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HUNT'S MERCHANTS' MAGAZINE,
BBPRKSENTINQ TMK INDUSTRIAL AND COMMERCIAL INTERESTS) OP THE! UNITED STATES

VOL

NEW

43

YORK, NOVEMBER

l^ixmnciKl,

DIAMONDS.

78 TO 86 TRINITY PLACE,

YORK.

&

Alfred H. S^ith

Co.,

IHPORTERS,
182 Broadway, Cor. John Street

EjICRAVKKS AND PRIKTVBS OP

•ONOS, POSTAGE & REVENUE STAMP*.
LEGAL TENDER AND NATIONAL BANK
MOTES Of the UNITED STATES) and for
ENGRAVING AM) PRINTING.
OHAKB CEKTiriCATEB, BOHB*
A>D t'OuruKATIOXa.
roH
•BAfTS, CE<.K^ BILI,% OF F.XcnAHeB,
«TAllPa, A*, U U« lacM kbJ maat srtlxla «ri«
FB«X BTKO. PLATBa,
SOTFJI,

SOLID SILVER.

w* 9€ iMm C »w | /.

SAFETY PAPKM*

•AFCTY COLORS.
W«rk rMH«<ii

«>—fBi

ta !!

AkiLWAT TMsm cr

t»w ««ri» lA «

GORHAM MTg

Broadway and Nineteenth Street,
ASD 9 MAIDED UkSS.

l i. <

Bros.
BANK KR8,

....

Aaoaala •< Ut^kM.

Ov fMiauaa

-

$400,000
B40o,ooo

-

!»«

aiada lo an/ part of tba eonntrr
AoooaoU of Baiika, MarohaoU and

at lowaat rataa.

m

•

(raai
Mmiom U araMTT* tuj, aad tal a n i wtlh
MBfea (aot loiatait la otkar l anr Ti <IUaa) oooat aa a

draw oar on eiekaaaa oa l/nmSam aa4 tha
pUaa
CoouoaaL aad maka ChMa Uaaafata
moomj br talagiapk itaroagkoat Um Dattad Slalaa

«

! Waafclagtoa adafor

•nthaat astn obarta-

Wa

laraaUMot

ka*a a aarkat for
SaaarlUaa, aad ia*H«

«l«aaBdaUaa.«'k«a
Wa do a gmttnl tm

ASA
JO*.

P.

r

liailiim,

POTTBB,

aad IbtIU eor-

St

WESTON,

BXCHANSB COVBT,

Naav Tork.
BMTBT C. TnrkiB. Maaibar N. T. Btoak Bnh.
KatdaLAiB wmua

STOCK BROKER.
Lansdale Boardman,
NBW TOBK, 80 BBOADWAT A S NBW ST.
TBOT,

&

Robison,

BANKERS AND BBOKEB8,

N. T., No. 17 FIBBT BTRKKT.
Ma*ltak.BaBbarahlp:prtTaUwtrai aO taaUttlaa.

Naw

York.

Wh.

0.

WnuAM
~

ruonvJoKM.

BANKKR AND BROKBB,
Noa. S 4e S Broa4 .or 29 W^all

&

A. Kohn

Naw Tork Btook Bzohange. Dlof Marohaota' zshanga National Bank,
Amartoao BaTlnsa Bank, Amarloaa Safe Depoalt
Maaibar of tha

raetor

Ac A&

Saoorlttea bonxht and aold oa oommlaaton. for
eaahor on BanlR. AU Inqnlitaa gratnliooalr raapoodad to. Oo<-reapoadaaoe aoUeit^.

B. Hollins

&

TS

BROAD

MT., N. T.

of the New Voik Stock Bxchanca.
Bkoeata orders on rnmtnlMlon for Bonda. Stacka

aadParelca kachaaae.
Da«lera Id dral-claaa loveataiaat Secarlllea,

BBOADWAT, NEW TOBK.

74

DEALERS I.N OOVERXMENT, MUNICIPAL AND
RAILROAD 8BCURITIES.
DEMAND DEPOSIT ACCOUNTS RECEIVED
ONTBRBST ALLOWED ON DAILT BALANCES.

E. L.

Oppenheim

Henry

[KSTABLISnKD IM2J.

& 58 New

51

Bkahch
Edward

&

Co.,

BANKERS,
N«. tC

NASSAU
e. o.

ST.,

BOX

NBW TOBK.

!.«».

Raaal*a dapoatta anblect to ebaek at tlcht and
lal

dallr balanoaa.

OovaraBanL Stata. Conntr, City and Railroad
boate eonatantir OB hand f or iaio or azchanKO. and
parMealar attantJon Klreo to tba anbject of Inveataata tot InatJtntlooa and tniat foada.

R. T.

LaoXAHD Stkut.
'Walter Del. Mar.

Oppenheim.

Alexander Campbell

VV^ilson

&

Co.,

BANKERS AND COMMISSION MERCHANTS,
3 Ezchmnse Court, New Tork.

&

Co.,

BANKERS AND BBOKEBS,
17

NASSAU STBEET,

NEW TOBK.

Malcolm CAMPakix. Member of N. Y. Stock Exoli.
H. CBCaiB OAKUT.
JAMBI WHITILT.
Maticabd a BTRI.

BkHBT H. DoDOl, Waahln«ton,D.O.
WM. R. TBATaita, gpaolal Partner.

Prince

Tranaaat a ganaral baoklnA bnalnaaa, Inoladlnd tha
pwataaa aad iaia of aacorlUaa Uatad at ti>a Naw
York Stock Bzakanda. or in tha open markai.

ma wm nn

L.

Street and 42 Broadway.

OrricE, 81

Inatltatloaa.

S. Ives

& Co.,

BANKERS AND BROKERS,

Particular attealton tgiren to laTaaCmenta for Cap-

Tnui Kanda and

Co.,

Traaaact a Oeaeml Baakiai Bualneaa.

BANKKRHI AND BROKERS,
(MltXS BUILUINO), IB

&

BANKERS

Bosuoa

Co.,

Street*.

(Brahch OrncK, MO Biioai>wat.)

Maaabata WairTork atocB

T.

of tbe New Tork
Stock Bxohanae

Membera

Trowbridge,

F. E.

MiiBi. Booda aod D. 8. OoTanimaot BaoorlUaa
Boacbt aod gold on Coaimlialoo.

Prcaldent.

BANKERS AND BROKERS,
il«. *

Floyd-Jones

Itallata.

W. WOBB, CaaUar.

TINKER

:

No. S KzeltaDC* Coart,
azaaOaot

for

Wa

Rsru TO—

ManhanU' NaUoaal Bank aad Bank of Notth «aiar
laa, Naw Tork MarokanU' MaUooal, Chlaacoi Mat-

)

r. DiCKlKSOlff.I

H.

niI.WAl''KEE, WIS.

and CorponUona

ODLLBCTIOKS an

(or

Co.,

arlek Natlooal. Boatoo.

BOSTON, MASS.
-

Waixott,

COLLBCTIONB
otkan aolMiad.

Maverick National Bank

&

Houghton

:

-

Stocka Add BoQ<ta boaght and told on CommUaloo,
Ordera raoelred 1q Mining Btooka, &nd In UalUted
Secnrltiaa. CoUoctiona ouule and loana negotUted.
DtTidenda and Intsroat eoUeoted.
Dttpoaiu r«oelTed aubjeot to Draft.
Interest allowed. Inrestment aeoorttlea a apeeUUty
We toane a Vtnanolal Report weekly.

Companr.

iiq

iLAMK SOOKS OF EVERY DEaCAIPTKM
ALBERT 0. eOOMLL, PtmMmL
VII FIRtSIUENTS
A. D. SHEPARD,
$. MACOONOUGH,
TOURO ROBERTSOM.
«. M. SMILUE.
THEO. H. FREELAND. SacO^n'Tn

CAPITAL,
srarLUB,

Co.,

Co.,

BANKKR8 AND BROKBBS,
No* %4 Plae Street, New York.
TranMict a General Banking Bosinesa

rkAKK

COVER.N'Mr.NTS

&

C. Walcott

Joe. C.

Forvlsn Co«ernmenta.

•AXK

1,117.

I^itxatucial.
.
J-

Bank Note Company,

NO.

1886.

'ginnncUiX,

AMERICAN
NEW

20,

&

Whitely,
NEW

TOBK.
No. «4 BROADWAT,
„ ._^ r.^.^.JW'Mf'ATey New York.
BBAVCB Omcaijg|9jBu,gt^waahlnKton,D.O
aell on aoaunlaalon all olaaaea of Railroad
and ProTlalona.
PtlTaMTalaaraph wtrei to Philadelphia. WtlmUui.

Bar and

gaenrltlaa; alao Grain

ton Baltimore, Waahln«ton.Brtdseport, New
BnatoD and Pltubnra.

W. H. Goadby &

HaTan

Co.,

BANELEBS AND BBOKBBB,
N.0 . 84

BBOAD STBBE1,
New Terk.

THE CHRONICLK

u

gattfegyg »tt^ gyawjers of

&

Morgan

Drexel,
&

Drexel

Drexel, Harjes

Co.,

PBILADKLPHIA
ZtOMESllO

& Co

11

PARIS.

n.

B.

AND FOREIOS BANKES8.

AND THKIB COBBESPONDKNTS.
Draw

J.

Pblla.

New York.

8EL10MAN FREKES & ilV., Paris.
SBLIOMAN i STETTHKIMBR, Frankfurt.
AL8BEKG, GOLDBKKO & CO., Amsterdam^
ALTMAN & STKTTIIEIMER BerllnT

Boston.

^^

AND

AI.BXANDER BROlirN & SONS
Buy and

Payable In any part of Europe, Asia, Africa, Australia and America.
Draw Bills of Bichange and make Telegraphic
Transfers of Money on Europe and California,

BAX.T1M0RB.
Sell Bills of

Excbange
OH GREAT BRITAIN AND IRELAND, FRANCB J. Kennedy Tod.
GERMANY, BELGIUM, HOLLAND BWITZH. O. NORTHCOTE.
KKLAND, NUKWAY, DKNMAKK,
BWKDKN AND AUSTRALIA.
Irane Commercial & Travelers' Credits
J.
IN STESLINQ,
No.

ATailable In any part of the world. In FRAKC8 for
Martinique and Uuadalonpe, and In dollars for
ase In this and adjacent countries.

63

&

points in United States and Canada,
in the United States on
foreign countries
their London house. Messrs. BROWN, 8HIPLKY
CO., receive accounts of American banks, Arms
and individuals, upon favorable terms.

nd
A

J

.

Offer Investment Securities.

all

&

Buy and sell bonds, stocks and securities In all American, Canadian. British and Dutch markets on commission. Collect dividends, coupons and foreign and
Inland Drafts.
Exchange on
EVANS Jt CO., 1 , ^»,i„„»,
LONDON.

Sell Bills of

MELVILLE,
('. J. lIAmUKO A SON,
niARCUARD, KRAIISS

&

Co.,
J. Stuart
33 NASSAU STREET.

BILLS OF

HOTTlNUUEk

EXCHANGE ON

SmiTH, PAVNE

ic

53 'WlUlam

MANCHESTER, PAYABLE IN LONDON

ULSTER BANKING COHIPANX,
BELFAST, IRELAND;

AND ON THE

NATIONAL BANK OF SCOTLAND,
EDINBURGH AND BRANCHES!

John Munroe

&

Co.,

No. 32 Nassau Street, Nenr Toik.
No. 4 Post Office Square, Boston.
Circular Letters of Credit for Travelers'
Abroad against Cash or Satisfactor}
Guaranty of Ke-payment,

U»e

Excbanse on London, Parts, Berlin
and Zurlcb.

B

Ruckgaber,

ANK BRS

29 UriLLIARI STREET, NEIT

&

& Co.,
BANKERS AND BROKERS,

Unger, Smithers
the

New York

Plnsnola!

Agent

In

the negotiating and

Se'^u'-ltles.
Deals In
yfj^n^f/'o" °'h State.
tion, Ilallroad,
Municipal, Ac

BoKds-Corpora-

Bxocutesorden*
Stock8,4c
2:;,?'h'?"PJ'""5°
Mid dividends. 'H,"""""- money on Collectsinterest
Iteceives
deposit, allow•^* "I?'™''''' Investments offer, wlU
?i!,i Its Debenture
issue »!7>"'iL,
Bonds, secured by its capital and

WILLIAM BBOCKIE, President
"AliKEK. Vlce-P esldent.
iltflNKx m'^^^'ovV'",':' Treasurer.
M. HOl r. .Jit.,
^, KTHKI'BKKT WATTS, Secretary.
T.„ ,^ of
Board . Directors-WilJiam Brockie, George 8.
Pepper. Morton McMiehael. Wharl.m Harkcr, ifenrr
C.Gibson.T.Wistar Brown, William Potter.
Advisfiry Committee of SUckholders.—
Troutman Gustavns Kngllsb, Isaac II.George M.
Clothier.
Wilimm Pepper, M.l)., Thomas Dolan, John al
Reading. Joseph E. Gllllngham, .lohn Wanamaker.
Heiiry K. i-mith, Charles B.Wright, Henry Lewis.
Cralge Lippincott.Hamllton Dlsston. Clayton French,

HKNRY

r rands Rawle.

Heidelbach,
Ickelheimer
Exchange

&

Co.,

STREET,
NEW YORK.

29 Tt'ILLIAin
Cor.

Place,

FOREIGiy BAIVKERS.
BUY AND DRAW BILLS OF EXCHANGB.
MAKE CABLE TBANSFBKS, ISSUE TBAVBLBBS' CREDITS.

ISSUE COMMERCIAL CREDITS, ATAILABLB

ALL PARTS OF THB WORLD, ON

IN

Messrs. C. J.

Hambro &

Street,

^pjecial

Son. London.

New

CO.,
York.

%nvzstmmt8.

American Bank Note

Co.'s Stock.

Detroit Mackinac & aiarqnette
Bonds, all issues.

Texas & Pacific Income and
Grant Scrip.

RR.
Land

& Ohio Central Railroad Stock
and Scrips.

Toledo

DRAW ON

Stock Exchange

DCAi,ER8 IN Foreign Bzchanoe, aovERNMxirt
AND OTHEK INVESTMENT BONDS.

BOUGHT AND SOLD BY

TOBET

SCOTLAND.

4

AND

6

KIRK,

&.

BROAD STREET,

NE^Y YORK.
Maitland, Phelps & Co.,
B A IW K E R S
Geo. H. Prentiss
ABD

COMMISSION MERCHANTS,
22

&

No. 49

ST.,

Co.,

NBUr YORK,

208 inONTA6I7B ST.,

Tokk.

telegraphic transfers of money
ON MEXICO, CCBA. dee., •fee.

Kidder, Peabody

&

Co.,

FOREIGN BANKERS,
Nassau Street, New York,

BROOKLYN.

GAS STOCKS

bills of exchange, letters of credit,

1

W^ALL

&

A»I>

24 EzehauEe] Place,

New

Hamburg.

niessrs.. niarcnard, Krauss
Co., Paris
Commercial and Travelers' Credits.
Bills of Exchange.
Cable Transfers.

ot

Co.,

THB UNION BANK OF LONDON
BRITISH LINEN CO. BANK, LONDON AND

YORK

correspondents of the

International Bank of London
(Limited), London.
niessrs. John Bereuberg, GossIer&Co.

Members

&

;

Made by Cablb.
Paris House— inUNROE & CO.

&

Fnll paid.

•

—f.^'l?.,*'

{

Accounts and Agency of Bi.nks, Corporations
Arms and individuals received upon favorable terms
Dividends and interest collected and remitted.
Act as agents lor corporations in paying coupons
and dividends also as transfer agents.
Bonds, stoclis and securities bought and sold on
commission, at the Stock Exchange or elsewhere
Sterling Exchange and Cable Transfers bought and

Obidits Opened and payments

Schulz

82,000,000

"e"' Bills of Exchange, drawing on
'•°''^"''' "I*" 0° Paris aad

sold.

AuLSO,

UABLE TRANSFERS AND LETTERS OF CREDIT.

lune

& CO.,

PATON &

JTESUP,

"LIMITED,"

Captial,
n^^il' n"" ''

j

SUCCESSORS TO

nANCHESTER & COUNTY BANK,

of Philadelphia.

& CO.. )i>.„<a
^"^ PARIS,

John Paton

SJniTH'S,

BANKERS, LONDON

CO.

CHESTi\UT STREET.

310

8TI»:eT,

Act as Agents for Banks, Bankers and Railroad
Companies.
Issue commercial credits, also foreign and domestic
travelers' letters of credit in pounds sterling & dollars.

make TelegrapUlc Trausrers ot inconey
Metweeii tills Oouutry and Europe.
MAKECOLLEUTIONS OF DRAFTS drawn
and of drafts drawn

WILLTAM

Co.,

BANKERS.

ue In

INVESTMENT

Alexandeb Babing.

Member N. Y, Stock Exch'ge

Kennedy Tod

abroad on

Co.

BANKERS.
23 BROAD STREET,

Issue Letters of Credit for Travelers
On SELIGMAN BROTHERS. London.

Co.,

THE

Berliif

Kxchanue on, and make Cable Trant-

& W. Sdigman &
No.

OLD BROAD STREET, LONDON.

&

Bills of

England, France and Germany.

fers to,

Attornits and aokmts of
neasn. J. 8. IIIORGAN & CO.,

Brothers
NEW ¥OKK.

parts of the World, through
N. ni. Roihacblld dk Hona, London.
is Ro'hxrhlld Bros., I'arU.
M. A. de RoihHchlld X. 8on», Frank,
loriovin.
deKatliMhlld,;EB<i„ Vienna.

XUl.

H-tJcliangc.

In all

Meura.

naiuunum.

Deposits received subject to Draft.
Securities
sold on cotuiuissiun. Interest allowed OD
Daposits. ForelKD KxchanKe. Commercial Credits.
Cable Transfers.
Circular Letters for TrsTelera,
Tallable In all parts of the world,

Brown

Co.,

No. 12 Pine Street,
ISSUE TRAVBLEUS' CKKDIT8, available

boHKbt and

Wo. 22

&

BANKERS,

NEW YORK.
Oor. of Uh & CbeatDnt 8U. 31 BouleTard

MovfdQU

Co., August Belmont

WALL BTKEET, CORNER OF EROAB,

[Vol.

AlTD

OAS SECURITIES,
Street Railroad

Stocks and

Bonds

AND ALL KUTDS O*

BROOKLYN SECURITIES
DEALT

113 Devonshire Street, Boston.

IN.

ATTORNEYS AND AGENTS OF

sbh sab quotations in this papbb.
Geo. h. Pkintiss. W. D. Prkktiss. W. W. Walsb
CO,, London
Member N.Y.Stock Exch.

BARING BROS. &
COramERCIAL CREDITS,

Messrs.

First Mortgage 6 Per Cent Gold Bond»
Circular Credits for Travelers.
STERLING LOANS A 8PKCIALTY.
St. and 62 Cireene St. N. Y.
(Sl!2,000 PER MILE),
Buy and sell on commission, for investment or on Cable Tkansfers and Bills or Exchanqk on
mwgin, all securities dealt in at the New York Stock
JACKSONVILLE TAMPA & KEY WEST
Great Britain and the Conttnent.
E ccbange.

44 'Wall

Canadian Bank of Commerce.
CAPITAL,
J.

|8,000,0(X).

H. (,)OADB¥

Stmptns,

»1,600.000.

& ALEX. LAIRD,

AGENTS,

IS

EXCHANGE PLACE, NEH" YORK

BUY AND SELL 8TEKL1NG BXCHANGB, CABLB
TRAN8FKK8, KTC,
IS80H COMMERCIAL CREDITS, ATAILABLB
IN ALL PARTS or THE 'if OHLD.

KOVNTZE BROTUERS,
BANKERS,

120 Broadway, Equitable Building, New York

LETTERS OF CREDIT AND
CIRCULAR NOTES

Issued 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 various
places in the United States. Deposits received subjeot to check at sight, and Interest allowed on balances. Government and other bonds and Inveetmeni
•eoorlUei bonght and sold on oommlulon.'

RAILWAY COMPANY.

Issue limited to tl..'58,0iX).
Principal due 1914^
Interest pavable In New York .January and July.
Completed Feb. 2'2. 1886, Standard gauge. Steel
First-class equipment.
This road f.»rms a part of the through line from
Florida, over which the Cuban
mail is now carried. We recommend these bonds as
secured by a large and rapidly increasing througb
and local business. Price, par and accrued interest.
Pamphlets and copies of mortgage furnished.
raits.

New VnrktoTumra,

B. A.

LANCASTER & CO
10 Wall

Street.

IHE CHKOMICLB.

NorxxBEKSO I'm.]

ib

Saulicvs nm\ irolicrs in ^evo ^Jovli
Fred. H. Smith,
BANKER & BROK£K.
H*. SO BKOAD ST., NBW YOBK.
TvMtT rau*' •xparlaoea In

ttm davlac

lUllrocd Booil*.

"tss koagkt tn Mania.
__
tot
ttSmta Cauor os
V.
8.

B. amra. l MamMn Conaoildatad Btoek and
W. SMtTR. > Petroleum xohanse. New York.

CKAL J. ToirXSBXD,

LASSiaO

C.

MamMr N.T. Scoek BTfliaiw.

St.,

WASHBCIUr.

TRANSACT
DKPOSITS

rooelTed and

&

Washburn,

BA>'K£R8 AND BROKERS,
Ho. • W«U Street, Ifew Tork.
Boada Boojtbt and Sold on Commlaalos

atti

I

1 0f OB marsln.
(Ivea
1 atuouon

to CnHatad Baearlttaa.
reealTadaabJeet to Cheek at 81(111.

~

Coneapondwiee

aoltelted.

CMABLM r. Cox

WM. T. CAWtua.

ItMaber N. T. Btook zakaoce.

&

Carolin
ten *

Cox,

C<f l««i«» S«o«k Broken
H BBOAOWAT.

KO.

Bnnak OMee. tU Madlaon At. eor. 4M at. Raw Tort

York.

allowed on

Bar and Mil OOVEHNMKNT, MUNICIPAL and

RAILROAD

Soeumies.

TAINTOR.

OBO. H. HOLT.

O. D.

L'nmLlKB.

HnuM Dkwi.vo.

Clark Dkwino. T. T. BosTkcoc
(Member of New York Stock KxchanKe.)

IN

FIRST-CLASS INVESTiHENTS.
Bnr and
all

PrlrateteleiTapb wtteato PrnTtdeaoeand Boatoa
O. B.

DEALERS

biulneaa.

INTEKBST

Sons,

Sistare's

16 & 18 Broad Street, New York,
121 Sooth Third Street, Philadelphia.
York. Connected br Privnte Wire with maUi office. New

balaaoea.

Ixo. P. TuwssisD, Special Partner.

Townsend

NewyNew

Cor.

GENERAL BANKING

a

Geo. K.

Holt,

BANKEB6,
^o. 11 ITall

Par

Doeumot Boo<U wil<
rneUoiul LoU or otkarwlM.

bar or Mil

to

&

Taintor

(Cltij.

sell

on Commission, for cash or on marvln
New York Stock Bz-

secarttles dealt tn at the

chanpe.
Interest allowed on dalW balances.
All deposits subject to cneok at sisht.
Particular attention to orders br malt or telegram

r.C. BotXJNB.

i.H.WAaaoNis

B.H. Bmirson.

Frank C. Hollins & Co.,
H. Dewing & Son,
BANKERS AND BROKERS,
BANKERS AXD BROKERS,
No. 18 Wall Street,

New Tork.

Members N. Y. Stock Excbanx^

Btoek* and Honda Boocbt and Bold on Commlaaton
Partlcnlar attention given to Information rettardIna loTeatment Hcarttle*.
Iowa Loan A Troat Co. S per eent Debentniea

bombt and

ii ld.

NEW YORK,

8TRBET,
AND

CLARK 8TBEBT. CHICAOO.

a46

&

Gorham, Turner

WALL

11

Co.,

ILI..

A. Dutenhofer,

BROKER

BANKERS AND BROKERS.
New Tork

AND
Dealer In HiBcellaneons Secnrltles,
Malt Id at tbe New Tork Btoek Bxebaoie
MILLS BUILDING (Sd Floor.)
CBAa. W. Tuwrut,
aed aoM oa OoaalHlon. (or Caah or opoa Acami a. QoKBAM.
CRAB. C. NOBUC.
Member N. T. Btook Exeh
BoomiHAas.
33 WALL STREET.
STATE AND CITY BONDS OF OBORGI A, ALSO
SBCURITIiH OF TUB CENTRAL UR. A BANK.
Co.,
Huestis
C. J. Turner,
INO CO. OK GKOHUIA A SPECIALTY.
Inreslors wlsblng to bur "r sell are inTlted to oaU
31 PIltB STREET. NEW YORK.
(U rean' Mamberablp In the N.T. Btook Kzehaaae)

*

al«bt,aat
Daeoatu reeelred aableet to ekaak
«wad oa dalljr tulanaaa. AUatoekaaad

—

Kills Bnlldlns, 35 IVaU St.,

&

Wood,

BANKBBS AND BBOKBBS.
rcccaaoBa to
«c DAVIS.

WOOD (•smtlae
!< •>

BANKER AND BBOKBR,
16

*

BEGAD

18

ST..

HSW TORK.

or oorraapond. Prompt and personal attention fftren
to all order*.

IIOWABD LATBAM, FBIDCKIOK W. PfUBT
Member o( N. Y. Stock Kioiian«e.

lOBIf

New
n>anaaeta a general Bankinc boalneM, Ineladlnc Ibe
TortStoeka^iauuxe. forHale:
Buxna. parenaM and aale of atocka and band* foraaah or oe
#nmSIaMRAiLa<MDiriiu>TMoBTOAOi _ __
c. 11. iiuictt Tia. l. m. swaw.
•oSaicTwuoo.

aawaM

WAMioa

luted at the

ntkD. A. Bkowa.

B. BaowK.

BmuBT

P.

Baowa.

Walston H. Brown & Bros
BACKERS,

KW

Ho. >S

Bishop,
BAVKEUn A.Vn BKOKEK^
_
PINK STBBKT, NBW TOBK.

iMsmben Now York Miick Kiehance.)
Aceuvnu '( Ri>nk.. H*nkfn siul i4hers reealTed.
--

.

"tmmlsaloo

-

.ndbonda,

n'

T

Noa. tS

&

A

iileaso-..
anlt.

'

L

ul

Umiloa in amuunu to

&

Kimball

J.

Bdwaad

W. H. mraman'*,
Maaiber N.

P.

Aujks

V. Stock Bxchaniie.

Dickinson & Ailing,
AND BBOKBBS,

ANKBBS

Mo. SO riBO Streot, T^ow Tork.

mU

It. T. Moek B»chan«e. (or IHon MABOIMrall elaaaea o( Woeks
and Bnads. and allow Interaet oa deposUa, eabject to

Bar and

TBSTliBNT

at

or

IS
IN

*

18

BBOAD

(f^ Co.
BANKERS,
WALL STBEET,
How

Tork.

'TranHCt a Oaoeral Banklna Bulnaas, Inelodinc
tbe parakaM and aale of BT0CK8 and BONDS for
aaeh or oo naraln.

Mmj

•<

Sell

InreotSMat Sa««rttloo.

p. o.

BU(^[|k^_

jw

aEa..J. Home,
A.M. KtsDot. WATi^.<
w. 0. Bmmmm^^^

^

ISood^t

AND DKFADLTBD BONDS
CORRBBPONDBNCB gOLICTTBD.

Co.,

BANKERS,

GBOAB STBEKT.

Vanch

Tork.

W. ALU. BASS, Jr.

Kxcb

J

ge.

&

Chew,

STOCK HKOKKRS,
Exchange Couri & i'i Itrondwar,

N.

Y

Stocks, Bonds and UnltuU StAtea Goremmec
Securities Bonjfbt and Sold on Commission.

Bbtbult Cbbw.
Jab. D. BiaoKB,
T. Stock Exchange.
Y. PnMluoe Exchange.

Member N.
Member N.

William T. Meredith,
48 WALL STBBBT,
(Bank of New York BuUdIng).
Bond* and Stocks boogbt and sold at the
Tork Stock Exchange.

New

HASSAO

&

ST.,

Co.,

NBW TOBK.

ear.

Ufllce, .t4I

.

RBITBBW LBLABO.

&

&
BROKERS,
STOCK

BANKBRS,

No. 26 BBOAD STREET, NEW TORK.
NIOOLL FLOTD, JB
JAMX8 W. WALSH, JB,
Member N. Y. Stock Exchange

Co., ONITBD BANK BOILDINQ, Stewart Brown's
Wall Street, corner Broadiray.

BANKERS AND BROKEB8.
STOCKS, BOS DH a COUMEKCUL PAl'BR.
sold on commtiwlon
and
T4 BBOAOWAT aad e NEW STBKBT, Mt Stcok. York Bonds bought and .Advances made on
Htock Exchange.
Mew

Now

Y. Stock

Exchanie PInre, It. Y.
DBALKRS IN ALL KINDS OF
in »' I'- "t.. Chlca«e,
BUSINBB^
TRANSACT A OBNKRA
U gALB OF Railroad and InTestment Secnrltlest
lN<I.LI)INO THK I'Ll:
U l)N MARSTOCKS AND BONDS K":GIN. BUY AND SELL IN VKiiTMK.NT iiHCURIBourmcBB SkcnBiTiBa a Spbcialtt.
TIBS. INTEREST ALIX>WKD ON DKP0BIT8
CUBCK AT 8IOUT.
SLBJBCT TO
P. O. Box «47.
Floyd,
C. W. MCLBLLAS.
D, A. BOOOT.

SH Brsadwar.

<

Lapsley

Bass,

BROAD STREET, NEW YORK,
STOCKS, BONDS

Simons

No. IT

dBallOera

Howard

Building,

Walsh

BANKEBS,
la additloa to a

&

Rolston
Ho. 20

Simon Borg

BONDS. BiaCBLLA.<«B0U8 BSCDBITIBS

Ho. St

Bank
Neir Tork.

ST.,

&

NASSAU STIIeET,

BONDS AND LNVBSTMENT SBCURITIB8 FOB
SALE

ALL KINDS OF INTS8TMBBT

Gilman, Son

No. 7

(Continental National

Quotations obeerfullr fumUhed.

Albert Pearce,
BBOKBR

Dealer In InTestment Secnrltles,

WM. H. ROLaTOV.

Au—dB. U»p»»a»aT No. IS

KiaaAU»

BOND AND STOCK BROKEB,

Member N.

Bar aad sell oa eoamlsatoo, (or lareatment or on
iMaila,all seearttiea dealt la at ueN.r. 8toek ExoA.
J.

Solicited.

Robertson,

L.

J.

Co.,

Memb«a nSSadetpSa StookBnMUMa.
IS «c IB Broit« MmM, Now Tork.

Boaaa*

CorrespondenM

OorraepondenM solicited.

BANKEBS ABO BBOKBBS.

oo.

WALL STBBBT, NEW TOBK.

3

Conntr, State, Railroad. District of Colombia
Bond* and Foreica Bxcbanae.

AND BISGBLLANBOUS SEOVBITIBa

attewon (treo toBaauWot farlaTastmeoi.

R.

Co.,

<fo.

BANKERS,
35 Naaaao St., Ncir Tork.

ReealTe depoelti and eonalcamenta of Banion.
Deal In Inraafaat SeenrlUea aad roiwUn Bxchaoae and InTlteeorraepoadenea.
Partlcnlar attention inren tolnfonaatlen regardlnf
nt aecorllle
tare

&

CNtTEO BANK BDILDINQ,

>1ir.

Janney,

-rracase.

eakeater.
anw on cil> IMuk
I

Co.,

H. Latham

,

Orders for Blocks and Bonds ezeeuied at all
Efobances.
Bapecul attentli>n given to snpplrlng btgh-claaa

Chrystie

&

tall

&

BANKERS AND BR0KER!4,
No. lO WALL ST.. NBW TOBK.
INVESrnK.XT SBOCBITIKS.

NO. SO NASItAIJ 8TBBBT,
TOBK.

Hamilton

Joh n H. Davis

J

t;UBiDc4e papor

and other

securities.

Sons,

STOCK BROKERS,
84

Broadwar dc IB New

St.,

Now Tork

THE CHRONICLE.

IV

©atiafliati atua f^oveifltt

gauUB

FOREIGN.

CANADIAN.

Hong Kong &

Bank of Montreal.
-

-

-

SCHPIiUS,

-

-

-

W.

J.

69

913,000,000 Gold. Paid-up Capital
$6,000,000 Oold. KeserveKund

61

General Manager.

OFFJOE:

STREET,

IW^ALIi

Walter Watson, (Agents.

7,500.000

The Corporation grant Drafts, issue Letters of
Credit for use of Travelers, and nei:ot>ate or collect
at Bombay, Calcutta, Singapore,
Bills pavablo
Saigon. Manila. Hong Kong. Koochow. Amoy.
Nlrgpo. Shanghai. Hankow, Yokohama, lllogo, San
Francisco anc London.
A. DI. TUIVMMKMU. Acent. 47 Willlaoi Hr.

ALEZ'K L.ANO,

SterlInK ExctaanKe, Francs and Cable
grant Commercial and Travelers* Credits
ATailable In any part of the World tssae drafts on,
•nd make Collections In, Chicago and throughout the
Z>omlnlon of Canada.

Bar and Sell

Transfers

;

;

Blake, Boissevain & Co.,
LONDON, ENGLAND.

PINE STREET.
DEAM-NQS IN

INSURANCE STOCKS
A SPECIALTY.

4.100.000
^''''•S™

Bailey,

S.
Sifl

»7.5(X),0(XI

Reserve for Equalization of Dividends....
Reserve Liability of l*roprielors

President.

BUCHANAN,

4c

Shanghai

-

NSW YORK
No*.

E.

BANKING CORPORATION.

CAPITAL,

a F. BMITHEKS,

special 'gavKstrntnts.

f^Ruhsxs,

attjft

Cash paid at once for the above securities ; or they
will be sold on commission at seller's option.

Investment Securities
BOUGHT AND

I,aiie.

Bonds,

ticioto Valley

ALBERT

Neffotinte Hallway, State and City loans.
orders for Bonds, Shares, etc., on Com*
mission, and transact a general Banking and
Commission Business.
Special atteution given to the execution of
orders for Securities on the New York, Lon-

Imperial Bank of Canada
CAPITAL

(paid up),

-------

SURPLUS,
H, B.

-

-

HOWLAND, Pres't.

HEAD

D, R.

$1,500,000
$500,000

WILKIE,

Cashier.

don and Amsterdam Exchanges
ence with

BLAKE BROTHERS A

OFFICE, TORONTO.

stock.

Agents

in

London

Lombard

Promptest

Sterling Exchange.

Agents

Lloyd*8, Barnott's & Bosanquet's Bank, lUnited,

6a

&

in

New York

CO.,

New York,

18 IVall Street,

Branches— Brandon, Man.; Calqary, Alba.; Bssei
Centre, Fergus, Gait, Ingersnll, Niagara Kails, Port
Colborne. -m. (;atbanne8, 8t. Thomas. Toronto, Toronto, Yonge St., Welland, Winnipeg, Man., WoodBealers in American Currency

in correspond-

38 State Street, Boston, mass,
AND

ADOLPH BOISSEVAIN

&.

CO.

59 Wall Street.

ritreet.

Columbus Hocking Tnlley

Kanaivba

&

New

remitted by draft on

•

-

$5,799,200 Paid Up.
$1,600,000

-

Eeserre,

ANDREW

President,
Vice-President.

BEAD

AI>T,AN, Esq.

ROBEKT ANDERSON, Esq.

OFFICB, mONTREAI..

NEW YORK AND BROOKLYN

LONDON, BNO.— The Clydesdale Bank (Limited.)
N. B. A.
of New
NEW YORK—The Bank buys andVork, Sterling
sells

The New York Agency

Ex-

COMPANItS'

BOUGHT AND SOLD BT

LONDON.
Solicit accounts and agencies of Banks, Railways
Corporations, Firms and Individuals upon
favorable terms; also orders for the porcbase and sale of Bonds, Shares, &c., Ac. on
the Stock Exchange.
Interest allowed on Deposits, subject to 60-days

GEOROK HAOUB, General Manager.
J. H. PLUMMER, Assistant General Manager.
BANKERS:

96 Broadway.
See

my quotations of Trust

in Itailu liidicator

demand drafts.
Nesotlate Railway, State and

City Loans.

NEW

THE

Nets York Agencr, No. 61 IVall Street.
HENRY HAGUE,
I Aients
JASents.

Railway Share Trust Co.

B.

HARRIS.

BROADIVAT,

No. 146

YORK.

CITY RAILROAD STOCKS & BONDS

:

JOHN

and Telegraph Stocks
and Saturday's Bfmins Post.

H. L. Grant,

Bank of England rate, and
one-percent below that rate subject to

sight drafts, at

change, Gible Transfers, issues credits avHilable in
parts of the world makes collections in Canada
andelsewnere and issues drafts payable at any of
the oflQces of the bank in Canada. Every description of foreign banking business undertaken.
all

Stanton,
BROAD STREET.

y. S.
16 and 18

62 Gresham House, E. C,

OF CANADA.
Capital,

Co.,

York.

Merchants' Bank

Ohio.

East Tennessee Va. & Georgia.
American 8pcaking Telephone.
Southern Telegraph.
BocQUT AND Sold by

ALL OF THE

&

Heinemann

& Toledo.

Toledo <& Ohio Central.

attentii»n paid to collections payable in

any part of Canada.
Approved Canadian business paper discounted at
the Head Office on reasonable terms, and proceeds

all issues.

E. HACHFIELD,
No. 6>< Pine Street.

TRUST Co.'s STOCKS

Amsterdam, Holland.

:

Bank or Montkeal.

SOLD.

\r ANTED:
Toledo Ann Arbor A North Michigan ists.
Southern Central Ists.
MIddletown Unionvllle A Water Gap 5s.
Indianapolis A Vinceunes Ists and 2as.

Execute

Iiondon OIBce, No. 22 Abcbnrcli

XUn

[Vol.

BOUGHT AND

SOLD,

Bee Quotations of City Railroads

JB.,

In this paper.

Railroad Bonds.

Specialists in

(LIMITBD),

AGENCY OP THE

STREET.

Issae

Capital Paid Up, X9Tl,SeO Sterllne.

CREDITS

acted.

MCTAVISH, ) . .--tSTIKKMAN, J -agents.

This Company undertakes the business of Trustee
to

Loans of approved Railways, negotiates and

issues

Loans on the London Market, acts as Agent tor

Railways and other Corporations, either in the mat-

D. A.

H.

street, ne\r york.

DEGHUEE'S

demand

CIRCUI.AK NOTKS

Elliman,

coeeesponhence invited

Exchange and Cable Trans-

sell Sterling

drafts on Scotland and Ireland.
Also on Canada. British Columbia and San Francisco.
issued in Pounds Sterling
»TalIable In all parts of the world. COAIMEItIS.SIIKD for use In Europe,
ClAl,
China, Japan, East and West Indies and the Brazils,
Elver Plate. 4c.
Bills collected and other banking business transfers.

18 ttali.

North America,

Mo. S2 IVALI.
Bnr and

&

Buttrick

LONDON, ENGLAND.

OF

British

BANK BCIIiDINeS

No. 4

Bank

ter of

TABLES OF BOND VALVES,
PUBLISHED AND FOR BALE BT

CEO.

yV.

DOUGHERTY,

Boom

payments of Interest on Loans, Dividends on

D,

miUa Buildings

or Registration of Stooks in London, or otherwise.

Gzowski

&

Buchan,

STOCK AND EXCHANGE BROKERS,

Staten Island Securities
A SPECIALTY.

London.

Cable Addreas-PATT,

TORONrO, CANADA.
Blocks and Bonds. Sterling Exchange, Drafts on
New York, bought and sold at CURRENT PRICES.

COLI.KCTIO.NS MAIJE.

THE
Californian
Anglo-

liONDON, Head OHIee, 3 Anfirel Conrt.

SAN FRANCISCO

4

Australasia,

of

Bank

(Incorporated by Royal Charter, 1885.)
Threadueedle St., Iiondon, England

-----....--

Paid-up Capital.
- Jtl.fit O.uuO
Reserve Kuiid,
i:7V0,000
Testers of Crcd t and Drafts issued on any of the
nutuerous branches uf the Bank throojibout Austraila and New Zealand.

Olllce,

422 California St

NEW YORK Agents, J. & W. Sellgman & Co.
BOSTON

(JorresiKiDd'ts, Masaaoliusetts N.

Authorized Capital,
Paid-up Capitol, Reserve Fund, - •

-

•

•
-

Bk,

$6,000,000
1,600,000
- 400,000

London at

Transact a general banking business. Issue Commercial credits and itillsof ICxchaiige, available in all
parts of the world. Collections and orders fur Bonds,
Stocks, etc., executed upon the most favorable terms,

VKIDKAUA UKLBY,

IG.NaTZ STKlNUART,J,"i°*<'"P. N. LILIENXIiAL, Cashier.

Bills negotiated or sent for collection.
Telegraphic transfers made.

Uepuslureieived

in

& Amusement

interest for fixed
periods, or for transfer to the colonies on terms
Wmoli may be ascertai ned on application.

Seoretarr.

KKDK

F.

LOW,

i

M«T.Hi7«nL

Co. Stocks

GEO. B. RIPLET,
66 Broadvay. F ooni

(LIMITED).

FOREIGN.

Bank

Railroad Co.

Cahoone

&

Wescott,

18 Wall Street,
Execute Orders

in

all

8.

New York,

Securities Listed

on

NEW YORK STOCK EXCHANGB.
Special Attention given to

GoTernment & other liiTestment Bonds
Correspondence Solicited

IF YOU WANT TO BITY OR SELL ANY _
PDTSORCAi.I.riON -"TOCKX <IIt BONDS
write

BO

telegraph to, send for, or call on,
li. \v. miiJknbaiIm,
Kxchniig"' rlnr», N^wr Vork.

to,

Send tor

my new

Circular

Just Issue*.,

NoyKVBSTSO,

THE (5HR0N1CLE.

1886.1

Srost

^mst

<2^0mpaiitjes.

Metropolitan Trust Co.,
MllU

W OAPITAL,
33 Wall

Bulldln;!.

rAID

New

St..

York.

•

Ums m

THOMA ViiiLl.Honfm, PraMdanl.
1).

WALTEUJ.

TAPPBW. VIO-PTMKIwti

BKirn.N. SaerauuT.

&

Mercantile Trust

Deposit

C»MPA.vr. OK

•

Rfi'artxed

•.J,Oa0.OOO

Caplial,

Anthorlaed to act aa BUemtor. Administrator,
Oaardiao. BaoeiTcr, or Tmataa, and la

A UCfiAL DKPOSITORT FOB MONKT.
Mdaoniaa TiBat ea of mofffn aa Ba or corporatlooa.

Aeeapta tb« trana/er mgeacj - od nglmtrj of atooka

Takaa

and remlta

eharna of propartT. eollecta

In-

tanK and IBCW* pranptlj, and dltcbanea falllitmr t>« *mMmvt wtmj traal known to tha la*.

PHILADELPHIA.
$1,000,000

Paid-up Capital
SOO.OOO
Acts as Execmor, Administrator. Assignee, ete,
and executes trusts of every descrlpUun known to
the law.
All trust asseU kept separate from tbore of the

guarantee.

^^

Paintings, Statuary, Bronies, eto., kept in FireProof Vaults.
Money reoeired on deposit at lnten>st.
JA8. LONG, Preet. JOHN O. RBADINO. V.-Prest.
S. STOK Bx. Treasurer A Secretary.

PATTEHSON, Trust

U. B.

uacer.

DntkCTORS.—James Lung. Alfred S. Gillett, Joseph
Wrlgbt. Dr. Charles P. Turner, WlllUm 8. Prlc*,
JohaT.Monme. W.J. .Nead. Thomas K. Patton.Juhu
} a Beading. Wm. II. Lucsi, I). Uayes Aitnew, M. II.
oe. 1. Xeafe, Bobert Patterson, Tfaeodor C. Kngel,
aoob Naylcr, Tbos. O. Hood. Edward L. Perkins.
William Watson, PHlLADELpaiA ; Samuel Kiildle,

Glcs KIDDLE,

Pa.; Ur. George W. Kelly, lUltltlsSimpson Africa, Hontixcdun: Henry
B. Beaert, Bkaui.nu: Edmunds. Doty, MirruNTOW.N W. W. II. liiiTlB, Uuyi-aTOWN B. B. Mun-

CBO, Pa.:
:

J.

:

West

aaban.

wnia kept la raalla wllboat eharc*. Bands and
tmtk s, Plata and all Valuables aecurely kept under
naranti at modemt^ ch>rK««. Palntinira, Statnntee
iry. Bnims es. ate.. k*fpt In Ore-proof vaalts.
T, Biv

Oor.of Montagaeand Clinton Sts.,Brooklyn, N.T.
This eompany Is authorlied by special charter to
aot aa raeaiTer, Usstea, guardian, executor or admin-

W.W.8PK.XCK,

Ptestdent.

Vlce-Prest.

C

L.

riSCHKB

Traaa.

*

See.

DIHBCTOR8:
Mf I.aae, Jnbn T. Unrrt,
Mew&rt HruwD,
t'aBtawartiW. A Tnckar.
W. II. Ulaofurd,

.W.

'Lools

Ipene*.

knaUanlterrlmKobcrt Lrhr.

"

'Ja>. Carer O^ale.
t Oarrett,
D. rishar. OIKer A. Parker,
.P. Tbooas, IW. UWhurldKe,
Wllllaaia. J. A. Hamblatun.
lTh<ia. Oeford.
Andrew Ketd.
.

K. A. Jenkins,

Bernard Cabn,
J.WUIcox BruwD.
Alex. Frank,
John GUI.

Union Trust Company

Cbxist^sk.

CA
APITAL.'
VWl9t.VS,-

cor.

Sector St^ N. T.
•1,000,000
9s,ooo,ooo

A i.BaAi. DBPoarroKT roBMOnnrr
laoapt i tke traaafaracaoc; and radstrr of stoeks,
Naeta as Tmstaa of aorttfatfae of eorporatlons,
AUawa uuassai oa dapB^ti, wklcii
lat
b* made at
wMMran oa t«« davP^notlaa, with
vkola ttaa lAay iwiilii witk the

aw

< dapoMlon tAld aoaspanr
nta rabjact, la aaeordaaea

aad allows Iniareat

sICBt,

ua Oaartncrfix
M. MeLaaa,

ht.

^^WESf'

Aa*f«M C. K iDnsiaad,

lS. rnUtochaa.
O au«— A.Jams.
C.

Taadaf W it.

_e Cabot Ward,
tward Klnc,
.

istrator.
It ean act as agent in the sale or management of
real estate, ooilect interest or dirldends, reoelre regtsCry aad transfer tKHiks, ur make purohaaa and sale
of Ooremmantaod other securities.

BallgioiM and charitable Instltnunna, and persons
anaoeoatonMd to the transaction of bnslnees, will
and tUa Compaiir a safe and conrenieot depoaltory
formonay, RI PL B r K(i Pics, President. *

BUMUNI) W.CdKLIKS,

Vlce-Pres't.

THU.>TKi:.i:
JosiahO. Low,
E. K. Knuwitun, n'y K. Sheldon,
Alex. M. White, Jnhn T. Martin, C. T). Wood,
A. A. lyjw,
Fred. Cri>mweU, Wm. H.Male,
Alex. Met ue,
John P. Itulfa,
Klpley Kopes,
Mich'l Chauncey. K. W. C(.rllaa.
Abram B. Baylls,
Wai. B, Kendan,iU.B.PIen«M8l, H. W. Maxwell,

JAMIS Boas CCBIRAM,

ecretary.

U. MeAlnln.

Wa. Whiiaiwilskl.

M

8a«m«

BOHALOeON. Saeretarr.

tha protection of Poliej-bolders.
Aaaata. January Isi, IMA IMio.sao 42.
OMelala of Banka, Kallruada aad Bzpresa (^mp»
alaa. l«snagts.aaertarles, aad CMtks of Public Compaalaa, lastitutionsand (;ommarolaiarms.eanobtala

BONDS OF BVRBTYBBUP

from this Company at moderate cliargea.
The bonds of this Company are aooaptad by the
•oana of Ike ranuus Slates

OASCALTX DKPARTnKirr.
Pollelaa Issued against accideou causing death or
totally disabling Injuriea.
Pull informatloa as to details, ratea. Ac., esn be
obtained at bead oOloe, or of Company's Agents.
Wm. M. Bicba hub, Presi. JOBN M. CBAirB, Saa'y
J. UiixAs,
Oaoi at ary.

or XMW TOKK.
a
a*. «• IVAI^VrBKKT.
Oavltal mat* Barpla^ . - - M,000,00«
npaoi
t,aBa

la a lecal depository for mopars pal4
la aauurtsad to ast aacaaialaaoi

AixowBD cm DBPoarrs. •
^
Mi mar ba mad* at ear nma.aad wttbdrawn afMi
• «WP'Baitaa.aB4w«n ba

OaTid Dows,

W. O. Low.
Charles Dennis.
Alex. Mitchell.
S. B. Chittenden.
fm. M. BIchards,

a. Coe.

aoIMM

vSaialiawlWB*7 >«•»>

•***

OF NOBTH AMERICA.

lontarsatfoi

$100,000
CBah OapltaJ
880,000
Aseets and Keeuarcas
MO.0O0
Oapoeit with insumnca DapaMaMOk
Prasldeot:
TlafcPri^lsnt:
BolOAarrBRBlBB.
ItB ALBZ. T. OALT,

MaBWlng

NO. Ill
D.

a&s —

-~. —

U-MacT.
.OObart,

KSSi». Lotd,

.

fitewsrt.

iRoM.B.lUatam,
lOao, H. Wartan.
Oaoesa Hlas,

iism Libber.

l

U.B.I
"

n

Uaa«>

c

Brown,

«ard Cooper,

Braatn.

B.Ch
John II
•&. a.
. .Pbelpa, J.I....W
AaeoB
TIKiK.NKLL, Secretary.
fiBNHr I..
7VU O. H AMPTOK, AMlstaat g
I

Edwabo KAWuitSi.
OPriCB:

BROADWAT.

J.TOMPKI.NS,

Oloottand

ttln«

f

Street before December 1. ISHI. Copies of the reoi^
ganisatlon agreement can be obtained there.
CHARIRS MdKAN. rhalrroan.

gnUvestf Hiu iflcttdgy

Sic,

PENNSYLVANIA R-ilLROAD
*

CO.

TREASURER'S DEPARTMENT,

PUlLADtLTBlA, NoT. 1, 1888.
The Board of Directors has this day declared a SemlAnnual DiTldend of TWO AND ONK-HALK PER
CBNT upon the capital stock of the Company, dear
of all taxes, payable on and after Not. SStb, next, to
shareholdan as registered on the books at 8 p. M. on
October SOtb ult. On Norembor 29th dlrldendswUI
bepald to women only.
EDMUND SMITH,
First VIce-Prasldoot and Acting 1'reasnrer,

TklVIOEND NO.
*-'

_ _ of
The Board

13.

n.PHlA COBPAWT,
rK.

I

.

in:,

-

..

Pa..

,liis

Not.

in. isse.

company

haT*i I
this

day declared adirldeud of UNK PKU CENT out of
the eamlsgs f or the last mnmh, payable on the 2pth
InstjTransfer books will be closed from the ISthto
the 90tb Inst. Incluslre, Checks will be mailed to

JOH.S

stockholders.

CALDWELL,

Treasurer.

OVPICB HOllIKS'rAKB niNlNU CO.,
Mil LH BriLDIXO, 16 BBOAO
TORK, Not.

17,

STBkn, Mbw

18M.

DIVIDEND NO.

100.

The regular Monthly DlTldead— FORTY CENTS
per share— has been declared for Xlotuber, payable
at the office of the Company. 8a# l-'rancisco. or at
the Transfer Agenoy in New York, on the Mth
Inat.

Tratisfer books close

on the 90th

Inst.

LOUNSBERYACO.. Transfer Agents.

Important Notice,
KAN SAS SEAL ESTAH
aroAass
Bm* tPBOB^PB A mux. TOPKKA, KANSiSL
line the eomplletf Lh3

to trOT.Dliia Of

g

MAiuunntttm.

^

Oaa. Insnmnce. Ilnnks. City Rallroada,
&c. Send'' bst piiblwhiil M..ndKT».
J. P. Wl v i-KI.StillA.tl. 36 Pine Hi., N.V.

©ommctrclal (ChvAs.

Crenshaw
71

WALL

&

ST.,

Wisner,
NEW YORK,

connissiojw UEBcquiiirTf,
Members of the

Cotton, CoOlse and Produce Exoh't

AOkMcr or

THE HAXALL CRENSHAW

CO.,

RICHMOND, VA.
Standard Brands of Flour for Shipment to
Climates always un hand.

Warm

ORIENT GUANO MANDFACT'G

00.,

ORIENT,

f^itmuciSLL

L,. I.

Superphosphates.

SULPHUR MINES COMPANY
OF VIRGINIA.
High Grade Pyrlt^t free from Arsenic.

The

Investors'

334 La Salle

St.,

Agency, Bliss,

Ctalcaco, HI.,

M. L. SCUDDER, Jr., Proprietor,)
ANBWEB8 IHQCIRIBS C0NXER.NINO
American Stock* and Sccnritlei
Ballr'md Dooomaiits.

Compatant Experts.
'^^

Confldeotlal

I taly.

BBAC H, Chairman.

LOIIIS
KANSAS CITY A NOKTHBRN BAILWAIT
COMPANY,
^
A sate under the decree of foreclosure Is adre--

Standard

lane Library of

^

H.

CI.ARINDA BRANCH ~. hi.

J. E. Pulsfard.

8.

ISS^

iHSe.

JOHN

thaaomnar.

m^-JT?5JfcT^S»Sii*«t
JAMBBB,C ^ Mt nmmnffm Pt m ^

O. Hant, S.M.Ba.

:

HBW Tore Dihictobji—Joeapk W. Drexal, A. L.
Bopfc'.ns, U. Victor Newcoma, John Pston. Daniel
Torrance. Kdw. y. WInslow, Biaatus WIman. y. P.

aa well eaialnloaa Bad baoaeoleBt InaUtoUona
'^'1 aomaaaf aegaraalant dopoeitorj fes
l

Director

NEW YORK

"-H M^ simliiWialnia. or trailaaa of astataa
MMMsaaaaamMmad (oiaatraaaaatloaof baat>

WfioB

Ami

UIBECTOUS:

The Guarantee Co.

Vlea-PraaH.

United States Trust Co,

,

BBOAUWAT. MEW TOBK

KO OTBSR BUBUfiaS.

a

A.
KlnssUad.
Kino, PraaMent.

J AMBB B.OUU.TIB.

I

aid

Bonds of Suretyship.

1, B. Waaln;
CO.!
C. O. Wood,

PWARD
JAMU M. McLI/an, nr*t>loa-Prast,

A. O.

A

Sao.

WUHmh^

O. Q.

McLaaa.

J.B.Jahaatoo.1
,.
Bars,

a

Noa. 814

iMaaz Xannadr, Oao. C. Maaoon.

KUCCTITB COMMITTBB:

Jamas

FIDELITY & CASIALTT CO.
Oaafe Ci»ltal,$WWtOOu, inresied la D. 8. Oort Bonds.
•MOioSdapoelved wlU the N. T. Ins. Uep'i, for

Aawsa J. Parker.
Oaainal P. Barter,

,jaraa J. CCrbart.
1

I^tuattcial (f^ampunits.

O. O. WUIIams,

B. Waaler,

.

Dated Norember U.

J.8.T. Jtranahan. A. 8. Banes.
H.A. Uurlbut,
A. B. Rail,
J. D. VeraUlrsb
J. L. Blkar.

HstiM.

K-U.

Louis Kansas
Northern Railway Company.

«fc

decree of foreclosure and sale hsTlng been obtained, the Omaha Dirielon of the above railway
'r'l">««<>"<IDBCKMBBRS8, 1886. Uoklers of more
l'',*Jl„*?j?'"'t*'** "' ""« bonds, out of a total Issue of
f ^,350,000. have assented to the bondholders' atrreement c.f June ». 1^8S. Any aulstandlng bondholders
can deposit their bonds with the United States' Trust
Uimpany, on or before Not. SO. 1!*6, Bonds deposited after that date will be subject to an assessment
of tea dollars for each bond.

had DECEMBER 28, 18?6. Bonds should
ba deposited with the undersigned at No 68 William

The Brooklyn Trust Co.,

BobT

rorsrth.

I

City

A

UK)

.....
.....

t

OUXnx DIVISION-St

OrnCIOFIi

Aatkociaed to aat aa saentor, ArtailnWrMor
Aaafdiaa. BaeelTer. or Trvstae. and la

laraaaib

CENTBAL

tlsed to bo

OF NEW YORK.

7S Broad waf,

Copies of a circular to the stockholders of the
CO., explaining the purposes of a meeting of their body,
called for 2 P. M. of Tuesday, Not. 23. at the offices
of the company, 10 Wall Street, can be obtained
upon application: at the office of the
TRUST CO., IS Nassau Street, New Y.rk.

LAKE ERIE A WESTERN RAILWAY

Company.

Haaar neclraa on tfaMnalt. All Tniat AaaaU kept
•aparate from th<iaa of iha Ooapaay.
nraJar-proof Safes and Bozea (karlnti ehrofva
ataalaoors) to rent at $10 to #100 per aonnm In i heir
Mwaad alecant ctiroane steel riRB AND BUR6jDua-PROoV TAU1.T8. pniiasted hr lapcoTad

JOHN GILU

financial.

Co., Lake Erie,& Western K'y Co.

CHESTNUT 8TBBBT,

AntborttedCapUsl

MAULON

•500.000

•

.

913

Burglar-Proof Safes to rent at $S to $60 per annum.
Wills kept In raolts withont charge.
Bonda, Stoeks and other Taiuables taken under

BALTIHORE.
lial.

AND

$1,000,000,

mat a«Mpc wd azecnto aoy l«cal inwu rrom
faTonbl*
k*
i!?!tK' or aocpormtloo* on
Mallar eompaniM.

VREDGItIC

The Union Trust
eil

P<«lMHaini1 mm * Ivyi^l U«p<wlcor7 by urder of SoItocelTe depusiu >f iuoti«]r uo loler««t.
f Coart.
Sei •• iMBl or tiBiufw aseol, or tnutaa lor corpora'

(CompvLUies.

BeporU.
Moderate Chants.

Fabyan &

Co.,

New

York, Boston, Philadelphia, -^
BBLLINO AQKNTB FOR LEADING BRANDS

BROWN * BLEArilEB 8HUITIKOS
AND BHEKTINGB,

PRINTS, DBNIMS, T1CK8, DDCKB,

A*.

ToirelB,QalItB,WIil(e Ooodadc Hoalerr
Drill; SlictUngt, dc, for Export TraUe.

THE CHRONICLF.

[Vol.

Ifittfincial.

'giWAUcinX.

RR.
MILK STREET,

&

Atlantic
§7

Pacific

Co.,

BOSTON-. oot.80,188e.

bonds known as its
The holders of thl. company',
of Its "Central
"
Dlvl.lor." 6., due IKIO. and
hereby Informed they can
DlTlslon" e.. due 1B22, are
class, for an equal
«cli^ge tho,e bonds, of each
Per Cent Guarpar ,or par. of new Four (4)
this o "P""^anteed Trust Gold Bonds of
Jan 1. 1887. to ron
The new bonds are to bo dated
the rate of Four (4) Per
60 years, to boar interest at
.em.-annually. January
cent per annum, payable
by Indorsement
and July, and are to be guaranteed
principal and Ineach bond for duo payment of

w»l«n

^o^t

upon

Santa Fe KailSan Francisco
road Company and the St. Louis 4
ne-half by each
Railway Company to the extent of
the deposit In
company, and are to be secured by
Mercantile
trust by such two companies; with the
the bonds for which
Trust company of New York of
exchange.
the new bonds arc to be given In
bondfor making this proposal to the
terest by the Atchison

Topeka

ft

.

The necessity
consideration
holders has long received the careful
adIs now urgent. The
of the three companies and
the part of the bondvisability of Its acceptance on
following statethe
holders wlU be evident from
xnent

a new
Notwithstanding the establishment of
Atlantic i
through trans. continental line over the
and MisMississippi
Paclflc Railroad between the
Coast by contract with
souri Rivers and the Paclflc
Company, and also by the
Southern Pacific Railroad
Railroad to a
completion of the Caiifornla Southern
Road, the
connection with the Atlantic & Pacific
the inception
expectations entertained at the time of
realUed or to any
of the enterprise have not been
been owing to
satlsfactorv degree fulfilled. This has
Delays in concauses which could not be foreseen.
exceeded careful
struction occurred, while the cost
has exestimates general depression in business
unprecedentedly low
isted, active competition and
;

result of all, the
rates have prevailed, and. as the
have to
earnings of the Atlantic & Pacific Road
meet its fixed
this time been wholly insufficient to

bonds has
charges, allh..ngh the Interest upon its
been regularly paid. The lunds for this purpose
cha ges of this
and to pay some of the other fixed
company, have been from time to time advan^ ed by.
the Atchison Topeka & Santa Fe and the St. Louis
& San Francisco companies, because of their large
respective interests in the securities and their confidence in the ultimate success of this railroad. The
present obligatluns of those companies to pay money
on account uf interest upon Atlantic & Pacific
bonds now Issued are to advance to the extent of
only 25 per cent of the gross earnings derived by them
from the business passing over their respective
lines and coming from or going to the road of the

Atlantic & Paciilc Company and their advances
are madeonly as loans, which are to be repaid with
interest. In order to maintain the solvency of the
Atlantic & Pacific Company, and In the hope of
better results in the future, the Atchison & San
Francisco Companies have already advanced sums
largely in excess of their obligations under trafiQc
contracts but the time has come when such assistance can be no longer expected, and the two companies have given notice that It will not be continued. They have, however, agreed that on the
new basis proposed each will in future absolutely
guarantee the payment of one-half of the principal
,

;

of the company's existing
mortgage Indebtedness, If the bondholders will acguarantee, and in consideration thereof
cept such
exchange the existing bonds of this company.
The plan has already been acquiesced in and approved by many holders of the bonds, and In large
amounts. Its success is contingent upon the assent
on or before Dec. S7. 1888, of the holders of a ma-

and intcresat 1 4 per cent

If sue* assent Is not obtained by
that time It will be considered that the plan Is not
acceptable to the bondholders, and at the option of
either company may be abandoned. In that event it
cannot be expected that any other plan can be presented so advantageous to the bondholders as that
now proposed, or that In any other way can they so

jority In Interest.

elToctually i>rotect their Interests.

The new 4 per cent bonds, so guaranteed as to
principal and Interest, and with all the advantages
stated, ought to be highly regarded for investment
and at once command a market value equal or approximate to that of the most approved securities
of like character.
By the deposit in trust of the existing mortgage
bonds to the extent that they are exchanged, the security of the lien of the present mortgages on all
the property will continue for the benefit of the
holders of the new bonds.
The Mercantile Trust Company of New York will
be the Trustee under the Trust Indenture made by
the three companies to secure the new bonds, each
one of which will be authenticated by It, and a copy
o f the same may be seen there.
The said Trust Company, at New York, and
Messrs. Kidder, Peabody & Co., Boston,
Messrs. Seligman & Stettheimer. Frankfort-o-M.,
Wurttemberglsche Verelnsbank, Stuttgart,
Rheinische Credltbank, Mannheim,
Klliale der Rhelnischen Credltbank, Karlsruhe,
Flliale der Hlieinischen Credltbank, Heidelberg,
Filiale der Rhelnischen Credltbank, Constanz,
Flliale der Rheinischen Credltbank, Freiburg-i-B.,
Alsberg, Goldberg & Co., Amsterdam,
be prepared to receive from hollers of the present bonds the deposit of the same, with all coupons
MERattached, to be exchanged as stated.

will

THE

Per

Cent

Bonds

AT PAR AND ACCRUED INTEREST.
Seourlty unquestioned. Principal
New Vurk.
For further particulars apply to

and Interest

payable in

THIBD NATIONAL. BANK,
Cbattauooga, Tenn.

John
41

Sc

43

F. Douglas,
TV ALL STBEKT,
NEW YORK.

theFRANKFURTBR BANK

WHOM

be duly prepared.
Application will be made to have the Guaranteed
Trust Gold Bonds placed on the regular hst of the
New York Stock Exchange, and also admitted for
dealings at the Exchanges abroad.

By

H.

C.

K-l. 107. 127. 182. IK). 213, 215,218,
222, 232, 243. -M'.Zn. 288. 291, 299, 583. 588, 594, U'iO,
644, 858, 673, 6^9. i'95, 702, 720, 737. 741, 774. 777, 803,
821, 832, 848, S.".-. 895. 910, 920, ,949. 9i(8, 1,024, 1.033.
l.iao, 1.135. 1,162. 1.190, 1,193.
Interest will cease
on aforesaid bonds on and after the first day of January, 1887.
Principal of retired bonds payable on and after
said date at the office of the South Park Commissioners. No. 143 liandoiuh Street. Chicago, Illinois.

11.

W. UARMO.V,

Secretary South Park Commissioners.

BOLAND

The above Company uegotlates mortgages
on Improved Kcal Estate worth from three to
times

five

the

St.

Louis

&

Approved:

wM. B. STRONG.

President,

Atchison Topeka & Santa Fe Railroad Co.

RR. CO.

The $2,280,000 FIRST MORTGAGE 7 PER CENT
BONDS of the above company mature Jan. 1, 1887,
payable In New York. The company has resolved to
extend the same at the rate of 4'a per cent per
annum for the term of twenty-five years, vis., till
Jan. 1. 1912. Principal and interest of the extended
bonds will be payable, as heretofore, in United
States gold coin.

Holders who wish to ayall themselves of the privilege of extension are requested to present iheir
bonds at the offlco of the undersigned, where their

bonds

will

amount

be stamped and the new coupon sheets
Dec. 1st. free of charge.

of

The

the leant.

Mortgages are for five years and draw six
and seven per cent Interest.
It also offers Its ten-year DehenturoB, drawing six per cent Interest, wliicU are direct
obligations of the Company. Tlioy are issued
In series of $100,000 and sccui-ed by an equal
amount of First Mortgages on improved Beal
Estate deposited in trust wltU the Mercantlla

Company of Now York City. They are
further seeured by the entire paid up capital of
the Company, amounting to $1,000,000. nterest and principal payable at Mercantile
Trust Co.
Write for further informatlou anl reference
to our oHloes at Kansas City, Mo., or to
Trust

A. D. B.

CBATVFOBD,

411 TTalnut

St.,

Manager,

Pblladelpbla.

OB TO
JHessrs.

ITIOBGAN

& BBENNAN,

Man.igers,

2T Cnstom Honise Street,
Providence, B.

I.

Massasoit House,
SPKINGFIELD,

1TIA88.
IN WBSTKIIK

THE BEST APPOINTED HOUSE
NEW ENGLAND.

Convenient for the tourist or business man. Near

union Depot.

'W.

H. CHAPIK.

Avenue

Fifth

HOTEL,

Approved

WIN8L0W. President,
San Francisco Railway Company.

B. CONKLIN, Sec'y.

Ttni. F. SH1:LH;Y, Xreas'r.
GEO. \r. mcCBABV, Couuael.

NBTT. President,
& Pac. RR. Co,

F.

Preo't,

EDIiriN E. "WILSON, iRt Vlce-PreaU.
UKNBir P. inOBG.\N, 2d Vice-Pres't.

Atlantic

EDWARD

$1,000,000

SA9ILEL m. JABVIS,

order of the Board.

NEW YORK,

Sladlson Square,

The Largest Best Appointed and Most Ijlberally
Managed Hotel in the City, with the Most Central
and Delightful Location.

HITCHCOCK. DARLING

John 6. Moore.

W.

Moore

K. Kitchen,

&

ft

CO.

g. B. Schi.mt.

Schley,

BANKERS AND BROKERS,

BBOAD STBKET, NEW YORK.

26

BRANCH offices:
78

WaU

St.,

„. .,
„
114 So. Third St., Phlla.

N. Y.

Connected with

I. A. EVANS 4 Co.. Boston,
CoBSON & MAfAUTNEV, Washington, D.O.
B. L. BUEWSTEH & CO.. Chicago.
HUBBAHD & Fak.mi;u, Hartford.

Private Wire Connections.
Bonds and Miscellaneons
New York Exchanges; also Grain and
Provisions on Chicago Board of Trade.

Buy and

sell Stocks,

Securities on

affixed, until

Speyer

&

Co.,

miLIiS BUILDING.

:

»7, 58. 85. 78, Mi.

Capital Paid <Tp

at Frankfort-o-

Interest, and one of the proposed new guaranteed bonds, bearing Interest from Jan. 1. 1887The new bonds are to have coupons annexed, but
provision is also to be made for their registration;
and if at the time of the exchange they are not ready
for delivery, receipts or certificates will be issued
entitling the holder to the bonds as soon as they can

South Park Bonds.
IT MAY C#NCERN
Take notice that the following numbers of South
Park Bonds havo been selected and retired bt the
South Park Couiiiiiswioners in conformity with law,
for the Annual Sinking Fund, viz.: Nos. US, 28. 29. 53,

Conklin & Co.,
KANSAS CITY, 9IO.

Jarvis,

and for

IKVEST!HENT SECURITIES.
TO

SUCCESSOR TO

M.. will give temporary receipts, which will be exchangeable for new bonds as soon as ready.
For each Western Division Bond so deposited they
will also give *80 In cash, as and for Interest, and
for each Central Division Bond »13 38 in cash, as

CALIFORNIA PACIFIC

Six

Jarvis-Conklin
Mortgage Trust Co.,

CANTILE TRUST COMPANY OP New York,
Messrs. KIDDEB, PEABODY & CO.. of Boston^
and

xLm.

BAILBOAD
riHICAGO &: ALTONNov. 1888.
COMPANY, CniCAOO,
V-"

ILL.,

NOTICE.

TWO

Spencer Trask & Co.,
BANKERS <& BROKERS
i6 and i8 Broad Street, N. V
Albany, N.Y.

Providence, R. I

3,

DOLLARS pel
A quarterly dividend of
share has this day been declared on the PREFEllRKl) AND COM.NUKN STOCK of this company, payable on the FlsesT DAY OF DKl K illiKll SKXl' to
stockholders of ro<!i>rd at the close of business
hours on the FI FTEENTH INSTANT.
The dividend oti sliaros registered In New York will
e paid at the office of the Company's Agents. Messrs.
JOHN PATON & CO.. No. 52 Wliilam St., New York,
and on shares registered in Chicago at the office of
the Treasurer of the company.
C. H. FOSTER, Treasurer,

Saratoga.

Transact a General Banking Businesa,
Direct Private Wires to each office and to

PHILADELPHIA,
BOSTON,
WOHCESTEB.

xmtk

W

0iitititfOm
AND

HUNT'S MEBCHANTS' MAGAZINE.
REPREaEMCISa THE IXDQSTRIAL AXD COMMERCIAL INTERESTS OP THE UNITED STATES

VOL.

SATURDAY, NOVEMBER

43.

CONTENTS,

Wuk
1886.

THS OHKOVICLS.
OleBring-Hoiiae R«tonu
nena«>etalBUaatlan
Iha BmlUmnn A Olilti Report.
iUUwar A NaTl«Mlon
1

IBaralasa

5-9 Monetarr kod Commercial
.S96
590
KncUah News
593 Oommerolal and MlsoeUaueoos
594
597
News
595

THK BAHKEKS' QAZETTE.
Kwkat, VttMga Bx-

Hkw Tork
(8<oeki....<karM.)

«..

Worcaiter

Jftm York

—ry

in

Batyn^an morning.

[Mana at tk* PMt OOtaa, Hew T«(k. N.T.. •• leMiid olaaa maU matter.

(1J»S9,801'

(8^116,400)

TenH
fftor

Ona Taar (Inelodlns poatace)

VwaU Montha

910 20

do

ropaaa Solaarlptlon (Inolodlnff

poataffe)

nslsod

Phlladalphia

PItUbars
Saltlmore

u ea

Im

BacUa*.

(208,100)

(43,000.600)

•.—41-61

(!8,S07,COO)

(-11*8)

(88,730,000)

(-558)

<ia,3»7,000)

(-70-8>

180.479,088
8,880.300
l,e08,4O9

487.K4,B0O

IJOT.OOl

1,114316

1,100,170
884.006

1,189,161

•13,000
894.808

800.830

+8-7
-1-8
-9-3
+8-3
-6-4
—3-8
+6-0
+18 8

•03,070,654
5,119,100
1,768,380
1,270,000
1,871,360
957,30^
1,017,197
540,718

tl06,0W,817

•86,806,007

168,631,887

180,488,888
7,887,805
11,068,117

+16 8

N0.1S4.07O

C
be taken at the rexalar

I

aatf adTirtietaHnta will
of the papeff eappUcd at la. eaeh.

rates,

8.6IMJH0
10.078.661

and

l0a

a< the OaaonoLB m UTerpooiia atBlS, Ezehauffe BnUdlD);s.
wnxiAM a. DA.<rA. WILLIAM B. DATtA A Co.. Pnbllshera,
Tl> * 81 William Alreet, NKW YORK.

5,300.800
1.866.081

888A)1

800140

(-e8-«

+8-1

-8«
+T1
+18-0

+ioa
+14-4
+84-1
+88-1

•106,139.630

+8-1

•68,035,301

+181>
+17-9

+171

8,6(M,607

+8-5

14,577,806

+16-0

ne'e

•87,117,784

+13-8

8^

•57,833,131

-8-1

+13-6

U,S38,350

+10U

4,010.080

19^

8,888,030

•,ote.4aB

i.8eo«oe
*,8a*Ai7

+10-8
+84-0

4,804,111
3,683,076
0.811,610

-17-8

8,84ajB«8

+»r0
+481

8.090,848
1,908,110
1,076,910

4,800,044

4,688,489

+84-8
+78-1
fa-i

I01.7at,4»4

188478,788

4 10-3

•80,0t6.103

+8-4

116,607,140
1,197.038

116.048,817
700.145

+ 40

+»»

•HIS-O

•18,786,748
018.91-

NswOrlaaai
LoalsnUs
CaaMsCltr
Xsmphls

0,K3O,n7

10,786,831

-86

8,788,940

4j807,«80

4,108,071

+18-0

8,987.368

OalTsston*

Dstrott
Indianapolis

8.844441

Total

•( tka Oomnaoiu. ajtd FUAiictAi. CHaomoLa in London
•.BDWAUiaABlllTH, 1 Drapen'QaidanB.E. where snb-

(-39'0>

(-£8-9)

0,188,900

'

•

(1,610,118)

.-88 7;

(88,800,081

QnomoLB.
wfllbaeeatiiiaadiiatn iaHnWaly oraecad topped. The pisorla.
raapooitMa m
piMwaiM eaaaot be raapooilbla (or leatttaneaa imlaat made Vf Drafta
m Poet CMae Mom/ Oroon. at 80 eeata; poetace on the aamelslS nnaba
MIttoeapoIls
eorerM tamlelMd
Beat
Davsr*
Mkti. TllaaiiibOMdlerenbeeribew at 91 OoT

!

-6-1

10J8l,la0
4,883,(m

miwaakse

do
Jo
«1 8a.
BteMoa.
do
TkM* yrtoM hietiide the iJcnaroM' BnPTLBifSirr, lasaed once In two
MMlka, aad tanlabad wlthoat aztn ehaiga to mbaoilben of the

•785,600,028

•64.811,886

(nilOMO

6 10
11 28

6.

PtrOtnt

(714,400)

(807,900

Total MIMIa....

of SBbscrlytioB— Payable In Adraace:

-0^

1888.

(0S,7UO.aOO

LowsU

Tbb ComaKCiAL and FiNAinnAL Chbonioue U pxMuhed

P*rO*nt

|770,044,;«7

SpiiDnasId

Total n.

Wtek .ending Ifm.

13.

1888.

(88,118,000)

(Q)ttm....bala.)
(«n<«...*iwk<l<)

Pricii of Aotlre

CQ^hrotticIc.

XiidM« Xor.

704,373.086

Bonds at R. Y.
UJ).S«earitlM, BUM
Stock Kxchange, and RanKO
BailitMMl Bonda and
601 ProTldene*.tnoe Jaoimry 1, lS8a
599 Qaotatlousoratocksaud Bonds 602
Local Secnrldes
603 Hartford
tai Prieoa at tte IT. T.
U04 NewHkTan
600 Railroad EamlDCB
[nrestment and Railroad News 605

%ht

NO. J, 117.

20, 1886.

at
St.

Wwtam...

LoaU
JoMph

1,040,860

030,810

1,871,930
680.074

4,000^4

8.838,016

0,010,018

-»7
+01-T
+8811

43^
+37-1
+44-0
+«•»

8,006,804

1-88-r

-10-8
+10-B
+00-8
+88-1
-14-a

6.7a0,8aO

6.081.830

+305

0,918,814

8,704,810

8.008,808
1,706,073

+84-6
+4-3

3,403,884

1,777.7J8

t43.644.719

MO.B0e,94O

+ 7-7

•41,340,940

-0-1

113.180.787

|11.S4«,971

+14-0

•18,900,656

+1*8

Total sH
»Uia4,4S4.6aO ti,o80,ivuiae
NotwithstMnding tha fact that the returna of exchangee at
Obum* New Tork 'ta0,M,34ol tMMMJMl
for the week under reriew cover six day*, whereas
*1(otlDalad««lB totals.
in the praoeding week only five days ware incladed, there is a

-4-8

•1.078.074,977

-1-9

+8-6

•342.066.919

+«•»

I

O.

01OTD.

CLSARING H0U8B RETURNS.

aaarraooisao

New York

1,885,117

from laat week of $31,030,743.
Our usual telegraphic returns of ezohanges for the five daya
not the reeult apparently of any have been received and they exhibit a gain in the aggregate
fitllinit off in apeculatiTe operations, for at the Stock Ex- over the corresponding period of last week of $,38,987,900,
ohaage, and on the other exchangee as well, the volame of contrasted with the similar five days ia 138,5 there is a loss ia
Outside of thetSiai of 7 6 per cent. It should ba remembered, however,
liaiisaiiHiiiis baa been greater than a week ago.
loaa in the total at thia city

Forthermore the decreaae

U

Maw York alao many of tha more important oitiee record losses

that daring this particular week last year stock operations at
All this woold seem to indi' New York were the heaviest oa record, and largely ia excess
oate eitlier that there has been some daokening in mercantile of the current iiguree. This explains the present unfavorable
activity, or that payments on account of past transactions have comparison at New York.

a compared with

November

8.

for the time being been leas liberal. Labor troubles have also
BBdoabtedly had some adverse influence of late, but one of
tb« moat serioaa of the atrikea (that of the packers at Chicago)
baa now been ended.
Haw Tork
Heavy dealings at the New York Stock Exchange daring SaUia/m«tk (sM.)
Boston.
«,,,
the week of last year with which (K>mparison is now made Philadelphia
Balttmoro
served to keep op the volume of exchangee, so that, althouKh
f^leaso
oontrseted with 189.> there is this week a decline of O'O p«r
St. Louis....
New York, the rsault after deducting double the value Haw Orlaaas
omt at

Of the share sale* ($108,354,000 in 1886 against $194,3iM,000 a
year ago) ia a gain of 27*5 per cent. In percentage of increase
«>Ter ISe.'i Indianapolis still leads with 84 '3 percent, followed
by Omaha '5*1, St. Joseph 08*9, ColumbuB 431, Memphis
•4-«

and Peoria Ui.

Total

ToUlall
Outside

N*w Tork

Am Oats ladHif Ifov. 10.
PtrOHU.

lam.

1886.

5

Ciw

Snd'g

18(^.

.Votl.

M.

PsrCknl

-10-8

»58e,417«3

-84

(8,618,0401

(-48-9)

(-UO)

7S.O38.804

78^8.788

Be.688J51

51,017.108
11,017,900
45,470,000
13,013,638
10,782.461

—4-8
+11-1
+5-9
-1-1
+3-0
-12-3

a.6e4,5ie)
73.074.377
48.769.690
10,739.108
40,604.000
14.880,885

•840.3t3,73«
71,863,788

1936.079300

-0-3

60,887.803

1981.007,470

1883.150.80*

•687.048488

(786,790360

(0,064.067)

11 ,664,687

4iM8.0aO
18,438.158
0,488,108

•In^nauc tn dels

+1-8

+i»a

8388,244

+S-8
+3-8
+6-5
+8-7

+1*6

•790,485.867
71,654.013

+11-7

•807,067,088

-7-6

•860.109.579

|1»70,476.1'«

+4-7

•273,H9'2.'.:86

111 «.'lit week'

»,retnras.

-6-4

->i\
+7({

THE CHRONKLK

590

from Juj^

TEE FINANCIAL SITUATION.
Our market has shown evidences

of an easier tendency
though actual rates have not differed materially
from those last reported. - Bankers balances have loaned
at the Stock Exchange at 7 and in moderate amounts at 3
last week about 5^ per cent
even
per cent was recorded on Wednesday, but it was after
the demand for the day had been satisfied, and scarcely a

per cent, averaging as

;

1

The banks

fair quotation.

are undoubtedly in

a

little

November

XLUI.

was only 7 J million
same
four
months
we had imported 15 millions of gold net and produced
ftbout 10 millions more, thus adding 2.1 millions of gold to
dollars

this week,

[Vol.

;

1

to

thai

(2)

dftripg

1

the

our currency against « loss of 7^ millions of bank notes.
That is a queer kind of " ruinous contraction " which
" silver certificates " have prevented.
Further than that,
all

the additional silver certificates

able to get out in the
lion dollars,

and

in

Treasurer Jordan was

same four months was

just 12 mil-

doing that his stock of silver dollars

increased nearly 2 millions.
Apd we mean no offense to
ments has somewhat subsided and their reserves have begun Mr. Beck when we add that if general business should
to accumulate.
This has not made them liberal lenders become dull through intemperate speeches in Congress, as
on call, but they have been seeking to place funds on time for instance calling capitalists " vampires," &c., it would
on stock collateral, though first-rate collateral is required lower the high water mark for the floating of silver
where anything below 6 per cent for four months is ac- certificates very materially.
The cable reports discounts in the open market at Loncepted.
There has also been, and for a similar reason, a
don easy at 3 per cent, which is probably the result of
little better demand for commercial paper at unchanged
easier condition, easier in that the urgency for interior ship-

demand has

come chiefly from the increased holdings

of bullion by the Bank and the conexchange on Paris, which permits of a flow of
Evidence not only that legal tenders are accumulating, gold to London. Oar private cable states that the gain
but also of the opinion of bank managers as to the future in bullion by the Bank which was £102,000 net, wfts
demand for money from the interior upon this centre, made up by imports principally from France of £134,000
may be gathered from the circumstance that certificates and of receipts from the interior of Great Britain of
rates, yet that

as heretofore

dition of

out of town banks.

of

which were

deposit

Treasury
are

when

surrendered

liberally

the inquiry for currency

now being taken

out again.

to

was

£43,000, and by an export principally

to Lisbon of £75,These facts show conditions existing which would
seem to aSord considerable confidence that the bullion

the

000.

active,

In support of this

Bank

held by the

of England was at its lowest point for
weeks ago,
when it touched £19,The managers of the Bank have certainly
well supplied
with
funds and that a light in- 809,657.
quiry from the country prevails. It is also to be been very wise and skillful in their methods the past
noted that the Boston and Philadelphia banks show some twelve months. They have been satisfi d to let their stock
small increase in lawful money compared with last month. of gold be low, while Paris and Berlin have been accumuUndoubtedly there is a little lull in many departments of lating, and yet they have sufficiently protected their
business, though special trades remain very active
prob- reserve without putting the rate of interest abDve 4 per
Of course, as a high Bmk rate has a tendency to
ably also the movement of wheat from farmers' hands is cent.

view

at the

Advices

the

are

at

"Western

chief

hand

reporting institutions

distributing

centres

as

this

fairly

year

two

;

becoming less fre^ while that of hogs and beef cattle was disturb general business, it is to be avoided when possible.
Our foreign exchange market has been very variable
checked by the labor troubles at Chicago. Altogether
therefore, with the continued arrivals of gold from abroad this week, fluctuating almost from day to day within half
and some outflow of funds from the Treasury through a cent per pound and alternately firm and weak for both
Eirly in the week there was a
interest payments and the issue of silver certificates, it is long and short bills.
demand, said to be to cover gold imports, which
not a matter for surprise that our banks should for the
time being at least be a

How
to

little

what extent

it

will

money

develop,

was

to continue, and
must depend mainly upon

the course of general business.

every

stiffened rates.

better supplied with funds.

long this condition of

is

employed

centre

will

"With business active

not only

and the prospect of arrangements and settlements among

Wall

street.

is

likely to favor activity in

The worst feature we can

This was only temporary, for advantage
the

firmer

tone

to

sell

a

certain

some of which were suppose 1 to have been
drawn against Manitoba bonds. After the middle of the
week, that is on Thursday, long sterling was again in
request, commercial bills being scarce, but short was
easier, the market being affected to some
extent by
cheaper
money in London. Yesterday there was
another
change,
long
still
and
short
being
marked
both
up a half
cent.
The
flow
of
gold to New York from Europe continues. There
was an arrival on Monday afternoon of $1,297,200 in
francs, and on Tuesday of $245,000 in English gold,
besides which about $360,000 gold came in on Saturday,
making a total of $1,902,200.
There have been further

at

leading railroad companies

ef

class of bills

keep its funds
home, but gradually absorb more, and so
prevent accumulations here. Then the requirement for
stock exchange operations promises to be large this
winter if the funds are obtainable, for the tone is strong
industrial

taken

discover, or rather

we

should say the least hopeful one, is the meeting of
Congress and the discussions which are likely to take

it makes one breathe freer to remember
March will put an end to all that. Mr. shipments to this side this week, but we are able to trace
Beck's remarks at Chicago this week do not sound as if he only about £400,000.
We are informed that the Bank
had grown any more moderate or conservative during of France has this week advanced the premium on gold
This has been brought about by the
the vacation with reference to
financial
questions. to ^ of 1 per cent.
We have not room to notice his assertions, except drain now in progress from that centre, both to New York
The influence that the exports of staples
to say that had he taken the facts we have given in our and London.
pages the last two weeks he could never have said that are having upon exchange can perhaps be seen from the
more than half our bank note circulation has been swept following summary of the movement during October of
away, and that if it had not been " for our silver certificates the last three years, made up from the figures of the

place there; but
that the 4th of

" a ruinous contraction of currency would have occurred
" before now."
showed last week (1) that the entire
contraction ^of the outstanding bank note currency

We

I

Bureau of Statistics, issued this week. It will be noticed
owing to the low prices prevailing, the total for the
month is not quite up to that of last year.
that,

NOVKMBES

THE CHRONICLE.

aO, 1886.1

BXPOBTS or BRSiLDSTOFrH. PKOVISIOXS. COTTOS AST) PETBOLEUX.

1^^591

which touched 42d. and averaged only 42 ll-32d. in

price

August, rose to 45d. and averaged 43 13-16d. in Septemthen rose to 45^d. and averaged 45d. in October, and

ber,

frtmca.
OctalHT.

Jfoadkt.

14

a^TKBie

via^MM

WbMt. bn.

7.374.986

2,577.338

881.091

Wkt* floor

I
•.TIAIBl

4.4l3,Se4

& Baal.

1.169.947

Sa.701,170

>

t

0«u Aaati.

ll.M«»«
OkTSUOIT

Tot. Ttlu.

90.899.71

how

11.773.306

3).MI1.I02
98.993.XV2| 41.714.H<U

4aR.a8e
so.sss

1.B0OJ8O

6a,«tS.7Sl
ai.lS7,4S7

10.S3M8S

S0.S74.3M 48.ai9.9T9
i8.rr7.M8

week 47

1- 1

19.117.780

4.491.054

London

6d. per ounce.

87J.738
270.368

7.478.333
5.130.148

degree of con-

outcome of the commission's

work.

persisted

week

this

of

the ques-

advance in east-bound freight rates on the 1st
of December, the Central Traffic Association having rec
ommended such a step for the consideration of the trunkline managers.
At the time of writing, it seems to be
doubtful whether the advance will be agreed to, at
as

least

think

far

grain

as

that in

the

and

of that

article

we should

the

concerned,

is

case

wisdom of

has

put their action in harmony with the necessities of pro-

attributing the

in

circumstances in the

There has been some discussion
tion of an

When we remem-

continaes.

It

short a time has passed since the quotation was at

authorities

fidence felt in the ultimate

going before

it is

is.Tst.asa

52.e04.27T[t31.3S4,-<8e

We notice
change becomes the more striking.
that circulars reporting the silver market at London, still
cling to the idea that the change in price is due to a
change in supply and demand. Just so when it was constantly going down last winter with no recovery, the
trifling

high

an advance might well be questioned. From a railroad
standpoint everything can be said in favor of it, but rail*
roads do not consider their own interests alone, but must

Sl.90t.O19 U7.«43,Dld

14a.«12.«17

1.148.479

42d., the

same

How

47d.

at

31.2^.662

W.947.018

S10.78S
410.088

lilTor ballion at

rise in

this

1,

35.871.709

88.807

3-.4ll\inS
t.8U1.4II

Patrol m.Ae.

4.3-'4.542

8i.S14

733.882
8S4.796
308.288
08.903

8.031.800

31

t'dstB*..

*
t
10J80J87 47,619.333

MM

8a.lB7

B*rl*7

>

T.3IS.4S4

S

ber

now quoted

is

6,785.725

U.S09,822

I.977,ftr7

Bro

S.042.M3

16JS3.«ttl

M.lt70.933

Valum,

38.225.427

ii,na.8Wl 4i.ao<,gwi

«2,733,UM

The

Itontht.

7.51S379 8S.S49.ESO 11.339.8;&' 49.913.745

S2.000,4S<

l*J3M,9i!f

touched

{4

J

3jtM.aOH| 10,723.703

.biuta.

i4.9so.8se

807.813

a.flM.in3

Il.oe4.4ao

Tot.biuk_

Corn

October.

the reaction sets in will depend upon tUe

QmmmtUtm.
Wh—t.bmh.

Cora,

4 Mont**.

Qe<at<r.

decline to

current movements of the

metal, or for instance to the probability that silver coin-

ducers

markets

and
of

the quotations

the

world.

on

grain from Chicago

as

will

be

for

The
to

when

evident

their

products in
23

present

New

^fork

we

say

cent

is

that,

very

the

tariff

low,

allowing

1,000 miles roughly as the distance between the two points,
that rate affords the roads an average gross return of only
half a cent a ton a mile.

The advance

posed would add one mill per ton to

make the average per mile only

of five cents pro-

this,

and even then

six-tenths of a cent. More-

age in the United Siates was to be immediately suspended, over, it is customary to charge more in winter than in
when there was far more chance of free coinage, so far as summer, for it costs the roads more besides, the tariff of
the power of Congress went, than of the stoppage of coin- 30 cents par 100 lbs. would be no higher than that received
;

We

when the conditions were favorable
and there was no war or other exceptional circumstance
iMpecting silver which are agitating the world today. to keep down the rates. Were these the only con"When the public is forced to acknowledge that it is a mere siderations bearing on the matter, therefore, the adMntiment which is putting the price up, and that it was a vance would be unhesitatingly commended. But opposed
mate sentiment which put it down, and that that seaci. to such a step we have, as already stated, the present
age.

would not refer to

neous statements

ment

is

this,

the direct result of

except that these erro-

on

views

affect

in other recent years

the great questions

the current prospects with

condition of the farming interests.

Prices of wheat are

reference to the future standing of the metal as currency,

not only low, but extraordinarly low, and have been so for

a decided advance towards the solution of the problem

several

have been made.
Laat winter the outlook

grown

to

be

almost

years.

It

producers have

will

for

hopeless.

would not be correct

to

say that the

been impoverished as the result of these

silver currency had low prices, but certainly the margin of profits has been so
Every nation seemed far reduced that only a slight additioaal burden is needed

it,
and even in India the to wipe it out altogether. Under tbese circumstances, is
some time, appeared imminent it not well worth considering whether the wiser course
The belief that had hitherto kept up courage and price would not be to leave rates as they are, at least for the
present.
all over the old world, was that the United States would
Tue anthracite coal trade continues to be somewhat
tumble into silver monometallism and furnish a market

to

desire

eriais,

to

which

is

be

rid of

inevitable

for the surplus holdings of other nations; for European

unfavorably affected

financiers

saw the plight our Government was in and
thought there was no chance for us. But it became
everywhere evident in July, 1885, that the admiaistratioi>
bad put the Treasury in a position of security, and so
tha last prop to European confidence in silver gave way
and with it the latest tumble in the London price began.
little gleam of hope was the promise that our Congress
would do something on the subject which by hurting
America would help Europe, so the decline was a little
irr^^ar for a time, but as the session lengthened and
that hopa faded, the value settled more rapidly, until with
the adjournment of Congress (just about a year from the

vailed.

A

whicb at one time seemed probable has not been made,
aod i.ae figures issued yesterday for the month of October
by Mr. John H. Jones evidently give us a reason why the
advance was deemed impracticable. It will be remembered that ttie output for that month which had been
originally fixed at 3^ million tons was subsequently
enlarged to 3^ million tons, and this enlarged production
the companies (as a whole) have closely followed, for tha
actual amount mined is given by Mr. Jones as 3,512,177
Tuis is only 49,989 tons below the production a
tons.
year ago, and as during the montb stocks at tidewater

As our

by the mild weather that has pre-

readers know, the further advance in prices

points were cut down 77,344 tons, the exhibit at first
whole of sight would appear to be very favorable. But last year
Next was the Royal Com- with production 49,939 tons greater, stocks were cut down
August down to 42 I l-82d.
mission appointment (St^pt. 6), and the belief whicti it gave 154,291 tons. In other words, allowing for the changes
consumption
the
amount
gone
into
stocks,
rtM» to, streugtb«niDg almost constantly since, that the com* in
really accomplish something, the London in the month this year is seen to have been 126,936 tons
mission would

date this fresh decline

began)

the

final

break to 42d.

oocurred, bringing the average price for the

Timet expreisiog the belief recently that a majority of less than in October last year. To be
tha committee would report in favor of bimetallism; so the aiderably below the 400,000 tons falling

sure, that is conoff

shown

in Sep-

THE CHRONICLE

692
tember, but every month since the

1st of

recorded a lower consumption than for

last

July has

last year,

and in

view of the very glowing accounts current duriag October, the same result for that month is somewhat disappointing.

Still it is

not to be forgotten that both produc-

[Vol. XLIII.

over a large section of country.

week

the second

of the

month

Returns of earnings for

many

in the ciss of

roads are better than for the

leading

week of the month,
when, as is known, there was a decided improvement on
the last week of October.
The Illinois Central proposes
first

tion and consumption were very large at this time in to ofEer to stockholders the right to take one million new
1885, all the activity of the year having been crowded into stock at 136 in January next.
Moreover though consumption
The following statement, made up from returns colthe last four months.

July has not kept up to the figures of

flince the first of

1885, yet in

the early months

there had been a heavy

months is full 800,000 tons greater than in the same ten months last year.
Furthermore, stocks now are much lower, namely 440,962
tons the Istof November, 1886, against 661,616 tons at the
same date in 1885, so that the trade is not without its satisfactory features.
In tabular form the result is conincrease, so that the total for the

by

lected

us,

shows the week's receipts and shipments of

gold and currency by the

New York

banks.

ten

densed as follows.

ir»«Ji «TuJinj

Xovember

Cnrrenoj
Gold

Baetved bv
S. T. Banla.

19, 1889.

SMpped
1».

«l,l49,0O0

,.

Wet Interior
Movement.

by

r. Bankt.

•1,495,000

Loss

1346 000

.

25,000

Total gold and leaal tenders

11,149,000

11,520,000

(871,000

Loss..

The above shows the actual changes in the bank holdand currency caused by this movement to and
from the interior. In addition to that movement the banks
ings of gold

Jan. 1(0

Oct- SI.

Anthracite Coal,
1886.

18SS.

1888.

1885.

2b»is-

2h7ia.

TOIM.
754,545

Ibns.
874,881

Stock be^nnlng of period..
Produotion

8.512,177

815.907
3.562,166 2»,047,875 25,347,588

Total BuDpIr
Stock end of period-

4,030,483
440.062

4,378.073 28,801,920 a6.222.2«9
661,616
440,962
661,616

Consumption.,

3,589,521

8,716,45';

H8.S08

20,380,958 25,560.653

have lost $200,000 through the operations of the SabTreasury and have gained $1,650,000 by imports of gold.

Adding

these items to the above, we have the following
which should indicate the total gaia by the New York
Clearing-House banks of gold «nd currency for the
week covered by the bank statement to be issued to-day.
It is
always to be remembered, however, that the
bank statement is a statement of averages for the

The transactions in railroad bonds at the Stock Exchange have so greatly increased, both on speculative and
the
figures
should
reflect
below
investment account, that a record of prices and range week, whereas
the actual change in
the
conditioa of
the banks
since the first of January have become most desiraTo meet this want a new table has been as between Friday of last week and Friday of this
ble.
week.
compiled, occupying a
full page of the Chronicle
bonds
and showing the closing prices of all active
Week enMnt November 19, 1888.
Into Banlte. Out 0/ Banks. Net Change in
with
on Friday of the present week compared
Bink HoHinoe,
the week previous, and also the highest and lowest Banks' Interior Movement, as above 11,149.000
11,520,000
Loss.
»371.000
7,300,000
Gain.. 1,450,000
January Sob-Treasury oper.and gold Import. 8,750,000
prices made at the Stock Exchange since
"19,869,080
Total KOld and legal tenders
18,820,000 |Qaln..Jl,079,000
were
1, and the months in which the extreme figures
This table will be regularly published each

reached.

on the page immediately following the range

Among

prices.

prominent

the

week

of stock

bonds that have been particularly

this weeJ£ are the

Texas

&

Pacifies,

which ad-

vanced on reports of a possible agreement with the
income bondholders on the arrival of Mr. Robert
Fleming from the other side.
There has been
nothing
new in speculation in share properties
beyond the fact that more activity than of late has prevailed in the high-priced or

better

class of

have not been thrust aside

specialties

;

shares.

The Bank

of

the week.

England gained £102,000 bullion during

This, as stated above, represents

Bank

of

France

4,575,000 francs

silver,

shows an increase of 6,460,000 marks.

last report,

amount of
European banks this week and

ting a

next

new

month,

the

progress

made

in

bullion in

cipal

at the corresponding

formula,

plan for the reorganization of the Philadelphia

Reading and in promoting harmony between the Reading
and Pennsylvania and the Pennsylvania and Baltimore &
Besides these, the Atlantic

&

Pacific

the prin-

date last year.

The

&

Ohio.

The

following indicates the

indeed some of

and more particularly Richmond & "West Point
stock, have been more prominent than ever, but the
attention has not been exclusively confined to these
and Lake Shore and the other Vanderbilts, Chi!
cago
& Northwest and Milwaukee & St. Paul,
have all participated in the upward movement.
The events of the week comprise the recommendation of the Central Traffic Association for an advance
rates

The

and gained
and the Bank of Germany, siMce the

1,850,000 francs gold

lost

}fov. 18,

them,

in

£59,000 net

received from abroad, and £43,000 from the interior.

scheme for

reducing the interest on the 1st mortgage bonds, referred
to by us last week, was
definitely
published this

week

and led to great activity in the stock of
that road and also
in' the
income bonds.
The
strike of the pork packers at Chicago has been virtually ended
by the men going back to work, thus
removing that influence from the market. But Northwestern roads have had their operations somewhat interfered with by a severe storm of wind and snow that passed

Gold.

1886.
Silver.

Nov. 19, 1885.

SoM.

auva-.

M
Sank of Bngland ...
Bank of France ....
Bank of Oermany.
Total this

20,118.595
20,929.657
52.729.645 45,652,170 46,366,570 43.803,322
17.497,950 15,517,060 13.578,750 16,596,250

weak

Total prevlons

week

The Assay

....

90,346,190|61,169,220 S0,874,977 60,399,572
90,147,293160,688,040 80,397,479 60,434,280

Office paid

$251,810 through the Sub-Treas-

ury for domestic and $1,644,498 for foreign bullion during
the week, and the Assistant Treasurer received the fol-

lowing from the Custom House.
OontUUng of—
OaU.

Dutiet.

Ti.a.

Bold.

Nov. 12.
" 13" 15.
" 16.
« 17.
" 18.
Total.

44
98
61
79
83
01

$2,000
3,000
2,000
3,000
5,000
3,500

$2,312,081 71

$18,500

*302,199
333,025
377,101
576,416
377,857
315,477

Bold

Silver Oer-

Notes.

Oertiftc't.

ttflealet.

$38,000
43,000
70,000
112,000
82,000
73,000

$212,000
231.000
253,000
333,000
223,000
227,000

$50,000
56,000
51,000
68,000
67,000
39,000

$420,000 .$1,539,000

$331,000

Included in the above payments were 17,5 00 in silver
coin, chiefly

standard dollars.

NOTEMBEB

THE CHRONICLE.

30, 1888.]

593

competing for through business, its through merchan*
and west) increased 392,972 tons during the
Ohio (covering year, reaching a larger total than ever before, while at
in

THE BALTIMORE it OHIO REPORT.
The annual statement

of the Baltimore

&

dise (east

more the same time there was a recovery of some of the previousWithia the year the company year's loss in the items of live stock, lumber and grain
Philadelphia, and in the course of delivered at Baltimore.
But it is not in these particulars

the year ended September 30), will be studied with

than the ordinary
haa opened

its

interest.

line to

a few weeks expects to have the Schuylkill River East Side

road (forming the connecting link with the Philadelphia

&

Reading) completed, and thus be able to carry business
over

its

own

route to

New

Moreover

York.

this

that the expansion of the company's business
tions is

most evident.

that the progress

week we has been

It is rather in the

is sp>ecially

manifest.

steadily gaining in

all

and opera-

matter of coal

The

coal tonnage

recent years, but in the

have the announcement that the company is about to ac- late year the increase was simply extraordinary, and from
quire an interest in a line of Lake steamers to ply between a total of 6,400,746 tons in 1884-5, the total in 1885-6
Ohio ports and Duluth on Lake Superior. With such leaped up to 7,430,367 tons, an addition of over a million
evidence that the conservatism for which the management tons. The increase extends to all divisions of the road,
of the road is justly noted is not of the kind that invites but is most conspicuous on the trans-Ohio divisions, where
decay or a cessation of activity and progress, the desire to the ratio of gain is nearly 50 per cent. On these divisions
tee what kind of a statement the road is able to make is as well as on the main stem, the increase has been almost
very naturally increased. Special interest in the year's uninterrupted year by year. On the Pittsburg dWision the

would have in any event been felt, since the twelve amount of gain is largest of all, but it marks merely a
months covered by the report embrace a period of material recovery of the previous two years' loss, as the following
improvement in trunk-line affairs, of some benefit to the Bal- table giving the traffic figures in full will show.
timore k Ohio, though for obvious reasons the company's
1883-83.
1883-84.
1884-85.
1885-86.
1881-83.
buiiMas did not share in the improvement in full.
CVMlA coks oaiiie<1

reeulta

'

It

may be

On main

that considering the higher rates in force,

the exbibit though better

On

months does not come ap to the expectations of the more
nngoine, and for that reason a few words of explanation

may

Mm (fns)

OJ which

than for the preceding twelve

pmor's <"•
Pitiabarg Dlv..

In

the

first

place, take the

3,268.631

3,487,170

3,673.448

443,644
3,003,983
909.594

48P,?ei
3,437,238
1,339,681

678,041

684,696

489,913
3,167,696
966,468

6,647,016

6,668.383

6,393,675

6.400,746

7,430,367

607,034
S.686.S14

701,936
6.633,443

717,388
6,415.550

766,163
3,900,025

752,150
3,437,159

S86,«38

400,695

j

3,«47,7«e| 3,403,130

OnTnuu-OhtoI>lTs|
TottI

not be inappropriate.

3,631,226, 2,S81,6S7

for com-'

1

Ckrrted to Baltimore.

statement in President Oarrett's report that the profit and

Floor

bbU.

Wheat

bnah.

loM account shows a surplus for the year of $232,845.
Com
boah.
691,719 4,9*6,900 3.478,940 8,383,859 9,474,375
Total grain of aU!
For 18S4-5 this surplus was $110,819, so that there has
8,343.340 U.T70,S93;il,688,08a;i3,048,268 13.718.428
been an increase, and yet the increase hardly represents
70,320
Live •tock....tona.
90,630
83.187
67.890
80,384
93,831
107,398
86,560
Lumber
tons..
96,366
93,333
even the saving of one per cent in the dividends on the
Thronch mereh'd'M,
company's stock the reduction was at the rate of two
Ea-t * Weat.„ ton* 3,043,937 3,108,388 8,975.888 8,338,147 8.731,119
per cent per annum (from 10 to 8 per cent), but it only
Looking now at tbe revenue account?, we find this augeoanted in one half-year period. The small gain in surplus meotation in traffic and tonnage reflected in the earnings.
therefore is rather disappointing, the more so that in the Some of the roads in the system do not give as good an
yeeia immediately preceding the last two the surplus had account of themselves as was expected, but they are all
been eo very much heavier—close on to two millions in such as would naturally feel the effects of vhe disarrangesome of the years.
ment of the company's through service, to which we have
Bat it will not do to take this bald statement of the sur- already referred, while the system as a whole certaioly
pltu account as a reliable indication of the degree of the shows considerable improvement over the previous year in
company's progress and prosperity. We have no transcript the case of both gross and net results. Gross earnings are
of the income account for the year (that never appearing up from $16,616,642 to $18,422,438, being an increase of
and thus are without the details neces. over $1,800,000, which is certainly considerable, though
till much later),
•ary to a correct interpretation of the figures. There may it does not bring the total up to the best figures of prehave been some extraneous items to affect the result. vious years.
Ttie gain, moreover, covers freight and pasMoreover, it is clear that there must have been an increase sengers alike, the latter having contributed $435,438 of the
in the charge for interest, considering the new road built gain, and freight $1,320,358.
The net earnings are up
and new conttmclion work done, and we are not at all sura from $5,643,057 to $6,386,695, or nearly three quarters of
that there may not have been a decrease also in thecredita a million dollars, which confirms the remark above that

—

against interest.

Beaidea

all this,

consider the difEcaltiea

nnder which the road baa had to conduct its through bus^
Not having its own line to
Beta to and from New York.
New York, it had to offer passengers as an inducement
for taking the Baltimore & Ohio route to Chicago and
making a transfer at Baltimore, a redaction of five dollars
from the regular fare, and then had to pay tbe Pennsylvania full local rates for carrying such passengers between

New York

Finally its arrangements on
and Baltimore.
were also upset, tbe Pennsylvania shutting
through freight
In view of all these cirit off from its New York line'.
cumstances, and the increaoe that has presumably occurred
in the interest charge, the showing made on the surplus

account

is

certainly not unsatisfactory.

the year's surplus alone does

not offer a correct guide of

tbe extent of the improvement in the company's income.
If

it

as

be^jclaimed that the gain in the net

the increase in

the gross

ia

hardly as great

would seem

to warrant, it

should not be forgotten that there are reasons which would
Ia the
seem to explain the heavy increase in expaosej.
first place, the augmentation in the volume of traffic would
Then
of itself add considerably to the expense account.
tbe disadvantages under which the through business had
to be carried on would operate in the same direction, while
as to the increase on certain special divisions, the greater
prosperity which those divisions were enjoying would
naturally tend to make tie company more liberal in the

use of earnings for betterments, improvements, &c.

We

however, evi lences of improvement of a can best see the various influences with which the Baltimore positive kind when we come to the figurts of traffic more & Ohio has had to contend, by arranging the earnand earnings. It will perhaps surprise many to hear, tbi>t ings in such a way as to show each division separately for

There

deqtite

are,

all

the disadvanUgei under which the road labor

d a

series of years, as is

done in the following.

THE CHRONICLE.

694:
1881-82.

Miiln

sum

1883.84.

1882.83.

1884.85.

1886

86.

(AiHo. to

i/jia and Br'nchet)t
«
«
Qross earnings
10,556,570 11,679,839 11,606.958

T»Ti

6,983,626

Net earning*

6,147,656

6,269,216

•
9,783,262
6,763,362

9,846,613
6,820,247

4,672,944

Kxpenaea

•

6,432,183

6,237,742

3,969,900

4,«28,S«6

WtuMt^fton Branch
(Relay toWat}Ungton}—
Orosa earnings

354,366

Expenses (partial) ....

l.'i3,103

346,606
124,257

335,944
155,613

815,308
120,537

222,248

180,331

194,771

234,5U6

624,666
616,694

788,627
478,466

643,163
601,440

647,767
498.909

663,044
601,697

108,071

260,061

141,723

48,848

161,347

gain on the roads as a whole, in the face of the small
improvement on the divisions affected by through business, is

Parkertb'o Br.(Gra/ton

Parkfrgbur^)—

Gross earnings... .....
Hxpenses

"Net earnings
ColunUna)—

Rumors of a lease
Union Pacific, or

either to the Northern Pacific,
to both

combined, have been

current so

314,932

887,789

376,638

296,856

478,523

skepticism as to whether the present story has

940,769
706,068

909,128
707,347

1,016,608
754,808

817,785
697,866

1,013,014

703,303

from all accounts it
would seem that while the lease has not actually been signed
and perfected, yet so much progress has been made in that

234,701

291,781

261,700

119,919

309,711

direction as to warrant the belief that all obstacles have

many

times before that there

is

naturally

much

any more

substantial basis than the others, but

overcome, and that a

Gross eamlugs

1,692,007
1,245,600

1.878,167
1,304.664

2,046,881
1,557,893

1,724,612
1,463,007

2,098,668
1,828,651

446,407

073,503

488,988

261,603

2ii9,917

69,380
68,229

115,879
75,407

254.021
223,732

299,372
291,531

446.2!>9

1,151

40,472

30,280

7,841

13,460

188,937
175,859

164,781
146,289

168,533
167,775

118,480
147,632

214,291
178,083

13,078

19,612

768 def.29,102

35,208

2,979,789
1,437,664

2,813,172
1,334,897

2,294,827
1,252,695

1,999,960
1,226,541

2,430,085
1,587,664

1,642,126

£xpeDsoa

1,478,275

1,042,132

773,419

842,421

Net earnings.
Pitts

IWhta'gtoPUItbura.}-

Groas earnings

Net earnings

432,309

New'rk Som.A Struitav.
Sh'wnce)-

Oross earnings

Net earnings
PiUt.& Cb7in'n«i).(P(t'».
to Cumberland 6c Jlr'a)Gross earnings

Net earnings
an lines op'raVd-

Eipenses

opportune because of the proposed lease of the property
by the Union Pacific, which has now assumed definite

791,963

Chic.

Gross earnings

NAVIGATION.

db

1,270,476

June.
to Chicago. lU.)—

Tot.o/

OREGON RAILWAY

1,000,166
764,810

Net earnings

,lo

the

1,169,773
793,135

j^xpAnfe^

(Ifiv-rk.O

coal,

716,050

iate Erie LMvANewark
to Sanduiky)—
Gross earnings

WliuUnoJt

York,

1,103,839

Net earnings

0.,

New

987,402
672,470

Expenses

(

to

Rather tardily the report of the Oregon Navigation for
the year ended June 30 has arrived, but it is especially

or to the

Gross earnings

Chtc. Div.

own

and with higher rates in prospect for bituminous
is very encouraging.

shape.

CmtOMo IMD.(BelUHre
to

also that with a line of its

outlook for the current year

Kct earnings
to

We

an illustration of the strength of the system.

may assume

325,321
90,816

221,263

fVOL. XUIl.

18,383,875 19,739,837 19,436,608 16,616,642 18,422,438
0,929,213 11,034,014 11,676,307 10,973,685 12,035,743
!

Netettmlng-s
7,454.662 8.706.823 7.760.301 5.643.nR7
iuiuuujugit,ii4,/o/ giuBS oaiuiugB, $»9,o2i expeustssauu
net earnings on tbe Philadelphia Division.

(1.3R(!.«95

not be

much

final

been

closing up of the arrangement will

longer deferred.

Indeed, President Elijah

Smith states in his report that it is probable that an agreement with the Union Pacific will be concluded at an early
day. It is understood that the lease is to be on the basis of
6 per cent dividends, and it seems to be believed that the
way will be left open for the Northern Pacific to join in
the arrangement if that company should desire.
The acquisition of the Oregon Navigation is probably a
wise step on the part of the Union Pacific.
It will give
the latter a line under its own control to the Pacific, which
cannot fail to strengthen the position of the system, and
which perhaps was absolutely necessary to its continued
prosperity.
The Union Pacific can reach the Pacific
Coast either over the Central Pacific or the Oregon Navigation, but as is well

control of parties

known

the

antagonistic

Central Pacific
to the

Union

thus unavailable for a close alliance such as

i(iii),viid

through

profitable

This brings out sharply the contrast between the roads
chiefly affected by the adverse circumstances with regard

interchanging

In

arrangements.

in the

and

required for

consequence

route.

to through business and the roads only slightly or not at
all affected by those circumstances.
Thus the main stem,

traflic

is

is

Pacific,

on which the gross earnings last year

Union

the

Pacific has to rely chiefly

upon the Navigation

If the managers could feel assured that that road
would be maintained on a perfectly independent basis,
traflBc

impartially with

all

connections, there

from IIJ^ million would be little need for a lease; but for that purpose it is
dollars to $9,700,000, or $1,800,000, now shows a recovery obviously no more to be depended on than the Central Pacific.
of only a trifle over $100,000, while the net earnings With the Northern Pacific the case is different; that road
which had declined nearly $1,300,000 have increased only will have its own outlet to the ocean as soon as the Casfell

$56,000. Then the Chicago division, though it records a
considerable increase in the gross earnings, exhibits scarcely

any improvement

in the net, and the inference is that by
reason of the drawbacks referred to the expense account
was greatly increased. The Pittsburg Division, too, has

only a comparatively small increase, on a pretty heavy
crease in the gross.
situation, but

Here

coal is the

though the coal

traffic

on

main factor

we

is

completed, and therefore can afford to

regard with greater indifference a possible change of ownStill, it would probership of the Navigation Company.
ably conduce to greater harmony

made a party

could be

From

in-

in the

this division, as

cade division

step

a

traffic

if

the Northern Pacific

to the arrangement.

standpoint therefore,

by the Union

Pacific

the

wisdom of the

can not be gainsaid.

important consideration, however,

is

An

equally

the financial aspect of

have seen, greatly increased, the business of course had to be the matter. Will the guarantee of 6 per cent dividends on
carried on in active competition with the Pennsylvania, and Navigation stock involve much of an outlay to the lessor
doubtless the margin of profit was not very large.
More- or lessors? On that point the report just issued enables
over the pooling of the bituminous coal interests, and the
advance in rates to result from the same, is a comparatively recent

occurrence, and

did not figure in the late

one to gain
the
its

light.

Let us say

in the first place,

however, that

company may be considered to have passed through
Very prosperous from the outset,
transition period.

other hand, on the lines in

its profits

the unfavorable conditions

tion lines

—river and ocean.

as to through business played only a minor part, the comparisons are very satisfactory, the Central Ohio, the Like
Erie, and the Newark Somerset & Straitsville divisions all

were yet almost wholly derived from the naviBut the cumbrous, slow and
tedious process of transportation by boats had to be
superseded by the more modern and more reliable means
of transportation by rail, and gradually the latter was

showing large gains.

made

take the place of the former.

year's

Ohio,

We

On the
where we may suppose
operations.

think this analysis goes to prove that all things considering the Baltimore & Ohio has done well.
The heavy

to

Tnis involved

change, and with the change came doubts whether the
These doubts
prosperity of the company would continue.

SbTKIUKB.SO,

have now

THE CHRONICLE.

1886.1

596

great measure been removed.
In the preThis shows that on the basis of six per cent dividends,
year it seemed for a time as if the company calling for $1,440,000, there would be a surplus above the
were undergoing a speedy decline, but that was a period amount required, on the operations of every one of these

Tious

in

fiscal

extraordinary local depression, of crop failure,

of

with winter weather of unparalleled
tion.

As

a

reflolt

and

severity and dura-

of these circumstances net earnings had

when

years, except 1884-5,

five

exceptiooal reasons

for

the income of the property suffered a great reduction.
also

is

claimed that in the late year $343,679

It

of the

from $2,482,575 to $1,569,516, but for the late expenses were of a special or extra character, but we need
year we find them up again to $2,561,490, or to the hardly refer to that, as most of the items enumerated
largest figures ever reached.
How the company has seem to be of a kind likely to occur again. With referfallen

changed

its

business from

an almost exclusively water

route to a railroad, can best be

seen

Bcd net earnings by divisions as follows.

increase over

18».64.

ie84-8V

I

1885-66.

OroM aaralna.

nijan

eCIB.lM

SM.a8ll
v?o,ois

aa8,«M

vmtsst

1^10.14ft

«28.S9s!

400.083

saoasil

758.318
473.918

8n.47S

i%.eM

Ntt earalac* ..
JfaOreod iNrMm—

$

S78,444;

282,UOO

«

410.014

9Bfi.SI0

Oparai'c expcnaas

Opmt't txwum ijmVMt

t
784.3»

4aSAIS

408.803

381,434'

8B7.S1B
8e7.(M3

B».n8

1.073.14I

•43.081

mnjm IMtMD

Kat
CMrr I>lvMM>«—
OroM«Bndnci.,

>310,408| SJI3S.015
a8»,«84; l.fi03.1M

35.«0i

•86.143

l.»37,64Sl

1397.013

64,«Tg

80.819

08,780

886,108

SIMS

48348

38348

78,006

•iUAoaBi~<u.sT.4a8| dtj.7jtn\

»jm

lOlMK
41,710

848310

MS.84B

n8381

888.313
10T.618

W,3M

170.T4T

31380

30.701

saooAs

MMjn

0384.900 438841b 5340.543
S38USI 8.918308 8.t«8.UQ3

«,40Ut4 847«.S4a

1300310; 23e4.<80

4.94T.aM

op«ni'« •xpuMiIs.on.ws a.M<.8a8
I«

*11 moDtha ODir.
I

June

30,

$847,850, and sinking funds

it

otherwise would

have been by reason of the fact that in the purchase of

Columbia

the

&

Palouse road from the Oregon Trans-

Continental in 1884 the latter paid two years' interest in

on the bonds

$49,766 of

la 18dl-82, 1882-83 and 1833-34, this cOTon the Oregonlaa narrownmU, than operated ; (or 1884-8S and 1885-86 it covers tbo

•M8

this

purchased road, and
in 1885-6-

the

of

amount evidently counted

Bat the increase in the charge
current year, for on April

1,

will

not last beyond the

1887, five millions of 7 per

cent debentures mature, and as tliese will be replaced
the

81»,0a8

i44.aa8

Oparat'ci

is

amount having been smaller than

the

(.01)1,308' 3.e2S,5(U

UB40,418t *,031,8U| 1,103.8001 8,088,480

OptrafcnptDM*

the debt outstanding

the late year the call

advance

Onmrnnlam*...
Opant'g •xpaoM*

On

annual charge

8T4.S00

78401!

100.87S

well to state that
in the late year is

it

$83,400 more, making $931,250 together. In
for these two items was $831,289,

for

call

$

the

be anticipated.

to

1886, the
188IM1.

may be

amount required

ence to the charge?, however,

by stating the gross an

new

consol

fives,

by

ensuring a saving of $100,000 per

annum, the charges will not be materially changed.
According to present appearances therefore a guarantee
of six per cent dividends would seem to be on the basis of
the leased property's earnings, and thus unlikely to entail
much if any burden upon the lessee. Of course, with the
completion of the Cascade division of the Northern Pacifici
there will be two competitors for some of the tra£5c on
which there is at present only one, and there will doubt-

A PalooM road.
less also be some further reduction of rates, but as that
Thtu the earnings of the River division, which in 1880-1 section of the country is in the infancy of its development
were over '2\ million groes and over a million net, in the we may suppose that any loss on those accounts will soon
On be made good by an expansion in the vol). me of business
late year were only $409,802 groet and $35,202 net

OolQinbUi

th« other hand, the earnings of the Railroad division in

to

be done.

the tame interval have gone up from $539,573 to $3,925,504 groM and from $324,277 to $2,068,489 net. In 1880-1
Railroad lines contributed only $324,277 out of
$1,666,862 total net; in 1885-6 they contributed (including the Columbia & Palouae road) no less than $2,215,637
In other words, the railoi^ of a total of $2,564,490 net

RAILROAD EARNINGS.

the

ro«d buainen of the road baa been firmly established, and
now lupplies almost the whole of the net profits of the
eompany, which profits in the late year, aa we have
already pointed out, were the largest in the history of the
soterprise, thus

making

it

evident that in the railroad

aa in the navigation department, the efforts

of

field,

Isavs for

and other charges, and what

the stock ?

In

brief,

we may say

decreases

now show

increases.

the man-

agsra of the company have been attended with success.
But to what extent were these net earnings absorbed by
iatarest, rentals,

Railroad earnings are again improving, and the statement
below for the second week of November shows an increase of
f283,039 on the 29 roads reporting. This is not far from 9 per
oent, the largest ratio of gain since the Ist week of October
Only four of the 20 roads show lower totals than a year ago,
and three of these are situated in the Northwest. All the roads
distinguished for heavy gains in the other recent weeks are
still (o distinguished, while some that previously recorded

2(1

»«* of November.

that

on the

28,071

*

14.G.21

A AUanilo
A Eaat. tllluola.
ordinary operations there was a surplus for the year of CbiorilU. A 8t. PaiU
Cblcaeo & Nortbweat
$41,974 after paying dividends to the extent of 6^ per
Cblc. St. P. Minn. *0....
If we take Cincinnati Haw. A Day..
oent on the 24 millions stock outstanding.
(In. Ind. 8t. U * C
into account $52,106 spent for replacing certain wooden Denver & Rio Grande
Det. LansInK dt Mortbem.
bridges with iron ones, and erecting snow sheds on the Lun«; iRland
LoulnviUe A Nasbrllle ...
Baker City line, we have, instead of the surplus given, a Loul*T. New Alb. A Chic.
Mexican Central
On that basis the result for the late MilwaiUee L. 8. A Weat..
deficit of $10,132.
Milwaukee A Nortbera..
year comt»res with the previous years as follows.
M. y. City A Northein ...
N. Y. Out. A Westora ....
Norfolk A WeBtem
InUnH.
OUur
..
5urpliu
Northern Paolllo
Ot»(IMol
orVrJlM. Peoria Dec. A EraiisviUe
a nuM. BenUUt BUImntSt. Joe. A arand Inland..
m^nto.
/IMM 80..
St. toula A Ban Fra'Isco.
t
I
t
•
«
St PuulADulutb
I
t
Toledo A Ohio Central
18.001 I3»*,000 4649,080
507308
5.I1S.TD8 8,8U341
B.0T7J74
7300 I3(«4300i i-oae.ias Wabaab St. L. A Factflo..
881.488
tjoo3ia 8488380 8,'.08388
Cliica«o

Cblcaso

I

. .

I

I

5384307

St::

I

\

83V13B8

43S1.0SI 8388388
8348348 8381.718 a.fle8.4IW
4.088.118

870480
780318

86310 1300.000 -70.300
8300 1.080.000 -830.080

847.000

08>30t

1300.000'

-10.1K8

Total (29 roads)

Set Increase

Inereate.

9

40.3'H)

Cblc
Canadian Padtto
Caliu Vln.

1885,

9

BaSJijr. 4 Phlla
did they 'BOBIo Booh. A. PitU

1836.

260,000
34.331
40,981
fi21,00U

575,800
162,500
59.545
47.489
168,000
2.S,061

54.448
306.150
30,025
88,400
45,460
14,870
10,292
25,680
75,7.^8

823.400
14.167
23,450

S
4,700

51,000
27.551
10,110

4,.%05

20 ,0U0

64.()0u

2(1.969

1,420
7,36

40.218
634.030

766

535,8iM(

'io'.ooo

145.300
66,986
44.000
133,695
26.092

17,200
2,549
3,489
34,306

13,030

3.031

4<»,580

4,8B8

270.310

35,8 iU
2.H53

3(1.972

77.700
32.775
11.815
9,296
24,586
61.C06
3ul,450
14.075

33,404
18,305
255,000

18,358
111,733
38.510
4.476
250,000

3,633,277

3,250,248

H'J,9<I0

Deereate.

10,700
12.685
3,061

996
1.094

13,952
21,941

92
5,092
1,167

5,076
13,829
5,0OU

308.8UO
283.029

25,837

THE CHRONICLE.

696

For tlie first week of November we have since our last
received the returns of thirty additional roads, giving us
altogether 67 roads, and these 67 roads had aggregate earnings
of $5,563,529 this year, against |5, 118,813 in 1885, an increase
of 1445,217, or nearly 9 per cent.
Isl

week of Xovimber.

1886.

1885.

Prevly rep'ted (37 roads) 4,233,512
Burllnetou C. K. & No...
Central Town
Oln. N. O. <fc Texas Pao...

71.560
30,921
56,951
28,297
16,620
12,664

Alabama Great So

Kew Orlrans & N. E....
VickBburg & Meridian
Vlcka))iir>r .shrev. APac.
Cincinnati Wash. & Bait.
Cleveland Akron &Cj1...
Col. & Ciu. Midland
Des Moines & Fort Dodge
.

EastTenn. Va.

<fe

Ua

Evansvnlle (teTerre II
Fltut <fe Pere Marquette

.

Grand Trunk of Canada..
Houston

A Texas Cent

.

.

Indiana Blooju. & West..
Kansas City Fort S. 4 G.

Kansas Citv

Spr.

& Mem.

& Westeni
& St. Louis...
Marquette H. & Ont
Meiuphls & CUarleston
Minnesota & Nort!;we.»tLitkc Erie

L'vllle Ev.

.

8t.

L.Alt.

&T. H.,M.LIne

Branches

St. Louis Ark. & Texas ..
Wisconsin Central
Minn. St. Croix & Wis..
Wisconsin & Minnesota

Total (67 roads)
Not increase

Increase.

$
3,965,770
73,241
29.073
57,135
20,562

14,*>(i9

39,775
10,112
5,887
7.424
89,400
14,548
37,369
379,050
101,354
62,213
49,749
33,5B0
20,796
18,219
26,210
45.547
13,165
25,129
17,244
51,405
32,138
7,430]

10,581

Decrease.

$86,398

18,656

1,851

"""184

1,681

7.735
3,398

13,222
14.833
15,074
34,764
9,197
4,682
7.870
91,204
15,165
36,810
314,471
89,907
45.209
50.117
26,493
17,769
15,629
14,080
33,224
8,106
26,864
14,747
36.453
29.654
3.807
3,200

2,169

405
5,011

per cent, and ttie discount rate for three months' bills has re
ceded to 3}4, per cent. Still the prospect of dearer money be
tween this and Cliristmas remains. The return of the heavy
subscriptions to Guinness & Co. has increased floating balances
but this is regarded as merely a temporary accession. Commercial requirements are steadily expanding and promise to
become yet heavier. As there is no large surplus of capita
available, an extension of the demand could not take place
without very decidedly influencing values. As each Stock Exchange settlement comes round, we have very clear evidence
of the growing scarcity of money. The weekly Bank of England return did not disclose any special changes. The Scotch

demand

and the Autumnal expansion of the note circombined to reduce the reserve by £484,276, and
'he proportion of reserve to liabilities has fallen from 41 '47 to
for coin

culation have

915
1,225

446
1,804

617

556

38"7 per cent.

The

rates for

Open market

7.067
3.027
2.590
12,160
12.323
5,059

Joint

Four
Six
Three
Four
Six
Stock
Montlu Montlu Itonthe Months Month, Months Banks.
Oct.

1,735

2.497
14,952
2,484
3,623
7,381

473,282
445.217

2«3 - 2«a -

1

'•

8

"

!«a

'5
22 4

2j<a

"

29 4

sM'a

Nov.

sl

••

28,065

m»

4

and yet

it is

satisfactory to

know

of the tangled

that politics do not

now exercise the same influence they did. "Wolf" has been
cried so often in connection with the Eastern question that it
has been robbed of its terrors, making business much less sen"
flitive to the news, alternately alarming and pacific, emanating
from that quarter.
The expansion

of commercial dealings

wool

when

more persome reactionary symptoms in the
is

No

into consid ration.
What is of great importance is the
stronger position now being occupied by the hardware industries.
The returns of the Cleveland Ironmasters' Asiociation,
just issued for October, are more favorable than those for
many a month past. The publication of these particular
returns Las been awaited with interest, and it is something
to know that the anticipations formed respecting them

have been

realized.

There

a reduction in stocks of 29,687
tons.
Certainly the amount is considerably heavier than last
year, namely, 690,735, against 413,609 tons, but with diminished production and an increasing demand a more equal
balance should soon be struck. The reduction of stocks on
the month is the more s itisfactory as the actual make of pig
iron during October was 1,679 tons more than ia September.
The shipments during October exceeded those of the preceding
month by 7,174 tons. It is therefore very evident that the
home demand for iron must have decidedly increased. The
stocks at the present moment are 173,000 tons more than at
the beginning of the year. Orders are, however, coming forward more freely, and a steady reduction of stocks seems
promised. The Staffordshire iron works are very much b 'tter
employed, and in many of the leading establishments full time
until the end of the year is looked for. The shipping trade in
the north also is in a better condition, and there is a general
increase in the demand for freights. Altogether business is
assuming a brighter aspect, and we are looking forward to the
future with confidence.
Nothing special occurred in the money market during the
week. Firmness has at times prevailed and occasionally bank
rates have changed for both day-to-day loans and discounts.
The close of the week has however witnessed some relaxation
Of firmness. Day-to-day loans are now obtainable at 2}^ to 3
is

2
2

2«
2«

1886.

other

bills

1885.

1884.

£

and

£

£

25.044.365

25.103,705

1883.

£

Public deposits
Other deposits

3,114,798

3,107,226

23.723.453

25,917,568

Government

14,035,215

15.123.767

20.190,004

20.374.03S

23.3S7,140

10.455.890

11,343,132

19,809,595
38-7 p. c,

20.637.497

4 p. c.
lOlHd.

2p.c.

25,693,676
4.209,643
23.587.841
13,679,008
19,822,153

25.530.920
4,180.452
23,597.475
18,709,99 -i

secorlttes

Other securities
fteserve of notes and coin
Coin and bullion.
Reserve to liabilities

Bank rate
Consols
Clearinff-House return

33H

9.517.237

12.1.36.568

19,298,167 22,080,243

34 p.c.
5 p. c.
100 l-16d.

p. c.

'43^

p. c.

3p.a.

100 7-1 6d.
146,762.000 123.989,00(1 131.296.000

101 9-16d.
97,717.000

The Bank rate of discount and open market rates at the
now and for the previous three weeka

chief Continental cities

lave been as follows:
Nov.

Oct. 29.

6.

Oct. 16.

Oct. 22.

SaUsof

certainly

surprise can be felt at that circumstance
the rapidity and extent of the late advance are taken

Irade.

B

rate of discount, the price of consols. &c.

ezcludini; 7-da7

Utttrestat

ceptibie, notwithstanding

Bank

ii.e ui s

I

and the prospect

m» -3 Si3H 3M®3>i
- 2>4a - 2«a -2H®3H 3 @SK 3W®3M
3 ®3«
-3
—8
-S)i«3« 3«0 - 3«®3X
SK'S -,S«94 3«®4 3H*4
— si^a 3H» -3}4i* I3^@4 3^44
s>4'» - s^a - sH^i i3?ia4

The following return ohows the position of the Bank of
England, the

threads of negotiations being speedily unravelled is as remote
as ever, thanks to the provocative activity of General Kaulbars. All this is not favorable to a further improvement in
trade,

Interest allovMi
for deposits hy

Three

From oar own oorr^sutiudent.
London. Saturday, November 6, 1886.
Political affairs in Eastern Europe appear to be becoming
more confused. The tortuous paths of Russian diplomacy are
straight,

:

Trade BUlt.

Oondon

circulation,

from being made

as follows

rates.

368

p|.o aetar gs & o mmerctal ^^ngltsH

far

money have been

64,579
11,447
17.004

5,563,529] 5,118,312

I

[Vol. XLIII.

Bank Open
BaU. Market

2^

Bonk Open
BMe. Market

Barik
OpMt
Rate. Market

3

2«

8«
3H

a

3X

iH
2«

3

3

SJi

3

3

z^
2«
2«

2«

3

2M
2^

2J<

2)4

2X

a«

2H
an
za
9H
2«
2«

4
4

4

4

4

4

4

SH

*K

5

4
5
3

4

3

5
3

3K
4M

3

4
5
8

3H

Krankfort.

SH

•lambuTK
AmsterdaniH...

SH
2ii

2X

Vii

Hrosselfl

an

2?<

2),

Madrid
Vienna

4

4

4

iu Petersburg.

S
3

Messrs. Pixley

Op«n
Market

3J«

3

Palis
Berlin

Copenhaffon.

Bank
Bate.

&

m

3

3

8^
3

Abell write as follows on the state of the

bullion market:

Gold— Tlie demand for India and America has been sufficient to aball arrivals in bars. The Bank has received £46,000 in sovereigns,
and £50,000 have been taken for Liabon. We have received £58,000
from Australia, £76,000 from West Indies and £5.000 from the Cape;
total, £139,000. The P. & O. steamer has taken £2.i,000 to India.
Silver has improved since our last week's quotation of 45 ''a !•, with a
strong demand for the Continent; and the market not belni; very largely
supplied, we give 46'8d, as the nearest quotation. The arrlv>tls include
£80,000 from Chili, £30,000 from West Indies and £20,000 from New
York; total, £130,000. The P. A O. steamer has taken £52,000 to
sorb

India.

Mexican Dollars— The unsold portion of the arrivals per Don and
Washington from West Indies was placed at 45d. per ounce. The arrivals comprise £165,000 from West Innies and £.i,000 from New York.
The P. & O. steamer has taken £24,000 to the East.

The quotations

for bullion are reported as follows:

GOLD.

SILVBR.
Nod.

4.

».

London Standard.

4.

n

9
Bar sold. fine., oi.
Bar sold, contain'K
20dwts. sllver.oi. 77 10
Span. doublorj|| <tft.
3.Am.doubl ooM .01.

Oct. 28.
(.

Nov.

London Standard.

4.

4-

4.

Oct. 28.
4.

1

9

Bar silver
ob.1
Bar sUver.contalD-

46^

SSfi

77 10

lng5Krs.gold.oi.

46)^

ten
*s%

77

Cake silver ...o«Mexican dol8...oi

49«
45

46

The Bank of England has received tenders for £2,280,000
Bills.
The allotments were— in bills at 3 months
£1,475,000 and six months £805,000, Tenders for bills at three
months at £99 28. will receive in full, and for bills at 6 months
at £98 4s. 6, 33 per cent; above in full. The average rate for the
three months' bills was £3 9s. 4i^d, per cent, and for the six
months £3 88, 1 Id. per cent.
Treasury

NOTUCBGB

THE CHRONICLE.

20, 1886.]

A new Chilian 4J^ per cent loan is announced by Messrs. N.
U. Rothschild & Sods, the price of issue being 98}^ per cent, and
the amount £6,300,000. The whole of the sum, with the exception of £315,000, b for the conveision of the 1858, 1867 and 1870,
1871 and 1873 loans. The 1867 loan bears interest at the rate
of per cent, but the others at 5 per cent.
The company promoters are having a good time of it just
BOW.
The rush for gold minei has been rather checked by
the recent warning from Brisbane, and the shares of some of

the undertakings have receded, though only fractionally. It is
stated that one of the companies lately brought out was sol<l
not long ago for £16,000. It was then disposed of for £;o,000,
and a few days after for £170,000, and eventually blossomed

blown company with a capital of a quarter of a
The success which attended the
million pounds sterling.
IflBiM of Messrs. Guinness & Go's, prospectus has, it ii rumoured
lad other brewing firms to consider the advisability of trans!
fetlinc their business to public companies. The report now is
that Meaars. AUaopp, the noted pale ale brewers, are likely to
diapoae of their business in this manner. The company mania
Tliis week
a, in fact, permeating all branches of industry.
among otbem we have the Hop Bitterj Cjmpany, with a
capital of £95,000, a small Advertising Ageocy, a Pressing and
iRMBiag Machine Company, a Transformation Prints Company,
a Chemical and Manure Company some half a dozsn mining
companif-a, besides the Chilian 4% P^'' <^^°t loan, of which
only £815,000 in cash is required, and some Ottoman railway
nto a

full

597

Lomton.

Hon.

Sat.

i

Wed.

Tuet.

1

Thurs.

Fri.

*BIltl> 46n,„ 46nifi
4C-8
46iSie 47
..d
peroi
102
101»18 101 Bi, IOU616 'IOII61,,' 102
^nsolB formoney
IO2I1. IO2I1,
102
101% loviiia 102
''onsolB for aoooaut. .

SllTjr,

,

.

fr'oh rentes (In Parts) fr 82-921S J2-70

13138

72

Janadlan Paolllo

H^. &

11279
13138

112''9

a. 8. 4>«sof 1891
U. 8. 4b of 1907

72>>8

—

9838
St)%
I3a>«
sei*
193b
117

9g3a
36%
Btook
IBS'*
UlnolB Central
5939
"ennsylvanla
'hlladelphia & Readln^i l9ie
lie's
New York Central
JIilo.
^Jiie,

St. Fatil....

oommon

82-80''

112%

112%

ism

I31I4
72^8

72%
98%

82-32lg

112>4
130>4

fe2-37i« 82'6.5

112%
130%
7178

37>a
i3ai<
59=8

37

97%
37%

98
38

ISSH

I38J4

59^

59 >4

193a

2058
1117

^o^

138>«
S914
203^

lie's

111714

98iS8

117>9

©ammcvcial kuA W^isccUvLntavLs Hews
National Banks.

—The following national banks have lately

b >en organized
3,586— Tbe Citizens' National Bank of Sioux Falls, Dakota. Capital
$ )0,0i '0. Edward P. Berbe. President Eben M. Hills, Cashier,
3,587—Tbe Alabaiua National Buuk of Birmingham, Ala. Capital,
Joseph F. Johnston, President; John W. Bead,
$M)0,000.
;

Cashier.

3,588—Tbe Towson National Bank, Maryland. Cipltal, $50ja0J. John
John l^rowtber. Jr., Cashier.
J. Cockey. President
3,589—The First National Bank of Llndsliorif. Kansas. Capital, $50,000.
B. F. Duncan, President; John A. Severson. Cashier.
3,^9 J- Tbe First National Bank of Ashland, Wisconsin. Capital, $}0,00<),
;

Eilwin

EUlis.

President

:

Walter K. Sutherland, Cashier.

—

IKPOBTB AND EXPOBTB FOR THK Wbbk. The imports Of last
week, compared with those of the preceding week, show
an increase in both dry gixnls and general merchandise. The
total imports were |9.493,871, against |8,400,207 the preseding week and 18,415,904 two weeks previotis. The exports for
It
B pe: cent debentures for £300,000, issued at 81 per cent.
the week ended Nov. 16 amounted to $8,257,483, against
The
will be seen that the intending investor has a rather bewilder. 16,750,333 last week and $6,700,753 two weeks previous.
lag oboioe.
The fresh capital creations for the week, presum- following are the imports at Now York for the week ending
'ng that these companies go to allotment, is £3,37,0000.
;for dry goods) Nov. 11 and for the week ending (for general
In the grain trade at Mark Lane there hos been no fresh merchandise) Nov. 13 also, totals since the beginning of the
dsTaU^iment. Wheat has not lost its firmness. Sellers have Srst «eek in January:
tiU the advantage, but they have not succeeded in scoring any
rOBBIOX KPOBTS 4T «BW lOBB.
further improvement. Notwithstanding the recent recovery,
1886
1885
1884
/tor Week.
1883.
the average price for the season so far is less bj 3d. per q r. than it
»l.r9J.604
• 1,292,392
«l.SI8.9b6
• 1,087,271
Orr Ooods
was last year, and appirently we are a long way from Q«a'l ner'dise.
7,606,267
5.554,144
8.36i.754
4.91 1, 6S3
a •nbetantial rise.
Had there been any real life in the
•9,498,871
•6.847,140
Total
•5,998,024
• 10,181,750
trade or any mclination to allow operations to exceed the
Jlinee Jan. 1
• 109,084.765 • I0l.271,21t *88.053,61J »1 02,389,796
boonds of current requirements, we might reasonably have ex- Dry Uoods
76,635,459
Oeat mer'dlae.. 290.921.201 278.055,657 245.3t>9,(i69
paote d that the paat week would have witnessed a further disT (UU 45 weeks. •400.00^,966 •373.326,876 «i333,452,751 (379,025,255
tinct ha' deniog of values. The deliveries of home grown grain
wen again short, and appreciably less than last year.
In our report of the dry goods trade will be /ound the im
Since the oommencement of the season the eales of home ports of dry goods for one week later.
grown wheat have fallen short of last year by 136,000 qrs. At
The following is a statement of the exports (exclusive '
the same time the aggregate importations of foreign wheat specie) from the port of New York to foreign ports for th e
;

'.<

and

fiour liave declined

fore, the

some

223,000 cwts.

Clearly, there

markets have not been over-well supplied.

week ending Nov.

But

hamper themselves with heavy
appears that miny of them during the past season
were heavy losers through buying rathor freely during the
earlier months, and as prices subseqaeotly fell away they were
•Itimely compelled to part with a large portion of their purchiaas at pricei mat' rially below what they paid for them.
The following shows th? imports of cereal produce into
tha United Kingdom during the first nini weeks of the

1888,

16,

and from January

1,

ISSQ, to date:

axroBTs raoH asw tobk fob Tan wsak

nillers are not inclined to

tooka.

la POSTS.

I8H«

3e<:.89§

MM.

476.H49
4,676,901

nsarT.

2,98 1.6 M)

BappUas available
Baptamber 1):

746.370
4.894, 42
Z,C60.3i2

1884
4.1»ll,rt25

112,070
475,712
5,794.931
2,617,071

on

1884

1886.

062^77 11,091.488

1 1.
11.062^77

2,06o!lt2

•i.eci.-in

•,475.808

8.433,':90

W,437,23J

1883.
13.263.947
2.647,071
8,792,900

19,376.644 21,556,109 33.151,518, 24,703.918
H8J.
1891.
1886.
188V
week. Sr*. 3d. 31*. 4r1. 32«. 3(1. 40«. 3rl.

Aver. prir« wheat
Aver, price wbrat.... aeaauo. 30>. 190.

31«.

Tha following shows the quantities
maiae afloat to the United Kingdom.
wtk.

Id.

of

3^8. 11<1.

408.

I

>(1

wheat, floor and
year.

1884

qrs.

1.5(15.000

LoMt wetk.
1.963.000

1,409.000

'.aqoaltoqra

306.000
279.000

228.000
278.00O

1.52.000

1,575,000
145,000

202.000

$8,257,483
2u8,974,399

289,771, 3'J2 •285,333,788lt277,231,8a2

The following table shows the exports and imports of specie
New York for the week ending Nov. 13. and
since Jan. 1, 1886, and for the corresponding periods in
1885 and 1884:
t.su

4.00.1,344
2,->76,»21

S.0Z4.228
332.811
«J2,057
3,82 \835
3,C63,S2l

282,«tJ5,7cl3

•6,131,04 <
278,90 1.84->

«t the port of

iHPOars or apsuia aT

saw

Irnai Britain

^rmaiiy

........ ....

*«»t Indies

anetJan.1.

1,725 12,546.575
11,680,539
5,471,568
6,514,406

Vazloo

r.tal 1886
Total 1885
Total 1884

«<rer.
#re»t uncaln
'raooe. ....... .......
ierman,,

13.800
14,C00

Total 1886
Total 1885
Total 1884

614,748
687,553

Week.

9411,038
926,156
274,646;

12 172
5.780
2,315

aineeJim.1.

»3,762.316
4,898,966
9,571,422
2.5R5.aifl

45,388
359,995
273,849

129.525 {37,415,390 n, 132,107 •21,497,247
17,650
6,694 90.' 1.794.135 11,253,876
6.000 37,958.086 2,60J,947 1?,166,742
•135,fiC0

•7,906,471

56 200

S73.077
46.250
e27.879

l.siOO

ffest In-lleB ..........

Huzloo...
loatb Atnerloa
411 other enohtrle*. ..

roaa.

Imporu.

Jbqwrtt.
ir€«A.

toalh Aiuerlcs
V'l other ootiDtrtes...
1886.

^

300,940,268

Total 45 weeks. f307,5i5.904

t3.2'ia.;)47

OfWhaat.«Wt. 9.914.126
2.94A.H50
lef loor

torfeaiBe.(t<owB

Prev. reported..

1886

1885.

«7,0^.\519

«fi.'.3>,036

1883

11,051.498

for coaio option (4iolu4ive of stocks

•

Tofal..

For the week...

•XPOBri

1885.
11.062,477
8.990.718
2.43^,306
309,818

9.014,12a
4.704.688
3,017.154

18H4.

1883.

It

i",2'35

95,315
105,292

• iri3,435

t8.664,2i>4

1:<1,416

14,038,170
12,054,999

•
15.315
1,170
1.400

•17,885
21,798
77,665

•1,092
50,360
31.238
8,'>4,048

230,884
374,299
55,387
•1.697.808
1,680,754

109,000

Thit

.qr*.

Sll«k

riaaaclal

Tlw daUy closing

[jfigt

<Iark«(«— Per Oable.

quotations for secunties, Ac., at

London

•ra raportad by cable as follows for the week ending Nov.

19:

194.500

3,V!75,908

Of the above imports for the week in 1886, $4,865 were
Of
limerican gold coin and $9,279 American silver coin.
the exports during the same time $27,800 were American
gold coin.

THE CHRONICLR

598

United States Sub-Treasury.—The following table shows
the receipts and payments at the Sub-Treasury in this city, as
well as the balances in the same, for each day of the past week ;

HAiOXVIL.EE & OHIO RAILROAD CO.
FIRST MORTGAGE SIX PER CENT GOLD BONDS,

"

15
16
17
18
19

Totkl

..

"

"
•'

Coin

Coin.

Cart't.

30.773,100

1.4.N7.357

1

ao2.2P6 125,337,429
512,576125,427.665

1,087,329
1,783.073
968.384
l,7i!8,209

1,724,443 I25„'>ii5,682
1,C61,«!)8, 125.671.3*5
2,19.5,31H[125.649,975
1.440.593 125,632.428

30,426,060
3^334,2.^0
29,095,370
29,274,350

8.617,919

8,937,224

30,6!>8,9!0

20,418,165
20,316.902
20.444,622
20,921,843
20,985,158
21,131,341

1

—

Hexican National. The recent agreement executed Oct.
15 by Mr. Smithers as representative of Matheson & Co. of
London, and by Gen. Palmer of the Mexican National, has
now been ratified by all parties, including the bondholders.
The road has 489 miles completed on the north end and 406 at
the south, with a gap of 870 miles between, and when all is
finished it will make a line of 1,340 miles, including branches.
The present mortgage is to be foreclosed and then to provide
money to complete the intervening gap of 370 miles between
the northern and southern divisions, a new first mortgage at
5 per cent of about $9,000 per mile will be created over the
,iwhole property. This mortgage will sufflce to complete the
jfap, enable the company to own its own equipment, and leave
11,000,000 in the treasury for future requirements. The present bonds will form the next charge upon the property at
about 116,000 per mile (provision being made to increase it to
$25,000 per mile, but only to redeem the prior bonds by the
additional issne), and these bonds are to be divided into two
classes, A and B, say of about $8,000 per mile each, bearing 6
per cent per annum interest, the interest upon the A bonds
being cumulative and that upon the B bonds payable out of
each year's income. The claims of the Mexican National Construction Company are to be settled by the creation of
$7,000,000 6 per cent income bonds, ranking next after the
mortgage bonds now in existence. The $83,000,000 of common
stock will remain as it is, and will be admitted into the new

—

company

from any assessment."
Kiernan's on Thursday said "The American bondholders
of the Mexican National Railway have made some slight
modifications, principal of which are, first, the nomination of
a purchasing committee, composed of Messrs. Albert Fink,
Joseph D. Potts and Eckstein Norton second, the right on

—

(DI:E 1925.)

Ourreney.

INTEREST PAYABLE jrANVART

$

S
933,567

Nov. 13
••

PaymenU.

Reeeiplt.

free

We ofTer,

the part of the railway company when reorganized to issue an
additional $1,000,000 of prior bonds in case they should be
needed over the $12,500,000 authorized in the original plan of
the committee
third, determining the subsidy pledged
as security for the new priors at the fixed sum of $7,000,000."

JULY.

XhoHe boudM are a llrnt aud on'y .Tf orti;a:r*^ *>n tlie Knox& Olilo Uallroad <^oTnpan*'M pro|>friy,— a division of

i^lio

th« E»Hl TenDC«N«>e Vlri£liilH & (>cor«;iu Raliivay, by wlilGb
It niakeH connecltoii for bufciiieNit wlfli 4;iiieliiiintl and
Ijouixvillc, and over whlrli all the coal iiMed by the East
Teniit'ssee Viri;Iiila A: Gcor^ila Nyxieiu, and xappiled to tbe
territory tributary to Ul'trci hundred inlles o( Its line

Tlie niuiu line of lire Kno.willIv & Omio Kaii.iio.vu is
miles in length; extending from Kno.wiUc north to JeUioo,
on tbe K.ntucky State Liue, where It connects with the Louisville &
NashviU" Railroad for l/oulsville, and with the Kentucky Central for
Cincinnati, forming tlie only line and the connecting ItnK between the
Northwest and tlie cities of Louisville aud Cincinnati, aud the oommerciai centres of East Tennessee and i>oint8 South aud Eiist.
Owin« to the mountainous region iraverscd, this line wag cteoedlngly
expensive to build, and cannot be paralleled or its trade diverted except
at an enormous outlay of money. The. road was built with tunnels
anh-d with stone, iron bridges and stone abutments over the strcitms,
and the grades brought down to less than sixtv-slxfeet, in order to
Bc ommodate a large uaflic. Over three and one-half miUicms (*3,50O,00) were spent by the old company in its construct! m and equipment.
It passes through "a country une.veelled for coal anl iron ore, wnlch is
being rapidly developed to supply the demands South ami East, and
owing to the superior quality of the co il will always furnish a large.
Increasing and proUtable trattic. The mortgage to secure tlu' $2,000,000
of first mortgage six per cent bonds covers sl-xty-seven miles of main
lin , all side tracks and coal branches to the minei now in operation.
All the equipment owned by the company, which is ample for the shipment of a half million tons of coal per aiiniun; va.uabld real estate in
Knoxville, used folntly by this oompanvand the East Tennessee Virginia & Georgia Railroad Company, aud valuable rual estate along its

niunt paui.
Bl.xty -seven

'

linn n"Ce8.'ary for its operation.

The Knoxville & Ohio Railroad is owned and operated by the East
Tennessee Virginia & Georgia Railway Company, and is practically a
part of Its system contrilmting a large and inereasiuic tonnage, which
18 transported by the latter to nearly all the unportant points In the
Southern States.
It is operated by the officers of the East T.mne5s?e Vlrgl'ila & Georgia
Railway Company; the gross earnings reported and the prop jrtion of
the interest du^ ou these bonds set apirt for that pirpose.
;

Gross earnings for fiscal year ending Jane
9341,287 08
30, 1886
Operating expenses, taxes, betterments, etc.. iil8,996 87
licaving net revenue
The gross and net earnings
In excess of the

No
price

—The card of Messrs. E. L. Oppenheim & Co.

appears in to-

$liJ2,il90

21

for the present fiscal year will be largely

above.

better security has

been offered to Investors In

this

market at the

named.
These bonds are listed on the N. Y. Stock

Price 102 1-2 flat.
Exchange.

GRISWOLD & GILLETT,
Successors to Wayne Guiswoi.d,
No. 2 WaU Street, New

;

[See

annexed

letter of

York.
General Samuel Thomas, President E. T. V.

&

Ga. Railway.]

East Tennessee Vibgima & Georgia Railway
of
No. 10 Wall Street,
Samuel Thomas, Prcs't.

day's Chronicle.
This firm having already a large line
customers and every facility for business, invites the attention
of parties who have occasion to buy' or sell stocks and bonds.

— Mr.

New

York. October

Me. Wayne Griswold. 2 Wall Street, N.-w York.
jtfv Dear Sir—Yoai favor of October 14. making

Co.,
1
S
16, 1386. J

Inquiries about the

William O. Allison, 73 William Street, has issued a First Mortgage six per cent gold bouds of the Knoxville Jt Ohio Railroad
Company, is received.
pocket pamphlet on American Cotton Oil Trusts,

—

Auction Sales. The following were sold at auction
week by Messrs Adrian H. MuUer & Son, 13 Pine Street
Shares.

this

Slmrea.

50 Chatham Nat. Bank
212
10 HoniB Life lue.Co.B'ljlyn,208'a
350 (Jitizeuh' Gas Light Co.
of Brooklyn
63
50 Brooklyn Oas Llxht Co. 105k
25 N. Y. Mutual Gas Light. 107>4
88 Metropolitan Gas Llj;ht

5 Ger. Am. Fire Ins Co.. .290
10 Edison Co. for Isolated
Lighting ("full paid)
100
Bonds.
$5,000 Atchison & Pike's Peak
(Central Branch U. P.) Ist
63 gold, due 1895
105

.

Central Branch Union
Paciflc Ist 78, g.. duo 1895. log's
$5,000 Citizens' Gas Light Co.
50
of B'klyn 1st Ss. due 1905.. 102 J4
$3,0UO 81 Louis & Chicago Isl
20 Union Ferry Co., B'klyn.l46
6e,gold, due lal5
83
20 Niagara Fire Ins. Co
1(56
$3, '00 Nassau Gas Light Co.
30 Gennanla Bank
219
of Brooklyn 58 reg. certf. of
50 Meroanllle Trust Co
190
Indebtedness
10034
7 Mechanics' Nat. Bank. ..170
$3,000 Peoples' Gas Light Co.
3,056 Colorado Central Conof Brooklyn 7s. due 1897... 10 lis
sol. Mining Co
$2 55-60 $1,000 People's Gas LiehtCo.
11 Nat. BK. of the Republic. 133 «
of Brooklyn tis, due 1900. .. 99^4
1 Clinton Hall Assoo'n
5
$3,000 Brooklyn City & New15 Third Av. RK. Co
town RR. 1st 78, due 1890. .IOC's
240>a
80 Security Sate Deposit Co.
$10,000 City of Buffalo 78.due
of Boston
125
1915
157 & Int.
50 Third Av. RR. Co
i.4,0
$10,000 City of Rochester 7s,
100 Irving Nat. Bank
141
due 1905
146^4 & int.
45Thiril Av. RR. Co
2iSH $5,000 City of Cleveland 6s,
25 Third Av. RR. Co
236
due 1896
1171,1 &lnt.
Co. of Brookl.Tn

33

tc

At Central Trust Co. (Trustee), New York.
subteft to sale, a limited anioin of the above named bonds.

:

;

little

XUn,

3|attMn0 antX l^iuaticlal.

Balance*.

DaU.

[Vol.

7413

$3,', 00

Gas Light Co. of
Rochester, N. Y
36
Buffalo Mutual Gas L't
Co. of Buffalo, N. Y
93
Citizens'

.

JauMttg and IftuaactaX.

The Knojville & Ohio Railroad is the line by which thn East Tennessee
& Georgia RR. makes couneotion with LiuUvilie and CinciauaiTat Jelllco, near the State line. It Is of vit:il Imp rtanee to our system iu giving us tbe control of the business from no/chorn cities to ast
Tennessee and points further south. Tne road was built through the
moun.ain ranges at great cost, and while Ic Is only seventy miles In
length, about four million doUiirs was expended by the city of KuoxvlUe,
the counties through which it passes, and the present company, in its
oi'US ruction. It cannot be paralleled and occupies a commanding position for future growth, passing through and being the onlv line reaclilng
the large and well-known Coal Creek coal field irom wuicli all tlie coal
used by the East Tennessee Virginia & tieorgia lines and by the people
living n the seitiions re whcd by its traflic, must come. This traffic alone
gives It a sufficient revenue to insure the payment of the Imerest on the
bonds; but in addition to this the Knoxville & Ohio Company owns valuable real estate In the Oit.v of Knoxville, a number of miles of coal
brnnches, aud equipment with which to do Its buniucss, all covered by
this mortgage.
Virginia

Tennessee Virginia & Ceorgia Railway Comto nave 111 s property pass beyond
Its control, IT it< earnings we e not sunicie I tu meet Ita
llxed cliargcN. Its cntraiioc to Knoxville, a city of twentyfive thousand Inliabitaiit* and the bu-ioess C''nt-e oTEasI
Tennessee, is s«> valuable that tlie road woulii be ewgerly
nought lor by the I.,uiilsville Sc N shTllle or the Clncinuatl
Southern railroad companies, to gain access t'> tlic large
business it controls. For this reason tlirce-fjurtiis of its
<'apit.il Stoca w«s purohasod by the Ea«t TeuneKSCc Virginia &: Oeorgia Company several years ago, aud its management controlled by that company.
Ilie properly is able to earn tlie interest upon its Plrst
inortg~gc Bonds from its net revenue, and lias done so for
tlie past two years, and from this jear on must siiow a
large surplus wliicli will go to the credit of Its owners, but
if this was not the case tile position of tlic road aim its cost
is such tliat tlie Inlercst must bc furiii-lie by its oniiera.
Tlie East

pany could not allord

'

These bonds are carried by the East Tennessee V.rg ui.iiS Georgia Company as an indelitedneas on which intep st must, e paid, along wilh Its
1

United States Government and other desirable

SECURITIES

&

IV

T E

TORS.

All stocks and bonds listed on the New York Stock
sold on oommission lor cash.
Deposit accounts received and Interest allowed on
nbjeot to draft at sight.

and

HARVEY

FISK

28 Nassau Steekt,

you inquire is a clear lirst mortbond about
upon all the Knoxville Jc 4>Iilo property, free
complications, and legally executed, ana is in
from any
safe Investment
my opinion a perfectly will give them nofor parties who
trouble and ou
uant a security tvliicli
whicli tliey will always receive their interest without
wlitcii

'ihe

FOB

I

uU'leriying divi.sional liouds.and is 60 stated in its icports. TUe earnings
of the property are included in the reports of the gross earnings of the
(ieortia Railway, nnil the Hlfai s of the ComEast Tennes.-ee Virginia
p.iny managed as a part of the system of whi ^h I {tin Pr. siilcur.

&
New

Exchange bought
monthly balanoef

SONS,
York,

gage

bi>iid

delay.
Very

truly yours,

SAM'L THOMAS.

(Signed)

ry The

Va <t Ou. Ktiilway Co.
Ge'rg a Railway Coi'ipany have

Prrs. E. Tenii.

East Tennessee Virginia

Ac

lust refused par from two hyiidliates for i(17oo,000of ihe $l,100,OtO
Ohio Road, and would not name a
Caiiital Stock of the Knoxville

&

iiice at which they

would soil.

XOVKXBKR

THE CHRONICLE.

20, 1886.)

Notember

She Saukcrs'jSaiette.

Prlmebankers'sterllng

DITIDBNOS.
I

following dlrldendu have reoently b«en

umoanoad:

OtiU.

Payablt.

Book* Oloteti,
(Day$ in<!<tt«itie.)

Railroads.
A Qulacy
CMBWtM*. vnt
DaUware A Bound Bm*( ((inar.
Iowa Full* A BInnx Cttr (iioiir.)..
Mlacellaneo us.

3>*
l"*

Deo. 15 Not. 24 to
Sov. 18
Nov. le Nov.'i'i'tb"
Dec. 3

Aaierieaa Kzi>r«M

3

\

2

2

Bremen

4 8S

5 2568».l

5 23i8»5 22ia

4 80i4«4 Si \
4 ^•^^9^ so

.....

(grnllderB)

FYanlrfort or

85i<

4 81ia94 82

2.5

39^o39i3]g
94'«<;9408

(relchmarfcg)

a4

39i5ie»40
94''ea95

Coins.—The foDowing are quotations in gold for various coins
SP^e* par.
$4 83 •$4 85 Silver >48 and iss
Nov. 30 Sovereigns
P3 « — 94>s
Plve francs
3 S5 • 3 90
NapoleOBS

Jan.

CblcaKO Burl.

on London,

................

Parle ((ranos)

^materdam

mum

Dtmand.

Sixty Dayt.

19.
bills

Prime oommerolal
Dooamentaryoommerolal.

Per

Kmm* of Omtpony.

599

I

X ± Relchmarkg.
X Guilders

,

3 Deo. 11 to Jan. 3
dem. Not. 7 to

«
9

4 74
3 96
Span'hDoabloons.lS 55
Met. Doubloons. .19 55

4 76

4 00
«15 65
»15 65
oar If^ prem

Mexican dollars. — 80 a — 81
Do uuoommero'l.— 19H9 — 80^4
.

— 74^» —

Peruvian sola

Bngllsli silver .... 4 79
so
U. 8. trade dollars

«

78>a

4 84

« 81
Fine gold bars.
Mew York * Teiaa land
On
8
—102 ai02!(i
0.a.sUTerdoUaTB— 98%« 100
Fine silver bars
DlmesA >a dimes. — 99><» par.
WALL, MTKKKT. FRIDAY. NoTember 19, 18»i«-5 P. n.
United States Bonds. — Government bonds continue to be
The Money Market and Financial Sitaation.—The
week has been a favorable one in commercial and fiQancial lightly dealt in, and the market is still very dull. Prices have
been variable, especially for the 43, which were quoted one per
circles, excepting that the heavy storm in the West has done
cent lower than last week at one time, but subsequently recovconsiderable damajje and will hasten the

close

of

inland

navigation.

The

great feature at the Stoclc

Exchange

is

ered most of the decline.
The closing prices at the N. T. Board have been as follows

the unbounded

•

Inteml Nov.

—

confidence in properties that have never earned dividends or,
in other words, the readiness to buy at advancing prices the
•took* of railroad companies that have scarcely been able, for
years past, to pay their interest obligations, or have actually
been sold out and reorganized.
This indicates a buoyant
speculative spirit as dibtinguished from an investment

demand

or even a conservative speculation based on an estimate of stock
Talnea.

Periodt.
4's8,

4188.1907
1891
1»91

4«,
48.
3g,
68.
68,
68,
68,
6«.
*

In ordinary time», stocks are usually bought on a careful
(tady of the past history of the respective companies, their
acmings, income, dividends, etc. But when a period of extra-

1907

option U. 8.

Nov.

Nov.

.You.

15.

16.

17

1».

110

...reK.Q.-Mar. -ins's •log's
. .

A
*

rius la the pnoe bid at

J. -13314 •I3:i38'133i.i'133i»

J.-13»

tlie

Not
19.

•10»l8 •1095s log^^

.coup Q-Mar.I'lll
rec Q.-Jan. |M27''g I2«ifl' 127 58 -127
conp.Q.-Jan. '.28 |*l27-'8 *127«sl \i7
..re)t. Q.-Feo. :'100>4 -10014 MOOVu'lOO as
..rcg.J. 4 J. •125i» '12.V8*l25Ta-l25''8
•128i«*12S'» I'.iSSi
..rejf.J. A J. -128
•131 1*131 1*131
..reg.J. A J *131

'95.
'96
'97.
'98. ..reK.J.
cnr'c-T. '»9.
.rei-'.J.

our'oy,
cur'cy,
cur'cy,
cur'cy,

Nov.

13.

:

•110%
127% 127 «

1271a •127S8

«100% •100 Ss
•1251a *125is
•1261a •1271a
*128ii •131

•134

•133 'a

•135^ •ISS's
was made.

•is.s^ -isft^l'ias^

morning board

:

no lale

—

Stale and Railroad Bonds. State bonds have had only a
moderate business aud prices have not changed to any appreThe most active have been the Virginia
ciable extent.
or£aary confidence in railroad properties comes around, once deferred bonds, but even in these the business has been moderate, the closing price being 13J.
ia a decade or oftener, the past counts for little, and the possiRailroad bonds have been conspicuous in the Stock Exchange
of unlimited dividends in the future is easily talked up. tmnsactions during the pist week, the business being large
Ullty
The jneaent time seems to beoneof these periods of confidence, and well distributed over the list.
Many of the lower-priced
and It will be observed that the estimate of values put upon and usually inactive bonds have been brought into prom
many stocks is based largely upon the assumption that they ctin inence, including several classes of income bonds. The tone
do vastly better in the future than they have ever done iit the of the market has been decidedly strong, and most bonds have
p-t
improved in price more or less, the advance in some cases
The open market rates for call loans during the week on being quite marked. Among the leading specialties have
lock and bond collaterals have ranged from 3 to 7 per cent, been Columbus Hocking Valley & Toledo 5s, Fort Worth
the usual rate to su>ck brokers being 5@6 per cent ; to-day the & Denver Ists, Virginia Midland incomes, Shenandoah Valley
rates were 6(S0 percent.
Prime commercial paper is quoted bonds and Atlantic & Pacific incomes.
Tha last-named have
at 540<Si pf r cent.
been very active and advanced quite sharply on the proposition
The Bank of England weekly statement on Thursday showed to scale down the interest on A. & P. Itts, the lower rate to be
a gain in specie of £102,000, and the percentage of reserve to guaranteed by the Atchison and San Francispo companies.
liabiiitiea was 43 7-10, against 40 516 last week; thediscount M. E. & T. bonds have also improved.
rate remains unchanged at 4 per cent.
The Bank of France
Railroad and Mlscellaaeoiu Stocks.—The stock market
loat 1,850,000 franca in gold and gained 4,575,000 francs in
continues to exhibit a decidedly firm tone, and while there has
ilrer.

The New York Clearing House banks,
Movember 13, showed an increaae in

in their statement of
surplus reserve
of
fS,258,450,the total surplus being $7,891, 850,against $5,832,000

the pnvious week.

Toe following table shows the changes from the previous
week aad a comparison with the two preceding years in the
•engea of the riew York Clearing House banks:

ISM
A-o*. 13.

Dtlfiur'neeM/r'n
Wtd,

1884.
Nov. 15.

dla.^MI.Qia.AOO
78.00%.30U
teoelts..

BltndMB.
a bald.

S.I16.I00
B5l.7itf.400

17.816.000
•87,aS9.890
»5,dSl.J00

been no general advance the past week, prices have been strong
as a rule, and a number of stocks have improved to a greater or
The activity and wide fluctuations of certain
less extent.
specialties (which would formerly have been called •' fancies"),
continue to be a marked feature in the dealings, and many of
them, especially the Southern stocks, have made further progThe booming of these certainly
ress in an upward direction.
has a considerable influence on the general market, but aside
from this influence the tone is good and the tendency in the
direction of higher prices.
The influences which may be said
to have a general application have been the settlement of the
Chicago stnke, the resumption of active foreign buyinsr, and
the reported increase of activity in the coal and iron business.
The most conspicuous of the special features has been Reading, various rumors and reports being circulated in regard to
the revised plan of reorganization, under which the price
advanced sharply. Another report stated that a conference

Tjei .3501 Inf. «2.^^^^.4»0 tt«.495.1S0| $37,474..%
hadJieeD-iieUl between Reading representatives on one side
CxeliaBce.— Sterhng exchange has been only moderately and Baltimore & Ohio and Pennsylvania on the other, looking
active and generally without feature.
Rate* liave been quite to an amicable arrangement for freight and other traflic. The
film, the actual rates being close to the asking rates at lune.s, other coal stocks were affected somewhat in sympathy and have
tliough the latter were advanced i cent by some drawers early been generally firm.
in the week, the quotations being 4 811-82 and 4 85-^. The
The Southern stocks continue to advance, and some of them
anivals ofjguld here are still a feature, and shipments continue have been very actively dealt in. Richmond Terminal has
from the uttier side; this week some $1,000,000 have been been the leading one, and the other strong stocks of this class
received.

To-day the

ratea on actiul busineaa were a* follows, viz.
Bankers' 00 days' steriing, 4 81i®481i ; demand, 4 84i@4 85.
Okbles, 4 e<H®4 851.
Commercial bills were 4 70^(34 79}.

Conttnental

bill*

were: Franca. 5 24|®5 25and 5 21i®5 2^^;
95(^951: iruilders, 30i@40 and

rdcbmarks, Hi<&9ii and

4UiO40i.

have been Louisville & Nashville, Memphis & Charleston,
Nashville & Chattanooga, Louisville & New Albany and NorThe grangers have
folk & Western common and preferred.
been generally strong;, especially Omaha, which has also been
the most active.
The Vanderbilts ros* to some prominence
late in the week, and advanced on favorable rumors about current earnings and probable dividends to be declared iu Decem-

The following were the ratea of domestic exchange on New ber.
Tirk at the under-mentinncd cities to-day: Savannah, buying
To-day, Friday, there was a phenomenal activity in Richf discount, selling i discount; Charleston, buying i dis- mond & West Point Terminal, which rose to 05 on immense
eeont, selling t>ar; N-jw Orleans, comuierrial, 125®150c. di.s- sales and closed at the highest figure; the com|)any was
reported to have purchased more than enough of Richmond &
emint, bank, 7V-. discount; St. Louit, 50c. @75c. aiscount
The rest of the marD.inville stock to control that company.
Chicago, 40c. di«c<)unt.

The iBtea

of leading bankers are a* follows

:

ket was tolerably active and strong.

THE CHRONICLE.

600
PRICES OF STOCKS AT

N. Y.

STOCK EXCHANGE FOR WEEK ENDING MOV. 19 AND SINCE JAN
,

HIGHEST AND LOWEST PRICES
8TOOKB.

Monday,

Batnrday.
Nov. 13.

Active

RR.

Stocks.

Canadian

Pacltlo......>>>-*>*>
CiuiH(la6<>iithoni...........--<
Central of New Jersey
Central Paoitto
.......
ChAAaneakfl ^feOhio
iBtpref...
Do
2dpref....
Do
Ohloftgo A Alton...
Chicago BurUnirton & Qulncy

Chicago Milwaukee & Bt. Paul.

70

Nov. 15.

70
4714
lOia
191a
121s

Do

pref.

Do
Do

Ist pref.
2d pref.

3II4

3112

86%

.

* West'n

Lake Erie A We.st.. as.n't iraid.
Lake Shore & Mich, eouliiern.
Long Island

Louisville & Nashville
Louis. New Alb. & Chicago...

96
59
671*

95^8
•5714

& West

Do

UlnneapoUs & St. Louis

Do

pref.

^
pref.

Mlssonri Kansas
Missouri Paoltlo

di Texas

1278

•12

Ho"

13

1314

142

I314

Nov. 19.

18.

70% 70%
641*
5279
•471*

05%

2514

11%

3178

88

3178
'85

25I2

25

1979
•12

13

142

11%

11

91
22
481a
3579

35

37
135

96
6OI4
6778

166
5212
9578

*96
5979

35

97

61%
67% 69%

163
52

1651a
531a
"

•sfii'bg
9018 92

59
91
22
481a

36%

•2114
481a

36

21%
481a
361a

96I4
6178

69

87
25
12

32%

36%
134%
17%
17

96%
96%
62%

69I4

163% 165
53
96

3214

"2'5H "2'5ii
12
1214

5314

96

"1714

"17'%

16% 16%'

96I4

96%1

96%
61% 62%

96

6978

6979

I21I4

36% 37
133% 133%

Lowest

3,060 61 Feb. 17
37,855 34% May 4
33,160 421* Jan. 18
450 38 Mar. 24

750

7

5,187

13

435

142

116

127%
15

35%
50

116%
75%
45
142

34%
1379

76

32%
86%
25%
3s%

12

96% 97

02%

6214

6278

15

May
Jan.

70
70%
163% 164%
37% 60%

70

961*

59
93

.59

92%

9679

61
95

80

64

50%
IQI..

400 22

J.in.

ii7i4

20 100

Jan. 28
18

50i4Jan.
2314
23% 2379
I6I4 Mar.
23% 23
51% 50
50% 5078 51 14
40% Mar.
37% 3678 37% 36% 37%
21 May
116% 116 II6I4' 1161*116%
100% Mar.
20%! 197s 20
19% 197e 2,943! 11 May
89
88% 89% 87% 89
36.759 43I4 Apr.

northern Pacttto

Do

pref..-.

Ohio A Mississippi
Ohio Southern
Oregon A Trans-Continental
Peoria Decatur A Evanavllle.
Philadelphia A Reading
.

81a

878

8%

2458

24

21

21%
50%
29%

2II4

50

29I8
6378

30

20I2
36I4

6414

30%
2012

36%
32% 3314
36% 37

914

241a

21%

50%

5078

29
64

29 14

5078
2914

641a

pref
1st pref

Bt.PaulADuluth

Do

641a

Bt. Paul Mlnneap. A Manitoba.
Southern PaciHcCo

Texas A PaciUc, trust cert...
DnlonPaclHo
Wab. St.L AP.,P.Com.ropts.

Do

pref.

'sf
22
6OI4
2II4

38

iniBcellaneoUB Stocks.

Colorado Coal A Iron
Consolidated Gas Co

217g
5178

29%
64% 65
30% 31%

51%

3618
8576
1061a

"ss^ "5'2%

6413

371^

6314

6414

6378

64%

63%

22% '21% "2214
60% 60% 60%
21% 21% 21%
38% 38I4 38%
36
36%
37
86I4 86%
87
10678 106 106%
3918
37% 38%

3714

21%
60%
21

38I4

36% 36%

Dnlted States...
Wells, Fargo A Co

"si'ii

878

63781

29

64%
33

34%

2014

20 14

36% 37%
3278 33%
39

3973

13% 13%
"'49'%

62%

Builalo Koih.

A

11

Pittsburg....

Cedar Falls A Minnesota

Central Iowa
Charlotte Col. A Aug
Cincinnati Wash. A Baltim're.

Do

pref.
Greenville, pref..

A
Co
A Essex

Columbia

New York

Lack. A Western
Oregon 8hoi*t Line

15

6i8

10

11%
3OI4

15

43% 44
•579
6%
10
48

141
108
64

"54

87

88

10
48

Virginia Midland
Cameron Coal

HomesTake Mining
Maryland Coal Co
Central Coal
Tennessee Coal A Iron

1078
•30

'16%

•22 la

34%
pref.

571a

24
"ss"
5712

18

42
26
18
18

171a

17%

40
241a
l-7ia

89%

11
32
17

107a
>30

1178

32

16% 16%

24
24!
31

36%

103%

142%142%
34

34

2476

14
36

14

15
35
59

15

24% 34%l
14% 14%;

36

17%

92% 93%

36%
85%
107

40

107%
5479

129% 125% 127%
I4314 143%

78%

32

78% 79
141

110
64
131

n28
12% 13%
2978 30%
17

14

'lOR^ 107

2579
•1714

714

17%

2414

27
18"'

17% 17%
17% 18%

62

17% 17%
94
96%

1779

93

no sale w^as madu at the Board.

18%!
96

m 143

10514106%

...„. ...„.

7%

*37
37
01% 62%! .61
411* 41%l 40
26% 27% 26

40% 44%

18
1779
1778

54%

5478

1278

37

1778

;

12
•30
•15

Feb.

1

25
25!
25;

Nov. 19
Oct.

'-"r«'ki

24%
39
62
43

26U

"I'n"

"13% "ia'h!
•37
38

62
43

62%
47

25% 27%
•'I's"

"19"

18% 20%

1914

95

95% 96%

9614

2014

16

Nov. 19

Nov

3

June 10
2379 Nov. 19

51% Jan.
3778 Oct.

9%

4

6
14
Nov. 11
Nov. 18
8cpt. 20
Oct. 18
Oct. 18
Sept. 24
Sept. 24
Oct.
5
Sept. 29
Nov. 16

Oct.

25% Nov. 18
22 M Nov. 19
3-2% Nov. 19

29% Jul v 27

3

34% Nov. 19
/2^ Nov. 4

24
24
24i
5i

3

Mar.

1

1

Jan. 18

May
37% May
97 May
37 Jan.
304 99% Jan.

18.

4
27

27I4 Sept.

25
17

Nov.

95

5
3

65

Nov. 16

37 34 Nov. 17

34% Nov. 19
40% Nov. 17
1514N0V. 15
200 Nov. 15
61 Nov. 19
88

Nov. 19

36% Nov. 16
72% Nov. 15

51118% Nov. 13
Aor. 12
June 16
936 106% Jan. 19 124% Oct. 14
l,245l 30 * Mar. 17 41% Apr. 24
34,195! 17i4 0ct.
1 23% Oct. 16
49,115 44i4Mar. 241 63% Oct.
o10,270 12 May 14 2179 Sept. 20
25,557 23% May 20 38%Sepi.20
21

May

747.

18 67
26!114

.Tiiiie

4 37
Nov. 13
3 111
Feb. 8
18!l08%Feb. 13
4,331 16 June 8' 40 Nov. 10
7,490 93 May 4 109 79 Sept. 14
Feb. 23 67
Jan. 2
7,394! 49
33,194! 10278 Oct. 14 130% Nov. 17
845,128 May 3il47%Oct. 14
69,514 60% June 9 79% Oct. 30

12,827
4,775

4,695' 87i4Jan.

5 138
Aug. 21 150
519 101% Jan. 28111
101! 51
May 15 66
50 119 Mar. 26ll30

50,850

331
5.50

Feb. 12

Aug. 10
Feb. 26
June 22

7 May 4 13% Nov.
22% Sept. 23 30% Nov.
11 Feb. 13 19% July
13 Mar. 24 22% Jan.

19
11
29
5

15

18
19
10
19
June 18
Jime 1

"

142

34
7

18

36

85% 85%
106% 106%
38
38%
108
107%

619
16,296
7,475
2,280
2,540

I514

24%

26I4

88

3579 36
7II4 71%
711*
II714 117 11714
6314
62% 63%

131

6

a

June 21
Nov. 1»

1579 1579
15% 15%
1,677
300 30 Jan. 29 44 Nov.
6' '"6% "'6% '"6% "6% "'6% "6%
2%JunelO| 6% Oct.
7,350
5 July 21 12 Nov.
10% 10
20.680
10% 10% IH4 11% 12
42 Feb. 25' 55 Nov.
50
200i
107% 112% iii i'lsio i'l'fi Vdi" 125% 125% 2,3iu!l05 Nov. 12 125% Nov.

14%

2478

36
57% 59
42% 45

'65' 226,950

36%

i

"e
10
50

105
""6% 34
7

25%

9012

These are the pr ces bid and asked

6%

'

•138 141 •137
IO714 10714*107
*60
•61
63

128

16,841

636 75

"5'3"

111

24-

*"5i^"'6ii

pref

Do

*

4278

..

South Carolina
Toledo A Ohio Central

New

15
4278

6
10

1078
3014

•16% 17

17
15

i42" i42' 142

Qul&sllver Mining Co

Do

11
3OI3

ids" ids'

Jollet 8t«ei

Morris

3OI3
*16i3

9%

25% 12,054 17% Jan.
21% 22% 17,920 8 Mar.
51
52% 48.830 25 Jan.
29
291*
5,127 22 May
641* 64% 24,175 53% Mar.
3378 34% 47.605 19% May
20% 21% 1,375 13% Mar.
36% 3714 57,920 25 Mar.
3379 34% 10,811 16 Mar.
3914 40%529,275 18% Feb.
13% 13% 9,350 2 May
25

2914
6478

Inactive Stocks.
AtlanticA Pacific

9%

9%

24% 25%
20% 21%
50% 51%

36
36% 35%
85% 85% 851a
106% 10678! 166I4
36% 37% 3714
107% 108% 107%
5479 55
54%
124% 130% 127%
143% 143%
77% 78%i 7778

•140 143
141 141 '138 141
1091a IO913 107 107% 107 108% 107
6II2 •61
64
61
62% 62% •61
•127 130
129% 130 •128 130

American

9%

•110 111
111% 111%
119 119
.1 II8I4 II879
37%
37% '37% 37%i •36% 37%' 37
2178'
2178 22%! 21% 22%' 22% 23
6178
617a 62%1 62% ti2l«
61% 62%
2II4
2II4
20% 20%
21
20% 21
38% 37% 38
38% 38% 38% 38

llOiallOia IIII4IIII4 111
118% 118% 11878 119

86
86%
IO6I4 106%
Delaware A Hudson Canal...
Oregon Iiuproveuieut Co
38 13
37
37%
Oregon Railway A Nav. Co... 107% 108
107 107% 107% 108%
PaciUcMall
54% 55I8 54% 55% 54% 5478
Philadelphia Co., Nat. Gas ... II6I4 II914 Xll8%120% 120% 124%
Pullman Palace Car Co
14378 144
143% 143% 14414 I4414
78I3 79
Western Union Telegiaph....
78
78% 78% 7878

Express Stocks.
Adams

379

24%
20% 211*
50% 51%
29% 29%
64% 65
3178 32%
20% 20%
3678 37%
32% 33
39% 40%
13% 14%
24

•86
88
87
87
87
3514 36%
36% 36%| 36
7II3 72%
72
71% 7178 7II4 71%! 7II4
701a
116 118i« 117 1171a 117% 117% 117 117 ;*

"llOialll

pref

9%

24%

30% 31
20% 20% •20% 21
35% 3612 3614 37%
33 14
33% 33% 33
3678 37%
37% 39%
14
I514
14% 1478

11 '8 1378
Richmond A Alleg., receipts..
Biohiuond A Danville...
175 181
200 200
...
Rlohm'd & West P'ntTerminai
49
50% 5178
501a
86
Rome Watertown A Ogdensb'g 88
88
86
Bt.J.iOUls A San Francisco
35% 3512
341a 3512

Do
Do

914
2414

22

Q

71% June 3

.

24

Ian

2878 Jan. 5
2214 Oct. 19

116
116 11638 11578 116% II6I4II7
24 119
Mobile* Ohio
21
21% 21% 21 14 20% 2II4 20
22 21%
86I4
Nashv.Chattanooga&St. Louis
83
85
86
87% 87%
85
29 89%
New York Central & Uudson. 1131*11378 II3I4II312 113% 113% 113% 113% 113% 113% 113% 11378 3,869 98% May 4114%
15% 15% 15% 15% 15% 15% 11,743 4% Mar. 24! 17%
14% 15
14% 15% I514 16
»ew York Chlo. A St. Louis.
2714 27%
Do
pref.
27% 29% 29
29% 28% 29% 29% 2914 22.615 11 May 41 31
271a 27%
Sew York LakeErie & West'n. 3568 35% 35% 35% 35% 36% 35% 36% 3578 36% 36% 37
80.840 22% May 3| 37%
76 14 76% 76
761*
76
Do
pref76
76% 76% 76% 781* 78
78% 4,619 50% Jan. 18' 81%
621* 63%
6214 64%
621* 63%
Kew York & New England .... 60% 62% 5978 64
62% 63% 115,435 30% Mar. 24! OS %
201* 201*
Hew York Ontario & Western. •19
20% 19ia 191a 19% 2014 20
20
20% 20% 1,713 15 May 3 22%

Hew York Susq. & Western. ..
Do
pref.
HorfolkA Western
Do
pref

18

24
29

21% Jan.

90,055! 33% May 3 627g
3,330! 32
Mar. 25 70%
12,513! 120 Jan. 2 175
33,000! 29
May 19 60%
10,402 fil In Mn.v 4 97

9,304
15,670
13,480
64,095
11,055

Sept.
Sept.

Ti'i jr^ia pai,

600 67% Jan.
4,620!
8
1,1^01 25

3.030

Oct.

6679 Nov. 19

r»^.t

6,6051 211* May
8,099| 11
Oct.
67 Sipt.
28 Sept.

13,133
23,954

151^1"

73

Mar.

May
Mar
May
Mav
MaV

l,8.->0
914 Mar.
3,485 26% Mar.
62,955 35 14 .Mar.
6,900 97 -Mar.
12,420 43%Mar.
68,958 267g May
124,260!ll5 Jan.

460

97

*38
9178

1886.

6
11! i5iiFeb. 13
17 146 " Aug. 11
15 1401* Nov. »
4 99
Sept. 20
3 12.'i3. s<.i)t. 20
4 120% Nov. 19
18 144
Aug. 9
14,131 Feb. 17
24! ISMJan.
5
24 36% Aug. 7
24 .55 Nov. 19
24 116% Nov. 19
24i 75% Nov. 19
3| 45
Nov. 19
19,143% Oct. 18
4 35 Sept. 30
9 14 Nov. 16
17 77% Nov. 17
17 32% Nov. 17
29 91% Sept. 15
4 25% Feo. I
16 13% Aue. 20
23! 38% Nov. 19

735 135 Jan.
487 120% May

1,762

fi

Apr. 301

8% Mav

37il38
1,704 128%
79,653 82%
2.6'20

Mav

18

•96
611*
6979

1,

Highest.

"17% "17% 1,848 12 July 17,
16% 16% 1514 15% 11,375 I414 Nov. 15
96% 9714 9678 9714 46,585 76% May 3

•17

1886.

1,

Range since Jan.

120% 158,730 104 14

37

1178

164% 163% 164
52% 54
54
58
95
96
95% 97
59
92

95%

32%
86%
25%
11%

163

58% 68% •57%
91I4 9178
91%
21% 2214 2214
49%
48% 49
36% 36% 30%

13

I4OI4 1401*

32% 32%
86% 86%
25
25%
1178

20
144

144

lio" 139% 139% 139% 140

32%

6678

53%
47%
10% 10%

j

311a
*85
251s
•11

70%

5276
•47 14

19% 19%
*12

Shares.

6979

66

53%
47%
10

10

Week,

9478 95%
95% 96% 95
12078 12078 121
12114 121

36%
134% 134% 134%
17% 17% 17% 17% 17%
I414 151a
15%
151a 18
9618 96%
96
96% 96I4

Manhattan Elevated.consol.. 163
Meniplils Jc Charleston
52
ftllohlgan Central
Mil. Lake Shore

1278

Nov.

Friday,

95%; 94% 95% 95%
121
120% 121
121
118% 119% 119% 120% 119% I2014 119% 120%' I2OI4
141% 141% 14178 142
143% 143% 142 142 1*141%
•12612 1271a 127
127% I2714 I27I4 127 127
127%
14
14% 14% 14% I414 I414 14% 14781 1478
33 13 3378
337g 3414
33% 34
34
35% 35
52% 53% 53% 54% 5278 54
52% 54% 5378
113^114
114 II4I3 114% 115% 115 116
116 116
116
7278 73I4
72
73
73
73
73
72
73
74
74
4OI3 4118
40% 41% 40% 41% 40% 42I4 41% 43% 43
140 14118 139% 140% 14^14 141% 140% 141% 140% 141% I4114
33
3413
33% 34% 33% 34
33% 33% 33I4
331a 34 '4
I3I3 13%
1379 14
13% 137e 1378 14
13% 1379 13%
'^'^'0
7478 75's
75
77
76
76% 75%
747s 7514
ZS
94'8

EransvlUe & Terre Haute....
86%
2518
Fort Worth & Denver City . .
11
Green Bay Wluona A St. Paul.
37
HoDSton Jc Texas Central
135
minols Central
Indiana Blooiulngt'n

10
19

139% i393i i4d" i4d"

95 la
121
prei. 121
Do
118iall9>4
Chicago di North western
pref. *14I
142
Do
Chicago Rook Island Si Paoltlc. 127 14 127I4
Pittsburg. •14
Chicago St. Louis A.
14«t
33 14
33
pref.
Do
.52 la
53%
Chicago St. Paul Hlnii. & Om.
ClevelandCol.Cln.&Indlanap.
eoluinliUB IlockiUf! Val. ATol.
Delaware I-iackawiiun a A West
Denver& RloG.. aasessni't pd
East Tennessee Va. & Ga. K'y.

Nov. 17.

70% 70% 70% 70%
64% 65
64% 65
5278 5414
52% 54
•47
47% *47% 47%
*10
10
10
10%
10
19% 19% 19% 19% 20

6476

Sales

.

of the

Wednuday,! Thursday,

70%
65
52% 53
47% 4714
70

65
52 14 5316
6478

4714
*10
18'8
1213

Tuesday,
Nov. 16.

XLin.

[Vol.

9 144
260 100% Jan. 20 109
Oct. 9
300 19% May 8 38
600
4% June 21 8 Jan. 6
20 May 17; 29 July 161,720,
310 10%Juue24l 16% Nov. 1
510 26 Oct. 10 37 Nov. 17
543j 13214 Jan.

40i4Oct.
15 Mar.
9 Jan.
400 17 Mar.
978 Apr.
990
13,110
9 May
8,058 38 Mar.

1,783
7,632
23,232

15

62%

25

47

13
13

27% Nov. IT

4
25

2OI4 Nov. 19

23
20 20

Nov. IT
Nov. 19
Jan.

6

Nov. 10

96% Nov. 16

November

TBE CHRONICLF.

20. 188Q.]

PRICES OF ACTIVE BONDS AT

N. Y.

STOOK EXCHANGE ON FRIDAY, AND RANGE SINCE JANUARY

{Range Since Jan.

Olo$i»0.

Sange

CloHni.

1, '86.

'

LowesL

Highest.

A'or.

12

19

A'or.

Lowest,

Highest.

j

AU.*P«c., W. D.— lBt,6«, 1910 86

SB's

U.

30%

28M

W. D. Inc.. 6«. 1910
BurL a Rap. * N. lat.

\

,'8. 1906 108!%
tT,5«, 1934.... ItU"*

I

82

20H

108'ab.!l07

90

Mar.
Mar.

illl

103
112

I

|

'

122
119

Aug.
Jan.

Oit.

May

1261* Sfpt.

100
109

i

Apr
June

100% July
94 Feb.

97^ Nov.
115>aHay
121
124
115

1

Feb.
Oi>t.

Nov.
85% July
e3>t July
89 Mar.

I

'

,

72 May
83 b. 83 b., 72 May
96 b 95 b.l 59 Feb.
97% N.iv.
Luid grant 8>ta. 1911
20 Feb.
48 b 48
49 Oct.
iBcoan 7s. 19.!l
42 lab. 12 Aug. 431s Nov.
B.lVn.V.*(ia.-lst, 7s, 1900...
131 >ab. 118>aJaD. 126 June
07T„
B.T8n.V.A(i. By.-Coo..5». '.•»« OTit
9418 Sept 98 Nov.
BUb. Lex. a B. Ssodr-t's, 1902. 104 b 108%a. 99 Jan. 110 Aug.
132 b. 129 Jao. 139>sJnly
Erie— IsL eooaol. gold, 7s. 1920 131
Long Dock. Ts, 1893
117 b 114 Mar. 120 Apr.
Oon. fle. »9S.S
114JsApr. 1124 July
1...
__
JfV- r -.•
76Tgjan. 103% Sept.
102Te
..n.6s, ex 0.102
.
75'«b.i 761.1..,

.

I

19*t9

ritut.

»*>t

6«.'21 117

.>na.

110

a«, 1023.

A Pete Marq.-Os.

1920

77%Feh.

96% Mar.

llSieb. lll>«Jan.

l'.20isJnne

t

b.
b.

110

b.

llHiab.

..

103
116
81

Jan. '112% Nov.
Jan. [122% Aug.
Jan.
95isN.)T.

rv W. ADenr. C— l*t.6a. 1921 OS
94%
OaLHar.A 8ao.Ant.-l*t, es.-lu 108>tb. 106 b.;107 Sept.
1U8 Jan.
3dM..7«.190J
113 b.|
Wmrt. mrl'lnn— Ist. fts, 1931 I0> b.
92 Jan
80 Jan.
Or't
i--lst,as,l»ll.
88 b.l 80 Jan.
J.I
S64h
911
34% Feb,
T.iD. 116% Jan.
Oolt I'oi. A H
Fe— lst,7s. 1909
86% Jan.
OohLOa. 1933
Hsn. * «. Jn. Cnniinl Rn. 1911
b.ll9%Jan.
r
nn].!.
'4
108% Apr.
I

.

I

116

94

42%

103

97

8e t.
July
114% Aug.
108% July
105 July

Jan.
Apr.

l.>l%b. 100

Feb.

lb
b.

.

:),

M.eotiOfo. nx't
DJ. Central-

.on.

10.5

lifl

Wit
1

e.>M. 48,

•!

1951

ast L.AN.O.—GotdSa.I9.M
AW.-lst,pnf.,7a. 1900

lat,fr«s,1909
Sd. S-6s. 1909

KMtefB DlTlPloa-6«, lOZl.

I

.

lBeanM.6*, 1931

Brf.D.AHpr

Ino.l906.tr.reo.
lat,6s,gold,'I»
MJ9

iBi A

Co

87 %b. 76 May
94% June
07 b SO Mar 71 July
67%
110 a. 100 b. I06%8<>pt. 110 Julie
100 b 102 a. 90% Nov. 102% June
112 Jhu. 120% Aug.
116 b 117%
11«>*
i:e%b. 116 July 120%Aiir.
8'<%July 104% May
95%
94
85
H2%b. «6%July 00 Mar.
8U July I0.'i% Mur.
»5ia
93%
29 b. 29 %b. 21% July 41% .Mar.
41
Oft.
37 b 37 a. 20 Feb.
115
116%l>. lit Jan. 119
Oct.
94 %b. 84 Mar. 96 Frb.
9314
Mar.
68 %b. 59% Feb.
71
08

90

OoU.S>».1951
tod-Bl.

b.

,

'lamped 4s, 1011
Kaoxr. AU. -lat,«a.gDld. 1925 IO'i>9l>. 102%
I^toErteA W.-I«t.Ma. I9I9. KM) l> 102 b.
35
tneonw, 78. 1899
31 t.
Lafny.Bl. A M.-lat. et. 1910 .. 102^8)). 104 b.
49
In<«iiw.7*. I8!»9
LakeSti. r n
\.
••.7«.I90O 130i«s. 130 a.
Kao'

..

'

86%
91
20
91

31
127

.

•

i

«7

:i...

B.

119
107

b.

Out.

108
117

114%

la'

Loo. a Null.- • uu..<.i .. 7s. 1808 110 b
N. O. A.H'.bll'^lal. 6>, 193U 10S%I>.
iHl.6a.l930
E.B. AN.-lat. 6», 1910
113 b.
Ocarral. 6s, I9J0
109
Trurtt B<in.1«. es. 1922.
10.j%

Aug.
Jan.
Jan.
Jan.

119

1
1

Jan

99
94
86
114%h. 112
'

May
May

July

98%l>.

)-4%

May

.

gold.

rtro. Elevated.— lit
9d.ea
"

l-i.«9

«1.

v£h
_cl.
1st
Mlas'rl i'uc.

l.-t.

b.

115 Jan.
119 b
Ill a 110 a 10^% Jan.
".^..78.1911
48 a. 92 l>.; 34 Jnn>
7s. '02,127
137% 126"^ Nov.
107 Jao.
19201118%" 1131% 108 Jan.
C011.1.. 6a.
Oa,

1^08

lf</TK -rb<< lotle- b la licatca prioo

105
'

35
107

!

f*.

pi

Nov.
Ki-

..

50%S<pi
134% Jim.
127
130
115
125
107

95%

May
Har.
July

44%
35
28

123 b. 125
85%
1911 Vi^
1913 130 b l;<0%b
1893 104%b 1061.2a.
1903 137 b. I37;!ja.

133

117

"bl.l."aadapriae"aA'col:"

35

Apr.

Jan.
Jan.

Aug.

127

90%

June

June
Mar.

130% Nov.
108% Apr.
Jan 11
140% June
Sept. 112% July
't.U
Jan.
Nov.
L.

"39

Oct.

May

Jan.

99% July
73% Oct.

Jan.

Nov. 130
Jan. 133

130
109
88
69

Jnne
June
June
Mar.

June

Mar.
Aug.
10358 Aug.

82% Nov.
115% Aug.

99% Jan.
87% May
111% Jan
91% Jan.
105% July

113%

,

!

I

I

I

I

;

1

.

—

i

1

;

I

:

1

1

:

{

I

1

Oen'l mort.
80.

<.'8.

Carolina— IhU

1U21
6a, 1620

!

Inc.

47
106
83

a.
b.

1

27%

1031

6s.

48

1106

2d. 6s, 1931

—

!

b.
b.i
'

I

29
102
82

49% Not.

July

113

Oct.
Sept.

90

22%Juno

20%

Mar.
Feb.
Jan.

80. Pac.. Cal
lat, ea, 1909-12
110%b. 110%b. 105% Jan. 114 Sept.
Sow Pae., Art.— Ist, 6a, 1809-10.. 112 'b. lll%b. 100% Jan
106% June
80. Pao.. NJ>1.— l8t. 68, 1911. .. 1118 b.
100 Jan. 108»8 Nor.
61% Aug.
T<-x.-^k*a<j*-lnc.Aldgr, 78.'19 SS^a
S8%b.. 34 May
RloGrandeDlv.— 68, 1930... llHtt.l 74%
45% Jan. 74% Nov.
Gen. mort. A term.. 68. 1909.. 65 b.| 60
34% May 00 Nov.
Tex. AN.
Sab. DIv.. 6S.1912 103
|105 a.l0O%jHn. 107% July
Tol.A.A. AGr.Tr.— lat, 6a, 1921 103%
May 107 Aug.
[101
Tol. A Ohio Cent. -lat, Sa, 1935 9«% ilOO b.' 92%Jan. 100
June
T.)l. Poor. A West— Ist. 7s. '17
104%b. 105%
91
May 106 Oct.
Inmu P»eiflo-l8t. 6s. 1896-9.. 116 b.116% J114 Jan. 119% June
Lanil gmnt, 7a. 1887-9
101%b.'lOl%b.;104S8 June 106% Feb.
Sink:
-s. 1803
117%!). 118
110 Sept. 1123% Feb.
Kan
b.lll b.;ilO%Oit. 114% Jan.
^i, 6s, 1895.... 112
|

O—

|

.

1

\

:

8<i)t.

Apr.

I06%b.

99 % Jan.

106%

113%b.

lei.

Denvui l)|v.-6s, 1899
lat conaol. 6s, 1919
fircffonsb. Llne-lsr, 6a,

97''8

09 % Oct.
109 July
97 Nov.
65 Aug.
99% Nov.
90 Nov.
91 Mar.

IIIISbIi.

107%
106%
..! 95%

'22..

.l.-liip..68. 1927.
V Pa<f- Gcn..tls, '201

i.ivUon— 5s, 1910...

64
94

a.

I.,.

DIv.. 7s,

|

110
Jan. ,118
1

Feb.

53%

.Inn.

b.

44

94%1).

S-l

Jan.
Jau.
Jan.

97
64

u.-lr.iii DUUlou—6«. 19:^1....
85%
89
Wab.sh— M.irlg8ge,7«,1909..i
85
A Wab.— l»t, ext.. 7s. '00 112%b. 113

Tol.

1st. St.

110

114>%b.!ll3

78

70
110
107 b. 100
I01%b.| 97
95 b. 84%
112%b.'l09%
101%l>. 90

1889
108
2d, extended. 78. 1893
102
June
Con., conv., 78, 1907
Apr.
93''8b.
Great West.— 1st, 78. 1888.... 112
Nov.
2d. 78. 1893
102
Apr.
8t.LK.C. AN.— B.eAr..7a,'99.1
110
Mar.
WeatSbore-fjiiar.. 4e
Oct.
101% 103
all ot!i.!r prirea ami tbu rangd are from actual sales

111%

Nov.

125 Jan.
107
Mar.
[103
85%b. 76% Jan.
52 Jan.
«2
108 b. 100 Jan.
82%
51 Jan.
111%'). 104 Jan

100

48%

Feb.

June

74% Nov.
44% Nov

106%Jan. 113

108%

Jntu:

123

118
75
123
104
134

\

li'O

113%

116
106

Nov 31
104% Jan.' 116

b.

,

.Mar.

Nov.

Apr.
Feb.

July
105% Nov,

119 July
l»9 b.|
101 July
Imp. A extension, 68, ll'34
120 Jnne
North.Paoillo— l8t,coup.,0e, '21 116% 1116%
lc.2%b.!l02%
103 "s Sept.
Qenl. 2d. ooup 1933.
109 June
James E. Val - 1 at, 6s. 1036. 108 b
105''8
102% Mar. 109 iSs June
104%
N. Pao.Ter.Ca— 1st. 68. li»33.
"~
120 b. 118 Sept. 1125 Feb.
Ohio A Hiss.—ConsoL, 78, 1898 120
2d. eonaoi.. 7s. 1911
110% 121%a. 113% Jan. 1120 Nov.
91
Feb, 110% Nov.
Bprlngfleld Olv.— 78. 1905 .... 99 b.jllO
87% Feb. 94% Mar.
lat, general, 58. 19S2
90%b.!
109
97% Jan. 107% Nov.
Ohio Southern- Ist, 68, 1921. .. 107
34 Jan.
46
2d,ino..68, 1921
49% Not.
47%
97
84 June 99 Mar.
Oregon Impr. Co.- let, 6s. inio 97%
Oct. 114% Jane
Ore. E. A Nav. Co.— 1st, 68, 1 009 1 10 %b. 1 1 0%b. 110
102 Jan. 108% Mar.
Consol., 5-, 1925
107% 107
Ore«on A Transoon.—68, 19'22. 101
92% May 104% Oct.
101%
Feo.Deo.A Evaor.- I8t,e8. '.O. 115 a 114 b. 103 Jan. 119 Juna
43 Jan.
Ineome. 6s, 1020
80 b. 82%
82% Nov.
EvansT. Div 1st. da, 1920... 108 b. 111 a. 100% Jan. 111% Jnne
44 Jan.
82 Nov.
Income, 6s. 1920
79%b. 82
Fenn. Co.— Guar., 4%', eon , '21 106%b. 10(i%b. 102% Jan. 108% Aug.
Pitts. Ft.W.ACb.-lat,7s, 1012.1
142 b. 141 Jan. [145 June
2d, 7b, 191'2
110 b. 140%b. 138 Sept. 142% June
RIchAAIl.— 1st. 78. 1920. tr. rec 77
78
65 May
80 July
Rli'hui. A Dan.—Cona., 6a, lOl.'S 111%
119
111% Jan. 119% June
Debenture, 6», 1927
112 b, 18%
86 Jan. 114 July
Debenture, aasented
108%b. 106%b. 106% Oct. ,100 Nov.
Roob. A Pitts.— 1st, Cs, 1021... 115 b 115 b. 113% /an. '117 June
Consol., 6s. 1023.;
108 b, 109 b. 105 June 112 Mar.
Rome W. A Ogd.— 1st, 7s. 1891.1
111%1>. 110
July 117 Mar.
Consol, extend., 6s, lt«22
101
101 %b. 87% Jan. 103
pt.
43 Jan. 100 Oel
Inoame, 78. 1932
98%b.
It.
8t Jo. AGd. bl.— lat, 6a. 1925 .Il07%
107% 104 Jan. 110% Apr.
2d, ineome, 9s. 1929
71%b. 71 b. 99% Jan.
74% Nov.
t I.,. Alt.A T.H.— lat. 7s. 1894.
..119 Oct. 119% May
2d, M.. pref., 7s, 1894
110 b. 110% Oct. {114 Ang,
2d., M..lno., 7s, 1894
109 b. 103% Jan. 108 Har.
Dividend bda, 6s, 1894
33 Sept. .50 Feb.
40
110 Aug. [118 Jan.
8r. L. Air. Mt.— Ist, 7s,l892...1112%b
Aug. 119 Har.
2d mort.. 7b. 1897
|ll3 a. 112%
111
Oem.Kr. A landgr., 98. 1931. 08
98%a.| 90 Apr. 100 July
8t.L. A8anFr.-6a., Ct A,1906
Jan. '118 July
;113 b. 108
6a, Class B. 190 (i
ill4 a. 114%b. 105% Jan. illS July
113%b. 105% Jan. 117 Jnne
6a.CUaaC, 1906
Oenlmort, 6s, 1931
90% Jan. 113»8N0V.
;111% 113%
Bo. Pao., Ho.— Ist. 6s. 1888... 104
103%b. 103 Jan 1< 6 Jnne
St. Paul H. A M.— 1st, 7s, 1909.
112 July 116 Mar.
2d, 68,1909
120 b. 119 b. 118 Oct. 122% Feb.
lstoons..6a. 1933
122
123 b.;il5 Jan. 126 Jane
Sheaaodoah Val.— lat, 7s, 1909: 94 b. 90 b. 70 Fob.
98 Nov.

Fib.

99%t)<t.
120 Jiui

1 36
100
102

May
May

53
32
30
25

Nash. Ch. & St. L.— let, 78,
N.Y. Central— Extend., Ss,
N.Y.C. AH.-lat, cp.. 78,
107%
108% |109
Debenture, 58, 1904
N.Y.AHar.—l8t,cou., 78. 1900,133 a ,132 b 133
84
97
N.y.CMo.4St.L.— Ist, 68, 1921.. 96
54
N.Y.CityANo.—Gen., 68, 1910. 70 b.[ 71
,123
N.Y.Elevatod— l8t,78, 1906....I124 b. 126
N. Y. Lack. A W.— lat. es, 1931.1130%a. ISOi^a. 125

Nov.

June 111;% Apr.
llW%b. 100% Jan. 109% <>. I.
9.<
X..V.
KHI
Jan. 106

l«t.6«. 191n 110%b. Ill%b. 100% Jan.
95%li. 94% Oft.
1916...
C
97
106
102 May
Matu. A C-li'l-Iun-6^
lO.M IIM
a.

105%Jn]i..

Jao.
Jan.

110% Jao

I25lib. 125''»b.

C<>i

LtiiK

10
I»«

Mur.

125
112

:

,

Nov.

128% June
106% Sept.

!

l»l,wn.

Ooi.

107% July

1

H..V
1-

June

110% Mar.
103

"

II.

68.

May

104

121% June
120% May

lllisJan.
b.jlOl
Jan.

74

I

.

lilt.

f.,

"

105

1

140
113

106% May

72i4MBy 93% Oct.
Oct 118 Jan.

9258

US

Construction. 5e, 1923
June
121 June N. T. AN. E.— l8t, 78. 1905.... 128 b
111 June N. Y. Ont. A W.— Ist,6». 1914.. 109 b.
09 >s June iN.y.Sns. AW.— l8t,68,'ll.op.ofl 83%
108 >4 June
Debenture, 68, 1897, coap. off
Hldlandof N.J.— Ist, 68. 1910il06 a.
1431s Jnne
l79=8b.
N. O. Paeiflo— 1st. b's. 1920
140 May
I'il
Norfolk A W.—Gen'l, 68, 1931.. lUigb.
Mar.
112 Jan.
New River— let. 68. 193'i

•

Moani vpHKin

1st. 78, 1918
Mutual Un. Tele.—S.

M^;-.

llOif July
10.)
Apr.

112719 Aug.
1107
Jan.
Ill3
May-

109%b. 108

136

'

Fi

ConsoL. 78. 1904-5-6
Mobile A Obio— New, 68, 1927..
l8t. Exteneiou, 68, 1927
l8t pref. debentures, 78
2d pref. debentures, 78
3d pref. delK-ntures, 78
4th pref. debentures. 7s
Morgan's L. A T.— 1st, 68, 1920.

Mar.
981s -Nov.
1271s Apr.

—

Etui

91%
110%

C0B80I., 58. 19-20

lOTig Mar.
Feb.
Feh.
Jan.
411s F,-l..
lOa Feb.
il02
Xov.
12114 J„n.'
1!0>4 Apr
1OII4 July
lOlii Julv

;

llB'sJan.
Mo. Pao.—(Cont'd)-3d, 78,1906
104 b.ilO'lU 103 "4 Aug.
Pao. of Mo.— l8t, 68, 1838
112iaa. lllial'. 109
Oct.
2dmort,78, 18M1
;10(ii-jb.jl02
Get.
Mil. & Nor.-lst, M. L., 8s, 1910
103 b.
jlOO Jan.
iBt. ou exten., 68. 1913
a.ll2>sJan.
1921.115
Mil. Lk.Sh. AW.— l8t, 68.
lU5
MiohlganDlv.— l8t, 6s, 1924.. lli^e 113 a.jl06%Jan.
Aug.
Minn..A8t.
l8t, 7s, 1927.... 13.i%b.|133 b.!l28
91 b.; 93 b.| 90 Aug.
Imp. & Equip.— 68, 1922
1(0 _b. 101 b.ilOl July
2d. 78,1891
104''8
8758 May
Mo K.&Tex.—Con., 68, 1920... 103

L—

117
114
88

I

,

,

118% Juue

I

Aamled
D«B.Ba.Pk. APac.— lst.7s.'OT.
OeLMar. A Mar.— laCOs, 1921.1

I

June
Auk.

llligJuy

\

lom

Mar

Apr.
Ill's Apr.
118 June
i:0 Julj'
Ill2
Mar.
92 1« Oct

m.

.

Mar.

110
108 \
95
Ill

I

.

Jan.

SmOct.

|

June

il03%b. 98 Aug.
Conaol. * col.
Can. Bonth.— Ist gnar.. 5«, 1908 107 b. 107>s 103?« Jan.
94Tg
9414
84 Jan.
.....;
Zd.5«.19l3
100 a.' 97 Nov.
Cen. Iowa— 1i«.7»,'9», coap.ofll00
lor>sb 107'«b. 107 Oct.
Oantralof N. J.— l»t,7a,1890..
107%i). 10S<a
106 Jan.
Oooiiol. 7*. 1890. aMant
109
108 b.l07'8Jan.
Conrert. 7s. lUu'J, aaaent.
10>
105 b.|103>4July
A4Juat 7<. 19<3
80 b SSTea-l 63 Jan.
OooTert. deb. es. 1908
a. Ill
|103 Jan.
LeHi A W.B..oon.7s. 1909,a8'nt 1 1
89 Jan.
Dock A Imp.. Rh. 1921. .. 99 t>. 99
Oantnl Paciflc— gold 6s. 1896.8 116>« 115^b. 1121s Jan.
~ I Joaqolu Br. 68.1900
11
112 b.. 107% Jan.
lOi^b.i
Laadanuitt^s. 1890
102>sOot.
114 Oct.
ChM-AO.— Par ni. (und6s,'98 115 b.
HO a.1
6a. ^d. series A. 1908
103*« Jan.
~ gold. ser. B, 1908, coop, off 76
76%
60 Hay
33%
25 Hay
321a
1918.
Mart. 6«. Ifill
98>aa.l 94ia Hay
97>s
CkM. O. dt 80. W.— 5.6s. 191 1
88>sJan.
1|17 July
GUeaco A Allon-lst, 78, 1893. 110 b.
Chle. Bart. A Q.— Deb. S«, 1913. 106 b.l07%a.l05
Aug.
100 a. 091a
07i4Bept.
Denver DIvl'., 4a, 1922
Plain 48. 1921
91 b.i 921* Nov.
CblcAE. Ill -1st, s.r. 6s, 1907 1 leisb. 117 b. 115 Jan.
Ooosol. 6s. 1931
!114>1
114 b, 110 Jao.
Ohie. A lod. roal B.. Isr. 7s. '36 99 b. 9S>s
92 Sept.
Ch.l«nASt.P-l81,I.*M.78,'97 124
123 >f Aug.
ContoL 7». 1905
.132 b
128% Jan.
I14i«jan.
lsl.80. Mln. Uir.-ea. 1910..
116>a
UbChl. APar.W.IMv—5a. -21.108>4 108"4 103 Jan.
WlB.AMin. Div.-Ss. 1921 .. il07>* :107>«b. 102 Jan.
Tmnkikl .^8. 1014
iiomb. 105 b. lOmJan.
Ohio. A If. W.-Cuuaol. 7a, 1916I
|139^ 138% Nut.
Coopoa. cold. 7s. 1903
134 b. 130 Jan.
ataddiiK/aadra,1929
115 Oct.
ainktng fond Ss. 1H29
108 b 108 Apr.
Sinking fmid debent. Sa. 1933 108a.
108 a. 105 Jan.
10<|i*
Sa-.rear debeirt. a*. 1900
106>9b lomjan.
128'* Jan.
ad.&I.AFae.-«s.o;ap. 1917. 1^^9'^a.:
Sxtco. Aiol. 5ii. 1934
111% 111 b. 10) Jan.
0b.8tP.,Jf.A O.—Convil. ea. '30 l'.'4% [123%b. 118>< Jan.
"«,'32 .-..-...I
Ch.8t.U.% y ••
92 Feb,
C. C. C. A
.14
lOS"*
108% [100 Mar.
CotCosl..
99'9
.JOO.. 99%
90 May
89ie
CoLH. Vai. ,x ini. i^iiii. iiB, '31 88%
82 Oct
Oea. gold. 6s, loot
96ita. 9l''gNov.
DtL A Bod. (^".-i.t, 78, 1891 113^ 112«« llOltOot
Oiiiipon7«. l-9t
116%
115>aOor.
DeBTerA Rl.> Or. -I>t,78. 19O0 119r>. |118 b.ll4^Jan
COnaol 7s. 1910, Trust n-c. ... llsVib.
... 87%Jan.
DCB.A R.Ur. W.- 1st. 6«. 1911 T9i*
81
72)«Jao.

1886.

1,

since Jan. 1.'86.

Name of Bond.

I

Sm.l2. yov.19.,

601

b.

May

Oct.

1

June 115% Jan.
June 110 Jan,

May 105%
Inne lOO

May 114
May 100
[

Fob.
Feb.
Jan.
Feb.

108% Jau.

1II6

Mar.

l.00'''8Aug.

106

June

THE CHRONICLK

602

NOVEMBER

QUOTATIONS OF STATE AND RAILROAD BONDS,
STATE BONDS.
8E0CKITIKB.

ArkanBa»— 6s, taoded
It, h. Book A Ft. 8. iaa.
Ueiiip.AL.Rook

la>a
•12!n

RR

15

4R.R.RR.

12

ArkanaaH Ceiif. RR.
Georgia— 78, goUl, 1880 ..

6

LoaiaUna— 7ii, uon8.,1914
Stamp rt, 4a

94

SECCRITIKS.

Bid.

78,

10
111

93

8234

BBOnBITIBS.

Ask.

104
105

104

T»,L.R.P.B.*N.O.RR
T», MlBB. O.

Bid.

105
9

ea,10-3U8, 1800
Ta,

BEOCBITIZe.
Ml8»onrl-6s, 1887....
88, due IH88
6s, due 18«» or 1890....
A8yl'm or Univ., due'92
Funding, 1894-95

Ask.

Bid.

Alabuno— olHSs A, IDOe. 105
107
OlM«B,5«, ifloe
103
Olus C, 4s, 1806

Bid.

Ohio— 68, 1886
Kliodo Itl

1913 105
102
1913
1913
77
Virginia—68. old
47
47
68, new, 1866
85
6s, oonsol. bonds
6».
56
6s, ex.natured coupon.
Ill
65
68, consol., 2d series

Us. cp.,1893.4

110

5s,
3s,

126

120

1919

Ask..

BIO.

New sottlem'l— 6»,

10

99-. 100 1«

121
102

6s,

BBOTTBITIBB.
Tennessee—Contlnned

8

Bpeolaltaz, Class 1
OODSOl. 48, 1810

112
116
Hanulbal A, 8t. Jo., '86. 103
New York-68, reg., 1887 102
112
68, loan, 1891
115
68, loan, 1892
118
68, loan, 1893
35
N. Carolina—68, old, J. AT.
12
FnndinRaot, 1900
New bonda. J.<tJ.,'83.8 22

19, 1886.

A.k.!|

N. CarollDV-Continaed—

1081a

XUn,

[Vol.

Boath Carolina—
«••«
68, nonfnndable, 1888.
Brown coiirtoru 68, 1893 110
6s, deferred
Tennessee— en. old, 1892-8 (134 eih
63^ 64i« District oJ Colnmbla—
6s, new, 1892.8-1800 ...
63 >g 64 v.! 3-658, 1924
68, new series, 1814
74",'
73
FnndingSs, 1899
C'nip'mlBe.3-4-5-ee.l913

107

78

58 >•

12 'i

119 >4

BAIIiROAD BONDS.
Del.

Railroad Itonds.
(Slock BJrcha«at Prieet.)

Atl.A Pao.—l8t, 69,1910
Balt&O.— Ist, 6s, Park. B

87

87=8
111

68, gold, 192,'!

Bid.

Ask.

112

II311 Mich. Cent.— 68. 1909

1st, ext., 7b, 1891
*ll5'i lieis
78, 1894
144
l8t. Pa. Div.,cp.,7s,1917 141
Alb.* Snsq.— Ist, 7s... 106
133
Ist.cons., guar. 78,1900 130

Coupon,

l8t,con8,,guar.6s,1906
Bur. C. Rap. A No.— l»t,5a lOS's 109
Rena. cfcsar.— lst,cp.,78
Oousol. * col.tr., .'18, 1934 103»«il04>«
Deny.* Rio Or.— 1st,, 78..
Mlnn.ASt.Jj.— l8l,7a,Kii 130
l8t, cona., 78, Trust rec
la. City <& West.- l»t,7»
Den.So.Pk.(t Pac.— l8t,7s
O.Rap.I.F.itN.— l8t,6s 106 108
100 103
Don.cftBioO.Weat.— Ist.es
lBt,6s,l»21
Assented
Bnff. N. Y. <S P.— cons.
DetMack.AMarij.- l8t,«8
General, 68, 1024
Land grant, 3ia8, 8. A..
Can.So.- l8t,lnt.guar.,5s 107 10718
81>4 94 ij Det. Bay C.& Alp.— Ist.Cs
2d, 58, 1913
100
B.T.Va. & O.— l8t,7s,1900
Central Iowa— Ist, 78,'99t
65
Dlyisional 5a, 1930
East. DlT.—l8t,88, 1912
79
E.T.Va.A Qa.Ky.- lat, 53
111. Div.,lat, 68, 1912 ..

O—

Piir. mo.fd.'9S
68, gold, series A. ,1908.

Clie8.&

e8,gold,8ei1eaB.,1908t
68, currency, 1918
Mortgage, 68,1911.....
Clies.O.&s.w.— M.,5.6s.Chlo.

109H
76 "2 77
3334

33^8

98 H'
102 ii

ioi

Alton— Ist, 7s,'93 118 ij

<fc

Blnking fund, 68, 1908

-

124

S,

& Slo. KIT.— Ist, 78. ai8
2d,78,1900
116
St. L. J aok. & Ohio.— 1st

IM.

122
117

Ist, guar. (564), 7s,'94
2d, (360), 78, 1898 ...- '117
2d, guar. (188), 7s, '98
Ml»8.R.Br'g6-l8t,8.f.6(!
Chlo.Burl. & Q.— Cous 73
68, sinking fund, 1901..

—

6s, debeuturn,'*, 1913
la. Dlv.— S. fd., 58, 1919
Sinking fund, 4s, 1919

Denver Uiv. —48, 1922.
Plain 48, 1921
Chic. Burl.

& No.— Ist. 5s

C.R.I.& P.— «8, cp., 1917
Ext. & Col., 58, 1934
Keok. A Des M.— Ist.-'i.'i
Cent, of N. J.— lat, 7s, '90
.

.

133 "a
107 '^

113
99 >8
88
91

....

I113

105

133
Ill

....

99'.

99 1;^

Ulij

108 110
107 H, 108

l8t,cou9.a8aent. 7a, 1899 108»8 108 !Si
Cony., assented, 7a, 1902 108
AdJU8tiueiil,7B, 1903... 1U5
83-'(
Conv. debeut., Bs, 1908.
Leh.&W.B.— cou.g'd.as. i'lo" 111
99
Am. D'k&Imp.— 08,1921 98
Chic. Mil. &bt. P.—
1st, 88, P. U.,

1898

2d, 7 3108, P. D., 1898.
iBt, 7s, « g., R. D., 1902. 133
l8t. La C. Dlv., 7s, 1893. 120
lSt,I. & M., 78,1897... '123
1st, I.

«.j

&D.,78, 1899

l8t,C. & M., 78, 1903...
Consol. 7s. 1905

l8t,78,I.&D.EJCt..l908
lst,S.W.Div.,68,l»0U.
iBt, 68, LaCife Uav. 1919
let,S.Miun.Div.,8a,1910
l8t,H. .SD., 78, 1910...
Chlc.&Pac.Div.,68,1910
.,5s, 1 92
lBt,Clllc. A P.
Min'l Pt. l)iT.,6s, 1910
C.& L.Sup.Dlv., 58,1921
Wl8.,tMiu.Div.,53,19zl
rerminal 58,1914

1241a

132
132
131^1

120 -a
108 14
118

119

i'l's"

145
120

lieig

83

83

7«iii

l-Oia

76 >a
95

77 13

4713

48

UU-AMad.- I8t,6s.l905

& St. P.— l8t.5s
St. L. & Oh.- lst,(;.

Ott.C. F.

107 "a

Cln.

I.

C.C.C.AInd'a— lst,78,8.fd. 123 "a
13213
Consol. 78, 1914
Consol. slnk.fd.,7s,1914 '1231a
General consol. ,68,1934 10S34
Ch.St.P. M.tSi 0.-Coii.6a 1233^
C.8t.P.&M.— Ist68,1918 12d
No. Wis.- l8t, 6s, 1930.
Bt.P.A8.C.— l8t,«a,1919 \26\

Chlc&.E.Ill.— lat,8.f.cur.
Conaol., 1st, 88, 1934.

..

117
114

Chio.

—

Ch.& Ind.Ooal Kj Ist.Os
Col.<t(Jreen.— l8t,ts,1916
3d, 68, 1928
Col. H.Val.<fc Tol.— 1st, 58
Gen. M..gold, 6». 1804.
Del. L. & w.— 78,ccDr.,'92
Mortgage,

Spd,DiT.— Cy.6s. 1898..
Middle Dlv.- Reg., 5a.
C.St.L.*N.O.— Ten.l.,7s
lat,conaoU78, 1897..
2d. 63,1907
Gold, 5s, 1931
2dDlv.,7s
Dub. *8

8.

A L.—6a.l931

Sandusky Dtv.— 6a,1919

ltl7ia
'

Pitts. Ft.W.,t
2d, 78, 1912
3d, 78, 1912

142
140 'a 41
134
133

Clov.
4th,

Pine C'k R'y— Osof 1032.
A Tol.— Ist.Bs

McK. A Y.— lat, 68.
RoraeW.A Og.— l8t,7s,'91
Pitts.

;

101 la 103
113
109

Consol., lat, 6s, 1922...

Rich.AAlleg.-lst, 7a,1920
Truat Co. receipta

78
i'o'sii

Assented

110
101

Atl. ACh.— 1st, pr.,73,'97

Incomes, 1900
Scioto Val.— 1 at, cons., 7at
st.Jo. A G'd lal'd.— lat, Os
St. L. * Iron Mt.— 1st, 78.
2d, 78,1897

12113
IIO14 llOHi
•92

Debeuture,

78.

1887

107
107 14
113
112
1151a II6I4

Arkansas Br'ch — 1st, 78
Cairo * Fulton- 1st. 79.

A T.— 1st,

Cairo Ark.

7s

Gen. r'y A l.gr.— 58,1931
St. L.Alton A T. H.— lst,7s
2d, pref.,78, 1894...
2d, Income, 73, 1894 ....
Bellev.A 80. 111.— 1st, 89

Bellev.ACar.- l8t.6s, 32
St. P. Mlnn.A Man.— l8t,78
2d, 68, 1909
Dakota Ext.— 68, 1910..
latcon,lol.,68,cp., 1933

Mln'8

Evans. Div.— lst,0s,1920

2d. 6s, 1931..
l8t,78,1909

—

General, 68, 1921

Sodus BayA So. -.Ist, 5a, g,
Tex.Cen.— l8t,.s.f.,78,1909
lst,7.s, 1911

A W.— 1st, 7s, 1017
receipts

Wab.St.L.*Pac.— Oen.,08
,

Tol.A

68,

1907

Pac— 1st, 8s,'95

lat, 6s,

1896

Denv.Div.8Sjas8^'99

98
111

98 14 100
94',
95
102 104
75
104 108

o r. Bay w. Ast, P.— 2d,inc.
Ind.Bl.AW.— Con.,inc.,6a
Ind'sDecA Spr'd — 2d,iuc.
Trust Co. receipts
Leh. A Wllkcsb.Coal- '88
Lake E A w.— Iuc.,7s,'99
Sand'ky Div.— Iuc.,1020

*W.—

A

So. Pac. of

1931

Mo — lat,6a

105

113=8 113 H.
1033,

Kan. C* S.— l8t,8s, g
FtS.AV.B.Bg.-lat,6s

* l.g.— 78Tr.rec.

Inc.

53

Bio

G., 68,

Do

109

Gen.

made

Rome W. * Og.— Inc., 78.
,

this

week.

88 Tr.r.

t

431*

'7'5'

75
104 4

101
105
9684

64
9438

36

94 'e

88

85
801a

85

.

85>s

ii3i< 113 1«

107
10134 102>«

95
9ft
1121a 113
1011a

3D la

30"^

42"a
371a
29-8

45
39

89 Iq Valley R'y Co. of O.- 6s.

Coupons

off.

-

29's

37

98
35
20
49

105
74
44
33
35
28
32
721a 78
463*
46
'SO'e 81
•8O34 81

73

43=8

'70
*96ia 100

*25\

"ii"

Cin. Laf.
Jofleraon

68

85
96>9

90
45

Free l^iHt.
A Chic— l.st. 78
nR.— l8t.7s. '89 lot

6834

Aug. cp. on
ex Aug. cp.

m. A ter.

PeoriaD.* Ev.— Inc., 1920
Evausv. Div.— Inc, 1920
Roch.,t I'ittsb.— Inc., 1921

So Car. Rv.— Inc 68, 1931
St.L. A.AT. n.— Dlv. bdsSt. Jo * G'd rsl.- 2d,;uo.

Tex.A Pac— " :-.,ea,1905 102
-90
Con.aol..6s, most.

12712

107

83

105
76
St.Chas.B^e.— l8t,8s
No. Missouri— 1st, "/a. 117
W.St.L.AP.— IoK-i,dlv.,8s 102
60
Trust Co. Receipts
West Shore -l8t, guar.,48 IO2I2 102 '•
We9t."u.Tel.— 7s, 1900 .. 123
^
N.W.Telegraph.— 79,1904 105
85
8514
Mut.Un.Tel...S.fd.63,1911
Col.C* Ir.Oo.— Ist.cou.Gs 9934 lOO
Teun.Coal A Ir.- Con8.,6s 101
So. Pitts.— 1st, 8s, 1902. 101

Laf.Bl.&Mun...Iuc.,i8,'90
Pac— 1st, cona., 68- 113=8
»122ia
Incomes
Mil. L. Sh.
3d, 7s, 19, >6
Mob.A O.— lst.prf.,deben.
Pac, of Mo.— lat, 69 .- 104
lll>a 11212
2d, pref., debentures
2d, 7s, 1891
3d, pref., debentures
StL.&S.F— 2d,6s,Cl. A 113
113'.i 114
4th, pref., debentures. .
6s, Cl.iasC, 190()
1141)
-V.Y.LakeE.AW.- IncHs
68, Class B, 1908
Ohio So.— 2d, inc.,6s,1921
O. 105
1st, 8s, Pierce C.
6a,

123>«

120

Income Honda.

108 "a 107
105
At.C.AP.— lat,6s,1903 103 I'o's'^i
At.J.Co.&W.— 1st, 8s 103
Oreg. short L. — Ist, 6a lOeia 10634
88
Ut. So.— Gen., 78,1909
80
Exten., lat, 78, 1909

Gen. mort.,

123

Han. A Naples— l9t,78 '85
Ill.ASo.Ia.— lst,ex.,69 •90
St.L.K.C.AN.— R.e.7s 110
Omaha Div.— 1st, 78. 102
Trustee, receipts.. 102
70
Clar'da Br.— 68,1919

112 "a (Interest i}auable if earned.)
113=8 114
Atl. A Pile— Inc., 1910...
114=8 115
Det. Mack. A Mar.— Inc.

lat, consol., 1)8,1919
C.Br.U.P.— F.c.,7s,'93

Equipment, 78, 1895

120
110

W.— lat.ext., 79

1st, St. L. Div., 7s, '89
2d, ext., 7s, 1893
Equlp'tbds., 78, '83.
Consol. conv., 78, 1907
Qt. West'n— lat, 78,'88
2fl, 7s, 1893
Q.A Tol.— Ist, 7s, 1890

6a.

.

Do
Bans.

1131a

Sabine Dlv..-lst,68,1912
Va. Mid.— M. Inc, 6a,lg27

111

—

119

Trust Co.
Tol.A.A.AO.T.— l3t,68,c. 103
Tex. * N. O.— Ist, 7s,190n

RR.—

Pac— Gold,

113

'1121a

Tol.AO.C- l8t,g.,38,1935 100

Tol. P.

1143,

115=8
112
San Joivquln Br.—
Cal. A Oregon— 1st, 8s 102'8
Cal. AOr.- Ser. B., 63- 106 >a
Land grant bonds, 6s. 1021a
West. Pac— Bonda, 68.. 114
No.R'way (Cal.)— l8t,88 122 123
So. Pac. of Oal.— lat, 6a. IIOI4 1103,
So. Pac. of Ariz. 1st, 8s lllHi 113
So.Pacof N.Mex.-l8t,6a 108
Union Pacific— lat, 6s.. 116
Land grants, 78, '87-89 lolia
Sinking fund, 88, '93-. 118
116
Beg., 8a, 1893
Collateral Trust, 68.
Cen.

115
110
105
115
110

Un.— 1st, 6a, 1022 115

Shenand'hV

Peoria* Pek. U'n— lBt,68
2dM., 4'aa. 1921....
Pacllic

10914
114>a 116
9814

St.P. A Dul.- 1st, 53,1931
So. Car. R'v— lat, 68, 1920 108

.'0'7"

Consol., 58,1923

Panama— S.f.,8ub.68,1910 90
Peoria Dec. A Ev.— Ist, 63 114

78><i

Rlch.ADanv.— ConB.,g.,88 1141a iU'^s
1131*
Debenture 68,1927

Mo.

these are latest qaotations

i'li'ia

Con., lat, ext., 08, 1922.

Roch.APitt.— lat,6a,1921

Wabash— Mort., 78,1909

1051a

No prices Friday

108

Pitta.Cleve.

10136 10; H.
97
97
Oregon Imp. Co.— lat, 6sOreg'nRR.ANav.— lat, 6b. llOi* llOia

Laf. Bl. A .M.— l8t,68,1919
96 H, Louisv.N.Alb.AC— l8t,68 lllSj
951,
11714
Con.'i. gold, 68,1910 ....
138^8 Lou. N. O. A Tex.— 1st, 58 •91
Manhat.B'ch Co.— 73,1909

12s
Mex. Cent.— Ist, 78, ex cp
l:«
Newaaaentod. 48
130 >a Mich.Cent.—0008.78,1902
Consol., 8a. 1902

i'o'o'

Or.ATran8c'l-.6s.'S2,1922

lOJlj 108

119

1892

2d, 78,1898
2d, guar.. 78, 1898....

OhloSo.— Ist, 68, 1921 ...
Oreg'nACal.— lst,8s,1921

2d,consolidated,7s,1911
latSprlngfteid Div., 7a.
lat, general, 3a, 1932...

i'ii'

Ketiin. Kiev.— lst,6s,1908
2d.ti8.1899

68,

s. f.,

St.L.V.&T.H.— lat,g..78

Trust Co. receipta
Chic. Dlv.— 5s, 1910...
Hav. Dlv.— 68, 1910
Ind'polis Div.— 68.1921
Detroit Dlv.— 6a, 1921..
Cairo Div.— Bs, 1931

i'lf'ai

Mem.AChas.— 8s.gld,1924

ii'9

C— l8t,7s

* P.—Cons B.fd.,7e

llS-ai

S'thw.Ext.- l8t,78,1910
P.1C. Ext.-lat, 6s. 1921 109
93
Imp. A Equip,— 0s,1922
Mlnn.A N.W.— Lst.oa.gld. 104

A N.Ala.—S.f. 88,1910

Louiav. C.

113

115

101

2d, 7a, 1891

RR.— l8t,78,'98

Peua. AAt.- l3t.,6s, gold
L. Erie AW.--lst, 6s, 1919

1

Con8tructU)n. 5s

Isl.

98 la

1907

...

Minn.AStL.— I8t,78,lfl27 133 135
Iowa Bit.-lst, 7s, 1909 l'20>a

.

*88N "h9"

137
Byr.Biug.dtJI. Y.- 8t,73 131
Morris A Usaex— 1st, 7s 1413,
2d, 78, 1891
1121.J
Bomia, 7», 1900
780f 1871, 1901
126
Ist, con. .guar., ts
137
K. Y. Lack.cS W.— l8t,68
78,

108 la 107

106 "a
102

.

Tru8tbond3.68, 1922
10.40,63,1924
,

•97 la

89=8

Mich. Dlv.— 1st. «a, 1924
Ashl'd l)iv.-lat.8a,192.")

Pa.Co. '8guar.4 ia8,l8t,cp
Pa. Co.'84'.js,reg.,1921.
Pitt9.C.&St.L.-lst.o.,7»

,

l8t, consol.. 5s, 1931....

&St.L.— lat,Ca,191o

1884-1913

1st, 68,

RR.—

106

1931

Mll.L.S.AW.-l.at,tf3,1921

N.Y.*M.B'h-lst,78,'97
N.Y.B.AM.B.-l8tc.,g5s
124 la Louisv.* N.— Cons. 78,'98 119
Cecilian Br'ch. —7s, 1907 101
N.O.AMob.-.lst,63,1930 1063,
94 "a
2d, 68, 1930
124
E. H.&N.— lst,6s,1919 114 -a
109 It 109=,
127
General, 6s, 1930
132
Pensacola Div.— 68,1920 100 101
St. L. Div.— lat, 6a, 1921 '113
56
2d, 38, 1980
Naahv. A Dec- 1st, 78
1151a

Ohic.St.L.&P.— l8t,oon.58
Chio.dtW.Ind.— lat,8.f.,68 1U8
Qen'l morl., 6», 1932 ...

5s,

Jack. Lan.A Sag.— 68,*91
Milw. A No.— lat, 6s, 1910

,

Long

i'l'f

Coop,

Pennsylvania

—

C—

North.lll.— latos, 1910.

SECURITIES.

95
105
105^6 Mo.K.AT.— Oenl.,6s,1920 1013, 105
121ii 124
i)2'al 63
General. 5a, 1920
107
1093, 109^8
Cons., 7s, 1901.5.6
87 '1
90
Cona., 2d, income, 1911
1121a
H.AC6nt.Mo.-l8t,78,'90
EUz.C.A N.— S.f.deb.,o.,6s
11434 115
52'a
Mobile & Ohio— Now 68
1st, 68, 1920
1083,
Collateral trust. 68, 1892
Ellz.Lex. & Big Sandy- 68
123
105
lat. Extension, 68, 1927
Erie- l8t,extended, 78...
114
76
St.L. A Cairo 4s, guar.
2d, extended, 63, 1919..
116
Morgan's La.AT.- Ist, 6a
3d, extended, 4 "as, 1923, 1081a
125
1st, "s, 1018
4tb, extended, 08, 1920. 107
108
107
Nash.Chat.&St.L.— l8t,7a 1301a 134
5th, 78, 1888
110
134
109
2d, 88,1901
l3t,cous.,gold, 7s, 1920 132
l'.!9
1031a,
Ist, cons., fd. coup., 7s.
120' N. Y. Central— 6s, 1887
lO-Si-i
Deb. certs., extn. 5s .
Beorg. 1 St lien, 68, 1908
13734
Long Dock b'nds, 7s, '93 117 117 14 N.Y.C.& H.— 1st, cp., 78
122
108 '6 109
Deb., 58, 1904
Consol. gold, 6s, 1935.
Harlem — lat, 78, coup. 132 133
B.N. Y.& E. -lst.7s,1916 13918
N.Y. Elev.— lat, 78, 1906 1231a 120
N.Y.L.E.&W.-N'w2d8s
N.Y.P.A 0.-Pr.l'n,8s,'93
Ex June, 1888, coup..
71
N.Y.C.&N.— Oen..6a,1910
Collat'l trust, 6s, 11122
70=4 7115
Truat Co. receipts
Fund coup., 58, 1989. *85
N.Y. A N. Engl'd-l8t, 78
Buff.&S.W.—M. 68,1903
1st, 8s, 190g
Ev. & T. H.— lat, cons., 6a liaif,
96'4 97
N.Y.C.ASt.L.— Ist6sl921
Mt.Vern'n— Ist, 68.1923 110
108
97
Trust Co. receipts.
Evans.&lndps.- Istcons ,,„,
*eo
65
*119^
2d, 88, 1923
Fl't&P.Marq.- M.68,1920
N.Y.Out.AW.— Ist.g., ea. 106"t 106 3<
Pt.W.4 Den.C— l8t,83... SSH
N.Y. Susq. A W.— lat. 63I 851a
Oal.Har. AS.Ant.- i8t,6s 108
113 113
Debenture, 6a, 1897t
2d, 7a, 1905
100 101
Midland of N.J.— 1st, 8a I'o's'
West. Div.— lst,5s
93
94
N.Y.N.H.&H.— lat,rg.,43
2d, 63.1931
821a
N. Pac— G. 1. gr.,lst,cp..6s ue-a
Gr. Rap. & Jnd.— Gen. 58.
i'o'e'
ar'nBayW.<fcSt.P.— l8t,88
Gen., 2d. gold, 68, 1933- 102=8)10234
1241a
James Riv.Val. — 1st, 8s 108 "a 110
Gulf Col* S.Fe.—7s,1909 123
102li 1031)
Spokane* Pal.,l8t.a.f6. 103 14 105
Gold, 68, 1923
108 14
No. Pac.Ter.Co.- lst,g..88
Han.AStJ.- Con.e8,1911 122 124
Hend. Bridge Co.— Ist, 63. 10m3,i 1081a N.O. Pac— lst,68,g.,19'20t "si
H.& Tex-C— 1st M.L.,7at llOv 1103i N.0.& No. E.— Pr. 1., g.,6a Ullj 112
lu4Ja Norf.A W.-Oen., 6s,1931
1st, Western Div.,78t.. 103
New River- lst,68,1932 113 ill3ia
lat, Waco* No., 78t ... 104 14
87 >«
Imp. AExt.— 6s, 1934..
2d, conao.., main line, 88
67
68
Artjustmt. M.— 7a, 1924. >10334
General, 6a, 1921
79
Houa.E.&W.Tex.- lst,7s
Ogd.A LakeCh.— l8t,68-- 100
lil.Cen.- Istg. 4s, 1951... i'0'9" 110
Ohio A Jliaa.— Con8.s.f.78 l'20ia
102
120
Consolidated 7a, 1898.
Gold, 3138, 1951

112
108
117
117
120
129
117
122
118
115 "a
108
109
lOrt
108
Ced. P. <fe Minn.— 1st, 78 107
107 109
Ind.Bl.AW.- Ist, pref.,7s 116>8 119
107 li
94
94 1»
lat, 5-68, 1909
8234 84 >a
105 10513
2d, 5-83,1909
93
93 "t
Fargo & 8o.58,As8u..'24 •98'
Eastern Div.— 8a, 1921
nakota & at. So.— 53.
Indianap.D.&Spr.— lst,7a 103 106
CDiic. & Nortliwe«t.—
Int.* Ot. No.— l8t,6s,gold 116^!
94«4 94 'i
139 140
Consol. bonda. 78. 1915
Coupon, 8s, 1909
68 >a 69 Hi
Coupon, gold, 7s, 1902.. 134
Ken. Cent.— Stmpd. 4.p.c.
llSia Knoiv. & O.— Iat,6.s.l925 102
102=8
Blnking fuud,Bs, 1929..
Blnkingfuud, 5a. 1929.. 108' 108
Lake Shore A Mich.So.—
'112',
108
81ak'gM.,deb.,5a.l933.
Cleve. P. & A.,7s
25 years de'i., 58. 1909.. i'o'tj'la 107
Buff.*Erie..lsrew bd3,78 1221a
106
1U13.
Kxteuwion bonds — 1926.
Kal. * W. Pigeon— 1st.
Kacauaua A L.a. — lat,68 I'l's
Det.M.*T.— l8t,78,1906 128
Des M. AMin'ap.— l8t,78
Lake Shore— Div. bonda 121=8 125
130
Iowa Midlaud— Ist, 88..
Consol., coup., lat, 78.
128ii
Feninaula— lat. conv., 78 131
Cousol., reg., Ist, 78.. 127
Chic.JtMllw'kee— l8t,78 125
(Conaol., coup., 2d, 78.. li5' 126
128
Win. .fc St. P.— l8t,78,'87 10.! "9
Conaol., reg., 2d, 7s...
2d, 78. 1907
HaboniugCoalR...l8t,5e 106

W

SECURITIES.

SECURITIES.

A Hud. Canal— l8t,7s

Ask,

103

28
3919
76
118
107
105 It

VovtMBZR

!

QaotetloBS

BK0URITIB8.

* ToMka—Ut, 7*.

IM>i...

IiMid ffTmat, 7«

Oiunuite«d, 7s
lCansiMI«.6a
,«>••.

10«
llOis

93 >s--.1J» ilie

lamt gnat, 7s

ess

'SST Bari^No.K. C. * WeM'n— 6s.

ICC Ton Seen *0. -7s

K. Ctt7 LkWT. A 80.-6S..
X. Ctt j-Eit. Jsw A C. B.— 7s
X. CUT
A MSB.—8s
K.C. dmC AHprlogf.—9s
unto R. * TV B.-7i
Xsr. H. ^k OdL-IMS, es,

11»\

MA

ibs'i'lll"

115
61 <^

am.

m.Un^ 8o.Pse.-7s..

„

T.A H. Kacl«i6-7s..

Oon.,7s, 1903

in

M. R.DlT.,lat, 6S.1932
W. Y. PhU.A Nor.-lst, es

I

I

OoaseUiUtad 6s

41>S<

BmCbto *

V»L—

7s!!
Ark'.
6*....-

•—
Bmrthcni Kansas—6s
BBUaB«-ln

.•

•Mn-'7s.

WlamMsl Cant
sin
Wsartaa

1107^ IW'
»6

niU.AKrlo-l8t.7s.cp.
Cons., 6s, 1830
Cods., 5s, 1830

197%

1*7

166

ALowal
wsU...

310

—

I* Mains

taos
Pi«r1i]aBas
1 Con. A M.. pnC.
J BoTst* B. A Lrna iVi"

I*

M
10>i

<!a:t(erala Hauthsrn
Caalral at Masaacboasua

Pnt»mA
* Eairt-a

;•-•

ChssLlrs, p i sleiTSd
~1Uo.

J

Pbll.

AB

33

M

A Tr.
Meobanloa*

\A(>

Mercantile..

105

1H5
100

Pet'r

Cooper 153

230
95
100
135
16

People's
107
159
Rntger's.... 130
105
Standard

1

SUr

Sterling

65
65

....

Stayveaant

115
ITnlted St'ea 144

116
105
150
105

97

National....

Pbenlx

90
70

110
luo
145

Merchants'

Montaok
Nassaa

140
120

Paclflo

Pirk

6.1

310

10.1

85

115
6
85

ManafcAB

North Blver

135

Kings Co
320
Knlckerb'kr 90

O KH UOMPAMIXS.

lst.es, 1910..

il6%
Sd. 7s, ooap.A rM.,;883 1^6
^
Oona.,T*. !••., U(U.... 127%'
1137%
Oena.. 7s. eooB- 19 1 1 .

:

16

Illinois... ilu«

80

140
Home
150
Howard .... 75
Jefferson.... IIH

Bid.

Westchester 130
WUllam^b'g. 350

Ask-

(

no
96
165
110
176
106
165
110
160
136
110
95
70
120
150
136
376

Saa and City Rallrand Stocks and Honda.

,

Oona., 8a, (., i:R.ai911
Imp., 6s, *., eonp., 1897
Oon., 6s, (., oonp., 1908
OoB., 7s, oonp., 1908
lBOono,7s,ooiip., :886
7a,eoiip.,
OOBT. A41. Berlp, '86.89
Oma. 6a.u»aar..a..ie3S

130
150
155

111

Meota.

'

St.]

Hamilton
Hanover

(Sas Qnoutums by Oio. H. PBKirnM

98 >a Pblla. Newt.AN.Y.-lsl

•8

lATopaka...

4kAlba«T..

.—

N. Y. BqalC. 165
N. Y. Fire .. 90
Niagara
160

103

Plramon's". 97
Oerman.AjD. 390
Oermanla... 145
Olobe
115

—

iss

fhlrd

236

12.1

7 1906
103% Parkloa>ai^Ist,eB,cp.'¥7

83
61

BTOCKB1

114

A

85

— Istaar.

129%

136
130

Oreenwicb.. 325
Ooardlan ... 75

365
100

"

226

COM PAN'S.

96

Fartant

Ooos., 6s, oonp., 1905..
Oona., 6a, roc., 1819...
Pa.
I>. T. O.—7s, 1886

ioo'

38%

Long Island 92

Kxenange...

133

107%

COirPAN'8. |Bid. Ask.

..

*

118

.

Cradeamen's !03
Tnltei m'rta 201

M

3:<n

Empire City

Crook- 1st, ea, eoap
FHinsxiT.—Oen., 6s, rof. 133
Ooii.,es, cp., 1910
Oma., 6s, rss., 1905...

Oil

..

IM

130

SLNIohalas.
7th Ward...
S)00nd
,
S loe A Leatb
StateotN.Y.

170

135

,255

Eagle

lBe.,es,1933

107
lun

P lople'a. . ..
P lealx.....

l«H
tf'oba'ATra- IS.I
Veroantlle.. 130
iCeronants ' •.Si
Wroh'ta'Ei. 104
tfetropoUt'n

^aasan

p»rk
iepablto

125

160
IS8
165
160
103

Oriental

PMlflo
142

<f eobanlos'

175
103
ISO
180
185
135
130
125
86

City
121
Clinton
117
Commercial.' 33
Continental. 235

Oobantnnes, r««
RortOlk A West.—Oon.,6s

110

Ms, 6s,

4Msub.* UCh.-6«

.

Na Psnn.-3d. 7s, op. '96.

)yo^

-lanoTer
In.ATrad'8' :100
140
I-rtng
..aatherKts' 200
Manhattan.. 1.17
Harket
IBO

I

American... 165
Amer. Excb. 9S
Bowery
150
Broadway... 175
Brooklyn . .. 180
Citizens'.... 115

O. Pa«.— lat, es, 19a0.

107
157

..

»ew York .. 200
Insaraneo Stock List.
[Quotations by E. S. Bailey, 6% Pine

nen>otnal

Cons, es, C.A R., 1923
If.

It's

77
J7a
125
127 •«

.••'- •...•..

First

Fjurth'

3d, 7s, re(., 1910

60

200

Bid.

Excb...
Rest River.
lltk Ward..
rtfthAre...

Leh.V.-lst,6s,C.AB.,'98

64^
SsMBtnrs, lOs

OOMPAN'O.l

Oom

».Y. NaUEx 120
flnth
127
f. America. 125
lorth RlT'r. 126

O^rm'nAm.. urn
Greenwtcb

Ask

Bid.

200

14.1

.

126

FsMon

..

BA.SKS.

300

.. ..

a»rfleld

120
280
174
120
180
-•••
130
110
......
VIO
1300
140
143
15U

OontUental.

ItliacaAAtli.-lst.cld.,7s

100

1M&, OS
Xaxlowi C«ntral—4a

143
390

3500

Oommeroe

Harrisb'g—lat,6s, 1883..
H.AB.T.— 1st, 7s,(., 1890
Cons. 6s, 1896

•

1U3SI101

ouiatln

CltUene'
Olty

o.,'l

BLA Wmspt-l st,6s, 1810
6s,

Ask.

Olieinlcal....

A AmbOT—6s,
Mort., es, 18S9
Cam. A Atl.— lst,Ts,K.,'93

Oonneofg 6s,qp.,1900-Ol
DaL A Boana Br.— 1st, 7a
BaatPsim.— lBt,7s, 1888
BaatonAAaib'r— 6s, 1930

lit)

I

:...

3d, es, 1904.
6«>sf
Cons., 6 p. o
Catairlasa— Ist, 7s, con. o.
|l03>s , Nsw 7s. T«g.
coup
lOO'W ICoJ. AC. M.— I8t,6s.l914

:i»3

Bid.

170
Am. Bxoh... 136
Broadway... 287
Bntoha'A Dr 181
Central
I'JO
Obase
160
Otiatliam
205

A

104
100
68
IS«.-«%MW.. l»l
.
Frain.Kik B.AMoTV.-^s.. 4131

BANKS.

Local Secnrtties.

Bank Htook L,lai.
BANKS. BW. A.k.

Ainenoa

Ptall.— lBt,6s

Cam.

6s aon-«xempt.

Ask

Cona. 6s.l9'il...
Ist.Tr. 6». 1922
Baff.P!tts.A W.—Gen.,68

»7«i

CMUnteBc '
80v-<«..

N.Y.A

8d, 7s, 1908

il03

Biir.*MatnNeb.-Kxt,8a ISO

m.

110

Bnir.

96"

rimto, 5«

Snip....

Bid.

BsU's a>p-lst, 7s, 1883.
1st, 6s, 1905
Con., 6s, 1813

Bid.

BQ!4TUtl.

603

New York

Boston, Philadelphia and Baltimore.

BECCRITIKS.
Ateh.

THE CHRONICLK.

90, 1886. J

ioi%i

104%lh4>4
"-••1103%
62%' 63%

J»l%......

74%

M

Bid.

tfraoklyn Uaa.ljcht
OlHsans' nsa.Llaiit
BfflMlt

106
63
104
86

60
100

"nosolldated nas
86
J wsey City A Hoboken... leo
MstropoUtan-Bonds
114
Hatnal(N. Y.)
106
Bondf, 6
103

NsasaatBuyn.)

100
100

Scrip
P«opla's(Bklyn.)

ssr..e..l9S8
Ooaa. 6a.
OobaatBroeoap., 18MI

Wall Street.]

Co., Brokers, 48

68

Aak.

Bid.

103
100
120
Bonds, Os..".
110
MetropoUtan (Bkiyn.).... 70
ii7" itnnlclpal- Bondr, 7h
105
108
Falton Mnmolpal
135
103
105
104
Eimtabia
116
101
Bonds. 6s
110
60

1U3

!in

A

GAS COMPANIES.
People's (Bklyn) — dds, 78

ASk.,

104
135
114

76
110
140
109
131
lis

RR. QaoUUons by H. L. Qbakt. Broker, 145 Broadway.]

ICliy

OoaT.,7s.B.C1893
7%i

OoBT.

SI'okerBt.AiFalt.P.—BU.

7s. ep.off, Jan.,'86

38
1st mort., 78. 1900
113
Sr'dway A 7tii at.—st'k..

Delerrod Incomes, cp

WU.A

Bait.—4s,u.ct
Phil.
Pitta. ClB. A8t.L.— 7s..
B.—7s,op.
Pitts. Tttoa.

tij"

1st mart...1x, 1904

A

Sanb.ALewlsrn"7s.C.'."96

9»V

an.CMa.AOorB.— lst,7s.
lia.

*

* OnU
mfanad
Zim. O. ttpnacf. * Maa.
CSto Back * n. BBlth.
call.

Cltj Ft. S.

1136
«ll

>4II^

l3^

IfS.

117"^

i3V

v.—
> >•

Vo

8
?»
i»

7%

ilS%

l^
»'

isi'

.DBLPBIA.

(

_

I

_

A A UanUa....

^Taiansd

............

II%I

lUV
89
58

iJ6'% 56%
TIpralsfTsd
PalawwaA Boond Brook 147%

60

411

balra A wuu^saport.
l-rafsff*!

nBttaCd** A Broad Top

dAjTAL B0WD9.

A DeL-lsl, 6S.1886

00

Lablgh NaT.—4 >%». 1914
Mort. BR., rof., \897 .
OoBs.,7s,ro».,1811...

PanaTW.-6srep.,1810..
MIraylk. NaT.-lst.6s.tt.
SdTfls. rog.. 1807

0ALTIMORB.
BAtLB'D BTOCKS.tPar
Atlanta A Cbarlotta.
Baltimore A Ohio ...lOOx

41
64

lOantial

Ohio—Oosn

Chicago
lat

52%

79
79
67 S

133

i'9V
i

I

Jtntj'ii'iJiiMmiii'.'.

OAKAL 8TOOKK.
"

'
~J«i
I,*l«li NsTintloa..
NaT., pro
,prol....

»p%

»»
48

68%

AarlkUl

BAILROAD' BOKDB.
IklLROAD BO

Api*.

)-10a. tt
Val.-7 SI
.1910

jid.,«aap.. -91
lia. 7a, said., ««
Bait. A O.K. »M»-Car1ii.

•alTM's OaL— tswaaJ9M

»4.8a.l»W
>

Km

tITIimrt

t

AO

8

iM%

1st, a., J.

A J.

3d, rnar.byW.Co.,J.AJ.
J
6a, Bd, gnar., J.

A

113% JVllm.C.AAng.-6s
WU. A Waidoo—6s

1!»

101% 103
t

7«

Ia4s<aalt. lUwtpiteathlaweek.

-trk.

I.,

mort
3d mort

34%
110
63

2%

.

.

A

Wloh..
St. l,oiil8 Ft. S.
Ht Paul E.A Or. Tr., 1st 6a

65

.

.

TuLA. A.A

1%
98% 100
30
34
93
87

36
Si

29

53%

S3
13

16

N.M

30

Pret
..•>

31
44

mort

95
68

InoamM

.

106
60

1«

West N.Car.- lat

45

•.>

10

1st mort
3d mort

13
13'

94%
88%

24% 35
100% 100%

18% 19% Ist mort.. 68
UUh Central.- l8t, 68.... 80
6%
Vicksb.A Meridian
6%
69%

105

S3"

L. T'ndera.

ni"rt....

100%

S

9,499.100
9,727,800
9,675,400

N'v. 6 I48..12«,4>)0
1!'|H6.233..300

Agg.Ol'ng

I

S
Oot.30 M4..')00.000

Clrcnla'n

Depoaits. '

8

Specie.
.1-

•

S

3,533,100 lOt.092,100 15,250,100
3,403,500 1 10.0J7..100 14,200,600
3,464,701

Philadelphia Banks.—The

110,04'j,'01l|la.8'l7.00ii

totals

77,143,134
9.<.9T9,654
t'0,479,268

hare been as follows:

ior%
103

3d,pret.,J.A J

121
113

Psvskais.

—

A

8s

A
Isl
A Texas, stock

bt.Ja.AOrand
St.

lat

1886

6a.8artaa B....

W.Md.-6s.

Pensacola |A Atlantic...

23<^

....*•
...•••

.»•
36

Nonhern....

North. Pac.— OIT. bsiida..
North RlT. Cons.— 100 p.c

13

111%

41)% Plt«sb.AOsa'sUa.—7sJAJ
Cnlon BB la(,Si>a-l*J
Canton andorsao.
62% Virginia Tenii.—6a

•

A

1^
lai

W.Sh.A K.-»to«k.

Y.

.•».

44%

Boston Banks.—FoIlowinK are the totals of the Boston banks t

3ds
No. Central—4 %s, J . A J
6s. 1900, A.
Sa.(old.ieaO,J.AJ....

ia.l«t1aaA

316

JI.J.

N. Y
ureen'd L,ake,

Aak,

73', ......

scrip..

....

33%

lat

A

N. Y. City

Dee Moines

Pre!

1st Inc., 5s, 1931

114

43>4

1st mort
Pltlsb. AWost.— Ut mort.
Postal TeLACab.,wh«n Us
Chea
Rich. York KIT.

L. R. 1st, 88.

IVS
250
119
850

Bid.

A

3d mort

<..

Mexican National

:»% ColomblaA UreonT.— IsU

U3

.....

3d pret
Bonds, Istes
Ke«lT Motor

3ds
8ds

N. y.

awrt

Memphis A

iid'

Ohio
1st mort

93

78

Ohio.........
lat pret...... .

107
2(i6"

SECURITIES.
Mich.

30

1115

Preferred

117

36
113
66
136
lie
120
180

lbs"
101

tst nor'., 78. 1893

New Jersey A
17

A Ft. Dodge

107

200
110
325

\W
Twsaty.thiM HI.—otook.. 345

M.K.AT.-Iooome

93
47

Kanawha A

Wash. A Bait.— lata.

letmori.. 5<, IIIIO
UonsoL, 78. 1888
sixth AT.—nUHIK
lat mori.,T8, 1890
Third AT.— »i'"i«
Bonds, "8, 1890

64

13

Oeorgla Pao.—Stock.....
IstGs
2da

17% 17%l lao.
35 % Baltimore A Ohio—4a ....
56% Uaa.Oblo.—6s, lst,M.A8
61% ObarLCoLA Aug.— 1st..

105
190
107
A
210
113
43d St. Mann. A St. N.Ara 35
let mon.,t'>8, 1910
109
Sd mort., inoum|( Us
60
iousu W.st.«P. FT-atk. 130
113
1st mort., 78, 1894
Vlnth Ato
110
aaoond AT.—atonk

Ask.

»o»«««4bOr.W

60
60

60
Waatam Maryland
BAILBOAO BONDS.

3d

—

A B.— lorip, (l8

lLl<btb at.—«took
Bcrlp, 68, 1914
43d Ur ml nu |i"rT— »tk
1st mart.. 78, 893
.

39% 60

Oont. Oons. Imp. Co.
OOD. A B.O. PI; when Us'd

Prol

Ols.

A Can. So

O. D. E. B.

—Quotations from both exchanges:

'

Amer. tottou oil Tmat...
Am. Bank Note Co
Amer. Tel. A Cable
Bank.AMerch.Tel., gon.M
Best. H. T.A West.-8U.
Debeutoros
Brookljm KloT'd-stook
lat mort
2d mort
California Paclflo
l«t mort., 7s

Atlanta A Chart.— 1st.... 133%

M
64

!11»

1st mort.. 78, 189.<

SF.rURITIKS.

&V.Yiir.::::::::::

Idpref
Parkersbnrg Br

120
.110

Ory Uk. B.11.A Bat'T—atk

OoM.6s.190e
WJar*^AtL-lat,6a.O.

Chsa.

180
106
165
106
145
165
118

Unlisted Secnrities.

1st pre(

18

88

OMAWtaaa— 1st pratai iad
Kast rsnnaTlTaala

W.Jansv-lst.es.op..'96

Taalarn Paan.—6a.oonp.
...

133
110

AD BTOtlkn.
B.Y. * PhU..asa.pd.

Was* C^ostor-Cons. 7s^

106
IOO
100
196
110
166
113
166
166
136
130
125
133
116
160
116

rAimhst—»tk.il30

Booile, 7», IMS'*

1st, 7s. 1809..

}46
tSO
1178
16
l»*

.

Ohrtafph

4a. sold, 1838. ..
F.-Isl, 7s. -96

106

6X%

104

lull

Consol., 7^. r.l02

a«B..
.M% Wama A

107

Itaah-aABooh

A Pae.— 1st, 6a.l906

OBIaa A ntnar.— 1st, 7s.
Oana<».J.-Oau.6s,'84
.^68
Ooaa. 6a.goM. 1901.
.18% 08Ba.Sa.feM. 1908.

.

tOsatnl
_ .^Haa^bt'nAOBX
_ft<4ai I so. ....... ......
Itelsna Caatral
a. T. * Now KacUad

133

Voasol_6a, 1906

Hnrlacf d

5ii,

B%ray Snriaue uus.gnar..
Bonds guar., 5s. liMiS ...
Brooklyn City—Mtons
lac mort., 5a, 1002
BUyn. Croasiawn—Htook.
Ist Buwt., 78. 1888
•aahWk AT.(BKin/—Bt'k
Catral Orasstovn-atk..
1st mort., G8. 1822
Omt. Pk. N.« K. KiT.-Bta

uaBbaiT A Brio-lst, 7s.
saak. Haa. A W.-lst, 6s

SSi
C. Clin.

Sdmort..

tahaioklaV. A Potts. -fs

104
107
i3»

3U
116
300

^1

103%

1886.

Loana.

Circula'n

Agg.CI'ngS.

B4,tidB.70U

4.G73.340
4.^11,800

85.584,700

4, ',123,000

55.262,610
63.935,831
58.631.686

Lawful Mou'y Dopoaits.*

iio" 125
111%
ViO

•

87,160,200

33.601,400
33,312.8 >0

83.041.800

86,4!.«. 110

86382.800

Oct. 30..
BTOT.

I

s

8

3;«,58J.10O

•.^aelndlng thaltam "doe to other ban^"

THE CHRONICLE.

604

New York City Banks.—The following statement ahowB ihe
condition of the Associated Banks of New York City (or ihe
week ending November

Loam and

2,370,900
840.000
1,922,000
162,000
1,068,600
639,000
1,767,000
486.000
1.671,800
373.600
588.000
132.000
9,;oi,0.)0 4,788,200
829,000
2,669,300
861,400
177,600
1.246.100
789,500
71,100
17,998.700 9.440.400
431,100
2,874,000
682,900
146.300
6.423.100
895,900
871,800
1,808,0 JO
344,800
91.300
l,57ti.o00
•JO 1.000
97,000
1,164,400
126,300
130.700
3,801,200
647,500
110.600
1.115.000
288.600
28.400
8.621. ICO
564,000
216,000
6S7.000
15,912.000 3.893,01)0
18,26H 930 2,279.300 1.114.100
5.253.600
816.500
213,500
6,226,100 1.4H8,600
376,700
3.341,900
657.300
163,000
6,659.200 1.484.700
349,600
4,522,400
244.800
875,200
1,877,100
XSO.SOO
140,700
169,800
2.903.000
345,300
425.400
9.158,800 2,588,300
621.100
3,060,000
179,900
7111,700
131,700
2.376,100
2,6^4,500
265,400
269,700
3.1(-0,700
634.100
127,600
2.006,t'00
185.200
75.900
3.604,000
892,000
115.000
6.486.400
8^4,400
201.000
4.616.800
906,500
604,800
202,100
274,800
2,066.800
20,169.900 4,276.700 1,328.400
17,902.700 5, 199,200
777,100
14»,000
163.000
1,897.000
167.600
126,600
1,149.700
483.400
17.232.000 4.018,200
694,000
8,870,000 1.722.000
815 000
226.000
3.225.000
318.700
5,216.900 1,130.400
497,300
18,6y9,200 4,991 ..800
166,800
1,124.300
4,884.00('
130,000
203.80U
1.360.800
320,000
310,000
2.330.000
251.600
461,100
2.20».90O
90,,'(00
372,000
2.582.100
907,-.00
132,800
3.306.300
7H8,100
85,700
3,175,100
260,000
360,000
2,277,000
112,000
362,500
2,485,400
859,800
29,500
1,811.000
600.600
158,600
2.603.600
26.^,200
116.200
1,614.600
255,800
153 o;)o
l,a!9.80C
266,600
847,000
3.241. 6l>0
383.500
247,200
1,759.600
300.400
111.200
1.921.300
407.80
71,100
1,761,200

MeoliSDlog'

•-•>

Phenlz
Olty
TradeBioeii'i

...

Fulton
Chemical
Uerchants' Bxoli.
Oallatln National..
Batobers' A Drov..

Mechanics' A Tr..
Greenwicli
Ij«ather Manofra.

Ward

Seventli

State of N. Y
Americ'u ExcU'ge.
Coninierce

Broadway
Heroautile
Pacific

Bepabllo

Chatham
Peoples'

North America

..

Hanover

imng

..

OlUzene'

Naasan
Market
Nliholas
* Leather..
Com £xciiaDge ...
Continental
St.

Bhoe

Oriental

Importers'* 1 rad,

Park
North Blver
East River
Fourth National..
Central National..
Second National..
Ninth National...
First National
Third National ...

N.Y.Nat. Kioh..
Bowery
N. Y. County
German--\meric'n.

Chase National...

Avenue
German Bich'nge,
Filth

Germania
United States
Ijincoln
Qarfleld
Fifth National....
B'k of the Metrop..

West

Side
Beaboard
Sixth National

weeks

following are totals for several
Loant.

Specie.

$

DepoHU,

L. TendeTf.

S

1886.

areata
Hon.

t
10,300,000
8,933,000
6,822.100
7.046.000
9,221.H00

'is.boc

2,7117.000

365,0O(

tS.OOi

11,677,300
3.203.500
1.784.100
23.756.100
3,132,200
6.197.600
1,785,600
1,742.000
1,176.200
2,640,000
1,061,100
8.633,700
13.274.000

'eo.oof

105.90(
809,50C
223,9ac

"2,601
536,400
41,200

S

980,400
45,000
44 9C0

',2,4H3,600

4,686,300
6,864,400
2,809,100
6.7(15,600

348 701

4,820,400
2,520,100
8.273.000
10.267,800
2,8(4.000
8.017,000
3,001.700
2.783,100
1.823,800
3.945,000
5.678.300
6.346 000
2.015,100
21.774,400
22.153.600
2,123.000
065.800
17.752,300
8,670,000

45,0'

180,00(

833,800
90,000

Railroad

49.601
984,4011
45,0t>C

224 301
360 OJC
45.000

5,571.800

45,000
273,400

lU.42t'.700

4,950.100
1,202.900
2.430.000
2.861,100
2.303.400
4.218.700
3,281,600
2,972,200
2,837,200

200,001
224,050
180,001

45,roo
44.3U0
45,000
131,600

4,].i6,100

3,097,200
1,720.500
1.474.630
4.060,200
2,147.800
1.819.600
2,010.600

44 5(0
)80.0>o
8,116,1.0

past:
OircuUMoh Agg.

Cten- \t

8,237, sno e-'S 09«!.064

8.173,200 735.600.027
8,116,100 704,572,284

on

p. 603

Earnings.

Latest Earnings Reported.

WeekorMul

Atoh.T.&S.F,. September
August
•Sonora
Bait. & Potomac Beptember
Bnff.N.Y.A PM. 2cl wk Nov
Bnff.Roch.&Pitf 2d -wk

1885.

1886.

1,

46>i,246

16,858
122,636
46,300
28,971
71,560
14,621
17,577
59,877
269,000

Nov

Bnr.Ced.E.&No. 1st wk Nov
Cairo V.& OMc. 2d wkNov

Cal. Bouthern. .. IstwkNovi
lOamden & Atl Sepiemberl
OanafUanPacittc 2d wk Nov;
24,241
Cp.F'r&Yad.Val October ...
30,H24
Central Iowa... Isl wb Nov
Pacific. August
1, 557,818
Central
388,992
Ohesao. & Ohio. September
95,802
Ellz.Lex.&B.S. September
160,944
Clies. O. A 8. W. September
171,lii5;
Alton Ittt wk Nov
Obloaeo <fe
34,331
Chlo. & Atlantic 2d wk Nov
I

Ohio. Burl. & CJ. September 2, 724,588
40,984
Ohlc. & East. ni. 2d wk Nov
Ohio. Mil. ASt.P. 2d wk Nov 621,000
Ohio. & Nortliw. 2d wk Nov' 575,800
4,957
Chic. &0. Riv.. 3 wks Sept

Ch.8t.P.Mln.&0. 2d wk Nov
Ohio. & W. Mich. IstwkNov
September
Cln. & Eastern
Cin. Ham. & D 2d wk Nov
.

.

01n.lnd.8t.L.&0.

&

2d

wk Nov

Mack.. October
Cin. J.
Cin. N. O. &T.P. Ut wk Nov
Ala. Gt. Soutli. Ist wk Nov
N. Orl. & N. E. iHt wkNov

& Mer.
Vloks. Bh. &. P.
dn. Bel. & Mob.
Vloksb.

*

.

.

wk Nov
1st wk Nov
1

St

August

Uezlcan onnenoy.

...

I

162,500
27,159
19,848
59,545
47,489
16,419
56,951
28.297
16,620
12,664
14,669
7,567

Jan. 1

to

Latest Date.

1886.

1885.

,385,585 11,052,,675 11,038,536
197,594
178,,U67
22.070
974.271
112,0711
979,.20;
2,098,170
51.000 2,260,,460
27,551 1,063,,735 1,080,871
73,241i 2,407,,420 2,586,840
560,,550
10,116
533,,846
,«i00,,835
468,866
8,603,,786 7,231,217
171,334
184:.486
1,096,.595 1,085,008
,370,516 10,214,,555 9,335,139
309,0971 3,025,,28o 2,454,923
509.509
72,519!
676,,151
138,892 1,186,,030 1,108,916
170,4891 6,712,.587 6,726,695
26,969 1,3>8,.335 1,155,188
2, 640.035 19,326,.863 19,050.141
40,218 1,516,,614 1,425,78!)
634,030 21,222,.876 20,679,981
535,800 21,H40,.618 21,170,220

56.031
205,000
22 353
29,073

5,641
145,300
28,067
14,704
56,996
44,000
12,647
57,135
20,562
13,222
14,833
15,074
6,676

5,267,.005
1,195, 111

5,049,512
1,099,570

2,244, .517

2,061,083
106,183
2,224,296
882,412
552,625
362,120
332,670

U9 423
2,376 ,684
982, 091
513, ,227
410, 168
394, ,83 J

{Andbrauchee.

wk Nov

wk Oct

1

FtW.&Den City October
GeorKia I'acltlc. 2 wks Sept
Or. Rap. & tud.. September.
Grand lYunk
Wk Nov. 6
GullCol. AS. Fe. 4th wk Ool
. .

. .

wkNov

IstwkNov

m.0ent.(IU.&8o)

Cedar F.&Mln. Ist wk Nov
Dub.&Sioux C 1st wk Nov
la. Falls* S.C. IstwkNov
Tot. Iowa lines Istwk Nov

wk
wk

Total all lines 1st
Nov
End. Bloom.
Nov
1st
Ind. Deo.
Spr. October...

AW.

Jack.Tam.AK.W Septemlier
K.C.Ft.S.AGulf. 1st wk Nov
Kan. C.8p. AM, iBt wk Nov
Kan. C.Cl. ASp, IstwkNov
Ist

WkNov

L.Rk.M.R ATex September
Long Island
2d wk Nov

IstwkNov

LouIs.Ev.ASt.L.
Louis.A Mo. Riv
IjOulsv.ANaahv.
Lou.N.Al.AChlc.
LoulBv.N.O. AT

August

2d wk Nov
2d

wk Nov

October.

..

Maine Central., September
Manhattan El
1st wk Nov
Mar. A No. Oa.. October
Mar.HouKh.A O Ist WK Nov
Memphis AChas. IstwkNov
Mexican Ceut'i, 2d wk Nov
•Mex.N.,all lines October
Mich. A Ohio
October .
im.L.Bli.A West. 2d wk Nov
Milwaukee A No 2d wk Nov
Mlnn'ap. ASt.L. September
Minn. ANo. West. IstwkNov
.

.

. .

. .

'46,0:)<

latest railroad

BOADB.

St

4tli

Lehigh AHud><)ii October...
UKk.AFt.amith Sei^tember

earnings and the totals from Jan. 1 to
The statement includes the gross
latest date are given below.
earnings of all railroads from which returns can be obtained.
The columns under the heading "January 1 to latest date" furnish the gross earnings from January 1 to, and including,
the period mentioned in the second column.

The

PUnt & P. Marq.
Fla.Ry.&Nav.Co

436.701

44,001'

1

E.Tonn.Va..VOa. IstwkNov
Evanf.&Iiid'plis Isl wkNov
Evttusv. <te T. H, IstwkNov

LakeE. A Wert

3,MS8,fl00

will be f oua

Dea. Mo. & Ft.D. 1. WkNov
St
Det.I,AU8'K>t No, 2d wk Nov

432. 10(

$

The Boston and Philadelphia banks

Danbury & Nor. Siplember
Den v. & Klo Or 2d wk Nov
Denv. A K. (}. W. Oetober ...

A

]

Oct. 80 341.401.800 76.6:11,200 17,049,600 349.128.100
ICov. 6 340,H»4,»0li 77,070,000 16,242,6(;0 350.718,800
" 18 341.946,800 78,005,200 17,818,000 361,719.400

Cin.Waah.& Baltilst wkNov
raev. Akron* Col 1 st wk Nov
Clev. & Canton. loetober...
Clev.Coi.C.it Ind Au,i{ii8r
Col. & Cin. Mid. Ist wkNov
Ool. Hock.V.AT. Oetol)er

lIoiie.&Tex.Cent Ist

341.046,800 78.005.200 17.816,000 361,719.400

Total

The

DtpOtiU

other
Uum V. a.

S

11,080.000
8,927,000
B.919,700
8,004.000
10.704,700
8.040,000

Marohants'
Axaericft

SH

Ttmuri.

•

HuhBttan Oo

Week or Mo

1886.

Jan.

1885.

1 to

Latest Dale.

1880.

1885.

.11

Amount of—
Uaal

Bptcie.

DUcvuntt.

KewYoTk

Latest Earnings Reported.

BOADg.

13, 1886:

Averaot

Bankt.

fVoL. XLIII.

.

39,775
10,112
33,816
408,538
5,887
257.190
25.364
168,000
101,400
7,424
23,061
89,400
3,710
14,548
37.366
23,828
5S,499
36,508
191,597
379,050
65,666
101,351
245,000
3,300
20,700
15,100
39,100
284,100
62,213
41,266
23,707
49,749
33,5(iO

3,528
20,796
20,607
60,415
28,300
54,448
18,219
49,540
306,150
39,925
187,219
335,289
156,740
13,900
26,240
45,547
88,400
164.874
22,698
45,460
14,876
154,625
13,165
32,071
221,657
13,200

34,764
9,197
27,119
341,161
4,662
246,713
24.478
133.695
126,883
7,870
26,092
91,204

1.681,073

1,054,757
3,509,954

1,430,272
429,119
242.316
2,272,063
108,853
1,953,981
168,260
5,309,282
812,379
316,985
1.072,991
3,402,306

15.165
36,810
26,190
4i,793
25,065
190,517
314,471
80,679
89,907
247,184
2,807
19,150
14,147
36,104
283.288
45,209
34,182
4,909
50,117
26,493

643,157
1,820,595

620,743
1,628,311

340,394
512,490

386'752
416,034

454,003
296,263
2,575,897
268.239
1,959.114

176,299
5,776,402
851,6<>3

282,220

,480,967 1,405,843
14,340,565 12,664,286
1,760,708 1,405,633
2,412.429 2,075,173
8,761,89.'! 8,994,261
1

147,064
795,498

109.597
752,216

524,527
517,8001
1,460,452 1,386,340
10,222,348 10,380,602
2,167,682 1,986,473
348,193
177,333
2,088,537
1,265,617
195.645

297,696
78,516
2,166,217
1,282,748

999,348
17,769 1,084.439,
145,772
17,019
177,286!
371,186
431,049;
49,797
211,614
26,245
243,180
49,580 2,710.207 2,573,163
731,5801
600,839
15,629
358.892
52,250
350,264!
270,310 12,056,956 11,921.800
36,972 l,619,335j 1,456,443
934,546
163,201 1,279,752
309,309 2,281,121 2,140,436
134,787
14,080
33,224
77,700
126,398
20,297
32,775
11,815

910.528
1,135.990
3.209,018
1,430,080
182,791
2,033,403

761,390
1.063,178
3,049,863
1,264,532
151,166
1,191,060

486,560
5.-i0,339
1,087,6711 1,240,299
8,106
383,930
30,73313,255
Miss ATenn. .. Septemtier
263,388
253,956 1,519,145 1,640,289
a viobile A Ohio October ..
Nish.Ch. ASt.L. October
191,846 1,957.056 1,759,712
US. Y.C.AH.R... October... 3,190.361 2,245,487 26,820,120 19,864,760
391.602
9,296
477,6171
10,292
K. Y. City A No.|Wk.Nov.l3
cS.Y.L.Erie AW. August... 1,659.120 1,437,348 11,779,097; 9,839,682
441,338 3,992,6661 3,114,185
N. Y. Pa. A O. August....
,577,317
390,737 351,6 111 2,907.929 2,488.741
S. Y. A New Eng. September
24,5861 1,179.709 1,097,257
6N.Y. Ont. A
2d wk Nov
25,680
803,519
799,292
St. Y.Susq.AWest September
102,817| 105,3541
61,806' 2,779,745 2,347,787
Sorfolk A West. 2d wk Nov
75,758|
3,965,618
-Vortlieru Cent'l. 'Sei^teiiiber
472,945 504,754 4,006,833
Northern PaclUel 2d wk Nov 323,400, 301,459 10,848,070 9,939,246
93.364
77,497; 3,313,214 3,1.50,647
Ohio A Miss
1st wk Nov
377,076
41,i,937
52,130;
Ohio Southern October
54,993l
Oregon Imp. Co September
286,569. 241,496 2,144,741 2,109,101
643,000 606,2121 4,412,281 3,980,616
Oreg. R. A N. Co October .
151,8801 186,128 1,293.277 1.138,916
Orcg. Slio;t Line August
Peniisyivania... September 4,674,052 4,276,628 36,866.283 33,237,632
635.880
6114,6119
14,075
14,1671
Peoria Dec.AEv. 2d wk Nov
357,034 338,775 2,697,762 2,361,622
Phila. AErle..-. September
Phila. A Reading September 2,929,616 2,800,388 21,921,871 21,093,194
Do C. A Iron September 1,648,815,1,754,214 10,878,475 11,172,254
435,144 425,516 3,308,456 3,249,361
Rlchm'd ADanv. October.
155,124 152,939 1,289,653 1,294,129
Va.Midl'd Dlv. October
656,892
623,615'
95,477
87.421
So. Car. Dlv. October .
542,898
481,017;
88,737
October
67,902
Col.AGr.Div..
392,017
440.993
46,771
52,569
West.No.C.Div October...
308,476 165,144 1,613,709 1,064,753
tRome W.AOt'd. August
946,352
23,450
ISiSSS' 1,013,058
8t. Jo. AGd. Isl. 2d wk Nov
25,129
26,864 1,061,183 1,068,764
8t.L.AltoiiAT.H IstwkNov
639,044
650.463
14.747
17,244
IstwkNov
Branches
985.872
36.453 1,416,752
51,405
St. L. Aik.ATex. 1st wk Nov
112,900 111.733 4,128,732 3,753,702
8t.L.A8an.Frau. 2d wk Nov
1,320,672 1,171,885
38,540
33,464
8t.P»ulADuluth 2d wk Nov
945,998 1,004,789 5,901,192 5,974,681
9t.P.Min.AMan, October
495,015
51,998
70,447
Scioto Valley ... September
512,737
533,333
76,925
85,222
Shenandoali Val .September
781,249
774,219
101,899 113,427
South CaroUna.. September
So.Pac.Comp'y2,202,626
218,811 322.143 1,920,582
aal.Har.A8.A. Septembo'
34,522
7,501
4,313
G.W.Tex.AP September
424,818
469,257
57,267'
47,006
Louis'a West. Scptcmbei'
335,624 372,692 2,864,523 2,790,071
I.AT September
Morgan's
111,260
18,440;
23,546
N.Y.T. AMex. September
708,577
714.312
77,304
89,285'
Tex. A N. orl. Sep ember
723.771; 850,191 6,114.429 6.292,090
Tot. At.Sj stein September
2,233,809 2,013,614 17,12«.3-'5 15,802,391
Tot. Pao. Bys.- eeptembor
September 2,957,579 2,863,805 23,240,753 22,094,479
Tolal of all
583,249
•04,629
54,882
56.712
Statenlsl'dR.Tr October...
612,790, 692.187 4,569,041 4,260,785
Texas A Pacilie October
28.603
33,919
roLA.A.AN.M. October
692.808
18.305
4,476
Tol.A Ohio Cent 2d wk Nov
Onion Pacttic... S( ptember 2,5 17,793 ,2, 160,920; 19,153.669 18,272,613
444.137
46,944]
53,967;
Valley of Ohio.. September
10,2'26,9'52
Wab. St. L. A P. 2d wk Nov 255,000 2511,000,11,087.097
133,726! 125.123 1,077,141 1,018,062
fWest Jei'sey... Septemlier
1,274,460 1,236,977
29,651
32,138,
Wisconsin Cent'i 1 St wk Nov
147,461
232,623
3,807
7,430
Mln. St.C.A W. IstwkNov
128,839
254,034
3,200
10,58ll
Wis. A Minn.. is' WkNov
135,5.57

W

.

.

.

.

.

.

. .

.

.

. .
.

a For purposes of comparison, St. Louis A Cairo, now operated by
Ist of
the Mobile A Ohio, is Included In both years from and after the
to
6 Figores of earnings for last year have been adjusted so as
basis of comparison tl e same as tills year.
. „,
Ohio.
Pennsylvania A
c Not including earni igs <if New York
in 188(5.
„ .
„.
II Inciiuilng West SUoie
.
In 1886, the Utloa A Black River Road,
t iQcludiDg tince April,
.

t

And

branches.

make

NOTOCBER

THE CHRONICLE.

90, 1886.J

Investment
AKD

605

and Chester, Penn., handsome passenger
and brick are being built. At Twenty-fourth
and Chestnut streets, Philadelphia, the main station is in
course of erection. The structure will be substantial, ornate,
and complete in all its appointments. The princip.il officer of
Th* IXYSBTOBS' SUPPLEMKNT eotUaitu a complete exhibit of the division will also be located in the main station. The
tJu Funded Debt of State* and Cities and of the Stocks and Schuylkill River East Side Railroad, in the City of PhiladelBond* of Railroads and other Companies. It is published phia, is the connecting link between the Pnilad^lphia line and
on the last Saturday of every other month—viz., February, the system of the Philadelphia & Reading Riilroad Company.
April, June, August, October and December, and is fur- The work on this part of the route has necessarily been diffinished without extra charge to all regular subscribers of the cult and tedious, but its completion U anticipited in the
Cbboniclk. Extra copies are sold to subscribers of the month of December, when oassengers from New York wiU be
carried, without change of cars, to Baltimore, Washington
Chbokiclb at 50 cents each, and to others ti tl per copy.
and all points on the system of the Biltimore & Ohio Company. The Delaware Branch Riilroa'i. extending from a point
on the line of the Schuylkill Rver East Side Riilroad, is also
nearing completion. By this branch the principal docks and
Baltimore & Ohio Railroad.
large manufacturing establishments on the Delaware River
{For the year ending Sept. 30, 1886.)
Wilmington,

Del.,

stations of stone

matlroafl |nteHtflettce.

ANNUAL REPORTS.

will be reached.

of President Garrett was submitted at
" The increase in the earnings of the Baltimore & Ohio
the annual meetiDg in Baltimore. An analysis or the figures Telegraph Company for the fiscal year ended September 30,
at the report will be found in thn editorial columns of the has been 172 per cent compared with 1884 and 41 '25 j/er cent
Chronicle, and the following are extracts from the report compared with 1885. In the mid^t of acute compatitton, the
itaelf:
large and increasing patronage thm commanded demonatratea
The result of the operations of all divisions in the past two the strength of the company and the value and efficiency of
jrou* is shown in the table below:
The fact that the Telegraph C impany, in addiits service.
^Eanilii«8, 1885-86.—. tion to its value in facilitating the varied business operations
.—Eamtnim, 1S84-83

The annual report

OroM.

Net.

aroaa.

Net.

9,733,252 «3.969.flOO 99,84M13 $4,026,366
Main stem, etc
23t..'>0e
323.320
194.771
81S.308
WMhtMrtoo Brancll...
663.044
101,347
48.848
847.757
PvkafSbaMBrwMsh...
Central Ohio Dlrialon.
LiUe Erie DlTUion ..
Chlcan DtTlaton

1,060.166
817.785
1.721.612

FUmBoik IMrUlon

1,<>99,960

39&,8.'M

DIr.
Dlvltlan.

399,373

119.918
261,605
778.419
7,840

Mew^admenetAStna

1181430

<Ief.'29!ib2

1

Pitt.

1,270,476
1.013.014
2.09'4.568

3,430,085

446.259
114,767
214,291

473.52
309,711
269,916
842.421
13,430
15.246
35,208
1

9ie.ei6i«42 •S,e43,0S7 •18,422,437 »6.386,694
Tbuia
" It is shown that the earnings of the main stem and the
branches stated, in comparison with the fiscal year 18S5, have
incKMed 9113,361, and the working expenses have increased
996,800, making a comparative increase of the net profits of
9M.465" The expenaes of working and keeping the roads and machinery in repair amounted to 95,820,347, being 59 10 per cent
upon the earnings, showing a decrease of ll-lOOths of 1 per
cent compared with the previous year.
" emi-anBoal cash dividend of five per cent upon the
eafrftal stock was p«i<l on the 21 of November, 1335, and of
fonrper cent on the 17th of May. 1886.
" The profit and loss account shows an increase for the past
It will be seen by this account that
flseal year of 9882,845.
the surplus fund, which represents Invested c tpital derived
from net earnings, and which is not represented by either
stock or bonds, now amounts to 948,047,461.
"The payments for investments on account of the sinkini;
fnnds for the redemption of th& sterling loans due in 1895,
1809. 1910 and 1937, during the year amounted to 9642,600,
which, at 94 S4 per pound sterling, make £133,768 15s. Sd.
"la aooordance with the agreement with the City of Baltimore, the eleventh annual payment, namely, 940,000 of the
priac^i of the bond for one million dollars given for the purchase of the interest of the city in the Pitubarg & ConnellsTille Railroad Company, has been made, thus reducing this
obligation to 95e0,000.'' • • •
"Tlie coal trade of the main stem shows an aggregate of
8,679,448 tons, which inelades 489,861 tons for the company's
aamly. Of this quantity, tliat transported for the public,
deuvei«d in Baltimore, is 2,187.448 tons, and that delivered at
local and western points 946,639 tons. In the flxcal year,
8,497.998 tons of coke and coal were transported on the Pittsborv Divteioa and 1,829,681 tons of coal on the Trans-Ohio
diTtsioiw. The aggregate of ooal and coke thus transported.
inclnding all dlvWons, was 7,480,867 tons, showing an increase
for the year of 1,089,691 tons.
" It is shown by the report of the Oeneral Manager that the
toaaace of through merchandise East and West has been
9,781,ri9 tons, while in the preceding year it was 2,838,147

A

tOM, showing an increase of 892,972 tons; 752.150 barrels of
floor and 1.3.718,428 bushels of grain were brought to Balti-

mcre during the fiscal year, being a decrease of 14,013 barreU
of flour and an fncreaae of 670,170 bushels of grain as compared with the preceding year. Of this aggregate of grain.
Ltf7,lS9 bushels were wheat, 9,474,275 bU'^hels were corn and
964,108 boshcis ware oats, being an increase of 237,18t bushels
of wltiiat. an increase of 1,090,416 bushels of corn and a deenM0 of 988,895 bosbels of oats. In live stock the traffic has
iMHt 70,920 ton*, an increase of 2,330 ton% and in lumber
brotutht'to Baltimore 93,881 tons, an increase of 6.271 tons.
" The tonnage of through merchandise east and west was
:

Tans.

1871..
1873..
1878..

.^87.<^09
rt 10.2>I5

"74.,

I

•;

'

I

I

Torn.

Tons.

I

43.V207

1877
1878
1879
1K80
1841
1843

1.047.645
1,149,499
1,425.620
1.98O.307
2.014.110
2.013,227

1883
1884
1883
1888

2.108,325
2,275.252
2,338,147
2,731,119
.

ORNKRAL BRMARKB.

"The line between

Biltimore and Philadelphia waa opened

road
for paaMnger and freight traffic on the 19th ultimo. The
steel rails and slono balia sBrtctiyflrrt-claM, being laid with
warebwted. Commodious passenger stations and freight
and
ho«wsa have been sreotad at many points, and at Newark

R lilroad Company, has not only paid to that Company
the azreed annual rental for the use of the wires on its railroads not needed for railroad purposes, but has also shown a
satisfactory net earning capacity, fully vindicates the wisdom
of the Board in establishing its telegraph system. The poles
iintained and imand wires of the entire system have been
proved during the year, and extensions continue to be made
from time to ti;ne to meet the requirements of the public and
the gn^owing business of the Company.
of the

m

East Tennessee Ylrginla & Georgia Railroad.
{For the year ending June 30, 1888.)
A map of this company's extended lines is regularly published in the Investors' Bopi'lement.
The annual report for the year ending June 30, 1888, has
just been issued. The road was oparated during that year by
Mr. Henry Fink, Receiver, and his report say:*:
" The East Tennessee Virginia & Georgia Railroad was sold
at public auction at Knoxville on the 3>th day of May, 1886,
the sale was confirmed by the Court on the 28th day of June,
1886, and on the 30th day of June, 1886, in obedience to a decree of your honorable Court, I surrendered possession of all
the property which came to my hands as Receiver and deliv*
*
ered the same to the purchasers thereof."
" On June Ist, 1886, the gauge of the East Tennessee, Alabama
and fteorgia divisions was changed from 5 feet to 4 ^et 9 inches,
the Meridian, Selma and North Carolina divisions "having been
changed previously on the 20ih of April and 25th and 29th of
•
*
May, respectively."
" A majority of the stork of the Memphis & Charleston Railroad Co. and other securities were acquired by the Eist Tennessee Virginia & Georgia Riilroad Co., in the settlement of
By order
its account with the Knoxville & Ohio Railroad Co.
of the Court, this settlement was made direct between these
two compinies; and the Memphis & Charleston stock, together
with other securities, received by the Ea«t Tennessee Virginia
& Georgia Railroad Co., in payment of its accounts against
the Knoxville & Ohio Railroad Co., has been deposited with
the Central Trust Co., of New York, subject to the company's
consolidated mortgage."
Thtt following statistic! for two years have been compiled
for the

Cbbomclk:
OPBRATIOKS AND FISCAL BB8Dl,T8.

Total miles operate*

—

1883-84.
1,098

1884-85.
1,05(8

(yptrcUions

1885-88
1,098

1,518,966
208,806,303

1.563,382
223,520,33J

795,358
40,573,858
1,908,218
243,OlO,5l»

$1,097,287
2.814.095
231,881

9I,079,t91
2,667,816
273,860

$1,034,021
2,80«,893
278,665

Total groMeamlDga

$1,173,263

$4,021,567

$1,119,578

Ma/wSJ^'Sr'wI^'ic

$554,046
178,194
811.999

^tilVS]!?.

"7.923

«?2Z'2ii

869.941

73.1,238

89S,rf02

|3H5i
819,743

245,478

321,997

300,6 05

$2,522,955

$2,880,978

$2,736,827

Poeseninr* carried
riminnSiir nillnnirr

FieMnrtaiu) moved
FrelghMtOTy^mlleage

PiSenKer-.r
FrelKht

MiditezpreM, &e

Malntenenoe of oar.
Tnuuportatlon expensea
Motlvrpower.....V.

UenenlMdfa^e*
Xotal

971,814

899.341

:{9,449.2g4

42,?0'4.085

ITI'%^

$1,382,751
$1,140,589
$1,650,308
Neteamlngs
The above stotistics include the Knoxville & Ohio Railroad,
the earnings of which were |341,287 gross; operating expenses,
9218,906; and net earnings, |122,006.

Boston & Providence Railroad.
(For the year ending Sept. 30, 1886),
The report comments on the fact that such large reductions
have been made in fares that while the increase in the number of passengers carried in 1886 was 76 per cent over 1878,
the increase of gross receipts was but 24 per cent.
The net earnings increased 924,460 in 1885-6 over the previous year a dividend of 8J^ per cent was paid, and the balance
to credit of profit and loss was 938,164 •
;

THE CHRONICLE.

606
The earnings, expenses and income account
bave been as toUovs:
1882-83.

1883-84.

1883-84.

1884-85.

18?5-86'

Net earnings
Net earn. C. A St. L.
Other receipts

630,084

731,450

624,839

506,744
30,580
10,403

Total not
7)/»6i(r«emenr»—
Int. onnu'ri. bonds
Interest im Inionies
Rent. toC. .fcSt. L...
Miscellaneous

630,034

731,4t0

524 839

547,726

432,400

481,600

1882-83.

9

neteiptt—

1S85-86

1884-85.

9

ID

1,00(1,275

1, OS 1.0 14

593,217
74,574

62-',:i75

.a.eol

l,03fi,S46
c 14,600
Tfl.lOl

1,669,134
1,231,881
91,674

1,727,147
1,271,163
103.832

1,677,066
1,201,999
93.742

1,286,537
98,388

1,323,555

1,374,994
352,168

1,295,740
381,320

1,384,925
399,860

JSamtniftfrom-

„.fo._
5"*^',,Z

-.

'^'i'i-H9

Mall, express, etc

78,410

.

Tot. gross eam'gs..

Operaling expenses.

Taxes
Total expenses.

345,579

Hct earnings

l,784,fe05

18P4-5.

345,579

Bal. of interest aco't.

15,689
320.000

2fi,140

27,624

320,000

3i!0,000

(8)

(8)

(8)

346,140

S47.624
33,702

335,689
9,890

38,636

616,626

736,200

482,400

520,236

Def.4,750

Sur.42,439

.Sur.27,490

Ontario

&

TVestern.

$

$
352,153

Total dlsburscm'ts.
Balance, surplus

26i),000

399,880

%

.Dividends
Bate tt dividend

471,200

1,626

New York

1- 8,5-6.

381,326

1383-4.

Seetiplt—
Net earnings
Disbursements--

'

456.000
159,000

8ur.l3,408

Total dlsb'm'ta..

Balance

INCOME ACCOUKT.
1882-3.

XUU.

INCOME ACCOU.ST.

for four years

KARSIN09 ANB EXI'KKSBS.

PaseeDgeis
Freight

[Vol.

(For the year ending Sept. 30, 1886.)
A brief preliminary report for the late fiscal year states that
21,716
has all been paid and only $73,000 of pre340.000 the floating debt
ferred stock remains to be exchanged.
The whole of the main line has been completed with steel
361.716
38,164

During the three month?, Oct. -Dec. 1885, the road was
tl e former lease to the West Shore, which
" The subsequent
Mobile & Ohio Railroad.
ceased on Jan, 1, 1886, but the report says
working of your property during the nine months ending
(For the year ending June 30, 1896.)
September demonstrates that a much better net result is
The report of Mr. W. Butler Duncan, President, shovrs that obtainable by operating the company's railway under the conof road and branches owned and opera tpd is
the total length
tions now existing. The following is a summary of the grosa
688 miles. UheSt. Louis & Cairo Railroad (151 6) and the Milland obligations for the fiscal year:
Branch (9) have been operated by the Mobile & Ohio and net earnings
Btadt
*}'JSn'l»}
Co. since February Ist, 1886 and the Columbus (14) Qioes earnings
Railroad
i,.i/u,Boi
Worklug exjpenses including taxes
and Starkville (11) branches of tie Mobile & Ohio Railroad
have teea operated bv the Gforgia Pacific Railway Co. since
$221,999
earnings
6,013

worked under

:

;

The total length of road, including
1, 1685.
branches, operated by the Mobile & Ohio Railroad Co. at the
close of the fiscal year (June 30ih, 1836) was 663-6 miles.
By the agreement -with the St. Louis & Cairo Railroad
the M. & O. becomes a complete North and South trunk line
between the cities of Mobile, Ala., and St. Louis, Mo. This is
a most important gain for the M. & O., and much is expected from it. But through trains on standard gauge
track were not run till November, 1886, and therefore
the bfnefits of the new connection are not shown in the
On
the year endii'g 30th of June last.
of
earnings
February Ist, 1886, the Mobile &Ohio Railroad Co. entered
into poBsession of the road and property of the St. Louis
Cairo, and assumed its operation from and after that date.
By this agreement, which expires in 1931, the Mobile & Ohio
agrees to operate the St. L. & C. road as part of a through line,
and to pay therefor to the St. Louis & Cairo Railroad Co. the
sum of $85,000 on the 1st day of January, 1887, and thereafter
twenty-flve perctntof fifieen sixty-fourths of the total reTenue and receipts of all kinds and from all sources of the
railroad from Mobile to East St. Louis, subject to certain conditions; and it is further agreed that the said 25 per cent shall,
in each and every year, amount to $165,000, of which $160,000 shall be applied to the payment of interest at 4 per cent
upon $4,000,000 of the bonds of the St. Louis & Cairo Railroad,
the coupons of which are guaranteed by the Mobile & Ohio.
The agreement also provided that the gauge of the St. Louis
Cairo should be changed to standard, and in November,
1886, standard gauge cars ran over the whole of the M. & O.
system.
Mr. Duncan remarks of the year's traffic: " The tonnage
moved exceeded the movement of the previous years, both in
"volume and in ton-miles, but with a large decrease in t)ie revenue derived therefrom; the increase in the movement, not-withstanding the largely diminished local traffic, is due to a
large increase in through and competitive business, which latter is mainly of a very low class of freight, and the same
The
'iiauaes affect the revenue in the reverse to the tonnage.
cotton movement movement was about the same as the previous year, both in volume and revenue. The coal movement
increased bomewhat, both in tons moved and revenue. The
development of the Western Alabama coal fields is comparatively a new thing, and while there is great energy and enterprise being given to it, it will take time to produce practical
results, both in the production of the coal and the finding and
In addition to the absurd
developing of markets for its use.
competition among railroads themselves, the tendency to reduce rates upon all business has continued, and the struggle
is particularly oppressive in the South."
The statistics of earnings, expenses, etc., for four years, are
compiled for the Chronicle as follows:

Decemter

&

&

Net

Interest on bonds and floating debt
West Shore and terminal rentals (In 1585)

527

Tot. miles operated..

Operations

—

1884-85.

6i7

527

.

Earnings—

t.27

$

40!t.390
404 570
338,871
15,267.220 20,1!<7.8B^ 12,961,735
429,141
408.889
484,^49
87,024,7S)3 89,732,46.0 97,7o4,678

«

$

427,999

Passengers
Freight

4c

Total gross earnings.
Operating expenses..

Ncteamlnjrs

413.094

43.1,895

1,716,139
126,720

1,712.923
152.t.00

1,526,494
140,636

338,772
1,471,097
152,459

2,271,038
1,611.024

2,278,917
1.547,467

2,101,025
1,576,186

1,962,323
1.4^5,584

630,0,14

731.450
67-89

624,839
75-01

50R.74t
7. 17

Per it. op.ex. to earn.
Does not include Cairo

72-26

A St. Louis leased

February, 1886.

108,51

$113,487

Surplus

Oregon Railway & Navigation Company.
(For the year ending June 30, 1886 )
The annual report is published at a late date and loses much
of its interest for that reason. The report says of tho traffic
" The increase in gross earnings amounts to 35 9-10 per cent,
:

and in net earnings to b3 4-10 per cent, both so unusually large
Daring the year 1834 and
as to be worthy of explanation.
the first seven months of 1885, the country tributary to the
lines of the Oregon Railway •& Navigation Co. passed through
a eevere business depression. The stoppage of construction of

every kind in the early part of 1884, cutting off the expenditure of nearly $7,000,000 per annum drawn from the East by
various companies, and the large depreciation and burden of
heavy interest charges on the stocks of goods purchased and
carried in anticipation of the immediate and active development of the country, after the completion of the transcontinental lines, were tne causes of a severe contraction; and when
this was followed by a small crop in 1884-5 with the lowest
price for wheat known in 30 years experience, the consequences upon the commercial and agricultural interests were
very depressing, and it is worthy of remark, as an instance of
the real resources of the country and the stability of its mercantile business, that the depression was so short, and occasioned so few failures. While it lasted the transportation

and the low earnseverely this company
was affected. The crop of 1885 was a large one, both in acreage and yield, and the outlook for the present year for large
*
»
*
crops and heavy immigration is very bright."
" During the past year the consolidated 5 per cent mortgage
was perfected, and up to the end of the year $3,635,000 of the
bonds have been issued and applied as follows:
EetirinK $1,000,000 unsold debenture bonds pledged as col-

companies were direct and heavy
ings of 1884-5 are an instance of

sufferers,

how

lateral for floating debt
*f'S9S',9x2
Retiring $1,200,000 of scrip bearing 8 per cent interest.... 1,200,000
Construoiion Moscow, Patahaand Karmington branches... 1,025,00

$3,225,000
1385-86.

$

300,725
PasseuKers carried..
13.335.82^
Passenger mileage
Freight (tons) moved
3.J7,4,93
Freight (tous)milc'go 75,330,860

Mall, express,

1883-8 J.

,„„,,,

This surplus, the report says, is available to meet bond interest, or for improvements of the property.
The Utica Clinton & Binghamtonand Rome & Clinton railways have been leased on favorable terras to this company,
and their operation since the Ist of June last has resulted in a
small profit, which will be carried to the credit of next year'a
revenue. Giving access, as these lines do, to the important
towns of Utica and Rome, and to lines north and west, they
will be of material benefit to the traffic of this Company.

OPERATIONS AND FISCAL RESULTS.*
1882-83.

$77,758
30,753

Issued, but unsold

Total

^'^0'"°°

$3,625,000

$1,000,000 unsold debentures have been canceled,
paid. The scrip has been paid,
with the exception of $39,670 which has not been presented.
The annual saving of interest on the scrip retired will amount
satisfacto about $36,000. The bonds have been sold at very
tory prices and now command a premium. It will be necessary, on the Ist of April, lSb7, toprovide for $5,000,000 debenture bonds, which fall due on that date." [To meet this, $5,000,000 of consolidated bonds have recently been sold.]
"A settlement of the claim against Henry Villard was made
during the vear, the company releasing its claim upori the
hous9 on Madison Avenue, and accepting $200,000 in full settlement of the account. The suit of Ervin et al, against the

"The

and the floating debt entirely

MorZMBER

THE CHRONICLF.

so, 1880.]

company was decided adversely

607

in the District

Court, but has fifty shares of their stock two shares of preferred
and three
been appealed. Oa the basis of the decision of the District shares of common stock in the
Minnesota & Northwestern.
Court the entire liability of the company would ba about
East Tennessee Virginia & Georgia.— The following is a
1300.000, of which over $120,000 is already p'rovided for.
statement of the gross and net earnings of this road, as
•' OREOONIAN
RAILWAY.
sptcially obtained by the Curonicle:
*' Judgments
for three more instalments of rental have been
Orosi Earnings.
.Ve( Earnings.
rendered against this company in the suit of the Ofegoniin
1886.
1885.
1886.
1885.
$331,046
$298,824
$116,617
Railway Company, in the U. S. District Court for Oregon, the Jnly
$131,328
Aiiffaat
364.811
329,249
128 565
134,098
amoaots being in uroea about $310,000. These cases have been September
394,380
379,424
167,207
162,531appealed to the U. S. Supreme Court, and in view of recent

—

.

decision of thtt court, covering materially the same points at
ourattornevs have the strongest confidence that the
deo ona of the lowt-r Court will be reversed."
Comparative statLitics for four years, compiled for the
CHBOmCLE, have been as follows
issue,

W

:

£AB!ftXGa

ASD EXPENSES.

188.'-83.

1883-84.

1884-85.

473
9

399

657

it

ft

Boad operated, nUIea.
Martumgt—
Tmtatngtt

1,.'«20.0?5

FMcbl
MuTe]
expret*. Me.

1,533.307
3.406,713

.

714

513,644

380,513

5,364,906
2,971.456

4.0B2.118
2.590,358

5.546.542
3,086,496

2,393,450

2,394,046

4,07-.i,387

1,482,760

Meeetpta—
Ket earalnca

1885-86.

*

»
2,393.450
301,444

1,482,760
138,903

2,1«0.0««
5,i26

VBtallneoaie.

3,489.313

2,604,894

1,621,663

2.465^272

Bentala paid
IMaraat on detrt
DtTldenda

145.420

354.180
440.160
1,800.000

124,087
529,165
1,080,000

1.731

444.27i>

1,584.000

Rate of

Mb.

diTldeiHl.. .
aad. alok. tuad.

Total dlab'menta
Balance, nuvlna...

(9)

9

9

750.289
1,560.000
(6 4)
111.273

(7>p)

79.230
2.252.929

•33S38t

Iowa Falls

ft

Slonx City.— The earnings

of the current fiscal
Total gross bamlDgg
Rental. 36 per cent
Drawback from D. 48.

for the first half
to Sept. 30) are thus reported:.
$307,382
$110,638
C, lOperoeut
20,377

year (April

1

Total

1883-&t.

2,394.046
95.167

Otlier leoelpta.

January next.

2,460,046

1884-85.

Bonds.—The City

CItjr

1,093,643

IXCOMB ACCOCKT.
1882-83.

«1,007,497

$112,389
$127,960
of Evansville (Ind.) has
paid no interest on any of its bonds since April, 1883. Suit
was begun by bondholders ac^ainst the city and is vet pending,
but no proposition from either side has been made, and the
result of the litigation is awaited,
Illinois Central.— Notice is published that the company
proposes to offer |I. 000.000 of new stock to its stockholders at

Eransville

the price of 136, in

1,059.941
2,538,533

424.866

3.40^,179
3T2.29d

Total groxa eam'gs. 5.100 JS12
Opetat'g exp. * taxe* 2,706.466

Vet earalogs.,

18«5-86.

Total 3 months... $1,090,237

,

79,855

119.091

2,674,195
1.852,343
120,699 De(.230,680

:

2,423.201
8or.41,979

*A4atii« bond* retired br sinkliix faod dnrlng th« year make* sarplna
VntOOOlaricer than berPKl veil.
t Dednetlniri^ 1,000 for depreclattnn
of (teaaun b«TM • d>-llelt for the year of r76,300. 1 52,106 was aneut
far featMnnanU. •(«., toarlnc a deflolt of 910,132.

GENERAL INVESTMENT NEWS.

$131,035

Lake Erie ft Western.— The plans for the reorganization
of this comoany not having been entirely successful, Messrs,
Frank C._ Hollins & Co. have issued a circular which says that
the division of its railroad property would be injurious to 11
the securities of the Lake Erie & Western Railway Company,
and. "if the stockholders choose to subscribe the amount necessary to pay the interest in default and some other claims be<;

fore the date of the sale, the court can probably be induced to
dismiss the foreclosure proceedings and return the property
intact to the company. The tot>il amount required to be raised
is about fl.OOOiOOO.
There have already been subscribed
by the stockholders $135,000
The Receiver has in hand
$100,000. By contributing $0 p>r share in addition, the stockholders can raise enough to pay the balance, and leave the
company a moderate amount of money in the treasury to meet

unforeseen contingencies."
Grors earnings. 4 months ending November 1, 1886, $497,000 ;
net earnings, $177,000 ; deduct equipment charges, same
period, $27,000 surplus, $150,000.
Interest on the Ist mortgage bonds for the same period, if paid, would amount to
$92,480. Stockholders will be aaied to protect themselves by
subscribing an additional 6 per cent of their holdings.
Those
who pay assessment will receive certificates entitling them to
preferred stock to the amount of the assessment alrea<iv paid,
as well as of the new assessment, as soon as tuah preferred
stock can be issued.
;

AtUatle A Paelflc—The advertised plan for the exchange
of bonds for a new gu%ranteed four per cent issue will be
foand in the uiual column. Detailed reference was made editorially to the proposition in the last issue of the Chbokicle.
Five millions of the bonds held in the United States are
raported as haviog alreidy assented, the persuading causes
baing the 80 years' extension of the new bond and the guaranLittle Rock Mississippi River ft Texas.— Unless the comtee Hf two strong companies. The old bonds are to be held pany satisfies a decree in f ivor of R^ed and Winchester, the
in trust aa an additional security.
Property will be sold to the highest bidder on December 15.
t embraces that pirt of the Arkansas Valley route between
Bofltom * Maiaa— Pitchbnrg.—The following abstract of
Little Rock and Arkansas City and contemplated branches,
OfMraUona for the jemn ending Sept. 80, is from the returns
to tha MaasachosetU Railroad Commismonars.
Lonlsrllle New Albany ft Chicago.— The gross and net
earnings tor September and nine months were as follows:
niehburg.
Bot(on * Uaine
1885-e.
1815-6.
1884-a.
1804-5.
SrpUmber.
Jan. 1 to Sept. 30.—a'
_
.

tmenm*/r»m—

$99$
.

.

l,tU,M3

^fttaamtr

—

.

28il.809

7,543,681

2.1t6,-)61

4,7U7,2'J9

6,511,558
4.lu9,660

3.796.694
2,»3S,4ol

$198,439
Operating expenaoa 115.539

NeteamlnsB

Orssa earBlB«a
Opantlnc expeaaea

MaSeamloci

SS9,97S

BCBIala

35e,4!!0

744,290 2,776.393 2,341898
358,581 1.786,457 1,360,037

Balaaoe
latataat

083.398
280.763

32i).e88

989.935 "pBliifll
389.933
281,''6I

Balanea

323,635

264Ji0

271.021
347,500

700,002
593,000

700.000
660.000

59,305

^A21

105,002

140,000

nndeada
•urpliw

491,700

Ciaeinaati Indianapolis St. Lonis ft Chicago.— Earnings
expenses and ciiargea for September, and for three months of
tha fiscal year were aa follows:
Otoaa raralnita
Oper^mg ezpeoaes
]««t

aamlng*

riXMleliantea

Rarptua

Sfptembtr.
lH8a.
1885.

.

—

,^-Juty 1 to Sep'. 30.
1>486-8K.
1^84-85.

•24$.S23 9210,356
145.701
130.771

9695,6)6
413.442

9603,193
35-,193

9S8,485
5O,000

9283.194
ISO.OOU

9245,000
150,000

999,823
50.000
949,822

—The

]t0465

939,257

$l,204.96d
V83,Z2^

$72,860

$114,313

$221,743

9133,194

938.485

Northwestern— Hi nne<>ota

fifty niiiea of r ilroad construi-ted

ft

—No balance sheet

ment

CoDioUdated

(14,014,000

Blocks and bonds of
other oompanles
11,528.200
Otber lovestment8,real
ast«t«
Supplies on

hand

is

MABtLrrtK'.

ASSETS.
Cost of road and eqiUp-

capital
8to k
$24,365,915
Oapltai stock.common.
1,100
Capital fitoolc, pref
600

8look agreement, Aug.

1,1881

975,326
127,679

160,555

Interest on fanded debt

accrued
Dividends unpaid

103

Due
14,871

for

419,946
243,855

waged and sup579,800

plies

Due nn open accounts.
itouds and mortgages..

Sundries
Total

2.'>0,400

Sundries

810,681
75,70j
51.364

861,06S

I6><,643

9^7,097,936

Cub on baud

and

Proflt

loss

(sur-

4S,02S

plui)

Total

$27,097,938

Massachnsetts Railroads.— The following figures for the
year ending September 30, are from the reports to the Massachusetts Railroad Commissioners:
Xorwich d Worcester.
-— Providence <* Worcester.^

—

.

.

188V8fl.

Eipen«es& taxes
Ket eaminzs.
Rentals

Baianoe.
Interest..

ft

1885.

91.3.'i3.770

issued from the
company's ofiice with the brief annual report of earnings, &c.
From the returns made to the Railroad Commissioners the
following is obtained for Sept. 30, 1880:

$95,000 GroM earnings...

ClaelaBsti ft Kasklagam Talley.— Notice is published
that the coupons for interest due January 1. 1886, on lh>> bonds
of th's company will be paid at the bankiog house of Messrs.
Window, Lanier & Co., on and after the 2-iti inst.

Dabnqne

1886.

$173,331

$82,900

Manhattan Elevated.

Ceati^l of Georgia.—The contest for the control of the
Doe bv agents of tbta
Central Railroad of Oeorgia is believed to be settled.
The
oomiuny
party favoring Gen. E. P. Alexander are reported to have pur- Dun by-iMMorron aoo't
of trafflo
fifcaa>rt the holdings or secured the proxy of Mrs. Green, whose
open
took (some 0,700 shares) held the deciding vote in the contest. Due ontraffic) aoooimts
(not

.

.

I<t85.

QromMmlnin

279,463

2,891.2.1

2,5^9.665

MlMallaaeeiit

4,324,116
S,929.7H6

3,3>9,.%43

Xnltki.

.

1886.

l,0ft,26»
2,087,446 1,712,163
M,134
53.82J

$74*^,6.59
474,'.:82

18U-S5.
$75».48l
4'27,9'j8

1885-86.

I9'<4-85.

$1,245,711
874,662

$1,077,166
735,658

$274,377
40,475

$323,403
40,030

$371,049

$321,508

$233,912
24,157

$282,443

$371,049
85,711

$321,508
90,975

24,ay j

Northwestern.

by the D.

&

N.

Com-

pany has bepn tran^ferred to the Minnesota & Northivesiern.
Tine stockholders of the former company received for each

Balance
Dividends
Borploa for year.

$2.58.(48
$2.30.533
$209,745
$285,335
207,824 (9%) 233.802 (0%) 150,000 (5%) 150,000

(856/

$1,021

$21,246

$135,335

$80,533

THE CHRONICLE.

608
.—War. Xath. <t RMh.—,

Xxpenses and taxes

—

Net earnings

/— JTew Lotuion Nor.*

1881-85.

$237,244
24,060

$369,012
104,528
$264,511

Balance

$181,523
91,809

DWldends

$89,654

$214,130
101,391

$128,337
90,UOO

$142,739
90,000

$38,337

•§1

$52,739

3«

Surp lus for year
* Company's report.

ss

&

MaghTille Chattanooga

Lonis.— The gross and net

St.

-October.

,

1836.

Ket earnings
and taxes
Improvements

1885.

$213,200
127,414

Grosseamlngs

$191,846
115.782

$85,786
$58,156
6,218

Interest

$76,064
$36,499
2,980

$64,101
$21,382

Surplus

$59,479
$16,585

^-July 1
1886.

flseal

year

to Oct. 31.

1H85.

$732,494
433.441

$876,254
511,246

$299,053
$225,102
18,439

$365,008
$233,262
23,323

$213,601
$55,152

$256,585
$103,123

New York New Hayen & Hartford.—For the year ending
September 30, the following returns have been made to the
Bailroad Commissioners
:

Incomtfrottir—

1885-86.

of this week, and that Mr, Alfred ;^Sully will be chosen president of the company.
St.

Lonls Arkansas & Texas.—The Philadelphia Inquirer
At a meeting of the 8t<-ckholder8 cf this Co.,
Tex-

reports

m

:

arkana, it was voted to increase the capital |18,000 per mile
for the extension of the read to Sherman.

St. Louis & San Francisco.— This company has given notice
new line has been completed between Arkansas City,
Kan., and Caldwell, in the same State, which has been leased
by the St. L. & 8. F.
Sonthern Pacitlo Company.—The following is a comparative statement of the earnings, expenses and fixed charges of
this company for September, and from Jan. 1 to Sept. 30.
The total mileage is 4,780, against 4,697 last year.

that a

earnings for October and for four months of the
were as below:

Operating expenses....

8,334

$213,184
84.847

82,991

Interest

1881-85
$252,464

1886-86.

S-2

1885-86.

Otom earnings

(Vol. XU.D,

1831-85.

Ine. in '86.

Passenger
Freight
Miscellaneous

$4,677,019
2,795,2*1
129,657

$(,361,941
2,123,591
110,287

$:n5,105
371,647
19,370

Grosseamlngs

$7,601,947
1.967,976

$6,895,825
4,623,987

$706,122
343,989

$:,6S3,971
120,730

$2,271,838
420,970

$362,133
Dec. 210

Balance.

1,213,241

$1,8.'5 0.868

80,U00

80,000

Net earnings
Bentals

Total gross

$17,126,325 $15,802,391
6,114,129
6,292,090
$23,210,754 $22,094,181

$2,957,580

$2,863,805

Net ear7iiiiff8—
Pacitic s\etein

$1,1,53,788

Atlantic system

166,585

$1,190,072
366,135

$583,241

,

Bnrplu s Sept. 30..

N. T. Stock Exchange.

$362,273

$220,868

$362,373

$3,263,415

BurplUB

$1,770,868
1,550,000

$2,680,175

$416,760

—The

Delaware

&

Hudson Canal

applied to theStook Exchange to list 11,000,000 new
stock issued to retire bonds of the Union Coal Company, falling due Jan, 1, 1887.

Company

The Toledo Ann Arbor
asks the Stock Exchange

& North Michigan Railway Company

to list $2,120,000 first mortgage 6 per
cent gold bonds.
The Buflf. N. Y. & Phil. RR. applies to list certificates of
deposit issued by the Bank of Republic representing $7,000,000
5 per cent consolidated bonds and $3,200,000 6 per cent, general mort. bonds.
The Chic. Mil. & St. Paul applies to list $300,000 additional
5 per cent terminal bonds.l
The Denver & Rio Grande applies to list its securities under
the plan of reorganization.

Oregon Railway* NaTigation— Union Pacific. —The lease
& Navigation Company to the Union

of the Oregon Railway

Railway Company has been agreed upon.
Elijah
Smith, President of the Oregon Company, said that the lease
simply a matter for the lawyers because the terms
was now
A few details of minor
had been virtually arranged.
importance were left to be arranged, but there was no doubt
of the final execution of the lease. It is understood that the
minimum rental is 6 per cent a year on the stock of the
Oregon Company and that a division of earnings in excess of
that amount may be provided. No definite action on the
latter point was taken by the conference committees, although
President Adams of the Union Pacific offered to agree to a
division if the minimum rental should be reduced to 5 per
cent a year. A provision was made for the building of branch
lines by the Oregon & Trans Continental Company, which owns
the controlling interest in the Oregon Company.
JPacific

$9,427,217
2,435,104

$9,968,202 $10,862,321
420,123

.

Total net Income. $1,367,053
•Fixed charges.... 1,162,836

$10,338,325
10,165,524

Net profits

def.

Construction

$201,217
ite

19,658

imp.

$184,559

$77,199
258,071

$335,270

def.

•Includes interest, rentals. Cent. Pao. guarantee, taxes and U.

—The gross and net

Southern Pacific
1

to

Company
30,

Orleans..

$218,811
4,343
57,267
335,624
18,410
89,2 S5

Tot. Atlantic sys'm

$723,770

Texas

&N.

Jan.

I to Se2>l.

30—

Gal. H. & S. A
$1,920,582
Q. W. Tex. & Pacific.
31,522

Louisiana Western.,
Morgan's La. Sl Tex..
N. Y. Tex. & Mexican
Texas &N. Orleans..

dues

in detail for September and from
were as follows:

arose Earnings.
1886.
1885.

& 8. A
G. W. Tex. & Pacific.
Louisiana Western...
Morgan's La. & Tex..
N. Y. Tex. & Mexico.
Gal. Har.

8.

earnings of the Atlantic system of the

September

September—

$2,133,241
1,550,000

(

$8,567,145
1,401,057

Total net
$1,320,373 $1,516,507
Rent'l leased Unes.
46,680

January

Balance
Dividends 10 per cent)

.

$2,013,614
850,191

Balance

Operating expenses

Jan. 1 to Sept. 30.
1S36.
1885.

.

1886.'

$2,233,809
723,771

$362,373

Interest.

—

September.
1885.

Oroit earnings—

PtUiMo system
Atlantic system

469,257
2,864,523
111,260
714,312

Tot. Atlantic sys'm $6,111,156

,

$322,143
7,500
47,006
372,692
23,546
77,301

.

1

Net Earnings.
836.
1885.

$29,009
def. 2,531
31,208
62,207
5,945
40,750

.

$182,668
1,051
25,168
97,106
6,962
39,879

$166,585

$356,434
$969,230

708,577

$210,103
def. 11,503
236,958
631,637
575
303,306

$6,126,092

$1,401,081

$2,392,952

$850,191
$2,202,626

424.818
2,790,071

216,077
893,668
313,977

United Lines Tel. Co.— In the United States Circuit Court
in Philadelphia, Clinton P. Farrell of New York was appointed
Receiver of the Bankers'
Merchants' Telegraph Company,

&

Yalley Railroad (Va.).— The annual report for the year ending September 80 shows gross earnings of $125,667 against
$129,709 in 1884-5

;

net earnings $37,303, against $45,421 in

1884-5.

Wabash

St.

Lonis

&

Pacific.

—The Omaha

division of the

& Northern road is advertised for sale
on December 28.
The Council Bluffs & St. Louis road is to be sold at the same
time and also the Clarinda Branch of the St. L. K. C. & N,,
and the Clarinda & St, Louis Railroad.
St.

Louis Kansas City

;

—

Judge Gresham in the Uni'ed^States Circuit Court at
Chicago, heard the concluding arguments on the motions
receivers for the Wabash lines east of the
for sepgrate
He remarked that the purchasing committee
Mississippi.
should fulfil the terms of their bid for the property and
pay into Court the $4,000,000 fcr the wiping out of the receivers' indebtedness.
Such a course might induce him to
consider the propriety of delaying any change in the receiverDecision was rtserved.
ship.

Wabash St. Louis & Paclflc— Indianapolis Peru & ChiPetersburg Railroad. The annual report for the year end- cago. At Indianapolis, lod., Nov. 13, the Indianapolis Peru
ing Sf^ptember 30 shows gross revenue of $359,596
expenses & Chicago Riilroad, extending from Indianapolis to Michigan
$198,663; net earnings $160,934; interest and guaranteed City, was sold at public auction under decree of foreclosure.
The first division, from Indianapolis to Peru, was purchased
dividends $115,720 surplus $45,214,
The second division, extendfor the bondholders at $830,000.
Railroads in New York State. The following reports for ing from Laporte to Peru, brought $501,000, and was also purthe quarter ending September 30 have been made to the chased for the bondholders of that division.
The third
Railroad Commissioners:
division, extending from Laporte to Michigan City, eighceen
—N. T. Ohie. dt St. L.— miles, was purchased at $155,000 for the bondholders who
—Buff. Soch.it Pitts.1886.
1&B6
1885.
1885.
the first division. The sale included all the belong*$475.5P3
Gross earnings
$350,423
$905,197
$737,026 secured
ings of the several divisions, the docks at Michigan City being
25B.995
576/)8!l
Operating expenses
236.902
637.001

—

—

;

;

—

>
$<!l8,r>fr8
Net earnings
$113,521
$268,196
$160^37
122.202
Taxes, rental, interest.. 103.666
1102,102
f!!4,016
Bal ance
sur.ifiO9,902 def. $8,68lBUr.$166,091 8ur.$6t>,»:^i
Includes $92,000 from " other sources." IDoes not include interest.

Richmond & West Point Terminal.—The meeting in
Richmond Nov, 19 for the election of .directors was postponed,
and it was reported on apparently good authority that this
company had purchased 25,000 shares of Richmond and Danville

Railroad stock, giving

it

control of that company.

It is

now concluded that all interests will be united and the most
Theprice reported as paid for part
made of both properties;
the 25,000 shares was 230.
'as
now reported that there will be no fight at the meeting for the election of new directors of the Richmond &
West Point Terminal Company at Richmond the latter part

or

all of

—It

is

also included.

&

Ohio Railroad Com—Attention is called to the Knoxville
pany's Ist mortgage 6 per cent gold bonds, due 1925, offered
n this city by Messrs. Griswold & Gillett. This road is owned
and operated by the East Tennessee Virginia & Georgia Railroad Company, and is practically a part of the system, contributing a large tonnage, which is transported by the latter to
These bonds are a
all the important points which it reaches.
first and only lien on the property, which shows by its latest
Messrs. Griswold
figures ample revenue to meet all charges.
& Gillett, we are informed, have already a large demand from
careful investors and trust funds for these bonds, and at the
present time, when 6 per cent gold bonds are getting scarce,
this issue is worthy of the attention of bond buyers.

NOVEKBKR

THE CHRONICLE.

30, 18S0.

Jhc Commjcrtial

609

COTTON.

'jinxes.

Friday, P. M.. Nov. 19, 1886.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (Nov. 19), the total receipts have reached 263,5M

The Movement of the Chop,

COMMERCIAL EPITOME.
Friday Nioht, Nov. 19, 1886,
Tliwe baTe been heavy stormg in nearly all puts of the country, slightly impeding railroad transportation, and in the
trans-Uusissippi region the temperature fell very low, but no
nrioas injory i8 reported from any quarter. The strike at
Chicago terminated in the workingmea abandoning their
demand that eight hours be accepted for a day's work; and
there is now no serious labor trouble except that involving the
knit goods workers at Cohoes and vicinity in this State,
although rumors abound regarding intended strikes. General
trade has been only moderate, while speculative circles were
feverish, the week showing few changes of moment in values.
Chester Alan Arthur, late President of the United States, and
one of the most capable and high-minded of the eminent men
who have held that exalted position, died on Thursday morning.
The speculation in lard futures wai sluggish at weakening
prices until yesterday, when there was a revival of activity
and some recovery in values, due mainly to a general revival
of speculative confldenoe, and to>day there was a very strong
Opening, but a quiet closing. Lvd on the spot has been somewhat inactive, but cloaee steady at 6-lOc. for prime city, e-22>^
@6'a7}(c. for prime to choice Western, 0'60a for refined for the
Continent and 6-Ma for ra&ned for South America.
DULT OtXMMO PBICBS Or LAKO rCTOKES.
JToiKTy.

AWMrtf'y.
Bov.drllTery... a-i-t
DrCmb'r" .. 6-22
6--7
JaaoafT '*
Febraarr*- .. 6-39
6-42
Maroh
..

rWexTtf.
tat-

6-ja

6-J4
6-48

Wtdiu'ii.

6ii
Oil

6-26
6-84
6-41

6-i-i

^M

TAw

6-33
6-41

week and

;

Indianola,

6;3
6-3S
6-j6
6-43

••

10^Ol3^o. for State factory
The following is a comparative
ot aggregate exports from Nov. 1 to Nov. 13
Cheeae

is

steuly at

ommary

:

188A

18M.
rsck

lbs.

BsOMn, >n

Lai«

The specnlatiun

1,«»9.400
14.405,87a
SS.007.ai9

Dee.
I>ea

447,600
8.541,675

10,791,155

Ine.

6.2i4.i*94

in Rio coffee has been feverishly active*

with values taking a higher range, but fluctuating widely
oader the varying pbaaes of reports from Havre and
BlOk To-day there was an active but variable market, closing
with sellers of the active months at ll-30c. Collee on tbespot
la decidedly higher, and dealings have been large to the regular trade, and fair oargoea of Kio close firm at ViJi'§\3c.,
the salea to-day indudiag 11,500 bags at from llif^c. for No. 7
to Vtiie. for

Na

4.

;

Roeded to M^c
The specnlaitun

74,813
9,126
1,037
45,604
1,970
15,951
1,674
7,941

186

8,232

7,419

8,603

8,219

Charleston

4,034

2,652

2,030

1,792

VUmlDgton
MorebdC.Ac.

1,017

1,792

980

1,311

Norfolk

9,588
3,090

8,067
3,984

6,970
2.648

967
375

8,001
3.095
1.360
1,150

338
136

3.975
2,568
76

501

244

"87

62

419

46

122

Pt Boyal.*c.

West Polnt,<fco

New York
Boston

BatUmore
Phlladelp'a,

Ac

7,826
3,637

44,425
19,072
902
3,643
351
2,757
1,303
1,303
2,169
2,968

TotaUthUweek 47,217 56.538 43.034 3J,437 29,294 52,976 268,596
For oompanaon, we give the following table showing the week's

and the stock to-night,

tatal reoeiptB, the total since Sept. 1, 1886.

and the same items for the corresponding periods of
1886.
Seeeipti to
Nov. 19.

ThU

1885.

1

ThU

Since Sep.
1, 1886.

Wttk.

Wetk.

36.189

366,520

74,813
9,136

aine»a«p.
1, 1885.

555,799 102,771
76,409
9,697
9,364
8,711
437.411 88,108
12.589
800
219,302 29.833
9,898
100
74,533
3,733

1,037
45,604
1,970
15,951

34.699

last year.

aioek.

1886.

1885.

83,544

85,498

356.308
25,958

355,566
781
613,629
82,135
17,147
416,281

237,918
24.094
1,202
100,902

142,136

7,468
272.658
2,744
56,493
2,731
209,531
107,896
9,672

....»

Boston
Baltlmate...
piiUadeI'a,*«

79,455
4,961
27,933

84,528

5I',043

48,222

4.054
6,027

152,887
8,500
11,175
16,420

147,752
6,810
18,734
9,396

2«3,^08 2.157.612 270,421 2.165.357

.Sew York...

861.325

778,082

1,674
7,941

186
44,425

379

i,too

237,555 23,660
104.629 13.102
21,080
8,034
11.843
6.695
207
11,835
1,382

19.072
3,643
2.757
1,303
2.905

.

13,526

......

484

In order that comparison may be made with other yeais,
give below the totals at leading ports for six seasons.
RoeeipUiU—

1886.

1884.

1885.

1883.

we

1831.

1882.

32,006
65,760
11,191
33.837
25,973
8,189
40,579
9,923
14.711

17,024
62.024
16,922
36,886
29,197
9.141
30,755
13,198
17,069

^Bet.tUsWk. 36S.996 270,421 258.774 2Z2.510 242! 169

232,218

Qalvest'o.Ao.
New Orleans.

Mobile
aavanuati

...

Cliarl'st'o,

.fco

86,189
74,813
9,1-20

Wilm'Kt'o, Ao
Norfolk
W. Point. *o.

aUottiers

Kentuf-ky tobaooo has been fairly active at unchanged
prices. The i>alea for the week are 400 hhds., of which 850
wan forasport. Seed leaf haa been much quieter, and sales
ter Um wM-k are only 1,180 oases, as followK 250 cases 1881-82-8 i
eropoFlwinaylvania lOiaiOo. ; 100 cases 1884 crop, do., private
tarms ; 180 caara 1889 crop, da, 9<§1S& ; 150 oaaes 1885 crop,
Itensylvania Havana seed, 0^ 10c, 100 CMSea 1889 crop, Wiaconain Elavana, private terms ; 100 oases 1885 crop. New England H«vana 19@38c.; 100 cmos 1885 crop, Ohio, private term«,
and 190 caaea saodries 7@28o,; s 1*0 350 bales Havana, 60^ 1 1 05,
and 900 balaa Sumatra f 1 29<atl 50.
Tba Miocnlation for the rise in crude petroleum certifiMtaa caUDloated on Wednesday, when a fraction above 77c.
waa icaohad. Values have sinoe been variable and the cluse
this afternoon was dtill at 75ii@75>.^c. per bbL, with crude in
•hipping order quoted at ifii^O^c. per gallon, refined in bbls.
Tc, and naphtha Sl^c. apirita turpentine roee to 87c. and

36,189

Savannah
Bmnsw'k, Ac

Total

3.303.0i>0
32.a.V).i47

Total.

5,251

5,363

Florida

.

ft)^§10>{c. for skims.

6,513

ifco.

;

creamery.

6,892

JW.

5,403 13,966
1,840
992
1,037
6,173 6,958
1,970
2,262 3,131
1,674
1.268
1,573

Wed.

Tue».

8,073

Nevr Orleans... 13,779 20,089 11,225 10,351
902 2,845 1,410 1,137
Mobile

;

and

Thun.

186

Jfon.

5,098

Oalveston..
650
Ind'nuU.&o
Pork has been firm, but rather quiet at f 10 50@ 10 7S for New Orleans.
new mras.f iOi§|10 25 for extra prime andfU 50>^f 15 25 for HobUe
Cut meats more active at better prices pickled bellies Plortda
clear.
smoked SatvuuUi. ..
A/*®?!^':-. buns 009^0. and •hoolders 5^03«^c.
Br'sw'k. Ao
hams 10^ lOV^o. and sbouldors 6^0. Baef is steady at ^S®
Charleaion ..
for packet per bbl. and
|8 50 for extra mess and |8 CM)A|9
Pt.Bor»l,&a
|13@f 17 for India mess per tierce, with beef hams nominal at WUuitii«ton
$17 50i§|18 per bbL Tallow ia firm at iHc, but the demand M'beadCAo
St»arlne is firm at 71-^0. and oleomargarine is Norfolk
fa leas urgent.
W. Point. *c.
quoted at O/gC. Butter is in moderate supply at 20@30c, for

AprU

BaL

SeeeipUat—
QalvestoD

FritVy
U-i3

r«d'y,

6-23
6-<3
6-20
e-36
6-44
6-60

6'il
U-iO

week 271,665 bales the previous
258.483 bales three weeks since
making the total
receipts since the Ist of September. 1886, 3, 157,613 bales, against
2,165,357 bales for the same period of 1885, showing s decrease
sinoe September 1, 1886, of 7,745 bales.
bales, against 373,550 bales last

..

45,604
17,625
8,127
44,425
19,072
13,615

aino*sii|»k rf ^2157.612

34.6<)9

2.',323

102,771
9,6d7
38,108
29,933
4.317
38,660
13,102
9,134

75.369
11.386
36,093
33,302
6,244
41,270
22,988
9,2J4

28,396
77,675
13.364
28.46i«

16,373
5,093
31,245
8,329
12,961

2165,357 2220,759 2198.090 2137,240 2123,044

Ualveston Inoliules Indianola Charlenton Inclades Port Royal, Ac.
WUolaffton Includes Horeb'dCltr.Ao.; WeatPointlnclnileBCltrPolnt.Ao
The exports for the week ending this evening reach a total
of 113,675 bales, of which 84,816 were to Oreat Britain, 8,839
to France and 30,530 to the rest of the Continent.
Below are
the exports for the week and sinoe September 1, 1886.
;

Wui.

Or«u

frmn—

BrU'n.

Oalveaton
New Orleaiu

mmUm

!fov. 19.

fVom Stn.

axporttd lo—

««pott<

.

amti-\ Ibtol

fmnce

•Mitt.

8,411

8.068
17.180

Snot

1. IMhS. to Nov.
Bxvort *4l lo—

Frame

Oontintnt.

19, 1880.

ToUu.

ITmIi.

BrUaln.

14.478
17.180

TioiS U.BOa

24.830

153,8M 70.905

43.181

lei.iie
8e7,43«

89,489
7.835

109.487
43.41U

51.843
28.096

1S9.070
90.271

MobUs
norMa.

M.A39
in block tin was more active at timeo at SsTsnnali
hotter pnoes. and the cloae ia at 23'55c. for Dec. and 22 65c. Chsrlenon ...
8.472
Wllmlaalon...
for prompt shipment. Measures have been adopted looking
13,905
Norfolk
to a reduction in the oatput of ingot copper, but the close is West Polnuao
witlwat decidwl advance and Lake is quoted at 12c.
7.8.18
New Torn
Ocaan frt-lghts hare been rather quiet, especially in grain Boston.
4.S27
which Bultlaors
Upmaota, owing to the scarcity of room oSerinif,
S.983
quoted to-day at i%<l. PhlUSeU'a tc
fSTora the maintenance of full rates;
9j, per quarter t» Cork
to UTwpooi. 5^d. to New Castle, 8s.
SI .816
Total
for orders. BuiUnaia In petroleum charters has been fair for
Tr««> IS83... 9-.712
oasea to AsiaUo poru.

V'b'Jo

7.«8

8.478

70.725
2.008

17.349
4,8d0

ie4.t!03

S8
3,289

1.104

atl,S23

13.906

8,758

4.800
lb,7S9

8,(i'7

89,383
70,7l«
4,8011

17.198

30.304
29,»«8
11.981

8.888 "80,630 iia.ma "77«,58« 128.199
80,231

87.80S

iM.2M

631.840 184 07.1

6e.;i77

7U0
6,l7a

184

6,214
847.S43
81.108
84,734
18,»4S

a84,4B4'l,189,879

438,044 1,183,499

THE CHRONICLK

610

Iq addition to above exporta, our telegrame to-night also give
OS the following amounts of cotton on shipboard, not cleared,
the ports named. We add similar figures for New York,
which are prepared for our special use by Messrs. Carey, "Sale
ft Lambert. 24 Beaver Street.

aaai

t

E2
o

LT-

Oilier
Ortat
France. Foreign
Britain.

New Orleans

28.383
8.0O0
6,400
29,t00
17.696
32,785
6,400
10,uO0

29,112
None.
1,100
None.
1,019
None.
None.
None.

Total 1886. 138,669

31,231

72,344

93,653
151,941

17,855
46,084

74,255
69,341

8,482
5,000
2.500
4,200
9.922
1.097
None.

Ooarleston

Bkvannah
Oklveeton..
Norfolk

New

York

berporta

Total 1885

TotaI1884

11,3(10

Leavint;
Stock.

None.
31,201

273,445
213,030
285,404

were
In the market
active at buoyant values during Saturday and Monday. The
generally favorable character of European advices including
a dearer Liverpool and an active Manchester market and the
more peaceful aspect of Bulgarian politics all imparted some
confidence to the bull party, and by alarming the "shorts" gave
rise to a demand which carried values to more than thirty
points above recent inside figures. There was much 'covering" for account of Southern operators. Then came sales to
realize profits, under which there was a decline and a very
feverish and unsettled market, which continued throughout
Wednesday and Thursday. To-day ths market opened on
some advance on the reduced crop movement, soon relapsed
into duluess, but as compared wiih last Friday closed a few
Cotton on the spot sold to some extent for
points dearer.
export, but remained quiet with the chief demand for home
To-day the market was quiet at 9 316o. for
consumption.
modling uplands.
The total sales for forward delivery for the week are 535,100
For immediate delivery the total sales foot up this week
bales.

s

Nov. 13 lo
Hov. 19.
Ordln'y.^llb

BtrlctOrd..
Good Ord..
Btr. (i'd

Sal.

to®

MO
OU5

67,8
6 'a
''"IB

Btr.L'wMld
Middling...
6ood Mid..

6I>8

81'ie

9

9

9',

8n,g

?.>

Btr.G'dMld 9i'l« 9"l6
Mldd'gFair 101 u 10li« 101,8
fair
IQl'lf 10"ie 1011,
Wed Th. Frl.
,

Otto®

67,8

BtrlotOra..
Good Ord..

6 '8

6-'8

713,j

7l»i6
8'4
8II10

.

<->;
-

.

Middling...
ftood Mid..

/..Btr.

SM
8'li8
9
93i9
97,a

G'dMia b"i8

Mldd'gFair 101,8

'

lO's

Wed

Th.

Frl.

658
71,8

65s
71,8

71J,8'

8

8

84

87,8

81118

b-'B

b'^u
878
93,6
93«

658
71,8
8
87,8
878
93,8
93e
958
978

9
93,8
8»8
93,8
93,8
9'' ,8
858
y7.«
911,8 911,8 978
101,8 101,8 1014

Good Ordinary
Balot Good Oidlnary
l/>w Middling
Middling

958
97,

TEXAS.
658
7'18
8
87,

8'8
93,e
938
968
9^8
10>4
10^9

10 >4
IO'b

Wed Th.
658
71,8
8

658
7iie
8
87,8
678
9»,8
938
969
97a
1014
1078

873
83,6
938
9<>8

978

lOH

10^

1078

1078

lo's

moil Tuea

s«t.

Wed

6I4
eu
616,8 61!>,8
7%
7\

614
61^,8
858

858

Tl».

6I4
615,8

8°8

|llb,

I

I

85s

2

©to

o

»

're

!

•

»."•:

I

66

tOtOO'O
cici^-j

OS

tO-M-«
i.^h>Om

e.®:
00
®tOO'.0
lJ.>10^

ceo

KtO

2

Sx-

i

port.

OF SPOT
Oon-

Quiet HUil sicady

30 d!

238
432

bteaily

150,

690;

Bat.. Firm

Mod

.

Tnea

Wed

toro

2

coco

2

«oo

tOtOgto
tOtOo®
wt;o©cg

tOtOC®

Total.

,

2
©

IS'co

o
o

Total.

Sales.

2,53r535,100l

ccp
'

o
tooto

ocn;

I

.«to_
tOQtO

CO

I

**

au>:

£1 -i2

CO
too®

o*
1^

c^ico
I

CO

d

(id

2

01

I

OOtOM"*

to
,

totooto
(* fi

^

CD-.!

2

coa

I

coco

C

d

I

io

(DtOc®

tetpoto

tc®

;
a

CT-rfi.

^

».®:

I

© ft

tbe

o«

m',

"

to to

CJ"U«©|^

^ O en
to
o

^to

l^lU^iU

to

Oi

tc to

^

®®

eitit
(^-to

CJi^

t6
"^

<

2

cji-jt

"

0510

ir

1

mtpoto

'O
totp

»©=;•

c;
ct

:;!

00

H

(O

"^

toso®
CJiyiOcjl
tott
y
com

5

dd
en

»

•<

9.®:
totOoto

•<

00 CO

»<»;

I

to

dd©d
CO
'^

®®

9

IJ

-j-j

*•

2

o®
o
o

I

to

9

:

totooto

tttooto

coxO»J

-j-*|0<I

KtO

to

2

I

9to:
C3

(CtO^EO
-4-jO-J
--

ccto

I

a
*j CE O
0«

03-

too

C

»
CO 00^ -j

-'1

«»

:

ociCD^db

QD

5 ob

i*

I

CD
GO

d:

:

I
'

5

C5C0

A

cc

**

I

1

I

3

lO's

I

I

i!:

5

oboo

2

cc5®x
— o CO
?

ccobOob

I

Cfcob-ob
o«

I

o»:

I

10

9:

:

I

=
I

1

1

1:

I;

I

I

I

I

I

I

I

>
•^

5

858

CD©

<ft

•^i

**

10;

Prt.

5

00
9*^:

© w:

t- oa

1>H

cccDceo

OD

'T-

f-to

**

'^

«.•;

or 00

2

COCO

tOtDo©

83,8

1

3
I

I

10:

i

I

li

Inciunen sales In Beptemher, 1886, IJr Bepiember, 42,900; September-October, for October, iiS 7,200.
cnn tttiove table, and sliaU oontlane each
.-tr We uave iiiuiuued
Wc^eK to <lve, tbe average price of fatureH naob day for each montb. It
>

m

found aader each aav following; tb** >ti>brtjViattoa '* Aver." Tiie
areraee for each montb for the week U also given at hoUom of table.
TraDBferahle Orrtem—Saturdaj-, 9"10o..
vl.mrtay 9'15j.;
laesday,
9-05i-. Wednesday, 9 050.; Tborsday, 9-05o.; Friday, 910c.
(tti

;

Tbe followina:

Tbb Sales and Pbioes of Futubss are shown by the follow

CO

©to

c;i -ji

2
**

o®:

V> Ul

<

too

2

-j-j

»1-

938
95g
9^e

day

5

It ni

1

toscte

®® 5 ®e
-iJx

I

100

ijt

tc®

-J

oc

CC»

100

wO w

tc to

11^*3

CDob

Delivtriet

bj

OOhD

it>to

»?>:

CJI

2

2

ocioia^
».":

to

V>

Qi

•re

tcto
*-co

(OCC0-.0
CJi

^©(O

--©

9

C;iO

xtcoto
10

-.

I

.^

tcto

1

ap:

:;<

5,®
0-,

O ^1

»«;:

ef.

to-

.Tl

®® 5
9
10(0

cn^o"^

c*

w

ISO

i

»o.

I

®® 5

®® 5

5 to®
2
^

MIOOm

-J

tcto
tl(0

cr.

*<

S.-!
CO
totooto
CJ>cJ»OcJ*
o-.<i
n^

®®
M»
to -I

tOtOQtO

= .^

10
*-

I

«»

to

o

2

90:

I

totocto

I

J.©CJ1

1

c;<*-^

658

276 85,3i;0

dally deliveries given above are aotaally delivered
previoas ro Clmi ou whion t.ney are reported.

^,

aco:

I

toco

Prt.

233 102.600
732 109,400
710 LU4.100

450 2,0811

iog comprehensiTe table.^

*i

coro

;,

t-'..^

;
a

^£.

6 i';
lt>.

trill

2B6| HO.Kuo
•2m 42,8 >0

The

oDtOta^

CT^_CC

®®

o '^ to

ccto

Ca:co

coioto"*

2

C^iC^ttO^

I

c;ii^

CO

to

c;i

»<»:

CO

<sto

K

to

Ig^

OD

l«:

2-6
249
276

quie;
Ibure S eady
Ftl.. C^uiei and steady
.

O'V*

tSi('

107e

AHll TK.«ilSIT.
til.

mo6
o

^|^^

totoOto

I

6^4

Spec- Iran-

rump ul'fn

2
« r":

I

ifcco

1

:

»"•.'

I

CO

c

(OKI
CO .-».•<

=

totooto

The total sales and future deliveries each day during the
week are indicated in the f oUowmg statement. For the con
Tenience of the reader we also add a column which shows at a
glance how the market closed on same days.
BAXJIS

is-Wm''

to to

HABKET AND BALES,

SPOT If ASKET
0LO8ED.

2

«-i:

®® 5

O
®® 5

2

|9

ceo

CO

15

5

totooto

fa.

to

OtOo®

toto

00

s

I

<0

1

eoOo c6©6
®® 5

o ox

7%
&58

a;

00
sod:

I

tSlf*.

66e
7I16
8
8'l8

93.6
938
W»8
978
10>«

CO

u
I

2

»."

"»-o

to

521

:

®®

to®
ccw
H.

o

cdoo c6c6

^oto teoot^
»-

2
"

CO

I

toOro

obo

too"

-1

0.5--:

I
'

ex

non Xnca

658
7I16
8
S'le
8 '8
9S,8
938
9=8
978

lOH

10U„ lO's

STAINED.
'

l(ll4

9

10'll8

Fair.

9=8
9'8

2
*"

cjicil

658
71,8
8
87,6
s's
&S,8
9^8
858
8^8
1014
10^8

8%

^

®to
to—

tooo

e'ls
6'8

Ordliiy.«k

€.7,8

Btr.G'dOrd
Lew Mldd'K
•Btt.L'wMia

8'18
8'8
93,8

8=8
978
1014
lo's

9718

9^16

8

87,8
8'8
9».8
938

9

93l8

'he

8

8H

658

71 16

67ie
e^g

6''8

713l8
8'4
8iiie

Ord SH

IjOW Mldd'K

6T,«

00
too

I

to

nion Tnes Sat.

Sat.

2
""

o£SciaI quotations fcr

NEW ORLEANS.

Mou Toes

^
5

M-.1

i

DFLAND8.

2

otcgte

I

ocO

con
I

I

were to arrive. The following are the
each day of the past week.

5

CO

'

—

-jo
to

tcto

—

—

5

Bi

;

®o.''

00©

00

—

—

'f

SJO-tH

cbO

for cotton for future delivery dealings

2,531 bales, including 450 for export, 2,081 for consumption,
baits
Of the above,
in transit.
for speculation and

Bi

- £ o ^'e

665 052
515,912

3:i.882

6;

Bi

i

Hi

!_.

fCjn

ft

590,880

22.267
18,038

-

I

*

00
CO

51,2t6
21,161
135,887
57,994

32,V98

02.S.S
»e»5

3.;

58 455
97,636

44,.i<0

S:

:

<5l

155.543
129.^8

100,765
13,000
21,000

17,000
11,000

3,661

None.
10,600
1,000

f^

**

Total.

wite.

S4.783
None.
11,000

MobUe

O

Ooatl-

E.S«

E.

i

Ore Shipboard, not eleared—for

Son. 19.

C>oo c
sdtp
i o » &

O »O

i

2!

E.
p,

:
.

3

lXlt7

15 Eg

lE.g'

XLIU.

[Vol.

exohanjifea

have been

•50 pd.toexcb. 1,030 Jan. for June
-t8 I'd. to e.KOU. 100 Deo. for M-ir.
•S8 i>d. lo «xcb. 2,500 Duo. f.ir Apr.
•09 pil. to exoU. •./,600 Ddis. for Jan.
lit (Ml. til Bxoli. 9'Hi Doc. tor Fab.
•40 pd. ti) excli. 100 Feb. for June.
•10 p'l to t-xo^i. 10 .fan. Cor Feb.
39 pd. to exob. 2.500 Djo. for Apr.
'21 pd. to excU. 400 Jan. for i\I.tr.
I

m'i'te

duria< the week

100 Jan. for Feb.
5 J > u JO. f'>r Jan.
pd. to M.xob. SiiO I)d0. for Feb.
lid. Ill Bxob. 700 J tu. for July,
p I til oxuu. lit S'if. tor l>80.

-09 pel to exoU.

10
-iJ

1

-6

1

03

.1

1.

1

rttori.

I

'il t> I t'l ox.ju. lOJ l>eo. for Feb.
'21 pi. to « cob. 200 J 1:1. for
ir.
June.
30 pd. tJ ezcii. 30l) Afar,

^r

H

Thb Visible Sdpply of Oorrosto-ni^ht, aa taidaup by osbl
a d telegraph, is as follows. The CmCiaensilacojij. ai well a
taode for Qreat Britain and the afloat, are tlij waak's returns

NOTUtBEB

THE CHRONICLE

20, 1888.)

Aid >«nsequently all the European figures are brought down
(j Thursday evenum. But to make the totals tbe couiDleD^
figured for to-night (Nov. 19«, we add the item of exports ir>.
the United Stateti, includmg in it the exports of Friday only.
1885.
1836.
1884.
1833.
B .ook at UTerpool
389.000 433.000 433.000
balsa. 40l.i>O0
17,oOJ
20,000
&4.000
46,000
auMkM Umdoa

m

Toul Oreat Brttaln stoek

418.000

131.000
8.000
90.000
5.000
10,000

404.000
3.O00
32. 3 JO
21.000
6 JO
2,300
110,000
3,000
34,000
6,000
5,000

203.900

.

220,200

•nek at aamburg
took at Bremeo

i.esjo

16.800
5.000

Btook at Amatenlani ..........
Btook at Rotterdam
Btook at Antirerp

300
1,300

Blookat Ha^ie
Scook
Btook
Btook
Btook

at aCarselUee
at Barcelona
at Oeooa
at Trleate

Total Coadneiital itooks

Total European stooka .... 631 .900
cotton afloat for Eoiope.
34,000
.Aaar^oott'nadoattorEor'pe 457.000
I odla

66,0O0
861,325

Cgjpt,Bnull,AiJ.,aatforE'r'pe
Btook is United States porta ..
Btook In D.B. Interior town*..

30l.>-2t

CUtedSUteaszportato-dar..

15,346

629.200
29,000
537.000
36,000
778.082
274,348
4d,065

477.000
4.O0O
33.400
33.000

kTS.OCO
2,000

900

1.500

1.7C0
135.000
6.U0O
23,000
6.000
8.000

132.000
6.OO0
35.000
6,00u
9,000

231,000

284,300

724.000
49,000
610.000
44,000
601.316
212.415
1

1.00 J

237.000
lio.ooo
*«)••• aBoat (or Europe. . 457.000
864,325
CalM«8t»toaatook
Oaiiod States Interior stoeka.. 3A1.&2(
bales

OoattaaaM

UailedBtotasezporUMHlar..

15,346

274.000
144.0C0
637.000
778,032
274,344
" 46,055

328 000
lU.OilU
610,000
801.316
213,415
11,000

yUOTATIOSS fOR MIDDLINO COTTON AT OTHER MARKETS.
the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each

I

I

day of the past week.
Weele erutittif
Noil. 19.

CLOSINQ QOOTATIONS rOB MIODMNO OOTTOM

aaiw.

Man.

Tuof.

Wtdtua.

8»ie
H»l«

89.;
S'g

8=8
8°8
8i«

8»9

»»8

8»8
8<^
8>s
8=8
8=8

8^

8^

8%

815,B
96,6

ON-

Ihurt.

«'8

fri..

as ouo
4.50i;

r62,3oo

QalvestoD

New

...

Orleiuu.

MobUe
Savannab.
CTiarleston

fc»16

..

8»8

.

Wilmington

8%

..

Norfolk
Boston
Baltimore
PhUadelphla.

Mempbla

8''9

231,000
188 OCO
493!ooa
931.806
313,593

6''8

9a,

9^16
9>is
9i^
8'19
S".
8»,«

9i,g
9U.

at. Lo'iig

....

Cincinnati...
LonlnvUlo....

8I>8

8«8

8*»'s

Aaguata

76.00-J

931.806
313,593
16,600

8^
8»18
84

f^n

4 >.^.000
55.000

Ot tk«aliOTe.tk«totaU of American and other deaerlptlona are aafoUoTe:
AaMrMal»—

U mml etoefc.
stooka

week last year, and since September 1 the receipts at all the
tj>wn8 are 37,098 bales m')re than for the same time iu 1885.

5(1.300

2,360,395 2,329.685 2.455,731 2,650,298

total Tlalblesnpplr

611

8>9
8»18

8i»i«
9»18

M'm

6li«'ff'«

9%

939
8>a
8",.
t»8

87,„«^
r'«

BH

8%

6H
8%

B*»

888

8»8

8%
8%

8=8

8%

8=^
8>S

8si
8=8
8=8

8%
8=8
8«
8%

'6,8
91 8

»'l«
P'lS
9=4

94

S^s
8" 8
6=8
83t

8><»«i«
(•».«

6=8
8=^

8%

9%

Receipts prom the Plantations.—The following table
indicates tbe actual movement each week from the plantations.
The figures do not include overland receipts nor
Southern consumption; tfaey are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market throtuch the outports.
BacMrUatlhtParU.
BnOint-

16.6

ISdS.

1861.

;

'ttltat Jnt4r«ir Ibwfu.

1886.

1884.

|

188S.

|

188S.

Rte'vUSrem
1884.

PUuam

I88S.

I

1886.

I

TMalABMCloaa

1,085,495 2,057,485 1,673,731 2,175,998

Mml Indian, Brant, dc—

16t.000
17.000
BS.900
34.000
66,000

Umdanatoek

OMMMMal stooka
jam* alloat lor ^orope
$9pt.BnaU. Ac, afloat
XMal Beat India. Ac
TMalAmeflcaD

115,000
20.000
72.200
29,000
36,000

195.000
54.000
140,000
49.000
44,000

201.000
4b.0J0
96,300
76.000
55,000

374,900

I/l*acpaol stook

272.300

482.000

474,300

1,985,495 2,057,485 1,973,731 £,175,9j8

2;360.3SS 2,329.6<>5 2.455,731 2,65''.398

J*lsiblaanppU

5S,.d.
5»i,d.
rrtMjiid.Dpl., Uverpool....
H^no.
•MmOHUpI.. Mew York...
9*ua.
The imporU into Oontineatal ports this

1^

5VL

IO10.

5i&,kd.
10>ar.

week have been

U^lwlsa.
TlM«boTe flfnuMS fruW^H an inonate in the cotton in sight
to-night of 80,710 bales as comparedwith the same date of
188S, a deereate of 95,830 bales as compared with the correepofuiing date of
IMM and a deereate of 289,903 bales as
oonparad with 18S8.
A r THE IHTSBIOB Towm the movement—that is the receipts
to the week aad sinoe Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding

Oot. 18..

-

n.,
-

V2,<»4 119.132 143.(32 :86.8S9 260.838 S<t2,6C6
.«»,llS2ei.704'28\818 12a.51l|lltl.;8»l(?6.5<l 331.969 Stl3,154 308.4S7
277,47o'26.S.0<3J254,4S.'i 18«,tl5^'l^u«.S07 228,997 304.017 'SIS.HsIsOI.mBS

Not. S
12..

It

Mi.im

.

231.«D1 230,288

257.aillir7J,«2.)'271.C«5 171..»^'21«.t)H279,<t84»78,»7»'a«,S-9 822,368
26tl,ll4V<l2.061|>73,330 18i>,»7ol2TU,B31 1317,897 2iM,088'l:S3,34^^:l,Bt3

Ia58.rr4'a70.4ai|a8(t.l»g 22B.W)|30M.t«ll337.18o!lW9.g<3!ab9.751 |:!88.o;»

—

The above statement shows 1. That the total receipts from
the plantations since September 1, 1880, are 3.4413,733 bales;
in 1885 were 3,4'"i8,76S bales; in 1884 were 3,433,083 bales,
3. That, although the receipts at the outports the past week
were 36'J,598 bales, the actual movement from plantations was
388,079 Dales, the balance giing to incr<'ase the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 399,7.51 bales and for 1884 they were
389,343 bales.

AMOUNT OP Cotton in Sioot Nov. 19.—In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to Nov. 1, and also the
takings by Southern spinners to the same date, so as to give
aubHlantially the amount of cotton now in sight.

period of 18811—18 set out in detail in the f oUowinic statement.

1886.

9>0

ReoetpUsttheportsto Nov. 19 2,157,612 3,165,357 2,2iiO,759 2,198,099
Interior stooka on Nov. IS In
289,120 293,411 212.324 310,592
ezceaa o( September 1

a

It

—

lit

m

S

188S.

1884.

1883.

Tot. recplpta from planta'tnai2,446.732 2,458.:63,2.433,083 2,508,691
1 20,080
to Nov. 1
153,156|
98,^71
126,839
6S.00<
to Nov. 1
60,000
50,000
59,000

Bet orerlanil

HH.*- ?

ce 2-«»

SuatUem oonsumpt'n

:

S e

W

f:
I

f

i

il^i

§»: f:

2,634,818 2,671.924,2,591,3:^7 2.694,9SO

Total In Blgbt Nov. 19

:
:

Northern spinners' takings to
Nov. 19.

••M*«

444,839

474,500

3%<,555

523,452

senn hv tbe above that the dnoreaAO In amount In sight
to-nlght. as oompared with la«t year, la 37,106 balen, the lucrease
as oompared wltn 1884 la 53.4'j1 bales and the decrease from 1883
59.732 bales.
Ft will \h\

M
«4

c^'-»4

Weatbeb Reports bt Teleobaph.—Our advices by telegraph to-night indicate that tbe temperature has been low at
the South (luring the week, and that in some sections rather
heavy rains have interfered with crop gathering. Killing
frost and ice are reported in most localities, and at Nashville
thi first snow of the season fell on Wednesday. At many

M A w a> c ^ u a ic CO « cc c^ > CO CB "^ OS

M

S3iS

U

10

00 31

» aU '^ c0* K io*« •a'tA bo — cs

is nearly finished.
Oalveston, Texas. It has rained on five days of the week,
the rainfall reaching one inch and six hundredths. There has
been killiog frost and ice on one night. The thermometer
SV^((|[ed 53, the highest being 75 and the lowest 35.
have had rain on two days of tbe
PtUetUne, Texas.
week, the rainfall reaching eleven hundredths of an inch.
Killing frost and ice on three nights.
The thermometer has
averaged 47, ranging from 37 to 63.
New Orleans, Louisiana.— It has rained on three days of
the week, the rainfall reaching one inch and five hundredths.
The thermometer has averaged 60.
Bhreveport, Louisiana.— TeXegt&va not received.
Columbus, Mississippi. It has rained heavily on two days
of the week, the rainfall reaching four inches and ten huudredttiF,
Picking is virtually finisbed. The thermometer has
averaged 46, the highest being 64 and the lowest 30.
Leland, Mississippi, It has rained on two days of the
week, the rainfall reaching one inch and fifty- four hundredths.
The thermometer has averaged 479, ranging from 37 to 70,
Qreenville, Mississippi.— Ahoat seven eighths of the crop
has been picked.
The crop is shorter th^in was anticipate(^
Ice formed on two nights of the week. The thermometer has

points picking

bA

oS»*.

ii *a >4 tf -4 ^ •^ en ;^ <0 ^ W £ w *• CO ^ n

t
'3

u

'it

tun
p

*

o M»N*»go KMMW
Mi-fS^aCa^Q
«s*
09«Q-4u;^*eoeoaBoaco"'OdOb^
-^OgDO W-JO 9^000*00 GO -4 ^ 01
C^i^

WAM

.-

TMs year*)

The aboTs

MkaoOMQOUWM

8c*9kcaiae?»'uai9[»Mgk*«QD*ia>^-'
«i 16 noi^o o »d#- « a Qoa a (0 A CO o

m

show that the

old interior stocks have
hales and sreto-nicrht 37.4TD
bales more than at the same period last year. The receipts at
ttaBBBine towns have been 13,432 bales lets than the same
totals

— We

—

n«raras estimated.

<ncrea««fdorin«rtbewmk 17,819

—

—

ranged from 30 to .IS,
Clarksdale, Mississippi.— "We are having too much rain, it
having fallen on three days of the week, interfering with picking. The rainfall reacced one inch and eighty-four hund-

THE CHRONICLE

612

Ice formed on two nights of the week in this vicinity.
tbitds of the crop has been picked and is being
freely marketed. Average thermometer 43'2, highest 73 and

redtbs.

About two

lowest

27.

—Telegram not received,

Arkansas,
Helena, Arkansas. We
week, the rainfall reaching
The weather has been too
Little Rook,

—

have had rain on two days of the
one inch and eighty hundredths.

bales, and an inorease in shipments of 3,0r)0 bates, and
shipments since January 1 shew an inorease of 331, 000 bales,
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of January, for two
years, has been as follows.
"Other ports" cover Ceylon
THitioorin, Kurrachoo and Coconada.

3,0OC

Shipments for the week.

cold for picking, and the rain has
also caused interruption, but over two-thirds of the crop has

been gathered and is being marketed freely. The thermometer has averaged 87, ranging from 28 to 68.
Nash'oille, Tennessee.— It has rained on five days of the
week, the rainfall reaching two inches and thirty-seven hundredths. Snow fell here on the night of the seventeenth— the
Average thermometer 43, highest 65 and
first of the season.
lowest 24.
Mobile, Alabama, It has been showery on two days and
has rained severely on one day of the week, the rainfall reaching one inch and forty-five hundredths. Killing frost on
Wednesday night. The tributary rivers are higher. The
thermometer has averaged 53, the highest being 75 and the

—

[Vol. XLIII.

Great
Britain.

Continent.

Total.

Oaloatta—
1886
1885

ShipineTits since

Great
Britain.

Continent.

1.

ToUU,

61,000
69,000

37,000
18,000

98,000
77,000

37,000
13,000

5,000

i',5o6

42,000
13,000

Madras1886
1885
otbere—
1886
1885

January

i'.soo

\11

1,500

2,000

3,500

66,000
61,000

51,000
64,000

117,000
125,000

3.000

2,6o6

s',6o6

164,000
133,000

93.000
82,000

257,000
215,000

otal all-

1886
1885

The above totals for the week show that the movement from
foar days in the the ports other than Bombay is 5,000 bales le.ss than same
early part of the week, but the latter portion has been clear week last year. For the whole of India, therefore, the total
and pleasant, the rainfall reaching two inches and thirty-one jhipments since January 1, 1886, and for the corresponding
hundredths. About all the crop has now been secured. The periods of the two previous years, are as follows:
BXPOKT8 TO EDBOPB FROM ALL INDIA.
thermometer has averaged 52, ranging from 83 to 72.
Memphis, Tennessee.— IX, has rained on four days of the
1885.
1886.
1884.
Shipments
week, but the weather is now clear. The rainfall reached one
to alt Europe
This
Since
This
Since
This
Bine*
ranged
inch and seventy-five hundredths. The thermometer
from—
week.
week.
Jan.l.
Jan. 1.
week.
Jan. 1.
from 30 to 63 -5, averaging 48.
Selma, Alabama. It has rained on three daysof the week, Bombay
4,000 1,013,000
1,000 692,000
9.000,1,160,000
5,000 21,'>,000
257,000
6,000 296,0CO
the rainfall reaching one inch and ninety-five hundredths. Mlotherports.
The thermometer has ranged from 39 to 69, averaging 53'5.
Total
4.000 1,270,000
6,00ol 907,000 15.0C0 1,456,000
Auburn, Alabama. There has been fine rains on four days
Alexandria Receipts and Shipments. Through arrangeof the week, the rainfall reaching two inches and ten hunCo., of
dredths.
had killing frosts on Saturday, Sunday and ments we have made with Messrs, Da vies, Benachi
Thursday, and ice formed on Sunday, Wednesday and Thurs- Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
day. Average thermometer 50 3, highest 68, lowest 30'5
Birmingham, Alabama. It has rained heavily on two are the receipts and shipments for the past week and for the
days of the week, with heavy winds. Picking has beea inter- correspondiner week of the previous two years.
rupted by the rain.
Alejeanana, Savpt,
1886.
1885.
1884.
Nov. 17.
have had rain on one day of the
Madison, Florida.
week, the rainfall reaching one inch and twenty-two hun- Keoelpts (cantars*)—
dredths. The thermometer has averaged 64, ranging from 33
TblB week
190,000
180,000
200,000
ainoe Sept. 1
982,000
to 81.
1,033,000
1,043,000
Macon, Georgia. It has rained on one day of the week.
This
Since
This
Since
This Since
Columbus, Georgia. We have had rain on two days of
week. Sept. 1, week. Sept. 1. week. Sept. 1.
the week, the rainfall reaching two inches and thirty-six hunExports (bales)—
dredths. Average thermometer 49, highest 65, lowest 31.
21,000 81,000 14.000 61,000 10,000 76,000
ro Liverpool
Savannah, Georgia. It has rained on four days of the
4,000 21,000 9,000 29,000 9,000 23,000
To Ooutlnent
week, the rainfall reaching forty-four hundredths of an inch.
Total Europe
125.000 102,000 23.000 90.000 19,000 99,000
The thermometer has averaged 58, the highest being 77 and
* A. caQlar is 98 lbs.
the lowest 46.
This statement shows that the receipts for the week ending
have had light rain on three days
Augusta, Georgia.
of the week, the rainfall reaching fifty-eight hundredths of an Nov. 17 were 190,000 cantars and the shipments to all Europe
inch. First ice of the season formed on Sunday night. About 25,000 bales
three-fourths of the crop has been picked and five- eighths marManchester Market. Our report reofived bv cable from
keted, and marketing still continues free. There is les-* cotton Manchester to-night states that the market is firm for both
now in the country than at this time last year and indications yarns and shirtings.
give the prices for to-day below, and
point to a falling off in the product from last s ason. The leave those for previous weeks of this and last year for con>
thermometer has averaged 51, ranging from 35 to 78.
parison
Atlanta, Georgia. Telegram not received.
1885.
1886.
had rain on two days, and the
have
Albany, Georgia.
Oott'n
Cotth,
pleasant. The rainfall reached
remainder of the week has been
8>« lbs.
32« Cop.
82* Oop.
8H Ihs.
Mid.
Mid.
one inch and seventy-nine hundredths.
Ice on one night.
Shirtings.
Iwisi.
Shirtings.
Twist.
TTpldM
Upl'i
Average thermometer 53, highest 76, lowest 31.
d.
d.
d.
8.
d.
a.
d.
A.
d,
A.
8. d
Charleston, South Carolina. It has rpined on four days
514
7 ®7 1
»7ia
7i=ua89i(,
6 96 6
of the week, the rainfall reaching thirty -one hundredths of an Sep. 17 7
••
7 «7 1
7 a6 7
5% 716j8989lt
24
inch. The thermometer has averaged 57, the highest being 74 Oct. 1 1\ »7%
8 «7 2
7'«1»6 7Hi 5'l6
"
97 2
7ifl«6 7»» 5Bi« 8
f»8N
5»a
and the lowest 34.
8 73,8-711,6
" Ifi Tig ®7'8
»7 2
7ifl*6 7»s
<
aSH
Carolina. It has rained on three days
Stateburg, South
" 22 7'u-7ii,6
7ia»6 7's 56ia 7iBi„ai8<ig
»7 2
of the week, the rainfall reaching sixty-four hundredths of
i7
IJ3 5J4
" 29 7i8 ttlH
T'a ®8'a
71a »6 7i« 63,
»7 l>a
an inch. There have been light frosts on two nights and kill- Nov. 5 73i8_711,6
IH*^ 7>s 518 7% 8838
" 12 73„^-7Hi6
8 •»7 1^ 5J«
7ia96 7'« 5>8 7=8 a8l8
ing frost and ice on one. The thermometer has averaged 53,
" 19 738 38
8 97 IHi 53ig
7'si6 718 53l6 7ii,ga83,f
-lowest 32.

Montgomery, Alabama.

—We had rain on

—

—

—

We

&

—

—We

—

—

—

—We

—

We

—
— We

:

—

—

ranging from 81 to 73.
Wilson, North Carolina. Telegram not received.
The following statement we have also received by telegraph,

—

showing the height of the rivers at the points named at 3 o'clock
Nov. 18, 1886, and Nov. 19, 1885.
Nov. 18, '86. Nov. 19, '85.
Inch.

Feet.

Inch-

Orleans.... ..--.Above low-water mark.

1

6

4

Above low-water mark.
.....Above low-water mark.
.. ..--.Above low water mark.
Above low-waier-iuaik.

3

8

18

9
8

8

6
1

Feet.

Hew

Hempliig
HashvlUe
BlireveiJort....
VloksbiiT);

7

1

MlS9 Ins.
4
4
21
7

—

India Cotton Movbmknt fhom a.ul, Fokts. Tne receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Nov. 18.

BOMBAT BBOBIPTS AND SHIPMBNTS FOR
Shipments this week

Tear Great OontiBril'n.

nent.

IFOUSl TBAJBS.

Shipments Since Jan.

Great
Total. Britain

Oontinent.

1.

Receipts.

Total.

4,000'328.000 685.00C 1,013,000
1886 4,000
I,"00z20.000 472,000 1)9 2,000
1885 1,000
1884 2,000 7,000 9.000507.000 653,000 1,160,000
1883 6.000 4,OOo:iO.OOOl460,000|787,000 I, ,i 17,000

According to the foregoing, Bombay appears to snow an
increase compared with last year in the week's receipts of

East India Chop.— Messrs. Gaddura, Bythell & Co.'s report
dated Bombiy, Oct. 15, had the following
The monsoon "ppears to be over In Bombay, and our days are bright
and fine, tbouKli there have been a few llsht showers iu some of the
Deccan and f erar districts since last week. From up country opinions
seem to be divided as to whetlier a little more rain will ba benetlcial or
otherwise to the growing cotton crops, but except In the immediate
vicinity of Bhownugsui-. where the plants »'e deoic1edl.y in want of
:

we do not think a further fall is neccHsary, though if we are
have any more ran it is to be hoped that it v ill come down soon and
not In December, as it has done of late years with disastrous effects.
e decidedly favorable.
Cotton crop prospects for the ensuing season
Jute Butts, Bagging, &c.— Not much activity is reported
in the market for bagging, and only ali ght jobbing trade is
being done. Prices are easy, and a buy r of a large quantity
could obtain a concession. At the 'loe> S3ller3 are quoting
6)^0. for 11^ lbs., 7(3. for \%Vos.,TX' for 3 lbs, and 8)^c.
for standard grades. Butts have been taken in small lots at
previous figures. About 1,500 bales have sold at l?s@ 1 II-I60.
for paper grades and a@ 31^0. for bagging qualities, the market closing at these figures.

moisture,
to

Comparative Port Keceipts and Daily Chop Movement,
A comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same day of

We have consequently added to our other standing

the month.
tables a daily

and monthly statement, that the reader may
o jnstantly have before him the data for seeing the exact relative

KOTXMBKR
moTement

20,

19».

THE CHRONICLR

I

the yeara named.
The movement since
1886. and in preTioua years, has been as follows.

for

September 1,

Ttar BagiHHtng StpUmitr

lt«ntMy
**«*»"»•

1884

1885

18b6.

aept'mb't
359,303 385,M3
Ootobar.. 1,034,4 '.o! 1,035,' 2

SMal

1883.

349,44)
:

I.

1882.

326,656
980,534

343.812

.090,383 l,O46,09S

1831.

429,777
853,193

1,393,653^1,441,366 1.435,330 1,389,901 1,307,240 1,282,972

t^nrxmge of tot. porti
teeelpu Oak 31..I

3004

26-71

2-66

j

21-72

27-18

This nueinent snows that up to Oct. 81 the receipts at the
ports this year were 47,613 bales less than in 1885 and
12,1T7 bates leas than at the same time in 18S4.
By
adding to the total to October 31 the daily receipts since that
time, we shall be able to reich an exict comparison of the
movement for the different years.
1885

1886.

1884.

1883.

1882.

1881.

Tot.Oo.31 1.397,653 1,441,266 1,439,330 1,389,904 1,307,240 1,282,972
Nor. 1
49.464
6.
31.747
32,374
36.792
29,104
**
3 ...
99.245
52,230
S.
43.639
38,060
27,151
" 8..I.
36,645
48.601
99,119
87,218
41.574
35,983
" 4....
40,678
36,619
40,493
8.
38,904
48,336
" 5....
43,781
27,625
34,866
61,344
8.
31,603
" «....
44,668
66,534
84,599
83.558
49,216
8.
- 7...
8.
27.266
98,307
34,133
42,473
46.365
- 8...
6.
96.690
32.773
29,523
37,.-82
34,301
••
•
46,9
49,911
8.
63,578
36,297
40,339
- 10...
84.769
88,371
4t.99«
33,368
57,777
33,590
- 11...
35.(10
89.972
41,677
6.
38,651
17,069
•• la...
55.01b
33,79i
31,936
97.258
8.
29,130
- 13...
47.217
51,4(9
50,219
39,30
9 2,09(
a.
•• 14....
S.
33,135
6;.76o
31.91;>
31.581.
36,743
56.538
8.
29.89:
81,427
32,175
33.669
" 16....
41.081
98.629
8.
57,38 1;
47,217
41.244
- 17....
89.437
44,132
M,19i
28,538
55.455
25,136
" IB....
49.477
39,294
38.6(S
38,822
63,533
"•
- 19....
93.07b
82.920
8I,6JI
49.735
8.
30,309

m

I

Below we add the clearances this week
cotton from United States ports, bringing
the latest dates:
NrW OrLBaNS—For Liveroool-Nov. 13—Steamer
BAVANNAH— For Liverpool— -Vov. 13 -Steamers

2.l.57,61vl2,106,52f- 2.118,60: 2,0)8.852 1.033,893^1,921,137

portrx'p-^Nov.

44-25

41-51

4069
up i3

S2'96l

This Statement sbows that the receipts since Sept. 1
lo-night are now 51,083 bales more than they were to the same
day of the moath in 188.5 and 4 t,OJl bales more than they were
to the same day of the month in 1884. We adil to the table
theperceotages of total poet raoeipca which had been received
to Nov. 19 ia saoh of the years named.

Buiiura Hbwb. —^nie

muocu of

Below we give

ivtumtt, have reached
lSI,tll bales. So far as the Southern porta are concerned, these
are the same exporta reported or telegraph, and published in
the CBBonoLB last TMmj.
with r^ard to New York we
Iwniaile the mantfwitsof all tmshIs ol«ued ap to Thumday.
To^ut bait*,

>SW TOBK—To

Uverpool. p«r steaiBen City ot ClMSter. 1,564
....Pours, l,303....Brpat>Ue, I.373....8ems, 1,211....

WronunK. 1.305

6,7.58

To Laltb, per stcsoMr

ItoBavro, per Mesoiets Ls Boarmna. 1,104
T» B wi Mia. p«r« t ss s r» Eidsr,9M.... Etna. 900
T» Bambarr, per Meaniers Pal}riia«U. 3.337

sels

.

•

^

serious extent.

Ootton freights the past wpek have hpen as follows8ai««r.

U verpool
Do

,

JTon.

TAurg.

»1«»"m8i6«"m

Frt.

'lfc«"«4

saU-.-d.

riavre,

Do

steam

...e.

sail

'Is'

Uo

"l8

'is

''ll

e.

3remen, steam..*.
sail

e.

aamburg, 8team.e.

Do

sail

Do

is

^IS

'le

e.

viust'd'm,s&am

e.

sail...

90355* 90855* 50955' 50853' 50»55' S095S*

e.

'(eva\ steam

d.

sail

•i«8^

*i««*s

•taw's

•l»-%

<!.

Baroelona.8teamd,

>4

d.'

''at

»e49l«

rtleata.ateam...d. 'laS'is
Aatwerp. steain.d. *i»a7sa
'

Widnet

ft«««.

steam it.

Per 100

a

s,

•»$a»i8
^l'*^St

7,

•ss^'is

lbs.

—

By cable from Liverpool, we have the following
iiatement of the week's sales, stocks, &o., at that fort.
previous weeks for comparison.
idd
LivKRPOOL.

Wo

Oct. 29.

the week
batesOf which exporters took ....
Of which speeolators took..

lalea of

ialee

Amenoan

4ataal exi>or-i

VorwarOed
rotal stook— Estimated
Ot which Amerloan— EsUm'd
Dotal

Import of the week......

Of which American
A-noont nOoat
Of which American

.Vo». 9.

90,000
3,000
1,000
41,000
6,OOo
10.000
340,000
170.000
103,000
R4,000
227,000
209.000

60,000
4.000
1.000
49,u0<
10,00<
11,00<
34.S,OO0

170,000

SS.OW

Aop. 12
60,00<

9,0C0
2,00v
47,000
4,000
16,000
341,000
173,001
69,00t
68,000

67,0OC
317,0O(

327,00('

^9.^,noo

308,0OC

Nov. 19,

77,000
6,000
2.000
96,000
5,000
17.000
401.000
237,000
151,000
131,000
286,000
271.000

Wlelsod.

IJWO
T^ AoMtordMB. per •toamer 8eliladaa. 800
Ttt Aatwwy. pee ! — nwrs Bliynlani!, 9<l8....Valan«iU. 1,028
T» On p«a>s » i. psrtsauisraslsnio. 436
lb OMtsaborr. parstssnMrBslsnio. Ml
n> Osaoa, per Meaaar Dovooia, 188
Osuuas-To Uvupool. per tteaman Aotnr, 3,708....
Ameilau, S.lOil .... CMaUn, 4.100.... Editor, 3,743....
i

Architect, 4,162.

AssTBiA, steamer (Br.)—Sixty-seven bales of cotton, ex-steamer Assyria,
from Glasgow, caught Hre night of Oct. 31 while lying at the
Fonte Spiuola wharf, Genoa. The Ore was subdued, but the bales
were all damaged by Are and water, but it was thoueht not to a

1,104
1.830

»

to

news received to date of disasters to vee
carry cotton from United States ports, &c.

300

CrlUo. COO

down

all

Uniud

cotton from the

BMSi the past week, as per Mt««( moi/

our data

Nov. 16-8teamer Nova 3cotian, l,6-.:4.
For Bremen-Nov. 17—Steamer Hermauii, 1,529.
For .Vntweri>— Nov. 10-8teamer Pa.xo, 1,700.
PBU.ADBLPHIA— For Liverpool— Nov. 16—Steamer British Prince.

vieiioa,steaib

39 0;

lt)l

of vessels carrying

Boatoa City, 6,558;
Riclimond. 3,200
Nov. 15— Steiuuer Anerley, 4,875; Bark
Valona. 2.8 il
Nov. 17— Steamer Chelydra, 7,155.
For Reval— Nov. 13—Steamer Syl\ la. 4,850.
CHARi.E8Ti>N-For H.ivre— Nov. 12- Barks Gehon, 3,000: Walle, 1,925
Kov. 1.1— Bark Mulchiorre. 2.300.
WILMISOTO.N-For Liverpool— Nov. 13— Bark Lydia Feschau, 1,272....
.Nov. l3-8ark Jose Giaebra, l,-2<)0.
NTORFOLK- For Liverpool— Nov. 12—Steamer Kingdom, 6,215 .. Nov.
17— Steamer Guldo, 7,660.
Boston— For Liverjioui- Nov. 10—Steamer Palestine, 1,479; Samaria,
25; Vir^iuiau, 1,466
Nov. 15— Steamer Iowa, l,a97.
For Halifax-Nov. 13— Steamer CairoU. 3.
For Yarmoutli— Nov. l7-8teamer Dominion, 50.
BAf-TiMORE-For LiverpiwI— Nov. 13-stoamer Baltimore, 3,899....

Uo
Xotal

613

i

w

3,737

2uO
1,996

489
981

The tone

market for spots and futures each
dty of the week ending Nov. 19, and the daily closing prioei
•t spot ootton. have beeoi as follows:

188

of the Liverpool

Batunlay Jfoiutey. Tufday.

4m(.

Wtdnet

THurid'y.

fVMfav.

Good
Good
Edoaidu, 9,090
.^
19,609
Market, j bculnets
Bareir
In barera'
Btesdj.
bURlness Id barers'
To H»vi». per stssmsr Aanorton. 6.530
6,539
favor.
supported
ix:JOi-.i(.j
favor.
doing.
dolDS.
Ttt Bts i ss, per sIS—»r atsc. 5.60 J
5.900
„
Opl'da
Sa.s
63|«
ATAiniAa—To LiTcrpool, per eteamer Ha«Iieodan,5,100
6»i«
5.100
63|S
5^8
9%
To narre. per •toamar AmaryUu. 4,8»0
5%
4,800 auLOrrns.
To Bu-reluiia.per iteaiiier Ilajr Orreo, 9,061
Wld. Sales
5,0t>l
12.000
12.000
12,000
10,000
8,000
10,000
Speo.Aexp.
OBASLSSToa— To Qverpool, per neamcn Uerbica, 3,310....JeM1,<00
I,' 00
2,000
1,000
500
500
BM>rB,4.<0J
Per bark Po&ona, 2,635
10,438
ruturu.
T» Havro, par lurk Laogeo, 775
779
V» Brsmcs, per •teamrr Anrora, 3.100
3,100
Firm at Staadr at Btasdr at But at
Market,
1.81 deSJMad»» O eaes._per bark Ubele, 90O
Qnlet.
Qnlet.
000 i2:30P.H. ( 8-04 ad.
I
vaooe.
oltoe.
OALTWIoa—lb Uverpaol, per •teamere Avoodalf. 6^48....
Proplt>oaa,4,7ie....rerbarkNala<leB. 700
11,964
Staadr.
Steady.
Qaiat.
Bteadj.
Steadr.
Qnlet.
WluiniOTus— I'o liTarpool. per ataaiiier BuaaTlUe. 4.680
4,6SO
Xoarouc— ru Unrpool. per (laanars Altna Cralf, 8,126....
31>Ub«w UrdlloKtoo and RaglDS. 10.461
l'>,587
The opening, highest, loweet and cloemg prices of futures at
-•
•
-BAlirtMoaa— fu Uvrrpuoi. par taamar Keaemore, 3,415
3,419...
Bosiux-To Uverpuul, perataasMr UtrlaD, 1,3.M
1.39( Uverpool for each day of the week are given below. These
Fhujuikltuia-Tu Liverpool, per Keamer Lord Cllre, 1,960.
1,960 prices are on the basis of Uplands, Low Middling clause, unlesi

n*

.

„

The partloalan

121,2;<1

of these ahipntentsare as follows:

otherwise stated.

tF '^

prieeM are given in pence
I «3-64rf., antt 5 01 mtan* 5 l-gid.

Jimtltntam,
Iniietrp,

Hat.. Not. 13.

Brtwt-luidenit

*H*

IitMr-

Haw
If.

Tort.

9ooL LtUk.
500
6.758

Oriaaaa. 19.099
6.10O
10,433
11.K64
4,880

18.5^7
3.4)5

pyMeins.

....a.

1.391
14»6«

....„

Bam. Hamb,

......

burg.

.....

tona. Genoa.

Tolal,

17.319
31.738
11,961
900 15,213
11.964
4,680
... 13.587
-.
3,415

9,061

....••

1,354
1,960

Um.

Op«n

188

S34>35
500 13,218 14.187 3,212 5,061 1,088 121.221
laaladcd In the above total from New York are 3,133 bales to Hull,
I to Copankaseo sud 200 bales to ChrtoUana.
'

eitht, lAut:

nan.. Nov.

l.J.

4 63 mian»

Tnes.. Nov. 10.

OoUtn- Barte-

1.104 r,?87 3.213
6,539 5,500
4,800
779 8,100
..•••

and

d.

November.. S0«
Nov.- Deo... 5 03
Oec-Jan.... 501
Jan.-Feb.... BOl
reb.'March 5 0^

t.

lU

4.

506 SOS SOS
soa 503 BOS
BOI

5 01

BOl
S0«
Mar.-Aprll.. SOI S04
AprlKMar.. SOS B06
50* Bce
Mar.Inne
Jooe JolT-. 611 Sll

BOl

.

Oku. UPMI Hick Lou. ObM.

9 01

BOl
6(S soa
5H SOI
508 BOS
BO0 BOS
Bll Bll

4.

soe
509
BOO
SCO
BOl

SD8
600
SOS
SIO

SOA
S03
BOl
SOI
603
BOS
BOB
SOS
BID

d.

d.

SOS 606
soa 603
soo 6 01
6 00

6 01

BOl
SOS
SOS
508
SIO

BOS
SOS
6 09
6 03

510

OpmBtth Low.
d.

d.

4.

soa 60S SOS
603 603 903
501 6 01 5 0O
6 01 6 01 600
6 03 soa 6 01
601 601 603
6 06 6 08 SOB
906 606 608
Bll 511 BIO

Olos.
d.

606
BOS
600
BOO
501
608
608
BOT
Bia

THE CHKONICLE.

614
Wadnea.. Not.I}.
0|Mn High Low.

Olot

4.

Than., Nov.

«

d.

Kovembcr.. 8 04
SOI
NoT.-Dec.
DM.-Jan.... tea
463
J»n-Keb
Feb-March BOO
Mar.- Apr .. 60i
604
Apr.-Ma7
May-June.. eo7
Juce-July.. SOB
.

.

Optn Bith
i.

504 504 504
SOI SOI 5 01
4A3 46S 4 63
4 63 463 4 03
ftOO 500 500
SOJ S0^ 5 02
9 04 504 504

IK

lAno. Oiot
d.

4.

d.

601 505
5 01 501
4 63 5 00 4 63 500
4 6:i 500 463 5 0}
500 5 01 500 601
504
SOI

5 05
5 01

5 03
5 08

8 07

5 02
5 04
5 07

S09 509 SOU

609

5 02
5 04

5 10

5 07

5 07

6 03

505
508 5 07 5 08
5(9 SIO

Vrl.,

Opm

Nov. 19.

at—

Wluat.

Flour.

Oorn.

Stih.imthi Btuh.eoWi^ Biuh.su

Hioh Low. Oot
4.

4.

d.

d.

50e

508 5 06

5 06

6 0'.i
6 01
5 01

5 02
6 01
6 01

5 02

5(i2

502 5 02
504 5 04

5 02
5 04
5 06
3 08

5 06

/i«c«4pU

[Vol.

8 06

5 01

601

808
511 511 511
5(18

5 01
6 01
5 02

5U4
5 00
5 03
5 11

(Thioago...

110,469
127.304
6.737
6.458
0.9J4
20.U95
4,0JS

Ullwaukee..
Toledo.,..
Detroit...

C^erelaud
31. Louis.
Peoria

...

Bye.

14,400
37,012

332,597
51,650
31.101
20.429
41,500
101.635
127,700

209.1'67)

58,553
123.702

17,030
211.085

6.51)0

tt»\Butli.i.'<llit\jtush.SK Ih-

72,850

3)9,239
176.878
500
30.933
12.500
90,520

18,160

7,800

8,500

674,060
9l».9a7
541,746

51,880
105,894
9e,08a

10.227.815
7.489.3??

1,5S4,645

20.74*
2,400
6,092:

515,953

Tot. wk, '88

Same wk.
Same wk.

Buth.32

922.481

2U5.257|

Daluth...,

JBarley.

Oofs.
Ibf

631.39e|

158.908

XUII.

2i.'i.612

1,94I.5M

24B.S41I

1.648.163

926.506

706,612
848.517

201218;

'85
'84

3,155,207

1,149,062

92^5i3

1.313,433

Since July 24
1886....

wet weather, which

meal has been a good deal retarded by

to

some extent interfered with deliveries,
and prices, though generally without

especially to the trade,

quotable decline, are at best barely maintained.
The speculation in wheat opened with the show of considerable strength. The storms in Western Europe, and especially
in France, and the disturbed state of Europe regarding Bulgarian politics, stimulated speculation for the rise, but it was
not sustained.
The acceptance by the Powers of Russia's
Bominea to the Bulgarian throne, the check upon exports
caused by the scarcity of ocean freight room, and the excesrive visible supply, caused selling to realize, and the •' spurts "
of the bull operators effected only slight and temporary rallies,
that of yesterday being due to apprehension of damage to the
fall-sown wheat by tha " blizzard" in the Northwest. To-day
renewed speculition gave a higher range of prices to futures,
but the regular trade was dull.

In elevator
delivery

83(4

84%

8414
84»s

S3''8

fleilverj

8478
86i«

Sb^

fri.

8l\

85^^

81

8.5

80

....

b4
85

8558
STSs

January delivery
8083
8714
SU^g
8'i'>8
88i«
February delivery
88
88
88''8
88
s,2i8
Maydelivery
9214
93
92ia
9314
92'a
JunedeUvery
9314
fiSiSs
Indian corn has continued to sympathize with wheat, though
not subject to the same influences at least not to an equal
extent. The speculation was only moderately active, while
business for export was checked by the scarcity of freightroom. To-day the market was rather firmer, but quiet.

m\

—

OF HO. Z HIXED COBN.

DAII.T OLOSINO PBICES

_

Sat.

,

Hoveitber delivery

December delivery
January delivery
February delivery
Maydelivery

Oats have

lion.

Tuei.

44ia
4538

44!^
4513

46%

46ifl

45^8
46i8
47ia

4iS8
4913

Wed.
45

Ihurt.
4538
45''8

46^4

3,411,9051 61.301,662! iJ7.752.932

24.43S.340
25,281,848

4ti''8

47

47%

1,035,55*

6,415.903

2,809,09

The receipts of flour and grain at the seaboard ports for the
week ended Nov. 13, 1836. follow:
AtSaw York

Flour,
Wheal,
bbU.
bush.
121.011 1,361,800
87,518
38,996

..

Boston
Portland
Montreal

30,403
17,565
54,987

...

Philadelphia...

Baltimore

Kichmond

New

Oali,
Barley,
bush.
bush.
37.1,250 251, B'I3

biixh.

117,216
25,661
13i,215

10,767
85,800

H7,2d9

auth.

10,120

39,700
« 1,745
10^,641
9,541

151,796
174,341
277,692
28,911
14,450

1,350
1 2,050

Orleans ...

Oorn,

727,300
177,831

16,100

250
6,000
4,365
147

27,-289

1.141

Total week... 324,881 2,018.516 1,211.917
wees '85.. 299,574 685,4,80 1,3 J8,679

694,872

Oor.

10,762
9.153

3.-,8,490

736,201432.494

The

total receipts at the same ports for the period from Dec
21, 1885, to Nov. 13, 1886, compare as follows for four years:
1885-86.
1884-85.
1883-84.
1882-83
S^onr
bbU. 11,752,708 11,871.994
12,110,628
12,248,45

„

Wheat
Com...

bush.

64,542,041

42,057,735
75,539,732
39,024.6^8
4,70i.979
995,377

71,8:)2,785

Oats

31,326,985
4,589.757
550,248

,.

Barley...........

Rye

.,

64.14'^.190
40,697,4i.!

57,329,971
78,977,921

29,793,('.ii>

2-l,iO0,l-il

4,070,713
4,911,682

4.400,135
5,003,4J0

175,901,816 192,923,451

14 1,04-2,62 7 173,4)0,472

The exports from the several seaboard ports for the weeK
ending Nov. 13, 1886, are shown in the annexed statement:
Exporii

from-

„^
Wheat.

New York

Hush,
741,149

Oorn.

Montreal

Flour.

Bnsh,

Bbtf.

74,139
18,791

62,6'l4

15,9i4
4,793
11,109

128,031
117,190
173,000
20,008

Puiiadel..

Baltlm'ri
(f. Orl'ns

17,000
2r;,512

Rye.

Gait.

312.360
3J,082

Boston, ..
N. News

Bush.
8,807

Feat.

Bush.
10,59S

Buth.

59,223

85,528

5tS

6J,074

Rlohm'd

3,070

rot. w'k 1,212,378
S'metlme

1885.

Fii.

and the bad weather
checked the local trade. To-day there was a firmer market,
with a better trade in the regular way, but the speculation
little

27.4:0.174

29.377.375

510,072

131,404

68,030

96,116

615,812

229,063

131,122

179,178

181,053.

45a.

45%

48%
47=a
47%
4.,ifl
4919
60
5019
50»a
bOH
been dull, unsettled, and to some extent nominal,

The speculation showed

S3,22«.l'23

30,329,023

Total (fraln....

OAiLr OLOsraa pbiobs-of ko. z bed winies wheat.
8aU
Hon.
Tut*.
Wed. Ihurt.

November
December

45,»d7.4'!2

',2,746,142

1884....

Friday. P. M.. November 19. 18S6.
TracJe in flour an(i

S.196.305

1868

BREADSTUFFS.

The destination of these exports is as below.
corresponding period of last year for comparison.
Flour.

Wheat.

We

add the

Oorn.

spirit,

week
to-

1886.
Week,
Xov. 13.

for

is still dull.

1885.
Weefe,

Nov. 11,

Bblt.

DAIL7 O-OSISO PBICES OP HO, Z OATS.
ES
HO.
Bat.
Mon. Tuet.
Wed. T^url
November delivery
32%
33
33
3258
33
December delivery
33%
3338
3313
33>4
33 ><
34J4
January delivery
34
3414
34%
3414
February delivery
Maydelivery
36
3d%
3tS%
36%
36%
|E;Rye was firm, but quiet. Buckwheat nearly nominal
ey met with a better demand, the disagreements at the
houses regarding wages having been adjusted.
The following are the closing quotations:

Cn.Klng.

30,118
15,668
10,590

8.

W. Indies
Brit, col's

34 14

Oth.o'n'ta

1,168

38i4

Total...

131.401

Bar-

1885.
Week,

1886.
Week.

N«.

Bush.
75,534
140,529

13.

Xov. 14.

Bush.
410.832
75,345
40,680
10,947
62
2,206

Bush.
469,987
53,157
83,288

220,063

510,072

615,812

433

Fri.

33%

malt

1886.
Week.
Nov. 14.

4,000

74,182

33's

A C.Am

Bush.
572,858
638,445

Bbli.

62,693
6,276
25,658
19,719
15,890

Contln'nt

1886.
Week.
Nov. 13.

3,131

.

1,075
.... ...

134,122 1.212,378

7.384

1,996

By adding this week's movement to our previous totals we
have the following statement of exports this season and last
season:
Wheat.

Flour.

Oorn.

ri/OtTB.

$1909 2 70 Boathem bakers' and
2 2J9 2 90
family br da.. $bbl $3 50
4 75
2 7u» 3 10 Bye Bour, auparnue.. 3 15» 3 40
Minn, clear and stra't. 3 40 a 4 50
Fine...
2 309 2 65
nterslilpp'gextraa. 2 80» 3 30 Oorn mealerXX&XXX.. 3409 465 Western, ^ka
2 309 2 85
Fatentg
4 25» 5 00
Brandy wine
2 859 2 90
Ine
Vbbl.
aperflne
Bprlng wbeat extras.

BoaUiemaoDers...... 2 609 3 00 B'twli'tflour.^.lOOlbs 1 859 2 00
Bontli'ii 00m. eztru.. 3 15 a 3 35
OKAIN.
Wheat—
Eye—Western.^ bush. .. « ..
8prlng,per bnsh.
75
90
State and Jersey.... 55
sg
HiprlnKNo. 2. new
84 'c 8.->
Oats— Mixed
31 « 35
Bed winter. No. 2
S4%tt 85%
White
35 o 39
Ked winter
75 » 89
No. 2 mixed......... 33 f> 34
White
80
88
No. 2 white
35%9 36%
C!om— West, mixed
42
46% Barley— Canada
70 a 78
West. mix. No. 2.
45>«9 46%
Western
fio 9
71
West, wlilte
44 9 47
Two-rowed State
62'»
64
West, yellow
44 '9 47
Peas—Canada
64 -9 65
WUte Southern..
47 « 52
Buckwheat
50 ®
Yellow Southern.
45
47%
The movement of breadstufis to market is indicated in the
irtatements below, prepared by' us from the figures of the
New
^°d"°® Exchange.
first give the receipts at Western
1 2
take and nver ports, arranged so as to present the
comparative movement for the week ending Nov.
13, 1886, and
r July 81 for each of the last three
years:
1

We

Wee

Krport* to-

Stpt. 1,'3«, Sept. 1, '85, Sept. 1, '88, Sept. 1, '85, Sept. 1. '86, Sfjrt.1,'86.
to Nov.
to Nov.
to Nov.
to Nov.
to Nov
to Nov.
IS, 1886.
14, 1885.
13, 1886.
13, 1886.
14, 1885.
14, 1885.

BbU.

BbU.

Un.KinRdom

1,267,033

Continent...

132,539

4C.Am...
West Indies.

Bush.

Bush.

Bush.

Bulk.

7,869,679

3.591,412

4,449,885

7,0.SS,S11

6,546,822

1,440,032

1.8»5.8.:i2

243,150
155,387
164.188
13,057

932,170
24,203
188,163
233.148
171,518
7,435

5,391
8,071

2,206
4,107

234.775
122,187
4,019

65,711

16,320

11,751

1,795,985
372,371
82,784
22.090
17,259

1.975,020

1.626,652

14,490,674

5,054,081

0.718,429

9,373,701

8.

BMt.Col'nles
0th. countr's

Total

The

4

supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, Nov. 13, 1886 :
visible

In ttore at—
HewYorH:

Do a&oat
Albany
Buffalo

Do

Do

Oalt,

bush,
bush,
4,281,595 1,701,014

bush.

50,225

199,200
109,000
433,983

136.600
7,882

10,500
49,753

3,836,777

977,547

132,644

BarltMf
bush.

104,657
92,400
62,550
218,915

10,199,347

654,177

afloat......

Milwaukee

2,961,630

attoat

Duluth

Do

<7om,

afloat

OhlcaKO

Do

Wheat,
bush.
12,253,440
520,000
10,895
2,714,519

alloat......

8,183,885

242,708

NOYKUBKB

THE CHRONICLE.

30, 1!«6.

Wheal,
Corn,
buMh.
6usK.
3.98^.383
I4.^,366
65.750
1,610.824
95.000
130,000
«.eSH,153 1,019.735
106.U0O
12.000
STS.llS
395,521
96,818
I09.7A4
633
1,229.405
312.153
10.479
101.948
133,775
41>,5,W
461,d93
13U,1.')9
1,219,615
137,093

In tlor* at—
Talado

Ovrego
Bt-LooU
OnoliiDAtl

BOSIOD
TuroDto
MontTMkl
PhiladelptaU..
Faorl*.
IsdlAiiApoUa ..

KaaMaOltr-..

eetis

43,2i)3

531.192
190.000
498.534
3,219
5S.5J5
127.549
932.513
356.900
45,389

Woolen Goods.— The market for clothing woolhas developed no new features of special interest. Agents
continued to make steady deliveries of light-weight cassimeres,
worsteds, suitings, &c., in execution of back orders, but new

Barley ^p^PoMESTic
bush

Rye,
bush.

Oalt.

bush.

27.622
26,205

615

35.663
33.000
14,350

I

20.292
431.517

2.1.300

lbl.6.^0
2S.0«X)

29,321
17.116

4,519

for

.

4,4.'iO

8.297
4.149

was of strictly moderate proportions. Heavy woolens
men's wear have shown little animation, and there was but
a moderate business in cloakings.
Staple and fancy Jersey
cloths and stockinettes continued in fair request by the manubusiness

9,602
191.641
41,793

makes are closely ssld up to proKentucky jeans and satinets ruled quiet, but such
mniMftpolta
4,877,1 15
makes as govern the market are firmly held by the mill agents.
Bi.p»u/.. "..:.
310,000
On MlMlMlppl.
57.900
31,300
Seasonable makes of women's dress goods were mostly quiet,
Ob bUtM....r.
891.000
.^4I.^39
45,.5U0
Oo ewial
1,408.000 1,137,100
387,500 but some very fair orders for all-wool and worsted fabrics
XM. Not. 13, "86. 5e.322.54<« 13.096.713 5.649.600 4^9.731 2.597.418 adapted to the spring trade were placed for future delivery.
To*. Not. 6, 86. .%7.354,t79 12.748,493 5.608,007
46 <.03 J 2,479,199 For flannels, blankets, shawls, skirts and carpets the demand
»»». Not. 14. '85 47,067.012 4.: 10.670 3.533.487 60o.t9S 2.581.^14
Ttt«. Not. 13. '84(36.576.635 4.325.118 3,477.714
780.068 2.480.710 was chiefly of a hand-to-mouth character, but stocks are ia
Tot Nor. 17, '83 31.40o,247 9.1»8,626 5,479,350 2.377,229 2,752,165 good shape as a rule, and prices are generally steady. Wool
hosiery, shirts and drawers, and fancy knit woolens, were
lllBn—gitUj and St. Paul not Inolndad.

Do

facturing trade, and leading

duction.

aflokt....

1

1

sluggish in agents' hands, bat prices are well maiji

i

Foreign Dry Goods—The growing activity of the retail
trade was reflected in a more general demand for reassortNew Tobk. Friday, P. M., Nov. 19, 1836.
ments of foreign goods, but selections were
ngly govAlthoogh quietness was the prevailiog characterUtic of the erned by actual requirements, and transactions were only
dry goods trade the past week, a fair aTerage business for the moderate in the aggregate. Fancy holiday gojds were distime of year was done by commission merchants, importers tributed in very fair quantities, privately and through the
of the auction rooms, but nearly all staple fabrics were
and jobbers alike. The demand for consumption was stimu- medium
more or less quiet in first hands, and the jobbing trade was
lated by more seasonable weather than has prevailed of late,
only moderate, though a trifle more active than in pr jceding
and a fairly satisfactory business was reported by setailers in eswek. ,
Importations of Drr Goods.
bia city and at many distributing points in the interior.
The importations of dry goods at this port for the week
Stocks in the hands of retailers are,howeTer,pretty well assorted
ending Kov, 18, 1880, and since Jan. 1, and the same facts for
yet, and their requirements at the hands of jobbers were
the correspondinx periods are as follows:
only moderate. Goods adapted to the present season were in
S
Si
oomparatiTely light demand by jobbers and the manufacturing c
s S
SB |r rt O o
£ 5= ft • w"^ £ c
trad<>, bat rpring and summer fabrics have met with a good
o; g
g:
from large buyers, and liberal orders for some
.Pi I
deal of attention
f:
S
1:
S
daMriptions were placed for later delivery. A feature of the
I
3

THE DRY GOODS TRADE.

a

:

!

:

week was a peremptory auction

sale of n.-'iOO

e

dozjn domestic

which attracted a large compiny of buyers
The entire offering was promptly disposed of, and goo i average
prices were obtained. The firm of Gobn, Sdmplin^r & Co.,
Cleveland, O., has made an assignment, with liabilities of
about 1200,000 and estimated assets of $175,000; but the

:

I

Hi

i

f

!

I

s

:iii!T

•ilk handkerchiefs,

financial condition of the trade at large is considered sound,
and collections are steadily improving in most sections of the

i

CO

or

c: CO-* 10 CO

ODO

11
O o-

coaxT o

ODC^

to

^^>M

coco

1*3

ADS-

co*c€ey»^

SI

COlO«>CO -

country.
to

exports of cotton goods for
the week ending Nov. 10 were 3,130 packages, of which 609
wen shipped to Great Bduin, 461 to Argentine R •public, 271
to Hamburg, 905 to Venezuela, 133 to Hayti, 110 to U. 3. of
Colombia, &o. The demand for staple cotton goods continued
light, but stocks are in such excellent shape that prices ruled

Douisnc Cotton Goods.—The

Ob to
•CO

M»0'jD^M
«Ototo*»

M»0*W;4

cat,

ON

along the line. Print cloths were in moderate demand
and easier, extra 64sftts. having declined to 3 716c., while
MxOOs. wen nominal at 8c.@S l-16c. Stocks last Saturday
and for the three previous years were as follows
firm

aVo
09M

e

CM
uoa

COX cop

(e

^

;j,

-^

CJt

Ob

1385.

430,000
841.000
311,000
150,000

234.000
216,000
250,000
75,000

&

Co.,

-C

OD

O

a *• X -J »

256,000
60,000

Caf>

I

h-W —
psC tO_^Oi

(D'i»b''x.'fio

•^*'0M^»

00 kg

tO'O'X'Wui

QDM

S*

I

f

4fc

OO0HP3&

— T to to

MM
—

Ci5«pO*"

ID»0»#»

OrQ
C0'.O
<PM

S

M»0<-O»>

*l

— ^^

CD

lOtOGOU-l
ea .o

-10

MtOi^i»'^

Wo*

s 4. o

M tV
JiMO^
TuoouuV
to «>

CO

CU CO — ^ y to

0»OO9^

SECURE BA^K VAULTS.

"—

O

I

MftVobo
CD - — >
;

1

to

C-ltOSOO

Chronicle Volumes
SINCE 1870.
Any oBloe poasesslng these rolamet

YORK,

at

LLOTTS
PENS
STEEL EXP0SITIOM-IB7B.
CI

GOLD MEDAL PARIS

the: most PERrecT of pens

WELDEUtHKUJIlEMKELAND IRUN
and AnglM
FOB BAFK8, VAULrS, io.
Cannot be Bawed, Cut or nmied. and practical!;
In

Boand mod

CUkt Bmra, and 5 pir Plates

Clronlan Free.

re-

Parties hartnc

llshers

most of the earlier Tolome., or complete telt

can be fumUhed.

Burxlar Pruof,

N. ¥.

the period.

the more recent rolnmes can obt:iln from the pub

CIIROnE STEEL. I^ORKS,
BBOOKLXN,

alnoe 1970 has

hand for eoavenlent reference a comptete and

liable Snanclal historr of

JOSEPH

to
*:•

(CM

•0-1^ COS

3sJ7,000

ocyrroM bbokebb,

1S4 FBAmi. STREBT, NKW^

I

t-*io;^»oto

118.000

tains continued in good request for the spring trade.

Geo. Copeland

1

©

O"^MM60

ODUMCOi^
C^ to ^ « J

831.000 JL
216,000 775,0001,233,000
IMalMoek, (pieeas)
Printed calicoes continued very qtiiet in first hands, and the
Jobbing trade was devoid of animation. Dress giaghams,
plain and crinkled seersuckers and fancy cotton dress good)
wwe fairly active, but transactions were mainly restricted to
pUdnc orders for later delivery. White goo Is and scrim cur-

Ws*; OD^
<C»3tC0 —

Sot. 15, .Vo». 17,
1883.
1884.

A'ov. 14,

1886.

43,000
lurrs.
BaldtT Piw
^ U
mtMmcvn... 111,000
rwi BiTsr
42.000
aee smctImots
paMlMon(a*t)..-- 20.000

I

ccaucbio
CO JD

all

.Vor. 13,

MWtOlOQD

00
Ob

79

WILIilAn B. DANA. * OO..
* 81 Wl hhlJM aXBEET, NBW TOBK.

THE^HRONICLE.

616

©wt

ganlis, ganlijerB auxl brokers

NEW

BANKS.
tiODOWICK J.

IIILL, E. B.

MCCANDLKSS. A.W.HIU.,
Vloe-Pros't.

Cashier.

Prealdent.

THB

Brewster,

DengnaUd Depository

$300,000 00

•

-

Acoountfl of Banks, Merchants. Co'""'*''atlonB and
ndlTiduals respectfully solicited.
Collections promptly made and remitted for.
Wlllaotas agent for the inTe''\went of Idle and
gurplos fands of Banks or Indiviaaals.
In our active and vrowinK city money la always In
demand. Our rates reasonable. Give us a trial.

exo. ST0ROES.

F

Pres't.

C.

COBNWELL,

Cashier.

N. Y.

This bank has superior facilities for makinp collections on ail accessible points in the United States,
Oanadit and Em-ope. Liberal terms extended to acOoants of bankers and merchats.
C0UKE8PONIJKNTS.— New York, National Shoe &
Leather Blink; Union Bank of London.

The Bank

W.

P.

A.Wiley,

of Durhanij

Park Bank
and Seventh Ward National Bank.

ment

on

and are

for.

STATE BANK,
Incorporated 1876.

)C. T.Walker,
Cashier.

)

ARKANSAS,

I^ITTIiE ROCK,
.
( Paid In) .

$200,T>00

.

Prompt attention given to all business in our line.
N. Y. CoilRESPONDEXTS. Importers' & Traders'
Katlunal Bank and National Bank of the Hepubllc.

BUBR0SS,

A. K.

Pres't.

made on

ExchanKes.
Cable Transfers, Bills of Exchan);e and Letters of
Credit.

SHOKMAEXB.

Jog. M.

Jos.

RICHinOND, VIRGINIA.
Collections

made on

all

John

JOHN

F.

P.

Rea

ElVGLAND.

&

Bros.

Co.,

Wood

Street, Pittsburg,

New

York.

Reference Atlanta National Bank, Atlanta, Qa.
:

and Fourth National Bank, New York.

& Co.,

weybosset street,

PROTIDENCE,

R.

New Fork and Philadelphia Stock Exchanges,
Pittsburg Petroleum, Stock and Metal Exchange.
Private wires to New York, Boston, Philadelphia,

BRAKCH &

TII09IAS
CO.,
BANKERS AND COM.HIS8ION MERCHANTS

RICHMOND, VIRGINIA.

Circulars and Information on funding the debts of
Virginia and North Carolina tree of cost ; one-eighth
per cent charged for funding. Southern Railroad
and State and City Bonds bought and sold.

&

Whitney

RICHITIOND, VA.

Stephenson,

Private wires connecting with Washington, Baltimore, riiiladelphia and New Yorit.
New York cjrrespundents, Prince & Whitely.

FOURTH AVENUE.

Oldest Pittsburg

members

Samuel G. Studley,
COMMISSION STOCK BROKER,
No. 4 Excbange Place, Boom No. 4,

Watm

N. Y. Stock Extihiinge.

BALTIIHORE.

(Members

EQUITABLE

&

Co.,

INVESTMENT SBCDHITIBS
No. 10 State Street, Boston.

Mortgage Company.

of Baltimore Stock Exoliaoge),

CAPITAL

BALTIinORE.
(INVESTMENT and SOUTHERN SECURITIES a
Correspondence solicited and Information furnished.
N. Y. Correspondents—McKlm Brothers

& Co.

Robert Garrett & Sons,
BANKERS,
No. 7 SOUTH STREET,

$600,000.

6 AND 7 PER

specialty.)

CEUfT

GUARANTEED FARM MORTGAGES,
Principal and interest guaranteed and payable at

any of the

offices

of the Company.

New York, 208

B* way, Boston. 23 Court St.
H. U. Fitch, Man'ger.

Chas. N. Fowler, V. P.

Phlla., 112 8. 4th St.,
C. B. Wilkinson. Man'ger.

Kansas
J. C.

City, Mo.,
Avery, Gen. Man.

BALTIIHORE,
TRANSACT A GENERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.

BOSTOX, MASS.

STOCK BROKER,

pl0vt0a0jcs.

BANKERS AND BROKERS,

6%

8%

The American

TnTestnient Company, of Bm«

metaburg, Iowa, with a pstid-up capital of

000,

^VE STERN.

HEMBER OF BOSTON STOCK EXCHANGE.

Joseph G. Martin,

Co.,

State Bank Building,

1871.

BANKERS ANd::BROKEBS,
No. 57

W. Branch &

bankers and brokers.

PITTSBURG, PA.
BSTABUSHXO

Patterson,

wire.

C.

Baltimore and Washington.

I.

Dealers in Commercial Paper, Government and
other drst-class Bonds and Securities and Foreign
Kxchange.
Private Telegraph Wire to New York and Boston.

H.

BOND AND STOCK BROKER,
ATLANTA, GA.

Pa.

MEMBERS

Wilson, Colston

bankers and;brokers,

IN

IN ALL KINDS OP
SECURITIES.

Bonds and Stocks bought or sold on commission
Geisrgia and Alabama Securities specially dealt in.
Correspondents: Tobey & Kirk and A. Dutenhofer,

State, City, Hailraad and other Corporate Securities of Southern States wanted and for sale at all
times. Mortgage Loans on city and farm property,
two to ten years, paying six to eight per cent, furnished. Prompt replies to correspondence, mail or

BANKERS AND BBOKERS,
AND DEALERS IN FOREIGN EXCHANGE,

President.
K. Scott, Vice-Pres't

Wilbour, Jackson

AND DEALER

BROKER AND DEALER

SOUTH THIRD STREET,

PHIEADEEPHIA.

425

Al LANTA.

W.

BANKERS AND STOCK BROEBRS.

BRANCH,

CHARLES H. SHELDON, JR
JOSHDA WILBOUK,
Benjamin A. JACKSON, William Binney, Jh.

no. 53

Defaulted Bonds of Missouri, Kansas and Illinois
a specialty.
Good Investment Shcurities, paying
from four to eight per cent, for sale.

Southern points on best

Qlbnn, Cash. Fred.

KEW

BOBIBT M. JANNIT,

M. Shoemaker & Co.

No. 134

MERCHANTS' NATIONAL BANK,
terms; prompt returns.

Co.,

Humphreys Castleman,

PHILADELPHIA.

parts of the United States.

all

&

OLIVE STREET, BT. LOUIS,
Dealers In Weatern SecurlUea.

SOLTUERST.

Members of the Philadelphia and New York Stock

WALKBB, Cashier.

IVIIiiniNG'rON, N. c.
Collections

Lists

1871.

Keleher

F.

Gerlach,

CHESTNUT STREET,

No. 437

National Bank,

First

DEAL

805

BANKERS AND BROKERS,

—

B. B.

&

Narr

German National Bank,
Capital

New

Exchanges, and connected by private wire with

$200,000

Collections receive our special attention

i

Allow inter-

deposits.

Members of the Philadelphia and New York Stock

Cashiey.

Capital

j

P.

Securities for sale.

Transact a general banking business.

Commercial National Bank,
HOUSTON, TEXAS.
J. G. Fletcher,
President,

ESTABLISHED

Co.,

St., Pliiladelphla.
Railroad, Municipal and other desirable Invest-

K.A. Giraud,

Vice-Pres't.

promptly remitted

COUNTY AND CITY BONDS.

prices furnished on application. Write us If yon
wish to buy or sell. Refer, by permission, to Society
for Savings. Savings 4 Trust Co. and National Banks
of Cleveland. Ohio.

BANKERS AND BROKERS,

New York Correspondents.— The National
E.P.Hill,

&

Clark

Cashier.

N. C,
Fay Special Attention to Collections.
FIRST-CLASS FACILITIES.

President.

Transact a general banking business, and

IN TOWN,

No. 35 Soatlt Third

DCRHAin,

H. GABDES,

Bonds.

PE]S]\S\L,VAMA.

-

W. T. Black WELL, Pres't,.

SUPERIOR STREET,
CLEVELAND, OHIO.

No. 13?

and

E.

Co.,

York.

Bank of Buffalo,
------ $300,000
OAPIXAI«,
BUFFALO,

States

&

Bros.

BANKERS,

ALSO,

est

S.jEWKTT,PreB. JosiAH jKWBTT.V.Pres.

Lamprecht

Dealers In municipal. State, Railroad

~

"idltion «1.000,000 U. 8. 4 per
This Bank holdf
cent Bonds at pal.r—^xed by its stockholders for
Haid bonds are
the protection of its customers.
pledged as above, instead of beinK held by the Bank
as a part of its legal surplus, to avoid what we think
unjust iiud excessive local taxation.

CLEVELAND, OHIO.
SPECIALTIES:

BOSTON STOCK EXCHANGES.

and United

Co.,

TOWN. COUNTY AND CITV BONDi!,
LAKE SUl'KUlOU IKON MINING STOCKS,
ANn STUKKT KAH.HOAI) SKCUH1TIB8

QooKiM, Aast. Caab.

.

&

INVESTMENT BANKERS,

Estabrook,

BOSTON.

Capital, $200,000. Surplus, $50,000.

WiLLULU

Chas. H. Potter

MEMBERS OF THE NEW YORK AND

North-Westera Nat'l Bank,
CHICAGO, ILLINOIS.

BH£aMAN

Cobb

CONGRESS STREET,

No. 85

of the United Sta

Capital and Surplus,

XLIU.

1VESTERIV

JiANKERS,

ATLANTA, GEOKGIA.

^Oh.

of ^cur 1Jot;K.

ENOLAMD.

&

Gate City National Bank

I

N.

W.

Harris

CUICACO
nnainc
DUINUO

&

$175,000,

offers

tirst

$600,-

Mortgage

Hcven percent, both Principal and

Intere«i: fully (iunrauleeii, Al?"0 6 per cent 10-

Co.,

and BOSTON.

of Counties. Cities, &c., of high grade a
apeoiaity.

siii'plii!*

liOans drawinu

Heudl'orDescriptiTeXilBts.

secured
Sear Debenture Bond^', in trust by 105 per cent of first
by the .ticrcantile
lortgage loans hold
Trust Co., N. Y, Five per cent, cerfiflcates of
deposit for periods under one year. AVrite for full
Information and references to the company at 130

""•"'*'•'•'

"a. I.. ORMSBY,

Vlce-Fresldent.and Qeneral Manager.

Norzi(BBt20,

'gnxm

THE CHRONICLE.

188e.J

piovtQaflcs.

vil

Itttsuraticjc.

lusurawcc.

IKTK8T THROrCiB THE BOUND AND

MANHATTAN

KEI.IABI.E

WESTEBN FARM MORTGAGE
L.AWKiC>L'r.
vs. Pivat.

KA>.
U.

L.

CO.,

PUDCIW

OFFICE OF THE

See.

Hal,
.
. asua.oo*
.
tint Mortnse Farm Ixmat, alaotne
_ jy*i Ten Tear Debentaras. baaed apon lt«
Ter tWO.oiO. No loaaes.
I ap capital and ajarta of
BS:? nara' experience, with abKiluta satisfacttoa
York uace

156

ATLANTIC

i

IJIOO fnveaton. Send for circular*. foroiBaod
.
full Ittfaematlon. Branch I'fBcee In N. Y. OtT and

toorer

Mev

LIFE INSl^RANCE COMPANY

m Bmadwar. Agenta.
HI.NE A SOX,

Fmm Phtladetphia

Mutual Insurance Co.,

! 8wB8 of tlOO and Upwards ob
aud Ohio LaiidB.

1b-

NEW YORK,

diana

OTBIKO

BAFBR. Al.WATf PHOMPTLTFAJD
BKNl> FOK PAMPIll.ieT.

Jon. A. inooRE,
•4 Baat market St.. Indianapolis, Ib4

NORTHITESTEKN

!

GUARAMI
LOAN

January 23, 1880.

The Tmateee, In conformity to the Charter o.
the Company, submit thx following Statement
of

Piemlomson Marine Risks from
Ist

ONLY

Janaary, 1885, to Slst

December, 1885
$8,856,618 66
Premiums on PoUdee not marked
oil 1st January, 1885
1,339,525 10

alMwiiuteIr frtiaranteed. Hecanti<-s forraarantT held brtlie

CO..

Pald-Up CaplCal,

•3«0,00«.
rapttal

Total Marine

Anit-rlon Loan A Tmat Company, of Bnatao, Siaas.

Rend for clrcnlara to

NEIIER

Sc (:ARPE>'TRIL,
Baakera, Trer. K. Y.
Baalero Manaitert far romparT

Jmctiou

jiales.

Premiums marked

oil

bom

1st

the same

»1.915,020 67

Tk* Va^mtmoei

RKMULAR AUCTIOV

hold

BA1J»

of

all

olaaaea of

tTOCKft AMD BONDS,
oe

WKDNB8UATB AKD HATCBDATB.

ADRIAN

H. IIIVI^I.ER Sc. SON,
PTNE 8TKKLT. NEW YORK.
OUl'ITABLI

ILDINO

Ul

)

BROADWAY, NKW YORK.

uZBlUTin. 4 par ceal

Prestdeat.

ValaaUoa

eg.WII.HgW

..

URPLDB

taj^aamia
(rplaaoB n, T. BtaBdard4is percsnt
iBtsraat. «I1,4*S.S38,40.)
«Hr»hHeew L4ra*WiKa.ea artniKaadsrri if ealiiaNsa twrliMa Mat •/ sap atttr W* A«Mraa«a Oeskpaaa*

la IHB
iiimtAKDiMa AMOKAVtrs
TsUlpaMPolleT-UoMacalBUW

>air AanrmAHcm

PsMMIer-UoliarsatnesOiBaBliaUoo

Inasma^lboat.

PRici or PARgAOsanclndinK wine):— To Havre-

Assets, rlx.:

Special Train

affs,

Transatlantlqne,

Uavrsand Pan*,ln amounts to aolt.

fyom Havre to Parts.
Tbs rompa«nle Generate Transatlantlqae delivers

lu ofllae In New York special train tlokets from
Uavrs to Paris. Baggage checked throogb to Paris
without examination at Havre, provided paassngsn
bars the same delivered at the Company's dook la
New York, Pier 43 North Rlvsr. foot of Morton 8t„
at Isast two hours bsfors ths departure of a steamec

at

otherStooka
$9,034,685 "'•
Loans secured by Stocks and
oUmrwise
1,438,60
Real Estate and Claims due the
Company, estimated at
530,000 00
Premium Notes and Bills Receivable
1,508,143 53
ash In Bank
228,897 88

LOUIS DB BEBIAN, Asent,
No. 3

»g»,oujna>

W7jm.Maoo
TJJB,aMi«
mjni,inu

iaoottaiaUM

the ontotand
iDg oertUloates of profits will be paid to the
holders thereof, or their legal represeotatlTes,
on and after Tueaday, the 2d of February next.

THE OUTSTANIMNO CERTIFICATES

A DIVIDEND OF FORTY PER CENT

Is

declared on the net earned premiums of the
Company, for the year ending 31st December,
188S, for which oertiaeates wUl be lasoed oo
and after Tuesday, the 4Ui of May next.
By order of the Board,

laWMMU

H.

J.

CHAPnAN,

Sacretary.

COTTON SAIL DUCK
And aU

BAOa, "AWNINO BTBIPBB,
Also, Agsnts

ONITED STATES BUNTING
4

fall sapply, all

No.

Widths and
I Off

(OBOAinZKO Uf UBOJ
S61, 868

A 26* Broadwaj, New

a. U.

BL'RFORO,

York.

AH

wm. t. btaxdex, Actnarrtks iniMa batons to lbs Potier-lioMer* azela-

tbla Coapaaj are ixdibpctI br
AMiaaflarthfaa r—npaid wTTHorr discoitxt ai mod
AB Oaslk CMma
•s aaHafMliirj proofa bare beao rsoelTed.
TbB Osapsar Bsaas ail fonaa of Inaaraaoa. InHailMTilsllas aad Umltad (Noo-rurfelUnc) Ton

Oos oath's gl ass sDowsd In tbs parmsnt of
nsailsisi o« Tootlaa POItelss, and tan dan' grace
SB all otban, ths Insaraaaa ranalnlnc In fall force
Asrtas the snee,
Absolate •eeantj, eomblned with tbs lamst llbsraMT, ^siee ths popalarltr and seoeaa of thla com

OOOO

AOEIITB,

dsslrtas to

i

s pi sssu t ths

Com-

p^, an torttsd to addrsaa J. 8. OAfTHCT, Bapsfi

tt

Amumm,

at

Boas OMos.

Dnane

Ntreet.

Cotton.
Jnas

BSKBT

L- B(nj.ABD.

&
NEW

H.

wanLBB.

Wheeler,

D. Jones,
Charles Dennis,
J.

W. H. H. Moore,
James liow,

Wm.

A rtsl ph

I io iBt yu e,

(FOR BALING COTTON).

Robert B. Mlntam,

AdTSDAss made on Cotton Consignments and 8]
Attention given to purchase and sale of FUTUBfl

Charles H. Marshall,
Fredeilok H. Oosaltt,
WUlian Bryee,

Dennis Perkins

PflUjumi- a Field,
Charles D. Leverich,
Josiah O. Low,
Thomas B Coddlngton, John L. Rlker,
N. Denton Smith,
William Degroot,
George BUas,
Horace Oray,
Henty £. Hawley,
WQllam E. Dodge,
William D. Morgan,
William II. Macy,
Isaac Bell.
A. Hand,
Edward Floyd-Jones,
John D. Hewlett,
Anson W. Hard,
William II. Webb,
ThOBias Uaitland.
CharlM P. Burdett,

a

Edmund W.

BAOOINO AND IRON TIES,
CONTHACT8 or COTTON.

John Elliott,
James Q. De Forest,

atorgls,

Corlles,

Co.,

125 Pearl htreet,

New York.

Orders for Spot Cotton and Futures promptly
executed.

Walter & Fatman,
COTTON BROKERS,
S8

BEAVER STREET, NEW YORK.

CDAREES

B.

TAINTEB,

COTTON MERCHANT,
COTTON EXCHANGE RUIIjDINO.
8PBCIA1, ATTENTION TO COTTON FUTDRBB

F.

W. H. H. MOORE, 2d Vloe-Prest.

RAVEN. 8d

&

COTTON BROKERS,

JOHN D. JONES, President.
CHARLES DENNIS, Tloo-President.
A. A.

YORK.

AI.80

TBVSXBBBl

A. A. Baren,

Praaldent,

a P. r>Ai,BiaB. Bstry. A. wanLwwaar, Aaat Baa

OO.

Colors, always la itoak

CtrrON COMMISSION MERCHANTS

States Life

Insurance Co.
TBB CITY OP NB^r YOBK.

kinds of

CANTAB, FKLTINQ DCCK, OAB
OOTBRINO, BAOaiNO, RATBNB DUCK, BAIL
TWINES, AC, "ONTARIO" BB AM LBBB

COTTON

Bullard

The United

Co.,

Mannf actnren and Dsalsrs In

of

the Issue of 1881 will be redeemed and paid to
the holders thereof, or their legal representatives, on and after Tuesday, tha 2d of Febmary
next, from which date all laterest thereon wUi
eeaae. The oertlflcates to be produced at the
time of [layment and eaooeled.

itnvirllnar f>ri«en.

Brinckerhoft, Turner

$12,740,326 46

BIX PER CENT INTEREST on

EQUITABLE
LIFE ASSIRANCE SOCIETY,

noon.
A. M.
A. M.

From Pier inewj 43S, Sortn Kiver. tout ol Morton 8t,
Travelers by this line avoid both transit by EnKllah
railway and the dlaoomforta of orosalnR tbs Cbannsl

6c

insuranjce.

HYDE,

Sat.. Nov. 20.
LA CIIA.MI'AIJNE. Traub
LA NiiK.MA.Nl)IK. <le Kcrjabicc....Nov. 27, 8
LA BRETAUNK. de Jousselln, Sat., Dec. 4. 11

First cabin, (100 and tSO ; second cabin, $60; steer9S9— looindlnff wine, bedding and utensils. Rstom tlcksta at very reduced rates. Checks on Banqus

,

The Company has the following
Dnlted Btat«s and State of Kew
York Stock. City, Bank aud

Amount

KNBV .

GENERAL TRANSATLANTIC CO.
NEW YORK aad HAVBB.

$776,712 42

Premlnmg and EX-

of

penaes

m

France.

Between

January, 1885, to Slat December, 1885
»3,770,094 30

Betnms

and BONDS
At Auction.

laO

Direct Line to

«5,196,143 76

Premlnmg

Losses paid during
period

STOCKS

Wo. 12

30. 1884.

Mt^raships,

on the Slat Deoember, 1885:

Its alE&lrs

Jan.

Inctuirer.

combines the protectiTe feature of life Insuranoe
with the investment feature of the endowment
f)olicy. while it avoids the expense attendinK the
alter by the ordinary method. An improvement haa
aUo been added to this new form oi p tlicy within
the year, which ^ives the ussured the option at the
end of the period of taltin^ the endowment in caeh
or of contiDuintf ine insurance for a much larKer
amount without any further payment of premium
independeat of tbe condition of health at the time
ESTABLI9HKI! IN IS5)

est

MINKEAPOLI8.
AMkofH-d

Real Batata Mortcacee on Ctt;
and Farm Property, worth two
tu fiiur limea amoanta of morttngrf. Intrreat 8 per ceal Is
7 per ceal, principal and Inter-

158 BROADWAY. NEW YORK.
HENRY STOKKS, President.

The new plan oi the Manhattan Life Insuranos
Company continaes to meet the p-)pultir favor. It

C. C.

Farm Mortgages

&.

Vlae-PrsiM«at

38

Hoffmann,

COTTON BROKER AND AGENT.
RUE DE LA BOURSE, BATRE.

THE CHKONICLE.

fii

MADB ON AOCEPTABLB

IiOANS

INMAN,SWANN&Co

TOBK.
SBCURITIBS.

COTTON MERCHANTS,

UWOLHh ATTKNTION to OROISaS FOB CONTKACTS
FOR FDTURl DKUTIBT OF COTTON.
OOTTON, AUi ORADB8, BUITABLB TO WAMT8

Williams, Black

COTTON, ORAIN,
PROVISIONS, COFFEE,

flpMt&l attention given to the puroluue and sale of

STOCKS, PETROLEVM,

FUTCBB CONTRACrrS
la New York and lyiverpool.

ORDERS EXECUTED IN
YORK, CHICAGO. NEW ORNEW
LEANS, ST. LOUIS, UYERPOOL,

Co.,

51 Stone

bcHMAN, Stern &

and New York.

Co.,

COMMISSION MERCHANTS,

COTTON EXCHANGE
NBW

New York

Bi;iI.DINO,

No. 20*

Church Street,

&

COTTON exchange BVILDING,

OW

New
BFECIAI.

COFFEE

NBW YORK COFFEE EXCHANGE, and
CRAIN AIVD PROVISIOIWS
•tthe NEW YORK PRODUCE EXCHANGE and
the

CHICAGO BOARD OF TRADE.

OP

Co.,

Cotton Brokers,

UTerpooI.

Lea McLean. New

Hubbard, Price
Cotton Exchange,
AND

&

Co.,

KOUFUL,K,
COTTON, GRAIN, PROVISIONS,

and

t^tackB and Petroleum.
Orders executed in New York, Chicago and Liverpool. All grades of cotton suitable to spinners*
ants offered on favorable terms.

.

McFadden& Bro.

COTTON MERCHANTS,
PBIIiADEIiPHIA.

FBEDEBIC ZEBEGA &

Schroeder

Co.,

&

Liberal advances made on Cotton consignments.
Special attention given to the sale of cotton to arrive or In transit for both foreign and domestic markets. Orders for Future Contracts executed in New
York and Liverpool.

Gwathmey

&

COMMISSION MERCHANTS,
No. 123

PEARL

ST.,

SEW TOBK.

Orders for futnre dellverr of Cotton executed in

CO.

JOHN

II.

CI.ISRY

&

CO.,

BSTABLISHBD

Eug^ene H. Cole,
STATIONEB AND PBINTEB.
Supplies Banks, Bankers, Stock Brokers and Corp<>
rations with complete outflu of Account Books ana

|y" New concerns organ ling
promptly executed.
t

will

hare their orden

WII.EIAM STREET,

1

Phenix Insurance Co.
OF BROOKLYN,
195 Broadway, New Yort City
Company Itt Day of Jan., 1886.
CASH CAPITAL
»J'292-ffiS M
»«
Office,

statement of

Reserve for unearned premiums
Reserve for unpaid losses
Net surplus

2.846,0«

92
2?I'?I2 i»
714,ie7
ti,9io,iss as

STEPHEN

CBOWEliIi, President.
WM. R. CROWKLL, Vice-President.
PHILANDKR 8UAW, Secretary.

Assistant Secretarr.
Dep't.

GKO. U. FISKK.

FRANCIS

P.

BURKK. Sec'T Local

iETNA
Company

Insurance

OF HARTFORD.
Capital
IJablUtlea for nnpald losses
and re-insuranoe fund
Net Surplus

Auets Jan.

1,

2,057,776 24
3.202.320 41

$9,260,096 6S

1886

No. 3 Cortlandt

$4,000,000 00

St.,

New

Yorlr

COTTON BUYERS,

Co.,

inONTGORIEBY, AI^.

LOMMERCIAL UNION

PURCHASK ONLY ON ORDKR8 FOR A COMMISSION
WARB & SCHROBDBR.
FELLOWES, JOHNSON & TILESTON,
OOTTON COMMISSION MERCHANTS,
COTTON, sto<;ks, bonds, &C.,
Cotton Exchange Building,
as WILLIAM SI REET, NBW YORK.

YOBK.

1855.

JAS. A. AI.EXANPEB. Agent.

Bnooeeson to

IfMXr

IRON COTTON TIES.

Bloss,

New York and Liverpool; also for QrainandPio
visions 1= New York and Chicago.

Liverpool Corrsbpondents,

G.

New York.

&

Reid

Co.,

NOBFOI.K, VA.

COTTON KXCIIANGE, NEW YOKK,
VA.

H

&

Cotton Brokers & Commiasion Merchants,

COMMISSION MERCHANTS,

Geo.

Price,

ORATZ

A.

ST. I.OCIS, Mo.
SlanBtactnTers ol Pure Jute Bagging.

(HANOVER SQUARE.)

ATTENTION GIVBH TO THE EXBOCTIOH

Orleans.

Rountree

New York.

BAGGING.

No.

Tort.

ORDERS FOB FUTUKE CONTRACTS.

CORRE8PONDKNT8
4aB.

40 and 42 Wall Street,

StfltioncrT

Co.,

tthe NBW YORK. LIVERPOOL AND NBW ORUBANS COTTON ItXCHANGBS. Also orders for

&

Bethlehem Iron Comp'y

XHPOBTEBS OF

Mohr, Hanemann& Co.,

St., New York.
XBCDTE ORDERS FOB FUTURE DELIVERY

Messrs. Smith, Edwards

SAM'L D. BABCOCK,
S3 Nassau Street, New Tork.

York.

Orders executed at the Cotton Exchanges in New
Tork and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our corresgondents in Liverpool Messrs. L. Rosenheim de
ODS and A. Sterol Co.; in London, Messrs. B.
Newgass St Co.

8 Sonth \t'IUlam

the

IT ITater Street, LIVEBPOOIi,
Receive consignments of Cotton and other Prodao«^
and execute orders at the Exchanges In Liverpool.
Represented In New York at the office of

WARREN, JONES

COMMISSION MERCHANTS,

t

COMMISSION MERCHANTS,

:

City.

C OT T

BABCOCK&CO.

B. F.

nianliattan BnlldinK,

New

TOBK.

Henry Hentz

SPINNEBS' OBDBBS SOLICITED.

Montgomery, Ala.

Sold for Ca£h, or carried on Margin, on the varioua
in

PHILADELPHIA.
MAIN STREET,
NORFOLK, VA.

No. 49

LEHMAN BRO'S,
Cotton AND Factors
Op-town Office,

Cotton, Coffee, Grain and Petrolenm Bought and

xohanges

and

Cotton Commission Merckants,
No. 116 CHESTNUT STREET,

connnissioN kiebchants,
No. 40 EXCHANGE PLACE,
HSUBES8 OF TBE OOTTON, 00 f FEE AND
PRODUCE EXOHANOES.

BUYERS FOE AMERICAN MIIJ^.

&

&e.

Lehman, Dcrb & Co

Co.,

New Orleans, La.

coTTorsr.

R. Macready

HATRE,

St.,

NEW YORK.

Mlniiii inontgoinerjr

Co.,

NEW YORK.

Ootton Excbance Balldlnc, NewYork.

St. dc

&

BANKERS ANU COMMISSION MERRCAANTS
1 UriLLfAin STBEBT,

Cotton Commission Merchants,

19 Sonth \irUUam

COUNTRY

aooouoU

Edward H.Coates& Co.,

Robert Tannahill & Co.,

&

j

Personal attention given at the EXCHANOBSto
the purchase and sale of STOCKS and BONDS for
cash or on margin.
DEPOSITS RECEIVED—snbject to check at sight
Interest upon balances.
Special attention paid to INVB9TMBNT8
of
BANKERS.

York.

OFrasiD OH Tbbms to ann.

Graham

14 NASSAU STREET, NEW TORE.
BRANCH OPFiCEB Igg ^fa^elMlrS'e'w liaVi-

—with

New

or SPINNBRS

C.
J.

P. BateK.

Arthur M. EateA,

T. Hatch & Sons,
BANKERS,

W.

MERCHANTS,

flKVr

Benry

Waller T. Baleh,
Nalh'l W. T. Baieh.

Stillman,

Post Bnlldingr, 16 & 18 Exchange Place,

1886.

^tsjcellaueous.

®0tt01I.

iSiottan.

Woodward &

INavEMBBRSO,

Orders In " Futures" executed at N. Y. Cotton Eso

Assurance

Co.,

limited.

of london.
Offlte, Oor,

Pine * WUli»m

Slreelt,

New

Tork,