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I
.
xmitk
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL.
SATURDAY, NOVEMBER
49.
For Oue Year (Including postage)
$10 20
For Six Moutlis
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Annual Subscription in London (including postage)
do.
do.
*1 88.
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Issued once in two months, and furnished without extra charge to
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A
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is
furnished at 50 cents: postage on the same
for suljscribers at $1 00.
is
18
Volumes bound
Subsciiptions will be continued until deflnltcly ordered stopped. The
publishers cauiiot be responsible for remittances unless made by drafts
or Post Otfice money orders.
Terms of Advertising.
Advertisements ordered for less than one month, in the Commercial,
<fe FrsAJiriAi, Chronicle, are published
at 25 cents per line each insertion. When orders are definitely given for one month or longer, a liberal discount is allowed, and the uet pricea ma.y bo obtained on application at the office. The lowest rates on permanent cards definitely ordered for one year are 8 cents per line each insertion, making $58 for
one inch space one year. Space is measured in agate tyi>e— 11 lines to
speculation at the Stock Exchange. The aggregate for all the
other clearing liouses of the country exhibits a falling off of
nearly thirty-one millions, and almost all of this 's furnished
by the large cities Boston, Philadelphia, Cliicago, &c. Altoether the decline from the week ending October 19 reaches
f75,048,380.
Eliminating from the New York total the exchanges due to share dealings we find thi remainder, or portion due to other business, to be $519,031,483, against $587,285,507 the preceding week. The marketing of the crops ia
on a liberal scale, and the outward movement of cotton continues heavy.
Compared with the similar period of 1888 the week's total
exliibits an excess of 8'3 per cent, the increase at New York
reaching 9-6 per cent, and in the aggregate for all other cities
The New York clearings other than those of
is 5-8 per cent.
speculative origin exceed the like figures for last year by 9*8
per cent. Only nine cities report any falling off, and the percentage is small, except at Duluth, Norfolk and Los Angeles.
Fort Worth is most conspicuous this week in proportion of
increase, with 130 '3 per cent; other heavy gains are at Denver
86-1 per cent, Dallas 68-7, Galveston 56-6 and Minneapolis 43
per cent.
neek Endinn
the Inch.
^
Oct. I9l
p. Ota.
1880.
NEW
748.011.482
683.132.600
+9 6
793,010,607
(l,6^4..^83>
(1.481.901!
(461,100;
(20,48t,054>
(21.072.0001
(+11-0)
(+91-9)
(1,544,7391
(410.600)
(42.409.850)
(5.912.0001
(Cotton
bales.)
(Oram
1
buthelt.)
bOU.)
Petroleum
(74B.000)
(69,178.325)
i».362.000)
95.3S9.S8a
Week Endijig Kovember
1880.
New York
1888.
[Per Vent.
$562,630,696
88,8*7,913
67,562,178
10,082,371
54,151,000
13,654.048
S 6^4,631
Seven cities, 5 days
Other cities, 5 days
S«59,0.10,4l)7
$786,553,708
in-3
llS,316 309
1UO,86'3,019
+14'2
Total all cities, 5
All cities, 1 day
$975,24(j,670
$887,522,41.'.
^10,148,800
192,143,267
PhiladcliiMa
BalUmoro
Chicago
8t. Louis
New Orleans
-f
J
-f-n"4
-0-8
+ 1-3
+8-8
-^20-2
week.
.
lfl,18.\393,4r6
!
full details of clearings for the
$l,07P,9(i.5,682
j
]
1
49-9
+9-2
4 9-8
week covered by the
-8-4
95,384.723
13.386.566
13.401.213
+6-7
lo-l
-Oil
+1-8
100,100,233
IU.741,184
71,8!7,8-.0
14.285.167
6».0r7,742
]3.i;0.100
1Z.S78.11I
75S.0U4
6bs,61B
4-9-4
-tO-i
+13-4
«o».sao
3,128.134
3.a«l,l'33
19.710,1«3
85.811.691
+4-6
103.561.763
-H'l
71,805.870
61.9Bn.800
+151
7.1.093.149
11,112,051)
9,9:is,0jii
+11-8
1-^141.000
6,30S,M71
5.087,632
Dotrrtit
4,0«l,7tili
+«-•
+14-8
-8-8
-8-8
Cleveland
4.8I&.187
4.5H.f,7:-0
3.6t9,:i.Sl
2.219.5tK)
2.1i'8.U0
2.071.010
1.801.48i!
*....
1.411,0;i8
1.45«.i81
sOD.oSa
ToUl Middle Western
103.863,004
14.778,741
Peori-i
Grand Uupids
Sao Francisco
Kansas Cty
1I.024.801
7.0<7..^0S
5.C«8.ll»4
Mtniieapulis
3.712.6-.!5
4/155,031
1,349.565
l,0t5.240
477.204
Duloth
St.
(l.iys
120,131.070
+40
+8 5
+3 8
+1*8
802.151
,4'6
13-5
—4-9
+56
Mllwaitkoo
$627,814,301
78,022,103
64,135.374
10,094,310
?5.174.7a6
14,850,874
10,135,705
+27-li
+B-6
1,137,70^*
l.Oill.799
l.i'21,»0J
Cincinnati
2.
—4-0
+8-7
+0*6
+12-4
+1011
+9-6
+30-1
1.074.»03
TntalMlddle
OLItAHIXGS,
Tieturjxs by Telegraph,
it^V,
105,907.078
6.»87,»00
2.085.K14
i.2e3.i4a
1.4^5.432
i,a;4,78i
i.'J55,n»
1.031.103
+JI-7
2
1.2II1.3H1
.'.
year.
-85
+18
1.851,0M
1.077.244
1.211,^0i
l,0a0.402
The following table, made up by telegraph, etc. (as fully
Lowell
explained on this pa,ge in our issue of October 36 and previous
Total New England...
numbers), indicates that the total bank clearings of all the
Philjidelohia
..
clearing houses of the United States for the week ending to- PittsbarK
day, November 2, liave been §1,185,39.5,476, against $1,158,653,038 last week and $1,079,965,683 the corresponding week last Buflblo*
102.'" 5,751
5,9F 5,700
.+188 9)
(-603)
1,054,812
1. 134.303
H'lrtfnrd
CLEARING HOUSE RETURNS.
+18-9
SalM of—
B.lTT.OiH)
The
Week EiuUng
II
w.iTii« n n.vA (AVIIililAM B. D.VNA & Co., Piibllsliers,
YORK.
10=^ WlJllaiu Street,
mHN rG. FLOYD.
pliivn
JOHN
^
p^^^ OFFICE BOX 958
all cities for
P. Cent.
:
Is. each.
Total
October 26.
18S8.
1889.
London Agents
Edwards &
Smith, 1 Drapci-s' Gardens, E. C, will take subscriptlons and advertisements and supply single copies of the paper at
Messrs.
1,271.
—
Terms of Subscription— Payable In Adrance:
cents.
NO.
1889.
2,
Joseph...,
5,406.901
«,667.7«»
S.9IU.-0U
11.186.686
511,114
+0-5
-S-1
+10-S
91,206,7TS
+1S0
.108,009,873
15.590.311
8.053.105
4.1 82,573
a.»11.615
-5-2
+U-8
+42-0
+31-3
+4-6
19.435,281
+ 861
4,400.075
1,466,850
1,178.500
667.781
652,313
408,460
3,65'\M7
2,394,4W
2,411.913
1.20;l.323
f8l,300
Wichita
601.1.97
506,631
Topektt
313.352
721.197
351,268
687.033
Des Moines
5316,365
•
-44-3
-141,
-30-0
+16-7
-2-S
+28-7
1.98t.»!l3
PortlHDtl*
Seattle*
above statement will be given next Saturday. We cannot, of
Total other Western..
course, furnish them to-day. bank clearings being made up by
St. Louis
the various clearing houses at noon on Saturday, and hence in New Orleans
the above the last twenty-four hours of the week have to be Louisville
Memphis
in all cases estimated, as we go to press Friday night. Below
are our usual detailed figures for the previous week, that is, Dnllast
Fort Worth
........
covering the returns for the period ending with Saturday Norfolk
Birmingham*
noon, October 26, with the comparative totals in 1888.
Total Southern
It will be noticed that contrasted with the previous week
Total all
there is a loss of a. little more than forty-four million dollars
Outside .Now y-.rk
at New York notwithstanding an increase in the volume of
•NoMiicludod
t'ltu
ill
750,525
+l»-0
-8-a
-CrS
(•,«69,871
7.086.181
4,750.383
4.2SS!.2S2
679,115
8.066.066
•
+96-8
+50-0
147-8
•-18-8
-10-6
+88-8
-8«
+W8
....
730.600
601,990
48,ei7,0»l
45,087.999
+7-8
54,266.981
+1-0
20,864,807
11,541.771
6,247.800
2,876,174
17.070.827
10.283.492
4.742.410
2.79«.774
+18-8
+18-8
+£0«
1,905.1*79
l.llCSl^
3.123,756
900.000
],t'U).2»7
SS.534.948
12.411.594
6.983.783
8.664.752
2.328.108
S.377.066
800.000
680,415
1,013.600
619.373
T1I6,«10
8(9.246
,
+8(-l
+9-8
1.4W<.810
1200.788
1.151,788
885.450
810,743
Tacoma*
+890
&40.000
814,840
1,326.554
+6-1
+6«-6
+(!a-7
+180-8
-800
87!!.884
48,881,805
40,878.861
1.'
+ 184
+81-0
+88-4
—lO-O
+17-7
t«^
+66*0
— lO'O
58.731,228
+8«-»
s
+18-4
1
'
+4-8
s.
1
KsU 01.4 t,tl.
THE CHRONK^LE.
560
tVoL.
XLIX.
small amounts were put out. The average was probably
Dot far from 8 per cent, renewals being generally at 7
T}ie moKPy market has coutinued without any very per cent.
The minimum at the banks and trust comessential •hang'.e ; probably it has worked a shade closer panies has been 6 per cent, some
institutions, howwith rates perhaps a trifle higher on the average.
But ever, loaning only at 7 per cent. Time
money on
there has been no laCK of confidence and no difficulty strictly first class collateral is
quoted 7@8 per cent for
in getting money at some priJ® on the part of any class sixty days, and 6 per
cent for four to six months.
THE FINANCIAL SITUATION.
The
of borrowers.
situation in i^^iportant particulars
There is an increasing demand for long dates, and the
continued dear market for loans supply of money, even at the figures stated, is not adealways proves very searching, uncovering weak spots quate to the inquiry borrowers
;
prefer the long time,
wherever they exist and Stock Exchange values based not only because of the higher rate
for the shorter time,
upon 3 per cent money do not hold even on the best of but also because of the fear that money
will not be very
securities when 6 to 8 per cent continues fof weeks. In easy again until after
the expiration of the shorter
this instance, however, if we except the purel>' specula- time.
Some large institutions have been replacing
tive properties or such as were for known reasons n^ider a matured loans, but
there is little fresh money offering.
cloud before, the declines have been marvelously smaJ'- Commercial paper is only
in fair supply for reajly good
There is scarcely a first class bond on the list, or an ^'ames, and the demand is light,
being almost wholly from
assured dividend-paying stock, that is more than two
or out C.^ town ; a very few of our city banks are in the
three points lower than in August last, and many have
market, ^^d these are taking paper at high rates. We
actually advanced to an important extent since then.
quote sixi V to ninety day endorsed bills receivable 5A@
With time money ruling on the street close 7 per cent,
6 per cent, /onr months accepi;aiiees 6|@7 per cent,
T)r higher, on good mixed collateral, and not
a bank hav- and good four tcT six months single names 7@8 per cent.
ing a dollar out below the legal rate, an undoubted 4
There has been a Jittle tendency apparent in the open
per cent security has been all along selling readily, and
market, London, towards hit'^er rates, the quotation as
apparently in any amounts, at par or above. In fact
reported by cable to-day being u'^r discounts of sixty to
:all kinds of investment property have
continued to rule ninety-day bank bills at
This upward
3|-@4 per cent.
high; improved real estate is advancing constantly,
tendency has been no doubt due tC tbe decline for
and there is no lack, but an abundance of capital seeksterling in our foreign exchange market
the possible
a.'^'^
ing employment, at very low rates »f interest, in
very requirements, suggested by this
decline, of go.'d for New
secure ways.
York. There is reported to he also an uneasy feeling
In the meantime our banks obtain little relief
from in London regarding a possible demand for
gold /""om
their straightened condition.
To be sure they have the continent as well as from
Soutlj America. Still, ttue
gained in surplus reserve the past month. Comparing
Bank of England continues to increase its holdings oi.
last Saturday's return, October 26th,
when the surplus bullion, a net gain being recorded
this week of £328,was fl,139,275, with October 5th, when there was
a 000 ; this increase, as reported to us by special
cable, wasi
is
unusual.
A
Ictag
;
deficiency of $1,668,050, the improvement is
$2,797,335.
But the difficulty is that this improvement is only
apparent.
The gain has been due wholly to a reduction
of deposits following a corresponding reduction
in
loans.
The
contraction in loans and discounts between
those
dates was $11,932,700, and in deposits
$11,455,700.
A.8 to the holdings of lawful money there
was substantially no change, the amount reported by
our Clearing
House
against
institutions being on October 5t"h
$101,400,400,
on October 26th a total of $101,333,'80o!
the result of an import from Russia and " bought" of
£420,000, of receipts from the interior of Great Britain
of £73,000, and exports wholly to Brazil and the Cape
Good Hope
We are informed that the
advanced by the Bank of
England to 77s. lid. The Bank of France shows a
decrease in gold of £118,000, and the Bank of Germany
since the last report has gained about £164,000 of the
same metal. The open market rate for money at Paris
is 2f @3 per cent, at Berlin it is
4f per cent, and at
of
of £165,000.
price of bar gold has been
Furthermore, while all the banks last Saturday
showed! Frankfort 4f per cent.
as stated, $1,129,275 surplus, four of the
larger instituOur foreign exchange market has been heavy this
tions held $2,501,600 surplus, making it
evident that week, and the rates for sterling of
the principal drawer
no great freedom in loaning could be practiced
by the are half a cent per pound lower than those
of last
majority of the members of the Clearing
House. But Friday, the reduction having been
made on Tuesday to
our banks, though compelled to carry all
the reserve 4 81^ for long and 4 86 for short.
Other drawers mainthe city holds, have less control over the
loan market tained 4 82^ and 4 86^ for long
and
short respectively,
to-day than at any former period in our
history.
Our until Tuesday, when they made a reduction of half a
trust companies, our insurance companies,
our foreign cent in both.
The market has been influenced by conbank agencies and our foreign bankers all have
funds tinued activity in money, which induces holders of bills
to put out, swelling the loans and
discounts carried in to offer them instead of
attempting to carry them ; and
Kew York to a very important extent beyond the
also by the expectation that there will in a few days be
banks' total, the convertibility of the
whole of which a large supply of drafts made as;ainst cotton
shipments.
rests upon the banks.
Still this situation is not so
very Actual rates for sterling are still about one and
different from the situation in London
of the Bank of a quarter cent above
the gold-importing point, but
England with reference to the joint stock banks,
only although exchange may still further decline, there is
the Bank of England is also the Clearing
House of the little expectation among foreign bankers that gold will be
world.
imported, for the reason that the near approach of sterThe contraction of loans on the part of our
banks ling to the gold point will cause discounts in the open
noted above has no doubt caused an
additional demand market in London to harden.
Moreover, the Bank of
for call money at the Stock Exchange.
Bankers' bal- England is likely, if it becomes necessary, to protect its
ances have this week been quoted at
12 and at 4 per stock of bullion by further advances in
the minimum rate
cent, the latter after the demand
for the day had been of discount.
Probably the rates for exchange will get
satisfied,
while at the former rate comparatively
close to the gold point, and there may be a few indirect
J
November
THE
2, 1889.
661
CHRONICLl':
In view of the early close of lake navigation, an
shipments, but obstacles of some kind will most likely year.
was made this week to advance rates between
moveattempt
considerable
any
preventing
present themselves
Paul
and Chicago, but after some dlscnssion the
St.
York.
New
to
London
from
ment of gold
In the Eas", the Boston ft
postponed.
was
the
matter
regard
to
with
week
last
of
developments
The
other New England roads
Fitchburg
and
the Union Pacific and the Northwest Albany, the
between
have been followed this week by reports that the Chicago & Alton was to be made part of the same combiThe early statements hinted at a purchase of
nation.
Alton, but this has been circumstantially denied both
by the Alton and the Union Pacific officials. Later
alliance
have settled up their differences on passenger fares to
the West, and rates are to be advanced.
Outside of the anthracite coal carriers, railroad earnings, both gross and net, continue very satisfactory as
We give on another page our usual summary of
a rule.
weekly gross earnings, showing for the 3d
latest
close
very
of
a
the
theory
the
favor
accounts seem to
a gain of 12-24 per cent over last
October
Pacificof
Union
week
the
to
similar
alliance,
traffic
Northwest contract. Some such arrangement as that year on the 83 roads comprehended in the statewould be in the direct line of the prevailing ten- ment. As regards the net earnings, in addition
retnma last week
dency to unite roads and systems into large groups, to the very favorable September
Central, the
Illinois
the
Pacific,
Union
the
in
the
for
according to location and interests, and moreover
this
week quite
have
we
&c.,
Danville,
all
&
to
Richmond
advantageous
case would be mutually
present
promoting the welfare of railroad interests as a whole. The Chicago & Northwestern is the only one of the great systems running west
from Chicago which has no line to Kansas City. The
Chicago & Alton would supply such a line. From the
parties concerned, while
a
number
of others
of
Pacific reports a gain
The Northern
and the Canadian
As compared with these
like nature.
of $317,119,
Pacific a gain of $370,086.
heavy
gains,
the
losses
last
year
were
insignifi-
On the Burlington & Qnincy the increase
cant.
Union Pacific standpoint the result is the same. The is much smaller than heretofore, and yet reaches $164,further
arrangement with the Northwest, though furnishing an 130, while the lines controlled contribute a
quarter
of
a milnearly
a
making
through
of
$71,515,
amount
outlet to Chicago and Lake Superior points
Ohio
sysChesapeake
&
For
the
Pacific
together.
Union
dollars
of
the
lion
leaves the Kansas lines
Omaha,
estimated at
without the necessary connection with Chicago. The tem the net for September this year is
last year.
September
in
$78,000
only
combinaagainst
make
the
and
$200,000,
omission,
Alton would supply the
this time shows a gain (net
also
Georgia
Alton
of
the
Central
interests
of
The
the
that
way
In
tion complete.
too, after an
would likewise be served, for the Union Pacific, with its being $318,551, against $258,469) and this,
of making
policy
the
expenses,
tributary lines, would give it important feeders, besides increase of $145,620 in
in force;
still
being
betterments
strengthening its position in competing with rival sys- extensive renewals and
now
statement
favorable
exceptionally
tems having lines west of the Missouri. It will be remem- the reason for the
because
of
year
last
severely
suffered
months
road
is that the
bered that in discussing the Alton's policy a few
Nashville
Louisville
&
The
epidemic.
trans-Misfever
the
the yellow
ago we suggested an alliance with some of
this year has a gain of $140,souri systems as a means of protection and defense, and last year lost $52,783, but
& St. Paul reports net
Milwaukee
Chicago
will
also
The
step
925.
Such
a
of the situation.
as a solution
mentioned build- of $1,027,637, against $920,155; the Wisconsin Central
re- $176,346, against $144,114; the Norfolk & Western
ing into
the Cincinnati Southern
spect, alliances of that kind are especially desir- $189,333, against $168,498
New Orleans & Norththe
The Alton officials state that they have had $147,000, against $109,000
able.
the Iowa Central
against
$9,000;
pretty satisfactory traffic arrangements with the Union eastern $27,000,
other roads
various
and
still
against
$28,237;
$67,853,
Pacific for some time, but it is not denied that a
but three
have
we
fact,
In
amounts.
smaller
rememor
larger
It should be
closer union may be intended.
namely
net,
diminished
indicating
under
week
this
interests
returns
bered that for this purpose identity of
and
Jersey,
of
New
Central
the
of
Reading,
identity
the
of
as
those
effective
as
present conditions is quite
been doing
has
Reading
The
road.
folFour
Big
necessarily
new
the
not
does
latter
the
ownership, and that
poorly all along, and its loss of $70,457 in 1889 follows
low from the former.
The Central of New Jersey, on the
It has been stated that the managers of opposing a loss last year.
good statements, and now
systems had taken umbrage at the Union Pacific- other hand, has been having
remove
all
danger
each
of the
other's
roads
territory.
In this latter
;
;
Northwest alliance, that as a result the Inter-State
Railway Association would be disrupted, and the general
condition of railroad affairs again thrown into chaos.
We may be sure, however, that those behind the present
movements intend to strengthen and not to weaken the
railroad situation, and furthermore will permit nothing
reports
The company last year,
month gained nearly $300,000, so
a loss of $179,365.
however, in
that its net of $521,353 for September, 1889, comThe
pares with only $401,469 for September, 1887.
Big Four (Cleveland Cincinnati Chicago & St. Louis)
reports net of $435,121 against $475,363, but the total
added to by the Grand Army
to be done tending to cause disturbance or serious trouble. last year had been greatly
As regards the Inter-State Association, that has been re- union at Columbus.
The course of prices on the Stock Exchange this
reported dead and dying so many times that one may
not only as between
be pardoned for asking for stronger evidence than any week has again been very irregular,
different groups of
between
as
but
that has yet been furnished before crediting the state- the different days,
Canada SouthCentral,
Michigan
Shore,
Lake
ment. Of course the Association may be abandoned. stocks.
Pacific have
Union
and
Nashville
&
it
Louisville
is,
it
ern,
"We have no knowledge on that point. But if
strong even when other stocks
will be because the time is ripe for it, and other and been conspicuously
hand the
in
the line of showed a declining tendency. On the other
(somewhat
better arrangements
have
securities
Trust
those now in progress) for attaining the same end anthracite coal shares and the
Amerilatter,
the
Among
have been provided. The general rate situation re- been weak and depressed.
further sharp break on
mains about the same as heretofore— that is, while not can Cotton Oil has suffered a
and Lead Trust and
rumors,
entirely satisfactory, yet very much better than last all sorts of conflicting
this
.
THE CHRONICLE
662
[Vol.
XLIX
Sugar Trust have both been heavy. The coal shares quite emphatic. He said that railroads were "govern
have been affected by the continued unfavorable re- " mental institutions, public conveyances, and common
ports with regard to the condition of the coal trade "carriers.
The right to build a road through private
and the loss in earnings by the Reading, to which " property was granted on the representation that the
must now be added also a loss for the same month by "road would furnish transportation for the public.
the Central of New Jersey.
Aside from the two " People are dependent upon such roads for transporta-
may be
the market
properties mentioned,
most important influences have been the gossip and
"tion.
Courts have no right to deprive people of this
"transportation on the showing that the road does not
"pay expenses. By obtaining the right of way from
"the people, they were cut off from all other similar
statements with regard to the possible absorption of the
Alton, with speculations as to the effects of the Union
Pacific-Northwest combination on other systems, and
"means of transportation, and the Court has no means
" of knowing what damage to merchants would ensue
"from the granting of the order asked."
classes
of
most
said to have been quite firm
the week, though
of
The
yesterday Missouri Pacific also declined sharply.
While these remarks, standing by themselves, appear
admit of no doubtful interpretation, their import is
position has been to regard the changes going on as materially modified by the facts calling them forth.
likely to improve the situation, and on that idea prices Indeed, to use them in the way quoted, without qualihave been well maintained, with the close yesterday, fication, is to give them a significance which it.was not
however, rather weak under the continued decline in intended they should possess. It is to be remembered,
the Trust stocks.
in the first place, that the Judge did not write any
The following gives the week's movements of money to opinion; his words as quoted were simply oral, and the
and from the interior by the New York banks.
decision was limited to a denial of the order asked for.
Besides that, the case itself was peculiar, and the facts
Received by
Shipped by
yet
telegraphic dispatches predicting the collapse of the
Inter-State Railway Association.
The prevailing dis-
Week ending Xov.
1,
Interior
188t.
N. T. Banks
Carrency..
iV.
r. Banks.
with regard to
Movement.
12,216,000
$2,757,000
Loss.
$541,000
12,316,000
$2,757,000
Loss.
$511,000
Gold
With the Sub-Treasury
A'oii.
1
,
1889.
is
In^
Change in
Banks.
Out of Banks.
$2,216,000
Sub-Treasury operations
11,600.000
$2,767,000
13,000,000
$13,816,000
$15,757,000
Total gold and legal tenders
.
.
I
JTet
:
Bank HoJdinos.
Loss
$611,000
Loss.
1,400,«0<
Loss. $1,911,000
Bullion holdings of European banks.
Oct. 81. 1899.
Nov.
aankt»f
eoUL.
Silver.
£
£
TotaL
Oojd.
S
£
IkiRland....
20.891.977
France
51653,483 50.168.664 101.830.147
Germany
.
Aa8t.>Hung'y
i!8,l27,a34 14,0«3,8d6
42,19 l.OlHi
«,438.000 16,03 iOOO
6,286,000 5.943.000
21.470.000
Netherlands.
Nat. Belgium,
2.499.000
week
115.895,791
Tot.thls
20,391.977
1,249.000
1, 1883.
aUver.
lotOi.
S~
20.589.779
a
40,780.073
10(979
28,866.000 14.33:),0U0
5,950,000 15.530.00.
11,229,000
5,085 OOu
7.483,0iJO
3,7-i8.000
2,461,0(10
1,231.00
a
80,539,779
89.885,051
42,999,1)'"
«1,480,0».
1
2.568 .0011
3,892.0
>
154,8)0 200.850.124 103.481.851 87,881,9711 191.163,S33
Tot.prey.Wk. 113.088.2.^7 87,370,650 200,458.877 103.as8.97B 87.b54.0J3 191,7i3,009
,S7,
OPERATING UNPROFITABLE PIECES
OF ROAD.
Under the
were not altogether correctly stated in
the daily papers at the time.
said that the ruling
had been made on an
application to the court by the receiver of the Wabash
for an order directing the operation of the road known
operations, the result
Banks Interior Moyement, as above
it
the dispatch given in
The dispatch
Tota] gold and legal tenders.
Week ending
to
as the Clarinda
branch suspended. In point of fact,
we are informed that the Wabash receiver was not
concerned at all, and that the Clarinda branch has
not been operated by the Wabash for over three years.
The branch was formerly a part of the Wabash system,
but was surrendered to the bondholders when the
company became embarrassed, and has since been operated by a separate receiver.
It was this receiver, Mr. P. M. Gault, who appeared
in court and asked permission to stop running the road.
The road is a short one, only twenty odd miles in length,
and is paralleled by the Burlington & Quincy all the
way.
The receiver therefore has had a very hard time
of it.
The road could not be made to pay ordinary
operating expenses, and hence was showing a steady
loss.
after
With
a continuation of this state of things month
the receiver finally grew restless and
month,
competition and the treatment to requested that he be allowed to discontinue operations.
by the different com- It was in response to this request that Judge Love made
missions. State and national, and the various Legisla- the remarks quoted above.
It is clearly right that the
tures, the question «f what to do with unprofitable order should
have been refused. The road being in
pieces of road has become a pressing one.
On the one the hands of the court, which represents all interests,
which the
stress of
railroads are subjected
hand the abandoning of such pieces means the doing of public and private, and being so
held for the simple
an unpopular act, and which politicians and professional purpose of preserving the property
and operating the
agitators are sure to use to stimulate further hostility to line temporarily in
behalf of such intere;ts, it would
railroad corporations.
It also means suits at law or have been obviously out of place for the court, in that
actions before Railroad Commissions.
On the other informal manner at least, to sanction its abandonment;
hand, to continue operating such pieces means under so the Judge granted the only relief within
his power to
present conditions running at a continual loss, and this grant, that is, permission to
sell the road in whole or
not alone the dictates of prudence but in many cases in part, which sale is to take
place to-day.
We would
the promptings of necessity urge a management to further add
that the Judge in closing seemed apparavoid, if at all possible.
Under the circumstances, both ently to consider ultimate abandonment as a probable
the law and the equity of the matter are receiving much contingency,
as he stated that if the Railroad Commisattention.
sioners chose to make an investigation into the condiBearing upon the legal aspects of the subject, some tion and circumstances of
the road the court would not
utterances by Judge Love of the Federal Court in Iowa, interfere, but
that it was not the duty of the court to
about a month ago, have excited wide comment and ascertain and determine
such facts. At the same time
been extensively quoted. As the question is an import- the permission to sell the road will
most likely accomant one, it is worth while to inquire a little into the plish what
was desired by the receiver; for if running
details, so as to determine the exact facts
on which the expenses cannot be earned the road will be bought for
ruling was given.
The language of Judge Love was the iron and material, and in that case by a person whose
"
NOVEMBBR
financial
THE CHRONICLH
1889.]
would
standing
not
warrant
its
663
and something
an unprofitable piece of
cost of the work, but also fixed charges
for the stock.
If,
therefore,
thus see that the decision was very different from road must be kept open, the right to advance rates to
what it was represented to have been. No question as the point, if possible, where its operation became profitawould follow.
to the right of a company or management to abandon a ble,
doubt, however, a spirit of fair dealing will preNo
expenses
operating
earn
to
failed
piece of road because it
all
sides, and the equities bo allowed to
on
proceeding.
vail
such
a
in
raised,
be
was raised, or could
each
instance.
A locality which has once
in
control
unprofitinstances
of
other
some
however,
There are,
We
been supplied with railroad facilities should not be
deprived of them if it is feasible to avoid such
Iowa Commissioners. In this case operations have a course. Almost any transportation charge, no matWhere towns
actually been suspended, and the company taking the ter how high, would be preferable.
roads, the
to
render
aid
to
the
themselves
bonded
step has been obliged to appear before the Commissioners
might
still
stronger.
Higher
rates
course
are
of
reasons
of
branch
small
and defend its course. We refer to a
like
the
Emmetsburg
with
road
little
avail
a
of
prove
Emmetsburg,
to
Estherville
the St. Paul, running from
about 23 miles. This was paralleled a number of years branch of the St. Paul, for the rival concern, having a
able pieces of road which have latterly come to view.
There is one just now engaging the attention of the
ago by the main line of the Burlington Cedar Rapids
& Northern, and the branch has been unprofitable
It never received any county or
almost from the start.
town aid, we are informed, and as no public interest
be served by continuing its operation
was to
road supplying all the accommodaparallel
(the
needed), the St. Paul a few months ago
tion
it,
and took up
over
stopped its train service
which
has been in
investigation
In the
the tracks.
were pre.
figures
Commissioners,
the
progress before
sented to show that the line netted a balance above
expenses in only the
first
year of
its
existence, that in
road covering the same points and operating
of its main line, could render cheaper service;
it
as part
it is
pre-
such cases, however, that no demand exists for
the continuance of the unprofitable weaker line, and
hence no hardsliip could result from its abandonment.
cisely in
It is well to note that all the illustrations of unprofit-
able roads given in this article
come from Iowa, and
while in every instance there seems to have been a special
cause for the misfortune in the construction of a parallel road, the unfair manner in which the State has
treated allthe roads raises the presumption that the
result would have been quite different even in the cases
1888 the deficit below expenses was over $17,000 and in mentioned except for this policy, by which rates wer«
railroad oper1887 over 118,000, and that for the whole period of its cut down regardless of consequences and
We
need hardly
generally.
unprofitable
operation the total loss was about $61,000 all without ations made
continuance
gain
by
a
to
nothing
has
State
that
the
property.
say
counting interest on the original cost of the
The Wabash has a branch somewhat similarly situated, of that policy (not a mile of new road has been built
year), and
namely that between Harvey and Albia, and which is there the present year and hardly any last
—
Quincy lines it was reported the Commissioners, if they are wise, will profit by these
had been abandoned, but the statement experiences, and deal more fairly by the roads in future.
paralleled by one of the
that this also
is
;
denied.
These cases show anew the difiiculty under Which
POSITION OF PHILADELPHIA & READING.
State and national
railroad managers frequently labor.
The securities of this company, both stock and
Commissions fix rates for them, so that if a given
week, and there is
piece of road does not pay expenses of operation bonds, have further declined this
in the property.
confidence
of
not
loss
evidently some
(not to speak of interest on the investment) it is
in this latest
wonderful
very
nothing
order
be
charge
in
would
There
possible to increase the transportation
all the coal propersince
itself,
by
also
considered
bodies
The
same
basis.
decline,
profitable
to raise it to a
and the unfavorable
in various ways exercise an influence over the expense ties have been rather weak of late,
naturally leads
account of the roads. If, in addition, a road once in condition of the anthracite coal trade
operation had to be kept forever in operation, no mat- to some selling of the stocks.
But the Reading securities have for a long time
ter how large or constant the loss, the dilemma would
They lagged behind, even
It is bad enough to lose tlie shown special vulnerability.
indeed be a serious one.
a marked upward
when the tenlead
first
to
the
are
they
tendency, and
shares as
such
while
result,
As
a
reversed.
is
dency
Jersey,
the Delaware & Hudson, the Central of New
derecent
their
and the Lackawanna, notwithstanding
when the other coal properties evinced
investment, but to be compelled to pay in
addition each year a certain amount to cover the annually accruing deficiency (supposing such a course possible), that would be confiscation of a kimd worse even
original
»than any the railroads have experienced
»
enforced
operation.
k
I
W
2,
heretofore.
It does not seem possible, however, that a policy of
this kind could be enforced or would be long attempted.
clines, are
still
selling
many
points above the figures
securities,
prevailing early in the year, the Reading
without
almost
mortgages,
In a case like that of the Clarinda & St. Louis (that is stock, incomes and general
reached,
points
lowest
very
the
the name by which the Clarinda branch of the old exception, are down to
those of a
Wabash is known), where the road stands by itself, of the contrast between the existing prices and
and notemarked
being
half
ago
and
a
year
time
year or a
course it could only be in any event a question of
the end would come, and thus the problem worthy.
Owing to the greatly restricted demand for coal, the
In the case of the St. Paul branch, already
solves itself.
not doing so well
mentioned, as far as the question of finances is con- anthracite coal carriers as a rule are
But with the most of
cerned the operation of an unprofitable line would be this year as they did last year.
they are merely
important;
the parent company's resources could them that is not so very
as to
when
possible,
since
1888.
was losing a part of the exceptional gains made in
unique
quite
been
has
position
decided last year by Judge Brewer that the railroads Not so the Reading. Its
At the time when the other roads of its
services, throughout.
~for their
...
fair compensation
must bo allowed a .....
.„...i,...=.......
prosperity, it formed
and that this co mpeasation must cover not only the class were enjoying such marked
contribute sufficient to
make good
the
loss.
But
it
,
'
iHB CHRONICLE.
564
[Vol.
XUX.
about the only exception to the rule. To be sure the statements and deductions simply bewilders him. In
strike of the miners last year in January and February the meantime the prices of his securities keep steadily
constituted a very important drawback, but that that going down, tending still further to increase his uneasioffers only a partial explanation is evident from the ness.
We have no idea that we can throw any great amount
fact that the results were poor even after that event,
net
of
light on the company's position, since the uncertain
diminished
shown
the Railroad Company having
year
elements
calendar
are so many and so important.
the
But at least
of
months
earnings in all but three
diminished
we
can
make
the
task
of
the
investigator
easier
Company
by sumIron
&
Coal
1888, and the
in
marizing
nothing
and
bringing
together
gained
certain
definite
Having
facts
months.
but
two
all
net in
income during the time when the coal trade was active^ bearing upon the inquiry. For this purpose it is well
one would be justified in supposing that the effects now to begin with the figures for last year, since all changes
Accordingly we
of depression on its income must be relatively less marked must be based on that year's results.
than in the case of the other companies. So far from give the following.
this having
been the
case, the
evidence available
all in-
N't income of Railroad Company, 1887-8
Net income of Coal & Iron Comjany, 1887-8
$9,649,338
28,650
much, if
dicates that the company
Total income both companies, 1887-8
$9,677,988
returns
monthly
the
not more, than its rivals. Taking
Fixed chnrpcs —
rentals,
1887-8
Eailroad Company
$2,882,582
for 1889 in the form in which they have been furnished,
interest, 1887-8
4,510,434
834,872— 8,233,888
we find that barring January and February, when com- Coal & Iron Company interest, 1887-8
Balance for year 1887-8
$1,444,100
parison was with the strike period in 1888, both gross and
It appears from this that in the late year there was
net earnings of the Railroad Company have shown losses
in every month except July. Thus the situation is, that a surplus over and above all obligatory charges (includafter having lost heavily last year, there is a further ing those of the Coal & Iron Company) of $1,444,100,
which was about half the amount for the year preceding.
considerable loss the present year.
Whatever the reason for this exceptional state of As there are a little less than 24 millions of first preferthings (and we should think an explanation were ence incomes outstanding, the company on that basis
urgently demanded), the matter would probably excite earned about $250,000 in excess of the 5 per cent interhardly more than superficial criticism, did the manage- est to which these are entitled that is, if the annual
ment furnish full monthly information as before. The payments of four hundred thousand dollars or so on the
average investor, both in this country and in Europe, principal of the car trusts are not treated as a charge
is a patient beast, and he kicks over the traces only against income; otherwise the surplus would not be
He would quite equal to the 5 per cent required.
occasionally and under great provocation.
In making calculations for the current year, it is
probably bear his lot with resignation and Christian
fortitude, if only a means were afforded him for taking usual to take the charges the same as for 1887-8. There
his bearings every now and then, so as to determine the is a chance, however, that this may be too large an
But that is allowance. An analysis of the interest payments for
position and prospects of his investments.
Since
the com- the late year leads to the conclusion that some of the
just what he is not permitted to do.
pany has put forth the monthly returns in the_ amended interest was duplicated on account of the exchange of
form, investors and every one else has been completely securities made. Taking the debt of the Railroad
has suffered just as
—
We
at sea about the matter.
took occasion to criticise
Company
as
it
now
stands,
the
annual
charge
is
came to public notice, $4,0G2,743. In the table above it will be seen it figures
and do not intend to cover the ground again here. The for $4,516,434, which, however, includes $121,017 as a
important point is, that no information whatever is debit balance of general interest account. Should
given about the operations of the Coal & Iron Com- there be a similar debit the present year, the $4,0(52,743
pany, an essential and integral part of the Reading's given would be increased to $4,183,760. But even on
affairs.
That, however, is not all.
The investigator that basis the payment would be $332,000 less than in
the course pursued
when
it first
perhaps imagines that he gets the results
Railroad Company in full, but he has
compare the monthly totals for 1888 now given
those furnished for the identical montlis last
for
only
the
to
is
and barges, and
are
the
believed
omitted,
also the receipts
but
what the items
operations
are
it
is
not
or their
of
canals,
colliers
from investments,
to
discover
extent, either
from an
possible
Should there be no debit of general
inter-
the difference in favor of the current year would
out with be over $450,000. It may be, too, that rentals will not
year to be quite so high, for we see that the $3,882,582 paid in
discover his mistake.
It
the late year.
est,
1887-8 included $156,097 for the Susquehanna Canal
and the Schuylkill Navigation, whereas interest on the
securities of these roads not held by the Reading calls
for only about $71,000 per annum.
Hence it would
seem that there is a possibility that in these various
ways a reduction altogether of from $400,000 to
examination of the monthly statements or a study of
In some months the $500,000 may occur.
1888 totals will be nearly $300,000 less than those
As regards the changes in income, the company's
furnished last year ;
in other months the dif- statement for September has been issued this week, and"
ference will
be
merely nominal.
As a result as the fiscal year begins December 1 it covers the results
of this and the suppression of information with for ton months.
For this period of ten mouths the
regard to the Coal & Iron Company, all sorts of esti- Railroad operations, in the incomplete form in which
mates and conjectures appear in the public prints each they are now given, show a loss in net earnings of $707,-
the figures in the annual report.
—
month, all differing widely from each other some C30. As regards the income from investments and
showing interest earned on the incomes, others not even other sources (not included in these figures), if we take
enough to moot the obligatory charges. And the worst the first statement in the new form (April) and comof it is that because of the lack of information on so pare it with the last in the old form (March), it apmany essential points the investor does not know which pears that the miscellaneous income in the four months
to believe, since as far as ho is informed the one may of the;]fiscal year 1889 must have been $319,556, against
be as correct as the other. The maze of conflictinsr only $198,311 in the corresponding four months of the
—
.
NovKMBKii
2,
THE CHRONICLE
1889.J
665
year 1888, being an increase for that period of ourselves ; spite of our desire for continued peace and
For the only information there is as re- steady, peaceful development ; and spite of the peace
spects the operations of the Coal & Iron Company, we speeches which are made from thrones and echoed in
fiscal
$131,245.
must
statement issued in the old
also refer to the last
Parliaments, we feel that the nations are
ill
at
ease.
form, showing a comparative decrease for the four The Czar of Russia, yielding to the sheer necessities of
months of $474,605. Putting these various facts to- courtesy, visits the German Kaiser ; and at the end of
gether, the situation stands about as follows
three or four weeks from the date of the visit we not
Loss in net Income by Railroad Company for ten montlis.
$707,630 only fail to discover any evidence that the visit has had
Loss in not by Coal & Iron Company (or the .first four
OTo>i(/is— the only part of the year with regard to which
a conciliatory influence on the two representative gOTthere is information
474,605
ernments, but on the contrary find reason for believing
Total known loss
$1,182,235
that jealousy has become more pronounced, and that
PoHiible otfuots — Increase in misoellaueous in.
come /'j« </oi<r months
Reduction in charges (say)
$121,235
330,000
4r)X,235
$731,000
This comprises
Of
all
the
known
or ascertained facts.
would in any event be changed by
the losses or gains for the remaining two months of the
fiscal year, but as the figures of miscellaneous income
and those relating to the Coal & Iron Com2)any cover
course, the result
in each case only a small fraction of the year, the exhibit as given admits of
no definite conclusions. The
gain in miscellaneous income for instance it is possible
that this may be further increased then again it is possible that it may be altogether wiped out. So with regard
to the loss on the Coal & Iron Company
that may be
;
;
—
increased
little
or increased
much.
The whole thing
merely shows how unfortunate is the position of security
holders under the new policy of the company.
When
one reflects that these holders only a short time since
made great sacrifices to help the company out of its difficulties paying heavy assessments, taking income bonds
dependent upon earnings in place of securities having
a fixed claim for interest, besides surrendering (in the case
—
of the stock) voting rights for a series of years
—when
on these facts, the lot of the Beading
investor seems indeed to be one not long to be endured.
one
reflects
THE GAME OF DIPLOMACY IN EUROPE.
The
chess board admits of maneuvering as well as
the battle
is
field.
Our European news from day
to day
singularly suggestive of chess board operations.
The
aim of the leading players is to secure a position now
and success later on. But the general situation is such
that indirect movements are much safer than direct
movements. Maneuvering therefore is in fact a necessity; and it is the characteristic of the moment.
The
stakes are comprehensive.
They include
the
Balkan regions on the one hand and Alsace-Lorraine on
the other. Victory means the ascendancy of Russia in
Southeastern Europe, including the domination of
the Dardanelles and of the vEgean; and if France
should go with Russia in the struggle, as she
seems willing to do, it would mean also the restoration of the provinces above named.
If, on the
other hand, the Western combination, including the
triple alliance and the British Power, should be
successful, victory would mean the ascendancy of
Austro-Hungarian, or, what would be the same thing,
German, influence throughout the Balkan peninsula,
the preservation of Greece, the protection of the Sultan
and the safety of the Mediterranean. Russian victory
rivalry
is
keener than ever.
From
the very nature of
we are more in the dark as
to Russian sentiment
but German sentiment is undisguised, although not by any means demonstrative in
favor of war.
The Kaiser's address from the throne
made heavy demands upon the people for the effectual
maintenance of the army and for improving the
eflSciency of the navy
and the burden of his speech
the Government of Russia
;
;
was that while satisfied that peace was secured for at
least another year, it was absolutely necessary that Germany be prepared and in every way ready for any emergency.
These sentiments have been repeated in the
Reichstag and in the Bundesrath, and they have been
approved of in both.
The Grecian wedding has furnished an opportunity of watching German sentiment.
The marriage
itself is not without a bearing on the situation.
The
future King of Greece is now a brother-in-law of the
German Kaiser. Russian schemes make small allowance for Greece either for Grecian expansion or for
Grecian existence. Emperor William can no longer be
wholly indifferent to Greece. The Emperor's letter to
Bismarck shows that his affections and sympathies were
warmed and stirred up by what he saw in the ancient
classic land.
His visit to the British fleet on Wednesday last and the words which he spoke on the occasion
He sighs for a
were far from being insignificant.
navy, because he longs for that power by sea which he
Nor is the visit to Constantifeels he has on land.
nople to be overlooked. Nothing has made so much
It was not believed to be any part of
stir in Russia.
the original programme connected with the marriage
The meeting
this visit to the city of Constantine.
of the Emperor and the Sultan cannot but have diplomatic results and these will not be against but in
Nothing so thoroughly
favor of the Western Powers.
—
—
;
shows the importance of this visit as the fact which is
already announced, that the Czar has contrived to
obtain an invitation from the Sultan to visit Constantinople in the spring.
Of all the features of the general situation none is of
more commanding interest than that which is presented
by Bulgaria and her young Prince, Ferdinand. He ia
now
out of his principality.
various.
Some
Why? The
answers are
say he left to see a sick sister in
Munich.
Others say he went forth in quest of a wife. Others
again tell us that his departure was a necessity, and
that he will never return to Sofia again, or that should
he do so he will find his princely vocation gone. If
Prince Ferdinand should be shut out of Bulgaria, it
will be because of the strong hand of Russia ; and his
exclusion will be a' fresh insult to Austria-Hungary.
would mean a fresh invasion of Southern and Southwestern Europe by the hordes of the barbaric North.
German victory would mean the conservation of European civilization and the protection of those forces Expulsion is as yet only rumor ; but remembering that
which are quietly working towards freedom, intelli- it is distinctly provided in the Berlin treaty that the
gence, and the well-being of mankind generally.
Bulgarian throne can only be secured by one who has
More than most people imagine, it is a critical period full consent and approval of all the signatory Powers,
In European history, and, because of the superior impor- and knowing, as we do, the sentiments of the Russian
tance of Europe, in the history of the world.
Spite of
Czar, fact very possibly
may
follow rumor.
—
"
THE CHRONICLE.
566
The
[Vol. XLIX.
The totals for the whole of Europe for the three years
exclusion of Priace Ferdinand will give a new
and perhaps lead to some de- are as follows (in bales of 400 lbs.)
;
aspect to the situation
cided action on the part of the Western Powers.
&t.
EUROPEAX AND THE WORLD'S COTTON
GONSUMPTION.
Britain and Continent.
Stock Oct.l
Deliveries during year
Total supply
I
j
1888-89.
1887-88.
1886-87.
219,000
7,856,000
218,000
7,638,000
221,000
7,331,000
8,075,000
7,856,000
7,552,000
Total consumption.
Mr. Ellison's usual Annual Review of the Cotton Trade
7,839,000 7,637,000
7,334,000
has been issued in Liverpool this week, and, as in pre- Stock Oct.
1 (end of year)..
236,000
219,000
218,000
vious years, we have obtained by cable all the results of
In addition to the foregoing, our cable also contains
importance contained therein, and present them below.
the average weekly consumption in bales of 400 lbs., as
The takings by European spinners in actual bales and
follows.
pounds during the season of 1888-89 compare with the
Consumption per Week.
1888-89.
figures for the two preceding years as follows.
1887-88.
1886-87.
I
Troni Oct. 1
to Oct.l.
Qrtal Britain.
Great Britain.
Total.
Continent.
For 1888-89.
7,008,000
Takings by Rplnnen.. .bale«
3,720,000
3,288,000
448 4
439
459
Average weight or balee.lbs
Takings In pounds
1,609,297,000 1,633,321,000 3,142,618,000
Continent
73,500
78,250
Total
150,750
73,865
73,000
71,038
70,000
146,665-.
141,038
All the figures heretofore given cover only the con-
deliveries in Great Britain
sumption of cotton in Great Britain and on the Continent.
But to obtain a comprehensive idea of the amount
of cotton consumed in the world we must go a step farther, and include the United States and India.
We
showed in our Annual Crop Report that the mills in
this country have increased their use of cotton each
year since 1884-85, and in the last season their consumption reached 3,685,000 bales of 400 lbs. average
weight.
The annual report of the Bombay Millowners'
Association furnishes evidence of the marvelous growth
of the cotton manufacturing industry in India. It shows,
first, that on June 30, 1889, the number of mills working
and in course of construction was 134, a gain of 10 during the year, and that spindles had increased 373,347
and looms 3,065. Furthermore, the consumption of
cotton rose to 870,880 bales of 400 lbs., or an excess of
Compared with 1886-87, the aggregate tak
ings have increased 309,850,000 pounds.
The weight
connection we give the following, which shows the
progress made by Indian mills during the past fourteen
For 1887-88.
7,039,000
Takings by apiunerg .bulae
3,524,000
3,515,000
434
432
Average weight of balee .Iba
436
XkktnKB In pounds
1,536,725,000 1,518,519,000 3,055,244,000
. .
For 1886-87.
Takings by spinners. .bales
3,387,OC0
6,773,000
3,386,000
432-8
Av'ge weight of bales... lbs.
430
436
Takings In pounds
1,176,18Z,0C0 1,456,586,000 2,932,703,000
.
The foregoing shows
that the average weight of the
during the season just closed
was 459 pounds per bale, or 33 pounds greater than in
either of the two preceding years, when the average
reached 436 pounds. The Continental deliveries this
year averaged 439 pounds, which is 7 pounds heavier
than in 1887-88, and 9 pounds in excess of 1886-87.
The total indicates that European spinners' takings
this year were 87,374,000 pounds more than last season.
Great Britain recording a loss of 27,438,000 pounds,
and the Continent consequently a gain of 114,803,000 99,310 bales over June 30, 1888.
pounds.
given in the above table are ordinary weights, covering years.
PBOGRESS OF
of course all varieties of cotton ; the average weights
of the leading growths for the season of 1888-89 were
American
;
INDI.iJt
As
of interest in this
MILLS DCRINO THE I'AST FOUBTEBN TBAB8.
Average
Yeare
No.
Number
Number member of
Approximate
amount
of cotton
Egyptian 693 lbs., and East ending June of
hands
Consumed
of
mille. spindles.
30.
looms.
employed
Indian, 398 lbs.; and these compare with American,
daily.
Bales of
Cwts.
392 lbs.
455 lbs., Egyptian 678 lbs., and East Indian 395 lbs., in
1876
47 1,100,112
9,139 )
1887-88.
While the above figures furnish a starting 1877
61 1,244,206 10,385
Not stated
53 1,289,706 10,5 :<3>
point from which to judge of the year's results, the 1878
1879
56 1,452,"94 13,018
42,014
936.547
267.585
56 .1,461,590 13,502
44,410 1.076.708
307,631
actual differences between the years are not as clear 1880
57 1,513.090 13,707
1881
46,430 1,326.461
378,989
1882
65
1,620,.S14
14,172
48,467
1,391,467
397.562
as they might be.
A better method of disclosing that 1883
07 1,790,388 15,373
53,476 1,597,946
456,556
79 2,001, 6ti7 16,262
'531,365
60,387 1,859,777
feature is by reducing the bales to a uniform size, 1884
1885
87 2.145,646 16,537
67.186 2,088,621
596.749
95 2,261,501 17,455
74,38.1
2,251,214
643,204
which has been done in the subjoined table, which 1886
1887....... 103 2,421, -290 18.530
76,942 2,54l,96fi
726,276
83,307 2.7?.5,970
787,420
covers the stocks held by the mills, their takings and 18^8....... 114 2,489.171 19,49«
1889
124 2,762,518 21,561
91,598
3.110,289
888,654
their consumption, in each of the last three years, all
What better evidence can there be of the important
reduced to bales of JfiO jjotmds.
This statement enables
position which India has attained as a manufacturer of
the reader to see at a glance the .changes in each item,
cotton goods.
Bringing together the results for Europe
from season to season, both in Great Britain and on the
and India and adding the figures for the United States
Continent.
we substantially cover the world. Below we give these
Bales of 400 lbs. each.
1888-89.
1887-88.
1886-87.
returns combined for eleven consecutive years, all bales
being reduced to the uniform weight of 400 lbs.
Geeat Beit.vin—
465
lbs.,
J-
I
I
Stock Oct. 1 (beginning of year)
53,000
Deliveries daring year
3,773,000
51,000
3,843,000
Total supply for year
3,885,000
Total consumption for year.| 3,770,000
I
1
(end of year)
|
55.000
j
|
CONTISBHT
8( ock Oct. 1 (beginning of year)
167,000
Deliverie.s during year.
4,083,000
3,893,000
3,745,000
3,841,000 J3,694,000
I
|
Stock Oct.
55,000
3,690,000
52,000
51,000
'
I
Total supply for year
4,250,000
,,«„„,„„>,
Ck>n8umption during year...; 4,069,000
Stock Oct. 1 (end of year)
i
1 81 ,000
,
187,000
3,796,000
3,963,000
3,796,000
167.0013
166,000
3,641,000
!
\
i
3,807,000
3,640,000
167,000
World's
Great
Consumption.
Britain.
United
Oonllnent
Slates.
India.
2,,596,000
,784,000
262,230
2,,750,000
931,000
118,000
,197,000
1878-79.
1879-80.
1880-81.
2,843,000
3,350,000
1881-82.,
1882-83.,
3,640,000l3,,198,000
3,744,0003,,380,000
3,666,000[3,,3SO,000
3,433,00013,,255,000
3,628,000|3,,465,000
1883-84.
1884-85.
1885-86.,
1886-87.,
1887-88.
1888-89..
3,572,00(;'2.,956,000
,375,000
244,030
909,000
278,000
3,694,0003, 640,000 423,000
3,841,00013, 796,0002. 530,000
3,770,0004, 069,000 2. 685,000
Total.
7,485,230
301,480] 8,382,480
371,400; 9,017,400
389,600: 9,424,600
447,400! 9,946,400
520,700] 9,810,700
584,800 9,181,800
630,300 10,001,300
711,800 10,468,800
771,670 10,938,670
870,880 11,394,880
NoTB.— The above does not iuuludc American cotton consutded tb
r—
Canada, la Mexico, and burnt.
'J ijb^i'i'
'
b
)
November
2,
One thing the foregoing statement
clearly sets forth,
and that in the rapid and almost uninterrupted growth
in the world's consumption of cotton, the only check to
from 1883
During
of over 52 per cent.
this
667
San Fran
shipment to
to
profitable condttiona for ita
•ILTEB.
HOKTH9.
1889.
Bullion
Coin.
April
making 11,088,000 bales of 400 lbs. each. And on this
basis an American crop of 7,386,000 bales of ordinary
weight will be needed. His estimate of the amount
August
September ..
.
February..
March
I
May
j
June
I
July
EXPORTS OF GOLD AND
Actual
Consumption,
1889-90.
1888-89.
bales
From America.
bales
From East India
bales
From Egypt
bales
From Smyrna
From Brazil, W. I.,&c.bales
7,386,000
1,640,000
400,000
40,000
380,000
7,098,000
1,536,000
389,000
42,000
837,000
bales
9,796,000
9,402,000
Average weight
453
453
Bales of 400 lbs
11,088,000
10,648,000
allows for an increase in takings by Great
on the Continent of 136,000
03,629'
60,771
22,98e!
95,231
172.974
235.866
243,594
254,787
210,254
260,738
244,383
121,466
180,172
188,194
210,790
126,330
167,109
183,612
218,274
202,456
241,i260
297,687
SILVEIt
FBOM SAN FKANCI8CO.
MONTHS.
1889.
BU'd World's
I
Total, 9 moB. '2,235,3571 468,075 2,703,432 569.140 1,51)8,403 2.167 A43
parison.
Requirement,
Tolat.
$
*
51,808
55,694
55,400
43,997
69,924
28,410
40,482
39,945
13,171, 26,774
41,764 12,3401
54,110
0,075 33,328
42,403
52,636
16,818 35,818
11,000 38,220
49,220
10,741 48,117
6?,868
5,274 61.563
69,837
2, 115,412 180,499 2,295,941
12.072
Mr. Ellison estimates
cent and India 232 per cent.
that the world will require in 1889-90 from all sources
9,796,000 bales of the average weight of 453 poundi,
required from each source of supply is as follows, the
actual consumption in 1888-89 being inserted for com-
Bullion.
Oolv.
Total.
same period the gains
Jannary
Britain of 207,000 bales,
more
that port.
IMP0BT8 OF GOLD AITD SILVEB AT SAN rBAMCISCO.
in the various countries have been, in Great Britain 32|
per cent, Continent 57^ per cent, United States 50^ per
The above
The gold has been sent
through London.
rectly
Cisco because of
Comparing th«
to 1885.
first year (1878-79) with the last (1888-89) wo find that
there is an increase in the aggregate in the eleven years
Total
•
..
1
THE CHRONICLE
1889.
expansion being
..
...
..
Bm'n
Coin.
January
February
79,737
14,751
36,481
31,184
40,593
49,992
20,806
.
Marcli
April
May
June
July
Ooin.
79,737-
625,865
450,620
480,270
15,021
36,681
621,000
7.77,500
851,524!
40,973 1,210,095
50,977, 1,090,188|
31,314.
j
410' 21,216
Tola'.
683,700,
775,000'
833,500|
864,70o'
800,8.58,
500,l(;o|
[115,433 1,356 116,789, 1,072,692
532,370,
69,150
68,690
460J
910,892'
420,300'
!
August
September
270
200
130
380
985
Bullion.
Total,
i
1,246,865
1,228,120
1,163,970
1,626,524
2,043,595
1,954,888
1,301,018
1.983,584
952,670
9mos... '457,667 4,191461,858 7,114,483 6,386,752 13,501.234
Total,
REVIEW
PRICES IN OCTOBER-
OF
GOVERNMENT BONDS AND
STOCKS,
United States of 97,000 bales, all of the
FOREIGN EXCHANGE.
In fact, Mr. Ellison's estiaverage weight of 400 lbs.
The following table shows the highest and lowest
mate of the disposition of these 11,088,000 bales is as prices of railway and miscellaneous stocks at the N. Y.
The actual results for the previous year are Stock Exchange during the month of October, 1889.
below.
RAILROAD AND MISCELLANEO0S STOCKS.
given that contrast may be made.
Low. nigh
Railroads.
Low. High.
Railroads.
91
92
Mar. H. & O. pref....
175
Albany ASusiiueh... 171
Actual
14T8
bales,
and
in the
Estimated,
1889-90.
For Great Britain
For Continent
For United States
Total
Consumption,
18S8-89.
bales
bales
bales
3,977,000
4,205,000
3,906,000
3,770,000
4,069,000
2,809,000
bales
11,088,000
10,648,000
We
have also received by cable Mr. Ellison's estimate
of the number of spindles in Europe, America and
India during 1888, and give it below, adding, for purposes of comparison, the figures for the three previous
years.
Spindles.
Great Britain
Continent
United States
'Etmt
Indio
Total
Atchison Top. &S.Fe.
Do
do
rights
Atlantic & Pacific
Bos. & N. Y. A. L. pf
Plttsb.
Buff. Roch.
pref..
Do
&
Canadian PaciHe
Canada Southern
Central of N.Jersey..
Central Paciflc
Char. Col & Aug....
Che8.&0.,Vot.Tr.cert.
Do
Do
do
do
Chicago
&
Istpref.
2d
pref.
Alton
&
Qulnoy.
Chic. Biu-1.
East ill
Chic.
pref..
Do
St. Pajil.
Chic. Mil.
prof.,
Do
Northwest...
Chic.
pref..
Do
Chic. & Rock Island.
Chlo. St. L.& Plttsb..
pref..
Do
Chlo. St. P. Minn. &0.
pref..
Do
Bait....
Cin.Wash.
pref.
Do
St. L.
CI. Cin. CUlc.
pref..
Eo
Pitts, guar.
Cleve.
Col. Hock. Val.&Tol.
Del. Lack. <fc Western
&
&
&
1889.
43,600,000
24,000,000
14,175,000
2,760,000
84,435,000
'
!
1
1888.
1887.
1886.
42,740,000
23,380,000
13,525,C00
2,490,COO
42,740,000
23,180,000
13,500,0C0
2,420,0C0
42,700,000
22,900,000
13,350,000
2,260,000
82,135,000
81,040.0CO i81,210,000
This shows an increase in the spinning power of the
world of 2,300,000 spindles, in which all the countries
&
&
&
Den.
& Rio Grande.
Do
.
pref..
Den. & R. Gr. Weft.'.
Den. T. & Ft. W., cert.
share.
Des Moin es
E.Tenn.Va.
IMPORTS AND EXPORTS OF GOLD AND
SILVER AT SAN FRANCISCO.
We
the Collector of Customs at
the imports and exports of
for the nine months ending
having frequently inquii-ed
shall give these figiu-es hereafter each
for them of late.
month. An additional inducement for obtaining the returns
at this time was the considerable imports of gold in Septem.
ber. It will be noticed that the total amount of gold coin
have been led to send to
San Francisco for a statement of
gold and silver through that jwrt
September 30, 1889, our readers
We
Do
Do
& Ft. D
& Ga. Ry.
.
1st pref.
2d pref.
Ler. i Big 8 ..
ETansT. <fe Torre H..
& P. M. pref...
UrecnB.Win.&St.P..
26>s
40
22»4
61
26ia
0738
45=8
39
127
Do
pref..
St. pf.
Keokuk & Des
Kingston & Pem.
90%
97I4
95
96
W
.
imported in that month was $2,115,442
making an aggregate of $2,295,941.
Australia, and is probably due to, or in settlement of, shij)menta of breadstuffs either directly to that country or indi-
50^8
15i«
52''n
26
6
10
3319
G
x70
20''9
3
1 "a
115
7
21I3
10
&
Head certs.
Phila.
Plttsb. Ft. VV. A Chic.
16%
Pittsburg
i Wcpteru.
pref..
Do
Richmond * All., rec.
Richmond & West Pt.
11
761a
Do
23%
pref..
1912 Rome Water 4 Oud..
St. L. Alt &T. H...
93
!
95%
4%
I
!
&
Do
255
29's
10
pref..
1st pref.
Do
3%
117%
10%
&
Tex.
St. Louis Ark.
S. Francisco.
St. L.
I
St. Paul.
Do
<fe
Duluth
pref..
Paul Minn. <t Man.
Southern Pacillo Co
St.
.
.
Manhattan, consol...
Mauliaitnn Beach...
Mar. Hough. &Ou...
8>4
13>s
75 >3
13°8
14%
ISO
98
153 >•
101
105!%
107%
17%
IG't
68
69K
.
...
& West'n
7%
10>9
68
.
28H 29% Texas* Pacirto
Land Trust
Do
V.'s 19%
pref..
6iM 6^^^, Tol. Ann A. & No. M.
Do
10488 107"4 Toledo & Ohio Cent.
LakeShore
pref..
Do
Ol^s
91
Long Island
76% 82 "s Union Pacific
Louisville & Nash v..
Midland
Virginia
40
and bullion $180,499, Loui8V.N.AU).&Ch.. 40
Wab. St. L. & Pac
41
44
Mahoning Coal Ry.
prof..
Do
This all came from
pref. 107 >s 107i«
do
Do
& L. E.. pf.
Lake Erie
114<« 116><
3>«
414
2d pref.
Do
N.Y. Lack. & West...
N. Y. Lake Erie &
131
.
255
Iowa Central
14<>8
Milw. L. Sh.
3C,H 37
Ill
11258
28 « 30
39% 43
68
pref..
Do
93\ 98
21% 23
O8I4 73ia N. Y. & Nr.rth.. pref.
43 % 49%
xlll 11758 N. Y. & New England
Hartford
245
249
&
lllis
Y.
N.H.
N.
110
18
19>s
N. Y. Ont. AWest....
14(1 \ 1421a
02
9
8
AWost...
N.
Y.
Susa.
"4
1
96
19
33>4 35 >9
pret..
Do
Ifiifl
14
17 "a 19.1*
34 14 HH-M Norfolk & Western ...
pref.. x55'4 57 Hi
Do
35
3'2ifl
33 19
31
IOOI4 Northern Pacitic
95
pref..
71'9 76%
Do
2»8
2
9
8
West....
41,
Ohio
Ind.&
4>fl
24
pref..
18
7Si«
71''8
Do
23
&Mis.si3.sippi
..
22
>a
Ohio
98^ lOCH
14
14
1 58
1595i Ohio .Southern
8
50
56
N.
L.
U.
Sh
&
Oreg.
1613 1 14
31
SOH
Oregon ifeTnuis-Con.
xl40 148
19>9 21>s
Peo. Dccat. Si E'viUe.
17
17
17>a
921i
niiuots Central
Mexican Central. ....
Michigan Central....
Nash. Chatt. &8tL..
N. Y. Cent, ite Hud. R.
N. Y. Chic. & St. Louis
Ist pref.
Do
lOl^a 110
92 >4
& Texas Cent.
5^.i
40
Flint
Hous.
''a
i West.
pref.
Do
104
MlnneapoUs A St. L..
20>« 22
pref.
Do
78^ 78
68 "a 71 >« Mo. Kans. & Texas...
53
55=8 Missouri Paoitlo
Mobile & Ohio.
119^131
34>8 35U Morris & Essex
Eliz.
Hariem
34
^4
4
102
101
6
10
108
7
10
Wheeling
Wisconsin Cent. Co..
42>4
156
26
39
21
22
79
46<S8
157>a
27
40
22 >a
23>a
82
98's lOOig
45
47>a
6
6>fl
23is 26
x53
107
61
110>a
27 "a 30
79 ij 82
121««
111
32
37»s
21%
19
18
17
Si's
33I9
33 »t
5o
34
57
68 >s
3S
6278
34
10
17%
30
32>a
71=8
29^8
69>a
26
.
THE CHRONICLE.
668
ExPBEsa.
American
Cameron Iron
J:
5i«
Coal.
Colorado Coul & Iron
Col. & Hoik. C. A- I..
17
Homestake Mining...
9
Central Coal....
8
Onbu-io Silver Min..
Quicksilver Mining..
35
Do
pref.
VARiora.
Am.Cotton Oil Trust.
& Hudson Canal.
Distillers' AC.F.Tr'st
National Lead Trust.
919 Oregon Impror. Co..
pref .
Do
10
351s Oregon R'y ANav.Co.
Mail
6»» Paiilic
36I4
I
I'liiladripUla Co
PiiM' Line Ccrtiflcat'a
I'ullmaii Palace Car.
14
14
52
69^8
68
68
IOOI4
102^
83
gm
1471a 153"b
381s 44
20% 2414
.x51
521s
91
94>s
09is 102
Si's 3414
66
71
98i« 108%
'
616
4 Iron
Do
Del.
35
85
50 19 bO'>a
97 IO211
pref.
Tenn. Coal
7
33
18
SO
182
ISu^'ar KeflaeriesCo.
4969 South. Cotton Oil Co.
6713
60
84
190
94
70
86I4
84% 88 Western Union Tel..
The range of Government bonds sold at the Stock Exchange
in October was as follows:
GOVERNMENT DONDS.
Auicr. Tel.
&
Cable...
4i3»,18yi, 4^1907, 4», 1907, G». Cur.,
lis*, 1891
6«, Cur.
'99 reg.
'98 reg.
emip.
reg.
coup.
reo.
*129
12714
XI2714
*12C
105%
Opening.. *105%
*129
*126
I2714
I2714
103%
Highegf.. *10J%
•12Ms
*123
127
127
*105is
105%
towest..
'12512
127
*128
127
105%
qoalt^ ... •I05>a
* Prices bid— no sales during the month.
The daily posted rates for sterling exchange in October
are given below, it being understoo i that bankers' actual
rates are usually a fraction below the prices posted:
BANKERS' STEBUNO EXCHANGE (POSTED BATES) FOB OCT., 1889.
Oct.
60
De-
day:
mand.
Oct.
60
De-
dayt.
mand.
De-
60
Oct.
The Chancellor of the Exchequer is withdrawing
from circulation half sovereigns coined previous to the present
reign, and in their place is substituting silver. In the dock
yards and the Government factories generally wages are being
last year.
153
Amer. Ciittle Tru»t
II6I4 118«« Chicago Gas Trust.
S2>( 861s Citizens' tias.B'klyn.
13"
Coiniiierclul Cable ...
14;:
ConsoliJated Gas Co.
150
United Statos
Wells, Fargo Je Co....
Coal am> Mining.
Kew
VAHiors.
(
Adams
[Vol. XLIX.
dayt.
mand,
paid in silver, which, it will be recollected, is legal tender in
this country to the extent of forty shillings.
Owing to these
facts the demand for the Mint has been large throughout the
summer.
It is believed to be now nearly satL^fied, and on
Thui-sday there was a decline in the price to 42Jgd. per ounce.
Some of the Colonies and Japan have likewise been buying
largely.
Tlie result is that the Indian banks have been purchasing India council bills and telegrapliic transfers for some
time past on a much larger scale than is usual at this season.
The purchases since the 1st of April, indeed, have amoimted
to nearly two millions sterling more than in the corresponding
period of last year, and yet the average price for the period
has been as high as last year. It would seem to follow from
this that the supply of silver is smaller than is generally supposed, and that a comparatively slight increase in the con.
sumption would cause a rise in price.
The Stock Exchange settlement at the beginning of this
week proved to be much heavier than was anticipated. The
account was for a period of nineteen days, the usual period
being fourteen or fifteen. During this time the speculation
South African land, gold and diamond shares, in British
railway stocks, and in miscellaneous securities, turns out to
have been much larger than was believed. In consequence,
486ii-7
the settlement which nominally ended on Wednesday evening
4 86
4 86
was not completed till yesterday. The banks and discoimt
4 8G
S.
houses lent freely to members of the Stock Exchange at from
4 8813
4 82-is 48Gii-7 Open 4 84
4:% to 5 per cent. But the rates charged by the latter to
4 881s
High 4 84
4 82-12 4 8612-7
4 86
IjOW. 4 8112
4 82-12 4 Sfii2-7
individual sjieculators were in many cases very high. In the
4 82-13 4 8i;>2-7
Last 4 811S-2 4 86
American department they were about 6 per cent and on
But in the South
British railway stocks about the same.
gucjlisli
African department they ranged from 20 to 40 per cent, and
[From our own correspondent.]
even higher. These rates, combined with the stoppage of
business caused by the labor involved in completing the
London, Saturday, October 19, 1889.
The ease in the money market continues. At the beginning settlement, alarmed many speculators, and there has been a
of the week the fortnightly Stock Exchange settlement caused good deal of selling of South African and British railway stocks.
an increased demand which, however, was fully satisfied Other causes also are at work to reduce values. Some of the
in
1....
2....
8....
4....
6....
«....
7....
8....
9....
10....
11....
12....
4 881s
4 84
4 83ls-4 4S8-ifl
4 88
4 831s
4f3-is 4 88
4 831s 4 88
13...
14...
15...
16...
17...
8.
18...
4 821S-3 i'sV-is' 19...
4 8212-3 4 87-is 20...
4 83-12 4s7'2-8 21...
4 8712-8 22...
4 83-4
23...
4 8312-4 4 88
24...
4 8313
4 88
8.
4 8312
4 83-is
4 8212-3
4 82ia-3
4 8212 3
4 82ia-3
25.... 4 82-18
26.... 4 82-12
8.
4 8-1S-8 27....
4 87-is 28.... 4 82-is
4 87-12 29.... 4 81-J-2
4 87-is 30... 4 811a 2
31.... 4 8112-2
4 87-is
488"'"
^0ttctavu3®jjmntcrcial
4 861S-7
4 8612-7
|lnus
without applications being made to the Bank of England, at
rates ranging from i% to 5 per cent. On Tuesday the interest
on the Egyptian preference debt was paid by the Bank of
England, which increased the supply in the oijen market; and
the expectation of a million sterling in gold from Russia
further tended to depress rates. About half the latter amount
railway traffic returns this week are not as good as the activity
of trade led operators to expect, and there are reports from
South Africa of a scarcity of water in the mining districts,
owing to drought. The condition of the Berlin Bourse, too, inspires some apprehension, and the dividend declared by the
Mexican Railway Company is disappointing. Nobody believes,
England yesterday, and additional however, that the South African boom is yet at an end. New
small sums, raising the netjreceipt to noarly £600,000. It is companies of all kinds are coming out, and earnest efforts
understood that another half million will be received early will be made to carry prices much higher. There is no doubt,
next week. On Thursday the discount houses and bill brokers too, that the great French banks are preparing for a general
held a meeting to consider whether they should not reduce the rise in Paris. In addition to all the issues those houses have
rates they allow on deposits. They were paying 3J^ per cent arranged for, it is now said that the Government intends to
for money at notice, and yet the discount rate in the open fund forty millions sterling of its floating debt. There is
market was throughout the week from 33^2 to 3;'g per cent. little prospect, however, of an early increase of business in the
But they were unable to agree to any change. Yesterday, American department. The general public still holds aloof.
however, at another meeting, they decided to lower the de- The uncertainty of the money market deters the greater operposit rates half a per cent to 3 per cent for money at call and ators from increasing their risks very much, and the market
3M per cent for money at notice. At tlie same time there was is therefore left to the members of the Stock Exchange, who
a decline in the discount rate to Z% per cent, with a down- follow obediently every movement in New York.
was sent into the Bank
ward tendency.
Meantime most
of
If there
coming here has been going away
again. There are reports that a large amount will be withdrawn from the Bank of England early next week for Brazil,
but in well-informed quarters it is asserted that most of the
sums required will be supplied by the Bank of France. Further, the rates of interest and discount are now much higher
in Berlin than in London.
The German exchange upon London is in consequence moving very nearly to the point at
which gold can be shipped from here to Berlin. And already
the withdrawals of coin for Scotland are beginning. About
the end of October every year from half a million to threequarters of a million sterling is withdrawn for Scotland, but
of the gold
this year the withdrawals are beginning much earlier than
usual, and are expected to be on an exceptionally large scale.
Trade
exceedingly active in Scotland, and it is thought probable that much less will come back again in December than
ordinarily does return. Still the belief is strong and general
in the market that the great financial houses will leave nothing
undone to make the market easy for the rest of the year.
This week the price of silver has been for the most part 43d.
an ounce, the highest quotation reached since November of
is
ties
is
a
rise in Paris
it
of the Berlin Bourse.
will greatly relieve the difficul-
The speculation there
in indus-
shares of all kinds, and principally in mining sh ares, has
been carried too far, and there are serious fears of difficulties
at the approaching monthly liquidation. At the end of last
trial
month
scarce
it
will be recollected that
and dear, and
it
is
money was exceedingly
it will be much
anticipated that
A
rise in
difficult to obtain at the end of this month.
international securities would enable the German speculators
to get rid of a portion of their holdings, and would thus lessen
the demand for loans at the coming liquidation.
Strong efforts are being made to support Argentine securi-
more
The great houses interested are assuring
ties in this market.
their followers that the crisis -through which the Republic is
syndicate of London and
passing will be tided over safely.
A
Paris bankers has agreed to lend the Argentine Government
eight millions sterling. Other Argentine projects also are
being elaborated, amongst them one for the laying of a direct
s-jbmarine cable from Buenos Ayres to Europe, guaranteed to
the extent of S*^ millions sterling by the Argentine Government. There is little probability that the British public will
support any of these enterprises, and it is notorious that prices
«
1
yOVEMBER
THE CHRONICLE.
8, 1869,]
aro maintained only by syndicates of great houses and by trust
companies formed for the purpose of taking up tliese and similar securities. According to a private telegram received in Lon-
don this week the Argentine Finance Minister has
laid
a
bill be-
fore Congress proposing to reduce the paper circulation to 109
milhons of dollars, and to create a reserve fund in gold amountIt seems incredible that the gold
be furnished by European houses, and even if it is few
believe that the Argentine Government will fulfil its promises
to maintain the reserve any more than it carried out that provision of the Free Banking Law which required the gold paid
by the new banks to be retained for two years. On the other
ing to 80 millions of dollars.
will
to conceive how a crash can be avoided if
be a sudden and violent contraction of the circula-
hand
it is difficult
there
is
to
&
1
OOLD.
SILVBH.
Oct. 17,
London Standard.
rise in iron
has
made
changBj but there is much activity in them on some of the
provincial exchanges. In Manchester particularly there has
been a keen speculation this week, and prices are now from
100 to 200 per cent higher than they were at this time last
The home demand for iron and steel for ship-building,
for railway extension and renewals, and for general purposes,
is very large, and promises to continue for a considerable time.
The foreign demand is not so active, but yet is fairly good.
As one indication of the prosperity of the industry it may be
stated that the traffic return for last week of the North Eastern Railway Company, which serves the principal iron district
of the North of England, shows an increase over the corresponding week of last year of £15,500, and for the current halfyear up to the end of last week the increase exceeds £156,000.
As the iron trade is mainly an instrumental industry its prosperity affords conclusive evidence of the great improvement
in the general trade of the United Kingdom.
The wheat market is rather easier this week, owing to very
mild weather and lower quotations from the principal exportyear.
Londoti
T
87 5
"
"
oel. 10.
1.
d.
Bar sliver
ob.
Bar silver, contain-
9
4SK
ing 5 grs. gold. ox.
sliver
oi.
77 10
42W
46X
I'ako
43K
4«H
mi
.Mexican doli'..,.OB.
Beans
Indian corn..
Ploup
1B69.
7.29«,185
1888.
1887.
6,298,692
1,447,136
1,745.123
8. 59.;. 357
1.387,282
2.8-19,608
1,823,8.56
2,2t!2.<i82
144,633
522.134
3,914,299
184,797
340,188
253,028
3,002.t;59
2,54", 1,^5
1,944, !«61
2,155,008
2,102,069
277,03.>
Supplies available for consumption (exclusive of
September
1880.
7.028,445
2,803,380
2,091,536
196,164
262,0- 8
3,402,003
1,974,492
stocks on
1):
Imparts of wheat.owt.
Imports of Hour
Sales of home-grown.
1889.
7,298,185
1,944,861
5,982,713
Total
15,225,759
J
Aver, price wheat week. 298, 4d.
Av. price wheat season. 298. 9d.
1888.
8,593.357
7.028,41,5
3,479,387
1887.
6.298,692
2,402,069
5,0OH,916
14,227,732
13,707,677
13,077,461
308. lid.
34s, 3d.
298, 3d.
28e. lid.
2,1.55,008
shows the quantities of wheat,
the United Kingdom:
Tlie following
maize afloat to
This week.
Wheat
1,332,500
166,000
321.000
ars,
qrs.
Flour, equal to qrs.
The daily
293.
318.
flour
S'l.
Id.
and
Last week.
1,268,000
1888.
2,188,500
137,000
403,500
:;02,000
1887.
1,485,500
72.000
235,000
218.000
marketa— Per Cable.
at London
week ending Nov. 1
closing quotations for securities, &c.
by cable
1886.
1,974,492
4,074,524
as follows for the
,
Dtsc't H'st
Joint
Four
At
Four
Six
Three
Six
Stock
Montht Month* Months Months Months Months Banks. Call.
Oct.
77
77 10
...owt.
are reported
Three
8«pt. 13
" 80
9
Oct. 17.
d.
Ensllsli Financial
Interest allo^ved
for deposits by
Trade BUli.
BUtt.
Wheat....
Barley
Oat«
Peas
as follows;
Open market rate:
Bank
».
London Standard.
The following shews the imports of cereal produce intD the
United Kingdcm during the first six weeks of the season
compared with previous seasons:
Maize
ng countries.
The rates for money have been
1
Bar gold. fine. ,.,oz. 77
Bar gold, contaln'g
SOdwtf.silTer.OB.
3pan.doubloun8.OB.
3 Am.doublnons.OB.
Oct. 10.
d.
1.
further progress this week. Compared with February last the advance in Scotch pig iron warrants is about 36 per cent. There has also been a much larger
business in iron mining shares than for many years past.
Those shares are not much dealt in on the London Stock Ex-
"
6 69
Messrs. Pixley
Abell write as follows on the state of the
bullion market:
Gold— Kxcoptlng wliharawal.sof sovcrclKDSfor Rio and Kuypt, tli»r«
have been no dfiiiands for Bold, and ihe Bank bos received i!,^44 000
The withdraw .1.4 Dientloned above inidiida i!I2,S,0U) for Klo and
X 100,000 for KKvi)t. ArrlvalH-Kroin West ludlpit, i, 1,000: New York.
ilOii.OOO; Natal, all ,000; Klv,r I'late, iJS.tOO; Chile. Ji2,000: New
Zealand, iS.OOO; tot»l, i;i4S,000, Shipiuente, £2,500 to Ciil. utta
Sliver— A further rise look place In silver, and on the IStU October
43d, was (i«oted,-a price that has not been touched sluoe the 27ili
November. 1H88, The chief purchases have been for the home sud
.lanancse Mints.
Today iho market Is »llt;hllv weaker at 42'-d.
Arrivals -From Now York, il64,OO0; Wewt Indies. £37,000: CliUe.
i.-^o.oOO; total. i:251,000. H.'i.OOO has gone to Calcutta.
Mexican Dollars— A few deallnt's have laken place at 42>9d, and the
market la tteady. About £19,(i00 has arrived from New York.
The quotations tor bullion are reported as follows:
tion.
The
:
4
11
S
5
18 5
- 3Ma - 3Ma 3?iSl ,3«94
3»<S - 35<a - 3Ha4M 3X*45< 3H&i',i
WS) - 4jia - 4H® - 4«®5 4«®5 4K@5
4«a - 4wa - 4Ma - 4MI3B 4««5 41^35
3«9- 3«a - 3«a - 3«®4« 3«@4>i 39i84>t
m®
35(;®
ton
London.
2«
2H
8«
3«
3«
3H-3H
3H3H
3H 3«-3«
-'^i^ - 3«S4H
3«
3
Sat.
JDa»»
Silver,
aH'i
-
•7
3K-3^
per oi
9616,
Consols, new 2%
961,0
do for account
FVeh rentes (in Paris) tr. 87-50
IO8I4
4ia»of
1891
e.
D.
130
0.8. 4s of 1907
Canadian Paclllo
707a
Ohio. Mil. & St. Paul.... 72 >4
Illinois
Central
The Bank rate of discount and open market rates at the chief Lake Shore
& Nashville..
Continental cities now and for the previous three weeks have I.ouisvil'e
Mexican Central 4 s
Central
& Hudson.
N.Y.
been as follows:
Ocoober 11.
()ctob(r 18.
Rates of
Interest at
Bon*
Ojwn
Bank
Jtate.
Marktt
Rate.
~h' rs
5
5
5
5
5
Hamburg
AmBterdam
8«
8^
BroBsels
4
4
4
Frankfort
Madrid
St. PsterBburK..
Copenhairen
t
8
2M
Open
Open Bank
Market Rate- Market
~~3
8
S
5
6
Paris
Berlin
October 4.
4M
3«
8«
2«
3H
3%
S
1
4
4
6
6
3
8
t
8
Bank
4
2H
3H
3%
4
4
4
6
8
Open
Rate. Market
4
130
70''8
7239
108 14
108 14
130
130
70=8
711a
120
120
10914
l')9>«
84
1091a
8416
6919
1091a
69
109 19
69
30i«
107i58
57 19
75%
5579
22''8
691s
3218
4313
90i6ie
97
97
87171s »710
119%
N.Y. Lake Erie & West'n 30
2d oins
do,
1071a
Norfolk * Western, pref
571a
Northern Paclttc, pref.. 753a
5579
Pennsylvania
Philadelphia Sc Reading. 22^8
6914
Union Pacillo
Wabash, pref
32>s
Thwri.
97
108 14
130
70=8
7218
7059
119%
109%
119%
72
IIOI9
84 14
84
69
83'9
1091a
2979
107»a
5679
73I3
55'9
2239
6839
3219
9615,9
8710
1091a
30 19
1071a
57ie
7539
Si's
68'9
1091a
30
1071a
.5714
7533
S5%
22 14
09 »a
69%
3219
32>a
22
©otmwcvclaX and ptisccUattcoivs gleuis
2«
8X
National Bjk.NKS.
The following National Banks have
recently been organized:
4,139— The First National Bank of Danlap, Iowa. Capital. $50,000.
Jamea H. Pattcr-on, President; Henry A. Moore, Cashier.
2J4
3»
6
8
6
8
87-10
108 14
Wed.
431a
3H
3H
4
4
e
9615,
901,,
435,,
961*16
3
4
4
4
3
4
The following return shows the position
England, the Bank rate of discount, the price
compared with the last three years:
1889.
September 87.
43 14
43^8
d.
percts.
—
4,140—The
3
First National
Bank
of Cnero. Texas.
C.iplta',
$50,000.
Alexander Ilaniilton, President; W. H Graham, Cashier.
4,141— The National Bank ot Odesss, Mo. Capital, $100,000. John C.
Cobb, President M.^<ii8on G. Wood. Cashier,
4,142—The Duncannon Natlonivl Bank, Pa. Capital, $50,000. JoUu
Wister, President; P. F. Duncan, Cashier.
4,143— Ihe Flr.st National Bank of Lakotn, Dakota. Capital. $50,000.
;
of the
Bank
of
of consols, &c.,
K. Ashlev Mears, Piesident: Clarence T. Mears, Caf-hier.
1888.
1887.
1886.
84,532,885
85,107,010
4,144—The First National Bank of buanah, Texas. Capital, $50,000.
John G. James, Presideni; H. M. Victor. Cashier.
4,145— The Union National Bank of Louisville, Ky. Capital. $500,000.
George W. Swearingcn, President Edward 11. Conn, Cashier.
4,146— Tne Rio Grande National Bank ot Laredo, Texas. Capita',
$100,000. J. M. Hamilton, President; Even C. Becd, Cashier.
:
£
i
Otronlatlon
Pabllo deposlU
24,860,875
4,13S.8U8
25.100.3SO
Other depoilU
36.443.039
85,064.548
eoTtmment
6,090.003
3,498,671
3,043,4'i9
83,081.002
18,959,980
23,094,783
19.682,496
19,768,403
j
taoorltlea
Other leonrltlei
17,357.401
17,fl69,(i6B|
19.952.668
80,395,325
Beeerreof notei and coin
Coin and bnlllon
11,149.602
19,809,977
11,631,176
11,719,417
10.701 ,0«7
20,531,538
20,058,842
80,148,657
40 1-10
14,0,-!5,815
i
Prop, assets to
Bank
liabilities
rate
Consols
Olearlng-Honse retoTD
p. o.
80 3-16
S p. c.
9;h
36
5p.
43J(i
e.
10C?(i
4 P.O.
102 13-16
4 p,
100 15-16
161,827,000' 153,355.000 188,988,001 108.578,000
—
Imports and Exports for the Week. Tiie imports of last
week, compared with those of the preceding week, show a decrease in dry goods and an increase in general merchandise. The
total imports were $9,414,834, against §10,163,816 the preceding
week and $9,229,340 two weeks previous. The exports for the
week ended October 29 amounted to $6,343,558, against $7,022,903 last week and $6,347,647 two weeks previous. The following are the impotts at New York for the week ending (for dry
.
THE CHRONICLE.
670
goods) October 24 and for the week ending (for general mercbtuidise) October 25; also totals since the beginning in Janu'
axy.
rOBBIOM UfPOKTS XT
For Week.
Dry Goods
Ben'l mer'dlM..
Total
Bmee Jan.
Drr Goods
NBW
TOBK.
1889.
1888.
1887.
1886.
Jl,872,946
6,542,958
S1.032,8S4
7,535,522
$2,021,470
7,078,961'
$1 ,.577,743
7,837.091
18,415.901
$9,468,406
$9,1C0,434
$9,414,834
1.
»99,0.SS,e89 «104,694,702 8109.009,807 Jl 12,618,089
285,875,335
262,072,288
Sen'lmer'dise..
277,830,907
300,933,S73
toUl 43 weekp. 8301,126,177 $390,570,037 $336,840,714 $413,551,962
'
XLIX
[Vol.
—The
firm of II. B. Morehead & Co., Cincinnati, Ohio, has
been changed to Moreliead, Irwin & Co. This firm
ranks among the prominent bankers in the West, and makes
investment securities a specialty.
—Messrs. E. W. Clark & Co., Philadelphia, and Lee, Higgin-on <& Co., Boston, invite subscriptions for a certain amount
of the preferred and common stock of the Virginia Development Co. See advertisement.
Investors are invited to notice the advertisement of
Messrs. John H. Davis & Co. in to-day's Chronicle. Prices
and particulars of seme choice bonds can be had by writing to
them.
Parties holding certain numbered bonds of the LouLsville
& Nashville Railroad soon to be drawn should notice advertisement in another column of to-day's Chronicle.
lately
—
—
—
—
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending October 29 and from January 1 to date:
United States Snb-Treasnry, The following table shows
the receipts and payments at the Sub-Treasury in this city, as
BZPOST8 FROM KBW TORIC FOR THE WEEK.
well as the balances in the same, for each day of the week.
—
1887.
1883.
1889.
»6,026.425
249,868,808
$6,512,317
237,797,241
$6,342,558
280,325,276
1886.
Batancei.
Par the week....
ner.
*6,700,7.'i3
255,523,314
reported..
Date.
Oct. 26
" 25
shows the exjwrts and imports of specie
" 29
"
at the port of New York for the week ending October 26 and
30
" 31
since January 1, 1889, and for the corresponding periods in Nov. 1
1888 and 1887:
table
Total
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
SxporU.
Sitiee
Jan.\.
Week.
2,722,806
3,090,731
2,580,820
2,474,229
2,^21,322
3,260,196'
3,275.653
2,43 ',33
2.521.182
2, 197.570
2,621,316
4,008,192
17,0.)e,10C
17,354,218
->
Since Jan.l-
Oermany
$390,634
1,461,804
1,849,373
22,'.i73
West Indies..
Mexico
.......
8,000
4,320,245
30,300
2,196,882
76,200
$174,150
$21,900 $48,281,720
47.995 19,-536,532
27,500
6,511,094
$192,415
Boatli America.
411 otber countries..
Total 1889
Total 1888
Total 1887
461,704
58,314
179,277
720,750
12,140
6,125
5,59.''
356,670
$5,11I,R56
5,587,763
36,249,631
Importt.
JStport*.
Silver.
Week.
ereat Britain.
France
[Since Jan.
Germany
Week.
t99,287
14,711
13,402
138,3:3
52,093
46,929
784,464
Boatb America
Total 1889...
.
...
169,912
190,002
$507,488 $17,063,773
921,554 11,276,403
183,971
9,184,029
$
$
$
157,420,8^2
157,50.>,127
1!';062,897
157.031,276
157.668,440
18,418,529
at auction
ftharee
5 Lloyd's Plate Jl's.<'rn8.Co.213
15 Keokuk & DosM., com.$73
do pref.$185
16
do
13 Coiitin'tal Fire Ins. Co.230
120»4
20 St. Nicholas Bank
12 N.Y.Life Ins.A Tr'st Co.642
10 Prudential F'ire lus.Co. 82>2
.
Fire Ins. Co.. .17012
140
21 Hanover Fu'e Ins. Co
82ia
48 Fireman's Ins. Co
5 Empire Cit.v Fire Ins. Co. OS's
5 2d Nat. Bk: Jersey City.. 225
1
9,400,454
9,300,076
9,555,642
9,494,598
9,^56.000
9,2i 1,209
18.484.740
18,961,290
18,790,983
18.750,441
157.108.274
Sfifires.
lOGcrmauia
Currency.
|
100 Nat. Bank of Com.l94-194i4
2,450 Cons. Tel.
&
Electrical
Subway Co
Gcimau-Aiuer. Eeal Estate Title Guarantee Co.lOO
;Ji9-10p.6h.
It'tnds.
$6,000 St.L.K.C.&No.RE.tSt.
Charles Bridxe) Ist 6s,1908103'2
$10,000 District of Columbia
103^<fcmt.
per. imp. 68, 1894
1 90
100 Jer.sey City Gas Co
150
50 North River Banlt
10 City Fire Insuiance Co. ..118
973
583;
All other countries.
Since Jan.1.
$11,639
2H,287
138,331
West Indies...
ifexloo.
Totalises.
Total 1SS7
1.
$502,488 $16,339,611
5,000
190,000
[Coin Cert't
157,383,49.-i
100 Ohio Ind. & West. com.
BH
pref. 19
do
do
70
20 Coiii'l Union Life Ine. Co.lOO
5 Standard Fire Ins. Co.... 109
83
30 People's Fire Ins. Co
.
$13,900 $13,911,015
27,718,805
Great Britain
France
Coin.
Auction Sales.— The following were recently sold
by Messrs. Adrian H. Muller & Son:
Imperil.
eou.
Week.
9
$
Total 43 weekf. »262,224,0e7 $255,895,233 $2414,309,558 *286,667,834
The following
Paymentt.
Reeelpli.
$27,204
83,123
40,150
$1,136,770
1.509,4: 8
1,625,370
Spemcer Trask &
Oo.,
BANKEKS.
IVo8. 16 and 18 Broad Street,
ALBANY, N. Y.: SARATOGA, N. Y:
New York
City.
PROVIDBNCE,
K. I.:,
TBANSAOT A GENBR.ll. B.VNKIXG BUSINESS.
All classes of Securities
Bought
.and Sold
on Commission Special
to each oBlce
civen to Investment Securities. Direct wire
Of the above imports for the week in 1889 $19,140 were atteution
and to PhiladeU>hia, Boston and Chicago.
American gold coin and $5,008 American silver coin. Of the
exports during the same time §8,300 were American gold
STAXTOM,
COFFIN
&
coin.
Bankers and Dealers
—
Seattle Lake Shore & Eastern. New and strong parties have
recently become interested in this property,
and it is understood now that the finances of the comare upon a better footing, and that the necessary money
been provided for building and equipping the 81 miles to
connect with the Canadian Pacific, and active construction
upon this connecting link is now going on.
IN
High -Class American
Cy
72
Fort Worth & Rio Grande.— The road will be completed to
Dublin, Texas, by Nov. 15, making about one hundred miles
from Fort Worth. Work will be continued tliirty miles
further to Comanche; beyond this point the route has not been
definitely fixed.
m
next week through the Central Trust Company, and it
exjK'cted that the doors will soon be opened for business at
Ko. 50 Wall Street, wliere tliey have taken spacious quarters.
The President, of the company will be Mr. Willis S. Paine, the
late Sup nntendent of the Banking Department of the State
IB
of
New
BROADWAY, NETT YORK.
COFFIX & STAXTOSf, I.IMITED,
DEALBBS IN
CAREFITLLI^Y SELECTED AMERICAN BONDS.
—The incorporators of the State Trust Company have
effected a coalition with another party of financial and business
strength, who were intending to organize a new trust company, and there will be only the one stronger company instead
of two new ones. The applications for stock were largely in
excess of the total amount, and it was only possible to give a
moderate percentage of the stock wanted. The money is to be
paid
NO PROMOriJN OR SPECUL.VTIVE BU3INE33 TRANSACTED
84
WINCHESTER
Company, represented
F. A. Hjatt, J. P.,
Charles Hervey Jackson.
Walter Stanton,
Wm. Edward Collin,
MASAGIX'O DIKECTOIi.
Charles Her\'oy Jackson.
Western Farm Mortgage
by Mr. Wm. T.
Manager.
Mr. Pratt is well-posted in this class of
and-wiU give all information about his company.
—Attention is called to the card in to-day's Chronicle of
SPECIAI., NOTlCtS.
Pratt,
A.J. Wed & Co., of this city and St. Loui.s. The
members composing the New York house are well-posted and
energetic business men, and are prepared to give special
atten-
Messrs.
tion to
all first class
investments.
C.
rURKCTOB?.
in this city
securities,
E.
Pino Coffla, J. P., D. L,. (Chairman.)
Sir John E. DorringtoD, Bart,, SI. P., J. P.
York.
to notice the advertisement of the
HOIJSF, LONDON,
J, E.
—Parlies in auest of Western farm mortgages are requested
& Trust
Bonds,
lycOIIXTY BONDS— EICHTY THOITSAND MINNEMaturing in fif4,hi per cent Bonds.
teen -and twenty years. Assessed valuation .$7,828,290. Total debt
only $92,000. Population 25,000. Debt limited by statute not exceeding 4 per cent. Offered by the Equitable Moktoagk CoMPAsr,
haha County, Dnk., Court-House
208 Broadway,
New
York.
Sec card on
flrst
page of Cubokicle.
.
November
2
:
.
Per
Saint of Company.
Cent.
40J8.
\.V lys iticliisive
)
Rnllr«»Mda.
Cincintiati Sand. & Clove, prct...
Kan. C. St. L. ACUlc. pf. (quar.).
3
Mt. WiLsliinKton (annual)
NaBhua &. Lowell
N. Y. Prov. & Boston (quar.)
4%
2^
Pennsylvania
2>2
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
3
5
Nov.
Nov.
Oct.
Oct.
30 to Nov. 1
26 to Oct. 31
2'2
1>4
Nov.
Nov.
11 Oct.
26 to Nov. 11
2 to Nov. 10
lA'riu iS: BOHton
.\IaiiLliestcr <fc Lawrence
tlie
KankN.
Now
8tate of
5
7
York..
Qenuania
Miact-llaneous.
Providence & Ston. 8.S. (quar )..
United Btatea Express (quar.)...
VVAJ.L,
1
1
20
1,
188.9.-5 P.
I»l.
the rumors of internal dissensions (however unfounded these
rumors may be), and the Western reports that the recent Union
Pacific-Northwestern traflSc alliance might lead to dissatisfaction among other companies, and possibly a disruption
of the Inter-State Association, have worked against the
naturally strong tendency of prices.
The money market has also ruled high at times, and
as long as the rates for call loans remain so sensithe
condition must be somewhat prejudicial to
tive,
stock operations. In regard to the purchases of bonds by the
Government, a prominent dealer remarks that Secretary Fairchild paid 109 for 4% per cents on January 16. 1889, and Secretary Windom jmcl 129 for fours on April 6, 1889, and on
the basis of yielding the same income per annum the equivalent prices now would be 128'43 for fours and 106*60 for 4}4
per cents. These figures were made October 18, but there
would be very little change to date.
have never said much in this report in favor of Trusts as
a medium for the speculative dealings of those having no inside information. The raising of the Lead Trust certificates
from $60,000,000 to $83,000,000, without any knowledge of the
fact io the market, and the recent heavy decline in Sugar
Trusts and Cotton Oils, without any satisfactory reasons, seem
to have shaken very greatly the confidence of the public in
this class of " fancies." It would be a long step in the right
direction if these concerns would change into regularly incorporated companies, list their stocks and publish their annual
and monthly statements in the same way that the respectably
managed railroads and mining companies do. The proix)sal
of the American Cotton Oil Trust to turn itself into an ordinary corporation is the best thing it has ever done.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 4 to 12 per cent,
and to-day the rates were 6@12 per cent. Prime commercial
paper is quoted at 5J^(a 6J| per cent.
We
The Bank of England weekly statement on Thursday showed
a gain in specie of £328,000, and the percentage of reserve to
liabilities was 40-74, against 38-41 last week; the discoimt rate
remains unchanged at 5 per cent. The Bank of France lost
2,950,000 francs in gold and gained 475,000 francs in silver.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks
:
Surplus
Loans and
Specie
Caroulatlon
Net deposits
L<«al tenders
Oct. 29.
,
5.'>,945,
diac'ts.
1887.
1888,
Ocl. 27.
$
60,762 ,700
5 J 586 000
100
3i)5.383, 800 Dec. 2 ,428,30();393|706! 400 350, 196.300
72,230, 400 Ine
4.'57,'JO0
92,460, 700 78, ,816,600
34,2001
4.040, 000 Inc
6,487, 100
8 ,117,700
400,81«, 100 Dec.4 ,136,10O418.,W3, 600 357 866,300
25,083, 400Dec.l, ,279,900; 27,871, 100 22, ,612,200
100,204, 525lDec.l .034,0251104,633, 400 89 ,466,625
101,333, 800iDec, 82->,000, 120,331, 800 101, 428,800
60.762, 700
Capital
I
.
Le^^al reserve
Jieserve held
Surplus reserve
l,l-29,275|lnc,
212,0251 15.698.400
11,962,175
—
Exchange. There is no increase in the demand for sterling
exchange and the market remains duU and heavy in tone.
The continued free offerings of commercial bills and high rates
for money have had a weakening effect on the market, and
early in the week posted rates were reduced J^c. to 4 813>2@
4 82 and 4 86. The rates of leading bankers are as follows:
Tfovemher
Prime baiikcrfl' sterling
Prime coniincrcial
Document ary
1.
bills
on London
ciimiuercial
Parl.s (francs)
Amsti-rdam (Knllders)
Frankfort or Bremen (reichmarks)
week
as follows:
is
«Pwamtt (Km
<tu< 1801.
Ofcrlnvs. /'urch'M. Prices paid.
..
continued reports of large railroad earnings, the combinations just effected and others proposed among leading railroad
systems, have all been on the side of increased strength in the
situation.
On the other hand, the bad break in Cotton Oil
Trust certificates, on account of reduced earnings and
E iJf'r'ncU fv'm
yrev. Week.
for this
m Per CmU
1
11 Oct. 28 to Nov. 11
t«TREET. FRIDAY, Nov.
1889.
$1,250,300.
The statement
The Money Market and Financial Situation.—The past
week has been one of sufficiently good facts, but rather wild
rumors. The excellent progress of the Atchison plan, the
Oei. 26.
United States Ronitx.—There has been but one sale of Government bonds at tlie Stock Exchange and the market is unchangetl. The purchases by tho Secretary of the Treasury
liave also been much smaller than in recent weeks, though he
has taken all that Iiave been offered. Tho total for the week
is
1
1
l.-iiNov,
vie.
reichmarks, 94j^®94J^ and 95@95>^; guilders, 89;i(g40 and
Hooks Closed
vrhen
Payable.
671
To-day the rates on actual buBinens were as followi,
The following dividends hare recently been annoiincod
of
:
THE CHRONICLE
3, 1889.J
%]xt Mmxhtxs' Cla^jettje.
DIVIDENDSi
Bank
—
.
Sixty Days.
Demand.
4 811244 82
4 80 ©4 8OI4
4 86
4 79i2a4 79=14
5 22 1-2 a 5 217b;S 20
®5
lO'-B
39''8S39iiiiB lO'iii® 4018
Batntdar
. .
Mondar
TuMday....
Wedn'sda;.
Thnndar..rridar
Total.
.
..
.304,500
304,600
lOSK
105«
106«
loeM
105W
106X
582.800
682,800
105«
The closing
1891
1891.
48,1907
4128,
4k!S.
49,1907
(45.000
62,000
6,200
;»«,eco
tJS.OOO
62,000
6.400
146,600
18.500
18.500
prices at the N. Y,
1907.
fyfeMyaM
U7
D)4.8eO
25,350
in),9oo
tM.SSO
1V,500
228,000
19.500
12;
127
188,300
328,000
158,800
__«B7,5q0
667,500
127
1
25 850
1S7
iT«,aoo
UT
127
Board have been as follows
Interest
Ocl.
Oct.
Oei.
Oct.
Gel.
Periods
26.
28.
29.
so.
31.
JVon.
1.
*105i2*105'a*103i3*105>3*x0t38»104%
..coup q.-Mch. *105i2*105»2*10S>2*105>9*103'a*l 6»fl
'127 i'-127 i*:27
reg. Q.-Jan '127 j*127
127
coup. O.^an. "127 -127 i"127 '127 *127 i*127
reg. Q.-Mob.
.
&
our'cv.'95....reg. J.
cur'cy,'96. . reg. J.
cur'cv.'97....reg. J.
6s,
68,
68,
68.
Otsrim/s. Punk'es.
&
&
&
.
cur'.-,,,'98....reg. J.
.:.
1
J.l*117'3*117ia *117ia '117Ja *117>!j
'H?"*
*120 *120 '120 i*120 ,*12:i ,*120
*123 *123 i*123 .*123 |*123
J.t*r23
J.;*125i2 "12312 *l25>a *125»2 *l23i3*125»a
*1^8 '128 /•128 i*128 j'128
J. 1*128
J.
es^cur' jy,'9 }.... r eg. J.
* This Is the price bid at tne morniuK board
:
no
sale,
was made.
—
State and Railroad Bonds. The bu.siness in State bonds
has been dull and the market without feature.
The
sales include Tennessee compromise bonds at 80 ; do. settlement 3s at 741^-1^ Alabama Class A at 105 North Carolina
consol. 4s at 97^-98 do. small at 97 Louisiana consnl. 4s at
89 Virginia 6s deferred, trust receipts, at 81^ H%.
Railroad bonds have had a pretty good business, ana the
majority of issues have been firm to strong, though weakness
On the
in a few has given some appearance of irregularity.
whole the market has improved. The M. K. & T. bonds have
been moderately active and the 7s strong, while the 5s and 6s
Aransas Pass bonds of both
have hung back. San Antonio
Others which have
issues have been strong all the week.
shown strength have been Fort Worth & Denver Ists, Denver
;
I
;
;
;
&
:
GiUf Colorado & Santa
Louis Arkansas & Texas Ists and 2da.
& Rio Grande Western trust receipts,
Fe
Ists
and gold
6s, St.
On the other hand, among the weak classes the most conspicuous have been Reading incomes and Northern Pacific bonds.
Railroad and Miscellaneons Stocks.— The stock market has
again been disturbed by the decline of a few specialties,
and while the tone has been generally firm, prices have been
unsettled at times by these " cranks." There has been no
unfavorable news of a general character, but the weakness of
the coal stocks in the regular list and of some of the Trusts
among the "unlisted" has been sufficient to keep the market
in a somewhat feverish condition and to check any tendency
toward a general advance. The stringency of money has still
considerable influence and 12 per cent has again been reached.
The subject most discussed among the railroad news was
Alton stock
the reported sale of the majority of the Chicago
to the Vanderbilt-Union Pacific interest. This has been denied
and the ti-uth is hard to get at, but the impression is general that
some kind of an alliance or traffic agreement in addition to that
pre-existing is or has been under way between these interests*
Among the different groups on the Stock Exchange the
coalers have been the most conspicuous, because they have
unsettled the whole market, more of less, by their continued
weakness. Reading and Lackawanna have been active and
quite freely sold, on what appears to be strong bearish pressure
assisted by the relatively unsatisfactory condition of the coal
trade this year. The decrease in Reading net earnings for
&
September also had some effect. The grangers and Vanderbiits, on the other hand, have been well sustauied, particularly
the latter group, of which Lake Shore and Michigan Central
have been qiute strong. In this connection L'nion Pacific
must also be mentioned it has been active and somewhat
irregular, showing little change for tlie week. Missouri Pacific
has also been among the more active stocks and generally well
held imtil to-day, when it broke down to 68 1^ on free sales.
Among the specialties Tennessee Coal & Iron had a sharp
advance of six points on Tliursday and to-day, which was not
all sustained, and the 6 per cent gold bonds of tho company
still sell below 96
and Denver Texas & Ft. Worth advanced
to 83,lg on Monday, from which point it afterward fell off.
The Trust stocks have absorbed a large share of attention
and continue to be a source of uneasiness to tho whole market.
Cotton Oil has taken the lead this week and was sold down
very heavily to 36,1^ on Thursday and 32 J ^ to-day. The selling
is said to have been largely by insiders and it was reported
that the net earnings were $1,000,000 less for the year than
had been supi>osed, and that there were dissensions' among
prominent leaders in the management. Sugar declined to
671^, recovered materially, and then fell off again in sjTnpathy
witL Cotton Oil. Lead liad a sharp decline to-day.
;
;
—
2
...
....
.
.
THE CHROxMOLE.
672
STOCKS-PKICES AT
STOCK EXCHANGtE
N. Y.
WEEK
FOB,
ENDINGt
IVOVC3IBER
1,
HIGHEST AND LOWEST PRICES
STOCKS.
Saturday,
Oct
UK.
Active
AtoUiaou Top.
&
Atlantic
Canadiuu
A
Stocks.
Santa Fe
PuoiUi;
ifc
Eastern
Illinois.
.
pref .
.
Do
CbicaKo Milwaukee & St. Paul.
pref.
Do
CUcaeo i Nortljwestern
Do
pref.
Chicago Rock Island APaclflc.
Chicago SL Louis Si PittsburK.
Do
RfBi.
Chicago
Paul Min.
St,
Do
<fe
Dm..
pref.
Cleve. ancln. Chic.
&
St. L...
Do
pref.
Columbus Hocking V.al. <£Tol.
Delaware Lackawanna jjWest
Denv. Tex. ic Ft. W., Vot. cert.
East Touuessee Va. & Ga
Do
Do
Istpref.
2d
Evansviiie
pref.
& Terre Haute
Green Bay Winona
4$:
St.
Lake Erie & Western
LonK Island
& Nash\i.le
New Alb. tk Chicago
Louftville
Mauhat:an Elevated,
Michigan Central
Milwaukee Lake Sh.
Do
Nov.
1.
30=8
31=8
31
31=8
31
6
31%
4%
33,715
•5
30% 31%
6
69
69
4,460
16.880
2,100
30%
5%
31=8
6918
6914
*5
3414
35
2.'->%
25%
64% 65 '4
43I2
1051a
44%i
106%
40% 40%
41
414
40 14 40 14
40
40
. .
consol..
& West.
pref.
Hiasouri Kansas i&Taxas
Missouri Pacific
Mobile i: Ohio
Do
Do
Louis..
Istpref.
2d
pref.
Kew York Lake Erie & West'n
pref.
Do
New York & New England
New York Ontailo & West
New York Susquehan. & West.
Do
Norfolk
Do
pref.
& Western
105
18% 18%
18% 18%
64% 65% 6414
IO6I4 106»8 10614
*90
92
91
8II2 81=8
81
'40
*40
45
105
pref
Northern Pacific
Do
pref
Mississippi
Ohio &
Oregon Sh. L. & Utah North.
Oregon As Trans-Continental.
Peoria Decatur ii Evausville.
Phiia.& Head. Vot. Trust. Cert.
BlchmonditWebt F't Termina
pref.
Borne Watertown & Oedeusb'g
St. Louis &. San Francisco
Do
Do
pref
Istpref
& Duluth
St.
Paul
St.
Paul Minnap.
Do
Texa.s
105
64
6514
& Pacillc
64%
18% 18%
64% 65
I
81=8
8II4
•38
106% 105
45
81=8
45
81=8
'39
105% 104
82i|
45
104%
I
Do
Wheeling
I714
17% 17%
68
68
68
37
2914
29%
29
461a
47
45% 46=8
ISM 18%
8% 8%
18% 18%
81a
35
8 "a
351a
'3514
•19
20
56
50
55%
32"4 32 14
32 14
73% 74
73%
2314
22% 23
53=8
331a
2013
441a
53%
34%
*20
201a
44%
*23
36
19%
55%
32%
73%
23%
21
43% 44%
23% 23%
80% 80%
*99
99%
23 14 231a
*80i4 81
*99
100
*23
24ia
55% 55%
107
29%
53% 54
33
31%
•5514
109
107
21
56%
109
66%
Pacific
.
pref
& Lake Erie, pref.
Co
irilscellaiieoiiD Stocks
Chicago Gas Trust
Colorado Coal & Iron
Consolidated Gas Co
Delaware & Hudson Canal
Oregon Improvement Co
Do
Oregon R'y
&
pref.
Navigation Co
Pacitic Mall
PuUmau Palace
Car Co
Western Union Telegraph
.
.
American
United States
Wells. Fargo & Co
Inactive Stocks.
Tel. & Cable Co
American
. .
Chicago
&
Bait
do
20% 21%
66I4
671a
68
31%
70% 70%
28I4
28I4
56I4
5612
32 14 32%
9018
150
•50
*93
90%
150
54
96
68
45% 46%
45% 46%
I8I4 18%
8% 8%
I8I4
8%
I8I4
9
34% 34%
29
68
2914
68
34=8
34=t.
•19
20
•55
56
31% 32
31%
72% 73 14 73%
•22=8 23 14 •22%
52
52% 53%
19%
•19
•55
33 14 33% 33%
20
20
20
42% 43% 42I4
22% 23% 23
80
•99
25
56
107
80
99%
25
56
109
•79%
56
32I4
73%
23
53%
33%
20
43 14
23%
80%
•99
100
2414 25
55% 56
1U7 109
82
82
115 115% 116 116%
;o% 20=8 20% 21
66I4
28
55=8
32=8
56
55
32'',
90
•16% 17
55'8
00
31% 33
89% 90
149% 150
148>4l49
*51
*93
•52
53
97
100% 102
IOII2 101 ifl
33 14 331a
17%
36% 36%
28
6714
I714
31% 32
70% 70%
31=8
17
68
37
28% 29
67% 67% 68%
16% 16%
31% 31% 31=8 31%
70% 70% 70
70%
27% 27% •27% 28I4
*16% I7I2 »17
34
34
24% 25
64
43
43%
64 14
43%
106=8 10514106%
40
40
32% 32%
93
100
32%
53%
96
55%
3214
40%
95
95
69 14 701..
113 113
26%
4
1889
1,
1889.
Highest
Oct. 10
Oct. 11
58
38 14
•33
38 14
34
•96% 98
74
74%
99
17
99 Hi
17
2
Jan.
8% Jan.
14
47% Mar. 16 71% Oct. 2
50% Jan. 24 56% Feb. 14
92% Mar. 16 131 Oct. 1
464 33 Mar. 29 36% Jan. 16
10,013 15% Mar. 2 26% Aug. 9
2.999 50% Feb. 26 69% Aug. 9
2.205 29% Feb. 27 45=8 Oct. 17
21.213 89% Mar. 26 111% Jan. 15
1,800 39% Oct. 23 49 >4 Aug. 12
1,415 93% Oct. 31 107% Aug. 13
80,907 60% Mar. 16 75i4June «
1
,044
97
Feb. 25 118
Sept. 30
111%1I2=8 13,450 102% Mar. 27 114% Sept.
141 142
230 135 Mar. 29 144% Sept.
9714 98% 23,410 89% Mar. 26 104% Sept.
•14% 16
400 14 Jan. 15 19% Feb.
•31% 32 14
90
90
89% 89%
149% 149% 148% 148% 149
•51
•93
101% 100
32=8
33
'51
54
96
100
33
93
100
32 14
88
128
88
128
127% 127% 130
•2%
188
189
88
2%
2=8
2=8
2I4
95
32 14
189
88
87
130% 131
2%
4%
2
86
87
131
2%
xl86
32-4
186
81% 85
•150 155
•116 118
85 14 85%
138 138
12
13
9
6
812 33 Jan. 21 42% Feb. 6
145 30% Mar. 18 37 May 23
130 89 Feb. 13 101% Sept 9
4,379
58%
674 96
300 11
1*130
2%
4%
Jan. 16 62 June 7
Apr. 17 36% Feb. 11
Jan. 21 92% May 28
Mar. 18 156 Sept 6
42i4Apr. 51 72% Jan. 16
100 75 Apr. 10 107% Jan. 30
316 85 Apr. 23 105 Sept 20
Feb. 7
81 40
1,612 31% Oct
648 171 Mar. 19 205% Feb. 11
Jan. 2 88% June 6
7,045; 83
15,025 34
1,460 21
3.985 80%
1,664 130
15 144% Jan. 2 153 Feb. 4
211109 Jan. 10 12014 June 6
240 73% Jan. 4 95% Juie 5
10 134 Jan. 19 146 June 18
74 80% Jan.
89% June 7
140 Jan. 23
600 125 Mar.
2=8 Oct 28
605
Apr.
%
•4I4
4%
400
Apr.
4% Oct. 22
1
102 102
875 100 Sept 26 102% Oct. 14
144 15% Mar. 18 18% Sept. 9
16
16
500 4214 Jau. 31 5-2% Oct 14
7 Oct 8 11 Nov. 1
11
11
1,165
29
30
1,810 18%'July 18| 30 Nov. 1
156% May 29
28 144 Jan.
^22
3% June 10
2,131 15 Mar.
279 Sept 20
*240 250
282 241% Jan.
^21
23 Aug. 12
200 14% Jan.
23
37% Oct. 14
35% 36% 3,150 21% Apr.
35 14 Sept 9
500 21 Jan.
32% 32%
•31
39% Feb. 11
400 30 Feb.
37
•6
34% Apr. 22
200
4% Sept
7
62 Nov. 1
Jan.
24,810
31
62
59
^86
86
130% 131
2%
149
53
95
100% 100%
3214
155
117
86
111
183
85
851a
•51
53
96
101
150
116
-84
137
85%
188
52% 55%
32% 32
8914 89%
54% 55%
55=8
32J4
109% 189% 188 189%
85% 84% 84% 84% 8c^% 81% 85
150 155
150 155
151 151
1521415214
110% 118 117 117 117 117 116% 117
•84
85
85
86
85
86
84% 86
137 141 '137 112 137 142
137 142
'187
Express Stocks.
Adams
& Alton
Clnciunati Wash.
16% 16%
•67
"35
28% 28%
115% 116
114
2014 21
Wiscon.siu Central
Do
I714
*67
*36
& Manitoba. 114
&
122% 124
34 14
25
65
400
Lowest.
1,
July 13 7ff%Oct. 15
July 1 103% Aug. 12
July 22 28 14 Feb. 7
140% 141% 84,058 134=8 Apr. 3 151 Sept 6
31
3214 53,648 15 Jan. 25 33% Oct 28
•10
10% 1,019 BUJan. 23 11% Sept 12
7II4 7II4
10 63 Jan. 28 76% Oct 15
21% 21%
116 20 Apr. 24 25 '4 June 14
•92
96
110 86 Jan. 30 97 Mar. 4
3
400
3
2=8 Aug. 6
7% Feb. 8
320 106 Feb. 13 118 Aug 9
117 117
18% 18% ISI4 18% 1,225 16 Jan. 26 20% Aua-. 9
•63% 65
3,850 51% Jan. 4 66i4 8eptll
63% 64
106=8 IO7I4 107 107=8 49,585 99% Mar. IS 107=8 Nov. 1
•90
115 90% Jan. 14 96% Mar. 4
91
91
92
81% 82
28,650. 56>4 Jan. 4 82% Oct 23
81% 82
•39
•38
45
45
37 14 Jan. 7 49% Mar. 8
103% 103% IO314 104
2,»59 90 Jan. 3 109% Mar. 4
14,352 84% Mar. 16 97i4 0ct 31
96% 9714 95% 97
•94
•94% 96
96
51% Jan. 7 97 Sept. 27
'113% 116 113% 116
91% Jan. 7 117% May 28
III4 III4
III4 III4
2.305 10 June 10 14 J^in. 14
68% 7II4 69,760 6414 Mar. 29 78 Sept 12
70=8 71%
*13
211
13
14% 13
Jan. 11 15 Julv 1
8
•99 100
•99 101
350 81% Jan. 12 102% Sept 12
106%
107
4,205
106% 106%
104% July 27 110% Feo. 2
16% 16% 3,667 15% July 13 19=8 Feb. 4
17
17 >4
67 69 •67 69
75 66% Sept. 3 77 Feb. 4
36I4 36I4 •36
37
325 34% July 18 44% Feb. 2
28% 28% 28% 28% 14,100 25% July 22 30% Sept. 11
100 61 Jan. 4 71% Apr. 26
45% 46% 31,285 41% Apr. 1 53% June 25
45=8 46%
I8I4 18%
I8I4 18%
3,425 14% Jan. 5 19% Feb. 7
8I4
8I4
8% 8% 1,496 7% Apr. 18 9% Feb 12
34% 34% 3414 34I4 1,000 30% Mar. 19 37 Sept 23
•18% 20
200 1414 July 15 21 Sept. 23
19
19
56
505 47% Mar. 11 5314 Sept 23
55% 55% •55
32
3,120 25 Jan. 5 36% Sept 5
31% 31% 31
72% 73% 72% 73% 25,499 58% Mar. 16 78% Sept. 3
22 14 22% 21=8 23
2,150 19% Mar. 19 24% Sept, 11
531
5314 •52% 53%
1,915 49 Aug. 16 57 Sept. 27
33 14 33%
4,340 28% July 18 1 64% May 17
33% 34
•19% 21
420 19% Oct. 19 28i4Feb. 13
42 14 43
42% 43 167,930 42 14 July 30 50 Jan. 15
22% 23 14 22% 23 14 14,082 19% July 18 27% Feb. 13
600 76 Jan. 26 81% June 7
81
80
80% •80
-99 100
•99 100
93 Jan. 3 104% June 15
24% 25
140 19 Apr. 1 30 June 12
25% 25%
810 53 Mar. 19 66% Jan. 2
55% 55% 55% 56
30 104 Mar. 18 114% Jan. 12
109 109
109 109
29
200 24% July 17 40% Jan. 14
29
31
200 79% Sept. 19 95% Jan. 18
81
3
116 116%
4,232 92 Apr. 17 121% Oct
116 117
20
8,255 17% Mar. 18 23 Jan. 14
20
20% 20
67I4
"4
"4
1
124.050
68
Nov.
68
56%
July
8
67% 68
400 12% Jan. 3 18% 8ept 12
16% 16% I614 16%
34
31=8
Sept
9
31=8
31
5,350
Jan.
9
24
31%
14
70=8 70% x69
£9% 1,5C0 59% Jan. 5 73% Sept. 12
27% 28% 2?% 27% 1,300 21% July 8 30% Sept. 12
107% 106% 106% 106=8 IO714
•90
•90% 92
92
92
pref
Union PaclUo
TVabash St. Louis
Shares.
55% 55%
55=8
I2314
40
95% 96% 96I4 96=8
93% 94% 94% 96
•94
•94
•94
'94
96
97
97
114 116
114 116
113 115%
114 116
•11
Ilia 11=8
11
11%
11%
10% 11"4
70=8 71 14
69% 70isi 69=3 70=8 70% 71 14
I4I4
•13
•13%
13%
13%
13=8 13=8
I414
*18ia
Do
4%
69
97 14 97 14 *96
95% 96
93% 95%
971a
971a
69I2 TOis
6914 69%
69% 70% 69% 70%|
70>4 70%
112=8 113
1131a II3I2 113% 113% II214II3
1131a 114
1121s 112=8 111=8 112=F 111=8 11218 112 112% 112 112%
141 142
141 142
141 1411a 140% 140% 141 141
98% 99% 98
97% 98I4 98% 99% 97% 98=8
9914
1519 lei^ -15I2 16% *15
161a •14% 16% •14% 16
•37% 38% 36
38
36
381a 38%
37% 37% 33
*33i3 34ifi
34
34
*33ia 35
33% 34% •33
34
•97
*97
96% 96%
98%
98
98
99
75ie 76
7513 7614
74% 7514 74% 75
74% 75
"98% 99'4 99 12 99% 99% 99% 99
99
99% 99%
"16% 18
*16ia 17
16% 16% •16
161s 16%
14313 144
14214 14312 140% 142% 140=8 141% 140% 141%
3214
3118 32%
30
31
3214
31% 32%
301a 3318
IOJ4 IOI4
IOI4 IOI4 •lOM 10%
10
10% IOI4 IOI4
•70
•70
*70
71
71
71% •70
72
71 12 •69
•22% 23% «22
2119 211a
23% •22
23%
22
23
93
*93
93
93
96
96
96
"3'
•3
414
3
4=8
4
4
3%
31a
116 117
116 117
116"4ll7
116 117
1161a 117
•99 101
Nashv.Chattauooga&St. Louis IOOI2 IOOI2 100 100
100 100
New York Centra! & Hudson. IO0I2 1061a 106% 106% 106=8 106=8 106% 106%
New York Chic. & St.
Week,
Friday,
414
68% 69
68%
54% 55
55
541a 5514
123
121131211a 123% 124
34%
341a Si'it •3414 34%
25
25% 25% 25% 24%
65
65=8
61% 65
04%
43% 43% 43% 43-% 43%
105=8 106 19 106 106% 106
68% 69
54% 54%
65 '4 65>s
"40
*95
5%
124% 124%
34% 35>4
25% 26
18% 18%
pref
Lake Shore & Mich. Southern.
X.ouis.
Oct. 31.
JAN.
Range Since Jan.
'
Paul
Illinois Central
Dti
Thursday,
Oct. 30.
69>4
54°e
4t3^ 44%
& Quincy. 106% 106^8
Clilrai^o Btirllnff ton
Wednesday,
Oct. 29.
31''a
124m25
Chesapeake cStO.— Vot.Tr.cert.
do Istpref..
Do
Do
do 2dpref...
Tuesday,
Oct. 28
68'8
54
Canada SoutUurn
AND SINCE
Sales
of the
Monday,
31
PiK'lflo
Central of New Jersey
Central Paolflo
Cluoagu
20.
XLIX,
[Vol.
88
136
2!%
*4ia
-4% 5
5
4%
4% 4% •414
102% 102% 102 102
102 14 102 14 102 102
102% 102%
*16% 17% "16% 17% 16% 17% -16% 17%
17
17
pref. •51
5II4 51 '4
52
51% 51% 5II4 51 14 •51
51%
Iowa Central
IOI2 10%
10% 10% 10% 10% 10% 10% •IOI4 11
Do
pref
•28% 29
28% 2914 29
28%
291a 2912
29
29
Morris & Essex
151% 151%
New York & Northern, pref..
•22
21% 21% 22
22
22
23
New York New Hav. & Hart. *245 250 245 248
245 247
246 246
247 247%
Richmond.tAl'ghany— Tr.rec. '21% 23
•21% 23
•21% 23
21% 21=8 •21% 23
Southern Paclffc Oo
36I4 36=8
36% 36% 36
36=8
35=8 36%
36% 36%
Tol. Ann Arbor & N. M
•31
31% 31% 32
32
32% 32% 32%
Virginia Midland
33 37 34 37 •34 37
35
35
34
35
Cameron Iron it Coal
•6
•5% 6% .'.% 7
•6
7
7
7
7
Tennessee Coal & Iron
53% 53% 5314 55% 55
55% 55% 56
56
59%
Trust Storks, 4c. (Unllst ed.)
Sugar HeflneriesCo
71 14 72%
69
72
67% 70% 70% TS'^s 71 14 7414 7II4 73% 14.5,804
National Lead Trust
22% 22% 21% 22% 21% 21% 2II4 21%' 2II4 22
I914 21% 8t',783
American Cotton Oil Trust
42% 43% 42% 43
41
42% 40% 41=8 36I4 41>4 32% 36% 310,400
DistUlers' & Cattle F. Trust
-37% 40% 39% 41
^41
43
42% 2.482
43
44
41%
43%
44
ripe Line Certificates^..
105 107
105% 108% 105% 108
1 05
107
105% 107% 105% 108
* These are the iwi««a bid and e^ko'i; no sale nude at the
Bi^ari.
\ Cash sale.,
5 Prloes from totU ExoUaagea
pref..
Commercial Cable Co
Denver &Rlo Grande
Do
do
I
I
:
67%
Oct.
I914N0V.
32% Nov.
38% Oct
80
29 126
1
35
1
23'
Apr. 23
24
June 25
.Tune
61% May 29
47% Aug. 16
108% Oct 28
.
November
-
BONDS
2,
THE CHRONICLE.
1869.]
LATEST PRICES OF ACTiyE BONOS AT
N. Y.
Range Since Jan.
Ctoilng.
573
STOCK EXCHANGE, ANB BANQE SINCE JAN.
Railroad bonds.
Kailroad Bonds.
Nor.
1
Oct.
25
Lowest.
.Vo«.
Eighesi.
Oct.
1
1,
1889
Range Since Jan.
Ototing,
1.
25
1.
HlghaU
Lowett.
I
Atl.
& Pac— W.
Guar., 48,
D. luc,
1937
Can Soutli.— l8t
68,
guar., 5s,
1910 13 I).
• 73 3e
190a 108>a
i!d,5«,iyi3
Central of N. J.-l8t, 78, 1890
Cousol. 79, 1899
Convert. 78, 190a
General
uiort., 53,
•223(1
83
I1212 May
1100
May
!l06i2Jan.
1241a J nne
128 '4 Apr.
lOl'sl).
-„„,,
}?9^r
"•
}?i.
!""»
1987
115% June
12012
Leh.ik W.B., con. 79, 1909,a3'nt ...
Am. Dock & Imp., .')», 19'.J1 ...il jo's!).
-
.
.
113
Central racitlc-Gold 68, 1898.. 117 {>•
lOl^^b.
Lanil erant 69, 1890
MortKUK'C 69, 1936
Chcs. i OUlo.-Mort. 68,1911..
5.9,
1939
'
120 8ept.
104 14 Aug
114 July
104^8 July
134 May
100 Hi
Ill •>.
Ches. O. &8o. \V.-68, 1911
Chic. Burl. & No.— l8t, 58, 19^6. 101 b.
Chic Burl. & Q.-Con. 7, 1903.. ;l-'9
103a»b,
Debenture 53, 1913
93 '4b.
Denver Division, 49, 1922
106%
Cousol. 6s, 1934
,
i
&
.
133
123
112
116
109
104 14
'
b.
b.
b.
a.
1
General
69,
'122
1934
Col. Coal & Iron— l8t 6s, 1900. .'102
Cot. H. Val. c&Tol.— Con. 53, 1931 73
75
General cold, 6s, 1904
Denver i; Kio Gr.— 1st, 78, 1900! I19»2a.
77 b.
1st consol. 49, 1936
87
7s,
1893
82I2
94 12 May
108 12 Feb.
Jos.- C0U8.
68,
105
Int.
Gt. No.— l8t, 6s, gold, 1919 104
69
Coupon, 6s, 1909
Kentucky Cent.—Gold 4, 1987.
Kuoxv. lV O.— Ist, 6s, gold, 1925 111
L. Erie & West.- Ist, g., 58, 1937 113
(Si
.
- .
liake Shore.-Cou.cp.,lst,7s,1900
Cousol. coup., 2u, 7s, 1903
127
90
June
116
130
Sept.
117%
Sept.
102 14 May
1
121i2Mch
llSUMay
llSHMay
115i2May
106 Apr.
107 Sept.
105 12 Oct.
122 June
106 Sept.
99% Aug.
100 Sept.
lOii^e June
120 June
1
Louis. South., Ist g. 68. .1917] 98=8
Loui8.8t.L.&Tcx.,lstg.68.1917i 99 b.
Char.—6s, gold, 1924...ll05'2b.
Metro. Elevated— Ist, 6s,1908..lll6 b.
2d, 6s, 1899
105
Mich. Cent.- 1st, con., 78, 1902.1126 b.
Consol., OS, 1902
IllOifib.
Ml). Lake Sh. & \V.— Ist, 68, 1921'124
Conv. debenture, 5s, 1907
'10514b.
Milw. i: North.— M.L., 68, 1910. Ill
a.
l8t, Con., 69, 1913
Il06:%b.
Minn. & St. Ix)Uls— l8t, 78, 1927'
Mo. Kan. & Tex.— Con., 6s, 19201 65 '9
Consol., 58, 1920
59
Consol., 7», 1904-5-6
99
Mo. Pacinc— 1st, cou., 68, 1920.1109 b.
3d, 7s, 1906
Pac. of Mo.— Ist, ext., 48, 1938 98i2b.
2d mort., 78, 1891
MOTB.— The letter "b" Indicates prloa
May
13014 Mivy
b.
1931 116
99 b.
Louisv. &Nashv.— Cou.,78,189S 116%b.
E. H. & N.— Ist, 6s, 1919
115 b.
General, 6a, 1930
114 %b.
Trust Bonds, 6s, 1922
HlO b.
10-40,68,1924
50-year5s, 1937
1105 a.
102i2b.
Collat. trust .5.8, 1931
Louis. N. A. &Ch.— Ist, 68, 1910 I1712
Cousol., gold, 68, 1916
iiom
Mem.
May
112i2 8ept.
Long Island- l9t,
con., 58,
General mort., 48. 1938
JiUv
7412 Jan.
[
I
May
95 "8 Meh.
25 Feb.
116 Feb.
87i3Jan.
124 Feb.
109 13 Jan.
1911.1119
.
10813
Fob.
IO7I3 May
1047s Oct.
I
1
St.
Feb.
Feb.
142
114
123
GulfCol.&Sau.Fe— lst,78,1909:i08ia
70
Gold, 68, 1923
Han. &
40
104
lo7% Aug.
'
C—
May
McU.
9713 Nov.
W. & Deuv.
1st, 68, 1921 104'4
Gal H.& San Ant.-W.Div.lst, 58'
GrB.W.&St.P.- 2dinc. 83, 1911' 13 b.
Ft.
Sept.
102
Dul. & Iron Range— Ist, 5s, 19371
E. Teun. V. & G.— Con., 5s, 1956 105 b.
Eliz. Lex. & Big San.— 69, 1902. '10412b.
Erie— 1st, cousol. gold, 78, 1920 137iab.
Cousol. 6s, 1935.
Feb.
123
Deny. & K. G. \V.— l3t, 68, 1911
95
97
Assented
Deuv. S. Pk. & Pac— l8t,78, 1905 8912a. 87 b.
Dct.B.C. & Alp.— l8t,g.,6s, 1913 104 b. 104%b.
Det.Mac&M.— I.d.Kr.3J29,1911l 33 b.
N y.L.E.&W.—2dcon.6s,1969
Sept.
Jau,
87% Feb
1
Long Dock,
Apr.
ii
116%
109
lUiaMay
114 May
a.
133 12 Meh.
12912b.
109
106
5913
9812
112
b.
1
100
68
Sept.
Oct.
6OI2
OS's
II5I2
121 12
June
Oct.
Apr.
Apr.
102% June
99
!
Sept.
Oct.
Apr.
IO9I2 Meh.
b.
66
1
128
105
Ill
105 12 Apr.
,
bid,
and "a" price aaked
;
all
115i4Jnne
134 Mcb.
!
I
61
115
103
44%
1
I
Jan.
Feb.
Jan.
Jan.
Jan.
106^8 Jan.
1041a Feb.
102% Jan.
66 Jan.
8858 Jan.
7814 Nov.
59,
59
Oct.
51
Oct
,
lllisSept.
94% June
I
,
37 Aug.
'119% May
1
10912
112
10912 Apr.
II214 June
108 Apr.
99 Feb.
38 Feb.
110 Jan.
I
1
'
'
'
Feb.
121
121
121
121
108
122
Apr.
Apr.
Apr.
May
June
Apr.
May
Oct
Oct
11
101
61
10
109
Aug.
Aug.
Feb.
Oct
1181a Sept.
1
i
1
109%
Ool.
100
99
94
Meh.
Mcb.
May
40 Apr.
IIOI4 June
I
June
120
I
10 (la June
8213 June
May
105
I
12113 July
120 13 Jan.
11213 July
iU2isMay
117 14 Oct
117 Apr
IlljiaJuly
90 Apr.
I
51i4Sept
Aug.
104
101% Sept
89I2 Jan. 103% Sept.
93i2 Feb.
l8t,StL.Div.,78,1889,Tr.rec'
2d,exteud.,78, 1893, Tr.rec 103'3b. 102 13 187 Jau.
Con., conv., 7s, 1907, Tr.rec. 100 b. 100 b.' 85
Feb.
Gt West— l3t,78, 1888,Tr.rec.'
89 Jan.
2d, 78, 1893, Trust receipts. 103 b. 102i2b.' 86
Meh.
West Shore— Guar., 48
105% 105% 1102% Jau.
West N. Y. & Pa.— 1st 5, 1937.1 95 a. 96 b.' 95i4Jan.
3314 Auff.
2d mort, 3g., 58C.,1927
98''8 Jaiu
West. Un. Tel.- Col. tr., 5s, 1938 102 "ab. 103
Wheel. A Lake E.— Ist 58, 1926
105 a.'l02 Apr.
'
Apr.
90
92 13
'
'
June
107
100
I
'
July
lO.Tia
10012 July
1
'
110
121%.Tune
103% June
I
'
June
115
.
'
May
May
May
119% July
'
&W.— Ist ext, 79, Tr.rec'
94% May
103
1
Tol.
9413 Jan.
82% J an.
6214 Jau.
871a May
7018 Aug.
I
1
'
May
110
10913 Feb.
76I3 Meh.
1
C—
80% June
106 Oct.
110713 Apr.
1
1
June
II514 June
i
1
May
lOO'sFeh.
76I4 Jan.
58 Jau.
2d mort, 6s, 1916, Drexel eert
26 Jan.
Rich. iiDariv.— Con., 63, 1915..
114 Jan.
Cousol. gold, 58, 1936
80 b. 86 Jan.
Rich.&W.P.Ter.—Trust 6a, 18971 9914b. 99i8b. 96 Feb.
119 b, :113 Jau.
Roeh. APittsb.- Con. 63, 1922..1
'108 b. 1061a .Tune
Rome Wat. & Ogd.— Ist 7s, 1891
Consul., extended, 53, 1922...'108i4 llOSis
108 Oct
lOf I4 104 Jan.
St Jos. & Gr. Isl.- Ist, 69, 1925
8t L. Alt & T. H.— l8t 78, 1894 113i2b.ill3%b. Ill July
110 a. 105% Feb.
2d, mort., pref.,
7s, 1894
r
_
2d, mort, iuoome, 7s, 1894... 1103 'b. 107 b. 104 13 Jan.
7913
St L. Ark. & Tex.— 1st 6s, 19361 82
77 July
29''8
2d,6s,1936
28%
25 May
St L. & Iron .Mt— lat 7s, 1892.;i06i2b. IO6I2 IIO5I2 Aug.
Il05i2b.'109 b. ilOo Jan.
2dmort.,73, 1897
Cairo & Fulton— Ist 78, 1891. 102 i2b.ll02'8b. IOII4 Julv
CairoArk. &Tex.— lst,7s,1897;104 b.1105 b. '102-'^ Aug.
Gen. R'y& land gr., 59, 1931.1 SSMb. 8514b. 81 Jau.
St L. & Sau Fr.— 6s, CI. A, 19U6'115%b.'ll8i3b. 116 Jan.
115:'.b.ill9
6s,Cla.9sB, 1906
115% Jau.
ill5%b.lll9
6s, Class C, 1906
11513 Jan.
'llSija. II518 Jan.
General mort, 69, 1931
General mort, 59, 1931
101 '4 Jan.
121i2a. 118 Jan.
8.P.M.&.M.-Dak,Ext,69,1910
Ill8% 11813b. II512 Jan.
lstcon9ol.,68, 1933
Do
reduced to 4 133... 100 b. 10113a. 98I4 Jau.
96I4 Feb.
Collateral trust, 58, 1898
llOO
100
Montana Ext. Ist 48, 1937... 88 b. 88 "4
8314 Jan.
Shen.Val.— 1st, 7s, 1909, Tr.rec '10014b.! 9458b. 871a -^pr.
38ia
General 69, 1921, Trust rec... 41
31 Jau.
SouthCarolina- 1st 68, 1920... 96 a.' 96 b. 90 Jau.
2d,68,1931
60 a.1 60
47 Jan.
Income, 6s, 1931
5 Sept.
So. Pac, Ariz.— Ist, 6s, 1909-10. 108 b. 108 b. 104 13 July
So. Pac, Cal.— 1st 6.3, 1905-12.. 115i3
114 Jau.
So. Pac, N.M. —Ist 6s, 1911 ...108 b. 108 b. 105 14 July
95I3
Tenn.C. L&Rv.— Ten.D.,l3t63' 96
89 Jau.
Birm. Div., Ist, 68, 1917
98
99
89 Jan.
85 12 Meh.
Tex. c& Pac— 1st, gold, 5s, 2000 9013b.' 91
37
2d, gold, income, 5s, 2000
37
34 Meh.
ToL A. A. & N. M.— 1st, 68, 1921 103 b. 106
99 Meh.
Tol.A. A.&Gr. Tr.— 1st 6s, 1921 115 a 112
103 Jan.
101 %b. 101 Jau.
Tol. & Ohio Cent— Ist, 5s, 1935 IOII3
Tol. Peo. ,& West— Ist 4s, 1917..' 75 b.
74 Apr.
92i3Ja"n.
Tol.StL. & Kan.
1st, 69,1916 10314
103%
Union Paciflc— 1st, 6s, 1899 .... 119%b. 119%b. 115 .lau.
SinkiuK fund, 88, 1893
114'8b. 114iab. 114
Sept
Kansa.s Pacitto— Ist 6s, 1895 .111 b. llO'^sb.'llOio Aug.
l.stOs, 1896
112 b. lll'sb. 10913 Jan.
Denver Div.—68, 1899
116 b. II212 May
113
11312b. 116 b. 112 Jan.
1st cousol., 68, 1919
Oreg. ShortLiue- l8t,6s, 1922 113'ab. llS^sb. Ill
Fob.
Virginia Mid.— Gen. m., 5s, 1936 86>«b.| 89 a.[ 78% Jan.
Wab. StL. &P.— Uen.,6s,Tr.reo.' 48 b.'
37 Apr.
ChieagoDiv.— 5s, 1910, Tr.rec'
88 "s Jan.
Wabash— M., 78, 1909, Tr. rec. 100 b.'lOlisb. 86 Jau.
.
Aug.
83i3 9ept
July
Jan. 121 June
Jan. llSVtSept
6018 Oct
Jan.
71 13
102
110
102
101 la
& All. -Ist, 7s, Drexel cert
Rich.
117
07% Jan. 110
103% Jan. !112
. . .
2d mort,
May
June
July
Feb.
10311 Juno
11913 Sept.
121% Apr.
12078 !MSy
I
.
June
9814
121
13813
II6I3
115
I
1
June
99
135
125
105
137i3June
'
'
1..-.
1927
Apr. Phila. & Read.— Gen. 4s, 1958. .1 8913
Isf pret. income 53, 1958
June
'S^
59
Sept.
2d pret. income 5s, 1958
Apr.
3d pref. income 59, 1958
Feb. Pittsb. & West— 1.9t, g., 48, 1917
13812 June
10812 Juno
12413 May
100 Feb.
13813 June
,107i«Jiuie
107 Feb.
'
May
98% May
Chic. K. I. & Pa«.— 69,coiip.,1917 137 a.
165%
Extension &. col. 5s, 1934
Chie.St. P. M. &0. -Con.63,1930 I2OI2
'IO414 Apr.
I
I
Oct
Oct
CO
I
I
I
Ch.St.L.& Pitt.— lst,cou.5s,1932 91
CIcve.&Cantou—lst, 5.8, 1917. 95
C. C. C. & I.— Cousol. 78, 1914.. 131
63. 1927.. I18>ab. 118«ab..112% Feb. liao
I
Minn. Div.— 59, 1921
105 b.
Terminal 58,1914
Chic. & N. W.— Consol. 78, 1915. 143%
1130 a.
Gold, 7s, 1902
H15 b.
Sinliim,' fund Os, 1929
il06%b.
ginkiuf? tuud 59, 1929
debeut.
Bmkiug lund
53, 1933 112 b.
25-year debenture 58, 1909. ..[105 b.
98>2a.
Estentiou 48, 1926
Chic. Peo. & St. L.— GUI. 59, 1928
.
& Ohio-New,
59
Qenorol mort, 48, 1938
»8»a
41% Jan.
103
Mutual Un. Tcl.-S. t., 69, 1911. 100
09 Jan.
I33iab.
b. ;129
133
Nash. Ci. & St. L.-lst, 78, 1913
Jan.
Consol.5.s, 1938
Od'^Jau.
I0512 jl03% Nov.
N. Y. Central— Extend., 58, 18931103%
N. Y. C. & IL— l8t, cp., 78, 1903 133 b. I34I3
132% Oct
112 a. 111 Jan.
Debenture, 58, 1904
N. Y. & Harlem- l8t, 7s, 1900 1 27 b.
129 May
N.Y.Chlc.&St. L.— l8t,48,1937 93i8
9314
91«8Ja-i.
N. Y. Elevated- l8t, 7s, 1906... 110 b. 116%
116 Jan.
In. Y. Lack. &\V.— 1st, 63, 1921. 135 b. 135 b. 131 "3 Jan.
llSiaa.'
Cons'.ructlon, 5b, 1923
'Ill '4 Feb.
N.Y. Out. AW.— l8t, 68, 1914. .'Ill's
'll0i3Mch.
lei's
IN. Y.Su8.&W.—lstref., 59,1937 loi'a
91 Jan.
MldlaudofN. J.— Ist, 69, 1910 11514b. 115 b. II414 Apr.
iNorfolk & West.—Gen., 6s, 1931117 b.il20i2b. 117'4Jan.
[North. Pac— 1st, coup., 68, 1921114
114140. 113'^ Nov.
Il09!^b.'110%
General,
2d, coup., 1933
109% Oct
...
jjjg.^
9612 May
General. 3d, coup. 68, 1937
108% |107i2
llOS^ga.
9558 Apr. No. Pac Ter. Co.— Ist, 6s, 1933.
120 July !OhtoInd. & West— 1st, 5s, 1938 80 b.i 80iab.
I2712 Sept. Ohio & Miss.- Con.80l., 78, 1898. 117i3a.'118 a.
llll%b.
104% Aug. Ohio SoHthern- l8t, 69, 1921 ...'112
J 01
£8 b. 59
May
2d, income, 68, 1921
IOC June Omaha &.«t L.— 1st 49, 1937.. 75 b.] 75 b.
13012 June Oregon Imp. Co.— l9t, 69, 1910. 105 b '104''8
117i2 6cpt. Ore. R. &Nav. Co.— Ist 6s, 1909:n2iab. 11213b.
Il05%a. IO512
121
Sept.
Consol., .59, 1925
109% June Oregon A: Transcon'l—6s, 1922. 103 b. IO6I4
108 12 June Penn. Co.— 4139, coupon, 1921. .IHmb. 11114b.
108 June Peo.Dec&Evau8.—lst6s, 1920 105 b IO512
149 Aug.
Evau8V.Dlv.—l8t 68, 1920... 1103 b.'lOliS
I
General cousol. l8t, 58, 1937 .. ll'Oia
Chic. Gas. L.&C.-lst,g,58,1937 95 b.
Chic. & lud. CoalK., 1st, 59,1936 102 a.
Chic. Mil. & St. P.— Con. 79, 1905 12714b.
l9t, Southwest Div.— 68, 1909. 116'2b.
1st, So. Min. Div.— 68, 1910 .. 116>4b.
1 St, Ch.& Pac.W.Dlv.— 58,1921'
Mi.«.
Oct.
Mobile
,
92
120-^.
Kebra.ilia Extcu9iou 49, 1927.
Chic. <fe E. 111.— 1st, 8. f ., 68, 1907
May
May
I2OI4 Juno
10513 Feb.
108^8 Meh.
....
1 8t con8ol.
Feb.
Fob.
'
I
'
I
IO313 Aug.
Oct
104
101
103 12
102 la
Aug.
July
June
109% June
Apr.
101
Feb
June
44
'106
IllO
Aug.
other prtoe3 an! the raage are from actual sales.
STATE BONDS.
SECURITIES.
SECURITIES.
Bid. lAsk.
Bid.
SECURITIES.
Ask.
Bid.
I
Ask
I
Aliibama- Class A, 4 to 5
1906
Class B, 5s.
1906
Class C, 48
1906
68, 10-20
1900
Arkansas—68, funded. .1899-1900
79, Little Rock & Fort Smith iss.
78. Memphis & Little Kock iss...
7s. Arkansas Central KU
Georgia— 79, gold
1890
I.«nisiana— 78, cone
1914
105
100
101%
New York—68, loan
12
68,
7
102
105
1890 10612
10
89'
New
bonds,
J.
Chatham RR
&
Rhode Island— 6s,
cou.. 1893-1 894
SouthCarolina— 68, non-fund. 1888
I
18921 IOSI4
1893 IO8I4
loan
North Carolina— 6s, old
Funding act
8
8
8taHipe<l 48
Michigan— 78
103 le Mi3.3ouri— Os
due 1889 or 1890 101
111
Asylum or University, due 1892 104
1894-18951 110
Funding
J.
& J.
35
40
5
4
1893 102i»104
Brown consolidated, 68
67
1892-1 898
Tennessee— 6s, old
77131 79
1912
Compromise, 3-4-5-68
1913 1061s 109»9
New settlement—68
1913! lOlia.
1900
10
5s
J.... 1892-1898
20
5
38.::;.............;;.
Special tax. Class 1
Cousolirtatcd 4s
6«
1010
1910
—
Virginia 68, old
5
8
68, consolidated bonds
96I4 9314
68, consolidated, 2d scries
126
68, deferred, trust rccelpta
1913
74
814
74>«
—
—
1
"
THE CHRONICLR
674
[Vol.
XUX.
BONDS-STOCK EXCHANttE QUOTATIONS ON FRIBAY OP THE LESS ACTIVE RAILROAD BONDS.
8ECUEITIE8.
Bid.
Ea.st
97
* Ohio—1st, 6s, Park B.1919
100 >4;
1919 "117
2d, extended, 58.
1923 108
3d, extended. 4I2S
19201 117
4th, extended, 58
5th, extended, 48
1928i 103
1920
1st, cons., frt. coup., 7s
1908 105
Reorg., 1st lieu, 6s
1016t 142
B. N. Y. & E.— Ist, 7s
N. Y. L. E. & W.— Col. tr.,68.1922
119»a
1925; 106>2
5s, gold
OOUH. mort., cold,
110
90
100
1988
1936
Tis
92ia
Tenn.— Eq. & Imp., g.. 5b 1938
Mobile & Binn.— lat. g.,5»..1937,
Alabama Contral- 1st 68..-1918' 114
1897 118
Erie— lat, extended, 78
Railroad Konils.
(Swrk Fxrhanur h'rires.)
Atlantic A- Danv.— 1st g., 6s.. 1917,
Atl. it rai'.— 2dW. D.,cu. tii,,.1907'
Bait.
Bid
8ECUBIT1ES.
Ask.
SECURITIES.
ABk.
Bid.
Ask.
93 1« Northcni Paeiflc— (Continued)—
95
La. M. ife Mo. R.— 1st, 58. .1937
North. Pac. A: -Mon.— 1st. 6s. 1938 101
120
CcBUr d'Alene— 1st, Oa, gold. 1916
1938
Gen. 1 at, gold, 6s
Cen t. WaaUiugton- 1st ,g.,68. 1 938
. .
Norfolk
New
& Western-
1932 112 115
1934 111
1924 112
BrookLvn Kiev.— 1st, r., 6s... 1924 110^
1908
90
1915
2d, 3-r>9
98
ClincIiVal.D.-lst.oqiUp.
9913
58.1957
106
1061s
Uiilou El., l»l, Knar.,6a....l937l
Ogd. & Lake Ch.— 1st, con. 6a. 1920
91
1969 89
Funded coui)., 58
Bnmawlck &• Wpst.— l8t,K.,4s.l938i
Ohio
A', Missiasippl
1977
6a
100
Income,
Bufl. Rocli. i Pitts.— Gcri., 38.19371
97's
"92 12
II7I4
Cons., Sinking Fund, 78.... 1898
Buff. & S. W.— Mortg. 68.... 1908
Koch. A- Pitt8.— 1st, 68
192l| 119
10512
2d oonaol. 7b
1911 122"
1909
JelToison— lat, gu. g. 58
100
Burl Ced. Rap. & No.— Ist, 5s.l906|*
.Spiingtlcld Div.— l8t 78
1905
Eureka Springs R'y— l8t,68.g.l933
95
Consol. Si collut. trust, 58. .19341 87
General 5a
1932
Evan. & T. H.— 1st, cons., 68.1921 *H8is
Minn. & St.
l8t, 7s, gn.. 19271 100
Ohio River RR.— 1st, 5s
1 936 100
19231
Mt. Vcmon— 1st «8
Iowa C. & West.—lBt> Ts. .1909 98 105
mort.,
gold,
115
General
Ss
1937 85
cons.
.19261
Indian.lat,
*
Evans.
95
Ced. Eap. I. F. & N., let, 68.1920
Oregon A California- 1st, 53.1927
Flint & P. Marq.— Mort., 68.. .19201 i22
l8t, 5s
1921 ^
ids' Pennsylvania BR.—
1939!
1st con. gold, 5s
Central Ohio Beor.— 1st, 4128.I93O 102
Pltts.C. & St.L.- Ist, cp., 78.1900 117
101
Fla. Ceu. & Pen.— 1st g. 5s.. ..1918]
Cent. RK. & Bank.— Col.g.,5a. 1937
103
Pitts. Ft. W. & C— 1st, 78... 1912 145
1st,
Ant.—
6s.l910t
102 ifl Gal. Har. & San
8av.& West.— 1st con. K.,58,. 1929.
2d, 78
1912 1441a iisU
1905 101
2dmoit.,7s
Cent of N. .1.— Conv. deb., C8.1908i*119'2
3d, 7s
1912 140
1927
981a:
106 Jfi iGa. So. & Fla.— 1st, g. 68
Lehigh A: W. B., M. iSs
1912'
Clev. & P.—Cons., 8. fd., 78.1900!
901a
(Jrand Eap. cfe Ind.— Gen. 5s..l924(
Central Pacific— Gold bd8.,6s.l895i 114
105
83
4th,
sink,
fund,
68
1892
1911
Green B. W. & St. P.— Ist 68..
Goldbond.s, 6a
1896i 114
St.L. V. &T. H.-lst,gu.,7B.1897i 1151937 103 12
Housatonic— Cons, gold 5s
GoldboudH, 6s
1897' 115
IO6I2
116
2d,
1898
115
7s
H0U8.& Tex.C— 1st, m. 1. 78.Tr.rec.
San Joaquin Br., 68
1900' 114
1898 106
2d, guar., 78
West Div. 7a,Trust re,celpt8.1891 115 116
Cal. & OrcKon— Ser. B, 6a. .1892 103>s
110
105
Peoria
Uion—
..1921
&
Pek.
Ist,
68
1901
12
l8tWaco& Nor.—7s
West. Pacific— Bonds, 6a. .1 899 llSSg
63
2d mortg., 4123
1921
No. Railway (Cal.)- 1st, 6s. 1 907
2d m.Se.M.i. Trust receipts. 1913 120
Pine Creek Railway— 6s
80
1932:
77
Gen. mort.63,Tiust receipts. 1925
Ches. & O.— Pur. M. fund, 6s. 1898 I15»a
Pitts. Cleve. & Tol.— Ist, 6a.. .1922
nilnois Central— 1st, g., 48 . .1951 109
68, gold, series A
1908 117's 119
Pitts. Junction— lat 6a
1922 id9
95
1951
Ches. O. & 80. West.- 2d, 6s.. 1911 * 78
lat, gold, 3 "23
79
Pitts. Mc. K. & Y.— 1st 6a
101
1932 115
1952
Chicago & Alton— 1st, 7s
Gold 4a
1893 110 111
Pitts.
Paiusv.
&
F.—
5s...
1916 100
Ist,
Sinking fund, 63
Sprlngf. Div.— Coup., 68.... 1898 112%
1903 121ia 123
Pitts. Y. At Ash.— 1st, Ss
1927
19211 115
Louis. & Mo. River— Ist, 78.1900
Middle Div.— Reg., 58
120
Presc't A' Ariz. Cent. Ist, 6s,g.l916;
2d, 7s
C. St. L. &N. O.—Ten.l.,7s.l897l
1900 118»2
2d income, 6s
1897*
122
1916
St L. Jacks. & 01110.-181,78.1894 IIH4 112
lat, consol., 7s
Rich.
& Danv.— Debenture 6a. 1927 idi
1907
Ist, guar. (.564), 78
2d, 6s
18941 IIII4 112
118
Atl. & Char.— 1st, pref., 7s. .1897! 108
1951
Gold, 5s, coupon
2d mort. (360), 78
1898 135
"79%
Rich.& W.P.Ter.— Con.c.t.,56.1914, 70
101
Meiup Div., Ist g. 43
19511
2d, guar. (188), 7s
1898 115
R.W.&0.— No. &M.l8tg.gu.5a.l916
Mlsa.K. Bridge— 1st, a. f., 6s.l912i 105>2
Dub. ckS. C- 2d Div., 78. ..18941
Rome W.AOg.Term.—lstg.5s,l 918
82
Chic. Burl. & Nor.— Deb. 6s... 1896
C«d. Fall8&Minn.—].st. 78.. 19071 76
et, Jos. ik Gr. Is.— 2d inc
3S
1925 35
Chic. Burling. & Q.— 5s, s. f..l90li IO412
Ind.Bloom.&W.— Ist, pref. 7s. 19001 116
84
Kan. C. & Omaha— 1st, 5s. .1927
88
Iowa Div.— Sink, fund, 53.. 1919 112
Ohio Ind. & W.— 1st pf., 5s.. 1938
Al.
55
St.
L.
&
T.
H.—
Div.
bonds.
1894
45
Sinking fund, 48
lud.
Ohio
&
West.—
2d,
58.
.1938
97
19191 95H!
Bellev. & So. 111.— Ist, 83... 1896 i']7"
Plain, 4a
91^4 92
I.B.&W., con. inc. Trust receipts
1921
1923i 108
Bellov. & Car.— 1st, 6s
Ohlc.MU. & St. P.— 1st, 8s,P.D.1898l 126
Ind. D. & Spr.— lat 78, ex. op.l906 101
127
Chi.St.L.AiPad.— l3t,gd.g.5s 1917 100
88
2d, 7 3-lOs, P. D
Ind. Dec & West.—M. 5s;. ...1947
18981*116
"86'
82
St. Louis 80.— Ist, gd. g 4s. 1931
l8t,7e, $g.,R.D
19021*125
129
2d M., inc. 5a
1948
82 38""
Car. & Shawt.— Ist g. is.
.1932
Ist, La Crosse Division, 78.1893 1 13% II418! Iowa Central— 1st gold, 5s
1938
881s 891s
20
St. Louis & Chic— lat, con. 63.1927
l8t,L& M., 7a
Kan. C.Wyan.&N.W.— lat, 58.1938
1897 117'4 118
St, L. & I. M.— Ark. Br.,lst, 78. 1895 10608
Ist,
D., 78
IKings Co. Elev.-Ser. A,l3t 5sl925 IO4I2 105
1899 119
124I2
St.
Louis
&
San
Franciscol8t, C. & M., 7s
80.
Lake
Shore
&
Mich
1903
lat, 68, P. C. &
1919 105
Ist, I. & D. E.xtension, 78. .1908 126% 12912
Cleve. P. & A.— 7s
1892 105
Equipment, 78
1895 105
l8t. Southwest Div., 68
Butr. & Er.— New bouda, 78.1898 119^8
1909 II6I2 118^2
lat, trust, gold, 58
Ist, LaC. &Dav., 5a
1987 "97" "ds"
Kal. & W. Pigeon— 1st, 78.. .1890 101%
1919 104
100
Kan. City & S.— lat, 6a, g.l916
l8t,H. & D;, 7s
Det. M. &T.— 1st, 73
1906 130
1910 '126^2
l8t, H. & D.,5s
Ft. S. & V. B. Bg.— lat, 6s. 1910
104% Lake Shore— Div. bonda, 7s. 1899 120
1910
95
Chicago & Pacific Div., 6s.. 1910 118 120
St.
L.
K.
&80.
Wn.—
Ist,
63.1916
107
Mahon'g Coal RR.— lat, 58.1934
Chic. & Mo. Riv. Div., 5s... 1926 104
Kansas Mid'd.— lat, g. 4.S.1937
104 12 Litchf. Car.& West.— 1st 68. g.l916
98
Mineral Point Div. 5s
St. Paul & Duluth— 1st, 5s. ... 1931
Long Island— Isf, 73
1910 103% 107
1898 120
C. & L. Sup. Div., 5s
2d mortgage 5s
1917
N. Y. & E'way B.— 1st, g. 58.1927 100
1921 IO3I2
Fargo & South., 68, Aasu...l924
St. Paul Minn & M.— Ist, 7s. .19091
32
2d mortg., inc
1927
Inc. conv. sink, fund, Ss
2d mort., 6s
1909;
N. Y. & M. Beach— l3t, 78. .1897 "110 115
1916 100
Dakota & Gt. South., 58. .1916 100
Minueai). Union- lat, 6s
1922
103
N. Y. B. & M. B.— 1st, g., 58.1935 * 99
Gen. mort. c. 48, ser. A
Mont. Cen.— 1st, guar., 6s.. 1937
Brooklyn & Mont.— lat, 6a. .1911
1989 96
Ohic&N.W— Esc&L.S.- lst,68.1901 111
Ea.st.
Minn.,
1st
div.
1st 58.1908
lat, 5s
19111 II014 iii'
Des M. & Minn.— 1st, 7s
;San Ant. & Arana.— l8t,68,'85-1916
Smithtowu&Pt.Jeff.- l3t,78 1901] 110
1907 127
Iowa Midland—Ist, 8s
lst,6a, 1886
1926
Louis. &Nash.—Ceeil.Br., 78 .19071 103i«
1900
Peninsula— l8t, conv., 7s... 1898 120
N. O. &M.— 1st, 6a
1930 116=8 1171a San Fran. & N. P.— Ist, g., .58.1919
Chic. & Milwaukee— Ist, 73.1898 *I20
!Sodu8 Bay & So.— Ist, 5.a, g...l921
N.O. &M.-2d, 63
1930 105
Win. &8t. P.— 2d, 73
ISo. Pac, Cal.-latcon. Sa
1938
Pensacola Division, 68
1907 *131
1920| 105
Mil. & Mad.— l.st, 6s
So. Pac. C'oast— lat, guar., 4s. 1937
1905 lien,
St. Lonis Division, lat, 6s... 1921
116
Ott. C. F. <fc St. P.— lat, 53. .1909 108J4
iTexaa Central— 1st, a. f., 78. .1909
2d, 3s
1980! 65
Northern 111.— Ist, 5s
1st mortgage, 78
1911
1910 107
Naahv. & Decatur— 1st, 78.. 190o! 120 122
Chicago Eoek Island & Pacilic—
Texas A New Orleans— lst,7s.l903i
8. & N. Ala.— 8. f., fis
1910!
Des Moines & Ft. D.— Ist, 48.1905 83
SaWno Division, 1st, Os
1912!
Pens. & At— lat, 6s, gold... 1921! lOOSg 107
Ist, 2I28
Nash. Flor. & 8. lat gu. 5s.,1937| J 00 100^8 Tex. & P,ic, E. Div.— 1st, 6s. 1905,
1905 ' 50
Extension, 4s
Tol. A A. & Cad.— 6s
1917
82
1905
Lou. N. O. & Tex.— 1st, 48. . 1934
901^
Keokuk & Doa M.— 1st, 5s. .1923 103%
1919'
jTol. A. A. &Mt. PI.— 6s
2d mort., 5a
1934! 40
Chic. & St. Louis— 1st, 6a
1 s96
Union Pacific- Ist, 6s
1915
Mexican National— lat, g., 68.1927i"
102
Chic. St. P. & Kan. City— Ss.. 1936
1897
2d, income, 63, "A"
1st, 6a
62
1917!
Minn. & N. W.— lat, g., 5s. .19.34
1.898
1st., 6s
2d, income, 6s, "B"
17
1917
Chic.St. P. & Minn.— Iat,6s...l918
Collateral Trust, 6s
1908
Michigan Central— 6s
1909!*
129
120
No. Wiaconsin— l.st, 6s
Collateral Trust, 5s
1907:
1930
Coupon, 5a
193iriI4
St. Paul &8.
1st, 68
1895)
Jack. Lan. & Sag.— 68
C. Br. U. P.— F. c, 78
1919 124 12518
189l! 102%
Chic. & W. Ind.— lat, s. f., 6s. 1919 *116
97
Ateh. Col. A: Pac— lat, 6s... 1905; 94
Miiw.L.8.&W.— Ext. & Imp.,58."29i IDoM 106
General mortgage, Oa
100
Michigan Division, lat, 6s.. 1924' 110% 117
Atch. J. Co. & W.— lat, 68.. .1905; 92
1932 "1191..C
Cin. Hani. & D.— Con. a. f., 78.1905 "124
Aahlaud Divisian— lat, 6s. .19251 117 11712, Utah Southern— Gen., 7s ..1909 1151a 118
2d, gold, 4I2S
1909' 112
Exten., l.st, 7s
Ineomea
1937
104 108
Cln. I. St. L.& Chic— l8t,g.,48.1936
U. P. Lin. At Col.- Ist.g., 53.19181 102
1021s Minn.&St.L.— I'a Ex., I8t,7s.l909i 85
Consol., (ja
Norlhern—
A:
Gen.,
53.19261
1920
Utah
2d mortg., 7s
1891,* 50
59
Cin. Jack. & Mac— lat, g., 5s. 1936
Valley R'y Co. of O.—Con. 6s. 1921
Southwest Ext.— Ist, 78
1910J' 68
CLCol. Cin. & Ind.— Ist, 7a,8.f.lS99
1939
Pacilic Ext.— lat, 68
Wabash— 1st, gold, 5s
i23
1921
Consol. aiiik. fund, 78
Wabash St. Louis & Pacific1914
Impr. & equipment, 6a
1922
Clove. A- Mfth. V.— Gold, 5s. ..1938 104
Equipment bonds
1883
Minn. & Pac— lat mortg., 5s. 1936
Colorado Midland— 1st, g., 68.1936 104
St. L.K.C.AN.—K.E. ARE. 73.1895
Minn.8. 8te. M. & Atl.— 1st, 58. 19261
Columbia* Giecn.—l8t, 68.. 1916 100
St.Charles
Br'gelst,6s.
1908
Missouri Pacilic— Tru8t,g., 58.1917'*
1.0
2d, 6a
1893
192(!!
No. Mis.oouri— 1st, 78
80
Mobile & Ohio- 1st ext., 6s.. .19271 107
Ool. & Cin. Midland— lat, 68.1914
^
Warren A Frank.— lat, 7a. .1896
lat prof, debonturea
90
Del. Lack. & W.— Convert. 7a,ia92 *108'2
West. Va. C. & Pitt3.— Ist, 6s.i911
St. L. & Cairo^a, guar
1931
77
Mortgage 78
1907 134
Wlscon. Cent, Co. -Istg. 5s... 1937
Morgan's La. &T.— lat, 6s
1920
116
Syra. Bliig^& N. Y.— lat, 7a.l906 '133
Ineome 5s
1937
1st, 78
19181*123
1341a
Morria & Essex— let, 78
1914 145»s
Nash. Chat. & St. L.— 2d, 6s..l90l!
2d, 78
IfliMecllaiieous Bonds.
1891 106 ib6% New Orleans «fe Gulf— lat, 6a .1926J
Bonds, 78
1900
N. O. At. No. E.— Pr. 1., g., 6s.. 1915;
Am. Water W. Co.— 1st 68.... 3907
78of 1871
136" N. J. Junction— Guar. 1st,
1901
1907
1 St con., gold, 5a
4s. 1986,
104
1st,
con.,
guar.,
78
J4312I
1915;
146
N. Y. N. IL & H.— 1st, reg. 4s.l903-110i4
Boaton Un. Ga.a— Tr. eer. 58..1939
_
Del. & Ilud. Canal- Ist, 78...1S9] 105
106
N. Y. & Northern— 1st, g.. 58.19271 109
Cahaba Coal Min.— lat g. 78.. 1907
1st, extension, 78
98
1S91 103
Col. A Hock. Coal&I.— 6a,g..l917
2d, 4s
19271 54I2
Coupon, 7s
1S94 112"4'
N. Y. Susq. & West-Deb. 68.1897!
Conaol'n Coal— Convert. 6«. ..1897
Pa. Div., coup., 78
102
1903
1021a
1917, I44J2
A
F.—
at
6a
Equitable G
1
2d, 412S
19371 79
Albany & Siiaq.— ]st.gu.,7a.l906 *132
N.Y.Tex. &Mex. -Ist, 4a... .19121
iHaekensaek Water— 1st, 53. .1926; 104
Ist, cons., guar., (Is.
190(> 1 20131 217s Northern Pac— Divld. scrip ext...! 102
rHenderaon Bridge- lat g. 68.1931 108
Eens. A Sar.- 1st, couj)., 7a.l921
1901
15113
Jamca River Val.— 1st, 6s.. .1936*
109 'Iron Steamboat Co.— 6a
Denv. & R. O.— lmp.,g., 5a. ..1928 83
Spokane
;People'sGasAtCoke ( lstg.63,1904;
86
Pal.— l,st, 6s
1936;*
109
IhiL Ho. Sh. & Atl.- Gold 5a.. 1937
9314' 93I2
103
2d g. 63,1904
St. Paul A- N. 1'.— Gen., 68.. 1923; 119
Co., Chicago
121
B. Xcnn. Va. & Ga.— Ist, 7s... 1900
HelenaA[RcdM'n—lat,g., 68. 19371
Philadelphia Co.— Ist s. f. 0s.l898!
1241a
102
Divisional 58
1930,
Dulnth&Maultoba— l8t,g.68l936' I07I2
We.at. Union Tel.— Coup. 7a... 1900 114
let ext.. gold, 58
1937'
f. Oa.lOOS a 04
Dul.A-.Man.Dak.Dlv.- Iat6al9.37 1071.,. io^' Whitelu'at Fuel— Gen.
Beech Crock— Ist,
Best. n. Tim.
Kold, 4s
& W.— Del).
58.1913
111
104
River, lat, 68
Imp. Ai Ext., 6s
Adiustment M., 7s
Equipment, 5s
.
U—
. .
'
—
1
I
.
. .
.
,
i
,
f
'
'
. .
L&
.
. .
1
'
.
. .
.
1
. .
!
C—
i
'
1
j
. .
. .
i
:
.
I
cfe
S
I
I
'
1
*
No
price Friday: these are the latest quotations
made
this
week.
,a.
k
1
.
NOVBHBEB
New York
'IHE CHBONICLE.
2, 1889.]
Bank Statement for the week ending Oct.
We omit two ciphers (00) in all oanet.
City
20, 1889, is as follows.
Banks.
Dapital.
Loan*
Spteit,
2,040,0
1,343.0
1,77."),3
1,87.'S,6
11,430,0
»,013,0
6.760,2
S,466,0
10,264.5
640,0
4,69'i.O
624,0
aumltu.
DepoHU,
LegaU,
SECURITIES.
2,000,0
2.050.0
2,000,0
2.000,0
3,000,0
1,000,0
1,000,0
1,000,0
300.0
600,0
1,000,0
ManhfttbtD Co
Merchants'
Ueohaiilos'
America
Phenlx
Olty
Tradesmen's
Ohemlcftl
Merchants' Exch'nge
eallatlu National
Batchers' ft Drovers'.
Mechanics' & Traders
300,0
200,0
200,0
600,0
300,0
Greenwich
Ijeather Manafaot'rs.
Nati<iriat
New
1,200,0
5,000,0
5,000,0
1,000,0
1,000,0
422,7
1,600,0
York...
American Exchange..
Oommeroe
Broadway
Keroantlle.
PMlflO
Sepnbllo
Ohatham
*S0,0
200,0
700,0
Peoples'
North America.
Hanover.
1,000,0
500,0
600,0
iTTtng
Otttaens'
Nassau
Market
Bt.
600.0
750,0
600,0
500,0
A, Falton
Nicholas
Bhoe (ft Leather
Corn Exchange
1,000,0
1,000,0
300,0
1.500.0
2,000,0
240,0
250,0
3,200,0
2,000,0
300,0
750,0
500,0
Continental
Oriental
Importers' A Traders'
Park
North River
Ea«t River
Fonrth National
Central
.
. ....
Xat.ioiial..
...
Seco jd N %llon&l
...
Ninth Nitional
Firsi National
Third National
H. Y. Nat'l Exchange
..
.
Avenne
German Exchange...
Fifth
Germanla
United states
Lincoln
Garfield
Fifth National
Bank of the Metrop..
West Hide
Beaboard
Sixth National.
Western National....
Total.
1,268,1
1,144.0
1,917.3
lO.OiO.S
21!>,7
2,7.'>«,4
1,999.6
377,6
6,0f)(i,0
22,17'2,2
6,77.t.6
11«,4
1,37H,8
284,5
222,2
108,0
613,5
75,1
3,388,4
6,063.1
406.0
649.7
382,9
102.0
148,8
383,8
287.3
360.0
3,102,0
2,412,4
'2,081,3
40(i,4
2,788,0
1,300,9
3,375.3
1,436,5
3.603,1
1,607,5
16..S04,0
3,2.'iH,2
1,641.7
1,013,9
7«0,0
17,081,6
6,837,9
7,666,4
35(1,9
2,».';8,9
250,4
867,7
695,8
250.0
482,0
1.200,9
274,5
384,1
11,072,9
6,266,4
2,759.4
1,582,2
4.687,7
14,361,9
2,852.0
2,844,6
2,048,8
4,073,8
2,068,3
1(11,0
202.7
23U.1
1,:03,8
280.4
360.3
4,375,7
2,114,8
3,1 '24,0
6,241.6
4,299,7
2,130,1
20,227.8
267,4
1.10,6
1,206,0
250,0
394,7
2,4;i9.»
'.!00,0
'221,9
2,560,5
185,9
204,1
630,0
600,0
750,0
600,0
100,0
200,0
200,0
500,0
300,0
200,0
150,0
300,0
200,0
600,0
200,0
3,500.0
217.6
715,0
717,1
433,2
381,5
613,4
247,8
293.0
264,3
482,3
230,1
132,2
'2,793.1
3«'2,6
e.309,2
3,932.9
1,887,7
1
1,410,6
561,1
'240,8
2«7,'i
6,0Si),4
26,419,0
.3.837,«
3.90»,P
1.912.7
3,109,0
251,0
847,5
362.8
264,7
418,0
162.9
659,8
562,4
Concord
Connecticut
3.083,1
Baxkb.
Loans.
A
782,2
101,8
2,'275,5
l,l.i9,4
1 •2-2,3
20,8'24,7
7.347.6
1.187,9
2.779.7
2,932.2
2,742,8
918,9
181,7
184,3
711.0
126,4
378,1
108.8
136,6
813,4
152,4
465,8
268,3
4,467.(j
1,313.6
43,5
3,177,6
2,881,0
1.666,9
694,0
616,1
254,0
832,0
411,0
367,0
410.0
289,8
406,0
245,2
351,3
265,0
689,0
112,0
1,357,9
1,164,1
'2.52-:,0
10,787,2
4,142,0
3,403,0
3,091,6
5,304,9
3,520,8
3,426,2
1,854,6
4,660,3
2,51,'i,0
3,669,0
•2,010,1
9,671,0
1
Deponits.-^
•f*-*^'''*!
Clearinoa,
$
$
$
A
Sept. 28.... 115,387,8 409,311.7 69,574,0 35,692,8 417,324,2 3,948;i
Oct. 5
115.387,8 407,316,5 67,321,7 34,078,7 412,-27.3,8 3,959,7
"
12.... 116,707.8 403,246,2 8'J,157.0 31,«20,6 407,166,l!3,946,5
' 19-... 116,707,8 397,81'3,1 71,792,5 30,363,3 404.954.23,985,8
"
26..., 116,707,8 395,383,8 72,250,4129,083,4 400,818,1 4,040,0
"
12..,.
19...
"
26
634,910,0
832,631,3
*<25,o30,3
793.010,5
74.S,!^11,4
„ PhilB
Oct 12...,
"
"
35.132,3
19...
3.-),l,32,3
99.966,0
09.457,0
40
18 "a
Harris. P. M't J.AL.—48Hunl'uA B. T.— l»t,78..
2d mortg., 78..
Consol. M., 6b.
26
35,13-2,3
9S.373,ol
..
BONDS,
A Topeka— Ist,
CoUaU Trust, 59
itch.
Bank Stock
BANKS.
America
198
Am. Kxch...
Asbujy Park
Bowery
266
Broadway
300
. . -
310
Butcha'dltlj.-. 185
Central
142
Chase
230
300
4000
475
Cbatham
Chemical
....
Citizens'
147
Commercial..
Continental
Corn Exch...
East Kwer..
11th Ward...
-
;04
130
230
170
150
270
Greenwich..
Haijover
140
Hud River..
A Trart's'
142
310
180
230
230
100
180
200
210
210
205
166
Irrtnst-
'Lf-atber Mrs'
jLineoln
Madison Sq..
iManh.ittan...
206
112
1
.Market* Fui
'Meclianics'.-
M'chs'* Trs'.
Mercantile...
Merchants'..
Mereh'ts Ex.
17d
Fifth
260
Fifth Ave.... 1100
First
2000
I4th Street.. 163
Fourth
170
Gallatin
Germauia
Im.
1711
Columbia
175
Commerce... 190
BANKS.
Bid.
400
Meti^opolitan 12
Metropolis... 325
172
•270
Br'dway
A
215
106
103
7lliAv. -St'k..
1st mort., 58. 1904
2d mort..
5.'!,
B'way Surface
1914
h-ds...l924'l04
Boncis guar., 68, 1905
90
Brooklyn City— Stock
|170
1st mort., 5», 1902
ilOS
Bklyii. (JrOMHtown— ^uh-li. 195
Istmnrt., 7h, iOCa.
108
Ba8hw'kAv.(Bklyu)-St'k'140
I
Central Crosslown— .-st'it.. .140
Istmort., 6s, 19-22
al6
Cent. Pk..N-.& E.Rlv.— Stk. 107
Connols. 7h, 1902
1118
Chrl8t'ph-r&10th.St.-8tk.'13'J
Bond.H, 7 s, 1898
110
I*ryDk.E.B.ABat'y-8tk
lt\ mort.. 7g.
1893
1125
-IIOS
30
117
225
108
106
106
9*
175
106
201)
110
143
143
IllO
I
I
I
'
i
I
i
1121
D
130
165
123
14'.!
E.B.
11'9
111
138<s
123 >9
1893....
Warren A Frank.- l8t78
West Jersey— 1st M.,-7s..
W. Jersey A Atl.— Ist, 68
West Peun.— 6s, 1893 ....
101
100
110
Plttsburu Br..fis
KAI/riMOItE.
108
104
RAILROAD STOCKS
65\ Baltimore A Ohio
1st pref
2d pref
18
128
118
110
t
.
Central Ohio
Preferred
jCharl.
CI
Col.
A Augusta....
wRAILROAD
Western Maryland
ibo'ij
80
Iaitlanta
A
BONDS.
Char.— Ist,
A 11
62'.|
103b
107 ••
111
IOCS
.
63
2d. 63
3d, .?•«
Ist Inc., 58,
46
100%
100
106
101
—
Cin. Waah. A Bait— late.
I
12
119
78.
Income, 88
iBait. A Ohio-4s,1935...
96 V CapeFearA Vaa.--l8t,6»
54
Cent Ohlo-68, 1890
Char. Col. A Aug 1st, 78
82
98
PHI1,ADEI.PHIA.
37
1931
i 10
Seab'rtARo'n'ke— 68,1926 }105
West Md., 3d guar., 68.. illS<^118''8
{
"if
Peunsyivauia
Elmira A WlUiamsport-.
WlLCol.AAag. ,6e.t910.' lisyi..^^
Pref erred
5 Last price this week.
t Per share.
Ea.st
,
108
67
"
Bonds, 58
Consolidated Gas
Jersey City A Hoboken.
Metropoli tan— Bonds
MutuaKN.
Y.)
Bonds, 6s.-.
Nass.iu (Brooklyn)
117
Scrip
New York
l.)0
|
|
110
70
103
90
Pooplo's (Brooklyn^
Williamsburg
I
Bond!*, Ga
JMelriipnlltanfHrooklyn).
89 Hi
170
116 126
102 104
100 102
112
1()2
100
[Mniiii'iiKil— Ilnmlj*.
74
75
118
108
Il3ii
|11'i
9U
m
7ft
Fultiin Municipal
IIoniK 6s
E«iuitable
BouiIh, Os
12.-»
(M
(H)
'20
'25
108
110
Stock Exchange— Unlisted Secarities.
—
1st mort,, 7s, 18'J4
Ninth -Wo
Second Ave.— Stock
Ist mort, 5s, 1910
Slxlh Ave StocI'
1st mort, 78, 11l90
Thiiil Ave.— Stock.
7»,
^,
130
IIS
135
100 4
96 >a
.-•••
105
170
105
200
110
44
116
60
165
109
90
99
105
180
1893
108
46
Mex. NatConstmct'nCo.
Michigan A Ohio
Mt De8.A Bast Sh. Ld.Co.
42
ITHs
14
Newb. Dutch. A Conn
Atch. A Pike's P'k, Ist 68 100
90
N. J. Southern
87
Atl. A Char. Air Line
N. O. Pac. Land Grant..
1191a 121
Ist, 78, 1907
40
Newp. N.
Miss. Val....
Brooklyn Elev'd—stock.. 37
27'2 28
N.V. V.-.S.A Batr
Brunswick Co
10
N. Y. A Green'd Lake, let
California Paciflc
113
108
3d mort
l8t mort., 448
N.Y. Loan A Iinpr
104 Hi
2d mort.. guar
N. Pac. P. d'Oreille Div..
Chic. A Atl.— Beneficiary.
Mis-ouri Division
IHl
Cincinnati A Springf
45
North Riv.Cons. Co. scrip.
Continental Con. * Imp.. 32
Di-tillers' A Cattle F. Tr. 41k! 43'4 O.I.AW.— Istaccintcort
8
2d ace. int. cert
7
Dnl. S. shore A At— Stk.
22
Ocean SS. Co.-lst, guar.
19
Pref
jPensacola A Atlantic ...
15
13
Georgia Pao.—Stock
Postal Telegraph— Cable.
113Sl 114
let 68
St. Louis A Chicago
80 H) 81
Consol. 5s
~».
30 H; 'I Pref
Income 5s
2
St Paul E.AGr.Tr.. lit 8«
Sanawlia A Ohio
Scioto Val. 1st, 78,Tr. rec.
5
Ist pref
2d, 7», Trust receipt*...
3'^
6
Keely Motor
Toletlo Peoria A Weal...
30
Lehigh A wilke«.Coal...
Utah Central.— 1st Gs
Little Rock A Ft. Smith..
Wabash- New -2d, 5a
LN.A.AC— C.AI.D1V.,«8 108
West.N. Car.- Con.6«....
Louisv. St, Louis A Tex.. 30
BieripbisA Cha'st. consols 117
A
110
100
101
107
195
108
263
104
1
,109
ABk.
Eld.
23
1
87 S 1-35
35
35
18
20
IHi
43
102
102
/
I
IPS
il07
SECURITIES.
SBCURITIKS.
Am. Bank Note Co
Am. Pig lion Stor'ge war.
Am. Cattle Trust
I
250
102
Bonds, 7». 1890
iTwenty-thira St— Stock.. 260
mort,
180
Quotations.
A B.-Scrip 6s..
Eighth Av.— Stock
Scrip, 6s, 1914
42d A Or-iHl St. P'ry-Stk.
Istmort, 7s, 1893
42dSt. Maiib.A St.N.Ave.
1st nioit., 68, 1910
,
2d iDort., iucomo,6s
Houst.W..St.Al'.F-y-Stk.
Ist
R.,
SchuyL R. B. S.— Ist, 58..
C—
Citizens' Gas-Liglit
y.i
240
225
Phenlx
135
Produce Ex. 113
176
Uepublic
140
Seaboard
323
Second
Seventh
130
Shoe&I,eath. l.'iO
.Sixth
260
St. Nicholas. 120
State of N.Y. 110
127
Third
Tradesmen's. Hi) 1-2
United St'es. 215
94
Weetei'n
West Side... 226
I
iViJ"
A
,
..
D.
:
99 Vl Steuben. A Ind.lst m. 58.
United N. J.—«. 6s, 1908
-
---
.
Deferred incomes, coup
Phil.W. A llalt-Tr. c, 4s
Pitts. Cin. A St L.-78.CP.
1
Incomes
78, C.
.
Read,— Ift, 68
Cons., 78, couii., 1911...
Cons., 63, g., I.R.C.1911
Imp., 6s, g., coup., 1897.
Cons. 5s., 1st ser., 1922.
ibo
40
88
127
|
People's
—Brokers'
A
2<1,
A
;
Pacific
Pai>k
City Railroad Securities
Bl'ckerSt.
Ful. F.-Stk. 28
lstmort..7s.. 1900
115
111
36
Income, 6s
Consol, of Verjiontn-68..
Eastern, Mass.— 68, new..
K. C. Ft Scott A Mem., 6s 113
K. C. Ft Scott A Glf.- 78
Kan8. City Law.A So.— 6a
K.C. Meraph. A Birm- 68
lian. Cit. 8t Jo.AC. B.— 78
K. City Sii'd A Memp.— 68,
K. City Clin. A Spr'd.-5s «-•-•
Little a. A Ft Sm.— 7s...| --Loui.sv.D-.v.AStL.— l8t,68 109
.70
2d mort, 2.68
Mar. H. A Out-1925, 69. Ji08
i
192.3, 68
Mexican Ceu —48., 1911.-' 35 >n
1st con. inc.,3a, 193<>....| 30
2d con. inc 38, 1^^39
N. Y. A N. Eng.-lst, 7s i..."
1st mort., 6s
2d mort, Ga
Cons., 8(,1 1033,
Ogdens. & L.
100
Rutland- 58
77
Southern Kansas— 5s
68
Texas Di\-i8ion— 5s
Brooklyn G'8-Light
N. America.. 183
North River. 140
215
Oriental
351
Murray Hlil. 250
161
Nassau
New York... 240
Mt. Morris
.
Philadcj.
N. T. and Brooklyn Gas Secnrlties— Brokers' Quotations.
Bid. Ask.
GAS COMPANIES.
Bid. ABk
GAS COMPANIES.
N.Y. Coanty. 4,"id
N.Y.Nat.Ex. 127
Ninth
150
German Ara. 122
German Ex- 250
132
102
Boston and Pblia.
—Latest prices this week.
Garlielft
66
92
Ban. A Mo. R. In Neb.—
120
Exempt, 6s
Non exempt, 6s
Plain 4s, 1910
96
CaliforniaSouth.— 1st, 6s.
94.477.0 2,136.0
List
28 1^
60
9UHi
Trust, 68
RAILROAD STOCKS!
Bell's Gap
Camden A Atbintic, pref-
BANKS.
Ask
Bid.
5
103 ^«
lO'i't
.
74'a
Mortgage, 58
105
113
102
I
113
7s..
Plain, 53
1'22V|
I
isi"
27'
4 57
Preferred
A Wllni.-lst 08..
'
177
1-25
Wisconsin Central
122
132 4
117
A Amboy. — M, 5a.
Loh.V.-lst, 6S.C.A B.,'98 118<« 20
«»>
-2d, 7s, reg., 1910
139
Cons. 6s, C. A R., 19-23..
North Peun.— iBt M.. 78.! •'*
General mort 7s, 1903. 130>i
N.Y. Phil. ANorf-l8t,6a' 111 118
Income, 8s
80
53
Penn.— Oen.68, coup.1910 130
Cons. Os, coup., 1905 ... 124
113
Cons., 5s, coup., 1919.,
4Sis, Trust Loan.
Perkiomen-lst .«e, 5s, '18 102 S
-2d series 6s, 1918
Penn.AN.Y.Can.-58,'39 115
1 1 3 ^« 114
Phlla. A Erl9-«on. 6e
General mortg. 48..
5
178
A Mass
75.364,7
71,827.8
+ inoludtnx, for
i
Colony
Portland Saco A Ports...
Summit Branch
73131,4
• We omit two ciphert \n all these Aoures.
oe Dhla. the Item " due to other b,<inKs."
114
{165
175
Northern
1164
Connecting—Os
fidaine
Vermont
A
Clcalfleld
Easton
Elmlra
15%>
125
122
7», 1900...
78.
Jefl-.-lsl, 68.
Chartlers— Ist mort.,
Uel.AIld.ll.-lst,7s, 1906.
96,054
2,1.14.0
95,'282,0 2,132,0
Catawl«aa-M.
25
Wiscon. Cent— Ist M., 08
Income, 58
2.3,348,0
•22,996,0
23,f.S8,0
IIS
Allegh. Val.-7 3.108,'90
Inc. 7s, end. coup., '94.
36
3S>a
111
Bells Qap-lst M., 7s. .}102i, 103
"'
" "
Cam. A Amb.
M.Os.'SO..
i's"
5,176,0 133.136.1 2,544.7 100,818.1
9,6>'8,3i 6,r29.2 137,630,8 2,540,0.105.908,8
9,62?,9! 6,2-29,6 134,'I01,5 2,540,0, 95,389,4
6.5,644.9 155,517,3 IO.354.4I
65,544,9 155,614,7
65,544,9 153,039,5
UAILROAI) BONDS.
:
Boston.'
Oct.
26
114
St. L.
,
N. York.-
27 J;
7
Birm
ofil
1,214.4
Legals.
Specie.
Memph.
Louisville Evans.
5,1116,6
60,762,7 65,945,1 305,383,8 72,250,4 29,083,4 400,818
Capital dci
SuTvlus.
K. C.
Sorwleli A Worcester
Ogdeusli. A Lake Cham..
1,837,1
MS
206
Oonnocticut River
llShi 1!20
Eastern
130
Preferred
"82
82 1<
Fitchburg, pref
26
E-liut A Pere Marquette..
95
Prof cri-ed
Kan. C. Ft. Scott A Mem. g 76
4,357,0
1,885,8
3,567,0
4,835,2
2,140,0
21,236,3
23,321,3
22
43
26
98>«
Northern rent.ral
Norlh t'ennsylvaiUA
114
Pennsylvania
Phil. A Erie
28',
«7«i
51
63
Sanbnry A Lewiston
Dnlt«dCo'aof N.J..
335^ 65**
We8t Jersey
47
West Jersey A Atlantic. «...
16',
24
150
A Passump..
'279,1
113,6
!4
10
6
'2,9t)2,l
18,290,2
8,030,0
4,987.0
6,o66 1
3781,7
4
.3,209.6
856,0
327,0
400,6
2,235,0
987,0
I 860,1
10,869,3
...I
309,7
211,3
5,441,8
16,783,3
2,783.0
1,219,1
1
A
Clovelaud
1,'276,P
11,567,8
6,376,0
,1
394,0
306,0
724,8
383,3
1,111.4
3,930,4
A
A Canton
North'u
Chic. Hurl.
West Mich
Chic.
2,564,2
1,4 '22, a
3,046,0
13,487,0
12.031,0
4.821,9
8,072,1
3,1'25,B
|
6'tU
A
Nes(|uehonliig Valley
268
{
4B
Little Schuylli ill
Minehlll
H. Haven
I
Central of
Preferred
18
Lohlgh Valley
214 I5
168
214
Aak
Bid.
Broad Top
Preferred
31
30'»
I
Massachusetts
Preferred
Central
Manchi'ster A Lawrence.
Mexlcuu Central
S. Y. A Now Eng., pref..
28
910,0
Providence
tt
A
Roniington
I
.fe
Preferred.
l,14t,0
•2
75,4
California Southern
3,58'>,0
2 932,11
262,7
Boston
•2,162,2
4,(Jll6.0
,343,0
179,5
4,104.6
4,928,6
116.0
259,3
'2,09.5,9
123,7
9,764.4
124,5
786,0
473.1
1,859.6
51.5,4
19,6-^6,7
11-;,
65.5,0
SEOnKITlEa.
Ask.
Bid.
HUSTON.
RAII.KOAI) STOCKS, t
Atchison A I'opcka
Boston A Albany
Lowell
Boston
K'>8tnii & .Maluo
10,800,0
8,632,0
8.976,8
,6,784,0
10,295,9
81,0
424.0
114,5
237,8
67,6
364,4
797,0
308.2
448.2
4,070,0
374,8
489,8
332,6
738,4
209,1
461,0
6»«,6
'2,314,0
*
.
600,0
688,0
730,2
544,0
668,3
250.0
290,'2
l,28-<.6
:500,0
>,.
,
8S5,0
1,010,01
German -American
Chase National... .,
1.011.6
1,240.6
282,8
17,918.1
7.495,0
4 115,0
5,205,7
21,583,4
6,744,5
Bowery
New York County..
S
s
$
Bknk of New York...
State of
575
({notations in Boston, Philadelphia and Baltimore.
Following are quotationsof active stocks and tmnda. A fall
ist is given in the Chronicle the third Saturday of each month •
(OOi omittei.)
Seventh
——
-
102
104
5\
5
35
37
4
I
9S
1
14*.
100
81
80>a
><7>«:
i
I
98>«
..
—
1
.
...
'
THE CHRONICLE.
576
Iixucstmjeut
[Vol. XLIX.
Xamingt
Latett
SoACS.
Week or Mo
AND
Beported,
1889.
Grand Trunk—
Chic &Gr.Tr.iWk0ct.l9.
1888.
80,264
25,515
3,709
134,987
280,139
15.000
1,292,419
8,585
170.104
178,689
Det.Gr.II.A-M. WkOct.19.
Gulf & Chicago. Septemb'r.
contains extended tables of the Funded Debt of States and
Cities and of the Stocks and Bonds of Railroads and other
Companies. It is published on the last Saturday of every
other month— viz., January, March, May, July, September
and November, and is furnUhtd without extra charge to
all regular subscribers of the Chuosicle. Extra copies
are sold to subscribers of the Chronicle at 50 cents eaih,
and
Uousatonic
'August
Hous.&Tcx.Cen. August
Humest'nAiShcn Septemb'r.
UI.Ceu.(lll.&So.) Septemb'r.
Cedar F.A:Min. Septemb'r.
Dub. AtSlo'xC. Septemb'r.
Iowa lines
Septemb'r.
'
Total
16,286
253,740
40,024
Iowa Central... '3d wk Oct.
Iron Railway.
Septemb'r.
J'ks'uv.T.AiK.W August
3,528
20,213
6,648
09,889
6,220
25,926
39,300
101,485
7,687
2,806
49.267
. .
Kanawha&Ohio 3d wk
K.C.F.S. At Mem. 2d wk
Oct.
Oct.
Oct.
Oct.
.
Latest Earnings Reported.
Roads.
WukorMo]
L. Erie All. At So
L. Erie At West. .
B.
Septeinb'r.
Atl.'ficptemb'r.
Ciii.'Scptemb'r.
S. L.
'
Aiiuiston &
Aiiniston A:
Ashv.*; Spartan. Septemb'r.
188,021
4,439
7,288
472,116
3d wk Oct.
C.ilitor'a Cent. 3d wk Oct.
Califora Son.. 3d vrk Oct.
Total s.vstemt. 3d wk Oct.l
Atlanta .feCljar. August
Gulf.Col.j!8.F.
206,340
3,725
7,782
8,841
11,895
wk Oct.
wk Oct.
Atch. T. & ir. Fe..;3d
Bt.L.K.C.&Col.'3d
1888.
1,S'25
131,095
17,401
11,645
663,829
116,241
43 104
eeptemb'r.
Scptemb'r.'
36,400
3d wk Oct,
53,P93
Septemb'r, 1,600,175
Septemb'r,
437,000
Septemb'r. 2,037,265
Septemb'r.
144,327
70,7r 9
Septemb'r.
Septemb'r.
3,177
I
Atlanta & W.Pt.
Atl A: Danville.
Atlantic
\-
i
Pac.
B.AO.East Lines
Western Lines
Total
Balti A' Potoin.'^c
Beecli Creek
Bir.Pelma&N.O.
Brooklyn Elev.. Septemb'r.
Butt.Koch.A- Fill 3d wk Oct.
Cam<len <fcAtl.. Septemb'r.
121.5:)1
39.684
76,829
375,000
35.540
93,003
852,064
Canadian Paciflo 3d wk Oct.
Cp.F'r&Yad.Val Septemb'r.
Cent. Br. U. P..
Cen. KK.& Bg. Co
Centralof N. J..
Central Pacific
Central of S. C.
Charlest'n & Sav
Char.Col. &Aug.
Cliat.E'me&Col.
Cheraw. & Darl
dChes. AOliio..
AugiLat.
...
Septemb'r,
Septemb'r.
August
August
Septemb'r.
Septemb'r.
Septemb'r.
August
Clies. O.
&6. W.
Septemb'r.
Septemb'r.
Cces.
I/Cnolr
August
Cliic.
ii
.
& Atlantic. 3d wk
Chic. Burl.
Chic. Burl.
& No
& Q.
Oct,
August
Septemb'r.
Line.* eonlr'l'd Septemb'r.
Cblc.At East. 111. 3d wk Oct.
Chic.Mil. AtSt.P. 3d wk Oct.
Chic, &N'thw'n. Septemb'r.
Chle. &0U. Riv. Septemb'r
Chic. Pe. A- 8t. L. _July
_
Chic.St.L.&Pitt.lSeptemb'r,
Chic.St.P.&K.C. 2d wk Oct,
Chic.St.P.M.AiO. Septemb'r,
Chic. & W. Mich. 3d wk Oct.
Ciu. Ga. i<i Ports. Septemb'r.
Cin. Jack. & Mar 3d wk Oct.
Cin. N. O. & T. P. 3d wk Oct.
Ala. Gt. South. 3d wk Oct.
N. Orl. & N. E. 3d wk Oct.
Ala. & Vicksb. 3d wk Oct,
Vicks. 8h.
&
3d
P.
wk
Oct.
wk
Oct.
Erlanger Syst. 3d wk Oct.
Cin.Kich.A Ft.W 3d wk Oct.
Cin. Sei. Ai Mob. Septemb'r.
Cin.Wab.AJIich. Septemb'r.
Ciu. Wash. Ai Bait 3d wk Oct
Clev.AkronACol 3d
Clev. & Canton..
eCl.Cin.Ch.AiS.I.
Clev. A: Marietta
Color. Midland..
Col. At Greenv ..
Col. & Cin. Mid..
Col. Hock.V.AiT.
Coving.A-Mac'u
.
Septemb'r.
3d wk Oct.
Septemb'r.
3d wk
Ot't.
Septemb'r.
3d wk Oct,
Septemb'r
I
Septemb'r.
Day. El W. A- Ch Sei)te m b'r.
Deuv. & Klo Or. id wk Oct.
Den. Ijcadv.&G.'August
.
. .
I
Den.Tex.Ai E.W.I 1st wk Oct
Det,BayC.&Ali)i3J wk Oct
Det.I,aiis'K&No
3rt
wk
Oct.
Duluth S.S.Ai Atl 3d wk Oct.
E.Tenn.Va.AGa. 3(1 wk Oct.
Ellz.Lex.&Ii.S..
Aug>i3t
Evans.&lnd'pli.s 3d wk Oct,
Evansv. & T. H. 3d wk Oct,
Fitchburg
ISeptemb'r.
Flint. &P.Marq. '3d wk Oct.
F!or. Cent. & P. '3d wk Oct.
Ft. W. Cin. & L. August.
.
.
.
Georgia Paciflo.
Geo. So. At Ela..
Or. Rap. Ai Ind..
Other lines
• ttTBud Trunk. ..
.
. .
.
Septemb'r.
Septemb'r.
3d wk Oct.
3d wk Oct.
WkOct.19.
Jan. 1
i
11,714
447,785
1,024
93,337
23,627
16,282
613,880
103,930
31,807
20 509
57,975
1,338,587
426,097
1,764,684
133,976
67,768
2,963
75,563
46,038
75,446
to Latest
1889.
Dau.
1888.
1,725,909
1,315,685
69, 600
82, 250
88, 999
'85,156
63,362
31'
15,991
50, ,8151
3331 2,333,890
819, ,516
598, 593,
,242,678
21,631 ,125 20;),298,152
938, ,2.'. 2
819,916
3oi: ,022
2791.5
3,01
Septemb'r.
5.2.50
3d wk Oct.
At Hud.. Septemb'r.
L. Rock & Mem. 3d wk Oct.
Long Island
Septemb'r.
La. & Mo. River. July
Louls.Ev.A:St.L. 3d wk Oct.
,
61,978
24,020
2,885
121,034
2'20,00I
15,618
964,925
8,875
183,K,31
192,705
2,834,364
839,740
30,779
770,977
1,660.959
103,8031
9,938,072
66,648
1,206,877
1,273,525
44,330
210,149
36,416
4,176
16,416
279,843
1,777,716
1,187,927
31,456
341,337
1888.
»
2,517,915
885,656
22,932
713,918
1,396,093
107,404
8,321,281
69,07»
1,226,918
1,295,989
9,617,269
281,751
1,565,806
1,092.462
47,087
320,855
5,491
219,287
223,034
89,043 3,668,964 3,270,08»
5,481
207,071
209,316
18,802
29,883
200,584
304,870
101.341
750,494
757,860
7,748
252.807
258,606
4,789
158,488
148,333
39,916
317,123
372,833
5,046
42,290
44,670
51,521 2,011,423 1,713,710
22,992
r86,701
204,766
15,868
534,896
460,384
371,340 2,716,390 2,671,405
39,707
233.504
245,32tt
25,171
813,725
839.206
329,135 14,184,067 12,804,841
50,301 1,945,939 1,811,455
56,960' 2,067,708 1,734,04*
52,912
24,082
16,114
363,388
41,207
27,033
Louisv.At Nashv. '3d wk Oct.
395,770
Louis. N. A At Ch. 3d wk Oct,
52,773
Loulsv.N.O. AtT. 3d wk Oct.
83.474
Lou. St.L.A: Te.x. Septemb'r.
32,939
Loulsv. South'n. Septemb'r.
33,196
27,536
Memphis At Chas 3d wk Oct.
44,151
33,658 1,344,148 1,213,«93
IMexican Cent... 3d wk Oct. 1 23,623 106,251 4,928,269 4,632,803
JMex. National Septemb'r.
272,297 168,311 2,719,166 1,668,938
tMe.xican R'way WkSep. 28
66.527
32,273 3,14,3.440 2.802,316
Mil.L.Sh. At West 3d wk Oct.
77,345
68,441 2,818.679 2,290,95*
Milwaukee At No 3d wk Oct.
27,600
26,192
858,552
959,336
Mineral Range.. 'Septemb'r.
10,026
9,710
71,834
80,636
Minneap. &St.L. Septemb'r. 113,589 128.957
960,193
983,158
M.StP. A: S.S.M. Septemb'r. 160,253 117.340 1,030,037
718,709
Mo. Kan. & Tex. Septemb'r. 719,161 597,726! 5,168,219 4,587,727
Mobile At Ohio
Septemb'r.
239,044 181,779; 2,145,957 1,754,698
Montana Union. August
72,926
69,100
513,809
476,530
Nash. Ch. A- St.L. Septemb'r.
300.210 271,179 2,392,960 2,295,963
New Brunswick. July
79,794
75,609
477,643
512,453
N. Jersey At N.Y.' August
26,031
24,687
154,90&
157,031
New Orl. At Gulf Septemb'r.
13,293
11,609:
110,2ia
118,248
N. Y. C. At H. R. Septemb'r. 3,350.097 3 ,366,100 26,483,145 26,112,695
N. Y. L. E. At W. August.
2,778,708 2,,440,766 17,313.730 17,666,14»
N. Y. Pa. At Ohio August. ...
661,296 577,493 4.155.0641 4,094,994
N. Y. At N. Eng. Septemb'r.
518,924 501,128 4,147,543 3,924,202
N. Y. AiNorth'n. Sei)temb'r.
52,925
426,467
50,484
455,600
N. Y. Ont. At W.. 3d wk Oct.'
33,'266 1.489,076' 1,384,676
37,619
N.Y. Susq. At W.. Septemb'r. 123,274 130,445 1,010,371 1,059,424
Norfolk At We.st.'od wk Oct.
134,799 116,946 4,404.048 3,941.239
N'theast'u (S. C.) August
410,182
36,511
34,730
400,320
North'n Central. 8ei)teinb'r. 563,5.55 566,'203 4,410,746, 4,628,897
Northern Pacific 3d wk Oct. 633,459 518,373 16,985,247 13,933,940
Ohio Ind. At W..'4thwkAus
935,263
37,095
38,662
911,795
Oliio At Miss
Sd wk Oct. 105.889
06,910, 3,278,398 3,094,04*
Ohio At Northw..' Septemb'r.
19,94 9|
138,339
19,991
156,897
Col. At Maysv. Septemb'r.
859
743
6,356
8,263
'3d wkOct.'
Ol.io River
370,943
14,591
12,182
461,542
Ohio Southern. .'Scptemb'r.l
46,727
401,731
48,009
370,622
Olio Val. of Ky. 3d wk Oct.
1 04,460'
4,086
3,080
126,383
300,222
Omaha & St. L. Septemb'r.' 44,762
40,0811
360,802
Oregon Imp. Co. August
413,671 407,283! 2,814,112 3,298,901
Oreg. R. At N. Co. August
542,259 563,21ll 3,780,170 3,884,182619,049' 528,4031 4,136,403 3,562,146
Ore.S. L.A: Ut. N: August.
Pennsvlvania .. Septemb'r. 5,428,733 5, 285,4'27 44,668,609 43,356,983
PeoriaDec.ArEv.'3d wk Oct.
562,205
15,140
17,020,
577,406
Septemb'r.
315,848
Petersburg
25,310
33,955
357,567
Phila. At Erie... 'August....
489,131' 476,844! 2,931, 6'.!4 2,815,486
Phila. & Read'g. Septemb'r, 1,801,956 1 ,832,696 14,350,539 14,281,239
817,437
Pittsb. At West'u August
127,741
126,719
927,648
303,353
Pitts.Clev.AtT. 'August.
44,618
48,538
333,626
163,175
Pitt«.Pain. A' F.' August
30,596
27.003
199,742
Total system 3d wk Oct.
40,697
43.159 1,756,797 1,399,035
235,914
Pt. Royal A- Aug. Septemb'r.
17,325
28,813
225,098
Pt.Roy.AtW.Car. Septemb'r.
220,679
22,430
17,260
241,867
73,771
Pres.A'Anz.Cen. Septemb'r.
10,137
8,195
94,080
cR.&Dan. Sys'm 3d wk Oct
323,675 293,900 8,992,248 7.974,48»
195,090
Rich. At Petersl). Septemb'r.
25,.341
18,719
219,757
3d wk Oct.
31, '200 1,178,254 1,039,422.
Rio Gr. West.
32,675
Rome W. At Ogd. .Septemb'r. 337,831 324,129 •2.612,522 2,477,155
3d
wk
886,942
Isl.
Oct.
Jos.
fc
G.
27.892
St.
31,358
936,161
729,47a
St.L.A.AtT.H.B'.- 3d wk Oct.
30,010
22,452
859,257!
wk
Ark.
Tex.
3d
Oct.
2,266,551
At
St.L.
125,028
82,556 2,748,777|
37,778
St.L.DesM.AiN. ,-<eptemb'r.
3,691
44,654!
5,568
St L.At-SauFian. 3d wk Oct
147,934 143,643 4,097,199' 4,507,636
St.PauUVDul'th Septemb'r. 139,346 170,784
893,760 1,147,847
St P.Min.At Man. •8eptemb'r.
9.59,678
805,314 5,641,333 6,510,676
East, of Minn. Septemb'r.
76,062
MontauaCent. «eptemb'r.
79,373
42,817
S.Ant.&Ar.Pass- 3d wk Oct.
783,202
44.239
24,109 1,044,170
•. Fran.AtN.Pac. Septemb'r.
80,117
68,767
70,270
l;i5,596
Sav. Am. At Mou. Septemb'r.
21,000
14,960
427,621
Scioto Valley... August
416,339
60,749
62,647
Seattle L. S. & E. 2d wk Oct.
7,006
4,489
214,440
620,412
Shenandoah Val Septemb'r. 100,944
76,117
681,773
869,180
South Carolina Septemb'r. 131,885 100,888
953,397
Lehigh
$
Allegheny Vol.. SeptemVr
Aiiiiap.<S:
1889.
Latest Dale.
'Septemb'r. 1,471,108 1 ,157,630 11,211,.397
all ....
Ind.Dec.&West. Sopfemb'r.
Int.&Qt Nor... July
to others at |1 per copy.
Kan. C. CI. At Sp. -zd wk
& Bir. 2d wk
The Qeneral Quotations of Slocks and Bonds, occupying K.C.Mem.
K.C. Wy. &N.W Septemb'r.
Kentucky
Cent. Septemb'r.
six pages of the Chboniclb, are now published on the
Keokuk At West. 2d wk Oct.
tliird Saturday of each month.
Klngst'n At Pem. 3d wk Oct.
Knoxv. & Ohio August
RAILROAD EARNINGS.
to
1889.
$
I
The Investors' Supplement, a pamphlet of 150 pages,
Jan. 1
.
. .
2,111,3.32 2 250 0.59
l'2,427,640;il 521,807
3,624,869; 3,415,635
16,052,309 14,937.442
1,192,161 1,140,300
582,112
686,3j7
14,938
14,073
1,553,057 1,576,074
613,197
582,689
28 -,000 11,740,185 10,225,4V9
27,560,
283,137
231,850
85,083,
476,175
£71,743
646,361 5,432,298 4,943,846
1,186,281 1,328.213 9,908,313 9,709,823
1,521,264 1,526,555 10,123,191 10,172,122
7,186
7,519
63,998
65,684
42,181
33,125
440,349
406,082
71.424
62,153
629,212
626,077
26,468
8,035
190,182
6,775
5,981
50,416
47,768
581,000 445,728 4,395,775 3,781,504
191,191 170.382 1,517,624 1,431,677
6,448
0,703
46,783
51.018
54,312
45.098 1,776.810 1,812,251
163.833 186,537 1,256,79.J 1,160,147
2,495,224 2,475,144 19,126,957 16,588,312
659,9551 562,833 5,308,711 4,117,906
65,654!
66,>.78 2,095,899 2,142,638
662.0O0i 645,938 19,810,203 18,998,782
2,555,590 2,714,274 18,509,057 18,636,638
6,528
10,207
54,049
42,755
30,691
27,086
195,364
170,898
552,195 511,382
98,520
57,147 2,486,828 1,786,199
588,597 650,802 4,411,442 4,601,205
28,382
29,206 1,103,008 1,132.627
6,849
6,932
47.381
47,926
13,.544
12,518
489,741
431,417
84,304
69,9.o3 3,0j0,581 2,831,787
41,99^1
3(1,974 1,453,368 1,184,491
23,923
20,119
786.076
651,438
] 6,104
11,096
442,052
341,410
14,730
14,563
445,023
399,114
181,059 146.703 6,167,100 5,458,239
8,041
9,134
353,677
327,949
9,80.5
11,185
69,637
77,<I92
47,502
46,932
391,708
359,21
42..522
40,330 1,686,201 1,017.599
15,638
16,420
59 -,53 4
£51,876
42,600
34,539
318,424
283,914
255,954 237,4-zO 7,684,230 7,280.863
19,663
23,156
182,970
200,687
32,080
31,353 1,312,091 1,066.779
63,578
42,427
503,195
420,233
7,397
7,574
274,974
288.713
230,976 296,326 1,782,662 2,114,239
8,389
3,402
68,332
30,500
43,521
44,487
361,287
310,442
177,000 169,700 6,272,148 6,152,863
105,686 105,137
.39.3,103
725.5.33
74.990
49,392 1,7.J9,9;M 1,335.910
8,019
7,522
411,675
379,566
2.i,316
24,899
894,062
813,812
40.069
38.543 1,477,938 1,180,900
153,992 123.839 4,913,236 4,423,314
80.208
93,314
536,707
643,812
8.477
5,037
240,486
199,739
19.1 13
17,98 4
712,384'
693,017
570.072 576,452 4,304,.520 4,021,867
46,108
45,213 1,901,316 1,932,288
19,782
10,141
872,750,
769,574
32,945
25,802
196,641'
174,248
113,008 118,260
967,880'
913,526
34,521
5,709
212.389
45,.'i22
44,455 l,8(i5,6!;3 1,816.064
3.838
4.325
162.351
162.569
436,875 433,964 15,816,018 14,782,646
. .
I
.
[
I
i
I
.
.
1
I
.
.
.
. .
.
So. Pacific Co.—
Gal.llar.AiS.A. August....
Louis'a West.
August
.
Morgan'sLA;T. August
N.Y.'T.AtMex. August....
Tex. At N. Orl. August
Atlantic sys'm'Aiigust
Paciflo system' August
Total of all . August
So. Pac. RR.—
No. Div. (Cal.) August
So. Div. (Cal.) August.
Arizoua Div.. 'August
New Mex. Div. Ajigust
Spar. Un. A: Col .».ugust
Staten I. Rap. T. Septemb'r.
Summit Branch. Septemb'r.
Lvkeus Valle.\ 'Septemb'r.
Texas .it Pacitlc.l3a wk Oct.
.
'
<
i
325,531 305,072 2,406,552 2,425,965
«>06,915
90,493
673,321
94,559
348,997 358,041 3,118,985 3,131,079
77,663
93.1 29
14,076
15,215
910,689
154,175 137,017 1.050,725
7,152,308
937,340 905,839 7,342,714
3,273,078 3,245,784 22,171,3-20 •22,795,326
4,210,418 4,151,623 29,514,033 •29,947,634
I
. .
'
.
!
226,111
567,917
140,137
75,436
10,405
97,351
94,196
88,424
183,341
217,245
542.208
162,397
1,408,576
4.055,481
1,205,050
85,81'.i
629,875
73.489
758,748
866,516
616,185
4,999,860
10,230
97,016
132,045
75,305
165,122
1,313,076
4,412,810
1,448,067
686,399
63,081
743,133
1,089,955
749.587
4.834,351
k
4
...
E^NOVEMBEU
2,
....
_THE CHEONICLR
1889.J
677
J,
Latett
1888.
\Weekor Hoi
1889.
A AAN. U.
&Cln..
Tol.A Ohio Cent.
1888.
Cin. N.O.
*
749,074
$
I
Tul.
Tol. Col.
•—Stptember.^—i
Samingi Reporttd.
Roads.
3'\
3ci
3(1
wk
Oot.|
20,983
wkOct.
wk
•i.^OS
Oct.
I
Tol.&O.Con.Ex. Heptemb'r.
Tol. P. ct West.. 3d wk Oct,
Tol.St. I.. &K.C. 3d wkOct,'
30,5-'0
7,!)20
I
23,U80
•27,311
Puelflc... Septerab'r. 2 ,<)(I3..')23
Total svstomt.. August
3, 81<i,l!)«
(il.650
Valley oi Ohio.. August. ..
20.057
Vermont Vallcv Seiitcmli'r.
Union
.
205,H(>7
Virginia Midl'd. flcptemb'r.
3d wk Oct.
aWahasli
Wasli.O.A West. Septemb'r.
307,807
]
4,7.'59
Western of Ala. 5eplemb*r.
West.N.Y. &Pa. 3rt wk Oct.
7.i,300
West. N. Car'l'a. Septemb'r.
Septemb'r.
Wo.st Jersey
W.V.Cen.&Pitts. Septemb'r.
71,788
138,400
61,302
20,207
Wheeling &L.E. 3d wk Oct.
Wll. Col. & Aug. August
Wisooiisin Cent. 3d wk Oct.
.53,037
103.5.54
16.429
4,030
199,771
966,074
29.795
90,494
7,641
22,838
737,9.49
14,335
818,000
2,740,397 22,072,031
3,454,007 24,349,3(3
04.597
410,293
17,171
143,108
10S,425
,502,.501
285,2
10,281,250
14,381
92,033
370,285
33,005
72,600 2,750,633
647,490
55,726
140.850 1,203.940
67,542
549,926
19,1J9
719,038
40..586
542,172
88,312 3,321,934
.517,340
14.5,413
yi.5,ti34
(13, (>«.-)
31(1,340
130.1)14
3 months
jNct. ..
Vicka.8hrov.& Pao. Grogs
;l.(;03,t>30
1
1
317,030
2,.547,40fl
4(i3,!ii)it
l,2ll,7<)fi
470. (K)0
702,(118
4!»2.O03
8,053,928
Latest Gross Earnings by yVeeka.— The latest weekly earnings iu the foregoing table are separately summed up as follows:
The completed 'statement for the third week of October
shows 13'24 per cent gain on 83 roads.
week
t\f
1889.
October.
!88?.
Inrrtaie.
Deereaie.
*
3,445,986 3,036,832
472,116
447.785
1,024
1,825
03.337
131,095
17.401
23,627
16,2.-12
11.045
45,098
54,312
Chicago & .Atlantic
65,054
00,078
Chicago & East. Illinois..
28.382
29,200
Chicago & West Michigan.
13,544
12,518
Cincinnati Jack. A Mack146,705
181,059
Cin. N.O. &T. P. (5 roads).
8,041
9,134
Cincinnati Rich. &Ft. W.
42.522
40.350
Cincinnati Wash. & Bait.
16,4':0
15,638
Cleveland Akron & Col..
2.(7,420
255,954
Cleve. Cin. Chic. & St. L
32,080
31,355
Colorado Midland
7,397
7,574
Col. & Cin. Midland
8,019
7,522
Detroit Bay C. & Alpena.
23,31t;
24,E99
Detroit Lans. & North
153,992
125,839
&
Ga
East Tennessee Va.
46,108
45,213
Flint & Pere Marquette
19.782
10,141
Florida Cent.& Peninsula.
45,522
44,455
Grand Kapids & Indiana.
3.358
4,325
Other lines
436,875
433,964
"Grand Trunk of Canada.
80,264
61.978
Trunk..
'Chicago & Gr.
25,515
24,020
'Detroit Gr. H. &MU..
40,024
36,416
Iowa Central
6,648
Kanawha & Ohio
5,491
Kingston & Pembroke.
2,806
4,789
52,912
51,521
Lake Erie & Western
16,114
3 5,808
Little Kock & Memj-his..
329.135
395,770
Louisville & Nashville...
44,151
33,658
Mcmi)hi3 & Charleston.
134,799
116.940
Norfolk & Western
105,889
Ohio & Mississippi
96,910
14.591
Ohio River
12,182
32.675
31,200
Rio Grande Western
323,075
293,900
Rich. & Danv. (8 roads)..
27,892
31,338
St. Joseph &, Gr. Island.
8t L. Alt. AT. H. Brehes. J 30,010
22,452
San Antonio & Ar. Pass..
44,259
24,109
23,680
Toledo Peoria & Western.
22,838
103,554
Wisconsin Central
88,31
Prev'ly report' J (29ro,ads)
At. Top. A; S.F. & I'd roads
St L.K. C. ACol
Gulf Col. & Santa Fc...
California Central
California Southern
.
.
421.950
24,331
801
37,758
Total (83 i-oads)
Netincrea.se (12-24p.
*
7,027,351
6,260,786
12,796
6,226
4,637
9,214
1,0'24
821
1,020
34,354
2,172
"782
18,534
725
Roads.
Allegheny Valley. ...Gross.
Net...
Canadian
Pacific
Gross
.
Net..
Central of Georgia.. Gross.
Net...
Net,includ'Klnv'stm't8...
July 1 to Sept. 30, J Gross
.
<Net
3 months
Net,iuc!ud'ginv'stm't8
Cent'lofNewJersey. Gross.
Net...
Chesapeake ct Ohio.. Gross.
Net...
July 1 to Sept. 30, > Gross
Net
3 months
J
Chicago B.&Quiucy. Gross.
Net...
Linej controlled... Gross.
Net...
Cfcicazo Mil. &St. P. Gross.
Net...
July Itfl Sept. 30, (Gross
3 mcnlUs
jNet
521,353
581,000
200,000
700,718
443,728
78,000
51,425
17,000
30,338
6,000
Net...
328,463
595,120
34,00O
188,084)
11,00U
314,861
22,000
03,4 1 '.i
7,0<tO
337,114
55,000
l'i2,977
Julylto Sept.30, > Gross.
<Net. ..
25,000
3 months
L.
Gross. 1,152,842 1,146,585
Caev. Cin. Ch. & St.
435,121 473,303
Net...
3,217,072 3,057,4<J1
July 1 to Sept. 30, ) Gross.
1,167,172 1,077,640
3 months
J Net...
144,823 120,081 l,065,!«)O
089,883
Gross.
Iowa Central
253,064
04.062
Net...
67,853
28,237
11,810,138
12,993,332
Loulsv. & Nashville. Gross. 1,015,419 1,394,834
Net...
683,799 542,874 5,031,706 4,082, '277
4,701,191 4,074,193
July 1 to Sept. 30, > (iross.
1,973,072 1,510,300
3 months
S Net. ..
Mexican National... Gross. 272,297 168,311 2,710,166 1,668,938
461,469 df. 114,913
41,119
6,635
Not...
Norfolk & Western.. Gross. 488,046 430,895 3,991,037 3,395,084
Net...
189,333 168,498 1,472,830 1,399,318
Gross. 2,125,291 1,711,273 1.5,228,683 12,419,313
Northern Pacific
091,223 674,104 6,209,2.54 4,658,917
Net...
6,142,157 4,980,151
Julylto Sept. 30, ) Gross.
2,722,354 1,069,771
sNet...
3 months
315,848
357,367
33,933
25,310
Gross.
Petersburg
90,832
88,474
Not...
10,451 def .8,912
410,103
455,225
Got. 1 to Sept. 30, ( Gross.
129,496
138,123
(Net...
12 months
Gro.ss. 1,801,956 1,832,696
Phlla. it Reading
Net...
883,764 036,222
Dec. 1 to Sept. 30, >jnei...
^ot
.... 6,430,777 7,158,408
10 months
195,000
219.757
2),541
18,719
Rich. &. Petersburg.. Gross.
54,929
63,684
5,567 dof-5,842
Net...
254,164
291,183
Oct ItoSept. 30, (Gross.
85,415
93,773
Net.
12 months
S
620,412
681,773
76,117
100,944
Shenandoah Valley. Gross
10,742
5,224 def .9,494
Net*..
16,232
Wisconsin Central.. Gross. 429,768 391,422 3,023,881 2,788,975
176,316 144,114 1,068,343
Net...
,—Jan. 1 lo Aug. 31 ->
Augunl.
1888.
1889.
1888.
1889.
>
$
'i',583
St.L. Alt.
&T.H.Br8. Gross.
Net...
28,153
895
101,188
50,371
$
$
78,308
34,266
575,502
223,984
663,051
252,760
' After deducting in both years expenditures (or betterments an*
renewals.
9,641
1,067
467
2,911
18,286
1,495
3,608
1,157
ANNUAL REPORTS.
Chicago Milwaukee
1,983
1,391
/Tor
•246
00,035
10. 193
17,853
8,979(
2,409
1,475
29,775
3,466
7,558
20.150
842
15,242
801,623
1889.
$
$
206,340 188,021 1,725,907
7'26,441
93,781
97,263
1,483,407 1,130,947 10,6.50,185
728,738 358,652 3,972,.j93
852,064 646,361 5,432,298
318,.552
258,469 1,204,140
318,552 258,469 1,342,439
2,004,638
489,046
501,837
1,186,281 1,328,212
13,000
28,833
2,000
j
B/irtrf.
9,908,315
4,385,776
4,393,775
1,024,619
1,798,01H)
&
St.
Paul.
ending June 30, 1889.^
year will be issued shortly, and from
The report for the fiscal
early proofs the Chronicle prints in ftdl the reixjrt of President Miller on another page.
An article commenting upon the year's work was published
some weeks since, when the preliminary figures were first
given out. The statistics for two years ending June 30 are
compiled in the usual form for the Chronicle, as follows
:
1988-0.
5,678
1987."».
35,058
1888.
1,315,685
621,421
9,371,429
5,t72
Miles of main trao't opcratedj lune 30. . . .
6,730,065
Passengers carried
244.302.602
Passengers caiTlcd one mile
2;445 eta.
Rate I or passenger per mile
7,67o,934
Freight (tons) carried
1,660,089,81:4
Freight (tens) caril.-d ouemlle
l'020o:8.
Rate per ton per mlla
„,'^''*§2'225
25S,067,/0«
2_418ct8.
, 7.<69,8,5
1,620,923,961
1
039
ots.
EABSINtiS .VND EXPENSES.
Earniiia« from —
Passenglrs
.
FrSght
Mail,eipre68,4o.
Total earnings
Ma''i"^"anceof way
M.ilntenanceof cars and engines
Transportation
Taxes
Mlbcel'laneous'."."'.'.'.'.
1888-9.
1887-8.
1.820,251
S6.24l,09l
17,1(3,721
2.017,747
$24,720,742
$2\422,559
$2,711,306
2,5/9,*98
10,217,262
$3,121,811
2.502,118
8('8,313
f03,5l7
177,415
$5,973,149
16,>-33,0»2
O.?"'*??
157,937
2,-292,879
4,313,846
1.527,544
1,.597,872
1,674,147
589,876
594,38
9,709,h25
4,383,920
3,781, .504
761,491
1,361,605
380,537
613,000
2,495,224 2,475,144 19,126,957 10,5'i'*,312
3,317.075
7,017,358
988,448
1,152,578
502,833 5,308,711 4,117,900
6.59,955
773,491
267,750 196,241 1.617,162
2,550,195 2.478,167 17,849,203 17,035,499
1,027,637 920,155 5,602,992 4,049,503
6,740,285
2,403,270
the year
OPEIIATIOKS.
Net Earniuj^s Monthly to Latest Dates.— The tables following show the net earnings reported this week, the returns for
each road being published here as soon as received, but not
kept standing from week to week. The figures cover the
latest mun'hs and the totals from January 1, and also the
totals for the fiscal year on those compinies whose fiscal year
does not correspond with the calendar year.
Jan. 1 lo Sept. 30.-,
-Sepltmber
1888.
4«»,3fl8
)
,
177
497
For week ending October 19.
1889.
63,422
9,000
9S7,3flS
420,000
719,820
110,000
234.741
47,000
398,413
92,000
132,148
27,000
395,701
60,000
137,694
30,000
.
766,565'
c.).'
months
3
90,877
27,000
1,047,686
.
1,093
.
.
Julylto Sept.30,
8!».(ii)4
t Mexican curt InclU'Ung linos in which half ownei-ship is hold,
6 Includes the Mciuphls
a Wabash K'way now included.
rency,
division in 1889.
e Earnings of entire system, including all road operated, rt Kichmond & Allegheny in'iluded in both years, j Includes Fort
Worth & li. C. for first three months in both years.
3(1
July 1 to Sept. 30, >
3 months
{Net...
N. O. & Northeast.. Gross.
1.33M,4I4
U,8H,«.51
127. .570
353.510
147,000
Met...
Gross.
Net...
Gross.
Net..
Alab'a & Vicksb'g. .Gross.
Net...
Julylto 8ept.30, ) Gross.
713, 112
;l,!l3-<,32.5
•
& Tex. PacGrosn.
»
Btpt 30l.-«
1889.
1888
«
•
»
321,131 2,706,313 2,674,623
016,022
100,064
79S,42i
1888.
6.481,40!)
2,173, j/7
$10,518,384
$3,874,17*
61-09
$16,474,316
Total expenaes
$8,252,426
Net earnings
66-03
Per cent of operating expenses to eam'fcS
INCOME ACCOCNT.
Seceipl»-
Net tarnmgs
Other income
Total set income
DisbitrsemeiiU—
on debt
Interest
DivhUnds
Rate of dlv'dencU
Total disbursemenU
Balance'
1887-9.
JJ^??;^.
*8,8-4.1T5
$?,2V2,426
225.,
'273,064
78
$9,099,953
*-..«.*..
_
^
^^'"^'^JL
*"?^i''iL»
972,490
3,460.920
7 on pt.; 5 on c om. 4'ionpf.
$8,526,490
$8.0'26.961
$70,034,519
def $1,509,029 sur $1,072,992
•
The nniouDt at credit of Iticome June 30, 1888, was 699^18: add
$l,072,95^=fl,772,80O; charsed ofliu 1888-9 (old accounts) $234,1*26,
leaviux balance June 30, 1689, $1,538,682.
>"
—
.
THE CHRONICLE.
578
GENEKAL UALAMO JDNB
MaterialBUI.'*
li'i'l
Buudr> of
1,197.90;")
l!i5.2.54
316.CK):?
5.^3.367
248.327
21,200
2.936,fi09
1,095,333
1.316,612
HlscellaDoous
ToUl
$187,639,764
atsets
$192,565,005
LiabUitiet.
1888
Btofk, common
Stock, prpferred
Funded debt.
1889.
$39,868,961
21,610.900
$39,680,361
21,61' ,900
123,76^,0110
118,989,000
3,154,322
Pay-rolls, vonohers, &o
Interest accrued, not due
3,451. (>02
2.183,076
3,47 -,49 7
103.761
699.818
11»,8~9
1,538,682
MisceUaneous
Income account
$187,689,764
Total llaDUltiee
$192,565,005
Cleveland Cincinnati Cliica^o & St. Loais Bailway.
(Statement July 1, 18S9.^
Mr. M. E. iDKalls, the Ph-esident of this consolidated company, the new "Big Four," makes no annual report, but simHe says: "On the 27th of
"a statement as of July 1, 1889.
Jly
une, 1889, the Cincinnati Indianapolis St. Louis & Chicago
Railway Company, the Cleveland Columbus Cincinnati &
Indianapolis Railway Company and the Indianapolis & St.
Louis Itailway Company were consolidated under the name of
the Cleveland Cincinnati Chicago & St. Louis Railway Company, and from the first day of July, 1889, the accounts and
operations of the three constituent companies have been
merged into the consolidated company."
After enumerating the several Unes embraced in the system
he remarks that it makes "altogether 1,422 miles of main
track owned or oijerated by the company, with 28 miles of
double track on the various divisions, and 413 miles of sidings;
a total of 1,863 miles of track together with 47 miles of
Dayton & Union Railway, partially owned and operated in
harmony with this system, and 56 miles into Chicago over the
Illinois Central, over which our company, by contract, controls
;
the making of rates and management of traffic to and from
«
*
* " The equipment of the consolidated
its system."
company on the first of July consisted of 333 locomotives, 295
passenger cars and 12,971 freight cars."
The gross earnings of the entire system, consolidated, for
the year ending June 30, 1889, were...
$11,453,992
The operating expenses were
7,594,171
Net earnings
fixed charges of the new company for bond Interest,
rontalc, and taxes (the later being estimated) will be
The
$3,859,820
capital stock of the new company consists of $10,000,000
of preferred stock, dividends on which are limited to 5 per
cent, and $30,500,000 of common stock.
balance sheet of
the company, as of the first of July, will be found below.
map showing the railway of the company and the country
through which it extends is given in the Investors' Supple-
A
ment.
" By the purchase of additional cars, a large saving in
exi)enses can also be made, as the consolidated companies paid
out last year, in mileage to foreign roads, about 1300,000, or
the interest, at 6 jjer cent, on $5,000,000, whUe the expenditure
of probably one and a half miUions would carry the balance
to the other side of the ledger. Altogether, for new equipment, terminals, sidings and double track, it would seem very
desirable that a fund of $2,500,000 should be provided, and this
subject shall have the consideration of your Directors at an
early date."
UALAKCE 8HKKT
.JULY 1, 1889.
A.»Klt.
OonstruetloD
Big Four
'4
rain Elevator.,
General Supplies
.''.
C. L. A C. By. Fir,st Mortgage Bonds
C. L. A C. Ry. Second Moit;iage Bonds
C. H. A O. Ry. First Mortgiigs Bonds
K. AS. Ry. First Murtgage Bonds
v. G. A R. Ry. First Mortgage Bonds
C. AS. Ry. Second Mongaire Bonds
D. A U. R. R. Inionie Bonds
C. L. A C. Ry. Preferred Stock
Harrison Branch R R. Stock
F. F. A M. R K, Stoek
V. Q. A R. K. R. stock
"
C. H. A G. R. K StocK
C. I. Ht. L. A C. Ry. Stock
D. A U. R. R Stoek
C. C. 0. A I. Ry. Stock
Central U. D. A Ry. Co., CSnciiinati, Preferred Stock
Central U. D. A Ry. Co Cincinnati, Common Stock
Union Depot Co Columbus, Stock.
Blver View Ilotel ,o. Stock
.!!!...!
'."."..".
Gallon Stoek Yards Co. Stock
—
,
.
Indianapolis
UnUm Ry
.".'".'.
Ciuclnuiiti ('liaiuber of (L'ommeroe Certl&cates
'.."!
Various Lands. Ac
Bond Redemption Fund
Advances o Branch I.Iuea
Ci;i. A 8l)rlnullel(l Uy. Advanoeg
Special
.'...'."..
$45,303,500
215,757
409.571
258,000
840,000
27,'i,000
325.000
450,00f
526,000
12,000
17.S.6S,"i
200,000
80,001-
37,520
1,S,275
700
6,002
8, too
200,000
A
V. G.
A
Ry. Debt Account.,
K. AS. Ry. Houd Interest
C.
R. Hy. loii.striieiion Accotint..
A (i. Ry. Coiistruction Account.
Louis lixlensicm
Mt. Gllcad Short, Line
C.
H.
St.
Lees Credit Balance K.
A S. By
$54,423,693
Liabilities.
Capital s-.ook. Common
cauiral Stock. Preferred
C. A I. K. K. First Mor-gage Bonis. 18(h2
C. & I. B. K. Second Miirtgage Bondi>, 1867
I. C. &L. K. K. Funded Coupon Bonds
r. O. A L. R. R. Ml rtgiige Bonds. 18(i7
C. I.St. L & C. Ry. First Cousol. Six I'or Cent Mtg. Bonds.
0. 1. Bt. L. & C. Ky. «en'l First .Mtg. Four Per Cent, Bonds.
B. At. B. B. First Mortgage Bonds
A
C. C. C.
C. C. C
0. r. C.
1.
I.
I.
$20,500,000
io,ooo,roo
297,000
742,000
23.750
395.0J0
77-1.000
6,776.000
21(;.00O
Ry. First Mortaago S. F. Bonds
By. First Consol. Mortgage Bon Js
Ry. General Cousol. Mortgage Bonds
3,000,000
4,073,000
3,205,000
A T.
A I.
A St. U R. R. First Mortgage Bonds
A St L. Rv. First Mortgage Bonds
2,000,f;00
500,000
20.091
1,072,060
207,787
159,356
3,768
-.
5,851
Payable
Audited (includes June, 1889, Pay Rolls)
Accrued Interest on Bonds not due
Bills
Bills
Coupons Unpaid
Dividends Unpaid
I. A St. L. R. R. Second Mortgage Bonds Unredeemed
800
r. C. A L. R. R. Eiiuipment Bond Untede«med
AC. R. R. Mortgaee Bond, 1858. Unredeemed
BaUncc to Credltof lucomc, July 1, 1889
1,000
449,538
I.
$54,423,693
Total
Cincinnati Jaclisou & Macliinaw fiailroad.
fFor the year ending June 30, 1889.^
The average mileage operated consisted of main line, 321
mUes, and leased lines, 23 miles, making a total of 344 miles.
KARNINGS AND OrEBATlNQ EXPENSES 18t:9 89.
S588,631
491,119
Gross earnings
Operating expenses
$97,511
Net earnings
While the earnings have not been as satisfactory as desired,
it will be seen by reference to the comparative statement below that the increase for the eight months ending August 31st,
1889, was remarkably good.
MO -THLV QROtS ANO NET EARNINGS
PK0.M -lAK. 1,1888, TO AUG, 31, 1889
Earning^,—
-— jj'oss
1889.
1888.
$43,216
41,909
47,752
44,662
47.159
46.745
50,337
69,460
$33,411
32,931
39,040
39.615
40.510
46,777
45,419
59,769
57,188
54,728
50,580
49,498
Uonlli.
January
February
March
Aiirtl
MayJune
July
August
September
November
December
*
— Vel Jiarninge.—^
1889.
1888.
$3,057 *$I,624
*340
3,6»-0
5,297
9,245
6,152
6,948
4,868
5,070
5,120
S,007
11.087
4,503
24,310 17,888
15,449
12,106
9,276
8,471
Deficit.
The report
says:
" That the increase in earnings has not been greater is due,
in great part, to the inability of the road to furnish cars for
the local business and interchange of traffic with connecting
The cars constantly required for the latter were suplines.
plied by competitors, and thus freight which would have materially increased the gross earnings was diverted.
" In order to provide for this deficiency we earnestly recomment that the equipment and improvements asked for by the
General Manager in his report be supplied. With these additional facilities and the extension of the f'oad as contemplated,
it is fair to presume that the earnings should be largely increased in the near future.
" For betterments and additions—owing principally to the
defective and unfinished condition of new construction there
was expended during the fiscal year $60,789, which amotmt,
with $2,206 paid on liabilities incurred prior to .1887, are
charged to construction and equipment— a total of $62,996."
The amount of capital stock and funded debt are:
Capital stock—
_„„
—
.
$5,86 (.000
10,399,635
Preferred
Common and tcrip
Outstanding eertlflcates
of r. V.
W.
A M. RR.
Co.'s stock.
14,000
excLanatablefoi C. J. A M. common slock
Funded debt (including C. V.W. A. M. ino. bonds, $368,0C 0) 3,634,000
BThe annual charges are as follow6:J ! ^fciv n^'^. "^r ^ ^ ' ""
.
.
,"
,'
,,
Interest on funded debt
Rentals of lease ilines
Taxes (estimateo)
General expenses
fTr.'i.oeO
7....
New York ollice (estimated)
.
18.350
27,000
12,000
GENERAL! INVESTMENT NEWS.
7,"',000
37,298
10,000
2,557
14,60(,
800
71,704
350,855
I
C. L.
30?,644
79,243
Total
October
^2,871,674
The
A
7,441
99,283
United States Qovernmeut
738,000
in treasury
Cash
*5 18,996
Agpu'h' Balances
Acotmntt Kuieivable, Balances due from B. B. Co.'s
Trans. Oo.'s. oto
Sttttioii
1,932.4!U
12,2o0
2,761.41.5
fuel
oumpanf
1889.
fl83,8-<9.871
9179,227.016
S.780,106
n oet vable
XL IX.
rasb In Han>l8 of Treasurer
BUls Rw. Ivalile
80.
AlMtt
Bosdand eqolpment
Bonds and Blocks owned..
Due from aK<>iits, 4o
Due Irom United Btstea aovemiueut
[Vol.
$2,951,814
242,472
117,000
188.703
31,2l«
3,825
13,317
American Cotton Oil Trnst.— The annual meeting of certificate holders was held November 1, and the President, Mr. J.
H. Flagler, made his report. The pro]>erty of the company on
August 31, 1889 (the close of the fiscal year), consisted of a
majority of the capital stock of fifty-five companies, which included crude oil mills, refineries, gins, fertilizing works, soap
factories and lard jjlants; a majority of the capital stock of
eleven other companies with practically the sam" outfit; and a
minority of the stock of four corporations doing business of
the same nature. All of this business had been bouglit originally at a cost of $43,185,328 in certificates of the Trust and
cash.
$1,640,741
The report showed net earnings for the 15 months ended
question was asked how it hapAugust 31 of .$1,655,783.
m
$3,548,3150
6,496
3,541,854
A
:
1
NoviMBiR
2
:
'
THE CHRONICLE.
1889.
679
pened that the net earnings were only $1,655,783 when a circu- Messrs. Kidder, Peabody & Co., the railroad c<mii>aiiy and tho
branch office of the Union Trust Co., at 95 Milk Street.
lar issued in the summer estimated net earnings at ?2,0()0,000.
•' The work
Geti. Samuel Tlujuias, one of the trustees, said that the circalls tor the greatest care, tho papers handled
cular had been issued on reports from the various properties of being the same as money equivalent. Bonds presented have
the Trust, which wore believed to be correct. Since tli-.-n,- to be examined for couixins, denomination and numbers,
however, the regular' reports had come in, and the loss of recorded in the name of the owner, put up in packages, certilie said ficate blanks filled in, numbers on the certiflcat.-s entered ott
§1,000.000 by shrinkage of values had been shown.
that when lie had itiveatigatetl the allairs of this Cotton Oil the packages, and certificates signed. Certificates from IKW
Trust he had found that tlie men who had been officially up are called for. It facilitates the work when depositors
conducting its busin-ss had been buying a good deal of oil from take one certificate for a block of bonds, but that is optional.
rival companies when the price was up, and had been obliged The Union Trust Co. has had to increase its force both m New
Tliey had done the York and Boston to extend every facility for the exchange,
to sell out at less than they bought it for.
best they could, but had made a mistake. That account* d for and more clerks will bo a<lded as the work is systematized.
a part of the loss of |1, 000,000. Another thing which contrib- When the office is closed at two o'clock the clerical force will
uted to the loss was the poor quality of last year's cotton-seed often have to work till midnight upon the records, but to
crop. They had kept this fact secret for a number of reasons, accommodate bondholders hours for depositors have been
but it was a fact, and might as well come out that for some extended to 8 P. M.
—
reason the oil liad been of so poor a quality that money did
"Many depositors are satisfied to wait until the certificates
not come in for it as had been expected in the estimates. He can be returned from the Trust Company in New York, and
then spoke of the plan of merging the Trust into a company, such deixisitors find ready accommotlation in leaving their
and said tliat by the plan jiroposed there would be a reduction bonds at the office of Messrs. Kidder, Peabody
Co. Large
in the capital to §31,000,000, thus " pump out some of the numbers of bonds are being received by registered mail and exwater."
press from out-of-town points, and for these, certificates are
Mr. Wm. W. Cromwell moved that the certificate holders returned without delay.
desire that the American Cotton OU Trust be merged into the
"I am not aware of any opposition to the plan. The general
American Cotton Oil Company, and that a committee be ap- favor with which it has been received is best indicated uy the
pointed to consider the plans and arrangements for the purpose, correspondence to this ofQce from all parts of the country.
to i-eport at an adjourned meeting of the certificate holders.
All letters received, with but two exceptions, have called for
The resolution was adopted and the committee wag appointed information as to how bonds might be deposited. The two
as follows: Frederic P. Olcott, Chairman; William L. Bull, exceptions gave no indication of intention not to deposit
Nicholas Sheldon, James H. Benedict, Edward D. Adams and bonds, but asked information in regard to the properties to
Samuel Tliomas.
which the securities related
The ballot for trustees for three years resulted as follows
" To those familiar with the reorganization of railroad
Sheldon
W. P. Anderson, Nicholas
and G. A. 'Morrison. The companies the success of the Atchison plan will be considlast two arc in place of N. K. Fairbanks and Mr. Kendall; the ered as unprecedented.
The plan was announced Oct. 15, and
other is a re-election.
to date the deposits of bonds have exceeded the most sanguine
The meeting adjourned to Wednesday next, November 6, to expectations of any one connected with the company.
hear the reix)rt of the committee.
I am familiar with the largest railroad reorganizations that
The report had the figures following
have ever been carried out the Reading, West Shore, and
Profits for 15 montlis ended August 31, 1889
$l,ni8.012 East Tennessee Virginia & Georgia. I was Comptroller of
Le^e expenses by btoppagc of mills iu Bummer
2S)2,000 the West Shore, with it under the receivers, and turned the
final accounting over to the New York Central.
But one
Net
S1,G55.T83
would have to take these throe railways together to measure
Nei previously up to Miiy, 1888
4,1)42,000
the size of the Atchison reorganization.
Total iiet business from the start
" The West Shore had but a single 1st mortgage 5 per cent
$i.698,«88
Keinesentefl— Cash in hands of trustees
$725. 85a bond for §50,000,000.
It was one of the most magnificent
Caeli at i)rop(;rties
542,801
But Ist
Bil'a ncoivable
701,028 pieces of railroad property ever built in this country.
Products, plant, etc
4,585,161 mortgage bondholders were compelled to scale their principal
50 per cent and on this take 4 per cent. The new 4 per cent
Total
,
$8,554,350
mortgage was for the same amount as the old one, but after
Bills payable
$5,424,319
LcssoflTbels
3,53S,526 foreclosure sale it was foimd that the receivership indebtedness and the expenses of reorganization, etc., took one-half
$1,888,799 the proceeds of new mortgage.
" Bankruptcy reorganizations are very expensive. In the
$4,669,192
Not assets
reorganization of Atchison the entire work is being performed
Atchison Topeka & Sanfa Fe.— Criticisms in some of the
officers of the company, and the paving, as compajred
English papers have been made against the plan, chiefly that by the
other reorganizations, will be no inconsiderable sum.
it is too favorable to the stockholders.
But these criticisms with
" I do not know much about Wall Street or State Street
lack force in this respect that they place too little weight on
views. I never bought or sold a share of railway stock in my
the fact that $80,000,000 of income bonds, both principal and
life.
My duty as an officer, with particularly confidential reinterest, are placed ahead of the stock, which is reaUy of
more benefit to the mortgage bondholders than the proceeds lations to corporations, does not, I consider, admit of such acI can only attribute the unanimity in the
of a ten per cent assessment on'the Atchison stock would have tion on my part.
fau-ness and justice
been and, further, the advocates of an assessment on the acceptance of this plan to the absolute
of securities which the Atchison managestock make too little of the point that such an assessment toward all classes
has manifested in its comprehensive proposal.
would almost inevitably mean a receivership and endless ment
" I am thoroughly familiar with the earning capacity and
litigation, with great injury to the values of nearly all classes
each road of the system and the relation of
of the bonds. As a matter of fact, we have every reason to possibilities of
other part, and a maintenance of the system and
believe that the plan was not framed by those interested in each to every
whole ia absolutely essential
the stock, hut by those who represented mainly the interests preservation of its integrity as a
to all the parts.
of bondholders. 3
" Looking at the railroad geography as it is to-day, and conAn official statement comes from the Atchison Company's
extent of parallel, rival and competing lines in
ofhce in Boston that the principal and interest of both the gen- sidering the
the territory of the Atchison system, it is my judgment, as I
eral mortgage and income bonds projwsed to be issued uuder
every unprejudiced person, that not a single
the reorganization plan are payable in gold, and both classes think it will be of
stand alone."
will be issued in pieces of $500 and §1,000.
The proposed in- part of tills system can afford to attempt to
come bonds are to be secured by the •same indenture as the
Baltimore & Ohio— Columbus & Cincinnati Midland.—An
general mortgage bonds, but subject to the priority both as to offer has been made to the holders of the first mortgage bonds
security and lien, and as to the ijayment of both principal and of the Columbus & Cincinnati Midland RaUroad Company, on
interest, of the general mortgage bonds, thus preventing the behalf of the Baltimore & Ohio Railroad Company, that the
intervention of any other lieu l)etween the general mortgage latter company will guarantee the principal and interest of
and income bonds. The first detennination of the surplus the C. & C. M. bonds, provided the rate of interest is reduced
earnings applicable to the income bonds will be made for the to four ix!r cent per annum.
The C. & C. M. Railroad Comperiod ending June 30, 1890. With reference to the projiosal pany is the Baltimore & Ohio's connection between Columbus
to give voting power to bonds, section 6 of the charter provides and Cincinnati, and has a freight contract with the Baltimore
that the Board of Dhectors shall be chosen by the stockhold- & Ohio, the Central Ohio and the Cincinnati Washington &;
It is
ers, and in the absence of express statutory authority from the Baltimore
raUroad companies, running fifty years.
State of Kansas the voting power could not be given to the claimed by the bondholdei-s that the road nearly earns its
bonds.
present interest and they are not inclined to reduce to four
Vice-President J. W. Reinhart, the chief financial and per cent.
charge
accounting officer of the Atchison sy.stem, is
Boston & Maine— Eastern.— In Boston it is said tliat the
of the reorganization work at the Boston office. In reply proposed basis now imder consideration for consolidation of
to interrogatories from tlie Boston News Bureau, he says: the Boston & Maine and Eastern roads is to double the present
"It is no longer a question of the success of the Atchison Boston & Maine capital stock of §7,000,000, and give Eastern
plan, but of the ability of the railroad and Union Trust .iti.000,000 stock for the present §5.000,000; tins will make
Company forces to handle the millions of bonds offering .$20,000,000, and on this it is figured the company can earn 5
for a deposit under it. Outside people have little idea of (x'r cent.
the enormous amount of detail in this work, but it is being
Called Bonds.—The followmg bonds have been caUed for
conducted in a safe, systematic manner, and as rapidly as
payment
physical power will admit. Bonds are being deposited thnaigli
Syhacuse Geneva & Cornino First mortgage 7s of 1875,
the Mercliants' Loan & Trust Co. in Chicago, at the Union
Trust Co.
New York, and from Boston through the offices of due November 15, 1905, to be paid at the Fanners' Loan
&
'
'
:
—
—
;
m
—
m
&
THE CHRONICLR
580
Trust Comp;inv November 15, 1889; one boud for 8100, No.
lOiO; and 21 boinds $1,000 each:
Nos. .4. 43. SIS. no. 205. 1^35. 251, 327, 311, 424, 505, 539, 811, 613,
741, 7S,0, i 13, 870, &79. 962.
eOti.
& .\11oii — The very large rumor tliat the stock of
company had been actually bought up by the Union Pacific seems to be entirely unfounde<J, and the whole rumor
ChirnKO
this
of any alliance wliatever has but a minimum of truth in it.
President Blackstone remarked, in regard to tliis: "The Alton
has had a favorable traffic agreement with the Union Pacific
Tins agreement will be strengthened
for some time past.
hereafter, but thus far nothing has been done or talked of, but
should tliis agreement be strengthened it will have no referense wliatever to tlie Vanderbilt-Union Pacific combination,
nor any other combination now in process of formation.
"Wlien the jiresent agreement is amended the Alton will be
insured a direct outlet from Kansas City for a term of ten
years, east and west bound business to be mutually ex-
changed."
fjnciimnti Sandnsky * Cleveland.— Tlie annual rejwrt of
the Cincinnati Sandusky & Cleveland Railroad Comi)aiiy for
the year ended Jime 30 "is out. President Farlow says the unsettled matters relating to the old lease will probably be settled
this calendar year. The road has been operated independently
19 months, hi»s paid its charges and preferred dividends from
earnings. an(J from the same and money obtained from the
I. B. & W. road has paid S}.^ ver cent on the commonstock. It
is hoi)ed "that regular and" larger dividends on tlie common
stock can be paid in the future." Maturing bonds liave been redeemed, with the exception of $304,000 Mad River & Lake
Erie 6s and §1.100.000 C. S. & C. 7s. The latter mature June
The
1, 1890, and will be redeemed with 5 per cent consols.
operations for the year show:
Grus" earnings
?^S14,87^
496,336
ExiM.ii;i3, BO-9 per e nt
[Vol.
XLIX.
Little Miami.- At Cincinnati, Octoter 30, a judgment by
default was given by Judge Taft, of the Superior Court, in
the suit of the Little Miami Railroad Company against the
Pennsylvania Company, brought to collect the guaranteed
dividend on the Little 5lianii shares, whicli the Pennsylvania
Co npany refused to pay on the ground that the Little Miami
had not jwrformed its contract as to totterments. The
amount of the judgment is $147,811, and to pay the judgment
an order of sale has been issued for shares of stock held by
the plaintiff by garnishee.
—
Mjssonrl Kansas & Texas. Security-holders desiring to
participate in the reorganization plan of Messrs. Olcott, Poor,
and others, as published in full in last week's Cheonicle, pages
544, &c., are requested to deposit their holdings with the Central Trust Company before Dec. 23d proximo.
Already the
holders of over §4,000.000 stock and general mortgage bonds
are reported as depositing.
Mr. Edward King, of the Missouri Kansas
Texas Committee, representing the interests of the 7 per cent mortgage
bonds, has made a proposition for a compromise reorganization plan to the Adams Committee, representing the 5s and 63,
but after considering the proposition of Mr. King, Mr. Adams
said that no action would be taken in the matter until word
had been received from the bondholders represented by the
&
Committee in Amsterdam and London. In the meantime
this latter committee publishes a cautionary notice to holders
of 5s and 6s, advising them not to deposit their bonds yet
under the other plans issued.
New York Lake Erie & Western — New York Pennsylvania
— A Cleveland
dispatch states that the Erie and the
& Ohio have settled the differences
which have threatened to involve them in litigation over the
lease.
By agreement all questions of rental, claims, etc., between them will be submitted for final settlement to arbitra-
&.Ohio.
New York
Pennsylvania
tion.
Net camlDKS
Add 35 i« r cent, Clneumatl
$318.S42
94,606
& Sinlni,fleld rtnlal
$413.14=
281,045
Total net
Fixed charges and
i>:ef
Bilan'e
Less rental C.
C.
&
8.
rred dividend..
KR.
ft'.
lu Mcli. 11, '88, to
April
Baliince
Add interest OD
1, '89.
$132,103
36,596
$95,506
553
d> posits
Surplus for jear, 2*4 per cent on common (tock.
Total nominal surplus June 30, 1889
$96,06
)
$l(i8,098
—
Cincinnati IVasliiiigton & Baltimore. The purchasing
committee have taken possession of the road, and an arrangenient with the Baltimore & Ohio Company has been made
whereby the holders of the reorganization certificates representing the 4J^ per cent 1st mortgage bonds received on
November 1, interest on the deposited bonds from 3Iay,
Holders of the Cin. Wash. & Bait.
1889, to January 1, 1890.
RR. i}^ per cent 1st mortgage bonds not deposited under the
plan will receive tlieir interest by presenting their coupons to
the Farmers' Loan & Trast Company. The riglit to deposit
these securities has been extended by the committee to No-
Tember
26.
Cleveland Ci'clnnati Chicago & St. Louis.— At the annual meeting held at Cincinnati on the 30th inst. the following Board of Directors was elected: C. Vanderbilt, W. K.
Vanderbilt, C. M. Depew. J. Pierpont Morgan, George Bliss,
H. McK. Twombley, James D. Layng, S. J. Broadwell. A.
McDonald, M. E. Iiigalls, W. P. Anderson, A. Townsend, J.
Barnett, B. S. Brown.
The directors were authorized and
empowered
to
Clarlnda
&
make
the necessary contracts for the acquisition of the Ohio Indiana & Western on a basis that should
keep the fixed charges of the latter within §435,000 per annum;
the arrangement with the Cairo Vincennes & Chicago and
the Terminal R.R. Association of St. Louis were also approved.
The C. V. & C. is to be acquired on the basis of an issue of
$."5,000,000 fours secured by a mortgage on that line to bo
given to the old bondholders.
St. Lon Is.— Receiver F. M. Gault, Council
hasbeen directed by the Court to sell this road toTlie road formerly was a part of the Wabash
extends from Clarinda to Roseberry, Iowa, 21
Bluffs, Iowa,
day (Nov.
system
miles.
years.
;
2).
it
The road has not paid
its operating expenses for some
There are $260,000 outstanding bonds.
Fort jHadison & Northwestern.— This narrow guage road
his been sold in foreclosure. The purchasers are a syndicate
representing the Fort Madison Birmingham & Western Railroad.
The
1
rice jiaid
was
$.50,000.
Indinnapolls Dccatnr & Western.— About $1,000,000 of tlip
fii-st mortgage bonds have teen deposited with the
Central
Trust Co. under tl»e agreement dated Oct. 1. Foreclosure proceedings will he pushed as rapidly as possible. It is said that
a syndicate has teen formed to pay off the 1st mortgage holders and to purchase the road at the sale.
A dispatch from
Indianapolis reports Mr. Pierce, the counsel of tlie company.
a** saying that the I. D. & W. is to go into Russell Sage s big
consolidation, and te made the connecting link between the
Cincinnati Hamilton & Dayton and the Iowa Central, in eon
nection with the Peoria Decatur & Evansville, which will be
used between Decatur and Peoria. This is not a sale of the
L D. & W., but a close agreement, which will be of mutual
advantage.
Ohio Indiana & "Western— Cleveland Cincinnati Chicago
The reorganization plan for the O. I. & W., by
St. Louis.
which it is proposed to rehabilitate the property by including
it in the " Big Four " system, will be ready to submit to the
security holders in a day or two. At the meeting of the C. C.
C. & St. L. stockholders on Wednesday, the directors were
empowered to make a contract with the O. I. & W.. on a basis
—
&
that should not entail fixed charges exceeding $435,000.
Ohio Sontliprn.
—Holders of second mortgage income bonds,
in accordance with the arrangements made, can exchange their
bonds at the Central Trust Company, 54 Wall .Street, for the
new
general mortgage 4 per cent bonds on the following basis:
For each §1,000 bond and §180 cash, with interest accrued
from 1st November on the amount issued for cash, the Trust
Company will deliver $1,200 in new general mortgage 4 per
cent Donds.
Old Colony,— The report to the Massachusetts Railroad
Commissioners for the quarter ending Sept. 30 shows the following:
GrofS ORi-ninga
fxpenscs
Nrt earnings
Otlierincome
.'.
Total tet
Charges
1889.
$9.241, ITl
1,464,830
1=83.
$2,13!,421
1.401,462
$776,741
75,700
$730,959
$352,441
$:»25,4S2
41l?,054
414,340
$434,387
$511,142
•
Surplus
194,523
—
Railroad Syndicate. One of the late rumors of heavy railroad combinations has been concerning the so-called Sage-Dillon syndicate. President Dexter, in Cincinnati, speaking with
reference to the rumor that a syndicate with §150,000,000 capital under a steamship and railway charter recently granted
by the State of Connecticut would control the Cincinnati
Hamilton & Daytcn Railway, said: "I know -that such a
charter was obtained several months ago. All the rest of the
rumor is mere imagination. Nothing has thus far teen done
under the charter of which we have any knowledge, and I
have received no intimation that the purpose of the parties
who have obtained the charter is as alleged." The rumor was
that the syndicate, headed by Russell Sage, would control the
Wheeling & Lake Erie, Dayton Fort Wayne & Chicago,
Louisville New Albany & Cliicago, Minnesota & Northwestern and the Iowa Central.
—
Bio (Jrande Western. The Central Trust Company gives
notice that on and after Novemter 4 it will deliver the new
securities of the Rio Grande Western Co. in exchange for the
Rio Grande
Trust receipts. Holdei's of the old Denver
Western bonds will receive the new bond carrying the coupon
payable Jan. 1 and §600 in preferred stock. Old stock will te
exchanged for new, share for share,
&
—
Notice is given to holders of Union Trust
receipts under the plan of reorganization of the
Sutro Tunnel Co. that delivery of the securities of tlie Comstock
Tunnel Co. will begin at the office of the Union Trust Company, No. 73 Broadway, New York City, on Friday, the loth
day of Novemter, 1889. Holders of Union Trust Company
receipts will, upon presentation of the same, receive the bonds
and stock certificates to which they are entitled and interest
on the receipts from January 1 to Septemter 1, 1889. on which
latter da'e interest commenced running on the tends.
Sntro Tunnel.
Company
tW
tor baluDcc
ot*
investment iieun see paae ^70.
I
..
'
November
2,
.
l^HE CHRONICLE.
1889.]
%cpoxis
.
.
atijft
^ocmntnts.
CHICAGO MILWAUKEE &
ST.
681
COMPARATIVE 8U.MMARY OF OPERATION.
•
Orosa Earnings,
PAUL RAIL-
1888
1889
$24,726,741 '62
25,422,559,22
WAY COM PANY.
I
|
Increase
$095,817 80
Operating Expense*.
TWEKTY-FIFTH ANNUAL REPORT— FOR THE FISCAL YEAR
ENDING JUNE 30, 1880
The President and Directors submit to the stockholders the
following report of the business and operations of the Company for the year ending June 30, 1889, and of the condition
of its property and finances at the close of that year.
By an act approved February 28, 1889, the Legislature of
the State of Wisconsin amended the Articles of Association,
and provided that the fiscal year of this Company shall end
June 30th instead of December 31st, as heretofore; that the
time of holding the annual meeting shall be in September instead of June; and that the Directors elected in June, 1889,
shall continue in office until the annual meeting in September, 1890.
Tlie fiscal year now covers the same period as that
for which reports are required by the Inter-State Commerce
Commission and the State Boards of Railway Commissioners.
At the annual meeting held in June last, the stockholders
approved the action of the Board in authorizing the execution
of a general mortgage to the United States Trust Company
of New York, covering all the railway property and franchises
of the Company, to secure au issue of $1.50,000,000 of general
mortgage gold holds payable May 1st, 1989.
The purpose of this issue is to retire and refund at a lower
rate of interest the bonded indebtedness of the Company; to
provide funds for the extension of its railway and for additional equipment, real estate, and such other improvements
as may be ordered by the Board of Directors; to pay oflf the
bonds issued by the Chicago Evanston & Lake Superior Railway Company on its railroad and terminal property in the
City of Cliicago, previously acquired by this Company, and
to reimburse this Company for expenditures made in constructing and equipping such portions of its railway as were
not covered by any of its mortgages.
Of the bonds so authorized, §6,000,000 bearing 4 per cent
interest have been issue i representing the cost of constructing
and equipping about 178 miles of railroad not theretofore mortgaged, and the amount expended by the Company in paying
oflf and canceling
$3,500,000 first mortgage bonds of the
1888
1889
$16,474,.316 62
1 6,548.385
I
41
|
Increase
$74,068 79
Net Earnings,
1888
1889
$8,252.42.5 00
8,874,173 81 (Increase
1
$631,74861
Tons of Freight Carried.
1888
1889
7,675,984
7,769,875
1
|
Increase
Number of Passengers
1888
1889
6,730,065
7,888,332
Miles
1888
1889
I
|
Increase
Run by Revenue
18,906,445
18,609,618
98,041
Carried.
1,158,2«7
Trains.
1
Decrease
Mileage of Loaded Freight Cars.
1888
1889
178,908,923
173,687,993
Mileage of
1838
1889
296,827
1
I
I
Decrease
Freight Cars.
5,220,030
Empty
64,856,236
67,006,364
1
Increase
2,150,038
Cost of Operating Road per Revenue Train Mile Run.
1888
87-14ct3.
1-78 eta.
88-92 cts.
1889
Increase
Gross Earnings per Mile of Road.
1888
$4,433 70
1889
4,480 54 Increase
$46 84
Operating Expenses per Mile of Road.
|
I
|
1
1
1888
1889
$2,953 97
2,916 53
I
Decrease
Net Earnings per Mile of Road.
1888
1889
$1,47973
1,564 01
$37 44
|
1
I
$84 28
Increase
Average Miles of Road Operated During the Year.
1888
5,577
I
Evanston Company, of which S.'J.OOO.OOO have been sold.
97
1889
5,674 Increase
Of the remaining bonds, a sufficient amount is by the terms
The average rate per ton per mile received for freights, for
of the mortgage reserved to retire, dollar for dollar, the una series of years past, has been as follows, viz.
derlying divisional and other bonds issued or assumed by tlie
.2-38 cts.
1883.. ..1-39 cts.
1874.
Company, and the balance is to be applied to the other uses set 1865.. .4-11 cts.
I
:
forth in the mortgage. If, as is confidently expected, all outstanding bonds of the Company can be refunded at 4 per cent,
an annual saving of about $2,400,000 in fixed charges will be
effected.
The miles of railway owned and operated are as follows:
MILES OF TRACK.
Main track owned solely by this company
5,669-47
Main track owned jointly with other companies
8'68
Total length of main track
Second and third tracks and connection tracks
owned solely by this company
Second and third tracks and connection tracks
owned jointly with other companies
5,67815
68'14
2'84
this
70'98
company under agreements
tracks, hidings and spur tracks
solely by this company
Yard tracks, sidings and spur tracks
jointly with other companies
44*81
owned
1,071'60
owned
Total length of vard tracks, sidings
spur tracks
Total miles of track
16"53
and
1,088-13
6,883-07
The miles of road constructed during the year are as follows:
"From Evanston to Hill Street, Wilmette, in Illinois, 1-63
miles, at a cost of $93,340 87, to preserve ordinance rights.
From Maquoketa, to HurtsviUe, in Iowa, 2-34 miles, at a
cost of $22,627 90, to reach lime kilns at the latter place.
From Lapham Junction, to Zeda, in Wis., 2-C6 miles, at a
cost of $24,260 06, an extension of the Mather branch of the
Wisconsin Vally Division, to reach bodies of timber.
The lines of road are located as follows:
In
In
In
In
In
In
317-78
1,310-09
1,574-73
1,120-17
140-27
miles.
miles.
miles.
miles.
miles.
1,21511 miles.
lUinois.
Wisconsin
Iowa
Minnesota
Missouri.
Dakota
Total length of
main track
1875..
1876..
1877..
1878.
1879.
1880.
1881..
1883..
cts.
cts.
cts.
cts.
cts.
cts
cts.
cts.
.2-10
.2-04
.2-08
.1-80
.1-72
.1-76
.1-70
cts.
cts.
cts.
cts.
cts.
cts.
..1-29 cts.
..1-28 cts.
..1-17 cts.
..1-09 cts.
..1.006 cts.
..1-059 cts.
1-48 cts.
in some items of operating
expenses during the year, it will be seen by the statement
herewith that it has chiefly been in those which do not pertain
to maintenance of the property. It is the policy of the Board
to permit no deterioration of the property of the company,
and the expenditures for maintenance during the year have
While there has been a reduction
its improvement.
Eighteen thousand and thirty-eight tons of steel rails and
1,900,623 cross-ties have been put in the track, and there are
now 3,986-80 miles of main track laid with steel and 1,691-35
miles with iron rails.
About two miles of pile and trestle bridges have been filled
with earth, and a large number of wooden culverts have been
replaced with iron, thus making a permanent way and avoiding a large and constantly recurring expenditure for renewals.
The excess in cost of filling, over renew-iug in wood, haa
beea charged to permanent improvements.
The improved cjndltion of the motive power of the company is indicated by the decrease in fuel enieuse some portion of which is, however, due to the mildness of the winter
5,67815 miles.
—
of 1888-89.
During the year 40 locomotives have been purchased at a cost
lOhavebecn scrapiied, and 5- too light for servicehave been sold. 20 passenger coaches have been purchased at
a cost of $95,612 07, and one rotary snow plow, at a cost of
of $375,700,
$15,000.
Twenty-four caboose cars, costing $18,514 45, 1 mail car
costing $3,103 65 500 lumber and furniture cars costing $217,932 97 and 100 refrigerator cars, costing $75,335 92, have been
built at the West Milwaukee shops. In building these cars, the
company has made some saving in repair expense, by using
its surplus capacity of machinery.
The company has expended during the year, for viaducts,
sidewalks, crossing-gates and other improvements required
;
bv public
authorities, the
sum
of $134,245 9).
seems sui>erfluous to add to what has already been given
to the stockholders from various sources and in various forms,
relative to the traffic complications that have prevailed during
the past year. It must be apparent that the sources of the
worst complications have been ill-advised and restrictive
and needless railways— some of them conlegislation
"It
The following statement shows the earnings, expenses and
to traffic for the years ending June 30th, structed for speculative purjwses.
of these evils has proven the
1838 and 1889, respectively.
statistics relating
1884..
1885..
1886.
1887..
1888..
1889..
cts.
resulted in
Total length of second and third tracks and
connections
Tracks owned by other companies, but used by
Yard
1866. ..3-76
1867. . .3-94
1868.. . 3-49
1869.. . .3-10
1870.. ..2-82
1871. ..2-54
1873. . .2-43
1873.. .2-50
It is
a question which
greater.
The
latter
is
THE CHRONICLK
.')&2
for
the ooniplications whicfi }iav(>
unstable rate^.
It was to mitigate tliis evil,
princiimlly,
that the Inter-State
Commerce Assooiatiou
w|Bs formed. To that association this Company has liitlierto
given its hearty support and co-operation, deeming its object
vital to railway interest-s, and the experiment deserving of a
fair trial.
In some cases it has operated to the detriinent of
tlie interests of this Company, without producing any general
good. On the whole, however, it has hitherto proven a
iMjueiit, although the failure to secure the co-operation of important lines has, from the outset, impaired its usefulness and
prevented a full and fair trial of its methods. It has been demonstrated, however, to be the best form of agreement that has
been devised, and it is hoped that the co-operation of outside
lines may yet be secured, so that its objects may be accomplished as nearly as is practicable and its continuance assured. It
IS idle to exi)ect that any association or agreement for securing
stable rates can be a complete succeis so long as pools are prolubit«d.
The expedient of a physical division of traffic must
necessarily prove a fruitful source of dissatisfaction both
to the public and to the railways, and the only methods by
which it can be accomnlished are of doubtful legality. It is
therefore to be hoped tnat pools will eventually be legalized—
under the supervision, if need be, of the Inter-State Commission—and tliat ijool contracts will be subject to enforcement
by the courts.
The increasing influence of foreign competition excites apprehension as to its ultimate effect on American railways, It
IS a competition of railways built for political and niilitary
purposes with government subsidy and definite guarantees to
the ownei-s; with the advantage of free markets for materials
and supplies, both for construction and operation, and with
freedom from taxation and the burdensome restrictions with
which American railways are encumbered, as well by State as
by National legislation. Tlie result, thus far, has been principally a diversion of through traffic. The loss of through traffic
me^ntably impairs the ability of railways to give the best service to local traffic; and therefore the narrow view of this
subject, wliich would permit the diversion of thi-ough traffic
to foreign lines, because some sections may, for the time
being, ship their products at a lower rate
consequence,
ought only to be accepted when the public are prepared to
accept all the results of such a policy in respect to all American mterests and industries.
It is not easy to suggest a complete remedy for this condition
of things. It is obvious that neither American laws nor the
jurisdiction of American courts can be extended into foreign
States; and therefore the least that should be done is to amend
the present statutes, so as to leave no doubt of the freedom of
American railways to meet foreign competition unembarrassed
by any doubt as to whether they may be sustained by the
courts
mailing such rates as may be deemed necessary for
that purpose without affecting their local rates or subjecting
them to danger of prosecution for discrimination.
For details of operation reference is made to the statements
of the General Auditor.
By order of the Board of Directors,
.^^
priniiirily
m
m
ROSWELL MILLER,
President.
Sqatember, 1889.
IOWA CENTRAL RAILWAY.
MORTGAGE OF THE IOWA CENTRAL RAILWAY
COMPANY, SECURING $7,650,000 GOLD BONDS DUE
JUNE 1, 1938.
FIRST
Date.—Au^Mst 1, 1888.
Parties— The Iowa Central Railway Co. of
the Mercantile Trust
Balance at prcdit, July
Gross camlugs
Ist,
qi a ^«
Soaq
'^^^•^'**
"**>
22
i?8,874,173 81
9,099,051 67
.
^Q 700 7TA
.
"
7,054,470 99
234,126 10
d arcoimts cliavwd off
Ulvirtcud >o. 37, piiyahlc Oct. 22d, 1888,
2Jj!
p. c. on .*2 ,010,900 prof er'd stock.
Dividend No 38, payable April 2«, 1889,
2 p. c. on $21,610,900 prefci'd stock ..
(\'i
,
&
Also the railway extendingfromMoninouth Junction, Peoria
County, III., to a point near low- water mark on the easterly
bank of the Mississippi River, at Keithsburg, in Mercer County,
lU.; and also the equal undivided one-half part of the railway
extending from a point on the Peoria & Pekin Union Railway,
the westerly line of the city of Peoria, to Monmouth
Junction, as the said railway is now or may hereafter be completed and acquired between the respective" points aforesaid.
[Several of the linos above described being not yet constructed, the mortgage covers of completed road only the following Albia, la., to Northwood, la., 189 miles (12 mUes of
this ^Jlanly Junction to North wood being leased to Bur. Ced.
Nor.); Oskaloosa, la., to a point on tlie JUssissippi River
Rap.
opposite Keithsburg, 98 mUes Keithsburg, III., to Monmouth
Jimction, lU., 26 miles Monmouth Junction to Iowa Junction, 63 miles (in which the company has one-half undivided
interest); and branche.s to Montezuma, 14 miles. Story City, 36
miles; State Centre, 28 miles; Newton, 28 miles; Belmond, 22
miles; total, 504 miles.]
Also all rights of way, roadbed, finished or in process of
construction, depots and other buildings, depot grounds,
gravel pits, quanies and real estate, and all rolling stock, fuel,
materials and supplies now owned or hereafter acquired for
said railways, and all privileges, rights and franchises relating
thereto, and all other corporate property, real and personal,
of the mortgagor, together with all rents, issues and profits of
the property.
neai-
—
:
—
&
;
;
432,218 00
8,261 087 59
Balance at credit June 30th, 1889
$1,538,682 44
GENERAL ACCOUNT JUNE
30Ta, 1889.
Dr.
^.
$183,889,871 34
^nall t^'cUttc^-ol^^rer- Coml
Balances due from Agents. Conductors, eU-
Due from United States Oovernm't.
$1,197,965 10
195
Miscellaneous Accounts
Stock of Material and Fuel on hand.
Bills Receivable...
Mortgage Bonds of the Company
unsold, held in Its Treasury
Cashon Hiind
''oS
316,003
1,346 611
1,932,400
12,200
92
20
85
95
00
738,000 00
2,93 6,009 56
^^
Funded Debt
Pay Rolls, Vouchers and
$21,610,900 00
39.868,96100
Ac^-oimts.
2,183,076 34
Interest Couixtus not presented
Interest accrued, not yet payable..
43,925 66
3,478,496 81
Dividonda l!nclalnied
Income Account
8,673,134 58
$192,565,005 92
Capital Stock. Prcferre<l
Capital Stock. Common
75,9«>3
Mortgage 5 per cent 50-ycar gold Bond.
18S8.
Denominutiot/.~$l,(H)0 each.
mnnn
A
ulhoi
isec—
t
A
$7,650,000.
Principal P-jynh^f.—Jnne 1, 1938, in gold coin of the United States of
the present standard weight and tineness at the company's agency In
1,
Inlerrsi l'ui/al>lc.—\t the rate of 5 per cent per annum on June 1 and
A, in
lit iLuv,
like ,^..1.1
gold ,^vi»i
1,
coin ,,i
at ?ai,i
said ci^e,tv,>
agency.
giatriiliiiti.—Iitmtlii arc coupon lionets with privilege of registration
U'gii
wliicii registration may be discharged by atransfer to
as to> principal,
_
bearer. Registration does not affect riegotiabillty'of coujions by de-
livery
.
merely
—
The personal property and chattels hereby
conveyed shall be real estate for the purposes of this indenture, and except in case of property released by the Trustee
shall be used and sold therewith, and not separate therefrom.
To'"'
panies.
Da^f.— August
Covenants.
540,272 50
1
and
AM
December
..ii.u,.!
for the year
O
the first part
York, Trustee, of the
New York City.
225,777 86
Tntercst accrued for ycarontuntleadcbt.
New
THE BOND.
l«s80i)cratmgexiicn8C3(mcliidingtaxes) 16,548,385 41
Neteamlngs..
Income from other sources
of
Ti-opert!/ Covered.—
the lines of railway built or to be
built by the company, extending as follows: Tliat from a point
in Davis Comity, on the south line of Iowa to Oskaloosa about
60 miles, along the line formerly owned bv the Iowa Central RR.
Co., and thence northerly, via Marshalltown and Ackley, to
the north line of said State. Also the following, all in
Iowa: that from New Sharon, Mahaska Co., to Newton, Jasper Co., about 28 mUes; that from Oskaloosa to a point on the
Western bank of the Mississippi River opposite Keithsburg,
III., about 98 miles, with a branch from
Winfield. Henry Co.,
to Burlington, Des Moines Co., about 34 miles; that from a
S)int in Elliot township, Louisa Co., near the west bank of the
ississippi River, to Burlington, about 2.i miles; that from
Ottumwa, Wapello Co. to the road from Oskaloosa to the
Mississippi River at a point in Keokuk Co., about 14 mUes;
that from Hampton, Franklin Co., to Btbnont, Wright Co., 22
miles; that from Minerva Junction. Marshall Co., toStoiy City,
Story Co., about 36 miles; that from Grinnell Junction, Poweshiek Co., to Montezuma, 14 miles; that from Newburg, Jasper
Co., to State Centre on the Chicago
N. W. RR. in Marshall
Co., about 28 rtUes.
First
1889.
1888
$25,122,.'559
Company
second part.
STATEMENT OF INCOME ACCOUNT
FOH THE FISCAL TEAR EKDING JINE 3»rH,
Total
XI IX
rt^spoiisible
prcMluceil
Ket revenue
[Vol.
$61,479,86100
T>1
^r"! fwin no
00
^-»''«3'""0
t>7
I'ltl'.fm 44
$192,565,005 92
company shall make all neces.sary repairs' and replaceto keep up the property, and shall seasonably discharge
all taxes, etc., which may be imix)sed upon it.
The property
shall also be kept free from any incumbrances or charges to
prejudice
of
the
this indenture, and no conveyances shall be
made to the detriinent thereof. The company shall also make
all such further deeds, etc., as shall be reasonably required.
Release of Property.— The Trastee may release property
unfit for use or no longer needed, but substitutes for the same
shall be subject to the lien of this indcnttu-e.
The Trustee may, upon the written request of the company,
convey from time to time any part of the lines of railway,
situated in the State of Iowa', which formerly constituted the
eastern division or the branches of the Central Iowa Railway,
to any person to whom the same sliall have been sold by the
company, upon the payment to the Trustee of S15,000of bonds
hereby secured, with all unmatured coupons attaclied, for each
mUo so conveyed and released, and bonds so received shall be
canceled.
Whenever the Tniatee shall receive any funds applicable to
the redemption of the bonds of this issue the same shall be expended in the purch.ose of said bonds at the lowest market
rate, and bonds so purchased shall be canceled.
Default. In case of default for six months in the payment
of interest or in the performance of any agreement herein contained the Trustee upon a r&iuisition in writing by holdera of
Tlie
ments
—
November
3,
THE CHRONICLE.
18t9J
663
And also all lands, tenements and hercditamcntH now owned
one-fourth in mterest of the outstanding bonds sliall enter
until tlie same be sold or sur- or liereafter acquired for the purposes of said lines, and all
rendered to the comi^any, applying the net income over neces- appurtenances, rights of way, buildings and fixtures of every
sary expenses to the payment of interest in the order of its kind, and all leases and rolling Bttx;k, and all other property,
maturity ratably to the" persons holding the coupons, and after real, poi-sonal or mixed, now or hereafter held in connection
the payment of all interest due, the Trustee, if no proceedings with the same, and all rights and franchises relating to said
be then ijending for foreclosure or sale, shall surrender the railroads, including the franchise to be a corporation, which
property to the company subject to the terms of these pres- are now or hereafter i)OS8essed. Together with all improveupon and operate the property
ments and additions, and
ents.
The company upon any default as herein specified
mediately upon demand deliver up the property
will imto
the
Trustee.
In case of default as above stated, continued for six months,
the Trustee, upon requisition in writing by holders of a majority in amount of the outstanding bonds, shall declare the
principal of all the bonds due and payable, without notice to
the company.
If the principal of the bonds shall become due and payable,
and shall not be paid according to the terms thereof, and such
default be continued for sixty days, the Trustee, upon requisition as aforesaid, shall proceed to sell the proi)erty at public
auction, first giving public notice by advertisement of such
The net proceeds from the sale
sale for six successive weeks.
after payment of prior liens, etc., shall te applied to the payment of the interest in default in the order of its maturity,
ratably to the persons holding the coupons, and, after paying
all interest due, to the discharge of the principal of the oonds.
At any sale of the property under this deed, the Ti'ustee
may at its option purchase the same for the bondholders, provided the price paid shall not exceed the principal and interest due on the bonds; and if but a portion of the property be
But this shall not
sold, that the price shall be reasonable.
prevent any of the bondholders from purchasing, and they
shall be allowed credit, in case of purchase, as so much cash
paid, for so much of the purchase money as shall be a proper
share to which the bonds held by them shall be entitled from
all reversions, rents
and
profits.
It
agreed that the personal property and chattels hereby conveyed shall be real estate for all the purposes of this instrument, except as hereinafter provided.
is
THE BOND.
First
Dale.— M.ar
2,
Mortgage
Per Cent OoUl Boud.
1887.
iioiniHOfioii.—$1,000 each.
AmouHl A ullinrizf.d.— ^,000,000 at the rate of $550,000 for each
mile of railroad nctiially coiiHtriicted mid <>i|iilppcd.
Principal I'ayiihlr.—May 1, 1937, In (fold coin of tlio preaeDt iitaildard of weight and flnciicsH, lawful money of the UuHcmI BtateB, at the
Company's ottlce in Ilroolilyu.
tnltrrxt Paiiiiliie.—At th<' rateof 6 per cent per annum on May 1 and
Novemhor 1 In Ilki^ Riild coin.
Rei/iiiratiov.—liiimyii are all coupon bonds, but may be registered Mid
/>.
transferred at tho ollice of the Trusteo.
Chiaranty.— The Brooklyn Elevated RR. Co. having leased
road during its corporate existence, indorses upon the
bonds the following guaranty
" For value received the Brooklyn Elevated Railroad Company guarantees the payment of interest on the within bond,
according to the terms thereof."
this
:
Attest:
Brooklyn Elevated Railroad Company,
by Henry W. Putnam, President.
Stephen Pettus,
Secretary and Treasui-er.
Article I.— The company may dispose of any property
which can not be advantageously used, but in no case without
the assent in writing of the Trustee; and all proceeds repurchase price.
The company covenants tliat it will not in any manner seek alized from such sales shall be expended in improving the
to take advantage of any present or futiu-e valuation, stay, railroads covered by this mortgage or the rolling stock conappraisement, extension or redemption laws to prevent or
delay the absolute sale of the property, as hereinbefore authorized, or as might, but for such laws, be dii-ected by a court
nected therewith.
default.
—
Article IV. In case of default for six months in the
of competent jurisdiction.
payment of interest, the Trustee may, and upon request in
for
of
acts
its
Trustees.— The Trustee shall not be liable
writing from holders of 60 per cent in interest of the outstandagents, but shall be answerable only for gross negligence and ing bonds shall, declare the principal sum due and payable
wilful defaults.
but a similar percentage in interest of said bondholders may,
All the covenants herein contained may be specifically en- in case of such default in writing, waive their right to declare
jurisdiction.
competent
court
of
forced by any
the principal due upon such terms as such majority shall deem
The Trustee may be removed by a vote of a majority in in- proper, or may annul or reverse the election made by the
terest of the bondholders, attestecl by an instrument in writing Trustee but the action of the Trustee or bondholders, in case
under the hands of the persons so voting.
of any default, shall not affect any subsequent default or imAny vacancy in the trusteeship may be filled by one-tenth pair any right resulting therefrom.
in interest of the bondholders who shall also be a majority of
Article V. In case of default for six months in the paythe bondholders voting at the meeting, and this vote shall also ment of principal or interest, the company shall, upon demand
be attested by an instrument in writing under the seals of the of the Trustee, surrender to said Trustee the actual possession
;
;
—
persons voting. If the holders of said bonds fail to appoint a
trustee within twelve months after a vacancy shall have
occurred, the company shall apply to the Circuit Court of the
United States for the Southern District of Iowa, Central Division, for the appointment of a new trustee, giving such notice
of the intended application to the bondholders as is providrd
to be given in case of a meeting to be held by them.
Bondholders Meeting. Notice of meetings of bondholders
for the removal of a trustee or the filling of a vacancy in the
trusteeship may be given by holders of $500,000 in amount of
the bonds secured hereby, and such notice shall state the inirpose of the meeting and the time and place of holding it. It
shall be published three montrhs daily in New York City, MarshaUtown, la., and Chicago, in one newspaper in each city.
new
of all the property hereby conveyed, with all its records,
books, papers and accounts. And thereupon the Trustee may
operate the railroads, applying the net income therefrom,
after paying all proper costs of holding and managing the
same, including a reasonable comijensatiou to the Trustee, and
all taxes and other liens, prior to the lien of these presents, to
the payment of the interest and principal of the bonds hereby
secured, pro rata, without preference of interest over principal or otherwise.
Article VI.— In case of default for six months in the payment of principal or interest, it shall be lawful for the
Trustee, ujwn demand of holdei-s of CO per cent of the bonds
hereby secured, to sell all the property hereby conveyed at
public auction, having first given notice by publication at
least twice a week for three months. And the net proceeds of
sale shall be applied, first, to the payment of costs of sale, including a reasonable compensation to the Trustee, and all exincurred in operating the railroads, and at the Trustee's
FIRST MORTGAGE OF THE UNION ELEVATED RAIL- penses
reasonable option all taxes and other charges prior to the lien
ROAD COMPANY, SECURING $7,000,000 GOLD BONDS of these presents, and, second, to the payment of the interest
and principal due and unpaid, j>ro rata, without discrimina1, 1937.
tion of one over the other.
Article VII.— "It shall be the duty of theTrustee, npon propDate.—Kay 3, 1887.
Parties.— The Union Elevated R.R. Co. of Brooklyn, of the er indemnification, to execute the powers of sale or entry, or
both, or to take proceedings in law or in equity to enforce the
first part and the Central Ti-ust Co. of New York, Trustee, of
rights of bondholders, upon rojuisition in writing, as follows
the second part.
1. "In case the default be in the payment of principal or inProperty Covered. The following railroads constructed, or
to be constructed, by the company in the City of Brooklyn, terest, the requisition shall be in writing, and signed by 60
altogether aggregating about 12i^ miles in length of double per cent in interest of the tondholders; and thereupon the
track, the same being located, or to be located, as follows, viz.: liirstee shall proceed imder these presents by sale or entry
Route No. 2— Along Flatbush Ave. from Fulton St. to Fifth or judicial proceedingrs, as deemed most expedient.
2. "But in every case in which the default shall be in the
Ave. and thence along Fifth Ave. to the boundary line between
payment of the money secured, or any part thereof (in respect
Brooklvn and the town of New Utrecht.
Route No. 4 Along Myrtle Ave. from Fulton St. to Grand of any covenant or agreement in said bonds or coujwns, or
herein contained), such duty of the said Trustee, and also it«
Ave.
Route No. 5 Along Myrtle Ave. from Grand Ave. to boun- power to make election in the premises, are hereby declared
to be subject to the risht and power of 60 per cent in interdary line between Brooklyn and town of Newtown.
Route No. 7 Along Broadway from the East River to Lex- eat of the holders of the bonds hereby secured and then outstanding, to instruct the said Trustee to waive such default or
ington Ave.
Route No. 9— Along Adam St. from Fulton St. to Sands St., to enforce their rights thereunder; but no action of the said
thence along Sands St. to Washington St., thence through Trustee or bondholders, in case of any default, shall attect
Washington St. to York St., with any turn out or cormection any subsequent default or anv right arising therefrom."
3.— In case the liolders of 60 per cent of the outstandmg
with the New York and Brooklyn Bridge.
Route No. 10— Along Hudson Ave. from Park Ave. to Flat- bonds deem it best, thev mav extend the time for the payment
of any coupons, eitlier before or after maturity thereof, by a
bush Ave.
written direction to the Trustee subscriljed by them. And
[Of the above there are completed about lOJ^ miles.]
—
UNION ELEV ATED RAILWAY.
DUE MAY
.
:
—
,
—
—
—
:
THE CHRONICLE.
684
upon any of the
thereupon no action shall be instituted
of such extencouwns so extendetl until after the expiration
resultmg
STn^Biit such action shall not impair any rights
, .
from any subsequent default.
^
n i.„^„„
taxes
al
ARTICLE X.-h'ho company agrees U> discharge
may
which
imposed
legally
charges
other
assessments or
aLso all necessary
bSome a lien upon the premises, and
and in case of deexuenses of the Trustee hereunder;
shall become due and
fault for thirty days after the same
mSbirorbeendeiianded.as the case may be the Trustee
and interest theremav pav the same, and the amount so pan!
shall forthwith be due and
payment,
such
of
time
the
'{Tom
on
secured
^Vable by the company, and shall be deemed to bemanner,
the same
these presents, and shall be collectible in
conditions, as the mterest
at the same time, and upon the same
mentioned.
or principal of the bonds hereinbefore
Article XII.— The company covenants to keep all agreein any of
ments herein contained, and if default be made
may be obthem, "that a decree for specific performance
W
tained
"
Article XIII.— In any application made by the Trustee to
auenforce the covenants herein, the court applied to s'lall be
thorized to appoint one or more receivers of the mortgaged
proper
premises, and to grant such equitable relief as .shaU be
and adequate.
Article IX.— The Trustee may be removed by the concurrence in such removal of a majority of the Directors of the
companv and the liolders of a majority in amount of the
outstanciing bonds, or without such concurrence of a majority
of the Directors provided the holders of two-thirds of the outstanding bonds so request by an instrument in writing, and if
a vacancy occur in the office by inability of the Trustee or its
removal the Directors of the company and the holders of a
majority of the outstjnding bonds shall have the right if they
agree thereupon to appoint a successor to fill such vacancy,
such appointment being attested by the certificate in writing
of the President and Secretary of the company, and an instrument duly executed by the holders of a majority of the bonds,
and also by the written acceptance of the person or corporaBut if the Directors shall for thirty days
tion so appointed.
good
fail to agree with said majority holders, or if any other
cause be shown therefor, such vacancy may be filled by order
of any court of competent jurisdiction under the proper application therefor bv the holders of a majority of such bonds.
Article XV.— The Trustee shall only be responsible for reasonable diligence, and shall not be answerable for the act or
default of any agent selected with reasonable discretion.
SECOND MOETGAGE OF THE UNION ELEVATED RAILROAD COMPANY, SECURING $2,500,000 GOLD INCOME BONDS DUE JANUARY 1, 1927.
Date.—Uaj 2. 1887.
Parties.— Ihe Union Elevated R.
first
part
R. Co. of Brooklyn of the
New York, Trustee, of
and the Central Trust Co. of
the second part.
Property Covered. The property covered is precisely the
same as in the first mortgage. See abstract preceding.
—
rvoL. xLix.
^ommtvcM
^Ixje
Simes.
COMMERCIAL EPITOME.
Friday Niqht, November
1
,
1889.
Elections take place in several States next week, and in
some of them the contest is diverting attention from business.
In a general way the position of mercantile affairs appears to
be satisfactory. Manufactures are also prospering, with perhaps the single exception of woolens and worsteds, from
which reports are unfavorable. Breadstuffs are steadier, but
the only decided advance is in com and oats. Cotton has continued to move freely. Needed rains have fallen over a large
portion of the country.
Lard on the spot has been duU, and to-day there was more
decline in prices, closing at 6-25c. for prime city, 6-70(a6-75c. for
prime Western and 6-65(3 7c. for refined to the Continent. The
scpeulation in lard for future deUvery has suffered from the termination of the October "comer" at the West. To-'day an
early advance, due to smaller receipts of swine at Western
was followed by increased
points,
ues, the
sales being
3,000 tcs.
offerings at
at 6-47c.
weakening
and 6-36@6-38c
3c. for Feb.
Dec., 6-27c. for Jan., 6-31@6-32c
val-
for Nov., 6-29c. for
for
March.
654
635
635
ES OF LAKD FIITI7BE8.
Wed.
Tvet.
Mon.
6-54
6 52
606
6-32
6-34
6-31
6-32
6 30
6 31
6-34
C'41
6^-8
6-43
DAILT CLOBUta
FBI'
JSatur.
November deliver v
December delivery
January delivery
February (leliverv
c.
c.
o.
c.
March delivery
o.
6-35
6-43
6-34
6-33
Thiir.
6-46
6-29
6-27
6-31
6-36
6-45.
C-28.
e-26.
6-31.
6-35.
Pork has also been weakened by the termination of the October deaUngs in options, and to-day tliQ market was dull and
heavy at $11 75(3$12 for mess, $9 753$10 for extra prime and
$12@$13 50 for clear. Cutmeats have also been dull and weak^
closing somewhat nominal in the absence of transactions.
Quoted: Pickkd beUies, 6i^@8J^c., according to weight;
pickled hams, 9}{(a9^^c. and pickled shoulders, 4}g(g4'4c.;
smoked hams, 10%@ lie; smoked shoulders, 45^@ 5c. Beef
has been quieter, but values are maintained. Extra mess $7(g
$7 25 and packet $7 75(3 §8 25 per barrel ; India mess, §13®
$14 25 per tierce. Beef hams quiet at $12(3 $12 50 per barrel.
Tallow is lower with more doingat 4 7-16c. Stearine is quoted
at 7I2C. for Western and city, and oleomargarine 5^3(ot5J^c.
Butter dull at 18(3 24c. for creamery. Cheese fairly active at
9J^(310J^c. for State factory, full cream.
Coffeeon the spot has been dull and closes lower, with Rio
quoted nominally at 19c., but this would hardly be paid, and
recent sales are without important feature. The speculation
in Rio options quite broke down early in the week, under
improved crop accounts, but made some recovery on buying
to cover contracts. To-day, though fairly active, showed
little change in values, and the close was steady with- sellers
as follows
14-700
14 -6.5c. May
November. ... 14-50o. February
I
THE BOND.
Second Mortgage Income Bonds,
Da(f.-May
2, 1887.
r>enomi»u<cO>i.—$1,000 eacli.
X«'/iori£«(*.—.f 2,500,000, limited to $185,000 for each mile of
railroad actually constructed and equipped.
Principal i-oi/nftte.— January 1, 1927, in gold coin of the present
standard of weight and fineness, lawful money of the United States, at
the company's office in Brooklyn.
Inlerent Puyable.—Oii January 1 and Jiily 1, not exceeding 5 per cent
in each year, such interest "out of its earnings of the next preceding
<:ii: months as its net earnings for that period will pay after paying the
Interest on its jirior liens, and for the necessary epuipments, operating
fxiienses, taxes, repairs and renewals of roadway of its several lines of
la Iroads. Such interest shall not be cumulative or comliined, but shall
be conflued to the net earnings of the six months preceding."
Kefiinlraiion .- This bond shall pass by delivery, and may be registered
and transferred on presentation at the office of the Trustee in New
York.
Default. The provisions respecting default in the payment
of principal or interest in this case (if earned) are in the main
the same as in articles Nos. 4, 5, 6, 7, 10, 12 and 13 of the first
A mouni
—
mortgage, an abstract of which
is above.
The only differences
of importance, beside that resulting from the fact that no interest is due unless earned, being that under Article 4 of this
mortgage a majority interest of the bondholders is required to
waive default, etc., and under articles 5 and 6 the proceeds of
operation or sale after payment of charges, etc., are to be applied, first, to the payment of the interest earned pro rata, and
second to the payment of the bonds due and unpaid pro rata.
Tntstees. Any vacancy in the office occurring from the
resignation, insolvency or inability of the Trustee shall be
filled by appointment made by the Directors of the company,
attested in writing by the President and Secretary of the company under its corporate seal, and the written acceptance
thereof by the person or corporation so appointed. But it the
Directors neglect or refuse to fill such vat^ancy for thirty days,
or if any otlier good cause lie shown therefor, such vacancy
may l)e filled by order of any court of competent jurisdiction
under the proper application therefor by the holders of onehalf in amount of the outstanding bonds, or by an agreement
in writing between one-half of the londholders and the com-
—
pany.a
I
December
14-OOc.
March
January
14 65o.
April
14-85c.
14-70C.
June
July
14-650.
14-iOc.
—a decline of
35@40 points for the week.
sugars have also been depressed, and close at 4 l,5-16c.
for Barbsidoes, 89 deg. test, and.5J4C. for centrifugal, 96 deg.
Refined sugars
test, with rather more inquiry at the dose.
are dull and unsettled. Molasses is nominal. At the tea sale
on Wednesday the offering exceeded 13,000 packages, and
prices were not fully sustained.
Kentucky tobacco has sold to the extent of 1,900 hhds. in
the past month, including 1,350 for export, of which 700 hhds.
old fugs for Spain. Receipts at Western markets liave been
smaller, but this market closes easy; lugs 2i.^(a4J2C., leaf 4i^
@12c. Seed leaf was more active in the past week, sales
amounting to 1,590 cases, as follows: 340 cases 1888 crop New
England Havana, 16(3 35c.; 400 cases 1888 crop State Havana,
12J^(@14c.; 400 cases 1888 crop Wisconsin Havana, 9(311i,^c.;
200 cases 1888 crop Pennsylvania Havana, IKatlSyic.: 100 cases
1887 crop Pennsylvania seed, 8gl3c., and 150 cases 1888 crop
Dutch, 93^(«13i.?c.; also 550 bales Havana, 72i^c.(a$l 15, and
450 bales Sumatra, $1 35(3 $2 40.
On the Metal Exchange the featuie has been the speculation
in Straits tin, which advanced smartly until to-day, when
there was some reaction toward lower figures, witfi sales of
85 tons at ^V>ic. on the spot, 31 -60c. for November and 21 -400.
for January, February and March. Ingot copper has been dull
and closes nominal at lie. for Lake and 9c. for G. M. B. Lead
Pig u-on warrants are
is dull, but closes steady at Z-fi2%c.
dull at the moment, but firmer for future dehverv, closing at
$18-25
for February.
The interior
$17-62;^ for November and
iron markets, though firm, are quieter.
is
in
better
turpentine
supply
and easier at 48^(g
Spirits
Rosins were more active for the low grades; 5,000 bbls.
49c.
common to good strnined going at $1 073j(a$l 123^, mainly
fqr export. Refined petroleum for export has advanced to
Raw
m bbls.
and 9c. in cases; crude in bbls. 7-70c. and naphGrade certificates are dearer a* $1 06@S1 06i^. The
wool market is dull and unsettled. Ocean freights are dull
and rates are barely steady.
7-35c.
tha 8c.
..
.
NOVEMBEB
THE CHUONICLR
2, 1859.J
£85
COTTON.
In addition to ab^ve exports, our tele;^am'i to-night alao
give us the following amounts of cotton on shipbtard, not
Friday, P. M., November 1, 1889,
cleared, at the ports irim^d.
We add nlmilar fi^urej for
The Movement of the Crop, as indicated by our tolf(,Tam8 New York, which are prj^ivrel for our spauial uw by Msaarst
from the South to-night, is given below. For the week ending Carey, Yale & Lambert, 24 Beaver Street.
this evening the total receipts have reached 308,21.') Ijules,
Oa Shipboard, not lUartd—for
against 330,,578 bales last week and 304,."501 bales tlie iirevious
Leatlna
week; making the total receipts since the Ist of Sept., 1889,
Nov. 1, al—
Other
OoailGreat
Stock.
1,925,076 bales, against 1,5.57,049 bales for the same period of
1888, showing an increase since Sept. 1, 1889, of 367,427 bales.
Seeeiplt at-
Mon.
Sat.
Wed.
Taet.
Thur$.
6,290 11,108
5,715
109
Kew Orleans... 16,159 13,-279 27,245 19,243 17,251
5,756
678 1,178
3,227 2,001
Mobile
826
Florida
Baranuah
6,102 9,595 0,866 8,041 7,576
3,748
Brunsw'k, Ac.
Charleston
3,238 3,144 3,470 2,562 2,900
101
Port Royal, <to
860 1,135
808
760 1,081
Wilmington
13
Wash'gton, &o
Norfolk
2,109 3,333 3,387 2,697 3,588
West Point... 3,804 3,379 4,811 1,466 3,194
K'wp'tN'8,&c.
1,138
327 3,098 2,176
New Yorit
2,843
538
87
13
Boston
166
280
70
Boltlmore
103
9,182: 15,539
Qal vcston
El Paso, &c.
.
96
202
Phlladelph'a,i&o
144
350
Total.
Fi-i.
6,«83
54,517
161
7,465 1 00,645
1,434 14,924
52
826
49,718
0,849' 10,597
2,!) 69
18,283
101
1,507
6,241
43
66
5,700
2,230
20,874
18,884
1,184
8,982
771
46
155
89
138
329
192
1,2.59
For comparison we give the foUowin; table showing the
week's total receipts, the total since September 1, 1889, and
the stock to-night, com;^ared with la^t year.
1889.
TMi
1888.
Since Sep.
1, 1889.
Week.
Tni*
Week.
371,484
54,517
161
New Orleans. 100,645
Moiaiie
14,924
Florida
826
Savannah. .. 49.718
Bruns.,&c. 10,597
18,283
Charleston
P.Royal,&o
101
jVilmington
6,241
Wa8h'tn,io
56
Norfolk
20,874
West Point. 18,884
NwptN.,&c
1,184
Hew York. .. 8,982
Boston
771
Baltimore. ..
192
PhU-del'a, &c
1,259
Galveston...
El Paso,&c.
36,871
54,421
45,064
10,562
21,466
222
12,813
253,015
1,223
390,516
61,616
1,809
328,019
31,013
148,238
2,798
59,448
273
66
390
122,540
110,338
6,314
0,565
4,367
1,980
5,484
35,524
24,107
6,361
157,220
00,366
13,707
699
1,618
5,132
3,938
7,323
1,162
188
543,335
98,076
74,752'
7,188
1,139
395,073
55,686
144,549
.
234
.
1,832
894
927
308,215 1,925,076 279,536
Totals
1
1889.
1888.
Total 1889...
80,821
18.556
47,010
Total 1888...
Total 1887...
100,160
105,313
15,991
41,712 30,290
70,830 23,420
Savannah
Galveston
Norfolk
New York
Other porta....
None.
3,700
None.
Galv'ston.&c
Orleans
Mobile
New
Bavannah.
..
Charl'8t'n,&o
Wllm'gt'u,«fec
Norfolk
W't Point, &c
All others
Tot.thisweeli
1889.
The speculation
None.
30,108
:
54,678
100,645
14,924
49,718
18,384
6,297
20,874
20,068
22,627
308,215
1886.
37,059
74,752
7,183
45,064
21,688
12,879
33,521
30,468
14,914
43,494
92,598
11,215
48,507
18,327
7,578
28,434
30,347
8,654
35,514
73,500
12,047
47,200
25,850
8,530
279,536
289,174
271,665
Exporls
Great
BriVn.
from—
Galveston
New
Orleans.
Mobile
Savannah
Brunswick
Charleston
Wilmington...
Norfolk
West Point....
N'portNws.&c
13,553
65,395
7,516
22.570
16,116
4,630
4.600
1S.S90
l^"^'
13.067
21,654
26.181
7,725
44,588
6.007
2.500
6.500
14,198
5,499
30.048
103,200
7.563
74,833
18,116
10,637
7,100
22.390
19,907
this market was feverishly
dealings and swayed by the slightest
influence, and accordingly there was a rally of 334 points in
the afternoon of Thursday on the steadier Southern markets.
To-day there was a buoyant opening on an adverse report
from Memphis regarding the out-turn of the crop in the
Northern belt. But at an advance of 8 «5 10 points the demand
fell off, and under sales to realize part of the improvement was
lost, the market closing quiet and steady.
Cotton on the spot
so far felt the effect of the October corner that the quotation
was advanced i^c. on Wednesday, although stocks had then
begun to show some accumulation. To-day quotations were
reduced J^c, middling uplands closing nearly nominal at
its
41,812
92
72,477
9,500
1,592
3,088
8,415
112,304
10,000
7,959
5,547
forward delivery for the week are .524,800
For immediate delivery the total sales foot up this week
2,243 bales, including 321 for export, 1,922 for consumption,
in transit.
for speculation, and
Of the above
bales
617,470
we
total sales for
bales.
—
25,802
82,637
12,405
40,763
31,632
5,419
29,306
20,402
8,675
33,538
103,315
12,767
42,971
24,831
4,992
28,965
14,432
8,611
274,422
257,041
1889, to A'oi .
Continent.
to arrive.
UPLANDS.
Sat.
I
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary
^Ib.'
16,986
03,052
7,596
178,-51
23,401
10,100
88,«83
66,764
3,600
7,40D
37,845
54,901
60,535
6,490
2,080
154,922
24,402
I
2,184
60
2,2,14
180,796
35,670
ni.:w
328.",->4
86,034
60.S
205,671
25,005
9,551
10,105
19.669
8,401
108
»,5iS7
7S),073 163.30(1
33,400
805,625 1.257.M'8
1
Total. 1S88.
...
114.830
10,159
58,041 !l8;<,830
515,8)9
98.75!
202.4811
S'la
O'ls
Ohs
8ii«
Olig
8'i«
Oils
9>a
10
1
FrI.
Tl>.
778
8»16
9t„ 0^,8
9»8
91%
10»6
10>e
lO'ig 10'.«
8iie
!
0%
10
»'8
10»,«
10'»ig
lOiSa
lOKi
lOs 10^
10^ lOSi lO-H 10^8 10T9 lOSg
:10i5ia lO^'igl 1015,8111,, 11'1« loisu
11% lll^s 1138 ill's Ill's ,im
12
Ill's fll'8
ll's I12
11%
lO'Sm lO'ie
il0»a
Fair
GULF.
llO^s
RIoii|Taeai1Ved Tli.
Sat.
V
">.
8
8
8',«
87,8
9b«
9*, 8
ifM
)l\
1014
10t»,8
10'4
10*,8
10%
10%
11
11
11
Low Middling
758'
7=8
8I4
Frl.
7''8
S>9
89,8
9't«
979
O'g
10% 1039
10U„! 1011,8
10^8
107e
ll>9
ll'is 11»>8
^>\
im
8>i«
0»||
9»8
10>8
107,8
10=8
10^8
ll'lB
It's
,
11%
11%
1214
12'4
12
Wed Tk. PH.
!
7%
7%
HH
8%
1^- l^"
Middling
11»I8
11»8
12>8
mcon Tnea
Sat.
f lb.
9%
10%
ll^ia ll'l«
IIOh
ll'>«
12% 12i«
STAINED.
8
8'l8
0>t8
10»,«
10 >4
Fair
Good Ordinary
Strict Good Ordinary
9^
j
779
8i,8
7Js
8>e
Oh,
95,a
9'>i8
18'- 10>8
io>«
O'e
SALES.
and future deliveries each day during the
indicated in the following statement.
For the
convenience of the reader we alao add a column which shows
at a glance how the market closed on same days.
week are
SALES OF SPOT AND TKAKSIT.
SPOT MXBKET
CLOSBD.
Export,
Con-
j
Spec-
tump. ut'fn ^;rj«,<«^
FUT(;iUiS.
Sate,.^r.
61,991
2,549
12,159
7%
llO
40,329
35,345
7%
I
|
Low Middling
Middling
Good Middling
Strict Good Middling
Middling Fair
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary
Low Middling
Strict Low Middling
Middling
Good Middling
Strict Good Middling
Middling Fair
Wed
Idon ToeB
I
7\
Tlie total sales
74,450
80,956
488
Total.
for
—
MARKET AND
164,398
387,882
7,225
231
488
1889
35,067
2,5 to
2,853
1,
—
—
The following are the official quotations
each day of the past week October 26 to November 1.
were
LowMiddline
1884.
24.121
69,924
2,758
market
in cotton for future delivery at this
25,284
105,210
213.508
7,566
63,703
40,320
20,878
429.308
454.806
lOs^c.
Britain. France
Boston
Baltimore
347,728
|
188.162
229,671
20,550
Great
New York
I'hlladelp'a,&o
1,
166,254
]
10,787
Exported to—
Conti- Total
nent.
Week.
3,138
Sept.
68,677
12,639
90,190
14,357
55,898
for the week ending this evening reach a total
of 328,254 bales, of which 180,796 were to Great Britain, 35,670
to France and 111,788 to the rest of the Continent. Below are
the exports for the week, and since September 1, 1889.
From
^^
4.7M
13,900
18,000
82,172
4.870
40,403
The exports
1.
19,861
2O,.5O0
146,048
16,924
81nceSept.l.il925,076'l557,649!2038,745 16t5,466il662,875;1692,871
Week KniUnij Nox
Exporttd to-
1
168,263
13,068
1885.
37,131
18,937
12,956
j
IflfUitt
27,003
86,753
513,982
1887.
1
121,929
,-.
during the first half of the week under review turned largely
upon weather reports from the South. On Saturday a smart
advance took place toward the close of business, on the prediction made by the U. S. Signal Service that a severe frost
would occur in the Southern States. The temperature did
fall nearly to the freezing point even on the Oulf coast, and
killing frosts were reported from the Northern belt, but the
highest prices of Saturday were not maintained. On Wednesday the dealings in October contracts went out at 9*90c. The
deliveries were about 55,000 bales. The foreign advices were
variable, generally disappointing expectations regarding them.
The
1888.
!
900
Strict
ceiptsat—
3.3(K)
No
13,400
13.200
40.920
1
8.949' 8,191
None.
2,500
None.
8,400
None.
4,000
1,55
None.
46.334
1
None.
2,000
6,700
81,486
In order that comparison may be made with other years,
g' 1 below the totals at leading ports for six seasons.
J.
1,467
13,801
weak, quite local in
713
,557,049
18.367
None.
4,000
12,600
None.
3,700
4,200
23,622
18,000
4,600
14,000
Orleans...
Mobile ..
Charleston ....
TotU.
wilt.
On Wednesday and Thursday
St'Kk.
Since Sep.
1, 1888.
New
Fortign
8,538
Totals this week 47,8921 52.515! 64,078' 49,361 49,461 44,008 308,215
Beceipt$ to
Nov. 1.
v.^^..
817,001
Sat.
.
Dull
'.
321
Mon. Nominal
Tues. Nominal
Weil. Irro;?. at le adv.
Thur. Irregular
Fri...
Total
tiuletatUdeo..
321
290
801
377
292
405
248
i,922l
620 73.300!
''"
SOr
84.600
-.377
77.4001
202
70.200
40."
7l..->00,
2'l
...J
„...!
-
2,;;
daily ilelivertcs given above arc actually delivered
previoim to that on wlUcli they are repotted.
The
'
....
....
....
....
,
tli«
....
day
—
j
...
';
THE CHRONICLK
586
Thx Sales and Prices of FurtJEES
are shoirn by the
[Vol. XLiy.
The Visible Supply of Cotton to-night, as made up by cable
The Continental stocks, as well as
is as follows.
those for Great Britain and the afloat are this week's returns,
and consequently aU the European figures are brought down
But to make the totals the complete
to Thursday evening.
figures for to-night (Nov. 1), we add the item of exports from
including
in it the exports of Friday only.
the United States,
1889
1888
1887
188G
bales
445,000 2b3,o6o 43S,0()0 345,000
Stock ^t Uverpool
and telegraph,
following comprehensive table:
Stock at Loudon
Total Great Britain stock.
Stock at Hamburg
Stock atBreniou
Stock at Amsterdam
19,000
7,000
37,000
16,000
464,000
1.600
21,700
4,000
290,000
1,700
8,400
2,000
475,000
3,700
36,600
18,000
361,000
300
1,400
16,600
6,000
8,000
95,000
3,000
22,000
8,000
4,000
300
500
200
900
72,000
2,000
29,000
5,000
5,000
146.000
2,000
10,000
4,000
9,000
1,100
124,000
4,000
28,000
7,000
11,000
Total Continental stocks
167,000
125,900
230,400
199,500
Total European stocks ....
[ndla cotton afloat tor Europe.
631,600
38,000
605,000
33.000
513,982
117,708
111,401
415,900
24,000
410,000
17.000
617,470
194,451
18,965
705,400
44,000
606,000
45,000
684,477
560,500
41,000
482,000
44,000
670.687
247,939
20,000
Stock
Stock
Stock
Stock
at Antwerp
at Havre
at Maraeilles
at Barcelona
Stoek at Ti-ieste
Amer.
.
cott'n afloat for Europe
Egypt.Brazil.&calltforE'r^pe
Stock in United States ports
Stock in U. S. interior towns..
United States exports to-day.
.
269,75'i
32,213
400
Total visible supply
2,070,691 1,097,786 2,386,842 2.066,1 16
Of the above, the totals of American and other descriptions are as follows;
American —
Liverpool stock
Continental stocks
American
.
United States stock
United States interior stocks.
United States exports to-day.
Total American
East liiOiaii, Brazil, Ac.
Liverpool stock
London stock
Continental stocks
India afloat for Europe
Egypt, Brazil, &c., afloat
170,000
101,000
482,000
670,687
247,939
20.000
1,737,091 1,479,886 1,886,442 1,691,626
—
Total East India, &c
Total American
175,000
19,000
88,600
38,000
33,000
105,000
7,000
64,900
24,000
17,000
204,000
37.000
170,400
44,000
45,000
176,000
16,000
98,500
41,000
44,000
343.600
217,900
500.400
374,500
1,727,091 1,479.886 1,886,442 1,691,626
Total visible supply
2,070,691 1,697,786 2,386,842 2,066,126
5ii,,d.
5iii,d.
5»8d
SHd.
Oigc
lOSsc.
9i3iec.
Q'^efi.
Price Mid. Upl., Liverpool....
PriceMld.Upi.,
234,000
CO.OOO
606,000
684,477
269,752
32,213
178,000
61,000
410,000
617,470
194,451
18,965
270,000
79,000
605.000
513,982
147,708
111,401
bales
Europe.
afloat for
New York...
t^ Tlie imports into Continental ports this week have been
46,000 bales.
The above figtires indicate an increase in the cotton in sight
to-night of 372,905 bales as compared with the same date
of 1888, a decrease of 316,151 bales as compared with the
corresponding date of 1887 and an increase of 4,565 bales
as compared with 1886.
At THE Interior Towns the movement that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1888^is set out in detaU in the
following statement.
—
tQ^
eg
°9^
a
O."
p
2.++
.
.
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so
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-
SB
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10
H' OS 10 Oi OS
Inolnde* sales In September, 1889, for September, 147,600.
^p" We nave included In the above table, and shall continue eaefa
Areek to give, the average price of futures each day for each month. It
will be found under e«oh day following the abbreviation " Aver." The
cd"^
tts
w:
CO
h-
'X-vlOlit. C-IO CD
to
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^CO'l-'rf*tDWWOyttOOQ»f^M#».OtOX
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COCncDOtOO<:,'^I<OOSto>-<IOto03CDO:OS
OS «X O X H OS en
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OS OS 10 <l to
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*
Average for each month for the week
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coxxocoo>coooo^osc;>tovirf>^cccooos
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—
OCOCOODXXlOO
N
tP-XX01tO
1888 flgiires are (or Palpstiue. 1 1883 tl^ures are for Petersburg, Va.
The HKiires for Louiaville in both years are " net."
This year's flgures estimated.
OOrf>>X-
>
lOMMto
**ppcn:Dppppsrf^H«fcopot*^cocDCOM
XM
W
CC V'cD *»
OD
to CD CO
<i 01
for Nov.
•03 pd. to exch. l,5on Dec. for Feb.
•12 pd. to exoh. 500 Nov. for Mch.
24 pd. to exoh. 1,000 Nov. for Apr.
H»
M
MM p
W
**
OS xb w y< «b
XQxeOtOOO X
The following exchanges have been made during the week.
Even 100 Dec.
<*^
00
CO
is
Wednesday, lOOOe.: Thursday, lO-OOc; Friday, 10-05«.
•02 pd. to exoh. 100 Jan. for Nov.
•04 pit. to ^xcli. 100 Jan. for Doc.
ilven 4,«00 Nov. for Deo.
•H pd. to exch. 200 Jan. for July.
O
OSOtOCOOkCDCO
also given at bottom of table.
Traugferable Orders— Saturday, 10-550.; Monday, 10-55c.; Tuesday,
10-55C.;
M
QOMtO
C7t
!-
>>i
rffc
CO to
s
.
November
«
.
THE CHRONICLE
2, l8(fl.J
The above totals show that the old interior stocks have
increased during the week 36,233 bales, and are to-night 46,743
bales less than at the same period last year. The receipts at
the same towns have been 1,474 bales less than the same
week last year, and since Sept. 1 the receipts at all the towns
are 81,861 bales more than for the same time in 1888.
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:
CLOSIWO QnOTATIONS FOR MIDDLrNQ COTTON OX —
Week ending
Xnv.
1.
Sattir,
Qalveston.
New Orleana
Mobile
9'i«
OHj
9'18
Savannah
05,
.
^on.
Tiies.
Wednes.
Thuri.
9'i8
9i«
gas
9'i8
913
93s
9'l8
91a
9^8
938
9'i,
9 la
913368
9=8
9»8
9i>,,
9^
Charleston.
Wilniingtou
O'a
9%
91a
9»18
9^1
99,8
Norfolk.....
Boalrjn
10»8®?t
1058'*%
10=8»%
Au^ista..
Memphis
...
Louis
Gluoinuati
..
..
10%
9'4'»°|6
9»16
..
Loui8\'illo.
lOMa%
10%
10%
Baltimore..
Philadelphia
9it„
99l6
IOI4
1014
10%
10 '4
10%
10%
9%
9%
10
10
Atlanta
9»i«
Ga.
Columbus, Misa
£ufauJa
9
ColHml)ii.s,
9I3
918
Rome
914
91a
91a
Selma
Shreveport
Plantations.— The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption;
they are simply a statement of the weekly
movement from the plantiitions of that part of the crop which
finally reaches the market through the outports.
Wuk
RtceivU at th« ParU. St'k at InUrior Towm Rec'pts from Plam 'n».
1887.
Sept. 27
4.
Oct.
••
11
"
••
Not.
18.
.
.
88
1
.
1889.
1888.
1888.
1887.
a.M,746 12fl.3»8 191,833 118.991 61,474
251, 1^8 IMO.MS 245,374 147.999 98.810
878.876 ^50.044 873.609 179,580 139,667
871.71)9 863.26:1 304,51)1 289,700 174,971
•294,934 270,707 320,5-8 888,753 19t<,88<
280.174 879,536 308.215 301,961 221 90i
The above statement shows:
1.
1887.
18(19.
1888.
1889
39.78S 275,158 153,38S 205,066
76,761 880,884 827,304 888373
111.205 .308 457 298.101 80a,(l53
138,374 .321.919 29S,S67 331,6-0
157.613 333.9->7 294, 'IC 339,817
178,506 388,38a 303,058 :<89,108
—That the total receipts from
the plantations since September 1, 1889, are 2,091,138 bales; in
1888 were 1,764,176 bales; in 1887 were 3,816,876 bales.
2.
That, although the receipts at the outports the past week
were 308,215 bales, the actual movement from plantations was
329,108 bales, the balance going to increase the stocks at the
interior towns.
Last year the receipts from the plantations
for the same week were 303,058 bales and for 1887 they were
322,382 bales.
—
The thermometer here haa
88.
No
precipitation during
month of October.
San Antonio, Texas.—We have been without rain all the
week. The thermometer has ranged from 43 to 85 and averaged 64. Rainfall for the month of October one inch and six
the
hundredths.
Lnliny, Texas.— The weather has been dry all the week.
Average thermometer 63, 1 ighest 86, lowest 40. During the
month of October the rainfall reached seventy-two hundredths
of
an
inch.
Coluynbia, Texas.— Dry weather has prevailed throughout
the week. The thermometer has averaged 61, the highest
being 84 and the lowest 88. Rainfall during the month of
October nil.
Cuein, Te-vas. There haa been no rain during the week.
The tlicrmometcr has averaged 66, ranging from 44 to 88. No
rainfall during October.
Brenham, Texas.— We have had one light shower this week,
the precipitation reaching four hundredths of an inch. The
thermometer has ranged from 48 to 86, averaging 64. October
rainfall twenty-one hundredths of an inch.
Bellon, Texas. The weather has been dry the past week.
Average thermometer 59, highest 84 and lowest 84. Rainfall
for the month of October nil.
Weatherford, Texas. There has been no rain during the
week. The thermometer has averaged 64, the highest being
83 and the lowest 45. October rainfall one inch and one hun-
—
—
—
New
919
918
Receipts From the
Ending—
no damage whatever anywhere.
averaged 63, ranging from 38 to
dredth.
9 14
Nashville
Raleigh
10
at other important
Montgomery
.
038
9"18
9^,»
9'8
10
Little Eoclc ....
.
10%
9^8
10
The closing quotations to-day (Friday)
Southern markets were as follows:
tt^H
9%
10%(t''8
10>a
9'Ji8
l>
9'8
973
10
O^i
9:%
9<lr,
St.
9%
il38
10%®79
10-'8®%
9'>p^®S8
9^18
9'l6
91a
9%
9%
9'»,6
911,
FrU
687
week.
Orleans, Louisiana.
—There has
The thermometer has averaged
—
all
the
Rainfall for the week one inch and
The thermometer has ranged from 39 to
Shreveport, Louisiana.
six hundredths.
83, avei aging 69.
been no rain
67.
Columbus, Mississippi.— It has rained on two days of the
week, the rainfall reaching seventy-five hundredths of an
inch. Average thermometer 50, highest 80 and lowest 86. October rainfall seventy-five hundredths of an inch.
Leland, Mississippi.— The weather continues favorable for
gathering the crop. We had a light rain on the morning of
the 30th. The thermometer has averaged 59'3, the highest
being 83 and the lowest 32.
Clarksdale, Mississippi. Telegram not received.
Greenville, Mississippi.
Telegram not received.
Vicksburg, Mississippi.— The week's rainfall has been
twenty hundredtlis of an inch. Average thermometer 64,
highest 87 and lowest 44. Rainfall for month of October
—
—
thirty-five hundredths cf
Little Rock, Arkansas.
an inch.
— We had light rain on Monday night
and quite hard rain on Tuesday and 'Tnursday nights and more
is threatened.
The rainfall reached one inch and eighty-seven
hundredths. There has been frost on two nights in this vicinity.
The rain will cause a cessation in picking for several
days and it is claimed will necessarily entail some los.'s, as the
crop is all open in this section and where not gone over will be
kno'jked out by the rain. The thermometer here has averaged
57, the highest being 73 and lowest 86.
Telena,
Arkansas.
— It has
rained on one night, the precipi-
Amount of Cotton in Sight Nov. 1.—In the table below tation reaching forty-five hundredths of an inch. There has
we give the receipts from plantations in another form, and add been frost in this vicinity on two nights. Picking w progressto them the net overland movement to Oct. 1, and also the ing rapidly many farmers say they are about through. The
;
thermometer here has averaged 62, ranging from 85 to 82.
October rainfall fifty-three hundredths of an inch and the
thermometer averaged 60-5.
1886.
Memphis, Tennessee. —-It has rained on two days of the week,
and more is threatened. The rainfall reached fifty-six hun1,615,166
dredths of an inch. Killing frost was reported in this vicin231,624 ity on Monday morning.
Picking has made good progress,
but receipt-i have been delayed bv low water and the switch1,847,090
19,635 men's strike on the railroads. The strike is now ended, and
32,000 next week's receipts will be very heavy. The thermometer
here has ranged from 38 to 76, and averaged 56. Rainfall for
1,898,725 the month of October seventy-five hundredths of an inch on
takings by Southern spinners to the same date, so as to give
•ubstantially the amount of cotton now in sight.
1889.
1888.
1887.
Eaoeiptsattheports to Nov. 1. 1,925,076 1,557,649 2,038,745
Interior stocks on Nov. 1 In
excess of September 1
166,062 206,527 278,131
I
1
j
1
Tot. receipts from plantat'ns 2,091,138 1,764,176 2,316,876
Net overland to October 1 ..
14,060
9,092:
39,462
Southern consumpt'n to Oct. 1
38,000,
36,000
35,000
Total in sight
November
1..
2,143,198 I,80J,268 2,391,338
four
Northern spinners' takings to
Novcmberl
220,544'
282,6371
338,172
232,646
bo seen by the above that the increase in amount in si?ht
to-niaht, a» compjired with last year, i.s 333,y:i(> bales, the decrease as
compared with 18S7 la 248,140 balea and the increase over 1.S86
U 214,473 bales.
It will
—
Weathb^i Reports by Telegraph. Our reports by telegraph from the South to-night indicate that in the greater
part of the cotton belt the weather has been favorable, and
that picking has made good progress. In some districts
of the Atlantic States and Arkansas, however, rain has interfered with crop gathering. Killing frost was reported in the
vicinity of Memphis on Monday morning, and light frosts at
points in Arkansas and North Texas.
Oalveston, Texas. The weather has been dry all the \\eek.
The thermometer has ranged from 56 to 82, averaging 69.
During the month of October the rainfall was nil.
Palestine, Texas. We have had hard but welcom.? rain on
two days of the week, the rainfall reaching one inch and
twenty hundredths.
Light frost occurred in this vicinit.y on
one night, doing no harm. Average thermometer here 62,
highest 85 and lowest 38. During the month of October the
rainfall reached one inch and twenty-one hundredths.
Huntsville, Texas. It has been dry all the week. The
thermometer has averaged 61, the highest being 86 and the
lowest 38. Rainfall during the montli of Ootoher nil.
Dallas, Texas. The weather has been dry all the week. In
many sections there were light frosts last Sunday, but_doing
—
—
—
—
d<av9.
—
Nashville, Tennessee. It has rained on two days of the
week, the rainfall reaching eighty-six hundredths ot an inch.
Average thermometer .54, highest 76 and lowest 35.
Mobile, Alabama. It has been shower}- on one day of the
week, the rami all reaching two hundredths of an inch. The
thermometer has avoiag«i 65, the highcot being 81 and the
lowest 45. Month's rainfall eight hundredths of an inch.
had rain on two days in the
Montgomery, Alabama.
early part of the week, and it has been raining to-day continurainfall
reached ninety-nine hunously since morning. The
dredths of an inch. The thermometer has averaged 60, ranging from 39 to 81. October rainfall one inch and one hundredth.
have had rain on two days of the
Selma, Alabama.
the week, the rainfall reaching one inch and eighty-one hundredths. The thermometer has ranged from 89 to 85. averag-
—
—We
— We
ing 02.
Axiburn, Alabama. Rain has fallen on three days of the
week to tlie extent of one inch and fifty-two hundredths.
Average thermometer 57-4, highest 78 and lowest 39.
Madison. Florida. Telegram not received.
Columbus, aeorgia.—Rain has fallen on two days of the
week to the extent of two inches and thirty-five hundredths.
The thermometer has averaged 60, ranging from 48 co 70.
Savannah. Georgia. We hi»ve had rain on two dayi of the
week, the rainfall reaching thirty-four liundrodths of an inch.
The thermometer has ranged from 45 to 78, averaging 60.
—
—
—
—
.
)
.
.
'XHE CHRONICLE.
588
—We
had general rain on three days in
Augusta, Oeorgia.
the early part of the week, but the latter portion has l)een
clear and pleasant. The rainfall reached one inch and fortynine hundredths. Accounts continue good. The crop is developing finely. Average thermometer 59, highest 81 and
lowest iO. Rainfall for October one inch and fifty-nine hundredths.
Charleston, South Carolina.— 'Rain has fallen on one day of
the week to the extent of sixty-eight hundredths of an inch.
The thermometer has averaged 61, the highest being 79 and
the lowest 47.
Stateburrg, South Carolina.— It has rained on two days of
the week, the rainfall reaching two inches and sixteen hundredths. The thermometer has averaged 55-2, ranging from
41-5 to 66-5.
Wilson, North Carolina.—"Ra-in has fallen on one day of the
•week, to the extent of one inch and forty-one hundredths.
The thermometer has ranged from 45 to 69, averaging 56.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3
o'clock October 31, 1889. and November 1, 1888.
Kot. 1, '88.
Oct. 31, '89.
Feel.
K ew Orleans.
.Above
.Above
.Above
.Above
.Above
MemphiH
Kashville
Bhreveiwrt...
yictBburg
low-water mark.
low-wat<?r mark.
low-water mark.
low-water mark.
low-water mark.
1
Inch.
Incli.
Feet.
•A
4
3
3
3
4
1
1
13
16
1
3
6
Mise ing.
8
s»
XUX,
[Vol.
—
Manchester Market. Our report received by cable to-night
from Manchester states that the market is steaiy for botli
yams and shirtings. Business is moderate. We give the
prices for to-day below, and leave those for previous weeks of
this and last year for comparison:
1889.
Twist.
d.
d.
1888.
8I4 lbs.
Shirtings.
32< Cop.
,8.
d.
B.
Sep27:8li8a89,6 6
aB's 6
«8ia 6
" 188
SS^i!
'•
25 8
a8Hi 6
Nov.l 8
a8»a 6
Oct. 4 8
'•
11 8
d.
87
®7
2
2
'a,7
2
Oott'n
Mid. 321 Cop.
IwUl.
Uplds
d.
d.
6u,g 7'8
6',, 7''8
6'4
779
0>i< 7''8
55i
7's
5>i,„ 7''8
d.
d.
R.
s.
97
1t8^ 6
»838 G
«8:<8
OotVn
Mid,
8'4 lbs.
Shirtings.
»7
^7
57
37
«7
6
lipids
d.
d.
1
6
1
5'Bi»
5'r
1
5ii.:s
«8^ 16
1
a838 16
1
r>V
®7
1
5111
«8% 6
Annual Cotton Review for the Season of
8.7
2
«7
2
2
Ellison's
In our editorial columns will be found an article in
which we give the figures from Mr. Ellison's annual review
of the European cotton trade for the season of 1888-89, as
received by us to-day by cable.
Jute Butts, Baooino, &c.— There is a good demand for
1888-89.
bagging and orders are coming in more freely. Sellers have
lowered their prices and are now quoting 8;g 10c. as tCquality,
which has stimulated trade. Not much inquiry is reported for
jute butts and the market is dull and nominal at 1 '70.81^1^0.
for paper grades and 2(2232C. for bagging quality.
India Cotton Movement from all Ports.— The receipts
Domestic Exports of Cotton Manufactures.— Through
and shipments of cotton at Bombay have been as follows tor the courtesy of Mr. S. G. Brock, Chief of the Bureau of
the weei and year, bringing the figures down to October 31.
Statistics, we have received this week a statement showing
BOMBAT RECEIPTS AND SHIPMENTS FOR FOUR
Shipments IMi week.
Ttar Greai OontiBriCn.
nent.
Sh-ipmentt MJnee Jan.
Continent.
QrttU
Britain
TottU.
TEAR.*.
Receipts.
1.
Since
Thi*
Week.
Total.
Jan.
1.
4,000 4,000 370.000 857,000 1,227,000 10,000 1 ,709,000
'216,000 629,0001 845,0001 3,000 1,306.000
...
2,000 3,000 5,000 368,000 683,O00!l,051,O0O 9,000 1,506,000
5,000' 7.000 324.000 680.000 1,004.0001 9.000 1,431,000
2,00
1889
1888
1887
1886
According to the foregoing, Bombay appears to show
increase compared with last year in the week's receipts of
7,000 bales, and an increase in shipments of 4,000 bales, and the
shipments since January 1 show an increase of 382,000 bales.
The movement at Calcutta, Madras, and other India ports for
an
the last reported week and since the 1st of January, for two
"Other ports" cover Ceylon,
years, has been as follows.
Tuticorin, Kurrachee and Coconada.
Shtpmintt since January
Bhipmenltfor the week.
?•
Great
I
Oontinent.
Britain,
Total.
B/i^L.
Continent.
1.
ton [colored
»nd
Total.
35,000
26,000
45,000
60,000
80,000
86,000
1889
1888
7,000
1,000
8,000
61,000
39,000
18,000
10,000
79,000
49,000
8,000
4,000
3,000
1,000
11.000
5,000
104,000
71.000
53,000
34,000
157.000
105,000
1889.
—
and Ireland
yards
Other countries In Earope
British North America
Mexico
Central American States and
British Hunduras
West Indies
*»roat Britain
Argentine Republic
BrMll
United States of Colombia...
Other countries In S. America
China
other cnuntries In Asia and
Oceanicu
Africa
B37.0B1
1889
1888.....
Total all—
200.000
136,000
11,000
13,000
3,000
2,000
8,000
11,000
16,000
104,000
316.000
240,000
1
i
that the movement from
2,000 bales le^s than the same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1889, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO E3BOPE FRO.M ALL INDIA.
The above
totals for the
the ports other than
week show
Bombay is
1889.
Shipments
to all Europe
from—
Bombay
All other ports.
Total
1888.
1
1887.
1
]0}.Sil2
l:!3.338
2,004.5l'S
1.803.332
77.481
942,841
8»,«iltl
879.837
726.806
7,315,3U9
10.247,583
ThU
Since
Jan.
1.
4,000 1,227,000
11,000 316,000
week.
13,6o6
Since
Jan. 1.
845.000
240,000
This
week.
Since
Jan.
1.
5.000 1,051,000
5,500 410,000
15,000il,543,000| 13,OOOll,085,OO.ol 10,500 1,461,000
—
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexandria, Egypt,
1889.
October 30.
Keccipts (oantars*)
This week
Since Kept.
1
1888.
150,000
503,000
180,000
892,000
This
week.
Since
Sept.
1.1
ThU Since
week. Sept. 1.
Exports (bales)—
lo Liverpool
l.S27,7u'
5.58.9.293
855.289
19g.tl2»
51J-.H54
79.120'
6.npo,222
».022.Tt9
3,836.137
1,017,408
179.58'
678.53
3.S7.~M
6.070.36'.<
1.513.4.'i4
1,(I4I.2I«
J.«5I.Mli
l,221,7e0
l.Siil.OOO
13.7»I.52t
2J.200.O3l
2»,379.07»
800.310
88.147
207,410
1,334.11^
5,712,194,065.881
2,588.357
4,983,594
1,156.788
80a.8"H
8011,939
45,572
10.4(,7,777
$•0727
Values of other ManufactureB of
Cotton exported to
Great Britain and Ireland
1888.
6.473,800
5.487.221
9,242,35*
2.1-69,056
5,696.182
1
2.1il9.25i>
;<,4il9,297
7,011.591
5.0:!7,374
91,401.281 101.744,806
t6.529.012
$-0714
»7,1!43,920
t2«5.2S3
9.542
I3S8.487
14.12»
14.561
60.315
261.125
16;.03«
21,861
288,815
$-0692
—
Germany
ITrance
British
North America
Mexico
Central American States
128.285
176
1.5H7
1.307
4,700
461
l.»5.',
22.873
2»,901
10,384
9,531
&
151.064
12.1-81
l:<3,277
British
Honduras
West Indies
United States of Colombia
Other countries In So. America.
Asia and Oceanicu
. .
Africa
Other countries
Total value of other manufactures of
AffKrenate value of all cotton Koods
9.059
6,069
2.2hS
3.288
23,150
9.514
6.968
tlI5,10«
1717,564
60,826
68,963
18.175
80,940
246.087
9.204
20.545
4,511
6.145
8.178
7,2:!l
22,«9ti
12
879
30,268
68,688
86,1(97
6S.187
214.285
9,255
38.901
»U7,734 tl.S0T.572 $1,319,128
$901,449
$7,886,581
^•^.SflS.Ol
East India Crop.— The report of the Revenue and Agricultural Department of India on the cotton crop in the Bombay
Presidency at the end of August is- as follows
:
This
week,
Alexandria Rkceipts and Shipments. Through arrangements we have made with Messrs. Da vies, Benachi & Co., of
ToCoutluent
1869.
1888.
983.256
Total yards of abOTe..
Other countries tn Europe
All otbers-
Sept. 30.
uncolored)
exporUd to—
Other countries
Madras—
•
QuantUifiof Manufactures of Cot- Month endlnj Sept. SO. 9 mot. ending
Total values of above.
7alue per yard
Calcutta—
1889
1888
1889
1888
the
exports of domestic cotton manufactures for September, and
for nine months ended Sept. 30, 1889, with like figures for the
corresponding periods of the previous year, and give them
below:
1887.
190,000
720,000
1
\\
!
ThU
Since
week.
Sept. 1.
1
j
11,000' 59.000
7,000
14,000
3,000|
8,000
14.000
Total Europe
A cantar ia 9B pounds
1
34,000 12,000: 57,000
16,000 3,OoO| 18,000
73,000 lO.OOol 50,000 15,000
75,000
This statement shows that the receipts for the week ending
Oct. 80 were 180,000 cantars and the sliipmeuts to all Euiope
14,000 bales,
In Kliaudelsli, which contains about 950,000 acres, or more than nine
tenths of the total area under cotton iu the Dcccan, the season has
been favorable. Sowing rain in most parts was timely nnd caused considerable Increase in area. Except in a lew i>laee8, where It is alfeoted
by a break, the crop is good ana floweriug. In Auialuer area 59,000
acres. Sowing rain good, but subsequent rain deflcient. Condition
middling and more rain is wanted. Nasik and Ahmednagar, where
early rain was seasonable, have respectively 14,000 and 55,000 acres,
or almost double of last year's acreage. Break in August iii.juriously
long and crop withering. In AUmednagar the recent fall between 4tn
aud 6th September hjis improved the prospects, but from Na&ik no
change for better has yet been reported. In the South Deccan districts
the reported area Is 8,100 acres, against 15,100 acres last year. Sowing rain was deflcient and Uie sc asou late, heme decrease. The same,
remarks apply to the Deccau Jughirs, for which the reported area i»'
2,100 acres.
The report relating to the condition of the crop up to August
31, 1889, in the Northwestern Provinces and Oudh, is as
follows:
The rains set in early throughont the Proviuces and except in eertaln
limited tracts is Roliilkhand continued normal. Rain has lieen generally very well distributed with sullicient iiiterfals of tine weather for
weeding. Total area estimated at 16 per cent more than last year's
and proipabl.v fully up to average'ootton area for last Ave years, namely. 1,0(JO,000 acres.
Condition reported at 88, a full average crop
being represented bj' 100.
The Exports of Cotton from New York this week show an
increase compared with last week, the total reaching 30,956
bales, against 24,013 bales last week.
Below we give our
usual 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 Sept. 1, ISdO, and in the last
column the total for the same period of the previous year,
.
November
.
589
THE CHKONICLE.
3, 1889.]
EXPORTS OF COTTOS (BVUES) FROM
SEW YORK
SINCE SBIT.
1,
BOSTOK.
Niw roBK.
1489.
„
VTuk EndingErported t>-
Ocf.
Oct.
Oct.
Oct.
10.
17.
21.
31.
.
,
Total
since
Same
I
2>*'cvioH8
Sept. X.
14,800 15,800 15,984 18..^09
2.9111 3,163 3,119 2,3ti9
140,325'
11,5071
Tot. to Gt. Brit'n. 17,811 18,963 19,133 20,878
154,922
112,823
2,853
12,159
13,180
Liverpool
Other British ports.
Havre........
^'^^^
1,000
1,002
1,211
1,000
1,0021 2,I!53
2,714
^9,1.^0
Otber French ports
Total French...
'
Bremen
l.'?46
1,638
767
Hamburg
i.e.,'^
600
750
5,608
Other port*
1,367
2.199
i.567
750
12,159
13,180
11,.'>79
15.118
9.748
25,310
ll,7ii8
10,921
50,182
Bp'n.Op'to, Glbr., Ac.
All other
Total
Spain,
T.WO]
1«,484
47.3V 1
ISO.iOO
SftTannab
Mobile
11,123
104,0B1
f>S8
I.ISO
(,667
88,489
&,aau
Horlda
30. Carora.
No.Carol'a.
1.891
rirdnla...
U.»7I
Nortbn pti
106
Tenn., &o..
8,881
rorelrin....
817
1,413
Tbit Tear 68,813
3M.B7B
62,7dl
atft. 1.
1.70J
18,S««
1,041
8.938
80,683
8.6»»
I.BOl
7,886
8,«80
StlM*
Tkil
week.
Since
atpi. 1
Tkte
wee*.
StH.1.
"t.'TW
"mo
ia
119
•1
1,991
1S.910
"WT
I.SM
"
«8,6»4
10«
».8«5
Last rear
Tot. to Xo. Edrope
Sept.l.
T«z*i
!(.Orle«nt.
year.
123,304
Since
T*4»
week.
Since
Thii
week.
from—
period
PaiLADXLPn'A| BALTIMOBB.
I
fi<c«ipt(
307
4333
S,7S1
•0
18.86B
B8,U8
4,'a:s
7,8«S
1.017
17,731
378,8B4l 1B,0J1
n7.35B
2.8JI
16.S24
•.90«
S8,<t8
Shippino Nf.ws.— The exports of cotton from the United
States the past week, as per latest mail returns, have reached
233 400 bales. So far as the Southern ports are concerned these
and published in
are' the same exports reported by telegraph
New York we
the Chronicle but Friday, With regard to
.
Ac
Include the manifests of all vessels cleared up to ThurS'ia.y
Gr.vnd Total
ST
Comparative Port Receipts .\nd Daily Cbop MovEifNA comparison of the port movement by weeks is not accora.t'*,
us the weeks io different years do not end on the same daf »>.
KUm.
Total
Liverpool, per etBamem Britannic, 1,828....
.Cutlo,
City of Dublin. r4H9....aty of Parle, 2,420
Ilersth.l.
Helveila, 77
Ennland, 1,658
4122
Pvonana,
l,'^50....8t.
...Nevada,
1,241.
1 602....Laplac-c,
1.847... Umbrla,695
^f'JVS
To Hull, per steamer Colorado, 1,419
^•?ix
lO"
I.fiib, per steamer Benlawers. 100
To
850
rriuto,
Kteamer
8
_ gjO
^o'stlp, per
2,853
ToNb,
per steamers La Gascojcne, 902... Sallram, 1,951
767
ToHavr*.,
-.er tteaiiitrs FuUIh. 67....Lahn.700
ToBreniiB, »
Moravia, 1,000
^t steameis Itala, 2,308
Hbw Tohk—To
—
*he month. We have consequently added to our other standittg
*ables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
The movements since
movement for the years named.
Sept. 1. 1889, and in previous yea's, have been as follows:
To Uambnr)<,
... Riipii,
J>^
.
5,603
Taormina. 500
Penngylvanla.
-rsBiliienland, 400
1,800.
750
100
To Antwerp, p?«««**"»-.
Tear Beginning September
Uoiithly
Beceipti.
a«i,fmb'r
1889.
1888.
1887.
1886.
3.50
I.
1885.
1884.
51,181
To Rouen, .,^l,,^Hier Yedmemlale,3ro....
To Breii!*»i./^er steainots Chelydra, 6,399....0(;^an
1,393,653 1,411,266 1,135,830
Total ....ll.b. n,068 1,465,033 1,868,180
•tl
33-34
26-19
26-71
30-06
To';--.-"<g.
--
^,1-
—
.--S
:.
..iwprp. perbteiimer Bo:.."*''s,l03., ,,.„,,...
baric Teresa Figaei;»«. 490...-
.at the pw-ts this year were
*^^'i'tfLi',t5'trrf. fn iss?""
i"
^^7
.1888 ana 12,888 bales more than >:'
,
^^^.^^^ta'^^tW}
.^"^"y
^adding rto the totals to Sept 30 the
!,r^'Pt,-<f
%'^u*'
we shall ba able to reach an exa.. OOmp^Fispn
movement for the different years.
ctime
Tot.^p.ao
561,710
Oct. a....
-13,469
31,606
>'
4....
83,972
47,4ie
«•
5....
40,ffi.'l
«
6....
•'
"
7....
8....
"
9....
"
"
10....
"
-
12....
11....
13....
"
14....
"
15....
16....
17....
18....
19....
20...,
21....
22....
23....
24....
25....
26....
27....
28....
29....
30....
31....
"
"
"
"
"
"
"
"
"
"
"
"
•'
"
"
"
S.
54,378
52,143
37,262
38,870
60,025
45,336
8.
60,101
61,693
40,236
39,271
57,864
53,347
S.
53,490
66,719
48,103
38,718
69,871
47,892
S.
52,515
61,978
19,361
49,161
of the
1888.
1887.
1886.
1885.
1834.
332,017
31,762
31,657
28,620
29,759
36,684
38,631
654,776
36,229
359.203
30,122
27,196
385,642
21,731
27,755
22,429
345,415
23,830
22,560
33,811
22,595
S.
47,479
.52,215
30,289
33^76
48,121
36,636
8.
56,259
55,418
35,122
34,386
45,412
37,116
8.
49,955
58,574
38,156
40,249
46,627
43,958
8.
46,337
54,047
42,578
8.
46,651
62,243
32,289
39,021
44,210
43,222
8.
59,120
50,223
39,738
39,725
44,848
39,197
S.
61,937
55,573
34,368
32,188
48,536
39,514
8.
65,077
50,450
40,999
42,518
55,776
39,163
S.
7P.146
8.
37,833
38,697
27,465
31,C60
34,915
33,814
8.
42,830
44,.563
32,421
40,513
36,142
34,468
8.
56,306
50,171
32,218
40,533
48,813
37,531
8.
56,6^2
15,309
34,368
40,907
43,626
49,852
S.
S.
38,101
31.21S
24,539
31,442
44,078
29,879
S.
41,815
45,956
30,750
32,242
47,849
42,620
8,
51,454
45,697
37,769
37,424'
46,740
35,251
S.
60,968
43,243
41,338
37,440
49,783
52,813
S.
40,645
37,265
28,928
24,321
51,559
29,984
8.
60,755
43,933
35,977
44,145
61,724
35,509
8.
52,272
49,711
32,435
47,420
60,123
.,
..-..
.
._
^aS:pA^^:::::^^^:^:T:::::^T^ *'"'=-
oavak.-^aK-Xo Bremen, per steamer Elglnshirei's.Vis 1
'"
To Antwerp, per steamer Scarvfell. 6.100
'""
To Barcelona, per stamer Napier, 3,400
Charleston— To Havre, per steamer Souttlsh Prince', &,'654>
To Bremen, per steamer Gloanln. 4,337
Wilminuton— To Liverpool, per steamers Ojmanli, 6,506
Thurston, 5,907
NORFOLK— To
Liverpool, per steamers Alberta, 7,217
arch, 3,058
O pinKton, 5,084
16,549
-405
490
«.'»27
^i vVs
5*748
e'lOO
,';'400
s'oSO
4 337
13 407
'
.'.'.Mon'-
West Point— To Liverpool, i)er steamer Mascotte, 7,736 ...'.".'.
Newport News— To Liverpool, per steamer Monarch, 1.899
Boston— To Liverpool, per steamers Bavarian, 1,609
Kansas,
974....Pavouia, 1,U31
Baltimore— ro Liverpoo', per steamer Mentmore, 1,032. J. "I
'
To Bremen, per steamer America, 1,141
PaiLADKLPUiA— To Liverpool, per steamer Lord Cllve, 652".'.'.'.'.
Total
16 239
7)736
1
899
3,614
l,'o32
1141
'652
232.400
The particulars of these shipments, arranged In our usual
form, are as follows:
Hull,
Leith
Liver-
NewTork..
pool.
1S,.509
51,131
Galveston.. 41,785
N. Orleans
Savannah
.
it
Ifew-
coJttle.
2,369
Bavre Bremin
and
Rouen,
<t
Ham-
teerp.
750
405
......
5,050
5,748
4,337
Wilmingt'n. 12,407
Norfolk .... 1«,239
West Point. 7,738
N'portN'ws 1.899
Boston
3,011
Baltimore. . 1.032
..
1,141
..
Charleston.,
Phll'delph'a
Ant- Baree-
burg,
6.375
11,692 16,549
2,8.53
lOIM. Genoa.
6,100 5,400
652
Total ..155,051
Total.
100 30,956
450 5,027 83,304
41,783
17,243
9,387
12,407
16,239
7.736
1.899
3,614
2,173
652
2,369 22,595 34,150
7,235
5,850 5,1'27 232,400
of vessels carrying
Below we add the clearances this week
cotton from United States ports, bringing our data down to
the latest dates:
Galveston- To Liverpool-Oct. 26— Steamers CamelU}, 3.368; Marltana, 4,485.
To Havre— Oct. 20— Steamer BrAndenbur;<, 3,133.
To Bromen-Oot. 26— Steamer Halcyon, 4.150
Ojt 31— Steamer
Start, 8,907.
New Orleans—To
Tot.Oc.31 1,881,065! 1,405,033 1,868,180 1,393,653 1,441,268 1,435,830
45,1641
41,951
8.
31,747
36,098
Nov.l....
44,008
Total. . 1,925,076 1,501,129 1,910,13111,430,117 1,441,266 1,467,.577
Peroenta(?e of total
••05
27 -re
30-72
34-09
20-71
port rec'pta Nov. 1.
This statement shows that the receipts since Sept. 1 up to
to-night are now 423,947 bales more than they were to the same
day of the month in 1888 and 14,94.5 bales more than they
add to the
were to the same day of the month in 1887.
table the percentasces of total port receipts which had been
ueceived to November 1 in each of the years named.
We
The Followino are the Gross Reweipts of Cotton
New
•
ToGenoa, per steamerlxla, 5,027
''
..
GALVKSTON-l^o Liverpool, per steamers Beni'2<;»V"7.7W"
»a""a'ly. 6.953. ...Edenmore. 6,300.. ..Granvn^V
2.676
8,
50,489
36,503
37,318
33,958
54,037
38,578
iin
Klngi
r
loBarcelona, per
1889.
u'i\)''fl\Vif
H?T----i.^""'."'"'-7'-02....Grat!la, 8,997.. ..achlehalilon
332,017| 654.776| 359,203 385,612 315,445
1,319,358 1,133,016 1,213,404 1,034,150 1,055,521 1,090,385
561,710
sPero'tageof tot. poi.
receipts Oct. 31...
'..»-.;;=
To Genoa, per stealer Elysla
" "
Hbw ORLBANg-To Liverpool, per 100
Stenmera TsVon
at
York, Boston, Philadelphia and Baltimore for the past
week, and since September 1, 1889.
Liverpool— Oor. 25—Steamer
20—Steamer Henry ArminRtou. 4,103
Historian, 4,700
...Oct. -,:9— St«'amer»
6.738; Catalan, 3,731; Haytlen, 4,527: Nlceto. 5,753;
Worslt-V Hall, 7.734.
To Havre- Oct. 25— Steamer Gardeuta. 5,126 ...Oct. 26—Steam»r
Whitby, 6,.505....Oct. 29-Stoamcr Parl^ 7,5S3.
Oct.
Alicia,
To Amncrp— Oct. 21) - .Sieauici- I'arls, 10 >.
To Rbvi.1— Oct. '.;;)— Steamer Blmdon, 4,900.
MoiiiLE—To Liverpool— Oct. 26— Steamer Heracllde, 7,58P.
Savannah— To Livurpool-Oci. 29—Steamer Be sarabia, 4.282.
To Havre— Oct. 30— Steamer Asiatic, 5.200.
To Bremen— Oct. 28- Steam.-r Glenduwer, 0,391
Oct. 29Steamer Evelyn, 6,587.
To Barcelona— Oct. 26— Steamer Cyprus, 4,753.
To Rttval-Oct. 29— Steamer WashliiKton City, 6,3C0.
Brdnswick— To Liverpool -Oct. 29— Steamer Lnnoartor, 5,600.
Charleston- To Liverpool— Oct 2'>— Steamer Cbarriagton, 4,830.
To Bremen— Oct. ;U— Steamer Ripou Ciiy, 5,307.
To Port Malion— Oct. 29— Bark Tuva, 700.
WimiNOTON—To LlveriKiol—Oct. 31— Steamer RosevUle, 4,600.
To Bremen— Oct. 30—Steamer Mayaguez, 2,500.
—
d
..
.
,
.
.
THE CHRONICLE.
590
3,901
HORPOLK—To Ltveriwol-Oct. 29-St<'amer Monnroli,
To Bremen— Oct, 29—Steamer I'ort Jackson, 6,,)00.
Orfonl,
6,774.
West PoIST-To LiVfrpool—Oct. 2S- Stcumcr
To Breiiiea-Oct. 25—Steamer Rlioslna ft.l'Jfl.
r>.t 25—
o^
1,912...
.Got.
BuUiirian,
BO»IO»— To Liverpool -OOU 22-8t«aiiier
Oct. 28-8teaiiior Roman, 731.
»Cf ^ Steamer Samaria, 115
J
I,
To Yarinoutli-Out. 25— Steumpr Yarmouth,
To Halifax-Oot. SO-Steamwr ('arroll, 150.
BJO-TUIOBK— To Liverpool— Oct. 22-8te4in,er Caspian, 2,184.
To Hamburg—Oct. 21—Steamer Gothia, 5r.
PHiiJkUEU'HiA— To Liverpool—Cot. 29—Steamer Britieli Princesg, 488.
Below we give all news received to date of disasters to
Teasels carrying cotton from United States ports, &c.
Wrecking Co.'s steamer Tuoakoe
AMY DOHA steamer (Br.)—The Mcrrllt from
the wrecked stoimer Amy
arrived at Norfolk, October 28.
Dora at Wachaprague, with 133 bales cotton. She left again wltu
to contiuue the work ot
In
tow
the comppny's scliooner Rapiilan
...
r,
.
(Br.), at Savannah, loading for Keval.-Firo broke
out at 11:30 P.M., October 24. In the forward hold of steaiiier
all of
hold,
forward
In
the
Harrogate. Thercare about 1,400 bales
which will be wet.
,
^
^
^ ^
„^ a tlra
«„
25
October
PWSCESS, steamer (Br.t, at Galveston loadlng.-On
broke out among ho cotton in rhe hold ot steamer Princess. Iho
in
htorad
cotton
Hre was evlingidshed. It wa.s coullned to the
holds No. 3 and 4, aft. which were Hooded. About 1 ,500 bales
will
prove
latter
are damaged, and a large quantity c)f oil cake; the
a complete loss. The Princess recrossed the bar on the 26th and
anchored In Bolivar Roads, where she discharged her damaged
recovering the oorjfo.
,
Tbinacria," steamer (Br.), at New Orleans loading for Havre.— Fire
broke out A. M. October 27 in cargo of cotton iu the forward hatch
of steamer Trinacria. The compartment was soon flooded and the
flames subdued, but not until much damage had been done to 700
bales of cotton. At the lime of the lire there were about 2.200
bales aboard. Several gang.i of men have commenced breakmg
out the cargo. Loss. $10,000
Cctton freights the past week have been as follows:
Man.
Do
Wednu. Ihurg.
Tut*.
IVi.
steam d.
late dellv'y.d.
C
c
Havre, (team
Do
sail
Oftn BHih Low. OlM. Open Bilk
October
....
»16
»I6
indirect, e.
Bambnrg, steam.«.
"IS
"18
70*
70'
»8
Do via London.d.
TO*
jLnut'd'm, steam. e.
Do
ll-i
S
Trieste, steam...
"sa
11.
^88
«S3
d.
d.
d.
d.
d.
d.
d.
5 43
6 48
5 37
641
5 42
6 44
5 42
535 536
5 33 533
6 32 saa
5 32 533
B32 533
6S6
633
532
632
533
6 44
5 36
5 43
5 36
S 33
6 86
5 33
537
536
5 34
5 38
B34
683 534 6 33
5 33 5 34 633
5 31
5 34
5 34
5 32
5 34
5 36
6 33
6 34
6Ji5
596
6 36
.
533
M®»a3
sales, stocks
week
bales
Of which exjiorters took
Of which speculators took...
Bales American
—
..-
Forwarded
Total stock—Estimated
Of which Amerloen— Estlm'd
Total Import of the week.
,
57,000
2,000
1,000
46.000
5,000
58.000
346,000
190,000
46,000
41,000
201,000
folio w-
&o., at that port.
Not.
Oct. 25.
Oct. 18.
Oct. 11.
52,000
4,000
54,000
3,000
44,000
3,000
G0,000
354,000
193,000
71,000
57,000
261,000
242.000
47,006
4,000
62.000
423,000
252,000
135,000
115,000
273,000
256,000
1.
67,000
3,000
1,000
57,000
5,000
79,000
445,000
270,000
100,000
87.000
314,000
297.000
Ot which American
......
Atnonnt adoat
184.oriO
O' whJnh American
The tone ot the Liverpool market for spots and futures each
day of the week ending Nov. 1, and the daUy closing prices
of spot cotton, have been as follows:
\SeUurday Monday. IVe«day.
Market,
12:30 r. i.i
I
5 33
5 S3
5 31
5 36
5 87
Feb.-March 5 33
Moh.-Aprll. .'>33
April- May.. 535
May- June.. 538
5 32
5 35
6 36
5 36
633 5 83
633 5 32
6 33
6 33
6SS
6
{
533
32 533
5 83
6 33
5 34
5 86
6 33
5 33
5 35
5 34
5 31
5
6 33
5 35
536
&36|538
6
6
3.)
3.3
583
636 585
88
6 87
534
586
6S8
BREADSTUFF
S.
Friday, P. M., Nov.
1,
1889.
market has been weak and unsettled the demand has been mainly from the trade for the better grades;
supplies have been more liberal and it has not been difficult
Our quotations'are fully
to obtain concessions in values.
The
flour
;
revised.
The speculation
have
in
wheat has not been active, and prices
The market
a narrow range.
within
fluctuated
has been quite feverish, fluctuating on the merest rumor. The bears at times covered their contracts with
much precipitation, but the bulls showed no confidence in their position, selling to realize very small
profits.
To-day there was a firmer opening on a better demand, which resulted in 113,000 bush, being taken by shipbut freer receipts at Western points caused an easier
pers
closing. The export business was mainly in No. 1 Northern
spring at private prices, but included No. 3 red winter at
83;gc„ f.o.b.
DAILr 0LO8IKO PKICB8 OF KO. 2 RED WIHTEB WfiKAT.
c.
c.
Good
Freely
offered.
business
dolDK.
5^
lUd.XTpl'ds.
5%
5\
Sales
Bpec. &exp,
10,000
1,000
12,000
1,500
Wednet. Thurid'y.
In buyers' (rrasular.
favur.
53i
1,000
500
Friday.
Hon.
S'l-'a
82-'8
841a
8538
89=8
riiM.
ThurM.
ir«d.
Fri.
8278
t3^
83
8418
82-^
8378
81%
85 14
8958
85
89 "4
8514
S9>s
841a
85!%
897a
8538
down
to the close of
84%
89%
yester-
The low figures to which pricfs had fallen
had materially curtailed deliveries at the Western markets
and when this became apparent there was active demand to
cover speculative contracts and to complete shipments that
were in progress, which caused a steady recovery until today, when there was a reaction, and prices receded. The
late export business was mainly in No. 3 mixed by canal at
43M® 423^0.
afloat.
HO. 2 MIXED OOSM.
Wed.
Tkuri.
Tue».
41 14
40^8
41%
40%
OUMIHO PBIOBS OF
DAII.T
Mon.
Sat.
Noreniber delivery
c.
December delivery
January delivery
0.
o.
0.
May
delivery
40%
4158
41%
41^
42
42
4114
41%
42%
42 14
4138
4178
1214
42
42 14
41%
Fri.
41%
41'«
41%
41%,
Oats have sympathized with corn, but did not make so decided an advance nor decline so much.
DAILY OLOSIMO PBIC 8 OF NO. 2 MIXED OATS.
Sal.
M<m.
Tuet.
25%
25=8
2558
November delivery
December delivery
o.
January delivery
Maydaliverj
e.
25^8
2638
0.
27^
Fair
buslnes)
doins.
Quiet.
51I18
51I1
dull.
8,000
1,000
rels.
10,000
1,000
12,000
1,000
Bat.
day's business.
"32
isa
M'SHs
statement of the week's
gpol.
5 33
Indian corn was advancing
Liverpool.— By cable from Liverpool we have the
Actual export
5 34
January delivery
^18
6
^16
Antwerp, steam d
* Per 100 lbs.
Bales of the
d.
d.
May delivery..
B«reelona,8team d.
Genoa, steam .. .d.
in(t
Olat.
d.
November delivery, ....c.
December delivery
0.
hi
d.
sail
Bigh Low.
d.
70*
70
indlreot..<t.
>l3D
Do
0pm
IXMS. Clot.
1.
i.
Oot.-NoT.
ssa
NoT.-Dec... 533
Deo.-Jan... 633
Jan.-Feb....
Nov.
FrI..
;
Bremen, steam .. e.
Do
Tkari., Oct. 31.
,
i
BcUtir.
[Vou XLLZ.
Wednes., Oct. 30.
HARROOATB, steamer
Lii verpool,
.
Rye
is
quiet
c.
26
26%
27%
Barley
and nominal,
26
20 14
26%
27%
28
26%
is easier.
The following are closing quotations
(Corresponding grades in sacks
Wed.
257a
for
Thurt.
Fri.
26
25''g
2639
26
26 <%
26%
27%
Buckwheat is
28
wheat
sell slightly
flour in bar-
below these
figures):
Jf vtures,
Uarket,
12:30 P, i.i
Ontet. at
I-e4 decline.
Market,
4
Quiet.
p. M.
1-«1 adT.
Qnlet at
partially
l-«4 dec.
Steady.
Qniet.
Steady
steady «i
3.84 advance.
Steady.
Barely
steady.
lirm.
at
partially
Steady at
partially
1-61 adv.
The opening, highest, lowest and closing prices of futures at
Uverpobl for each day are given below. Prices are on the
basis of Uplands,
5
Lo w Middl ing clause, unless otherwise stated
tW TM
priett are given in pence
63-64rf.. ffM't 6 01 means 6 l-64a.
Sal., Oct. '26.
and 64<A» <Au«
d.
i.
643 5 43
October
584 5 84
Oct.-NoT.
NoT.-Dec... 5 31 5 31
5
31 5 81
Bee.- Jan...
Jan.-Feb.... 6 31 5 31
. . .
.
i.
d.
648 943
584 B34
5 81
6 31
6 31
6 31
5 31
531
531
5 81 531
633
6
32
6
33
April-May.. 682
May-.liine.. 5 34 5 36 531 5 30
Feb.-March 6 31 5 31
Mch.-Aprll. 5 31 SSI
631
mean »
^
Man., Oct. 28.
Op«n Htvfc Lov. OUu. Openlaigk
5 63
.•
hm.
OlM
Tnea., Oct. 29.
Optn BiQ\ Low. Oot.
d.
d.
d.
d.
d.
6 44
5 45
6 44
6 45
5 45
S3S 636 635
683 533 638
6 32 633 5 32
5 32 6 33 632
532 533 5 32
5 32 633 532
6 84 631 5 3J
5 35 536 6 35
636
634
583
6 33
6 33
633
6 83
5 83
5 34
6 36
d.
d.
6 46 6 46
6 37 536
5 34 533
5 32
6 32
53.1
5S2
534
5 32
533
6 34
6 84
6 38
533
6 33
6 34
6 83
6
3-!
6 33
5 34
5 36
d.
5 46
537
634
634
584
534
584
BS6
686
FLOtJR.
10»$2 50 iClty shipping, eitra. 4 259 4 30
2 403 2 70 iKye flour, superflue.. 2 859 3 15
Fine
2 459 2 60
2 65a 2 95
Extra.Ko.2
3 35« 3 75 Corn mealExtra No. 1
245» 2 55
180»520 Western, &c
Patent sprlnR
450»485l Brandywlue
2 659
Patent, winter
Buckwheat Flour per 100 lbs., $1 75a$2 CO.
Pine
Hnneriine
w
bbl. ip2
grain.
Wheat—
0.
Rye—
0.
Sprine, per bush. .
77
«
95
BprineNo. 2
85
•»
88
84
89
Western yellow
Western white
41
41
51
State and Jersey
Oata-Mlxed
White
E^d winter No. 2.. 82783'
No. 2 mixed
73 »
Red winter
No. 2 white
90
80
«
WUte
Buckwheat
Com- Wesfn mixed. 40 9 42%
Barley—
4214
41%9
mixed
N0.2.
, „.
Wesfn
Rye -Western.. *
bu.
9 43
9 42%
9
53
;
1
I
,
2-rowed State
4-rowed State
Canada
0.
.
0.
• 57
« 27%
« 34
» 27%
28%» 29%
50 ® 52
eo « .,«
58 9 59
® 65
63 9
S 68
64 •a
53
24
27
26
market is indicated in the
statement below, prepared by us from the figures of the New
York Produce Exchange. AVe first give the receipts at Westem lake and river ports, arranged so as to present the comparative movement for the week ending Oct. 20, 18S9, and
The movement
since August
1,
of breadstuflfs to
for each of the last three years:
.
.
.
:
NOVKUBBR
2,
Bu. B6
147,708
MUwankee..
06,963;
Dalutli
88,0D9
Minneapolis.
3,314
Toledo
Detroit..
.
4.843|
..
10.097|
.
CleTeland.
St. Louis
83,808,
Pe^-'»'**
wla
a.BOO,
Tot.wk.
Bame
818,388
371,473
'89.
«k.'88.
Borne wk.'87.
Since Aug. 1.
298.U0.S
1889
1888
1887
3.883,878
8,29«,7K4
47,281,887
3,818,090
38,190,034
591
The value of the New York exports since January 1 have
been $6,860,610 in 1889, against |7,464,5.'i9 in 1888.
The demand for staple goods wns characteriz'^d by a good
114,043
deal of irre;<ularity, jobbers, as a rule, having bought (par19,301
ingly at iiri<t hands, while a fairly gooi business in some sorts
of plain and colored cottons was dine with expirt-rs,
88,688
converters, "cutters" and the manufacturing trade. Brown
cottons were in pretty good request, and while many
MS Eastern 'corporation makes are sold ahead stocks of coarae
38,008
yarn Southern goods are in much better shape than
7,700
Bleached shirtings, wide heetingB,
a short time ago.
213,911
corset jeans and satteens continued in fair request, and
188,599
there was a good demand for low-grade cotton flinnels
47,817
domets and fancy woven shirtings. Colored cottons were in
light request by jobbers, but in fairly good demand by "cut2,120.809
Prints ruled quiet, but woven and printed dreai
ters."
2,491,78ij
fabrics adapted for the spring trade were fairly active—for
eaj,247
BarUy.
Whtat.
BM».ie«l>j Bu^^.80 Ibr
Ohioaxo
—
»
.
THE CHRONICLR
1889.1
rumr.
Btceipti at—\
:
42,126,615
26.732,539
I
I
The exports from the several seaboard porta for the week
enliuK Oct. 36, 1889, are shown in the annexed statement
future delivery. Print cloths were in fair demand, and
closed steady at 8 9-16c. for 64x64 "spots" and "near future*"
and 8 1-16® 3i^c, for 56x608.
1889.
Mtporlt
Com.
meat.
fnm—
Bufh.
120,850
New York
BOBtOll...
Portland.
Montreal.
Bunk.
683,046
125,440
Flour.
Oati.
Bhlf.
Bmh.
65,024
33,787
3,915
Rye.
Pe<u.
Bnth.
32,279
Buiih.
1,004
250
1887,
1886.
Oct. 20.
Block of Print Olotht—
Held by Providence mannf'era. 254,000
Fall klver manufiusturors ... 17,000
Provlilenco speculators
None.
Outside speculators (est)
6,000
Oel. 27,
Oel. 20,
oet.aa.
31,000
12,000
None.
None.
190,000
82,000
44,000
70,000
27,000
50,000
42,000
10,000
277,000
43,000
336,000
129,000
,,
101,007
168,633
96.235
234.142
286,246
41,145
36,503
67,313
1,509
Total stock (pteoes)
39,950
1888,
—
DOMESTIC Woolen Goods. The market for men's- weu
48,000
Heavy clothing
woolens was tame and uninteresting.
N. Orl'ns.
3,510
• ••
woolens were quiet in demand, but stocks are well in hand
N,New8..
and desirable makes are steadily held by the mill agents.
Rlolim'd
2,400
Light-weight ^cassimeres, also worsted suitings and trouser» 4,365
Vstweek. 273,367 I,e53,742 247,681
32,279
40,954 ings, were in moderate request, but transactions averaged
B'me time
1888...
53,144 820,270 197,714
2,759
70.438 light. For overcoatings the demand was for relatively stuall
parcels of leading makes but prices remain steady. Satinets
The visible suppljr of grain, comprising the stocks in granary were distributed in very large quantities as the result of new
at the principal points of accumulation at lake and seaboard business and in execution of back ordnrs, but there was little,
ports, and in transit by water, Oct, 36, 1889:
if any, improvement in the demand for Kentucky jeans, CloakWheat,
Oom,
Oate,
Bye,
Barleii
iogs continued to move steadily, and stockinets commanded
In store al—
buth.
buih.
tmth.
&u*A,
!.««*.
from the manufacturing trade. Sift
KawYork
5,342,704 2,497,059 1,332,675
37,447
659 a fair share of attention
wool and worsted dress fabrics were fairly active for prompt
Do afloat.
149,600
42,400
0,000
13,.500
Albany
34,000
70.400
38,400
25,850 and future delivery, and there was a light business in flanBuffalo
1,103.888
465,312 130,216 260,808 175,647 nels, blankets, carpets, shawls and skirts, at unchanged
OWoago
PhUadel
Baldm're
2,363.882
Milwaukee
685,310
1.864,886
1,107,201
310,991
70,000
1,678,231
Dulutli
Toledo
Detroit
Oswego
8t.
Louis
Do
afloat
Cincinnati
Boston
Toronto
Montreal
PhUadelphla
Peoria.
Indianapolis
Kansas City
••
Baltimore
Minneapolis
St. Paul
On Mississippi...
On lakes
On canal & river.
Tot, Oct
Tot, Oct.
Tot. Oct.
Tot, Oct,
Tot. Oct,
26. '89.
19, '89.
27, '88.
29, '87.
30. 86.
59,000
3,729
52,541
158,382
593,835
36,369
308,023
279,990
868,929
3,914,980
130,000
1,581,047
1,344,000
200
2,113,057 2,983,208
986
3,662
"4,798
16,621
118,979 107,316
4,960
73,255
75,000
283,596 427,892
44,000
25,042
1,000
27.000
302 215
34,903
116,135
146,168
62,747
11,929
510,331
111,375
1,671,797
722,100
515.409
93,978
3S4,1()9
54,316
4,865
2.190
39,209
215,498
210.00(i
61,529
57,297
27,000
163 700
20
12,317
12.186
95,335
4,825
12.000
33 138
187,458
18,476
78,234
35,842
210,079
128,507
66,976
105,474
500
7,569
1,811
i;325
439.279
322,600
42,000
46,400
339,437
294,902
24,507,518 9,38B,670 7,093,334 1,284,101 2,015,209
22,057,370 11,3:^4,476 7,113,311 1,277.778 1,582 572
33,176,646 11.164,921 8.2i7,616 1,377,213 l,f)47,835
33,933, 407 5,159,733 6,007,109
293.0712.721,710
56,152.991 13.098.011 5.409,153 466,581 2,'.«33,071
prices.
Foreign Dry Goods.— There was a light hand-to-moath
for imported goods by wholesale buyers, and the
jobbing trade was only moderate. Some very fair importation orders for spring dress fabrics of British and Continental
manufacture were, however, placed with the representatives
of foreign houses, and some descriptions— especially mohairs
are dearer because of a heavy advance in lustre wools. Silk
velvets were fairly active in some quarters, but dress silks
and plushes were more or less quiet. Prices of the mo6t
staple imported fabrics remain steady and unchanged.
Importation* ot Dry Goods.
The importations of dry goods at this port for the week
ending Oct, 31, 1889, and since Jan. 1, and the same faota
demand
for the corresponding periods of last year are as follows
1
1
i-
•«:
WtM
ao
CO
CD»T
Opf"
f
M
1888.
w
M
Ol
HI-'
M-i
acD
03
CO
QD
GO
Cblna
HI
India
Arabia
Africa
West Indies
1.
Week. SinetJan.
From New
'ioo
B
1
s
1,
:
:
:
:
:
g
i
or)
1^
w
<1 O* OS CO !D
2
^I
0!
oc:Mb%>
B
i->eF>>at003
*4
axcpooo)
jDCO-JtOpo
H
COCd
Cl-^
"lotCtJiK'O
to
CD CO
1-.^
V MO
to
CCS
tc
M CM
COXi
— MO
•^toaMO
MlsoeUai
Wool
Cotton
Wool..
Manntael
Total
Manufaotur
S:
H
a
li
•%:
»»
MO
»to
OOi
a
o
a
»
ft^
to
C0rf*--gQ0IO
CO*.
w
i
:
:
:
S
OMtOMrfw
OOOICOO'05
to-3#*<iyi
i
C
S
C
y>
10 to
cn^
iF*QD
MOS
5
b
M
«.s
'
tOCOMOCO
CdCO'-cooo
M-cl-oto
OCCtOlOO
(X *g
o
'£>
C^
Ci rf>- to
Ot wcOCDCD
b:
BC
o
CD
^
CO
ato
Mtoi^eocD
MtOOClCCO
CSMIOCOJO
R
>
2
«
OD.-
COXtOtCCS
S
tOr^
vac<i-q«».
COD
a»
MW
>*
bm
to«
OiCOCCMi^
so
^J
00 10
<no
Mifc
-0I
v«
Ui
•«
OD
R
10
£2
CO
to
C
y
K>
w
o
^
MtOAKJp
X to X o
-)*-
*»
*^ -x
CO KS
yt
mM
— OD
r
l-t
10
1
3
2
:::::'
a
MM
>
>
:
,-.
'
QD*>.MODQD
•^M«^W
I
1
s
'<^
ni
Mj^
Mtoc;»Mto
lf>>
05
>
a
OS 00 «» to
ooo
:
1
?>5
OS
o
OiOS
QD«^
)^>t£^IX<4
^ "
WUD(OH*JO
tOQ0^*.pt»
cowrOi^to
OS -J
tOOD
ytio
t^^
(OX
s
2
^
<•
1 ^
^-lOMtO
60
if^icocT'ce
QD
QD
oasM*5w
;?
2.
i:
!2?t25£fc
M
00
00
M
acn
ro
o Ml
i
Ui
CO
M
cooiQCitoao
X.
cdSmoo
cs
$pooi«-3
VI
<lV<ii-«
>•
^
Mg^
'Z
"
wt-»osot^
1
?
r if M
M
s
;$
Q
1
yiMcooDCM
Ilf
fl
QDoacnv
MCOMM
tsto
eo
MCJ>
M
u
ai
•>
MUOStOiP-
Eo
B
^
1 ^1
^ «
5
CMMKOO
Vix voo
a
sssss J
1
bcis'^QOOS
M MfcOMMM
wocccsao
3
<
a
M»CiF.»0
OQD
o;co
g
s
C
q
5
c;iMXjt^to
» au Vo-VtO
^ l-OS
CO lU CO Ot
-1
00
1
ODQ.
M
MMMMtO
Of
00
i
iiiii^
i
w
Wio
Ma
g;
:
•iiiir
•••••"<
!>-•
CO
to
QD
to
*t
Sr: ii 5
...
ts
O CC -1
'-OD'^OSOS
to
l->
CO
CO
n
2
a
t-I^^^COM
^
J
<IH
o
161,106
iPb
)f>-
!sl
Ifr
88,121
M M to H
lOMCflCOO
4,7'.i0
.=^,288
<>
hS
to
qo:
GOS
11 406
4,321
Flax..
Cotton
g:
.;.•;©
O
^
1.910
2,226
:
:
«?i-'^ajo5
O"
2.226
160.970
JSnxluid mill points direct.
18
:
:
CW
7,179
12,013
122 9P5
141
1,449
:
03
COCJ*
1.910
Total
China, via Vancouver
Total
22
4,469
1,979
114.810
46,160
Bonth America
Other countries
'
,561
29,884
2,017
253
115
Central America
*
7,827
1,541
33,560
4,813
5,366
3,749
12,349
3,441
5,490
31,196
2,478
81
77
137
116
761
25
Mexico
:
COMMMfcC
CitO
OstO
to
Ill
28
eiik
Bilk
coco
ri
Week. Since Jan.
Great Britain
8:
g.
:
CD
1889.
2ft
Flar
UUsoellaneo
...
;
Friday P. M., November 1. 1889.
Business in commission and importing circles was somewhat irregular the past week, the demand for seasonable
goods having been chiefly of a hand-to-mouth character,
while orders for various spring and summer fabrics were
placed with consideaable freedom in anticipation of future
wants. Though personal selections were comparatively light,
the jobbing trade was fairly Fatisfactory for the time of year,
owing to the constant demand (by mail and wire) for small
parcels of staple and department goods which was experienced by most of the leading jobbers. The main features of
the market are unchanged. Stocks of nearly all textile fabrics well in hand; prices are for the most part steady, and the
outlook for a good healthy spring trade is highly encouraging.
DoHKSTio Cotton Goods.— The exports of cotton goods
from this port for the week ending October 39 were 3,236
packages, valued at $106,951, their destination being to the
points specified in the table below
to Oct
Manufaci
o
3
NEW YoBK,
Nbw York
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'JHE CHRONICLE.
692
[VOU
ZlilX.
^nxiktvs nnd grawtrs of ^ovelgtv ^jecTiangc
&
Morgan
Drexel,
Ol>t.of
Co.,
IHeaara. ROTHSCHILD,
London, Paris, Frankfort and Vienna.
PARIS.
DOXESIIO JlKD FORSIGS BANKERS.
Issue Circular Credits for travelers
of the world.
Depoalu receiTed anbjeot to Draft. Securities
koagnt and »old on commission, luterost allowed
onDepoalU. Foreign Exchange. Commercial Cred-
'
Circular Letters for Trarel-
•ra. arallable in all parts of the world.
Attobnxts and Agints of
&
Co.,
YORK, PHILADKLPHIA, BOSTON, AND
SONS,
BALTIMOKE,
Philadelphia
and
Baltimore
York,
Uembers of New
UaW
ExchaUKes.
Bzeonte orders for all Investmeat Securities. Beeeire accounts of Banks, Bankers, Corporations and
Ftrms, on favorable terms. But and sell Bills of
Kxohange on Great Britain and Ireland, France,
Qermaxiy, Belgium, Uollaud, Switzerland, Norway,
Denmark, Sweden, Australia, St. Thomas, St. Croix
KOA British West Indies. Issue Commercial and
^avelers' Credits in sterling, available In any part
of the world, in Francs for use in Martinique and
QaadalOQpe, and in Dollars for use in this country,
Canada, Mexico and West Indies.
Blake telegraphic transfers of money between this
OOODtry, Bnrope, and British and Danish West
Indies. Make collections of drafts drawn abroad on
all polnte in United States and Canada, and of drafts
drawn in the United States on foreign countries.
Tb.elr
A CO.,
London house, Messrs. BROWN, SUIPLBY
receive accounts of American banks,
And Individuals upon favorable terms.
BROWN, 8HIPLKY &
&
J.
J.
CO.,
&
Stuart
firms
London.
Co.,
Draw Bills of Exchange and make Cable Transfers
to Europe, West Indies, Mexico and California.
K.Tecute orders for the purchase and sale of Investment Securities.
Allows interest on cash ieposits, subject to oheok
or on certificates.
Accounts of Banks an J Bankers, Corporationa'
Firms and Individuals solicited
Buys and sells Bills of Exchange, drawinjr OB
Baring Bros. &, Co., London Perier Freres etCie.
Paris Mendelssohn A Co., Berlin, etc.
Issues Baring Bros. A Co.'s Circular Letters ot
Credit for travelers, available in all parts of the
world.
Negotiates Securities, Railroad, State, Mnnleipal,
LETTERS OF CREDIT
FOR TRAVELERS!
AND
BILLS OF EXCHANGB.ON
MESSRS. BARING BROTHERS &
LONDON,
I
CO.,
land principal Continental oltleaj
Kidder, Peabody
1
NASSAU STREET,
&
N.Y.
John Paton & Co.,
SUCCESSORS TO
JTESIIP, PATON & CO.,
miuam
62
N«w
Street
PAYNE &
GOTLAND.
MANCHKSTBR, PAT ABLE IN LONDON £
BELFAST, IRELAND,
AND ON THK
AGENTS,
BANK OF SCOTLAND,
MUNROE & Co.,
J OHN
No. 33 NaaiiBii Street, New York.
Office Square,
EXCHANGE PLACE, NEW VORK.
Use
CsKorrs OPENED AND Payments
made sy cabi,b
Pari s House— nilJNHOE it CO.
Ruckgaber,
BANKERS,
No. 33
BANKERS,
RROAD STREET,
New York.
On SELIGMAN BROTHERS, Lonaon.
SELIGMAN FKBKE8 4 CIB., Paris.
Kennedy Tod
J.
Commercial and Travelers' Credits.
BUls of Exchange.
Cable Transfers.
BANKERS,
LETTERS OF CREDIT AND
CIRCULAR NOTES
.
tasued for the use of travelers In all parts of the
world. Bills drawn on the Union Bank of London
Telegraphic transfers made to London and to
Tarloua places In the United States. Deposits re
oelved, subject to check at sight, and interest
allowed on balances. Oovernmentand otber bonds
YORK.
OFFER INYESTMENT SECURITIES.
all
American, Canadian.
sold on
British
commission
and Dutch
markets.
Transfer of Stochs and Bonds. Payment and collection of Dividends, Coupons and Interest Warrants. Foreign Exchange and Cable Transfers on
London and
Paris.
I
bought and sold on com.
&,
BANKERS,
K and 7 South William St,
Kuhne,
New
the larger cities of Europe, the
Sell Drafts on all parts of the globe.
fands br mall or br wire.
all
Pay Ton
It will
to luTestigate Berore
Starting.
&
Mathews
E. J.
Co.,
BANKERS,
Agents of
tlie
Clie^ue Bank, Limited,
OF. LONDON,
2 WALL. STREET,
NEW YORK.
THE NEW YORK
Produce Exchange Bank,
Transacts a Reneral banking bnslnesa.
Receires acoonnta of banks, bankers and oorporatlons npon favorable terms.
Usaes certificates of deposit beartns interMt.
Solicits mercantile and personal accounts.
Btlli of excbanKe arawn on, and cable tranifen
made through, THK CITY BANK, lAmlted,
LONDON.
om
Clrontar letters of credit Issued for traT^en'
foreign oonntrlea; also commerolat credit*.
Aoooonta of foreign bankers reoelred and ooU
lections In the Dnlt«d Sltates raade on CaTOimblC
t^rms. Agent« In New York of the
Gbo. Coppell.
Gkkauj
L.
Hoyt, Member
Thos. Maitla^d.
N. Y. Stock Kxch.
Maitland, Phelps
&
BANKERS
Co.,
COMMISSION MERCHANTS,
32
BANCO NACIONAL DB CHUiK
SWISS UNION BANK,
Union Banii.
GALIiE, (Switzerland).
Schweizerisclie
ST.'
Capital Paid Up
Solicit
•
1!2,000,000 Franca
Accounts and Agencies of Banks and
Bankers.
INTEREST ALLOWED ON DEPOSITS.
CABLE TRANSFERS, LETTERS OF CREDIT
24 Eichanse Place,
New Tobk.
Co.,
R.
BILLS OF EXCHANGE, LETTERS OF CREDIT, BANKERS & COMMISSION MERCHANTS
Orient, Ac
TELEGRAPHIC TRANSFERS OF MONET ON
lYansfer
LONDON, PARIS. MEXICO, CUBA. Ae., Ac. SB
3 Bzebamse Court, Hum Y*rk1
York,
uiie CIRCULAR LETTERS of CREDIT,
by means of which Travelers will be put In funds
bi
Foreign Buyers,
la
on
120 Bboadway, Equitable BuUdlng, NewYork.
Co.,
subject to draft, and interest
Bonds and Stocks bought and
KOUNTZE BROTHER^
&
BANKERS,
WALL STREET, NEW
NEW YORK,
&
Knauth, Nachod
|
Hotels in Europe, and are accepted as Cash on
board the principal Steamers that leave New York
for Europe.
Payable In any part of Europe, Asia, Africa,
Australia and America.
Draw Bills of Exchange and make Telegraphic
Transfers of Money on Europe and Caltfomla.
NO. 45
of Lo don (Limited),
London,
Deposits received
Bleoira. John BercnberE, Goaaler
Co., allowed on balances.
Uamburir,
Uesars. Mareoard, Krausa Ac Co., Paris.
securities
Beci)Etary.
Whether visiting Europe, Mexico, the West Indtei
Bermuda, South America, or any other part of the
SELIGMAN * STBTTHEIMBR, Frankfurt.
ALSBBKO, GOLDBERG A CO., Amsterdam.
ALTMAN A STKTTHBIMER, Berlin.
Correspondents of the
Biaaion.
And
Seligman &Co.,
Issue Letters of Credit for Travelers
International Bunli
and Investment
Treasurer
SEND FOR ALL PARTICaLAR8..T0
& W.
J.
Bzcbanee on London, Paris, Berlin,
Zurich and St. GaU.
WlLLIARl STREET,
Jr.,
TRAVELERS
TRANSFKKS, ETC.
Boston.
for Travelers'
Satlsfactoryj
Guaranty of Re-payment*
StO
UOYT,
Isaue Comnierclul t'redits, available In all
parts ot the world.
ALSO
&
M.
ETHELBEKT WATTS,
Board of Directors:— William Br-ockle. George 8'
Pepper, Morton McMlchael, Wharton Barker, Henry
C. Gibson, T. Wlstar Brown, Isaac H. Clothier.
Advisory Committee of Stockholders— William
Potter, George M. Troutman, William I'epDer,M.D
Thomas Dolan, John Q. Heading, Joseph B. Gllllng.
ham, John Wanamaker, Uenry B. Smith, Craig*
LIppineott, Hamilton Disston, Clayton French
William Wood, Walter QarreU, John Harrison
Edward H. Coatep.
--_
BUY AND SELL STKRLING EXCHANGE, CABLE
OABLB TRANSFERS & LETTERS OF CREDIT.
Schulz
Corporations.
Oners for sale first-class Investment Seoarltlea.
^^
WILLIAM BKOCKIB, President.
C. GlBSON,^ Vice-President"
ALEX. LAIRD and WM. GRAY,
16
EDINBURGH AND BRANCHES,
No. 4 Post
;
86,000,000
Capital
ULSTER BANKING COnPANk,
bane Circular Letters of Cred
Abroad against Cash or
etc
Undertakes the registration and transfer of atooka
and Bonds Payment and Collection of Dividends,
Coupons and Interest; also acts as Financial Agent
for Individuals, Municipalities, Railroads and other
York.
Accounts and Agency of Banks, Corporations,
firms and Individuals received upon favorable terms.
D videuds and Interest collected and remitted.
Act as agents for corporations In paying coupons
and dividends; also as transfer agents.
Bonds, Stocks and Securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought
and sold.
ANCAESTER & COVNTY BANK, Canadian Bank of Commerce
mLIMITKD."
NATIONAI.
;
;
UKNUy
HENRY
Co.,
AaiNTS AND Attorneys or bakins Bbos. A Co.
BANKERS, LONDON;;
1
Fall Paid.
world, will find that the Cheques of the CHEQUE
BANK are the safest and most convertible of all
DRAW on
forms
of money to send or carry.
THE UNION BANK OF LONDON,
They can be cashed at the principal Banking
BRITISH
LINEN
CO.
BANK.
LONDON
AND
SimiTH'S,
Houses in all parts of the world, at the leading
83 NASSAU 8TRBBT.
BILta OF EXCHANGE ON
• raiTH,
Capital, S4,000,000.
CONDUCTS A GENERAL BANiCINa BUSINESS
ALEXANDER UROWN &
Stocic
CHESTNVT STREBT
310
available in
ALSO COMMERCIAL CREDITS.
meaun. J. 8. nORGAN & CO.,
Wo. 22 OLD BROAD STREET. LONDON.
Brothers
CO.
of Philadelphia.
all i>arta
FBI I. ADEL.PHIA
Brown
THE
INVESTMENT
AOINTS AND CORRESPONDENTS Or TBI
~Drexel,Harje8 & Co
5th& Chestnat Stj„ 31 BonleTard Hansamann
Ba. Cable Transfers.
Co.,
NASSAU STREET.
No. M3
NEtV YORK.
&
Drexel
&
BANKERS,
BROAD
8TRE£T, OOBNER OF
WALL
Co., August Belmont
dc
T. Wilson
&
'
@FedFRASER