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inancial
oiitmtrfto1
AND
HUNT'S
MERCHANTS’
%
MAGAZINE,
Dkwjspjrn,
REPRESENTING] THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES,
NO.
SATURDAY, OCTOBER 1, 1887.
VOL. 45
1,182.
.2-23
Week Ending Sept.
CONTENTS.
Week
24.
End’g Sept. 17
I
THE CHRONICLE.
Clearing: House Returns
The Financial Situation
“
The Silver Pound.”
Illinois’s Short-Sighted Rai'
418
road Policy
The Iron Industry Here and in
420
Great Britain
Financial Review of Septem¬
420
ber
..
1887.
Howto
Pay the Four Per Cents 422
Weekly Railroad Earnings
423
Imports
and
Exports
for
423
August.
Monetary
and
Commercial
English News
424
Commercial and Miscellaneous
News
425
3^lie dtmuclc.
New York.
Sales of—
(Stocks...
(Cotton
.,
Boston
Pr vidence
Hartford
New Haven
Portlnnd
Worcester
:
$10 20
6 10
European Subscription (including postage)
li 28
Annual subscription in London (including postage)
&2 7s.
do
£1 8s.
Six Mos.
do
do
Subscriptions will be continued until definitely ordered stopped. The
publishers cannot be responsible for remittances unless made by drafts
or Post Oflice Money < >rders.
These prices include the Investors’ Supplement, of 120 pages
Issued once in two months, and furnished without extra charge to
<■
subscribers of the Chronicle.
A file cover is furnished at 50 cents; postage on the same is 18
cents.
Vo.umes bound for subscribers at $1 00.
London Agents:
Messrs Edwards & Smith, 1 Drapers’ Gardens. E. C., who will take
subscriptions and advertisements and supply siugle copies of the paper
at Is. each.
(WILLIAM
H. DA*A «fc Co., Publisher*,
102 William
witttam b.
n
DANA 1
william
dana.
JOHN G. FLOYD.
was
a
(8.398,371)
(407,000)
(30,584,40
(30,330,000)
82,417,512
4.353,HOC
1,513.853
1,009,3*0
07,715,891
4,2*0,4 Of
1,077.840
1,084.200
Total Middle
Chicago
Cincinnati
Milwaukee
Detroit.
Indianapolis
Peoria
Omaha
.
RETURNS.
HO USE
further addition
to
the volume of bank
+10*3
+128
-810-7
924,759
514,040
1,0*0,248
01(5,428
+250
+7-6
92.800,220
77,774,075
+194
91,392,638
+9-5
00,432,280
10,384,748
12,483,002
59,743,403
4-1*1
4-28-9
4-71
53,748,145
9,*70,321
12,390,007
+31*5
8.O4O.5H0
11,058,593
4-2P7
+40
+8-3
-111
+3-0
0-1
-47
-54
83,280,100
79,447,502
4-4-8
76,0.4,538
—1-3
53.705,570
10, <85.900
4,3o0,< >30
3,740.002
1,030,8 5
50,200,080
4-10-8
68,727,075
10,407,850
4,053,411
4,004,721
+13-3
+2SO
1,770,617
-1-45-8
3,145.180
2,874,188
+20-7
2.240,278
1,326,<09
1,018,758
903,4:9
2,898.24.)
1,95(5,495
4,150,834
1,079,8/7
3,18* .,329
395,322
370,853
3.30;,907
2,473,989
l,)9o,.25
3,015,*40
4, <44,457
2,010.279
8,058,510
577.935
780,5(50
4,153.09k
St. Louis
St. Joseph
New Orleans
i ouisville
Kansas City
(-8*8)
-1-20-7
+ 15-5
2.14-,549
3,883,. 38
49 ,445
094, .03
1,820,082
292,759
Total Western...
(50,434,000
841,938
445,838
Denver
St. Puul
Grand Kapids
Wichita
Duluth*
Street, NEW YOKlv.
(-12 4)
(+71*3)
(-11-01
941.044
Minneapolis
Topeka*
(20,290,7*v
802.805
8-5.573
■
.
(1,492.744)
(4 70,100
+0*5
1,531.529
1,07(5.243
Cleveland
Columbus
(-873'
(+1*3
(—10-8
(-12-0
P. Cent.
-rl-7
026 .*373
Philadelphia
—4-7
t
G28.o34,78f
-98
-14
1,0(58,083
Pittsburg
Baltimore
1
1887.
80,740,280
4,472,100
l,0o7,37<
England.
P. Cent
|
10,195.600
4-0-9
3.514.841
3,n 11,20'
1,354,784
4-21*3
4-24-5
4-21-0
4-9-5
4-38-N
4-408
4-4*-0
4-0-4
4-28-0
4-22* l
4 25'8
-184-2
+9*8
+51-8
+40-8
+8-1
+47-5
+ IO-0
+2vl
+1250
2,22 522
201,62 >
99,071,338
86,495,212
4-10(5
101,059,224
+14-9
18,517.824
1,470,870
5,037,305
14,339,509
824,270
5,310,9 ,0
3,902,203
4,993,570
820,379
1,775,0 )
091,441
4-15-2
17,5517,13*
+7-5
+?8"4
1,181,394
5,*85,H30
4,970.41 •
Post office Box 958.
f
OLEA RING
There
(2,131,187)
(412,800)
(32,033.127
(31,748,000)
Lowell
Subscription—Payable in Advance
For One Year (including postage)
For Six Months
do.
)
)
)
)
Springtield
Total New
Terms of
*
091,723,057
.
O'-train...
1880.
$
1550.048,314
4.874,483
(5,702,002
Memphis
1.5 .8,527
Galveston
Norfolk
1,033,*28
788,087
4-0-0
4-10-8
4-342
4-90-0
—80
4-14-1
7. <03.541
1.509,9(57
1,379,907
028,2 3
+2-4
+9-3
+10-0
+31-3
+54*3
-27-1
+33*0
exchanges at New York during the week under review of a
4-19-3
32,000,490
40,510,611
Total Southern...
+12*2
38,983,004
over thirty millions of dollars, mainly the result of
4-2P0
+28-4
12,048,074
San Francisco
18,507,128
15,305,370
increased speculative operations on the Stock Exchange;
+7-5
-81-0
Total all.
950,124,920
9*9,157,349 979,755.G'0
twelve other cities also exhibit gains over a week ago, rather
-t-wtf
327,490,134
Outside New York.
“330,109,035 288,032,013)
unimportant in amount, however, except at Pliiiadelphia.
Not included in totals.
At the remaining points covered by our statement losses are
Our usual telegraphic returns of exchanges for the five days
shown, but they are in general quite small; in fact, in many
have been received, and they record a decrease over the five
cases merely nominal, the only decline worthy of mention
being at San Francisco, about three and a half millions. The days of the previous week. In comparison with the similar
oeriod of last year, the aggregate for the seven cities exhibits
net result in the whole country is an excess compared with
a loss of 18*8 per cent.
The estimate for the full week ended
the week ending September 17, of $33,03.2,429.
Oct. 1, based on these telegraphic figures, points to a decline
During the week of 1886 with which the present figures
i?rom the week of 1886 of about 15*5 per cent.
Messrs. R. G.
compare, there was a very decided gain in the total of clearings
Dun & Co. report the number of failures for the third quarter
at New York, in consequence of the marked increase in deal¬
of 1887 as 2,246 (1,938 in the Uuited States and 308 in Canada),
ings at the Stock Exchange; in fact, share sales almost
doubled. By reason of this there is a decrease at New York against 2,190 for the same time last year.
contrasted with last year of 4’7 per cent.
Many cities in the
Week End'g Sept. 24.
Week Ending Oct. 1.
Returns by Telegraph.
West and South continue to exhibit large additions to their
P. Cent
P. Cent.
1887.
1880.
1887.
figures of a year ago, Memphis being in the van this week,
*
1
with 90 per cent, followed by Wichita 84*2, St. Joseph 78’4, New York
—240
512,^2.895
459,076,927 605,119,918
(1,>-04,430) (-343)
Omaha 48, Peoria 46*8, Columbus 38*8 and Kansas City 34*2 Sales of Stock (shares)....
(1.126,151)
(2,185,137) (-48 6)
-3 6
+200
68.089.044
Boston
02,303,104
00,140,892
per cent.
Altogether, the aggregate outside of New York is Philadelphia
—01
52,178,151
+5-3
44,823.690
47,71-55,009
in excess of 1886 by 14’6 per cent, and this is more than Baltimore
—08
+2*1
8.842.902
10,217,145
8,917,442
50.400,000
+17*5
40.099,000
+10-1
41,850,000
Chicago
sufficient to overcome the falling off at New York.
-9-8
+18*4
14,194,570
St. Louis
13,244,485
11,949,944
Pursuing our usual method of deducting two-and-a-lialf New Orleans
+5-0
4.788,908
4,441,687
+ 15-7
5,141.290
little
*
times the market values of the share sales at the New York
Stock Exchange (which were $105,808,000 and $176,608,000
respectively in the two years) from the total clearings at New
York, we arrive at the exchanges ascribable to other business,
which are $394,528,314 in 1887, against $250,203,057 in 1886, or
an
increase of 57*7 per cent.
Total. 5 days.
Estimated 1 day
Total full week....
Balance Country*
Total week, all
*
For the full week,
030,074,735
160,000.12(>
783,072,3' 5
191,420,027
796.674.065
975, 98,338
84.1'<7.401
894,590 313 l,059,2c5,799
97,915,458
based on last week’s returns
—18-8
-3*0
743,311.313
152,200,133
+13*4
+10-4
895,517,440
97,120.104
421*8
+ 155
992,643 650
+1**
-16-9
-18-3
—0*0
414
THE CHRONICLE.
[VOL. XLV.
high as $4,000,000 now
York, and all from the continent. The
arrivals
of
There has been a decidedly less anxious feeling with
gold since our las! have been $22,650 on
regard to the money market this week. Rites have not Monday, $98,925 on Tnursday, and $350,000 yesterday.
Mr. Fairchild’s visit to New York this week and his
declined materially, but the disbursements of the Govern¬
free conversation with many of our leading bankers and
ment have helped replenish the bank reserves, while the
visit of Secretary Fairchild has been accepted a3 an earn- business men was an interesting event and will lead to
est of his determination not to allow business to be inter¬
good results. Practical views with regard to matters
rupted by Treasury contraction. To be sure, the move¬ affnciing financial and commercial affairs must be chiefly
ment of currency to the South and West is still free, but obtained through contact with those most closely con¬
nected with the activities of life, and in seeking the
the ouiflow has not been quite as large a3 last week,
while more was received, making the net loss on the conference the Secretary gives emphaiic evidence of his
interior movement considerably smaller than then.
A desire to make his action accord so far as possible with
At the same time there is no reason
fact of importance bearing upon the same matter is that business needs.
in Boston the money market is much easier and a con¬ whatever for supposing that he came because any change
siderable portion of the receipts this week came from that was imminent in the Treasury action; very likely it was be¬
centre. Money on call as represented by bankers’ balances cause no change was imminent that he improved the occa¬
has loaned at 7 and at 4 per cent, averaging about 5 per sion to gather facts and suggestions.
The 14 million bond
cent. Tnere has been urgency for time loans, and we hear of offer and the interest payments have afforded all the relief
transactions at
Our most conservative men
per cent for three months on first-class necessary for the moment.
bond collateral.
Commercial paper has also sold more do not expect or wish to have the Treasury surplus poured
freely than of late, and some of the city banks are in the out so as to fo3ter speculation. They desire that its
market, but they are selecting the best names and demand increase should be stopped, and legitimate enterprise be
the highest rates of discount.
The choicest quality is also freed from the fear of constant contraction of loanable
finding purchasers from out-of-town institutions at a frac¬ funds by Government accumulations. This is a reason¬
tion lower than the rates offered in the city.
Quotations able wish, and this we have no doubt will be the aim of
for average grades are 6 to
per cent for 60 to 90-day the Secretary.
No little discussion has arisen as a result of the visit,
endorsed bills receivable, 6£ to 7 per cent for four
months commission house names, and 7 to 8 per cent for with regard to the power of the Government to purchase
bonds above sinking fund requirements, and also as to
good single names having four to six months to run.
The Bank of England minimum remains unchanged at 4 the amount of the sinking fund needs this year.
As to
the
sinking fund, we are greatly surprised at the wide dif¬
per cent, although the rate of discount for 60 day to
ferences
of opinion expressad.
3 months bank bills continues at 3J- to 4 per cent.
The
By looking at any report
of
the
failure of the Bank governors to advance the rate is vtry
Secretary of Treasury the whole matter is made
likely due to the check to the exports of gold, to a plain. In the first place if one wishes to know the past pracsmall movement of gold to London from Pans, and to tice he will find there, that for the year ending With June
the fact that the rates of interest are higher in London 30, 1885, the amount so used was $45,604,035; for the
now than at any other European centre; trade and specu¬
succeeding year of -1886 it was $44,551,043; tor 1887 it
lation are also reported dull, which would be likely to was (last quarter estimated by the Secretary) $48,153,711;
be a further influence in favor of continuing and not and for the year ending June 30, 1888, it was at that
advancing the official minimum. It is significant that time estimated at $47,721,552. Treasurer Jordan sug¬
notwithstanding the incident on the French frontier ihe gested a new method of computing the interest, which he
Bourses at Berlin and Paris have not been more than thought to be more in accordance with the requirements
temporarily affected, and the open market rate at Paris of the statute, aud if followed, would reduce tne amount
remains the same as last
week, while at Berlin it is for the current year to $38,211,409; but it is not pre¬
only -J- higher. Tne Bank of England gained £13,000 sumable that the Government will cuange the practice
bullion
during the week, due as we are advised hitherto pursued. In fact, the very terms of the Secre¬
by special cable to us of an import wholly from tary’s offers to purchase bonds show what his construction
He first called the final 19£ millions of the
France of £34,000 and by a shipment to the interior of of the law is.
Great Britain of £21,000.
The Bank of France reports a old 3 per cents for the purposes of the sinking fund ; next,
loss of £93,000 gold and the Bank of Germany of he purchased on succeeding Wednesdays $11,565,300 for
£534,000. At last advices the premium on gold at the same purpose ; finally, he offered to buy $14,000,000
more bonds, “ to
the Bank of France was 9 per mille.
be applied to the sinking fund
so,
Our foreign exchange market has been dull and with¬ altogether, we have in these public calls about 45 millions
out special feature this week, with rates low enough to appropriated to that fund thus far, proving clearly enough
admit of the importation of gold not only from London that the Secretary intends to keep to the same old method
but also from the Continent.
Notwithstanding this fact, this year that he did last year. Hence we may conclude
it is asserted that bankers in London are indisposed (as only about 10 millions of the 14 million offer has been
to ship because of the uncertainty as to its effect accepted) that there still remains to be purchased to com¬
on
money
there ; a loss
of much more gold plete the sinking fund requirements about 7 million dollars.
As to the legal authority of the Government to purchase
wi */d undoubtedly put up the official
rate and might
Another bonds with surplus other than for the sinking fund, we do
disturb the continental markets as well.
obstacle
in
the way
of shipments is the high not think there is or has been, as claimed, any difference
price demanded by the Bank of England for gold bars^ of opinion in Government circles. The statute is plain
which are held at 77 shillings 10£ pence per ounce.
Io and general in its terms, and we have little doubt but that
was reported on Tnursday
that £100,000 had been Mr. Fairchild considers it would protect him if the emer¬
engaged at London for New York, but we think it must gency arose requiring aciion under it. At the same time
It is also reported that £300,000 had been it must be remembered that when the law of 1881 was
be an error.
shipped at Biemen; this we are inclined to believe is passed there were plenty of bonds to be bought at or very
correct.
THE FINANCIAL SITUATION.
c
'We hear reports
,
afloat for New
as
October 1,
415
THE CHRONICLE.
1887.1
In the following we show both consump¬
that a condition of the public debt like that August, 1886.
tion
and
production for the last three years—in August
now existing was not in contemplation when the measure
the eight months.
and
This fact, we fancy, may have made the
was framed.
Secretary a little less ready to use the law now, though
Jan. 1 to Aug. 31.
Aug.
par, so
near
to suppose that he would
hesitate in the least to act under it if the occasion
there
not
is
every
reason
No large amount of bonds will have to be
purchased to keep the surplus from accumulating. Ten
millions a month would probably be an outside figure,
requires.
and
as
he has 7 millions still left for the
sinking fund,
carry him to
Anthracite Coal.
Stock
beginning
of period
Production
Total supply .
St’k end of period
Consumption
.
1887.
1886.
1885.
1887.
18S6.
1885.
Tons.
Tons.
Tons.
Tons.
Tons.
Thus.
704,101
705.480
3,198,725
2,682,001
3,902,826
3.387 481
629,415
649,059
3,758,610 22,230,0'7 20,393,270 19,400,919
049.059
629.415
988,782
988,782
3,273,411
2,738,422
2,769,828 21,606,662 19.744,211 18,412,137
754.545
874,081
734,700
872,2-2
3,023,910 21,863,795 19,038,725 18.526.23S
millions would, we may presume,
consumption for August this year is 3,273,411
of
the first
January, and by that time Congress will have
to 13 against only 2,738,422 tons in 18S6, and 2,769,82&
had the opportunity to devise a measure of relief.
At
all events, the action of the Secretary last
week in tons in 1885. For the eight months of the year the same
result is reached, almost the whole of the increase in pro«
about 20
offering to purchase 14 million of bonds, and his visit
duction over 1886 and 1885 having gone into consump¬
here this week, show clearly enough his purpose to
prevent to the extent of his power any harm or disturb¬ tion; the total of the latter for 1887 is 21,606,662 tons,
ance to business
from further accumulations in the against 19,744,211 tons last year, and 18,412,137 tons the
year before, the increase over 1SS6 being 1,862,451 tons,
Treasury.
and over 1885 no less than 3,194,525 tons.
Additional
The General Term decision of the Supreme Court made
public at Saratoga this week in the case of the Attorney- proof of the good condition of the anthracite trade isGeneral against the Receiver of the Broadway Railroad found in the figures of earnings published this week by
has been received with great satisfaction.
It will be the Philadelphia & Reading. For August the net this year is
remembered that the matter came before the Court on $1,360,738, againstody $578,488 in 1886, and for the nine
months of the company’s fiscal year the total is $3,552,an appeal from Judge Peckham’s order of last December)
which held that although the act of the Legislature annull¬ 752, against $4,018,070, being in both cases an increase of
over 100 per cent.
Of course there are special reasons,
ing the charter of the road was constitutional, that the
effect of the act was only to kill the company, not to for the exceptional gains in the case of the Reading, in the
fact that we are comparing with poor results a year ago
destroy its estate; and as the original statute gave author¬
and that under Mr. Corbin’s management and the carrying
ity to mortgage, the Judge held in substance that the
out of the plan of reorganization a different system of
property including the right to operate the road, the right
to make contracts, the franchise obtained by purchase from financiering has been possible, but even with these aidsthe city and the consents of the property holders, each and all quite a different showing would be made were the coal
of them ex sted not simply during the life of the company, trade in the demoralized condition of former periods.
We have had other good reports of earnings besides
but for such time as would be adequate to upho Id both con¬
tracts and mortgages.
The General Term now appears that of the Reading just mentioned. For instance, the
to affirm
that order in all respects.
Hence
as a
result
gross of the Chicago &
lished this week, shows a
Northwestern for August, pub¬
gain of $281,318 over the same
Coming on top of a gain of $406,241 in
purchaser at such sale, if a corporation, succeeding to the 1886, thus making a total gun of $687,559 in two years,
It has occasioned the
same.
Tnis decision is, we say, extremely satisfactory, the exhibit is quite remarkable.
more
surprise, since, as before shown by us, the grain
because any determination which put in jeopardy vested
in the northwest was very small during the
movement
interests attaching while the company was undeniably in
month, and the conditions generally in that section were
existence and had authority to place a lien upon its estate,
n3t favorable.
The road, however, must have had the
would be subversive of all equity and justice.
The general trade situation remains much the same as a a ivantage of an increased traffic of iron ore from
Tne St. Paul
week ago, except that the action of the Treasury Depart, the Lake Superior mining regions.
Omaha
has
also
issued its
August figures
ment under its last circular has in great part removed the &
property franchise and rights are subject to the lien
of the mortgages, liable to be sold under foreclosure, the
the
apprehensions wmch prevailed as to the future of money.
In the coal trade considerable activity is noted, and prices
of anthracite have
this week been further advanced at
points. There has been no resumption of work in
Lehigh region and no change has taken place
in the
strike situation there; the idea, however, that
this is the sole cause for the improved state of the
trade is not warranted by the facts.
Undoubtedly
the
stoppage of production
in that section has
augmented the demand upon other sections, and may
have occasioned the latest advance in prices; but there
was
a very active inquiry and heavy consumption even
before the inauguration of the strike.
Very conclusive
evidence on that point is furnished by the statement of
anthracite production for the month of August, as pre¬
pared by Mr. John H. Jones, the accountant of ttie
companies.
We find that while the output during
the month was over half a million tons greater than in the
corresponding month of 1886, stocks at tidewater points
actually decreased some 75,000 tons, or nearly 20,000 tons
more than they decreased on the lower production of
some
the
month last year.
They show an increase of $93,252 this year,
after an increase of $22,858 last year. Besides these, such,
roads as the Norfolk & Western and the Fort Worth &
Denver make exceptionally good returns of net.
For Au¬
gust the Fort Worth has net of $33,883 in 1887, against
$15,726 in 1886, and for the eight months net of $ 174,this week.
The Norfolk & Western hasincreased its net from $122,919 to $169,615 for August,
and from $782,129 to $1,023,992 for the eight months.
On the other hand, quite a number of promiuent compinies have issued returns which in one sense at least are
741, against
$90,159.
unfavorable.
Thus the Northern
Pacific,
on
increased
reports diminished net—its net last year had been
unusually large—and the Erie, the Northern Central, and
the Pennsylvania, while having heavy gains in gross, show
comparatively small gains in net. Tne Pennsylvania is
gross,
the most conspicuous
in
gross
Toe increase
the Eastern lines
instance of this kind.
for the month (August) on
large sum of $436,622, out as this was accom¬
reaches the
panied by an augmentation of $434,131 in expenses,
increase in the net is only $2,491.
The reason for
the
the
THE CHRONICLE
416
small
improvement in the net being known, however,
there
is
no
occasion
The
uneasiness.
for
roads
are
simply putting increased amounts into improvements
and betterments.
As regards the Pennsylvania, this
is pre-eminently the case.
No one supposes that the
increase of §434,000 in expenses represents an increased
cost of operating.
Moreover, as an indication of the
state of i abroad traffic and business, it is only the
gross earnings that furnish any guide.
Oa that point,
probably never before in its history did the Pennsylvania
earn over five
million dollars gross on its Eastern lines
in a single month, as it did in the month of August 1887.
Besides, when
we
come
to the Western lines, even the
net result is very
satisfactory, the surplus above liabilities
standing at $282,455, against only $78,651 in 1S86 and
a deficiency of
$130,061 in 1885. In the following we
give the Pennsylvania figures both for the eight months
and for August.
the
in
[Vol, XLV
monetary situation has caused the improvement,
The coal stocks have been strong,
owiDg to the excellent
Reading, the active demand for anthracite
and the advance in prices of coal at Philadelphia.
Pacific
Mail has advanced on the reorganization of the company in
the Gmld interest, and reports of greater harmony with
the transcontinental lines.
It is a satisfactory feature
that the better class of properties, like the Vanderbilts,
have absorbed a larger share of a tention.
Stocks seem
now to be
lodged in pretty strong hands, and there is a
dispositi n to regard prices as being low.
The following statement, made up from returns collected
by us, shows the week’s receipts and shipments of currency
and gold by the New York banks.
statement of the
Week ending
N. Y.
;X. r. Banks.
l!>3,003
Total geld and legal
700,000
tenders....1 $1,476,000
Lo (3..$1,700,000
*597,000
Tvdfl..
$3,773,000
1
.More me nt.
Bulks.
§3,073 000
j $ 1,373,003
Currency
Gold
Net Interior
Shipped by
Riccived by
September 30j 1887.
Loss..$2,297,UOQ
Tne above shows the actual
Lines East of
1887.
1884.
1885.
1886.
1883.
1882.
Pitts unto.
Operat’g expenses.
Net earnings...
Western lines
Result
2,030,345
$
3.956,3(0
2,307,294
?
4.217,891
2,168,38:
1,9)5.015
+78,051
1,649,012
-130.061
2,151,507
2,142.622
282,155
+009
+234.8.-3
2,032,-1 •o
+200,8 2
2,18 J,991
1,183+16
1,518,951
2,152,170
2,377,505
2,299,7. 2
*
*
4.585,3) 0
5.022,012
3, 114,176
1.9 7.590
-r
$
4.775.380
.
2,0 12,758
?
4,671.r “9
2,638,3 9
Jan. 1 to A!><■. ::i.
36,647,106 32,'92.231 28,061,004 31,940.228 33,258,9' 9 31,471.17 0
Operat’g expenses. 26.681,640 21.036,934 19,032,084 20,285,363 21,104.727 19,601,101
Gross earnings
Net earnings... 12.305.460 11,155,297 9,328.920 11,054,8' 5 12.154.18M 11.870.075
Western lines
+779,947 —173,761 -1151,259 -712.191 8 572.529 +621,902
Result
ings of gold and
from the interior.
A agiist.
Gross earnings
19 J 15.407
10,981,533
8.174,661, 10,942+74 12,720,711 12,191,97 7
eight- months the net result on the combined
system is thus M million dollais better than in 1886 and
almost five millions better than in 1885.
We have been
favored
with
advance
a
certain
extent
absence of pressure on
this
has
been
the
Week ending
of
the
Into Banks.
September 33,1887.
Out of
the banks
$1,476,000
*3,; 73.000
17,0 0,000
8,5 0,0 •*»
*18.4'6.000
*12.27 J.oOO
Bank of
Tne
ing the week.
...
oss.. r
(} ii
n..
(jr.tia.
in
[hidings.
B ink
and gold imports.
Total gold and Iemil tenders
Net <'li uyje
Banks.
Banks’ Interior Movement, as above
copy
result
movement
gained $7,800,000 through the operations of the SubTreasury and $7u0,000 by Assay Office payments for gold
imports. Adding these items to the above, we have the
following, which should indicate the total gain to the New
Y'ork Clearing House bauks of gold and currency for the
week covered by the bank statement to be issued to-day.
ft is always to be remembered, however, that the bank
statement is a statement of averages for the week, whereas
the figures below should reli ct ine actual change in the
condition of the banks between Friday of last week and
Friday of this week.
Sub-Treas. opera,
of the ‘
annual report of the Cincinnati Indianapolis St. Louis &
Chicago, commonly known as the Big Pour, and publish
the President's remarks in full on another page.
The
road is located in a section of country—the Mi idle West¬
ern
section—where railroad building was greatly over¬
done a f- \v years ago, and where therefore very careful
management is necessary to ensure good results. Hence
it is gratifying to note that Mr. Ingalls has raised the
property to a plane where it now makes regular returns
to its shareholders.
The report shows that after meeting
all
charges and paying 4} per cent dividends
on
the stock,
there remained a surplus on the
operations for the year ended June 30, 1887, of $60,047.
This result was obtained, too, on an average fre’ght rate
no higher than eighty-four hundredths of a
cent per ton
per mile.
Bearing in mind that only seven years, have
elapsed since the reorganization of the company under fore¬
closure in lS -0, the good exhibit now made reflects greatcredit on those who have had the properly iu charge.
It should be said, moreover, that Mr. Ingalls reports
the operation of refunding the debt as practically completed, only about IJ millions of old bonds remaining
which have not yet given their adhesion.
Tnis is quite an
achievement, as most of the old bonds bear 7 per
cent interest-, while the new mortgage bears but 4 per
cent, thus effecting an important saving in annual interest.
The total of the new bonds is 10 million dollars, so that
the interest charge will be reduced to $400,000 per
annum.
The net earnings in the late year were $1,052,206.
With the issue of the three millions new stock, for
improvements, &c., the capital stands at 10 million dollars.
The stock market this
week has been stronger.
J
an
currency
In addition to that
have
For tie
To
changes in the bank hold¬
caused by this movement to and
2,29 7,000
8,5 )0,000
.$6.203,OoO
Englaud gained £13,000 bunion dur¬
This lepresenls £34,000 rec-ived from
abroad and £21,000
sent to
Tne Bank
the interior.
of
France lost
2,325,000 francs gold and 1,400,000 francs
silver, and the Bank of Germany, since the last report,
shows a decrease of 10,680,000 marks. The following indi¬
cates the amount of bullion hell by the principal European
banks this week and at the corresponding date last year.
September 30,1880.
September “29, 1887.
Bu nks of
Gold.
|
£
j-
Silver,
*
20,586,664
47,. 81,150 47,783,S48
England
France
Germany*
Aust.-IIung’y
....
j
Total.
j
£
J
20,677,95j 18,337,050
6,499,000 14,479,000
\ £
£
21,200,781
91,9 17,99.8
54,72515 1 45.519,572 100,241.725
39.015,010
18,743,870
20,978,090
4,240.000; 8,170,000, 12,-110.000
2,491.000j 1,245,000)
1,118,000)
!
Tot a'.
21,200,7->1
Nat.Belgium*
6.983,000.
|
1
£
20,580,6)01
Netherlands..
National Italy
Silver.
Gobi.
3,736,000
8.101,000
14.735,130|
33,479,000
125.090’
14,698,003
6,467,00., 13,714,000; 20,181,000
6.573,000
2,658,-too
7,054,000
Tot. this week 108,061,7t54 <Jl.1M2.SnS 1
99,794.602 117,718,n)4
Tot.prev.w’k. 109,232,772'91 ,-451,34 0 2O0.0-1.112 11 f..008,?H>
s,
1,329,000
1
j 3,9.87,000
,e25.000j
si
8,579,000
202,Sd6,5J6
S5.40'.*,v.:U!2i)4.4lS;l>17
The division (between cold and silver) given in our table of coin and
bullion in the Bank of Germany a id the Bank of Belgium is made from
the best estimate we are able to obtain; in neither eas^ h ir claimed to be
accurate, as those banks make no distinction iu their weekly reports,
*
merely .reporting the total cold and silver; but we believe the division
make is a- close approximation.
Note.—We receive the above results weekly by cable, and while
not all of the (late given at the head of the column, rimy are the
returns issued nearest to that date—that is,the latestrreported figures.
we
The
Assay Office paid $262,699 througti the SubTreasury during the week for domestic and $.714,187 for
foreign bullion, and the. Assistant Treasurer received tha
following from the Custom House.
Consisting of—
Dale.
Duties.
Gold.
$31,000
213,000
35,000
6,000
81,000
'471,000
4.000
71.000
662.0O0
221,000
45,000
41,000
36,000
60,000
$299,000 $2,2 40,000
$248,000
Total..
$2,825,015 79
$27,500'
“
26.
u
27
“
23.
“
ti/ic cites.
$319,000
23.
24.
Silver Ccr-
$44,000
35,000
$3,000
ptp 23
“
Gold
Oerti tic's.
3,000
$337,739 31
286,474 84
606,540 21
779,223 21
435,231 93
319,806 29
Si
u. s:
Notes.
7,000
32,000
4,500j
3
3,000
300,000
.
Included in the above payments were $8,5 JO in silver
the part of operators for a decline,
but in large degree the greater confidence which is felt coin, chiefly standard dollars.
THE
1, 1887.]
October
CHRONICLE
417
idly-developing country, which is even depleting the old
world stocks of gold—it looks as if this set in the tide of
The above is the title of a very interesting volume by S. the
yellow metal would be likely to force these questions
Dana Horton, recently issued in London, where Mr. Horton to the front
again, in E irope at least. Tin cable brings
has been residing during the past year.
It will be remem¬ us this week an extract from the annual address delivered
bered that he was a delegate of the United S:ates to the on Wednesday by Sir Bernard
Samuelson, President of
International Conferences of 1878 aad 1881.
Tae book, the London Chamber of
Commerce, in which he states
11 that the
we presume, was intended mainly to influence the action
currency and tariff arrangements of the United
of the Royal Silver Commission, and, as its title indicates,
States were in such a peculiar condition that
England,
is addressed to the British public.
In pursuance of its
France and Germany were living in apprehension of a
object it shows to the people of England in quite an
monetary panic.” Why is this apprehension felt. ? Because
original way (1) the special interest they have in the solu¬ Europe has for years been receiving but very little new
tion of the silver problem, (2) the power England holds
supply from any source,* while drawing on its old stock of
to cany or defeat a measure for concurrent regulation of
gold until the mooted question whether gold is scarce or
the money metals, (3) what the policy of England has not—that is. whether
having discarded silver in interna¬
been
since the
Restoration, and- (4) it seeks to tional matters there is enough gold to go around—stands
overcome the “ inertia ” which prevents that 'Government^
in
danger of being practically solved. Tne semblance of
cooperation by showing, among other things, that abundance was kept up for a long time by replenishing
in their case there really need
be no change of the bank reserves through a drain
on
interior
SGndard.
stocks, but that source does not appear to be so productive
Tne United States has apparently lost interest in what now.
has been called the silver question.
Oar people—both
Thus it may turn out that Mr. Horton's book is
timely
“
SILVER
THE
POUND:’
“
“
a
those who continue anxious
over
the
course
of events here
and those who trouble themselves little with the future
so
long as the present is prosperous—seem to have alike
agreed to ignore the subject for the time being. Proba¬
bly the small silver certificate bill and the modified con¬
ditions it introduced are in good part the cause of this
change; for it not only arrested congestion in the Treasury, by making available current coinage, but also in part
gave activity to old‘accumulations of standard dollars up
to that time
its
own
a
dead asset.
Tons the Government deferred
embarrassment and relieved the irritation
iug to public shoulders
Wo
think,
fraction of its load.
too, that
men
who observe
by shift,
a
closely
in
wider
than at
first
appeared. In any view the
sitting of the Royal Commission made the moment of its
issue very opportune.
We of course had no intention of
reviewing the book here, for we have not the space; but
it is so new in its treatment of a worn-out
subject
and contains so much information
respecting English
monetary history, that we gladly call attention to it
as
being a work of real value. We may mention one
point upon which the author throws light; we refer to Lis
clever .analysis of the word “standard.”
It has grown
into a habit to speak of a “single standard,” a “double
standard,” and “standard of value,” until no little
confusion has
crept into the discussion of these
subject?,
owing to the indefinite meaning con¬
veyed by the expressions used. Tne truth is, as a
a
sense
_
will
have
influence
noticed
and
one
there
movement which
irg the tendency
metals the
that
of
silver
is
at
work
a
natural
is all the time thwart-
coinage.
of lesser value will drive
Of the
out
the
two
one
of
writer in the March number
of
the Statistical Journal of
greater
London says, there is no fixed money standard—a given
amount of gold has not a constant purchasing power. An
in this country, we
agiicultural lease payable in 100 bushels of wheat has
one time within recent
years a hundred and fifty
dollars, at another time a hundred dollars, and at another
seventy-five dollars. Tills wide fluctuation has been in
value, was a principle quick in action in a former
day. And now, if we may judge by the large amount of
gold apparently gone and continually going out of sight
one
way.
must admit that it .is at work here in
But so far as can be known, gold is rot leav
meant at
ing the country, our reported stock being an annually the main due to an effort of certain nations to act as if no
increasing quantity. It may be that the more general silver-using nations existed ia the world, assuming that
intelligence which prevails or perhaps the perfect freedom of they could at will dissolve the
partnership which com¬
the individual and sharper vigilance it
encourages, or pos¬ merce has made and enforces.
As the world is to-day
sibly the marvelous resources of this new world and the with its two metals in use
gold can be nothing mere than
attractive power they exert over the capital of the old
a “ national instrument of valuation.”
Over and above it
world
;—whatever the cause, the fact seems to be apparent
in, operation a counter-irritant; this is
the ordinary sensitiveness, bat an extremely acute
is what may
be represented by an ideal index number, the
equivalent of the world's vendible things, which is the
not
true measure of tho value of money to which it should be
sensitiveness prevailing commercial and financial circles,
the aim of national standards to conform, for they cannot
which automatically checks excessive speculation before-it
be independent of it.
Mr. Horton calls this sum total of
has reached the insolvent limit, so as to prevent the coun¬
National instruments of valuation” the “ Greater Stand¬
that there is
“
try from losing its gold accumulations. L: is a natural ard ” or
money of the world, which be it remembered is
tightening of the grip about the more valuable metal (as not gold alone, but gold and silver.
if
fearing its loss) as soon as it seems in special dangerAny one who has followed commercial events since the
It is a notable fact that other leading gold producers* as well
resumption.of specie payments cannot fail to see this fact as the United States arc beginning to retain their production at homo.
We have no Russia figures later than
but at that date Russia was
frequently illustrated. We have no ten-year cycles of sending out only a very small portion1835,
of its production, and we see no
indus',rial activity now ; not to exceed two years, and evidence of any increase since, judging from the figures so far as wo have
them of gold imparts from Russia to European count 1 ies. As to Australia
then an enforced liquidation and rest.
using the ncfimpoits to Great Britain as a test, they have only been
For these reasons mainly our people have for the time £205,402 for the first eight months of 1887. One year, however, proves
*
-
lost interest in discussions
metal.
But it
with
reference
to
the white
just now as if this reactionary move
enabling us to hold fast the gold we produce, and
the tempting nature of investments in this new and
rap¬
ment
seems
hut
talcing the four years ending with December, 1880, tlx©
imports for each year was £2,002,105; for the four years
endiug with 1882 the annual net average was £3,503, 379; for the
four years ending with 1878 the annual average was £5,973,295;
and for the four years
endiug with 1874 the average WAS
little;
average net
£7,261,858.
THE
418
CHRONICLE.
minor
SHORTSIGHTED
ILLINOIS'S
RAILROAD
POLICY.
frequently had occasion to point out the
injustice and folly of State attempts to regulate railroad
rates and make freight classifications.
We have based
our objections
not alone on the fact that under the
extreme competition which prevails in this country such
a policy is uncalled for and
unnecessary, since every rail¬
road report shows that rates have been and are being
steadily and largely reduced, but we have found equally
strong grounds for opposing the practice in the fact that
almost without exception the agents through whom the
State of necessity is forced to act have no qualification
for the work assigned them; neither by training or
experience are they fitted to undertake the delicate and
difficult task required of men charged with such a duty,
besides which they are nearly always hampered by polit
ical considerations which further impair their usefulness.
We do not know of a case, however, where the unwis¬
dom of interference of this kind is so palpable and
obvioas, and so easy of demonstration, as that of the
We
have
State of Illinois.
Illinois, be it remembered, is in point of railroad
mileage the largest State in the Union. According to
Mr.
Poor there
were
within its
borders
on
the
1st of
January, 1887, no less than 9,275 . miles of main road,
enough additional road constructed since then to
raise the total mileage now to 9,500 miles. This State has
with
a
Board of three Railroad Commissioners who every now
and then in
the interest
themselves
performance of their supposed duties and in
presumably of the public welfare take it upon
to revise the entire freight classifications of
the railroads and
announce a new
schedule of “ maximum
roads
in
fVol. XIA\
Illinois have been
iun
on
that
plan for
a
number of years.
Now when an accident occurs and is
traceable to that circumstance, are not the Commissioners
and the people whose agents they are equally culpable at
least with the managers of the property.
It would be a
difficult matter to fix the degree of responsibility, or
apportion the blame as between the different parties, and
yet one would have to possess an easy conscience indeed
to share in the guilt in this way and not be troubled about it.
The application of these remarks will appear when we
say that the Illinois Commissioners on July 20 promul
gated a new schedule of rates and classification, lower of
course than the one previously in force, and they have
recently been hearing arguments whether rates within
the State should not
be reduced to the basis
inter-State business.
For the
of rates
on
schedule of
July 20 no
assigned, as far as we know, except that
some roads had not charged full maximum rates under
the previous schedule, and that therefore it was deemed
reason
new
has been
advisable to lower the maximum for all roads.
duction is
re¬
of coal, where rates
per cent lower than before, but
it applies to other commodities of importance such as
graiD, plows, crockery, pipe, wheels, wagons, wire, wool
and zinc ore.
The leading roads are all protesting very
vigorously against the reduction, but an especially able
and convincing argument against the same was mide by
Mr. E. T. Jeffery, the General Manager of the Illinois
Central, and it is chiefly because we have received the
full text of that argument that we refer to the subject to*
day. Mr. Jeffery considered the matter first from the
standpoint of the company which he represents, and then
with reference to its effects upon the railroad system of
are
especially marked in the
The
fixed from 20
the Siate
as a
case
to 40
whole, and in both
cases
I
if
;
f|
jf
||
Q
he brought to bear
obliged to criticize their action facts and figures of controlling importance, arranged and
in the past, and can find even less justification in their presented in such a way as to carry conviction with them.
As regards the Illinois Central, Mr. Jeffery points out
present course. This is the more to be regretted that
the Commissioners seem to be an intelligent body of men that the State, by reason of the tax on gross earnings
and have declared themselves in their reports to the which the road under its charter is obliged to pay into
effect that it is to the interest of the State that the rail¬ the State Treasury, is a virtual partner in the concern, and
The system, he says,
roads shall yield a fair return on the money invested, as such interested in its success.
albeit the r» suit of their efforts must be to make the comprises about 2,590 miles of road, of which 900 mihs
are south of Cairo, 4 00 miles west of Dubuque, and 1,200
probability of such a return more and more remote.
Besides being distinguished for its large mileage, Illinois miles in the S ate of Illinois. Of the latter 1,200 miles, TOG
is distinguished in other ways not quite so creditable to miles comprise the parent line on which the percentage tax
For instance, an unusually large proportion of on earnings is paid. In effect, then, a branch and auxiliary
herself.
her roads, as will appear below, is bankrupt and insolv¬ system of 1.S00 miles has been built up around the 700
ent, unable even to earn operating expenses. Then she has miles of main road. Of couise each mile of branch road
the unenviable distinction of having recently been the must add to the revenue of the main stem, and therefore
such a policy is to be fostered and encouraged by every
scene of one of the worst accidents in the annals of rail¬
road history—that at Chatsworth, where 79 lives were lost legitimaTe means.
But is that the effect of the Slate's
act
on
?
Let the results speak for themselves.
and hundreds wounded.
It has been proven since that
Of the 1,800 miles of auxiliary road, about 500 miles
accident that the road on which it happened was in
are
in Illinois and therefore working under the rates and |
wretched condition throughout, and that other roads in
the State are physically quite as bad.
We would not classifications of the State Commissioners. What has been
Mr. Jeffery cites figures to
like to charge that the accident in question was the the result on these lines ?
direct result of the State’s policy, but it cannot be too show that only one of the branch roads in Illinois meets |t
clearly impressed upon the minds both of her Commis¬ expenses and interest on its cost, all the rest being
sioners and the public in general that their policy must operated at a heavy loss.
The Springfield Division fell jg
yield just such fruits. Each new schedule of “ maximum §97,151 short in 1884, §75,595 in 1885, $53,402 in 1886,
rates”of course fixes rates lower than the preceding schedule^ and §50,023 in the first half of 1887—ihis, too, not
and hence where a road was doing none too well before, it because of a heavy interest charge, the fam, being rather
must do still wors^.
Thus the tendency of such action is that the charge is light. On the Middle Division or Kan*
to put a prert ium on what in vulgar language is known sakee & Southwestern road, the exhibit is more favorable,
as “skinning a
property”—that is, keeping road-bed. there having been a surplus above interest, taxes and
track and equpuont in poor repair, and allowing the exp-mes of $14,365 in 1884, $62,270 in 1885, $77,563
property to iun down generally. This not only increases in 1886, and $21,337 for the first half of 1887. The
the liability to acc dents, but invites them, and there is Champaign & Havana an l the Rantoul narrow gauge
only too much reason for believing that a good many of the - Have been operated by the Illinois Central oMy since the
rates.”
We
have
been
October 1,
netted a deficiency for the
half year of $45,833 and the other a deficiency of
$19,064. In facf, the Rantoul road did not meet ordinary
operating expenses. And these unfavorable exhibits are
made in the face of the fact that the roads all had the
benefit of close connections and harmonious arrangements
with the Illinois Central. Anyone can judge for himself
what the returns would be if the roads were under inde¬
pendent management. After declaring that this five
hundred miles of branch road are fair and honest illustra¬
tions of the results reached by Illinois local lines working
under the Commissioners’ schedule and classification
•preceding that of July 20, Mr. Jeffery pointedly ask what
is to be expected under the still lower rates of the latest
1st of the year,
419
THE CHRONICLE,
1887.]
but the one
schedule.
the commerce and
prosperity of the State and of her
chief
metropolis will be harmed.
Thus far the Illinois Central has been treated by itself.
But the argument is even more effective when the mileage
of the whole State is considered.
Mr. Jeffery directs
attention to the fact that the Commissioners’ report for
(the latest issued), shows
all the roads in Illinois,
the State and out of the State,
the year ended June 30, 1886
that the income for the year, from
from their business
both in
sufficient, after deducting expenses, taxes, rentals and
interest, to pay only 1-9 per cent on all the capital in¬
vested.
These roads earned $173,159 less gross than in
was
previous year, $11,277,894 less than in 1884,
and $15,196,741 less than in 1883, and this, too,
on an increased mileage.
Mr. Jeffery has arranged the
roads of the State into four distinct classes, and the result
the
Central could not afford to shoul
is very interesting.
He finds that there are 16 compa¬
der the loss on these roads except for the increased busi¬
ness which the branches yield to the maine line.
But the nies with a mileage of 1,390 miles within the State and
result even on the main line has greatly diminished. 2,021 miles altogether, which pay neither interest nor
dividends. A number of these did not even meet ordinary
Though the interest charge is very light—less than an
operating expenses. Seven companies having 599 miles
average of $1,000 per mile per year—the amount left out
within the State and 1,355 total mileage, paid interest
of earnings for the stock on the 700 miles of Illinois Central
or rentals,
but fell, each and all of them, short of the
proper, decreased from $1,543,933 in 1.834 to $1,291,100
amount required, the total deficiency on the seven roads
in 1885, and to $670,862 in 1886, the amount for the first
six months of 1857 being $471,591.
These are results, reaching no less than $791,111. Twelve other compa¬
nies earned their interest in full, but paid no dividends.
too, obtained with the aid of the 1,800 miles of branch
These had 2,527 miles within the State and 4,051 miles
and auxiliary road.
In 1886 no less than $1,657,000 of
Only eleven roads paid dividends aud two of
the $5,44 9,153 gross revenue of the parent line came altogether.
these were leased, leaving but nine which made dividends
from traffic passing over it to and from the auxiliary lines.
out of their own earnings.
These nine roads comprise
On this $1,657,000 gross earnings the company paid 7
such companies as the Chicago & Alton, the St. Paul, the
per cent, or $116,000, into the Slate treasury, so that
from
a
mere
economical point of view the Slate Northwest, the Burlington & Quincy, the Rock Island, and
the Illinois Central, which have the bulk of their mileage
is pursuing a very short-sighted policy in doing anything
outside of Illinois.
In fact, the nine have only 3,847
to discourage branch roads.
For the first six months of
miles in the State, against 17,932 total mileage operated
1887 the proportion of revenue contributed by the
auxiliary lines is even greater, the total gross earnings on by them and several thousand miles more controlled in
their interest.
the 706 miles of road having been $2,735,000, of which
Hence it is found that with one or two exceptions
$975,000—over one-ihird, it will be observed—was fur¬
the systems having the greatest number of miles without
nished by the branch roads.
Reasoning from such data,
the State and the least number within, were productive
Mr. Jeffery reaches the conclusion that the revenues, both
of the best results to their owners, while those wholly
Of
the Illinois
course
and. net, are increased from traffic without the
within the State were in most cases bankrupt.
“ How
State, and that if the Illinois Central were entirely
long,” Mr. Jeffery asks, “can this condition of things con¬
dependent upon S ate traffic it would be a bankrupt
tinue, with a tendency downward in rates, with reducinstitution, like.most Illinois roads. It follows, therefore,
uons from time to time in schedules
and classifications,
that not only branch roads, but inter-State traffic should
and the Illinois lines remain safe for the public to travel
be encouraged ; if rates on this class of traffic are lower
on ?”
Yet the Commissioners boldly make another
than on local traffic, as ot necessity they must be, that is
reduction.
It is admitted that owing to the exigen¬
no reason why the Commission should further scale down
cies of
the situation and the demands of com¬
local tanffs, especially as the operation has been repeated
gross
manyMimes1 be)ore,'with the effect of
lateral roads still more unprofitable.
-
»\ rs
r
making branch and
that must
As here¬
tofore, in the case of gram, serious reductions he says
have been made upon the short hauls.
The Illinois Cen¬
tral, it roust be borne in mind, is a north and-south line,
and one of the diffiuines that it has to contend with is
that the east-aud-west lfties to the seaboard, through
their policy of making extraordinarily low through rates,
are attracung business to
tnemselves and away from the
Illinois Central at numerous junction points.
With rates
further reduced on the short hauls, this tendency of traffic
fiery points out one further effect
follow from the marking down of local rates.
But Mr. J*
did not in some instances exact
under the old schedule, but
of course they do not want the low rates made under
such circumstances permanently forced upon them, nor is
it fair to reduce rates on the busiaess not at all affected
by those conditions. As to the significance of the reduc¬
tion, Mr. Jeffery states that coal and grain formed 53 per
cent of the entire tonnage in the fiscal year 1886, and
rates on these two classes of commodities are reduced, in
the one case from 20 to 4 0 per cent, as already stated,
petition the roads
■full
maximum
rates
about 10 per cent.
such facts and figures as these absolutely
conclusive evidence that the position of the Illinois Com¬
mission is untenable.
To us the argument seems irresisti¬
and in the other
Is there not in
then pass east, will
be greatly facilitated, and the effect must be to deprive ble, and we do not see how the Commission, if they are
honest in their declarations that railroad property is enti¬
Chicago of much gram naturally tributary to it. Of course
tled to a fair and reasonable return, and do not wish to be
in- proportion' as
this is done the revenues of
the Illinois
Cental
will fall off and the tax held responsible for accidents resulting from the bad con¬
dition of the roads in the State, can fail to reverse their
paid to the State be diminished, but this is a minor matter
action.
alongside of the tact that as the result of such a policy
to seek the Lear>st
junction point and
420
THE
CHRONICLE.
THE IRON INDUSTRY HERE AND IN GREAT
BRITAIN.
trade
ness
must
and
IVol. XLV.
be
expected to relapse int* the state of dul*
inactivity which was its principal characteristic
before the
stimulus
from America
came.
The domestic
The
heavy shipments of iron and steel from Great producer, on the other hand, must determine, in case rail¬
during tlie month, of August road building in the United States next year slacken?, as
disclosed in the English trade returns just
issued, have now seems inevitable, how far and at what price the
Britain to tlie United States
as
rather occasioned
surprise. It was known of course that diminution of imports will compensate for that loss. It
the importations had been
heavy in the early months, but is to be remembered that our home consumption is vastly
it was supposed that with the
development here of a less greater than that of Great Britain. In fact, we have for
favorable outlook and sagging prices, a marked
falling off a long time been consuming more iron than we have been
in the movement would occur.
Doubtless the present producing, and it is of course merely a
question of price
large totals arc explained by orders previously given, lie which determines the extent of the import.
this as it may, however, the
The fact of the matter is, we are
figures have a very importan
increasing our produc¬
bearing upon the condition of the iron industry both in tion very largely. The output of pig iron- the. present
the United States and in Great Britain.
year was temporarily held in check for a time by the strike
We find that the total
exports from Great Britain dur in the Connellsville coke region, but now that the furnaces'
ing August were 359,CD-I gross tors of 2,2-10 lbs. As are at work again it is estimated by good authorities that
-this compares with only 299.23S tons in 1SSG and 281.112 we are
producing more iron than ever before in our history.
tons in 1885, and other recent months have made
It
is
true
that this far consumption lias been almost
equally
favorable comparisons, it is easy to understand
why the equally heavy, so that production has not yet outrun
tone of the English iron market has been
quite firm. Bu^. demand, and yet the inability to advance prices in the face
when we examine a little more
closely into the matter, it of this heavy inquiry suggests that the output may at any
is discovered that the
improvement is of a very qualified moment exceed the actual requirements. In this view the
kind, and due almost wholly to an enlarged demand extent of the foreign import is a matter of considerable
from the United States.
Thus of the 359,094 tons total importance.
The figures above show that 921,005 tons of
shipments for the month, no less than 118,018 tons, or iron and steel were sent here from. Great Britain
during
about one-third, went to the United
States, being among eight months. This is at the rate of nearly 1,400,000
the very heaviest amounts for
any month in late years gross tons a year.
But there are other countries besides
Moreover, this 118,018 tons for 1887 compares with only Great Britain which send us products of that kind. TTe
CO,708 tons the previous year, a gain of 57,250 tons. As can not give the figures for the same eight months, as
the
the gain on the total movement is but
00,4 50 tons, it is Bureau of Statistics has not yet issued its August report,
evident that outside of the trade with the United States but a
pretty clear idea of the extent of tile foreign move¬
the improvement is
hardly more than nominal. The bulk ment can be obtained by taking the statement for the fiscal
of the increase in the shipments to
the United States is year ended June 30, 1887. In this period the total imports
comprised in four principal items, namely—railway mate¬ of iron and steel from all countries reached 1,524,004 tonsrial, steel, old iron, and pig iron. Of railway material In 18S5-G the quantity was only 844,147 ton?, and in 1 88.1-5
the expcits were 19,890 tons,
against only 1,810 tons in but 001,794 tons. "These totals 'include"tin-plates, which
18SG ; of steel 20,055 tons,
against 7,790 tons : of old are always imported in large quantity, and whose aggregates
iron 14,537 tons, against 2,577
tons, and of pig iron 30,704 have not varied much during the last three years. Taking
tons, against 20,897 tons.
that item out, the
imports‘for 1887 are 1,209.1 18 tons, for
The increase in the movement to the- l nited States is
588,077 tons, and for 1885 375 3>G tons.- Thus the
strikingly shown in the statistics for the first eight
year’s imports were over twice as large as the year
months of the year.
Eor this period Great Britain before, and over three times the total for 188!-5, the
exported to all countries a total of 2.715.310 tons, against increase in two years being S93,7G2 gross tons, or
say a
2,210,733 tons in 1880, and 2,003,805 tons in 1885. Of million net tons of 2,000 lbs. So far,
then, as the falling
the 504,575 tons increase over
1880, the United States off in railroad building in 1888 is made good bv a falling
furnished 400,084 tons,
leaving only 98,-191 tots increase in off in imports, the production can be kept up.
the exports to all other countries combined.
The tota]
shipments to the United States were 92 1,005 tons, against
FINANCIAL REVIEW OF SEPTEMBER.
515,581 tons in 1SSG. Of railroad iron (all sorts) the
exports for the eight months were 112,831 tons,, against
The past month was noted
only for its Continued
only 21,740 tons last year; of pig iron, 280,730 tons dulness and lack of
spirit, so far as Stock Exchange
against 220,251 tons; of old iron for re-manufacture as business was concerned. There was much talk of the
much as 14 7,002 tons,
against only 33,9-4-l. tons, and of need of money for mercantile accommodation, and some
steel 170,221 tons, against hut
35,8 95 tons. It will be branches of trade weie reported at one time as
just
-
late
as
noticed that
in the
of
the
shipments for August,
the United States absorbs one-third the whole
amount, or
.
1880
as
case
under considerable pressure,
getting
being
owing to the difficulty of
discounted at the banks or of selling;it in
Towards the close, however, the
open market.
fueling was better, owing partly to the Treasury pur¬
chases of bonds pursuant to the circular of S
opt, 22, by
manufacturer.
They demonstrate conclusively that the which it was agreed to purchase $14,000,000 of 4 and 41
slight revival of activity in the iron trade which has per cents, the latter at
108} and the former at 124 exoccurred in Great Britain
during the last twelve or four¬ interest ; the amount purchased to Sept. 30 was 1/300,400
teen months is based almost
entirely'on the increased of the 4-Js and §5,155,750 of the 4s.
demand from the United States.
This being the case, the
Tnere was no severe pressure in the loan market for
English iron producer is confronted with the problem stock
borrowers, though rates were full and ruled most of
whether in the very
likely contingency of a falling off m the time at 5 @ 7 per cent, There was more discrimina¬
this demand, the loss can be made
good by increased ship¬ tion as to collaterals, and for this reason loans were not as
ments to other parts of the world, or whether the iron
easily had as usual.
921,005 out of 2,7 15,5 10 tons.
Such figures as these
furnish‘interesting material for
study and reduction, both to the foreign and the domestic
the
paper
THE
1887.]
October 1,
Tlie stock market bad
2d
the
of
short
a
month
the
CHRONICLE
RANGE OF STOCKS IN AUGUST AND SEPTEMBER.
period of buoyancy afier
when
Baltimore
the
&
caused
whole
market for
a
Railroads.
41
Foreign exchange slid ruled so low that gold continued
to come in from Europe in large quantities.
Tue nego¬
tiation of bonds abroad and the steady purchases of stocks
and bonds in our market for foreign account, were the
palpable cause for this specie movement.
The following st mmory shows the condition of the Maw
York City Clearing-House banks, rates of foreign exchange
and prices of leading securities and articles of met chan-
|
-
Do
Loans and
dWouiiM
Bpe a<
1886.
1885.
deposits
Legal tender.i
Legal reserve
6Lj
73
*354
*6
*7
?
06,41)4,301
86,773,925
85,4-3. »r.»
Ml. 12d.20<i
05.853.sOO
91.3 .‘-.Too
>
41.031,200
0,079,875
0,3i d,, 23
Surplus
reserve
—
1123s
5a
4s Of 1007. etm-puh
Ra llroa d Sloe Us—
New York ( enirm.A Hi d. Rt\.
Erie (N. Y. L. L. a- W.i
Lake Shore A Micii. muuhen-
122
Michigan Central
Chicago Rock Islam! A Pacific
67
’
174
748a
Chicago A Norrtiwe.sti.i-ii,
Chicago AIilw. A ST. Paul.
Delaware La k.
Central of New
com.
com.
Western
-w
..
Jersey..
w
7
85
7938
117
128
103 4
12s 3s
125
m
9558
137 4
1297a
1264
132
99 4
135
1173s
62
213g
......
12 i5g
27
57
m
Steel rails at un-ls.
a
ft 18 50
Pork, mess
V mo.I
Petrolofiin pipeline eertiff’.-i
*The price of wheat in ■ 1 i:i.thl *, Lost
81 %, v- Inch was i If «;u -• atioo for
have been 80, ihe pi tee to elevator.
as
4s.
4L,.v.
1
2
i
lev.
•
1
crmp.lcuUfj..
I
e.,
-09,
--
9
10
11
12
13
15
16
17
18
11
\
ii
|;
.
■
!■
3
!l
..1...i"
6
7
foil day.
0
1
'
1118
....
...
1
|l2>%!
1
|
i
*
12)
.....
;
...
......
coup.
coup.
!
r*§
1898,
Car..
1 00.
rey.
rej.
Cur.
19
124L>
103
*7‘>
1083s
<>()
*
.
...
i
.
108
1255s
1255s
124 L3
1083s
124 4
xORUg
1083s
following tabi= will show the lowest, highest and
closing prices of rail way and miscellaneous stocks at the
N. Y. Stock Exchange during the months of August and.
September.
58
*85
111
214
124
§ i 18
95
20
7
25
31
S %
40
56
88
9>4
6 L
M- xieau C.'cntral...,
*13%
134
164
8<<4
106
......
13%
20
prer.
.....
25
07
*13%
10*8
30%
Rensselaer A bar....
Rich.a: Al.st'k.tr. ct.
RichinomlA West Pt.
pref.
105-4
154
20%
2838
274
64
40%
404
222
10’s
9%
30
*1
5*2
41%
33
25 4
......
244
161
.
26
58
.
.
,
4
u
-
.
144
824
8334
1174
15
4
......
4
33 4
32
16
46
95 4
1^4
50 4
06%
0 %
105
§ 4 4
104
49
1 i
82
0
4
......
4
109
1 -%
55 4
16
014
§K0%
.
109
10
16
34
_
.
*14
88
87
100
-
m
84
1054
55
15
13
4
36 4
74
15
314
......
......
24%
9 %
2-4
100
134
139
8 34
10 34
18%
3L
*12
137 4
*7d *2
H fc 34
16 H
2, %
10'4
314
71 4
4-4
m
....
m
m
m
-
•
2.-4
67 4
43*8
222
16
0
2G
15
42
23%
264
13
32
184
4
12
16
304
314
20
27%
204
57
151
163
24
34
22 4
51
3
84
15 4
33
304
t Prices asked
2 5
12 14
94
1 74
6
41
594
304
2434
......
f 35
35
724
99
110%
8
47
*9
*14
*22
1L4
85
47%
68
111
87
83
244
754
3 2 34
*10
49
...
110
57
214
30 4
0
»
*94
114
*;0
4
21-4
5 4
21%
150 4
163
47
T
04
....
88 4
-
534
53
4 >4
224
44 4
00
8 *
40
47 4
Rochester A Pittsb.
Rome Water. A Ogd.
*00
8t. Louis Ark. A lex.
St. L. Alton AT. II..
394
Do
prof.
36 4
St. L. tv S. Francisco.
73 4
Do
pref.
Do
1st pref VI12
74
dt. P. A Duluth
pref.
Do
dt. Paul Minn.A Man §112Lj
South Carolina RR..
Southern Faiilio Co.
27
Te xusAPac., aoa.
leiAHsocrnu.f
ass.pd.
pu.
*
t
|| All assessments paid.
14
129 4
92
61 4
IMS
104
28
974
40
154
84
264
144
484
954
92
.
1074
pref.
Y. A New Eugl’d.
Y. N.H. A Haiti ’id
Y. Ontario AW...
Y. Susq.A West..
Do
pref..
Norfolk A Western..
Do
pref..
Northern Pacific
Do
pref.
Ohio A Mississippi..
Ouio Hounieru
eruteis did.
23
l 0
12
77
106 4
N.
V.
N.
N.
*
294
7 4
11%
1364
Y.Clilc.A St.L ,ass.
Do
pref., ass.
N.Y. Elevated
v. Lack. A West..
Y. Luke Erie A W.
Do
73 4
103
50
12
25
11
87
25
116
21
28
62%
17%
134
1-4
614
5 l
19
1L
80
41138
*85
113 4
50
L. Sli. A West.
Do
pref.
4
3t 4
13
%
54
2 i
134 4
27 4
9
‘34
*4%
56
151
25%
-
31
16
.
t75
15
44
....
60
80
24
23 *2
44i4
103
7
94
12
15
-47%
11 i
44
......
......
15
40
4%
1214
135
15
45
3
7 %
10
*15
50
w.
.
.
y
*414
124
5'»4
80
....
*8
•icmphis ACha’ston.
81
73 4
56
16
10
58
4
47
1
334
104
194
514
95-8
9* >4
63 34
91
128%
2»%
"l.l
93%
114
Do
...
The
Gn1*
...
Low...
Clos
.
PirtHb.F.W.AC.guar.
8.
i!Open.
High..
8978
«...
malm A Sr. L. pref.
Oregon Short, Line..
Oregon A Trans-Con.
Peo. Dccat.AE’villO.
Phila. A Reading ...
j 30
......
.j::.:"!
j
4«,
1907,
21
!
!
103
4L>.v,
1891,
20
||
''
’
}
js
-
Gs.
524
§ ‘13a
23
60
87
>
49
62%
164
18
1 •: 4
43
1 10
§ l 40
11634
12 %
3
7
140
7%
150
162
1524
254
......
12
10 14
50
50
132 4
28 4
334
*5%
*9 4
6 4
144
1
......
3d7e
35
18
4 1 4
103
-
64
17
92
15
5
25
34
13
74
85%
§79%
I-04 §116
1104 112%
146% §1434
128 4
113%
63 4
......
i21L2 §1174
784
37%
t-78
*
120
80
4
7
55
38
444
04
t-3
*
21
25
26
27
28
....
i
Sept.
:* 23.::*:
..
!
j
t
4o-4
1114
57 4
21
45
10
674
81%
3S4
21
25
83
*9
47
88
10 >
164
153 4
.....•
554
114
1384
...
43 4
129
13
62
25
•
584
38
87
In 9
.
1 l .3 4
143
12 S
13
114
•
155
'50
41
.
1184 §
10
....
.
834
104
21
104
loi
59
58
5
9
6
140
162
13 L
121
I 1
1st
Do
pref.
Mo. Kalis. A Texas..
Missouri Pacific
Mobile A Ohio
Morris A Essex
Sttsliv.Cliatl.A St. L.
Y. Cent.A Hud. R.
L50
1887.
m
2d
xMinn.S.Ste.M. A Atl.
mouth was iua-lveru ntl.v .slated
alloat ami delivered; it siiouai
!!
'
.1
....
’ ®2
m
Do
.
11
re a.
1
xofcV
,:'-d
f.
l301.il'.<<>7, -JUg
1
3.? (D3
50 21 0
eoA iol- •n-.NT SECURITIES IN SEPTEMBER,
;
1
35 it 3 8
1 8 00® 18
+
Do
Do
34 eOdob 00 a6 00 0 3 7 00
85
*3 i. %
it 6 %
47
52
48%
1
50
9 50 d> 10 00
11 25
6 ’*2
lUl %
6-*4
Corn, West. m.x.No. 2.hush
Sept.
5
m
Lj
504
Milwaukee A No....
Muiijoanolis tv, St. L.
9 L3
152
162
142
45
8 >4
1524
1264
244
574
124
10l*«
94
32
54
*1<4
74
84
114
Mil
80 00
>
Wheat, No. 2 red win.$ busii
CLOSING PRICK* ot
.-j
m
.....
‘tiiiiinittiiii, consol..
^l.ailiattan BeaehCo.
Merchandise—
Cotton, Middl’g Uplands.g fr
33
Wool, American X X.
g Tr».
Iron, Amcr. pig, No. l...p ton. 13 00
50
51
Maiq II >i:gll.AOll pf
74
94
™
...
5a
O' 4
8 7;{4
118 4
U 7-8
i 12%
7 p4
m
34
54
Mienigan Central...
2o
+
j»ref.
,
7
12
1271*
*15^2
107
40
66
7 i
35
774
384
1164
444
53
49 4
5> 4
4
106%
12%
7
Ho 4
108
4
984
9
52 4
11..i*
'
ml Bi.A W ass. p 1.
Keokuk A Dt s M
D<*
pref.
Keokuk A Western..
Kiiig.-ton A Peiubr..
L a c Erie A Wes*.
Do
pref.
Lake Shore
Long Island
Laouisv die A Nashv..
aiuisv. N. A. A < !hic.
;*>-4
142
123
15
364
424
104
10 J
60
57
56
no**
39
...
103
7S%
117
101
4
124
6%
41
Illinois Central..
Do l/sed Line 4p.c
4
135%
1123s
1184
.
7
4 88
91
7t%
10 ^
40%
a
44
d.
4 SO 4
101 ^
35 4
014
90
*
4
6
5*2 #6
44 %d.
134
68, currency, 1808
44s, ISO l, < oupttu
Illinois Cent
6 (l> 15
1®I4
3V« 4
479,. d.
4 8l4
<Call loans
Prime papn , six:\
Silver in 1 ,omWm p«-r *•?.
Prime sterling bills, do days..
2inited Stales
air—
10
162
.
Money, Exchangt, Sifc-/
694
344
138^ §135
Evansville A T. H...
Flint A Pert* Mar. pf.
Fi. Worth A Denv. C.
ureen B. Will. A Sr. P.
Do
pref.
Houst. A Tex. Cent.
10
4
148
pref.
pref.
Eliz. Lex. A Big S.
1887.
50
578
*10*2
Clev. Col. Cin. A Ind.
Clev. A Pittsb.,guar.
Col. Hock. Val. A Tol.
Col. A Greenv. pref.
Del. Lack, a NVest’m.
Don. A H. G., ass pd.
Do
pref.
Denver A Rio Gr. W.
D< s .Moi 'es t Ft. D.
E.renn.Va.A Ga.Ry.
18s7.
-r
..
Reserve In Id
53%
pref.
Do
.
....
57
54%
Ohio. Burl. A Quincy.
Chic. A lad. Coal Ry
Do
prof.
Cli c. A East 111
Chic. Mil. A St. Paul.
Do
pref.
Chie. a Northwest..
Cin. Ham. A Dayt’n.
Ctn. lud.St. L. A Ch.
Cin. Wash. A Balt...
M 320,086,100 337,48'>,700 346,428,00
76.6»2. *00
7o,52 • ,;e.o
109, .54,4 00
8 13^,700
m, “237,000
y'
9.8lO,0o0
y 385,0 j 7,200 347,0 *5,700 34 1.1*35, ion
2 0.778,
19.211,000
2.171,800
0
y
....
1 at inn
AND
102
10
98
60
§303a
Do
pref.
Chic. A Rock Island.
Chic. St. L. A Pittsb.
Do
pref.
Chic. St.P.Minn.A O.
Do
pref.
!
Few York C ii </ Lank.'.—
......
.
1885, 1886
1
STATISTICAL SUMMARY ON OR ABOUT OCT.
11%
....
1886 and 1887.
dise, about the 1st of October, 1885,
Cir
Net
At.-hison Top.A S. Fe
Atlantic A Pacific...
Best.A N. Y. Air L. |>f.
Buff. Roch. A Pittsb.
Canadian Pacific
Cauatla Southern
O. dar Falls A Minn.
Central Iowa
Central of N. Jersey.
Central Pacitic
Uies. A Ohio
Do
1st p ref.
Do
2d pref.
Chicago A Alton
a
year.
Just at the close there was a better feeling, and prices
had recovered materially from the lowest figures reached.
Closing
July 30.
Albany A 8usq
time and
temporary buoyancy, which was speedily lost,
however, and the market relapsed into its previous stag
nant condition. During the balance of the month there was
little animation, and during much of the time depression,
in which many stocks touched the lowest points of the
A ugiisl.
September. —
Loic- High- Closing Low- tiiyh Closing
esl.
esl. Aug. 31.
est.
esl. Sepl. 30.
150
150
.
Ohio
syndicate negotiation was announced.
By this im¬
portant agreement Messrs. Drexel, Morgan & Coand other prominent bankers formed a syndicate to
raise $10,000,000 and clear off the floating debt of the
Baltimore & O uo IT ul road Company, taking preferred
stock and new consolidated bonds in payment, and hav¬
ing a voice in directing the policy of the company. This
transaction raised the
421
6 14
3
87%
17
41
75 4
80
9
31%
294
......
......
89%
1004
1 -4
137
7 *
138%
244
......
....
•
i 86
7b
4
1124
......
....
.
264
^
......
76
*
200
109
32
27
61 34
35 ‘4
21o
1 54
- 4
2 i 4
12
4
1.4
18 4
174
5' * 34
150
16L
24
29-%
704
4
2 30
.
13%
lo%
30%
154
42%
244
55
30 %
5o4
25 4
13%
204
18
•
-M
2 1 %
23
1165
II 504
152
164
......
26 4
5a4
—...
78 4
86
13
*82
......
33%
'35
......
38
4
75
1134
744
105
115
74
37
75
113
66
1044
166
......
••••••
......
t Ex-dividend,
.
26
26
10
204
...»
4
2-4
18
.
61
109 4
60
9 »4
07
7
.
*16 4
9
29
4.3
62
30
66 4
40 4
46
43
.
...»
.
§1C3%
204
....
17
*30
16 4
32
24
3..4
-
1034
*ii
13
200
92
36
*;s
25
§03 5a
§*<>2
2<*4
2.) *8
....
110% §108
7%
50%
......
105 4
14
2 -4
24 4
1 t
38
22 4
234
......
......
8
12
*25
274
4
4
*
214
4
344
384
76
71
*110
115
105
115
22
29
25%
w "
U Ex-righ;i
THE
422
CHRONICLE.
[Vol. XLV.
which would need to be paid out of the Treasury—
indeed, wTith a small reduction of that amount. Let it be pro¬
RAIXROAD8.
Toledo & Ohio Cent.
posed, for an illustration of this method, that each holder of
50
57%
53%
57 Ifl
54%
5138
52*8
Union Pacific
four per cent bonds be offered the privilege of receiving, each
210%
210%
United Coe. N. J
44
41%
44
35
Virginia B!idland...
year of the twenty years which the bonds have to run, five
Wab. 8t. L. A Pac—
18%
18%
16%
1838 *16%
ie%
17%
Pur. Cono. recpte..
per cent of the principal; and that he receive interest at the
32%
33%
30
28%
3212
29
26*2
Do
p»ef..
rate of four per cent on that part of the debt not paid, and
41%
35
40
47%
4238
3512
42*8
Wheeling &L. Eiie.
three per cent on what has been paid.
Telegraph.
Thus the owner of a
79% ,§75%
72% §70%
75%
7018
70%
Western Union
$1,000 bond would receive each year $50 of his capital. The
Express.
*140
150
145
149
second year his interest would be four per cent on $950 and
152
145
Adame,
108
109
106
*107
Ie9% 10712 110
American
tlTree per cent on $50—that is, it would be $39 50. The tenth
70
76
68
76
76
65
United States...
*125
130
120
*125
131
128
Wells, Fargo & Co.
year, half his capital having been paid back to him, lie would
Coal and Mining.
still be receiving an income of $35 ; and the eighteenth year,
36%
30
41%
36%
43%
34
39
Colorado Coal & iron
20
20
20
when his claim on the Government had been reduced to $100,
Consolidation Coal..
28
24
33%
29%
36%
30
2612
Colum. & Iloek. Coal
14
he
would still receive $31 interest. This is surely a very great
14
12%
15
14%
1212
Homestaae Mining
*10
11
10
11
11
inducement
to bondholders to accept the proposition. Perhaps
land
Coal
Mary
15
15
10%
13
9
Marshall Con. Coal..
it is too great an inducement, and the rate of two per cent on
51% 150
50%
507e
N. Y. & Peny Coal..
MO
11
9%
11
9
11
New Central Coal...
*26
27
27
26%
that'part of the capital canceled may be quite sufficient.
27
25
241a
Ontario Silver Min..
268
1275
266
f 275
268
268
Pennsylvania Coal..
5
*5% E?And howT does this affect the Government? It is easy to see
5%
*5
*6
512
Quicksilver Mining.
*22
25
25
*26
30
27
30
by a simple calculation that whereas, if the four per cents
Do
pref.
27%
30%
26
21%
34%
25%
31%
Tenn, Coal & Iron...
wTere left undisturbed until the date of redemption, the Gov¬
Various.
29% ernment w'ould pay in twenty years $1,000 as principal and
33%
26%
30%
36%
28%
34*2
Am. Cotton Oil Trust
72
77
67
72%
76
7112
7338
Consolidated Gas Co.
$800 as interest on each $1,000 bond, it would, by this method,
99%
96% 101%
99% §98*8 102% 5100%
Del. & Hud. Canal...
39
45
31
38
46
34
pay only $705 besides the capital; and would effect a grand
45
Oregon Improv. Co..
95
€<4
§90
90%
84
95%
9212
Oreg’n R’y&Nav.Co.
41%
632%
43
38%
§39% saving on the 738 millions of bonds outstanding of $70,110,37
373*
Pacific Mail
98
89% 100
*95%
100
000.
Were the suggestion of 'two per cent instead of three,
95
*98
Philadelphia Co
68%
75
62
65
65
56%
673a
Pipe Line Cerufic’ts
the
on
152
151%
145
paid debt, be carried out, the saving would be $190 on
142
148% 145
Pullman Palace Car. 148
97%
9638
each $1,000, and $140,220,000 in the whole.
Silver Bullion Cert..
It will instantly occur to those who consider this scheme
Prices bid. I Prices asked. § Ex-dividend,
Ex-rights.
that a purchase of bonds outright, under the existing system,
BANKERS’ STERLING EXCHANGE (POSTED RATES) FOP. SEPT., 1887.
is quite as favorable for the Government. It must be admitted
De¬
60
De¬
60
De¬
60
Sept.
mand.
Sept.
mand.
days.
that in a money point of view there is not a very great differ¬
Sept.
mand.
days.
days.
S.
25....
ence, though a careful computation will show' that the advan¬
4 80%-l 4 85-%
113
4 85
4 81
1
4 85
26.... 4 80%
14.... 4 80%-l 4 85-%
4 85
2.V.. 4 81
tage, on the whole, is likely to be on the side of that herein
4 85
27.... 4 80%
15.... 4 80%-l 4 85-%
4 85
3.... 4 81
4 85
28.... 4 8<»%
16.... 4 80%-l 4 85-%
8.
4....
proposed. But there are certain advantages, aside from the
4 85
29.... 4 80%
17.... 4 80%-l 4 85-%
Holi day
5....
85
4
4
oO....
80%
simple
matter of the amount of money required by either
8.
18....
4 85
4 81
6
19.... 4 80%-1 4 85-%
4 8** %
7.... 4 8* %
plan, which wall make this one preferable. Before consider¬
20.... 4 80%-: 4 85-%
4 84%
8.... 1 80%
21.... 4 80%-l 4 85-%
4 84 %
ing the collateral branches of the subject, let the two systems
9.... 4 80%
R’nge
22.... 4 80%-I 4 85-%
4 84%
10.... *4 80%
l>e compared simply as rival financial expedients.
t
4
We will
81
85%
4 85
High
23.... 4 80%
s.
11....
4 84%
Low 4 tO%
4 80%
4 *5
24...
4
85
4
12....
80%
suppose, to make the calculation easy, that the amount of
four per cents to be dealt with is a round 700 millions, and
that the Government proposes to devote an average of 60 mil¬
HO W TO PAY THE FOUR PER CENTS.
lions each year to the payment of interest and the reduction,
September.High- Closing
est. Aug. 31. est.
est. Sept. 30.
-A ugust.
Closing LowJuly 30. est.
.
-
«
•
•
•
/
money
High- Clos’g Low-
mm mm
..
.
......
......
......
......
•
—
There will be
no more
important question before
Congress
session than that which concerns the future of the
debt. The situation is perfectly well known. There are no
bonds which can be called in and redeemed at par.
There
will be none until the four-and-a-lialf percents become redeem¬
at its next
Now', under the plan here projiosed, the
700 millions for
principal and 493J4 millions for interest (at 3 per cent on paid
debt; 427 millions at 2 per cent), an aggregate of $1,193,500,*
000, or a trifle less than 60 millions a year. Suppose, on the
other hand, that it devotes each year the difference between
60 millions and the interest payment to the purchase of bonds.
Is it a violent supposition that it would be forced to pay an
average premium of twenty-five per cent during the wdiole
time? It may seem so, to-day, when everything is depressed;
but in ordinary times the price of these bonds wdll be so much
above the suggested average, and the stimulus to the price
caused by reducing the supply would be so great, that we
might fairly expect the premium to be nearly or quite as much
above 25 during the first ten years as it would be below it
during the second decade. Assuming, at any rate, an aver¬
age of 25 per cent premium, w’e find that the Government
would, during the first year, pay 28 millions interest; it w'ould
have left 32 millions of its 60 millions, with which it could
purchase $25,600,000 of bonds, and at the end of the year the
7> 0 millions would be reduced to $674,400,000.
Following the
s.ime method through twenty years we find that at the expir¬
ation of the time the Treasury would have left a trifle over
tw'o millions of its last 60 millions, and would have extin¬
guished the debt. Another calculation, on the assumption
that the average price of bonds would be 25 during five years,
20 during the next, 15 during the third and 10 during the
fourth period of five years, indicates the cancellation of the
whole debt in a few' months less than nineteen years.
But
this would not be so economical as it would be to pay the
bondholders five per cent of the capital annually, and to con¬
tinue interest at two per cent on that part which had been
of the
(Communicated).
principal.
Government
wTould spend in twenty years
September 1, 1891 ; and after that loan—very incon¬
compared with the great live and six per
cent loans that have already been canceled in years gone by—
has been extinguished, there will be none available for redemp¬
tion at par until the middle of the year 1907.
Meanwhile the
revenue of the Government, which has heretofore been applied
to the reduction of the debt, continues undiminislied; and
although there is a general agreement among men of every
party that taxes ought to be remitted, more or less, there is a
no less general sentiment in favor of continuing to reduce the
debt. The problem which Congress must face, and which it
must solve, or else confess its own impotence, is, how shall
the Treasury gain access to the two classes of bonds, which
the holders do not wish paid, and which will only be redeem¬
able four years and twenty years hence, respectively.
There are three, and it is believed only three, ways of effect¬
ing the reduction of this debt not due. First, it may be done
by the method now in use, namely, by purchasing in the open
market, paying the price demanded for the bonds; which
means paying a high premium.
Secondly, it is possible to
devise a funding scheme which will gain for the Govern¬
ment the privilege of calling in bonds to the extent of the
Surplus revenue; but this, it is obvious, can only be done
by conceding to the bondholders advantages which they
do not now have, as compensation for the loss of perma¬
nency of their investment. It is not easy to suggest any
Bach compensation that does not take the form of money. discharged.
No doubt there will be those who wdll declare, and perhaps
Either interest or principal must be increased.
The Govwith
seme violence of language, that it would be outrageous
B imient must jay more for the privilege of paying soon.
A third way remains. It is possible to accomplish a gradual for the Government still to pay inter* st <n a debt that has
3reduction of the debt under a plan which offers advantages to been canceled ; but in the first place it must be remembered
bondholders without increasing the aggregate amount of that the bondholders are entirely satisfied with the situation
able
on
siderable in amount
ft
October 1,
it is.
423
THE CHRONICLE.
1887.]
~
-
■
-
•
.
*
-
They do not wish to be paid,
have the iavestIMPORTS AND EXPORTS FOR AUGUST.
The Government
The Bureau of Statistics has issued its detailed statement of
desires to adopt, but cannot carry through without their con¬
the foreign commerce of the country for the month of August
sent, a plan for the gradual reduction of this debt. There¬
fore, in considering this proposition, the only questions are : and the eight and twelve months ended with Aug. 81, 1887,
first, will the bondholders agree to it? secondly, is it the cs well as comparisons for the corresponding periods of the
preceding year, as follows :
cheapest plan the Government can pursue ?
MERCHANDISE.
It may be said, at least, that it is not more expensive than
the plan temporarily in use, while it possesses two distinct
For the
For the 8
For the 12
advantages over any other process of reduction yet suggested.
month of Months ended Months ended
August.
Aug. 31.
Aug. 31.
First, it is entirely independent of the market. The experi•ence of the
$54,427,681 $426,926,034 $703,870,663
past few weeks, if carefully studied, will show 1887.—Exports—Domestio
as
ment
what
as
a
it
or to
stands disturbed in any way.
boon it would be to the business world if the return of
money from
and regular,
the Treasury to commercial use were automatic
instead of depending upon the power of the Sec¬
retary and the bondholders to come to terms during a season
of money stringency. Secondly, it would effect the payment
of this debt systematically—so much a year, and at a rate
which would extinguish the whole at maturity.
The exact
amount required for this purpose, together with the sum
needed for ordinary expenses, would furnish a more precise
measure
of the
revenue
needs of the Government than
8.286.025
13,151,657
99«,402
$55,426,083 $13 >,212,o;>9 $717,022,320
65,736,153 479,8/1.29- 700,330,820
Imports
Excess of exports over imports
$16,691,500
Excess of imports over exports! $i0,3i6.o76 $44,609,239
Foreign
Total
$50,217,361 $422,574,801 $680,626,536
9.018,959
12,985,204
966,342
Total
$51,183,703 $431,093,700 $693,611,740
58,675,786 442,919,667 649,906,740
Imports
Excess of exports over imports
$43,705,000
Excess of imports over exports
7,492,6*83 $11,32*5,907
1886.—Exports—Domestic
Foreign
GOLD AND SILVER—COIN AND BULLION.
have
we
1887.
had for twenty-five years.
At all events, this method of
dealing with the debt is sug¬
gested in the hope that if it does not meet with approval in all
its details, it may lead those who are disposed to criticise it to
exercise their own inventive faculties in devising a better one.
Total
Silver—Dom
Foreign.
Total
-
The situation demands the best thought and the most earnest
co-operation of all who
great problem.
can
Silver
Total
Edward Stan wood.
WEEKLY RAILROAD EAR NIX GS.
Total
Silver—Dom...
Foreign
Total
Total exports
Imports—Gold
Silver
Atlantic & Pacific
Buffalo N. Y. A. Pliila
Buffalo Roch. <fc Pittsn...
Cairo Vincennes & Cliic..
California Southern
Canadian Pacific
...
Chicago & Atlantic
Chicago & East. Illinois..
Chicago & Ind. Coal
Chicago Mil. & St. Paul..
Chicago <fc West Mich
$
40,286r
61,500|
37,725
16,327
30.784
239.000 |
48,601
49,173!
10,980
$
35.974
1,751
14.236
2,091
22,452
8,332
18,000
5,'93
4,426
221,000
43,008
44,747
4,360
526,000
29.564 )
573.506
Cin. Ind. St. L. <fc Chic...
Cincinnati Jack. & Mack.
Cin. N. O. & Texas Pac...
Alabama Great So
New Orleans & NT. E
56,018
12,635
68,969 !
56,800
Vicksburg & Meridian..
Vicksburg Slirev. A Pac,
Cin. Richmond & Ft. W..
12,095
12,441
8,877
Cincinnati Wash. A Balt.
Cleveland A Mar.etta
Col. & Cin. Midland
Denver & Rio Grande....
50,005,
....
Det. Lansing & Northern.
East Tenn. Va. A Ga.
...
Evansville «te India’polis.
Evansville <fc i erre H
Flint <fc Pere Marquette..
Florida R’way A Nav. Co.
Grand Rapids A; ind
Ind. Bloom. & Western..
—
Kingston & Pembroke....
Lake Erie <fc Western
Long Island
1.265
7,079
9,445
9,588
48,713
5,529
7,29 1
5,016
2,996
181,000
22,103
10>,940
5,635
18,521
149,085
31,915
25,053
87,799
4,323
18,14i
51.664
40,749
16,171
46,537
62.395
6,357
18,014
49,874
69,487
4,456
49.853
86.183
24,678
332,MiO
51,323
Marquette Hough. & On.
33.633
Mexican Central..
Milwaukee L. s. & West..
Milwaukee & Northern...
Minn. & Northwestern...
N. Y. City & Northern
N. Y. Ontario & Western
Norfolk & Western
Northern Pacific
Oliiotfc Mississippi
Ohio River
Peoria Dec. & Evansville
St. L. Alt. & T. H. (M. L.)
Branches—
St. Louis Ark. & Texas...
St. Louis & San Fran
84,500
77,816
...
St. Paul & Duluth
Tol. Ann Arbor ifc No.Mich
Toledo & Ohio Central...
Wabash Western
Wheeling <te Lake Erie....
Wisconsin Ceutral
Chicago Wis. A Minn...
Minn. St. Croix
Wis..
Wisconsin & Minnesota.
Net increase (11 *10 p. ct.)
21.982
39,022
12,381
35,339
93,500
319,906
103.477
10,59e
17,026
33,642
22,110
63,377
126.176
44,750
12.172
24,191
144,449
1 4,399
41,142
Total
Imports
Excess of exports over imports
Excess of imports over exports
16,445
2,541
40,838
78,695
24,136
294,210
43,247
20,229
63,652
60,189!
14,021!
11,1711
336,o78i
101,507;
5,582 i
20,018'
29,106!
Total
Imports
$130,765
$1,174,552
705,140
$10,050,258
$11,027,913
$27*.58*6,124
$32,593,591
9,975,789
$42,569,380
$17,737,759
6,097,504
9.832,190
$17,125,4+ i
$57,175,705
$9,935,163
$27,569,949
$70,139,329
$24,961,639
10,374,939
$20,5 10,1 02
$3 J,865,603
15,763,793
$40,725,432
$29,413,897
$1,426,647
$55,93l,7o 2 $443,< 8 2,441 $726,472,574
16,335,249!
1,794,064
25,918,870
$57,725,816 $45 +,417,690 $752,341,4 44
73,432,660 504,554,002 763,286,068
$15,706,850
$10,894,624
$45,136,312
$51,517,824 $164,770,153 $730,957,886
1,676,336
23,499,312
32,793,183
$53,194,160 $488,7t 9,40 ) $763,751,069
65,112.890 46 1,229.764 690,632,172
imports
$2o,58.',6 jo $70,118,897
Excess of exports over
Excess of imports over exports
$11,918,730
IMPORTS AND EXPORTS BY PRINCIPAL CUSTOMS DISTRICTS.
711
1,352
Imports.
618
Customs Dis¬
937
tricts and
2,950
1,312
2,076
10,915
1,843
3,337
7,092
1,915
7,488
5421
38,590j
13.404J
20,8 48 ‘
17.627;
7.961
27,851
59
6,455
24,667:
16,172
1,970
5,010
.
_
.
2,992
*
4,53 61
18,333
3,777!
38,633
24,714!
118,057
48,628
8.168
16,016
112,042
8,119:
3,873
4,004
8,145'
32,107,
1,955;
13.617
12.444
30.552
5,815
10,661
G,722
6,397
4,051
10,590
7,832
4,264
2,671
3,810,531
3,455,095
465,870
385,436
Aug. 31.
Imports.
Exports.
1887.
1886.
8 months ending
A ug. 31.
1887.
1886.
"
8,076i
.
8 months ending
Exports.
$
S
$
$
Baltimore, Md. 1,075,w 59
,755.447
8,31',264 35.236,532 31.318,835
9.000,445
Boston, Muss.
5.459,777
,191,794 41,114,672 43,273,450 30, *33.0-<4! 38,225,221
Buffalo Ck.N.Y
422,6521
39,908
3,120, 64
3.45o,0 '3
209,370
231,312
Champl’n, N. Y
4*8,-*<18
245,301
2.366,872
1,854,925
1,090,704!
952,223
Charlest’n, S.C
30.460
184,U81
387,397
287,200
4,703,539
7,480,939
Chicago, 111.... 1,631,304
252.060
7.63",041
7,87 5,531
1,025,091;
1,458,266
Clmnunaii, O.*
194,4U1
1,416,389
1,714,123
Detroit, Mich.
273,987
214.540
1,05^.218
2,675,033
1,0 >8,079
2.840.230
Duluth, Minn.
61.032
1 L2.055
791,434
35.593
3,182,346;
1.320,809
67,450
(ia)vest’n, Tex
199,931!
508,009
422,007
0,473,535
4.491,626
68,800
Milw’kee.Wis.
40',1.36
308.937
Minn’s’a.Minu
81,562
509,157
537,294
490,697
1,740,132
504,740
Mobile, Ala...
35.864
15,936
00,158
35,581
1,5)99,344
2,079,334
New Orl’ns.La
556,961! 2 ,545/71! 6,329,29;
5.319,82-) 40.229,295 47.165,389
New York.N. Y 44,285,729 28 ,374.621 310,067,546 292,103.134 203,9.(9,960 215,085.029
Niagara, N.Y..
+9,605
27i,9j8
+16,595
2,0)8,871!
+32,352
1,601,764
Norfolk, Va...
121.592
0,439.14 4
50.991
30.593
5,930,037
Oregon. Oreg..
259
905,780
534,634
166,208
809,601
228,537
195.106
1.287,508
1,220,210
1,492.540
267,644
1,130,060
Oswega’ie.N. Y
336,246
995,300
350,046
Oswego, N.Y..
1,234,297: 1.478,330
793,402
Philadel’a, Pa. 3,402,487
1,279,884 28.040.424 20,008.189 23,739,385 22,867,971
131,510
Portland. Me..
1,550,605
1,977,460
57,347
1,411,026
1,631,744
San Fran., Cal. 3,685,820
1,810,033 28,738.449 27.490,; 74 19,480,815 21,253,078
5.431
213.150
85.7 -tO
Savannah, Ga.
8,731,219
0,018,1.1.5
105,018
289,611
2.163,367
1,946.249
St. Louis,Mo.
9 55.373
523.681
109,203
1.139,007
3,594,228
3.407,033;
Vermont, Vt..
212,998' 1.700,225 3,533,978
280.8371
29,993
4.826
Willamette,Or
1,8V)
J
2
1,751
81.283
4,419
1,723.450
113,710
18,193
Wilmi’g’n, N.C
04,0 >8
5.551,58i
239.231
593,182
3,923,852
29,846
Yorktown, Va.
9,015
«
August, 1887.
Pouts.
12,440!
28,8841
68,8331
8,882,84-
8,741,584
$26,236,276
$35,369,124
$45,526,520
17,423,728
$62,955,248
1886.—Exports—Domestic
Foreign
782
8,824
6,177
1887.—Exports—Domestic
Foreign
34.011
57.970
23.294
28,725
10,089
$327,073
$31,li 7,409
$17,494,692
TOTAL MERCHANDISE AND COIN AND BULLION.
47,506
4,447
11.023
$2,Oo7,772
$2,299,733
$5,978,776
1,717,737
$7,696,513
$5,107,219
4,025,629
$9,132,848
$
6,62o
1,612
10,999
5,431
Louisv. Evans v. A St, L..
Louisville & Nashville
Louisville N. All). & Chic.
—
$
3,144
5,500
737,142
56,000
Excess of exports over imports
Excess of imports over exports
Decrease.
768.682
$1,879,692
$2,010,457
$4,959,557
1,47 8.547
$6,437, LU4
Total
Increase.
$7,899,884
$12,270,288
4,035,459
$16,300,74/
$24,205,631
$14,152,502
10,580,2 '2
$24,732,704
$125,911
4,854
Paul.
1886.
$241, yo i
$1,289,090
$5,396,780
earnings keep up well. For the third week of Sep¬
sixty-two roads show a gain of 11*16 per cent over the
earnings of the corresponding period in 1880.
Ten roads
report decreases, the heaviest in amount being that of the St.
1887.
$3,886,1 19
4,013,765
1886.—Exports— Gold— Dom...
Foreign
tember
week of September.
•
$214,981
26,°90
Excess of exports over imports
Excess of imports over exports
Railroad
77.
Total exports
Imports—Gold
contribute to the solution of the
Boston, Sept. 25, 1887.
*
-Exports—Gold—Dom...
Foreign
a
T
w
m
m
r
.
Totals,
(in¬
cluding all
oth’r Dists.) 65,736,153 55,423,0813 479,821,298 442.918,0157 435,212,059 431,593,700
Remaining in warehouse August 31, 1886
$31,232,361
$34,890,713
Remaining in warehouse August 31, 1887
Interior ports to which merchandise can bo transported without
appraisement, under act of June 10. 1880.
t Incomplete, in tie absence or law providing the nnu.s of collecting
the statistics of exports to adjacent foreign territory by railroad cars
*■
•
•••••••
80,434
aud other laud vehicles.
THE
424
CHRONICLE.
fXXmwtavpi (C o mmcvcial g n glisli JXcivs
[From our own correspondent.]
London, Saturday, September 17, 1887.
Commercially the events of the past few days have not dis¬
of any new feature. The manufacturing
industries seem to be fairly well employed, and the orders
on hand appear to guarantee a fair amount of activity up to
the close of the year. There is an absence of the fictitious pros¬
perity due to the extension of the speculative element, the
bulk of the business transacted being apparently of a legiti¬
mate character.
While a fair business is passing in the hard¬
ware districts, the textile industry is also looking up, and the
public sales of colonial wool are now progressing with more
animation—notably for fine qualities. Steel makers in the
north of England are understood to be full of orde s for some
months to come, and p ices are r. ceiving additional streng th on
account of fresh inquiries. There is r Iso a good deal of activity
in engineering work, and shipbuilders are tolerably well occu¬
pied. The tenor of reports generally from the manufacturing
districts is much to the s ine effect, and they may safely be
cons!rued to mean that the volume of business is quietly
expanding, and that there is every reason to anticipate that
its progress will not be checked immediately.
Some rather
better railway traffic statements and the fairly good Bankers*
Clearing House returns are accepted as indications of greater
fVcL. XLV.
le$s than last year, and the stock of bullion, which stands at
£20,288,064, shows a deficiency of £1,112,000.
The following return shows the position of the Bank of
England, the bank rate of discount, the price of consols, &c.,
compared with last three years :
1887.
closed the presence
Financially our position has undergone some rather appreci¬
changes. At the commencement of the week, with the dis¬
count rate for three months' bills at 4 percent in the open mar¬
ket, with a good i< quiry for loans diminishing balances, and
the continuance of the export demand for gold for New York,
the chances of a further rise in the Bank of England rate of
discount to 5 per cent were generally admitted to be strong.
Of course so lo^g as money here was so much higher than at
Berlin or Paris, large parcels of bills would be sent to the Con¬
tinent for negotiation, and the export inquiry for gold would
fall chiefly upon Paris; but there was always the danger of the
Bank of France and the Imperial Bank of Germany follow¬
ing the lead of the Bank of England, and adopting measures
to protect their resources, in which event the necessity of
meeting the demand for gold for export would be thrown
upon us.
However a slight chan ge has since come over the
scene.
The American Exchange has rallied, as there are
signs of a cessation of the gold shipments. It would now
seem that the money market is entering upon a calmer phase,
but at the same time it is necessary to remember that in view
of the possible revival of the foreign inquiry for gold that the
amount of money lying idle now is much less than it was a
few weeks ago; and, with trade improving, we cannot expect
a return to the old low unprofitable rates which prevailed
during the period of acn e stagnation.
Money was easier at the close of the week than at the com.
mencement, but the discount houses, finding that floating
balances are much restricted, have advanced their rates of al¬
lowance for deposits ).> per cent, giving 8 per cent for money
at call and 3J4 per cent if with notice.
The quotation for
loans, however, after being nearly 4 per cent, has since de¬
clined to 3}J per cent, and the discount, charge for three
months* bills has receded from 4 to 3;ss per cent. The present
total of “other deposits" held by the Bank of England is £21,925,001. On August 4, when the Bank rate was raised from
2 to 3 per cent, the total was £25,782,895, so that in a period
of six weeks there has been a reduction under this head of
£3,857,804. It must, however, be remembered that the har¬
vest this year was some three weeks earlier than usual, and
the money temporarily abstracted for the payment of wages,
etc., in connection therewith will soon be returning to us.
The Bank of England return is more favorable tlia.n was
calculated upon. In the important item of bullion the de¬
crease is only £51,224, and as £127,000 was upon balance
taken for export, it follows that over £75.000 must have been
returned from general circulation.
The reserve has gained
£205,491, and the proportion to liabilities, which last week
was 43 22 per cent, is now 44*40 per cent.
The principal
alteration in the return is a reduction of £2,152,082 in Gov¬
able
ernment
securities.
been
seem
from this that the Bank
reducing its holdings of consols by borrowing
has not renewed its treasury bills.
reserve is now £11,643,039, or £974,000
money on them, or
The amount of the
It* would
1885.
1884.
_
,
circulation, excluding 7-day and
other bills...
'ublic deposits
>ther deposits
Government securities
)tber securities
ieserve of notes and coin
Join and bullion
Reserve to liabilities
Sana
£
24.533.o2-'
24,395.625
4,117.558
2!,f 27.00)
2.5!
£
£
21,438,945
25.2o0.275
8.836;
sM.2il.43oj
4-.0J0.8l8j
6,002,365
29.057.491
21,382,082
13.045,712 12.380^1.3 14,955. Go! 13,601,800
19.807,134 19.827,2 45 J 22.475.11*4 20,802,920
11,643.039 12.01 7.UC,j 14,130,950; 13,359,101
20j288,G0 i 2l.4oO.L21 22,869,00!! 22.809,310
4S>./ ii. e.
44*40 p. c.
4 2 g p. e
45^ P- c
.
e.j'
7-1(5.1..
3,H>
4 p.
rate
2 p. c.
[>. c.
2 p. C.
lonsols
101
’learimr-IIouse return
87.174.000 115.0*8, >' 0 103.55095,361,000
Messrs.
Pixley & Abell write
as
10-kk
follows
100t$
on
101H
the state of the
bullion market:
Gold —Tile demand for gold lias died away, ai d some, parcels have
been offered without finding purchasers. The amount* withdrawn from
tile Hank are, £ 10,000, while £ 104,000 lias been paid in. T/m arrivals
are from China £.8 000, from Buenos Ayr.-* £3 ;.o '0, and from the
Cape £3,000; total, £01,000.
£
The Peninsula & thie. tal steamer takes
2,5* 0 to Bombay.
Silver —Further movements have taken place, and after a relapse of
44^d. on the receipt of better ex¬
changes from the East. The arrivals are £106,000 lioiu New Yolk and
£54,v 00 has betn shipped to Bombay.
Mexican Dollars have been a dull market, and the last transaction to
record is at Ld^d.
£5,0*. 0 has arrived from Vera Cruz*.
43Hd. the price has improved to
Tenders for
£1,500,000 Treasury bills will be received by the
England on the 23d inst., to replace a similar amoun t
falling due, and which were were issued in June last at an
average of £1 Os. 2d. per cent.
The profits of the Bank of England for the half-year end¬
ing August 31 were £691,655, making the amount of the
“rest” at that date £3,714,301.
A dividend of £4 15s. per
cent was declared for the half-year at the meeting just held,
and after paying it the “ rest ” will be £3,023,034.
The Bank of England has been empowered by an order
in Council to increase the note issue by £450,000.
Messrs. Morton, Rose & Co. give notice that they are pre¬
pared to receive applications for an issue of £595,200 6 percent
Bank of
commercial soundness.
has
1886.
sterling bonds of the Province of Cordova (Argentine Repub¬
lic), the issue price being 91 per cent, and the loan redeem¬
able in thirty-three years by an accumulative sinking fund
of 1 per cent.
Beerbohn's Corn Trade List publishes the following esti¬
mate of the world's wheat supplies and requirements for the
next twelve mon'hs:
Pn.hi, hie
Jicquirt moils.
United States and Canada
United Kingdom
qrs.
9,mi'),'..’00
Belgium...Germany
2,On :.doO
1,0(>0,000
I,00o,c00
Holland
2.5 0,000
10,000,000
Austria-Ilumraiy
It al
1,5* o.ooO
4,000,*>00
Spain and Portugal
1,50<*,0< 0
Svviizcrlund
1 ndia
Australasia. Chile and Argentine Repub.«
Indies, China, Ac
•
4,000.000
1,500,000*
2,5->o, 00
75d,OOd
Greece, Ac.
Sundiies
Total
Surplus.
15,0.0,000
17,00 *,0!-'0
Fiance
West
Probable
1,000,000
3
,25o, OO
34,0 JC,000
“The result of these figures is that the apparent aggregate
surplus <>T the various countries is only about 725,000 quarters
beyond the requirements of the importing countries, and in
connection with such figures this difl'eronco may well be called
a mere bagatelle; for it is an incontrovertible fact that the
reserve stocks of old wheat in Europe—say in Russia, Hun¬
gary, Germany, France and England—are at an imusually low
point. It is difficult to say what the reduction in the reserve
stocks in these countries is equal to, but in a vague way they
may he estimated to be from 10 to 15 million quarters below
those of an ordinary year."
grain trade has remained in a lifeless condition. Nothing
and dealings are merely from
hand to mouth. At Mark Lane wheat has moved oil very slowly.
Fine white samples have been fairly well held and have real¬
ized 32s, per quarter, but for red wheat the trade has continued
to droop, and
the top price is now only about 30s. ] er
quarter. Values may now be said to be determined. Suffi¬
cient of the new crop has been marketed to enable quotations
to be fixed with some approach to exactitude, and any further
changes which may take place may he attributed to the
relative positions of demand and supply.
The new season ha
not opened very brilliantly.
The Imperial average for tlfi‘
past week was 29s. lid, per quarter, but for the second.it
The
lias occurred to stimulate business
fel^
October 1, 1887.]
THE CHRONICLE
to §9s. Id. per quarter, giving an average
29s. 6d. per quarter.
Unfortunately for
for the two weeks of
holders the market
just now does not seem over strong, and an early recovery is
at least doubtful.
Nothing fresh of importance lias occurred
in the statistical position.
The quantity of wheat and flour
alloat to us from all parts differs but
slightly from this time
last year, but the difference is in favor of this
year.
The following shows the
imports of cereal produce into the
United Kingdom during the first two weeks of the
season, com¬
pared with last season:
EXFOBT8 AND IUPORT3 OF SPECIE AT
NEW YOKE.
ewt.
Barley
Oats
Peas
Beans
Indian
Flour
—
1R87.
18R6.
2,923.370
406,OL9
2,-170,-577
3,370,041
406,213
691.739
267,333
421,046
7 <,74 2
217,465
4 9>,990
111.7 72
Week.
3reat Britain
Prance
83".3 47
0, J S .3
8 38,153
<«-
1««4.
003.613
455,147
608 366
Supplies available for consumption (exclusive of stocks
September 1):
1897.
Importsof wlieat.evt. 2,^2 370
Imports of Hear
755 333
3,683,220
455.1 47
1.38 >,707
4.190,164
5 221 735
6,423.4-5
following-shows the q antities of wheat,
afloat to the United Kingdom:
flour and
5,400,086
270v week.
hast week.
I,- 63,000
1 64,000
257,000
Qi'H.
Flour,equal toqrs.
Maize
qr3.
15 >,000
257,000
Enijhiii
Financial
daily closing
5d.
32s.
9d.
31s.
31s.
coin aud
tember 30.
London.
Sat.
Silver. per or.
a.
Console for money
Console for account
Fr’eh rentes (*r. Paris) fr
U. 8. 4^8 of 1891.
U. B. 48 of 1907
Canadian Pacific
Chic. Mil. A St. Paul
Erie, common stock....
Illinois Central
44**
44^
10P* fl
917212 81*25
lUJe
1273s
54%
30
29
122*4
57i4
3(6%
12218
111
1U>78
Thurs.
0 i
M
54%
5lie
3’a
84
3(P%
122 3a
8
30ift
122 5%
5?i2
57 tg
29-h
57di
31i4
30 tQ
IP 7ft
112
1019,0
57
3 l
attention and
30%
3
’ft
94
organized:
and
Exports
i
For Week.
|
1
|
1885.
1886.
$ 2,3 40,578
5,171,68 L
Total
Since Jan. 1.
$6 889,728
$6,631,7 25
$7,512,259
$9,736,240
$>9,6 >2,915
$75,746,054
204,18 3,629
$83,858,412
$93,816,149
230,005,895
251,401.939
228 628,124
Total 38 weeks. $319,321,019 $2 79.929,6s 3
j
i
•**<#>•*
YOKE
l1:84.
$5,999,936
2 0 8,3- 5.615
Total 38 weeks. r24 1,32.",575
$1,501,302
1,35$,'*82
*1,485,774
American gold
were
securities
new
in
this
week
at;
Shcn'cs.
30 A mar. L >an <$z Trust Co.
20 Standard Oil Trust
Ilonas.
$8,009 St. Paul Eastern Gr.
Trunk RK
1st, Os, guar, by
Miiw. L eke Shore y West...
I20-\
10934
,
OUg
a id Ifi iiact il.
HARVEY
FISK
Nassau Street,
28
&
E*cehinge bought
monthly balances
SO N
S,
New York.
«IV(UIUIPr»\, N. Y., 3 !-2s,
$5,610,253
23
4,4 21,359
Il
$2,967.93 4
6,798,307
CITY
HELENA
A:
OF
RED
$6,650,217
223,434,100
SILIW, N. Y., Is,
7s, 7 3-10s,
MOUNTAIN, Gs (No. P.ic. guarantee),
KANSAS STATE,
4s.
FOR SALE I1V
COFFIN & STANTON, Bankers,
10, 11, 12 ami 13 Mortimer nnihlinar. Wall Slreet, N.
CITY
SIX
TVfofcm.
18S6.
tClIHSTUK, N. Y., 7s,
CINCINNATI
318.964 307 *9 15.91 8.037
Ron tub
1885.
OF
TOWN OF
I* GR
OF
1887.
$6 397,1 63
2 18,ft25, j7o
a
TOPEKA,
CEYT
ISSUED FOR
nil»lF)VK1IK\T
STREET
The following table shows the exports and imports of spe< ie
of New York for the week ending Sipt. 21, and
since January 1, 18b7, and for the
corresponding periods in
BOYDS.
IMPROVE »IK\TS,
These bonds, besides beinx based on tlio credit of tli<* City, arc
on n II I lie A bn M i n a Property, valued at
>G,93*2,<I00
First Lien
$7,276,234
-
$25,<*00.000
$122,900
Fopu aiioii, about 40,<)i)0.
FOR
FURTHER
FARTICULARS
Oil IS WOSLD
1 86 and I860:
i
Y.
K4X5
Assessed valuation ofthc C ty
Actual Valuation over
Total Indebtedness Exclusive ol tUIs Issue
$240,031,612 ^239,034,317 $225,22 >/.33
at the port
§38,500
American silver coin.
AH stocks aud bonds listed on the New York Sleek
id sold on com mission, for c.isb.
Deposit accounts received aud interest allowed on
eu >joct to draft at sight.
-
{
17,4 31
55,302
a
In our report of the dry
goods trade will be founa tn^ u
ports of dry goods for one week later.
The following is a statement of the
exports (exclusive of
specie) from the port of New York to foreign ports for t f
week ending September 27, 1887, and from
January 1 to date:
I.
$r,soo
7,663,701
INVESTORS.
1937
4,95t,908
For the week...
Pre v. reported.
$8,250,512
FOR
CITY
?1.674.817
1
27,636
correspond with the advertisers,
CITY OF
$2,063,600
4,826,128
nxr-OKt.j
.1,126
40,600
SEC U R lT l E S
VOLE.
Dry Goods
Geu’lmor’dise..
Gen’l uier'dise..
397,657
72,200
210,413
45.’,106
1
^ j, «* ^
Dry Goods
2,022
2,031
12,633,517
same tun?
were
for the
FOiiKIGN IMPORTS AT NEW
I
|
49,35(>
90,9851
2,216
149,400
United States Government and other desirable
Week.—The imports of last
week, compared with those of the preceding week, show ;l
de< rea^e in dry goods and an increase in general merchandise
The total imports w<-re §9.763.240, against
§9,395,604 the pre
ceding week and §6,846,005 two weeks previous. The expor.a
for the week ended Sept. 27 amounted to
§6,397.163, against
§6,220,8-13 last week and §1,926,899 two weeks previous. T5 e
following are the imports at New York for the week end!} g
for dry goods; Sept. 22, and for the week
ending (for gen¬
eral merchandise; Sep:. 23 ; also, totals since the
beginning of
the first week in January :
i
1
IJauluug
b:itik3 have recently been
3,793—Tae German American Na’ional Bank of Kansas City, Missmri
Capital, $2 0,000.
James Kellogg Burnham, President
Louis Bauerlein, Cashier.
Imports
$177.32l!
B.lway & 7 h Av. Ipt.Co. 175
Commercin' anti BXtsccllaucous ilea?National Ban is.—The folio wing
$211 ,GS0
50 Liberty lus. Co
91
63 Standard Oil Trust
169*4
20 Mutual Gas Li id it Co
92 4*
100 Amor. Loan <Sc Trust Co. 116
13 L .> 11111 A- Rami Powd’rCo. 130
62
5 Knickerbocker Ice Co...
95)Rj
122 hi
': 2
$15
807,173
168,640
2 9,420
21,358
56,479
Shares.
10
81 9ft
575s
r>8
1 I 33%
$'.\94G,Si2
8.COO
Auction Sales.—The following were sold
auction by Messrs. Adrian H. Muller & Son :
271-2
53 •%
r.i
xSi%
30 rV
12.1ft
$154,606
14,721
§G,112
0
91*70
11 l l4
L
8,210,149
—Attention is called to th? list of securities off red in our
columns by the well-known house of Messrs. C fiin & S anton
An examination of their list this week will disclose
that they offer a line of
city and town bonds which they state
are adapted to meet the
legal requirements for the invest¬
ments of
saving banks of this State. The officers and com¬
mittees of these institutions will do well to
give tins list their
Fn
1019
1,625,497
plan of reorganization of February 4, U87,
will be ready for
delivery at the oflice of the Ontral Trust
Uorupany, 54 Wall Street, on and after Go ober 3, 1887, at
which time accrued interest on bonds wi 1 be
paid. Parties
depositing stamped stock for exchange will receive temporaryreceipts, and certificates for the new stock will be issued on
the third day thereaf ter.
41io
uuo16
101 "-a
101 ■%
81-5 71-2 8 L‘62 !jj 8 i -65
11 lift
3 11 14
11 iq
127 •%
12 7%
1274
53%
835s
44tt.g
1019,0
q^
loin,*
111)8
127:%
85
Wed.
44 5*
l ol
1017,p
Pennsylvania
Philadelphia & Readitu
.
lues.
216,387
459,163
6,109,610
New York Chicago & St. Louis.—The
Mariiei*—Per liable.
Mon.
6,300
IS 3,850
accordance with the
for securities, Ac., at London
follows for the week ending Sep¬
ais
3.274 291
11.979
$6,343,731 $3,350,652 $21.558,023
6 45,266
37,152,156
11,714,597
6,494
exports during the
1983-8:.
34s.
:-4s.
10,320,^05
Of the above
imports for the week m 13S7 §432,435 were
American gold coin and §4,040 American silver com.
Of the
142.000
225,000
Id.
Sd.
$4,055,238
6,220,030
:
Total 1886.......
Total 1865
1,7 72.090
1884-85.
32s.
2,395.132
500.114
dexioo..
4 notations
reported by cable
New YetkCentral...
1835-86.
‘10/CO
128,636
1,717
968] 101
k»r«th America
4)1 other countries...
1 395.
1.645,000
133.O00
.319,0 )0
2,403, >74
West Inches
60s,366
2,131,8 >5
1936.
1,727,000
1836-87.
week. 29s.
Id.
season, 29s.
61.
Aver, price wheat
Aver, price wheat;
are
3.37 6,041
S3 <,4 53
Wheat...
The
2,47 6,577
home-grown.. 1,82 * ,333
Total
maize
JfA'4.
£61,134
Sales of
The
ISt 5.
31,657
1,017,4*0
1,901.: 91
15,47 2
Total 1887
1P8C.
Since Jan. 1,
$106,388
22 °5>7
$54,657
Silver.
ireat Britain
France
on
Week.
$123.5*3
1 c*,00‘0
Total 1887
Total 1886.......
Total 18 35
Imports.
Since Jan. 1.
$
Jermanv
West Inuies
ilerico
South America
ill other countries...
3, f 83,2 20
520,169
642.356
23,677
101,624
991.616
01.522
106,470
1,201.761
124,050
corn
1895
Exports.
Gold.
IMPOSTS
Wheat....
425
3
WALL
CALL
ON
OR
ADDRESS,
OILLUTT,
ST., NEW YORK.
THE
426
leading bankers are as
The rates of
(Sa^rttc.
Jhe gauffers’
following
dividends have
recently been announced
Name
of Company.
1^
Pref
j
(quar.).;
special (quar.;,
Ranks.
Gallatin
N. Y.
National
Pioduee Exchange
Miscellaneous.
American Bell Telephone
Cent. & So Ainer. Tel. g.
Mexican Telegiaph (qiiar.t
j
(quar.)..!
!
WALL
'Nov.
1
1
!oct.
3*2
\\
1*
ll
Oct.
Oct.
4
5
3
Oct.
Oct.
.
.
...
lj
6 Sept.
15 Oct.
29 to Oct.
6 to Oct.
5
15
-
|
3
1*2
24
Oct.
15 Oct.
October.
October,
STREET, FRIDAY,
1 to Oct. 12
-
j
Sept. 30,
1S87-5 P. M.
Financial Situation.—The week
and the stock market lias
and firmer prices.
is evidently inclined to do all
The Money Market and
has been one of better feeling,
reflected this in a steadier tone
The Secretary of the Treasury
that he reasonably may do to
prevent any trouble from the
in the Treasury, and this being known it
feeling of relief; on the other hand, it is getting to
accumulation of funds
has given a
be more thoroughly
Paris
(francs)
commercial...
bills on London..
4
speculators, or practically in¬
is a cry of tight money.
The railroad reports of gross and net earnings for August
coming in quite favorably, and Reading in particular
makes a showing that is really extraordinary.
The yacht races have taken oil a good deal of attention from
are
this week, and when this temporary diversion is
past, and many of the wealthy men of
return to their homes after the first of October, it would not be
surprising if we had a more active and firmer
least, is the outlook of the present moment,
any
troubles or unforeseen developments to cause apprehension.
the market
the city also begin to
market. This, at
barring
A better price for grain would probably induce larger ship¬
78*4
2 r 4 5 25
94
ft5 243q
39^8*391*16
39HiSft39%
..
94^^94*8
ft 9418
coins:
Coins.—The following are quotations in gold for various
Silver J4S and ^s. — 9934«>
$4 83 @$4 86 Five francs
_
ft
— 93
Napoleons
3 84 ft 3 88 Five
francs
ft —
Mexican
— 7534ft
dollars.. —93
X X Reichmarks.. 4 73
ft 4 77
Do uncommei cT — 754ft
X Guilders
3 96 ft 4 OO Peruvian feols
— 731*2ft
Span’ll Doubloons.15 55 '6 15 70 English silver
4 77 ft
Mex. Doubloons..15 55
ft 15 65 U. 8. trade dollars*—
75 ft
Fine gold bars
par ft Ijprern.
iU. S. silver dollars —99^4^
Sovereigns
Fine silver
Dimes & 4
*
Now
bars...
dimes.
—964ft
97
—99Vft par.
jU. S. silver dollars
1
95
74 q*
85
—99^6; 1 00
demonetized.
been almost
in the early part of
than $1,000 each
and prices. Prices
have not changed much and are about the same as a week ago.
Up to this time $9,822,150 of bonds have been purchased by
the Treasury Department under the circular of Sept. 22,
including $4,666,400 $44s and $5,155,750 $4s.
The closing prices at the N. Y. Board have been as follows:
United States Bonds.—Government bonds have
entirely neglected at the Board, the sales
the week being all in fractional lots of less
and so not appearing in our table of sales
understood that the Treasury will not dump
millions in the market to relieve
solvent traders, every time that there
4 85
804
4 7Ri2 *4
4 78
*4
5 2 0 7g ft 5
(reichmarks)
29 Ocr.
1 Oct.
15 Oct.
Nov.
hankers’ sterling
Demand.
Sixty Days.
Amsterdam (guilders)...
Frankfort or Bremen
inclusive.)
Sept. 30 to Oct. 28
6 to Oct. 20
9 to Nov. 1
1 to Oct. 16
;Ncv.
Dot.
N. Y. <fe New England,
Piltsl). Ft. Wayne & elite,
“
(Days
Cent. Payable.
,
Railroads.
Chicago Hot k Isl’d & Pac. (quar.)
Del. Lack. <Si West, (quar.)
;
Long I-land (quar.)
j
“
Boohs Closed,
When
Per
Prime
Prime
XL\.
follows:
September 30.
DIVIDENDS*
The
| VoL.
CHRONICLE.
Interest
Periods
..reg
.coup.
44s, 1891
4^s. 1891
Sept.
ti.
Sept.
.
ciirW. ’99.
This is the
Sepf.
Sry'.
27.
*10814
Q. -Mar. *108 4 *10314 *108 >4
6^, cur’cy,’95..
J. & J. *123
6s, cur’cy,’96.. ..reg.
..reg. J. & J. *126
6s, cur’cy, ’97..
J. & J. *128
6s,'em’ey, ’98.. ..reg. J. <fe J *130
.rcir.
*
i
*10314
(4. -Mar. *108*4
*123 "e *1237b *12 t
.reg. Q. -Jan.
*1247a *125
.coup. Q. -Jan. *12478
*
122
*121
*121
..reg. J. <fe J.
4s, 1907
4s, 1907..
6s.
Sept.
24.
*125
*125
*122
*121
*122
*124
*124
*128
*126
*128
*128
1*130
*130
*130
*130
*126
30.
unq *10-4
*10 >4
*108 >4 *108 4 *10814
*
*
*121
124
124
*123
*126
123
*
Sept.
*126
*125
*122
*124
*126
*128
*130
.
price bid at
the morning
boaid; 110 sale was
m.ide.
been
is without any
particular
ments from the interior, but whatever is delayed now may just
of
the
week.
At
much increase the railroad business after inland navigation
though it is
has closed and when the trunk line rates have been advanced.
amount
The Vanderbilt stocks have been firmer this week ; Mr.
the time
Repew has returned from Europe, and the last and lowest of and have been steadily regaining much of their last week’s
this group of stocks, the Nickel-plate, gains something by the decline, though there has been no rapid or important advance.
completed reorganization of the company and the issue of its There has also been no special activity in any particular class,
securities next week.
the business having been well distributed and moderate in
The open market rates for call loans during the week on amount. The improvement lias naturally been most noticablein
Stock and bond collaterals have ranged from 4 to 7 per cent, the lower-priced classes, as they suffered the most in the previand to-day the rates were 4@7 per cent.
Prime commercial
depression, and there is no specially large investment
demand.
at
6@?4
paper is quoted
percent.
The Bank of England weekly statement on Thursday showed
Railroad and Miscellaneous Stocks.—The market has been
again in specie of £13,000, and the percentage of reserve to dull and comparatively lifeless during the p;ist week, the
liabilities was 43*76, against 45*08 last xveek; the discount attendance at the yacht races and the observance of a Jewish
The Bank of France holiday tending to restrict business. The tone of prices has
rate remains unchanged at 4 per cent.
lost 2,325,000 francs in gold and 1,400,000 francs in silver.
been better than last week, and a generally improving tendency
The New York Clearing House banks in their statement of
has been apparent, but as there has been no important buying
Sept. 24 showed an increase in surplus reserve of $1,997,050, movement, and as the bulls have not undertaken to boom
the total surplus being $5,816,725, against $3,819,675 the pre¬ the market, transactions continue
very limited in volume.
vious wreek.
The
market
has been
somewhat irregular at times,
the
The following table shows the changes from
and in
the early dealings was rather weak, on con¬
week and a comparison with the two preceding years in the tinued short sales and the hammering of a few leading
averages of the New York Clearing House banks:
shares.
Pacific Mail started the upward movement by a sharp
advance
on
Monday, on the report that the Gould interest had
1887.
Diffr'nc's fr'm!
1386.
Sept. 26.
Week. J Sept. 25.
Sept. 24.
gained control, which would result in important changes in
the directory.
Jersey Central was also specially strong on
j
$
1
$
$
329,089,100 that
day
011
covering ofi short contracts. The market has
346,428,800
Dec.
667,300
337.485.700
the
and disc’ts
109.254,400
0.521,500 Tne .1,550,300, 76,642,800
been generally pretty strong since then, and while there has
Specie
9.810,600
10 >.300; 8,138.700 395,977.200
8.237.990 Inc
Circulation
important bull movement, prices have gradually im¬
,935.900Dec. 911,600 347,095,700 32,17 .,8o0 been
deposits
20,778,800
Inc.
17O,600j
19,211,000
proved,
and a few* of the leading stocks have at times sliow*n
Legal tenders
96,49 >,300
much
85.4 83.975 (Dee. 236,150 86,773,925
strength.
Legal reserve
141,426,200
91,3o0,"oo Ine .1,760.900! 95,853,800
There is little change in the general situation, and the newTs
Reserve held
44,931,90o of the w'eek, while favorable, has not been specially important.
5,816,72s| Inc. 1.997,050] 9,079,375
Surplus
Money has been easy all the week and less anxiety, is felt as to
Exchange.—The sterling exchange market has been ex¬
possible stringency in the future. The Treasury Department
tremely dull and devoid of any feature of special interest during shows disposition to relieve the money market as far as possi¬
the past week.
Rates continue about steady, however, and ble, and a conference held this w*eek between Secretary Fairnot changed from a week ago, the posted rates being 4 80£ child and a number of New York bankers helped the improving
and 4 85.
The gold movement has been decreasing and only tone. Gold continues to come here from abroad and the Bank
$471,575 have arrived since our last report, but about of England failed to raise its rate of discount as it wras antici¬
$4,000,000 are said to be afloat from the other side.
pated it would do. These are all favorable features and helped
To-day the rates on actual business w*ere as follows, viz.: to establish the better feeling. In regard to special features,
Bankers’ 60 days’ sterling, 4 79f@4 80; demand, 4 83£@4 84.
Reading improved on the advance in coal prices and the re¬
Cables, 4 84£@4 84^.
Commercial bills -were 4 78; Conti¬ markably gratifying statement of earnings for August and the
nental bills were: Francs, 5 26f@5 26£ and 5 24f@5 25; nine months of its fiscal year; the other coal stocks w'ere also
reichmarks, 94 and 94-f; guilders, 39|@39| and 39£@40.
stronger in sympathy. St. Paul and the other grangers were
The following were the rates of domestic exchange on New assisted
by the notice given by the former company of an
York at the under-mentioned cities to-day: Savannah, buying advance in freight rates. The Vanderbilts wrere noticeably
par; selling
premium; Charleston buying 3-16@£ dis¬ strong, and this was spoken of as complimentary to Mr. Depew~
count; selling pur; New' Orleans, commercial, $t 75@$2 00
his return from Europe.
To-day, Friday, the tone was.
discount; bank, par; St. Louis, 50@75c. discount; Chicago,
steady and prices generally closed near the best of the day.
70c. discount.
so
and
State
new
ous
1885.
Prev.
$
Loans
7
.
Net
110
34 i
a
are
Railroad
Bonds.—State bonds have
extremely dull all the week and the market
feature of interest.
Railroad bonds have not at any time shown any
activity, and the market has been dull most
the same time a better demand for bonds is reported,
shown more in the steadily advancing prices than in the
of business done.
Prices have ruled quite strong all
on
October
CHRONICLE.,
THE
1, 1887.]
427
STOCKS—PRICES AT N. 1 STOCK EXCHANGE FOR WEEK ENDING SEPT. 30,
.
HIGHEST AND LOWEST PRICES.
AND SINCE JAN. 1, 1887.
Sales
Ran ere since Jan. 1, 1887.
of the
STOCKS.
Saturday.
Sept.
*1018
52
53*8
69*4
*334
*5
9
*6
Chesapeake & Ohio
lstpref.
2d pref.
Do
Chicago Burlington & Quincy.
Do
prof-
10 34
52*2
534
i
52
70
674
3334
34*2
*5
9
52*2
53*8 1
704
33%
6
i
1
9
7
134*2 1344
814 824
*6
133
t7S
133*2
1424
140
142
Tuesday,
Sept. 27.
36
4134
10
10
52%
53*8
70*2
52%
54*8
71*2
34*2
34
*5
*9
10
*52
54
71
6
11
107 4 107*4
Clevelan dOol. Cin. & In di an ap.
Columbus Hocking Val.&Tot.
504 50*2
184 184
127*8 1274
Delaware Lackawanna &Wesr
*24*o
*57
Do
pref.
East Tennessee Va. & Ga. li’.v.
Do
1st pref.
Do
2d pref
.
Evansville & Terre Haute....
Fort Worth & Denver City....
Green Bay Winona & St. Paul.
Do "
pref.
TIHnnis Central
Tnd Bloom
Went-,
p<l
Kingston jt Pembroke
Lake Erie Ac Western..Do
do
’•
pref.
Lake Shore «fe Mich. Southern.
24*o
26
58
*52
10*2
56
*19*2
204
*82
40
84
46
9
*14
9
10*2
56*2
10*4
54%
19%
Friday,
Sept. 30.
Sept. 29.
36
1
143
*36
f
00
20
!
83
i
*40*8 40*2
9
9
!
*14
24
1184 119
......
9*2
*14
344
*5 *4
344
6
*34*2
-10
*6
10
7
20
128
*
25
57*2
104
554
20*4
*824
724
42*2
107*2
52*2
194 19*2
1274 1284
10*2
544
144
52
25
55*2
38
414 424
106*2 107*2
24 *•>
57 "
*10*8
52%
73 4
121
38
52
10*8
524
*57
57*2
10%
55*4
204
......
9*2
1034
*50
544
72
35
5
10
6
.
134*2 134*2
79
116
80
116
11234 113*4
143*2 143*2
121
*120*2 122
144
14*2 14%
40
39*2 *38
43*2 44
43%
107*2 *106*2 108*2
5334 54
54
21
21
20%
.1284 128% 129*2
254
*57*8
254
58
11
11
*54
58
20%
20%
85
85
"46 *s
464
9 *2
9 *2
*14
24
10*2
52%
55*2
73*2
11*8
57*2
21
*85
117*2 119
*31
32
32
1434
14%
424
42*2
924
43 *4
93 4
90
434
93*8
434
934
90
14
33*2
154
924
4
42*8
*32
15
*32
33*2
154
Week,
Lowest.
Shares
143*2 143*2
118*4 118*4
15
54
21
128 34
58*2
11*4
57*2:
21*8
584
11*8
57
20*2
90
87
46*2
*9
10
*14
24
118*4 118*4
[ *14
24
117
14*2
94%
44%
954
944
95*4
91
61
91
62
91
58%
604
60*2
614
604
614
374
984
37 4
4u
99
40
Manhattan Elevated,consol..
36
98
81*8
103*-> 103*2
83*2 84
82 4 824
103
103
*11
12
*11
*24*2
254;
85
.
pref.
Minneapolis & St. Louis
Do
pref.
Missouri Kansas & Texas
Missouri Paoittc.*
Mobile & Ohio
Nash v.Chattanooga&St. Louis
New York Central A Hudson.
New Y. Chic. & St. L., assent’d
Do
pref., assented.
New York Lake Erie
West’n
Do
pref.
Newr York & New England...
New York Ontario & West
New York Susq. <fc Western...
Do
pref.
Norfolk & Western
Do
pref.
Northern Pacific
Do
pref.
Ohio <te Mississippi
•
22:<4 23
91*2 92*o
*104 15
*72 *2 7334
107*2 107 4
15*2 1534
29*8
04
64
30*2
*164
15
40*8
15
404
234
24
49
49
2434
Oregon «feTrans-Continental..
20
Peoria Decatur <fc Evansville.
20*2
Philadelphia & Reading
5734
224
48
★
34 4
25
23
23
90
914
91*8
73
lo7*e 1074
15*2 154
*28
28*2
63*2
354
16%
8*2
9
2 6*2
24%
26
*14
38%
23%
48*2
254
204
20 *2
5 8 34
25
214
584
23*8
49
50
67*2
110
60
i
244
494
204
20*2
7**2
*32*2
Do
68
68
pref....
Do
1st pref *109
110*2
8t. Paul A Duluth
04.
Do
pref
St.Paul Minneap. A Manitoba 102*2 103
Texas A Pacittc, ass. paid
224 23*8
Union Pacittc
51 34 524
Wab. St. L. AP.,P. Com. repts. *17*-i 1734
Do
31
3 L *2
prof.
16
40
194
57
344
37*2
10 34
8*2
26*2
25
*20
23
50
83
29
29
64
79%
34*2
68
110
03*2
|
13
74
108
16
29
108*2
174
»)‘>
51%
174
314
103
23
40*8
404:
24
24*8
494
50
25%
26*8
20*8
*20
58%
23
50
79*8
34
674 69
110*2 110*2
61*2 6 1*2
100
23
52*2
17*2
314
394
36*2
86*2
384
37
88
3/4
39
88
~
724
97
116
724
74*8
74*8
934
76
17*8
31
95*2
119
9
28
*14*2
4L34
24*2
50%
*25%
21
21%
614
24%
52%
80
34
69
110
62
64
163
103
41
40
34
Highest.
38%
95*2
71
111
65*2
42
35s4
71 *2
.
•
17*4
9
29
15*2
15*2
41*4
24*4
424
1,450
2,220 t
V 50
9,570
3,325
6,826
1,250
7,981
1,3 0
105% 106
244 2534
53*2
18
31%
10*4
54*8
18*4
324
380
2.260
18.360
2 1.305
2,510
6,300
414
3,450
36
35*4
36*4
714
72
72
99*2
95)4
5,910
1,230
2,218
2 025
394
39
39
89
394
894
90
39
•10*8
40,507
97*2 99
14934 152
74*4 75%
2.325
2.21
99*2
150
754
3
Sept.
Sept
Sept.
Sept.
Sept.
Sept.
Sept.
July
86*4 Apr 13
20 434
9*2
29
16 17
29 11*2
15 156
26 95
26 127*4
30 1274
7% Sept. 20
24*2 Sept. 21
14
38
Sept, 20
Sept. 20
224 Sept, 21
47% Aug. 26
966 109*u
1,358
88
744
July 30
55*e Jan.
Apr 12
Jan.
8
Jan.
13
Jan. 20
May 17
May IS
May 17
.
39'*2
149
-
66*2
40*2
66
66
l()4*o 104*0
...
38*4
98*2
49
15*4 June 13
684 Jan. 13
644 May 19
June 7
26,245'109
125 138*4 Jail 2!) 153*4 June 7
2,457 116% Sept. 20 1407e May 17
625
12% Sept. 21 22
Apr.. 2 2
Jan. 27
52*2 Apr. 22
1,200 35
8,945 394 Sept. 20 54*2 May 17
638 104*2 Sept. 20 118*2 June 7
2,300, 49
Sept. 20 68 Apr. 11
1,450 ! 15
Sep r. 19 39% Jan. 11
98,5*9 124*4 Sept. 20 139*2 June 1
1 6001 214 Feb.
3 32% Apr. 14
1,1*6 56
Sept. 20 684 June 4
3
Jan.
1,723!
9*2 Sept. 21 17
1,380 52
Sept. 21 82*2 Jan. 13
Jan.
3
1,505 19
Sept 21 32
310' 80
Sept. 20100
Apr. 9
510 21*e Felt.
4 62*2 May
7
17
A pr.
765
7% Sept. 21
7
17
A uir. 24 28
May 31
May 28
1,511 HI 16 Sept. 19 138
l Ani
12
Sent. 20
27% Apr.
1
3(0 | 304 Sept. 20
474 Apr. 21
Sept,. 20: 24*2 May 10
2,370 ! 13
Apr. 29
3,493 | 40 Sept. 2<* 61
46,126 | 897s Aug.
1 98%June 30
85
284
Sept. 20 99% May 14
Feb.
3 70*4 Apr. 14
37,470 ! 57
67% June 11
600 30*2 Sept. 2<
4,996 93% Aug. 31 16178Apr. 20
160 ! 49
Sept. 16 64*2 Apr. 5
80
1 875
Aug. 1 95*2 May 19
6 94*2 May 18
1.385 66*2 Jan.
950 98
Jan.
4 11!)
May 18
10
400
Sept. 21 20*2 Apr.
2
4s*e
1.000 22
Sept. 20
May 31
21
34*4
*2 Sept. 26
Apr. 9
8,48«>
May 19
41,524 89% Sept. 21 112
8
10*2 S* pt. 20 19*2 Jan.
3
Sept. 21 88% Jan.
3,450 7‘>
6,974 105*2 Sept. 20 1144 May 19
Sept. 26 20% May 16
3,22o 14
4,280 26*2 Sept. 21 37*8 May 18
Sept. 20 354 Apr. 12
21,143 ! 27
76
2.510 1 61% Sept. 21
May 23
Mar. 29
103,860 35*4 Sept. 26 66
£
300: 154 Aug. 25 20*2 Jan.
110*4 113
66*2
105*8 105*2
24*2 25*4
534 544
18
18*4
32*8 324
404 4134
96
96
148
119*4
74 4 744
74%
83
69*2
111
23,825
28,975
94 Sept. 20
494 Sept. 20
24%
50*2
254 254
22%
204 ■214
18*2
23
22*4
17*2
60
61*4 342.340 34
24*2 26*2 75.770' 204
52*4 5434
7,087 43
*82
85
759 78*2
35*2 37
1,020, 30
71*2 75
2.710: 614
25
52 34
‘36
294
4! >4
61*4
36
31*4
29*8
65*8
384
*16*2
27%
51
26 34
214
17
*30
8 34
2434
21 34
82*2
17
28
15
42 4
204
76
11074 10!)
17*4
31*2
294
65%
40*4
17*4
9*8
21*2
60*4
24*4
52
35%
71*4 71*2
99*4 100
39*2 394
8 6*2 89*2
3*4 384
149
734
*164
26
79
34
68
110
76
10!) *4 109%
9
2734
25
*11
75
......
15
w
*11
13
104*2 104*2
23*2 24 4
5 0*4 534
*17
17*2
*30*2 31*2
234
534
17%
314
36
*95
146
924
41
24*4
50*4
2<)34
594
23*2
50%
80
34
99%
Pullman Palace ( ar Co.;
Western Union Telegraph
934
15
204
60*8
244
994
Philadelphia Co., Nat. Gas
24 4
9334
41
24*4
49*2
*2534
504
52*2
17*2
314
39
34*m
95
96
148
148
*8*2
27:T
20*o
21
99
3434
264
38 4
34
71
334
13
*25
23%
374
164
71
Pacific Mail
*12
1
65
39
33*2
86*2
12
2534
65%
394
71
89
12
65*4
374
......
84
25*2
23%
924
65
16*2
8*2
274
83
105*2 105*2
12
64%
8*2
27
61%
41
254
234
29*2
33*2
89
88
6034
41
100% 100 34
83
294
32
71
98
Oregon Railway A Nav. Co...
87%
29*8
Colorado Coal A Iron
Consolidated Gas Co
Delaware A Hudson Canal...
Oregon Improvement Co
72
99
52
294
Wheeling A Lake Erie
ItliHceilaneoiis Stocks.
33*2
88
83
52
29*8
*38
33
*7L
99
100*4 100*2
1004
7334 76
1084 1094
17
174
30*4 314
30
100
i'024
12
25
23 *4
924
*11*
25*2
23%
924
*11
*72
4
83*2
105*2 105*2* 165% 106*2
12
2134
22*2
73
3838
104
84
26*2
12
86
82
83
104
104
*11
*10*2
29
284
*81
1174
15*2
45
30
98
81*8
21*o
87
47
954
38
*84 *•>
11*0
57*2
32
16
46
60 4
Michigan Contrn.l
584
154
45*8
91
99*8
1294
26 *a
32
38
99
4
o4
21
16
60*8
99
15
37*2 40
43*2 44%
107*2 108
34*2
90
920
......
16
944
1,668
600 32
6
5
550
9
7
7
6
257
134
135
1 994 131
784 794 138.272 78
116
116
93111 14*2
9%
*33
32%
15%
154
44
9334
Long Island
Louisville & Nashville
Memphis <0 Clm.HesTutn
104
52*8
554
74*4
33*2
11241124
......
9%
24
33*2
*5*4
*9*4
1;‘*2
89
Riohm’dik WestP’ntTerminal
Do
pref
Rome Watertown A Ogdensb’g
8t. Louis & San Francisco
5
10
6
1344 134*2
78*2 794
1154 116
112*8 113
*141% 143*2
120*6 120%
15
*14
*80
24
119
119
*141
404 41**4
106*2 106*2
50*2 504
18
184
12534 1274
424
pref.
Mil. Lake Shore & West
Do
Thursday,
Wednesday,
Sept. 28.
!
120*2 1213s
*13*2 14*2
1194 120
Chicago Rock Island & Pacittc.
Chicago St. Louis & Pittsburg.
Do
pref.
Chicago St. Paul Min. & Oiu..
Do
10
94
52*2
7
9
8
pref. *141
Do
i
7
*6
133% 133%
82
78*2 79
1184 119
tll4*2 118% *115
115*2
112*8 11234 11034 112*2 1114 112*8
Chicago Milwaukee & St.Paul.
Do
Monday,
Sep-. 26.
|
Active Kit. Stocks.
Atlantic A Pacittc
Canadian Pacittc
Canada Southern
Central of New Jersey
Central Pacittc
Chicago & Northwestern
24.
1.753
91,460
14
Feb. 14
38*2 Feb. 14
234
554
344
63*2
Jan.
o5
J
3
May 16
July 18
May 19
Feb.
1
32*2 Apr.
4
Sept. 20' 354 Apr.
7
Sept. 21 39*2 May 2i>
65
Fet'.
1
Sept. 6
Jan. 17
Sept 21 53
Sept. 20 87*2 Jan. 17
Jan. 17
Sept. 26 95
Jan. 27 44% May 26
Feb.
2 84*2 May 26
Sept. 21 120
June 2
55*2 Jan.
7
99
2 114% Mav
Au,r.
uuo
20
23
Sept. 21 1J()78 May 27
Fell.
3
35% May 23
Sept. 20 63% Mav 18
224 May
134 Feb.
1
6
?'^% Feb.
1
38*4 May 18
35
Sept. 21 634 Apr. 18
97
20
50
30
67
Sent 20
Sept. 20
53*4 May 10
89
May 19
18
31
19
7
96*2 Sept. 211054 Apr.
34
Aug. 26 54% May
84
Aug. 26 105% May
32*4 Sept. 21 584 Apr.
Feb.
89% Sept. 26 115
1 1594 May
139*2 Jan.
67*2 June 24 797e Sept.
8
23
9
Expretat Stocks.
Adams
American
United States
Wells, Fargo A Co
145
Inactive Stocks.
Atchison Topeka A Santa Fe
Boston A N. Y. Air-Line, pref
Buttalo Roch. A Pittsburg
Cedar Falls A Minnesota. T....
Chicago A Ind. Coal K’way
I)o
pref
Cincin. Ind. St. Louis A Chic
Cincinnati Wash. A Baltimore.
Do
pref.
145
*145
*105
*70
*120
150
108
74
130
*140
"105
70
*125
150
146
108
70
130
145
107
70
130
109
71
130
*110
108
70
*125
10‘>3i 103
159 139% Jan.
4 152
Aug.
98 106
Sent. 20 118*2 May
Feb. 17
76
Aug.
124 62
June
Sent, 26 137
6 120
150
108*2
70
131
104*o 104*o
98*2
*
*8
12
*9
12
*9
300
65
99*2
12
55
12
*9
*
*9
55
12
Cleveland A Pittsburg, guar..
Les Moines A Ft. D age
Marquette Houghtou A On...
w
Do
pref.
.*
Mexican Central
Ohio Southern
*9
16*2
14
19
80
14
+
A
Quicksilver Mining Co
Do
w
pref..
Bt Louis Alt. A Terre Haute..
St. Louis Ark. A Texas
Columbus A Honking Coal
Tennessee Coal A Iron
These
are
*
A
13%
*5
*23
*33
35 *2
*33*2
12
*25
*214
Various Stocks, dec. (Uni isted.)
Amer. Cottou Oil Trust
284
Pipe Line Certificates
67*2
*
78
*3
*5
153
*9
80
27
25
28%
69
78
4
64
153
10
19
80
13%
6
28
36
12
78
*3
*5
*3
*5
4
6
4*4
78
334
5%
6
1,788
3%
*3*2
*5*4
54
4
6
152i-> 152*0
*9
’
10
10
*
*
85
85
14*8
14*8
*14
*54
6
26
*22
*22
34
35*2
*5*4
354
13*2
10
19
84
14*2
6
28
*9*2
10*2
83
19
83
15
*
*13%
*5*4
*22
6
28
36
13*2
35%
36%
"9*2
A
10*2
19
85
A
*14
*5*4
*22
*35
15*2
6
28
37
i,200
*26
29
274
27%
26
25
25
26
264
27*2
2 6*2
28
25%
27*2
1,624
28%
27%
664
28%
2834
664
294
674
284
29*4
674
29
67
29*4
12,116
284
67%
684
68
the prices hid and asked; no sale was made at the Board.
66 4
66
3
100
300
4%
236 144
10
100
20
600 83
600 13
12
5
25
30
200 10
700 24
244“ 244
“
5 1184 June 6
Feb. 14
1 102
33% Jan. 19
9*2 Sept. 1
38
Sept. 20
85
Alia. 1
.
79*2
964 .Tan.
98
Aug.
684 5,434,000
1 Lower price is ex-dividend.
5
14
31
6
74% Apr.
6
Jan.
7
19
0778 Apr. 19
99*2 Mav 18
Ana. 31 104
Feb. 19
7
Jan. 13
Sept 19
Sapt. 19
10*4 Jan. 14
9 154
July 16
Juue13
Aug. 24 15
June 18 30*4 May 27
Feb.
Sept 2n 100*2 May 27
Apr. 9
Sept. 20 22
Aug. 30 22
May 17
8% Jari. 10
Sept. 21
May 14
Sept. 19 35
Jan. <8 45% June 6
Feb. 12
Sept 19 25
Sent 20! 50
Apr. 27
21*2 Sept. 19 54% Jan. 14
3
26*2 Sept. 20: 64*2 Jan.
Sept, 13
July 28| 75
54
tf Ex-rights.
THE CHRONICLE.
428
BONDS—LATEST PRICES OB' ACTIVE BONDS AT N. Y. STOCK
Closing.
Railroad Bonds,
Atl. <t Pac.—W. D. ine.,
Os,1910; 26
Guar., -1b, 1937
Gar. South.—1st guar., 5s,
83
1908.1014
Convert, del). 6s, 5 908
Tnteriio bond certificate
1
Le’li & W.B.,coii.7s, lOOO.aa’ntj
Ain. Dock A Imp., 5s, 1921.
83
91
90
i
’99, coup, olli
Central of N. J.-lBt,7s, 1890.. 105 4
Consol. 7b, 1899, assent
j
Convert. 7b, 1902, assent
i
Adjust. 7k, 19o3
j
Cen. Iowa— let, 7b,
27%
IlOO
1
2d, 5b, 1913
i
I.
Lowest.
2438 Sept.
804 Sept.
a.
1
a.
■
38%
90
104
Sept. 409
874 Sept. 954
80
Aug. : 94
409
a.
—
98
99
Pacific—gold 6s, 1898.. 1144b. 11*6 4 b 4134
1114
Joaquin Br. 6s, 1900
;
Laud grant 6s. 18'.*0
!
Cbes. it O.—Pur. m. fund 6s, ’98 110 1).
09
6s, gold, scr. B, 1908, coup, ort'..Extern coup., 4s, 1986
1 66
i 184b
6s, currency, 1918
! 19
*
934 b,
Mort. 6s, 1911
j 93 1>.
Ches. O. & So. W.— 5-Gs, 1911 ...loo 1>.
Chic.Bur. it Nor.-1st, 5s, 1926. jlo3
1104 4
Chic. Burl. & Q.—Del). 5s, 1913.4u4
..! 96
a
Denver Divis., 4s, 1922
| i 5 I)
Chic. A Ind. Coal K., lst,5s, ’36 96
Ch.Mil.it St.P—1st, I.ckM.Ts,’97:116 b.i164!>
Consol. 7s, 1905...
'1214% 125 4>
1
1st,So.'tin. Div.—6s,1910—‘111 n. 13
102 4
let, Chi. it Pac.W.Div—5s, ’21jl03%m
WiB.ct Mm. Div.-5s,
Terminal "*s, 1914
1921....|
!
139
Chic <fe N. W.—Consol. 7s, 1915
Sept..415
S pt. | 81
June
Jail,
] 154 Sept. ! 32
: 93 4 Sep;.
4 01
Feb.
1 D-D
122
b.
103
403
! 97
I 94
b
Sept. 4194 June
4 09 Jam
4OS
Muv
4054 May
442 Jan.
433
Jan.
‘1204 Sept.
Spriimlield Div—7s, 1905 ....|1094a.il094a. 109
Ohio Southern—1st, 6s, 1921.
402
i
102
2d, ine., 6s, 1921
33
,
I 37
j 31
Oregon Impr. Co.—1st, 6s, 1910; 91 b.j 934 I 89
Ore. U. it Nav. Co.—1st, 6s, 1909 109 a.| 93 b.%08
99
400 a. | 99
Consol., 5b, 1925
...
j
100
....
Aug. 10l4
Sept. !' 88%
91
S pt.
Fet). 4214
Feb. I 824
Sept. ! 82
78
Sept.
Apr. L 804
110
113
112
June
June
Apr.
Jan.
June
108
137
415
Jam
120
Fob.
104%
95 %
98 4
1094
Mav
111
Jan.
Sept.
H .jit.
Feb.
J une
Sept.
Jam
Jau.
May
lOl^s Apr.
Jam
June
Mar.
Mar.
May
Mty
Mar. |
1004 Jam
92% Feb.
109
May
53
May
Sept.
Aug. 125% June 1
Aug. 100% June 1
1064 Mar.
Henderson Br.Co.—1st. 6s, 1931407 4
H. & Tex. C. —1st M. L. 7s
113
56
Sent.
Mar.
1 10
Feb.
1 19% M:iy
119 4 May
1 19% May
112
Mav
..
Nor.—1st, 6s, gold,’19
*s8*
Coupon, 6«, 1909
Kent. Contr.—stamped 4s, 1911!
: i
Know. AO.—1st, 6s, gold, 1925
LakeSh.— Con.coup.,1 st,7s,19oo'
Con. coup., 2d, 7s, 1903
125
|l22 4
!
12
i
87
!
75
94
b. 124
b. 112
.86
a.
a.
b.
123
122
114
Aug.
122
Sept.
98
78
100
Julv
Jan.
129
June
64
90
12 4
Jau.
Sept.
Aug
1224 Jan.
M *r.
Feb.
Slicuandoah Val.- 1st, 7s, 1909;’
'Gen’l mort., 6s, 1921
j 394 !
So. Carolina— 1st. 6s, 1620
1 98 b.,
2d. 6s, 1931
ine,, 6s. 1931
So. Pac., Cal.—1st, 6s, 1905-12.
So. Pac., Ari.—1st, 6s, 1909-10..I
Sw. Pae., N. M.—1st, 6s, 1911.
j 107 b.
Tex. it Pae,—Ine. it hi gr, 7s. ’15» 4 54
Rio Grande Div.—6s, 1930
024
Gen. mort. it term., 6s, 1905..
Tol. A. A. it N. M. —1st, 6s, 192 1 i 94
Tol. A.A. it Gr.Tr.—1st, 6s. 1921 4024
Tol.. Poor, it West—1st, 7s, 47 1100 a.
Tol. it Ohio Cent. —1st, 5s, 19351
Tm.St L.it K in. C,-lst,6s. 19L(i! 90 b.
Union Pacific - 1st, 6s, 1899.... !115%b.
Land grant, 7s, 18 57-9
404 b.
1
fslaud—l^i,
7s, 1S98
j
4264 May
•
Virginia Mid.—Inc.. 6s, 1927....j
Geu’l mort., 5s, 193(7
Wal). St.L. it Pac. - Gem, (5s,
Bid.
1906 104
Alabama—Class A 3 td 5
Class B, 5s
19061 104
loot; I
< lass C, 4s,
1900* lo-i*
6s, 10-20
10
Atk tii-as—6s, funded...1899-1900:
25
7s. Litth- Rot k A Fi rt Smith, iss.
20
7s. Mi m* hi- iV Little Rock, iss..
11
7s, Arkansas Cential RR
Georgia-7s, gold
Louisiana —7s,
i ons
1890
1914
ioo*
189o
86
106
Stamped, 4s
Mdchiga-.i—7 s
) 06
Tod'
Funding act
34
105
87
..
Bid.
Consolidated 4s
6s.
e
July 4074 June
Aug. 423
Sept. ;119
Apr.
Jan.
1124 Apr.
Jan.
Fob.
1114 A pr.
Sept. ! 504 May
SepL 10‘278 May
Jam 1112
May
Aug. j 106
Jan.
S ‘pt.
Mar.
1044 Apr.
11154 June
S
' pt.
Feb.
Feb.
Jam
Feb.
Apr
115
J une
114
120
Apr.
117
Apr.
Mar.
[1084 Juno | 1124 May
.4044 Mar.
j 96
i 32
96
65
b
Jan.
11684 Apr.
75
[116
,
[1024 Apr
55% Jan.
115
Jan.
Jan.
Apr.
Apr.
May
lol4June
| 99
4154
417
jU7%
4 15
1044 Jail.
418 Apr.
1121
Mar.
409
May
420% May
11014 May
80
Jail.
28 4 Jan.
May
115
112
110
Feb.
107%b.405% Jail
! 43
47%
5'%
58
i
58
b.j 56
94
a.
89
Jan.
1144 Mar.
Sept. ; 55
May
May 1107 4 Jan.
41.0
6
Apr.
June
11123s June
1108 Jan,
48 June
13
July
A pr.
June
Sept. ; 664 Feb.
Sepi.I 784 May
Sept. 1 72
Jau.
!l00
Apr.
May
102 4b.: 1024 S. pt, 1094 June
Jau. 1112
Feb.
!lo4
Jam ; 99% Jan.
i 95
i 97% June
j 119% Mar.
95% ; <31
117 b 4 14
U>4 1». 102
Sept,
110
Sept. 420
b
Jam
Jam
llO
j 1034 May
40-4 Sept, 115
b.
Feb.
May
jl084Scpt. 115 Mar.
Jan.
117% Apr.
Sept,! 109
Apr.
I 9 7% Si pt. 1074 Jan.
[ 95
Apr.
99 Jan.
7.<4S. pt. ! 90
Apr.
b.'
b.116 b 114
11007sb : 101
98
! bO
j
Jan. I 60%
Feb. 404%
49
89
82
Aug.
b.!uo% Jam
h.406
iam
97
1
May
May
May
117% May
116
May
Sept. 108
May
Sept.
99 May
Jan.
1174 May
Mar.
May
107
114% July
Sept.
104% June
Aug.
* 894
115
5
Somh Carolina—6s non-fund. .1888!
Biown consolidated, 6s
New settlement—6s
5s
20
;
12
j-. 15
10
•
i 07
4° t
s.
rlefe*-.ed. rr-nst
56
4913j ioi*
4913
100
4913
69
4 8
■
r -o
Ask
64
105
Virginia—is, old
6s, roie'olidated bonds
6s, consolidated, 2d series.
‘
1
-
4.893;
-.j Tennessee—6s, old
1892-189>'
1912'
(.’ompromise, 34-5-6s..
I
1
1893! 118
.JAM; 35
1900; 10
1910;
Bid.
■SECURITIES.
|Rhode Tsland—Os, con.. 1893-
107
1919! 12 5
.
Aug. ! 1154 May-
Sept
lll%b. l 104 Feb.
140
Ask.
.1894-1895 112
1S92: 115
<k J...4892-1898
Chatham RR...
Special tax, Class 1
]
New bonds, J.
80
Apr.
1 964 May
and the range are from actual stiles.
due 1889 or 1890
Carolina—6s,old...
NVrth
[108
Apr.
Jan.
Apr.
Jan.
Feb,
B01S5JS.
University, due 1892 110
Funding
New York—6s, loan
6s, loan
414
May
Sept. | 864 May
Sept. 4184 Apr.
Sept, j 1074 Mar.
Jau.
Ill
May-
98
2d, extended, 7s, 1893
4b.j 98
90*”" 90 b ! 83
Con., conv., 7s, 1907
Great West.—1st, 7s, 1888
113 lull 124'>. \09
2d, 7s, 1893
j
98 4b.! 98
St.L.K.C. «t N.—R.eit r.,7s,’95. 109 a.
409
1
West Shore—Guar., is
98% | 9b78 I 97
SECURITIES.
Missouri—6s
Asylum or
;
’2oj 5534
1st, St. L. Div.. 7s, 1889
price asked-, all other prices
Ask.
Aug.
100% Sept. 412
Sept, i 77
109
13
52
Chicago Divison—5b, 1910 ...j 98
99
Wabash—Mortgage, 7s, 1909.. i.
Pi
Tol. it Wab.—1st, ext.. 7s, ’90''1144b. 114
STATE
SECURITIES.
j 108
416
iHt consol, 6s, 1919
101
Oregon Sli. Line 1st, 6s, ’22.., 93
:
bid, and
108
Denver Div.—6s. 1899
...
The let ter “ b” indicates price
410
Sinking fund, 8s, 1893....
Kan. Pacific—1st, 6s, 1895
1st, 6s, 1896
•
Note
9J
110
a. 106
99
...
•
....
j 99
| 56
37%
.
L205s May 1125
Sept.
Feb.
112 4 Julv 4 15
1st, consol., 5s, 1931
113 b.
418
ii214
Feb.
Luu.it Nash.—Consol., 7s, 1898: 119 b. 420
Apr.
113 4 June
105
Jan.
N.O. <t Mobile—1st, 6s, 1930.! 109 b. 109
99 4 May
9078 J an¬
2d, 6s, 1930
j 98 a.
E. H. it N.—1st, 6s, 1919
112 4b. 112 4b, il 12 July 117Sb May
General, 6s, 1930
1107 4b. 110 a, 4 07 Jan. 114 4 May
106
Trust Bonds, 6s, 1922
1044 Jail. 109
May
! 106
98
Jan. 403
Apr.
i
10-40,68, 1924
4104 ! 109
Lou. N. A. A Ch.- 1st. 6b, 1910. 110
Jail. 4154 May
944 I 90
June
Consol., gold, s, 1916
Sept. I 99
! 90
May
400
Mem. A ClHstou—6s,gold, 1924! 1014
Allg. 107
Metro. Elevated.—1st, 6s, 1908 116 a. 11*4 b' 113
Sept, I2t 4 Mav
108
b, 106
Apr.
iloT
2d, 6s, 1899
Sept. 413
Mexican Cent.—New ass. 4s
i
I 51
Fell. I 7.)34 June
Incomes. 3s, lull
204b i 194 Sept. ! -74 June
1
129 4a 4.6 4 Aug. 131
Mich. Cent ml— 1st, eon., 7s. ’0^;l2t>4
Apr.
413
Miss'i’i Pac.—1st, cons., 6s,1920 113 1*. 114
Apr.
Sept. 119
119
Apr.
;119 a
3d,7s, 1906
Sept. 126
Pac. of Mo.—1st, 6s, 1888
|l00%b. 1 of* 1004 Aug. 105 Jam
2d mort., 7s, lh >1.
405 4 -J uly
1104 June
I
Long
Jam
,
,
Lnt. A Gt.
1334 Apr.
4014 Mav
Consol., extend., 5s, 1922
101%b.:102 6.4004 June
St Jo. itGd.Isl.—1st, 6s, 1925 J 98
98
j97 Sept.
; 65
July
2d, income, 5s, 1925 '
I
St. L. Alt.it T.II—1st, 7s, 1894.1U3 b.!
; 1 13
Aug.
2d, M.f pref., 7s, 1894
!
410 a. 107 8 pc.
2d., M., ine., 7s, 1894
j
!
105 May
Dividend bds, 6s, 1894
!
j 30 b.i 35 Jail.
St. L. Ark. -t Tex.—1st, 6s, 1936[ 98
! 984 I 954 Sept.
S pt.
2d, 6s, 1936
| 38% [
; 35
Sept.
St. L. it Ir. Mt.—1st, 7s, 1892...1074 ! 10645.407
2d mort., 7s, 1897
!109 May
!
Gen. Ry. it laud gr., 5s, 1931.! 04
{ 95
j 92% Sept.
St, L. A San Fr.- 6s,, Cl. A,1906
1124b. 109 Sept.
6s, Class B, 1906
1
H24b.;112 Sept.
6s, Class C, 1906..
!ll24m4 124b.! 112 Sept.
Gen’l mort., 6s, 19 4
11214b. 1134 1084 Fen.
Gen’l mort., 5s, 1931
984b. 99%b.j 974 Sept.
So. Pac., Mo—1st, 6s, 18S8.
101 %n. 100 Julv
St. Paul M. A M.—1st, 7s, 1909.!
1124b. 1104 Jam
2d, 6s, 1909
j 1184h. 1.6%b.! 1154 Sept.
1st cons
os, 1p33
1144
11 I's *.4 144 Sept.
Do
reduced to 44s ; 96 b. 974!>.! 95
Feb.
a. 108
1st, West. I>., 78,1891.
I 111 b.
Feb.
113
lst,Waco»t N.7s, 1903
*112 b.
h.
101
Feb.
94
2d. consol, vt. l. Sk, 1912
!
Gen. mort. 6s, 192L
I 65 ,‘n 61 b. 6 1 % Sept. 7p% May
b. 1194 Jau.
421
Ind.Bl. A W.— lst.pref.,7s, 19uu'..
124% Feb.
Mav
99
86
Aug.
|. 90
1 S3
let, 5-6s, 1909
1
1).
70
70
s94 June
Se u.
2d, 5-0s, 1909
b.
s
b.
98 4 M..y
88
Eastern Division—6s, 1921.
Sept.
*0
2 i 4
20
34% Apr.
! -- U
Sept.
Income, 6s, 1921
...
b.
Debenture, 6s, 1927
|
109
Roch. it Pitts.—1st, 6s, 1921...j--.. --.j
Consol., 6s, 1922
1134b.;
RomeW.it Ogd.—1st, 7s, 1891.1
!
Jan.
Sept.
Sept.
Sept
Sept.
Sept.
|
92 b.
95
Peo. Dec. it Evans.—1st. 6s. 40. 110 b.!
100
Evansv. Div—1st, 6s. 1920...
59
Rich it All.—1st, 7s, 1920. tr. rec, 50%b.
Riclnn. it Dam—Cons., 6s, 1915409
Oregon it Trauscon.—6s, 1922..
June
Jam
May
Jan.
Fell. | 77
..
’
664 Mar.
i
58
123
Apr.
«ept.
Mar. 4104 June
.
LOS
407
July
! 1 IS 4b. 416
Sent,
4 24
0
123
July
Feb.
! 984 Jan. 402
luO a. 105
Sept. 4114 May
1134 Jan.
114
408
89
Mar.
Sept. 131
Apr,
Aug. 1074 Apr
Sept. 1137
May
.......
4104 Mar.
410-4 Mar.
4094 Apr.
135 Jan.
1104 Feb
124% May
1274 Jan.
90 Jan.
10;4 Apr.
1 89% Apr.
Sept. ! 80
b.| 11078 Sept. 423
b ; 125
Sept, i 1284
j 106
Sept. 410
b.406
Sept. 4104
62
1 L7
594
Apr.
May
Jan.
Aug. j
j
Sept. 4034 June
1284 Sept.
81
88
77
106
N. Y. Onr. it W.—1st. 6s. 1914..406
N. Y.Sus.itW.—Deb. ,6s,’97,ep.oil
'j 69
85 b.1 90 a.! 904
1st refunding, 5s, 1937
Midland of N. J.—1st, 6b. 1910 110 a. 109 b 107
i 73
72
b.! 694
N. O. Pacific—1st, 6s, 1920
North. Pacific—1st,coup.,6s, ’21 1144 '114 4 4 194
103
b. 1034
! 101-%
Geu’l, 2d, coup., 1933
t
1064
James R. Val.-1st. 6s, 1936.. j--N. Pac.Ter.Co.—1st, 6s, lp33... 102 b.j 1014b.UOO
113
b.
1154a 1144
Ohio it Miss.—Consol., 7s, 1898.
114
!
1113
2d, consol., 7s. 1911
Juiy 11224 Jan.
1254 Sept. 1304 June
113
Aug. 433
j
Construction, 5s, 1923
118 4
.
11021-2
Feb.
40S 4 June
Sept, 4074 Mur.
Sepi. 11084 Apr.
June } 99
Jan.
Ch.Bt.L.it Pitts.—1st,con.5s,’32! 9*4b.
C. C. C. it rnd.—Gen. 6s, 1934 ..1105%
994 ; 954
Col. Coal it Iron -1st, 6s, 1900..) 97%
684 I 60
Col. H. Val. & Tol.— Con. 5s, ’31 i 66
03 4a.: 66
Gen. gold, 6s, 1904
1
12140 1184
Denver it Rio Gr. —1st, 7s, 1900 120
.
78
764
1st con. 4s, 1936
77
70
b
70
Den.it R.Gr. W.- 1st, 6s, 1911.1
034b
64
Assented
i 65
70
I)
68
Den. So. Pk. it Pac.—1st, 7s, ’05j
334
29
Det.Mac.it M.—Ld.gr.34s,1911! 32
95
914
£. Teu.V.itG. Ry. —Con.,5s,’56! 94
95 a
95
Eliz. Lex.it B. Sandy—6b. 1902.' 96
--429
Erie- 1st. consol, gold, 7s, 1920 129
b.
Long Dock, 7s, 1893
ill -*2 112 b. 1124
Con. 6s, 1935
*118 a. 118 m 115
99 ’8
93%
N.Y.L.E.ikW—2d con. 6b, 19691 9-834
55
j ...
Funded coupon, 5s, 1969. ..j
i 83%
78
Ft. W. A Deny. C. - 1st, 6s, 1921
81
4
05
a.
106
Gal.lTar.it Sail.Aut.—1st, 6s,’10!
105
2d M., 7s, 1905
!
93%
West. Division—1st, 5s, 1931.! 934 j....
92 4
2d, is, 1931
'
99
j
Gr’i: B. W. A St. P.—1st, 6s, 1911!
i
36
30
2d income 8s, 1911.
33
118
Gulf Col.it S.111.Fe—1st,7s, 1909.1 Is 82 :'-2o78
Gold, 6s, 1923
N.Y. City<tNo.—Gen.. 6s. 1910.1
N.Y. Elevated—1st. 7s, 1906....!
N. Y. Lack, it W.—1st, 6s, 1921.!
Jan.
400
130
S3
6b, 1911 8i%
8-1
125
7s, 1913 12t4b.
5s. 1893 104
110440 103
7s, 1903 »304
131 4b. 1304
Debenture, 5s, 1901
1074a.j 1074 a. 106
130
b. 128 4
N.Y.it Har.—1st, 7s, 1900
85
994
N.Y.Cbie.itSt.L.—1st, 6s, 1921.. j 964
93
.
70
2d mort., 6b, 1923
Sept. I 75% .Tam
j 64
4 02 4 Sept.
L02
a
102
Sept.
102
a
101 4 Julv
—
S pt,
a. 140 a 138
1274b 127
Sept.
i l '20
1) 117
May
410 a 105
Ja*i.
1 OS 4 1 403
Aug.
104 4
103
July
Gold, 7s, 1902
! 127 82b.
Sinking fund 6s, 1929
] 120 Vo.
j
Sinking fund 5s, 1929
Sinklngfuuil debent. 5s, 1933
25-year debent. 5s, 1909.
403 b.
Chi. It. I. ct Pac—6s, coup. 1917. 1264b. 129
Extern & col. 5s, 1934
!
Ch. St.P..M.& O.—Consol. 6s.’30
St. Paul it S. C. —1st, 6s, 1919
j 410
j 66
135' a
Mutual Urn Tele.—S. f.,
Nash. Cli.it St. L.—1st,
N.Y. Central—Extend.,
N.Y.C. AII.-1st, cp„
Jan. 4 064 MayFeb. 11184 Mar.
Feb. [116
June
Mar.
Feb. 122
Jan. 421
Aug.
Sept.
Sept.
1074 Aug.
Consol., 7s, 1904-5-6....;
109 b. 1K>4
Mobile & Ohio—New, 6b, 1927 ..1
11134b 108% Feb.
jl07%b.ilC8 o. 104 May
1st, Extension, 6s, 1927
1st pref. debentuies, 7s
! 33 b. 45 b. 45 Sept,
June
Feb.
Highest.
!
118
114
Imp. it Equip.—6s, 1922
1.80 'a,I
Mo K.itTex.—Con., 6s, 1920...! 904 | 924
....1 78
b.j 79%
Consol., 5b, 1920
June
July 405
'
Minn. <k St. L.—1st, 7fl, 1927
May
400
j
Lowest.
b
419
1921. 119
Michigan Div.—1st, 6s, 1924.. 1144
Jan.
4034
98
I 83% Jam 405
984 i 95
Sept. 400
1114a 109
Sept. 416
Range since Jan. 1.
\ Sept.23Scj)t.30
Mil. Lk.Sh. it W.—1st, 6b,
.Tone
Jan.
June
Jan.
June
118.4 Juno
1084 June
Jan.
Jan.
Central
San
!
415
115
Railroad Bonds.
Highest
1054b. 4014 Aug 410
a. 1074 Jan. i 119
i
EXCHANGE, AND RANGE SINCE JAN. 1, 1S87.
Closing.
Range since Jan. 1.
Sept.23 Scj)t.30
fVOL XLV.
90
60
8
61
72
1014
<
October 1.
THE CHRONICLE
16S7.J
New York City Banks.—The following statement shews the
condition of the Associated Banks of New York
City for the
week ending September 24, 1887:
Average Amount of
Banks.
Loans and
Specie.
Discounts.
$
10.880
New York
8.4-1.000
Manhattan Co
Merchants’
Mechanics’..
America...
10,^60,100!
-
CitjT
i
Tradesmen’s
>
Fnlton
*
Chemical
j
Merchants’ Exch.
Gallatin Natio al.
Butchers’ A
Drnv.j
Mechanics’ & Tra.i
Greenwich.
!
Leather Mannf’ra.
.
I
Seventh Ward
State of N. Y
!
Americ’n Excli’ge.
Commerce
|
1
Mercantile
Pacitic
Republic
Chatham
North America
Hanover
!
Irving
Citizens’
Nassau
Market
Bt. Nicholas
Shoe & Leather...
Corn Exchange...
Continental
Oriental
1.3 17,300
5483 00
8.173.000'
9.280/300 4.859.700
2,G?5.d00|
334, 00
I,304,100
27 .800
19.V4 0.< OO! 6 757 -00
84 0.-00!
8,000.400!
5.200.900
821,400;
1.88; ,200
402,500;
1.90:. ooo
7<>.C00j
1,102,800
153.200
3.479.4 00
1,329 000
3.-57,000
517.400
29>, yOO
644.400:
15.7 <8 OOO’ 2.255,000
17.235,500; 2.538.700
5.12 i ,40
1,008,300
7.502..'01.015,50 >
2.453.900
5-2.300
7 789,SCO! 1,707.801)1
4,1* 0,9( 0
828.500
1.920,700
Peoples’
2,028.000
1,379,300
H.45",700
7 72-1.000' 1.19ft ,U00
Phenix....
Broadway
1 800.000
000,
2,985,000
10.191.100
2 s0-\* 09
Legal
L.eg
lend*crs.
—
Net Deposits
other
than U.S.
tion.
$
$
$
780.7 0J|
332 000
403,s 00
186.(00
301,000
195.400
70/9 o
325.700
252,500
315,400]
65,000;
196,000
112,409]
162,000
72.100
176.900
507.000,
905.80-*
256 100
492.400!
6.826.500
6,980, 00
2.864 300
12,339.00
4,859,60 *
314.600
107.700
3,07 7,800
261.000'
560 890!
11.581.800
566.300
404, v 00
188,800!
2.799.300
2,331.7(0
2,930,2. 0
1,880.0* 0
2,7vl 000
5.805,000
4.4 08,400
1.870.100
318.100;
96,200
150,K00
371.800
685,000
272.200
304.409!
162,' 00
485.000
667.0O0
335.000
2c8 i'OO
706.200
175.700
363.400
81,900
568.700
4
5*,000
264,000
90,000
2
89,800
526.700
2o4,7C0
2,600
540.000
43,600
1,029,600
45,009
900,000
42/200
45,000
45,000
899.000
40,700
2,868,400,
45,000
2.8:4,500
2,i 79,800
1.819.300
2.905.900
5,034,709
4.995.100
1.900.100
Importers’ & Trad.1 17,937.500 3.772,600' 1,117,700 18.939.300
18,183,2( 0 4.166.5 0
Park
441,600'
20.284.800
2 • 87.100
North River
14 3,800]
163.600
2.173.600
1 019 800
East River
185.200
100,500! 1,003/200
Fourth National.. 17.313 000 3,6 G.000 1,061,00.
17,971.000
>j
8,040.000 1,149 000
Central National..
839,000 i
8,136 000
Second Natio i al..
3,393,000
706.000
334,000
4.080,000
Ninth National
4.828.800
929.U0
231,000
4,689,40 *
First National
18,713.900 4,700. v On 1,018,700
17.977, . 00
Third National....
4.857.900 1,22 (.700
293,600
5.185 700
N. Y. Nat. Exch...
1,3 >5,100
146.200
219.800
1.190.100
2 H00.200
Bowery
360.300
224.900
2.258.500
N. Y. County
2.290.300
175,300
661.500
2,8 *5,100
2.547.400
German-Americ’n.
41,600
887.800
2/214.209
Chase National....
6.560.800 1.134.700
258,209
5.650 500
Fifth Avenue
3.466.600
997.200
89,700
3.722.800
German Excli’nge.
2.231..00
141,100
457.200
2.799.300
Germania
2,540 800
255 900
365,009
2.907.600
United States
3.810.500 1,209,900
31.100
3,562,10 >
Lincoln
2,366.000
170 400
581.600
2.924.900
K.CFtS
447! 400
450*6b0
46*6*00
989,900
40,100
81,000
360,000
45,000
41,000
1887.
S
...
E Fenn.Va.AGa. 3d wk
Sci*t
Evans. AInd’plis 3d wk Sept
E vansv. A T. H..3d wk S
pt
Fdnt A P. Mara. 3d wk
Sept
Fla.R. ANav.Co. 3d wk
Sept
Ft. W. A Den.City 2dwk
Sept
Georgia Pacitic,. \ugust
Gr. Rap. A Ind.. 3d wk
Sept
Grand Trunk
Wk Sep. 17
Gn.Bav W.ASt.P July
...
...
FeJjuly
Gulf Col. AS.
>
11.4-15/200
6,886,409
2.741.500
7.994.800
4/2 "7,600
2.484, xOO
3,137/200
191,100!
259,too;
45,000
20,(93,600
3.651,31*0
4.060,ftOO
l,74r,700
1,9.* 0 i 00
1.174.900
2,711/20 »
1.314.700
Week or l/o|
Det.BayC.AAlp August
Det.Lans’gA No.!3d wk Sept
8.47 ,700
2,9ul,(*00
11.723.300
2.966.100
1,37 <,509
Latest Earn hips Reported.
Roads.
Denv. A R. G. W. August
Circula¬
74(1.000] 10,170,000
449,000; 8,805.000
429
Hous.ATex.Cent |2d wk Sent
lll.Cont.(Ill.ASo) August.."
.
113,300
52,805
22,103
105,946
5.635
18,521
51.064
18.014
17.142
109,110
49.874
426,095
39, 7r
209.087
98,691
908,700
Cedar F.AMin. August....
12.300
Dub.ASioux C Augmt
77,000
la. Falls A S.C. August.,...
57,900
Tot. Iowalines August
147/200
Total all lines. Angus11,055,900.
Ind. Bloom.A W. 3d wk
09,487
Sept
Ind Dec. A Spr.
August
40,428
Jack. T. A K. W July
24 822
AGulf. 2*1 wk Sept
50,887
Kaa. C. Sp. A M. 2d wk
40,525
Sept
K in. C. Cl. ASp. 2d wk S
5,021
pt
...
Kentucky Cent. July
Keokuk A West. 2d wk
Sept
Kingston A Pern 3d wk Sept
Lake E. A West.. 3dwk S
pt
Lehigh A Hudson August
L. R ck A Meui. July
Long Island
3d wk Sept
Lonis.Ev.&St.L. 3d wk Sept
Loulsy.A Nashv. 3dwk Sept
Lou.N. Al. ACliic. 3d wk
Sept
Louisv.JS.O. AT. August
Mar. Col. A No. August
Mar.Rough.A O. 3d wk Sept
Memphis AChas. 2d\vk Sep:’
"Mexican Cent’i. 3d wk Sept'
*Mex.N. (N. Div)
Augut-t...J
do
(So.Div) August
do
allhnes Augu.*t
...
101,868
7,789
4,456
4 ,853
23.143
51,059
86,183
24,67-t
342,800
51,323
150,059
7,189
33,633
37,934
84,500
42,415
83.719
133.073
Jan. 1 to Latest Date.
1886.
1887.
$
1886.
$
89,950
23,08’
25,053
8~,799
4,323
16,44
40,749
1- ,171
$
695,882
642,631
322,*641
80
141,297
-,877;
MS 712
3,561,1 ’.5) 2,848,886
17 ,313
606,300
1.8 6,3k“
723/247
45 :,6 1
734,73ft
1, SO.t 97
13 >,488
553,932
1,543,688
653,014
9,133
263/265
67,853
475,860
46,537
1.42 4,701
390,184 1*2,5*1,031 11,653,293
24,822
2(e',798;
1SI,090
190,443 1,271,467 1,101,829
109,410 1,66 ,550, 1,672,513
946,910 7,0 4,15 ft; 6,516,380
15,870
81,199
109,428
85.71 1
517,4.6
574,494
56,019
411,600
370,515
157.603 1,010,225 1,054,437
1,104,513 8,064 382. 7,570,818
62,395 1,8x1.782 1,801,827
'
48.919
16.61 G
271.4*M
44,562; 1,852.179
31,918
3,860
95,081
7,447
2/41
40.838
20,813
266,628
288,8 .’3
l,3*‘5,ft(> L j
176,68 '|
564,309
214,637
141,823
1,670,841
1,003,878
158,461
485,405
205,497
l,440,r 93
1,225,284
138,604
355,545
2,4 48,6o3! 2/290,724
706/246
590,32629 .2 0 11,0*1,-38 9 J 6
,212
43, '47j 1,596,7* 2 1,281,692
109,180 1,166,138'
951,321
2,624!
36,884'
50,889
7-,695
24,136
165,700, ‘
41 0,4 36
20,2v 9
77ft,682
30,212
1,102,236
63,652
42.595
93.498
3,32.*,057
329,343
715,741
737.597
870,899
1
596,191
373,449
687,799
142,805 1.115,522 1,133,877
Mil.L.Sh.A West ‘3d ivk Sept
77,816
60,189 2.365,263 1,611,441
Milwaukee & Nr 3d wk Sept
21,9 -(2
14,0 1
667,482
440,430
Minneap.ASt. L. duly.
118,394
835,653
806,163
2’62’,5d6 Minn. AN o. West. 3d wk Sept 106.683
39,022
11,171
901,152
225,00m
301,200
Miss. A Tenn.
August
26.385
32/271
270,393
180,000 Mobile A Ohio.
230,317
August....
194,075
147,935
1,483,882 1.273.888
ASt.L. August...
272.481
224,4 ft?
671500 Nash.Ch.
N.Y.Cen.AH.R.. August.... 3,332,321 2,980,974 1,985.638 1,520,545
22,837/244 20,571,212
N. Y. City A No Wk
Sep 24
12,381
12,410
417,822
395,273
cN. Y. L. E. A W
August..
1,769,759 1,659,120 13,064,888 11,779,098
N.Y.Penn. A O. ! August
45,000
604/288
577,317 3,900.721 3,992,G66
44,100 N.Y. A New Eng
Gartield
1.930.900
456.500
August
393,854
139.200
379,543 2,691,009 2.515.873
2.213.400
45,000 N.Y.Ont. AW.
Fifth National
1,387,10 0
351.990
269,609
35,339
!3dwk8ept
28,884 i ,106.ft60
1.623.700
133,700 N.Y.Phil
969,739
B’k of the
3.899.600
831.300
Metrop.
168.200
ANorf.:August
4/ 05.400
40,267
32,3* 9
346,033
281,365
West Side
1,995.200
333 400
N. Y. Bus. AW..!
268,000
2,311,000
August....
131,474
94,ft46
867,140
Seaboard
696,474
1,895.430
267.400
Norfolk A West '3d wk Sent
175.300
0
2,036,4*
93.500
43,200
68,833 2,890,727 2,21*,909Sixth National....
1.910.400
396.300
126.000
2 075,009
N’tlieastrn(S.C.)
178,300
July
31,945
Western National.
29,400
5,73u,700
312,823
357.700
316,865
701.300
Noi thJ>r n Cent’i., An gust
3.324.400
608.6-8
502, 27 4.226,"57 3.533.889
Northern
Pacitic
3d
wk Sept
Total...
319,906
336,07ft
8,8
>7,712
8.287.874
346,428,800 70,'2',900 20,778,800 341,935,900
3d wk Sept
8,237,900 Ohio A Miss
1* 3,477
101,507 2,922,583 2,7"* 6,99 2
Ohio River
3d wk Sept
10,592
5,582
RAILROAD EARNINGS.
205,717
133,093
Oido Southern
August
47/201
46,355
358,607
307,842
The latest railroad
Imp. Co. July
376,393
301,606
earnings and the totals from Jan, 1 to Oregon
2,180,795 1,541,127
O eg. K.A N. Co.
latest date are given below.
July
405,300
421,881 2,681/283 2,753,194
Pennsylvania... August
5,022,01214,58
\39o 30,0 7,1**6 32,192,231
Peoria Dee. AEv.]jd w k
17,026!
Latest Earnings
Sept
20,018
608,318
565,552
f Jan. 1 to Latest Date.
Reported.
Petersburg
Roads.
2 V 891
jAugust
25,837
2 >7.199
245,057
Phi la. A Erie
Week or Mo
!Augu-t
381,05)1 349,521 2,632,428 2,310,728
1887.
1886.
1887.
tPliila. A Read’g August
1886.
2,055,764 l,s01,207 14,034,919 12,360,227
Coal A Iron Co
August
1,979,716 1,501,421 11,4*’4,20 11 9/229.600
$
$
Pitts. A West’ru August
$
Allegheny Val
191,509
15o,24
July.......
1/271,085
973,441
105,436
161,081
F’vt RoyalA Aug
1,109.867
Atcli. T. A S. F
997,602
July
17,813
17,596
August
180,134
174,042
11,481,201
1,341,951
12,107,798!
P’rtit'»yalAW.C.
9,586,429
AilantaA Cliar.JJuly
July
13,118
14,135
85,108
79,009
R
eh.
680,954!
Ter.
Co.—.
Ol
6.(0,'
Atlantic A Rac .|3d wk
40/280
Sept]
37,142! 1,889,843] 1,020,129
Kiohm. A Dan. August....
Balt. A Potomac July
358,654
331,088 2,631,183 2,506,985
j
117,254
114.01*6
Va.Midl’d Div
818,644
747,47 0
Buff.N.Y.A Phil.]3d wk Sept
151,894
155,023
August
61.500
1,010,677
97*2,850
0.
56,0;
1,986,706
Char.Col.AAu.
1,876,480
Buff. Roch.APitt!3d w k
August....
69,703
51,573
494,747
Sept
477,626'
35.974 1,4! 6,158
37,725]
Col.AGr.Div..
9*0,512
Bur.Ced.R.ANo. 2d w k S.pt
August
37,851
37,f*47
312,38.)
3
2,395
57,746
67,373, 1,926,202! 1,850,3.81
West.No.C.Div a 1*ust
Cairo V. A
63,795
49,189
4 18, ft 16
382,400
Chic.j3d wk Sept
16,327
14,236
541,717
Wash.O. AW..
454,847
Cal. Southern.. 3d wk
15,090
August
14,700
74,100
67,9 0
Sept'
30,-84
22,432 1,0(7,380
Ashv. A Spar. August...
485,076
tCamden A Atl’e July
8,000
6,100
38, l 1 (1
| 117,021
21,5ft7
97,7 33
360,289
Cat adiaii Pacifb 13d wk S<
312,262 Rich.APetersbg. August....
17,3>7
19,131
152, (21
pt
239,000! 221,000] 7,56 1/262 6,745,*23 Rome W. A Og
138,912
Cp. FTA Y ad. Yral August...
July
290,71 1
218,065 1,6 7 3,57 (i 1,494,919
22,352
1 65,249
20,248
St. Jo AGd. Isl 4th
139,66 i
Central of Geo.. August
30,914
6
23,247
wlvAug
4,55b
733,3 >3
498,015
451,891 3,658,358 3,491,131 St.LAltonAT.il 3,4wk
Central Iowa.,. August
3 ,6 42
29,106
Sept
981,00*.
874,010
112,091
828,626
117,022]
815.424
Brandies,
Chariest’ri A Sav July
22,1 10
18,333
|3d wk Sept
O.iS.615
5‘21,OIL
30, 571
32,917!
St. L. Ark.ATex. .id wk
293,176
281,704
Chesap. A Ohio. July
63,377
38,633 1,599.594 1,140,930
389,081; 405,509 2,449,192 2/22 .,327 St.L.ASan.Frau. !,jd wk Sept’ 126,176
11 ft,057! 4,162 611
Septj
Ellz.Lex.AB.ft.July
3/251/81
98,980
95,846
582,721
489,322 SL.PaulADulut1.j3d wk Sepi ]
Ches. O. & 8. W. 1 August
44,750
48,62ft! 1,11 ,05 2 1,017,963
178,2 22
147.399! 1,178.871 1,025,085 St.P.Min.AMan. August
Chic. A Alton... June
684.934
627,764 4,7 60,3 “7 4 <40,808
717,190! 637,4*4 3,964.931 3,522,328 Scioto Valley... !j
Chic. A Atlantic 3d wk
69.335
uly
!
56,745
423.3 151
48,601
Sept
355,900
43,(
08
Shenandoah
1,530,426
Val.
1,107,953
Chic. Burl. A No.!July.
84,000
jAugust
I
80,000
4 47,743
551,213
161,840
1.
South
132,12
Carolina
Chic. Bur. A (J..‘July
jAugust... J 86,726
76,525!
(91.181
6 7 2,315
2,107,801
So.
I’a.
;2,330,741
ittc
15,443,908
Co.
13,854,100
Chic A East, ill.jdil wk
j
Sept'
49,173
44,747 1,429.2531 1,230,532
GaL liar AS.A
Chic. A Iud.Coal3d \\ k 8*
July
i 251,414 236,570; 1,^10/97 1,469,915
pt!
10,980
4,360;
Louie.’a
We**
258,27ft!
Chic. Mil. «vrtl.r 13d wk
70,540
July
56,8(j2i
452,110
3 7,g67
Sept' 526,000] 573,500 16,590,472’ 10,34 3/2 -3
Morgan’s LAT July
Chic. A N’tli w'n ! August
.! 297,388
g77,393' 2.239,407 2/249,907
2,6 9,794/2,32s,476 16,659,115 15,2
N.
Y.T.
A
Mex.
.4,568
Chic. St. L. A Pitts5 August
July.
(
9,547
13,1 lo!
!
92,00.
78,341
Tex. .v N. Orl. ;
Chic St.P.A'Iv.'-.jl twkSept1 49t),82i] 439,287 3,699,578 3,007,517
Juiy
! 107,750
97,43 c
686,874
518,3*3
11.952;
Atlan’e
syst’m July
6,312]
73 6,639
Clne.St.P.M.AO. Atigu-r.
681,61
5,2*1,158 4,703,873
499,0*7 4,149,0*56 3,682.5*8*4
Pacitic system Julv
Chic. AW. Mid.. 3d w k Sept j 592.339)
2,2*(5,11012,035,582 1 1ft,*56 12,771.690
29,564!
Total
34,01l] 95)7,9141 9! 5,150
Cin. Ham.A D.. 1 st wkjui.\
r. .V.V. d,0*2*2,779 2,717,19
JulV
19
339,9 2 17,475,503
70,121
65,565 1,597,308' 1,369,172 Staten Is.Rap.Ti
Cin.Tud.St.L.AC. 3d 'a k Sept
August
! 117,0521 11(5,09
59 1,86
546,833
f.o.ol .«>
56.800' 1,900,889 1,823,081
Texas a Taciri
Cin. Jack. AMtek oil w k
vugusr
460,644; 443,511 3,455,0 9 3,399,602
Sept!
12,635
11,023
330,155
288, 48 ToI.a.A.AN.M’1 3d wk Sept
C •». N. U. aTJ .-(1 WK
8..
0
354.*5-*
12,172
Sept
5 ,970; 2,321,013
245,4 30
6-,969
1,964.592 Tol. A Ohio Cent :d wkS.pt
Ala Ot.South {3d wk Sept
24,191
lb,04t
7; 7.1 lft
r 42,713
28,7.5
2 ’/2 4
1 ol
A West.
1,049,007
I*.
793,436
N Orl. A N. E.
d wk Sept*
2tlwkSept
25,951
22,799]
< 2ft,3ft3'
594,617
10,089
8,-824!j
436,581;
Union Pacitic.
400,291
Vicksb. A Met 3d u k s.pt j •
July
2,479,372 2,3ft3,47~ ! 15,501,264! 13,721,535
12,(*951
34 3,875)
7,07
9,
330,022
Valley
of
Ohio.
Vicks. Sli. A )
51 / > 5 m L -A 10. V 2 8'
54,fttL
jAugust
1 •- 4 11
373,147
;3 1 V. k Set t
3 5,790
9,44 5!
Wab. Western... 3d w k
294,5 8
3 4 4,449
Erl anger Syst 1 d wk s.i-t t]
Sept
112,012 4,0 3,3*" 3,860,705
132,315)
100.612 4,4 5)6,270 [ 3,782,88 2
With.
E. Of Miss.
Cin.Rich.AFt.W !dd w k s« pr
585.601! 3/5ft:-,30l! 3,59 >,899
'
July
653,573
8.87 7
9,5 S ft
26 ',488
286,2341
;W.csi J* rsey— Julv
•
10 ,974
C.n.Wash.A Bali j.(u \\ k Sept
179,ft5St
800,48 !
725,497
50,065
48,713 1.526,521 1,3 7,72 1
Wil.
Col.
A
Aug 'July
4 4.119
Clev.AkroriA ( o !_d wk S< pt,
39 1,506!
41,2511
380,ft39
j
11,404
11.160)
39 l ,3( 9
1..
E.
Wheeling
A
379,661
3d w k Sept
1 4,399
Clev. A Canton 'Angus
12,411
5.5,17 Lj
413,050
33,* 5*7
35,229
234,035
Wis
'onsinUenr5
248,-04
3d wk sept
41,142
30.552' 1,40 i,.-90; 1,052,395
Clev.Col.C.A Ind! a gust ..| 43 .19P
408,538 2,861-/4)2 2,575,ft97
(jhic.Wis. A M 3d
k Sept
Clev. A Marietta!: d wk S pt
5,815!
13,647
4i0,'O
6.1 -7
5,52 m
21 4,173
Min.
196,103
St.C.A W. 3d wk Sept
10 0(51 i
Col. A Cin. Mid !-3d w-k •*cpt
6,397
j
350,550
184,039
6,357
7,25)4'
231,97s*
Pciiok( e
223,084
3d wk Sept
Col. Hock.V.AT. Am ust
9,958
240,452
1,686,056 1,390/202
211.406]
Whs. A Minn.. 3d wk
Dew. A R1<> G' '36 wkSep
6,722!
Sept
4,051
181 .('00
149,085 5.443,707 4 551.017
211,5( 2;
12 8,072
45,000
434,300
...
.
.
.
...
...
...
.
.
..
]
...
..
...
..
,
.
__
,
.
*
_
1 And branches.
t Not including Cen. of N. J. in either
3'ear.
] Including
c Not
including earnings of N. A". Penn. A Ohio.
*
branches.
Mexican currency.
[VOL. XLV
CHRONICLE
THE
430
AND BONDS.
are frequently
perendorsed;
share.
quotations
made for
g’d,” for guaranteed;
‘‘end.,"
grant.
GENERAL QUOTATIONS OF STOCKS
Quotations in New York represent the per cent value, whatever tlie par may" be; other
The following abbreviations are often used, viz : “ M.,” for mortgage; “g.,” for gold; “
“1. g.,” for land
late mail dates.
“s. f.,” for sinking fund;
“conv.,” for convertible ;
l>r consolidated;
Quotations in New York are to Thursday; from other cities, to
Subscribers will confer a favor by giving notice
United States
Bonds.
UNITED STATES
41*8,1891
4%s. 1891
4e, 1907
48, 1907
6b,
6e,
6s,
68,
6e,
Currency,
Currency,
Currency,
Currency,
Currency,
STATE
Bid.
BONDS.
rbg..Q—M
coup.. Q—M
reg... Q—J
coup.. .Q—J
reg
J&J
J&J
reg
reg
J&J
reg—J&J
reg—J&J
1895
1896
1897
1898
1899
SECURITIES.
California—6s, funded debt
ConnecticutNew, reg., 3%s,
1904
3s, 1910
District of Columbia—
106
24
35
28
24
22
11
5
&O
&O
&J
Boston,Mass.—68,cur,long,1905Varl
Brooklyn, N.Y.—7s, 1890
68, Water, 1891
6s, Water, 1899
6s, Park, 1924
......
..
Var.
Var.1
A&O
J&J
6s, currency, 1894
5s, gold, long
4*28, 1908
4s, currency, long
14
9
103
100
J&J*
10L1*
103
127
113
115
109
101
110
LOS
5s, 1897, municipal.
10
124
7s,-Park, 1915
7s, Bridge, 1902
119%| 7s, Bridge, 1920
1
7s, Kings Co., 1888
Buttalo, N. Y.—7s,1895
ii2
7s, water, long
109% | 6s, Park, 1926
118
118
113
107
no
Cons.3-65s,1924,cp
F&A
Cons. 3-65s, 1924, reg
Funding 5s, 1899
J&J*
Perm. imp. 6s, guar., 1891...J&Jt
Perm. imp. 7s, 1891
J&Jt
140
150
134
154
101
110
135
114
101
112
114
127
85
119%
....Var.t
Var.i
M& Si
j
Wash.—Fund.loan(Cong.)6s,g.,’921 jl08
jl08
Fund. loan(Leg.)6s,g., 1902 Varl (126
126
6s, 1894. water loan
J&J
6s, 1896, water loan
J&J
127
6s, 1904, city bonds
J&J *
1129
12S
>110
Charleston, S.C.—6s, st’k,’76-98..Q-J
115
Florida—Consol, gold 6s
J & Jijll?
1106
107
78, fire loan bonds, 1890....J & J
Georgia—7s, gold bonds, 1890. Q4i*s, 1915
J&J 104% 105% 1 7s, non-tax bonds
j(114
114
127
Market stock, 7s, 1»92
Water stock, 7s, 1901
do
78,1903
Kansas—7s, long
Louisiana—New con. 7s,
Stamped 4 per cent
J&J
1914..J&J
48.
85%
52
-
i‘06%!
Maine—4s, 1888
F&A 100%
103% 104
War debts assumed, 6s,’89.A& Ol
Maryland68, Hospital, 1887-91
J&J
100%
J&Jj
111
113
do
I
7s. 1894,
7s, 1896,
5Q
]
j
4s, 1937, new
Dallas, Texas—8s,
10s, 1893-96
!
140
10
....A&O
12
10
j (Detroit,
'
long
.
1904
Elizabeth, N. J.—New 4s,
%20
1114
1
t
103% 103%
106
,110
110
100
Var.t
*6%
120
Tex.—8s,1893-1909.M&S! 101
J&D 92
5s, 1920
J
M&S1 115
J&Jljl30
6s, deferred bonus
Tax-receivable coups., from
& J
& J
J&J
J&J
cons’ls
from 10-40s.
Do
8%
31
29%
t 138
Allegheny, Pa.—5e(cp.,
’87-97..Var. 100
4%s, coup., 1885-1901
Var. 100
4s, coup., 1901
;
Var.( 105
Allegheny Co., 5s, cp., 1913.J&J$ 100
4s, riot loan, 5-10s
100
4a, liot loan, l0-20s
'100
do
1101
5s,
l0-20s
4s, refunded.
5-208.
1891-1906....’103
!114
Atl nta, Ga.—7s
Do.
8s
Waterworks
Augusta, Me.—6s, 1905,
Augusta, Ga—7s
Austin. Texas—108.
price
110
j 114
Fund J&JI; L21
Various. 108
115
nominal; no late
123
7s,long
!
48
44
60
6s, long
!;
47
Lndianapolis.Iud.—7-30s,’93-9, J&J1; 110
Jersey City—6s, water, long, 1895.. 105
7s, water, 1899-1902...,
J&J 120
1891-’94....Var.'l07
10
33
31
64
*
36%
7s, improvement,
7s, Bergen, long
Hudson County 5s, 1905
Hudson County, 6s, 1905
Hudson County 78, 1891
Bayonne City, 7s, long
Lawrence,
ioi’
! 101
'101
11
8s
i Lynn,
Mass.—6s, 1887...
6s, 1894
Wat^r loan, 6s, ’96
Water loan,
122
j!'! 53,1905
I Macon,
120
103
Ga.—6s
120%
107
113
106
103
98
114
104
!,Manchester.
113
118
125
transactions, t Purchase:
also pays acorued
125
120
112
no
106
no
129
104
115
no
no
120
103
no
mmrnrnn
•
112%
113
120
70
118
80
120
138
104
136
103
r
103
112
.
Loci
140
t
7s,
100
101
ioo
100%
t 107% 108%
5s, loug
5s, 10-20
4s, 1905
St. L. Co.—6s,
Currency,
107% 109
102
102
120
t 118
fl 101
tj
gold, 190
7s, 1888
..
4%s, 191
5s. 1915.
6s, 1889.
loug, W.
consols...
113
~
100
1 105
1 112
105
105
106
128
125
115
103
107
1 L33
1 114
t
8s, 1893-94
-See Dist.
RAILROAD
of Col.
103
>112
) 104
BONDS.
(Bonds of companies consolid’ ted
found
92
126
1
Washington, D.C.Worcester, Mass.-
be
123
L.A&OI.t
125
/
115
X' 105
V 5 -5
•2d debent. 6s,
50
x\ 102%
1907.
J
>1
)
7s, g., 1902
113
interest, X In Loudon. $ Part being redeemed,
..
20
118
* 118
♦ 103
t 117
t
Land grant,
......
Ill
114
106
n
117
107
60
55
103%
.
) 118
J
> no
100%
114
128
137
117
'
under the consol'd name.) J
1109
111%
100%
t 126
Salem, Mass.—6s,
5s, 1904, W. L
os,
M&Nt 112
101%
t 90
\ 100
t! ioo
t'loo
107
112
120
118
.1100
t! ioo
Savannah funded 5s.
I&J 112% 113
11'
J&J 115 114
N.H.—6s, 1894....J&J1
adjustment
103%
J&J 125
F&A< 100
10 2
130
115
137
120
118
83
Var.i 108 1102
Var.i 101
58,1890-1900
M&N] 104 j i05
106
Lowell, Mass.—6s,1890, W. L.M&Nt 105
110
Lynchburg, Va.—6s
J & J 108 l23
68, long
6s, short
r
87%
N.Y—Water.7s,’95 LOO | 1*23
122 1111
Louisville, Ky.—7e,longdates.Var.t
Var.t
7s, short dates
106
105
L15
103
M&Sill6
J&J 126
J&D 114 116
J&J 112 I
Mass.—6s, 1894...A& Ot 112% 113
A&O 120 121
6s, 1900
Long Island City,
1102
; 104
!118
J&J1119
,
Providence, R.I.—5s,g.
6s, gold, 1900, water
Rahway, N. J.—Old 7s.
45
45
Houston, Tex.—10s.
48
Funding bonds, 3s, 1032
J&J 60
10-40s, cp. & reg., 3 to 5,1919.J&J
CITl SECURITIES*
115
Albany, N. Y.—6s, long....Variousf
7s long
61
(111
M&S
railroad aid, 1907
4s.
125
13080
105
111
| Fitchburg, Mass.—6s. ’91,W.L..J&Jt! 104
Galveston,
1915
do
New
130
114
106
103
116
120
128
113
108
108
118
102
108
140
SaT
101
114
110
112
123
120
128
no
126
134
119
6s, gold, reg
7s, water. reg.& cp.,’
58, Refunded, 1912.
6s,
106
106
111
120
126
128
130
112
107
118
! 117
('Hartford, Ct.—City 6s, var. dates..t 104
118
untax, 6s
.1 101
Compromise bonds, 3-4-5-6s, 1912
101
..'1. [j!■ CapitoL
Hartford Tovvu 4%s, untax
< 102
Settlement, 6s, 1913
101%! Haverhill, Mass.—6s, 1889... A&OI
Settlement, 5s, 1913.
111
68%! 70 j;Hoboken, N. J.—5s, long
Settlement, 3s, 1913.
117
Virginia—6s, old, 1886-’95....J
6s, new bonds, 1880-1895...J
6s, consols, 1905. ex-coup
6e, consol., 2d series
135
104
75
75
100
106
102
(100%
100
1912. J&J
Vai
88, special tax.
108
Var.t
Mich.—7s, long
J.&J
t
8s
4s,
■•
92%
105%
121
118
126
109
125
132
128
112
100
115
128
113
133
115
100
123
116
no
4s, long
100% 101
t
1907... J....A&01
Orange, N. J.—7s, long
Oswego, N. Y.—7s, 1887-8-9....
Paterson, N. J.—7s, long
M
•
126
126%
107% 109
109%
105
LOO
115
118
112
(Fall River, Mass.—6s, 1904...F& At!
j 5s, 1894, gold
F&A t:
5s, 1909...
F&Af
115
.M&Si 108
Norwich, Ct.—5s,
7s, 1905
110
83
113
103
Var.
loan.. J&J
129
83
(114%
(Evansville, Ind—7s, long, Various..|
97
122
Rhode Isi’d—6s, 1893-4, coup..J&J
5
©outh Carolina—6s,Non-fund.,1888.
105
Brown consols
58
Tennessee—6s, unfunded
Newton—6s, 1905, water
....
Var.
Var.
7s, water, long
I;
15
6s, 1919
A&O
1 L4%
Fenna.—5s, new, reg., ’92-1902.F&A
4s, reg., 1912
F&A 121
Texas—6s, 1892.
7s, gold, 1892-1910
7s, gold, 1904
99
•
/100
116
LOS %' 106
102
105
“
20
6si special tax, class 1,1898-9A&U
4s, new, cons., 1910
__.T A. .1
7s, 1896
7s, 1901
4%s, long
M&S
...a....
^
Covington. Ky .—7-30s,
Water Works, 1890
A&OH8
7 coupons off
5s, long..
New Orleans, La.—Premium bonds.
Consolidated 6s, 1892
Var.
Newport, Ky.—Water bonds 7-30s.
New York City—5s, 1903
6s, 1896
6s, 1901
111%'....
108
A&O
6s, 1898
5s, 1887-89
Columbus, Ga.—78
J & J112
A&O U5
68, funding act ot 1866. 1900 J&J
66, new bonds, 1892-8.1
J&J
6b, Chatham RR
A&O
Brunswick, N. J.—6s, long..
N.
6s, long—
58, long
Var.i
funded debt
canal
Bedford,Mass.—6s, 1909.A&Ot
New
102
114
104
116
j Cleveland,O.—7s, 1887
Var.t
Var.t
Var. I
6s, long...
7s, long
78, water, long
105% 106
LOO I....
8kg. fd. 5s, 1910M&N t
Hamilton Co., 4s
1
No.Oaroliua—6s,old, 1886-’98..J&J! 35
68 JN. C. Kk., 1883-5
J & J V. 1/9
6a
103%
104
no
119
125
126
128
111
105
7s, 1890
do
..... .
68, gold, 1891
6s, gold, 1892
6s, gold, 1893
5 s, long
South Park 6s, 1899
Cincinnati, O.—6s, 1897
M&Nt
7-30s, 1902
I 132%^ 133%
(101%
4s. 10-20
J&Jt
134%
Southern RR. 7-30s. 1906...JAiJt
(122%
121
do
6s, g., 1906
M&N 1
123
Cur. 6s, 1909....F&At
do
112
115
5s, gold, 1897
M&S
M&N 107
Michigan—7s, 1890
105
Minnesota—Ad j. 4%s,1911, 10-30.. 100
Missouri—6s, 1888
J & J 101
112
Funding bonds, 1894-95
J & J 107
Long bonds, ’89-90
J & J 109 1
Asylum or University, 1892. J & J 105
106
New Hampshire—5s, 1892
J&J
War loan, 6s, 1892-1894
J&J I 110 112
War loan, 6s, 1901-1905
J & J 125 127
132
New Jersey—6s, 1897-1902... .J&J* 125
6s. exempt, 1896
J&J* 121 125
New York—6s, gold, reg., ’87...J&J 102
6«. gold, conn., 1887
J & J;102
Newark—4s, long
4%s, long
103
105
129
114
117
111
104
111
109
125
141
152
136
155
102
116
115^
113
loan!
Cook Co. 4%s, 1900
West Chicago 5s, 1S90
Lincoln Park 7s, 1895
West Park 7s, 1890
101
(
6s, 1890
5s, 1890
(
106
3-658, 1897
J&J
Massachusetts—5s, gold, 1891. A&O L0>% 105%
5s, gold, 1894
non-taxable
Chelsea, Mass.—6s, 1897,water
Chicago, ril.—7s, 1892-99
6s, 1895
4%s, 1900
3-65s, 1902
Cook Co. 7s, 1892
Cook Co. 5s, 1899
1
100
F&A
Baby bonds, 3s, 1886
120
118
1 Baltimore—6s. consol., 1890..Q—J 103% 104% Manchester, N.H.—6s, 1902.. ..J&J 102
104%
4s, 1911
95
6s, Balt. & O. loan, 1890
Q—J
108% 108%
104% Memphis,Ten.—Tax.Dist.ShelbyCol 100
6s, Park, 1890
Q—M
108% L08%
114
Milwaukee, Wis.—5s, 1891...J & Df
124
107
124%;
6s, bounty, 1893
M&?
Var. | 108
78, 1896-1901
125
do
exempt, 1893... M & 8 UOi* 112
125%;1 6s,
7s,
water,
1902
J&J
122
5s, water, 1894
J&J
1 90
120
Minneapolis—4s, 1906-1916. Various 100
124
6s, 1900
J&J
125
5s,
Various!
1893
1
126
6s, West. Md. RR., 1902 .... J&J
129
Various 100
8s, 1886-1905, long
128
M&N
j 5s, 1916
112
Various! 70
4%s,1916
130
4s,
1920
J&J
i
110
106
Mobile, Ala.—3-4-5s, funded..J & J 70
6s.
Bangor, Me.—
RR.,1890-’94.Var.1 118 120 Montgomery, Ala.—New 3s ..J&J
90
104
6s, water, 1905
J&J 1
106
i
110
5s, new
104
100
6s,
E.&
N.A.
Railroad,
1894..J&J1 108
112 1
112
110
Nashville, Tenn.—6s, short
105
99
6s, B. & Piscataquis RR.,’99.A&01
102
101
100
6s, long
,
103
101
of 1873'
New, reg. or coup.,
Ask*
.....
Alabama—Class “A," 3 to 5,1906...
Class “B,” 5s, 1906
Class “C,” 4s, 1906
6s, 10-20, 1900
J&J
Arkansas—6s, funded, 1899 .. J & J
78, L. R. & Ft. S. issue, 1900. A & O
78, Memphis & L. R., 1899..A & O
78,L. R.P.B. &N.O., 1900..A & O
78,Miss. O. & R. Riv.,1900..A
78, Ark. Central RR., 1900. A
7b, Levee of 1871,1900
J
cons.,
Bid.
City Securities.
Ask.
Bid.
City Securities.
Ask.;
these Quotations.
of any error discovered in
i
“
117
21
120
120
105
120
since J69.
Coupons on since *69
431
THE CHRONICLE.
1887.]
October 1,
QUOTATIONS flOF
GENERAL
STOCKS AND BONDS—Continued.
Explanations See Notes at Head of
For
Bid.
Railroad Bonds.
First Page of Quotations.
Bid.
Railroad Bonds.
Ask.
Bid.
Railroad Bonds.
Ask.
Ask.
Cin. A Indianap., 1st., 7s,'92..JAD till
100*
Jhes.O. AS.VV.—M. 5-6s, 1911.FAA
2d M.. 7s,'87-92.JAJ tllO
112*
do
91*3
2d mort., 6s, 1911
100
FA A
105
Indianapolis C. AL., 7sof '97.. .. 1118
Ches. A Ohio—Pur. money fd., 189ft
95
106
Ind’apolis A Cin., 1st,7s.'88. A AO tl02*s
Series A, 1908
95
AAO
97
70
Cin.Jack.^Mac.—lst,5s,1933
JAD
II
tll0*3 112
6s,gold, series B...„
MAN
118
66
Cin. Laf. A Ch.—1st, 7s,g.,1901.MAS t
Extended
123
4s,
1986
MAN
tl21
105
19
JAJ
20*3 Cin. Lob. A Nor.—1st m. 5s
115
tll3
68, ourrency, int. def., 1918..JAJ
112*3
Cin. Rich. AChio.—1st, 7s, '95.JAJ t
93
*s
i<
1117
118
6s. 1911
AAO. 117 118
<
Cin.
Rich. A F. W.—1st, 7s, g.. .JA1) tllO
1117
118
Chic. A Alton—1st M., 7s, '93..JAJ
t
99*3 ioo
124
1122
Cin. Sand’ky A Cl.—6s, 1900..FAA
1025s 103
Sterling mort., 6s, g., 1903..JAJ 123
125
Consol, mort., 7s, 1890
JAD tlOO 100*fl
tll3
115
Bds. Kan. C. liue,6s,g.,1903.MAN
105*3
Cin.ASp.—7s,C.C.C.A I., 1901.AAO
1177e 118^
Miss.Riv.Bridge, 1st.,e.f.,6s,1912
117*3
7s, guar., L.S.A M.8., 1901.. A AO
103
Louis’aA Mo.R.,lst,7s,1900FAA
98
99
Cm. Wash. AB.—lst.gu^igs-esMAN
do
2d, 7s, 1900 MAN 117
32
33
74
75
2d mort., 5s, 1931
JAJ
26*4 27
St.L. Jacks’v.A C., 1st,7s,'94. AAO
3b 78 407(3
3d mort., gold. 3s-4s, 1931..FAA
117
94
100
do 1st guar. (564),7s,'94A AO
19
22
Income 5s, 1931
23
25
do 2dM. (360), 7s, '98..JAJ
8cioto A Hock. V, 1st, 7s....MAN
30
40
do 2d guar.( 188) 7e,’98.JAJ
*80
Balt. 8hort L., 1st, 7s, 1900..JAJ,
102 *3 Chic. A Atlantic—1st, 6s,1920. MAN
30
Clov. Akron A Col.—1st,6s,1926JAJ §103*8
106
103
2d. 6s, 1923
FAA
Gin. M , g., 5s, 1927
MAS §97^
103
103*3 Chic. B. A Q.—Cons., 7s, 1903.JAJ 129*3
101
tlOJ
Clev. Col. C. A I.—1st, 7s, '99.MAN 120
112
5s,
1895
Bonds,
JAD 106 107
1110
Consol, mort., 7s, 1914
JAD
111
{109
5s. 1901
AAO 104 105
Cons. 8. F., 7s. 1914
JAJ
118
1116
5s, debenture, 1913
MAN
107*4
Gen. con. 6s, 1934
*
JAJ
125
123
Iowa Dtv. 5s, 1919
AAO 107 107*3
Belief. A Ind. M., 7s, 1899...JAJ
98*3
126
Iowa Div., 4s, 1919
AAO
106*«
95
Clev. A Pitts.—4th M.,6s, 1892.JAJ
123 ig
FAA 89
4s, Denver Div., 1922
9L
Consol. 8. F., 7s, 1900
MAN 126*3
125
48, plain bonds, 1921
MAS
Clev. AM. Val.—1st, 7s. g.,'93. FA A
Neb. Ext., 4s, 1927
MAN tiY-i' 115
Colorado Mid.—1st, 6s. 1936..JAD
109
Bur. A Mo. R., I’d M., 7s,’93.AAO
i*o*4
Columbia A Gr.—1st, 6s, 1916.JAJ 102
do
Conv. 8s,'94 ser.JAJ t
116
84
86
117
1116
2d mort., 6s. 1926
AAO
101
Bur. A Mo.(Neb.), lst,6s,1918. JAJ
95
105
Col. A Cin. Mid.—1st, 6s, 1914.JAJ
do
Cons, 6s, non-ex..JAJ 1104*«
tiio* 111
92
t 90
Col. Hooking Val. A Toledo —
112
do
till
4s, (Neb.), 1910...
68*4
till
112
Con. 5s, 1931
MAS 66
do
Neb.RR,lst,78,’96i
tl00*3 101
63 *a
U18
Gen. 68 gold, 1904
118*4
JAD
S.W.,lst,88,JAD
111
do
Om.A
1109*3
: tuo
104
Col. AHock. V.—lstM.,7s,’97. A AO1-1110
104*3
m. Grand Tr., 1st. 8s, '90... A AO
1104*3 105
2d M., 7s, 1892. JAJ tl05
104 *3 105
do
Dixon Peo.A H., 1st, 8s,1889. JAJ
tllO
12 7
tl22
Col. A Toledo—1st mort. bonds
Ott. Osw. A Fox R., 8s, 1900. JAJ
tl05
••wmrnm
2d mort
do
1106*3 107
96
QuincyA Wars’w, 1st, 8s, '90.
tllO
mmm
1122
125
OhioAW.Va.,lst,s.f.,7s,1910MAN
Atch’n A Neb.—1st, 7s, 1907 MAS
tll0*3 111
lo4
Col. Springf. A C.—1st, 7s,1901.MAS
tll2igill3
Chic. Burl. A Nor.—5s, 1926...
1C4
105
io2 104
Col. A Rome.—J st, 6s, gu.Cent. Ga.
109
1107
109
111
Col.A West.—1st, 6s. guar Ceut. Ga
105
107
Chic. A Can. So.—1st, 7s, 1902 AAC
108
Col. A Xenia—1st M., 7s,1390.MAS t
93*3 94
106
108
Chic Kan. A West’n.—1st, 5s, 1
Conn. A Passump.—M., 7s,'93. A AO t
53*3 54
115
tll4
Income 6s
117
114
Massawippi, g., 6s, gold, '89 JAJ t
115
L17
33
Conn. West.—1st M., 7s, 1900. JAJ
tl 15
116
Income bonds, 1907
120
115
114
Connecting
(Phila.)—1st,
6s
..MAS
119
tll7
1st, con., 6s, gold, 1934 .... i
86
89
101
97
Consol.RR.of Vt., 1st, 5s, 1913.JAJ
65
Chic. A Gr. Trunk—1st mort., 1
Cor. Cow. & Ant.—Dob.tfs, '98MAN
96
25
Ch.A tnd.Coal R’y,lst 5s, 1936 JAJ
Cumb. A Penn.—1st 6s, '91
MAS ibo *3
108
106
Chic. A Mich. L. S. 1st 8s, 1889
Cumborl.Val.—lstM.,8s,1904.AAO
80
82
Chic. Mil. A St. Paul—
ios**
124
+ 102
98
102
P. du C. Div., 1st, 88, 1898. FAA
103
119
135
138
115
It
125
36
39
it 125 130
115*4
•
•
Atch. Top. & S. Fe—(Continued) —
AAO t 98
5s, 1909 (1st mort.)
5s, plain bonds, 1920
MAS t 90
AAO t 90
4*38,1920
Florence A El Dor’do,l8t.7s.AAO
K.C.TopekaAW., 1st M.,7s,g.JAJ
Income7s.AAO
do
o q
w
income 7sTaao
-p,
Piebeioi8ArPka^’111i7^9K091^30
1st, 7s. 1910 guar'1™?!
Bon ora,
t,7s,gfgua
WichitaAS.W., l s
Atlanta & Charlotte
Income, 6s
loo?
Ai? if-i8t7s“
A8t’
Atlantic A Pac. -1st
4sV 193 7*.’. JAJ
P* Incomes, !910.... j&j
Central Division, old 6a.
iu<‘0,ne8. * 1922 - i
o
*&A
East Side 5s, 1925
VLVL
Sterling, 5s, 1927
Sterling, 6s, 1895.;.';;
Sterling mort., 6s, g„ 1902.'.‘mas
Parkersburg
Br^efi^0' **»
*
}ai VAt£9
g’f
Creek—lht^g’jd
Balt. A Pot'c 1st fe «
let, tunnel, 6s. g.f
iqiT*
Beech
4a iq
Bell's Gap-1st 7s
Belvidere Del.—let 6s c
Cons. 4s, 1927
*
Boston A Alban v—7s ’ i «qo * * *
6s, 1895....
Boet. Cone. A Mon.— s.f 6s*’8Q t
7s
mo"
Consol
o
l
*
......
*
*••••
......
"
I
.....a
.
/8’1892---FAA
_
.......
.
E*a
Consol, mort
• •
•
•
8’ ®9,
......
A&O
..
JAJ
AAC
’
6a, 1896
5s,
4s, 1905
41«8,1903. ;v.
Boston A Maine—7s
7s,
1S94...J
Boet. A
....
•
qqq* * * *N
m
•
......
8f1893—.-JAJ
Providence*—7s" V«
iKi
1*105”
pittsTir^r^L’68'^'1921*^
‘S&ftSfSHSs
do
5s, 1910....
Chic. A Mil.
1st mort., c<
1st M., I. A
107*3 108
Pac.—1st'iii21'---A*°
<«uar-C.P.),6s,1905,J&J
do
^nco^ds VTh-
*uar°>5"
112
81
118
Cons. 68,1911...
Det. B. C. A
Carolina
\
92*3
2d.Ino..ti?,ti9iS5t^-S-.1920„I&J
J,
Chic.AN.W.—Consol., 7s,1915.0Consol., gold, 7s, cp.,1902..J^
94
RZ
107
132*3
Cent. Bru
Fund,
Atch.A Pike’s
132
1117
100
108
100
pj9i9: quar J&D
’95K&?
coupon7*Th$’
p l 1895MAN
:’*8t*tte,1905.C^,—F
cS?-g^^78'’9fe
boud7^3 Jst- ?•
J0
1
Chic. A Mil., 1st M.,
Mil. A Mad., 1st, 6s,
Inc.
Eastern
Ills
Central RR of
Di^dt,t>l °®ns-• 7s,A&O
ni^ I;’ }.8t’ ,69' 1912..A&O
v *t8, \9^
AAO
c&ZfJi
58,1921.JAJ
Consm^o8 J’^j°aI,inc-’’88»MAN
Cent.Ohiil/iHr,°id ’ P900’ a88’d.Q-M
Cent. Papist kt" b?’, 189°--MAS
goi1,?;,6^0.1.' ’1895 - js
ist «s,
let, 6s, gold, 1897....
lat, 6s, gold, 1898....
j&j
C^ Tore’18t
&
E-1900. A AO
°J®gon> ‘f’b8’
l8t» 6s, g.,’88.JAJ
Cal AOr°p
K 8ePes h> 68, 1892
*
P
Ifadg/an0^,1:^^8^^
es’la3c-
• -
jSS-l8t M.,8s,'88.iAO
Cheshire—6s. i 896-98 V.’.V.V.V.JAJ
Price nominal; no late transa
j
Ctiic. Santa Fe
100
111
102*3
....
Chic. A Gt. East.,
114*4
114*
110*)
Col.A Ind. C., 1st M.,7s, 1904
do
2d M.7s,1904.]
North Wise., 1st 6s,
Chic. A
101
*109
Chic. A W.
Mich. 5s, 1921.
......
t 08*3 109
ibo
108
t
1122
Cin. H. A I., 1st M., 7s, 190
Cin. I. St. L. A Chic.—Con. 6s
1st gold 4s, 1936
1 Purchaser also pays
accrued interest.
/
113
110
102
1107
tl08
1115
1116
118
do
1115
tll5
do
2d mort., 7s, 1905
115
*
109
110
117
118
121
82
118
118
105
ios
2d, 6s,
6s, L«89
Georgia Pacific—1st,
Gr.Rap. A
_
♦ In London.
--••••
•••••»
1*08*
JAJ 101
Ind.—1st, l.g., g’d, 7s, g,
109
•••■mm
45
+
118
1115
tioo
----••
•
mmm mm
•
••••
99
Consol.
[| Coupon otL
72
67*3
6s, 1922.JAJ
2d mort
’
94*4
1931
MAN
1931...JAJ
Gal.Hous.A Hen.—1st,5s
AAU
Georgia—7s, 1883-90
JAJ
do
110
t
) tl05
-
Holly W. A m*;
125
tl08*3 110
.
.
West. Div. 1st, 5s,
110
95
iu
m
127
-
112
108*3
Fitchburg—5s, 189
5s, 1900-01-02...
6s, 1897
.*•••«
120
1116
Tomah.—6s.
104
110
100
......
124
....
.
1116 *3
tll2
1115
HOO
;
1930...
General mort., 6s, 1932
......
„
..—1
......
102
.
104
118*8
..
100*3
102
100
)
i04*
6s
,f
100
con.,6s,1921,JAJ
Mt. Vernon—1st,
103*
98*3
JAJ
JAJ
i
Spr.—1st, 6s,gold,l9 <31
Evansv. A Crawf.—1st, 7s, '87.
122-**
116
112
110
112
1st, 7s, 93
Un.A Logan8p.,l8t,7s, 1905.
Cin. A Chic. A. L., 1886-’90.
114
{107
A Cal.—1st, 5s.
/
f
103
Eureka
106*2
129*3
107
104*4 1047e
A&O 103*4
Cha?Pte^ i Al8t: b8' g-’ ’99--J<fcJ
Pittsb.—2d, now 1st
Cons, mort,, 7s, 1898
Equipment, 7s, 1900
Evans.A T.H.,lst
98
98
lS'a
5s, perpetual
Erie A
......
116
129
106
105*4
112*3 116
112*3 116
95»i
95
115
1
]
Winoua ASt. Pet.
94*a
f
jit
90
20
10
103
t
94*3
120
121
113
7s, '98..
1905..M.AS,
•-••••
94*4
......
iii
-
i20
120
110
108
100*4 ioo7e
II
100*4
JAJ
Divisional, 5s, 1930
94
•mmm
••
1117
{114
120*3
119
109
60
85
105
104 *s
Cent, of Ga
85
139
do
1106
t.t
70
100
127*3
do
Cedar
63*3
ibi”
Dak. A Gt. So. 5s, 1916
85
30
^3d, inc., 6s, 1910
78
73
70
iio
90
v-ff T; v-MAS
Cent-lit st’!'M916..
Alp., 1st,6s. 1913
121*3
77*
118
121
Det. L. A North.—1st, 7s, 1907.JAJ tll9
32*3 35
Det. Mack.A M.—Ld. gr. 3*gs, S. A
••••«§
Dub. A Dak.—1st M., 6s, 1919.JAJ
115
Dub.AS. City—1st,2d Div.,’94. JAJ
101*3
105*4 106*3
■Cape Fear A Yad
132
120
Det.AB.C.lst,8s,en.M.C.1902MAN
102
Terminla 5s, 1914..
Dubuque Div., 1st,
Wis. val. Div., 1st,
113
.
102
131*3
......
Don. A R. G. 1st 7s,gold,1900. MAN
1st con. 4s. 1936
Denv.A Rio G.W.—lst.Os, 19111
do
assented ...
116
Denv.S.P. A Pac.—1st,7s,1905 MAN
_.-| De8M.A Ft.D.—Guar.4s, 1905. JAJ
1 "1st mort, guar., 2*gs, 1905 ..JAJ
1!6
1st mort., guar. 4s, on extension.
1023s 103*4
Chic. A Pac.
do
We
Chic. A Mo.
Mineral Pt. Div., 5s, 1910.
100
100
103
50
111
80
......
124*3 126
126*3 127
125
123
1st M.,6sv S’
1st M., 5s, L
So. Minn. Is
107
100
do
Callfor.
119
120
•
92
h° sii % £$':%’
i«- S5g
*, ii'l6t,6s,1920.A&0
Delaware—Mort., 6s, gnar. ,’95. J AJ
Del. A Bound B’k—1st, 7s,1905FAA
Del.Lack.A W.- Conv.7s,1892 ,
Mort. 7s. 1907
MAS
116*4
I. A M.
30
105
$ Iu Amsterdam.
432
THE CHRONICLE
G-BNBRA.L
For
Bid.
Railroad Bonds.
Gr.B’yW.ASt.P.—lst,6s,1911.F.&A
2d, incomes, 1911
Gulf Col. A 8.
Fe—1st, 78,1909 JAJ
KM.C.ASCplrrtksv’g,6 1902
2d, 6s, gold, 1923
.
-
,
AAO
Pan. ASt. Jo.-Con. 6s, 1911..MAS
Han is. T. Mt. J. & L.— 1st, 4s.. 1913
Hart. & Conn. West.—os
1903
Ho’et.E.AW. Tex.—1st,7s,’98. MAN
2d, Gs. 1913....
JAJ
B.& Tex.Cen—1st m.,7s,guar.l891
West. Div., 1st, 7s, g., 1891.. TAJ
Waco A N. W., 1st, 7s, g.,1903. JAJ
Cons, mort., 8s, 1912
A AO
Gen. mort. Gs, 1921
AAO
Hunt. A Br. Top— 1st, 7s, ’90..A AO
2d mort., 7s, g., 1895
FAA
Cons 3d M. 5s, 1895
AAO
Illinois Cent.—1st Chi.ASpr.’98 JAJ
1st, gold. 4s, 1951
TAJ
Gold, 3Ms 1951
IAJ
Middle Div. reg. 5s, 1921... FAA
Ask.
112
1115
1118
2d,7s, 1903..JAI)
cons.,reg.,2d, 7s,1903. JAD
Mahoning Coal KK.
75
23
10 7
87
107
65
115*2
Consolidated 5s, 1920
Mo.Pac.—1st
2d mort., 7s, 1910
MAS
Gen. M., s. f., 6s, g., 1923....JAD
L. Miami—Renewal 5s. 1912..MAN
L RocttA Ft.8.—1 stj.gr.,7s ’95.JAJ
Long Island—1st M.. 7s, 1898.MAN
1st consol. 5s, 1931
Q—J
Newtown A FI., 1st, 7s, 1891
N.Y.A Man. Beach. 1st7s,’97,JAJ
N. Y. B. A M. it., 1st con. 5s, 1935
Lou’v.C.A Lex.—1st,7«,’97 JAJ (ex)
2d mort., 7s, 1907
AAO
Lou. A Nasliv.—Cons. 1st, 7s, 1898.
Cecilian Br., 7s, 1907
MAS
-
ill
108
12)
A West.)
.
AAO
7s, 19 L4 MAN
121 *2
106
44
20
12
95
•
;U0
1
95
',110
TAD
94
;
102
96
JAiij
93
1
9G
do
2d M.,ext.^-Gs,’88-190 ‘
do
3d M.. 6s, ’96-1900.JAJ
Va.A Tenn., 4th M.,8se 1900.JAJ
do
extended 5s,1900.JAJ
North Carolina—M.. 8s. 1888.MaN
North Penn.—1st,7s, 1896
MAN
Gen. mort., 7s, 1903
TAJ
New loan, 6s, reg., 1905
MAS
ortheast.,S.C—1st M.,8s,’99,MAS
i'03
2d mort., 8s, 1899
MAS
Northern Cent.—4*s per cent..JAJ
3d mort., 6s, 1900
AAO
132
115
10 0
115
Mort. bds., 5 a, 1926, series A JAJ
.
104
......
85
*102”
102
102
129
191
.
.
.....
.
.
.
.
106
i’17
119%
133
122
122
118
119
lo5
.
.
119*£
Con.mort.,6s,g.,ooup., 1900. JAJ
118
-
108
107
'
50
27
Ohio A Miss.—Cons.,s.fd.7s,’93 JAJ
Cons, mort., 7s, ’98
JAJ
2d mort., 7s, 1911
AAO
1st gen , 5s, 1932
TAD
1st mort. .Springf. Di v., 1905 M A N
Ohio River RR— 1st 5s, 1936.TAD
22
19
71*2
Ohio Southern—1st
72*2
i'll
107
115
126
135
107*2 109
106
107
127
110
133
;
!
5s, L920..
1st cons. M.,7s, g.,1920
New 2d cons, (is, 1969
..
AAO
IAI>!
MAS}
112
Orange B It—lstmorr., 6s,
Oreg. A Cal.—1st Gs, 1921
mort., 7s
i*03*
114*2.
101
104%
116%
......
102
116
102
102
99
44
117
116
112*2
92
109 *a
111%
104 ”
iii’"
109
114
loG
110
115
108
I05*s 107
111 113
116
114
74
75
1907...I
JAJ*
.01
106
*
O^gon ATrauscont.—6s, 1922 MAN! 9 i *4
1915.MANIH22
7s. g. ’97. A AO1 J L06
Sinking fund sub., 6s, 1910.MAN1
Osw.ARome— 1st M.,7s,
i’0’6
106
10 l
no
i'02 *1 Panama—Sterl’g M..
...
Subsidy bonds, Eng. issue, 6s
I; 102
106* ! Peuu.RK.—Gen.M,6s,cp.,1910Q—J
j 131
99
!
Cons,
mort., 6s, 1905
O—M
Collateral trust, 4*2S, l9l3..JAl>j
Consol. 5s, 1919
JaD
j
Penn. Co., 6s, reg., 1907
O.—J!
I
do
1st M.,4*2S, 1921.JAJi
107*4 Penn.A N.Y.Can.— 1st. 7s, ’96. JADj
121
1st mort., 7s, 1906
JAD;
l
Pensacola A Atlantut-1st 111..FAA.
100
| Peo. Dec. A Ev.—1st. 6s, 1920. JAJ
j
J 2d mortgage. 5s, 1927
1
86
Evansville Div., 1st 6s, 1920.Mas|
115’
63
60
......
1:.:„
jet.
pay’* accrued interest
Peo.A Pekin Uu.—1st,6s,1921.Q—F
2d mort. 4 *?s, 1921
Perkiomen—1st M.'Gs, 1387..AAt)
Cons. mort. 6s. 1913, sterling
i
<}—F
|
118
35
10
1
...
Petersburg -Class A, 1926
13^
I
12 2
BiinimryAEric, 1st
I’liiia
105
....
.
j
.
108
ilo*2
106
193*2 101‘Tt
115
117
133
93
74*2 75*2
101
105
10J
97
1 *5'
99
103
110
127'
113
M..7s.’97.AAuj
Consol, mart., 6s,
i 16
1911...a;..JADj
Iiuprovomeut mort., 6s, '97. A AO 103*’
Gen’i mort., 6s, 1903
JA ii 100
102*’
Gcn’l mort., 7s, 1903
JaJ 101
101*£J
Cans. 5s, 1st scries
Cons, ns, 2d series
Conv. ad j. scrip
Scrip for G deferred
♦
4
io4
A Read’g—1st, 6s, IOLO.JaJi
125
2d, 7s, ’*93.....
A AOj 110
114
Debenture Gs, 1893
60
IAJ;
Consol. M.,7s, 1911, ri*g.A cp. J AB| l’ *3-I; 126
Convertible, 7s, 1893
ii's”
JAJ
108
122
Class B, 1926
AAO 1- 8
Plula. A Erie—1st M.,7s, 1888.JAJ
L03
Gen. M/. guar., 6s, g., 1920. .Ja.E;125
C -nsol. 5s. 1‘9_0
AAOi
I0o*t
100
JAD|
Collateral Tr. 6s, 1922
MAN |
Fund. 5s, 1909
JA.1)
89.
1st con i. fund coup.,7s, 1920 MASj
Reorgauizat’n 1st iicn, 6s, 1908
lo3
Gold income bonds, 6s, 1977
i
Lena Dock mort., 7s, 1893..JAD
do
con. g., 6s, 1935 ..AAO*
1 Purchaser also
......
1921...JADj 103*2
j 35
FAA J
6s, 1895
JAD I
7s, 1894
MAS J
i
4*2‘S, 1904
..AAO *
1
Bost.C.AFitchb ,lst.7s,’89-90JAJ 1
1
B. C. F. A N. B.( 5s, 1910 ..JAJ
1 V N. Bedford RR., 7s, 1894 ..JAJ jft
| Omaha a SC L.— 1st, 4s, 19,;7..JaJI
129
ili^
5th mort., 7s, 1338
6s,
2d income, 6s, 1921
Old Colony—68,1897
110
,
4th mort., ext.,
Norw’hAWoro’r—lstM.,6s.’97.JAJ 114
Ogd’nsb’gAL.Ch.—1st M.6s,’97, JAJ 1100
Sinking fund, 8s, 1890
MAS 1 101
Consol, ,6s, 1920
93
AAO
42
Income, 3s A 6sl920
Ohio Cen.—Riv. Div., 1st, 6s.. 1922
Income, 6s, 1922, Tr. rec
113*2 114
N. J. Juuctiou, 1st, 4s, 1983..FaA
New Jersey A N. Y.—1st mort
*99 ”
N. J. Southern—1st M.,new 6s.JAJ
95
N. (). A Northeast.—Prior 1.6s. 19in
N.Y. A Can.—£ M..6s,g.. 1904.MAX » 113
113 ’
N. Y. Cent. A Hud. R.—Ex.5s.MAN
<04*4
il Mort., 7s, coup., 1903
131
.-...JAJ
!; Debenture ns, 1904
MAS 197
Sterling mort., 6s, g., 1903...JAJ 122
New York Central—6s, 1887.JAD
101*2
!
I N.Y. Chic. A St. L. —1st,6s, 192 l. J A D
9 s*8
'i 2d 6s, 1923
92
...MAS
8t
!j New 1st mort., when issued
61
'j N.Y.City A No.—Gen’l,6s,’lO,Tr.rec
•I
Assent d
59 *4
•i N.'Y. Elevated.— 1st M., 1906.JAJ
117
N. Y. A Greenw’d L.—1st M. inc. 6sj
25
2d mortgage income
6
N.Y.AIIarlem—7s,coup.,l900.MAN 130
N.Y. Lao
A W.— 1st, 6s, 192 L. JA.J
125
2nd. 5s. guar., 1923
FAA
X. Y. Lake Erie A Western —
1st in u r
7s. 1897, ext
MAN
2d mort. exten., 5s, 1919 ...MaS
3d mort. ex. 4*«s, 1923
MAS.j 1 <>4
|112
|iotj*2
10 J
•Price nominal; no lute transactions.
1
Adjustment 7s, 1924
Q.—M.
Conv. deb., Gs. 1894
TAJ
Norf’k APetersb.,2d,8s, ’93.JAJ
So. Side, Va., ext. 5-^-8s,’88-1900
......
■
....
-
6s, 19,>5 (Marv
j
•
114
117
120
102
......
...
•
Portl.A K.,Cons. M., 6s,’.lo.AAOjt 11 t
Debenture, 6s. 10-20
'.FAA* lo5
Man.Herndi hup.Jim.,7s. I 9U9.M a>I
Marietta Mm. 1st, ( s, 191 >.MAN 1
Ma q’lte Ho.A
O.—Mar.aO.,88, ’92i 108
6s, 1923 (extension)
i'03
“"“***
do
series B
Con. mort, stg. 6s, g., 1904...JAJ J L LO
80
H00
102
orth. Pac., P. D’O Div.—6s, MAS. 100
Mo. Div. 6s, 1919
101
..MAN
ioi
Gen’l 1. g., 1st, 6s. 1921
JAJ 114
Gen. land gr.,2d, 6s, 1933...AAO 10-3q
Dividend scrip
JAJ
no
110*2
James Riv.Val.—1st,g.,6s.’36JAJ
91*2 92*4
Spokane A Pal.,1st Gs, 1936.MAN
80*2;
Ft.P.ANor.Pac. gen.Gs,1923.FA 4
Helena A Red Mt. 1st,6 4,1937 MAS 102*2
Dill. A Mail.. 1st, Gs, 1936. ..JAJ 10 t*2
109*2
Hel. B. Val. A B.,lst,6s.l937MAN 104
1004i 101
North. Pac. Ter. Co.
lst,6s.'33. JAJ 101*2
pL02
Q—J *■103
St.L.—1st, 7s, 1913 JAJ
-|i 2d molt., 6s, 1901
JAJ
|Nasliv.A Decatur—1st,7s,1900.JAJ
rNatchez Jack. A Col.—1st, 7s. 1910
115
New’kS’setAS.—1st. 7s, g.,’89.MAN
118
N’burghAN. Y.—1st M. 7s. 1888.JAJ
..
I
,
JAJ
5s, 1900
*1 08 *2
<no
122
117
;11)
109 *8
98
98
99
110
55
115
112 *2 L 14
IaDi 109*2 1»0
19o8
Collateral trust 6s, 1892
i8f, extension 6s, 1927
Nash v.Cli. A
Gon 1 mort., 6s, 1930
So. A No. Ala., S. F. 6s, 1910 AAOi
!084>|
Is 1 mort., sinking fund, 8s
Trust bonds. Gs, 1922
Q—M
| LOG
Ter f< »rty Gs. 1924
MAN loo |
10 L
50-year -old, 5s. 19.-V7
MAN
Peusa. A ail-lsr,Gs,gu,’21.FAA
; 0
91
L’-y.N.A a Chic.—1st,os.1910. JAJ
110
Gen. icon. Gs, 19 u»
aAOj 90*2
Lo’isv.N.O.ATex.-lst,f>8,1934MAs!
!
Maine Cent. — >loct. 7s, 1898. ..JAJ | 1»8
|L20
Extern bonus, Gs, g., 1900... AAO J TO #
| L1 l
Cons. 7s, 1912
A AO 1(127
130
Androseog. A Ken., Gs
;j 104*2 10G
Leeds A Farm’gt’n, Gs, 1896.JAJd HI
jll2
os,
-LOO
115
99
Leroy A C. Val., Ls',5s.l9*26.JAJ
Mobile* A Birin.— 1st. 5s, 1937
Mobile A O.—1st pref. debentures..
2d pref. debentures
;...
3d pref. debeutures
4th pref. debentures
New mortgage, 6s, 1927
JAD
FAA
Bonds, 7s, 1900
JAJ
General mort., 7s, 1901
AAO
Consol, mort.,7s, 1915
JAD
Nashua A Low.—6s, g., 1893.FAA
I36*s
100
128*4
109
107
1L2*2 113*2
mort.,6s,gld,’88, FAA
1st mort., 7s, 1918
Morris A Essex—1st,
2d mort, 7s, 1891
129*2
113
Leased L. rental trust, per deb. 4s J*7
West. ext. certifs, 8s, 1876.. JAJ I 155
do
do
7s, guar. Erie! 155
N.Y. Phil. A Nor.—1st, 1923 ..JA.L
97
Income, 6s. 1933
A tO;
S5
40
N.Y.Susq. A W.— Del*. Gs, ’97.FA A |
1st refuud., 5s, 1937
JAj! 85 **sT’
2d mort., 4*28, 1937
64
FAA
Midl’dof N. J.—lst.Gs, 1910. AAO 108*4 109*2
N. Y. Wood.A Rock 2d inc. 1912..
Norf’k AW.—Gen’l M.,6s,l931 MAN
116
New River 1st 6s, 1932
i'0‘9
.AAO
Iinpr. A Exten., Gs. 1934
93
FAA
98
94
39
90
101
89
89
113
JAD
8t.L.A Cairo—4s, guar.. 1931.JAJ
2*21 Morg’u’sLa.ATex.,lst,6s,1920JAJ
Leb.-Knoxv. 6s, 1931 ......MAS
Louis. Cm. A Lex., 6s. 1931.MAN
Mem.A 0.,stl., M.,7s, g.,1901JAD
FAA
N. O. A Mobile. 1st 6s, 1930.JAJ
do
20, 6s, 1930
JAJ
Pensacola Div., 1st,6s. 1920..MASj
St. Louis Div.. 1st, 6s, 1921..MAS
do
2d., 3s., 1980.MAS I
Nash. A Dec., 1st 7s, 1900...JAJ
j
E. H. A N., 1st 6s, 1919
1 ADI
..
,
,
118*4: 120
107
122
10 *
45
111
11
5
89
60
60
it
69
21
Consol. 6s, 1920
MAN 114% 116
2d mort., 7s, 1891
JAJ
Car. B., 1st mort., 6s, g. ’93..AAO
3d mortgage, 7s, 1906
119
..MAN
Void.V.Ind.A W.,lst,5s, 1926MAS c
102*4
l5$a?s
12
122
111
101
90
*2 ! N.Y.Pa.A O.—1st. inc.,acc.7s,1905 144
108*2
do
lo9
prior lien,inc.ac.,5-6s,’95 !lo9
76
2d mort. inc
:io
_.|
}10
69*2
3d mort. ine
i
L 15
119*2 120*2
2d mort., income, Gs, 1911.. A AO
1st, 6s. g., 1899, (U. P. S. Br.)J AJ
Han. A C. Mo., 1st 7s, g.,’90.MAN
12b *4
123
lv«
i
98
75
Mo. K. AT.-Con s. 7s.. 1904-6.. FA A
Consolidated 6fe. 1920
JAD
126*4;
122*4
1st M., 6s. 1905...
..JAJ
2d m.,6s, 1902
FAA
2d Gs (scaled to 3s)
.FAA
N. Y. N. H. A H.lst r. 4s,l 903. J AIL
N.Y.Out. A W.—1st, g., 6s, 1914 MAS
105
Ask.
121
no
100
89
......
99
,
Bid..
N.Y.A.X.Eng.—1st M.t 7s, 1905JAJ
i
......
i‘32
102
125
118
1st, 6s, on extension 1913..JAD 106”
Miun’p. A St.L—1stM., 1927.JAD
1st M., Iowa CityA W., 1909.JAD
2d mort., 7s, 1891.
JAJ
Southwest. Ext., 1st,7s, 1910 .J AD
Pacific Ext., 1st, 6s, 1921.. AAO 110
Imp. A Equip. 6s, 1922
TAJ
Minn’p. A Pac.,’1st, 5s, 1936 JAJ
Minn. S. Ste. M. A Atl.—1st,5s, 1926
Miun. A N. W.—1st. 5s. 1934..JAJ 101*41
115
Miss. A Tenn.—1st M., 8s,series “A’
8s, series “ B”
JAJ 103
1-0
Railroad Bonds.
.....
St. P. E. A Gr. Tr’k, 1st, guar.. 6s.
Mil. A No—1st, 6s, 1910.. .JAD
123*2
12L*2
101*2
1st, incomes
1st, 5s..JAJ
Lawrence—1st mort., 7s,1895.FAA
Lehigh Val.—1st,6s,coup., ’98. JAD
Ask.
T
KalamazooAS.H.,lst,8s,’90.MAN
Kal.A Wh. Pigeon,1st.7s,’90..JAJ
cons.,reg.,lrit,7s,1900.Q—J
Bid.
J.L. A Sag.Nortli Ext.,8s, ’90.M AN
do
Cous.lstM.,8s,’91.MAS
do
6s, 1891
MAS
Joliet A N.Ind.,lst,7s (guar.M.C.)
Mich. A Ohio—1st, 6s, 1923 ..MAN
Midd. Un. A Wat. Gap—1st mort..
2d mort. 5s. quar. N.Y. S. A W...
Mil. l ane Shore A Western—
1st mort.. 6s, 1921
MAN
Conv. deb. 5s, 1907...
FAA
Mieb. Div., 1st, 6s, 1924
JAJ
Ashland Div., 1st 6s, 1925..MAS
......
cons., cp.,
B )NO3—0Jansenso.
Pa;e of QiiotiitloiiH.
MAS
MAS
5s, coup., 1931
Buff. A State L., 7s, 1886....JAJ
do
do
do
AND
of First
Railroad Bonds.
6s. 1909
120
1113*2 115
K.C.St.Jos.A C.B.—M.7s, 1907. JAJ i 121
123
108
AMem.—1 st.6s, 1923.MAN 107
Ken. Cent. Ry.—Gold 4s, 1987.JAJ
74
KeokukADes M.—lst.5s.guar. A AO 110 5 112
Knoxv. A Ohio 1st. 6s, 1925...JAJ
93
Lake E. A West,—lst,g.,5s,1937JAJ luO
l9l*4
L*ae snore A Mich. So.—
01. P. A Ash., new 7s, 1892.. A AO 112*2
Bufl. A E.,new bds, M.,7s,’98.AAO 120
Dividend bonds, 7s, 1899...AAO
I*.8.AM. S.,cons.,cp., 1st,7s.JAJ
SDOOBS
92
8s, 1907
34*2 36 ! Memph.A Cliarl.—1st,7s, 1915.JAJ 120
120
121 *2!
2d mort., 7s, extended
JAJ UO
101
1st consol. 7s, 1915
JAJ
116
118
1st. cons.. Tenn. lien, 7s, 1915 JAJ 120
110
Gold, Gs.1924
JAJ 100*2
*98'
M^trop’n Elev.—1st, 6s, 1908, JAJ 1 14*2
60
65
2d 6s; 1899
MAN 108
Mexican Cent.—1st, 7s, 1911..JAJ
75^
113
Scaled 4s, 1911
JAJ
69*4
110*2:113
Bond scrip
08*2
in
Incomes, 1911
20*2
101
97
Debenture 10s, 1890-95
AAO
93
8erip 10s, 1889
IAJ
Mexican Nat.—1st, 6s, 1912 ...AAO
37
112
83
Speyer A Oo.’s cert., 2d. inst. pd..
100
Mich. Cent.—Consol.,7s, 1902.MAN
127
11512
Consol. 58, 1902
MAN 10S *2
107
1st M. on Air Line, 8s, 1890.JAJ 10G
'95
Air Line, 1st M., 8s, guar.. .MAN 101
2d, Gs, 1907
JAD 118
Ten. lieu, 7s, 1897
MAN 115
5s, 1951, gold
JAD 114
Ind. Bl.A W.—1st, pf.,7s, 1900JAJ 121
1st mort., 5-G, 1909.Tr. rec.AAO
87
2d mort., 5-6,1909, Tr. rec.AAO
74
22 *«
Income, 1921
86
East.Div., 6s,1921,Tr. reo... JAD
Ind.Dec. ASp.—1st, 7s, 1906.A&D II105
2d mort., 5s, 1911
JAJ
2d, Income, 1906,Tr Co. cert.JAJ
New 1st mort. 6s, funded
Ind’polis A St.L.—1st,7s, 1919.Var. 1112
Ind’apolisA Vin.—1st, 7s,1908. FAA 115
2d mort... 6s, g., guar., 1900.MAN 103
Int. A Gt.North.—lst,6s,1919.MAN 112
Coup. 6s, 1909
MAS
Ionia A Lansing—1st 8s,’89. ..JAJ 1105*2
I >wa CityA West.—1 st,7s,1909MA8
I a Falls A Sioux C.—1st, 7s,'99 A AO 1132 *
Jsfferson—1st mort., 7s, 1889. JAJ 100
J eft. Mad. A Ind.—1st, 7s,1906. A AO til 2
2d mort., 7s, 1910
JAJ t!15
Junotion (Phil.)—1st,4*as,1907 JAJ
2d mort.. 6s, 1900
AAO
Kanawha A O.—1st 6s 1936..J AJ
55
Kan. O.Cllut’n A Springfield—Is,5s
97*2
Det.Mon.A Tol.,1st,7s,1906. FAA
Kalamazoo Al. A Gr.R..1st,8s. JAJ
OB
104*2; i Memphis A L. Rock—1st,
i’ll
Sterling, S. F., 5s, g., 1903..AAO J109
115
Sterling, gen. M.,6s, g., 1895. A AO :i i3
LI 1
Sterling, 5s. 1905
JAD 1109
Chic St .AN O.-lst con. 7e, 1897. lln*2
.
.
QUOTATIONS
Etplanations See Notes at Head
[Vol, xEv,
In Loudon.
JAJj
.MAN!
Fa A |
I AJ
*2 coupons ..*
H Coupon oil.
8'J
58
60
October 1,
THE
18S7.J
GEX.ERA.L
VII.KOAD
Bid.
BONDS.
Ask.
Bid.
(.9
4
il64j
Pitt8b.Cl.ATol.—1st, Os, 1922.4 * ‘
Pittsb.AC'onTlsv.—lstM.7s,’98.JAJ
Sterling cons. M. Os, g., guar. JAJ
Pittsb.Ft.W. A C.—1st,7s,1912 Var
2d rnort., 7s. 3 912
JAJ
3d mort., 7s, 1912
A AO
Pittsb. MoK.A V.— 1st,6s,1932.JAJ
1
Pittsb. A: West.—1st mort
Por tl’ml A Og 1»’g—1 s 10 a, g.,1900J A J I'
Port Royal A A ug.— 1 st. Os, ’39. JA J
Income mort., Os, 1*99
1
JAJ
Rich VIA Alle.gh— 1st, 7s, trust rec.
2d mort., Os, 1910.
M AN
Ric.h’d A Ihtnv.—Con.,Os,’90. .MAN
...
|
..JAJ
AA-O
A AO
j
Piedmont Br., 8s, 1338
A A* | L v 2
Rich. Fred. A Potomac—Os,ext. J A J
Mort, 7s, 1831-90
JAJ
Rich. A Petersb., Os, 1915....MAN
New mort., 7s, 1915
MAN
Richmond York Riv. A (Ties., 9s.. I 1*10"
2d mort., Os
MAN 160
83
Riel). A West Pr.Ter., fs, 1897.FAA
Koch. A Pitrs,, 1st, Os. 192U..FAA 114
Consol. 1st, Os, 1922
JAP 113 4
do
do
do
i 0-4
ii5*
...
114
IO24!
lUD
to
85
9; 4 99
50
115
1;3
110
-
-
-
.
.
.
'314
Gen., 6s, 1920, Tr. rec
Chic. Div., 5s, 1910 gold
Havana Div., 6s, 1910
.
,
St. Louis Iron Mt. A So.—
1st,nut. 78.1892
FAA 107
2d mort., 7s. g., 1897
MAN 112 L*
Ark. Br. i. gr., M., 7s, g., ’95.JAD lob
Cairo Ark. A T.,lst,7s,g.,’97.JAD
Cairo A Ful.,lst.l.g.,7s,g..’91.JAJ 10*5
Gen. con. r\v A 1. g., 5s. 1931A AO
St. L o uis A Sat i F i a m—2 d,ci. AM AN 112T
2d M., class B, 1900
MAN j lldj
do
class C, 1900
MAN i 112 L
101
South Pacific.—1st M. 1888 .JAJ
Kan.C. A aw,, 1st, 6s, g., 1910.. JAJ
Pierre C. A O. 1st, (is.
FAA
Equipment. 7s. 1895
j a I > 107
General more. Os, 1931
.jaJ
General mut., 5s, 1931
JAJ 100
Ft.S.A V.B. 1 d.,1 st.Os. lfllO.AAO
St.L.K AS--.W. -1st 6s, 191651 AS;!
Trust bonds, 6s, 19.0
FAA c
St. L. W. A W., 6s, 1919
MAS C
5 t. L. Valid. AT. H. -1 s tM. ,7s, ’ 9 7. J A J
102
2d mort., 7s, 1398
MAN
—
......
!
i
Lil
110 4
i
_
1
i
_
O
2d, 7s,guar., ’98
MAN
St. P. A Duluth—1st, 5s, 1931.FAA
St.P.Miun.A Man.—1st 7s,1909 JAJ
2d 6s, 1909
A AO
164
Dak. Ext.. Os. 1910
MAN
1st consol. Os. 1933
JAJ
do
reduced to 4Vjs ..JAJ
Minn’s U'n, 1st, 6s, 1922
JaJ
SanAut.A A.Pass..1st «.s,1910.JAJ
do
1st,* s.l
6.J AJ
116
114
..
Sav. FI. A W.—1st, ( s, 1934..AAO
At. A Gulf, con. 7s, ’97
JAJ
So. Ga. A Fla.—1st, 7s, 1899
.0.4
1054
1 14
101
.60
j
j
Indiauap. Div., 6s, 1921
JAJ
JAJ
JAD
Detroit Div., 6s, 1921
JAJ
b arren
(N.J.)—2d, 7s, 1900
111
1144
974
......
9*o
119
118
1.9
,
i...
99
102
103
108 4 10.) 4
L21
•VoT
.
...
Ala. Gt.
Ala. N. 0. A I’ac., Ac.,
do
do
pref
Atlanta A Charlotte Air Line
Atlantic A Pacilic
j
j
!
So. Pac.. N. M.—, st, 6s, 1911 .JAJ 1674
Staten Isl. Rapid Tin ns.—1st mort. I
......I
Steuben. A uni., 1st 6s, I914..JAJ! 1*05 ^2
Stock. A Cop - 1st, 5s. l! >05. ..JAJ
Summit Br.—1st, 7s, 1903
JAJ1
.1
S uu b. IIaz. A W B.—1 st,5s, 1928M AN:
j ll 3
j
2dmoit., 6s, 1938
MAN
( 9.4
1105
.1
......
......
&
7r.B1ug.AN. Y.—eonsol.7s,'0GAAO
Tex. Cent.
lst,sk.ld.,7s,1909MAN
(
—
MAlN
^0
jays
100
106
100
133
135
1-5
H>
7
^
^
j
10()|
?V)
do
Pref., 5... 100j 102
Boston Iluosac Tun. A Western
■
104
26
158
21 i
luO
218
Bust. Con. A Montreal.
Boston
Boston
Boston
Boston
100
A Lowell
A .Maine
A N. Y. Air-Line,
A Providence
accrued interest.
\ In London
loOj
pref
Ido
100j
212
100
217
I
93
|| Coupoii 01'.
,
5
j
$>
20
6
94
11
6
121
140
6
1
7
;
122
140
4!
68
1324T314
109
112
11
40
t-5
90
7Sj4 79^8
11. 4 116
1124 113
142 4 14 4
1206} 122
144 154
100
38
41 4}
40
43 7a
10o4 108 4
44
46
70
106
106
100
100
100
81
60
20
100
[Delaware Lack. A Western
501 1-34
2ti
10<i
574
pref. 100
do
----
168
160
129
-
264
384}
1»>
12
10
94
^
30
55
109 4
50
1.9
100
IO
35
50
400
Pref
Price
2i4
2o4
$ a8
......
1*0*6 ”
93
1-5
lc9
10
123
169 4
15
.
...
.8 5
90
94
23
9; 4
29
99
••
'JO
14
j I Fort Worm a Denver C
J Galv. Harrisb. A San Antonio
loo
j Georgia Pacific
[Georgia Railroad A Bank’g Co. loo
Grand Rapids A Indiana
Green Bay Winona A St. Paul.. JO->
Pref
100
Houston A Texas Central
do
1st pr-f
2d x»ref
c
In Frank fort,
2 4
14
4b 4
463Q
l-i
13
95
5
9
97
1 4
8
a
‘
12
10
24
25
loo
do
do
Pref... 5u $ 60
Illinois Central
4
106! 1.8
1.84
9 4
do
Leased line, 4 p. c. luo
Indiana Bloom, at Wesr.,ass. pd loo
154
7 0
Jeil’v. Mad. A Lml’p’s, leased.. 100
4
Kauawha A Uiiio
do
114
5(> $ 40
00
Pref., 7..5o
d<)
lu4
56
> 12
•20 J
Albany
20
100
do
1
_
198
ooston <x
3 14
;Delaware A Bound Brook
do
56
50
714
1 6^
do
do
101-vj 1014
»04 Florida P.’y A Nav. Co
85
104
104 I
do
pref
5o
21
34
72 3
45
50
35
1
774
Evansville A Terre Haute
1
111 4 112
Baltimore A Oiiio
do
1st pref., 6
do
2d, nref
Park ersb u rg Branch
IL ei h Creek
ilo
pref
Bell’s Gap
Bc-lle\ille A. So. Ill., pref
204'
3s
I
Fitchburg. Pref
'I Flint A Pere Marquette
132
132
120
IU5
6
Augusta A Savannah,leased... 100
.106
106
100
106
Pref
*
’
10u
lOoj
Indiauap. St. Louis A Chic.ioo)
|Elmira A Williamsport, 5
4
.
3
loo
50
5o
1 J
44
2
*4
4
def...
Albany A Susqueh., Guar., 7...10t>
Allegheny Valley
m
5(’
Atchison Topeka A Santa Fe..lO<<
12
20
6
.
50
;4
u
4 6
9
119
loo!
Duluth So. Sh. A Atl
do
rref
East Tenn. Va. A Ga. Ky
10u
do
do
1 -9 pref.. 160
2d pref.. .100
do
do
East Pennsylvania
50
East A West, Alabama
Eastern (Mass.)
100
Pref
do
Eastern in N. H
loo
Elizabeth Lex. A Big Sandy
loo
lc 6
L20
120
93
no
com
12
5u4
100!
Dubuque A Sioux City
120
121
1O6
108
105 4 107
8outh.—Lim., A., 6s,pref..
Lint., B,
-
1014 102
•
-
55 4
524
50n
Dos Moines A Fort Dodge
do
do
Pref..
Dct. Lansing A Northern, com .lOo
do
do
Pref. 100
too
106
110
92
49
16
60 $
56 6
10u|
1st prof..
2d pref
do
No.Carolina—lst,7s,189o.MAN
Wilm.Columbia A Augusta, Os
vVil.A Weldon—S. F., 7s, g., ’96.JAJ
Wisconsin Cent.—1st ser., 5s, 1909
2d series, 7s, 1909, if earned
Wis. Valley—1st, 7s, 1909
JAJ
vVorc’r A Nashua—5s, ’93-’95.. Var.
Nash. A Roch.. guar.. 5s.’94.A AO
KA1LUOAU STOCKS. Par
100j
(Central Ohio
j
do
Pref
j Central Pacific
(Denv. A Rio Gr
.
101
*0
40
Danbury A Norwalk
50
Dayton A Michigan, guar., 34-.90
do
Pref., guar., 8.f>o
-M
...
......
ou.ii al.
1
112
Consol. 6s, lull
JAJ
V’est’uPenn.—IstM., 6s, ’93..AAC
Pitts. Br., 1st M„ Os, ’96
JAJ
Wheeling A L. Erie— 1st,5s,. ..19.6
j Wiehita A Western—1st, 6s
JA.J
10
.6
j
.
1
1
19 4
50
50
53
do
Pref., 6.50
Cincinnati A Springfield.
i
4
Cin. Washington A Balt
UK)
6
do
pref.. 100
394
Cleveland Akron A Col
10039
50
52
Clev. Col. Cin. A Indianapolis.. 166
7
8
Cleveland A Canton
25
24
Pref..
do
do
Clev. A Pittsburgh, guar., 7
56 132 4 Id 2 8*
57
Cieur d’Alene..
168
Columbus A Xenia, guar., 8
56 x
loo
Col. Hock. Val. A Tol
-64 2L14
25
Columbia A Greenville,pref
100
130
135
(Concord
50
144
Concord A Portsmouth,guar.,7 DJo 1 i.0
Connecticut A Passumpsic
UK* lOik* i05
lbO
Connecticut River
1 Ou 18 4
90
9<. 4
9
55
554
514
10<>j
Cincinnati N. O. A Tex. Pac
Cin. Sandusky A Cleveland
91
.AAv
50j>
501$
100|
pref... 10*1
iCentral of New Jersey
loo
Cin.
7
35 4
lOej
do
do
5*i-4
52 4
16 0 4
00
West Chester—Cob. 7s, 1891..AA •
At. 1st M.,6b1910Ma>
- 1st. 6s, 1896
J AJ
mort., 7s, 1899
A A*
Consol, mort., 6s, 1909
A Ac
West Shore guar. Is
JA.J
California Pacific
California Southern..
Camden A Atlantic
do
ITef
Canada Southern
Canadian Pacilic
Catawiesa
do
1st pref
2d pref
do
Cedar Frflls A Minnesota
Central of Georgia
Central Iowa
do
1st mef
do
2d pref
■Central Massachusetts
Chicago & West Michigan
Cin. Hamilton A Dayton
100
165
40
100;
[Buffalo Rochester A Pittsb
Burlington C. Rapids A North. .106
.
1114
9u4
162
§94
50:
Chic. St. Louis A Pitts
do
pref
Chic. St. P. Minn. A Om.,coin..
do
pref..
80
Cons.mort..7s,1907,con vert. Q--P
1st. St. J,. div., Vs, 1889.....FA A
Gt. West., Ill;, 1st, 7s, ’88
FAA
do
2d, 7s,’93....MAN
MAN
Q’nev A Tol., 1st, 7s,’90
Ill.A S.Ia.,lst, 6s, 1912
FAA
St.L.K.C. A N. (r.est.A R.),7s.MAm
W’n
2d, 71--, If99
MAN liO
90
95
Soioto VaL—1st, 7s, sink’g id..JAJ!
75
2d mort., 7s, sink’g fd
70
A AO
Consol. 7s, 1910
65
'
JAJ II
J
1
61it.ni. Sun A Lc w.— 1 A, 7 s,T 2M AM
83
eiiam.V A Poits.—7s, < ou. 1901 JAJ!
Shenandoun VaL 1st. 7s, 1909. JAJ j
General mort., Os, 1921
364
A AO
60
Ski-eve. A Iloilo.— 1st, 6s, gm, 1914
Sioux C. A Pac., 1st M., Gs,’9S.JAJ! 105
107
j
Sodus Ba3 A So.—1st,.: s,g.,1924J AJ
6 y. CaroLna— 1st M.,0s,1920.. A AO
9*9
2d mort., Os, 1931,
19
1
JAJ
!
Income Os, 1931
124
Bo. Cen. (N.Y.)—Consol, mort., 5s..
47 4
554
Bou'li. Ka. sas- 1st, 5s
968 :
MASl 96
82
luci.me, 6s
8 3
I
8 j.Pac,Cal.—1st,Gs,g.,1905-12 AAOi 111
113
Pac.,Aiiz.—1st,os,1909-10.JAJ!
904
Vest’ll‘Ala.—1st M., 8s, ’88...AAC
2d mort., 8s, guar., ’90
A AC
West-Maryl’d— 3d en.,6s. 1900.JA.I
1 184
112
121
ioi*
100
do Oiu.Div.,lst7s,1919.AA(
do Clar. Br., 6s, 1919.. FAA
do No. Mo., 1st, 1895...J A.
do St. Clia’s Bridge 6s, 1901
Wab. Fund. 1907—Var. 7s. FAA
do
Various 6s
FA/
1 W.St. L. A P.— Iowa 1). 6s, Tr. rec
1
lil 4
ii-i
6*8"
111 ^<5 i vv.
Jersey A
109 4 i- .West
Jersey
Cl8
1st
......
110
108
'
.
..
.
j
|
96
-
116
115
A^k.
Pref... 50^
do
Chicago Burlington A Quincy.. 100
Chicago A East Illinois
Chicago A Grand Trunk
Chicago A Ind. Coal Railway
do
do
pref
Chicago Milwaukee A St. Paul.UK?
do
pref., 7.loo
Chicago A North Western
109
do
Pref., 7.. 106
Chicago Rock Island A Pac
100
95
51
113
JAD
do
[Chicago & Alton
Wabash St. Louis A Pacific—
Div. bonds, 1894
f
Bellev. A 8.111.,! st ,8.F.8s,’96.A A ( ! 110
x08 4
Bellev.A Car., 1st 6s. 1923.. JAD
98
97 4
Br. L. Ark. A Tex. ! st Gs,li»3G.MAN
J
41
2d mort.. Os, 1936
FA A
[Buff. N. Y. A Erie, leased
j Buffalo N. Y. A Phila.,ass.pd
Bid.
35
10
30
10o;
100|
100|
Pref
1*04 4 .Chicago Burlington A North.. lOu
LlO
49
9
1st, ext., 7s, ’90,
FAA
Mort., 7s, 1879-1909
AAO
2d mort., 7s. ext. 1893, ex..MAN
Equipment 7s, 1883
MAN
do
(Chicago A Atlantic Beneficiary
90
Incomes, cumuh, 6s, 1927...JAJ
Gen. 5s, guar., 1936
MAN
Brooklyn A Moutauk
Cheshire, pref
93
ios'
|
Boston Revere Beach A Lynn..l00i
[Brooklyn Elevated., new
do
do
.
lo6
1 2
164
81.L.Ait.AT.H.—1st M.. 7s, ’94.JAJ
2d mort., pref.. 7s, 1894
FA A
2d income, 7s, 1894
MAN
90
loo
V -r. A Mass.—Guar. 5s, 1903 MAN
Vicksb. A Mer.—New 1st luort
j 2d mort
3d mort., income
Vicksb. Sh. A Pac. -Prior lien, Os.
;
Va.Midland— 1st ser.,Os,1900.MAS
2d series, 6s, 1911
MAS
3d series, 5-6s, 1916
MA8
4th series, 3-4-5s, 1921
MAS
5tli series, 5s, 1926
MAS
..
j
*92*'
Valley of Ohio—Con. 6s, 1921.MAS
.
ioT*
St Jo. AGr. Isl’d— lst,guar.6s,l&25.
2d mort.. incomes, 5s, 1925
Sanduskj Mansf.A N.—1st, 7s,1902
Railroad Stocks.
100
(Charlotte Col. A Aug
lot*
(Chesapeake A Ohio, common ..100
!
974
..
95
Rome A Dee.—1st., Os, 1920...JAP
KoineWat’uAO.—S.F.,7s,1891 .JAJ
2d mort., 7s, 1892
JAJ
Consol., 1st ox. 5s, 1922
A AO
Rutland—1st M., Os, 1902....MAN
Equipment, 2d mort.,5s
FA^
268
514
101
1st M., Os, 1896
JAP
Denv. Div., 6s
MAN
1st cons. M.,68,1919 MAN
Oregon Slmrt-L., 6s, 1922
FAA
Utah Cem—1st M„ 6s, g.,1890.JAJ
Utah So., gen., 7s, 1909
JAJ
do ext, 1st,7s, 1909JAJ
Utica ABl’k R.—Mort., 7s, ’91.JAJ
60
do
income. 1921
Rome A Carrollt.—1st, (is g.,1910
..
|
j
Ren.AS’toga—1st 7s,1921 cou.MAN
1
95
108
97
Sabine Div., 1st, 6s, 1912...MAS
10;3S|
Pittsb.Bradf. A E.—1st, Os, certs...
Pittsb.C.A St.L.—1 st, 7s, 1000.FA A
Pi ice
Ask.
Tex. & Pac — 1 st M..6s,g.,1905. M AS
TOO
Cons. M.,68, g. 1905.tr.rcc. JAD.
i63* U*5*
Inc. and land gr., reg., 1915. July
47*2!..
1105
107
63
RioGr. Div., Os, 1930, Trust rec.
633s
107
1105
56
Gen M. A ter. 6s,1905.tr.ree. AAO.
N.O. Pac., 1st, 6s,gold, 1920-JA J 11 73 4
91
rol.A.Ar.AN.M.—lst,6s,l924.MAN
86
1
Tol. A. A. a Gr.T., 1 st,0s, 1921. J A J KU
Tol. A Ohio Cent.—1st, 5s, gu.193
947g 95
Tol. Peoria A W.-r-lst ,7s. 1917, t r. ree.
100
116 4 1*1*8** Tol. St. L. AK .C., 1st,Os, 1910... J A I)
9*6"
130 )i United Co sN.J.—Cons.,0s,’94.AAO
;i28
ii 0
do
gen. 4s, 1923
FAA U3**
i Sterling
13:4
MAS; U03 1110
mort., Os, 1894
132
122
do
6s, 1901
MAS {117
Cam. A Amb.,mort., 6s. ’89.MAN 1064 107
11.14T14
Union Pacilic—1st, 6s, g.,1890.JAJ
116
i 68
i
1st, 0*. 1897
JAJ 1 147s
165
1
1st, Os, 1 s98
JAJ 1164 1164
40
j
116
.JAJ
let, Os, 1899
14 5
i
Land Grant, 7s, 1887-9
AAO 104
58
08 bi1
10934
Sink. F., 8s, 1893
MAt
128
Oir. Bridge, sterl. 8s,g.,’96.AAO .T24
D'4~
162
Col lateral trust. Os, 1908
JAJ
110
Collateral trust, 5s, 1907
JAD
> 9
i 112
Kaus. Pac., 1st, Os, 1895....FAN
Trust certs., 4s, 1921
1st mort., 7s, 1911
BONDS—Continued.
First Payee of Quotations.
of
Railroad Stocks
224]
18
69
r
So.
433
!
Fliila. A: Reading—(Continued.)—
Deferred income
General mort., Os. 1915
Debenture, Os. 3 927
Con. gold, 7 s, 19 30
QUOTATION’S Ob’ STO'JICS AND
explanations see Notes at Head
For
R
CHRONICLE.
-...
32
;
.
i
-Wv.
...
.v^
16
11
la Amsteulam.
'
THE CHRONICLE
434
Bid. ! Ask.
Railroad Stocks.
CONTINUED.
100
130
Kan.C.Sp’d* M^m* liis
Kan.C.Cl’u 5 Sp’d.l* 0
Keokuk 5 Don M..100
do
pref.. 100
09
Keokuk 5 West
30
Kingston 5 Pembroke.
33
Pref
do
50
Lehigh Valley
Teab’d*
Southern Pac. Co..100
40
1 8
947*
95
10
44^8
\ 55:,b
;
Tol. 5c Ohio Central...
do
Pref.
Tol. St. L. & K. City...
do
pref
U. N.J. RR AC. Co. 100
Union Pacific.i.. .100
....
50
91
15
2G
10
25
91
La. 5 Mo. River, .loo
do
Pref
100
Lou. Evans. & St. L.lOn
do.
Pref. 100
Louisv. 5 Nashv..l00
Louisv.N.A.ACliic.lOOj
Maine Central....100
Man. 5 Law'ce
100
Manhattan,
eon...
100,
Marq. H. 5 Out.. TOO;
Pref.. 100
do
Memph.5 Chari
25
Mexican Central
1OC»
Mexican Nat., Tr. r»e.
Mex. Nat. Constr. Co.
..
Michigan Cent
luo
Midland of New Jersey!
Mil. Lake S. 5c W..10oi
do
pref. IOC
Mil. 5c Northern
1
Mine Hill 5t S. H....50'§
Minneap. 5c 8t. L..100|
do
Pref... 100
Misso’i Kan.5c Tex. 10< I
Missouri Paeilio.. .100
Mobile Sc Ohio
100,
0
i
8
40
125
\ Adams
do
{
j
»88
2G
81
104 8 106 8
82«g
57 8-11
12
25_ j
25
93
11
Morgan's La.Sc Tex.lGO' 120
Morris 5cE’x, gu.,7.5u|
93
14
Coup. 7s.
j
130
Postal Telegraph..
Bonds, 1st Gs
848
I
Postal T. 5 Cable
*•;
"
**!
b’dsj
**; Soutii’u 5 Atlantic.25;
100
j Western Union
**jj 7s, I9o0, M. 5 N
j
1185s
So. Tel., 1st mort.
I 8i
I
!
24*"
28
*72 *
80
74 5g
747&
1 1 7
Pa.D.cp.,7a,M5S 135
Lehigh Nav.- 48 s, T4; 110
758
TELEPHONE
768
Nashv.Chat.5- St. L.25
ii58
RR. Gs, reg.,’97,Q-Fi
STOCKS.
2» 0
Nashua. 5 Lowell.. 10t.| 195
Con v 6s,g. rg.’94 M 58 107 8
>4
il2^
'American
Boil
100; ,n
N’squehon ing Vall’y50, *
6s,g.,cp.5rg..’97J5P!
100
Amer. Speaking...100
New Jersey 5 N. Y... j
Cous.M.,1911 7sj5Dj
129 1 Erie
33
1st
Pref.
N. Jersey Southern
N. News 5cMiss. Val.Co
N.Y.Cent.5- JLRiv.lOo
N.Y.Ch.5 St.L. ass. Io0
do Pref., assent. 100
N. Y. City Sc Northern.
N. Y. Sc Harlem
50
N.Y. Lack. 5c West... 100
N.Y.L.Erie5c West. 100
do
Pref. 100
N.Y. 5cN.Englami.l00
Pref. 100
do
N.Y N H.5c Hartf.ICO
N.Y. Out. 5c West.. 100
N. Y. Penn. 5c Ohio
do
Pref.
°8
Penn.—Gs, coup., 1910
•8
Schuylkill Nav.—
1st M., Gs, 1897.Q-M
2d M., Gs, 1907.. J5cJ
Mort. Gs, cp.,’95 J5J
Gs,imp.,cp.,’80 M5N
6s,bt5car, 1913M 5N
7s,ht5ear, 1915M 5N
8usq.—Gs,cp.,1918J5J
7s, coup., 1902..J5J
LouVioiuq
1 7 8 i 17-8
31
3
j 3l:Js
7
1
ios
2
1103
U8
!
29%
O081
39 ‘4
t>(>
Del. 5 Hudson
100
Del. Div. leased,8..50
Lehigh Navigation..50
Morris, guar., 4
100
’
...
N.Y. 8usq. 5c Western.
do
Pref.
N.Y. West Shore5c B.
Norf.5c West,, com. 100
do
pref.loO
No. Pennsylvania..50
Northern Central...5u
North’ll N. Hamp. 100
Nortli’n Pac.,com. 100
29
'
14**
1*5
'
42
42i0
74
to
87
142
24
45
Ogd. 5c L. Champ.It>0
12
Oregon Short Line
Oswego 5c Syr., guar..
Pennsylvania RK .50
Pensacola* Atlantic..
Peoria Dec. 5c Ev.TOO
j
25:?4
180
12
175
178;
;
82
12
176
jiOreg.R.5 N.lst.Gs,J5J
!j Debenture 7s, 1888.
,j
178 jj
21T4
Pullm’n Palace Car—
3d series, 8s,’87F5A1
‘!
»5o8f
5
|
218
218'!
L. Bridge 5 Tun—
1st. 7e, g, 1929.A50
288 i
Teim.C.5L,con.Gs
South Pitts. 1st, Gs..
8
do
Pref. ...50 §
Phila. Wilm.5 Balt.50 }
ft
Pitts. Cin. 5 St. L..50 v
Pitts. 5 Con., l'sed.50
Pltts.Ft.W.5 C.,guar.7| 150
Port.Saco 5Ports,lsd G; 130
2
Port Royal 5 Augusta85
Ports.Gt.P'.5 Con. 10c
STOCKS, N.Y.
4th do
8s,'92F5Ai
1917!
Mercantile
i Metropolitan
I N. Y. Guar. 5
132
j
i \ East Boston
134
U32
75
7
29
73*
48
..
*„Price uomjnal; no
7
8
38
15
3o
70
13 8
338
67
109
*
39
4
V! Metropolitan, B’klyu.
6[Nassau, Brooklyn ..25
' People’s,
14
Brooklyn. 10
! Williamsb’g, B’klyn 50
lo
OL.1
!
28
28! Charlest’n,S.C.,Gas.25
Uoo ! !Chicago G.5 Coke. 100
95
25c I
._
25
Citizens’, Brooklyn.20
-
110
50c.
50e.
L-
Oregon Improvement.;
Oregon Ry.5N.Co.100i
Pacific Mail SS.Co.100!
Philadel. Co. Nat. Gas.|
35
!
86
383g
97 8'!
49
St.Louis B’dge,1st pref jj;i04
trausacuons.
40
42
226
120
108
191
113
1138; 114
160
145
;
161
147
2218 223
1188,119
108
112
100
50
,
Equitable. N. Y
71
HO
100[
Bieachory.2001
i
Lyman M. (Mass.). 100!
no
1 Manchester (N.H.) 100
1000!
i Mass. Cotton
j: Mechanics’ (F. R.) 100;
j 60
! Merchants’ (F. R.) 100'
\
|
72
1)5
Merrimaok(xWass)lOOO:
Metaoomet (F.R.) .100
94
tfidillesex (Mass.). 10.0
618!
618
Narragaus’tt(F.R,)100
! Portland, Me., G. L.50
8t. Louis Gas fr...lOO
65
67
118
ofu.;
Wnli't-nn t'itv O,
t Paronaseralso pays a^oru. diuterest.
I, 70
j In London.
•
-
(Mass.)7001
.1001
90
:Laclede, St. Louis. 100
j I United Gas Imp., Phil.
1315
Boston Co. (M ass.) 1000; 1150
Boston Belting.... 10o■ 155
909
Bost. Duck
90
Chace (Fall Riv.)
Chicopee (Mass.)... 100 115
Cocheco (N.H.)
.500! 495
7
CollinsCo. (Conn.).. 10;
50
Continental. .Me.). 100
Mutual of N. Y....100
N. Orleans G. L. ..100
!
700
;
775
Nashua (N. H.)
70
8; 70
'
375g’ 3wl0
70 0
100
80
136
1325
1278
1175
156
925
92
1158
500
78
50 8
70
GO
GO
7 GO
....
828
195
84
2 25
1020
100
fving Philip (F. R.)
Laconia (Me)
400! 465
Lancaster M.(N.H)400 GOO
75
L’rel Lake Mills (F. R.)
Lawrence (Mass.) 1000] 1590
Lowell (Mass)
690 745
145
Lowell
825
j
i
GOc.
22
2
518
...
Jackson (N. HQ..1000
116
......
38
75c.
99
|
Tartf. Carpet (Ct.)lOO
dill (Me)
100
dol>oke W.Power. 100
i 61
160
70
109
118
77
(Mass.!... 100' 75
F. R. Machine Co.. 1001
i'F. R. Merino Co... 100|
90
87 8
Flint Mills (F. R.)TOO
988
Franklin (Me.)
loo; 98
1128
HP be Y.Mills(F.R.) 100
245
Granite (F.R.)
1000! 230
88
87 8
Great Falls (N. H.-)100(
780
Hamilton (Mass.) 1000 770
80
16
210
20
5 Lveretl
j 55
75
100
59
112
27c.
j
J;Dougl’s Axe (Mass) 100•
|:Dwight (Mass.). . 500
108 8
145
lit
T03
142
10
5
200
50c.
93
ICres’t Mills (F. R.) loo;
598 !Crystal Spr. B1.(F.R.,L
10( 0
Davol Mills (F. R.) 100;
58
990
60c.
50
—
'
33
36
People’s, Jersey C
878' Louisville G. L
3958 jCentral of N. Y
50
998 [Consolidated, N.Y. 100
119
| 50
106
j 52
j 109
j 75
1L5
2d pref. certificates.
130
138
36
St. Louis Tunnel RR.. 105
70
688 8t. Louis Transfer Co.
1
115
Union St’k Yds.5Tr.Co
0 1 a*'
West Rn t !, (•<■» (It -at.9
....
j
.
...i
18
8
2 ’!_
25 1
[Cincinnati G. 5 Coke 'xl818 l828 Lowell Mach.Shop.500i
|
Puiim’n Palace Car 100; 1478
36
80
100
Brooklyn, L. 1
434;
68;
52 8
53
95
100
82
8sJ | Lowell
8 j Lynn, Mass.,G. L..100
78 j Maid. 5 Melrose... 100
Newton 5 Wat’n ..100
8
4^ j Salem, Mass
100
7
/
:
80
!
[
100;
| Dorchester,Mass..100
j Jamaica PI’n,Muss 100
I j Lawrence, Mass... 100
210
iCanton
560
j
1*0*5
ijAspinwall Laud....10
1
224
South Boston
100 115
Brookline, Mass... 100 106
Cambridge, Mass..100; 190
Chelsea, Mass.....100' 112
Roxhury
29
!
251
...251
-1 Boott Cot. (Mass.) 1000
•
Border City M fg. (F. R.)'
!
i Boston Gaslight.. .500
25;
---.
Prov. 5 Worcester.IOO!
;
!!c«v. 5 Cin. Bridge, pf:
161
East Boston Land.
Bens. 5 Saratoga.. 100 161
28 Frenchman’s Bay Ld.
Rich. 5 Alleg., rec
j
28
100
Rich. F. & P.,com. 100,*120 j
j;Joliet Steel Co
do
Guar. 7.10oi,'To2
Keeley Motor
do
do
G.
.,*128 !
| Maverick Land.... 10
Richmond 5 P’b’g.lOU *709
112
N.E.Mtg.Secur.tBost.,
248
Rich. 5 West Poiut
245g N. Hampshire Land 25 j
95
GAS STOCKS.
25
25
Barnard
RKS.
j Balt. Consol. Gas
....
j
Pref
j|
50c.
40c.
2 L
Baruaby (Fall Riv.)... j 99
Mlg. (F. R.)..
Bates (Me.)
100 1358
200
109
100
......
25
Osceola
Pewit hi c
’45
-09
1 '75
114
Aumry (N. H.)
1001 113
2379
Amoskeag (N.H.) 1000! 2350
[ A mlroseog' 11 (M c.). 100; now'll?
7u0
Appleton (Mass.). 1000 690
Atlantic (Mass.)... 100' 1128 1T3
y38 (Sec Local Securities in j
C111; (> M 01.E I'llrft
j
5
exec i)l first of month.)'
93
10*]
40
do
HORSE
107:8
STOCKS.
Amer.Cotton Oil trusts
10
I Boston Land
!] Boston WaterPower..
Brookline (Mass.)L’d5
....100
Iud..l00l
25c.
....25
ram.tr.iek
MAN U FACT’ING
STOCKS.
'Am. Linen (Fall Riv.)
120
270
145
115
550
425
540
50e.
9
3
198
10
Ridge
5U
1 HO
1 -50
25
Brunsw’k Antimony.5
[ National
•
285
25
Quincy
150 i‘59"
..100
1008:' United States
100
N.Y. Sc BR’KLYn!
100
101
0
97
170
100
j!N. Y. Life 5 Trust. 100
ioo" I Union.
100
.UISC’LL A NEOUS
150
455
42 3
Long Island
G1
10
260
5oj
Atlantic
Huron
Minnesota
-IS
-03
1
3-40
•06 i
25 15
j Copper Falls........ 50 'll”
Franklin
25
84
25
Knickerbocker
Deb’nt’re,7s,’88A50|
Bir. Div. 1st,Gs,
7 Oc.
Central
100
Farmers’ Ia>an 5 Tr.25
Brooklyn Trust
Co. (Balt.). 100
Richmond York R.5C.
Rome 5 Decatur
Rome W. 5 Ogd... 100
Rutland
100
do Pref., 7.. 100
8t. Joseph 5 G’d Isl’d.
8t.LouisAlt.5T.HT00
do
Pref.100
Bt. L. Ark.5 Texas
8t. Louis 5 Sun Fr.100
do
Pref.... 100
1st pref.100
do
Bt. T. Vo„ * r jj
;
47
80
200
!'St.
I
G07s'
TRUST CO.’S
!..
Coil. 5s 2 925 J.5D..
55:8 i
tooj
1 988. i
'
t
120
98
§
2482 Col.Coal* Iron—1st,Gs
175
15
50c
130
85
35
United States.
;United States Ill. Co.,
BONDS.
Un. RR.,lst, end.,6s.
41
i
10
5ui
[Central.
40
1
1-
100
iCatalpa Silver
338
j
17
•02 i
•40 ;
100 i
Calumet iV IIecia...25
.....
loo!
!Edison Illuminating..
JIISC’LLANEOCS
Oanton(Balt.)Gs,g.,’01
223
i
Brush Illuminat’g 100'
Edison
:
•47
•27
1-20
6 37
1!
Red
Elepuant
Robinson Consol..
•13
•40
STOCKS.?
ELECTRIC
Brush, Balt
loo;
\llouez
;
...
•80
•75
3T0
•09
3'30
Union Consol
100
BOSTON MIN ING
LIGHT STOCKS.
50
j
i
10
! Tropical
408
do pref.50
do
5s, 5 years
M5S
Heml’n BridgeGs,1931
26^'!Or. Imp., 1st, Gs. 1910
Phila. 5 Erie
50 5
j
Phil. Germ. 5 Nor..5o M 13 8
Phila.5Read ass.pd.50
Schuylkill Nav
5o8jjCov.5Cin.Bge. 5s,3-5y
218
Oregon Trans-Con t
Petersburg
I
5083
17 2
100
do
Pref.100
Ohio Southern
100
Old Colony
100
dt> pf., guar. 10..100
Pennsylvania
50
2
do
Pref.100
Norw.& Worcestei. lot.
Ohio Sc Miss
*9*'|
England..
Potosi
Silver ClitL
75 c. 103
Mexican
New
Chesapeake 5 Del..50
Tg7h
8%
218
80
i *2
CANAL STOCKS.
398
105 '
103
/
101
j Standard
....
do
Ophir
t..
T9
T4
100
-iice
'.Sierra Nevada
*
*•
100
| Rappahanoek
8
j
***•60
•03
...
1G5
S4
100
..
..
Iron Silver
2()i
t-Hcrossc
10 j
L-eadville Consol
10,
Little Chief
50;
Little Pitts
I
Mexican G. 5Silv.l00,
Navajo
100)
|iu*i*
1-05
100
3*30
•72
!
-
100
100
325
3*3"
96
1G0
4-00
•20
IO.j
100
iGreen Mountain
10
Hale 5 Norcross. .100
i Horn Silver
[ndepci'b
1-70
......
100
|Gould 5 Curry 8.. 100
110
100
-
35
1894.A501
5,6
100
Franklin
CANAL BONDS. !
C’les.ttDel.- 1st, Gs,’8G!
Cues. 50.—Gs, ’70.Q.-J!
Del. 5c II.—7s, ’91..15.1, 107 8
108
1st ext., 1891..M5N
8
49
......
153i
jGold Stripe
'
Gold 5 Stock
luO
j
Bonds
| Mexican
100
N. Y. Mutual Un. Tel..
ji Mutual Union Gs
I'N’west., 78. 1904. J5J
115
i
05
1 w
do
Pref.
Vorc’ter5Nasluia. 100j
24*'
Consol. Pacific
Crown Point
Dunkin
Eureka Consol
Father De Smet
;
11Baltimore 5 Ohio
! Cent. 5 So. Am. Cable'
Commercial Tel. Co.pf.
50
Visconsiu Central
8
72
‘55
1-65
•90
1*50
100
jChollar
150
109
i 73
130
GS
.....
Consol. California. 100
Chrysolite
50
!
321a Bank’s 5 Merch’ts.100
.....i' General mort. cert..
Vii. Columbia5c Aug..
Vilin. Sc Weldon, 7.100
;
AND
j [Atlantic 5 Pacific st’k
iq
100
Caledonia B. H
j Goods haw
BONDS.
'American Tel. 5 Cable
42
j Buhver
TEL’PH STOCKS
tto
pref...
10
100
28
2fD4
G7
125
Veils, Fargo 5c Co. 100
•*----j j
Virginia Midland.
;
100
100
10J
j!United States
11( 08 i Vabash Pur. com.cert
do
Pref. 100
| 19
85
i W’arr’n (N.J.),l’s’d, 7.50
52
Vest Jersey
j 52
50 Q
Vest Jeratty 5c A11 antic $
13-V 15
9
8
I
Western Maryland
I
30
Wheeling Sc L Erie 100!
100
140
5d'4i, American
I Bodie
49
.TOO
100
' Bechtel
6
22
26
•65
•55
j Belle Isle
27
275
*5 i4
,j EXPRESS ST’CKS
...
130
*
11 Wyoming Val.Coal. 100
100
Utah Central
I
12
12
*26 “
.
10
Barcelona
Bassick.
10
10
Tenn.Coal5TronCol00
! Utica & Black Riv.loO
61% :Vt.5c Mass.,l’sed.G. 100
40
Vicksb. 5c Meridian
20
6
ass.
IIAinie
14
j
2 4% Pennsylvania Coal.50
24
i Quicksilver Min’g.100
11
27
do
pref. 100
pdlOO
Tol. Ann Arbor Sc N.M
Tex & Pac.
12
;Mar} land Coal
100
VlNcw Central Coal .100
N. Y. 5 Perry
100
85 j Ontario Sil. Min’g.100
j hit omit Branch, Pa. 50 j
(N. Y. 5c SAN. FRAN.)
!: Alice
."
I Alta Montana
100
35
268 29
8
108 jSuulmry Sc Lewist..5047
45^4 Terre H. A Lud’nap.50
Lit.Koek <Sr Ft.Siu.100
16714
Little Miami
50 *
50 $ 56 V
Little Sclm’k’l
Long Island
12S
7
|i TUNING STOCKS?
42
34
Consol.Coal of Md. 100;
IHoinestake Min’g.100
i:Marshall Cons. Coal..
9
iS’west.,Ga., g’d,7.100i
■iyr. Bing. 5 N. Y.lOOj
1! GOLD Sc SILVER
|
j Col. 5 Hock. 100.05 I.
;
100
Bid. : Ask.
Miscellaneous.
MINING!
Sc
Colorado Coal & 1.100!
1G
RoanokelOO;
South Carolina
j
COAL
1I
STOCKS, N.Y. j
|Cameron Iron&CoaloOj
1103
1105
Scioto Valley
:
70
40
30
Lake Erie itW — loo
Pref.
do.
L. Sh. & Mi eh. So.. 100
I
G8
132
678
103
105
Bid. iAsk.
Miscellaneous.
638' 678
it. Paul 5 Duluth. 100
do
Pref. 100
At. P.Minn. 5 Man. 100
Kit. STOC KS.
Kan.C.Ft.ScotutG.lOo
Pa<ge of Quotation*.
Explanation* See Note* at Head or Fir*t
For
BONDS—Continued.
OF STOCKS AMD
QUOTATION'S
GSInER.VL,
fVOL. XLY,
500
j Naumkeag (Mass.) 10)
1
N. E. Glass (Mass.)37 5
Newmarket
500
(Miss*.!. .1090
§ Quotation per share.
1030
105
470
610
SO
1600
750
148
850
708 71
1548 156
1010 11015
i 87
no
105
1220 ! 1230
1828 184
10
107
90
317
1670
a
'
’83
515
1078
95
320
IfiaO
BonlTKF.K.) 100
--
'jMerchants’ Nat.. .100
l .00
Mills(N.H.)looOj
Market
Union
142
IP
Western
Boston.
Atlantic
Atlas
1
37"
12 hi
lOu!
13
! 38
13
1132
20
j City
’onnectieut River
Far. A Mecli. Nat.
First Nat
Hartford Nat
Mercantile Nat
•
ioO
!iio”
•i
S4
1
32
13414 135
loo
102
Bunker Hill
100
100
IS7
125
107
130
127 *2
:
i
100
130
I
lo7*s!
131
113 4
V, 100
130
113
127
111
102
102*2
95
96
122*2 124
116*2 L17
State Nat
Union Nat
Metropolitan
Broadway
Monument
lOoj
117*4118
Mt. Vernon
New England
100 152
North
100! 135
North America.... 100', 106
Old Boston
50
59
People’s
Redemption
Republic
j
100 j 2z0
225
100
137*2 138
loo
100
60
102*2
127*2 128
162
.loo
14o
Revere
Rockland
Second Nat
jUl
100
127
i 128
Security
loo
Bhawnmt
100
Shoe & Lent her.... 100
State
100
Suffolk
100
Third Nat
100
Traders’
100
Tremont
100
Union
100
Washington
Webster
100
100
Brooklyn.
Brooklyn
100
First National.
Fulton
City National
Commercial
Long Island
50
310
150
118
128
210
210
Chicago Nat
100
100
Excli’gelOO
25
Butchers’Ac I)rovcrs25
Central National.. 100
...100
25
..100
100
Chatham
(Chemical
City
Citizens
Commerce
Continental
25
100
.100
(Coni Exchange ...100
East Itfier...
Eleventh Ward
First National
129
1)8
Portland} Me.
Canal Nat
140
145
138
257
139
50
Leather Man lifts.. 100
123
155
1
ftft
50
100
-.25
Market
Mechanics’
I Mechanics’ & Tr.. .25
(Mercantile
225
‘220
...50
(Merchants’ Exch’e 50
(Metropolitan
100
Nassau
50
(Merchants’
New York
N. Y. Nat.
124
112
100
100
Exch’gelOO
(New York County. 100
Ninth National....100
North America
70
....
(North River
30
1
ftfl
i Oriental
pi:
*-Price nominal; no 4<*te
25
100
100
Kiclimoud, Va.
25
City Bank
First Nat
100
Merchants’ Nat...100
Nat. Bk of VirginialOO
Planters’ Nat
100
143
126
120
119
170
111
118
State Bank of Va.100
St. Louis.
B’k of Commerce. .100
100
!Commercial ..l
Continental
100
Franklin
loo
Fourth National ..100 j
International
100
Mechanics’
100
Merchants’ Nat ...100
St. Ismis National.100
Third National
100
San Francisco.
(Bank of California
First Nat. Gold.... 100
i
60
Firemen’s
Germania
Hibernia.
!
iio*
•
•
.
•
•
U'
Merchant s’Mutual 100!
,j Mechanics’ At Tr...l0«
New Orl’s Ins. Ass’11 30
( New Orl’s Ins. Co. 5<
56
108
130
141
(People’s
New
si": 1i American
'<
J
164
j:
135
....
210
212
2400
300
138
Tnsur’ce .18
—i((Firemen’s
'1 Howard Fire
5j
-
j
110
ii!National Fire
1
iYo
......
J
1* Boylston
190
130
150
_.
1
145
195
170
205
164
......
170
100
Dwelling House...100 1
.
24
M.100
Neptune F. At M...100
North American ..100
100
Prescott
Shoe «fe Leather. ..100
70)
National
100
130
185
1 >5
Security
Washington
100
20
Wputprn
j Last price this
25
week.
50
_
..
File Association
; Firemen’s
■
50
102
100: 30 0
!315
50
I
25
100
50
100
40
3o
gs Co. (B’klyn) .20
Knickerbocker... ..30
Lafayette (B’klyn) .50
Liberty
100
|
100
128
Long Isl’d
(B’klyn).50
Manuf. At Builders’100
| Mechanics’ (B’klyu)50
i
114^2
| Merchants’
30
97
Globe
| Jefferson
110
115
100
125
j
_
50
150
110
220
60
110
110
130
50
110
200
85
75
80
90
110
60
50
70
85
Mont auk (B’klyn).. 5of
135
Nassau (B’klyn)....50
i National
37 *2
! N. Y. Equitable
35
j j New York Fire....100
ji Niagara
North River
j Pacific
: Park
1 Peter Cooper
8
28
7*2
....
18*2
18
7
4
,
,
....
GO
5*2
128
127
1404i 1 4 l *1,
97
95
91
12 l
People’s
I Phenix (B’klyn)
Rutgers’
1 Standard
93
]
94
!
!
102
110
150
160
!
100
75
!
120
140
i
I
■
|!
;
!
100*4
102
j
217Q
*150
100
90
160
104
135
20
50
50
25
5o
100
10
(;
(
25
100
25
i
120
25
States
Westchester
123
,
!
190
41 *2
129
5o
Stay vesant
|ii United
103
10!
5
3*2
99
98
92
100
100
ling
i
|
1
l S«l
§ Quotations p if share.
190
120
120
120
110
35
ICO
2 25
260
;
50
j Home
j Howard
165
I
Germania
Greenwich
Guardian
i
:
30
50:
..100;
j German-Amoricau 17}■
150
170
100
80
200
240
90
100
110
100
40
1 Farragut
•
90
126
112
130
113
100
124
wealth.
Hanover
260
Eureka....
20
Farmers’ lus. Co...20
j!1 Fidelity
100
j!
122
124
142
460
32)
160
175
65
220
85
200
131
trauauotious..
20j
|tI;
51
163
152
116
145
230
20
20
Globe
20
Merchants’Az Manuf 20
Miami Valley
50
....
170
100
17}
■
Washington
100
Cincinnati.
Amazoipnew stock) 20
20
(Aurora
Cincinnati
25
20
■Citizens’
Commercial
25
Firemen’s
Germania
i‘28
25
(Commercial
29 *0
135
......1
138
135
103*2 105
j
145
145
146
139
110
18
145
208
50j
130
170
80
150
iVo**:: Clinton
50
162
150
Firemen’s
100 187
41
Manufacturers’. ..100 1
Mass. Mutual
100 118
128
At
Mercantile F.
1000
(Citizens’
*'em moil
10'
ffo*ton.
American F. At M. .100
122
119
Broadway
Brooklyn
125**
Maryland Fire
10;
IMerchants’ Mutual.50
•
,
100
j American Exc.h.-.100j
BoWcry
..25i
1
116
25
100
York.
Alliance
'
Vo"
PIKE
INStJR’CE
STOCKS.
Baltimore.
Associate Firemen’s.5!
Baltimore Fire Ins.10
1
jTeutonia
|
;
j
A
...........
Sun Mutual
106*« Grangers’ Bank
103*2 105*2' Pacific
140*2 113
257
267
Hope
Lafayette
!
•
105
174
70
Home
Casco Nat
First Nat
100j 120
Merchants’ Nat
75; 123
National Traders’. 100 140
.
58*4
1
City.
Cumberland Nat.. :40
109
114
104
171
j
(Manhattan
215
Atlas National
CnmTTii'rfifll Vnt
America
American
131
195
People’s National. 100
Chicago.
Third Nat
100
50
Western Nat
West Philadelphia. 100
1
Irving
160
American Exch. Nat..
1
-
40
100
Tenth Nat. Bank
123
418
*
100
1
88
...
140
315
Manufacturers’
Mechanics’
50
Nassau
100
Charleston.
B’k of Chas.(NBA) 100
First Nat. Chas.. .100
1 Southwark Nat...
123
161
New York.
153*2 151
50|
00
lOOx
100
i
Nat
((Sixth
25
j
25
185
100 1550
(195
120*2 127*2 ; Fourth National... 100 145*2 147
104
30 155
104-2 Fulton..
100 750
Fifth Avenue
119**41120
-.1j
117
(117*2 Gallatin National ..50 210
2u0
100*2 10 L I (Garfield
100
95
I 96
German American. .75 112
}
|
Germania
100 200
102*4 10110
144
i 145
! Green wicli
25
127
128
! Hanover
100 170
103*2 104
(Importers’ Ac Tr...l00 310
100; 150*2 151
1001
50
People’s
152*2 iChase National
136 j
lo6*o
100
Mutual Nat
100
New Orleans Nat.. 100
98
Market
lool
94
Market (Brighton). 100i
143
Massachusetts ....250! 105*2 107
Maverick
100: 222*2 225
Mechanics’ (So.B.)100; 140
142
1001 102
Merchandise
102*2
Merchants’
100
140
140*2
96
93
141
100
100
Nat
Seventh Nat
133
5 0
82
145 *4 150
145
140
118*2 122
100
jj New Orleans.
62*2 Crescent Mutual ..100
.1 factors’and Tr...l00
Republic..100
1 Second
300
117
!( Royal Insurance
Philadelphia Nat.. 100
130
10()j 140
Queen Fire At Life.. .1
3
45
75
107
National Security.100
Penn National
50
j
95
64
117
108
109
102
170
60*
......
Merchants’ Nat
B’k Commerce.50
j Nat.
Nat.B’k Germant’n.50
|ii Nat.B’kN. Liberties 50
160
122
160
87
3.46..ii
Fourth St. Nat’l..-.100
Nat. B’k
25
! Lancashire F. At L..25
! London
Ass.Corp.l2*g
Liv. At Loud. AtGlobe.2
North’n Fire At Life ..5
1
Nortli Brit. At Mer. 8^
96
Manufact’r’rs’ Nat. 100
Mechanics’ Nat....100
101 *2
Union.£5
50
j Imperial Fire
210
93
100
100
100|
100
100
100
50
London, Eng.
j; Commercial
Guardian
1
1*65*
Independence... ...10o
(Girard National
40
Kensington Nat
50
Keystone Nat’l
5C
1
128
127
100
Farmers’AcMech.N.100
First Nat
Hartford, Conn.
/Etna Fire
Connecticut
; Hartford
j National
Orient
Phoenix
h Steam Boiler
1
‘i*5
120
102
(Consolidation Nat..30
(Corn Exchange Nat.50
Eighth Nat
100
110
70
120
93
125
95
250
Western
100
New Orleans.
Canal Ac Banking.. 100
Citizens’
100
Germania Nat
100
Hibernia Nat
100
..
Ask.
\ Insurance Stocks.
j
140
-
100
Columbian
125
Farmers’ A Drov.,100
First Nat
100
German Ins. Co.’s. 100; 125
German
100 137
German National. 100 143
Kentucky Nat
100 137
liOtiisv. Banking Co.40 255
Masonic
100 13 8
Merchants’ Nat. ..100 142
Northern of Ky ...100 124
119
People's Bank
Second Nat
100 118
Security
100 169
127V128
140
140*2
Third National
221 *2 224
|
100
145
of LouirtvillelOO;
i Citizens’ National. 100 128
100
City Nat
Falls City Tobacco 100
Farmers’of Ky ...100
115
111
+
50
Commercial Nat
152*2 Commonwealth Nat50
100
100; 155
100
! iBank
128
137*2 138
12 1 *2 123
105*2 106
133
98
65
105
1
IsO
160
113
112
|
National...
jjWestern
j Philadelphia.§
! B’k ot N. America .100
1 (City National
50
180
i -5
289
loo
B’nk of Commerce
172
100
(Shoe Ac Leather
I St. Nicholas
100
state of N. Y
100
Tradesmen’s.
40
United States Nat.100
48
50;
100;
100
United States
Louisville.
Hide At Leather... 100
Howard
100
Louisiana Nat..
113*2 114
Lincoln
100* lie
L10*2 Metropolitan
Manufacturers’.. .lOOj
89
100|
j bank of KentuekylOO
lOOj 134
100
100
65
j National Exchange.50
.'.100
2 0*2 !Phienix Nat
(State
100*
!
2oj
City
100
Columbian
100
Commerce
10o|
Common wealth ...100!
Continental
100 j
Eigle
100;
Eliot
100;
Everett
lOCi
Exchange
100 j
Faneuil Hall
100
First National
100
First Ward
10o!
Fourth National..100;
Freemans’
10o!
Globe
....100
Bank
J 12b
loo
Hamilton...
Western German
bS
Boylston
Broadway
Central
((Third National
....
j"
100IOO;
100
...
Second National
Ask.
100 138
Second National..IOC ! 225
Seventh Ward
100 115
285
127*4 LO
75
70
200
191
145
235
220
Hartford.
Etna Nat
100
50 H> I
American Nat.. ..-.50
40
'barter Oak Nat..l00i
120
135
112 4
122
111** 1 12
124
122
Blackstone
Boston Nat
140
120
Metropolitan Nat
Nat. Lai. At Bk.of Com
Ohio Valley Nat’l
i! Queen City National
135
31
57
75;
-
National
Produce Exchange....
j!
95
......
...
00
People’s
2^
Second National ..100
Third National
100
270
185
Merchants’ National.
750
National Exch’ge.
174
,(Citizens’ National....
Bid.
j [Republic
200
......
I j Commercial Bank....
First National
Fourth National
German National
BANK mocks.
Franklin.''
|
......
20
Pltenix
11U11.Stock Y’ds Nat.100
(Cincinnati National,.
Wampauoag(F.R.) 100
Wasliingt’n(Mass.)100
Weed Sew. M’e (Ct.)25;
Weetamoe (F. R.)100
Willim’tic Linen(Ct)25!
German American
1
Howard
Marine
3u
Mechanics’
10,
Merchants’.
100:
185
100
25
Park
110
700
Atlas National
100'
Baltimore.
Bank of Baltimore 100
Bank of Commerce. 15
Citizens’
10
Com. & Farmers’.. 1001
Farmers’ 14’k of Md.3o
Farmers’ At Merch. .40j
Fanners’At Plant ers’25
First Nat.of Bait.. 10o
I
j People’s
Cincinnati.
Teeumseh (F. R.). 100]
Tkormtikei M ass.>1000
TremontA: S.OMass) 100
Troy C. & W.(F.R.) 5001
York Co. (Me.)
120
24u
175
137*2 140
170
•:Metropolitan Nat. 10*
l!Naf. Bk. of Amer.. 100
Nat. B’k of Illinois.100
Northwestern Nat. 100
Union National....100
Sandw.Glass(M ass.)SO:
Shove (Fall Riv.). loo
Blade (FaL Riv.).. 100
Stafford (Fall Riv.) 100|
Bank Stoi ks.
(
117
230
102
140
360
160
Continental Nat...100
First National
IOC
Fort Dearborn Nat
Hide and Leather. 100
500
(F:R.)...lou
Union C.Mr.(F.R.)
j
Ask.
..
Robeson iF. Riv.) 1000
Sagamore (F. Riv.) 100
Salmon Falls(N.IL)300
StarK
Bid.
Bank Stocks.
penperell (Me.)
Rich.
He
h*te«4 at
For
JJ^NUFAC’INP STOCKS.
BONDS—Concluded.
QUOTATIONS OP STOCKS AND
GrEXER\L
Pocisset
435
THE CHRONHTLF.
1, 1387.]
1
October
25
100
160
100
110
160
125
250
70
125
140
140
80
130
210
95
IOO
91
IOO
130
80
70
100
100
147
110
175
90
160
90
170
85
170
90
IOO
170
100
55
60
150
130
lot)
05
110
140
141
260
180
95
180
lio
110
fcO
124
156
160
285.
THE CHRONICLE.
436
Nashville &
January, I860, upon bonds issued by the
and
Jnucstmcut
[Vol, XLV.
Chattanooga Railroad Company, and demanded interest upon
each instalment from maturity.
This company denie 1 i’s
liability, and suit was brought by the Government in 1881.
The case was tried before the United States Circuit Court, at
AND
ftailvoad Intelligence.
Nashville, in 1S83, and judgment rendered in favor
of the
but upon appeal to the Supreme Court of the
United States, the decision was reversed.”
*
*
*
In November last the company entered into a contract wi!h
the Tennessee Coal & Iron Railroad Company for the purchase
of their railroad, which extends from'its junction with the N.
C. & Sr. L. Rail way, near Cowan, Tenn., eighteen miles to
the Tenmsseee Company V mines, at Tracy City, and agreed
to issue and deliver to the Tenn. C I. & R. Company, in pay¬
ment therefor, $506,000 bonds secured by mortgage upon the
property purchased.
The company took possession of the
rota
November 1st, 1880, and the surplus for the eight
months, after paying all expenses, interest and taxes, lias been
$0,25'2, winch would indicate that, with the other advantages
derived from the possession of the road, its purchase was a
ju licioiH irivi s ment.
The Huntsville extension from Elora, ou the Fayetteville
B.amh, to Uuirsville, Ala., was begun about March 1st 1 ist,
and the track will be completed to Huntsville during October.
The road is 20 S miles long, making the distance from Nash¬
company;
'T he In vectors' Supplement contains a complete exhibit of
the Funded Debt of States and Cities and of the Shocks and
Fends */ Railroads and other Companies. It is published
ou the last (Saturday of every other month—viz., January.
March, in ay, July, September and\ November. and is fur¬
nished without extra char ye to all regular subscribers of the
Extra copies are sold to subscribers of the
each. and to others a' $1 per copy.
Chronicle.
Chronicle at 50 cents
REPORTS.
ANNUAL
*•
Louis & Chicago.
Jane,80, 1887.) for the Use a I year ending Jane
Cincinnali Indianapolis St.
(For the your ending
The report of this company
‘80 has just l oen issicd, and it is one
that py. rents an excellent exhibit, for
hash
of the raihoa i d umuieats
that year, Die company
prominent for its success in negotiating the new 4
bonds to replace the old seven per cents maturing,
en
per cent
thus nailing a Urge saving in the annual intetest charge.
The r- put of President M. E. Ingalls in
on
a fcub:-« pufcnt page of tire Chronicle, under the title “Reports
and Documents."
Hie comparative statistics of operations and income, and
the balance sheet, for four years, have been compiled for llie
CimoNit I E, as follows :
full wall be found
<>! J.UAT)ONS
Miles
<
Oj/vr-n ons —
Passenger mileage..
It.de
m
18-1!-85.
1335-86.
1886-87.
343
313
343
293
35,308.500
35,74 4,753
35,812,992
33,778,236
2-22 ets.
2-29 cts.
2 28 cts,
rated
i>
2-32 Cts.
mile
]»;:ss. p.
m-cae KESI !.(>.
AM*
1883-84.
Freight tmisjmilde. 139.936.623 174,008,590 1 72,341,037 2 07,270,76 2
0*85 cts.
0*84 ets.
0-8,* ets.
109 ets.
A v. rate m ton p. m.
Tot. cross raru’s,
795,5o3
1,543,129
257,177
773,146
1.754,830
224,916
2,595,859
1,660,181
2,520,934
1.595.399
1,540,062
2,75 2,892
1,700,596
903,190
935,673
986,872
1.052.296
63 S5
(> 095
60:9 L
225,975
2.408,589
.
•f
729,534
1,540.902
256,498
Mail.expr’sd-’nts.Ae.
Oper. exp. A taxes.
.8
$
$
833,< 66
1,13:),548
Earn in <)s—
Passenger
Freight
Not earnings
Pc. of op. ox. to earn s
61-77
ville to Huntsville Ilk) 3 miles.
The Jasper branch- has been >
xtended from Victoria to the
of four miles, for the purpose of
rendering available the coal deposits of this section, from
which the Tenn. Coal I. & R Co. will ship from 200 to 300
tons of coal per day.
It was thought to be the interest of this
company to further extend
the road up the Sequatchie
Valley about 14 miles to Dunlap.
The Bon Air extension of t:e McMinnville Branch from its
terminus at Sparta, Tenn., six and three-quarter miles to the
coal fields of the Bon Air Goal Company, at Bon Air, will bo
Whit Well Mines, a distance
finished in December next.
made looking to the extension of the
at the Lewis
County line southwardly about eighteen miles to extensive
iron ore beds and timber lands on Allen’s Creek.
“In October, 1880 the directors felt justified, from the
earnings of the road, in ccm nencing the payment of quarterly
dividends of one per cei t upon the capital stock. This has
been regularly declared since, and, with the present receipts,
can be continued aud the ilo-itmg debt liquidated in a short
Surveys have been
Centerville branch from its present terminus
time.”
INCOME ACCOUNT.
%
1883-84.
Not earnings
IHsbu/'St: in cn (s—
Interest < nbonds*..
188 4-85
1S85-86.
GENERAL INVESTMENT NEWS.
188 ‘"-87.
$
$
1)03,190
$
935,673
986,372
$
1,052,296
626,233
624,482
624.234
643,267
following table shows the
earnings not heretofore published.
Railroad Net Earnings.—The
latest
210 O()0
reports of net
,
Rate ot dividends
0,254
29,015
631,187
65)3,527
232,151
Miscellaneous
Tot. disbui-sem’ts.
271,703
surplus
Iialaneo.
i
i: 11,AN< h
■!•;>!:i;a i.
AT
v
i.< >-E
A s:$(■ '.s'
HH. ami
< uuipm. nt
Sundry •e<Wincs..
8
r.h^o-.ioi
1.321,215
Bond ivi li Hip !!, <\ •'
Muteri ! 3, Ac
Cash
ccmiut
t
Each
.*8
13,235.034
i .847, .an
(4 ;U p. e.)
1;>,5S2
853,078
'991.31!)
133,794
60,'. 4 7
-
i 1.8'ai,
38,21)8
1S50-S7.
$
13,107, n
3,H1),ii:!'
1,080, i r
1 10,05
*1,1 « 1,07!
145,71
16,-000,081
10,527.57
Id,‘272.1)36
1,885,006
97,7-7
.
at. is l
Total
Lin/CHlirs—
Siock
Fut.dc l deb;
St eck Mili.M-t n th'll
mils paya-Me
Acme! t.< pat able!.
1
5,0.27,516
Tot.'!
- ]T
15,75 1,016
7,( 0 ',000
7,00 d,0(.;0
7,154,5u0
7.1 15, .(JO.
1 _’,of>4
8
7,00o,000
7,130,400
46 0.218
1 10.128
132.820
58.288
03.258
625,248
1,024,131)
66,1 15
127,278
1.1 57,0.>5
15,027,516
15,754,013
16,006,081
210,817
57,505
Ih.pa <1 •.:>:<»!». «V<
Hum:ry art otw.t
IToii; and loss
tear.
1885-80.
•S
*92*195
581,4111
-
i \\
_1 h
oi'
1884-85.
18-3 84.
rtumlr.v
(3 !*• c )
18.814
..
.
7,000.0 »
0,05\75
1,85 1,06
34'"
22 1,755
4
,7s
0,12
O',67
1,218,88
10,527,57
'iri’t 1 in-ms tire: Advances, 8527.382; bills rocrivabb
' *
$376,142; due :rum sun4ry persons and companies, $3-0,837.
f hid lies ,Jiino pay rolls ami supp ics.
Naslnille Chattanooga & St. Louis
(For the
Railway.
has the loliowmg remarks ;
“The increase in 11 outing debt was incurred by payment o
claim of the United Staffs for $153,600 past-due coupons
which was hereto!ore inclu ud in interest Lability, and foi
advances xo build branches, upon which bonds will be issuct
in November next, when the reads are competed
bonds have already been placed at a very satisfactory price
out
flies*
realizing ahuve par, and the amount received upon theii
delivery will reduce the Hunting debt to less than £300 000
which ;U!H
lint^ is account'd for by advances m;:de t / tin
Ituck Riv. r Valiev Railcad Company fer consttuciion of tin
oxter sou from Petersburg to Fayetteville, for which tic
company balds $1-1-1 300 Duck Riv- r Valley Railroad bonds
aiui by ihe cost of seven ar.d a half shares in lease of tin
W est on A At 1 n \c Railroad, after
deducting dividends iv
-an
mounting
to
presented for payment coupon
which
457,191
186,736
Net...
Ft.Worth A Dcnv.C.Gross.
Net...
'(tr. R
ipids A Ind..Gross.
Net...
Memphis A Cluirl. ..Gross.
Net...
X. Y. L. F. A West.
.Gio-s.
Net...
N. Y. A New
Eng ..Gross.
Net...
Y. Out. & West..(iross.
Net...
N. V. Phil. A Norf..(iross.
Ni-t...
Norfolk A Western Gross.
Net...
Northern Central..< iross.
Net
..
Northern Pacific*
..
(iross.
Net..
Pen ns v 1 v an i a
Gross.
Petersburg
Gross.
Pliila. A Eric
Gross.
matured between July, lspo
1,807,106
257,734
74. MO
922.133
3-0.032
4' i4.638
1-0,232
363,7. 0
6,-41,262
1,718,935
2,861 9 ) 1
1,051.203
Not
385,03 2
Kr',015
1134.7(34
31 (3.933
62. i l()
42 -'SO
32,309
5.582
2-7,1"7
122,919
883,001
115.0,0
1,3 5
15,793
2.8
2,5 9.5-0
1,1 23,992
4,22(3,5.37
1,003.319
7,9 19.3! (3
1.983,0 "6
782,1 79
1.089,994
!)(J0.0t7
3,533,889
1,219,-68
198, 31
7,310, (!4l
”99,586 1 ,22(3.858
(158,953
3.002,329
3,303,726
601,96(3
5,022,012 1,585.390 3(3,0 17,1 0i3 32,192,231
1,907,536 1 ,90" ,045 .12,365,100 11.155,297
25, >37
27,5851
9,298
10,222
349,521
2,3 10.728
381,051
2,632,428
008,628
502,027
JKG *,102
141,554
14,034,‘U:) 12,360,227
17,337
19,131
Richm. A*Petersb... Gross.
Net...
8,003
9,652
/—Jan. 1
July.
1837.
1886.
Name of Bond.
Gin. Ind. St, L. A C.Gross.
$
214,3-4
$
213.6 51
Net...
86,067
85,485
-rated.
2,131,8(39
2,575,-97
1.127.465
760,02!)
7,2 0,028
4,901.118
1,979,716 1.501,421 ll.404.J0l
9.229 660
233,2730. r. 181.541
656,182(11'. 1538,251
Net...
I’ll, ifc 1*. Coal & Ir.G i-oss.
All lines op
$
1,70 4,030
334,9 70
6 080,823
.
Pliila.Hearting...dross. 2.055,764 1,801.207
*
1886.
........
50,-51
1 ’,267
9 082
14(3.761
Net...
1887.
.8
-
322.-64
150,2 (3
68.03!)
247,036
37,55)9
420,056
)- 3,833
90,1 59
15,726
174,711
24 2,479
1,5(32,4 - 8
1.888,9-9
236,!) 66
49.8
5**2
91.399
Oj 9,( 37
110,866
8 9,8 14
119,3" 5
1,024.1 _5
139,087
4 6,183
202.532
175, .87
21,5 s’4
2,1-0.075 2 ,051,* 95 15,758,! SO 1 1,491,1 11
611 7 68
3.982, ..78
4.494,9(38
573,093
379.513
393,854
2,51 5,-73
2,601.0 9
8 1 V-’O'J
8."9, -00
164,< < 0
157,4 90
S79.3S0
.996.712
14(3,(330
174,171
52,805
20,786
City A Alpd iross.
Net...
eliding June 30, 1887.,;
The statistics lor the year ending June 30, 1887, wei
furi ished the CHRONICLE at an early da?e and published ii
the issue of August 20, on page 230.
The annual report iu-
ceived from this investment.
“
In 1880 tlte United States
I>et. T» iv
N
$
one
Cicve. Col. Cin.A Iu.<; oss.
Net...
,—Tan. 1 to Any. 3!.—,
.
1886.
$
of Root!:
290,0 2
Bull. N. V. A Pliila.Gross.
Net...
1)9,159
('amuliau Paciiie... (oss. 1,055,170
Net...
386,411
.V
Net...
year
Anyust.
18S7.
1887.
$
1,50c, in
574,279
oJuty 31.—,
is
86.
*
1,416,199
5 42,731
'
Alabama New Orleans Texas & Pacific .1 auction Rail¬
ways.—An extraordinary general meeting of this company
was to be held in London
for the purpose of considering a
resolution to the effect that the company cannot, by reason of
its li abilities, continue its business, and that ir, is advisable to
wind up the same voluntarily.
It was proposed to appoint
liquid dor Captain Franc s Pavv, who. has already i een
appointed Receiver on behalf of the debenture holders. A
as
cticular to the shareholders stated that
nimble to meet it's maturing coupons.
the company was
THE
1^87,]
October 1,
Philadelphia.—The
PufLilo New York &
follows
anl
gross
St,
earnings for August, and from Oct. 1 to August
CHRONICLE.
net
were as
:
August.
/-
1*87.
,—
.
1845-6.
■$'290,012 $257,731 $2,437,966 $2,300. >89
Gross earnings....,
Operating expenses
$74,710
$.'9,159
Net eana'ngs
1,817,717
2,034,002
183,024
790,-<53
$103,904
$512,772
-July.
Gross;
earnings
Operating expens
line
20 by the
opposing
interests controlling the first mortgage bonds, and the opin¬
ion is expressed that a mutual understanding will be reached
before the day of sale.
Talley.—There was a hearing in Philadelphia
before Special Master Dallas in the matter of the petition of
Col. James Boyd, trustee of the Chester Valiev Rulroa 1 first
mortgage, to sr 11 die road without resorting to foreclosure.
31- was giva n p= r mission without objection to exercise such
powers as were veA. d m him by the mortgage.
Chester
Chicago Burlington & Northern.—A Chicago dispatch
gays that tire Supreme Court of Illinois ha-* just given a
decision against the company in the case involving its right of
way between Duluth and Galena.
This decision wid necessi¬
tate the giving up of 12 miles of track over the Illinois Central
Chicago Burlington & Northern rotd
over $100,000.
The officials of the latter road say, however,
that if a rehearing of the case is not granted they will build
13 miles of
new
cost the
track
on
their
own
right of
way.
Cincinnati llamiiton & Dayton.—In the proceedings before
the Ohio Court legarriing the appointment of a receiver for
this company the following abstract of account with H. S.
Ives & Co. from Aug. 12, 1886, was put in by F. H. Short, the
Assis ant Treasurer.
Remittance sundry times to date..,
Eastern drafts collected
381,724
159,174
Total
Cleveland
follows
For coupons
Augus1.
earnings
Operating expenses
Xet
bn
Total....
Excess of checks and drafts
over
his
$1,243,975
$453,074
deposit*
Proceeds of bonds and stocks sold in New York and
ited there:
65 C. IT. it D. bonds, 5 per cent
2,000 C. H. it I). 4ifj per cent
65 Cincinnati Richmond A Chicago RR
4,782-shares Cincinnati Hamilton <t Day. common
28
do
do
do
do
do
depos¬
$70,759
"!_"
"m'm[
stock.!"'
2,0 i 1,342
68,250
62 1,666
do
3,500
75,000
2,O'. 0 Dayton it Michigan stock...
Total
Commission paid for sale ot bonds.
Paid on Emery’s claim
\V. N. Cromwell
8*5
Excess of checks and drafts
over
Add interest
$2,850 511
$150 000
Ives it Co.
225,000
$2,625,511
deposits.,
453,074
on
cur.cut account
31,048
The defense bleu the balance sheet used
contains only the old issue «>f $1,000,090
nothing of the
new
issue.
The totals
FINANCIAL UnmilT CINCINNATI
COM CAN V
AirSltS.
Construe! ion
Equipment
R'-al estate
Supplies, A-e
Bilis receivable
Stacks and bo <!s
I hie t\ am railroads,ii;c
Jim* from LT. 8. I’. <)..
C. R. A- Ft. W. RR...,.
I>. A: M. Lessors
C. If. it I. RR.
H. A* R. Transfer Co...
Due fo m agents, Ace..
follows
DAY TON
A
bonds
1,451,616
I
2,75<>
200.443
,
2.82 7
feutpiusof
4,067,941
preferred.
Consolidated ootids...
2.8*S>
.Surplus
3,71*9.653
V. R
ear
niims
it C. RR
Coupons
nn
,
889,50*2
7,500
,0O0
269,2:32
i
283.901
,
332,850—
.am
Due railroads, Ac
Lima simp
112.179
749
Accounts payable,-fee.
382,270
Bills payable, <ke
Total—Cr
Assets
$14,910,529
J
Accru’d, not
6-,657
Cash and ca-h assets
Ifenrv S. I 'esitCo .tr.
L. A C. A J). RR
Stock
4/ 00,000
1.0 O.OcO
aid —
Due
!. $14,087
j Accru’d, not
;
due....» ..239,814—
Dividends unpaid —
Due
1
$6,i 31
453,79(4
706.696
Toledo Elevator
Total assets.
$2,000,Oi'O
over
liab’Iiies
Net liabilsitie
139,181
6 •,000
$14,‘MO.'29
4,o67,‘ 11
$10,972,599
$ i0
1887.
...
...
1
$ .\>61,902
1.807,69.)
539
228,306
.
96.
-
$2,5 “5,896
’
1,( 92.292
* 15
51.203
547.*. 78
*--3,60 1
552.5 i5
*506/ 25
*4:6.797
$3:. 1.05‘)
22,*>26
$87,902
$; 9,733
$1 $7,451
68,591
0JJC4
$119.1 15
$115,529
7.200
$1 0.015
i
13,*.08
This item includes
$464,002 spent for new ears, $ 13,25 0 for
engines and $19,535 f or purchase of real estate.
new
Fort Worth
& Denver City.—The gross and net earnings
August and from Nov. 1 to August 31 are as follow :
for
/
.Vor. 1 to Aug 31.—
1886-7.
1895-6.
.1
ugust.
.
'
1886.
$68,039
$37.5 19
3 4,156
21.873
—
1887.
Gross earnings
Operating expenses
Net earnings
$33,883
$525,382
$15,726
$319,511
',525
204,540
$228,857
$114,971
.9
Houston k Texas Central.—It is reported that the se veral
have been in conference, and have substantially
interests
an
agreement which will shortly be made public.
work
on
its
new
line from
&
Chicago.—This railroad is at
Bainbridge to Brazil, Ind.
Memphis & Charleston.—The gross and net earnings for
August and for two months from July 1 have been as below :
August.
/
earnings
Oper. expenses
Net
*
....
^—2 7/Cs. July 1 to Aug. 31.—1
i
1886.
1887.
$139,687
*117,563
$119,375
73,192
$166,984
190,427
$214,838
$21,584
$46,193
$76,557
$66,773
earnings...
1886
148,065
Spent $22,000 for new equipment.
Mexican
Central.—The payment of subsidy to this com¬
suspended June 21, 1885, and resumed at a reduced
rate July 1. 188G, and has since continued in accordance with
the agiecment which was embodied in the law of June 30,
1886.
The collections up to the present time have been as
pany w as
below
To
:
July 1, 1885
$3,724,055 31
July 1, 1886, to Dec. 31, 18*6, at *U per cent
Jan. 1, 1897, to June 3o, 18s7, at 1 per cent
July, 1887, at *2 per cent
August (so far as heard from;, at 2 per cent
58,437 40
82.784 90
28,342 32
27,000 00
Total
$3,926,61
93
New York Lake Erie & Western.—The gross and net earn¬
ings for August and fr m Oct. 1 to August 51 were as follows,
including 08 p. c. of the earnings of the N. Y. Penn. <& 0.5
being paid
as rental :
Oct. I to .1 ug. 3 ’.
ugust.
,
1887. ’
1886.
1886-7.
1885-0.
Gross earnings
$2,190,675 $2,051,695
$22,‘*26,6:*9
$2.).2t 0,171
Operatingexpeus. 1,-03,907
1.478,602
15,55.*.563
11,478,050
A
$611,768
$573,093
$ ,407,137
$3,782,It 1
New York Ontario & Western.—The gross and net earn¬
ings for August and from Oct' her 1 to August 31 have been
obtained for the CllKONiCLE
Gross earnings
Operating expenses..
Net
earnings
as
follows
:
—
August.
,
—0<t
I
1-86-7.
lo
Aucj. 31.—,
19-5-0.
1897.
1886.
$!78.171
121,320
$M6,L59
$1,323,821
103,780
1,122,553
$1,360,952
1,171,368
$*6,951
$12,879
$201,268
$! S3,584
Northern Pacific.—The gross and net earnings for
and for two months from July 1 have been as follows :
‘
1887.
Liabilities.
2,.107,52“ ‘ Slock
748.467
275',20 4 !
1.717 :
857.8 !6
231, i A * i
12 293,
:
IIAI Lit O AD
30, 1887.
|
$1,357,322 ‘ 2d rnort.
,
assets
IIA All LI ON
TO 41 NL
as evidence,
which
preferred stock and
are as
...'
'Balance
*
—Jan. 1 br August 83.—
*196.736
Net earnings
$2,172,133
August 12, lcs", balance due from TI. 8! Ives it Co
$2,203,182
Amount for stock and bonds and interest, as above
2,'89l/)57
Amount, iveened on account of same, viz., excess of checks
and drafts
$453,074
Paul by President and Treasurer
225.0U0- C7S,C74
earniners
rest, taxes, etc
the other 3.2 p. c.
60,000
25,000—
Balance..
r
1
$ 13 ", 191
250,455
..
‘
Balance
Additions to property.
790
235,000
127,5(0
15,487
5,278
67,693
248,619
70,324
$72,615
Indianapolis.-—The
1996
19-7.
Gross
Gross
$395,0'0
For diVkleuds due May 1, 1987
For transfers to Oni innati banks...
For account purchase T. II. & f. stock
For Emery claim C. II. <\s I. 14 R
For guarantee (’. R. A Fort Wayne interest
For Cambria Iron Co., steel rails
For vouchers, acc unt» quipment
For-eurrent vouchers, supplies
u
47.9 25
:
1887.
by Assistant Treasurer, viz:
$*»o, xv 0
33.3 13
Columbus Cincinnati k
$790,898
Checks and drafts drawn
$31,067
s it
Louisville New Albanv
$225^003
13 4317
$21 3.(531
133,Util
earnings, expenses, &c., of this road for August and for eight
months, obtained for publication in the Chronicle, were as
reached
opening of account.
on
18-V.
$2 5 4,3-4
.-
Surplus
Deposited by Assistant Treasurer, 188C, viz:
August 12.
and taxes
s
18-7.
Net earnings
Fixed charges, less miscellaneous income.
Central Iowa.—The sale of the Central Iowa main
under fore Insure has been postpos-d until October
Master.
Conferences are being held between the
road and which
Indianapolis St. Louis & Chicago.—The gross
July, the first month of the
and net e linings and changes for
fiscal year, were as below given:
Oct. 1 fo Aug. 31.—i
18-6-7.
1883.
Cincinnati
437
-2 Has. July
1897.
1980.
Gross earnings..
$1,299,596
$1,226,358
Operat. expenses
697,6-0
;>t>7,405
1 to A
Aug.
ag,
31.—.
19,9 0.
$2,502.162
$2.32 .384
,'.15 1.533
1,1 32,*04
J
Net
earnings.. $601,906
$659,953
$1,1 *7,624
$1.Dm,180
Land sales 87,317 acres: amount of sales including town lots,
Ac., 8342,883.
Pennsylvania It ail road.—1The gross and net earnings for
August and for eight months, Januaiy 1 to August 31, \v- so as
below stated.
On the lines west of Pittsburg & Edo tie-.* net
re.-ult, after payment of interest and a 1 charges, is ; imam m
the second table.
LINES EAST OF PITTSBURG
Gross
Jan. I to June 30
July
August
Total 5 montlis
1897.
$26,370, 724
4,654 370
5,02 2
AND
Earnings.--
01 2
$36,047, 10G
ERIE.
Xrt Earn iu
IS <6.
$2
,25 > ,161
677
4,0-a 3 TO
1,356
$32,192, _3I
8.7- i *39 )
T.67.J -•4 1
1.9 >7, mi *
1
v‘,
„
-6
$7 ,0 9 62 l
*
1
1
* I 2. ':6 V 4 90 811
THE
438
LINES
Net
WEST OF
surplus or
1887.
Jht\
ltoJune30. Sur. $410,184
Sur.
July
August
Total, 8 mos
87,008
Bur. 282,455
Sur. $7 79,947
Imports ami Jlotutuenis.
PITTSBURG A ERIE.
dcfic\
1886.
Def. $514,923
Sur.
262,508
78,651
Def.
$173,764
Sur.
[V OLi XLV •
CHRONICLE.
Diff. in 1887.
$925,407
Less.
175,50)
Gain.
203,804
REPORT TO THE
Gain.
Gain.
CINCINNATI
STOCKHOLDERS OF THE
INDIANAPOLIS ST. LOUIS & CHICAGO
RAILWAY COMPANY,
$953,711
..
For the Year Ending June 30, 1887.
Philadelphia & Reading.—The gross and net earnings for
The gross income of the Company for the fiscal year ending
August, and from Dec. 1 to August 31, have been as below
given.
The net earnings of both companies aggregated June 30, 1887, was two million seven hundred and fifty-two
$1,300,738 in August, 1837, against $578,488 in August, 1886; thousand eight hundred and ninety-two dollars and sixtyfor the nine months, net in 1886-7 were $8,552,753, against seven cents ($2,752,892 67).
The cost of operating the Rail¬
$4,018,071 in 1885 0.
way was one million six hundred and forty-one thousand six
RAILROAD CO.
hundred and eleven dollars and twenty-one cents ($1,641,August.
. /—9 mos.. Dec. 1 to Aug.3\.—>
J8S5-6.
611 21), leaving a net income of one million one hundred and
1886-7..
1886.
188'ir.
iOOD.
1013 0-/.,
10 30-0.
$2,055,764 $1,801,207 $15,611,631 $14,009,002 eleven thousand two hundred and eighty-one dollars and
Grows earnings
Operating expenses..
928,299 1,011,177
8,377,107 forty-six cents ($1,111,281 46), out of which interest, taxes
7,693,412
Net earnings
$1,127,465
$760,030 $7,918,219 $5,631,895 and dividends were paid. Four dividends were paid upon
the stock, one of 1 per cent and three of 1}4 per cent, aggre¬
COAL & IRON CO.
gating 4;!4 per cent.
-August.
v^-9 mos. .Dec.1 to Aug.
31.
1885-6
The amount charged for interest is very large, for the reason
1887.
"
1886.
1886-7.
10,574.917
Gross earnings
$1,979,716 $1,501,421 $12,746,726
12.188,740 that as old bonds were taken up in the refunding operations
Operating expenses 1,746,443
l,682,9t2 12,112,193
alluded to hereafter, the interest to date was charged up,
Net earnings.... $233,273 def.$181,541
$634,533 def.$L,613,823 although it might not be due. This brought more than the
—The receivers of the Reading Company have decided to average amount into this year.^
Notwithstanding this there was a very respectable balance
pay the October interest on the $10,000,000 improvement loan left after all
payments, which has been carried to the credit
due October 1.
They will also purchase interest on the divi¬
of the profit and loss account.
The percentage of operating
sional coal mortgages on and after October 10 as follows:
expenses was 59 63.
Swatara at 6 per cent, Houtz, Meyer & Kinnear at 5 per cent,
The results for the year are very satisfactory.
We have
Salem Coal Company at 4 cent, Summit at 3 per cent.
had fair rates and a good volume of traffic.
The only obstacle that appears to stand in the way of the
The policy of the management in the past, to furnish the
Reading reorganization now is the holding out of the owners
of some $4,300,000 of first series fives, who demand par for public th-vsafest and best accommodations possible, has been
continued.
their bonds.
It seems probable that some method of com¬
The contract for replacing all the wooden bridges of the
promise will be arrived at.
main line with heavy iron structures, that was inenti >ned in
Rome & Decatur.—The Daily Commercial Bulletin says: the last
rep >rt, has been nearly completed.
A small portion
When the firm of Grovesteen & Pell failed they had on hand will
go into the present year.
$625,000 worth of the Rome & Decatur Railroad Company’s
Sixty-nine hundred and seventy-six (6,976) yards of heavy
first mortgage bonds, and 3.328 shares of the same company’s
masonry have been built to take the place of that which was
stock, of a nominal value of $332,800. The Rome & Decatur old and light.
owns the right of way from Rome. Ga., to Decatur, Ala,,
Nineteen miles of 56-lb. steel has been taken from the
though its route between these two points is not a direct one, main line and put on the branches, and new 67-lb. steel laid
except from Rome southwest to Gadsden, Ala. From Gads¬ in its place. Wharton switches have been substituted for the
den the line is irregularly laid out, taking in Atalla, Gunters- old ones as fast as they needed renewing.
ville and other minor towns.
The total projected length of
The plan of reducing grades and curvatures, wherever it
the road is 135 miles, of which 61 miles from Rome to Atalla could be done without too great expense, has been followed.
have been completed during the past summer.
The remain¬
Sixteen thousand nine hundred and thirty-eight (16,938)
ing 74 miles are now surveyed, and it is thought will be soon cars of new ballast have been distributed along the line.
completed. Meanwhile the question is being agitated both
Two new postal cars, four locomotives and two hundred
here and in the South of what will become of the company’s
freight
cars have b?en a ided to-tlie equip nent. i
securities held by Grovesteen & Pell, which are sufficient in
The double track west from Cincinnati has been extended
amount to carry with them more than the balance of voting three and a half miles.
power, and to give the management of the road into the hands
New side tracks to accommodate the business and facili¬
of whoever secures them.” * w * “The only roids to whom tate the
handling of trains have been put in at various points
it would seem that the Rome & Decatur would be specially
along the line, aggregating altogether thirty thou-and six
valuable are the Georgia Central and the East Tennessee Vir¬ hundred and
eighty-one (30,681) feet, or nearly six miles of
ginia & Georgia division of the R chmond Terminal system. track.
The Western & Atlantic, which is under Georgia Central c >nThe number of miles of railway operate I by the Company
trol, already has a line been built from Kingston, Ga., about during the year has been 412 6-10.
ten miles west to Rome.
Could the Kingston line control and
The earnings reported are for 293 miles only.
The Kan¬
complete the Rome Ik Decatur it would be able to very suc¬ kakee and Seneca Railroad, 42*4 miles in length, is owned
cessfully compete in the matter of distance with the more jointly by this Company and the Chicago Rock Island &
roundabout lines from Atlanta to Dacatur. ”
Pacific Railway, and its earnings and accounts have been
Shenandoah Valley.—The time for the deposit of general kept entirely separate.
The earnings of the Vernon Greensmortgage bonds has been extended to Oct. 15.
burg & Rusiiville Railroad, 45 6 miles in length, in previous
Stock Exchange—New Securities Listed.—The Govern¬ years have been included in those of our main line, as our
ing Committee of the Stock Exchange have added the follow¬ Company had a five years* contract to operate it. On the expi¬
ration of this contract last October, a new arrangement was
ing securities to the list :
Northern Pacific—First mortgage sinking fund 6 per cent made, by which it was operated by this Company for the
gold bonds of the Helena Boulder Valley & Butte Riilroad account of the bond and stockholders, with separate accounts,
Our Company owns all of its bonds and over two-thirds of its
$260,000, mating the total listed to date $600,600.
United States Express Company—$3,000,000 additional stock, but its earnings and expenses were kept seperate, to
satisfy a minority of the stockholders. Since the first of No¬
common stock, making the total amount listed $10,000,000.
Shenandoah Valley Railroad—$4,113,000 of the engraved vember it has just about earned its operating expenses, the
“
certificates of the Central Trust Company, representing the
general mortgage 6 per cent bonds of the railroad.
St. Paul & Northern Pacific Railway -$300,000 addi¬
tional general mortgage 6 per cent bonds, and the registered
certificates into which they any be converted, making the
total amount listed $6,300,000.
Chicago Rock Island & Pacific Railway—$1,100,000 first
mortgage extension and collateral five per cent bonds, making
the total amount listed $13,960,000. Philadelphia (Gas) Company—$1,000,000 additional capi¬
tal stock, making the total amount listed $7,500,000.
New York Texas <Sc Mexican Railway—$1,442,500 first
mortgage six per cent gold bonds (reduced to four percent,
and so stamped), to be known as “New York Texas & Mexi¬
can
were
Guaranteed four per cent
stricken from the list.
bonds.”
The six per cents
reported (by Kiernan) that the Wabash
practically settled, and that the first and second
mortgage bondholders’ committee have agreed upon a plan
satisfactory to both parties. This contemplates the isme of a
first mortgage 5 per cent bond on the whole system east and
west of the Missi-sippi River to pay off the Wabash firsts and
Great Western firsts; also a second mortgage.5 per cent bond
on the same
property to take up the Toledo & Wabash
sp^onds, Great Western seconds consolidated and the 7s of
*
Wabash.—It is
matter
1879.
is
advantage to our
The Columbus
business it gives us.
Railroad, 26)., miles in
Company being in the
Hope & Greensburg
been operated by our Company for the
with separate accounts, all of its bonds
and nearly all of its stocks being owned by this Company.
The only way that it affects the statements hererein is in the
fact that its net results have been credited to the earnings of
length, has always
benefit of its owners,
our
Company.
of the Kankakee & Seneca Railroad for
seventy-three thousand five hundred and ninetytwo'dollars and forty-six cents ($73,592 46); of the Columbus
The gross earnings
the year were
Railroad, thirty-three thousand five hun¬
sixty-nine cents ($33,583 69);
Rusiiville Railroad, for eight
hundred and twenty-six
92). Adding this to
hundred and fifty-two
thousand eight hundred and ninety-two dollars and sixtyseven cents ($2,752,892 67), makes two million eight hundred
Hope & Greensburg
dred and eighty-three dollars and
of the Vernon Greensburg &
months, twenty-two thousand four
dollars and ninety-two cents ($22,426
the income reported, two million seven
hundred and.ninety-five dollars
income of the
a new line,
taking out consider¬
tunnel on the
and eighty-two thousand four
and fourteen cents ($2,882,495 14) as the gross
entire system.
A contract was made last spring for building
one mile in length, at North Bend, thus
able curvature and grade, and avoiding the only
lii
e.
ft
#
i
October 1,
1887.J
;
improvement is expected to cost about one hundred
thousand dollars ($100,009), and is now well under way.
This
A loan was also made to parties proposing to build a
railway from Lawrenceburgonour line to Louisville, by which
they agreed to construct the portion of the road from Lawrenceburg to Aurora (about four miles) tics summer, and give
the business to our Company.
This part of the line is nearly
finished, and will be a valuable feeder to our road.
Large sums have been expended during the year for lands
in the cities of Cincinnati and Indianapolis, and along the line,
to accommodate the future traffic of the road,
p Our trains have been managed with their usual regularity
and freedom from accident.
Our arrangements for traffic and business
have remained mutually satisfactory, except
Haute &
with other lines
as to the Terre
Indianapolis Railroad.
The new management of that company threw off our trains
for St. Louis, bu„t as the Indianapolis A St. Louis at once gave
us as good service, with more business, we were not troubled
except by temporary annoyance.
This would not be alluded to here at length, except that
some of our stockholders have thought it was a serious blow
to our business, when the fact is we always gave that Com¬
This of course we
pany much more traffic than we received.
can control, while the Indianapolis & St. Louis have a much
better local line, and consequently have more paying traffic to
us in return.
Since the close of the fiscal year the country tributary to
our road has experienced a very severe drought, which has
materially injured the corn crop. This will tend to lessen our
give
439
THE CHRONICLE.
for
a portion of the dividends that had been earned and
not
paid, and allowing them to take the new stock after that
credit at 65 per cent of its par value.
All was taken except
600 shares, which were left over in the way of fractions and
of stock holders who did not respond.
That the course of the
Company has been conservative for the last eighteen months
in its action, a glance at its comparative condition will show*
When it commenced the refunding process its fixed charges
were six hundred and thirty-nine thousand four hundred and
sixteen dollars and fifty-four cents ($639,416\54), and it had
seven million dollars ($7,000,000) of capital.
To-day the fixed
charges, less income from investments, are four hundred
thousand dollars ($400,000), and it has ten million of stock,
showing that it could pay from reduction of interest, 5 per
cent on the new stock, and still have a large surplus each year.
In addition to this it has invested largely in improvements
and new equipment and real estate, all of which will add
greatly to the value of the Company and its facilities for doing
business.
For the
Directors,
31. E. Ingalls, President.
Cincinnati, O., September 1887.
ABSTRACTS OF RAILROAD MORTGAGES.
We
publish this week abstracts of the 1st 3tortgage on the
City Railway, dated December 20, 1881,
of the 1st Mortgage on the Nebraska Extension of the Chicago
Burlington & Quincy Railroad dated 3Iay 2. 1887, and of the
1st Mortgage on the Pittsburg A Western Railway, dated
July 1, 1887.
Fort Worth A Denver
earnings somewhat the coming year, but will not be severely
felt if general business continues good.
The property of the Company at the close of the year con¬
sists of 391 miles of main track, 8 miles of double track, and
PITTSBURG A WESTERN RAILWAY.
105 miles of sidings; or 504 miles of track altogether, with its
FIRST .MORTGAGE ON TIIE PITTSBURG A WESTERN
depots, stations and lands; 81 locomotives, 00 passenger, par¬
RAILWAY. TO SECURE GOLD BONDS DUE JULY
lor. chair, postal and baggage cars, and 3,253 freight cars.
1, 1017.
The total tons of freight carried one mile during the year
was 207.270,702, an increase over the previous year of 10 92-100
Date.—July 1, 1887.
per cent.
The rate per ton per mile.was 84-100. a decrease of
Parties.—The Pittsburg A Western Railway Company, of
4-100 from the previous year.
This largely increased tonnage the first
part, and the 3Iercantile Trust Company, Trustee, of
was handled without any increase of mileage of freight trains.
the second part.
The number of passengers carried one mile,was 33,778,230,
an increase of 0 17-100 per cent; while the rate received per
Property Covered.—The mortgage covers the whole line of
passenger per mile was 2 28-100, a decrease of 1-100.
The railroad of the company, built or to l>e built, its rolling-stock,
earnings per mile from all trains on the road, freight and pas¬ and all interest, property, assets, rights and franchises, and
all and singular its real estate, leases, etc., whether any of the
senger, was $101: from freight trains alone, $212 ; from
passenger trains. $1*11.
This includes commutation and above be now possessed or hereafter acquired, and the lease of
the Pittsburg Cleveland A Toledo Railroad, dated July 11,
branch, as well as through trains
In the hist report the refunding of the old bonds was 1884 ; the lease of the Pittsburg Painesville A Fairport Rail¬
alluded to at length, and the fact stated that one million of road, dated October 7, 1886 : the right to use the tracks of tlu>
new four per cents had been sold.
Some months thereafter Western Pennsylvania Railroad Company between Pine Creek
and Willow Grove, under an.agreement with the Pennsylva¬
two millions more of the new fours were exchanged by the
And the
Company for an equal amount of old bonds. This left about nia Railroad Company, dated August 15, 1882.
seven millions of old bonds outstanding.
In February last a rights of the company in the following contracts : A contract
dated April 27, 1882, with the Baltimore A Ohio Railroad
contract was made with Drexel, Morgan & Company, of New
York, for themselves and friends, bv which they undertook Company, giving the right to use the tracks of the Pittsburg
Junction Railroad, leased by it; the contract for interchange
to make the exchange and conversions as the agents of the
of traffic with the Big Level A Kinzua Railroad Company and
Company for a period of five years. This is a very valuable
contract for this Company, as the high credit and financial the Bradford Bordell A Kinzua Railroad Company, dated
standing of that house insures its successful completion, April 10, 1880 : a traffic agreement with the Baltimore A Ohio
thereby reducing the fixed charges of the bonds and also Railroad Company, dated June 6. 1882; that with the Shegiving great strength to the proposed new four per cents. nango A Allegheny Railroad and the West Penn A Shenango
Although this contract was not made until late in February, Connecting railroad companies, dated August 15, 1881; that
the conversion has been pressed with such success and rapid¬ with the Bradford Bordell A Kinzua Railroad (’mnpany dated
ity that at the writing of this report it is substantially com¬ December 1, 1886: that with the New York Lake Erie A
pleted. Five million three hundred and ninety-eight thou¬ Western Railroad and the New York Lake Erie A Western
sand of fours have already been issued.
There are two Coal A Railroad companies, dated August 15, 1884 : an agree¬
millions of the old bonds that are still outstanding that fall ment with the Western Union Telegraph Company, dated
due within the terms of the contract with Drexel. Morgan & October 30, 1882.
All the title of the company in the lands
Co., and which are therefore sure of being exchanged into and rights of way. of the Pittsburg Youngstown A Chicago
Railroad Company, or of the Pittsburg Cleveland A Toledo
foins.
Railroad
There are eight hundred and fifty-seven thousand of sixes,
Company, between New Castle Junction. Lawrence
which are being rapidly exchanged for the fours, as the Com¬ County, Pennsylvania, and Youngstown. 3Iahoning County.
And also
pany has the right to call a certain number each year at 105 Ohio, secured by a deed dated September 30, 1882.
for the sinking fund, and this renders them an undesirable the title to certain real estate described at length in the mort¬
bond for investors to hold.
gage.
The description of tin* property in the mortgage is
This leaves only one million and three-quarters of old bonds in much detail, and instead of attempting to condense it, we
out. which are of different issues and due at different times.
give a brief statement of it obtained from the office of the
Each month they are being exchanged by the holders, who company as below.
The railway owned by the Pittsburg A Western Railway
find it desirable to get a long bond with interest payable in
Company consists of a standard gauge lino extending from
gold, and that is marketable.
The large premium which they receive for the conversion the lower part of Allegheny City, in the State of Pennsylvania,
to Sandusky Street, about 3 miles, and from Sandusky Street
Is also an additional inducement to make the exchange.
The Company has on hand in loans and securities that can (opposite Eighth street, Pittsburg, to New Castle, in the same
be converted into cash sufficient funds to pay the premium State, a distance of about 60 miles : also a standard gauge line
with third rail for narrow gauge extending from Gallery Junc¬
and commission on a 1 outstanding bonds.
Its income from loans and investments will more than pay tion (a point about 26 miles from Allegheny City) to Butler, in
the excess of interest on the balance of the old bonds out¬ the State of Pennsylvania, about 15 miles, ami thence a nar¬
standing, so that starting with the present fiscal year the row gauge railway to Mount Jewett, a distance of 124 miles,
Company has only to provide out of earnings of the Railway about 70 miles of which is graded for standard track : also,
for its entire interest, four hundred thousand dollars ($400,000) three small branches, in all about 10 miles, making altogether
212 miles of railway in operation owned by tin* company.
per annum.
It
The balance of earnings can be divided among the stock¬ owns the right of way and runs along almost the entire water
holders or used for improvements, as may be determined.
| front of Allegheny City, about 7 miles, and further, owns
We may therefore congratulate the stockholders that the over 100 acres of terminal property in said city. It also owns
refunding operations, so far as they affect their income, are a right of way and franchises to construct a railway from
NewCas le to Youngstown, State of Ohio (a distance of 17
substantially and successfully concluded.
To provide for the premiums for this exchange, and the miles); also terminal property of about 40 acres at the lastpurchase of lands and equipment, and the payment of neces¬ named place. The company operates under lease the Pitts¬
sary improvements, three millions of stock was issued to the burg Cleveland A Toledo Railway Company, extending from
stockholders of record at par, giving them credit, however, New Castle Junction to Akron, a distance of about 77 railed
THE
410
cent of the
i
Co., extending j
from Niles, on the Pittsburg Cleveland & Toledo, to Fairport, !
Lake Fade, a distance of about 54 miles. All the railroads
above indicated form connecting lines, with the exception of
about Ido miles in Allegheny County, where the Pittsburg &
Western Company runs over the tracks of the West Pennsyl
vania RR. Company, but for which it is now seeking to pro¬
vide its own tracks, having secured most of the right of way.
The equipment of the company is 'subject-to car-trusts of
and the Pittsburg-
Painesville & Fail-port RR.
‘
FORT WORTH &
0,000.000—$300,Of 0 to Bo reserved to take up
the mortgages bated O'to u r 15,
t> be, held unissued tib .1 u.y
deed of trust, doted Julyl.
railroad company i* to hold a cer¬
1 89*2), authorize their pre*
additional rolling sto k and
ene unbranres, or t> on
represented byavceiver’s certificates.
Julyl,
unlanl
New York City.
Interest Pteqahte.— The
1
C'itv.
ary
appoint a trustee to
Should
appointment be
allowable for any court
the application of a majority
such, appointment,
nominated by such majority.
Gold Bond.
Dale.— Tuly 1. 1887.
Amount A.nthorized.—$\
$30 » 000 of bonds issiu-d unl**r
18-0, and June l. Is78; $1,0 JO,00 J
1, 1802, unless the trustees und-r a
1837 ( by the terms of which the
tain amount o*'stork unissued ti 1 July 1,
vionsisHie. jind then only to be is-ued for
betterments, fertile payment of prior
amount i ijual to the amount
Denomivatiim.—fl-,000 ea< h.
Coupon or Kri/istrrat. — Con pen, but may be registered
Principal P.n,aUe.— The. prineip.d is pnjuihle fr< e of all times
19*7, in go.d coin of the Cnited .States, of the present st
of weight, ami tiueness, at the ollice or agency oi’ the company
in
interest is t per cent per annum, paynbY.Janu¬
of all taxes, in like gold coin, in New Yo.k
and July 1, free
shall Jje canceled
mortgaged premises,
th-m in lorc>-.
Cancellation of Conjjons. — Coupons paid on maturity
and shall ho b»- kept aim* as a inn upon the
No iidvanre or loan upon them shall operate to keep
Default.—In case of
default of interest of
principal, or of
hereunder, continued
in its own discretion,
of holders of a ma jority in
possession of and operate the
property, and it shall apply the net ptoeeeds therefrom to the
payment, lirst, of the interest in the order of its maturity,
and secondly, of the principal, if it shall have become dm* by
lapse of time or otherwise, as herein provided; or the Trustee
may in its discretion, and upon the written request of the
holders of a majoriy of the bonds outstanding shall, proceed
to sell all tin* property hereby mortgaged at public auction,
and it shall apply the net proceeds therefrom, lirst, to tie*
payment of the interest due in the order of its maturity, and.
secondly, of the principal; or the Trustee may in its discre¬
tion. and shall upon the request of a majority of the bonds
outstanding, proceed to enforce the rights of the bondholders
hereunder by a suit in equity or law, for such remedy as the
failure to observe any other covenant
for over six months, the Trustee may
and upon the written request
amount of the bonds shall, take
DECEMBER 1, 1-931.
Date.—December 20, 1881 p
1887.
ure
First
in
11.
/ V/ne>/> it
December 4. 1921, in
pn* oil! st ill 1 ll’d of
in N w Yu k City.
p-r a nil n, p yah e Juno
Payable.—The principal is pa cable
interest is 0 per cent
financial agency
lieyis/ercit. —Coupon; but may bo registered.
Interest P n/ h’e. — Th ! and December 1,
■Conmm or
reasonable
the Trustee
reasonable price of bonds issued here¬
shall he infested in securities
of savings hanks under the laws
this i.-sue so purchased shall he
canceled;
It is provided, however, that until July I, 1892.
the said proceeds-of sales of lands and other property, which
is not lo be replaced, may be applied by the company, with
thi' approval <>i J. I’ierpon! Morgan, John Lowher Welsh nod
James Gallery, or their successors,, trustees under the afore
mentioned deed of trust dated July 1, 1887, to the improve¬
i,
United Slates gold Colli, of or «'*pi il to the
v.dm*, ai tile fimni'dal agenev *>r the oonip nr
to
the purchase at a
under:
otherwise
they
lawful for the in\estment
Ronds of
of New York.
railway company,
an instrument
in
BOND
Moitgago Geld Con
—Originally $25,000 p r ml**; bur tlv* suqiiYm ■aon Tin* main lino Iron
Tto ?li3
Cannitiao Kiver and beyond to $10,000
r mdi* a id (!i • total issue
ol‘ horn's on tno lino, w 11 n mmplered t - tho canidim I Ever, to
$i ,<m*o p r mde.
l ho snppli'iinn d doe i movd
t rai hon is
slut 1 not 00 issued on any now road or a an di, ovj-ot s> fir as
sue 1 newly loquire I braueli sk ill b * a hurt of
u > n in.iof tho
(*>m]>uii.v. Tho on-dtial mortgage provi l*.-- fori In* issue, of iionds to
pa\ lor iron and stool rails,and ..Is >011 “diIliani
nid p.-iem e :>urts
o! t 10 luio.*’ ho!ore tno wli lo. s 'olioll is *'i*hi;i!ott‘d. lull S'||,,I 'SCUi fi)
bo ;ivi r iged on the whole line >0 as no. to ox *e *1 2 V o0 pe.- laiio
request of
by an
majority in interest of.
with the assent of the
or without the assent of the company by
writing executed by the holders of 75 per
time may bo removed
such lines.
Dole. — Docoinb'i' 20. is.si.
t tenomi nation..— $l.<4)0 each.
Amount iwhorizeil
i;d deed inni I'd h-* is.su**
<
instrument in writing executed by a
the holders of the bonds outstanding.,
shall not extend to any
THE
to
demised premises.
the second part.
now"
Railroad
stock and bonds
of the said company, the cash, to he applied as hereinafter
mentioned [see --amount authorized"!, and the stock and
bonds
be held as additional security for this mortgage.
SaC f La nils.—'The proceeds from tin* sale of all lands
Trii-slifs.—The Trustee at any
& .Denver City Railway Com¬
and the Mercantile Trust Company, of
the Company, and
in respect whereof
bonds may he issued hereunder, constructed <»r to he con¬
structed from Fort Worth. Texas, northwesterly in the State
of Texas to the Canadian River, into and through the Coun¬
ties of Tarrant, Clay. Cottle, Rotter, Donley, etc., and all
lands, bridges, buildings, rolling stock, materials,
whether
held or hereafter acquired for use in connection with
maid railroads; and all franchises, etc., now held or hereafter
acquired, and. all incomes, etc., from the property; also all
Ian*Is which the Company may acquire from the State of
Texas, by reason of the construction of its roiid.
But it is
provided that the Company may dispose of the lands so ac¬
quired for the best price it can obtain, the proceeds from any
such sales being applied to the payment of interest on the
hon*Is secured hereby.
But if the Company, instead of sell¬
ing the lands, shall perfect its title thereto, the lands shall be
embraced in this mortgage, and shall only he sold at a price
approved by the Trustee, and in this case if the Company fail
to agree with the Trustee on the price, three appraisers shall
lix it.
It is provided, however., that if the Company shall
determine to acquire or build new road wit bout the issue
of bonds hereunder in respect thereto, the lieu ol this indent¬
is provided
ment of the
March,
Properly Covered.—AH the railroads of
extensions and branches thereof,
outstanding bonds and
bonds of this issue maybe used towards payment therefor:
the amount of t he bonds or coupons so to he turned in to he
determined by t he Trustee or by the court. Rut it
that it .-diaii he lawful for the Trustee to convey all t ho real
estate described in the mortgage, situated in the City of
Youngstown, Ohio, h> the Trumbull A Mahoning
Company, for a fair equivalent in cash. *>r < lie
not he necessary within a
others, shall be applied by
of supplemental- deed
all future
bonds, purchase
portion he sold, or if
total amount of
the accrued interest thereon: and
for which
it shall
time to substitute
WORTH & DENVER
GOLD BONDS DUE
Parties—’The Fort Worth
pany, of the lirst part,
New York, Trustee, of
being understood that
-intended to heexelusive
that no bondholder
proceedings at. equity or
in amount of -the
requested the i rust.ee to
exercise the powers In-rein bo fore granted, and have allowed
the Trust* e a reasonable opportunity to comply there wit h.
It is furt her granted that in case of default of interest con¬
tinued as be!'*-• resaid, *>r in the event of the Trustee making an
entry upon the prop* rty, or selling the. same, the whole1 prin¬
cipal sum of the bonds outstanding shall, at the option of the
Trustee, or if the Trustee omit to declare t he principal due, at
the option of the holders of a majority of the bonds outstand¬
ing. expressed in writing, forthwith become due and pay¬
able : and if the trustin', after default of interest for six
months, declares the principal due. the holders of a majority
in amount of the bonds outstanding may reverse tin1 declara¬
tion of the Trustee and waive the default on such conditions as
on
DENVER CITY RAILWAY,
FIRST MORTGAGE ON THE FORT
CITY RAILWAY, TO SECURE
Trustee shall deem most expedient : it
the remedies hereinbefore granted are
of all other remedies allowed by law. and
shall have the right to institute any
law, in ease of default, until a majority
holdt is of the horn's have in writing
said majority may deem proper.
At an\ sale of the property the Trustee may,
three-fourths in amount of the outstanding
the same at a reasonable price, if hut a
the whole he sold at a price not exceeding the
When necessary, a new trus-
made the directors of the company may
till the place for the time being.
any
thus made by the company it shall be
of competent "jurisdiction, upon
in amount of the bondholders, to annul
and to appoint the trustee
THE BOND.
First Mortgage
bonds outstanding.
tee shall be appointed by an instrument in writing by a majority in amount of holders of the outstanding bonds with
the assent of the company, an l until such appointment be so
on
$426,Dili 54.
[VOL. XLV.
CHRONICLE,
at said
D fault.—lu case
interest of the bonds
default in the payment.' <>f
principal or
shall he continued for six months after
a demand in writing has been mad**
therefor, it shall he law¬
ful for the Trustee, unless a majority in interest of the bond¬
holders. prefer to waive such default, to take possession of the
property and to operate the same: and il shad apply the net
proceeds therefrom to the payment of interest iu arrear, or
which shall become due. in the order m which it shall be or
become due,
and after the payment
of all said, interest to
the
and
payment ratably of such of the principal as may be due
unpaid. The company may at any time, though default may
not have occurred, surrender t he properly to the Tru>t**e;-l*or a
term of years in order to better scour*.* the bonds, such act
not prejudicing, however, the right of the comp my subse¬
quently to manage the pr party.
< >r. in
case of default.. as above stated, it shall be lawful
for tin* Trustee, unless the default he waived. D» sell the prop¬
public auction. Th ■ net proceeds
of tin* principal,
erty as a whole or in part at
11-0111 th*1 sale shall he applied to the payment
-whether or not previously due, and of ther (table to the aggregate-of-said unpaid
accrued interest,
principal and accrued
interest.
This provision is cumulative to rhe ordinary remedy
by foreclosure in the courts, and upon de.fauli.as aforesaid,'
the Trustee may at its.discivt ion. and upon the writ bn request
of tin* holders of a majority in value, of the *.ntstanding
bonds
all. institute proceedings to foreclose 1 ids deed in such,
manner as the mil jority of said bondholders ma* dir- or.
s-
Jn case of
six mouths,
default in the payment of
the principal 'of all the
interest « < at i lined for
I muk shall. in ease a,
elect,
such
tho
of
for
majority in interest, of the bondholders in writ tug so
become immediately due-ami payable. 'The said majority
may instruct tin* Trustee, to waive any delaalt upon
conditions as may he deemed best. At any sale of tic* property
the Trustee* may purchase it at a price not exceeding
amount of the mortgage bonds secured hereby.
Bonds
this issue-may be turned in as purchase money.
Bondholders' Mcetiutjs.—Meetings of the bondholders
the settlement of questions which by this indenture are
October
THE
1, 1887,]
CHRONICLE
within their power, shall be called
manner as
a
by the Trustee or in such
majority in interest of the bondholders shall
Trustees.—In the event of the resignation or
inability to act
of any trustee the first
party shall, by a vote of its directors,
proceed to designate a successor, and unless the holders of a
decide; and until the said bondholders shall so act such
powers may be exercised by the Trustee. But it is understood
that no act of the Trustee or of a majority of the bondholders
shall affect the rights of any non-assenting bondholders, ex¬
majority of the bonds shall! within thirty days of last notifi¬
cation by advertisement. dissent,
the same shall stand, lu
case of dissent as aforesaid
and no agreement is reached
by
said parties within sixty days, then,
cept to the extent herein allowed.
Trustees.—The-Trustee maybe removed and
a
441
upon the application of
the party of the iirst part, a new trustee
may be appointed bv any court having jurisdiction.
Either the first party or a
majority in interest of the bond¬
successor
any
appointed at any time by any court of competent jurisdiction
upon application of a majority in interest of the holders of
bondholder,
<>r
outstanding bonds, and it is also provided that said majority holders may remove a trustee and
designate a successor, pro¬
by an instrument in writing, without calling a meeting for vided the directors of the first
party
and a majority of the
the purpose, may remove the said Trustee.
bondholders assent to such change.
NEBRASKA EXTENSION OF CHI (’A 00 BURLINGTON &
THE
SHEFFIELD
SINKING
LUND
BIRMINGH131
CO A L.
A
ing statement regarding this company gives
an
RAILWAY COMB ANY.
MORTGAGE ON THE NEBRASKA EXTENSION OF THE
CHICAGO BURLINGTON
A
QUINCY RAILROAD.
TO SECURE
19*2T.
&
IRON
<jl LXCY RAILROAD.
BONUS
DUE MAY 1.
The follow
account of its charter rights, its stains and
prospects:
The Sheffield A Birmingham Goal. Iron A Rail
way Gompany
was granted a most liberal charter
by special act of ihe Gen¬
eral Assembly of the State of Alabama.
Its franchise per¬
Date.—May ‘2, 18S7.
mits it to own and run
branches-to
railroads,
build
the same,
Parties.—The Chicago Burlington A Quincy Railroad Com¬
build and operate iron„ furnaces, machine
shops,
etc.,
own
pany. <>f the lie. i part, and the New England Trust Company and mine coal and
other mim-ral lands, and own
of Massachusetts, Trustee, of the second part.
and-operate
steamboat and barge lines.
Its property consists of lend and
Property Cohered.—The section of the -Republican Valley mineral rights to the extent, of 70,not) acres in t he
great
Railroad between Hastings, Adams (A).,and Aurora, Hamilton
Worrior Goal Field of
Alabama,
about
seventy
miios
south
Co.. Nebraska, about *27’75 miles, free of ineumbranee :
also, of Sheffield: three large blast furnaces with
capacity of
all standard $augv. railroads and their branches in the States 140 tons
each-per day, situated at Sheffield on Tennessee
of Nebraska, Kansas or Colorado, or the Territories of
River
at the head of navigation below Muscle
Wy¬
Shoals, with 00
oming or Dakota, and the property and franchises appur¬ acres of land in the town of
Sheffield, and several hundred feet
tenant thereto, of which the first
party may become tin* of river front on the Tennessee River : the site for furnaces is
owner in
fee, and which it shall convey to the Trustee as most eligible and convenient for
operation and traiispi nation :
hereinafter provided : and all the bonds issued
by the Nebraska ninety miles of railroad well buiit. with steel rails, Av.
A Colorado Railroad Company, and the Grand Island
4 his road runs south from Sheffield, and
A
through the kinds of
Wyoming Central Railroad Company, and the Omaha A this company, ninety miles to a
junction wit!- tit- Georgia
.North Platte Railroad Company, which are described in
Eaoitic Railroad about
the
thirty mil“s from Bunn ngham. (’onmortgage, and all of which satisfy the requirements below, tract will be made
upon favorable terms wit h that railroad for
amounting in the aggregate to $11,784,400: and also all the running of trains of the ■s
fa ilr■oad mi,
umingother 1st mortgage bonds owned by tic first
party and issued ham. This road also runs tiin’O1 tgh immens e d e po-1 is of the
G
on railroads which
are
extensions of its system in the said
Slates and lervit. m'.c
w
shut! heivalter be
deposited with
the irush*;• : provi i-. d said bonds U ar not less
than five per
cent interest amt do not mature
bi-fore May i, HUT-, and are
secured by.-a hrst mortgage upon the iabroad
properties and
franchises; and provided, further, such bonds shall imt exeeecd
$*20.oii0 per. mile for single track rail mad and $10,000 additiotia! for second track, not including
!e and spur tracks.
TIi - til'st party may also
convey to the Trustee
IW
•>.
best brown la-mu1 it*- :n>a ore. in 1 rankiin Cm
;nty, tv- i ■illy ii v e
miles south of Si a iff-Id : t hi.-, >!', ‘ sit ovvs ahoilit •'
( ' i Cent (4
.metallic iron of superior quaiit y-: in ;additioti f O t :::.. i re 1 1 iere
•
.
i
;
L
is
an area
eoxeriitg the* iarg< •r pi irt of three or four nounit i< y
in Temiesset4
immediately north of Sheffield.
‘ntaming
almost im ahau.-dihle quanlit i•
of similar ore
The LotiKvillc A Nashville Ikiilroae!
system now being exten'de i to Sheffield will
pass by s.-veral large ti.ie;1 of tiffs
Competition for tho d< livery of on- at Lheliiek; v' iil i>e
any other ore.
raiiro.ios of standard gauge, tree from
incumbrances, which veiy great., and it is believed tiiat this ore gu a rant * •! to run
are ex'-msions of
»f its
it own system:
provided the mileage of the 50 p( r com mt-iallie iron, eruslted and washed, can be ffelivrailroads
ads so eonveaad
eonvey<<1 to
to the
tin* Trustee, together with the mile- ere
the furnaces at Sheffield for si 77>
perfe-n <>.''7,2IU
age of the railroads bv v liieli the
ffepo-iteff bonds are secured
]n-ssibly something less : and it -is licit; ved {.hat
shall not exceed Lao!) miles of slngk t rack
n »k‘alelivOrod
and an equal coin
at the
furnaces at Sheiii. Id from the
amount of secoml track.
lauds of the
company
at
s2 50 per ton.
about
It i , believed
The Iirst party agrees that all its
rolling stock set annrt for (hat the location of Sheffield ;>n tlio Tennessee Riv er,
use (»n its railroads in tlie
giving
above-mentioned States and Terri¬ it adva.ntag'-s of river
transportation by steai!il«oats ami barge
tories shall lie suitably designa'tcd. and the Iirst
pariv herebv lim-s to the Western and N rtisern marki-tsnt St. tbouiA. Louistransfers to tlieTruxtee such
proport ionatc sliare of said «*(juii;- viiie and (’incinnal i. ;md-railroad com
pet it ion by t he Memphis
nient as the mffe.of tiie railroads now or
hereafter covered A' ( hat lesion and the Louisville <fc Na-diville Railroads,
and in
by t!ii-»instrument, or by the mortgages fo secure bonds de¬ view of the m ani'-gs a»*q
;f stiof-iior !<rowi: :| n
I )ii»
posit ,(i with tin- lYuMee. hears to-thetotal mileage of tlu* roads tile <>re, and tim
jiriei* ;ff which coke can be delivi red at JSJn fof the Iirst party in said States ami
ffcld. that Sheffield is th** most available
Territories.
place in the country
for makingcoke iron at a good
THE BOND.
profit. Besides the large amount
■
■
Nebraska Extension
Pn(i\
Mortgage Snikffig Fund
Bond.
May ‘2, 18s7.
l>rn»),;i,lotion.- < •ca]!(.n.
.000 ; ivusff-ml. t>.",000.
A:iV)-n! Axihorizitl—sJO.0.00
ger mile for snuff* track ivrel
and
jfff'.OOO per mile. jufflilionai lur sect n-t tra k. ..or
ineliulin,' spur
♦Cel side irsek-t
mur,V( (l its h«T< BiUff>n> slli llliOed to the t: u-lee
;
fiul.al.se an anv -iinr equal 5,t
par to the affr. gate aimeant of
U thqueiff d vv itli the.
trustee,
CoKiuoior lU'i/istci’Ci!.—t'oapoii uml registered.
C'l'qiu:! Bonds muv he
n -Ltmvl as to
pr.nGpu', 01 live of them may 1>‘- exelaiMjred lor a
t'< eia>-red
-
Bond.
*
Jnhr a Poi/uh/c.—Tln' la<en ,-t is not to e\.
< e 1
1 \ or e< m
par annum,
and is pay,due May ! t; d \.»v ember
1, in ia vi'ai money oi tin?
Lu t-d Stains' o! A-o' rim. at
y>ie * UB-c *>r i
«• nipau v m Bo-mu,
M.i.' s,, or at irs
agoney in Xi-w York City, or vrnerever eLo tinnirwmrs may design a e.
rri ri-ioi
ffv.;-Tlie. priticvoal is payable May 1. 1927, 'in lawful
tnoiie.y <»! mo Buffed stai s >l Aiiieri a at tin office
o! tho eonu-auv
III Ihi'ti
.
11, .‘.a -s.
Sinks,rt
.
*
y,nr!.~ Tie
*
fir- t ])a-ty a saves to set. .i-idc on
Mav 7 j,, eacll
year a sum.equdt » one
per e.-at ot the p.ir vain • o" all the innd m*uu.-tor, titui apply tlu- wine t> the Mir ha-e ... >,„-h i-n.-d*
at a price a >! e .e.-.-d
n ;
lio -;-:d ; ( ei-m-d inter,-.s‘.
But- it in reJide.
I’m-re Miali nof Be >iiffi.-ie)ir temh-rs to
B).
rti-emeat
Jib
Q e cus, tit«* an.met t u-reo'' am-vpemle [ sh.di .)•tiu ueil t„e, lie eomna
i.\ s -eui-ial iu.hIs, and t i.e.
o'»jig.:ti« U ! * purr .aeonds
the.eoitii shall eease. 4; >;< K imtc'c.-.s d
duill Be eanCe
IT''
eh.
of mineral
freights, coke, coal and brown ore and lumber (he
Sheffield. A Birniingliam Itailrojul will haul to Sheffield
and
Birmingham and red ore (to mix) from Birmingham, to Shef¬
field, it is* expected that this road will do a large business in
hauling produce and general merchandise, delivered
to ii b>
its railroad and river connections.
A glance at the map in
tin* fu csluts' tiny/eVvwnt will
show the location and
importance of this.road; it is now com¬
pleted fifty-tv.-o miles, and the balance under coni fact,
except
few miles, and is being
completed rapidly: ami" when com¬
pleted and reasonably equipped, for a new road will have on it.
a bonded debt of
only $15.out) per mile of first mortgage (» per
a
I
and $ iO.iiOU per mile of second
mortgage (I per
: $ i ,('00,000
of iirs! .mortgage (> per cent bonds
haw- l i eu placed on the furnaees attd Low n
property at Shcflicid. and on the 7o.oo() acn s nj; mineral hums am
mineral
cent
e.qit
on
bomb-
rights, wit.!i a w'ffk. fund to he put at interest of Uv ; •; ton on
coal nffm»d and 5«\ per ton on
pig irmi jn tde at i mw ;; run res.
Tite money to con ink-te furnaces me 1
ajipurtcmmc: s. qien eoid
mines and Bn:!-! roke ovens has been
provided for 1 >v sub¬
scription
i.o
furnaces-
is
ihe
aeove
being
pu
bonds, and tin* werk. of n.aijf 'i ing the
bed. C tord<»n, " St robe l A Laurean of
keieieiff:; ha \ e i Bn: cotitraet for their
I) j'luit.
-1
construction; otic to
Tn case of default of
or interest of any
principal
»e eooiolefeff oi] At.ril
hill, !"Gs, } he sj.-cond <»n June lit!), iS’ff.S,
of t!»e Ixnuls- secured he re-be. b.-r three
numths, the atul tite third on August
Irtish':• -may. and
Uth, 1888: and it is believed t!tut they
upon the written ‘request uf tin-holders of
will come whiiin tint ti'iu*. Iron men
1-10 of lhe
s;ty tinit with the pres¬
bonds shall, sell at public
outstanding
ent price.-* of
tioii all
lie bonds
pig iron there D at l-.-ait Si UO net profit per ton
lieh
as
security
(but
if
tire
in said bonds shall be
obligors making nig iron at Sheffield.
The capital stock of the Sheffield A
deem d ocst, sluid insteadi]l detault, tin* Trustee, if ii is
Birmingham Goal Iron
take proper legal
proceedings to A Railway Company is $7/275.B-ffi) j/referred slock (oi ,125,fitK)
force1os tho
mortgage
'bonds
by
whichtiio.se
are
secured); and of which is in the
if permi
Treasury), and $1 .UOUffJffO of restricted com¬
b‘d i>y law ioreclose by sale, and if not so
jiermitted mon stock. The officers; of the
} appropriate legal
Company arc : K. W. Cole,
p oceedings. auv railroads that mav he
President.Zxashville. Tenn.; A. Parrish, Vice-President, Phila¬
subject to this indenture. The net
proceeds shall be ajudie-l delphia. Pa.:
to the
ih-ni v B. Tompkins, Vice-President and General
payment ratably of interest and
principal of the bonds Counsel. Atlanta. Ga.; \Ym. S. Jones,
secured hereby, whether due or
Secretary, Nashville,
not,
'
dcim,; biius, D, Wood7on. Tr< usurer, Sheffield. Alabama,
G any
,
,
.
.
'THE' (
442
XLV,
( VOL.
BKONICLE.
COTTON.
Cxmiraeranl rj£imes.
gjlre
COMMERCIAL
EPITOME.
Friday Night,
market seems to
The money
Sept. 80, 1887.
complete relief
have received
Friday, P. M„ Sept. 30, 1887.
Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week endirg
this evening (Sept. 30), the total receipts have reached 288,745
bales, against 187,740 bales last week, 126,041 bales the previous
week, and 85,437 bales three weeks since, making the total
receipts since the 1st of September, 1887, 654,776 bales, against
3^9,325 bales for the same period of 1886. showing an in¬
crease since September 1, 1887, of 265,451 hales.
The Movemint OP the
adopted by the Secretary of the Treasury,
and trade has assumed a better aspect. Speculation for the
ris3 in staples of agriculture has shown more vigor and activ¬
ity, without, however, accomplishing any very important
results.
Little is heard of labor troubles. Measures looking
to a reduction of Federal taxation are actively discussed, giv¬
ing promise of possible results in the not distant futu e. The
weather has been rainy, delaying cotton picking, but favor¬
from the measure
ing fall seeding.
speculation in lard for future delivery was quite active
early in the week and prices made a slow but steady advance
Mobile
Florida
....
....
7,558 10,320
Savannah
Brunsw’k, Ac.
....
4,C93
3,061
5,863
4,193
Charleston
8,974
....
....
—
....
9,506
5,384
36,781
....
...
7,862 12,000
60,319
445
H,9C8
1,127
8,032 10,563
1.C85
54,958
018
886
....
Total.
....
6,078
9,624 11 039 147L6
2,317
1,570
1,072
Orleans...
New
Fri.
4,052
....
....
....
....
5,936
3,395
4,969 13,043
Galveston
Endianola, &c.
Tfiurs.
Wed.
Tues.
Mon.
Sal.
Receipts at—
1,1*7
....
3,372
6,359
1,085
28,351
85
85
l55,j
The
down to the
yesterday’s busintss, but
close of
improvement was lost,
the
the spot
dull and weak at
Laid
on
the bull party having
to the Continent
Satnrd'y.
“
“
February44
“
Meli.
6-68
664
6 64
6 6.)
6*74
6-80
Pork declined,
OF LARD FUTURES.
Fridr •
Movrf’u. Tuesef’y. Wedns’y, Thursday.
6 75
CLOSING TRICES
DAILY
Dec.
January
retired.
advanced on a better demand, but closes
6'70c. for prime city, 6,80@ 6*87^20. for
prime to choice Western, 7 10c. for refined,
and 7*43c. for refined to South America.
October deliv’y
Nov.
“
to-day most of
,
6*75
6*70
6*70
6’75
6-80
6-iS
leading to
6 76
6-71
6-70
6’76
682
6-90
more
6-81
6*75
6*75
6 "8‘2
6-81
6-87
6-8 2
6-9 3
6*95
6'9 6
6*77
6*77
business, but the
671
6*70
6-75
6-82
6‘; 0
Pt.
Cutmeats have been
quiet and at the close are decidedly lower; pickled bellies
924(a) 100c., shoulders 5,006c. and hams 11340 12l; smoked
shoulders 7070e. and h mis 13013,0c. Beef remains nearly
nominal; extra mess $7(71 $7 50 and packet $7 500 $8 per bbl ;
ludia mess $10 50@$12 per tee. B ef hams dull at $16@$16 25
Tallow closes quiet at 40.4 1-lGc. Stearine is lower
per bbl.
at707:0>.
Oleomargarine is quoted firmer at 600 G0p.,
Norfolk
2,276
2,546
4,0 16
4,409
2,062
3,250
3,234
1,093
West Point, Ac
Baltimore
40V)0c.
towns from
•
....
•
•
33
33
2,429
2,030
3,913
19,609
4,723
16,382
100
100
101
G36
....
59
....
....
....
•
3
4
8
12
22
22
2
29
....
$
47,777 239,745
33,782 50.337 42.226 33.741 30,932
Totals this week
table sn* > wing the week’s
1, 1887, and the stock
For comparison, we give the following
total receipts, the toial since September
;o-night, and the same
items for the corresponding
periods of
last year.
Receipts to
Sept. 30.
Galveston..
.
Since Sep.
This
Since Sep.
This
Week. |
1,1887.
Week
Mobile
Florida
Savannah.
36,764
118.131
33,819
117,392,
54,803
60,692
60,319
6, -i03
1,127
133,877
34,032
20,7 L4
3,369
3,059
83,246
6, ,80
44,913
4,451
54,958
166.425
37,495
72,202
8,292
2,07a
102,941
89,098
51,865
..
38,496
1,085
*6,524
900
2,OoO
91,978
24,301
50 317
43,838
85
*1,243
504
818
81
469
12,317
35,723
9,054
12,8i 3
24,527
11,679
136
25
51
41,23 i
9,849
Pt.Royal.Ao
'Viluiingtou
.
33
M’head C.,Ao
Norfolk
W. Point, Ac.
Vow York
19,609
16,382
9,636
1,606
15,637
2.096
17,247
32,961
100
100
784
801
47.004
201
5,000
...
Boston
Baltimore
.
17*550517 70c.
dull and
day was quite d< pressed, closing with sellers at
for November to July.
Coffee on the spot has been
weak, with fair c ugoes Rio quoted at the close down to
and Java lias sold at 21
23c. Raw sugars have been
fotal
at
677
156
22
46
209
712
1,489
25 21
953
4,417
131
238."45
654,776
$
1
759
636
23
Phiiadei’a,Ac
at impioving
turn, and to¬
540
28,351
Br’sw’k, Ac
Charleston
1886.
1887.
1, 1886.
Ind’nola,Ao
New Orleans.
aiock..
1836.
1887.
The swine slaughtered at the principal West¬
March 1 to September 28th numbered 4,660,-
4,765,000 same time last year.
The speculation in Rio c »ffee was fai/ly active
valius early in the week, but took a downward
00^, against
120
....
....
Philadelp’a, Ac.
doing.
Butter is dull at 170:20c for creamery.
Cheese has been quie'; State factory full cream, 10012c., and
ern
356
Boston
1,S30 -12,317
....
....
....
1,878
....
....
....
New York
with little
skims
1,837
2,743
2,355
....
....
1,674
Wilmington ....
Mb reh’d C.&c.
close i
new do.
$15 :25015 50, prim
dull, old mess $14 5O0$14 75,
$14 250 $14 75 arid clear $16 75@$17 50.
Royal, Ac.
....
....
....
....
86,(587
5,509
5,805
9,627
330,033
156.463! 3«9.3^ 377,0-9
recedes made by ihe addition of 1,130
bales
made with other years, we
leading ports for six seasons.
1882.
’orrections of previous
Brunswick and 164 bales at Fort Koval.
in order that comparison may be
give below the totals at
10.0c., Receipts at— 1887. 1886. j 1885. 1884. 18^3.
vari¬ Galvest’n.Ao. 36,784 33,849 27,432 23.401 27.781 30,216
27,991
39.356
30.156
able, closing stronger at 4 13-160 4/0;. fir fair refining Cuba
29,185
34,032:
60,319
13,533
6
818
6,46
4,014
3,059
and 5 7-16c. for centrifugal, 96 degrees test, with a large busi¬ Mobile
6,908
33,633
31.501
41,28
42,501
37,495
54,958
to-day, including a cargo of Brazil 4004 ll-16c. Mol¬ ■Savannah
30,409
27.690
31,912
25,11 4
24,308
28,436
C larl’st’n.Ac
is quiet. Rice very lirm. Teas in steady denmid.
7,517
4,734
6, 7«
5,696
9,079:
12,350
Wilm’gt’n, Ac
20,675
15.253
The sales of Kentucky tobacco for September were 2,038
19,126
14,067
9,696
Norfolk
19,603
6,424
6,4 9
6,754
9,7n4
hhds., of which 1,033 for export, at s'eady prices. S ed leaf
1,606
16,382
Point, Ac
4,483
2,84
4
3,i4
4
1,61<>
2,841
2,999
tobacco^ continues active, and sales for the we k are 2 9d0 all others
179,853
165.46 1
cases, as follows: 561 cases 1886 crop, State Havana seel,
156,165. 159,663, 1J8.721
L’ot. this w’k.' 233,745
4,968 476.840
8@20e.: 395 cases 186 crop, New England Havana s ed,
Rent 1 J 65 4,776 3S9.325j 435.123: 425.64b
ll@40c.; 100 cases 1885 crop. do. do., private terms; 2ft0 cases
ludlanoia; ijnarietuou includes Tori Royal, AC.;
1886 crop, do. seed leaf, 13020c.; 250 cases 1SS5 crop, Wiscon¬ Wilmington includes Moreh’dCity.Ao.: West Point includes City Point,Ac.
The exiHjrts for the week ending this evening reach a total
sin Havana, private terms; 600 cases 1886 < rop, do., 7 a) 17c.;
of 131,445 bales, of which 92,617 were to Great Britain, 129
300 casts 1886 crop, Little Dutch, 9011c.; 800 casts H86 crop, to France and 33,700 to the rest of the Continent.
Below art
Ohio, 7010c., arul 200 cases sundries, 7035c.; also 400 bales the exports for the week and since Sep e abac 1, L897.
L, lHr»7, to Sept. 30,1SST
Sept. 30.
Havana, 600 $1 10, and 350 bales Sumatra, $1 400$1 75.
Exported
Spirits turpentine is sparingly olfered and* firmer at"33c.
Exports
ToUt
Rosin is firm at $1 12001 190 for common to good strained.
from—
IS,028
Tar dull at $2 10.
Tne speculation in crude petroleum certifi¬
3.800
14,°28
3,800 14,714
10.914
jaiv..ston
ioo
8,583
4,815
39.702
cates was dull, until to-day, when there was renewed activity
3,700 18.783
15,083
Orleans
5,103
5,103
5,103
5,103
anti buoyancy, closing at G3;0069;0c. Hops have continued to
20,205
meet
ith sem j exp >rt demand at 200 32c. for prime to choice.
8,50 L
11,7 04
8,501 20,205
11,704
-tavannah
32,443
17,880
Clover seed sold at 70070c. per lb. for prime to choice.
13,080 21.053
8,573
9.800
9,800
4,700
Ocean freights were fairly active in the shipment Of corn
7,150
7,150
6.S00
0,3dO
*ew Orleans.
i>
ness
...
asses
W.
...
43
Since
.
»*rtivesiou lueiuilen
From Sepi.
Ending
WeeA
Exported to—
to—
Great
Brit'n.
France
.
New
CcniU
2j tal
Great
nent.
Week.
Britain
Conti-
Frain
r.
nent.
...
52,
..
dobile
(Tlcrida
w
14 503
Caarieaton
..
4 700
Wilmington...
...
Britain and wheat to die Continent, bat rates
low and the close is dull, at 20 i. to Glasgow and 2d. to
Metals have bren dull, bit; yesterday there were
to Great
wrere
Hull.
large
speculative dealings in ing it copper, mainly at 10 40c. for
October, but including a line for April next at 11c.
Block
tin is rather firmer, and so is lead, but spelter is dull and
iiominal.
Norfolk
West
New
Point,Ac
-
.
8.860
24,-77
4.7011
110
4.9 >1
5,1 >4
55,ul2
1! ,:-03
2.93 L
2.025
649
3,580
5,1 47
15.3s!)
York..,
Boston
Baltimore
.
,
■
5.104
5 104
128
847
15,252
199
049
‘
2,0 £5
6,561
92.617
39,700 131.445
186,287
5,661
54,804
Total
128
Total 1886...
4J.1S5 12,741
12,074 08,000
113,353!
2..S04
21,431
eniladelp’a, Ac
»
5,I'M
72,041
11,502
5,770
0.561
.
240.813
October 1, 1887.
In addition to abo^e exports, our telegrams to-night
us the following amounts of cotton on shipboard, not
at the ports named.
We add similar
which are prep ired for our special use by
& L imbert, 24 Beaver Street.
©' ®
a
3
£5
or*
®
5-
2.®
?:
Sept. 30, AT-
Great
Britain.
France.
Ooaetvoiee.
Other
Leaving
Total.
Total
26,2.3
10.898
974
31,949
None.
None.
None.
None.
6.500
2.500
1.500
5,000
26,500
1,700
15.700
37.800
None.
None.
150
None.
1,277
None.
8,915
3,600
6,100
1,000
None.
None.
17,494
10,746
5.500
9.000
Other porta
10,0 jO
9,736
Node.
5.3 »0
New York
14,346
11,750
51.297
6.180
2 s,138
51.298
27.1 >7
2,90 L
35.254
10,351
4.500
27,086
64,891
50.265
Total 1886
Total 1835
45,775
13,396
19,689
50,765
S lCl
15,487
16,027
18,205
23,503
6.* 47
13,283
!
to
71,#. ! ”
p lb
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Ordinary
Strict (bind Ordin try
Good
I
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!
Low Middling
Strict Low Middling...
9l»,«
9f°i«
9
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STATNED.
;
.
Good Ordinary
flurict Good Ordinary..
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8ylH
8%
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9
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9%
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10% ■
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to
©
?
to
33s
81 :h f
q
—
..
1
:
77lh
i»
fi
9 .t,h
615;g
wa-i
©£
<0(0
•
7
7 h
6
?
^
t
^
® •
I
>
<
I ®r-‘
—
Strict Ot dir ary
Got <1 Ordinary
Strict G od dnlit ai v.
Low Middling
Strict Low Middling
Middling
Good INIit 1 il 1 i4iir
Strict Good Middling..
.
2
X-®
5
S'
.2
*4
x— e-
o
cox_^
CO
CD
with only a moderate demand from home
spinners, and,although stocks continued very small, quotations
were reduced 1-16c. on Mmday and again on Wednesday.
Yesterday good middling was quoted 1 10c. lower. To-day
there was a general decliue of 116c., middling uplands clos¬
ing at 9f<jC.
The toial sales for forward delivery for the week are 458,3 0
bales.
For immediate delivery the total sales foot up this week
2,818 bales, including 10 for export, 2,808 for consumption,
for speculation and — in transit.
Of the above, 321 bales
were to arrive.
The following are the official quotations for
each day of the past week—S/pt. 24 to Sept. 30.
6J5
cr;
CO
'
11
c
the spot has met
Th.
;
®
i
1
quickly recovered, and
j
a
©*
tO
1
"Jo
mand to cover contracts, especially by Southern operators who
had sold short in view of toe prospective free movement of
the crop.
To-day an early decline was
the close was dearer on a demand to cover contracts.
Cotton
i
tp •
to
•
d §)
x
cog
partial recovery on rumors of frost in the Northern Belt
But these prove unfounded, an i on Monday there was a de
cline with a weak closing under unfavorable foreign advice
and the very free movement of the crop, causing some of oh
bulls to lose contiience.
OnTuesiay a weak opening w a
followed by an advance due to the continued heavy rains m cue
Southwest and especially in Texas, with the strofig probability
thatdauige hil been do le, as was the ctse at about this
stage of last season. On Wednesday there was some strength
in the near positions hut the later options were weaker.
Yes¬
terday there was improvement in the later dealings on a de¬
rlloii Tuen Wed
•
d:
^
11
1I
a
!
p ‘
to
speculation in cotton for future ddivery at this marke0
opened somewh it depressed on Saturday last, but th*re wa
| Sat.
•
O-.O-
The
UPLANDS.
^
^ 2.
coco
on
ct-
--
©cS*
240,029
** 20,093
90.00 4
10 ,593
;
*-J •
®
J5
©*cp
®
229,453
149,231
i
.
^A
®
d
vj
•
5^5
^3
•
^
Jq
-2 <
-ft
1887
'-'r®
.
©C
New Orleans....
Mobile
Charleston
Savannah
Galveston
Norfolk
Foreign
S'P rc
® •
Stock.
r-.*
P
•
!
.
X ®
■
•
a:
T?
i*
CD
o
p •
*5 ®
® £5
® ®
CC® x ©
CO
•
©
S'®
X -o
c
® ®
X
-f x 3
—
2.2.x
o
X £5
.
>i
Shipboard, not cleared—for
P
s
rr s
T®
gCD
e-t-A
Z
"5
I
033^®
0-C3J2.
2T
2.E. ©
x ®*®”“
?!
cleared,
H
H
*3
also give
figures for New York,
Messrs. Carey, Yale
On
443
(JHRONLGLF
THE
J
'c
CD
-
Ac. ©
c
C- *-
«■
-i
,1
o -j
q
-
5>
<5
®
®
>1
market and sales.
CD
0^1
o
The total sales and future deliveries each day during the
week are indicated in the following statement.
For me con¬
venience of the reader we also add a column which snows at t.
glance how the market closed on same days.
SALES OF SCOT
spot market
0 LOS Cl)
port. sump
Bat.. Easy
Mon
Ecu V d
316
4^2
457
....
%6 tine
..
Tues
Ea>y
Wed
i^uiet ft 1 !•> dec..
Tuur* Easy rv l‘cV. quo.
Fri
Easy a 116 dec -.
....
10
38)1
....
....
i
373
dll be
....
...J
467
12o,2i)0
66,100
....
385
795
373
....
2,818
mm mm
mmmrn
foi
included in the above table, and *ha!l continue each
the average price of futures e.icn <i;ty for each mouth.
found under cadi day following The abor.viariou *• Aver ” The
It
give,
mm of table.
*2 c.; Tuesday,
Friday. 9 25c.
eries.
following exchanges
have been made during the
....
....
....
62,200
453.300!
delivered the dty
Prices of Futures are
ing comprehensive table:
low Sales and
06,000
1 I
veras^e for each month for the week is also ^iven h.i t»<*>
Transferable Ortlers—Saturday, 9‘4oc.; Mondi v.
•25c.; Wednesday, 9*25c.; Thursday, 9*25c ;
The
deliveries given auove are actually
yreViOUb 10 taat ou whimi r.uoy are reported.
Tb.r3 aa'ly
Sales.
316 30,400
482 104,800
mm mm
....
FUTURES.
Deliv¬
....
....
,
Total.
....
795;
102,308!
Total.
id'Cn
lYaneit.
shown by the
:
We have
,'een to
AND TRANSIT.
Con-1 Spec-
Ex-
§>:
S';
i.0
pd to exoh. 400
Oct. for Sept.
Jan. for Oct.
for Apr.
for M <r.
>2 pd. toeXch. ^O"
>2 pd. roexed 20o Oct
,f. pd. to exch. 2 00 Jan.
H> ,»d. to exch. JUO Dec.
,1 p.J. to exch. 100 D ic.
Iveu l,3o0 Oct.
for Jan.
tor.I an.
tor Nov.
Cotton to-nitriM. ...,n«i telegraph, is as follows.
The CntitPo
hose for (4reat Britain and the afloat.
t •
ml consequently all the European ngm- .o Tnursuay evening,
But to make i The Visible Supply of
week:
JunO.
'09 pd. to mi'li. *.OU '! t. for
•02 pd. lo nx.-n 5 o bm. ror Oct.
•‘20 pd. to e x • -11. : 1
Oec. for Sept.
•15 pd. to e m*. i. •••»■• < )'• t. for M tr.
■2 i [id. n> exeii. i OO i tor A or.
5 o Nov. tor Juno.
•-iti pd. loci'
"o-
up
i»y
'»'•«»h>
cable
well
M3
Vs returns,
limught down
^
the
tKJUinicte
CHRONICLE,
THE
l
441
figures for to-night (Sept. 30), vve add the item of exports from
the United States, including in it the exports of Friday only.
1880.
1835.
1894.
bales
*508,000
40,000
377,000
23,000
430,000
22,900
532.000
68.000
Total Groat Britain stock.
Stool: at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
548.000
4,800
4 "'0.000
1.300
452 080
3-190
45,9-JO
20.790
16.000
31,600
6f 0.000
4,0 '0
53 80c
1887.
Stock at Liverpool
Stock at London
T jtal Continental stocks
300
1.2 0
104.000
6.000
40.000
14,000
11,000
15,000
250,390
224,500
Total European stocks
India cot ton a Moat for Europe.
Amur, cott’n a float for* Eur’pe.
R-W/sOO
114,000
624.500
67,000
1C 0.000
11 0,000
Egypt,Brazil,«fce.,atlt forET’po
1,000
377,089
97,99 :
15,000
33t ,033
59.574
21.457
8,250
2
Stock in Un't-d states ports..
Stock in U. S. interior towns..
United States exports to-day.
31.000
400
33,000
1,60 i
4L000
9.000
2.30C
19 t ,000
.5,000
28,000
11,000
9,000
12,000
250,709
353,900
pot
120.000
4,000
*
053.900
8 8.OCX
93,001
12,090
3019)12
38,259
702,700
37.«>00
8 LUOO
2/ 00
323,671
56,114
2,100
6,95 J
are
142,018 bales
1,005 012 1/203,357 1,206,885 1.401,701
Of theakove, the totals of American and other descriptions are as follows :
more
than for the
same
time in 1886.
Quotations for Middling* Cotton at Other Markets.—
In the table beiow we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past ween,
Wed: ending
S:/pt. 30.
!
f
CLOSING QUOTATIONS FOR MIDDLING
Sat nr.
Savannah.
Charleston.
Mon.
87m
9
ialveston...
tfew Orleans.
Mobile
8 7*
8 1"*ig
8ir'Pi
81-Ao
..
9
V or folk
9-1(5
Joston
Baltimore
V.
Tucs.
Thun.
Fri.
8^4
8-k
8 :!i
8^4
81510
81:;]o"'( 'd
8 '8
8-40
81::ie
8 7s
8*s
8:i4
8-U
91;,;
9
9
!:o
81 -;
8U)I0
9
934
97«
S-kj
9^
Philadelphia.
9 7s
C, 7„.
9~-
Augusta
8.-4
S :,4
815 io
8 "s
8N
8ss
!-j
-7
Memphis
SI'].;
Ljuis
Cincinnati...
81 Ac,
9ab
Louisville..-.
‘1
'
8"l
fc ;14
-h
9 >4
9 x8
ON-
Wed ties.
9:4
9h
S:V
COTTON
S-k
84]
SU*U5
.
9
.
Wilmington..
it
Total visible supply’
XLV
The above totals show that the old interior stocks have
increased during the week 32 700 hales and are to night 30,422
bales more than at the same period last year.
The receipts at
the same towns have bven 41 923 bales more than the same week
last year, and since September 1 the receipts -at all the
trwns
22.000
2 no
0 >0
152,000
2.0J0
13,000
5 000
[VOL.
8*1;,;
81
34
SI4
SA
8 '-s
9 *4
9’-7>
.
87s
9’4
9Hj
Cls
-
-.j
8 1 1
8 34
878
9r,8
9 !m
97m
978
8
8
8-4
4 K
LG
8L
8!:4o
9R
9ib
9
914
•
A it) cried n —
323,671
172,1'- C
92,0 r
301.612
56,114
36,239
2, tcO
6,1-50
1,018,142
822,857
888,185
900,801
265,000
4l ,0 )0
172,000
24,000
103,500
151,000
22,000
1< 6,700
37,000
243.0GC
160.000
377,689
97,996
Liverpool stork
London stock
Continental a oeks
India alloat n»r Europe
18 4 820
114.000
83,000
.
67,0(0
15,000
21,000
Egypt, Brazil, &c., afloat
Total East Tndia, &c
Total American
2 89,00f
1 14.000
24.457
115.000
Continental stocks
Ameri< an alloat for Europe...
United States stack
United States Inteliorstocks..
United States exports to-day..
Total American
East Indian, lirazil, iCc.—
.279,000
205,000
121,060
I(M»,000
3. 0,033
58,574
8,2? 0
bales *243.000
Liverp«ol stock
587.800
38**,5 >0
1,018,142
822,-57
888,185
590 0 '0
9 0.8 1
Total visible supply
1,105,942 1,203.357 1,200.685 1,491,701
5~1I d5^d.
5;h d.
Price. Mid. UpL, Liverpool
f 0 i i>e.
9kic.
91*jc
ICis
Price Mid. Ul*l., New York....
*
*
■yvli
C^“T]ie imports into Continental ports this week have been
10,Out) baits.
The above
figures indicate an increase in the cotton in right
to-niglo o' 102 c<) bales as compared with the same, date of
1880, an iu> rease of 30'.),057 bales ns compared with tho cor res¬
pond ii g date of 188.5 and an increase of Ilf,211 bales ae
compared with 1884.
At the Interior Towns the movement—that is the
receipts
for the vyyek. and since September 1, tee shipments
week, ar e the stocks to-night, and the same items
for the
for the
corresponding period of 1880—ii ust cut in detail hi the folio wowina stateroom.
»>
2
tc
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cc tc c- cr c; r
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Tlu) I1inm*s far Louisville In botli
years are
Tu:s year’s
m-*
figures estimated.
“
o;>
“
30
1887.
1885.
11,605
30.025
12,153
19,270
20,173'
47.590
39,3 9
42.5s 1 S3.137
7M'1*> 126,041
17,308
45,29
53,081
.....
24,234
25,0811
3,1.971
J,t43
111,S73 106,001 1S7.7 10 '52.512
15*,660. 150,<0') ojs 7 17 71 .''Sa
S
|
j
1887.
j
1886.
1885.
23,256- 1*2,624
23,79.3 27 P,i)
12,27)7
21,037
49,757
31,751' 01,156
47.0 9
50 862
52,512; 91.331 73,020
•
ni
j 1887.
19.540
39,846
96,393
143.799
5 '.731 82,551' 189,3 1 111,47 3 217,7>2
72,0*4 113,901 179.093 170,3s 5 275,152
The above statement shows—1, That the total receipts from
he plantations since September 1, 1887 are 7!3.907 bales;
n 1886 were 413,919 bales; in 1885 were-491,160 bakes.
2.—Th- t. although the receipt s at the out ports the past week
"•'-•re 238,745 bales, the actual movement from plantations was
275.152 bales, the balance going to increase the stocks a- the
ulterior towns.
Last year the receipts from the plantations
for the same week were 179,385 bales and for It85 the-' were
179,033 bales.
'Weather Reports by Telegirai'il—Report? to us by
telegraph to-night indicate that rein has i-.U rfo'rod with pick¬
ing operations in some districts during 'the week, but more
pardcuarly in the Southwest. With these e;o''>p?i<ins the
gatlieiing of the crop hr s progressed f. v< r 3 ! v, r»r-d the mar¬
keting of ihe staple continues on a very lib'-ral t.eaie.
Galveston, Texas,—Yve have laid rain on fouie d pvs of the
week, the rainfall reach mg one inch and forty Imndrcdtlis.
The ihennometer has ranged fiom 57 to 85. aven ging 74.
Fvlesiine, Leras.—It lias rained hard or. ilirec da vs of the
week, the rainfall'reaching one inch and cigli-y diree hiiiidredths. Average thermometer 65, hi-.-.hrSt 80, 1-ca j.si 52.
hmtLsciUe, ie.vas. — Picking lias been iiitom»pt.o-d .by the.
rain, whicli has fallen on three days'of the wockfo the extent
of two inches and thirty-nine liundr* dibs.
The tin :mometer
has a veraged 72, the liighest being <8-5 and"the iow< st 51.
Dallas, Texas—We have 1 ad heavy rain.on one day of the
week, suspending picking. The rainfall roaci ed c wo inches
and thirty-three hundi’e iths.
The thermenut;r has averaged
18. ranging frofn 52 to 86.
Austin., Texas.—It lias rained on throe days of the week,
the rainfall reaching sixty-five i in d?ohkj of an inch.
The
iherrnometer lias rang, d from 50 to 84, averaging 74.
Lulinff. Texas,—Hard rain on tv o days of the week has
interrupted picking. The lainfall roadie lore indiabd ninetyfive hundredths.
Average tlicrnn m ter 75, h gi: st 85 and
low< st: 57.
“not.”
the rainfall reaching one. inch and
The thermometer has ay eiaged 80. ran
Brenhcm, Tt-coas,— Four ('ays of hru
have caused a ccs-nlion of picking, T
w- I-*
.tc cr v-r c
61
■J
y
16
1886.
Coero, Texas.—-We have had rn?n on tw »*bpv
*•
--
.
ic
“
“
1886.
1865.
lcc.vr st 51.
-- ^ .-. !ti iS_
5.cc-4.’c7.5-.)^5
H*
^o
x
v
cn
w
>r
y
tc;
Sept. 2
Towns.lltec’pt* from Plant
Receipts at the Ports. St'kat Interior
■
c.
^
■O'*
7*
cc:; J-r-ix^-.
• t
c
c ~ -1 'j! cr
c.
Week
Rn-iiriQ—
ColombiaTp#xs.~Pickhig has 1 ten cm:k ch¬ u-pended on
‘The
are unt of xhe
hc.-M y cui s o;i foiird :\c of ih
rainfall reached tliree Indus and for y cighf ku >;r <itn.fi. Toe
thermometer P.as ayeiagvd 53, the idgh.M b. i: ;; vd end the
-1
w
5;
u
c
or..»
;
—*
j; cr tc
c; r. u. c►-* tr- C' r- 7.
‘C.
—
,
2.1 *
5
*
K* !
A
U-tC I. •id
v—1 C.'
-4 cr Cr Cl CC t'
-
kj
The figures do not include overland receipts ncr
consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
vhich finally reaches the market through the outports.
iatione.
.
Actual route: stock corrected by the addition'of 110,530 bales, of
< li 71,700 bailes Ameiirau.
*-*
following table
from the plan-
Southern
68,000
1-1 900
86.000
12 006
2,000
3 16.760
Receipts from the Plantations.—The
indicates the actual movement each week
iiy hi
-c
huudrcdiiis,
in ' j; i
7c* to 89.
1 rain dv- -ng* t he week
it
r.cr. ii:
: r* ached t wo
n cln s
at'i
The fhci I’oiuetcr has
thirty-feur luimlredtb-.
ranged from 52 to 85, averaging 73.
Belton, Tea a*.—It Iras mined hard ci die* days of life
week, the rainfall reaching o. e inch arid s x y-nine hundivdtliF.
Average thermometer 71, highest 84 acd lowest 49.
Weatherford., Texas.—We have had rain on three days of
the week, the rainfall reaching sixteen hundredth1-- of an inch.
The thermometer has
the lowest 45.
averaged 65, the highest being 85 and
New Orleans, Louisiana,—It has rained on or.e day of the
week, the rainfall reaching two inches and eighty-eight hun¬
dredths, The thermometer has averaged 72,
THE
1837.}
CHRONICLE
Shreveport, Louisiana.—Rainfall for the week two inches
Average thermometer 66 ; highest
32, lowest 54.
Columbus, 'MUsts; /;?/??*.—We have had rain on three days
of the week, the rainfall reaching two inches and twenty-two
hundredths. Average thermometer 02, highest 74, lowe.-t 42.
Lelmd, Mississippi.—Rainfall for the week, liv * inches.
The thermometer lias averaged 04, the highest being 80 and
BOMBAY RECEIPTS AND 8HIPMENT8 FOR FOUR YEARS.
and sixty--ix hundredth?.
Last week rain fell to the ext* nt of one inch
the low* s' 46.
and thirty hundred'h.s, the first eince early in August. The
thermomo er aver g~**i 70 1, and ranged from 08 to DO.
Greenville, Mississippi.—R tinfall for the week three inches
and five hundredths,
llie thermometer has ranged from 55
Clarksdale, Missossipp ■*. — It has rained lightly on one day
we k.
Picking is progressing favorably. The ther¬
mometer has averaged 00, the highest being 7-i and the low¬
inch and fo
*r
hundredths.
st
week to
dredths.
the extent of thiee
Tne the: himietcr has
77.
to
has fallen
two
3,000
3,000
1,000
1,0 00
hundredths.
The weather
is
2,000
2,000
89 and the low- s 42.
The following statement we have also received
by telegraph,
showim; the heigh: of the rivers at the poiuts named at 3o’clock
Sept..29, 1337,
ami S-*pg 30, 1386.
lo all
2,000 ,
3,000 !
5.0 0
3 OO0
2.000
3,000
Memphis
Above low-warer mark.
Nashville.......Above low-water mark.
Shreveport.....
Above low-water mark.
Viek-burg...,
...Above low-water mark
India Cotton Mo v
and
shipments of
ulment
cotton at
the week and year, bringing
from
all
70,000
57,000
7,000
6,(HO
212.000 :
141,000 ;
,
Europe
Since
Jan. 1.
Bombay
Ail other
ports.
1j«—• 1CCcol
1,028,000
-
1
Total
j
*
3 7 i,0t>e
1 102.000
8,00‘
Alexandria Receipts
176.000
5 On)
859.00 0
8,0' O 1,2"4.*
Liverpool and Alexandria,
we now
of cotton at
Alexandria, Egypt. The following
the receipts and shipments for the past week and for the
Alexandria, Egypt,
Sept. 26
This week
Since Sept.
1
j Since jj
'Sept. 1.
1
—
2 .COO
To Coni meet
Europe
1
i
6,<00
4 000
3,0001
lO.OOoll
!
,1
parison
1*87.
<:,o
1
}
2,0091,060
4.000
2,000
3.000
6.0C0
,
o!
32.9
SM ibs.
Cop.
Twist.
<1.
d.
i
II
>
)
5
;>
/
“
“
“
30
d.
7 4i
7 ha
7 i2
5 **3
s.
,
7r'njtf*8
8.
ft 6
ii
6
-I6
9
j
9
9
9
9
>
7i2 s6
5
7 h> 16
The Following
are
New York, Boston,
d.
|
,,
C<U>-
uptits
9
iz
nct
|
.17**/.
Shirtings.
A’g.26 T14 d
Sept. 2 7]t fi: )•'*,,
Ci it i t.,
16 7*4 it. 71 ~>..
: 3 'b <). 7 I j ,,
18- *>.
d.
d.
d.
Sh
h.
|7
o
5 ej
6*6^.> |.s 5
b^ts ,6*uih'fl,V * .is 5
5 la
j7
tZ 7 'e
-A ift
!
O’), q
the
,
(7
ft
t
<
.
t
r,s
’<4
Coil'll
8t4 IbS.
j
i
«L
Mid.
clings.
Uplds
6
C6
6
d.
6
6
6
<?■(»
ti
5:* 13
6
5R
5Tj
8.
0
5
7
r#
7\
■<56
0
7
7
d.
51*!
5 k
5:V|
k
5^16_
Gross Receipts op Cotton at
Philadelphia and Baltimore for the past
week, and since September 1, 1887.
N
Receipt*
f ro in—
V()RK.
K w
|
Boston.
Phil a dbmmi’a
Baltimore.
This
Since
This
Since
This
8 ince
This
Since
week.
S> pt.1.
week.
Sept. 1.
week.
Sept. 1.
■week.
Sept. 1.
S. Orlean.-..
s. :;r,i
22,30]
Texas
'.',*14
:;s,i;:3t
10,277
i«i»
!
....
2,';2'>
*
8,103
0,190
20
30'
for
r.o o
I.
Cott'n
42
Ports.—The receipts
2,000
Since
Sept. 1.
:
mo
Bombay have been as follows
the figures down to Sept. 29.
4,60.9
l.OUOj
|
Manchester Market.—Our report received bv cable
to-night
from Manchester states that the market is steady for both
yarns
and shirtings.
We give the prices for to-day below, and
leave those tor previous weeks of this and last year for com¬
42
4
5
4,609,
This
week.
A Citntar is its it>s.
100
1
1 6.090
3 <,090
1
This 1 since
week. ' Sept. 1.
I1
l.Ouu!1
!
20,r 09
32,000
2,70 j.
11,000
9
1885.
i
;j
30.000
56,000
This
week.
Total
1-86.
jl
Receipts (cantars'*)—
Exports (bales)
To Liverpool
two year*
|
1687.
2,293
3
arrange¬
Benachi & Co., of
receive a weekly cable of
corresponding week of the previous
*
»»
Shipments.—Through
and
Messrs. Davies,
are
Since
Jan. 1.
j
I
683,000
ments vve have made with
che movements
This
week.
1,000
7.8H
3
Since
Jan. 1.
4,000
3,:ns;
8
1885
22:;.or*
tos!!
4
INDIA
9-1,000
No.Caroiina
9
374,000
223,0 00
6,000
20,172
2,972
8
162,000
82.000
2,000
(U S :
1
102,000
99,000
1
So. Carolina
8
ALL
This
week.
Feel.
3
5
0
3\0''0
42.000
1886.
Sept. 29, ’87. Sept. 30, ’8*6
Inch.
28,000
follows:
years, are as
.Yiobi ie
Feet.
2
5
2
I
4
47,000
1
This
week.
1,520
2, 03
404
515
1,0 <3
3,272
!
‘
Florida
New Orleans ...-.-....Above low-water mark.
4.0 0
5,000
j
from—
Savannah..
Inch.
4,000
3,v 0 >
,
'
1887.
pleasant.
Columbia, South Carolina’,—Telegram not received.
Wilson, North Carotina.—It lias rained on two days of the
week, the niof.iil r* aching ninety-three hundredths of an
hu h.
The t* ermoiuevof lias
averaged 04, the highest being
96,0 JO
Shipments
now
One <u**p is turning out w* II. The thermometer
lir-.s averaged 7:, tne highest bring 78 and the lowest 58.
Charleston, Suttli Carolina.—It has rained on four days
■of the wteK, the miufitll reaching one inch.
The thermom¬
eter has aveiag* d (>8, ranging
from 49 to 85.
Statcb try, Fon'th Carolina.—There has been
light rain
eti thr* e
days of tiie week, the rainfall reaching sevente-n
hundredths of an inch. Light frost on Sunday
morning. The
thermometer h >s ranged from 43 to 83‘5, averaging 04.
225.000
37,l00
-
25,000
EXPORTS TO EUROPE FROM
is
iwtmy live
126,000
,
43.000
;
—
periods of the two previous
ranging from 50
and
i
1
•
in-, lies
Total.
shipments since January 1, 1887, and for the corresponding
d lys
_
.
lOomMtenl.
The above totals for the week show that the movement from
the ports other than Bombay is 1,600 hales more than the same
week last year.
For the whole of India, therefore, the total
The
Augusta, Georgia — Picking is progressing well and cotton
coming in freely.
Tin re have been show* rs on four days of
the week, the rami a 1 teaching
eighty-one hundredths of an
inch. The thermometer has ranged from 45 to
£6, aver¬
aging 03.
; •
Atlanta, Georgia. — We have had rain on three days of the
week, the rain;ail teaching two inches and eighty-i wo hun¬
dredths. Avemg t lu Milometer 01 4, highest 70 and lo west 44
Albang, Georgia'.— Ram fell o i two*lays in theeaily part
of the wtel., Owing much good.
The rainlad reach*d three
6,000
998,000
4,000 1.552.0C 0
*
99,000
59,000
1
1887
18.86
Alabama.—Telegram not received.
Madison, blorida.—We have had showers on two days of
the week,‘tiie rainfall reaching twenty-time hundredths of
:.n inch.
Average r henuonir ter 70, highest 85, lowest 53.
Macon, Georgia.—li mined oil two days of the week, cur¬
tailing receipts a 1111i*•. The weather is now pi r.sant.
Columbus, Georgia—W e have had rain on ivvo days of the
week, the tatnlaii leaching .two inch* s. The thermometer
has averaged 67. the highest being 73 at d the lowest 00.
Savannah, Georgia.—We have had rain on three days of
the week, the rainfall reaching one inch and eleven hun¬
dredths. The therm* m. ter has averaged OS,
80.
7.000 1.466,000
5.000 1,402,000
L,
Great
Britain.
!
Total all—
Auburn:
lo
Tear.
Shipments since January 1.
Total.
1
nent.
'
1886
of the
inches and seventy-four hun¬
averaged 60*5, ranging from 50
on
Conti¬
'
1886
All otheis
18*7
50.
un
Great
Britain.
1886
is being nmrke'ed vapidly owing to the fine weather.
The thermom* tr has averaged 68, the highest
being 81 and
Selma, Alabama.—R
Total.
vent.
1.000 363.000 665,000 1 ,<'28,000
: 2.0* 0 2,000 317.000 884,000 981,000
! 1.00*»l 1.000219.000461,000 683,0( 0
1884' 2,009 10,000 12,000 496,000 6.13,000 1,119,000
1886}
Madras —
1*87
crop
the low*,
Receipts.
This
Week.
| l.oroi
18s7|
1 *87
inch.
ne
vent. \
Calcutta—
Nashville, Tennessee.—It has rained on four days of the
week, the rainfall reaching two inches and four hundredths.
The thermometer has ranged from 41 to 74, averaging 61.
Mobile, Alabama.—It has rained tevtrely on two days of
the wetk, and lms b en showery on two days, the rainfall
reaching five inches and eighty hund;eHhs.
Rivers are
slightly higher, but navigation is still restricted. Average
■thermometer 70, highest 84, lowest 53.
Montgomery, Alabama.—Rain has fallen on three days of
*
Conti-
.
Shipments for the week.
wed and cotton is coming in
In this respect there is no com¬
parison between this and previous years. The thermometer
lias averaged Go, the highest being 73 and the lowtst 50.
Memphis, Ttnipsssee.—There have been light rains on five
days of the week, iut. ifeting somewhat with picking. Mar¬
keting continues umi-uaily lie.^vy, the month’s receipts being
double what they were in September, 1881, the
previous
largest on record. The thermometer has averaged 02, rang¬
ing from 49 to 76, and the rainfall reached thirty-eight bun¬
week lo the extent of
! Great j
oolal. Britain'
j
1885
1
inch.
Picking is progi e-sing
aijd being dispos d of freely.
the
Shipments Since Jan. 1.
i'utieorin. Kurrachee and Ooconada
Vicksburg, Mississippi,—Telegram not received.
Hel nil, Arkansas.—it rained lightly on one day and the
balance of ilie week las leen cloudy, but this morning is
clear.
The rainfall leached seventy-four hundredths of an
ari
Conti-
,
Bril'n.!
46.
dled ths of
Great
According to the foregoing, Bombay appears to show an
compared with last year in the week’s receipts
of 2,000 bales and a decrease in shipments of 1,000
hides, and
the shipments since Jan. 1 shew ail increase of 47,000 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,
of the
,
Shipments this iceckr
Fear
increase
to
est
445
!
October 1.
to
Virginia....;
North’n p’ts
Tenn.,Ac....j
ForeiKQ
'
This year
,
........
■
*13
101
2,55
00
•
4,115
103
21
24
3,751
2,0)1
7,507
2.547
517
a. (HO
1
i
(JJ
i
38,491
129,930
11,02'
:-4.«40
tO ».S|H
<>.4 s
1
720
4 3
i
21,9 >5,
<?» o
j
Last
ye 1 r..
•
2.
'IV*1
•JS’*
day of the
Manufactures—Through
the courtesy of Mr. W. F. Switzler, Chief of the Bureau of
Statistics, we have received this week a statement showing the
exports of domestic cotton manufactures for August, and for
the eight months since January 1, 1887, with like figures for
the corresponding peiiods of the previous year, and give them
Domestic Exports
below
Cotton
of
(colored end uncolored)
exported to—
and
Central .American States
British Ilonouras
"West Indies
the
3C0.672
95, us
1,045.073
10,156,553^
854,351
553,056
1,274,858
“
1,790,839
“
“
“
606,376
5,400
ix
yard
of
otlur Manufactures
d to—
Great Britain and Ireland
Values of
Germany
France
Other e< u» ti ies in Europe
British North America
Mexico
fcritith
Honduras
West Indies
United States of Colombia
Other countries in So. A merica
Asia and Oce anica
Atrica
*9,215,798
$'063S
$
189,369
*'
246,043.
18,7* 6
9.420
0,021
650
11,085
1.277
44,931
0,591
11,857)
328,545
85,191*
5,465
1.584
24.940
4.235
5.010
0,195
51,197
13.622
5,011
10,642
78,815
41,442:
183,910
3,440
68,790
3,462
20,672
8,229
Central American States &
C69.051 126.823,292 14 4.486.988
*
18,908
1,533
$
33/'71
1,758
Cotton export<
'
14 ,f 34
101
38,124
2.075
0,814
13
last year revealed the fact that
escaped their notice, of which some
5t,000 bales were American. This large addition, as a matter
of course, was a disturbing influence in the trade.
This year,
however, an even greater discrepancy is disclosed, it being
found necessary to add to the running count 110,530 bales, or
over twenty-five
per cent. It would seem almost incredible
ordinary care such an error should' occur.
that with
Certainly greater diligence ought to be used ; otherwise it
would appear to be about as well to discontinue weekly stock
estimates altogether ; for as conducted they are wholly and
the, close of September
about 73,000 bales had
at
9,3-6.752
4,521.612
2,726,885}
,*».b,343 $8,230,899
$*0649
$‘0668
$898,960
$*0679
Total values of above.
Value per
2,360.254
had ceen. received
Crop*—Messrs. Gaddum, Bythell & Co.'s cotton
Bombay, August 23, said :
Advices regarding tlie new crop are fairly satisfactory. Heavy rain
lias again fallen during the last few days in some parts of the Berarg,
doing harm to the crop, hut in moat of the other Oomra cotton growing
districts the p'ants continue to make good progress. At Broach the
much needed fine weather has set in at last, aud re-sowing has com¬
menced wherever practicable.
Dhollera ieports are on the whole
favorable, but tiae weather is still required iii the Bengal districts. The
belief seems to be general that the crop will be a late one.
Liverpool Stock.—There seems to be very little use in the
Brokers’ Association at Liverpool keeping a running estimate
of the stocks of cotton unless they can come nearer to the
actual figures than they have done of late years.
The count
7,597,837
5.487,029
2,502,871
720,290
364.663
13,243,646
7,306,711
3,101.431
1,207,011
10,294,607
4,981.8001 4,176,651
12,183,750! 11,786,003
5,016,510
3,971.334
4,908.260' 5,346,2:8
3,163,652
8,883,122
563,463
1,872,071 18,428,227. 13,850,034
57,781,959
6,978,400 49,135,167;
4X4.781
named.
East India
761.667
971.954
3,287,581
j
“
“
of above.
Total yards
87.221
753,270
“
“
2,275,500
1,236,431
1,345,1X8
567,594
522,898
433,181
Brazil
United States of Colombia...
Other countiles in S. America
China
Other countries in Asia and
Oceanicu
Africa
Other countries
5,137,601
total port receipts which
each of the years
report, dated
1886.
j
percentages of
Sept. 30 in
to
ending Aug. 31.
1887.
477.3H8
689,X09
1,293,8X9
“
“
Argentine Republic
mos.
1880.
1887.
Great Britain and Ireland....yards
Other countries in Europe....
“
British North America
“
Mexico
“
8
31.
Month ending Aug.
month in 1886 and 269,134 bales more than they were
day of the month in 1885. We add to the table
to the same
:
ton
[Vol. XLV.
CHRONICLE
THE
446
452,181
53,703
12,111
*4 3, O'- 2
53,xj*5
widely misleading.
Jute Butts, Bagging, &c.—A fair amount of business has
been done in bagging and prices are steady, sellers asking
5;$4@6c. for 1*2 11>., 6j4(a)6J£<\ for 1lb., G;!_j@?e. for
49,776
205.325
096
2 lb.
7140^73^0/for standard grades. Butts nave .sold in a
model ate w ay and no change is reported, paper grades being
held at 23y@2 3-16c., and bagging quality at 2)4 (3) 2 ^'c.
ana
fix,747
of cotton rrom me United
latest
mail returns, nave reached
tures of
9,369,4 971
l,350,03r
1.004.383
A pprera’e
lue of all c< 11 < ri prods
71,186 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published i n
Comparative Port Receipts and Daily Crop Movement
the Chronicle last Friday.
With regard to New York we
—A comparison of the port movement by weeks is not accurate,
include the manifests of ail vessels cleared up to Thursday,
as the weeks in different years do not end on the same day of
Total bales.
the month. We have consequently added to our other standing
York—To Liverpool, per steamers Adriatic, 1,381
tables a daily and monthly statement, that the reader may New* Alaska,
\uiania, 7oo— City of Chester, 1,979
2,<‘58
constantly have before him the data for seeing the exact relative
England, 3,981....Halley, 530
10.689
Other countries
Total
1
value of other msnu'ac-
105,423
1,155.417
10,371,215
1,188,5581
150,294
v
The movement since
1887, and m previous years, has been as follows.
the years
for
movement
September 1,
i
1886.
1887.
named.
Beginning September 1.
Year
Monthly
Receipts.
Shipping News.—The exports
States the past week, as per
1885
1
359,2031 385,642
Bept’mb’r! 654,776
Perc’taga of tot. port
receipts Sept. 30..
06*75
1
07*15
1884
1883.
1882.
345,443’
343,812;
326,656
07 09
07*23
I ' 05*13
Sept. 30 the receipts at the
ports this year were 295,573 bales more than in 1886 and
269,134 tabs more than at the same time' in 1885.
The
receipts since September 1, 1887, and for the corresponding
period of the live previous years have been as follows :
This statement shows that up to
“
“
1885.
6,314
2,914
2...
9,679
3.281
5,675
2,546
3...
10,7 39
5,690
4,91(
2,052
7,215
5,8 7 u
2,519
3,99i
5,868
6,265
5,041
3,704
6.168
3,396
4,969
8,19-,
5,630
8,143
6,405
j
8.
4...
7,089
8.
5...
13,928
“
6...
13,195
6,983
8.
11
7...
13,392
6,343
10,390
14,548
7,336
“
9...
19 64 0
u
10...
16,t 29
9 lor
8,634
8,6t0
7,356
“
11...
8.
10,101
11.835
“
12...
8.
10,959
11,935
S.
16,633
13,835
13,182
8...
5,675
“
13...
22,181
23,21 7
«
14...
lx, 159
14,865
9,76
12,687
“
16...
17,3 E28,5*22
“
17...
25.42-.
13,168
“
18...
8
14.407
12,536
17,598
19...
35,447
S.
14,257
20...
36,< 31
17,098
8.
23.011
“
15...
“
“
5,055
2,765
2,79^
“
“
1882.
1883.
1884.
5.840
Sept.l
“
i
1886.
1887.
t
2,390
8
8.
8,206
S.
4,4 3
8.
8,396
13,92u
6,214
10,458
9,480
8,579
8.
10,205
12,970
Martello, 3,30o
Critic, 1,^00
Champagne, 12*<
Fulda, 451
Saale, ‘ 50
pertteamers Amalfi, 1,299
Rugiu, 1,875....
a
Bare*
enzo,
,
particulars of these shipments,
form, are as follows :
The
('open-
8..
Liver-
pool.
8,0 8
11,202
5,645
9,47-
7,174
15,283
11,74.
10,742
y
8 014
8,060
8.
8/
10,6-9
11,366
3, 00
Charleston.
3,314
Galveston
5,100
Wtlmingt’ n
New York.
N. Orleans.
Boston
2 174
2.8 <1
Philadel’ia.
3,-36
Total...
42,870
Baltimore
15,3 *7
16,593
16,990
15,195
9.6o6
13,104
14,0 87
12,733
22,160
13.039
cotton
Below
.
25.361
21,07a
«
22...
17,284
2 5.0 J 9
15,7t9
17,1x7
17,-76
17,8 ^3
16.201
Galveston—For
“
33,78*.
16.951
16,151
23.346
8.
24...
18,778
2*2,593
8.
23...
28,85*
36,( 24
14.-40
the latest dates:
“
25...
8
20.651
25,191
20,378
2<>,9
25,439
4,309
19,746
27,433
21,0 16
21,401
21,5’0
19.763
1
26...
50,387
S.
“
27...
42,22 6
*
28...
w 70
32,793
8-
25,252
“
29...
30,882
29,876
26,677
24,07s
26.497
24,305
0
30,509
34,762
32,357
24,584
26,472
8,
29 699
359,20.
385,642
315,415
343.812
••
*4t
30....
>£*
,071
154,7 7*
Total
2 5, til
326,656
ot
ioi
port rec’pt*. P«n t.
*
1,*294 ba.es
This
add d as cuneciion
sto ves that
btaun.tm
C-night
L
3*
00 75
are now
07*15
128
4,815
07*23
of previous leceipts.
the receipts since
07*09
05 43
Sept. 1 up to
295,513 bales more than they were to the same
usual
Tar•< th
and
mo
Dag by.
Total.
24,377
21,129
4,948
8.30J
3,314
5,1<0
4,800
2,171
65
2,956
3,836
3,479 4,800
65 71,186
this week of vessels carrying
4,700 4,943 10,320
data down to
Princess, 4,991 ; Vul¬
Sept. 2.4— Steamer Hungarian, 3,363
in, i,2l5
Sept. 29 - Steam.*r Astivnjmer, 590.
g.iv\NNAii- For Liverpool-Sept. 24—Steamer Elsie, 6,416.
Foe Bremen—Sept. 2?—Steamer Albania, 4,u,>0.
For Gemui S pt 27 Steamer Wimbledon, 3,551.
Charleston—For Liverpoo.—Sept. 23—Steamer Borinquen, 2,530....
Cassius, 6, 23.
For Kev.il Sept. 28-Steamer Remembrance, 5.789.
For Barcelona— S* pt. 23—Steamer Phicuix., 4,150 .... Sept. 26 —
Steamer South woo *, 3,15a.
Wilminuion F*»r • iverpool— Sept. 28-Steamer Everest, 4 700.
Norfolk
For Liverpool—Sept. 27—Steamer Kannvell, « ,30*.
Boston
Fiu Lneivool - Sept. 21 —Steamers Cephalonta, 515; Venetian
9x9
Sept. 24-Steamer Samaria, 1,19 7
Sept. 2o—Steamer
Liverpool—Sept. 24—Steamers
5.9 '3.
New Orleans
For Liverp >s-1
S pt. 96
Steamer Audi*
-
—
•
Pereentag e
4.7 OJ
can.
“
S.
Lath. Havre.
lire m. hagen
Barce¬
and
amt
Hu nib. Stettin. lona.
5,38 L 3,479
United States ports, bringing our
from
21...
1
7Tull
and
add the clearances
we
“
“
arranged in our
An/tnrp,
21,863
1 1,760
8.
71,186
Total,
6,405
5,64 0
16,596
3,300
1,400
128
7Ul
To Hamburg,
Wleland, l.fiOo
4,680
To Antwerp, per steamer Western land, 1,129
1,129
To C’oi cull gen, per steamer Thingvalla, 950
950
ToStet in. per steam* r Slavonia, 1,-rOO
1,400
New Orleans—To Liverpool, per steamers Alava, 3,921 —
American, 2,9o9
11.366
Architect, 4,476
To Havre, per steamer Effective, 4,815
4,815
To Bremen, per steamer Wydale, 4.948
4,048
Charleston—To Liverpool, per steamer Amethyst, 3,500
3,500
To
Iona, per steamer Starlight, -3,900
per brig
Leo
900
4,800
Galvest<*n—To Liverpool,.per steamer Northern, 3,3 4
3.314
Wilmington—To Liverpool, per steamer Hay Gicen, 5.100
5,100
Baltimore— lo Liverpool, per steamers Baltimore, 1,165
2,174
P-1 uvian, 1,009
Boston— To-Liverpool, per steamers Bothnia, 3
Bulgarian, 7
?
....Kansas, 2,-81
2,891
To Yarmoiii h. per steam* r Yarmouth, 25
25
To l>ighy. per t-t* amer New York, lo
40
Philadelphia To Liverpool, per steamers Indiana, 2,022
Loir! Gough, 1,814
3,836
...
To Hull, per steamer
To Leith, per st* auier
To Havre, pci* steamer La
To Br emen, per steamers
—
Iowa,
For Hal
For
2, ; O.
fax—Sent. 24—Steamer
Carroll, 96.
Yatmouth-Sept. 27-Steamer
Yarmouth, 14,
THE
1887.]
October 1,
CHRONICLE
Baltimore—Foi Liverpool- Sept. 20 - Steamer Nessmore, 2,031.
For Bremeu—sept.. 28-Steuim-r Weser, (1 .9.
RHILADELPH I A—For Liverpool- Sept. 27—Steamer British King, 2,025.
Below we give all news received to dace of disasters to ves¬
sels carrying cotton from United States ports, &c.:
Hay Green, steamer (B*.). from Wilmington, N. 0.. for Liverpool, was
eiroiM mi,s!.v icported (lam tged by collision with a dredge on Sept.
447
BREADSTUFFS.
Friday', P. M.t September 30, 1887.
The market for
flour showed considerable activity early in
prices made a slight and partial improvement,
The export demand was fair and local dealers bought fredy,
It). Slie went <o sea ail light.
THE Queen steamer (hr.;, from New York, arrived at Liverpool Sept.
“stocking up” for the fall trade wi<h much coi li fence. The
*?, nd r> po. is a tire broke our on buaid in the hunker hold while
at sea. Tue lire was extinguished.
A quantity of cotton was improvement, however, was due largely to the better values
damaged.
for wheat, and wiih the re-action in the grain on Wednt
sday
Cotton freights the past week have been as follows :
the market for its product became flit and un-ettled, and
since then had weather lias checked trade.
To-day the mar*
Mon.
Tues.
Wedves. Th urs.
Pri.
Satur.
ket WiS quiet but firm.
Vtf ‘>G4
*8 2>964
Va,964
W964
*8£9<4
Liverpool,steam <
The wheat market opened flat enough, but on Monday the
Do
sail...d
visible supply was found to have slightly decreased, and this
Havre, steam ...c 516«,1132 51G®1132 516“ 1132 510 ®X132 61G®x132 d1G®1133
c
Do
sail
fact, not in itself of much consequence, but deriving impor¬
%
38
38
38
38
Bremen, steam, c.
tance from its occurrence so early in the season, gave an
c
Do
sail
impulse to the speculation for the rise, which dominated the
^ n32 °1G ^’n32 51G®] J32 5lG®n32 5lh 2 n32
Hamburg, steam, c 5105 113C
market down to ihe close of Tuesday’s business.
The scarcity
Do
saii.-..c
and
32 V
32 V
32
higher prices of spring growths was also ail t lenient of
32 V
32V
32V
Amst'd’m, steam c
Do via Leitli d
strength. On Wednesday, however, it was seen that the
Beval, steam... d. 31G®~32 316‘7 732 31G “ ~32 31G “ 732 316“' 732 3ln®733 higher prices for wheat on the spot materially curtailed busi¬
Do
d
sail....
ness for exp )it; and, prompting sales to realize profits,
caused
13*4
13G4
Barcelona,steam<2.
1304
1364
13G4
1:lM
the loss of pirt of the advance.
On
Thursday
a
reduction
in
Genoa.sleam
d. 13G4 a' T3L> 13G4^'732 13G4^732 13G4“T32 13Gia ~32 13643>73.>
ihe quantity afloat for the British markets revived specu¬
*4
*4
*
*4
Trieste, steam...d.
18 (1 9g 4
*8« 1>G4
*8 ,JyG4
yG4 %#°64
Antwerp, steam.d. H a 9C4
lative confidence and action, and prices again advanced; but
er l uu ms.
the spot market continued dull.
To-day a buoyant opening
Liverpool.—By cable from Liverpool we have the following was followed by some depression under sales to realize.
statement of the week’s sales, stocks, &c., at that port,
We
DAILY CLOSING PRICKS OF NO. 2 RED WINTER WHEAT.
add previous
for comparison.
the week and
,
....
....
....
....
—
....
-
.
....
.
....
....
....
...
....
....
....
....
....
....
....
....
....
....
....
.
*
....
.
....
....
....
....
....
....
....
....
....
....
.
i
Sept. 9.
6
Bales of the week
‘..bales
Of which exporters took
Of which speculators took
Bales American
Actual export
Forwarded
Total stock—Estimated
-
Sept. 16.
Sept. 23.
67,000
6,U00
69,000
,000
S.Ooo
—
55,000
4,000
6, 00
3.00
6,000
8,0o0
41 1.000
*50- OoO
26."00
3,000
iiqutio
177,ooO
27,00i >
10,000
83,00o
30,000
84,000
10,000
106,000
49.0U0
50.000
76,000
1243,000
51.000
37,0 0
110 000
lo 1,000
7.000
48" ,000
237,00o
Of which American -Estim’d
Total import of the week
Of which American
Amount afloat
Of which American
Sept. 30.
2,« DO
46.000
7.000
8.0 0
454. 00
1,00
46,000
6,00
..
*
.
..
4<' .000
ft 000
47,000
5,000
2 L
110,530 bales added to sti ck on actual count,
w hull
bales American.
t Of
The
Liverpool market for spots and futures each
day of the week ending Sept. 30 and the daily closing prices
of spot cotton, have been as follows :
'
Saturday Monday.
Wednes.
Tuesday.
thursd'y. hriduy.
.
Market,
p.m.
(
$
In
Quiet.
Mid. Up! Ms.
Mid. Ori’ns.
3'S
;
'
Sales
havers'
1'iivur.
‘1G
V.
ft:,8
ft
•p>7ig
5 3h
I O.XV'U
o
1,000
!
Weak.
*
1
e
1G
8,000
,
*31G
5 *4
'MG
■
10,000
1.500
oO
i ,'
r
''-4
1
5;;s
Irregular.
Quiet.
i
'
*»1 i
0
Spec. & exp.
Pressed
for sale.
8,000
10,000
1
Market,
Easy.
\
4p,m
Steady.
6i eady.
1,000
,ooo
Quiet at
Steady.
1-04 de¬
cline.
steady.
Quiet and
St eadv.
St eadv.
ste;u.y.
si
i
cady.
ui^uCotj iuVKr'i iAi-ii. uuoiu^ piioo.)
Otherwise stated.
i„
j
s opt. 21.
.
Open High \ Low. Clos.
88
Indian
DAILY CLOSING
Sal.
October delivery
November delivery
December d« livery
May delivery
Vi) \
.
delivery
inbcr
Deeranb.
r
t.ciivery
.
ilelivery
..
Spring -vueat extras.
2 80® 3 2"
3 7a®
1
5 04
5 04
: 5 03
5 (>3
5 03
501
5 01
5 02
501
5 02
5 03
5 03
5 02
5 02
5 02
5 00
5 01
5 00
5 01
yo-itn'n com. extras.. 3 20 ft 3 40
5 03 i 5o3
5 03
j 5 02
5 02
5 02
5 00
5
01
5 00
5 01
5 03
j 5 03
5 03
5 02
5 02
5 00
501
5 0)
5 01
| 5 04
5 04
|
j
n <*w»
,
5 07
5 08
■
Sept.iis!
; 5 04
1
5 07
i
'
1
5 02
ft
01
5 02
5 0 i
5 04
5 03
5 04
5 08 j
5 05
5 00
5
5 06
|
d.
i
<1.
d.
d.
d.
d.
5 13
5 12
5 13
5 10
5 10
5 10
Oa
5 05
:■(),
5 115
5 01
5 04
5 04
2
5 02
5
2
01
5 e I
5 0!
5 oi
5 00
**•;
1
|
10
b
|
04
5 "1
5 01
5 01
0
5 00
5 00
>
5
01
5 01
5 oo; 5 00
5 00
5.1
5 01
5 i 0
-s oo
.00!
r
04
5 04
5 06
5 06
5
02
5 01
Oi
0
5 04
j
5 06
.
1
j
on
| 5<,5
i
5 Oo
|
5 01
01 i
!
5 03
03
j
5 05
5 05
5 01
03 : 5 03
5 05
d.
!
ft 09
.03
5 03
j
01 j 5 01
|
;
d.
5 09
5.9
5 02
5 02
1
j
5
j 50)
O 110
!
5 04
01)
.*> 0 »
oo;
5 ()■» ; 5 09 !
5 gq
5 0<
01
02
d.
,
09
j
01
‘
d.
Clos.
u>.
Thurn.
Ft1..
33*4
33*4
33*4
3 6%
33 Jg
33 *4
3N 83
35;q
3534
333g
33 \
36
33^
36
.....
family br ds
$3 50*4 320
Rye flour, superfine.. 3 3o® 3 60
Fine
Co :n meal—
4 50
3 00 £ 3 25
3 25®
4 2oi»
2 85 9
4 2 .
4 75
3 05
2 25 ®
2 50
Western, &o........
2 60® 2 95
Brandywine....
2 00® 2 95
Buckwh ;at
100 lbs
Hour, per
2 55 ®2 80
GRAIN.
Wheat—
iptmg,per bush.
SpriugNo. 2
Red winter, No. 2
Red winter
vhite
Corn—West, mixed
*ost. mix. No. 2.
West, white
V -Ht. yellow
White Southern..
75
80
9
81*28
74
76
49
..
„
Pa., 11 bush. 57
No. 2 white
32*2®
35*4
®
34
33 *4®
-»ft 3g 9
40
84
Barley—Canada No. 2. 73
9
9
82
Two-rowed .State
Six-rowed State
California Bay
81
Milwaukee No 2
71
Malt—State, 6-roved. 82
a
9
.9
ft 2
52 *4
56
53
9
...
...
Stale, 2-rowed
Ry 0—
8t»te &
-
Oats—Mixed
White
No. 2 mixed
O
51*4®
53
5L
89
81
83
GO
71
8ft
60
Canada
Buckwheat
34*a
36*2
80
9
.
®
9
9
9
9
•
m
m_±
9
m
mm
83
72
84
72
9\ 00
9
62
-
5
j
Open High Lo
r>
:
!
Fr l.« St *l»t. 30.
|
d.
f.
02
05
|
(>pe n High Low. ('los.
12
5
5 01
i
04
i
Thu rs., Sept.
d.
I
(ypen High Lmu.
a.
5 03
Wed.
3 2 7g
3 i 7g
Soithern bakers’and
9 bbl. $2 20®$2 75
2 50 ft 3 05
5 05
!
i
Superline....
5 13
5 08
5.6
Low. Clot.
5 04
!
2 OATS.
Tues.
FLOUR.
Fine
5 03
NO.
Rye has remained dull, but is more firmly held.
The following are the closing quotations :—
5 05
5 05
5158
5i7g
53
52;,g
53;,s
Bailey opened the season with considerable spirit at 73c. for
5 04
5 03
51*4
No. 2 Milwaukee and 81 (d> 81^o. for Canada.
5 o7
5 08
!
....
5 07
1
04
3 7h
33%
5 07
5(8
n
;t4
33%
3.j34
j 5 07
5t8
01
..
3
5 09
Mar.-April.
April-May..
.
October
5 19
5 06
5 01
Man.
32 34
Sat.
5 09 i 5 09
5 06 ■5(6
Frt.
51 :k
52
somewhat, though a little irreg¬
ular; mixed grades on the spot and for early delivery showed
ihe most strength.
The regular trade was active, and this
encouraged rpeculative buying. To-day the market was very
stio.ig, but quiet.
Minn. «)lear andstra’t.
Wi .t»-r ditop’g extras.
Winter XX A XXX..
Patents
Southern gnners
5 02
Thvrs.
Oats have also improved
d.
ft 04
2
51*8
52
5 13
5 04
<
50:*g
51:k
d.
5 06
April-May
•
Wed.
51 ^
517g
52
53*8
5 13
5 02
8970
2 MIXED CORN.
Tues.
d.
5 02
5 03
|5.5
8730
8930
89\
the spot
5u7g
51*8
51-%
Tues., Sept. •A7.
|
j
89^
Man.
5 13
Feb.-Mai ch
01
20
5 63 means
[Open Uigh 'Loir Clos. Open High
5 02
96^4
5o*k
51
1 515
rf*
5 03
89i0
497g
ftoq
d.
5 03
on
PRICES OF NO.
5 15
5 03
•*
and 64/As, thus:
I>Ion., 8 ept.
87 7g
877g
8ft
86 M
8 7
prices,
!
Nov.-Dee...
Dec.-Jan
Feb.-March
Mar.- \ pril.
has been active
3:%
8 1 r>8
8 78
87
8
Fri.
and for early arrival
and this movement gave an impulse to the
speculation for the rise in the earlier options. For delivery in
the opening rnon.hs of
8 there was, however, little spirit.
To-day the market was dull and values easier.
corn
higher
at
1
5 04
..
89
d.
5 01
8ept.-Oct.
Oct.-Nov... 5
Nov.-Dee...
Dec.-J^.n.... 5
^9
5 Jrf
Oct.-Nov...
-
>
d.
j
Jan -Feb.
8
5 16
5 09
82 83
83 7b
8 Mg
8630
87 5g
8'd\
90^8
\
September.
Sept,-Oct...
Beptember.
82^0
8350
8170
86i0
d.
|
YVcc i
8-30
8344
5 19
d.
5 19
Jan.-Feb... 5 03
817g
d.
d.
5 19
...
8030
Thors.
at
lutui cl
Liverpool for each day of the week are given below, Thest
prices are on the basis of Uplands, Low Middling clause, unle s
The prices are given in pence
4 63-64<1.. and *• 01 means O l-64d.
81
March delivery
day delivery
June delis ery
.May delivery
lilt.
80^
84
i;a reiy
1 -04 deCline.
Very
Quiet.
Wed.
8144
8 2 eg
8^0
853g
865s
daily closing prices OF
Easy at
^
j
(
Tues.
81i0
80I4
Future.s.
Maike..
12:30 p.m.
Mon.
8Oi0
8 L^s
""
.
12:30
.
Sat.
February delivery
of the
tone
Spot.
October delivery
November delivery
D member delivery
T in nary delivery
5 <0
5 no
5 01 1 5 01
5 02
o
B 04
5 00
j
5 04
1
5
■
1
» 02
02
i
ft
j
GO
5 at
j
5 02
5 04 i
5 04
1
The movement of breadstufta to market
is
indicated in the
below, prepared by us from the figures of the New
Y >rk Produce Exchange. We first give the receipts at Western
l tke and river ports, arranged so as to present the compara.
statements
movement for
the week
ending Sept. 24, 1887, and since
August 1, for each of the last three years:
u ve
Bbls.VMlh* Bush.HO Ihs Bush.SH lh
Chicago
Milwaukee...
2,0.7,157
1,274,825
6U6.024
12,664
2,*30
35.550
297.470
8,140
1ST,424
147.487
21,304
9,85 4
6.0 iO
3,2*1
19,067
3,500
29,755
4 6tl5
66.1I6
36.351
11 500
558
21.3MJ
278.3 i 1
10,400
234,900
322,365
65,507
1,600
29,285
20 000
343,200
375,100
41,700
5,'23
7,700
88,445
5,959
Toledo
4,34oj
Detroit
...
8t. Louis.
..
Peoria
Duluth
Tot. wk. ’87.
1886*...
1885*
*
..
..
Include
1,374.709
1,05", 456
842,285
2,103,079
624,590
2,069.304
15,392,817
17,006,8°2
4,ln3.764
379.777
17,899,415
14,675,090
4,425.067
692.558
l,6i 4,912
815,464
At—
New York
Boston
Montreal
Minneapolis.
t Includes 1,559,610 busk, at
The receipts of flour and gram at the
week ended
37,576
45,150
88,144
,947,080 20,843,871
15,639,700 17,993,613
19,944.318
2
week extra,
one
2,689,697
1,728,909
2,429,448
l,b0x,913
1,897,930
1,536,015
1,052,672
...
Flour,
seaboard ports for the
Corn,
bush.
hush.
475,“00
61,57 j
8 h 4.8 l
766,050
89, >35
179.103
90,610
180,840
26,354
127,151
73,262
14,806
Baltimore
Richmond
New Orleans...
57,160
3,105
i,
1.60 >
10,830
Wheat..
Corn....
Oats....
100
......
50,900
5,100
65,730
7,172
Barley..
Rye
Tot*1 grain
*
Include
xs4#
35.68 5,3 i3
66,8 47,968
32,528.5 *9
2,4 43.77 L
36.497,791
23.2 4,53 j
50,3 >8,119
25,203,219
2,318.628
607,313
28.27 2.333
2,754.1 14
453,111
48,473,725
73,369
2.480,959
3, <04.699
138,369,060
114,630,800
8
132,520,466 143,992,599
...
one
*
9,560.762
62,204.592
26^0*00
14,000
24,374
159,312
226
4,200
4,249
10,593
29,699
48.476
115 823
360.0 43
903,418
56,955
.....
439^*03
152,7 bO
46,240
54,783
1.463.639
21,616
261.*20
........
1,937.380
92.0 0
4.700
72 2,426
It. Paul
On Mississippi ...
On lakes
On canal & river
Tut.Sept. 24/87.
rot. sept. 17,’S7.
rot. Sept. 25/86.
Tot.Sepr. 26/85 I
rot. Sept. 27/841
1,280,000
.
131,808
77,393
416.8 «l
6,000
68,382
241
25,500
201,300
250,400
30,162,908 7,258.903 4,854,279
31.071,m9 7,570.429 4,7o3,326
49,596.431 13,955,79L 4,“69,828
43,947,2+3 6,012,619 5,574,2.^5
24,173,030
55,718
119.170
32,000
508,777
33,700
1,846,841
1,103,900
301,277
313, *41
956.536
680,359
510.636 1,378,034
477,211
272,726
6,796,659 3,818,057 1,059,697
583,529
Minneapolis and St. Paul not included.
GOODS TRADE.
DRY
Friday, P. M., Sept. 30, 1887.
dry goods trade
restricted in volume during the week under review, the
Business in the wholesale branches of the
was
strictJy^observed
buyers, having contributed to tins result. At
intervention of Hebrew holidays,
9,793.509
70,182,121
37,90*6
143.465
New York,
9,359,142
34.209.1*2
bosk.
...
6,932
00
*l«85.
*1 «66
1““7.
954,035
63,000
64,000
THE
The total receipts at the same ports for the period from Jan.
1 to September 21, 1887, compare as follows for four years:
10,635,753
572,788
M.uueapolis......
4,400
Total week... 313,136 1,332,472
752,015
708,649
dor. week ’86
355,158 2,558,093 1 ,523, >67 l,135,901
..bbla.
5,673,650
.....
25.800
10,715
7,975
bush.
OuO
95,919
47.975
3, 170
27,457
Rye,
bush.
Peoria
23,900
128,366
47.455
Oats,
bush.
bus><.
bush.
bush.
Corn,
hash.
r-t‘1Uaapoli8
K Miens City......
t
464,1 0
Wheat,
Ry-,
Barley,
Oats,
Wheat,
bbl8.
.....
29.377
.
Philadelphia
September 21, 1887, follow:
Philadelphia...
Floor....
Instore at—
St. Louis
Do afloat
dtuclnnatl
■LjiitOU
Torouto
Montreal
Bvtlmore
+3,119.047
2,835,741
196,535
151,5*1
Since Aug. 1.
18^7
......
386.367
•252.059
Bame wk.’Sfl.
Same wk.’85.
Bush.5* lbs
BuxhA* O
Bush.Vi lh
261.536
211,966
148.405
fVoL. XLV.
Rvt.
Bartey.
Oats.
Corn.
Wheat.
Flour.
Receipts at—
Cleveland
CHRONICLE,
THE
448
by numerous
first hands the demand for
which
were
both domestic and foreign goods
ihe easier
condition of the mon^y market has had a reassuring effect
up >n merchants, and there was more disposition to pi ice orders
for certain spring and summer fabrics for fu ure delivery—
of
a
seasonable character was strictly moderate, 1 ut
having been done by com¬
importers. The jobbing trade was irregu¬
lar and decidedly less active than a few weeks ago, yet a very
fair distribution was made in package and ast-orted lots by
a
fair busine.-s in this connection
mission houses and
week extra.
leading local jobbers, and there is a very cheerful feeling in
jobbing
circles because of the satisfactory outcome of the fall
ending Sept. 24, 1887, are
trade up to this period. The tone of the general market con¬
Exports
Peas
tinues steady, and stocks are so well in hand thit “ job lots”
Oats.
Wheat.
Flour.
Corn.
Rye.
from, are much more difficult to be obtained than is usually the case
Bush
Bush.
Bush.
Bush.
Bbls.
Bush.
at this advanced stage of the season.
2,485
New York
115.989
4,275
332,444
114,091
B **ton.
86,638
45.015
83,744
Domestic Cotton Goods.—The exports of cotton goods
Norfolk.
fc.News..
from this port for the week ending September 27 were 1,584
Montreal.
42,114
33,293
103.554
35,384
Phiiaael.
IS,- 00
8,39«
These shipments include 446
packages, valued at $111,227,
Baltim’re
3.8 134
68,9-6
to
South
America,
383
to
Mexico,
224 to the West Indies, 165
N.Orl’rtu
673
33,034
26,470
Riclim’d.
4,250
to China, 100 to Aden, 68 to Europe, 45 to Ea-t Indies, 29 to
Central America, and 124 to all other countries.
44,599
Tot. w’h
Since the 1st
259.689
323,217
850,181
8’me time
of January the exports aggregate 146,075 packages, valued at
iPPfi
143.251
172.25 1.345,117
747.540
$8,702,098.
Of this total China has had 74,969 packages
The destination of the exports is as Oelow.
Wo aOu tne
valued at $3,562,063; and 29,070 packages, valued at $2,086,•
corresponding period of last year for comparison.
seaboard ports for the wet k
shown in the annexed statement.
The exports from the several
..
,
to—
19“7.
Week,
Sept. 24.
Sept. 25.
Bbls.
Un.King.
Cont’nt..
S.&C.Am
W. Indies
Brit.col’s
Oth.c’n’t*
Total.
Sept. 25.
Sept. 24.
1,993
21,356
1887
Week.
Sept. 24.
Bush
894,275
450,842
3 17
323,217
172,258
A
184,178
20.0
9
6,03u
5,b0u
15,062
957
HU
535.233
2,034
'
15,076
46,3-2
Sept. 25.
Bush
193.594
57.1 76
40
12,010
11,190
L8c6
Week
"
1,6*85
8;0.18l
1,345.1 17
259.689
747.540
By adding cnis week’s movemem to our previous toiais v*e
have the following statement of exports this season and Iasi
season:
Exports to-
Sept.
25, 1886.
to
Sept.
Bbls.
Bbls.
Sept.
25, 1886.
Sepl.
24, 1887.
pt.
25, 1886
Bush,
Bush.
B'ush.
Bus>•
420,559
26.438
656.401
48,323
24,970
39,9*4
07,210
51,210
525
2,541
4,607
1,081,420
688,-04
8. 4C. Am...
51,652
82,041
6-1,762
West Indies.
61,072
Brlt.Col'nlea
Oth. countr’s
54,040
3,191.111
1,981,283
2,605
5,174.999
3,903.167
3,294,089
2,352
74,787
24,100
2.159
2,087
5,215
7.228.708
1,239,837
2,087,137
The visible supply of gram, comprising the stocxs m grana> y
at the principal points of accumulation at lake and seaboai d
ports, and in transit by water, September
In store at—
New York
Do afloat
Com,
Oats,
:
Rye,
bush
bush.
bush.
hush.
5,344 742
213,277
350,036
21,924
158,900
174.800
27.000
50.300
0,* 00
86.112
1,000
Bnflalo
2,355,829
Chicago
Milwaukee
4.970.466
912,843
734.046
Oswego...
24, 1887
Wheat,
Albany
Toledo
Detroit
as
fol
ows :
Sepl. 24,
07 7«>3
332,636
2,2c 0 04 > 1 ,320,268
18,9. 0
2,318
46,059
20,116
53.737-
31,617
21,5“0
719 3* 0
18,7 65
17,997
40,000
28,000
1,M
,734
Sept. 25,
i887.
Cloths—
leld by Providence manuf’rs. 173,000
64,000
Fall River manufacturers...
0*,000
Providence speculators
75.000
to S
1,308,723
463,862
Total
to
to Sept.
24, 1887.
t
765,186
780,907
Un.Kln?dom
Continent...
Duluth
were
.
Corn
Wheat
Sept. 1/87. Sept. 1, ’86, Sept. 1,’87, Sept. 1. ’86, Sept. 1. ’87. Sept. 1,>6
24, 1887.
in
in
pi in and colored cottons on account of back orders, which
a considerable portion of the output of the mills,
out new business was chiefly of a hand-to-mouth character,
and only moderate in the aggregate amount.
Sto *ks are for
the most part in excellent sn -pe, and prices remain steady on
ail desirable makes of
brown, hi* ached and comie 1 cottons.
Print cloths were quiet in demand, but pri es rul d firm on
t e basis of 3 5-16*. Crsh for 64x64s and 2Jq@2 15 16c. for
56x60-«.
S ocks last Saturday aud in the three previous years
Stock of Print
Flour.
of
absorbed
Bush.
551818
29c, 293
tibls.
11
219,155
5,019
36,62 8
1886.
Week
1387.
Week.
1886.
Week.
.
Exports
for week
304, have gone to South America. For the similar period
1886 the exports to all ports reached 164,077 packages and
1885 were 139,721 packages.
There was a fair movement
Corn.
Wheal.
Flour.
Bar lex,
bus'.
18.5*5
10,600
3.000
100.303
2
8 214
144,736
'
527
5 5
1.000
115,UO
374,000
lc80.
57,000
20,000
8 1,000
15,000
Sept. 26,
i8»5.
Sept. 27»
1
684.
31 l.OwO
419,000
515,000
280,000
150,000
295,000
150,000
363,000
176,000 ]1,104,000 ]L,379,000
first hands, tut a fair distribu¬
jbbers. L’ght dress ginghams,
z-phyrs, &c., were in fair demand, and some good-sized orders
were placea for later delivery.
Domestic Woolen Goods.—Men’s-wcar woolens were in
moderate demuid ny tbe clothing trade, and new business,
coupled witti deliveries on account of back ord.rs, reached a
fair aggregate amouur.
Prices though low, and in some cases
bareiy remunerative to the mills, are for the most pari steady,
aud stock- of really desirable goods arc well in hand, while
many makes of cheviots, cassimeres, suitings and worsteds are
largely sold to arrive. Cloakings and stockinets were in fair
request, as were black aud blue beavers. Light-w igut sati-.
nets were ordered m
fair quantities for liter delivery, and
there was a fair movement in Kentucky j^ans and doeskins.:
Prints were mostly quiet in
tion was made by leading j
jobbed witri some t«eedom, and
agents’ Han ts. Worsted
and all-vi ool dr- 8s fabrics continued in ste uly, tnougu moderate
request, and staple niaKee are hruiiy held. Carpet' were in
moderate demand at firm prices, and there was a good busiFlannels and tdanke 8 were
tnere was a
light re-order demand at
nesa
ruled qniet
Foreign Dry Goods were distribute 1 in fair
quantities by.
jobbers, but the demand at first han^s was irregular. Dress
goods were in moderate requ st, and some pretty goof orders
for certain specialties adapted to the spring trade were pDced
with importers.
Dress silks were more or lesi quiet, but
plain velvets and plushes were in fair reque-t. Clothing
woolens have not shown much animation, and there was only
a moderate busine s in other imp >rte 1 fabrics.
Values have
5l
but velveteens and fancy velvets
materi Ily changed,
favor the buyer.
not
Importations of Dry
Goods.
The
domestic
o
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s
s
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Beeswax
Breadstuff's—
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fC G
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coco
B
£
X
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tNJ
©
25
to
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H*
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C5
M
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to
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* Xif».
05 1
4
M 1-51 1-1 —1
© 1-1 -o
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4- cO
X
If-
I
V|
bo
— © — to
4-
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as
5
* a.
—
S
at
X Cl ©
Rosin
Tar
Pitch
Oil cake
Oils—
Whale
2,885,413
bush.
bush.
bush.
36,590,786
© Cl x © CO
1
1
a!
'
© 4 O' Cl Ci
X ©
© Cl
X
_
C X 'to ©
C 4 © CO i '
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©
7.042
188.579
bush.
9,490,275
.pkgs.
36 384
17,334,527
33,730
tons.
49,0^7
..bales.
506,118
pkgs.
146,277
74,551
63,784
2,255
bids.
....bids.
bids.
bbls.
bids.
355
162
21,348
144,723
6,276
13,812
13 L,515
5,665
3,725
1,467,783
1,901,2.87
16,389
3,318
Lard
gals.
410,720
Linseed
gals.
gals.
50,242
136,315
52,540
501,598
37,510
265,243,299
280,834,855
bids.
bbls.
tierces.
128,241
124,687
3 7,099
lbs.
179.794,957
lbs.
lbs.
lbs.
bbls.
lbs.
8,037,881
,301,079
133,018,700
.'
■-
Cheese
Lard.
Rice
Tallow
.
hints.
Tobacco
9.611
120.011
Whalebone
52,163
28,449
24,189
194,292,339
8,683,66 t
62,14 i,506
6
169,764,245
13,015
12,859
29,026,039
17,164,049
89,578
57,666
bales and cases.
45.3 45
40,341
lbs.
5,93 4,151
116,472
6,2^0,078
Tobacco,manufactured.
• -1
57,223
6U8.444
161,247
...bales.
bales.
Tobacco, leaf
V)
1-* -*
|
1
58,314
160,929
207.210
gals.
Butter
>-*
yj
bush.
bush.
Cutmeats
<•
?
120,954
80,129
23,618,710
169,773
628,203
gals.
Pork
Beef
Beef
10 4 © Cl X
to 4-1 M
"4 © CO 45k o
1,647
88,067
cwt.
Petroleum
Provisions—
c*
r%
00
1.864
Sperm
Cl
Iom
..
133,781
c to ©
to
1
1
*
to to © 4-1 *.
X CO to © ©
4 4
‘x
^
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1
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ft
-
o’
to
;;
-
Spirits turpentine
*
.
O 45.
Co © x 50 CO -fi
to
CO to
© i“* w © to
3,666,962
...
Naval Stores—
Crude turpentine
X to O
4
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CO K © -J' O'
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7.
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X x 05 ./•©
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156
bids.
....bids.
bids.
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Hops...
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Peas
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-
2,768
Barley
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Corn meal
Wheat
Same time
1,
75 3
162
bids.
....bids.
lbs.
Ashes, pots
Oats
S1
o
S>
of
produce from Jan. 1 to Sept. 27, in 1887 and 1886.
exports from New York of all leading articles
Since Jan.
1»87.
importations of dry goods at this port for the week
ending Sept. 29, 1887, and since Jan. 1, and the same facts for
the corresponding periods are as follows:
H
p
following table, based upon Custom House returns,
shows the
The
H
Produce.
Exports of Leading Articles of Domestic
fancy knit woolens, but wool hosiery and underwear
in
419
CHRONICLE
THE
1887. J
October 1,
Cb
jo
5;
aS
4q
Receipts of Leading Articles of Domestic
CL O Gi O Gl
Produce.
B
O'
COM
CO
\X/
tc
c.
Ol
X^l
CC
J*
L*
C
x CO ih.
C.4COI- to
— 4- Cfc>
0. x~
CO
to
05
Ol I
CO
CO t-*
:t o«
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r i
© ©
to to © CO t-1
1
10
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Of
Of
CO
to 1^. CO
o.p
r—
to
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to
w-X
CO
CC '*■“
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p
to
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X
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4 © Cl 45* ©
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4 © *103 0
is.
^
r-
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a1
50
4- CO - i
03
>4-
J. 4 tO
©.
co
’l
O
-J© 4
’
a—
New York Produce
Exchange, shows the receipts of leading
articles of domestic
produce in New York from Jan. 1 to Sept.
27 in 1887 and 1880
l
if*
—
J*
—
Since .Tan. 1,
1887.
X
4
c
-1
Ashes
Beans
Imports of Leading Articles.
China
Earthenw
Glass
Glassware.
Glass idate.
Buttons
Coai, touts...
.
Cocoa, bags.
Coffee, bags.
Cotton, bities
Drugs, tNio—
Balk, Peru.
Blea. powd.
Cochineal..
Gam bier
.
.
41.073
28,175
42 <5,358
5-, 481
10,on 6
11,770
1 ,U60
120,6.9
2,lo9,6'< b
3,977
2,497
23,6^4
972
36,15ic
Gum, Arab.
752
Indigo
Madder, &e
Oil, Olive..
Opium
Soda, bi-cb.
7,319
..
..
Soda, sal...
Boda, ash..
Flax
Furs
Gunny cloth
Hair
Hemp, bales
Hides, Ac.—
Bristles
..
.
Hides, dr’sd
India rubber
Ivory
Jewelry, AcJewelry
..
.
Watches
Linseed
Molasses....
.
.
370
59,97 9
1,507
6,70;
13,426
47,856
6,s0O
10,384
3,864
30,419
20e, 081
2
<
“
,42<
403,013
D0J
c>
X l)
7,290
2,678
5,409
66,597
l,5o4
RR. bars
10.001.
Lead, pigs.
Spelter, lbs
42,5-0
5,44 i,190
Steel
3..-E
1,744
90,4 5
90,8*2
9de;
5,45
:
5.183
541
2.54
<10,3 2
3,0<'6.490
2,5 0,-'.20
1,5> 1.6 »6
367
baskets..
Wines
56,173 Wool, biiles.
54,649 Fancy
5,092 Fish
goods
1,230,415
479, L43
49 7,041
•
410,331
16.479 Fruits. An.—
3,210
l*emons
2 1,47*.
..
Oranges
240,461
.
...
Nuts
1,904,914
1,001,964
787,420
3o4,60O
621,>*9 .
2.870 Hides, undr. 12,004, *5.63 14,222,8^9
1 ±9,280
5,482 Rice
358,351
Raisins
....
68,1 34 Spices, Ac.—
1.301
(lassia.
....
2,747 Pepper....
1,241 Saltpetre
56,97s Wootls—
73,834 Cork
...
Logwood
4*.5| Mahogany.
4,121
..
Barley
bush.
Peas
Cotton
Cotton seed oil
Flax seed
Grass seed
96,168
99.0-52
110,905
824,238
lt»3,701
870, >89
185,916
Hops
Leather
Lead
Molasses
Molasses
Naval Stores—
Turpentine, crude
Turpentine, spirits
•
Oil, lard
hush.
bales.
bbls.
bags.
bags.
No.
bales
...bales.
...
stiles.
pigs.
hhds.
Pork
Beef
Cutmeats
Cheese...
Eggs
Lard
Lard
Hogs, dressed
Rice
1,391
whiskey
4^3ftit>n
583,594
416,42
3ft5,536
Wool
8",975
35,432
59,345
2,514
65,840
244,566
16,919
bbls.
87,999
256,586
18,168
pkgs.
331,485
bbls.
galls.
3,701
467,032
3,143
bags.
76.416
77,378
pkgs.
pkgs.
pkgs.
pkgs.
pkgs.
78,888
20,793
652,065
1,256.862
67,994
28,448
1,215,641
bbls.
bbls.
bbls.
1,221
810
[632,072
1,445 032
1,465,724
bbls.
965.542
262.792
898,820
303,464
kegs.
182,498
32,147
60,521
124,140
16,464
185,994
33,445
tcs. A bbls.
No.
pkgs.
pkgs.
114,099
548,513
35,089
228,469
bbls.
Stearine
603.403
706,203
79,980
293,704
21,615
slabs.
802.202
5 yti Zl)
333 063
69,524
2,028,478
bbls.
Spelter
Sugar
185.007
25,1.10,120
14,725,407
5,337,761
1,571,185
Provisions —
Sugar
Tallow
Tobacoo
Tobacco
222,949
.
Hides
Hides
Butter
2.296.573
1,458,381
1,086,046
250,926
27,082,433
bush.
bush.
Oil, whale.......
45-.059
3,717,467
259,018
35,324,494
372,566
12,718,978
14,430,672
5,231,603
20»,272
644,530
60,o65
50 7,658
78,7 92
88,828
67,o63
19,529
hush.
170, b6
96,348
$
1,207,752
4,916.866
bbls.
Rye
reanuts
$
bids.
Corn
Oats
124.382
1,211 Reported by
12,60*5 value.
20,6,37 Cigars
1,633
70,597
bush.
'
148,210
158,358
78,92 L
1,623
83,568
Wheat
Rosin
Tar
Pitch
Oil cake
Champ’gne
Fustic
Hardware.
0,51 1
75,750
Tin, boxes. 1,511,*;05
Tin slbs.,lbs 20,296,801 22,9 9,550
33. i 3..
58,5o. Paper Stock.
20o,4*7
253,o6o
2,467, it? Sugar, hhds,
-7,742 tes., A bbls.
346,779
326,836
Sugar, boxes
2,040 and bags... 5,190.522 6,229,8 57
30,110,Tea
077,57ft
829,161
1,058 Tobacco....
84,503
60,077
44,88-1; Wines, Ao.—
Ginger
2,888
1886.
107,29*i
11,74
1
Metals, Ao—
Cutlery
Metals, Ac—
33,149 lion, pig...
1807.
hills.
...bbls.
Breadstuff's—
Flour, wheat
Corn meal...,
[The quantity is given in packages when not otherwise specified.!
China, <Vo.—
Same lime
previous year.
CL
following table, compiled from Custom House returns,
shows the foreign imports of leading articles at this port from
January 1 to September 23, in 1887 and 1880:
1886.
:
to © -ft
The
1087.
the
St
CL
-
following table, based upon daily reports made to
•
©
© C 4-> CO ©
X
1
— X 4
to ©
►-iO^p-q
05 05
CO c
In,
^
cc»
to
1
CO 4
CL -0
CO
if
«*.
-1
X -1
o
The
C © Ol
4- © to © to
H-k
1
to
to x
p
1
I 7“ 4
©
to 0" X
>.»
1
-
GO
w
X
it.
'J- O'.
O'
CO
B
H
© ©
*•
co to
-l-
x
1
1
(=5
C' X to
^4
tO H*
to
p 1
C. 05
O
p
rrPPP
•
a
,
C5 !
CO
p
I bob5
4- 4-1 f
bids.
hluls.
pkgs.
boxes A cases.
hhds.
bids.
bales.
580
1,476
54,990
99, 294
66,«02
137.265
112,986
49,960
66,064
11,883
1,233
1,536
56,368
102,699
98.206
151,714
129,257
THE
450
ffinattcial.
’The Investors’
240 La Salle
(M. L.
|Vol. XL\
fBanhcvs and jBtoliers ©at of 34cto <(ovh.
NEW
Agency,
SOUTHERN.
i:\01.A\i>.
ATLANTA.
St., Chicago, 111.9
SCLDDEIt, Jr., Proprietor.)
ANSWERS
CHRONICLE.
Irving A. Evans & Co., Humphreys Castleman,
brokers,
bankers and
INQUIRIES CONCERNING
BROKER
No.
American Slocks and Securities*
Largo Library of Railroad Documents.
Competent Experts.
Conndenlial Reports,.
Moderate Charges.
53
STATS:
OF
BOSTON,
AND
YORK
NEW
Stocks and
STOCKS and
BONDS
Auction.
At
The Undersigned hold REGULAR
AUCTION
in ail
ADKIW
II.
MJLLCR &
35
No.
CONGRESS
SOY,
THE
OF
BOSTON
RICHMOND,
Dealers In
CENTRAL
STREET,
.
Balti¬
—mb—ata—a—BwawHWHB—iirarmiT i tut
PENNS* M AXBA.
YORK
AND
JB. W. Clark 6c
EXCHANGES.
Co.,
BANKERS AND BROKERS,
No. 35 South Third Si., Philadelphia.
Railroad, municipal and of her desirable invest-
Municipal, State, Railroad
United State*
and
V A
Private wires connecting with Washington,
ALSO,
COLORADO
Co.,
6c
more, Philadelphia and New York
New York correspotidentH Pr'me.e A Whit.oly
NEW
STOCK
Ga.,
Statu Bank. Building
BOSTON.
MEMBERS
OF
KINDS
BANKERS AND BROKERS
BANKERS,
SATURDAYS.
NO. I PINE STREET. NEW YORK.
C. W. Branch
Estabrook,
&
ON
AND
Market*.
Brewster, Cobb
SALES, of all classes of
AN1I BONDS,
ALL
N'ew York.
References : Atlanta National Bank, Atlanta,
tnd Fourth National Bank. New York.
EXCHANGES.
Botighl and Sold
iionds
STOCKS
WWTiNRPPA YH
STOCK
IN
Bonds and Stocks bought for sold on commission;
Georgia and Alabama Securities specially dealt tn.
Correspondents: Tobey A Kirk and A. Dutenhofer,
'
PHILADELPHIA
DEALER
SECURITIES.
BOSTON.
MEMBERS
AND
STfiftEKT,
Rond*.
Securities for sale.
Transact, a general banking business. Allow
deposits.
Members of the Philadelphia and New York
rneut
Consolidated
Mining
Co.,
48 EXCHANGE PLACE.
Paul Lichtenstein,
R. Y.
Jasuratxce.
No.
WE Y If OSSET
52
York.
Gerlach &
STREET,
to
Successor^
PROVIDENCE, R. I.
HANKERS
Dealers in Commercial Paper. Government and
)ther tlrst-class Bonds and Securities and Foreign
'xchange.
Private Telegraph Wire to New York and Boston
No.
IN
THE
CITY
OF
(ORGANIZED
NEW
IN
0.P. FBAi.ETOH.Sec.
WM. T.
437
PHILADELPHIA.
Philadelphia and New York Stock
Exchanges.
Cable Transfers, Bills of Exchange and Letterg of
Members of the
Credit.
Rea Bros.
Wilson, Colston & Co.,
425 Wood Street,
BALTIMORE.
ipecialty.)
Correspondence
FORD, President,
solicited
and
information
fur¬
New York and Philadelphia Stock
Robert Garrett 6c
AU Policies Issued by this Company are indisput¬
able after three years.
N o.
One month’s
grace allowed in the payment of
Tontine Policies, and ten days’ grace
on all others, the insurance remaining in full fortw
during the grace.
IN O U T Bl
*
GENERAL
TRANSACT
A
FORKIGN B A N K I NG
ESTABLISHED
T R E U
T,
Du.MBSTlC
bisner
L A NliKllti AN I >
BI 81N ESS.
B A N K
on
6t
No.
and
Absolute security, combined with the largest llbe~allty, assures the popularity and success of this con -
Opposite second 8t
pany.
Union wires in their oilices, bj
means of which immediate communication can bt
nad with all commercial points in the country,
Es¬
pecial attention given to purchase and sale of Vir¬
ginia Consols, Ten-forties, Deferred and all issues
of the State, and to all classes of Southern .state
•”it,y and Railway Securities. Correspondence so¬
to represent the Com
invited to address J. 8. GAFFNEY, Super
intardent of Agencies, at Home Office.
32 SuUTH STREET,
E,
I) . ,
No. 51
INSURANCE CONI PANY
BANKERS
BROADWAY, NEW YORK.
Organized A. 1). 1850.
to January i, 1887.
Premiums received
Claims paid to policy-holders, returned
premiums, dividends, etc
Assets
DESCRIPTION—One ol‘
i
Barrett,
ANP
24,000,750
11,310,058
BROKER8,
Street,
PORTLAND, MAINE.
road Bonds, Bank Stocks, Ac.
Desirable Investment Securities constantly on hand
urrender values.
desired.
RISKS careful and selected.
or
not,
ESTABLISHED 1871,
P.
SOUTHERN.
as
A.
General Agents and Canvassers wanted in desir¬
able territory, to whum permanent employment and
liberal compensation will ne given. Address.
JAME-i M. MCLEAN, President.
J. L. Halsey, 1st V.-Pivs.
H. B. Stokes, 2d V.-Pres.
H. Y. Y\ emple. Secretary. S. N. Stubbing Actuary.
Hartridge,
SAVANNAH, DA.,
SECURITY
on
Dealers
B R O K E R
Negotiates loans on marketable securities.
w York Quotations furnished
by private tickei
ft eon uunotes
STEEL PENS
GOLD MEDAL PARIS
EXPOSITION-I87a.
THE MOST PERFECT OF PENS
.
j
BANKER8
AND
COMM 1881 ON
RICHMOND,
Circulars and Information
VIRGINIA.
funding the debts ot
Virginia and North Carolina free of cost,; one-eightk
per cent charged for funding. Southern Railroad
and State and City Bonds bought and sold.
Bonds,
iiustis cx. Co.,
<px**o.
.
Entire attention given to purchase of COTT< N
VO ORDER for SPi'JVWka md EXPORTERS
CNDK.V
to.,
MERCHANTS
Local
BANKERS,
cincinna n.
every
A.
LOUIS.
in Western Securities and
George
commission all classes of Stocks
RRANUfll
Co.,
STREET,
Stocks and prime Commercial Paper.
Bonds.
THOJ1A8
OLIVE
ST.
L.
Buys and sells
ind
JOSEPH ClLLOTTS
F. Keleher &
317
PROMPT, liberal dealing.
Co.,
oc
Metropolitan Street Railway of Toledo, Ohio,
Dealers in Government.State,County, City and RaJ7
he oldest, strongest, best.
RATES—Sale, low, and participating
Street,
Investment Banker*, Cleveland, Ohio.
Specialties: Town County and City Bonds: Lake
Superior Iron Mining Stocks, “Republic ” “Cham¬
pion,” “Cleveland” and “Jackson.” STREET Rail¬
ways— Denver City Street Railway Co., of Denver,
Col.;
Street Railway Co., of Grand Rapids, Mich4
POLICIES—Incontestable, nou-forfeitable, detiu-
itc cash
Co.,
CINCINNATI, OHIO.
186 Middle
$31,748,115
West Third
Chas. H. Potter
Swan &
150 ANI) 158
Wm. Fairley
STOCK, BOND AND NOTE BROKERS,
licited.
LIFE
Exchange.
H. B. Morehead &
R A L T I M O It
MANHATTAN
AVKNI’E.
Y.
II. B. Mohkiiead.
Have Western
GOOD AGENTS, desiring
.
EPS,
in tluveinmentu, Stock
ImvcNlMicnt Seetiritfe*,
,
B U<) K F R S,
FOURTH
57
bons,
Dealer*
And
ifiat
lft71.
Whitney 6k Stephenson,
A N11
Oldpst I’iitshmv member**
Win.
Exchange.
New York,
pmsimiuj,
kSALTBiaORE,
as s„on
satisfactory proofs have been received.
This Company issues >ii 1 forms of
Insurance, in¬
cluding Tontine and Limited
on-Forfeiting) Ton¬
tine.
as
Sons,
BANKERS,
7
Exchanges.
Boston, Phih.debjLia,
Baltimore and Washing! on.
A. Wheelwright, Anc’t Sec.
Standen, Actuary.
PSllsImrg, Pa.
Pittsburg Petroleum, Stock and Metal
Private wires to
•
re
EXCHANGE,
MEMBERS
nished.
N. Y. Correspondents—McKirn Brothers & Co.
ilvely.
pany,
Co,,
AND DEALERS IN FOREIGN
(INVESTMENT and SOUTHERN SECURITIES*
All the pruCts belong to the Policy-holders exclu-
Premiums
6c
BANKERS AND BROKERS,
BANKERS AND BROKERS,
YOU 14.
1S50.)
All Death Claim'* o.-.id without disci rtvt
Gerlach,
BROKERS
CHESTNUT STREET,
(Members of Baltimore Stock Exchange),
261, 262 & 263 Proud way, Now York
G. II. BUR
Harjes,
Narr 6c
AND
HALTfiMORE.
The United States Lift
Insurance Co.
Stock
Exchanges, and connected by private wire with Mew
BANKERS AND BROKERS,
Vice-President,
w. E. Mantius,
Treasurer.
Secretary
G. w. Hall, Sup’t.
inter¬
est on
Wilbour, Jackson & Co,,
ii. r. Baltzer,
President,
Martinsen,
IOHHUA WILBOUR, CHARLES H. SHELDON,JR
3knjamin A. Jackson, William Binney, Jr.
N.
W.
E
■»*”
O
’*T%
Harris 6t
Co.,
CHICAGO and BOSTON.
on
DflMHC
Counties, Cities, &c., of high grade a
Descriptive List*.
pUIMUO specialty. Send tor
@FedFRASER