy, W. Emlen Roosevelt.
"

EXECUTIVE COMMITTEE:
„
Wm. Whltewright,
G. G. Williams,

James McLean,

B. B. Wesley,
c. D. Wood,
A. C, Kingsland.
KING. President.
JAMES M. MCLEAN, First Vice-Pres't.
JAMES H.OGILVIB, Second Vice-Pres't
O. B0NALD80N, Secretary.
A. W. KELLEY, Assistant SecreUry.

EDWARD

.
A.

No. 10

CAPITAL,

WALL
,

.

NEW YORK,

Mo. 49 WALL STREET.
VAPITAL AND SURPLUS, Sr.UOO.OOO
This company

a legal depository for moneys
^fcicinto court, and la authorized to act as guardian
Is

iTtrastee.

INTEREST ALLOWED ON DEPOSITS,

Which may be made at any time and withdrawn
alter Hve days' notice, and will be entitled to inter•at for the whole time they may remain with the
Oompany.
Executors, administrators, or trustees of estates,

and females unaccustomed to the transaction of
paslness, us well as rellt'lous and benevolent Instltnti')n8, win find this company a convenient deposit.
ory for money.
JOHN A. STEWART, President,
GEORGE BLISS, Vice-President,
JAMES S. CLARK, Second VIce-Prett,

TR tJSTEE S

Wilson Q. Hunt.iH. E.Lawrence, iWm. Llbbey.
Clinton Gilbert, .KrHstus Corning, John C. Brown,
Daniel D. Ijord, |S. B. Chittenden, lEd ward Cooper,
Samuel Sloan,
Johnll.Rboades.l W.B'y'rdCuttlng
James Low,
Anson P. Stokes. Chas. S. Smith,

Wm.W.Phelps,

R<^bt.B.Minturn. Wm. Rockefeller,
D. Willis Jamp .[Geo. H. Warren, Alex. E. Orr,
John
,„„,.„,
J, „„^u.,
Astor,
iGeorge Bliss,
Wm.H.Macy.Jr.,
John A, Stewart,! Wm. D. Sloane. Charles E. Bill,
L. THORNELL, Secretary.
LOUIS G. HAMPTON, Assistant Secretary.

HENRY

ST.,

.

DIRECTORS:
F. O. French, N. Y.
R.J. Cross. N. Y.
H. L. Hlgginson, Boston.
Jr.,

liandolph, N, Y.
C. c Livermore, N. Y.
C. C. Baldwin, N. Y.
Chas. F. Tag. N. Y.
Henry Field. Chicago.

T

J. Coolidge, Jr., Bos.

N.Y. James O. Sheldon, N,Y.
A. S. Rosenbaum. K. Y.

Wm. Dowd, N, Y.
Sam'l R, Shipley, Phila,
R. T. Wilson, N. Y.
John 1. Waterbury, N. \

.

Francis

U. W. Cannon, N. Y.
John R. Ford.N. Y.

The Brooklyn Trust Co.
Cor. of

MONTAGnK &, CLINTON

ST8.,

BB'KLYW, N.T.

CAPITAL, (all In U.S. Bonds) . 81,000,000
^CRPI.rS ezceedlDR
1,000,000
INTBRKST ALLOWED ON DiCPOSITS.

...

This Company Is authorized by special charter to
act as Receiver, Trustee, Guardian, Executor or
Administrator.
It can act as agent in the sale or management of
real estate, collect Interest or dividends, receive
registry and transfer books, or make purchase and
sale of Government and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction of business, will
And this Company a safe and convenient depository
for

Capital, FulJy Paid,

.

« 1,000,000

THIS COMPANY TRANSACTS A GENERAL
LOAN, TRUST 4 FINANCIAL BUSINESS.
Receives money on Deposit, subject to check, and

allows Interest on balances.
All Checks pass through the Clearing House.
Makes Investments of Money, acts as Executor.
Almlnlslrator. Guardian, Trustee, etc.
Also, as Registrar and Transfer Agent.
An authorized Depository for Court and County
'j^^^-.j
Treasurers' Funds.
O. D.

BALDWIN,

President.
Vice-President.
Sec. A Treas.

GEO. A. EVANS,
J.

8.

THURSTON,

DlRBCTORB
John L. Macaulay.
Rowland N. Hazard,
George S. Hart,
Alexander G. Black,
Wallace C. Andrews,
John 1. Blair,
William P. Anderson,
Jules Aldlge,

John D. Kimmey,
John Ross,
Cnarlaj Parsons,

;

George A. Evans
Granville P. Hawes.

James 8. Thurston,
Benjamin K. Tracy.
John
Thus.

S. t^llver.
f. Goodrich,

Payson

Merrill,

John

Townsend,

Herman Clark,
Thomas C. Piatt,
P.

NEW YUKK.

CAPITAL,

«3,300.000

New York, May 14,

RIPLEY ROPKS. President.
En.Ml'ND W. CORLIE9. Vice-Pres.

CUBRAN, Secretary.
FRKDEKICK C. COLTON, Asst. Sec.
TRUSTEES.

Joslah O. Low,
Alex. M. White,
A. A. Low,
Alex. McCue,

B. V. Knowlton, C. D. Wood,
John T. Martin, Wm. H.Male,
Fred. Oomwell, Ripley Ropes.
John P. Rolfe,
Abram B. Baylls,
Mich'l Chauucey, E. W. Corlies,
H. W. Maxwell,
Wm.B. Keudall, H'y K. Sheldon, J. J. Pierrepunt.

DRAW ON

THENATIONAL PROVINCIAL BANK
OF ENGLAND (Limited,)
_„
THB UNION BANK OF~ LONDONI(L'<1),J^ London
HBINE & CO., Pari*.
JOHANN OOLL A 80BHNB,} ^'^^jj,""""'
1

(

BLBICHROBDBR, Berlin.
DBUT8CH8CHWEIZER18CHBCBBD-)a.

8.

i-i-ll
J8t. Uall.

IT BANK,

BLANKKNHORN,

F.

Bank

WM.

N, Y.

CORNWBLL. Cash'T.
Capltal....8300,000 Surplus
l|-.«30,000
This Bank has superior facilities for making Col
S.S.jKWITT.Pres't.

C.

I

lections In

and out of the

city

Designated

as a legal depository by order of
Receive deposits of money on

Bapreme Court.

Interest, act as llscal or transfer agent, or trustee
cor corporations, and accept and execute any legal
crusts from persons or corporations, on as favorable

erms as other similar companies.

THOMAS UILLEtOUSB. President,
jrHEDERIO D. TAPPlrfj, VIoe-PTOTldeut,

on the most

liberal

terms, and with careful attention to the best inter
ests or Its correspondents.
COHRESPONl>ENT8;— Importers' & Traders* National Bank and Chemical National Bank, New

York; Merchants' Loan & Trust
Union Bank of Loudon. London

J. 8.

Ai.mAicDiiR. Pres.

Co.,

Chicago

A. A. axkeandsr. Gatb'i

Texas National Bank,
8AN ANTONIO, TBXAS.
OOLLBCTIONB AND INVB8TUBNTS MAOB
Correspondenoe Invited.

THOMAS BRANCH

&. CO.,
BANKERS AND COMMISSION MERCHANTS,

RICHMOND, VIRGINIA.

Circulars and Information on funding the debts of
Virginia and North Carolina free of cost; one-eighth
per cent charged for funding. Southern"Rallroad
and State and City Bonds bought and sola.

American Association
OF

PUBLIC ACCOUNTANTS,
Incorporated August tlO, 18S7, Cnder the
Lawsland Statntee o< the State ot

New York.
The business and objects of this Society are to
associate Into a Society or Guild, the best and
most capable PUBLIC AccotTNTANTS practicing
the Cnited States, and through such Associatioii
elevate the profession of Public Accountants, as a
whole, and demonstrate their usefulness by compel
ling an examination as to tltness, and the observance of strict rules of conduct as a condition of

FIDELITY A CASIIAL.TV
NEW

OF

CO.

YORK,

Noa. *Z14 4b t216 Broadway.
CAPITAL, ta50,000.
ASSETS, $73«,0«2 86
Issues SURETY BONDS, guaranteeing the fidelity of persons In posttious of trust, such as employes of Itailroads, Banks, etc.; also Administrators, Guardians, etc.
Issues ACCIDENT POLICIES, containing all

modern

features.

Also PLATE GLASS and BOILER POLICIES of
approved forms.
Agents win appreciate the advantage of dealing
with a company which does more than one Hue or
business.

OFFICERS:

WM.M.BlcHARDB.Prest. OKO.F.8KWAKD,V-Prest
BOBT. J. Hu.LAS, Sec.

DIRECTORS:

Geo. B. Coe,
A B. Hall.
J. G. McCullough,
J.S.T.Stranahan H.A.Hurlbut, T.S.Moore,
JRogersMaxwell,
o-S-Sm.'i.
•'T-'i;^'^'''?,"^®'
John L. RIker,
Q.
G. Williams.

Wm

Geo.P.Seward
M.Blch arda.

OFFICERS:

President— JAMES YALDEN, New York.
Vlce-Prea.— JOHN HEINS, Philadelphia.
tJec.-JAMBS T. AN VON. New York.

Treas.-WM. H. VBYSKY, New
COUNCIL,.

Investment

T. Anyon, N. Y.
Mark C. Mlrlck, N. Y.
Louis M. Bergtheil, N.Y. Rodney Mcl^aughlin, Boat.
William Calhoun, N.Y.
C. H. W. Sibley, N.Y.
George H. Church, N.Y. William H. Veysey. N.Y.
John Heins.Philadelphla. Walter U. P. Veysey N.Y.
James Yalden, N.Y.

•.FBLLOWS ue -IHE ASSOOIATIOtt.
James T. Anyon, Louis M. Bergtheil, Thonuu
Bagot, James Cox, William Calhoun, George H,
Church, C.W. Hasklns, R. F. Munro, Mark C. Mlrlck,
C. H. W. Sibley, Henry M. Tate. William U. Veysey,
Walter H. P. Veysey, James Yalden, New York
Richard F.Stevens, Jersey City, N.J.; Horace D
Bradbury, Rodney McLaughlin, Henry A. Piper,
Boston. Mass.; John VV. Francis. John Heins, Henry
Kelly, Philadelphia, Pa.; Eric M. Noble, Washing!
ton, D. C.
OIBcea ol ihe Association, No.

& Montauk

60-year

new 6s.

First-class Water Company 1st mortgage es.
First Mortgage Railroad Bonds, 6s, to pay Investor
from 49i to 0^ per cent,

WANVEU:

Coluoibns

Ohio

A Toledo

& West

ist "s.
Virginia Ist Ts.

HACHFIKLD,
an Fine Street, New Y.rk,

A. £.

\'ili

Broad-

New York

City

Bonds.

FOR SALE:
Brooklyn

York.

James

way, Itoom 31 (Oth Floor),

37 Wall Street, New York.
PAin-ITP CAFITAI., . . 91,000,000

Cantaler.

of Buffalo,

BUFFALO,

membership.

THB

O. D. Baldwin.

Metropolitan Trust Co.,

18S7.

This Bank Is now opened for baslness. Accounts
respeotfnlly solicited. The Qsaal banking faolUtles
extended to cnstomera.
Orders for purchase or sale of seonriUea will
receive careful attention.
Foreign Exchange bought and sold. Facilities for
keeping aoconnts In Sterling Exchange, subject to
draft In kind, will be afforded. The methods of receiving such deposits and making payment against
them will be subject to arrangement.

money.
JAS. ROSS

American Loan & Trust Co.,
113 BROADWAY, NEW YORK;

OF THB

CITY OF

Ormond French, President.
John 1. Waterbury, Vice-President.

Authorized to accept and »xecuU Trusts of even, de
Kription.
Trustee for investment and management of real and
personal estate.
Deposita at interest subject to check through the dea* «
ina House,
Ite^istrar and Tran»fe>r Agent.

Caaliler

Shith,
Assistant Cashier

The Western National Bank

Co.

91,000,000

.

_
H. A.

Vlco-Prea't.

NEW YORK.

.

F. BiujrKINHORir,

^

SICLEN, Secretary.

Manhat tan Trust

ED.

OF

VAN

GEO. W.

August Belmont,

United States Trust Co.

W. Vanderhors't Kuyt.
Henry W. O. Ed ye.
J.

Robert B. Roosevelt,
George M. Van Hoesen, Jotham Goodnow,
William Dowd.
George F. Hodgman,
Peter Wyckoff.
William Remsen,

F. Barger.

Geo. C. Magoun,
D. C. Hays,

John D. Vermeule.
John Van Voorbis,
W. W. Van Voorhls,
George W. Van Siclen,
James Roosevelt,
Augustus Van Wyck,

Garrett A.

CONKAD N. JOKDAN
President.
CHAKLXg J. CANDA,

WILLIAM FRANKLIN HALL,
244 Wasbln^tou

St.,

Boston,

ACCOUNTANT.
Books and accounts audited and adjusted.
BettlBinent of iniolyent estates on
eredltort oftrefally arranged.

NOTARY PUBLlCf

behalf ol