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xmm
HUNT'S MERCHANTS' MAGAZINE,
EB!PRE33E3NriNQ
VOL.
THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES
SATURDAY, NOVEMBER
47.
SJx^
24.
NO.
18S8.
WMk SnMnQ Nov. 17.
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A
P.OMt
of Adrertising.
M7,780,M1
777,628,874
-14-S
a.M3,Sljn
(8,487,778)
(-86-7)
"(894.800)
(47S.«aO)
(1».BM)340) (188.864,4671
(11,878,000) (83JAe.O«0)
(-86-4)
Sorlngtleld...,
Lowell
Total
New England..
Philadelphia
Plttaburg
Baltimore
l,749.KgB
1,841,832
1,115,976
1.184.140
1,043.617
-0-6
-8-1
807404
—13 8
116,046,9%
111.216,441
-H-8
108,U4,»8
86,188.191
11.837.769
-6-1
-8-9
-6-1
88,7803*8
10.984319
13,S«8,4i!3
7o.so8.eeo
19,113,188
13,708.717
90.892,^113
96,388,838
-6-9
80,884310
70.792,998
11.575.050
4,980.915
4.664,385
2,770,866
8,590,406
8,586.880
-7-0
-6-«
89331.78*
10.617300
Cincinnati
Milwaukee....
Detroit
Indianapolis...
10,927,800
5,166,544
4,9f6.3IO
a,90A,«71
the Inch.
Omaha
Bjasosni
,
Peoria
Minneapolis...
Denver
1 Drapers' Gardens, E. C, who will take St. Paul
nbscrlptions and advertisements and supply single copies of the paper Orand Raplda.
Wichita
•t Is. each.
Dnluth
€o., PublUbers, Topeka.
wTTTTAi. n niuk (WILIiIAn B.
William
Street,
loa
i^^^Jt'r^n
\
TOHH
e. FLOYD.
Total Western.
p^jjj^ Ofuck box 958.
I
Weasn Edwards & smith,
DANA &
NEW ¥OKK.
St.
St.
CLEARING HOUSE RETURNS.
Lonls
Joseph....
Orleans..
Loalavllle
New
Kansas Clt7...
Memphis
week under review are (xalveaton
Norfolk
important
interest,
the
most
fact
feature
of
without special
Total Boathero...,
revealed being the loss in comparison with the like period a
year ago. Stock speculation at New York, although not dan FranclBOo
ToUlall
active, covers a somewhat greater volume of transactions
than in any week since October 5; but in breadatuflfs, pro- Oatslde New York..
of exchanges for the
the speculative dealings are much less than in
previous weeks. At Boston tha dealings in both shares and
bonds on the Stock Exchange reached a heavier total than in
the previous week. Contrasted with last week, the current
and
oil
aggreg-ite records a gain of
more than one hundred and
sixty-two millions of dollars, but this increase is entirely due
to the greater number of days covered, last week's ^returns
including the election holiday.
Compared with the corresponding week of 1887 there is a
New York
of 14'8 per cent, but this is wholly due
from last year in stock speculation. In
the total for the other cities the falling ofiE reaches 1 per cent.
Altogether there are nineteen clearing houses which report
decrease at
to the large falling off
2.491.317
i;saajss»
8,890.116
6.254.93S
2.879.085
4,498.080
704,201
516.394
8.006.281
1.6483I6
46-9
-aort
-8-6
-1-8
1.186,894
I,a793«0
l,03i>.x38
1,4I9,U8
607,046
10,718,746
l,9*e3M
8,487343
8,379.098
+Vt
-H4-0
8,251.4.*)
-fS71>
4,687,737
887.797
-HO-4
74.'i,147
-307
570.916
661,18*
8.663,110
-46-1
I3(l03«0
-4-8
iu,ai478
878.174
888,7»
123.289,687
18,143.217
1.806,498
18.778.818
S.901.0S3
0,899,463
8.559^168
8.196.078
17.460.230
1.646.811
14.471.753
6318.713
8.49e.C79
3.014.046
-5-6
1371396
8,7^0,615
6.498,416
8367,188
4.096,154
888,786
—4-8
+1-6
908,6118
12398369
+^
8,471361
8,447380
8,7S'^138
8JM1.748
-817
1,869.881
-^a•l
1387309
86,580,060
56,005,112
-n-0
58,004386
80,910,876
18,816,404
-fll-O
16,1003*6
1.067.686,384 1.181,»79,79e
-fl
T5*
M
&
IMunu
ITMk JlndiiK IfrnmoHr *«.
Wfk BnTt tr(n.n.
8«IW««rayk.
1887.
Itharm}.,
Chleaco
The market value of the share sales at the New York Stock 8t.Loala
New Orleans.
Exchange for the week reached $83,192,000, which compares
Total. 6dars
••••
tlie
with $129,962,000 for the week a year ago. We arrrive at
sUmatedldar...
exchanges due to transactions other than in stocks by deduct"
Total fan waek....
P. Own.
610330.041
469.108,6871
(1.060.082)
(1.043.498)
•f 8-1
74.738.574
67.900.147
10,169.80i
81.168,874
f98-9
48,980380
<-l8-S
-(-834
67310.000
48.000,000
14,683,807
11380340
8t4883M
18,190.866
83A368
1888L
-(-I6-*
^»«8
f*S7
urs
787388.817
188.487364
608301,180
166.808.467
-•8
~M0!7be,481
890.108317
"+1S-4
115.104.407
ll9.S64.t6*
-t-aS-ll
043M.OO9
ing two-and-a-half times the above values, the result being Balance Conotr7*
:i-H4 3 1.0«7.8«W.iW4
^1.044.HI8.a88i 014,B57.7!I9'
$459,800,991 and $453,120,374 respectively in the two years, or
Total week, all
• For the ful- week, based on last week's estloutee.
» margin in favor of 1888 of 1 '5 per cent.
.
-n
»a4.9a7.448
'ae63<M3M
404.064.489
-7-1
8.780.777
corresponding five days of last week, but io comparison with
the similar jwriod of last year there is an increase of 17-8
per cent. Tiiis gain is to a large extent due to the fact that
last year's figures only cover four days, the Thanksgivinis
holiday having intervened. On the basis of the8e telegraphio
returns the estimate for the full week ended November
would seem to point to an excess compared with 18:J7 of about
14-3 per cent.
Co. report the number of
Messrs. B. Q. Dun
failures for the week ended Friday uight as 296 (200 in th«
United States and 36 in Canada), against 337 last week and
207 for the week of last year.
gains exhibited are at Denver, 27-9 per cent; Omaha, 18"2; 8aU$ of SUKk
Memphis, 170, and Springfield, 16-6 per cent. Contrasted Boaton
Philadelphia
with the similar week of 1886 the excess reaches over 10 per Baltimore
It
***
16.638387
1,907389
899,»17.3a3
-8-1
4.460.148
4,113.646
1,876,<M
+iari
-H-0
The returns of exchanges for the five days ending this
evening, as received by telegraph, record a decline from the
Duluth leading with 45-1 per cent, followed by Wichita,
and Indianapolis, 30-5 per cent. The most important New York
cent.
6348300
8,890,310
6.484.887
117.387,l«»
losses,
80-7
83.799,786
5,!>71.000
1, 781.837
eS3«8,800
Colnmbas
!i6;m6,oooI
^M7.8ao
Chicago
Cleveland
-«-8(
M8-*
(738,0061
(480,100^
98.801.877
l.«!W,643
1.109,711
1.063,935
l,aie.33i
747.094
Total Middle.
Ii«ndon Agents
-19*
joTun
888,
103.871.374
Advertisements ordered for less than one month, In the Commercial
tc FiNANCiAi. Chronicle, are published at 25 cents per line each insertion. 'When orders are definitely (siven for one month or longer, a liberal discount is allowed, and the net prices may be obtained on application at the otiice. The lowest rate-t on permanent cards definitely ordered for one year are 8 cents per line each Insertion, making $58 for
one Inch space one year. Space is measured In agate type— 14 lines to
Tisions
10.
P.Omk
1888.
Salttot—
ISUtcka
The returns
Wt*k SnJ** JTm.
C!l^lxr0mjcIje.
1887.
Terms
1,222.
p. ami.
THE CHRONICLE.
606
XLVn.
[Vol.
te ai the disposal of the Russian Government.
The
carrying out of this arrangement, some claim, will require
is to
THE FINANCIAL SITUATION.
The movement of currency to the interior has in good for a time quite a supply of gold.
Oar foreign exchange mirket haa been strong this
and there have even been considerable
receipts from the East, but the money market has shown week and on Wednesday the posted rates for bankers'
a better demand and better rates. The truth is, bank sterling were advanced to 4-85^ for long and 4-89 for
reserves are being depleted now by surplus tax receipts by short.
Commercial bills continue scarce, being absorbed
the Treasury and by shipments of gold to Europe. Whether as promptly as they are offered, while the demand has
Secretary Fairchild will increase his bond takings been good to remit for stocks sold on European account.
again by raising his price of purchase and taking the 4 per On Wednesday it was announced that $500,000 gold had
part stopped,
cents again, no one can
We should
tell.
hardly think he
would, unless the urgency became very pressing. Tae tiiect
would te, by keeping money eesy in New York, to increase
been engaged for shipment on the following d»y to Berlin, but it was explained that this wai due to a special
On
it was not an exchange operation.
Thursday engagements began tj be made for shipments
arrangement. So far as represented by bankers' balancjs, on Saturday, $1,000,000 being taken for London and
the extremes this week for call money have been 4 and 2 $650,000 for Berlin; yesterday the further sum of
per cent, averaging something over 2-J per cent, at which $2,016,000 was taken for London, bringing the gold
We
gold shipments.
order and that
see nothing desirable in such an
Banks and trust com- shipments for the week up to $4,166,000. The Bank of
under 3 per cent as the England has advanced the price of gold bars to 77s 10|-d,
minimum. There has also teen a more urgent inquiry for against 77s 9d the last street quotation.
It is stated)
time loans, both from bankers and from commission houses. however, that the Bank has not paid that for any gold,
figure renewals have
made.
been
panies have loaned very
little
This
is due in good part to the condition of foreign
exchange and to the consf quent large shipments of gold,
aided by the consideration that we are approachirg the opening of a tew year when there are always special demands
and a quickened movement. There is now no foreign money
that the bankers who are shipping to South America
pay for the American bars sent from here 77s lOdto
773 10:^d, which accounts for gold going to London
while exchange is apparently below the gjld-exporting
but
will
point.
and for obvious reasons, the supply coming chiefly
from trust compabies, from a few city banks, from Pniladelphia and a few Eastern institutions who are still willing
First
to accept the current rates
seems that the conclusions reached do not
offering
;
the quotations
on
first class
collateral are
come to the front this week.
London papers with the results of the
Parliamentary Silver Commission Just made public. It
The
silver
we have
discussion has
the
New York from
3^ per cent for sixty days, 4 per cent for
ninety days to four months, and 4^@5 per cent for from
four to six months.
Commercial paper continues in good
pectations raised in
demand from
the commissioners very fairly.
all
sources,
increased in proportion to
4f per cent
receivable
;
sixty
for
5@5f
and the supply has not been
the inquiry.
ninety days
to
Rates are
4j@
endorsed
bills
months acceptances, and
good single names having from four
four
for
the ex-
fulfill
the cable dispatches
Oar London correspondent
received about ten days ago.
to-day appears to us to give the findings and the position of
Of course the
bi-metallist
half go as far as any one could desire; but themonomeSalliBt
The poitt, however,
half are just as decided the other way.
is
— what,
if
anything, has been accomplished or
likely
is
done as a result of the inquiry? To discover the
to six months to run.
truth on that point one must manifestly look alone at the
There has also been an upward movement in money monometal lists' propjsals. Those were two (I) that the
in Londop, the open market rate for the diE count of duty on silver plate should be abolished, and (2) that the
sixty day to three months' bank bills having advanced to Government of Great Britain should negotiate with other
silver
extended
use
of
more
4 per cent.
This advance is wholly due to the renewal of nations for the
the shipments of gold by the Bank of England.
The net for currency purpose?. Of course many will hang a
5^@6^
per cent for
to be
—
by the Back
the
week is £1,098,000, but a private hope on
)^ as made up
by an import from nothing practical
Austialiaof £100,000, and by receipts from the inte- European nations
loss
this
rior of
Great Bri'ain of £81,000, and an export princi-
pally to South
had the
America
effect of
of £1,279,000.
This large export
bringing the open market rate to within
in
see
other
Britain and the
Great
it.
will
We
recommendation.
laiter
cable to us ftbtes this
(much as they did
at both of the
International monetary conferences that have been held)
do
all
they can to encourage the
United States
to
go ou
coining silver dollars; but as to their entering upon the
minimijm instead of a difference same or any like course singly, there is not as yet the least
of nearly 2 per cent, about which it has ruled for some prospect of it.
If we leave the whole suiject alone,
Tne truth is,
in
the end be adopted.
weeks. As tie gold holdings of the Bank of England are bimetallism will
now only £18,466,779, the Bank's need is cleatly seer, so Great Britain begins to feel the suffering in India which
1
per cent of the
official
speculative operations in South
America and speculative the decline
in silver
has produced, and
this is a
first
pinch. On February 2, 1882, the bullion held
by the Bank of England fell to £18,722,387, and the Bank
rate was raieed to 6 per cen'.
The gold shipped from
New York may prevent any advance in the official rate
At Paris the open market rate is 4 per cent,
now.
and at Berlin and Frankfort it is 3:i@3f per cent. The
Bank of France has ihis week gained £80,000 gold, and
the Bank of Germany, since the last report, has gained
£200,000 of the same metal. Cable advices report thai
edging that the shoe pinches
expressed our opinion with regard to the
the convention wiih regard to the Russian £20,000,00(i
amounted
ests, feel the
loan has been signed
;
the statement
£12,000,000 of ihe loan
is
is also
made
that only
intended to apply to the con-
veision of the 1877 loan, and the remaining £8,000,000
—
bimetallism and
how
will
it
kind of
merely acknowl
We have
nothing more.
shy at silver on that account.
holdings of United States securities, as well as other inter-
It is
come about,
final
success of
in the first part of
our reply to Mr. David A. Wells, which reply we begin to
puolish to-day in a subsequent column.
Another suggestion
is
the annual report of
ihat brings
up the
silver discussion
Treasurer Hyatt, which has been
prepared, and portions of
it
made
public this week.
s'ates that the silver dollar coinage
to $32,484,673,
He
during the year has
making the
total
coinage up to
we all knew that, so there
The point which
statement.
June 30, 1888, $299,424,790.^But
is
notniLg startling in the
was
not
known
is
that,
although the coinnge was, as
NOVEMBEB
'U,
THE CHRONICLE.
ItttJtl.J
32^ ^million
dollars, the net
distribution
of theee
607
while for the tea months it u 3 milliou \ugu
than in 1887, 5 milliona larger than in 1086, and 6 miiIioo«
lars; owiDg to the scarcity of one and two dollar notes larger than in 1885
evidencing a steady and hnrj
and the demand for movement of the crops, nearly 9 expanaion in all the years.
stated,
year,
dollars increased during the year only 39 thousand dol-
—
millions were drawn into circulation between May and
Taere ia much discusaion joat now with regard to
November, 1887, but when the notes wore again to be changes in the Inter-State law, moia Mpecially in tit*
had, the dollars came back to the Treasury as fast as they matter of pools and pooling.
In fact there is no topia
had gone out. The Treasurer recommends, therefore, that is commanding so much attention among railroad
that
if
the purchases of silver are to continue, the bullion
men.
This
is
very natural, seeing that the ordinary
be put into the form of heavy bars, as the present supply
of dollars will be sufficient for any demand there is likely
culties attending
to be for them, while the increase in certificate ciiculation
statute
could be based with perfect safety on the uncoined metal.
That is undoubtedly a wise suggestion, but we ate afraid
road
it
smacks too much of wisdom
Congressmen.
to
be acceptable to our
silver-loving
Trade
affairs are
somewhat
In certain lines
irregular.
and in certain sections the reports are very satisfactory.
In other lines and sections the tone of the advices is not
BO confident as it wap, though the volume of business
continues large everywhere, that having been a feature of
As
trade for a long time past.
West than
better from the
a rule, the accounts are
the East, the points closest to
the Eastern financial centres giving more or less evidence
Perhaps there has been
of hesitation in trade matters.
some disappointment because it had been supposed that
there would be a very decided revival and impiovement
But besides
the moment we got beyond the election.
this, there are some positive influences of an unfavorable
P^lour mills are shutting
nature just at the moment.
down, and the export shipments both of wheat and flour
continue very small
At
cereal.
— thanks
the
to
speculation in the
the same time our general imports remain
exchange rates are very high, while cotsiderable amounts of gold have already gone out, and at a
season when we usually import gold. Such conditions
would naturally inspire a cautious feeling on the part of
these whose operations are to some extent governed by
Ttien bank clearings
the outlook at the financial centres.
large, foreign
are falling below those of the corresponding period la%t
railroad
increased and multiplied under
—a
fact
which
diffi-
operations have been greatly
is
the existence of
home
brought
to
that
rail-
managers
in
a
hundred
different
ways.
The main trouble of course is in the comp*>
tition of the weaker
lines.
These cannot compete
on even terms with the rest.
Hence there is always an
incentive on their part to disregard the ordinary traffic
compacts so that they may secure a share of the businsM.
Sometimes the means employed are direct and open, but
more frequently the attempts to get business are indirect
and secret. In either case the stronger lines soon feel the
effects, and in return make equal or greater concessionsThen the weaker lines go one step further, and in a very
short time a full-fledged war of rates, which benefits none
and hurts all, is in progrees. This has been the expsrience
over and over again, and as an alternative to such a state
of things the pool was devised, by which in effect the
stroDg<:ir lines guaranteed to the weaker lines a certain
amount of traffic or revenue, this being the price paid for
These arrangements the
the maintenance of peace.
Inter-State law has prohibited, and hence it is claimed all
is
chaos.
But without passing upon the question whether the
>rould return if pooling was restored, it ia
quite in order to ask whether there is the least likelihood
that the law can be changed in that particular.
We
think not certainly not at the ensuing session of Congress.
Of all features of railroad operations none have
ever been denounced with the vehemence and violence
PoUticians of both II ;u8e8 and of both
that pools have.
millennium
—
all
have vied with each other in attacking them. We
no changes of view that would lead one to expect
different treatment of the question now, should it agaia
yet
come
while
year,
decrease
earnings
railroad
in
nearly
over
all
the
there
country.
is
This
a
be temporary, and certainly is due to special cause?,
In
it exercises a deterrent eflect upon new ventures.
the iron trade the placing of a large order for steel rails
by
the
Pennsylvania Railroad occasioned momentary
excitement, but the production of iron continues large
and the outlook
for prices is not
partiis
may know
what might be wished.
Coal prices are also reported weak, but here there are
some very encouraging features. Mr. John H. Jones has
of
up.
This being the case,
hopeless delusions?
it
is
wise to entertain
A large amount of
traffic is
offering
no question about that. The
paying ratea on it. What
getting
only difficulty is as to
then should be the policy of railroad managers ? Ceiw
in
folding
would not be justified
tainly
they
their arms because an unfair and unreasonable law
they must get
forbidden,
being
PoolinK
exists.
and in prospect.
There
is
week published the figures for October, and they
A.
way they can without it.
best
the
show that notwithstanding an increase in the output over along
must be devised.
better,
or something
last year of more than a million tons, stocks at the end of sutstitute,
the month were actualljr a trifle smaller than at the Among the trunk Hues, the granting of differential ratea
this
weaker roads has taken the place of pooU. It ia
does not work
in 188? when there was a strike in progress in the Lehigh claimed by the stronger opmpaniea that this
But cannot
know.
caruinly
Tliey
region, but even allowing for this the increase is very satifaciorily to them.
beginning. It
heavy.
true that
Especially
worthy, as
months.
is
is
we
the enlarged
follows such
it
Here
is
are comparing with a period
our usual
to the
If ttie
a different application of the principle be made 7
existing differentials operate to the disadv»nUge of the
consumption note,
decided gains In previous
stronger
table.
Jan.
1 to
oa.
yield
81.
Total Bupplj
St'k end of p«rloa
Conanmptlon..
Tbiu.
370.811
iser.
lass.
1887.
Tnu.
nni.
Tbiw.
891,748
4,187.938 iS,18S,288
Jont.
87SJS3
180.977
81.7l»,148!28,l8e,74» 20,047,873
i.5£8.i»7
8.S80,(M6
359,188
lS8,«Te
4,030,483 81,8M,12«(ii8.55a.031 SIJ,8j1,W0
440,9l)ii
158.976
440,962'
35»,133l
4.19UJb4i S.42I.OTO
31.494.»B7!aa.«0O.OI)B lig.M0.»S8
Thus consumption
this
year in October was over three-
quarters of a milUon tons greater than
in October last
would not a reduction
satisfactory results ?
of those differenlalk
We
notice that Presip
dent Spencer of the Baltimore & Ohio, in his pr<«eat
report, expresses the view that it will be poaaible to preserve harmony and produce good results even under the
AntkraeiU CoaL
Stock begtunlns
of period
Produotlon
lines,
more
existing law, though he suggests k rigid restricUon of ttie
rate-making power, wi#i the view of confining it to offi-
whose responsibility can be clearly determined. • Rail.
their
road mansgers cerUinly owe it to aemselves, to
sis of the counj
inter*
industrial
the
to
and
hcldeis,
security
cers
I
•
THE CHRONICLE.
608
try, to
make a determined and
the present
The stock market
variety of
heroic eiiort to overcome
difiBculties.
1873.
(Reply to Letter of Mr. David A. Wells.) *
week has been
developments, and as a conse-
this
unfavorable
ECONOMIC DISTURBANCES SINCE
by a
afiected
[Vol. XL-VII,
Article—" Food."
First
lower, with sharp breaks in spe-
quence has been weak and
cial stocks. Europe has been a
Mr. Wells in "reviewing his reviewer" appears to start
through the with the purpose of drawing us into a general discussion of
week, and this supply coming at a time when there was all the causes which have contributed to the unprecedented
very little demand for stocks here, has bad a bad effect. decline in prices a decline which his original articles
quotations for foreign exchange so clearly disclosed.
"We cannot accept this proposal.
Concurrently the
went up, and large engagements of gold for shipment "We should never have criticised Mr. Wells had he dealt
seller
nearly
all
—
Farthermore, the with his subject merely theoretically.
It was only
to the other side were announced.
theory to facts and
weekly returns o! earnings now coming in have been because he descended from
pretty generally unfavorable, and no improvement has in support of his theories made statements about the
known, taken placs in the situation of
affairs between the trunk lines, though it was reported
yesterday that a meeting of the presidents had been
In the West there is a good
arranged for next week.
deal of conferring, as in previous weeks, but meanwhile
yet, so far
as
is
markets of to-day which can be proved to be correct or
Had he conincorrect, that we joined issue with him.
the way,
Canal
(finished,
by
fined himself to the Suez
nearly twenty years ago) and to citing general changes in
methods of business and production (in progress a half a
The century or more), we should not have said a word in reever.
as
unsatisfactory
as
remain
most encouraging sign we have had for a long ply. Steam, telegraph, railroads, Suez Canal and improved
while is the announcement that the roads between Chicago machinery are no doubt facilities for increasing producand St. Paul, taking advantage of the reduction in rates tion and cheapening products. No one has denied that.
by the trunk lines, have resolved to increase their propor- But they are at the same time the active promoters of
tion of the through rate between the seaboard and St. commercial expansion, material development and wealth
Paul. This is so different from anything to which we distribution, opening up nations of new consumers as well
have been accustomed of late that it would seem as if it as multiplying the power of consumption everywhere.
rates
to be hailed as a first glimmer of returning sense.
suggested uncertainty as to the dividend on Chicago &
Northwestern stock also had some influence upon the
ought
The
A
latter forces
The dividend was declared
course of prices.
yesterday,
the rate being 3 per cent, or the same as heretofore. As
rule, those stocks have been weakest in which the foreign
a
some of the specialties like New
York & New England have had exceptionally large
Yesterday afternoon there was a sharp recovdeclines.
ery in prices, occasioned by the action on the Northwest
dividend and the report above referred to with reference
to an early meeting of the trunk-line presidents.
Tne following statement, made up from returns collected by us, shows the week's receipts and shipaients of
intersEt
is
heaviest, but
currency and gold by the
New York
banks.
Wells' school wholly overlooks the
theorist of Mr.
and yet
;
That method
of
it is
not our purpose to urge them.
investigating late
economic
disturb-
ances has been so long and so largely used and is withal
so very inconclusive, that though it may continue to inter-
and possibly many readers, practical men
have no more time for it.
Then again, we decline to join issue with Mr. Wells on
the general subject of monometallism and bimetallism to
which he invites us. So far as that issue came up inci-
est the writer
we
find
our examination of Mr. Wells' statements,
it,
but noted any remarkable coincidences in the movement against silver and the decline
in prices which we thought the reader might like to be
reminded of. We are sorry that this method hai given
dentally in
we
did not avoid
Mr. Wells and that he thinks the controversy
has thereby " assumed a personal character utterly un" worthy of scientific investigation."
It was lack of judgoffense to
Week endtnt Nov.
23, 1888.
SMppeiby
Received by
N. T. Banks. N. T. Banks.
$8,';83,000
Gold
Total gold and legal tenders....
is
Moven\ent.
11,933,000
263,000
Gain
tioss.
2(15,000
13,800,000
Gain.
»585,000
»850,000
ment on our part if what we said admits of such criticism,
and we can only express the hope that our words and
connection with the Sub-Treasmethod will be more intelligible and less unscientific now.
t2,7b5,0O0
Taking the foregoing in
ury operations and Thursday's
result
Net Inttrur
gold
shipments,
the
as below.
Weeh eniing Nov.
And
Out 0/ Banks. Net Ohante in
Bon* HdlMnii.
Into BanJu.
would add that
It is
all.
BankB Interior Movement, as above
8«b-Treas. oper. and gold exports..
t«,785,000
9,100,000
t2.300,000
10,600,000
Gain.
Loss.
1,500,000
Total gold and legal tenders....
»11.885,000
$12,80a,000
Loss.
1915,000
»685,U00
KOTE.— Tlie above
m.ade
Tliursday and
aggregate $3,666,000.
wluoh
loss does not Include the engagements
Friday for tbe gold shipments to-day (Saturday),
amount of bullion in
week and at the corres.
table indicates the
the principal European banks this
ponding date
last year.
Nov.
Nov. 2i. 1888.
Gold.
£
SUver.
TotaU
Gold.
«
£
£
SUver.
a
18,466,779
80,873,584
t0,985,075 49,277,899
28,696,667 14,848.333
90,262,974
45,496,037 47,761,435
23,032,200 15,354,800
6,950,000 15,651,000
21,501,000
43,043,000
6.090.000
7.453,000
12,518,000
Nat.Belgium*
National Italy
2,420.000
1,210,000
3,630,000
6.970.000
1,115,000
8,083,000
7.481,000 14,597,000
1,046,000 8,106,000
8,642,000 1,271,001)
6,983,000 1,118,000
it is
because
7(Xa!.
£
20 275 564
03,257.473
38,387,000
22,073.000
12,lJi,OO0
being passed
week
108,578,521 88,900.332 197,638,751 109,855,80ll88. 208.235 198,064,038
Tot.prev.w'k. I0«.4fl«.37- «8.758.64r. lflS.23r>.023il09.5n3.«l»lS7.92t.37ll 197.487 990
—a view, by the
Silver
of
the
Commission just made public.
world must be content now
teaching
of
current
The
to
nations
await
taking
events,
If experience
philosophy.
and
the
their
suffer-
safe interpreter of national as well as individual action,
only of course the more observing and teachable the peoples
of the world are, the less will experience cost. And it wag
*For Mr. Wells'
letter, to
which these
clusive.
a replyt
August 18, In-
articles are intended as
see the several issues of the Chronicle,
from June 23
to
Our reply has been delayed longer than anticipated by
tles
formaUon desired,-[ED GHRoaictB.1
the latest reported flguios.
illus-
ing prove bimetallism necessary, as we believe they will,
Time is a pretty sure and
it will come, but not otherwise.
iBsued nearest to that date— that
Is,
occasions devoted
way, which finds new
NOTE.—We receive the above results weekly by cable, and while not
aU of the date given at the head of the column, they are the returns
P
we
tration in the unsubstantial results of the Parliamentary
3,813,000
8,101,000
both metals,
not because of any change of view at
we have on previous
own medicine with
24, 1887.
18.468,779
Netherlands..
Tot. this
declining any general discussion of the
much space to like discussions, and fully recognize that
the period for that kind of controversy has for the time
slow
Bonktof
England
France
Germany*....
AUBt.-Hung'f
in
effects of the use or disuse of either or
23. 1888.
The following
yet,
experienced In obtaining from foreign
ofllolal
difflonl-
sources detailed 1«-
NOVBMBKB
solely because
ed
THE CHRONICLE
84, 1&88.J
we
believed that Mr. Wells' articles present-
opportunity for instruction
All
theories by current facts
— that
is,
for
testing
—that we ventured, as already
to take exception to so'ne of his statements.
honest way, bo sought to strengthen his position by showover-supply of commodities.
ing an
Feeling that long
study and e.xperience had familiarized us with thoie facts
at least, and that we could speak about the leading staples
who had
with more accuracy than one could speak
perionce
;
— feeling
Welh'
in Mr.
this,
ex
and believing we discovered errors
we ventured
facts,
less
to criticize them.
seems now that our first fault in that criticism was
in writing of whe*t and quoting as &i introducLion hia
sentence which referred to " food" and no: to wheat
"We might excuse ourselves by siying that
only.
It
we
only adopted
approached
market
the
and
Mr.
Wells' method
inquiry
following
with
in
regard
by an
to
the
way we
the
wheat
investigation
of
way
lUUng
of.
the caae was a fair
use of (ignres.
said,
la his open,
tiO»
authority thought that
Apparently Mr. Wells thinkt that luoh aiMrtfooa are
evidence and
For
sufUcinntly corrobora'n
quoting from
after
hi*
chief
bis
conclnsioM.
authority
in
thie
moat we not add. misleadiog manner,
and afier giving a sentence from " the German Eooaom'st Kles-r
(who, by the way, if we can trust the
quotUion, is more bold than jadifioos, aa we shall
presently cee) and following that with the name of
several j mrnals and articles which he a^ys have supported his view
after presenting such an accumulation
of undigested assert on and isola el facts, he olosea this
portion of his argument with an appirent thrill of sa.is" If, therefore, I have
fac ion in the following words
"been wroog in my conclusions as respect the caosea of
imperfect and,
'
;
—
:
" the
decline in
the price of wheat, as the Ciiboniclb
in very good company and I wilj
But that is of little moment. We are "go further and challenge the Giironicle to name one
" first class economic journal othor than iiself which holda
just as willing to be guided by him into the larger field
Bat to reach any conclusion " to opinions antagonistic to those which I have submitted."
as into the narrower one.
One Tuat must mean that others' mistakes make one's errorsthere mus'. be method and comprehensive det»il.
oan readily see that the grouping of a large number of correct, or else it is aa attemp'. to apply to statistical inves-
in
it
" as-erts,
have erred
I
;
other markets.
articles, and speakiog of them in gross, while specifically tigations the theory, vox populi, vox Dei.
We never could
mentioning only one or two, admits and encourages no asssnt to either proposition, so we cannot accept Mr. Well's
That method may raise challenge lo number noses with him.
little indt^fiaiteness of estimate.
a dust and befog the j idgment, but it certainly does not
As a next stop in his argument with regard to " food,"
advance exact knowledge. Yet we look in vain in this Mr. Wells states that the production of cereals in th»
part of his letter for any data detailed and comprehensive United States has grown faster than popula'.ion.
How
enough to aid a research.
far a general statement of Unite 1 States grain production
To be sure, Mr. Wells cites several authorities which is relevant in a discussion of the food supp'ies of the-
him much comfort, though
a'l of them but population of the world, we shall shortly see.
Bat first
depend for their con- let us look at the facts given. To make good his contenclusion on mere opinion aided by a reference to very de- tion Mr. Wells advances bis initial year from 1862
Soltory facts, such as a gain in wheat production in one, (admitting that our criticism of that year was valid) to
two or three countries thown by comparing single years. 1873, and then gives us not his own compilations (though
The solitary exception is in carelessly citing from Mr. the Government figures a'e equally accessible to every one),
seem
to give
one, 80 far as their words are quoted,
Sauerbeck (who Mr. Wells says, "it will not be denied, ig but some results which he cliims Mr. E IwarJ Atkinson
regarded as one of the best statistical authorities,") some has prepared, and which he says show that the " aggreestimates aad percentages of the total production of whiat " gate cereil cro,s of thi United Stites (exclusive of
and maize, and a'ter that citing from him also a statement " rica) increased from 1,638,892,931 in 1873 to 3,014,.
with referee ce to the increased production of wheat in " 083,984 bushels in 1835, or at the rate of nearly 100'
the United States, and in both instances omitting the qual
ifying sentences Mr. Sauerbeck adds to show that his figures and percentages were, even in his own view, excessive.
" per cent
regard to the wheat and maize estimates Mr. Sauerbeck says, and Jlr. Wells omits to state (on page 609 Journal
Statistical Society, September, 188G), that "in the fore" going estimates the largest figures have as a ru!e been
article,
With
the
;
increase
of population daring the
" period not having been in excess of 37 percent."
same
Now,
we have not had the pleasure of reading Mr. Atkinson's
and we do not know where it is, or whether he has
made any such absurd nee of these production figures
as Mr. Wells' statement
all
we can say
would leave one to
Bat if so,
infer.
requires a deal of credality in a statis-
is it
" taken for ca'culating the increase. Where there has been tician to accept another's work so confidingly. One should" a falling o2 during the last few years the highest figures at least be caitious enough to go to the fountain head of
"have been averaged with the la".er figures. The whole such information and discover its component parts before
one adopts per capita percentages. It is manifestly inapt
from iho same authority Mr. Wells to have selected two single years for the comparison,
trangely omits a most important qualification. Mr. Sauer- especially as the former must be considered much too
beck (as a conspicuous instance of enlarged growth of wheat) small, as we shall presently see, while the latter is the
Yel
refers to the United States in the following words (see the largest production the country had ever secured.
only
For
feature.
same statistical journal, pp. 602, 60.3); "In wheat we ob- that is not the most objectionable
" serve the enormeus increase in the United States where think of giving the total of the oats production, aiiA
"the figures of 1872 have been doubled from 250 million dividing it up per capita what, in the meantime, is to
"bushels in 1872 to .513 millions in ISS I {but only 357 become of our pior horses? Or how much reliance can
then in Australasia, etc." Mr. Wells, be placed in a food aggregate that inoludtis com and rye,
"millions in 1885)
anything, an exayf/eraled piclnre of the increase."
"give?,
if
Then in
his second recital
—
—
—
;
without any reference to the additional whiskey produced,
*
(though using or of the many other usee these cereals are put to ?
• Itmar 1>« won pnouih to mention one othw jiroof ot the canfturtoa
the previous and subsequent portions of tbo sentence),
fl»iir»>».
It
to
in quoting
this
sentence, has
omitted the words
we have put
to
our surprise wholly
in italics
and has thus left the impression that the United States
had permanently doubled its production within the period
mentioned, and that Mr. Sauerbeck --one of the best
s'atistical authc-ities," sd aaserced, and that the taiie
ih follows
from
tui^-tj-
:i
inpthoU of
I
1
il
1
I
I
!
nil
Til
I
r.
iiH.
U
citing
Inex
.III)., tnthr
lo tin- Imnheli
limn poinparlnif "leh " rnn— «
;aiu-.U(5
juoiiurtli. uu.
'
how
tUo aauie dlaalmllar lugri
i
'it
l«
obtalanl
toMtlJaiM.
ta»
nlmlUrooindUSurcnt
tS U>». to
t
Ji-lgr
THE CHRONICLE.
610
Sach compilationa aro getting to be fearfully common,
but are radically misleading, and have no statistic value
The point being investigated is the relation of
whatever.
the food supply to population.
Obviously no comparison
whiskey
;
nor ought
it
to include hogs' food
of special
ofiicial
statement of the crop of corn
the United
in
States.
We
make
should not
this
prominent were
point so
not the error this method cultivates doing wide
harm and
were there not additional and good evidence that the
estimates of our crops in 1872 and some subsequent
years were under-estimates.
Every ten years we have a
census, which is the test for all previous " guesses " at pro-
between different years can be made without reducing the
products to a common bushel. Then, too, does not that
inquiry cover man's food only ? Surely it cannot include
horses' food, nor the raw material for manufacturing
requiring pork to be a subject
the
rVoL. XLVII.
—accuracy
duction.
We
had such a census in 1880, which covered
The Agricultural Department hud for
the crops of 1879.
investigation.
case, if we were to deduct oats (which con.
359 million bushels to the increase) and corn
In the present
that year given
tribute
and the area under corn 53,085,450
its
corn figures at 1,547,901,790 bushels,
acres.
The census
(which covers over 1,000 million bushels of the increase) returns gathered later, reported the crop at 1,754,591,676
and barley and rye (which cover nearly 33 millions more bushels (or over 200,000,000 bushels larger), and the
if
these items were deducted there acreage at 62,368,504 acres, or 9^ million acres larger
of the increase)
would be only a small percentage of increase in the being in other words about 13 per cent more crop,
—
aggregate of the two remaining
articles,
than the increase of population.
and
considerably leas
in
Besides, corn, oats, &c.,
nearly a
face
of
fifth
this
more
area,
demonstration,
than
estimated
the 1879
;
yet,
estimate of
up almost wholly at home, and Mr. Wells is the Agricultural Department has stood unchanged from
European food supply. In that that day to this, and is quoted constantly by economic
inquiry it seems scarcely needful to say that only the exports writers as the year's crop. But even that is not the
can have any relevancy. Some of our readers may be sur- worst phase of this disclosure. For are we not authorized
prised, after the free use which has been made of these to presume that the error referred to, dates back many
very large production totals, to be reminded of the fact years? An addition of nearly a fifth to the acreage and
that the United States have never exported 100 million about 13 per cent to the crop of 1879 is a very large addi
Furthermore, the national count of 1879 (or 1880,
bushels of corn in a year, although in 1885 the crop was tion.
In fact in the as it is called) was a more complete one than that of 1870,
estimated at nearly 2,000 million bushels.
year of largest estimated production there were but and hence it may be possible that the error even went
Or taken in five-year back of the latter date. Be that as it may, the disclosure
64,629,607 bushels exported.
periods (a form which affords a more complete and of 1880 shows clearly that in 1879, and for many years
therefore more satisfying exhibit), our annual average before that date, the corn area and production must have
exports of corn appear to have been as folio ws.
been considerably under-estimated, and yet all the years
For 5 years ending June 30, 1876
38,560,557 bushels stand at the original "guess," and are compared as Mr.
For 5 years ending June 30, 1881
88,190,011 bushels Wells is comparing them, with late years, to make out a
For 5 years ending June 80, 1886
49,749,983 bushels case of increase.
The above gives us in brief the whole case as regards
So also of wheat, the census showed the estimated
com. Taat cereal (which is made to hold such a conspicu- acreage nearly 3 million acres and crop about 11
are used
figuring to discover the
we
ous place in this investigation) has,
uted to European food
thus see, contrib
million bushels too
products during the five years
is,
small.
of quantity) there cannot
Of
wheat production
now be such
(that
continued wide
ending with June 30, 1886, a yearly average of only
error as there is liable to be in the case of corn, because
49,749,983 bushels, or say only about 11 million bushels
we have data bj which wheat estimates can be revised as
more than it did for the five years ending with June 30, the season progresses, all the production not exported be1876.
That is the maximum of increase at which our ing used for food or seed. Hence, after the
season has
large corn crop can be used in figuring the food supply of
closed that is, after the crop has been marketed
the
Europe and even that covers its uses by man and beast.
home takings per capita (which, by the way, cannot change
But there is a further reason why our Government materially from year to year) become a check upon estifigures of cereal production in gross, and especially for
—
—
—
mates, or a test of their accuracy.
earlier years,
cannot be accepted as furnishing a correct
comparison of
exports
test
of
United States production, and
and European
supply
supply
excessive
—and
are
the
that
is
only
why
tion complete, one
the
this ver;fica-
figures for
two or
three successive years, so as to average and thus allow for
reliable
because
To make
must combine the
the variation in unmarketed supply.
our
Now,
if
we apply
wheat estimates of the Agricultural Deofficial
crop statements are only estimates, and, as
partment, manifest errors in early years will be found
every one knows, very inaccurate.
The statistician of that^is to say, those from 1870 to 1876 obviously averaged
the Agricultural Department is as good at " guessing "
about 40 million bushels too small; and probably some
as any man, but this is a very large country, the
subsequent years were also below the production, while the
area under corn, wheat, oats and rye is immense, and it
latest years the presumption seen '8 to be that the averaqe
ought not to be expected that an exact result could be athas been a little too large; this becomes obvious by a glance
tained by existing methods, or that one can safely insti.
at the following, showing the amount left over of the crops
tute a comparison between a reported crop in 1873 and
named for home uses that is, for consumption and seed:
1885 short of the data which a complete census affords.
5"87 bushels.
We have a marked illustration the past season of the Home consumption per capita was in 1860
1860 to 1887 there are no complete reports, on account
From
great inaccuracy which is necessarily incident to our
this test to the
;
—
Agricultural Department's estimates,
its
of the war.
consumption per capita averaged three
figures respecting
Home
the cotton crop having been fully 700,000 bales too small.
Any
such error,
made, is clearly detected in cotton
later in the year, but a very large error could be made
In corn without any one being able to prove its existence;
yet, when so made, it stands forever, and is accepted and
qnoted in discussions like the present, all over Europe, as
years, 1867-1869
Home
if
5'31 bushels.
consumption per capita, four years, 18704-66 bushels.
1878
Home
consumption per capita, six years,
18745-31 bushels.
1879
Home
I
consumption per capita, Ave years,
1884
1880-
5-93 bushels.
-
P
November
THE CIIRONICLK
24, 1888.]
made up from
Tliese por cipita average results are all
the Af^ricultural
Departmonl's por capita figures.
reader will notice
among them
that the estimates of the
four years conspicaoui", in
crops on
4 G6 bushels por capita for
Every
home
the average only lef^
uses, all the others
taken
togther aversging about 5^ bushels. Wo must romem
ber, too, that 1870 to 1873 were years of signal speculative activity, a time when the consumption per capita was
we can say without exaggeration)
as large (we believe
al'
authorities
lelt
r,
so
as
(o
wheat he
1872
or
former
(the
seiies
1873,
year
:
A.— Earnings
and expers's separately by divisions, both eeet
and west of the Ohio.
Statuin-^nt showing fixed charges againet each dlTlelon
B. —
anil tho profit or loss to the H.
—9t»teniont
and
which
of
being
the
some
are
in
this
crop
smallest
es'i
them
* O.
'
giving the lietailH of the income from inveetmonts and suurces other tlian tho operation of the rail-
cites in this part of^his
both
maj McbMr
really b, we
—
road.
D.—Statement
etc., f < r
of
Id order that the reader
document we are reWewiag
the
annex a s}nnps<i of the varloni exhibits that McompMj
it
being additional and itipplementarj to Preeident
Speccet'it exhaustive remarks on the operations of the
it
quotes their words, use the figure s
as he
far
and useful Ubies.
elaborate
Mr. Wells, and also C.
Now
ever has been in our history.
as
611
in detail o( th<) interest charges, taxes, rents,
the
(IscaI
year.
—Oenernl nal'nco Slieet at great length, including stocks
afd bonds hj-ld by trus'eeo as security for bonded debt.
F. — Profit and Loss Account, with changes for the year,
E.
compare with G. List of bonds owned by the Company, aside from those
held by trustees.
1SS4.5, the largest crop estimate ever made, and not
II. List of stocks owned.
unlikely a little too large, since the amou't le't over for I. —Statement in detail of the present funded debt, with the
annuil charges on the same.
home uses that year was 6 66 bushels per capi'a, which
J. — Det' iled account of tlio leases of the Company.
would seem to a'lov for an excess've iocreaso in the K. List of bonds for which Company is guirantor.
Amounts and items of construction and betterment exI...
u-ma'keted stock, as the popu'ation was large then.
penditures for yf ar.
Is it extravagant to call such economic writing very incon- M, Washington Branch road Profit and Losi
Acjount.
mate
of
all),
of
—
—
—
—
clusive
?
Is it
not actually misleading
a smallest yesr and compare
?
Even
to pick out
to s ate that fact, looks to us q'lite careles, at least.
when
the smallest
A striking
feature of the report is the treatment of the
accumulated surplus which the Bsliimore & Ohio
But has been carrying and has been noted for, amounting a
with a largest, and not even
it
large
—
so ev:den'ly an underes'imate
the year ago to over 48 million dollars.
lo one sense the
and the census surplus of cou'se was entirely nominal; it did not exist in
ani per capita results in the matter of wheat and when cash nor in as^e's which could ba distributed. la aiother
(the question being man's food) a mixture of wheat, com, sense it was very real
it represented
surplus earnings
census proving
it
is
iu the ma'ter of corn,
—
;
rye,
oats,
offered for the comparison in bushels
invested
the
property
—
in extending
it, improving it,
and capacity. But In the
as if the result reached was not of much value in this progress of time ma'erial changes have taken placs in the
dis'urs'on.
value of the property represen'el by it.
Heici Mr.
And yet this is absolutely all Mr. Wells has given us Spencer after defining it and stiting that of csarss it was
on the general subject of "food," a'rout which he not a "fund" but simply th^ total credit to proSt and
expresses himself aggrieved because we did not say more loss and represented the difference between th? assets
in our former articles.
they appeared on the books of the company, and
the company's liabilities, he proceads to charge o£t
BALTIMORE d- OHIO UNDER ITS
against th's credit to profit and loss all doubtful or uioerMANAGEMENT.
tain items, besides marking down the valuation of many
It 's refreshing to get hold of a railroad report in which of the investments either to a merely nominal basis or to
Of a figure reprasenting their real worth. The examimtion
the management shows it has nothing to conceal.
course every company has its weaker points, but if the which has resulted in this appraisal has covered the entire
confi 'ence of the public is to be gained, there is no method period of the company's history, and has bean tmde in
like opening every closet and expoaing every skeleton. conjunction with the committee of invest'gition appointed
etc., is
aggregated without any regard to weights,
it
looks to U3
in
and adding to
its
efficiency
u
NEW
Id this
way
the security holder obtaics sure proof of the
horeaty and efficiency of those conducting thecompiny's
affairs,
while the near view which the truth enables one
early in the current year.
It is
unnecessary to go into the details of the matter, since
the particulars are given in full by Mr. Spencer in the
new remarks quoted by us on another page; but as showing
the the thorough manner in which the work has bean done
Baltimore & Ohio Railroad made public this week. It is we may refer to a few of the more prominent items.
a complete exhibit of the company's affairs an entirely Parkersburg Branch stock to amount of $5,712,184, actudifferent document from any ever before sub nitted.
We ally costing the Baltimore & Oaio $5,682,825, is now
do not at all suppose that the previous administratis n put at its true valuation of only $390,000.
The
gain
to
These remarks
always reassuring.
is
and forcible
illustration in
find
Mr. S^-cncer's report of
—
sought to conceal anything.
But during the years of the $1,020,000 of Valley Riilroad stock has been reduced
oti'pany's prosperity, these annual statements had
into a stereotyped
facts
grown
form which necetssrily omitted many
and much information.
Now
that
those
days are
passed and another condition of affairs exists, different
treatment was needful; and the
cer,
new
president, Mr. Spen-
shows himself equal to the occasion
— he has taken the
security holder into bis confidence, letting
whole outlook.
After reading such a
him know
full
exhibit
the company's affairs, one will bs surprised to find
situation so
By
the
of
the
to the merely nominal
where
of $1,000.
Altogether $22,-
$4,354,237, being a reduction of over 9 million dollars;
four million dollars hare been allowed for depreciation
7f millions of advances to branch and
subordinate companies are wholly taken out; while various
of equipment;
other items of uncollectible debts, discounts,
losses,
&&,
are omitted, bringing the total of debits aguost profit
much more promising than rumor had made it. and
referring to a subsequent pirt of this issue,
sum
326,802 of securities which cost the company $13,481,286
have been p'aced on the books at a valuation of only
loss in tbis
way up
to the large
sun
of $34,763,753
In brief, the surplus has been reduced about 25 million
dollars.
The management take pains to say that " by the
^
number of pages are taken up with the report,
some idea can be had of the comprehensive character of " reduction of the valuation of the investments, no actOAl
the statement.
But we give it by no means in full. .' change as to the amounts so invested is made, but only
Parts are necessarily omitted, including some interesting " a restatement of the present value thereof as near is it
a
THE CHRO.VICLE.
612
"can be ascertained upja careful iavasti^^atton," and that
the reductions " need not be regarded as parmanent, as
"future developments may, and probab'y wil', render
"acme
them
of
however, for
interest-bearing."
after allowing,
reduction of 25 million dollars, a surplus
this
of $23,812,605
Eyen
still
nsw
through
exhibit of the surplus has an
of
Baltimore
the
&
XLVIL
Ohio on competitive
be strong.
traffic will
There
report,
or loss
is a very interesting statement in the present
comprised in Table B, which shows the profit
on each division of the system in the late year, after
allowing for
remains.
It is evident that the
the position
[Vol.
all
charges.
It
appears that with the excep-
Main Stem and the Wheeling & Pittsburg and
"Washington branches, they were all operated at a loss.
But this is an exceptional state of things. We have taken
tion of the
meaning and signification from that of
the old. The old surplus showed the balance of income,
earnings, profit, &c., put into and invested in the property. the trouble to go back a few years, and find that barring
The new surplus represents what might be ciUed the the Philadelphia Division, which is new, all the various
present worth of the old surplus. The result arrived at is divisions but one have at one time or another within the
oteworthy^nd impDrtant. After allowing in the most last six years shown a profit to the Baltimore & Ohio.
rigid fashion for shrinkage in the value of securities, for That is certainly important as bearing upon future possidepreciation of equipment, for bad debts and uncollectible bilities, for if such a result could be achieved before, why
advances, it is found that the cost of road with the invest- not again, provided of course an improvement in general
ments is $23,812,605 in ercess of the total of stock, debts, railroad conditions occurs? In one respect, a slight change
and liabilities of every kind and shape. A properly that for the better took place in the late year; in that year
can make such a showing as this may be enveloped in there was not a single division which failed to earn its
operating espsrses, whereas there bad been at least two
diflttculties for the time baing, but possesses elements of
strength which must surely lift it to a more prosperous in the previous year.
But as regards the immediate future, the feature of
basis again, and as soon as these temporary difficulties are
most moment is the fact that leaving out the Pittsburg
thrown off.
But what of the present position and earning? of the Division, the parts of the system which did poorest in the
road ? The company during the year was able to sell 7^ late year were the Central Ohio and the Lake Erie, both
millions of the new consolidated bonds, and as a result in a section of country where the traffic conditions were
the item of loans and bills payable has been reduced particularly unfavorable. The Central Ohio has lost in
over
million
dollars,
bssides
which about 3 both gross and net, the net being only $284,187 in 1887-8,
5^
millions
was spent on capital
account
for
new against $530,368 in 1886-7. On the L^ke Erie the net is
construction,
equipment,
real
estate,
&c.
The $198,906, against $291,864 in tfce previous year, and
It is well known that the
total
of loans and
bills
payable now stands at $309,711 the year before.
territory
within
which
lines
these
lie, suffered a reduced
$3,478,210, and this comprises the whole of the floating
debt aside from the ordinary current liabilities, which are yield of wheat and corn last season, and a failure of the
oSset by the ordinary current assets. The company may wheat crop the present season, thus furnishing a succession
therefore be said to be in easy condition, financially.
This of adverse influences which have left their mark upon
railroad traffic and income.
But the yield of corn this
is especially true if we bear in mind that it has some large
amounts of available securities, such as the $3 000,000 of year is unusually large and fine, and the crop will now
"Western Union Telegraph stock, $1,000,000 of United begin to move, thus promising a heavier traffic from that
States Express stock, &c.
In reference to the company's source. If the result as to corn should be followed next
revenues, the year ending S^ptemVr 30, 1888, did not season by a large yield of wheat, as according to the law
quite equal expectations, and yet there is a ba'ance of of averages would seem not improbable, the effect in
$508,^18 above all charges and the dividends on the first Improving earnings on the various divisions west of the
and second preferred stocks, so that after applying Ohio in the current fiscal year might be very striking.
$384,487 JD reduction of the principal of various issues of Finally, it must always be borne in mind that the Baltibonds, a surplus of $124,431 remains. The charges for more & Ohio never having watered its capital, the stock
interest, rentals, taxes, &c., were $6,216,553, and though is very small, (less than 15 million dollars); hence only
of course the amount will vary more or less from year to a comparatively slight improvement on one or two branches
year, according to the fluctuations in the items subject to would yield very satisfactory dividends.
Of course,
entirely different
change, it may be taken as substantially the total of
current annual charges at the present time.
As against
these charges of 6;^^ million dollars, the earnings in the
late year
the total
were $20,353,491 gross and $6,152,930
net income was $7,055,472.
It is not easy to
make
net,
return, and
accounts in part for
this
The Philadelphia
of about
is
1
getting as yet no
this division
line to
New
In spite of
much new
the gross earnings
whole have
the year
preceding.
railroad construction in
of the
roads of that
France,
country
as
a
failed to increase, while the earnings per mile
have diminished 27 per cent in six years.
figures are as follows
The
official
:
Kilometres In operaf'n,
( Aver ag ifor year.)
Oross earn'i.
(Francs.)
33,089
1,061,000,000
was decidedly
Full results from
1881
24,249
1,110,000,000
1882
25,576
1,138,000,000
1883
26,693
1,126,000,000
1884
28,732
1,098,000,000
1885
1886
29.839
1,058,000,000
30,696
1,036,000,000
The
elfoct
ought
to
be very beneficial not only on the Philadelphia division
but on all the other parts of the system forming links in
but does not by any means reach the
the through route, for with
previous years.
its
and defer
1880
can not be looked for so long as the through
York is not complettd. This difficulty, it is
expected, will shortly be overcome.
trunk-
the
net revenue
little
terminus on Siaten Island
r
I
its late difficulties.
derived, though the result in the late year
better than in
among
operate adversely
hopes.
division alone represents an investment
6 million dollars, from which
likely to
THE RAILROAD DEVELOPMENT OF FRANCE.
with fairly good conditions prevailing and under the
present intelligent and energetic management, an early
improvement can be anticipated. The company has spent
it is
would be
and
calculations as to the future, but
large amounts of money, on which
however, a prolonged disagreement
lines
I
The year 1887 shows a
slight
improvement over 1886,
traffic
standard of
NOVKHBKR
THE CHRONICLK.
24, 1888.]
would oaturally be supposed from tbese figoret that
But such is not
the FroDch railroads were unprosperous.
Dividends on French railroad stocks average
the oaAO.
higher than on those of any other large countrj in the
It
of
new
613
railroad ai epeedUy at poiaible
;
bnt the project
was never Byttematically carried ont. The fall of tb«
ministry hampered ila execution. Some lioee were eoa*
structed from year to year, but they were soatterod
In one sense the reduction in
French railroad through different parts of the country, so that there we«
due to the commercial crisis through no profit to be obtained from their operation, and thoj
which that country has passed. But the French railroad were, provisionally at least, given over to the companies
stockholders tave suHered but little.
The crisis has in whose district they lay. After three years the comnot been attended with a reduction in rates, such as mercial reaction which began to set in so strongly in
we should have had in America. Kates were well main- Franca rendered the burden of expend Itnre and crediU
tained; too well, in fact, for the good of general business. for railroad construction almoit intolerable.
Afier maeh
The roads were in such a position of monopoly that they discussion the attempt to build these lines by direct State
were able to do this.
action was abandoned and contracts were made with the
If we look back over the history of France for a gener- companies for their construction.
But even this modifled
ation past, we shall find that rates have been mesrly system left a burden on the finances of the countrj
They were less than 1} cents per ton mile in almost too heavy to be borne. For three years sums ol
stationary.
185,'j
they were over IJ cents per ton-mile in 1885. But 191,000,000 francs were voted by the Chambers to
with the changed conditions of transportation in the assist in the result, but in 1887 the proportion fell to
world.
earnings per mile
is
;
world 88 a whole, a rate of 1^ cents per ton-mile bears
to day than 1 f
more heavily upon competitive business
182,000,000 francs and in
1888 to 145,000,000.
a change takes place for the
Unleu
better, this last reduction
also higher from the rail- would involve a postponement of the completion of the
Improved methods have so system, as surveyed in 1879, until the year 1908.
cheapened the cost of service that any well-managed sysFor this slow and unsatisfactory development the
Government itself is largely to blame. It has forced
tem can make far greater reductions than this.
But the monopoly enjoyed by the French railroad com- upon the French companies a system of ^expensive conpanies has prevented such reductions in rates.
It has stmclioo, whereby roads in poor districts cost almost
produced the evils which we suggested as possible in our as much as in rich ones, the capitalization of the new
article on trusts a few months ago.
It has caused the lines being estimated at something like $100,000 a milew
retention of antiquated methods
or, if new processes These lines have been located with reference to political
The result ia
were introduced, they have been treated as a mere eSect rather than commercial principles.
means of saving money, and not as a means of developing that during the period while the new system is in procasa
There has been no outside of construction, the country has to bear the financial burtrafBc by reductions in rates.
den of a number of disconnected lines without having the
such
reduction.
pressure or incentive to
For thirty years the French railroads have been mainly good results which will probably come when those lines are
in the hands of six great companies, each one of which completely built. In the hurry to do something for everyhas been fairly secure against interference in its own dis. body they have done nothing substantial for anybody. If
cents a generation ago.
road
It
is
man's point of view.
;
Over the work
trict.
of these
companies the Government
has exercised a most strict control.
It has built
part of
the lines itself and has given crude directions for the con-
All the methods used have beeo
struction of the rest.
subject to the approval of a trained
body
of
the completion of the system
is
postponed tweoty yean,
to be
the weight of these burdens will be
A
still
more severely felt.
House of
recent commission appointed by the French
Deputies has brought in a report urging the adoption of
Government narrow gauge
lines,
because the original cost will be lo
This proposal has met with some approval.
engineers. But this control was almost confined to matters much less.
immediate construction of narrow gauge
b:tween
the
As
of engineering and operation, as distinct from commercial
Until recent years there has been
ones.
little legislation
attempted with regard to rates; and what has lately been
done in this respect is neither radical nor comprehensive.
As
a result of
all
this,
railroad
management
in
France
has been less enterprising than in most other countries.
<Fhe companies were not forced to reduce rates, either by
lines
and the
ones there
is
indefinite
much
postponement of standard gauge
to be said in favor of the former, par-
France still remain so high.
But the experience of other countries with extensive systems of narrow gauge railroad makes such a resort a desticularly as freight rates^ in
perate one.
If it is the best solution of the difficulty in
the stimulus of competition or by direct Government action.
Nor were they forced by commercial pressure to build
which France now finds herself, it will servd as a most
pointed condemnation of the whole French system of rail-
branches for the development of the country. Under a
system like our own each railroad is compelled to extend
road regulation.
its Lines as a
t«r&
means
of securing its traffic against competi-
A branch line may not be directly profitable,
ensures trafSc to the main line
but
it
which might otherwise go
in
Freed from the fear of competition the
French railroads have not felt this necessity for a new
construction.
The Government has been forced to make
arrangements for the building of new lines by a series of
contracts and guarantees, in which the companies almost
other directions.
always ensured a considerable profit to themselves.
In
1879 a change of system was attempted.
M. de
Freycinet was a strong advocate of State railroad ownership and management.
Under
influence
his
and that of
Gambetta, the Government bought some lines which had
previously been in the
made
hands of
local
plans for the construction of
companies, and
many new
ones.
It
was M. Freycinet's mtention to build some 11,000 miles
[From onr own oorreapondent.]
LosDOS, Saturday, Nov. 10, 1888.
Gold amounting to £649,000 was withdrawn from the Bank
England on Wednesday for shipment to Buenos AyTe%
the previous Thursday £440,000 had been taken for the
same destination. In the week covered by the last-issued
return of the Bank of England the total withdraws for
South America was therefore £1,089,000. Some gold on the
other hand waa sent into the Book, reducing the not loss of
the week to £877,000. The general expectation is that shipments to the River Plate countriee will continue. It is eeti>
mated by thoee in a position to know that there are at
preeent about (our millions sterling standing in Europe to the
credit of those who have lately brought out Argentine f
of
On
A
considerable portion of this
of one kind or another.
will be needed for the payment of interest and the ptirchaae
of materials, but a balance will remain, which ov\ be shipped
in specie if it is desired to do so. There are also fean that
THE CHRONICLE.
614
[Vol. XLrVir.
withdrawals may take place for Russia and possibly for Ger appoiniments all contributed to check business upon the
many. The failuie of a banker in St. Petersburg, who carried Stock Exchange and to discourage operators.
The report of the commission appointed to inquire into the
on a large businets, is reported this week. So little is known
in London of St. Petersburg affairs that it is not very we'l causes of the changes in the relative values of gold and
understood whether this indicates the existence of widt- silver, and to recommend remedies, has at last been
greatly
disappointed
those
epiead financial difficulties in the Russian capital. We judge published, and has
who
in
the
of such matters here chiefly by the impression which they are interested in silver securiti- s and
trade
make upon the Berlin Bourse and the Berlin money market. with silver-using countries. In reality, however, there was
The failure referred to caused a considerable fall in the Rus- never reason for expecting more than has happened. The
sian rouble and in Russian bonds in Berlin. It is said that commission was equally composed of mono-metalists and bithe St. Pettrsburg banker had speculated very largely tlirough metalists, and there was never any chance that the two
a Berlin banker in thtse securities, and that his failure caused parties could agree upon a report. Tt>e bi-metalists, of course,
the closing of his account. It is inferred from the sen- ation recommend tt.e adoption of bi-metalism and equally, of
made that those best informed in Berlin are apprehensive as course, the mono-metalists report against its adoption. The
to what may follow in St. Petersburg. But it must be recol- commission recommends the repeal of the duty upon silver
lected that there has been a ? ild speculation in Berlin for plate, negotiations with othir countries with a view to
some years past, and it is possible that the sensation may be the larger c. inage of silver ai.d the issue of notes in the
United Kingdom against silver. It will be recollected that
due largely to this fact.
In any event, it seems cer.ain that more gold will be the Barjk of England was ready a few years ago to issue notes
shipped to Buenos Ayres, and it is not improbable that s me on the eecurity of silver and that concession was not considmay be sei.t to Berlin and St. Petersburg. Yet the London ered enough by either the United States or Germany. There
money market, with all this before U, has hardly been affected does not appear then much chance th-it it would be thought
by the large shipments this week.
The Bank of England re- enough now. Even in explaining admitted facts the commis"
serve is actually under eleven milli- ns sterl ng. Tbis is nni
versaUy recognized to be an inadequate reserve. For all that
the rate of discount in the open market is no higher than 3 per
cent, that is to say, remains 2 per cent lower than the oflfiicial
minimum of the Bank of England. The explanation of the
curious apathy of the money market is that the great capitalists in London and upon the Continent are doing their utmost
to keep money easy in prepa- ation for the vast issues which are
to be brought out in the near future. Moreover, the Bank of
England now holds a very much larger amount of consols
than it usually does. Compared with ihis time last year, the
excess is about four-and-a-half millions sterling. The co sequence of this inci eased investment in consols is that the
Bank holds less money than usual, and the outside market is
exceptionally well supplied about three millions sterling more
than at this lime last year. The Bank of England, it wUl be
seen, has it in its power to raise the rates of interest and discount, but the directors hesitate to do so, apparently from fear
of causing consols to fall. The result is that the market is in
sion has not been able to agree. Both parties indeed concur in the opinion that silver has depreciated. But the
mono-metalists see no proof that gold has appreciated. They
attribute the fall in the pi ices of commodities to causes
affecting the commodities themselves.
Meantime the impr vement in trade continues. The Board
of Trade returns for October, which have been issued thig
week, are very satisfacte ry.
Compared with October of last
year the increase in the value of exports was 11}^ per cent,
while for the whole ten moi ths the rate of increase is under
7}^ pet cent. The value of the imports shows a greater in"
crease in October than in any other month of the year. Compared with October of last year the increase is as much as 14'6
per cent, while the increase for the whole ten months is, com
pared with the corresponding period of last year, only 6'3 per
cent. The improvemmt ia trade therefore appears to be
going on at an acceUrited rate and all o her statistics are in
tccordance with the Boar! of Trade returns.
an unsettled and fidgety state.
The large shipments of gold to South America have had a
much greater influence upon the stock markets than upon the
money market. On Monday and Tuesday there was a strong
inclination to operate more actively than of late, and prices
generally advanced. But the gold withdrawal of Wednes- ay
stopped the movement. As regards the n. arket for American
railroad securities there was an expectation, too, that as so n
as the elections were over a "boom"' would begin in New
York.
Operators within the Stock Exchange, therefore,
bought very largely ou Monday and Tuesday. These operators, though many of them are wealthy and all are largely
interested, yet have no independant source of information,
and follow blindly the lead of the New York Stock Exchange.
the
June
When New York
August
—
Import*.
there
is
Kebruary..^.
March
April
IVfty
June..
July
August
September...
October
The scare
£34,802,988
29,5a2,776
32,590,821
32,098,693
30,370,775
30,478,854
30,700,412
30,006,140
28,4U,372
35,022,135
10 months.... £313.635.766
January
February..
Mai oh
Apr.l
May
July
.September.
..
October
10 months...
of the imports
1887.
£31,047,422
28,513,994
32,794,930
31,149,925
27,921,321
27,555,217
28,958,156
29,699,020
27,191,594
30,550,307
-f
948,768
2,449,154
2.923.637
1,748,256
307. 120
1,222,778
4,471,828
£17,808,735
+ £774,936
+ 1,737,290
£195.125,048
£181,835,615
17,:^20,441
19,181,395
19,78-,299
19,833,830
18,736,201
.",865,419
54,681,144
5,340,977
49,757,423
ct.
-t-
£18,583,671
18,992,423
19,047,307
17.735,474
19,276,225
19,042,845
20,762,178
i;i, 187,759
19,603,660
20,893,506
19,002,083
16,411,662
16.497,836
Per
Difference.
4-£18,6Sl,949
17,2.55,133
for
+ £3,755,566 + 1210
3-50
+ 1,018,782
— 204,109
60
3 00
8-70
10«0
6 00
100
4-50
14-60
+
+
+
+
+
+
6-30
Per ct.
4 -SO
Mfference.
1010
•20
45,224
1,323,812
2,778,389
1,722.404
1,580,783
8-10
16-80
9-90
8-20
l,3H9,4tl0
710
230.170
2,157.305
11-50
-)-13,289,133
Exports of foreign and colonial produce
Ootober
lOmonths...
and exports
£294,9.^3,847
1887.
1888.
Exports.
110
+
7-40
+
+
9 80
9-99
:
+
+
524,442
4,923.721
The wheat market has been firm during the week at a
advance in pjj^es. The feeling for the moment is tjiat
prices are more likely to rise than to fall, although a large
rise is not anticipated. The fuller and more detailed inquiries
then a very strong under-
slight
tone.
prices in the
1888.
January
did not act as they expected, they lost courage, and for the last day cr two they have been selling.
Apart, however, from these operators within the Stock Exchange, there is a very confident feeling here that the good
crops in the United States and the better prospects of
trade must improve railroad property, and consequ. ntly
must bring about a higher fange of ptices. Beneath the
momentary discouragement
The following is a leaurae
month and ten months:
in Berlin referred to above naturally depressed
market for
foiveign government securities, espe- that have now been made all over the wheat-importing couaRussian bonds. Bui on Thursday Paris operators tries leave no doubt that the quantity needed will be very
bou^t Russian securiies very freely. The tone of the mar large—-perhaps 380(000,000 busheTb up to the end of the
ket quickly changed, and Russian -bonds as well as the Russian agricultural year. But it
is believed that the quantity can be
rouble went higher than they had stood before the scare.
obtained without a material advance. The imports, eBfier
large Russian koan is shortly to be brought out in Paris a,td cially from Russia, continue very large, and it is noteworthy
Berlin. The manageiuent of the matter is understood to be that the deliveries of English-grown wheat increased very
chiefly in Parisian hands, and it is to those interested in the much in the last two weeks of October.
For the two months
cially for
A
buying on Thursday is chiefly attributed.
on Thursday, on th? other hand, in diamond
shares, in which theie has been a large business done in Lontra,nsaction that the
There was a
fall
don for some months past. It was reported that serious damage had beea done Ua the Kimberley, a South African mine.
Later telegrams are to the effect that the damage is much
than was at first reported. But the combination of dit.-
less
I
of September and October there was a falling off of about 50
per cent compared with the cohresponding two montts of last
year in the delivei^fes of English grown wheat. But in the
last fortnight of October the deliveries almost equalled those
of the last fortnight of October last year. November having
set in wet has checked the deliveries, as a change in the
weather
is
unfavorable to threshing, but of course the supply
NoTBOBB 84.
only
is
Regarding
back.
lield
THE CHRONICLE.
1888.1
much
prices, tlierefore,
will
depend upon the weather. If, for example, the winter should
be very severe in the Black Sea, so as to interrupt navigation
for any length of tirae.there could hardly fail to be a rapid rise.
On the other hand, if the winter is mild and open, the
Russian supplies will come forward regularly and in large
quantities.
The followmg return shows the position of the Rank of
England, the Bank rate ot discount, the price of consols, &c.,
om pared with
the last three yeirs
1»0
1887.
1886.
£
S
JM
Olranlatlon
Pabllo deposit*
Other depositi
ee,480,43SJ 88.98S.S0a
8.140.783
3S.780.M<)
OoTemment
17,0M.9S6l 19,S00,BeKI
I4.8M.31B
38,101,699
14.3IB.3I0
19.816.113
(4.801.496
4.880,(11 B
S.»l,»40
84.897
34.691,870
3.888.910
Oilier uaurltles
19,734.1471 18.907.eW
IEI.4«e.lB4
BeearTe of notea and ootn.
Coin and bullion
Prop. aMet.1 to llabllltlei....
:0.98a.T8t| 19.368.132
19,611.088' 90.8»4,627
10.939.683
11.7T8,M3
30.016.987
30.718.918
47H
BMik rate
Oouola
Sp.
Clearlnff-Honse retarn
The
rates for
40B-16
4 P.O.
c.
101
103 11^.10
117.518,000 100.6«B.OOO
money have been
Op«n market
41M
8 P.O.
100 7-18
93.768.000
4 P.O.
101 3.16
09.OB9.0On
as follows
Mnaim
1
B
bullion
-
•1,867.747
0.408,384
7,4O.\I10
l!jlM,M7
a.8M!dT0
««.97a.8i:
i7^31,031
•8,73S.30S
•8,40O,»»7
1.
Cioixls
Qen'l luer'dlse..
•89,324.709 «10l,307.643 • 100,438.100 »1 13.997,717
451,103,T64| 282,088,7431 HOfliaiOJW 'JOTilaoIsi?
»«U.133.B»4
a statement of the export* (exoltuire of
•pocie) from the port of New York to forei^ port* for the
week ending Njv. 20. 1838, and from January 1 10 date:
BirOKTS FHOM WBW TORE.
The following
is
1883.
Por the week..
.
Prev. reported..
9»'»
-4 94«
4
The following
at the port of
since January
1887 and 1886.
shows the exports and imports of specie
for the week ending Not. 17, and
1888, and for the corresponding periods in
table
1,
The following shows the imports of
cereal produce into the
United Kingdom during the first ten weeks of the season
compared with previous seasons
:
IMPORTS.
1888.
1887.
1886.
1885.
Wlieat
owt, 14.221,532
9,903,524 10.857.932 12,009,600
Parley
3.711.205
3,105.338
.5,311,413
3.283.474
Oats
3,792.614
2,915.765
3,350,979
2.688.467
Peas
315,233
575,206
397,731
379,888
Beans
583,096
428.880
301,428
774,985
Indian com.
5.417.<i44
.•i.466,357
4,361,277
5,175,-I95
Flour
3.73r).3!»4
3,816,871
3.181.967
2.343 488
- Supplies available for consumption (exclusive of stocks on
Germany
West Indies..
8,000
1,000
Kexlou.
South America
AH other countries.
Total 1888..
Total 1887..
Total 1886..
•1.968
21,91)0
2,693304
890
1,036,867
1,365,053
42.865
247,140
8.487
260371
3,105,864
1.000
467,432
742,638
232,636
#6,000 $19,578,531
14,7601
6,683.338
•241.973
•5.858.568
283,975! 36.573.643
54,2921 37,469,6821 1,415.660 22.912307
Sxportt.
Imptrtt.
Great Britain
France
•17,450
11,000
Germany
•9.761.042
438.550
West Indies
Mexico
South America
690,030
1.032
1.603
65.,'.37
6'.'«,106
15^
46,405
$28,599:$11 ,603.842
2S9,6l4l
9.828.841
266,7791
8,921.063
•49.200
All other countries.
149
Total 1888..
Total 1887.
Total 1886..
— Atiouiinn
called to the advertisi
«d.
298.
3d.
30*. lOd.
31a.
l.i'
The daily closing quotations for securities, &o., at London
are reported by cable as follows for the week ending Nov. 23:
London.
Sat.
d.
percta.
Consols, new 2^
do
for account
IVoh rentes (in Paris)
U. 8. 4i«8of 1891.
43
fr. |3'3"05'
43 %
8315
56 >8
66 >4
27 "a
A St. PaiU....
common stock
Chlo. Mil.
nUnois Central
Pennsylvania
Tue*.
4318
961',
P6l»,g
109!\l,
130 13
48of 1907
Canadian Pacidc
B.
Philadelphia & Reading.
New York Central
Hon.
n
iigj*
5414
24^8
110%
1
Wed. ^Thurt.
43%
43>«
96*,B
Fri.
431,8
961 i,e 967,,
96%
96.'1?
96ia,« 96»,«
96i.>,8
83-27>a 88-20 83 07 15 83- 12%
109% 109\ 10979 109%
13078
ISO's 180%
130%
531^
5339
54
551s
65>«
6(38
65 U
64%
27»4
26»8
2638
27 <4
119
11808
119%
1199b
5.178
9379
54
53%
•UH
110=8
24%
110%
24%
110
24%
45,681
195.089
1,792347
m-nt
^^
issue.
A action Sales.—The following were sold
auction by Messrs. Adrian H. MuUer & Son
16 Irving National Bank
162%
10 Bank of .Vurth America. 130
100 Oswego.(;,Synicu»eR'yCo.l86
200 New Creek Co., com ... }« „
4 New Creek Co., prof .... }'"
1,600 Catf. ISiinch A I/d Co$1000
2,000 Breeoe
.Mln. Co.
25o.per share
600 Decatur Mining Co
$6
lOOBtaodard .Mining Co ....•15<i
."00 Hudson Tunnel Con. Co.$920
2,000 Anier. Anilmnny Co... .•15
10,000 Georgetown Kureka
Mining 10
910
8,000 Wood.slde MtnInK Co .. 95
1 .330 BUver CliflT Mining Co •58
at
Skari*.
200 Atlantic Mall
1
1
.
38 Nat. H'k of the Republic. 150%
10 Stuyvi-sant Safe Dep. Co. 80
recently
8. S.
Co....
$5
Cimsuiners' Ice Co
50
200('lllr,en's liisiiranoe Co... 116*4
7 Nat. Bank oC Commeroe .180>4
5 New York Coooert Co.
•SSpershars
(llmicod)
10 Ninth Avenue Bank
91
2Bt«ndanl Oa.vI,. Ccpref. 9X%
100 StandanI oil Trust
....175
50 KnlokerlM>ckor lee Co ... 99
26 Second Avenue RR. Co... 103
20 Hudson River Bank ....148>«
Btntte.
•5.000 Broo..lyn 6«. Perm.
Water Loan. 190'.M32%Alnt.
•10.000 Bessemer Cou. Icon
Co.. 1st 7b. 1898
30
•500
.Mntiial Fire In*. Co., Int.
o'rilHcate
149
Fire Ins. Co., scrip. 70
•lO.OOi) .\p'la«hieflls Lumber
Co.. of F.orlda. 6s. 1905.>100
• 183 Mut.
^aiibiug ami Iftuancial.
CITY OF COUIVCIL, BLtHFTS, IOWA,
SIX
PER
CETVT
IMPROVEMENT
BOIVDI.
10978
Issued for street Improvements.
ommerctal aart ^tscellaaeoa5ia.ea>b
Imports and Exports for the Week.—The imports of last
week, compared with those of the preceding week, show adi-crease in dry goods and an increase in gciierai merchandise.
The total imports were 18,490,997, against |7,133,422 the preceding week and $8, 6tW,401 two weeks previous. The exports
for the week ended Nov. 20 amounted to |8,4S0,945, against
week and
1.0U.74S
•1,673.176
l.B89.2M(
ot the Equitable
Mortgage Comrany, of this city, Boston and Philadelphia, in
this issue of the Invkstors' Sopplemrnt.
Thi< company not
only offers to invfsto;s choice farm morlgagts, but bas
also a bond department under the able management of Mr.
J. M. Oil Tough, who has bad many ears expt-rience in this
line.
A list of city e(curitiee for investors is presented in the
advertisement in the Supplement, with psrticulais of each
is
100 American KIre Inaur. Cu.l34
30 People's Fire losur. Co .. 80
Vl<aA*aK.*4t
•63.174
112,054
104.608
102.169
131,488
24.947
22..1fl8
24,726,724 22.549.549 21,492,272 23,653,167
1888.
1887.
1886.
1885.
week. 32s. 3d 3( ». .3d. 30». 8d. 3l8. Id
6.768,798
Knee Jan. I
Week.
llineeJan.l.
120 Nat. Broadway Bank
275
115 Hoobsn. Nat. D'k. 180%-181
96 Merch. Kxch. Nat. Dank. 120
1887.
9.903,254
3,816,874
8.829.421
Aver, price wheal
Aver, price wheat ....season. 33b.
Silver, per o«
Mn««/an.I.
6,323.969,
Share*.
Bales of home-(?rown.
two weeks previous. The
following are the imports at New York for the weekending (for dry goods) Nov. 1.5 and for the week ending (for
16,081,907 last
Week.
•6,913,728
1886.
1895.
10,857.932 12,009,600
3,181.967 2.343.486
7.432.373 9.300,081
1888.
ff
Imporlt.
SineeJan.l.
Great Britain.
France
1):
Import8ofwheat.cwt. 14.221. .532
Imports of Hour
3,736,304
Erie
HBW TOKK.
Ezportt.
OoM.
Week.
for India, there has been no demand for
week, and arrivals have mostly been sent to the Bank.
been purchased and JS649.000 sold, the latter for South
America. AnivaU -£15.1100 from the Capo. Shipmrnts— To River
Plate. JS440.i'OO on the 3(i lust., ami to [iidln. *-20,000.
Silver— With the beeinnliiK of the week an Improvement took place In
Indian Excli:nit-e, and transactions took place for India, the Mint order
oeini? for the moment completed.
The quotation tonlay is 43J«d.
£77.000 has arrived from Now York and «() 1,000 has Kono to India.
Mexican Dollars— A little busim ss was done iu Mexican dollars durlnpr
the week at 42ifid.. but the arrivals have been unimportant, only about
£40,000, per " Lafayette," having come to band.
«iU;CAiBII
3SS,»483n
New York
Gold— Beyond gome Inquiry
Total..
1888.
•a.480,94«
Silver.
(told OurinK the
*iri(!.()00 have
D.
1887.
«0.231.473
6.000,810
277.23 1,882{ 268,628,373
Total 46 weeks. »291.023.217 •283.463.353i<27«,719,189 •263.429,316
market
September
1886.
•3.688,429
283,333,788
Week.
Disc't H'se
Joint
Three
Four
Sir
Tfcree
Four
At 7 to 14
Six
Stock
Uonths Vanthj Months Monthi Months Months Banks. Coll. Days.
8?«'a3«!35<ia
Total
Sinre Jan.
Dry
1887.
•1,341,107
S,7d4,70S
Oen'l mer'illae..
fry
3«li
4wa5~
sir
94M 4 9tH 3(<
"
19 B
8>a» -'3«a4H S)KS4« 8Ma4H
9 »<-3>4
SH
" 16 B 3 a -|3«9 - SSiO - 8)«a4 3M04 S«94
8 8M-8X
8M
KOT. 3 B 3 ®-3 a- 3 a - 3i<«4 8M«4 8i4a4
Hi SJ<-3X
SK
"
9 S
3 «3M.1«« - 8«a -SM»4
3^34 s«<a4
3«
iH3H
Messrs. Pixley & Abell write as follows on the state of the
13
Dry Goods
ISSS.
KIPOBTS AOT) IMP0»T8 OF SPECIE AT
0«t.~B 5~ 457a4M 4M«4« 4««4« 4H(»6~ 4«»B
"
188a.
Trade BUU.
BilU.
feMfoalM
~
mw
far W*ik.
Interest alloioeit
rate*.
for (kponti
Bank
gimoral nicrchandisei Nov. 16; alto total* ilaM tht
of the first week In jiiauaqr
roaiiOK IMPOST* at
tomi.
Tbtal 46 weeks. •840,428.363 •386.34a.286'»113,B«9341
:
1888.
seoarltlei
615
Dated Amcust and September. IS8S1
Uenomlnatlon •.500 ami fLOOO.
In 2. 4. (i and M year.-).
Interest payalilu semi annually at the Natlo.ial PMk Bank. New York.
Total lud.'litetlness of the city, exclusive of UiU Issue. •147,400.
and due
ASHKSMKD VALUATION, .
ACTUAI^ VAI.(7ATION, OTer
POPCi.ATio:v,
•
-
.....
GRISWOLD
Sc
-
-
•4,643,540 00
•18,000,000 OO
S6,ooo 00
4;iLLETT,
BANK KRN,
|.5,.'>,i6.906
3
WALL arSBBT,
N. T.
THE CHROmCLR
616
"^ht ^^xihtvs' ^a^jettje.
DIVIDENDS!
The following dividends have recently been announced
Books
Jfer
W^en
Ifame of Company.
Cent.
Payable.
{Days
[Vot. XLVXl.
To-day the rates on actual business were as follows, viz. Bank60 days' steriing, 4 85@4 85i; demand, 4 884©4 88f,
Cables, 4 89J@4 89i.
Commercial bills were 4 88i. Continental bills were: Francs, 5
21J@5 21 J and 5 18i@5 18i;
reichsmarks, 95|and 95 J; guilders, 40@40J and
40J@40|.
The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day Savannah,
buying \ discount
selling \ discount@par; Charleston,
buying ) discount; selling par; New Orleans, commercial,
:
ers'
Olosea,
inetusive.)
:
Railroads.
;
Boston & Albany (quar.)
CatawiBEa prpf
CBiicago <k Northwestern
do
do
pref.
Oin. Ind. 8t. Louis
&
2
3
(quar.)
Chic. (quar).
Kichmond & Petireburg
miscellaneous.
American Expresti Co
Dec.
Nov.
Dec.
Dec.
Dec.
Jan.
Jan.
31
19
24
24
Dec.
Nov.
1 to
1 to
to Dec. 25
1 to Dec. 25
2 to
Deo.
Dec.
Dec.
1
Dec.
9
to Jan.
—
•widely different interests in various parts of the country.
In the immediate future the prospect for substantial improvement must be based largely upon the hope that the railToad kings will come to early agreements, both in trunk-line
matters and as to Western and Southwestern rates. It is well
known that tonnage on the railroads is heavy and likely to
continue so, and all that is wanted is a fair rate on freights.
To-day it is reported quite positively from Boston that an
agreement has been made among the Southwestern roads, while
another week may see the trunk lines falling into ranks, and
the declaration of the Northwestern dividends to-day at regular rates gave a better tone to everything at the close.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 2 to 4 per cent,
and to-day the rates were 2@3 per cent. Prime commercial
paper is quoted at 4i@5 per cent.
The Bank of England weekly statement on Thursday showed
a loss in specie of £1,098,257, and the percentage of reserve
to liabilities was 39-93, against 38-40 last week; the discount
rate remains unchanged at 5 per cent.
The Bank of France
gained 2,000,000 francs in gold and 2,900,000 francs in silver.
The New York Clearing House banks in their statement of
November 17 showed an increase in surplus reserve of $34,200,
the total surplus being $11,591,800, against $11,557,600 the
previous week.
The following table shows the changes from the previous
neek and a comparison with the two preceding years in the
averages of the New York Clearing House banks
1888.
Tiiffr'nes ff'm
.Tor. 17.
Prev. Week.
1887.
Nil. 19.
1886.
Non 20.
Capital
60,762 700
Bnrplus
51,586 000
liOans and dlsc'ts. 39ii.990 BOO Dec. 9S3,300 352.168.700 341.833,500
~
Specie
87,293 ,500 Dec. 1 ,288,900
71,710,800 80,709.700
droalatlon
5,317, 900 Dec.
4,400
8,035,700
8.020.400
Sret deposits
414,550. 000 Dec. 352,800 353,774,000 354,840,800
I«gal fenders
27,935,,800 Inc. 1 ,234,900 24,220,700 17.932,000
lagal reserve
103,637 50O Dec.
88,200 88,443,500 88.711.700
BeBervebeld
115,229 300 Dec.
54,000 95,931,500 98,641,700
Bturolns reserve.
11.591,800llnc.
34,200
7,488,000
9,930,000
txcliange.— Sterling exchange has not been active, but the
market kas been very firm, especially for short bills and
cables, in consequence of the higher rates of discount in the
open market of London. The scarcity of commercial bills
has alto had some effect in keeping the exchange market firm.
feature was the shipment of over $4,000,000 gold, but the
present rates hardly permit of gold shipments at a profit, and
these were special transactions.
Rates have advanced and the
posted figures to-dav are 4 85i and 4 89.
A
discount; bank, par; St. Louis, 25c. discount
Chicago, par.
The rates of leading bankers are as follows
2
WAL,L. STREET, FRIDAY, November 23, 188S-3 P. m.
The Money Market and Financial Situation.— The most
notable event of the week has been the decline in the stock
market. The break in a few stocks particularly in New
York & New England has been severe, and the weakness
throughout the active list has been rather an unpleasant surprise to many who were counting on a strong market as soon
as the election excitement should be well out of the way.
In looking for the causes which have apparently led to this
decline in stocks, it is probable that the fact above mentioned
has had much to do with it, namely, that a good deal of stock
had been carried for some time in expectation of a rise soon
after the election, and when that rise did not come,
but on the contrary prices
declined and
the
outlook
also
became
less
favorable,
the
stocks
so
carried were thrown over, and the market fell off easily.
The trunk-line cut, coming from such an unexpected quarter
•8 New York Central, unquestionably started the movement,
and then the less active business in coal, the delay in coming
to any positive agreement by the Southwestern magnates, the
large decline in N. Y. & New England, and finally the
considerable export of gold this week and the reported strike
among trunk-line switchmen, all contributed to give a
decidedly weak tone to stocks. It is worthy of note that all
these events were on one side, and at the same time there was
nothing in particular to counteract them, which is rather
unusual in our railroad situation, covering as it does such
—
$125
Kovember 23.
Prime bankers' sterling
Prime commercial...
bills
on London.
Documentary commerolt^.........
„
Paris (francs)
Amsterdam
,
"
@ par;
Sixty Days.
Demand,
4 85 13
4 84 ®4 8414
4 89
83^«4 83%
21i4»5 20% 5 18i9»5 17>a
403is« 4014 40?H»407i«
95i4a> 95%
9578»96
4
5
(guilders)
Frankfort or Bremen (relcbmarks)
United States Bonds.— Government bonds have been
very dull at the Board, though prices have been strong. The
43 continue to advance, and the 4Js have improved a little.
The Government purchases have been somewhat larger than
last week, amounting to $1,209,750 for the week.
They have
been confined chiefly to the 4i8, though a small amount of 4s
was taken, having been offered at 125. The statement for this
week is as follows
Hi Per
Cent! due 1891.
Offering. Purch'es
Saturday
$213,000
100,000
311,000
70.800
582,350
182,100
. .
Monday
Taeaday....
Wedn'sday.
Thursday...
Friday
Total.
.
..
1,401.760
81nceAp.23.
The
This
Offerings.
157,000 108ki-108«
100.000
1075^1
311,000 108?i-109
70,800
109
582,850
109-109H
89,100
109-109V<
I8O.0OO
1,209,750 107«x-109H|
462,600
44,988,650
PrieespaiO.
89.2U0
2,200
80,000
60,400
80,000
80,000
106«-10»Hi
2,200
61,394,200
12s
1S4-70-1S0
closing prices at the N. Y. Board have been as follows
4>«8, 1891
4i«8, 1891
is, 1907
4b, 1907
6s, cur'cy,'95..
6s, cur'cy,'96..
6s, cur'cy,'97..
6s, cur'cy, '98..
6s, cur'cy, '99.,
*
4 Per Cents diu 1907.
Prices paid.
is
Interest
Not).
Nov.
Xov.
Nov.
Nov.
Nov.
Periods
17.
19.
20.
21.
22.
23.
19738 10738 'IO7IS 107% 107%|'107%
nosisi 'IO8J2 *108=8 108% 108% *108%
I28I3 128 igj 128 14*128
'i-.:778 128
•:27'8 '123
•12818; '12818' I28I4-I28
•121
121 >121
12113* 121
121
•124
'124
*124
124 12412*124
*127»s' 127I2' •127%! 127%' 127%|*127%
I
I
•130
•132%
>130
'1301a:
•13'J%I *133i4
1
130 12 1301a •128i«
133 >4l 133141*13314
the price bid at the moruius board : no sale was made.
State and Railroad Bonds.— State bonds have again gone
back into their usual condition of dulness, and the transactions of this week have been without feature.
Railroad bonds have been moderately active, and the general
tone of the market continues strong, with few changes of
Importance. The weakness of the stock market affects bonds
very little, and there is a regular demand for all first-class issues.
There have been few features of special importance, though an
advance in Milwaukee Lake Shore & Western convertible
bonds and in International & Great Northern coupon Gs may
be mentioned, as well as a considerable decline in Texas &
Pacific 2d incomes; the International & Great Northern seconds
advanced on notice that the September coupon would be
paid.
Railroad and Miscellaneons Stocks.— The market conweak and unsettled condition, and the tendency
was downward during most of the week. The cutting of
rates by the trunk lines ia still the most important feature,
and at the moment there seems to be no immediate prospect of
a settlement. Other unfavorable features have been the weakness and selling in the London market, the shipment of several
lots of gold, aid the decline of a few stocks under special
There has been no remarkable activity, but at
influences.
times certain stocks were sold down pretty freely and affected
the whole market temporarily. This was the case on Thursday
and this morning, when the grangers, trunk line stocks and
Union Pacific were all quite active and declining. The grangers
were especially weak at one time on rumors of a possible reduction in dividends on the Northwest and Omaha stocks.
New England has again been a leading stock and an unsettling influence to the whole list.
It declined steadily
all the week, and shows an extreme decline of 7 per cent.
There is, as usual, no explanation for this movement, and it may
come from sales of a large amount of the stock bought last
week, when it was the sustaining feature of the market, or it
may be that stock bought some time ago for control has been
tinued in a
sold out again.
To-day, Friday, stocks were all very weak in the morning,
but turned and recovered sharply in the afternoon, when the
Northwest dividends had been declared at regular rates, and
Boston dispatches reported an agreement among the Southwestern roads.
NovtuuEU
THE (JURONICLE.
24, 1888.]
81'O0RS-PRICE8 AT M.T. STOCK EXCHANGE FOB
617
WEEK ENDING NOT.
03,
AND SINCE
HIQHB8T AHD LOWKST PBIOKB.
STOCKS
Active
UR.
Stock*.
Nov. l7.
Not. 10.
8»a
•8i«
S4
I'm'llUi.
iSiiiillioni
Central nf Nrw Jersey
Oentnil riulllc
rcorg. ocrl
1)0 l»t pief. rcorg. cort
Do 'JJ pivf. rcorg. oort.
Ohtcago Biirllngiun •& Quluoy.
Olilongo A East lUluols
Do
62''8
01
01
30 Hi
Chlcaeo UUwaukee & St Paul.
Do
prof.
& Nortli western
prof.
Chicago Rock Island A PaclHo.
Oldoago
Do
PllMliurg.
Do
prot.
OtUc ago Bt.FaulMin.ifcOiu..
Do
Wit
«l(i
prof
Ohio.
Clnclu. luil. St. Louis &
OlevelamlCol.Ctn.A [iKlluimp.
Ooluu.bus Hockliit; Val. ikTol
10>3
00
8««
94
IT"*
41% 42
Tuesday.
Nov. 20.
517, 62>4
OOig 91>4
•35
35%
•19
10%
17i»
& G». R'y.
Istpref.
2d prof..
EransTllle A Terre Haute
City
Denver
Fort Worth A
Oreen Bay WiiiouaA St. Paul.
2(i%
Ind. Bloom.
•9'4
•72
•23
•86
*2l
•714
116
Uliuols (Jentral
A Weat
Klng8ton<k resubroke
Jjake £rle & Western
pref
Do
Lake Shore A Mich. Sonthern.
iGH
26
OHi
731a
24
80
SI4
IIU
•16
•28 la
22
8
S
•23
•86
Do
•7
141a
pref
Missouri KanB.^8
Missouri Paclflo
MobUeA
92
pref
Louia
& Texas
IS'a
7779
*9ia
Ohio
•16
17
•43 19 46
9>4 10
73 U 73
2278 23
•85
87
Hortheru Paclflo
Do
pref
48
141s
I4i«
78=8
10
83
61s
'9
46%
15% •15
914
85
Sl'a
"53'8
61s
15
13%
78
lOia
81
103%
18%
73
41
27
'901.2
*6ia
I7I3
50I3
50
•26
59%
22'8
29'8
241a
48''8
47^8
2T'a
285b
80% 8018
89'8
90
26% •26
67
671a
2278
301a
251a
27
601a
22^8
30%
241a
48^8
64%
•90
57
107
15
35% 39%
136% 137%
•10
4414
8%
72
22
•85
44%
9%
72
22 Is
87
98% 99%
•92
5414
93 la
5618
42
931s 931s
841s 85%
5413
53
84I3
541a
921s
8
1379
91
•6
•13
13
761a
91
a
15
131a
78%
8
8
82
82
10818 1081a IO719 108
13% 18% '13
18%
•70
73
701a 72
•40
•40
41
41
26% 27
26% 26%
62
61
4379
46%
919
•321a
3314
621a
4719
151a
9 '4
32% 32%
16% 17
491a
504
15
161s
61
15%
9%
16%
47% 49%
25%
59%
22%
29%
25%
60%
22%
30%
•24
48
2779
25
24
48%
28%
4714
251a 26
587g 6OI4
2114 2278
2919 3O14
24
48I3
27 14 28 14
80
Do
pref.
80%
80% 80% 8078 80
90
90
Bome WatertownifeOzdenab'g;
897e
27I3
27
26
26
26%
27
8t. Louis iSc San Erauolaco
66I4
67
6719
67
pref.
67%
Do
66%
14
Do
114
111 114
112 114
112 112
Istpref. 111
•36I9 38
BtPaulife Duluth
36% 36%
38
38
•301a 371s
•96
Do
pref
98
08
08
98
98
104 13 103 1041a 10218 103
Bt. Paul Mlnneap. & Manitoba. 103 "a 1041a 103
23ia 23%
Texas & Pacllic
22% 23% 2278 23% 22% 2314
Texas & PaclHo Land Trust..
221s
Union Pacltlo
O414
64% 64 »s 63 >s 64% 63% 64 >a 63
Wabash 8t.L.iPaclHc
13% 13% I314 1312 I3I4 I314
•131s 14^8
•26
2578
Do
26
26
25
pref
27
26
26
«0i4
Wheeling & Lake Erie, prof..
60% 601a 60 >8 59
60^ 60% 60
iniscellaiieona Stocks.
Colorado Coal iScIron
Consolidated Gas Co
81%
Delaware & Hudson Canal
Oregon ImproyementCo
811a
IWg
29 14
33% 33%
811a 81%
32% 33%
82
•1013
82
8214
42
9479
6278
147% 147% 145
American
UnltedSUtes
Wells, Fargo A Co
111
114
75%
74
137
145
Inactive Stocks.
& Cable Co
Atchison Top. *S.antaFe
Cincinnati Wash. & Baltimore.
8i'4
64>4
pref.
•31a
American Tel.
Do
•2
'4
& Charleston
57
Morn,s A Essex
N. Y. Niw rtavcn A Hartford. 235"
Memphis
Ohio Indiana A Western
Oregon Sliort Line
Pitts. Ft.
Wayne AChio
Quicksilver Alining Co
Do.
prof.
_,
Rich. A Allegh'y, Drexel roc.
Bt. Louis Ark. A Texas
C lumbua A Hooking Coal
Tcunesace Coal
Do
A Iron
pref...
y artons Stocks, ice. (Vol
Amer. Cotton Oil Truat
Pipe Line
'
C.>rrltlcatea
:
....
am
64%
2%
414
57
•111
72
137
145
114
74
145
81% 82
63% 64%
'214
4
56
145
234
2%
4
58
145
82
82
3
136
83
8214
3218
235'
74
145
83
63%
64I4
•214
•31a
2%
62% 64
•214
2%
414
•31s
4«4
431a
847g
56I4
851s
5519
8378
181s
42
41%
417,
9479
631s
1031a
9419
617g
94%
101%
IO8I9HOI4
5678|
5314
5OI4
9579
84 M
86%
544 96
85% STa
These are the prices bid and asked; no aale was made at tUe Board.
t
nwikML
7%
Apr.
52 '1 Nov.
2:1!
I'.'-i
Apr.
2;
I
Oil
2)l|
1,7112:,M
37%Jal7 aO
17
1.340
HD't
7,230
9,3 '4
in\jsi|.
!•
(12'4J»«.
.171, <JS.
2| 01% Oct.
f
3
227, Oct.
20% Oct.
t
.
1
t
20 21>4Uet. 1
.23 130% Jan. rr
lo
5.1(1 ),
82.'
,
1.017
03I4 169,328
4,119
103
321a
•73
140
83
119
701a
104
91
38%
32% 32%
80% 81%
118% 110
68% 68%
101
80
172
837g
148
73
140
104
90% 91
36% 37%
80
170% 171%
82
83%
145
111
147
137
144
73% 73%
83
62% 62%
-2% 2%
•3% 4%
61% 63%
•2%
3
•3
4
235
14
339
14
145
is ted.)
55
ISifl
18
81% 82
235 Is 233 19 235
2341s '2311a 235
19
151a 151a
151a 151a
151s I5I3
4II4 4II4
411a 4219 4179 4179
'148
148
150
148
*148
150
150
148 150
7
7% •6% 8I4 •6I9 8>« •6
7
61s
•35
•37
36
3619 •39
38
331a
371a •36
1419 141s •13
•14
14
14
15
19
161s
•7
7I3
•714
8
21% 22
22
2178 217g 31% 23
21% 21% 34I4
35% 34
35 14 3579 34% 35% 34% 35
•94
95 14 •05
96
05
95
94
94% 95
•421a
18%
II
40 Mar. 10 41%0ar k
8g%Har. 2 09 Oet. i
eo%Bept. 15 78 Feb. SA
03% June I'J 1 17 Apr. §7
102%
07,39.>
1:13
Apr.
Apr.
100%July
1,921
I
100
11% .Inly
20% .Mar.
110
3 146
Bept. «
Sept. 39
5;I14%Jaa. 37
2.1' I7%8«pt.>i
31
41
1
Hept.
.TJijApr.
10,17.1
n
9,361 100
1
U
I
145
147% 117% 145 149
111% 111% 112% 112% 112
711a 73
137 143
181s
Lewast
Uva*.
I,
2 42% Sept. 38
June 13 110% May 1
744 i]-,'i Apr. 2 93 Oct 33
850[ 42i3Apr. 2 65 Oct.
I
25
25
820 17 Mnr. 31 36% Sept.
24% 24%
13618 137
139 1367e 87,634 123% Apr. 3 145% Ool 1
•16
•1919 17
17
19 July 2 23 Jan. •
44I4
44
900 44 Mar. 24 99% Oct. 1
44% 44%
379
9
8% 8% 1,730 8% Mar. 22 11% Oct. S
71
71
732 55 Mar. 22 83 Oct. 3S
70
70
211a 22
21
21% 2,096 17% Apr. 2 27% Oct S
'85
•89
88
84 Mar. 22 90% Sept. 11
87%
200 20 Nov. 23 46% Jan. 8
20
20
714
714
085
7 Oct. 30 12 July 35
7% 7%
11914116
747 114 Mar. 5 123% Aug. 8
11514115%
•13
15
15
135
9% Mar. 23 19% Sept. 12
15
2714 28>4
920' 27% Nov. 22 37% May 1
*16ia 1714
900: 12% Mar. 22 19% Sept 39
16% 16%
50
90% 49
3.925 40% Apr. 2 997« Oct. 1
91
98% 99>4 0814 99% 107,922 85% Apr. 2 10i7g Oct. I
•92
92
92
262j 87% Apr. 2 95 June as
93%
54 14 55
31,239 90% Apr. 3 &i%Jan. 9
53% 95
•38
1051 30
40
Apr. 18 49 Oct. 12
38
38
91 14 93
931a 931s
1,605{ 77% June 12 98% Sept. 11
84
841a
83% 85% 2,670 72 Apr. 2 92% Oct. 1
93
650 48% June 18 80 Jan. 10
531s •62
54
90
90
860 83 Mar. 27 104% Jan. 5
89% 89%
-5
•5% 8
20
379 Mar. 38
97«Apr. 30
8
>
100
0%July 6 18% Apr. 30
151a •12
15
13% 13% 13
13% 5,210 10 June 11 18% Jan. 5
37,270 67% June 12 89% Jan. 3
76% 771a 75% 78
•9
•9
9
10
6% Mar. 29 13% Jan. 37
10
•80
84
Apr. 2 89% Sept. 4
2,100| 71
81
81
IO719 IO714 107 107%
6,034 102% Aiir. 2 111 Sept. 38
- "
"
50.i;
1713 171a
20% Oct.
28
12% >l.far. 31 '—
17% 17%
•69
•69
72
;0 61% July 6 7579 Oct. IS
72
•39
41
•39
23 Mar. 31 45 Oct. 34
41
24,'iOO, 22% Mar. 9 30% Oct
1
25% 26I4 23
26
61
61
60
61% 1,500 52% June 13 67% Oct 1
43 14 44% 41% 43% 13 1, .195 29% Mar. 22 53% Oct 5
I5I3 I5I3 •15
205 14 June 13 19 Sept 12
15%
8% 8%
8% 8% 1,247 7% Mar. 23 11% Sept 13
Apr. 2 37% Sept 29
32% 32% 31% 32% 2.240 26 Api
1,760, 15% ilar. 24 3314 Sept 13
16
16 >4
15% 16
47% 48 14 47
48% 9,66^t! 41% Mar. 31 58% Sept 19
2514 2314
24
25% 3.340 1979 Apr. 3 29%Si-pt 11
581a 59
57% 5379 39.U14i 42% Mar. 31 64 Sept. 11
2,325i 17% Mar. 27 36% Sept. 11
2178 2179
2078 2179
28% 29% 28
29% 33,723 17% Apr. 2 32 Oct 1
720i 15% Apr. 2 28% Oct
1
23% 2379 2314 23%
47
47% 46% 4779 213,890 46% Nov. 23 9479 Sept S
26I4 27%
Oct
89,6251
Apr.
2
29%
34
19
35% 26%
2,98o; 55
Jan. 6 86% Oct 24
781a 79%
79% 80
10 82% Feb. 13 94% July 3S
90
90
•25
1,.520 24
Mar. 27 36% Jan. 5
26
26
24
66 14 64
S
3,030l 63
Apr. 2 74% Oct
66
6578
111 111
140105% Apr. 3 1167, July 19
110 110
14i
Aug.
«
3714
35>4Nov.
64%
•36%
803;
38
361a
935 80 Mar. 2u|l05 Jan. 28
96% 97
08
08
2|114%Jan.
23
Apr.
1,463
94
101191021a 101% 102
22% 22% 21% 22% 17,613 1878 June 6 26% Sept 8
July 7 25% Aug 3
62
63 >4 60% 62% 106,010 48 Apr. 2 66% Oct 19
Mliir. 27 16 Jan. 8
720
13
13
12
13% 13%
2418 25
24
24% 2,400; 21 Mar. 24 30 Mar 1
Jan.
3 OH Oct S
5379 59%
38% 59% 2,520 44%
.
Express Stocks.
88% 00
33% 84%
140 I4II9
105 >s 100 Is 109 106
15
•12% 10
•121a
118%
118^8
1191s 12014 1191s 119% 119 119
•68
•70
70
70
71
70
71
72
71
'102
Do
105
102
105 103 104
103 105
pref. 102
Oregon Railway & Nav. Co.
02
92% 91
93
021s 92%
921s 92I3 92
Paolflc.Mail
38'8 38'8
37% 3SI9 371s 38 "4 37 1« 38% 37%
•74
Philadelphia Co., Nat. Gaa.... •74
•74
75
75
...
....
Pullman Palace Car Co
170 1711a 172 172% 172 1721a 172
1681s 170
Western Union Telegraph
84% 83% 84% 83%
84% 841s 83'8 84% 84
Adams
7I9
7%
9214 &214
907e 52 '4
S6is '35
36% •34% 38%
3719
33% 34%
341a 36 >4
10414 lOOis 102>s 100 10179
01
01
031s
89% 91
•50
56
57
99% 96
94%
10
82
82
18%
19% 19%
102 >4
1031a 109
11014 10379 109%
1421s 140 1411a
42
'91a
•878
17 13
03
341s
Nov,
>ov!a3.
ISSIL
1,
Banc«ataMJML
OttiM
Vttk.
100% 103 la 108% 107% 108%
45
76% 78%
15
18
561a
15
45%
32%
171s
714
7»s
1161a 1161a
•15
161s
3OI4 •2814 3014
17% •17
171a
517,
51
51
•13
131a
15%
32I2
50% 50%
26%
60% 60%
94
4814
331a
•26I4
95%
•40
54% 54%
•14
131a
76»8
17%
50
96
9113 911a
8
8978
341a
I8I9
35
19
17
117
51
0878 99%
•92
931a
9z
90>a
91 >4
901s
8i4
51'a
991a
931a
48!>8
Ohio A Mia-slssljipl
22^9
Oregon &Trana-Continental..
3014
Peoria Decatur &, Evanaville. •24%
Phlla. AKead. Vot.TruaL Cert.
483ij
Btobniond&WestP'tTermlual 281a
•71s
5114
841a
7%
eo%
8
24
'
•28I4
.
'15
914
•33
•171a
03
53
28
17
851a
641a
171a
1037a
102%
28
17
57 18
•10
1421a 141
1071a 107
•1218
19
381a '36
37
361s
30
5^
7%
52>>«
7%
SO
DO
34
19
Thiind»r>
Nov. 22.
110% 109%
191s
Hashv.ChattanoogaiScSt. Louis •81
81
Hew York Central i Hudaou. 1081a 1081s 108
»18i4 18% •I8I4
Hew York Chic. & St. Loula.
•71
Do
Istpref. •71
73
•40
Do
2(lpret.. •40
41
26I3
2718
Hew York Lake Erie & Weafn 27
Do
pref.
621a 621a
Hew York & NewEnsland
Hew York Ontario A \Ve.at
Hew York Suaq. i Weatem...
Do
pref.
ItorfolkJc Western
Do
pref
10518
151a
99%
09
92
64%
136% 138
1151911714 116
851s
•52
<b St.
17
18
26
10
72
24
80
22
Michigan Central
Mil. Lake Shore Si Weat
Do
16
17
loag
171s
I718 171s
•51 la
•914
72
Long Island
LooisTille <& KashviUe
Lools. New Alb. & Chicago.
Hanbattan Elevated, oonsol..
Minneapolis
39 >a
Wadneadar.
Nor. 31.
•43
42
43
42^4
05 ig 9513 051s 03%
13758 136agl37%
08 14
92''e •92
5738 57%
55
•40
•40
45
94ia O4I3 •94
.
35
19
6338 8914
63»a
•100% 100>a 106 106
10518
11014 no's 109 Kg 110% 109%
•141 1421a 141
•141ifll43
'107 108
107ifll07ij 1071a
•12>« 15
•121a 15
•121a
•35
36 k| 30 14 •35
371a
•37% 38»« 371a 37ij 37
•105 1061s 10413 1051-j
*02ia 931s •02
•92
•56
56 931s
•50
D7
58
Delaware I>iii'kawiinna& West 137
Do
Do
9>t
94 Is
110% xlOOiallO
•41% 421a
06
90
Denver^ Klo U., assoaaui'tpd.
pret.
Do
Bast Tennessee Va.
•8
94
9178 d2«8
00»8 00»8
17
•17
171*
la's
110<fllI0>a llOig
x05!lt
pre(
81. Loiiis Si
&2\
•a.-i
C'hC8l^lK)ilkl^ it I).,
Chicago
Mondar,
*8
Atliuitlc Jc PiU'Klo
OuiiwUun
Uanada
BatanUr.
JAN.
233
19
38% 40%
148
148
150
8
•7
'35
•13
37
33
19
8%
22
34%
03
94% 99
85% 86%
Prloes trom both
8
15
21% 31%
33% 34%
•93
.53%
09
99
1.800
2.530I
30% Apr.
387a Feb. 17
68% Mar. 29 83% Sept 4
Jan. 3 120% Nov. 19
Mar. 29 77 Oct 6
:i01i4July 21107% Aux. 8
1,008 84% Apr. 2 97 May 2
6,215 23% Apr. 3 40% Oct 1
9.-)' 74
Nov. 15|106% Feb. 15
7,045 135% Apr. 3175 Sept. 90
58,3751 70% Apr. 31 86%Ool. S
6.105103
1,145, 45
1
238 137 Apr.'
37 106% .Mar.
700; 67 Jan.
23 128 Jan.
12 195
22 113
4
1
83 Nov. 31
»9%Feb. 90
Nov.
4% Jan. 9
17, Aug.
6%
- . Feb. 24
4 Nov.
100
1,006 47 July 27| 98% Oct
300 1.15 Jan. 8a4.'»%Bept. T
239 215 Jan. 4 235% Nov. 31
800, 14 Nov. 23, 17 Oct 1|
Nov. 12
3,100' 13% Mar. 261 46
45 148 Nov. 22 155 May X4
Jan. 12
13%
Nov.
191
6%
1.3001
Mar. 31 41 July 17
400, 33
Nov. 17
20
Nov.
l.->
700 1 1
300 7% Nov. 1!) 1678 Jan. 18
Jan. 9
30
22
1.330 17 Mar.
9,050 34% Apr. 2 36% Nov. 12
Oct 38
93%
610 94 Nov. 2
1,262
6,700
91.554
70
61%
29
Jan.
12
23
31
19
Mar. 31
_
W
9779 Not. 19
35% 861 1,l97,w 71%Jana37 100
K v ch angaa.
Oct
Nov. 14
4 82% Oct 11
June 23
143
19
Mar. 8
THE CHRONICLK
618
BONDS-LATEST PRICES OF ACTIVE BONDS AT
Bange since Jan.
Olonng.
Bailroad Bondt.
Not. 16 Nov. 23
& Pao.—W. D. Inc., 6b, 1910 20''g
79 '8
Guar., 48, 1937
i—^-^^l
Oan. South.— ist guar., 5b, 1908 106 3ib.
92
•-•
23,58,1913
105 isb.
Oantralof N. J.— Ist, 7b, 1890
b.
120
Coii8o1.7b, 1899,..
120iab
CX)nV6rt. 78, 1902
106»«
1987....
5b,
Generalmort.,
Leu, & W.B.,con.7B, 1909,aB'nt 117
Am. Dock & Imp., 58, 1921. 108'4
OffltralPaoiflc— goldGB, 1898
Atl.
Ban Joaquin Br. 68.1900
Land grant 68. 1890
Mort. 6s, 1936
Olies. & O.—Par. m. fund 6b,
113
101
103
'98 112
b.
b.
b.
b.
20
791s
107
92
Lowetl.
19 Apr.
79i« Nov.
89 14 Mar.
gti^s Au<r.
lOSis Jan.
121 Oct.
123 19 Apr.
b. 115
Jan.
98 Jan. 106%
116 b 112i3Apr. 117
107 igb lOligJan. 109
115
llSifi Jan. II6I2
11212b. 113>sApr. II6I4
10112b, 100
Apr. 103%
106=8
10418
& East. 111.— Con. 6s. 1934
Gen. consol. let, 5s, 1937 ..
CUo. & Ind. Coal B., iBt, 5b, '36
0I1.M11.& St.P— l8t,I.&M.7B,'97
Consol. 7s, 1905
iBt, So.Mln. Div.— 68,1910.
91
91
101% Nov.
102
10^14
May
84
10512b. 104 Aug.
llli* Jan,
121
121
90% Sept.
b
goisb.
b.
118i8». 118 b.
9712a.
97^
103 b. 102isb.
91
113
Sept.
U514
Nov.
Oct.
June
June
July
Jan.
Sept.
114i4Feb.
80%
Sept.
801s Sept.
341a Oct.
114 3i Nov.
llOisJuly
103 Jan.
134 jHue
10713 Feb.
95 Jan.
97 Jan.
ligiiOct.
101 Oct.
98 Apr. 103 ij Oct.
116 b. 113% Oct. 119 Apr.
12512b. 125»sb. 123
May
Oct. 128
llli«b IIII4
Feb.
1071s Sept. 114
i(>si2b.
104
Aug.
IOII2
107
Jan.
12
iBt, Chi. & Pae.W.Dlv— 5b,'21
9 8 12 Sept. 104 May
Wis. & Mln. Div.— 58, 1921 ... 101 b. 100
101 b, 102!l4b. 100 Jan. 103 June
Terminal 5b, 1914
Ohio. & N. W.— CouBOl. 78, 1915 141 isb. 14313b. 1391s Jan. I4412 Nov.
13114b. 131 b. 126
June 13212 May
Gold, 7s, 1902
118 Oct. 121 Feb.
Blnilng fund 68, 1929
107%b,
108
106 Apr Ill Feb.
Binklug fund 5b, 1929
Blnklngfund debent. 5b, 1933 lt9iib 10914b 107 May. 11218 Sept.
10312b, 10b %
103 12 Nov. IO6I3 Apr.
Z6-year debeut. 58, 1909
94^8
9512
98 Aug.
9115 Mar.
Extension 48, 1926
13:ii2b.
133i£a.
130 July 134 June
Ohi. E. I. & Pac— 68, coup. 1917.
10678
107
104 Mar. 108 May
Exten. & col. 58, 1934
Oh. St.P..M.& O.— Consol. 68. '30 122iab. 123
1231s May
1191s Jai.
95I2
95 Oct. 100 12 Jan.
Oh.St.L.<St Pitta.— iBt.oon. 5b,'32
Nov.
Jan. 132
0. 0. C. <fe Ind.— Conaol. 7s, 1914 isT'b. 130 b. 123
113
107 12 Jan. 113 May
,
Gen. 6b, 1934
104 b. 100 Jan. 106 May
Col. Coal & Iron— iBt, 6b, 1900.. IO414
79
63 Mar. 841s Aug.
Col. H. Val. & Tol.— Con. 58, '31 79 li
84 b, 63 Mar.
86
S7 Sept.
Gen. gold, 69, 1904
Denver* Klo Gr.— l8t,7B, 1900 118 b. 118iab 1181s May 121 la Oct.
77 b. 76i3b. 75 Mar. 791s Jan.
lBtcon.4s, 1936
78 b. 78 b.
83 Aug.
Jan.
Den. & K. Gr. W.- Ist, 6b, 191
68 %b. 68%
ABseuted
Mar. 76 Aug.
70i2b.
81 Apr.
Nov.
Den. So. Pk. & Pac— iBt, 7b, '05 77
May 43 Jan.
Det.Mac.A M.— Ld. gr.3 i«s,1911 30 b. 35 a.
IO3I8
E.Ten.V.& G. Ky.-Cou.,58, '56 1('3
95% Jan 1051s Oct.
Mar. 104 Jan.
Bllz. Lex. & B. Sandy— 6B, 1902. 100 b. 10114b. 96
135 b. 1321b Mar. 1381s Aug.
Erle^lBt. oonBoI.gold, 78, 19201138
11312b llSi^b. Ill Jan. 1 1 5 Apr.
Long Dock, 78, 1893
115 b UG b. 115 Apr. 120 Aug.
Con. 68,1935
y2ie June 102% Oct.
H.Y.L.E.&W— 2dcon.6e, 1969 100 ifi IOOI4
Ft. W. ADenv.C. -lst,6s, 1921 9i5g
92%
77% Apr. 9338 Sept.
Gal.Har.& San. Ant.— Ist, 68, '10
106 b. lOlisFeb. 1061a May
2d M., 7s, 1905
10212b. 104%a. 98
Apr. 106 July
b.
i)3
West. DlvlBlon— lBl,68, 1931. 911-.!
90 Mar. 95 Oct.
Gr'nB.W.&St.P.— 2dinc.8B,1911 25 b. 29 a. 25 Apr. 42% July
Golf Col.&San.Fe— lst,78, 1909 117''8
118
117 Oct. 12214 May.
9012
Gold, 6b, 1923
90
98 Sept.
8 8 Is Nov.
Henderson Br.Co.— Ist. 68. 193 108l4b. 10914b. 107 If Mar. llOis June
b.
H. & Tex.
12414b,
124
Mar.
I2414 Nov.
lat M. L. 78
Ill
let, West. D., 78, 1891
124 b. 112 Feb, 124 Oct.
lBt,Waco&N.7s,1903
1051s L). Il5isb. 105 June 114 Feb.
2d, consol. M. L. 8s, 1912
102 Feb. 1081s Jan.
Gen. mort. 68, 1921, tr. rec.
68 b.
65 Jan.
721s Sept.
Ind.Bl. &W.— l8t,pret.,7B,1900
110 May II2I3 Jan.
1st. 5-68, 1909, tr.reo
95 Oct.
93 b. 88 b. 80 May
2d, 5-6s, 1900, tr. rec
68»2b. 64 b. 65
Feb.
74% Sept.
East. Div.— 6e, 1921, tr. rec. 93 b. 88 b. 80
May 9.=)i4 0cr.
Income, 68, 1921, tr.reo
13 a. 23 a. 15 Mar. 25 Sept.
:nt. & Gt.Nor.— Ist, 6s,gold,'19 10212b. 10512b. 981s May. 111% Jan.
Coupon, 68, 1909
70 b. 74
61 Apr.
77 Jan.
Kent. Centr.— Gold 48, 1987.... 73 b. 73
75 Jan.
69 Jan.
KnoxT. &0.— let, 68, gold, 1925 104
102 12
891s Jan. 104% Nov.
L. Erie <fe W.— let g., 58, 1937 .. 108
108 b. 101i2Jan. 110 May.
LakeSh.—Con.coup.,lst,78,1900 12858 128i4b. 125 Feb. 12«78 Nov.
Con. coup., 2d, 7s, 1903.
12014b. 120 lib. 1221s Jan. 127
Nov.
Long Island— 1st. 7s, 1898
120 b, 120 b. II912 May. 123 Oct.
1st, consol., 5e, 1931
114 b. 115
Ill
Jan. 115 June
Lou. & Nash.— Consol., 78, 1898 11714b. 11712b. 116 Oct. 123
Feb.
N. O. & MobUe— Ist, 6e, 1930. 114 u. 114 b. 10818 Jan. 116 Oct.
2d. 68, 1930
9Ui3b, 99isb. 96I3 Jan. 100
May
E. BI. & N.— let, 6s, 1919
115 b ll.^l4b. 114 Feb. 116% JuJy
General, 68, 1930
11412b. 114isb. 109% Jan. 115
May
TruBt Bonde, 6e, 1922
10iii2b. 10912b. 106% Mar. 110% May
10-40,68, 1924
100 "su. 10013b. 101 June 104 Feb.
50-year 5s, 1937
97i«b, 9714
971s Nov. 102% Apr.
Lou. N. A. & Ch.— let. 6s, 1910.
112 b. IO714 Apr. 115 June
Consol., gold, 68, 1916
S3i2b. 87% Apr.
9414
97 Aug.
Mem. & Ch'lston— 68,gold, 1924 li 5 b. 105 b. 100 Jan. 10618 Oct.
Metro. Elevated.— 1st, 66, 1908 116 b. 115 b. 10818 Mar. 117
May
2d, 68, 1899
106
106 a. 102 Jan. 109 Oct.
Mich. Central— 1st, con., 7s, 'O: 129 b.
126 May. 132% Oct.
Consol. 6s, 1902
111 a. 107% Mav. 112 Oct.
MlBS'riPac— 1st, cons., 68,1920 11014a. 109%b. 107 Mar. 113% Jan.
8d, 7b, 1906
114 b. 114 b. 115 Jan. 120 Oct.
Pac. of Mo.— iti M., 78, 1891. 106 b.
104 Jan. 108 Mav
Chic.
C—
Note—The letter" b"
Indloates price
frui,
Jan.
911s
and "a"
May
OloHng.
Sailtoad Bondi.
Highest.
271s Jan.
XLVn.
STOCK EXCHANGE, AND KANGE SINCE JAN.
1.
104% Aug. 108% June
101 Is Apr.
112 b. IO514 Feb.
62 14 Mar.
7714b.
76%b.
ser.B,1908,rcorg.cer.
6e, gold,
77 >4
62 Apr.
Ext.coup., 48,1986,reorg.cer. 77O8
281^
31
1658 Apr.
cer,
reorg.
6b, currency, 1918,
115 a. 11412a. 90 Is Jan.
Mort. 68, 1911
106^2
loeisb.
10314
Mar.
...
1911
ones. O. &Bo. W.— 5-6B,
Oct.
CaJc.Bur. & Nor.— iBt, 58, 1926.
132i2b.
132i2b.
129i«Jan.
1903.
Cailc. Burl. & Q.— Con. 7b,
Debenture 58, 1913
Denver DivlB., 48, 1922
Nebraska Ext. 48, 1927 ....
N. T.
[Vol.
Lk.Sh. &. W.— iBt, 6a. 1921. 118 a. 116
109 b.
Milw. & Nor.-M. L., 6s. 1910.. 109 14
108
107 b.
Exteneion. Ist. 6s, 1913
95 b. 1'3 b.
Minn. & .9t. L.— Ist, 7b, 1927...
62
Mo. K.&Tex.— Con., 68,1920... 63%
53
58%
Consol., 5b. 1920
9114
91%
Consol., 7b, 1904-5-6
Mobile & Ohio—New, 68, 1927 .. 113 b. lll%a.
48 b. 45 b.
General mort. 4s, 1938
93%b.
Mutual Un. Tele.— S. t., 6s, 1911 9414
Nash. Ch. & St. L.— I8t, 7b, 1913 129%b. 129%
103 %b,
N.Y. Central— Extend., 59. 1893 104 '4
N.Y.C.&H.-l9t, cp., 78, 1903!l3b%'> 130ii)b.
11
Uliflb.
Debenture, 5s, 1904
--- 1900.... 13038b. 13014b
N.Y.&Har.1st,
7s,
92
92
Sr.Y.Chlo.&St.L.— l8t,4s, 1937.
N.Y. Elevated— let. 7s, 1906... 117 h. 117i8b.
N. Y. Lack. & W.— lat, 68, 1921 13114b 131%b,
lll%b. 111 b.
Ooustruction. 5s, 1923
107%b,
N. Y. i Nor.— 1st, 58, 1927....
N. Y. Ont. & W.— Ist. 69. 1914.. 112 b. Hl%b.
95
94%
1937.
N.Y.BUB.&W.- lstref.,58,
Midland of N. J.— 1st, 68. 1910i 11 3 %b. 113%b.
116
b.
1931|116
Ndrlolk & West. Gen., 6b,
Mil.
!
117%
11733
110
110
100i4h 100
lOd
b.
116
105%
104%
91
1.
Bighest.
Lowes'-.
Nov. 121% Apr.
Jan. Ill
Mar.
Jan.
108%
June
1
10
Feb.
Jan.
57% June 73*4 Jan.
50% Mar. 64 14 Aug
88% Oct. 106% Jan.
108%
Jan.
38
June
81%
128%
103
116
50
99
132
Jan.
Jan.
Jan.
May
107
Oct.
Aug
July
June
132% Jan. 136% June
10S% Apr. 112 July
127% Mav 13334 Oct.
9338 Sept.
8614 Jan.
Mar. 118% June
133 June
107^8 Jan 1 12% Oct
10238 Jan. 108% Sept
109 Jan. 118 Sept.
90 Mar. 95 '4 Aug.
109 Apr. ll5%Sept.
112% Jan. 120% Aug.
114
127
115%
102
89
99%
b, lt,6
119
105
1888.
Btttme since Jan.
Soc. 16 Nlv.23
Nortli.Pacmc— lst,conp.,68, '21
Qen'l, 2d,ooup.. 1933
Geu'l 3d, coup. 6a. 1937
N. Pae.Ter.Co.— Ist, 6b, 1933...
Ohio <fc Miss.—Consol., 78, 1898
2d,ooijsol..7a. 1911
Oldo Southern— lat, 69, 1921. ..
1,
Jan.
Jan.
Jan.
119% June
1133a Sept.
June 101
Sept.
IO6I4 Nov.
Jan.
118
114% Jan. 119
119
116
June
119l4 0Ct.
Apr.
99% Jan. 106% May
29 Mar. 50 Oct.
2d,luo.,68,1921
Omaha & St. L.-lst, 48, 1937.. 74 b, 74 b. 70 Mar. 76 Jan.
b.
1
07
107%
9414 Jan. 108
Nov.
Oregon Impr. Co.- Ist, 68, 1910
May
Ore. R.&Nav.Co.— 1st, 6b, 1909 Ill b. 111 b 108% Feb. 113
9t)i4 Jan.
b.
IOII4 Nov.
103
103
%b.
Consol., 58, 1925
93 Jan 103 Oct.
Oregon ATransoon.- 69, 1922.. 10134 101%
114 a. 106 Jan. 114 Oct. >
Peo. Deo. & Evan 9.— let, 69. '20.
i'04"b.
102
Mar. 107 % Oct.
Evansv. Div Ist, ds, 1920.
77 14 Oct.
73 a
69 May
2d mort., 5s, 1927
89i4July
8836
88%
83 Oct,
Phil. & Read.— Gen. 48, 1958...
39
90%
8514 Aug.
90% Nov.
'a
1st pref. income .is, 1958
75%
76
69% Aug 77% Oct.
2d pre), income 5s, 1958
0134
K234
59% Aug. 67% Sept.
3dpref. income 59. 1958
51 Apr.
62% Oct.
Rich* All.— 1st, 78,1920. tr. rei 5914b 58%
Rlchm. & Dan.— Cons.. 68, 191.= 116% 110 b, 109 Jan. 116% Nov.
87%n. 85 b 80 Apr.
90 14 Sept.
Consol. gold 5s, 1936
85 Apr.
99% Oct.
Rich.& W.Pt.Ter.-Trust fis..'.i7 9839b. 98%
116 Mar. 118 Feb.
Roch. & Pitts.— let, 68, 1921..
114%b.ill4%b.,ll3 Jan. 117i4May
Consol., 68, 1922
RomeW. & Ogd.— let, 78. 1891. H0%b. lll%b. 107 Jan. 111% Nov.
10514b.; 105 14
lOO^s Apr. 108 14 June
Consol., extend., 58, 1922
104 b. 103:'8b. 98 Jau. 107% Oct.
St. Jo. &Gd.Isl.— l8t, 68, 1925
49
52 Aug.
40 May
2d, income, 58, 1925
114 b. 112 July 114% May
St.L. Alt.&T.H.— 1st, 78, 1894. 114
lOs
110
108 Feb. IIO14 Jan.
2d, M., pref., 78, 1894
105 b. 103 Jan. 108 Oct.
105
2d., M.,inc.. 78, 1894
4238 Aug.
41
35 Ai)r.
Dividend bds, 6a, 1894
91''9
87 14 Nov. 104i4Peb.
91
b.
<&
Tex.—
1936
Ist, 68,
St. L. Ark.
31% Nov. 48% Jan.
33 b, 13%
20,68,1936
108 b...__
106% Mar. Illl% Jan.
St. L. &Ir. Mt.— l8t,7a, 1892... 10S%
'lOG
106%b.!lo5 June '112 Jan.
2d mort., 78. 1897
b.|10438
July 1105% Jau.
105
102%
Cairo & Fulton -let, 7s, 1891
92% Jan.
Gen. Ry.& land gr., 5s, 1931. 87 a. 84 b. 80 Apr.
114%b.|ll4%b.
11314
July
Jau. 119
St. L. &8an Fr.-6s.,Cl. A,1906
114%b. lU'eb. 114% Nov. 119% June
68, Class B, 1906
114%b
H4%b.|lll
Jan.
119%
July
68, Class C, 1906
June
1115 b.| 115 14b. [112% Jan. 118
Gen'lmort.,6s, 1931
102%b.
10038
Jau
105%
June
Geu'l mort., 5s, 1931
119 Oct.
112 Jan
St. Paul M. & M.— 1st, 78, 1900 ,116 b
:117%b.
116 Apr. ,120% Sept
I117%b
2d, 68,1909
llj%a. 114 Miir. 120 June
119
let eons., 68, 1933
OS's Nov.
reduced to 4%8. 9838b. 87"" 96 14 Apr.
Do
80 Mar
87% Oct.
Montana Ext. Ist, 4s, 1937... S7%a.
95 Apr.
Sheuaudoah Val.— Ist, 7e, 1909. 90 b 89 a. 90 Jau.
36I4 Jaa.
30 b. 31 b. 29 Apr.
Gen'l mort., 6s, 1921
9"i%i). 97
Jau. 105% Aug.
llOO
80. Carolina— Ist. 68, 1620
87 May
78 a. 80 a. 69 j an.
2d,6s, 1931
13 Apr.
19
Oct.
...
15 b.;
Inc., 6s. 1931
Nov. 116 Mar.
80. Pac, Cal.— 1st, 6s, 1905-12.. 1 l%a 1 10%b, 110
109 Nov.
[l07%b. 10:%b. 10514 Jau
80. Pac,N. M.— 1st, 6s, 1911.
95% Aug.
92 May
93%
Tex-APac- l8t,gold,5s..2000 94%
38-'4
45 Aug.
38 Nov
40%
2d, gold, inc.. 53, 2000
May
Jau. 104
Tol. A.A. & N. M.— let. 69, 1 924. 9914b. 9914b. 85
101 Jai). 107% May
Tol.A.A. & Gr.Tr.— let, 6s, 1921 105 b. ,10514
Jan. 102
Oct.
Tol. & Ohio Cent.— let, 5s, 1935 101%. il01%b. 93
91 June 95% Nov
95
Tol.8t.L.&Kan.C.— lst,6s, 1916
|116%b. 114 Jan
117% June
Union PacWc-let. 68, 1899
b.'lOO% Apr. 104% Mar.
il0034'>. 101
Land grant, 7e, 1887-9
il21 b. 120% ;113% Apr. 121% May
Sinking fund, 8s. 1893
Kan.Pacilio— lst,68, 1835.... 110%s.'ll0%b.!l09% Feb 112% Jan.
lll%b.llll%b. 109% Feb. 112% Nov.
l8t,6s,1896
113%b. 11314!). II2S4 May 116% Oct.
Denver Div.— 68,1899
6s,
1919
llll h. 101% Jan. II314 Oct
consol,
Illl'i
lat
OregonSh. Line-lst, 68, '22..|110% |109 b. 100 Feb. 110% Nov.
85 Oct.
m.,
81^83
Mid.—
Gen.
53,1936
78 Jau.
Virginia
YiT.. K
at 1 &Pao.-Gen.,68,
.& T>a/i -non
tia '90
ti
37 Apr. 47 Jan.
'20 QT b.i.
Bt.L.
Wab.
93
Jan.
98% Feb.
Di
vison1910
58,
Chicago
84 Feb.
90 Jan.
Wabash Mortgage, 7e, 1909
'90
Apr.
113%
Nov.
ext..
107
Wab.—
1st.
7s,
113%b.
Tol. &
113%li,
IO714 Apr. Ill July
Ist, 8t. L.Div.. 78,1889
95
Oct.
85
Apr.
extended,
7s,
1893
2d,
90 Jau.
83 Jan.
Con.,conv., 7s, 1907
Oct.
Apr.
113%
105%
I12%b.
Great West.— 1st, 78, 1888
93 Oct.
85 .Mar.
2d, 78, 1893
99
104»8
June
Guar..
Jan.
46
104% 104 14
West Shore—
'8
94% J.1U. 102=8 Oct.
Wheel. & Lake E.— 1st, .59. 1926 IC2%
1 2%
vrioo ashed; all other prloea
4334
—
.
•''8
1
!
I
!
I
1
I
1
1
j
1
1
.
[
'
.
.
1
I
.
—
I
. .
and the
ram?.; ac-e
I
from actual saias.
STATE BONDS.
SECURITIES.
Bid.
Aek.
SECURITIES.
1906 104 105% Missouri— 68
due 1889 or 1890
Class B, 5b
Asylum or University, due 1892
1906 107 113
Class C, 4b
Funding
1906 101%
1894-1895
6b, 10-20
New York—68, loan
1900 103% 105
1892
Arkansas—68, funded. .1899-1900
11
68. loan
8
1893
20
North Carolina— 6s, old
78, Little Rock & Fort Smith, iss.
10
J&J
78, Memphis <fe Little Rock, ias..
10
17
Funding act
1900
7s, Arkansas Ccutial RR
10
New bonds, J. & J
6
1892-1898
Bojrgla— 78, gold
Chatham RR
1890 1C4 106 14
Louisiana- 78, cons
Special tax, ClasB 1
1914 109
Stamped, 4s
Consolidatad 48
89% 90%
1910
MlCilgft'i- 7a
1890 105
6b
1919
AUt'iama
ClaaaA 3
to 5
Bid.
t
Ask.
102
104
107
110
110%
40
35
10
20
8
9%
91
120
1
12
9R%
122
SECURITIES.
Bid.
I
Asr.
Rhode Island— 68, cou.. 1893-1894 109
South Carolina— 68, nou-fund.l8S8
3% 4
1893 106 1107
Brown eousolidated 6s
62%'
1892-1893
Tennessee— 6s, old
1912
71% 75
Compromise, 3-4-5-68
1913 104 11.7
New settlement— 68
100
1913
OS
71'»
71
1913
3s
48
Virginia— 68, old
70 ..-«•»
68, consolidated bonde
50 ..«•••
68, consolidated, 2d series
68, deferrod. trua* r**e
9%
NOTBMBKB
THE (CHRONICLE.
94, 188S.]
619
BONDS-STOCK EXCHANGE QUOTATIONS ON FBIDAT Of THE LESS ACTIYE BAILROAD
8ECUKITIE8.
Bid.
BEOURirrEB.
Rallronil Bonds.
iSlo^k Exchanoe t*rica,)
Atoh. Ton.
A
Hjiii.
UlIlKlllK fuiiil.
Dajuth
Ke—i"**... 1920
95
1911
(I«
10*
93
BM.
A
Iron RaDS»-lit, St.lQST
DuLSo. 8h. A A0.-6*
1937
V*.
0a.-lit, 71.. .1900
'".J*?^Ol visional 5s
1930
l«text.. goll.5s
1037
Mobile A HIrni.— lut, g., 5* 1P87
MMMi
•BOUBima
97
4
Nortliem Paoiao-((.kjottuii«d)—
93I1
Helmia * No.-lat, i^d, 58 1»87
134
La M. 4 Mo. Rlr.-Ut. 6s 1037
4 W.-Nbw Rlv.-UMIs.lSa? iii"
Imp. 4 Ext., fla
1094
AiUastment M., 78
1034 ibo'
118
120
1897
Eiiulpment.
5s
190S
R». (fold
1925 lOS^e.
2d, extended, 5s
»'•
118%
1919 118
Clinch Val. U., 1st equip. 68.1957
CouK. iiiort.. Kold. 58
10S8
8d, extended, 4>M
1923 110% 112
Ogd. 4 Lake Cb.-l8t,con. a*. 1020
Bsecn Crwk- Ist gold, 48
35 >8
1936 82
4th, extended, a*
116 117
1030
OElo
4 Ml8i.-Oon8., a. f., 78. .1808
Bj8t. H. Tun. A W.— Deb. 5b... 1918
b7
97^ 5th, extonde<l, 4s
02% Sp'gfleM Dlr.-ist, 78. .'.. 1006 loeH 1074*
1928
Brooklyu Kiev.- Ist, G., 68. ..1924
108
Ist, cons., fd. conn., 7s
1920 131 130
(Mnen
ineral 58
1933
2d, 3-.">«
1915 *..
90
Reorg.. 1st llen.fls
1908
Ohio River RK.-lst, 68
1936 'lOl
Brunsn i( U A West.— l8t,K..4a. 1938 B.N. v. 4E.-l8t, 78
1916 iae'
Oeneral mort., gold, Ss
1937,* 83
BuIl.Ri)ili.,(:riit8.— Gen.,.^8... 1937
99
N. Y. L. E. A W.-CoL If., e«1922
Oregon 4 CaL- let, .58
1937
Burl. Ce. Rap. A No.— 1st, 58.1906
95
95 >s
Funded coup., 58
92
1969 91
Panama—auik. fd., sub., ea...I910,*109
Oonsol. A col. tr, 5s
85
1934
Income, Os
1977
PennsylTanla
RR.—
Minn. A St. U-lst 7e,jfu
1927
Buff. A S. W.— Mortg. 6S....1908
87
Pa. Oo.> guar. 4%«, lat ep. 1921. '108
108%
lowH C. A West.- 1st 78... 1909
101 «»
JelToreon RR.— l6t,7s
1H89 101 >4
PltU. C.48t.L.-l8t,op^78.1900,*lI8
Ced. Rjip. L F. 4 N., 1st 68. 1920
Eurekii Snrlngi. R'y, lat, 6«, g.l933
- i'<K"
Pltt8.Ft.W. 4C.-l8t,'7'8...1913 143%
let 58
1921
Evan. A T, H.-lat, cons., 6S.1921
2i1,78
1913 142
Oeatral Iowa— Ist, 78. Tr. Reel899
80
Mt. Venion— Iht, 6a
1923 109
3d, 78
1912 134
Eaet'u l)lv., let,6!',Tr. Ueo.1912
62
Evana. A Indian.— let, eons. ..1926
Olev. 4 P.—Oon»., 8. M., 78.1900 •120
aUnolH Dlv.. l8t8»,Tr. Rco. 1912
FPt A P. Marf|.— .Mortg., 6a. ..1920
4th, sink, fd., 68
1892 106%
Cons. Bold blip., 68, Tr. Keo.1924
Grand Ran. A Ind.— Gen. 5s. .1924
97
St. L. V. 4T.H.-l8t, g.,78.1807 114
117>»
"ent. RK. A Baiilr.— (,'..1. if..5p.l9H7
99 100 >4 Green B. W. A St. P.— lat, 6«. 191l|
90
2d, 78
1898
Cent, of N. J. -Conv. del>. 68.1908 lOS^s
Han. A St. Jo.i.- t'ons.. 68
1911 •119i»
3d, gnar., 78
109
1898
Central Pnrttlc-Gold bde., 68189,^ •Il3>«
llousatonUj— Cona. Keld 5s .1937
106
Peoria 4 Pek U'a— Ist, 68. ...1031 110%
Golil lioudB, 68
1896(*113'a
Houston A Tex. Cent latni 1. 1 !«<• iie'
3dM.,4%s
1921
60
Gold Ijoiids, 68
1897 'H3>9 115>s
West Dlv. 78, tr. reo
116% PMla. 4 R.—3d pr. ino. aonr.,1969 "62%
Cal. A Ore»5on— Bcr.B., Cs 1892 101
2d m. 8e M. L tr. reo
iio" 112
Pine Creek Railway—6s of 1933
West. Pacific— Bonds. 68... 1899 113>s iiSTg Illinois Central— lat, g., 48. ..1951 105
Pltt«. Clove. 4 ToL— l8t.6a ..1922 llOH
No. Railway (Cal.)— lat, 68.1907
lat, gold, Sije
92% 93% Pitta. JnnctlOB— let, 6s
1051
1922 110
Ohes. A O.— 68, gold, ser. A. .1908
Gold 4s
Pitts. McK. 4 Y.— Ist, 68
1952 98%
1932 115
Coupons off
190S 113 115
Springf, Dlv.— Coup., 6s.. ..1898
Pitta. A Westein— 1st, g.,4s .1917
75% iS"
Che.s. O. A So. WeBt.-2d 68... 1911
79
Middle Dlv.-Reg., 58
iPllts. Y. .V Ash.— 1st 58
1921 113%
1927
Cilcago A Alton— Ist, 7s
1893 113
C. St. L. A N. 0.-Teu.L, 78.1897 117
Rlchm. A AIL— 2d. Urexel receipts
24
2«1»
SinlcJnir fund, 68
1903 122
l8t, eousoL, 78
Rich. ADanv.- DelHsuluro 68.1927
1897 117 120
Louie. A Mo. River- I8t7e..l900i 122
2d, 6s
1907 120
Debenture, ex coupon.
93
'
97
2d78
1900 113
Gold, 58, coupon
1961 115%
AtL 4 Char.— Ut, pr., 7s.. ..1897 108
8t. L. Jaeks.A Chlo.— lst,7s. 1894 ii4>e II5I9
Dub. AS.
2d Dlv., 7s... 1894
Incomes
.1900 100
1st, Kuar. (564). 78
1894 114
Ced. Falls A Minn.— Ist, 78.1907
St. Joa. A Gr,ind Island2d iiiort;.-. (360), 78
Ind. Bloom. A Western—
1898 115
Kan. C. A Omaha- Ist, 58, 1927
91
2d,giiar. (1S8),78
115
1898
Olilo Ind. A W.— Ibt, pf., 58.1938 105
8t. L. Alton A Tor. Haute—
'
107J«
Miss.
«. K.
K, Bridge— l8t, s.f. 68.1912 106
iRt, 58
76
78
BeUev. A 80. Ul.— 1st, 88. ..1806 115
1938
CWe. Burl. A No.-Deli. 6s.... 1896
2d, 58
65
Beilev. ACar.— l8t,6s
1933
1923 110
Calc. Burling. A Q.— is, s. f
1901 106% 1081a Ind. D. A 8pr.— l8t,7b,ex.cp.l906 100%
St. LouiaAChic— l8t,con.68.1927
Iowa Dlv.— Sink, fund, 58. 1919
Ind. Dec. A West.- M. 58
oo' St L.AI.M.-Ark. Br.,lBt,78.1895 ids"
1947
Sinking fund, 48
1919 96
2d M. inc. 5s
1948 73
73% Cairo Ark. AT.- l8t, 7s. ...1897 107%
Plain, 48
91
Kan. C. Wyan. A N.W.— lBt,5B.1938
192]
13
94
dt. Louis A San Franoisco
Ohlc. A £. m.— let, 8. f., our.. 1907 120
Lake Shore A Mich. 80.—
Ist, 68, Pierce C. 4
1919
Chlo. Mil. A St. Pau'—
Cneve. P. A A.— 7s
1892 110%
Equipment, 78
1895 107
Ist, 88, P. 1)
Butf. A Er.- New bonds, 78.1898 120%
1898 1231a 126
let, Iru^t, gold, 5s
1087
2d, 7 3-108, P. D
Kal. A W. Pigeon— let, 78... 1890 104% 106%
1898 120 12019
Kan. City A S.— let, 6s, g.l916
102
Ist, 78, « g., R. D
Det. M. A T.— let. 78
1902 125
1906 126
Ft. 8. A V. B. Bg.— ist, 68. 1910
l8t. La CYosse Division, 7s 1893
Lake Shore— Div. bonds, 78. 1899 121% 124
St. L. K.ASo.Wn.-l8t, 68.19161
let, 1. AD., 7s
1899 120
CousoL, reg., Ist, 78
1900 126%
Kansas .MId'd — 1st, g. 48.1937
Ist, C.AM., 78
ConsoL, reg., 2d, 78
1903 IV 5
1903 123 i'23% St. Paul ADuluth— 1st, 5s....l93ll 111 !lU
lat, 7s, I. A D. Ext
Mahon'g. Coal RR.— 1st, 5s. 1934 106% .07
1908 12:2% 126
St.e.Mlnu.AJM.— Dak.Ext.,6s.l910: 113% 110
Ist, S. W. Dlv., 68
115
Long Island— Generdl, 4b
1909
94% Min's Un.— 1st, 68
1922!*110
193^ 94
let. La C. ADav., 58
N. y. AK'wayB.— l8t,g.,58.1927 103
1919 1(1%|
Mont. Cen.- 1st, guar., 6*. .1937
1:1%
let, H. A D., 78
1910 122% 123
2d mortg., inc
San Ant.A AranB.-lst,68,'8d-1916
1927 28%
01
let, H. AD., 58
N. Y. 4 M. Beach— 1st, 7s. .1897
1910 100
Ist, 6s, 1886
1926
80
03
Chicago A Pacitic Dlv., 68. 1910 119%'l22
N. Y. B. A M. B.-l8t,g.,5s.l935
101
Scioto VaL— 1st, cons., 78
1910
Chic. A Mo. Riv. Dlv., 58
ua^dioo
Brioklyn AMont.— let, 68 .1911
.1926
Coupons oil
fd'
Mineral Point Dlv., 58
let, 5s
Sodus Bay 4 So.— Ist, 58, g . 1924
1910 101i»
1911
C. 4L. Sui). Dlv., 58
Louisv. A Nash.— CecBr.— 7s. 1907
1921 101
107% South. Pao., Ariz.— 1st 6s.. 1909-10 107% 108%
Fargo A South., 68, Assu .. 1924
12018
Peneacola Div.— 68
1920 102
Tex. Central— lat, s. t., 7»
50
19O0
...^
Inc. conv. sink, fund 58
St. Louie Div.— Ist, 6s
1916
1921 114%
1st mortg. 7s
1911
55
Dakota A Ut. South., 58
95
2d 38
Tex. 4N. O.— 1st, 78
1916
1980 OU
1905
125
Chicago A Northwestern—
Nasllv. ADecalur^i'sV.fsi.igoo 121% 123%
Sabine Division, 1st, 68
1912 'IOj 104
Escanaija AL. 8.— 1st, 68... 1901 110
S. 4 N. Ala.— S. f., 68
rex. 4 Pao.,E.Oiv.-l8i, 68 ..190S 109
1910
DesM. A Minn.- Ist, 78
97
Pens. A At.— let, 6e, gold.. 1921
Tol. A. A 4 Cad.— 68
1917 100% .....;
1907 122
towa Midland-l8t, 8a
Collateral truet, 5e
ToL A. A. 4 Mt. PL— 68
1900 132 132%
1931
19tw
jlOO,
Peninsular- let, coiiv.,78... 1898 158
lb2
Lou. N. O. ATex.— lst,4s.... 1934
87
ToL Peoria 4 W.— lnt4B
74
1917
76
Chlo. A Milwaukee— let, 78.1898 12218 124
2d mort., 5s
40
.1934
Dniou Pac.— lat, 68
1896 113%114>ft
Win. A bt. P.-2d. 78
130 135
Manitoba S. W. CoL— Q. 58... 1931
Ist, 68
190
1897 114
Mil. A Mad.— let, 6s
Mielilgan Cent.— 68
1909
1905 110
let, 6s
1898 115% 117
Ott. C. F. A St. P.-let, 5s. .1909 107
Coupon, 58
CoLTnut,6s
.1931 •112
1908
Northern 111.— Ist, 5
Jack. Lan. A Sag.—«s
1891 104
CoL Trust, 5a
1907
1910
Chic. Rook Isl. A Pac—
91
Milw.L.S.AW.-Conv.deb.,5e.l907
92%
C. Br. U. P.— F. o.,78
1895 103% ....
Dee Momes A Ft. D.— l8t,4s. 1905
Michigan Div.— 1st, 6«
Atch. Col. 4 Pac— 1st, 68. 1905 103%|101V
86
1924 111
lst,2iss
Ashland Div.— Ist, 68
Atch. J. Co. 4 W.— l8t, 68.1905
1905
1925 112
Extenhiou,48
Incomes
1905
Ut. 80.—Gen., 78
1909 iWi.'.'.lZ
Keok. A iJcs M.— 1st, 5s
Minn.48t.L.— I'a Ex.— l8t,7a 1909
82% 90
Exten., lat, 78
1923 104 105
1909 107 110
Chic. A 8t. Louis— Ist, 6s
60
2d mortg., 7s
Utah A NoitU'n.-rG., 58....1926 98
1915 110 121
1891
98>«
Chic. St. f. AKan.C.-58.... 1936
Southwest Ext.— let, 7s
81%
of
Oun.
VaUey
K'y
Co.
O.—
6s.
1921
105
1910
Minn. A N.W.— Istg. E8....1934
Pacitlc Ext.— let, 6s
Virginia Midland.- Inc., 6s.. .19-27
100
1921
Cmc. St. Paul M. A O.—
Impr. A equipment 6s
Wabash St. L. 4 Pac—
1922 50
Chic. 8. P. A Minn.- Ist, 6s. 1918 123
125
Minn. A Pac— l8t mortg. 5s.. 1936
Chieagu Dlv,, 58, Trust reo
87
88
No. Wlflconein- let, 6s
&.8te.M.AAtl.—
Minn.
I8t,5a..l926
Detroit Div.—6e, tr. rec ....1921 106
aa's
1930
St. Paul A 8. C— iBt, 68 ... 1910 1^3Sg 1251a Mo. K. A T.— C0U8.,2d, Ino
Wabash, M., 78, I'rast i«o
84
1911
Ohlc. A W. Ind.-lst, ». !., 68. 1919 111
H. A Cent. Mo.— let, 7s
1890
106% Toledo A Wab.— Ist ext., Tr. reo. 89
General mortgage, t's
Missouri Pac—Trust, g..5e,..1917
St. Louis l>lv., 7s, Trust rec...
88
01
1932 117%
87I*
Cln. Haiu A D.— Cou. s. f., 78. 1906 1181a
Mo.—
Istext.
Pac of
97% 97%
2d M. ext., 7s, Trust reo
86
4s. ..1938
2d, gold, 11.28
Mobile A Ohio— CoL tr., 6s ...1892 102
Eqmp. bonds
1883
12%
90
193?
Cln. LSt.L.A Chic— lst,g.,48 .1936
103
7s,
rnist
Consol. eouv.
reo....
83
95% let Extension 68
li(27
Consoles
47
91
56
Gt. West.— let, "s. Trust reo
88
1920
1st pref. debenture.
Cln. Jack. A Mac— l8t,g.,5s... 1936
26
2d, 7s, Trust rec
87
97%! 2d pref. debentures
Cleveland A Canton- l8t. 58..1917
22
85
30
94%
3d pref. debentures
Suln. 4 ToL— Ist, 78, Trust reo
01. CoL Ciu. A Ind.— l8t, 78, s.f. '99 1191* 124
85
72
an. 4 Naples— let, 78, Tr. reo
1931
8t. L. A Cairo- 48, Kiiar
Consol. sink, fd., 78
86
Morgan's La. A T.-lst, 68.... 1920 105
ni. 4 So. I'a— Ist.ex. tia,Tr. reo.
1914
09i«| Ist, 7a
Cleve. A Mah. V.-Gold, 58...iy3s
6t.L.K.C.4N.--R.E.4 RK.7s.'95 111%.
1918 118
Offiur d'Alene. Ist, 68, gold... 1916
1919
Nash. Chat. A St.
2d, 68.. 1901 10<*
Ciarluda Br.-6a
Col. 4 Green.— let, 68
dt-Olmrles Br'go— l8t,6a.l908 102
ConsuL gold, 5s
1928
9;%
1916 101
2d, 68
192«l
1895 114%
No. Mlasourl- l8t, 7s
New Or. A GulI-lBt, 68
1926
81
,
CoL A Cin. Midland— Isi, 6s. .1914
94
94%
West.N. Y. A Pa. -Ist, 58 ....1«3
1916
90
93
N. O. A No. E.-Pr. L, g., 68
Del. Lack. A We»t.-Couv. 78.1892 112
a7'»
1927
1986
104% 2dm. gold 3-58
114
N.J. June—Guar. 1st, 48
Mortgage, 7s
Warreu A Frank— 1st 78. ..1896
1907 lb8 112
N. Y. A New Eng.— let, 7s. ...1905
Byra. Biuk. A N.Y.— l8t,78.1906 135
1906
We»t. Va. C. A Pitis.-l8t, 68. 1911
Ist, 6e
Morris A Kssex— l8t,78
.'niarellaueous Bonds.
N. Y. N. II. A U.— l8t, reg. 48.1903 lilt's lll'e
1914 1421a
|d,78
i.6% Am. Water Works Co.. ist. 69.1907 103
;„..., ..1891 108 ii 109%' N. Y. A Northern.- 2d, 4s_..1927
Bonds, 7e
Cuhaba t.oal .Mlu. — Ist g. 7»..100r 112
1900 124
37% N.Y.Susq.A West.— Ueb. 68... 1897
78 of 1871
1937
8U
UoL 4 Huua. Goal 4 L—6s,g..iei7 90
..1901 .•2
2d, 4%e
193;
l8t, con.,gn8r,,7s
QaorglalVi.. N. C— 5s
..1915 141%
N. Y.Tox. AMex.-lst, 48 ...1012
1901
00
DaL A Hud. Cania—1st, 7s ..1891 108 »8
Iron SleaiuOout Co.—6s
Northern Pac -Dividend scrip
7«.
1909
l8l,ext., 78
Manliiit- Beach Imp. Co.—
James River VaL-lai, 68. 1936 105
..1891 108
Coupon, 78,
Markia .-41. Cable Ry., 1st, 08.1013
1936 101
Spokane A PaL- 1st, 6s
1894 II41J 116%
Pa. Dlv., coui.,79
190*
N. W. IVlegrapb— 7s
..1917 139
St. Paul A N. P.— Gen., 68.. 1923 118
Albany A Busr,.- Vst.gu,,?. .lOuB 1331a
Tuuu. Coal Irwn 4 Railway—
Helena A Itcd .M'n—lst,g.,6s.lU37
881*
1917
8S
1«, eons., guar., 6k
lenn. Dlv., Ut, Os
1906 li3
DuL A Manitoba— let, g. 68.1936 102
93
1917
Een,s. A Bar.— Ut. eouu.,78.1921 143 •«
Bir. Uiv. — i»ti-on. 6s
102
Do Dakota niv.— let. 6s. 1937i"
116
Deuv. A U G.— Inin. g. 5s.... 11)28
West. UulonTeL—Ooup. 7s.. .1000 114%
Hel.B.Vul. A Butte— let, 68.19371
lO.-t
97
Pet. Bay C. A Alp."- ist, 6.... 1913 *107 !108
90
Col. Tr.iet, 5s
Druinmond A P'bg.- Ist. 58 1937'
Oollntonil Trust, 5»
1937
Chic. 8. I'eACal.— 1st ft.. 58. 1987 100
B»lt A ()iilo-l»t68, Park B -.1919 •118
I
Brie— lat, extended, 7«
110
Horf.
"ia\
~
I
.
.
C—
-
-
.
.
-
.
.
.
.
I
.
.
I
,
'
I
'
.
'
.
.
.
U—
. .
.
.
,
.
,
.
'
No
price Friday: these are latest qaolatlons
m^e
this week.
.
—
4
..
1
New York
ia
City
Bank Statement for the weekending Nov.
We omit two oipJiers (00) in all cases.
aa follows.
Bank
CapUaL
SECURITIES.
A
Hnntlngton
Manhattan Co
2,050,0,
2,000,0l
2,000,0'
3,000,0,
1,000,0|
«iaTradesmen's
1,000,0
1,000,0
-,
Chemical
Merchants* Exch'nge
Gallatin National
Batchers' &. Drovers
•Ceohanics' A. Traders
.
Greenwich
600,0
1,000,01
300,0!
200,0:
2oo,o;
600,0
BeTenth National
300,01
New York...
American Exchange..
Commerce
Broadway
1,200,0
6,000,0
6,000,0i
1,000,0!
1,000,01
Mercantile
Faciflu
422,7
Bepabllo
1,500,0!
450,0|
Chatham
Peoples'
200,0
700,0
North America.
HanoTer.
iTTlng
1,000,01
* Fnlton
Nicholas
Shoe & Leather
Corn Exchange
Cmtlnental
oriental
ImjKirters'
457,3
1.042,9
200.5
363,6
178.9
654.8
218,8
231.5
500,0
1,000,0
A Traders
Park.
Worth River
Kast River
Fourth National
3,200,0|
2,000,0:
300,0
750,01
500,0
1,000,0:
300,0
250,0
200,0
750,0
600.0
100,0
200,0
200,0
600.0
300.0
Bowery
New York County...
German- American.
Chase NationaL
.
Aveune
German Exchange..
Fifth
Germania.
United States
I.lncoln
Qarfleld
Fifth National
Bank of the Metros.
West bide
fieaboard
200.01
iso.oi
300,o:
200,0
500,0,
Bixtb National
200,0
3,500,0
Western National...
Total
11.5,4
752,2
307,4
530,6
3,66.5.0
2,980,4
1,232.0
1.489.6
412,9
1.763,5
611.6
303,0
660.8
3,853,8
441,0
662,8
290,7
940,6
822,4
1,079,0
899,1
811,2
221,0
5,329.3
6,024,3
102,7
86.6
4,235.6
1,933,0
468,0
1,628,0
3,540.9
4,877,9
2,071,1
21,981,0
19,306,9
2,028.2
124,0
1,272.3
1,304,7 18,188.1
531,3
8,023,0
212,8
3,659,0
278,3
4,927,8
5,875,8 21,388,9
217.6
5,841.8
117,2
1.557,0
362,4
2,327.6
104,1
2,247,4
211,8
2,707.8
665,7
7,606,3
652,1
3,969,8
366,1
2,485,8
364,8
2,438,3
601,1
4.298.2
179,8
2.781.7
232.5
2.241.1
243.0,
1,320,8
429,6
3,669.8
201.0
1.992.0
128,0
2.413.0
62,0
1,810,6
87.6 10,367,3
1,436.7
125.9
630.0 11,830,0
359,0 10,143,0
601,1
8,407,4
499,0
7,737,0
473,3 12,273,5
95,0
4,060,0
477.0 14,304,6
166.6
2,783,4
477.7 24,132,1
605.6
4,085,8
270.6
4,409,0
93,8
2,007,5
328,0
2,.^01,0
103,0
1,142.8
162,4
2,757,2
64,7
1.360,4
211,4
3,282,7
536.0 14,145,0
1,909,7 15,197,0
198,1
5,924.2
751,8
8,183,7
464,5
3,145.2
231,7: 10.107.8
644,1
5,049,5
370,0
2,962.2
281,8
4.437,0
603,8 15,031,1
283.6:
2,048,0
247,7
3,210,8
433.1
3.072,4
211.8
4,158.1
84,3:
1,982,6
809,0
3,728,0
323,0
6,429,1
616,3;
6,379,9
36.1.1
2,140.2
890,4 23.580,8
984,0| 23,901,0
164,7
2,202,7
344,2
1,543,7
767,5 18,949,2
1,245.01 10,686.0
846.0
4,586,0
426.7
5,743,5
1,644.91 20,747,4
168,5'
6,201,6
632.0
608,8
486,1
1,679.0
131.5
160,3!
149.01
1,305,2
2,687,3
112,3
147,7
424,6
931,7
2,9'20,1
192.7
204,5
1,123.2
640.6
284.0
426,7
892,2
3S4.0
476,0
375,0
622,4!
1,310,4
1,310.2
2.633,4
8,680,6
4,038,9
3,145,2
2,759,4
4,515,0
3,303,1
2.874,3
1,750,4
4,582,9
2.252,0
3,042,0
.351.0
27.5;
127.2
688.2
234.1
271,3
226.0
239,0
160.0
2,07.5.0
9,499,2
60,762.7 51.686,0 892,990,8;87,293,6!27,935.8 414,550.0
Loans.
K. Y. Banks.*
Oct. 20
'•
27
Specie.
Legale. iDeposiU.r.CircTn Clearings
$
I
17
Boaton Banks.*
6,491, 3 S67,105,7
6,487. 1 68.3,132,6
6,305, 8 671,138.2
5,322, 3 5.39,072,6
5,317, 9,667,780,9
1
Nov. 3
10
17
Philadel. Banks.*
Nov, 3
151,398,3; 10.657,9 4 0.59,7 128,148 4|5,113. 5(109.704.9
151,160,9 lO.MO.S 4 ,201,1 128,897, 2i4,0.5.S, 81 93,799,7
150,526,9110,407,61 4 356,7: 128,795, 6 4,666,,7 103,371,3
iO
i7.;:i:::;::i::::
94,341,01
*^Ve omit two ciphers in
all
I
24,493,,2
24,667,
24,381..0
htse Azures.
oelphia, the Item **due to other banKs."
94.361.0 2,634,7
93,634,5 2.300,9
93,567.0,2,299,5
I
69.839.5
58.730,6
60.188.1
+ Inoiuctiiig. for Boston and Phlla-
QBAtatlons In Boston. Plilladelphla and Baltimcre:
Following are quotations of acto'oe stocks and bonds. A full
list is given in the Chronicle the third Saturday of each month.
.
SECURITIES.
Bid.
|
I
Preferred
Fltohbarg, pref
128'a
76
28
97
Pere Marquette.
Preferred
Manchester A Lawrence
1218
Mexican Central
K.Y. A N. Eng.. pref
108 >i
Northern
Norwich A Worcester
Ogdensb. A Lake Cham..
Ota Colony
174 175
Portland saco & Ports... 123
6umiBit Branch
Wisconsin Central
18>a
Preferred
39
BONDS.
Per share.
(
«
120
83
6.s
Consol. of Vermont— 5s..
Eastern. Ma<ts.— 6i. new..
C. C. * t. Scott & Men. .63
K. C. Port Soott
a.—7»
Kans. City Law.<& So.— 8s
K.C. Memph. A Birm- 6s
Kan. Cit. St. Jo. AC. B.—7s
K. City Sp'd A Mem.— SB
K.C. Clint. A Springf.—68
UMle R. Ft. S.— 78
Lonl8V.Ev.*St.L.— 1st, 68
A
A
N Y.4 N.
«118
A Topeka—lit, Ta.
Income,
Haven
Pennsylvania
A
Phil.
Erie
A
Suubury
Lewiston
68,
Eng.— 1st,
7b..
1st mort., es
2d mort., 6b
Ogdens.
A
L.C.— Cons., 68
Rutland— 5s
Soathem Kansas—As..
Texas Division— 5s.
Incomes
Catawissa- M.
i'23"
113Hi
A Amb—
A
1900
78,
Jeff.- 1st, 88
Mid.— 1st, 6s
Connecting— 63
Delaware -Mort., 8b
Dol.&Bd.B.— l9t, 7s. 1906
Easton<fe-4niboy.mort.
5s,
A Wili'm.- 1st, 6s
Harris. P. M't J. A L.—
Hunt'n * B. T.— 1st, 78
Elmira
2d mortg.,7s
C*
—
,
41^3. Trust Loan
Perkiomen— 1 st, 8s,cp. '87
Per share,
112
ii'e"
114"
93 '-J
120
126>-i
95
96
104
104 H) 105
100
95
63
19
63ii
iOHi
12SHl 124
113 "ells'*
1105
98H)'
97
94
85
87
I
rHIL.AUBI.HHlA.
87
89Hl
i
Gap
rtt
Atlantic, pref.
East Pennsylvania
Elmira A williamsport.
86>4
Last price this wee 1..
Preferred
BAI.TIinORK,
1
1
I
Last price
B.ANKS.
tills
week.
180
146
285
Ac
. .
Garlicld
200
Orcenwich...|125
Hanover
217
Chatham
235
Chemical
3B(Ht
40O0
340
148
Commerce... 177
City....-
156'"
182
rn
12fl
•iw
East River.. 150
11th Ward... 160
FifthAve.... 1000
2000
First
14th Street-. 155
140
Fourth
250 266
OaUatin
j
68
170
147
122
1
152
230
123
150
133
Seaboard.. ...1120
......
Second
,320
Seventh
120
ShoeALeath. 148
.,,_
Bonds, 5s
Consolidated Gas
Jersey City A Hoboken.
Metropolitan— Bonds
Mutual
(N. Y.)
Bonds, Os
Nassau
'....
(BrookiiTi)
[Cltr
RB.
Bl'ekerSt.
l.itmort.,
A
Qaotatloiui
103 104
52
55
100 103
80 Hi 81
170
114
9»l4 100 Hi
100 102
110
99
b7 H.
L.
Fnl. F.-Stk.
7.S.,
1900
Bfd»av A 7lhAv.— St'k..
->*•
1B2
12s
113
104
Tradesmen's. 102
United Sfes., 310
"Western
1
.—M
Phenlx
Republic
!
OfM »M* cur Railroad 8taefca and Bond*.
GAS COMPANIES,
Bid.
GAS COMPANIES.
Brooklyn Gas-Lisht
Citizens' Gas-Light
•
187
People's
1183
1190
St, Nicholas.,
llHl State of N.Y. '108
Metropoiia... 23,i
r
Bid.
Williamsburg
vn
Bonds, 6s
Metropolitan (Brooklyn)..
Municipal- Bonds, 7s
Fnlton Municipal
Bonds, 63
Kquitable
108
87
105
133
105
110
112
Bond.s, 6s
92H
9214
',4
People's (Brooklyn)
I
A»k
75
125
111
88 Hi
110
ISS
10»
lis
.•••
Qbant, Broker, 115 Broadway.]
loi^
D. D. E.B. A B.— Scrip 6s.. 105
145 15U
Eighth Av.— Stools.
'103
107%
Scrip, 6.?, 1914
42d
1st mort., 5e, 1904
2d mort., 53, 1914
B' way Surface b'ds...l924
Bonds guar., 53, 1903
A
Gr'nd
St.
F'ry-Stk.
212
20;)
110
Ist mort., 7s, 1893
St.N.Ave. 24
l42d St. Manh.
110
Ist mort., 6s, 1910
50
2d mort., income, 6s
111<I
A
Brooklyn City— Stock
1st mort., 5s, 1902
Bklyn. Crosfltown— Stock.
latmort.. 73, 1888
Bnshw'k Av.(Bklyn)-St'k
28
111
SS
HoustW.St.A P.Fy— SI*. 165
1st mort, 7s, 1894
110
,
i'lT*
Ninth Ave
Second Ave.— Stock
Ist mort, 5s, 1910
80
105
103
1S4
Sixth Ave.— Stock
105
Istmort., 78, 1890
[Third Ave.— Stock.
214
Bond.s, 7.S, 1890
101
iTwenty-tbirxl St.—Stock.. 205
Istmort., 73, 1893
110
ioii"
104%
166
io«
21S<«
103
210
113
1st mort., 7», 18'J3
—
Unlisted Seearlties. Quotations from both Exchanges:
SECURITIES.
Bld.i
Bid. Ask.
SBCUBITIEB.
Am. Bank Note Co
A Pike's P'k. Ist 8s
A Char. Air Line
Atch.
30
Mexican National
33
104
80
90
121Hll'24
l9t, 7s, 1907
Brooklyn Elev'd etock.. 37
—
—
California Pacific
BruDswick Co
...
13Hl
.
7Hl
rec
7
l8t (uoit, trust reo
New 1st 68
2d series A, 63
2d i-eries B, 68
De.<.iEa.stSh. Ld.Co.
43
tr.
14 Hi Mt
0%, N.J. Southern
9
4S
99Hi
"ii"
83
59
19
200 Sll
'e
1%
110
N. O. Pac. Lacii Grant... 18
33
107
l*t mort., 4His
Newp. N. A Miss. V.li
12
14
103 107
2d mort.. gnar
2
8\ »Hi' N. V, V.-.S.A Buff
Chic. A Atl.— Ben., tr. rec
N. Y.
Green'd Lake, lat 36
38 >>
Chic. Gas Trust
10
2d mart
8
96 Hi
F.
Chic. Kquitable Gas
50
40
N.Y. Loan A Impr
Imp..
Continental Cjn.
93
7
N. Y Mutual Tel
Dnl. 8. shore A At.— Stk.
21
North Rlv.Cons. CJ.scrip.l 5=4
6
Pref
20 .Ocean steam.Co.,lstguar,|103 lOS
Fla.R'yA NaT.Co..consol.
8
7
Qaorgia Pao.—Stock
13Hi 15 /Peiisacola A Atlantio
A
A
A
*o"
I
110 '4 llOH ,lPhil.
Consol. 5s
Income 53
48
75=4
»».
—
Jarvl9Conklin,M..Deb.8s
Kanawha A Ohio
IstOs
24
98
26
103
8 Hi
Keely Motor
6H1
A Pemb., Ist M. 106
A Wilkea.Ooal... 28
L N.A.&C— C.AI.Dlv.fls 102
'
7%
Kiugfit'n
Mex. NatConsiruofnCo.
25
Rea<l., all ass. pd.l
36
10
12
40
Pref
99
St. PanlE.AOr.Tr.,l8t68 97
Scioto Valley. 1st, 78.... 96'j 98 <*
75
68
2d, 73
19
Toledo Peoria A West... 15
Vicksb. A Meridian- 1st. 95
47"
43
2dmort
1
3
Incomes
|St.
IHl
3
70
&
jPostal Telegrjpli-Cable.
76<« St. L. Ft. s. A \V'icb.,c9rt
Leliigli
'
181
-•>
166
Park
.
.
^
128
140
165
'200
Pacific.
Leather Mfs' '200
Manhattan... ItU
M.irketAFuI 183
Mechanics'.. 173
M'chs'ATrs'. 170
Mercantile.
160
Merchants'.. 143
Merch'tB Ex. 119
Metroplitan
10
Nassau.
New York.
Ask
Bid.
N. America..! 147
North River. 138
OrientiL
158
Irving
2d pref
46 H> 47 Hi
40
56
5818
I
120
Gemiania
Hud. River. '.40
Im.A Trad's' 400
23(»
1
N.Y. Connty. 200
N.Y.Nat.Ex.:124
'138
Ninth
1300
German Am.: 114
137
Chase
Continental
Local Secnrltles.
Bank Stock lAmt.
BANKS. Bid. Ask. BANKS.
Ask.
Bid.
175
Exch... 143
276
Broadway
Bntchs'A Dr. 175
i.s:<
Central
America
1st pref
RAILROAD STOCKS.!
BcU's
lis
I
88
33
Income 5s
A AtL— 1st, 6s
I
l8t6e
3d8
I
I
108
104
112
122
106
New York
Atl.
HIHj
62Hi
10134
RAILROAD STOCKS.!
Bond.s7.s 1898
82
90>t
77i«
6318
77
1
Dry Dk.E.B.A Bafv— Stk.
123H;
90it
.
W. Jersey
88 3»
100 <
92 Hi 95
Baltimore A Ohio
Ist prof
:ie
2d pref
13314
Central Ohio
50
114 11418
Preferred
66
} 54
123
nWestern Maryland
i 10
102
hWilm'gtouCel, A Aug'sta, 110
105 ij 107
BONUS.
RAILROAD
114
Atlanta cfc Char.- Ist, 78.
103\t;, Income, 6s
122
108 Hi
iBalt. A Ohio- 5s, 1925... 5108
139
140 |CapeFe.ir& Tad.-lst,6s: 101 103
?134ia 135Hs Cent. 01lio-6s, 1890
103
120 1204 Char. Col. A Aug.— 1st,, 7s }112
100 1(16
Cin. Wash. A Bait.— Ists.!
51 Hi
2ds. Bs
131l«
3ds. 3s
Ist Inc., 5s, 1931
'seab'dA Ro'n'ke— 53, 1926
114>s
West. Md.. 3d guar., 83..
•WiL Col. A Ang.,6a,1910.
118
105
100
lllHi 112
110
51
52
8818
100
1:
Consol. M., fis
Leh.V.— l8t.6s,C.&R.,'98
2d,7s, reg.,1910
Cons. 8s,
R., 1923..
North Penn.— Ist M., 78.
N.Y. Phil. ANorf lst,6s
Income, 63
Penn. -Gen. ,6s,coup.l»10
Cons., 6b, coup.. .1906..
Cons., 5s, coap...l918.
t
122
103
90 Hi
117
117
100
103 Hi 104 Hi
Wiseon. Cent. -1st M., 58
Ciuutlen
.
20
114
102
A
I
1361,
2d pi-ef inc. 5s, 19S8. .
3d pref. inc. 5s. 1958...
PhU. W. A Bait.— Tr. 0..48
Steuben. A Iml.lstm. 5b
11714 United N. J.— Gen. 4s
ZlHl Warren A Frank.— Ist, 78
West Jersey— Ist M.,78.
I«o. 78. end., coup., '94.
Bells Gap— 1st M., 68
Cam.
M.. Bs. '89
Camden &Atl.— 1st M.7a
Clearflcld
Col.
Cin.
113
111
Istpref. inc. 5s. 1958..
222"
United Co's of N.J
West Jersey
West Jersey A Atlantic. 60
RAILROAD BUN1>».
AUegh.Val.— 7 3-10«. 'Be 116
1st mort., 63, 1922
Cent. Pk.N.A E.Riv.— Stk.
Consols. 7s, 1002
Chi i3fph'rS10th St.- Stk.
81
54'-i
—
Income
Itoulsvillo isvaus. <& St. L.
Preferred
ICaine Central
California South,— 1st, 6s.
2amort..2-6s
Mar. H. A Ont.— 1908,
1923,8s
Mexican Central ia
Kan. C. Vt. Scott & Mem .
K. C. Memph. A Birra. ..i{...
t
Ss
Mortgage, 6s
Tmst, 6s
Bnrl. A Mo. R. in Neb.
Exempt, 68
Non exempt, 6s
Land grant, 7s
(•lain,
Atohison <£ Toieka
62^ 62 Hi
B*3t3n &, Albany...
200 1200 >»!
iidscon A Lowell
159
Boston A Maine
176 :178
Boston A Providence
245
Boston Bov. B. A Lynn.
California southern
20
,
Central of Massachusetta
15 >a 16
Preferred
31
Cheshire, pref
105
§
Ohio. Burl. <t North'n
45
44
Chicago A West. Mich... { 30
Cleveland A Canton
,i
8S '"S'i
Preferred
30
Concord
}133
Connecticut & Pass
}
Sastem
....
76
.5,
8.
Nesqueboning Valley
Northern Central
North Pennsylvania
Central Crosstown— St'k..
Atch.
BAILKO.\D ?T0CK8.t
Ooll Trnat.
SECURITIES.
A T'p'a.-(Cont'd)—
Ask.
BOSTON
Atoh.
63 7( PhiL A R.— Ist M., 6s....
89
70
2d, 7s, 0. A r. 1893
70
71
Cons., 7s, coup., 1911 ..
65
Cons.,6s,g.,I.R.0.1911
72
Imp., 6s, g.. coup.. 1897
82
New gen., 4s, g., 1BS8..
62 Hi 52=8
Cons. Ss, 1st ser., 1922.
29Hi
Deferredincomes. on...
120
63=8
Scrip
95,626.0
95.017,0
TUntA
46
i
Lehigh Valley
Aak.
Bid.
Penn. AN. Y. Can.—78,' 9S 118
Phlla. A Erie—con. 63... 112
20'.
Little Schuylkill
A
XLVn,
SECURITIES.
Broad Top
$
I
394,053,6194,281,3 28, 090,8: 421,884, 3
393,706,4 92,460.7 27, 871,1 418,533, 6
394,410,990,063,1 28, 114,01 417,787, 4
393,974,1188,58-J,4'26, 700,9 414,902, 8
392.990.8:87,293,5,27, 935,8, 414,550,
Nov. 3
" 10
"
$
792,6
450,4
140,0
6,987,1
1,061,9
254,1
l,00O,0i
345,1
300,0,
1,500.0 4,0.S4,3
2,000,0i 1,730.2
100,2
210,0,
250,0
Central National
Second National
Ninth National.
First National
Third National
W. Y. Nafl Exchange
4.546,0
10,659,8
2,927,3
20,014.3
3,382.0
6,570.6
1.928,6
2,216,0
1,197.6
3,278.2
1,358,9
3,853,7
15,911,0
19,656,8
6,741,7
7,419.0
2,529.8
10.515.2
4.821,"
1,927,5
3,941,8
13.505,2
2,925,0
2,604,1
2,661.5
4.064.6
2.049.2
3.018.0
133,1
1,251,5
283,0
153,4
87,3
604,2
75,7
487.3
1,656,3
3,138,6
1,530,9
633,6
311,2
820,4
517,1
237.5
600,0i
600,0750,0;
600,0!
Kaesan
Market
••
$
2,560,0
1,891,0
1,683,2
1,444,0
3,040,7
1,057,0
5.980,8
542,7
9,161,5
594,0
12,15.1.1
228,9
600.0
ClUaens'
••
Deposits.
$
11,870,0
10,092,0
7,919,3
9.145.0
1,561,4
1,143.4
766,9
1,594,1
1,860,4
62H,2
2,253.5
300,0| 6,636.8
Iioatber Uannfaot'rs.
•'
LejKili.
Minehill
Meohanics*
Ajserica
Phanlx.
"
Specie,
$
S
2,000,0
Sferchants*
Bt
Xjoom,
Sitrpltt*.
omMed.)
of 2^ew York..
State of
.
[Vol,
Preferred
Baxks.
COOs
..
.
THE CHRONICLE.
620
17, 1888,
.
.
1
!
28
'
30
LouisA Chicago
Wstack,N
-SI
pref..........
Car. ''on 63
Js
...I
89ia
92
.
NOTEMRHR
1
. . .
...
.
..
..
.
....
..
'
.........
.'
THE CHRONICLE.
24, 1U88.]
Jnutstmcut
621
/M.
BoAoa.
Wttkorlt«\
1888.
AND
KanawhaA Ohio 2(1 wk Not
K.C.FtS.AHem latwkNov
e.023
m.om'
A
Klngst'n
i6i'.7ir7
7306
tontaUis extended tables of the Funded Debt of States and
Cities and of the Stocks and Bonds of Railroads and other
Companies. It is published on the last Saturday of every
»Oter month—viz., January. March, May, July, September and November, and is furnished without extra charge
to all regular stibscribers of the Chronicle.
Extra copies
are sold to subscribers of the CasomCLK at 60 cents each
and to others at |1 per copy.
t
wk Nov
Pcni
3.726
41,029
43,B88
17,»80
833,740
24.446
Kooxv. A Ohio Sopfmher
UOte E. A West 2d wk Nov
LehlKhAHnil.. Oololier.
.
LehAWUB.Coal Sept'mber.
Ia
Rook
A Mem UtwkNov
Ix>nK tilaiid
Ootober
La. AHo. RIT... August.
liOala.ET.Aat.L. 2<l wk Not
Loalsv.ANaahv. id
Loojr.A. AChto. 2d
Loolav.N.O.AT. 2d
id
.'d
Jd
70,032
iMtett E<iminft Reported.
Jan. 1 (o Latest
BOAJ>8.
Weekorilo
AUeghetiT Val. Sept'raher.
Atoh. T. k a. Ft'. Seiifiiilier.
Atlanta * Cliar. >'<fiit'ml)er.
Atlanta AW. Tt.. Siin'nilier.
1888,
1887.
S
S
188.021
Total
A Potomao
Beech Creek
October
. .
Scpt'mber.
October
..
Bafl.Koch.&Pltl lid wk Nov
Bar. C. Rap. & No. October
Cairo V. * Chlo 2dwk Nov
. .
OWL Southern
3d wk Oct.
'Camden <& Atl'c Sepfuiber.
Ouiadlan PaclHo 2d wk Nov
. .
685 1,483,5.51
l.-lll.S.'SO 1,506,261 ll,238i 992 13,631.173
114.972
124,357
934 888
910,319
31,802
39,395
280 ,541
274,102
.
2,495, 199
2,282,784
1.140,,500
755,,909
1,666,,324
2,274,,025
634,,637
1,263,,261
582,,688
11,295,,430
1,063.900
807,657
1,846,418
2,400,998
49,0'i!4
wk Nov
wk Nov
wk Nov
116331
133,970
69,512
43,271
330,85B
14,730
19,751
75,446
313,000
35,680
41,112
646,36
27,677
Central Pacitlc.
Central of 8. C.
Cent. Venuont..
Oharlest'n <!tSar
.
129,034
72,816
43,381
319,668
16,021
.
31,416
62.504
301,000
29,128-
54,483
784,702
30,072
997,120
267. 530
362,,248
4,895, 082
1,160,,308
9.709, 826
11,660, 230
1,154,509
572,782
9,772,435
222,851
351,114
4,381,961
1,109,494
8,515,839
9,809,429
63,325
Hept'mber. 1,438,173 1,325,237
Hept'mber.
8,585
10,115
74, 270
2d wk Nov
54,119
55,108
33.12.'yept'mber.
38.508
403, 140
362,012
Cberaw A Darl. Sept'niber
6,224
11.468
53, 991
55,708
Chee.4 0hio.... let wk Nov
81,770
93,083
Obeg.O. AS. W.. 3 wks Oct.
137,411
148,484 1,569, ,087 l,51.'i,163
Cbes. & Lenoir. Sepi'mtier.
6,064
6,539
57, ,082
48,260
Chic. A Atlantic. 2d wk Nov
39,03.'!
43,497 1,884
1,916,673
Cblo.Biirl. A No. Sepfuiber
195,792 173,062 1,S5S, 938 1,786,409
Cklc. Burl. &q.. Scpfmlier 2,475.144 2,464,924 16,588, 313 20.290,934
Chic. A East. fU.|2d wk Nov
45,789
49,048 1,857, ,207 1,7H8,897
Chlo. A rud. Coal ^d wk Nov
12,990
ll,710!
452,,055
363,927
Chic. Mil.A8t.P.|2d wk Nov
C2.\000 652.643,21,236, 500l21,4!l6,711
Cailc.it N'thw'n. (October ... 2,972,265 2,786,216 21,608 922122,298,973
Chlo. A Oh. Riv iOctobcr...
6,635
5,202
49, 3901
66,968
Olio. St. P. itK .C. i< )ctober
227,120 1,«69 975; 1,351,048
270,571
Clilo.8t.P.M.&O.IS<ept'nibcr.
650.802 702,189 4,601, 206 4,849.015
Chlo. A W. Mich.l2<l wk Nov
26,202
28,802 1.239. 453 1.238.300
Cln.Iud.8t.L.AC.'(<ept'inber
266,118 255,268 1,969,1:689 1,992.832
Ctn. Jack. A Mac. 2d wk Nov
10,095
8,527
468,.462
425,878
CIn.N. O. AT. P. 2dwk Nov
70,916 3,131 3651 2,89.^,242
64.003
Ala. Gt. South 2dwk Nov
30,150
34,920 1,299 8011 1,319,261
M.Orl. AN. E. 2d wk Nov
22,856
16,399
725, 130
579.232
Vlckab. & Mer. 2d wk Nov
14,56.->
15,638
391 609
459,633
Ticks. 8h. A P. 2d wk Nov
16,811
21,629
461 030
486,597
KrlanKSr 8.vst •2d wk Nov 14S,385 159,502 6,008 ,99,-)! 5,739,965
Oto.Rlch.&Ft,W. 2d wk Nov
6,687
8,509
352, 185'
364,715
Cln. 8el. & Mob.. Seiit'iuber
11,266
13,598
77, 1221
74,821
Ota.Wa«h.&Balt. 2dwk Nov
46,591
49,463 1.821, 440 1,910,076
Ckr.Akron ACol Istwk Nov
570,'906!
12,236
11,025
480.797
Olev. A Caut«n .Sept'mber.
38,192
233, ,914i
84,550
270,827
Olev.Col.C.AInd Sept'intjer.
432,868 4 43,352 3,167 ,343 3,305.254
Whole system. October ... 737,738 806,913 6,319 .942 6,573,185
OleT. A Marietta 2dwk Nov
5.686
7,317
240, 450|
266,131
Color. Midland.. Istwk Nov
20,388
1,124 787
OoL ACin. Mid. 2d wk Nov
"s'.isis
316, 4621
5,990
284,116
OoLHock.V.AT. 2dwk Nov
64,924
58,003 2,635,i,871 2,410,463
Denv. A Rio Or. 3d wk Nov 162,500 172,000 6,838, ,863 7,046,657
Denv. AR.O.W. 2d wk Nov
33,175
26,000 1,149,1872 1,004,223
Den.S.P'kAPac. Hcpt'mhcr. 105,711 130,818
831, ,264
982,848
Det.BayC.AAlp. October ...
38,201
33,487
395, 121'
404,573
I>et.I.aus'eANo. 2d wk Nov
20,163
23,014
895, ,950
998,473
DuluthS.S.AAU. Sept'mber.
ls3,3t<8
191,1108 1,074,1981 1,080,516
B.Teuu.Va.Aaa. 2<l wk Nov 113,971 114,850 4,834, 327 4,541,393
BTaus.A lud'phs 2d wk Nov
4,483
4,303
212,,211
205,831
Bvansv. AT. H. 2d wk Nov
14,908
16,691
742, <S86
753,062
IMnt A P. Marq. 2dwk Nov
42,388
49,555 3,087,1,695 2,247,-i31
rUkR.ANaT.Co. .August
58.717
64.153
674 748
667,775
»tW.ADen.Clty 1st wk Nov
593,433
29,921
22,245
882, ,870
Mi
.
;<
j
tWhole syst'ui.
Georgia Paclho
St. Rap. AInd...
Other lines
Grand Trank...
Gulf Col.<k S.Fe.
Hoas.dtTez.C«n.
October
. .
4thwkScpt
2d wk Nov
2d
230.000
52,585
40,662
wk Nov
3.544
399,318
Sept'mber.
349,608
Istwk Nov
95,608
Hnmeat'nASben October
17,000
IlLCen. (Ill.ASo October
1,807,416
CedarF.AMin. October ...
11.378;
Dub.481ouxC. October
94,860l
Ia.FaaBA8.C. October
79,467|
Iowa lines
October
185,705
Wk Nov. 10
Total all,
,Oct«l>er
Ind. Dec.* West. October
.
.
.
.
.
.
.
.
. .
1,273,121
36.307
wk» Oct.
8MA
. .
'2d
wk Nov
Ohio Southern
October
Ohio Val. of Ky. 1st wk Nov
Omaha A
.
8t. L.. .Sept'mber.
Oregon Imp. Co. Sept'mlwr
Oreg. R.AN.Co. OctolKT ..
Oreg. Short Line Sept'mber.
Penueylvanla, .. Sept'mber.
PcorlaUec.AEv. Istwk Nov
Sept'mber
Petersburg
Phlla.AErle....
Phlla.& Read'g.
Coal A Iron Co.
Tot both Go's..
Pltts.A West'm
P'rtRoy.ilAAug.
Pt. R'al A W.Car.
Sept'mber.
Sept'mber l,!>32,"83ll,96H,612 15.03 !.<•"' 10,0
Sept'mber 2.025.682 2,135,081 1
3,A39J
-'•t.843
Sept'nil>er 3,938,46.i 4,103,694
St wk Nov
40,994
38,8811
1,738^4
Sept'nilter
17,325
33,164
236,014
Sept'mber.
17,260
330.678
198
27,658
74
10,944
7,176
101,880
Prescott. A Ariz. October
631,047
Rlch.AAllegh'y. October
80,046
56,880
638,966
I
I
RAW.P.Ter.CoRich. A Dauv. October .
563,3C0 627.800 3,760.618 8,666,110
Ootober...
266,000 154.000 1336.766 138>-Jl|
October
741,827
115.750 109,238
«383l«
October
66.801
490,066
69,800
670,7«S
October .
036349
62,350
62.304
100,1W
Ootober
11300
101,806
12,200
61,173
95.393
October
10,900
10.168
October
1,000,300 941,300 7,242,893 6,788303
173,616
195,09!
RlolL & Peterg'g Sept'mber.
18,720
20,285
RomeW. AOg August..
363,362 347,774 2,152,276 3,036,Me
StL.A.AT.H.Bs. 'Jdwk Nov
796381
30.360
34.068
82,800
75,752 2.649,339
St. L. Ark. A Tex. 2d wk Nov
St.L.ASanFran.lldwk Nov 128,970 166,604 4,961313
St.PaulADiiluth October...
162,962 206,484 1,285,185 1,994,1S
St.P.MIn.&Man. October... 972,600 1,061,800; 7,485,971 6,6613V
S.Ant.A.Ar.Pass. 2d wk Nov
17,697
836,363
23,173
5793ro
600,457
Sept'mber.
72,836
77,768
Scioto Valley
423,131
67.957
462,075
66,638
Beab'rd A Roun. Sept'wl-er.
16.240
Seattle L.8.A E. October ...
743321
703363
SlicuandoahVal. Octolier...
75,000
96,043
836,438
b09.18e
South Carolina.. Dept'mber.
100388 142,367
Bo. PaclUc Co.—
Ual.Uar.AS.A. Sept'mber. 320.496 295,097 2.746,4«0
eor.eae
72,h36
690,213
Louls'a West. Sept'mber.
83,398
Morgan's LAT., Sept'mber. 388,908 375,838 3319,987
96.106
17,402
18.442
N. Y.T. ifeMoi..Sept'mber.
9173U
126,590 109.993 1.036,279
Tex. A N. Orl. LSepfmlier.
6.001 3*1
936.733 871.260 8389.0401
AUau'c system jSept'mbe(
'-"•'•-•
faetllc system Sept'ml>er. 3,138,088 2,540,547 26.933.414 20300.978
Sept'mber. 4,074,821 3,411,823 34,022,436 27,492,400
Total of all
Va. Mid. Dlv..
C. C. A A. IJlv.
Col. A Or. Dlv.
West. N. C. Dlv
W. O. A W.DIv.
Ash.&Sp. Dlv.
Total all
.
. .
.
.
.
. .
. .
. .
I
.
.
. .
So. Pac.
RR.— ..
No. Dlv. (Cal.) [Sepfmber
So. Dlv. (C8l.)j8cpt'mber.
Arizona Div.. Sept'mber.
New Mex. Dlv. Sept'mber.
Spar. Un. ACol. Sept'mber.
StatcnIa.Kap. 11 Ootober. ..
SummllBrauch Ootober...
SutroTunuel
Sept'mber.
Texas
210,830
663.162
146,074
69,723
A Pacillc. '2d wk Nov
Tol.A.A.AN..M'h('2dwk Novi
rol.AOhloCcut.]2dwk Nov|
.
. .
79,43*
83,719
62369
Wab. Western... :'2d wk Not| 100,a4»
704.967
Wab.,E. of Miss August.
08300
West N.Y. A Pa. '-id wk Novj
Weatem
{W<Mt Jerse;;. ... Hepfmber.
W.V.Oen.APlt» October...
Wheeling A L.E. 2d wk Nov
WU, CoL A Ang. Sept'mlier
wk Nov
n Wisconsin Gen. Jd
*
t
33.394
140t86«
of Ala. Sept'mber.
I
1,.594, 141
10.260
50.028
81.678
13
16,300
60.03^
Sepi'mber. 3,667,905
',^8,1
,'2d wk Nov
Tot. P. A West
Tol.8tL.AK.C Sept'mber
Union Pacluo
4.996371
12-2,173
70337
14312
1,384390
1.623,906
157,040
366,059
55,703
7,174
62,307
172,819
8,409
184.H08
12.303
23,765
21,643
45,062
3,743,980
55,308
127,013
703,158
33,4u0
47.158
136.«0«
40,300
7,643
60,605
131,877
14.976
158.007
Valley of OUlo..,C)ctol>er.
34,716
913,526
858,673
46,386 1,969,205 2,038,149
174,410
144,444
3,756
395,930 15,870,600 16,927,565
305,387 2,105,446 1,828,592
99,916 2,252,893 2,319,823
128.649
16,727
123.708
1,268,194 9,354.443 9.320.604
95,016
9,173
82.106
681,1-20
89,526
688.073
669,291
81,411
668.980
180,110 1,429,248 1,345,436
1,438,304 10,783,691 10.865,960
351.236
305,366
38,610
113.55.'
13,721
130i
81.407
642,642
3,534,900 29,288,401 393103
2,411,831 17,666,146 17.3403
484.232 3,924,202 8,710,071
15.376
28.678 1,488,437 l,356",5<f6
131.469 1,193,607 1,1 29,636
103,989 4,234,833 3.012.834
449,083
64369
399,555
462.632 4,628.897 4,679.P406,803 16.638,464 11,841
93,823 3,329.352 3.633
412,257
9,567
320,|
61,129
467,729
472,?
110,718
2,801
83/
36,631
288,739
309,1
362.443 3,724.097 2,971,4
615.046 5.237,373 4,220,8
182.672 1,896,126 1,474,909
5,006368 43360,976 41,068,674
14.749
28,179
315,850
339,523 3,262,519 2.971
4th wk Oct
2d wk Nov
October
2d wk Nov
N'theastm (S.C.I Sept'mber.
NortliernCenfl. Hopt'mber
Northern I'aciUi' 2d wk Nov
OhloAMlss
2d wk Nov
N. Y.ANortheri)
N.Y. Ont. AW...
N.Y.8U8.A W...
Norfolk A West
.
605,457
139.337 1 .668.989 1.2834
76,943 3,231,B7« 9,05
49,678 2,945,141
31.420
1)32,809
83 .,
146,017 1,120,625 1,2171
231,421 5,18.5,458 6,1523
186,169 2,302,992 2,397J
262.480 1,991,280 2,036,7
263.024 2,57-. .'i-'4 2,620^
Mobde A Ohio October...
Nash. Ch.ASLL. October ...
Natchez JacAC 3 wk« Oct.
New Brunswlek. Sepfmber
N.Y.Cen.AH.R October. ..
N.Y. L. E. AW.. August
N.Y.ANewEng. Sept'mber.
OhIoKiver
1,867,946 1,948,287
Op.F'r&Yad.Val October
OaroUnaCent... Sept'iiiber.
Cen.RR.iBg.Co. Sej>t'iuber.
Central Iowa
lyt wk Nov
Centralof N. J.. .Sept'iuber. 1.32.S,212
.
1887.
180.959 1,51
Atlantic A I'iio.. l'<1 wk Nov
78.023
63.3»»
B.&O.Eaist.IJneS|( ictobcr ... 1,404.046 1,480.531
Western Lines. Octolior... 403,900 467,753
B«lt.
1888.
DaU
»3
a.H90
.
.
RAILROAD EARNINGS.
361.7B4
47361
8epl'mbcr
The General Quotations of Stocks and Bonds, occupying
Wk Nov. 3.
six pages of the Chronicle, are now published on the
3d wk Nov
Milwaukee
A
No
-2dwk
Nov
tliird Sutnrday of each month.
MInneap.ABt. L. October
~ Mo. Kau A Tex. 4tb wk Oct
Int AOt.N'rth 2
f
8633M
116379
•Jdwk Not
,
1(16,
68.436
21.638
340,010
wk Nov
wk Nov
wk Not
Octolier
210.0-0
t66,0«fl
Lrken* Valley. October...
&Ur.Col.A Vor>n
KemiiblaAChas.
;Mexican Cent
OuHd'Jara Br.
San Luis III V.
;Mex.N. (alllns)
iHexlcanBallwy
Mtl.L.Sb.AWeat
lMf7.
3,312
,li
The Investors' Suppleme3IT, a pamphlet of 183 pages,
laum Am*.
1 I*
1888.
•
Kan. C.Cl.ASp Istwk Nov
K. C.Wy.AN. W. Istwk Nov
Kentucky (V-nt <><'iober ..
Kiwikuk
WcHt Jd wk Nov
§lailvaadl lutelligettce.
1887.
640,478
60.104
756, 12'.'
71,6'24
763472
803,639
1,231,832
342,80?
6368.14«i
680,023
1,0M.636
180.372
461^g
1,043,673
778,449
21,W3'.«Si'30.78i"3«
666.333
517,744
4.960.960 5.63738
1
4,138.-i32|
4,434jii
3,772,406 3,4aC|Tf
330370
317,4171
i.i«7jaa
i.24i.7<r;(
635.707;
318,M1
8.S4«,66»j
S3«73te
1S.M»
1^
; Maxtoaa aamnerAnd braaohea.
Includes whole tystem from Port Worth to Doover. hot no»
on joint tra<^k— Pueblo to Trinidad.
..
.
.
—
——
.
Latest Gross Earnings by Weeks.—The latest weekly
earnings in the foregoing table are separately summed up
as follows.
We again have an unfavorable
there being a decrease of 4'18
cluded in our statement.
week of November.
Central Vermont
Chicago & Atlantic
Chicago & East. Ills
Olilcafro & Ind. Coal
Chicago AIU. & St. Paul. .
Gt. Southern
New Orleans * N. E
Vlcksburg & Meridian..
Vlckshiirg Shrev. & Pac.
Cincinnati flieh. & Ft. W.
On. Wash. &. Bait
Cleveland & Marietta
Col. & Cin. Midland
H. Val. & Toledo
Denver & Rio Grande ....
Denver & R. Grande West.
Detroit Lans. & North
Col.
H
Ind
lines
Kanawha & Ohio
Keokuk A; Western
Kingston* Pembroke
Lake Erie & Western
...
Louisv. Evans. & St. L...
ioolsvilif & Nashville
loulsvlllc N Alb. & Chic.
Louisville N. O.
&
Texas
Memphis & Charleston.
Mexican Central
Milwaukee L. 8h. & West.
Milwaukee & Northern...
New York Ont. & West...
& Western
Korthern Pacitic
Ohio & Mississippi
Ohio River
Korlolk
Bt. L.
43,2711
43.381
16.021
Alt.A T.H.,>)ranches
Bt Louis Ark. & Texas.
Bt. Louis & San Fran
Ban Antonio & Ar. Pass.
Texas &Pacillc
Toledo A. A. & No. Mich
Toledo & Ohio Central
Tol. Peoria A Western...
Wabash Western
Western N. Y. & Penn ..
Wheeling & Lake Ene...
Wlsoonsln Central
.
Total (59 roads!
4,077.340
Net decrease (118
14,624
""'989
Ap. 1 toOct.31,7M.Net...
Bay C. & Alpena.Gross.
Det.
Net...
Gross.
Net...
Pitts. .Gross.
Net...
'Mexican Central
W. Va.
Cen.
&
Koads.
Central Pacific.
On.
4,770
"i',073
4,818
1,822
2,872
1.631
2,195
58,<'03
6,921
177,300
26,000
23.014
7,175
30,S00
2,151
879
114,8.50
180
4,303
16.691
'i',7'83
7,167
5,724
49,.555:
46,386
3.7.6
6,022
7,305
2,725
42,688
21.638
349,610
47,351
70,032
49.624
115.331
53,508
21,420
28.678
103.9-9
406. 803
93.823
212
941
749
99
7,282
471
7,637
33,^10
Ind. St. L.
&
C. Groiis.
Net...
24,0«8
75.752
150,504
17,697
184,908
7,048
'5,476
1,919
2,348
12.5!)3
25,765
21,643
127,013
53,400
15,100
15,846
414
5,343
20,364
83,719
134,256
.
1887
>
61 088.
S
Net...
New Brunswick
Julj 1 to Sept. 30
3 months
.Gross.
Net...
I
J
311,908
177,652
to Oct. 31.
$
113,610
1887.
$
73,8.53
38,201
11,792
444,216
—
260,118
92,325
721,272
301,257
406,628
152,591
.
;
,325,23711 ,660,230 9,809,429
640,234 4; 768,480 4,6S3,920
255,268 1 ,966,689 1,902,832
101,937
726,931
774,079
704,7^5
707,105
250,703
285,867
753,551
,6i3,663 5,721,292
336,779
,830,394 2.347,048
504.481
,049,690 3,75/'>,349
191,057
,362,366 1,029,883
44,671
18,471
41,029
14,745
86,238
35,908
81,407
32,111
..
447,381
361,794
150,0i3
124,434
49,553
642,642
1,370,4M4
470,612
333,107
]02,.'<67
120,686
:i4,653
590,129
240,705
78,286
227,751
82,508
157,040 l,523,'-06
70,708
693,778
256,059 4,995,971
29,183 1,230,663
1,284.62)
590,531
2,934,204
919,212
Southern Pacific RR.
North. Div.'.Cal
Gross.
Net
1
South. Dlv.,Cal.
..
Gioss.
Net.
.
1,!^94,141
1,209,491
296,925
756,122
211,410
510,010
540,478
243,209
210,830
113,283
563,162
157,302
Baltimore & Ohio Railroad.
the year ending Sept. 30, 1888.^
1
to
it.
On
subsequent pagps will be found the principil parts of
Mr. Spencer's Baltimore & Ohio report, with extended tables
of e.rnings,
,
editorial
with 1886-87
:
Earnings, 1886-87.
—
,
Net.
.
Earnings, 1887-88
Gross.
—
Net.
$11,201,348 $4,343,343 $10,616,692 $4,177,046
Main Stem. eto
380,400
291,561
386,701
304,419
Washinston Branch...
Parkeraburg Branch...
Central Oliio Division.
..
Lalie Erie Division
Chicairo Division
Pittsburg Division
Wheelingand Pitt. Div.
Philadelphia Division.
Newk Somerset &Stle
676,830
88,957
1.283,526
530,368
1,080.463
291,864
81,122
2,070.033
2,599,074 1.004,264
405.610 dot 13,930
718,741 def. 76,220
183,010
2,575
631,3/9
1,199,282
1.083,096
2,139,417
2,544.963
530,370
925,125
241,461
110,176
2-il,187
19^.966
164.340
840,104
13,241
46.050
13,107
$20,659,036 $6,538,904 $20,353,491 $6,152,930
Totals
New York & New England
(For
The report
the year
ending Sept.
Rallrond.
30, 1888.^1
Mr J. A. Bostwiek, says:
management of the road has had
of the President,
" During the past year the
very much to contend with. A large loss was incurred in
consequence of the severe snow-storm in Mirch, which blockaded the road for almost a wefk, causing a very large expense
for clearing the tracks and injury to the motive power, and a
much greater loss consequent upon the inability to transact
business during the time iha'; the road was so onstructed.
The exact loss to the revenue of the Company cannot be accurately ascertained, but the loss is approxim^itely estimated at
.
,394.0516
Gross.
Net
Jan. 1
1888.
fFor
dross.
395,121
404,573
146,171
179,556
4,613,017 3,878,435
17c',210 1,780,127 1,670,596
49,265
535,707
318,941
16,640
167,575
106,870
September.
Jan. 1 to Sept. 30
18»8.
1887.
188^.
1S87
'_
July 1 to Sept. 30
3 months
S
ANNUAL KnPORTS.
.
2,041
4,254,992
38,487
13,724
445,914
207,614
70,337
18,593
;
Net...
East Tcnn. Va. & Ga. Gross.
Net...
July 1 to Sept. .-O) Gross.
3 months
Net...
5
KnoxviUe & Ohio ... Gross.
Net...
.
1887.
expenses, financial condition, <S;c and in the
columns of the Chronicle comments upon the salient
"3',80'j
features of the report are mI.-o made.
On account of differences in tne method of compiling statis27.534
tics, it is not practicable to compare t*ie late fi-.cal year in
every department with the reports for previous ytars, but the
'26'.90"i
following table showc the gross and Det earnings of the main
stem and its branches and of the other divisions, as compared
13,971
"2.744
9,567
11,114
.Gross. 1,438,173
Net...
616,065
July 1 to Sept. 30 Gross.
3 months
Net...
Denv. & Elo Grande. Gro.ss.
30
to Sept.
$
well be directe
"6,913
'6A5
p. o)
Co. Net...
25, '.'80
Jan. 1
1888.
"i".O40
'27,643
2,600
1,568
7,317
8,185
1888.
It.
36,149
55,703
.
1,326
4,318
42,610
9,726
4,620
12.758
18,702
1,280
Roarla.
&
146.074
l^.SSo
69,723
23,564
,
S
123,173
The annual report of this company for the late fiscal year is
the mist complete report ever issued by it. The Prf sident, Mr,
Samuel Spencer, having come into the management of the
company aft-r its affairs had become somewhat involved, haa
pursued the wiee course of making up the mo?t thorough exhibit possible in regard to its property, income, obligations
and general fioancial condition.
This course of action cannot be spoken of too highly, and
in this c naection it is worth while to meation the remaikable
improvement introduced into the management of several of
our principal railroad corporations by new officers coming
into charge of them. Mr. Adams, in Union Pacific, first made
a gratifying reforni by publi^hini; full and admirable rep rts,
not only yearly, but semiannually. Mr. Norton, in Louisville
& Nashville, has pursued the same method. Then came Mr.
Blind, in S . Paul, shortly after the regime of Mr. Wadsworth, and published a belter annual report; than the shareholders had received for years, and if he had ha t full control
would alsi, we believe, have continued to give out the monthly net earnirg-), for the suppression of which in 1888 the comp ny was so much criticized. Now, Mr. Spencer, coming into
Baltimore & Ohio us su'-cessor to the rather autocratic and
personal man.igement of Mr. Garrett, signalizes his advent by
giving out to stockholders and the public as cimpletH a showing up of the company's affairs as can well be pr^'pared In the
space of a pamphlet report. Tais is a sitisfac ory and hopeful
tendency in our corporation management, and ihe attention
of Wall Streirt and also of English stock and bond holders may
4,462
3,259
October.
Coal
.Gross.
Net...
Mexico Div. .Gross.
Net...
no
—
& H.
$
1,235
12,000
Net Earnings Monthly to Latest Dates. The tables follow
ing show the latest net earnings reported this week, the
returns for each road being published here as soon as received,
but not kept standing from week to week. The figures cover
the latest month and the totils from January 1, and also the
totals for the fiscal year on those companies whose fiscal year
does not correspond with the calendar vear.
C.
—
September.
1888,
1887.
Decrease.
Increase,
301.000
55.108
43.497
49,048
11,710
652,643
28.802
8,527
70.916
34.920
16.399
15,638
21,629
8,509
49,463
33.175
20.863
113,971
4,483
14.908
42,388
40,662
3.544
5,081
6,556
2,824
41.362
17,320
307,000
37.625
65.412
36,868
96,629
60,790
20,380
29,152
111.626
440,313,
79,852
12.311
20,260
82,800
128.970
23,173
153,007
14,512
28,113
16,300
106,649
68,500
16,260
81,678
EvansTllle A Indianap...
Evansville &T.
Flint i Pere Marquette..
ife
9
63.399
146,.500
EastTenn. Va.& Ga
Other
1887.
a
78,023
12,9 O
625,000
26,202
10,095
64,003
30,150
22,856
14,565
16.811
6,687
46.591
5,686
5.990
64.924
Chlcasro & West Mich
Cincinnati Jack. & Mack.
Cln. N. O. & Texas Pac...
[Vol. XLVII.
Roads.
Arizona. Div
New
,
Approximate for October, 18?8.
14.736
313,000
54.119
39,035
45,789
Canadian Pacltlo
Grand Rapids
comparison with last year,
per cent on the 59 roads in-
1888.
Atlantic & Pacific
Buffalo Roch. & Pittsbure.
Cairo Vm.& Chic
Alabama
——
THE CHRONICLE.
B22
J2<f
—
$60,000.
'•
The ratesi upon though freight, both eastward and westward, during the last six months of the fiscal year have been
very low, wtiich has in consequence affected the net earnings
very materially, it being estimated by the Vice-President that
the loss of net earnings from this source has amounted to
1128.000.
'•
The condition of the road and equipment when it came
into the hands of the present manajiement was such that it
has requiied, during ihe last t*o years, very large outlays
improvement of its tracks, badges and equipment.
for th
Much of this work has bten done, the charges f.>r which have
greatly swelled the operating expens s, bu'. your road is now
in better condiiion than ever before, and ti e expendituns in
this diredioii will be far le-s in the future than they have
been during the pas^t year. Thi re ytt remains, however, considerable work to be doiie in the renewal of bridges, filling of
tresihs aud the improvement of station f cilities. It has
bten deemed wise by your board to u-^eits resources inimproving the condition of the road and increasing its equipment,
and thus increase its money-earning power. To accomplish
Ibis the board has authorized the sale of the second moitgaste
bonds remaining unsold amounting to $839,000, which have
•
;
:
NOVBMBRR
THE CHKONtCLK.
34, ItK<8.1'
been <li«,>o8ed of durinR tho past year, and in
a.ldition
your bo >ra han authorised the sale of 3.500
of
d
took, which was sold at a price averaKiuK aboutpreferr
i
share
The ro»ult« of thi8 policy will undoubto'liVUS dw
favorably lo ttie future m na inoroaae of both
(he HroMi »nd
netearnin^H. Tho fuMKht and passenRer traffic
have very
largely inireHsed during the paat year." •
•
•
"The boiird has authoriz-Ki and your omceni have
entered
into H contract between this compiny and
the Hudiion Susper«ion Bridge & New England Railway
Co-npany for the
conBtruotion of a guspenston bridge aoroee the
riud«on River
four miles alwve IVekskill, ana of raniiectinif
roads in either
direction to conn, ct your comoany'H roid
with the roaifl
west of the Hudson River. We believe this lo
be a very
,,
important addition
to tho taciliiies for increafling ihe future
growtli of th»< busineas of your road. T lia
contract will lie
submitted for your approval at the Bnnual meeiitig " » • •
With the RockvilleRiilroad Company a contract has
been
made
'"« P>'/ohasH of its property and frnnchise for
the
sum ofJ"!;1100,000. to he paid in 6 percent bonds whenever
authorize I Oy legiflation. "This contract will be
submitted for
your ratiticitioii and approval at ihe annual inoeting "
The N.irwich & Worcester Railroad's operations are
included
below in the year 1887-3 only.
all
ham
Z^
.
The
of operations, earnings, etc., for four
yean
'""'"'''•'^ "'^ Norwich* Worcester Riilroad
*''*,SS-"J'**'^''
in looi-o
statistics
Miles owued
Miles Ih'd andcoQTd.
1884-85.
1885-86.
326
79
1886-87.
328
79
1887-88.
334
301
129
71
Total operated...
403
405
405
490
OPERATIO.NS AND FISCAL SEStTT.TS.
OperalioM18SI-85.
1885-86.
1886-87
1887-88.
Paaseugersoarrtetl..
4,616.014
3.240,906
5,698 794
6,853,379
FssseiiKor mllBaife. 5H.015,4>J8 63.STj,47ll 66,3 •0.777
83,319,203
Rat<« piTpiissp. Ill
1-95 <!ts.
202 cts.
20'i OM
2-12 ots.
PrelKjit (t.)iis) moT'd
1.715.461
2,09<.»,340
2,225,141
* 0,0 ,o..
2,648,780
ITelKht (toii«) mU'Ke.l07,<,39,953 135,470,333 152,739 575
200 833488
Av. ratep toup. m.. l-7o»ota.
l-673ot8,
1-63 cts.
1-56 vtH.
—
.
Earninus
9
P»s«i'ni?ers
Freight
Mail, express,
Ao
..
Total gross earns.
Up. exp"D. di taxes
Net earntnKs
P.c. of op. ex.<Sceai-n.
$
f
1,139,916
1,850.268
298,764
1,296,896
2,263,479
304.bl9
27^516
1.768.814
3.137,84S
361.749
3,288,9 1 J
2,301,715
3,8ti3,994
2,b20.i:03
4,151,917
2,918,314
5,268.40S
3,740,602
987,i31
«9-98
1,243,389
67-82
1.233,603
1.518.806
7c -JO
7117
1,380,488
2,485,913
iKcoMB Accomrr.
1884.8.').
Reeeipta—
1885-86.
$
Net earnlnits...
Other receipts.
987,231
23,473
Total income
lyuthnrsenients—
1,010,704
$
1,243,389
33,411
1,278,800
$
Rentals paid
130,132
933,221
28,769
32,041
lutereat on bonds*...
Int. on lloatingdebt.
Int.011 car tr'8's 4 ini«.
7 p. c. div. on pr. 8t*k
1886-87.
1887-88.
*
IB
1,29.4.371
1,523,819
66,636
961,077
353.744
987,871
S
66,235
964,629
94.'269
9,507
133,000
"9,548
'ii',36;
135,975
139,416
Tot'ldisb'ments.
1,124,163
1,267,0.0
1,17-2,^31 1,492,398
113,459 sur. ll,16Jsar.I27,1408ur 31,4 1
* Inoludln
ag Interest on cost of Boston Terminal lanl.'i and aUo full ineresi on o.in1 U, wlietli r paid oi- nou
Balance
Jl
def.
East Teuiiessee Tlrginla 6 Georghi Railway.
fFor the year ending June 30, 1888^.
The report of the President, M'-. Samuf 1 Thomas, states that
the gross earnings from pissengerand freight traffle increased
largely over the preceding year. Tae average rate of revenue,
per ptssenger and freight per ton per mile .decreased, wbde
the number of passengers and tonnage transp >rted has been
largely incrpaaed.
Of tlie bonds remaining in the treasury at the date of the
last reporr, the proceeds of wnica were applicabl to the purchase of equipment and betterments of tha property, |i)'J0,460
have been sjld, with th^ exc -piion of thy $460 -crip, and ihe
amount realized, 1358,337, placed to the credit of the company.
'•Tne absolute necessity for large additions to the equipment of the company, as well as improved faoililies for doing
business along the lines of your road and at terminal points,
in addition to maintaining tht? pjlicy of the management, in
filling up all openings with permanent bank as rapidly as the
wooden structures became unsafe, male it imp rative th it
some plan be adopted to provide the nece-sary fun s without
absorbing the total net earnings after the payment of the
fixed charges.
"Throughout the South, and esp'cially along the lines of
this company, improvements and developments of all kinds
are going on at a rapid r .te. yielding a large additional trafti
that demands ace .>mmodation which your company cannot
year on a direot llnee..t.'
..itI^S
m.rtgage authorizing your companr
to Imq*
extent of fiO.OOO ,H,r mile for the7"«hW^° hon^i. ^!S!
»'''«. "l-on th« parehaM of the
wSifai?
m^^pTfi
V"'of «hirh
Rilge
Railroad,
f 000,000 of bonds were taaed
and nearly all the p-oce«U. uMd in
iS
sold,
atructing that line.
Of
JiJf^
p^rl^roT^^
rem»lM laX
this $1,000,000 t&si^
"'"•'^
$70'377i„''c,lh''"''"™''r>
"' '*»'*• "«' *
^^^^
C>mo*nyha8 completei
»'*''''''« '^•'^'''°'"''''*°»
Ita
9",'"°''c"on with .he r<«d from
i'"''^"«"' "
^'^L^"^ h,« b.en op«ed for traffic .ioM
?n r ?,f oJ Th1'*"'
'"'"•
'^*"'«
unprecedented flooti aod
K^ ''''*.in construction,
many obstacles
work was d^ilayed beyond aS
expec ation, and the cost to complete the
road has exceeded
^«te„M'"
^
i.L
C"""?'"/ needed financial asslstanoTia
aliH.n".?;'!;
addition to thatJ^'
which was granted heretofore in theendon^
ment snl guarantee of the $3,000,000 bonds
and in vlewrf
,* u"",'"?."'"'* ownership of your compny in the capital
stock
of this company, your B lard has from
time
made temporary advances, whiih now amount to to tita»
338
A large part of this will be repaid from the sale $4M
of boodfl
retnaining in the treasury of tnat company
but in all proba.
;
bilityto properly equip the lin » for businesiand
mike the
needed additions to the property and rep»y advanoea
to roar
ooinpany, a second mortgage bond of $.5,000 per mile
mint be
authorized .at an early date." » » »
"The minority stockholders of the Memphis
Charleston
R. R. company have for s >me time complained
of the East
Tenneswe Virginia
(Jeorgia Riilway Company, and h^ve
as«ume<l ttiat your company, in voting the majority
of the
stocH was not actuated hy a desire t> secure a
gool and
impartial management. Your Board secure 1 an
injunction
against this small faction conducting an election vnen
the
large majority of owners was not represiuted. The
propertr
has been mamged by the officers sele-ted by the Board
In
existence at the date of cancellation of the lease, a large
;
&
&
number of whom have no
am
interest
wha'ever in your oompanr.
glad to report that, so far as your officers have had an
opportunity to observe the management, u has been economical and trus to the interests of th-i Memphii & Charleston
R. R., and while you may have expected some returns upon
your large investment in the stocft of that company, the
expenditures for steel rails, sidings, depots and necessary
improvements have absorbed all the net eirnings, and if some
plan such as that already proposed for your company is not
adopted to fund such expenditures in an Improvem-^nc B)nd,
jou cannot hope to receive, for some years, the return upon
your investment which a wige businens policy would secure."
The statistics, compiled for the Crroniolb, are as follows:
OPERATIOKS AND FISCAL KESULTS.
1384-85.
188V8e.
1886-87.
Tot.miles op. Jane 30
1,032
1,012
1,032
Operaiiotit—
Piisi carried No
830 196
Passenger mileage.. 40,377.224 38,655,754 43,765,468
Kato iH^r p u^ft. per m
2-53 cts.
2-54 oto.
2 53 cts.
Freight car'd (tons)
1,946.930
FrciKliKton )mlle'ge 20 1, 701,7.50 221,906,324 294,67/,5iJl
Kate per ton p. mile
ll»ci8.
114 cts.
1-03 ots.
Earning!—
$
Passeoger
Freight
Mall, express.
$
1,020.922
2,407,463
1887-88.
1,069>
894,341
48,B89,62«
2-49 ots.
2,364.900
375,915,9M
0-97 ou.
$
$
9-*0,013
l,0i.-i.936
1.2rt).743
3,031,179
251.066
3,630,213
2)8,963
..to...
265,472
2,544,706
253,493
Total gross eam'gs
3,693,857
3,778,292
4,368,181
5,109.917
553,180
167.212
801,616
819,467
163,695
551,610
166,905
768,356
747,729
169,713
789,913
217,163
826,038
868,260
199,403
1,072,543
2,504,170
1,189,687
2,401,313
1,373,979
113,235
2.901.229
1,486,932
113,463
3,266,533
1,813,379
126,700
1,28>,744
1,354.499
1,716,679
63-63
66-43
ea-M
OperaUiw expentea—
1
furnish. The best manage 1 railroad companies have found
the plan of funding all ezp^ndituris for additional equipment
and improvement-^ yearly, instead of relying upon surplus
earnings, the most satisfac'ory 1
With
the stockholders.
these views in mind, your Board has prep<ared a bon 1 and
mortgage to be called an Improvemeni and E>}uipment Bond
and Mortgage, which will b<3C0me a second mortgage upon
the entire property of your company, not to exceed $6,000,000
in amount, to be used only as necessity requirts."
• *
."^T
co^^Sm^
Rtllroa.) this
I
1,233,603 1,518,806
65,768
5,013
«23
meot of a l«r,*. c «! tArritirv vUm vuii- n-w..^.
won with th. Cincinnati fim7h.rJViiT,^^V*/,^^''2:X
• p«rtof th«Kioxv,i|., * OM. RttT^l" r" '../",'• r'f'"
'•»
Ihvdlrect l.im I.hat
hat mu>t
mu.t soon b*
K- b>iiU
k •..V.' "P^'i*"' ''.?>
Muint'oe of wiy-, &o.
Mainteoanoo of otrs
TranHportation cxp.
Motive power
General".
Total
Neteamings
Dodaottaxes
Balance
639,38S
314.017
989,383
231,413
Per
ot. of op. ex. to
earn., ex. of taxes.
'
67-79
Of tills mileage, 37 miles were not opened for trafflo until Jnne, 1888.
INCOME Accomrr for teaks endlvo jtricB 30.
Rtetiptt-
18S6-87.
$1,3.54,489
Neteamings
Hlsoelluneous receipts
Total net Income
1887-88.
$1,716,679
7,H»«
91,354,489
$1,723335
$833,343
(4V)440,000
$1,086,998
(5Hl 5M.009
16,196
$1,873343
•1.63S.I48
$70,686
DUburtemenu—
Interest on bonds
Dividend on latpref. stock
Mlsoellaneons
1
" Of the new lines under way at the date of the last annual
report, the Walden's Ridge Railroad, with branches in the coal
fields aijout fifty miles in length
hai been completed and
opened for business. This road, in addition to the develop-
—
—
ToUldinbiirsementa....
Balanoe, surplus for year
Hemphis
$81,149
ft
Charleston Kailroa4.
the year ending June 80, 1888.^
The report of the President, Mr. C. M. McObee, statea thai
the large increase of the company's earnings is a gratifytnic
evidence of the continuous growth of the material reaooroas
of the country tributary to this road, and of the Sooth gener-
fFor
:
THE CHRONICLE.
624
Ab compared with the results of the preceding year,
the gross earaings ehow an increase of fl58,960'01— equal
to 9'51 per cent; and the net earnings an increase of
$88, 477 -IS— equal to 21-51 per cent. The increase in freight
was in the local traflSc; the through traffic shows a material
decrease both in the Tolume and the rate p«r ten per
mile, due mainly to the diminution of freight received from
the Kansas City Springfield & Memphis Railroad. The average earningB per ton per mile of local and through freights
were 0-]96 cents, or about the same as for the preceding year.
" It will ke seen by the General Manager's report that the
company will have to make largo expenditures during the
present year in rebuilding a portion of its bridge over the
Tennefsee River at Florence to meet the requirements of the
ally.
United States Government; in renewing other bridges, conBtruclirg new paesenger and freight stations at TuBCumbia
Sheffield and Florence; in adding new sidings and in building
shops at Sheffield. It is estimated that f 262,500 will be required for these purposes, to which sum should be added at
least $123,000 for equipment that is needed to meet the requirements of the company's growing traffic." * » *
On the 22d day of October, 1887, William Henry Woods
and others filed a bill of complaint at Huntsville, Ala.,
against the Memphis & Charleston Railroad Company and
others, and obtained an injunction therein restraining and
prohibiting the Fiast Tennessee Virginia & Georgia Railway
Company, its directors, officers, agents and servants, from voting any and all stock standing in the name of the said East
Tennessee Virginia & Georgia Railway Company on the
books of the Memphis & Charleston Railroad Company, and
especially from voting upon 106,261 shares of said stock acquired by eaid railroad company and held by the Central
Trust Company of New York.
" In consequence of this injunction, the last regular annual
xaeeting of the stockholders could not take place. The injunction and restraining order still remain, and are in full
force and effect."
Operations, earnings, income and charges, are shown in the
cximparative table below, compiled for the Chronicle.
OI'ERATIONS.
1885-88.
Boad operated June 30
330
1886-87.
1887-88.
330
330
Passengers carried one mile
17,618,881 20,531,288 24,130,997
2-420 cts.
2'475 ets.
2"430ct9.
Rate per passenKer per mile
Freight (lone) earried one mile.... 68,157,521 84,412,951 91,245,11)
1-196 cts.
1-194
per
per
mile
I'lSl
ion
cts.
ct8.
Kate
EAHKUIGS AND EXPEK8E8.
Earnings—
1886-87.
Pl.O 8,110
509,189
23,517
37,391
28,565
585,f)05
$1,323,529
$1,606,772
$1,759,731
Eipress
United States mall
MiBoe^Lineous
Total
Operating txpenect—
Conducting transportation...
1887-g8.
$1,091,425
1885-86.
*80o.l07
4b6.174
17,337
37.391
27,520
Preight
Passengera
26,211
36,679
19,911
$335,150
22S,803
65,480
196,190
69,756
41,835
$449,403
35».113
126,676
204,932
71,124
48,724
$392,363
250,700
148,628
3CK).134
58,640
45,026
$337,214 $1,195,491
$386,315
$411,281
67-65
71-80
INCOME ACCOUNT.
Total
Ket earnings
P. c. op. ex. to earn*, (exol. taxes).
$1,259,974
$499,757
68-67
Bteeipls-
1885-86.
1888-87.
1887-88.
$386,315
$411,281
8,250
$490,757
794
Mlsoellaneoua
Total
—
Interest on bonds
Cartruets
MisceUaneous
Total
Balance
$386,315
$419,531
$500,551
$336,913
65,262
$376,960
$380,690
18.547
4,002
16,682
$402,175
$399,509
$397,372
def.$15,860 8ur.$20,022 su.$103,17e
Buffalo Rochester
(For
Some time
in
the year
&
Pittsburg Railroad.
ending Sept.
80, 1883.^
advance of the publication of the annual
report the Chromiclb has the following statement for the
late fiscal year:
OrosB income
Operating expenses
Net earnings
1885-6.
1886-7.
1887-8.
$1,393,012
1,002,656
$1,994,120
1,399,386
$2,032,091
$390,356
$594,734
$520,343
3.^2,106
56,128
353,910
68,505
416,550
114.786
$408,234
$422,415
$531,is6
Deduct :
Interest on bonds
and car trusts.
Bentals and miscellaneous
Total
*1,M1,748
Def. $17,878 8ur.$172,319 Df.*$10,903
Of the operating expenses, $20,074 are extraordinary and belong
to previous years, wliich would cUange the deficit In 1887-8 to a surplus
«t $9,081.
Edison Electric Light Co.
fFor the year ending Sept 30, 1S89.J
The annual report of Mr. Edward H. Johnson, President,
states that in some respects the past year has been a marked
one, for although the company has experienc:!d the keenest
competition from infringing companies it has transacted the
largest business in any one year since its organization. The
character of business has somewhat changed during the past
year. The illuminating companies in a majority of the
. larger cities
having already commenced the construction of
*
XL\n.
their central station plants, of necessity fewer new crmpaniea
have been organized upon the stock baeis, which applies especially to the large cities.
On Ihe other hand, the businees of
celling central station plants on a cash bssis in the smaller
towns hes incieased with great rapidity. The great improvements in the lamp made by Mr. Edison, by which there are
secured twelve lam|:s per horse power where heretofore only
eight could be obtained, is most important. By the introduction of this new lamp the capacity of every central station
adopting it has been increased 50 per cent without any expenditure for additional apparatus, thus enabling them to
increase their cutput, and ccnEeqnently their earnings in a
like ratio.
In isolated plants the effect has been none the lees
bemficiiil, as any given dynamo can now operate 60 per cent
more than its previous rated capacity.
BtJMMAItY OF TOTAL BUSINESS TO DATE.
Total number Of Ifolated plants sold to date
Total lamp capacity of same
Total lumber of cash stations sold to date
Total lamp capacity of same
Total number of Block stations organized to date
PreEcnt actual lamp capacity of .same
Grand total of dj uamo lamp capacity of i:diEon plants
operation in tlie United States (aiiprcximately)
I,
1,291
343,654
117
87,640
68
298,200
now
in
729,494
The report says: "Our cash revenue has been more than
sufficient to meet all expenses of cur businecs, including
patent litigation, without encroaching upon our capital
account or reserve funds, so that the stock received in payment for licenses granted to local companies represents actual
additions to the assets of the company without any corresponding expenditures. The actual amount of cash received
during the year, from dividends on investments, lamn
royalties, licenses granted, and other sources, is f 204,885. Wenow show a surplus in our profit and loss account after providing a sinking fund sufficient to wipe off the entire cost of
our patents and patent litigation, amounting to $311,380,
When it is considered that our patents, now standing at nothing on our bookd, have cost .$879,698, and are worth many
times that amount, the financial strength of the corporation
can be better appreciated, and must be all the more gratifying
when compared with the low financial ebb it had reached a
few years ago."
CONDENSEn BALANCE SHEET SEPTEHBER
1^
30, 1888.
Aaets.
Permanent and rental plants owned by company
Sundry materials on hand
Patents
Lees linking fund percontra
Stocks and bouds of BUb-oompanief<
Dae from customers and other sources
$85,906
8,024
$879,696
879,t96
1,476,947
79,661
88,857
51,612
37,214
4,217
Bills receivable
Special fund No. 1
Special fund No. 2
Cash accounts
$1,832,44(V
Total
Capital stock
Accounts and bUls payable
.«
Sinking Fund:
$710,540
September 30, 1887
Transferred from proUt and losa^aosount, 1888. 169,156
$1,500,00»
21,060
$879,696
Deducted frooi cost of patents
and loss
Year ending September
(see contra).
879,6i)6
Profit
30,
1888
Transferred to sinking fund, as above
Net earnings
Disburiem entt
[Vol.
LiabiUtitB.
Motive power
Maintenance of cars
Maintenance of way
General expenses
Taxes
Balance
:
Total
$480,536
169,156
3H,380
$1,832,440
GENERAL INVESTMENT NEWS.
Baltimore & Ohio.— The annual meeting of stockholders
was held in Baltimore this week, and directors were elected as
follows to serve for the ensuing year, the vote representing
66,106 shares: Chas. F. Mayer, James Sloan, Jr.; William F.
Burns, Decatur H. Miller, William H. Blackford, .Auorey
Pearre, George de B. Keim, Wesley A. Tucker, Maurice
Gregg, J. Willcox Brown, William G. Atkinson, William F,
Frick. There are seven new directors in the above list.
Messrs. Pearre, Keim, Tucker, Gregg, Brown, Atkinson and
Frick. They succeed Messrs. William Keyser, George^W.
Dobbin, James Carey Coale, James L. McLane, George A. von
Lingen, John Gregg and Robert Garrett. Of the new directhe
tors, Mr. Keim has been the president and co-receiver of
Reading Railroad Company, and lives in Philadelphia; Messrs.
Pearre and Tucker represent large stockholding interests, and
Mr. Frick the Garrett interest. The Johns Hopkins University
interest is not represented, since Mr. Dobbin has not been reelected.
Buffalo Rochester & Pittsharg.— At the stockholders'
meeting the following Board of Directors was elected: Adrian
Auguste
Iselin, Henry Fatio, Alfred Roosevelt, F. D. Tappen,
Richard, John H. Hocart, Walston H. Brown, A. Iselin, Jr.,
Wheeler
J. Kennedy Tod, Henry I. Barbey, John G. Neeser,
H. Peckham and A. H. Stevens. Mr. A. Iselin, Jr., was
elected President.
Called Bonds.—The following bonds have been called for
payment
ALLEQHBary County, Penn.— Compromise bonds dated
January 1, 1863, aue January 1, 1913, to be paid at par with
interest to January 1, 1889. upon presentation at the office 01
the County Controller at Pittsburg, Penn., at which time interest will ceaee, 81 lend*, viz.: Coupon botds Noe. 213 to 21ft
NOVSMBEB
—
—
:
.
THE
ai, 1888.]
&
circling
which
Jan. 1 toatpi. ao.
OpenitiiiKCXiMMiHM
Farm Mertfa^et in Kaniiat.—The "Ameriean Wool Be*
porter" ba« recently been Invrstigating tbe faras morttaci
txtfinf 88 in Kansas, and publiabo* a table showiog th«/bf«closures by seventy-two investmvnt companioi la flfty-two
counties of that State. It should be remarked in r.';;iinl to
these foredosares that they do not necessarily i'
'^lea
to the investora, nor even to the companiej m
who
took the mortgage loans a foreclosure sale miy ev.'n resaK
in an ultimate profit to the party bnyiog la the propertj.
In the fifty-two counties investigated there hare been 907
foreclosures at the last term of court, representing six montheP
business. The following companies bad the number of foreclosures indicated: J. B. Watkins Land Mortgage Cimpany,
73; Kansas National Loan Company, 48; Jarvl*-(>)nklin MortLark, 33; Weetem
gage Company, 45; Sbupe, Treealey
Farm Mortgage Company, 45; Crippen, Lawrence ft Co.. M;
Smedley Darlington, 23; 8. L. Nelson. 33; Kinsas ft New
Jersey Loan Company, 19; Pennsylvania Investment Com-
—
1887.
823,108
eS.'i.OOS
U,801,7S0
n,14a,M0
9640,231
$4.76^,'t80
I{I-1,UU:(,!I20
—
6,263
SentallouHodllnea....
Not Income
Fixed obargoa'
$616,065
372,694
*i,774.742
3,737,733
Net prollU
$243,371
$1,037,004
Includes iaterost, routuls, additions and betterments, taxes and V.
4aes.
'
Chesapeake & Ohio.— At Richmond, Va., Nov.
23, 1988,
B.
&
a
&
Called mooting of the atocltholdera of the Chesapealce
Ohio
Railway was hold, at which the total shares represented in person or by proxy were 3r)-l,6;!9. The plan of the reorg<ani/.ition of
the company, together with the provi-siona of an act of the General Assembly of Virginia, being Chapter 117 of the Ltws of
the Session of 1887-88, entitled " An act to authorize the issue
pany. 17, Neosho Valley Investment Company, 18; McKiolex
& Ueliker Investment Compuiy, 14; Lombard Investment
Company, 14.
As the "Wool Reporter" points out, the merits of the variotM
companies are not shown by the relative number of their fore-
&
Ohio Railway Comof bonds and stock by the Chesapeake
pany," were laid before the meeting, Mr. Henry T. Wickham
then offered a resolution, which was adopted, that the Company accept said act, and that stock and bonds b3 issued according to the plan of reorganization dated Feb. 7, 18S8.
closures, as those doing a very large
business naturally iiad
vaaiu of forecloeiurea
south-central,
sonth-crntral-westerly
is in the
between
chiefly
the
Cimarron and Arkpr.)tion of the State,
ansas rivers. Kingman County, which hai the worst record,
with 104 foreclosures, is in the second tier of counties from
the southern border, between the two rivers name!, and
Clark County, with forty-seven, is on the Indian TerritoryThere is reason to believe that
line, well to the westward.
this region has been settled in advance of its real fitness for
cultivation without irrigation. There are but few counties in
the eastern part of the State which are at all heavily represented in this list. Cherokee County, which hw thirty-three
foreclosures, is in the extreme southeastern corner, while Wyandotte County, with thirteen, contains the Kansai portion of
'
Kansas City. The facts presented in the "Wool Reporters
tables are not particularly unfavorable to Western farm
investments in general, as the proportion of failures is bat
more than those doing
Cheshire.— The following figures are from the Masjach
^Tear ended
Sepl.
30.^
1888.
1887.
$611,636
417,273
$870,830
451,340
Not e.arnlni?*
Fixed charges
$194,363
99,000
$219,490
99,000
$25,127
$95,363
126,000
$120,490
126,000
$25,127
Balance
DivUcnds
Deereate.
$5e,lt)4
34,067
$30,637
$.5,510 Inc. $25,127
railroad was changed from
narrow to standard gauge on Nov. 18, several thousand men
completing in a short time a work that required months of
preparation. The road operates 168 miles of track between
Cleveland, Canton, Sherrodsville and Coshocton. An extension of the road will be completed Jan. 1 from Coshocton to
Zanesville, wheie the road will connect with the Baltimore
Ohio, thus giving the latter an entrance to and valuable
terminal facilities in Cleveland.
Deflcit
Cleveland
The great
little.
rather,
or,
setts State report
<3ross earnings
Operating expeiiaos
! to totm • belt Ibie, o«W
;
$9,!>()'.>,l'.<.»
$616,063
..
Not oarulUKS
!hloago
(
;
—
.
tho city of
fri'iKht fr>r
;
U49. 1159.
Central Pacific. The earnings, expenses and fixed charnea
for September, and from January 1 to Sept. 80, were as follows. Tbo mileage is 1,301 in both years.
StpUmber.
nmwnA
through polnte either eeet or wMt oen b«
sent without piPHing through the oltr. It tept tbe Cdloago*
Northwestern thn Minncsote A Northwettem; «tae OfeSlin
Burlington & (juincy the Rock IsUnd, the Alton, (He Seals
Fe the Illinois Central, and the Chioego ft Butern Illlnoii.
880, 778, 796, 807, 943. lOOfl, 1145,
.
625
PauI to MoCool on the Baltlmora ft Ohio. TTwItlw |bk
line there is a branch from PUlnAeld t»aaf#Mrto Ma«b M«
oofti fields In «hU looality.
The prime tfkfeol of the nmi
refill-
tered bonds Noa. 197, 318, 315, 219, 220. 221. 338. 330, 889. 848,
Santa. Fe,— Five per cent oolUterai
Atchison TorKK.v
trust bonds of 1880, duo April 1, 1909, to Ix) pMd at 101 and
accrued intorest, at the office of the New KnuHnd Trust Co.
8S Duvoiisbiro Street, Boston, Mass., within thirty daya from
October ;31, 1888, after the expiration of whiob tim* intereaC
•will cease, 18 bonds of #1,000 eacli, viz.: No«. 89, 2t8, 813, 837,
1887.
1888.
1888.
551,438,178 fl,325,287 *ll,00O,230
.
(;hkoni(;le.
both inclusive; 331 and 333 to 338, both inoluMTi>: and
Oross oarnlnfrs
—
:
.
& Canton. —^This
smiH. The "Wool Reporter says:
" The formation of foreclosure companies to engage in the
business of buying up these foreclosures is a matter which ia
& now
Connectlcat Hirer.
— The following
setts State report:
jfrom the Ma'sachu-
—
Tear ended Sept. 30.
1888.
1887.
$973,207
$1,035,669
710,434
790,217
.
Crosa earnings
Operating expensM
is
attracting the attention of the investing public. The
plan of the foreclosure companies will be to assume the old
mortgage or create a new one for the same period, and then
to sell, as opportunity offers, any property thus acquired, and
apply the property to the payment ot dividends."
Fitchbnrg.
—From the returns
to the Massachusetts Stai
Commission for tbe year ending September 80 the following
comparison is made
Increcue.
$02,462
79,783
—
Tear ended Sepl. 30.
1888.
1887
$l,880.o6»
$1.56.5.184
2,707,544
3,312,412
296.694
269.9 77
AtcfveML
»31A.7SS
604.363
t6.ei7
.
Notcivminga
47,452
$262,773
43,173
•$17,321
4,279
Passcnget
$198,000
198,000
$219,600
189,600
'$21,600
MlsoeUaneons
$30,000
*.$30,000
$24.5,452
lutereat andrentals
Freigjit
Balanco
Siridendd
(8
Surplus
*
percent)
.
•8,400
Expenses and taxes
$5,463,298
4,196,60j
$i,569.322
3.482.634
$893,979
713.951
Net earnings
Rentals and Interest
$1,266,693
1,020.383
$1,086,«83
089,239
$180,035
Groas earnings
Decrease.
East Tennessee Virginia & Georgia.— At Knoxville, November 17, Cbanceller Gibson rendered a decision on the
second bill filed by the minorty *ockholders of the E isl Tennessee Virginia & Georgia Railway against the directors of
company and the Richmond & West Point Company.
The complaint was made that the holders of the first preferred
stock had no right to elect a board of directors without the
Balance
Dividends
''^^tl^
261,836
Balance
Df.$l5.526
the
$16,467
8ur. $30,941
A
Bojton report ssys that this
Flint & Pere Marquette.—
railroad compmy has arranged for a consolidation of the
Pere Marquette, theEist Saginaw St. Clair, the SagFlint
Clair County and tlia
Mount Pleasant, the Saginaw
inaw
Manistee railroads, which will take effect May 13, 188&.
These last-named corporations are owned entirely by the Flint
Pere Marquette, and are conjolklated merely for the sake of
economizing and simplifying matteta pref)aratory to building
to Detroit. The capital stock and debt of the Flint ft Pere
Marquette are not altered by the consolidation.
participation of the holders of the second preferred and common stock, and an injunction was prayed for, stopping the
election of directors advertieed to be held on Wedneslay. The
court held that the plaintiffs had been in poe session of stock
certificates for two years, bearing on their face the conditions and agreements under which they were issued, and
justified
either
in
was
not
that
complaint
the
law or equity.
The election was held, over |28,
000,000 of
stock being represented, and the meeting
adopted a resolution approving the lease to the Richmond
Danville Company. The further consideration of the subject
was postponed for one week. The following directors were
elected Samuel Thomas, George S. Scott, J. G. Moore, E. J.
Sanford, John Greenough, Thomas P. Fowler, J. P. Grannis,
Calvin S. Brice, John H. Inman, Thomas M. Logan, W. S.
Chisholm, Richard Itvin, Jr., W. I. Bate, George Coppell,
&
&
&
&
&
&
Georgia Company.—The Richmond Terminal people took
another step in carrying out their plans for their Southera
system. The check for $3,950,000, the balance of the purohaae
money, was paid over by Mr. John H. Inman on the 1 )th, and
resignations.
the m«mber8 of the old boird handed in their
The Terminal people then held a meeting and elected ne«r
:
Charles M. McGhee.
The decision in the other suit of the second preferred and
common stockholders of the East Tennessee Virginia &
Gaorgia Railroad, to|defeat the proposed lease to the Richmond
Danville Company, will be announced on the 24th.
Elgin Joliet & Eastern.- This railroad is to be put in active operation soon. The line is about 90 miles long, and
extends from Spaulding on the Chicago Milwaukee and St.
ast.iM
397,429 Dec.151.119
366.488 Deo.l04,eSS
„ _ _,
„ ,
„
Kiaaell,
John H. Inman. O.
Patriok
Calhoun,
C.
John
Moore,
G.
John
Samuel Thomas,
Calhoun, Calvin S. Brice and James Swann. Theee new
and A. J.
directors then elected J.-hn H. lUll President
Raub Secretary and Acting Tressurer, and appointed JohnC^
Calhoun and James Swann a oommntee to receive the r
and property of the Oeoigia Compaay and the eomp
controlled by it.
directors as follows:
Hall, W. H. Chisholm,
J
n
&
i
R
—
;
«
.
THE CHllONICLE.
626
[Vol.
XL VII.
—
Railroads in New York City. The following reports of
Indianapolis Deca'nr & Springfield.— he annual meethorse railroads in New Yo-k City for the year ending Seping of the stockholders of the Indian- polis Decatur &
tember 30 have been filed with the R.R. Commissioners.
SprinRfield Railway Company was held in Indianapolis, Nov.
Eiuhth Avenue. —
i<fi7ilh Avenue.
first
the
for
trustee
elected
a
was
Pierce
F.
B.
R.
Mr.
22.
1888.
1887.
1887.
1888.
mortgage bonds, in place of John J. Crane, deceased. Tne Gross earnings
$196,H34 $214,628
$622,847 $639,496
499,856
488,630
170,159
Operating expenses.... 180,504
following directors, to serve three y^ars, were re-elected
Stephen H. Thayer and Thomas B. Atkini. of New York John
$122,930 $150,866
$48,468
Net earnings
$16,130
K. Warren, of Decatur, 111. At a me^-ung of the direct. r8 Other income
14,742
15,371
6,326
6,234
afterward, H. B. Hammond, of New York, was re-eVcted
$137,733 $166,237
Gross income
$22,457 $50,702
President of the company, and Thomas B. Atkins, of iMew
97,895
99,001
23,727
Fixed charges
22,267
York, Stcretary and Treasurer.
followImmediately
$87,235
189
$33,833
Nortliern.—
23,975
Net
income
Great
International &
70,000
60,000
15,236
irg the commencement of a foreclosure suit and application Dividends
for a receiver, notice has been published that the coupon due
$2,764
$20,161
$15,046»r.$26,975
Detlclt for year....
Sept. 1, 1888, on the 2d mortgage bonds will be paid by the
^Chrisi'r d lOlh SI.-,
Company.
1888.
1887.
Trust
Meicantile
$2i4,260
$254,719
Mexican Central.— On the Tampico extension 61 miles has GrosseamiiiKS
165,614
186,4:2
Operating expenses
been completed, from the junction on the main line near
tlrough
point
this
From
$68,246
$88,645
Net eamiags
Aguascalientes, f asttrly, to Salinas.
1,856
1,887
San Luis Potosi to the junction with the westward end of ihe Other income
El
of
wait
miles
14
paint
at
a
constiuction from Tampico,
$90,501
$70,133
Grossiucome
The grading is very Fixed charges
33,990
3S3<35
Salto, the gap in the line is 216 miles.
considerably advanced upon it, and it is expected to reach San
$J4,767
50,511
Net income
Luis Petosi before the Ist of March, 1889, and to fill up the Dividends
45,500
6s, 118
ths.
twelve
mc^
next
within
the
wliole gap
issued
day,
$10,732
$11,607
to
Supplement,
Deficit
for
year
Investors'
in
the
map
The
shows the present status of the Mexican Central lines. The
Riclimoud & Petersburg. I'he report for the fiwxl year
Tampico branch will be a short and an f asy route from the endmg Septembar 30, 1S8S, shows gross receipts, $251,161.
coast to thfc Ci! y of Mexico. It will be standard gauRe, solidly Disbursements— Interest on debt, $33,393; dividends, $70,000;
built throughout, and lunning though a most fertile and completion of James River B.-iige teruiiail improveme its,
beautiful section of the country. A large part of it is to be $300; additional investments in sleeping cars, $1,103; to:al,
Even now Tampico has a better $94,793. The road, which is twenty-two miles in len«th,
steel railed on stetl sleepers.
cutlet to the sea than Vera Cruz, being tituatei on a deep, from Richmond to Petersburg, is a paying prope ty. The
smcoth river, with fiom 20 to 30 feet of water in the chanael. usual temi-aunual dividend of three and a half per cent was
Trans-ffaipment is at present ca'ried on by steam lighters in d-'tlared, payable on the 1st of January. The increase of exmuch the same way as at Vera Cruz, but the new hatbor pense over las: year was caused by the purchase of additional
works, fcr the construction of which the Mexican Government I quipment to meet the increased tratflo of the road. A resohas granted a lubsidy, will enable ocean steamers to enter the lution was adop;ed authorizing the construction of a belt line
river and discharge right into railway cais.
around the city of Richmond, from a point on the Richmond
Minneapolis & St. Louis.— The quostion of the right of Fredericksburg & Potomac Railroad to a point on the Richindividual bondholders to appear in court and object to the mond & Petersburg Riilroad.
pioceedings of the Receiver was argued in Minneapolis before
Savannah Grifiln & Nortli Alabama.— At Atlanta, G*.,
Judge Young. The holders of the mortgnge bonds are repre- November 17, Gov. H, D. McDaniel was appointed receiver of
irdhall J.
sented by ti ustees, who claim it as thtir exclusive privilege the Sivannah G.iffln & Norta Alabama by Jadge
to apply to the couit for such relitf as they may deem neces- Clark. The roal has been put ia the haods of a receiver uatil
sary. The R; ceiver also holds ih .t the bondholders can objc ct the rights of the Central Railroa 1 & Banking Cjmpiny, which
Judge Young held that any holds a mortgage on the roal, are ti'ully establisheJ.
only through their trustees.
interested party could apply to the court for relief, and orToledo & Ohio Central.— Tne stockholders of the Ohio
dered that Mr. Trueedale keep a separate account, so far as Central Terminal Company held a meeting at Toledo to ratify
practicable, of the businfss of the particular divisions of the
the sale of its property to the Toledo & Ohio Central Railway
St. Louis Railway, aa applied for by these
Minneapolis
Company, as resolved some time ago, and the concern has nowbondholdei s.
dissolved.
Missouri Kansas & Texas.— The N. Y. Sun rt ports that the
Wabash. Notice is published that the Rjceiver will pay at
receivers of the Missouri Kansas & Texas Railroad, after a
the office of the Centi-al Trust Oompaay, No. 54 Wall Street,
cartful inspf ction of the property, parily in conniction wiih
New York, on and after the Ist day of December, 1SS3, the
the judge appointi' g them and paitly with officials of the following described coupons, with interest at the rate of 6 per
company, have come to the conclusion that at least $1,000,000 cent per annum, viz.: Caupoas wh'ch matured June 1, 1836,
mutt be spent upon the plant at once to preserve it in shape to upon the first mortgage bonds of the Hannibal & Naples Raildo busintfs. The road-bed is said to be in a bad condition in
coupons which matured July 1, 1836, on Chicago Divismany places, and winter will not improve it. As the receipts road
ion bonds.
from operations are not large enough to make the absolutely
Outstanding coupons which mature I on the firs*, day of
necessary repairs, the receivers will at an early day ask the
August, 1886, upon tirst mortgage bonds of the Tolelo & IlliCourt for luthoiity to issue and sell $1,000,000 of certifica:es.
nois Railroad Company, Lake Erie Wabash & S'. Louis RailNew Tork & Massachusetts.—The Newburg Dutchess & road Company, Great Western R lilroad C jmpany of 1859,
Connecticut Railroad has been leased to the New Yoik & Decatur & East St. Louis Railroad Company, and the Illinois
Massachusetts Railway Company. The two roads will form & Southern Iowa Railroad Company; also t e ou s-.anding
part of a connecting line, in conteclion with the Lehigh & coupons which matured August 1, 1S86, on funded debt bonds
Hudson River Railroad, from the anthracite coal fi-lds to of the Wabaih Railway Cjmpauy, secured by ple.lge of couNew England. The Newburg Dutchess & Connecticut pro- pons belonging to any of the first mortgages hereinb-fore
pose to build a line to the Poughkeepsie bridge on the eastern mentioned, or belonging to the Hrct mortgage boads of the
It is also proposed to build an extenfion from the
side.
Qaincy & Toledo Railroad Company; aUo, me outstanding
eastern terminus of the New Yo k & Massachusetts to coupons which matured Nov. 1, 1886, on first mortgage bonds
Cbicopee, 73 miles, where connection will be made with the of the Quincy & Toledo Railroad Company, and six months'
Central Massachusetts, making a through line 197 miles in interest on scrip certificates of Wabash Railway Company,
length between Boston and the Hudson River.
i.-sued for unpaid coupons belonging to any of tlie first mortOregon & Trans-Continental. This company is reported to gage bonds enumerated.
have extended its $3,000,000 notes for one year at 5 per cent.
A hearing to determine the rank of a number of mortPacific Mail SS. Co.— An officer of Pacific Mail states that gages on the various divisions of the Wabi.ah Railroad east
they have made a contract for the construction of a steamer of the Missit-sippi River is being held at the law nfficea
Wall Street, before Masters apto cost about $650,000. Half of the amount has already been of Foster & Thorns; n. No. 52
pointed by Judges Qresham and Jack&on, of the United States
paid. The steamer is building on the Clyde.
—
.
—
.
:
;
—
M
&
—
;
—
—
Circuit Couit.
Petersburg. At a meeting of the stockholders of the Petersburg Railroad, which extends from Petersburg to Weldon,
N. C, Col. John B. Palmer, Preeident, fu'^mitttd his report
The financial statement is as follows :—Gr0fS receipts —
Winona & Southwestern.— President William Windoui, of
the Winona & Sjuthwtstern Company, states that twiuty
miles southwesterly from Winona, Mioo., are now being built
and will be in operation before winter seis in. The company
h s not sold its oonds to pay for this portion of the line, bat
i'he people of Winina,
has raised the funds in another way.
and other towns on the line of the proposed road, are deeply
interested in the enterprise, and Mr. "Windom thinks It will
probably be pushed to completion. Tlie Mason C ty & Fort
Dodge Road, 92 miles in length, would form pirtof the line.
Freights, $235,959; pass ngeis, $126,649; othtr sources, $52 651
total, $415,260. Diabu'sements—Operatingexpenses, $271,980;
sleeping car trust, $3,101; interest on funded and floating debt
and dividend on preferred stock, $111,215; matured first mortgage eight per cent bonds redeemel, $25,000; total, $111,296.
Richmond Fredericksburg & Potomac— At
holdeis'
the
stock-
meeting the usual semi-annual dividend of 3J^ per
cent was declared out of the earnings for the six months ending September 30. The building of a branch belt line around
Richmond to connect with the Richmoml
Petersburg Riilroad was authorized and agreed to. The gross earnings for the
year ending Septemher 30 were $608,834; grosn expenses,
$872,008;
net, $236,826; fixed charges,
$82,206; balance,
-ro
—
&
$154,617.
,
,
,
The Daly Mining Company has dei lared its u-<ual dividend
of twenty- five cents p r share ($37,5C0) for October, payable
Co.
by Messrs. Lounabery
The Ontario Silver Mining Crmpuny announces its one
hundred and fiftieth dividend (fifty cents per share) for OotoCo.
ber, payable at transfer agency of Messrs. Loutsbery
&
—
I
&
NovBMBitB
THE CHttONlCLK
84, 1888.J
itcpovts
(J27
anA |locamcutB.
BALTIMORE & OHIO RAILROAD.
SIXTY-SECOND ANNUAL REPORT.
Offioi op
Till!
Bai.timorb
&
Onio Railioad OoMPAjrr,
UaLTIMORE, Octuber
Int, 1899.
r
To the Stockholders of the Baltimore <£ Ohio Railroad Company :
The President and Board of Directors submit the following report of the operations of the Baltimore & Ohio Railroad for
the fiscal year end< d September 80, 1898, and of the financial condition of the Company and of the physical condition of iu
properties, as of that date.
OPERATIONS FOR YEAR.
From
OENERAL INCOME ACCOUNT.
EARNIH08.
FrplKlitg
»14.3«9.778«
'
4./eJ33«46
a74.a4aae
469,121 3*
937,312 03
^""fUKcr.
*?""
~
';M're«s
MUcpllaiiOJUS
Tulal Earnings
OPKEIATINO EXPENSES.
General expenses
Conducting tiansportatlon
Maintenance of e<iulpmrnt
Slainteuanoj of way anil structures
920,3&3.491
;
'.'.
8,361,42.^65
2,714,218 73
Total Expenses
14,200,561 29
Net earnings from the operations o( the property
Deduct net earnings from Washington Branch
„
^
To which
add inoomo from
(see table
other soaroes (see table
A)
96.152.030 3S
304,419 19
».'5,H4t..">ll
O
1 .-ji
Total
FfDm which deduct
Interest
ou bonded Indebtedness,
Balimci
Dlvlilenilou
rentals, taxes,
and other charges for the year
16
i6,960 80
»7,066,471 9«
«,?4e,S53 12
(see table D.)
«808,918 84
.•
stock at 6 percent
preferred stock at 6 percent
$180,000 00
120,000 00
llrst prefcrre*!
DlvHeud on second
M
*I, 193,123 91
6,931, *93 00
300.000 00-
Remalnder
9508,918 81
From which payments have been made
to retire
bonded indebtedness:
Prlncliuil of car trust bonds
Payment to rtty of Baltimore
Caab nppnipriatlons to sinking funds
Somerset & Ciiu-bria Kiiilroad traffic bonds
9250,000 00
40,000 J
56,9K~ 02
37.500 00
„
38 1,487 0»
Leaving a balance of
$124,131 83
COMPARISONS.
The gross comings for the year wer J
For the your previous
920,353,491 61
20.659,035 90-
?305,544 26
914.200,561 29
14,120,131 20
Decrease
The expenses
of operation were
For the year jirevlous
$80,430 09
$6,192.930 36
6,538,904 70
Inoreasa
The net earnings were
For the year previous
$385,97135
Decrease
of 1887 did not include the operations of the Washington County and State Line railroadf. They
are included in the report of 188S. Taxes to the amount of $129,545 93 were charged to operating account in 1887. Taxes
are treated separately in 1838. To
ike the foregoing comparison of net earnings uniform in 1837 and 1888, it is proper to add:
Decrea.ie in unl for 1888
$385,974 35
129,515 93^
Taxes charged to operating account In 1887
The published report
m
$51.^,520 38
1,075 35
Dedactlosslnoperaliog Washington County and State L'ue railroads in 18 '!7
$514,414 93
Decrease in net of
Proper conclusions cannot be drawn from these comparisons, however, as to the relative results for the two years, « ithont
taking into consideration the following differences iu accounting, and in the sources of gross and net revenue, as well as in
the character of expenses incurred:
firs,.- The Company dlscintlnued the operation of the Baltimore & Ohio Express on September 1, 1887, and sold the franchise
and equlpuieut to the United States Express Company as o( that date. The earnings and expenses for the year 18 j7 Include those
of tbe Express Department entire, whilst those for 183S Include only 40 per oeat of the gross earnings, paid by the Express Company to the Railroiid Company.
$1,330,057 03
The gross earnings of the Express for 1887 were
469.121 29
Received from the Express Company in 1838 (40 per cent of the gross)
$800,935 71
DilTerenoe in gross revenue in the accounts for the two yean...'
if the Express had been operated on the same basis In 1838 as In 1837 there would have been a large increase In
gross revenue instead of a decrease of $305,544 26.
Showing that
As regards the difference in net on this account:
The gross earnings from Express In 1887 were
Forty er cent of which Is
Difference iu operating expenses tor the two years
I
Net decrease on
this
$1,330,057 03
•
$532,022 80
688,287 21
account
5«eonrf.— The Company s Id Its bleeping and parlor car equipment and franchises to the Pullman Palace Car Compa'^y ss of
June 25, 188S, and the decrease In net earnings for 1888, on this account, was
These are not loss s of Me* income, but merely differonee.* In ntl earnings as the aucounts are stated. The Company has reoelved
the benefit of the cash aud securities derived from the siles, and both eontraots ore regarded by your manasement as adraotaceons
the Company.
rAinJ. -There was oollocted from the Central Ohio Railroad Company during the year 1887 $210,656 03 forac ooutof
advances during previous years to that Company for additions and Improvements to its properties. This snm was oredlted to and
deducted from ibe operating expenses of the Central Ohio Division for the year 1887. That is, the actual operating expenses for
that year were greater than the statements Indica'e by
FourfA.-Tlierc were expended upon the roadway and bridges during 1888, with the view to their Improvement, and charged to
•
operating exi>enscM, more than w.is so expended In 1887
Fi/(A.-\Vlth the object of still further Improving the ihysical condiUon of the property, there was expended niwn the locomoprevious
the
year
tives and freight cats, and charged to operating expenses, more than was so expended
$100,747 02
86,197
3»
ts
*"
'"'" "^
331. 5CJ 46
83,050 36
.
THE CHRONICLE.
628
Sixth— The
lines of the
West Virginia and Pennsylvania were damaged greatly during July and August by rtoods of
entaUed upon tUe Compa»y thereby. The extraordinary cash exi)cuditure incurred
account, and charged to operating expenses, amounted to
Company
in
AH unprecedented cliaracter, and large
prior to September 30 on
thia
[vou xlvii.
losses
$56,564 6Z
$847,778 88
than account for the decrease of $305,544 33 in gross earnings, and
These differences, azgregating |847,778 88. more
1514,444 93 in net earnings for the year.
the year previous, as shown by the foHowmg:
The amount of service performed has also been greater than
The gross earnings from freight have increased $830,146 70, or 6-15 per cent over the previous year.
The number of tons hauled vras 11,195,940, an increase of 633,047, or 5-89 per cent over the year previous.
The number of passengers carried was 7,130,433, an increase of 465,827, or 7 per cent over the year previous.
These facts show tlxat notwithstanding the large increase in the expenses in the Roadway and Equipment Departments,
Ciarked economies have been introduced throughout the service, and at the same time the traffic has been increased.
gives the earnings and expenses of each of the several important divisions of the roai.
Table
«f
m
.
,.,,,,.
A
SINKING FUNDS.
to the Sinking Funds have been
account of the Pittsbuig&Connellsville Consolidated Mortgage Loan
account of the Baltimore & Ohio & Chicago Mortgage Loan
The cash appropriations
On
On
:
$20,687 02
36, 300 00
$56,987 02
The appropriations to the Sinking Funds for tlie Main Line mortgages have been made in Consolidated Mortgage bonds, as
provided for in the Consolidated Mortgage and by agreement with the Sinking Fund Trustees.
On the 30th of September, 1887, $477,690 68 was due for appropriations and increments of the Main Line Sinking Funds,
The appropriations and increments for these funds for the year ended September 30, 1888, amount to the sura of $704,045 16,
making together $1,181,735 84 $986,000 of Consolidated Mortgage bonds have been placed in these Sinking Funds, at par and
;
adjustment of the above amount, leaving a balance to be invested as of September
which balance wiU also bs adjusted in Consolidated Mortgage bonds.
interest, in partial
CONSOLIDATED MORTGAGE.
The Consolidated Mortgage, dated December 19, 1887, was made to secure the sum
existing unmatured Main Line mortgage indebtedaess, as follows
30, 1888, of $197,472 17,
of $39,600,000, substantially the then
:
$700,000
Loan issued
In 1H53, extended at 4 per cent
liOan issued in 1853, extended at 4 percent, due in 1935
City loan, issued in 1855, 6 per cent, due In 1890
Sterling loan, issued in 1870, 6 percent, due In ;895
eterling loan, issued in 1872, 6 per cent, due in 1902
Sterling loan, issued In 1874, 6 per cent, due in 1910
2,500,000
5,000,000
3,872,000
9,680,000
9,680,000
$31,432,000
912,000
Total
Ziesspaidou account of loans of 1880 and 1885, -which have been extended at 4 percent
£/6t8 oanoe^ed
$30,520,000
841,192
bonds in sterling sinking funds
$29,678,808
Excluding the $841,193 of the canceled bonds referred
was
to,
the par value of the securities in the Company's Sinking
Fund a
$8,177,113.
Of the Consolidated Mortgage bonds, $3,177,000 were reserved to be exchanged for these securities. If so exchanged,
these latter securities could have been disposed of by the Company at its pleasure, or, if held by the Company, the annual
interest therefrom would liave been available as a source of income. Under the terms of the mortgage, instead of exchanging
all of tliere securities for Consolidated Mortgage bond?, $7,500,000 of the Consolidated Mortgage bonds have been sold, and
$636,000 have been exchanged for $566,000 of Sinking Fund securities, leaving $51,000 still to be exchanged, in accordance
with the provisions of the mortgage. The remainder of the Consolidated Mortgage bonds, $31,433,000, were reserved to retire
the residue of the mortgage indebtedness not provided for by the existing Sinking Funds at the time the Consolidated Mortgage was created $1,592,000 of the Consolidated Mortgage bonds, including the $536,000 exchanged as above, have during
the year been placed in the several Main Line Sinking Funds, as above stated, and as shown in the General Balance Sheet,
;
table E.
By the operations of this Consolidated Mortgage the Company is relieved from the burdensome appropriations to the
Main Line Sinking Funds, which, with the increments for the year, have amounted in cash to $639,245 16. The annual appropriation to these Sinking Funds is £58,000 sterling, but the increments thereupon increase each year. By the year 1895
the annual increment charge would amount approximately to $675,000, which, added to the fixed contribution of $280,730
(£58,000), would make the large sum of $955,720, which the Comi)any would be called upon to pay in cash out of its income,
in tlie absence of some such provi-ion as that made by the Consolidated Mortgage.
The practical operation of the Consolidated Mortgage, therefore, has been
1. To relieve the Company of the growing burden of the Sinking Funds.
2. To give to the Companj^ the use of the $8,177,000 m the Sinking Funds at tlie time of the creation of the mortgage, or,
by selling $7,500,000 of Consolidated Mortgage bonds against these securities, to secure to the Company annually in cash the
interest oa those remaining in the Sinking Funds, which for the present year amotmted to $358,535 16 (see table C).
All this is accomplished without increasing the indebtedness of the Company. When the several Main Line mortgages
shall have matured, they will be replaced by Consolidated Mortgage bonds to the amount of $29,600,000, substantially the
gross amount of the Main Line mortgages, as stated.
PHILADELPHIA' DIVISION.
The total expenditure on account of the construction of this line to September 30, 1888, has been
:
:
PUlIadelphla Brauch (within the State of Maryland)
Baltimore & Philadelphia Kailroad (Maryland State Lino to the junction with the Chestei- Brauoh of the Reading KR. in Pliila
SchuyUiill River East .Side Railroad (iu Phila.)
)
..
Total
$6,553,434 46
5,328,266 89
3,882.812 70
$15,764,514 05
The bonds
The
Ib'ir
issued for account of the construction of these lines are:J
bonds of the B. &0. RR. Co. of 1883, £2,400,000 sterling, at $4 84
mortgage
t
bonds of the Schuylkill River East Side RR., guaranteed by the B. ijt O. RR. Co.,
$11,616,000 00
:
4,.")00,000
Total
00
$16,116,000 00
Thf above expenditures include nothing for equipment, all of the equipment being furnished by the Baltimore & Ohio
Compar.y.
Although the cost of this Division has been very large, and the investment does not yield a net return, its future value to
yo»r Company cannot be questiontd.
Th«^ gross earnings for the year
show an
increase of 36 per cent over the year previous,
and the number
of tons
moved
4[hows 75 per cent.
^
THE STATEN ISLAND RAPID TRANSIT RAILROAD.
your Company acquired a controlling interest (51 per cent) in
On November 31, 1885,
the capital stock and income Iwnds
of the Staten Island Rapid Transit Railroad Company, and in consideration therefor endorsed the second mortgage bonds of
that company to the amount of $3,500,000.
The net earnings of the Company ($290,779 50) have been sufficient to meet all the fixed charges ($265,600), and your
Company has therefore not been called upon to pay any portion of the interest on the endorsed bonds.
The Staten Island Company has completed the bridge over the Arthur Kill and the two new ferryboats "Robert Garjrett" and "ErastusWiman;" and the construction of improved ferry slips, waiting rooms and passengt r statiens at the foot
of Whitehall Street, N. Y., and the terminals at St. George, Staten Island, are now in process of completion.
The Company owns about 10,016 feet of water front, accessible to its tracks, on the waters of ^Vrthur Kill and New York
Bay, which must in future develop great value.
It is expected at an early day to have the connection between the Central Railroad of New Jersey at or near Roselle
Station and the west end of the Arthur Kill Bridge completed, end the New York traffic of the Baltimore & Oliio Company
diverted to the Staten Island terminus, in accordance with the terms of the contract of July 27, 1886, between the PhiladelV' ia & Reading Railroad Company, the Central Railroad Company of New Jersey, the Schuylkill Rivsr East Side Railroad
<3ompany, and the Baltimore
Ohio Railroad Ctompany.
&
NovKMBKR
TIIK CTmONri'C.'LE.
24. 1888.J
BAIJE
or THK BAUmfOBI * OBIO TILBOKArS.
October 5, 1887, the Company sold it« entire intfrwt In the Bnltlmnre ft Ohio Telcara nh trttf
to tb* WMtmi Vftlte
Telegraph Company, receiviDe thprcfor Block of the Wentern Union TelcKrnj.h Coinpiiny to the •momt of tO CM
000
guarsnteeof an annuity of 160,000 per annum, and made with the Western Union Company an oMnrtioffcciitrtct nadkr
which the Baltimore & Ohio Company retaiDH the owncmhip of its exchwivo railroad wires aloOK it* lltrii of ratlwav
between I'hiladclpiiia and New York, and receivea from the Telegraph Company unlimited free service alone th«»e UnMMd
free service to the extent of $10,000 per annum beyond iU lines of railway, and abore that limit half raus
fcr Its
On
n
ntZ
Md
tallrMd
meiisagoe.
OP THK PI.EEPrNO
AITD PARLOR OARS.
On June 25, 1888, the Company gold its interest in the Daltimore ft Ohio Sleeping and Parlor Cars to the rutlmsn'aPalae*
Car Company, and entered into a contract with that company to operate sleeping and parlor cars upon the lines in the B Jc
O. system for tlit- period of 25 years from that date. As couHideration for the transfer of the cars and the privilege of a lose
»
•
»
contract, the Baltimore ft Ohio Company received the sum of |1,200,0C0.
BAIJ5
'
CONSTRUCTION AND BETTERMENTS.
Trans-Olilo Division
Miilii
I.iiii)
and ItmnchfS
l.liKg.aKtof Jialliiuoro
II" I"""" I" "lllV! .][""" ]"]["]
J'ltt«biirKDlvli.|(>n
mtittMk^i
liiSiiJiS
ilSA'tMSi
^ISMM
• 2.943,374~34
"While the expenditures for the year on Capital Account, aggregating $2,948,374 24 are very largo, they have been made
upon works already begun, or in fulfilment of obligations incurred prior to the beginning of the year, or (as is lanelr
^the case on the lines eaet of Baltimore) in payment for expensive real esta te and rights of way already cccnpied, the tettl»>
ments for which have been made in the ordinary course of negotiation or through condemnation proceedings.
The expenditures for Capital Account have all been met out of the resources of the Company, and without incurring any
obligation that is not included and fully set forth in the Oeneral Balance Sheet and the remarks thereon. They represei^
invented capital and not current yearly expenses.
chiefly
FUTURE REQUIREMENTS.
must not be inferred that such investments will be so large in future years. The Company ha."! been engaged datitig
the year in completing costly improvements. The lines east of Baltimore absortxd $1,050,995 02, and $900,288 88 have baekk
invested in rolling power, chiefly to provide for the traflio incident to their construction and development. Thete two sui^
comprise about two-thirds of tlie total expenditures for the year on Capital Account.
Still, many extensive improvements are required at various points on your system in order to secure much need>>d
economies of service. Among these may be mentioned additional docks and piers at Philadelphia; the enlargement and
re-arraogement of the Locust Point yard, particularly that portion in which the coal tonnage and the export and import
traffic are handled; the erection of a new passenger station at Washington, D. C, coupled most likely with an expensive
change of location of nearly all the tracks of the Company in that city; the completion of the doui)le track on the Metropolitan Branch; a change of line at Harper's Ferry, to avoid the further maintenance of an unsuitable and exj)ensive bridge
and approaches, as well as to secure a double track across the Potomac River at that point; the construction of a new line
through the City of Wheeling, to avoid the heavy grades and sharp curvature within the streets of that city, and to concentrat« the yard work now done at Wheeling, Benwood and Bellaire for the three divisions of the road ending at the Ohio
River. The exchange of traffic at this point from one division to another is subjected to such delays as not only to cause
It
serious loss to the Company in the use of its equipment, but to frequently drive the business to
ment should be made as eoon as proper ordinances can be obtained from the City of Wheeling.
competitors.
This impiove-
The Wheeling Pittsburg & Baltimore Itailroad, which handled a tonnage of 996,087 tons during the past year, lias in it
two summits, with grades of 132 and ISO feet per mile, wliich render the operations of this line so expensive that no nei*'
from it are obtained, notwithstanding the large business passing over it. These grades should be reduced to the
ruling grade of the division.
There is now in process of erection at Pittsburg a large passenger station, an improvement of which the CVirapany has
been in much need for years past. Its completion during the ensuing year will not only add greatly to the comfort of the
Company's patrons, but should be the means of increasing largely the passenger earnings. As this station will occupy a
location not hitherto covered by tracks or any other property of the Company, its construction will also be the means of
enlarging materially and advantageously the freight warehouse and yard facilities at tliat point.
An equally great need of the Company is that of increased equipment, and the policy should be to secure this as rapidly
as it can be judiciously utilized. The lumber, coal and coke tonnage of the Company for the year shows most encouraging
Bigns of large development, and the first additions to the equipment should be for the purpose of caring for this and other
business originating upon your Company's lines.
Ample motive power to move its maximum traffic promptly at all seasons of the year and in all emergencies that may
arise should be provided. There is no more effective way of adding practically to the number of available cars than bj
moving and discharging promptly all which are loaded or offered, and no surer method of increasing revenue than by
furnishing promptly those which are required by patrons. The Company has built during the year at its own nhops
locomotives, or at tlie rate of about three per month, and this should be continued until the motive power is ample for the
Company's needs.
'Tlie Company is using in several of its yards old patterns of engines, which should be replaced bv modern switching
engines, in order to increase the promptness with which yard-switching and loading and unloading are done. Nothing is of
greater importance than this in handling a large volume of traffic with a limited equipment.
As regards freight cars, the additions during the comhig year should be chiefly in hoppers and gondolas for coal, coke
and luml^r.
With sufficient motive power well maintained, the second most important need is an ample number of freight care of
the kinds most used by the local industries situated immediately upon the lines of the Company and dependent upon it for
transportation.
Coal cars and gondolas go less astray on connecting lines than any other class of equipment, and are most requ Ired for t he
accommodation of mines, faw-mills and manufactures along your system of roads. Therefore these shontd be supplied first.
"Every industry located on your lines should be guaranteed prompt movement of its products. When this is aocom.
plished otiierslwill be developed.
Box car equipment becomes scattered on connecting and even on distant lines to an extent that is very damaging, and
therefore investments in it should be most prudently made.
results
M
FINANCIAL CONDITION,
GENERAL BALANCE SHEET.
E. Tliis account, after careful analysis, has been materiaUr
of that part of the account termed in the last annual report
"Surplus Fund." These reductions have been made chiefly in a re-valuation of the stocks and bonds and other propeitiee
of the Company, and of claims held against subordinate companies, and have been made substantially upon the following
The general balance sheet of the Company is shown in Table
changed. The changes appear chiefly in the large reductions
general principles:
u
*
interest has been charged against leaae<l or subordinate companies for a series of years and the net
time,
the
elaun
reasonable
within
a
collection
expectation
of
a
justify
the
sufficient
have
not
been
to
those
lines
earnings of
for such interest has l)een written off and the assets as they appeared on the books of the Company reduced accordingly.
Where the Company has acquired the bonds and stocks of subordinjite companies which for some time i>«wt have
2.
proved to be non-dividend or non-interest paying, the value of such bonds and stocks has been reduced on the books of the
Companv. in many cases to a nominal amount.
,
8.
Where the Company has made advances to certain of its subordinate or leased unes for purposes ol pennMent
improvement, and there is no immediate prospect of those lines repaying such investment, the same has been written off the
1.
.
wherever
___
.
books of the Company.
.u v
lThere has been an approximate re-valuation of the Company's cars and^engines and a reduction naede upon ine o •«»•
4.
or th*
apprwiement
of the Company in the item " Cost of Rolling Power" of $4,000,000, as the result of the approximate
value of the plant as it now stands. This reduction makes the equipment stand at about 70 per cent of ita oo^
<>» "»• ••*•••••
5.
A large number of miscellaneous accounts, which are now uncollectiMe, have likewise been
-^
The reductions in the values of the bonds ana stocks owned by the Company need not be regarded as pernMiient,
future developments may, and probably will, render some of them interest- bearing securities.
After all of the reductions made on the principles above stated, there stUl remains a baUnoe to credit of Profit and LM»
Cf $23,813,606 74. (See Table F.)
.
^^^n
^
THE CHRONK^LE
630
[Vol. XLVII-
The " Surplus Fund," as set forth in previous reports, was not a " Fund," but was the credit to " Profit and Loss " as it
and of course represented the difference between the assets of the Company, as they appeared on its books,
and its liabilities. Such fund, therefore, necessarily included the cash amounts invested in the stocks and bonds owned by
the Company and its advances to subordinate companies, either for the payment of interest, for permanent improvements on
the subordinate lines, or other legitimate claims against them. By the reduction of the valuation of such investments no
actual change as to the amounts so invested is made, but only a re-statement of the present value thereof as near as it can be
ascertained upon careful investigation.
The examination which has resulted in these reductions has covered the entire period of the Company's history, and has
been male in conjunction with the Committee appointed by the Board on April 18th, 1889, to examine into and report the
exact financial condition of the Co. and the value of its properties The following condensed statement shows reductions made.
For reductions in valuation of the bonds and stocks of the following companies:
is usually stated,
Par.
The Parkersburg Branch Railroad Company, common and
ferred stock and scrip
and preferred stock
--
stocks,
&o
Miscellaneous bonds and stocks
—
Amounl of
Reduction.
pre-
The Valley Railroad Company of Virginia
The Washinston County Railroad Company
The C imsolidation Coal Company of Mary land
The Wheeling Pittsburg & Baltimore Railroad Company Bonds.
The Pittsburg & Connellsvilli) Railroad Company
The Newark Somerset & StraltsviUe Railroad Company, common
The South Branch Railroad Company, bonds,
lAofo Placed on\
Books at
Cost.
¥5,712,1S4 94
1,020,000 00
$390,000 00
1,000 00
1,000 00
952,1500 00
3,003,187 52
1,000 00
$5,682,825 57
1,020,000 00
766,290 33
1,58-',249 21
5,000,000 00
3,434,205 85
1,792,837 50'
375,147 54
769,280
OOi
3,810,000 001
[
$5,292,825
1,019,000
765,290
635,749
431,018
374,147
57
00
33
21
33|
54
I
897,000 001
393,000 00
2,432,500 OO!
296,950 52
262,768 90
54,848 48
1,000 oo'
1,000 00
3,550 00
*21 ,826,802 44l$13,481,286 40
$4,354,237 521
295,950 521
261,768 901
51,298 48
$9,127,048 88
For advances to the following companies, at present uncollectible:
To the Baltimore & Ohio & Chicago Railroad Companies
To the Pitsburg & Connellsrille Railroad Company
To the Sandusky Manstleld & Newark Railroad Company
To the Parkersburg Branch Railroad Company
To the Newark Somerset & StraltsviUe Railroad Company
To the Somerset & Cambria Railroad Company
To the Winchester & Strasbnrg Rulroad Company
$5 ,332.799 51
1
,
,
,012,073 16(
590,486
274,170
273,302
146,637
68,243
671
66
38i
17
85
7,757, 713
4,000, 000
813, 067
657, 522
i,oii; 685
Depreciation of equipment. Including the engines and oars condemned and destroyed
in telegraph plant by reaaon of sale
in the value of the Cumberland Rolling Mill
TJnoolleotlble debts, adjustment of accounts, <tc., running over a long series of years
Eeal estate, for property sold and proceeds credited to •' Profit and Loss Account," In error in 1852
Keduction
Eeduction
98, r)88
40
00
09
66
16
86
$23,465,626 05
There hag also been charged
to " Profit and Loss," for discount and commissions on bonds, loss on sales of stocks and bonds, for
accrued taxes, iiccrued Interest, &c., Itss sundry credits, the sum of
1,303,131 97
.$24.768,758 02
Total reductions
This balance to the credit of Profit and Loss will be subject to still furtner (but not large) modifications in a 8ubsee|uent
report, as the examination of all theitemsinvolvedin the Asset Table is not quite complete, not ibly that of Real Estate. In this,
however, it is not expected that any necessity for reduction will "arise, l he increase in the item of Real Estate, as stated in
the Asset Table, as compared with that given in the- Annual Report for 1887, is not due to a ro- valuation of the Company's real
property, but to the fact that large real estate items have heretofore been included in Cost of Road which should more properly
iiave been classified under Real Estate, and which have now been transferred to that account.
FLOATING INDEBTEDNESS.
The
"Special Loans and BilU Payable" represent
30, 1888, to
On Sept.
what
is
ordinarily regarded as floating debt.
Thev amounted on
".
Sept. 30, 1887, to.
.
$'',769,314 11
3,47s,210 58
$5,291,103 63
Keduotlons for the year
The items
of indebtedness other than floating debt, being the regular current liabilities of the Company, such as accrued
and rentals, traffic balances due connecting lines, vounhers and pay-rolls for the month previous, are to be met
out of the Company's current receipts. Such items necessarily remain substantially the same from month to month, and
many of them are oflE^et by similar credits on the opposite side of the account.
interest, taxes
FUNDED INDEBTEDNESS.
The following bonded indebtedness has been
retired during the year:
Bonds due the State of Maryland on July 1, 1888, 6 percent
Car trust 412 per cent bonds, on January 1, 1888
The usual annual payment to the city of Baltimorefor account of Pittsburg & ConnellsvUle purchase
Traffic bonds of the Somerst
& Cambria Road,
6 per cent
$366,000
250,000
40,000
37,500
$693,500
SECURITIES AND CLAIMS HELD.
Tables G and H show the bonds and stocks owned by the Company valued at $10,635,445 13. Those held by Trustees as
collateral for funded indebtedness are shown in the General Balance Sheet, Table E.
The Company's claim against the Cincinnati Washington & Baltimore Railroad Company for f 1,933,646 61 (see General
Balance Sheet) consists of a judgment for $1,320,397 62, which is a prior lien upon that Company's property, and of coupons
of the First Mortgage Bonds to the amount of $681,210, which are a lien coequal with the bonds themselves, and a claim for
supplies furnished, $32,008 99. Negotiations are now in progress looking to the collection of this claim in such form as to
render it available for the Company's use.
GENERAL REMARKS.
The three leading purposes in the policy of your management have been
1. To keep the expenditures of the Company at all times within is r sources, and to decrease its floating indebtedness.
2. To improve the physical condition of the properties of the Company, in order to increase the promptness, efficiency
and economy of the service.
3. To develop local traffic along its lines.
The condition of the roadbed and equipment has been materially improved, and, as far as possible, out of the earnings
of the Company, by charging the cost to Operating Expanses. This should continue until the roadbed and engines and cars
are in condition to compete on even terms with any competitor. Of course, all the improvements which are necessary to
produce such results cannot be made from the Company's earnings. The large ones, such as tbose enumerated under the
tead of Construction and Betterments, must be made from increased capital.
:
Much has been accomplished during the year in this matter, and the net results of the operations hereafter should be
improved thereby, especlaly on the lines west of the Ohio River.
While the volume of traffic steadily increases from year to year, the tendency of rates is as continuously downward^
and the net profits arising from railroad operations in future must depend to a greater and greater extent upon the economy
with which the service is performed. The activity of competition necessitates also greater promptnesi in tr nsportation and
delivery. Thus revenues decrease and expenses increase, and the lines which are in best condition will, other things
toeing equal,
make
the best returns.
As regards the development of local trafflc, substantial progress in this direction has been made during the year. The
Company has inaugurated an Immigration Bureau under the direction of the Traffic Department, the sole duty of which is
to invite settlers and manufacturers to your Company's lines, point out the advantages of its undeveloped but attractive
territory, and, where necessary, to visit the localities with the parties searching for homes, manufacturing sites or other
propertie-".
Those portions of West Virginia immediately contiguous to your Company's lines show marked indications of
•vigorous growth, and there are under way several small lines of railway which will be feeders to your system, notably extensions
of the existing lines south of Clarksburg, Weston and Buckhannon, into the rich timber and mineial regions to the South.
Also one through the rich coal field (probably the richest in the State of West Virginia) lying in«the valley of the Mouongahela River, between Fairmont and Clarksburg, at both of which points the line will connect with the Baltimore & Ohio.
The value of this coal for steam purposes, as well as for coke, is now well demonstrated. The (Mitput from the ovens
on the Fairmont Morgantown & Pittsburg Branch, using the same vein of .coal, has been for the year 67,834 tons, as
against 2,423 tons during the year previous.
'
.
NOTEMBBB
'
1
THE (CHRONICLE
94. 1888.1
681
Huokin^ inve^tmeiits aloo upon other p irtions of your line* In Maryktad, Vlrglllte
greater extent than evor before, and ever; reasunahle enoourageinant Ih IjuinRoffand (llMa bf WcCoiai
The yonr has been marked by the further dovtilupiiiont of the export and import trad* through tb« port of Ballinon In
connection willi the various Btfanixhip lint-H landin){ at the dockH of the Company. MeMr4. Wm. Jobaatmi A Co. of liva?
pool, have opened a liae between Loouiit I'oint ami Lo.'idoo, by which the Couipany mcutm Ita proportion of tha I'urK*
flow
and misuelluneoiM trade to and from thtU port. ThiM ih in addition t) the one between Baliimora and Lifrrpool wUch has
been operated for several years by this tirm. They now have under oonstruotioa, to be r««dy in the ap iag oriSM thr*«
ai
the largest and uiohi modcrti and complute car^o HleaiuiTd of O.UOO tons oapaoicy each. These Bteamahlpa will be the flneat
of
their charauter in the North Atlantic trade, drawing 20 feet of water, and plying in and oat of the port of Baltimore
wUI
demonstrate the wisdom of the deepening of the chann 1 to this port to ihe full depth of 37 feet. Tatj will Und regulvir
at Company's docks without ro'erence to the tide, and receive and diitcbarge their cargoes alongside Che cars of the Conpanr
The volume of traOio over all the Trunk Lines has been large durmg the year, but for a considerable proportion oflt
rates have been exceptionally, and, in many cases, ruinously low.
Much busineae has been done at below the actual ooet of
transportAtion. The relations between your company and the other Trunk Lines have been harmonious during the year
but sorioiis differences have existed between certain others, the result of which has been to deplete your revenui s, witnoo^
your Company having been an initial party to any of the contests. This unfortunate and needleas condition of affaira continues at the close of the year but, with the encouraxing prospect of a large busin'-as for all lines during the coming year
it is hoped that wiser counsels will prevail, and that the lallroads will not, through the ac'.ion of their managers, fall
to r«»
ceive at least ieas<mable compensation for their services to the public, although a sharp and disastrous cojflict mar be neoe^
aary before good results are obtained.
It
is
true the prohibition
of
pools under
the
Inter-State Commerce Law
has deprived the railway*
of their
reliauce
and most efBcient machinery— imperfect as that machinery was— for aecuriog to
ch'ef
the country
stability of rates and their maintenance
fair
at
and reasonable figures.
Nevertheless, under
a proper system of accountability of subordinates to aupiriors, and such a baais of confidence in each
other ixs should exist between the responsible managers, there is no real re^ison why railroada ahould not be a i managed,
within perfectly legal and legitimate boun Is, as to preserve baraiony an 1 t > produce tb>8a resulta wbicli the ownera have a
right to expect. The first requi-ite for the establi-ihment of thia confidence would seem to be a rigid re t' iction of the ratemaking power, confining it to officers whose responsibility can be clearly determined, and then that such agreements between
railro id companies as caa be leg.ally made should bo attended with some penally for violation.
Unlesa improved results an
reached by tliestj or other conservative and business-like methods, the managers will ba held reaponaible, and ownera wit
likely seek security in c ainbinations by ownership, until the Interstate Commerce Act may be followed by the creation of
railway systems far more powerful than any hitherto existing, and this in turn miy provoke additional legislation under
which ii will be even more difficult to
ike a lequate returns upon invested capital.
The acknowledgements of the President a id thi Board of Oire.;tors are due to the officers and employeea in all depart*
menta for the zeal and efficiency displayed in th;j performiuce of th.dr duty.
By order of the Board,
CapititlintH ure
;
m
SPENCER,
S.
TABLE
Preaident.
A.
EARNINGS AND EXPENSES OF ALL LINES EAST OP THE OHIO BIVES.
I
(
llain Litit an't
in-'
Branches,
eluding IFiuA-
Pittsburg and\ -,"^'V5f""''j
l^tub'rgand
'i*tQVn Co., Fair-
1937-8.— E.VRNIS08.
^mont,
il'tt'ijan'
town and
ttlUbura. So. Ur'iieh
ana Stale Line,
/^.„_»,iL..ii.
ConneltnUle
RR. System,
Dintion.
„ ,
Parkertburg
Baltimore
i
ISranek.
Ditition.
Washington
Branch.
Total Most of
OhioXiier.
RaUroadt.
Tonnage revenue
36 !J642.2B0 2» $1,860,039 3K$37)',872
66 241,422 15
611,386 33 141,775
69
4,905 21
23,738 10
4,424
31
33,295 69
42,414 20i
5,296
65
3,211 62
7,390 57
$7,588,709
1,715,399
183,030
247,421
882,067
Passoniter revenue
Malt re venue
Express revenue
MlseeUaueous revenue.
98 «399,346 94 $96,323 74|$10,965,612 97
95 165,074 23 265,721» 40l 3,140,787 73
47,300 50
Oil
!t,9e6 161
3«8,454 «7
62:
19,530 21
37 08
1
18,681 84l
86e,e«2 87
803,7Se
M
I
I-
56$530,369 5«if63t,378 96 $386.701 14'$15,a35,384 88
i»10.619,691 67lg92»,124 96 $2,544,968
Total revenue.
-
EXPBKSEB.
OQDonU expenses.
1
..........................
3129.912
747,937
417,595
409,119
$406,224 03 S71.531 33
3,193,634 03. 499,112 62i
1,562,181) 9ri 180,450 69:
1,187,597 S6| 127,840 82l
36
43
94
31
$23,663 70
$58,313
i209,012 761 205.276
144,929 09| 117,988
139,523 30 139.622
84
•779,647 39
34
38
19
[
82,291 95;
4,854j>73 18
2,423,154 OS
2,085,624 93
1
$6,439,645 37 $878,575 46'$1,704,565 0l!$S17,l28 85 $621,202 75
"11,177,046 30
Netearnlng/). .,
46,549
$82,281 93 $10,143,399 43
$840,403 52l $13,240 7l|»110.17B 21 «304,419 19 «5,491,83S 4S
SnI
EARNINGS AND EXPENSES OF ALL LINES WEST OF THE OHIO RIVEK.
1887-8.— EabningS.
Central Ohio
Lake Brie
StraitsviUt
OhieoiO
Diviswn.
Dimsion.
DitUion.
Divisitn.
$723,052
88S,m60
27,333
36,167
26,76a
Tonnage revenue
Passenger revenue
Mall rBVeuue
Express revenue
Ulacellaneous revenue.
-
Total revenue
15
$816,711
223,369
22,345
23,172
2,496
82
38
$217,841 53
19,474 13
06
.2,314 92
1,598 12
$1,586,553
492,747
53,497
41,540
15,077
OhioRkHr.
12
$3,344460
M
00
1.121,551 74
14
91
103,490 93
102.4TM 42
44,575 10
$1,088,096 19
$241.460 75
$2.189.417 33
$4.718.256 79
19
13.123 44
?05,767
52
$234,933 71
1,029,250 90
$413,476 69
3,076,819 82
35,795 51
71,672 79
519,68319
210,698 63
938,27160
628,393 80
$2,024,577 23
$4,057,161 87
$164340 30
$20^53,49164
$661,094 91
11
38
$1,199,28232_
75
79
Totat West of
83
76
232 05
36
EXFJUJSES.
$85,976 31
194.222 11
166,176 32
$77,423
473,030
188,569
150,056
80
90
06
Total expenses.
$919,035 34
$389,130
0^4
$228,359 2d
Net earnings....
$284,188 98
$198,966 IS
$13,101 49
General expenses
Conducting transijortatlon..
Mulntcuauce of equipment
Maintenance of way.
..
46f*,720
Total revenue aU lines
Totalexpensos
60
»»
..-
14,200,5«1 29
all line*.......
^..^.. --<.... $6,152,930 35
Net
—
TABLE F. (See table B at the end of these tables.)
PROFIT AND LOSS FOR THE FISCAL YEAR Fyi^ED BEPTE.MBER
80, 1888.
Cr.
Ootl,'87.— By Balance at the oredlt of this account..
Sept. 30.
"
for the year
Income account
Less Somerset
WT'^ir.LLr*
retljwd
& Cambria RR. Company Bonds
Increment of the Sinking Funds for the iear
Less cash stated In luooine Aoeou*, Table
Washington City
1888.
Sept. 30.
4 Point
.-*
-.
—.
-.i;..—
"""" ^^^'VinfJi
37/mo 00
*».
«••.•
O
*•
Lookout RR.
$48,033,720 01
^-jmg^
iSl'S^i?
358,580 IP
93,304 00
6,223 00 $48,694,667 89
'"'•
To
and re-valuatlom of Stookaaud Bonds:and "'j"*' Propertlea of Co. $24,768,788 08
lino
6 months' IntereM tiP Aug. 1, 188S, on $1,592,000 Cousolldated Mort«age Bonds In the Main
78,304 00
,
Sinking Funds w5 per cent per annum, and accrued Interest on same
uncollectible debts, re-aAlustmenU
Br Bnlanae.
34342,068
U
$88^12.60674
THE (JHRONICLR
632
TABLE
[Vou
xl\u
C.
STATEMENT OF INCOME FEOM BOUECE8 OTHEE THAN THE OPERATION OF THE BAILEOAD" SYSTEM.,
from interest on bonda
0Mb recelTed
•
—
"
and declared dividend on stocks
<<
-•—
«
"
profit on sales of stocks and bonds...
«'
"
from sterling main line sinking funds
"
"
from sundry rents
aohuylkill Eirer East Side earnings
-
*i?o'531ii
ic'Ji? Y
45,784
14
3o8,o2a 16
-iS^'SoIl?
ibu,<.iuai
$1,206,960 80
TABLE
STATEMENT OF INTEREST CHARGES, TAXES, RENTS, ETC.,
D.
FOE THE FISCAL YEAE ENDED SEPTEMBER
30, 1888.
T/Oan of 1853, S579,.'500 at 4 per cent per annum
Loan of 1853, $1,709,500 at 4 per cent per annum
'fo'lSS S2
Bondfo?purchisoofVhetoteVei^^
Jhs^^^
,5?'o3oVx
Loan of 1870, $3,872,000, at 6 per cent per annum
coAQ^iiX
I/oanof 1872, $9,680,000, at 6 per cent per annum
?SJC'o!5j!<«
oau,8UO
uo
-.-T.nAn of 1874 S9 68(1 000 at 6 Dcr cent per annum
Chicago
OUo
Cos
387,200
00
&
Baltimore
&
of
account
of 1877; |7;744;000; at.? per cent, for
Bonds to State of Maryland, $366,000 at 6 per cent per ann>im-:Vh---^v;v;"^u";--K;;-•,;•»» •^:C
, an'nS! 00
SS
180.000
Loan of 1879 $3 000.000 at 6 per cent per annum, for account of the Parkersburg Brancli RR. Co
»« ^ per cent per amium
^_^8,400 00
Bonds of Northwestel-n Virginia RR. Co., due 1885, extended. $140-000
Philadelphia
Bianch
and
Baltimore
Phila.
<fe
RR.
Co..
522,720
00
of
account
anuum,
Loan of 1833 $11,616,000 at 413 per cent per
Bonds of 1885 $1 000,000 at 5 per cent per annum, secured by $10,000,000 2d consol. mort. bonds of Pitts. & Con.RR. 500,000 00
months)
25t»,000
00
annum
(8
Consolidated mortgage, $7,500,000 at 5 per cent per
1^
RR
Baltimore
&
annum
Ohio car trust bonds, $2,500,000 at 419 per cent per
Payments on account
of Pittsburg
101,062 50
& ConnellsvlUe RR. Co.—
280,000 00
Interest on $1,000,000 7 per cent Ist mortgage bonds
Interest on $326,600 6 percent Turtle Creek Division bonds..
Interest on i51,306,000 6 per cent consolidated mortgage bonds
—
-.
Interest and premiums on exchange
Schuylkill River East Side RR. Co. bonds, $1,500,000 at 5 per cent per
Less proi>ortion due by Philadelphia & Reading RR. Co
„iA''2-;S Vx
3(9,262
40
225,000 00
38 775 e6
,
Kentals— Winchester & Potomac RR. Co
Winchester & Strasburg RR. Co
Strasburg & Harrisonburg RR. Co
Washington City & Point Lookout RR. Co
Central Ohio RR. Co. (Central Ohio Division)
Saudusky Man.sfleld <fe Newark RR. Co. (Lake Erie Division)
Newark Somerset &
Straitsville
ER.Co.
10,314 00
„„„„„
annum
(Straitsville Division)
^^
^I'S9999
oS'SSiS*^,
89,25000
36,000 00
419,748 81
201,850 00
72 ,438 22
.•
'
oU,^#
J.
lltJ
420,721 89
<3eneral interest, discounts and loans
Taxes— Main stem.
Baltimore & Ohio & Chicago RR. Cos
^Zn'SlIJ If
78,670 24
152,166 16
Other lines
403,653 12
41,15134
<<SFroand rents
$6,246,553 12
Total
LIST
TABLE G. (See Table E on subsequent page, F on preceding page.)
OF BONDS OWNED BY THE BALTIMOEE & OHIO EAILEOAD CO. SEPPEMBEE
ITumbei'
STATEMENT
of
Bonds.
NO.
30, 1888.
Par Value.
1.
6 B.iltimore & Ohio RR. Co.'s 1885 Extended Bonds, 4 per cent
137 Bay Ridge Co. Bonds, 6 per cent
200 Chesapeake & Ohio Canal Co. 6 per cent
Cincinnati Washiugtou & Baltimore RR. Co. Ist Mortgage 4 "a per cent Scrip
"
"
••
"
" Prior Liens, 4 "a per cent Bonds
143
"
"
"
" 1st Mortgage 6 per cent Bonds
"
1,074
3-65,
2
of
10
of
$500,
$50 each
Columbia,
12 District of
250|Grafton it GrecBbrier RR. Co. percent
cent
Mortgage
per
1st
8
178 Bouth Branch RR. Co.
2,295|Stat«n Island Rapid Transit RR. Co. Income 6 per cent
1424 Valliv RR. Co. or Virginia 6 per cent
9' Virginia Midland RR. Co., 3d Series Bonds, 5 and 6 percent, 6 of $1,000 each, 3
7ll Washington City ik Point Lookout RR. Co. 6 per cent
$1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 (X)
1,000 00
1,000 00
<
,
of
$100
00
00
00
27 00
143 000 00
1,074 000 00
$«,,000
137, 000
260, 000
5 100
250 000
178 ,000
2,295: 000
421, 001)00
6,
1,000 00
00
00
00
00
300 00
00
VI: 000
$4,819,427 Oo
TABLE
LIST
H.
OF STOCKS OWNED BY THE BALTIMORE & OHIO RAILROAD COMPANY SEPTEMBER
Kumber
STATEMENT
of
NO.
Rate of
Par.
2.
fihares.
660 Baltimore Dry Dock Company
Baltimore Exi)ort & Import Cattle Company, Limited, Assessment £1 per share.
1,169 Ballimore & Ohio & Chicago RR. Co
8,000 Biiltiinoro Htock Yard Co. of Baltimore County
•99,533 Baltimore & Philadelphia RR. Co
5,020; Bay Ridge Co
30 Berlin RR
38,100 ConsoliiliitioD Coal Co
5,352 Central Ohio RR. Commou Stock
1,300, Grafton ic Greenlirier RE. Co
48: Mt. Pleasant & Broad Ford RR
14,111: Newark Somerset & StraitsviUe RR. Co.— Common
do
do
3,837
do
do —Preferred
5,800' Ohio &Balt more Short Line RR. Co
100 Ohio & Mississippi Railway Co
-1.13,613 Parkersburg Branch RR. Co. (Scrip 34-94)—Prefen-ed.
630
do
do
do
— Common..
30,100 Pittsburg Cleveland & Toledo RR
35856%
Pittsburg
&
ConneUsville Railroad Co
$100 00
50 00
100 00
50 00
50 00
50 00
100 00
50 00
100 00
50 00
50 00
50 00
50 00
100 00
50 00
50 00
50 00
50 00
50 00
48 40
50 00
100 00
50 00
50 00
50 00
100 00
50 00
100 00
100 00
20 00
100 00
100 00
so 00
,
,
,
30 ISalisbury RR. Co
8,900 Investment in Steamship Lines
4,7o6 jSandusky Mansfield & Newark RR
2.550 Staten Island Rapid Transit RR. Ck)
6,200 State Line RR. Co
30 .Somerset* (ninbria RR. Co
SO.OOO Schuylkill River East Side EE. Co
1,000 South Branch KR. Co
3,595 Sharpsvillc RR. Co
10,000 United States Express Co
Co.jof Virginia
10,200 Valley
38,464 Wa.shlugton Cdhnty RR. Co
5,2.54 Winchester & .Strasburg RR. Co
50.000 Western Union Telegraph Co. Stock
J 10,000 Wheeling Pittsburg & Baltimore RR. Co. Consolidated.
30, 1888.
RR
,
,
Par Yalue.
$65,000 00
12,184 75
58,450 00
800.000 00
4,976,650 00
251,000 00
1,.500 00
3,810,000 00
267,600 00
130,0<K)
00
2,400 00
705,550 00
191,850 00
290,000 00
10,000 00
5,680,684 94
31, .500 00
1,505,000 00
1,792,837 50
1,500 00
430,760
237,800
255,000
260,000
00
00
00
00
l.fiOOOO
00
00
00
00
00
7ii9,2S0 00
525,400 00
5,000.000 00
5,500,000 00
4,501 ',000
100.000
179,750
1,000,000
1,020,000
$40,363.197 19
SUMMARY.
Far value ol bonds..
.dOj»^"
$4,848,427 00
40,303,197 19
Btocka.,
kiixi...
Eip^l^K,::!
$45,212,624 10
I
::
November
24,
:
:
.
.
THE CHRONICLE.
;^i8.J
TABLE
OENEBAL BAI^AMO
Dr.
Ooit af
Road
«88
E.
BKJtT.-flXPT.
ffO,
MAS.
:
For tlie oonRtruotlon of the ntllmml from naltlmoTo, Md., to WhMllnR. W. Va., Inoladinc the aoat of th*
LooiMt Polot, Ciirtlfi Uiiv. Hivk Will,11, Knvlnrlck, South linltlmore, Pktuxmit and MetropoUtan Bnwehm,
Cainden Cut-Oir, Boroml. ilnnl iiii1,1 fiiiinh trocka, nompriiilnK 777\ iiiHrii of iitKndnnl namilniU
I
ml liiulil'llne N'lnimiMh wlriv ttiwl '<|iilpnu'iil^. owned Drue Comtrack, 171^1 nilliw of sl.l
'A iiiidrr Wc^lorti I'nloii coiilriut; 'lipolx. iit,iilc>ii», wsrahooMa,
PMiy. and vuliio of aiii!
BhopH, lUod iiiarlilm'ry In
iiton Furry, wburvea In Bolt, FUllu. and N. Y. aud tloatlng aqulp'L
Kridife over OMo Riter at Rentcowl, W,
Bridge aver Ohio Rittr at Farkertburg, W. Ta.
•
equipment
S84 <>nK<iioii, 320 mu., 4 dlnlnft, 53 exp., 87 bB|CKa«e
Real Mtoto— C'uat lo tlio Company
Jioltivff
Oo$t of other roadt ownp<l hy the Unltlmore 3i Ohio
Bultlninre & Olilo A OitodK" llallroad.—
& mall, 320
refrlg'tor,
30,847 tr'gbtMid rood tun.
-99,347/tSOOO
State liliui Kollrond
Sklimlsh Branch Railroad
Baltimore Woah. A Alex. Branch of the Wank. Cfty
Philadelphia Branch Railroad
<t
O. ear
&
Point IXMkoat
10,430 IB
640,000 00
6,353,434 46
RK.
»6 engines, 30 passenger, 5 baggage, 3 retrigerator and
3,30tf freight ear*.
Mlteellaneou$
Bondt.
$1,783,204 00
2,429,600 00
OttHctisA
Hotuli of Jisut
duo 18S5
due 1902
duo 1910
1890
9417,208 00
378,48s 00
45,49(1
00
996,408 (K)
2,400,800 00
«841,1»2 00
On
duo 1927
Wash. & Alex. Branch of the Wash. City
account Bait.
$321,000 001
379,000 OOi
892,000 00
..
10,563,424
OO
00
00
00
00
2,523,413
3,l86,Ht8
1 ,933,904
2,400,800
474,320 00
44,0OO (Ml
,
Point IXMkout RR. Co.
275,240 SS
3.000,000 00
7,744,000 00
1,445,000 00
i 0,000.0<N>
00
3,008.186 SS
4.840,000 00
1,028,000 00
Washington Brunch stock....
hati<l (sni>plies, fuel, etc.)..
agents, current freight and passenger balances
hands of oWcers and agents
hands of Treasurer
12.334 15
521.273 ,V.i,
2
77
427,171
490.387
1.068,865
1,025,955
61
38
73
4t
41
1
533,607
67
188,373,461
1»
10,792,5C6
0*
680,043
33
4<>0,000 00
8,872,00000
S'S$>S99*;0
0,680,000 00
31 ,001 ,00b
OO
11,610,000 00
7,600ke<'«00
1,.582,000 00
20,708,000
OO
2,250.000 00
22,994,000
00
140^)00 00
540,000 00
680,000
OO
107,473 17
77,768 00
275.340
S»
62,266
30
TotaU.
at
6 per cent—Main stem
Philadelphia branch
secured by mortgage litn main line :
1880. eict<-ndcd at 4 i>er cent, January niMlJuly
l,oan 1853, due IH
Ix)an 18.'>3, due 1935, extended at 4 per cent, April and October
'-'
.
1.1688 paid and canceled.
B»
1,933,(H(;
209..1
Due from
Ground Rent ii«n».—<3apitallzcd
31,000,186
10,635.445 13
1,322.701 PO
Due from other railroads in general account...
Due from the CIu. Wash. A Bait. RB. Co., Judgment, etc
Trallic balances due from counccting lines
Bills and accounts receivable
.......••
Bonded
00
et.
Bonds and stocks owne<l by the B. & O. RR. Co. as per lists Nos. 1 and 2.
Advances for construction and permanent improTementa en leased lines.,
In
In
3,500,000
97,611,012 00 $1,592,000 00
loan,
li
5 per
—
Cash
Cash
49
S.it O.Ooniol.\
Vnintetled increment and appropriations of sinking funds....
JBonds and stockit held by Trustees «« security for banded debt
Purkcrsbur^' Branch Kallroad Ist mortgage bonds.
BHlttiuore A Ohio A ('liicasro Ilailmad l.^t mortgage bonds
Baltimore Js Ohio ic Chiiago Kallroad stock
Pittsburg A ConuellsviUc Railrosd L'd consolidated mortgage Ixmds
Wheeling Pittsburg A Baltimore llallroad lal mortgage ($5.00O.tK)O) bondn.
Bnlliiricire & I'hilaiielpiha BR. Company 1st mortgage (41,000,000) bonds..
Materials on
8,095,110
tnml:
Sinking Funds:
On account sterling loan,
On account sterling loan,
On account sterling loan,
On accoiuit city loan, due
On account sterling
mt.MAVl 0«
$7,744,000 00
j,503,4S0 00
Fairmont Mor^aDtown dc rittalmrg RR. Co
Ohio A nultlinore Hliort Line Railroad
P.
CoiisiJitiDK of
M&a,433M
14^193,513 4«
4,6«0,A«7 67
RB. Co.—
Kcprojiriitrd tiy buuds
Krprosentcd by stock
Squipment of
*3«,HM.3M 73
dilit
1 S90. Citv 6 jier cent, January. April, July and October
lioan 1875, dueliKio, purchase of city's inten-st in I'. AC. Rll
Less 13 annual payments to July 1, 1888, of *40,(KK) each 12 annual
be made, (i l>er cent
x« »;.«,—.. .uj
$2,500,000 00
790,500 00
~
1.709,50000
5,000,00000
Loan 1854. due
;
1,000.000
payments yet
(X)
to
520,00000
6 per cent..
,
due 1896, £800,000 sterling <**4 84, March and September,
Loan 1872; due 1902, £2,0()0,000 auninga *4 84, March and September, 6 percent
and
November,
6
May
i>er cent
84,
sterllugaiH
£2,000,000
due
1910,
Loan 1874,
._.
Ix>an 1870,
Bonded debt sreuredhiimorlQntie lien and collateral:
,„ ^ „^., ,,
Ixian 1883. due l!»:i3, .i:J,4(M).0(>0»tctlingu-$-l 84, April and October, Philadelphia branch, 4>3l>(rceat.
Ix)an 18«7, due 1988, consolidated mortgage. Ani'ust and February, main stem, 6 per rent
l.oan 1887, d\ie 1988, consolidated mortgage. August and February, main stem, 5 per cent
Bonded
debt secured bg eoUattral
„
^ ^ ^ ..
„
Xx)an 1879, due 1019. Parkersburg branch loan, April and October, 6 i>6r cent
Ix)an 1877, due 1927. £1,600,000 stciiingf£*l 84 (H. A O. A C), June and December, 5 percent.
Loan 1885, due 192.1, on account Pittsburg A (Jonnollsville, February and August, 5 per cetw,.........^
82,.')0O.0OO
Loan 1887, due 1897, oar trust bonds, January and July, 4 « per cent
250.0«X>
:
I«88 1 payment (9 annual payments yet to be made)
—
Hie Ti'illimore <t Ohio RR.
Ylrtfinia RR. Co., 6 iM3r cent,
Bonds assumed by
North western
A?exaSb™.cTof
the Washington City
Ac.
4
to the slnllng funds in 5 per cent eonsotUated bondt
In cash
Dividends and coupon intcre.'t nnoaUed for .............—
Due to the Baltimore A Ohio Kmployes Relief Association.
Due to the Baltimore A Ohio Kniployes Savings Fund
Due to the Baltimore A Ohio Employee Penaion leaturee..
Duo to other rocds on
— ...................•*. — ....
Point Lookout RB., 6 per oent
Due
••—
579,500 00
•
8,000,000 00
7.744,000 on
10,000,000 OO
63,906 3'
70,785 70
30,164 60
general nooount
210,710 87
Traffic balances duo to connecting lines ...............
Accnuul interest on funded debt to September 30, 1888....
Accrued rentals to September 30, 1888
Accrued taxes to Hepteiulwr M), 1888
Special loans and
bills
Pay
Front and loss.
Totals
II
panics.
5»
1. 939.163
OO
402,31199
i«:
7>»i«7:
it
3,478.310
795,846 48
710,215 40<
roll.i
A"'
In
Wag.
383Heso
payable
Accounts pajable
16B,8M6T
7«
l,eaB>S91
attiichud.
7*
:
—
:
THE CHRONICLE.
634
TABLE
[Vol. XLVII.
B.
STATEMENT OF NET EARNINGS AND INCOME AND FIXED CHARGE3 ON THE SEVERAL LINES OP THE SYSTEM, TOGETHER
WITH THE PROFIT OR LOSS UPON EACH FOR THE FISCAL YEAR.
Vet
I
Oharqes including
Cash faymeiUs la.
Earnings and Sinking Funds.
Profit.
Lo>$.
Reni'ls, Taxes and
Interest on Loansl
Income.
and Discounts.
Main lir e and Branches, including South Branch, Fairmont, Morganand State Line Railroads
town & Pittsburg,
_Washington Countr
£
..
Parkershurg Branch Railroai
.
$4,177,046 30
110,176 21
46,.549
Philadelphia Division
Pittsburg Division System
Wheeling Pittsburg & Biiltlmore Railroad Company, Consolidated...
Baltimore & Ohio & Chicago Eiilr.iad Companies (Chicago Division)
Central Ohio Railroad (Central Ohio Division)
Sandusky Mansfield & Newark Railroad (Lake Erie Division)
Newark Somerset & StraitsviUe Railroad (StraitsvlUe Division)
50
840,103 ,')2
13,240 71
164,040 30
2S'4,186 98
198,066 15
13,101 49
304,419 19
Washington Branch
Mlscellaneoue iocome. Main Stem
Schuylkill Eiver East Side Railroad.
Totals...
$2,865,522
204,546
557,173
1,227,853
4,885
502,170
448,158
228,522
78,482
10,503
82
44
$1,311,523 48
$94,370 23
510,624 38
337,450 25
88
77
92
24
39
02
32
8,354 7J
337,329 91
163,971 41
29,555 87
85
293,915 34
65,380 83
$6,152,930 35
1,046,240 59
160,720 21
S,127,819 65
$1,613,793 61
1,016,240 59
,588,6-2 91
$7,359,891 15
B.314,043 99
$2,660,034 20
$1,614,187 04
1,045,847 16
186,224 34
25,504 13
;
Balance.
SUMMARY.
Main Stem and leased
lines,
income
Less sinking funds Pittsburg
&.
Connellsvllle and Baltimore
& Ohii) &
Chicago
$808,918 84
50,987 02
$751, F31 82
293,915 34
Washington Branch.
$1,045,847 16
Total.
National Banks Withdrawing Circulation —The
Se3-
retary of the Treasury has issued the following circular
in regard to deposits of lawful money to retire circulation:
la order that the national banks desiring to withdraw bonds
deposit with the Treasurer to fecure circulation may be
fully informed of the course to be pursued, notice is hereby
on
.given
1.
That section
9,
act of July 13,
1882, limits to $3,000,000
on every sido. Picking wUlcoiumenc; shortly, and a week or two should
see small sample arrivals ot our new crop. Aftar the Dewall holidays
are over picking will go on gimorally. and samples should come in
pretty freely. Reports from the district are favorable.
Akote, Oct. 16.— The weath'ir durlni; the past week has been very
hot. The cotton crop is developing fast with the contiuued warm
weather, and the pods are now bursting pretty generally. The flrst
picking will be started in a week or so in the earlier sown districts, and
small arrivals will begin to come in after the Dewali sar about the 15th
November. Ever^ thing promises an early crop and good quality.
JULOAUM, KHANDEisii, Oct. 17.— Daring the past week the sky was
cloudy, and it was very hot, but no rain fell. The liot weather we are
having is bringing on the plants rapidly, and the cotton pods are commencing to burst and will soon bo so far matured as to allow of the first
the amount of lawful money to be received by the Treat ur^r
for that purpose in any cm calendar month.
3. The limit for the months of October and November havpicking being started.
ing been reached, and it being probable that the movement
KujGAUM, Oct. 17.— The weather during the week has been hot
may continue, it is hereby ordered that, until further notice, and sometimes cloudy. Picking has commenced on a small scale, and
deposits of lawful miney for the withdrawal of bonds be ginning will comuence in a fortnight or so. At present no new cotton
is coming In to our u: arket, and we do not expect arrivals of new cotton
received at the office of the Treasurer of the United States at
until after the Dewall holidays.
"Washington, and nowhere else.
DiiCLlA, Oct. 17. -The weather during the past v eek was very warm,
3. Tenders of deposits of lawful moiiey may be made to the with heavy dew at night. Tlie last few e\-oain»3 have been rather
Treasurer of the United States on December 1, 1888, and at cloudy, and If we get the showers we occasionallv get towarls the end
12 o'clock noon all tenders received up to that hour will be
considered by the Treasurer. If the amounts so tendered
shall, in the aggregate, exc ;ed the limit for the month, the
deposits to be accepted will be determined by lot under superTision of a committee which will be appointed for that purpose, and the remainder will ba entitled to priority after
January Ist, 18S0, in the order assigned to them by the committee. If the amounts tendered should not exceed the limit
all will be accepted, and tenders subsequently made will be
accepted in the order of their receipt by the Treasurer of the
United States.
of October,
we
fear the.v will rather interfere with the flrst picking,
which Indeed has commenced, and Is general over our district. Cotton
will come in freely in about a fortnight or so.
Babsee, Oct. 17.— The weather during the early part of the week was
clear and bright, but the last three days it has been cloudy, and we
expect that we shall have rain in a day or two. Crop reports from the
districts are very favorable,
in a few davs.
and we ezoeot
BROACH
to be able to send samples
DISTRICTS.
17.— Tlie weather during the flrst three days of the
and clear, but latterly the sky became overcast with
dark clouds, whicli, however, were carried away toward the north,
northeast and northwest, where they discharged their coLtents and
removed the anxiety of the cultivators. This rain will do immense
good to the crop, as it was in need of it. The plant? are now looking
'resh and strong, and prospects are more favorable.
Surat, Oct. 17.— This has been a trying week, the heat and sultriness
Broach,
week was
Oct.
flue
4. Deposits tendered in excess of the limit will be returned
to the banks by which they were tendered; but a record will
be kept of the order in which the tenders were made, and the havlrg been souiRthiag extraordinary Clouds m ike their appearance
banks making the same will be entitled to priority after daily, but nothing comes ot it. That rain will fall seems a certainty,
and if this occurs within a few days not much harm will accrue. In the
January 1 1889, in the same order.
Kouthern portion of our district the crops are so far advanced that rain
the north it is recjuired.
5. Banks giving notice after December Ist of their desire to Is not needed, but toward
DUOLLERA DISTRICTS.
deposit lawful money will become thereby entitled to priority
BHOwmTOGUR, Oct. 17.— The southwest monsoon has evidently passed
in the order of the receipt by the Treasurer of the United us, and there are no signs of furtlier rain to support the growing plants;
but the dews at night are becoming (Icutiful, and these will materially
States of such notice.
help to sustain the cotton plants for a couple ot months. The new crop
will certainly not be one ot superior (inality, but it will most probably
C, 8. Fairchild, Secretary.
be an early one. Our distric: reports are somewhat more cheerful than
usual, and the.v estimate the crop at about 40 per cent of the average.
WUDWAN, Oct. 17. With the exception ot 7 eentimcires oi rain, w hloh
on the 11th lust., the past week has been ((uite ramle-s. For the past
fell three or four days clouds have been gathering regularly each day hut
East Isdia Crop.— The following is from Messrs. Gaddum, only to be dispelled at night. We trust we shall bo better favored, however, before manj^ days are passed, as, owing to the long drouglit, the
©jthell & Co.'s cotton report, dated Bombay, Oct. 19
temperature during the day is excessive, being very ofcen 100 do„-rcc3
Reports regarding the growing crops are, on the whole, the same as in the shade. There is nothing fresh to report in crop prospects. One
last week. Some rain has fallen In parts of the Broach dlsl ricts, and re- good fall of rain would make a vast improvement iu them, and favorprepare the ground for the late seed crops.
ports thence are accordingly more favorable. We have received the ably
VERHMciAitM, Oct. 17.—The weather during the past week has been
'following reports from our up country branches
excessively hot. Clouds bank up every evening witli all appearance of
rain, but next morning It is perfectly clear. Our reports tram the dis,
,
:
OOMHAWtnTEE
OOMHAWUTTK,
Oot.
weather, at times a
17.—Since our
DIBTKICTg.
last report
we have had very
fine
tricts continue satisfactory with regard to the condition of the crops,
but the want of rain is sevcrel.v felt all rounJ. It the rain holds off
longer it is said that it will reduce the yield. The want of rain is
retarding the grain crops very much, and as It is oustouiiry here to cut
and harvest the grala before picking the cotton, there is some llkellhooil
much
little cloudy, but no rain.
Reports from all the disvery favorable. Picking Is now general all over the district,
••nd we expect to get email samples by the end of this month or early of our being late.
TINNEVKLLY.
In November.
TUTICORIN, Oct. 14.— We have had our usual weather for this time of
Khamoxum, Oot. 17.— We have had very warm weather during the
the year, and the cultivators are busy preparing iheir fields for the next
»ast week. The cotton plants are coming en fast, and pods are openinK crop.
tricts arc
i
.
NOVBMRKR a,
"^Ixt
.
THE CHRONICLK.
\>iiiS.\
^ammjercial ^imts.
incident of
Fbidat Nianr, Nov.
week was a sliarp decline
'tl>e
23, 1888.
In
COTTON.
wheat.
Thero was also a weakening of the cotton speculation under
unfavorable foreign advices. The weather has been cold in
stimulating local trade in seasonable goods. A
large movement in wool, followiog the late election, has been
ucoeeded by a quieter market. Some manufacturers find
themselves embarrassed by a glut of goods at high cost. The
depression in financial circles is also reflected to some extent
on the mercantile Exchanges.
The demand for lard on the spot, though not active, has
been sufllcient, in conjunction with the speculative movement,
to cause a further advance in prices, and the sales to-day were
1,800 tc8. at 810c. for prime city and 8'82J^(a8*8Sc. for prime
Western (held higher at the close), with refined for the Continent quoted at 9c. The speculation in lard for future delivery
was quite active on Monday, and prices made a decided ad.
vance a decline on Wednesday and some depression yesterday were followed to-day by a steadier market.
m
fmdat. p. If.. Vor. n, lan.
Obop,
Indloatad by our tiltgriiM
from the South to-night, ia given below. For Uw wr—li aadiac
the
total
receipt* have reached •N.Mt ImIml
thia evening
against 203,869 bale* laat week, and 973.001 bales the preriooa
week; making the total receipts sinoe the let of Sept., 1888.
9,8S8,87t bales, aniosi 9,674,(l9 bales for th* same period o^
1887, showing a dJMreaje aJnce Sept. 1, 1W8. of H6.i78 baleai
Tb> UoTrancNT or
COMMERCIAL EPITOME.
An
885
K$cttplnU--
•
Utm.
Sal.
W*d.
Tfut.
Tkttn.
rri.
AM.
'
all latitude?,
;
DAILY CLOSmO PRICES OP LABD FUTUBES.
Saiurd'y. Monday Tiietd'y. Wedntd'y. Tkurtd^y. Friday.
D60.deUverr.....o.
Jan. delivery
o.
Fell, dellvpry
o.
March
dellvcrv-.o.
May delivery
o.
Juno delivery.. ..0.
8-58
8'33
8-55
8-58
8-64
8-60
872
8-61
8-63
8-fi6
8-70
8-71
8-68
8-56
8-58
8-61
8-65
8-63
8-60
8-40
8-57
852
S-JiO
8-60
8-49
8-B2
8-55
8-52
8-5G
8-58
8-58
8-60
858
860
846
8!H
OalVMton
&,740
Uoblle
5,837
7,637
7,721
G,108
8,350
Oharleaton
I
I
|
I
306|
90«
9,302
5,961
2,053
2,000
8.869
80M0
%M9
17,»9»
7M
704
Port Royal.Ao
j
Vllmln^n
Waah'^n.&o
2,268
1,881
1,695
Norfolk
8,443
3,789
6,472
5,602
New York
423
Boston
Baltimore
PbUadelphla,Ao
455
418
628
1,936
1,184
3,464i
300{
900
4.83«
4,025
4,684
4,396
5.718{
81330
6,059
660
332
636
552
11,418
I
West Point...
0,7871
6,361
80,133
1,32«
3,781
3.964
864|
8,067
2,067{
j
N'wp'tK., io.
'
i33e|
694
233
131
65
BO
57
1391
663
J.
week 35.732 51.K47 57,813 38.348 33.775, 4'»,747 2S6,968
For comparison we give the following table showing the week's
total receipts, the total since September 1, 1888, and the stoolc
to-night, compared with last year.
91
TotHla thl3
1887.
1888.
Reeelptt to
yov. 23.
aine4S€p.
1, 1888.
Boston
Baltimore
...
29.132
1,326
2,731
2,954
2,067
PhU-del'a,
*e
563
Nwpt N.,ito
New York
1.233
247,978
174,372
30,847
9,117
17,890
8,80;-
9,751
Stock.
Thi$ SitutBtp.
Week.
1, 1887.
340,393 33,437
1,630
632.953 76,544
89.191 10,161
899
1.809
456,071 40,003
1,530
39,522
205,132 17,149
4,842
1,291
87.837
8,652
.
West Point.
14-35c. May
14'45o. 8epteml»er
14-50C.
January
14-500.
February
14-40o. Juno
5i^c.
for fair
Raw sugars have been firm, but close dull at
refining Cuba and 6}^c. for centrifugal, 96 deg. test. The
sugar trust has stopped work at another Eastern refinery.
Refined sugars are about steady. Molasses is jobMng at 43@
BOj. for new crop New Orleans, but foreign stock is nominal.
Rice is firm, and it is 'reported that the domestic crop this
season is not so large as last season. The tea sale on Wednesday went off at steady prices, except that country greens
38,3M
6.378
3,880
1,748
Braiuw'k,Ao.
.
:
8,236
Florida
BavaniuUi
.
higher prices, and the feature of the dealings is the advance of distant options beyond the price of early winter
deliveries, and the close is 8t«ady, with sellers as follows
November
14-50o. Maroli
14-45o. July
14-,50o.
14'30o. April
14-45o. August
14-50o.
December
3,8R»
e,930 12,847 37,805 18,148 11,354 14,037, 89,031
711
960 1,326 0.400
9,49«
3,180 1,809
Pork ha^ declined, and closes dull at $15 for extra prime,
Week.
50® $10 for new mess and $17@$18 50 for clear back. Balveston
25,258
Cut moats have favored buyers and close dull. Pickle belElPa80,iS[C.*
206
New Orleans. 89,021
lifs, 8J.i(a9".^c.; shoulders, 8%@8>^c., and hams, 9?^@10o.;
9,400
smoked shoulders, Qf^c. and hams, ll@ll^c. Bfof steady at Mobile
Florida
$7 50@ $8 for extra mess and $9@$9 75 for] packet per bbl.; Bavannah ... 39.040
India mess quoted at $1S@$33 per tierce. B.^ef bams are dull
Brunsw.,d(C
2,380
17,923
at $18 75@$14 per bbl. Tallow firmer and more active at Cbarleston
P.Eoyal, Ac
704
6V^<!.
Stearine quoted 9J^@93^c. and oleomargarine 7J^c.
Wilmington
11,418
Butter is decidedly higher at 21@34c. for creamery and 14®
Wa8b't'n,<&c
300
Cheese isah-o dearerjat 9M@llJ^c. Norfolk
26c. for Western factory.
31,830
Coffee on the spot has been fairly active at better prices,
and to-day No. 7 Rio sold at 14Jgc., but the dose was quiet.
The specula' ion in Rio opt'ons has latterly been strong toward
4,836
2,9«7
ElPsao, Ao...
New Orleans...
f 15
for State factory.
9,000
1888.
1887.
427,944
61,166
117,038
811,177
107,329
11,817
558,804
14,925
265,420
212,024
32,380
388,490
28,076
118,168
131,184
65,193
8.511
529;
22,345'
57,100
3,035
23,150
48,676
46,754
10,965{
15,000i
18,187i
5,28 1;
10,680
105.070
12,000
13,638
19,668
741J»08'
856.668
119.138
2,601
287|
232,800
214,959
40,167
3,400
25,558
3,365
26,659t
•.!0,22O;
6,205'
I,186|
4,148|
548<
1,4491
141,786
6,72-*
Totals ..'206.262 2,358.37 1 249.38312,874,549
• Not Included In 1887 until end ot gea«on.
In order that comparison may t>e made with other years,
give below the totals at leadina: ports for six seasons.
we
I
I
I
Beeeipli
at—
Qalveaton
New Orleans.
Mobile
.
Bavaunah
Charlest'n.dco
WUm'gt'n, Ac
Norfolk
Wt Point, Ac
Ail others....
1888.
1887.
1886.
1885.
1884.
1883.
25,464
89.021
9,400
39,040
18,627
11,718
31,830
30,458
10,704
83,457
75,544
10,101
40,003
18,440
8.939
26,650
26,425
9,760
38,788
76,815
10,932
39,486
04,804
0,366
83.602
33,110
4,602
33.341
13,649
7,0««
22,8P&
93,207
14,854
39,345
30,497
6,283
43,900
31,370
18,433
83,177
64.786
14,667
30,877
17,615
6,451
33,638
11.387
10,336
48,747
21,914
10,101
41,430
19,987
11,558
were slightly cheaper
Tot this week 286,262 240.388 280,262 359,92.'5 •2>Jl.f,!ia 223,189
Kentucky tobacco has been a little more active; sales
BlnoeBeptl. 2858,371 2874,549 3437.874 2435,2b.
J (20,384
for the week are 450 hhds., of which 200 hhds. for Italy,
The exports for the week ending this evening r«^i<'n a total
150 for the regular export trade, and the remainder for home of 193,0'J7 bales, of which l'^S,!)87 were to Great Britain, 18,874
consumption. Prices are steady. Seed leaf was less active; to France and 51,666 to the re^t of the Continent. Below are
sales for the week 1,600 ca'es, as follows: 400 cases 1887 crop, the exports for the week, and since Septemher 1, 1838.
Wisconsin Havana, 8V2@113^c.; 250 cases 1887 crop, Pennsylvania seed leaf, 9%@ I2>^c. 130 cases 1887 crop, Pennsylvania
;
Havana
seed, 14® 28c.; 200 cases 1887 crop. State Havana,
lli^@21c.; 120 cases 1887 crop. New England Havana, 13®
80c.; 150 cases 1886 crop, Pennsylvania seed, 7i^@12J^c., and
150 cases sundries, 5@35c also, 400 bales Havana, 60c.@ |1 10,
SttMnt .Vov.
Enfortedto-
ITwJi
Mjoporte
OrMt
from—
Brtt'n.
OalTMton
....
ao,sn
New Orleuu..
Mobil*
80,a»«
rrana
I0.M7
Contin*nt.
23,
rnm S<p(. 1, ISIitl.
ta
.Vm.
33, 1818
MmrorUtUTotal
Wuk.
«.siia
t8.0M
*o»a
SI.SOS
Onat
Britain. fVwitM
88,488
180.I8S
Conti.
ntnt.
AM.
10.77S
181*78
UW*8
88.98*
1013*8
*7*3U
iB^ii*
ii.eN
11.674
;
and 400
bales Sumatra, $1
18@$2
10.
riorlda
....
SavannAh
Spirits turpentine has been steady all the week at 46}^c.,
but the close is rather easier.
Rosins close steady at $1@
$1 05 for strained.
On the Metal Exchange business has been dull. [Straits tin
on the spot sold to-day at 22'40c. and is quoted 22-653. fo r
February. Like copper is nominal
Domestic lead
sold to-day on the dock at Sf^c, but is generally held higher.
Spelter declined and was quoted nominally at 8'67^c.
The
interior iron markets are dull but steady.
17 "550.
Chuleston...
4,517
8,100
Wllmlniton
MOO
Norfolk
Wwt Point
..
...
Nwpt Nwi.&c.
New York
Bocton
Balttmor*
8JM0
17318
....
ifica
Phlladelp'a'ae
1.188
ustser
Total
ToUl
1887
.
..
86.580
8l.m
S.BTO
5.100
S8,a98
18,8SS
«8,8W
IJSTO'
.....
<.10T
I8.«8i
18.SI7
3,788
10.888
0.368
86304
e,«(IO
0,483
iijm
SJSO
109,184
17.S18
SMS*
».7W
it.tn
SMH
•JIM
aiaas
8SJ8(
1.188
16M*
11*384
msm
i%m
ia«.i8< 80,018
08.49*
SM
9jn7
njHi
41377
Wtio
......
vrjaei
mm
i*Tn
883*8
8aj«e
4381
•1.1*7
T8S{
nao»
asr.iaa 148374
•il,4«8 13*8,48*
ai.n* 4S.SW1 183.IMS
838 078 108,78*1
MM.SSl I.7f8.t*t
U.374 si.oas
THE CHRONICLE.
636
In addition to above exports, our telegrams to-night also give
ns the following amounts of cotton on shipboard, not cleared,
at the ports named. We add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
ft Lambert, 24 Beaver Street.
On SMpboard,
Leaving
AT—
2fov. 23,
Great
Britain.
New Orleans...
None.
137.448
17,880
40,093
83,468
28,834
12,575
117,336
54,307
93,375
28,153
249,657
491,941
51,913
80,241
30,192
22,687
246,694
256,919
608,959
662,964
None.
21,505
121,101 43,488
109,977 44,014
Total 1888
106,624
Total 1887
Total 1886
MobUe
..
74,576
4,500
25,100
34,700
32,331
36,000
24.450
18,000
6,908
None.
2,100
7,000
10,145
2,000
None.
16,418
..
Bavannah
Galveston
Norfolk
New York
Other porta
None.
2,000
None.
2,337
None.
750
Slock.
Total.
viite.
29,020
None.
21,000
18,100
3,355
3.000
16,900
2,000
22,230
4,500
None.
9,600
16,494
31,000
6.800
16,000
Charle«toi«
Coeul-
Other
France. Foreign
The Sales and Prices op Futdrks
iog comprehensive table
The speculation in cotton for future delivery at this market
was without much spirit for the first half of the week under
review. There was some advance on Monday, due to bad
picking weather at the South and no increase in port receipts,
but it was lost on Tuesday, uuder exceptionally large receipts
at the ports, an unexpectedly weak report from Liverpool
and advices of better crop prospects in India, with a large
Bombay and Ctiiaess
accumulation
of
goods
at
ports. There was also better weather at the South and
fuller receipts at interior towns. But the bulls, fortified
by the comparatively small visible supply and the
V2
a
-
-
tt X.
O
•CO or"
—
to
to
some depression
followed by a partial recovery on a
demand
>o
.
t-*
o
S
?
»2?
oiA
2
a
I
«
go f
S*.ooo
MO
:
00
-4
^
CDQD
*"
tcto
a
tcto
-] -1
«.«:
to
C
teto
5
2
lOClO^
-
1
(Do®
-^1
od
5'
»i^ 2
l^KlM^
<i<i
2
-3<1
a^Gc^^^
©00:
1
^-J 2
OC<lM^
O'OJ
If*-
to
co®o<^
CO
O'-C
toto
5
OCX
2
s.w;
«.<•:
I
I
•iob'-'-^
tCM
tcto
2
"^
1CO1
totooto
^,^o<,
:
totOo'O
-q-jo-i
CO
tocooto
2
s)
si.-i;
I
CD
to to
O
^
toto
-^-j
coo
I
Ci
I
-1
Oh-
IJ
tOCOoW totOo^
c-
:
to
<:;»
coco
-
«
I
do©
a »
^
tcyt
top*'
a.
S-Sa
tHr
on
«r:
I
tetogto
fipeo
1 ®to!r
g ®«0»'
^
w
I
gw
p
to
Swcoc,
rooj
da
o
IE?
I
large current consumption, made strenuous efforts to maintain values and wait for developments. Yesterday a sharp
decline in Liverpool caused
;
:
OO.i
as
•.J
•-
'a-
'
I
»o»3
13 »EP
S.te o^
I
<
;
2«
P
a 0*:|0
o
o
oSEB
OD"
p.* o
o
;
<J
WW
tax
'^
^'<
CO
aa
o^n SB
E3
tr
^^
^
»
S-aS-i
CD O 9 (B
OD-
shown by the follow-
are
:
<5.
O
not cleared—for
[Vol. XLVII.
'
I
cc
9p:
to
«o«
aOoo
totooto
(xoboct
o
tOM
to
,
1
in this market,
to cover contracts.
To-day an early decline, in sympathy with Liverpool, was
followed by a recovery, on a demand to cover contracts, but
the total absence of any outside interest caused a dull, weak
closing. Cotton on the cpot advanced l-16c. on Monday and
declined l'16c, on Tuesday. There was a fair demand for
home consumption, and less complaint was made of dispropDrtionately free offerings of low grades. Yesterday the
oSerings were more liberal. To-day the market was dull and
Wi&k at 10c. for middling uplands.
The total sales for forward delivery for the week are 390,200
bates. For immediate delivery the total sales foot up this week
3,879 bales, including 493 for export, 3,886 for consumption,
in transit. Of the above
for speculation and
bales
—
were
each
—
UPLANDS.
Ordinary
Btrlct Ordinary
6ood Ordinary
Btrlct Good Ordinary
678
"Plb.
8li«
81^,6
81»,8
99l8
91a
9^
9\
10
GULF.
!
Sat.
101,8
1038
lOSg
11
11"8
I
!
FbJt
BTAINJEO.
7
7»„
7H
7»«
8<<g
89,8
91,8
958
978
Middling
9\
10
678
718
87,6
§;^i«
9i«
9%
10
Th. Frl.
7
7I2
8»,8
Ollfl
non Xaea Wed
678
fl lb.
LowMlddUug
815,8
91a
Frl
7
00
o
00
5
coco
5
7ifl
QDCJ.
**
COW
-"
S?i»
91,8
95g
979
til'
9«8
911,8
91^
9=8
9'9
9'8
916,8
978
10i«
1019 103,8 10%
1018
10%
107j8 101a 107,8 107,8 107,8 107,8
1011,6 10%
10ii,a 1011,8 .on. «;ioiii8
ll'ie llifl
ll'i6 lUlg llii« ilHie
ll"ii ll=\i ll"iB lll'is llilielliiie
Sat.
Btrlct
10
7
9%
678
7i«
105,8
105,8 105,8
109jg 10»jg 109,8 109,8
1018,, 10lt,8 1016,6
11»18 11»16 ll»,e
mon TaeajlVed
7
ft lb.
9^
10
Tta.
87, 6
9
105,8
109,8
1016,6
ll'l8
Middling Fair
Pair
7^8
9>«
9%
Low Middling
6'»
7J8
87,8
8lS,f
MlddllnK
Good Ordinary
Good Ordinary
615,,
7%
Good Middling
Btrlot Good Middling
Ordinary
Btrlot Ordinary
Good Ordinary
Btrlot Good Ordinary
liOW Middling
Btrlot Low Middling
Middling
Good Middling
Btrlot Good Middling
Middling Fair
non Tnes IVed
Sat.
IiOwMlddUnK
Btrlct
—
to arrive. The following are the oflicial quotations for
day of the past week Nov. 17 to Nov. 28.
71a
l>
8»8
97,,
91a
613i,
71a
97ig
613,8
71a
S?i«
87i8
les:
SALES OF gPOr AND TRASSnT.
CLOS'tD.
8a».. .Steady
Hon. Firm®
Tae8. Steady
Wed. Steady
Thnr. Easy
Frl..
Total
The
1,8 adv..
1,8 dec.
JBx-
Con-
613,8
7I2
613,8
713
97,6
%>
97l8
porU
tump.
FUTUaKS.
Spec- TraTiTotal.
ut'l'n
493 1,090
451
1,583
Salet.
4.4 <2
493 3,396
3,879 390,20ui
11%
673
....
Delir
eriet
32,200
451 72,000
385 80,700
445 e.-s.ioo
573 79,300
442
S.
I
CJtrfl
^f.
1
1
aM;
I
«
<
2
:
cooo 0000 0000 OCpO
•-'^'co'-'
o
o
tccoOco
CJ«>0 4l
Il>-~1
it
'-J
>
I
I
I
I
d:
I
I
I
I
I
I
h->^
05
to
>
r
«:
:
!
5
^
5
•
1
I
I
* Includes sales In September, 1383, for September, 163,3t>(K
Sep*
tember October, tor October, 394,100.
17* We liave Included In tlie above table, and gliaU contlnae eaeb'
week to give, the average prloe of fntores each day for each montli. It
will be found ander each day following tbe abbreviation "Aver." The
average for eaob month for the weeb Is also given at bottom of table.
Transferable Orders—Saturday, 9-70c.; Monday, 9-70c.; Tuesday,
Wednesday, 9-650.; Thursday, 9-650.; Friday, 9-600.
9 7O0
;
The following exchanges have been made during the week:
.--
dally deliveries given abo-vv are eu!to»Uy delivered tiw I'ay
1,0 Uiat 6u wiuou liiey ure reported.
p;eviou8
a.":
Frl.
HABEET AND SALES,
The total sales and future deliveries each day during the
week are indicated in the following statement. For the convenience of the reader we also add a column which shows at a
glance how the market closed on same days.
BFOT UAKKET
1
MM >
00
5 09 U <=?
lb*.
o
2
00 " »*
««.•
•12 pd. to exch. 100 Deo. for Jan.
•13 pd. to exch. 100 Jan. for Feb.
•50 pd. to exch. 300 Jan. for June.
09 pd. to exch. 300 M:iy for June.
24 pd. to exch. 100 Jau. for March.
13 pd. to uxch. 100 IJ.c. fpr Jau.
-2 J pd. to exch. 203 Jan. for March.
•50
-32
•38
-13
-13
•:Si
14
i)d.
pd.
pd.
pd.
pd,
pd.
pd.
to exoh. 20O Jan. for Jiine.
to exch. 900 Jan. for April.
to excli. 300 Dec. for March.
to Bxoli. 5 'O Nov. for Jau.
to cxcU. ."iOO Dec. for Jan.
to exuU. 1.000 Nov. lor May.
to exca. 3 ,00'J Nov. for Jan.
November
TIIK (niRONICLR
24, 1888.1
687 a
Thk ViaiBLC S(n>PLY or C!otton to-niftht, aa made up by cable
rhe abovB totala show ih»t the oM int^riijr «ux-Ka rtav*
«nd telegraph, ia aa follows. The Continental atooka, aa well na OiircoMd during lb« WMk iit.KlS bstoa and an lo-alcht 1O7.0M
(irrait
Hritnin
the
afloat
and
are this week's returns b*tM U$$ thM At the MUM
thoae for
laM TMr. Th* rwatpM «•
nd consequently all the European tlKurua are brouRht down the Mun« towns h*T« bMapMted
M,8U bdwa U— tkftn •'^- --"nm
toTharaday eveains. But to make the totals the complete week Uat year. »nd ilnos Bcptsmbsr 1 th« tMilpt
.«
Sguree for to-nixht (Nov. 33). we add the item of oxixirta from towns are 408.871 balM {«M than for ths MOM UflM
I
the United States, including in
the exports of Friday only.
1887
1880
IRH^
3(>6,o6o 5S3,o6o 488,000
il.l.'oioo
it
OUOTATIONB rOR UlDDLIKa OOTrOM AT OTBIR llARXSn.—
I a the table below we give the oloaing quotation* of middlisg
IS,000
cotton at Southern and other prlnoipiu cotton nurketa for «••
433,000 day of the past week:
1fl8R.
took
nook
at Liverpool
at Lundoo
bales
Total Qreat Britain stook.
tack
at llHiiiliiirK ... ........
Btook at
HrtMiii<n
"fltook at AiiiBt4^rdain. .........
6,000
tf.'t.OOO
19,000
373,000
S,000
8,400
4,000
9814,000
901,000
3,000
24,000
22,000
1,600
:<,000
12,1^00
4,000
31,900
30,000
600
Stock at Ki>tcerdam
fltock at Autwerp.. ...........
Stock at Havre
..
Stook at Mars«IU«s
Stook at Barcelona
Stock at Oenoa.
Stook at TrlMte
300
SOO
300
800
300
000
101,000
2,000
28,000
4.000
9,000
178,000
2,000
37,000
2,000
9,000
196,000
2,000
30,000
4.000
12,000
2,600
113.000
3,000
30.000
8.000
7,000
Total Continental atooka
199,200
270,000
223,300
335,100
Total Earopean stocks....
India cotton atloat for Earopr.
Auier. oott'n atloat for Eur'pe.
Eity i>t, Brazll,&c. ,aat forE'r'pe
Stock In ITulted Htates port*.,
lock In U. 8. Interior towns..
(7nlt«d States exports to-day.
927,200
36.000
900,000
54.000
867,000
35,000
966,000
96,000
855,653
366,759
7,793
74I..'>98
258.760
21,134
724,300
33,000
398,000
96,000
668,100
25,000
912,000
40,000
ei9,8>48
M^ft.7:^s
329,409
27,000
300,231
10,950
Total visible supply
2,139,012 2,754,205 2,487,558 2. 420,019
Ot the above, the totals of Amerloaa and other descriptions are as follows:
Liverpool stook...
..bales
Continental Htooks...
.,
277.000
90.000
500,000
741,998
258.760
21,484
Amertoan
afloat for Europe..
United States stock
United States Interior stocks.
United States exports to-day.
Total American
361,000
124.0O0
566,000
855,653
366,759
7,793
313,000
118,000
398,000
019,883
329,405
27,000
306,000
157.000
612,000
855,738
300,231
18,990
1,889,842 2,281,209 2,105,288 2,149,919
K€Ut Indian, Brazil, ate.—
Xilverpool stouk
192,000
35,000
155,000
35,000
96,000
89,000
6,000
65,200
36,000
54,000
London stock
OontlQoQtal stocks
.,
Inila afloat for Europe..
ttgjpU Brazil, dtc, afloat
173,000
15,000
105,300
33,000
96,000
109,000
18,000
79,100
25,000
40,000
OLOSOrO QUOTATIOm rOB
JTof. 33,
OalvestoD
New Orleans
Mobile
Savannah...
Charleston..
Wllmlnffton.
Norfolk ....
Philadelphia
Augusta ....
Mmnpbls....
BU LouU....
250.200
473,000
270,100
382,300
1,888,842 2,281,205 2,105,288 3,149,919
Total visible supply
2,139,042 2,754,205 2,487,588 2,420,019
FrlceMld. Upl., LlverpooL...
SHjod.
5"«d.
5*ifid.
S'led.
Price Mid. Upl., New York...
lOo.
10>«o.
97„o.
9SisC.
The
imports
Continental
ports
this
week
have
into
been
t^~
71,000 bales.
The above figures indicate a decreasi in the cotton in sight
to-night of 615,163 bales as compared with the same date of
1887, a decrease of 348,546 bales as compared with the corresItonding date of 1886 and a decrease of 380,977 bales as
-compared with 1885.
At the Interior Towns the movement that is the receipts
for the week, and since Sept. 1, the shipments for the week,
«nd the stocks to-night, and the same items for the corresponding period of lS87— is set out in detail in the following
Statem'nt.
—
">
•^
OH
9H
0>«
9«4
9><
0««
10>4
Sl!«
9«B
2I>«
10>a»>4
io>fla«4
O's
9».
10>«
9\
Louisville...
9»8
»>t
»<«
0>*
9\
9H
Tlutrt.
WH.
|
•s
tfif
a^<
OH
9<>s
10>«*lt
ll'*
10>ck*i«
Olt
IOi«»«t
9U
O^S
10 >«
2ii«
OOg
o»»
»»IS
..
Cincinnati
Wtdmt.
Ola
ei«
Sii*
9^
MIODLnO OOTTOa
Am*.
2U««
0^
oV
9>»
ou
Boston
io>ge««
BalHmore...
10>«
9»IS
9»1S
9ii,«
9\
90s
0\
9\
9H
9\
9\
Receipts feoh the Plantations.
— The
10^
10)i
0*i«
»<*
9'a
OS
0%
9\
0\
9\
following tabU
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor
Southern consumption thev are simplv a statement of tlM
weekly movement from the plantations or that part of the crop
vhich finally reaches the market through the outports.
;
Wuk
RectipUatthtPorU. ISfkat InttriorTowtu. Btc'rU from
Mndinrlaas.
Oet.lt
26
Not. a
9..
Total East India, <ko
Total American
jren.
IS..
28S3I8
I
1887.
un.
1888.
in.TM *eSJ8S 186.im 2W,7M
I
PtmWm.
laea
I74.»7> ilM.487
»I.»1»
2t8,48S2»t.aetsT0.fa7 9S8.w7i88.7u'i9a,aa»a(n,w«8ssjm
271,««8 i88.i74,*7t.63e »7S.«»4j80i.R«i ai.aos an,89*,aK.]i
4jta
.nsjuo
.{S88,M8 t8<318!*8U8e'SirT,180'a84.7V4'aOS.480'M8/l7« SK.ges t7».7ie
MftJMS'SOSJSS 8ee.0»'40e.418'«88.44S a(W.I«0 ST4.«ts'3SajS
—
The above statement shows 1. That the total receipts from
the plantations since September 1, 1888, are2, 636,439 balea;
in 1887 were 3,360,147 bales ; in 1886 were 2,755,893 balea.
2.
That, although the receipts at the outports the past week
were 266,263 bales, the actual movement from plantationa waa
293,235 bales, the balance going to increasa the stocks at
the interior towns. Last year the receipts from the plantationa
for the same week were 274,022 bales and for 1886 they ware
309,160 bales.
—
Amount of Cotton in Sioht Noy. 38.—In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to Nov. 1, and also the
takings by Southern spinners to the same date, so as to gira
substantially the amount of cotton now in sight.
1888.
1887.
188«.
1885.
Reoelptsatthe ports to Nov.23 2,358,371 2,974,949 2,437,874 3,435,282
Interior stocks on Nov. 23 In
excess ol 8ei>teml>erl
268,0691 335,598| SlS.Olsj 324,959
j
I
Tot. receipts from plantat'ns 2,626,439 3.2 HO. 1 17 2,755,892 2,740337
163,4651 ai'4,955| 147,086, 153,196
Netoverland to Nov. 1
00,000
85.000
68,000
Southern oonsmupt'n to Nov. 1
63,000
Total In sight Nov. 23
®W
rf*
*0 3t
X »-
O'
rf^
li
— » O » X O. X 10 CO A
2,878,004 3,550,102 3,970,978 3,062,993
Northern spinners' takings to
Nov.23
u
OStOM
U»
C
M
^^MM«hMMH'03CJ
M
'^ 'X
X
^1
^
00
«i
o
M
« A ti -o •»
w'
w
»&
1^ ;^
Cl -J -J Ci *^ to
«-•
19
10 00 fk. Od Cd
C CC -^
-.o
w -1 w
'^
tC OS 00
lU.
to
rffc
to
» « W CO
itf
I.
OO X
Mo
O
lb.
O 4^ CD O ^^ O
-jovoweow
00
t^Vt
-^1
en
X
iC 1^ O
O
X ^j
•^
5
-^
'-0
X
:j
CX
15
M
iP-
« O O C a OD V
I
1^ C^
M to CO
UMCdi^
I
MCOQOOa^COeOtO
"I
ODWiSk~lW»-'Xif»XWiJ'^C535tOt-«»OtO»
ooxostoc;;30iy*iov>o:'.o^o»'»cDi-<-4
CO
I
to
X*IC. l0tCt0ii-*»33XO^tC^O«0;O'-'
I
,
loao — swcjoj^'j';
^
".T
iJ
COtO
ICkOMfO
O w' ^ w.fl *J
"rne u^urea lurt liOtu»*»ie uo
Ogures estimated
i-*
MUQOCCUH.10^
-O3
X
CO
no M w-i woo rf-_^ 01 ^^"^ to r-^j^Oipi® *!__»
^VV|'l^l'lt0 05QD0i0lwi-*-M#»O'b»Ci
wen
QD
WO
-^1
lOtO
it^
tots
c xj ^ c X w t3 « ^» -' X h; o y ^ -- o
o«c;3ii5M^tovioDX^-0)*».oaocio
-g
^fot^UO
^J -^ CS
911,290'
918,331
Weather Reports by Teleoraph.— Reports to us by telegraph from the South to-night iadioate that the work of gathering the crop has been hindered during the week by rain,
which, though not hard, haa been continuous. The roada
being bad, marketing has also been interfered with, lieavy
frost is reported at Memphis this morning.
Oalvesion, Texas. Rain has fallen on three days of tba
week to the extent of forty-seven hundredths of an inch. The
thermometer has averaged 61, ranging from 46 to 73.
taltatine, rsaa*,- All work haa been stopped by the rain,
which has fallen on three days of the week. Tbo rainfaU
—
*J
Ci
03
cp
602,146
It will be seen by the above that the deeceaae' la amount In sight tanlKht, as oomi>ared with last year, la 671.108 bales, the deoraaa* aa
compared with 1836 Is 02,074 bales and the decrease Irom 1888
Is 84,089 bales.
tCUCi3aDUCCC>^>^U0avi:DUOX>-><l-^
CO oo ^1 OS *» to :
CC 'O :
CS
-^ QO
.
Ci li-
979,108
M'iV^
c:
.
w
M 50
O W.P
r. <•
i; .» SI
*.
X CO - 1
O
year* aie,"nou
>3)r
ti'iiia ytHix's
reached two inchss and thirty hundredths. The roads are
bad, and in consequence the movement of the crop ia aoapended. The thermometer has ranged from 40 to 63, avengingSl.
Han Antonio, r«aw«.—We have had rain on four days oc
the week, the rainfall reaching seventy-six hundredthaof aa
inch. Average thermometer 49, highest Ot, lowest 84>
Keto Urieant, £iouUiana,—U has rained on two days of
the week, the raicfall reaching eleven hundredths of an inch.
The thermometer has averaged 04.
.
,
^
Shreveport, LouiHana.—RMotM for the week one in^
and ninety-two hundredths. The thermometer baa areragod
49, ranging from 39 to 68.
...
Oolumbtu, Miiuissippi.—B^iwMtiimthMa rettr<l«l pickand it is claimed that considerable .oottoa has been de<
ing,
-
-
.
THE CHRONICLE.
638
Btroyed in the fields. The week's rainfall has been one inch
and seven hundredths, on three days. The thermometer has
ranged from 33 to 68, averaging 51,
Leland, Mississippi. It has rained on five days of the
week, the rainfall reaching two inches and twenty-three hundredths. Average thermometer 50'9, highest 78, lowest 40.
SreenviUe, Mississippi, Telegram not received,
Clarksdale, Mississippi. It has rained on two days of the
week, the rainfall reaching one inch and sixty-nine hundredths. The weather has been unfavorable for harvesting.
Vicksburg, Mississippi. There has been rain on four days
of the week, the rainfall reaching fifty-four hundredths of
The thermometer has ranged from 44 to 71, averagaoQ inch.
Bhipnuntt for the week.
Continent.
Shipments tinee January
Oreat
Britain.
ToUU.
Caloatta—
1888
OoHtinent.
Total.
61,000
127,000
87,000
226,009
3,000
48.000
57,000
14,000
13,000
62,000
70,000
2,000
1,000
80,000
87,000
36,000
35,000
11«,00(>
1,000
1,000
5,000
1,000
154,000
243,000
111,000
175.000
265,000
418,000
Madras—
1888
1887
others—
1888
1887
1.
26.000
99,000
1887
—
—
3,000
All
—
2,000
122,000
Total all—
ing 54.
Selena, Arkansas. The week has been wet and cold, and
consequently not much cotton has been picked. We ha ye had
lour days of drizzling rain, the rainfall reaching one inch and
There are indications of more rain or
forty-five hundredths.
snow this morning. The thermometer has averaged 45, the
highest being 68 and the lowest 38.
Little Bock, Arkansas .—The past week has been cloudy
The fields
every day except to-day with rain on four days.
are full of water and it is impossible to gather any cotton
except on very sandy lands. The rainfall reached one inch
Average thermometer 44, highest 53,
and four hundredths.
lowest 38.
Memphis, Tennessee. Continuous rain on five days of the
week has caused a virtual suspension of crop gathering, and
it is reported that considerable damage has resulted through
the rain beating out cotton. The rainfall reached one inch
and fifty-two hundredths. We had heavy frost this morning.
The weather is now clear. The thermometer has averaged 43,
ranging from 36 to 57.
Nashville, Tennessee. It has rained on five days of the
wetk, the rainfall reaching sixty-seven hundredths of an inch.
The thermometer has ranged from 34 to 55, averaging 44.
Mobile, Alabama.— It has been showery on two days of the
week, the rainfall reaching fifty hundredths of an inch. Average thermometer 56, highest 71, lowest 48.
Montgomery, Alabama. We have rain on four days of
of the week, the rainfall reachitg fifty-seven hundredths of an
inch. The thermometer has averaged 54, the highest being
1888
1887
—
5,000
I
BXPOBTS TO KUKOPa FROM ALL INDIA.
1888.
1887.
1886.
Shipments
10 all
Thu
Surope
from—
Since
Jan. 1.
meek.
Bombay
Total
This
week.
This
week.
Since
Jan.
1.
Since
1
Jan.
1.
858,000
265,000
1,000 1.066,000
1,000 418,000
3,000 1,016,000
4,000 261,000
13.000 1,123,000
2,000 1,484,000
7.000 1,277,000
8,000
5,000
Allotlierimrts.
—
—
Alexandria Receipts and Shipments. Through arrangements we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following are the receipts and shipments for the past week and for
the corresponding week of the previous two years.
—
—
71 and the low est 42.
—
Selma, Alabama. We have had rain on four days of the
week, the rainfall reaching one inch and seventeen hundredths. The thermometer has averaged 53, ranging from 39
to 65.
[Vol. XLVII.
Oreat
Britain.
—
—
-
Alexandria, Egypt,
Nov. 21.
IhU Since
week. Sept. 1.
Total Europe
200,000
1,182,000
ISO.OOO
1,296,000
160,000
953,000
Exports (bales)—
To Liverpool ........ 12.000
To Ckintiuent
8,000
1886,
1887.
1888.
Beoelpts (cantars*)—
TUi8 week
Since Sept. 1
ThU Since
week. Sept. 1.
68.0t>0 14,000
32,000
Thi$
week.
Since
Sept. 1.
92,000
20,000
97,000 11,000
46,000 5,000
5,000
20,000 100,000 19,000 143,000 16,000 118,000
A cantar la 98 pounds.
This statement shows that the receipts for the week ending
Nov. 21 were 180,000 cantars and the shipments to aU Europe
30,000 bales.
—
—
—
ManchestbbMabket. Our report received by cable to-night
Auburn, Alabama, Telegram not received.
from Manchester states that'the market is steady, and that the
Madison, Florida. Telegram not received.
Columbus, Georgia.— Oa one day of the past week rain fell demand for both yarns and sheetings is improving. We give the
The prices for to-day below, and leave those for previous weeks of
to the depth of sixty-eight hundredths of an inch.
thermometer has averaged 51, the highest being 64 and the this and last year for comparison
:
lowest
40.
Savannah, Georgia.
the week,
—We
have had rain on three days of
reaching one inch and fifty-eight
The thermometer has averaged 52, ranging
the rainfall
huiidredths.
from 42 to 72.
—
Augusta, Georgia. The weather has been cloudy during
Ihe week, with rain on four days, the rainfall reaching forty
nine hundredths of an inch. Cotton is coming in freely. The
thermometer has ranged from 41 to 71, averaging 49. The
early part of last week was clear and pleasant, but in the
latter portion rain fell
extent with picking.
on three days, interfering
to
some
from 33
The thermometer has averaged
to 72.
ranging
52,
—
Btateburg, South Carolina. Rain has fallen on three days
of the week, the rainfall reaching twenty-seven hundredths
.of an inch.
The thermometer has ranged from 40 to 69,
averaging
SH
32* Oop.
d.
d.
B.
Oot.l9l7''8
a838 6
26 778
Nov. 2;7'8
'48!% 6
"
9'7''8
" 1U|7''8
" 23l7''8
tb$.
Shirtings.
Tuntt.
••
Ootfn
®838 6
®838 6
as's 6
•838 16
d.
a.
97
37
d.
d.
d.
d.
®8
as
38
51618 738
1
1
738
Siiia 738
•a>7
1
1
5II11,
758 a8i4
87
1
5«,6
7h
5''8
5%
7^ «838
-asis
51'6.
Mid.
lbs.
Shirtings.
Twist.
1
®7
®7
SH
32» Oop.
Mid
Uplds
8.
d.
8.
7>a®6
7>aa6
5 7is®6
5 7Jaa6
5
5
5
15
The Exports of Cotton from New York
Charleston, South Carolina.— It has rained on four days
of the week, the rainfall reaching one inch and Eeventy-seven
hundredths.
1887.
1888.
8
XTpldS
d.
d.
9
9
10
514
10
5"l»
oi-ift
5^
®7
51*,8
719*7
this
5«,o
week show
last week, the total reaching
against 26,752 bales last week. Bel ow we give
our usual table, showing the exports of cotton from New
York, and the direction, for each of the last four weeks; also
the total exports and direction since Sept. 1, 1888, and in the
last coltimn the tot^ f or the same period of the previous
an increase compared with
33,423
t>ales,
year.
BXrOBTSOF UOTTOH (BALES) FBOM NEW YOBK SINCE SEPT. 1. lSb8
Columbia, South Carolina. Telegram not received.
y/ilson. North Carolina. We have had rain on two daj s
Week ending
Sam*
Total period
of the week, the rainfall reaching eighty-four hundredths of
Exported to—
Nov.
Nov.
since
previ'ui
Nov.
Nov.
-an inch. The thermometer has averaged 50, the highest
1.
15.
22.
Sept. 1. ytqr.
8.
being 66 and the lowest 38.
The following statement we have also received by telegraph, Liverpool...
-.
8.053 12.997 10.979 18,729 164,918 141,246
6,646 8,551 6,536: 2,134 38,2j6, 40,074
showing the height of the rivers at the points named at 3 Other Britlsb ports
c
o'clock Nov. 23, 1888, and Nov. 24, 1887.
Total to Gt. Britain. 14,699 21.548 17,513 20,863 203,154,181,320
—
—
-
—
Nov. 22, 'iS. Nov. 24, 'S?.
Above low-water mark.
Above low-watermark.
Above low-water mark.
Above low-water mark.
Above loV-water mark.
Hew Orleana
UemphiB
VasliviUe
Shrevepon
Ttoksbnrg
*
20,013
2,143
2,283'
2,107
20,013: 13,79f
2.380
5,148
2,145
2,069
*,0o9
1,746
903 3,693
2,4711 2,865
4,314
21,389
16,413 37,R5f
35,661 39,!^
6,898,
9,223
5,754
1,928
2,143
2
3
Total Fbencu
1,928
4
Bremen......
I
3
I
•4
9
Hamburg.... ......
Otber ports...
850
909
I
t
Feet
2
2
Inch.
—
2,283, 2,107
Havre
Otlief ^renob porta
Feet Inch.
6
2
23
6
Miss ing.
5
26
1
!
13,606
19C
*1
...J.
Below zero of gauge.
Total to No. Edropb..
Cotton Motkment. from all Ports.—The receipts
und shipments of cotton at Bombay ha^e been as foUowB for
the week and year, bringing the figures down to fjov. 33,
IKDIA
BOMBAY SE0BIFT8 AND SniPMENTS FOB
Shipments
this week.
Year Oreat Oonrt-
BHVh.
nerU.
Continent.
All other
1,790,
Total Spain, Ac
FOITB TBABS.
Shipments Since Jan,
Oreat
xoua. Britain
8p'n,Op'to,iJlbr'lt'r, &e.
Total.
...
73,463
81,40^
1,019
1,000
100
8,754
5,674
1,88'
5,18:
1,200
1,149
14,428
7,06
25,31$ 32,914 26,752 32,423r311,058 '283,59
Grand Total
1.
1,790
8,304
200:
Ree^pts.
ThU
Since
Week.
Jan.\.
Comparative Port RKCeipts and Daily Crop Movembn"
—A comparison of the port movement by weeks is not accurate
day
as the weeks in different years do not end on the same
have consequently addefl to our other standu
the month.
tables a daily and monthly statement, that the reader ms
constantly have before him the data for seeing the exact relatr
<
1888 1,000 7,000
1887 1,000
1886
3,006
18H6 i'ooo
8,000
1,000
3,0t0
1,000
218.000
372,000
328,000
221,000
640,000 858,000 12,000 1,327.010
094.000 1,066,000 9,000 1,531,000
888,000 1,016,000 21,000 1,172,000
472,000 693,000 14,000 1,050,000
We
..
.
J
1
NOYBMBBB
1
1
9
1
1
1
THE CHRONICLR
24, 1868.]
movement
for tlio yonrs
since Sept.
1,
mu^,aud
:
1
The monthly movement
named.
in previous yearR,
Thf
639
vnrBKM are
nn follows
haa b«eD as followii
JW».
tMitf*U A
Moxthty
Reeetpit,
1887.
1888.
1886.
188S.
1884.
Bept'mb'r
332,017 654,776 3S0,2O3 88B.642 340,44r> 343,812
October.. 1,133,016 1,213,404 1,034,400 1,000,024 1,000,38ft 1,040,003
Pcro'tage Of tot. port
recelpta Oct. 31..
2619
33 34
3006
26-71
%r
28-66
York, Boston, Phil.idelphia and
week, and since aeptt,'mb('r 1, 1888,
NlW rOBK.
ay
m
^
(fair)
I
So
10
16
18
II
atnei
ThU
8ine«
vftek.
S«pt.l.
vitik.
Sevt.l.
from—
n.
atpt.i.
vfttk.
wok.
7.or
le,S1.^
1
.
,
•
7.1
18
•71
.?*
S-19
10
18
S«»t.l.
»7*
ijsae
•
848
S4,IIS4
5,547
6.68«
15.488
ia,»s
ttS.99e
s.ies
ssjns
No.Carol'a.
Virginia...
Nortlin pts
Tann.,&o...
roralgn....
18
»74
g
JR»
*tt
10
is.oas
uoo
a.£o
1B.081
79.I»S
8.(M3
14,93«
u,sso
6jm
78B
1B,8&7
748
p,i8a
es
701
8,857
8.756
io-i«
H-T7
!>»»
ifSi
4-00
trwa
o-ta
1*
8*5
8-H
8
8
1W4
0-78
0-46
18
4-88
5-10
1.881
91.468| I5,li74
7M48
11^8
11
159,834
Lite
K.048
81J8fi
1887(«oo4V!!!;.'!
ISSSlfalr)
1884 (bad)
14
12
18
7
1883(bad)
8
8.815
1885
—
CJOTTON Pbooress IN OCTOBER. Special returns to us from
the South covering the month of October indicate that in
general very satisfactory progress in gathering the crop was
(fair)
rd in
87-4
92-1
92-4
77-3
Hl-0
67-1
78-;
65-fi
un-0, 60-1 81-4
1-8-4
68-21 77-5
188«(f«lr).i a.(-5
mscfatr).
96-5
90-5
93-2
i
1884 (tMid)..
U88(bacll..
06-0
es-B
78-6
68-8
778
77-8
74-5
76-7
78-4
68-7
77*
68-2'
7S-4'
71-61
83-2
606
75-81
76-11
87-4
92-0
88-9
89-9
89-8
87-9
61-8
67-»
8»-0
65-7
61-9
6«-6
78-4
77-5
77-8
78-8
77-4
77-9
88-8 46-U
93-8 43-0
87-0 61-0
85-7 58-8
88-8 58-5
9S-5 55! -0
78-0
71-9
75-0
78-0
89-5
95-8
48-0
70-8,
49-1
92-0' 60-4
78-6
56-0
65-0
81-8
fO-9
68-6
i-6
41-S
58-3
49-3
54-7
66-7
78-^
89-1
38'
34-8
88-8
887
78-8
91-7
87-8
88-ti
36-3
46-,
56-0
58-5
eC'6
80-3
B6-0
63-4
i
W5
'
I
(KOijiI) 1C2-.SI
lf*6!t!tll". »i-u
lf*5iliiir
1884 'binD,
1888 (bad). .100-5
f60
84-7
95-6
94-9
80-:*
91-8
91-0
82-6
97-0
78-0
84-01 7H-7
CS-1 80-8
i
!»!«
«a-e
8il-4
68-2
80-8
80-4
78-9
SO-1
80-4
88-5
B7-.1i
88-1
83-8
96-1
94-0
98-8
80-4
IM-B
64-2
64-4
64-1
78-9
81-1
80-0
SOTS
84-3' 68-7
81-6
80-U
(18-5
.
AJ-4
ISh'.
l.ShO
orb
188S(badl,'-1
Florida.
,
I
lb87(good(
88-8
—
W4
cs-s' 68-7
84-1
9n-9
698
7vK
90-6
91-6
a8-4
7i.-«
78-4
78-8
91-0
91-B
»^^^
94-9
(5-2
«9-l
70-2
71-4
70-2
69-4
1888
9«-l
69-4
srs' 9S-8' 64-8! 78-0
I887(gooii)
97 -^
BH-i)
Kr;
u;!i
6;; -4
7S-8
iSoffalr).
1885 (fall )
\-d-J
BIVO
7!i2
63-9i NU-7
«7-0 79-4
y.->-:
(is-9
8m -3
«)0-4
78-«,, S9-4,
1888lfulr).
W85 (fair)
1884 (bud)..
1883(bad)..
79-8
860
79-9
75-5
91-8
89-0
44-7
38-6
41-8
61-8
61-3
B.3-1
42-.-1
flO-4
88-4
63-u
69-4
89-3
44-0
86-0
86-5
40-1
87-0
90-7, 49-3
60-8
62-1
5 -O' 75-0'
5H-9 77-4
7"-M
84-8
B8-4
71-4
71-4
74-81
78-1
8
9-J-7
'-5
88-1
84-0
M-fl
1884 (bail).. 94-1
lB8S(bad).. 100-5
97-*
97-0
94-2
95-0
9S-8
aero
18f!7'(good)
1886 (fair).
1885 (fair)
.
IBM (bud)..
%
l?tJ
io»«
1868
1887 (good)
1886 (hjr)
1886 (fair)
1884 (bad)
1883 (bad)
VI
a
••88
5
S-M
»98
8
to
e
9
IS
8
I-8S
••17
8-07
8-81
8-56
8
7
»8S
8
IS
6
8^
ir
8H
10
10
l«
880
4
6
r4»
1888
1887 (good)
188B(far).
1886 (fair).
1884 bad).
18S3 bad)..
12
18H
5^
13
7
8-88
8-S6
4-18
4-62
8-19
18
8
1-71
13
7
•
*w
l-flS
4
I-88
5
8
4
4
iS
nt
rw
1-18
S
«4
7^
•1)
'
11
4
4
1-06
1-08
"'
h
"
TKNNK88KE.
»88
UM
8
0-48
8-86
8-ao
8-80
14
8-80
H
ii«
8
5
»
5
118
912
7j4
9-88
r%
7-Jl
7
8-85
I-Ol
1-81
?*
it*
8-»
9
a-w
7
6-01
418
15
9
8
The words "bad," "good" aod "fair" tollowlnir tbe years clTon
above mean simply tbat the aggregate crop for the year named waa bad
good or fair.
!
^^
Exports of Cotton Goods rROM Great Britai!*.— Below
give the exports of cotton yam, goods, &c., from Great
Britain for the month of October in 1888 and 1887, as compiled
by us from the British Board of Trade returns. It will be
noticed that we have reduced the movement all to pounds.
we
779
8B0
79-2
91-8
89-^
88-1
473' 71-9
WO
90B
lt«S(badl..
6t'0l 78-1
876
75-B
77-4
76-8
78-9
U8-H
9,^2
740l
43-9
««0
90-9
96-3
690
8S-9
9006-1
8t*-3
85-7
88-7
97-8
97-2
65-5
68-9
800
96-5
90-8
66-«
80-7
89i>
ei-n
60-4
71-7
70-8
73-7
S
[
63-3
83-S
83-4
7S2
69-4' 82-9!
70-C
68-8
44-7
82-2
35-5
89-8
7H-8
73-1
7.%-i
584
6B-2
BI-2
1-8-7
fi>«-7
48-9
70-3
4011
86fO-I
92-8
58-6'
94-<l
59-Bl 78-71
69-8| 78-7
87-9
87 7
8^-4
82-8
800
46-»l
90-7
01-2
45-7
43-2
B4'8
71-B
74-6
49-8; 69-H
82-0
40-4
«ri
48-5
860 804 679
91-8
90-N
94-8
90-5
78-1
66-0, 80-8]
SS-Ol 78-4
1888
(good,
1886 (fair)
1885 (fair).
96-3
96-H
93-7
85-7
6«-2
634
fO-o
81-0
96-7
»S-6
80-1-
97-9
lOU-5
88-li
B5-M
(<22
81-3
96-9
100-0
95-7
18f«.(liiir).
llWSifaIr). 96 4
l«S4lbail).. 99-1
ISaiC:!'!).. 90-£
64-3
81-0
65-1:
81-21
B'i-8i
79-6
(bad)..
1^
1883 (bad).
97-J
i
96-0
96-8
99-7
650
79-0
78-8
79-8
18-9
79-7
88-1
87-0
94-9
98-5
b9-4
78-7
89-0' 48-8
9J-OI 48-7
1-5-
71-2
51-1 74-4
6S-0l 78-4
83-9 80-K
64-4 7B-7|;
.S8-7I
9 63-6
84 B
3-2
78-7
91-2
95-7
3"0
ABKANSAH.
tlO-7
45-4' 70-8
46-8: 73-0
I
1888
97-0 as-9
98-9 59-4
911-5 fiOa
B3-4' 80K7-3 «1-1
60-5 80-1
97-11
91!0
59
6K-r
5551
04-»! 79-7
98-1
81-0
sr4
fll.-4
T,<!-t)
W9I
TWOl
69-Oi
82-3!
370
67-5
74-5
73-9
78-7
88-4
31-7
Xi-v
61-1
88-81
68 9
35-2
88-5
65-1
78-i
86-0
90-4
90-0
86-91 40-9: 87-8'
MS-:,' 4^-0. 78-»
8n-4
86-7
54-5
88-9 57-3
.n-8 699
34-8 6n-0
hl-0 BB-I)
79-^
77-11
^2•|
1888.
October
1887.
188S.
Tdt.
468.587
Lb..
L5*.
88,tl0 84,884
1887.
1888.
1887.
1888.
lasr.
r<i».
Ut.
UM.
U*.
XAa.
•8,77*
409,867
84.006
eandrr
artlcl
m-i
Ihv-l'.
;
..
.
1
71
71-74-5
09-9
84-ti
78-3
98-0
8S-9
TotAl ATnortii Anttnn laaimrmMxtr*a
P5-4I 84-9
80-81
1
974' «-«! 79-7
I
...on
(IT...
88-S
55-ll|
78-7
i,y
ivrT
71-
:{
tf<'Ot
tU.-^
?.'^-o.
ft'^
y
I
H-yM
Weather Ke(^rd for October.— Below we
give the nunand thermometer record for the month of October and
previous months of this year and the two preceding years. The
figures are from the records of the Signal Service Bure*n,
except at points where they have no station, and at those
points they are from records kept by our own agents.
fall
July.
Au«>uC
Str*tmhT.
OUttr.
1888. 1887. 1888.
1888. 5887. ISHIt.
urn. ISSI. JOB*.
1888. tSSf. ISSS.
Rainfall. In
1
5-83
14
588
18
'.1
,
iMTBFHiD..
Wililon.Kalnfall.ln
:l7-8
004
lf-2
B2'U
43-5
eri
698
4-SS
IS
\l'
8-88 I0-8S
17
4-81
»«8
IS
14
9
8-77 81-18
17
19
DarA
ritin..
18
l-4«
7
«-»7 10-40
18
10
l-M
6
18
8-06
14
t-se
e-M
is
l«
ChnrlnlUKainrall.l,
Dararaln..
748
1-(W
15
1
15
1
S-00
t
9
10
8-S4
(ftS
I-S4
15
IS
4-S8
18
1
eio
r
V
,
.-.-87
4S-I
loojias
of manufactured cotton, against 100,«e9,000 Ibe. last
yesf, or an increase of 11, H:)9 ,000 lbs.
Jute Butts. Baooino, &c.— 1 here is tut little of interest in
the market for bagging. Prices are nominal, but actuml
buyers are obtaining supplies under asking figures. There
h\,B teen a fair businiss in jute butts, and sellers are steady in
their views as to price and are quoting 2 l-6®2mo. for p*per
grades and 2^(3 3^c. for bagging quality.
673
n4-«
,8-8
iis-oosl
lbs.
.17-8
Tkxas.
I
IM
1.700
The foregoing shows that there has been exported from the
United Kingdom during the month of October 113,008,00l>
VIKOINLA.
7T-7
180
1,718
Stockings and aooka
6-2-5
K
9(1-6
iio.tos
74Ji39
fl8 1
.irr.l'
66-5; 81
70-6' 82-6
82-4
46-81
47-8'
52-11
69-01
61-li|
62-2 T:-4l 94-0 58-4
9S-7i 67-0 8«-8;j 95-3' 58-0
80-0
83-3
8S-2
81-9
81-8
82-4
87-5
64-.-ii
80-5
72-3
89-6
ntaXofAO.
Ootk.
lamAlkread.
000>iHn<t(«L
«51
Mississippi
l&fvMPanj
r
»H
"
81-1
S9-4
(•8-5
B7-4
94-4
68-
81-7
84-3
83-6
78-7
98-8
91-»
98-8
90-4
Louisiana.
1884
7657-3; 73-61
5;-8; 75-7
57-a 74-7'
910 M-'
94-5: B7-6i CO-7
93-2 70-71 805
80-1
9;l-2l 70-8
95-21 71-5| 82-8
AI.ABAMA.
IJVTi
g
7
Arkansas.
tfSOROIA.
IfSW
V*
7H
56-9
08-4
1888
18&7 (good) 100-1
I
1
IS
8
«»
S<ptem5«r.
Au9U$t.
H.CAB'LtNA
~.
•
rs
fflS
3-41
11«
NM
4-SI
1?^
7
I
Tl
Si
1-57
U
1888
1887 (good)
1886 (fair)
1885 (fair)
1884 (bad)
1883 (bad)
Average*.
was
V*
S
•w
im
1-85
V*
Mississippi.
in portions of the Atlantic
acted as a hindrance. The marketing of
the staple has not been interfered with by the weather, the
falling off being asoribable to other causes. Light frosts were
reported in some localities, but no killing frost anywhere.
As of interest in this connection we have prepared the
subjoined tables, which show the .State averages of rainfall
and thermometer for July, August, September and October,
in six years (ldS3 to 1888 inclusive).
The thermometer averages are as follows :
1W«
II
Louisiana.
184.M9
BS4,38l' Z0.9&1
8. CAO'i-i^' A
»2.
4-88
lJ«
B«e.478' 06.074
Jnly.
9
TV
•
1.
TbltTear «8,0M
made during the month except
180
8-J9
4-87
^
18
14
18
1%
^T8e
«8S
MM
77
1,548
where
18
18H
Lait T«ar.' Sl.«^
IW7
•
m
iS^
1.809
So. C»rol'»
1SS7
10
^ r
II
....
rioridk.....
'188"
r
TM
<ri4
101,788
111.A7
Mobile
States,
"ft
1-40
OrlMM
T«z«i
3>Tannah
at
Baltimore for the past
niLAoahrn'A B4.LTIM0BI.
r«» Sinct TM$ 84nc<
BOSTON.
TMi
-•v»
Caboliha.
The Following are the Oboss Receipts of Cotton
Now
.
'fSt
imr'imnAy'.'.'.'."
1888
1,868,180 1,393,603 1,441,866 1,430,830 1,389,904
1.4t).%,033
tii.
1883.
M'liTn
Total
nn
MS
18
8-04
uno
4-«a
8
IS
vr
1
6~ MS
4
w •r
•87)
11
A
f
--
i«
of
———A
A
THE CHRONICLE.
640
July,
August,
SainfaO.
1888. 1887.
5-Bi)
616
2-21 13-18
11
13
1-82
Bainfall.ln
8-81
Days raiQ«
7
September.
October.
18S8. 1887. 1886.
1888. 1887. 1SS6
July.
0-92
6
4
8-78
11
8'8S 11-62
11
12
S-87
6-00
7-94
14-18
3-56
1-25
600
0-58
7
11
14
10
4
4
9
8
6-08
7-74
4-01
4-12
5-33
1-31
303
4-83
3-56
0-01
10
12
13
13
3-28
13
15
9
10
14
12
1
e
9
1-10
13
6-81
CAROL'
2
Days
rain..
f4ainfall,ln
rain..
4-46
14
B-97
Days
13
BtaUbwrg—
Days
rain..
4-10
9
Aiktn.—
4-90
4-98
12
0-06
8-41
I
7-01
19
Colwmliia.—
Bainfall.in
rain..
2-12
6-81
0-75
8
19
6
2
3^6
8-15
10
11
2-02
5-eo
1-55
5-4U
6
2
8
rain.
3-50
604
5-49
5-21
0-56
4-23
10
19
15
12
6
10
1-7B
11
Atlanta.—
Bainfall.in
Days
rain,
Days
11
0-82
rain..
Columbus,—
Bainfall.in
Days
rain..
Days
3-85
6-63
12
10
12
1-87
3-89
7-51
7
17
13
19
4-72
14
16
1-70
7-6S
7-66
14
0-81
0-65
6-S7
6-58
Oil
4
8
11
11
2
2-36
14-28
4-20
0-62
3-99
8-28
f.-OS
11
13
12
ft
7-83
7-32
10-34
1-97
1-6J
6-81
0-8i)
16
16
4- IS
17
7
13
9
a
7
0-0(1
9-63
3-43
6-73
r83
4-60
0-81
8-19
S-70
11
8
7
8
4
3
8
4
0-90
2-65
3'46
8-70
1-05
2-85
2-05
1
2
12
9
3
7
7
S
12-70
4-26
5-42
s-49:
8-89
2-67
7
O-IO
4-B6
0-35
10
11
4
3
10
1
12
li
6-25
FLORIDA.
rain..
8-90 17-97
17
r'
4-89
5-70
21
14
2-28
13
Cedar Keys.—
rain..
4-11
9-40
n-72
12
12
21
Days
rain..
1-57
3.
Lowest
Days
rain..
Bainfall.in
Bainfall.in
Lowest
Average...
Days
rain..
RaiDfall.ln
2-11
GBORQIA.
9
8
4
12-17
8-75
16
18
20
7-41
8-75
7-75
7-90
4-25
8-80
16
8
10
IS
4
e
S-46 12-45
11
6
8-37
10
6-51
536 4Sl
6-59
14-35
16
22
12
13
16
4-85
•7
2-70
4
5-37
11
5-73
16
2-03
4
4-31
8-55
6-21
2-48
8-40
8
12
3-04
11
6
11
8
2
o-io
8
2-46
1-00
1
2-74
17
4-65 10 03
1-77
1-12
6-39
2-47
0-03
5
9
10
2
0-13
9
18
5
4-40
14
4-52
4-32
10
6-24
4-70
7-18
0-40
10
6
6
2
4-35 22-74
17
25
4-67
2-40
4-15
8-61
4-71
0-22
IS
13
12
7
7
2
2-68
11
3-76
12
207
8-60
0-91
063 807
8-07
1-87
1-62
18
6
3
0-37
5
19
4'S5 81-09
6
20
2-02
13
7-85
2-97
11
S-85
20
10
18
9
13
8
5
6
7
4'9j
10
2-78
8
6
4
6-91
8-82
2-70
2-73
9
5
1-88
U-IB
3-27
4-31
0-86
2-74
5-48
H
14
6
4
4
3
8
4-07
1-39
10
3
3-04
4-i:
8
17
0-00
Bainfall.in
2-75
2-91
6
9
1-80
Bainfall.in
4-44
11
2-79
1-5S 11-10
9
16
2-50
3-05' 3-69
4
4
2-17
2
Days rain.
3-35
3-23
2-27
1-37
2-94
9
9
4
4
2-44
2-42
1-32
4-55
10
9
14
7
10-10
12
3-70
7
5-50
11
6-08
10-39
a-61
14
2-20
7
2-99
8
7
2
4-99
lS-04
1-94
3-33
0-61
6-30
4
13
4
7
3
9-72
1-40
9
6-97
euater.—
11
15
i-50
11-50
rain..
5
10
2-84
6
0-15
2
513
2-97
2'99
10
8
10
0-64
4
Baintall.ln
rain..
Bainfall.in
Days
rain..
Fvrt Smi
h—
Bainfall.in
Days rain
.
Days
rain..
rain..
Aelvwood—
Bainfall.in
Days rain..
Austin^
Bainfall.in
Days
rain..
rain..
Palestine—
Bainfall.in
Days rain..
Fort EUiot—
Bain fall. Id
Days rain..
—
Cleimnie
Bainfall.in
Days rate..
Austin^
Bainfall.in
Days
rain..
02-0
66-0
72-0
66-4
75
68-8
88-0
88-2
B5-7
39-5
70-1
90-8
68-3
72-4
98-0
42-0
73-2
87-0
68-0
75 3
89-0
38-0
87-U
88-0
5H-0
90-1
49ii
74-0
87-8
80-5
82-4
63-6
73-2
93 9
97-9
B9-8
81-7
92-1
64-7
79-9
98-5
67-0
98-0
67-0
80-2
93-0
0
6rt-2
600
78-2
74-0
85-0
6--0
75-2
980
870
960
875 92-8 88-0,
420 430 600
690 71-3 71-1
970
103-0
64-6
77-9
870
79-3
92-8
59-2
77-1
98-0
64-6
77-6
88-(.'
4-2-0
71-8
80-0
320
83-0
85-7
98-0
57-0
75-6
70-2
60-0
77-2
98
940
650
795
63-0
79-8
103-5
B7-2
80-
663 690
76-0
V7-8
'?7-3
99-11 101-8
6rt9 «90
78-5 80-4
920
OWO
Highest..
Lowest...
Average..
731
87-0
310
66-3
780
83-0
S7-0
61-3
355
76-0
38-0
54-0
5?-0
84-5
36-6
80-4
84-0
36-0
60-9
70-0
40-0
62-4
76-0
80-0
38-0
67-a
310
54-5
97-3
57-6
78-4
660
766
99-8
6S-0
78-4
99-2 1006
59-9 60-7
78-b 77-8
761
600
76-7
93-8
96-2
42-8
72-0
81-1
50-2
64-3
78-8
6il-0
81-6
44-a
66-6
01-0
36-0
58-3
76-0
40-9
69-T
84-2
83-0
S8-0
63-0
87-7
42-9
420 380
606
59-8
830
77-0
44-0
4« U
61-7
41-0
'tL
82-5
42-0
85
590
60'
80-
S-l
628
77-9
80-5,
95-7
61-6
76-5
i
1
91-2
64-B
78-2
01-1
41-3
600
86-9
94-01
62-01
7B-0l
430
866
97-l| 97-5
932
61-8
78-5
65-0
79-»
85-8
79-9
91-8
4
72-8
87-0
98-2
44-9
73-8
94-8
60-1
74-7
83-6
41-8
58-0
88-0
39-4
62-4
95-1
44-8
72-1
90-0
53-8
73-2
792
82-1
03-0
500
73-0
40-5
53-8
30-1
59-6
82-3
83-0
41-8
B5-5
83-S
41-8
66-3
92-7
83-6
77-2
490
88-6
96-0
65-0
82-0
95-01 95-0
8o-o; 80-C
74-0
75-0
92-0
67-0
79-0
80-0
47-0
64-0
800
80-0
33-0
61-0
84-0
32-0
67-0
090
95-0
61-0
77-0
98-0
60-0
81-0
93-0
64-0
78-0
880 960
42-0 450
690 710
90-0
58'0
74-0
77-0
40-0
68-0
80-0
82-0
58-0
74-0
35-0
65-0
970 1020 910
720 73-0 650
970
93-0
68-0
470 620
94-0
69-0
79-6
810
79'
72-8
76-6
788
88-0
47-0
64-3
380
82-0
98-0
82-0
80-3
92-0 101-2
Lowest
Average...
65-1
42-0
68-4
93-7
96-0
67-2
971
93-8
70-li
920
550
4>»-9
87-9
40-0
87-3
44-0
795
74-4
95-1
65-S
76-0
920
660
80-9
7f6i
67-5
70-1
689
921 87-6
68» 680
900
710
90-6
62-2
77-6
91-4
69-4
79-4
826
85l>
70-0
01-0
66-0
^5-4
66-0
3j:
4rs
700
72-1
71-8
93-0
920
95-0
37-0
71-B
02-0
88-0
72-7
87-0
44-8
74-8
85-8
56-0
1020 90-0
87-0
900
550 600
69-0
Rome,—
Highest.
Lowest...
Average..
65-0
87-0
81-0
67-0
78-0
8
68-0
96-0
05-0
780
FLORIDA.
Jacksonville,
Highest...
Lowest....
Average...
Cedar Keys,Highest.
.
Lowest
Average...
98-4 100-3
680 89-3
80-2 81-S
90-7
71-a
80-8
Highest.... 102
Lowest....
Average...
Tituaville—
Highest....
Lowest
Average
.
.
1-51
S-76
1-31
2
10
8
Average...
4
3-49
1-53
S64
2-64
a
8
4
2
1-78
3-35
Highest
Lowest
.
.
67-7' 61-9
80-8i 80-4
91-7|
83-B
80-*
.80-9
758
980
660
98-0 lOl-O
74-0
870
84'9
83-6
95-0
98-8
67-9
80-5
933
93-0
92-7
68 7
80-8
8^-0
3
::::
5-69
....
Highest...
970
690
620
798' 81-9
79-0
3-78
1-74
11-13
1-18
5-28
1-33
1-04
10
6-24
7
2-39
0-97
1-07
14
8
8
6
6
10
18
6
S
S-22
5-48
13
1118
3-22
1-73
8-83
8-40
1-83
0-76
13
7
4
8
12
8
3
3-57
3-47
1-63
9
4
5
8
4-31
8-20
8
2-63
12
8
6-28
11
4-91
1-82
0-50
3-74
12
10
a
10
4-22
11
2-38
12
1-90
703
7
12
3-30
6-52
10-44
10
14
7
10
4-27
834
6
11
11-93
11
4-73
10
1-99
5
5-50
19
1-21
7
8-49
2-51
2-99
4
12
8-82
10
8-69
6-85
2-82
14
1-92
6-80
11
S-51
2-84
10
4
0-59
4
2-5s
s-os
3-40
2-81
4
0-S3
6
»
8
1
10
9
1-06
4
8
6
6-85
1-85
60S
4-97
2-62
8-76
3-46
12
6
2-07
11
6
6
5
9
6
0-61
4
0-38
1
1-84
1-62
14-46
6
10
13
4-39
2-97
3-31
3-21
5-18
1-62
0-27
8
4
12
10
8
6
1
2-50
0-92
7
1-50
2-27
12
8-62
7
4-571
1-67
0-80
5
8
4
9
6
1-36
1-.S8
8
11
0-95
3-24
S
3
* Inappreciable.
I
8-43 *2-48
12
11
8-40 16-30
15
16
2-52 13-81
10
0-45
2
839
1-67
6-01
1-16
8
6
6
3
19
Lowest
2-20
7
4-08
90 9
94-4
68-8
690
781
81-8
BM-4! 87-9
80-8| 70-6
89-5
58-4
7S-4
91-7
61-0
77-8
80-0
92-6
69-6
91-0
49-0
74-7
930
se-i
8ci-8
91-5' 91-0
76-o: 700!
82-7 82-0;
56-0
70-8
68-8
100-4' 95-0
97-2
96-5
61-6
7»-6
59
79-3
80
00-6
46-2
71-6
98-8
50-0
75-7
91-6
65-3
79-6
93-2
69-5
78-2
93-0
65-2
7J-U
97-0
67-4
79-9
00-0
7-2-8
98-2
63-2
77-0
91-0
68-0
78-4
93-11
mo
85-0
44-0
71-0
91-0
50-0
71-7
89-0
73-0
80-2
.
7,-i-4
92-0
62-5
77-7
97-6
83-8
78-9
69-5
78-2
94-3
71-0
67-8!
810
81-4
1010
750 720
780
79-9
9J-4
87-2
81-3
70-4
79-7
90-6
6H-5
80-5
880
84-8
8i)-4
78B
97-0
95-0
00-0
72-0
81-0
90-1.1
91-5
6211
77-8
91-0
62-0
97-5
1
67-8
66-4
,
520
IS
88-8
34 4
37-
tij-2
66-4
67-4
80-0
79-t<
93-11
960
860
800
72-0
80-3
98-5
95-8
72-0,
700
81-5
80-5
660
77-<J
75-0
85-0
34-0
I
310
61-7, 67-0
87-fl
950
9-2-0
80-0
800
46-5
72-3
51-0
78-3
50-0
76-0
430
3i-0:
62-2
81-7
88-S
31-0
04-8
92-9
70-H
79-8
94-7
91-0
55-5
75-2
94-0 92-0
801 61-8
77-8
870
77-8
61
67
86-0
41-8
88-1
87-4
4S-S
69-6
63-8
88-0
92-5'lOO-0
520 53-8
7-2-0 67-6
07-0
64-9
70-9
87-4
48-5
88'4
91-8
37-8
04-2
S4-4
39-4
84-7
94-6
71-8
82-0
89-5
65-1
75-3
90-8
54-6
78-3
85-0
51-3
87-2
86-8
3«-5
89-8
42-8
66-9
94-0
71-0
87-5
98-0
88-0
92-0
38-0
80-0
92-5
«S-3
83-8
942
93-3
69-3
79-7
6.S-7
94-0
73-0
85-5
91-0
102 5
020
71-0,
67
8.S-0
8J-0
82-5
79-0
89-3
Highest...
980
98-0
«50
Lowest ...
Average
62-0
79-0
620, 68-0
94-0
80-0
620
78-0
770
98-0 105-0
54-0
73-0 76-0
Higliest...
970
95-3
91-6
B8-4' e6-8
79-9
800
95-4
64-1
79-9
8W-4
90-2
50-2
71
98-3
62-2
75-9
02-3
05-3
8U'8
98-7
87-6
78-1
98-3
Lowest
93-0
B2-0
78-0
980
91-0
B3-U
950 940
880
93-0
65-0
78-n
8:-o
62-0
70-0
»40
B9
81-0
98 5 103-8 100-4
Liberty HtllUighest.... 102-0
80-0
Lowest
6
5-04
0-25
2
87-2
48
70-5
81-6
.
0-69
4
8^64
60-(j
77-6
945
....
Average.
0-35
3
8
9151-
94-5
B7-U
Sl-8
Lowest
6
5
83-1
37-1
66-0
97-3 101-5
69-0 65-6
79-8 81-6
1-9J
0-37
83-2
32-0
6J-5
77-4
65-9
81-6
6
6
81-0
48-0
6J-4
5.3-9
69-0
82-4
3-20
2-4-2
7-2-6
360
6«-9
81-4
Highest..
Lowest...
Average..
Qr^d Coteau^
Highest...
6
6
n-3
S'ireveport.—
9
4-45
780 680
81-4
Orleans.-
Highest..
Lowest...
Average..
1-51
6
92-4
65-6
LOUIS'NA
.V.
Oolambus,—
8-85
I
Highest.
Lowest...
Average..
1-93
4-20
11
6
Auburn —
4-37
10
8-85 12-33
7
Highest..
Lowest...
Average..
Average..
MlSSISS'l'I.
5-87
76-0
82-2
UobiU.Average...
6
03-0
71-0
81-7
85-0;
85-1
ALABAMA
Lowest ...
4
950
680
75'4
Iftmtflom'i/.—
Average...
4
H5-0
82-2
eO'
.
1-21
2-60
61-7
83-9
34-2
62-8
70-0,
05-0
73-0
84-0
lallahassee -
3
86-0
.•w-s
72-0
82-0
Highest.
Lowest...
Average..
0-50
1
1-83
83-0
40-0
68-8
Columbus,-
7
Galveston.-
Days
78-0
03-0
61-0
6-60
4
TEXAS.
Bainfall.in
95-0
400
690
Selma—
Ralnfall.ln
Days
87-1
38-4
84-0
920
94-6 1000
4
Nathvme.—
U^mphU.—
86-3
348
85-0
48-0
as-0
97-0
3-00
8-70
6
TKNNES'B.
Bainfall.in
79-2
44-7
59-7
82-0
57-0
75-a
Ilighest... 103-8 103-8
Lowest
85-0 88-8
79-2 Sl-8
Average..
Atlanta,—
Highest..
Lowest...
Average..
6
LUtte Bcck.-
Days
91-2
68-s
74-9
Augtista.-
S-70
2-69
23
ABK'NSAS.
ficteno—
91-0
42-3
61-9
92-0
68-0
80-8
690
..
Highest...
Bainfall.in
Days
80-6
44-3
61-3
Archer—
e-20
9-20
17
rain..
87-0
39-7
00-4
79-9
II2-0
61-0
75-0
—
forsyth,—
Highest..
7
Days
75-8
40-8
55-8
460
92-01 02-0
6»-0i 63-0
900
Savannah,—
8-56
15
S-88
Days rain..
SreenvOU—
BalnfalUn
Days rain..
Attend—
ClarksdaU—
89-4
69-9
71-6
91-4
99-0
58-0
81-9
Average...
1-19
601
Vtcktburg.Bainfall.in
69-3
6a-0
80-5
34-2
Highest....
305
1000
Aiken—
Lowest
Average
21
rain,.
Brookhaven—
—
Highest....
4
MISSIS'PI.
Oolumtma.-
Days
88-1
40-0
68-7
98-5
77-
10
8-82
rain..
rain..
.ffl-5
75-3
94-0
49-0
17
14
lAbertyBUl-
Days
6H-0
75-7
560
ra-i
Cohunbki-
6-35
Bainfall.in
Rainfall.in
71-1
800
2-5S
4-19
12
Crd. Coteau-
Days
87-5
43-9
77-0,
107-0
18
a-47
11
7-82 10-21
14
26
Shreveport.—
Days rain..
02-8
802
.
0-43
11
liOtriS'ANA
£few OrleansEainfail.in
05-0
50-8
75-0
...
10
2-61
76-0
1010 92-0
80-8
Stateburg. —
2-43
4-40
12
AuburnBainfall.in
92-8
61-4
74-5
Average...
14
14
rain..
Days rain..
69-9
76-3
880
Average...
Spartaub^g —
Uighesi.
1-88
10
Bainfall.in
Days
01-8
59-5
7o-l
CAROL'
13
MontQom'y.—
rain..
93-71
Charleston.—
Highest... LOO-0
111
16
ALABAMA.
Days
ioa-2
[i9-6
6i0 680
18
8
588
101-0
60-5
79-0
600. 65-8
98
Average...
iforganton -Highest...
Lowest....
Average...
12-89
Sallahassee-
Balnfall.ln
76-0
98-5 103-0
52-0 89-0
76-6 80-8
Lowest
15
13
14
Days rain..
UobUe,-
95
Highest
12
5-50
S-62
&Jma—
...
2-47
10
8-37
Bainfall.in
Bainfall.in
94-5
88-0
78-8
75-9: 80'9
Lowest
8-00
5-91
Days rain..
Bainfall.in
U-15 9-40 4-91
3-74
THtusniiU-
Daysialn..
?6» 1000
al (W5
69
7-08
Archer—
Bainfall.in
580
Highest....
Rainfall.in
Days
..
Average...
Oharlottt—
Highest.
JacksonviUe-
Eainfail.in
98-4
840
781
Average...
Lowest
0-65
1
5
rain..
Days
98-2
Lowest
iTeMon.—
Highest
Lowest
7-43
11
308
Wonyth.—
Bainfall.in
7-61
16
lB-6]
Days rain..
Borne,—
Bainfall.in
8-83
1-85 14-1!
Bavantuih.—
Bainfali.iH
04-2 103-5
68-3 85-3
V4-3 80-7
Average...
tTdsoii—
AUf/tMt4l.~
Bainfall.in
1888. 1887. 1886.
CAR'LA.
lliKhest.
Lowest
GEORGIA.
Days
Sepcember.
1888. 1887. 1886., 1888.11887. 1888,
VIRGINIA.
Sorfolk.—
HlKhest...
Lowest...
Average...
.
8-40
1!
rain..
Days
7-84
i
4-22
11
16
Balnfall.ln
Days
XLVn.
U'llmiiiiTton-
Bpartanb'a —
Sainfall.tn
August.
1888. 18S7.'1888.
N.
OharleaUmrBainfall.in
[Vol.
Thermometer
1888. 1887. 1886.
RalnfaIMn
Bays rain..
Uorganton.—
8.
1
. .
...... .
.
.
79-0
Vicksburg—
.
.
Average...
Brookhaven—
Highest...
Lowest....
Average.-.
QreenviUe—
Highest....
Lowest....
Averase...
96-0
70-0
78-0
955 930
700 870
82'0l 82-3
80-9
66-0
74-0
60-0
78-0
96-5
67-0
88-0
93-0
64-0
84-5
681
95-0
660
82-6
93-1
56-6
77-1
90-0
48-01
680 860
73-5
81-0
81-7,
82-0
04-0
89
680
sen 930
62-0
65-0
690 730
80-0
560
71-0
32
780
240
590
53-0
83-3
44'U
82-0
8i0
76-7
33-5
62-8
83-0
36-8
85-4
94-0
53-0
78-0
88-0
43-0
63-0
860
8;-a
7-iO
83-0
420 420 42-0
670 710 720
50
66-1
634
93-0
51-0
78-0
30-0i 34-0
50-9j 86-0
450 370
600
61-0
80-0
2S-0
60-0
81-0
36-0
61-0
.
. . ... .
—
.
:
November
AuguU,
.^pCsmbsr.
1888. 1887. 1888.
IMS, 1887. I8M.
July.
Octobtr.
IKtrmonutrr
lOM.
1U88. 1887.
llUheat..
WO
e4'0
vs-o
OS-0
a«-o
79-9
«a-o
BO-O
79-0
94-0
era, os-o
77a 7»f7
98-0
ao-o
77-8
98-0
980 99-0
780 S3-II
sro 800
ea-o
700
99-0
BS-O
84-0
830
li<)W04t.
««-0| (17-0
«3-0l
Avoratfe.
BUS
7a-o
HtKticHt.,
M'O
I-uwost
A voruA«...
?8-4
90-0
81-0
04-0
6S-Q
TB-4
09-0
9401
480
4U'0!
78-4
76-1
1888. I80T.
88-0
89-0
89-8
94-0
V°0( 4«'0
8S-0
6ro
78-8
OT-Oi
m
rro
RS-O
88-0
870
»-«
Trl
IMB.
90-0
Lowest.
...
Avor-,i.-e
..
AUKA.SS
08-0
84-0
88-0
870
4H0
860
8J-0
S9-0
9T8
B5-0
8r.3
91-0
81-0
81-0
ILlKnost...
...
A Tortttfu.
.
r.'' Srnltllhosl..
'
V)3t
.
(Wl
80B
...
urjuce...
91-0
67-0
80'0
100-0
<H-«
8r<
pro
94-0
»()0
81-0
040
90-5 IM-e
i
I
.\
Sitw
030
1
Bi-O
79-e
98B
SS-O!
0611
5«f7
SO-
77-0!
99-0
89-0
80-8
83-9
03-0
ar7 M>'9 ea-0
77-» 790 80-0
!
91-0
BTO
80-6
68-0
80-0
96-0
oa-0
9T-0
93-8
80-1
689
74-9
73-9
17—Stawner Maroon, 3,715
Vov. l7-8teamor Whllnny.llM.
'-.IV.
'"
<>
^'-
"•'
'" ^ll^.l"l"^l
>
83-6
»;-o
89-8
8«-3
8»1 Ml
671 af4 680
HI'O
630
4l'0
74-0
693
!\U0
88-0
880
84-8
9J-0
90-0
800
480
700
61-0
74-0
100-0 100-8 :oi-s
01-0 »7-l S7-1
78-1 7«1 Tiro
03
96-9
08-1
97-9
81-4
480 480 4U3
736 7d'8
840 380
68-8
flO-O
8J-0
31-0
61-2
88-8
37-8
65-0
60-7
38-0
68-9
89-71
841
84-8
3.i'9
0,
07-8
78-1
99-3
87-8
788
88-7
TS-S
99-0
43-9
T»-8
Mtmphia.—
niKhost...
I.owost
AvorHKO..
97-a
990 688' 919
87-5
6-i-6
niKhest..
Lowest...
711
W-7 910
83
B8-0
SO-a!
49 J
8:l'4
888 H4 6
7a-»
78-4
40-0
87-0
78
81-0
8^-0
83-8
670 990
8'J-7
79-8!
WB
78-9
88-4
9S-0
oro
90'Oi
98-8
980
98-0
70-0
80-5
60-0
PSO
BS-li
T8-3
78-8
«ao
TOO
HSO OrS 90-0
MO 430 470
U7-4 7aa 780
97-0 101-0
Ol-O 740
80-9 83-7
9rt-0
87-5i
sraj D8-9
8S-8
80-7
850
790
Avertige..
Au$t^l^.—
97-8
90-8
43'U
(JOS
77-V
04-11
Aihwood.—
lW-0
85-0
08-3
sa-o
8So: 83-0
1
Ilixliest.
.
Arenise..
77-9
00-0 103-0
Dl-Ol Ol-O
79-4 81-7
oa-B
87-9
8a-8
03-8
71-0
81-9
1
880
ge-ol
84-0
77-4
88-0
38-0
68-4
990
88-0'
80-0
860
8«-0
48-0
77-4
4^-0
71-3
»«0
a-i'O
380
61-6
61-0
69-8
88-7
88-0
88-4
67-3
7»-7
89-3
81-8
8U-1
88-0
OS-8
78-8
84-3
TEXAS.
0aiw*tan
Lowest...
91-3
73-5
Areraite.
830
Htehest....
PalatiTU.Hlghest.
93-4
07-2
sa-a
94-9 101-8
tU-M 85-a
79-t 83-0
.
Lowest
_ATerai;e..
tart EUiat—
Elgbest... 101-4
Lowest...
«0-a
7(I0
Arerage...
CMume—
»r6
104-1
590 57-0
7U0,l 7o-»
:
7U-4
83
I
95-2 lOO-O
08-4 Bl-8
7tf-a 80-9
96-7
04-9
OS-7 101-7
51-11
91-3
71-4
98-3
80-4
78-0
944
71-3
s3-a
TTB
98-a
85-4
81-a
90-1
6J-0
71-8
92-8
88-4
47-8r 8J'8
88-4 71-6
98-4
60-4
78-8
98-6
76-3
90-8
36-7
eS'4
87-3 84-2
38-7 30-S
83-9 64-6
98-7
SS'O
77-a
95-4
44-8' 88-;
Oa-6 89-6
91-2
87-
80-Bl
34-8
64-0
82-9
83-3 31-8
96-0' 68-8
9-<-0
870 900
S3-0 800
74-3 73a
803
74-8
93-0
84-0
970
79-0
88-0
83-«
70-1
74-0
080
«80
ATenwe... 840
101-3
71-0
87-4
loss
B80; 61-0
8«-0|
9-3-o'i
58-0
78-0
.1......
I'-
-.
:iKmrne, 50.#.
For
8AVAS-For
1.200.
.;.>r.
.
.
.........
...
.
....
,
"l.-i.
•
,
BniiNiw-iijK — For Liverpool — .Nfiv.CllAKi.KST<i.N— For LlveriKiiil -Nov.
•Ionia, 4.500.
r Amethyst, 3,001.
Nov. lO-.Sti^amer Wallai'lila. l.l
ForBareelon -.Nov. 20 -lirtrk.Iimofa.
Britf Integrldad,
WiLHINOTOS— For Liverpool -Nov. 1 i—Htoamnr LowlamU. .5,100.
"
-' iier Canopiw, l.l.^?.
^
Ndkvoi.k- F"- ' -
^—
.'
I
>
'
'
j
Lowest...
TOO
878
99-0 101-0 lOS-Oi
6»-5 7l-o! B8-.'5
81-3 88-»i 81-0'
92-3
95-5
90-0
«l-S, 8«-il 59-01
78-u'
3-8l 81-0
I
HltMxMXj,
.Mimnr
B9
1
88-2
_
.
...Nov. 18
>
raun,
-
i
Total balet.
New YOUK—ToLiverpo
per steamers Alaska, 2,491
Auranla, !)08....City of Chicago. !,.515 ...City of New Yora,
2,7»2... Furne.s8'a. 6jl...HaUcy, 1,515.. .Nasmytb, 1,948
....Kcpubllc, 1,-J19 .. St. Konans, 5,657
183,819
To Londoti, por steamer Rialto, 2,134
2,134
To Havre, per .stoamer La Oaaco^jne, 2,107
2,107
Trave, 600
To Brcuieii, per steamers Fulda, 1,14()
1,74G
To Hamimrg, per .steamers Gelleit, 1.201 ...Moravia, 2,492 3,693
To Amsterdam, per sttamcr Scbledam, 1,313
1,313
To Antwerp, per steamer BclKenlaiul, 920
;...
926
To Christiaua. per steamer Tl)in(;valla, 100
luO
To Copenhagen, per steamer Thiii^valla, 526
526
To Barcelona, per steamer Neustria, 1,U19
1,0.19
To Windsor, N. 8.. jier sehoonor Clifton, 100
100
,
Hew Orleans—To Liverpool, per steamers Atlas, 3,744 ...Au1,
thor, 2, 545.... Hugo, 5,21
I. ...Inventor, 4,873. ...Muroia.32,001
no, 5,529 ...Northern. 6,352... SicU.y. 3,750
Havre, 7,125 13,573
To Havre, per steamers Fort William. (>.4H
To Uamhiirg, per steamer Boni.ssii, 3.100
To Barcelona, i>;r steamer Cnstohal Colon,
Euearuaclon,
..
3,8 >d.... per bark
4,456
l^U J
To Genoa, per steamers
b,357
3,100
Cristobal
Colon, 1,450
Elsie,
.
—
&c
«u
•
.
.
.
1
rottoa Iietweea decks.
Link steamer —A fire on an O'.d Domlalon «t«»nuhlp at
Norfolk Nov. 18, damaged 12 bales of cotton. No damage to ttis
Old Douini
>n
steamer.
(Br.), aim >st fully loadivd with cotton at Vanlerhorst's wharf, Charleston, 8. C. for Reval, was found to l>o on Hre
In the forward hold at 9 p.m. of Nov. 16, but the tire was nxtlnfiilsbed same night The vessel and cargo are Insured a)>r>ia<l.
here Is damage to cargo In both compartmodts about 1,700 bales
damage^
are injured. The damitge Is estimated at i9l2,OJO', otb
$J,50.'.
Sandringiiam, steamer
Charle.ston— To Liverpool, per steamers I'rogress, 960
To Bai-i-.'lona. per steamer Castilla, 4,900
Galvesto.n— To Liverpool, pf-r steamer Olenfteld, 5,145
To FliMtwood, tier steamer Neto, 4.270
To Bremen, per steamer Propitious, 4,599
Wilmington— To Liverpool, per steamers Arecibo, 5,300
960
4,900
5,115
4,270
4,599
10,100
Plueuix, 4,800
Livoipool, per steamers Buenaventura, 4,300
Frutcra, 5,796. ...Nant Owyant, 4,683. ...Texas, 0,968... 21,747
3,767
Wbst Point—To Liverpool, per steamer Itossc, 3,767
Nbwkout News— To Liverpool, po^; steamer
6,566
, 6,566.
Istrian,
Boston— To Liverpool, per steamers Bavarian, 1,135
6,877
2,251. ...Roman. 3,098 ...Samaria, 393
40
To Halifax, per steamer Worcester. 40
101
To Yarmouth, per steamer Yarmouth, 101
4,554
B.u,tlmork— To Liverpool, per .st<?amer Mentmoro, 4,554
1,050
To Loudon, per steamer Mont^ma, 1,0.50
2,102
To Bremen, per steamer America, 2.102
PHlLAUKLi-ULA—To Llvcrpool, per steamer Ohio, 1,383
1,383
HORFOLK— To
»
Cotton freights the past week have been as foUows
DoviaQl'sg'w.d.
Havre, steam.... e.
Do
sail
Do
H
H
k
>4
«
>•>
•>••
..•
....
....
• •••
»1«
..e.
"l*
ir«i>ie«.
<%
^
••
....
70*
70*
70*
70-
•.•
-.-•
....
•
H
<^
...a
•
via Leithd.
Hamburg, steam
JM.
Tint.
"4
e.
Bremen, steam
Thur$.
Ifon.
Satur.
Liverpool, steam (f.
•
»!•
• •••
70*
•••
e.
•8
»8
»8
•s
»8
«i
IH)
vlaLondon.d.
Amst'd'm, steam.e.
«>>•
....
.*•.
....
••
....
65*
85*
65-
66*
65'
DovlaLondon.4.
65'
«•»
>•
....
-•>
....
....
d.
'l«
^1.
h.
'18
'..
T|.
d.
•••
• •••
• ••>
....
....
• •••
Baroelona,8teaiu 4.
%
%
%
H
%
H
ata
Is
H
H
'u
ha
h*
•is
'le
»18
'i«
»ie
»i«
»i«
Beval, steam
Do
saU
Genoa, steam
.. .d.
rrleste, steam... d.
Antwerp, steam
!%»T,a
d.
"4.
98
%
Per 100 lbs.
LiVKttPOOL. By cable from Liverpool wo have the follow
ing statement of the week's sales, stocks, &c. at that port
*
—
13,012
4,215
2,845
Utopia, 5,735
MoiULE— To Liverpool, per steamer Paxo, 1,215
Savannah— To Havre, per steamer Sargasso, 2.845
.
..i.
,
For n.ilifax -Nov. 17 -Steamer Carroll, :>'J.
Baltimore- For Liverpool- Nov. 20 -Steamer CiMptan,
For .\ntworp— Nov. I'l Sbami-r .Marooa, 4,2 :)2.
Puilauelphia- For LI verpool - No v. 19 -Steamer British King, 1,185.
Below we give all news received to date of diaaaters to Tee>
gels carryiaj; cotton from United States ports,
Elphinstone, steamer <Br.), loadln? cotton at Cbarleatoa. 8. C. fbp
Nov. 19. The (Ire
Bremen, took (Ire in forward I.
it hail to Ira ttlled with
extluKUtnhed. but the forward
.ly under the foreoastls
water. About 500 bales oottoi.
were damaged by Hre and water, an tiiere was louie damage to
89-1
tiHiPPisa News.—The exports of cotton from the Uniieu
States the past week, as per latest mail retarna, have reached
183,819 b.%le8.
8,877....
.Ira, 7.4.53.
-ai..iii,.
1
8V0 880 800
330 350 89-0
68-8 810 660
870 000 88-0
830 41-0 430
.
'
•-^•,. ,,....„
:.....
NBWrORTNhA.,-.
Bo»lo»— For Liverpool -.Nov 15 -Steaini..Nov.
-Steamer Ceplial'jnla,
For Yarmouth— Nov. 16 -Steamer Yaiu.
-3
AustinHighest....
BMiy,
itoohdnlo, 3,761. ...Rot.
>\
;
020 930 990
ei'O TOO 70-0
HtRbeat....
Lowest....
.Average...
Xov.2.
Sale* ot the
week
Of which exporters took
Of which speculators took...
Sale* American
Actual export.
Forwanleu
Total stock— Estimated
Of which American- Estlm'd
Total Import of the week
Of which Amerioan
Amount
yof.O.
69,000
4.000
48.000
2.000
1,000
38,000
7.000
61.000
233.000
178.000
99,000
78.000
194.000
184.000
bales
afloat
Ot which Amerioan
1.000
54.000
8.000
69.000
286.000
187.000
70,000
71,000
211.000
231.000
..Voe.
16.
60.000
4.000
3.000
52.000
11.000
74,000
321.000
229.000
119.000|
IIO.QOO
213,000
2.13.000
^o«. 23.
56,000
2.000
4.000
44.000
5.000
69.000
368.000
277.000
119,000
109,000
2-48.000
278,000
The tone of the Liverpool market for spots and futures eaok
day of the week ending Nov. 23 and the daily closing prioee
of spot cotton, have been as follows
/Spot.
Saturday JfonOay. Tiutdag.
Market,
cet, ;
12:30 P.I..;
Moderate
demand.
Wtdn*$. nkKTMrif.
|
rrUof.
183,819
Total
The particulars of these shipmetit? are as follows
New York.
Havannah
er
1
-ii;.!
Nov. 17
9T1
Riplorar,
;
4,13«-, Pfteo*
>llleld,
West Pimm
97-0
H3-0
78-0
ArenMte..
N. Orleans
Molillc
.....
.....
.
;;
AustrnlUn, a.ieOj
Knglowr,
4,250.
800 880
88-Oj 97-0
80-
81-3
B.'S-O
91-0
to
1,1179.
'
For
TKNNES'B.
Ntfiifitle.Illnlieat.
Irfiweat ...
Lowest.
1.11. ..
For Bremen -Nov.
lull.! .It...
•wost,
v.Tiijre,..
Lowoat
A|i»
Koi
-
A
down
(Mla<U, tfSOO: MM.
Nor. 10 -BtAainerBorlDqiUiD, 3,300 ...Nor. Sl-^lMaw
4,^20
For
LlllU li.ick.1.
owrytac
OALVMSTON-Kor LIrorpool— Nov. 17—fllaunar*
Fl
..
1
641
Below we aild the clearanooa thU week of TMMla
oottoD from United State* porta, bringing our tUU
the lateet datee :
iVO
n-3
6I'6
Otoiirr—
llih'host
:
THE CHRONICLE.
1888.]
24,
:
.
,
.
.
:
Am'dam, Baree- Halifitx,
Bull,
Bremen A' lap it lona ym'th
Fleelicoad
and
it
HamCopen- and
Liver- <l Lonpool.
don. Bavre. burg, hayen. Genoa. Windsor. Total,
100 32,423
18,729 2,134 2,107 5,439 2,865 1,049
13,573
32,004
4,215
..
CharlesUjn
960
Galveston.. 5,145
Wllmingt'n. 10,100
Norfolk.. .. 21.747
West Point. 3,767
N'wp't Nws 6,566
Boston
6,877
Baltimore.
4,554
Phll'dclph'a 1,383
Total... 116,047
v.'.'.'.'.
3,100
17,498
60,175
4,215
2,815
5,860
14,011
10,100
21.747
3,767
2345
4,900
4,270
4,599
Ul
1,050
2,102
7,454 18,825 15,240
6..569
7.018
7,706
1383
2.865 23,447
241183.819
iftd.Uprda.
Bale*
8peo.Aezp.
Fuluret,
Market,
.t.'{
12:30
,ln ttirsr>'
Frsely
(avur.
offered
5iii«
5Hi
&"l*
S.OOO
1.000
10,000
1,000
8,000
Stead; St steady at
14Mwl
144 adv.
12,000
1.000
1,000
Qa'M
Qalet at
141 adv.
4 PM.
Irregular.
Steadr.
Quiet and
•twwir.
DoU.
5»l*
6»i«
8.000
8,000
600
500
HTat
8-8* d*.
dtollne.
P,
Market,
at
14«
qaiet.
QaUt.
QaMt.
SIM«7.
!
The opening, highest, lowest and clo.siag prices of future* »
Liverpool for each day are given below. P.-loes are oa the
basis of Uplands. Low Middling olaute,
T^e price* are gteen «» wme* and
6 63 61d.. and 6 01 •««•'»» 6 1-643.
e^
unlen otherwiMetMad.
euh$ tAtut 8 8$ M«a%*
..
..
.
THE CHRONICLE.
642
Sat<t
Not* 17.
Toes., Not. 20.
Mod., Not. 19.
[Vol XLVII.
—
Exports op Breadstuffs for October, 1888. The folmade up from the statement issued by the Bureau of
Statistics, shows the exports of domestic breadstuffs from the
lowing,
Open High Lov. Oloi
d.
NOTember
NoT.-Deo.
.
Dec- Jan.
..
d.
d.
S84
D29
6 28 5 27 628
6S7 628 627 6 28
8S8 6 28 5 28 6 28
6 83
5 28
3 27
5 88
5 28
5 34
5 29
Jan.-Feb. ..
Feb. -Ma roll
Mar.-April 5 29
April-May. 680
5 29
5 29
6 29
6 30
5 SO
8 30
5 34
Hioli
Low.
d.
d.
d.
6 34
5 81
6 34
5 29
529 6 30
5 33
528
6 28
6 29
6 31
B32
634
5 34
Wedne8.,NoT.
6 28
5 28
6 29
6.SO
6 31
5 33
5 35
5 28
May-June.. 5 32 5 32 5 32 5 32
June-July.. 5 S3
Open
d.
Clos.
Open High Low.
d.
d.
d.
6 31
6 33
6 33
5 30
6 28
628
628 528
528 5 28
6 27
5 27
5 27
5 27
6 32
5 28
5 27
5 28
5 29
6 27
5 27
E
6 28
6 29
6 31
6 32
6 30
6 28
328 6
6 31
5 30
6 31
6 33
6 30
6 31
B33
6S4 6 35
ThurB., Not. 22.
<21,
6
6
683 6
Frl.,
27
28
29
31
32
A.
d.
d.
d.
NoTember
6 81
NOT.-Dec. 5 27
Dec.- Jan. .. 5 26
Jan.-Feb. .. 8 24
Feb.- March 5 26
Mar.-Apiil. 5 27
April-May.. 628
.
5 81
5 31
5 31
6 27
6 27 6 27 5 27
6 26 6 26 526
5 26 5 25 526
5 28 626 6 26
6 27 6 27 5 27
5 29 528 6 29
6 SO 6 30 630
6 32 5 81 6 32
May-June.. 630
June-July.. 5 31
d.
528 5 27
6 24
6 23
6 23
5 23
6 24
5 26
6 27
6 29
'
d.
d.
d.
d.
6 28
5 24
6 25
6 22
5 21
6 21
6 27
5 23
5 22
6 25
5 22
5 21
5 22
5 21
d.
5 24 6 24
6 23 6 23
6 23 6 28
6 24 5 23
6 25 624
6 26 5 28
6 28 6 27
5 29 529
523
523
5 24
5 24
6 28
5 28
5 29
d.
6 33
5 28
621 5 22 5 21
5 22 623 5 22
5 24
6 25
5 25
626
5 24
6 25
5 27
6 28
6 27
under-mentioned customs districts of the United States for
the month of October in 1888 and 1887, and for the four
months of the
October.
528
628
5 38
Clot.
d.
6 27
5 23
6 22
5 22
5 22
5 23
6 25
5 26
6 28
Qu'ntities
Barley, 6ush.
.•Jew
prices declined.
DAILY CLOSINO PRICES OF NO. Z RED WINTER WHEAT.
March
Tues.
105%
IO718
103%
c 1
c 1
delivery
May delivery
c
]
Wa
26
700.286
48
47^8
4779
48'8
48%
48%
Oats made an irret ular advance, The greatest improvement
was in fine quE:iiiits of white "ais on tbe spot and'for future
delivery, and these lifted other grades.
Yesterday the businees wt8 \ery large. To-day a firmer opening was followed
by a dull weak closing. Tne sales of No. 2 white for future
delivery were at ZQ}4@m%G. for Dsc. and 36Ji@37c. for Jan.
DAILY CLOfINO PRICKS OF NO. 2 MIXED OATS.
Sat.
Mon,
Tues.
Wed. Thnri.
_
Fri.
December delivery
c. 3178
31%
3178
3178
3218
31%
January delivery
3278
c.
32%
3278
33
3318
32%
c.
•
May delivery
3513
c.
Kye is in fair demand and
3514
firm,
35ifl
35%
35%
Barley was more active at
3514
full prices.
The following are the
Newyork
V
closing quotations
$2 7.i®if3 20 Southern bakers' and
Bnpertlne
3 303 3 60
family brands
$4 40®
Bpring wheat extras. 3 403 3 85 Rye Hour, superllne.. 3 25 a
Minn, clear and stra't. 4 75® 6 00
Fine
2 75®
Wtntershlpp'g extras. 3 50a 3 90 Com mealWinter XX and XXX. 4 00® 5 50
Western, Ac
3 109
Patents
675® 700 Brandrwlne
3^5®
Sonthem supers
3 00® 3 60 Buckwheat flour, per
Bontb'u com. extras.. 3 75® 4 25
lOOlbs
2 60-3
bbl.
0.
per bush.. 1 00
Bpring No. 2
1 10
Bed winter N0.2...1 06
Bprinpf,
Redwlnter
White
Com— West'n ml xed
Soutliem white
®112
«107
®1
100 ®1
94
.
West'nmlxcdNo.2.
Steamer fto. 2
Western yellow....
Westftrn wbita
c.
®1 30
49
50
50
50
50
a
®
a
®
®
®
16
15
Slifl
51
52
52
55
Sye—
o.
State&Jersey.jf bu
Oat»— Mixed
3 25
White
No. 2 mixed
No. 2 white
Barley—
Canada No.
1
Canada No. 2
Two-rowed State..
Six-rowed State
Buckwheat
92
87
80
85
65
71
3-
®
a
82.059
4'82,'8S4
15,758
821.184
482.975
2« 1.703
513,571
2.837
523.684
287.870
2.027
253.541
191.950
10.018
62.509
893.205
17,983
698.627
587,337
106.440
6.430
28.817
187,538
13,008
815.238
6.019.352
1,684.228
280.188
622.396
1,798.260
10.303
2,761,942
3.332.179
953.396
122,465
339,481
1,006.845
7.980
1,333.547
4.102.579
2.198.383
2,489.693
1,2*1.808
18,146,689
7.116.888
13.841
1I.48S
30.760
30.777
94S
11.057
11.629
81,728
29,394
45,420
S8,f86
258
180
400
soe
23
142.295
107,047
1,246
bbls.
New York
Boston
7
27
18
715
540
49
dlst's*
"eVo'iB
l8.4Bi
"2.189
"4,'378
l^5,'297
37,^663
Total, corn-meal
Oats. bush.
31.632
84,060
26,228
66,799
100,331
289,380
12.821
5.503
154
14,658
6,888
41,482
18,086
192
787
10
256
84
464
111
1,462
80
6.221
«9.66f
2,619
10,815
8
12,147
SOD
New York
Boston
Philadelphia
Baltimore
NewOrleans
San F.&Wil'm'te
Other cus.
dist's*
1,270
25
39
25
IS
IS
5.807
25,828
161,199
11,570
55,949
3
49.090
19,108
28.531
12,867
219,560
88,428
153.200
230.8G0
132.184
171.148
2,574
5,186
Philadelphia....
8.173
6.028
4.6)6
346.009
618.240
280,800
8,314
17,884
4,616
200
176.910
NewOrleans
Ban F.&Wirm'te
Other cus. distV
""l50
Total, oatmeal..
Rye, bush.
5,30«
" '496
24
3,500
34.900
50,000
1,094
1,250
620,642
16,844
1,278,499
31,182
8
3
7,0«0
4,200
526
448
68,'8^3»
^,'834
5.2011
8
168
50.000
1.250
10.266
140.000
780.323
18.238
'
New York
'"321
Philadelphia
San F.&Wilm'te
Otber cus. dist's"
'
Total, rye
Philadelphia.
..
Baltimore
NewOrleans
3an F.&Wll'm'te
Other cus. dial's*
Total,
23,138
i3,82i
23.138
13,824
529
445
76,839
42,084
10.S.117
102,723
57,468
16,042
73,248
1.509.885
1,208.656
182.988
297.260
260,890
45.818
455,867
201,857
8,839,151
823.880
2.838.349
eiB.070
10.497,613
952,281
3,626,422
513.649
801.391
2,687.972
758.412
9,24R,701
bxish.
wheat
55.077
1S.800
72,000
3.000
S.2e5.35P
56,300
221.589
3f<l.:i27
5,36,73.';
«S.b,--3
322,559
56,478
068,634
263.217
3.568.650
3.371.388
3.402.649
2,745.831
20,301,079
18,514,879
365.350
1.731.781
t3«.7-»l
69.359
168.140
3.054
98.416
90.118
869.395
803.889
906,871
17,429
411,856
493.715
115.774
140,679
05.962
1,769,787
668,445
891,792
It'O.lOO
120.730
87,637
920,097
8,046
603,915
381,890
1,298.216
544,138
231.128
749.490
11,029
874,899
347,798
5,725.814
2,010,848
1 ,000,531
3,850.914
56,881
1,463,400
1.676.474
931.1^9
4.734.886
1.018.862
4,523,972
8,654,495
16.694,862
3,30;)
3,049,721
8?7,132
fVtteat-flour, bbis
New York
Philadelphia
Baltimore
NewOrleans
San F.&Wil'm'te
Other cus. dist's'
Total.wheat-flo'r
1.900
Tbtals.
New York
8.^5.479
12,875,828
4.513,618
1.930.248
6.879,537
1,022,261
11,216,579
4,019,789
10.855.878l
8,823,314
48.237,363
369.5;-l9
1.121.950
308.641
3.881.478
Baltimore
StewOneans
....
San F.&Wll'm'te
Other cus. dlst's*
Orand
3,895,988
990,487
597,668
1.213,761
240,949
995.100
889,363
8,0S8.S8l
1.281.913
Piiiladelphia
total
.
Value of exports from other customs districts for the month of Oct., 1888'
*5,170
14.912 New Haven, Conn.
Brazos, Texas
51,398
128,856 Klchmond. Ya
Cbioaso, Ulmois
34,809
216.620 Yorktown. Viririnia..
Detroit, Miohiuan
93.200
Dnluth. Minnesota
$855,479
276,403
Total
Huron, Michigan
46,075
Miami, Ohio
NOTB.— This statement includes about i*8 per cent of the entire exports of the
•
articles
named from
all
ports of the country.
The movement of breads
uffs to
market
is
indicated in the
statement bel >w, prepired by us from the figares of the New
York Proiucs Exchange. We first give the receipts at Western lake and river porta, arranged so as to present the comparative movement for the wef k ending Nov. 17. 188H.
at-
Flour.
Com.
Wheat.
0at».
Rye.
Barley.
|
BhIs.lOBlbs Bush.«0 Ibr Bi»s?i.56 (ii- nus);.32 lbs BlM».48 Ws\Bu. 66 Ibt
54,626
508,149
259.697
755,9 .-5
84.680
878.787
Ohicago
174,920'
23,520
237.112
13.410
60,000
43.883
tfiiwankee...
103.288
28.015
Onlnth
T.jledo
Setroit
Oleveland
jt. Louis
.:
3*mewk.'87.
lamewk.'SO
?ince Aug. 1.
70
86
.340.973
3714
90
1,101
New York
Total, oats
Oatvieat, lbs.
PeorU
83
88
78
15.740
32.r85
San F.&Wil'm'te
Other cus. dist's*
33
42
33
® 93
®
i\6My
1.125.404
1.463,780
vlinneapolia.
275
16
415,089
600.465
64.413
Total, corn
*
20
28
1
0.
67 ®
30 ®
33 ®
32 a
36143
.8
1.150.988
328.091
34.047
141.891
Philadelphia
Baltimore
New Orleans
rtteeipts
5 25
3 40
3 00
ORAIB.
Wliest—
Value.
700.286
FLOUR
Fine
QuantUies
2.129.93ii
Total, barley
Corn, bush.
Oom-^meal
»
a
San F.&Wil'm'te
Other CU8 dlst's*
Wheat,
June delivery
c 114%
1 12I2 1 13>4
Indiao corn sympathized with wheat.
The offerings were
more liberal, but finally the large purchases for export had
a steady irg influence, and yesterday there was a smart advance. To-day a buoyant optning. on the danger of an early
closing of the Erie Canal, was followed by a lower closing
under the prospect of milder we.°.ther.
DAILY CLOSItJG PRICES OP* NO. 2 MIXED OOBN.
Sat.
Mon.
Tues.
Wed.
Thura.
Fn
December delivery
c. 491a
4818
48'8
49'9
48%
49%
January delivery
c. 49
48'«
48%
48's
481a
491a
48I3
February delivery
c. 4812
43
48
48^4
ifH
May delivery
Valw.
.
New York
Wed.
Thurs.
Fn.
10579 106r>8 1 05 14
107=8 108% 107
13
1
1 0914 10979
14^2 112% 1 IOJ4 110'8 lll^a
16»8 1 14% 11258 1 13»3 11414 1 127e
Afon,
Qu'ntities
York
Philadelphia
Baltimore
New Orleans
Other 0U8.
Friday. P. M., Nov. 16, 1888.
10712
c.l 11% IO914
Value.
t
New Orleans
Ban F &Wil'm'te
There has been some further deoline in prices of wheat flour
in the past week, notwithstanding a furthsr restriction upon
production by leading Western millers. The demand has been
very dull from local millers, and the purchages for export
were within narrow limits. Our quotations are now 50c.@
$1 per bbl. below the highest prices in October, and even at
the decline show very little strength, the hand-to-mouth
character of the demand proving very embarrassing to sellers
of current receipts from the wharves.
The wheat marbet fell into a eemi-panic early in the
week. Western bulls unloaded without much regard to
values. The prolonged absence of an export demand atf jrded
little encouragement to them, and the closing ot Western
mills under excessive stocks of flour was an important element
of depression. Some recovery set in on Wednesday owing to
the purchase of a large line for Lisbon, bringing out a demand
from the "shorts," but the strength was a feverish one and
attended by frequent fluctuations, and finally a reduction of
business. To-day speculation and trade were alike dull, and
mat.
c.l ogsg
1888,89,
Four Months.
1887.
5 31
BREADSTUFF S.
Januaxy delivery
February delivery
:
1888.
Plilladelphia....
„
December delivery
year 1888-89
fiscal
5 27
6 27
6 87
Not. 23.
Open High Low. CUa. Open HiQh Low. CUa. Open High Low.
d.
Ofos
Tot.wk.'88.
1888
1887
I»W
2.772
2.417
5.098
14.080
71.474
92.034
44.433
203.'-87
3.025
20.500
181.900
284.372
250.009
2.591.183
4.607.833'
66.883
8,679
16.228
220.840
228.800
46,402
51.147
47.302
in.t'OJ
1.432.142
1,W8.975
1.268,752
;,654'
15,412
22,325
14,6fl0;
32
157.693
3,935
181,000
34.200|
11,550
1,232.721
013.403|
1,006,975
108.974
3.582,512
1.439.401
1,135.000
713.682
8.941.662
51.106,M1
35,445.029
4.070.850
3.447.205
62.245,039
49.490.974
31.023.721
34.955.291
31.404.034
tl,280,''.53
34.666 324
28.60.1.174
10,911.477
44,934
60.410
10,990,962' 8.031,590
774,706
1.085.962
..
.
1
NovaiiBER
THE CHRONICLR
84, 1888.
Tbo exports from the several Hoaboard ports for the week
ending! Nov. IT, 1888, are shown in the annexed statement:
/roMi—
Wheat.
Com.
SwH.
Bunk.
430,042
48,736
New York
Boston.
70,200
..
flour.
Oat*.
JtV*.
Bhli.
Butk.
BmM.
S9.»0a
13,330
Fmm.
Ihuh.
10,227
7,956
4.0,'>7
I'ortluiul.
Montreal.
......
Phlliiilfil
3,700
07,301
13,750
2S,714
102,465
Baltliii'io
N.Orru«.
9,076
12,800
43,709
073
N. New»
Elohiu'd
82,900
778,608
121.132
4,057
627,810
435,403
262,026
4,994
60,434
8'me time
1887.
..
By adding
moTement
88,402
'
our previons totals we
have the foUowinn statement of ezoorti this season and la«t
this week's
to
season:
Hour.
648
oMkagM, rained
at •S.OOS.Ml. aad 8t,SiajMotaN|«. nUiMd al
13,101 ,697 have ROfM to South Amerloa.
For tbo
pmioA
of 1887 the exports to all ports wvre 170,837 dmImm*, raload
at $10,874,843, of wbloli 7».90e pMkai{«^ viOMd at''|a,7n,6t7
went to China, and 87,087 pMkagw, valued at |'i.711,9a», to
South Amerioa. To theoorreapondlnK time In 18iM th* total
shipraenU reached 183,n20 package*, and in 18M
paokagea. At first bands thegrnctai donianil for stMlo
good* waa light and hardly up to expectations,
prioee and time indnoementa enabled the mill ageota to dl»tribute liberal quantities of Hne bU-acbrd shirtings and wldo
mam
wen IMUU
oaMB
Mt low
Fine bleached good,
•heetinffs.
Mill*, Uiica nonpareil, fta, were
9fi0
w'k.
Tot,
43,251
••••••
'
Wheat.
1888.
^0*. 17.
1887.
Not. 19.
188S.
isao.
JToe. 20.
/To*. SI.
Held by ProWdenoe maniirren. 45,000
Pall River maniifaoturers..... 24,000
Provldeneo Bpeculatora
None.
None.
Outside ipecnlators (est)
107,000
16,000
44.000
50,000
07,000
131,000
42,000
25,000
304,000
157,000
350,000
75,000
Com.
Mxport$to—
to
Nov.
LW.
Sevt. 1.-87, Sevt. l.>8. Sevt.
to Noc.
to tfov.
to ifov.
IT. 1888.
19, 1887.
BM«.
Bt>U.
Dn.KiOKdom
BlMk.
l.'SS,
toXov.
IB, 1887.
17, 1888.
Itmh.
Apt.l,t>7,
tolfov.
19.1887
Buek.
1,351,301
l,0S2,Ua4
«,578,»S0
0,570.908
e,8ei33fl
8,941, isa
..
es.ssi
191. 8ie
l,3Ttf,488
4,493,a'!»
a,42B,aS9
1,129 JMIS
Am...
S26,S6S
118,390
201.624
5,»«7
!S9,sae
210,831
70,90*
14,08!i
20,181
«4.«.S1
10
921
71.378
:()4,T84
a,ooo
T.Sip
seo
4,509
ti.aso
0».«67
S.13U
2.M7.7rt4
2,85».1)51
4,0:!8,S30
Continent.
8. <kO.
17. 18t8.
Apt.
West
Indies.
Brit. Col'nies
Oth. ooantr's
ToUl
The
11.105.iJ7m'
8,9ie
3.008
11,710
9.125,074
9.227.511
supply of grain, comprising the stocks in granarv
at the principal points of aociimuiation at lake and saaboaid
ports, and in transit by water, Nov. 17, 1888
visible
:
New
Do
Wheat,
butk.
9,240,854
144,000
1,200
3,411,961
4,448,100
-
In tlore
at
Yorfe
olloati
Albany
Bnllalo
GblouKO
fllwaukee
Doluth
Toledo
703.935
882,008
1,904,180
Detroit
1,148,»,"2
Oewogo
LouU
Do
aUoat..
4,145,699
.St.
Boston
Xbronto
Montreal
90,000
5,362
37,858
252,776
Phlladelplila
555,l!tl
Feorla
Indianapolis
Kansas City
Balttmore
159,230
411,012
334,600
1,527,803
4,266,581
115,000
Cincinnati
HlimeapoUs
BtPauf.
On Mississippi....
On Lakes
Omoanal
<fc
Corn,
busk,
879,078 1,737,310
411,000
60,000
493,110
river.
13,741
6,51j0
64,500
87,142
1,963.037 2,811,900
7,431
21,533
24.000
117,4''4
705,874
207,872
Sarlty,
biul.
38.651
5,400
35,600
297,852
49,135
252,101
548
3,791
07,469
00.000
152,i02
20,000
14,000
157,930
73,730
25,335
33,128
22,347
769,607
124,986
27,840
400,000
70,752
18,000
308,454
89,000
1,072
4o',oo6
1<|,433
7S0
33;218
04,513
15.189
3.433
14,607
25,410
2S0,3G7
9,665
20,05
188,496
404,748
75,639
34.'i,778
161,346
44.804
291,876
671,100
Rye,
bueh.
Oats,
busk.
43,1 .•)4
31,450
19,649
1,615,224
2,041,800
470,800
94,004
5,882
11,344
14,870
57',428
41,000
49,400
8,050
280,000
lot. Nov. 17, '88. 34,811,794
XbS. Not. 10, '88 34,310,(!10
8,190,520 7,756,287 1,561,574 1,813,918
9,2.'50,753 8,456,296 1,556.092 1,«24.602
Tot.Nov.19. 'S?. 3S.S71.950 6.570,884 6,468.368 313.207 3,474.777
409,6212.606,673
Tot. Nov. 20, '86. 59,531,351 12,289,408 5.650,746
Tot Nov.21 ,'85t. 54,535,343 4,140,202 2,966,216 630,627 3,030,045
r
Minneapolis and
St.
Paul not Included.
Total (took (pleoos)
69,000 307.000 253.000 6S6.000
Shirting prints were active In demand, but other cilicoea
Printed cotton dress fa'irica, aa
ruled quiet in first liands.
sateens, percales, cambrics, challies, low grade lawns, Ao.,
also ginghams, seersuckers and other woven wash drew
fabrics, were in good rf quest for later delivery.
Domestic WooLEa* Goods.— At first hands there was a light
and irregular demand for men's- wear woolens, but there waa
a good steady movement in spring weights on aooouot of
back orders, and there was a firm undertone in the market
arising from the late advance in wool. Cloaking*, stockinet*
and Joreey cloths were in moderate request by the manufaoSoft
turiuK trade, and desirable makes are stealily held.
wool drei'B fabrics ruled qu'et, but some good siz^ lota ol
ladies' cloths, &c., were disposei of by means of relatively
low prices. Flannels and blankets opened quiet, but have
»hown rather more animation the past few days, owing to
more favorable weather conditions. Carpets were dull In first
bands, but prict^s are firmer because of curtailed production
and the recent appreciation of wool and yarns.
Foreign Dry Goots.
:
S
S.
S
S'
S
5h SpsSe'sl
tq
"
Z
2:
§•
g.
ii
Si
a.
e:
B:
woven and printed cotton
Mists
,
;
Ota
ri
QD
:
;
;
I
I
SMCOtSiK
owssw —
o-^^'J
St
00
w
otaotoM
31?-
4^M
ta»)
fer,
^I'-j
ooo
O
dress fabrics,
few of the large jobbers by means of relatively low prices.
The feature of the week was a peremptory auction sale of
fancy catsimeres and cheviots, the remaining stocks of the
Trenton Woolen Company and the Dean Woolen Company,
The goods were not strioily desirable In point of style, but
all were sold and at prices which fairly represented their
market value.
Domestic Cotton Goods.—The extorts of colton goods
from this port for the week f nding Nov, aO were 2,888 packages, valued at $175,510. These shipments include 1,211 to
South America 650 to British East Indies 4U0 to Aden 160
to EoRland 187 to the West Indies 92 to Centrnl America 91
to China; 81 to Mexico
65 to France, and 1 to Bremen. Since
the 1st of January the exports aggregate 129,461 packagpp,
valued at $7,863,886,
Of this total China has had 40,1:60
;
«*I>
roos
S xow::
white goods, &c,, were received by the commission houses
through their representatives traveling in the Western,
Southern and nearby States, The jobbing trade was rather
more active in the regular way, and a fairly good distribution
of " jobs " in ginghams, dress goods, &c., was affected by a
;
:
WW -
Nov. 23, 1888.
dry goads trade has not materially
The
changed during the past week. The demand for seasonable
goods at first hands was comparatively light until the last few
daye, which have been cold and more favorable tor the distribution of many winter fabrics that have been sluggish of late.
Spring and summer goods of certain descriptions were in fair
demand by buyers on the spot, and large orders for such sorts
situation in the
as shirting prints,
g:
K
issflfl
:.^|ll
IS
s
P. M.,
very few specialties,
advantageously disposed of privately and at auction.
Importations of Dry Goods.
The importations of dry goods at this port for the week
ending Nov. 15, 1888, and since Jan. l,and the snme facta for
the corresponding periods of last year are as follows
?
York, Friday
—Aside from a
in whicli a fair business was trans tcted foreign goods ruled
quiet in importing and jobbing circles, but tua most staplo
Holiday handkerchiefs and otb«*
sorts are steadily held.
articles ppecially adapted for the holi lay trade were in very
fair request, and considerable quantities of such goods were
THE DRY GOODS TRADE.
NEW
Wamsutta, New York
most part steady. Print cloths were In fair demand aod flno
at last week's quotations, say, 8 18-160. for 94s84a aod SWo,
for Sex60.«. Stocks last Saturday and for the three provioiis
years were aa follows:
atoek 0/ lYtnl Olotkt—
WiS.
Sept.
as
reduced to lO^c, and ttia
stocki on hand were entirely closed out, Wamautta having
been lubiequontly advanced to 10}{c. Brown and colotM
cottons continued in moderate request, and prices are for tbo
soDtsoS!
mo.^iuop
MOO
IOtO_*WCB
jOM-ia*.
Mio^-ibs
§3
wo
w- i^utd;?^
exotoo
10 to*
ou
J<
>-~IJ>M»J
Cl>9>
ts
8>
o*ooto
s CO
M
o<»
WUCKODS
10
t^
©cftV/VtO
oaooa_itf
IB
itrv,
"St
ooo
• t
*»"
^
3m
-1 -T
D-r
o5
8ZS»0>
'-1»S<S
Vis
j
OS.-
u
to
^
u
tci^-iVu
to
^1
;
^1
W3
jc
^1 J;
uiaa*-x
o»'-i»8
I
,-.
.
THE CHllONICLE.
644
[Vol. XlVII.
"gvust ^amprnxits.
^vnst &Rnit&,
^iuattctal.
Union Trust Company Holland Trust Company,
NEW YORK.
OF
NO
...
...
73 Broadway,
CAFITAl,,
8CKPl.TfS,
Rector St., N.Y.
$1,000,000
3,000,000
cor.
Authoriied to act as Executor, Administrator
Gnardian, Receiver, or Trustee, and is
A LEGAL DEPOSITORY FOR MONET.
Accepts tbe transfer agency and registry of stocks,
acts as Trustee of mort«aKes ofcorporations.
Allows interest on deposits, which may be made
at any t'me, and withdrawn on Ave days' notice,
with interest for the whole time they remain with
the company.
For tne convenience of depositors this company
also opens current accounts subject, in accordance
with its rules, to checit at sight, and allows interest
upon the resultinif daily balances. Such checks pass
tflrough the Clearing llouse.
and
Wm. WhltewTight,
TRUSTEES:
James M. Mcl.ean,
Ambrose C. Kinf-sland,)
James U. >Bllvle,
HenryA. Kent,
B. T. Wilson,
i
Wm. F. Russell,
8.
T. Fairchild,
H. Frothingham,
George A. Jarvi8,j
C. D.
Wood,
James N. Piatt,
D. C. Hays
I.
Wm. Alex. Duer,
A. A. Low,
Charles H. Leland.
Edward King,
E. B. Wesley,
D. H. McAlpin,
G. G. Williams,
R. G. Remsen,
C. Vanderbilt,
Edward
Schell,
Parlier,
WALL STREET, NEW YORK,
7
Allows interest on deposits. The longer tbe time
the higher the rate. Also interest on balances of
active accounts of merchants and others, subject to
check as in any bank lends money on promissory
note without endorser, and accepts New York City
or Brooklyn appraised first mortgages with title
guaranteed as collateral security.
Acts as Executor. Trustee and Guardian, under
wills, for the fixed statutory charges; also aa Registrar, Trustee, Transfer and Financial Afient for
States, Cities, Towns. Railroads, and other corporations, and for Real Estate Mortgases with Coupon
Bonds in New York, Brooklyn, and elsewhere.
Collect Rents, Coupons and Dividends.
TRUSTEES,
Van
John D. Vermeule,
John Van Voorhis,
W. W. Van Voorhis.
George W. Van Siclen,
James Roosevelt,
Augustus Van Wyck,
J. W. Vanderhorst Kuyt.
Honry W. O. Edye,
Robert B. Roosevelt,
George M. Van Hoesen, Jul ham Goodnow,
Ge<irge F. Hodgnian,
William Dowd,
Peter Wyckoff.
William Remsen,
Garrett A.
Allen,
Warner Van Norden,
Hooper C. Van Vorst,
James B. Van Woert,
G. Van Nostrand,
John R. Planten,
Henry W. Bookstaver
Amasa J.
ROBKBT B. ROOSEVELT. President.
JOHN D. VEKJIKUI.B, Vice-President.
GEO. W. VAN SICIjEN, Secretary.
EXECUTIVE COMMITTEE:
Wm. Whitewright,
G. G. Williams,
B. B. Wesley,
C. D. Wood,
A. C. Klngsland.
KING, President.
M. MCLEAN, First Vice-Pres't.
James McLean,
Geo. 0. Magoun,
D. C. Hays,
Manhattan Trust
Second Vice-Prest
A O.RONALDSON, Secretary.
Assistant
A. W.
KBLLEY,
Secretary.
United States Trust Co.
NEW YORK,
OF
No. 49
CAPITAL AND
This company
WALL
STREET.
SURPLUS, - 87,000,000
a lepal depoBitorj for moneys
is authorised to act as guardian
Is
Veic Into court, and
CTtmstee.
„
INTEREST ALLOWED ON DEPOSITS,
WALL
No. 10
EDWARD
JAMES
JAMES U. OGILVIE,
CAPITAL,
.
Co.,
NEW YORK.
ST.,
.
,
.
.
81,000,000
F. O. French, N. Y.
B.J. Cross, N. Y.
n. L. HlKKinson, Boston.
Francis
Ormond French,
John
TRUSTEES:
Authorized
to
Registrar
Cor. of
Montague & Clinton Sts., Br'klyn,
i
lUobt.B.MinturnJWm. Rockefeller,
Wm.W.Phelps,
D. Willis James.lGeo.
11.
Warren,! Alex. E. Orr.
George Bliss,
Wm.n.5tacv,Jr.,
John J, Astor,
John A. Stewart, Will. 1>. Sloane.' IChiirles E. Bill,
HENRY
L.
THORNELL.
Secretary.
Assistant Secretary.
LOUIS G. HAMPTON.
American Loan & Trust Co.,
113 BROADWAY, NEW YORK.
Capital, Fully Paid,
$1,000,000
THIS COMPANY TRANSACTS A GENERAL
LOAN, TRUST & FINANCIAL BUSINESS.
- • - -
Becetves money on Deposit, subject to check, and
ftUows interest on balances.
Ail Checks pass tbrouKh the Clearing House.
Makes Investments of Money, acts as Executor,
Administrator, Guardian, Trustee, etc.
Also, as Re^strar and Transfer A^ent.
An authorized Depository for Court and County
Treasurers' Ii^rnds.
O. D.
BALDWIN.
President.
GEO. A. EVANS. Vice-President.
J. S. THURSTON, Sec. & Treaa.
DIKSCTOBS
John L. Hacanlay,
Rowland K. Hazard,
0«orffe S. Hart,
Alexander G. Black,
George A. Evans.
Granville P. Hawes.
James
S.
Thurston,
Wallace C. Andrews,
Benjamin F. Tracy,
John S. Silver,
John
BlHir,
William P. Anderson,
Thos. F. Goodrich,
Jules Aldiee,
Herman Clark,
Thomas C. Piatt,
I.
John D. Kimmey,
J:;hn Uoss,
Cnajl'*5 Parsons,
Fayson
John
P,
Merrill,
Townaend,
O. D. Baldwin.
COUNCIL.
Y.
Mark C. Mlrlck, N. Y.
Louis M. Bergtheil, N.Y. Rodney McLaughlin, Host.
William Calhoun, N.Y. C. H. W. Sibley, N.Y.
George U. Church, N.Y. William H. Veysey, N.Y.
John Ueins,Philadelphla. Walter H. P. Veysey N.Y.
James Valden. N.Y.
James T. Anyon, N.
'.FELLOWH UJ! 'IHB ASSOCIATION.
James T. Anyon. Louis M. Bergtheil, Thomo*
Bagot, James Cox, William Calhoun, George H,
Church, C.W. Haskius, B. F. Munro, Mark C. Mlrlck,
C. 11. VV. Sibley, Henry M. Tate, William U. Veysey,
Walter H. P. Veysey, James Yalden, New York
Richard F.Stevens, Jersey City, N. ,1.; Horace D
Bradbury, Rodney McLaughlin, Henry A. Piper,
Boston, Mass.; John W. E'rancis, John Heins. Henry
Kelly. Philadelphia, Pa.; Eric M. Noble, Washlnfil
ton,!). C.
UIBcesol the Association, Mo. IttO BroadMew York Citr
The United
States Life
Insurance Co.
THK CITY OF NEW YORK.
IN
(OBGANIZKD.lN_lSeO.)
...
for
money.
RIPLEY ROPES, President.
EDMliND W. CDKLIKS, Vice-Pres.
CUKRAN, Secretary.
FREDERICK C. COLTUN, Asst. Sec.
JAS. ROSSi
Josiab O. Low,
Alex. M.White,
A. A. Low,
Alex. McCue,
TRlJSTEEfl.
E. F. Knowlton,
C. D. Wood.
T. Martin, Wm. H. Male,
Fred. Cromwell, Ripley Uopes.
JohnP. Rolfe, Abram B. Baylis,
John
& 263 Broadway, New
H. W. Maxwell,
Mich'lChauncey. B. W. Corlies.
K. Sheldon, J. J. PlerrePL»nt.
THE
& CASUAL,TY
CO.
OF NEW YORK,
Kos. 314 dc 216 Brondway.
CAPITAL.
»250.000.
ASSETS,
t73e.083 66
SURETY BONDS, guaranteeing the fidelpersons in positions of trust, such as employes of Railroads, Banks, elci also Administrators. Guardians, etc.
Issues ACCIDJSNT POLICIES, containing all
Issues
ity of
modern
T.
8TANDKN. Acluarj.
Increase in Assets over
iNcttEASE IN
President.
A.WheklwbiCBT, Asst. Sec.
Fbalxioh, See.
WU.
York.
-
New Business.
-
-
Increase of Business in Fohcb,
-
8100,000
40 per cent.
-
ii'2,100,000
•
POLICIES INCONTESTABLE,
CLAIMS PAID PROMPTLY.
TEN DAYS' GRACE,
ABSOLUTE SBCCKITT.
Tbe most liberal and equitable contract
consistent with recognized bnsiurss prin.
ciples.
GOOD AGENTS, desiring to represent the
pany, are invited to address .1. S.
Superintendent of Agencies, at Home OflSee.
Com-
GAFFNFY,
1
Wm. B.Kendall, Uy
FIDEL.ITY
C. P.
N.Y.
CAPITAL (all In U.S. Bonds) - 91.000,000
1,000,000
SURPLUS exceeding
INTEREST ALLOWED ON DEPOSITS.
Administrator.
It can act as agent In the sale or management of
real estate, collect inter**t or dividends, receive
registry and Iruusfer books, or make puichase and
sale of Government and other securities.
Religious and charitable Institutions, and persons
unaccustomed to the transHCtioii of business, will
find this Company a safe and convenient depository
Samuel Sloan,
James Low,
I
OFFICEBSi
PreBldent-JAMKS YALDEN. New York.
Vicc-Pres.-JOUN IIEINS, Philadelphia.
Sec—JAMES T. ANYON. New York.
Trcas.— WM. U. VEYSEY, New York.
GEO. H. EURFOBD,
This Company is authorised by special charter to
act as Receiver, Trustee, Guardian, Executor or
I
B.Chittenden, Edward Cooper,
JohnH.Rhuades.i W.B'y'rdCutting
Anson P. Stokes, Chas. S. Smith,
membership.
261, 262
and Transfer Agent,
Daniel
|S.
objects of this Society are to
associate Into a Society or Guild, the best and
most capable Public Accountants practicing
the United States, and through such Association
elevate the profession of Public Accountant.'', as a
whole, and demonstrate their usefulness by compel
ling an examination as to titness, and the observance of strict rules of conduct as a condition of
Trustee ftyr tnveitmeini and management of rtaX and
personal estate.
DevoHts at interest subject to check through the Clea,
Wilson G. Hunt, H.E.Lawrence, iWm. Libbey.
Clinton Gilbert, lErastns Corning, John C. Ilrown,
Lord,
Mew York.
The business and
scription.
The Brooklyn Trust Co.
I
Incorporated August 'iO, 1S87, Under the
Lawslund Statutes oi the State o>
President.
Waterbury, Vice-President.
accfpt and execute Tnule 0/ ever], deI.
Bzeoutors, administrators, or trustees of estates,
to the transaction of
bOBlness, as welt ks rctlKioua and benevolent Institntlons, will find this company a convenient depositmoney.
ory for
JOHN A. STEWART, President,
GEORGE BLISS, Vice-President,
Second Vlco-Pres't.
PUBLIC ACCOUNTANTS,
n. W. Cannon, N. Y.
John H. Ford.N. Y.
T. J. Coolirii^e, Jr., Bos.
August Belmont, Jr., N.Y. James O. Sheldon, N.Y.
A. S. Roseiibaum, N. Y.
K.U. Hnndolpll, N. Y.
Wui. Dowd, N. Y.
C. ! . I.ivermore, N. Y.
SamI K, Sliipley, Phlla.
C. C. Baldwin, N. Y.
K. T. Wilson. N. Y.
Chas. ¥. Tag, N. Y.
John I. Waterbury, N. Y
Henry Field, Chicaeo.
UwHmise.
JAMES 8. CLARK.
OF
nay, Kooni 31 (0th Floor),
DIRECTOUS:
wblch may be made at any time and withdrawn
BftCT five days* notice, and will be entitled to interest for the whole time they may remain with the
Oompany.
and females uniiccustomed
American Association
;
Samuel F. Barger.
George B. Carhart,(
Geo. C. Magoun,
Chauncey M. Depew,
H.VanRennsel'r Kennedy, W. Emlen Roosevelt.
J).
.
features.
Also PLATE GLASS and BOILER POLICIES Of
approved forms.
Agents will appreciate the advantage of dealing
with a company which does more than one line of
North British
Ins. Co.
& Mercantile
OF
LONDON
U. S.
A:VD EDINBIJRCiU.
Branch Statement Jau.
1888
LIABILITIES,
Reserve for Unearned Premiums.
Reserve for Unpaid Losses
All other Liabilities
Net HurpiuB
1,314.418
M
S
^V,; ,1
Oi'i -iS
-»a
l,?<7S,.>o»
business.
$3,347,833 81
OFFICERS:
WM.M.BicBAHi>s.Prest. GEO.F.SKWAKD.V-Prest
ROHT. J. Hll.LAS. Sec.
1,
$3,3*7,838 81
Invested and Cash Fire Assets
n. B.
DIRKCTOUS:
A B. Hall.
Geo. 8. Coe.
J. G. McCullough.
J.S.T.Stranahan H.A.Uurlbnt. T. S. Moore,
A. E. Orr,
J.D.Vernillye, J.Rogers.VIaxwell,
G. G. Williams,
John \j. Hiker, Goo.l'.Seward.
M.Kichards.
BBANCH Of PICB, 54 WILLIAM STBE£T, N. T.
SAM. P. BLADQBN, Manager.Manager.
JAS. F. DUDLEY, Assistant
W. A. FRANCIS. Zd AsslsUnt Manager.
Wm
B8TABIJ8HBD
Metropolitan Trust Co.,
3T Wall Street, New York.
PAID-f'I' €AI>ITAI<, - - 91,000,000
Designated
an a leKal depository by order of
Receive depoeita of money on
Bnpreme Court.
Interest, act as fiscal or transfer a^ent, or trustee
for corporations, and accept and execute any leKal
crusts from persons or corporations, on as favorable
er ms as other similar companies.
HILLHOUSB. President,
^%THUMAg
jraBDBRIC U. TAPPKN.
>
..
OHABLESM. JESUP,
Tlce-Prealdeot,
Seeretary.
JOSEPH CI LLOTfS
STEEL PENS
SOLD MEDAL PARIS
EXPOSITION 1873.
_ N0 8. 303-404-170-604.
THE MOST PERFECT OP PEN!
I'iiigrene
186r.
R, Cole,
STATIONER AND PKINTEK.
Bnpplles Banks. Bankers, Stock Broken and Cmp^
ontSU of Account Books an*
loDorv
rations wltJ» complete
4t At
ts^ New oonoerna
promptly executed.
onfuitsliiff will
bare thetr onten
STREET,
]\o. 1 MriL,L.IAia
(HANOVER SqUABE).
@FedFRASER