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HUNT'S
MERCHANTS’
%
y
MAGAZINE,
Uruisqiapn,
representing the industrial and commercial interests op the united states.
VOL. 45
SATURDAY, NOVEMBER 19, 1887.
CONTENTS.
Week Ending Nov. 12.
1887.
THE CHRONICLE.
655
The Situation in
Tit* Financial Situation
656
The Surplus and. Refunding:... 65J
The Work of the Inter-State
and
Monetary
English News
Clearing House Returns
Commerce Commission
The Situation as Respects
road Net Earnings
660
Europe
662
Commercial
663
Commercial and Miscellaneous
News
664
Rail¬
shares.)
bales.)
busltels.)
bbls.)
(Cotton
(drain
(Petroleum
661
6 10
European Subscription (including postage)
Annual subscription in London (including postage)
do
SixMos.
.do
11 28
£1 7s.
do
Subscript ions will he continued until
Total New
$10 20
definitely ordered
£1
8s.
ntopped.
The
publishers cannot be responsible for remittances unless made by drafts
-40
(1,410.830)
(1.939,501)
(-2IV8)
(1,520,524)
(—5*8)
(+59-0)
(1,11)5,900)
(32,4*19.930)
(10,976,U0O)
Post Olliee Money Orders.
These prices include the Investors’ Supplement, of 120 pages
issued once in two months, ami furnished without extra charge to
subsciibers of the Chronicle.
A tile cover is furnished at 50 cents; postage on the same is 13
cents. Vo umes bound for subscribers at $1 00.
or
London
Agents:
Messrs Edwards <fc Smith, 1 Drapers’ Gardens, E. O., who will take
subscriptions and advertisements and supply single copies of the paper
England...
99,928,402
+4 8
J-2-9
Minneapolis
Denver
St. Paul
Grand Rapids
DANA.^1^1!.!.!5’
D VV V
_C<.V»_**»h 1 * *1*e r * 5
) WIVEI ^I,?„\®^A*T?AVp^UsA,e
I
102 William Street, NEW lOICIv.
CLEARING
POST OFFICE BOX 958.
HOUSE
Although the aggregate of clearings for the week under
review records'a decline from the total for the previous week
of
one
hundred and thirty-one millions of dollars, the exhibit
is
quite satisfactory, as the falling off is pretty full}' accounted
forty the loss of one day’s exchanges at New York and other
leading cities in consequence of the election holiday. Slock
speculation at New York showed no particular change in
volume during the period which our statement covers, but
transactions in grain and cotton were considerably stitimulated by the reduced crop estimates issued
by the Department
of Agriculture on the 10th inst.
During the period of last year with which comparison is
now
made, the figures in all cases included a full week,
whereas the election holiday this year is responsible for the
loss of over one hundred millions of
clearings. Taking into
consideration this fact, the current aggregate for the whole
country would show an increase instead of a decrease ; the
favorable character of the present exhibit is therefore appar¬
ent.
Dealing with the figures
as
they stand, however,
we
find
that the decline at New York of 14"5
per cent is in large part
due to the smaller volume of stock transactions this
and
that the losses recorded at New
Haven, Baltimore, Cincinnati
nndSt. Joseph are quite
unimportant. Wichita leads in per¬
centage of gain over last year with 84T per cent, and is folowed by
Indianapolis, GST New Orleans, 3G-G ; Worcester
318 and Peoria 30
per cent.
■A-t the New \ork Stock
Exchange the share sales for the
^eek cover a market value of $73,404,000, against $103,254,000
J^the same week of last year. After deducting from the clear-
Total Western
+ lo-i
•t
99
+3-2
+ 17-4
-4-3"3
112,284,258
-4 58
+8'0
121
09,057,362
1*1,827,791
12,898,057
425-1
—1F5
83,133,016
80,234,828
T 24
92,783,210
+6-4
00,510,298
10,212,200
5,00+685
54,811,530
10,282,1*10
4,333,677
+ 10-4
4,: 83,59i
8,043.538
1.547,726
2,34 1,141
1,919,362
925.510
04.517.532
11,089.000
5,451,982
4,589.018
—
—07
-4-14-3
n-02-1
-4-10-3
-4-21-0
-430-0
-t25-7
2,479,922
4,867.383
1,906,057
4,323,055
575,997
387,354
+12-0
—2-2
+21-0
-424-0
+112-3
2,005,873
+ 7-2
+ 37-0
-4 20-7
+ 53-L
3,2*<>,OH!
2,013.935
1,363,202
3,292,614
0 7
5,79+31*
14" 1
+ 156
4-5-4
+ 10 3
+84-1
2,631,198
+451
-t
+ 5-2
4,032,247
630,997
726,616
3.864,331
1
4 21-1
401-1
2'1,907
106,199,766
94,9^8,708
+11-8
113,285,917
+14-8
17,073,431
1,135,694
13,430,090
10,697,140
+5-8
-5*2
+3ti *»
17,879,391
1,340.294
11,877,161
4-13*3
+40*3
+30*0
+17-0
0.482,761
-4-15-8
+ 13 6
8,073,686j
3.245,0991
2.232,456)
Memphis
3.072,402,
Galveston
Norfolk
2,061,s80.
1,197,635
9.830,117
4.097.859
0,739,399
Jw, i04,o45
1,77 7.733
1,445,+'3
1,307,794
+ :60
+10 5
52,118,031;
41,952,513
-4-15 »
52,377,999
423-3
15,405,0041
13,160,78?
-4 17-5|
16,655,230!
+28-2
5,494,7181
7,804,073
Total Southern
San Francisco
l
Total all
Outside New York
*
1,247,151|
962,026,905 1,038,993,038
—74! 1.093,667,453!
360,330,553!
-4-7'H
334,420,353
387,380,014;
4 8*8
+36*5
+30*1
4-45*3
+9*>
+10
+11-
Not included in totals.
Our usual
telegraphic returns of exchanges for the five days
and they record a heavy gain-over the five
days of the previous week. In comparison with the similar
period of last year, the aggregate for the seven cities exhibits
an increase of 2*9 per cent.
The estimate for the full week
ended Nov. 19, based on these telegraphic figures, points to an
excess over the week of 188G of about 5*2 per cent.
Messrs.
have been received
,
| R. G. Dun & Co. report the number of failures for the week
| ended to-night as 224 (205 in the United States and 19 in
| Canada), against 217 last week and 212 for the same week of
last year.
Returns
by Tdeyravk.
Week Ending Nov. 19.
1387.
year,
^gs at New York two-and-a-half times
these values, there
remains $418,730,352 in 1887 and
$446,437,285 in 18SG, ascribto other
business, or a decrease of 6*2 per cent,
645,289
2,M*5.477
285,817
St. Louis
St. Joseph
New Orleans
Louisville
Kansas City
RETURNS.
-4-20-3
0’4
-7-2
-4-2 9
+2* i'3
672,904
714/ 95
at Is. each.
WILLIAM
william n. ..ana
imiv G.
r
pmvh
5
FOUN
John
11.01
D.
594,353
912.90
-r
—5-L
58,031,587
8.624,5-0
12/J?siG6i
3,138,111
2,358/ 06
1,202,9 ID
3,117,371
5,3:--7,8 7 5
2,270,255
4,559.147
Peoria
Omaha
-4-0-4
•4-3L8
-4-50
—2 8
1,207,091
1,109,170
854,020
101,089,517
2,50S,3o7
Columbus
*
5,140,500
1,075,971
1,1'"6,887
1,399,131
1,051,695
1,256,080
’093,409
60,34 1,366
10,374,34 7
11,414,303
-
..
1
(+0-4)
104,170,431
Total Middle
..
-46-3
+3 0
5,239,300
Baltimore
Indianapolis
(r37 0)
89,479,208
Pittsburg
Cleveland
(474,1*1*1)
(25,807,152)
(25,IU5,UU0)
5,19 M>00
1,?42.0'4
1,173.0 ;y
1,113,484
1,125,227
Fhtludelnhia
Chicago
(507,900) (-ri3j-5)
(25,700,000) (-f2(V3)
(38,115,c0o) (—555)
92,146,091
904.416
714,859
Cincinnati
Milwaukee
Detroit
$
700,280,839
Lowell
For One Year (including postage)
"
For Six Mentha
do.
P. Cent.
1887.
-11 5
Sonny tie Id
:
P. Cent.
*
704,572,2S5
Boston
Subscription—Payable in Advance
Week E11 d’g Nov. 5.
002,240,352
Hartford
New Haven
Portland
Worcester
%\xc Clxrouiclc.
1880.
*
New York
Sales of—
(Stocks
Pr ivirienee
Terms of
NO. 1,169.
New York
*
033,362,943
Sales of Stock (shares)....
Boston
(2,099,927)
Philadelphia
Chicago
59,311,171
11,401,592
59,779,000
St. Louis
14,494,270
New Orleans
12,807,076
Baltimore
82,408.668
Total, 5 days
873,565,320
Estimated 1 day
175,000,000
Total full week
Balance Country*
Total week, all
*
1886.
Week
P. Cent.
849,213,720
152,348,032
1887.
P. Cent.
S
*
037,940,533
(2,064,067)
75,028,824
56,682,351
11,0*34,057
44,998,000
13,438,153
9,455,158
End'g Nov. 12.
-0 7
(4-L7)
+9 8
480,035,274
(1,0j 8,058)
421-9
77,092,0^0
48,459.452
9,391,773
50,240,000
14,457,831
11,099,703
+29
+14-2
092,770,718
102,347,462
+ 40
-2 3
+329
+7 9
-17-4
(-38-4)
+ 55
—0-6
—125
48-0
-0-7
+32-2
-11*8
437
+4-7
869,124,180
-9-3
97,119,118
+10-3
104,287,024
+13-5
1,155,707,507 1,098.681.070
45 2
903,411,804
-7 3
1,048,566,320 1,001,561,958
107,142,187
I'or the lull week, based oa last week’s returns.
656
THE
CHRONICLE.
[Vol. XLV,
cotton
export movement has continued free, and the
amount going out represents a very
large amount in bills
The money market has shown a tendency to a little
during
the
past
week,
but
they have had no effect on
easier condition, notwithstanding the increased volume of
rates, which have continued, as already stated, without^
business and higher prices at the Stock Exchange.
As a
THE FINANCIAL SITUATION.
consequence also
their customers
the range of discounts
little
.
change, though yesterday afternoon there
by the banks for
with the tone
broader
was more
doing
strong.
field, that is a
Mr. Switz'er of the Bureau of Statistics has issued
this
lower cast of security may be put through at the
week his report of the exports in October of
breadstufis,
legal rate for money. The range on call, as represented
provisions, cotton and petroleum. The result is very
by bankers’ balances, has been 6 and 3£ per cent, with
satisfactory in amount, but its details are not quite so
the average about 4£, at which renewals have been made.
assuring.
Taking all the articles together there is a total
At bank call money has ruled at 5 per cent.
Te loans increase in values of
$6,139,802; but analyzing the items,
on first class collateral
running from 60 days to 4 months we find that there is an increase in cotton
alone of
are quoted as bid,
4£ per cent, but so far as we can learn
$8,579,275. and hence the net result in the movement of
there have been
covers
a
transactions below 5 per
cent, at which
figure renewals of old loans have been recorded. This busi¬
no
heretofore, has been done principally by out-of-town
institutions, with here and there a contract by our city banks
and trust companies.
The little doing here in such loans
reflects the prevailing impression that in turning the
new year there will be no excess of funds at this centre.
The outflow to the interior seems to be so uninterrupted,
with no indication of its subsidence, that the opinion ap¬
pears to have a substantial basis, unless the Government
should get out some of its old accumulations, which we
should not suppose probable.
The current surplus con¬
tinues to be put into depositary banks.
Of late banks
have been accepted in other cities, so that the money is
being well distributed, in the main we presume remain¬
ing near the locality where collected.
The cable reports discounts of 60 day to 3 months’
bank bills in London at 2J- to 3 per cent; until
yesterday there was an easy tendency, in part the
consequence of considerable arrivals of gold from South
America—as our special cable indicates this week and
has indicated previous weeks—and the anticipation of
further contributions from that source, being
simply the
return of gold sent out early in the season.
This addi¬
tion and the stoppage of the drain to the United States
with the near approach of the season when the conditions of
our foreign exchange
market will be reversed, are sufficient
to account for the tendency referred to.
At Paris the
open market rate is
per cent, the same as last week,
While at Berlin the rate has advanced also to 2J per cent.
all the other articles
million dollars.
ness, as
Political affairs
are
in
a
somewhat disturbed condition
both at Berlin and
Paris, growing out of the health of
one case, and
in the other the
disclosures respecting M. Wilson and the possible
resigna¬
tion of President Grevy.
The Bank of England reports
a decrease of £54,000 bullion
during the week, made up,
as we are informed
by a private cable to us, by the receipt
of £90,00 0 from South America and the
export of £50,000 to Lisbon and the shipment to the interior of Great
Britain of £94,000.
The Bank of Prance is reported to
have lost £264,000.
Our foreign exchange market has bean almost without
the Crown Prince in the
feature.
better
Easier
rates
for discounts in
London caused
a
was a
loss
When
we
the
on
month
remember
of
nearly
that up to
last
night (Friday) the cotton exports were, according to our
report on a subsequent page, 431,910 bales more than up
to the same date last year and
that the Agricultural
Bureau has estimated the cotton crop over 200,000 bales
less than last year’s crop, we find—if we are to believe the
official estimate, and other things remain
unchanged from a
year ago—that we are drawing on future months fora
material part of our present balance.
Mr. Ssvitzler's
figures, arranged in our usual form, are as follows.
EXPORTS OF BRKA.DSTUFFS, PROVISIONS, COTTON AND PETROLEUM.
1887.
Exports
from LJ. S.
October.
1886.
4 Months.
1885.
4 Months.
October.
October.
4 Honthi.
Quantities.
3.402.049
1,008,784
36,591,819
3,957,739
6,941.370
Flour. ..bbls.
Wheat, bu.
7,942,177
2,189,695
54.401,644
7,725,409
11,004.896
Corn...bush.
3,292,562
52,009,928
10,723,756
4,413,954
25,840,550
15,352,993
10,4:31,872 62,127,053
41,202,833
Wheat.bush.
Tot. bush..
35,402.804
3,030,472
3,878.016
807.61-
7,512,875
14,357,458
02,733,684
11,926,829
$
49,603,216
4,040,115
4,424
94,875
84,177
$
9,710,257
1
1
260,331
410,088
11,016,804
52,016.267
Petrol’m,&c.
53.826,807
7,067,291 31.671,834
36.971,448 59,385,282
4,190,484 16,433,200
Tot. value.
56,822,235 161,317,143
Values.
$
Wh’t & flour
7,239,003
1,308,607
Corn & meal.
Rye
445
Oats & meal.
Barley
Provisions
29,199
„
Br’dstuffs..
..
Cotton
*
916,339
15,758
.
8.593.012
•
14,250,666
2,577,588
1
1,578,027
40,571,439
5,340,507
2
23,337
700
80,187
270,780
496,385
7,375,434
2,339,1:13
20,033
25,309,458
8,531,600
88,307
1,590,180
62,214
0,752,043
29.104,791
28,392,173
45,040,681
3,891,411
10,737,502
10,232,285 35,671,759
0.8 )6 3-6 29,547,048
30,374, :24 43,270,279
4,491,054 •19,147,730
50.682,433 144.099.301
51,9 '4.1 >49 127,645,819
We presume that
its October figures
the Bureau of Statistics will not have
ready for the entire trade of the
country until another week.
But one caa approxi¬
mately estimate the result which will be reached. Tq6
total imports, we should say, would be some vhere about
$58,000,000, against $54,805,262 last October, and the
exports about $75,500,000, against $69,633,040, making
the balance on the merchandise movement
probably about
$17,000,000.
If we aUow the ordinary 10 millions
for undervaluations, freights, interest, etc., it will be seen
that, without counting gold and silver, the month’s move¬
ment netted only $7,000,000 in our favor.
Tne next
three months, ending with the first of
February, ought to
foot up considerably better, and will unless our imports
show large totals.
Our Chamber of Commerce has this week celebrated
its
inquiry for long sterling and a lighter demand for 119th annual dinner by entertaining Mr. Chamberlain and
short, but there was no change in the nominal rates and the other foreign members of the Fisheries Commission.
only a fractional alteration in those for actual business. It seems to have been a very enjoyable affair, and the
Although arbitrage operations have been reported large impression Mr. Chamberlain left was exceedingly agree¬
during the week they have had no observable effect able. Speeches were also made by Mr. Smith, President
upon
A small lot of $16,000 gold of the Chamber, and by Mayor Hewitt, President Depew,
exchange.
came
in from the
Continent on Monday and it Secretary Lamar and Mr.
George William Curtis. With
was
reported on that
day that $400,000 had such material for an after dinner diversion it is no wonder
been shipped from Havre, but if this report was true, that that
part of the feast was entertaining and lively.
the movement could
hardly have been an exchange opera¬ Our Eaglish guests at least cannot fail now to
tion, for bills could have been sold at prices netting to the understand
that
we
en;joy the blessing of *
shipper a less cost than thecoBt of importing gold. The very great country and that the amount of
November
the
large as
inch here is also fully
We were sorry to have Mr.
our currency so unexceptionably good,
been
he quite meant all that his words
expressed. Everyone will agree with his remark that “ a
sound currency is a first necessity of a commercial people;”
but very few who have thought upon the subject much
would accept his addition that “ ours is sound beyond
question or dispute.” We are inclined to estimate our
currency in its entirety as about as unscientific and dis¬
turbing a device for effecting exchanges as a nation could
simply be¬
well adopt. Tne country prospers in spite of it,
cause it has so much more than older countries
to waste.
Evidently our remarks of last week with regard to the
Agricultural Bureau’s estimate of the yield of cotton
But
marketed.
have
we
not space for
further
details.
Pepew pronounce
and we cannot think
misunderstood in some measure. Many appear
to have drawn the conclusion that we intended to prepare a
detailed estimate of the crop. That was precisely wha^
we meant to be understood as not intending to do.
Our
career in that field was a brief and brilliant one—all glory
up to the closing year, but ending then in an unfortunate
The very reputation
failure.
we had gained -by
our successes,
made our mistake work the greater
harm.
Experience is a teacher we never tempt
twice by the same venture.
It is our custom, however»
every season about the first of November to send out spe*
cial inquiries throughout the South, not so much with the
expectation of acquiring an exact idea of the extent of the
yield, as to get suffieient information to guide us in j udgingof the accuracy of official reports. With that purpose
we sent out inquiries this year, and had begun to receive
our replies when the Agricultural Report was made
pub¬
lic. Since we wrote last week we have received very
many other answers, until now we have returns from al]
have been
657
THE CHRONICLE
square
in Great Britain.
politics to
as
19, 1887.]
trade situa¬
tion during the week, but so far as there has been any it
has been in the direction of improvement.
The con¬
tinued favorable returns of earnings, and also the reports
of bank cleariDgs, make it evident that a large volume of
business is in progress, whatever may be said of the margin
of profit. The relaxation of the money market and the revi¬
val of speculation on our Stock Exchange are also features
which naturally develop confidence in mercantile circles. It
is the iron trade just now which is watched with closest
interest and it is pleasing to note that a measurably better
feeling pervades that trade. Tnough the production of
iron is extraordinarily heavy, current consumption is on a
Urge scale. The weak point in the situation hitherto has
been that buyers were not contracting to supply future
wants and
that consequently manufacturers were left
There has been no
material change in the
ahead. Tnis policy
is assumed to be the
outgrowth of a belief that
with the falling off in railroad building next year,
and the consequent diminution in demand from that
source,
and
with production unchecked,
buyers
rather than sellers would be able to fix term?, and that
therefore it was better to hold off for lower prices. Recent
developments however show that producers, if they can
help it, do not intend that this expectation shall be real¬
ized.
They are evidently engaged in efforts at self¬
protection, and to that end forming new combinations or
invoking the active aid of old ones. At a meeting
of the
steel rail makers at Philadelphia this week
a
determination was
manifested to resist a further
reduction
in
price And to restrict the output
if that
should become necessary.
Also in this
city on Tuursday and Friday of last week a meeting of
sections of the cotton States.
what is called the Merchant Steel Association of the
Of one fact we feel perfectly well assured, and that is
United States was held, at which "a revised schedule of
that the present crop will be in excess of the last one.
prices” was adopted. It is stated that the Association
Furthermore we cannot understand where the Agricul¬
is intended
to include all the-, crucible and open-hearth
tural Bureau got the facts to base its report upon. It was
makers of merchant steel, and that 90 per cent of the
only because its error was so extreme and, if believed, so
manufacturers have joined it.
Not alone that, but on
very disturbing, that we felt called upon to take decided ex¬
Tuesday a meeting of the “ Bessemer Merchant Steel
ception to it. Speaking of our returns generally, we would
Association” was held at Fittsburg, and this organization
say that all States appear to be more or less spotted; if that
when completed will work in harmony with the other.
were not so the crop would have been a very large
one in¬
Taken together, the Atlantic States p romise very Finally we learn from the Iron Age that the “combination
deed.
well—South Carolina stands first,Georgia second and N ortn ^among the German Rod makers which has been talked
“of for some time past has been effected.” All these
Carolina third, although the last two named report good
lauds where a less yield has been secured.
Of South efforts to control prices and production may prove unavail¬
Carolina the estimates of increase received are very high ? ing, but coming at a time when greater confidence is
almost without exception.
Over a large portion of felt, the effect may be material. At all events, as noted
above, a firmer tone prevails for the time being.
Georgia, where excelleat results are beiag obtaiaei, they
Ia the anthracite coal trade, the situation grows more
without orders
running any great way
.
“
developed since the 10th
and that in those sections picking will not be
finished before Cnristmas.
Another district which has
been particularly favored is Jhe Mississippi Valley.
A
correspondent who passed over the entire distance,
from Memphis to Vicksburg and below a few days pre¬
viously, writes that the best crop raised for years will be
gathered in that territory, and the belief is that the farm¬
ers will not be able to pick it all, although it has been the
most wonderful season for saving the crop they have had
for many a year.
An incident illustrating the occupa tion of that whole community in the fields to the exclusion
of all other work, is given by one parson who states that
on November 13 there were 13,000 bales in the compress
at Greenville, Mississippi, detained there because the labor
could not be spared to prepare it for market.
Along that
valley they estimate that only 40 per cent of the crop has
claim that
a
gool top crop has
of September,
and
more
favorable to the
railroads, and prices continue
We cannot see that this results from anything
the part of consumers, caused by the strike
of the miners in the Lehigh region, and which prompts
dealers to pay any price for coal for immediate deliv¬
ery.
It is a somewhat curious fact at this juncture
that
while only the Central of New Jersey and
the Lehigh Valley are affected by the strike, and thus of
upward.
but
a scare on
course
show a large
falling-off in production,
the Read¬
Pennsylvania Railroad and the Erie, according to
H. Jones’ figures for October, also have dimin¬
ished their output as compared with last year.
Of
the three remaining producers the Lackawanna is the
ing the
Mr. John
decidedly, namely
Coal Com¬
and on the Delaware &
only one that has enlarged its output
149,019 tons, the increase on the Pennsylvania
pany
being only 11,427 tons,
THE
658
CHRONICLE.
£Vol. XLV#
The stock market this week has shown greatly increased
Total production for the month
was 326,879 tons below la9t year, and
Prices
as a consequence strength, and at times a positively buoyant tone.
have
advanced
all
around.
have
been
no
There
new
stocks at tidewater points were further reduced, and now
develop,
ments
of
stand at the low figure of 158,976 tons.
consequence, but a great revolution of sen.
Strange as it
timent.
The
favorable factors in the situation, with the
may seem, however, in the face of the talk about the
extraordinary demand for coal, consumption in October exception of the easier condition of money, were no mo-e
this year was smaller than in October last year, when it prominent or pronounced than during previous weeks,
had been smaller than the year before.
Here are the but for the time being only these are regarded
The coal properties were of course leaders in the
figures to prove the assertion.
rise,
but the trunk line shares, the grangers, Western Union
Hudson 19,582 tons.
Jan. 1 to Oct. 31.
October.
and Missouri Pacific
Anthracite Coal.
Stock
beginning
of period
Production
Tbtul supply
.
St’k end of period
Consumption
.
1887.
1880.
Tons.
Tons.
1885.
1887.
1888.
1885.
Tons.
Tons.
Tons.
Tons.
394,748
51^,306
3,185,298
3,512,177
874,681
815,907
372,282
754,545
8,562,166 28,186,749 20,047,375 25,347,538
3,580,046
4.030.483
4,378,073 28,559,031 26,801,920; 26,222,269
158.976
440,962
601,610;
3.4-41,070
3,589,521
3,716,457'
Thus while for the ten
months
158,970
440,9021
001,610
advanced.
were
til taken in hand and
sharply
The fancies and
specialties likewise have had
movement, and some of them have attracted a
good deal of attention.
Transactions have been on a
large scale and the tendency almost steadily upwards,
active
an
such
28,400,055 20,360.958 25,500,053
reactions
have
as
from
time
time
to
occurred
of
the
year
the
con¬
sumption was 2,039,097 tons in excess of 1886, and
2,839,402 in excess of 1885, for October it was 168,451
tons below last year and 295,387 tons below two years ago.
The report of the Eist Tennessee Virginia & Georgia
for the year ended June 30, 1887, and which we publish
on another jage, is interesting chiefly-as
showing the re¬
sults of the first year's operations of the reorganized
company.
The property appeals to be doing quite well.
Its gross earnings (not including the Knoxville & Ohio)
in the late year were $4,368,180, against $3,778,291 the
year before and $3,693,857 in 1884-5, and the net
reached
$1,466,952, against
$1,373,978
and $1,..
189,6S7.
The
improvement in ® the
would
net
more
have
been
decided
except that $212,621
of extraordinary expenses for maintenance of way and
equipment were charged to operating account. But the
main feature of interest is to note the relation of charges
to income, as it is known of course that charges were
reduced as the result of the reorganization.
There is no
income account in the report, but a statement is given
showing annual interest on the debt outstanding June 30
to be $1,027,360. Net earnings were, as stated, $1,466,952,
from which, however, must be deducted $112,4 63 for
taxes, leaving the actual net $l,35d,4S9.
Hence if there
was no other charge against income the late year’s opera¬
tions left an excess of $327,129; any outside income tha*
may have been received would of course increase th;s
hardly meriting notice. Commisdon houses
outside buying, but on the other hand
good portion of the short interest has now doubtless
report
a
some
been
eliminated, two failures of houses on that side
of the market having occurred—one in New York
and another in Philadelphia.
Railroad earnings con.
tinue very good.
There has been considerable -talk
about advances and reductions in rates
in the Northwest?
but about the
only certain thing is that soxe of the roads
agreed to restore rates on soft coal.
The following statement, made up from returns collected
by us, shows the week’s receipts and shipments of currency
and gold by the New York banks.
Week ending November
18,1887.
Received by
Shipped by
X. Y. Banks. N. Y.
*1,005,000
Cnrrfiney
Cold
Total gold and legal tenders....
*1,005,000
J
Banks.j
Net Interior
Movement.
*1,720.000
590,000
Loss..
*601,000
Loss..
590,000
$2,310,000
Loss..? 1,251,000
Tne above shows the actual
changes in the bank hold¬
and gold caused by this movement to and
ings of
currency
from the interior.
banks
have
In
addition
to
that
movement
the
lost
$500,000 through the operations of the
Sub-Treasury. Adding that item to the above, we have
the following, which should indicate the total loss to the
New York
Clearing House banks of currency and gold for
the week covered by the bank statement to be issued to-day.
It is always to be remembered, however, that the bank
statement is a statement of averages for the week, whereas
the figures below should reflect the actual change in the
Thus far in the current fiscal year earning® condition of the banks as between
amount.
Friday of last week and
have continued to increase, the gain in gross from July 1
Friday of this week.
to November 7 being $406,558, and in net for the three
Week ending November IS, 1887.
Into Banks. Out of Banks. Net Change in
months ended September 30 being $58,224.
The physi.
Bank Holdings.
cal condition of the property is evidently being greatly
Banks’ Interior Movement, as above
*2,310,000
$1-,005,<>00
Loss..|1,251,000
Loss..
5,500,000
0,00u,000
500,000
improved, for in addition to the $212,621 charged to Bub-Treasury operations
Total gold and legal tenders....
*0,505,000
*8,310,000
Loss..*1,751,000
expenses, $414,590
was
spent for construction and
The Bank of England lost £54,000 bullion during the
$374,773 for equipment, making a total outlay in this
This represents £4 0,000 net received from abroad
week.
way of over a million dollars.
The New York Chicago & St. Louis Railroad, familiarly and £94,000
shipped to the interior. The Bank of France
known as the “Nickel Plate,” has now been fully reorgan¬ lost
6,600,000 francs gold and gained 50,000 francs silver.
ized, and its new securities were last week listed at the The Bank of Germany gamed 9,160,000 marks. Tne
Stock Exchange.
The company’s application for listing, following shows the amount of bullion in the principal
which states quite fully the details concerning its reorgan¬
European banks this week and at the corresponding date
ization and present financial status, we publish at length last year.
to-day on a subsequent page. For the year ending Sept.
November 17, 1887.
November IS, 1386.
Banks of
30, 1887, the gross earnings were $4,569,591, against
Gold.
Silver.
Total.
Gold.
lot III.
Silver.
$3,595,168 in the previous] year, an increase of nearly
£
£
£
£
£
£
20,310,759 20,119,143
£20,310,750
England
20,119,143
$1,000,060, but, owing to large expenditures made on the France
45,318,536 47,481,442 92,799,976 52,729,436 45,652,013 98,382,049
20,204,550 17,970,450 38,235,OOv 17,497,420 15,510,5)0 33,014,000
property and charged to operating expenses the net Germany*
0,698,00o 13,881,000 20,579,000
7,444,000 14,604,000 22,048,000
Aust.-IIung’y
earnings were only $1,327,509, against $1,17 7,350 the Netherlands.. 4,020,000 8,068,00u 12,094,000 0,407,000 8,010,000 14,483,000
•
....
previous
As the youngest of the Vanderbilt lines,
this company, now established on an apparently sound
basis, will take a new rank among the trunk-line railroads.
year.
Nat.Belgium*
National Italy
Tot. this week
2,483,000
6,983,000
1,242,000
1,118,000
3,725,000
8,101,000
2,759,000
1,380,000
4,139,000
7,422,000
939,000
8,361,000
106,629,845|90,483,S92,T97,313,737:113,091,999
Tot.prev.w’k. 106.970.874
90.300.9501197.271.824
85,3S5,1U3 199,077,192
113.550.995 84.998.015 198,555.010
AND REFUNDING.
THE SUBPLUS
There are two very
659
THE CHRONICLE.
19, 1887.J
November
dissimilar questions or classes of
questions to be dealt with
by Congress in connection with
EveningJ^ost proposes, as an indirect way of reaching
end, to loan the accumulations to whomsoever wants
to borrow at 24 per cent on Government bonds until the
debt matures.
This, he thinks, would net the Govern¬
ment the best result and pay the bonds in the end.
If
his proposition were feasible, and if it were applied only to
the present emergency, and to accumulations before tax
reduction can become effective, we should urge no objec¬
that
surplus revenue—one relates to the constant inflow
other to the accumulations up to the time when
the excessive inflow shall be stopped.
In the current
discussions this difference is not always kept distinct
enough, and consequently there is confusion as to reme¬
But is the
tion to it in the absence of a belter device.
dies. From the former we know no way of obtaining
relief except through a reduction of taxation, a re-adjust¬ plan even feasible? AYould those who have Government
bonds borrow the money continuously or for any great
ment of the tax gathering machine that will conform its
length of time at that rate; would not the plan rather keep
product to the needs of the Government. But while that the
money market on the quiver while the funds went in
is being effected, accumulations already large and trouble¬
the
and the
rapidly increasing. Consequently the necessity
for disbursing these collected revenues, which no tax
reduction will touch, brings up the other problem.
This latter inquiry is a peculiarly pressing one.
It
becomes especially so, because of the temptation a large
some, are
amount of
may
idle cash which must be put out presents.
presume
that every kind of device and every
and out
AYe
kind of
will look to
if necessary
turning creeks into rivers and canals into ship routes ;
while still others will suggest pension schemes.
The
adoption of any of these, commits us to principles that
are wrong,
establishing troublesome precedents ; yet
we doubt
not they will be the methods discussed
and pressed by many for draining off past accumu¬
cational purposes, will find advocates ; othe/s
internal improvements as the true device, even
them
we
may
be
sure
that every
plan which ingenuity can devise will be attempted
for laying hold of some part of this coveted prize.
The
very fact that the need for getting it out is so urgent will
make even hoeest legislators less vigilant; while those who
expect to retain a part of what they aid others in securing?
will find this very incautiousness a potent influence in
their favor.
Altogether, these conditions are obviously
favorable for a recklessly extravagant session, with many
schemes presented of more than doubtful utility.
We make these suggestions only to bring out more
clearly the fact that the stock of money which is and wilj
be gathered into the Treasury before the inflow can be les.
sened, is not, if affairs take their usual course, going to prove
a source of
profit to the people, but a source of danger.
Now how shall we ward off that danger? AYe know no
more effective method for shutting out bad appropriations
than by offering better ones.
It is important to remem¬
ber that it is not a situation permitting the country to wTait
until some one may devise a perfect method.
No one
may be able to suggest a mode of using the money which
tfould induce the raising of it, if that was the issue; or
even to
suggest a mode that can be proved to net as large
interest or be as profitable an operation as we could perhaps
secure next year or the year after if we could delay action.
But wo have the money and we must get it out or com¬
merce will suffer seriously.
Those are the conditions.
Aow under such conditions we claim that—after the usual
requirements of the Government are provided for—the
only proposition which ought to command attention is
one that has for its
object the payment of our debts. If
other
we
mode
least
we
money
money
to pay them in just
would
go
in that direction.
We notice that Air.
Bmrcial
so as
National Bank:
Flanagan, cashier of tlio Com*
in
a
communication
to
Just
now
high, but if the Government should find
put out its past accumulations, how long
would it be before that condition would change; or if
business enterprise should be checked what we call money
would pile up at the leading monetary centers and become
almost valueless.
AYe have an illustration in the condi¬
tion as it ruled during 1884 and 18S5 when call moaey
for a considerable time went a begging for A of 1 per cent.
But even those years do not fully indicate what may
happen at the next period of commercial rest, for the
Government has been manufacturing money since 1885
rapidly; it has been turning its idle silver dollars into
active certificates, so that with our accumulations of gold,
there are to-day a good mauy millions more of currency in
the country than ever before.
So when the next period of
rest comes is it not likely that the congestion will be
extreme ? At all events, varying degrees in the activity of
money,attended with wide iluctuations,are in the meantime
inevitable,and show that any calculation made on the suppo¬
sition that these accumulations of revenue can be kept out
the
like, pay them in the best, that is in the
objectionable, way wo can. but in any event let the
cannot.use the
the loans.
takers and thus
tried when Congress meets—the flies around
a sugar barrel can hardly be more numerous.
Of course
last year’s methods will come up anew.
The old scheme
for distributing the surplus between the States, for edu¬
But besides
circumstances shifted
rules
interest
claim will be
lations.
as
the
very far from accurate.
doubtful whether 150 mil¬
of Government bonds could be got together even
per cent for four years
Furthermore it seems at least
at
2-J
lions
collateral for money at as high
Alany of our most conservative banks will not pay
on any deposit, and all that New
York city gets
the present time, for its deposits, is 2J per cent ;
under present
a
rate.
interest
even
at
is
conditions
as
while outside of banks the holders of
bonds by
no means
But Mr. Flanagan’s suggestion
is, that loans bo made only up to the face value, a limit
which would obviously add further disfavor to the plan.
The Secretary of the Treasury found it impossible to
secure bonds in
any considerable amount at 90, and has
just been forced to raise his limit in order to get the banks
to put up the bonds and take the money even without
want money as a
rule.
interest.
why not buy the bonds at the maikct price, it is
asked,and relieve in that simple way at once the Government
of its burden and commerce from its danger. If the market
could bo fixed, the expensiveness of that proposal could
be measured.
But that is just the difficulty, while the pre¬
But
sumption clearly is that the price of bonds would materi¬
ally advance under a Government demand of the propor¬
tions contemplated.
Even now 127 is asked for the 4s
against 125 a very short time ago. This advance is in part
at least due to the new use made of them by depositary
banks; but with the number of the bonds outstanding
steadily diminishing as the attempt to secure by purchase
sufficient to absorb the 150 millions of accumulated
revenue progressed, one would be very venturesome in
claiming that the limit of price has been reached yet. On
the other hand it is not probable that the full surplus will
have been extinguished oven when the next fiscal year
begins. Assuming that Congressional efforts to curtail
revenue are
successful,
no
reduction in taxation is likely to
660
THE
take it *all
if at all
on
that with
CHRONICLE.
off, for the Government must be safe and
the side of
tariff
excess
of
revenue.
The chances
err
are
[VOL, XLVt
The Commission had many other powers and
this suspensory power was the one which,
duties, but
during the de¬
complex as ours is, it will require bates on the subject, most strongly attracted public atteumore than one revision to
equalize revenue and expendi¬ tion. And when the Commission, soon after taking office
tures; so that any plan makiDg provision for the surplus made a somewhat sweeping temporary use of this power
should not only contemplate present needs, but future the public was confirmed in its first
impression.
But
it
contingencies. In fact we look for a small surplus for
proved to be a thoroughly wrong one. Thisyears, and think there should be as long as we have a original suspension was merely intended to gain time
bond out, for we do not believe it is desirable to stop pay¬ time for the railroads to
adjust themselves to the new
ing off our debt; and if no device could be suggested for law, and time for the Commission to make up its mind on
attaining that end, other than the expedient of Mr. Flana the subject. When the opportunity came for a full state
gan of loaning the accumulations until the bonds fall due ment of principles (in re Louisville & Nashville HR.
Co.),
we should advocate his
plan notwithstanding the disadvan. it soon appeared that no such wholesale suspensions would
be needed.
In the first place the language of the
tages attending it we have mentioned.
Act,
But we believe something better can be devised.
A re¬ as now construed, was not half so severe as many people
funding measure is required, and one by the terms of which had supposed. It limited the local charges on each road,
the Government retains authority to draw and pay a cer¬
not by their share of a through rate in which they
partici¬
tain amount of the bonds each year ; that and only that pated, but
by the aggregate amount of the through rate.
kind of measure meets the conditions.
We have in To the law, as thus interpreted, there were
comparatively
prospect the burden of 150 millions of surplus, which few published rates which did not conform. But the rail*
if loaned on Governments could not, we believe, be kept roads were allowed still further
liberty, because the lan.
out four years at an average of over 14- per cent as a maxi,
guage of the Act applied only to traffic which was carried
mum.
We think that is a point which Mr. St. John, the under
substantially similar circumstances and conditions-*
President of the Mercantile Bank, also overlooks when he
Now, most of the apparent violations of the short-haul
criticises Mr. Knox’s plan.
At the time Mr. St. John was principle by the railroads were made in cases where there
pressing his measure in 1883, there was no urgency grow¬ was much ground for regard ing the circumstances and
ing out of the position of the Government or of the conditions as dissimilar. By construing the Act carefully,
country. Now, as we lave seen, public and commercial the Commission almost did away with the necessity of
affairs have been forced into an unnatural and hazardous
exercising their power to suspend it. The great majority
union; and being driven to it, the public would sanction of complaints under the fourth section have been shown
a method of relief which called for a much
greater sacri¬ to be distinctly outside the scope of the Act.
fice than it would have sanctioned then.
To continue the
But it was by no means the intention of the Commis¬
present temporizing po icy is impossible. Relief of some sion to make the law a dead letter. They have used
kind is an absolute necessity, and no method
except their authority under the less noticed sections of the Act
a
refunding scheme seems to meet the case.
Now? in a way which promises to be of great benefit to the
why should we not build upon Mr. Knox’s plan or public, and which proves one of the most interesting
Mr. Jordan’s or Mr. Hewitt's proposal, or that of Mr.
chapters in modern legislative history.
Aldrich, rather than simply rejecting the whole because of
The principle that common carriers should not make
features that can be easily modified ?
discriminations was old, but the courts had never suc¬
a
as
_
ceeded in
THE WORK OF THE INTER-STATE COMMERCE
COMMISSION.
There is
respect in which the Inter-State Commerce
a surprise
both to its friends and
foes.
Every one supposed that its duties would be mainly
Its friends expected that it would sus¬
administrative.
pend the law in a number of cases where its rigid enforce¬
ment would prove disastrous.
Its enemies believed that
the effect of such suspensions would be to make the law a
All
parties thought that its work would be
negative, or at most of an advisory, character. No
one looked forward to the creation of a
body of transpor¬
tation law, based on the positive utterances of the Com¬
mission itself.
Yet such is the work which it is to-day
doing, and which has overshadowed all its other functions.
of
a
The Inter State Commerce Law contained two sets of
provisions with regard to rates. One set simply reaffirmed
the old common law doctrine of equality ; the other was
more explicit, and prohibited
specifically those cases of in¬
equality where a higher rate was charged to or from an
intermediate point than for the whole through route.
The discussion was almost confined to this last prohibition
Nobody objected to having the general common law doc¬
trine
reaffirmed, but it
feared that the
applying it very thoroughly to railroad regula¬
They had proceeded on a false principle. The
common
one
Commission has been
dead letter.
tion.
law tradition had been that rates should be based
upon cost
of service.
applied
even to the
railroad business it
This had
ruder
never
means
been consistently
of transportation; to
totally inapplicable. It would
prevented the reduction in rates to secure large
train loads of low-priced goods.
Fettered by a theory
which they dared not and could not carry out to its
logical conclusion, the courts had not been able to make
much progress in the matter of railroad regulation.
The theory of the railroad managers' was that rates
should be based upon value of service, or upon what the
traffic will bear.
This principle, properly understood, is
much better than the cost of service theory.
Unfortunately it has not been applied impartially. The railroad
agents themselves have been sole judges of its applica
tion; and in their hands it has been so seriously abused
as to become a
by.word.
Charging what the traffic will
bear ought to mean reducing the burdens of the weaker
lines of business.
Practically it has come to mean inflict¬
ing the highest rates on those who were powerless to
was
have
defend themselves. '
What
the Commission has done
is
to
take the
rail
specific road principle and demand that it shall be applied
provisions of the long and-short-haul clause would seri¬ judicially and impartially.
They insist on equality
of
treatment
for
ously affect the railroads and long distance shippers both.
different shippers under more or less
To mitigate this danger, the Commission was constituted, similar
circumstances, not because the cost of service is
with power to suspend the operation of the short-haul the
same, but because the shipper who suffers from
clause in casts where it should prove
necessary to do so. unjust discrimination cannot compete on equal terms with
was
more
November
661
THE CHRONICLE.
19, 1887, J
fortunate rivals. This is the difference between though special roads and sections still do remarkably
well.
Here are the aggregates for September and the
the attitude of the Commission and the traditional attitude
nine months, covering all roads that have made returns
of the courts.. It may seem a slight distinction, but it is
for either period.
not so. It is the substitution of a strong principle for a
his more
^eak one. Instead of a theory which breaks down
moment we attempt to apply it, we have one which
the facts, and which may be fearlessly pushed to
the
fits
it
logical conclusion. The series of decisions of the Com**
mission are successive steps in the development of thi
Jan. 1 to
of September.
Month
1880.
1£87.
September 30.
(68 roads.
<65 roads.)
18S7.
Ira:.or Dec.
1886.
Inc.
or
Dec
Gross earn’s
39,840,608
Oper. exp...
24,189,481
1
*
*
$
$
30,173.732 +3,672,936 354,460,44* 311,802,976 +42,597,472
21,383,077 +2,000,404 226,195,598 201,723,154 +24,472,444
Net earn’s
15,057,187
14,590,055
*
+1,000,532! 128,204,850
110,139,822 +18,125,028
principle. They give the shippers just as much relief as
the decisions of the older courts; but‘they place that relief
upon grounds which the better class of railroad men are
Teady to admit, because they simply strike at the abuse
without sweeping away the whole foundation of railroad
sight seem quite satisfactory, gross
for the month exhibiting an increase of $3,672,936, and
net an increase of $1,066,532, but note that over twothirds of the gain in gross was consumed by augmented
business methods.
expenses,
Reagan’s predictions with regard to the Commis¬
sion have been completely falsified.
He thought it would
have the effect of weakening the force of the law.
In
point of fact, it is what gives the law its chief value. The
special statutory provisions of the long-and-short-haul
clause are loose enough to be ineffective.
The courts
would have construed them mildly, Commission or no
Commission. Nothing is really left directly bearing on
rates, except the general provisions against discrimina
tion. These, except as they facilitated the jurisdiction
of the United States courts, were nothing more than we
had already had for years.
But in the hands of a Com¬
mission that understood the subject, they have sud¬
denly become effective. It is a striking illustration how
Mr.
important strong men are than mere legal
machinery. The Commissioners are building up a body
of law by their own personal knowledge and infl uence. It
is nearly twenty years since Mr. Adams showed how such
knowledge, independent of any specific powers, made
itself felt in the influence of the Massachusetts Commis¬
much
more
the railroads and the Legislature. To-day an
experiment of the same sort is being tried in a somewha
This would at first
and further that the ratio of increase in the net
is only
per cent, while in the case of the gross the in¬
crease reaches over 10 per cent. That a better comparison
ruled early in the year is evident from the very much
heavier ratio of gain on the results for the nine months,
the improvement here being 16£ per cent, but it is import¬
ant also to know that the less satisfactory showing is not
confined to this one single month, (in which case it might
be deprived of a great deal of its significance,) but that it
has been observed now for three successive months.
In
order to make this point clear, we give herewith the fol¬
lowing recapitulation of the monthly summaries back to
the first of
January.
GROSS AND NET
f
EARNINGS.
Net Earnings.
Gross Earnings.
1887.
j
1886.
| Increase.
|
1887.
1880.
I Increase.
sion upon
Thus the ratio of increase for September is smaller than
much larger scale. It is too
in any other month this year, excepting February, when
soon to say how complete will be its ultimate success. The
the showing was rather poor owing to the disparity in the
undertaking is one whose difficulties will increase rather
weather conditions prevailing in the two years.
Sep¬
than diminish for some little time to come.
But what
tember and February alone show a smaller ratio of im
has been already accomplished gives ground of congratu
provement in net than in gross. There has also been a
lation for the present and fair promise for the future.
decline in the percentage of the gross, and this of course?
THE SITUATION AS RESPECTS RAILROAD ©perates to reduce the gain in the net ; but if we except
such months as January and March when special circum¬
NET EARNINGS.
The subject of railroad net earnings commands j us t stances made earnings exceptionally large, the decline
has not been very striking, the heaviest increase outside
now a large share
of attention, and hence our usual
of the months mentioned being the 15 per cent for April,
monthly summary of results will be received with special
while now for September the gain is 10 per cent. On the
interest.
It is known of course to our readers that we
other hand, in the case of the net, the increase of 7 per
publish in our department of investment news and railroad
cent for September compares with 21 per cent for June,
intelligence, the monthly figures of net earnings for each
25 per cent for May and 20 per cent for April, showing
company just as soon as issued, and these figures are con
elusive as to the status and doings of the individual proper, quite an important reduction.
One of the chief features of interest in connection with
ties covered.
But a comprehensive idea of the course o
these less favorable comparisons of net is the great aug¬
earnings as a whole, or of the exhibit in special sections
In
of the country, can only be got by aggregating results, as mentation in expenses shown to have taken place.
is done in the present article covering September, and as many cases this has followed from reductions in freight
and passenger rates, which, by increasing the amount of
was
done in preceding articles
covering previous
work required to produce a given amount of revenue, has
months.
In many other
In the matter of gross earnings our statement for raised the ratio of expenses to earniDg3.
the month of October, published last week, and the cases the addition is altogether too large to be accounted
exhibits for the first and second weeks of the cur for by that circumstance, and it is only fair to assume that
rent month, given on another page of the present issue, are it represents large expenditures for improvements and
Moreover, it is undeniable that railroad
evidence that the progress making is still satisfactory and betterments.
the ratio of gain large.
As regards the net, however, the managers nearly everywhere are taking advantage of the
showing is somewhat different. While the roads as a present prosperity to put their road bed, track, bridges,
The y
whole continue to record increases over last year, the com¬ equipment, &c., in first class shape and condition.
know by experience that periods of prosperity are usually
parison is decidedly less favorable than in other months,
different field and upon
a
662
ITHEIIOHRONICLE.
succeeded
by longer or shorter periods of depression, and
in order to be prepared for such a
contingency they are
putting their roads in trim to meet it. In so far there¬
fore as the larger expenses are attributable to this cause,
the increase is not to be regarded as permanent; when the
conditions become less favorable, expenses will again be
reduced.
As to
,
special roads and
first to command
groups,
attention.
Toe
the coal roads
Gross
the
demand for coal is
Earnings.
Net
September.
Trunk lines
(7)
Middle Western(S)
Northwestern ..(4)
W’st of Miss’uri{8)
Pacific
Syst’ms(ll)
Southern r’ds..(19)
Coal companies(0)
are
[Vol,
Eastern co’s....(5j
Mexican roads .(2)
1880.
1887.
1880.
$
1
$
$
11,113,051
1,000,896
2,811,207
2,383,234
9,503,700
5,180,203
10,191,022
1,418,934
2,900,943
3,202,830
3,970,185
5,980,045
700,324
Inc.orDtc, "
!
3.848,013|
1,247,246
1,056,523
4,202,773
2,137,019
501,941 j
1,682,196
1,102,160
3,89+472
1,088,61 5
5,302,354
647,322
1,920,975
1,447,0 54
507,282
433,131
101,5(51
39,840,60S
30,173,732
15,057,187
8,734,990
4,215,045
*
+122,172
P ,0
q
+80.157
17
—434,950
—45,637
+364,301
26
|
+448,376
27
290,919 i
122,217 j
+12,855
+29,347
32
14,590,055
+1,000,532
309,804
so
Total, 05 roads
Earnings.
1887.
591,098
XLV,
4
9
+473,911 S3
4
7
active, and prices are so satisfactory, that the course of .Jan. 1 to Sept. 30.
net earnings on this group merits careful
..(10) 124,613,057 110,691,020 41,731,900 37,022,804 +4,109,103 11
study.. We find Trunklines.
Middle Western(7) 10,323,784
8,034,057
3,2*9,213
2,274,793
+984,421 43
that while the Central of New Jersey show3 reduced net Northwestern. .(3)
22,333,060! 20,742,815
9,031,300’ 9,579,810
+51,996
1
W’s?
of
Mis3’urU3) 20,179,089, 10,539,035
as the result of the strike in
8,805,90 lj 7,029,135 +1,770,820 25
the Lehigh coal region, and
Pacific Syst’ms (11) 70,983,303! 03,790,339'
27,238,146 25,577,629 +1,000,517 0
the Northern Central also shows diminished totals, the Southern r’ds..(14) 35,081,934! 29,712,1331
12,151,277j 9,979.433 +2,171,839 22
Coal companics'O) 50,632,501j 43,492,6571
17,723,829 11,158,127 +6,585,702 59
gain by the other road3 reporting, and in the main by the Eastern co’s..'..(9) 15,c-90,200| 14,281,3341 0,005,93 7 j 5,840,079 +225,258 4
Reading and its Coal & Iron company, is such that both Mexican roads.(2) 4,717,9 40j 3,901,975 1 1,057,215 1,077.847 +579,303 51
Total, 03 roads! 354,460,448 311,802,970, 12S,204,850 110,1.39,332' +18,125,Oh
in amount and ratio of increase this
group excels all
Note.—Included under the head of—
others, the improvement being $473,91 1, or about 33 per
Trunk Lines—The Clevland Col. Cln. & Tnd.,
Chicago A Grand Trunk, Detroit
Gr. Haven A Mil., Grand Trunk of Cm., tlie Ohio A Miss.,
cent.
For the nine months, with the Central New
the PumrsylJersey
(east and west of P. A E.), and for the nine months the
roals, to¬
gether
with Boston A Albany, N. Y. Chic A St. L. and N. Y. entral &
Hudson.
and Northern Central sharing in the improvement, the
Middle Western—'The Cairo Vin. & rhic., Chic. St. Louis &
Pitts., Cin. Ind.
St. L. & C., ]>et. Bay City & Alpena, Grand Ban & Ind.,
Cleveland A Canton,
gain reaches 59 per cent, and against net of only 114- rail- Cincinnati Ham. & Hay. and Toledo A Ohio Central.
lion dollars last year, the total this year amounts to
Burlington A Quincy, Minneapolis & St. Louis, Keokuk
nearly & Northwestern—The
Western and Minn. & Northwestern.
17J million dollars; in other words, there has been a gain
West of Missouri—The Denver A Rio Grande, Denv. A Rio Grande
Western
of GJ million collars.
No facts could indicate more strik¬ and Ateli. T. & 3. Fe.
Pacific Systems—The sir Southern Pacific roads and the Union
ingly than these the improvement that has occurred in the Pac., Canadian l’ac., Oregon lrnp. Co. and Oregon Ry. & Nay. Co. Pac., Northern
Southern Roads—TheCent~al of Georgia, dies. A O., Ch is. O. & S.
W., Elli.
earnings of the coal properties.
Lex. A B. S., East Tenn. Va. A (la.. Louisvj lo A Nash., Nastn C.
A St. Louis,
N- rfolkA Western, Louisv. N. (). A Tex., Memphis A Charleston,
Shenandoah
Hardly Ess interest attaches to the results on the trunk Valiev, Port Worth A Denver City, Cape Fear A Yad. Valley. Kentucky Cen¬
tra!, Petersburg, Richmond A Petersburg, St. Louis Ark. A Texas, Seaboard 4
lines.
The Pennsylvania has lately increased its rate of Roanoke
and Carolina Central.
dividend, and there are rumors of similar action in
prospect on the part of the Vanderbilt lines. Of course,
the gni.L3 are less striking than on the coal
Companies—The Baltimore A Potomac. West Jersey,. Camden & AtL
roads, since N.Eastern
Y. Pl;i!a. A Norfolk and itome Wm. A
Ogdeosburg, and for the nine months
thes
rouls together with New York A Ne-r
they follow gains la3t year, the trunk lines bring in the Ogdensb. & Lake Cham, and Brooklyn Elevated. England, M mhattan Elevated,
second year of their more peaceful
workings and the coal Mexican Ponds— The Mexican Central and Mexican National.
roads in the first.
For September, the increase in net is
T11E SITUATION IN EUROPE
only trilling, the Pennsylvania having augmented its
expenses very heavily.
For the nine months, however,
During the course of last week not much has occurred
quite a handsome improvement is shown, the gain in net to give what could with any justice be called a new aspect
amounting to over 4 million dollars, or 11 per cent, and in to European affairs. There is no long t any doubt as to
gross to about 14- million dollars.
One of the Grand the nature of the disease from which tue Cro wn Prince of
Trunk branches, namely the Detroit Grand Haven &
Germany ia suffering, and the nature of the malady, taken
Milwaukee, stands alone in its failure to participate in the in connection with the extreme age of Emperor* William,
improvement.
points to the early occupation of the German Imperial
Southern roads are another class which attract a
throne
good
by a young man of comparative inexperience. Tue
(leal of attention.
Tireso have had a heavily expanded scandal affur in
Franco, the further the inquiry is pushed,
cotton lvovoniert si? ce the opening of the
reveals
more
season, but if
unpleasant features; and in spite of per¬
the Agrcnlmnd Bureau Gatement of the
sistent
yield was cor¬
denials, it seams to bo becoming more and more a
rect a Lvriocs falling-oil would be looked for
speedily. certainty that the home of tho Caief of the State has
Parsing that- pohP, however, the South has undergone been stained with crime.
and is still undergoing great
There are thosa who are disposed to
development, and this ac¬
exaggerate the
tive y invests railroad returns from that sectiou with
probable consequences of the Crown Prince’* misfortune
special interest. It is a fact, 'too, that we have a greater on the one hand and of the French scandal on the other;
representation of roads from the South than from any and if the latter leads to the resignation of President
other section, and this of course adds to the value of the
Grevy its issue may be momentous. At all events it is
exhibit.
The ratio of gam has not fluctuated a
great deal, perhaps impossible to exaggerate the importance of either
a
steady and almost, constant increase being shown in its private aspect.
Prince Frederick William has
month
by month.
For "September, however, pre¬ lived for fifty-six years under the shadow of the throne.
sumably became of
tho
increased cotton traffic, He was long the hope of Prussia.
He has latterly been
tie
improvement
amounts
to
27
per
cent, the hope of the entire German people.
A.s a soldier and
against 22 per cent for the nine months. Only three roads as a statesman he' has won confidence. lie is known to
(out of 19), rmd these minor ones, show decreased net for be a man of peace; and Germany, if she needs any¬
S ptemb'*r, and only one (out. of
14) for the nine months, thing, needs peace for many years to come. In the
the felling elf in each case
being explained either by course of nature the venerable Emperor will soon be
heavy expenditures for betterments or by the purchase of called away; and if the malady from which the
new
equipment.
Not a single road in either period Crown Prince is suffering should prove fatal, the weight
reports a loss in gross earnings. Below is our usual de¬ of empire would fall upon the shoulders of his son, a
tailed. statement giving the results not only on the
groups youth of twenty-eight years, a man credited with the
already reviewed, but on all others as well. Tue figures ambition and the military ardor of IPs race.
in parenthesis indicate the number of roads
It is not long since it seemed a3 if the fortunes of the
comprised in
varva
,
same
•
the groups.
House of Ilohenzollern
were secure
beyond
any
peradven-
November
19, 1887. J
THE
663
CHRONICLE.
In 1889 France will celebrate the revolutio11
familiar with a picture which principles.
of 1789, the Great Revolution, and there is reason to be¬
represented the Emperor William and three possible suc¬ lieve that care will be taken of her present institutions, so
cessors.
It did seem as if the Emperor, in that which is
that the celebration shall take place under the mgis of the
always dear to the heart of a ruler, was certain to realize
Republic. Then again, it must not be forgotten that the
the hope that the Imperial sceptre should remain in the
hands of his descendants for generations yet to come. All danger of international trouble is greatly diminished by
the Triple Alliance, which includes Germany, Austria
the persons represented in that picture are still living;
and Italy, as well as by the good understanding which
but how changed is the prospect.
After the Emperor and
has been established between France and England. Under
the Crown Prince, there is only Prince Frederick William
the present arrangement it will be next to impossible for
and his son, a boy of five, in the direct line. This possible
failure of the direct line, which after all is only a possi¬ any one Power to break the peace or to disturb the equi¬
librium.
bility, is, in our judgment, much less important than the
other possibility that Prince William on the throne might
pXo u ct avij s ©a m m c vci a Ig n o lisit c xus
yield to the war sentiment, and involve not only his own
[From our own correspondent.]
people but the whole world in trouble. He is said to be
London, Saturday, November 5, 1887.
pronounced in his dislike of France and the French^
Rather
more
business
has been doing in money, but the
revealing this dislike on all occasions when he has the
demand
principally apparent at the commencement
opportunity, and in every possible way. Such a man on of the
week. Since then it has eased off a little, and short
ture;
and the public became
was
of Germany would not certainly be any sure
loans have fallen from
per cent to 3 per cent and under;
or satisfactory guarantee for the continuance of peace in
The November demand should now be influencing the market,
Europe.
but whether, after the stringency of the past month, the pre¬
The French situation, even if it stops with the disgrace cautions then taken to anticipate requirements, and the influ¬
of M. Wilson, has very unpleasant features. The Legion of ence of Secretary Fairchild’s action to relieve undue mone¬
Honor scandal and the corrupt practices in high places tary pressure in America, the market will be as much affected
The Treasury bills went off at a
as usual remains to be seen.
which have been brought to light in connection with the
low figure, the average for the three months being £216s. 13^d.;
same, reveal a state of things the reverse of hopeful. The but the general rate for discounting
three months’ bills in the
bottom has not yet been touched.
The whole truth is not open market lias been 3Ig per cent. In the weekly return of
yet known. Enough, however, has been disclosed to the Bank of England no great changes are noticed. The
make it plain that a wholesale system of corruption has reserve has lost £247,465, which was owing to the increase of
£303,960 in note circulation. The actual increase in bullion
for some time prevailed, and that titles of honor and
was £56,495, or about £20,000 more than the sum sent in from
lucrative positions and contracts have been bought and
abroad. The proportion of reserve to liabilities remains prac¬
sold, the illegitimate traffic making rich the vendors. It tically the same as last week, namely, 45*56, against 45*47 per
is just such corruption which brought to the dust the em¬ cent, the aggregate deposits held having decreased £5S0,619,
pire of the late Louis Napoleon. Better things were simultaneously with the decline in the reserve. The amount
of the reserve is now £11,834,544, or about £378,000 more than
hoped of and for tLe Republic. There are few people
last year ; and the stock of bullion, which stands at £20,148,who have watched the course pursued by the men now in
759, shows an increase of about £339,000.
power who would for one moment be disposed to enter,
The following return shows the position of the Bank of
tain suspicions regarding them.
M. Rouvier has proved England, the Bank rate of discount, the price of consols, &c.,
himse’f in the handling of great public questions a model compared with last three years :
Piime Minister; and M. Flourens has shown more skill
1885.
1834.
1886.
1SS7.
the throne
in the management of foreign affairs than
any man who has held the portfolio of Foreign Minister
since the present Republic was organized.
He has re¬
aLd
gocd
sense
difficulties, and he has im¬
proved the relations of France with all or almost all her
neighbors. As little can suspicion be allowed to point
the finger to M. Grevy, the honored President of the Re
public. It is the fact, however, that illicit transactions have
been effected which i lmcst seem to imply a guilty know!,
edge in high places; and M. Wilson, the son-in-law of the
President, is not only implicated, but in the eye of the
public almost convicted. M. Grevy’sterm of officedoesncJ
expire till January, 1889; and it is an assuring fact tha^
he refuseslo resign at the command of the extremists
moved out of
the way many
7-day and
Circulation, excluding
other bills...
X
X
£
£
25,530.920
25,1( 3.705
S. 114.75)8
25,044,365
Public deposits
21.oil.2 if)
3,454.141
3,107,246
4,130,452
Other deposits
22,*'60,573
25.5*17.568
Government securities
12.353 980
19,423.5)3(5
23,723.453
14.035.2i5
23,597,473
13,709 093
20.19 V'Oi
20,.* 574.03s
Other securities
Itseerve of notes
and coin
Coin and bullion
Reserve to
liabilities
Rank rate
11,834,544
20.148,759
10,455,856
19.809.5515
45 56 p. C.
38)4
p. c.
4 p. c.
4
D. <*.
15,12 ,707
23,387,140
9,517,237
11,343.132
20,0»7,497 12,298,157
3 - /-A p. c
2 p. c.
31
p.C.
5 p. f.
10o 7-161. 100 1-1Cd,
ion £
103>i
137,975,000 14(5,702.000 123,089,000 131,296,0(0
Cmaols
Clearing-nouse return
The character of
the wheat trade has not undergone any par¬
The demand is rather quieter, but it is some¬
thing to know that in spite of this slackening of the inquiry
there has been no relaxation of firmness; on the contrary, the
recent gains have been well established.
It would seem from
this that the trade is being gradually brought into a sounder
condition, and it is probable that before the end of the year
until such times as he shall conclude that justice and the
the level of prices will be further advanced. Liverpool appears
public interest require it. It is undeniable that France is to hold much larger stocks than last year, the present total
in a peculiarly excited condition; and at such times it is
being 3,840,322 centals—an increase of 1,449,000 centals, but
against this lias to be placed the fact that the stock of Hour,
always difficult to predict what will happen.
Thus looked at, it is not difficult to see how danger which is about 90,000 sacks, is only about one-half of what it
was.
Considering that the imports of wheat thus far this
might arise to Europe both from Germany and from France. season have fallen short of last by about 900,000 cwts., and
But the danger implies the existence of a state of things
that from Sept. 1 to Oet. 15 American shipments to the United
which is not yet, and which may never arise.
If possi. Kingdom were some 900,000 bushels below what they were
bilkies point in the direction of danger, they point even in the corresponding period last year, the excess shown in the
more
hopefully in the direction of continued stability and stock of wheat at this centre has created some surprise, and
that some depreciation in values has not followed the publi¬
peace.
Germany, as we have said, needs peace; and what¬ cation of these
statistics is looked upon as a hopeful sign for
ever
may happen to the venerable E nperor, and however the future.
the Crown Prince’s
malady may result, statesmen will not
wanting equal to the situation, and the affairs of the
empire will be conducted according to constitutional
be
ticular change.
The
United
cereal produce into the
nine weeks of the season
following shows the imports of
Kingdom during the first
and other items,
compared with previous years:
Exports.
IMPORTS.
Barley
Oats
Peas
Beans
Indian
Flour
3.81092—The
517,130
396,437
4,016,777
com...
Aver, price
Aver, price
4,676,901
2,986,650
3,454,582
1887.
Id.
..week. 30s.
season. 29s.
wheat
wheat
fCnsllab
Financial
2d.
11,051,488
4,150,625
2,024,228
332,941
622,087
3,525,895
2,662,821
11,062,477
2,890,718
2,439,356
309,818
746,370
4,894,642
2,060,342
9,914,126
4,704,668
3,017,154
366,888
426,849
9,045,573
2,722,660
2,719,435
Wheat
1884.
1885.
1886.
1887.
1886.
30s. 3d.
30s. lOd.
1884.
32s. 3d
32s. lid
1885.
4d.
31s.
31s.
Id.
,TIartteU-Per Cable.
daily closing quotations for securities, &c., at London,
reported by cable as follows for the week ending Novem¬
The
are
*
ber 18.
Week.
Silver, per oz
d. 43l5lfl
Consols for money
1021»1C
103 Li
Consols for account
FPch rentes (in Paris) fr. 80-72 L.,
U. S. 4h,s «f 1891
lll7s
130 kt
U. S. 4 s of 1907
54 r,s
Canadian Pacific
7 6 J-j
Chic. Mil. & St. Paul....
2938
Erie common stock.
Illinois Central
12034
58 4
Pennsylvania
Philadelphia & Reading. 347*
New York Central
1105s
437n
10215 y.
IO3I4
431116 431 lie 437s
103116 10.31,6 1033,6
1035] s 1033,6 1035] 6
Germany
West Indies
Mexico
South America
All other countries...
21,358
65,898
44,067
1,012
182,425
541,632
73,880
219,023
520,858
$4,34 i
$1,843,614
437s
103 >4
80*77 !*2 80-70
x 110 34
1 I 01*2
110'4
130 ;is
130 >4
1297s
56
56
5534
78 5q
807s
795s
3 L^s
315s
3158
121 <4
121
12114
5 / J4
5714
x57]8
36
36l*2
361-2
11158
11214
IIILj
112
130 34
7h
130
54 7s
77:,s
30 34
121
58
547s
/ °8
311*2
7
121
’
58 58
36Lj
34
35 7«
ll iq
111*8
17,885
21,798
for the week in 1887 $11,353 were$620 American silver coin. Of the
exports during the same time $27,362 were American gold
coin.
following table shows
in this city, as
the past week:
the receipts and payments at the Sub-Treasury
well as the balances in the same, for each day of
Balances.
i
Nov. 12
“
14
“
15
“
16
“
17
“
ray ments.
Receipts.
Date.
18
Total..
Coin
Coin.
$
768,332
1,065,002
1,495,347.
1,112,513;
1,526.738!
1,078,729
$
$
805,365 131,648,630
1,070,333 131,622,860
1,346,331 131,641,476
844,708 131,807,183
902,824 131,837,250
995,040 131,891,372
7,046,661’
5,964,601
&
Baltimore
Ohio.—At
Cert's
Currency.
!
$
$
17,765,106! 11,465,421
17,941,195 11,309,772
18,648,781 i 10,762,486.
18,716,077
10,767,288
19,321,405
19,403,912
10,755,807
10,702,867
Baltimore,
November 17, the
Railroad held
telegram was sent to members of the syn¬
dicate in New York that the committee approved the arrange*
ments made by President Burns and Vice-President Spencer
in regard to a general mortgage to pay off all existing obli¬
gations; also that four directors of the syndicate will be
elected.
A special meeting of directors will be held on
Wednesday next to elect a president in place of Mr. Robert
Garrett, resigned.
Executive Committee of the Baltimore & Ohio
following banks have recently been
National Banks.—The
:
Capital, $50,000.
Simonds National Bank of Sumter, S. C.
Andrew Bimonds, President.
Cashier.
,
First National Bank of Horton, Kas. Capital, $50,000.
Hopkins, President; F. M. Wilson, Cashier.
First National Bank of Durham, N. C. Capital, $100,000.
J. B. Carr, President ; Leo I>. Heartt, Cashier.
Jewell County National Bank of Mankato, Kas. Capital,
$50,000. John J. La Mar, President; Geo. B. Goodrich, Cashier.
First National Bank of Osage City, Kas. Capital, $50,000.
John D. Hall, President; 1). C. Lake, Cashier.
Imports and Exports for the Week.—The imports of last
Scott
week, compared with those of the preceding week, show a
decrease in dry goods and an increase in general merchandise.
The total imports were $8,146,785, against $8,195,716 the pre¬
ceding week and $9,468,406 two weeks previous. The exports
for the week ended November
15 amounted to
$6,792,584,
against $5,940,558 last week and $6,026,425 two weeks previ¬
ous.
The following are the imports at New York for the
week ending (for dry goods) November 10 and for the week
ending (for general merchandise) November 11; also, totals
since the beginning of the first week in January :
FOREIGN IMPORTS AT
Week.
1884.
NEW
1885.
|
J'
$1,087,271 i
1,0*3;
5,554,154
7,606,267)
Total
Since Jan. 1.
$5,998,954’
$6,847,146
$9,498,871 •
4,91
Gen’l mer’dise..
A notion
auction by
a
following were sold this week at
Adrian H. Muller & Son :
Sales.—The
Mt
ssrs.
Share*.
8 Knickerbocker Trust Co. IBS1*
Shares.
30
250
10
140
100
240 L>
Eagle Fire Ins. Co
594
3,003
Mechanics’ Nat. Bank... 101 hi
Westchester Fire Ins. Co. 135
02 hi
40 Howard Fire Ins. Co
100 Bleecker Street & Fulton
Howard Ins. Co
20
Ferry RR
45 4
300 Canton Co
10
10
20
50
50
8
122
204
Continental Nat. Bank.
Pennsylvania Coal Co.
.
Bonds.
$5,000 N. Y. City, 7s, Impr’t
Stock, 1889
loy^&int.
$5,000 N. Y. City, Os, Water
Stock, 1902......... 131:*s«fcmtv
$1,000 Third Ave. RR. Co.,
7s, 1890
1044 &int.
$2,000 12d St. Manhatt’ville
A: St. Nicholas Ave. Rli. Co.,
2d Mort. Ilie. Bonds, 1915.
121 4
00
Second Avenue RR
Howard Fire Ins. Co
Clinton Fire Ins. Co..90
Imp’s & Trailers’ Nat. Bk. 3314
20 Amer. Loan A Trust.Co.. llOh
Chemical Nat. Bank
1887.
$1,892,604
_
United States Government and other desirable
SECURITIES
$8,140,785
FOB
INVESTORS.
278,055,657, 245,369,059
All stocks and bonds listed on the New York Stock
Total 45 weeks
$379,326,876 $333,452,751 $379,025,255 $ 106,912,538
report of the dry goods trade will be found the im¬
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending November 15 and from January 1 to date :
our
and sold
1884.
1885.
1886.
1887.
$7,085,519
282,685,783
$6,431,943
278,901,845
$8,257,483
268,974,399
$0,792,584
261,835,789
Deposit accounts received and interest allowed on month’y balances!
subject to draft at sight.
HARVEY
28
FISK
Nassau
&
SONS,.
Street, New York.
WALTER STANTON
COFFIN
&
STANTON,
BANKERS,
Total 45 weeks. $289,771,302 $285,333,788 $277,231,882 $268,028,373
The following table shows the exports and imports of specie
the port of New York for the week ending Nov. 12, and
since January 1, 1887, and for the corresponding periods in
1886 and 1885:
Exchange bought
commission for cash.
on
WM. EDWARD COFFIN.
EXPORTS FROM NEW YORK.
For the week....
Prev. reported..
56
100G
$1,622,712
6,524,073
$88,083,692 $102,389,796 $108.106,916
276,635,459 298 805,622
$101,271,219
Dry Goods
meeting when
Ranking and ^financial.
1886.
$1,292,992
a
YORK.
Dry Goods
Gen’l mer’dise..
In
1,597,308
1,680,754
Of the above imports
American gold coin and
Commercial atitl lUtsceUaneous J&ew*
For
193,435
131,416
2,216:
„
3,332
$9,539,227
8,654,284
14,038,170
$229,148
Total 1887
Total 1886
Total 1885
$303,580
174,381
221,167
748
_.
1033,6
80-87 h> 80*62 L> 80-75
111
„
Since Jan.h
$8,145,583
866,773
$222,400
6,000
Great Britain.
France
Week.
\ Since Jan. 1.
Tnited States Sub Treasury .—The
Fri.
Thiers.
Wed.
Tues.
Mon.
Sat.
Lon don.
organized
Imports.
Silver.
11
WALL
STREET,
NEW
YORK,
NEGOTIATE
,
at
State, municipal,
Railroad, Water and Gas Bonds*
MONEY ADVANCED ON MARKETABLE
SECURITIES.
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Exports.
Imports.
CITY
Gold.
Week.
Since Jan. 1.
Week.
6
Since Jan. 1.
OF
PER
TOPEKA,
CENT
ISSUED FOR
Great Britain
France
Germany
West Indies
Mexico
South America
All other countries...
Total 1887
Total 1886
Total 1885
1,568
$142,171
3,398
30,825
968,101
2,537,053
$14,660
500
500
15,203
2,431,714
558,214
$35,329
29,525
17,650
$6,60s,578
37,415,390
0,094,900
$3,860
! $5,348,339
8,428,857
I 17,331,497
10,915'
I
0,803
693
4'300J>43
14,140
241,075
566,810
$28,331 $36,291,667
1.632,107 21,497,247
1,794,135 11,253,876
IMPROVEMENT
KANSAS,
BOND*.
STREET IMPROVEMENTS.
besides being based on the credit of the city, are a first
all the abutting property, valued at $6,932,000.
valuation of the City, $7,276,234; actual valuation over
These bonds,
lien
Assessed
on
$25,000,000; total indebtedness, exclusive of tills
$422,900. Population about 40,000.
For fuither particulars call on or address
GRISWOLD
3 WALL
A
GILLETT,
ST., NEW YORK.
issue*
NOVEMB
,
fHE CHRONICLF
1887.]
==
JIic gauffers’ ©alette.
DIVIDENDS!
The
following dividends have
Name of
Company.
Railroads.
& Bound Brook (quar.).
WALL STREET,
When
Books Closed,
Payable.
(Days inclusive.)
$2 50 Nov.
Nov.
3%
Concord <fe Montreal
rotawiHKfi. iireferred
Boston
Delaware
i discount; selling par<g>£ premium; Charleston buying|@3-lfr
discount; selling par; New Orleans, commercial, $1 50 dis¬
count; bank, par; St. Louis, 50c. discount; Chicago, 40(g^
50c. discount.
The rates of
leading bankers are as follows:
recently been announced :
Per
Cent.
2
Nov.
21 Nov.
-16 to
18! Nov.
16 Nov.
1 to
13 to
FRIDAY, Nov. IS,
=ag
=
^
Prime bankers’ sterling bills on London..
Prime commercial
Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen (reichmarks)
1S87-5 1*. M.
Coins.—The following are
Demand.
Sixty Days.
November 18.
®4 82% 4 86 ®4 86%
80% ®4 81
4 80%®4 80%
5 25
»5 2438 5 22 %®5* 21%
4 82
4
40%®40316
95%®95%
39l6i6®40
94% ®947a
quotations ingold for various coins:
Silver *48 and %s. — 99% ®
$4 83
Market and Financial Situation.—The stock Sovereigns
95
— 93
3 88
Five francs
®
Napoleons
3 85 ®
76
®
4
®
77
Mexican
dollars..
75
market this week has come nearer to being a genuine bull mar¬ X X Reiclmiarks.. 4 74
— 74*2®
®
4
OO
Do
uncommercT
X Guilders
3 96
71%
—73*4®
ket on outside orders than anything we have had for months Spau’b Doubloons. 15 55 ®15 70 Peruvian sols
85
15 65
English silver
4 77 ®
Mex. Doubloons.. 15 55
®
past. There has been nothing new—nothing to give any spe¬ Fine gold bars
Aiprem.iU. S. trade dollars*— 73 ® 1 00
par
96 % U. S. silver dollars — 993*®
95^©
cial twist to the market—but on a popular feeling of greater Fine silver bars...
|
Dimes & % dimes. — 99*2® par.
confidence in values there has been more general buying.
Now demonetized.
The progress
in Reading affairs and the practi¬
United States Bonds.—Government bonds have not been,
cal conclusion of the New Jersey Central readjustment
so entirely neglected as they were
during the previous week,,
are
matters which have helped
along the prevailing
though the business has not been specially active. A few
tone of strength, while Western Union is also mentioned as a transactions have occurred, however, from day to day.
Prices
stock which is particularly in favor with some of the leading have been easy and are a trifle lower than they were a week
bulls. The attention of heavy capitalists is naturally turned ago for the 4s and 4£s.
The closing prices at the N. Y. Board have been as follows:
towards those companies which have a chance, with greater or
(
less certainty, of effecting a monopoly or combination in their
Nov. ! Nov.
Nov.
Nov.
Interestj Nov. Nov.
17.
18.
16.
15.
14.
12.
Periods
field of business.
Thus we have seen Western Union and
107% *107% 107 V 107% 107%
Manhattan Elevated taken up and made to pay dividends on 4%s, 1891
reg Q.-Mar. *107%
*108 -U I0878 *10850
*l087s 109
Q.-Mar.
*10Q78
coup.
watered stock while some of the leading railroads of the coun¬ 4%s, 1891
126% 126% *126%
*127
*127
Q.-Jan.
,*127
4s, 1907
reg.
*126% *126%,*12630
*127
*127
127 *121 *121 *121% *121%j*121%
coup. Q.-Jan.
try were obliged to pass their dividends in periods of sharp 4s, 1907
6s, cur’cy,’95
reg. .T. & J. *121
*123% *123% *123%
*123
*123
J.
&
J.i*123
competition.
So the anthracite coal roads have a com¬ 6s, cur’cy, ’96 reg.
-125% *125% *125%
*125
*125
&
J.
*125
J.
cur’cy, ’97
reg.
*127% *127%; *127 34
*127
*127
paratively narrow field of operations, and where so few 6s,
J.
&
J.
*127
6s, cur’cy,’98
reg.
*129
*129% *129%[*12934
*129
&
J.;*129
companies control the production and transportation of 6s, cur’cy,’99—reg. J.
a necessary
article like this,- it is argued that combination
This is the price bid at the morning board; no sale was made.
will probably be able to keep prices up to a point that will
State and Railroad Bonds.—State bonds have been moder¬
permit them to earn dividends on the capital invested.
Heretofore one great obstacle to such combination has been ately active, though the transactions recorded have been
the weakness of the Reading Company.
mostly in small amounts.
Virginia 6s deferred have been
Railroad warnings are keeping up well, though the compari¬ somewhat more active than the rest at advancing prices.
sons are now made with a period of large earnings in 1886.
The business in railroad bonds has been broadening per¬
The open market rates for call loans during tlie week on ceptibly, both as to the total amount recorded and as to the
stock and bond collaterals have ranged from 3 to 6 per cent, number of different classes dealt in.
The market continues to
To-day show a very healthy tone and the course of prices has been
the usual rates to stockbrokers being 4@5 per cent.
Prime commercial paper is almost steadily upward. No violent or specially marked
the rates were 4@6 per cent.
advances have been noticed, but a gradual improvement in
quoted at 5£@G percent. r
The Bank of England weekly statement on Thursday showed nearly all classes has characterized the transactions.
In addi¬
a loss in
specie of £54,000, and the percentage of reserve to tion to the prevailing demand for good bonds for investment,
liabilities was 47'72, against 47*11 last week; the discount there Infs been an increased speculative demand for many of
rate remains unchanged at 4 per cent.
The Bank of France the lower-priced bonds, encouraged by the activity and
lost 6,600,000 francs in gold and gained’50,000 francs in silver. strength of the stock market.
These speculative classes have
The New York Clearing House banks in their statement of consequently been very strong and show the greatest amount
Nov. 12 showed a decrease in surplus reserve of $1,199,150, of improvement.
the total surplus being $8,587,400, against $0,786,550 the pre¬
Railroad and Miscellaneous Stocks.—The stock market has
vious week.
at last shown a disposition to respond to the favorable condi¬
The following table shows the changes from the previous
week and a comparison with the two preceding years in the tions; after weeks of bull talk, during which prices have been
making occasional spurts upward without any general or im¬
averages of the New York Clearing House banks:,
portant rise, we have this week had a more genuine, though
moderate, bull market.
Speculation has been active, and the
1885.
1886.
1887.
DiJTr'nc'8 fr’m
14.
been
strong throughout ; re¬
Nov.
tone
has
almost
uninterruptedly
Nov.
13.
Prev. Week.
Nov. 12.
actions have occurred, of course, but the setbacks have not
$
®$4 86
The Money
—
■a
—
*
1
,
=
*
$
$
423,300 341,946.800 340,369,100
74,801,700 Dec. 2,285,000 78,065,200 92,796,300
9,952,000
8,1 16,100
12,400
8,036.300 Dec.
380,234,200
351,719.400
Dec.
2,494,600
H350,268,800
28,757.400
22,8; 2,900 Inc. 462,200 17,816,000
95,05«,550
87,929,850
Deo.
623.650
89,067,200
97,654,600 Dec.1,822,800 95,821, 00 121,553,700
$
Loans and disc’ts. 351,937.300 Dec.
Specie..Circulation
been of sufficient importance to overcome the improvement in
prices which has taken place.
The movement is the more
significant as indicating the existence of a generally strong
have
good demand and a feeling of
lield
confidence
the
bull
side
of
the market, and this feeling has
7,891.350 26,495,150
8,587,400, Dec. 1,199,150
Surplus
been strengthened by the rapid rise in a few stocks which have
received special attention.
The improvement has been quite
Exchange.—The sterling exchange market has been dull
general, however, and one of the features has been the activity
most of the w*eek, though quotations have not fluctuated much.
and prominence of many stocks which are usually not much
It is, perhaps, a little singular that rates were not reduced, as
Net
deposits
Legal tenders
Legal reserve
Reserve
feeling, inasmuch as no
special news or developments
been used to influence prices.
almost entirely the result of a
On the contrary,
it ha9 been
on
favorable to lower
stocks here for for¬
a fair supply of commercial bills and the lack of
nearly all the week the influences were
prices, including quite an active buying of
eign account,
an active demand.
These conditions have been somewhat
changed, however, in the latter part of the week, when the
market has been much stronger.
Rates have not varied much,
and the posted rates are still the same as a week ago—4 82 (&
82^ and 4 86@86*.
To-day the rates on actual business were as follows, viz.:
Bankers’ 60 days’ sterling, 4 8H@4 81 f; demand, 4 85^@4 85|.
Commercial bills were 4 80£@4 80|;
Cables, 4 85|@4 86.
Continental bills were: Francs, 5 24f@5 25 and 5 22£@
5 23|; reichmarks, 94 ll-16@94f and 95£@95 3-16 ; guilders,
39|@39£ and 391(^40.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
noticed.
sign has been the reported increase
parties outside the circle of those who see the
Another healthy
in orders from
than it has
AmoDg the special features Reading has been prominent;
the transactions in this stock have been heavy, and the price
has been rapidly advanced.
The other coal stocks followed
Reading in its advance and have been very strong. Western
Union has attracted attention on account of its strength, and
it sold at the highest price of the year.
The rise in thi9 stock
assisted by the report that it had at last been listed on the
London Stock Exchange, but this was subsequently denied.
Wheeling & Lake Erie was one of the specialties that rose intosudden activity.
All the different groups, including the
coalers, the grangers, the Vanderbilts and the Gould stocks,,
tape daily, and the
been in months.
commission business is better
was
have
responded to the general
improvement..
666
THE CHRONICLE.
[VOL. XLV,
STOCKS-PRICES AT N. Y. STOCK EXCHANGE FOR WEEK ENDING NOV.
18, AND SINCE JAN. 1, 1887.
HIGHEST AND LOWEST PRICES.
Saturday,
Monday,
Nov. 12.
Active KK, Stocks.
Atlantic <fc Pacitic
Canadian Pacific
10%
53%
57%
7534
Canada Southern
Central
of New
Jersey
Central Paeilic
Chesapeake & Ohio
Do
Do
*31
5
3*4
Chicago Burlington & Quincy.
Chicago Milwaukee &St.Paul. !
Do
Chicago & Northwestern
Do
130
10%
53%
08
76
31%
5
3*4
130
10%
10*4
54
57%
76%
*30%
*4
3
130
109% 110%
114
pref.j
40*4
I
igoi
Do
40
,*107%
ClevelandOol.Cin.&Iudianap. *53%
Columbus Hocking Val.&Toi.i
25%
Delaware Lackawanna <feWes!
Denver*te Rio G., assessing pd
Do
pref.
East Tennessee Va. & Ga. R’y.
Do
1st pref.
Do
2d pref
Evansville & Terre Haute.
Fort Worth <te DenverCity
Green Bay Winona & St. Paul.
129%
2334
*58%
1
16
63
ass.
<te Pembroke
24
59
•
3*4
16
Missouri Kansas &Texas~
Missouri Pacific
Mobile & Ohio
10
118
15
35
16
131
63
24%
24%
90
92
49
*48*4
48%
9
9
91
91
|
15
33%
33%
16*4
48*8
96*8
*32
16
92
92
61
*40
60
*40
101
50
91
87
106
10
18%
89%
Nashv.ChattanoogatteSt.Louisj
New York
%
18%
89*4
*10%
61%
45
101
50
91
87
107
10
90
117% 118
15% 15%
15
21
18%
90
34
47%
95%
90%
*86
19*8
89%'
Texas cte Pacific, ass. paid
Union Pacific
1
Wab. St. L. cte P.,P. Com. rcpts 1
Do
pref. j
Wlieeling cte Lake Erie
mixceiiasteouN
Stocks. 1
60*4
60*4!
j
59
85
86
1
59%
*85
90
90
9% 10%
117% 117%
16
*32
16
34
16*4
.
.
.
.
10
22*4
20
91%
91
92
89
88*4
107% 107%
10
10%
22% 24*4
1934 20%
91% 92%'
*10
78%
108%
17
30
30 34
67%
42*4
79
29*« •2934
30% 31*4
68
68*8!
•12*4
16%
43%
10
10*4
32%
16%
32%
43
22
4234
21 %
45 *8
33
16 34
44
22 *4
16 34
10
45%
25%
20
23
70*8
26 4
60*4
87
37%
16%
25 *•>
20
22%
69%
20%
01
*\r 5
10 'b
37%
130
Pullman Pal
10%
*23
25
20*2
9213
80
80
215s
933s
142
110
68
131
75
....
32
17
32%
43
4334
22%
23%
47*4
25%
2 i *3
23%
71%
27's
02%
79% 81
4,£00
108*2 109
7,285
17
17*2
5,445 j
29
2978
2,200;
304 305s 181,758
68
68*2
3,350i
424 427s 63,795!
167s 175s
3,115
*934 10
5,120;
324 32*4 10,17oj
17
17
1,270
43
433s 22,901
234 24%
5,620
4G7s 47*2 28,595 j
.1
254 ~'o J2
5,600
203s 21 j 33,680!
23
23*s
4,9601
70*2 715s 456,565;
2G7s 27*2 116,115
61
613s
5,750!
88
*87
108*4 109
*17
17%
29% 30
30*4 31
6734 68*4
42% 43%
16% 16%
9% 10*8
17
70%
27
01%
88
37
*4
72
110
00
37 *-4
73%
113
66
90
373s
72
113
109
110
20 %
27*3
ioo”
53 %
51%
26*8
53 *2
17
17%
17:*s
31% .32%
32%
49*8
48%
50:‘s(
3^
7 0 *2
38%'
70%
65*2
109
29%
8334
50%
May 23
Apr. I
Apr. 21
13
Sept. 20 24% May 16
3934 Oct. 17! 61
Apr. 29
89
Oct. 14; 98% June 30
85
Sept. 20; 99% May 14
54*8 Oct, 13 70% Apr. 14
30*2 Sept. 2*.
6734 June 11
93% Aug. 31 161% Apr. 20
45
Oct. 19 64% Apr. 5
80
Aug. 1 95% May 19
66*2 Jan. 6 94% May 18
98
4 119
Jan.
May 18
8% Oct. 14: 20% Apr. 2
18*2 Oft. 14; 48% May 31
17
Nov.
1! 34*4 Apr. 9
8434 Nov. 1112
May 19
_
97s Oct.
6834 Oct.
10134 Oct.
14 sept.
26*2 Sept.
24*2 Oer.
59
Oct.
34% Oct,
14 % Oct.
7% Sept,
24*2 Sept.
13
Oet.
34*2 Oet.
20
Oct.
413s oet.
21
16
Oct.
Oct.
145
140
110
109*8 HO
08
131
*65
68
12S 34 128%
74
74
10
*1 49%
42,105
82.506
8,1 5e
19,255
32,795
19%
19%
*3%
*534
*14%
IS *8
14
14%
*14
16%
17
6%'
35%
15
9%
87 >3
31%
*15
3l%!
745s)
J
-75
0
*5%
145
74%
11
140
76
4*4
* O
30%
*9
H35
*3*4
6%
150
i)io
74*s
73*2
......
9%
6
30
3534
15%
17%
4*4
6*2
15
20%
75
15
17%
150
10
20
Feb.
44
Oet.
*25
*35
35
17
30*4
31*4
313s
74%
33*2
75%
Jan.
Jan.
8
3
May 19
May 16
May 18
Apr. 12
May 23
Mar. 29
13i 20% Jan.
3
20: 14
Feb. 14
211 38% Feb. 14
17; 233s Jan. 3
15 55% May 16
121
is!
34% July 18
63% May 19
17; 32% Apr.
4
42
3; 35% May 23
6334 May IS
17 i
1
20
20
223s Mav 6
38*4 May 18
63% Apr. 18
53*4 May 19
89
May 19
21! 105% Apr. 18
261 5434 May 31
13:105% May 19
21
58% Apr.
20 115
Feb.
7
9 159% May
2-1 i 81% Nov.
23
17
225 106
245 62
33 120
4 152
A uar.
20 118% May
Feb. 17
76
Aug.
Sept. 20 137 June
117
Oct
530,
139% Jan.
70
Sept.
14*
7% Nov. 16
140 130
600 66
700
3
650
4%
100 11 *2
1,107 18
170
75
Oet.
27
Aug. 31
Sept. 19
S?pt. 19
Oet. 20
8% Nov
500|
4*2 Oct.
23
Oet,
30
Jan.
1.700
8
5
14
31
6
74*4 Nov. 18
Jan.
19
7
155
May 16
Feb. 19
104
Jan. 13
7
10*4 Jan, 14
22
Apr. 9
20*4 Nov. 18
Nov. 11
Nov.
Nov. 11' 77
700! 103s Oet. 17( 22
May
Jan.
Nov. 10 31
2,G00| 12
100 145
Jan. 10,155*4 June
3,141!
17
1<
3
17
9! 10*8 Nov. 18
8% Jan. 10
13j 35 May 14
8
45% June 6
121
32
Hi
29 *2
30%
Feb. 12
Sept. 191 25
Sept, 10; 17 Jan. 7
2,000, 85*4 Nov. 14 i 87% Ncv. 1/
Oet. 101 50
Apr. 27
31,345; 22
300.
9
Jau. 11
Aug. 30 18
19
54*4 Jan. 14
1%440 I 21*2 Sept.
32%
32%
27,360
74
75*2'q,T2j,ooo\ 54
15%
87*2
2,850
1,300!
9*o
87%
33%
13; 76
17 j 66
1;
Sept. 21,
5%
30
36
17
19%
88%
114%
201 20 34
21 i 37*8
14
35%
14
14
13*8 Feb.
23% Feb.
10%
5%
15
13! 35% Apr. 7
17*2 Sept. 21! 39% Mav 25
1
34
Fen.
71% Nov. 16
20% Sept. 21
53
Jan. 17
43
2(.)! 87% Jan. 17
Sept.
•
140
109
*65
127
Apr.
Oet. 18! 95. Jan. 17
Jau. 27| 44% May 26
5,819' 61*2 Feb.
21 81% May 26
100' 107
Oct. 13 120
June 2
1,775; 55 Oet. 14i 95 Juno 20
412’ 99
Aug. 2 11!34 May 23
2,200 9434 Oet. 17 120% Mav 27
74
113
54
19
May
825; 75
2,200; 80
373*
65*2
103% 103%
1
no sale was made at the Board.
944'
2,565
1,460
17,907
95,845
4
21*2 Feb.
62%
7% Sept. 21 17
114
Oet. 18:138
12
Sept. 20; 27%
2834 Oct. 17| 47*8
37*2 38
12,900 30 Sent
76*4 76*21
4,485 67
Sept.
101% 104*3 101% 103'% 10434!
9,192 96*2 Sept.
-10 %
40% ■11
40*2 40%;
2,135| 34
Aug.
91 %i
90
90 34
90% 90 34
4,795 79*8 Oct.
o7
38
! 37
38% 22,005 32% Sept.
99
95
95
520 8934 Sept
137%139 j 139*2 141%
3,210 1136 Nov.
60% 8 1
'8( 80*2‘ 81*2 190,827; 67*2 June
14
asked;
108
10%
*12
23*4;
*13
the prices bid and
1,210
79,700!
300!
2,523;
600
14
23
Car Rielits
are
9334
20%
Quioksilver Mining Co
These
20%
92%
..
Do
pref..
Bt. Louis Alt. cte Terre Haute..
St. Louis Ark. cte Texas
South Carolina
Whitebreast. Fuel Co
Columbus cte Hocking Coal...
New Central Coal
Tennessee Coal cte Iron
1
"■z't J4
Various Stock*, Ac, (U11I isted.)
Amer. Cottoa Oil Trust
;
31
Pipe Line Certificates
i
734
1,560
I»l25j
*74
.!
9
7
7
88%
20% I
Baltimore
Oregon Short Line
Pitts. Fort Wayne cte Chic
3
Apr.
4,225;
25
Ciuoin. Ind. St. Louis cte Chic
1
Jan.
91
9
134
Do
pref.
Mexican Central
N. \\ Chic, cte St. Louis, new
Do
1st pref.1
Ohio Southern
;
»>2
90
J,
142
108
68
128
Oct,
5,060
52,320
•88%
3
Sept. 201100
870
96 ®s
92
62*8 63
40
40
101
103
Jan.
82% Jan. 13
18
1,342;
34*2
17
Sept.
80
7,720
15
108
433g A pi. 12
9*2 Jan, 8
17
Jan. 13
11% Jan. 20
1,765
96%
45%
.Minnesota
cte
15
34
9i8 Oct.
52
3,0551
24
21
64% May 19
86% Apr. 13
68 3g Jan, 13
10.856
105s
40*8j
Chicago cte Alton
Cincinnat i Wash,
91
48 7b
10*2
10*2
*11
71%
2734
6134:
5,862
3,547
484
25 %
39
24
59%
123s
65%
2534
164
24
80
108*4 108%
16% 17*4
42
HO
55
26%
134*8
48
96 4
92
42
91
144
116*8
154
41*2
97
42
15*4 June 13
49
Oet. 17 156 May 17
Oct. 17 95
May 18
Oct. 17; 127*4 May 17
Oct. 1?! 127% June 7
820,137% Oct. 171153*4 June 7
3,735 109
Nov.
1 14 0%
May 17
837 i 1234 Sept. 21
22
Apr. 22
2,407 35
Jan. 2<
52% Apr. 22
13,095 34
Oct. 17
54% May 17
560,100
Oct. 17 118%June 7
3,225, 474 Oct. 17 68 Apr. H
7,935! 15 Sept, 19 39% Jan. 11
167,023 123*8 Oct. 14;139%June 1
1,300 20*2 Oct. 14 32% Apr. 14
3,818 527s Oct. 14 683s June
4
17
103% 103%
50% 50%
91% 92%
89
89*4
108
108%
1034 10%
9*2 Oct. 14
49*2 Sept. 20
1,120 j
133*2 134
3,307;
123%
77 % 7858 269,720
9,72<< j 69 58
114*2 114*2
I»l67j no
11256 113*8 55,52111044
48%
92
102% 103*8
625
8 0
'842
48
62%
:!7, j
130
33%
16%
Highest
July 30
55*8 Jan.
3
28*2 Oct. 14
2
Nov. 11
4
Nov. 11
3
Nov. 11
26,855
117*8 117*8
16%
34*4
62%
j
Inactive stock*.
American Tel. cte Cable Co
118
92
■
Wells, Fargo .teCo
118
16
37.130
6
43s
91
10%
62%
W
,
10*4
4,355
1,370
79%
31%
34
3
6
4
”4 84
61%
48
88
36
3534 35%;
35%
30% 30%
'“G
71
71
! 71
71
71%
i
72 *-->
>4 72%
10
115
113
*110
113
113'"!
;* l 1 lr
*111
05
05 *0
65
65
6 1 % 64%
64
05%j
02
105
101
103
*102 % 104
101
*103
!
1 1 % 111%' 11 1 % 11 1 %
111 %
110% 111% *110
24% 25
25
20
,
25% 26%'. 20*4 27%;
50:*k ;>1 %
51 %
53 ’3
53 *s
52% 54
5-1%;
10% 10%
1 0% <,10's
.11; % 16%’
17
17 %!
29% 29*4
30:,s 30%'
30% 30 ‘s
31% 33>i
45
4 5 *e
46 %!
40*4
45% 47
46% 4 8%
•
90
48%
61%
-j
cte
90
*48*4
93
Colorado Coal cte Iron
.>,)
!...>
37
37
38%>
38*8 394
Consolidated Gas Co
!
74% 74%, 74% 76
7 5 *2 7 5 34
Delaware cte Hudson Canal...! 103
103 *8 j i 03% 104*8 103 4 101*8
*38
Oregon improvement Co
99%
39
39
39**8 39*2
Oregon Railway cV Nav. C0...1 *90
90
904 90'4
90 34
Pacific Mail
314 oo*U
354 364
35% 30%
Co.,
Nat.
Philadelphia
Gas
1
x97
98
*96
99
Pullman Palace Car Co
!*135% 137% 136*s 136*8 137*2 137*2
Western Union Telegraph
7 8 r,8 79%
j
78*4 78r,s
78 78 79:*4
i£xpire*g Slocks,
Adams
JM3S
111
141*2
American
'*108
1084 1084
United States
*07
69
69
Cedar Falls
*
93
*10
59%:
115
95%
88
18%
89%
3134
96
92
106% 106%
10
22
31%
34
16*4
48%
96%
101% 103
21*o
77%
45
77
78 i
79
79
78*4
Central <te Hudson. 107% 107% 107% 108
107%
New Y. Chic.vte St. L., assent’d!
16% 16%
16*4 16%
16%
Do
30
29% 29%
30
*29*4
New York Lake Erie & West’ii
j 28% 29*4 29*4 30% 29%
Do
65 %
66
65%
67 34
pref.;
6634
New York & New England...'
41
40% 41 *4
41 34
41%
New York Ontario <fc West..
15% 15% *15% 16%, *16
Now York Sueq. & Western
9%
9%
9% 10%'
10
Do
31 *4 32
32
pn
31% 32*41
Norfolk & Western
! *15% It) *4
16
Hi
| 16
Do
42
42%
pref.
42*4 42%l
42*4
Northern Pacific
21% 21%
21*2 2134
21%
Do
4 434
pref. i •14 % 44%
45*4'! 45*8
Ohio <te Mississippi
24 >4 25*4'
.*....
25
23% 21*4
Oregon a Trans-Continental.
18% 18%
18% 19 >4 j
19*4
Peoria Decatur cte Evansville
23
23
23
23%! 23
<6 %
6 8 *4
Philadelphia cte Reading
68% 70%: 69
Richm’d cte WestP’ntTeriniual!
25 4 2‘>34
25% 264!
253*,
Do
prelt
Rome Watertown 3 Ogdensb’g!
St. Louis cte San Francisco..
Do
pref
Do
1st pref
Bt. Paul cte Duluth
Do
pref
;
8t. Paul Minueap. cte Manitoba
16%
47%
59
79
Lowest.
Shares
114
55
59 %
54*2
1154
112
112% 112% 113%
143
14334 1444 1414 143
115 % 116
115*2 116
110
15
15 *4
15
153s
154
41
41% *414 4134
4138
42
41% 42%
425s
4134
*108
109% 110*2 110*2 108*2
55
55
55%
4 56
54*2
26*4 2634
26% 27
26%
132% 134
1334 1344 133
23% 2-1%
24% 24%
24
59% 60%
59% 59%
5934
11% 12%
12% 12%
123s
63
65
65*8
65%
60*4
2-1% 25%
25*4 26
-25*8
15
63
47%
95%
91%
76
114% 115
*11
60
so
6
54
3%
3%
1324 1354
76% 78%
132
Range since Jan. 1, 1887.
Week,
Nov. 18.
11%
54%
*2 34
3
*3*8
11%
16
47%
95%
59%
79%
31%
130
59%
11%
*48*4
*8%
58*3
78%
5459
58-4
78%
31%
*3
130
15
934
117% 117%
46%
95*8
8S%
15
*
tfc Nashville
59% f 9%
Louis. New Alb. <te Chicago... *40
45
Manhattan Elevated, consol..! 101% 101%
Memphis & Charleston....
*90*4 91
*86% 87
Do
105% 105%
10% 10%
i) ref.
114*4
11
55
5
111*4 112%
142%143
114% 115%
145
10% ■11
5
Friday,
Nov. 17.
54 %
31
3
*4
2*4
130
Nov. 16.
10%
53%
50%
78%
31%
2% !
4034 41%
4034 41%
108% 109
54% 54%
26
26*4
132
133*4
24*4
59
5938
1134 11 a4
62% 63
24% 25
59
48%
*33
Louisvilii
Do
57%
76%
*30%
40%:
40*4 40 34
40%
40% 40%
108% *107%
54%; 54*4 54*2
27%
25% 27%
130% 130*4 132%
*47%
*117
j*l
17
pd.. j *14
Long Island
114
*14*o
24%
*9%
Lake Erie <fc Western
Do
do
pref.
Lake Shore & Mich. Southern.
114
11%
03%
24%
.
Illinois Central
Ind. Bloom. & West.,
58%
77*4
31%
2%
10*4
53%
110% 111%
pref. .*142% 143% *143
Do
Nov. 15.
54
Sales
of the
Wednesday, Thursday,
7-1*4 74%
74% 75*4
7434 75%
pref. *112% 113% 113% 11434 *114
114%
1
!
Kingston
Nov. 14.
2%
1st prof.
2d pref.
Tuesday,
,
STOCKS.
87%
32%
17
f Ex-dividend and
privilege.
10
7
23% Oct,
July
11
28
64% Jan. 3
75% Nov. 17
November 19,
RONDS AT N. V. STOCK. EXCHANWE, AND RANUE
BONDS-LATEST PRICES OP ACTIVE
Railroad Bonds.
Xov. 18 Xov.
234 Oct.
Gnar., 48,1037
! 82V>J 83
| 80*4 Sept.
CaD. South.—1st guar., 5s, 1908; 10(54a.jlOG4
j 104 Sept.
03
j 91%»*.| 87 4 Sept.
2d, 5s, 1913
Cen Iowa—l8t,7fi,’99, conp. ofl|
-J 80 Aug.
Central of N. J.-lst, 7b, 1890..106 b. 1054b. 1044 Aug
Consol.7s, 1890,assent
;114 a.|1134 1074 Jan.
Convert. 7s, 1902,assent
413 b.jll4
100 Jan.
7s,
I.IO.C4 Jan.
Adiust.
190*3
b. 112
Convert, del). 6s, 1908
116
b.|S378Jan
99
Sept.
100
I 95
95
Sen
nmid
99
Atl &
Pac.—V7. D. inc., 6s,
19101 284 i 26%
100
re7i A W.B.,con.7s, 1909,aa’nt 111%
1024
Ain. Dock A Imp., 5s, 1921. .. Tno1116 b.
Central Pacific—gold 6s, 1898..
Interim bond
t..+1,1
certificate
Joaquin Br. 6s, 1900
Land grant Os. 1890
dies. A O.—Pur. in. fund 6s, '98
6b, gold, ser. B,1903, coup, oil
Exten. coup., 4s, 1986
Ban
6b, currency, 1918
Mort. 6s, 1911
Ches. O. A So. W.—5-6s,
110%b. 109
1014b. 99
11578b. 1134
110
b. Ill4
b.
<
14
14
89 a.! 89
101 i3b.il 01
103 a. 101
102 %
1034
92
v--
1911 ...
Cliic.Bur. & Nor.-1st, 5s, 1926.
Chic. Burl. &Q.—Deb. 5s, 1913.
'
b.
Ch.St.L.A Pitts.—1st,con.5s,’32i 98
C. C. C. A Ind.—Geu. Os, 1934
; 105
Col. Coal A Iron—1st, Os, 1900.. iluo
Col. II. Val. A Tol.—Con. 5s, ’31i 72
CU* p>
Geu.
DiU % UDj
6s, 1901
gold,
Denver A Rio Or.—1st,7s, 1900
1 ot /-An
Ja
I|
1st con. 4s, 10Nfi
1936
Den. A: R. Or. W.~ 1st, 6s, 1911.j
954b.
9*8
76*2
694
V
^
b.;
:
i
^
73
75 b.
I 69
Assented
Den. bo. Pk. A Pac.—1st, 7s,’05; 77 b.
Det.Mae.A M.—Ld.gr.34s,1911 35
E.Ten.V.&G. By,—Con.,5s, ’56| 967s
Eltz. Lex. Ac B. Sandy—6s, 1902. 97 a
Erie- 1st. consol, gold, 7b, 1920 131 b.
l).
684
June
100
81
Sept.
Sept.
70
64
68
29
Feb.
May
Mar.
June
Mar.
June
Jail.
754 Jan.
Jan.
32
100
Feb.
1084 June
99
Jail.
1034
1224
130%
1194
June
Jan.
June
June
109
108
Jan.
•
Mobile A Ohio—New, 6s,
1927
1st, Extension, 6s, 1927
lstpref. debentures, 7s
Jam
Jan.
Sept.
Mar.
Mar.
Apr.
1247s May
l).
Apr.
J n.
Feb.
Oct.
Alar.
Consol., 6s, 1922..
10-40,68,1924
i
ou.N. A. A rh.—lit. 6s, 1910.1111
Consol., gold, * s, 1916
1 5*2
I 98
109
Jam
Jam
2d, income, 5s, 1925
7s, 1894.
j 924 ; 90
A llg. 107
CliTstou—6s, gold, 19244024b.402 1). ICO
Sept. I2O4
117
b.
1164b. 113
etro. Elevated.—lnl, 6s, 1068.
1064b. 107
106 Sept. 113
2d, 6s. 1899
Feb. i 75%
7<>
b.i
51
exiean (Jem.—New ass. 4s
22
4- S —
Incomes. 3s, 15)11
224-194 Sept. j 77%
icli. Central—1st, com, 7s, ’02424^b 1244
124 Nov. 131
iss’liPac.—1st, cons., 6s, 1920 1104a. Ill
405)% Nov. 419
eim A
126
105
6s., Cl. A,19
6s, Class B, 15*06
6s, Class C. 1906
Gen’l mort., 6s, 1931
I
!
.
A abania—Class A 3 to 5
Class B, 5s
1
1906
Bid.
1054 107
1906 106
Class (', 4s
1906 100
6s, 10 20
1900 103
10
A-kansas—6s, funded.. 1899-1900
19
7s, Little Rock A Fort Smith, iss.
7s, Memphis A Little Rock, iss..
7s, Arkansas Central RR
Georgia—7s, gold
1890 104
L tuisiana—7e, cons
1914 100
92
Stamped, 4s
M lehigan—7s
1890
Ask.
1 (iO It.
! 144b.
So. Pac., N. M.—1st, 6s, 1311. .
Tex. A Pac.— Inc. A Id gr, 7s. ’15
Rio Grande Div.—6s, 15)30 —
Gen. mort. A term., 6s, 1905..
Tol. A. A. A N. M.—1st, 6s, 1921
105
Fel).
Oct.
j 77
284 Apr.
opt. llO^B Feb,
.
I
94
5*4 %
b.i 109
116%
1927—
Chicago Divison—5e>, 15*10
MayApr.
1st, St. L. Div.. 7s. 1889
2d, extended. 7s. 1893..
«...
7s, 15)07
[real West.—1st, 7s, 1388
2d, 7s. 1893
Com, conw,
Apr.
Apr.
Apr.
Feb.
4 14
Feb.
120
117
Jan.
May
Apr.
Mar.
May
June
Apr.
Jan.
Apr.
Apr.
May
May
May
Jan.
Apr.
Ju»e
Feb.
Apr
June
A pr.
Mar.
Apr.
1124 May
N'nV.
Oct.
l<M4SM;tr.
P 84 Apr.
75
Apr.
Oct.
.1 111 V
Aug.
116
June
Sept. 1124 June
10S
48
Nov.
Oct.
Jan.
June
Apr
Jan.
Jam
Mar.
Jan.
Jan.
Apr.
115
112
1 10
tl
1
5)2
111
b. j 02
410
b. ]0. b,
b. 1 Ob 4
4 15
ioi
105% j : 5)
904 1 5)5
93%
i 95
8 i
81
•
75
a.
50
b.
45)
564
103
100% | 89
82
h7 20.
934
112
in 1 J 1 % in 1 1 0 %
111
111
l>. 106
1
96
9;, bp,.
90 ),
84
b. 8)
1112 b. no
112%
9.t %b.
5)1
It.! 934
109
1104b. 1104
1004
D 04
1 5)7
11021,.
June
115
S, nt.
a
92
It. 101
41141)
June
May
Aug.
j
b.
112V,.
Virginia Mid.—Inc., 6s.
Apr.
964 May
i
Sept. !
-
417
Ml
113
M it.
.1 ell
115
112
410
S-2 t.
;
Oe
.
July
Apr.
Juno
164 Feb.
Hi '*
! 784 May
Sc;tt. i 72
Apr.
Joe. 400
May
Oc*. i 1094 June
< )ct.
i i 12
Fein
.
99% Jan.
5) 75s June
4 !5‘% Mar.
atoi.
K 34 May
Jam
Feb.
S. j*t. i 20
Oct.
Oil.
;
1 i 5
May
115
M ar,
1 17% Apr.
Scot
SOI
!,
N(.v.
J\
0
109
V.
1 <
< )c
OH.
Jam
Apr,
>7-4 Jam
99
90
A ?'*■,
Jan.
Apr,
0.0% 51 ay
104% May
Mb.
A ’. 1 g.
Jau.
,
*
97
May
i 1 * % May
116
May
< a-:.
103
99
Jo..
1174 May
Nov.
107
Nov.
51 ay
May
5! ay
111 % July
191:% JU) e
M. r.
8* pt.
from actual sales.
3SON2JS.
Bid.
i
6s
1921
47
Tol
May
Special tax, Class 1
Consolidated 4s....'
......
I
15
8
1892-1898
Chatham RR
93
Jam
106
69
87
107
694
113%
lll'-jb
June
New bonds, J. & J....
Sept.
b
1- 3Mb. 10.82
1 1 I 4b. 1 IO
108
l>. 1 0.9 %
I). 10s
17 4
l 43
! 5i%
!
68
66
l».
58
i 62
60
b. 6,6
8 • %b.
i 90
85)
102 a. 10 i
i>. ] 00
j 73 b. 7 1 l)| 7 < *
•)32b.
5)1
j
1910
1919
-
1
Ask.
Bid.
1
Rhode Island —6s, coil.. 1891 •HH; 115
5%
South Carolina—6s, non-ium 1.888!
181*3 106 4
Biown consolidated (is...
185)8* 59
69
15)12
Compromise, 33
1913 100
New settlement- -6s
15)13
3s
1(>
10
12
95
99
119
SECURITIES.
Ask.
104
109
!
100
15)31
Asylum or University, due 1892 110
105
!
1894-1895 115
Funding
107
l New York—6s, loan
1892
!
6s, Joan
1»93 118
35
North Carolina—6s, old
J&J
10
”24" 1 Funding act
1900
15
Jan.
1110
1244 Ocr.
1 ('6
A pr.
M ay
4084 hob.
a.
9 74 Sept. ; 19!4 June
;
1044 Jam
Jlllv
10‘_4 4oO
118
a pr.
iii
i>.; 1104 Jam
121
Mar.
1 5
\,. 1124 Oct.
116
It. t M 4 Soot. 120% May
Fob. 4.01 4 31 ay
5)8 4a.
9'
5.2 bit.
op 2 Nov. ! i 05)
May
3 L4b.: 32
May
Scpr. i 55
!H%bJ 5)5 ()<*r. 1 (>74 Jam
80
i 65
Jam
Mav'
784 Jan.
13
13
U.
Sept
lit
It. tol
,
SECURITIES.
]
1113%
I........
Tol.A. A. A Gr.Tr.—1st, 6s,
Tol. Pcor. A West—1st, 7s,
May
......
115 b.
2d, 6s, 15)09
i; 16 -21,.
1st cons
6s, 1933
Do
reduced to 44s | 98 4a.
97
0.
Shenandoah Val.- 1st, 7s. 15)05
! 36 %
Gen’i mort., 6s, 1921
! 94
b.
So. Carolina—1st. 6s, 1620
STATE
SECURITIES.
! 99
.j 1167s Sept. 1123
4
! ’ 90 %b.
102:{sl».
415 Nov.
Jan.
Pac. of Mo.—1st, 6s, 1888.... 4014b. 102%
100% Aug.
2d mort., 7s, l8nl...;
|
I
,1054 July ill<>4 June
Note—The letter *• b” indicates price tucLaud “a” price asked] all other prices and tue ruugj are
3d, 7s, 1906
lO5^ June
1334 Apr.
'97% j 5)54 Sept. 11024
4; 4
! 3 > s pr. 1 55%
108 %! *. 107
Sept. 4 15
j 10‘)
40!) 1). 110
1 (••!)
May 4 114
5)0 %b.
S!) i.» * <t. I 5)5>
; 91
b.
1 12 4b 110 41,. uni
Sept 4 15 4
11(^1 Nov. 4 17
4i2%W
110 b. 110 2 Nov. 117%
j
St. L. A San Fr.-
Inc., 6s.
Mar.
1014 May
Jam
Jan.
2d, M., prof., 7s, 1894
2d., M., inc., 7s, 189 t
Dividend bds, 6s, 1894
St. L. Ark. A Tex.—1st, 6s, 1936 j 98 1*.
1 44%
2d, 6s, 1936.
103
Apr.
4154 May
Sept. I 95)
.
Sept,
1
Oct.
i>. 1 15 4b.: 1 14
114 4'). 1144
i)08
109
lot)
ho;4
!H
102%b. 101
9738 i 92
j 97%l>.
I 60 a. 4 5 b.- 05
i
113
(, %13
440
a. 1082b. 10.7
103
103
30 b.
33
I
St. L. Alt. A T.H.—1st,
„
j
b/112
89
'
Mar.
416
6s, 1925
Apr.
Apr,
Aug. 4 07% Apr
May
Sept. 437
•
St. Jo. AGd. rsl.—1st,
Jan.
131
Sept.
1
..
Jan.
Apr.
Apr.
Apr.
764b.
’21 115% 415%
Debenture, 6s, 1927
Loch. A Pitts.—1st, 6t
..
._
b
Jan.
Sept, | 80
j 106 b.
112PU. 112
'
..
b. 126
1
Oct.
May-
664 Mar.
99
b.
99%
j 5)5) A 1 ’ g. 4 06
Consol., 5s, 1925
5)1% 1 5))
Sept. 1«144
Oregon A Transoom—6s, 1922.. 5)4
Nov. 1154
!l(i!)
Peo. Dec. A Evans.—1st. 6s, *20. 11 14a. 109
412
a. 105% Oct.
b. 101
Evausv. Div—1st, 6s. 1920... 106
59
I 65% Oct. "j 77
Rich A All.—1st, 7s, 1920. tr. rec ! 60
.
v.„
40
..
Jail.
:
Long Dock, 7s, J.893
1124b.
112
Mar.
Con. 68,1935
114 a. 115 a. 115 Jan.
N.Y.L.E.AW—2d con. 6sf 1969 1014 ilOO
; 93% Feb. 1044 May
Funded coupon, 5s, 1969. ..j
[ S44 i 8 14 Oct. j. 954 May
Sept. i 98 4 May
! 78
X W. ADenv. C. -1st, 6s, 1921 f 84
Oct. ,1094 MaV.
lal.IIar.A San.Ant.—1st, t>s,’10 109 b.ii03 b. 105
a.
Jan.
105
Juno 111
a.iHO
2d M.,7s, 1905
410
100 4 Jan.
914
Oct.
-.j
West. Division—1st, 5s, 1931.
94
!
924 Feb.
..!
: 924 Jan.
2d, 6s. 1931...:
109
Mav
99
97
Oct.
b.,
b.
Ir’n B. W. A St.P.—1st,Us,1911 99
I 35
: 28
Oct. s 53
May
2d income 8s, 1911
J 37
!
118
Aug. 125% J line
lulf Col.A San.Fe— 1st,7s, 1909 120 b.! 121
106% June
Gold, 6s, 1923
1 96 l).i 974 j 97 Oct. 1.10 Feb.
lenderson Br.Co.—1st. 6s, 1931 108 1). 108 b. 1064 Mar.
419% May
L A Tex. C.—1st M. L. 7s
jl 11 b.1115 b. 112 Sept.
Mar. 4 194 May
let, West. D.,7r, 1891
; 112 It/ll 14b.! 108
Fell.
May1st,Waco & N. 7s, 1903
114 b.i 113 b. 113 Feb. 119%
112
04
May
2d, consol. M. L. 8s, 1912
1 100 b.! 90 b.
< )ct.
i 79% May
..1 55
Gen. mort. 6s, 1921
! 65
b. 1194 Jan. 424 4 Feb.
nd.Bl. & W.~ lst,pref., 7s, 1900 110 b. 110
I 86
99
Aug.
May
i 93
1st, 5-68,1909
94
70
i ‘ 4 b.
Sept, j 894 June
2d. 5-6s, 1909
; 75
b.
98
I 90
4 May
88
Sept.
Eastern Division—6s, 1921.
| 93
j
194 Oct. ! 344 Apr.
!
Income, 6s, 1921
I 23
b. 110
Mar.
Nov. 122
a. 105
nt. A Gt.Nor.—1st, 6s,gold,’It 110
Feb.
98
i 79 a. 774 Now
Coupon, 6s, 1909
! 80
4nt.Centr.-GoM 4s, 1987
i 724
73%a. 64 Jan. 78 July
Jan.
noxv. AO.—1st, 6s, geld, 1925
904b.’ 94 a. 894 Get. 100 June
ikeSh.—Cen.coup.,1st,7s,1900
12(>78 124 Aug 129
1264 MayCon. coup., 2d. 7s, 1903
1234b., 1234b. 122 Oct. 125
Sept.
ong Island—1st, 7s, 1893
.4 17 b.i
.... 1204 May
115'
Feb.
1st, consol., 5s, 1931
i...!ll3 a.413 a. 1124 July 4214
Feb.
ou. A Nash.—Consol., 7s, 1898 121
417 b. 118 Apr.
June
N. O. A Mobile—1st. 6s, 1930.| 109%b.! 110
‘405 Jam 413%
99 4 May
2d, 6s, 1930
| 96 b. 96 b.1 !)078 Jam i4174
May
E. II. AN—1st. 6s, 1919,
114 b.ll44b.412 July
1144 MayGem ml, 6s, 1930.
113 )>. 112 0. 107 Jan. 109
MayTrust bon dm. 6s, 1922
4084b. 108
4044 Jam
v
b. j
........
Jan.
115
120
45
j
108
May ;
Oct. I
Aug,
1154
864
Si pi. 4184
9841). 1100 a. 96% Oct. 4074
Gen’l, 2d, coup., 1933
409
a
1064 Jan. 111 l
James R. Val. - 1st, 6s, 15)36..
July 4074
N. Pae.Ter.Co.—1st, 6s, 1933... 1014b.! 1 ol%b. 100
123
Oct.
Ohio A Miss.—Consol., 7s, 1698. 115%b. 115 b.! 114
119
4 1 t 2 oct.
2d, oousol., 7s, 1911
! 107% Oct. 4124
Springfield Div.—7s, 1905
1114
b.! 102
105 b. 105
Feb.
OhioHouthorn—1st, 6s, 1921.
35 b. ; 36
Sep). i 504
31
2d, inc., 6s, 1921
j
! 96 4 ! 95% 1 89 Scpr. 1024
112
Jam
Ore. 11. ANav.Oo.—1st, 6s, 1909 110%j'o. 1104 b. 408
N. O. Pacific—1st, 6s, 1920
North. Pacific—1st, coup.. 6s,
June
Jan.
78
b
N.Y'.Sus.AW.—Deb.,6s,’97,cp.ol!
’914"
1st refunding, 5s, 1937..
Midland of N. J.—1st, 6s. 1910 1104
May
82% June
82
Apr.
;
104
a
N. Y. Ont. A W.—1st. 6s. 1914.. 1084b. 1 108
;1214 June
;
1084 Feb. 414
b
1184b. 119%
N. Y. Lack. A W.—1st, Cs, 1921. 126
108
Construction, 5e, 1923
135
Jan.
1104 Feb.
I
412
b
:
A No—Gen.,6s,
N.Y. Elevated—1st. 7s, 1906
105% May
‘1204
1104
110 4
1094
113
107
46
..
85 a. ! S3
84 %b
Mutual U11. Tele.—S. f., 6s, 1911
125
Nash. Ch. A St. L.—1st, 7s, 1913 128 b,
1103
N.Y. Central—Extend., 5s, 1893 164 b, 1034
N.Y.C. AH.-1st, cp., 7s, 1903 135 b 131 b 1304
lus4b 107 b 106
Debenture, 5s, 1904
28
b 1274
1304b 4
N.Y.AITar — 1st, 7s, 1900
!
100 4b
85
N.Y.Cliio.ASt.L.—1st, 6s, 1921..
70
| 99 b
2d mort., 6s, 1923
6 14
58
N.Y. City
1910. 62%
May
142
133
Highest.
Lowest.
4174b. 117 4 Nov. 423
Jam 121
1134b. 114
Aug. 433
Minn. A St. L.—1st, 7s. 1927.... 1324a 130 a. 130
70
70
Nov. ! 90
b
85%a.
Imp. A Equip.—6s, 1922
76% Nov. 1024
83% i 81
Mo K.ATex.—Com, 6s, 1920...
Nev. i 85)%
66
72% I 70
Consol., 5s, 1920.
108 b 1<>74
103
Nov. 4134
Consol., 7s. 1904-5-6...
86% June
May
Sept. 56
914 Sept. 1014 Apr.
Jan.
>c%a. 95
Sept. 108
131 aw 129 Sept. 137 June
77
33
95
Xov. 18 Xov. 11
Michigan Div.—1st, 6s, 1924..
1074 Mar.
1084 Apr.
Nov.
Oct.
^-
Jan.
June
1104 Nov.
Feb.
Oet.
\
May
Range since Jan. 1.
Mil. Lk.Sb. A W.—1st, 6s, 1921.
1084 June
127 4
984 Jan. 102
104 4 Oct. 111 14
95 Oct. 104%
60
S878
Sept.
63*2 Oct. I 91
v
Jan.
118% June
Oct.
Nov.
Nov.
1174b.ll/'
4b. 1184
Feb.
754 Oct.
7S! 11
I / 94
9 4 i 7l)lfi
794
Jan.
June
Sept. 116
Jan. 1064
Feb. 118%
Feb. 116
Divis., 4s, 1922
984 ! 94
Sept.
Chic. A Ind. Coal It., 1st, 5s, ’36
1184a. 117
Oct.
Ch.Mil.& St.P—1st, I. A M.7s,’97
125
124
Nov.
i
, - - Consol. 7s, 1905
125 ~.
1st, So. Min. l>iv.—Os,1910— 114 b. 413 b. 111% Oct.
1st, Chi. A Pac.W.Div—5s, *2140378 4034 j 102*2 Oct.
Ocr.
Wis. A Min. l>iv.— 5s, 1921— loi^bjioi
* a.102 b. 100
Oct.
102
101
Terminal 5s. 1914
138
b.i 1384b. 136 Nov.
Chic. A N. W.—Consol. 7s, 1915
Sept.
1284 1128 b. 127
Gold, 7s, 1902
!
’117 May
Sinking fund Os, 1929
107 b.i 10678b. 1054 Nov.
Sinking fuud 5s, 1929
)
Sinking fund debent. 5s, 1933 06 1). 106 b. 106 Nov.
25-year debent. 5s, 1909
il024b.403
4024 Nov.
Chi.R. I. & Pac.—6s, coup. 1917.jl31%l>.431
428% Sept.
..108 b.[ 70S
Exten. A: col. 5s, 1934
1107 July
Sept.
Ch St.P..M.A O.—Consol. 6s.*30 1194 jUS'sb. 116
St. Paul & 8. C.—1st, 6s, 1919 1234
1234 122 Oct.
Denver
90
109
954
94
110
119
Sept.
! 62
4°8
384 June
July 105
“
115
Sept.
b. 100
110
684 i 66
101
Railroad Bonds.
Highest.
Lowest.
11
SINCE JAN. I, 1887.
Closing.
Range since Jan. 1.
Closing.
667
CHRONICLE;
THE
1887. J
19131
62
75
724
714
48
Virginia—Cs, old.
6s, consolidated, 2d series.
6s, aeferi ed, trust rec
7
90
60
j
16%
•
114
THE
668
BONDS—STOCK EXCHANGE
Railroad Bonds.
(Stock Exchange Pricej.)
Atch. Top. A San. Fe—4*28 ...1920
1911
1936
Park B ..1919
1925
Sinking fund, 6s
Beecn Creek—1st
80
123
gold, 4s
Balt. A Onio—1st os,
5b, gold
Registered
105*2
BrooklynElev.— 1st, G., 6s... 1924
1915
2d, 3-5s
Burl. Ce. Rap. A No.—let, 5s. 1906
ConsoL A col. tr, 5s
1934
Registered
Minn. & St. L.—1st 7s, gu
1927
..
113*2
1909
Iowa C. A West.- 1st 7s
106
98
106
Ced. Rap. I. F. & N., let 6s. 1920 T05
1st 5s
1921
Buff. N.Y A Phil.-Cons. 6s...1921
Trust certificates
General 6s
1924
Trust certificates
Cen.l’wa— Eaet’n Div.,1st,6s 1912
Illinois Division—1st 6s
1912
Cent. RR. A Banking Co., Ga.—
Collateral gold, 5si
1937
Clies. A O.—6s, gold, 6er. A... 1906
Ches. O. & So. West.—2d 6s... 1911
.99
75
2d 7s
1900
St. L. Jacks. A Chic.—1st, 7s. 1894
117
Sinking fund, 6s
Louis. A Mo. River—1st 7s..1900
guar.
98
1898
2d, guar. (188), 7s
1898
125
119*2
120
113*4
114
114
105
Chic. Burling. & QuincyConsolidated, 7s
1903
1901
Iowa Div.- Sink, fund, 5s. 1919
Sinking fund, 4s
1919
Plain, 4s
192]
5s, sinking fund
96*2
923*
97
131*4
132*2
10834
108
1934
60
1905
109
108
1923
'Chicago Milwaukee A St. Paul—
..
C. A L. Sup. Div., 5s
Fargo A South., 6s, Assu
..
Dakota A Gt. South., 5e
<0 licago A Northwesteru-
Consol., 1st, 6s
Chic. A W. Ind.—1st,
f., 6s.
s.
General mortgage, 6
Cin. I.St.L.A CJ
190l{
92*2
N. Y. A M. Beach—1st, 7s.. 1897
N. Y. B. AM. B.—1st, g., 58.1935
Louisville A Nashville—
Ceciliau Brancn—7s
1907
1920
Del. Lack. A West.—Conv. 7t
18981 120
1898! *11 8
127
7s
1899 117
1914 *1 16*2
1914 *116*2
103
102*2 103
......
St. L. A
Cairo-4s,
105
103
108
55
118
T05
125
'
.
.
......
.
1 17
1934
1919
1932
1915
1936
112*2
1936
1916
1926
1914
95
Pa. 1 »iv., coup., 7s,
-
.
......
113
111*2
111 *2
1920
......
1918
Nash. Chat. A St. L.—2d, 6s..1901
N. Y. Central— 6s
N. J. June.—Guar. 1st, 48
1887
1986
97
104
1892' 111*2'
1907 131*2 134
1906 1^9*2 131*2
cons., guar.
Registered
1st, eons., guar.
1914
1891
139
I960
116
l'J2*^ 125
136*4 137
108*2 110
102
102
106
j 107*2
102*2! 103
103
!
114V
1
86%
|N. Y. N. H. A II.—1st, reg. 4s. 1903
N. Y. Tex. A Mex. —1st, 4s ...1912
Northern Pacific—Dividend scrip.. TOO
Dividend extended
113
135
138
1888'
ib*3*4 *104**
Sar.—1st,
Registered
1
116
*117
coup., 7s. 1921
*
Det. Muck. A Mar.- 1st. 6s
•
i Vo’ ‘
.1921*
Friday; ihess
are latest
79
110
1910
i 117
!
1
fd., Os.1930
Imp. A Ext., 6s
1931
Adjustment M., 7s
1924
Ogd. A Lake Oil.—1st, 6s
...1920
:Ohio A Miss.—Cous., s. f., 7s..18981
!
General 5s
Ohio Cent.—1st T<
1932
r. Tr., 0a...l920j
Div.—1st, 6s
1921
(Ohio River RR.—1st, 5s
1936]
[Omaha
A St/L. R’y.—1st,
(>r**von A Cal.—1 st. 6s
quotations made
o. is w ek.
1911
1905
Sabine Division, 1st, 6s
1912
Valley R’y Co. of O.—Con. 68.1921
Indianapolis Div.—6s;
1921
Detroit Div.—6s
Cairo Div.—5s
Tol. A Wab.—Equip.
1921
1931
Is. I937j
1921?
83%
92
92
50
111
106
110
112*2
120
111*2
117
116
no
80
117
112
100
99%
1o7*4 ios*4
bds.,7sl883
Quin. A Tol.—1st, 7s.*
1890 106
Han. A Naples—1st, 7s.... 190J
Ill. A So. Iowa—1st,ex. 6a. 1912 too"
St. L. K. C. A N.Clarinda Br.-6s
1919
8t.CliarlcK Br’ge—1st,6s. 1908
No. Missouri—1st, 7s...... 1895
Wab. St. L. A Pac.—Iowa Div., 6s.
West. Union Tel.—Coup. 7s.. .1900
.....a
ibT"
113%
ii*6
ivr
118%
ii9*i
IF
Atl. A Pac.—Cen. Div
i*o*6"
84
25
1922
Ind’ap. Dec. A Spr.—2d inc.. 1906
Trust receipts
101*2
105
114
*97'
102
90
101% [Cent. Iowa—Coup, debteertf’s
(Eliz. City A Nor.—2d iuc
1970
103
103*2
99
111
ioi
93
Manhat. Beach Imp. Co. —7s. 1909
Tenn. C. I.A R’y.—Consol., 6s.1901
South Pitts.—1st, 6s
1902
Bir. Div.—1st eon. 6s
1917
Col. A Hock. Coal A I.—6s, g.,1917
Income Bonds.
104
Leh. A Wilkesb. Coal...
1888
Milw'. Lake Sli. A W.—Income
Mobile A Ohio—2rt pref. deben
3d pref. debentures
4th pref. debentures
N. Y. L. E. A West.—Inc., 6s.. 1977
Ohio Ceiit.—Min. Div.-Inc. 7s. 1921
Ogdens. A L. Cham.-Iucome.1920
Sheuaudoah Valley—Ine. 6s.. 1923
38
25
100
28
23**
15*4
12
50
.
......
.
.
■ mm
.•.•mm
Free List.
.
Min.
141
I
1st mortg. 78
Tex. A N. O.—1st, 7s
•■■■)
90
1926
Val.—1st, cons., 7s
Coupons off
i
•
(Interest payable ij earned.)
100
1931
1932
105'
Pitts. Cleve. A Tol.—1st,6s... 1922 *107*6
Pitts. Junction—1st, 6s
1922
Pitts. McK. A Y.—1st, 6s
1932
Rich. A Danv.—Deb. ex ep, 6s. 1927
Consol, mort., gold, 5s
1937
Atl. A Char.—1st, pr., 7s
1897 117
Incomes
1900
87*2
Rich. A W. Pt. Ter’l.Trust6s..l897
8an Aut.A Arans. —1st,6s,’85-1916
Telegraph—7s
1904
Wheeling A L. E., 1st M. 5s. .1926
Registered
S U8(i. A West.—2d, 4 *28...1937
15*2 Norf. A W.—Gen., 6s
New River—1st, 6s
115*2
1894
1894
1917
120
N. W.
! N. Y.
Helena A Red M’n—1st,g.,6s. 1937
Dul. A Manitoba— 1st, g. 6s.1936
Hel. B.Val. A Butte, 1st, 6s. 1937
Drummond A P’bg —1st, 5s 1937
107*4 109
*
jPine Creek Railway—6s of 1932
106
106*2
1937
St. Paul A N. P.—Gen., 6s.. 1923
••■•■a
Wab.St.L.A Pac.- Hav. Div.--6s.T0
1905
10d%il 10*2 jN. O. A No. E.— Pr. L, g., 6s ..1915
108
!New Or. A Gulf-lst, (is
1926
1906
1892
St. L. V. AT.H.-lst, g., 78.1897
2d, 7s.....
1898
2d, guar., 7s
1898
105
Registered
1906|
6s
4th, sink, fd., 6s
St. Louis A Iron Mountain—
Arkansas Branch—1st, 7s.. 1895
Cairo A Fulton—1st, 7s
1891
Cairo Ark. A T.—1st, 7s....1897
St. L. Alton A Ter. Haute—
Bellev. A So. Ill.—1st, 8s. ..1896
Bellev. A Car.—1st, 6s
1923
.
s.
105
108*2
127
Clev. A P. —Cons., s. fd., 78.RK)0
102
N. Y. P. A O.—Prior lien, 6s
1895
X. Y. A New Eug.—1st, 7s.... 1905
Spok. A Pul.—1st,
95%
1912 133*2 138%
1912 *132
Registered
N. Y. Chic. A St. Louis—4s
'oi*2
90*2
W.* A C.’-ist’, 7s.*.". 1912 141*4
2d, 7s
3d, 7s
1st, 6s, 1886
102
115
109
100
102*a
94
I qi q
Scioto
100
94
Registered certificates
1st, 6s
Registered
7u
Pitts. Ft.
106
1931
guar
..ijMorgan’s La. A T. —1st, 6s
■k
.
2d
110
19071
1891 *107
85
6s. 1905
6S.1905
1909
1909
1st, 6s, Pierce C. A 0
1919
Equipment, 7s
1895 109
Kau. City A S.—1st, 6s, g.1916
Ft. S. A V. B. Bg.—1st, 68.1910
St. L. K.ASo.Wu.—1st, 68.1916
Tex. A Pac.—1st, 6s..
1905
100
1st, 6s, ex coupon
97
Consol., 6s, trust receipts. 1905
Pennsylvania RR.—
Pa. Co.’s guar. 4*28, 1stcp.. 1921 105
Pa. Co.’s 4*28, reg
1921 *105
Pitts. C. A St. L.—lst,cp.,7s. 1900 1*7
117
117
115
95
1st, 7s
1915
1891
Del. A Hud. Canal—Is
No pric
iii”
114
114
120
117
104*2
103*4
Missouri Pacific—
Verd’s V. Ind. AW., 1st, 58.1926
Ler. AC’y Val.A. L.,lst,5s.l926
St. Louis A San Francisco—
116*2
.....
*iu5
1901
eon., guar.,
Reus. A
_
1925!
Minn.ASt.L.—Pa Ex.—1st,7s 1909,
2d mortg., 7s
1891 i
Southwest Ext.—1st, 7s
1910;
Pacific Ext.—1st, 6s
1921
130
Minn. A Pac,—1st mortg. 5s.. 1936
98
Minn. A N. W.—1st, 5s, gold.. 1934*
Minn. S.Ste.M.AAtl.—lsf,5s.. 1926
108*2 Mo. K. A T.—Cons.,2d, ine
19111
H. A Cent. Mo.—1st, 7s
1890;"
Mobih* A Ohio—Col. tr., 6s ...1892 102
1
.
1900 *125
1918
1930
1907
Extern, lst^s
95
1907
1895
Coupon. 5s
Conv. del)., 5s
Ashland Div.—1st, 6s
1907!
1907
1905
f
_
Col. A Green.—1st, 6s...
1st,
101
Lake Shore A Mich. So.—
Cleve. P. A A.—7s
1892 109
Buff. A Er.—New bonds, 7s. 1898 118*4 121
Kal. A W. Pigeon—1st, 7s... 1890 105
Det. M. A T.—1st. 7s
1906 "120*2
Lake Shore—Div. bonds, 7s. 1899 118*2 121
Consol., reg., 1st, 7s
1900|*124*2|
Consol., reg., 2d, 7s
1903 123*2 124
Mahon’g. Coal RR.—1st, 5s.1934 101
.
Registered.
1st,
119
1897 115*2
1898 116*2 117
..1908 *105*2
1931 104
|8t. Paul Minn. A Man.—
! Dakota Extern—6s
1910
1931
Registered, 5s
Jack. Lan. A Sag.—6s
104*2
105*2 I Min’s Un.—1st, 6s
1922
1891
112
Milwauk. A North.—1st, 6s...1910 109
1931
I St. Paul A Duluth—1st, 5s
Sodus Bay A So.—1st, 5s, g...l924
1913 10634 108
Extension,, 6s
93*2 Milw. Lake 8. A West.—
Tex. Central—1st, s. f., 7s
1909
Cl. Col. Cin. A Indianap.—
Consol. 7s
Consol, sink, fd., 7s
Chic. St. Paul M. A O.—
Chic. S. P. A Minn.—1st, 6s
No. Wisconsin—1st, 6s
Chic. A E. Ill.—1st, s. f., cur.
Springf. Div.—Coup.,..6s, 1898
Middle Div.—Reg., 5s ......1921
C. St. L. A N. O.—Ten. 1.,7s. 1897
1st, consol., 7s
1897
2d, 6s
1907
Gold, 5s, coupon
1951
8t. Louis Div.—1st, 6s
1921
1980
2d 3s
A
11634 117%:
Nasllv. Decatur—1st, 7s.. 1900
118
8. A N. Ala,—S. f., 6s
1910
128
Louisv. C. A L.—6s
1931
126*2
5 p. c. 50 year goldbds..—1937
125
113
Pens. A At.—1st, 6s, gold.. 1921
105
Lou. N. O. A Tex.—1st, is
1934
120
2d mort., 5s
122*2
1934
99
95
Mexican Central—1st, 7s
1911
119
120
Ex coupons 6, 7, 8
99
Mich. Cent.—1st, con., 5s
1902
102*2
1909
6s
*
1909
1910
118
99
Han. A St. Jos.—Cons., 6s
1911 ‘117*2
62
Hous. E. A W. Tex—1st, 7s...1898
109
Illinois Central—1st, gold, 4s. 1951 105
94
95
1st, gold, 3 *28
1951
120
129
T18
1919
1910
1910
1910
1926
1910
1921
1924
1916
.1916 ’••**’* 101
.1926
Ext. registered
Escanaba A L. S.—1st, 6s..
Des M. A Minn.—1st, 7s
Iowa Midland —1st, 8s
Peninsula—1st, conv., 7s...
Chic. A Milwaukee—1st, 7s
Win. A St. P.—2d, 7s
Mil. A Mad.—1st, 6s
Ott. C. F. A St. P.- 1st. 5s.
103*2
Ind.—Gen. 5s.. 1924
Pensacola Div.—6s
125*2
1st, 8s, P. D
1898
2d, 7 3-10s, P. D
1898,
1st, 7s, $ g., R. D
19021
1st, La Crosse Division, 7s..1893
1st, 1. AD., 7s
1899|
1st, C. A M., 7s
1903
.1908 !
.1909
1st, S. W. Div.,
1st, H. A D., 7s
1st. H. A D., 5s..
Chicago A Pacific I
Col. Trust, 6s
Col. Trust, 5s
C. Br. U. P.—F. c., 7s
Atch. Col. A Pac.—1st,
Atch. J. Co. AW.—1st,
Ut. So.—Gen., 7s
123
87*2 Long Island RR.—
86*2
Des Moines A Fort D.—1st,4s. 1905
....
1st, 6s.....
1st, 6s
104*2
r
Dub. A S. C—2d I)iv., 7s... 1894
131
Keok. A Des M.—1 st, 5s
1916
N. Y. L. E. A W.—Col. tr., 6sl922
Buff. A S. W.-Mortg. 6s.... 1908
Evan. A T. H.—1st, cons., 68.1921
Mt. Vernon—1st, 6s
1923
Evans. A Indian.—1st,cons...1926
Eureka Springs R’y, 1st, 6s, g.1933
FPt A P. Marq.—Mortg., 6s... 1920
130
107
102
T36
103
90
117
101
Registered
92*2
95*2
Nebraska Extension 4s
1^27
Chic. Burl. A No.-Deb. 6s
1896
Chi. R. Isl. A Pac.—6s, coup.. 1917
lst,2*2S
Extension, 4s
117
1920 130
1908
Ced. Falls A Minn.—1st, 7s. 1907
Indianap. I>. A Spr.—
131*4 131*2
1st, 7s, ex. fund, coupon
1906
Lake Erie A W’n—1st, g., 5s..1937
Miss. R. Bridge—1st, s.f. 6s. 1912
Registered
Ext. A Col., 5s
Registered
10378
.
1894 U113
(564), 7s
2d mortg. (360), 7s
1920
1888
Registered
114
123
1st,
97*2
119
111
105
Ask,
Panama—Sink, fd., sub., 6s... 1910
73
74
Peoria Dec. A Ev.—2d, 5s
1927
Peoria A Pek U’n—1st, 6s....1921 110
70
2d M., 4*28
..1921
Pacific RR.—Central Pacific—
Gold bonds, 6s
1895 115*2
Gold bonds, 6s
1896 115*2
Gold bonds, 6s
1897 115*2
Cal. A Oregon—1st, 6s....1888 *101 *2
Cal. A Oregon—Ser. B., 6 1892 102*2
Mort. bond, 6s
1936 102%
West. Pacific—Bonds, 6s
1899 112*4
No. Railway (Cal.)—1st, 6s. 1907 117*2 119
Union Pac.—1st, 6s
1896 115*4
110
122
1897
1919
1923
Bid.
SECURITIES.
Ask.
108
117
105
Det. Bay C. A Alp. - 1st, 6....1913
E. Tenn. Va. A Ga.—1st, 7s... 1900
Divisional 5s
1930
E. AW. of Alabama—
1st, cons., gold, 6s
1926
Elks. C. A N.—S.f., deb., 6s. ..1921
1st mortg., 6s
1920
Grand Rap. A
1893
..1903
Chicago A Alton—1st, 7s
Bid.
SECURITIES.
Erie—1st, extended, 7s
2d, extended, 5s
3d, extended, 4*28
80*4 83
4th, extended, 5s
108
5th, 7s
97*2
1st, cone., fd. coup., 7s
Reorg., 1st lien, 6s
B. N. Y. A E.-lst, 7s
96%
Bost. H. Tun. & W.—Deb. 5s...1913
[VOL. XLV.
QUOTATIONS ON FKIDAY OF INACTIVE RAILROAD BONDS.
Ask.
Bid.
SECURITIES.
CHRONICLE.
118
S7*2
Cumberland A Penn.—1st, 6s. 1891
2d 6s
ld3d
Erie A Pitts.R’ way—Cons.7s. 1898
oalv’n.ll. AH. of ’d2, lsu.5s..l913
N. J. Southern—Int. guar.,6s 1899
I 7d*2 'Rocli. A Putsb.—I .come
9 Wa
w<oi
ICn'vo h|.—‘91. 7*
1:>21
....
1 boo
•
•
•
.
a •
112
77
99
*6*7*
.
L'HE
19, 1887.]
November
shows the
City for the
Banks.
Loans and
Specie.
Discounts.
10.640.000
9,690,000
Manhattan Co....
11.330.100
America
Phenix
City
Tradesmen’s
Fulton
Chemical
Merchants’ Exch
•Gallatin National
3.131.000
9.780,600
2.784.300
1.273.900
18.777.100
3.111.200
6.274.700
Leather Manuf’rs
Commerce
Broadway
Mercantile
Pacific
Republic
Chatham
Peoples’
North America....
Hanover
445.700
298.500
410.800
96.800
347,000
135.400
276.600
62.300
381.800
101.000
159.600
373.200
302.700
676.600
1,814,000
16.746.600 2.928,000
6,008,100 1,393,600
7.368.200 1,286,100
682.800
2.425.800
7.919.800 1,785.400
678.500
4.485.500
415.600
1.811.200
423.200
2.748.100
10.627.300 3,047,800
2.577.500
2.281,0 jo
Nassau
3,197,5t0
Market
1,975,000
2,984,000
6.891.100
4.608.200
1.903,000
18.672.100
17,689,000
St. Nicholas
Shoe A Leather...
Corn Exchange...
Continental.'
Oriental
Importers’ & Trad.
Park
North River
East River
Fourth National..
10,000
1,010.700
1,072,40b
17,336.000
8,168.000
981.400
3.805.500
999.100
1.317.500
2.367.800
2.186.700
2,dl5,600
6.971.600
477.200
427.400
405.600
Exch’nge.
Germania.....
United States
Lincoln
Garfield
Fifth National
B’k of the Metrop.
West Side
Seaboard
Sixth National....
Western National.
769.600
188.600
176.400
1,147.100
729.200
399.300
288.300
767.500
250.500
338.300
431.000
610,000
2.038.600
1.868.700
7,081,600
Specie.
Loans.
1887.
9
9
9
Oct.29
133.163.500
5
12
138.815.500
138.617.500
8,312,600
8,732,100
8,987,500
No.
“
Loans.
1887.
“
45,000
40,700
45,000
289.400
41,500
2,79-1,800
3.472.000
124.700
193.900
162.300
3.148.800
2.179.300
1.556.300
265.600
4.217.700
310.500
2,007.400
2.276.100
778.700
38,500
180,000
45,000
40,000
45,000
447,200
American... 150
2*66', 9*66
Exch.
Bowery
Broadway...
Brooklyn ...
Citizens’....
City
i
117
225,000
Clinton
071500
240
Eagle
Empire City 90
45,000
Exchange... 95
Farragut.... no
Firemen’s-*. 90
44,300
45,000
129,400
115
German-Am. 300
Germania... 145
Globe
Mutual (N.
Bonds,
83.700.976
\Tikkati
99,923.592
92,146.091
$
$
23,562,700
23,674,200
23,386,000
86,087,900
2,311,250
68,729.07o
2.315 750
2.3t 8 230
00,344,36
C
Boston A Lowell
Boston A Maine
Boston A Providence....
California Southern
Central of
Massachusetts
Preferred
Chic. Burl. A North’n
Clevelaud A Canton
Preferred
1130
*934’
94
20 4
101
99
....
Preferred
78
Kan. City Ft. S. A Gulf..
Preferred
K. C. Mempli. A Birin. .. §
*79 4
78
Kan. C. Springf. A Mem.
14 '4
144
Mexican Central
118
117
N.Y. A N. Eng., pref
§144
Northern
180
Old Colony
*40
.
Central
Preferred
BONDS.
Wisconsin
_.
Plain, 5s
...
E x- lividend.
12*1
t Per share,
121
50
100
7s..
Texas Division—5s
Incomes
Wiacon. Cent. -1st ser.5s
6s...'.
v.—St’k..
2d series,
iuc., 7s
PHILADELPHIA.
RAILROAD STOCKS.!
Biff. N.Y. A Phil.,ass.pd.
Preferred
Lehigh Valley
Little Schuylkill
Northern Central
RAILROAD BONDS.
Atlegh. Val.—7 3-10s, ’90
7s, E. ext., 1910
Inc. 7s. end., coup., ’94.
4
i Las: price this week.
004
21q
>122
104q 105
964
2d mort
...
„
91
47
104
11
-
Cape Fear A Yad.Val., 1st
Cites. AO., ser. B.def. scrip
Chic. Santa Fe A Cal. 5s..
Cinn. A Springfield
Coni. Cons. Co. Tr. stock.
Den. A Rio Or. W.—St’k.
Dul. S. Shore A At.— Stk.
Pref
Edison Electric Light....
Fla. R.y. A Nav. Co.,
Georgia Pac.—Stock
1st 6s
2ds
Henderson Bridge—Stock
pref.
55
58
814
65
35 4
354
584
60
310
no
20
West.—Stk.
Brooklyn Elev’d—stock..
1st mort
1114
.....
Host. H. T.A
Debentures
Kanawha A Ohio
1st
2d
pref
pref
1st 6s
21
Kan. City A Omaha
1st mort
K »«*iy Motor
94
Ask
105*
160
95
105
98
180
80
170
100
100
137
no
80
125
150
150
280
60
no
106
75
105
129
105
115
Atk.
62
111
80
no
Broker, 145 Broadway.]107
112
36
108
56
155
no
107
120
105
170
no
220
108
215
112
1094
60
112
111
125
107
100
180
115
230
106
•
•••»«.
114
Exchanges:
Orange Belt 1st
Pensacola A Atlantic....
1st mort
Pitts. A West. RR —StojR
1st mortgage
Postal
Telegraph—1st, 6s.
A dies..
A Decatur, 1st M., 6s
|Rich. York Riv.
Ft. S. A
Wicli..
jSt. Paul E.A Or. Tr., Ist0s
24
-2
2
10
75*
13
160
no
210
117
41
Ask.
Bid.
Nat.Construct’n Co.
{Mexican National tr. rec.
Rome
St. Louis
75
109
120
118
110
1st. mortgage, tr. rec—
il004 Newp. N. A Miss. Val
26
:N. Y. M. Un. Tel.—Stock.
North. Pac.—Div. bonds..
99
Ocean Steam.Co.,1st guar.
45
22
107
52
131
!Mex.
97
10
5
67
5
74
10
•rnmmrnm
Bid.
SECURITIES.
Ask.
5
50
50
105
B.— tonii, 0s 104
155
Eighth Av.—stock
108
Scrip, 6s, 1914
200
98
40
104 V105's
78
964
95
13
9
23
17U
2
20
150
120
Brokers, 49 Wall Street.]
COMPANIES.
Securities.—Quotations from both
At.&Pac.-lstM.C.D.od 0s
141
128
160
Paciflo
70
Park
Pet’r Cooper ieo
90
People’s
93
Phenix
130
Rutger’s
Standard.... 102
Sterling .... 70
Stuyvesant. no
United St’es 140
Westchester 135
Williamsb’g. 250
175
42J A Gr’nd St. F’ry—Stk
104
1st mort., 7s, 893
1054
42d St. Manh. A st-. N.Ave
90
1st
mort., 6s, 1910
90
2d mort., income, 6s
123
fonst.W.St.AP. F’v—Stk.
110
1st mort., 7s, 1894
160
Viuth Ave
105
Sjoond Av.—Stock
155
1st mort., 5s, 1910
160
120
Consol., 7s, 1888
SI Cth Av.—stock
81
1 it- mort., 7s, 1890
121
Tlurd
130
113
Bonds, 7s, 1890
Tw •uty-thii •< ■>< --'Stock..
1 152
1st nor'., 7s, 1893
| 112 4
Bid. i
163
D. D. E. B. A
28
114
7s, 1893
128
Stocks and Bondo.
by H. L. Grant,
102
103
Ask
..
Municipal— Bonds, 7s
Municipal
Bonds, 6s
Equitable
Bonds, 6s
102
97
98
B’way Surface bds..-19l4
Bonds guar., 5s. 1905 .. .
i is
Brooklyn City—stork
106
1st mort., 5s, 1902
Unlisted
130
125
138
05
120
210
91
100
85
125
80
70
95
80
145
Bonds, 6s..~
Metropolitan (Bklyn.)
77
Bank Note Co
Atlau, A Cbar.—Stock..
117 4 120
All. A Char. Air L.. 1st, 7s
*96
•
......
National.... 90
N. Y. Equit. 150
80
N. Y. Fire
150
Niagara
North River 90
Williamsburg.. 1
Am.
55
.
774
43
i
COMPAN’S. Rid.
People’s (Bklyn.)
93*
rAlOt-hSt—Stk.
1*02
90
80
994
Bid.
Falton
114
90
100
95
95
SECURITIES.
19 4
40
19
Tnifced St’es 210
220
70
GAS
Ask.
103
65
103
101
Bonds, 7s, 1898
140
Dry Dk. E. B. A Bat’v—Stk 110
93
*63
Central—4s
894
95
East’rn, Mass.—0s, new..
•*
91
§
1
os
Mexican
Phila. A Reading
West Jersey
1194
7s.
Mortvatre. 5s
Trust
1925, 6s
Pennsylvania
Atoh. A Topexa—1st,
Coll Trust, 5s
Bid.
Riv.-Stk
1104
1*07
100
_
StateofN.Y.
Third....
Tradesmen's 104
Ask.
H. Prentiss A Co.,
150
Busbw’k Av. (Bklnj—SUk
150
C tntral Crosstown—Stk..
116
1st mort., 6s, 1922
Oent. Pk. N.A K.
120
Consol., 7s, 1902
125
Ohrist’ph
111
Ask.
i
Louisv.Ev.ASt.L.—1st, 6s
2d mort., 2-6s.
Mar. H. A Ont.—3 908, 6s,
N Y. A N. Eng.-1st,
1st mort., 6s.
2d mort., 6s
Southern Kansas—5s
| 26
113 qj’ 120
Fitchburg, pref
City Railroad
(Rklyn.)
1st mort.,
K. C Fort Scott A <1.—?s
K.C. Mempli. & Birin—5s
K. City Sp d A Mem.—0s
K.C. Clint. A Springf.—5s
Little R. A Ft. 8.—7s
.
income
7*4
Preferred
Bid.
SECURITIES.
140
Nassau
150
94 V 944
159
1160
*216*9
*245
48
484
21
40 q 41
65 *9 66
Eastern.
Lafayette...
Manuf’c.AB 115
Mechanics’ * 55
Mercantile.. 55
Merchants’. 70
Montauk.... 70
Bklyn. Crosstow n—stock. 102
1st mort., 7s. 1888
month.
112
115
134
55
no
190
85
90
75
..
Kings Co....
Knickerb’k r
Long Island
1st mort., 5s, 1904
2d mort., 5s, 1914
Philadelphia and Baltimore.
Following are quotations of active stocks arqj. bonds. A
complete list is given in the Chronicle the ffrst Saturday
BOSTON.
RAILROAD STOCKS.!
Atunison & Topexa
40
230
250
ICO
110
120
100
320
158
125
26
Bioxerst.A Fuit.F.—six.
112
1st mort., 7s, 1900
69,<>57,36?
175
164
50
...
....
Y.)
ir’dway A 7 th A
20*6
Bid.
Howard
Jefferson....
Scrip
“due too-her
Ask.
_
Bailey, 54 Pine St.]
Hanover....
Home
[City RR. Quotations
$
SECURITIES.
iHamilton
Metropolitan—Bonds
•
9
Bid.
165
185
125
120
125
101
Consolidated Gas
100
Jersey City A Hoboken...
Quotations in Boston,
of each
Guardian
('Ht.lKfins’ Gan-Light
totals have been as follows:
85,809,300
85,055,700
_
*.Y. Countv 200
Z.Y. Nat.Ex
130
Vinth
V. America 120
130
Riv*r.
Vorth
185
Oriental
155
Pacific
160
Park
People’s. ... 175
115
Pnehix
Republic ... 139
St. Nicholas.
7th Ward... 115
230
Seoond
SloeALeath 145
350
Greenwich.. 190
90
764
Lawful Mon’y
87,165,900
_
Stock List.
A®k.' COMPAN’S.
^rnnbrlyn ft».«. Light-
Agg.CPnge
8,282,100
..
20J
113
200
155
Meronants ’. 1414 144
122
M’roh’ts’Ex. 115
20
vletropolit’n 16
145
Nassau
208
Vew York
companies.
gas
8,036.300
8.408,800
_
984
764
BANKS.
Ask.
..
Gas and
8,411,500
200
tlanover.... 175
Im. A Trad’s’ 325
145
Irving
Leather Mf s’ 190
Manhattan.. 159
Market
Mechanics’. 100
M’ohs’ATrs’ 145
vfercantile.. 147
Quotations by Geo.
[was
totals of the Boston banka
3.384,400 108,128,600
95
Commercial. 35
Continental. 210
180,000
27,300
$
124
200
165
75
150
165
110
112
Amer.
5.197.700
$
3500
Bid.
OOMPAN’S
8i*,66*6
2.075,400
Circula’n,
..
Insurance
42,600
180,000
Deposits.*
Bid.
BANKS.
[Quotations by E. S.
9*82*900
12,852^900 356,268,800
_
Local Securities.
Greenwioh.. 1154
134
........
Agg.Cl’ngs
86.996,800
"Including the iteoi
3.504.900
3.038,900
120
§ Last price this week.
..
142
..
Circula’n
87,054,300
12
43,000
Deposits.*
$
Oct. 29
Nov.
5
42*2*00
6.281.500
128.500
550,000
3,039,600 104,727,400
2,938.000 106,443,200
Philadelphia Banks.—The
899.600
2.647.400
2.725.300
2.235.600
152.400
73,000
Boston Banks.—Folio wing are the
L. T’nders.
45,000
17.785.800
4.606.100
1,062,200
69,600
304.800
1.431.700
351,937,300 74,801,700
Total
243.700
135.400
289.800
261.400
130.700
698.600
4.189.000
5.131.800
1,066,400
4.565.800
3.496.300
2.224.700
2.518.900
3.260.900
2.543.200
1,893,70b
1.425.700
3,479.000
1.742.600
Fifth Avenue
999.000
371.000
282.500
RAILROAD BONDS.
Baltimore A Ohio—4s
115
Cin. Wash. A Balt.—lets.
103
2ds, 5s
1084 109q
3ds, 3-4s
1094112 I
824! 825a1 1st Inc., 5s, 1931
Gallatin
Garfield
Qerm’nAm..
Germania.
178
174
America
Am. Exoh... 1384
Broadway... 260
Butchs’A Dr 161
129
Central
205
Chase
Chatham.... 215
Chemical.... 2800
Citizens’.... 137
300
City
166
Commerce
Continental. 120
Corn Exch... 190
130
East River.
11th Ward.. 150
Fifth Ave... 750
1600
First
140
F mrth
157
Falton
43,400
45,6*0*6
3.856.30b
1,298.000
684,000
532,100
5,096,100
5.296.200
118
12»4
Ask.
Bid.
BANKS.
447,000
75
25
Bank Stock List.
‘*2*600
20.474.200
21.402.300
2,000,300
622.200
1104
526.000
1,962,000
3,353,000
*754
23
115
120
no
Baltimore A Ohio
1st pref
2d pref
125
262,400
1.980.100
RAILROAD STOCKS.t
i*o’6‘*
New York
4*3 7j 500
143.900
3,452.000
5,110,400
20,246.900
County
German-Americ’n.
•Chase National....
377.900
113.500
70.800
281,000
260,000
581.200
296.300
744
BALTIMORE.
t Per share.
Ex-dividend,
89,600
3,258,700.
3,1-03,600
3.126.800
104,1()0
156.500
7,710,000
*
11.947.300
2,791,000
183.100
218,000
3
90,000
3.314,500!
1,205,700
1,053,000
N. Y.
436.500
318.200
115.700
276.600
595.500
4,203,200
5,000,500
16,300.000
Bowery
234.400
726.200
296.600
2.038.800
Central National..
Second National..
Ninth National....
First National
Third National....
N.Y. Nat. Exch...
261.800
467.600
645.800
265,000
12,794.000
10,709,700
5.906.700
6.999.600
3.100.400
8.180.900,
4.505.700
2.590.900,
1,012.70b
557.800
693,000
227.700
818.400
372,000
771,000
2,716.000
45^000
2.999.500
206.400
948.000
15.930.000
frving
Citizens’
German
59,000
337.200
7.222.500
658.200
949,900
1.795.900
1,886,000
1,071,100
3.343.900
1.170.800
3.549.900
Butchers’ A Drov
Mechanics’ & Tra
Greenwich
Seventh Ward
State of N. Y
Americ’n Exch’ge
4,998.000
367.100
45,000
10.568.400
3.012,000
12.538.800
2.191.200
1.324.700
20.899,600
3.567.200
4.345.300
1.755.300
2,203,000
1,111,000
2.559.500
1.191.900
443.100
114,000
375.000
199.800
1364
131
Perkiomen—1 st, 0s,cp.’87
Phil. A R.—1st,6s, 1910..
2d, 7s, coup. A reg.,1893
Cons., 7s, coup., 1911..
Cons., 6s, g., 1.R.C.1911
Imp., 6s, g., coup., 1897
Gen., 6s, g., coup., 1908
Gen., 7s, coup., 1908
Income, 7s, coup., 1896
$
6.663.700
6,535,000
651.600
595,000
1.048,000
2.257.700
687.000
8,088,000
tion.
10,210.000
10,246.000
271,000
120 4
Penna.—Gen., 6s,cp.,1910
Cons., 6s, coup., 1905...
§1134
Cons., 5s, reg., 1919
44s, Trust Loan
Circula¬
$
$
690.000
1,042,600
7.182.900
Merchants’
Mechanics’
Deposits
other
than U.S.
lenders.
$
2.030.000
2,190,000
$
New York
Legal
96
Leh.V.—lst,6s,C.AR.,’98
2d, 7s, reg.,1910
Cons. 0s, C.A R., 1923..
of—
Net
Phila.A Read’g (Cont’d) —
Cons. 5s, 1st ser.,c.,1922
Cons. 6s’, 2d ser.,c.,1933
Debenture coup., 1893.
Deferred incomes, cp...
100
Balt. A O.E. Side—Certs.
Col. AC. M.—1st,68.1914
Ask
Bid.
SECURITIES.
Ask.
Bid.
New York City Banks.—The following statement
condition of the Associated Banks of New York
ireek ending November 12, 1887:
Average Amount
669
CHRONICLE.
st.P M AMan Mon.Ex,4s
Southern Tel.—1st M—..
iTol. A. A. A
N. Mich
Light
Utah Central.—1st
U. S. Electric
Vicksb. A
Pref
1st mort
2d mort
100
102
105
100
84
93
36
754
76
25
90
30
102
83
15
104
84
25
40
30
4
Meridian
Incomes
West Va. RR.—1st, 6s...
Western Nat. Bank
West N. Car.—Con. M
4
80
45
8
91
...
10
101
I
.1
94
95
670
THE
CHRONICLE.
Imucstwcut
[VOL. XLV.
Latest
Roads.
Earnings Reported.
Week or Mo!
AND
%ailrcrad luMligettce.
Louis v. A Nasli v.' 1 st wk Nov
The Investors’ Supplement contains a
complete exh ibit of
the Funded Debt of States and Cities and
of the Stocks and
Bonds of Ra ilroads and other Companies. It is
published
on the last
Saturday of every other
Lou.N.A. A Chic.;2d wk Nov
Louisv.N.O. AT. 2d wk Nov
IMar. Col. A No..!October
Mar. Hough. A O.jlst wk Nov
Memphis AChas.j 1 st wk Nov
^Mexican Copt, i 1st wkNov
*Me.x.N. (all Ins) October...
RS.AnDt
...
month—viz., January,
2d wk Nov
March, May, July, September and November, end is fur¬ Mil.L.Sh.AWest
Milwaukee A No. ‘2d wk Nov
nished without extra charge to all regular subscribers
of the Minheap. A St. L. Septemb’r
Chronicle.
Minn.ANo.West. 1 st wk Nov
Extra copies are iold to subscribers
of the Miss. A Tenn
Chronicle at 50 cents each, an l to others at $1
per copy.
RAILROAD EARNINGS.
Gross Earnings to Latest Dates.—The latest railroad earn¬
ings and the totals from Jan, 1 to latest date are given Lelow
for all the railroad companies from whom
reports can be ob¬
K.CFtS
tained.
Latest
Earnings Reported.
Hoads.
Week
or
Mo
1887.
Allegheny Val. ]Sept.embT.
Jan. 1 to Latest Bate.
1880.
188'
1880.
$
3 80,050
$
.w,oi r, 1,483,551- .1,321,710
A tell. T. & 8. Fe. October
1,001,221 .1,072,072 15,295,395112,724,747
Atlanta A ( bar Septemb'r.
124,357! 100,180jb
910,319
823,401
Atlantic & l’ac.-jlst wk Nov
4 2,0701 2,200,045
48.100
1,273,152
Balt. & Rotnmac,Septemb’r
120,024
120,750 1,002,005
5)80,129
Beech Creek
jScptcmb’r.
02,717
53,977
420,2 12
511,058
Brunsw’k A West Septemb’r.
28.100
25 1,580
Bull'. N.Y. & Phil 2d wk Nov
52,000
48,100 2,421,400 2,207,8*14
Bufl'.Roeh.A Pitt 2d wk Novi
39,200|
22,570; 1,720,022! 1,233,232
Bur.C.Ilap.A No. 1 si wk Nov
71,78 1 !
71,550 2,472,770; 2,107,105)
.
.
,
Cairo V. A Chic 2d wk Novj
Cal. Southern ...list wk Nov
jCaniden A. Atl'c Septemb’r
Canadian 1'acitie 2d wk Nov
Cp.F’rAYad.Yal October...
Carolina Cent... Septemb’r
Central of Ca...
Central Iowa....
Central of N. J..
Central 1’acilic
Central of 8. C.
Charlest’n ASav
Ckeraw A Dari.
lst wkNov
’October
...
j Septemb’r.
August.
Septemb’r.
Septemb’r.
Septemb’r.
Cliesap. A Ohio. October...
Eliz.Lex.AB.S. ()etd*x r
...
Ches.O. A 8.
Cheshire
('lies. A
W..jQctdrier...
(August.
...
Lenoir..|8e]*tcnib’r.
Chicago A Alton July
1 0,021
14,02 L
20,8521
1 7 ,;>77
002,22 1!
1,212,050!
02,504;
201,0001
20,122!
50.077
200,000
572,7821
0,747,4 08
21,221
8,030,410
54,4 82
120,050
128,078
222,002
42,484
124,472
181,475
1,070,077!
1,778,104
1,073,013
122,205
1,042, 120 1,005,502
1,282,S 12! 1,101,850
10,1 15
8,013
38,508
31,050
1 1,408
7,740
413.272
372,031
101,530
00.071
210,833
181,437
01,283
02,028
0,530
0,212
817,0 11
715,1 00
13,008
30,2 14
.
j
5,228,0751
501,099
581,009
500.010
8,020,274! 7,725),723
8,510,088! 7,053,255
202,011
3 1.7,584
3,088.151
80 1,01 1
3,397,310
1,580,510
1,307,4 07
35)3,22!)
410,158
700,820
4,7*82,572
...
1887.
Jan. 1
1880.
303,205
47.351!
39.5)25
70,031 •
0,830!
54,034
23,05)7!
50,572!
98,500!
14 3,732 j
53,508!
20,0331
129,720!
39,510
|3 Wks. Oct.
41,55)8!
Septemb’r.
43,574 j
131,0231
Latest Date.
1887.
$
I
340,880;
-
to
I
*
j
2.804
|
188(k
$
j
$
3,431,407 11,724,5)02
1,5)81,808 1,015),335
1,734,918 1,382,123
50.325
20.210
5)07,327
45,997 1,405), 1-80
8 1,000
3,958,215)
173,050; 1,127.453
45,400 2,877,382
15,71 oj
83<), 251 j
154,0251 1.071,273
13,105 j 1,210,45)0
3;>1,770
234,410 1,5)7 1,709
910,525
1,137,430
3,120,884
1,144,200
2,030,826
552.365
1,087,070
401,420
........
Mobile A Ohio’- October...
257,173 i
1,082,054
Nash. Cli. A St.L. October
205,024! 213,200 2,520,810! 1,957,057
Nevada Cent
! August
8,5)72
5,05)7
52,0891
38,584
New Brunswick. Septemb'r.
81,407!
75,180
590,128
589,257
N.Y. Gen. A II.R.‘October..
3,534,5)00 3,15)0,39} ,29,S10,099 29,820,121
N.Y. Citv A No
Wk. Oct. 8
11,358
12,473
•1 114(5!
419,243
(N.Y. L. E. A W August...
1,769,759 1,659,120 1 3,< <6-1,888 11,779,098
August....
604,28.8
577,317 3.960,7 21 3,992,606
N.Y. A New Eng Septemb’r
411,65)1
35)0,772 3,102,700 2,90(5,645
N.Y. Out. AW.. 2d wk Nov
28,678!
25,680
....
..
N.Y
Septenib’r.
2d wk Nov
Septemb'r
Northern Cent'l. ScptembT.
Northern Pacific 2d wk Nov
92,7131
452,(532;
35)4,5)22
1st wkNov
1st wk Nov
94,535) |
Ohio Southern.
Omaha A St. L
October
61,125)1
36,631
.
1,182,552
i 5 85)4507
102,817
75,759
43,128
555S, 1 <53
317,988
7!)9,291
3,581,353
2,779,745
390,078
472,5)15 4,(579,189 4,000,834,
3 2 2,100 11,7 1 1.510 10,802,593
89,828 3,. .3( ),2 1 3 3,295.087
4,530
267,100
161,004
54,95)3
■172,018
415,936
54,355)!
Ohio A Miss
Ohio River
1,353,085)
3(5,623
9,500!
35)5). -555
Septemb’r
34,(532
Imp. Co Septenib’r.
362,143! 2-8(5,569 2.571.4 31 2.144,741
Oreg. R. A N. Co. Septemb’r.
487,2 1.6;. 55(5,()(!(! 3,59 i ,3< >5 3,7(5!),281
Pennsylvania.
Septemb’r. 5,006,568 1,674,052 11,053,674 36,866,283
Penn. Company.
-Oregon
..
No. W< st. sys.. "Septemb’r. 1 74 2,095 1,4
52,805 13,178.102 11,230,602
So. West. sys.. Septemb'r.
1,274,380 1,145,353 K!.;;5> ,570i 8,595,0L6
Peoria Bee. A Ev. 1 st wk Nov
14,<i!)<5
11,5)55
7::<*712
684,(517
Petersburg...... Septemb’r
28,17 9
25,(557
29.r,578
270,714
Pl.il;:. A Erie... Septenib’r
335), 523
357,03-1 2,971 95 i 2,097,762
Septemb'r. 1.96895 J 2 1,>34,1 14 B005,53 1 ! 14,194,341
Septemb’r. 2,135,081 1,(54 8.8 1 5 1 *' r-;
° 10,878,4 75
Pitts. A West'rn 1 st wk Nov
37,89!)
3!, 5-2!
1,7 c>! L I 12 1,313,531
Septemb'r
33,1(54,
2(5,792
255,592
222,212
August.
8,33,;
Pt. R'alA W.Car. Septemb’r
27,6.58 16.553
1’sd r'ds 11 w k N < 1 v
235),30 0
2 i
6.5 70,658 0,094,332
Rich. A 1 ’etersbg. Septemb’r.
18,866
! 7 1,0.-.7
157,545
Rome IV. A (>g. Septenib’r.
335,<:o4
9, ■;<;
293.5 to
2,096.431
rst.l,.A!t. AT.II. 1 st wk Nov
49.1 t ;>1
37.9.::;
i, 2 75(55
1,571,024
Branches
1 st wk Nov
21,330!
17.2 14
7 9.'.556
652,192
St.L. Ark. A Tex 2d wk Nov
77,971
I -a 7<•-va
1, 170.(54 8
St.L. A San Fran. 2d wk Nov
159,5(;0
1 12.97'.
5.3'-.'-750 4,12 1,388
St.Paul A Bull dll 2d wk Nov
42,522
3 19*0-1
*7 79.-•* !' 1,363,092
Si.P.Min. A Man. < >ei<tber
1,0(51 ,!->33; 950,057
94."*, 1 20 5,910,004
<
Ar.Pass. h-toboi"...
(5 V, I'.i.'y
12.5,5.61
Seioto Valley
Septemb'r.
717 6s
> o.-i
J 7
579,698
496,15*6
Seab’rd A Bonn Septemb’r
65,638,
4994:71
Shenandoah Val October
95,000
si. t=:,-i
7'2,778} (515,288
South < ’aroliria
1 12,257;
Septemb'r.
101,8*.;)!
.956, i 58
771,214
So. 1 ’aeilie (’<».■—
-
...
...
...
4,237,494
Chic. A Atlantic 2d wk Nov
1,80-8,01 0 1,108,439
Chic*. Burl. A No. Septoinb’r.j 173,002
1,780.113
Chic. Burl. A (J.
Septemb’r. 2,10 1,021 2,724.588 20,200,035 15),3*20,803
Chic. A Fast. 111.
53,1011
IstwkNovj
41,5371 1,720,401
1,45)2,37!
Chic. A Ind. Coal 1st wk Nov|
lO.OOOi
3,052!
220.-57
Cliic. Mil. A 8t.B. 2d wk Nov
053.000! 021,tb3'21,4 05,854 21,22*1,039
(hd.liar.AS.A. Septemb'r:51
2 9 5.05*7
Chic. A N’thw’n ‘8epteinb’r 2,853,0 12
2 1 8.8 1 1
2,4*54.45)8 1 ,!)20,582
,749,151 j 151.512,757 1 S3 >00 ;719
Louis’u West. septemb’r
Chic. St.L.APitts Oclober
72,!):;0:
< i\>.
5-7,2(7 j
85(5
-It 59,25)7
54 5,350
4 05,031
470.1,023
Morgan's
LAT.
■3,5)30,089
Septemb’r.
Chic. 8t.P. AK.('. (telobcr
375.75!); 33! *',96 7; 2,-35 ! 7-28 2,899,017
39,4 St!
j
21,202 )
N.Y.
T.
A
Mex.
1
7. it*2
Septemb’r. j
Chic. St.l’.M. A( >. ‘Septemb’r.
t
! 2.4.2 001
1 1 1.260
:oj
7(52,1 St* I 01 8,1 l 1 4,8 19,015 4,300,95)5
Tex. A N. Orl.
Septenib’r.
109.5)5)3
Chic. A W. Mich. 1st wk Nov
82.9-5
9'7.92 1 !
711.312
29,993 i
27,159 1,209,198
A (lan’e system
1.15)5,1
12
Cin. Ham. A 1).
Septemb'r.
871,2(5,';
725.;71: 94 9 I -t-.-*:? • (5.11 1.4 29
Septemb’r.j 301,24 1 j 281,5)4 7 2,15 s,20!) 2,157,08(5
1’aeilie system Septemb’r. 2.(527.35 i
Cin.Ind.St.L.AC.1 1 st wk
2.529,2 15 1 !',;:* ,;:o6 17,214.730
51,3(57
•15), 000 2,278.378 2,195,157
Total of all
Sept emii'r. 3,15*8,920 3.0 !
Cin.Jack. A Mac. I ill wkOcti
.V 2(i,o .- ( <2 < 23,329,159
15,94 2 j
1 1.885
402.3 13
35!),, 87 So. Pa<*. BB.—
i
Cin. N. O. A T. P. 1 st wk
(18,987" j
Novj
50,95 1
2,82-1,329
No.
Div.
2.35)5,15
1
(Cal.) August.
Ala. (it. 8outh.; 1 st wk
1(58,971
1- ",827; 1,1 27.590980,449
Novj
32,177j
28,297 1,28-1,34 1
So. Div. (Cal.) August. ...;
5)82,05*0
-19 1,132
N. Orl. A N. F jlst wk Nov
15U-.2;' 5 2,97!. 12 !
1 • 1,5381
1 9.920
2,079,502
502,83 i
Arizona Div
513,187
August.
.1
1
Vicksb. A Mcr. 1st wk Nov
22,4
1
10
,7
7.
1.9
1 »!,,)<) 1
=7.51 8 1,020,673
12,00 1
•11 0,1 08
4-13,99 1
New Mex. 1 >iv August. ...;
51.65 s
Vicks.-Hi. A P 1st wkNovj
4: ,5 2!
] 8 J
, (i
17,028
1 1.00!)
451.939
4 0 1,5)05!
55)1,833
Spur.
I'm
o!
A
<
Erl an.ire r Syst
Septemb’r
7,1
74
5.7
;
1st wk Nov
|
<710 l-1
14 8.(18 1
1 25).201
54.4 11*
5,5s< 1.1 <;-!
4 955)5,71 1
Staten is.4fap.Ti October.
I
65.591
Cin.Bich.AFt.W. 1st wkNovj
595
4:
l!
74:'7<:9
693,591
9,0(15
7,58!)
3 52,025*
322,502 Texas A Paei-ie 1 .-t wk .\<>v
176.8.1 .
Cin.Wash.A Balt. 1st wk Nov!
1 ;;;
1 ,‘>2”•
5
1.7(53,219
4s,oi!)|
35*,775 1,801,(*1 9 1 1 ,(>75),4 73
2d wk, Nov,
Clev.Akron ACol 4 th wk Oct
\ f>7’;*, |
313.025
15,947!
14,4 05
4 95*7 7 2
12.‘455!
9.7 9
•155,277
2d wk Nov
L!
i:
Clev. A Canton October...
3
\
5 7, -07,
696,795
40,lOO j
31 1,479
1)!),^ 1 (>
Tol. P. A West
25)0,
127
1
si
wk
Nov'
22.80(5
.*
Clcv.Col.C.A Ind Octola r...
JO.ev.7
4 13,558!
(’2,59* ]
737,1(56
35)4.820 3,734,55)9
3,4 13,973 Fnion Paeilie
Clev. A Marietta 1st v k Nov
Septemb'r. 27-13.5*80 27« 1T..'!*:? 2t;,7- 17" 1 8,830,058
7,203
5,029
290,210
Yalloy of ( dun.. Se pt cm uT. •
C<cur d’Alene... Septemb’rJ
594.12
.17.
4 31,081
•,9 it*:
10,108
V.'ab. Y\ < stei it... 2d wk
Col. A Cin. Mid
!; •: 4 <
Nov, 1 27.' )•»{.)
1st wk Nov
I .S( (5, > (-2
57 *.
.12
7.170
87
’*5.8
2*78.270
298,238
Wall.,
F.
of
Miss
a
*;
;
i
1
*
• -; f
illy
| <:6s.573 7-5:1Col.Ilock.V. A T. 1st wl; Nov'
:l;f 195,899
73.742
71,373
2.305.057 1,5)01,5)15
c.-4 .11 r.-ey.... Septemb’r.
1 35>,vSt 1.'
Detiv. A Bio
1 3,5, ,'99
2d wk Novj
1 77,000;
1 .<57 7.111
l.Ui.e 7-5
I 55,7 38
0,8,59,,
5)3
Wil.
Col.
A
A
inr
0,
t
(!•
>,-(
33
Deuv. A R.G. W. 1st wk NovSeptemb'r.!
79,4: !
557 9.;:
5.*.::. 1
1
2 1,000!
477,316
18.175
.5)78,222
8(55),838 V heel. ug A 1
2d as k N*0 v
15.89-;
t
t
17.7,::
v...>
Bet.BayC.AAlp. October.. !
j
505.136
37,700
28,902
40 1,073
1 .88,| r(
Wisconsin ('» »t»' 1 1st \vk
5-.;
X0vj 46.233
Det.Inins’gA No. 2d wk Novi
15:: - 4. ..7
1,2*8,703
23,01 1
23.091
< hie. Wis.vk M. 1-1 w k
998,173
1,(.)«.)
4
t
•>
!
Nov
12.17(5
Det.Maok.A Mar. 1st wk Novj
.7.7.
46. ,9 12 ‘
12.035»
8,1 15
3 10.4 8g
31.in.St.C. ,v VV-. 1 Si wk Nov
09 0
E.Tenn.Ya.Ana.! 1 st wk Novi 1 15,5182
:• j|
7.*'B9
77 2;
ojjy
85).39!) 4,427.005 3,527.019
Penokee
Br...
1
st
wk
Evans.A Ind’plis 1st wk Novj
Novj
F425.
5,127
3,7 13
200,720
Wis.
A
1(55.1(51
Minn..
1st
wk Xus1
Evansv. A T. 11. 1st wk Nov:
•2.1 ! 5
d- 54
*2-47 0 5
1 (50,4 17
15,020
12.158
7 19.97 1
(>.)(!, ! .>‘5
Flint A P. Man;. 1st wkNov50,590
37,307 2.P92.78!) 1,820,7-*5
j And branches.
Mexican curtvney.
Fla.H.ANav.Co.jlst wk Nov!
cNot including earnings of N. 5".
89 1.07 1
23,013.
77(5,51)3
Et.W.A 1 tend 'it \ 1st wk Novi
tNo! iueluding Cel), ol \. .1. in <*it ii
1 3,900
20,500
58 1,0> 7
3(50.35 !
•r \
Georgia Paciiic ,;lst wkNov!
28,132
22,4 05
*; ill; lading 1 lid. A St. Louis.
1.000. 12 1
(5 f5,OSS
Gr. Ba]>. A Ind. list wkNov;
4 8,053
4 1,55)7
2 9 >28,283
1.72!*, 31(5
Grand Trunk...-Wk. Nov. 5| 380.000
L:i1 j'st (irj-'.s E.;rRings I
379.050 15.33(5.820 1 1,3 15,919
t i
latent weekly
(in.Bay W.ASt.By'eptemb’r. j
37.230
3
19.101
2 10,03(5
33,710;
earnings
in
tin*
Gulf Col. AS. 1'e. October
;;
.-unimcil tip
j I > / 8,7 97
201,089 2.1'« 1,807 1,759,212
below.
lions. A Tex.Cell 4th wk Oct
100.753
5) .1,073
2,202,2 10 2,2 ! 1,0(58
llumest’n AShen Septemb’r.
10,5)08
roads for the second. *•
j
1 1 1,922
17.197:
1 17,25(5
•g rober have
Hl.( 'em (Ill.A So) ()etober
1
138,38, > 9. 155.2 1 2 -8.(52 1.8(57
increased their earnings Id
CedarF.A.Min. (tetober
per e :d.
*.-nr.
One of
j
100,25)8
1 13.234
them shows a triilimrdecrea.se.
17.198,
Bub.ASioux C. October.
91,122 i
109.5)5* 11
j
(58(5,978
7
la. Falls A 8. ('. ()etober
70,51 7!
79.731
54-7791!
521,10(5
Ind. Bloom. AW. 1st wk Nov,
02,05)1 ’
02,212: 2,252.791
2d icak Of X< re<aO(r.
2,1(57,(580
Ind. 111. A Iowa ‘Septemb’r
1887.
13,178!
15,243]
Ind. Dec. A Spr October...
38,518!
34 7790
40,153!
3
15.290
Ind. A' St. Louis 1st wk Nov
A
45).1 13!
37.933! 1,82(5,5(55 1.571,021
Buffalo N. V. A Pliila....
Jack. T. A K. W. ‘Septenib’r
53,000
.Vrt
20,701 j
23,770'
3558,2
I31
1 8 1,1 19
Bulfalo Boeli. A Pit
A(i i’ll. 1 st wk Nov
39,300
53,88'J:
2.28').770! 2,0-88,537 Cairo \ ineeum s A (shurg
4-5)719}
Ivan. C. Sp. A M 1st wk Nov
Ch.ie.
19.02
[
i
38,171 i
33,59((j 1713.5 171 1,2 (5. >,(51 7 Canadian Paei-ie
Kan. (’. ( 1. A Sp 1 st wk Nov
301 ,05 it.'
5.312)
3.528
217.8331
195.045
Chicago
A Atlantic
Kentucky Cent October
43,95)8
101,700!
92,290
7(55,050
881,402!
Chicago Alii. A St. Paul.
Keokuk A West. 4th wk Oet
953.000;
£8,802:
7.195)!
2(51,078
218,750
Denver A Bio < Jrando
Kingst'n A Pom.'1st wk Nov
177.00-0
2.8801
2.591 j
I)etroir Bans. A Nort
Know. A Ohio .jSeptemb’r.
23.01 i,
41.029
3.), i 0;>.
Omg Island
Lake E. A West 1st v k Nov
00,991
43.081
30,293,! 1,7. >; 1. (5 (> 1.477.078
Louisville N. Alb. A Cliic
Lehigh A Hud.. October
47,351
15,074
20.390!
15)8,871!
1 77,0(5(5
Louisv. N. O. A Tex
L. Rock A Mein. 1st wk Nov
70,021
23.75)3
l
55)7.0 13
30740;
Milwankei* L. sh. A West
Lone Island
2d wk Nov
53,508!
.49!)!
(>0,001
5 1,4 Isj 2,5)209570!
8,0 18 j
2,712.815
Milwaukee
A Northern..
Louis’a A M/>. R. j.Iuly
20.033
55,5)27
.Till!
51,005
4,323;
328,215
300,723 New York Out. A West..
Louis.Ev. A 8(.L. 1 st wk Nov
28,078!
23,503
*18,2191
2,998 j
845,012!
719,263 Norfolk A Western
5)2,713
1
...
Novj
.
...
.
-
.
,
..J
..
..
*
■
.
t
,(
,
-
..
j
...
■»•
.
*
.
■
..
.
,
......
foregoing t:iVw
..
Twenty-three
...
..
...
|
..
..
<
...
o!>o;4<;oj
ddirj
0,5*54'
2d week of
$
72,522
29,001
43,522
8,318
3,417
7,4(50
$
$
391,922
Northern Pacific
St. Louis Ark. A Texas...
St. Louis A San Fran
gt Paul A Duluth
Toledo Ann A. A No. Mich.
Toledo A Ohio Central
Wabnsli Western
Increase.
1886.
1887.
November.
322,400
48,670
77,071
156,500
112,978
A O ‘A99
34,004
12is05
127,000
9,448
18,305
109,000
15,840
12,732
3,114
2,182,350
340,95(5
25,705
Wheeling A Lake Erie....
Total (23 roads)
Net increase (10-03 p. e.).
671
THE CHRONICLE.
November 19. 1887. J
2,532,205
October.
1SS6.
1S87.
Decrease.
Roads.
$
Net...
•
Marietta Col. A No. ..Gross.
Net...
••••••a
349,909
For the first week, seventy-nme roads have reported, and
the gain reach.es §729,152, or 14 15 per cent.
Out
but four show losses as compared with last year, the total
decrease being only §5.6913.
lit week or
1887.
November.
Prev’ly report’d (2 4 roods)
Atchison Topeka A 6. Fc.
$
2,559.888
393,984
California .Southern
Central of Georgia
•Chicago A.Fast Ills
Chic. A West Michigan...
Cin. Ind. St. L. A C
Cln. N. O. A Texas I’ac...
Alabama (It. Southern
New Orleans AN. F
Vicksburg A Meridian..
Vicksburg Shrev. A Pae.
Cin. Rich. A F. W
Cin. Wash. A Halt
Cleveland A Marietta"
Col. A Cin. Mid
Den. A Rio Or. West
Detroit Fans. A North
Detroit Mack. A Marq
EastTenn. Va. A (la
Evansville A hid
$
$
311 ,,‘>17
(5,(5(5 /
42,379
17,317
5,811
71,559
ooo
3
53,191
29,993
51,3(57
(58,987
32.177
.
16,538
13,351
17,(528
9,065
48,019
7,203
Grand Trunk of Canada..
Ind. Bloom. A West
Kansas C. Ft. S. A Gulf
Kaunas C. Spr. A Mem ...
Kansas C. Clin. A Spr
..
Kingston A Pembroke
Marquette Hough. A Out.
Memphis A Charleston...
Minnesota A Northwest..
Ohio A Mississippi
-
1,170
39,775
5,127
5,620
50,590
27,858
20,500
28,132
48,(553
3,743
12,458!
3.102
5,02(5
20,404
8,145
23,013
13,(5001
22,4051
4 4,597 i
4,(511
1,784
2.880
2,5(51
30,2(53,
26,7 H
18,219
303,205
2(5,240
*0,05*
5,915
7,4 29
<5,1 19
4.635
5, * * 1, ! 5! l
*
A St.
Sept ember.
Gross.
Net
(lane Fear A Vad VaLGross.
Net...
Gross.
Net...
(’..Gross.
Net...
Fast Telia. Va. A (.;i.Gross.
Net...
303,244
October.
1880.
1887.
15.733
8,340
205,024
114,917
213.200
85,786
DECEMBER 1.
paper, and the report of the President
be found on a subsequent page, under
Documents.”
The report contains
The statistics,
100,24
193.*00
10,3*!)
91,201
comprising in all 62 piges.
compiled for the Chronicle, are as follows :
OBB RATIONS AND FISCAL RESULTS.
operated
5,374
7,729,723
3,24!),887
S,( >2(
1,78(5,4 13
173.062
3(5.34 8
•
1/32
1885-86.
1,032
740,439
50 J,4*1
394,3*0
3,755,348
191,057
1(57,207
1,029,*84
2,9*1,003
927,392
£
64,22(5
18,22(5
Mil..(Boss.
23,8(51
2-1.9S4
1 *1.6 10
8,572
9,820
$
14,790
$
1,2*3,721
Net...
*
139,337
1 1,749
3(52,4 4 3
1
10,19(5
1*7,246
227,959
132,255
1 1,803
286,5(59
92,1 73
55* 5,00(5
303,244
51
8,500
135,007
15S,*2!)
2,971,431
HI 1,901
3,591,305
1,502,071
Rate per ton per
lo.
.
40,377,224
39,655,751
2 53 els.
2*53 Cts.
201,701,750
221,906,324
1-19 ets.
mile
Turnings—
2.503,432
702,933
451.8 12
92,283
1*7.204
55,!)75
$
1.271.204
233,710
2,14 4.74 1
54*,! 187
3,7(5!),281
1,010,327
l.c 86-97.
1,032
-12, / 6of4b8
2*53
$
986/ 93
2,407.4(53
2,544,706
c s.
29J,6 7,5(51
103 cts.
1 14 cts.
$
1,020,922
$
2(55,472
253.493
1,0*5,936
3.031,179
251,00 6
3,093,857
3,778,292
4,368.181
552,180
551610
1 lift 905
788,945
217,163
7(8,356
747,729
826,053
General.
801,(518
819.467
163,695
169,713
199,803
Total
2,504,170
2,404,313
1,373,979
2,901,229
1,466,952
’
Passenger
Mail, express, Ac
Total gros earnings
O/ crating expenses—
Maintenance of way,
Maintenance of cars
Ac
167,212
Transportation expenses
Nil
1,189,667
earning*
*
1,898,204
Net...
Net...
-
774.079
Chic. A Gd. Trunk..Gross.
Co...Gross.
•
1,992,832
838,208
...
■
99. *22
2,701.554
Net
m
245,523
119,176
56,111
15,490
<;ross.
•
255,26 8
101.937
335.544
...
m
•1 17,7(5(5
.£
Passenger mileage
Rate per passeng* rp( r m
Freight (tons) mileage
4
78,129
4,113,4 1(5
128,6*0
Net
$
1,519
35(5,596
Gross.
1 886.
and Vice-President will
the title “ Reports and
much statistical matter,
1884-85.
470,430
100,18!)
20.5*0
30, 1887J
name-ly, Samuel Thomas, C. S. Brice,, Alfred Sully, T. M.
Logan, John G. Moore, George S. Scott, John II. Inman and
E. Lehman, were elected by the holders of the first preferred
stock, and seven directors, namely, John Greenough, William
L. Bull. Richard Irvin, George Coppell, Thomas P. Fowler, C.
M. McGhee, James E. Grannis, were fleeted by the holders of
the second preferred and common stock.
The first annual statement of the company is an interesting
*
557,88 1
1*1,314
28,(53 i
1 1,329
t) i
the
r-Jnn. 1 to Sfpt. 30.—,
2(5,920
859,455
preferred
1.
1
*
2,355,835
3,235,901
& Georgia Railway.
(For the year ending June
j* and consists of a pamphlet
5S.525
1885-6.
$
The stockholders of this reorganized railroad held their an¬
nual meeting at Knoxville, Nov. 16.
Nine millions of
first preferred and thirty-one millions of the second
Eight directors,
and common stock were represented.
J>
1 *87.
r-Dec.
1 to Sept.
30.—,
IQOC.7
i
1886-7.
$
28(5,569
92,173
110,196
East Tennessee Virginia
5,003
,
,
1886.
362,443
.G ross.
Net...
19,233
1,437,908
682,537
( 50(5,8(57
/— July 1 to Oct. 31\
1886.
1887.
$
5?
135,521
138,976
32,428
50,205
87(5,255
1,066,530
365,009
490,050
ANNUAL REPORTS.
(5,531!
1**6.
,
$
33,816
5?
40,100
$
Oregon Imp. Co
31,3 SO
33.5 15
7,710
1 1.155
Net...
Grand Trunk of Can.(truss.
227,959
Roads.
11,510
4,08(5
(55.837
M
Ore. Ry. A Nav.
1,310,396
September.
iQOf!
21.500
Cent. of New Jevsev.Gross. 1.042,120 1,095.503
552.5!) 1
4 69,007
Net...
Co
556,006
Total miles
BKOINNING .TANUAliV
Rnftds.
Ore yon Imp.
1 20,(580
24,(558
[80,9(57
8,6*2
>’7
1887.
2,741
2,075
s
Mexican National
35,7(55
Gross.
Operations—
1**7.
Det. Gl\ II. A
41 2,389
YEAR BEGINNING
Lotii-d
,
Cin. Ind. St. L. A
470,(513
720,152
YEAR
No
167,207
Nash. Chat. A St. L..Gross.
Net...
Monthly to Idifost Dates.—-The tables follow,
ing show tiic net. earnings to latest dates reported .the return
for each road being published here as soon as received, but uos
kept standing fr m month to month. The first table include8
all roads hr the latest month and from January 1, 1887
the other tables showing those roads separately whose fiscal
years begin at < iImt dates than January 1.
('.hie. Burl. A
1,090,237
191,057
41,02!)
14,745
487,246
Roads.
Net Earscng*
Chic
2*5,*67
1,370,494
707,105
24 5,523
—-
Includin.g Indiana
Ghiro Yin.'-A
99,822
394,380
*
$
101,937
Cleveland A Canton.. Gross.
Net...
5,152,307
Net increase (1 1*15 p,
1886.
1887.
50 1,181
/—
2,5-13
‘
<—tTidy 1 to Sept. 30.—,
*
1886.
East Tcnn. Va. A Ga.Gross.
Ore. Rv. A Nav. Co..Gross.
Net...
1,575
2(5.345
4,711
1,070
14
608,586
$
695,636
283,193
N et...
2,017
37.(533
17.244
4 *.(5(59
1,508,035
255,2(58
Knoxville A Ohio
5,284
43,075
11,955
1.924
214,800
44,(516
57,326
1,712,53(5
754,593
Cin. Ind. St. L. A Chic.Cross.
Net...
310
3
101.400
12(5.171
1.
September.
Net...
12,818
89,828
4,530:
12. 176
7,'-09
123,00!)
$
121
13,165
4(5,293
22.*0(5.
141.827
4,133
45.997
3,29(5
15,087
32,13*
1 76,84 1
281,947
Roads.
050
3,5281
21.330
301,241
188,,
13,223
4,815
(5,000
5,727
4,050
37,3(57j
379,050
62,212 j
49,7 19 j
33,5(50!
St. L. Alt. A T. II. Brchs
St. Louis Ark. A Texas.
Texas Paeiiie
Toledo Peoria A Vv'estern
Wisconsin ('cntral...
C. W. A M
......
Minn. St. ('. A W....
Wis. A Min
..Gross.
Net...
1,381
380,009
(52.091
53,882
38,171
5.312
4 9,1 13
10,389
2,950
S9.399!
239,300
20,5*0
14.329
,
087
115,982
*St. L. Alt. A T. II. M. Line
Total (7!) roads).-...
7,589
/
5,887
Pittsburg A Western
Rich. Al). (A leased lines).
..
12,030
3,880
<
18,175
14,(59(5
37.899
Evans
5(5,951
28,297
1(5,020
12,6(54
14,(5(59
,;»
134,472
4 1,537
7.1 7(5
23,793
23,503
346,8*0
23,(597
50,572
39,510
9 1,539
9,500
...
49,000
2,3(57
<
24,000
22,692
1 2,039
■13.081
Lake Erie A Western
Little Rock A Memphis...
Louifcv. Evansv. A St. L..
Louisville A Nashville
27,159
12,275
5,181
11 ,(>5-1
2,831
1
8,2-14
2,177
1,289
5,825
2,288
3,85)4
2(5,583
1
..
<
1886.
$
$
$
Net...
Cape Fear A Yad'Yal.Gross.
1 to Sep'. 30.—»
1887.
$
28,(5:57
Roads.
Cin. Ham. A Dav
—A pr i’t
■,
1886.
1887.
Decrease.
"*
YEAR BEGINNING JULY
2,248,571
139,656
Evansville A T. II
Flint A Pere Marquette..
Fla. Ry. A Nav
Fort Worth A Denv. City.
Ohio River
Peoria Dec. A
Increase.
48,190
71.781
29,852
Atlantic A: Pacific
Burl. Cedar R. A North...
Georgia Paeitic
Grand Rapids A Ind
isso.
932
ABRIL
September.
r-
*
38,584
5,576
$
52.(589
19,348
*
5,097
YEAR BEGINNING
1886.
1887.
188(5.
*
8,972
3,482
Gross.
Net...
of 79 roads,
66,147
114,917
1887.
Rond.
Nevada Central
47
296,427
311,479
89,993
50,325
2,520,810 1,957,057
782,203
85,786 1,132,073
,—Jan. 1 to Aun. 31.—v
August.—
Nash. Chat. A St. L. ..Gross.
Net...
........
18.000
$
$
33,816
8,346
2,804
1,687
213,200
$
40,100
ldj / 33
6,830
3,618
265,024
Cleveland A Canton ..Gross.
........
Oct. 31.->
1886.
$
r-Jan. 1 to
1887.
Per cent, of (.per. ex. to earn-
ings, exclusive of taxes
Ohio &
67-79
8(59.2 60
113,235
112,463
1,260,744
1,354,489
6363
66-42
Mississippi Railway.
(For the fiscal year ending
June 30, 1687.^
President,
The annual report of Mr. J. F. Barnard,
says:
‘‘There has been nothing special to remark upon in connection
with the business of the year.
There were no unusual strikes,
fl< ods, or other incidents to mark the
of
year afl
other than oidinary, except that on the 5th of April, 1887, the
business
the
took effect, and co-incident with
scales
that,
of freight ratfs, adopted by some of the trunk
Inter-State Commerce Act
lines, were projected into Ohio and Mississippi territory, and
both v* ere to some e xtent the cause of considi rable reductioii
in freight rates on three or four of the higher classes of goodp.
“1 he crops
along the line of your load have this year been
which ib light, and in a general way
fair, except the corn crop,
672
THE
CHRONICLE
may be stated as about a half crop, or possibly a little more
than half a good crop.” * * *
“An arrangement has been made for the procurement of
five hundred box cars, three hundred gondola cars, and one
hundred stock cars, all of twenty five tons carrying capacity
each.
The company has provided for their payment by a car
operating expenses
April
May
Total 6 months
earnings
follows:
$957,941
$754,593
$58,492:
$146,007
1886.
.
Earnings
19,953
Dec. 5
12,843
475
1887.
,
$1,508,034
Expenditures
Tnt. on bonds and div’ds
Taxes
$899,448
326,003
45,702— 1,271,154
Net inc. over charges
Less 2 p. c. dividends...
$236,880
,
as
$899,445
$608,586
4,373
INCOME AND CHARGES FOR SIX MONTHS.
“
have been
$20,85S
158,938
$163,437
142,450
155,626
153,580
183,434
159,414
138,077
135,672
153,585
170,590
July
August
September
Net
(not including taxes).
$142,583
Juno
trust, divided into ten equal annual instalments.
It is believed
that the saving of mileage on foreign cars will more than
meet the payments of the car trust as they mature.”
The suit pending in the State of Illinois a year ago, to
compel the company to provide a tetter service on the Springfield Division and to make improvements in the line, has been
decided in the company’s favor.
Since then a better service
has been rendered, and so many improvements have been
made on the Springfield Division that there is now a friendly
feeling all along the line towards the company.”
Operations, income, &c on the whole line for three years
fVoL. XLV
$1,712,536-
,
$957,943
391,344
48,000- 1,397,287
$315,248
80,000
70,000
Surplus
^
$166,880
$235,248
$68,368
Increase in 1887
OPERATIONS AND FISCAL RESULTS.
Ojjcrations—
one
mile
Rate per passenger per
mile
Freight (tons)
Rate per ton
1885-86.
1884-85.
Passengers carried
one mile
per mile
64,819,413
1836-87.
57,444,868
64.727,0^6
2 07 cts.
2 03 ets.
2 05 ets.
-
253,211,829 318,980,893 334.245,248
0-81 cts.
Earning s from—
Passengers
Freight
Expiess and mail
0 693 cts.
0 720 cts.
$1,191,590
2,063,548
2,227,255
250,971 '
253,075
$1,315,310
2,407,825
265,298
$1,330,948
Cincinnati Indianapolis St. Louis <fc Chicago.—The
and net earnings and charges for September and from
July 1 to September 80 were as below given:
gross
1887.
Gross
Op.
earnings..... .$255,268
ex.
and taxes...
.
Net earnings...
Fixed charges, les:s
miscel. income...
.
Total
r
Expenses for—
Transportation
Motive power
Maintenance of
Maintenance of
General
earnings
Net
earnings
$3,671,920
$3,988,433
$1,095,788
$1,021,344
719,402
170,8W0
$1,027,570
676,571
518,634
653.623
183,973
512,435
166.032
226,333
150,365
513,050
282,92 4
$2,670,736
$974,731
$2,597,708
$1,074,212
$2,650,480
$1,337,953
$974,731
$1,074,212
$1,337,953
$1,024,900
49,000
$1,026,415
53,000
$1,024,716
$1,073,900
def.$99,169
$1,079 115
$1,081,716
ears
wav
INCOME ACCOUNT.
D isbu rse m en Is—
Interest
on
debt
Sinking fund
Total
Balance
57,6 00
def.$5,203sur.$256,237
GENERAL INVESTMENT NEWS.
Boston & Providence.—In Boston,
Surplus
.
<-J\dg 1 toSep. 30,3wos.-s
1886.
1887.
1886.
158,331
$245,523
150,616
$707,105
436,238
$695,636
427,188
$96,937
$94,907
$270,867
$268,448
33,333
47,925
99,999
143,775
$63,604
$46,982
$170,868
$124,673
.
Total
Net
$3,645,467
September.
/
Des Moines Csceola & Southern.—This railroad, at the fore¬
closure sale in Des Moines, was bid in by M. Y. B. Edgerly, of
Springfield, Mass.. for himself and other bondholders. The
price paid was $305,000.
Housatonic.—The gross earnings of the Housatonic road
were $988,549; the
operating expenses, including the rental of.
the Danbury & Norwalk, the State tax of the latter
being
comprised in the rental, were $751,282; net earnings, $231,267*
Indiana Bloomington & Western.—The third step in the
reorganization of the I. B. & W. system and the corsolidation
of the various lines has been taken by filing articles of con*
sc lidation of the
Springfield & Western Railroad Company
and the Indiana & Western Company, the line
junning from
Springfield, Ohio, to Pekin, 111.* The joint capital stock ia
$13,325,000. The directors are Austin Corbin of Philade’phia,
C. W. Fairbanks and C. E. Henderson of Indianapolis; John
A. Glover of Urbana, Ill., J. B. Mason, E. L. Stewart and
Wm. Beckwith of Danville, Ill. The complete reorganization
of the system will be made in
January, and it will then be
known as the Columbus Indianapolis & Western.
Nov. 16, tbe annual
meeting of the stockholdeis of this railroad was held. The
directors were authorized to borrow $2,000,000 for the purpose
of paying the floating debt.
A 1 allot was ordered for choice
of directors and to authorize tbe directors to apply for legisla¬
tion to enable the corporation to lease the road, such lease to
he subject to subsequent ratification by the stockholders.
Knoxville Southern.—Work has been commenced on the'
The vote on ratifying tbe lease was 24,176 for and 1,114 against.
Knoxville Southern Railroad, which is to run from Knoxville
The proposal to issue bonds was adopted unanimously.
to Atlanta.
The new line will be an extension of the Marietta
Central Iowa.—There is one portion of the line which has & North Georgia Railroad. The city of Knoxville has given
not yet been taken cut of the hands of the receiver, and that the road $270,000 on condition that the work shall be com¬
is the line between Keitbsburg and Peoiia, Ill.
Some compli¬ pleted within eighteen months.
cations exist in regard to this portion of the property, and no
Milwaukee & Northern.—This railroad company has just
order of ccuit has been secured for its sale, although Mr.
completed the extension of its main line about 52 miles to a
Thomsen, the counsel for the New York bondholders, says
junction at Republic and Champion, with the Duluth South
that it will be foreclosed and sold within
the next month.
Cheshire.—The comparative annual report of the Cheshire
road shows the
following
:
Year ending Sept. 30Passenger
.
1887.
1886.
$202,316
$19,121
26,101
$183,195
412,635
32,241
$670,828
451,339
$628,071
393,633
$42,757
57,706
$219,489
99,000
$234,438
99,728
*$14,949
$120,489
126,000
$134,710
105,000
'$14,221
$5,511
t $29,710
Freight
Miscellaneous
Total
earnings
.
Expenses
.
Net
Charges—
Balance
j Dividends
Deficit
*
Decrease,
t Six per cent
in 1887; 5
per cent
in 1886.
Increase.
29,776
*6,140
*728
21,000
$35,221
; Surplus.
Chesapeake & Ohio.—Work on the Maysville & Big Sandy
Division of the Chesapeake & Ohio Railroad has been discon¬
tinued for the present. A great deal of stone work will have
to be done before the road will be in condition for track¬
ing.
Chicago & St. Lonis.—The contract for the
construction of
75 miles of roadbed for the extension of the Chicago & St.
Louis Railroad from Springfield to Eureka, Ill., has been can¬
the road has ceased.
Cincinnati Hamilton & Dayton.—The Circuit Court in
Ohio has overruled tbe decision of Judge Vanderveer, and
has refused to appoint a receiver for this company. The
Auditor submitted the following statement of income ac¬
count for the six months, April 1 to Oct. 1, beirg the first
celed, and work
on
half of the current fiscal year :
Shore & Atlantic Railroad.
Missouri Pacilie.—A circular to the stockholders, Nov. 10,
said: “ In answer to numercus inquiries by
the stockholders,
the following statement of the earnings and
expenses for tho
first nine months, ending September 30,
1887, is furnished for
their information :
Gross earnings of tlie Missouri Pacific
Railway Company
(including St. Louis Iron Mountain
Southern Railway),
3,258 miles, from January 1 to September 30. 1H87, nine
mouths
Operating
$15,520,929'
9,426,338
expenses
Net earnings from tratlic
Less interest accrued on bonds for nine months
ending September 30
$3,446,110
Less taxes paid
Less rentals
186,114
'
Total
Three
$6,094,590
64,411
$3,696,636— 3,696,636
quarterly dividends on the capital stoek, April 1, July
1, and October 1, 1887
$2,397,953
2,238,614
Surplus
.
Additional income received from shares and bonds of ex¬
press, coal, sleeping ear, and other companies, owned by
the Missouri Pacific Railway
Company
$159,339
1,273,953
Surplus for nine months ending Sept. 30, 1887...
$1,433,293
(Signed)
C. G. Warner, General Auditor.”
“
Nashville
Chattanooga & St. Louis.—The
October and the lour months
following:
<
Gross
earnings
Operating expenses
statement
for
ending October 31 shows the
October.
1887.
1886.
■>
^-4
mos.
end. Oct. 31.—*
1887.
1886.
$265,024
$213,200
$1,066,530
$876,254
150,108
127,414
576,481
511,246
$114,916
$85,786
$61,747
5,984
$58,156
6,248
$490,049
$247,263
$365,008
$233,263
51,122
23,323
$67,731
$47,185
$64,404
$21,382
$298,385
$191,664
$256,586
$108,422
EARNING 8.
1886.
April
May
Juno
July
August
September (1887 estimated)...
33U. Total 6 months
$215,829
215,505
222,315
283,661
288,774
281,947
$1,508,031
1887.
$249,454
273,337
275,630
Increase.
$33,624
Net
earnings
Interest and taxes......
57,832
53,314
6,852
Improvements
301,241
33,583
19,293
Surplus
$1,712,534
$204,498
290,514
322,358
Total
Nevada Central.—The Purchasing Committee propose
to
modify the plan and agreement of purchase and reorganiza-
'
November
THE
19, 1887.J
'
$750,000
June 1,1887, so as to provide for an issue of
first mortgage 5 per cent income bonds, interest payable out
of net earnings only, and non-cumulative, in lieu of $750,000
first mortgage 4 per cent bonds, and for an issue of $750,000
tion dated
Not balance on
$1,000,000 stock.
New York Chicago & St. Louis.—The Nickel-plate Com¬
pany’s new stocks and bonds were listed at the Exchange last
week, and the Company’s application in full is given for in¬
formation on a subsequent page. The issues are as follows :
Annual
of stock of the new company
in lieu of
Amount.
bonds
mortgage nuking
1st
1st prefers d stock...
2d preferred stock
Common etcck...
per
fund
.
cl.
4
5
5
$20,0l0,000
5,000,000
11.000,000
14,000,000
$180,000
Sundry interest and discoimts
1**. 4,000
Surplus, available for additional rolling stock, improve¬
New York Stock
$71,609 *
Exchange.—The Committee on Securities
have decided that ninety-
Int., d-c.
$300,0(0
100,000
250,000
550,000
bonds of the Cnicago & North¬
Railway Company, due 1909, with coupon payable
Nov. 1, 1887, attached, are not a good delivery* also, one *
hundred and three first mortgage 6 percent bonds, due 4S20^,
of the Missouri Pacific Railway, with November, 1887, coupen
attached, and 50 terminal mortgage 5 per cent gold bonds of
the Chicago Milwaukee & St. Paul Railway Company.
Nq
western
cause was
sinking fund
charge; for
2d pref.
assigned for this action.
Northern, N. H.—Business
arrangements have been entered
Railroad is to operate the
the same terms as if
into by which the Boston & Maine
Northern road for a term of one year on
the Hazen bill had beet me a law.
Ohio &
Northwestern.—This railroad has
completed the
gauge, and the
mouth startf d soon after.
change of
.—
188(5.
1887.
earnings...... $1,1 (>0,255
Operating expenses.
01(5,(511
Net earnings
Rentals and taxes...
$213,(514
$005,108
(537,001
$2(58,107
48,001
102.102
$101,(553
$1(5(5,005
figures above, showing gr< ss earning*, it appears
that if the road could be operated at 67 per cent of its gross
earnings, including rentals and taxes, it would have a surplus
From the
charges and 3 per ctnt
past year there
loadway which
were charged
to operating expenses, but when the benefit
of these improvements is felt and the operating expenses are
down to a proper working basis, the chief problem with this
road will evidently be as to the ratio of earnings at which it
can be operated ; the Lake Shore road is opeiatcd at about 62
per cent, and Michigan Central and Canada Seuthern at 69 per
or sufficient to pay prior
the second preferred stock.
During the
have been large improvements made on the
of
184,000 *
first regular through train for Ports¬
The track will be placed iu perfect
condition as soon as possible, and as soon as the new equip¬
ment of cars arrives trains will run regularly, an t the O. & N.
$4,5 (>0,5 01
$3,505,108 W. will be prepared to handle quickly its increasing passenger
3.242,082
2,117,818
and freight traffic.
$1,327,500 $1,177,350
Pittsburg & Lake Erie.—The court ba« ordered a re-argu¬
202,273
115,0(5(5
ment of the case of Cornelius Vanderbilt against James I.
$1,035,230 $702,284 Bennett and others to break what is known as the Pittsburg
& Lake Erie Railroad Company's stock trust dted.
It appears
—
Surplus
$25^,600 *
of the New York Stock Exchange
nine 5 per cent gold debenture
(when applicable) $900;000, which is the total fixed
the
and a 5 per
cent divideud on 1st pref. stock,
$1,150,000; for all the foregoing plu3 3 per cent on the
stock would r« quire $1,480,000.
The report for the quarter ending Sept. 30, and for the fiscal
year ending at that date, has just been made to the New
York State Commissioners as below :
Year ending Sept. 30 —
Qudr. end. Sept. 30.—,
1*87.
188(5.
Gross
full..
ments and betterments
the company
that for interest on the bonds
requires net income of $800,000; for int« rest and
$10,000
about
Total
..
Thus it appears
working of leased lines
Bond interest in
Rate
1st mortgage
67?
CHRONICLE
$1,508,600,
on
cent, of gtoss earnings.
is divided in its opinions upon the law of the
and therefore wants further arguments from counsel.
This probably postpones a decision until next year.
that the court
case,
Worcester.—This company’s report to the
Commission for the fiscal year ending
Sept. 30, 1887, and also for the previous year, had the follow¬
ing ;
1887.
1886.
Providence &
Massachusetts Railroad
Total income...
Total .expense (inc.
Not income
$1,270,828
taxes)
831,850
.
Interest
Dividends declared (!>L» 1> c\ in ’87
Surplus for year
..
& (5 in ’86)
438,5)7!)
80,(55)1
2(52,500
95,78(5
$1,245,711
874,661
371,049
85,713
150,000
135,336
ity Bonds.— Comptroller Loew opened proposals
Railroads in New York State.—The returns of the fol¬
for $600,000 3 per cent city bonds, payable on Nov. 1, 1897,
lowing roads for the quarter ending September 30 have
the proceids to be used formw fchlol houses. These were
filed at Albany as follows:
the awards : Moller & Co., $400,000 at 101’27; A. M. Hyatt,
r—Manhattan Elevated
^-Rome Waterdn d dqd.—.
1887.
1886.
1887.
188(5.
$200,000 at 101*56.
$1,5*53,457 $1,815,634
$973,310
$*49,580
earnings
1,082,715
1,014,642
New York & New England.—The Connecticut Railroad Gross
4 82,234
421,815
Operating expenses.
Commissioners have received the annual returns of the prin¬
$800,992
$*70,742
$127,7(55
$191,10(5
Net earnings
17,549
21.5(5(5
cipal railroads of the State for the year ending Septa mber 30, Other
7,114
7.752
income
1887.
The New York & pNew England’s figures are given
$818,541
$892,30*
$131,*79
$ 15**,s58
below, with the comparison for 1880 :
Total net
183.737
501,334
New York (
beer*
GROSS EAUSINGS.
transportal ion
Freight transportation
Passenger
Express.*
Rents
Other sources..
Total gross earnings
Total
operating expenses
Net
earnings
Passengers carried
Passenger mileage
Freight carried (tons)
Average mile rate per ton
The
surplus over charges
year was
New
$1,158(5,1 **
03.1(51
101,727
2.4 *5,01 2
4(5.707
38,8
1 58,03(5
$3,*(53,05) 1
2.5(55.500
$ l ,21 / ,(>*,>
2,820,377
$1,25)8,35) 1
$1,307,307
5,2 10,00*5
<53.*70.170
2.005).330
5,(508.70 1
(5(5,3(50,777
2.225,14 1
•01(57
•017
and dividends on pref.
New Haven &
to the
Line, Shore Line
Gross earnings
Passenger earnings
13
53.1(57
111.331
$128,148, against $11,160 last year.
York
company
$1,20(5,*05
2,2(52,170
4(5.(558
Mails
Charges—
1 8*7.
1 88(5.
stock this
Hartford.—The report of this
Connecticut Commissioners
(including Air
and branches) shows these
figures :
188(5.
$7,(501,5)1(5
4,225,(55)8
2,75)5,240
4,5)1 1,755)
2,(590,18(5 •
8.2(57,310
2,37(5,15)5
1887.
$7,85)0,200
4,315),252
2,5)52,3(51
5,52(5,815)
Net earnings
2,3(53,385)
Passengers carried
0,3(51,42(5
Freight carried (tons)
2,002,157
•0102
•0177
Average passenger rate
Average freight rate
’0105
’02
This road declared its usual 10 per cent dividend, and the sur¬
plus over this was $203,901, against $583,239 last year. The de
crease in net ean ings is said to be due to extensive improve¬
ments, such as four-tracking near the New York end of the
road, reduction of grades and curves, abolition of grade cross¬
Freight earnings..
Operating expenses
stations, etc.
New York Pennsylvania & Ohio.—President Whitehead
has arranged with the voting trustees in London for the issue
of the new loan, to make extensive improvements on the
road.
vVoik will be commenced at once.
ings,
new
Surplus
2(57,11 1
254,377
$231,717
$180,502
Pittst)s
—Bn ft'. Itoch.d1 *87.
Gross
$5*4.320
earnings
Operating expenses.
Net
earnings
1886.
$130,066
5)7,05(5
5)0,534
$1*0,5)41
$1 2(5,5(58
$4 *,!* 19
$35),532
$21 *.5(5*
10*,6(56
$79,213
$109,902
1
236
7* (5
92,000
16,5(59
$15)5.7*2
Surplus
1**7.
$145,5)75
257,5)95
14,811
Charges
$334,805
403,375)
Other income
Total net
188(5.
$3*4,5(53
$35)0,5)75
^-Brooklyn Elerated.—.
$19,705
(53,769
$35),7(58
55),4(57
(lef‘.$14,< 64 def.$l 9,(596-
Joseph & Grand Island.—Work on ihe Kansas City &
(Sc. Joseph & Grand Island) Railroad has been sus¬
pended for the season. The line is now 86 milts long, run¬
St.
Omaha
ning from
leaves the main line of
operation
completed will be begun immediately.
Company has filed ite^
the Kansas State Boaid of Railway Com¬
Fairfield, Neb., where it
Alma, Neb. The
the St. Joseph & Grand Island, to
of the portion already
—The St. Joseph & Grand Island
annual report
with
the year were $1,157,244*
taxes, were $712,833*
of $123,439 was speLt on construc¬
missioners. The total earnings for
and the total exjerses, including
During the year the sum
tion account.
Arkansas & Texas.—The earnings and expenses;
quarter ending Sept. 30, 1887, were as follows:
dross Earnings.
Expenses.
Net Ram’s.
St. Louis
for the
July
August...
September,
$15)0,134
231,007
partly estimated. 285,179
$139,350
1 55),5(54
175,442
$50,784
01,443'
109,736;
$696,321
$474,356
$221,964-
Total
the 15th
Ohio*
the bonds, etc.,
Scioto Yalley.—The case of this read came up on
Court of Common Pleas, at Portsmouth,
inst. in the
and has be<-n
and to report
referred to a master to prove
to the Court in April next.
of tl is company shows the earniDgs
ended September 30th to be $122,272, against
New York Ontario & Western.—Subject 1o final audit, the $125,667 the previous year, and the expenses $78,903, : gainst
$88,364 the previous year. The net earnings w> re $43,368*
accounts for the fiscal year endiDg Sept. 30, 1887, show the
against $37,302 in 1885-86. At the election Mr. John A
following r> suits :
the stock of the city of Baltimore, Henry Duvall
Revenue receipts
$1,480,5(54 represented
Working expenses and taxes
1,234,5)55 that of the Baltimore & Ohio railroad and William A. Ander¬
son that of the town of Lexington.
Yralley, Ya.—The report
for the year
Robb
-Balance....
$245.(509
674
THE CHRONICLE.
[Vol. XLV.
decided that all bonds issued for such
purpose should be of
Hcporl& amt fjonnucuts.
one
series, secured by
a
single mortgage.
The board there¬
mortgage securing so many
of a series of fifty year five
per cent gold bonds as from time
to time it might be found
necessary or advisable to issue for
such purposes, not
exceeding fifteen million dollars ($15,000,000) in aggregate amount, or twenty thousand dollars
($20,000) per mile of completed road acquired.
Up to this time the issue so authorized has been limited to
one
million dollars ($1,000,000). for the
acquisition of the
Walden’s Ridge Railroad and branches.
fore authorized the execution of
EAST TENNESSEE VIRGINIA & GEORGIA RAILWAY CO.
FIRST ANNUAL REPORT FOR THE YEAR ENDING JUNE 30, 1887.
New York
To the Stockholders
of the East
City, October 20, 1887.
Tennessee
Georgia Railway Company:
Virginia &
The President and board of directors herewith submit their
first annual
report of the operations of the property for the
ending June 30, 1887.
On July 1, 1886, the East Tennessee
Virginia & Georgia
Railway Company, organized under the laws of the State of
Tennessee, acquired from the purchasers at judicial sale :
First—The title to the East Tennessee'Virginia
& Georgia
RELATIONS WITH
fiscal year
Railroad and branches.
Second—A controlling interest in the stock of the Knoxville
& Ohio Railroad Company ; and,
Third—A
controlling interest in the stock of the Memphis
& Charleston Railroad Company, the road of which latter
company was also operated by the East Tennessee Virginia &
Georgia Railroad Company under a twenty years’ lease, of
which eight years had expired.
The
MEMPHIS & CHARLESTON RAILROAD.
minority stockholders
Railroad have for
a
some
of the
Memphis & Charleston
legal proceedings
years carried on
looking to the abrogation of the lease by which the East
Virginia & Georgia Railway Company operated
the Memphis & Charleston Railroad.
Inasmuch as "the owner¬
ship by this company of a majority of the Memphis & Char¬
leston
Tennessee
stock made it" desirable that the interest of all
stock¬
holders should be promoted in
every way possible, your com¬
pany was satisfied to have a decree entered
cancelling the
lease, which
was done on April 29, 1887, in the
Chancery
Memphis, Tennessee;.and thereupon the East Ten¬
nessee Virginia &
Georgia Railway Company turned over all the
Court at
leased railroad and property to the board of directors
and
office) s of the Memphis & Charleston Railroad
Company,
by
whom it lias since been operated.
MISSISSIPPI RIVER BRIDGE.
Your board
immediately gave notice to the Norfolk &
Previous to the cancellation of the
lease, and while the
Western, and other connecting railroad companies, that this operation of the
Memphis & Charleston Railroad was under
company was not bound by any traffic or other contracts of the control of this company, your board, in the interest of the
the East Tennessee Virginia &
Georgia Railroad Company Memphis & Charleston Company and of the main line of this
opposed,the erection of a bridge over the Mississippi
they having been abrogated by foreclosure ; and no new con¬ company,
River at Memphis, which
opposition has been maintained
tracts have been made by your board with
any connecting successfully up to the present.
And your board committed
companies.
itself, in the interest of both companies, to the policy of
EASTERN CONNECTIONS.
having substantially a free bridge at Memphis, under the joint
company’s lines at Bristol and management of all railroad companies now or hereafter reach¬
giving competitive eastern outlets via the Norfolk ing the Mississippi River at that point.
& Western and Richmond & Danville
WESTERN EXTENSION.
railroads, your board
During the existence of the lease your board also caused to
adopted the policy, which lias since been maintained, of
he surveyed an extension of the lines of the
lines
the
throwing open its
on
same basis to each of its east
Memphis & Charlestion Railroad from Memphis,
the
most
direct route to
by
ern connections.
This policy, it is believed, has contributed Kansas
City; and to a connection west of Memphis with the
to the increased volume of business of
your company during Missouri Pacific system, and with the lines of the St. Louis
the year 1887.
These eastern outlets being ample and satis, Arkansas & Texas Railway Company, and partially acquired
factory, your board has not at any time contemplated exten¬ rights of way therefor.
Fortunately these lines have been extended to the Missis¬
sions into the territory of either the Norfolk &
Western or sippi River at Memphis, so as to obviate
any present necessity
R.jl mond & Danville companies.
of construction west of -the
Mississippi River.
The eastern termini of the
Paint Reck
NORTHERN CONNECTIONS.
Your company had also two natural connections to
Cincin¬
nati—the Cincinnati ,Southern and the
Kentucky Central
railroads ; but the latter could not be utilized until the
Ohio
River
bridge from Covington to Cincinnati should be con¬
To secure its early
completion this company sub¬
structed.
scribed, and has since paid, one hundred thousand dollars to
the company formed for the
building of the bridge, which
we are assured will
be completed by July 1, 1888 ; and it is
believed that the securities to be received from the
construc¬
tion company on the completion of
the bridge "w ill be worth
the amount subscribed.
In order to shorten the connection with the
Cincinnati
Sou*hern Railroad, and to
develop the company's large and
profitable coal-carrying business, as well- as to satisfy
demands of the people of Knoxville for a northwestern the
out¬
let,
ALABAMA EXTENSION.
As your
company's lines in* Alabama terminate at Selma,
one hundred and
fifty miles from the Gulf at Mobile, with the
branch extending westward to
Meridian, Mississippi, it was
determined to extend such lines to Mobile,
Alabama, from
which point trackage, could
readily be secured to New Orleans.
In February, 1887, the board of
directors, under authority of
the laws of Alabama,
agreed on behalf of this company that
it would guarantee an issue of
twenty thousand dollars
($20,000)-per mile of five per cent fifty year go'l l bonds on the
Mobil - <S: Birmingham
Railway CotApanyV road from Mobile
to a connec ion wit h this
company’s fine near Selma, in con¬
sideration of R e
delivery to it of a controlling interest, be:ng
a
majority of the entire capital of the said Mobile A Birming¬
ham Railroad.
By the assistance thus alfordcd, the Mobile &
Birmingham Company has been enabled to prosecute its
work of construction so that it will he able to
open its line
from its connection with this
company's line near Selma to
Mobile during the year, and some
progress has also been made
toward an extension from a
point on the Alabama Division
near
Brierlield, to a connection with the
Georgia Pacific
Railroad near
your company decided upon the acquisition and com¬
pletion of the Walden's Ridge Railroad, extending from Clin¬
ton, on the Knoxville «& Ohio Railroad, to
Emory (dap, on the
Cincinnati Southern Railroad,
including its coal brandies,
being about fifty miles in length, and caused to be pro jected
Birmingham.
and surveyed in its interest an extension of
During the fiscal year a majority of the first preferred stock
this line from
Emory Gap, down the Seqnachie Valley to South Pittsburg, of tin's company-was acquired by the Richmond & West Point
Terminal
and thence up the Tennessee River to
& Warehouse Company, and a majority of
Chattanooga. Simul¬ the hoard Railway
of directors was named
taneously the Memphis & Charleston Railroad Company
by that company. The
resolved to extend its line from Stevenson to South
year's experience has shown that the effect of this change
Pittsburg,
so that tlui new line, when constructed
from Chattanooga, upon the operations of this company is to secure harmonious
relations with the entire system of railroad c lit rolled
via South Pittsburg, to Stevenson, would
give
by that
your company
a line under its own control from
company, including maintenance of rates and the prevention
Chattanooga to Stevenson, of
building extensions by one company into the territory of
relieving the Memphis & Charleston from a rental of sixty
the other.
In all other respects the affairs of the East Ten¬
thousand dollars per annum now
paid the Nashville Chatta nessee
Virginia & Georgia Railway Company have been ar d
nooga & St. Louis Railway Company for trackage over
thirtyeight miles between tho.-e points, and securing a maximum will be continued to be managed as if no such acquisition had.
grade of twenty feet per mile, in place of grades of about occurred.
The report of the Vice-President in
seventy feet, over which the Nashville
charge of opera'ion,
& St.
Louis Railway is operated. The entire line Chattanooga
together with full statistics, are submitted herewith.
from Chattanooga
to Stevemon has been
Respectfully,
SAMUEL THOMAS, President.
surveyed, much of the light of way
secured, and i reparation has" been made to let the work of
construction.
As under the laws of the State of
Tennessee, the board of
directors were authorized to
purchase such roads as it deemed
to be to the interest of the
company, and issue the company’s
bonds in payment therefor, and secure the same
by mortgage:
and inasmuch a* it would be
necessary for the company from
time to time to construct various other branches
and exten¬
sions to the new cities and industries
and coal
growing up in the iron
regions of Tennessee, Georgia and Alabama, it was
VICE-PRESIDENT’S
REPORT
FOR THE FISCAL YEAR ENDING
JUNE 30, 1887
New
York, October 10, 1887,
General Samuel Thomas, President:
The East Tennessee Virginia &
was
incorporated
Georgia Railway Company
the 1st day of July, 1886, under the laws
of .the State of
Tennessee, and became the purchaser of the
road, property and franchises of the company known under
on
the name of
the ‘‘East Tennessee Virginia &
MILES OF ROAD OPERATED
operations
Eighteen miles 1,989 feet of new sidings have been built dur“
ing the year. The total length of side-track at the close of the
year was 151 miles 4,589 feed.
DURING TIIE YEAR.
Miles.
-
24*2*0
11 *5
43/5
Rock
2(54/0
1
113*0
Alovidian Subdivision, Selma to Meridian...
Georgia Division—
Atlanta Subdivision, Rome to Maeon
Brunswiek Subdivision, Macon to Brunswick
Ilawkinsvillo Branch, Cochran to Hawkinsville
158*5
100 0
10*0
1,032*5
Total
Subdivision
This mileage includes 17*6 miles of the Atlanta
from Austell to Atlanta, owned jointly with the
cific Railway Company,
SIDINGS.
Georgia Railroad
Company.”
I respectfully submit the following report of the
of the read for the fiscal year ending June 80, 1887.
Hast Tennessee‘.Division—
Main line, Bristol to ChattanoogaOoltewah Cut-off, Oollewah to Colnitta
N< rill Carolina Branoh, Morristown to Faint
Alabama Division—
Selma Subdivision, Cleveland to Selma
Georgia Pa¬
and also 18 miles from Lauderdale
Meridian, the property of the Mobile & Ohio Railroad Com¬
pany, over which this company runs its trains under a con¬
tract with the Mobile & Ohio Railroad Company.
BRIDGES, "VIADUCTS.
EARNINGS AND EXPENSES.
The
earnings for the year ending June 80, 1887, have
$1,085,035 SO
3,031,178 57
From freight.
From express
From mail
From miscellaneous sources
77,300 43
118,753 23
55,003 71
And the expenses :
For conducting transportation
For
For
For
For
$1,308,180 74
$8*20,058 40
800/250 07
inoU\<• power.
maintenance of cars
maintenance of way
‘217,103 13
788,til l 00
190,802 *29
general expenses
2,00-1,2*28 57
$1,400,05*2 17
11*2,103 15
Leaving net. earnings:
Deduct taxes
been :
;
have been
G,0G1 cubic yards ofgbridge and culvert masonry
built during the year.
It will be seen from the General Superintendent's report
that 8,822 hnear feet of old wooden bridges have been replaced
by new iron structures, and that 4,970 linear feeot f wooden
bridges and trestles have been rebuilt in wood.
The Ten¬
nessee River at Strawberry Plains and Loudon is now spanned
by iron bridges.
An iron viaduct, 780 feet long, has been
built at Raccoon Valley on the Georgia Division, and some
work has been done in filling in some of the numerous tres¬
tles on the Georgia Division of the road.
This work should
be continued and pushed to completion as rapidly as possible.
BUILDINGS AND YARDS.
to
From passengers
675
CHRONICLE
THE
19,18S7„J
November
completed,
The large new freight depot at Atlanta has been
and a new and commodious. passenger depot has
at Macon.
New passenger and freight houses have
been built
been built
A new freight depot
at Alpha, Mascot, Randolph and McRae.
is under construction at Macon.
The
new freight yard at
Chattanooga has been completed, and pround has been pur¬
chased at Atlanta to enlarge the terminal facilities at that
point. The Atkin House at Knoxville has been purchased
with a view of converting it into a passenger depot.
The
large increase in the business of Knoxville lias rendered nec¬
essary the construction of a new passenger depot and an addi¬
tional freight depot. Passenger and freight houses are needed
at Cave Spring, ChiidorshurgandCrossPlains; also a passenger
house at-Johnson City.
The shops at Atlanta should he com¬
pleted. and suitable engine-houses should he erected at
Chattanooga, Rome and Macon.
EQUIPMENT.
switching-engines have been added
the year, and 24 consolidation
The gross earnings were $4,280 08 per mile of road operated.
engines are under contract, to he delivered during* the present
The operating expenses, exclusive of taxes, were 00 -18-100 calendar
year.
At the close of the fiscal year the company
per cent of I lie gross earnings, and tiio net earnings $1,420 77 owned 159 locomotives, of which 20 need heavy repairs to
$1,354,489 02
per mile of roaJ.
The o vners ef the
roa
1 have reason to he
satisfied with the
result-of the first- year's operation; the gross earnings show
increase of $583,889 52, equal to to 0-10 per cent as com¬
an
pared with the gross earnings of tin* preceding, year, when the
same mileage of road was operated by a receiver
Tiie large increase in operating expenses is due to the in¬
creased train and car mileage, and to the fact that extraor¬
dinary expenses for maintenance of way and equipment,
aggregating $312,0-21 -19, have been charged to operating ex¬
penses.
BONDED DEBT.
FINANCIAL CONDITION.
The Auditor’s condensed balance sheet and statement of the
bon ed debt, her? to app.-nned, show the company's financial
■condition
on
the 8Uth day of
June, 1887.
TRAFFIC.
the year 880,The mileage of
There were transported over the road during
190 passengers and 1,910,089 t<>ns<<f freight.
passengers was
Five passenger and four
to the motive power during
render them serviceable.
Five passenger
and express, 105 box, 000 coal and 100
purchased during t Ik * year.
At the close of the year the company owned 4 sleeping cars,
78 box cars, 2 officers' cars, 81 mail, baggage, express and
postal cars, 4,027 freight cars and 110 maintenance of way
cars.
AtISCELLANEOUS.
of the Knoxville
The company owns a majority of the stock
A Ohio Railroad < 'ompnny, which company owns
ates a road 05 miles long, running from Knoxville
coal, coke, pig iron, lumber,
gram.
It will bo seen
in
marble, rosin, turpentine and
from the Auditor.s statement
of
lifted
i
0
during the year 501,7
of lumber; 82,807 tons of
pig iron, h!men
blown arid
are' scrap: 78.270 tons of ore; 82.781 tons of
grain; I is:- tons of tlour: 4.0,200 tons of rosin and turpentine.
tonnage that ! hero was transported
tons of coal and coke: 254,75-8 tons
,
and 29,771 tons of marble.
The great re- on roes of the country
and the fact that capita! and labor are now actively
in their (level aenenf, warrant the belief that the traffic
in the near future show a further increase.
traversed by the road,
engaged
!TIY> )C.\L
CONDITION.
will
IMPROVEMENT.
known
At the time the company purchased the road it was
that large expenditures would he necessary to put it
proper
condition for tlie e.ueiont and economical conduct of its busi¬
A fun i was therefore created to partially provide for
ness.
the expendit art's for cons ru *tiun and betterments,
that tlu* net revenue of the rod might not he burdened so
in
in order
prevent the payment of such dividends as the
There has been
might reasonably expect.
expended during the year, in addition to the betterments
charged to operating expenses, for construction, $414,590 09,
and for equipment, $871,778 82.
heavily
as to
stockholders
and oper¬
in a north¬
erly direction to Jcllico, where it connects with the Louis¬
ville and Nashville system of roads. The extensive coal mines
which are located on the line of this road at Coal Creek, and
near Newcomb and JeJlico, furnish the company with a good
cheap fuel, and with a large amount of tonnage. Large dep¬
osits of iron ores are also found on the line of the road, but so
far no effort, has been made to work them.
12.505,1(18 and of freight 201,077,501.
The average revenue per passenger per mile was *02 54-100
cents, an 1 of fought per (on per mile 'Oi 08-100 (tents.
lloth tiie local and through freight business show a large
increase.
The local loanago increased about 2<H£ per cent over the
husiiie s of ti: • preceding y ear.
The principal increase wa •
conches, 1 baggage
fiat cars, have been
also owns a majority* of the stock of the
('haYleston Railroad Company, whose road it op r-
This company
Memphis A
ated under a lease contract until the 29th of April, 1887,
the Chancery Court of Tennessee dissolved said lease,
road and property* were delivered to the
A
Memphis
ton
A
Railway Company.
1 :rg-percentage of the
when
and the
Charles¬
traffic of the Southern rail¬
competitive with water lines, either directly* or
indirectly.; and the rates on such traffic are therefore
not- under tin* control
of the managers of such rail¬
ways.
‘When the Interstate Commerce Law went into
effect it
was feared
that the .fourth, or so-called “ longand-short-haul " section of the law, would be so con¬
strued as to practically prohibit the railroads from competing
with the water lines.
The enforcement of the law in accord¬
ance with this construction would
have ruined a large num¬
ber of the railroads of the South, and would have produced
widespread commercial disaster in that section of the coun¬
try. Happily these disasters have so far been averted by a
rational construction and a wise administration of the Jaw on
the part of the able Inter-State Commerce Commissioners.
A new co-operative fast freight line has been established
and is now in'successful operation in connection with the
Richmond A Danville system of roads, for the transportation
of freight between eastern cities via West Point, Paint Rock,
and points accessible by means of the company's road and its
roads
is
connections.
Since the close of the fiscal year
have steadily* increased.
the gross earnings from
the earnings of the road
For July, August and September,
all sources show an increase of $269,-
(September earnings estimated), equal to 24 4-10 per cent,
compared with the earnings for the same period of last
About 5,01 8 tors of new steel rails have been put in the main year ; a gratifying evidence of the steady and healthy develment of the-resources of the country* which is tributary to
line during the year.
this important system of roads.
At the close of the fiscal year there was on the main line 792
The officers, agents and employees of the company have
miles 940 feet of steel rails, 144 miles -4,258 feet oT iron fishperformed their respective duties faithfully and efficiently*.
bars and 77 miles 84 feet of old iron chair rail.
R-espectfullv submitted.
About 818 miles of the main line were fully and 17 miles
HENRY FINK, Vice-President.
partially ballasted.
*
TRACK.
777
as
%
THE
676
The balance sheet of the company on
follows:
June 30, 1887,
CHRONICLE
was as
CONDENSED BALANCE SHEET EAST TENNESSEE VIRGINIA &
GEORGIA RALWAY CO., JUNE 30, 1887,
*
Cost of road and equipment
Construction and equipment account
Supply store, Selma (stock on hand)
Ola rails on hand
New steel rails on hand
Coal on hand
Cross ties on hand
/Stock of material.
$71,187,643 22
I
789,363 91
$4,700 31'
95,104 70
^Memphis A Charleston RR. stock
Knoxville & Ohio RR. stock
51,000
100,000
1,750
900,460
..
..
Bonds State of Tennessee
First pref. stock East Tenn. Va. A Ga. Ry..
Second
“
“
“
“
Mobile & Birmingham RR
Suspended claims for account and li/D
178,915 67
350,000 00-- 5,008,650 67
50,473 27
7,856 48
..
City lots
‘Cash
hand
on
deposit Central Trust Co., N. Y
“
on
2,525 63
.
on
“
00
00
00
00
2,000 00
1,000 00
Memphis City bonds
“
375,210 63
767,000 00
Kentucky Central RR. stock
Covington a Cincinnati Bridge Co. stock
Telegraph Company stock
E. Tenn. Va. A Ga. R’way consol, bonds
-Cash
^
29,273 17
181,134 83—
2,656,525 00
i
168,175 28
7,343 04
Chase National Bank
287,500 00
deposit with Central Trust Co., N.
Y., to pay coupons.
on deposit with Central Trust
Co., N,
Y., old account, to pay coupons
735,780 00
Cash
856 88
23,071 27
62,830 77
iBills receivable
-Due from U. 8. Post Office Department....
“
agents and other companies
250,838 66— 1,536,401 90
$78,958,125 71
‘Capital stock—Common
“
First preferred
“
Second preferred
$27,500,000 00
11,000,000 00
18,500,000 00
u
1$57,000,000 00
New consol. 5 % gold bonds..$20,000,000
Dess Dep. with Cent. Tr. Co..
7,230,000
First mortgage 6 per cent bonds of Ala¬
bama Central RR
East Tenn. A Ga. RR. Co. 6
past due
% bonds—
1,000 00
20,000,000 00
Unpaid vouchers and pay-rolls for June..
Due on pay-rolls prior to June l, 1887...
Due Knoxville A Ohio RR
$1 19,377 03
'
342,731 16
16,574 01
22,544 38
531,226 61
Coupons due July 1, 1887, and prior thereto
836,881 66
Profit and loss
Due agents and other companies
Surplus account
12,763 88
54,744 91
522,508 65
$78,958,125 71
WHITEBREAST FUEL COMPANY.
APPLICATION TO
THE NEW
YORK
STOCK
EXCHANGE.
New
York, July 10, 1887.
Mining Company was organized under
the laws of the State of Iowa January 16, 1876, and re-incorporated as the Whitebreast Coal Company April 30, 1886. On
the 20th of June, 1887, the Whitebreast Fuel Company was
incorported under the laws of the State of Iowa, for the pur¬
pose of purchasing the business, property and assets of the
Whitebreast Coal Company ; the purchase was made and
transfer completed July 2, 1887, on which date the White¬
breast Fuel Company actively commenced business.
The authorized capital stock of the
company is $2,000,000,
of which $1.300,000 has been issued and paid for.
The par
value of each share is $100.
The Whitebreast Coal
The officers of the company are :
J. C. Osgood, . . . . President.
C. M. Schenck,
Wm. Feliowes Morgan,V.-Pres. J. Bryant
Secretary.
Lindley, Treas.
DIRECTORS:
JF. C. Osgood,
William MeNett,
D. Percy Morgan*
O. M. Schenck, Wm. Feliowes Morgan, Heyward G. Leavitt,
T. C. Mauro,
J. Bryant Lindley,
Charles II. Parmelee.
Registrar
Transfer
demand for it will be
sure
to be
maintained, and will
probably be largely increased. I may also say that I know of
no coal enterprise in the whole
country more systematically
or economically managed.
The books of the company show
what the profits of the company have been, and it is not too
much to say that if the present system of management shall
be maintained, the mines maybe depended upon
to yield a
net revenue of from one hundred thousand to one hundred
and fifty thousand dollars per annum for many years.”
The company has a market for its coal throughout Central
and Western Iowa, Nebraska and Northern Missouri, and has
favorable contracts for the entire fuel supply of the Chicago
Burlington & Quincy Railroad between Chariton, Iowa, and
Hastings, Nebraska; and of the Union Pacific Railroad fromCouncil Bluffs, Iowa, to North Platte, Nebraska.
$300,000 has been expended in permanent improvements,
buildings, machinery, etc.'
The lands of the company have been carefully
prospected
with diamond core drills, and are known to contain not less
than twenty million tons of merchantable coal. The com¬
pany has secured options on 3.400 acres ot adjoining lands at
Cleveland, which are now being prospected with a view to
their purchase.
The business from its inception lias been successful and
profitable. The net profits, after paying all charges, have
been as follows for the past four }'ears :
$56,253 39
124,891 20
127,146
do
130,452 59
The company is not able at present to
mand for coal, which has been steadily
1,000,000 00
Bills payable
population, they must enhance in value from year to year;
and the excellence and accessibility of the coal are such" that
Six months ending April 30, 1884
Year ending April 30, 1885
Year ending April 30, 1.886
Year ending April 30, 1887
$12,770,000 00
3,123,000 00
3,106,000 00
First mortgage 7 per cent bonds
First mortgage 5 per cent bonds
“I regard the lands owned and controlled
by the White¬
breast Coal Company as the most valuable group of coal
prop¬
erties known to me.
From their geographical position with
reference to the railroads, and the great coalless areas in
Eastern Kansas and Nebraska now so
rapidly tilling with
the
1,300 50
63,697 12
[Vol. XLV
: Mercantile Trust Company, New York.
Agents : William Feliowes Morgan & Co., 80 Broid-
way, New York.
The bonded indebtedness of the company is $50,000 five-
6 per cent bonds and $150,000 five-year 7 per cent bonds;
total, $200,000.
The general office of the company is at
Ottumwa, Iowa.
The company controls 3,866 acres of coal lands, of which
2,896 acres are owned in fee simple and 980 acres are held
under a perpetual lease.
Of the foregoing lands 3,022 acres
are at Cleveland, Lucas
County, Iowa ; 454 acres at Marys¬
ville, Marion Count}', Iowa ; and 350 acres at Swan, Marion
County, Iowa. These lands are all on the line of the Chicago
Burlington & Quincy Railroad.
The company has tlire3 shafts (two at Cleveland and one at
Swan), fully equipped, and having an actual daily capacitv of
-2,500 tons.
The company employs an
average of 1,250 men.
fully supply the de¬
increasing, and lias
already commenced to sink and equip an additional shaft,
which will increase the daily output 1,000 tons, and corre¬
spondingly increase the‘profits.
It is believed that the business can with certainty be de¬
pended upon to justify the payment of quarterly dividends of
one and three-quarters per cent on the stock issued, and allow
an annual sinking fund of from
thirty to fifty thousand dol¬
lars for the purpose of paying the bonded indebtedness and
for the purchase of additional lands and the opening and
equipping of new mines.
The company owns stock in the following auxiliary com¬
panies: Colorado Fuel Company of Denver, Colorado, $75,000; Whitebreast Coal & Lime Company of Lincoln, Ne¬
braska, $23,100.
The company proposes to issue $200,000 of the capital stock
in addition to the $1,300,000 already issued, making the total
issue $1,500,000.
The proceeds of the sale of the $200 000
additional stock will go into the company’s treasury for the
purpose of buying additional lands and opening and equip¬
ping new mines.
STATEMENT OF ASSETS AND
A
o
Real estate
Mines and cquipm’t.
Mine supplies
Uncollected aec'nts
(good)
Cash
Bills receivable
Colorado Fuel Co.s’k
Whitebreast Coal A
Lime ('o. stock
Total
LIABILITIES, JULY 2, 1887.
Liabilities.
<?/>/<?
$1,110,740 27
Capital stock (issM). $1,300,000 00
Sinking fund
25,SOO O0
282,832
27,931
Bonds
Current acco’ts and
vouchers
Whitebreast Coal
Liuie Co
14
6,897
0,411
1,103
75,000 00
18
09
40
200,000 00
4,979 26
3,542 04
23,100 00
$1,534,321 30 !
Total
$1,534,321 30
J. C. OSGOOD,
,
President Whitebreast Fuel Company.
Application is hereby made to have listed upon your
Exchange the $1,500,000 of the capital stock of this company.
J. C. OSGOOD,
President Whitebreast Fuel Company.
The committee recommended that $1,300,000 of the abovedescribed capital stock be admitted to the regular list.
Adopted by the Governing Committee, Nov. 9, 1887.
year
The coal ranks
the best coal in the State for steam and
The veins are from
to 7 feet in thick¬
The Cleveland mines are nearer to all the markets
sup¬
than any others with which they come in competition.
as
'domestic purposes.
ness.
plied
In
a
report on the property made June 7, 1887, Prof. J. S.
Newberry, of School of Mines, Columbia College, New York,
;says :
NEW
YORK
CHICAGO
&
ST.
LOUIS
RAIT ROAD CO.
APPLICATION TO THE NEW YORK STOCK EXCHANGE.
New
The
York, Oct. 24, 1S87.
property and franchises of the New York Chicago &
Railway Company were sold under a decree of fore¬
St. Louis
closure and sale in the suit of the Union Trust
Company of
York, et al., against the New York Chicago & St. Louis
Railway Company, et at., in the Court of Common Pleas, for
the County of Cuyahoga, Ohio, and were purchased by a Pur¬
chasing Committee appointed by and acting under the Agree¬
ment of Purchase and Reorganization of the New York Chi¬
cago & St. Louis Railway Company, dated February 4, 1887;
and said Purchasing Committee caused corporations to be
formed in each of the States through which said railway
passed, namely, the States of New York, Pennsylvania, Ohio,
New
THE
19, 1887.]
November
677
CHRONICLE
=
Illinois, for the purpose of ov. ning and operating
the several portions of said railway lying respectively in the
States aforesaid.
The New York Chicago & St. Louis Railroad Company was
incorporated under the laws of New York with a capital stock
of $4,500,000, composed of 7,500 shares first preferred, 16,500
shares second preferred and 21,000 shares common stock. The
Erie & State Line Railroad Company was incorporated under
Indiana and
—j
The foregoing constitute the entire lien of every kind u pon
the lines and property of the company.
The issue of bonds is secured by a deed of trust to the Ce ntrai
Trust Company of New York, trusteee, under date of Oct. 1,
1887, conveying to said trustee the estate and property,
real,,
personal and mixed, and all fixtures, rights, privileges, fran¬
chises, easements, rights under leases, terms and parts of t erms,.
agreements, covenants and contracts of all and every kind
held and owned or occupied by or belonging to the said party"
of the first part, including all and singular the lines of rail¬
road of the said party of the first part, from Buffalo, in Erie
the laws of Pennsylvania, with a capital stock of $3,000,000,
County, New York, and thence about five hundred and
composed of 5,000 shares first preferred, 11,000 shares second twenty-four miles through Erie and Chautauqua counties, in
preferred and 14,000 shares common stock. The Cleveland & the State of New YTork, and into and through the City and
State Line Railroad Company was incorporated under the County of Erie, in the State of Pennsylvania, and into and
through the Counties of Ashtabula, Lake, Cuyahoga—passing
laws of Ohio with a capital stock of $13,950,000, composed of
through the City of Cleveland—Lorain, Erie, Huron, San¬
22,500 shares first preferred, 52,000 shares second preferred dusky, Seneca, Hancock, Putnam and Paulding, in the State
and 65,000 shares common stock. The Fort Wayne & Illinois of Ohio, and into and through the County of Allen, passing
Railroad Company was incorporated under the laws of Indiana through the City of Fort Wayne, and into and through the
with a capital stock of $8,550,000, composed of 15,000 shares Coumies of Whitley, Kosciusko, Marshall, Stark, La Porte,
first preferred, 30,500 shares second preferred and 40,000 Porter and Lake, to a point on the boundary line between the
shares common stock. The Chicago & State Line Railroad States of Indiana and Illinois, as the same now exists, to¬
Company was incorporated under the laws of Illinois with a gether with all additional second or third track, branches or
capital stock of $1,500,000, composed of 2,500 shares first pre¬ extensions now owned or hereafter acquired by the said party
ferred, 5,500 shares second preferred and 7,000 shares com¬ of the first part; and also all the right, title and interest of
The stock of each of the aforesaid corporations the party of the first part in and to the railroad and properties
mon stock.
of the Chicago & State Line Railroad Company, extending
was issued in part payment for that portion of the said rail¬
from said last mentioned point on the boundary iine between
way conveyed to it by the Purchasing Committee aforesaid.
The New York Chicago & St. Louis Railroad Company and the States of Indiana and Illinois, through the County of
the Erie & State Line Railroad Company aforesaid were then Cook, to or near the City of Chicago, under the terms of an
consolidated into one corporation, under the name of the New agreement in the nature of a perpetual lease, dated September
York Chicago & St. Louis Railroad Company, having a capi¬ 1,1887, by and between the said The Chicago & State Line
tal stock of $7,500,000, composed of 12,500 shares first pre¬ Railroad Company and the Fort Wayne & Illinois Railroad
ferred, 27,500 shares second preferred and 35,000 shares com¬ Company; and also all and singular the lands, roadways,,
mon stock, each share of stock,
first preferred, second pre¬ tracks, superstructure, rails laid or to he laid, sidings, turn¬
ferred and common of the constituent companies being ex¬ outs, bridges, etc., etc., as described in the said deed of trust,,
changed for one share of stock of corresponding preference of copies of which are presented herewith and to which refer¬
York Chicago & St.
consolidation as afore¬
said, the Cleveland State Line Railroad Company and the
Fort Wayne & Illinois Railroad Company, were then consoli¬
dated into one corporation under the name of the New York
Chicago & St. Louis Railroad Company, having a capital stock
of $30,000,000, composed of 50,000 shares first preferred, 110,000 shares second preferred and 140,000 shares common stock,
each share of stock first preferred, second preferred and com¬
mon of the constituent companies being exchanged for one
share of stock of corresponding preference of the consolidated
the consolidated company.
The New
Louis Railroad Company, formed by
'
ence
is made.
sinking fund of $100,000 per annum is to be provided for,
to be used for the purchase of such bonds at not more than
102 per cent and accrued interest, and the cancellation of the
bonds so purchased; but in any year, when, after advertise¬
ment, such bonds cannot be purchased for 102 per cent and
accrued interest, or in any j*ear when the company shall not
have earned at least $900,000 over operating expenses, such
sinking fund shall not be provided; said sinking fund istobe
the first fixed charge in each year after payment of the inter¬
est on all the outstanding first mortgage bonds.
The bonds and stocks of this company, the listing of which
company.
The railroad of the Chicago & State Line Railroad Company is herein applied for, are all issued and outstanding, having
has been leased in perpetuity to the New York Chicago & St. been transferred and delivered by this company to the pur¬
Louis Railroad Company, the capital stock of the said Chicago chasers of said railroad, property and franchises, in con¬
& State Line Railroad Company being held by the Central sideration of the conveyance of said property and franchises,
Trust Company, of New York, as Trustee under the Mortgage by said purchasers to this company, in accordance with the
of the New York Chicago & St. Louis Railroad Company, terms of Article 5 of the agreement of February 4, 1887, for
dated October 1st, 1887, for the further security of the bonds the purchase and reorganization of the New York Chicago &
issued thereunder, excepting sufficient shares to qualify St. Louis Railway, a copy of which is furnished with this*
directors.
application.
The consolidated New York Chicago & St. Louis Railroad
NEW YORK CHICAGO & ST. LOUIS RAILROAD COMPANY.
Company took possession of its property and went into opera¬
LIABILITIES :
tion on the first day of October, 1887.
1st mortgage bonds
$*20,000,000
The proceedings in foreclosure under which the property 1st preferred stock
5,000,000
of this Company was purchased were in all respects regular 2d preferred stock
11,000.000
14,000,000
and legal, and all parties in interest were before the Court. Common stock.,
Upon this question this Company herewith submits the cer¬
Total
$50,000,000
tificate of Messrs. Butler, Stillman & Hubbard, of counsel for
Statement of earnings and expenses of the Railway, now
the Purchasing Committee and for the Central Trust Com¬
the property of this Company, for eight months ending Aug.
pany, of New York, in said foreclosure proceeding.
The New York Chicago & St. Louis Railroad Company 31, 1887:
Operating
dross
Experts s and
Net
hereby applies for the listing upon your exchange of the fol¬
Earnaigs.
Earnings.
1887.
Taxes.
lowing stocks and bonds ;
$110,021 03
.$148,082 93
.$207,038 10
First—Its $5,000,000 first preferred stock, divided into 50,000 January
February
374,045 38
278,340 87
00.004 51
shares of $100 each, entitled to a non-cumulative dividend of March
480,820 08
280,154 78
101.071 30
not more than 5 per cent per annum, after payment of fixed April
275,004 00
308,117 00
32,122 07
May
303,743 11
252,040 50
51,000 01
charges.
337,107 73
04,390 78
June
272,710 05
Second—Its $11,000,000 of second preferred stock, divided July
352,001 41
280,002 75
02,008 00
into 110,000 shares of $100 each, entitled to a non-cumulative August...
387,878 05
308,547 03
79,331 02
dividend of not more than 5 per cent per annum, after pay¬
Total 8 months 1887.. $2,001,000 45 $2,234,095 07
$720,004 48
ment of fixed charges and the dividend on said first preferred Same
2,320,805 85
1,058,201 40
008,514 30
period in 1880
stock.
$034,704 GO
Increase in 1887
$570,404 48
$58,390 12
Third—Its $14,000,000 of common stock, divided into 140-,
000 shares of $100 each, entitled to a non-cumulative dividend
Much of the increase in expenses is the result of improve¬
of not more than 5 per cent per annum, after payment of the ments in the roadway, the cost of which has been charged to
fixed charges and said dividend on the first and second pre¬
operating expenses.
ferred stock.
A
Specimen copies of the certificates of first preferred, second
after the pay¬ preferred
and common stocks, and a copy of the bond with a.
ments above provided for, they shall be applicable to pay¬ certified
copy of the Deed of Trust are filed herewith.
ment of dividend on all the stock, first preferred, second pre¬
Very respectfully,
ferred and common, without discrimination between classes
New York Chicago & St. Louis Railroad Co.
If there
shall be
any
net earnings in any year
of stock.
Fourth—Its total issue
of $20,000,000 of
first mortgage
bonds Nos. 1 to 20,000
1, 1887, maturing Octo¬
ber 1, 1937, and bearing interest at the rate of 4 per cent per
annum, payable on the first days of April and October in each
year, evidenced by coupons maturing April 1, 1888, and each
subsequent April 1 and October 1, until the maturity of the
bonds, said total issue being 20,000
inclusive, $1,000 each, dated October
said bonds.
Fifth—Registered bonds of said issue,
the coupons from which have
Article 13 of the Trust Deed.
being the said bonds
been detached as
provided in
By Allyn Cox, Secretary.
$5,000,second preferred stock,
$14,000,000 common stock, $20,000,000 first mortgage 4 per
cent gold bonds of 1937, and registered bonds into which same
may be converted, be admitted to the regular list, and alse
that the securities of the New York Chicago & St. Louis
Railway Companv be stricken from the list on November
The committee recommended that the above-described
000 first preferred stock, $11,000,000
19th, 1887.
Adopted by the Governing Committee,
Nov. 9. 1887.
THE
678
CHRONICLE,
C O T TO N.
3£hje €ommmial Ximes.
COMMERCIAL
Friday, P. M., Nov. 18, 1887.
EPITOME.
Friday Night, Nov. 18, 1887,
week under review is the
The feature of business for the
active
The Movement of the Crop, as indicated by our
telegrams
from the South to-night, is given below.
For the week ending
this evening (Nov. 18), the total receipts have reached 284,816
bales, against 301,600 bales last week, 289,174 bales the previous
week and 294,434 bales three weeks since, making the total
receipts since the 1st of September, ,1887, 2,625,161 bales, against
2,157,612 bales for the same period of 1886, showing an in¬
crease since September 1, 1887, of 467,549 bales.
speculati m and the rise in values of leading food
staples. There has also been an important advance in coal.
These are necessaries of life, and their increased price means
Receipts at—
an enhanced cost of living, a3
well as a b.tter return to the
j. rowers of cereals.
In cotton, on the contrary, paid of the Galveston
r( cent
Indianola, Ac.
improvement has been lost. Bat whether prices have
advanced or declined, speculation has bsen brisk, wheat New Orleans...
Mobile
showing at times great excitement, stimulated by foreign Florida
advices which encourage! the movement. General trade is Savannah
Brnnsw'k, Ac
very good for the sec son, but it is usually quiet as the end of
Charleston
the year approaches.
Fort Royal,Ac
The speculation in lard for future delivery was compara¬
'Wilmington
tively quiet until Wednesday, when in sympathy with the
Moreh’dC., Ac
....
advance in
corn a
brisk
‘'bull”
movement
maintained with increased force
on
set
in which
Thursday.
was
To-day the
Norfolk
West Point, Ac
New York
sympathy with the sp culation in futures, and closes dull
and irregular at 7c. for prime city, 7 30c. for prime Weetern,
7'25@7 30c. for r*.fieed to the Continent and 7-60@7’65c. for
Philadelphia,Ac
South America.
CLOSING PRICES OF LARD FUTURES.
Sa turd'ff. MoruVu Tuesd'v.
Novemh’r delivery. 0*95
GOO
0*5)7
Dceomb’r delivery. 6*80
0-84
0*80
0*5)0
0*5)0
January delivery.. (PH5
0*1)0
0*5)0
February deliv’y.. 6*1)1
March delivery.... 6*97
7*0*2
7*01
7*08
7*07
April delivery
7*04
7*15
7*14
May delivery
7-10
Pork is
Wednsd'y. Thursd'y. Friday
7*05
0*5)0
7*01
7*07
7*12
7*18
7*25
7*15
7*04
7*0!)
7*15
7*21
7*27
7 33
7-30
7*10
7*22
7*27
7*33
Sat.
5j3dv
decidedly higher, closing firm and quite active in
lues.
12,477
Wed.
8,148
•
Thuj's.
6,423
iri.
Total,
4,884
42,937
9,819 14,692
1,779
2,117
89.724
5,648
•
11,080 20,345 16,309 16,873
2,420
2,347
3,079
1,203
•
•
•
12,5)45
985
935
41,075
1,560
20,629
0,224
7,185
6,800
7,388
6,549
6,929
1,070
4,134
3,891
4,236
3,258
1,560
3,434
953
953
2,537
2,375
1,661
1,700
831
2,800
11,904
326
326
2,318
4,262
5,082
3,542
5,743
4,973
4,5)61
4,856
4,530
4,601
747
10,326
28,05)0
28,451
400
Boston
25
12
479
577
3,145
827
827
110
786
297
285
721
802
34
204
207
100
-
Bull imore
131
\
58,418 51,535 1S,316; 34,752
>—*
Totals this week Oj -4
1
1o»
"
i tc
281,816
For
total
comparison we give the following table showing the week’s
receipts, the total since September 1, 1887, and the stock
to-night, and the same items for the corresponding periods of
last year.
1887.
Receipts to
Th is
Nov. 18.
Week.
7*40
7*47
Mon.
442
market opened easier, but quickly rallied and made a further
advance. Lard on the spot has moved rather sluggishly in
DAILY
4
l[VOL. XLVt
Galveston
...
Since
1886.
Sep.
1, 1887.
42,937
394,487
Stock.
This
Since Sep.
Week.
1, 1880.
36,189
1887.
300,520
1886
99,238
83,514
Ind’nola.Ac
sympathy with Western advices. Old mess, $14; new do., New Orleans 89,724 735,633 74,813 555,799 291,322 256,308
Mobile
76,409
12,945
97,168
9,126
21,863
25,958
$14 75@$15; primo, $12 50, and clear, $15 75@$17 25. CuR
Florida
985
10,5)18
1,037
9,364
meats are rather firmer; pickled b l ies,
7.9a@7^c.; shoulders, Savannah
•11,075
518,801 45,604
137,411
108,666
142,136
%%c., and hams OJ^ciOl^c ; smoked rlioulders,
Brunsw., Ac
13,395
1,560
1,970
12,589
and hams, 10b4@ 1034^*
20,629
248,271 15,951
54,193
219,802
79,455
Btef and beef hj»D2s are.held highar, Charleston
P. Royal, Ac
953
7,220:
9,898
2,286
1,674
4,961
tut remain nominal.
Tallow firmer at 4p@@4 7-16c.
Stearine
110,486 *7,911
Wilmington
11,904
74,533
27,041
27,938
is quiet at 73^@7?.±c,
Oleomargarine is quoted at 5;8@6c.
M’ehhl C. Ac
326
186
2,314
1,600
Butter is in better demand at 20(5) 28c. for creamery. Cheese No?*fol If
28 090
237 555
53 i9s
55 013
226,147 44 -1°5
is steady; State factory, full cream,
W. Point, Ac 28,451
228,701 19,072
104,625)
and skims,
6,502
New York....
479
-3 (5) 8%c.
2,2141
3,643
21,080
81,222
152,887
Boston
21,410
3,145
2,757
11,843
12,000
8,500
The speculation in Rio coffee has not been active. Price*
Baltimore
827
2,717
1,303
7,31 8
6,695
11,175
were unsettled early in the week, but have
latterly gained PhiTdeTa, Ac
786
5,279
11,8S5
2,905
2,674
16,420
s rergth
on a better demand from the regular trade. To-day,
Totals
284,816 2,625,161 268,590 2,157,612
86 L,325
767,586
ho * ever, an early advance was more than lost in the later
In order that comparison may be made with other
years, we
dealings, civ sing with sellers at 15 90c. for November and De¬
give below the totals at leading ports for six seasons.
cember, 15 60c. for Januaiy, 15'45c. for February, down to
1887.
1886.'
1885.
1884.
Receipts ot —
1883.
1882.
14 50c. for September; and for December, 1888, the
closing
Gal vest'll, Ac
36,189
42,937
34,095)
22,328
sales were at 14‘35@ 14‘40c.
28,396
32,006
Coffee on the spot is firmly held,
New Orleans.
74.S13 102,771
89,724
75,869
77,675
65,760
closing with fair cargoes Rio quoted at ISj^lS^c., with a Mobile
12,915
9,126
9,097
11,386
13,364
11,191
gcod bueineis doing. Raw sugars are firm but quiet at 5 3-lGe. Savannah
41,075
45,604
38,108
36,093
28,469
33,837
for fair refining Cuba, and Gc. for
centrifugal, 9G degress teit. Charlest’n,Ac 21,582 17,625 29,933 33,302 16,378 25,973
12,230
8,127
Retired sugars are less active. In molasses there were sales Wilm’gtTi, Ac
4,317
6,244
5,693
8,189
Norfolk
44,425
28,090
28,060
41,270
31,245
40,579
this wet k of 20,000 lihds. Cuba, for January to May
shipment, \V’t Point*, Ac 28,451
19,072
13,102
22,988
8,329
9,923
at about 24c. here for 50 degrees test.
All others....
7,782
13,615
9,131
9,29 t
12,961
14,711
Kentucky lobtcco ^ as more active. The sales for the weik Tot. this week 28
4,816 208,590 270,421 258,774 222,510 242,169
are 550 hhtls, of which 400 for
export. Prices are unchangei.
Seed h af tobacco has been more active, the sales for the week Since Sent. 1 2.V >, 1 l i 2157.612 2165,357 2220,755 2198,099 2187,240
includes Indianola; Charleston, includes Port
Royal, Ac.;
aggregating 1,808 cases, as follows: 400 cases 1881-85 crops, W Galveston
ilmington includesMorclTdCity, Ac.; West Point includes City Point,&c.
Pennsylvania, 9@14i.2C.; 800 caaee 188G crop, Pennsylvania,
The exports for the week
ending this evening reach a total
10@llc.; 408 cas‘ s 1880 crop, Wisconsin Havana, G@llc.; 150 of EJ->,877 bales, of which 102,023 were to Great Britain, 12,776
to France and 81,078 to the rest of the Continent.
cares 1886 crop, Dutch, 9@llc.; 150 cases 1880
Below are
crop. New Eng¬
the exports for the week and since
September 1, 1887.
land, l3@lGe.; 100 cases I88G crop, New England Havana, 13
Wseh Ending Nov. 18.
Vro.'r. Sspt. 1,1R87. to Nov Id, 1807
@85c.; 150 cases 1886 crop, State Havana, 9@lGc., and 150
SB&'Port-th to—
*2 si tsO—
cases sundries, 7@ 28c.; also 400 bales
Havana, G0c.@$l 05,
CVxf£~
Satai
Gve-ra.
CVi lifrom—
and 2.50 bales Sumatra, $1 40@$1 75.
fr’-.rn. franc* neai.
Total.
Britain. Frtous
tvab
Spirits turpentine is dearer, but closes quiet at 37^c, -jrl'i i ton
21.792
8,627 30,110
1,400
85,033
155,332
Orlennc
Resins ere easier at $1 05@ L 15 for common to good strained.
4,0.35 33,890 GS,?83
172,253 98,837
153,125 434.214
Meddle
7.277
7,i17
li.'^O
14,520
Tar is dull at $2@2 U5.
Crude petroleum certificates were un¬ ilertdii
settled, and to-day closed easier at 74J2@74;>ac.
it. 512
19,015 28,525
67,186 10.2':0
159,551 233,697
Wells news SLvaaaah
4,‘Go
67 f>66
4,948 15,4(8)
36,435 15,089
6,113
show moderate production and the bears are cautious. Wool Charleston
141,020
S 184
Wil-nintitou...
3,1-4
43,511
2,8J0
67,957
22,149
Las met with a goo 1 demand at full prices.
Norfolk
5.710
Hops arc dull.
5,710
91,470
9! ,470
West- Po'r.t.4:c 12, GO
The speculation in copper has Deen fairly active, and
12,440
50,025
59,025
latterly •lev York
11,293
2.65S
6,976 21,*02
73.662
168,1 Si 13,552
257,193
juices have shown a hardening tsndoncy. The sales to-day ft on ton
109
7,091
1 189
x.sw
■17, CM
48,203
were 025,(X 0 ih. at 12 35c. for November,
ro)
12 50c. for Decem¬ flai throve.,...
2.878
1.253
2i,e::
31,293
770
4.172
ber and 12 08c. for January.
19,575
7.179
26,755
Block tin sold to-day at 2:@4@ Pui’-tlelpdijAe j 3.402 ;
Tot*?,
12,77* 81,078 l&D 877
29c. for 1 Vsimo y. held at 81c. on the spot.
85S.09S
143,018
501,078
!,5!1,1S9
The iron markets
are depressed and unsettled.
rev- i i:-m.
81.810
8.32) 20.5 .0 115 t>*5
7 t(> 4*^'\ 1-S 1 <0
224.-M 1 1.119.379
<-
...
*
.
-
...
...
<2
..
v
......
.
.
.
....
.
.
.
.....
•
......
■
'
*
......
V
•
.
.
......
......
....
•
*
'
•
.
;
.
•
■
.
•
679
THE CHRONICLE
1887. J
November 19,
giv
shipboard, not cleared’
at the ports named.
We add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
In addition to above
us
exports, our telegrams to-night also
the following amounts of cotton on
Street.
& Lambert, 24 Beaver
On
18, at—
Noe.
Shipboard, not cleared—for
Leaving
Great j
F
Britain,
|i
Coast-
* Other
j11 ance'Foreign
nose,
Stock.'
2'otal.
i
o
New Orleans....
Mobile
Charleston
Savannah
Galveston
Norfolk
New York
Other ports
3,345 !
2,000 !
1,900
34,079 j 38,977 ! 21,333
4,000 1 None. | None.
4,400 | 2,*00
8,100
None. 1 3,500
7,200
17,185! None.
3,092
None, j Nunc.
20,000
5,500! None.
0,000
13,000 | None.' 5,000
j
Total 18.87
111,304
Total 1886
Total 1885
138,009'31,231
98,053 17,855
47,025
11,777
'
i
72,34 1
74,255
193,588
97,734
0,000
17,200
15,803
30,993
9 4,006
3,300
14,000
10,010
5,000
30,2*7
None.
None.
12,100
02,951
22,198
09,122
18,000
39,88 4
31,555
232,321
535,205
31,201
273,145
590,880
22,207
213,030
31,000
505,052
speculation in cotton for future delivery at this market
although fairly active, for the week under
review, and prices have declined. The movement of the crcp
has continued large, the weather at the Sou h being good for
the season, and the reduced crop estimates made public last
week have come to be regarded as too low.
The check to the
advance bn ught out many sellers to reahzj, but no one
seemed inclined to ‘‘sell short" and remain so over night.
Each decline brought cut buyers and a quick rally followed.
This was especially the case on Wednesday, when the short
The
has been calmer,
crop reports were reinforced by one from Gilveston.
Yester¬
day a house at New Orleans of some repute in cotton statis¬
tics, put foith an estimate making the crop nearly 6.800,000
tales, and there v as tome selling under disquieting political
advices from the
Continent, in ch r, which Wednesday's
advance was mostly lost, although Liverpoo' and Manchester
accounts v ere better.
Today the market opne i at asharp
decline, but a den at d to cover contra ts caused a quick recov¬
ery,and a fuithe.* advance on a n port, of a fresh thoit-crop
Cotton
estimate.
on
the spot was quoted 1-lCc. lower on
.high grad: s were quoted 1-lGe. doner
Tuesday. Yesterday
and low grades l-lG(q4Ro. cheaper.
To-day the market was
quiet at lb?gC. for middling uplands.
The total sales for forward delivery for He week are 894,200
bales.
For immediate delivery the total sales foot up this week
1,G14 bales, including 100 for export, 1,514 for consumption,
bales
for speculation and — in transit.
Of the above
to arrive.
The following aie the official quotations
each day of the past week—Nov. 12 to Nov. is.
—
were
Frf.
Tl».
Moil. Tiles Wed
( Sat.
UPLANDS.
for
Ordinary
Strict Ordinary
GL*> d Ordinary
Strict G- od Ordinary..
Low Middling
Strict Low Middling
Middling
c.
w
...
Good Middling
Strict Good Middling
!
lOUbfi 1 Oim,; 10;f4
‘11* 0
1 1 IK
Middling Fair
Fair
i
IV,
;14i;i«
i
ioi-‘!ifi 10iq(;
V. 41 he
:
11 m
i1 4
14
i i;q
Mon Tuoh Wed
Sat.
GULF.
11 v
1 1 q
io m
Ve
e
CM
CO
■d
oc o
®
•d
10 yr
c
ccco
c
*i°4
w*
$
Ordinary
715i o
77s
*7!H
8
8%
9:!rt
9:{S
7
Strict Oi din ary
G toil Oi (Unary
Strict. Good Ordinary
rT.
fi
10=8
10»K
10*1H
1
Good Middling
loiolt
libs
Middling Fair
41
Fair
i G
9 V,;
9Ulf
lOb
‘
;fiu
►
7m
8*1
7m
77s
8-q
sq
9
!ig
91 q,; 911,,;
4oq0 i oq<*,
4 0 Vi
lo-ho
9r>io
om
9m
1(Mh
io
q
ot
lO-,,;
1<>V
*
tO
.
glp
o
Ql --1
I
H*
°
-j
Sat
%) lb.
Good Ordinary
Low M iddling
7^16 |
7‘>jR
!
71-2
8li
9 id
9 he i 9 V
iOl](5 .101 m ; 10
sq
!
<i
I I
®
>-t
1 ©q :
■
Til. ; Frf.
7 ig
! 771G
8;:h;
i
9 is
10
Hid
1 1
7“l6
1
8 Id
i !",# ! 91„;
i 04v. 91-mo
I
MARKET AND SALES.
The total sales and future deliveries each day during the
week are indicated in.the following statement.
For the. con¬
venience of the reader we also add a column which shows at a
glance how the market closed on same days.
SALKS OF SPOT AND TRANSIT.
FUTURES.
X X
•1
c o
ct
x
b
r-
X
®
| ©m:
i—
7>—•
x
2i C q
<
c
9c 9
-
x
0_
i
hh!.'-1
o r
-1
w
—<
c c
x
<1
®
m
I
-i
CO
X -»
| sx:
Mr-.;.
®
1
:
C;C
M
tO
_W
<5
9?
®
%
X X
0"> -C
“1
O* 05
Ct
OC
“t
I ©I-4’
.
a
©cyo
'
CD
i
•M X
c. to
o_
x ©
Ci ro
-
zn
CO
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>
<
<
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®
I I
®
I I
:
1
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5
>s
1 S>: :
1
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1
:
i
■
i
1
i
I I
i
®
•i
►
©: :
—1
►
>>
®
l 1:
1 1:
2
99° 9
xxc at
_u C5
cn
•
i:
<
©r.1
®
:
If-
+-
>
<
fc;
x
t-1
9 9
i
x
Oi
>
1
1
-
H ——
t—-*
mo
»-* o ~
X
;t-
-i
O
X
© 00 '
COoO
CD r O -i
| ©y:
o
/> 2i o 5
J-
■
:
Ci
C x
<
I I
i
•
*
-
o o
C.bO
©V:—
C O
M
r. to
>
111510
; Mon Tufs Wed
®
oc
►
j
x
M 3>
•
STAINED.
l_l
**
’
*<
or
0'
>
X
CO
O
:
X
r-' i-1
di»—•
t- H*
'J
CO >"i
OoO
o5
0* 10
>
*5 x o m
a
I ©
*1
W— H
o
<
<110
lOig
—
x-i
C
a o
>
©o:
‘
(*-
^
to
o
*—
9?
c.
1 0 >2
101 a
101a
io m
101 lj6 lOiim 10:t4
ilo;U
lom
10ir,1(. 1013.0
10K.lt; 1 07s
1 l>16 11 3 J,;
ii q
nq
;
iinv1 11 7S : 4 l7s in-'iii 4115ig
lO'.'lO
-J '1
rj f1
o
_
lb
oo
©v
i
o
Frl.
Til.
>
I ©: :
I I
i
1
I I
•
i
•
11
®
►i
I ©: :
i ®: :
:
*
Includes sales Id September, 1887, ioi September, 2/58 0; Sep
tcinber-October, for October, 570,200.
We have included in the above table, and shall continue each
wee a to give, the average price of futures each day for each mouth.
It
will tie found under each day following the abbreviation “ Aver ” The
average for each month for the veeii is also given at bo; mm of table.
’
Tuesday,
40o.
port. suwpnl't'n ait.
The following exchanges have been made during the week :
330 103,100
330
Sat
i mil and easy
•13 pd. toexch. ICO Mar. for May.
-34 pd. toexeli. 1,000 Jan. for June.
2*2 121,200
i *2
100
Mon .-Easy.•42 pd. to exch. 2,000Dec for June.
*28 pd. to excli. 1,0 jo Jan. foi May.
402 182,500 j
492
Tucs. steady a- q^ dec
•08 pd. to exch. 4<;o Feb. for Mar.
-4*> pd. to exch. 3>*o Jan. On July.
05 102,100!
»;r>i
Wed
1 mil fmt steady..
•03 »id. to exch. 400 Dec. for Nov.
m7 pd. to exch. 100 Dec. for Jan.
200 1 10,100
200
Tliurs Quiet ft rev. quo.
•42 pd. to exch. 840 Dec. for June.
*45 pd. toexch. 500 Jan. bo- Aug.
140-■171,200
Fri... (miet and steady
•41 pd. toexch. 1,000 Jan. for-July.
*21 pd.to exch. K)0 Di c. for Mar.
•07 pd. to exch. 100 May for June.
Even 100 Jan. for Nov.
100 j 1.5 11 j.
Total.)
----I 1,014 |*0 1,201
The Visible Supply of Cot ton to-n ight, as made up by cable
The daily deliveries given above arc actually delivered tlio day
and telegraph, is as follows.
trevious to that on which they are reported.
The Continental stock.', as well as
Ti e Sales and Prices of Futures are shown by the those for Creat Britain and the afloat, are this wo k’s returns,
and consequently all the European figures are brought down
ioUowiag comprehensive table:
BOOT MARKET
cnosiin.
..
......
.
Ex-
Con-
Spec- Tran
Total.
Soles
Deliv¬
eries.
Transferable Orders—Saturday, 10 40c.: Monday. 10 lOe.;
10*30c.: Wednesday, 10 40c.; Thursday, 10-33c.; Friday, 10
Thursday evening.
1886.
1885.
1884.
489,000
401,000
38,000
17,000
389,000
20,000
423,000
54,000
Total Great Britain stock.
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
527,000
418,000
1,600
16,800
5,000
409,000
3,000
32,300
477,000
300
600
900
1,200
2,300
110,000
10,000
34,000
6,000
5,000
1,700
135,000
6,000
23,000
6,000
8,000
3,000
33,300
22,000
300
900
2,000
37,000
4,000
11,000
Stock at Genoa
Stock at Trieste
4,000
33,400
33,000
24,000
131,000
3,000
172,000
3,000
30,000
5,000
TTotal Continental stocks
285,500
203,900
220,200
251,000
Total European stocks....
India col ton afloat lor Europe.
Amer. cott’n afloat for Eur’pe.
812,500
621,900
34,000
629,200
29,000
537,000
36,000
778,082
274,3 18
46,055
728,000
30,000
617,000
341,199
457,000
66,000
864,325
301,824
26,100
15,346
55,000
767,586
Egypt,Brazil,Ac.,allt forET’pe
Stock in United states ports..
Stock in U. S. interior towns..
^United States exports to-day.
September 1 the receipts at all the
towns are 261,171 bales more, than for the same time in 1886.
Quotations for Middling Cotton at Other Markets.—
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week.
Nov. 18.
Galveston
New Orleans.
Mobile
...
Savannah
Charleston
49,000
610,000
44,000
801,316
212,415
11,000
Oontineutal stocks
American afloat for Europe...
United States stock
United States interior stocks..
109,000
617,000
767,586
341,199
United States exports to-day..
26,100
457,000
864,325
301,824
15,346
Total American
Brazil, <£c.—
Liverpool stoek
161,000
17,000
93,900
34,000
66,000
Memphis
Cincinnati
Louisville
196,000
38,000
176,500
30,000
London stock
Continental stocks
India afloat for Europe
55,000
Egypt, Brazil, &c., afloat
29,000
140,000
49,000
36,000
44,000
K^-The imports into
10%).
Thurs.
Fri.
9'5q
9:U
9^8
9^
97*
97s
978
9*8
9*8
9*8
*>nt6
9*8
9-*8
978
9*8
91-2
978
9*8
9*8
9*8
9*8
9*4
978
97s
91516
978
978
978
10Li
10i2
10*8
10L>
10L>
978
97s
97s
101-2
10*8
10*4
9*8
10*8
10*8
10*8
10^
9*8
10*4
9*4
9 *4® 10
9*4
9*4
9*4® 10
9*8
9*8
.
9®m
9*18
978
9*4
9l*io
10^2
10*8
10*8
9^®9,fl
9*io
0*13
9*8
9iit«
9*4
9*4
9*4® 10
9*8
9*8
9*8
9*10
9L1
91116
0°16
9*16
9*4
9 *4® 10
9*i® 10
9*8
9*8
“
21
“
28
Nov.
188ft.
“
....
258.4S3
271,005
273.550
208,500
1885.
1887.
1880.
231,491 230,288
201,704 200,818
208,023
274,4vf3
11
232,001
18...... 270,4 il
4
SVk at Interior
Receipts at the Ports.
Oct. 14
9*8
9^4
9*8
the
1880.
Towns)Rec'pts from PlanVns.
1887.
1885.
1880.
| 1887.
270,870 119,132 143,852 179,580 200 838 202,505 308,457
271,799 101,182 185,521 229,700 303,754'308.487 321,919
i!94.9:34 200.307 228,997 208,7531313.148 301,959 333,987
289,174 250,044 279,0341301,901 i324, >79 34*2,352'822,382
301,000 279,931 317,097 347,022 255,348'311,583 340,001
284,810 30.1.201 337,180 384,794'299,751 288,079!322,588
The above, statement shows—1. That the total receipts from
the plantations since September 1, 1887, are
in 1886 were 2,446,732 bales ; in 1885 were 2,458,768 bales.
2,986,125 bales;
5 3rd
5-hfid.
9-ioC.
5*i«d.
Ohec.
5y1(id.
...
Week
2 ,649,385 2,360,395 2,329.685 2,455,73!
.Price Mid. Upl., Liverpool....
Price Mid. Upl., New York
..
Ending—
482,000
272,200
2 ,153,885 1,985,495 2,057,485 1,973,731
supply
Wednes.
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
374,900
495,500
Total East India, &c
Total American
Tues.
receipts
212,415
11,000
72,200
Mon.
Receipts from the Plantations. — The following table
indicates the actual movement each week from the planta¬
tions.
The figures do not include overland
nor
Southern consumption; they are simply a statement of
111,000
610,000
801,316
195,000
54,000
....
on—
Satur.
10*8
1078
9*4
9*4
9*4
...
St. Louis
228,000
115,000
20,000
.
Philadelphia
2 ,153,885 1,985,495 2,057,485 1,973,731
East Indian,
Total visible
274,000
148,000
537,000
778,082
274,348
46,055
237,000
110,000
bales 293,000
..
Augusta
2,049,385 2,300,395 2,329,085 2,455,731
Of the above, the totals of American and other descriptions are as follows:
American—
...
Wilmington
Norfolk
Boston
Baltimore
Total visible supply
(Liverpool stock
CLOSING quotations for middling cotton
ending
Week
■
1887.
bales
Stock at Liverpool
Stock at London
32,201 bales more than the same
the same towns have been
week last year, and since
But to make the totals the complete
figures for to-night (Nov. 18), we add the item of exports from
the United States, including in it the exports of Friday only.
*4/0
fVou XLV
THEE CHRONICLE
680
10Ji>e#
2.—That, although the receipts at the outports the past week
284,816 bales, the actual movement from plantations was
322.5Q8 bales, the balance going to increase the stocks at the
interior towns. Last year the receipts from the plantations
for the same week were 288,079 bales and for 1885 they were
299,751 bales.
Continental ports this week have been
were
■99,000 bales.
The above figures indicate an increase in the cotton in sight
'to-night of 28s,990 bales as compared with the same date of
1886, an increase of 319,700 bales as compared with the corres¬
Amount of Cotton in Sight Nov. 18.—In the table below
ponding date of 1885 and an increase of 193,654 bales as
we give the receipts from plantations in another form, and add
compared with 1884.
At the Interior Towns the movement—that is the receipts to them the net overland movement to Nov. 1, and also the
for the week and since Sept. 1, the shipments for the week, takings by Southern spinners to the same date, so as to give
And the stocks to-night, and the same items for the corres¬ substantially the amount of cotton now in sight.
1887.
ponding period of 1886—is set out in detail in the following
| 1886. | 18S5. | 1884.
statement.
2,625,161 2,157,612 2,165,357 2,220,759
I
|
|
Receipts at the ports to Nov. 18
Interior stocks on Nov. 18 in
E
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figures for Louisville in both years are “ net.”
The above totals show that the old interior stocks have
increased during the week 33,174 bales and are to-night 39,375
i»les more than at the same period last year. The receipts at
|
is 694,723
bales.
Weather Reports by Telegraph.—Our reports by tele¬
graph to-night indicate that under the influence of favorable
weather conditions picking and marketing continue to make
have had rain on one d ly of the
hundredth of an i >eh. The
thermometer has averaged 66, ranging from 56 to 76.
Palestine, Texas.—The weather has been dry all the week.
Average thermometer 60, highest 76, lowest 38.
San Antonio, Texas.—It his been showery on three days of
the week, the rainfall reaching eighty hundredths of an inch.
The thermometer has ranged from 48 to 76, averaging 61.
New Orleans, Louisiana.—We have had no rain all the
week.
The thermometer has averaged 64.
Shreveport, Louisiana.—Rainfall for the week two hun¬
dredths of an inch.
Average thermometer 59, highest 80 and
have had rain on one day of
reaching four hundredths of an inch.
averaged 50, ranging from 30 to 66.
Leldnd, Mississippi.—Rainfall for the week thirty-three
the week, the rainfall
The thermometer has
an inch.
The thermometer has ranged from
*
78, averaging 57.
Greenville, Mississippi.—It has been cloudy during the
week, but with no rainfall. The thermometer has averaged
55, the highest being 71 and the lowest 40.
Clarksdale, Mississippi.—There has been no rain during
the week.
The thermometer has averaged 56, ranging from
hundredths of
P
Qq
X
03
I
] 590,624- 471,839
Columbus, Mississippi.—We
-
©
M
toj
lowest 35.
© »a to m *a -a x w
M
H*
C
spinners’ takings
week, the rainfall reaching one
M
m 1—1
Ci
]3,276,080|2,661,818 2,671,924 2,581,357
excellent progress.
Galveston, Texas.—We
•
10-104-
ft-
M
+-1
V
9
£
M
to
MWCOCOCUOO'X
4- 4- © © © *a ci © 1c 4- -a — © -1 © © 1 o i o x
© 4- r- © t3 tc © -1 C t O X —X© -1 03 X X —
M-a©©©/r-©©Ci4-4-XtO©©©©MM
©Ci
03
03
If-
X
M ©
-HO
| 360,964] 289,120 293,411 212,324
2,986,125'2,446,732 2,458,768 2,433,083
204,955] 147,086 153,156. 98,274
lj 85,000- 08,000
60,000 50,000
1
474,500 384,555
It will be seen by the above that the increase in amount in sight to¬
night, as compared with last year, is 614,262 bales, the increase ft*
compared with 1885 is 604,156 bales, and the increase over 1884
Northern
Nov. 18
M
to to 03 Cl
M
-1
sight Nov. 18
Total in
MCI ©4-one COM
© 4* X’' C< to X © X © © -1 ic © © 4--1 © © X
©-1 © © © C« Cl © »-C*X If* -1 4-m© - I tC Cl
4- Ci 03 tC M © m © it Ci 4* © © X © X X C tC
Ci -1
of September 1
Tot. receipts from plantat’ns
Net overland to Nov. 1
1
Southern eonsumpt’n to Nov.
Towns.
3*V £*£3?-®VJ
1-3^
-
Egr1*
5!: 0: : : :
X
^
M
if-
O
K>
c
S
0
B
towns
•
0
^ 2. k 2
2
P
ft-
•
0
>-•
►—‘
ET
2 £
*0
excess
p
3C CD Cfi '~i —
<j v- i\ 0
«
new
•
•
O-z.ri FT 3
f= e
Al,
33 to
38 to 74.
Vicksburg, Mississippi.—We have had no rain during the
The thermometer has ranged from 40 to 77, averaging
week.
61.
November
681
CHRONICLE
THE
19, 1887. J
Gloster, Mississippi.—Telegram not received.
Helena, Arkansas.—The favorable weather has
the prospective yield of cotton. The crop
The thermometer has averaged 57, the highest being
increased
is moving freely.
78 and
The above totals for the week show that the movement
the ports other than Bombay is 3,000 bales more than the
week last year.
For the whole of India, therefore, the
from
same
total
shipments since January 1, 1887, and for the corresponding
periods of the two previous years, are as follows :
40.
EXPORTS TO EUROPE FROM ALE INDIA.
Memphis, Tennessee.—There has b°en no rain all the week.
Picking on the uplands is finished and marketing continues
1880.
1885.
1887. ‘
free.
The thermometer has averaged 57, ranging from 42 to 76.
Shipments
This
Since
This
Since
Nashville, Tennessee.—There has been no rain all ilie week.
This
Since
to all Europe
week.
Jan. 1.
Jan. 1.
week.
week.
Jan. 1.
The thermometer has ranged from 31 to 75, averaging 50.
from—
Mobile, Alabama.—No rain all the week. Average ther¬
1,000
692,000
4,000 1,013,000
6,0001,065,000
Bombay
mometer 61, highest 79, lowest 43.
215,000
257,000
5,000
All other ports.
3,000! 417,000
Montgomery, Alabama.—It has rained on one day of the
Total
9,0001,482,000! 4,000 1,270,000 6,000 907,000
week, the rainfall being inappreciable. The thermometer has
averaged 58, the highest being 78 and the lowest 41.
Alexandria Receipts and Shipments.—Through arrange¬
Selma, Alabama.—Rain has fallen on one day of the week,
ments we have made with Messrs. Davies, Benachi & Co., of
the rainfall reaching fifteen hundredths of an inch.
The
Liverpool and Alexandria, we now receive a weekly cable of
thermometer has averaged 55, ranging from 40 to 73.
the movements of cotton at Alexandria, Egypt. The follow¬
Auburn, Alabama.—There has been no rain all the week,
ing are the receipts and shipments for the past week and for
but we had a heavy fog on the 16th inst.
The thermometer the
corresponding week of the previous two years.
has ranged from 40 to 73, averaging 57.
the lowest
'
received.
Birmingham, Alabama.—Telegram not
Alexandria, Egypt,
Nov. 16.
Madison, Florida.—Rainfall for the week fifteen hun¬
dredths of an inch.
Average thermometer 55, highest 73,
lowest 40.
Georgia.—There has been no rain all the week.
Columbus, Georgia.—It has rained on one day of the
week, the rainfall reaching one incn. The thermometer has
averaged 57, the highest being 72 and the lowest 45.
Savannah, Georgia.—It has rained very lightly on one day
of the week, the rainfall reaching one hundredth of an inch.
The thermometer has averaged 58, ranging from 41 to 76.
Augusta, Georgia.—The weather has been clear and
pleasant all the week, with light frost on Wednesday. Pick¬
ing in this vicinity is drawing to a close. The thermometer
Receipts (cantars*)—
1,116,000
Since
This
week.
Exports (bales)—
To Liverpool
Total Europe
*
A cantar
Sept. 1.
30,000
—
..
Since
This
week.
Sept. 1.
124,000!
Since
This
week.
Sept. 1.
81,OOo' 14,000
9,000
83,000 21,000
41,000 4,000
14,000
16,000
To Continent
180,000
1,033,000
190,000
982,000
190,000
This week....
Since Sept. 1
faMacon,
1885.
1886.
1887.
21,000!
102,OOOI’23,000]
25,000
61,000
29,000
90,000
ia 98 pounds.
This statement shows that the receipts for the week ending
Georgia.—No rain all the week. Average ther¬ Nov. 16 were 190,000 cantars, and the shipments to all Europe
mometer 52, the highest being 70 and the lowest 39.
No kill¬ 30,000 bales.
ing frost yet.
Manchester Market.—Our report received by cable to-night
Albany, Georgia.—Picking is finished and the cotton near¬ from Manchester states that the market for yarns is dull but
ly all marketed. The thermometer has averaged 57, the steady, and that shirtings are quiet. We give the prices for
highest being 70 and the lowest 44.
to-day below, and leave those for previous weeks of this
Charleston, South Carolina.—It has rained on one day of and last year for comparison:
the week, the rainfall reaching four hundredths of an inch.
1886.
The thermometer has averaged 57, ranging from 42 to 72.
1887.
Ntatebarg, South Carolina.—Riin has fallen on two days
CotVn
CotVn
32s Cop.
84 lbs.
84 lbs.
32s Cop.
Mid.
of the week to the extent of thirty-six hundredths of an inch.
Mid.
Twist.
Shirtings.
Twist.
Shirtings.
Up Ids
Upld8
Some hail and thunder on Monday, also three frosts during
the week.
The thermometer has ranged from 36 to 64,
<L
a.
d.
d.
d.
d. s. d.
s.
d.
d.
d. 8. d.
averaging 51*6.
5*4
7% ®758 5 74®6 74
5
74®6 9
Oct. 14 7«g ®8
5*4
5 74®6
9
73i6®7lli0 5 74®6 74 Sis
21 7^8 ®8
Wilson, North Carolina.—We have had rain on one day of
74 ®758 5 74^6 74
5 74®6 9
28 73s @8
the week, the rainfall reaching ten hundredths of an inch.
5 7 4® 6 10
7316®7ii16 5 74®6 74 s34*
The thermometer has averaged 50, the highest being 66 and Nov. 4 738 ®8
5 7 4®6 10
73|Q®71110 5 74®6 74 54
11 7% ®83s
has
ranged from 34 to 74, averaging 54.
Atlanta,
<<
“
“
the lowest 34.
“
following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3
o’clock Nov. 17, 1887, and Nov. 18, 1886.
18
7582>814
5
5
73s ®8
0
®7
8
74®6
74
53*
The
Memphis
Nashville
Bhreveport
Vicksburg
*
—
.Above low-water mark.
.Above low-water mark.
.Above low-water mark.
.Above low-water mark.
Above low-water mark
Feet.
1
3
8
7
Inch.
3
4
Feet.
New Orleans
Nov.
’87.
Nov. 17,
1
2
O
1
7
0
5
*3
,
18,’86.
Inch.
6
8
o
BOMBAY RECEIPTS AND
Shipments this week.
1887
1886
1885
1884
3,000
4,000
1,000
2,000
Conti¬
nent.
3,000
7,000
receipts
Continent.
Total.
Total.
6,000
4,000
1,000
9,000
Great
Conti¬
Britain
nent.
This
Total.
Week.
Great
Britain.
324,000
208,000
bales....
425
426
425*4
137,700,000
88,608,000
226,308,000
.bales
251,000
154,000
405,000
of bales....
Takings in pounds
436
420
430
l,633,C0u
174,212,000
Conti¬
nent.
Total.
9,000 1,036,000
6,000 L,590,000
Shipments since January 1.
Great
Britain.
99,000
61,000
1,000
2,000
Contitient.
127,000
37,000
Average weight of
Takings in pounds
..
Average weight
Total.
226,000
98,000
1,000
57,000
37,000
13,000
5,000
70,000
42,000
2,000
87,000
66,000
34,000
5L000
121,000
117,000
According to the above, the average weight of the deliveries
in Great Britain is 425 pounds per bale in October this season,
against 436 pounds during the same time hist season.
The
Continental deliveries average 426 pounds, against 420 pounds
the whole of Europe the deliveries average
bale, against 430 pounds last season. Our
dispatch also gives the full movement for this year and last
year in bales of 400 pounds each.
last year, and for
425'4 pounds per
1
In October.
1,000
3,000
243,000
164,000
417,000
257,000
Continent.
Total.
For 1887.
51,000
341,000
167,000
222,000
218,000
566,000
Total supply
Consumption 4 weeks
395,000
288,000
389,000
284,00i)
784,000
572,000
Spinners’ stock Nov. 1
1
105,000
212,000
166,000
161,000
221,000
274,000
329,000
288,000
327,000
272,000
560,000
41,000
55,000
96,000
7,(.00
For 1886.
Spinners’ stock October 1..
Takings in October
supply
Consumption 4 weeks
Total
174,000
93,000
3
Great Britain.
Spinners’ stock October 1..
Takings in October
'.
Spinners’ stock Nov. 1
2,000
6
109,579,000
Year.
371,000 694,000 1,065,000 8.000 1,522,000
328.000 685,000 1,013.000 11.000 1,451,000
692.000
220,000 472.000
507,000 653,000 1,160,000
522,000
spinners...bales
Takings by spinners
Receipts.
Shipments Since Jan. 1.
Calcutta—
1887
1886
Madras—
Total all1887
1886
in actual bales and.
For 1886.
SHIPMENTS FOR FOUR YEARS.
Shipments for the week.
1887
1886
All others—
1887
1886
Great Britain.
In October.'
17.
According to the foregoing, Bombay appears to show a
decrease compared with last year in the week’s receipts,
of 3,000 bales, and an increase in shipments of 2,000 bales, and
the shipments since Jan. 1 show an increase of 52,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of January, for two
years, has been as follows.
“Other ports” cover Ceylon,
Tuticorin, Kurracliee and Coconada.
-
Ellison’s figures for
For 1887.
follows for
Great
comparison. The spinners’ takings
pounds have been as follows :
Takings by
India Cotton Movement from all Ports.—The
and shipments of cotton at Bombay have been as
the week and year, bringing the figures down to Nov.
Brit'n.
October.—We have
October, the first month of the new cotton season. We have
also received the revised totals for last year and give them for
6
4
1
Below zero of gauge.
Tear
European Cotton Consumption for
received to-day (Friday), by cable, Mr.
The
«
55,000
foregoing indicates that
000 bales,
•
435,000
656,000
spinners’ stocks are now 212,
against 96,000 bales last year.
682
THE CHRONICLE.
Large Cotton Fires.—An
beefa defitroyed by
the
thus far this
ocean
enormous
amount of cotton ha'*
fire at the ports and interior towns and
The losses at Savannah
season.
on
on
steamers
loading were a feature for a time, two of them oc.
one week and four of much less importance being
reported subsequently in as many days. Since then other outports have suffered in the same manner in some measure. Bat
the most important losses have occurred at interior towns
within the last seven days, resulting in the destruction (if
present estimates are fully confirmed) of something like
30,€00 bales. The list of casualties includes the loss of about
6,000 bales at Memphis on the 11th inst., 3,200 bales at Green,
ville, Texas, and nearly 5,000 bales at Little Rock on the 14th,
and finally over 13,000 bales at Memphis November 17.
This
is a very surprising list of casualties.
curring in
bagging and orders are coming to hand for present wants.
are steady and sellers are
quoting 5fg@5^c. for 1%
bs., 6@6)3C. for
lbs 6}£(3}6%c. for 2 lbs. and 7@7}<c. for
standard grades.
Only a limited inquiry is reported for
butts, and small orders are being filled at 2}4@2%v. for paper
grades and 2^3@2)£c. for bagging qualities, but on a quantity,
less would buy.
,
East India Crop.—The
and
1887.
I1
18SG.
1885.
!
I
1 8s3.
I
i
()54,77(»| 359,20:5 385,(542, 315,145 313,8121
Sept’mbT
October.. 1,213,10 l: 1,034,450 1,055,524 1,090,385 1,04(5,092
3.
Nor.
10.-
!
Same
period
previ’ui
Sept. 1.
year.
Kor.
| 17.
9.566 13,794 11,968 130.472 141,641
5,370
3,419
4,593
35,712
22,562
_
1, • 0
1,633
(
1
17,163
1,877
12,562
17,163
fO
150
5,(8 8
2,142
3,314
31,096
29,406
5,390
3,981
34 342
20,659
11,128
6,273
71,752
61,862
3.^87
......
703
5,023
2,050
2,565
703
6,910
4,415
27fe4otal,394.21,G( 2*257,408
247,043
52
.:
3,724
Other ports
2,841
2,841
6,997
Total
6,£65j
9,8ti0
No. Europe..
12,4 62
2,658
300
to
2,658
1(0
1,507. 1,633
Bremen
Hamburg
1,877
- -• • •
1
Total French
11,797
.
Sp’a.Op’rto.Glbi’it’r.&c
All other
|
20.751
the
are
3,133
Gross Receipts of Cotton at
Philadelphia and Baltimore for the past
York.
N KAV
lleceiptt
from—
Vhit
week.
j
1
-
Savannah
Phii.adf.lph’a
Since
ThU
Since
Sept. 1.
week.
Sept. 1.
'
Baltimore.
j Thin
Since
This
Since
j week.
Sept.1.
week.
Sept. 1.
I
1
1
130,51(3
5,40.>;
..
Boston.
T ia
(5,005
13,278
Trtins
11(5,-'12
1,703
I
1 253
23,0*3
1
V‘55
10,589-
1,951
i
f
205
(507
3o. Carolina
N'o.Carolina
5.(537
54,221
2,431;
12,152
Vir^ini;.....
•Sort h’n p’tn
7,113
(51,' 94
3,18*
42
12.5 -3
2.214
2,(300
renr..,Ac...
1881.
Nov.
|
Total
since
roTALToG?. Britain.. 18,379,12,985 18 383 11,968 166,184:164,203
Daily Crop Movement.
Beyinnuiy September 1.
|
1,1887.
week, and since September 1, 1887.
comparison of the port movement by weeks is not accurate,
as the weeks in different
years do not end on the same day of
the month. We li *ve consequently added to our other
standing
tables a daily and monthly statement, that the reader
may
constantly have before him the data for seeing the exact relative
movement for the years named.
The movement since
September 1, 1887, and in previous years, has been as follows.
Tear
!
13,009!
Liverpool
Other British ports....
The Following
—A
Monthly
Leceipts.
Oct.
,7.
New York, Boston,
still uncertain.
New York since Sept.
Week endinu-
Exported to—
Grand Total
During the earlier part of the ■week the weather up-country continued
line and dry, but within the last day or two timely showers havp fallen
in the Omnia districts.
Unfortunately, the rain has not, so far. extended
toGiizerat and Kattywar, where it is most needed,
and prospects in these
Comparative Tort Receipts
Exports of Cotton (bales) from
Total Spain, &c
following is from Messrs. Gad.
Bytlull & Co.’s report, dated Bombay, Oct. 14 :
are
table, showing the exports of cotton from New York, and the
direction, for each of the last four weeks; also the total exports
and direction since September 1, 1887, and in the last
column
the total for the same period of the
previous year.
OtherFrench ports
Prices
districts
The Exports of Cotton from New York this week show
a
decrease compared with last week, the total
reaching 21,602
bales, against 31,394 bales last week. Below we give our usua*
Havre
Jute Butts, Bagging, &c.—A fair demand is reported for
dum
l^Vot. XLV.
1 882.
!
470
•
This year.
980,584
'.ast
year,.
I
1
30,(592
18,2(55
......
2.5
2,2.5
183
2,494
4,795
984
4,494
oo3
1,890
..
.
.
154
095
-
33,07(3
1
|
(31
40,0471
473,101
20.075
134,(583
2,(375
20,858
7,0.33
53,150
457,214
28,(524
117,055
.12,815
1- (5,(314
7,759
48,349
Foreign.....
32(5,(550
!
....
57.1811
.
i
Total
1,8(58,180 1,393,(553 1,441,2(5(5 1,435,830 1,389,90 U 1,307,240
Pero’tage of tot. pen
receipts Oct.
j
31.|
2(5-19
2(5-71
30*0(5
28-(50
•
'
Shipping News.—The
exports of cotton from the United
mail returns, have reached
181,555 bah s. So far as the Southern ports are concerned, these
are the same exports reported by
telegraph and published in
the Chronicle last Friday.
With regard to New York we
include the manifests of all vessels cleared up to Thursday.
States the past week, as per latent
.21-72
This statement shows that up to Oct. 31 the
receipts at the
ports this year were 474,527 bales more than in 1SS6 and
426,914 bales more than at the same time in 1885. By add¬
ing to the totals to Oct. 31 the daily receipts since that time
we shall be able to reach an exact
comparison of the move
Total bales
New York—To Liverpool, per steamers Arizona. 913
lina. 1,(575
Etruria, 209
Germanic, 2,217
2,407... St. Konans. 4,541
To Havre, per steamer La Normandie, 2,(558
To Bremen, per steamer Eider, 150
ment for the different years.
1887.
!
1885.
1884,
1SS3.
!
1 882.
Tot.Oc.31
1,SOS, ISO 1 ,393,653 .1,411,266 1,135,830 1,389,90 1 1,307,2-10
Nov.l
11.951 i
8.
45,4 64
32,374 j
31,747
36,792
55,245
37,080j
52,230
43,629:
3-8,060
4 3,293,1
3...
36,645
•18,601
3 7,*2 is'
4 1,574
59,119
4....
50,2-1 1
S. - !
36,619
40,678
4(),4<J3
3 s, 901
j
U
To Naples, per steamer Columbia, 104...
New Orleans—To Liverpool, per steamers Explorer, 4,894
O
“
*■;
-10,917
43,781
27,625
34 ,S( |(;
01,344
“
6....
8.
4 1,66S
50,534
34,599
38,55s!
7...
61,()SS!
•19,216
“
27,266
56,307
3
1,133!
8....
61,309
56,690
29,523
12,475
37,582
41,068
4 6,995
45,51 L
32,773;
{<,
-11,411'
31,769
35,! 10
55.01S
38,271
44,994
63,57s
33,268
3(3,297
57,777
35.572
4 1,677
s.
i
38,(351
33,792
34,930
47.217
51.049
50,219
57,258
30.801’
52,090
32,435
67,765
31.943
33.560
29,s‘.)7
31,127‘
32.1 75
47,217
55, 15.5
i
3.8,8‘J‘J
“
“
9....
“
10....
“
1 1
“
P_’....
“
55,807,
....
37.071
13....
.
i
58.4 I8i
8.
15....
51.535!
56.53S
1(5...
-is.atf)
43,0 s 1
56.629
“
17....
".(-.VS'
39,1ST
44,132
51,482
(>7,38 1 :
12
T* T: v'
“
is
54.724I
99.“’9 1
■15,-177
3s,6-L3
s-
‘•11...
“
“
Total
....
2,625,1 61 2
Percentage of total,
portree’ptsNov. IS
10
,
39 v 6
38-42
43-59
4 1 -32
i
32-9(3
\
*’ {
*.
This statement shows that the receipts since
Sept. 1 up to
to-night are now 520,525 bales more than they were to the same
day of tlie month in 1886 and 551,552 bales more than they
were to the same
day of the month in 1885. We add to the
table the
percentages of total port receipts which had been
.received to Nov, 18 ip each of the
years named,
1,545
2,430599
104
...
Havre,
per
*
8.
j
150
2,142
.*
12,174
steamers Barden Tower, 5,191
Bordeaux,
8,89(5
Kairos,7,752
21,842
To Bremen, per steamer President Garlleld, 4,975
4,975
To Antwerp, per steamer Clintonia, 3,499
3,499
To Barcelona, per steamer Pio IX., 1,842
1,842
To Genoa, per steamer Cedar Branch, (5,200
(5,200
Mobile—To Liverpool, per bark Keewaydin, 2,140
2,140
Savannah—To Liverpool; per steamer Scawiell, (5,342
(5,342
To Havre, per steamer Weatherly, 5,450
5,450
To Bremen, per steamer Elpis, 5,283
5,283
To Antwerp, per s.tearner Graudliolm,3,500
3,506
To Brval, per steamers Harrogate, 4,700
Maude, 4,700...
9, LOO
To Barcelona per steamers Huglienden, 4,898
Naranja,
To
8.
1,636 2,073,609 2,082,007 2.004,1 IT 1,983,893
’
2,(558
Jamaican, 3,800... Strabo, 3,480
“
a
11,9(58
To Hamburg, pel-steamers Polaria, 1,201
Rhaetia,911...
To Amsterdam.’ per steamer Edam, 1,545
To Antwerp, per steamers Jan Brevdel, 2,132... Pennland,
304
To Genoa, per steamers Columbia, 519... Eutella, 50...;
1
1886.
Caro¬
Ohio,
]
2,497
Charleston—To Bremen, pur steamer Gardenia. 4,750
To Barcelona, per steamer Ardanbhan, 2,725
per bark
Alina, 1.451
7,395
Galveston—To Liverpool.-per steamer Roman Prince, 4,950
To Havre, perbark Platon, 1,400/
To Bremen, per steamer Duchess. 4,871
Wilmington—To Liverpool, per steamers Beecln ille, 4,7-88
I >a vies ford. 3,900
To Bremen, per steamer Bedlington. 3.823
Norfolk—To Liverpool, per steamers Bombay, 7,950
Hugo,
4,950
4,750
4.17(5
1,400
4,8(1
'
8,(588
3,823
2,10(5... Tmbros, 3,700.
1(5,081
West Point—To .Liverpool, per steamer Benison, -1,800
Newport News—To Liverpool, per steamer Cascapedia, 7,511.
Baltimore—To Liverpool, per steamer Ncssmore, 3,023....
To Bremen, per steamers Main. 1,532.*.. Weser, 551
Boston—To Liverpool, per steamers Bulgarian, 2,0(54
Norse¬
man, 3,002....8cythicl, 1,083
Total
The
.
4,800
7,511
3,023
2,083
(5,749
184,555
particulars of these shipments, arranged in our usual
form, are as follows;
November
Am stent.,
Brem. Antw'p
and
and
BarceHavre. Jlamb. Bernl. lena.
Liver¬
pool.
12,171 21,812
N. Orleans.
2,110
Mobile
5,150
1,950
8,688
16,081
Norfolk
1,800
West Point
7,511
Newport N.
5,023
Baltimore
6,719
Boston
1,100
.
Galveston.
1,750
1.871
4,176
......
50,532
2,110
......
...
.
2,083
.
Market,
)
Freely
12:30 r.M.
£
offered.
Mid.UplVls.
5%
SHifl
8,926
11,221
12,511
16,081
4,800
7,511
5,106
6,749
Spec. & exp.
...
Mid. Orl’iis
Sales
Below we add the
cotton from United
the latest dates :
Friday.
Freely
otTered.
Moderate
demand.
for sale-
5*8
r>3ls
5 ■’*8
51116
5*8
8,000
10,000
10,000
5^3
7,000
..
1,000
1,500
1,500
1,000
Easy at
Steady at
Steady at
Easy at
8-64 de¬
cline.
2-04 de¬
cline.
2-64 ad¬
vance.
4-04 de¬
cline.
Easy.
Bt« ady.
5r*s
5Hic
10,000
2,500
10,000
2,000
i
carrying
down to
clearances this week of vessels
States ports, bringing our data
Market,
)
Steady at
12:30 r..M.
j
a
Market,
)
1 1*. m.
3
Liverpool—Nov. 11—Steamer Galveston, 5,269 —
5,936; Cyplirenes, 4,902; Bark Vic¬
Galveston—For
Th ursd'y.
Hardent’g In buyers’
favor.
tendency.
Futures.
104 181,555
6,799
20,386 13,413
81,126 31,550 28,077
Total...
Wednes.
Saturday Monday. Tuesday.
Spot.
37,376
3,823
Wilmingt’n
The tone of the Liverpool market for spots and futures each
day of the week ending Nov. 18 and the daily closing prices
of spot cotton, have been as follows :
21,602
104
12,'900 7,395
5,283
6,512
Savannah
Charleston.
Total.
Genoa. Naples.
599
1,842 0,200
3,981
3,499
2,292
1,975
2,658
New York. 11,968
683
THE CHRONICLE.
19, 18S7.J
Steady
Quiet
at
1454 ad
decline.
vanco.
Barely
d
steady.
steady.
Pressed
5n16
h
Barely
steady.
Steady.
opening, highest, lowest and closing prices of futures at
Liverpool
for each day of the week are given below. These
Ocean Prince, 1,227.
New Orleans—For Liverpool,—Nov.
31—Steamers Haytien, 5,201; prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
Scholar, 3,607—Nov. 15—Steamers Nieeto, 5,364; Professor, 6,255.
For Havre,—Nov. 11—Steamer Austerlitz, 4.000.
The prices arc given in pence and 61 Ms. thus:
4 63 means
For Bremen—Nov. 11— Steamer Marsh, 5, i/0.
For Koval—Nov. 12—Steamer Glenmavis, 5,876
Nov. 5—Steamer 4 63-64*/., and 5 01 means 5 l-64d.
Nov. 12—Steamers Countess,
The
toria, 1,535.
For Bremen—Nov. 12—Steamer
Europa, 6,310.
For Genoa—Nov.
12—Steamer Aeuha, 3,182.
Snt., Nov.
Mobile—For Liverpool—Nov. 11—Steamer Iloraehiiles, 7,277.
Savannah—For Liverpool—Nov. 12—Steamer Anjer Head,
Nov. 16—Steamer Wylo, 1,012
For Bremen—Nov. 11—Steamer Wolviston,
For Koval—Nov. 12—Steamer Sylvia, 1,708.
5,500
Open High Low. Clos.
4,100.
For Barcelona—Nov.
For Santander—Nov.
3,750.
15—Steamer Coronilla,
12—Bark Chondor, 1,000.
Charleston—For Liverpool—Nov. 16—Steamer Lemuria,
For Havre,—Nov. 12—Steamer Peru, 6,1 13.
For Sebastopol— Nov. 1.5— Steamer Paso, 4,948.
4,339.
Norfolk-For Liverpool—Nov. 14—Steamer Enrique, 5,710.
Newport News—For Liverpool— Nov.* 15—Steamer Duke of
ham, 5,890.
Point—For Liverpool—Nov. 15—Steamer Fowliattan,
Boston—For Liverpool—Nov. 9—Steamer Catalonia, 1,091.
For Yarmouth—Nov. 11-Steamer
Yarmouth, 102
West
Steamer Yarmouth, 51.
Bucking¬
0,550.,
Nov. 15—
Antwerp—Nov. 16—Steamer Nederland,
Below we give all news received to
sels carrying cotton from United States
d.
d.
d.
d.
d.
d.
d.
d.
541
542
541
5 42
5 30
5 30
536
5 SI
533
5 37
5 37
5 34
5 34
5 37
538
5 37
538
5 33
5 33
5 S3
5 33
5 33
5 33
5 34
5 30
5 30
5 30
5 31
5 31
531
5 31
5 33
5 33
5 33
5 33
5 30
5 30
5 30
5 30
531
5 31
5 31
5 31
Feb.-March 5 34
Mar.-April. 5 35
Aprll-May.. 5 30
May-.Tune.. 5 33
June-J uly.. 5 40
5 31
5 34
5 34
5 37
5 37
5 37
5 37
5 33
5 32
5 32
5 32
5 as
5 38
5 33
5 33
5 33
533
...
British King, 1,830
For
d.
d.
5 34
New Brunswick, 10.
15—Steamer Caspian, 890.
Lord Clive, 1,572.
Open High Low. Clos.
Nov.-Dee... 5.°4
Dec.-Jan ... 5 83
For Bremen—Nov. 15—Steamer Donau, 1,988.
Phil a del mi i a—For Liverpool—Nov. 8—Steamer
Nov. 15—Steamer
Open Hioh Low. Clos.
November.. 5 87
Annapolis—Nov. 12—Steamer
Baltimore—For Liverpool—Nov.
Tues., Nov. 15.
5 37
Jan.-Feb
.
For
(I.
d.
Mon., Nov. 14.
3'Z.
5 35
5 35
5 35
538
5 38
5 30
5 36
5 36
5 40
5 40
5 40
5 40
5 35
535
5 35
5 35
5 42
5 42
542
5 37
5 37
5 37
5 37
5 44
5 44
5 44
5 39
5 39
5 34
539
5 38
5 38
5 38
5 42
5 40
5 40
5 40
5 44
Wcdnes., No> .10.
Thurs., Nov. 17.
Fri., Nov. IS.
Open High Low. Clos.
Open High Low. Clot.
Open High Low. Clos.
770.
d.
d.
date of disasters to ves¬
ports, &c.
(Br.)t from Charleston for Harve, put into
Queenstown Nov. 11, with a lire in her cotton cargo. It was dis¬
covered on the 10th and spread rapidly. Volumes of water werepoured through holes in the deck and the Haines were partly sub¬
dued. The steamer was docked.
Harrowoate, steamer (Hr.), at New Orleans for Havre.
Fire was dis¬
covered at 2 F. M. November 14th on board steamer Harrowgate.
It w.is-confined to the forward compartment and was extinguished;
800 bales of cotton were damaged by tire, and water.
Haktinoton. steamer tBr.)
On Nov. 4 while a lighter was putting the.
last load of cotton on board steamer Ilartington (Br.) in the outer
roads at Galveston one of the bales was discovered on lire m the
sling and fell among the cotton on the steamer's deck. Ten bales
City of Newcastle, steamer
d.
d.
d.
d.
d.
d.
d.
d.
5 39
5 39
5 39
6 39
5 33
5 33
5 33
5 33
November..
5 38
5 37
5 30
5 37
5 32
5 33
5 32
5 33
5 34
5 31
5 34
5 84
5 28
5 29
5 28
529
Nov.-Dee...
531
5 32
5 31
5 32
5 33
5 33
5 33
5 33
5 27
5 28
5 27
528
5 33
5 33
5 33
5 27
5 27
5 27
5 27
Dec.-Jan
5 31
5 31
531
5 31
5 33
5 32
5 31
5 32
5 34
531
5 33
5 33
5 28
5 28
5 28
5 28
Feb.-March
5 31
5 32
5 34
5 32
5 54
5 33
535
5 25
5 35
5 29
5 30
5 29
5 30
Mar.-April.
April-May
5 34
5 35
534
5 35
5 37
5 37
5 36
5 30
531
5 32
531
5 32
5 37
5 SO
5 37
5 39
5 39
538
c
38
5 33
534
5 33
5 34
5 39
5 38
5 39
5 41
5 41
5 40
5 40
5 35
5 30
5 35
5 30
Jan.-Feb.
..
.
May-June.. 5 30
June-J uly.. 5 38
1
•
B R E A D S T u F F
partially burned. A board of survey was held upon tho Ilar¬
tington same day to ascertain the extent of the damage. The hoard
recommended that the 10 bales be laid aside from the other cotton
wore
arid'forwarded to destination in the present condition. The Ilar¬
tington sailed for ;Bivcrpool on the 5tli.
Ocean Prince; steamer tBr.) A tire was discovered Nov. 12
on the deck of the steamer Ocean Prince (Br.), loading in the outer
roads at Galveston. Six bales were thrown overboard. No further
d.
d.
Friday, P. M.,
s
■
•
November 18, 1887.
and corn, with a sharp advance
prices, are the features of the week in braadstuffs.
The flour market has been more active, and prices have
damage reported.
Veneti\n, steamer (Br.), at Boston for Liverpool.
Fire broke out in the made a partial advance, but the improvement has rested
cot ton cargo of the steamer Venetian on the morning of Nov. 16, and
wholly ufon the better market for wheat. Buyers have paid
caused considerable damage.
higher prices very unwillingly, though purchasing more freely
Cotton-freights the past week have been as follows :
when they could do so at late quotations. To-day the market
Fri.
Thurs.
in cotton
speculation in wheat
Active
in
.
i
Liverpool, steam d.
sail...*/.!
Do
r.j
Havre, steam
sail
Do
1!C4
“(I*
....
....
....
....
....
71«
71C
7i6
:<*.!
....
•>-
saii.j.rJ
Do
Anist’d'm, steam *v
Do via Both </.'
.(!.'•
sail
Barcelona,steal,l d.
Genoa, spaun
..
d.'
d. ‘
Antwerp, steam d. %
Trieste, steam
*
.
.
30
....
....
....
....
....
....
...
30
38
....
....
]4®9a2
-'.j, tV
~;v2
732
3
732
7a2
7S2
t:»2
U
4
4
%
2
(t
38
|
Oct. 28.
export
83,000
Forwarded
11 .<MK>
5.000
55.000
I
j
Totul stock—Estimated
!
O f wIiieh A n icriea n— Est 1 m*dj
Total import of Lae weex
!
Of which American
i
Amount, attoat
Of which American
J
Nov. 4.
j
.
Sales of 1 lie week
bales
Of which exporters took
|
Of which speculators 100k...|
Sales American
i
Actual
|
9,000
Nov.
1
'<£»;> 2
the followthat port,
63,000
6,000
4.000
3
1,000!
52,000
3 0.000
1 1,000
35.000
3 2,000
30,000
4 4,000!
24 ,</(><>(
27,000
20.0001
43S,000!
4
234,000
3 03,000
91,000!
247,000
3 3 3,000
87,000
263,000
2 ! 2.000
Nov. 18.
85,000 s
8,000
7.6(H)
S3,000;
226,000
j
11.!1
13,000
226,000
1
•1
38«5;;2
63,000j
6,000i
78,OOOi
265,0001
2-! 8.0; 0
17,000;
250,000
quiet.
Wheat
has
4 89,000
293,000
129,000
3
07,000
262,000
2 18,000
beeu
The market
buoyant.
Wednesday and Thursday, the
active and
showed much excitement on
dealings mxny times exceeding the usual amunt. Stronger
foreign advices, including disquieting political news
from
the chief elements of strength, but re¬
duced receipts at the West and a general re?ivil of confidence
in speculative circles were elements of strength, and higher
prices kept business on the spot within narrow limits. To¬
day a decline of 1c. a bushel led to some revival of exports,
88,000 bushels being taken, mostly No. 2 red winter, at 87%
the Continent, were
@ 88c.
delivered.
CLOSING PRICES OF
DAILY
34
H
<Z
Liverpool —By cable from Liverpool we have
ing statement of the w eek’s sales, stocks, &c., at
We a<M previous weeks for comparison.
.
7S2
512
S.J2
a
J
732
Per 100 lbs.
•
....
....
....
....
-
.
....
....
....
....
10*
40'
40*
....
....
.
-
d.‘
Kc.val, steam
Do
.
38
40*
10*
....
30
%
....
....
■10*
....
i58
*8
"b
....
....
38
%
....
Hamburg, steam c.'
710
....
....
r.j
Bremen, steam
Do
sail
n64
1]C4
716
71G
was
1]64
J164
....
c.'
Wcdnes.
Tues.
Mon.
Salur.
Sat.
S 1
8 1 !o
November delivery
December delivery
January delivery
February delivery.'
March delivery
8 1'
S5r*s
86 %
88
so
April delivery
May delivery
90's
June delivery.
December *88
Iudian
delivery...
corn
has
90%
91%
NO. 2 RED WINTER
WHEAT.
Th
Mon.
84 %
S i vs
86 %
S7:!8
Tues.
85
Wed.
SO ’8
85*8
80'u
87*1
88*4
%
89**8
90*8
91 >8
9 L78
89 >4
90 %
91 '2
92
90
9(0.4
91 %
9
92 *8
'•_>
9 1
95 %
90%
98
88
advanced about as
87
88%
lb*
<\>>
92
urs.
87 %
87 78
89 is
9358
>8
Fri.
80%
80*4
'88
89%
90 '4
91*8
92%
92<%
95%
much as wheat. The
impu'sa given to the speculation for the rise, which was
caused by the Bureau report, has been continued from sym¬
pathy with the major staple; but, as in that, the
prices have greatly curtailed the export movement.
the market was unsettled with an irregular decline, most de¬
cided fo: the distant options,
higher
Tu-day
684
THE chronicle;
DAILY CLOSING PRICES OF NO. 2 MIXED CORN.
November deli very........
December delivery
January delivery
February delivery
J£*y delivery
Sat.
Man.
54%
543s
5438
543s
55%
553s
553s
55%
55%
56%
Tues.
Wed.
Thurs.
Fri.
56%
57%
57%
58%
55%
55%
56%
56%
57%
55%
56%
55%
56
56
56%
56%
56%
57%
The receipts of flour and gain at the seaboard
week ended November 12. 1887. follow:
Floury
Wheat,
Corn,.
bush.
bush.
137,045
1179,350
70,659
6,300
Montreal
515,950
158,835
11,262
Philadelphia...
24,769*
88,5483,350'
229,463
76,659
At—
New York
Boston
Oats have also advanced, especially' for mixed grades, in
hhls.
which the
Baltimore
Bichmond
cline
Norfolk, Ya....
speculation has been broken. To-day an early de¬
partially recovered, but the close was dull.
was
DAILY CLOSING PRICES OF NO.
BTevember delivery
December delivery
January delivery
May delivery
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
34
34%
34%
36%
34%
34%
36%
36%
35%
35%
3534
37%
34%
34%
34%
34%
35%
^ bbl. $2 25fa$2 50
50fa
2
2
3
2
3
Spring wheat extras.
Minn, clear and stra’t.
Winter shipp’g extras.
Winter XX and XXX.
3
3
4
3
4
5
3
3
80 fa
85®
85 fa
25fa
4 25fa
2 80fa
3 25 fa
Patents
Southern supers
com. extras..
South’n
3 2 5 fa
2 40 fa
3 60
2 60
Western, &c
Brandywine
Buckwheat flour,
2 60 fa
2 90fa
2 95
2 95
2 30fa
2 50
Fine
Corn meal—
Bed winter No. 2...
Bed winter
White
Corn—West’n mixed.
West’n mixed No. 2.
Western white
Western yellow....
White Southern....
Bye—
fa
fa
fa
fa
fa
56%
56
55
56
58
57
60
fa
fa
fa
34
35
;..
$ bush.
62
37
41
36
fa
fa
34% fa
36% fa
Barley—Can’da No. 2.
85
Canada No. 1
Two-rowed State..
94
75
Six-rowed State
Milwaukee No. 2...
S3
82
85
75
58
Malt—State, 4-rowed.
State, 2-rowed
Buckwheat
State & Pa,,
37%
fa
fa
fa
fa
fa
fa
fa
fa
91
97
78
85
85
89
85
60
64
fa
from the figures of the New
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the
compara¬
tive movement for the week ending Nov. 12, 1887, and since
August 1, for each of the last three years:
Wheat.
Flour.
Receipts at—
us
Corn.
Outs.
Burley.
*1885.
Wheat
Corn
Oats
hush.
79,160,132
41.998,805
32,531,265
3.847,609
664,858
Bbls.imhs Bush A) Olbs Bush.51) lb* Bush.‘S2 lbs BushAH lbs Bu. 5*5 Lbs
119,104
63,587
7,279
Chicago
one
Exports
Milwaukee...
Toledo
Cleveland.
8t. Louis
16.220
Peoria
.
Duluth
Same wk.’80.
Same wk.’8r>.
Since Aug. 1.
*
164,300
300,000
47,637.206
3,196,305 47,756.962
2,746,1421 30,329,022
1885*
Include
one
29,868,746
33,226.923
29,377.375
105,894
30,135,282 10,282.678
27,470,174 10.227,815
24.238,346 1
7,489,328
729,782
1,035,552
1.584,645
week extra.
1887.
Flour
WTheat
Corn
Oats
*1886.
13,238,334
9,501,619
bush.
71,495,210
53,732,381
76,013,661
45,834.894
45,345,972
8,901,858
48,459,186
5,661,199
1,437,143
1,949,028
61,205,614
4s,015,637
8,338.190
1,031,763
Barley
Bye
Total grain... 196,136,714
Include
Below
one
are
185,131,018
the rail
Flour
bills.
Wheat
Corn
Oats
busli.
Week.
Bye
Total
The rail and lake
weeks were:
Nov. 12, ’87.
Nov. 5/87.
Oct, 29/87.
Oct. 22/87.
Ftour
bhls
n;[
1886.
60,781,637
74,862,670
48,398,130
4,883,660
5,758,165
194,084,208
and river
1885.
188-1.
Week
Xor. 1 2.
Week
Xov 13.
Xov
33(5,179
14.
Xov. 15.
283,950
125,377
210,934
Week
Un.King.
96,110
year
is as below. We add the
for comparison.
Wheat.
1887.
1886.
Week.
Xov. 13.
Xov. 12.
Bush.
(5,279
1887.
Week,
Xov. 12.
Bush
525,247
163,295
4,777
25,658
Corn.
-
IFt'e/r.
1886.
Week.
Xov. 13.
Kush.
572,858
638,445
Bush.
608,828
69,472
3,614
"1,075
19,719
6,152
410,832'
75,345
40,680
10,947
375
62
2,206-
131,404! 6Q3,3191,212,378
Flour.
688,4411
540,072
Exports to—
Wheat.
Com
Sept. 1,’S7, Sept. 1,’88, Sept. 1,»87. Sept. 1,’80, Sept. 1/87, Sept.1,'HQ
to Nov.
to Xor.
to Xov.
to Nov.
to Nov.
12, 1887.
13. 188(3.
12, 1887.
13, 1886.
12, 1887.
Bbls.
Un. Kingdom
Bbls.
Bush.
Bush.
1,287,034
132,530
6.384,589
4,052,412
243,156
11,082
155,667
104,168
921
Brit. Col’nies
1,805,481
124,807
220,643
101,021
240,71*5
4,505
Oth. countr’s
0,lii8
13,057
21,330
05,711
2.504,025
1,075,620
10,477.830
14.490,074
Continent.
..
Total
Bush.
7.860.679
3,019,423
1,029,098
0,546,822
5,301
3,071
Bush.
10.227
4,449.865
1,805,802
234,775
122,187
4,040
11,751
4,722.103
0,778.420
50.408
70.150
3,002
,
to Nov.
13,1880
The visible
supply of grain, comprising the stocks in granary
principal points of accumulation at lake and seaboard
ports, and in transit by water, November 12, 1887:
Week
In store at—
New York
Do
atioat
Chicago
3,8(59,922
Milwaukee
38,188
893,130 1,350,471
1,585,059
41,068
Duluth
Toledo
Detroit
Oswego
2,395,986
1,640,724
75*2,094
70,000
St. Louis
5,649,595
Cincinnati
Boston
Toronto
Montreal
47,000
22,924
Philadelphia
25,93(5
131,309
100,92(5
Indianapolis
2,519,420
1,973,570
,(54(5,457
1,910,252
hush.
54,630
30,147
460,056
526,831
393,050
67,894
20,003
7,471,084 5 06 -,802 1,975,'858 172,680
0,513,809 3,94 -M07 1,630,099 144,146
630,044 1,672,648
529,595
588,037
hush.
7,507,974t
2,454,801
30(5,987
(52,(540
595,921
bush.
Albany
(543.48(5
Rye,
Oats,
hush.
Buffalo
400.531
2 1.302
Barley,
Corn,
hush.
110,200
7(59,441
ports for last four
Wheat,
263,400
2,000
4 1 1,823
Tot. 4 wks. 1.941,951*7,775,290
4 weeks ’80.1,531,971?0,439,040
68,030
By adding this week’s movement to our previous totals we
following statement of exports this season and last
,059,05.8
-1 hush.
hush.
hush.
480,131 1.753,539 1,822,904 1,290 881
490,754 2,049,233 2,194,883 l,337/173
466,982 1,752,871 2,360,698
1,531.596
498,084 2,219,053 1,092,599 1,502,352
131,404
Bhls.
210,150!
393,442
(59(5,538
Oats,
133,062:
15,890
1,168
199,952
433,392
Whe.at.'WCorn,
4,644
540,072
22.148
300
504,403
same
210,150
62,693
274.893
shipments from
688,441
139,623
3,614
28,525
15,982
(>51,487
1
750
at the
85,010,452
186,914,759
4,103
18SG.
Week.
Xov. 13.
Xov. 12.
371,1 16
i
Barley
ending—
10,366,877
shipments from Western lake
1887.
1S87.
to—
*1884.
week extra.
ports for feur years:
Week¬
*1885.
9,739,880
bids.
35,304
32,306
Flour.
Exports
for week
West Indies.
comparative shipments of flour and gain from the same
ports from Jan. 1 to Nov. 12, inclusive, in four years, show
as follows:
76,647
3/35*6
S. AC. Am...
The
*
100,80(5
35,452
corresponding period of last
3,764,066
2,664,245
919,987
130,004
-----
The destination of the exports
275,612
926,505
3,058‘
7,143
Tot. w’k.
693,319
8’rne time
1886.
1,212,378
season :
674,060
3,894
41,493
.
1,937,600
59,558
54,886
Bush.
16,000
Baltim’re
N. Orl’ns.
N. News.
Ricbm’d
4.992.192
978,086
Bush.
21,48*9
235.777
1,692,858
706,612
848,517
Bosh.
29,2*69
have the
1,359,195
1,313,433
Bhls.
220,679
.
1,292,814
3.786,278
1886*
*
211,895
Bush.
..
2,225
17,282
246,841
1887
149.985
194,630
38,000
Minneapolis.
Tot.wk. ’87.
13.066
29,742
37,145
Peas.
Norfolk
Montreal.
Philadel
Total...
7,000
Rye.
97,068
.-
81
231.708
8,315
Oat 8.
475,553
74,675
4,415
4,400
71,500
Flour.
261,250
59,132
133,314
25,2( 0
2,400
49,351
46,047
207,077
80,413
5.149
..
486.558
Corn.
New York
Boston.
101,262
37,449
437,153
328,604
4,931
Detroit
1,034,261
42,657,735 64,149,190
75,539,732 40,697,462
39,024,628 29,793,050>
4,589,757
4,705,979
4,400,435
550,248
995,377
5,002,490-
week extras
Wheat.
from—
Cont’nt..
S.&C.Am.
W. Indies
Brit, col’s
Oth.c’n’ts
934,046
64,542,0-11
71,892,785
34,326,985
The exports from the several seaboard ports for the week
ending Nov. 12, 1887, are shown in the annexed statement:
33,259
14,398
3,005
52H.4P0
*1884.
12,110,628
158,203,669 175,901,816 162,923,451 144,042,627
Include
Bhls.
Rye.
3,565
10.762*
694,872 358,490
11,871,994
..
below, prepared by
904,931 1,077,360 291,221
1,241,947
*1886.
The movement of breadstuffs to market is indicated in the
statements
1625
•••••*■
11,752,708
Bush.
White
No. 2 mixed
No. 2 white
55%fa
600-
2,057
15,000
1887.
Barley
Bye
per
100 lbs
92
87
88
91
93
57
fa
bush.
746'.
1,815
13,104,951
Total grain
Bye flour, superfine..
Oats—Mixed
80
86
87
78
80
53
1,642
80,000
bids.
GRAIN.
Spring, per bush...
Spring No. 2
513
Flour
*
Wheat—
Rye,.
bush.
830,100 211,050
63,530
6,334 11,170
88,641 69,001
64,520
7,420
The total receipts at the same ports for the
period from Jan.
1 to November 12, compare as follows for four years:
35
35%
36%
Southern bakers’ and
10
20
50
20
30
00
10
50
Barley,
buish.
46,771
101,220
35,000
Total week. 351.245 1,467,702
Cor. week ’86.. 324,884 2,048,516
FLOUR.
Superfine
3,64'212,000
New Orleans...
Barley has been quiet, but pretty well held. Barlfy malt met
with a good demand at full prices.
Rye and buckwheat a? e
about steady.
The following are the closing quotations :
Fine
1*28,132
12,798
Oats,
ports for the>
2 OATS.
33%
34
34%
36%
[Yol. xlv
47.000
189,270
705,611
65,370
240,690
Peoria
Kansas City
Baltimore
67,501
41,696
136,179
41,425
73,000
614,470 1,174,182
78,000
26(5,000
215,840 411,286
8,000
6/2*3*
116,091
132,865
80,261
59,374
515,915
212,390
142,681
(5(5,3(50
35,(586
240,868
bush.
4,947
25,000
95,426
20,589
19,466
19,606
900
11,090
13,000
4,249
7,196
49,618
3,800
82,050
89,000
39,750
672,477
197,628
149,579
19,799
9,137
786,200
88,444
93,000
6,135
241,000
17,939'
17*460
60*0*53
164,(500
1,324,838
20,700
130,000
74.918
1,904,000
1,585,300
176,800
571,000
6,933,369
7,385,553
13/86. 58,332,548 13,096,713
14, ’851 47,067,012 4,110,670
15, ’841 36.576,(535 4,325,118
6,550,006
......
St. Paul
On Mississippi
On lakes
On canal & river.
t
51,600
Barley,
415,170
1,465,189
4,893,843
130,000
39,900
815,3(52
Minneai>olis
Tot. Nov.
Tot. Nov.
Tot. Nov.
Tot. Nov.
Tot. Nov.
22,000
Rye,
hush.
12/87. 37,238,887
5/87. 35,144,574
(>,473,934
5,(549,600
3,533.487
3,477,714
Minneapolis and St.’,Paul not included.
929
3,215,569
2,663,871
*2,-597,4 IS
2,581,314
780,068 2,480,710275,81(5
336,823
459,731
(}05.(598
THE
19, 1887.]
Novkmber
demand for next season, but
GOODS TRADE.
DRY
THE
Friday, November 18,1887.
New York,
f or drv goods has nos undergone any material
the put week. The demand at first bands was irregu¬
The market
change
lar, but a
large business in staple cotton f oods was
done hy
placed—for later
and the manufacturing trade. Opera¬
of the commission houses, and very
tain soring rnd summer fabrics were
aome
jobbers
delivery—by
fair orders for cer¬
seasonable goods required for i ^mediate distribution
were comparatively light, ottu r than a few specialties adapted
for the coming holiday trade having b 'en move or less quiet
The jobbing trade was
in commitsion and importing circles.
moderate as is usually toe case between seasons, but a very
tions in
fair
685
CHRONICLE
worsted fabrics were lightly dealt
by package buyers, and transactions in flannels, blankets,
shawls, skirts, wool hosiery and heavy underwear
were strictly moderate in the aggregate, selections having
been almost wholly of a hand-to-mouth character.
Foreign Dry Goods.—At first hands the demand for
imported goods was strictly moderate, ami *h» jobbing dis¬
tribution was ligv t and unimportant.
Silks, laces, hosiery
and gloves were offered in liberal quantities through fhe auc¬
tion rooms, and most of the sales were attended with satis¬
factory remits, black silks and laces in pirticular having
brought better average prices than have been realized at pub¬
in
carpets,
lic sale for some time past.
package business in domestics, &c., was done by a fe^
jobber-*, and fan y ho?ulay goods were dis¬
Importations of Dry floods.
the leading
of
The importations of dry goods at this port for the week
tributed in considerable quantities. Large lines of silfes, ending Nov. 17, 1887, and since Jan. 1. and t!v* same facts for
laces, &c., were deposed of through the medium of the the
corresponding periods of hist year are as follo ws :
auction rooms, and better prices were obtained in this con¬
nection than for some time past.
Domestic Cotton Goods.—The exoorts of cotton goods
from this port for th*» w "k ending November 13 were 5,108
packages, vabiefi at $324,534. Tlies'* shipments include 1.300
to China,
1.091 to Go at Britain, 970 to Africa, 881 to South
America, 343 to th< Wts» ludie-, 170 to Central America,
175 to Mexico, and 172 to all other countries.
Since the 1st
100,003 packages, valued
ag,av>rale
of January the exports
Of this dr.al China has had 78,058 naekages
valued at $3,732,731; end 35,935 pekages, valued at $2,579,868,
have gone to South America,
ib-r ‘ he similar period of 1880
the exports to all ports rea med 180.512 p ckages and in 1885
were 158,531 packages. There was a s.eady business in brown
and blenched ccttors. and nearly all leading corporal ion makes
were slightly advarccd by mill agents.
Colored cottons were
relatively less active than plain goods, - ut prices are very
firm, and some kinds have appreciated. Print cloths were in
moderat0 demand and de v r, extra 64x04s having advanced
to 3^3'*. and 56x00s to 2 15 10c.
Stocks kwi Saturday and for
the three previous years wcm
follow*4:
1881.
1 8.80.
1885.
lb
at
$10,097,893
•87.
Knr, I ‘J.
I'td .01)0
*_!<) .(>00
A i ,ooo
< io ,(H >0
A or. Id.
■
Stock of Fna? Coo'■
Hold bv Providence linnuifi
Fit 11 lliver matinY.ict utvr.-i.
Providence sjie-cnlulors ...
•s..
..
...
Outside speculators (est)..
...
,000
i>
Total stock (pieces)
Printed calicoes, other than Jin
-
.
Non
Xov. 1 L
15.
‘234,000
•1110,000
11 i.ooo
21(5,000
250,000
75,000
III 1,000
:u 1,000
-PJ.OOO
gt),O00
* sale,
150,000
775,000 1,232,000
git!,000
—
.
.
IP.ouo
its, Bi-ini1 gs,
,
indigo-
blues, and cht ice stales of iani'i .a adapted to the holiday
tra b1, rule d qui-t, but there was a good business in dress
ginghams, seen-u keiv, an i utii t v oven v; ash fabrics, while
white goods were m steady requ a for next season.
Domestic Woolen Goods.—The market for men’s-wear
woolens was devoid of am ua i ni as n g r-is new business, but
there
was a
good steady movene-mi in light- weight
cas-dmer^s,
cheviots, worsteds, etc., on account ot former transactions,
and a light i>-order demand for heavy clothing woolens,
overcoatings, etc., was n por ed by t »e commission houses,
rule redundant —be¬
dly de-ira.»le makes are
JVr-vv ci'.dhi. h: d swe-higets were in fair ic-
Stocks of clothing
cause
woolens
of curtai.e 1 pro.luc io
steadily held.
quest by ma
uf c.tircr
a e log us a
—
; n i u,
,
nt re
m^d
r,
,
t
'
Ba iilv
!>
-a e
if
i
.* ^
BUFFALO, N
alo,
Y
V.u. C. Cokwvli.l, Cashr.
cupUai—! '“'ll>
.-klc.oo
This Rank has. superior Pp Cities for in Aim- d 1
lections in arul out ot' the riiy<m (iv n on iiber-d
terms, and wi! h c .p fill a:tonie/ti to the b-.-t imoi>
8. S. Jewett,
eats of it ss
Pres.
corre.-p••ndoms.
i's:
CoKR'.sj'oM'i.
*rter.-’ ,t Tr;,i1-rc I2atior-J Rank and < 'hviie-:! N.t; i<mal Rank. N ov V« rk:
Merchants' Loan A h i list ('<>., Ciiic.t,,<'i •, ,xon,
• :•_
of London, London.
,*. A. \\ illy,
W. T. Blackwell, Pres'i.
i he L
■
31 l i K. OI
y a cm
3Javnx gytov’tgctgcs.
t,
•.11 r^-'
*2 i
or
business was done
mi! doeskins ruled quiet
go h wire m improve.!
in satinets, v him lv- r.tu -ky j on
but steady in price, ‘ VvY->im oly^.
Cashier.
Jl> UxT 41 ilT^
EQUITABLE
Viortgage Gompany.
$2,000,000
Fnpitai Subscribed
Paid in (Cunh)
1,000,000
O 17 U 13 K T IJ n E s,
and based
osmlusivciy upon Western Farm Mortmains, he'd in
a•,t »*y the American Loan & Trust Company, of
S>i\v York, for t ho benefitol the bondholders. Their
FIRS I'-CL A'S IV ’’l L'T! ES.
OFFICES i
Rank
THltOUlOl
THE
U ELIA BILE
Western farm
SOUND
AM/
mortgage <jo.,
LAWRENCE, KAN.
J.S. Alexander, Pres.
A. A. ai.lxandkh,
Texas National
SAN
CashT*
Bank,
ANTONIO, TEXAS,
COLLECTIONS
AND
INVESTMENTS
F. M. Perkins, Pres’t.
L, II. Pkrkivp, Sec.
Paid Up Capital,
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The choicest hirst MortRaye Farm Loans, also tin
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1,olio investors, bend tor elreulars, tones ant,
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Branch offices in N. Y. City and
Vibaay. New York Office K>7 Broadway.
rJKiven years’ experience,
C. DINE ,v SON. Agen's.
Correspondence invited.
M Kit CUV NTs’ NATi'JNAlj
KICIt‘IlirNft,
Collections made on all
terms; prompt returns.
HANK,
Southern points on best
,J(H1N P. BR \N "IT; President.
JOHN F. GLENN, Cash.
Fred. R r*ro7T. Vice-Pres.
Important Tslotice.
TO HOLDERS OF KANSAS SEAL ESTATE
MORTGAGES:
fend to HODGES & KNOX, TOPEKA, KANSAS,
Free Pamphlet containinK the compiled Laws o
Kansas rela.ine to Real Estate Mortgages.
or
ors.
i,
on improved
property in Hiicst a«rl•tiitural districts in Alabama,
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!•' ist
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f^cSaaiii, A Bu.
•
h.a
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•
moi teaae
a.
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oiies.
Individual- *>r Trustees deto make
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<l
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of
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V.-P. Allen. .Man’pe
Coe. President, and
Roter by p‘vrini-s,<>: io tie ..
Dumont < ’larke, Viee- PreTt Amo.riran Exchatwe Natiorail Rank, N’*w Yor k: l.f>paa C.-Murray, i’resident
L'nited states N'ati'u, al Rank, New York.
R. ?>L NELSDN,
President.
■
tirinv
.
:
WU SOLICIT TIIE
’oover
MADE.
Effih* jier cent net to invest¬
No loss.;-.
Interest col'!. ct -<l /nr uf chnrje t<> IcwO r.
€0. <nS'
LO:n
Legislative author¬
20S Broadway I Phila., cor. 4th&Chestnut.
Boston, 2U Court St.
I Kansas City, r<tu& Dei.Sts.
capital of
rTir<i_»»ren'n1ent
safety, time to run and rate ot inierof.t mal e them
most desirable investment now offered. Also,
uLAKANTLED FARM M0iiT(xAG17h.
Cotupnny, of Em
hfirrSiiH '’'7-l.LtLD, offers tirst Mort«a«re
Also « percent 10h wnfi ijra-.viv'scvi-n percent
•/.»ar Dab tut arc :i *••*»->.
>.1 bv t05 percent of first
A -/rtcafp* li\u)i *, ;hi
iru.-.t
hy
tie* * - ercantile
in
Trim! f’o., N.
.
Five pm- ecn' e»*rtideates of
-leonsit for periods under one ymar. Write for full
information and r<Terences to tun company at 150
V.
nu.bk.im Sr. N
A. L. DU3SSHV.
file
INVEST
New York Correspondents—The Nuti n il Dark
a
il Seventh Ward National. Riii.]:,
The Amerlcnii investment
i^etsburc, J“W a, wo it a n:-’id-up
Rearing 6 per cent, running ten years
New York,
Pay Special Attention to Golleclious.
Vela vtg• igcs.
AGENCY
OF
sj A TTOW A is
At a
Cliarge of $5
RAMKS
per
Annum.
GitEION k CUNNINGHAM,
I£eal llstate ISrokern,
1405 V
Reference:
Lb H.t Ot.uaha,
STREET, WASHINGTON, D.
lion. A. U. WYAI.VN’,
Nob.
C.
Ex-Treasurer
THE CHRONICLE
686
NEW
73 Broadway, eor.
Company
YORK,
Accepts the transfer agency and registry of stocks,
4ad acts as Trustee of mortgages of corporations.
Allows interest on deposits, which may be made at
any time, and withdrawn on five days’ notice, with
Interest for the whole time they remain with the
company.
For the convenience of depositors this company
also opens current accounts subject, In accordance
with its rules, to check at sivht, and allows interest
apon the resulting daily balances. Such checks pass
through the Clearing House.
TRUSTEES:
James M. McLean,
Wm. Whitewrlght,
Ambrose C. Kingsland,
Henry A. Kent,
James H. Ogilvie,
R. T. Wilson,
S. T. Fairchild.
Wm. F. Russell,
I. II. Frothingham,
C. D. Wood,
George A. Jarvis,
James N. Platt,
D. C. Hays,
C. Vanderbilt,
A. A. Low,
James Forsyth,
Charles H. Leland,
G. G. Williams,
Edward King,
R. G. Remsen,
E. B. Wesley,
J. B. Johnston,
Edward Schell,
D. H. McAlpin,
Amasa J. Parker
George B. Carhart,
Samuel F. Barger,
Chauncey M. Depew,
Robert Lenox Kennedy, Geo. C. Magoun.
EXECUTIVE COMMITTEE:
females unaccustomed to
JOHN A. STEWART, President,
GEORGE BLISS, Vice-President,
JAM ES S. CLARK, Second Vice-Pres’t
Co,
tiie
executing surety for the faithful performance
of any trust or office.
Acts as Agent or Attorney for the sale or manage¬
ment of real estate, and insures titles to real
estate and mortgages.
-
OFFICERS:
President-FItANK K. HIPPLE.
Secretary-WILLIAM R. PlllLLER.
Treasurer— W ILIA AM F. NORTH.
Real Estate Oflicer-THOMAS B. PROSSER.
DIRECTORS:
George Philler,
Edward T. Steel,
Henry C. Gibson,
Charles W. Henry,
Lemuel Coffin,
John F. Betz,
Beauveau Bone,
Thomas Dolan,
William M. Slngerly.
R. Dale Benson.
John Wanamaker,
Solicit or—GEORGE J UNKIN.
Frank IC, Hippie,
The
Wallace c. Andrews,
Ira Davenport,
William 1). Snow,
John I). Kimmky,
Frederic A. Potts,
John Ross,
Alexander g.Black
Frank c. Hollins,
Thomas L. Watson,
Elias c. Benedict,
William P. Anderson.
Brooklyn Trust Co.,
Cor. of Montague and Clinton St
CAPITAL (FULLY PAUL
s..
Brooklyn, N.Y.
-
Religious and charitable institutions, and persons
unaccustomed to the transaction of business, will
And this Company a safe and convenient depository
for money,
f1,000,000
Paid-up Capital
5O0.000
Actu as Executor, Adznir.istr:.:cr. Assignee, ete.
separate from those of the Com¬
Alex.
|E. F. Knowlton,
John T. Martin,
! Fred. Cromwell,
John P. Rolfe,
McCue,
ll’y K. Sheldon,
C. 1). Wood,
Wm. H. Male,
Ripley Ropes,
Abram B. Baylii.,
Mieh’l Chauncey. E. W.Corlies.
W*r*. B. Kendall. H. E. Pierrepont, J.L W, Maxwall.
James
Ross
Cukhan, Secretary
Frederick L\ Colton,
A*st.
Sec’y.
pany.
Burglar-Proof Safes to rent at $5 to $50 per annum.
Wills kepi in vaults without charge.
Bonds, Stocks and other valuables taken under
guarantee.
Repository for Western Mortgage loans, bearing M
and i per cent interest. Principal and interest guar¬
anteed.
STOCKS and
J.Simpson Africa] A
me i, {Joseph Wright,
C.P.Turner, M.D. Wm. S. Price,
John T. Monroe,
W.J. Nead,
iThos. R. Patton, j.I. (J. Reading,
Wm. H. Lucas,
D.ll.Agnew,M.DiJos. !, Keefe,
wob’t Patterson, Then. C. Engel, j Jacob Navler,
Thos. G. Hood,
Edw’d L.Perkins,] William Watson.
The
BONDS
STOCKS
AND
BONDS,
ON
WEDNESDAYS
ADRIAN
MULLER & SO.\,
II.
No. 1 PINE
SATURDAYS.
AND
STREET. NEW YORK.
Riddle. Glen Riddle, Fa.: Dr. George W.
Reily.HAKiusm'KG.Pa.; i lenrv S. Eckei t, Reading;
Edmund 8. Doty, Mifflintown ; W. W. II. Davis,
Doyi.kstown : R. K. Monaghan, West Chester.
8amuol
COLORADO
Mills Building, 35 Wall St., New York.
PAID-UP CAPITAL, - - $1,000,000
Designated as a legal depository by order of
Supreme Court.
Receive deposits of money oh
fnterest, act as fiscal or transfer agent, or trustee
tor corporations, and-accept and execute any legal
rusts from persons or corporations, on as favorable
erms us
.
other similar companies.
THOMAS HILL1IOL8E, President.
FREDERIC D. TAPPEN, Vlce-Presidpn*
,
■»
CHARLES M. JESUP
on
grace allowed in
Tontine
GOOD AGENTS, desiring to represent the Com
pany, .re
invited to address J. S. GAFFNEY, Super
r\f
Arran^'aa
at
Hfimfl OWno
THE
EQUITABLE LIFE
SOCIETY’.
ASSURANCE
In Surplus (namely the excess
of accumulated funds over liabili¬
ties), in Premium Income, in the
amount of Assurance in Force, the
Equitable Life Assurance Society ex¬
ceeds every other life assurance com¬
pany, and may be regarded as the
largest and strongest organization ol
its kind in the world..
$75,510,472.76
$59,154,597.00
ct. basis... $10,355,875.76
Assets, January 1, 1887
Liabilities on 4 perct. basis..
Surplus
4
on
per
Now Assurance in 1S86.... $111,540,203.00
Dutstandinir Assurance.... $411,779,098.00
T H JE
Provident Life 8cTrust Co
OF
Consolidated
CENTRAL
Mining
Co.,
4S EXCHANGE PEACE.
Paul Liciitknstun.
President,
u. R. Baltzer,
Vice-President,
W. E. MANTIUS,
Secretary.
R. V. MAUT1N8EN,
T***»a«urer.
G. W. HALL,
8up*t,]
PHILADELPHIA.
Incorporated Third Mo., 22d, 1865. (CHARTER PERPETUAL.)
A FIT A L
$1,000,000
ASSETS, $19,172,§60 02.
INSURES LIVES, GRANTS ANNUITIES, RE¬
CEIVES MONEY ON DEPOSIT, returnable on de¬
mand, oron which Interest is allowed, and is empow¬
ered bylaw to act as EXECUTOR, ADMINISTRA¬
TOR. TRUSTEE, GUARDIAN, ASSIGNEE, COMMITT EE, RECEIVER, AGENT, etc., for the fuitbiul performance of which its capital ami surplus
fund furnish ample security.
All trust funds and Investments are kept separate
*nd upart from the assets of the company.
The income of parties residing ubroad carefully
collected and duly remitted.
SAM’L R. SHIPLEY, President.
T. WISTAR BROWN, Vice-President,
ASA S. WING. Vice-President, and Actuary
The Mutual Benefit
Undersigned hold REGULAR AUCTION
BALES, of all classes of
...
Metropolitan Trust Co.,
the payment of
Policies, and ton days’ grace
on all others, tne insurance remaining in full force
during the grace.
Absolute security, eomblned with the largest liberality, assures the popularity and success of this com¬
At Auction,
*
Money received on deposit at interest.
J. SIMPSON AFRICA,Pros; .LG. READING, V.-P.,
MAHLON S. STOP FS. Treasurer A Secretary.
WM. II. PRICE, Trust Officer.
DIRECTORS.
One month’s
Premiums
RIPLEY ROPES, President.
Josiah 0. Low,
Alex. M. White,
A. A. Low,
Authorized Capital
the law.
All trust <usetskept
tine.
EDMUND W.CORLIES, Vice-Pres’t.
TRUSTEES.
of every description known to
soon
This Company issues all forms of Insurance, in.
eluding Tontino and Limited
on-Forfeiting) Ton¬
$1,000,000
ihii> company
ai.Lno.i^eJ oy special charier to
as receiver, trustee, guardian, executor or admin¬
istrator.
It can act as agent in the sale or management of
real estate, collect interest or dividends, receive re¬
gistry and transfer books, or niako purchase and sale
of Government and other securities.
STREET,
trusts
as
satisfactory proofs have been received.
act.
PHSLADKLP1IIA.
and executes
Co.
of every description, acting as
executor, administrator, assignee, etc., and
ADMINISTRATOR,
CHESTNUT
All Death Claims paid without discount
as
$500,000
balances.
The Union Trust Co.,
Milt
Estate Trust
vaults.
DIRECTORS:
AND
Standen, Actuary.
All the prdilts belong to the Policy-holder* exclu¬
sively.
All Policies issued by this Company are indispcT
pany.
Receives Trusts
ROWLAND N. HAZARD, President.
GEORGE S. HART, Vice-President.
WILLIAM D. SNOW. Secretary.
JAM ES S. 'I'li CRSTON, Treasurer.
Mil
A. Wheelwright, Au’t Sec.
Wm. T.
able after three years.
TRUSTEES:
Charles E. Bill, John A. Stewart, George Bliss,
Wilson G. Hunt,!S.M.Bucki’ghaui, William Libbey,
Thos. Slocomb,
H. E. Lawrence, John C. Brown,
Clinton Gilbert, iIsaac N. Phelps, Edward Cooper,
Daniel D. Lord,
Erastus Corning, W.Bay’rdCutting
Samuel Sloan,
S. B. Chittenden, Chas. S. Smith,
James Low,
John II.Rhoades, Wm. Rockefeller,
Wm. W. Phelps, ! Anson P. Stokes, Alex. E. Orr,
I). Willis James,!Robi. B.Mtnturn, Wm.II.Macy, Jr.
John J. A'stor,
Geo. II. Warren.
HENRY L. TIIORNELL, Secretary.
LOUIS G. HAMPTON, Assistant. Secretary
.
YORK.
IN 1850.)
BURFORD, President,
C. P. Fralisigh, Seo.
keeping securities and other valuables, and
rents sate
deposit boxes in burglar-proof
GUARDIAN, TRUSTEE, Etc.
ALSO, AS REGISTRAR A ND TRANSFER AGENT.
rr An Authorized Depository for Court and
County Treasurers’ Fund.
George S. II art,
Wm. B. Dinsmoke,
Elias Lewis, Jr„
Jules aldige.
Stevenson Burke,
of
business, as well as religious and benevolent institu¬
tions, will tind this company a convenient deposit¬
ory for money.
All Checks pass through the Clearing-house.
MAKES IN VESTMENTS ()F MONEY.
George II. Potts,
John L. Macaulay,
James M. Vaknijm,
John I. Be air,
Edward F. Browning,
Rowland n. Hazard,
the transaction
Receives deposits of money payable by check and
allows interest thereon; also receives for safe¬
FINANCIAL BUSINESS,
Deposit subject to check, and
ACTS AS EXECUTOR,
trustees of estates,
CAPITAL,,
AND
on
or
NEW
261, 262 & 263 Broadway, New York
G. H.
Executors,administrators,
OF
(ORGANIZED
company.
and
CITY
OF PHILADELPHIA,
No. 1340 Chestnut Street.
THIS COMPANY TRANSACTS A G ENERAL
on
THE
IN
int-3*"
113 BROADWAY, NEW YORK.
Capital, Fully Paid
Si,000,000
allows Interest
This company is a legal depository lor moneys
paid into court, and is authorized to act as guardian
or trustee.
INTEREST ALLOWED ON DEPOSITS,
which may be. made at any time and withdrawn
afterlive days’ notice, and will be entitled to inter¬
est lor the whole time they may remain with the
Real
Wm. Whitewright,
G. G. Williams,
James McLean,
E. B. Wesley,
Geo. C. Magoun,
C. I). Wood,
D. C. Hays,
A. C. Kingsland.
EDWARD KING, President,
JAMES M. MCLEAN, First Vlce-Prea’t.
JAMES ILOGTLV1E, Second Vice-PresT.
A. O* RONALDSON, Secretary.
A. W. KELLEY, Assistant Secretary.
TRUST
deceives Money
-
-
------ *1,000,000
-----$2,500,000
Authorized to act as Executor, Administrator
Guardian, Receiver, or Trustee, and Is
A LEGAL DEPOSITORY FOR MONEY.
capital,SURPLUS, -
LOAN,
OF NEW
'
Rector St., N. Y.
American Loan & Trust
United States Trust Co. The United
States Life
YOItK,
No. 49 WALL STKEET.
Insurance Co.
Capital and Surplus,
$9,000,000
LIFE INSURANCE CO., NEWARK, N. J.
AMZ1 DODD,
President
Assets
(Market Values), Jan. 1,1 bs7....£40,s20,2iT 15
-t.s.ni 21
Liabilities (4 per cent Reserve;
Surplus
2>51.*154 bl
Surplus (New York Standard)
5,512, i 20 31
POLICIES
ABSOLUTELY NON-FOUFKITABLE
after
SECOND YEAR.
Incase of lapse the
Policy is continued in force
as
long as its value will pay lor; or, it prelerred, a
Paid-up policyj'er its full value is issued in exchangeAfter the seejmu year Policies are incontestable,
except as against intentional fraud ; and ull restric.
lions as to residence, travel or occupation ore removed.
Cash loans are made to the extei : of DO per cent
of the reserve value, where valid assignments of the
Policies can he made as collateral secur.iiy.
Losses paid immediately upon completion
proval of proofs.
JOSEPH
and ap¬
QILLOTTS]
STEEL PENS
EXPOSITION-1878.
GOLD MEDAL PARIS
*
Secret’..,,
.....
THE MOST PERFECT OF PENS■>»*«■*
-
-r
_
,
,
Jiui
i
■
i
i
i
OF
^nsneance.
^rust ©crap antes.
Qwest ©mtqratihes.
Union Trust
[VOI. XLV,
III
@FedFRASER