The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
.
.
financial;
xmtlt
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
VOL.
SATURDAY. NOVEMBER
49.
%ht
23,
NO.
1889.
1,274.
It will be noticed that there is a pretty large increase
($72,690,640) compared with the previous week in the aggregat*
for all the clearing houses, but this is due to the fact that
Orixroukle,
while the current returns cover a full week, those for November 9 embraced only five business days at New York and some
For One Year (incliidinK postage)
other important ^xjints. .Sixiculation has been more active at
$10 20
For Six Monflis
do.
(j 10
the New York Stock Exchange and the dealings on the ProdKuropcan .Suliscriptiou (iucliidlui; postage)
11 50
uce Exchange have been quite free. The volume of transacEuropean Subscri^ition Six Mouths (iucludiuf? postage).
(i 75
AuDUitl Buljscription in London (including postage).
tions in each case, and in cotton as well, exceeds the total for
£2 78.
Six Mos.
do.
do.
do.
£1 88.
the like week of 1888. The exclianges at New York for the
Tliese prices include the Inve.stors" Sdpple.ment, of 1.50 pases, week other than those having origin in share operations are
issued once in two months, and furnished without extra charge to $561,136,613, and compare with $519,026,787 for the
preceding
Terms of Subscription— Payable
subscribers of the
in Adranee:
Chkomcle.
week:
Contrasted with the week of 1888 there is a gain in the total
of 12-7 per cent, the excess at New York reacliing 161 per
cent, and in the aggregate for all other cities being 7-1 per
Subscriptions will he continued until definitely ordered stopped. The
Eleven cities report declines ranging from 0-4 per cent
publishers cannot be responsible for remittances unless made by drafts cent.
or Tost OIHco mone.y orders.
at Galveston to 33-9 per cent at Duluth. But aside from Duluth, Los Angeles and Norfolk, the losses are unimportant.
There are, moreover, some very heavy percentages of increase,
Terms of Adyertising.
notably Fort Worth, 286-7 percent; Dallas, 76-1; Denver, 42-4;
Advertisements ordered for less than one month. In the Co.M.Mi:itt'iAL
& Financial Chronicle, are published at 25 cents per line each Inser- Louisville, 373 Cleveland, 36'2 and Omaha, 341 per cent.
tion. When orders are definitely given for one mouth or longer, a libtl'ee/c Ending Hovembtr 10.
Wuk £nd/ntf Xov. 9.
eral discount i» allowed, and the net iiricea may bo olitaiiied on apjilication at the otlice. The lowest rates on permanent cards definitely ordered for one year are S cents per line each insertion, making .li.58 for
1889.
I88».
1888.
P OmL
P.Ct*U
gne inch space one year. Space is measured in agate type— 14 lines to
*
the inch.
t
New York
7;6.05e,618
e«7,78d.98i
70I.718.11t7
-iia-i
-hso-a
SdUi of—
liOndon Agents:
A Me
cents.
cover
f'lrni.shed at ,50 cents:
is
Volumes bound
postage on the same
18
Is
for subscribers at $1 00.
;
Edwards &
Smith, 1 Drapers' Gardens, E. C, will take subscriptions and advertisements and supply single copies of the paper at
Is.
each.
WILLIAM B. DANA.
JOHN G. PLOYD.
,
Wotton
....
lOrain
(P«trol«um
(67.1,600
(33,9f6,»la,
(6.915,0001
Mi«li«ls.
btiU.)
Boston
Providence..
Hertford
WILLIAM
100.500.454
6,482,S0U
2.006,078
1.3IH,5»b
1,I5».««3
1.307,100
1,358,301
telegraph, etc. (aa fully
explained on this page in our issue of October 26 and previous
numbers), indicates that the total bank clearings of all the
clearing houses of the United States for the week ending to-
November 23, have been $1,243,064,923, against §1,208,986,.538 last week and 11,053,713,433 the corresponding week
day,
last year.
_t57
-09
114,674,646
-H8D
66.18',12l
-H)3
79,704,558
18.M)7,037
12,799,688
-I-85-7
Syracuse
70.335,344
13.8;0,W41
14.071 .8«T
S10.30;
B8:),a68
f27-a
BufliUo*
3,S6I.W0
....
New
Kngland-
Philadelphia
Pittsburff
Bult Iraore
Total Middle
1889.
New York
61.018,000
18,163,183
12,795,175
$919,309,312
116,439.203
$787,222,217
99.011.200
Boston
80.943,100
66.395.8t3
Philadelphia
Baltimore
Chicago
St. Louis
New Orleans
Seven
11,092,5(17
cities,
5 flays
Olhercltlcs, 5 daj's
Total all citloB, 6 days..
All cities, I day
Total
The
all cities
full
1888.
$540,230,041
74,738.674
67,900,147
10,169,802
57,310,000
14, 6^3. 397
12,190,256
$66!?,911.188
for
week.
$806,233,417
187,480,016
S1,035.74H,51Z
207,316.411
81,243,06i.92S
I
details of clearings for the
above statement
will be given
+8-3
+ H-T
-19-1
-I-6-5
+23-6
+5-0
-1-19-8
+17b
-t-19C
-1-1 0-6
week covered by
next Saturday.
We cannot,
of
bank clearings being made up by
the various clearing houses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to Ijc
in all ca-ses estimated, as we go to press Friday night.
Below
course, furnish
them
to-day,
are our usual detailed figures for the previous week, that is,
covering the returns for the period ending with Saturday
noon, November 16, with the comparative totals in 1888.
t»2-4
-48
ll,i»1.-|)9
-t-19-
IV.866.423
-(»4
822.428
-15-8
1-28-8
8,273,881
gi.S14.74I
-t-ss
107,196,319
66.868,690
fl8-2
+11-7
70J«a.a6»
-t-10»
-t-36
2,491.317
2.20«.r7l
1.393.68J
7U4J!01
-10
+ 10-2
-t-5B
109,962,410
97.136.177
-(-13-2
20.210.876
-8-8
17,828,819
Omaha
Denver
UuluUi
4.101,15'
1,323,414
Joseph....
Los Anxeles....
1,297.559
fan
+U8
101.414,968
18.428.637
9.278.358
7,371,507
5.250,814
5.214,87'
...
Detroit
Total Middle Western
San Francisco..
Kansas G>ty....
Minneapolis...
St. Paul
St.
Wichita
Portland'
-t-178
4,42«.0*
.^l8«
S.890.116
2.879.085
a.0j6,28
1.306,492
-fS4-l
-r42-4
8U2.UU0
615.321
279,171
689.902
-S6'9
-0-7
—21-8
-(-7-9
-(-16-2
-8-9
9>I9,879
7.631.745
6,908,304
4.192,492
4,423,516
1.674,618
1.167,180
7113,288
609,8811
377.066
672.619
2,133,278
Orleans..
Louisville ....
Memphis......
Richmond
Galveston
Dallas
Fort Worth...
Norfolk
-8-8
-1-30-0
-flS-l
-t9-S
-I-16-9
-i-lO-7
•hM-8
-ie-8
-H7-«
-lO-l
-I-IO*
-f8-7
-l-ll-S
7II8,«M
51t.519,7»6
-rS5
C4. 108,813
18,143.217
13,778,318
5.901.633
3.569,062
1,836,»42
-l-B-7
20,516.297
13,867,278
8.120,823
4.189.388
8.821.717
2.102,011
1.138,0<M
1,076,888
l,8»,ai'3
l,I4<Un»
652.890
Birmingham*.
-t»-B
-t-M-0
-t9-»
-fi6'4
-l-H-9
-H>-0
^958
10,007,178
14,951.462
8,102.264
<.494.eii
2.277.680
2,186.730
1,087.182
1,303,3;6
New
2.1B5.07IS
817,470
3S7.044
1.397.889
-i8S
+8r»
-H6-8
+84-0
-0-4
-1-76-1
-t
286-7
-18-0
-i-ir»
-^2s-s
447-«
-1-10-9
tvyt
-14-1
+948
-1-208-4
-«»-8
47,766,181
-t-161
64.136,516
-M9-7
1.20S.9S6.538 1.072.7V.3.9BC
+12-7
186^95,8981
-l-«4-»
4S4.87».l«ll
1-17-S
66.157.670
Total Southern...
all
'Not Included
-02
0.2l'9,4<>3
61,893,027
Loots
New Y
-1-17
858,764
713.990
Taooma*
Ontslde
-f9»
2
1.208.778
Seattle*
Sioux City*
Total
1».1)27,600
697.990
556.021
321.712
548.986
2,156.309
,
Topeka
Des Moines
St.
the
-t-2U6
1.IU9.71I
3,.'^^B,2»J
Milwaukee
TuttI Other Western.
$1,053,713,433
-l-B-3
1. 032,9 J5
5,168.544
4,U86,K10
GinolDnatl
Grand Rapids.
-1-23-S
1,2&«.£,43
l.Jiie.RSl
11,021,000
5,708,165
5,180, 1 18
4,381,599
2.710,900
2,099.730
1,466.888
742.118
Peoria
Per Cent.
6.517,800
1,70I,B37
74.549.74 «
12,202,450
6,73I,»5o
5,479.507
4,617,S84
2.917,800
2.183,740
1.636.198
743.642
Cleveland
2U.
103,.371.274
e».148,&lU
.
Chicago
ludlHUupolis...
Week Ending November
(6.470.000)
-2-8
-1-16 »
i-13 9
747.tlB»
.
Columbns
Clearisos.
Rtiurna by Telegraph.
(—«l-8
116,04fl.0,'5
Total
made up by
(1,400,037/
(604.100)
l-t-784),
"ilO.OOB
Lowell.-
table,
(+n-7i
(+20-6/
I14.86j,29«
—
B. II.4NA & Co., Piiblishers,
104 \t^Ullam Street, NKW YOKK.
New Haven.
Post Office box 958
SprlQRfleld...
CLEARING HOUSE RETURNS.
(1,543.918)
(47J,600I
(1»,SS«.SI0>
111,872.000
101.158.472
5.«48.0a0
1.974,772
1,3^2.501
1.292.002
1,239.962
1.491,251
746,680
Worcester.
Portland
The following
(I,«S,74e
tharea.
bales
(iStoclK
Messrs.
;
rk
In totals.
48.'i.»-i9
tia'
4-S
I'J.'oaO
'IHE
668
CHRONICLK
THE FINANCIAL SITUATION.
On
a subsequent page we have written with regard to
withdrawal of public deposits from our banks,
the
rumors respecting which have caused a fooliah scare in
Wall Street this week. There has also been a good
deftl of uneasiness occasioned among investors by reports
respecting Mr. AVindom's recommendations with regard
We think it will be time enough to
to silver coinage.
discuss this latter question when we are sure we have
the Secretary's plan correctly stated. In the meantime
the public in its judgment ought to give the head of the
Treasury Department credit for a grain of sense, and
The
for at least the same quantum of honesty.
responsibility for the
management
of the finances of the
[Vol. XLIX.
money on call at 7 to 8 per cent, and even higher.
Time money for sixty days is at present hard to get at
and although 6 to 7 per cent is bid, there are
Loans have been made for five, six
and seven months at 6 to 7 per cent, but lenders
have the choice of dates, and insist upon contracts running for
the longest time, so borrowers
have no alternative. There are no quotations
for
good mixed collateral.
The
money
loaned on time is principally the proceeds of maturing
loans, and the high rates bring in fresh supplies very
slowly.
Collections are good, otherwise merchants
would suffer from this stringent condition of the market.
As it is, the city banks are not buying paper
their funds have to be employed in accommodating
their customers, except such as they put out_ on call.
The quotations for commercial paper are only nominal,
the rates being exceeded in every case where trans-
any
price,
rery few offerings.
;
Government, with all its complex currency arrangements which could hardly be worse, rests upon the
Secretary. No doubt he has in the silver situation a very
hard problem to solve. No doubt also there will be vigor- actions are made the quoted figures are 6 per cent for
ous efforts made in Congress to force through larger coin- sixty to ninety day endorsed bills receivable, 6^ for four
age and in fact free coinage. The House has heretofore months' acceptances, and 6^@7i per cent for good
had a two-thirds majority for any silver measure how- four to six months single names.
There is no material change in the condition of
ever wild, and with representatives from the new States
;
The
it is feared may be sim- money at the leading financial centres of Europe.
mention these facts simply to cable reports sixty to ninety-day bank bills in London
recall the situation.
Our plan for meeting it, in the, at 4 per cent. The open market rate at Berlin and
face of these surroundings, would be to stand for cor- Frankfort is 4|- per cent, and at Paris it is 3 per cent.
rect principles of finance, clearly and boldly, letting the The London market was unsettled early in the week by
"worst come if it must, but leaving the responsibility the news of the revolution in Brazil, and the securities
with those who bring it upon the country. On the other of that country fell sharply, while there were fears that
hand, there aje conservative men who think the danger gold would have to be shipped to Rio Janeiro ; but the
can be postponed, and perhaps in time through a return uneasiness subsided on the official declaration by the
•of reason among the people finally averted, by measures Finance
Minister of Brazil that the engagements
"which yield something and thereby resti-ain extremists. entered into by the Empire would be respected by the
Under these circumstances, to keep the mind in a recep- Republic. The Bank of England lost £310,000 bullion
tive state seems to be the best attitude, until those who during the week; this, as we are informed by a special
have a right to speak have spoken.
cable to us, was caused by the import from Australia of
As we write we hear a rumor from Wall Street that a £130,000, by receipts from the interior of Great Britain
certain bank has been notified by the Secretary of the of £38,000, and by exports to various points (Portugal,
Treasury of the withdrawal of the Government deposits Cape of Good Hope, &c.), of £368,000. The Bank of
because, as is claimed, this bank had been exacting France also shows a decrease of £86,000 gold during
extreme rates for money; the rumor has it also that the week.
other banks are likely to lose their deposits from the
Our foreign exchange market was heavy early in the
same cause. We give the statement, as it has had an week, but steadier towards the close. The rates posted
influence on money, though the action reported is so by the principal drawer remain unchanged at 4"81i for
very grotesque there can be no doubt of the source of long and 4-86 for short. On Tuesday, affected by
the rumor being nearer home than Washington. As active money, there were more liberal offerings of bills,
a method for giving the public an easy money market, but on the following day the tone became steadier and
it would closely resemble the practice of the doctor killit has been inclined to be firm since then.
There is said
ing his patient to work a cure. Nothing in fact could to be a large uncovered short interest and some probaaggravate the monetary situation more.
Besides, there bility of a demand later on to close contracts made in
are legitimate and orderly ways of punishing wrong the expectation of delivering bills sold for November.
doing in this particular without inflicting the heaviest This, if it occurs, will be due to the bad weather which
punishment upon the public.
The statute pro- delayed the movement of cotton to the seaboard and
Tides sufficient penalties for exacting high rates of Gulf ports
in many cases the shippers on this account
interest.
In fact national banks forfeit their franchise have not been able to get the cotton on to the vessels s6
if it can be proved in an action brought by the Comp- as to procure bills of lading, and consequently they
troller that the directors knowingly violate, or permit cannot complete their bills of exchange.
It is also
any of their officers, agents or servants to violate, any of reported that shipments are hindered somewhat by a
the provisions of the organic law, and one of the pro- scarcity of freight room at some Southern 2)orts, due to
visions forbids the taking by any association of more large exports during past weeks.
than the legal interest of the State where it is situated.
General trade continues large and active, though in
Under the influence of the facts set out above, the a few special lines the tone appears to be somewhat
tendency of the money market this week has been quieter. The iron and steel industry is not one of these,
towards higher rates. The range for call money at the for the reports all agi-ee in saying that the greatest
Stock Exchange has been 20 to 1 per cent, the average for activity prevails and that prices are firm and further
the week being about 6 per cent, at which figure renewals advancing. As in previous weeks, the Western markets
have been made. Many of the banks and trust com- are specially excited, and it is there that the tone is
panies never take over 6 per cent, but others have placed strongest. It seems strange that with nearly all other
just admitted, the Senate too
ilarly constituted.
We
;
November
23,
if
THE CHRONICLE.
89.J
669
industries in such a state of animation
the anthracite is to turn over all its traffic, bat merely such as the Bock
form an exception to the rule. Island's representatives on the Pacific Coast may securo
But such is the fact. Of course the mild weather for their road. The Atchison managers would hardly
experienced all through the year, as compared with agree to deflect business from their own Chicago line to
very severe weather in 1888, accounts for this condition that of the Rock Island.
But in the way mentioned
Still, even with this drawback continued, both systems would gain.
of things.
The Atchison would secnre
it hardly appears possible that the great industrial ae.
west from Dodge City the Rock Island's through traffic
tivity prevailing should not soon produce a change for in addition to its own, while the Rock Island would !>«
Mr. John H. Jones has this week issued ensured of a share of the traffic coming east. The re*
the better.
his statement for the month of October, and it discloses ports say that the arrangement will not interfere with the
one favorable feature at least, namely a reduction of proposed through route over the Rock Island, Colorado
172,328 tons in the stocks at tide-water points.
How- Midland, &c., but that this route is to be perfected, and
ever, total stocks are 704,909 tons, which compares with that a provision is contained in the agreement covering
only 359,133 tons on October 31, 1888, and but 158,976 that point, the Atchison, however, to get a full equiv^
So it cannot lent for what it gives. But the Atchison and the Rock
tons at the corresponding date in 1887.
trade should
coal
still
be claimed that the situation in this respect is even yet
very satisfactory. The reduction that has been effected
follows entirely
from the
restriction of the output, the
Island are also direct competitors in a considerable sec-
from Chicago to the Missouri River, they both have a large
mileage in Kansas. It is in this particular wo think
tion of territory. Besides having separate lines
production for October, 1889, having been 475,656 tons
than for October, 1888. The consumption does that the greatest good is to result, for the agreenient
not show quite so large a decrease, reaching 3,884,198 provides that the interests of the two systems in those
tons, against 4,199,204 tons in 1888 and 3,421,070 tons respects shall be completely harmonized and rates mainless
in 1887.
large;
Of course
it is
last year's figures
were exceptionally tained.
gratifying to find this time a
very substan-
—a
circumstance which
did not exist in the previous month.
A summary of these
tial
increase over two years ago
various facts in our usual form
The
effect
We
avoided hereafter.
tracts
must be
since all antagonism
and
in the highest degree bene-
and
friction will be thereby
get in these various traffic con-
alliances that are being announced, one after
manner in which the difficulties
which have hitherto stood in the way of the satisfactory
working of the railroad system are being overcome.
It is interesting to note that the Mobile & Ohio
which for a time seemed to be an exception to the rule
of growth in income, is now, under the intelligent
guidance of President Clarke and Mr. William Butler
Duncan, making substantial strides forward and showanother, a hint of the
is as follows.
Jan.l
Octobtr.
ficial,
to Oct. 81.
j
1889.
1888.
1887.
1889.
1888.
1887.
Toru.
877.2M7
7bn«.
370,811
Tom.
Tbnj.
loM.
394.748
62.'i,15fl
Tbnt.
130,677
3.711,670
4,187,.'i28
Total SQDplr
end of perloa
4.C89,107
104,909
4,568,381
859,133
8,580.046 29,924,317 31.854,120 «8.M9,03l
lE8,t7(J
15»,U76
704,909
359,183
rnnumnptton..
8.884.1(18
4,199,204
3.421.070 29,216.408'81.494.987'28,400,05S
Btook
beKinnlDfc
of period
Pradactlon„
.
8t'k
3T2.28S
3,185,898 29,!i99,l61 31.783,143 28,186,749
ing steadily increasing earnings. We have been favored
October 31, con- this week with proof sheets of the annual pamphlet resumption in 1889 is thus seen to hare been over 2^ milr port, and find that gross earnings of 12,881,474 for the
lion tons less than in 1888, but 819,000 tons greater year ending June 30, 1889, compare with
12,629,537
than in 1887.
for 1888, 12,431,380 for 1887, and 12,079,188 for 1886.
For the ten months of the year
Railroad combinations are
to
the order of the day.
Thus the increase has not only been constant, but it
has been large, reaching in the three years nearly
lar to that recently entered into between the Northwest 40 per cent.
Evidently, the lease of the St. Lonis &
and the Union Pacific, has been made by the Rock Cairo, giving the road a line into St. Louis, is proving
Island and the Atchison, virtually binding the two sys- very beneficial.
These increasing earnings have been
tems together for traffic purposes. In this case the dif- made, too, on a steadily declining freight rate, the averIt
is
announced that a very
still
close traffic alliance, simi-
must have been much greater than with the
and the Northwest. In the latter case
the situation was very clear. As we put it on a previous occasion, each road had what the other lacked
and wanted. The Northwest had no outlet to the Pacific coast, the Union Pacific no outlet to Chicago
and the lakes. Hence a union of the two systems was
natural and simple.
But with the Atchison and the
Rock Island, things are different. While the latter,
it is true, has no line to the Pacific, the Atchison already has its own line to Chicago, and for the mere
purpose of forming a through route between Lake
Michigan and the Pacific coast would not need the aid
of the Rock Island.
Nevertheless, it is easy to see
ways in which important benefits may be derived from
an alliance of the two systems, and moreover if the
&
ficulties
age per ton per mile on the Mobile
Union
the late year having been only 97 hundredtlis of a cent,
Pacific
while on the St. Louis
90 hundredths.
A
&
Cairo
glance
at
it
Ohio proper for
was even
the
less,
freight
or but
averages
why
earnings between 1880 and 1886 did
There was no falling off in traffic,
but in 1879 the average rate received was i-48
cents per ton per mile, and in 1886 only 1'60
cents.
Since then there has been a further heavy
fall, as we have seen, the figure now being less than a
It is a striking commentary on the
cent a ton a mile.
suffices to tell
not increase.
effect
of
the decline in rates, that while in 1879 the
freight earnings were $1,444,000 on a tonnage mileage
of 58 millions, for 1889 they are but 1128,000 greater
on a tohnage mileage of nearly 161 millions. On the
St. Louis & Cairo division the tonnage has increased
arrangement did not promise to be mutually advanta- from 20 million ton miles to 57 millions in two years.
geous we may be sure it would not have been made.
As regards the fiscal result of operations in the late year,
The dividing point for through business, it is stated, the report shows that the company earned $226,212
will be Dodge City, in the extreme southwestern part above expenses and obligatory charges, but as $160,199
of Kansas.
At that point the Rock Island is to turn was spent for new equipment and for betterments,
over to the Atchison all unconsigned west-bound traffic, the actual balance available for cash interest on the
the Atchison, on its part, delivering to the Rock Island new general mortgage bonds was only $66,013, making,
the east-bound
traffic.
We
do not suppose the Atchison with the $14,504 carried over from the previous year, a
.
THE CHRONKJLE.
670
total credit balance
Thus
of 180,517.
holders were
[Vol.
XI IX.
of "calling in as early as possible such portion of the
from earnings, and the " deposits as could be withdrawn from the banks withcompany paid that amount in cash on the September " out serious inconvenience to trade and commercial
"interests ;" furthermore, "that he thoroughly disapcoupon.
irregular this week. " proved the policy of deposits in bank in excess of
The stock market has been rather
On Saturday and Monday the tone was very strong and " amounts required for the transaction of current public
at times positively buoyant on the large gains in earn- "businesa."
It soon became
ings and the better bank statement.
We also have reason for thinking that some suggesentitled to about one per cent
made
apparent, however, that very free sales were being
both for the long and the short accounts, some of the
selling being from the other side.
The revolution in
Brazil also came in to check any further upward movement, since that event unsettled for the time being the
financial situation abroad.
Later, much was made of
the reports that the Secretary of the Treasury was to
withdraw the Government deposits from the banks.
These various influences have kept the market in a
more or lees unsettled condition, but on the whole the
recession in prices has not been important.
made up from
following statement,
I'he
currency and gold by the
New York
What the precise influence was
which led to the making of such an inquiry at this
particular emergency in money will have to be left to
ance of that purpose.
Not unlikely
the work of preparing the message and reports for
the reader's imagination to determine.
Congress has in some way made opinions on that point
Most certainly the inquiry cannot have been
started with any idea of immediate action ; that is
desirable.
returns evident from what has been already said.
It is evident
also from the slow rate of withdrawals by the present
Administration up to this date.
On the first of March,
and shipments
collected by us, shows the week's receipts
"of
has recently been made by the
Secretary to one or more bank officers in this city and
their advice asked with regard to taking steps in further-
tion as to withdrawals
banks.
assuming control of the Government,
banks was reported at i>48,Since then the item has fluctuated slightly,
818,991.
a good many bonds that were held as security for these
deposits having been paid by the Government
but in
great part other deposits have supplied the place of
those thus disturbed, so that on the first of November
the total of funds so held was reported at $47,395,479.
That is to say, in the eight months, during which
occurred a long period of very easy money, the Administration has found it inconvenient (may we not say
impracticable ?) to lessen this item more than II,just prior to its
Received by
Shipped bn
N. T. Banks X. T. Banks.
a^eek ending Nov. 22. 1889.
Onrrenoy
fa.sTO.ooo
$1,353,000
Oold
Net Interior
MoiYTnent.
LORS.
Los?
605,000
Total Bold and legal tenders....
11,333,000
With the Sub-Treasury
operations, the res ult
ta.uiu.ooo
603 000
Loss. 11.555.000
is
Sl.355,000
13.e00.00U
Bob-Treasunr operations
Total gold and legal tenders...
I
J2.910.000
12,200.000
il4.955,000
115.110,000
:
Net Change in
Out of Banks.
Bank
Banks Interior Movement, as above
Holdings.
Loss. $1,555,000
Gain. 1,400.000
Loss.
$155,000
Bullion holdings of European banks.
«<w.21.18S9.
Nov.
22, 1888.
Banktof
Sold.
Total.
£
Bngland
Trance
£
Sold.
£
SUver.
£
19.822,768
19,822,786
61,526,427 49.999,380 101,495,807
25,459,334 12,729.666 38,189,00i:i
Gensan;
£
18.466,473
....
40,987,808 49,278.052
28,744,000 14,372,00(1
2otai.
£
18.466,473
90,265,860
43.116,00'J
Aii8t.-Hung*}
Netherlands..
6.398,000 16.048.000
81,444,000
5,930,000 10,551,000
81,501,01,0
6,867,000
5.914,000
11.181,000
5,090,000
7,458,000
12,548.000
Nat.BelKlum
8,611,000
1,305,000
3,918.000
2,420,000
1.8!0,000
3,830.0T('
To
week :110,C84,627|8S,964,0!6
this
Tot.preT,w'k. 110,114.587185
1
8ii8,2.'»
196,04S,573 101,638,281 87,839.052 189,527.333
195,982 765 102,629.242 87,705.271 190,334,513
WITHDRAWAL OF BANK DEPOSITS.
There were rumors on Monday that Secretary Winabout to withdraw in a wholesale way the 47
millions of public funds now on deposit with the na-
dom was
tional banks. Reports of such action were claimed to be
the chief influence which put up the call money rate to
per cent on that day ; these reports also had a decided
influence on the values of stocks, and even affected the
actual rates for foreign exchange.
similar rumor
.20
A
has done service in the same cause so
one wonders how the public can take
many
its
times that
repetition se-
riously. Mr. Windom, when asked, very properly denied
any such design but as the Secretary has not done
;
anything during his
oflicial career which evinced a dedisturb commercial or finaacial interests, the
denial ought not to^have been needed.
sire to
No
doubt
it is
amount
in depositary
;
into Bajiks.
Weekend'.no Nav. «2. 1889.
»»50,000
the
the purpose of the existing Administra-
tion to lessen these deposits.
423,513.
The
not an easy endeavor to draw down
under existing circumstances. Of course
it could be done it an administration or its officer had
no regard for the solvency or the insolvency of the
whole community, for the entire amount is payable on
demand and Gould be covered into the Treasury simulIt could be done also qnickly enough withtaneously.
out harming any interest, if ordinary Government
But the
disbursements were larger than the receipts.
obstacle is a constant monthly surplus, with no way of
That was the
disbursing it except by buying bonds.
condition which gave rise to the increase of these
deposits during the last Administration, for the surplus
was much larger then than it now is, and the Secretary
truth
is, it is
these balances
at that time did
not. until
the resolution authorizing
by Congress, consider that he_ had
it
was
the authority to purchase Government securities with
So,
the surplus beyond the sinking fund requirement.
instead of disturbing industrial interests by drawing
out of banks and locking up in the sub-Treasury this
over-supply of revenue which was then about ten
millions a month, he let the banks deposit bonds and
on that security keep the accumulations. It needs no
more than this recital to show that to undo the
arrangement, whenever it is thought desirable, there
Mr. Windom proves
but one feasible method.
is
that he thoroughlyand clearly understands the situation
in this particular when he says that " withdrawals when
passed
That we think ought to
be assumed from the various official utterances which
have been made on the subject. Mr. Windom said as
much on Monday, when the rumor as to immediate "made will be for the sole purpose of re-investment in
withdrawals was brought to his attention. He stated, "United States bonds." That is to say, when the
according to a report in the New York Times, that owners of the bonds which are on deposit for these
although he did not purpose to do anything of that moneys, or when the owners of any other United States
kind, or " anything that could produce the least possible bonds, offer them to the Treasury for purchase in
"financial disturbance," yet he recognized the necessity sufficient amounts, he will purchase them and begin to
November
THE CHRONICLEL
83, 1889.
draw down the bank
•
That
holdings."
671
what he haa be the payment of the difference, aboat 7 million dolbeen doing in the past (see the statement for the last lars in lawful money, by the Oovomment to the
Cleareight months given above), and that is what he intends ing House institutions.
Certainly any operation that
to do in the future.
involved such a result as that would have to be carried
But there is, wo have reason to believe, concealed in on by a very heedless, or a very ignorant, or
a
the idea sugafested by the above sentence last quoted ery venal officer, to make it disturbing to the money
from the interview with Mr. Windom, a thought whioli market.
is the animus of a new agitation of this subject.
Some
But such a wholesale transaction is not, as wo hare
is
member of the Administration has imagined that the already shown, practicable. Furthermore, there is not
bonds deposited for security by the banks are loosely room for even a suspicion that Mr. Windom or the
held, being retained simply because they could be used Administration contemplates any
operation of that
for these
as security
Government funds obtained on
them, and consequently that
only necessary to
pressure to bring them all to the
it
is
description.
it
The
before he said
Secretary says (and the public knew
that he will not do " anything that
it)
" could produce the least possible financial disturbance."
an attractive one, and More than that, the public may rest assured that he
looks at first sight as if it might be made effective.
No will not even tread on uncertain ground he will ran
doubt when the deposit plan was adopted, that new use no risks, take no chances, but will act as any confor the bonds strengthened the holdings, since the Gov- scientious man who is familiar with affairs would act.
apply or exercise a
little
Treasury market.
The thought
is
—
ernment raised the price on itself by making the bonds
valuable as a basis for these loans at the time the Treasury was seeking to purchase the same securities. We
He
however, we assume, decrease these deposits as
offers, and will for the purpose get as many
bonds at his own price as he can, since that is but his
will,
occasion
urged that as an objection to the system when it was duty. How quietly and how insensibly, so far as indusintroduced
but there was then an apparent necessity, trial interests are concerned, all this can be done, we
as we have already explained, for the adoption of have illustration in the decrease of about 1^ millions
the plan, in spite of obvious objections.
It is natural during the last eight months.
Another illustration
to suppose, therefore, that now by taking away this involving a larger amount may be found during Mr.
support or use, the bonds will fall into Government Fairchilds's conduct of the Department. On the first of
;
hands at its own price. Perhaps that may prove in
some degree correct. But it must not be forgotten that
since the system went into operation circumstances have
greatly changed
prices of Government securities have
advanced materially and the holders who were willing
to sell have as a general rule sold.
To-day by far the
greater portion of the securities on deposit with the
Treasurer against these bank holdings of Government
funds are not owned by the banks, but are owned by
people who have loaned them for the use they have been
put to, and nearly all we are told belong to parties who
hold them in some fiduciary capacity. If j,these are
facts, and we think they are, pressure can induce sale
only to a very moderate extent.
;
The important
May, 1888, the amount of these deposits was reported
on the first of March, 1889, they had
at $61,921,294;
been reduced to $48,818,992, or a reduction of over 13
million dollars in ten months.
We doubt whether any
one who does not make it a business to follow these
figures even knew of such a decrease.
Truly, have we
not had a tempest over nothing
week?
in
Wall Street the past
THE BALTIMORE & OHIO REPORT.
One thing appears very clearly from the annual statement of the Baltimore & Ohio submitted this week: the
work
of
of reorganizing the property after the suspension
dividends aud the financial embarrassment which
however, so far as the money occurred in 1887, was done in a thorough and satisfacIn the short space of two years a wonthat whatever may be the tory manner.
result of this movement, it is not presumable that any- derful change in the outlook of the company haa taken
thing disturbing to business interests can transpire. place. With its finances readjusted and placed on a
Even if the most radical suggestion which has been safe and conservative basis, the management have been
market
fact,
concerned,
is
made could
be and
is
is
carried out, the operation
merely include
of
the
would
(1) a disbursement by the Government
amount paid for th(* bonds, and (3) a payment
left
free
to
capabilities of
make
a
new
the system.
and develop the great
Those informed as to rail-
start
road matters understood of course that the property
by the bank to the Government of the deposit held. was very valuable. Barring the mistakes of policy in
Since the banks hold in no case the full value of the the more recent years, and which finally led to the
securities deposited (so far as the securities are the 4 difficulties of 1887. it had been wisely and conservativeper cents, the deposit reaches 110, whereas the bonds ly managed. It was evident therefore that if placed on
are taken by the Government at 127), the result of the a sound financial footing, only time was necessary to
The result fully justifies
transaction would be not to decrease the lawful money effect a complete recovery.
Hence, while two years ago the prosbut to add very considerably to the amount afloat. this expectation.
According to the montlily statement issued by the pect appeared gloomy, now it appears bright aud
Treasury Department the first of this month there cheerful.
It is important to note in the first place that both
were at that date on deposit to secure these bank
holdings of Government money $1,403,000 of cur- gross and net earnings have increased over the year prerency 6s, $10,447,500 of the 44 per cents, and ceding, the former to the amount of nearly a million
$32,657,500 of the 4s, or a total of $44,508,000. dollars. This may appear a trifling matter in view of
assume that the whole the prevailing activity of general trade. But that
banks was to be forth- activity was not a factor the whole of the year, certainly
with withdrawn, the Treasury would take from the not to the same extei\t, nor were trunk-line conditions
banks 47 millions of deposits and put into the banks all of them favorable. The period covered by the
Were it report before us is that from October 1, 1888, to Sepover 54 millions, the proceeds of the bonds.
In the first quarter of this period—
possible for the transaction to be effected through the tember 30, 1889.
in the months of October, November and
is,
Clearing House, the only actual transfer of cash would that
Hence,
if
amount
of
we were forced
to
Government funds
in
THE (^HRONK^LE.
672
December, 1888
— trunk-line
affairs
demoralized and rates unsatisfactory.
were very
From
much
the effects
&
Ohio suffered with the rest.
Then, also, the demand for coal, bituminous as well as
anthracite, was restricted for a good part of the time on
account of mild weather, and it is well known that coal
forms a rery important item of traffic with all the trunk
The effect of these circumstances upon some of
lines.
of this the Baltimore
the Baltimore
& Ohio's
rivals is seen in the loss of $43G,-
Vol, Xl.12.
back, since the earlier reports were very deficient in
it
data of this kind.
Taking then the gross earnings, we
much
find that these, too, are
and
in that case
it is
the largest ever reported,
possible to contrast the results for
the different divisions for a series of years. The comparison might be extended so as to embrace the net
earnings as well as the gross, but the former are affected
by entirely separate and distinct influences, and as
showing the growth of traffic hardly furnish much of a
Thus while the gross is the largest ever
New York Central in the same period, guide.
and in the loss of $361,000 by the Erie for eleven reached, the net is far from being so. This applies to
mouths of the year (the full year's figures not having the system as a whole. But even as regards the separate
been published yet). The Pennsylvania gained like divisions, the net is in only one or two special cases up
the Baltimore & Ohio, but considering the difference in to or above the best previously reached. The reasons
the magnitude of the operations of the two systems, for this condition are well understood.
The company
the Baltimore & Ohio for the late year did better than is spending increasing amounts on the property, and
any of the others.
rates being on a much lower basis than a few years ago
This growth in earnings, too, has been general, and the ratio of expenses to earnings is also augmented in
000 gross by the
has extended to nearly all parts of the system. Barring
the main stem, and one small division in Ohio, where
that way.
presumably the effects of the unfavorable conditions
enumerated were most felt every one of the ten leading
divisions composing the system, and for which earnings
are separately reported, shows enlarged totals of gross.
In the case of the net earnings the amount of increase is
not so noteworthy, the company having evidently pursued a liberal policy in the making of renewals and
repairs, so as to keep the property up to a high standard. However, the increase in the net reaches $339,000,
and all but three of the ten divisions participate in it.
The income from outside sources also increased somewhat over that for the year preceding. As a result, the
surplus on the operations of the twelve months stands
at 1519,318 for 1888-9, against only $134,432 in 1887-8.
ings, the total of $21,303,002
—
—
And
this
surplus of over half a million dollars re-
mains after providing for the usual dividends on the
preferred stocks, calling for $300,000, and after paying
$350,000 in retirement of car trust obligations and
$122,487 for sinking fund requirements, &c. As the
outstanding stock is less than fifteen million dollars, the
$519,318 surplus would suflBce to pay a dividend of
about 3i per cent. Very wisely, however, the management have used the money in improving and strengthening the property under their charge. As bearing
further on this question of dividends, Jt is perhaps well
to state that the improvement in earnings is being continued in the current fiscal year.
Only one month of
this new fiscal year has yet elapsed, namely October,
and for that we published the figures last week, showing an increase of $370,708 in gross and of $293,500 in
net, the latter equivalent to 2 per cent on the stock.
Of course that ratio of gain can not be expected to continue through the year, and it is even possible that there
may be losses in some of the subsequent months, but
the figures are useful as indicating
steadily improving.
how
the prospect
is
The question naturally suggests itself, from what
parts of the system does the increased prosperity chiefly
come? We have already seen that as compared with
the year preceding, almost all divisions show improved
results.
But it is desirable to extend the comparison
further back, so as to cover a longer period of time.
President Mayer gives a table to show that the freight
tonnage of the system increased nearly a million tons
and has been steadily increasing since
1885, so that the total of 12,161,380 tons for 1889 compares with only 8,422,936 tons in the year mentioned.
in the late year,
Confining the analysis, therefore, to the gross earnfor 1889 compares with
only
$19,436,608 in 1884 and $19,739,837 in 1883.
This, however, does not reflect the full measure of the
gain made.
In the earlier years, before the sale of the
company's express business, the express earnings
counted in full in the results now they count only to
the extent of 40 per cent of their amount.
Mr.
;
Spencer, in his report for the previous year,
made a
show that the gross for 1888 (as compared
with 1887) had been reduced $860,000 by that circumstance, and that figure is probably a fair allowance in
calculation to
the present case
cluded in
full,
—that
is,
with express earnings in-
the gross of the system would stand at
$22,163,000, instead of
Even using the
$21,303,000.
is shown.
It
would be not unnatural to expect that a part of the
gain had come from the main stem between Baltimore
and Wheeling and its branches. Instead of that,
the gross of $10,452,473 on that section for 1889,
compares with $11,506,958 in 1884, and $11,579,839
in 1883.
This seems strange, since nearly all the
other parts of the system are tributary to that
Probably the loss on account of the expiece.
figures as reported, evidence of progress
Then
press business, has affected that division most.
also
the
fall
in
rates
would be
there, since that part of the system
especially
apparent
furnishes one-half
Furthermore, the conditions
as to the coal traffic have not been as satisfactory as might
Very important new coal fields have been
be wished.
opened to the south, so that in addition to meeting the
competition of the Pennsylvania and other lines in~its
own territory, the Baltimore & Ohio has had to meet
the entire gross earnings.
coal.
We may point
& Ohio and Norfolk &
Chesapeake
the competition of this
out too that the
new
Western carry at very low 'rates, the average on the
having been only "58 cent per ton per
1 888
Besides the main stem,
mile for all classes of freight.
the Parkersburg branch (Grafton to Parkersburg)
shows slightly diminished earnings, the total of $707,562
for 1889 comparing with $738,527 in 1883; the Pittsburg & Connellsville, another line having a large mineral traffic, also falls slightly behind, its earnings being
latter for
$2,731,174, against $2,813,172 in 1883.
With these exceptions, all parts of the system have
gained, and the principal lines very heavily.
Of
course,
an
and these for 1889 amounted to
It would be interesting to know the source of this $1,361,602.
The results on this division are improving
heavy augmentation, but unfortunately we cannot trace very fast, there being net of $332,472 for 1889, a^inst
the
Philadelphia
entirely
new
division
addition,
earnings
constitute
KOVEMBEIl
23. 18S9.
THE CHRONICLE.
I
a deficit of 176,221 two years before, and it does not
seem unlikely that that branch will soon become selfsustaining.
The Wheeling & Pittsburg division is
another that owes its gain in good part to neAV mileage,
and its earnings of $045,630 for the late year compare
with only $115,879 in 1883.
But there is also very
noteworthy growth on the older sections. Take the
Chicago line lor instance its earnings are up to
2,287,531 from $1,878,167—or take the Lake Erie
diyision, which has increased from $999,128 to $1,177,520, or the AVashington Branch, which has increased
from $346,505 to $457,709. Other instances are an
increase from $1,103,839 to $1,255,751 on the Central
Ohio division, and an increase from $164,781 to $220,150 on the Newark Somerset & Straitsvilie. It will be
interesting to study the changes a year hence.
Under
the growing demand for coal for manufacturing purposes and the great industrial activity in West Virginia
and Pennsylvania, it would seem as if the main stem
also ought now to come in for gain.
—
principles.
It
678
is
desirable
many
for
roa«on8,
ua
we
have frequently pointed out, that larger amounts of the
capital of our roads should bo represented by stock;
and a retirement of bonds and their replacement by
stock
is directly in that line.
In the Manitoba case
the debt had been very greatly increased by the extension of the system and the building of so much new
road, while the total of the stock remained r.nchanged,
the
new
extensions being represented wholly by bond
Hence on June
issues.
funded debt stood
and the stock at 20 millions.
30, 1889, the
at nearly 01 million dollars
The debt
will now be reduced to below 53 millions,
while besides the 20 millions of Manitoba stock there
will bo 20 millions of Great Northern stock.
The main reason for organizing a separate company,
however, has been the desire, as expressed, to provide
on a larger scale than is possible now for the development
The company thus
many of its operations
of the company's business.
far has been obliged to conduct
and extending the system through the
agency of outside organizations. The large mass of
MINNEAPOLIS & securities held, and which represents control of auxilPOSITION OF ST.
iary and proprietary companies, is evidence of that
MANITOBA.
fact.
The new arrangement is intended to allow of
The annual report of the Manitoba will be studied greater freedom of action, and from the standpoint of
this time chiefly in the liglit of the events which have an investor in the Manitoba such method of future
occurred since the close of the company's fiscal year. development jjossesses considerable attraction.
The
Our readers understand the nature of the change Manitoba company we assnme will be relieved of the
When the arrangements to that end have necessity of providing the capital for further new venproposed.
been perfected, the Manitoba will surrender independ- tures, since the Great Northern has been formed to do
ent control of its affairs and be operated and managed that work.
But the purpose of the Great Northern
under a long lease by another company, expressly formed being to develop the business of the Manitoba, the latfor that purpose, but whose stock will be held and ter will get the benefits in the same manner as if the
owned by the owners of Manitoba stock, since the outlays were made by itself. Should the new investThe question ments prove directly profitable, the benefits would be
privilege to take it is given to them.
in enlarging
PAUL
—
and benefits to two-fold that is, besides adding to the traffic of the
from the change, and how will the position of Manitoba, the resulting profits would strengthen the
result
affairs in the new order compare with that in the old position of the Great Northern and add to the value of
order, and, further, what kind of an exhibit is the its guarantee of Manitoba stock.
If, on the contrary,
therefore arises, what are the effects
company
—the
able to present for the late year
last
preceding the change.
The new plan
the new ventures should prove unfortunate, the Manitoba would have to stand none of the financial burden,
while its own property would remain for it to fall back
and some attempt made to throw legal obstacles upon in any event. It will be seen, therefore, that
It is worth while the operation of reducing the debt and charges
in the way of its successful carrying out.
has been adversely criticised in various
quarters,
while therefore to consider
its
leading features.
A
new could have been
company, called the Great Northern Kailway, is
formed, having an authorized capital of $40,000,000,
of which one-half is to be preferred 6 per cent nonOnly
cuinulative and the other half common stock.
the 20 millions preferred stock is to be issued now, and
this is offered to Manitoba stockholders at $50 per $100
share, the other $50 to be paid by a transfer to the
Great Northern of 22 million dollars, [par value, of
In
securities now held in the Manitoba treasury.
consideration for all this the Great Northern is to pay
off the $8,000,000 collateral trust bonds of the Manitoba, and which are secured by a lien on llj millions
it is also to
of the 22 millions securities mentioned
take a lease of the Manitoba road, guaranteeing regular
6 per cent dividends, in quarterly instalments, on Mani;
toba stock.
Obviously, the most immediate advantage to result
is in the saving in interest to be effected by the retirement of the collateral trust bonds. These bear 5 per
cent interest, and hence the saving will be $400,000 per
annum. To that extent, therefore, the position of Mani-
toba stock will be improved, for the charges ahead of it
The reduction of the debt
will be reduced that much.
and
fixed charges is also to be
commended on
general
just as readily effected without the in-
tervention of another company, the other object could
not have been attained in that way.
One sacrifice the Manitoba holders presumably make.
They forego, it would seem, all right to any dividends
above 6 per cent that may bo earned. But the excess
be available to pay dividends on the Great Northwhich will be owned by the holders of
Manitoba. As regards the 22 millions securities which
the new company is to have, these stand on the books
will
ern stock,
somewhat over 11 million dollars,
and cover very valuable properties, chief among them
the lines of the Montana Central and the Eastern of
Minnesota, and the property of the Northern Steamship Company, the latter comprising steel steamer
running between Duluth and Lake Erie ports. On account of their intimate connection with the Manitoba
of the Manitoba at
system,
it is
very desirable that these various roads and
companies shall not become dissociated from the ManiSo long as the ownership of Manitoba stock and
toba.
of Great Northern stock remained identical, there
would be no reason to fear such a result. But under
different ownership the danger would become real.
Care, however, has been taken to guard against this by
providing that "all the stock in railway and steamboat
THE CHRONICLR
674
"companies transferred to the Great Northern,"
must "be deposited in trust so as to retain their
" control for the benefit of both companies, thus assur-
" ing the unity
of the entire system."
[Vol. XLIX.
NATIONAL AND STATE LEGISLATION ON
RAILROADS.
Wliat,
any, connection
if
is
there between the en-
forcement of the luter-State law and the action of
Is
see wiiat the results of operations in the late year were Western States since the passage of that law ?
under existing methods. It should be remembered the increasing bitterness which lias been manifested
•^uch being the future status of the concern, let us
that this was a year of exceptionally unfavorable conOne of the system's principal items of traffic
ditions.
is
wheat, and the yield of this cereal in the Manitoba's
was cut very short in 1888 by a frost in August
territory
We
of that year.
called attention in a brief
way
last
towards the railroads during the
any degree traceable
the national
to the
effects
last
two years
in
of the attempt of
Government to supervise and regulate
?
Along with this query there is the
whether the national and State Govern-
railroad affairs
further one,
by that cir- ments in their attempts to control the railroads are
cumstance, the freight movement showing a decline from governed by harmonious purposes or whether there ia
559,795,053 tons one mile in 1887-8 to 407,068,580 tons a conflict between them.
If tlie Inter-State law is really responsible for"8ome
in 1888-9, or 152,726,473 tons, and this notwithstanding that the average mileage operated in the late year of the later legislation on the subject by the States if
was over 600 miles larger than in 1887-8. Rates would the latter follows from or has been occasioned by
appear to have been higher, since the average for 1889 the former then the blame should be apportioned
Of course, hostility to the railroads, with
is 1*49 cents per ton per mile, against 1-30 cents in accordingly.
The falling off in ton- attempts to prescribe rates and make other unwise regu1888, but that is misleading.
nage being in wheat, on which rates are very low, the lations, long antedates the passage of the Inter-State
effect was to raise the average, and tlie traffic from the law.
As early as 1872 or 1873 we had in the so-called
new extensions being at higher rates that also operated granger cases evidences of the same spirit. Taking the
week
to the falling o£E in traffic occasioned
—
—
more recent times, however,, we find ten or twelve years
As showing further the effects of the short crop, Mr. later new efforts to scale railroad charges down (notJames J. Hill, the President, points out that the loss withstanding the tremendous reductions made in the
in the same direction.
wheat carried during the year was over 16,000,000
Adding the direct loss of revenue on this
account to the indirect loss of the purchasing power of
the farmers, and the decrease in earnings from that
cause reaches, he says, $2,500,000.
That the falling
off in receipts did not amount to this large sum, but to
only about a million dollars, is entirely owing to the
increase of traffic from the new lines.
The falling off
came at a time when the company had increased charges
to meet, by reason of the large amount of new mileage
built in the last few years.
Now, what has been the
of
bushels.
The company could not, of course, contribute
$750,000 to the fund for renewals and improvements, as
effect?
in 1887-8.
In the
and voluntary
upon the income of the
roads. It is not difficult to explain that movement. With
wheat 50 or 60 cents a bushel lower than in some of the
interval
as the result
of competition
action), regardless of the effect
immediately following the resumption of specie
payments in 1879, the transportation charge on the
farmer's product, low though that charge might be,
was not so easily borne as before. Hence it was not surprising that the producer should have undertaken to
shift an increasing proportion of the burden upon the
carrier, especially as the carrier had up to that time
been doing comparatively well.
So far things were bad enough. At that juncture
This law
the Inter-State law came into operation.
might have improved the situation. In point of fact,
notjjing is more evident than that it made it worse.
The agitation has been prolonged, the attacks have
grown bitterer and legislation increasingly harmful in
As to the farmer's position in the meancharacter.
years
however, of a loss of a million
in the net, and with
charges half a million heavier than in 1887-8 and over
a million heavier than in 1886-7, the company's income
statement shows a deficiency of only $130,736 in meeting the $1,200,000 required for the 6 per cent dividends paid. For such a year and under such condi- time, if he was unable to get better prices for his wheat,
tions that cannot be regarded as qtherwise than very at least there was no further recession; indeed, for
encouraging.
It is to be noted, further, that with a good part of the last crop year prices were distinctly
$400,000 saved in interest, as is now to be done, there higher (whether through natural or artificial causes, of
would be a surplus above the dividends in even such a course does not matter), and the farmer had the benefit
notoriously bad year as this.
It is well to remember of the rise.
One may hardly look in that direction,
that the accounts of the Montana Central and the therefore, for an explanation of the continued hostility
Eastern of Minnesota have not been included in any of to the roads and the extreme form that this hostility
in the gross
face,
and over 1^ millions
these figures, since those roads are operated
Mr. Hill says that
directors that
it is
separately.
the opinion of the
board of
the experience of the late year clearly
shows the strength of the property, an opinion which is
certainly justified.
It only remains to add that the
prospects for the
present year favor very
much
better
wheat is decidedly heavier.
During July and August, before the new crop came
results,
as
the yield of
'
took.
The
real
secret
is,
we think,
to be
found in the
working of the Inter-State law. And as bearing upon
that point, it should be noted that not only has the agitation been unusually prolonged, instead of running its
course, as would doubtless have happened under ordinary circumstances, but it has somewhat changed in
From whom have
character during these two years.
complaints and the most urgent incitement to
the later
repressive legislation, chiefly come ? Has it been from
the farmer, as previously ? Has it not been rather from
To be sure, the
interior jobbers and manufacturers ?
farmer, thinking the railroad a natural enemy, has
company lost $331,202, but in September
and October it gained $421,847, so that it is $90,555
ahead of last year for the four months. The Montana
Central has been gaining every month, and is $171,797
ahead, while the Eastern of Minnesota for October (the sided with and eiicouraged'these other parties in their
only month for which there is a comparison) shows efforts to secure lower rates by law, but we think it will
forward, the
$110,102 increase.
be generally admitted that
it
has been chiefly these job-
November
IHE CHEONICLK
23, 1889.]
675
bing and manufacturing interests which hare been at " as their profit the hotter rate secured from the railthe bottom of the attacks on the railroads during the " ways.
This produced, notably iu the State of Iowa,
They have made not only the loudest "much dissatisfaction, especially among the class thus
last year or two.
outcry, but have been most persistent in their protesta- " affected.
Jobbers in that State, doing business with
tions of utter ruin to follow in case the legislative relief
"
asked for was not granted. And all this was the outgrowth of the operation of the Inter-State law.
"tation, seeking
their customers mainly
through inter-State transporfrom the action of the
relief, ostensibly
"railway, but really from the effect of the Inter-State
But how has the Inter-State law affected these jobbers and manufacturers ? We all know of course that
it has completely changed the methods upon which railBut the
road business had previously been conducted.
" Commerce law, went to the Legislature. That body en" acted a statute which, so fur as it could bo made
"applicable, adopted the Inter-State Commerce Act.
"It went, however, much further. * * • It was
special iMstnrbiug agencies have been the long-and-short " drawn with the express design to afford so low a rate
haul clause and the provisions forbidding all discrimin- " to Iowa jobbers and manufacturers that they coold
It had been the policy of the " buy in the larger markets, ship on an Inter-State rate,
ation and preferences.
railroads to favor special places and special industries "and then make a profit in selling to the retailer."
with reduced rates. As a rule this was done not from
This quotation gives a concise statement of the facts
mere whim or caprice, but in consonance with sound leading up to the present situation. It shows, too,
business principles, according to which a point afford-
what has been the animus of the later legislation.
ing a larger traffic or possessing other advantages was Mr. Cable also referrred to the apparent conflict
given better terms than points not so favorably situated. between the endeavors of the National and State GovIt happened, however, that in some cases less was ernments.
They are working at cross purposes, he says.
charged for a longer than for a shorter haul. After the "The former seeks to abolish all competition and prefenactment of the Inter-State law this practice had to be
Not only that, but as all forms of disdiscontinued.
crimination were prohibited, the act had a still wider
If one point 150 miles from Chicago was given
effect.
a preferential rate, why could not the same rate be
claimed by other points at the same distance from Chicago ? That might not be the final judicial determination, but it was a possible determination, and the railroads in readjusting their tariffs to the new law had to
bear it in mind.
It is not by any means certain that the amended rates
were higher than the schedules previously in force, but
it is certain that the rates were equalized between different points, so as to place
them
all as
nearly as possi-
on an even basis. This, however, took away from interior dealers and shippers certain advantages which had
played an important part in building up their business,
and without which advantages much of that business
must be lost. These dealers at the principal interior
points had established a large trade with the surrounding localities, simply because of such special rates, the
difference between which and the regular rates in many
Of course the jobcases constituted their sole profit.
ber and manufacturer was not at all pleased with the
changed state of things. The Inter-State law aimed
at equality, but equality was just what he did not want.
Hence he became very clamorous against the roads, holdble
ing them rather than the law responsible for the change.
in this way the sentiment against the roads,
" erences;
the latter to restore by indirection the special
"rates and preferences so long enjoyed by jobbers and
'• manufacturers.
This being true, it will continually
" occur that any action taken by one will have an
"immediate
effect
on what
done by the other."
is
as the railroads at present are
then, so far
Clearly,
from the evil effects of adverse State legislation during the last two years, the Inter-State law mast
suffering
be regarded as in part at least to blame. Moreover,
the whole matter only offers another illustration of the
great difficulties the roads have to contend against.
NET EARNINGS FOR SEPTEMBER.
large gains in gross earnings it would
the results as to net did not also show
Hence we again have a very
decided improvement.
The figures this time cover Septemfavorable exhibit.
ber and the nine months, and for both periods the addi-
With the very
be strange
if
tions are heavy, in
month
amount and
For the
ratio alike.
the increase reaches $3,304,595, or 18-15 per
This is not as large as for August, when the
amount was over four million dollars (14,106,873), but
nearly the whole of the difference is accounted for by
changes on two roads, namely the Pennsylvania and the
Chicago Burlington & Quincy. As against a gain of
$483,051 on the Pennsylvania for August, the gain on
the same system for September was only $24,386, while
cent.
the Quincy has a gain of only $164,130, against $457,180.
The following shows the aggregates for September
already unreasoning, was continued and worked to
and the nine months, in our usual form. As in the case
a still higher pitch, with the effects upon legislation as
extend•of the monthly gross earnings, we are steadily
demonstrated by the events of the last two years.
ing the number of roads in our list, having reported no^
Not much stress has yet been laid upon this phase of
for three successive months over 100 roads each time,
the working of the Inter-State law, but of the fact that
and the number for September being 110 roads. For
the circumstances in question played an important
the year to date there are actually 118 roads, but this
part in fostering new adverse legislation against the
comprises some lines which will not funiish returns by
roads by the Western legislators, and also in creating
And
further animosity between the roads and the shippers,
there can be no doubt. Mr. R. R. Cable, the President of
the Rock Island, in his annual report a few months ago,
discussed that feature, and his remarks are well worth
quoting, as confirmatory of what has been stated above.
working of the act," he says, "was
" unexpectedly hurtful to jobbing and manufacturing
" centres which had theretofore thriven under the old
"The
"
months.
conditions, since being deprived of a better rate than
Sspt.
1 to
1888.
1888.
I
*
Gross earn'B
Oper. ezp...
Net earn's
IntrtoM.
*
S3.7S1.612
48.M8.3TS
4.«4I .389 171 .179356 t433ia.ST(> >7.830.18&
3I,91!1,090
80,881.816
l,0a«.77» 3t2,7l7.4S« 30e.4S8.5S6
20.8<W,682' 17.6S8.9S7
These 110 roads,
it
$52,784,642 gross in
them they could no longer make 543,273
sa
(llSraods.)
IncrtoBe.
practical
"retail dealers about
Jan.
Septtmber.
(110 roods.)
in
will
S,8i)l.5»3
7.a;8M7
158.7».g78 138.403336 80.361,538
be seen, earned no less than
this year, against $48,-
September
September
last year,
being an increase of
—
THE CHRONICLE.
676
[Vol. XLIX.
treated in the same way, $256,153 increase, the Atchison
months, one of the princi- $278,983, the Baltimore & Ohio (Eastern and Western
pal characteristics is the reduction in the ratio of ex- lines combined) $225,609, the. Illinois Central $267,488,
penses to earnings. Still, there has been no actual de- the St. Paul $107,483, the Chesapeake & Ohio $122,crease in expenses ; rather, there has been an increase; 000, the Louisville & Nashville $140,925, the East
but as against the heavy gain in receipts, this increase is Tennessee, including the Knoxville & Ohio, $103,444,
relatively small, reaching only $1,036,774, the addition and the Richmond & Danville proper $100,175. These
The explanation is the are not only large increases, but it will be seen they
to the gross being $4,241,369.
14,241,369, while the net stands at |i20,8G3,552, against
As
$17,658,957.
in previous
same as given in previous reviews. While on the one hand come from nearly all sections of the country. A better
there undoubtedly is a strong disposition to retrench on idea of the wide nature of the improvement is furthe part of railroad managers, and at the same time rates nished by the following table, showing the roads by
are better, (the latter permitting of important contribu-
groups or
classes.
tions to receipts without corresponding additions to the
Net BaminQt.
Orosi Baminot.
expense account), on the other hand the fact cannot be
ignored that there was a very decided augmentation in expenses in the years preceding, leaving there-
more room than ordinarily
fore
Take
this very
month
last year
showed a
roads).
for
retrenchment.
Our statement
of September.
Why? Not
St'ptemUr.
$
Trunk
lines
1883.
$
11,960.450
4,488.749
Middle Western... (14)
S.858,163
2,461,977
Northwestern
7,165,939
(10)
6,760,177
Southwestern
(U)
4,836,191
4,502,118
Paoiac systems.... (16) 12,04».116 10,798,212
Southern roads. .. .(30)
6,038,807
5,722,000
(10)
3.897,953
Coal companies
4,091,853
1,129,633
Jan. 1
nearly two million dollars.
1,729.434
Inc. or Dec.
-»
+305,992
791,579
+338,054
2,464,359
+510,209
1,492,048
+407,32»
4,094,093 +1,096,758
+813,746
1,957,565
-322,759
1,923,018
-38,308
617,696
+a3,580
137,843
4.180,757
2,974,568
1.899,377
5,190,814
2,771,311
—
1,000,259
750,817
1,889,381
657,102
588,388
231.423
52,784,642
48,543,873
20,833,863
17,658,957
+3,204,596
136,668,509 131,181,173
10,827,957 14,785,370
42,907,946
30,259,628
4,361,409
to Oct. 1.
Or go one year further Trunk lines
(12)
back, to September, 1887; then we had a gain in net to Middle Western... (10)
Northwestern
(10)
be sure, but it was only a little over a million dollars, Southwestern
(11)
while gross had increased 3| million dollars, of which 2f
millions was thus consumed by augmented expenses.
1838.
»
(
12,560.222
(9)
$1,101,224 (on seventy-eight
because of a loss in gross, for Kastem& Middle.. {S,
(2)
there was actually a gain of $847,241, but because Mexican roads
Total, 110 roads...
expenses had been increased during the same period
loss of
1888.
1HS9.
Paolflc systems.... (15)
Southern roads.... (28)
(15)
Coal companies
Eastern & Middle. (15)
—
61,944,879
46,756,894
17,353,237
34,884,919
.32,314.776
10,838,933
7,961,521
89,895,628
53,248,915
48,161,118
38,565,367
7,285,573
86,991,102
46,909,019
32,274,691
17,381,936
20,893,058
15,174,310
43,076,235
17,005.316
18,025,739
+3,788,418
+1,824,429
+7,662,019
+2,377,418
+2.381,638
:+2,307,607
-1,020.433
30,852,814
12,915,309
12,605,964
+409,846
6,985,838
9,091,218
Aside from the greater economy practiced, the influ- Mexican roads
+971,098
6,975,987
2,503,177
1,531,079
(2)
ence of the better rate situation (as compared with last
Total, lis roads.... 471,472,a5.^ 143,842,370 168,755,373 138,403,835 +30,351,538
year) was of course very important as leading to improved NOTE.— Included undkr the head of—
Richmond & Danville.
Denv. Tex. & Fr. W.
Trunk Lines.
results.
In this case, however, some modification of the H.&^., Kaatof Ohio.
Virginia Midland.
Leav. Top. &. Southw'n.
previously prevailing favorable conditions was caused
by the disturbance in rates in the Northwest, Septem-
ber being the
month when
the local
between Chicago and St. Paul was reduced from 60 cents to 40
cents, and the through rate to the basis of only 15
cents on first-class freight.
The cut between these
tariff
points of course affected rates to a great many other
points.
As regards the advantages from the general
B.
&
O..
West of Ohio.
Bostou
& Albanyt
Chic. & St. "L.
Grand Trunk of Canada.
Chic, k Cirand Trunk.
Uet. '^r. Haven A Mil.
N. Y. Cent'l & Hud. Rlv.+
N. Y. f.'hicoKO & St. L.t
t
lev. Oin.
Wabash
{con sol.
Middle Western.
Chicago St. 1-.. & Pitts.*
Cin. Jack.
Cleveland
& Mauic.
& Canton.
Bay City A, Alpena.
Flint & Pere Marquette.
r>et.
activity of trade, these were as great as before,
Ind. Dec. & West.*
Lake Erie & Western.
JLouis.
interested
carriers
exhibits
as
a
rule.
In
in
that
trade
reference
to
make
the
poor
tonnage
of agricultural products. Southern roads were favored
by a greatly enlarged movement
©f cotton,
and the
comparison with last year in their case is further improved by the fact that yellow fever had in September,
1888, occasioned considerable
On
interruption of
traffic.
the other hand,
with Western roads there was
no such exceptional stimulus from the grain movement
as existed in the previous month.
the Middle Western States.
And
a gain in corn was
in the other cereals
by a marked falling off
oats, barley and rye.
On the whole, though the conditions as to railroad traflBc were quite favorable, some of
the special advantages prevailing in August did not
offset
continue throijgh September.
With increased net
Ev.
Tery considerable
&
To!. Peoria
Ash. & Spar.
Georgia Paciflc.
Rich,
Louis*
vv.^_^_^
Peterfiburg.
Coal Comvanies.
Alb.
Prescott & Ariz. Cenf.
San. Kran. & North. Pac*
So. Pac— Pac. System.
GhI. Har. &8. A.
Louis. Western.
Morgan's I»a. & T.
N. Y.Tex. &Mex.
Texas & New Orleans.
Union PHCiflp.^
.t
Shenandoah Valley.
& Susquenanna,t
Buir.
Koch.
&
Pitts.
Central of New Jersev.
Del L. & W. Leased L.
N. V. & Canaaa.t
Phita. & Reading.
PlitJ*. Cleveland & TtA.
Plita. Paiuesville A F.
Pittsbura & Western.
Renns. & Saratoga.t
:ummit Kranch.
Montana Uiilon.
Lykens Valley.
Oregon Ky. & Nav.
Syracuse Blng. & N. \A
Oreg n S. L. & Utah No. Western N. V^. & Penn.
West VirsinlaCent.
Rnada.
Southern
Atlantic & Dinv.*
Cape Fear & Yad. Val.
Eastern *t Middle.
Alleirheny Valley.
Central ol oeorgla.
N^nrtTiwesterrCT
Chic. Burl. & North.
Ch*c. Burl. & Quincy.
Lines cent roll pd.
rhie. Mil. & St Paul.
Ch'c. St. Paul & K. C.
Iowa Cei
ti-a'.
Keokuk & Western.
Mil Lake Shore & West.t
Minn. &. St. Lotiifl.
Minn. St. Paul & 8. S. M.
Wisconsin C ntral.*
Southwet'tem.
Atchison Top. & S. Fe.*
Central Br. LnJon Pac.
Denver & Ilio Grande.
k
Den. Leadr. & GuD.
Baltimore Jk Potomac.
Ches. AOhfo.
Brooklyn Elevated.f
Cnes. Ohio & Southwest. (aniden & Atlantic.
Cin. N. O.
New Orl.
& Tex
&
Pac.
Nnrtheast.
Vick^burg & Meridian.
Vicksburg Sh. & Pac.
Fa'tt Tenn. Va. & Ga.
Knoxville & Ohio.
Ellz.
Lex.
&
Biff S.
Ga. Southern & Fla.*
Kentucky Central.
Louisville & Nashville.
Louisr. N. Orl. ^ Texas.
Nash. (.'hat. & St. Louis.
Nnrfolk
& Western.
Ohio Klver.
Petersburg.
Fitchburg.+
Manhattun Elevated+
N. V.
& New Eng)and.+
N.Y. N. H. & Har lord.t
N. Y. Ontario
N. Y. Phiia. &
&
West.
N.I-
Northern CeutraL
Ogdons. & Lake Cham.t
Hon e Wat. & Ogdens.
Staten Island.
West Jersey.
Mexican Rnads.
^
Mexican Central.
Mexican National.
For the month only.
+
t
T
Included for the nine months, but not for the month.
Including whole syat-m. a'l but Calllo nia Southern.
Includiag that p^irt of the system not separately given in this or other
sections.
This
illustrates
how
well distributed the gains are,
every group showing enlarged net with the exception of
and the Eastern and Middle group.
ihe case of the coal section the loss is general, the
Ik
Pittsburg & Western proper being the only exception,
the
behind, and
falling
all
nine
the other
the coal companies
month of $3,204,595, it Central
many roads showing lost very
improvement, even though we have three of
for the
amounts of gain as the Pennsylvania and
the Burlington & Quincy reported a month ago. The
Canadian Pacific has $370,086 increase, the Northern
Pacific $317,119, the Union Pacific $204,990 (this
covering all lines in the system, including the Oregon
Navigation, which has a loss), the Southern Pacific,
large
St.
Toledo Col. & Tin.'
Toledo & Obto Central.
Tol. & O. C. Kxtension.
necessarily follows that there are
no such
&
Hcioto Valley.
A
considerable increase occurred in the receipts of wheat at Duluth, but
there was a very decided loss at some of the points in
&
Pacific Sj/Mems.
Cai:fornia Southern.
Canadian Pacific.
Northern Pacific.
system.) Oregon Improvem't Co.
haps a little greater.
the
Char. Col.
i*t;
&
Ohio & Mlsssiseipi.
PenoBvlvan'a.
Illinois Centra!.
and perThere was, however, no improvement in the condition of the anthracite coal trade, and
& Aug.
Columbia & GreenvlUe,
West. North Carullna.
Wash. O. & W.
Man. Alma
Burl.
Rio Giande Western.
St. Jus.
Gd. Island.
St. Loais &. San Kran.
t-au Ant.
Aran. Pass.
the
of
New
heavily.
Jersey and the Reading having
In the Eastern and Middle group
the eight roads report decreased net, namely
& Potomac, the West Jersey and the
Baltimore
Rome Watertown & Ogdensbnrg.
Outside of these 12
roads in the two sections mentioned, there are 18 roads
in other sections which report losses, making 30 altoThe amount of
gether out of the 110 roads reporting.
decrease
is
trifling in
most
cases,
but the Oregon Im-
November
THE CHRONKJLK
23, 1889.J
677
provcment and the Cleveland Cincinnati Chicago & St. cent on the amount invested. All dividonds have been deLouis have lost rather heavily. Tlie latter road had a clared save only those due on the Border City and Pocawet In
very large passenger traffic last year from the (irand December, and two of one per cent each on the Bourne. A«
the total
Army reunion at Columbus, Ohio, which accounts for really no amount involved is only $44,000, and aa there is
doubt of it« payment, it is included in the sUtemant
the present falling off.
In addition to this road, the below so that the full
year may be covered. For the percentGrand Trunk is the only one among the trunk lines ages we are in<lebted to Mesan. O. M. HafTardj Sc Co., Fall
which shows a loss. In the Middle Western section the River. The exhibit for the year, compared with 1888, ia
Scioto Valley and the Indianapolis Decatur & Western follows
•
:
form exceptions
western roads the
the rule, and among the NorthKeokuk & Western occupies the same
to
position.
For the nine months
very large totals, and the
results are
much
the same as
would naturally be, considering that the influences were the same.
The gross
amounts to 8471,473,855, against $443,843,370 last year,
being an increase of 137,630,485, and the net is $158,755,373, against $138,403,835, the improvement thus
The
better part of this increase
comes from the section where the benefits from the
changed rate situation have been greatest, and where
the conditions generally were
much better
—that
is
from
the Northwest, the gain there being $7,663,019. But barring the coal roads all the groups show larger or smaller
In the Middle Western section not a single road
returns a decrease in the Northwestern section only the
Keokuk & AV'cstern, and among the trunk lines only the
Detroit Grand Haven & Milwaukee.
In the Southwestern group there is also but one exception, namely the
Denver Leadville & Gunnison. Among the Pacific roads
the Northern Pacific and the Canadian Pacific have very
heavy gains, but the California Southern and some of the
lines in the Southern Pacific and Union Pacific systems
show losses. In the case of the Southern roads the Central of Georgia has a decrease by reason of heavy expenditures for betterments and improvements, and three
gains.
;
minor
gains.
lines likewise report a reduction; all the rest have
The
coal roads pretty generally fall behind, and
on the Eastern and Middle roads the exhibits are irregular, though the gains predominate.
On the whole,
the results show what the roads can accomplish under
favoring conditions as to traffic and rates.
PROFITABLE COTTON MAXUFACTURING.
Many of
Fall River
the cotton-manufacturiag corporations located at
have held their annual meetings within the past
few weeks and the
Boiime
iw.neo
M.iao
MlilB
;x
Border City Monufao'g Co.
Bamaby Mfe. Co
•t.000
CbaceMIIIii
H.aw
Conanlcut
Mtlls...
Creiicent MltlB
Davol Mllla
K..I1
7.»0M
11.00111
Rlvor ManufaoV
-|-IS,000
t\flnn\
ax.!**
Olobe Varn Mills
KInx
-vHM
Wl.iiOO
Flint Mills
Oianlo
Intr^
Dn ritm
Capital.
American Linen Co
Barnard ManufMo'g Co...
of the year the figures cover
for September, as indeed they
being 20 millions.
DivUenOM. ISSS.
P. 0.\ Jnwuitl.
Vortoration.
7a,orio
Mills
8-.aO0
-H6.000
MI.OOOl
Sl.OOOi -flJ.000
i'hlllB Mills
Laurel I.Hke Mil's
.Mcchmiloa' Mills
Merchunts' M»nufar*ff Co.
Metiicumet Munufac'g Co.
4C.750
60.000
-fSO.OOO
».<>40
NarrniranRelt. Mills
-t-ft.TM
n.owi
Osborn
.Mills
iw.nao
Mnnufac-'Kro....
Hlohaul liorden M'X'k Co.
Kubeson vim
I^'ioacsel
Bl.llilll
+»»a
t*.ooo
lA.HOO
Hasamoro Manufac'g Co..
.-'S.MW
4-ui.sao
., 8.000
'!g.oo.>
Seaconnet- Mills
W.ono
Snove Mils
48.8M
a0.7Sn
Slade Mills
StntTordM
Tucumseli
-l-T.tOO
4 MB*
-ijM
i^,^M
lis
4B.S0a
.Mills
& w. MfK.ro.
Union Collon M'fVCo
'I'roy C.
<o.o« +t*iaio
i-KjM
no. O"
2i5.000
w./fio
WampanoaR Mills
Weetamoe .Hills
Totals.
tlg.6S8,000
(l,8S0,7OUl
-7»!5»
iD.as"!
...
4-is.''8o
II-U3 $l,(Min.0lO
-i-lM.OM
+ii.tau
• Partly nsid ^n capital of ti)75.000.
fapltal. IIOO.'OO.
i Capital. to.V),000.
X Capital. tSOO.CO).
I u percent on tSOa.OOO and 2 per oenton tl.O'JO.0Oa.
The foregoing shows that twanty-oie mills have paid a
amount than in 1888, in four cases the distribution hai
been less, and the remaining eight show no chiage. In ratio
the Granite Mills and Troy Cotton & Woolen Manufacturing
Company lead this year, with 24 per cent, but a number of
mills distributed more money, notably the Union, $1.50,000, and
the Wampanoag, $137,500. The only mill which exhibits any
important falling off in amount paid compared with the previous year is the Union. This is not due, however, to any fallgreater
—
ing off in net earnings in fact they were greater than last
year but is explained by the carrying of $100,033 of the
profits to improvement account.
While the comparison for the two years given above is
rather interesting, it fails to furnish full evidence of the
remarkable increase in the earning power of these mills
during late years. Going back to 1835 wj find that only thirteen declared any dividends at all. The following year, however, the exhibit was much better, $1,047,550, or 6)j per cent
on the capital invested being distributed. In 1837 the amount
—
had risen to
$1,427,990, or 8 3-10 per cent; lart year
§1,696,040, or 9-63 per cent;
and
in 1889
it
it
wbs
reaches $1,850,700, or
but slightly less than 10 per cent.
In considering the very prosperous condition of cottonmanufacturing in Fall River there are certain things to be
remembered, and most important of these is that almost all
the corporations represented in the above table are what are
reports of operations submitted make a
very gratifying exhibit for the stockholders. It is, of course,
impossible for us to find room to give any detailed account of
the showing made by the individual mills, but suffice it to say called " print cloth " mills. As is wall known, that branch of
that fifteen establishments, representing $9,310,000 capital, of cotton manufacture has been in excellent shapa for some two
whicli wo have obtained detailed returns of operations, have or three years past. The margin of profit Ins been very satisin the aggregate earned $1,867,793 net during the year. The factory and demand has kept close up with producrion. In
—
earnings by the Granite Mills the corporations recording the
heaviest ratio to capital invested have been thirty-seven and
two-thirds per cent, and the Union Mills have earned thirty-
—
three and one-third per cent. Six other mUls exhibit profits
ranging from twenty to twenty-five per cent, and the average
amount earned by the fifteen corporations reaches twenty per
cent, part of which, as will be seen in the table below, was
paid in dividends; but the remainder was passed to surplus.
This is certainly a very satisfactory result. Yet even the above
does not represent fully how profitable the manufacture of
cotton goods has l)een in Fall River during the year now drawing to a close, for in almost every factory improvements have
been made and depreciation in existing plant allowed for, all
of which has been deducted from earnings, and the above net
is the year's result after such reduction.
The dividends to stockholders during 1889 have been more
liberal than in any previous year in the history of the mills.
Thirty-three corporations, representing a capital of $18,.558,000, have paid already $1,806,700, or an average of 9-73 per
times within the last two years the stock of the
hands has been extremely small. Furthermore, the additional facilities introduced into old mills,
and the new factories which have been put in operation,
or are being constructed, have exerted no unfavorable
fact, at all
finished article in first
influence.
Nothing would be more pleasing than to be able to say that
the cotton-manufacturing industry universally is in a? good
condition as at Fall River. But that would merely be a perversion of facts.
do not mean by this that the production
of classes of goods other than print cloths is unprofitable, bat
it is certain that in some branches the margin is still exceed-
We
ingly small, owing to excessive production and sharp compeThis has been true more
tition leading to price concessions.
particularly of some descriptions of colored goods. On the
other hand, the manufacture of shirtings, sheetings,quilts, &c.,
has made rather satisfactory returns. The mills at Lewiston,
Me., which turn out these classes of goods are a pertinent illustration, reporting a prosperous year and a favorable outlook.
.
.
.
.
.
.
1
1
,
1
THE CHRONKJLR
678
IMPORTS AND EXPORTS OF GOLD AND
SILVER AT SAN FRANCIS GO.
San
Francisco we are able to give to-day the figures of gold aud
silver imports and exports at that port for the month of Octo-
Through the courtesy
of the Collector of
Customs
at
As in the previous month (September), the greater part
of the gold imported came from the Australasian colonies,
$170,960 arriving by the steamer Mariposa on the 26th. All
the AustraUan money thus far received, we are informed, has
gone into the Mint. Of the gold exported during October
ber.
more than two-thirds'of the whole amount, went
Hawaiian Islands and the remainder to China and
Japan. The steamer City of Peking tood §72,600 in silver bars
to Calcutta on October 29, and the balance of the silver exported, $1,547,217, was shipped to Japan and China. Bringing forward the statement published in our issue of November 2, and adding the figures for October, we have the results
for the ten months of the calendar year 1889, which are as
$333,000, or
to the
follows
Gtovemment is now prepared to concert measures at once with
the Hungarian Government for the resumption of specie payments. It is believed that the Hungarian Government will
agree to the appointment of a commission of inquiry, but the
desire for resumption there is by no means strong, and it is
uncertain whether the Austrian Government will be able to
carry out its plan. But it is thought likely tliat it is already
buying silver in preparation for the meastu-e. During the past
ten years the Austrian Mint has refused to take silver for
coinage from private persons. But from time to time the
Austrian Government itself coins considerable sums. Even if
resumption is undertaken it does not follow that silver will be
adopted as the standard of value. Remembering that the
financial and commercial relations of Austria and Hungary
are much closer with Germany than with any other country,
it seems much mere probable that the gold standard will be
adopted. However that may be, it is of course possible that
the Austrian Grovemment is buying sUver. At all events it is
certain that one of the buUion brokers here is buying very
large amounts for some principal abroad whose identity is not
known.
The stagnation
1889.
Coin.
*
iBtillion
26,774
[
12,3J
33,32
\
June
35,»1'
11,000^ 38,220
July
10,741
j
. .
48,117
5,274' 61.563
2,115.442 180,499
106,732 129,020
40,482
39,945
54,110
42,403
52,636
49,220
53,858
Tota'.
f
I
13,171
41,764
9,075
16,818
May
BuUioh.
Coin.
Total.
I
12,072, 28,410,
Janiuiry . . .
February. . .
Uaroli
April
August
September
121,466
180,172
188,194
210,790
126,330
167,109
183,612
218,274
202,456
159,561
51,508,
55,694'
55,400
43,997
89,924
93,629
60,771
69,837| 22,986
95,231
2, ,295,941
235,752 112,790
172,974
235,866
243,594
254,787
216,254
260,738
244,383
241,260
297,687
372,351
Total,10mos 2,342,089 597,0^5 2,939,184 1681,930 1 757,964 2.43 9,894
EXP0BT8 OF GOLD AND SILVER FROM SAN FRANCISCO.
,
MONTHS.
1889.
Coin.
Bai'n
Total.
Coin.
Bitllio)
T
la'.
if
January
February
79,737
14,751
36,481
31,184
40,593
49,992
. .
.
March
April
May
June
79,737
270 15,021
200' 36.681
130] 31,314
380 40,973
August
985' 50,977
410; 21,216
115,433 1,356 116,789
September.
October
68,690
460| 69,150
342,162 3,640 345.802
July
'
Total, 10
market for American railroad securino doubt intensified by the uncertainties of the money market, and for the moment also the holiday 1.1 New York on Tuesday, and the closing of the London
Stock Exchange to-day have had an influenoe; but the main
cause is the holding aloof of the pubUc. They have suffered
heavy losses during the past three years, and are entirely disIt seems probable that the
trustful of railroad management.
ties is
MOKTUB.
20,806|
625,865
450,620
480,270
851,524
1,210,095
1,090,188
800,858
1,072,692
532,370
893,117
1,246,865
1,228,120
1,163,970
1,626,524
833,500 2,043,595
864,700, 1,954,888
500,160 1,301,018
910,892 1,983,584
621,000,
777.500]
683,700,
775,000:
420,300
952,670
726,700 1,619.817
mo8. 799,829 7,831:807,960 8,007,599 7,113.4.52 15.121.0.-1
[From our own correspondent.]
London, Saturday, November 9, 1889,
The anticipated rise in the market rates for money has not
been realized. The Bank of Eiigland at the beginning of the
week repaid nearly half a mUIion which it borrowed some
time ago upon consols. The Continental banks with branches
in London are comjwting actively for bills.
Only £182,000 in
gold has gone to Brazil, whereas a much larger amount was
expected to be taken, and the withdrawals of the metal for
Scotland are only just beginning.
the end of October or the first
Usually they take place at
in November, but this
year they have been delayed and will not be heavy tUl quite
the middle i f the month. For the moment, therefore, the
supply of money in tlie outside market is quite adequate for
the demand, but as the Scotch withdrawals will take place
next week, and are expected to amount to three-quai-ters of a
miUion sterling, a decided rise in rates very soon is not unlikely, especially if foreign shipments should take place.
The pricB of silver has advanced to 43J'8d. this week, and a
further rise seems imminent. In addition to the British Mint
and the French Government, which has been buying for
Cochin China, there is a very large purchaser in the market
with regard to wliose identity there is much speculation.
Some suspect that a group of American operators are buying
silver in the belief that Congress will increase the amount
which must be coined every month. Others think that the
purchases are made on account of the Austrian Government.
An
XUX.
:
LMPOBTB OF GOLD AND SILVEK AT SAN FBANCIBCO.
October.
[Vol.
official
newspaper
in
week
Vienna announces that the Austrian
in the
unbi-oken.
It is
proposed reorganization of the Atchison Company will be accepted. The bondholders' committee has this week offered to
recommend the bondholders to accept, if the interest on the
new income bonds is made cumulative.
In the other departments of the Stock Exchange business is
very inactive. Speculation has been carried too far in South
African land and mining shares. The account open for the
rise is so enormous that members of the Stock Exchange are
for the moment unwilling to increase their engagements, and
in consequence it is extremely difficult either to buy or seU.
The opinion, too, is gaining ground that British railway stocks
are too liigh. Trade no doubt is exceedingly good, and traffic
will continue to increase for some considerable time to come.
But on the other hand, the rise in wages and in the prices of
materials are sure to augment very largely the working expenses.
In the provincial markets of England and Scotland
there is a good deal doing in coal and iron shares, but in London
these securities are
is
little
dealt in.
The International Market
controlled almost entirely by the Paris and Berlin bourses.
In Berlin for the time being speculation is running almost enThere, as well as
tirely upon domestic industi'ial securities.
in Paris, immense quantities of unsalable Argentine securities
are held by bankers and syndicates, who are thereby prevented from dealing as freely as they otherwise would. In
Paris, moreover, the sales by those who suffered from the
failure of the Panama Canal Company, and from tlie copper
collapse at the beginning of the year, have not yet come to an
end. Nevertheless, it is expected that there will be a marked
revival of business in Paris at the beginning of the new year.
It is reported that the French Government is preparing a gfeat
funding and conversion operation. Its unfimded debt is exceedingly large, and it is said that it intends to fund the
greater part of this debt, and to provide a ix)rtion of the interest by asking the holders of the four and a half per cents to
agree to a conversion. The four and a half per cents cannot
be compulsorily converted until ttie end of 1893 It is beUeved
that such favorable terms will be offered that the liolders will
accept. There are also other cenversions to be undertaken,
and in preparation for these tjie great financial houses all over
the Continent and in London are expected to take such measures as will inspu-e the general public with confidence.
Matters do not improve in the Argentine Republic. The
premium on gold is still nearly 120 per cent, and it is evident
that all the efforts of the Government have failed to restorp pubThe market for Argentine securities inconselic confidence.
quence is growing weaker and weaker here and on the Continent, and few now venture to expect that a crash can be
averted.
We are again threatened with
vessels that
come
into the
a dock dispute.
Thames are unable
to
Many
of the
come up
to
They, therefore, trans-ship their cargoes to
are navigated by lightennen, and by theoa
London
to unload.
bargee,
which
—
,
NOTKMBER
33,
THE CHRONICLE.
1889.J
brought up to the wharves and warehouses. The lightermen
are constituted by act of Parliament a close corporation, and
When the dock hands struck the
in fact enjoy a monojwly.
lightermen also struck out of sympathy, but while the dispute continued they put forward claims on their own behalf.
Finally it was decided that the questions at issue between the
men and their employers should be referred to Lord Brassey
He has awarded an increase of pay, but he has
as arbitrator.
remained silent on the question whether one job is to coastitute a night's work. The men insist that it must; the employers maintain that it is impossible.
The Lord Mayor and Cardinal Manning have been requested to use their good offices, and
they, in a letter to the employers and workmen, have declared
in favor of the men's demand, and lu-ged a conciliatory policy
upon the em] loyers. It is to be hoped that their advice will
be taken, or otherwise the trade of the Port of London will be
seriously disorganized.
The
activity in the iron
Scotch pig
on
market continues.
The
price of
now
about sixty shillings per ton, and a
further rise is expected. The coal trade is also exceedingly
active, and there is a great increase in the. consumption of
copper. Tlie published returns show that during the past
seven months the consumption of copper lias considerably
exceeded the production, and that stocks, therefore, are
rapidly decreasing. Those who are in a position to be well
informed say, further, that the stocks held in Paris by the
great banks that took over the stocks of the Societe des
Metaux and the Comptoir d' Escompte have also been largely
reduced. The full total of these stocks has never been correctly stated, but it is now affirmed by well-informed nersons
that they have been reduced by 3.'), 000 or 40,000 tons. As a
matter of course the work people in all these great trades are
demanding a rise of wages, and generally they are succeeding.
But it is still feared that their request for shorter hours of
labor must in the end bring about serious disputes.
The Board of Trade returns for October are very satisfac"
tory.
No doubt they have been swelled considerably in consequence of the disturbance of the trade in London during the
dock strike; but, even allowing for that, the returns are very
satisfactory.
Tlie total value of the imports was £38,195,000
sterling, an increase of about 9 per cent compax-ed with Octo'
ber of last year. The value of the exports of British and Irish
produce and manufactures was a little over 23 millions sterling, an increase of about 10 per cent.
There was also a large
increase in the exports of foreign and colonial produce and in
the tonnage of vessels entered and cleared at the ports of the
United Kingdom. In wheat and wheat flour there is a falling
off in the imports, very large indeed in those from Russia and
India, and from the United States they are increasing but
slowly. On the other hand, the imports of sugar have been
very large, and the quantities of tea, spirits, wine and tobacco
taken for consumption show large increases. In the exports
there is an almost universal increase, except in those of cotton
ii
is
.
piece goods.
The quotationa
679
tor bullion are reported •• follows:
OOLU.
•.
d.
Oct. SI.
d.
i.
dar silver
oi.
«<M
Bar silver, eontalaIngSgrs. gold.ot.
**M
'ake sliver
os. «7 »-l«
Mexican dol*..,.os.
«»M
77
77 10
money have been
ratee for
Sor.7.
i.
•.
Bar gold, Hne... .01. 77 •
Bar gold, oontalo'g
80 dwti. sliver. OS. 77 10
dpan.doublooas.oi.
j.Am.doublnons.oi
The
B1L.VBB.
Lonion StanOarA.
(*».81.
jr?». 7.
Lotulon atatulari.
Open marktt
**H
«M
iSlO-U
43
as follows.
Intfut a ll otMt
ftrdtfonu^t
ratti.
Bank BUU.
Trade BiOt.
DUe-tWrn
Joint
Four
Three
ilix
Three
Four
Six
atock At
Montht\Montht' Month! Jtfonlhi BlonlhelMontht Banlu. Oatl. Dayt.
Condofi
tUU
I
|
-'4JO -4J<« - 4««8 4k«a U^as
-i8)<« - s^s - 3Ma4M
- 8«® - SWa - 8«»4«
- 8M» -\BH* -,S«»4« m**H 3M«4H
-8J*S -SX4SM4 (HH « ««M4 a4M
U a — 14 a -^4 a - 4iiaB 4xaa '4x«B
4X«
sma
SKO
8«4
««a
Oot. 4 i
"
11 s
"
18 6
"
85 B
Kov. 1 B
"
8 B
The Bank rate
of discount
Continental cities
beisn as follows:
now and
AVwmberS.
8»4
SM
SM
8X
SM-*M
>M->M
«
S
and open market rates at the chief
weeks haye
for the previous three
Kovemher
October 8S.
1.
Oetotieria,
Ratee of
Intereet at
Bank
Open
Bank Op«n
Bate, luarket Bate. Market
Frankfort
Hamburg
Amsterdam
2ii
....
4
Bmssela
Madrid
Tlenna
dt.
2«
4H
4M
4H
2M
an
3W
iH
a
D
B
u
Paris
Berlin
4
B
6
Petersburg.
e
3
B
Bank
S
m
»H
4
4
4
'B
4X
B
*Vi.
4
4
SM
an
>M
4
4
e
s
8«
Oopenhagen
m
6
tH
tH
*H
SM
DM
SW
4
4
6
4
6
Market
8
a
B
S
6
6
Ofen
ifot*.
Op<n
Rale. Markei
4)i
4
Ban*
4
B
8
The following shows the imports of cereal produce! i
United Kingdom during the past nine weeks of the
compared with previous seasons:
the
1886.
1887.
1888.
1889.
9,04.5,873
9.914,126
owt. 10,5.-9.181 12,956.809
2.722,660
4,704.668
•3.008,943
4,311,910
Barley
3,367.522
2,719,435
3,0:7.1M
2,914,777
Oats
517,130
366,888
303,063
192.544
426.849
500.180
398,437
812.820
Beana
4,016,777
4,676,001
4,888.736
5,624,099
Indian com
2,986,650
3,323,775
3,454,582
2,647,427
Flour
Supplies available for consumption (exclusive of stocks on
Wlieat
,
September
1):
1889.
tmiwrts of wheat.owt. 10,589,181
2,647,427
tmporta of Hour
Bales of home-grown. 9,359,472
22,596,030
Total
Aver, price wheat week.SOs. 3d.
Av. price wheat season. 298. lOd.
1886.
9.914, 12«
1888.
12,956,809
3,323.775
5,880,799
1887.
9,045,673
3,454,582
7,881,486
2,986.690
6,475.868
22,161,383
20,381,641
19,376,644
30*.
29e.
3d.
9d.
328.
i3».
30». S<1.
30s. lOd.
3d.
3d.
The following shows the quantities of wheat,
and
flour
maize afloat to the United Kingdom:
La»t week.
1.464,500
This vitek.
Wheat
qrs. 1,437,500
536,000
Flour, equal to qrs.
447,000
Maize....
qrs.
254,000
392.000
18S7.
1888.
2,334,000
185.000
115,000
2,351.000
184.000
295.500
A report has been published this week which confirms the
worst accounts respecting the Russian harvest. According to
EnKllsU Flnunclal Markei*— Per Cable.
it the wheat harvest this year is cnly about 40 per cent of an
The daily closing quotations for securities, &c., at London
average, yet the wheat market continues very quiet with
are reported by cable as follows for the week ending Nov. 22:
scarcely any change in price.
The following return shows the position of the Bank of
Wed. T%urt
rrL
Tuee.
Jfon.
Sat.
London.
England, the Bank rate of discount, the price of consols, &c.
43%
44
d. 43Ui« 43U„ 4313,, 44
Sliver, per oz
97l„ 97
compared with the last three years:
')(-''...
07li«
971,8
Consols, new 2^ perots. 97 >9
97J8
97S,,
1889.
1888.
1887
do for account
EVoh rentes (In Paris)
1888.
£
Qovemment
£
£
£
34,000.870
CtrculattoD
Public deposits
other deposits
24,828,266
4,385,916
24.301,495
24.827.265
3,271,245
3.140,763
4,138,100
23,785,340
26,480,439
17,009,986
22,588,563
15,757.401
12.600,980
14,885,215
19,955,884
19.724,147
18,907,059
19,480,1.')4
ll,908,S9fl
10,082,781
12,283.132
10,939,683
25,611,494
securities
Other securities
B«8erve
Coin and bullion
20,309,768 19,8U,036 20,364,627 20,016,937
40 6-18
Prop, assets to liabilitteB .per cent.
3««
47K
39M
4
4
5
6
Banli rate
percent.
Consols
97 3-16
97H
Ciearinft-Uouse return
137.964,000 117,613,000 100.648,000 99.092,000
.
&
Messrs. Pixley
Abell write as follows on the state of the
bullion market:
Gold— There have been withdrawals of gold from the Bank duiinK
the week to the amount of £3.52,000, of which £202,000 has Konc to
South Aiucrica and £1.50,000 to Lisbon. There has been but little demand in the open market. £219,00<J has been received by the BauK.
ImtiortH-From Australia, £1411,000; from Natal, £.5.5.000.
Silver— The market for silver continues extremely Ann. and the price
to-day has risen to i^fgil. The orders referred to in our last remain
force. Arrivals-Frora New York, £105,000.
Mexican dollars are very firm, and the price to-day Is l.'i'-jd. These
coin are somewhat scarce, and there Is more demand than supply.
£8,500 has arrived from New York.
m
976,8
fr.
a. 8. 4>a8 of 1891
a. 8. 48 of 1907
Cana<llan Paclllo
Ohlc. Mil. & St. Paul....
Dllnols Central
Lake Shore.
l.oui8Vii;e& Nashville..
Mexican Central 48
t<7-62la
108 >3
130'«
7C>a
73 7e
120 "4
110>4
8!>38
6C!li
N.Y. Central & Hudson. 110>s
N. Y. Lake Erie & Wesfn 29
do.
Norfcilk
2.1
cms
104%
97 >4
87-70 87-80 87-70
108 >s Xl07i4 107 »«
130 '4 130»«
l.SO>i
7.1 •«
75 »8
76
72 '8
73%
731s
120% 121
12041
10978
109%
110
89 '4
88%
89 >4
69%
73 14
lil<t%
88%
t9%
1P9%
87%
69%
104%
104%
104%
i.2a6
63%
<i2i«
6118
78>«
78%
54%
21%
72%
33%
78%
54%
28%
29%
63 >«
78%
78%
.t4>4
541*
211a
54%
afg
Union
699g
33^8
72 "a
72%
33%
33 >•
33%
— The
recently been organized:
4,153— The Galveston National
72 14
109%
28%
2!>
21
Tils
S3
foUowing National Banks have
Bank.
Texas.
Cai>ll.<l,
R. S. Willis, President; T. J. (iraoe. Cashier.
Louisiana.
JTirst National Bank of L:»ke Ch»rle»
Abraham U. Thomas, I'resldent; A. L.
».50,000.
Cashier
121
10138
54^
21%
2,154-The
74%
72%
7S1«
I2II4
ioa'8
104\
109 >•
77^8
NationalT Banks.
130 <«
107%
130%
6908
109««
63
I'aeitlo
107%
69=8
109 >«
28'8
* Western, pref.
Northern Paciftc, pref-.
Pennsylvania
Philadelphia & Reading.
Waliiish. wref
97%
87-77A1 35 -,57%
*500.000
„
,,
,
Ciipltal.
Wlutams>
.
.
,
THE CHRONICLE.
680
4,155—The First National Bank of Prlmghar, Iowa. Capital, $50,000.
Frank K. e.obiDson, Preeideni: iieorRe R. Slocum, Ca.'<liler.
4,158— The First Nntioual Bank of Muldlclmrsli, Pa. Cai>ital, $60,000.
G. Alfred Schoch. Preslilwnt; .1. N. Thomp-on, Jr Cashier.
4,157—The First National Hank of Indcjv-ndcuco, Mo. Capital, $100.000. Matthew W. Anderson, Preaident; WUUam A. Syming,
ton, Cashier.
4,158 -The Capital National Bank of Indianapolis, Ind. Capital. $'?00,000. MedfordH. Wilson, Prcsiilent; Wiillam D. Kwln/^, Cashier.
4,159—The American National Bank of Denver, Col. Oaplial. $250,000. Isbani B. Porter, President; Howard Evai s. Cashier.
4,160— The First National Bank of Stewartavlllo, Mo. Capital. iJt'jO,000. Andrew J. Caloertsou, President; Joseph Chrisman,
Cashier.
4,161— The Dawson County National Bank of Lexington, Neb. Capital,
George W. Blakeslee, President; £d. B. Swain,
$50,000.
Cashier.
4,162—The Second National Bank
ot Elkton,
Ml.
Capital, $50,000.
War jurton, President; Isaac D. Davis, Cashier.
Imports and Exports for the Week. Tiie imports of last
•week, compared with those of the preceding week, show an increase in dry goods and a decrease in general merchandise.
The total imports were $8,973,89.'), against $8,814,319 the
preceding week and $10,156,959 two weeks previous. The
exports for the week ended Nov. 19 amounted to $5,920,563,
against $7,178,555 last week and $7,339,034 two weeks previous.
The following are the imports at New York for the week
ending (for dry goods) Nov. 14 and for. the week ending (for
William T.
—
general merchandise) Nov. 15; also totals since the beginning
of the first week in January.
FOREIGN IMPORTS AT NEW TORK.
For Week.
1886.
1887.
1888.
1889.
XUX.
New Orleans ft Gulf.—Tlie City Bank has not received the
usual remittance for the payment of the November coupon on
the first mortgage bonds. It is presumed that this default will
not be made good.
There was a deficit reported for the year
ending January 31, 1889.
Stock Subscriptions. The Alabama Supreme Court lately
rendered a decision in a suit where the plaintiff sued to recover on a promi.ssory note given defendant for fifty shares of
—
a land and improvement company stock. The defense was
that the contract of subscription was for the issuance of stock
as full paid on the payment of twenty per cent. The Supreme
Court held the defense to be good, and that the contract of
subscription was a violjftion of the constitution of Alabama,
and void, and tlie note in suit was without consideration.
This decision, if sustained as good law, may have an important bearing upon watered stocks.
Wagner Palace Car Company.—The annual
report of the
the business done in sixteen States and the Dominion of Canada for the years 1888
and 1889 shows for the current year: Gross receipts, $3,836,336;
operating expenses, $3,100,922; net earnings from operation,
$735,:i04.
The operating expenses were 74-7 per cent of the
receipts in 1889 and 75-7 per cent in 1888.
Wagner Palace Car Company
of
all
Wheeling & Lake Erie.— On December 19 Wheeling &
Lake Erie stockholders will vote upon increasing the stock
$2,500,000 and issuing $1,900,000 5 per cent bonds to extend its
terminal from Wheeling to BoUaire and build a branch from
Portland Station to Steubenville.
I
Dry Goods
[Vol.
—
Jl,867.747
3,453,284
Total
Btnee Jan.
$1,524,927
6,966.070
$2,619,268
6.324,627
Auction Sales. The following were recently sold at auction
by Messrs. Adrian H. Muller & Son:
$7,321,031
Ctou'lmer'dise..
$1,331, 193|
7,405,110]
$8,736,303
$8,490,997
$3,973,895
Sharfs.
Share.
220 Penn. Coal Co
310
5 Irving NatlonalB.iiik....2003t
76I4 100 Am. Loan & Trust Co....ll6ia
100 Peoples' G.Lt. Co. of Bkn.
450Con3ornCoalCo. ofMd.. 24
6 Fire Associafn ot N. Y..102Ja
85 42d St. Manhattanville &
5,000 Am. Copper Mining Co.
42^4
$50
St.Nieh. Av. ER.CO
of New York
1 17'3 1,0.57 WescottTvpeSett'eCo. $1
62 Bowery Fire Ins. Co
138 "4 1,000 Consolidat'dGoldMln'g
30 Broadway Iu3. Co
$1
17 City Fire Ins. Co
120
Co.ofGa
12 Eagle Fire Ins. Co
228
1,000 Memphis & Charleston
63i«
21 N.Y. Eriuit.ablc Ins. Co...llOia
RE. Co
83is
Bondt.
81 Firemen's Ins. Co
16 Greenwich Fire Ins. Co.. .210
$8,000 Elizabeth City & Norf.
RR. Co. Ist 68, trust rec'pts,
34 Jefferson Fire Ins. Co. .108
20 Long Island Ins. Co
with $2,400 Norf. Southern
70
50
RR Co. Bonds
20 Knick'rb'k'r Fire Ins. Co. 70
6N.Y. Kre&Mar. Ins.Co. 85 >s $6,000 Tonaw'daVal'y&Cuha
RR.Co. IstM. tr'trec'pts.$1.425
29 North River Fire Ins. Co. 86
176i2 $6,000 Georgia7s, gold, 1890. 102 J4
10 U.S. Fire Ins. Co
llHow'rdlns.Co. (80"--.pd.). lO^a $2,000 Mo. 68, Fund'g, 1894.114ia
20 Lehigh & Hud. E. RR. Co 25 13 $8,000 8t. Louis Co. 6s, gold.
123i8&int.
43 Chrysolite Silver Mining
Park. 1905
Co
19 c. per sh. $5,000Chicago78,WaterLoan.
112'2&lnt.
1 Co-operative Dress Asso.,
1S94
prefeiTed
$1
$2,000 Chicago78,WatorLoan,
1145siint.
Merchants' Fire Ins. Co. 88
10
1895
30 Central N. .7, Land Im$5,000 Clevel'd 63, St. Viaduct
1.
Dry Goods
I
|
$104,257,543 «109,438.10 $113,997,717 i-119.215,087
Qen'l mer'dlse.
282,038,743 306,-21O,732J 297,135,817 322,282,064
1,
j
Total 4 6 weeks. $ 386,346,286;$415,648,81 1 $411,133,534 $441,497,135
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending November 19 and from January 1 to date:
EXPORTS FROM
NEW YOKK FOR THE WEEK.
1886.
For the
week...,
Prev. reported..
1887.
$6,231,473
277,231,882
1883.
1889.
.«6,090,816
$6,480,94.5
266,628,373
255,948,371
. .
$5,920,563
301,185,423
Total 46 week;. $283,463,355 $274,719,189 $262,429,316 $307,105,986
The following table shows the exports and imports of specie
at the port of New York for the week ending November 16 and
since January 1, 1889, and for the corresponding periods
1888 and 1887:
EXPORT."! ANU IMPORTS OF SPECIE AT NEW YORK.
m
£xporU.
Imports,
dotd.
Week.
Great Britain.
France
,
.
.
.
.
Since Jan.l
$99,763
$23,140 $48,380,336
6.000 19,578,.=i31|
14,760
6,683,3o8|
Indies..
Mexico.
Bouth America
All other countries.
Total 1889
Total 1888
Total 1887
Week.
$13,912,315
27,718.805
22,273
$5,400
4,387,695
30,300
19,740
2,232,748
76,200
Germany
West
Since Jan.l
Exports.
$390,634
1,461,804
1,849,373
791,387
28,17t
86,9.54
10,S.50
16,117
196.892
809,138
$154,900
241,973
283.975
$5,576,183
5,858,568
36,575,612
Imports.
Silver,
Week.
Great Britain.
France
Week.
.92.832 $17,174,092
5,000
207,000
.
Germany
West
SinceJan.l.
Indies...
141,981
Mexico.
Booth America
All other countries.
Total 1889..
Total 1888.
Total 1887..
.
Since Jan.l.
11,522
$99,287
14,711
973
181,802
12,410
46.929
837,138
21^,287
128.5'.'4
311,912
190,1)02
$297,832 $18,051,874
28,599 11,603,842
289,614
9,828,841
$23,932, $1,309,364
49,200
1,673,175
45,681
1,839,295
Of the above imports for the week in 188} $109 ,963 were
American gold coin and $5,970 American silver coin, Of the
exports during the same time $24,400 were American gold coin.
—Banks and other parties desiring Denver commercial
paper will do well to notice the card of Messrs, Jones & Faile
137 Broadway, this city, who make a specialty of dealing in
the be.st busmess names of Denver City.
—Attention is called to the card of the new firm of J. B
Creighton & Co., taking the place of tlie late firm of W. P.
Wight & Co.,' which went out of existence by limitation.
The new firm is composed of active and experienced men in
financial affairs, and has ample facilities for executing orders
either in investment securities or in stocks at the New York
•Stock Exchange.
Chicago* Eastern Illinois— Cleveland Cincinnati Chicago
Louis.— Mr. M. E. Ingalls of the Big Four system stated
p<witively to a reporter in Indianapolis tliat there was no truth
whatever in the report that the Big Four was to purchase or
ft St.
many way acquire the
Chicago
&
i
Eastern Illinois property
This, he said, was the first time he bad spoken about tlie
matter for publication, and he partictdarly requested that the
statement be given on his authority.
.
& Bridge Con!it.,1896-112i4&int.
$8,000 Union A: Log'np'rt RR. „„
Co. 1st 78, Sink'g F'd, 1905. 123^1
$10,000 Va. & Tcnn. RR. Co.
E.xtendcd 5s, gold, 1900. .105''8
$2,500 Bkn. & N.Y. Ferry Co.
130&mt.
20 U. B. Postal Tel. Co
lat 6s, 1911
$4
50 Importers & Traders* Nat.
$1,020 Jefferson lire Ins. Co.
25>4
Bank
545
Scrip
5 Chemie'lNat.Bk.4,.500-4,370
$1,000 Peoples' Gas-Light Co.
101
400 Atlanta & Charlotte Air
of Brooklyn 6s, 1900
Line RR
80=8 $1,000 Warwick Valley ER.
102
20 Asbiiry Park Gas Co
Co. 2d 68
$41
14 Irving National Bank
200 '4 $14,500 Tenn. Compromise
78H
10 German-Am. Real Estate
Bonds. 1912. 3-4-5-68
Title Guaranty Co
98
$5,000 Postal Telegraph Co.
$61
75 Albert Niiil Co. of N. Y..$10
1st 5s. gold, 1912
300 Bkln. City RR. Co.l643j-161i4 $15,000 Flint & Pere Marq.
15 Holland Trust Co
225
RR.Co. (Port Huron Div.)
lOl'l
50 SmithfleldL'ndCo.of BirIst 53, gold, 1939
mln.gham, Ala
$105
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 week.
provem't Co. (old stock). 16'4
25 Manly Telegr'h Cable Co. $1
125 Po8talTeleg'h&CableCo.$10
800 Garuett Water Power &
Mining Co. of Ga
$10
385 Nafl Broadway B'k. 300-304
. .
Balances.
Nov. 16
18
•'
"
"
19
20
" 21
•'
22
Total
..
Rtceipls.
Payments.
$
Dale.
9
2,331,034
2.722,214
2,534,i<53
2,181,090
2,141.90.>
2,757,992
14,669,188
Coin
Coin.
Currency.
Cert's.
$
S
$
2.139,174 157,619,635
157,723.126
2,735,813 1.57,635,403
20,48,87.^ 157,610,051
4,761.716 157,627,149
3,374,970 157,601,495
2,08rf.l5(i
16.7.=.3,G10
17,339,130
17,2^7,7.^6;
17.40i',(;22
14,820,<i2J
14,198,487|
17,146,6981
8,875.330
8.822,383
8,760.621
8,"96,321
8,718.409
8,7 79.222
1
^immchxh
SpeiVcer Trask & (^o.,
gauTilwg autl
BANKERS.
Nos. 10 and 18 Broad Street,
ALBANY, N. Y.: SARATOGA, N. Y:
TRANSACT
A CUNKKAt,
New York
City.
PROVIDBNCK. R. I.:
Bl/'SINESS.
BANKING
All classes of Securities Bought and Sold on Commission. Special
attention given I0 Investment Securities. Direct wire to each otHce
and to Philadeliihla, Boston and Chleago.
SPECIAL. NOTICES.
tyciTV BOND.S AND OTHKR FIBST-OIi.VS.S IXVESTmcnts adapted
for savings' banks, trust funds,
made
an
1
oarefiil
investments
a prominent spsolalty In the bus'ncss of
Kefsrs Blake Bro». & Co., Bankers, ot Now Yo.-k and Boston. See
eaid in the oolumns of the Ciirokici.b.
of
udivlduals are
:
.
NOTRMBKB
:
gawluers' ^axjette.
The following dividends have recently hecn announced
rates of domeatic exchange on New
at the und<;r-mcnti()ned cities to-day: Savannah, buying
'4 discount, selling
discotmt (9 par; Charleston, buying
li discount, selling par. New Orleans, commercial, $1 2S
discount; bank, par; St. Louis, par; Chicago, 25c. dijjcount.
The following were the
York
Coi nn.
Per
Xameof Company.
yvhfn
Payable.
Cent.
llookt Closeil,
{D'lya tncUisivt ,)
Railroads.
Delaware
& Bound Broot
Nov.
Dec.
3>a
.
.
(quar.)
1
2
Nov.
681
H
DIVIOENDSt
Catawlssa pref
Chicago Burl. &. Qulncy (quar.)
: :
.
.
IHE CHRONICLK
23, 1889.]
3^Ixc
—
19 Nov. 1 to
1« Nov. 22 to Nov. 28
19 Nov. 17 to
— Following are quotations in gold for rarious coins
Sovereigns
$4 34 «$4 84
Napoleons
3 86 9 3 90
X XUeiclimarlui. 4 74 « 4 78
26FeBetai)
4 80 9 4 85
SpaD. Doubloonii.15 55 '315 70
Uex. Doubloons. IS 55 «ia 05
par 9>iipreni.
Finettold bars.
— 06>4» - 97
—04 • — 06
— 7eig« — 77>fl
—70 V
— 73>t» — 76
KngUsb silver.... 4 83 • 4 8S
U.S. trade dollars — 74 KomlDal.
Fine silver bars..
Flvefrsnci
Mexlosndollan..
Do UDOommerc'l
Peruvian self
United States Bonds.— There is still no change in the prices
WALL, HTKEET. FRIDAY, Nov. 'i'Z, 18M9.-3 I*. RI.
for Government bonds, and the market has been very dnll.
The Money Market and Financial Situation. Tlie week The offerings to the Secretai-y of the Treasury havt- increosed
has not been distinguished by any events of striking import- Homewhat this week and the purchases amount to $!3,949,450.
The statement for this week is as follows:
ance, unless we consider the Atchison-Rock Island agi-eement
entitled to be ranked as such. The Trusts have not broken
4 Pf OmU tf«U 1907.
4K P«r Cmt4 iiu 1891.
out afresli with any new and startling developments; M. K.
0/<ring>. Purch'a. Prica paid. Oltrintt. Purch'u. Priew »«M
& T. affairs are yet smouldering; the Morgan party of capil»7
tWMO IW.4S0
|«<,000
1^,000
10S«
Batnrd&T
talists, going over the " Big Four" to Chicago, have not made
187
23S.O0O
333.000
114.500
114.500
105«
Monday
127
88,100
88.100
120.000
120.000
10B«
it a bigger system by absorbing any new roads
and, barring Tuesday....
—
. .
;
the trafBc contract above referred
to,
there has been nothing
of special importance having a direct bearing on our stock
Wedn'sday.
1«6«-10S«
rrldar
8,800
8.188,100
(MO.OOO
10M<
:8i.0C0
86.000
S.188,100
low
182.000
PO.OCO
3800
Ttaorsdar..
257,700
207,700
e40,00l)
127
197
127
market. The ultimate effect of the Rock Island-Atchison
127
5I4.S00 vain-\<mt
3.486.180 .S.13M50
514.300
..
Total.
combination cannot easily be foretold at once, but that it is
The closing prices at the N. Y. Board have been as follows
generally regarded as an agreement whose benefits must te
Nov.
Nov.
Nov.
Nov.
Nov.
Interest Nov.
tested by the long future is proved by the fact that the price
•22.
21.
20.
Periodt 16.
IS.
10.
of neither stock has varied much in conseauence of it.
4I2S, 1891
reg.Q.-Mch. -10438 *104%*104%*1043»' 10138 '104>li
The high rates for money unquestionably have some effect
coup lQ.-Mcb. *105ia'105>3 *11>5'9,M05'3 -JOSia 'IOSi«
412S. 1891
127
in checking an active stock business just now, not so much 48,1907
127 |*127
reg. Q.-Jan 'la? 1*127 ri27
127
cou(j.iCj.-Jan.*127 *127 *137 i*127 i'-127
4s, 1907
in the dissatisfaction at high charges already made, as in the
cur'cv,'95....rei.'. J. & J.\'in^nnh'117H'in^'inht 117>«
6S,
apprehension that while the bank surplus remains so low 68, cur'cy,'96....rei.'..T. & .Li*120 |*120 i*120 ,•120 ,•120 120
•123
"123 I'Via '123
63, eui'cv.'97....reg.'J. & J.i*12:i ri23
there is always a possibility of twisting up the rates for money 6s, cur'ti;,'98....reg.'J. i J.|»125>3 •125>a •l25>a^l2D'« '12513 •125's
•128
y,'99....reg. J. & J. '128 .•128 i*128 .'128 i'128
in order to depress stocks. Except for this fear of a possible 6s, cur',3
* Tlds is the price bid at tbe morninic board
no sale was made.
difficulty in getting money at reasonable rates to carry
State and Railroad Bonds.— In the State bond market
stocks, the indications point to a higher range of prices.
sales of Louisiana consol. 4b on
If there are strong parties inclined
to
favor a bull there liave been a number of
" sellers' ontion" contracts at QV4-^4. The sales have also inmovement, they would hardly do it just at this time, but cluded Tennessee settlement 63 at 109 ; do. Ss at 74 ; North
would be much more likely to wait till the turn of the year, Carolina consol. 4s at 99J^ South Carolina Brown consol. at
or at least until the banks and loan market were in such con- 104 do. 6s, non-fundable, at i7i-5.
dition as to give some assurance that there could be no probThere continues to be a pretty good volume of business in
able difficulty in brokers' getting accommodation.
raih-oad bonds, and the tone of the market remains firm as a
The open market rates for call loans during the week on rule, with exceptional strength in some issues. The demand
stock and bond collaterals have ranged from 1 to 20 per cent, for bonds at the Stock Exchange keeps up well, notwithstandand to-day the rates were 5@12 per cent. Prime commercial ing the stringency in money, and this may be in part acpaper is quoted at SJ^riOJ^ per cent.
counted for by the fact that comparatively few special inThe Bank of England weekly statement on Thursday showed vestments are now being offered by bankers. The most active
a loss in specie of £310,000, and the percentage of reserve to bonds this week have included Toledo A. A. & N. M. Ists,
habilities was 40'94, against 41 "41 last week; the discount rate Texas & Pacific incomes, Atlantic & Pacific incomes, Fort
remains unchanged at 5 per cent. The Bank of France lost Worth & Denver Ists and Louisville Southern Ista. Reading
gold and 3,475,000 francs in silver.
2,150,000 francs
incomes improved a little on the re|X)rted better prospects for
The New York Clearing House banks in their statement of next year, and rumors tliat interest on the first incomes for
November 16 showed an increase in the reserve held of $1,310,- the past year would be paid, but lost the improvement later.
725, making the surplus above the 2.1 per cent requirement M. K. &'T. bonds have been a Uttle easier.
$.549,875, against a deficiency of $760,850 the previous week.
Railroad and Miscellaneous Stocks.- The market has
The following table shows the changes from ttie previous
week and a comparison with the two preceding years in the again been held in check by a close money market; and this
influence is all the more conspicuous from the fact that in
averages of the New York Clearing House banks :
most other respects the general situation is favorable to higher
Business has been fairly active in volume,
prices for stocks.
1888.
1887.
1889.
rdffr'nc's fr'm
and on Monday the Stock Exchange was quite animated, with
Nov. 19.
Prev Werk.
Nov. 16.
Not. 17.
a more active market than we have had for some tune past.
Railroad affairs continue very favorable, earnings are still
Capital
,762,700
61.062, 700
60,
showing remarkably well, and the rate situation is naturally
Surplus
56,050, 100
51, 586,000
large business. London has again
Loans and dlsc'ts. 3i'5.826,.200 Dec. 1,934 ,000 392, 990,800 352.168,700 better, imder the stimulus of
reported
Specie
75.046 .100 Inc 1,676 ,400 87: 293,500 71,710,800 aided oiu: market somewhat, and Chicago has been
Circulation
8,035.700 bullish on the grangers.
5; 317,900
4.077, 200 Inc
15, 900
In a general way it may be said that
Net deposits
40;^.748:,\mO Inc 2,io;^, ,900 414, ,550,000 353,774.000
the tendency of the market was downward 111 the early part
Ixigal tenders
26,441 ,000 Inc
160, 300 27; ,935,800 24,220,700
of the week, but it afterwai-d became firm, and to-day was
Legal reserve
525, ,975 103, ,637,500 88,443,500
100,9,37 225 Inc
moderate business.
Keserve lield
101,487 100 Inc 1,830, ,700 115, 229,300 95,931.500 steady on a
A number of stocks have been quite buoyant under special
Surplus reserve ..
7^88^000 influences, and have helped to sustain the market when the
549,875 Inc. 1,310.725 11,591,800
pressure against it was strong. Denver Texas & Fort Worth
market has continued has advanced with a large business on rumors of some kind of
Exchange. The sterling exchange
dull and fe,aturole3s all the past week, there having been very
au alliance with Union Pacific, which also advanced imdor this
little demand and no new developments.
Actual rates have influence. Ontario & Western has continued a favorite in the
been rather heavy, though quotations are only slightly changed speculation, and has further improved in price. Tennessee
from a week ago, and posted rates are about the same, viz:
Coal & Iron has attracted considerable attention and has flno4 811^ and 4 86.
tuated very widely. There was a sharp advance of 10 points
The rat«s of leading bankers are as follows :
to 84 on Mondav, and then a reaction, and the price has since
been irregular, though latterly the stock was much less active.
Demand.
Colorado Coal & Iron has also been active and strong, and the
Sixty Days.
November 22.
improvmg condition of the soft coal and u-on busmess has l)een
i Hlhi
4 86
Prime bankers' ste-ling bills on London..
spoken of as the cause for the strength of these stocks, and
Prime cinnmerclaV
|4 79%<»4 80
there were also speculative rumors of some developments to
'4 79U2'4 79 Ha!
Documentary commercial
'5 23'9d5 22ia 5 205^35 20
Pari.H (francs)
Tennessee Coal which would help that stock. Among
come
Amsterdam (guilders)
39'H''.39i»ie 10ii«a 401h
the grangers Rock Island and St. Paul have been active at
95 '4 3)95^
94'4a9438
Frankfurt or Bremen (reiclimarka)
times, but rather irregular in movement.
.,,.
^ „
All the Trust stocks have again been unsettled, with Cotton
To-day the rates on actual business were as follows, viz.
80i^fB4 80?:^'; demand, 4 85^ Oil the most so, there being some trading on the possibility
Bankers' 60 days' sterling, 4
It has desucces.sful.
4 H.'iKi. Cables 4 So%(ai 86. Commercial bills were 4 79)^(ai that the reorganization might not be
year, though finner
were: Francs, 5 2S%<Si 5 22\4 and 5 80;'^ clined to 2S, the lowest point of the
4 79k. Continental bills
been
@5 20; reiclimarks, 94% and 95i^; guilders, 40340,1^ and 40J4 lately, and closing at 30^^. Lead .ind Sugar have] also
weaJk, though without special feature.
@403^.
.
.
I
;
;
;
m
—
\
|
I
I
m
I
I
|
I
—
..
..
.
.
.
.
'
'
IBE CHRONICLE.
682
STOCKS— PRICES AT
N. T.
STOCKS.
STOCK EXCHANGE FOR WEEK ENDINQ
HIGHEST AND LOWEST PRICES
BaturdaT.
Nov. 16.
Top.
.V
Pauta Fe
55 «j 55 '8
Chicwo & Eastern
Illinois.
Do
.
Chicago Milwaultee&Bl. Paul.
pref.
& Northwestern
pref.
Do
Chicago Rock Island & Paciflc.
Chicago
Louis
pref.
Paul Miu.
St.
Do
& Um.
34
34
prof.
&
Cleve. Clnein. Chic.
Do
6%
7358
5578
55»8
120% 119
73% 74
St. L...
971a
9812
•lOig
*73
pref.
iOia
34
35
98% 98%
74
75 14
98%
98»5
22I4
ColumbusHockingVal. &Tol. 2II4 2178 21
Delaware Lackawanna <tWesl 141% 14212 14178 143%
3573
35
Den v. Tex. it, Ft. W. Vot. cert
36% 39
,
East Tennessee Va.
Do
Do
& Ga
Istpref.
23
97
2d
EvansvlUe & Terre Haute
Green Bay Winona & St. Paul
pref.
*3
118
Illinois Central
74 12
23
97
4%
118
18% 18%
Lake Erie & Western
pref
Do
Lake Shore & Mich. Southern
Long IsiariU
Lom-sville & Nashville
Louis. New Alb. & Chicago
33% 34%
•8
5%
73
73%
54% 55 14
337g
5
3414
34
•5
."»%
Friday.
,
3479
5%!
72%
119
35
5514
Nov. 22.
Shares.
34% 35%
8I4
3%
72 14
72
54% 54%
'0413
65
10659 107
*89
92
i
I
41
94
70%
71%
pref.
'4478 "45'>4
10% 10%
•73
75
22% 23
*95
98%
3
1)8
3
II8I4
19
66
2%
2%
Ohio & Mississippi
Oregon Sh. L. & Utah North.
Oregon & Trans-Continental.
Peoria Decatur & Evansville.
76
23
56
35 14
20
Phila.& Head. Vot. Trust. Cert.
4II2
2378
81
81
81a
*34
2II2
6118
3278
pref
pref
Bichmond&Weat P't Termlna.
Do
pref.
Borne Watertown & Ogdeusb'g
St. Louis & San Francisco
•99
100
*24ia 25I4
5518 55%
pref.
107
Istpref.
& Duluth
pref
Paul Minnap. & Manitoba.
Paul
31
109
31
82
83
99% 100
107 13 108
20%
Texas cSc Paciflc
Union Pacilic
& Lake
Paciflc...
pref.
Erie. pref.
msccllnnroiiN Slocks.
Chicago Gas Trust
Colorado Coal & Iron
Consolidated G as Co
33
32
Do
Oregon R'y
&
3376
60
*45
21
6078
23
56
3514
35% 35%
107% 108
56I4
19% 20
20
4178
42%
23%
2410I
41%
23%
82 %j 81
•99
100
I
30
153
'116
117% 110
88
'137
Inactive Stocks.
American Tel. & Cable Co
&
88
111
86
137
136
130
85
*85
Alton
132
*2%
Bait
150
2%
4%
2
4
153
117
87
138
86%
130
2%
4%
99
109
32
107
66%
8%
8
1678
2OI4
2178
>99i4
100
•23
53
107
109
29
17 14
32
29
28
54%
5414
29
55I4
Laelede
11
27% 27%
pref.Gas, St. Louis
i
I914
1914
New York New Hav. & Hart.' 245% 245%
Ohio Indiana & Western
Do
22%
.36%
& Paciflc lyand Trust.
16%
Tnl. Ann ArborA N. M
31%
*6
Cameron Iron & Coal
Tennessee Coal & Iron
7178
Do
pref.
98
Trust Stocks, &c. (UnlisI' ed.)
Sugar Keflnerie.s Co
73%
National Lead Trust
21%
American Cotton Oil Trust.
29
Distillers' & Cattle F. Trust..
39%
|
pref.
Southern Paciflc Co
I
1
Texas
I
'
.
Pipe Line Certillcttes^
*
These are the priooa bid
22%
36%
16%
32%
6%
74%
100
74%
•10% 11
6078 Mar.
Feb.
150
45
100
5
6
74
84
100% 102
71% 73%
20
21%
28
29%
104
IO6I4
18%
72
39
HI4
1.657
33%
45
100
100
25
•150
1!53
131
151
117
87
139
117
86
140
117% •116
•83
90
136
139
8514
135
2%
4%
85I4
135
130
2I4
'2
•4
10
10
86
140
88
140
•85
130
2%
214
414
109
28%
2II4;
July
141
90
133
85
1B5
2%
4%
I
I
I
'
.
244
7%
102
22
Nov. 16
Feb. 14
Oct.
1
36% Jan.
26% Aug.
69% Aug.
45% Oct.
111% Jan.
16
9
9
17
15
49 14 Aug. 12
10734 Aug. 13
75I4 June 6
118 Sept. .30
11478 Sept 12
144% Sept. 12
104% Sept. 9
19% Feb. 6
42% Feb. 6
37 May 23
101% Sept. 9
78% Oct. 15
103% Aug. 12
28 14 Feb. 7
151 Sept. 6
40.% Nov. 21
11% .Sept. 12
76% Oct. 15
25 '4 June 14
07 Mar. 4
7%
Feb.
20%
Any.
8
118% Nov 20
9
Mar.
17% Mar.
56% July
12% J.an.
24
Jan.
59% Jan.
21% July
66 "4 Sept. 11
96%
109% Mar.
97% Nov.
99% Nov.
11778 May
14
78
15
4
12
15
28
Jan. 14
Sept. 12
July 1
103% Nov. 18
110% feb. 2
19% Feb. 4
Feb. 4
Feb.
2
3078 Sept. 11
71% Apr. 26
77
44%
53% June 25
22% Nov. 21
9%
37
Feb 12
23
8ei,t
22% Nov. 18
61% Nov. 16
36% Sept. 5
7878 Sept.
28 14 Feb. 13
50 Jan. 15
27% Feb. 13
84% June 7
104% June 15
30 June 12
6678 Jan. 2
114% Jan. 12
40% Jan. 14
95% Jan. 18
121% Oct. 3
23 Jan. 14
7II4 Nov. 18
18% Sept. 12
34 14 Sept. 9
7378 Sept. 12
30 S4 Sept. 12
June
Jan.
62
Apr.
Jan.
Mar.
Nov.
36% Feb.
Apr.
Apr.
3
24% Sept. 11
57% Nov. 18
164% May 17
7
11
94
156
Nov. 15
Sept. 6
72% Jan. 16
107% Jan. 30
105 Sept. 20
40 Feb. 7
205% Feb. 11
88% June 6
4
June 6
Feb.
Jul e
5
June 18
,
245
7%
3,1.301
21%
1,570
15
1,2001 21
32
6%
3,085
75% 75%
102
36%
131
Jan. 2
Jan. 14
.
24
36
36%
"15% 16%
•5
8%
74
10 80% Jan. 5 89% June 7
125 123 -Mar. 26 140 Jan. 23
700
% Apr. 3 2% Oct, 28
Apr. 3
4% Oct. 22
200
1
917 100 Sept. 26 102% Oct. 14
1,119 IOI4 Feb. 6 22 Nov. 22
7 Oct, 8 11 Nov. 1
305
Nov. 1
1.50 18% July 18 30
_•5.570 I914 Nov. 16 22% Nov. 21
91 241% Jan. 7 279 Sept, 20
5 June 21 13% Sept. 6
1,342
349 18 Oct. 30 30 Jan. 14
2%
4%
•22
•31
58
10 144% Jan. 2 153
113 109 Jan. 10 12014
338 73% Jan. 4 93%
190 134 Jan. 19 146
88
•130
2%
Jan.
Apr.
Mar.
6,440 31% Oct.
1,625 171 Mar.
15,940 83 Jan.
155
118
86% 87
•138 142
,
4
26,685' 31
770: 93
102
'
t
30% Mar.
100 75
i
;
Feb.
Jan.
Jan.
7% Apr.
550 85
•151
•116
153
118
88
248
244 245 •240 248
7%l
7% 7%:
7% 7%
2214 •22
24% •22
25
36%l 36I4 36%
30'4 36%
I6I4 16
16
16%:
16
31% 32
33
30'8 32
6I4
4
4%>
4
5% 3%l
71% 80
78%! 74% 76
74
102% 102% 101 103 •100 103
69% 72%
20
20%
Aug.
Highest
Mar. 4
8714 Nov. 16
49% Mar. 8
15,435 34
24,093 21
1.265 80%
2,208 130
2,020 41%
68% 70%! 67% 69% 141,875
68% 70
1978^ 79,735!
20
20% 1978 20%' 19
30%
28
30>4
29
29% 2878 31 181,685
28% 30
•39
39
30% 39
40
40
'SO
40
220
39% *39
39
110 110% 109% 111% 108% 110% 109% 110% 109 110%' 108%109%'^,6/-.je>u'
and a<>ko>l no sale made at the Board,
Cash sale.
^ Prices from toth Exchanges.
2114
Jan.
Jan.
Apr.
Jan.
325 24% July
18 78% Nov.
5,740 92 Apr.
7,590
200,485
2,400
11,150
3,867
11,160
10%
10% 10% 10
27% 28% 27% 27%
22I4 22%
21% 21%
10% 10%
27% 28
21% 22%
i
July
JiUy
Apr.
Jan.
1, 1889.
90 Nov.
56 14 Jan.
80 93
18878 18878
84% 8414
189
151
•85
Mar.
Feb.
July
1889
107% Nov. 7
1,000 19
1,240 33
12 104
.53%
34% 34%
35%
34% 35%
189% 189%
84% 84% 84M 84%
34
1)J9
84I4
Jan.
Jan.
1,
51%
99% Mar.
2,230 1414
4,363 47%
3,150 25
45,738 58%
1,800 19%
7,450 49
23,140 28%
54
55
55 H
34% 35
93 14 93 14 92% 92%
147% 148
149 149
43
44
41% 42
•90
93
91
91
100 101 100 101
•90
93
IOOI4 100 14
189
16
Mar.
Mar.
Mar.
1,040
9% Nov.
45,157 64I4 Mar.
200 8 Jan.
650 8178 Jan.
2,037 10478 July
2,500 ) 5% July
69%
34% 33%
93
149
117
27% 27% 27%
20% 20%
245% 243
6% 7
6%
21 24% 22 14
36% .36% 36>4
16% 16% 15%
32% 32% 31
20
245
10
537e
35%
34
93
149
44
I
10%
Iowa Central
115
,
32%
08% 69%
32% 32%
6878 70%
Mar.
930
979 84% Mar.
500 51% Jan.
900 91% Jan.
95%
99%
•33% 35
•20% 22
35
*4
Do
do
•4
pref.
414
4%i
Commercial Cable Co
IO2I4 102 14 IO2I4 IO214 102
IO2I4IO214 102% 102% 102
102
Lexington & Big Sandy.
10
19
•20%
22
18% 19%) 20
20
Eliz.
Do
897rt
3714 Jan.
90 Jan.
78% 78%
107 107%
107
2OI4 20%
2014 20%
7014 71
69% 70%
16% 17% •16% 17%
32 14
32 14 32%
32
67 14
6778 68%
64
28% 29% 29% .30%
20% 20%
6978 70%
17
45
150
United States
Wells. Fargo & Co
42
104
60%
32%
76%
28%
55%
35%
100
20%
704
45% 45%
American
2178
Mar.
15% Mar.
36% Feb.
29% Fob.
470 66% Sept.
800 34% July
28% 18,750 25% July 22'
65% 65%
110 61 Jan. 4|
45
44
18,135 41% Apr.
2178 2214 75,218: 14% Jan.
23% 24% 23
24%
•53
55
54% 5478
l(i7
54%
34% 33%
93
93%
47 la
34
Oct.
Oct.
6014
Mar.
60% 60
Jan.
32% 3278 33%
76I4 77%
Mar.
76%
Mar.
23% •22% 23 '4
50 14
Aug.
56% 55% 57%
36
July
35% 35% 36%
'19% 20
20
19% 19%
9.30 19% Oct.
42% 40% 41% 40% 41% 193,650 3914 Nov.
24 14
23% 23% 20,946 19% July
23% 24
81 82% -81 83
83
2,100 76 Jan.
1678
32% 3578
93% 93%
55 14
•8
21
69 14
54
Kxpreim Stocks.
Adams
\Va.sh.
1,020
71
120,207
113
1,110
113% 18,213
*78% 81
103% 106% 105 105% 105
100 12 100% 100 100% 100
33% 3378 34
34
33%
189 189
188% 190
189
84»8
84
83% 84% 84%
Co
Western Union Telegiaph
&
33
!
44% 45 14
2214 22%
61% 61%
32% 33
7578 76%
23%
23
50
82
100
65
•33% 35
32% 32%
7578 76%
149% 150% 150% 150% 150
Navigation Co.
Cincinnati
4
47% Mar.
50% Jan.
92% Mar.
!
65
22
pref.
Paciflc Mail
Pnlluirtn Palace Car
Chicago
3378
20%
32
70
93% 93%
Delaware & Hudson Caual...
Oregon Improvement Co
8%
53%
33%
*69i8
281a
Wisconsin Central Co
8I4
2812
32 12
Wabash St. Louis &
Do
Wheeling
94
18'4 18% •18% 18%
44% 45
21% 22%
8% 8I4
21% 21%
20% 2II4
69% 71 14
I714 17%
32% 33%
69% 70%
28% 29%
I714
2OI2
6958
1714
6814
65
44 14 4478
24 24%
23% 24
5514 55%
55% 55%
107 109
106% 106%
Do
St.
26%
2%
18% 18% 18%
67
21% 22%
Northern Paciflc
St.
Lowest.
900 39% Oct.
93 Nov.
41
18%
2,673
18%
64% 64
64 14
64% 04% 63% 64 14 4.660]
64% 65% 64
106% 106% 106% 106% 15,568
106% 107% 106 106% 106% 107
*83
89 91% 9014 9014
91
396'
91
92
92
92
86
85% 86
85% 857b 84% 85% 43,300
86% 865P 85
44% 45=8
21% 23%
8I2
8I4
8%
34 35
35
22
22
22%
61% 61% 61%
33I8
32% 33%
76 14 76
77
23% 23
23%
56
57%
561a
3573
3514 36%
20
20
20%
42
41% 4314
24% 23% 2414
. .
Do
Do
Range Since Jan.
113%: 113
97
113% 113
102%
142% 142%
142
315 ,135
99%! 99 14 99% 39,218 89%
15% 17
17
550 14
39141 *38i4 39%
1,100 33
34
34
34 14 33% 3414
34
33% 34
2,700 30%
98% 100 •98% 99% 98% 100
100 89
74% 74
73% 74% 74
74% 74% 74% 6,205 58%
98% 98% 1,372 96
99
99
99
98% 08% 99
21 14 21%
21% 21% 21% 22
21% 2178 4,020 11
141% 142% 141% 142% 141 14 I4214 141 1417e 56,147 134%
38 '8 40% 38
3714 39 14
367g 38
39
57,928 15
978 IOI4
IOI4 IOI4 *10
10% 10
8 '4
10
870
72 74% 72 74% •72 74% •72 74%
63
"898 20
2314 23 14 22% 231.1
21 14 2II4
23
23
93 97
97
96% 96% •95
420 86
4
4
4%
600
3%1 "2%
2%
117% 118 118 118% 118 118 II8I4 118% 1,603 106
...
New York & New England.
New York Ont.ai io & West
New York Susquehan. <k West.
pref.
Do
Norfolk & Western
Do
470
4,800
3,338
5,460
1,850
17,943
2,262
2,158
8.363
4378 4376
44
106% 10578 106%
95%
Do
73,092
120% 120 121
•34% 35%
351.
26% 26 14 26%
65% 64% 65
42
94
JAN.
Week,
861-2 8714
*35
35 42 35 42 '35 42 •35 42 '36
42
-102 103
103
102% 102% 103 103
104 104
Manhat:au Elevated, conso!..
103% 104
*95% 97
97
97
96
95
Michigan Central
97
97
97% 96
99i2 99%
9914 9914
9914 9914
99% 99% 9914 9914 •98%
Milwaukee Lake Sh. & West..
'115
110
116
115 115
pref. *115
Do
115 115
115% 113% 115
*10l8 IOI4
IOI4 IOI4
10
Missouri Kansas Jc Texas
9% 10
978
10% 10%
978
69% 7018 69% 70% 68% 70% 6878 70
Missouri Paciflc
69
69% 6878
"14
1414 I4I4 *14
Mobilii AOhio
14% '14
14% 14
15
14% 14
Nashv.CUattauooga&St. Louis 102 102
102% 104
102
103 103% 102% 103
102 104
New York Central & Hudson *106l4 106% 106% 106% 106 IOOI4 106% 106% 106% 106% IO6I4
1778 1778
I8I4 I7J4 18
17% I8I4 •17% 18% 18
New York Clilc. & St. Louis..
18
-70
•70
•70
Istpref.
69% 69% 70% 71
71
71
Do
72
72
•37%
2d pref.
38
38
Do
3^14 38%
38% 39
*aSH 38% •37% 39
28 14
28
New York Lake Erie & West'n 28
27% 28% 27% 28
28% 28I4 28% 28%
Do
AND SINCE
Sales
of the
Thursday,
Xov. 21.
72% 73
I
32,
I
& Pittsburg.
Do
33<>e
Wednesday,
Nov. 20.
Tuesday.
Nov. 19.
NOFEMBER
5478 5514
53
1191411914 120
35I4
35
35
35
35
35
35% 35
2578 26
2614
26%
26% 26% 2578 26I4 26
6412 641a
05
•64%
65
65
64% 65% 65
4,1
44
44
4414 44%
43% 4378 44
43%
106% 107 14 107% 107% 1037e 106%' IO6I4 10678 xl06
*41
42
4178 42
41% 41%' 41% 41% 41%
*93
'93% 9414 93%
94
93
93
93% 93
Vl
71=8
70% 71% 7078
70% 71% 7OI4 71
113 113%; 113%
113 114
113% 113%
113 II312 H314II378 112% 113% 11278 113% 113%
142 144
142 143
142% 144
142
143 143
99%l 99
98% 100 >4 99% 100% 9878 99^8 99
•15
15% 17 •15%
18
17
16
16% 15
3914 39%
3914
394 3914 38% 39S8 38% 39
pref...
Do
73%
119% 120>s 120
Central of New Jersey
Central Paciflc
Cbosapt-ake &0.— Vot.Tr.cert.
Do
do Istpret..
Do
do 2dprcf...
Chicago Burlington & Quiucy.
St.
•5
73% 74
Canada Soulbcru
Chicago
83%
•5
AUftntio & Paclflc
Cana<liuu Paciflc
Chicago
Nov. 18.
3478 3514
Artlvp Kit. Stockn.
Atohi.-iou
Monday.
xux.
LVoL.
Apr. 9
Apr. 1
Jan. 28
37%
Oct.
14
2II4 Feb.
8
35 14 Sept.
9
Nov. 19 34% Apr. 22
Jan. 23 84 Nov. 18
Feb. 19
Jan. 4 103
67% Oct, 29 126
18% Nov. 2 35
Jnne 24
June 25
61%May29
28
Nov. 18
38%
Oct. 23! 4778 Aug. 16
Apr. 23 112% Nov. 8
80
I
.
November
-
BONDS
28, 1889,
..
.
THE CHRONICLE
j
LATEST PRICES OF ACTIYE BONDS AT
Vloting.
BAILKOAn
I). Inc.,
68,
1910
a(l,5e,
W9M
guar., 5s, I'JOS
lOKi
Central of N. J.-lst, 79, 1890
15 Nov. 22
13»4b.' 16»4
77>8b.' 7«'4
Guar., 4s, lity?
Can South.— 1st
Itange Since Jan.
N. I.
OTQCJt
07
102 19
..
CoiiBol. 7s, 1 899
Convert. 7s, 1902
General uiort., 5s, 1987
Leh.A W.B., con. 7s, 1909,a8'nt!
Am. Dock & Imp., 5s, 1921 . J
Central Paeitle-OoKl 09, 1898..
Land grant Us, 1890
I
13
Oloting.
96^8
100
112^
10»2
•
b. 108
Jan.
!ll5%b. llSUFeb.
101i4 0et.
.1.
.|l05isApr.
Mortgage 08,1930
1. II314 Jan.
Ohes. & Ohio.— Mort. 09, 1911.. 118 a.
100%
let consol. .-)S, 1939
94 Feb.
Ill b.
1.107 Jan.
Ches. O. A:8o. W.— 09, 1911
ClUc. Burl. & No.— Ist, Ss, 1920. 101 b.
>! 98
Jan.
>.il28'aNov.
CUlc. Burl. & Q.— Con. 7, 1903. .130
1
.
llOij
113
•
116>4
i
.
!
!
I
. .
i
j
91% Nov.
Jan.
.Tan.
I.I
1
Cons-niotlon,
-
II
121
13^
lUiiy July
iiohilloh. 115 Feb.
111J«».
04 Jan. 10314 June
f01»»
118
114V» Apr. ilieisBcpt.
........ U71.1 Jan. 121% Apr.
H". ,. 1131a Nov. 120%
I01i«
116
117
b.
II3I8
110 '4
MV
110%b. 109:1,001. 117
107 'ab, 108 b. 07% Jan. !llO
Il05iab.'l06
—
1081a Jnne
Aos.
Mav
„
I
102 Jan.
101 19 Jan.
b.
10^1
100%
I
100
Rome
Wat. &Ogd.— 1st, 7s, 18911
Con801.,exteuded, 5s, 1922. ..:1081a |100
St. Jos. &Gr. IsL— Ist, 6.8,1925.1104
102
St. L. Alt. & T. II.— Ist, 7s, 1894 113 b.iI14
110 Mar
logiaFeb.
7019 Mch.
94% June
04<s Jan.
82% J»n.
62 >4 Jan.
,
lllB%Uar
94% Mar
,
lie%Jalr
„,
,
112 Mav
109 19 Apr.
118 June
m
'
11214 Jane
108 Apr.
09 Feb.
38 Feb.
110 Jan.
I
t
I
!
!
1
i
110
\
. .
j
40iab
94 b
58
General 6s, 1921, Trust roc.
South Carolina— lat, 63, 1920...
2d, 6s, 1931
Income, 6s, 1931
So. Pac, Ariz.— 1st, 63, 1909-10.
So. Pac, Cal.— 1st, 6s, 1905-12..
So. Pac, N. M.— 1st, 63, 1911 ...
Tenn.C. I. &R,v.— Ten.D.,lst,69
Birm. Dlv., l9t, 69, 1917
.
'
!
j
1
1
.
44 14
94 b,
'
5
i
b.
108%b
115 b.115%
iOOia 108 b.
98%a. 98 ~
Feb.
121
Apr.
Apr.
Apr.
421
121
121
Hay
;108
June
122
Apr.
121% June
103% June
101 14 Not.
9219 Mar
104 Nov.
31 Jan.
14% Not.
90 Jan. 101 Aa«.
47 Jan.
61 Aag.
5 Sept. 10 Feb.
104 »s July 10919 Nov.
114 Jan. 118>9 8ept.
_.
.-.,
105'4 July 109% Nov,
89
89
9919b.
9913
Apr.
90
•
C—
Jane
107
1
'
Jhly
10.519
.
'
May
lOOia
1
'
Mar
't03
a.
2il,
.
70 Iq Kag.
37 Anc.
\
mort., urct., 78, 1894
107 b. 110 b.'io5%Feb.
2d, mort., income, 78, 1894... 105 b. I05ia 'l04i3Jan.
St. L. Ark. & Tex.— 1st, 6s, 19301 87
86
77 July
2d, 6s, 1936
3019
30
23 May
St. L. & Iron Mt,— Igt, 78, 1892. 106iab.!l06iab. hosu Aug.
2d mort., 7s, 1897
105^.b. 106 b.'ios Jan.
Cairo A; Fulton— Ist, 78, 1891.ll02%b. 102%b. 10II4 Julv
CairoArk. &Tex.— Ist,78,1897jl04iab. l*liab. I02»e Aug.
85i4
Gen. R'y & land gr., 58, 1931
'SIM)
81 Jan.
St. L. &SanFr.-68, CI. A, 1906ilI5iab. 11519b. 116
Jan.
ill5iab. 115 b. 115
6s, Class B, 1906
Nov.
6s, Class C, 1906
jllSiab. 115 b. nsijjan.
General mort, 6a, 1931
1117 a. nsigjan.
General mort., 58, 1931
102 b.'103iaa. 10114 Jan.
' "
8. P. M. & M.— Dak.E.xt.,6s, I9IOIII6
116 Nov.
l8t con.80l., 6s, 1933
119 b, 118
11313 Jan.
Do
loma.i 98i4Jan.
reduced to 4138 ...j 101
Collateral trust, os, 1898
101 b. 9014 Feb.
llOOia
Montana Ext. 1st, 4s, 1937
8719b. 88%
8314 Jan
104
Shou. Val.— lst,78, 1909, Tr. reo. 100 la
8719 Apr.
'
Mar
87>a
>
IO6I3 Juno
io8 Oct,
b.:io3
Nov
b.
July
'
Oct.
107i9Apr.
llliaSept.
Jan.
a. 106 b-lOliaFcb.
Evansv. Dlv.— Ist. 6.9, 1920
107 a. 108 a- 102% Jan.
2d mort., 5s. 1927
66 b
66 Jan.
Phlla. & Road.— Gen. 4s, 1958.. 9014
891a
88^ Jan.
Ist pref. income S.s, 1958
78%
70
76«aNov.
2d prof, income 5s, 1958
SSI4
39
5714 Nov.
3d pref. Income Ss, 1958
4019b. 48 b. 48 Nov.
Pittst). & West.— Ist, g., 4a, 1917
84 b. 83%a. 76i4Jan.
Rich. & All.— l8t,78,Drexcl cert. 68I4
68 b. 88 Jan.
2d mort., 68, 1 916, Droxel cert. 36iab. 36i3b. •26 Jan.
Rich. <fe Danv.— Con., Os. 1915 .. 119
118iab. 114 Jan.
Cou.sol. gold, 58, 1936
87
87%
86 Jan.
Rieh.AiW.P.Ter.—Trust 6s, 1897 99% 100 b.' 98 Feb.
Roeh. & Pittsb.— Con. Os, 1922
119 b.
113 Jan.
.„ ._
Nov.
Aug.
Nov.
Nov.
'
Mch
100
100
Jan.
Jan.
Not.
92I9
2000 92
85 19 Mch. 94 May
3714
2d, gold, income, O.S, 2000
37%
34 Mch. 40 Apr.
ToL A. A. & N. M.— 1st, 63, 1924 IO519 103 b. 99 Mch. IIOI4 June
118 a. 103 Jan. 120 Jnne
Tol.A. A.&Gr. Tr.— lst,6s, 1921'
il01%b. 101 Jan. 1041a June
Tol. & Ohio Cent.— 1st, 5s, 1935102
77 b. 74 Apr.
82 19 June
Tol. Peo.&West,— lst,48, 19I7..I 7719
Tex.
1
(
& Pac— Ist,
gold, 5s,
'
'
'
;
!
1
Tol.St.L.
&Kan.C.— l8t,6s,1916 103%
I
1
..
1
.
IO3I3
6s,
Tol. & W.— 1st, ext.,7s, Tr.rec'
lst,St.L.Div.,79,18S9,Tr.rec.'
2d, extend., 7a, 1893, Tr. reel 105
Con., conv., 78, 1907, Tr.rec. 101
Gt. West.- l.st,7s, 1888,Tr.rec
2d, 7s, 1893, Trust receipts. 104
b.'.
b.
.
llSigMar
"•
117 14 Oct.
117 Apr
115i9Jalr
90 Apr.
52 Not.
104 Aug.
101 % Sept,
103%
Sept.
IO3I9 Aug.
Oct
104
101 Aug.
IO3I9 Jolr.
Mch. 1103% Not.
86
1
and tbe range are from aotoal
12019 Jan.
'll2i9Julr
!
8919 Jan.
93I9 Feb.
87 Jan.
85 Feb.
89 Jan.
'.
b
103>9 .IO514
West Shore— Guar., 49
West. N. Y. A Pa.— lat, 5, 1937.1 95 b. 95%b.
Sliab.
2d mort,. 3g., osc, 1927
31
West. Un. Tel.—Col. tr., 5s, 1938 102%
102%
Wheel. »• Lake E.— 1st. 5s. 1926 105 a. lljS
"»' price asked; all other prlooa
103 May
121 la July
9213 Jan.
1899 ....!ll8iab. lisiab. 115 Tun.
114iab. 115 b. lU Sept.
Sinking fund, 88, 1893
KansaaPaoillo-lst, 68, 1895. 11019b. 11019b. 110% Aug.
lHi9b.ll2
100>9Jan.
l9t,6.3,1896
11219b. 11219 May
Denver Dlv.— 6s, 1809
11319b. 114
112 Jan.
Ist consol., Os, 1919
113 b. Ill Feb.
Oreg. ShortLlno- l8t,6s, 1922 II319
85 b. 78% Jan.
Virginia Mid.— Gen. in., ,5s, 1936 ...
~
-^
"
~
Wab. St. L. & P.— Gen.,6s, Tr.reo.l 52 b..
37 Apr.
1.
8819 Jan.
ChlcagoDlv.— OS. lltlo.Tr.reo.'
Wobash- M., 1*, 1909, Tr. red
86 Jan.
Union Paciflc— Ist,
I
and
11.
,
IJSiab. laiijj,,^
112
112
Co.— Ist,
Consul. ,,09, 1025
1
bid,
126«ii
Peuu. Co. 11.2s, coupon, 1921..
Poo.Dec. & Evans.— lst,6s, 1920' 108
i
NoTB.— The letter "b" Indicates price
132% Ol
'110% Nos
I
117i2feept.
121
Sej.t.
I
"118
44%
June
. .
Juii'
BMig Juu
10314 Nov
:
!
1
Apr.
'1
West-
H
!
Oct.
Oct,
00
101
Os, 1933. 108 b 109 a. 103% Jan.
112 Jono
Ohio Ind. .V
Ist, 58, 1938 88
«5 .
61 July
854NOT.
Ohio iV; M1.S8.— Consol., 78, 1898 116 ,
1>-JI7, b.115 Jan. 121
Jnne
Ohio Soutliorn— l8f, Os, 1921 .
..112% 103 Jan. !ll3<4 8ept
2d. iiiidme, Os, 1921
SO b. 58 a.'
Jan.
aOHiOoL
Omaha i St. L.— Ist, Is, 1937.. 76
71>sJ»n.
80% Jane
Oregon Imp. Co.— 1st, 68, 1910. 105 ^ ,X?.
"iJPSfsfiloa Feb. |10U%Feb.
Ore. R. * Nav. Co.— Ist, Os, 1909 113iab.|113i.|b.'iio Jan. 11314 Junn
No. Pae. ler.
!
1
1921
N. Y. Out.
!
'
«a,
1923
,58,
& W.-l8t, 68, 1914.
N.Y.Siis. &W.— l8tref.,58, 1937
Aug
108 June
149 Aug.
133 May
II
Sinking fund 6s, 1929
123 Apr.
li
Sinkiug fund OB, 1929
112 June
Sinking fund dcbent. 5s, 1933 1
Jan. 116 Sept.
IO4J2 Nov. 109 Apr.
25-year debenture 58, 1909... li
Extcutiouls, 1920
9712 Nov. IO414 Feb.
92 13 Oct.
Chic. Peo. & St. L.— Gld. 58, 1928
98% May
131i4Mch. 13812 June
Chic. K. I. &Pac.— 63,coup.,1917 i;
Extension ik col. 5s, 1934
104«8Jan. 108 "a June
Chic.8t.P.M.&O.-Con.0s,1930 1:
119i2Jan. 12HaMay
Ch.9t.L.& Pitt.— lst,con.5s,1932
92 Aug. 100 Feb.
Cleve. & Canton— 1st, os, 191799 Jnne
921a Jan.
C. C. C. & I.—Consol. 78, 1914.. i;
130 Jan. 13618 Nov.
1:
'112 Jan. 125 Sept,
General 68, 1931
Col. Coal & Iron— lat tis, 1900.. 1<
9358 Apr. 105 Jan.
Col. H.Val. &T0I.— Con. 58, 1931
60% July 87% Feb
General gold, 69, 1904
50 July
87 Feb.
Denver & Rio Gr.— l9t, 79, lOOoU:
II8I4NOV. 123 Sept.
l9t consol. 4s, 1936
75 Jan.
821a Mav
Denv. & R. O. W .— Ist, Os, 1911.
8412 Jan. 102 Mch.
Assented
73% Jan. 100 Nov.
Denv. S.Pk.AiPae.—l8t,78, 1905
81 Jan.
9413 May
Det. B. C. & Alp.— l9t,g.,69, 1913 1(
103 Jan. 108 la Feb.
Det. Mac. & M.— Ld.gr.3'n9, 191 1
31 la Nov. 40 I'eb.
Dul. & Iron Range— Ist, os, 1937 1(
96% Jan. 104 Feb.
E. Teun. V. & G.— Con., 09, 1956 1(
102 Jan. 1081a May
Eliz. Lex. & BigSau.—<J8, 1902. 1(
99 Jan. lo7% Aug.
Erie— Ist, consol. gold, 78, 1920 i;
137 Mch. 142 July
lil^b. lllJa 110% Jan. 114 May
I,ong Dock, 79,1893
Consol. 6s, 1935
118 Apr. 1123 Feb.
N y.L.E.&W.— 2dcou.6s,1969 105
(105»eb. 08
Jan. 1071a May
'lOSia
l9t, 6s, 1921 107
Ft. W. & Denv.
90 Jan. 1109 Nov.
Gal H.&SanAut.- W.Div.lst,59 92I2 192 b. 92% May
95''>8Mcb.
GrB.W.&St.P.— 2dlnc. 88, 1911
13 b. 13 July
25 Feb.
GultCol. & San. Fc— Ist, 79,1909 113
1114
10014 Aug. 116 Fob.
Gold, 6s, 1923
76^4
75%
62 Oct.
871a Jan.
Han. & St. Jos.— Cons. 6s, 1911.120 a. 119 b. 119 Sept. 124 Feb.
Int. & Gt. No.— 1st, (;s, gold, 1919 105
lol^b. :1001a Apr. 10913 Jan.
.Coupon,6s, 1909
69'«b. 62
May 741a Jan.
Kentucky Cent.- Gold 4, 1987
80
90 June
711a Jan.
Knoxv. & O.— 1st, Os, gold, 1925 III3 111 a. 'lOl Jan. 1121a Sept.
L. Erie & West.— 1st, g., 58, 1937 111 b. 113
107 Jan. 116 Sept.
Lake Shore.-Con.cp.,l8t,78,1900 126 b. 127 b. 12514 Jan. 130 May
Consol. coup., 2d, 79, 1903
128 b. 128 b. [124 Jan. 130 14 May
Long Island— 1st, eon., 58, 1931 118 a
II414 Jan. 117% Sept.
General mort., 4s, 1938
99
98 b. 921a Jan. 102 14 May
Louisv. & Nashv.— Con.,7.3, 1898 117i8b. 117 b. II6I3 Oct. 121 la Mch
E. H. & N.— 1st, Os, 1919
114 b.ilU b. [ll4%June 118i4May
General, 6s, 1930
(115 b.'llO b. 112 Jan. 118i4May
Trust Bonds, 63, 1922
[llOiab.illOkb. 1091a Jan. 115 la May
10-40,68, 1924
101 la Jan. 106 Apr.
50-year 58, 1937
'105 a.'lOO a. 98
Jan. 107 Sept.
Collat. trust 58, 1931
103^4 I104'4b. 96I4 Jan 1051a Oct.
Loni3. N. A. &Ch.— l8t, 6s, lOlOllVijjb. 118»3
II214 Jan. 122 June
Consol., gold, 6s, 1910
IIOII4
101 ^a
93 Jan. 106 Sept.
LouLs. SoutU., iBtg.Os.. 1917 100% il01»8
95 Aug. 10118 Nov.
96I3 Aug. :100 Sept.
99''8
Louis.St.L.&Tex.,lstg.6s.l917 OO'g
Mem. & Char.—Os, gold, 1924. lOoi-jb.
1021s Jan. 109% June
Metro. Elevalcd—lst,03, 1908.. 116 b. 116 b. Ill's Jan. 120 June
.2d, 68, 1899
lOo^s lOo^
105 Nov. 11113 May
Mich. Cent.— l8t, con., 78, 1902. 127 a. 126iah. 1261a Nov. ll33iaMcii.
i]09>2b. I09'2b. n Ola Oct. 114
May
^ Consol., 5s, 1902
Mil.LakeSh.iW.—l8t,68, 19211123
122 b. 118% Jan. 128 Sept.
Conv. debenture, 53,1907
'105
105 Oet.
ilOl'flb. 0213 Jan.
Milw. & North.— M. L.,Os, 1910. 109 b. lOOiab. 1061a Jan. Ill Apr.
Ist, Con., 6s, 1913
108>4
lOS^b. 105 14 Jan. IO912 Mch.
Minn. & St. Louis— 1st, 79, 1927
90 Jan. 100 Sept.
Mo. Kan. & Tex.— Con., 68, 1920 68>4
69 Nov.
67ifl
53 Apr.
Consol., .58, 1920
61% Nov.
59 b. 50ia Apr.
OO^iS
Con901., 7s, 1904-5-6
105
lOS^g
871a Mch. 106 Nov.
Mo. Pacillc— l9t, con., 68, 1920. 108 a.' 108
107 Nov. 115% Apr.
3d, 78, 1906
112 Nov. 121 13 Apr.
114
I112
Pac. of Mo.— Ist, oxt.,48,193S| 98J2b. 9a'4b. 97% Jan. 102% June
2d mort., 79, 1891
103 Oct. 1051a Apr.
!l03 b.l
1.
& N. W'.— Consol. 7s, 1915. 1
1:
Gold, 7s, 1902
Chic.
W.— l8t,
N. Y. iMik. &.
109% June Oregon Jt TiausconM—68, 1922.ll03ia
Jim.
Jan.
Jan.
VM
f
Nov
N y.Chic. &8t.l,.-l8t,48,l»37 9314
OIIN
9li2jau
N. Y. Elevated-l8t, 78, 1906...!U6%b.'H«%b. no
Jan'
1301a June
1
129
i
1
Sept,
106
1.
99
100
142
127
115
107
109
May
Mav
104% Aug.
101
May
97 Jan.
83 Feb.
<' 99
Jan.
122'3Jan.
112 Jan.
110 Jan.
>.
June
1.
Bigh4tL
I
4I%JttD
|)0
j«n
1
N. Y. ( .i\;Il.-l8t,cp.,7s,1903|133>Kb.l
Dobeutiire. OB, laoi
'Ill b.Ull
N. Y. dt Harlem— Ist, 7s, 190o!
Apr.
95»8 Apr.
121 Nov.
1271a Sept.
I.
.1103
Juno
IO414
).'102:iiMay
921a Feb.
>.!ll8
>.'118
112% Feb
Midland of N. J.,-l8t, 69, 1010
114 July
104'8Jnlv Norfolk ii West.- Gen., 6s, 1931
134 May 'North. I'ac.—l8l, coup., 6s, 1921
General, 2d, coup., 1933
106% Oct.
Ocnci-al, 3d, coup. Os, 1937 ...
961a May
i
aos's
Debenture 5.S, 1013
Denver Division, Is, 1922 ....1 93i2b.|
Nebraska K.ttensiou 13, 1927.1 02i8
Chic.&E. 111.— I3t,s.f.,e9, 1907121 b.l
122 b.'
C0U.S0I. 09, 1934
General consol. 1 st, as, 1937. 101 "ab.
Chic. Gas.I.,. &C.— I9t,g,d8,1937i 96
Chic. & Ind. Coal K., 1st, 59, 1930 101 b.
Chic. Mil. & St. P.— Con. 79, 190.) 127 b.
1st, SouthwestDiv.— 08, 1909. 116 b.
Ist, 80. Miu. Ulv.— 68, 1910 ..11034
1st, Ch.& Pac.W.Div.— 08,1921 107
Wi.?. & Minu. Dlv.— 58, 1921
105 b.
Terminal 5s,1914
May
Jan.
120
;
Lot—ML
iVcrti.
|
108% Mch.
'
28
Mobllo&Ohlo— New, 0«. 1027.. ill9>aa. 119 it.
General mort., 48, 1038
88%
'>7'ii
Mutual Uu. Tel.— S. f., 68, 1911.1101
looiyb.
Nash. (;ii. AHt. L.— l»t, 78, 1913 134
Il34ia
Consol. .-,«, 1038
!lOB'4b.:107
N.Y.Ceiiliiil— Extend., 58, 1893 1031a llOSHi
12014 JllIlC
1051a Feb.
.
'
18
ff<"-
22% Feb.
83 Feb.
H2i2May
Oct.
IgW
1,
Sangt Mnet Jan.
'
Uighett.
,102 b. I0H4 Aug. 106 la
120iab. :i20 Jan. 1241a
124 b..'125 Jan. 128 '4
|113%a.
.106% Jan. 115%
il lti>4
no's Jan. I2012
'
EXCHANOB, AX» BANQE SINCE JAK.
RAILBOAI) Bokim.
Lmntit.
68I2 Oct.
IOOHj Jan.
93 '4 Jan.
I091.1
683
1,
BOtTDS.
JVor.
Atl.&Pac— W.
.
102%
109% Jane
Jan.
94%
29
Nov. 101
Nov.
44
Jan. 106
Apr. 110
Apr.
Feb
>
98%
102
June
Aog.
salea.
STATE BONDS.
SECURITIES.
SECURITIES.
Alabama— Class
A, 4 to 5
19061
Class B, .5s
1906
Class C, 48
1906
68, 10-20
1900
Arkan.sa.s- (is. funded. IHUO-l 900
78, Little Ro<k .tFort Smith iss.
7s.
78.
Memphis A
Little
Arkansas Central
Georgia- 7s, gold
—7s,
Lonislana
Stamped 48
Michigan— 78
cons
Rock
RR
iss...
Bid.
due 1889 or 1890
Asylum or University, due 1892
1894-1895
Funding
1892
New York— Os, loan
102
105
112
Missouri— Os
6s,
J. & J.
North Carolina—6s, old
lOOOi
FiUKlingnct
New bonds. J. A J.. .1802-1808
.
1
.890
1914
1890
Chatham RR
Special tax. Class 1
Consolidated 4s
0«
38
10
.
.
.
|
;
1010,
South Carolina—6s, non-fund
.
20 .
8
99 14 100
1019 1241a 125
Bid.
Rhode Island—tis, eon.. 1893-1894' 107
.
1
888
i|
Compromise, 3-4-5-68
New settlement—
68
58
3s
Virginia 6s, old
68, consolidated bonds
6s, consolidated, 2d .series
6s. deferred, trust receipta
—
I
Ask
(.
4»b
1893
coii.90lidatcd, 6s
1892-1898
Tennessee— 69, old
103
Brown
'.
lOSiai.
1893, IO8I9!.
loan
SECURITIES.
Ask.
.
1912j
67
78
I.
I.
109
1913
1913 101% 103 1«
1013; 73M| 73%
|
1
I
7
|
6
THE CHRONICLE.
684
rvou xLix.
BONDS-STOCK EXCHANGE QUOTATIONS ON FRIDAY OF THE LESS ACTIVE RAILROAD BONDS.
BECUHITIES.
Bid.
Railroad Bonds.
(Slock FxehotiQr. Fricef.)
Atlantic & Dnnv.— IstR., 6s. .1917
Atl. & Pac— I'dW. I)., gu. 6s,. 1907
Bait. & Ohio— iBt, 68, Park B.1919
goM
5s,
1925
198H
Cons, mort, gold, 58
Beech Creek— 1st, gold, 4s. .19361
Bo8t. U. Tun. & w:— Deb. 58.1913]
Brooklyn Elev.— Ist, g., 68... 1924
1915
2d. 3-58
Union El., let, g\iar., 68
1937
Brunswick iWest.— I8t,g.,4s.l938l
. .
&
Bull. Koch.
Pitt«.— Gen.,58.1937i
Koch. * Pitts.— Ist, (>a
1921
Burl Ccd. Kap. <t No.— l8t, 58.1906
Consol. &collat. trust, 58... 1934
Minn. & St. L.— Ist, 78, gu..l927
Iowa C. & West.- 1st, 7s. .1909
Ced. Rap. I. F. & N., Ist, 68.1920
let, 58
1921
Central Ohio Reor.— 1st, 4128.193O
Cent, RR. & Bank.— C«I.g.,58. 1937
eav.& West.— Istcon. g.,5B,.1929
Cent, of N. .1.— Conv. deb., 68.1908
LcbiKh & W. B., M. SSs
1912
Central Paciflo— Gold bd».,6s. 1895
Gold bonds, 6s
1896
Gold bonds, 6s
1897
Ban Joaquin Br., 68
1900
Cal. & Oi egon-Ser. B, 6a ... 1 892
Mort. g., guar. 58
1939
West. I'acilic— Bonds, 68
1899
No. Railway (Cal.)— 1st, 68.1907
Ches. & O.— Pur. M. fund, 6s. 1898
68, gold, series A
1908
.
&
Ches. O.
So.
West.— 2d,
.
63. .1911
Chicago & Alton— Ist, 78
Sinking fund, 68
Iiouis. & Mo. River— lat,
2d, 78
&
1893
1903
7s. 1900
1900
St. L. Jacks.
01110.-181,78.1894
1st, guar. (564) , 78
1894
2d mort. (360), 7s
1898
2d, guar. (188), 78
1898
MIss.K. Bridge— 1st, s. f., 6s.l912
Chic. Burl. & Nor.— Deb. 6s. ..1896
Chic. Burling. & Q.— 5s, s. f..l901
Iowa Div.— Sink, fund, 5s.. 1919
Sinking fund, 48
1919
Plain, 48
1921
Chic.MU. & St. P.— Ist, 8s,P.D.1898
2d, 7 3-lOs, P. D
1898
D
l«t, 7s, S g., R.
1902
l8t. La Crosse Division, 78.1893
l8t, I.
M.,7s
1897
1st, I.
D., 7s
1899
l8t, C. &M., 78
1903
Ist, I.
D. Extension, 7s... 1908
1st, Southwest Dlv., 6s
1909
Ist. La C. ADav., 58
1919
1st, H.
D., 78
1910
Ist, H.
D.,5s
1910
Chicago
Paelflc Div., 68.. 1910
Chic. <fc Mo. Riv. Div., 58... 1926
&
&
&
&
&
&
Mineral Point Div. 5s
&
C.
1910
L. Sup. Div., 5s
1921
Assu...l924
Inc. conv. sink, fund, 5s
1916
Fargo & South.,
Dakota &
6s,
Gt. South., 5s
Geu. mort.
e. 48, ser.
A
1916
1989
Chip&N.W— Esc&L.S.— Ist,6s.l901
K's M. & Minn.— 1st, 78
Iowa Midland- 1st, 88
Peninsula— l8t, conv.,
East Tenn.— 1st ext.. gold. 5a.l937
1938
Kq. A Injp.. g., .59
97% lOOM Mobile & Birni.— l.st, g., 5a.. 1937
Alabama Central— Ist 68.. .1918
Erie— 1st, extended, 7s
1897
1919
108
2d, extended, .58
107
1923
108%
3d, extended, 41-29
1920
90
4th, extended, 58
1928
100
5th, extended, 48
1920
Ist, cons., fd. coup., 78
Ill's 113
1908
91
Keorg., Ist lien, 68
1916
106^,10718
B. N. y. & E.— Ist, 78
N. y. L. E. & W.—Col. tr.,68.1922
1969
Funded coup., 58
97 "2 99>2
1977
Income, 6s
118
100
Buff. & S. W.— Mortg. 6a.... 1908
JcfTei son— Ist, gu. g. 58
1909
95
90
Eureka Springs R'y— lst,68.g.l933
100
1st, cons., 68.1921
98 IO312' Evan. & T. H.—
1923
Mt. Vernon— 1st 6s
97 103
jEvans. & Indian.— Ist, cons. 1926
'Flint & P. Marq.- Mort., 6s. .1920
102
1939
lt0% l8t con. gold, 5s
99 iFla. Cen. & Pen.— 1st g. 5s.. ..1918
[Gal. Har. & San Ant.— Ist, «8. 1910
114
1905
104
2d mort., 78
1927
iGa. So. & Fla.— Ist, g. 68
112
Grand Rap. & Ind.— Gen. 58.. 1924
112
Green B. W. & St. P.—1st 68. .1911
114
1937
Housatonio— Cons, gold 58
114
HOUS.& Tex.C— Ist, m. 1. 78.Tr.rec.
West Dlv. 7n,Tru8t rccelpts.1891
102 1021s
1901
113=8
Ist Waco & Nor.— 78
2dm.8B.M. 1. Trust receipts. 1913
115
Gen. niort.6s,Trust rccelpt8.1925
nilnois Central— Ist, g., 48
.1951
119
1951
Ist, gold, 3123
1952
110
Gold 48
123
Springf. Div.— Coup., 68.... 1898
1921
Middle Div.-Reg., 58
119 120
0. St. L. &N. O.-Ten.l., 78.1897
111 lllk
Ist, consol., 7s
1897
111 IIIJ4
2d, 6s
1907
116
1951
Gold, 5s, coupon
116
1951
Memp Div., Ist g. 48
105
Dub. & S.
2d Dlv., 78 ...1894
Ced. Falls & Minn.— 1st, 78.. 1907
104%
Ind.Bloora.&W.— 1st, pref. 78.1900
Ohio Ind. & W.— 1st pf., 58.. 1938
113
9518
Ohio Ind. & West.— 2d, 58. .1938
92
I.B.&W., con. inc. Trust receipts
'125
Ind. D. & Spr.- 1st 73, ex. cp.l906
126
117
Ind. Dec. & West—M. 58
1947
127
2d M., Inc. 58
1948
114 114% Iowa Central— 1st gold, 58. .1938
116
Kan. C.Wyan.&N.W.— Ist 58.1938
118
1171-2
Kings Co. Elev.— Ser. A,l8t 5sl925
124
L. Sh. & M. So.— C. P.& A.—78.1892
127
Buff. & Er.— New bonds, 78.1898
116 II7I2
Kal. & W. Pigeon— 1st, 7s.. .1890
104
Det M. &T.— Ist 7s
1906
I2514 127
Lake Shore— Div. bonds, 78. 1899
104 104%
Mahon'g Coal RR.— 1st 58.1934
118 120
Litchf. Car. & West— 1st 68. g.l916
104 104% Long Island— Ist, 7s
1898
N. Y. & E'wav B.— Ist g. 58.1927
107
104 12
2d mortg., inc
1927
N. Y. & M. Beach— 1st, 78.. 1897
99I2
N. Y. B. & M. B.— I8tg.,5s.l935
100 102
Brooklyn & Mont— 1st, 68. .1911
96
Ist 5s
1911
IIII2
Smithtown&Pt.Jeff.— lst,7B 1901
t
I
I
\
I
I!
!
. .
C—
C—
Chic,
d:
W. Ind.— Ist,
8. f.,
I23I4
I23I2
2d. gold, 4>o3
1937
CIn. I. St. L.& Chic.— Ist,g.,4e.l936
Con.sol.,
68
1920
58.1936
Ind.— Ist, 78,8.f.l899 'II912
Con.wl. sink, fund, 78
1914 130
Clcve. & Mah. V.-GoW, 53. ..1938
Colorado Midland— Ist, g., 68.1936
Columbia & Grecn.—l8t,63.. 1916
2<l, Gs
1926
Col. A Cin. Midland— 1st, 68 1914
^ Mac-lst, g.,
J^i"/.-'.'";'?-
Cl.tol.
Cm.
A-
A W.—Convert. 78,1892
Mortgage 78
190'
Syra. liing. & S. Y.— 1st, 78.1900
Del. Lack.
Morris
& Essex— Ist, 7s
2d, 7a
Bonds, 7a
78of 1871
Ist, con., guar.,
Bel.
1915'
78
& Hud. Canal— Ist,
79. ..1891
extension, 78
Coupon, 7s
Pa. Div., roup., 7»
1st,
Albany
A:
1914
1891
1900
1901
1
891
1 894
1917
fu<q.— l.st,gu.,78.1900
1906
l8t, cons., guar., 6s
Kens.
ftiir.— 1st, coup.,
&
78.1921
& R. G.— Imp.,g., 5.S...1928
Dul. So. 8h. i!. Atl.- Gold 5s.. 1937
.x,!lP°- ^"- * Oa.— Ist, 78... 1900
DlYlBional 5s
1930
Denv.
*
No
Bid.
93 >s Northern Faclflc— (Continued)—
9312
La. M. it Mo. R.— 1st 5s. ...1937
95
North. Pae. & Mon.— Ist 6s. 1938
lie'
Cosur d'Alene— 1st, 6s, gold. 191
lOSig
Gen. iBt gold, 6s
1938
117
CcntWa-shington- l8t,g.,68.] 938
108
Nor.& West— N. River, l8t,6s.l932
11658 H7I4
Imp. A- Ext, 68
1934
103 14 104
Adnistment M., 78
1924
Enuipnutnt, 58
1908
105
CliuchVal.D.-lst.equlp. 58.1957
142
Ogd.A Lake Ch.— I3t,con.6s.l920
Ohio & Mi.ss.— Con.s., 8.F., 7s. .1898
9012
2d consol. 78
1911
Springfield Dlv.— Ist 78
1905
92 12
Cfcneral5s
1932
105
Ohio River RR.— Ist, 5.s
1936
General mort., gold, 5s
1937
118
Oregon & Callforuia— 1st, 58.1927
Pennsylvania RR.—
113 114
Pitts.C. & 8tL.— Ist, cp., 7s. 1900
I22I2 123
Pitts. Ft. W. & C— 1st 7s.. .1912
Ask.
105
2d, 78
.3d,
103
101
98
91
83
104
116
109
104
99
92
103 "a 103%
106%
114i« 115
111
112
97
103
117
122
111
8712
116
*--.'_.
1912 •135
78.1900, *125
7s
Clev. & P.—Cons., s. fd.,
126
4th, sink, fund, 68
1892| *105i4
StL. V. &T. H.— l8t gu., 78.1897 116 1161a
2d, 7s
1898
2d, guar., 78
1898 i'cifii
& Tot— lat,
iosia
Pitt)).
Clevc.
120 125
81
78
109 12
95
Pitts.
Pitts.
Pitts.
Pitts.
Junction— 1st 6s
69.. .1922!
1922 109
& Y.— Ist OS
1932 115
Paiusv. & F.— Ist 53... 1916 *
Y.
Presc't
Rich.
& Ash.— l8t
1916
& Danv.— Debentiue 68. 1927
Atl. & Char.— 1st pref., 78. .1897
Rich.& W.P.Ter.— Cim.c.t,58.1914
83
II914 123
100
1927
58
& Ariz. Cent Ist 6s,g. 1916
R.W.&O.— No. &M.lstg.gu.58.1916
118
101
117
Mc. K.
2d income, 6s
115
148
147
1912;
Peoria <fe Pek. Uion— Ist 68 ..1921 113
65
2d mortg., 4128
1921
il6>2 Pine Creek Railway— 69
1932, '100
113
112
100
105
101
II7I2
Rome W.&0g.Term.—lstg.5s,l 918
1925
St Jos. & Gv. Is.— 2d inc
Kan. C. & Oniahar-l8t 5s.. 1927
St. L. AL & T. H.—Dlv. bonds. 1894
-.
*
..•«
100
80 13 81
84
46
3213
871a
54
117
1923 108
55I2 57
CW.StL.&Pad.— lstgd.g.58 1917 100
St Louis So.— 1st, gd. g. 4s. 1931
81
15
20
86
40
101
do
2d income, 5s. 1931
95
Car. & Shawt— Ist g. 4s.
.1932
82
35
St Louis&cniic— 1st, con. 63.1927
25
88
89121 St L. & I. M.— Ark. Br., 1st 78. 1895 107
1081a
8tL.& San F.—lst,68,P.C.& 0.1919
Equipment, 73
1895 105
104% 105
1st, trust gold, 5s
1987
91
Kan. City & 8.— 1st 6s, g-1916
119
Ft. S. & V. B. Bg.— lat, 68.1910
102
St. L. K. &80. Wn.— Ist, 6S.1916
130
Kansas Mid'd. 1st, g. 4s. 1937
120
107 109% St. Paul & Duluth— l3t, 58. ... 1931 *112
2d mortgage 5s
1917 •100 1021a
98
12016 I2OI2! St Paul Minn & M.— Ist, 7s.. 1909 *
117%
2a mort, 6s
1909 'II7I2 118
Miuneap. Union Ist, 63
1922
Mont. Cen.— 1st, guar., 69.. 1937
1151a
East Minn., Ist div. 1st .5s. 1908 100
103
San Ant & Arans.— l8t,68,'85-1916 8814 89
IIOI4 111
1926
89
1st 6s, 1886
90
111
San Fran. & N. P.— Ist g., 5a.l919 100 14
Sodus Bay & So.— Ist 5s, g. .1924
Louis. & Nash.— Cecil.Br., 78 .1907 105
109
80. Pac, Cal.— 1st con. i>8
N. O. & M.— 1st 68
1938 100
131
1930 117
N.O. &M.-2d, 6s
So. Pac. Coast—1st guar., 4s. 1937
1930 105 110
Texas Central— 1st, s. £., 78. .1909
Pensacola Division, 68
50
1920 107 110
l.st mortgage, 7s
1911
St Louis Division, let, 6s.-. 1921 115
Texas A New Orleans— 1 st78. 1905
2d, 38
1980 65
Sabine Division, 1st, 68
1912 id4%
Nashv. & Decatur— Ist, 78.. 1900 120 123
Tex. & Pac, E. Div.— 1st 68.1905 '110
8. &N. Ala.— 8. f., 6s
••>••
1910
Tol. A. A. ACad.— 63
1917 104 ......
Pens. & At— 1st, 6s, gold.. .1921 1065? 107
Tol. A. A. A Mt PI.— 63
1919 9812
Nash. Flor. & S. 1st gu. 58.,1937 lOli; 102
90 14
Union Pacific- Ist, 6a
1896 113
Lou. N. O. & Tex.— 1st, 48.... 1934
Ist, 68
1897 114 115
2d mort., 5s
1934 40
1898 116 116H
Mexican National— Ist, g., 68.1927 93
l9t 68
Collateral Trust 6s
1908 104
2d, income, (is, "A"
1917 52
Collateral Trust 5s
1907 • 94
2d, incoiue, 6s, "B"
15
1917 12
1895
C. Br. U. P.— F. c, 78
Michigan Cent ral— 6s
90
1909
Coupon, 59
124
IISH Atch. Col. A Pac— Ist 68...1905
1931
951a
Atch. J. Co. A W.— lat, 68.. .1905
Jack. Lan. & Sag.- 68
1891 103
Utah Southern- Gen., 78...1909 115 118
Milw.L.S.&W.— Ext. & Imp., 5s. "J. 1041.2 105
126
Exten., lat 7s
1909. 114
Michigan Division, l."t, 68. .1924 118 120
114
U. P. Lin. A Col.— Ist g., 53.1918 »101i2
Ashland Divisiau— 1st, 6s ..1925 119
21
Utah A Northern- Gen., 53.1926 108 ...>
Incomes
106 110
Gold. 59
1926
Minn.&StL.— I'a Ex., Ist, 78. 1909
95
I00i«
,=i3
Valley R'y Co. of O.— Con. 63.1921
103
2d mortg., 79
1891
70
1st, gold, 5s
1939 i'(ii% 101 'a
Wabash—
Southwest Ext.— 1st 7s
1910 71
82%l 82'8
2dm., gold, 58
1939
Pacific Ext— Ist, (is
70
1921
Deb. ni., series "A"
1939 5II3I
Impr. & equipment, 6»
120'2
1922 57
51i2| 53
1939
Deb. m., series "B"
Minn. & Pac.-l.st mortg., 58.1936
92
Wabash St. Iiouis A PacificMinn.S. Ste. M. & Atl.— Ist, 58.1926
StL.K.C.AN.— R.E.AKR.7S.1895 iio^'mi*
iMi880\irl Pacific— Trust.g., 58. 1917
StCharlcs Br'ge— lst,68. 1!H)8 104
^^
Mobile & Ohio— 1st ext., 68... 1927 110
No. Missouri— l3t, 7s
1895 II5I2 116
1st pref. debentures
66
75
West Va. C. A Pitts.- 1st, 63.1911
fit L. & Cairo— 4s, guar
1931
77
78
Wiecon. Cent Co. - Ist g. Ss. .1937
96
99
Morgan's La. & T.— Ist 68.... 1920
116
1937
Income 58
55
59
l8t,78
1918 123'?8
.lllsecllitiicous BouUs.
Nash. Cliat. & St L.— 2d, 68.. 1901 112
New Orleans <fe Gulf— Ist, 68 .1926
Am. WaterW. Co.— 1.9t6s.... 1907
1907 100% idiia
N. O. &. No. E.— Pr. 1., g., 6b.. 1915
l8t con., gold, 53
N. J. Junction— Guar. Ist 4s. 1986
Boston Un. Gas— Tr. cer. 5s. .1939
94
104
N. y. N. H. & H.— 1st, reg. 48.1903
Cahaba Coal Min.— 1st g. 7a. .1907 *
111
N. Y. & Northern— l9t g.. 58.1927 no
Col. A Hock. Coal AL—6s,g.. 1917
98
2d, 48
Con-wru Coal— Convert 6*... 1897
1927 54
56
1905
N. Y. Susq. & West— Dob. 6a. 1897
Equitable G. A F.— 1st 6s
102
Hackcnsack Water— 1st. 53..1926
2d, 4I28
1937 79
82
Henderson Bridge— 1st g. 68.1931 log's
N. Y. Tex. <S:Mci.-lBt, 48....1912
1901
Northern Pac.— Divid. Rcrip ext... 104
Iron Steamboat Co.— 68
James River Val.— 1st 6a... 1936
Laclede Gas, St L., 1st, g.. 5s.l919
90
901a
Spokane & Pal.— 1st, (is
People's Ga8 A Coke > Ist g.68,1904
1936
106
St. Paul A N. P.— Gen., 6s. .1923 119
Co., Chicago
99 ......
120
S 2d g. 69,1904
Philadelphia Co.— 1st 8. t. 63.1898
HelenaAUedM'u— lat,g.,69 1937 101
Duluthi-Manitolia— l8t,g.69l936 110
West Union Tel.— Coup. 7.S...190C -iii
-a
Dul.&.Man.Dak. Div.— lat 681937 107 110
hi tebr'st Fuel- Gen, a. f. 68.1908 '104
Bcllev.
Bellev.
& 80. 111.—Ist
& Car.— 1st 68
88. ..1896
. .
—
—
.
1930
1919 1235s
68.1919 II312
1932 1191-.:
General mortgage, 68
Ciu Haul, i- I).— Con. s.f., 78.1905
8ECUKITIE8.
Ask.
92
92
. .
1907
1900
& Minn.— Ist, 68. ..1918
.
I
7s... 1898
No. Wisconsin- 1st, 68
Paul &S.
1st, 6s
St.
.
I
120
Chic. & Milwaukee— Ist, 78.1898 120
Win. & St. P.— 2d, 78
1907
Mil. & Mad.— 1st, 68
1905 lien,
Ott. C. F. & St P.— 1st, 5s. .1909 108 '4
Northern Ill.—lst, 58
1910
Chicago Rock Island & Pacitlo—
Des Moines & Ft. D.— Ist, 48.1905 84
l8t, 2123
1905
Exten.sion, 48
82 ^i
1905
Keokuk & Des M.—1st, 58.. 1923 103%
Chic. A- St. Louis— 1st, 68
1915
Cliic. St. P. & Kan. Clty-5s..l936
Miun. & N. W.— 1st, g., 58.. 1934
87=8
Chic. St. P.
Bid
SECTJEITtEB.
ABk.
price Friday; these are the latest qiiotaUona
'
.
. .
.
'
W
made
this
week.
.
November
New fork
—
e
.
.
Bank Statement for the week ending Nov.
We omit two ciphers (00) in all ca>.e»
16, 1889, is as follows.
Bankh.
Bank
$
New
of
2.000,0
York...
1,011.
1,240.
8^5,
1,775,
1,875,
2.0.50,0
MerctianCa'
2,000,0
2.000,0
3,000,0
1,000,0
1,000,0
1,000,0
300,0
Heohanloa'
America
Pheolit
CUy
Tratleanion's
Cbemtoal
Merohant.8' Rxch'nge
eallatm National
Butchers* & DroverR'
281,5
22'A2
108,0
613,5
7
1,200,0
4015.4
.',000,0
New York...
merioan Bxchan^e..
of
Commerce
Broadway
1,607,5
3,258,2
BepabUo
Chatham
Peoplee"
A
482.0
1.250,9
274,5
384,1
191,0
699.S
202.7
239,1
1,105,6
280.4
8HH.3
l.S.^J
600.0
750,0
600.0
500,0
Folton
Bt. Nicholas
Shoe (fe Leather
Corn £xchanKe
..
1,000,0
1,000,0
Continental
Oriental
Imporcere* A Tra'iore
lllver
Central Natloi
20,117,1
19.S8\5
6,0^^9.4
267,4
6,H5'2,S
lHO,(i
1,289.3
2,633,6
2.518,0
2.9 1.2
8.957,0
4,0U5,2
2,872,1
2,622,0
. .
.
,.
1,042.1
615
10S6'
1.204 9
262.0,
2,817.4
1,50,0,
3,016,0
121,9
2,75 j,6
760,9 10,333,0
113,7
4,305.3
6Se,6
3,500.5
385,1
3,161,6
25,6
5,343,8
244,2
3,555,9
387,0
3,416.0
218,0
l,9o9,3
308,4
6,206,5
249
2,289.0
534,0
3,793,0
110,0
2,060.0
859,7
8,684,3
145,6
4,115,0
10. -274.0
1.184.5
2,999,0
643,0
227,7
1,17-2,2
728.9
480.7
373.9
1,230.8
2,25-2,0
3,ii21,0
7.-175 1
LfQfUs.
f
f
$
DevosiU.^
'^i^r^t'-n
Clearing*.
104,951,2!3,985,
4110,818,1 14,040
402,117,714,056,
401,615,0i4,081,
403,745,9 4,07 7, ,2
793,.010,6
748, 11,4
792,,903.3
701 ,716.7
775, 056,6
s
397,812, \ 71,,79-2,5 30,363,3
395,383, 8 72, 2.i0,4 129,083,4
396,142. 7-2,,797,6 2S.S52,3
397,760, 2 73,,369,7 20,230,7
395,826, 2|75,,046,1 26,141,0
I
5.059,6 135,333.8 2.515,,0 100 452.6
5,196,1 135,905,9 3,616 .1101, 158,5
9,,462,5| 4,907,S 134,209,1 2,639 8 lOO iOJ,5
65,544, 9 155,345,
9
65
•
35,132, 3
35,132, 3
...
98,133,
98.1196
3.5.13-/,,3
...
9....
16.
9.,824,5
9,,709.61
.544. 9 1.'.6.241.
65,514,,9 153,361,
Pi'lla
»r
^ov. 2
G7.645
omil two cipheri »n
ce.phla, the item
*•
I
24,421,0
2:(, 167,0
all these
due to other
nnurea.
America
108
— Latest
206
Gartlold.
161"
102
Chemical
City
180
Columbia
202
Commerce... 196
•200
CommercliU.. 102
112
Coutiueutal 132 137
Corn Kxch... ;!30
En8t Kiver.. 173
11th Ward... 150
Fifth
250
Fifth Ave.... 1100
Flr.-it
2000
14th .Street.. 165
Fourth
170
Gallatiu
265
M'chs'ATrs'. 210
Mercantile... 205
Merchants'.. 155
Merch'ts Ex. 117
.>Ietroi)olitan
Morris
535
.Mnrr<aj'
Nassau.
New
166
BushWk Av.(Iiklyo)- Sf k
Central L'rosstown— Sl'k.
1st mort., 6», 1922
Cent. Pk.N.A K.Rlv.— Stk.
Con.sols. 7s, 1902
Ohrtsfph'rAlOth St-Stk.
Bond.s. 7s, 1898
Dry Dk.E.B.A Bafy— Stk
Isl mort., 78, 1893....
'
Trust, 6s
Butl.
A
77
73
72
94
In
Phlla.
}I18
}108
i 90
Non exempt, 6s
142.1
A
Gr-nd
119
99
>
133
110
105
125
lot
110
C—
Kutlaiid-5s
Kansas— Ss
Soutliern
I
I
Texas division— 68
Incomes
,
Wlscon. Cent.— 1st M., 68
1
PHTI,*DELPH1A.
RAILROAD STOCKS!
Camden A Atlantic, pref.
East PcnnHvlvaiiia. ..
Elmlra A WilUamsport...
11
I
{1 19
Income, Qb
A Ohlo-4s, 1936 ..
Cape Fear A Vao.--!st,68
Cent. Ohlo-Os, 1890
64
104
>s
>4
101
106>4
Char. <;ol.A .\nc — lst,7e
Cln. Wash.
2d. 6s
60
BeirsG.ip
m"
...
|
Bait.
.....
Income, 5s
47
]
A Augusta
Western Maryland
KAILKOAU BUNDB
Atlanta A Char.— let, 78.
Chart. Col.
100
80
73
88
86^
90
m
2d pref
Central Ohio
Preferred
i
lbs'4
126
11.6
1st prof
2a con. inc 3.', 1939
N. Y. A N. Eng.-lst, 7s. 128>a
Istmort., Gs
,J1184
2d mort, 6s
J104'4
100
2d mort., scaled, Ss
Ogdens. & L.
Cons., Os 103",
A
Bait.— lata.
97 >•
00
26
3d Xs
9S
ist Inc., 58, 1931
Seab'dA Ko'uKe— 6s, 1926 106
West. Md., 3d guar:, 68.
67
60
110
Wll. i-el.AAng..6s.l»10.' 118\,
Per share.
i
Last price this \reek.
I
1907
10
18
12
100
85
41
117^,
6^
iVli"
100
101
107
195
106
275
103
273
109
SSb
*•}
Imp..
do. Trusti-ed st^M-k
Di tiller.-.' <K Cat.le F. Tr.
Unl. u. ^hore
.vu— Stk.
,18*
,127
lOi
Bonds, 68
110
1«.3
102
SBCURITIBS.
35
39
Bid,
hLoulsv. St LouiJ ATex.. 30
ISh -<er»phisACha'8t, consols 120
"^
Hex Nat.Constract'uOo,
42
'
•<lclilg»n
42
.ft
Ohio
.
De.s.,t East Sh. M.Co.
87 <•
Newb. Diitcli.ACoan.. ..
00
Mt.
N.J. Southern
N. O. Pac. Land Qrint...
A Miss. Val
>3
Newp. N.
N. V. V.-.S.A Buff
.N*. Y. A Green'd Lake, 1st
2d mort
N.Y. Loan A Imnr
IN. Pac. P. d'Orellle DIT.
Mls.ouri uivis 0'>
Norch Rlv.'^ons. C.>.scrii>.
\o.I..tW.-lst accinl-cert,
I
37
37
'2.1
ace. int. .-ert.
*?
21
Oce;in SS. Co. Isf, gnar
Ifeusaoola .u At.ao* > ..
16
IPjstal
.
114
81 Hi
29 >«
-41.
I
Ist pref
Smith..
—A Ft.I.Div.,tf8
'J.A
A
]
82
Kanawha A Ohio
Keely Motor
Lehigh A Wilkeg.COJil...
Telegraph— Cable
Louis
Chicago
Prof
sou St. Paul K,AOr.Tr..lat». l.W
-'clo'.o Val. 1st. 7s,Tr. reo.
2
*2.1. 7s, Trust receipts
5
5>a To.e.lo Pe.iria « West...
1131.J
—
I
/
14
Gjorgia Pac.— Stook
Ist6g
Little
ll-.'2
..il
l;
is"
A
Prat
3si
29
Rock
L.N. A.AO
lis
90 !...„
1100
I?3
Fi,
"6V
A
Consol. 5s
Income 5s
17*
'IM
»Is,78
Eiiuilublu
30 hi
C;>
A
74
lOS
••.rooklyn)..!
Mi
120
105
102
10
Ualiforula Pixiflo
108
112
1st mo'-t., 4 48
101 ig
2d mort.. guar
Atl.— BeneflclaryOhio.
5Ki
1
Clucinnati A Spriugf
21
ComstiK-k Tuuul'I
19
1st income Is
40
Co'ttmeutal Cjn.
'l2o
6-<
M.I.
l-.O
Brooklyn Klev'd—stock..
107
175
110
|
Bond-.,
Bid. lAak.
A Pike's P'k, let 68
A Ch:ir. Air Line
4LtL
1st, 7s,
98
180
116
103
100
112
100
People's. BroolUyii>......
Williamsburg
70
103
Stock Exchange— Unlisted Socnrlties.
New York
SECURITIES.
FTy-Stk. 200
173
109
95
99
105
180
105
IstiflOi-t., 7s, UOO
265
Third Ave.— Stock.
111
Bonds, 5s, 1937
Twenty-third St.— Stock.. 260
107
Istmort., 7.S, 1893
A
,
I
Brunswick
lOS
m>i
.
Scrip
i
108
43
116
to
6s...l 111'.
Steuben. A luiLlstm. 6a.
9!"i Cnlted N. J.-G. 6s, 1908
jl-'3
Warren A F'rank.— 1 st, 7a
lUU
5
West (hcst'r— Con.6s '01
96
Little R. A Ft. Sm.— 78...,{
Wert Jersey— l8t M.,7a..
W. Jersey A Atl lal, 6a
Louisv. K V. ASt. L.— l8t, 6s 109 Sj' 1 10
70
2dmort., 2.6a..
-West Penn.— 6s, 18B3 ....
Mar. H. A Ont.— 1925, 6e.l
PlttjiburgBr.. Ba
i
1923, 6s
KAI.TI.MORE.
RAILROAD STOCKS!
MextcanCon— 48., 1911.. 66
Baltimore A Ohio
30
1st con. inc., 3s, lOS......
Kans. City Law.A So.— 68
K.O. Moraph. A Blrm— 6s
Kan. Clt.Ht.Jo.AC.B.— 78
K. City Clin. A Spr'd.-58
Atuh.
1893
42dSt. Manh.A St. N.Ave,
l.st molt., Os, 1910
2il mort., income, 6a
Hoaat. W.St.A P.F'y— Stk.
1st mort, 7b, 18'Ji
Ninth Avo
Second Ave.— Stock
1st mort., 58, 1910
Sixth Ave.— Stock. . .
|.Jrl9—con.
A
A
A
Am. BMk Note Co
Am. Pig 1 on st.n-'ge war.
Am. Cal.IleTni.-*t
St.
A
General mnrtg. 4s
IOi>. i02>4
A Kead.-l>t, 6s 123
A R., 1893. ...I 111
Philatlel.
2d, 7s, (;.
|
Nicholas.
State of N.Y. Vio"
130
Third
Tradesmen's. 99
1st mort., 7s,
102'i
Cons., 7.-<, coup., 1911... U3BV^
Cons., 6s, g., r.R.C.19ll'}12
i 96
Imp., 6», g., coup., 1897, J 1 02 Hi
43
(«>>,
Cons. 6s.. 1st ser., 1922.
09 1^
87i.ji ...
Oonsol.of Vermont—Sb..
Deferred Incomes, coop
14
Eastern, Mass.— 68, now.. 124 1125
PhIl.W.
Bait—Tr. o., 4s 103
K. C. Ft. Scott
Mem.,68 115 [Ui'-i Pltt«. Cin.
St. L.— 7a.cp. 118>a
K.V. Ft. Scott
GU.-7B
Schnyl. B. E. 8.— lst,6a.. 106
106
1910
California South.— 1st, 6s.
Income, 6s
Plllllill,
United St'es. 213
94 Ij
Western
West Side... 200
!48
6s, '18
series 5s, 1918
•2d
Penn.A N.Y.Can.-5«."39
Neb.
Exempt.es
4>.js, Tiust I^tan
Pcrklomen-lstso.
86
fl4»i
I
Mo. R.
St.
1-20
..
York... 212
.
Scrip, 6s, 1914
'
,4
Mortgage, Sa
llS<j
7HVi
1
Metrnpoiitan- Bonds
Mutual (X. Y.)
Bonds, 6s
Nassau (Brooklyn)
—
Ex.
|
!
118
7s..
A
180
254
13S
112
Prodnco
177
Republic
112
Seaboard
325
Si'conil
130
liieventh
iShoeALeath. 152
250
!Sixth
161
7tliAv. -Bl'k..
A Topeka-lst,
Collat. Trust, 68
Plain, 53
I
200
1-
A
BONDS,
itch.
101}
Park
>.
iiri'-a
181
Bond.s, 5s
...
Con-solidatcd G:is
Jer.s.y (ity
Hoboken.
Plienlx
355
Hill. 250
1st mort., 5s. 1904
Sdmort., 5s, 1914
B'way Suitoco b-ds...l92i;:
Bonds guar., 5s, 1903
Brooklyn City— Stock
l.st mort., 5s, 1902
Bkiyu. (;rosstown— >5i.,t)rt
1st mort,., 7s, 19C8
A New Eng., pref..
107
67
j
IK
ll8>s
2d, 7», reg., 1910
139f>
Cons. Os, C. A R., 1923.. I!IS»4
5
i
North Peiin.— lstM..7a. 118
180 182
ofilColony
General mort. 7,*, 1903.1 133
Portland Saco A Ports... J126Ki
N.Y. Phil. ANorf—lat,6a IbB 110
B^-j
Summit Branch
Income, 6s
60i|t
}....
i3l
Vermont A Mass.
Penn.-Oen.6s, oonp.1910 131
Wisconsin Central
29U 28«e Cons. 6s, coup., 1905 ..."
li3\
60
63
Preferred
(.'i.ns
5b. coup., 1019... 113
.V.
Brooklyn G's- Light
Cltiieiis' Gas- Light
jl'eoplo's
14 ".J
12
N.Y. county. 450"
N.Y.Nat.Bx. l'.i7
Ninth
130
..
iai
11«>4 i:7'
2d mortg,,7a
16
lll>a
162
C'enti-al
Sorthern
Norwich A Worcester
Ogdensb. A Lake Cham.,
t
City Railroad Securities— Brokers' Quotations.
iD. D. K.B. A B.— scrip 68.. 105
Bl'ckerSt. A
ul. f. -Stk.
170
lElghth Av.— Stock
1st mort., 7s., 1900
Br'dwar
Consol. M., Aa
Leh. V. -1 St, 68,C.4 B.,'(18
111
.
Central
Oi-iental
IPiwalic
Metropolis... .325
j.
105
103
3SI(
35
lots 101\
Connecting—6a
rj2<(
DeLABd.B.-lst,7a, IW)5. 1X3
Baafon A Amboy.— M, 5a iins,
Elmlra AWllm.-lst, 6s.. l'/-J>a
6-i
18
35
L,
N. ¥. and Brooklyn Gas Secarities— Brokers' Quotations.
GAS COMPANIES.
Bid. Ask.
Bid. Ask
GAS COMPANIES.
Bid
America.. 187^1
INorlh River. 14U
.Mechanics'. .1210
alt.
Harris, p. M't J.AI..—4a.
Hunl'nA B. T.— l(t,7a..
16',
22
02
IN.
22.1
146
540
Irving.
190
Leather II fs- 230
Lincoln
200
Madison Sq.. 100
.1Ianh,-vtt.tu... 180
Market A Ful -200
4200
470
Citizens'
Hanover
I
140
Hud Hiver..
Im. A Trad's'
147
week.
BANKS.
400
Greenwich..
Butcha'AU.-. It's
Central
143
Cha.se
^50
Chatham
310
this
pi-ice.s
German Am. 122
Qermau Kx. 260
German la
270
265
io'
85
25
93
7*
81
Manch'slorA Lawrence
Y.
»»S
icna'.... '..'.'.'.'.'.'.'.'.'.
lUS
1311
A St. L.
Lonisville h^aus.
Preferred.
vmuim
RAILROAD BONUa
US'! 119
Preferred
Pitchburg, prof
Flint A Pore Marquette..
Prefiined
Kan. V. Ft. Scott A Mem
K. C. .Momnh. A Blrm
«
1
Allegh. V»l.-7 S.10^'»«.
Inc. 7s, end. aoap.,'M..
Reived, uela.—<:-on*. 4a..
Bella Gap— lat M., 7s
Catawtsaa— M. 7a, 1900.
Clearlleld A Jeff.- 1 at, Os.
26
25>!i
Pasiump.. i 14
C..nni>itlcut Kiver
205
EastiM-n
lal.. .......
V
51
n30
.
3%
Vollof ....
I-
.
Phil.
25
.1
A
«JV
-^anbnry A Lowtaton
Called Co'aol N.J
West Jersey
WoMt Jersey A Atlantic..
Preferred
Hid.
Am. Exch...
Broadway...
70,33.-,3
Incmdlng, for Boston and Phlia.
t
Aebnry Park
Bowei-.y
88.406,8
79,704.5
b,inK8.'-
BANKS.
Bid.
95,841.0 2,135,0
95,156.0 3,126,0
94.627.0 'J.135.0
21,0-22,0
Banlc Stock List
BANKS.
HO
,
Specie.
I
16.
We
3.4620
26 -'.7
706,0
I
116.707, 8
26.... 116.707, 8
2... 116,7u7. 8
9... 117.712, 8
16.... 117,712, 8
..
Kov. 2
*
2,23»0
4,9n:il
6,556 5
19,301.9
1.016,0
18x,l
1,666,7
4,0^3,8
Preto-.Ted.
Concord
Connectlcnt
4,9935
2,0400
1,513 8
17,062 7
H'^
28 <i
*
Cleveland A Canton
21,100 8
'iS.Ta 7
132,:)
N
A
1,672,0
451,4
310,0
413.9
2,94.3,4
PrefcrKMl
Mexican
107,0
N'
N-
Ohio. Burl.
Nnrtli'n ...
West. Mich
Chic.
tfali.e
l,90,-<8
i
Preferred
f'Shlxh Valley
A
267
'
Bid.
A Broad Tod
Little HchuylVui
Mln.'hlll
.I. Haron
,170
|
Oallfornla South<!rn
Central of Massacbasett*
MS
84HI
I
BMtonA Lowell.
Teir.
Boston A Maine
Boatnn A Prnvldonce
8.4U1.6
3,511,0
6,23.%5
lopeka
Haoitncton
>any.
2,968 5
4,321,6
1,9011,1
4,59J.8
2,871,2
Loans.
Boi^ton.*
"
5,5619
15,278.1
dCj
SuTTilus.
N. York.-'
19
5.1929
8,li7,H
61.002,7 56,650,1 395.826.2 75.046,1 28,441,0 403.718.9
..
Capita/
8,2701
777.0,
3,500.0
300,0
iVat.lnnal
rir.t National, B'klyn
8.032 2
11,368,8
A
iitolilson
BKOUBITIXS.
Aik.
I
2,8070
315,0
476,0
375.0
Fifth National
Bank of the Metrop..
West Side
Beaboarii
Sixth NationaL
4,7397
981,0
1.019.9
3.718.4
1.910.0
QarheM
12,000 5
1,518,0
75,4
IjDiteil States
l,i,6B9
9S0,7
381,5
513.1
247,8
203.0
264,3
482,3
230,1
132,2
Germania
.
423 2
1,4-29,6
2.81.1B
.3,381,01
200,0
200,0
600,0
300,0
200,0
150,0
300.0
200,0
600,0
200,0
Jjlncoln
Total
I
100.0,
German Exchange...
Bakks.
394,7
221,9
217.
715,0
717,1
l,3HB6
2,6779
BECURITIES.
BKL
nOl4TON.
RAILHOAI) STOCKS, f
234,0
176.6
137.3
411,0
220,0
713,5
277,2
216,0
474,0
6>0,0
413,7
.
German- American.
Chaae National... ,
Fifth Aveune
3,21s'o
6S6
Qaotatlong in Bogton, Plilladeiphia and Baltimore.
FoUowinj? are quotations of acl/ve sUxiks and bomU. A fiU'
liat is Ki^en in the Cbboniclk the third Saturday of eacli month-
40.J.7
1.2'20,0
aoo,o
250.0
200,0
750,0
600,f
-...
New York Connty..
^e«teni
1,991,0
1,261,3
17,151,3
7,602,0
4,037,0
5,272.8
20,576.5
Bowery
'
2,10'i.l
4,.375,7
Y. Nat' 1 Eichaogc
"
6.179,8
4,380,7
f>M,0
....
.
Fire; National
ghird .National
Nov.
182.0
429.1
317,7
1,000.4
144.2
461.0
741,2
481.1
181,1
4.012.8
5.367.8
105,0
287.4
1,010,0
al
...
Seco ill K itioutl
Ninth VjtioDiU
••
3.999.3
2,114.8
lie. I
240,0
2511,0
123.7
3,200,01 1,410,6
561,1
2,000,0
300,0
240.8
2»7,1
730,0
River
Fourth Natlonfl
38i'.0
3,025,(1
S.987'9
2,0258
4.S.I
753,7
408.3
-2,779.0
2,0Ull''
S4 74u'5
3,6700
336,8
439,0
1.840,6
230,0
795,8
84S,7
172,0
414,3
169,0
439,0
468,2
278,6
481.8
2,979,9
2.573,7
3,963.0
2.058.8
4,26 1'fl
0,8.^r8
60.'S.6
2,I!S:(.7
14,024.0
2,000,11
Park
North
Oct.
25l>.n
300,0
Irving
Naaeaa
Market
69_.-
1,000,0
S00,0
6oe,o
Cltlii.is'
7,243,'2
7.7fl5'l
7,1(1:10
277,6
86,7
431,0
148,0
206.9
1,303,5
1.020.7
1,613.3
2,711,3
10,898,1
6,162.2
2.096.2
4.471.7
86
450,0
200.0
700,0
North Anierloa.
Hanover
.
7P0,«
350.9
1,500,0
...
1,39-2.3
3.654,4
16.176,0
18.203.5
6.714,0
10 852'6
196.5
797.0
671.H
489.8
105,0
178.4
059,0
361,3
190,0
3.089,0
2.8 76.0
1,307,9
3,214.3
1,58-2,2
42a,7
Paoiflu
214.2
6,253,(1
2,011.1.
.
8,000,0
1.000,0
1,000,0
Mercantile
t
6,C8«,7
375.3
118,4
1,378,8
Xjeather Maaafa'it'rs.
Ea
2,281.7
10.200
n.37o')
678,4
431,0
446,7
234,0
309,0
903,0
2,685..
21,827,3
3,293,1
J"
671>,0
2,31t7,0
211>.7
CO.'iO.O
Dtponu.
»
4B0,0
1,655.0
l,«e0.3
1,459.0
10,090
300,0
200,0
200,0
600,0
300,0
Beventh National
tate
9,574,^
7.239. _
S.6ll,0
10,465.3
4,017,0
64'J.O
1,0110,0
.
Levilt.
$
2,412.4
600,01
A Traders
Breeuwioh
SptcU.
~i
11,280,0 1,920,0
s
Manhattan Co
Hechatiloi*'
Loatu
CavitaL SurplHj.
(005 <»nitted.)
.
THE CHRONICLB.
33, 1889,]
City
.
,
107
109
I
jIUtahCentraL— 1st 6».
West. N Car.—Coa.6e
..
Ask.
1
..
..
......
...
..
.
1
THE CHRONI'LE.
686
ImU$I Xamingt Reported.
%nvitstmtnt
H fe* or Jfo
Itttelligjcucje.
The Investors' Scpplkmbnt, a pamphlet of l^i) oagea
ewntaiiis extended tablet of the Funded Debt of 8ta et nnd
,
Cities and of the Stocks and Bonds of S'ltlroads and other
Companies, It is published on the last Saturday of every
other month^viz., January, March. May, July September
and November, and 's furnUheA without extra charge to
all regular subscribers of the Chuomcle. Extra copies
are sold to subscribers of the Curosiclb at 50 cents eash.
and
to others at $1 per copy.
The Qen'.ral Quotati-jns of Stocks and Bonds, occupying
six pages of the Chuonicle, are now published on the
tblrd Saturday of each month.
RAILROAD EARNINGS.
Eamingt
Jan. 1
Reported.
1889.
1888.
1 to
Latut Date.
1889.
1888.
Orftnd Trunk—
Chic .SiGr.Tr |Wk Nov. 9
Det.Gr.n.AcM.|Wk Nov. 9
Oulf & thicago October.
Housatouic
Iseptcmb'r.
74,606
62,438 3,007,362 2,708,801
21,662
20,590
910,093
955,187
4,106
5,317
34,885
28,249
140.186 119,5-26
911,163
833,444
Hous.&Tex.Cen August
288,940 2 9,029 1,669,760 1,395,121
Hume8t'ni.V8lien;Octobcr. ..
18.500
124,-205
16,801
122,305
tll.Cen.dll.itSo. October. .. 1,420,376 1,166,046 11,358,448 9,487,327
OedarF.AMin. October. ..
10,835
9,456
78,529
77,483
flub. &Sio'xC. October. ..
221.657 207,171 1,428,534' 1,434,089
Iowa lines
October.
232,492 216,626 1,.506,0 17 1,512.615
Total all ... October.
1,652,868 1,382,672 12,864,165 10,999,941
Ind.Dec.iS: West. October. ..
40.2,57
37,255
319.006
320, 160
Int. & Gt. Nor.
July
253,740 210,149 1,777,710 1,565.806
luteroceanlc. .. October. ..
87,089
09,952
Iowa Central... 'iilwkNov.
3&,S-i5
31,914 1,295,476 1,191.3-24
Iron Railway. jOctober.
3,211
4,404
51,491
34,667
J'ks'nv.T.A K. W August26,213
16,416
341.337
320,855
Kanawha* Ohio; 2d wk Nov.
6,109
5,084
243,577
236,971
K.C.F.S. & Mem. 1st wk Nov
86,434
76,751 3,991,852 3,576,516
Kan.C. C'I..fcSp. IstwkNov
5,0o9
4,0 50
2'26,149
231.121
K.C.Mem. iBir. 4th wk Oct
35,153
32,010
K.C. Wv. &N.W October.
41,100
30,731
34.5,976
231,315
Kentucky Cent. October.
115,145 108.600
873,373 « 859.095
Keokuk* West. 2d wkNov.
7,-253
7,305
293,225
286.786
Kmgst'n & Pem. IstwkNov
2,559
3,377
156.412
169,806
Knoxv. & Ohio. Septemb'r.
51,446
44,671
361,794
424,279
L. Erie All. & So October.
6,512
50.038
7,748
51,182
L.ErieA West.. 2(1 WkNov.
47,811
41,362 2,177,982 1,868,363
Lehigh i lliid.. October.
23,099
22", 865
22,769
209.470
L. Rock & Mem
16,2611
st wk Nov
15,566
566.330
499.406
Long 1 stand
291,106 287,006 3,007,496 2,958,411
October.
La. & Mo. River. August. . .,
49,978
46,968
292.294
283.482
Louis.Ev.& St.L. 2d wk Nov,
20,972
20,638
917.865
890,961
Louisv.i'Nashv. 2d wkNov. 381,615 308,475 15,501.372 13,850,749
Louis. N. A & Ch. 2(1 wk Nov
47,030
37,825 2,139,297 1,978,993
Loujsv.N.O. .feT.i2d WkNov.
84,836
65,412 2,365,006 1.939,679
Lou. St.L.it Tex.October.
38,146
Louis v. South'n. October.
37,663
25,892
Memphis <S: Chas 1 st wk Nov
41,158
30.620 1,418.380 1,-278.463
(Moxjcan Cent... 2d wkNov. 137,879 106,496 5,365,292 4,!;93,458
{Mex. National -October.
308,310 213,644 3,027.476 1,912,582
tMexican K'wav Wk Nov.
84.668 102,148 3,536.728 3,220.389
Mil.L.Sb. * West 2d WkNov.
70.458
60,790 3,066.590 2,516,460
Milwaukee & No:2d wk Nov.
26,400
21,481 1,055,751
939,060
Mineral Range. October,
10,072
81,762
9,928
90,708
Mlnneap. ArSt.I-.IOctober. ..
184,213
143.340 1,168,830 1,103.533
M.St.P. it S.S.M. October. ..
215.810 150,353 1,260,438
869,063
Mo. Kan. & Tex. October.
864,435 601,254 6,032,654 5,188,981
Mobile & Ohio
291.692 261,641 2,438,553 2,016.339
October.
Montana Union. Septemb'r.
67.252
582,941
69,132
543,782
Nash.Ch.&St.L. October. .. 309,511 282,621 2,902,471 2,578.584
N. Jersey &N.Y. August
26,031
154,906
24,687
157,031
New Orl. & Gulf October. ..
20,778
125,402
15,189
139,026
N. Y. C. & H. R. October.
3.436.316 3.175,791; 29,961,66-2 29,288,491
N. Y. L. E. & W. August
2,778.708 2,440,766 17.513.730 17,666,146
N. Y. Pa. & Ohio August
661,296 577,493 4.155.064 4,094,994
N. Y. & N. Eug Septemb'r,
518,924 501,128 4,147,543 3,9-24,202
N. Y. &North'u-'October
474,769
54,178
48.302
509,7.8
N. Y.Ont. & W.. -2d WkNov.
36,041
29,152 1,614,.588 1,495,263
N.Y. Susq. <k W.. ISeptemb'r. 123,274 130,445 1,010,371 1,059,424
Norfolk & West- 2a wk Nov.
135,062 111,622 4,788,770 4.255.534
N'theast'n (S. C.) Iseptemb'r.
449,685
42,444
39,503
442,764
North'n Central. Soptemb'r. 563,555 566,205 4,410,746 4,628,897
Northern Pacilic 2ii wkNov. 523,921 452,313 19,013,441 15,604,216
Ohio Ind. & W.. October. ..
137,892 152,601
Ohio & Miss
2d WkNov.
95,488
74,858 3,566,304 3.321.324
Ohio & Northw.. October.
22,400
157,399
19,040
179,297
9,^268
7,044
Col. & Maysv. October. ..
1,005
688
404,296
Ohio River
15,100
509.455
2d wkNov.
10,585
457,730
Ohio Southern.. October. ..
57,031
55,999
427,653
110,673
OLlo Val. of Ky. IstwkNov
3,773
2,455
135,776
300,222
Omaha & St. L.. Septemb'r.
44,762
40,081
360,802
Oregon Imp. Co. Septemb'r. 366,701 405,196 3,180,813 3,704,097
Oreg. R. itN. Co. Septemb'r
587,293 623,089 4,367,462 4,507,271
Ore.S.L.&Ut.N. Septemb'r
610,422 512,386 4,746,824 4,074,531
Pennsylvania .- Septemb'r. 5,128,733 5,285,427 44,668,609 43,356,983
607,296
12,1441
11,385
Peoria Dec. *Ey. 2d wkNov.
624,727
315,848
Petersburg
Septemb'r.
33,955
25,310
357,567
Phlla. & Erie.-- Septemb'r.
483,3961 447,032 3,415,020 3,262,518
Phila. &Reiul'g. Septemb'r, 1,801,9561,832,696 14,350,539 14,281,-239
931,982
Plttsb. & West'u Septemb'r.
118,082 114.545 1,045,730
346,312
Pltts.Clev.&T. Septemb'r.
34,672
42,959
370,298
191.263
Pltts.Pain.&F. Septemb'r.
19,032
28.088
218,774
Total systeiui2d wicNov.
37,371
41.722 1,897.309 1,749,395
235,914
Pt. Royal * Aug. Septemb'r.
28,813
17,325
225,098
'2-20,679
Pt.Roy.& W.Cai-. Septemb'r.
22,430
17,260
241,867
84.715
Pres.iVAriz.Ceu. October.
1 l,099i
10,944
105,179
cE.it Dan. Sys'm 2d wkNov
299,9501 263,025 0,865,246 8.740,685
195,090
25,5411
18.719
219,737
Rich, ife Petersb. Septomb'r.
27,t>50l
Rio Gr. West.
2d wkNov.
33,175 1,285,041 1,149^72
7,500'
4,864
Rome & Decatur October.
Rome W. & Ogd. Septemb'r, 332,822: 3-24, 12il 2.607,513 2,477*55
98-2.365
21.160
29,89^ 1,015,251
St. Jos. it G. Isl. 2d wk Nov
798,490
St.L.A.&T.H.B's -Jd WkNov.
20,280
945,329
27,120
lOl.OOOl
St.L. Ark. itTex. •2d wkNov.
78,700 3,161,826 2,553,037
13,076
St.L.DesM.itN. October.
3,715
5,298
50,369
St L.* San Fran. 2d wk Nov.
125,287 128,970 5,166.666 4,948.629
St, Paul it Dul'tb October. ..
178,680 169,995 1,072,440 1,317,842
8t P..Mln.& Man. October. .. l,240,153i 972,672 6,881.488 7,483,318
136,466'
East, of Miun. 'October. ..
26,364
Sloutaua Cent. October.
51,381
81,875
853,646
S.Ant.&Ar.Pass. 2d wkNov.
.50.552
23,173 1,185,715,
8. Fran.&N.Pac.'lstwkNov
15,757
14,948
87,855
8av. Am. it Mon. October.
23,054
17,585
158,630
500,457
Scioto Valley. .-ISeptemb'r.
72,836
476,0171
59,678
Seattle L. 6. itE. 2d wkNov.
6,'114
3,313
'243,907
696,169
Shenandoah ValOctober. ..
75,757
779,773
98,000
869,180
South Carolina .Septemb'r
953,3971
131,885 100,888
So. Pacidc Co.—
Gal.Ilai-.itS.A.'Septemb'r.
4-24,377
320,495 2,830,929 2,746,460
690.213
Louis'a West. Septemb'r.
773,434
100,113
83,298
Morgan's Lit r. 'Septemb'r. 463,584 388,908 3,582,569 3,519.987
96.105
117,119
N. Y. T. & Mex. Kcptemb'r.
18,442
23,990
Tex. & N. Orl. ISeptemb'r.
152.092
125.590] 1.-202.817 l,036.-279
8.089.041
936,733 H,.506,869
Atlantic sys'm Sept«ujb'r, 1.164,155
Pacific systemlseptemb'r. 3,228,614 3,138,0881-25,399,934 25,933,414
Total of all Septemb'r. 4,392,769 4,074,821 33,906,802 34,022,455
.
Latest
Jan.
Roads.
AND
gailfoad
XlIX
[Vol.
to Latest Dnie.
UOADS
.
1
1
;
.
I
.
.
.
. .
.
.
.
. .
I
.
1
1
.
Werknr Mo
1889.
1889.
1888.
1888.
I
1
»
206,340
d,725
9,617
11,633
AllcKlienj- Val- 8ept«mb'r
S. L. Sept«mb'r.
Anuap.& B.
Anuistoii
&
All. October.
Anniston & Cin
A8liv.& Spartau.
Atcb. T. .fe s. Fe.
8t.L.K.C.&Ool.
GiUf.Col.iS.J
South'nCalifor
Total systemt.
Atlanta & Char.
Atlanta <S: W.Pt
Atl. & Danville.
Atlantic ,v Pac.
.
October.
October.
..
-
11,211
.
wk Nov
IstwkNov
IstwkNov
1st wk Nov
426,095
1st
1,042
8'2,«26
30,540
568,631
8ept«mb'r.
134,105
October...
64.852
37,100
October. ..
2(1 wk Nov.
58,396
B.&O.EastLinef October. .. 1; 728,588
Western Lines October.
495,661
1st wk
Nov
.
Total
October. ..
Bait. iV PoiomM Septemb'r.
Beecti Creek
Septemb'r.
Bir.Selma&N.O. October. ..
Brooklyn Elev.. Septemb'r.
2, ,224,249
144,327
70,7.=:9
3,756
121,5 11
37,867
76,829
44,564
Bull. RocU. A I'll I 2d wk Nov.
Camden <t All.. Septemb'r.
Canada Atlantic Septemb'r.
Canadian Pacitlc adwkNov.
Op.F'r&Yad.Val October. ..
374,000
4(1.435
Cent. Br. U. P.. Septemb'r.
90,600
Cen.KK.&Bg.Co Septemb'r. 852,064
Central of N. J.. Septemb'r. 1 ,186,281
Central Pacific. 8ept«nib'r. 1,,546,598
Central of 8. C. Septemb'r.
8,864
Charlest'u & 8av Septemb'r.
42,181
Char.Col. &AuK. October. ..
91,475
Chat.E'me&Col. October. ..
30,500
Cheraw. «te Darl Septemb'r.
9,514
.
dChes. & Ohio .. Octolier. ..
dies. O. & 8. W. October. ..
Cnes. & I/cnoir Septemb'r.
Chic. & Atlantic, 'idwk Nov.
Chic. Burl. & No Septemb'r.
Chic. Burl. & Q. Septemb'r.
Lines conlr'l'u Septemb'r.
Chlc.& East.lll. adwkNov.
Chic. Mil. &St.P. 2dwk Nov.
Chic. &N'thw'n. October. ..
Chic. & Oh. Riv October. ..
ChicPeo.&St.L. Septemb'r.
Chic.StL.&Pitt. October.
Chlc.St.P.&K.C. 4th wk Oct
Chl0.8t.P.M.&O. Septemb'r.
Chic. & W. Mich 2d wk Nov.
Cln. Ga. & Porta. October.
Cln. Jack. & Mai- 2d wk Nov.
Cln. N. O. & T. P. 1 St wk No V
Ala. Gt. South 1st wk Nov
619,000
210,064
6,449
53,355
158,334
.
,195,224
659,955
60,920
648.000
,979,806
7,202
37,129
650,'23O
.
Cin.Rich.iFt.W 2dwkNov.
Cin. Sel. & Mob. October. ..
Ciu.Wab.&Mich. October. ..
Cin.Wasli.&Balt 2'lwkNov.
122,783
588,597
26,185
6,742
12,303
79,641
38,065
20,676
13,787
14,425
166,594
7,831
11,472
50,247
44,363
Clev.Akrou.^Col 1st wk Nov
Ciev. & C'auton.. October.
ea.Cin.Ch.&S.l. 2dwkNov.
Ciev. & Marietta October. ..
Color. Midland.. 2(1 wk Nov.
Col. & Greenv .. October. ..
Col. & Cin. Mid.. 2d wk Nov.
Col.Hock.V.iiT. October. ..
CovinK.A.Mac'n. October. ..
Day.Ft.W.&Ch.. October. ..
Denv. <fe Rio Gr. '^dw-kNov.
44,000
230,801
24,280
28,560
87,750
7,905
241.946
17,425
48,820
1 65,000
.
.
.
N.
on.
Ala.
&
&N. E.
Vicksb.
IstwkNov
IstwkNov
Vicks. 8h. & P. 1st
Erlantfcr Svst 1 st
wkNov
wk Nov
.
15,462
.
Den. Leadv.(feG.*epteml)'r.
Den.Tcx.iVF.W. October. ..
Det. Bay C. & A p 2d wk No v.
Det.Lans'j; & No '2d wk Nov.
Duluth S.S..& All '2d wk Nov.
I
10.5,197
282.870
7,585
23,192
30.590
141,995
69,409
6,327
20,924
570,072
44,585
25,547
1
E.Tenn. Va..\tOa. 1 st wk Nov
Ellz.Lox.(feB.8... Septemb'r.
Evans.&lud'piis 2d WkNov.
Evanav. &
Fitchburg
T.
H.i2dwkNov.
ISeptemb'r.
Flint. & P. Marq. 'id wk Nov.
Flor. Ceiit.(S: P.. IstwkNov
FUW.Cin.
&.L.. Septemb'r.
October.
October. ..
Qeorgia Paciho.
Geo. So. (S: Fla..
Gr. Rap. Si Ind.
Other lines ...
Grand Trunk. ..
.
31, .590
.
I2d
1
wkNov.
2d wk Nov.
Wk
Nov.
j
9'
157,541
40,648
41.789
4,146
420,691
188,021 1,725,909 1,515,685
4,439
9,907
79,217
75,329
5.562
93.883
11,759
100,210
96,915
392,175 17,202,017
696
53,470
84,758 3,267,071 2,622,46636,407 1,480,400
549,393 23,238,801 21,878,349
1 4,971 1,072,397
934,888
49,907
3i9,032
365,874
23,059
68,634 2,309,932 2,486,721
,377,481 14,156,228 12,899,288
476,060 4,1-20,530 3,891,69.5
,853,541 18.308,419 16,790.983
133,976 1,192,161 1,140.500
67,768
582,112
686,397
3,128
18,694
17,199
75,563
"27,998
43,078 1,691,538
75,446
613,197
582.689
43,254
360,222
352,066
313,000 13,017,185 11.;339,l-.'9
35,a88
323,573
267,839
85,316
566,776
61/7.059
646,361 5,432,298
943.846
709,82.i
,328,212 9,908,315
,438,173 11,669,789
,610,'295
8,585
72,862
74,269
33,1'25
440,349
406,082
104.411
720,687
730,488
15,168
220,682
6,2-24
'53!992
59,930
476,000 5,014,775
,257,504
204,997 1.737,753
636,674
6,064
53,234
57,082
43,542 1,962,872
963,575
195,792 1,415,133
355,t)39
,475,144 19,126,957
588,312
562,833 5,308,711
117,906
58,990 2,285,296
341,933
625,189 22,113,-203
240,574
1,972,265 21,488.863
608,923
6.635
61,251
49,390
28,686
269,786
229,688
591,968 4,815,196
,470,826
95,431 2,714,650
.945,753
650,8<12 4,411,442
601,-205
26,202 1,198,737
,239,452
6,886
54,123
54,812
10,095
535,711
469,408
62,958 3,259.829
,067,361
32,182 1,562,137
,269,712
19,009
845.828
702.27-i
10,963
481,885
377,045
18,216
488,700
444.219
143,32-* 6,638,379
,860,611
387,l>28
7,171
354,807
14,401
81,109
91,49.1
50,100
441,955
409,31
36,030 1,83 -M87|
7811,246
12,236
636,5681
£83,821
37.695
362,301
321,60:)
203,529 10,368,705
,642.730
27,189
207,250
227,876
28.257 1,409,914
163,857
75,719
590,945
495,974
6,153
300,539
311,964
305,574 2,024,608
419,833
6,714
85,757
37,214
44,272
410,107
354,714
146,500 6,861,091
679,76(i
105,711
700,602
831,264
246,842 1,970,681
533,360
8.150
439,858
411,227
20,863;
978,519
895,956
28,017 1,596,,870
•290,253
116,139 5,288,578 i,,716,796
94,785
606,116
738,5<.)7
4,78 J
202.950
217.616
15,518
776,602
749,921
576.452 4,304,520 4,,054.483
42,387 2,055,8«6 2,,087,360
15,104
927.145!
796,618
•228,231
25,748
199,996
114,414 1,136,288 1,,048,130
7,501
253.037
39,767 2,014,780 1,,969,s7S
3,833
177,226
177.381
399,318 17,129,761 16, 020,523
1
i
.
.
;
.
.
. .
.
I
.
.
'
I
-
.
.
.
.
,
.
So. Pac.
KR.—
.
I
No. Div. (Cal.; Septemb'r.
So. Div. (Cal.) Septemb'r.
Arizona Div.. Septemb'r.
New Mex. Div. Septemb'r.
Spar. Un. it Col. Septemb'r.
Stateu 1. Rap. T.i October. ..
Summit Branch. October. ..
Lykeus Valley October.
.
219,108
516,419
149,076
75,340j
10,720
63,'265
131.4^25
125,773
210,830
553.162
146,074
69,723
7,643
60,965
131,878
95,953
1,627,634
4.571,900
1.354,126
705,215
84,209
822,013
997,941
741,958
1,523.906
4,995.972
1,594,141
756,123
71,624
804,098
1,221,833
845,540
.
.
.
NovfMBEit
33,
.
.
.
.
Jfeekor "(
.fe
A A
*
Vlrginiii Midl'd".
oWftlia-'li
West.
Westccn of Ala.
West. N.Y. & Pa.
Weet. N. OarTa.
Wasl).().\'
West
J(!rs(!v
W.V.Ceii.Arilts.
WheeliuR .fe L.E.
Wil. Col.'& Aiij;.
WiRcnn.siii
Cent
.
WriKlitsv.it Ten.
30.773
8.TJ()
17.(il5
24,31.')
993,.5
'3,.523
1 to
ZMett DaU
1889.
$
fi,212
Tol.&OliloCVut. 2dwkNov.
To;. At O.Ccu.Ex. October. ..
Tol. 1'. ti West.. 2(1 wk Nov.
Tol. St. I-. A K.C. 2(1 wk Nov.
Union Pui'iflc... Septemb'r.
Jan.
1888.
166,196
20,639
t;iD..'2(lHkN()V
Total 9y«t(Mnl.
Valley of Oliio..
Vermont Valley
lUporiea.
188».
PaclUe j2dwkNov.]
.fe M. M
2(1 wk Nov.
Tol. Col.
$
I
7,837i
16,300;
14,4(15
I
5
5,355.906
572,79H
160,171
1,011,6H:i
7i..yfj
98,690
800,425
902,432
77(i,r,(i:i
478.1171
2,740,397,22,072,898 21,i)3.H'f.|
Sc]itemb'r.'3,81 8,524 3,011,617!28,16S;725
28;215;2.V2
October. ..
61,000
63,000
535,655
516;(i:i;
^ciileiQiyr.!
20,057
17,171
143,168
136,911
October.
210.81.")
183,356 1,773,316 1,521,800
2dwkNov.l 268,.^97 236,582 11,255,228 10,671,750
October.
13,963
11,484
106,598
101.178
October. ..
01,221
46,430
434,509
363,466
2(1 wk Nov.
67,000
65,300 3,007,674 2,778.252
October.
70,298'
69,690
72;l,788|
533,689
Hcptcinb'r.
138,400 140,856 1,203,940] 1.211,766
Or'tober
70,i4-|j
70,337
620,071
540.337
2d wkNov.
19.358
16,711
785,9591
762,762
Heptcmb'r.
75,611
56,028
617,783
548,0111
2(1 wk Nov.
96.147
81,678 3.658.411 3,370,636
October. ..
8,460l
7,996
66,3071
.
.
.
is
lield.
t
MexJoan
eiir
Wabash E'way now inclnded.
b Inolndos the MemuUls
111 1889.
c EarnmKS of entire system, includiue all roiul oner-
ated. <i Riclnuond & .Ule.Lrheuy iu':!udcd iu both years. / lucludes
Fort
Worth .t U. C. for first three mouths in both years.
e For the first six
luGuths includes combined earnings of the old C. C. C. <& Ind. Cln Ind
St. L. & C. and Cairo Vin. & Chic.
liBtest UrosH Kaiiiiiigs by Weeks.— The latest weekly earnings in the foregoing table are separately summed up as follows
The cliaracter of the returns of eiroings continues the same
as heretofore, and for the second week of November the gain
over last year en the 04 roads included in the statement
cent.
2dir-i'k"t \n(einhi'V
1889.
A
Atlantic
Pacific
Btittalo Roch. & Pitts
Cauadlciu Pacific
Chicago
ChicaKo
ik .\tlaiitic
&
Kast. Illinois..
Chica;;o .Mil. iV- St. Paul..
Chieaico A:. v,'(;,st .Micbij^an.
Cincinnati Ricli. & Ft. W.
Cincinnati Wash. & Bait.
Cleve. Cin. Chic. A- St. L
.
Colorado Midland
Midland
Denver it Rio Grande
Detroit Bay C. & Alpcua.
Detroit Lans. &. North
Dulutb S. S. it Atlantic...
Evansvillc k Inrtianajp...
Evansville & Terre H. ...
Flint it Perc Mar(inette..
Uraud Rapids & Indiana.
Other lines
Col. it Cin.
Iowa Central
Kanawha
<t
Ohio
Keokuk & Western
Lake Erie <t Western
Louisv. Evausv. A- St. L.
Louisville <t Nashville.
Louisv. N. Alb. &. Chic .
Louisville N. O. & Texas.
Mexican Central
Milwaukee L. 8h. & W est.
.
Milwaukee & Northern..
New York Out. it West...
Norfolk it Western
Northern Pacific
Ohio A- Mississippi
Ohio River
Peoria Decatur A-Evansv.
PittsburK "t Western. ...
Rich. A: Dauv. (8 ro,i(ls).Eio Grande W^estern
St. Jos(^ph & Gr. Island..
St. L. Alt. AT. H. Brches.
St. Louis Ark.
Tcxa.= . .
St. Louis <t San Francisco.
&
San Antonio
At Ar. Pass..
Seattle L. 8. Ai Eastern
Texa.s i Pacific
.
Toledo Ann.A.A- No. Mich.
Toledo Col. & Cincinnati.
Toledo At Ohio Central...
Toledo Peoria <fe Western.
Toledo St. L. & Kan. City.
Wabash
1888.
58,396
37,867
374,000
53,355
60,920
648,000
26.185
7,831
44,363
230,801
68,634
43,078
3 1 3,000
43,542
58.990
625.189
26,202
7,171
36.030
203,529
28,257
28,560;
7,905,
165,000J
7,58 J
23,192|
30,.590!
6,327
20,924!
44,585
41,789
4,146
38.825
6,109
7,253
47,811
20,972
381,6151
47,0301
84,6361
137,879
70,458
26,400
36,041
135,0621
523,921
95,488
15,100
12.144
37.371!
299,950}
27,650
24.160
27,120
101,000
125,287
50,552
(,114
166,lb6
20.639
6,242;
30,773
17,615
24,515
268,597
67.000
19,358
96,147
(consol. system).
Western N. Y. & Penn...
Wheeling & Lake Erie...
W'isconsin Central
Total (64 roads)
i
p.
liirrrnn'.
146,500
8,150
20,863
28.017
4,782
15,518
42,387
]
Dernatt.
10,238
5,211
61.000
9,813
1,930
22,811
17
"boo
8,S33
27,272
303
1,752
18,500
6,153;
39,767,
3,833
313
31,914'
6,911
1,025
5,084
7,305
41,362
20,638
308,475
37,825
65,412
106,496
60,790
21,481
29,152
111,622
452,313
74,858
10,585
11,385
41,722
263.025
33,175
29,897,
20,280,
78,700l
128,970
23,173
3,313
150,561
14,512
3,928
28,113
16,300
14,465
236,582
65,300
16,711
81,678
<
Keek if Sutember.
I
1
Prev'ly report'd (68 roads)
188?.
1889.
$
$
5.066,315 4,416,169
:;92,175
426,095,
St L.K. C.ACol
1.012
696
Gulf Col. At Santa Fe...
8-;,826
81,758
California Houlliern
36,407
30.540
Cin. N.O. At T. P. (5 roads).
113,328
166,594
Cleveland Akron Ac Col..
15.462'
12,236
Ea«tTcnncss(!e Va.&Ga;
116.139
141.9951
'Grand Trunk of Canada.'
399,318
426.691
74.606
62.438
•ChicMKO At Gr. Trunk..
21,662!
20.590
•Detroit Gr. H. &. Mil..
At.
ToiMt
8.F.
A- I'd
Sau Fraa.
roads
1
At
Mem
At
•
I
8pr
Memrhls
A No.
86.434
5,069
2.509
I
16.2(11
PaelHc...!
Total (87 roads)..
N((t^lucn'aso (13-43 p. c).
14,948|
i"
Jnereate.
Dtertmtt.
6,579,090
^
&
Atlantic
Danville. Gross.
Net...
Buit. Boch. <Sc Pitts. .Gross.
Net...
Chic. St. P. & K. C*. Gross.
Net...
.Tuly 1 to Sept. 30, ) Oro.os.
3 mouths
S Net.
36,015
16,560
153.467
68,754
376,828
•79,273
Jacks'n&Mack.Gi-oss.
58,554
16,122
250.000
102,000
189,122
69,857
39,642
12,852
30.950
2,243
108,587
47,169
145,048
50,598
63,10ft
Net...
Donv. Texas & Ft.W.Oro88.
Net...
.Gross.
Net...
Ind. Dec. At West
Gross.
Net...
Keokuk At Western. .Gross.
Net...
Louisv. Ev. At St. L.. Gross.
Net...
MInu. <&St Louis
Gross.
Net...
.Inly 1 to Sept. 30, > Gross.
3 months
sNet...
Minn. 8t.P. At S. 8. M. Gross.
Net...
Borne Wat. At Ogd. . . .Gross.
Net...
Oct. 1 to Sept. 30, > Gross.
& Pere Marq.
Flint
St. L. At
.
Net.
s
Net...
No. Pac. Gross.
Net...
&
Gross.
Net...
Cin. . . .Gross.
ToLAc O.Cent. Ext en Gross
.
&
3.32,822
138,849
.
San Francis. Gross.
At
174,814
86,041
Net...
West.. Gross.
Net...
582,531
281,082
80.118
32,168
59,678
22,153
23,273
12.109
7,926
3,639
93.076
29,000
^Jan
1 /o Sept. 30.~>
1880.
$
1888.
A
9
20..509
8,203
168,962
76,760
1.451,470
428,207
l,4:i7.962
251,200
•68,147
2,320,0i;6
*57'-,049
1,671.606
•206,461
6.55,620
67,189
15,450
993,570
279,254
419,800
88,130
1.764.118
1,798.837
553,519
279,843
553,149
281,751
242,911
5.599
756.557
2.32,328
343,026
114.236
304,665
57,318
18." ,776
34,470
182,504
63.224
45,172
21,310
32,640
2,923
106,059
39,790
128,957
32,718
10,906
738,814
984,617
223,996
393,237
125,073
960,193
210,348
344,772
102,776
117,.341 1,044,.598
718.710
25,098
304,112
fO,087
324,129 2.607.513 2.477,166
159,385 1,051,951 1,04" 567
3,488.461 3.338,468
1,451.298 1,445.613
577,800 4,2.50.019 4,090,086
295,538 1.855.179 1,683.618
68,767
21,061
72.836
476.017
500,457
32,456
136,686
107,078
16,141
182,473
133,894
6,601
7,641
3,594
93.295
27,481
90,494
44,641
673.876
162,504
63.698
27,211
646,516
126,637
105,711
700.602
831,264
def.298 dcf.98,(:67 def.35,628
110.601 124,880
866.790
706,788
283.067
47,522
41.719
228.408
90.6(X)
566.776
85,316
657.050
128,515
32,957
27.017
64,041
513.782
69,132
582,041
07,252
116.424
7.273 df.105.651
3,815
294.799
315,810
37,934
36.506
2.509 def .70.395
21,934
244
3.818,524 3,611,617 28,168.725 28,21,5.252
1,617,163 1,412,174 10,566,463 10,316,011
105,197
Net... def.8,230
St. Jo.
& G'd
Isl'd. Gross.
Net...
Cent. Br. &ls'd
ll's.
Montana Union
4,351
Gross.
Net...
Gross
Net...
Hir'dsJ'ntlvown'dt.Gross.
Net...
Tot'lU.P.sysfm. Gross.
Net...
3,683
$
Tiontfi*.
Det.
27,379
Bay
City
At
Alp. Gross.
Net...
2,801
15,632
6.127
2,314
2.660
1.315
10,050
32,015
1,700
2,647
14,469
Nash. Chatt.
& St.
L.Gross
Net...
Gross.
4 months
S Net. ..
Sau Aut. At Ar. Pass. Gross.
Net...
Staten Island K T. .Gross.
Jnly
1 ito
Oct. 31,
Summit Branch
Lykens
V^alley
Tenn. Coal &
Net...
Gross.
Net...
Gross
Net...
Iron Co. Net. .
$
53,679
1,932
5,867
177,870
81,820
03,265
13.456
131,425
27.613
125,773
22,435
77,000
99,384
30.886
60,965
8,935
131,878
28,546
95.953
51494
56,000
9 months.
-Oelober.
1889.
1888.
$
Car... Gross.
510.051
230,454
183.356
78,165
104.411
42,351
75,719
37,289
69.690
Net...
Wasli. Ohio At West.Gross.
Net...
19.671
13,965
4,217
19,531
11,484
2,417
Columbia At Grccn.Gross.
Net...
.
424.614
193.620
2,902,171
1,176.784
1,237.570
395,122
146,171
2,578.584
1,0,57,026
1,088.,568
510.389
4.54,813
807,873
1,088,616
430.967
256.507
804,098
822.013
274,831
273,389
997,941 1,221,833
184,038
65,640
741,958
845,540
def. 21,423 def. 16,287
558.300
563,400
493,800
502.6W1
Tula 1
1889.
('.
OfL 31
1888.
—
*
521,599
234.858
210,815
80,788
91,475
35,199
87.750
37.256
76.298
Danville. ..Gross.
Net...
Vireluia Midland.. Gross.
Net...
Char. Col. <fc Aug. .Gross.
Net...
At
Western No.
**
38,488
13,724
282,621
1 17,846
Feb. 1 to Oct. 31.jNet...
Bnad.
Rich. At Dan. svstem—
Dtertii-
37,066
14,458
309.511
129,137
31 -^
1888.
1 in Oel.
1889.
$
(
.
35,379
—Jrn.
- October 1888.
1889.
6,840
22,300
23,266
3,226
25,856
27,373
12,168
1,072
,
.
Cin.
.
5,525
5.737
'
842.149
9.
Seplember.
1889.
1888.
Union PacificDen. Lead v. At Gun Gross
36,925
*
703.825
33,920
346
5,800,085
does not con-espond with the calendar year.
Tol. Peoria
759
llimugt.
818
'809
hitest monihsand the totals from January
1, and abo the
totals for the fiscal year on thost; comp niee whoae
flucal yeer
"6',4'49
644,233
608,854
695
779.044!
Net...
334
719
I5.506<
15,767|
Net Kornlntrs .\Ionthly to Latent l»«t*fc-The table* following show the net earnings reported thia week, the
retunu for
each road being published here as soon as received, but
not
kept standing from week to weak. The flgure* cover
the
Toledo Col.
73,140
9.205
19,424
31,383
9,668
4,919
6,889
23,440
71,608
20,630
4,515
9,083
4.3.50
.1,877
I
For week endluK November
•
Scioto Valley
52
'
1888.
9
Pembrote!!'.
A:
Koek
I.lttlo
Rich.
1
C. I't. 8.
C. Cl. S^
KIOKHton
San Fran.
For tlie first week of November we have had altogether
returns from 87 roads, and the aggregate for these shows 13'43
per cent gain over last yeai
l»t
KanRQH
Kansas
12 months
565
"'2,329
2.573
1,545
5,406
2,198
2,022
5,025,551; 4,416,697
Net Increase (13'7S
1889.
Fnnili*.
.•
\>ex
wt»k of ITovember.
1«<
'
ami)Unts to 13'78
68T
1888.
150,5641 5,618,1,33
14.512
824,805
3,928
219,862
28,113 1,074,910
tlucludiug lines Inwliicli half ownership
reucy.
division
.. .
..
.
.
1
THE CHRONICLE
Btmmgi
Roads.
Texas
1
I
18b«.J
tMtai
Tol.
1
«
1,742.152
1.536,330
707,.530
617,419
685,056
271,215
305,655
105,030
204.104
61.549
231,012
41,037
51,507
20,1S«
816.583
332.860
307,141
103.950
250.670
73.187
284.010
59,087
86,222
19,252
—
THE CHRONICLE.
688
-October.
.
1889.
1888.
$
,-July 1
18b9,
S
Jtoadt.
to Out. 31.-.
1888,
9
$
AghevlUe&
40,278
11,211
11,759
45,413
Spar.. Gross.
16,402
568
2,153
2,821
Net...
448,332
157.541 114.414
510,421
Gross.
Qeorgla Pacific
22,010
110,203
Net...
32,811
76,405
Gross. 1,170,654 1,080,884 4,012,611 3,.509,177
Total system
Net..
465,368 434,369 1,373,091 1,243,033
.
Augvst.
—Jan. I to Aua. 31.188«.
1889.
1889.
1S88.
9
Road.
$
$
S
Hous. & Texas Cent. Gross. 288,940 219,029 1,669,760 1,395.121
312,863aef.ll2,01):i
69,829
56,116
Net...
August
^July 1 to Ji(i7. 31.1888.
1889.
1888.
1889.
.
,
Koad.
$
WheeUng & Lake E. Gross.
Net...
1
$
72,793
27,112
82,302
36,683
Taxes are deducted for the month
1ncludes Montana Union.
of
$
153,792
59,968
$
141,772
50,417
Baltimore
The
:
.
UalnStem
etc
$10,616,692 $4,177,046 $10,452,472 $3,801,107
..
..,
„
Washins.'ton Branch...
386,701
304.419
457,709
357,651
""
ParkcisbursrBrauch...
Central Olilo Division.
l,199,2f 2
Latie Eric Division..
Chicairo Division
Plttsbui g Division
..
1.088,(96
2,189,417
2,544,968
WheclinxandPilt. Div.
530,370
925,125
241,461
631,379
m
:
;
Construction and betterments for the fiscal year amounted to
These have been cha^'ged to capital account. The
expenditures for this account for the preceding fiscal year
amounted to $3,943,367. This sum of $1,529,101 is made up as
follows
For the main stem, $345,392 for the lines east of
Baltimore, $881,425 for the Pittsburg division, $237,036 for
iJie Trans-Ohio divisions, $65,846
total, $1,529,101.
At the close of the fiscal year of 1888 there was charged to
profit and lo.ss for " depreciation of equipment, including engines and cars condemned and destroyed, the sum of §1,000,OOO, which was stated to be an approximate estimate of the
depreciation. This valuation has since been completed, and
the further sum of $607,617 toSspt. 30, 1889, has been charged
:
;
;
;
;
to profit and loss.
Uui-ing the past year an an-angement
was made with the
Finance Company of Pennsylvania for a five per cent car trust
loan of $1,000,000. Of this sum there has been expended
$667,835 for 40 engines and 338 passenger, freight and postal
cars, which were put into service toward the close of the fiscal
year, leaving in th'te hands of the Finance Company §332,164
of this loan yet to be expended for acquiring similar eqiiii)ment. The terms of the car trust require tiie payment ol onetenth of the principal annually on the first of April of each
year, commencing with April 1, 1890.
The company has maintained its cash investments through
the year to the sinking funds connected with its sterling loan
&
due in 1937 and the P.
C. consolidated mortgage loan due
in 1926. These two sinking funds now amount to $893.:JSi).
The investnuents for approuriations and increments of the
main line sinking funds, in pursuance of the agreemaut to
that effect, have been made in the consolidated mortgage five
per cent one hundred year bonds of this company, and now
amount to $1,983,000 in these bonds, in addition to $7,576,944
of other fir3t-cla.«s interest-bearing bonds.
Large expenditures have been made for construction, for
loans made to connecting lines and for investments in associate interests, and the floating debt has increased $407,060.
The Board of Directors recommend the stockholders to give
authority to indorse $700,000 of the first mortgage five ))L'r
cent bonds of the Monongahela River Railroad Company— the
line recently constructed through the valuable coal fields lying
between the main line at Fairmont and the Parkersburg
Branch at Clarksburg, to each of which lines the Monongahela
River Railroad will be a valuable feeder.
The Johnston lino of steamships, plying between the company's wharves at Locust Point, Baltimore, and Liverpool has
been increased during the past year by three first-class steamers.
The line, as tints increased, gives a weekly steamer between Baltimore and Liverpool, and a steamer twice a month
between Baltimore and London.
EAKKINGS AND
Earnings from-
Total earnings
fol-
'
1887-8.
18S8-9.
$6,l.'i2,930
1,206,960
$6,492,157
1,265,861
Total
$7,359,891
Deluot net eamlugs W'asUngton Branch
304,419
$7,758,018
357,651
Net earuines from operations
Add lacome from other sources
Available income
$7,055,471
$7,400,367
$6,246,553
$6,208,562
taxes and
6
$180,000
6
120,000
3C 0,000
300,000
$6,546,553
$308,918
$6,503,562
$391,805
$250,009
$230,000
40,000
56.987
37.500
40.000
56.987
25,500
$3-4,437
$372,487
$124,431
.$519,318
;
$1,529,101.
Pa*>engers
Mail
Express
Mi«cellaneong
37,156
226,150
INCOME ACCOnST.
Total
Surplus
From wldch payments have been made
bonded indebtedness, viz.:
Principal car trust bonds
Payment to City of Baltimore for the
purchase of its Interest in the Pitts-
to retire
E.\PENSEt>.
1887
88.
$11,309,773
4,'.:62,339
374.915
469,121
937,312
*20,353,491
188S-S9.
$14,k6!i.416
4,ni3.838
406.02
1
52ri,(i!53
700,039
$21,303,001
& Conne Isville Railioad
appropriations to slnting funds
& Cambria RR. trattlo bds.
burg
Cab
Somerset
31. 1889.
Frclftbls
645.630 def.49.138
332,471
1,361,501
income accounts for 1887-8 and 1888-9 compare as
;
;
1.177.519
2,227,531
2,731,174
:
:
carried in 1885, 8,422,936 tons carried in 1886, 9,807,686 tons
carried
1887, 10,572,893
tons carried in 1888, 11,195,940
tons carried in 1889, 12,161,380.
The increased cost in " conducting transixjrtation " and the
diminished cost in " maintenance of equipment " are only apparent, and arise in part from the new classification of expenditures in these two accounts. There has been charged to
the operating account of 1889 the sum of $310,042 expended in
repairing the damages caused by the floods of 1888 and May
l,2."i5,751
$20,353,491 $6,152,930 $21,303,002 $6,492,158
Deduct—
This year we have only the following brief abInterest on bondp, rentals,
from the report of President C. F. Mayer
other charges for the year
The large increase in the tonnage moved on the entire sys- Dividend on Ist pret. stock,
tem is shown by the following statement. Tlie service perper cert
formed in the past fiscal year has been the largest in the his- Divid nd on 2d pref. stock,
per cent
Tons carried in 1884, 8,629,048 tons
tory of the company
:
163,784
280,133
283.178
376,216
909,594
707,562
110,176
281,187
19^,966
161,840
840,404
13,241
46,550
13,102
that date.
stract
Net.
«,—.,.-...»_...,
& Ohio
The Baltimore &
was given at length in the Chronicle of November
on page 627, to which our readers can refer for many
particulars of interest regarding the company's finances up to
Grots
Net.
(Srrni.
Tlie
30, 1888)
si, 1888,
1888-89.
$1,368,449
7,696.336
2,990,331
2,755,726
$14,810,844
$14,200,561
$6,152,930
$6,492,158
above earnings are given by divisions as follows
Karningt, Ii87-S8.-N
Earnings, 1888-89.—.
.
lows
Railroad.
Septemhev 80, 1889.^
Ohio report for last year (ending Sept.
1887-88.
$1,193,123
6.931,793
3,361,425
2,714,218
Total expenses
otals
the year ending
Vol. XL.IX.
Net earnings
Philadelphia, IMvision.
New'lc Somerset ASt'le
September only.
ANNUAL REPORTS.
^For
I
Operating e^ente*—
Qenpral expenses
CoiiiliKtlij^' transportation
Mati.tinance of equ pnie .t
MaUiteiianre or way BLd structures.
,
*
—
:
Leaving a balance of
8TATEN TSUSD RAPID TRANSIT RAIILROAD.
In view of the large interests of the Baltimore & Ohio Railroad Company in this line, the following is given as a statement of its operations for the fiscal year ended Sept. 30, 1889.
1887-8.
Gross earningj
Operating expenses
$907,7.'i8
$ii28.032
and taxes
641,523
$305,162
279,982
Neteamin's
Interest, rentals
1888-9.
602,.59U
J.!!.!""'.!!"!!!.
$286,508
291,286
Surplus
"$25,179 def. $4,777
of expenditures in the past year is more than
accounted for by the amount disbursedin permanent improvements upon the properties of the company, which has been
charged to operating expenses.
The increase
Mobile
&
Ohio Railroad.
June 30, 1889. y)
The statistics of operations for the fiscal year from the preliminary figures, were published as earlv as July 37, on page
113 of the Chronicle.
Mr. J. C. Clarke, the President, remarks in his report: " Die
plan under wliich the general mortgage bonds were issued
provided that in making the exchange with the debenture
holders the junior series should contribute certain amounts in
cash, for which consideration they were to receive in said
(Tor
the year ending
bond.s the equivalent of the face value of debenttires'surrendered; it was also provided that subscribing stockholders
should receive §260,000 in bonds for their cash subscriptions.
Only a part of the debenture holders, and none of the stockholders, availed of this offer, and in lieu of the cash which it
was oontemplated would be received by the company under
he plan, and with which it was intended to retire the floating
^eb^, tliere remained in the hands of the company an amount
of general mortgage bonds in excess of tlie $3,187,000 provided
by the plan for additional property, &c. equal to the difference between the face value of debentures exchanged and the
face value of general mortgage bonds accepted by their holdTlie entire cash resulting from the creation of the geners.
eral mortgage bonds has been applied to the reduction of the
floating debt, with the following result.
"Floating liabilities were in excess of available assets, including material on hand, as follows
$194,41?
.Tuly 1,1888
$2M6,792
July 1, 1889
,
Th'8 'atter euni includes expenditures account, cost
of Murphs Blioro sli'ps and new property at Cairo.
wliich has been charged to cost of additional
107,162— 189,630
property
Showing actual reduction, in excess of
avallaljlc
"
floating liabilities over
cash Items, inchnilug materials
$304,817
The first coupon of the general mortgage bonds, payable
March 1. 1889, was paid in scrip, redeemable in bonds. After
deducting the bonds set apart for this purpose and those disposed of as noted above, there remained in the Treasury, July
—
:
NOVKMBEK23,
5
THE CHKONICLEL
1889.]
1, 1889, $3,847,305, including the $2,187,000, provided by the
plan under which the mortgage was issued. Had the security
holders, in making their excliange, availed of the option pro\idiiig for the cash payments, the company would have been
in a position to at once retire its floating indebtedness, although
heir not doing so has been, and will be, of more ultimate
*
»
»
»
advantage to the company."
" There were purchased during the year, under car trust
agreements, six locomotives, the payments on account of
which were charged up against new equipment, and four
covered by trust in process of completion at close of the year.
This trust, when completed, will also cover the following additional cars, which will be deUvered during the year 1889-'90;
300 box cars, 50 stock cars, 100 ventilated fruit cars, 50 gon«
»
»
dola cars."
Cairo leased road, it is stated: " The
As to the St. Louis
records of the company show that the interchange of tonnage
Ohio Railroad and the St. Louis &
between the Mobile
Cairo Raih-oad for the year ending June 30, 1888, was
than for the previous year, (imme123 per cent more
and for the year
diately after the change of guage )
ending June 30, 1889, the further increase over 1888 was
28 per cent. The growth of the business has been continuous
since the opening of the new line from Mobile, Alabama,
to St. Louis, Mo., and we confidently expect a continued
material increase in the bvisiness interchanged by the two
roads; and while, as with every large business enterprise of
like cliaracter, no matter how well calculated to produce ultimate results, an immediate increase in business commensurate
with the large expenditure necessary to put a new through
line in opei'ation was scarcely to be expected, the development
of the through business between points on and reached by the
Cairo RK. and points on and reached by the
St. Louis
Ohio RR. and its connections, has shown satisfactory
Mobile
results already and promises well for the future."
I
&
&
;
&
:
&
GENERAL ACCOUNT JUNE
30, 1889.
Aiselg.
FisM investment
»:2l,681.77G
600,812
415.891
84,049
840,000
7,075,500
Rolling stocS
H89
LiablUlle'.
1888.
1800.
914,000,000
Capital stock, eoinmon
Capital stock, Ut pref
Capital stock, ad ptef
$14,000,000
6,0ii0,00'j
11,00').OIIO
Fundiddebt
Iatere«t on bonds, due and acoiued.... ..
Due lor wages and supplies
Due Cum lauteri and Individuals
.'^inklngfund
>«iu Isand cahh received from Pur. Com.
I'roUt ttnd loss
Total liablUtlea
20,000,000
422,400
6I8,72U
104,118
80,186
100,000
549,387
174.209
14-,t,»47
9M,'3 17,^00
$>1,92S,013
GENERAL INVESTMENT NEWS.
American Cotton Oil Triixt.— The Rcoi%" lization (-Vmimitteo ha" decidetl to extend the time for the df|)Oi<it of certificates with the Central Trust Company under the propuied
scheme of reorganization into an incorporated company to
December 2. In the meantime, in order to allow freedom of
action among certificate holders, the liberty is extended to all
who have deposited their certificates to withdraw them, if
they should desU'o to do so.
The reorganization of this Trust has a novel feature in that
it is not by the foreclosure of a mortgage, and also that it will
change a Trust into an ordinary corporation. This latter is a
most important point, and one to be decidedly commended.
Tlie committee is a strong one. and they take an independent
position in annoimcing that if a sufficiently large proportion
of the certificate holders do not become parties to the plan by
December 2, they will abandon the work of reorganization.
Such an event wotdd be unfortunate, for it is doubtful if any
one else could be induced to take up the work if abandoned l^
The trustees liave also
this committee, headed by Mr. Olcott.
stated that they will resign their positions if the reorganizaPresent indications, however, are tha*
tion is not effected.
the Plan will succeed, as the holders of some $22,550,000 of the
certificates have already deposited them in accordance with
the terms of the reorganization plan.
Atchison Topeka & Santa I'c— Chicago Bo<k Inland &
The Atchison Topeka & Santa Fe and the Chicago
Rock Island & Pacific have formed a close traffic arrange—
ment. It provides that a new trans-Continental route shall be
2,442,<'00 formed, to be known as the Atchison & Rock Island line. The
Stock
2,847,305
General mort);age bonds
the Rock
1,075 junction is fixed at Dodge City, Kansas, where
Other seitirities
S^O.O^O Island will make all west-bound transfers to the Atchison,
General mortjj. lionds-to beexchanged for debentures, oto.
115,183 and the Atchison will deliver east-bound business to the Rock
Other railriind and Individnal bulauces
282.ii07
SuppIii'S on hand
Rock Island agrees that while the contract re44,490 Island. The
Matured Interest
13 ,7ti0 mains in force it will deliver to the Atchison all its biwineas
General mortp. bonds on deposit to meet matured ouupous.
163,280 to the Pacific slope and to points reached by the Atchison sysCash
:.
tem in connection with other lines than the R<x;k Island. The
$37,325,112
Atchison agrees to deliver to the Rock Island all businesg
arising on its Pacific slope lines going to jwints east of the
LiabUitie'.
$7,0a0,000 Missouri River. As regards points to which the Atchison and
Capital B^oek
—
Funded dtbi
competitors, such as Pueblo, Kansas City. St.
7,030.000 Rock Island are
First mortgage bonds of 1879
1,000.000 Joseph, Atchison, Leavenworth, Topeka, Dodge City, ColoFirst morigiire extension bonds of 1883
5,300.000 rado Springs and Denver, both managements agree to mainFirst pref. rred innoine and slaking fun debentures
1,85c, 000
Seeond pr'feired income and sinking fun t debentures...
The two lines will be pracrates and work in harmony.
600,000 tain
Third preferred income and sinking lund debentures
900,000 tically operated as one system.
Fourth iireferred Income and sink! g fund debentures...
10,360,500
There is a provision that if the Rock Island extends its linee
General mortgage bonds of 1888
Current ocooanM—
westward to the Pacific Coast, either by building or purchase,
591.565
Bills payable
contract with anv other line having a Pacific
120,923 lease, or traffic
timber, town lots, etc
Cash, land-uotes. i-to
81nl{iug fund— 1st pr. fen-ed debentmes
Farmers' Loin & Trust Co.— debentures deposited
StockM (ttid bon:t8 in treasury
Lands— Arable and
Pacific.
—
1
1
Accounts paTatile
Pajrulls audited (month of June)
92,812
6,0H9
39,873
176.250
"
"
(arrearages)
Otber railroad and Individual ba'aticei
Matured inierest
Car trusts
Accrued interest on 1st mortgage bonds since
Profit and loss account, general
June
600,812
35,000
1
8S»,7ii7
80.517
Income account, 18:8 89
$37,325,112
New York Chicago &
St. Louis.
CFor the year ending Se^otember 30, 1889.^'
the quarterly reports made to the New York State
Railroad Commissioners, the following exhibit has been compiled for this (Nickel Plate) road. The results for the years
ending September 30, 1883 and 1889. were as below
From
:
4,')74,3U7
1888-9.
$4.908,9 1
3,920,760
$385,288
$988,155
188T-8.
$5,059,655
Gro.ss earnings
Operating expenses and taxes
Net earnings
Other Income
4,521
$989,809
$300,000
81,659
Total income
Deduct —
Interest
Rentals
4,051
$092,209
$789,840
68,279
$858,119
$881,689
$134,090
$108,120
From the income of the year ,$100,000 is applied to the sinking fund for the purchase of the first mortgage bonds.
The general balance sheet on September 30 in each year was
given as follows
Balance, surplus
CKNERAL BALANCE SEPTEMBER
30.
Aeiett.
Koad and eiiulpment
Companj's Ijon.is on hind
Supplies nn hand
Duo by Bgenta and othe.-a (trafllc acc'ut).
Due. by comiianiea and Indlflduals
Cash
Keeelver's debts....
Total assets
1888.
!f50,216,301
400.<00
283,823
343,829
62,063
424,061
198,173
$51,928,913
18S9.
$49,813,489
324.i63
370.087
91,631
618,190
$51,?17,560
terminal (Colorado Midland), the Rock Island sliall still give to
the Atchison, while the contract remains in force, niuetv-nine
years, an amount of business to the Pacific Coast equivalojit to
the east-bound business turned over by the Atchison to the
Rock
Island.
,
j
is looking to a connection, via. Colorado
with the Central Pacific at Ogden, and when that
Midland,
connection is made, as it is expectedit will be about May 1,
this agreement with Atcluson must be observed.
President R. R. Cable of the Rock Island said to the Sun
reporter
i.- v
" The agreement is the consummation of a project which
was under negotiation between W. B. Strong, the late President of the Atchison, and myself. The resignation of President
Strong broke off the negotiations, and later I resumed them
with President Manvel, with the success you have learned.
in every way than the
I regard this as a stronger agreement
Chicago & Northwestern-Union Pacific agreement. It makes
a powerful alliance which wll command respect."
Called Bonds.—The following bonds have been called for
Tlie
.
,-,
Rock Island
.....
payment
_ ^«— « ,
^
first mortgage 6s of 1879 due
of 280 of these bonds drawn for payment
The numbers
1919.
the Central
at 110 and accrued interest, upon presentation at
found
Trust Company, interest ceasing January 1, 1890, will be
in our advertising columns.
Canadian Paciflc— Seattle Lake Shore Jt Ka.stcm —The
"The mail just arnvea
Vancouver News-Advertiser savs
of
from England brings the details of the new debenture issue
also of the arthe Canadian Pacific Railway Company, and
rauEements for the construction of the new steamships for
have already given
the China service, the outlines of which we
The amount of the debentmjM
in oiu- telegraphic columns.
Co., of London, is £903.879,
issued by Messrs. Baring Bros.
made_under the
bearing interest at 4 per cent. The >f ue »s
1889. passed
authorTty of the CanacYian Paciflc RaUway act
',
Northern Pacific—Goneral
:
&
The comMny
by the Dominion Parliament at ita last session.
that of the amount received from
ill the prospectus announces
be apphed to take up
this issue oif debentures £835,312 wdl
—
—
.
THE CHIIONICLK
690
[Vol. XLIX.
13,340,000 of 5 per cent preferred stock issued by the Atlantic
Northwestern Railway Comi)acy, the Canadian Pacific Railway Comiiany having guaranteed the payment of the interest
on this stock as an additional rental of the said Atlantic
Char get—
Taxes
Interest
99!),238
Northwestern Railway.
Preferred dividends
139,416
1,013.133
170,341
$9,779
3.348
29,528
13,895
30,925
$1,730,911
$1,818,387
$87,676
&
&
'
The balance to l)o obtained from the issue of the debentures,
£68,063, is to be devoted to the construction of the branch
line of eleven miles from Mission, a station on the comjiany's
line in British Columbia, to connect at the international
boundary with a line now being built by an American company to the city of Seattle, on Paget Sound. This line forms
the last link in the chain of railway connections along the
Pacific coast from the Canadian Pacific Railway to the Gulf
The issue of the defentures to provide funds
of California.
for the construction of this branch shows that, as already
stated, the Canadian Pacific Railway Company, being now
satisfied that the American connection will be pushed through
to co.Tipletion at an early date, intends to have its section
completed by the time the Southern road reaches the
boundary.
" The mail also brings definite details of the three new
steamships for the service from Vancouver to China and
Japan. Tlie vessels, which are to be constrxicted by the Naval
Construction and Armament Company of Barrow-in-Furness,
will be built of steel with twin screws and large passenger
accommodation."'
Colorado Coal & Iron.— "An officer of the Colorado Coal &
Iron Company informs us that the company has under consideration a plan for extension and improvement of its steel
raU business, wliich will require a considerable sum of money
for preparation, and which will add largely to the profits of
the concern. The company sold about §750,000 worth of lands
last summer to Standard Oil people, and they have also considerable additional lands on which they can realize at any time
in the mai-ket. It is not yet decided whether the company will use
these funds for the steel biisiness or wiU ask the stockliolders
to subscribe fresh funds on new securities; but they are very
sanguine of the feasibility and profitableness of the
scheme." Doir, Jones
Co.
&
—
Colanibiis & Cincinnati Midland. The Bondholders* Committee, in their adjustment with the Bait. & Ohio of the interest
on the $2,000,000 first mortgage bonds, are understood to have
accepted 4}^ per cent, the bonds to be guaranteed, principal
and interest, by the Central Railroad of Ohio and the Baltimore
Ohio "Railroad. The 3 per cent interest coupon due
Jan. 1 next is to be provided for in full in cash. These conditions are to apply only to those who deposit their bonds under
the Committee's plan.
&
$238,789
12,850
383,272
.$229,010
Insurance
Rentals
9,502
353,274
Totals
$31,450
Surplus
—Boston Herald.
$29,937 Deo. $1,513
Philadelphia & Reading.— The Phila. Inquirer says " The
Reading Co. lias ordered §3,000,000 worth of etjuipment, to he
delivered by April next. It was proposed at first to pay for
the cars by the usual car trust arrangement, and during Mr.
Corbin's absence in Europe papers were drawn up for a five
per cent car trust loan. Upon Mr. Corbin's return he gave
mstructions that the equipment should be paid for in cash
:
next April."
—
Railroads in New York State. The rejx)rts below for tlie
quarter ending Sept. 30 liave been filed with the New York
RR. Commissioners.
— Brooklyn
1888.
Ulevaled,
— — Rome W. ^
1888.
1889.
.$325,506
—
Oaden.
1889.
$1,064,083
575,579
Gross earnings
Opsrattng expenses
$223,567
143,962
214,872
51.5,210
Net earnings...
Other Income
$79,005
$110,691
$458,984
1,973
1,614
9,382
$488,454
9,884
$971,194
$31,578
$112,308
$468,366
$198,338
$63,098
1,663
9,900
$68,097
2,1C9
34,038
$155.1'.9
$158..505
2?,616
80,450
27,563
67,070
$79,601
$1,917
Total income...
$104,904
$7,404
»264,185
$204,181
$251,138
3247,200
Deduct—
Interest
Taxes
Rentals, &c.
Total
Balance,surpUis
Rome &
—
Tlie foreclosure sale of this road, which
to take place Nov. 20 at the Real Estate ExYork, has been postponed until Wednesday.
change in
Dec. 18, at same place.
Decatur.
was advertised
New
—
St. Lonis Arkansas & Texas. The New York Committee
have formulated a plan for the reorganization of this company
which has received the assent of large holders of all classes of
the securities. The plan will reach the Berlin and London
committees in the course of a few days, and will probably be
made public during the coming week. While all classes will
be called upon to make some concessions for the common
good, it is claimed that the plan is a fair one and will com-
mend
itself to
the security holders.
—
San Antonio & Aransas Pass. The following is a comparative statement for ten montlis from January 1 to October 31:
Denver Texas & Ft. Worth—Union Pacific—A Boston
dispatch to Dow, Jones & Co. says " President Adams of the
1887.
1888.
1889.
Union Pacific says the following is substantially correct A Average mileage operated
217
418
353
new company is to be formed to control the Fort Worth and Gross earnings
$424,847 $807,873 $1,088,617
256,994
551,366
657,650
Colorado systems of Union Pacific by exchange of securities, Operating expenses
making a consolidation of the roads. Bonds of the new com$130,967
Netearninas
$167,952 $256,507
pany are to be given for outstanding obligations of Fort Fixed Inttrest charges
249,2.50
116,978
196,800
Worth. Union Pacific will control the new company by
$181,717
$50,873
$59,707
Net surplus
ownership of a majority of stock. Union Pacific, however,
has not liought a share of Fort Worth stock and will not go
Tennessee Coal Iron & Railroad.— Mr. H. G. Bond, tl.e
into the street to buy it. An arrangement has been made to General Manager, has been in New York the past week he
secure the stock held by the P'ort Worth Construction Com- states that the increase in earnings is due to the company's
pany and others, if the matters are arranged. As yet no coal sales. The output of coal averages 1.50,000 tons a month,
papers of any kind have been pa,ssed."
about two-fifths of which is sold, and the balance made into
East Tennessee Virginia & Georgia. -At the annual meeting, coke. Tlie iron output is about 30,000 tons a month; the average
held at Knoxville, Tenn., the following Du-ectors were elected: price received on the October deliveries was $10 93 a ton the
John H. Inman, Samuel Thomas, Charles M. McGhee, Calvin current price of pig iron is §14. Mr. Bond expects to close up
by the end of the year, and says the January
8. Brice, Jolm G. Moore, Thos. M. Logan. Edward J. Sanford. the old contracts
W. F. Chishohn, JohnGreenough, Wm. L. BiUl, Geo. Coppell. earnings will show §250,000. The company, under date of
John H. Hall, Evan HoweU, Geo. S. Scott and Geo. J. Gould. October 1, has issued a pamphlet giving information regarding
:
:
:
;
—
&
Missouri PaciJlc. Tlie Kansas
Arkansas Valley Division has been completed between Wagoner, I. T. and Coffeyville, Kan., 82 miles.
The extension completes a new and
important connection between the Missouri Pacific and the
St. Louis Iron Mountain
Southern. The company is building a road from McGhee, Ark., to Alexandria. La., there to
connect with the Texas Pacific.
,
&
Nashville Chattanooga & St. Louis Kallway.— The gross
and net earnings and charges for October, and for the four
months of the fiscal year, were as follows
:
.
OroflaeamlnKS
Operating expenses
Net earnings
Interest and taxes
Improvements
October.
18S8.
i?282,620
164,774
$117,845
$74,549
8,456
,
,
.Tidy 1 to Oct. 31.
1889.
1888.
$309,t11$1,OSS.5(38
180.374
$129,136
$73,201
7,816
633,755
$454,813
$292,637
23,832
Net
$510,389
$290,005
27,911
$?3,0t6
$34,839
$605,750
$613,125
$7,675
Exiienscs.
„5,203,408
$3,511,090
$5,563,403
3,718,782
$295,000
207,692
Net
Othorlncome
$1,757,318
5,043
$1,844,636
3,699
De.'. 1,344
$1,762,361
$1,818,325
$85,964
Fiteal
Tear—
Earnings
Total income
—
Toledo Ann Arbor & North Michigan. This company
proposes to issue a consolidated mortgage securing $10,000,000
of 5 per cent gold Iwnds with which to take up outstanding
The present amount outissues of all the roads in its system.
standing on these lines is less than §10.000,000, and there will
be an apparent surplus after the retirement proposed. Pre.-^ident Ashley of the company said that this surijlus will be
used for issue on extensions contemplated, for the acqusition
of new properties, and for miscellaneous improvements. The
mortgage is for fifty years, and is given to the Farmers' Loan
Trust Company of this city. If no obstacle is interposed,
it is expected that this plan 'will be carried forward imme-
— &
1889.
$1,237,570
727,180
$81,018
$316,409 $317,917
$48,118
$138,343 $192,472
New York & New England.—The operations for the quarter
and year ending Sept. 30 are at hand.
Quarter Sept. ZO—
1SS9.
1888.
Increase.
Earnings
$1,4«2,427
$1,1548,436
$66 009
Expenses
876,077
935,011
58,334
t
Surplus....;
the properties.
$87,308
diately.
Wabash— Lake Erie & Western.— In the suit against the rePacific in the U. S.
ceivers of the old Wabash St. Louis
Circuit Court, District of Indiana, the Master in Chancery,
P. Fishback, reports that ujwn the theoiy that the receivers are liable for net earnings during the period that the
Chicago)
Indianapolis Division (the old Indianapolis Peru
was in their ix>ssession and oi)erated for the benefit of the
owners and creditors of the Wabash, he finds a balance due
from the receivers of §261,906. This is in line with Judge
Gresham's previous decision in the similar case of the Toledo
Western, but opposed to Judge Brewer's decisions in
Peoria
Mo. Pac. and the Omaha Division.
the cases of tlie Quincy
The Wabash will file their exceptions, and the case will be
arguc-d before Judge Gresham, and in the event of the MasIt is
ter's findings being sustained, it will be appealed.
claimed by the Wabash jjeople that the claim, if sustained, is
&
Wm.
&
&
&
not collectible.
pf Fo
r bnlnuce
ol'
Invesiinent items see pase 680.
.
..
.
;
NOA-KMBKB
THE CHRONICLR
33, 1889.]
gitc
CHatntncrciat
COTTON.
Friday Nioht, November
Friday. P. M., November 88, 1889.
as indicated by our teloKtaina
from the South to-night, is given below. For the weok ending
this evening the total receipts have rea<'hf><l 288,607 bales,
against 294,488 bales last week and 30<«,1.').5 bales the prerUm*
week; making the total receiuts since the Ist of Sept., 1880
The Movement of the Crop,
22. 1889.
A
Mercantile aiTairs remain unchanged.
political revolution in Brazil iiad a momentary effect upon cofToe and some
articles
691
*^imts.
COMMERCIAL EPITOME.
minor
1
'
produced in that country, but caustd no import-
ant disturbance of values. The [export of breadstuffs generally has been less active, Indian com, however, being taken
freely by shippers. The outward movement of cotton continues free, the clearances for the Continent early in the week
being notably large. The export of food staples to the Continent has also been large, especially in the past two or three
days.
3,808,806 bales, against 2,8.58,371 bales for the same period o^
1888, showing an increase since Sept. 1, 1880, of 440,08S balea.
StteipUe
Hon.
Sat.
Tuet.
4,077 10,440
Qalveaton
4,450
Wed.
r*ur».
rrt.
5,317
El Faso, £c
.Vew Orleans... 14,466 14,!i77| 37,731 13,240
MobUe
2,711
3,486 2,562 1,000
Florida
Savannab
7,033
8,708
7,628
6,430
Charleston
3,956
4,730
4349
3,622
PortRoyal,&c
Wilmington....
2,019
1,857
1,766
610
4,260
2,682
4,006
2,703
3,609
3,212
3,378
1,377
1,012
364
201
592
191
03
1661
143
Bmnsw'k.&c
The market for lard on the spot showed some improvement
in values, but business was not large and the close was quiet
at6-1.5c. for prime city, 6-.55c. for prime Western and 6'.50(a
6-95c. for refined for the Continent.
The speculation in lard
for future delivery was moderately active at hardening prices,
but to-day free selling to realize checked the advance, with
sales of 4,250 tcs. at 6-48c. for November, 6-37(2 6-38c. for
January, 6-41c. for February and 6-44S6-46c. for March.
DAttr cxosrao prices of lard fdtures.
Salur.
Mon.
Tues.
Wed.
Tkur.
November deliverv
6-37
6-47
c.
6-r.O
6-50
6 50
December delivery
6'30
6'36
c.
6-2C
6-39
6-;i7
January delivery
6-32
6-35
o.
C-25
6-39
6-3G
February deliverv
March deUvery
c.
6-30
6-31
6-36
6-40
6'40
6-45
6-40
6-45
6-41
6-45
Fri.
8-50
6-36
e-36
6-41
6-15
WasVgton, io
.Sorfolk
West Point...
N'wp'tN's.&c
.Vew York
Boston
Baltimore
40o'
Plilladelph'a,<Sic
1,185
649
Totals this week' 42,625 50,869' 66,565 35.3131 39,481' 53,7.'i4 288,607
For comparison we give the following table showing the
Pork has been active, shippers having taken about 4,000 week's total receipts, the total since September 1, 1889, and
the stock to-night, compared with last year.
barrels this week, of which 1,300 barrels to-day, at improving
1889.
1888
prices. Quoted at §1 1 25:3 $1 1 50 for mess, $10fa $10 25 for extra
Bloek.
Reeeiptt to
prime and 111 25(5 §13 50 for short clear. Cut meats have
Since Sep.
ThU Since Sep.
Nov. 22.
1889.
1888.
continued iri-egulai- pickled bellies and hams further de1 1889.
Week.
Week.
1, 1888.
clinedj but shoulders again advanced.
The sales to-day emc.
;
Galveston
35,604
pickled
shoulders, 5,'3 5J4c
smoked hams, 10i4'(a lOJ^c,
smoked shoulders, 5J£(a6c. Beef easier and fairly active
extra mess, $6 75 d $7 25^ and packet, S7 75(a$8 25 per barrel
India mess, $14* §14 75 per tierce. Beef hams quiet at $12®
$13 .50 per barrel. Tallow is steady at 4i^c.
Stearine is
quoted at 7(a7i^c. for Western and city, and oleomargerine,
5,?8CButter dull at 18@27c. for creamery. Cheese dull at
9K@105^c. for State factorv, full cream.
„Coflfee on the spot has been more active, and Rio No. 7 is
quoted at the close at 17J^c., but to-day the business is not
brisk.
The speculation in Rio options received a great impulse early in the week from the news of a political revolution in Brazil.
Prices advanced, March deliveries selling at
15-95c., but when it was known that no serious disorder had
occurred the market became weak and unsettled, closing
steady to-day, with sellers as follows
492,473
25,258
348
. .
ElPaso,&c
Sew Orleans
2.265
844.809
126,268
10,144
206
89,021
9,400
.•.43,001
39,040
456.071'
2,389;
39,522
17,923.
205,132|
4,842
87,837
1,233
247,978
174,372
30,847
9,117
105,i:(»0
12,841
Mobile
Florida
752
340,393
1,630
632,953
98,922
256,591
20,802
212,024
22,380
93,102
7,253
67.569
118,168
17,665
22,345
31,382
48,575
3.273
105,740
13,500
5,542
6,244
10,965
141,786
15.000
18,187
5,281
725,.585i
88,191
61,165
741.598
l,809j
:
:
December.. ..15S5C.
January
l5-90o.
February ....15900.
March
April
i
15-90C.
15-9fo.
I
May
I
June
15'95c'
July
lf,-95c.
1590O'
August
15'83c'
—An advance of 40(g50 points for the week.
Raw
5c. for fair refining
centrifugal, 96 deg. test,
active, the sales including a cargo of English Islands, to
arrive, at .5c. for 89 deg. test.
Refined yesterday were partially advanced.
Standard crushed still quoted at 7Kc.. but
granulated quoted at 7c. and standard "A" at 6,'gc. The tea
sale on Wednesday was not a large one, and prices were
steadier except for old crop Formosas and^low grades of Congous.
Kentucky tobacco has been more 'active, the sales for
the week aggregating 450 hhds.,
mostly for export,
and prices rule quite firm. The movemenn in seed leaf
is
fair,
Sales for the
but without special feature.
week are 1,150 cases, as follows: 200 cases 1888 crop
New England Havana, 12(340c,; 200 cases 1888 crop State
Havana, 13i/2(a 14c.; 200 cases 1888 crop Wisconsin Havana.
9/^@llKc-; I'W cases 1888 crop Pennsylvania Havana, 113^@
l-3c.; 100 cases 1887 crop Pennsylvania Seed Leaf, 10;® 13c.;
150 cases 1888 crop Dutch, private terms, and 150 cases sundries, 5 to 371^0.; also 450 bales Havana, 72}4c.@$l \.i%, and
850 bales Sumatra, $1 20@$2 40.
On the Metal Exchange Straits has been unsettled, closing
quiet at 21 -400. on the spot and 21-20c. for February. Ingot
copper is again dearer at 13c. for Lake, but closes dull. Common lead has declined to 3-80c. Pig iron warrants have varied somewhat, being stronger to-day, with sales at $18
The interior iron
for December and $18 37i^ for March,
markets are very firm, and yesterday 1,000 tons steel billets
sold at $36, delivered to mill."
Spirits turpentine further declined, leading to a large business yesterday at 44@44i.i^c., closing to-day at 441^(8450. but
quieter. Rosins are quiet, but firmer at -SI 10(a§l 15 for
sti-ained.
Refined petroleum for export is unchanged at 7-45c.
for barrels, but cases firmer at 9-6oc.; crude in barrels, 7-80c.
and naphtha, 8c.: crude certificates close at $109;'g(a$l 09Jg.
Wools in fair demand, but prices are barely steady. Hops
,
xport movement.
42,705
4,287
22,991
..
Bruns.,&o.
ObarlestAu
P. Royal,&c
.
60
..
Baltimore.
PUll'del'a,
..
&o
701
11.418
997
300
23,893
12,301
4,983
2,748
3,039
6,948
1,418
Boston
460
79.184
247
NwptN.,&c
New York.
75,372
208,795
8,152
A'ilmlngton
Wagh'tn,i&o
Norfolk
West Point.
198,702
159,387
15,539
17,344
11,800
11,938
9,828
31,830|
29,132
1,326
2,73 ll
2,954!
17,890]
8,803|
9,751i
2,067
563
06,103
529
288,607 2,808,306 266,262 2,358,371
Totals
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Receipt* at-
and 25J^c. for
and the market to-day was quite
sugars are dearer at
Savannah.
1889.
Savannah.
..
Charl'8fn,&c
ft'llm'gVn,&e
NorfoUt
Wt Point, &o
All others....
1
Tot.thisweek
1887.
1888.
\
1886.
42,705
23,051
8,399
23,893
17,284
19,192
23,464
89,021
9,400
39,0t0
18,627
11,718
31,830
30,458
10,704
40,003
18,440
8,939
26,659
26,425
9,760
288,607
260,262
249,388
Galv'8ton,&oj
36,042
Now Orleans: 105,200
.Mobile
12,841
we
33,457
75,.S44
10,161
1885.
1884.
38,788
76,815
10,922
48,747
21,914
19,987
11,558
39,486
94,804
9,366
33,692
23.119
4,602
33,241
13.649
7,966
22.805
93,207
14.854
39,345
30,407
5,288
43,900
21,279
13,43a
280,262
259,925
284,602
10.101
41,4.30
Since Sept. 1. 2808,306 2358,371 2874,549 2437.874 2425,282 2,505.451
The exports for the week ending this evening reach a total
of 243,579 bales, of which 105,999 were to OreatBritain, 10,074
to France and 12,506 to the rest of the Continent.
Below are
the exports for the week, and since September 1, 1889.
Ending Kov.
Bxporttd to—
Vi'tfk
iSt.
From
Sett.
Great
from—
Conlt-
85,772
New
83,280
Orleans.
M»blle
Savannah
Brunswick
4.418
46.880
Brtat
Britain.
87,143
74.378
—
'*'«'•
5«a,ioa
7.BM
»M,«SS
94,383
58,804
17,088
]5»,66«
14,580
18,461
87.551
80,080
S7.SSt
4,825
5,806
B.eco
4.68S
S1.78S
18,874
48J8I
1,330
l,?30
York...
8,709
Boston.....
6,831
83
14.078
6.314
Baltimore...
Pliiladelp'a.&c
«,eS8
3,^34
5,718
,
.
1.731
5.«S3
85,408
65,875
S.87»
]88,Bt«
34.831
18.875
6,478
7,185
18.606
10,798
16,300
105,899
10,014 127,506 843.579 1,103.080 8'8,5S»
188,1)97'
U..174
51.Wa
193.0271
188>
47.5,»
158,838
10,418
l«,B7e
»,
umt.
41.0M 47,088
N'porttfws. 4c
Total
—
10.418
e,e74
Total. 1388.
f^«"
180.614 84.841
886,178 140,898
to
Conli-
IMO
Point....
Xcw
issa. lo rfot.
e.03»
Charleston
Wilmington...
Norfolk
West
1,370
Tbtal
Week.
Brit'n.
Gnlvcston
1.
Bxporttd
Exptyrta
58,804
104.9<a
55,646
106,006
76,074
SS.4U
'
880
14Ji8ll
606
519,911
887.»5 146.874 "ssr,4w
1B,1«1
34,861
7.aS4
THE CHBOMGLEL
694
t
hermometer has averaged
lowest
50,
the highest being 68 and the
32.
—Tliere has
been one shower this week
to the extent of fourteen liundredths of an inch. The thermometer has averaged 51, ranging from 81 to 71.
Luling, Texas. The weatlier has been dry all the week.
The thermometer has ranged from 30 to 74, averaging 53.
Columbia, Texas. We have had dry weather all the week.
*'
San Antonio,
Texas.
[Vol. XLIX.
curred in this vicinity on Wednesday. The thermomter here
has averaged 48, the highest being 68 and the lowest 36-4.
Wilson, North Carolina. Telegram not received.
The follo^ving statement we have also received by telegraph,
showing the height of the rivers at the points named at 3
—
o'clock
November
21, 1889.
and November
—
—
Average thermometer
54, liighest 78,
lowest 30.
—
Cuero, Texas. It has been showery on two days of the
week, the precipitation reaching fifty hundredths of an inch.
The thermometer has averaged 54, the highest being 78 and
the lowest
30.
Brenham, Texas.
—We have had showers on two days during
The thennometer has avei-aged
76.
—The
56,
New Orleans
MempliLs
—
—
—
—
—
;
;
—
—
—
—
Above low-water mark.
Above low-water mark.
Above low-watermark.
Above low-water mark.
Above low-water mark.
XasUvillo
Shreveport
Ylekabiirg
3
18
'88.
Ihc/i.
8
9
22
18
Miss
ing.
India Cotton Movement from all Ports.— The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Nov, 21.
BOMBAY RECEIPTS AND SUIPMENTS FOB FOUR TEAR*.
ranging from 35 to
weather has been dry all the weeK.
The thermometer has ranged from 26 to 68, averaging 47.
Weatherford, Texas. There have been showers on three
days of the week, the rainfall reaching fifteen hundredths of
an inch. Average thermometer 52, highest 58, lowest 45.
New Orleans, Louisiana. We have had rain on two days of
the week, the rainfall reaching sixty-four hundredths of an
inch. The thermometer has averaged 55.
Shreveport, Louisiana. Rainfall for the week, sixty-six
hundredths of an inch. The thermometer has averaged 50,
ranging from 33 to 72.
Columbus, Mississippi. It has rained on two days of the
week, the rainfall reaching one inch and fifty-two hundredths.
The thermometer has ranged from 32 to 60, averaging 45.
Leland, Mississippi. We have had rain on two days of the
week, consequently Uttle or no cotton has been picked. The
The
rainfall reached ninety-seven hundredths of an inch.
weather has been very damp and changeable. Average thermometer, 45 highest, 70 lowest, 30.
Greenville, Mississippi. The week's precipitation has been
one inch and seven himdredths. The thermometer has averaged 47-5, the highest being 63 and the lowest 35.
Mendian, Mississippi. Rain has fallen on one day of the
week. The weather continues good for picking. The crop is
estimated to be twenty-five per cent greater than last year.
Planters are marketing their cotton slowly.
Vicksburg, Mississippi. It has rained on two days of the
week, the rainfall reaching one inch and thirteen hundredths.
There have been two kilUng frosts in this vicinity this week.
The thermometer here has ranged from 33 to 67, averaging 58.
Helena, Arkansas. It has rained slowly on five days of the
week, the rainfall reaching one inch and nine hundredths.
There has also been one inch of snow. Not much cotton has
been picked thus far in November, but receipts are ahead of
The thermometer has averaged 45, the highest
last year.
Belton, Texas.
IncK.
Feet.
the week, the rainfall reaching eighteen hundi-edths of an
inch.
22, 1888.
Wof. 21, '89.\Vot\ 22,
Shipments this
Fear Grew
Oonli-
Total.
BriCn.
1889
1888
1887
1886
Shipments since Jan.
uieelc.\
\
Great
Bi itain
Oonlir
nent.
_
.
Receipts.
1.
,
Total.
This
Veek.
Since
Jan.
1.
2,000j373,000 870,000 1.243,000 28,000 1,707,000
7,000; 8,00r.!218,000 040,0001 868.000 12,000! 1,327,000
1 ,000 372,000694,0001 1,066,000
9,000,1,531.000
3.0001 3.0001328,000688,0001 1,016,000 21,00011,472,000
2.000
1,000
1,000
I
According to the foregoing, Bombay appears to show
an increase compared with last year in the week's receipts of
16,000 bales, and a decrease in shipments of 6,000 bales, and the
shipments since January 1 show an increase of 385,000 bales.
The movement at Calcutta, Madras, and other India ports for
the last reported week and since the 1st of January, for two
"Other ix)rts" cover Ceylon,
years, has been as follows.
Tuticorin, Kurrachee and Coconada.
Shipments for
Great
Britain.
Shipments since January
the leeek.
Continent.
Oreo I
Total.
Britain.
Oonli)ienl.
1.
Total.
Calcutta -
35,000
26,000
1889
1888
45,000
61,000
80.000
87.000
Madras—
1889
1888
others—
1889
1888
2,000
3,000
2,000
3,000
63,000
48,000
18.000
14,000
81.000
62,000
2,000
2,000
2,000
2,000
110,000
80,000
01,000
36,000
171,000
116,000
4,000
5,000
4,000
5,000
208,000
154,000
124,000
111,000
332,000
265,000
All
Total
all
1889
1888
The above totals for the week show that the movement from
the ports other than Bombay is 1,000 bales less than the same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1889, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EITROPE FROM ALL INDIA.
being 58 and the lowest 33.
Rain has fallen on two days of the
Little Rock, Arkansas.
1889.
1888.
1887.
Shipments
week, the rainfall reaching one inch and ninety-two hunThis
S'nee
This
Since
ThU
Since
to all Europe
dredths. "Very little cotton has been gathered for the past
week.
Jan. 1.
week.
week.
Jan. 1.
from —
Jan. 1.
three weeks, owing to excessive wet weather.
Average
Bombay
2,000 1,243,000:
8,000 858,000
1.000 1,066,000
thermometer 45, highest 58, lowest 83.
Memphis, Tennessee.—Snow fell on Sunday last, and we All other ports. 4,000 332,000 5,00O| 265,000 1,000 418,000
have had rain on four days of the week to the extent of one
Total
6,0001,575.000| 13,0001,123,000
2,000 1,484,000
inch and twenty-six hundredths. Picking has been vu'tually
Alexandria Receipts and Shipments. Through arrangesuspended, but the weather is now clear. The thermometer
ments we liave made with Messrs. Davies, Benachi & Co. of
has averaged 43, rangmg from 83 to 57'5.
Nashville, Tennessee. We have had rain on six days of the Liverpool and Alexandria, we now receive a weekly cable of
week, the rainfall reaching two inches and fifty -three hxm- the movements of cotton at Alexandria, Egypt. The following
dredths. The thermometer has ranged from 32 to 58, aver- are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
aging 44.
Mobile, Alabama. There has been rain on four days of the
Alexandria, Egypt,
1887.
1889.
1888.
week, to the extent of one inch and fifty-two hundredths.
November 20.
Average thermometer 53, highest 73, lowest 37.
(can
Montgomery, Alabama. Rain has fallen on six days of the Receipts This tars")
week....
190,000
160,000
180,000
week, to the extent of two inches and eighty-four hundredths.
Since Sept. 1
953,000
1 ,402,000
1,296,000
The thermometer has averaged 46, the highest being 67 and the
This
Since
This
Since
This
Since
lowest 88.
week. Sept. 1. week. \Sept. 1. week. Sept. 1.
Selma, Alabama. Rainfall for the week two inches and six
hundredths. The thermometer has averaged 51. ranging from Exports (bales)—
10,000 95.000' 12.00oi 68,000 14.000 97,000
To Liverpool
37 to 69.
To Continent
4,000 30,000 8,000! 32,000 5,000 46.000
Auburn, Alabama. Telegram not received.
14,0001125,000 20,000 100,000 19,000143,000
Total Europe
Madison, Florida. Telegi-am not received.
• A cautar is 98 pounds.
Augu.iia, Georgia. We had heavy general rain on three
days in the early part of the week, but the latter portion has
This statement shows that the receipts for the week ending
been clear and pleasant. The rainfall reached two inches and Nov. 20 were 190,000 cantars and the shipments to all Europe
seventeen hundredths. Crop accounts continue good. Cotton 14,000 bales.
is coming in freely.
Tlie yield in this section is estimated at
Manchester Market.^ Our report received by cable to-night
ten per cent in excess of last year. Tlie thennometer has from Manchester states that the market is quiet for both yarns
ranged from 37 to 68, averaging 48.
and shirtings. We give the prices for to-day below, and leave
Columbus, Georgia. It has rained on one day of the week those for previous weeks of this and last year for comparison:
to the extent of two inches and ninety-one hundredths. The
1888.
1889.
thermometer has averaged 49, the highest being 57 and the
lowest 88.
OoWn
8I4 lbs.
8>4 lbs.
32» Onp.
*j?-rf" 32« Cop.
Mid.
Savannah, Georgia. Tliere has been rain on three days of
Shirlmgs.
Shirtings.
Twist.
Twist,
Uplds
Uplds'
the week, to the extent of one inch and eighty-three hundredths. The thermometer has averaged 52, ranging from 34
a,
s.
d.
d.
d.
s.
d.
d.
d.
d.
d.
d.
8.
d.
®8i2 6
6i|6 i7''8 ®838 l6
to 72.
®7 2
5l»ig
Ootl8 8
®7 1
" 25 8
b''«
a7 2
»7 1
'38>2
6
5% IT'S ®8% !6
Charleston, South Carolina. It has rained on three days of
9-7 1
®7 2
ti^ 6
Nov.l 8
5"ib'7'8 -8838 :6
5'I8
the week. Average thermometer 55, highest 72, lowest 40.
'
I
-a,!
o3i
6 1 ®7 3
5% 'yg a838 G
8 8% ®858
Stateburg, South Carolina. Rain fell on Saturday and Sun" 15 8% a85«
5'li«
oUie 7''8 *8% 16
6 1 ®7 3
»7 1
SBg 17^8 98-^ !6
«7 1
5«,«
day to the extent of one inch and one himdredth. " Frost oc- " 22!8i8 ®858 16 1 ai? 3
—
!
j
1
—
,
—
—
—
;
i
—
1
—
—
—
,
—
—
—
1
1
j
,
—
—
—
1
..
.
NOVEMBRR
Weather Record for October.— Below we
.
1
CHRONICLK
TFTR
S3, 1889. J
—
1
,
give the rain-
695
/ufy.
and thermometer record for the month of October and
previous months of this year and the two preceding yearfi. The
figures are from the records of the Signal Service Bureau
except at points where they have no station, and at those
points they are from records kept by our own agents.
ThtrmomeltJ
JrwnfUe—
Attest.
SrpUfiibtr.
OUatitr.
THtrmamtttt
fall
1888. 1888- 1887.
9t*0| 97-0
69*0' «S*S
»V8
...
Average...
8131 80*8
VtCtubur^^
UlRhest...
Lowest
September.
1889. 1888.1 1887.
October.
1889.1 1888. 1887.
98-0
tS-0
778
91-2 102-5
58-3 65-3
74-3 ))0-7
89-8
61-3
SrtO
74-4
780
98-4
91-8
89-0
70-1
88-0
88.1
46u; 40-0
e8-o| 88-7
—
93*0
69*0
74*0
UIghust...
Lowest
92*0
68*0
HiKhest
Lowut....
Average.
1889.118^8- 1SN7.
91-4
46-0
89-3
81*0
40*8
87-7
BS-8j 60*4
N.CAR'LA.
39*7
Clark^ats
95-9 100-0
SM-8 655
75-5 80-9
95-8
68-8
78-9
95-0
85-8
75-0
ITS
76-6
WO
80-8
101-0
BM-0 80-5
73-5 79-0
94-C
56-0
75-3
fO-r
64-0
78-»
99-6 10«-2
80-0 65-6
770 79-8
90-0 100-0
58-0 55-4
740 75-7
95-1
52-8
74-7
B4-0
BBO
79-11
87-2
i
6:J-0
76-0
87-0
98-0
69-0
Highest...
Lowest....
Ayera^ze...
Oharloitt—
Highest...
Lowest
Avenige...
Wilson—
90-0
G6-0
81-0
Highest....
Lowest
Average...
Morgniiton —
Highest...
Lowest....
Average..
87-01
660
74-b
68-5 103-0
6-i-U
110-5
1180 1010
82-0 68-0
80-t 84-2
60-0
81-0
75-H
620
9H-0
68-0
76-9
81-1)
00-C
92-0
69-0
76-9
89-0
B2-0
580 570
73-6
71-4
87-5
i
48-. ! 4:1-0
88*4
840. 80.8
64*1
78* 1
79*9
81-01 BO-t
74-6t 71-U
90*0
80*0
78*0
86-0
86'0
91*0
60*0
98-0
48-0
98*0
62*0
78*0
98-0
(WO
780
bl-0
96*8' W6-0
96*0
95*5
92-0
58-0
78-9
700 700
82*0
bfru
08-0
»A-(
96*0
80-0
78*0
01*0
am 8M
81-0 4H-0
ano
88H)
87*0
Charleston,—
Highest...
—
970
Highest...
100-0
71-0
80-0
Average...
Statebunj,—
880
('25
84-6
77-1
Lowest
Average..
78-0
»7-»
69-8
81-7
96-5
87-0
79-6
90-0
66-u
78-0
99*0
lie*»|
79*1
93-0
81-0
80*0
91-0
»4*0
81*0
93*0
84-0
98*0
69*5
79*4
93*0
88-0
92-8: 92-0
610
97-9 103-0
848 67-0
77-9 793
5B-2
77-1
70-1
93-0
80-0
3M-0
89-1
420
7-4-2
89-11
35i-0
38-0
67-0
7J-5
Aiken-
85-9
48-8
70-9
67-0
75-6
87-5
42-0
89-9
78-0
28-0
53-3
90-1
49-2
71-0
se-0
43*0
85-0
92-8
43-0
71-3
55*2
37*0
35*5
84*8l
76*0
40*C
58*9
75*0
33*01
64*01
81*1
50*2
64-3
78*6
604
59*8
42-(l
Utgheat.
84*0
36*0
60-9
7n*n
31*0
64S
87*7
4*2*9
bOo
84*2
38*0
6U*8
..
Ulgneat...
Lowest
...
Average...
fort
44-0
-
•
617
•
Vtt
8^r^
8^-0
74-V
80-»
97-0
a8-«
80-0
80«
88-0
4ir«
70-0
vn
88-0
48-0
78-4
99*8 103*8
es*4 «6*<.
80*0 81-8
98-0 100*0 100-8
59-0 64*0 87-1
78*0 78*1 78-1
83-0
48-0
«7*0
88-0
48*0
88*1
87*0
87*0|
86*0|
81*01
Smitk-
«ao
77*0
60-6
81-0
78-0
I
Ulghest...
Lowest
Average...
88-8^
ero
48-0
73-8
81-4
88«
—
92-5
62-5
76-7
97-3
57-5
78-4
95-8
910
F8-5
96-2
58
49-5
73-2
4r5i
4-2-R
85*2
36*0
72-0
84-5
39*5
62-9
88*5
42*6
70-2
590
6(i-9
Highest... 100-0 103-8 103-8
95-0
99-2
59-9
78-p
P4-C
610
77»
99-8
58-0
78-4
91-1
41-S
BO-6
98-2
44-B
73-8
88*0
SB-5
62-8
83-e
88-'l
416
39'4
B2-4
89-IJ
95-7
91-2li
89-9
95-1
fO-U
74-2
111-5
IS-t
44-8
70-5
54-8
78-2
92-0
45-0
70-0
88-8
72-1
81-0
37-0
60-0
79-2I 82-1
4O-5I 30-1
55-8 69-6
101-6
69-0
990
97-1
64-3
97-5
90-8
53-0
93-0
50-0
87-0
73-0:
61-4
82-3
40-0
63-5
850
75-1
91-8
47-5
72 6
95-C
87-0
80-0
89-0
61-u
79-0
87-0
55-0
74-0
90-1
60-(
78-0
44-0
80-0
47-0
76
82-1
640
Va«*iDl«e.Illghest.
88-5
66-2
f«*7
80*0
68*0
78*0
88-0
820 62*0
780 780
88-3
67-8
78-0
81*0
40-0
88-5
78*1
880
88-0
910
—
Lowest
Average.,
tfemphi*.—
Highest..
Lowest...
Average..
Ittiwooa.—
Highest..
880 96-0
420 450
6»0 71-0
780
34-0
61-0
77-0
40*0
58*1
90-*
990
96*9
80*6
77*0
B7-S
68-"
78-9
81-0
61-0
71-8
88-8
80-^
08-4
98-7
4811
95-8
82-0
V»0
1*7-0
88-0
78-8
410
83-0
38-0
are
08-0
43-V
78-8
80-7
88-8
8*1»
li
78K
84-0
88-0
601. tfru
fa
87 8 6r4
87-8
(8-0
78TI
80-0 "Km
80*0 S(i-0
48-4 B«-8
84-0
87*8
80*7
90-0
B2-0
85-0
96-1
9ro
880
65-0
79-0
70*0
30*6
»;l-0
91-0
62-0
79-1
97-0 loro;
64-0 74-0
SO-9 88*7!
88*0 100-0 I08-0
60*0 64-0 64-0
78-7 79*4 81-7
90-0
40-0
69-8
88-0
88-0
88-4
88'«
48-0
77-4
soil! 80i>
88-0
88-8
88-0
84-8
Highest...
00-0
93-0
76-0
93-5
71-0
91-8
71-4
86-7
66-0
88-4
67-2
83-9
85-1
81-9,
syi
88-0
67-0
77-6
88-0
67-2;
8J-8
91*3
73*6
82*0
88-0
Lowest...
Average.
PaUttine.—
7r8 7W7
54*0, 88*8
72*1' 77*8
99-0
70-0
81-8
84*6 101*8
63*i( 65*5
79*8 88-0
95*3'l00-0
68-4' 61 -8
79-3 88-9
90-0
83-0
71-8
90-8
88-0
71-B
82-4
80-4
79-8
80*0
88-0
83*8
eo-t
83-0
41-0
63-0
89-8
44-8
ee-6
80-4
88-7
8«*0
800
888
88*4
87-7
84-8
84-0
^
8T0
83-0
74-5
80-0
80-0
7S-2
87-0
S8H)
80-0
8»0
881)
80-0
81-0
93*6
81*5
BS-&
89-0
5-2-0
T38
420
1M6
87H)
58-0
78
94-0
H\-i
Lowest
Average...
97-2
C6-4
87*.-
80-;
73-2I 78-6
lustm.—
Highest.
.
Average...
1
8S-0
04-0
TEXAS.
80-0
32*0
92-0 101-2
47-0 52-li
72-8 78-5
92-0
44-0
65-7
88*0
47*0
64*3
91-0
38-0
66-1
GEORGIA.
7-<-5
Highest...
Lowest
Lowest
H6-0
Average..
Atlanta,—
n-i-i
85-0
79-2
88-t-
si-s
Highest...
115-0
Lowest
84-0
76-0
94-5 lOD-0
6o-S 590
78-C 77 6
950
99-1
Average...
8 tvannati.—
Highest..
t.owest
Average...
70
78-6
W4
61-0
77.8
960
Highest...
681
810
Columbus.—
95-li
10-3-0
93-(.
Lowest...
7.J-0
Average...
731
72-0
83-0
84-0
83-0
Bomt —
Highest...
Lowest....
Average...
WOTtVth —
Highest...
Lowest....
Average...
98-0
67-0
81-0
95-0
7a-o
bl-6
7S-5J
99-0
65-0
67-0
79-0
820
870 98-0
620 BOO
4>?-C
74-6
i
'
65-0,,
79-9,^
75-0
«7-t
78-C
97-0 102-t
72-0 73-C
82-0 81-5
81-0
93-C
54-0
78-0
92-0
70-0
77-4
99-t'
97-0
98-C
91-0
680
62-1.
660
81-0
80-3
75-8
420
88-0
Average...
rort EUiotrHlgbest... 108-0 101-4
52-0 60-2
Lowest...
Average
Olebum^—
i
9S-0
69-6
79-4
790
Highest....
920
92-0
70-0
80-0
79-0
41-8
65-6
Lowest...
Average...
Atwf inHighest...
98*0
70*0
86*0
980
101*8
66-0
71
80-0
Average...
84-11
870
99*0
72-6
81-4
.
Lowest
..
610
j
00-0 104-1
60-0 87-0
78-0 73-9
98-5I
97*8
59*0
96-0
64-0
97-Oi
660
760
1
.9
79-1
74-0
88*0
42-0
89-0
99^) 101*0
71-0
81-3 859
93-0
81*0
76*8
99*0
'
.
700
83-6
80-4
76-0
6(<-6;
58
Jaclaonvitle,
Juty.
August
Strttmber.
1889. 1888. 1887.
1888. 1888. 1887.
1880. 1888. las;.
VIRGINIA.
—
Norfolk
Rainrall.in 10*69
5-26
12
6-33
14
5-93
7-81
18
8-87
8-41
6-10
S-08
80
18
17
88
7
trUmtnflt'nBalnfall.in 11-10 8-87
12
Davsrain.. 31
6-77
781
4-81
18
8-88
18
0-46
18
9-88
14
3-18
19
7
1
6-37
8-64
1-82
3-48
8-88
10
17
9
5-88
18
8-86 10-88
20
1-46
7
9
16
7-46
IS
4-63
11
6-83
13
803
8-88
8-36
Days
-23
rain..
7-88 8-84
18
IS
8-38
artn
C-48
13
8-tt
10
3-31
8-87
97-1
67-7
95-0
B-2-0
570
80-*-
78-1
55-1
74-4
95-1
55-3
78-0
90-0
45-0
61-0
86*0
49*9
67-5
87-9
40-0
70-1
00-7
71-a
80-8
92-1
68-9
82-6
89-4
89-0
90-0
71-0
8C-B
91-7
70-U
75-8
91-1
65-0
79-4
Bl-0
55-0
75-4
90-6
82-2
77-8
85-0
49-0
65-8
828
B60
85-9
.39-
Hainfall.iD
8-17
1-68
70-6
7*2-1
Days rain..
13
15
98-C
95-0
60-C
102-0 100-0
D2-0 59-0
78-2 79-3
93-0
95-0
37-0
71-6
8-88
14
1-82
6
569
8-19
14
2-31 lS-18
11
8
18
8
«
79-0
91
SH-0
65-0
94-(
75-s
95-0 101-0
52-0 67-0
78-1 84-9
8-75
3-81
95-0
930
90-9
7
4-00
12
6-OC
11
5-)-4
8
10
4
80-8
87-0
79-0
690
18
80*
87-9
80-5
C8-0
49*0
87-5
680
91-64-(
3-66
94-4
69-4
8-69 14-lS
98-i
8-25
11
5-87
93-0
70-0
8l-t
80 8
8-06
su-o
63-5
76-7
92-5
69-5
86-8
915
7*74
18
7-86
18
4-18
18
8-17
93-C
8-74
14
4-01
950
4
8-33
18
4*90
7-08
4-28
11
4-96
3-83
8-81
0-78
iMke ('«]/"—
Highest....
Lowest
Average...
litiMtiiHeUighest....
.
Average..
efl-(
7l-(
710
80-8
.
Average...
81-7
93-0
76-U
79-9
i
42-C
70-7
76-0
82-7
89-0
66-0
79-4
89-.-.
8-59
Rainfall.ln
Days
7f-4
77-8
«B4
72-5
90-0
54-0
910
490
720
93-0
B8-0
76-^
8B'0
74-7
88-0
47-6
67-8
510
87-0
44-S
74-8
r:iia..
nkarhtterratanrRalnfall.ln
Days
rain..
Days
rain..
87*0
88-5
380
68-3
8-87
11
14
8-43
8-78
11
0«
6*37
8-00
6
«
8
1-81
0-78
4-88
81«
8
8
It
8
10
6
4
ra»
l-IO
S-40
It
Charleston —
Days
rain..
—
Statehuro
Kainfall.in
6*88
17
10
4-10
lu
16
....
....
....
....
9*26
15
3-50
10
8*04
8-30
19
Rainfall.in 1010
rain..
13
1-78
8*83
11
16
rain..
Ralnfall,ln
99-0
97-6 100-4
67-2 70-4
01-3 79-7
94-2
e2-«
78-6
97-2
81-8
78-0
96-5
95-0
59-1
5ll-o:
79-6
79U
75-4
B5-0
70-0
»6-8
88-5
900
93-0
i'Q-0
695
6.'.-2
Average...
81-1!
Sua
97-5
68-0
80-4
93-2
Lowest
780
78-»
79-9
90-0
71-U
81-0
97-0
76-0
81-4
950
f3-0
64-C
77.0
90
BB-0
79-8
Highest...
98-0
BVo
930
98-0
Lowest
920
72
6.1-0
Average...
80-7
B6-0
80-0
80-3
76-0
91-0
62-0
78-4
Lowest
86-1.
Average...
Mobile.—
Highest...
Belma—
90-5
48-2
71-6
9-c-b
88*5
St)*(
84-0
«3-0
88-3
tO-li
75-7
63-9
63-4
83-5
93-0
63-0
78-7
90-0
7a 8
96-S
53-i
77-0
85*0
43-0
68*0
88-0
48-0
05-2
87"J
34 4
6B-4
01-t
B3-1
78-4
98-0
75-0
85-0
44-0
71-0
94-0
6U-0
74-7
FS-0
39*0
«7*C
8(*0
41-0
62-6
80*0
31*0
61*7
92-0
8V0
380
80-0
43-0
80*0
02*3
B-2-jj
320
9
13
18
a
S-81
S-06
Lowest
Average...
Auburn-
Days
1
8»-0
77-0
510
93-0
87-0, 95-0
625
480
77-7
73-7
46-5
72-3
61-0
73-3
320
61*7
rain..
Ualnrail.ln
4
10
U
•••
....
....
....
....
6-48
7-88
0-86
8-68
r48
8
8
4-28
10
8-87
11
8-88
18
H. iirUam.Highest..
95-0
96-5
Lowest
89-5
93-1
5a-ol
55-1
58-5
77-lJ
75-3
77-li
88-0, 85-0! 85-8
40-0 61-3! 3ii-,>
87-4 67-J 661
920
98-0
47-u
97-3 101-5
69-0 B5-8
79-8 81-6
920
8II-0
Highest....
m-i
Lowest...
Average..
7-^-1
8U-I
Liberty lliuHlghest....
91-5
67-0
81-h
640
;
79-9
h
94-5|l
8
lOiO
681.
«jO
73-0,1
Hib
84-0
85-6
600
41*8
68*1
1
940! 100
0,
10-2-5'
69-01 6;-o1 79-0
81-51 e2-5| 8»-3
760
98-0
48-0
73-5
900
880
810
95-0
92-0
960
98-0
820
95-0
62-0
98-0
KO-0
77-0
7D-(J
790
750
91-0
56-Oi HO-O
77-0
96-0
52-0
73-0
riKnrea for 1888 and 1887 are for Archer.
90-(.
48-1
82-0
42-0
94-0
70-1
67
71-0
rain..
lO
18
6
6-71
18
Days
S-68
18
3-sa
10*
6-83
8-43
rse
0-81
1-80
12
6
It
4
8
1-85 14*11
19
11
6-78
18
3-89
7-81
4*78
7-80
18
r83
16
10
8-33 1661
M
S-78
e
8*83
11
3-43
8
2
8
4
8
8
4
7-«8
410
8*97
0-90
3-60
3-46
8-70
0-88
8-10
8-06
Atlanta.8*83
Rainlall.ln
Days
18
rain..
S ivannah.—
6*21
Ralnfall.lii
Days rain..
10
0*82
6
14
17*
8-38 14-88
10
8*49
10
Days rain..
Soms.—
....
Days
1-70
8-81
Rainfall.in
4-tO
4-68 10-34
8
17
1-87
U
13
1-89
Oohimbus.—
3-33
7-83
8-.il
6
8
0-*4
3*2*0
78-0
24*0
r»*o
6,i-,l
U
»89 S18
18
9
e-8i
4-IS
7
3
9
3
4-80
8-0;
8-19
8-70
8
8
8
1
8-57
8-18
4
4-68
10
4-S8
8
8-49 11-16
11
18
8-4(1
1-88
8**
13
1
10
18
4-87 19-89
16
17
1-11
1-81
8-43
0-43
3
8
11
8-87
10
8«10«!
8-81
7
1-8S
8-88
1*18
6
18
8
6
8
6
sua
18-70
8-30
8-50
8-42
7
10
IS
8
M
8-70
14
7-80
!8
8*30
18
8*80
8-98
17
80
4-88
31
8-70
14
Rainfall.lr 10-03
Days rain.. 21
4-11
12
8*40
4-08
8-80
8-46
18
19
13
9
S-»4
8-78
8-17
8-81
rain..
RalnfalMi,
Days
rain..
7
6
8-61-
It
7
FLdRlDA.
Rainfall.in
Days rain..
Usilar Keys.-
Days
381'
1
11
F.jrsyth.—
Days
rain..
10
1
13
13
18
18
7-69
19
8-62
7-SS
8-80
4-40
14
16
12
2-47
11
6*18
3-46 13-48
4-76
7*41
S-7[
rain..
14
ZaUatuMte*—
Kainfall.in
1-87
!
Rainlall.ln
81-0
840 78
420
S
8-41
QKOUaiA.
ntusrillrUuinlaU.ln
Highest...
8
8-81
Lake City*-
320 :i*iO
080 890
MISSISS'PI.
Columbus.—
Lowest ...
Average
.•••
6-49
18
JackaonvUle^
91-2
«9-d
7B-7
1
9S-1,
58-0
78-6
1
91-8
70-5
65-0
81 B|l 78-9
il
.
91*2
37*8
6»*2
92-2
95-0
BO-6
87-4
43-6
83-4
93-3
08-7
80-U
986
Average...
Qr'd Coteau-
88-0
3U-0
85-6
5-rO
74-2
94-3
71-0
81-0
103-8
66-W 69-0
81-4 82-41
70-4
92-5 lOO-O
520 53-8
7-20 77-6
93-7
69-6
78-2
98-3
Average...
Shreveport.Highest...
880
90*0
92-0
70-0
80-6
719 7^0
87-0
54-7
67-9
91-0 94-0
55-5 8075-2 77 3
95-8
70-0
81-5 KO-5
940
8-^-6
Lowest
•
ivtusta.—
Rainfall.ln
.
•.
•..
....
•
.18
8-18
Oolumbin.—
Days
62-(l
1
Highest...
.
18
8«4
1-88
ilken.-
Umtgoin'y,—
Highest..
Lowest, ...
Average..
8
1-84
8
S.CAROL'A
Days
ALABAMA
7
10
7
8-07
16
Moruantfni.—
Ralntall.iD
430
8
tVeUUm.—
Kaintall.in
-
Highest
'.9-8
62
18
CAR'NA.
96-0
67-2
70-5
80-5
80-0
89-1
1888. 1888. 1867
95-0 102-0
S4-0 65-0
780 82-2
Lowest
Average...
88-0
88-8
Octetar.
1
94-0
61-c
79-7
01-0
71-0
80-4
87-3
S-1
Batnfatt.
97-0! 98-4 100-3
70-0| 68-0 69-3
Sl-9i 80-2 81-8
.
84-8
47-8
88-4
3ii-0
M.
Highest...
Lowest....
Average...
Ctdar Keys.Highest.
93-4
..
FliORIDA.
LODIS'NA
ffS
82-0
62-0
77*8
64-0
88-0
48-0
84-0
78-«
Aumut/l.—
.
^S
B
rBNNKS'E,
82*C
41'0
60-9
lOS-6
87-2
80-7
l«-5
63-S
80-S
..
laUahassee
•7-0
9alt)(i«ton.—
Highest...
.
an
aro mrt
80*0
80*8
70-8 t8*«
Helena—
Lowest
770
Lowest
Columbia—
•4-0
AKKAN8'8
580
8I-9
36-5
Hlghest....
Average...
^
48«
87< 7»I
600
77*8
Vtii
7a*4
9tnt
48-0
81*0
(34*7
80-0
50-0
74-0
78 8
97*0
7<*0l 83-9
8BD
78-8
84-0
48-0
•7*8
7S-B
93*0
61*0
76*8
8i-0
34*0
6B-B
70-0
83-0
97-3 lOO-Oi
e5*« 61*31
81*8 81*2
93-9
39-6
58
78*8
87*0
BO-O
73TJ
bO'4
88-0
88-2
65-7
91-0
778
86-0
85-0
79-7
B8-0
63-0
820
98-0
67-0
80-2
78-4
98-0
61*0
77*8
83*0
Lowest
.13*0
65-7
070
89-0
84-0
78-S
—
84*0
OO-O
94*0
Average...
77*0
88'C
55-i
40-0
65-7
85-0
48-0
68-0
t
87*0
34*0
56*3
980
400
688
81-0
36-5
69-0
8S'0
42-0
71-8
6»*0
81*8
67*0
83*0
LMUl Rock.-
9.3-5
86-0
4B-0
71-4
s^l^ 81
NA-0
88-0
88*0
34*8
62*7
87-0
42-0
67-5
70-1
n
S
3
^SS
msS
SI sslfii
76-8
81-0
49*0
71-0
44-7
69*7
711
45-0
M8T Ma8.|UHL um.
88*0
70*0
97-0
O'l-Oi 64*0
7B-2| 80*5
Lowest..
Average.
TB*ji 85*3
890
!
1
~
74*0, 7«*<«
83-0
37*0
81-0
S.CAROL'A
•
98-7
87*«
91-0
42-3
61-9
71-8
Wtldon.—
Lowest
08-V
86*0
79*«
68-4
79-9
f2*0
M-0
Ulghest....
'
niKhest...
Lowest....
Averiwe...
Lowest
9*1*0
82-0| 78*0
Lowest
Avenwe...
78-81 87*0
40'C
1888. 1888.
8roolclht(>m-
Highest....
llghest...
A)weit...
Lowest
Average
MM). 1888. 1887.
Leiaiul—
Average...
.
MM.
\v«nwe.
August.
July.
VIKOINIA.
HorMk.-
Lowest
l88W.II88a
16
11
11
8
5
Dcystain.. 13
* nxures for 188:1 and 1887 are (or Aroher.
7
8-35
14
6-32
8-06
13
81
4
4-41
1
16
»JS7
7-80
4-8F
4
IS
4
0*78
1
1
8
8
S-^J 18-17
8
18
8«> r7
8
*
.
.
.
.
THE CHRONICLK
696
^UflUt.
SepUmber.
1889. 1888., 1887
1889. 1888. 1887.
July.
October.
1
BMn/aa.
1889
U«*.
1888. 1887.
B-TO
!7
s-m 8-M
1»
2-04
7
4-35
11
SOS
15
8-Sl
17
6-78
Vi
IS
4
4
9
Rainfall.tn
Dajts r«ln..
gsr,
S.lfl
4-,11
2-81
u'.ia
4-31
6-07
804
6-21
0-0
16
1.1
22
8
8
11
8
4
2-48
11
2-40
IS)
Ralnfall.lD
4'W
8-96
8-26
8-74
1-8.
4-41
n
e-98 lo-oa
8
i«
1-77
246
D«r8 nUD..
tea 4-85
8
6
5
11
8
2
8
7
Kalnfall.tn
n-m
4-55
ai09
8-7.V
4M
4-32
8-49
4-70
7-18
1-52
4-39
2-74
lu
6
20
18
4
10
4
8
5
8
9
6
KalnfuIMn
Days rain..
Wvrwevort.—
8-13
21
2-oa
7-85
8-8t>
*8-7«
4-67
4-71
18
28
13
7
0-28
2
736
20
4-15
12
6-51
13
6-40
11
7
7
Balnfall.in
S-4S
0-91
8-64
108
2-73
3 05
8
7
2
8
5
0-87
4-57
8-82
2-70
5
4
ALABAMA.
'^tste
D>T> rain..
8-33
JToMlt.—
Mau—
Auburn—
Days rain..
IiOUIS'ANA
lil
W
IN
2-97
11
Balntall.lD
Dayi
rain..
UktrtyHfllKalnfail.ln
Days
rain..
4'ltt<
803
8
AM
2-07
7
10
1-W)
11
««t. Cbtrau-
8-78
18
BIS
3-86
8-07
1-.87
1-75
S-51
JO
8
2-13
12
18
8
3
6
fi
+
1
C-88
13
1-86 11-18
market
now on a
is
lbs., 8c. for
8
1
Nevj Orlearu-
Days rain..
5-39, 2-47
l-(
2-94
3-27
1-46
0-86
8-74
0-46
quiry
2
and
lbs.
Days
rain..
noted for jute butts, which are now held at 1 -70,^ l/i<^.
and 2 @ 2J^c. for bagging qualities.
is
The Exports of Cotton from New York this week show a
decrease compared with last week, the total reaching 14,072
Below we give our
bales, aEainst 20,109 bales last week.
usual table, showiug the exports of cotton from New York,
and the direction, for each of the last four weeks; also the
total exports and dirt- ction since Sept. 1, 1889, and in the last
column thij total for the same period of the previous year.
EXPOETS OP- COTTON (BALES) FROM NEW YORK SINCE SEPT. 1, 1889.
8
Vetk Ending—
14
«
8
6
8
4
3
1
8(»
4-07
S-98
2-87
2-34
4
9
4
0-75
2
2-94
9
2-79
7
8-23
10
4-44
11
8-45
la
(lao
7
10
6
5B1
8-04
411
8-13
u-io 2-48
1-14
1-32
4-5S
2-99
8
17
6
e
14
7
0-16
3
2-87
lU
8
10
3-HO
1-80
9-20
0-00
U
7
17
S
12
4-60
0'0«
808
l-8tl
10-39
8
11
Oel.
Exported to—
Rainfalt.ln
rain..
OrooKhavenRalnfall.ln
Daya rain..
Cn<nviU»Batnialljn
Daya
rain..
tAUnd—
Ralnfall.ln
Days
rain..
Clarlmdalt—
RalnfalLIn
Daya
U
2-91
6
V
11
S-41
JO
1-80 10-10
8
2-75
IV!
40H
16
1-87 18-04
8-70
7
2-30
4
3-70
1-90
8
4'G5
8
2-69
3-61
1-91
2-26
0-61
800
2
fl-,SO
Ralnfall.ln
Days rain..
Hsleno—
7
151
0-40
3-76
1
10
Balnfall.ln
Daya rain..
Smi h—
1.63
3-64
U
4
7
3
3
1
8
4
9-72
1-40
2-86
1-83
0-50
1-78
3-m
5
8
2-69
4
8
1
4
1-18
5-90
1-33
1-04
1-99
3
2-39
0»7
12
5
3-40
12
166,02S
2V!,857
164,91S
38,23»
6,709
188,885
203,154
1,200
1,731
16,300
20,013
2,853
IS}
7-.M)
U
.S-7^
1-74
3-Oli
1118
10
7
7
14
40,1
la
3-22
5-43
13
2-12 11-18
»
13
6
11
14)
8'2()
4-94
5-35
S
11
12
8
IS
6
ll
890
1-78
4
0-53
3-74
0--0
19
0-60
3
10
5
8 57
V
*-89
7
6-81
11
8-82
10
6-86
1-54
a-SD
1-(I2
10
6
14
6
1-21
301
1-03
2-lf
0-75
8-61
2-24
7
9
4
9
S
10
«
3-81
1-38
8-22
7
2
Bp'n,Op'to, Glbr., Ac.
All other
3-30
14
6-82 10-44
»-08
4-87
3-34
8-40
10
3-42
7
1-OU
11
2 51
4
2-5S
6
6-70 U-93
7
7
4-51
12
4
4
V
8
Ralnfall.ln
5-78
TBfl
6-85
1-81
8-59
4 07
2-62
1-31
Days ram..
S
12
8
10
5
6
4
3-46
9
207
b
2-33
10
3-01
ISl
0-75
vn4
6-48
8-98
8-32
2-541
+
8-67
4-37
Uoiitkly
e
1-62
10
5-11 14-46
3
e
10
3
9
10
Receipts.
2!!1
4-31)
2-97
8-21
4-73
11
0-27
4
2-2l
7
1-21
1-51
320
0-71
1-8-,
2-9M
4
IB
7
Qiilvtst&n.—
Ralnfall.lii
Daya rain..
•f
12
10
12
6-18
8
O-Ui
8
2-2:
1-91
8
2
8
6
3
4
1-87
0-48
4-08
000
2-35
6
2-42
4
2-!M)
2
6
5
4
V
7
4
12
3-62
7
IIM
l-3«
S-17
0-28
8-40
16-0
4
8
9
I
It.
15
3
2
7
.SlKt
UK5
+
0-49
6-39
1-67
6-12
116
2-85
0-9>
4-48
8
8
15
8
6
2
8
4
0-88
0-69
8
3
7
the British Board of Trade returns.
have reduced the
movement
It will
all to
be noticed that
pounds.
ClOtK
lamAlhreeid.
lotdl of Att.
O0O> omitted.
1888.
1889.
Yds.
418.390
420,462
426.969
1889.
1888.
Ua.
74,190
95,75:
85,170
111,171
LbB.
97,778
00.990
101,692
Tot.lat quar,
70,687
69,310 1,307,908.1,295,811 237,801 230,148
ApiU
28.386
23.682
880,957
76,562
May
430,580
78,162
June
22.956| 23.83*
20.622' 20.67;
376,865
62,951
Total 2d qr..
65,934
July
23.SS2
23,14'
Anjcust
22.127,
2.'<,6«!)'
450.219
416.881
19.969
23.214
882.1179
65,628
March
—
Tils.
431,429
408,041
468,435
1888.
78,441
21,705
23.544
24.061
.
Lbt.
1889.
Lbt.
101.552
Lbt.
28,111
21,567
26.009
February.
308,488
299,458
69,265
78,237
68,339
98,948
101,108
83,573
92,947
101,926
89,011
67.99( 1,197,157 1,187.402 217,665 215,891
283,629
283,884
69,578| 75,990
105.390
97.869
89.547
103,815
101,507
99,204
50,039 l,249.471il 1.288.0291237.178 234.187
298,806
304,2i8
202,270, 207,342 3,754.514 3,741.242 682.644 680.226
884,925
837,563
100.S3-
J
.
Tot. 3d quar.
TotalOmoa..
October
23.2471 26.010
442.063
428.020
417.946
42.^.4461
We
Tear Beginning September
1889.
1887.
1888.
1886.
1.
1884.
1885.
345,44*
Sept'mb'r 561,710 332,0 I7j 654,776 359,203 385,642
1,326,358 1,133,016 1,213,404 1,034,450 1,055,524 1,090,385
October
Total.... 1,887,068 1,465,033 1,868,180 1,393,653 1,441,266 1,435,830'
Pero'tageof tot port
26-71
3006
26-19
26-41
33-34
receipts Oct. 31.
.
This 8tatem°nt shows that up to October 31 the receijita
at the ports this year were 423,035 bales more than in
1888 and 19,888 bales more than at the same time in 1887. By
adding to the totals to Oct. 31 the daily recsipta since that
time we shall be able to reach an exact comparison of the
movement for the different years.
1889.
1887.
1888.
1886.
1885.
1884.
Tot.Oe.31 1,887,068 1,465,033 1,868,180 1,393,653 1,441,266 1,435,830
41.951
31,747
45,464
8.
36,096
38,008
Nov.l....
B.
'
37,080
52,230
55,245
56,520
44,468
2....
59,119'
'
41,293
36,645
48,601
8.
40,552
3....
40,493
•
50,241
36,619
8.
40,678
53,093
4....
34,866
40,917
'
27,625
54,659
43,781
63,291
5....
34,699
8.
56,534
'
40,812
44,668
45,495
6....
56,307
61,088
S.
27,266
'
39,912
44,766
7....
29,523
61,309
56,690
8.
'
42,263
8....
49,022
S.
41,0tJ8
46,995
45,511
'
47,893
9....
43,025
44,994
41,411
34,769
38,271
'
35.012
8.
10....
41,677
55,807
35,410
35,572
•
B.
62,024
11....
34,93&
37,071
55,018
33,792
» 12...
44,064
49,806
50,21»
8.
47,217
51,649
'
47,790
49,135
13....
67,765
58,418
8.
32,435
*
42,119
44,149
14....
51,535
66,538
S.
29,897
'
36,913
46.349
15....
43,084
B.
48,316
56,629
'
56,471
42,625
16....
44,132
61,482
34,725
39,487
35,732
8.
17....
38,643
54,724
29,294
45,477
'
B.
50,869
18....
52,976
31,601
'
39,934
32,920
51,847
19....
66,565
37,631
58,828
41,333
B.
57,813
20....
35,313
'
8.
36,134
65,818
38,348
62,598
39,481
21....
" 22....
62,6i)8
S.
42,555
33,775
29,956
53,754
462.527
81,858| 80,375
75,7421 77,S2i!
76,99o' 84,096
'
,
Total . 2,803,306 2,309,624
Peroentac e of total
41-63
port rec' pts Nov.22
.
Btockinsaand socks
Bandry articles
....
2,155
19,284
Total exports cotton mannfaotnres..
•.«,757,649
2,257,941 2,202,491 2,263,314
1,019.093
1
The foregoing shows that there has been exported from the
United Kingdom during the ten months 1,006,988,000 lbs,
of manufactured cotton, against 1,019,093,000 lbs, last year, or
a
not accurate
110.108
I
September
is
as the weeks in different years do not end on the same day of
have consequently added to our other standing
(he month.
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
The movements since
movement for the years named.
Sept. 1. 18t?9, and in previous years, have been as follows:
I
Exports of Cotton Goods prom Great Britain.— Below
we give the exports of cotton yarn, goods, &c., from Great
Britain for the month of October and for the ten months
since January 1 in 1889 and 1888, as compiled by us from
January
.
364
3
4
1-83
Inappreciable.
we
8,754
5,674
2,2.59
6
10
«
O-HM
Wart Elliot—
Daya rain..
Auttin-
"65
—A comparison of the port movement by weeks
TKXA8.
rain..
73,463
2,«50
14,42&
lu
Balnfall.ln
47,345
311.058
2-12
Days
5,567
5,109
4-77
IV
AshlWKKJ—
rain..
3,420
257,639
12
Days
4,152
65
lli
Balnfall.li.
7,125
14.072
16
Ralnfall.ln
21,389
16.413
35,661
460
12
rain..
3,897
300
14
Rainfall.tb
548
Comparative Port Receipts and Daily Cf op Movement
Utmvtiia.-
Daya
1,201
1,843
100
703
rain..
1,4-28
Grand Total... 30,956 17.887 20,109
Total Spain, Ac
3
1-57
Bainrall.ln
20,01S
14,079
15,957
17,309
"ieo
3-77
Days
16,300
469
"Too
«S«
rain..
1,731
1,250
1,622
"ioo
2-74
Days
1,200
781
750
—
Tot. to No. ecrope
8
Kafnfall.ln
1,210
5,608
Total French
Bremen
Hamburg
Other porW
ID
rain..
2,853
Other French ports.
TBNNES'E.
Daya
1,210,
767
Havre
347
4
SathviUe.—
Balnfall.ln
year.
4.521
2,188
Tot. TO Gt. Brit'n. 20,878 12,225 15,029
183
11
4(M 4»1
Sept. 1.
9,799 11,883
2,426 3,146
2-28
11
Balnfall.ln
Days rain .
21.
period
previout
a
«
8
14.
lg.S09
Utiier British ports.. 2,369
8
0-48
8
Jl»rt
7.
Same
Total
gince
Ltverpo>l
AaK'M8A8.
hitUt Roek.~
JVou.
8-60
4
212
S-im' 6-97
7
rain.
6
Kov.
!
6
8-80
7
Kor.
31.
8
Vidcaburg.—
Days
6%c. for 1}4 lbs., 73«ic. for 1%
Only a moderate in-
for 2}4 lbs.
for paper grades
MISSIS'PI.
Balnfull.ln
basis of
8;!^c.
8-08
11
XUZ-
Jute Butts, BAoaisa, &c.— There is a steady demand for
bagging, and with lower prices buyers are taking hold quite
Quotations have been reduced by sellers, and the
freely.
10
1888.J1S07.
[Vol.
decrease of 12,105.000
lbs,
49-22
42-44
40-81
47-38
This statement shows that the receipts since Sept. 1 up to
to-night are now 498,682 bales more than they were to the same
day of the month in 1888 and 50,657 bales more than they
were to the same day of the month in 1887. We add to the
table the percentasfes of total port receipts which had been
received to November 32 in each of the years named,
—
.
November
23, 18«9.
THE GHRONICLR
|
The Following aue the
(inoaa Reobipts of Cotton at
Boston, Philadelphia and Baltimore for the past
week, and since September 1, 1889.
New Y jrk,
N«W 70KK.
TMi
trom—
BOSTON.
PaiLADELPB'A
BALTIMOBK.
vfeek.
ThU
Sept. 1.
w<«fc.
Since
Sept. I.
TM$
atnce
week.
Bevt.l.
77.573
TexB
7.514
20,479
J0f>,787
Savaiinah
11,331
ISa.lfjl
758
8.703
8o. Carol'H.
No.Carol'a.
2,120
«3
45,507
6.68«
Irglnla...
6.681
697
Satakwaii— To Llverpwl-Nov. 20-«r>«m«r Inehborra, 6,030.
To Br,:incn-Nov. 19— Stiaiiinr K'lronn. 5,750.
To AuiHttrdam -Nov. 19 — HreamtT Trufo City, 2,500.
To K.!val— Nov. 15-Steumor ll.irrugaui, 4,401.
To Ilarcel lua- Nov. 16— 8t«am -r DuquMS da VUtalienilOia, 0,400.
To Genoa- Nov. 18-8tearaer Pawnee, 4,200.
Bbumswick— To Llverpoi>l-Nov. Id— Steamer Ben^ore Head,
OaABLBSTON- To Havre— Nov. 20-8teamer Hor.ice, 3,931
Nov. 10— Steamer
To Bremen— Nov. 1ft—Staamor Beading, 9,361
,
atnct
Thi.
Stnee
week. aept.l.
N. Orleans.
—
43,0J4
1,371
19,384
638
e«8
4,001)
16,701
Bnllesworth, 5,085.
To Barcelor a— Nov. 18— Steam'r Pontlao, 4.074.
•riLMiNOTUM— To Brsmen— Nov. 18—Steadier Thomjroroft, 4,625.
NOBVOLK—To Liverpool— Nov. 18— BtiiamerOl ollTer, 3,300. .Nov. 19—
Steamer Augertoo, 8,172
Njt. 20— Steadier Naot Gwyant,
5,107.
afoblle
riorlda
35
1.318
803
Northn pt»
8S9
2,600
88,184
To Bremen— Nov. 16— Steamer Straltbalrley, 5,206.
Wbst Point—To Liverpool— Nov. 15- Steamer Catcapedla, 6,974.
To Bremen— Nov. 1 8— Steamer UuntlDKt >o, 5,30o,
Nbwpoct New.s—To LIvoriwol— Nov. 18 -Steamer OleDllTnr,
BoiTOM—To Liverpool— Nov. 8-Hteainer lutrlan, 3,343 ...Nor. 13—
8,178
4,990
Steamer Venetian, 1,753
Nov. 15— Steamrr Tarlfa. HS3....
Nov. 18— Steamer MlctUgan, 1,482. ...Nov. 19—Steamer Bararlaa,
.....
8,919
8,858
Tenn., &c..
2.748
17,341
CorelKO....
Hi
1,801
This rear S1.V09
5.11,970
11.400
566,178
85,071
II!
15,840
48,407
807
2,58J
8.110
75
135
86,828
.t.338
18,873
8.504
44,174
131.679
1.891
81.457
15.874
79,M8
8,751
.
To Yarmouth— Not. 15— Steamer Yarmouth, 83.
8A1.TIMOBE—To Liverpool— Nov. 14— Steau.er Barrowmerr, 623....
Nov. 19— Steam r Peruvian,
Nov. 20— steamer
To Bremen- Nov. 13-Bteainer Mala, 1,438
.
Last year
68,094
.
1,201
Hermann,
To Hamburg- Nov. 12— S'eamor California, 850.
Paii.ADELi'HiA— To Liverpool— Nov. 19— Steamer Britl hPrloo*,
To Antwerp -Nov. 19- Steamer Swllzerland,
Below we give all news received to date of diaisters to
veesels carrying cotton from United States ports, &o.
Alaska, steamer (Br.)— A fire br.'>ke out In the oottoa on steamer
Alaska, at Liverpool, from New York, wh le nhe wax unloading at
the Alexandra dock, Nov. 15. It was c nSaed to No. 3 bold.
Seven bates were burned and one hundred dauiazed by water;
also su'idry iiackages. The vessel suitiilued no lojurj-.
Benuork Head, steamer (Br.)— Steamer Alusdalu, froju (.alveaton for
L vcrpool, was spoken off Cha'leston, Nov 19. with the steamer
Bandore Ilcttd. diiiablcd. In tow. Tile 1 »ttcr had sailed from
Bruntwiek, coiton ladoo. She broke her shafc 300 m:le« tait of
2,146
Harrow, steamer
.
Sheppino News.— Tlie exports of cotton from the United
States the past week, as per latest mail returns, have reached
217,927 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph and published in
the Chboniclb last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday,
Total
Liverpool, per steamers Arizona, 441
...City of Berlin, I..552.... Germanic, 1,072
Aurantn, 1,45«
To Hull, per steamer Santiago, 2,188
,
To Havre, per .steamer La Bourgocne, 1,731
Tiavp. 1.50
To Bremen, perateameis Kms, ai9
To Hamburg, per steamers Gellert. 941 ... Wleland, 380 ...
IIUdoIs,
To Antwerp, per steamers Do Kiijler, 1,24»
Nourdland, 58
1,139
To Ctmenhafe'on, persteam«r Hekla, 262
To Stettin, per steamer Slavonla, 1,189
To Genoa, per steamer Inizlativa. 2
To Ma/.atlan, nor steamer Newport, G3
STbw Orleans—To Liverpool, per steamers Actor, 4,083....
Caribbean, 2, 77i( .. Cuban, 3,265
Australian, 3, 370
Quido, 282
Gaditano, 6,814
Emlllano. 4,772
beUet
Kew York—To
V'-sta.
4,521
2.188
1,731
469
262
1,189
2
63
31,020
4,535
To Havre, per steamers Guido.7,o5T ..Mount
Olivet, 6,675
....Nantes, 7,476. ...Restormel, 6,337
To Bremen, per ete.imers Llsuacrieve, 7,2.0
26,583
Viceroy,
12,867
5.667
To UamburK, per st 'ftmer Puerto Rlqu
To Barcelona, per barki Esp ma. 400
no. 1,426
1,426
1,000
Maria, 600
To Genoa, pir steamer Letlmbro, 4,966
4,96l)
Galveston— To
Liverpool, per steamers Aiusdale, 5,828
Eliufleld, 4,427 20,132
Eastern Princo. 5,1.50
EaliDK. 5,027
4,817
To Brt-men. per steamer Princess. 4,817
BAVANN-ui-To Liverpool, por steamers .Athabasca, 6,087....
17,475
Carlton, 3,450... Ross-eliire, 5,938
Ketia, 7,Oo4
To Bremen, per steamers Alps, 4,000
16,216
Lileliam, 5,152
H
To
4,240
steamer ConinKsby, 4.210
688
,688
Brcnswick— To Liverpool, per
6,039
Charleston- To Havre, per steamer Deddinston, 6,U59
4,950
To Reval, per steamer City of Truro. 4,950
Emmanuele,
To Barcelona, p r barks Amazona, 1,230
3,383
1,050.... per brigs Angela, 558 ...SeKondet, 500...
Wilmington— To Liverpool, per steamers Lochmore, 8,000 ...
13,176
Wlvenhoe, 5,176
Hokfolk— To lilverpool, per steamers Bellenden, 6,785
14.990
Toledo, 8,205
7,766
West Point— To Liverpool, per steamer Spindrift, 7,766
Iowa,
Boston— To Liverpool, per steamers Bostonian, 1,166
Rev.al, per
2«....8cytbia, 487
1,679
14
To Yarmouili. per steamer Yarmoath, 1 4
Baltimore— To LIverpoo', per steamers Nova
O-xenholmc, 2,489
..
Scotlan, 1,209
Rossmore. 2,736
To Bremen, per steamer Rbein, 1,100
To Antwerp, per steamer Bialto, 20O
Philadelphia-To Liverpool, per steamer Lord Gongb,
6,434
1,100
200
217,927
Total
The
1,434
1,434..
particulars of these shipments, arranged in our usual
form, are as follows:
York. 4,521
N. Orleans. 31,«20
Galves'.ou. 20,432
Savannah
.
Brunswick.
17,473
A
1
Cotton freights the past week have been as follows:
Aitur.
Havre, burp. Sitltin Otnoa.
2
2,188 1,731 1,670 3,897
5,966
26,588 14,233
4,817
10.216 4,240
ITutl.
4,950
6,059
Charleston
Wllmingt'n 13,176
Horfolk.... 14,990
West Point 7,7ta
Boston
1.679
Baltlmoro
6,434
PhUadelp'a l,4ii4
1,100
.
attan.
3,388
200
2.188 34.378 38,126 13.287
Do
late dellv'y.d.
Havre, steam
Do
e.
sail
e.
Bremen, steam
Do
c.
Indirect
e.
Hamburg, steam.e.
Rsval, steam
Do
».6
'fid's 2ie«a«n 2I„»S» !"e4«=^
Per 100
70-
^^M^H s'sif*
....
....
....
....
....
.—
»!«
•is
»1«
»l«
"18
">1S
»u
»1«
»l«
».«
»SJ
I'sa
"'.13
U„
»l«
»1.
»>3a
'.-.3
d.
Sarcelona.steam d.
Oenoa, steam .. .d.
rrieste, steam... d.
Antwerp, steam d.
•
70-
70-
70*
70*
d.
Ball
H
"8
Uo via Indirect. c.
Amsf d'm, steam.e.
Do Indirect.. <t.
7,2
'38
733
''33
"SJ
Tsj
lbs.
—
Liverpool. By cable from Liverpool we haTs the following statement of the week's sales, stocks, &c., at that port.
9,356
63
14,072
78,767
25,279
37,931
t88
14,397
13,176
14,990
7.766
1,693
14
7,734
1,434
77 217,927
Sales of the
week
bales
Of which exporters took
Of which speculators took...
Sales American
Forwarded
Total atook— Estimated
Of which American— Estlm'd
Total Import of the week
OI which American
Amount
-.
alloat
Of which Amerloan
1.000
,'-7,000
445,000
270,000
106,000
87,000
814,000
297,000
82.0C0
3.000
2,000
60,000
8,000
75,000
407,000
295,000
106,000i
93.000
362,000
348.0001
70,000
5,000
3,000
54,000
9,000
83.000
522.000
34I.0O0
148,000
1 JS.OOO
342,000
329.000
JTor. 22.
58,000
5,000
9,000
MfiOO
7,000
82,000
603,000
421.000
170.000
14'^000
296.000
287,000
The tone of the Liverpool market for spots and futures each
day of the week ending Nov. 2-i. and the daily closing pricea
of spot cotton, have been as follows:
Saturday llonday. riMfday.
Spot.
Market
:ket.
}
Steadier.
1:43
5"i«
Mtd.Upl'd«.
Sales
Spec.
SteadT
-
Ausiralla. 4.750.
a'
partially
1.01
Firm.
51m«
10,000
1,000
8,000
1,000
&exp.
Tollamhurg— Nov. 15—Steamer Redruth, 700. ...Nov. 16— Steamer
adv.
Firm at
l.e4
O 2.04
advance.
5,133.
Barceltma- Nov. lA— Steamer Ponce de Leon, 4,866
Malaga— Nov. 15— Steamer Ponce d.< Leon, 1,S00.
Genoa-Nov, 16- Steamer Annie, 4,300.
67,000
3.000
5,000
79,000
Aotaal export
Kov. 15.
}fov.%.
Nov. 1.
—
Reval— Nov. 16— Steamer Robinia,
tri.
Liverpool, steam d.
Total.
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dateb:
Galveston— To Liverpool -Nov. 15— Steamer Hampton, 5, 500....N'ov.
IG-Steain-r Palmas, 7,104.. ..Nov. 19— Bark Caudace,.l,060....
Nov. 20— Steamer Etbelburjior. 5,659.
To Brnnen-Nov 15-Stcanier NIth. 3,000.
To Vera Cru7,-Nov. 19— Steamer Whitney. 1,220.
„,,„
Hbw Orleans—To Liverpool—Nov. 10-Steamer GlentruiD, 7,156....
Nov. 18— atiamer Editor, 3. 948.. ..Nov. 10— Steamer Counomara
Nov. 21— Steamer Costa Rican, 5,994.
6,779
To Havre— Nov. 15-SteamerPhfenlcian, 4,407.
,„ „.
Nov. 16— Steamer
To Bremen— Nov. 15— Steamer Enrique, 4,511
To
To
To
To
F«*n«i. Thun.
Tutt.
Ifon.
i£
688
Total. ...120,515
being towed to Savannah.
is
Fire whs discovered Nov. 10
(Br.), at New Orleans.
on btc.amer Harrow, with 5,000 bales of c .iton kboaid; about 100
bales damaKCd. Fire e.xtingul8ho I.
Merchant, steimer (Br)— A Hie was discovered A. M. Nov. 15 aboard
the steamer Merchant, a'. New Orleans, for Liverpool, cotton
laden, but It was oxtloguiBhod sauo day. Twelve hundred bales
Thj l0'« will approximate
of cotton more or le»8 damaged.
^20,000; fullv coveretl by Instira' ce.
Ocean Kino, fteaiiier (Br), from New Orleans, at Bromerhaven, Not.
Are broke out In hi-r tore nold on Nuv. 19. The hold wa«
17.
flooded and the tire cxflugulshed.
steamer (Br.). Sutherland, from Galvestoi, was on Are at
Obkl*,
the second hold and
Liverpool, Nov. 18. The lire originated 1
spread to the tirst. Over 3,000 bales oi cotton aboard. Her cargo
Is damaged by tire and water, mostly water.
Tar-
Ucval,
New
She
Charli ston.
Bremen Ant- Barct- mouth
Ham- vjerp d- toaa tS it Mas-
lAverpool.
.
.
Market,
4
P. ».
Steady.
Quiet and
staady,
Qnleter.
irednci. Ikund'ttIn buyers*
favor.
5"i«
5ltie
5»8
8.000
I.OOO
8,000
1,000
10,000
Steady
and
taady.
.julet
5^
1,000
8,000
1,000
Sasyat
Stsady ak
partially
1.64 de«.
z.e4d«oUne.
14)4 ad-
Vary
Vary
steady.
steady.
» Steady
partialis
l.e« adv.
Friday
at
vance.
Quiat.
.
..
.
.
The opening, highest, lovrest and closing prices of futures at
Liverpool for each day are given below. Prioei are oa the
basis of Uplands, Lo^ Middling clause, unless otherwise stated.
f^" The priea art driven in penet and 6Mhi thut 6 63 moan
63-61(i., and 6 01 mtam 6 l-6iiL
.•
Sal., Not. 16.
1
Opmlanh Lou
Clot.
d.
i.
<L
5 41
6 42
5 41
6 42
Mot.- Dec. 638
Dec-Jan... 6 37
6 89
638 6 39
d.
Jaii.-Feb....
:
:
THE CHUONiCLE.
69S
BoTember.
.
637
588i637
6 38
'
5 37
Mob., Nov. 18.
Tnea., Nov. 19,
0pm
Open \Biah low. Olot
d.
8 38
5 38
d.
d.
d.
6 42
5 43
6 42
6 43
d.
6 39
6 39
5 39
689 688 689
AprU-May.. 640 6 40 640 S40
Hay-Juae.. 6 41 5 42 6 41 542
JanfrJuly.. 643 6 13 6 43 5 43
639
6 40
639 640
6 41
6 42
6 44
5 41
6 43
6 44
6 41
5 42
6 44
Mch.-April. SS8
d.
d.
6 40 6 41
5 37 838
5 37 5S7
6 37 6 87
5 37 6 37
6 37 638
839 6 39
841 6 41
542 5 43
6S» 6 40 689 6 40
538 5 39 6 3j 6 39
5 38 6 39 5 3-J 689
Feb.-March 538 5 88 638 6 33
High Lou. \aun
6 39
641
8 43
5 44
[V<
u
XLIX.
GKAIN.
Wlieal—
0.
Spring, per bush.
BpriuK No. 2
Red winter No. 2 ..
Re<l winter
White
Oorn - West'n ml led
West'n mixed No.2.
Western yellow
Western white
.
.
Buokwbent
d.
78
87
Ry«—
o.
96
90
•
9
83% »
75 9
80 «
40 's*
42 «
..
85
Oat«-Mixed
89
White
90
No. 2 mixed
43
No. 2 white
42%' Barley—
9
a
«
43
42
48
0.
Western.. 1> bu.
State and Jersey
4414
43
47
»
54
57
58
2-rowed 8t»te
4-rowod State
{
e.
54 » 56
57 » 5«
27 a 30
30 9 35
28ia» 29%
31 9 32
Canada
» II
a 72
539
Exports OF Breadstcffs for October, 1889.—The fol.
made up from the statement issued by the Bureau of
Statistics, shows the exports of domestic breadstulls from the
undermentioned customs districts of the United States for
the month of October in 1889 and 1838, and for the four
4'}
6 41
month's of the
6 42
6 42
6 40
641
687
6.SS
5 87
5 37
5 87
6 87
5 38
5 37
5 37
6 37
6 39
6
lowing,
fiscal
year 1889-90
j
Octobtr.
Wednee.. Nov.t20. Thnra., Kov.
Open Ht«k
Um.
Frl..
til.
dot. Open Bith Urn. Clot.
Not. 23
OpCTl H(«* Ixtw.
.
188990.
BrtadttuftBxtU
1889.
llu'ntUiu
Una
Barley, buah.
1888.
Qu'nMti^J
Valut.
ii"o«r
t
Uontht.
QuantUiet
Falu€.
FaJlw.
t
t
d.
642
638 5 37 538
6s; 5 36 537
5$; 5 36 6 37
Feb.-March 5 56 5 37 636 6 37
Moh.-April. 6S7 6 38 5 37 638
April-May.. 5 38 539 538 5 89
Hay- June.. 6 40 5 41 5 40 5 41
June-July., 641 5 42 6 41 543
540
KOT.-Dec... 637
Deo.-Jan... 538
536
JaiL-Feb...
November.
6 42
6 40
d.
d.
d.
d.
d
5 39
d.
d.
6 40
6 39
6 33
6 34
6 34
6 34
5 40
5 36
6 39
6 30
5 39
535
5 39
5 36
6 34
6 34
5 34
535
5 35
5 34
5 34
5 31
5 35
5 85
5 Si
535 584
635 636 5 85
127.827
700.286
416.069
823,398
342.078
6 37
Total, barley
Corn. buth.
237,387
8 36
5 38
6 39
635
635
537
538
Hew Vork
2,11H,9«3
Hli,54a
1.033.574
2.128.936
1.150.98f
9.512.C68
4.335.297
80.i,46i
5 40
Philadelphia
Baltimore
352.09-)
l,0la.ti2«
Sis,! 191
84.0-17
2.010,8114
1.0',0.i03
459.463
U1.N21
NewOrleans
d.
iL
d.
4S3.073
523.601
2.027
253,511
2.762.556
2.601.149
3,166
4.557,076
1.213.215
1,235.759
2.520
1.666,404
535 536
531 536
5 35
6 35
6 34
6 34
535 536 535 536
5 37 53J 837
6 39 637 630
6 38
5 37
5 39
1
6 40
6 30
,
5 40
6 35
5 88
538 538
510 5 35
4
635
5 85
X»w Vork
Philadelphia
Baltimore
Sew Orleans
Pac. oust. dlsU.*
Other
offers
flour
for special reference.
increase,
The export demand
and the buying by
local millers
was
In fact, the bulls quite lo^.
confidence. But on Thursday strong cable advices, accom.
panied by a more active business for export, not only checked
the decline, but gave a slight up ward turn to value.". The
salts for export embraced No. 1 Northern spring at 92 @ 93)ic.,
delivered, and No. 2 rtd winter at 85)^c. f. o. b. To-day the
market was quite deprei sed, and the clote at about the lowest
flgur«s of the week, under the contiaued full crtp movejaent,
which discouraged the bulls.
DAII.T CLOSIMO PBIOB8 OF HO. 2 BED WnfrBB WHEAT.
Sat.
Hon. Tuet.
Tuf.
Wed.
TKur: Fri.
Tliuri
83iS9
04%
84ie
84»8
g4ia
?4is
84 14
November delivery
c.
84 '8
8514
8458
83 '8
December delivery
0.
Si's
8468
84 7e
847e
only to supply current needs.
sm
January delivery
February delivery
0.
c.
c.
0.
86%
8613
87=8
S.'i'B
S.'i's
87I4
88I2
9014
87
8578
8718
8G
85%
86 ^la
88I4
SSM
88%
87=8
9018
90
90%
901s
89%
Indian corn was dull and unsettled, until the export demand
showed a considerable revival, and the local traders were
compelled to supply their needs, when there was some improvement, egpecially on the spot, and for promj t arrival.
To-day the market was weaker in sympathy with wheat.
UAll-I OLOSINO PRICES OF NO. 2 MIXED OOKN.
Sat.
Hon.
Tue*.
Wed.
Thurg.
Fri.
4158
41'>8
n. 41%
41%
42
42
Horember delivery
41''g
42
4214
o. 4vli8
Deceiuber delivery
42%
4179
42
41%
42
4178
January delivery
o. 4214
41=8
42
0. 41^8
42
4178
May delivery
41=8
41"e
Haroli delivery
May delivery
88%
901a
Oats have continued active in speculative dealings, but the
export demand noted in our last was not maintained, and the
regular trade was dull and it was not until yesterday that
prices took a fresh turn toward higher figures. To-day it
transpired that a renewed export movement was in progrtss
aggregating about 400,000 bushelf, mostly for Marseilles.
DAILY OLOSINO PBICBB OF NO. 2 MIXBD OATS.
;
Hon.
Hovember
delivery
o.
Deocmberrtelivery
c.
January delivery
c.
c.
Feliniary delivery
28
28
28
Tuei.
2814
Sat.
2814
28i8
28i8
2814
28
28
28
28»s
S8
Wed.
28I4
28
28
28I4
28»8
Tkuri.
corn
6,191,238
2.608,710
4,102.579
2,198,386
22.527,811
9,740.225
IJ.SSO
16.12f
34.^4^
38.237
1.430
7.975
13.811
11.486
39.780
30.777
945
50,368
50,804
141.790
550
7
27
1.430
13.868
45
V.VSb
"6.204
'6,0 19
'13,451
34.917
80.139
31,632
93.452
33.88
417
12,821
rels.
28ifl
28%
2-14
2814
3778
284
28
28
g quotations for wheat flour in bar(Corresponding giades in sacks sell slightly below these
closit
FLOCK.
9
bbl.
(2 10»$2
240»
2
3
3
5
50, City .shipping, extrae
..
_
75
Kye
a»7.N7o
2.8;S7
New York
550
Philadelphia....
B.iltlmore
3.106
New Orleans
800
5.281
1C8
309
"I's'.i'ii
'3'5.'b06
84.960
122,526
810.768
6.506
151
626.502
188.201
7,784
Pac. cust. dlsts.*
Other CUE.
dlsts.i
Total, cern-mea
Oaf, bmh.
Hewi'ork
l.OSt
Philadelphia....
Baltimore
New Orleans
—
S.Vi-i
Total, oats
Oatvieal. lb$.
New York
Boston
Philadelphia
Baltimore
New Orleans
Pac. cust. dists.'
Other cus.dlstB.t
Total, ontmeal..
Rye. bush.
15.21;
76, 194
17,365
190,!21
dlsts.i
25
201.081
4.3«4,»64
8.8 Jo
21.017
268
98
'16
15.970
4.978
65
2.619
136
100.710
294.297
37.601
78.024
30
15
1.37S
60
Pac. cust. dists.*
Other cus.
£it>
7;
6.221
S9.6at
lo.si;
50,384
49.090
19.108
1,061.000
316,638
5,757
340.97.1
168,255
153.200
230,000
8.173
8.oa»
4.818
760.962
5.386.950
16.529
210.679
"38,0'46
"'isC
8
l,'l'o'8,'S5d
'202
5,200
50.000
163
1.192
1.250
970
88.500
6,000
780,328
18,2.<t8
7.300.732
261.640
411,573
213.974
6.2»t.
.
60
180
174.304
41.087
23.138
"j'a.'s'2i
e8'.'485
"aj.'ois
77.238
41.087
23.138
13,824
480.038
243,018
732.172
Philadelphia
Baltimore
New Orleans.
4.694,234
77,238
New York
689,783
41.358
20.150
507.484
107,COO
103.117
56.077
102.726
67.468
18.042
73.24»
4.127.461
..
Pac. cust. dists.'
Other cuB.di8t«.t
Total, rye
Wheat, bush.
New York
2Sa,088
72.000
3.000
4.196.806
58.306
3,814,875
83,883
1.340,397
7,114,488
1,623.486
3.756.241
219.841
621.689
2.481 J!24
1.170.595
5.710.139
1.314.076
4.081,454
3,429.501
4.500.106
4,168.548
18.124.205
16.276,603
339.524
100.177
86.257
1.515,455
610,079
374,198
1.619.53^
14,127
316.356
1.731.731
1.363.194
136,741
89.3691
18^,145
3,064
111.828
90.0641
Au^
303,889
908.871
6.266316
2 355 071
4il.»31
Philadelphia....
Baltimore
New Orleans
.
Pac. cust. dUts.*
Other COS. dists.
Total,
-V
wheat
Whu'it-fivur,
21.800
581.734
117.408
2.'«7.«1B
237.893
1.850,744
13.80 J
•
»56.769
740.305
2.912.309
3,iiOU
bbu
New york
»etl
Baltimore
New Orleans
Pac. cust. dists.*
Other cus.dists.t
2,Sf.31'5
Total.wheat-flo'r
1,088.53«
2,943
148,358
103,881
493.715
4.788,794
3.783.041
18.103.126
8.333.761
1.047.888
Philadelphia
428.755
194,067
8S4,47o
12,158
619.260
384.282
3.088.881
1.291.913
'........
14.818.848
552.362
2.471.37,t
359.539
1.121.950
889.300
2.608.520
1.178,585
4.730.537
ll,550,5O0l
11,704.940
621.018
477.8U5
5,032,544
011.545
17,429
465.781
878.908
4.661.443
60.657
2.123,661
1.753,672
Ihtals.
New Vork
Philadelphia
Baltimore
New Orleans
Pac. cust. dists.*
—
Other cus.dlsts.t
Oraud
total..
3 838 619
1.964.676
8.410.691
2.467.434
8.217.048
4,877,071*
308.1541
855.4^9
44,591.000
•
Value of exports from Paoiac
districts for the
$49,568
Oregon. OreKon
44.063
Puuet Bound, Wash'n Terrify.
2.293(703
San KranciBOO. California
i
Detroit,
Michigan
Duluth,Mlnu
Haron. Miclilgan
Miami. Onlo
$7,498
849.079
186,091
307.155
lOl.'^O'l
141.:
of October. 1869
Total
Value of exports from other customs
Brazos, Texas
CbicaKO, 111
month
Willamette, Oregon
districts for the
month of Oct.,
Newport News. Va
ronland, Me
Richmond. Va
ToUl
$219,186
$2,606,520
1889:
$44,203
395
33.870
$1,178,886
8)
Noi £.— This atatement Includes about 98 per cent of the entire export! of th«
ar ides named irom all ports of the country.
figures):
Fine
BuperHne
61.413
261.703
513.571
Fri.
28i>8
MaydeUver,
0.
2Hi
2s">8
28%
Rje has been quieter, but the recent advance in prices is
well supported. Barley is more active at the recent decline,
but the close is barely steady.
The following are
9
0<>rrt-m*ai. bbls.
has been sluggish, and the local trade only moderate. To-day
•wheat flour was dull and weak, but lye flour very firmly held.
The wheat market was dull and prices steadily gave way
down to the close of Wednesday's business. Tne export demand was smaller, the receipts at Northwestern points showed
a considerable
342.035
471
1.277.4b7
rotal.
S.
market has been almost without a change, and
few features
'ss
24
625.353
416.089
700.289
Other cus.dlstB.t
Fkiday, p. M., Nov. 22. Vib9.
The
i27,887
291.344
158.197
435.027
218.094
311
444.133
Pac. cust. dists.*
BREADSTUFF
a
i37.367
cua.dtsls.-l
flour, supertiue .
05
Eitia, No. 2
2 659
75 Corn meal—
Extra, No. 1
3 353
25
Western, 4o
Patent, spring
4 80 a
450»50t> Brandywine
Patent, wlDttr
Butkwlicat Flour per 100 lbs., $1 653*1 80.
Fine
4 309 4 40
3 20 » 3 40
2 60» 2 85
2 50^ 2 60
2 65d 2 70
The movement of breadstuffs to marltet is indicated in the
statement below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western lake and river ports, arranged so as to present the comparative movement for the week ending Nov. IG, 18S9, and
since August 1, for each of the last three years:
.
.
I
NOVKMBEE
THE CHRONICLE
23, 1889.J
Com.
Wluat.
etour.
Bectipta at-
Bw».1l'«(^»: Burt.«016> Btuh.Bfl
OaU.
11)
136.708;
628.8^0
UO.4O4'
261.010|
802.232
44,300
62.27«!
OliloaKO
1.28ri,828'
HlDneapolli.
638.607
86.000
77.898'
2.522|
,
mull]
6,(83
..
600
881.755,
Same
566;
58,600l
2H6.80l|
17.500'
30,096'
Tot.wk. '89.
Borne ftk.'88.
80.513
>
S80.U0
72,113
861.230
87,800
884,372,
4,805.217
2.591.183
4.607,833'
9.1B1J
1.190
76.803
12,581
S4.81B
6l,7ia!
167,000
97,200
Mncc Auo.
1.483,017
1.119,039
1,041.680
~ief.2oi
1,2.32.721
9l;i,103
108,971
1.156,975'
1.263.758
1.006.875
14,921
83.135.115
to Not. 19.
Week, aine* Jan.
1887
10,756.915 2,608.303
31.953,201 10,990,962 2.931.590
31.401.01ll 11.239,6531
771,700
Tne exports from the several seaboard ports for the week
ealing; Not. 16, 1889, are shown in the annexed statement
Mtportt
Com.
ITheat.
from—
Burh.
410,957i
1
New York
Boston...
Portland.
Buih.
475,453
293,545
tUmr.
Oatt.
Bblt.
Bush.
81,237
50,910
8,139
Bye.
Peas.
8,171
1.832
100
4,7M
06
91
899
14
3,084
89.800
8.493
13,603
4,771
13.316
4.481
4
&,<t9S
92
62
68
35,399
2,726
1.211
33!638
3,083
1,810
1,200
120,599
60,312
2,888
139,461
3,010
170,911
2.888
107,086
fie
107
Bnsh.
44,572
Arabia
AWoa
We«t Indies
South America
Total
China, via Vancouver
Total
Bush.
1,412
Prom New EuKland mill points direct.
The value of the New York exports
;
loi'28y
29,758
258,400
52,545
Honti'tal.
PUladel
Baliiru're
N. Orl'us.
128,899
83.687
146,086
35.845
14,400
56,043
4^^i
4,817
276
::::::
.::;;;
1
eso
400
"Yii
81
88,334
since January 1
have
been $7,22-<,329 in 1889, against $7,863,835 in 1888.
Stapl» cotton goods continued in light demand by jobbera,
but a fair business in some descriptions was done with converters, "cutters" and exporters.
cottons are mostly steady, and
N.News..
.
i,607
Central America.... .........
•
mntlJmH.1.
Week.
1.
33,087
0,003
6,560
4,794
13,372
8,534
112
Oreat Britain
Other European
China
India
4.S17.127
Um
1888.
1880.
New Tokk
88,611
127,!
1.
1880
1888
Blolim'd
packages, valued at 1 116, 16,5, their destinatioo being to
points specified in the table below:
1,650
153.429
81.515.350, 12,388,793
3,911.693 Sl,106.83l' 35,115.029
4,070.6501 5a.345.0.')9 31.025.721
wk.'87.
For (lanneU, blinketa, shawls, tkirts and carpeta tha
chiefly of a hand-to mouth character and light
ia tiie aggregate amount.
DouiSTio Cotton Goods.—The exports of cotton good*
from this port for the week ending November 19 were 1,810
demand was
80
12,418
329.735
SIJ.SOO
1,432.113
181,900|
699
trade.
I
2.182.350
2,406
Toledo
Olereland.
St. Loula
Peoria
Rvt
Bu. 86
Ui
I
1.810
HUvaukee..
Doluth
.
Bar(<v.
Biuh.32 lb> Buih.4H
.
I
Detroit..
:
:
Prices of plain and colored
sheetings, drills and
b!own
print cloths hove developed a
of Eastern coporation goods are
hardening tendency. Slocks
remarkably well in band as
778,608
4,057
60.434 a rule, and Southeni sheetings and drills are more closely sold
The visible supply of grain, comprisiQg the stocks ia granary up to production than for some time past. Prints continued
quiet, but fine sateens, chalUes, lawns, percales, dress gingat the principal points of accumulation at lake and seaboard
hams and zephyrs were in good demand for next season.
ports, and in transit by water, Nov, 10, 1889:
Print cloths were in fair demand, and closed very strong at
Wheat,
Com,
Tot.weeb.
B'me time
1888...
852,949' 1,127,070
238,711
8,139
store
at—
bnsh.
5,909,037
279,300
Albany
Buffalo
1.778.437
2,980.191
757,785
2,474,129
1,011,452
268,154
45,000
1,730,575
49,000
27,035
52,0!0
235,399
592,982
26.673
Chicago
Milwaukee
Duluth
Toledo
Rye,
bush.
Barley
40,694
82,700
64,H00
59,623
382.835
50,374
113,591
149.100
45,000
466,893
231,S61
74,170
115,064
41,091
2,938
Detroit
Oswego*
312,786
16.000
109.(41
33.805
11,000
1.256
14.163
139,488
201.466
229.216
120,838
40,375
105,475
4,789
2.297
67,055
350,000
95.535
29,000
31.334
216,731
31,722
Bt.
Louis
Ctnolnnati
Philadelphia
Peoria
Indianapolis
Kansas City
Baltimore
Minneapolis
Bt. Paul
262,fl76
•
On Mississippi
On lakes
On canal & river.
"
316,172 212,6n9
854,141 2,008,062
494
'
Boston
Toronto
Montreal
Tot. Nov.
Tot. Not.
Tot. Nov.
Tot. Nov.
Tot. Nov.
bvsh.
bnsh.
1,61«.9G8 1,065,059
82.600
21,800
52.500 11.7,800
50,139
141,633
581
75.000
116,311
293,789
887,055
5,521,075
245,000
1,270,724
1,704,000
374,959
'56',443
1911,745
41.487
70.979
20,428
529,270
24,420
649,095
821,700
16.'89. 28,401,778 6,091,065
9, '89. 26,842.2')9
6,960.403
17, '88. 34.811,791 8,19 1..520
19, '87. 38,871,056 6,570,884
20, '86. 59.551.351 12.289.408
Last week's stocks.
42,655
1
Oats,
In
New York
Do afloat.
49,389'
121,132
82,900
4,9.;l
bush,
257,82'J
4,79?
'23i380
816.000
460,800
130
80,017
38,006
700
10,180
G,502
17,432
92,044
193,900
3 1116c. for
6U64s and 3
1889
1886.
Yn». 20.
1887.
Not. 19,
A'or. 17.
45,000
24,000
None.
None.
197,000
16,000
44,000
50,000
57.000
131,000
42,000
26,000
249.000
69.000
307.000
258.000
Total stock (pieces)
Foreign Dry Goods. —The demand for foreign goods at
first hands was light and irregular, and the jobbing trade was
restricted in volume, retailers having bought sparingly owing
Silks are very
firm because of the recent sharp advance in raw silk, and
nearly all imported fabrics of a staple character are steadily
Holiday goods continued to attract marked attention,
held.
and a satisfactory trade was done in this connection.
to the unfavorable condition of the weather.
55,011
537,600
6,235,217 1,176.154 2.748,509
6,685,241 1,307,149 2.4H2,598
7,756,287 1,561,574 1,813.918
6,4tiP,368
313,207 3.474,777
5,650,746 409,6'25 2,666,673
for the
corresponding periods of last year are as follows
" g£
§
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dry goods has presected few new features
of special interest during the week under review. At first
hands the demand for seasonable goodn was fair for the
time of year, though by no means active. Spring and summer
fabrics continued fairly active in commission and importing
circles, and orders for certain specialties were placed with
considerable freedom by jobbers and the manufacturing
trade. The trade outlook is so favoroble that both local and
interior jobbers are urgent in their demands for deliveries of
goods adapted for the spring trade at a much earlier period
than in former years. Business in jobbing circles was comparatively light, retailers having found little occasion to renew
their assortments, because of unfavorable weather which
tended to lessen the demand for consumption.
Domestic Woolen Goods. As generally expected the
demand for men's wear woolens was light and unimportant,
and but little improvement in this branch of the trade is
likely to be developed until the mill agents are prepared to
show samples of goods for the fall of 1890. Spring ca.'simeres
and worsted suitings were delivered in fair quautitits by the
commission houses on account of back orders, but new business was strictly moderate. Heavy woolen and worsted
—
suitings ruled quiet, but carritd-over stocks are unusu.ally
small and prices remain steady. Overcoatings were in limited
request at unchanged figures, and there was a fair movement
in satinets and fine doesi-iti j ans.
Cloakings and ttockinets
were in light demand, but a very fair business was done in
soft wool and worsted dress fabrics adapted to the spring
§
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Friday P. M., November 22, 1889.
for
t:
SiiiiS
THE DRY GOODS TRADE.
The market
1888.
A'or. 16.
Held by Providence manuTers. 236,000
Fall River manutaoturen... 13,000
Providence speculators
None.
None.
Outside speculators (est)....
Importations of Dry Goods.
The importations of dry goods at this port for the week
ending Nov. 21, 1889, and smce Jan. 1, and the same facta
This week's not received.
New Yosk,
3-16c. for 56x60s.
Slock of Print Cloths—
osVj"h-Voij
(£tO<-4Q0i^
CO 63 0»
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10 :j
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30
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:
THE CHitONlCLR
700
rvou xux.
financial.
PLAN OF RE-ORGANIZATION
Atchison Topeka & Santa Fe Railroad Co.
CIRCULAR NO. 63—OCTOBER 15, 1889.
OFFICE OF THE ATCHISON TOPEKA & SANTA FE RR. CO., NO.
p. O.
BOX
95 MILK STREET.
BOSTON, October
346.
7b the Stockholders and Bondholders of the Atchison Topeka & Santa Fe Railroad
Co.
and of
its
!!»,
1889.
Auxiliary Companies
The Annual Beport whleb waa preaented to yon for the year eaiUDg 3Ut December, 1888, shovred yoor Property to be In a state of aaoh
Inandal embairaaaineni aa to varrant feeUnn of gTura ansiety (oritK fatare; anditwaa nad^r aaoh drcaoistanoe^ that yoar Uiraoton, a
naknltr of whom were new to olBoe at the laat deotlon, took aeati at your B'rar.l.
An examination, not harried nor snperfloial, bat thorongb and resaUne from soch actual experience of trafflca and bostnea* as time only
«oald Kfre, waa neceanary before yottr Dlrectora einld aaiame the reaponalbility of iiropoglng or reoommendlog any special treatment of your
Property nealirned to restore It to a sound flna n cl al basis.
Voor Dirattors consider that the examlnadoa, which It was their duty to make, has now been so complete as to Jastify them In laying before
jaa, whbont further delay, a detailed plan for the reorganlzattoo of your Property on terms as Jost and reasonal>l4 as circamstaniSas permit, and
calealated to rnxtorR the Compasy to good credit and prosperity.
It is well known to yoa that the Property of tbe Atchison Company is situated in many different States and Territories, uid that the syatem
to.lnfao\aco-nbln»tioi, more or Ie« clrne, or rari.iai rill way anlotliorcinpinies intenleltoo .ntribute, directly or indirectly, to the resources
of the one main and controlling Oorporattoo.
Itbasbeentheoiijact of your Dir.?eU)r8 to connect the separatepropertiee m ire closely than before, so ai to f vJIitate the Introdactlon of
worUng them, to consolidate the system and make tbe wiMle more valuHble, and, with the Jidiclons exiwudltoie of new capital (or
the re par. improTement, and completion of the properties to seeore an lncrea«e in Gross and Net Earnings to the Company at a mlnimnm of
eoonomlt-s In
expense of operations.
To accomplish them results. It is proposed to lasue new One Hundred Tear Pour Per Cent General Mortjjage Bonds for One Hundred and Fifty
Klllions of Dollars (i;:.50,000,000), to t>e secured by a general mortgage eoverlng all the property of tho Company, Includinfr all the Secaritles
repreeenting the control of and ownership In the neeessary oonsUtoaBt oompanies as deiicribed herein later, and all Kquipment now subject to
Oar Tmot Liens. Additional Bonds to the abore, to be iasued only for newly-constructed or newly-acquireil mileagi".
AH the (.e'lirityof tbeOldBonds wilbepreaerred, so that the NewBoDds wlUbave tbe protectlou of all existing liens, with the additional
•ecnrlty of tbe completion and betterment of tbe properties from tbe new capital iiroi>oii«>l to be rai»ed.
Thetaxca and rentals added to the Interest upon that portion of the new Four Per Ont Bonds which it U proposed to Issue at once make up
ammal fixed chaige of under seven mlllioDS five hundred thousand dollars ($7,500,000). This sum, in tbe opinion of your Directors, fairly
nnrenots the earning power of the system thia year, and they confidently hope and believe it will be increased in the future.
There la alf o designed to be issued One Hundred Tear Income Bonds for eigbty millions of dollars ($80,000.000),beanog interest at the rate of
and not exceeding live (5) per cent per annum, non-cumulative, but payable only from, and to the extent of, such net earnings as may l>e found
after the fixed eharges havs been met, within the limit of five (5) per cent.
This income iMHid it Is proposed to issue to provide for such reductions of interest upon present bonds as It Is found necessary to m^ein order
to bring the fixed chanmiof the Company within its earning power.
The general mortgage bonds and Income bonds will b« issued In denominations of not less than $1,000.
In forming the bases for the scales of the vsrloos bond issues under the propo.ed exchange, your Dlrcotors have given careful oonalderS'
tlon to allintereets; and they tieljeve that they are now able to present tbeiuarter Id a manner which treats all holders equitably.
Tbey assure yon tbattbey are aaslououely and so far (.ncctssfiuly eogaged in carrying out judicious economies and arrangements or development of bneiners, and they confidently appeal to the holders of all classes of securities to come forward at this criais and protect their property
from the diha*ter of disintegration and bankruptcy.
Th'-y therefore beg to <-all vour attention to the Plak of Be-oboavizatiox as hereinafter explained to yon in detail, and they feel It neeessary to state in the strongest terms that the non-sucoess of this proposal will Inevitably result in foreclosure, with all Its attendant misfortunes.
By order of the Board of Directors,
a
GEOBOE
DESCRIPTION OF THE SYSTEM, PROPERTIES AND
OBLICATIONS.
The Propf-rty of tbe Atchison Topeka <t Santa Fe Eallroad Company,
embraclDg its General System, has Its important termini at Chicago,
m.; Superior. Ueb.; Crosby, JCan.; Galveston, Texas; Paris, Texas;
Denver, CoL; El Paso, Texas; Guaymas, Mexico ; Mojave. Cal. (connection for 8an Francisco, CaL) and Los Angles, Ban Bernardino, and
Ban Diego, California.
;
It eoDBist-! of the following
Ballroada—Owned and Controlled
ATCHLiio.N
Topeka &
Saitta
Laaventcorth Sorltiem d SoulKern Railaay :
Wilder, Kan. (on K. C. T. A W. EB ) to Cnmmlngs Junc48'19
tion, Kat.. (on A. T. iiH. F. EK
Kantat City Emporia di Southern Railway :
84-27
Kan
£mp</rla, Kan., t-J MoUne,
Florence El Doraio <t Walnut Talley Sai'road ;
72-73
Florence, Kan., to Wlnfleld, Kan
Ifarlon d MePherum Railway :
gSHil
Florence, Kan., to Elllnwood, Kan
Wieiiila <t fiouihteetlem Railtcay
79-16
JJi-wton. Kan., to Arkansas Elver, Kan
Mulvane. Kan., to Caldwell. Kan., Inclndlng
42-67
exteoslon at Wellington, Kan
8-69
130-72
Sedgwick, Kan., to ^ilstead, Kan.
rf A rkantat TalUy Railroad :
Kansas State Line to South Pueblo, Col
8'inlh Pueblo. CoL. to Canyon City, CoL
Pueblo
7-08
96-58
294-16
.
126-03
872-09
6704
Demtngit Paeifle Railroad
VRtome.S. M.. to Silver City, N.M
i8«-oe
El Paso, Texas
ao-is
."/.•
N.M
M
1
Ban Ad ton If), N. -M,
N. K.
I.as Vegas. ». M., to Hot Siir;iii,-s, N.
to Blossburg, N.
IMllou Junction, N.
,
.^-e,
M
to Nogales
,
97-78
(Mexican Boundary)
Chicago Saxta Fe & CAUroiunA Bailwat
Cb case, IIL. to Kansas Ci-y. Mo.
:
438-57
Aiiconn, ni , to Pekin, 111. (excluding 5-91
miles leased)
StBLET BRtbOK (over Missouri Elver)
Missisi-tppi RtvEB A Toll BailiCK (over MlasiBsippi Elver)
ATiHisfix Topeka A Saicta Fe RB. is Ciiicaoo
(teimioabt) yards and sidings not included ...
52-40
-76
-61
2-12
494-46
Bt. Joseph St. l/txna A Saicta Fe Eailw-at
LexlDgton. Mo., to St J'«eph. Mo., and St. Joseph to
Alcliifcon, Kan. (Wintbpjp. Mo.)
97-20
:
Chicago Kansas & WtsxERS Eaii.boad
trackage
(excluding
miles at 8ui>eiior, Neb.); All in Kansas
2aa
940-93
CAUFOE.VI* Soctiiee!<- Kailroad and
Gtiij'
roLOBAix>
PurceLl, Inu. Ter., to Galveoton,
Total
476-20
A Santa Fe Railwat:
TeX
,
1,058-00
and branches..
Owned and Controlled
6,413*24
road Cos.:
<t
San Franei»eo Sailveay Company.)
A PACtric Baileoad:
TOTAl
Allmqu'-rqur-, N. M.. to Mojave. Cal.,
)
Seni'ca, on Missouri State Line, to Sapnlpa, /
)
lad. Ter., excUuilng all rented track
HILKAOB,
HTl-OS
4849
'<> Railroad
.N. ,M.. ;<;
Mexico A Abizoxa Rah-road;
Benson, Ariz
Atlantic
129-04
....
262-41
Kogales (Mexican Boundary), to Guaymas, Mexieo..
If iiw
Ball roads— Controlled Jointly with otber Rail-
BUvi-r Oily
M, ti. L
SflNOBABAILWAY:
(irOA £1 iMuit
Bio nrande Hex eo d Paei/U Railroad:
Ban MarclaL N. M.. to Doming. N. M
Klnoon, If. M., to Texas Utate Line
t*.. .^rr..,
Niitt. >•.
941-93
3,036-26
Barstow, Cal.. to Hau Heroar<llno, Los Angeles, San
Diego and National City, CaL
4027
Denver <t Santa Fe Rallvay :
South Pufblo, <M Xi> Denver, CoL (Inclading
Denver Circle Eoadi
Sew ilexien* SouiKem Paci/U Riilroad
New Mexico State Line to San Marcial, N. M.. 333-97
Branch to Santa Fe, f*. M
1812
Jft.'
,
CALipoBifiA Cehtbal Raii,w-at:
150-23
BraT.ches to Coal Mines, Col
La Junta, Col., to New Mexico State Line
•i
MILBS.
Carried foneard
Southern Karuaa Railtcay Hyeten :
546-56
Holllday, Kan.. U) Pain Handle City, Texas
25*^0
Lawrence Junor., Kan., to Lawrence, Kan
56-42
Ottawa, Kan., loEm!>oria. Ka-i
BurliDKton Junct., Kan., to Burlington, Kan. 42-21
f haiiute, Kan., to Pittkbiirg. Kan
6055
16-30
Cherry vale, Kan to Coffeyville, Kan
154-48
Atkansas Cits-, Kan., to Purcell, I. Ter
IS-SS
Wellington, Kan., to Hu'ineweli. Kan
21-26
Atii'a, Kan., to Medicine Lodge, Kan
A TCHISOU TOPEK 4 &. 8 AKTA FB BR. STBTEM— PEOPEB
;
MtLBS.
(t Santa Fe Railroad :
470-58
Atchison, Ka3., to Western boundary of Kansas
Kan*at Cfw Toneka a Vealern Railroad :
Kansas City, Mo , to Topeka. Kan. (not Including 4-10 miles
66-32
of second track betweea Kan^sas City aud Argentine)
^'
SIAGOUN, Ohairman.
:
Fe Bailkoad Ststem— Pbopee
AUhiton Topeka
Bi"
C.
M
M
30-96
13-31
9-»l
8-27
5-93
Omt-HALF Ag ATCrnSOK fWXPAXT'g
Wichita a WtsTtEs Kaii-wat:
Wirhilad Wit'em Railroad:
Wichita, Kan., to Kingman, Kan
335-82
44-93
Kinvm'fn Prallit Weiteni Railroad:
Kingman. Kan., to West Line Kiowa
68-11
Co.,
Kan
79-71
@FedFRASER