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HUNT'S MERCHANTS' MAGAZINE,
the industrial and commercial interbstb of the united
R5PRI53R:^r^ING^
VOL.
SATURDAY, NOVEMBER
47.
3.
Wuk BnMin Octobers!.
1888.
New Tork
Terms of Snbscrlptlon— Payable
in
Adrance
Salt* of—
IStodct
:
iluira.
iMlu.
(Cotton
For One Year (Inoludlnf? postaf^e)
.....................
$10 20
Kui-opeau StibscriptionSlxMontlM (Including postage)...
Annual subscription In London (Inoludlne; postage)..
do
BlzMo9.
do
do
(Oram
buihel:
(Pttnltum
tiM>J
6 64
£2
Ml
78.
8g.
prices Include the I.stestors' Supplement, of 120 page"
Issued onoe in two months, and tarnished without extra charge to
•ubscrlbers of the Chroniole.
Bubscnptions will be continued until definitely ordered stopped. The
publishers oannot be responsible for remittances unless made by drafts
or Post Otllce monej orders.
A tile cover is fornlsked at 50 cents; postage on the same is 18
oents. Volumes bound for subscribers at $1 00.
Hartford
Portland
TlieRe
Terms
NO.
18S«.
%\xz ^hvonicU,
New
Total
Bocland...
Pittsburg
Baltimore
of Advertising.
Advprtlspments ordf>red for loss than one month, In the Commercial
Wlien orders are deflriitely Kiveu for one month or longer, a liboral discount is allowed, and tlie net prieti may be obtained ou appUcutlon at tlie oiHce. The lowest rates on perumncnt cards dellnitnlv ordered tor one year are 8 cents per line each Insertion, maliing :f58 for
one Inch space one year. Space is measured In agate type -14 lines to
Won.
Milwaukee
Detroit
Cleveland
(1JS66,7(H)
(848/100)
(87,73.1,916
(40,159,000)
103.01S,761
5,9S5,700
1.684.0S4
1.074,8»S
l,0gl.«M3
1,079.739
J,I37.70»
83,700.07«
B.967,900
-t-81'9
1,4-1J,841
-(-U-8
1.101.904
1.039,083
969,381
1,007,778
4 12-9
809,1M
650,419
111,741,101
6».0-7,942
!-45
M
wTTiixi n n..>>
(TVILLIAtl B.
ionlTTi
nvn
»OBH
FLOYD.
O. ^r.
S
DANA
dc
pQgj,
will take
of the paper
Co., Pnbllshers,
NEW YUUK.
OFIICE BOX 958.
lOa Wtlllain Street,
I
C, who
and supply single copies
-0-0
CLEARING BOUSE RETURNS.
-H9-4
6,414.(100
W
-(83-3
95.909.732
+19-6
183,092,462
+17-1'
5S.7S9.071
11. 708,8 (2
-H7-8
71.1.11.507
-2 6
-1-7
-1-9
13J*98.310
18,6»t,258
96.5,56,070
61.9e0.8(M
9,938,900
^,087.63^
4,Sl»,78t
E8.407,U6
+6;1
69.393,909
Topeka
iu,5-.5,4ao
»,T99,b60
4.708,7H4
4.079,159
2,I30,3B3
S,268,2W7
8,286,210
1.177.411
2.8I2.31»
4,S0«.272
2,8u0.S0;
+M-2
6.49t<.3a'<
-i-11-9
6.B76.B76
1.099.761
+K.-3
-5-1
8.«97,20.'i
-11 -a
-m-7
4 9*4
—ft-T
-f28'&
+4&'a
2,.'BJ,9eO
+iin
^T*
lAI3.7:t3
-(-14X
8.8St>,96&
5,1)66.«50
-(-16-7
-146
2,8i0,657
4.475.026
031.351
tl»l
+\aa
631.24ft
——150-0.
— ie-»
tTl
2.787.B25
423.274
-^67S
•f«-S
-72
4,108,44«<
2-3
•1-2H-2
-8-7
-(•13
-15 9
-2il
861.268
-i-vs
i-to
121,708,870
-I-6-1
18,112,139
1.36\988
-211
-i-4-a
]0,«87.98I
6,au7,a40
9.320.921
+U-9
109.218,805
106.061.606
lionu
St. Joseph
New Orleans
17.<»T9,n27
ie.P57,751
-'' 006
-26 S
SanaaaClty
Memphis....
Galveston
b..'^j..'--
2,7Vli,;74,
g,!)a2,I20
fio-s
l,Mt,k97
2.0110,050
2.2Il,0t<5
i,sse,6S4
2,193.768
1,498.943
-91
Norfolk
-11-6
1,289.002
48,439,012
46,056,069
-t-6-a
60399,144
-h7-5
15.590,811
17,496,846
—10 9
21,399.643
-Kia
rt.
1.
:"::
ic
05
-1-2
.-.i'...';a)
-1-209
1
Total Southern
The returns of exchanges from the clearing bouses outside
of New York for the week under review record in general
some diminution from the figures of the preceding week, but
in no case is the falling off sufficiently heavy to warrant
special mention. At this city, moreover, a small addition to
H0JW7.73I
1.78«,5-8
1.259.094
1.14«,687
1,060,858
1,320.730
790,979
60l',830
Total Western
-84-6
-fl3-9
Wichita
1 Drapers' Qardeng, E.
-flO-6'
-4«S
-t-12-5
4,988.575
2,8»t.499
8.811.615
510,444
-10^
7)
12,618,C4<)
1.4M.481
20.
P.OtM.
(-47-6)
83.066,763
8,!5,'»,S27
ftct.
—87^
(-16-2
8.414,913
MMsrs Edwards * smith,
•abscrlptlons and advertisements
Is. each.
607,106,762
(-5-41
12J17S,U1
2,1118.420
Peoria
-I-6-6
1888.
94,626.278
Sis9»!88C
Qrand Rapids
London Agents
647*90.729
(1,481,901)
(491,1001
(30,4S4,»S4i
l»I,07^,000)
la.nuAvu
1,2 10.
Wttk mnd't
P.Omt.
1887.
683.188,809
Lowell..
states,.
San Francisco
Total
all
Oatalde
New Tork
1.065,748,774
9!<5,170,823
382,610,100
847.570,494
-I-71 1,088.756.859'
HO'l
41\6ec.4»7
-»^8-4
-in
t^
Ig:?
-8-7
-M8-4
As received by t« legraph tc>-night the retunis of exclianges
for the five days re cord a smiill decreas 8 from the correspondthe previous week's total is to be noted, so that ia the aggreing five days of las t week, arid in comjlarison with the similar
gate for the whole country the loss compared with October 20
period of last yeair there i 9 a loss <)f 4 pe r cent. On the
reaches only seven 'een millions of dollars. Advices from the
basis of these tele graphic njtums the estimate for the ftill
leading mercantile centres denote that speculation continues
week ended Nove mber 3 wc>uld seem to po int to a decline,
fairly active, and that the volume of ordinary commercial
compared with 183'1, of about 0'3 per ce nt.
essrs. R. Q. Dun
transactions is quite satisfactory.
Co. report the n umber of failures 1 or the week ended FriInstituting comparison with the similar period of 1887, we
day night as 275 ,243 in th e United States and 32 in Canfind that there is a gain in the whole country of 7*1 per cent,
eek of last year.
ada), against 254 Itist week a nd 245 for the
and that outside of New York the increase reaches 10-1 per
)
M
&
w
Losses from last year are shown at fifteen cities, but
the decline is small, except at Duluth and St. Joseph. On the
other hand, however, there are some cities which exhibit im-
cent.
Betumt
1888,
portant additions to the figures of 1867, and they are, in order New York
of prominence, Omaha, 26-3 per cent; Peoria, 23-7; Lowell, Sola of Stock
23-8: Boston, 21-9; and Kansas City, 20-9 per cent.
The ex- Boston
t-ass
of o\4 per cent at
New York comes
W-k MmUng Kovtmber 8.
TeUtrapK
t>v
6S2.630,«9e
(sfiorM)...
ill
the
New York
Ri,8!»7,943
PtalladalDhlA
e7,6e».i7«
in the face of slightly
than a year ago. Dealings in shares
Stock Exchange for the week cover a mar-
ket value of only $84,198,000, against $87,130,000 for the
f
last year.
As
is
our custom,
we
week
deduct two-and-a-half
8t.IiOnU
New Orleans
I
day
these values from the New York totals to arrive at the
ToUl full wee*
exchanges due to other business, the result reached being Balano* Coanirr*..
imes
•473,637,609 and 1429,765,729 respectively in the
or a gain of 10 per cent,
two
years,
•
..
Total week.
all.
For the
week,
fall
.
-«l
683,668,081
(-12-8)!
.
+T6
88,715,497
59.396.392
54,451.000
10,979.145
58.773,000
13.8M.916
14.87S,0U
io.e8j,w«
Kitlmated
P.CctU.
(1.187.676)
raaller stock transactions
'
1887.
-s-o!
-S'7;
-H-8'
-8-S!
-floj
WtA MmdH OeL 27.
1888.
P.Omf.
$
688,180.471
a,«84.10«)
88.9OS.8S0
88,0ia,6«8
10346M3
-H8^
-•4
6ajlJ8.000
ii.ft?ej«»
«,«6o^oei
-l-l
+»7
8.664.631
a489;iu
786,558,766
819.677344
-4-0
796,906,«85
+7*
183,96'<,049
168,163.437
-(-187
1<I0.80«.3«|
-hTO
l)^o..^a^,4lo
«88,a»,'l«
119.018,267
115,578.910
964,118.787
109.«««,816
-M-4
1.068,715.803
W-l
-1-8;
-08
l,0S9,8«6,6'Sl l,097.»13,«9ll
Md OD last w eeVdretarni
Ixu
(
1.
-l-T*
THE CHRONICLE.
512
[Vol. XLVII,
We
Treasuiy operations.
THE FINANCIAL SITUATION.
more than
no new feature in money the past week and
no material change in the conditions, except that there
has been an almost total suspension in the movement of
currency to the interior, very likely largely due to the
There
is
The
Tuesday next.
election on
shifting of loans incident
refer
have room
to-flay
to
do no
the modifications which Government
to
disbursements have effected in our money matket.
bearing on that point,
we
notice
first
As
that the principal of
the funded debt has decreased in October $26,539,890,
making the decrease for the last two months $50,014,290.
Going back to the first of July, ihe beginning of the new
of November settlements resulted in a tern. fiscal year, we find that the total redemptions since that
porary demand on Thursday and Friday, and the rate at date have been $57,022,730. In other words, during the
the Stock Exchange for bankers' bilances advanced to 4 last two months (carrency being needed for crop purposes),
to
the
first
percent, making the extremes for the week 4 and l^per
cent but little was done at either figure, so that the
the bond payments reached about 50 million dollars, while
in the previous two months (there being no euch need for
average has been not above 2 per cent, at which renewals currency) they reached but about 7 million dollars. These
have been made. At banks and trust companies the figures do not of course include the premium on the
;
minimum
for
call
money
is
2| per
remaining as heretofore reported.
maximum
cent, the
Time
loans continue to
be offered by houses with foreign connections at low rates,
but in every case
fi'St-class
collateral
bonas
;
the disbursements on that account were for the
month
last
$5,079,000
$4,518,457,
;
demanded, and October, the
is
where transactions have been made it is probable tbat some
of the security has been borrowed in the market. The rates
on these offerings are 3 per cent for sixty days, 3^ per
cent for three months, and 4 per cent for four, five and
six months on good mixed collateral the quotations are
about -J of 1 per cent higher. Commercial paper is in
fair supply, and there continues to be a good demand
and for the
previous
month
hence in the two months, September and
total
currency outflow from the Treasury,
other than for interest and the ordinary
disbursements,
has been about $60,000,000.
Of course, the new supplies
ot
to the
money market have
This was prevented chiefly by
reached that total.
movement. We refer to the tax receipts,
well kuown, have been all the time in
That is to say,
excess of
the Government needs.
are
now
per
quotations
The
quarter.
@5
bonds,
instead of the
every
i*'airchild
bought
no
from
had
if Mr.
4f
cent for sixty to ninety day endorsed bills receivaale, money market having its supply of currency inert ased to
5@5-J pf r cent for four monthe' acceptances, and 5^ to 6| meet the crop demands, it would have had it diminished,
added to the
for good single names having from four to six months to
into
the Treasury being
a drain
run.
demand from ihe interior. The Government revenue
Money in the open market, London, con inues easy, for September and October was $63,664,000; its ordinary
but is a little higher at the close. Tue cable reports dis- disburtemenls, not including the premiums piid, for the
Heace if the
counts of sixty-day to three months bank bills in London 8»me months were about $43,100,000.
;
tbe counter
which, as
is
—
at
3@3^
per cent, although the
official
minimum
is
still
5
It had been generally anticipated by our leidinir
per cent.
bankers that the Bank of Eagland would reduce its rate,
because of this great difference between it and the open
made.
"We notice
no change was
matket
but
Bank of Belgium advanced its rate to
that the
5 per cent on Saturday last; the open market rate at
;
Paris
3
is
per
4
per
cent,
and
cent,
at
at
Berlin
Frankfort
the
it
quotation
is
3^
is
per
The Bank of England lost this week £141,000,
but it was due wholly tc a movement to the interior.
A private cable to us states that the bank imported
from several sources £45,000, and sent to the interior of
Great Bri'ain £186,000. Our London correspondent today explains the situation of the market there and the
Government had made no bond purchas-s, the money
maiket would have lost about $20,000,000 of currency.
This result
is
only an approximation, and from the figurea
we have we cannot make it exact. A clearer conception
of the currency movement can perhaps be obtaimd from
our ordinary summary of currency holdings, which is as
thougu for several reasons this statement does not
results accord with the month's actual receipts and
follows,
in its
disbursements.
cent.
prospect as to further gold shipments to Russia and South
has been dull but firm
Tuesday the rate for long sterling
and the rates now stand at that
figure for sixty day and 4-88^ for sight.
Commercial
bills continue scarce and the small offerings are promptly
Few bankers' bills are making and scarcely
absorbed.
any as a result of arbitrage operations; the supply is
cbitrfly confined to short sterling and the demand
is
mainly for long bills, the low rates for discounts in
London making them desirable.
It is expected
that
when the demand to cover maturing bills is satisfied there
will be a material drop in rates as the result of offerings
in excess ot the inquiry.
Cotton is moving freely now,
but there is no wheat or flour going out, our wise speculators thinking they can pile up here all of the latter we
have, and dole it out to Europe at their own figure.
The monthly Treasury statement for November 1st,
-.iBued with great promptness on Thursday, shows as usual
'',*he changes which have taken place by reason of recent
all
the week, and on
was advaLced
,
j
to
4 85
Jan.
I,
Oct.
Sept. I,
1,
1,
1888.
1888.
1888.
1*87.
Nov.l,
1888.
Silver
73,348,425
46,294,753
42,773,346
34,511,683
24,566,260
U.S. Notes
80,013,797
15,424,42a
41,580,393
40,823,983
36,813,390
Bank Notes....
197,046
164,093
138,441
193,649
237.884
Fnwj'nal Silver-
87,094.192
24,383.290
25,877,2U8
24,f«5.821
24,179,188
Grand
*
!
»3C7 .529,129 $293,874,691
Bka
22.991,302
total....
»3SiJ .520,431
in deposrr
foreign exchange market
July
»188,875,b«9 (208,608,130 »20C,383,U36 $1x7,713,116 $191,074,575
Gold
In Sub-Tr'sar
America.
Oar
D. S.Treasurtr^i
tut twldin^ of
52,198,91><
1316,752,432 »2»7,«93.2I2 $27fl,870,8«»
69,091,2391
S7,317,.S8'S
54.480.2S0
t34«,074.8u9 $375,-43,861 $355,2lU,j9r $331,J50.90»
Including minor coin.
Note.— Trade dollar biUllon, of wUoh the Treasury now holds $6,189,
142, we take no acoouut of, as sUver bullion Is not ourrency, and woresi
in the volume ot the circulation, whether it is in or out of;
the Treasury. We include, however. In each case the small item of silver
bullion iucorporated in the Treasury statement of net silver holdings,
now amouutiug to $4,itciM,!)72, since If we changed the olUoial llgures in
that respect It migUt confuse some readers.
no change
It will be noticed,
according to the foregoing, that the
difference between tbe final toial for Sept.
may
1
and Nov.
1
assumed to represent the
Of that
decrease in the surplus daring ine two months.
depositarj
amount, however, $4,611,000 were moneys in
IS
$44,492,759, WQich
be
banks, those deposits Uaving decreased to that extent during
Hence out of the $60,000,000 given above
as proceeds of the bond purciases, the money marks
This indicates roughly wha
received about 40 millions.
the two months.
would have been the condition of our banks if there hat
been no bond purchases, and also the rapidity with whicl
trade has absorbed currency ^during the period in quef
i
i
NOVEMBEH
THE CHRONICLE.
ItitS.]
8,
Nuw York
tioD; for ibe
gained do currency
iasiiiaiioDs bavo
ioierval, Dotnrithniaading
ihe
in
House
Clearing
ttiia
outflow of kbout 40 miUicns.
Tnere
Ihit
little
is
beyond the
diaposiiion
new about
is
that
fact
the
trade sttaatioo
the election comes nearer, the
as
defer important operations
to
till it
becomes merd pronounced. And yet
ing how large the volume of tnniactions is,
decide
i,
In S.ock
of trade.
lini 3
exciiement
the political
effect of
Exchange
has been
it is
surpris
in nearly all
circles of co'irse the
is
518
to find the gio«8 earniogt for a siogie
five
million
Up
dollars.
mooih
1887
to
tuoh
exctss of
lo
heavy
totals
were considered quite remarkable. Even in that year
there
were only two months when the acrgregate ran ap to
or
in excess of five millions.
Thus
far this year that baa hap-
timer And these figarea represent
and not all of those. They cover
simply the Pennaylvania proper between Pniladelphia and
pflned already four
only ihe Eistern
liBes,
New Jersey lines and
Toey do not embrace the
Pit sburg, together wiih the United
more marked, and the Philadelphia
&
Erie.
otbor developments w.thin t^e last results on outside roads like the Northern Central,
Phil*check operatious, such as the parsing of the delpbia "Wilmiagion & Bultimore, West Jersey, Camden
dividend on St. Paul btock, the reduciion of the dividend & Atlantic, Baltimore & Potomac, &c. In the foI'o*ing
there have also been
two monlha
to
on AicbisoD, and other similar events. Hecce ii, is not we give a comparison for six years, both for September
remaikable that the sales for the month of Oc.obar show and the nine months.
Tae profit or loss in operating the
an imponanc d«cline as comp^ired with the. same inon h Western system is also shown in the samo statement.
last year, and sn even greater decline as compared with
October,
the
fits:,
1
Here is a rec nd of the transaottoos
months cf this and last year.
S86.
ten
SALBH OP STOCKS AT TUB
KKW TOBK STOCK
of Sharta
of iShzrea.
Ju....
8.986.117
Feb...
S.145.380
5.2S0.889
March
886,142,550
8H9. 144.200
421.6^3.00
Weetem
Foliio.
Xumber
810,186,645
8,147,187
178,369.233
7,214,11'-'
e37,698.9.M)
S7i'.35«.4Sl
7.147.305
646.985.851
379.H92 567
718,998.400
414,449.380
655,104.940 22.608,514 1.9«7.il83,20() 1,186,496.378
1st qr. 18.8>!2.3ii« I,0lrt.9e7,7i<!
April..
7.»I4.877
May...
June..
6,218,12-^
63S.S71.7S0
531.774,880
8.823.275
3S4,5 17380
9,467,B<V
Hli4,29u,75i>
314,450.133
6,560,087
603.8U3.800
6.988,832
817.742.450
478.416.416
371,187.033
393.074.204
333,964,150
189.194.963,
2dqr. 17,858,274 1.601.110,750
8»t<,162,4JB
23.0l6,5ue 2.0^5.8<H.<iOii 1,236.677.573
moe. 29.976.000 8,521,078,500
1.553.267.43I'
45.525,142 4 02J,529,2W(J 2.403,174.051
July..
4,67S.52I
4U8,455,7»
842,9t>0.679
4.653,5.1
409.02U.:I0U
Aug.
.
4,73»,5-^
4ie,OI3.80<>
867,716,51
6,388.154
Sept...
7..122.918
6R>,57«,100
433345,b50
7.381.28>»
547.471.250
629,850,500
qr. 16.7411 .9«6 1,490.045.U25
944,55)1.844
8d
9mos
Oct
.
la 427,993 1.3el6,142,05u
1887.
t
5.885,436
5.0i;6.568
4.674 .(>58
4.876.688
4.438.871
43343(8
:t.38».982
3348373 8,857317
8.384.577
8371.476
3.711,633
2«0.597,52l
342,864,173
1886.
»
188S.
1
IBS*.
ISSi.
$
1
•
1.96S.4I4
1.798.193
1316335
1.8a<.061
1387393
-1-B4.234
+838318
fS1383
-90388
+60,882
13B>3ee
+821380
1349.678
1.997,007
1397363
1301385
1.938,0*7
8344.194
lines
Resalt
Actual.
P.ir.
1883.
Net earnlDxs.
1S87.
Number
LINKS EAST or
PITT8DCB0.
Septfmhtr.
dross earninfffl. ...
Operat'K expenses.
BXCIIANaB.
18B8.
Month.
for
Jan. 1 to Sept. 80.
dross earnings
4.1.356.977 41.063.676 86380,883 83337,638 363W3M 373SS30T
Operat'g expenses. 28.960.941 3i<,9.')0,018 83.894.451 88.016.661 88.866339 83317360
Net earnings... I4.3v«,036 14.183,156 18.971.832 ll.vI90.97l 18348,880 14.076347
-20, tM +731.9131 -98.43- -1811.485 -«ai389 +8»4,868
«restern lines
Result.
14,375351 14.868,59»; 12379.396
9.976.4*1 12.(180.401
1
1,970.90s
Pursuing a cousnrvaiive policy, tne mtua^era have not
this time advanced the ra*e of the semi annual dividend,
88 they did
in
November
last year,
but declared simply
ordinary 2^ per cent.
It will be noted from the
above that the Wes'ern hues have not done as well as the
the
391,287,300
i-«4,74i-.994
140,716.586 4.011,185,426 2.497.820,X70 63.953,135 5.60M.6 1350;3.3»7.«i3,046
6,748.193 682.677,900 37a,28MW2
8,300,236
708,725,078' 447,102,72b
Eastern, there b;ing
tbem
indeed a slight loss in operating
the nine months this year, against a surplus of
in
.
'
Thus the sprgregate Lumber of shares sold in October,
1888, was 6,743,193, against 8,300,235 in 1887.
la 1886
the number was 10,738,718.
Tne value of the sales this
year stands at 372 million dollars, which compires with
447 millions last year and 618 millions the year before.
The bond sales, however, have been somewhat larger than
last year,
though smaller than
other recent years, the
in
measure no doubt
this
As
poor crops in the Middle Western S'ates.
the Penn-
per cent on the same involves a difference of over half a
million dollars.
the
Western
Offsetting the $272,380
system against
Eastern
the resalt on
Having regard
lines,
$480,044.
104,523 in October 1887, $37,087,319 in 1886, and
and nothing
else, the- e
the
gam
$752,424
io
loss
sysem
the entire
ia
net on
on the
a loss of
to this single fuct therefore,
was not the same reason for a
higher dividend this year as existed
391,871 in 1885.
In great
1887.
to be ascribed to last season's
is
sylvania has over 106 millions stock outstanding, one-half
actual value of the sales being $29,082,887, against $17,$74,-
a million in
neaily three quarters of
last year.
Aside from the Pennsylvania, there are very few other
wanted of the way business is growing and our industries expanding, one need large or prominent companies tbat present satisfactory
only look at the earnings figures of the Pencsylvaoia Riil. exhibits of net for September. Such as do show improveThe Pennsylvania has a great variety of tra£Sc, and ment over last year are found almost exclostvely among
road.
If
a
striking llluEtration
therefore
is
is
fairly representative of
Ou
our industries.
the Eastern system of this road there was a gain in earnings,
according to the statement issued
$278,858 gross and $197,249 net in
as
compared with ihe same month
themselves, however, these
of the progress
we
lecall
making.
the
of a general election)
in 1888
$397,424
follows
the
a
year
last year.
figures
Ttieir
that
fact
S anding
significance is seen
(although this
of
week, of
is
$278,858
$332,516
before (the
riy
afford very Utile idei
the gain cf
gain
ttiis
Saptemt>er tuia jear
latter
last
wQen
The Central
the
month
this year, against
tember, 1887.
heavy gains
of
New
It has
is
eapscially
only about $400,000 in Sep-
In gross the increase
in the case of
Jersey
net of $700,000 for
ttiis
is
company
$331,000.
are
all
the
These
more
remarkable that the Reading reports a coosidorable loss
Other coal compaairs wtiich have
both in gross and net.
done quite well are the Allegheny Vallry and Northern
Central, and the Lehigh & Wilkesbarre. In other sections
and the Atchison is this lime mjre prompt than usuil in fur-
year
the
in
the coal roads.
con picuous in this respect.
gross
year,
largely as
the
nishing
Its
statement.
Tne road
reports a loss of $94,411
We
also have the Septemand $180,077 in net.
Toat road has been
Pacific.
Northern
month tbia year is over a million dolUrs larger ttian in ber exhioit of tne
repai'S,
so a gain of
renewals
and
spending
for
the same monih in 1885. Similar favorable exhibits have
freely
been made in the moLths preceding, and for the period $303,065 in gross is attended with a loss of $19,923 in
from January 1 to September 30 the total of toe gross is net.
Tne Uuion Pacific for the month loses $76,074 ia
now 2-^ million dollars larger than in the corresponding gross and $327,994 in net. The Oregon Navigation on
pericd of 1887, 6^ millions larger than in 1886 and over the other hand gams $122,204 gross and $33,491 net.
10 milliors larger than in 1885.
Norfolk & Western, following its prao'.ice of fnrnisbiog
So decided y has the
company's business grown that it is no unusual occurrenc (in addition to ,the weekly and monthly zelurns) a oom-
result of the restoration of rates), so tbat the gross for the
in gross
THE CHRONICLK
514
plete
XLVU.
[Vol.
The following table indicates the amount of bullion in
months ending the principal European banks this week and at the corresappears that notwithstanding a falling ponding date last year.
statement of
operations at the close of each
its
quarter, has issued the figures for the nine
September
30.
It
off in the net in September, tte road earned a surplus
above
charges
all
in
nine
the
months
this
year
Nov. 1.1888.
$553,273, against $372,374 in the corresponding period
This $553,273 is equal to 2^ per cent on the
last year.
Nof. 3,1887.
Bank$of
of
England
France
?.
Oold.
surer.
TotaU
OoUt.
£
£
S
£
20.719,558
40,783,264 40,104.538
28,gU3.334 14.421.686
SUver.
lotoJ.
«
£
20,719,556
20.148.769
89.887,832
45,804.536 47,537.443
22,515,000 15,010,000
20,148,759
93.141,978
37,525,000
21,917,000
18,129,000
43.265,000
22 millions of preferred stock outstanding, which is very Germany*
Aust.-Hnng'y 5,950.000 15,530.000 21,480,000 7,317,000 14,800.000
good considering that the remaining three months
Netherlands.
6.085,000 7,483.000 18.588,000
4,023,000 8,103.000
Nat.BelKlum* 2.461,000 1.231,000 8,692,000 2,461.600 1,231,000 3,693,000
October, November and Decembar usually constitute
National Italy
8,970.000 1,128.000
8,096,000
6.983.000 1,118,000
8,101,000
the best part of the year. But it is the tralfic statistics Tot. this week 110,812,154 88.898.854 199,708,408 109,052,893 87,699,442
198,651.737
Here the same re- Tot.prev.w'k. ll0.8S8,278l88,980.2.54'l9fl.833.B30ll08.793.084'87.673.76o'l96.4fl6.824
that will be most closely studied.
The division (between sold and sUver) given In our table of coin aD d
recent periods ballion
other
traflBc
as
in
growth
in
looal
markable
In the Bank of Germany aud the Banlc ol Belijium Is made from
beat estimate we are able to obtain; In neither case is It claimed to b9
As compared with last year, local freight the
is observable.
aoourate, as those banks make no distlnotton in their weekly reports,
J
reporting the total gold and silver; but we believe the division
has increased 32 per cent and local passengers 38 per cent. merely
we make is a olose approximation.
Note.— We receive tlie above results weekly by cable, and while ^
Through freight shows a gain of only 7 per cent. not
aU of the date given at the head of the column, they are the
Through passengers record a somewhat larger ratio of returns issued nearest to that date—that is. the latest reported figures.
The Assay OflBce paid $219,420 through the Subgain, namely 17 per cent, but that follows simply from the
Treasury
for domestic bullion during the week, and the
fact that the number of through passengers is very small
Assistant
Treasurer received the following from the Cusanyway. The 17 per cent increase represents just 2,773
tom
House.
passengers, while in local passengers the increase is
—
144,726.
In freight the increase in through
is
17,693 tons,
OomUting of—
Date.
Of the 2,002,434 tons carried
and
altogether in the nine months of 1888, 276,028 tons were
through, and 1,726,406 tons local. Of 548,296 passengers, Oct 26.
" 27.
In the case of
19,431 were through and 528,865 local.
"
in local
Dutie*.
418,828 tons.
23
82
73
76
93
37
$2,919,751 86
$230,587
347.990
452,238
574,442
468,638
845,533
29
much
Of the $590,093
increase in gross for the nine months, only $11,050 came
from through passengers and freight. Out of $3,594,
398 total earnings, the through traflBc contriouted $683,708, or less than 20 per cent, and with the continued
growth of the local traffic this ratio will be siill further
earnings the result
is
the same.
"
"
,
Gold.
30.
31.
Nov. 1.
Total.
8800
U.S.
Oold
SUver Oer-
Notes.
Oertifle't.
lifleatet.
1,100
1,100
2,400
1,300
2,300
$16,190
23,600
30,600
34,100
16,600
14,300
85,300
70,900
152,300
89,900
40,200
$9,000
$135,300
$492,900
$12,400
12,300
15,600
$4'S,300
16,10I>
9,600
12,700
$78,700
Included in the above payments were $3,300 in silver
and $1,699,885 67 in checks drawn against gold
coin,
deposited in the Sub-Treasury.
reduced.
The stock market has continued
there have been few features
dull and irregular, and
any general bearing or
of
E irly in the week a sharp break occurred in
New York & New England, and Philadelphia & Reading
moment.
was depressed on the poor statement of earnings for the
month of September. The other coal properties shared
more or less in this decline in Raiding. Latterly a more
confident tone has prevailed, and Lite Saore and the
Vanderbilt specialties have been remarkably firm all
through ihe week. Uuion Pacific has also been strong,
the
new
loan
having
been
or
three
days
ago
rumor
a
great
a
was
Two
success.
current
that
Mr.
SOUTH WESTERN RAILR OA D SITUA TION.
We have taken occasion of late to speak of the losses
io earnings
our "Western railroads have eufEered during
By combining
months.
past
the variora systems our
statements have simply proved that like causes have been
operating throughout that whole section to produce liko
Those who have followed us have recognized
we gave represent conditions which are in
results.
that the figures
great measure past or are rapidly passing, and by no means
forecast
the future situation.
It is
well to
mark
this
and note Eome of the infiuences of a favorable
nature that may be expected to operate through coming
months.
We take the systems of the Southwest as the
difference
had
obtained
control of
Gould
the Atchison.
It
met with a quick denial, but the belief is
gaining ground that some arrangements are in progress basis of our remarks, because that section is now in a
for the general restoration of rates in the Sjuthwes^, and more demoralized state than any other: while the week's
this belief has encouraged a ris3 in Missouri Pacifij here rumors with regard to a settlement of diSerencas between
and in Atchison at Boston.
The Pennsylvania, as ex the Gould roads and the Atchison, make what we have to
pected, made no change in its semi-annual rate of divi- say more timely.
Suppose there should be a comprehensive arrangement
dend. There is very little trading either for a rise or fall,
the general disposition being to wait till after the resulc of as to rates between the Atchison and the Gould system of
the election is koown before making any decided ventures. roads what would it embrace and promise ? We do not
Tne following statement, made up from returns col- wish to be understood as believing that any such arrangewe have no special knowledge on that
lected by us, shows the week's receipts and shipnents of ment is imminent
—
—
currency and gold by the
New York
point.
banks.
President Strong, of the Atchison, in his circular
week stated that rates had been partially restored
and that efforts were making for their entire restoraof last
Wuk
endlno Nov.
2,
Received by
Shipped by
N. r. Banks. N. Y. Banks.
188a
H,879,000
Total gold and legal tenders ....
$1,979,000
$:i,u8a.ooo
«2,18l),000
Net Jnlenor
Movement.
Lo3S
Loss.
$101,000
$101,00
Taking the foregoing in connection with the Sub -Treasury operations, the result is as bslow.
Wtek end(n« Nov.
Info Bankt.
8, 1888.
Out Of Banks.
Net Ohante in
Bank HoldJnoc
Banks Interior Movemsnt, as above
Bab-Treaa. operatlona
Total gold and
letral
tenders
...
11,979,000
10,620,000
ta,080,ooo
10,500,000
Qaln.
$101,000
150,000
119.629,000
tl2.5SO.000
OHln.
f4fl.000
Loss.
tion.
Furthermore, a member of the firm of Kidder,
Peabody & Co., a representative of the Barings, has
lately become a directo", and it is natural to suppose
that he was put there for a purpose, and that purSo
pose could not be a continuance of war rates.
pretty
we look upon a restoration as a likely, perhaps a
sure consummation,
while that
is
if
not at present, in the future.
a natural conclusion, perhaps
it
is
But
not so
generally understoodj that the carrying out of such
an
NOVEMIIKR
THE CHRONICLE.
8, 1888.J
516
srr*ngemeDt wben both Barkis and Peggolly gel willing Hantingion interests control practically ttia whole of th«
vast system of roads south from Kansas City and 8'. Tjouis
any other two systems of loads in any other sec.ion of to the Gulf of Mexico and west to the Ptcifls Ocean.
Mr. Huntington has his lines in California, the Soatbera
the country.
As is very well known, in the Southwest, as in the Pacific trans-Continental sjstem to New Oi leant, and the
Northwest, a great deal of new mileage hai been added Houston & Texas Central.
The Atchison have their
Bat let any one examine a map syitem in Kansas, the Atlantic & Pacific, the California
within a recent date.
could be more easily effcted th»n would be the c»se wi.h
showing the new railroad construction during the last
throe years and he will find that nowhere have there been
so many cr such heavy additions as in the district immediately wfst and south of Kansas City.
The statistics
lo Kansas, for instance, there
disclose the same feature.
has been an increase of about 4,000 miles since the first of
January, 1886, while in Nebraska about 2 000 milt-s have
been ad did. In Tezap, also, there has been an addition
Taking these th'ea States together,
of nearly 'iOOO miles.
Central, the California Southern,
the increase reaches 8,000 miles, or about one-third of the
speak of the fact tbat Messrs. Gould and Huntington are
&
Santa Fe.
Bouri Pacific,
the Missouri Kansas
&
Of course the
k Great
Henderson, and the Texas &
Texas, the luternatioial
Northern, the Ilouiton
Pacific.
and the Gulf Colorado
Tne Gould combination embraces the Mis*
the Iron Mountain, the Arkansas & TexM,
&
St.
Louis
& San
Francisco consti-
tutes a large independent system, but the
road
we
managers of
plan for maintaining more peaceful arrangements, not to
new road cotsructed in the whole country in this both represented in its board of directors, and
If we leave out Nebraska, because the so-called company is a joint owner with the Atchison in
l^ericd.
total
Southwestern roads are not greatly affected by the conditions in tbat State, there
in
Kacsas and
of the
Te2a'>,
new mileage
still
which
remain 6,000 miles of new road
constiitutes nearly one-quarter
of the last twcand-a-balf years.
addition, about 1,000 miles has been
cons'.ructed
in
In
the
—
this
may. be sure would look with favor upon any
roads,
notably the Atlantic
parties
therefore
&
Pacific.
that the
various
If these three
should determine to act in harmonj,
there would be no powerful interest to oppose them, and
they would have practically their
own way about
regards the roads south from Kansas
Ciy and
it.
As
the Mis-
that is, in souri River to the Gulf, there a: e really only two interests
lying between Kansas and Texas
Arkanjas and the Indian Territory, In Missouri (both to consult the Atchison and the Missouri Pacific.
north and south of the Missouri River) the increase has
What is likely to ba the disposition and pleasure of
Altogether there are, roughly these two parties? Tae important point of course is as
been, say, 800 miles.
It wottld
speakiog, 7,500 miles of new road between the Gulf of to the possibility of securing better rates.
Mexico and the Missouri River and northern boundary of seem clear that low rates have baen the miin cause of
la
Kansas.
the heavy losses which have been thus far sustaiaed.
Tae d'sposition is to look upon this vast addition to the report to the Kansas S .ate Commissiouars for the
territory
—
rivalries. year ending Juoe 30, 1888, the Atchison gives the averBeiog 80 much larger tban in any other seciion of country, age per ton per mile at only 1-17 cents on local freight, aa
the inference seems natural that the outlook in this against 1-43 cents in the previous year, and at only 0-91
particular is correspondingly less satisfactory. But there is cent on through freight, against I -16 cents, being a reduction
another important circumstance to ba taken into consider- in the one case of nearly 20 per cent and in the other
indthis notwithation.
In other sections the properties are divided up of over 20 p:-r cent in one single year
among a large number of companies. Moreover, there standing taat the tendency of the extensive additions to
»re contlic.itig interests as between diff-^rent districts and the branch system of roils wjuld ordinarily b3 to raise
The Missouri Pdciflc likewise shows greatly
places, and many large systems all under independent the averages.
mileage as certain to encourage long^c on tinned
—
—
This makes it necessary to consult
a host of d fferent parties before any concerted plan of
action can be agreed upon or carried ioto effect, and the
effort frequently misoarries, as has bsen so repeatedly
proven in the Northwest during tie last twelve months in
the inability to reach a permanent and lasting agreement
control and ownership.
reduced
rates.
Considering the experience of the present year, and the
heavy losses which both systems have suffered, propositions
to establish
more remunerative
rates,
should ba favorably
regarded, one would think, by both sides.
certainly, as already stated,
may be
The Atchison
supposad to en'.ertain
m%nagement solicitous about
un ier their charge and aiming
Tae interests of the
there are fewer parties and interests to consult, miking it to operate it to the best advantage.
la
quite a different undertaking to effect a settlement between Missouri Pacific lie in the same airection, apparently.
them. Consider first the control of the new mileage. In this latter case, however, the matter may perhaps be
Kansas, as already said, 4,000 miles have been added complicated by other considerations. The Kansas & Texas
atisf actory to
all
such a desire.
concerned.
Southwestern roads have a decided advantage in that
It has, too, a
the welfare of the property
has not yet baen lifted out of financial embarrassment.
Mr. Gould is evidently anxious to secure a reduction of
in tbat State.
Of this addition about
The roid is not
northinterest on the company's indebtedness.
been constiuoted by the Rock Island, which is a
combination,
Pacific
Missouri
the
but
essential
to
there
is
absolutely
westarn road.
Of the remaining 3,000 miles,
since
January
1,
1886, thus nearly doubling the mileage
1,000 miles has
by the Atchison and yet it is hardly within the range of probabilities that
no strong effort will be made to keep it within the system.
their own hands.
In Texas, Arkansas and the Indian The Missouri Pacific management may therefore have
The Gould reasons which disincline it to a full restoration ju»t yet.
Territory the situation is muffh the same.
matter how
roads, the Atchison, the St. Louis & San Francisco and But whatever the present intentions and no
is that
in
mind
bear
point
to
the St. Louis Arkansas & Texas are responsible for the long the delay, the important
little
that has not been provided
or the Missouri Pacific.
bulk of the
new
either
These, then, have the matter in
mileage.
when the time does
arrive, only a conference
between the
a
But it is not alone the new road on which control is officials of these two systems will be necessary to effect
aspect
entire
the
accomplished,
This
thus strongly concentrated. All the railroad mileage of complete settlement.
the Southwest is held under equally close ownership. of affairs in the Southwest will have changed.
Now
that Mr.
Uiree parties,
Gould has the St. Louis Arkansas & Texas,
namely the Atchison, the Gonld and the
Of course the probable volume of
important bearing upon the future.
traffic
And
also has
in this
aa
particu
THE CHRONK^LE.
616
lar the prospects are eminently satisfactory.
Tne Kansas
Board of Agriculture has this week
showing the current year's yield of the crops in that Statp,
and the figures have been telegraphed east. The produc"
tion of wheat is placed at 16,720,719 bushels, which
compares with 7,607,000 bushels for last year as per the
estimate by the Agricultural Department at Washington.
issued
figures
its
The yield of corn is given at 168,754,081 bushels; the
Washington figures last year made it 76,547,000 bushels,
so that notwithstanding the hot winds which prevailel the
current year, the production is more than double that of
years, the yield for
than in
It is also larger
the previous season.
mst
1886 having been 126,712,000 bushels;
we have
not the otherr.
Oats,
it is
stated, will
largest in the history of the State; last
be the
This enlarged yield of
all
Bales of 400
Farmers,
iraffia.
obtaining good prices for their products, and
agricul'Ural interest
As
is
in the following, giving
lbs.
each.
1887-88.
and
their con^
1886-87.
1885-86.
Great Britain—
Stock Oct.
1 ibeginning of year)
51,000
Deliveries daring year
3,843,000
55,000
3,690,000
Total supply for year
3,893,000
Total consumption for year. 3,841,000
3,74i,000
3,694,000
3,683,000
3,628.000
52.000
51,000
55.000
1 (beginning of year)
167,000
Deliveries during year
3,796,000
166,000
3,641,000
107.000
3.524,000
Total supply for year
3,963.000
Consumption during year... 3,770,000
3.8'i7,000
3.640.000
3.631,000
3,465,000
167.000
166.000
Stock Oct.
(end of year)
1
Continent
I
Stock Oct. 1 (end of year)
193,000
too, are
1 he totals for the whole of
hence ihe
enjoying a more pro-perous year.
more freely and
more extensiVfly. At the same lime the immense
amount of new mileage constructei during the last twelve
a con-equence, ihey are likely to buy
88,000
3,fi95,000
—
Stock Oct.
year 40 millions
the cereals will of course give
wnich we have done
sump'ion in each of the three years, all reduced to bales of
400 pounds. The reader is thus enabled to see at a glance
the change in each item, froai year to year, bath in Great
Britain and en the Continent.
was the yuld.
the railroads a heavily increased
size,
the stock held by the mills, their takings
other
for 1885, 15S,390,000 bushels; and for 1884, 168J million
bushels, u-iug in all these cases the Washington results,
as
uniform
[Vol. VLXII.
Europe for the three years
are as follows (in bales of 400 lbs.)
&t.
Britain and Continent.
1887-88.
1886-87.
218,000
7,638,000
221.000
I
1885-86
travel
or
eighteen
greater
Stock Oct.
1
Deliveries during year
195.000
7,119.000
7,331.00
moLths, should likewise tend to prcdnce
buiness
activiiy.
Finally, the
Total supply
Total consumption
extensions into
7.6U.0OO
7,552.000
7,334,000
245.000
218,000
7,856,000
'
I
Texas, promsii to fare better this yta', the yield of cotton
7,314,000
7,093,000
in Texas and Arkansas being materially heavier than last
Stock Oct.
year.
Our dispatch also coni.aias the average weakly con.
sumption as follows (m bales of 400 Ihs)
EUROPEAN COTTON CONSUMPTION.
Mr. Ellison has issued in Liverpool
this
week
1
(end of year)
I
Consumption per Week.
his usual
1887-88.
1886-87.
I
221,000
1885-86.
Annual Cotton Review, and, as in former years, wo have Great Britain
73,900
71,038
68,000
73,500
70,000
66,000
had the results cabled to us, and they are set out below. Continent
They disclose a state of the tiade in Europe both surprising
146,400'
Total...-.
141,038
134.000
The takings of cotton by European
and promising.
Tne above as state 1 covers the consutnp ion o' cotton
spinners in actual bales and pounds during the season of
in Great Britain and on the Continent.
Bat any exhibit
1887-88 compare with the the figures for the two previous
incomplete without India, which each year is becoming
more and more prominent as a manufacturer of cotton
goods; and then by adding the figures for the United
States we substantially cover the world of cotton manufacturers.
Below we give these returns combined for
is
years as follows.
Fnm
Ocl. 1 to Oct. I.
Oreal Britain.
Continent,
Total.
For 1881-88.
TaklngRby spinners... bains
Av'ge weight of bales
Takings in pounds
.. .lbs.
3,524,000
3,516,000
7,039,000
436
432
434
1,636,725,000 1,518,519,000 3.055,244,000
For 1886'8T.
Takings by spiunt-rs.. .bales
3,386,000
3,387,000
6,773,000
Ay'ge weigh oi bales ..lbs.
436
430
432-8
Takings in pounds
1,476,182,000 1,456.586,000 2,932,768,000
I,
.
For 188a-86.
Takings by spluuors... bales
3,203,000
3,211,000
6,414,000
AT'ge weight of bales .lbs.
44'J
439
444
Takings In pounds
1,438,151,000; 1 ,409,8 1 3,000 2.847,964,000
. .
From
ten consecutive
years, reducing all
form weight of 400
the foregoing
it
will be noticed that the average
World's
Oreat
Consumption.
Srilain.
1878-79.
1879-80.
1880-81.
the
bales to the uni.
lbs.
United
Continent
India.
States.
Total.
.',843,000 3,596,000 1,784,000
3,3')0,000 2,750,00ii 1,981,000
202.230 7,485,230
301,480 8,382,480
2,956.000
3,572,00
2,118,000 371,400 9,017,400
3,640,000 3,198,000 2.19r,O0O 380,H00 9,424,600
3.3S0,000
3,744,000
2,375,000 44 7,40<) 9,946,400
3,666,00(r l,3'-0,000 J,244,000 520,700 9,810,700
3,433,000 1,255,000 1,909,000 584,800 9,181,800
S,628,000 3,465,000 2,278,000 630,301 10,001,300
3,694,000 3,640,000 2,423.000 711,800 10,468,800
<.841 00(1 3.770,000 2,530.000 '750,00(1 10.891,000
1881-82.,
1882-83.
1883-84.,
1884-85.,
1885-86..
1836-87..
1887-88..
weight of the deliveries in Great Britain during the
1886-87 (or 436
pounds) but fell below the average for 1885-86 by 13
• Estimated; returns not received.
pounds.
The Ctniicental deliveries this year averaged 2
Note.— The above does not Include American cotton consumed ia.
pounds heavier than a year a^^o, but were 7 pounds lighter Canada,
In Mexico, and burnt.
than in the previous season. The total inoicates that
The foregoing is a marvelous statement of almost unEuropean spinners' takings this year were 122,476,000 interrupted growth, the only check in the expansion
pounds more than last season and 207,280,000 pounds oeing from 1883 to 1885. Contrasting the first year
greater than in 1885-86.
Tne weights given in the above given (1878-79) with the last (1887-88), there appears to
season just closed was the same as in
table are ordinary weights, covering of course all varieties
and kinds of cotton the average weights of the principal
growths were for the season 1887-88, American, 455 lbs.,
Bgypiian, 678 lbs., and Eist Indian, 395 lbs.; which compares with American, 456 lbs., Egyptian, 675 lbs., and Eist
Indian 390 lbs in 1886-87. Expressed in ordinary bales, as
above, the differences between the years are not obvious.
That feature is better disclosed by reducing the bales to a
;
have been an increase in ten years of nearly 46 per cent.
Nor is there any present appearance of an over-producthe outlook at the moment seems to be for
tion of goods
;
consumption of cotton the
coming twelve months. Mr. Ellison estimates that to
keep up the last season's rate of consumption an American
fully as large if not a larger
crop of 7,100,000 bales will be needed.
He
also estimates
^n that basis the probable supply of Europe, which he
NoyDOBR
THE CHRONICLE
1888.]
8,
gives MS fullows.
The
aciuti resul a lur 1887-8 bave
been received br cable and are
bales.
From Amtri'a
bales.
From EH^t India
balea.
From Egypt.
bales.
From Smyrna
From Brazil, W. I., &o. .bales.
bales]
4,«70,000
1,2.W,000
4,556 000
own
1,1)'2,000
It
400, WiO
50,000
500,000
410,000
31,<00
504,000
6,870,000
6,678.000
436
48«a
7,48P,000
7,277,fK)0
Average weight
Bales of
4{tO lbs
dividoiid.
Ar.tniiL
1B87-88.
1888-80.
Total
Tbe seniimeni waa likewu* aoaiiimout that
American managers were too despotic, and that th« only
remedy in ibis and similar caw>a was for Entiliah boldart
to combine and run the roadi themselves Itirongh their
aUo
in«ert<»d for c >mpariB <n.
Bttimateu.
Europe'i Supply,
I
We give tbe aOove, thougb we do not qaite understand
the figure?.
We suppose that the coosi'lerable increase
(114,000 bales) in the estimated arrivals of American in
1888-89 with a crop of 7,100,000 bales is to be explained
through the circumstance that a much larger p irtion of
('.he movement being so early) reached
Europe in time to be counted in ihe season of 1886-7
BO as to be counted in 1887-S.
7,611,000 baks of 400
is to
be got out of a supply of
weight(>,
much
80
when
present crop
But how a consumption of
each (the
lbs.
th-3
1887-8)
fiitures for
of
7,488,000 bales
same
the left-over supply (visib e and invisible)
smaller than
was a year ago,
it
we
shall
is
have to
wait for tbe circular to explain.
We
the
have
number
also received
spiadles
of
during 1888, and give
by cable }/Li: Ellison's estimate of
Europe, America and India
in
below, adding, for purposes of
it
comparison, the figures for the three previous
may
falling off in
St. Paul's
rivals, like
bow far these coDclasione
The circnmttance that the
be profitable to tee
income
is
common
to
all
tbe
lines in the
and that the road's most powerftil
tbe Rock Island and Burlington & Q lincy, have
territory,
been obliged
to
reduce dividends,
is
evidence that the
from which the road has auSrred have not
been special, but very general in their nature.
It therefore remains to determine tbe extent to which tbe St*
Paul has contributed to bring about these ondiiions and
whether or not under English control tbe course adopted
conditions
would have been
different.
if we once more enumerhave combined to bring about
Tnere was (1) the
tbe poor results the present year.
multiplication of new lines and tbe increase of competi*
tion, necessitating the dividing up of traffic among a
'arger number of roads; (2) resulting from the same
cause, tariffs were greatly reduced and for a time a war
of rates was in progress; (3) the later Stae la«v has been
a cerious drawback, since it forced an equalization of local
and through rates (to tbe basis of tbe latter) and pro'
hibited pooling; (4) last season's crops were rather poor;
(6) there was the strike on the Burlington & Qaincy, and
Our readers
will bear
with us
ate the various causes that
labor troubles generally;' (6) bad weather in the winter
occasioned increased expenses and greatly interrnpted
1888.
1887.
1986.
1885.
42,740,000
23,380,000
43,740,000
23,180,000
13,500,000
2,420,000
42,700.000
22.900.000
13,360,000
2,260,000
4:i,00i 1,000
Spindles.
Great Briiain...
Continent
United States...
East Indies
year>-.
representativeii.
are warranted by the facts.
the list crop
than reached there up to October, 188S, of
517
the spring also proved a serious
and did considerable damage.
2,490,000
It is obvious that over most of these circumstances the
Total.
82,13.5,000
81,840,000 81,210,000 81,145.000
The
St. Paul directors exercised no control whatever.
This shows an increase in the spinning power of the bad weather, the floode
no management, whether Engworld of 295,000 spindles, in which all the countries lish or American, could have avoided. So, too, the
except Great Britain share, although the greater part of strikes and labor troubles the St. Paul management bore
the addition is on the Continent.
no part in bringing them about. Tne Inter-State law, it
will be admitted, would exist to-day even if all the roads
^ENOLISH CRITICISM OF AMERICAN RAIL- which are owned abroad had been operated directly hj
13,'>25,000
22,750 000
13.250,000
2,145,000
traffic;
(7)
floods
in
obstacle to business
I
—
—
ROAD MANAGEMENT.
The unfortunate experiences
the
West have
that
their owners.
The matter of the responsibility for tbe large addition*
mileage and the ensuing demoralization to which this
Taat condidividend^, have has given rise, opens up a wider question.
American railroads
in
suffered in the present year, leading in so
ibany cases to a reduction or suspension of
to
the usual comments and criticisms in tion, however, like the others, is a general one, though it
England upon the methods of railroad management was within the control of the companies. Tne St. Paul
in the United States.
The notion prevails among our has done some share of the new railroad building, but is far
friends on the other side
or at least they act and talk from having been tbe worst or the chief offender, and
that way
that our managers are very lax in their admin- especially in the sense of building parallel or competing
istration of afiairs, show little sense of the responsibility lines.
At the meeting in London, Mr. Joseph Price, the
English Association
American
of
attaching to tbeir positions, and overlook and ignore, if manager of the
given rise to
—
—
they do not positively abuse, the rights and privileges of
the prcprietors,
largely
abroad.
place their
own
where the shares JJare ^held
only EogUshmen would unite and
especially
If
parties in control, say these critics,
bow
Bond and Shareholders, in an address for tbe occasion)
gave the following as the reason for " the competition
"which has been going on." "It has arisen," he said,
.' through the Chicago Milwaukee &
St. Paul, which was
a line to the Northwest, hadtng their way
Kansas City, in the territory of tbe Caioago
recent meeting of English shareholders of the Caicago i' Burlington & Qaincy.
Oa the other hand, the Caicago
Milwaukee & St. Paul, a good part of tbe stock of that <' Bar:ington & Qaincy forced their way through Burling" ton up to St. Paul, with the natural result tbat we have
road b-^ing owned in Great Britain. One point was raised
Uof' rtunately Mr.
a minor one
which we do not remember to have seen "seen all ttiis rate cutting," k\
It was the
raised before and to which we shall refer in the course of Pi ice has transposed the order of events.
much more
satisfactory the
This feeling found
fall
outcome might be.
and free expression
' originally
at
the
,'
down
to
—
article.
Otherwise nothing new was advanced.
There were complaints of the secretive character of the
this
Burlington
—
& Quincy which made
the
first
aggressive
two events bear
Tne Burhogton k, Northern
management
accusations, at least implied, of their not any relation to each other.
having doce their best ior the property charged with line to St. Paul has been in operation full two ye»r», while
being to blame for some of the road's difficuliiis and of the St. Paul's Kansas City line was not opened till A. D.
•ourse they were made responsible for the passing of the 1888.
Aside from this, however, the latter bad many
;
;
;
move
if
we may
at all suppose that tbe
THE CHRONK^LE.
518
thiogB to recommend
it
entirely apart
from whether it might of earnings,
[Vol. XLVll.
attests that fact.
true that w!3 do not
It is
The Barlington & always get our figures from the companies or their
prove good
Quincy's St. Paul line on the other hand was absolutely oflBcers, but we get them nevertheless, and the moral
without merit, justification or excuse, as we declared at effect of the publication of such a large body of returns
policy as a retaliatory step.
the inception of the undertaking.
is
to
make even obdurate managers
Every one knows, however, that these two extensions mination
to withhold the
yield in
their deter-
returns, so that the charge of
losing a great dealfof
are not the sole or even chief cause of the troubles in the
The Burlington, the St. Paul and nearly all other
secrecy in that respect
"West.
There
large companies, both in the Northwest and Southwest, have
number of these have
added largely to their mileage.
periodical statements of net earnings, but fewer that will
A
is still
quite a
is
number
its force.
of roads which will not issue
not issue either monthly ]or weekly returns of gross earn-
Among these are some companies entirely owned
ings.
added 2,000 miles and more
and
controlled
in England.
There is one such company
surprising
really
aggregate
reaching
grand
two years, the
And these efforts have not been limited to a in the West, which furnishes no reports of net except
figures.
TUe roads have spread once a year, while another in the South issues weekly
desire to occupy new territory.
to their
out in
directions, in
all
many
manner and without regard
is that to
day there
is
systems in the
cases
last
a very reckless returns of gross, like the Si. Paul, but like that company
The result also no net, though very often the results leak out on
in
to consequences.
scarcely an important trafiBc
As
that cannot boast of several additional lines.
centre
the other side
It
stated'
—never
on
this.
happens not infrequently,
too, that
the foreign rep-
management is quite conmew road, but if the whole of this new mileage by that tented if the figures are furnished to him alone, not
company could be entirely eliminated, we doubt whether thinking it necessary that the vast body of foreign holdthe general situation in that respect would be appreciably ers whom he represents shall also get the information.
the
St.
Paul
1
as been engaged with the others in building
resentative in
the board
or
improved; in point of fact the total increase on the St.
Paul since the end of 1.885 has been only about 750
A
miles.
important part in the reorganization.
lliis
being the sta'e of aSairs, what has been the part
of investors abroad in bringing
disinterested spectators
it
Have thty been
about.
Have they
?
lent
no aid or sup
few years ago a certain road west of the Missouri
was reorganized, and the foreign influence played an
continued to supply
tlje
earnings by telegraph, as previously.
suit the foreign
The management
Chronicle with weekly reports of
gentleman at
all.
He
But that did not
requested the man-
new undertakings, but sought to discourage agers (and, if our memory serves us, made a
them by withholding the necessary pecuniary means ? to this country subsequently to reinforce his
port to the
Is
it
not a
fact, rather,
that they have taken with great
avidity the securities issued for the
gards the
St.
Paul
itself,
have certainly been placed
the issues of
be
said.
many
Indeed,
roads
in
And
England.
?
As
new
is
re-
issues
many
for carrying on the
money
to them.
private
of
there-
new
con-
Would
not a
representative, but the
them have fallen to the ground and to-day matter of secrecy, therefore, the
have no existence ? But perhaps it will be claimed that always on this side.
great
memoranda got
same spirit is often manifested
Moreover, where a road is managed
by the latter.
from abroad, the interests and lights of American
holders and the public are often utterly disregarded.
Take the case of the Grand Trunk of Canada. Even in
Canada they are not permitted to see the monthly net
results till after they have first been sent to England
by mail and published there, though the company does
la the
furnish the weekly exhibits of gross earnings.
past
firmly refused to subscribe
own
may
so well established that a consid-
money
of the
other side before his
This happened to be a Dutch representative, not an English
two years has coma from
across the ocean (not entirely from Great Britain, of
course) that it would be superfluous to argue the point.
Suppose now the foreign investor had discountenanced
the ecbemes, taken a decided stand against them, and
struction
request), to
compel the Chuonicle to wait for the returns by mail,
because, forsooth, our figures by telegraph reached the
ai regards
other companies, the same thing
it
erable portion of the
work
new
a good part of the
special visit
fault is not altogether or
the retponsibility in such cases is rather remote.
There is one other criticism made in the St. Paul case
Eoglishmen were not charged with the management of which will bear brief notice because it is rather novel. In
the roads and simp'y took ihe bonds olfered because they his addre;s Mr. Price called attention to the fact that on
appeared to be a good investment. Take, therefore, a December 31, 1887, the company reported nearly $3,000,road directly under English control and ownership 000 of materials and supplies on hand. That does not
There is at least one such company in the Northwest. Yet look, he said, as though they were trying to keep them" In the depth of winter, what
that company has been just as free in building new lines £s selves financially strong.
any other if anything, a little more so and it has never necessity could there possibly be for such a stock of stores
had the slightest difficulty in getting from its English as tbai?" As regards the general question of the need of
supporters all the necessary funds.
Even in the case of keeping a stock of supplies on hand, it does not seem
the St. Paul it will be admitted, we think, that if English necessary to say much, for everyone knows that when a
influence instead of American had been paramount, the road needs spikes, or oil, or coal or wood, or ties or
money would have been just as readily forthcoming and axles or castings, it cannot send a man to a local
probably just as readily asked for. What justification is dealer to
them.
get
It
must keep them at
there, therefore, for thinking that if the foreign owner all
with
central
road,
and
points
along
the
had exercised his influence, the result now would be any the growth of the system the amount of supplies must
different ?
The point to consider, then, is whether
also be enlarged.
With reference to the inability to procure regular in the case of the St. Paul this stock of supplies is excesreports of earnings, gross and net, and the secretive sive.
Mr. Price singles out two items, and especially the
eharacter of American railroad management, the Chroni- quantity of ties, for special criticism.
We should think it
cle has never been a defender of such a policy. On the quite likely that temporarily the supply of a given article
—
—
own unaided efforts we have probably might be in excess. That can not always be avoided,
remove that defect than any other body or especially when a road has been doing a considerable
organization.
The growing character of all our exhibits amount of new building. But that soon regulates itself.
contrary, by our
done more
to
NOVEMBEB
The
THE (JHRONICLE.
8, 1888.]
total of all
Bupplies
must be judged
in comparisoo
Exi-nEH.
with the amounts held by other roads. On that point, we
find that while the St. Paul held $2,927,171 on 6,670
miles (note
&
large mileage), the Burlington
tlie
Quincy
held $2,738,500 on 4,603 miles of road, and the Northwest (May 31, 1888,) $2,455,296 on 4,211 miles. Between
December
reduced
stock
its
to
30,
1888,
the
St. I'aul
and
$2,764,415,
work
construction
further reduction
may be
effected
;
on,
a
but the figures given
compared witt its neighbors the St.
Paul is not carrying any excessive stocks. Mr. Price states
that having formerly been secretary of the "Chicai^o
Alton & St. Louis" Kailway for many years, he is very
American railway accounts, and therefore
can speak with authority on the matter in question.
It is
31 years since the "Chicago Alton & St. Louis" yielded
up
corporate existence, and in
its
many changes have occurred
in
the meantime a great
the railway world; but
& Alton, that company held
December 31 $696,734 of supplies and materials on 850
miles, or equivalent to over 4| million dollars on the basis
taking the present Chicago
of the St. Paul's 5,670 miles.
Altogether, the charge that
the St. Paul has been locking up funds in this manner has
little to support it.
BE VIEW OF PRICES IN OCTOBER— STOCKS
GOVERNMENT BONDS AND
-Arc...
\^
The following
shows the highest and lowest
and miscellaneous stocks at the N. Y.
Low. HigA.
150
154
& Pacltlc
Atlantic
ei^g
ga
..35
Do
84'3
8%
Bo8t.<tN. Y. A.L.pf..
Buffalo E. & Pitt8l)
Railroads.
Mar.Housh. .feOn.pf.
Low.
88
Memphi.'i <feCharlo8..
Central
Michigan Central
50
9\ Mexican
100%
35
Milw. X,. Sh.
& West
Minneapolis
<& St.
Do
& North.
Canadian PaoiUc
9559
OS's
20
55
Canada Soutlicrn
Cedar FaUs<& Minn..
53%
58 ?i
Do
,17%
Mo. Kans.
prel.
Burl. C.R.
Do
O., rcor. cert.
l.stpf.,reor.ct».
Do
2dpf.,reor.ctfs.
i-'dpl
Chc.^.
<fc
Clilc:)i.'o
4
luirl.
Clii.
Cliir. ,t
East
Ijo
Chic. Mil.
Do
Chic,
Alton
<fe Quluoy,
111
pref..
&
St. I'aul.
pref..
Chic. & Rock I-Hland.
Chic. St. L.&Pittsb..
Do
pref..
Chic. St. P.
Minn.
&0.
Do
pref..
( in. Ind. 8. L. (S C...
Ciu.Wa8h. & Bait....
Do
pref..
iv.Col.Cln. &lnrt..
11V0.
cfc
Pitts. «uar.
'
A-
.V
Rio
Do
•in.* R. Or. West..
A Ft. D
Do
pref.
Tfnn. Va. & Ga. Ry
isM.
.
Do
Do
I
Istpref.
2d pref.
ABigS
& Terrell..
Mar
01 tU & Denv. C.
iz. I,ex.
i.v.irnv.
II'
V P.
t't. V.
*ireiuli.Win.&Ht.P..
Harlem
Hou».& Texas
Cent..
lUiuols Central
Do
leased Une.
5ld.Bl.&We.st
Keokuk .\: DCS M. pf
ftogstou & Penibr'ke
,
liske Erie
- J>o
i Wcafn
.
pref..
J*keShore
fonglshuid
J«UftvlUe& Nashv..
J^nisv.N.Alb.&Ch..
Manhattan, cousol...
'iKkCoal.
Iron
<
Ciiliiradti
Coliilil.
(
Dill d:
A Hock.
Colli.
(;<tn,soll.liiti<'ii
II.
^'
20
Amor.
37>«
23 «
(.'oiuu>llilu|«il
cio
I>«1.
MiiiUonOtnal,
23 >«
I0>«
Uregon Impror. Co..
ll-*
IH'h
pref.
10.-.
OrewnR'yANttv.Co.
03
„.,
T
^ Do
PiM'Ifln
32>4
3Sh
10>4
..
80
83
•OH 83%
«0% 77
117\ 110>i
Mnll
106V
s.^V
iOii
ripii l.lmi Oertifloat'a
7n
82
9e>a
I'liUinnD PaliuMsCar.
Ifl7
I'lilliult'lpbl*
2 SO
9 '4
S!r~
Tnut
AUibl«
Oaa
Tel.
A
14
12
280
!
Ain.Cbtt«n Oil
11^
im
Mln..
mil
QuiuknUvur Miuliitf..
!'•
80',
•
Varioith.
V.-li^
17
il..
Co
Western Union Tel..
89%
17»
83 ^i
SttV
The range of Qovemmont bonds sold at the Stock Exchange
in October was as follows:
OOVERNMIWT
reg.
108
108!%
Lonrest... xl07>4
Opening..
Hlghegf..
1061%
Closing... xl07'.t
108»s
108=8
* Prloea
bid—no
BOITIM.
4i*t,18Dl, 4»,1007,
coup.
rtg.
1891,
4ifl*,
1*, 1007,
On, Our.,
•98 reg.
0; Our.
zl2»
129%
129
129 >a
•131%
'132%
eaup.
120
129
lOSiSs
12e''g
12«!V(
127%
1271a
ni) reg.
129%
120%
•181
aalos during tho month.
The daily posted
rates
for sterling exchange in October
being understood that bankers' actual
rates are usually a fraction below the prices posted:
bahkebs' STSBuno bzobahob (pojtkd bates) roR octobeb, 1^89.
are given below,
Oct.
1...
2...
3...
4...
6...
6...
7...
8...
it
60
De-
dayi.
mand.
Oct.
%5
4 84
4 88% 9 13.
84%5 4 88 >«-9 14.
4 84>i-5 4 88% y 15.
4 84% 4 89
16.
4 84% 4 89
17.
4
60
D»-
days.
mand.
84%
4
4
189
84%
18.
1920.
21..
22..
23..
8
4
3..., 4
10.... 4
11....
12.... 4
84%
84%
84%
4 89
4 89
,4
4f4%
89
4 89
84%
|4
88%-9
34aii
7%
6
8%
ni*i
36%
57%
19% 22"8
16% 20%
17%
'21H
134
13'
lOS's
116%
42% 44%
96% 99
65% C9
110'4
115%
141% 144
liosg
10658
1 lO^s
14%
17%
37
41
37% 42%
104
tO
2%
4%
.5911
155
22
25
pret..
L.
prof..
& Texas.
Missouri Paciflo
Mobile <fe Ohio
Morris & Essex
Nash. Chatt. &St.
.
t,..
N. Y. Cent. & Hud. R.
N.Y.Uhlc.&St.Loul8..
Do
Istpf.
N.Y.Chlo.&8t.I-.2dpf
N. Y. Lack. & West.
N. Y. Lake Erie & W.
124..
4
Oct.
88%-9
.8.
4 84%
4 84%
-.'>
4 84<c-5
4 84>a-5
4 84>«-5
4 84%5
25....
26....
60
De-
dayt.
mand.
4 84i«-5 488%a
4 84%-5 '4 88%
84%5 14 88%
88%-9, 27.... 4
88%-9l 28....
S,
SS'a-O 29.... 4 84%-6 4
88%-9! 30.... 4 85
4
88%-9 31.... 4 86
4
88 %9
8
4 84%-5 4 88%-9
88%
89%
83%
First 4 84%B 4 88>r0
High 4 85
4 89
Low. 4 84% l'(S%
U84%-5!4 89%9l) Last 4 85
4 88%
4 84%-5 4
Ohio Iud.<fe West....
Ohio & Mississippi..
2%
do
pref.
4=8 Ohio Southern
65
Oregon Short Line..
159
Oregon &. Trans-Con.
13
72
83
Richmond
<fc
WestPt.
10%
Do.
pref.
22% 22% Rome Water & Ogd.
9% 11% St, L. Alton AT. if..
23% 27%
12
12
86% 87
39
39
24%
2438
7
230
16
10
230%
18
115% 120
06
16%
96%
"
19%
IS
18
30
33%
1H%
17
52
loisa
x92
59
6579
104%
91i<.
62%
42
45
94%
97»8
14
92%
o'i"
8
16
18
11% 1339
73% 84=8
9
11%
141% 145
82
84
1073s 110
18%
"
20%
76%
4ft
Characttr 0/
Znu«.
tUf
1891.
JnUr't
P'u-bU
17
17
23
83
14
33
25%
in«.
t
49,39S
4sa
•e4,S«,512
13».6a0
14,000.000
•64,638,913
U,448
140,000
1,39»,470
810,067,588 133,036,100
eS8,tin,383
1,983,989
*
1,667309
5,186JS»',
• 1 3.363,000 nutnres Jan. 16, 1805; «e40,000 Nor. 1. 1805: areraga dat* of
maturltj, March Id, 1895; $3,680,000 Jan. 1, 1896, 14.330.000 Feb. 1.1896;
srerage date of matarltr, Jan. 18, 1890 $8,712,000 Jan. 1, 1897 ; $39,901,953 Jan.
1, 1898; $14,004,560 Jan. 1, 1890,
;
DEBT ON WHICH 1NTBIIB3T HAS CBASBD 8INCB MAT0EITT.
AKKreffate of debt on which Interest has ceased siDoa matuntr la $8,345,683
Interest due and unpaid IbereoD, $163,110. This debt ooaaistauf anumbsroX
Items of which the principal amauats are called bonds.
DBBT BBABINO NO INTBBB3T.
Amount,
Old demand notes
Let^aUteader notes
$56,807
,
34a,681.0M
Less amount held In Treasurer's cash
Qold certlBcates
Less amount held in Treasurer's cash
166,777,150
ailTer certlBcates
337,187,776
86>4
*
1.4T9,7«»
333.4S4
84
16%
29%
Accrue*
Inttrtet.
197.803,000
682,068,130
17%
44%
151
168
Dim
A Unpaid.
TbtaL
*
t
164,633,850 33,6IS.190
S80,761,»00 iai,306,a30
Q.-J.
4s ref<UF.c«rtf>. Q.-J.
8s. pension ... J.4J.
Paciflo BKa... J.4J.
Axsregate.
Outstatitiino.
Cbupon.
Certiflcstes of deposit
29% 32
25
28%
48% 54%
25
74
Amount
Rtgltttred.
Q.-M.
.
95
13
9
INTBRBST-BBARINQ DEBT.
58%
. .
log's
1S88.
of business October 31, 1888.
108%
28% 30%
Do
prof.
64% 67%
N. Y. & New Eugland
44% 531.1
N. Y-. N. H. & Hartf rd 230
234%
N. Y'. 4 North, pref...
21
23%
N. \'. Ont. & West.
16
17%
N. Y. Susq.&West...
9% 11%
Do
pref..
34
37%
Norfolk & Western.
16% •12
Do
pref.. x50% 57%
Northern Pacmo
28
26
Do
pref.
59
6i%
.
DEBT STATEMENT FOR OCTOBER,
90
87%
6%
74
43
107
TffE
High.
13
88
24% Peo. Decat. & E'villo.
29% Phila. & Read, certs.
13778 145% Pittsb.F.W.&C. guar. 150
Grande...
18
21% Rens. A Saratoga.... 165
pref..x 48% 55% KichmoDd &. AIL
15
Green, pf..
k.Val.&Tol.
& Western
k.
n
87^
3.-j
pref..xl06
North-west...
vfe
Do
20
6%
6
8%
CC Iowa, 4tli afis. pd.
Do
5tha88.pd.
Central of N.Jersey..
Central Paciflo
Char. Col. & Aug
20
34
20
UutolulWiir Mln. prat
'•
Torann. Cool
A Iron
The following is the oflScial statement of the public debt as
it appears from the books and Treasurer's returns at the cloM
Stock Exchange during the mouth of October, 1888.
RAIUtOAD AND MISCELL,OrE0US STOCKS.
AtcblsonTop. &8.Fe.
1.M
1)3
82 >
140
table
of railway
Railroads.
Albany <t Snaq
147
110
77
13S
MlNIXO.
FOREIGN EXCHANGE.
prices
.»
T'nlliil Ptut<«i
possibly
going
clearly prove that as
familiar with
Adanu
Amorionn
'
new
no
with
and June
1887,
31,
519
Less amount held in Treasurer's cash .,•
fractional currency
Less amount estimated as lost or destroyed..
Aggregate of debt bearing no Interest
11,970,000
390,00036.16a.498-
11,680,000
1(0,S1S,«W
7,«».6«4- 3»,ra3aa
15,397,350
.
8,375,934—
,
89% 91%
RECAPITULATION.
45
48%
10
13%
&
25% 33%
InUreet.
Principal.
Do
pref.
x64
74%
Do
Istpref.. 109%
_
114
*
St. P. & Duluth
43% 563j Interest-hearing debt
7.169,196
8SS,13S,383
Do
pref..
95% 100
Debt on which Int. has ceased..
163,110
3,360,689
St. Paul Minn. & Man. xl00% lOe^s
739.639,019
South Carolina
8% 12% Debt bearing no Interest
Southern PaciUo Co..
24
24
7.8S«.aaT
l,e<6.l94,«17
Total debt.
Texas & Paciflo
24
26%
Do Land trust. 22
24% Lms cash Items araUabie for reduotloo ot the debt.. .$301,075,318
Tol. Ann A. & No. M.
100j900,<X)0
24
Lms reserre held for redemption of U. 8. notw
27
Tol. & Ohio Central.
SO
34
Tot«l debt, leas arallable cash Items
Do
pref.
50
55
Union Pacific
61
66% Natcashlnthe Treasury
6.931,318
$-35.635,lM»
&
St. Louis Ark.
Tex.
St. L.
S. Fi'ancisco.
Tbtat
9e3.38i;4'm
3.638.7a8
73S,<88.M»
i,7ae,4»T,»«
$4»I.S7S,«I8
.
United Co.'s of N.J.
Vii-ginia Midland.....
Wab. St. L.
Pao....
Do
uref..
Wheeling L. E., pt
&
A
222
35
223
35
14%
16
2723
29%
59%
62JJ
Debt, less cash In the Treaaory, Nor. 1. 1888.
Debt, less cash In the Treasurr, Oct. 1, 1888.
DeorMM
of debt during the month
Deoreaa* of debt elnos June 80, 1888
L31l.7B3,00S
74,4«t,SaB
1437,*
144137SM0
4.SW,6»
I8.»MM
THE CHRONICLE.
520
market was nominally
PACIFIC RAILROADS.
Int. repaid by Companies.
IrUerett
Prixuifol
accrued
Outand not
of BailUMV.
Name
ttanUnn.
paid.
1/£t
Interest
I
5,727,582
Kan. Pacific.
128,0«0: 8,020,233
3,635,849
Cen.Br.U.P
West. Pacific
1,600,0011
SlouzC.&P.
1,688,320
Totals
.
..
544,730138,128,804
11,783.252
24,832,826
4,S8i,R83
438,409
20,907,141
L 362,454
l,61ii.'l26
9,S»7
2,850,049
1,809,033
,292,470 78.609,147
21,6n2,v«5
1,970,5M)
1
$
658,283
8,089,808
39,4111 2,a59,416
82,56ei 1,952,793
88,000
64,6^3,512
m'ts; 5 p.
Service.
B17,702;31,218,091
6,303,000
Unl'n Pacific 27,23«,B12
Interest
pay- of
paid by
c,
S.
net earnings. the U.
Transportation
Ceo. PaclSc. 86,885,120
Balance
By cash
By
paid by
the V. S.
143,759
155,843,261
1,103,619
I
The slnkliKr funds held ($10,018,650 bonds and 12,198 cash) tlO.020,848, of
which »3,021,3O4 was on accouni of central Pacific and $6,999,543 on account ol
Union Paclflo.
^^^^
STATEMENT.
TREASURY
UNITED STATES
The folio-wing statement for October from the office of
the Treasurer, was issued this week. It is based upon the actual
returns from Assistant Treasurers, depositaries and superintendents of mints and assay offices, and shows the condition of
the United States Treasury October 31 ; we give the figures for Stpttmber 30 for comparison
OCTOBER
Assets
and
September
31, 1888.
Assets
Salances.
UabUitles.
. . .
823,209,020
1U8,479,813
224,868.018
108,289,^94
Total KOld
(Asset) 331,688.233
a32,551,S06
Bullion
Certificates Issued
Certificates on hand
—
30, 1888.
and
LiabaUies.
Gold—Coin.
[Vol.
160,:i64,«00
25.5 6,4 to
1«6,>77,160
86,103,492
>
3^
XLVn.
per cent, the Indian banks were
able to dispose of their 3, 4 and 6 months' bills at 3 per cent,
fully 8 per cent, that is, below the official minimum rate of
the Bank of England, The probability is tba'. if gold is not
agaia withdrawn for export the fall will continue, but it may
very soon result in a sharp reaction. The great financial
houses are anxious to maintain ease ia the marke^, for the
sake of restoring confidence to investors. As mentioned in
this column last week, Argentine loans and industrial issues
amounting
to between 20
be brought out.
There
is
and 25 millions sterling are
still
to
talk again of a large Russian loan
and Berlin. It is believed the French floa'.ing debt is
becoming so unweildy that it must soon be funded. And
in Paris
there are
many
other foreign as well as
home
projects of great
magnitude. The financial houses interested in these projects
are doing their utmost to maintain ease in the market. But
fears are beginning to arise tbat the decline in the value of
money must again lead to gold shipments. Those in the best
position for forming an opinion believe that for the pr sent at
least no more gold will be withdrawn for the Argentine
Republic. But regarding Russia there is much uncertainty.
All the gold arriving in London is now bought for the Russian
Government, abjut £400,000 having been s nt this week to
There are fears that the supply so offering
St. Petersburg,
'may not be sufficient, and that the Bank of England may be
again drawn upon; indeed, rumors have been currrut for a day
or two pas': that preparations have been made for withdrawine bullion from the Bank, Another rumor was that the
metal itself would not be taken, but that as before Bank of
England notes would be substituted.
The uncertainties respecting money have hal more influence during the week upoa the Slock Exchange than upon
4,369,972
4,2S 1,730
Btllllon.
the money market. Operators have not yet quite recovered
2e3.073,2H4
Total sUrer
(Asset) 254,349,412
from the unpleasant shock administered by the rise of the
237,187,778
fe««,3t! 1.476
Certificates issued
,4U4,»24
9,819,875
Certificates on hand.
Bank rate to 5 per cent. Besides, the settlement on the Berlin
289,78<,152
218.66!,e01
Certlfic's, net.(tioi*Hf
Bourse at the beginning of the month was a trying one, and
34,611,663
Net silver in treas'y
24,566.260
63.a68,PBS
D. States notes.... (.Asset) 48,393,320
since then the German binks have been putting pressure
U.. 70.000
13,310,000
Certificates Issued
58u,000
39a,000
Certificates on hand
upon their clients to reduce the accounts these had op-ned for
Certlflc's, Bet.(Ltabaitv)
the rise. In consequence there has been large selling from
40.628.963
Net U.H.notes in treas.
86,81 3,3 !0
6,364.103
6,18»,I42
Trade dollar bullion
Berlin of Egyptian Unified and Spanish bonds. The Paris
193 R49
National Bank notes
237.284
57,317,385
Deposits in Nat. Banks..
54,480,880
Bourse has been somewhat depressed, too, by the Revision
It is anticipated that the proposals
336,7!28,i!l79 proposals of the Cabinet.
BalanceR.... (Asset
313,360,861
POBLic Debt AND Int..„„,.„
will lead to the fall of the Cabinet, and may intensify the
Interest due. unpaid
1,970.619
1,630.746
Accrued interest
3,893,758
7,838,272
existing disquiet. The market for what are called inter8,»t>5,6S5
2,419.625
Matured debt
Inter't on matured debt
183.110
163,721
national securities has therefore been rather depressed, though
Int. prepa'd nor accr'd.
416
],8i6
Debt bearing no interest
during the last two days there has been a recovery. The
Int. on Puc. RR. bonds
12.450
ie,nao
due, unpaid
market for British railway stocks has been adversely affected,
1,292,470
Acc'd int., Pao. RR. b'd:
969,358
too, by money uncertainties and by the tlueatened great
Debt and int. (Liability) 9,688.408
13,039,5)6
416
Fract'l cur'cy redeemed
1,810
In Yorkshire, Lancashire, Cheshire,
strike in the coal trade.
l,837,v:56
U. 8. bonds and Inte'st.
1,792.588
Int.ch'ckB A cnnpons p'd
175,4»9
96,192
Staffordshire and Nottinghamshire notices have been served
ReK. &C0UP. int. prep'd
by the miners on their employers that they will cease working
Debt and Inter'8t.(4s8«t) 1,968,433
1,934 J858
D'btAlnt.neKLwWHfi/)
11,105,2
7,789,976
unless an advance of 10 per cent in their wages is granted.
Res'veforred. U.S. notes. 100,000,000
ioo,ooo,°do6
Fund held fur redt^mp. of
If the employers refuse, and the notices are acted upon, it is
notesof Nat. Banks.... 87,018,859
87.307,732
Five p. c. f 'nd for redemp.
estimated that about 240,000 men and boys will be thrown out
of Nat. Bank notes
6.626,439
6,706,896
of employment. A prolonged strike would so riise the price
194,014,687
Eedemp.res'r.(IAiMr.(v)l 193,645,298
of coal that every industry in the country would be affected,
Nat. Bank notes in
Certlflc's, net,.(Uabaitv) 140,613,658
Net gold in treasury.
BILTIEB—l)ollars,standYd 249,979,440
197,713,116
191,074,5:5
248,791,534
. .
ji;
.
.
process of redemp... (ylsset)
NetreB'rve3.(L<<i6i)i(l;)
OflSce dep't account.
Post
3,930,670
5,889,658
and
189,7U,«88
1,678,066
redemption account
FractUmal silver coin redemption account
Redemption and cxch'ge
account
200
6,830
436,178
Treasorer's transf'rch'ks
and drafts outstanding.
Treasurer u. s., agent for
paying int. on D.Col.bds
,
ToUl
6,068,779
840,070
(LiabiHty)
40,998,749
4,978
InUon D.Col.bds pd (Asset)
Net
Balances
.
(Ltabmty)
41,424,888
40,993,: 77
.(Liability)
'.238,868,891
24(ir,a84,034
74,491,070
96,444,845
90.414
24,088,769
107.185
24,738,696
98,671,163
121,290,661
Net balance
—
(.\S8et)
Assets not available
Minor coin
Subsidiary silver cola.
Aggregate net ^sset
W^anttnvv^s ©ommcrjcial
^
freights doubtless
would be
raised
still
higher.
As
yet,
however, the rise in coal has not been very great, and the
effect on the Sto.-k Exchange has been much le s than might
have been expected. For everrbody h ipes thit so disastrous
a Strug lie will be avoided by a reasonable compromise.
In the early part of the week all other departments of the
Stock Exchange shared in the general dulness, but yesterday
4.480,162
!8,10S,064
Disbuni'g OfHcers'bal'ces.
Undistrib'd ass'ts of f ail'd
National banks
Currency and minor coin
a recovery set in in the market for American railroad securiUntil quite
ties, although the business done c mtinued email.
recently no attention was paid to your Presidential election.
been
It was assumed that Mr. Clevel.+nd's administrati- n had
Quite of late,
so successful that his re-election was assured.
however, people have begun to understand that the conflict
would be severer than had been supposed. There is iu consequenc-- a fear that attention for the next c->uple of wetks
may be diverted from business in New York, and that prices
But as eoon as the elec ion is over there is a
feeling amongst members of the Stock
well
as operators outside, thit markets will
as
Exchange,
may
decline.
uflXisfe ^etos very confident
[From our own oorreapondent.J
London, Oct,
20, 1888,
decidedly improve.
The threatened great strike in the coal trade has suggested
Britain.
a combination amongst all the mine owneis of Great
on for
It is understood that negotiations are actually going
The money market all through the week has been very easy,
with a downward tendency. On Thursday the discount
houses put down the rates they allow on deposits one-half per the formation of a great trust, with a capital roughly stated
coal propcent, and yesterday, though the rate of discount in the open
t 80 millions sterling, to combine all the principal
NoveifBER
THE CHRONKJLR
8, 1888.]
and Walt-s. The sucoeas with
owners have just combined gives confidence to
those who have set the movement on foot that only energy
and pergoveraiice are needed to carry out the combination.
The cases differ widely in material particulars. The capital
to begin with necessary for an amalgamation of the coal
properties 18 immense, and beyond and above that is the reasonable probat'ili y that Parliament would interfere to forbid
a monopoly which might bo raise coal as to jeopardize the
commercial interest of the whole communicy. The mere
magnitude of the capital requir<-d need cause no serious difficulty, provided the coal owners themselves were willing to
take shares in the new company. In fact there need be no
money at all provided. The danger of Parliamentary interference is mu( h greater. However it is so evident that a
great company such as suggested would be better able to deal
with the work people than multitudes of separate owners
scattered over the country, and it would also be so much
Enitland, Sootluiid
erties in
which
Halt
621
nu( a
law, hut
m reooverv
reoover hM noir mads Um prfaw 4.14., with naMIr Mrthtea
Thn Chlllaa
Chll«. stnmw brougbt «33,000 %uA «3,000 Mitrfl
thn West Indies.
M. xlo in l>ollor». TUe dollar markat baa bean qnlet, tba
toUow
~- vprtoa
"» wiimw
lag the silver quoUUon.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of oonaoU, fte.
compared with the last three years
1 8th,
offKtlns.
offtulnff.
rmm
-
.
:
ISW.
1
OlroDlatlon
Pabllo depoiita
Ottaar
M
s.«aMn
depualu
«,0S4MS
Oovaminant aoorlttaa
t8,afi.ooa
)7,s«0.«as! ia.M«.geo
Othar Moarttla*
)9.fl8«.4aa
RaMrraof notes and sola
Coin and bnlMon
Prop, assets to llablllUss
10.7SM.403
tl.748,S4T
10,7»t,S47
11.701.1B*
B0JIW,»7I
8B
4am
Bp.
p<jr
iB.sa4.ns
14.03S.8n
«0.I49,«B7
Sana rata
New i%
UDOjaS
:i.«si.i7«l 11,7l».4l7
p. a.
(3laarlna-Hftn»a ratnra
»
8B.l07.OtO
8J>M,«<I0
«0,6S1JIM
4 p.
c.
OOBSOlS
•
»
«9.too,aao
Ifi8.86S.000
1
a.
40
4 P.O.
lot
10*Ti
8S.9S8.000 1O8J)78.nO0
8 p.tl
100 7-18
Ul. 408.000
cents— OoBChens.
The following shows the imports of cereal produce into the
very
probable every effort will be used to bring about the amalga- United Kingdom during the past seven weeks of the seaaonmation. Short of the actual creation of a trust there mixht, compared with last season
IMPOBTS.
of course, be an understanding amongst the coal owners, but
1888.
1887.
1886.
1885.
understandings of that kind between such a multitude of tTheat
..owt, 10,050.913
7,1.'»0.409
8..')29,>J9l
8,8^5,233
l.82^.54.'i
individual, aud in many cases opposing, interests would not Barley
1.7B0,I12
3,534,203
2.3 0.8.W
Oats
2,723,485
2,0i:<.206
2,314,711
1,8SM.703
be likely to last very long.
Peas
2 in, 92
3 7,744
2(iO,421
192.S93
.381.283
261,.->0 )
33 1,' '"S
588. '86
Unlet-s the threatened coal strike actually takes place, the Beans
Indian com.
3,505,(i'J2
2,»0'i,lll
3.95 ,759
3.511.987
trade prospect is brighter than it has been for a long time Flour
2,ti43,8U4
2,8 i4.686
2,340,492
1.4(».80»
Supplies available for consumption (exclusive of stocks oa
past,
bright r even than it seemed a few weeks auo. The
better able to cope with foreign competition, that
it
is
:
—
reports
from the iron
disiricis are especially favorable.
Shipvery activf, and in every direction there are i'ldioations of further improvement. The new shipping tonnage
built so far this year is about twice that of the corr sponding
ping also
is
period of last year, so
much more
pects of the shipping trade.
hopeful are now the prosFreights have ri>en about 25
per cent compared with this time last year. There is an
appreciable advance in the prices of shipping company shares
quoted on the Stock Exchange, and unless shipbuilding should
be axain overdone there is every reason to hope that the
improvement, will
reported to be larger even than has hitherto been believed.
From the Indian ports exports continue small. Prices in
Europe are very much higher than a year ago or two years
ago, but on the other hand freights are also very much higher.
The advar.ee of prices in India therefore has not so far be; n
BUiBcieut to tempt the producers to send very large supplies
Possibly the export may become much
the injury inflicted by the droughts proves
to be less than was apprehended a little while ago.
Export
will be stimulated also, if the coming harvest which, it is to
be recollected, is gathered in March, promises well.
The silver market has been steady this week. The price
advanced yesterday to 43i^d. per oz. The buying is entirely
for the Mint, wh'ch at this season provides iiself with metal
for coinage purposes. Just now, however, the improvement
in trade has created a very strong demand for silver coins.
So strong, indeed, is that demand, especially in Birmingham
knd the Midlai ds generally, that on one day of th>s week as
into the market.
much
1):
1888
1887.
7.159,409
8,5 .19,891
1835.
8,8^5.233
2,8 >4.686
6.'<6e.958
2,346,492
4,911.440
6.593.605
15.931,053
15,787.823
16,9l4.'i47
Imports of wheatowt. 10,0%G.9i3
Imports of tlour
2,et3,)Ot
Bales of home-grown. 3,70J,764
Total
16,161,481
1888-9.
Aver, price wheat
Aver, price wheat
week. 30s. lid.
season. 3
5d.
Is.
1886.
1887-8.
29s. 3d.
288. lid.
1.46.^.-09
1886-7.
2^s. 8d.
318. Id.
1885-6.
30a. lid.
31s. Od.
BnKUab Flnaaelal inmrKaaa— far Oabla.
The daily closing quotations
for sectirities, &c., at London
are reported by cable as follows for the week ending Nov. 3:
last.
The wheat market has been quieter this week. Arrivals
are large, especially from Russia, whose surplus for export is
larger bj-^nd-by
September
London.
SUver, peroz
d.
CoDsois.new 2%perot8.
for account
do
Bat.
Hon.
Tua.
Wed.
43^
43ie
9'»1S
43
43
43
97tl„
9"''l8
97=8
977,,
Fr'cb rentes (In Paris) tr. 82-70
82 60
V. 8. 4is8of 1891
!llO>a
110>a
130»4
0. 8. 48 of 1907
ISO"*
57'9
Canadian Paciflc
57
& St. Paul....
30
common stock
68 Tg
Chlc. Mil.
Erie
110<4
5718
Philadolnhla A Reading. 26I3
New York Central
11208
Illinois
Central
97»i«
97tJ,8
8^-42i« 82-52>s
111
111
1301a 130>«
43
977,,
971I1,
82-60
111
ISC'*
68
66 \
sen
29%
29%
29 >•
29«t
llMl*
A8\
llilig
56 '8
25 °«
56^9
112>«
25
20%
25 >s
112%
—
=55
11-^19
if
ffomraevjctal vluA Wflisczllinneans ^ews
Changes in Legal Tenders and National Bank Notes to
1.
The Comptroller of the Currency has furnished
Nov.
—
us the following, showing the amounts of national b.ink notee
October 1, together with the amounts outstanding November
1, and the increase or decrease during the month; also the
changes in legal tenders held for the redemption of bank
notes up to November 1
yational Bank Notts Amount outstanding Oo'obor 1, 1888.
Amount issiiMl during Goober
Amount
$243.409,9SO
•30.';.390
retired duilng Ooiot>er
was taken out of the Bank of EngAmount outstanding November 1, 1888*.
land to b:^ sent to the Mi Hands. The buying on the part of
the Continental governments has comp!etelystopped, and the
Legal Tender Ifotet—
on doposit to redeem national bank
Indian demand has als ceased for the time. It seems proba- Amount Oi-tobcr
1,1888
uot«s
Amount deiKwited durmg October
ble that India will by-and by become a tolerably good puras £40,000 in silver
Fri.
56!>8
«t768
11914
Pennsylvania
Thun.
4,213.700
4,5'z0,090
$239,196,250
>
Amount reissued dc b'nk notes
retir'd lu Oct.
(88,045.04a
«S ,318.340
4,533,960
l,215,ia»
For the Indian crops generally, wheat, juie. indi^^o
and seeds are ell reported to be good. Prices are much higher Amount on dtiposit to redeem national bank
»86.a29.9a3
notes Nov inlier 1.1888
than they were at this time last year. And as India will
* Olroulatlou of national gold banks, not uoluded above, $18d,987.
therefore have more to export and receive larger prices, she
According to the above, the amount of legal tenders on
will be in a position lo take moie silver.
It is true that she is deposit November 1
with the Treasurer of the United States to
importing immense quantities of manufactured goods and redf-em national bank notes was 180,829,932. The portion of
the India Council is drawing bills on a large scale
It is this deposit made (1) by b.'inks becoming insolvent, (3) by
banks going into voluntary liquidation, and (3) by banks r»>
pos-sibl-. therefore, that the Indian purchases of silver may
ducing or retiring their circulation, was as follows on the first
not be much increased, but some increase may reasonably be
of each of the last five montlts
chaser.
looked for.
Messrs. Pixley
bullion
& Abell write
as folloiTs on the state of the
ex|Mirt. ftiid coii^^idcra le paroels were sold. TUe order is
now sutisUed tor tlio preneut. Tlie Bank has received since our last
i'JJ.OuO. ArrlvuU: £l3,uoo rroui the West Indies and «7,000from
f..r
Inle.
Silver.—TUe
great
/u<v
1.
Angxut
1.
market
Sept. \.
Oct. 1.
$
Gold.— At the comnicnceiu<-ut of tUie wiH^h there was a good demand
for Kolil
DepotiUby—
market
for silver has been exceedingly quiet, and no
place. A decline to iS'^sd. took place on tbo
movement hm taken
tnsolv't bks.
Llo'dd'gbks
1,13.%8«3
7.012.738
1.098.179
6.9d 1,801
1,061.359
6,8l2,7o9
1,035,903
6,737,39J
-V.»». 1.
1,099.0T«
0.552.061
Beu'c'g uudr
net of '74. •:8 1,36 1,536 82.470,337 80.10^.655
80.271,346 79.178,785
'92,517 97" 90, 60,370 8'<.09<».7-'3
R8.045 ni2'>'«.9W."9a
Total
•Aclof Jnnd20, 1874, and Juy
IJ, 188i.
THE CHRONICLE.
522
Bonds Held bt National Banks.—The foUnwins: interest€ag statement, furnished by the Comptroller of the Currency,
shows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
We gave the statement for Oct. 1
1.
October 6, page 401, and by referring to
that the changes made during the month can be seen.
depositaries on Nov.
in Chronicle of
[Vol.
Daeription of Bondt.
1,
1888,
to
Bank
Pubiic Deposits
in Banks.
Week.
Qreat Britain.
France
Hiiicejan.
$9,470,592
410,259
525,000
685,550
3,015
61.537
625,957
Secure—
$03,174
112,054
101,608
184,756
27,883
23,753
993,270
4,423
78.700
$83,123
40,150
i!921,554 $11,276,463
Total 1888..
Total 1887.
Totol 1886..
9,184,029
8,312,849
183,9711
133,9951
4.1,908
$1,509,493
1,625,370
1,561,559
—
The Assets State Bank is the title of a corporation formed
under the laws of the State of Iowa, but located and doing
$110,000
4,556,000
84,276,500
132,765,100
$3,468,000
66,213,000
100,288,600
1,088,000
18,063,500
32,416,500
Since Jan.l.
22,.'i68
West Indies
Mexico
Bonth America
Circulation.
Week.
1.
$383,539
10,000
Germany
Total Seld.
$110,000
33, Act July 12, 1882..
Currency 68
.4>9 per cents
-4 per cents
Imports.
Ea^mrts.
Silver.
All otlier countries.
Bonds Held Nov.
S.
XT.
XLVU.
business in New York City. The authorized capital is 1 5,000,000, in 50,000 shares of $100 each. The first issue is for $500,000. The President is Mr. Hildreth K. Bloodgood, the General
$221,707.600 Manager Mr. James Salwin Tait, and the offices are at 42 New
$169,969,600
$.51,738,000
Total
The prospectus states that the objects for
Street, New York.
GOVEENMENT REVENUE AND EXPENDITURES,—Through the which this corporation has been organized are as follows:
-courtesy of the Secretary of the Treasury, we are enabled To acquire, for cash, insolvent and other estates which it is
to place before our readers to-day the details of Government desired to wind up, and to make a profit out of a careful
receipts and disbursements for the month of October. realization of the same; to purchase debts, claims, composiFrom previous returns we obtain the figures for previous tion notes and equitable interests; to guarantee dividends to
months, and in tbat manner complete the statement since the creditors under safe security, and otherwise to assist in the
beginning of the fiscal year for 1888-89 and 1887-88.
realizition of estates which are either in course of liquilation
RECEIPTS (OOOa omitted).
or are likely to become so; and to close and wind up the
business of estates, persons, partnerships and associations.
18S7.
1888.
There seems to be abundant room here for a well-managed
institution of this sort, and the company is simply introducCxu- Inter'l
Ouf- Inttr'tiiHtc'ls Tbtal.
Jotal.
ing in New York methods of business that have been proved
toma. Bev'ue Sourc'i]
toms. liev^ue
successful for many years by a number of similar compa~*~\
$
~t
nies in EnKland\ The card will be found in the Chronicle,
8,832 30,815
18,215
9,768
2,154 31,205
9,553
19,488
Juir
and all particulars will be given by the ofiicers.
2,887 37,663
84,623 23,574 11.212
21,Rfl9 10,632
Ansust
2.619 33,860
2,453: 31,698| 20,799 10,442
18,983 10,262
—The Chrome Steel Works, Brooklyn, N. Y., are kept busy
September
2,621 31,803
18,709 10,48'
2,569 31,966
17,832 11,565.
October
filling orders for their well-known chrome steel manufactures.
Their 5 ply combination plates, consisting of alternate layers
78,2«2l 42,0121
8,198' 129,4981 81,897' 41.889 10.945 ".34,181
Total i months.
of welded iron and chrome steel, are used largely in the conDISBURSEMENTS (OOOs Omitted)
struction of safes, banks, safe deposit vaults and cells of
This material is absolutely fire and burglar proof.
jails.
j
~*~
~r~
t
i
I
I
.
1888.
Ordinary.
Pen-
In-
Frem-
sions.
terest.
*u««.
—
1887.
1
Ordinary.
Total.
In.
Prem-
«<on».
terest.
'urns.
t
$
7b(ai.
1
t
JnlT....
12,651
Aug....
10,980
Sept....
10,964
17,174
Oct
i
14,554
9,474
«
8,779
891
$
*
15S
36,149
439
1,303
2i!,196
2,590
5,079
19,530
6,707! 4,518
82,610
$
14,796
10,428
11,594
11,351
*
35,137
8.933
11,448
14,793
71S
464
2,916
2,516
1,764
1,121
7,237
621
26,398
18.790
20,333
&
Gillett are offering City of Council
Mepsrs. Griswold
Bluffs, Iowa, 6 per cent improvement bonds, due in two, four
and eight years. These bonds are issued by a live city of the
West in strong financial condition, and investors will do well
all the
in giving these securities their attention, and obtain
Gillett, who sell a great
particulars from Messrs. Griswold
many choice investments in this market.
&
—
Mr. Edwin S. Hooley has become a partner in the banking
house of Mtssts. Eolston & Bass. Mr. Hooley has had a long
experience in the banking and commission business, and being
Imports and Exports for the Week.—The imports of last a young man of energy will no doubt be a valuable addition
week, compared with those of the preceding week, show a to a house already so active and widely known.
decrease in dry goods and an increase in general merchandise.
—The banking house of Messrs. 8. A. K-^an & Co. of thm
The total imports were |9,100,434, against $8,634,041 the preand Chicago has removed to elegant oflaces on the ground
city
ceding week and $9,053,931 two weeks previous. The exports
Bioadway, where infloor of the Boreel Building, No. 115
for the week ended Oct. 30 amounted to $6,513,317, against
vestors and others will in future find them.
Amos.
51, 769
4,211
48,13J "80,278 19,399
29.130 18,621 11,0581110,478
week and
$5,903,091 last
two weeks
$0,769,454
2,849 100.058
previous.
The
following are the imports at New York for the week ending (for dry goods) Oct. 25 and for the week ending (for
general merchandise) Oct. 26; also totals since the beginning
of the first week in January :
FOREIGN IMPORTS AT NEW TORK.
For Week.
1885.
1886.
•Gjn'lmer'dlae..
Total
Since Jan.
$7,332,291
$8,415,901
$85,304,227
234,048,702
$99,053,889
262,072,288
1,
Dry Goods
Gen'lmcr'dise..
The following
is
a statement of the exports (exclusive of
New York to foreign ports for the
from the port of
week ending
and from January
Oct. 30. 1888,
1 to date:
Fjr the week....
9mv.
reported..
1886.
$7,816,270
264,964,709
$6,700,753
255,523,314
.
.
1888,.
$6,026,425
249,868,808
$6,512,317
237,797,241
68,1926. Dec. 1, '87, cp. on. 50
$5,000 3d Ave. RR. Co. 1st 5s,
I08i4&lnt.
(50 year) 1937
Mercautile Mut. Ins. Co. .$26
Cent. N. J. Land Imp. Co. 1
207
Oriental Bank
Coru Exchange Bank
Nat.
—
22319
$2,00. 'Cinn.7iios,1902. 12978 <tint.
P'tchester
Bunk of Oommerco.175% $2,000 Har. Riv. &
RR.
OhioCeut.RR.toldstock),
assessment not paid ...$29
Co., preferred
1887.
1
25
11
100
6
9
100
30 Bi'ooklyn & Montauk RR.
EXPORTS FROM NEW TORK.
1885.
Shares.
Shares.
.
Total 43weck8. $319.352,929,$361,126,i77 $390,570,037.$386,840,714
specie)
at
I
$1,872,916
6,542,958
$1,902,872
5,429,419
recently
&
20 Exchange Fire Ins. Co. .104>a
510 East & West RR. of Ala.$l p.sb.
105>«
70 Second Ave. KB. Co
IS.i'a
52 Pacillc Fire Ins. Co
1801-2
34 Nat. Butch. & Drov's' Bk.l82i4
Fire
Ins.
Co.
Continental
20
Ing
(feSmel
200 Aspen Mining
16s»
1887.
1888.
30 Pacittc Batik
$8 per share,
Co
165 Aiu. Bk.Note Co. .$30 73 p.sh.
133I4
20 The Gas Consumers' Ben$1,932,884
$2,021,470 100 Ninth Nat. Hank
35
efit
Cj
105
7,535,522;
7,078,964
Bank
"4
50 Commercial
50 Merchants' Nat. Bank...l42>i
18231
50 Nat. Park Bank
191-195
Co
RR.
23(1
St.
75
and
$9,100,434
Exch'ge
$9,468,406
10 Real Estate
Jlotids.
Auctiou Room (lim'd) 112U
$68,000 Trustee certs. East &
$1 04.694,702 $109,009,S07
4 Consol. Electric Light Co. 51
West RR. of Ala., 1st con.
76
285,875,335 277,830,907
60 Mercantile Fire Ins. Co
I
Dry Goods
Auction Sales.—The following were sold
Son
auction by Messrs. Adrian H. Muiler
(siuar.) 1st 6s,
&
$2,000 Col.
102 13
1903 ...121%
lud. Cent.
t, 1904
RR.
124»4
$4,000 Jersey City 7s Water
Co. Ist7s,
s.
117i2ifelnt.
Ix)an, 18119
20 Brooklyn & Montauk RR.
65^4 $75 Central N. J. Land Impr.
Co, common
14
118'4
Co., old scrii)
10 Bowery Fire Ins. Co
50 N. Y. & Tiiu. Asphalt Co. 19%
Total 43 weeks. ?272,780,979 $262,224,067 $2.55,895,233 $244,309,558
The following table shows the exports and imports of specie
at the port of New York for the week ending Oct. 27, and
since January 1, 1888, and for the corresponding periods in
1887 and 1886.
EXPORTS AND IMPOSTS OF SPECIE AT
NEW TORE.
Imports.
Ex2'orti.
Since Jan.l.
Week.
$6,912,728
21,900
$1,200
Germany.....
6;323,9fi9
West Indies..
Mexico
21,795
5,074,365
South America
25,6o6
461,932
741,638
AU other countries..
Total 1888..
.Tgtftl 1887..
Total 1886..
Week.
$17,995 $19,.536,532l
6.511,0941
27,500;
I
2,278
262
900
2,155
$.5,595,
3.56,670
SitieeJan.t
$1,068
2,695,304
1,036,867
1,323,216
38,S23
241, .551
245,034
$5,587,763
36.219,P31
37.354,671' 3.043.6.T1' l?.39fi
Septcinbcr, 1888.
Issued for street improvements. Dated Aii-ust and
Ucnoiumation 1*-.>0U aiid 9\.000.
in 2, 4, 6 and S years.
Bank, New "iork.
Park
National
the
interest nayahio .semi annually at
400.
Total indebtedness of the city, exclusive of this issue, * 14;,
and duo
Gold.
Great Britain.
France
CITY OF COUNCIL, BLUFFS, IOWA,
SIX PER CENT IMPROVEMENT BONDS.
a40
ASSESSED VAI,»ATION,
.
-
...
ACTtJAl. VAIilJATION, over
POPUliATION,
$4,643,540 00
$18,000,000 00
35,000 00
GRISWOLD & OIELETT,
B A NJK E R S
3 W.ll-Ii
,
STREET,
N.
IT.
November
3,
THE CHRONICLE.
1888.J
^}it Sganliers' ^mttXt.
DIVIDKNDSi
relchamarKa,
IDaj/tintlutivt.)
Railroads.
Boston CoiK'ord
& Mou.
Charlotte Coliinibla
pref
& Aii^aiHta...
Mimrlii'stcr
>V,
Liiwrence
fennsyUiiuia
5
Not.
Dec.
Not.
Nov.
21a
Not.
3>a
4
5
1
A Nov. 16
to
9
Deo.
1
1
30 Nov.
1 to
iniacellanoon«.
the rates of domestic excbangt OA
under-mentioned cities to-dar: Savannab,
buying \ discount; icllinit par; Charleston, buying 3-10O(
discount; selling par; New Orleans, commercial, $1 2S diacotmt;
bank, par; St. Louis, 75c. discount; Chicago, 2.'>c. premium.
Unit«d States Vends.— Government bonds have been moderately active, and prices are not much changed, though the is
have been a little heavy.
The Secretary of the Treasury continues to confine his purchases to the 4^8, of which he hM
taken $1,811,000, all at lOSf
The total payments made for bonds purchased from April28 to October 27 were 1107,872,175. The statement for Utfa
lU INOT. in Nov. 3 to Not. 15
WAf.li HTKEET, FRIDAY, Novembor 3, lMStl-3 P. Itl.
The Money Market and Financial Situation.— The week week
Pnltcd
Htnty-i
Kxprean
(<|imr.)
has been comparatively free from striking or sensational events,
it is almost inevitable that the few days just before a
Presidential election should be a time of slack business.
At the Stock E.xchange prices have been irregular,
varying with the circumstance bearing upon each particular stock, and not moving in uni-son either toward a
A feature of the dealgeneral advance or depnssion.
ings for several weeks past has been the great firmness and steadiness in Lake Shore and other Vanderbilt
stocks, based on rumors that the next dividends declared will
be at higher rates. It is true that the Lake Shore quarterly
returns issued so far during the year indicate that there will
be a large surplus for the whole year of 1888, and assuming that
this road and the other Vanderbilts are always kept up to
standard in material condition, the directors might feel justified in declaring larger dividends. The Pennsylvania Railroad,
however, has just declared 2J per cent for the last half-year,
when many persons expected 3 per cent; but the Western lines
of the Pennsylvania system have not done as well as last year.
There seems to be an impression that the coal roads are not
likely to have the same extraordinary business during the ne.xt
two months that they have had in the past, as the retailers of
anthracite must be pretty well filled up, and the closing of lake
navigation cuts ofi a good part of the Western shipments.
Much speculation is indulged in as to the probability of the
payment of full 7i per cent next February on all three classes
Treatirg the whole time from
of the new Reading incomes.
June 1, 1887, to Nov. 30, 1888, 18 months, as one period, as
the face of the bonds plainly indicates it is to be treated in estimating the earnings, and the claim for payment of full interest
on all these bonds appears to be indisputable the thirds having as good a claim, legally, as the firsts. On the other hand,
some parties in Philadelphia urge that the disbursement of so
large an amount in cash would be a heavy drain on the company, and that'the stock would obviously be stronger if the
payments wire not made in full than if they were. Altogether, there is much uncertainty in the matter, as no official
ntterance has been made by the management, and it is remarked that the third preference incomes and the stock are
selling remarkably near to each other.
The open market rates for call loans during the week on
to 4 per cent,
'stock and bond collaterals have ranged from
and to-day the rates were 3®4 per cent. Prime commercial
paper is quoted at 4i(gi5J per cent.
The following table shows the changes from the previous
iteek and a comparison with the two preceding years in the
averages of the New York Clearing House banks
—
H
Loans and
disu'ts.
Specie
circulation
Net deposits
Legal teuders
Beiserve beld
216,700| 22.612,2001 17.049,500
837,675 89,466.6251 87.282.025
il20, 331,800'Dco.2,040,300|101,.128,800 93,680,700
27, 871,lOC:Doo.
104, 633.40o'doc.
—There has been no increase
in the
6,398 ,675
demand
for
sterling exchange during the past week and the market remains dull and nearly featureless. Rates have been firmly
held, however, owing to the scarcity of commercial and other
All bankers are
bills, and long sterling has advanced a little.
now asking the higher figures quoted a week ago, viz: 4 85
and 4 88^, and some a(k ^c. more for long.
rates of leading bankers are as follows
Kotember
2.
8Ut{y Dayt.
Demand.
Prime bankers' sterling bills on London. 4 8.". ®4 83I9
4 SSia
Prime commercial
4 83^*4 84
4 83i4<>4 83><
Documentary commercial
Paris (francs)
5 22>s35 2. ''8 5 1S^»5 131s
40iea 40»ie 40»isl»40»8
Amst«rilam (KUllders)
95'^9»96^
Frankfort or Bremen (relobmarks)
95 %» 95 >4
To-day the rates on actual business were as follows, viz. Bank60 days' stcriing, 4 84i@4 84i; demand, 4 8T}a4 88.
Cables, 4 88i'd 4 88i. Commercial bills were 4 88i@4 83^. ContinenUl bills were: Francs, 5 22^@> 1i\l and 5 10|@5 18};
:
ers'
4
Bstordar
.
Monday
Tassday....
Wedn'sdsy.
Tbnraday...
rrlday
Total. . ..
SloceAp.ga.
The
tiB7,mo
1^,000
ts:7,soo
128,000
311,000
891,000
5S8,«00
100,400
ise.ooo
(91,800
888,900
09,400
3»,060,1SO|
107-108M
n3.400
I08X
lOSM
613.000
596,800
661,000
-lOSH
106K-108K
closing prices at the N.
Interai
Period*
I
Prieu yoML
tSli&.700
108W
l.Sll.eoOj lOT
1,887.«00
P» CtHti 4<M 1907.
OJerlnv. Purck'ct.
8,409,»O
t
ISt-TO-UO
Bl.S8a>000
Y Board
have been as follows
.
Ocl.
<M.
OrA.
Oct
<Vor.
27.
29.
30.
31.
1.
!
IT'tv.
3.
^isB.lSgi
reg. Q.-Mar. •lOSSs •108»3 •103:<9 X 07'4 •107>i •IO714
coup. t.-Mar. •108^ •10838*lO83»-108^ •10^'^*1083b
as. 1891
reg. C. -Jan. 'l-.'7>a •12718 1271s 127% 1271a 127»4
48, 1907
coup. t.-Jan. ".27 lu •127i2,'l'27i3.l27ij •127ii,*127Vk
4s, 1907
1.I2II3 •I21i3,*12:>a
ii J. •12112 •I21I3 •121
6e, oar'cy,'95
rei<. i
•124 -12314,12* •124 •124
reK J. * J. •124
6s, cur'cy '96
-124
•127 -127
•127
•127
1.127
reg. J. A J.
Sa, cur'cy, '97
-IIW
63, cur'cy, '98. ...reg. J. & J- •129i3*129>3| 1291s', I29>.j •129
132>«'132
1*132
•132's*132i3'*l32
reg. J. & J.
68, cur'cy, '99
* This is the iirloe bid at tlie moriiiajj noatd
no tale was made.
State and llailroad Uonds.— There was a little activity in
State bonds on Saturday last, mainly in the Tennessee settlement bonds, but since then they have been almost entirely
.
,
1
;
neglected.
The feature of the railroad bond market has been the unThe market, as a whole,
settled condition of a few classes.
has been only moderately active and somewhat irregular,
fluctuating in sympathy with stocks, though a few of the less
St. Louis Arkansas & Texas
active classes have improved.
Ists and 2ds broke sharply early in the week, on a rumor that
default would be made "on the interest due November 1, but
although the coupons were paid the bonds have not recovered
much, either from bear selling by the Gould and Sage interest
to depress the bonds, or else from complete distrust of their
Ueading preference incomes
management by the holders.
were also weak and lower, on the decrease of earnings for
September and an impression that 74 per cent interest on all the
incomes might not be paid in February. TheM. K. &T. bonds
have also been a weak feature, though recovering somewhat.
1
,
The
lMP»rC«ne«itiul8n.
0/eHnfl». jPurc/iVi. Priea i>oM.
j
,
Barplns reierve.-.l 15,698,400 Dec.l,202,625l 11,962 175!
Exchange.
:
Railroad and Mlscellaneons Stoeks.— The week has
been a very dull and uninteresting one in Stock Exchange
Business has been very limited, especially in the latcircles.
ter part of the week, and the election excitement has had the
The business
effect of diverting attention from speculation.
of the week has been largely professional and the fluctuations
1886.
1887.
I88R.
tHffr'ne'ifr'm
have been governed mainly by the operations in a few of the
Oct. 29.
Oct 30.
Ocl. 27.
Prev. Week.
Under these conditions the market has natleading stocks.
urally been irregular, though considering the dulness of busi9
60, 762.700
There was some depresness prices have held up pretty well.
riSti.OOO
followed by a
393, 706.400 Dec. 347,200 350.19B.300 341.401.800 sion in the early part of the week, and this was
76.6:n.200 recovery, and the general tendency has since been toward firm!»2. 460,700lDec.l,820.6'JO| 78,816,600
8.237..100
8.117.700
•> 487.100:Dec.
4,200
ness, though business has dwindled down to exceedingly small
'418. 533.6U0 000.3,350,700 3iJ7,866.500 349,128.100
I
Legal reoerve
at the
as follows
is
and
Capital
BurplU8
and 93|®9C}; guilders, 40040^ and
The following were
New York
I
Concord
0.'S®U.1|
401®404.
Xke tollowlnit dividends bave reo«nUy been annooaoed
Vhen
rer
BOOkM VtotM,
Wamt of Company.
Cent. 'Pujfobl*.
628
proportions.
The early weakness was led by New England, which deThis was acclined sharply on Monday from 50| to 45|.
companied bya break in the Boston market and was followed
by further weakness on Tuesday, when the whole market was
rather demoralized, though without very heavy sales.
Reading was a feature, declining on the considerable decrease
in earnings and the talk that the full interest on incomes
might not be paid. It was also remarked that the 3d income*
must be selling too low or the stock too high, as the difference
between them ought to be more than 10@13 points on their
The other prominent stocks were Sin Franrelative merits.
other leadcisco preferred and Union Pacific, these and all the
ing stocks being weak and lower. The Richmond Terminals
and East Tennessees, though less active than last week, were
unsettled by the legal proceedings to enjoin the recent lease
and to prevent its confirmation by stockholders.
A rumor that Mr. (Jould had gained control of Atchison
met with a good deal of attention, though absurd on Its face ;
some
the most that could be done in that direction would be
kind of combination between Atchison and Missouri Pacific
There was a sharp rally in
for the maintenance of rates.
Missouri Pacific, which incidentally helped the market dunng
the past few days.
THE CHRONKXE.
524
STOCKS-PRICES AT
N.T.
STOCK EXCHANGE FOR WEEK ENDING NOV.
8,
AND SINCE
HIGHEST AND LOWEST PRICES.
STOCKS
Saturday.
Oct. 27.
Active RR. Stocks.
& Pacitlc
Atlantic
Canadian PaclHu
Canada Soutlicm
8»a
8I2
81a
54'8
5538
5514
541a
SSia 89 12
Central of New Jersey
Central Pacific
Oct
36
88
36
3514
2014 *19ia
I7I3
Uo
1
Do
1«
OhloaKO Burlington & Qulncy. 110 llOis 109
*43
43 »« *42i4
Chicago & East. Illinois
98>4
OS^
971a
pref
Do
65^8
661a 67 '8
Chicago Milwaukee & St. Paul.
107
pref. 107% 108
1)0
IIIO8II219 llO'a
Oldcago & Northwestern
14313 142
pref. 142
Do
108
IO714
Ohli'ago Rock Island & PaclUc. 107
*15
1514
16
Chicago St. Louis & Pittsburg.
38% 37
prer. *37
Do
3yi4
3818
*S8'q
Ohlcvvgo St. Paul Mln. & Om. .
&
O., reorg. cert.
l8t pref. reorg. cert
2d pref. reorg. cert.
Chesapeake
2014
17
*17i2
^™'- 105% 105%
94% 9478
Do
Louis & Chlo..
Cleveland (JoLCin.* Indlanap.
Coluuibus Hocking Val. &T0I.
Clnclii. Ind. St.
61^4
26I4
6112
20%
Delaware Lackawanna & West 13918 139%
19
Denver & Eio G., assessm't pd *18
pref.
•49
Tennessee Va. &Oa. K'y.
10
74
Do
liast
Do
Do
l9t
i>rel.
2d pref.
Evansrille & Terre Haute
Fort Worth & Denver City
Green Bay Winona <& St. Paul.
Illinois (Jeutral
& West
Ind. Bloom.
Kingston^ Pembroke
Lak6£rle& Western
pref
Do
24's
*85
5019
1018
74%
251!)
89
8i8
8i8
'116
117
Michigan Central
Mil. Lake Shore & West
Do
Minneapolis
31
30
17J8
17%
Do
pref
*40
•88
& St. Louis
*7
8
prel
15
17
Ifs
ll'e
Missouri Kansas
Missouri Pacltlo
& Texa«
8
116
31
9014
55
91
& West'n
29
.
261a
50=8
Bichmonddt WestP'tTermlnal
28%
pref.
811a
Do
Borne Watertown&Ogdensb'g
Bt. Louis & San Francisco
*29
Do
Do
pref.
1st pref.
Bt.Paul<!c Duluth
Do
66%
110
*46ifl
96
Bt Paul Mlnueap. & Manitoba. 101
Texas & Pacitic
2414
Texas & Pacltlo Land Trust.. *20
Union Pacltlo
6518
Wabash
_^ Do
pref
261a
51%
2914
83
90
30
3514
201a
18
'15
17 '8
pref
271a
1713
5214
10318
92
59
43
941a
88I9
40
88
7
15
12
4538
*16'4
10
American
111
DnltedStates
'.""
""'
78
104
241a
24
6658
2778
151
113
81
145
.
pref
4I4
4%
N. Y. New Haven & Hartfordi '231 235
Ohio Southern
15 16
Oregon Short Line
•40% 42
Pitts. Ft. WavneA Ohio ...
Quicksilver Mining Co
pref.
_^ ., "o.
Bt Louis Alt. & Terre Haute
Bt Louis Ark. & Texas
South Carolina
Tol. Ann Arbor
Tenuessec Coal
M
&
N.
&
Iron
ODlumhUB & Hockinif
yitrioiia Slockn, Ac.
Anjer. Cotton Oil Trust
Pipe Lint*
(
ertiticatea
i
47
914 10
24
Coal....
89
36 14
2014
16%
18
1714
2014
*l(i%
19
20 14
1978
12%
21%
'32% '33"
55
1"% Jan. 10
62% Jan. 3
57% Oct 1
91% Oct 1
37% July 30
Oct.
45% Apr.
050 73% Apr.
570 26% Mar.
2.30
(OO
2014
•
16% 16%
18
11
30
301a
171a
5213
17
52
31
53
7%
7%
117
30
18
18
22.S
31
30
30
OuO
•17
53
17%
53%
I714
18
3
53
53
800 40%
•30
31
103% 102% 103 14 IO3I4 103% 103% 10378 103% 103%
92 94
92 94
92
92
93% 93%
94
59% 60% 60
60% 59% 60
59^8
60
59
43
47
*42
47
47
96
91% 94% 94
88% 88% *8S%
40 50
•40
50
90
87% 87% •o7
941a
88ia
50
91
6%
6%
8
14
16% •14
11% 11% 12
73% 7538 75
17
12
743?
9%
17
12
76%
'9
9%
14
•42
93
•41
46
93
July
227« Oct.
1
50
•86% 90
•7
•15
12 14
8
75%
•9
10%
45
88
•7
8
16% 16%
16%
9%
10
34
26%
59'e
61
24
26
49
9%
34%
26i«
5038
2-% 28%
81% 82%
89% 89%
29 14
25
30%
48%
49:l8
16
34%
3479
34%
9%
17%
18%
51% 51%
17 14 I714
5078 51%
26 14 26 14
59% 60=8
29% 30%
45% 46%
26%
60% 60%
2338 23%
30
30%
•2638
26
49
2578
.
5179
*2l>l4
14
26
086
6, 268
1, 7u2
15% Mar.
41% Mar.
26 14
49% 50%
28% 2914
26=8
2614
49%
28%
81%
8278
90
I
14% 14%
27% 27%
1.)
13
2738
28
60
60
6038
27% 27%
5979 60%
34=8
31% 34%
34% 34%
80% 80 14 81
81
118% 117% 118 14 II8I4
73 14 72
73% 72
I
106
•104
106
'104
91% 94% 93
35% 36%' 37
9379
37%
80
85
*8l
167% 167% 168% 169
81=8
83=8 84%
8414
I
*14% 15
27% 27%
60% 60=8
34%
93%
37
84
171
8478
104
104
81%
8514
117, ,7551
22
48
3j01 12
000'
•36% 37%;
,85
XI7079I7I
171
•81
84=8
171
85%
1
5
12
12
29
13
19
11
11
11
1
%
Sept
Sept.
Sept.
23 14 Sept
58=8 8. pt
29%Srpt
8ept
64
27, 2'
2
%8ept
Oct
32
28% Oct
5479 Sept
1
1
8
29% Oct 24
f6
14
Oct 24
94% July 25
36% Jau. 5
74% Oct 5
11679 July 19
64% Aug. 4
22l{ 89
Mar. 29I103 Jan. 28
040' 94
Apr. 2,114% Jan. 23
535! 1878 June 6 2i>% Sept 8
,10
93%
37% 37%
83% 83%
1
Oct.
1
1978 Apr.
14=8
106
Oct IS
Oct 24
53% Oct
37%
Apr.
Oct. 26
O. t
19
Mar.
7oO
17, 220
60=8
93 14
30%
67 %
June
1
27%
'104
45
22, ,••74
60%
34=8
93% 93%
1,
14=8
•27
34% 34%
81% •80% 8 % 81% 81%
118% lliH 118% 118% 118%
72
7214 73% 72% 74
106
7%
42% Mar.
17% Mar.
17% Apr.
1, 335
15% Apr.
50% 241, ,380 48 % Oct
29% 97, 730 19 Apr.
82% 15, l-'O 55 Jan.
228 82% Feb.
28% 3, 403 24 Mar.
13,
765 63 Apr.
68%
112
20] 105% Apr.
200
43 Mar.
46%
23
24
30=8
30
26 14 26%
7678
.Mar.
22% Mar.
400 52% June
133, 215 29% Mar.
250
361
60% 61
20%
61% Julv
330 28
4
Sept 28
111
14, 36
2, 69:*
26=8
85% Sept
Apr.
I6I4
9=8
27
Jan. 10
&
978 Apr. 30
18% Apr. 30
18% Jan. 5
89% Jan. 3
13% Jan. 27
102% Apr.
12% Mar.
330
9=8
26% 26% '27% 28
28%
61% 65% 65% 67% 67%
1H%111% 111% 111% 109 111 110
43% 45% 45% 43% 45%
96 98 *96 99
98
98
98% 98
103% 101% 102 104% 103% 103% 104 1047e 1114 105
21
24
2414
24
24% 24% 2414 24%
24% 24
20 24
24
21
64
65
63% 64 14 "6414 64% 6 4 14 65% 64% 65%
*14% 14%
700 71
10, 3l/0
1
80
Juno
34% 34%
17% 18%
52% 51% 51%
15%
979
26
82I4
10
67% Juno
6% Mar.
46=8
60% 61
23% 2379
30% 30%
90
400
6116
liiO
1
104% Jan.
Mar.
37« Mar.
9% July
12% 12%
76=8 78%
34=8
18
92% Oct
Apr.
48% June
300 83
45%
49%
28% 2878
81% 82%
28%
80% 81 34
89% 89%
25% 27
64
64%
27=8
18
72
1
June 25
64% Jan. 9
45 Oct 12
98% Sept 11
95
77% Juno
,6.0
•14% 16%
17
12 14
7678
Apr.
Apr.
50=8 Apr.
30 Apr.
47
•40
88
19% Sept 29
5579 Oct
10478 Oct
Aiir.
85%
310 87%
,886
July 25
12
123% Aug. 8
19% Sept 12
3 % May
1
Mar.
Mar.
2778 Jan.
12% Mar.
137
89% 89%
•40
Oct
9%
56
88% 89%
46=8
16
45%
44% 45%
48'8
26
24
515
7
423 114
'116
17% •16%
17% 17%
52% 53%
1738
8%
116%
18
16
21
I
July
Apr.
Mar.
Mar.
44% Jan.
23% Aug. 3
66% Out 19
16 Jan. 3
30 May 1
62
Oct
5
3379 Feb. 17
1,630 30=8 Apr. 2
1,113 68% Miir. 29 83%
2,766 il03 Jan. 3 120
7
5 .0 43 Mar. 29
100 101% July 2 107%
l,.5ti5
84% Apr. 2 97
1,465 28% Apr. 2 40%
220 75 July 9 106%
2,6!5l 135% Apr.
3 175
42,326 70% Aiir. 2 B6%
,
'll?
*lll
155
148 149
112% 111 in
^78% 80
79% 80
138 145 137 143
151
148
111
79
139
113
80
139
81
81
•148
111
•139
151
111
80
143
81
81
6379
6479
79%
148 152
111% 112
79
137
79
143
22
86
509
10
Sept 4
Aug. 28
Oct.
6
Aug.
6
2
May
Oct
1
Fell.
15
Sept. 20
Oct
5
Oot
4
48=8
8638
137
Apr. 12 155
128
Jan. 19 143
June 23
Jan. 12
82
Sept. 28
Feb. 20
Sept 28
57i4 0et 27
4% Jan, 9
106% Mar. 22 112 Sept 22
67 Jan. 4 82% Oct 11
I
81
627e
81 14'
64=8
56% 56%
•214
414
3
8II4
6238
55 14
1
214
*4
414
231% 234%
15
8114
63%
6(% 63%
55 14
•53
4%
•4
'230
2%
214
•40 14
44
2%
11
'2'i%
32
43
•8
47
10
*2'.i
11%
10% 10%
•24% 24%
25
21% 20% 2.%
32=8|
3178 32%
47
•10
11%
20
2-%
4%l 3%
4%(
'230
233
235
•43
2>
21
392 70
6,(>88
4778 4838'
833e 86
These are the prices bid and asked; no sale was
'
m
48
82
43
II
13%
41
151
•2%
3%
'23(1
2%
4%
235
14% 14%
41
41
9% •8% 9%
37% 36
38
•43% 46
47
im
24% 21%
33%
3238 S3
33
49%
49% 50%
83
8379
50% 52
M2=n 85%
at the Board.
85 Ai
6179
300 28
56
16
42
47
10
80% 81%
64% 66%
878
879
200
885 13%
470 150
100
9
33
35
87,
50
2,825
•24
25
"33"
'33%
JPrtoes
51%
8278
.5a%
62,902
81%
ridoSooa
from both Exchanges.
6%
300 24
410 17
8,300
Oct 22 99%
178 Aug. 31
4% Julie 5; 6% Feb. 24
Jan.
4 234% Oct 29
10 21.3
500 10
(IJnl Is ted.)
48%
85%
7% Apr.
375
665
1714
14
14 14 14
15% 14
40% Wt,
40% 40
150% 150% 150% 150% 151 151
131
•9
10
8% 10
9I4
8% 10
•8%
914
•37% 38% 37% 38% '37% 3!)
•36% 38% 36 14
•44
III4
8%
54% 55
89% 90%
•36
36%
Highest
I
WeUs, Fargo* Co
138
Inactive Stocks.
American Tel. & Cable Co....
Atchison Top. & Santa Fe.
64% 6478
Charlotte Cnl. & Augusta ...
57
5714
Ohiclnnati Wash, jt Baltimore.
•2I4
3
Do
*8i4
54% 55%
88% 9i>i4
33% 35%
8i4
7-4
8%
8
7
116
11578 11578 116 116
8
116
•35
17i«
51ie 5114
^
147
88
36
20
2014
1/
8%
55
54% 64%
Lowest
Shares.
1888.
1.
35
17
Wheeling & Lake Erie, pref..
60 14 59%
60
nilacellaiieons Stocks.
Colorado Coal & Iron
*34
35
3438
Consolidated Gas Co
*80ia 81
8034
Delaware & Hiid.son Canal. ... 1191411914 118
Oregon ImprovementCo..
*72ia 74
•73
'Oo
pref. 104
1051a lOi
Oregon Railway & Nay. Co
94
94
9378
PaclticMall
37 14 37 14 3614
"
Philadelphia Co., Nat. Gas
8Iia 82
Pullman Palace Car Co
167 167
I6714
Western Union Telegraph
84I3 84'fl
84
Express Stocks.
Adams
8%
878
2.
1,
I
28
28
6718
63=8
64
112
111 111
46%
47%
47»a
96
97
97
1419 15
St.L. APacillc
8%
53
Nov.
82
82% •81% «21" •81% 82%
82
82
109 14 109% 109% 109% 109% 1097e 109=8 109=8
*19% 20
20
19% 19% •19% 20
20
74 76% 73 77
•75
74
76% 71
•43% 44% 43% 45
44
44
44
44
2919
2818 28%
28% 28% 28% 2!j% 28=8 2878 28 14 28%
6114 »64i2 6SI9
65
61% 61% 64% 64%
64% 64% •64
Do
pref. •64%
New York A New England
48% 49^8
*16
New York Ontario & West
17
9% 10
New York Susq. & Western.
Do
pret- •3514 35 19
I8I4 idM
HorfolkiSc Western
Do
pref
51=8 51%
•26I3 27
WorUiem FaolSc
6II4 611a
Do
pref
Ohio 4 Mississippi
23% 24
Oregon & Trans-Continental.
3018 3014
Peoria Decatur & Evaasvllle.
Phlla. & Read. Vot.Trust. Cert.
8%
5518
53% 5419
87% 881a
3513 36
7414 74%
73%
*9ia lOia
*9ia lOia
MobUeA Ohio
Nashv.CUattauooKa& St. Louis *81ia 831a •811a 8219
New York Central & Hudson. 109»sllO 109^8 10938
New York Chic. & St. Louis. .. 20 14 20 14 19% 2OI4
7519 77
Do
1st pref. *76
77
Do
2d pref.
44% 44^8 *44i9 45
BTew York Lake Erie
8=8
5518
31.
Jan.
>
17
891a
81a
5519
54%
88%
Oot
30.
Week,
2%
18
53 14
Lake Shore & Mich. Southern. 103=8 104 14
Long Island
921a 94
KOI9
60
Louisville & NashvlUe
46
Louis. New Alb. & Chicago. .. •43
95
93
Manhattan Elevated, cousol..
Oct
29.
Friday,
1888.
1,
Range Since
Sales
of the
Thursday,
Nov. 1.
JAN.
400 10% Aug.
1779 17 7e
20% Oct 1
751 10 July
18=8 18%
18% 19
21% Oot 1
191 10-79 Oct. 30 130% Jan. 27
110
108^8 1091a 109% 110% IIOI4 110% 110% IIII4
ftoO 40
4.ii4
Mar.
42% 42%j 42% 4>l4 4j% 43% 43=6 43%
44% Oct 5
9814
82U 89% Mar.
98
98
98
98% 98 14
99 Oot 5
9714 97%
98
165 60% Sept
78 Feb. 24
66% 653b 6638 66=8 67% 66% 67 14 6578 67%
106 107% '107 107% 107% 107%
060 98% June
117 Apr. 27
I0712 10o% 107
111=8 ll038lLli4 111% 111% 1U% 111.% 111% 111=8 42 170 102=8 Apr.
116 Sept 4
'141% 142% 143% 143% 142% 144
230 138 Apr.
146 Sept 28
1431a '140 143
10()% 107
107 107% 107% 107%
939 100% July
114% Jan 27
1071a 106=8 107
•13
13 15
16
15
It 16 14%
11% July
16
17% Sept 29
37 39 37 39 •37 39 36% 39
29% Mar.
41 Sept 28
39
37%
3914
600
38%
38%
3719
3S
38%
32%
Apr.
42%
Sept 28
381a
21 100 June 13 110% vlay 1
'lOmiOSia 104 104 104% 105% '104% 105%
•93% 9414 93=8 9414
9iia
94
94
,283 65% Apr.
9114 94%
94
95
Oct 22
2;
,150 42% Apr. 2 63
61
60% 60% 60
60
60% 61
60
Oct 1
591a 59ifl
,195
27
26
26%
21
2538
17
Mar.
36%
Sept 11
25=8
25%
25
,320 123% Apr. 3;i45%Oct
138% 139% 138% 139%
1
138 139% 1377, 138% 138% 139
18
126 15 jMly 2 23 Jan. 6
18 19
18
18
18%
18
18
48 14 48 14
300 44 Mar.
'49
X4»% 4^%
51
55% Oct 1
10 10% 10 10
IOI4 10 14
,213
9^8 10
11% Oct 2
8% Mar.
9% 978
7438
,690 55
72
74% 74% 74
74
7212 75
Mar.
83 Oct 25
72% 73
2438
24
23
,631 I714 Apr.
25
23% 24
24% 2479
27% Oct 3
2378 24
85 89 •83 89 85 89
•85
•85
Mar.
89
84
90% Sept. 11
89
46% Jan. 3
21% July
*17
52%
Wednesday,
Tuesday.
Monday,
XLVn.
[Vol.
22 17% Sept
Mar. 26 44% Oct.
Sept 24 155 May
Mar. 19 13% Jan.
Mar. 3! 4 1 July
Mir. 27 4K%0et.
N v. 2 167HJan.
Aug. la 12% Oft
.Mar.
1
Oct.
27
16
27
11
Oct
Mar,
30
Jan.
24% Apr.
25
29
17
14
12
17
Mar. 21
71% June.'':
9
33% Oot 24
5.%Nov.
2
Mar.
8
lOO
NOTEMBEB
THE (;hbonicle
8, 1888.1
BONUS-L\TBST PRICES OP ACTI7E BO.SOH AT
Clonng.
aaUroad Bondi.
tint* Jan.
yov. 2 Oel. a6
« FM!.— W. D. Inc., 6a, 1910
Oa«r..*s, 1937
Oui. South. — iBt ijuar., 6ii, 190H
1902
6e, (?olrt, 8er.K,190B,reorg.cor.
Ext.roiiii., -Is, l!i«6, r. OIK « er.
6«, uurittuvy, 1918, reori;. oer.
Hurl. 6<. 1911
Chew. O. A 8o. W.— 5-6B, 1911 ...
ClUc.Bur. * Nor.-l8t,58, 1926.
Ohlii. Burl. A y.— Cou. 78, 1903.
Uekiiiitur».'^8,
1913
116
110
b.
«pii. con8ol. l8t, 58, 1937 ..
Jt luil. Coal K., iBl, OS, '36
Otuu.
dt.P— 181,I.aM.7b,'97
Connol. 78, 1905
117
109
lOlig <Hn.
113>gJan:
Oct.
June
ll6>s Juue
11 6 '4 July
U'3% Jan.
I
514 Sept.
114>4 Fell.
113>« Apr
100 Apr.
103 I.. 102 b. 101 "a Apr.
1 14
b.
10514 Feb.
78»8b. 77>«b, 6214 Mur
80 •« Sept
7a'8
78\
62 Apr.
80 Is Sept.
321%
82
16°g Apr.
34 "v Oou
114 b. ll4>s
00>9JUD. n4iaOot.
lOi b. 1U5V(
103 Vi Mar. llOisJuiy
97 b.
97 Oct. 103 Jail.
132^b. i'a'i"" 129 •« Jan. 131 June
102
1U5
Nov. 1071s Feb.
91 b. 91 b. 9019 Sept. 95 Jan.
91
W3
91 Sept. 97 Jan.
120>9a. 118 b. 113 Jai.
1 1914 Oct.
»7'»b. lol
91 "9 May 101 Oct.
10:i b.llu.i b. 9
Apr. 10 111 O it.
116 b 115 l>. 113% Oct. 119 Apr.
123 Sib. 123 Oct. 128 May
124
1 0>s
110 b. 107 >» Sept. 1 14 Feb.
104 b.
lOlSi J»u. 107
Aug.
100 b. KO
9812 Sept. 104 May
112''(il>.ill2'8c
!• o'ali. lOO^ili.
U2
•
iBt, QO. Mill. Ui v.— 68, 1910..
iBt, Cbl. a Pao.W.DIv— 58,'21
Wis. *Mm. Uiv.-58, 1921...
100 b. 100
Teriulual OB, 1914
Oble. & N. W'.—Cousol. 78, 1915 144>sb. 145 b. 139 19
132
Gold, 78. 1902
131»ab. 126
BluklDK fund 68, 1929
llSiflb.
18
. .
lOSi* Jau.
112>«Apr.
lOSVili. lOrt
11^^8l).
lia'«
I
Ueiivor l)ivlR.,4B, 1922
NebraskaKxt 49, ili27
Chic. * t;»8i. Ul.-Coir. 68. 1934
0U.MI1..S
1U5^
106\
9(i-'9Au».
f
A.ig.
111>1 Jau |1V1
Oct
115 Jan. 1231s Apr.
98 Jan. 1' 63b Juue
b 123
12<i
Geuentl imirt.. f>», 1987
Leu. .1[W.B..<i>ii.7«. l90U,n»'nl
Am. l>ook >v liiii>.,.S«. 1921. ..
Central Pm-inc—KOia 6b. Id98..
Bttu Jiuwiulii Br. 6e.l900
Land Kr»"t «8. 1890
Mori. 6b, 1936
OlioB. * O.— Piir. III. fund 68. '98
104
b.
1
-03 June
144 >4 July
Juii.
Jan.
Juue 1321s May
Oct.
l-.il
Bluku.g fuud 5s, 1929
10"^b. 107 !^b. 106 Apr
Sinking fund dulibut. 58, 1933 IbS^'i lll»«b 107 ^lay.
35 teuraeiieiit. 58, 1909
104 b. lu..^b. 104 May.
94 19
K»t«UBion 4b, 19-.i6
95
91 1* Mur.
Ohi. K. 1. di Pao.— 68, coup. 1917. 13 i b. 13,1 b 130 July
Kxten. * lOl. 58, 1934
lOeX 106 »8 104 Mur.
Ch.8t.P.,M.A O.—Coii8ol.68.'30 12178 122
119>sJai.
01i.8I.I,.,s Pitts.— l8l,uo<i.oB,'32
97>sa.
95 Oct.
C. C. * lud.— Cousol. 7s, 1914 131 b. 131 b. 123
Jan.
Geu. 68, 1934
Ill b 107 "fl Jan.
Col. Coal A Iron— iBt, 68, 1900.. 104
104 b. 100 Jan.
Suiab 63 Mar.
Col. H. Val. & Tol.— Con. ,^8, '31 7i
Gen. gold, 68, 1904
84
85>sa. 63
Mar.
Denver* HioGr.— l8t,78, 1900
l^OSi
1181a May
7719
Isteou. 48, 1936
78
75 Mar.
Den.* K.Gr. W.- let, 68, 1911. 76 b. 75 b. 71 Jan.
Asset) t«d
65 b. 60 Mnr.
67
Den. BO. Pb. * Pac— let, 7s, '05 77
76 b. 71 Aug.
l>el.Mac.4M.— Ld.gr.3's8,1911
35 a. 34 May
fi.Ten.V.AO. Ky.-Cou.,68, '56ll< 3^ 104 b. 95% Jan.
Blii. Lei. & B. Sand}'— 68, 1902.1 IOO'b
100 "sb. 96 Mar.
Erie- let. cousol. gold, 78, 19'20ll36 b. 136 b. 1321s Mar.
Long liock, 7s, 1893
ll3>9b. llS^b. Ill
Jau.
Cou. 68,1935
116 b 116 b. 115 Apr.
H.Y.L.£.*W— 2dcoB.68, 1969 I0II3 101 b. yU^a June
Ft. W. ADeuv.C. -l8t,68, 1921 9.38
91%
77% Apr.
1
1
1
Feb.
Feb
112i«8ept.
loo's Apr.
9s Aug.
134 June
108 May
12319 May
100 Is Jan.
131 July
113 May
a
Oal.Har.*8an.Ant.— let, 6b,'10 106 b. 10b
2dM.,78, 1906
110 a
I06
M»y
841s Aui;.
b7
Sept.
1211s Oct,
TOSi Ji.u.
83
76
Aug.
Aug.
81
Apr.
Jan.
43
105 Is Oct.
104 Jau.
1381s Aug.
115 Apr.
12.
Aug.
102 19 Oct.
93% Sept.
lOlisFeb. lObi-j May
98 Apr. 106 July
Wb81. Division— l8t,5s, 1931. »l»jb.
90 tear. 95 Oct.
Gr'u B. W. A8t. P.— 2dlnc.d8, 1911 29 b. 30 b. 25 Apr.
42% Juiy
Gall Col.&aan.Fe— l8t,78, 190a 118
118 b. 117 Oct. 12-<:i4 May.
Gold, 68, 1923
8i>%,. 88I9N..V.
98 Supt.
88%
Henuerson Br.Co.— Ist. 68, 193 lUb^b. I08sb. l07i8Mar. llois June
H. & Tei.
124 b. 123<>8b. Ill
Ist M. L. 78
Mar. 124 Oct.
l8t, West. U., 78,1891
124 1). :23!>Bb. 112 Feb. 124 Oct.
lst,Waco&N.78, 1903
105 >sb. lo5Hn>. 105 Juue 114 Feb.
2d, couBOI. M. L. 88, 1912
1102
Fob. 1081s Jan.
Gen. uiort. 68, 1921, tr. reo... 70 b.
b.
65 Jan.
72 Si Sept.
Ind.Bl. &W.— l8t,prel.,78, 1900
118 b.llO May ll-i!is Jau.
181.5-68,1909, tr.i-ec
9.T
93 lab. 94 b.; 80 May
Oct.
2d, 5-6S, 1909, tr. reo
65 a. 68
65 Feb.
741s Sept.
East. l>lv.— 68, 1921, tr. reo.. 93>flb. 940eb. 80
May 9..I4OC'.
Income, 6b, 1921, tr. reo
23>4». 15
Mar.
25 Sept.
Int. * Gt.Nor.— 1st, 68,gold,'19 102"'" 103»2b.l 98>sMay. nils Jau.
Coupon, 68, 1909
65 b.: 61 Apr.
77 Jan.
66
Kent. Centr.— Gold 48, 1987.... 73>aa. TSH
75 Jan.
69 Jan.
Kuoxv. AO.— Ist, 68, gold, 1926 104 is 103
89>s Jau. 1041s Nov.
L. line A W.— Ist g., os. 1937 ..
00 b. 101 Is Jan. 110 May.
LakeSh.- Con.coiip.,lst,7s,1900 128
127% 1125 Feb. 1281s June
Con. coup., 2d, 78, 1903
l'25'4b.Sl22is Jan. 1261s ict
l'.^6
liOng Island— let, 78, 1898
123
llOia.May. 123 Oct.
120
let, coiiBol.,5e, 1931
1 1
Jan 115 June
Loa. A Na»U.— Consol.,78, 1898 117>4b. 117 b. 116 Oct. 123 Feb.
K. O. A Mobile— Ist, 68, 1930. 113%
115 b. 10818 Jan. 116 Oct.
2d, 66, 1930
99isb. 99 13
961s Jan. 100 May
K. H. A N.— Ist, 66, 1919
114 b 114 b. 114 Feb. 1I6I9 Jiiiy
General, 6s, 1930
114 b. 115i(a.!l09% Jau. 116 May
Trust Bonds, 68, 1922
109 b. 109 b.il06% Mar. 110% Mi<y
10-40,68, 1924
100 lib. 10:ii4b.'101 June 104 Fes.
50-jear 5b, 1937
983sb. lOO 0.; 991s Mar I02»e Apr.
Lou.W. A. A Ch.-l8t, 6s, 1910. lltHj 113Sib. IO714 Apr. 115 June
Cousol., gold, 68. 1916
94 14
9414
87% Apr. 97 Aug.
Mem. A Ch'lBton- 68,gold, 1924 1' 5 Sib. 105% 100 Jan. loeig net.
Metro. KlBvated.— let, 6», 1908. 1143eb. 1141
108 % ar. 117 May
2d, 68. 1»99
105 b. 108
103 Jan. 109 Oct.
Mloh. Central- Ist, con., 78, '02 130 a. 132 b, 126 May. 132 Is Oct.
Coueol. 5s, 1902
IO7I9 Mav. 112
Oct.
Mlas'riPac- iBt, cons., 68,1920 llOiflh. 113
107 Mai. Ii3>s Jan.
8d,78, 1906
115 b. 116
115 Jan. 1 20 0<^t.
Pao. of Mo.— 2d M., 76, 1891 . 106 b.
104 Jau. 1108 May
b.
,
C—
!
1
<.
1
I
.>
NoTB— The letter" b"
MmUnMUl
HigK-i.
88i« Mar.
91\
2d,M«,Un3
STOCK SXCHANSB, AMD KAMGI SINOI JAH.
Botidt.
Xot. aiOel. 30
W
A -lit, as, 1031. no a.'l20 a. 117
Mliw. A Nor.— J. I,.. 6s, 1010.. 10H%b. 108>9b. 1' •ft'*
Kxtcnsion, l«t. On, 1913
107 b 10; •41 104%
Minn. A Mt. I,.— Ui, 7b, 1937.... KB b. •5 b. 91
Kll. Lk.Bta.
Mo K.ATei.- Con.,
6s, 1920...
Cousol. ,.'V8, 1920
Consul.. 7s, 1904-5.8
.'V7i<
56',
5S>9
50i« Mar.
li'l
N. Y. A Nor.— iBt, .'>8, 1927...
N. Y. Ont. A W.— 1st. 6b. 1914..
N.V.811B.AW. — lRtref.,.'iB, 1937
Midland of N. J.— 1st, Os. 1910
Norlolk A Weet. Oon.. Ha, 1931
North. Paclrto— lBt.ooup..6B, '21
Gen'l, 2d, ooup.. 1933. ..
Gm'l 3d, roup. 68. 19.17.
N. Pac.rcr.Co.— l8t,68, 1933...
Ohio A Miss.—Cousol., '78, 1808.
114
12tl>sb.
128% Jsn.
50
99
132
Miy
10-
1906
Class B, 58
1906
Class C, 48
1906
68, 10-20
1900
Arkanhas—6s, funded.. 1899-1900
78, Little Rock A Fort Smith, Iss.
7s,
7b,
Memphis A
to
5
Little Rook, iss..
Bid.
8
8
Arkansas Ceutial RR...
5
10
Seorgia— 7s, gold
i890 10319
Louisiana- 78, 00ns.... ...... .1914 108
Stamped, 48
91
92
„
Wlohles,
7.
1890 105
—
SECURITIES
Ask.
104 14 105
109
101
101
12
7
Jniin
81<<Jan.
lOhisb. I03
13.^^ll.
llOOg
132% Jan
Il»i9
94»8b.
»3^8epC
Joaa
Jon*
Jan
102^Jan.
1121900*
109
Jan.
90
Mar.
119 Sept.
95 14 Aha.
107''8
I08i9 8«|i»
112%b. 109 Apr.
a.li2isJao. !<2')i9 Aac
11-14
llSisJan. 11919 Jana
100%a. 102 Jan. I13%8epk,
98 '9
8')
June 101 Sept.
121
1 53|8b.
I17>sl>.
.
1
—
1
.
,
.
.
1
1
1
I
So.
CarollUK— l8t.6s, 1620
Inc., 6s.
So.
97
69
lOoSab. 10019b.
78'«b.
2d, 69, 1931
1931
PacCal.— l8t,68, 1905-12.. 112 b. 112
M.— Isi, 6s, 1911. .. 94""' 107
A Pac.— iBl, gold. 5s .2000
2d, gold, inc.. 5b, 2ou0
Tol. A.A.AN.M.— 181.68,1924.
b.
b.
411a
100
Tol.A.A. A Or.Tr.- l8t, 68. 1921 lOri a.
Tol. A Ohio Cent.— lat. 58, 1935 101
Toi.8t.L.A Kan. C.-lBt,(in, 1916 94 b.
Union Pacilic-lat, 6s, ls99
117 b.
Laud grant; 78,1887-9
llOOHb.
Sinking fund, 88,1893
II919
40%
102 b.
101
lOd
101 b. 93
91
95
116^b. 114
lixiaigi). 100 19
Jan.
Jan.
Juue
Jan.
Apr.
Il9'4b.,113i9 Apr.
Kan. Pacitlc— l8t,68, 1895.... no's"*. 11 Sib. 10919 Fell.
Ist, 68, 1896
11 119b. 109% Feb.
112Si
Denver Div.—68, 1899
113 b. 115 lb. 112% May
11014
iBt consol, 68, 1919
112% 101% Jau.
Oregou Sh. Line -Ist, 6e, '22.. 110
110 b. 100 Feb.
Virginia .Mid.— Gen. m.,.i8, 1936 (<0>s». 84%
73 Jan.
Wab. at.L. A Pac. Gen.,(>8, '20 4319a. 40 b. 37 Apr.
93 Jan.
Chicago DlTlson— 5b, 1910 .
Wabash— Mortgage, 78, 1909
84 Feb.
Apr.
Tol. A Wab.— 1st, ext.. 78, '90 113l«b. llOHb, 107
10714
Apr
1st, St. L. Div.. 7s, 1889
113 b 111
2d, extended. 78. 1893
92 b. 85 Apr.
Con., oonv., 78, 1907..
83 Jau.
I05i« Apr.
Great West.— let, 78, 1888
llSHb. Ill
2d. 78. 1893....
92 b. 85 Mar.
10"% 103 °g
West Shore—Guar., 48
99's Jau.
Wheel. A Lake E.— let, 5b, 1926 li 2>9
12 b. 9419 Jan.
1
aad cue
raag-^ ai-u
from aocaal SAlaa.
SKCURITIB8.
Bid.
Rhode I8land-6B, cou. .1893-1894
38
RR
1810
1919 119
South Carolina—6s, non-fund. 1888
1893
Brown oonsoUdated 6e
1892-1808
Teuneesee-6s, old
1913
Oompromlse, S-i-fr^a
1913
New aettlement—8a
lOlS
58
1013
38
Vtrirlula—6s,old
6s, coavallaated
Special tax. Class 1
87
AOK
May
19
Oot
116
Mar.
10S>9
10819 Mar.
95 19 .4a«.
92 May
38 14 June 4.6 Aa«.
85 Jan. 104 May
9348
Tex.
Jan.
Jan.
13 Apr.
11 S Ai.r.
105>4 J
18
So.Pao., N.
—
6s
l3:i%0«Bfc
llfl>9
1.43
I.,.
due 1889or 1890 lii2
Asylum or University, due 1892 104
1894-1895 107
Funding
1892 110
Nev York—6b, loan
18931 110
6s, loan
JAJ 06
North Carolina 6s,old
1900 10
Funding act .
New bonds, J. A J. ...1892-1888 20
C'batliaiii
Cot.
Jnlv
112
em
94^b
July
-
Jima
136% Jn
10 lis Apr.
133%b. 12719 .Mar
8614 Jan.
Ill's
114
Mar.
130 b 1'27 Jan.
limb.
Au;
Jaa.
Aiur
99% Jau. 106 Sept.
lllisJan. 119 Jno*
119 b. 116 Apr. 1 9i4O0t
OhloSoutliorn- l8t, 68, 1921.
10514b. 105 •<
9919 Jan. loo's Mar
45
2d,luc.,68, 1921
16%
29 Mar. 60 Get
Oiualia A St.
74>4b, 7379
-lat, 48, 1937.
70 Mar. 7« Jan.
Oregou Iiupr. Oo.— l8t, 6r, 1910 106
10519
9414 Jan. lo«ieOot
Ore. K. A Nav. Co.— Ist, 6b, 909 no b. 110%b 108% Frb
113
May
103T8b. lOt b. 9'>i4 Jan
Consul., 5s, 1925
I04i« Nor.
Oreifou A Transoon.- 68, 19!J2. 10114
103
93 Jan. 103 Cot.
Peo.Deo.A Evans.— Ist, 68, '20.
114
I116
Jan. lU
Dot.
Evansv.Div Ist, 68, 1920... lOK b. lu5i9b. 102 Mar. 10 laOot.
2d uiori.,58. 1927
73'«a 77 a 69 Hay
Phil. A Read.— Gen. 48, 19.58... 8819
88%
88 Oct
89(4 July"O^
let pr>'f. Income ^8. 19.58
90
85 M Auk. 90 "4 Oct,
69 Is Aug
2d prnl. till oiue Ss, 1958
75%
76%
7719 Oct.
3d pref. inoouie 5e. 19)8
62>9
6»
50 1 Aug. 67>9 8.ipt.
Rich A All.— let, 78, 1920. tr. roc
.58%b. 51 Apr. ••2 >9 Get
Riobin.A Dan.—Cons., 68, 1915 115i«b. 115«4b. 109 Jau. 116 June
Consol. ifold 5i, 1936
8714
87 «
81 Apr. 9014 Sept.
Rich. A W.Pt.Tor.-T. ust 68..'37 9914
9914
99 "9 Oct.
85 Apr.
Koch. A Pitts. -l8t, 68, 1921
16 M^r. 1 8
Feb.
Cousol., 6s, 1922
114 b. 11419b. 113 Jau. ll7i4.M»r
Rome W. A Ogd.— Ist, 78, 1891. 110 b. 110 b. 107 Jan. 11'% May
Cousol., extend., 58, 1922
105 b, 10413 loo's Apr. 108 >4 Jane
10419a. 107 Hb. 9s
Jai:
10719 Oct
8t Jo. AGd.Isl.- iBt, 68, 1925
2d, Income, 58, 1925
41 b. 49 II. 40 May
52 Aiu.
St.L. Alt.A r.H.— 1st, 78, 1894. 112 b 114 a. 112 Jolv 114% May
110 a. 108 b. 108
2d, M., pref., 78, 1894
II014 Jan.
10li9b 105 I'. 103 Jan. 108 Oct.
2d., M., Inc., 78, 1894
Dividend bds, 68, 1894
40 b. 35 Apr.
4^48 Aag.
St. L. Ark. A Tex.— iBt, 6s, 1036 88
97
88 Nov. 104 14 Feb.
2d, 68, 1936
31%
36
31% Nut. 4 lis Jan.
08>4
St. L. A Ir. Mt.— l8t,7s, 1892... 108 b.
1061s Mur. lll>s Jan.
10 1 b. Iii5 June 1 12 Jan.
2d iuort.,78, 1897
Cairo A Fillton-lst, 78, 1891 lomb. 1044811. 102% July 1051s Jan.
86 b. 85 >s
Geu. Ky A land gr., Se, 1931
80 Apr.
921s Jan.
8t. L. A8an Pr.-68.,C1. A,1906 Uli^b. 117»8
IISH J»u. ill9 July
11419b. in-s
11539 Jan. 119 Is Jans
68, Class B, 1906
114isb 117 b. 114 Jan. 119% July
68, Class C, 1906
Ill b. 114 h.lll2isJaa. 1 18 Jane
Gen'lmort.,68, 1931
lirjisb. 10119b. 100^ Jau
10318 Jane
Geu'l luort., 58, 1931
Oct
Jau. 119
St. Paul M. A M.— iBt, 7a, 1900 114isb. 113 b. 112
117 b,
116 Apr. ,l'2u% SepL
2d, 68, 1909
119 b, 117igb. 1 14 tltr. UO June
l8loon8.,6B, 1933
reduced to 4198.. 97''8b. «7 b. 9614 Apr.
98 Is Jane
Do
Montana Ext. Ist. 48, 1937... 87 b. 87%
80 Mar. 87% Oct
ShuuaudoaU Val.— let, 7b, 1909. 90 b. 00 b. uO Jan. 95 Apr.
32isa. 33 b. 29
3614 Jan.
Gen'l uiort., 68, 1921
Apr.
Missouri—6b
ConsoUdated 48
116
2d,ooii80l..78. 1911
indicates prleo tnd.toA "a," prloe atked; all ocner prtoea
SECURITIES.
64>4
108-s Jan.
38
rr^
l<Hi>9j2^
Ont.
h.
b.
40
97 "4
i'lOSJ"'
113 b.
1:8 a,
li6>«
109
98 %b.
106 b.
10419
Juno 110 Jaa.
June 73ttJaa.
6|i«b.
90 19
Jatt. I.
Wot. 121% Apr.
1 1 1
Mar.
Jau.
Jan.
80%
Mobile A Ohio— Now, Hs. 1027 .. 113 b.
General luort. 48, 1038
49 b.
Mutual Uu. Tele.— H. t., 6s, 1911 04i«h.
Nash. Wi.ASt. L. — Ist, 7«, 1913 12 Hsb.
N.y. CiMitrnl- Exiend., »b. 1893 103 b,
N.Y.C.AII.-lst, op.. 7b, 1903 13519,.
lebenlure, 5b, li!04
|110 . b.
N.Y..VIIar.-lBt, 7s. 1900
130%b.
wl>9
N.Y.Ohlo.Aat.!.— lBt.48. 1937.
N.Y. Klevated— iBt. 7s, 1906
ltu%,.
N. Y. L*<!k. A W.— iBt, Bb, 1921. 130>sb.
Ooiistruc'tlon, .5d, 1923
11119b.
IMtf
Oigltml.
STATB B9ND8.
Alabama Class A 3
I,
Mmmfimt*
I.
10 Apr.
27>tJiui.
80 Jan.
S4 May
104 \ Aug, 108<i June
81>«
91>4b.
10<)>4l>.
Oentralof N. J.— l»l, 7b, 1890.. Icftieb. 100
121 u. lil
OonHOl,7e, 1MU9
OoiiTnrt. 7«,
Lenttn.
22
AU.
N. T.
525
bonds
93
6s,
tonaoUdated, 3d serlee
122
•is,
deferi-ed, tnis' rrf
107 « May
102 Oet.
95 Oct
June
104^ Mar.
11719
I2119
I12>9
1 12 >9
ll6<9
.May
Jan.
Nor.
0ot.
llSkOot
llOi«Nor.
bA Oot
47
98%
90
Jaa.
Feb.
Jan.
Il£i9 0at.
Ill
i<5
July
Oot
90
Jan.
113i9
0at
Oct
9(
1049* June;
I02«g Oot
THE CHRONICLE.
526
IVOL. XLVIl.
BONDS-STOCK EXCHANGE QUOTATIONS ON FRIDAY OP THE LESS ACTIVE RAILROAD BONDS.
BECUEITIES.
BECUEITIES.
Ask.
Bid.
Oet.
Bay
Duluth &
Railroad Bonds.
At«h. Tod.
& San.
1920
. . .
92
90>s
102
120
107
192.'i
1988
1936
Best. H. Tun. &. W.—Deb. 5s... 1913
Brooklj-nElev.-lBt, G., 68... 1924
1915
2d, 3-58
Bmnswick & West.— Ist, g.,48.1938
105>a
107%
90
97
91
L.-l8t
78,
85
gn .1927
Ist 5b
Cent. EE. & Bank.— C!ol. g.,5F.1937
Cent, of N. J.— Conv. dob. 68.1908
Central Paciflc— Gold bds., 6sl895
Gold bonds, 68
1896
Gold bonds, 68
1897
Cal. & Oregon— Ser.B., Cs 1892
West. Pacillc— Bonds. 68.... 1899
Ho. Eajlway (Cal.)— 1st, 68.1907
OheB. & O.— 68, gold, Ber. A. . 1908
Ist mortg., 68
2d, extended, 58
3d. extended, 4iss
4th, extended. 5b
5th, extended, 48
Ist, cons., fd. coup., 78
Eeorg.. Ist lien, 6s
B. N. Y. A E.— 1st, 78
N. y. L. E. A W.— Col. tr.,
Funded coup., 58
Buff.
A
60
60
50
99
'
1920
1897
1919
1923
1920
1928
1920
1908
1916
6b1922
1969
10114 Eureka Springs E'y. 1st, 68, g.l933
Evan. & T. H.— 1st, cone., 68.1921
1923
Mt. Vernon— let, 68
84
Evans. A Indian.— let, cons... 1926
Fl't A P. Marq.- Mortg., 68... 1920
Grand Rap. & Ind.— Gen. 58. .1924
Green B. W. A St. P.-lst, 68.1911
100
106
115
115
115
102
..1921
W.—Mortg. 68.. -.1908
1889
KB.— 1st, 7s
S.
Jcftereon
lowaC. &We8t.-l8t 78.. ..1909
Ced. Hap. L F. A N., let 6s. 1920
1921
Central Iowa— Ist, 7a. Tr. Reel 899
East'n-Dlv., l8t,6s,Tr. Rec.1912
rUlnois DiT.. lBt6B,Tr. Eeo.1912
Cons, gold Me., 6b, Tr. Eeo.1924
EU^ C.
Erie— 1st, extended, 7b
8518
Bufl.Eoch.&Pltts.— Gen., 58.. .1937
Bnrl. Ce. Eap. &. No.— iBt, 58.1906
1934
Oonsol. & col. tr, 58
& St.
& Birai.— Ist,
& N.—S.f., deb., 68.
Mobile
Beecn Creek-l8tgold,48
Minn.
1930
1937
g„ 58 1937
E.& W.of Ala.— 1 st,con8.68, g.,1926
106
1911
68
1937
Collateral Trust, 58
Chic. 8. Fe&Cal.-lst g.. 58. 1937
Bait. & Oiilo-l8t68, ParkB ..1919
BlnMng ftmrt,
8e,R0ia
CoDB. moit.. gold, 58
Tenn.
Divisional 58
latext., gold, 58
Fricet.)
Fe-AijB
&
1937
& Atl.-5s
Va. & Ga.— Ist, 78. ..1900
Dul. So. Sh.
E.
Exchange
iSicck
Bid.
Alp.-lst, 6. ...1913
C.
Iron Range— Ist, 5s. 1937
1911
Han. A St. Joe.- Cons., 68
Housatouic— Cons, gold 58. .1937
tree
Istm
1.
Tex.
Cent.
HouBton &
West Dlv. 78, tr. rec...
2dni. SsM. 1.
H0U8. E. A W. Tex— 1st. 78... 1898
minois Central— ist, g., 4s. ..1951
1951
iBt, gold, 3>ss
1952
Gold 4s
1898
Coupons off.
1908 114 115
Springt, Dlv.— Coup., 68
1921
Ches. O. <feSo. West.— 2d 6s.. .1911
Middle Div.-Eeg., 5s
CMoago & Alton— l8t, 78
1893 ii2'8
C. St. L. & N. O.—Ten. 1., 78. 1897
1231)
122
1897
Blnking fund, 6s
Ist, eonsol., 78
1903
125
1907
Louis. <fe Mo. Elvei^l8t78..190O 122
2d, 68
1951
2d 7s
1900 lie's
Gold, 5b, couiTOn
1141s
Bt. L. Jacks.A Chic.— Ist, 78. 1894
2d Dlv., 7s... 1894
Dub. AS.
Ist, guar. (564), 78
1894| II3I2 11412
Ced. Falls A Minn.— Ist, 78.1907
2d mortg. (360), 7b
1898 135
Ind. Bloom. A Western2d, guar. (188), 78
1898 115
Ohio Ind. A W.— let, pf., 5e.l938
108
Miss. E. Bridge— Ist, s.f. 68.1912
1938
1st, 5a
Chic. Burl. & Mo.-Deb. 68.... 1896
1938
2d, 5s
,
Cole. Burling. & Q.— Sb, B. f...l901
Ind. D. A Bpr.— let, 7s, ex. cp. 1906
1947
Iowa Div.-Slnk. fund, 58. .1919
Ind. Dec A West.— M. 58
einklng fund, 48
1948
1919 961*
2d M. inc 58
91
Plain, 48
1921
Kan. C. Wyan. A N.W.— lst,5s.l938
Ohlc. & E. 111.— 1st, 8. f., cur.. 1907 I1914 1201s Lake Shore A Mich. So.—
115ifl
tr.
rec
112%
.
Mil.
& St. Pau;—
88,P.I>
iBt,
1898
Sd, 7 3-IOb, p. D
1898
Ist, 78, $ g., E. D
1902
Ist, La Crosse Division, 78. .1893
1st, L&D.,78
Ist,
78
iBt, 7b, L
D. Ext
Ist, B. W. Div., 68
Ist, La C.
Dav., 5s
iBt, H.
D., 78
iBt, H.
D., 58
1899
1903
1908
1909
1919
CAM.,
&
&
&
&
IMO
litO
Chicago <fe Pacific Dlv., 68.. 1910
Chic. & Mo. EiT. DlT. 58
1926
Mineral Point Dlv., 58
1910
C. <feL. Bup. Dlv.,5e
1921
.
,
.
.
Fargo & South., 68, Assu ...1924
Inc. conv. sink, fund 58
1916
Dakota & (it. South., 58
1916
Chicago & Northwestern—
Escanaba &L. S.— Ist, 68... 1901
DesM. <fe Minn.— Ist, 78
1907
Iowa Midland— let, 88
1900
Penlneula— 1st, conv.,7B .... 1898
Chlo.
& MUwaukee— l8t, 78.1898
& St. P.-2d, 7s...
1907
Mil. &Mad.— Ist, 68
1B05
Ott. C. F. & St. P.-lst, 58. .1909
Northern 111.— 1st, 5
1910
Win.
Bock Isl. & Pac—
Des Moines & Ft. D.— l8t,48.1905
l8t,2>sB
1905
ChJc.
Extension, 48
Keok.
Chlo.
Chic.
A
1905
& Des M.— Ist, 58 .... 1923
St.
St. P.
Louis— iBt, 68
& Kan. 0.-5s.
1915
1936
..
Minn. & K.W.— Ist g. £b....1934
Chic. St. Paul M. & O.—
Chic. S. P. & Minn.— 1st, 0s.l918
Ko. Wisconsin— 1st, 6e
1930
8t. Paul & S.
let, 68 ....1919
Chic. &W. Ind.— 1st, s.f., 68.. 1919
C—
General mortgage, t's
1932
Cleveland A Canton— 1st, 58..1917
CI. Col. Cln. & Ind.— 1st, 7e, s.f.'99
Coneol. sink, fd., 7s
1914
an. L8t.L.& Chic— l8t,g.,48 .1936
Conaoi. 6s
1920
Cln. Jack. <Si Mac— l8t,g. ..')8
1 9a6
Cceur d'Alene. let, 6b, gold. ..1916
Col. & Green.- 1st, 6s
1916
2d, 6s
1926
Col. & Cin. Midland— 1st, 6s.. 1914
Del. Lack. & West.- Conv. 7e.l892
Mortgage, 76
1907
8vra. Buig. & N.Y.-lst, 78.1906
Morris 4 EBsex— lst,7s
1914
2d, 7s
1891
Bonds, 7b
1900
78 of 1871
1901
. .
lBt,coij.,gn»r.,7B...
D'<I.
& Hud. Caral—1st,
fa.
7b,.......,.,....
iJiv.,
eoui
1915
78.. .1891
li<t.eit., 7b
Oonpon,
.
1891
1894
Vs.1917
Albany & Sue^.— l8t,gn,,7e.l9oe
I'll, cons., guar., 6a
1906
Bens. & Bar.— Ist, conn., 78. 1921
Dmv. * K
^0
.,
O— Tnin.
111 JO
(T.
.T"
1<'.28
inuay; these are
Bid.
Northern Paciflc— (Continued)—
97
Helena A No.— 1st, g'd, 58.1937
La M. A Mo. Rlv.— 1st, 58. 1937
921s
123 124
Norf. A W.—New Rlv.— lst,68.1932
110
Imp. A Ext.. 68
1934
95
Adjustment M., 78
1924
93-8 94=8
Equipment. 5a
1903
Clinch Val. D., IsteqiUp. 58.1957
Ogd. A Lake Ch.— l8t,con. 6e.l920
Ohio A Mies.— Cons., s. f., 7a.. 1898
117
Sp'gneld Dlv.— Ist, 78
1965
118
General 5b
1932
110
Ohio River EE.-lst, 58
1936
114 116
General mort., gold, 58
1937
102
Oregon A Cal.— 1st, 58
1927
132 134
Pauamar-Sink. fd., sub., 6s. -.1910
104 108
Pennsylvania ER.—
136
Pa. Co.'s guar. 4is8, Ist op. .1921
Pitts. C.ASt.L.— l8t.op..78.1900
92
Pitts. Ft. W.
1st, 78... 1912
87
2d, 7s
1912
101 14
3d, 7s
1912
Clev. A P.— Cons., 8. fd., 78.1900
4th, sink, fd., 6a
1892
1161s
108
St. L. V. A T.H.— Ist, g.,7s.l897|
106
2d, 7s
1898
.......1898
120 120
2d. guar., 7a
98
Peoria A Pek U'n— lat, 6a....l92l!
90
1921
2d M., 4138
118
119% Pine Creek Eallway^es of 1932!
105
Pitta. Cleve. A Tol.— Ist. 68... 1922
1922
116% Pitta. Jimction— lat, 6s
11638 Pitts. McK. A Y.— lat, 6s
1932
112 1121a Pitts. A Wcsteiu— 1st, g., 48. .1917
1927
Pitts. Y. A Aeh.— Ist 58
104
Eieh. ADanv.— Debenture 68.1927
Debenture, ex coupon
92>s 931*
100
Atl. A Char.— 1st, pr., 7s. ...1897
114% II6I2
1900
Incomea
113
St. Jos. A Grand Island116 i'ati'is
Kan. C. A Omaha— 1st, 58, 1927
116 1221s St. L. Alton A Ter. Haute—
AC—
1191a
ll.Ms
C—
CWc.
BEOUEITIES.
Ask.
Ask.
1061a 107
Bellev.
Bellev.
nils
St.
A 80. 111.— Ist, 88.
A Car.- 1st, 6s
..1896
1923
109
ibo'
100
1171s
10t)l4
100
101
80
10614 10914*
118>a
143
142"'
135
125
.10058
1141a
llOifi-
109
lOS
68%
Yi'ifl
110=8
110
115
73
741a
95
88
9Ii»
115% 117
IIO
LouisAChic— 1st, eon. 68.1927
St L.AI.M.— Ark. Br., let,
T.— Ist, 78
Cairo Ark.
78.1895 lOi
65
1897 107 108
A
105
Bt. Louis A San Francisco—
84
1919
85
Ist, 68, Pierce C. A
Equipment, 78
1895
65
1987
Ist, trust, gold, 5a
991s
90
Kan. City A 8.— 1st, 6s, g.l91»
102 la-.
50
Ft. 8. A V. B. Bg.— lat, 68.1910
92% 93%
St. L. K.ASo.Wn.- Ist, 68.1916
Kansas Mld'd.— let, g. 48.1937
1892 IIOI4
Cleve. P. A A.— 78
St. Paul A Duluth— lat, 5s. ...1931 110
123 13
St.e.Mlnn.AM.- Dak.E]it.,6s.l910 117 120
Buff. A Er.— New bonds, 78.1898 120
1922 llOis
118% 120
Min's Un.— let, 6a
Kal. A W. Pigeon— Ist, 7b... 1890 103 >s 1051a
1906 126
112
1241s 1261s
Mont. Cen.— 1st, guar,, 68. .1937
Det. M. A T.— let, 7s
112 1131s
91%.
Lake Shore— Dlv. bonds, 7e.l899 1211s i22ia San Ant.A Arans.— lst,6s,'8o-1916
118
1926 90
1900 1261s
1st, 68, 1886
90 la.
Consol., reg., Ist, 78
1910
123 125
1903
Consol. reg. 2d, 78
126>t Scioto Val.— 1st, cons., 7a
65
Coupons oft
Mahon'g. Coal EK.— lat, 58.1934 106 14
1211s
"9412 Sodus Bay A 80.— Ist, 5s, g...l924
112 11214 Long Isliind- General, 4s... 1938
94
UOI3 1031s N. Y. & R'wayB.—lst,g. ,5s. 1927 103
South. Pac.Ariz.- ist i:s..l90910 10713 1081a
120
1927 281a
1909
50
70
Tex. Central— l8t, s. f., 78
2d mortg., mc
1911
99%
50
75
70
8)
N. Y. A M. Beach— 1st, 7a. .1897
1st mortg. 78
1905
1191s
N. Y. B. A M. B.-l8t, g., 58. 1935
1051s Tex. AN. O.— iBt, 78
1912 102
99
Sabine Diviaiou, Isl, 6a
Loulav. A NaBh.- Cec.Br.— 7b. 1907 107
101
1920 102
Pensacola Dlv.— 68
rex. A Pac.,E.Dlv.— l8l, 68 ..1905 10713
1917 lOOis
1921 114
Tol. A. A ACad.— Oa
8t. LoiUa Div.— iBt, 68
12018
1919
1980 58
Tol. A. A. A Mt. PI.— tia
2d, 3s
77
1900
1917
Decatur—
1st,
7s..
120
W.—
Isl
4a
80
Tol.
Peoria
Nashv. A
A
1896 113% 114
1910
Union Pac— 1st, 68
B. A N. Ala.— S. f., 68
114
1921
1897
1st,
gold..
1st, 68
PenB. A At.—
68,
961s
1931
1898: 1151a
110
Collateral trust, Ss
l8t, 68
1908
I2214
66
Lou. N. O. ATex.— lst,4s.... 1934
Col. Trust, 6s
I3II2
99
1934 40
1907
2diuort., 58
Col. Trust, 5b
131
G.
P.—
1895 1031s
F. o.,78
Manitoba 8. W. Col.— 58.. .1931
C. Br. U.
1271s
1909
120%
Atch. Col. A Pac— let, 68.1905 102
1031a:
Michigan Cent.— 6b
1931
132
Atch. J. Co. A W.— lat, 68.1905
Coupon, 58
1909 105 110
1891 •10314
110
Jack. Lan. A Sag.—68
Ut. 80.—Gen., 78
1909 103
IC18
Milw.L.S.AW.-Conv.deb.,5e.l907
Exten., let, 7b
91
97 14 97%.
1926
1924 iliii
106
Michigan Div.— iBt, 6b
Utah A North'n.— G., 5s
*112
1921
105
1925
Ashland Dlv.— let, 68
Valley K'y Co. of O.— Con. 6a.
86
Virginia Midland.— Inc., 6a. ..1927
83
Mlnn.ASt.L.— I'a Ex.— lst,7s. 1909 .85
94
1891 * 60
Wabash St. L. A Pac—
47
70
2d mortg., 7s
89
Chicago Div, 58, Truat reo
83
Southwest Ext.— lat, 78 ....1910 • SII4 871a
1921 111
105 ifi
1921
Detroit Div. 6s, tr. rec
103
Pacillo Ext.— let, 68
95
8dia
Wabaeh, M., 78, Trust reo
1922
Impr. A equipment 68
56
92»4
Toledo A Wab.— lat ext., Tr. rec.
Minn. A Pac— Ist mortg. 5a. 1936
100
90
94
St. Louis Div., 7s, Trust reo...
Minn. S.Ste.M.AAtl.— l6t,59..1926 * 88''8
88% 90
2d M. ext., 7e, Trust reo
Mo. K. A T.— ConB.,2d, lao....l911
188a
25
123
107 13
Equip, bonds
H. A Cent. Mo.— Ist, 7s
1890
85
Consol. conv., 78, Trust rec...
Missouri Pac— Trust, g.. 5b,. .1917
12358 125
90
OS'S.
Gt. West.- 1st. 78, 'Trust reo
Pac of Mo.— let ext. 4e...l938 97 la
110
881a
Mobile A Ohio— Col. tr., 6e
2d, 76, Truec rec
.1892 102
1890
113
Qiun. ATol.— l8t, 7b
Ist Extension 6e
1927 1031a
941*
190a
Han. A Naples— let, 7s
let pref. debenture
52
121
111. A So. Iowa^l8t,ex. 68.1912
St. L. A Caiio- 4b, ^iiar
1931
110i»
125
Morgan's La. A T.-lat, 68.... 1920
Bt.L.K.C. AN.-E.E.A EE.7s.'95 110=i
95
1919
Clariuda Br.-6s
94
Ist 78
1918 117
Bt.Cliarles Br'ge— lBt,6a.l90B 103
'98' Nash! Chat." A St.'L.— 2d, es" 1901 108 "a
''95'
1895 115
Consul, gold, 5e
No. Missouri— 1st, 78
1928 971s
New Or. A Gulf -let. 6e
93 'e 94
West.N. Y. A Pa.-l8t, 58 ....1937
192U
101
1927
38%
N. O. A No. E.— Pr. 1., g., 6s ..1915
2dm. gold 3-58
80
N.J. June— Guar, let, 48
1986
104% Warreu A Frank— let 7b. ..1896
93
90
N. Y. A New Eng.— 1st, 7s.... 1905
West. Va. C. A Pitia.— let, 63.. 1911
lllH 112»8' 1st, 6s
1905
139
N. Y. N. H. A H.— 1st, reg. 48.1903 110% nils
ITIUoellaneous Bonds.
134
N. Y. A Northcru.— 2d, 48
55
1927
t7
141
N. Y. P. A O.— Prior lien, 6s .. 1895
Am. Water Works Co., let. 69. 1907 1C5
108 108 14 N.Y. Susq.A West.— Deb. 6a... 1897
Cahaba Coal Min.— 1st g. 78..190; 112
125
2d, 4ia8
100
Col. A Hock. Ooal A 1.— Os, g..l9l7
1937
73
1937
5a
l?5h 127 N.Y.Tex. AMex.— 1st, 4s
Georgia Co.. N.
1912
143
1901
Northei-n Pac. -Dividend scrip
ioo"
Iron Steamboat Co.— 68
108%
James Kiver Val.— let, 6b. .1930 104
Mauhat. BeaoU Imp. Co.— 7a. i«09
'107
Ist,
110
Spokane A Pal.— let, Os
Cable
Ky.,
6a.l913
St.
1936 101
L011» Market
1904
Bt. Paul A N. P.— Gen., 68.. 1923
1141s 115
N. W. Telegraph— 7a
,
,
'
,
—
.
. .
'.
'
'
C—
HckiiaAKedM'n— let,g.,68.l937
1381s
132
122
142
134
123
fdhi
Dul.
Do
A Manitoba— iBt, g.
6e.l936
Di»kotaI)iv.—lst, 68.1937
Bel.B.Val. A Butte— Ist. Os.1937
DrtininiomlAP'lig.— IsL.'ie la3
laUMi; qbotaUoius ouKle this
week.
Tenn. Coal Irou A Kail way—
1917
87
Tenn. Div., 1st, Us
!)0l»
1917
90
Bir. Div.— Ist eon. 08
1021s
West. Union Tel.—Coup. 78.. .1900 114 116
9bi6 90%
19ijB
Col. Trutt, 5e
103
NOVBMBER
THE CHRONICLE.
3, 1888.J
New York
27, 1883,
ia
City Bank Statement for the weekendinic Oct.
as follows.
W» omit two ciphers (00) <n all nones.
BA.VKH.
CapltoL SurpItM.
Loaiu.
Spwb.
11,600.01
10,448,0'
8,148,11
0,163,01
3,830,0
2,206,0
41.3,0
2,196,11
552,3
1,621.0
388,0!
7.709,0
569.2
127,0
478,0
188,8
376,4
671,4
289,0
101,7
318,0
114,6
188,0
64,0
224,9
821,0
1,872,4
218,0
741,5
523,3
12.5l!H,H
LifiiU.
DtpotlU.
(OOs onittrd.)
B*ak
t
of :few York..
Mauhaitan Co
MemhauU'
.......
Meohaulos'
AmerU'a
..,
PheuU
,
City
Tra«lo«meD*8
,
Chemlca!:
Batohors'A Drovera'.
Uechanlcn' Ji Tradera
Greenwich
1,U3,4
76H,0
l,Hlil),4
ri2M,2
2,253.5
22S,9
6,636,8
600.0
300,0
200,0
200,0
600,0
300,0
283,0
153,4
87,8
604,2
1,2IK),0
5,(M)0,0i
487,3
,
Ijeather Miuiufaot'rs
York...
Amorioan Kxcbsnge..
Commerce
Broad war
MeroaatUe
133,1
1,251,6
1,000,0
Berenih National
New
76,7
1,666,8
6,000,0; 8,138,6
1,000,0 1,630,8
1,000.0
633,6
22,7
PaolSu
RepnbUo
Chatham
700.0
811,2
820,4
617,1
237,5
457,3
1,000,0
1,012,9
i,5oo,o:
450,0:
200,01
JPeopIos'
North America.
Hanover...
Irring
CIClzena*
600,01
600,0
750,0
600,0
600,0
A Fultoo
et. Nicholas
Shoe
&
Leather
Corn Exchange
Continental
Oriental
Importers' <£ Traders'
Park
North River
Kast River
fonrth National
300,0
1,500,0
2,000,0
240,0
2,')fl,0
Bowery
New York County
German- American....
Chase National.
Fifth Avonne
German Bxchange...
Oermaola
United states
I.lncoln
GarfloM
Fifth National
Bank of the Metrop..
-'—
300,0
200,0
1(1,2
3.,'.1I3,0
I", '.'15.1
2, .-,77,6
2'_'.
'.170,0
3,s-);(,.i
i.ll 1.9
l.'.ni.-,,!
2.461,0
1,149,8
2.833,2
1.378,1
3,301,0
11. 110.0
15,.MI2,0
352,71
309,8'
2,093,0
459,0
1,293,5
4,534,3
1,719,0
210,3
679,0
629,2
655,6
1,822,5
103,2
151,6
243,7
1,175!2
749,2
429,8
201.0
128,0
62,0
87,6
3,500,0
l.iii0,0
l".-<i:.,o
I
i».:i
644,1
288,61
246,3j
306,4
204,8
88,0
321,0'
353,0'
668,B
361,6
937,9
1,281,0
184,2
306,1
830,6
1,286,0
641,0
416,8
1,474,0
149,7
153,0
108,4
162,1
131,7
666,9
907, l!
2,-117,4
4,148,8
1-1, 74 2,4
3.184,0
2,978,4
2,764,4
4,073,0
1,851.6
3,365,0
6,261,2
6,336,8
2,040,1
24,470,5
23.260,1
2,301,6
1.466,6
19,810,7
10,449,0
4,387,0
5,652,4
22,226,5
6,513,8
1.377,6
2,617,1
2,850,5
2,712.9
8,577,8
3,902,4
479,21
2,980,3
334,2
2,790,1
28,6
4,529,4
227,5
3,608,2
208,6
2,770.6
212,9
1.779,4
323,5
4,551,6
267,0!
2,270,0
239,0
3,084,0
126,0
2,096,4
1,446,7
9,4^1,4
60,762,7 51,586,0 393,706,4 92,460.7 27,871, i;418!533,6
Loans.
SpecU.
BKCURITIKH.
Erie
Hiiiibnry A I«wlston....
United Co's of N.J
West Jersey
Jeiwy A
"West
20
Boaton Banks.*
.".... 149,445,3
13
^,.„,,„,„ 10.789,6; 3 ,447, 51124,188.8|5,219.9 106,217.9
•'
20
149,520,3 10,757,21 3!,564, 1 127,346,9 5,110,4 110.3117,7
" 27
1 149,869,1'11,233,0' 3 ,873, 4 125,036,2 6,062,7 102,015,7
tPhlladei. Bank's."
Oct. 13
97,618,01
25,5221,0
97.450.0 2,704.9 64,880,2
" 2lJ
96,516,0;
24,529 ,2
93,642,0 2,695,« 71,131.6
" 27
!>6,794,0
24,995 ,7
95,326.012,701,9 69.077.9
!
I
TVe omit tivo ciphers in all these figures,
the item " due to other banks."
'Olelphla,
_
SKCUBITIES.
BECnRITIES.
Ask.
Bid.
Atch.
BOSTOW.
KAILROAD STOCKS.t
Atchison A TuT'Oka -— ...
B3.it07i
Albany
Boaton A IjoweU,
sioslon & Maine
<t
Bid. 'Ask.
T'p'a.— (Cont'd)—
65 >8
Mortgage, 68
65 >«
104
Trust, 88
Burl. & Mo. B. In Nel>.—
109
I
31
1st prat. Inc. 68, \9Sh.,
3d
3d
"de
60
Atlantic.
90*1
wrw
Dstsrrsd IncomsiL m...
I
prnl. Ine. Bs, 196a.
pref. In<-. 6«, 1968...
.
Phil. W.
HtAiiben.
A lialt.-Tr.a..4>
A Ind.lstm. 6s
A
A
BALTIMORK.
RAILROAD STOCKS.!
Baltimore A Ohio
Camden A Atl.— 1st M,7s
Catawlssa— M.
A
Clearfield
Col.
cm.
A
78, 1900.
Jeff.— let, Ss
Mid.— let,
i'-ii"
112>s
9a
118
117
132 '« 133
6s.
Connecting- 68
Delaware -Mort., 6s.
Dal.And.B.— 1st, 7s.l90g
EastonAAniboy.mort. 6s.
Elmlra A Wlll'm.-Ist, 6s
.
A
Harris. P. M't J.
Hunt'nA
li.
L.
T.— 1st, 7s..
2d mortg., 7s
Consol. M., Os
113'.j
104
106
H!2
130 '•J 140
134 •«
120 isio'-j
105 'a
{100 >a lii"
Income, 68
}103'«
Cent. Ohlo-68, 180O
Char. Col. A Aug.-1st, 78,
ii'iJJ
Cm, Wash. A Bait.— IsU.! 07 '4 98 >
09 h 71
34 "36**
40
Income, 6.^
Penn.-Qen.,68,conp.l910 131
Cons., 6s, coup.. .1905.. 123
Cons., 58, coup. ..1919. 115
4)38, Trust Loan
8eab'dAKo'n'ko-5H, 1926
West. Md., 3d guar., 68.. 117
Perklomen— let, 8s,op.'8'7
Wil.
t
Per share,
i
I
'
I
I
.
I
I
I
I
'
V
I
•
—
I
I
Summit Brauch
Wisconsin ce&cral
Preferred
BONDS.
...
39
Topeka— let,7s. 120
Coll Trnsr, 5s
i
RAILROAD STOC£.a.
Gap
Camden A Atlantic, pref.
East Pennsylvania
Elmlra A WilUamsport. i
1
17>,
Last pi ice
48
40
Bell's
.
Preferred
90
this week.
'
66
45
.68
6U>s
lt>i
Baltimore A Ohio—4s. ...I
CapsFearArad.-Ist.6sl IOC's i'M*
1'20'4
3d, 7s, reg.,1910
Cons. 88. C.A R., 1933.
North Peun.— 1st M., 7s.
N.Y. Phil. ANorf —1st, 6b
93
I3S
110
61
I<
Wastsm Maryland
Wilm'gton Col. A .tug-su' 1 10
RAILROAD BONUH.
Atlanta A Char.— 1st, 7s.! 133
104»4
Leh.V.— let,68,C.AR.,'98
M
Preferred
112Ki
122
102
—<s
118
118
104
48
1st pref
3d pref
Central Ohio
3d8, 8s.
8ds, 38
Ist Inc., 6b, 1931
i
IS-s
CoL A Ang.,6s,1910. 117>s
Last price this week.
New York
BANKS.
Local Secnrltles.
Bank Stock List.
BANKS. Bid.
BANKS.
Bid.
174
Exch... 139
Am
Oermaula
—
—
Chase
Chatham
230
3400 3800
340
City
140
Citizens'
Commerce... 173
Chemical
Continental
Corn Kxch...
East Biver..
11th Ward...
Fifth Ave....
.
First
200
Greenwich... 120
185
130
235
125
223 225
140
150
800
2000
14th Street.. 1.55
Fourth
139'al42
240
aallatin
I
210
Hanover
Hud. Klvor.. 140
Im.A Trad'8' 366
Irving
Leather Mfs'
Manhattan...
MarketA Fnl
Mechanics'..
M'chs' A Tre".
OrientaL
(206
ll67
Pacifto.
152
200
160 '3
178
172
155
Park
RepnbUo
Seaboard
1120
>•••«
Second
.320
Seventh
120
ShoeALeath.
Cousolitmted Gas
Scrip
.....a
139
— •-
Merchants'.. 142 >*
63
Merch'ts Ex.
120
35
St Nicholas.
Metroplitan. ll-s 12's State of N.Y.
IS
Metropolis... 235
Tradesmen's. 103 >•>••
153 156
United St'es. 210 ..••.a
Nassau
93 '4 94U
New York... 220
Western
108
66
103
81
107
63
100
Jorscv City & Hobokon.
Metropolitan— Bonds
Mutual (N.Y.)
Bonds, 6s
Nassau (Brooklyn)
14-^
••«*••
--T¥«
>.»••
Phenix
Qaa and CItr Kallroad gtaeks aad Bands.
Bid. Ask.
G.\S COMP.ANIKi
GAS COMANIES.
Brooklyn Gas Light
Citizens' Gas-Light
Bonds, 5s
m
160
180
190
125
148
People's
Mercantile... 152'a
Ask
Bid.
1
N.Y. County. 200
N.Y.NatEx. 120
Ninth
138
N. America..
North River. 1.36
Qerman Am. 114
Broadway... 270
Butcha'A Dr. 176
Central
300
Oarflold
America
74
125
106
Williamsburg
Bonds, 6s
80 "a
170
114
99 "4 100 "a
100 1102
110
99 101
Metropolitan (Brooklyn).
Municipal- Bonds. 7s
Fnlton Municipal
Bonds, 6s
Kqnitable
..•••
Bonds, 6s
—
Ask
Bid.
I
People's ( Brooklyn)
75
138
111
86
88
106
110
134 >a
135%
106
116
113
108
120
I
[Cit7
SR. Qaotattoiui by H. L. Qb^ht, Broker, 145 Broadway.)
A Ftil. F.— Stk. 25 26I-J D. D. E.B. A B.-Scrlp68.. 108
111 113
Eighth Av.—Stock.
;148
Ist mort, 7.S., 1900
'105
.170
Scrip, 68, 1914
Br'dway A 7tliAv.— St'k..
103'ii'l04is 42d A Gr'nd St F'ry-Stk. 208
Ist mort., 88, 1904
10313 104
110
Ist mort, 78, 1893
2d mort, 5», 1914
B'way Surface b'da...l024 95 100 42d St Manh. A StN. Ave. 34
95
110
90
Istmort, 6s, 1910
Bonds guar., 5s, 1905
132 135
60
2d mort, income, 68
Brooklyn City— Stock
103 107
HoostW.StA P.ry-SU. 16S
1st mort, 5s, 1902
110
1st mort, 78, 1894
Bklvn. Crosstown— Stock. 160 166
100
Ninth Ave
60
Istmort., 7b, 1888
Second Ave.— Stock
106 «
Bushw'k Av.(Bklyn)— St'k 140
103
1st mort, 58, 1910
Central Crosstown- St'k. 140
lie
Sixth Ave.—Stock.
155
Istmort, 6s, lSi22
Istmort, 7k, 1890.
105
Cent Pk.N.A E.Riv.— Stk. 86
116
214
Third Ave.— Stock.
Consols. 7.1, 1902
Bonds, 7s, 1890
101
Chrlst'ph'rAlOth St- Stk. 120
I
I
lOff"
ISS
107%
316
111%
I
111
I
I
I
I
139
Exempt, 6s
116 118
l86 190
Noa exempt as
109
Boston* Providence
247 248
Land grant, 7s
Ulhi
aostoii Rev. I!, cfe Lynn.. 5162 1^ 167
California Sonth.— 1st, 68.
112
California Southern
Income, 6a
28's 29 "i
70
Central of Massachusetts
16
15
Consol. of Vermont— 58..
..
85
Preferred
SOHi 31 Hj Ea9t.eni.Mass.--G4. new.. 1227, 123
'Gheshire. pref
£. C. tt. .Scott A Meil..68' llOtilllH,
Chio. Bnrl. & North'n
44
K. C. Fort Soolt A O.— 7« IIU
Chicago & We.^t. Mich...
34
Kans. City I.aw.A So.— 68'
Ill
Oleveland A Canton
93Vj
3
9"a' K.C. Memph. & Blrm— 6sl
8>a
PreteiTod
30
31
Kan. Cit. St. Jo.iC. B.— 78 120
Courord
K. City Sp'd A Mem.-6s Ill
Connecticut Jiyiia.'.'.'.'.'. {110 llOV K.C. Clint. A Sprlngf.— 68
99
Bascem
84 «( 84
Little K. A Ft. 8.— 7s
106
"..'.".".'""
Preferred
125
Loilsv.Ev.ASt. L.— 1st, 6s 104 '4 104'8
Fltohburg, pref
75
74
2dmort.,2-6s
63
Flint A Pere Marqtiette.
37
36
Mar. U. A Ont.— 1908, 68, 100
Preferred
100
1823,68
96
Kan. c. Ht. f-cott & Mem . {.. 70
65
63 <3
Mexican Central—4s
—
Ji-C,
^, .riomiui.
Memph. <K
20'.
48
4 isirm.
Blrm. .20=1
..{ 44
Income
Kuisville Evans. & SfcL.
9
N Y.*N. Eng.-lst, 7s.. 123
PrefBrred
113
llS'li
Istmort., 68
i 16
Maine Central
132
105 "s 106
2d mort., 6b
Manchoittir * Lawrence
100
Ogdens. A I,.C.—Cons., 6s
Mexican Central
14
1418 Rutland— 58
97^1 98
N.Y. .St N. Kng.. pref
115 118
93
Southern Kansas 5a
m>t
Northern
87 "i 89
il42
Texas Division— 5s
Norwii h <t WorcesterJ"! 178
01
90
Incomes
OKilensb. * Lake CUam..
89<-j
Wiscon. Cent. — Ist M., 68 83
Cild Colony
40
liih
Income 5s
Portland saco A Ports... 123
PHtl^AUKLPHIA.
Per share.
654
I
88
102
lOS
Plain, 68
<fe
t
66 •«
30
M
Bl'ckcrSt.
t Including, for Boston and Phlla-
Qnotations In Boston, Philadelphia and Baltimore:
Following are quotations of active stocks and bonds. A full
list is given in the CHRONlCLEthe third Saturday of each month.
4
i
Il3i»
110
lU IM
Ooos., 7a,
ftiY"
Ooas.,as,t.
imp.,6s, f.,ooap., 11197
Nswgsn., ts, ., IBS*..
Cons. As, 1st aer., 1933.
70
86
IMS
Krlf-ean. is
K.-lirtMl, 8s..
«i,7s,».«f:i«ft
A3>«
KAILKUAU BUMUa.
I
Atah.
A
mi. *
I
..390,707,3 85,326,4 31.,609, 5 408,714,9 6,830, 0635,516.7
..!305,630,4 84.902,929,,705, 3:412,762,8 6,517, 9 811.518,6
- 307,243.2 85,030,028,,882, 01114,469,8,6,519, 3 722,328,8
394,053,6 94.281,3128,,090, 8;421,884,3 6,491, 3 667,105,7
' 393,706,4 92,460,7 27,,871, 1
418,633,6^6,487, 1 683,132,6
Oct.
*
8M.
I
AUeJrh. Val
T S-lOa. ••6 lie's
United N. J.— Oen. 4a
101
rna.78. «nd.,ooap., '94
21'i WarroD A Frank.— lst,7s 112
Bells Oap— l8t M., as
West Jersey— 1st M., 7s.. 134
Cam.
Amb.— M., aa. '89 10114 ib'i" Vf. Jersey AtL-lst, es 108
N. Y. Banks.
Sept. 29
6
" 13
-Oct.
"
A
rblla.
S3>«
Nortii«rn(Tentral
North Pennsylvania....
P.«nnsvlvanla
„
Phil.
aKCORITIB*,
Ask.
1»
46 •
Prefsrrod
[/•high Valley
Little sohiiylVlU
DevosiUA Clrc'Vn CltaHno'.
Legais.
Bid.
A Bnmi Top
HDDIIngton
Mlnehlll A K. UaTen....
Nesqunlioning Valley. ,t
$
660,0
6,693,9
H.704.1
,2,078,6
158,41 11,115^3
673,"
5,:i.-,s,7
531,3
7,677,0i
2X2,8,
3.667.0
750,0
278,3!
6.075.01
500,0| 5,875,81 21,863,3j
1,000,0'
217,6
5,887,5!
300,01
117,2
1,551,3
362,4
250,0i
2,.359,5
200,0;
104,1
2.383,41
211,8
750,0j
2,676.6
600,0
665,7
7,318,4
100,0
652,1
3,870,0'
200,0
366,1
2,458,1;
200,0
364,81
2,508,4
600,0
601,1;
4,259,3^
300,01
170,8
2,940,7!
200,0
232,6!
160,0
243,0,
200,01
600,0,
Total
I,17S),7
3,525,2
1,351,7
3,677,8
16,477.0
19,461,5
'-
2,000,0|
300, o!
West hide
Seaboard
Sixth National
Western National
.3,247,1
6,551.8
1,897,8
2.236,0
1,061,9
234,1
345,1
4,034,3
1,736,2
100,2
124,0
1,304,7
1.000,0
1,000,0
3,200,0
Central National
Second National
Ninth National
First National
Thlnl National
N. Y. Natl Exchange
12,674,7
4,264,0
11,113,8
2,876.6
19,981.4
260,5
363,6
178.«
654,8
218,8.
231,5
600,0
Ifasaan
Market
•
1,501,1
3(HI,0
MerohantV Rxch'nge
Okllatln Naliunal
State of
$
1,561,4
2,000,0
2,080,0
2,000,0
2,000.0
3,000.0
1,000,0
1,000.0
1,000,0
627
Bonds,
7.S,
111
1898
,Twenty-thlrd
Di-y Dk.E.B.A Bat'y—Stk. 132
109
1st mort, 78, 1893
Istmort,
St—Stock..
78,
1893
iiT
106%
10t%
1B7
100
330
103
205
110
—
Unlisted Securities. Quotations from both ExchanKee:
Bid. Ask.
8ECUBITIKB.
BECUKITIBS.
Bid. Aak.
Am. Bank Note Co
A Pike's P'k, 1st as
A Char. Air Line....
Atch.
Att
A
tr. reo.
A Imp..
A At— Stk.
C.'outluental Con.
Dnl. S. Shore
Pref
Fla.R'yA NaT.Co.,consol.
ueorgia Pao Stock
Ist 6s
.......
3d8
Conxol. 5s
Income 5s
—
.«
JarvlsCauklln,M.,Deb.68
Kanawha A Ohio..........
Ist pref
3d pref
44
100
65
31
48
M
2d series B, 68
Des.& East Sh. Ld.Co. 2-00 313
N. J.Sonthern
I
!•
10% 11% Kewp. N. A Miss. Val.... IS
N.Y. V.'.S.A Buff
107 110
3
N. Y. A Oreen'd Lake, 1st 37
106 109
41
9
7
10
^i 3d mort........ . .......
39'4 40
N.Y'. Loan A Impr
60
40
tf. Y Mutual Tel
94
35
7
North Riv.Uons.Ca.scrip.
»"'
6
23
Ocean St«am.Co.,lst guar. 103 '9 lot
6
20
Pensaoola A Atlantic.
7
68
15
Phil. A Reail., atl au. i.d. 67
13
108s«
Postal Tolegrdph- cable. 38
41
Rich. York Ulv. A i;hes..
......
60
78
to
St L. Ft. S. A wlob.,oert
77
37 '« St Louis A Chloago.
It
27
103
Praf
40
9ii
St Paul B.A Or.Tr., Ut6s 05 100
3
6oloto Valley, 1st, 7s.... 93
9d
70
75
.Sd, 7a
31
Toledo Peoria A West... l»t
yo"!;
94
7'g'
Vioksb. A MsTldlan-lst
Sdmort
45
103 |.
•2
Inoomss
'29%
Mt
37
13
U%
•
.
.
'
1
IstBs
Keely Motor
Kingst'n A Pemb., 1st M.
w
Lehigii ,12
like*. Coal...
L. N. A..t;C.— C. A I.DIT.,88 103
Mex. Nal.t.'onstmct'nCO. 27
Mexican
tr. rec
eo
1'20
1st. 7s, li»07
Brooklyn Klov'd—stock..
.....
Brnnawtck Co
California Paclflo
1st mort, 41^8
2d mort., guar
Atl.— Ben.,
Chio.
Chio. Oas 'lYust
Moi. Nat. 1st mor,
27
104
Xaf.tonai
tr. rec*
I
1
Stook, pro!
|.
28
WestN.Oar.-4)o«.as
ts
..
86
%
THE CHRONICLE.
528
Latest Earnings Reporteci.
ROADB.
Weekor Ho
K.C.Ft.8.<feMem. 2d
Kan.
K.
C. CI.
& 8p
2d
pnges,
The Investors' Supplement, a pamphlet of 132
to
subscribers of the Chroniolk at 50 cents each,
others at $1 per copy.
The General Quotations of Stocks and Bonds, occupying
six pages of the Chronicle, are now published on the
ttatrd Saturday of each month.
RAILROAD EARNINGS.
Latest
IU>ADS.
Allegheny Val.
Eamingi
Reported.
WeekorMo
1888.
Sept'mlier.
188.021
1887.
Atch. T. & 8. Fe. yepi'mber. 1.411, 8&0
103.!i30
Atlanta & Char AU)fU8t ...
31,802
Atlanta&W. Ft.. Sept'mber.
Jan. 1
1888.
to
Latest Date.
1887.
180.959 1,515,685 1,483.^51
l,506,2hl 11,23h,992 13.634,173
819, 16
8 ,962
105.008
39.39.S
274.102
280.541
59.301 2,202,542 2,104,301
,
69,713
Atlantic* Pac. 3(1 wk Oct.
B.&O.Ea8t. Lines scpt'n'ber. 1,301,180 1.617.0»<5
41(1,394
437.600
Western Lines. Sept'mber
^eI> 'mber 1, 01,574 2,054,6^5
Total
133.976 129.0:H 1,140,500 1,063,906
Bait. & Potomac Sept'mlier
68 ,3 7
534.841
67,768
62,717
Beech Creek... gi pt'ii-ber.
42,015
41,755 l,ril2.522 1,7(.0,0"4
Bufl.Roch.* Pitt 3d wk Oct.
88,3.'i2
1,943,169
2,081.330
8f>,7
Bnr.C.Rap.&iVo. IthwkSept
'0M,756
.'84,076
18.797
17, 65
Cairo V. & Chic 3d wk Oct.
19,751
31,410 1,263,261 1,154.509
OaL Southern .. 3d WK Oct.
582.(188
.^72,782
75.I4(;
62.504
tCaniden & Atl'c Sept'mber
Canadian PaclHt- 3d Wk Oct. 286,000 277,000 10,225,430 8,731,469
231.-50
193.723
27,5Bil
28,637
Cp.F'r&Yad.Val Sept'ujber.
296,ii31
321.136
42,208
36,020
August
Carolina Cent.
528,783 466,182 4.24-,7 1 3.597.259
en.KR.<SiBg.Co, Augnat ..
30.757 1.1 98.351 1.041.881
36,416
Central Iowa... 3d wk Oct.
Oentralot N. J. Sept'mber. 1,32-', 212 997,120 9.70!),H26 8.5 5,839
1,526,^55 1,367,266 10,222,057 8,484,192
Central Paciflc August
66,685
53,21u
6,489
7,519
Central of 8. C. August
3dwk Oct.
62,929
63.733
Cent. Vemi'int
323,.5n4
370,01='
30.327
32.211
Oharlest'n &8av August
44,240
47,767
5,427
5,981
Cheraw & Uarl August
91,033
89.1f2
Ches. &Ohio... 3d wk Oct.
169,215 187,046 1,425,240 1,366.679
Ohea.O. AS. W. Sei t'uiber.
51.018
41 721
6,003
August
6,703
Ches. & Lenoir
48,481 1,742,936 1.760,337
45,796
Chic. & Atlantic. 3d wk Oct.
186,5:i7
1,160,146
1.613.351
August
181,226
No.
Burl.
&
Cblc.
August .. 2,273.702 2,382,103 14,113, 68 17.82ii.O 1
Chic. Burl. & Q
52.^20
47,000 1,70.=^.7'20 1.629,025
Chic. & East. 111. 3d wk Oct,
410.225
1 1,450
326,397
12,000
Chic. & Ind. Coal 3d wk Oct.
18,995.500 19,284,170
3d
wk
646.000
615.518
Oct.
Mll.&St.P.
Chlo.
Ohlc.&N'tUw'n. Sept'mbt-r 2.714,274 2,853,641 18,636. 57 19,512,756
42,755
10.207
7.772
51,766
Chlo. & Oh. Eiv 8- pl'mber
53,589
57,147
Chlc.St.P. &K.C. '2d wk Oct.
'mber
4,601,206
4,849,015
Sep"
650.802
702,189
Chlc.8t.P.M.&0.
29,2110
30,897 1,147.772 1.1:^9,641
Chic. & W. Mich. 3d wk Oct.
241,876 237,453 1,700.571 1,737.51,4
Oln.Ind.St.L.&C. August ..
12,' 48
424,646
12,978
379,493
Gin. Jack. &Mao. 3d wk Oct
6'',338
70,375 2,880,1 3 2,637,039
Oln.N. O. &T. P. 3d wk Oc.
30,974
32,886 1,184,491 1,193..'.36
Ala. Gt. South 3il wk Oct.
651,4 38
18,082
20,119
5U.317
N. Orl. & N. E 3d wk Oct.
4' 6.492
14.11.')
341,409
11,096
Vloksl). & Mer. 3d wk Oct.
39^.03o
3d
wk
Oit.
P
14,478
16,735
418.616
Vlcks. 8h. &
145,005 152,193 5,546, 41 5,167,900
Erlanger Syst 3d wk Oct
b2i,6
wk
Oct
i),553
6
3d
9,032
334,651
01n.Rlch.&rt.W.
77,1 2
11,266
13,.5»8
74,8.1
Ctn. Sel. & Mob.. Sept'mber
730,0
8
3
wks
Aug
71,443
715.
73,971
04
Cln. & SprluK'd
01n.Wa8h.&Balt 3d wk Oct.
49.»56 1,676,487 1,''47,838
43,388
523,4' S
12,815
44 ,111
OteT.Akron&Col '2d ukOc
18,672
28., 914
34,559
36,19
270,827
Olev. & Canton Sept'mber.
392.170 4. 2,164 2.712,799 2,846,-75
01ev.Col.C.& Ind August
Whole system Sei.t'mber
783,563 809,8^3 5,582.204 5,7 6 ,272
e,28(i
7.3ir;6
210,695
Clev. & Marietta 3d wk Oct
211,761
27,737
1,01) ,612
Color. Midland- 2d wk Oct.
"6;7X8
wk
295,148
Cln.
Mid
3d
Oct.
7,493
Ool. &
258.734
79,C00
75.000 2,497,994 2.2 8,591
OoLHock.V. AT. 4th wk Oit
Denv. & Rio Or 4tli wk Oct 23(1,000 270.800 6,^71.891 6,518.857
3 1. '200
30.200 1,040.917
Denv. & R. G. W. 3d wk Oct.
906.698
105.137 13 1.8.16
725,553
Den.S.P'k&Pac. August
852.030
35k,' 34
33.34
43.509
Det.Bay C.<&Alp. S. i)t'mber
360,372
813,812
Pet.Lan8'g<tNo. -d wk Oct.
24,b99
22.700
914,162
DuluthS.S.&Ati. Sept'iui cr
183,388 191,-08 1,071,981 1,080,516
E.Tenn.Va.&Ga. 3d wk Oct. 125,839 127.613 4,426,730 4,]44,)96
5.'217
4.149
190.698:
Bvan8.& Ind'plis 3d wk Oct
189,141
17.888
17,920
689,816
Bvansv. & T. H. 3d wk Oct.
696,lti7
..August
53 .36.*) 486,023
FitchbuTK
45,2
49,368 1,932,702 2,d"8.0 2
Flint & P. Marq. 3d wk Oct.
58,717
64,153
674,748
Fla. K.&Nav.Co. August
667.775
14,9l7
24,569
784,359
FtW.A Den.City 2d wk Oct.
522,544
tWhole syst'u istwkOd.
49,453
34,716
913,526
52.585
Georgia Pacitlc 4th wk Sept
8?8.673
47,825 1,81 ',43>- 1,917.-. 68
43,831
6r. Rap. & lad... 3d wk Oct.
4.304
158,974
3d wk Oc
4.118
132.128
Other Hues
Grand Tnink... Wk. Oct.20 433.964 431. :i2 14,63^,723 15.6! 4,855
1.755, "38 1.52>l.205
Gull Col.A S.Fe. August
277.0 2 23 1.0-'
Hous.&Tex.Cen. 2d wk Oct
103.787 103,991 1,941.95- 2,009,-: 5S
lO.vOW
10H.708
Humest'n&SUeu Sept'ujber
14.800
111.922
910.671 1,099.738 8,389.036 8. 62,310
Ill.Cen.(lll S2S0) Sepl'uibur
9. "81
10,6-^0
71,667
85.S73
Cedar f.&Min. Sept'tuber
596,6.'^3
Dub. <S Sioux C. Sepfmbcr
77.592
591,591
88.9:5
6't,507
574.233
487,8-0
69.061
la. Falls &8.C. 8e>.t'ii.b
Iowa lines... Hept'mber
168.656 153,879 1.242.553 1,165.346
Total all.
Sept'mber 1,079.32' 1,253,617 9,6U.5s9 9.427,656
Ind. Dec. A- West Sepl'iuier.
39.763
269.05
31 ,626
38,674
Ind. & St. Louis td wk Aug
45.893
47,187 1,215,189 1,264.890
Kanawba&Ohlii 3d wk Oct.
222,492
5,403
5,686
146,438
•
.
.
—
1
1
.
.
.
.
to
Latest Dait,
1888.
1887.
89.043
5,481
101.322
7,614
4,789
39,916
.Sept'mber
.
51,.'S21
22.785
979,866
15.445
Sept'mber.
Sept'mter.
3d wk Oct.
Oct ber...
July
3d wk Oct.
3d wk Oct.
3d wk Oct.
3d wk Oct.
Lykens Valley Pept'mber
Mar.Col.& Nor'n Sept'mber
Memphis AChas. 3d wk Oct.
•Mexican Cent 3d wk Oct.
Gu'd'jara Br.. 3d wk Oct
San Luis Dlv 3d wk Oct.
•Mex. N.
287,'
Wk Oct.
06
39.707
22,142
327,630
.50,301
56,969
75.305
7.6 1
33,258
96,443
9,807
1,033
137,122
41.240
mber
Sept
(all Ins)
'MexicanRaUwy
88,872
4,383
3,2-0,089
208,151
3.669,004
199,47»
107,318
7,900
750.4-5
254,316
158,470
317,123
779.695
26.\073
135,646
292,378
1,690,403
183,758
6,277,497
635.609
2.791.182
328.216
805.125
12.592.095
1,815,302
1,521,100
508,108
49.012
1,313.944
3,711,869
29.21(1
...
Keokuk & West 3d wk Oct.
Kinirst'n & Pern. 3d wk UCt.
KnoxT. & Ohio August
Lake E. & West 3d wk Oct.
and
contains extended tables of the Funded Debt of States
Lehigh & Hud
and other Leh AWilB.Coal
Cities and of the Stocks and Bonds of Railroads
L. Ruck & Mem
Companies. It is published on the last Saturday of every Long Island
La.
& Mo RIT.^
SeptemJuly,
ether month-^oiz., January, March, May,
Louis.Ev. ifeSt.!^.
charge
extra
without
LouiST.&Nashv.
furnished
and
is
November,
ber and
Chic.
Extra copies LOU.N.A.&
Chronicle.
Louisv.N.O. &T.
to all regular subscribers of the
to
wk Oct.
wk Oct.
C.Wy.A N. W. August
Kentucky Cent
and
Jan. 1
1887.
1888.
9
AKD
are sold
XLVIL
[Vol.
1-i
wk Oct
Milwaukee & No. 3d wk Oct.
Mluueap.&St.L. Sepl'mbtrr
Mo Kan * Tex. 3d wk Oit
lut AGt.N'rtU 2 wks Oct
Mobile* Ohio Sipt'mi.er
Nash.Ch. &St.L. Sepl'niber
Natchez Jac.&C » pt'mber
New Brunswick. August
101, '272
Mil.L.Sh.&West 4th
25 IhO
120.500
137,3=>4
171.26
174,157
271,173
4,6!J6
42.123
49.130
17.694
,7.2,544
8:^2.740
,5-27,017
185,653
528,901
24,781
,9.i8,412
265.966
55.927
245,326
755.073
22.865
345.9 5 12 .800.401
49.207 1 ,811,455
59,818 1 ,734,059
749.587
90.587
6.611
63.695
4S,184
,212,884
100,007
,461,508
133,!253
5.1,
637,749
894,098
369,293
854,227
54
80. 5-9
22, 698
766.399
12>*. 720
970,62.")
1,0" 1.273
157, 70
186, 169
242, 048
270,,^l*^
,947.870
,302,992
,727 ,434
,295.003
5.02().71»
103.313
56.404
74..000
7^,858
N.Y. Cen. &H.R. Sept'mber 3.366.100 3,438,,555 26,,li2.h05
2.4 1,.83lll7 66b.l46
Au^uso... 2.4411.7
N.Y. L.E.
554.526 512,,0731
N.Y.Penn&OhioJuly
N.Y.&NewEug. Sepl'mber. 501.128 484,.232; 3.024.202
11,.60
11.063
N. Y. <fe Northern 3d wk Oct
,384.539
34,.049
33.266
N.Y. Ont.&W... 3d wk Oct.
,o59,4'23
N.Y.SUS.& W... Scpl'mi er'. 130.445 131, 023
,940,574
d wk Oct. 116.946 110, 592
Norfolk & West
373
4 10. 82
32,
August
..
34.730
(S.C.)
N'thcastm
,628.8v'7
56".205 452, 632
Nort liom Cent'l Sept'mber
.HOO
040
809
50^.073
391,
wk
Oct.
d
Pacific
Northern
,090.621
96.640 110, 431
3d wk Oci.
Ohio&Miss
506
382.684
11,
13.598
3d
wk
Oct.
Ohio River .
401,730
52, 881
48,009
Sepi'm er.
Ohio Southern
1, ,7>-2
104,464
3,080
Ohio Val. of Ky. 3d wk Oct.
28 -,739
36, 631
37,920
Omaha & St. L Sept'uib. r.
44:1
3.726,710
362
407.009
Sept'iuber
Oregon Imp. Co
609.450 487, ,246 4.403,633
Oreg. R. AN. Co., Sept'mber
253.008 195 6 1 l.(.50,»78
Oieg. Short Line .August.
Peuuaylvaula. .. Sept'mber 5,285,426 5,006 ,568 13,356,976
f
&W
1.277.898
2,837,278
2.772.216
1
2,397.698
1,763,316
2,2f,5,786
116.339
508.722
26.275.799
17.240.698
3,710.071
•
I
:
.
CO
N'rlhw'm
Peiin.
sys.
S'thw'ru sys.
.
1,374,447 1 ,518.121
1,074,848 1 ,184,154
16.783
15.788
27,5fi8
31,621
July
.luly
PeoriaDec.AEv. 2d
wk
Oct.
...
Sepfmbcr
A Read'g. Sept'mber
Coal A Iron Co. Sept'mber
Sept'mber
Tot.bothCo's
Phila.
AWesfm- 3d wk Oct.
P'rlRoyalAAug. August
R'alAW.Car.iAugust
...
Pt.
—
Pitts.
Prescott.
& Ariz.
Sept'mber.
Rich.&Allegh'y. August ...
B&W.P.Ter.CoRlcb. & Uauv. IstwkOct
148,0
37,400
Va. Mid. Uiy.. 1ft wk Oct.
C. C. A A. Uiv. 1st wk Oct.
Col.
AGr.Uiv. IstwkOct.
West. N. C. Oiv Ist wk Oct.
W.O.A W.Div. IstwkOct.
Ash.&Sp.Ulv. IstwkOct,
Total all . . 1 St wk Oct.
Rich. A Peters'g August ..
.
Rome W. A Og. August ..
11bt.L.Alt.AT.H.i3d wk Aug
3d wk Oct.
St.L. Ark.&Tex 3d wk Oct.
St. L. A San Fran. 3d wk Oct.
Branches
A DulutU Sept' mber.
St.P.Miu.AMan. Sept'mi er
S.Aut.AAr.Pass, 3d wk Oct.
Sept'mber
Scioto Valley
Seab'rd A Roan. August ...
St. Paul
Seattle L.S.A E. Sept'mber.
Shenandoah Val Sept'mber.
South Carolina
.
3,605.30ft
1,292.337
11,058,674,
9,735,630 10,100,320
7,439,259 7,822,255
238,198
290,.540
447.032 33H„V23 3,'262.519 2,071,951
16.003.531
1.932.783 1 .068.6)2 15,034.97,1
2.025.682 2 .135.(81 13.426,-05 13,.-i30.282
3,95-,46) ,103.691 28.461.780 20.542.813
46,433
46,977 1.596,01)5 1,621,213
218,?.89
202,428
:5,>'95
22,162
165,628
15,31)3
203.418
24,987
66,936
90,936
6,b31
I0.137
402,344
402,222
65,65,
64,710
Augu.-it
Petersburg
Phila.A Erie
1,249,971
998,167
3.308.57a
345,196
4,679.189
10.465.-02
3.351.179
289,563
411,488
74.849
309,883
2,971,431
Sept'mber.
26,850
16,200
37,400
3,3o0
2,575
252.5 25
20,459
303, j62
45,893
22,470
8 .',556
143,60(1
163,182;
805.000
24.1 9
72,1361
46,346!
12.851
SO.OOOj
10O,888{
146.400
3h,000
26,850
3.346,218
1,308.156
3.173.711
1,264,928
65-, 074
17.40('
36.60'
433,428
494,273
93,239
608.52S
380.515
554,001
92,027
51,631
6,107,399
152,231
3,6"0
2. 75
250.126
19,13
3 1 7,771
47.18-,
24,801
78,45&
140,48K
185,512
647,00(1
17,164
77,768
44,599
'93,305
142.257
8.1.775
6,495.361
176.371
2,152,276
1.215,189
728,221
2,2.^4,1
1
4,481,476
1,122,223
6,513.371
784.051
2,025,145.
1,21)4,890
740.2-26
1,942,399
4,841.841
1,1-7,683
5,599.397
405,215
404,118
579,699
357,493
628,562
669.180
647,778
836,438
500, .5
80. Pacitlc Co.—
295,097 2,746,460 2,385,558
320,,495
607,836
690,212
72, 36
83,,208
388,,008! 375,838' 3,519,987 2,954,907
Morgan's LAT. Sep 'mber
125.'200^
90,li'5
17,102
18,442
N.Y.T.&Mex. Scpt'nfur
917,9-22
125,,590] 109.993 1,036,279
Tex. AN.Orl- Sept'mber
6,991,421
871.266 8.U89, 40
936,,733
Atlan'o system Sei't'mbei
pacitlc system Augu-t ... 3,'245,,784i2,877,.58(> 22.795.326 17,960.421
4,151,,i.23'3,716, 70 29,947,634 24,080,577
Total ol all . August
42,d3(>
63.981
6,803
10,,2301
Spar. Uu. A Col. August
690,865
743,131
02.387
97,,0171
8talenl8.Rap.Ti Sept'mber.
915.818
132,,0l5! 125,634 l,0^<9,y55
SumiuitBranch .Sept'mber
180,272
212,867
p,460
Sept'iuber
14,,976
SuiroTunuel
Texas A Pacific 3d wk Oct. 162,,850 158.981 4,823,085 4,485,281
4^0.665
524,63
12.735
16,,4-29
Tol.A.A.AN.M'li Jd wk Oct.
8. 5,276
914,369
2i,32
29,,79.->
Tol. A Ohio Cent. 3d wk Oct.
766,402:
713,628
20,621
3a wk Oct.
22,,838
Tol. P. A West
,0.45,662
Sept'mber
60,
Tol.St.L.&K.C
7^3,9^0 21,202, 005 20,781,843
S p 'mber. 2,667,,905
Onion Pacific
462,406
492, 274
57.37.1
58,,602
Valley ot Ohio. Sept'm ter
146,45s 4,5t.7, 690 5,166,'333
123,,515
d wk Oct.
Wab. Western.
424.568
4
232
4,1^28,
7o4,
,267
703,158
Augu-t
...
Wab., E. ot Mls^
2,236,8-26
2,546, 90
61,'"
69,,400
WestN. Y.APa id wk Oct.
330,'270
417
317,
47,158
Sept'mber.
33,
,391
Western of Ala
Gal.llar.AS.A. Sept'mber.
Louis'a West.. Sepl'mber
—
(West Jersey...
sept'iiicer
W.V.CeiLAPltU Sept'mber
Wheeling A L.E. 3d wk Oct.
Wil. Col.
A Aug
\UgU8t
oWisconsln Cen. 3d
J
!
wk
Oct.
140,,8j6
67,,512
18,,940
135,6118
46 ,586
88 .312
49,'221
81.61)8
And branches.
*
52,498
14 576
1,241, ,707
465 ,370
700, ,014
492 ,o63
1,167,162
3.038 821
2.971,292.
269.676
588,124
443.727
Mexican currency
Inoludes whole sy st^em from Fort Worth to Denrer, but not earning*
onjolnt track— Pueblo to Trinidad.
U Including IndlanapoUs
A St.
Louis.
a All lines Included.
NOVBMBKR
8,
THE CHRONira.E.
18«8.J
Latest firom
by Weeks.—The
Earnlnfrit
latfst
weokly
the foregoing table are separntoly aumined
earniiii?8 in
up
LonUlana Weat....Orou.
returns that have oome in for the third
we<'k of October are not quite so favorable a< the earlier returns, so the increase on the whole 68 roads whi jh have
reported is only 1 -78 per cent.
ad<lit.ional
3d week of
1888.
1887.
3,646,.'S88
3,60'»,660
21.5.013
69.713
I9,7.M
36.416
89.1.52
52.S20
29.206
59.301
31,416
10,412
30757
S,659
91,633
47,000
30.897
5,520
October.
Inereate.
«
PreT'ly roport'd (36 roads)
racino
CHliromla Southern
<te
CfUtrai Iowa
ChcvspoakK A Oi'to
Oblosfco A East Ills
Chlpaim * West Mich
....
Oiuoiimati Jiu-k. & Muek
Cln. N. O. A Texas Pac. ..
Alabama <U. Southern
Nt'w (Irloans & N. K ..
VI<'lt.sl)iirK & Meridian.
Vli'k8hiirtr Hhrev. <fe Pao.
(Suclimatl Klch. A n. W.
Clu. Wash. &. Bait.
ClevfihiiidA MartiMta
Col. i Chi. MliUaiid
East Tenu. Va. A (la
Flint A Per« Marquette
Rai'iils
Othi'i- MiiM
'Graiiil
83.298
43,857
73.030
40,l«i
«M,313
830.au
8«M08
87S,IIS8
a.sin.Mn
Nat...
Net...
Ohio Rlrer
Ohio Vallev
it .St.
L.
W.Va. Cent 4 Pitts. ..Gross.
Net..
1,91J
Wisconsin Central.
8
4.3c>4
431, <22
7.900
24,781
)
Total (68 FoadB)
N»t Increase 173
22,838
1,79V
21,861
17,164
26,621
5,138.226
.5,050,673
p. 0)
(
>...
1,040
.
1,774
4,155
3,994
IsO
2,612
286
22.SH.",
22.470:
24,109;
v
6,46-1
735
•
59.-18
43.184
110.43!
11,5. 6
3.0'*0
Alt.& T.n..liraiichcf
San Aiitonl"& Ai'. Pass..
Tol. Peoria & Western
"-"
7.3-,J6
96.640
Kcntupkr.
521
6,758
127,613
49.3H8
47.H25
13.598
oi
2,2.57
•
....
,
18s8.
jB
Allegheny Valley
1887.
A
& Tei.
6,945
3,783
252,383
104,830
—^The tables follow-
Net...
N. O.&Northe st'n Gross.
Not..
C
Vlcksb.
&
Merldlan.Gross.
Net
Vloksb. Shrev.
Cleveland
..
& P.Qr.is8.
Net. .
Gross.
& Canton
7H0,718
321,154
109,000
t3,423
9,000
28,833
2.000
39.338
6,0
34,559
11,837
Lake Erie
4
.
1887,
9
^Jan.
1 lo
1888.
9
•
Gross. 1 ,526,555 1,3«7,200 10,222,087
Net.. 093,111 730,420 4,15,^,415
Western. Gross. 234,031 212,-il8 1,336,104
Net...
103,373
08,796
40u,2(J3
269,97«
90,38)
Aug. 31. -«
188T.
•
8,484,103
4,033.68«
l,34l,76«
503,027
•Gross earnings do not Include Income from Investment*, and net
eamtuKS are given after deducting operating expenses atid tAZes.
t Approximate for September.
ANNUAL REPORTS.
,
•
b3 remembered,
in gross earnin s, compared with tho^e of 1887,
ini-luding the corresponding six months of the B iston &.
Providutic- RR. is $448,6*2; but the compar.t^on below eX'
eluding ihe Boston & Providence in 1887, shows a much
—
III
&
rau.-tc
Tho gain
.
1888.
t'For the year eliding Sept. 80, 1883.>
The annual report just issued states that "the report of
earrings and expenee.i tor this year contains six months' businesB of the Bo-tun
Piovi.lence RR undo- th
lease which
commenced April 1, 1888. It is alio, to a suiaU extent, aSrCted
by the operation of the Nantsskr-t Baach RR. for three
months, the Wes'. B-idgewater Branch KR. for nine months
and the Cnatham Branch RR. for ten months." Hence id the
comparison of earnings and expenses with thosj of 1887 these
faciB
larger increase.
1887.
The Old Colony Steamboat Company durinj; the year increased its capital stock f om $900,000 to |1,200.000, offering
the new sk ck to its stuckholdera at par. The Old Colony RR.
Co. took 2,418 of these new shares.
A lease lor ninety-nine years has been taken, by vote of the
directors, of the Nantacket Beach RR., extending from the
Old Colony House Station to Hotel Pembertun, about seven
miles, for a yearly rental of 16.350. The lease gives to this
company an option to purcose the property after the matnr.ty of the honds in 1901 for the sum of |l.50,0iX).
"The most imortanc event of the yeirwai tie acquisition
of the B ston & Providence RR. by leace. The comijination
of tbt* two properties adris to the value of both, and the
direc'o s believe that the business can be increased and don»
at less expense.
The arldiiions made to construction account for the year
at
..Oi-oss.
Net..
Pac Gross.
A Uifutt
465,.370
148,082
3,778,157
Old Colony Knilroad.
2,391
1^8,021
180.959 1,515,685 1,483,551
net...
93,781
71,769
621,421
554,6.57
Atch. To. & Santa Fe(Jro?8. 1,411,850 1,506,261 11,238.992 13.634.173
Net. .
491,155 671.233 3,4 •f,214 6,232,373
Canadian Paoiflc
Gross. I,130.9l7 1,063.?0: 9,371,430 7,901,469
358,652 377.967 2,292,879 2,098,902
Net...
'Central of N. Jersey. Gross. 1,328, -'12 997,1-^0 9,709,826 8,515,839
Cln. N. O.
.Gross.
Net...
13,791
2,092
1,298
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 Hscal year on those companies whose fiscal year
does not correspond vith the calendar rear.
September.
Joji. 1 to 8epl. 30 -,
.
S2.498
21,747
1883,
723
For week ending October 20.
Koailt.
1,09<«,'70
9.336
....
87,553'
Net Earninics Monthly to Latest Dates.
10<>,»93
67,542
20,808
385, )20
144,114
Rnnrie.
Central Paelflo
2.8 1»
a.9 6
I
109,74»
i>03,a«o
17,403
On,IOft
6,384 itt. 86,084
18,442
3.313
13S,SS0
»8,601
03B.733
3h2,242
3,019
9.553
433.9K4
7.H14
15,445
22.142
56.969
.
2/37
16.7a.-)
49.858
33,2 -18
Bt. L.
*
430
125.839
45.213
43.831
107^83
Net...
M,tUfl
878,4M
Total Atlaotlo S/s.^Orots.
P7i,3ea 8,089,040 «.» •1.431
Not...
2^,674 2,312,176 l,n7S,SS«
(Talon Paelflo
Gross. 2 ,667,905 2,743,980 31,792,0 <a 30,7-'134S
Set... 1 ,000,153 1,377,948 8,121,094 8,44l,aD»
West. N.Y. 4 Penn... Gross.
301.498 278,419 2,330.805 2,0'»»,li
Net .
64,9.50
81,086
640,72 i
4U,»..
Oct. 1 to Sept 30. {O'oss3,061,56% 2.6 0,S8a
12 luonihs
5Net...
85'>,132
4A9,0Mr
2,037
4,1
louisv. Evaug.
1,611
4 N. OrleaDi..OroM.
12.^178
11.473
9 032
43.3X8
6.286
7.493
Loul.ifvme N. o A Texas
Meniplil- & ^harle^ton...
Ohio A MtH8l8Slppl
2,481
Mez..Orau.
70.375
32.^86
18.062
14.115
ll.Oite
Keokuk & WiLttcrn
Little Kook ttMeiuplils...
11,665
4
S. T. Tex.
68.:)38
20,119
Trunk of ranada.
»
78,11J
«o*«. so,—
Net...
12.-^4 8
3i>.!(74
* Ind
Grand
9
DeereoM.
1
Morgan's L».« Tez.OroM.
Tex.
AttHiittc
—teplembtr.—^ '—/an.
ISM.
1HH7,
Koadt.
as follows.
The
629'
401,469 4,383,920 3,813,414
309,917 2,674,624 2,420,797
129,481
796,000
081,866
56,332
595.120
462,249
10,000
46.000
55,000
51,939
314.-61
364.214
16,000
22,000
24,000
58,816
3'7.n5
369, 63
24,0
54,000
56,000
36.192
2-3,914
270,127
13,261
88,7.^5
74,200
99,464
98,3 4
32,431
S*,472
809,823 5,582,204 5,706,272
amounted to |231,875.
" To provide for this expenditure for payment for slock in
the St'-amboit Company and for t\\^ floating debt as s ated
Ind. Gross.
783,563
Clev. Col. Cln.
in the laHt report, and to m et long notes ma urin^ durini; the
Net...
3 >0,290 347,' 108 1,578,.507 ],i»30, 20
year to the amount of $220,000, and tne payment of $1,800,954,647
Denv.& Bio Gr. West. Gross. 126,6J5 123,422
824,223
Net...
43,156
49,513
226,413
2:6,539 000 to th- Boson & Provideuce RR. Co. under the lease, and
ab lUt $140 000 for materials on hand, the following securities
Louisville 4 Nashv.. Gross. 1,394.834 1,437,908 11,810,136 11,552,010
Net.. 542,874 595,657 4,082,277 4,494,»39 have l)een is'u-d: $1 rjSO Oi)0 of four p.-r ont b ind^, as
N.-t...
July 1 to Sept. 30. ) Gross
3mont(is
...SNet.
<fc
July 1 to Sept. SO.
3 mouths
MUw. Lake ah &
N. Y. Phlla.
W
J
)
.
.
4,07t,l93 4,134,133
1,510,389 1,690,427
Gross.
Net. .
NeU
135,692
.
& Norf... Gross.
482,533
13),3"7
Net. .
Norfolk & Western. Gross. 430,210 404,724 3,594,399
Net.
167,733 186,305 1,398,554
Northern Pacific
Gross. 1,711,275 1,408,210 12,419,313
.Vet .
674,104 694,027 4,6.58,917
4,98", 151
July 1 to Sept. 30. j Gross.
3 mouths
jNet...
1,969,771
Ohio 4 Mlssis-lppl... Gross. 396,602 408.06 1 2,791,896
Net...
157,863 167,013
779,636
July 1 to Sept. 30. > Gross.
1,051,178
3 months
360,133
J Net.
fOregon Imp. Co
Gross.
407,809 362,443 3,726,7 O
. .
.
Net..
111,825
110,196
816,136
389,607
73,445
3,001,^03
l,21iP,29i
9,357,525
3,7.-)0,3 7
3,910,372
1,811,651
3,031.981
1,064,-
&
00
1,140,657
452.708
2,971,431
814 960
& Nav. Co.Grocs.
609,450 4*7,246 4,4^3,633 3 60.-),.306
227,m59 1,587,271 1,451,170
Net...
286,4.50
Pennsylvania
Gross. 5,285,426 5,006,568 43,356,976 41,0 3,674
Net... 1.9)5,444 1.7.",8,19f 14,396,035 14,123,655
447,i)32 339,52
Philadelphia i Erie .. Gross.
3,262,519 2,971,9 -V
l!i2,749
Net...
106,976 1,33 ,156 l,19a,»»70
PlttsburK & Western. .Gross.
185,.592
200,341 1.469 5.57 1,480,280
Net...
55,478
356.071
51,327
July 1 to Sept 30, 1 (Jross.
557,260
.56^,025
1.59,638
3 mouths
JNet...
13.),4J7
Boloto Valley
579,699
Gross.
72.836
77,768
500.4 57
139,919
Net...
32,456
25,4S1
107,333
tOrep. Ry.
aiiihorz^d b, thj stockholders at the annual meeting Nor.
22, 1887, and made ai.plii able by the sp cial meetiug to the
P ovideuce less;. Th- se bonds were sold for their par value.
Four thou-and shares of capital stock have been sold for
The prem um reilized from this >-ale, $2i6,631, has
$676,631.
bren credited lo the iuprovement account, whicti now
amount" to $414,459. Tbe while amount of 'ah >rt-iime note*
outstanding on Sept. 30, 1883, was $3^6,563, of which $30J,00O
has been paid at tne date of this report."
The comparative sta'ement of e-i>n'Dg8, traffic, &c., for
four years is as folloivs, the B stoa
Providence road b 'ing
included for six months io 1887 88:
OPERATIONS AND FISCAL SISULTS.
18-I0-87.
1884-85.
1885 86.
1887-88.
Miles opcr. Sept 30.
469
468
476
583
131,801
—
Southern Paoiflc Co
Gal. Har. 4 8. Ant.Gross.
Net...
320,495
100,490
295,097 2,748,460
6i8,193
83,217
2,38%558
380,387
operation*
—
8,320, S74
9,-52 ',3«7 14.680,407
9,0''8,700
« cairle.l (No.)..
Passenger mll«..)te .124,174.681 1U,813,1«4 l«.'>,3'i2.l)ll 100,gt'<,593
l,s<J4,30f
l,934,0»l
2,4lO,3ift
FrVhid'iiS. carried. "-I,b92,l25
"
63,360,258 68,755,814 81,«!>0,335
Fre ght (fuS) mli'go. 60,i34,l91
Earnings J rom
9
$
2.'<82,049
2,572,576
3,8 <0,S78
2.' 2 ',961
PaHSengeiS
1,U05,02«
l,8S7.26l
2,41(<,.-'6e
1,7.4, .89
FreiKht
3/5,187
397,071
28;),719
2 >e, -36
Mall, exp. 4 mlMOl
Pa
"
"
—
. .
I
Tot. gross eam'gs.
Operating expenses.
Taxes. ..;....r7.....
Total expenses..
Net (amines
4,2M,18tf
2,733 187
236,943
4.i28,03i
2.990."0 '
231,397
4,888. "i?!
285,404
e,322.n38
4,r70,498
367. 17»
2,970,130
1,381,056
3,225,103
1,303,930
3,832,998
1,833,67«
4,H87,e67
1,684,0«1
3,377,591
THE CHRONICLE.
r530
[Vol. XLVII.
EARNINGS, EXPENSES, AC.
INCOME ACCOUNT.
Beeeipts—
Wet earnings
1884-85.
1885-86.
1,281,056
79,331
1,302,929
89,931
9
.
Other receipts.
Total Income
Disbursemetits
—
1886-87.
1887-88.
1,332,576
95,215
1,684,961
94,090
1,360,390
1,392,860
1,427,791
1,779,051
45,594
32.694
582,534
761.747
15,885
16,134
597,897
788,816
25,144
636,368
802,763
74,361
SeBtalspaia
Interest on debt
,"151,424
aDivldends (7 p. c.)...
Improrem't account.
738.122
25,250
Total dJsburse'ts.
1,360,390
EransTHle
&
26.5,559
1,779,051
1,427,791
1,392,860
Terre Haute Railroad
fFor the year ending August
The following statistics have been prepared
Karningi from—
1
for the
Freight.
Mall
Express
Otlier sources
$2,405,121
Total earnings
Operating expenses (74-33 per cent of
earnings In 1S87-8 and 74-32 in 1886-7), 1,864,572
$1,992,543
$540,550
16 8,064
$511,687
169,108
Net income over oper. expenses, rents, &o. $372,495
RESOURCES OF THE TEAK.
$342,579
Net earnings
Rentalspald
Cheon- Net earnings
To balance
The President's report is very brief. He remarks that this
year's business is the largest in gross amount the companyIndianapolis Railroad Comhas ever done. The Evansville
pany is now opened throughout its entire length, 153 miles, and
18 being EuccessfuUy and profitably operated, its business now
pointing to $300,000 per annum, and steadily increasing." The
stock 3,000,000) has been issued and placed in the Treasurer's
Totals
&
(f
bands, and appears in his general account. Its value is but
nominal; still the stock of the E. & T. H. RB. was sold for $5
a share twenty-five years ago.
The General Manager's report says:
" In the group of railroads in which yours is situated, the
By
average percentage of expenses to €arning8 is 64'74.
exceedingly careful management, the E. & T. H. has been
operated as low as 45-70; this year at 49 70. This, however,
could have been shaded, had it not appeared that it were the
wiser judgment to expand more liberally during the present
year J or the advantage of the property both now and
hereafter."
FISCAL RESULTS.
1884-85.
Total miles oper.
1.46
Earnings —
Passenger
S
192,150
408,742
117,931
Freight
Mail, exp., &e..
1885-86.
1886-87.
1887-88.
146
$
200,122
445,931
156
s
156
118,104
198.701
494,786
138,284
221,595
511,899
130,182
863,676
457,212
»
Gross earn'gs.
Op. ex. & taxes
718,823
361,223
764,157
3 75,180
831,771
428,581
Ket earnings
357,600
388,977
403,190
51-52
406,464
52-93
1886-87.
1887-88.
4910
5025
P.e. exp.toe'rns
1885-86.
$
Seceipit—
403,190
357,600
388,977
Diiburstments —
Interent on debt
202,320
202,320
213,647
Dividends
(2'>o)60,000 (496)120,000 (4^%)142,500
10,094
Miscellaneous
Net earnings
Tot. dlsburs'ts
Bal. surplus ....
262,320
95.280
366,241
36,949
322,320
66,657
$
406,464
1887-8.
1886-7.
$510,127
81,237
$676,699
$591,364
DISPOSITION OF RESOURCES.
fciitt
Interest on funded debt
Rentals of other roads
Net unfunded debt
Interest on unfunded debt
Taxes
1887-8.
1888-7.
$390,000
168,054
41,902
$390,000
169,108
32,256
76.743
&
Colniubns Hocking Valley
the year
ending June
Toledo.
30, 1888.^
fFor
The report of this company for the calendar year 1887 was
published in the Chronicle Vol. 46, p. 351. Later returns
for the year ending June 30, 1838, have now been obtained
for publication in the Chronicle and are given below in comparison with 1886-7. The litigation by this company in its
famous suit for the recovery of some $8 000,000 renders all
statistics in regard to its earnings and finances the more interesting.
1887-8.
Eamtngsfrom—
$412,517
$394,216
Freiglit
2,061,535
24,729
22,«84
14 9,235
2,030,368
24,616
$2,671,000
$2,620,075
1, "09,252
1,49 0,662
$1,081,748
24.3t0
$1,129,413
2 1,824
$1,037,448
$1,107,539
Maif
Exiiross
Other sources
Totaleamlngs
Operating expenses (60-34 per cent of eamiugs in 1887^8 and 56-87 In 1886-7)
Rentals.. ..!
Total
200,750
(5»6)15O,0OO
7,882
358,632
47,832
1887-8.
$1,061,749
Net earnings
Interest and dividends
Increase of luuded debt
Premiiun on bonds sold
Interfst on lease to K. &0. Railway
$577,523
1,219,613
60,000
6,000
10,045
126,207
125
764,000
22,320
7,500
$1,265,026
$1,923,233
38,534
42,640
89,903
Total earnings
*1,968,218
1,255,269
Ket earnings
$712,949
Keutals paid
6,830
$708,119
-Incrjase ol floating or decrease ol cash assets
$1,424,170
1887-8
$296,000
6,830
24,827
538,965
f 57,548
Kentals
Increase of other than cash assets
Construction and equipment
Betterments
33L
3,118
Total
$1,424,170
Chicago
&
$1,923,233
Ohio Sontherc.
ending June 30, 1888.^1
income account of this
company for the year ending June 30, 1388, has just been
made for the Chronicle, and the figures are given Delow in
the year
A special report of the earnings and
EARNINGS, EXPESSES, AC.
Marninga from—
Passecgex-s.
Freight.
.
1887-8.
.........
.
Express
Other sources
Total earnings
Operating expenses (.59-27 per cent of earnings In 1887-3 and 56-98 In 1886-7.)
NeteamingB
30, 1883.^
This road, the western connection of Erie and N. Y. Pa. &
Ohio, is under foreclosure, and the suit for a decree of sale is
now being pressed to a conclusion. No report has been made
for a year or more past, and the Chronicle has just now obtained the earnings and income account for the year ending
June 30. 1888, which are given below in comparison with the
previous year 1886-87. The company has to pay a yearly
rental of $168,054 to the Chicago & West Indiana for its en;trance to Chicago and for terminals in that city.
1886-7.
$65,681
630,768
5.591
5.171
1,708
$65,^02
4t7,914
5,591
4,569
$608,919
$564,158
482
360,931
321,261
$247,988
$242,897
RESOURCES OF THE YEAR.
Atlantic.
fFor the year ending June
636,950
$1,265,026
Total
Mail
DISPOSITION OF RESOURCES.
Interest on funded debt
1886-7.
$932,825
21,824
12,683
37,052
217,717
44,182
comparison with 1888-7.
711,-^22
Total
48,'.;72
of lloating debt
1887-8
$712,948
Net earnings
1887-8.
$d60,920
24,300
16.134
30,923
181,359
Discoimt
fFor
Net income over operating expenses and rents
RESOURCES OI- THE YEAR.
RESOURCES.
P^quipraent
Interest on floating debt and car trusts
ReduoUon
1886-7.
$1,129,413
900
Construction
1887-8.
Operating expenses (6J-78 per cent of earnings)
21,';51
149,124
RESOURCES OF THE TEAR.
EABNIKGS, EXPENSES, &C.
Express
Other sources
1886-7.
Passengers
Increase of lloatiug debt
Freight
Mall
$591,364
$676,699
Totals
Miscellaneous
Lake Erie & Western.
Total
fFor the year ending June 30, 1888.^
DISPOSITION OF
This company has made one report since its reorganization,
and that was for only part of the year ending December 31,
debt
1888. A report for the full year ending June 30, 1888, has Interest on funded
Rentals of other roads
now been given to the Chronicle and is published below.
Added to sundry property accounts
JBamings from—
Passengers
1,480,856
$617,292
59,407
Net earnings
INCOME ACCOUNT.
1884-85.
$359,813
1,497,819
13.892
17,032
103,987
1,831,613
13.693
48,378
59,267
31, 1888^.
ICLB
1886-7.
887-8.
$451,970
Passengers
1887-8.
Net earnings
To balance
TotSl
$212,897
078
$259,021
$243,875
DISPOSITION OF RESOURCES.
1887-8.
$126,000
Interest on funded debt
40,594
Construction
83,134
Equipment
8,763
Interest and discoimt
531
Miscellaneous
T»tal
1886-7.
$247,987
11.034
$259,022
1886-7.
$126,000
18,987
98,237
651
$243,875
NoyBMBKB
illi:
3, 1838,]
Toledo
(JHIKJMCLK.
Ohio Central.
endinu June 80, 1888 J
Rettirna for the year ending June 30, 1889, hove been obtained exclusively by tbu CuKOMULB, and are given bolow in
CFor
ft
tha year
Sarningi from—
1887-8.
PasBungors
FrelEbt
fi.iriilnt!8
*i)7.o:t2
9.'i9,670
7'.' i,7'.!:.
12,383
7,236
77,068
^2.481
$1,1«7,670
*3(il,407
OperatliiK oxixiiKnK (09-10 nero'c of earo'd in
1887-8, and (;i( 90 por c"t In 1880-7)
Net earnings
072,603
$288,804
12,217
13,979
$340,818
JtKSOURCES OF TIIE TEAR.
Total
ft,830
$360,827
Net over expenses and rents
Increase unrnnded debt
Ueorganlxattou committee
l'.;.:)3'k
808,749
Rentals paid
Netcamings
1880-7.
9110,710
Mail.
Kxpress
OtUer sources
Interest on funded debt
Kentals of other roads
Cimstructloa
E<iuipment
lutciost on ear trusts
Interest ou Uoatlng debt,
$276,!i87
1880-7.
$288,804
410,S58
$371, !91
$705,362
1880-7.
$150,000
13,979
31,123
$150,000
12,217
124.491
35,628
16,070
49-/,750
23,0ii8
$371,291
$705l8a2
2'2,.'?41
4,986
Alabama Great Southern.—The directora place before the
Bhareholders in London a statement of the working of the
line for the Bix tnontlis ending the 30th of June, 1888, as compared with the corresponding peiiod of 1887, aa follows:
Gross receipts.
taxes)
Earnings
Operating exiienses.
1888.
1887.
$735,778
631,468
$714,919
534,403
Net revenue
$104,310
$130,456
increase of $20,800 over the corresponding period of 1887, but this result has only been obtained
by a large additional train mileage. While there ia a considerable increase in the number of tons of freight carried, the
rate por ton has been lower and, in the passenger department,
the additional train-service to accommodate and develop the
local traffic has resulted in but a small addition to the receipts.
Tlie increase in expenses is chiefly accounted for by the additional work performed owing to tlie extra mileage run, and
there has also been a larger expenditure upon repairs of plant
and rolling stock, as well as in respect of insurance, rents,
taxes, &c.
Atlantic Coast Line.— President William T. Walters, of
the Atlantic Coast Railway system, confirms the report that
negotiations have been in progress with the Richmond
Danville syndicate looking to the sale of a controlling interest in
the Atlantic Coast lines to the latter syndicate.
show an
;
&
158, 159, 198, 208, 210. 211, 213, 223, 254, 266. 267, 289, 270,
281, 285, 296, 577. 586, 587, 689, 714, 717, 734, 740, 748, 782, 828,
829, 855, 856, 883, 919. 922, 933, 943, 965, 971, 988, 989, 993,
1009, 1015, 1040, 1132, 1169, 1161, 1181.
—
Central Pacific. The earnings, expenses and fixed charges
for August, and from January 1 to Aug. 31, were as follows.
Tne mileage is 1,361 in both years.
-lugiut.Jan. 1 to Aug. 31.—
1888
1887
1888.
1887.
Gross earnings
$1,5-26,553 $1,367,266 $10,222,057 $3,484,192
Operating expenses ..
833,444
627,837
6,009,642
4,40O,50G
—
,
$093,111
Net income
Fixed cbarges*
$093,111
408,222
$4,158,077
3,305,044
Net proflts
$2o4,8»9
$793,033
'
$739,429
$4,152,415
0,262
$.1,023,680
Includes Interest, rentals, additions and betternMnts, taxes and U.
S.
dues.
Chicago St. Paul & Kansas City— Central of Iowa.—
practical consolidais rumored in Chicago that the
tion of 'the Cbi. St. Paul & Kan. C. Road with the
Iowa Central is likely to occur within the next two
between the
weeks. The present trafiic arrangements
two are very close and as favorable as possible for both
lines, but it is urged that the absorption of the Central by
the Chicago St. Paul & Kansas City would be beneficial to botii
on the score of economy. As Mr. A. B. Stickney is President of both lines, and as the Stickaey following is largely
It
,
,
Jan. 1
1888.
to Sept.
30.—,
$5,582.-.l04
18B7.
t(i,7re,V72
4,003,097
3,886,040
$809,822
402,814
$330,290
158,330
$347,008 $1,578,507 $1 .9.30,220
171,954
1,420,999
1.348,240
$171,954
24,&20
$17.^,054
Additions to prop'ty.
Siiriilus
$147,434
$172,754
Netcamings
Interest, taxes,(S[0...
Balance
2,300
$157,C08
198,150
df.
$381,980
420,:^O
$40,042 df.$44,250
be allotted at par to
h'.
Iders of stock in proportion to the
amount held at the time of issue.
Denver Sonth Park & Puciflc.—Defau't was sgain made
November 1 on the interest on Denver South Park s. Pacific
Tiie road has not earned
operAtinjf exfenses .this
Pacific is owned by the
Union Pacific, it having $6,135,100 stock out of $6,235,400
and $2,797,000 consolidated bonds. The company baa $1,800.000 7 per cent bonds, interest payable May and November,
held by the public. The Union Pacific Company ha^ never
bonds.
year.
The Denver South Park
&
guaranteed these bonds.
The Boston Herald says that Union Pacific has appointed
a committee of directors to confer with any committee which
the Denver & South Park bondholders may select with reference to scaling of interest or reorganization.
—
Dnluth & Winnipeg.— W. H. Fisher, Vice-President and
General Manager of the Duluth & Winnipeg Road, and T. B*
Casey, of Minneapolis, who is one of the directors and
trustees of the road, stated some time ago that a strong
syndicate had been formed to build the road from Duluth to
Winnipeg, and that the contract for the constructioo of 50
miles has been let. A. M. Wright, of Alva, Micb., is President of the syndicate, and the other members are from MinWork is to be comme^ped
nesota, Michigan and Boston.
immediately. The trustees levied an assessment of 10 per
which
was
have been paid before Occapital
to
cent of the
Called Bouds.- The following bonds have been called for
tober 15.
payment
Evangvllle
Chicago South P.iRK Bonds, Interest ceasing Jan. 1, 1889,
numbered as follows: 7, 8, 40,69, 73, 89, 92, 111, 113, 139, President D.
Vet earnings
Kental leased Uncs....
Stplembtr.
1888.
1887.
$783,603
453,273
Concord & Portsmontb.—The stockholders of thii company lately adopted a resolution authorizing an increase of the
capital stock from |.SoO,000 to $500,00!), and providing that it
GENERAL INVESTMENT NEWS.
receipts
months.
.
1887-8.
Indlanapolla.— The
ft
following statement shows the earninBs, expenses, charges,
&C. (including the Cincinnati & Springfield and Indianapolis
ft St. Louis), for the month of September, and for nine
OF RE8O0R0ES.
Total
The gross
;
Clereland Colnnibna Cincinnati
1887-8.
$360,828
10,228
235
Ac
Working expenses (IncludlnK
A special inspeoll'ii party recently made a tour oror
the Cleveland
Canton road.
It comprised Oaoeral ilanainr
Wardwell, Mr. C. H. Wildeii, repreflentlni^ Urar*. 8. V. Whit*
& Co., the New York capitalists F. D. Barker, of New York,
and John J. Hhiper.l, of Cleveland. Mewra 8. V. White &Cb.
had purcbiis(!d f 500,000 of the bonds of the oompaoy, and th*
result of this trip was so favorable that the firm puivbaMfd a
second block of the bands to thereby aeoure contr A of the entire issue.
The amount will be all that is required to complete
the impiovements. The change from narrow to itaadard
gauge will be completed Novuml>er 18.
The branch from
Coehocloa to|Zane8ville will be finished in a few week*, which
will give the road a valuable oonnecUon with the Baltimore ft
Ohio.
&
IB<UtNINU8, BXPiUIHES, i«C.
BISI'OSITION
from QoodUnd, Ind., to Uomonoo, whur* eonnrot<oa I* mad*
with tbo Chicago ft Ea«t«rn Illinoit Railroad.
Clereland A Canton.— The full annual report of PrtiitdaBt
Blood will be found on anotherpsgeuoder "R^porla and DoOainentH."
comparison with the previous year.
Total
t'M
& Richmond— ErangTille &
Terre Hante.—
Maciay, of the Evansville & Tfrie Haute
Railroad, has issued a circular which says the Evan8ville-&
Richmond Railroad, building by the E. & T. R.R,, extends 150
miles frcm Elnora on the line of the EvansviUe & lodianapo
lis Railroad to Richmond, Ind., passing through the best coal
J.
territory in Indiana, as well as impoitant building stone quar-
and timber districts. The company has a sulsidyof
and expects an additional $100,000 under the State
law, whicii is paid in quarterly instalments. The road will
ries
$200,000,
connect at CJrecnsburg with Cin Ind.
make a shorter route to_ Cincinnati,
St.
Louis
Work
&
is
Chic.ard
progreeaii
g
rapidly.
Iflorida Southern— Jacksonville Taiupa & Key West.—
The Florida Southern Railroad Company has enter»d into an
important contract with the Jacksonville Tampa & Key West
Railroad Company, under which the latter assumes the operation of the former on Jan. 1, J889. By the termaof the arrangement the bonds and stock of the Florida Southern are detoeited
Trust Company ot Bo.^tOD as
with the American Loan
trustee, to serve as collateral for a ten-year trust bond, the
interest on which is to be 3 per cent for two years, 4 per cent
for three years and 4}^ per cent for five years, and if the collateral bonds are retired at the end of the period, the Jacksonville company is to have the coUateial. The Florida Suuthorik
will name its own president and guaid the interest of the
bocdholders and shareholders. Thecapital stock of the Florida
Southern is $2,695,400, and there are $2,118,900 of* Brst mortgage 6 per cent bonds. Upon the Charlotte Harbor division
&
mortgage 6 per cent bonds have brea
upon the St. John ft Bust is Road $8»,The Jacksonvilla
.500 of capital stock and $285,500 of bonds.
interested in the stock of each, the consolidation baa long
been looked for, and is now expected to follow close upon the company also acquires the St. John's Bailioad and the St.
Augustine & Paiatba Railroad, commonlv called the Astor
rele.aae of the Iowa Central from the United States Court.
also the St. Johns & H^lifnx Bailroad, ihefcrm»'r
Chicago & Indiana Coal.— Track-laying has been com- roads,
of S. V. White, and is bridging the st. John's lUvar
pleted on the extension of the Chicago & Indiana Coal Koad ' properly
$800,200
issued,
first
and
THE CHRONICLE.
532
I
«t Astor and at Palatka to pive dirfct connectif^n viih the
The be d* of
inst purohased.
the Jacksonville company will b^ issued upon the litter.
These purchises give the Jacksonville company 651 miles of
xoad, and ir, has, besides, soni'^ 325 miles of steamboa' mile&^e. It touches at all of the principnl winter rtsorts in
Florida. It is calculated tbac ihe coi sulidation wdi lead to a
restoration of p ace and general harmony between this
main
line to the
two propertirB
&
system, the Plant sytem a' d the Flo ida Railway
£ation Company. Bost n Herald.
Navi
Fort Worth & Klo Grande.— This road, now in operation
to Granbury, Texas, 40 miles, it is proposed
to extend imm diately to K'-rrvi le, Texas, a point on the San
Antonio & Aransas Pass RR., a total distance of 810 miles.
from Fore W<.rth
KnoxTille & Ohio.— The Knoxville & Ot^io Railroad If ase
io the East Tennessee Virginia & Georgia Railioad has been
ratified by bch companies.
—
Mexican National. The Mexican National Railroad, lunsing fiom C irpus C'lristi aiid Laredo. T< xas, to the city of
Mexico was opened for business on Niv. 1, and jjives the
Wtsc a new opening to MfXico, Hiiherto radwsy conttctioDS between Dnnver and the city of Mexico h»ve been via
8anta Fe to El Paso and then over th Mexican Centrsl.
But the Mexican National will give the Wtstt rn people another and nearr-r route, that is, trom Denver to Fort Worth,
to San Antnnio aid Lirfdo over the International & Great
Itorthern, then over the Mexican National to the city of
Mexico, saving much time.
[Vol..
XLVII.
—
Philadelphia & Reading. There is no rfiicial utterance
yet fs tc thf psjmentof full interest of 7}^ per reit on all
the preferrtd it come bonds rf this comp»n^ on ihe first of
F. bruary next, and it is intimated that the ofKceis will say
nothing on the suVij- ct until the time appr< aoh^s.
The Pi'jlade'phia Record states the case plainly as follows
" The mortgaues under which the three series of preference
bonds have been issued diaiinctly provide that the ea'mngs of
the whole eighteen months enninsj with November 30, 1888,
shall be treated as one sum in the distribution of intfr>-8t payments. The following statement of the situation is semicffi'-ial, and is eitit'ed to the u'most confidence:
"fixed cha'ges, including interest, taxes, rentals, etc.,
sppertaining te both the Reading Coropary and the Coal &
Iron Comparj, Jor eighteen months, will be $12,266,832;
$24,089.(1(0 1st prMtrred ."^B at 71^ per cert, $1802,925; $16,126,000 2d preUrrert 68 at 7}^ per cent, $1,209.4.'>0; $19,762,000,
3d preferred 5s at 7J^ per cent, $1,482,150. Whol.- sum needf d
to pay full interest upon the three series of piefeiecce incomes, $1(1,761.357. In order to meet this ihe dual ci mpanies
have f-lreHdy earner*, in the sixteen months from Ju' e 1, 1887,
to Sept. '60, 1888, $15,266,882; and if they la-n the sau e sum
in the rrmainu g two months as t' ey did in the same months
vf last year, thry will receive $2 818,366. making net rarnings
fc eighteen months $18,085,248. Ibis leaves a mrplus of
$1,323,891 over everything, an amount that cannot be r.-duc€d
to noti ii'g by sny pos.-ible decrease in the earnings tor October and November."
:
—
Rii'hmnnd terminal E«8t Tennessee.— Nicholas Thouron
and William J. Barr, of PhilaOelphia, Charles Slgo de
Myeis opened the pro- Pothonier and Fieoerick J. Butt, of London, England, owners
{Msals this week for the jl.OOO.OOO issue of addiiixnal water of c< mnjon i-nd sect nd preferrtd stock of the East Tennessee
«to(k, fcnd the |500,000 dock bends, pujable in 1907 and ]!U9, Virgin!" & GfOigiii Railway Ci'mpany, have leuun suit at
respec iveiy, at 3 per cent. There w^re twenty-two bidders, Knoxville, Tenn., before State Chancellor Gibson, against the
running fom lOO'SO to 108 31 for Ihe w«ier stock and from East Tennessee, the Richmond & Danville and the Richmond
101 to 110-76 for the dock bonds. The highest bidder in both Tei minal ci mpanii s ai
d John H, loman, Calvin S. Brice, and
cases was the Farniets' Lo«n & Tru->t Con^psny, and the award their associates, who constitute the majoiity of directors in
Whs made ticcordin^ly. It is remarked that the e are the each of the th'en companies, defendants.
highest prices ever paid fore ty bonds and the yield of interest
The plaii tiff- S' ek to restrain the Richmond Terminal from
.to he purchaser is oarely il4 ?*• c^nt.
vot'ne up"n is sti ck of the East Tennessee at the meeting
Norfolk & Western. A statement of the revenue of the Dec. 22. when it is proposed to ratify the East Tenne''ee•^ lease
Uorfolk & Western Ralroad for the firat, nine motiths of the to the R cbmond Terminal also to enjoin the East Tennessee
ftom aiipioving the lease; and, further, to e' join the Richyear has been irsucd by the company as follows
moid & Danv'lle from opera' ing the East Tennessee. Th«
laQQ
New Tork
City Bond><.
— Controller
I
—
;
:
1887
-Gross earnings
Operating expenses and taxes
Nnt earnings
&c
Interest, divldtnds,
Total income
Interest ou boi^ds and car tmse
Bnrplns
$3,591,398
2,198,845
$3,0ii4,303
$1,398,553
107,148
$1,210,206
75,019
$1,505,701
952,427
$1,285,315
$553,273
$372,374
1,794,007
$91-.',9 4l
—
"Northwest & Florida— Alabama Midland. A contract of
eale has Been made of the North .vest & Florida to the Alabama Midland, but the control of th" property d >es not pass
from the N. & F. Co. u itil the flnal payment is made in
JJerember, 1889. The AUbatna Mi'iland is a projected road
from Baii'bridge, Ga., on the Siv. Fla. & Western northwest
to Montgomery, Ala. The Northwest & Florida extending
BOUth froiu Montgomery to Luzerne 50 miles reduces to about
100 miles, the road to be constructed from Luzerne to Bdnbridge. The enterprise is said to be in the interest of the
plant
syst
m.
Northern Paciflc.— Notice is given that the Central Ti us't
will, until the 15 h day of Nove'nber, recfive proand surrender of $238,000 Northnrn Pacific
Railroad »ni1 Land Grant general first mortgage sinking fund
Company
poeals for the sale
6 per cent Kold bonds, par va'ue $1,000 each, but at rates not
exceeding $1,100 per boi d and accrued intereit.
To the extent tha' bonds are not so tendered and purchased
they will be selected by lot on tiie 15t.h day of November next,
and called in for r- demotion on J.n. 1, 18s9, at 110 per bond.
Now Mr. H. B. Laidiaw of 14 Wall Street proposes to
«nable the holders of these first mortgaite bond< to protect
Jjhemselves against the loss resulting from theoperat on of the
sinking fund whereby the bonds areredetmed at 110. althnuxh
the market price is consid-rably above that. This plan is
simply an insurance of each bondhol ler for 75 cents per $1,000
bond that in case his bond is drawn he shall receive in exchange for the same another bond not drawn.
—
Pennsylvania Railroad. The gross and net earnings for
September, 1887 and 1888, were as below stated. On the lines
west of Pittsburg & Erie the net results, after payment of
interest and all charges, is shown in the second table.
LINES EAST OP PITTSBIIBO 4 ERIE.
urnst Eamines
NetEaminan
,
„
,
„
,
.
1888.
JTan. 1 to June 30.. $27.8.58
July
August
JBeptcmber
TotalOmoa
.V«<
1887.
199
4,'22,4U
$2t>,:-70.T18
4,6.54,370
5,390,939
5,385,426
5,022,012
5,006,568
$43,356,976
,
1888.
$8,892,759
1.598,410
2.149,422
1,955,444
1887.
$8,784,383
1.673..541
1,907,536
1,758,195
$41,053,668 $14,396,035 $14,123,655
LINES WEST OF I'ITT8Bt7BO A ERIE.
Burplut or dejlcit after payment of eharget.
1888
Jan. 1 to June 30
July
August
«oiitembcr
Def.$2l9.96o
Sur.
65,888
.8ur.
8ur.
3',
97
9»,234
Total 9 moB. ,..Def. $20,481
1887..
Sur.
Sur,
Sur.
Sur.
$100,782
150,608
241,. 41
238,-12
Sur. $731,943
Dlff. in 1888.
Loss. $3i0.6~2
Loss.
84,720
Ix)8S
202,444
Loss. 144,578
Loss. $762,424
plaintiffs claim that the lease is only favorable to the
Tennessee bondholdeis and
East
preferred stockholders, and it
is alleged that the lease is contrary to the laws and constitutions of Alabama, G'^or^ia and South Carolina, which prohibit
the lease or sale of a railroad to a parallel or competing line.
The hearing occurs Nov. 16 at Knoxville. and Samuel Dickson
of Philad iphia will represent the plaintiff-*.
first
Texas & Pacific— At Npw Orle=ns, October
30, Judge Parthe Untied States Circuit Court relieved Gov. John C.
Brown of the receivership of the Texus & Pacific Railroad.
An < JHcer of the Texas & Pacific Railroad says that at the
next meeting of the directors, on Nov. 15, arrangements will
be made for closing up the reorganization.
dee
of
—
Union Palace Car Company. The Union Pa'ace Car ComEany, which was recently termed with a capital oi $3,000,000,
and patents of the
Woodruff Drawing-room Car com-
as touiiht the plants, rithts, fianehises
Mann Boudoir and
of the
The oiganization
panies.
ferted
of the
new company
hss been per-
by the elec ion of the follow me Boaid of Directors:
Edward D. Adams, of Wiuslow, Lanisr&Co. John H. Inman,
J. A. Gailand,.)ohn Greenough, Daniel C. Corbin. President of
the Woodruff Company; John G. Moore, Job H. Jackson, of
the JachsonSharpe Compat'y, Wilmington, Del.; and Thomas
Mr.
C. Purdy, formerly President of the Mann Company.
Purdy was elected President and Mr. Corbin Vice-President.
;
mpany to
It is the intention of the new
flnr St class of sleeping and parlor cars.
c
put into service the
he two systems of
'J
has atquirtd cover about 13,500 miles of road, including the Philadelphia & Reading, the Jersey Central, the
Long Island, the Richmond and Danville system the 'Stickney" system between St. Paul and Kansas City, and a number
service
it
of smaller lim
s.
Tlrginia Midland.— In the United States Circuit Court in
Virginia a complaint has been filed sgainstthe Vir^iiida Midland
Railway Comiiany,the Richmond & Danville, the Richmond &
West P'int Teiminal Company and the Central Trust Company of this city. The romplairant, A. C. Lare, cl-ims the
owneiship of $38,000 of the cumulative income honds, on
which, he says, interest is due from Jan. 1, 1^85. to the
amount of $9,12J. He sues in rquity for an acciuniing, to
show the earuintiB of the Virjiiiia Midland and asked for an
injunction to prevent the lailn ads or tiust cotnpeny from
applying the earnings to the payment of ony other than
the income toLds. Judge Wallace granted the tesiraining
order.
—
Investors are requested to notice the advertisement of
Messrs. 8, V. White
Co., (ffering November Invtsiments
in ceitain special bonos which ihey control.
&
—The ninth semi-annual dividend of 4 per cent on the stock
of the Northwesit-rn Guaranty
to-day in the Chronicle.
—
Loan Company
is
advertised
Attention is called to the advertisfment of Lieber'g
Universal Telegraphic Cipher, whicb has bteu received with
much favor.
NOTEMBIR
8,
THE (CHRONICLE.
198*.]
J?lcpovts
and jPocuments.
The terminal an<) whMrf pivparty of thb OnmpvBT in th*
^^'" "^ '""*'
'«""y'a*<»«»»'ly located; o»n' ok;
J ^„
do, 2.20n ftHjt front on the river or harb<ir, which is
ln4>Rp«a>
sable for the proper transaction of our coal a id lambrr
bai|>
ness, and having our principil paMenger station only
l,flOO
feet from the public square.
The real ertate owned b* th*
Cleveland
Canton RR. Company in tue city of Clevelaod
including, o' course, all its track, whrf and outside
estat*', compri8<s.'\4 7 in acres, and ii valu-d by
competent
judges to be worth |1.350.000 as me'o land aside from Ito
present use. if from anv cause the railroad should cease to
exist, which is not probable.
TO THE STOCK UOia)EB8 JULY 1. 1888.
The Dirpctors resfiectfuUy present to the Btookliol'lers thia
repo' t of The Cleveland & Canton RR. Co. for the year end-
n^
30, 1888.
you
tlie 'fisult
Tne miTtgage was made as small (b^^ing only lia.JSOO per
le) 88 would enable us from the proce ds to change
the
- -L.
l _
J^^Kf' '^"\^, '."« .".•"?'^*'<^ improvements, and leave the ^^^
of the operation of
m
your road for the twel e months ending June 30, 1H8S, a'ld
would call your attention to a few facts con.ie ted with vour
$.38^,361
i
1.
i
I
railroad and property, and the State of Ohio, wh-re the same
is lo ated, so as 'o give a clear idea of the preseat status, and
at the same lime enable you to arrive at a basis for future
conclusions.
The Kross receipts for 12 innnthg are
TUecxpeuseb for 12 months, la lading taxes, aro
.38
1
Netciiniings for the year
$124,675 08
The forego iig and the annexed tables show that the business has been very satisfactory during la-t year, when we
consider that the n'et and gross' earnVngs,
coTnpareTwith
previous years, have increased very largelv.
.
Ti,-, .,.:.=,>„»
»
*
u
?-..i
t
The present luanageme nt took control of your property
Jujy 1, 1885, whiii it was fiesh from the management of the
receiver appointed liy the Courts of Ohio, in whose hands it
m
had be^n
I
e irniiiKs for the year ending June 30, 1886, wore. $6ii,lfi<J
Theu.terninKS for the year ending June 30, 588_, were.. ^73.-^78
The net earnings lor ihe year ending June 30, 1888, were..
.
.
^
^
material for new construction.
It is hardly
ecessary to slate that t^^e road will earn very
much mo e as a standard gauge, and it cert» inly looks as
tnough a dividend unon the stoTi would be fanly earned before many « onths from the natual and actuaA'ekrkTnis"©*
the properly.
The CI veland
Canton Railroad is well located in th«
Stat*" of Ohio, now fast becoming one of the greatest manntacturing States of this country, running through and into
eight count i s, and located in and doin< business with three
of tri.- principal cities of the State, to wi-.
>^^
With CI- ve and, with a valuation of $200,000,000, and populatio of 250,01 0; with Can'on. wi h a valuation of $13,000,000 and a population of 30.000; and by conneciion with the
Coshocton * Southern Railroal, now being con tructed, and
to be conipleted by D cember 1, a distance of thirty miles
(and which is pr ctically an extension of your road), with the
city of 2^nesville, with a population of about 30,000, there
making connection wi.hthe eutiie Southern and Southwestern
i
additional debts against the property.
The net
.
.
^ ^v'?^ '"T ^' "P"^ '^ u"^l'^ ,^^'"/''
absolutely safe,
"^."^ ^'"'^'^ ^'" ' ™"^'
•*
!
'h^
*®T^
and a liooa
koodinvestrae
Investment.
The farningsof the past year represent actual income de
rived fiom Qrdinsry business, and no charge has been made
for the transports, tion of the company's fuel, or of supplies and
'
operat>-d. during the eighteen months of such reI et
loss of from $40,000 to $53,000, thereby
new and
.
io",?n<','<'wm*'N<"L*''
ceivership, at a
creating
.
""'"'•"es, except its tended indebtedn. s*.
So the entire d tit of the Company will be represented by
|2,00n,000 five per cent 30 year lx)nd<:
making the fixed
chHrges for int-re^t on'y $100,000 a-inually.
Thi'< property has cost over |6,00O,()0O in cash, and in addltion thereto the net earnings of the pa«t three ye«rs (|388y122 74) and the proceeds of the two million dollars of bonot
have been expended upon the |.roi>erty, or will be as soon as
the work of changing the gau.e is compl ted, and wiih the
n>-t earnings of the narrow gauge lust year, |124 dlH, more
'"
~
I
2G06-<6 21
l
w»
&
Without recounting the variius vicissitudes to which this
railroad and jjroporty have been subjected in the past, your
Directors herewit'i reporc to
M
*
THE CLEVELAND A CANTON RR. CO.
ing Junp
683
01
65
;
This steady increase in earnidgs has been accomplished
without ai.y increase of facilitits or additional rolling stock,
we beinii obliged to USB the od equipment f.mnd upon the
road in 1885, which was in poor condition then, and which
h-HS since with liteat difficulty been Kept in working order.
Had we thought it advisable to purchase aoditio al narrow|;auge equipment, the earnings would have been very much
increas d.
The task of taking; the
management of this property, with
narrow-guage equipment, in bad ordf-r, in compntition
with the mant railroads crossing it Mt different points, yet
havini; no practical conntction with it in fact, on account nf
the gauge, together with its pasi record, was anything but
its
encouraging.
No country can posibly develop its natural resources without the aid ol railroads; but this railroad, as originally construe ed, never did and never can serve the public and properly develop the natural rrsources o the country which it
traverses, and yield a return to tha stockholders, until it baa
been reconstructed, and made a standard-gaugr* railroad, for
a narrow-gauge railroad is a delusion, when locat-d as this
road is, in a State or country where all its connections and
surro >ndings are standard gauge.
The stockhold-rs of this Company, at a meeting h'-ld in
March, IS'^T, a little over a year ago, authoriz -d the issue of
bonds of the Company to the amount of $3,iK/0,000, for ihe
purpose of changing the original narrow three-feet gauge of
the road to the standard gauge, and purchasing t-rminal
facilities in the city of Cleveland, now, and for some time
past, used by the Company under a trust agreement, witti a
right to purchase, and upon which it is dependent for the
accomuiodaiion of the greater part of its pas^nger business.
The stockholders, at tne same me. ting, by unanimous vote of
thosf pres- nt, r>-presenting over four-Ufths of the preferred
and of the c mmnn stock, voted to secure this issue of bonds
by a first mortgage upon the railroad, franchise and pr 'perty
now owned or hereafter acquired. Tne bonds so authorized
were accordingly issued to the amount of $3,000,000, dated
July 1, ls»7, payable in thirty years from their date, with
interest at five per cent per annum, and the payment of
principal and interest secured by a first mortgage to the
Internatiorial Trust Company of Boston.
The work of reconstruction was commenced at once, after
the authorization of the issue of the bonds referred to, and
the cost has been paid from the sale of said honds, or by temporarily borrowing money, with the pledging of bonds as
security in some cases, and from the net earnings of the road;
and at thepieseut time all the grading, new bridging and
masonry has b» en completed, the new ties have been laid, and
the new cars (passenger and freight) and engines, and the
new standard steel rails needed for the entire line, will be
delivered on or before Nov. 1, and have been paid for, or will
be paid for, from the sale of the bonds.
The Directors state with great confidence that your rail'oad
will be chang. d from a narrow-g. uge to a first class standardgauge r„ilr. ad on or before the 18th of November, 1888. We
would also state from very careful estimates, and in some
cases these estimates have now become facis, that the net
proceeds of the bonds authorized by the stockholders, $-3,<K)0,000, will furnish the requisite funds to pay all demands against
the Company, and pay for all improvements and the new
equipment, and pay for all terminal trusts in the ci^ of
Cleveland, and for additional wharf property (which, in fact,
has been already bought and paid for.)
I
'
,
&
1
system of
railri
adn.
,
While your property
is
very favora'Jy located, and
is
sure
to increase its business, we would say that all railroad property
in thi- S ate of Ohio has incr^ ased during the past five years,
and in our opinion will show a very mat ked increase during
the next five or ten years.
The St»te of Ohio has an area of 41,000 square nii'es, or
26,<H)0,000 of acres; greatest length from east to west, 225
miles; greatest width north ^nd south, 2ii0 miles; a irontage
on Lake Erie of 1^5 miles; its iwpuliition in 18t>0 over 3,0U0,000, and largely increated since then; valuation of at out
$3,301 ,0()0,(K)0; in the year 1877 tlu re were mined 5,250,000
tonw of coal, and in 1887. ten years after, 10,301, iiCO tons of
coal; the area of coal of Ohio is 10,000 ^quuie miles, as yet
largtly undeveloped; the mdeage of railroads in 18ft7 was:
standard gaugM 9,174 miles, narrow auue 675 miles, being a
total mileage of rai road in Ohio, 9, '49 miles, with a valuatioa
of stock and Ijonds of $90lt,OoO,n(iO.
Thus it will be seen that the Sta'e of O'do has a large mUeage of railroad-* wi bin its borders, and that they are not, as
in many of the West, r^ State.-^ and Territo it-s, tiepend* nt upon
any oiie ci aracter of business for their income; and while the
com, wheat and wool c ops may in some yea s f lil, the coal
crop never does and never will fail for centuries to come.
During the past year the citizens of CantO', with a fund
raised by subscrij tion, purchased and gave your road a deed
of twenty-three acres of valuable land, located in the very
heart of the city of Canton. This gift certainly represents a
value of not less than $35,000. Ujon this 1 .nd we have located our new engine house, tum-ttble and machine shops.
This gift from the citizens of Canton is very gratifying, not
only on account of its great value, but also as showing tha
good will of the people where your roart is located, which it is
very desirable to have, and without which it is difficult to
operate a railroad anywhere successfully.
In conclusion, we would say that you have a valuable railroad pr 'perty, very favorably located, which even now showa
a constantly increasing income from mail, express, freight and
passeng-r earningi<, and with a standard-gauge road, sixty
>
pound
steel rails,
and a new and heavier equipment adapted
to its business; serving an enterprising and thrifty people in a
country of constantly inireasiug populition; running through,
or adjacent to, large and inexhaustible fields of coal of thm
best quality, for which there is a very large and steadily increasing market in the No: thwest; the railroad and eqoipmenl
new and in good condition; and the Company out of debt, so
that the earnings need not, as heretofore, be at once expended
in making improvements and settling trusts and other claims^
it
seems as
which
will
if we might soon enter upon a period of prosperity
compare favorably with the most prosperous rait
roads of Ohio.
!
THE CHRONICLE.
534
All of which
is
TT
respectfully submitted
—
V
Edwabd
A
T>,
Blood,
H. A.
William J. Rotch,
S.
^Ix^ dDommcrcial Wimts.
Flint,
Isaac H. Taylor,
Samuel Allen,
W.
O. Chapman,
William Rotch,
George N. Smalley,
Albert Van Wagenen,
William E. Coffin,
Almon
S.
XLVii,
[Vol.
COMMERCIAL EPITOME.
Emery,
T. Paine,
Henry C. Ranney,
Seth
Friday Nioht. Nov. 3, 1888.
which takes place
next
Tuesday, has become of a more engrossing character,
Directors
lofis schaefer,
and the pre-occupation of business men is a great obstacle to
In speculative circles, however, there
the progress of trade.
THE CLEVELAND & CANTON RAILROAD COMPANY.
Earnings for 12 Months fbom July 1, 1887, to June 30, 1888.
were some events of importance.
The wide fluctuations in
$169,626 43
From Coal
wheat
and
coffee are especially notable. Tae weather has
56
"
70,172
General freight
"
114,674 88
PaeseDKers
been very pleasant and favorable.
"
6,700 00
Express
The following is a comparative statement of stocks of
"
8,72133
Mail
"
The canvass
William Edwards,
Milk and other sources
15,4661U
•....
$385,361 32
for the general election,
leading articles of merchandise at dates given:
1888.
Operating Expenses 12 Months, 1887 and 1888.
$20,320 01
and clerks
2,58109
Statloneiy and printluft
792 02
Outside agencies and advertieing
3,31794
ContiDgencies
Repairs, Bridges, including culverts and
1888.
Nov. 1.
Oct. 1.
1887.
Nov. 1
Salaries Reneral officers
154.50
oattlcgiiards
Repairs, Buldings and fixtures
"
Fences, road-orossings and signs...
"
Roadway and track
6,152 66
1,388 50
46,393 87
11,058 80
15,785 20
6,524 30
2,083 18
14,720 06
12,327 66
5.382 72
6,493 14
11,984 23
"
Locomotives
Fuel for locomotives
Watersupply
OUaud
waste
liOoomotlve service. Passenger
"
'
Freight
"
"
Switching
Repairs, passenger cars...
Passenger train service
«
.station service
Sisal
$124,675 08
August
September
October
November.
December.
January...
Fel)ruary..
March
April
M^y
June
FEEIGIIT
TONNAGE
Coal
Agricnltural products
Grain
Pig iron and castings
Manufactures
Stone, lime, Ijrick, sand and
Live stock
Lumber and timber
Petroleum
27
64
33
00
95
02
73
20
22
Expenset.
mi.
$20,339 97
20,581 38
22,931 73
24,368 90
22,544 12
21,793 00
20,827 24
19,905 25
20,436 64
21,355 16
23,244 51
22.360 36
$8,695
1?,515
13,260
15,733
11,137
1,645
500
299,900
78,913
18,365
1,825
333
325
499
27,840
3,100
None.
10,000
74,000
None.
7,500
63,200
5,150
3,700
None.
9,350
77,000
None.
7,225
135,465
5,500
2,000
None.
12,750
6.600
6.600
3.788
117,726
Western and 8'70c. for refined
for the ContineLt.
The specula-
tion in futures has been dull at variable prices, a smart ad-
Dec. delivery
dellveri'
but to-day there was
DAILY CLOSDIO PRICES OF LARD FUTURES.
Saturd'v. Mond'y Tiiad'y. Wedvsd'y. Thurtd'y.
~' Friday.
c.
c.
c.
Jan. delivery.
Feb. delivery
c.
March delivery. .c.
May
lost,
closing.
c.
""
8-50
8-38
8-33
"
830
831
8'38
8-39
8-40
8-41
8-32
8-40
8-35
'"
8-42
8-36
837
8-39
8-40
8-42
8-57
8-46
8-46
8-45
8-49
8-52
I
I
|
I
8-44
8-41
8-40
8-42
8-44
8-45
8-50
8-41
8-41
8-43
8-46
850
I
|
,
7,258-28
2-20
2,620-f,0
•70
-50
1,848-84
20,351-48
824-09
12,881-23
987-74
1.042-03
17,448-25
tile.
331 362-32
614
-28
3-89
•29
•31
5-27
100-
20,144-95
BALANCE SHEET JUNE
30, 1888.
Dr.
$11,496,924
138.152
42,585
56,217
4,929
18,416
25,422
17,500
7,119
S?,t'„SLP''"n"i?;.V
Purchase of trusts
Rolling stock
flpecial property account,
*<upplies
Deolt balances
Interest on funded debt...
Bills receivable
Cash
14
39
21
10
26
60
12
00
17
$11,807,266 OS
Or.
'.
."1.:... "..:
1
::;::
810 694 791 00
797800 00
i^i;sgg II
1241675 08
$11,807,266 08
l^___^
i-o""<-"
A !.,'.?"'"?.*''
I""* "'P^Pertyta $327,72013 expended
)nstructIon '°*'i.'**''?^®
•
In changing the gaugc.J
W.
'
927
987
940,795
None.
748
2,500
39?,600
98,789
24,083
2,237
9,601
15,240
46,064
39,688
248,138
129,546
121,600
3,013
None.
1,451,832
None.
2,805
Lard on the spot shows some further depression in sym.
pathy with the decline in corn, and the close is dull, but about
steady at 8c. for prime city, 8 55@S-60e. for prime to choice
Nov. delivery
30
28
60
10
83
7,01102
4,851
15,217
49,065
44,518
179,683
57,188
45,367
In other provisions prices are without decided change.
5,705 4!)
Coffee on the spot has met with a very good demand from
6,464 95
10.518 58 the trade, and to-day the sales embraced
8,000 bags Rio, part at
fi5
10,488 49
88
11,25137 lajsC. for No. 6; also large lines of West India growths on
43
11,893 07
private terms, The speculation in futures has been fitful. A
$385.361 32
$260,686 24
$124,675 08 sharp decline in responre to a break in the Havre market was
FOR YEAR ENDmG JUNE 30, 1888.
followed by an advance yesterday and to-day, closing firm,
with sellers as follows:
Tom.
Per Cent. November
13-350, July
13-300.
13-70o. March
13-450. April
December
13 30c. August
1330c.
265,044-86
79-98 January
13-40c. May
13^30o. September.... 13 SOc.
975-02
-29
13-400. June
February
13-300.
Tons yielding revenue
Supplies for eomp.iny's use
^eteanuugs
and sacks
some recovery and a steady
30, 1888.
Mercliandise
Miscellaneous
Capital stoclr.
Funded debt
Unfunded debt
bbls.
9,135
9,700
50,589
44,034
121,359
40,532
45,367
2,912
None.
985,691
None.
1,442
4.000
335,600
85,062
20,542
vance on Wednesday being goon
MONTHLY STATEMENT OF EARNINGS AND EXPENSES
$29,035
33,096
36,192
40,100
33,681
28,804
26,532
26,370
30,955
31,843
34,495
34,253
bales.
bales.
bales.
hemp
Flour
$260,686 24
JUly
bags.
pkgs.
bags.
bags.
Manila hemp
Neteamings
Earnings.
No.
Linseed
Total operating expenses and taxes
June
bbls.
bales,
bbls,
bbls.
bbls.
Saltpetre
Jute butts
$249,286 24
11,400 00
Jitly 1, 1887, to
hhds.
boxes.
bags, &c.
hhds.
hhds.
Rice, E. I
Rice, domestic
397 52
From
bags.
bags.
mats
Tar
2,076 .57
5,658 97
Taxes
bales.
Spirits turpentine
71595
Station supjilics
Tol)acco, foreign
Coffee, Rio
Coffee, other
Coffee, Java, i&o
Hides
Cotton
Rosin
479 85
220 02
350 99
204 70
38,206 67
Switching service
Rents paid
tcs.
Molasses, foreign
Molasses, domestic
16,115 52
17,105 84
PerFonal injuries
bbls.
hhds.
Sugar
Sugar
Sugar
Melado
29373
"
Supplies
Repairs, freight sars
Freight train service
"
•'
Supplies
Telegraph expense (maint'g and operating)
Damage and loss to freight and baggage....
Damage to property, including cattle
Agents and
Pork
Lard
Tobacco, domestic
O.
CHAPMAN,
Treasurer.
in
lu
|
I
Raw
is
sugars declined, leading to more activity, but the close
again quiet, at 4 15-16c. for fair reflnitjg Cuba and 6c. for
Molasses in better supply and new
Orleans sells at 53@55c. Teas sold at steady prices,
withFormosa oolongs doing slightly belter.
Crude petroleum certificates have been without particular
feature, and close at $84@84i^c. Spirits turpentine declined,
centrifugal 96degrees test.
crop
New
but to-day was steadier and fairly active at 4.i}^@4A}4c.
Rosirs are dull at $1@$1 05 for strained.
Kentucky tobacco rules firm; leaf is quoted at 6@14o., and
lugs 3^(g5i^c. Exports in October were 8,005 hhds. Seed
leaf continues in fair demand, and sales for the week
are 1,705 cases as follows: 300 cases 1887 crop. New England
Havana, ll@3oc.; 100 cases 1887 crop. New England seed,
14@19c.; 240 cases 1886 crop, Pennsylvania seed, T^@\2}£c.;
15U cases 1887 crop, Pennsylvania seed, 9@123^c.; 100 cases
1887 crop, Pen n. Havana seed, 16@28c. 65 cases 1885 crop,
Penn. Havana seed, 14c.; 350 cases 1887 crop. State Havana,
10i^(a20c.; 150 cases 1887 crop, Wisconsin Havana, 7@ 12c.
100 cases 18S7, Ohio, Q%c. and 150 cases sundries, 5@35c.; also
400 bales Havana, 60c.@fl 10, and 150 bales Sumatra, $1 18@
$1 90.
On the Metal Exchange straits tin is dull at 33c. on the spot
and 2275c. for January. Ingot copper nominal at 17'35c. for
lake, November delivery, and domestic lead BJ^c. for November. Interior iron markets are dull and some manufactured products the turn cheaper.
;
NOVKMBER
THEroHRONlCLE'
8, 1888.]
COTTON.
Friday. P. M.. Nov. 9, 1888.
_^__
I'liK Movement of the Crop, a« indicated by our telef^rami
from the South to-night, is given below. For the week nndins
this evening (Nov. 3), the total receipts have reached 270,630
bales, against 270,707 bales last week, 303,263 bales the previous
week and
250.644 balee three weeks since, making the total
receipts since the Ist of September, 1888,1,557,649 IxUes, againit
3,038,745 bales for the same period of 1887, showing a decrease since September 1, 1888, of 481.096 bales.
In addition to ftboT«M(pona,onrtel«KranM tonight kkWKlT*
OS the following amoanta of cotton on hipboard, not elmnd,
at the iKirta named.
add Bimilar flgurea for New York,
which are prepared for our special us* by MeMrs. Cterer. Tale
ft Lambert. 84 Beaver Street.
We
On SMpboeara,
Wor. 2,
0rtat
New
Orleani..
10,991
None.
8,900
None.
None.
None.
1,100
None.
o<—
Seceiptt
Hon.
Sat.
3,078
9,374
Tuet.
Wed.
4,864
8,807
Thurt.
5,473
tH.
Total.
0,276
.'52
36,871
18H
9,233
1,414
74,752
7,188
45.064
10.502
21,466
136
NewOrleuis... 12,997 13,020 21,335 13,442
Mobile
018 2,015 1,196
784
4,725
861
Total 1888.
100.169
Total 1887...
Total 1880...
105.313
93,811
Bavannah
..
.
.. ..
Galveston..
Norfolk
..
New York
Other ports...
OoaH-
12,231
Nona.
«st^
IMai.
Wofttffn
1.820
4.000
7,700
4.500
31,049
17,000
8.500
15,000
1
MobUe
not el*arut~/tr
Other
BrUMn.
Oharlestou
Galveston...
1 ndlanola, Ac.
685
2,8.50
4.431
3,000
10,250
5,000
Rone.
3,100
8,200
10.440
7,400
None.
None.
37.592
4.000
14,000
19.200
46.5S0
27,000
1»,8&0
20,000
15,991
41,712
30.290
188,162
429,80»
30,108
21,155
70,830
33,616
23.420
23.270
229,671
484306
171..152
49«,13S
300
e,fiOO
14313
02^54
47/>41
Florida
Bavannah
7,029
8,35D
8,437
Charleston
Port Royal,ibo
4.933
4,870
1,973
6,437
4.062
2,801
Wilmington
1,319
2,487
2,566
2,122
Brunsw'k,&0.
&o
Wasli'gton,
8,335
6.471
3,937
6.500
3,252
1,885
29
Norfolk
5,633
r.,032
7,851
West Point, (to
New York
•1.097
2,245
5,318
98
329
35
271
229
201
140
Boston
Baltimore
Plilladelplila,<Ssc
4.146
2,164
The speculation in cotton for future delivery at this maxket
222
222 was comparatively dull for the first half of the week under
2,434 12,813 review, and prices gave way. The decline at the close of
37
60 Tuesday was 9® 10 points from the cloae of the previcus
Fri-
8,021 7,781
4,840 11,804
246
84
SOS
417
53
360
371
477
113
413
35,524
30,468
009
1,832
804
927
Totals this week 43,958 46,337 54,047 42,578 36,096 .10.520 279,5.16
For comparison we give the following table showing the week's
1888.
Balveston
TM*
Week.
..
38,871
£lPaso.<&o.
188
74,752
New Orleans
Mobile
Florida
7,186
Savannah
..
Brunsw.,Ao
Charleston ..
P.Royal. JiC
WUmln^n
45,064
10,562
21,466
222
12,813
.
Wash't'n.Jto
Norfolk
66
35,524
30,468
W. Point, Ac
New York
69it
Boston
Baltimore
...
Phil'del'a,
Ac
1,832
Totals
1887.
I
Since Sep1, 1888.
Thit Since Sep.
Week. 1, 1887.
253,015 43,494
305,606
1,223
390,516 92,598
61,616 11,215
993
1.809
323,019 48,507
1,412
31.013
148,238 17,097
548,814
72,171
9,095
426,909
11,601
1,230
7,190
211,407
5,310
87,579
390
388
157,220 28,454
104,273 30,317
1,618
326
5,132
5,016
172,025
165,064
1,417
15,665
2,798
59,448
894
927
3,938
7,323
1,031
236
936
671
3,50?
279,536 l,557,64»|289.174l2,033,745l
1888.
1887,
1886.
Galveston.
New Orleans
Mobile
43,491
92,598
11,215
48,507
18,327
7,578
28,454
30,347
8.654
35,511
73,500
12,047
47,200
Cbarlest'n,Ao
Wilm'gt'n, Ac
Norfolk
Point, Ac
All others
37,059
71,752
7,188
45,061
21,688
12,879
35,524
30,403
14,914
25,9.10
Tot. this week
279,536
289,174
We
and the stock
Savannah
..
Wt
681.177
1884.
we
Lo»
.»lb.|
8,530
37,131
18,937
12,958
33,538
103,315
12,767
42,971
24,831
4,992
28.965
11,432
8,C11
25,802
82.637
12,405
40,763
31,632
5,419
29,306
20,402
8,675
21.920
100,042
18,127
38,495
21,311
7,009
34,744
11,028
10,322
271,665
274,422
257,041
267,604
Exports
/ron-—
Oreat
MiddUng
New
...
4.S10,
Orleaas.
19,«to'
...
Week.
nent.
a.ROO,
7.140
B.)Od MiddUnjt
Oood Middling...
I019
I
23.153
13.006,
Charleston...
WllminKton
Norfollt
»,270
.
,
14,011
iW,T9l'
Oreat
Oontinent.
S>.\
j
...1
">««'•
5.078j
37.016
9,823
31.866
11.011
48,558
18.886
31,818
20.791
6ae27
'
West Polnt,4o
ie.31S
13.088
142,838
ss.ite
New
York..
Boston
Baltimore
.
Philadelp'a'Ac
Total
To'A) 1887
35459
I
U.6|)9
7.879
D.Oia
...
8.688
180
...
2,865
2,068
...
1,1)28
7.405
11,277
9.976
|
1
MIddUng
Good Middling
Strict Good Middling
12.775
58.041 188.880
516.819
95.501' 1B.B5B 101.879 218.886
668 799
16.159
lOis
10>9
10%
10%
10%
10%
11%
10% ;io%
10% 110%
11% 11%
Mon Tae* Wed
6f
ll\»
8%
isl
8%
I
I
13.480,
67.065
7B„
I
8%
8%
I
I
im
Fair...
STAINED.
Sat.
Slb.l
Strict
I
Low .vriddllng
8,888
S,79S
802,4t«
sn.oot
fl8,3il
SPOT
S7,6H6
89,983
31,843
65.638
18.088
31M.e6(
39.4S8
30.678
18.570
656
(N.B78
CIS,,
75,,
«"i«
8''8
97,g
9Ji,«
'
9»j«
9lJ,„ 91-S»
IQig
10>«
i
MlddllngPalr
Good Ordinary
Good Ordinary
613,,
7614
8U.
0*18
9»,8
9l4,e
11% >ll%
Sat.
T»,;
8%
I
non Tnes^Wedi
Th. Frl.
ei'ie
!,'«
8%
8'8
O'ls
9>'l«
8'8
9Ti«
9l»„ 9">«
10>«
10>«
107a
lO'i
10>3
lO'a
11>«
•11 >«
Cb
8%
6»8
608
6%
Th. Frl.
6%
6%
O"*
9^4
9<«
e^
a^
7B„
,
I
9<»
7,ise
0.895
22.440
2.658
114.630
lOSli
j
8'g
878
87,
97,,
9'i«
97|,
9'lts 9ll„l 91I",
•
9l5|«i 9l» ,1 916 ; 8IS
IOI4
1014
10^4
loV
ICa 10>s IOI1 1019
107,
lO's
IOI1
107g
,111^
iiJs
in-j
I
Low MiddUng
i
The total sales and future deliveries each day during tbs
week are indicated in the following statement. For thecocvenience of the reader we also add a column wiucb shAws at a
glance how the market closed on same days.
I
5«.5»! 213,960
9.870
'
1038
I
9
Florida
BaTannah
2i'«
913,,,
".lOig
10%
10%
11%
GULF.
Ordinary
Btrlot Ordinary
Good Ordinary
Btrlot Good Ordinary
LowMlddllnit
7*18
8I4
KASEKT AND SALES.
36,811 10.773
99.810 S9.S98
7,489
K.231
Mobile
St"
Sept. 1. 1888. to Sor. i, 1888
Britain, France
Frl.
8%
9»,g
...
Strict
Btrlot
I
9li,.
Exported to—
ContU Totol
I
BrU'ru]^"^'
QalvestoQ
From
Exported to—
Tk.
6il,«
611,.
7«,«
8\
MiddllDg
*Vop. 2,
611,,
Z?I6
8>4
,
Middling Fair
Pair
The exports
for the week ending this evening reach a totn 1
of 183,830 bales, of wliich 114,630 were to Great Britain, 16,159
to France and 58,041 to the rest of the Continent.
Below are
the exports for the week, and since September 1, 1888.
6U,g
MIddlini;
Strict I..OW
MIrtdliiiK
1883.
fllnoeSept. 1. 1557,649 2038,745 1615,460 1662,875 1692,871 1733,511
Week Ending
Wed
;inonTae*
Sat.
I
Ordlniry
Btrlot Ordinary
..
3.Tod Ordinary
Strict Good Ordinary.
,
.
—
—
UPLANDS.
617,470'
1885.
—
—
5,339 bales, including 2,076 for export, 3,383 for consumption,.
for speculation and
in transit. Of the above
baleswere to arrive. The following are the official quotationa for
each day of the past week Oct, 27 to Nov. 2.
41,812
8,415
112,804
10,000
7.959
5,547
In order that comparison may be made with ither years,
give below the totals at leading ports for six seasons.
BeeeipU at-
Liverpool fluctuated widely, but did not have much
were watching the South, where stocks were
accumulating and some weakness was shown. The passing
of what may be termed the crucial period in October without
killing frosts led to the pretty general abandonment of crop
estimates below 7,000,000 bales, though it was assserted Ihat
wet and cold bad been unfavorabl«t to the maturing of bolls,
day.
effect here.
and was especially unfavorable to the "bottom crop." On
Wednesday the opening was weak, but Ellison's estimate, that
7,100,000 bales of American cotton will be requir<-d to meet
Slock.
the wants of the cotton world, gave etrenjjth to the market.
The close, however, was easier, in sympathy with the
1888.
1887.
Southern markets.
Yesterday there was some advance
on the stronger accounts and the comparatively small
86,753
77,424 crop movement.
There were al-;o reduced cfferings onSouthern account.
To-day an easier opening wss fol116,048 217,333 lowed by a renewed show of strength,
with Liverpool slightly
16,924
23,629 dearer, and private advices of an unfavorable crop report
from Memphis. Cotton on the spot remained without quota90,190 118,993 ble change, but developed some irregularity in tone. Low
14,357
grades were in large supply and weak, while high eraies were
55,898
53,700 comparatively scarce and very firmly held.
To-day the
713
1,423 market w.as quiet at 9 13-16o. for middling uplands.
20,550
27,062
The total sales for forward delivery for the week are 833y900
bales. For immediate delivery the total sales foot up this week.-
total receipts, the total since September 1, 1888,
to-night, compared with last year.
Beeeipttto
Nov. 2.
;
404 .9Sn l.l«7.nB8
KASKR
OUJSaik.
£»
port,
1
Con-
lump.
1
0at..lQulet
1,623
.ao8
Total'
'
370
145
424
283
167
321
2.076
3.263
Tues. Quiet
Wod. yniet
Frl.. Steady
1.698
^
lU.
«>«.|*-«.f2sr
S^ili M;9(i0t
"••
1
-
:":::
1
....
....
""'
•
5, .J.-
.>...».
BVt>
The daUy d'>livenes Ktven atove are aotoally, delJTerad Ike
p.-evlooa to (hiton wn on they are reixjited, ,
.._.
Cajr
THE (HRONI'UE.
536
The Sales and Peicks of Futures
i^oe comprehensive table
are
[Vol.
X uVIT.
Tbb Visiblk Supply op Cotton to-night,
shown by the follow
as made up by cab!e
an follows. The Continental stocks, aa well a
those for (Ireat Britain and the afloat are this week's returns
tnd consequently all the European figures are brought down
to Thursday evening.
But to make the totals the complete
flgures for to-night (Nov. 2),. we add the item of exports from
the United States, including in it the exports of Friday only,
and telsKraph.
:
;
is
1888.
1887.
1886.
5took at Liverpool.... .balea
ttook at London
283,000
7,000
438,000
37,000
345,000
Total Great Britain stock.
«took at Hamburg
't>>oft at Bremen
BtODk at Amsterdam
Stock at Rotterdam
290,000
1,700
8.400
2,000
475,000
3,700
36,600
18,000
200
361,000
900
300
500
1885.
383,000
11,000
la.OOO
394,000
X,300
32,400
25,000
1,400
16,600
6,000
400
400
72,000
2.000
29,000
5,000
5,000
146,000
2,000
10,000
4,000
9,000
1,100
124,000
4,000
28,000
7,000
11.000
2,100
91,000
2,000
34,000
7,000
8,000
Total Continental stocks
125.900
230,400
1^19,500
205,200
Total European stocks....
India ooiton afloat for Europp.
41.5,900
705,400
44,000
606,000
45,000
681,477
269,752
32,213
560,=00
41,000
44,000
670,687
599,200
27,000
477,000
28,000
690,483
2t7,;»39
22.>,860
Antwerp
ir^w^k at
Btookat Havre
iUMtt at Marseilles
Stock at Barcelona
%tock at Oenoa
Stuck at Trieste
24,000
410,000
17,000
617,470
194,. 51
liner, cott'ii afloat for Eiir'iw".
EKypt,Brazll.(fec.,»tttforE'i'pe
Stool In United States portc.
Stock In U. 8. Interior towns..
Onlted States exports to-day
18,965
4'J2.000
20,i
00
57,^24
Total visible supply
1,697,786 2,386,812 2,066,126 2.105,367
Of the above, tlie totals of American and other descriptions are -»s folio ws;
ATncTican—
178.0''0
Liverpool stock
bales
C 'atlnental stocks
A nerlcan afloat for Europe...
U iited Stales stock
United States interior stocks..
CI.OOO
410,000
617,470
194,451
18,965
UaltedStatesexportsto-day..
Total Ainerloan
B€L$t Indian, Braeil,
Liverpool stock
Loudon stock
Uontl-w-utal stocks
105,000
7,000
64.900
24,000
17,000
U^ypt, Brazil, &o,, afloat
Total East India,
Total American
<Seo
»....
Total visible supply
New
f3^ The imports
684.4 7
269 752
32,213
265,000
124,000
477,000
690,483
2 5,860
57,824
17S,000
16,000
98,500
41,000
44,000
204,000
37,000
17O.400
44,000
45,000
118,000
11,000
81.200
27,000
28,000
217.9fiO
500.4ro
374,500
265,200
1,479,836 1,886,44-.; l,6.il,H.6 1,840,167
1,697,786 2,386,842 2,{J60,l'2a 2,105,367
5'4d.
5'8d.
5Hibd.
S^igd.
Price Mid. Upl., Liverpool
PriooMld.Upl..
170,000
101,000
482,000
670,687
2i ,939
20,000
.1,479,886 1,886,442 1,691,626 1,810,167
Europe
nfloat for
•la
—
i£c.
231,000
60,000
6o6,o00
York....
9i6c.
gSjeO.
9i3iec.
into Continental porta this
g^so.
week have been
20,UUO bales.
The above figures indicate a decrease in the cotton in sight
tn night of 689,056 b-ilet aa compirdd with the same date of
1887, a decrease of 368,340 bales as compired with one corresponding date of 18j6 and a decrease of 407,531 balej as
compared with 1885.
AT THE Interior Towns
—
movement
the
that is the receipts
the shipments for the week,
and the stocks to-night, and the same items for the corresponding period of lo87 is set out in detail in the following
week, wnd since Sept.
for the
1,
—
stat/em nt.
«
o
'S|^3
o
Sro
(» Jb
S.3.0
gg.
3%
?Ka
O
B^
4
.
.
SB
pi 'aa
aa
I; Pi
1^
—W
M
.
1
h'
9
03
to
Co
H
o
'
|||o.
aoto;&oa<;o:o
O
C5
j.cooooootoif*->acoi^;Qif^xco;;t«
I
I
COOr-tOCOOOW
VJ^'JDOCC3)UwUO-vJC30it>rf^<^09CDQOi
I
to
M
10
fr3
fcO
hs c&
to
•
Jndndes sales In Sepiember, 1888,
September, 165,300.
We Have luoiuiieu in tun auove taoie, luiu ahau uuutinne
wee* to give, the averaxe price of fatores each day for each moatli eaeb
It
mil be found under each day followluf? the abbrevlacton '• Ave'.'
The
»ver»(?e for each luouth for the wees Is also xlven at bortom or
tabl*.
Transferable Ordon- -Saturday, 9-50o.; Monday, 9-50o..
riio...a.
^400.: Wednesday, 9-450.: Thursday .9-5t'o.i Friday, !/-50o.
for
I
X o -4 3)
M
.--40COXOSOrf^ifkO»;
Ml-*®
._ ,
-I
»0!OSpt*-^OC7<0
ta
CO
CO
to
"-
o»
b
Oxwxoojatoj
xto*^Vi*irfk'igVjcD'--'^Go"bta'b>*x©*x
'J'l
WW
'
S
J;
^t:Ot9Vito-<4tor'aDic:o^C3g3CO:;<j*a|
—
^^
The following ezctmnges have been madedurmu cne • eet:
-64 pd. to exch. 100 Jan. for July.
•11 pd. to exch. 500 Dec. lor Jan.
•22 pd. to exch. 50o Nov. for J an
•23 pd. to exch SoO Nov for Jan.
47 pii. to exih. 500 Jan. tor Ju.
e.
'12 pd. to exch. 100 Dt
o. for Jan.
•44 ikL to exoii lOiiNi.v forMch.
10 pd. to exch. 1,200 Feb. for Moh.
-n2 pd. to e»ch. hW) Nov. for Uto
•18 pd. to exch. 2> O Nov. tor Ueo.
•91 pd. to exch. 2,000 Deo. tor May.
I
2'' pd. to exch.
1 2 pd. to exch.
•
0-
I
,
I
pd.
32 pd.
-12 pd.
'5 1 pd.
-12 pd.
200 Nov. for Jan.
600 Ddo. tor Jan.
June for July.
to exch. loo
100 Deo. for Mch.
100 Nov. for Dec.
to exch. 3,5
Dec. lor May,
to exch.
to exch.
to exch.
700 Deo.
for Jan.
1i i-A toevuh. .'00 Nov. for Ueo.
10 pd. to exch. 100 Nov. tor Deo.
'08 pd. to exch. SOO June tor July.
^
O
01
I
0|
01
-1
I
CO
oj
CO
pt
"^
M CO 'yb"^) Vj
cniacc-iojxi
Oil
QO
^ to >©
O
-J"
w3ioy«o
to
— — ^J^ WCJ^-"**'*-pWp;-ipW;-3tCG0
b
b — to*--ib o* — b £
*-t>>
'?
Si
lob - b 'yb b
lf^tOO)tOXl->Cgf-O0tO^r't0t<9Q'»Ut0»
OdOiCPr-COXtO
1^
ifr. •
5|S
M
M
tCMW
b
i
:
wx
c;«»
WM»cw
tOjgco*.cotop
lob:oV«it*-Vb'-^Vi<iik'j:bo'x'bio'jt
i
*4^eO'^OCStOr-0)£)*i©if*OO^yiCiB
'
O
CO
CD
O)
:
to
M o
(D
,
I
M;
aowbo)-^b*
plOp
o>o*'^o^^
j»;
OOOOOr^lOOi
The dcartM
Ot
to
I
I
»• MtSOM t-iWO)!— I^S>-]
yi t OS to 3S
V03)^l^^00: CO *- !0 ^
ODOIOOACO^tfCO^
O M CO -J to
03
4;>*
tor liaauriilQ in tH»ti yeiini are
figxires estimated,
,^ ^
*
I
if>-
•net."
If^
li
T'
.=•
^
I
fTMs
year's
NOTEMBGR
THE CHRONICLE.
3, 1888.1
The abov? totals show that the old interior HtnckH lia*e
twireaufi during the w«ek Sl.OVi bnleH and iir»> to-ninht TS.SOl
The re<-i<U)tH at
batea less (hau at the same period last yt^ar.
the aame towns havp been 34 514 bales leim than thp x-im«
last year, and since September 1 the receipts at all the
towns arc 39').007 bales ^.y* than for the same time in 18s7,
Quotations for Middlino CkyrroN at Othbr Markkts.—
In the table below we Kive the closing quotations of iiiidillina
cotton at Southern and other principal cotton markets for eaoE
day of the past week:
week
OLOSINO QUOTATIONS FOB
Week ending
QalTestou
Satur.
Hon.
Tutt.
Wtdnet.
Thuri.
9>«
USs
S\i
S"*
»'ie
9'4
gas
96l6
9»1«
9»i«
9>i
9»i«
95 ,
9>i
9'|8
9>ie
8"l«
8>>ia
9>i
91,8
tl'"
...
Mew Orleans.
HoMlo
Siviimiah
.
8i»i«
9=8
..
Wlliiiiii({ton
93^^;
St. Ix>ul8
Clnciunatl .
Loulsrllle ...
.
9«s
9''ealO
9%
9^
10^
OH
lOifl
MempUls
ft"*
»>a
gTesio
Boston ,.-,.. g'eailO
Baltimore ...
»H
Plilhi.Uilphla
AiiKiiHta
9',.»ii
9''l8
9>«
Norfiilk
OV
8i»i«
...
CImrliviton
MIDDUNO OOTTOH ON—
Ois
9»9
H^ie
938
O-a
»'i(i
S'aalO
9«8
'.)4
gns-'lO
9'e»10
OH
IQis
9>«
ICs
ID'S
OH
94
OH
f">16
95ig
9'l8
9SB
O'a
KH
OH
9\
ID'S
Frl.
938
838
9>3
9^
9?
9'^IS
«4
ti%
9'u
9>,e
»»B
9>,
9>a
9>«
Receipts from the Plantations.— The following table
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor
Southern consumption they are simply a statement of the
weekly movement from the plantations of that part of the crop
;
^hich
finally
Wetk
Ending—
reaches the market through the outports
BeceipU at the Port*, St'k at Interior Toums.] Rec'pt* from Plant'ne
lHn7.
1886.
1888.
1886.
1887.
{
1886.
1888.
I
1887.
I
8ept.28
Got. 6
" 13
••
19
28
Not. 2
••
ISfl-l'SSMTlSlZ'SSa; 7«.e6«'ll«.981 61,474
187 166 25'.,186 180.56H
|2!tO,28S S!7H,»7« »50.«44
280.818 271.799 263.26.1
268,4*t 29I.9S4 270.707
271,665 g8a.l74 279 836
lll.SIS 147.9«9| 98.210
14.1 852; ITfl 580 18« H67
1!<5.'21 22».7u0 174 9TI
828.997 288.753 IXaSSO
279 68» i01,8«l 2-.fl.9n2
—
The above statement shows
1.
That the
I
IgeB.
170.!»-5 276,l52'l5S,S«S
i!86.0S7 280.824
282,565 308.4S7
S0-i.48T 8«l,wiy
801,959 SS 1.887
H82.359 3g2 3«2
2»<,1I6
303.05 b
total receipts
from
227,304
2M.I01
298 567
the plantations since September 1, 1888, are 1.761,176 balee;
in 1887 were 2,316,876 bales; in 1886 were l.ti47.0H0 bales.
3.
That, although the receipts at the outports the past week
were 279.536 bales, the actual movement from plantations was
303,058 bales, the balance goiatr to increiiSH the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 332,383 bales and for 1886 they were
383,353 bales.
—
T
Rainfall for the
an
637
month
inr-h.
huling, Texas.—
ot October nlMty-foar hundivdllM of
Om
shown' haa fallen h«Te thto
flrt«f<n handredth« o* Ml
Average tbermomeU-r "12, hi^hea'. 80 and lowMt OS.
Riinfall for ihe month of October fifteen hnndredtba of aa
wp»'k,
Inch,
light
the prroipi'alion reschin^
inch.
Columh'a, Texas.— We have had dry wpathernll the week.
The thermometer has averaged 70, the hiKhen being 85 and
the lowest St. Riinfall du'ing the month of Octot>er four
inches and eighlyf' ur hunclrpilths.
Lfiero, Texas.
No rain has fallen all tho week. The thermomeler has averaged 79, ranidng from 70 to 88. Riinfall
durinir Octol)er three Inches and forty-two hundredths.
Hrenham, Texat.-The weather haa been dry all the week.
The thermoraetfr has ranged from 51 to 88, averaging 49.
OctiVer rainfall two inches and seventy-seven hundrw lth«.
Belton, Texas.— Them hss been no rain nil the w»-ek. Average thermometer 69, hiKhfst 84 and lowest 53.
October raiafall two inches and f. rty-nine hundredths,
Weatherford, Texas. We have hail dry weather all the
week. The thermometf r has avoragt-d 60, the highest being
80 and the lowest 40. Or'tober rainfall nil.
Shreveport, Louisiana.— Telegram not received.
New Orleans, Louisiana. It has rained on two days of
the week, t^o rainfall reaching flfty-flve hundredths of an
inch. The thermometer has averagfd 71.
'olumbfts. Uinsissippi. It has rained on two days of th«
wpek, the rainfall reaching five hundredth') of an in' b. Daring the month of Ocober the rainfall reached two inches anil
ninetv-lour hundredths.
belanii. in.isisstppi
There has been no rain all the week
The thermnmeter has averaged 634, the highest bi>ing 81 and
the lowest 39.
Hree'ivilie, Mississipni.
Rainfall for the week, six hundredths of xn inch.
The thermometer has averag^ed 59,
raneing from 45 to 74.
Clarlcsdale, Mississippi. There has been no rain here
8inie last report.
The weather has been very favorable for
—
—
—
—
—
—
—
cropi.
Vinksburg, Misstssippi.-'^eAeifUAra not received.
Helena, Arkansas.-Thero has been no frost yet. There
has been a precipitation of twelve hundredths (if an inch (ooe
light shO'^er) during the week.
Cotton is coming in faster,
Tne thermometer ha? averaged 66, r-nging from 40 to 78.
Octi'bi'r rainfall three inches and forty hundredths.
Little Rock, Arkonsas
The past week has been dry excepting oi e d.y, when we had a light sho-ver, the precipitation
leacning iwenty-one hundredths of aa inch. Average taermomeier 60, highest 79 and lowest 41.
Uemphis, Tennessee. Light rain fell on Friday last and
rain is now th'eutentd. The rainfall reached four bundredchs
of an inch. Picking and markeing have made good progress. The thermometer h.is rangad from 43'5 to 78, averag-
—
—
Amoctnt of Cotton in Sioht Nov. 2.— In the table below
the receipts from plantations in another form, and add
to tnem the net overland movement to O -r, 1, and also the ing 00.
etashville, Tennessee.
takings by Southern spinners to the same date, so as to give
we give
— It
has rained on two days of the
twenty-one hundredths of an inch.
Average the mometer 60, highest 76 xnd lowest 38.
Mobile, Alabama — It has t>een showery on two days of the
1888.
1887.
1886,
188ft.
week, the rainfall reaching thirty-eight hundredtba of an
Receipts at the ports to Nov. 2 1,557.649 2,038,745 1,615,466 1,662,675 inch.
The weather has been very favurable for picking. The
Interior etookfl on Nov 2 In
206.527 278,1311 231,624 240,794 thermometer ras averaged 65, tbe hii(he8t being 80 and the
excess of September 1
lowest 51, Rainfall for October two inches and forty-eight
Tot. receipts from plantat'ns 1,764. 1762,316,878 1,847.090 1,903,669 hund'odihs,
3^,4rt2|
2i,910
Net overland to Oct. I
9.092
19.635
Uunlwiinery, Alabama. We have had no rain all the
3'^.0O0
2i»,t>00
36,000
35.000
Southern oonsumpt'n to Oct. 1.
week, Tly weather has bf en dry and warm, aad now threatTotal in slgbt Nov. 2
1,809,268 2.391,338 1,898,725 1,955,579 ePH rain
The thermometer has average>d 63, ranging from
46 to 76. Rainfall during October five inches and thirty-nine
Northern spinners' takings to
Nov. 2
282.637 338.1-2 232.646 2^.439 hundredths.
iubnm, Alabama. The week's precipitation has been
It wUl be seen by the above that the 'lecrease In amount In stgbt to' eight hundredths of an inch.
Average thtrrmometer 69*4,
night, HS compart d with last year, is d8'^,07i> bales, the decrease a*
compared with 1886 la 89,457 boles and the decrease from 18a5 highest 75 and lowest 44.
8'lma, ila >ama. T-I^gratn not received.
Isl4ti,311 bales.
Uatitton, Klortfta. We have had rain on four days of the
Weather Reports by Teleoraph.— Oar reports by tele- week,
tbe rainfall reaching three inches and eighteen hungraph tu-ni;<ht from ibe South indicate that under the irflu- dreotbs The thermometer baa averaged 73, the highest being
eoce of genirally favorable weather cooditioi s picking has 86 and ihe lonfst 50.
(joiufHtm^, (feoryia. Thf re has been ram on two days of
made good progress. The crop is being; marketed quite fie ly.
the week to the exient of three inches an i thirty-four hanQalvetott, Texas.— Tnere have been lii^ht showers on two dredths. The thermometer has averaged
63, ranging from 47
days of the wt^ek, the rainfall reachii g r(>ar hundredths of an t.. 76
Sanannah, Oeorgia.-Vfe have had rain on three days of
inch.
The thermnme'er has ranged from 63 to 83, averaging
During the month of October the raiufall reached five the week, the rainlall rrathing two inches and eighty-nine
73.
hundredtliB.
Average thermometer 61, hlgbeet 83 and
inches and sizty-tvi o hundredtjis.
lowest 51.
taUsittte, tewiM. We have had dry weather all the week,
Augusta. Reorgia. The weather continues favorable and
Average thermometer 67, highest 88, lowebt 46. During the thn c op IS doing well. Rnin fell on three da.> s of the week
month of October the rainfall reached one inch anJ fifty-four to the extent of one inch and forty-t^o nundreiiihs. Cotton
IS comi g in freely.
The thermometer has ranged from 43 to
hundredths,
October rainfall rix inches an J tairty-sevrn
80, av' raging 58,
Huntsoille, Texas. No rain has fallen during the week. hundredths.
Jhurlexton, South CaroMna.— Rain haa fallen on three days
The thermom<-ter has averaged 70, the highest being 90 and
the lowest 49. Riinfall dunng the mouth of 0..tober two of the weeir, the rainfall reaching eivhcy-aeven huadreUhs of
an inch. Aveia^e thermometer 65. highest 78 aad lowesi 54.
inches and sixty-seven hundredths.
Stateburg. South Carolina. We rad rain on three days in
Dallas, Texas. The weather has been dry all the week. the eai ly part of the week, the rainfall reaching one inch and
The thermometer has averaged 64, ranging from 43 to 85. twenty iiuudiedtha. Pickine U p'-o^re-Ming fairly well. Tae
thermomt-ter has averatied 59 7. ranging from 45 to 74.
Rainfall du> log October seventy-five hundredths of an inch.
Wilson, North Carolina.— It has rain»-d on two d .ys of the
San AntoHM, Texas. There has been no rain all the week. week, the rairfall reaching seventy-four nundreitns of an
The thermometer has ranged from 60 to 87 and averaged 74. inch. The thermometer has sveragta 59, ran|[ing from 44 to 70.
substantially the
amount
of cotton
now
we«-k, the rainfall reaching
in sight.
|
I
I
—
—
—
—
—
—
—
—
I
—
—
—
THE CHRONICLE.
538
The following statement we have also received by telegraph,
•hewing the height of the rivers at the points named at 3
o'clock Nov. 1, 1888, and Nov. 3, 1887.
[Vol. XLVII.
—
Jdte Bdtts, Bagginq, &c. But little attention has beei»
paid to bagging since our last. Buyers are only filliog nmall
orders and make their purchases go as far as possible. Prices
are nominal at 11}^® 14c. as to quality. A moderate trade ia
reported in juts butts, and small sales are reported of paper
grades at 2J^@2 3-16c. and bagging qualities at 2i^@3JaC.
East India Crop.— Messrs. Gaddum, Bythell
Co.'s
report, dated Bombay, Sapt, 28, contained the following
Crop accounts from the Berars and Khandelsh are very satisfactory
but in Gvizerat and Kattywar the drouglit continues, and in many parts
lit the latter district the outlook will bo very gloomy should rain hold oft
,
Xov.
Inch.
3
Feet.
Above low-water mark.
Above low-water mark.
Above low- water mark.
Above low-water mark.
Above low-water mark.
Few Orleans
Memphis
Kaabvllle
Btnereport
Tloksbarg
*
Below zero
!fov. 3, '87.
'88.
L,
3
Inch.
7
Feet.
1
3
13
16
1
1
11
9
'3
s
4
of gauge.
Oreat
BHCn.
1888
1887
1886
l88S
Shipment* Since Jan.
thit week.
Shipmentt
s.o'oo
2,000
5,000
4,000
Continent.
Oreat
Britain
Continent. Total.
2",6o6
Meeeiptt.
1.
Since
Jan. 1.
Thit
Week.
Total.
3,000 1,300.000
9,000 1,500.000
9,000 1.431,000
7,000:1,022,000
210.000 629,000 845,000
308,000 083,000 l,0.=i 1,000
7,0C0 324.000 080,000 1,004,000
4,000 219,000 473,000 691,000
s'.ooo
According to' the foregoing, Bombay appears to show a
decrease compared with last year in the week's receipts of
6,000 bales, and a decrease in shipments of 5,000 bales, and
the shipments since Jan. 1 show a decrease of 206,000 bales.
The movement at Calcutta, Madras and other India ports .for
the last reported week and since the 1st of January, for two
years, has been as follows. "Other ports" cover Ceylon,
Tuticorin. Kurrachee and Coconada.
Shipments tinee January
Shipment) for the week.
Great
Britain.
Cotiti-
Tblal.
nenU
1.
Oreat
Britain.
Continent.
26,000
99,000
60,000
127,000
86,000
226,000
Calcutta—
1888
1887
Total.
Madras1888
1887
7,000
4,000
1,000
1,000
8,000
5,000
39.000
55,000
10,000
12,000
49,000
67,000
4,000
1,000
5,000
500
71,000
83,000
34,000
34,000
105,000
117,000
13,000
5,500
136.000
237,000
104,000
173,000
240.000
410,000
AUotbers1888
1887
Total
500
aU-
1888
1887
2,000
1,000
11,000
4,500
:
much longer.
India Cotton Movement from all Ports.—The receipt*
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Nov. 1,
BOXBAT BEOEIPIS AKD SHIPMENTS FOB rOCTB TBAB8.
nor
&
The following
is
from the Bombay Cotton Company's report
of like date
There Is little change to report In crop prospects, and the continued
absence of rain in tlio districts mentioned in our last report is causing
some anxiety. A good downfall ot rain is now required, except in the
neighborhood ot Cawnpore. The damage reported to the Cawupore crop
has, it is feared, not been over-estimated, and a short outturn from thi.s
district Is probable. From the other Bengal districts, however, the reports are so far favorable. In the Kattiawar peninsula hardly any rain
has fg.llen, and rain Is urgently required for the young plants. A tew
showers have fallen in the neighborhood of Broach, but more rain Is
needed. Up to the present time this crop has done well, and a timely
fall in the next few da.vs would go far towards assuring a good crop. Irt
parts of the Southern Mahratta country rain is still needed. There is at
present no need to take a hopeless view of the outlook in general, for if
thete is a good fall of rain shortly prospects will be favorable. In the
Berars the plants are ripening rapidly, and there is ever.v prospect of a
largo Oomrawiittce crop this coming season.
:
Ellison's Annual Cotton Review for the Season of
In our editorial columns will be found an article in.
which we give the figures from Mr, Ellison's annual review
of the European cotton trade for the season of 1887-88, as re»
ceived by us tc-day by cal 1".
1886-87.
—
—
SHIPPING News. The exports of cotton from the Uniieci
States the past week, as per latest mail returns, have reacned
149,758 bales. So far as the Southern ports are concerned, these
are the same exnorts rer><-irt*id hv telegraph and published inthe Chronicle last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursdav.
Total baits.
Liverpool, per steamers Anchoria. 859
AriItaly,
Celtic, 1,573 .. City of Rome, 2,110
zona. 168
8.053
3,343
4,855To Hull, per steamer Santiago, 4,955
Lciianto, 1,491...
1,691
To Loudon, per steamers Holland, 200
1,928
To Havre, per steamer La Champagne, 1,928
Lahn, COO
850
To Bremen, per steamers Elbe, 250
900To Hamburg, per steamer Wielaiul, floo
567
To Amsterdam, per steamer P. Caland, 567
Noordland,
To Antwerp, per steamers De Kuytcr, 2,350
4,181
1.831
40O
To Copenhagen, per steamer Danmark (additional), 400
Nbw Yobk—To
'
week show that the movement from
otherthan Bombay is 7,500 bales more than the same
The above
the ports
totals for the
For the whole of India, therefore, the total
last year.
hipments since January 1, 1888, and for the corresponding
week
eriods of the
two previous
years, are as follows
Federico, 5,252
....Strabo. 4,043
:
EXPOBT8 TO EUKOPE FBOU ALL IKDLA.
1887.
1888.
Shipments
Europe
to all
from—
Total
1886.
ThU
Jan.
13,000
845,000
240,000
5,000 1,051,000
5,500 410,000
7,000|l,004,000
1,000 251,000
13,000 1,085,000
10,500 1,461,000
8,000 1,255,000
Bombay
All other ports.
ThU
This
Keek.
SlTice
week.
1.
Since
Jan. 1.
Since
Jan.
week.
1.
—
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.
Alexandria, Egypt,
1887.
1888.
Oct. 31.
Receipts (cantars*)This week
Since Sept. 1
150,000
503,000
ThU Since
week. Sept. 1.
1886.
190,000
726,000
170,000
612,000
ThU Since
week. Sept. 1.
This
week.
Since
Sept. 1.
exports (bales)—
7.000
3,000
Total Europe
*
34.000 12,000
16,000 3,000
57,000 11,000
18,000 3,000
50,000
10,000
10,000 50,000 15,000 75,000 14,000
60,000
Te Continent
A oantar Is 98 pounds.
This statement shows that the receipts for the week ending
Oct. 31 were 150,000 cantars and the shipments to all Europe
10,000 bales.
Manchester Market.
—Our report received by cable to-night
from Manchester states that the market is quiet, and that the demand for both yarns and sheetings is improving. We give the
prices for to-day below, and leave those for previous weeks of
this and last year for comparison :
1888.
8^
32s Cop.
TwUt.
d.
7^8
7'8
7'8
7''8
Nov.
^Wa
• 888
mSH
8838
aRas
Coll'n
a>$.
8.
6
6
6
d.
8H
Mid. 32( C<yp.
IwisC
Uplds
Mid.
Ibi.
Shirtings.
TJptds
Franeisca, 6,847
1,290
500-
Sculptor, 3,384
25,926;
10.003
To Havre, iier steamer Buenos Ayrean. 10,003
5,582
To Bremen, per steamer Montauk, 5. .582
To Barcelona, per steamer Heruau Cortez. 4,065. ...per bark
4.515
Voladora, 450
2,000
To Malaga, per steamer Heruan Cortez, 2,000
Moiui.E— To Liverpool, per steamer lloraclides. 7,45»
Savan.vaii—To Liverpool, per steamer Emiliano, 5,733
To Barcelon.i. per ^teamer Benita, 4.300
Chakleston- To Liverool, per steamers Bessarabia,
7,4.59
5,733
4,300
3,980....
8,277
Corbis Bay,4,2l»7....
4,074
Havre, per steamer Deak, 4,"74
4,0^0
Barcelona, per steamer Benacre. 4,050
1,415
Salerno, per b.irk .\urelia, 1,415
1,080
Genoa, per bark Sirena, 1,0S0
Pedro,
Galveston—To Liverpool, per steamers Clare, 4,550
11,981
2,624.. .. Thomas Turnluill,4,^()7
4,727'
To Havre, per steamer Queen. 4,727
4,819
Wilmington— To Liverpool, per steamer Ashdell, 4.819
5,000'
NoUFOi.K—To Liveipool, per stoamor Bellini, 5,000
Palestine,
Boston—To Liverpool, per steamers Iowa, 2.431
7,456
Scythia. 388 .. Venetliiu, 2,517
2.120
800
To London, per steamer British Queen, 800
1,565
Baltimobe— To Liverpool, per steamer Nova Scotlan, 1,565
1,255
To Bremen, per steamer Donau, 1,255
PHiLADKi.i'HiA— To Llvcrpool, pcr steamer British Princess,
2,428
2,426
To
To
To
To
149,758--
Total
particulars of these shipments, arranged in otir usua'form, are as follows
Amster
dam, Barce- Sal-
The
Antwcrp lyna
NewYork..
N. Orleans.
Mobile
Savannah..
Charleston.
Galveston..
Wilmlngl'n.
Norfolk....
Boston
Baltimore..
PhU'dclph'a
erno,
Bremen and
and Genoa
Hull and
<t Ham- CopenLonMat- and
don. Havre, burg, har/cn. ago, Naples. Total.
1,790 25.315
8,053 0,616 1,928 1,750 5,143
10,003 5,582
6,515
4-'^.02G
21,926
7,459
7,459
10,033
-.
4,300
5,733
4.074
4,050 2,495 18,896
8,277
16,708
11,981
4,727
4,619
4,819
5.000
5.000
8,2,56
800
7,456
2,820
1,565
1,255
2,426
2,426
'
Total
1887.
Bhirtingi.
To Genoa, per steameis Alsatla, 690 ...California, 600
To Naples, per steamer California, 500
New Orleans— To Liveriiool. per steamers Bernard Hall, 6,395
Liverpool.
^
88,695
7,410 20,732
8,587
5,148 14,665
1,285 149.758
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates :
GALVESTON—For Liverpool—Cot. 30— Steamer Cyi>hrenes,
For Bremen- Oct. 26— Steamer l.\ia, 2,800.
New ORLEANS— For Liverpool -Oct. 26-Stcamer Statesman, 3,640....
Oct. 27— Steameis Cuban, 2,103 Washington City, 6.301.
Sir Garnet Wolseley.
For Havre-Oct. 30— Steamers Nantes,
,
d.
s.
®7
®7
^7
®7
®7
»7
6
d.
75
516,8
5^8
738 ®8
516.
738 ®8
733 as
511
738 '»8
d.
s.
d.
8.
d
7>3®6 9
7'aa)6 9
5 l^ae 9
5 7'aa6 9
7iaa6
7Js'a6 10
5
5
53ig
514
514
514
;
;
For Bremen—Oct. 27- Steamer Federation, 6,622.
.
For Antwerp— O ct 30— Steamer Nantes,
November
im: CHKOMCLIv
n, 188?.)
Amy
For Ueval—Oot 80— Bteaiiion
Dora,
.
For Hreincii— Oi't.
"J".)
30—
.
— .strainer
Miiu'olii.
.
<"HABi.i;«T<)X— For ItrciiiiMi— Oot. ;iO-.HteHiiiur OleDKolI, 8,000.
Wilmington — For Llvnrpool— Ort. 'J.'> — Uteaiuer Maoodoulu, 4,Hll....
Oct. :iO— Stennier Durliiioro. -1.000.
^on^ol.K— For Livoruool— Oct. 27— Steamer Narai\|a, 2,010
Oct. 29—
SU-aiucr Marjiiuid, (i.mo,
Boston— Fo^.lvoriiool -Oct. 23-Stoamer Virelalan, 3,305
Oot. 20—
SleaiueT Cutulouin,
....Oct. 30-Steauiors Buliturlan,
;
fvniiHiiH
"^^^^^^^
For Viiniiouth-^ot. 28—Steamer Yiiniioiitli. 100.
BiLTiJioHK— For Llvcrimol— Oot. 3J— Steamer Baltimore, 4,616
Oct
;i0— steamer Oranniore,
Pnil.AOKi.rniA— For Liverpool- Oct. 3C— Steamer BriUsli I'rinoe, 2,030.
Cotton f reiKbts the past week have bean as f oUowa
.
Uon.
Tuet.
Liverpool, steam <l.
»33
"m
»aa
"32
*:ia
DovlaGl'ss'w.d.
Havre, steam
e.
....
.•••
....
....
....
Satur.
Do
sail
Do
\
\
e.
Bremen, steam
•
•
Wedna. Thurt.
%
\
...•
.-..
.••
Ol.
Ol9
\
»8
65'
03*
"l.
616
».«
'l*
.-.,
O9
....
....
• •>.
ss
58
H
.*>>
....
....
70
....
65*
•.•
...
65-
H
H
Do via London .d.
Beval, steam
d.
65
\
....
d.
sail
»;.a
^
e.
Amst'd'm, steam. e.
Fri.
.--.
via I.eithd.
BamhuTK, steam c.
Do via Loudon d.
Do
"a
a
*>•
...*
h
»a
....
Baroelona.steam d. Lisa's
38
•8
%
%
38
Uuuoa, steam .. .c2. 'ie«=% Slh®% 6,8® % 018*38 6,g®38 "laass
a8®7„ 38®7,g »e®7,g %«7„ 38a7,g
Trieste, steam. ..<*. =837,9
Antwerp, steam d. *32^''l« •sa-a^is »3a<*'i« SsaaSiB »3a»»i« »3«aSi8
* Per 100 IDs.
Liverpool.— I5y cable from Liverpo ol we h ave the followfag Btatement of the week's sales, stocka. &c. at that portOct 12.
4alea o( the week
bales
Of wliieli exporters took
Of wliicli speculators took.
Sales American
.
Actual
exiJort...
t"orwar<lt'd
Total stock— Estimated
Of wliioli American— Estlm'd
Total import of tlie week
Of
wliicli
Amount
Amerioan
Oel. 19.
.yo». 2.
50,000
3,000
1,000
36,000
6,000
49,000
78,000
4,000
4,000
58,000
59,000,
270,000;
161,000;
36,000;
2.^0,000
1,50,000
44,000
6,000
65,000
253,000
29,000
120,000
,
atloat
Ocl. 26.
7,000
60.000
48,000
39,000'
152,000
18,000
2.000
1,000
3,000;
3,0001
152.0001
73,000t
56,000'
180,000
38,000
7,000
61,000
233,000
178.000
Sli),000
78,000
191,000
Of whicli American
105,000! 141,000| 170, 000
184,000
The tone of the Liverpool market for spots and futures each
•lay of the week ending N ov. 3 and the daily closing prices
••f spot cotton, have been as follows
Saturday Monday. Tuesday.
Bpol.
Market,
M
Weak.
t2:30 P.M,
Mld-UrlMP.
Qnlet.
(rregulur.
5%
513,8
-Bales
7,000
I
-Spec&exp.l
Fuluret,
Market.
12:30 r.M.
Market,
4 p. H.
S.OOO
1,000
500
SasT
J
ateadr.
Wedna.
at
1.04 deollne.
Tkurtd'y.
6%
8,000
500
SteaOT •• at
5%
10,000
1,000
51I16
10,000
1,000
Kiiy at
1.64 decline.
Steadr.
Barely
steady.
Rarely
steady.
Steady.
Basr.
PteailT.
500
partially
I.<54ad.
vance.
j
j
8,000
Qnlet at
.84 adv.
fiartlallr
Friday.
In bayers'
Irregular. Moderate
favor.
demand.
5%
Mld.Orl'u*.
Firm.
The opening, highest, lowest and closing prices of futures at
Liverpool for each day are given below. Prices are on th e
basis of Uplands, Low MiddUng clause, unless otherwise stated.
5
BREADSTUFF S.
Boldlrr rrluo«,
-;
Jl.ircelona— Oot. 30— Itiirk Alli>|«ni!ro llnnch,
.M.vvANNAii - For Llvonxiol-Oct. 20 - Steiiiiier Berra, 5,e5U....Oot.
Stoainor Cli>or<), 3.H00.
For Ilromcii— Oot. HO— Stcnmcr (iothonliiirK City, 7,450.
ItKl'X^wicK— For Uiivro—Oct -9 -Htoaiiicr Kosslitre,
l-'or
639
The price*
Cr
63
aiui
are given in pence
6 01 nteam 6
64/*..
and e4(A* thuti
5 63 meant
1-64<1.
Sat., Oct. 27.
Oven Bish Low.
IttoD., Oct.
29.
Op«n HlgA havi.
CIoi.
Tuea., Oct, 30.
0pm
High tow.
Clot.
raiDAT. p. M., JTov. a, IMH,
.
The market^ .for „
flottr and meal ahowad a kooI deal of
strength to valuHs durino; the flrat half of the waak a«4ar
r«view, ani on WeilneAdiiy there was onalderabte bajrloc
for export, with locil dualera supplying thxir want* witS
•ome degree of free loin ; but on thirs Uy the ah«rp daoUa«
in wheat and corn brought trid'^ aim n'. to a •taad-iUll, aat
uniettled value). To-day the market wa8 dull anl uoMttlel.
Buckwheat 11 >ur has fallen aharply during tbe waok.
Toe ^hsit market was q<iite bu'>yant at timii during th9
flrst half of the wdek uaier review, apjouUtloa for the riia
b<>iag stimulated by a reduced movemtat of tb)croplntha
Northtvest.
K tpreeentativei of f<ireUa h3ii8iiW(>r4 altsrnately buyers ani s^llera, A shirp deslia') y-xtarday
something of a feature, attributed to
mlpulatioa at tha
West, To-day there was an early deoliae la fucurei, wbish
was partially recovered. Wheat on the spit wis dull anl
nominal. Choice spring growtiis h^H for extram > valuej,
DAILT 0IX>8ma FBICES OF KO. 2 RED WOTrKB WniAT.
_.
,
wm
m
Man.
Bai.
November dell very
December delivery
Wed.
Tuei.
Thurt.
Fri.
1 13»8
1
13>4
1
10^
1
o.l 15:u
1 17M
1 ISii
1 16'4
1 17i>8
1 15'4
1
12»«
1
SOU
48\
49^8
49»8
4898
*9\
48'4
40
477.,
1
14
14'4
1
lOU
ll£
January delivery
116'* 1 13'i) 113%
lie's
Maydelivery
o.l20"s 1 20?i 122
1 21'4 1 IS"* 1 IS"*
Indian corn, though weak and unsettled in dealings for
future delivery, did not decline materially until yesterday,
when there was a reduction to the lowest values that hiva
been quoted in a long time. The lower prices led to a large
business for export, and to-day there was a steadier mtrkec
OAILT CLOSISO PRIOBS Or HO. 2 MIXXD OOBK.
Sal.
Mon.
TUet.
Wed, Thmr$. rri.
48''8
November cllverv
47 1«
0. 49 3»
48<g
48^8
December delivery
January delivery
0.
0.
48'Sh
48 >4
MaydeUvery
48i«i
0. 47 »i
4818
47%
47»g
473»
Oats have declined in sympathy with com, but to-day the
market was steadier chough only moderataly active.
DAILT CLOaiNO PBIOBS OT NO. 2 HIXBO OATS.
November delivery
0.
Deoemt>er delivery
.Tanuary delivery
May delivery
Rye is quiet.
Wed. Thuri.
JW.
30
Bo's
SO^
si's
31
31
32>«
82
32
34>9
34aii
34.^
briskly but at lower
Sal.
Mon.
Tuet.
30^
32>a
Bo's
Sl^i
32ig
35
35
30^8
Sl^g
32>4
S43t
0.
31>>a
c.
e.
Barley has sold more
prices.
The following are the
closing quotations:
PLOVB
nne
$2 753$3 45 Southern bakeri' and
3 253 3 75
family brands
Spring wheat extras. 3 C5» 4 20 Rye (lour, saperUne..
Minn, clear and stra't. 4 753 6 25
Fine
Wintershijip'ijoitras. 3 75a 4 10 Ooru meal—
Winter XX and XXX. 4 25 » 6 00
Weetorn, Ao.... ....
Patents
6 009 7 •2.'>
Branilywlne
8.lothern supers
3 20a 3 75 Buckwheat flour, per
Soath'n com. extras.. 3 859 4 40
lOOlbe
V bbl.
$4
4
3
50*
00»
5 73
4 60
00*3 60
8 10* 3 25
8 309
2
....
90* 310
OBAnr.
Vaeat—
Rye
c.
per bush. .. 1 07
Spring No. 2
.1 13
Bed winter No. 2.. .1 11
1 00
Uod winter
105
White
C tTQ West'n mixed. 47
Bpriii;?,
—
West;nmlxedNo.2.
•Steamer MO. 2
Western yellow
Western white
al 40
State.Vbo.
«1 15
•31
Oata-MUed
White
12
»1 20
«1 18
»
No. 2 mixed
No. 2 white
a
43>a3
49
Barloy—
48 ;h
Canada No. 1
49
49
50
«
a
«
...a
51
Two-towed State..
Six-TowedState....
Buckwheat
0.
o.
65
28
70
32
39
9
»
30 9
S0>a»
33 9
92 9
80 9
9
85
70
31
34
94
81
88
a 75
The movement of breadstuffa to market is indicated in the
statement below, prepired by us from the figures of the New
Yotk Pioluce Exchange, \Vh first give the receipts at Western lake and river portd, at ranged so a-i to present the comparative movemeut for tbo week ending Oct. 37, ItM), and
-^iace August 1, for eacn of the last three yejir«:
OtetipU ot-
Wheat.
Flour.
OUoago
45,461
Oolnth
71,315
Oata.
Barter.
1
|
Buth.MUu Biuk.S3ll»
357.167
810,721
110.735
Ullwaakea...
Com.
1
BM<.19A»m' BiuKiO Ibt
1,998,933
33,980
«»«.
Bu.8«U«
1JB67,588
71,000
104,530
66.M6
8,914
•••••
40,810
206.089
1
i.
-October. .. 5 42
Oot.-NoT... 6 31
Nov.. Deo... 3JZ5
d.
d.
5 43
5 SI
6 28
5 43
5 31
5 24
5 24
feb.. March 524 534
Uar.-April 525 5S5
5 24
6 84
5 24
9 85
April-May.. 527
5*7
DecJan.
Jan.-Fel>.
..
..
May-June..
624
5 84
5'.i9
5 87
5 89
585
5 29
543
5 31
5 2B
524
5 84
6 21
6 25
5 27
5 89
Wednes., Uct. 31.
Ojwn HiQh Law. CiM.
d.
<L
i.
d.
'November 629 829 827 888
Nov. -Dec... 524 5 84 6X2 522
Dec-Jan. .. 6 22 6 23 821 5 31
.
Jan.-Feb. .. 5 82 5 83 5 21
Feb.- March 6 28 5:8 5 81
Mar.-Apill
5 S3 5 24 5 82
Aj)rtl-May.. 5 2S 5 85 5 24
May-June.. 587 537 6 86
June-July.. 588 6 28 5 28
6 31
521
823
824
886
888
d.
d.
d.
d.
838 838
939
8 28 539
983 623 883 8 23
5 81 6 28 5 31 512
8 38
581
5 39
8 89
5 22
5 81
8 81
923 822 8 23 5 82
5 23 82S 538 583
5 24 6 85 5 24 984
f.t•^ 8 87 836 938
d.
d.
d.
6 40
8 40
6 39
530 9»0 689
525 5 25 5 24
S23 5-23 5 22
5 33 52a 5 2i
6 24 524 638
525 5 85 5 81
5 86 626 5 2H
5 28 5 28 988
Thnra., Nov. 1.
0pm
d.
H<«k Low. Oae.
d.
d.
FrlM Not.
0pm
Blgh LOW.
d.
989
939
6 31
6 83
838
683
984
988
9 88
il.
Clot.
a.
d.
d.
d.
828 8 33 5 2H
8 23 5 38 628
521 531 8 81
8 81 8 81 621
538
623
5 29
5 30
5 24
588
523
6 30
5 82
5 '.22
5 22
533
838
585
527
588
883
683
988
834
6 82
5 22
523 533 8 24
536 6 24
536 6 37 628
9«. 528 688
5 24
6 21
5 31
823
522 523
623 523
683
983
889
987
889
688
683
636 638
938 917
689 919
5 83
6 24
Klnneapollj.
1,445,910
Toledo
4,668
6,475
5,884
91,930
2.125
157,930
i»l,060
36.688
184,178
33.000
67,749
8,418
13,140
288,850
84.000
41,759
41.887
170,388
839,000
1377.888
3.380.037
1.979.798
l.MI,873
lasjKsa
Jamewk.W.
271.473
383.906
4,058,668
837,393
8,695,919
3,189,880
1,499,148
1318,758
Same wk.'SO.
U48,184
760,794
897,489
473*7
«WTI>
30.177.690
3(I.783J3»
30.317.03*
8,033,ll»
il4M.mi
a6,7«a309
a6,aH^4as
Detroit
Cleveland.
..
iULooIs
Peoria
Tot.wk.W.
9 36
988
989
uum
8<iu< Auii. I.
1888
1887
1888
8.898.704
43.186,818
80.106.088
OHUMT
8388JM
•<B3M
The receipts of flour and gram at the seaboard porta for th«
week ended Oct. 27, 1888, foUow:
8,346.090
8,6133>6
38,190,034
4S.875.98S
Flour,
d.
9 84
87?
19398
AtNew Vork
bbl:
127,012
Boston
75,775
Montroul
19,120
Philadelphia... 25,136
Baltimore
47,229
RIoUuioud
5,380
Norfolk, Va
New Orleans...
10,463
Tr*«af,
biuh.
463,100
2,120
29,080
123,304
33,927
8.4K.1OT
fr«M.
464,000
227,160
l.'>l,7.->0
6,250
19,114
195,576
80.180
33,042
17,277
40,800
205,990
37.550
Oorii,
buth.
Oatt,
b>uh.
14,<>-0
651,531 1,603,314 1.045.62J 234.507
Oor. week '87.. 346,090 1,361,169 1,058,771 1,008,796 435,986
Total week. 310,1 15
Syt,
Barley.
bueh.
956,150
146.170
198.840
46.140
89.129
19,899
6iia
1,800
11,500
8,2»4
22.494
12,77?
THE CHRONICLE.
540
The pxports from the
undine Oot
Mxportt
27, 188S.
several seaboard ports for the week
showa in the aanexed statement:
Com.
Vheat.
from—
are
OaU.
Flour.
time
in 1886 the total shipments reached 176.162 packages,
in 1885 were 152.284 packages. Although the demand for
plain and 'ol red cottons was l^ss active than in the previous
week, a fair business was done in some descriptions, and there
was a good steady movement in various sons on account of
and
Peat.
iJye.
[Vol XL,VII.
former tranpactions. Prices ruled fii-m all along the li' e, and
stocks ar^ in remarkably good shape as a rule, and by no
means reundant, Brown ebeetings, adapt d t> conversion
6i;i53 I'urpo.oes, as siteen cloths, light browns. &•,.. are largely sold
26.926
5i',200
2i",144
3.671
20,570
ahead of produi^tiin, as are many makes of fine browns that
34 284
37,300
32,006
Baltini'ie
are usually handled by the job'iing trade. Cotton flannels
670
42,143
H.Orrns.
are well unfler the control of orders, and most de-criptiuns of
N. News
bleached and col"red cot'ons are in strictly moderate supply
Bloluu'd
at fl'St hands.
Punt cloths were quiet in comparison with
70,438
2,759
53,144 820,270 197,714
Tot. w'k.
former wet ts. and the upward tendency of p ice.'i has been
(Pme time
106,643 mom»nt-r ly chocked; but, thu market clnse'^ steady at 3 13-16c.
3,152
1887. .. 525,133 575,083 214,592
for 64x648 and 33^c. for S6x60s.
Stock- last Saturday, and for
By addini; this week's movemeut to our previous totals we the three previous
years, «ere as follows
have the tolluwiaic siatemeat of esoorti this seadoa and la-it
Biuh.
Bxtrh.
VewYork
467,689
204,384
Boston.
Portland.
Montreal.
Phlladel
£u«A.
Bhlt.
66.206
Butli.
1,135
8,050
2.759
6'i,941
.
:
eesEon:
Cbm
Wheat
Flour.
1
l.'-8. Sept. 1.'87, Sept. l.'>8,
Sevt
Mxportt to-
1HH8.
27.
2*.
1,142 799
Un.Kinfrdom
Continent ..
S.a,C.Am...
IH87
l.t,3J.573
54.617
27, lh!-8
B7.28'
to Oct.
29. 1^87.
limh.
Busli.
B6(«.
Bftlo.
l.-s?. Sept. l.'t-8, >S«pt.l,-7,
to Oct
to Oct.
to Oct.
In Oct.
*pt.
27, 1»>8
Busk.
to Oct.
29. li«.7
Bush
2,.'i30,433
5,413.176
B,-.r8>t,167
2,<f94.139
1,300,288
3,e87,ll4|
1,605,024
826.175
«
11,281
fi.M
921
ej.SOi
67.vil,i
S.Ofli
184,754
181.:i8o
74.i!77
152.1)99
10
Bnt.Corule8
146,046
160.K72
212,964
2,000
4,505
6,0i!2
Oth. conntr'a
3,189
4,97.
850
21,8 «)
6,i.K7
6,246
1.1159,277
2,181.26!!
3,907,858
9,116,351.
6,978,136
3.629,331!
West
iDdlea.
Tot»l
9,3
The
visihie supply of grain, comprisini; the stocks in ^ranart
the pnacipal points of accumulation at lake anJ Beaooar<i
.portB, and in transit by water, 0.;t. 27, 1888
Wheal,
OaU,
Com,
Jiye,
Burlei,
hush.
huxh.
busk.
fti'.A.
6u>A.
In store at 9,546.192 1,134.561 2,002.131
5,842
20 400
Hew York
33.!'0i)
llD.OOO
214,(M'0
4,5
Do aUoati...
34, 00
4(i,3.'S0
1.200
27.000
50.700
Albany
2 ,000
ftt
4 ,164
984,433
4.829,886 2.679.027
6.178
29.183
65.448
5.016
1,902,1 >39
75,776 133,123
1,332,466
07,932
44,460
75.0O0
250.378 906,581
4,129,111
Bnflulo
Chioairo
miwaokee
Dolutli
Toledo
Detroit
Oswego
et Louis
Do
181.35t
4..J14.201
619,41.5
7.i.2!U
577.119
815,447
150,145
222,820
5,877
afloat
74,000
5,019
30,575
Clnoinuati
Boston
Toronto
MoEtreal
PUladelphia
3iil,447
Peoria
Indianapolis
Kansas City
4H,042
550,903
161.023
325.505
1,418,192
2,857.449
95,000
Baltlmoi'e
Minneauolis
Bt. Paul.
21
3.8«7,498
..
100,«)00
16,1100
31,000
93.516
39A185
77.181
105,348
39.469
3 000
2,«i 9
76,010
17,101
2S,a28
17,496
138,547
79,000
1,232
'.2,-84
11,3 4
410.00U
41,661
1 1 ,000
7,079
250,992
9.950
25ii,7.il
6il, 91
91,793
3•i-.73^
169,418
84.539
5,024
10,6-5
11,506
25,607
Tot. "^ot. 27, '88
Tot. Oct. 20, '88
Tot. Oi't. 29. '87
Tot Oct. 30, '86
Tot Ooi. 31,'85t.
t
1
26.'5,781
15 000
140,600
40,000
31,9.13,407
8, 15'J,733 6.007.1119
293.0712.721,710
56,l.'i2,9 'I
13,093.041 5.409,153
5,-.:8 7,770 J,989,834
4Hli,584 2,2.33.ii7l
St.
1085.
5ii,0'i0
42,o00
10,000
Oct. 31.
292,000
166,000
260,000
165,OoO
Total »took (pieces)
43,000 336,000 129,000 843,000
Piiuts "ere in moderate demand and fairly steady in price
because of the moiierate stocks on hand, and tnerei « as a fair
bust' e-is in sat-ei s, gingbam-*, seersuckers, chambrays, &o.,
for fu'urM delivery.
Domestic Woolen Goods were for ihe most part quiet in
C'lm is Ion circlec, and the joobing trade was only mo lerate.
Th-re wa^* a f^ir movement in spring cxSsimerHs, w.irsted
BUitiiigs, &c., from first hands on account <.f back ordern, but
new business was restricted in volumf>.
-avy wo. lens were
in fair leque t, but tranxactions av.-raged light.
Cloakings
were sluugish and t' ere was a lessen-d demaud for dtm kmets
and jeis-y cloths by the manufacturing irade_. Kemuuky
je^ns aiid doei-kins, also satinets, ruled qiii-t in' fir^-t hands
and were 8lu.!giHh in jobbing circl--f. Flannels and blinkets
were taken in dmall lots to a fair agg egae amount, and
P'ices are steadily mainttined by the mill agent-.
S ift wool
iress fabrics were in irregular demand, and there was a light
busineBS in worsted drt-ss >tood8, i<bawls, carpets, wool hoeiery
ann knit u d-rwear at unchanged prices.
FoBEiGN DuY Goods. Aside from a few specialties, in
whith a moUi^rate busineiis was done, imported goods were
oiiFpicootisiy quiet in first hands and blu.fgish in jobbing
circii 8.
Holiday goods h-ive met with rather more at entioa
H
•
—
(
fr<
m buyers
for
lemote markeis, but
thi>
demand
in this con-
was by no means active.
Importation orders were
lrs:4 numerous than of late, and most of ihe o£Fering8 of
foreign goods through the auction lOoms were I'.ght and unnection
Iiuportatlous or Dry Good*.
of dry gocdj at this port for the week
ending Oct, 25, 1888, and since Jan. 1, and the s^me facts for
the correspoii.iing periods of last year are as follows
:
°
5
2
734,472 l,9«0f212
:
:
:
:
c
Paul not included.
s
B;
THE DRY GOODS TRADE.
Nkw Yokb,
3
Friday P. M., Nov. 2, 18t8
Business ia tie whole.-iale hraichrsof the dry ^oods trade
comp8r..tively light the pat-t week, hb has mvaiidbly een
the case un the eve of a Pre^ideniiil eleciioti.
There were
very few i.ut-of town package buyers in the ma'ke% ai'd
those jrePfiit weie chufly interested iu making p^ovi^ion for
the coming holiday trade.
Spring and summer goods were
lets ^ctlve than of late in first bands, but a lemporary lull in
the demand has caused no uneai-intss in commission or im
porting circleti, and reLCwed activity is looked for as soon as
theptnOing elections ar" over. Seasonable goods were distribuied
moiietaie quantities, but there was an evident determinaiiuD on tlie pbrt of boih wholesale and retail buyers to
pursue a ctiuiious haijd-to-m>jUth policy until the prevailing
political excitemint has sulsided.
As noted in former reporis, ttiere IB a much better let ling in the market for btaple
cotton gooas, ai.d dum' stio woolen fabrics, thou gh quiet, are
held with a fair c egree of firmoesi because of the appreciation of wcol and a material curtuilmeut of production by tiie
wtB
1886.
Oc. 30.
27,0o0
19 ,'i O
32,000
44,000
70,000
25' ,000
33.476.646 11.164.921 8.227.646 1.377,213 1,647.8^5
.52.072.370 11.203.451 7,7 >7,581 1,202,342 1,401,070
Hloneapolis and
1887.
Oct. 21.
The importations
260,218 1,397,2
408,000 1,510,600
46,756,059
.
imporlant.
On Misxisalppl
On Lakes
On canal & river.
1888.
Slockof PHnt Cloths—
Oct. 27.
Heldby ProVideneemauuf'rera. 31,000
Fall River mauiifactnrers
12,000
Pro Ideuce speculators
None.
Outside speculators (est)
None.
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r ex o:
o
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to Mexico; lOOtoAder; 81 to Africa; 77 to the West Indies;
40 to Britibb Guiana; 82 to Euiope and 29 to all other countries.
Since ifce 1st of January the exports aggregated
122,985 packagep, valued at $7,464,556. Of this total China
has bad 40,753 packages, valued at $2,048,331, and 29,621
packaj^es, valued at $1,9.0,477, have gone to South America.
For the seme period of lb87 the exports to all uorts were
159,788 ptctagps valued at $9,6.'50,025, of which 77,078 packages, valued at $3,666,403 went lo China, and $84,,88 packages,
valued at $2,478, 610 lo South Ameiica. To the corresponding
xiyiH-co^
O<05«O*»'O5
03(0
m
Domestic Cotton Goods.—The exforts of cotton goods
fromthiHiort fur the week ending Oct, 30 were 1,910 packages, valued at $155,697. Ttiese shipments iuciude 717 to
South Ameiict, 551 lo Liverpool; 14(5 lo Central America; 137
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