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andW
HUNT'S MERCHANTS' MAGAZINE,
REPRBSEXTINO] THE INDUSTRIAL
AND OOMMEROIAL INTBRESTa OP THE UNITED STATES,
SATURDAY, OCTOBER
VOL. 45
C
1,
NO.
1887.
ONTE NTS.
Week Bndlnf SrvU M.
THE CHRONICLE.
Clearlnff Honse Rxturns
Tlio Finaucial Sltimt'nn
" Tli« ftllv.T Pdiinrt."
nilnois'H SlK.rt-Sljjlited
roail
Here and
418
Mon<»rarv
EnKH»li
We«kly Riiilrnad EanilnKS
FuiportH
and Exports
420
Revtaw
and
L'onuutiroial
423
Sale* nf^
IStnckt
tluma.)
(Cotton
balet.)
425
Me.oi8.su
•eL:«s,C87
(3.80«.,371)
buvMt.)
(2,1.3I,1»71
(4I-/.H00)
(82.«33.1'.J71
(407.600)
(3U.SH4.4e S
bbU.)
(3i,74e.uOO)
(.16,830,000)
81.417.612
67,71S.a91
4,2MO,40O
1,677.848
+2\^
1,0M.2IM
-1-4
(Ptlnltum
and MlHOellaneoua
420
ber
i'irain
424
Ncwe.
o( 8ept<?in-
New York
Commercial
NewH
Boston
Pr vldflnce..
Hartford
New Uaven..
Portlund
4.a'>.S.()00
X,»I3.»5S
1,0«9.8»»
1,007,37.
Wo'Cestftr...
M»^J73
l.OBH.HKS
Messrs Edwards &
Smith, 1 Drapers' Gnrdens, E. C, who will take
subscriptions and advertisements and supply single copies of the paper
•t Is. each.
H. DA'OA Sc Co., PnblUherB,
WILUAM B. DANA S'WII.IilA'n
loa WUlIam Street, HEvr YUUK.
fOIIH O. FL^ro.
Post office box 958.
CLEARING HOUSE RETURNS.
There was a further addition to the volume of bank
exchanges at New York during the week under review of a
little over thirty millions of dollars, mainly the result of
increased speculative operations on the Stock Exchange
twelve other cities also exhibit gains over a week ago, rather
unimportant in amount, however, except at Phiiadelphia.
At the remaining points covered by our statement losses are
shown, but they are in general quite small; in fact, in many
cases merely nominal, the only decline worthy of mention
being at San Francisco, about three and a half millions. The
net result in the whole country is an excess compared with
the week ending September 17, of |33,032,429.
During the week of 1886 with which the present figures
compare, there was a very decided gain in the total of clearings
at New York, in consequence of the marked increase in dealings at the Stock Exchange
in fact, share sales almost
doubled. By reason of this there is a decrease at New York
contrasted with last year of 4'7 per cent. Many cities in the
West and South continue to exhibit large additions to their
figures of a year ago, Memphis being in the van this week,
with 90 per cent, followed by Wichita 84-2, St. Joseph 78-4,
Omaha 48, Peoria 46-8, Columbus 38-8 and Kansas City 342
per cent. Altogether, the aggregate outside of New York is
in excess of 1886 by 14'6 per cent, and this is more than
sufficient to overcome the falling off at New York.
Pursuing our usual method of deducting two-and-a-half
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
S7'7 per cent.
1887.
IV
P.C0mi.
6«.<IS4,786
(-87^)
(+18
f-lS-8,
(-12-6)
t1-7
-98
+12f
+107
(l,49i.74«]
+7l||
(410,100
((U,4M,U0O]
+io«
80,740,980
4,4711, <00
1,531.529
1,076.243
+8*
-111
911. 014'
+3-0
924.759
8<S.!>73
841,93><
445.S3t<
1,0>H).24H
-1-S8-*
ei4.M0
+I0-6
616,428
-(-7«
te.8e9,ii2u
77,774,678
+19-4
81,308.638
Philadelphia..
Hlitsburg
«0,43?.2«0
10.SH4,748
69.741,403
H.04O.9K6
-l-ll
53,748,145
—4-7
+2K-9
12,483,Ut<ii
lJ,Ba»".5«3
+Ti
V,'<7e,321
12,390,1107
-l-Sl-5
BHllimore
—l-t
Total
Iiondon Agents
an increase of
thid't 8«i>(.
New England.
+«6'
:
For One Y«ar (inoludioi; postage)
$10 20
do.
ForSli Months
6 iO
Eiiropoan Subnoriptton (Including postaije)
11 28
Annual subscription In London (including postage)
£2 7s.
do
do
do
£1 8s.
8lx MoA.
BnlwiTiprionn will be continued until deflnltely ordered stopped. The
pal'UskerK cannot be respimsible (or reiutttanoes unless made by drafts
or Post Ollloe Money orders.
These prices iuuiude the Investors' aopPLEWUNT, of 120 pages
Issued onee In two months, and furnished without extra charge to
ubsorlhern of the ClIROyici.E.
A Hie cover is furnished at 50 cents; postage on the same Is 18
cents. Voiumes bound for subscribers at $1 00.
;
p
Sprlnirfleld...
Lowell
Terms of Sabscrlption— Payable In Adrance
W€4k
P. C«nt
422
423
for
Aii);ii8t
la
Grrat Brliatn
FlMttiiclal
How to Pay the Pour Pn Cents
Kal'-
PoUiy
Tlie In>n Innuotry
413
414
417
1,162.
Total Middle.
83,280.100
79,447,5ei
-M-8
,0> 4,588
Chicago
(W.705,57fl
60,966,B«»
-I-16-8
58,727.075
CTlncinnatl
lo.isa.wo
10. 11(5.600
+or
10.4n7,»S-P
Milwaukee....
Detroit
4,3U0.o3ll
8,544.841
-t-ai-8
a,74»,062
3.><11,'.!0
-t-2f5
IndiiinapoltB...
1,63»,»S
4.053,411
4,064,721
1,770,517
Cleveland
3,145.136
i-9-5
3..'(6;,907
t'olurabus
2.1!4e,a7«
l,3ai.,W)8
1,S54.784
2,874,IH»
l,ei8,75H
+3S-M
903,4:9
+468
1.956,^95
4,l:«.8<4
1,679,877
+280
S,l«",3!i9
4-22-1
395,322
376,853
+ 298
2,473,989
l,i»>,i29
8,015.K16
4. 144,457
2.HIU.279
8,658.646
577.985
736.566
2,22 52
261,62 .t
Pe'Tia
UmabH
!i,s9>l.2lo
Minneapolis...
4.153.0UM
2.14'.619
3,6S3.i88
Denver
Paul
St.
Qrand Rapids..
4t).,44S
Wichita
Duluth*
Topeka*
604,103
l.h2B,032
421-0
-t-4»>0
+0-4
+ 842
2V.J,75U
99,671,333
86,495,212
+18-6
101,059,224
St. Louis
St. Joseph....
1P,517.824
14,339,509
-4-15-2
17,597,13"
Orleans..
loulBTllIe ...
5.637,309
4.674.463
6,702,00a
1.5>B,527
Total Western.
l,4-<n,H:6
New
KunMi.«4 City...
Memphis
*
New York.
Not included
4.993,57m
880,379
-(-900
+342
la
+si-»
+M-n
-27-1
+8S*
1,775,0.5,
—80
788,687
691,441
+14-1
88,983,004
32,666,490
+19-3
40,516,611
+IW
18,305,370
12,648,674
+81-0
18,807,128
+£»4
9^9,1S7,319
979.755,0"0
956.1<4.920
330,109.0351
288,032.613
+14-61 "327,490,134
Total Soutbem...
all
l,ltil,IIW4
5,8M5,I»<0
4,9711.44
7, <03,54 i
l,633,'-28
San FraociBCO
Total
-I-78-4
+6-0
+19-8
5,8lii,9.<>
l.e69,MI7
1.379,967
628.2 3
Galveston
Norfolk
Outside
S2l,270
S.902,>!b3
+14t
+1%
~
-Hr4
in totals.
Our usual telegraphic returns of exchanges for the five days
have been received, and they record a decrease over the five
days of the previous week. In comparison with the similar
period of last year, the aggregate for the seven cities exhibits
a loss of 18 '8 per cent. The estimate for the full week ended
Oct. 1, based on these telegraphic figures, points to a decline
from the week of 1886 of about 15-5 per cent. Messrs. R. O.
Dun & Co. report the number of failures for the third quarter
of 1887 as 2,246 (1,938 in the Uuited States and 308 in Canada),
against 2,190 for the same time last year.
JMunu
Wttk Ending
WukSnd'tStpt.M.
Oct. 1.
by TiUgraph,
1887.
Nsw York
Sata of StMk
Boston
(skarea)..
1886.
P. Clml
608.119.918
(1.126.161)
(2.188.187)
(-4»8)'
60,140,892
62,S6.'<.ia4
-3 6
68.68W.644
47,738,660;
-6-1'
52.178,151'
10.817.149
60.400.000
14,194.670
-Wl
+ITS
+1»«
t*S
-t«
44.81S.690
8.842.992
8,917,442
-0-8
Chleatio
46.099.000
11,949.944
41,880,000
-no-i;
13.844.48B|
-»8
New
Orleans
Total. Sdaji.
Sstlmated
1
dar
Total full weak....
Balance Coontrr*
Total waek.alL.
*
..
P.OmL
459.676,927
Philadelphia
Baltimore
8t. Ix)nla
1887.
->4'0
eUi348.S«S
(I.H«4,430I
6441.890
4.441.887
-H6-7
4.7>>8,auR
686,B74.786
78.3.672,815
—18-8
160,000. 120
191,420,017
743.81 LSIS
162,106,188
—l&y
"l8-S
84.1;fT.461
-t-ie-4
8V9,ai7.4«6
91,lie.l0<
894,690313 I,C69,2<5,799
+ 16-9
9I>«,64II.M0
798.874.865
97.915,488
Vor Uia tail aeok. baaed on last week's rMorss
+ao«
-nr«
+81-8
~+H
THE CHRONICLE.
414
THE FINANCIAL SITUATION.
There has been a decidedly
correct.
We hear
afloat for
New
reports
York, and
as
all
high as $4,000,000
now
The
the continent.
frora
gold since our last have been
with arrivals of
anxious feeling
less
XLV.
[Vol.
$22,650 on
Monday, $98,925 on Thursday, and $350,000 yesterday.
Mr. Fairchild's visit to New York this week and his
free conversation with many of our leading bankers and
an earn- business men was an interesting event and will lead to
visit of Secretary Fairchild has been accepted as
good results. Practical views with regard to matters
interbe
to
business
allow
est of his determination not to
affecting financial and commercial affairs must be chiefly
movethe
sure,
To
be
contraction.
rupted by Treasury
obtained through contact with those most closely conbut
free,
still
is
and
West
South
to
the
currency
ment of
week,
nected with the activities of life, and in seeking the
last
large
as
quite
as
been
not
has
outflow
the
Sscretary gives emphatic evidence of his
•while more was received, making the net loss on the conference the
regard to the money market this week. Rates have not
declined materially, but the disbursements of the Government have helped replenish the bank reserves, while the
A
than then.
smaller
movement considerably
interior
upon the same matter is that
in Boston the money market is much easier and a considerable portion of the receipts this week came from that
centre. Money on call as represented by bankers' balances
fact of importance bearing
transactions at
collateral.
freely than of late,
and some of the
banks are in the
city
market, but they are selecting the best names and
demand
the highest rates of discount. The choicest quality is also
finding purchasers from out-of-town iostitutions at a frac-
Quotations
in the city.
tion lower than the rates offered
average grades are 6 to 6J per cent for 60 to 90-day
endorsed bills receivable, 6^ to 7 per cent for four
months commission house names, and 7 to 8 per cent for
for
good single names having four to six months to run.
The Bank of England minimum remains unchanged at 4
per cent, although the rate of discount for 60 day to
3 months bank
failure of the
likely
small
to
make
his
At
business needs.
action accord so far as possible with
the
same time there
is
no reason
whatever for supposing that he came because any change
was imminent in the Treasury action; very likely it was because no change was imminent that he improved the occa-
and suggestions. The 14 million bond
payments have afforded all the relief
moment.
Our most conservative men
first-class
the
months
on
necessary
for
three
for
cent
per
5^
Commercial paper has also sold more do not expect or wish to have the Treasury surplus poured
has loaned at 7 and at 4 per cent, averaging about 5 per
cent. There has been urgency for time loans, and we hear of
bond
desire
continues
bills
3J^ to
at
Bank governors
The
4 per cent.
to advance the rate is
due to the check to the exports
of gold to London from
movement
vt-
ry
of gold, to a
Paris,
and
to
sion to gather facts
offer
and the
interest
out so as to foster speculation.
increase
They
that
desire
its
should be stopped, and legitimate enterprise be
freed from the fear
of constant contraction of
loanable
This is a reasonfunds by Government accumulations.
will
be the aim of
this
have
no
doubt
we
able wish, and
the Secretary.
No
little
discussion
has arisen as a result of the
visit,
with regard to the power of the Government to purchase
bonds above sinking fund requirements, and also as to
amount
the
fund needs
of the sinking
the sinking fund,
we
ferences of opinion expressed.
the
of
plain.
tice
he
By
Secretary of Treasury the
In the
first
As
this year.
to
are gr* itly surprised at the wide dif.
place
if
looking at any report
whole matter is made
one wishes to know the past pracyear ending with June
will find there, that for the
was $45,604,035; for the
was
$44,551,043; tor 1887 it
succeeding year of
Secretary) $48,153,711;
which
would
likely
by
the
dull,
be
estimated
reported
quarter
to was (last
lation are also
June
favor
continuing
ending
1888, it was at that
influence
in
of
and
not
year
30,
further
the
be a
and for
advancing the official minimum. It is sigaiflcaat tbat time estimated at $47,721,552. Treasurer Jordan sugnotwithstanding the incident on the French frontier the gested a new method of coiDputing 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, and if followed, would reduce the amount
amount
the fact that the rates of interest are higher in London
now than at any other European centre; trade and specu-
30, 1885, the
remains the same as
for the current
week,
last
Tna Bank
while
Berlin
at
it
is
so used
1886
it
year to $38,211,409; but
it is
not pre-
Bugland gained £13,000 sumable that the Goverament will cuange the practice
during the week, due as we are advised hitherto pursued. In fact, the very terms of the Secrebullion
by special cable to us of an import wholly from tary'a offers to purchase bonds show what his construction
France of £34,000 and by a shipment to the interior of of the law is. Ho first called the final 19^ millions of the
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
At last advices the premium on gold at the same purpose finally, he offered to buy $14,000,000
JE534,000.
the Bank of France was 9 per mille.
more bonds, " to 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
•dmit 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
only ^ higher.
of
;
;
it
to
is
asserted
ship
OB
that bankers
because
money
there
of the
;
a
in
Loudon
uncertainty
loss
of
as
price
in
the
way
of
demanded by the Bank
its
effect
more gold plete the sinking fund requirements about 7 million dollars.
rate and might
As to the legal authority of the Government to purchase
well.
Another bonds with surplus other than for the sinking fund, we do
shipments
of
to
only about 10 millions of the 14 million offer has been
accepted) that there still remains to be purchased to com(as
much
Wi ^id undoubtedly put up the official
disturb the continental markets as
obstacle
are indisposed
Eogland
is
the
high not think there
for gold bars
which are held at 77 shillings 1 0| pence per ounce. It
was reported on Thursday that £100,000 had been
engaged at London for Now York, but we think it must
be an eftor. It is also reported that £300,000 had been
shipped at Bremen; this we are inclined to believe is
of
is
or has been,
as claimed,
opinion in Government circles.
The
any difference
statute
is
plain
and general in its terms, and we have little doubt but that
Mr. Fairchild considers it would protect him if the emergency arose requiring action under it. At the same lime
was
it must be remembered that when the law of 1881
a*;
very
bonds
be
bought
or
of
to
plenty
passed there were
OciuuKii
1,
THE CHRONICLE.
1887.1
near par, so that a condition
now
ezistiog
was not
was framed.
Secretary a
there
This
we
fact,
fancy,
reason
suppose
to
under
not hesitate in the least to act
No
requires.
large
may have made
the
August, 1886.
tioD
for the
we show both
consurap-
—
August
last three
years
in
and the eight months.
amount
Auv.
would
he
that
it if
the occasion
of bonds will
have to be
purchased to keep the surplus from accumulating.
Ten
^ISW.
Jan.
isss.
188B.
188T.
1
lo
Aug.
31.
UMB.
1888.
stock iMclnnliit
21m*.
Hww.
2btu.
TDtU.
Ibiu.
TiMW.
of pulod
'i04.IOI
T0S.480
784,700
«Ti«J-8
184MS 874,8U
Prodnotlon.
8,i«8.:ss s.s8a.Mi 3.08S.8I0 (1.888,788 i8.aa«,7« 10.888 JS9
a month would probably be an outside figure,
millions
In the following
and production
ready to use the law now, though
little less
every
is
the public debt like that
of
contemplation when the measure
in
415
Totil 10 Dpi r
end of period
.
SW.41S
St'k
8.387.481
3,79I>,8I0
049,OM
888,788
18J88.077 8OJ88;87Jl8,4Oe,0l»
888.418
848.088
BeS,7M
and as be has 7 millions still left for the sinking fund,
Consumption
8,«78.411 8,788,iM 8,708.888 81,fl0e,«88 t9.744.su 18.418,187
about 20 millions would, we may presume, carry him to
consumption for August this year is 3,273,411
the first of January, and by that time Congress will have
had the opportunity to devise a measure of relief. At toi3 against only 2,738,422 tons in 1836, and 2,769,82»
all events, the action of the Secretary last
week in tons in 1885. For the eight months of the year the same
oflering to
purchase 11
million
of bonds,
and
his
visit
result is reached, almost the
whole of the increase
in
pro
•
duction over 1880 and 1885 having gone into cdnsump.
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 2l,G0»],662 tons,
ance to business iroia further accumulations in the against 19,714,211 tons last year, and 18,412,137 tons th»
Treasury.
year before, the increase over 18i6 being 1,862,451 tons,
bore this
The General Term
decision of the
public at Saratoga this
General against the
week
Sapreme Court made
the case of the Attorney-
in
Receiver of the Broadway Railroad
and over 1885 no less than 3,194,525 tons. Additional
proof of the good condition of the anthracite trade is
found in the figures of earnings published this week by
It will be the Philadelphia & Reading. For August the net this year ia
remembered that the matter came before the Court on $1,360,738, against only $578,488 in 188S, and forthenin*
an appeal from Judge Feckham's order of last Ddcember> months of the company's fiscal year the total is $3,552,which held that although the act of the L jgislature annull- 752, against $4,018,070, being in both cases an increase of
ing the charter of the road was constitutional, that the over 100 per cent. Of course there are special reasons
effect of the act was only to kill the company, not to for the exceptional gains in the case of the Reading, in tha
destroy its estate; and as the original statute gave author- fact that we are comparing with poor results a year ago
ity to mortgage, the Judge held in substance that the and that under Mr. Corbin's management and the carrying
has been received with great satisfaction.
property including the right to operate the road, the right
out of the plan of reorganization a different system
to make contracts, the franchise obtained by purchase from
financiering has
the city and the consents of the property holders, each and
quite a different showing
all
them ex ated not simply during the life of the company,
but for buch time a^ would be adequate to upho Id both contracts and mortgages.
The General Term now appears
to afiSrm that order in all respects.
Hence as a result
the property franchise and rights are subject to the lien
of the mortgages, liable to be sold under foreclosure, the
of
purchaser at such
same.
sale, if
Tais decision
been possible, but even with
of
these aids
would be made were the coal
trade in the demoralized condition of former periods.
"We have had other good reports of earnings besides
mentioned. For instance, the
gross of the Chicago & Northwestern for August, published this week, shows a gain of $231,318 over the same
month last year. Coming on top of a gain of $406,241 in
a corporation, succeeding to the 1886, thus making a total giin of $687,559 in two years,
we
extremely satisfactory,
say,
that of the Reading just
the exhibit
is quite remarkable.
It has occasioned the
more surprise, since, as before shown by us, the grain
movement in the northwest was very small during the
existence and had authority to place a lien upon its estate,
mmth, and the conditions generally in that section were
would be subversive of all equity and justice.
not favorable.
The road, however, must have had the
The general trade situation remains much the same as a alvantage of an increased traffic of iron ore from
week ago, except that the action of the Treasury Depart, the Lake Superior mining regions.
Tne St. Paul
ment under its last circular has in great ^lart removed the & Omaha has also issued its August figures
apprehensions which prevailed aa to the future of money. this week. They show an increase of $93,252 this year,
In the coal trade considerable activity ia noted, and prices after an increase of $22,858 last year. Besides these, such
of anthracite have this week been further advanced at roads as the Norfolk & Western and the Fort Worth &
some points. There has been no resumption of work in Dduver make exceptionally good returns of net. For Authe Lehigh region and no change has taken place gust the_Fort "Worth has net of $33,883 in 1887, against
is,
because any determination which put in jeopardy vested
interests attaching while the company was undeniably in
in the
strike
situation
there; the idea,
however,
that
$15,726 in 1886, and for the eight months net of $174,-
741, against $90,159.
The Norfolk & Western has
Undoubtedly increased its net from $122,919 to $169,615 for August,
the stoppage of
production
in
that section has and from $782,129 to tl,023,992 for the eight months.
augmented the demand upon other sections, and may
On the other hand, quite a number of prouiiaent comhave occasioned the latest advance in prices; but t^ere p mies have issued returns which in one sense at least are
was a very active inquiry and heavy consumption even unfavorable. Thus the Northern Pacific, on increased
this
the sola cause
is
trade
is
for the
by
not warranted
before the inauguration
of
evidence on thai point
is
improved
the
the
state
of
the
facts.
strike.-
Very
conclusive
furnished by the statement of
net —
net
year had been
— and the Erie, the Northern Central, and
gross, reports diminished
unusually large
production for the month of August, as prepared by Mr. John H. Jones, the accountant of ttie
companies.
find that while
the output during
the month was over half a million tons greater than in the
in
corresponding month of 1886, stocks at lidewnter points
reaches the large
anthracite
W«
its
last
show
Tne Pennsylvania is
Toe increase
this kind.
the Pennsylvania, while having heavy gains in gross,
comparatively small gains in net.
the most conspicuous instance of
gross
for
month (Auguai) on the Eistern lines
sum of $436,622, out as this was accom-
the
some 75,000 tons, or nearly 20,000 tons panied by an augmentation of $434,131 in txpenscs, the
more than they dtcreased on the lower production of increase in the net is only $2,401. The reason for the
actually decreiaod
THE CHRONICLE
416
small improvement in
there
and
As
betterments.
amounts
regards
roads
Pennsylvania,
tbia
that the
supposes
one
are
improvemects
into
the
No
pre-eminently the case.
is
The
uneasiness.
for
increased
Eimply putting
being known, however,
net
the
no occasion
is
increase of $434,000 in expenses represents an increased
Moreover, as an indication of the
cost of operating.
railroad
traffic
and business, it ia only the
«'ate of
Oa
gross earnings that furnish any guide.
probably never before in
earn over
in a single month, as
when
Besides,
net result
is
history did the Pennsylvania
we
it
on
its
Eastern lines
did in the month of August 18S7.
come
to the "Western
$282,455, against only
$i;iU,OGl in 1885.
deficiency of
even the
lines,
very satisfactory, the surplus above
standing at
a
its
million dollars gross
five
that point,
1887.
t
t
5.028.012
3,IU.4-li
Net
Western
1.9 -.530
e.irnin}?s...
lines
Besnlt
4.585.3(0
3.950.3C6
4.",I7.S91
4.77^.as0
4,071,179
S,«-t0.345
2,807,284
2,108,38;
2.012.75^
2,ti;l8.319
2.151.50'
2.142.032
2.032, -PO
+609 +2a4,8s?
+28li,8:2
1.905.045
1,6J9.012
+28l'.46S
+78.661
-130,001
2,180.991
1.183,660
l,51S,93ll Z,152,17B
2.377,508
2.296,7J2
Jan. 1 to Auc.ii.
-Gross earnings
'A047.10e. H2.'82.2.^1 28,901,001 31,940,228 33.258,9W:si,171.17a
19,001,101
-Operat'g expenses. 23.e8l,84U.il,0c«!,934 19,032,084; 20,285,303
Net earnings..
Western lines
12.3t!o,480 11,156.S8'
is
+572.529
+ft21,l!02
10,942,374 12,720,711 12,191.977
the eight months
i<'or
system
almost
9,838,020 ll,661,8f5 12,154,182 11,870.<j73
—173.701 -1154,259 -712,401
4779.947
la.u.Mo:
Resnit.,
statement of the Reading, the active
demand
for anthracite
and the advance in prices of coal at Poiladelphia. Pacific
Mail has advanced on the reorgaaiziiion of the company in
the Gjuld interest, and reports of greater harmony with
the trans continental lines.
It
a satisfactory feature
is
that the better class of properties, like
the Vanderbilts,
have absorbed a larger shara of a'tention. St,ocks seem
now to be lodged in pretty strong hands, and there is a
n to regard prices as being low.
The following statement, made up from returns
dispositi
by us, shows the week's receipts and shipments
and gold by the New York banks.
Week ending September
30, 18S7.
collected
currency
Ket Interiir
M'}remniL
S'lippedby
Jicccivcdbii
N. V. Bimhs. X. r. Banks'
«l,373.Q03
«3.073 000
103,003
700,f»00
Gold
—
?l.47ti,000
•'
$3,773,003
Lo>s..T1.70:l,0')0
$5'.)7.0^
|Lt«8..
hO3'^..fl:^9^.0Q0
the net result on the combined
Treasury and $700,000 by Assay
Office payments for gold
imports.
Adding these items to the above, we have the
following, which should indicate the tuialgjiiu to the New
York Clearing House banks of gold and currency for the
week covered by the bank statetuent to ba issued to-day.
It is always to be remembered, howaver, that the bank
statement is a statement of averages for the week, whereas
the figures balow should refl-ct ttio actual change in the
condition of the banks between Friday of last week and
Friday of this week.
Wetk
mdifli) September 30, 1837.
OtU of Banks.
Into Batiks.
Banks' Interior Movement, asabove'
and gold imporU.'
than ia 1885.
Suth-Treaa. oporii.
We have been favored with an advance copy of the
annual report of the Cincinnati Indianapolis St. Louis &
Chicago, commonly known as the Big Four, and publish
I^et
Oh mjc
in
B-iak Wildings.
thus 2^ m-liion dollars better than in 1886 and
five millions belter
of
Tue above shows the actual changes in the bank holdings of gold and currency caused by this movement to and
from the interior. In addition to that movHment tho banifs
have gained $7,800,000 through the operations of the Sub-
1883.
PiTTSBlTHa.
Operat'tr expenses.
coal stocks have been strontr,
Total gold and legal tenders
and for August.
Gross earnings
monetary situation has caused ttie improvement.
owing to the excellent
the
The
liabilities
$78,651 in 1836 and
In the following we
give the Pennsylvania figures both for the eight months
LINES East of
in
XLV
(Vol.
Total gold and legal tenrtera
The Bank
...I
$1,170,'>00
J.: 7.1.000
.o.)s..(2.297.000
0,(>h<
Giin.. 8,5)0.000
U2,2;i.o00
i(J.iiii..»l,-J0},Q00
17.0 0,000
ns,4'«,oou
8,.">
I
England gained i:i3,uU0 bullion during the week. This represents £31,000 received from
Trie Bank of
the President's remarks in full on another page. The abroad and £21,000 sent to the interior.
France lost 2,325,000 francs gold and 1,400,000 franca
road is located in a section of country the Middle Westsilver, and the Bank of Germany, since the last report,
€rn section where railroad huilding was greatly over- shows a decrease of 10,680,000 marks. Tue foUo.ving indiclone a fbw years ago, and where therefore very careful cates the amount of bulliou hoi i by the principal European
management is necessary to ensure good resuU-s. Heuce banks this week and at the correspoudiiig daw last year.
—
—
it
gratifying to
is
note that Mr. Ingalls
property to a plane where
to
its
now makes
The report shows
shareholders.
charges
it
and
has raised the
regular returns
no higher than
per mile.
paying
eighty-four hundredths of a cent per ton
Beariug in mind that only seven y^ars have
company under fare-
•elapsed since the reorganizition of the
closuie in 18S0, the good exhibit
credit on
those
who have had
September 89, 1887.
Banks
now
madereflricts great
the
property in charge.
It should be said, moreover, that Mr. Ingalls reports
the operation of refunding the debt as practicilly com.
pleted, only about If millions of old bonds remaining
.Scj)((>nl6<T30, 1888.
of
SUvtr.
Oold.
that after meeting
4| per cent dividends
on the stock, there remained a surplus on the
operations for the year ended June 30, 1887, of $6i>,947.
This result was obtained, too, on an average freight ra e
all
of
Germany*
—
Ausl.-llung'y
Netherlands..
Nat.Uelgiuin'
National Italy
Oolil.
£
£
£
£
England
France
ToUlU
Tufa'.
i
20,5815.684
20.5Sti.(i61
21.200,7^1
21,200,781
8 1,150 47.7.S3,848
20,877,«5'J 18,8P7,0J0
9».»37,998
51.72
M6(
15519,572 100,211,725
39,015,000
18,743,870 14,735,130
47.-
3i,479,a00
13,714,0l)0| 20,1SI,000
6.499,000 14,479,000
20.9
4,240,000
2.401.000
8,170.000
12.410.000
6,57.S.O0»
8.123.000
1.213,000
3,7;i«,000
!J,653.'i0l)
1.32i»,000
14,093,003
3,»S7.O0O
1.118.000
8,101,000
7.H54,iW0
1.223.000
8,57il.000
0.983.1X10
r.s.o.io
0,407,0
11
Tot. this week 108.00 1.7H4 91.132.8M8 19fl,7l)4,»W2 1I7,71-<,WU Kl,'i47,70.' 202,3«6,609
Toi.prov.w'k, 100.332,772 91,451.340 J00.6i4.112 116.00S,7lli''<3,40i),u3l 204,418,847
* The division (lietween gold and sllviir) (?iv-ou In our tuiile of coin and
bullion In tlip Baulr of Germany and tlie Bunk of rfelirinm is made from
thu lie.«t esUiiiale wi) are alilo to oi. tain; iu noitliercaai i« It claimed to be
tiieir wockl.v reports,
accural*, as tlwiFO banks make no distinction
merely rciiorlliigtlie total gold and silver; but we bolieve tUo division
we niHkc Is a close- aiiproxiuiation.
NoTK.— We receive the above results weekly by cable, and while
not aU of tbo date given at the head of tlie coliuua, tliey are the
returiis Ibiued nearest to that date— that Is, the latest reported fi.!;ure8.
m
The Assay OfiBce paid $262,099 througti the Sabwhich have not yet given their adhesion. This is qiite an Treasury during the week for domestic and ,$71-1, 187 for
Achievement, as most of the old bonds bear 7 per foreign bullion, and the Assistant Treasurer received tha
following from the Custom House.
cent interest, while the new mortgage bears but 4 per
Oonsisling of—
cent, thus effeclicg an important saving in annual interest.
Dutiet.
The total of the new bonds is 10 million dollars, so that Date.
Gold
Silver OerV.8.
Oold.
the
charge will be reduced to $400,000 per
annum. The net earnings in the late year were $1,052,296. "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.
a certain extent this has been the result of the
absence of pressure on the part of operators for a decline
ibut in large degree the greater confidence which
is felt
To
Notes.
interest
$3,000
3,000
" 28.
" 23.
f3Q7,739 31
28G,474 84
606,540 21
779,223 21
435,231 93
31i),806 29
Total..
$2,825,015 79
ii27,.'iOO
Sept. 23
" 24.
" 20.
" 27.
6,000
4,000
7,000
4,500
Oertifte's.
tifleales.
32,000
3i,000
$3 19,000
213.000
471,000
662,000
360,000
221.000
$31,000
35,000
45,000
41,000
36,000
60,000
$2ti9.000
$i,2m,000
$24-',000
$41,000
35,000
81,000
71.00<J
the above payments were $S,5J0 iu
Included in
chiefly standard dollars.
coin,
silver
October
THE CHRONK'LK
1»»7.]
1,
idly-developing country, which
"THE SILVER POUND."
world slocks of gold
The above is the tiile of a very interesting volume by S.
D^na Horion, recently issued in London, where Mr. Ilorlon
International Conferences of 1878 and 1881.
presume, was intended mainly to influence the action
of the Royal Silver Commission, and, as
—
it
even depleting the old
is
looks as
if
this set in
the tide of
the yellow metal would be likely to force tbese q lesLiont
Kjrope at least. Tha cable brings
week an extract from the annual address delivered
on Wednesday by Sir Bernard SamuclsoD, I'resident of
The book, the London Chamber of Commerce, in which be states
has been residing during the past year. It will be remoni
bered that he was a delegate of the United States to the
we
417
indicates,
its title
to the front again, in
U8 this
" that the currency and tariff arrangements of the United
" States were in such % peculiar condition that Kagland,
la pursuance of its " France and Germany were living in apprehension of &
England in quite an " monetary panic." Wby 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 netr
tion of the silver problem, (2) the power I'-ngland holJs 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 E igland has not that is. whether having discarded silver in internait
seeks
lieetoration, and
to tional matters there is enough gold to go around
been
sicce the
(4)
3tand»
overcome the " inertia " which prevents that Governmenvs in danger of being practically solved. The semblance of
cooperation by showing, among other thingp, that abundance was kept up for a long time by replenishing
change of the bank
be no
in their case there really need
through a drain
on
interior
reserves
is
addressed to the British public.
object
shows
it
the people
to
of
—
a andard.
stocks, but that source does not appear to be so productive
United States has apparently
Ti:ie
lust interest in
Oar people
has been called the silver question.
what now.
both
Tnus
—
who continue anxious over the course of events here
and those who trouble themselves little with the future so
those
agreed to
prosperous
is
bly the small silver certificate
introduced
it
change; for
•ary,
— seem to
have alike
Probaignore the subject for the time being.
long as the preieat
ditions
—
it
bill
and the modified con-
are in good
the cause of this
part
not only arrested congestion
the Treas-
in
by making available current coinage, but
also in part
in a
it
may
turn out that Mr. Horton's book
wider sense than at
the
sitting of
first
We
of course
reviewing the book here, for
is
new
so
is
timely
In any view the
Royal Commission made the moment of
issue very opportune.
it
appeared.
in
its
its
had no intention of
we have
not the space; but
treatment of a worn out subject
and contains so much information respecting English
monetary history, that we gladly call attention to it
We may mention one
as being a work of real value.
point upon which the author throws light; we refer to Li»
up
Thus the Government deferred clever analysis of the word "standard." It has grown
its own embarrassment and relieved the irritation by shift, into a habit to speak of a "single standard," a "double
ing to public shoulders a fraction of its load.
standard," and "standard of value," until no little
gave
activity to old accumulations of standard dollars
to that time a dead asset.
We
will
think,
bave
influence and
ing
the
too,
men
that
who
there
that
noticed
movement which
tendency
of
silver
observe
closely
is
at
work a natural
is
all
the time thwart-
Of
coinage.
the
two
metals the one of lesser value will drive out the one of
greater 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
in this country,
one way.
ing the
But
we must admit
so far as can be
country,
that
it is
at
knovn, gold
work here
in
rot leav
is
our reported ttock being an annually
increasing quantity.
lu
may be
that
ths more general
intelligence which prevails or perhaps the perfect
confusion
has
subjects,
owing
crept
to
the
into
the
veyed by the expressions used.
writer in the
London
amount
says, there
is
of
Ttie
of
these
meaning
truth
is,
conas
at
lease
no fixed money standard
payable in
a-
the Statistical Journal of
—a given
An
of gold has not a constant purchasing power.
agricultural
meant
March number
discussion
indefinite
100 bushels of wheat has
one time within recent years a hundred and fifty
another time a hundred dollars, and at another
dollars, at
seventy-five
dollars.
This wide fluctuation has been in
the main due to an effort of certain nations to act as
silver-using nations existed in
if
ne
the world, assuming that
freedom of
they could at will dissolve the partnership which commerce 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 more than
attractive power they exert over the capital of the old a " national instrument of valuation."
Over and above it
whatever the cause, the fact seems to be apparent is what may be represented by an ideal index number, the
world
this is equivalent of the world's vendible things, which is the
that there is in operation a counter-irritant
not the ordinary sensitiveness, bat an extremely acute true measure of the value of money to which it should be
sensitiveness prevading 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 Standtry from losing its gold accumulations.
It is a natural ard " or mpney 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 la » notable fact that other \eaAias gold produoers as well
resumption of specie payments cannot fail to see this fact a* the Uulted States are beginning to retain their iiroductlon aX home.
have no KiifSla figures later than 1885, Init at that date Russia was
frequently illustrated.
We have no ten-year cycles of We
sending out only a yery small portion of Its produotlon, and wo see no
industrial activity now
not to exceed two years, and evidence of any Increase since, judging from the Hgurea so far an we have
the individual and sharper vigilance
;
it
encourages, or pos-
—
;
;
then an enforced liquidation and rest.
For these reasons mainly our people have for the time
lost interest in
discussions
with reference to the white
But it seems just now as if this reactionary move
ment enabling us to hold fast the gold we produce, and
the tempting nature of investments in this ne\r And rapmetal.
them of gold Imports from Russia to European conutrlea. As to .\u8tralla
using the He< Imports to Great Britain as a test, they have only been
A2Q&A0'i for the flrst eight months of 1887. One year, however, proves
taking the four years ending vUH December, 1886, the
but little
average net hnports for each year was *2,092,105; for the four years
ending with 1882 the annual net average was X3.5(j3, 3T9; for the
four years ending with 1878 the annual average was «5,973,29S;
and for the four years ending with 1874 Mxo aTerago was
*7,261,888.
;
THE CHRONICLE.
418
minor roads .m
ILLINOIS' S
SHORTSIGHTED RAILROAD
number
POLICY.
[Vol.
Illinois
XLV.
have been lun on that plan for a
an accident occurs and is
Now when
of years.
traceable to that circumstance, are not the Commissioners
We
have frequently had occasion to point out the
irjustice and folly of State attempts to regulate railroad
We have based
rates acd make freight classifications.
our objections not alone on the fact that under the
and the people whose agents they are equally culpable at
least with the managers of the property.
It would be a
difficult
matter lo
fix
the
degree of responsibility, or
the blame as between the dilierent parties, and
apportion
extreme competition which prevails in this country such yet one would have to possess an easy conscience indeed
a policy is uncalled for and unnecessary, since every rail- to share in the gui! t in this way and not be troubled about it.
The application of these remarks will appear when we
road report shows that rates have been and are being
say
that the Illinois Commissioners on July 20 promul
equally
found
have
we
but
reduced,
and
largely
steadily
strong grounds for opposing the practice in the fact that gated a new schedule of rates and classification, lower of
almost without exception the agents through whom the course than the one previously in force, and they have
recently been hearing arguments whether rates within
State of necessity is forced to act have no qualification
for
the
neither by
work assigned them;
experience are they fitted
training
o'^
undertake the delicate and
men charged
required of
difficult task
to
with such a duty,
hesides which they are nearly always hampered by polit
ical considerations which further impair their usefulness.
do not know of a case, however, where the unwis-
We
dom
of
obvious,
kind
so palpable and
interference
of
this
and so easy
of
demonstration,
is
as that of the
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
of rates on
For the new schedule of July 20 no
reason has been 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
advisable to lower the maximum for all roads.
The reduction is especially marked in the cise of coal, where rates
are fixed from 20 to 40 per cent lower ihan before, but
inter-State business.
it
State of Illinois.
Illinois,
the State should not be reduced to the basis
applies
to
other commodities
grain, plows, crockery, pipe,
and zinc
ore.
importance such as
of
wagons, wire, wool
wheels,
The leading roads are
all
protesting very
vigorously against the reduction, but an especially able
January, 1887, no less than 9,275 miles of main road,
with enough additional road constructed since then to
and convincing argument against the same was mide by
Mr. E. T. Jeffery, the General Manager of the Illinois
miles.
This
State
has
njileage
now
to
9,.500
Central, and it is chiefly because we have received the
total
raise the
Railroad
Commissioners
who
every
now
full text of that argument that we refer to the subject toBoard
of
three
a
and then in performance of their supposed duties and in day. Mr. Jefiery considered the matter first from the
the interest presumably of the public welfare take it upan standpoint of the company which he represents, and then
themselves to revise the entire freight classifications of
the railroads and announce a
new schedule
of "
maximum
with reference to
effects
its
upon the
railroad system of
the State as a whole, and in both cases be brought to bear
We
have been obliged to criticize their action facts and figures of controlling importance, arranged and
and can find even less justification in their presented in such a way as to carry conviction with them.
This is the more to be regretted that
present course.
As regards the Illinois Central, Mr. Jt-ffery points out
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
rates."
in the
past,
effect that
it is
to
the interest of the State that the rail-
roads shall yield a fair return on the money invested,
albeit the
rt
must be to make
such a return more and more remote.
suit of their
probability of
efforts
Besides being distinguished for
is distinguished in other
herself.
For
its
the
interested
is
a virtual partner in the concern, and
in
its
The system, he
success.
comprises about 2,500 miles of road, of which 900
says,
miles
are south of Cairo, 400 miles west of Dubuque, and 1,200
large mileage, Illinois
ways not quite so crtduable
the State Treasury,
as such
to
miles in the Siate of Illinois.
Of the
latter 1,2U0 miles,
706
miles comprise the parent line on which the percentage tax
an unusually large proportion of on earnings is paid. In effect, then, a branch and auxiliary
is bankrupt and insolv- system of 1,800 miles has been built up around the 700
instance,
her roads, as will appear below,
Tnen she has miles of main road. Of course each mile of branch road
must add to the revenue of the main stem, and therefore
ent, unable even to earn operating expenses.
the unenviable dii-tinction of having recently been the
scene of one of the worst accidents in the annals of rail-
such a policy
road history
legitimate means.
— that
Chatsworth, where 79 lives were lost
and hundreds wounded. It has be«n proven since that
at
action
7
is
to be fostered
But
is
that
and encouraged by every
the
efiecc of the State's
Let the results speak for themselves.
accident that the road on which
it happened was in
Of the 1,800 miles of auxiliary road, about 500 miles
wretched condition throughout, and that other roads in are in Illinois and therefore working under the rates and
the State are physically quite as bad. We would not classifications of the State Commissioners. What has been
like to charge that the accident in question was the the result on these lines ?
Mr. Jeffery cites figures to
direct result of the State's policy, but it cannot be too show that only one of the branch roads in Illinois meets
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
yield just such fruits.
Each new schedule
of "
maximum
rates" of course fixes rates lower than the preceding schedule
and hence where a road was doing none too well before it
must do still worsp. Thus the tendency of such action is
to put a prenium on what in vulgar language is known
—
as "skinning a property"
that is, keeping road-bed,
track and equpiutut in poor repair, and allowing the
property to lun down generally. This not only increases
the liability to ace dente, but invites them, and there is
only too
much reason for
believing that a good
many
of the
$97,151 short in 1884, $75,595
in 1885,
$53,402 in 1886,
—
and $50,623 in the first half of 1887 this, too, not
because of a heavy interest charge, the fact being rather
Oa the Middle Division or Kanthat the charge is light.
kakee & Southwestern road, the exhibit is more favorable,
there having been a surplus above interest, taxes and
expenses of $14,365 in 1884, $62,270 in 1885, $77,563
The
1886, and $21,337 for the first half of 1887.
Champaign & Hivan* anl the Ran toul narrow gauge
in
have been operated by the
Illinois
Central ouiy since ihd
OCTOBBK
1,
THE CHRONICLE
1887. J
one netted a deSciency for the
and
the other a deQcienoy of
half year of $45,833
road did not meet ordinary
Rantoul
fac%.the
$19,064. In
Ist of the year, but the
operating expenses.
And
these unfavorable exhibits are
419
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 themilfsge
Mr. Jeffery directs
of the whole State ia considered.
had the
and harmonious arrangements attention to the fact that the Commissioners' report for
with the Illinois Central. Anyone can judge for hiraself tho year ended June 30, 1886 (the latest issued), shows
what the returns would be if the roads were under inde- that the income for the year, from all the roads in Illinois,
After declaring that this five from their business both in the State and out of the State,
pendent management.
hundred miles of branch road are fair and honest lUustra- was sufficient, after deducting expense?, taxes, rentals and
tions of the results reached by Illinois local lines working interest, to pay only 1-9 per cent on all the capital in*
under the Commissioners' schedule and classiScalion vested. These roads earned $173,159 less gross than in
than in 1884,
precedin(/ that of July 20, Mr. Jeffery pointedly ask what the previous year, $11,277,894 less
than
in
and this, too,
the
latest
and
less
1883,
rates
of
$15,196,741
lower
still
the
under
is to be expected
made
in the face of the
fact that the roads all
benefit of close connections
on an increased mileage. Mr. Jeffery has arranged the
Of course the Illinois Central could not aff jrd to shoul roads of the State into four distinct classes, and the result
He finds that there are 16 compader the loss on these roads except for the increased busi- is very interesting.
But the nies with a mileage of 1,390 miles within the State and
ness which the branches yield to the maine line.
2,021 miles altogether, which pay neither interest nor
result even on the main line has greatly diminished.
Though the interest charge is very light less than an dividends. A number of these did not even meet ordinary
average of $1,000 per mile per year 'he amount left out operating expenses. Seven companies having 599 miles
of earnings for the stock on the 706 miles of Illinois Central within the State and 1,355 total mileagp, paid interest
proper, decreastd from $1,543,933 in 1834 to $1,291,100 or rentals, but fell, each and all of them, short of the
in 1885, and to $670,862 in 1886, the amount for the first amount required, the total deficiency on the seven roads
These are results, reaching no less than $791,111. Twelve other compv
six months of 1837 being $471,591.
too, obtained with the aid of the 1,800 miles of branch nies earned their interest in full, but paid no dividends.
and auxiliary road. In 1886 no less than $1,657,000 of TUese had 2,527 miles within the State and 4,051 miles
the $5,449,153 gross revenue of the parent line came altogether. Only eleven roads paid dividends and two of
from traffic passing over it to and from the auxiliary lines. these were leased, leaving but nine which made dividends
On this $1,657,000 gross earnings the company paid 7 out of their own earnings. These nine roads comprise
per cent, or $116,000, into the State treasury, so that such companies as the Chicago & Alton, the Sc. Paul, the
from a mere economical point of view the Siate Northwest, the Burlington k Qaincy, the Bock Island, and
schedule.
—
—
the Illinois Central, which have the bulk of their mileage
months
of
of Illinois.
In fact, the nine have only 3,84V
outside
For the
to discourage branch roads.
1887 the proportion of revenue contributed by the miles in the State, against 17,932 total mileage operated
auxiliary lines is even greater, the total gross earnings on by them and several thousand miles more controlled in
the 706 miles of road having been $2,735,000, of which their interest.
Hence it is found that with one or two exceptions
$975,000 over one-ihird, it will be observed was furKeasoning from suc^ data, the systems having the greatest number of miles without
nished by the branch roads.
Mr. Jeffery reaches the conclusion that the revenues, both the State and the least number within, were productive
is
pursuing a very shon-sighted policy in doing any thing
first
six
—
—
net, are increased from trafSc without tbe of the best results to their owners, while those wholly
and that if the Illinois Central were entirely within the State were in most cases bankrupt. '• How
dependent upon S^ate traffic it would be a bankrupt long," Mr. JeSery asks, "can this condition of things conIt follows, therefore, tinue, with a tendency downward in rates, with redacinstitution, like most Illinois roads.
that not only brancti roads, but inter-State traffic should tions from time to time in schedubs and classifications,
if rates on this class of traffic are lover
and the Illinois lines remain safe for the public to travel
be encouraged
than on local traffic, as of necessity they must be, ttiat is on ?'
Yet the Commissioners boldly make another
no reason why the Commission should further scale down reduction. It is admitted that owing to the exigenand the ddmands of comlocal taiiffe, especially as the operation has been repeated cies of
the situation
many times belore, with the effect of making branch and petition the roads did not in some instances exact
gross and
State,
;
more unprofitable.
But Mr. JtfEery points out one further effect that must
As herefollow from the marking down of local rates.
tofore, in the case of grain, 8erio'.:s reductioas he says
lateral roads still
maximum
old schedule, but
rates under the
do not want the low rates made under
such circumstances permanently forced upon them, nor is
It fair to reduce rates on the business not at all affected
full
of course they
have been made upon the short hauls. Ttie Illinois Cen- by those conditions. As to the significance of the reductral, it must be borne in mind, is a north and-soutti line,
tion, Mr. Jeffery states that coal and grain formed 53 per
and one of the diffiulties that it has to contend witti is cent of the entire tonnage in the fiscal year 1886, and
that the east-and-west Inies to the seaboard, ttirough rates on these two classes of commodities are reduced, in
their policy of making extraordinarily low through rates, the one case from 20 to 40 per cent, as already stated,
are attraciiug business to themselves and away from the and in the other about 10 per cent.
Illinois Central at
numerous junction
points.
With
further reduced on the short hauls, this tendency of
rates
traffic
Is there not in
such facts and figures as these absolutely
conclusive evidence that the position of the Illinois
Com-
and then pass east, will mission is untenable. To us the argument seems irresistibe greatly facilitated, and the effect must be to deprive ble, and we do not see how the Commission, if they are
Chicago of much grain naturally tributary to it. Of course honest in their declarations that railroad property is entiin proportion as this
is
done the revenues of tled to a fair and reasonable return, and do not wish to be
and the tax held responsible for accidents resulting from the bad conthe Illinois
Cential
will
fall
off
paid to tte State be diminished, but this is a minor matter dition of the roads in the State, can fail to reverse their
alongside of the fact that as the result of sucQ a pohcj action.
to seek the nearest junction point
THE CHRONICLK
420
trade must be
THE IRON INDUSTMY HEBE AND IN GREAT
iVoL.
XLV.
expected to relapse int« the state of dal-
ness and inactivity which
was its principal characteristic
from America came. The domestic
The heavy shipments of iron and steel from Great producer, on the other hand, must determine, in case railroad building in the United States next year slacken?, as
Britain to (he United States during the month of August
as disclosed in the English trade returns just issued, have now seems inevitable, how far and at what price the
It
It was known of course that diminution of imports will compensate for that loss.
rather occasioned surprise.
the importations had been heavy in the early months, but, is to be remembered that our home consumption is vastly
BRITAIN.
before the stimulus
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 wo have been
Doubtless the present producing, and it is of course merely a question of price
in the movement would occur.
Be which determines the extent of the import.
large totals are explained by orders previously given.
The fact of the matter is, we are increasing our producthis as it may, however, the figures have a very importan
it
bearing upon the condition of the iron industry both in
the United States and in Great Britain.
"We
from Great Britain dur
find that the total exports
ing August were 359,694 gross tors of 2,240
lbs.
As
tion very largely.
Ttie output of pig iron the present
year was temporarily held in check for a time by the strike
in the Connellsville
are at
work again
coke region, but now that the furnaces
it is
estimated by good authorities that
compares with only 299,238 tons in 1886 and 281.112 we are producing more iron than ever before in our history.
tons in 1885, and other recent months have made equally It is true that thi,s far consumption has been almost
favorable comparisons, it is easy to understand why the equally heavy, so that production has not yet outrun
Bu^ demand, and yet the inability to advance prices in the face
tone of the English iron market has been quite firm.
this
when we examine
is
a
little
more
closely into the matter,
discovered that the improvement
is
it,
of a very qualified
and due almost wholly to an enlarged demand
from the United States. Thus of the 359,694 tons tola]
shipments for the month, no less than 118,018 tons, or
about one-third, went to the I'nited States, being among
the very heaviest amounts for any month in late years
Moreover, this 118,018 tons for 1887 compares with only
kind,
60,768 tons the previous year,
n
movement
the gain on the total
gain of 57,250 tons.
but 60,456
is
tons,
As
it is
evident that outside of the trade with the United States
the improvement
is
hardly more than nominal.
of the increase in the shipments to
comprised in four principal items, namely
rial, steel,
old
iron,
and pig
the expoits were 19,890
tons,
iron.
Tlie bulk
the Ignited States
is
—railway mate-
Of railway material
against only 1,816 tons in
1886; of steel 20,055 tons, against 7,796 tons of old
iron 14,537 tons, against 2,577 tons, and of pig iron 36,764
tons, against 26,897 tons.
;
The
heavy inquiry suggests that the output may at any
the actual requirements.
In this view the
of this
moment exceed
extent of the foreign import
The
importance.
iron
and
eight
steel
were sent
months.
is
a matter of considerable
show that 921,665 tons of
here from Groat Britain during
figures above
This
is
at the
rate
of nearly 1,400,000
But there are other countries besides
Great Britain which send us products of that kind. We
can not give the figures for the same eight months, as the
Bureau of Statistics has not yet issued its August report,
hut a pretty clear idea of the extent of the foreign movement can be obtained by taking the statement for the fiscal
year ended June 30, 1887. In this period the total imports
of iron and steel from all countries reached 1,524,604 tonsIn 1885-6 thequantity was only 844,147 ton?, and in 1884-5but 601,794 tons.
These totals include tin-plates, which
are always imported in large quantity, and whose aggregates
have not varied much during the last three years. Taking
gross tons a year.
that item out, the imports for 1887 arc 1,269,148 tons, for
movement to the -United States is 1886 588,677 tons, and for 1885 375,3S6 tons. Thus the
shown in the statistics for the first eight late year's imports were over twice as large as the year
increase in the
just as strikingly
months of the
exported to
all
year.
For
this
countries a total of
period
2, 7 15,:;
Great
Britain
10 tons, against
2,210,735 tons in 1886, and 2,063,865 tons in 1885.
Of
tons increase over 1886, the United States
and over three times the total for 1884-5, tlio
mcrease in two years being 893,762 gross tons, or say a
before,
million net tons of 2,000 lbs.
So
far, then, as the falling
the 504,575
off in railroad
building in 1888
furnished 406,084 tons, leavingonly 98,491 tonsincrease in
the exports to all other countries combined.
The total
off in imports,
the production can bo kept up.
shipments to the United States were 921,665 tons, against
515,581 tons in 1886.
Of railroad iron (all sorts) the
exports for the eight months were 112,831 tons, agamst
only 21,746 tons last year; of pig iron, 286,736 tons
against 220,251 tons; of old iron for re-manufacture
as
is
made good by a
falling
FINANCIAL REVIEW OF SEPTEMBER.
The past month was noted only
for
its
continued
and lack of spirit, so far as Stock Exchange
business was concerned.
There was much talk of the
much as 147,662 tons, against only 33,944 tons, and of need
of money for mercantile accommodation, and some
steel 170,224 tons, against- but 35,895 tons.
It will be branches of trade weie reported at one time as
being
noticed that as in the case of the shipments for
August, under considerable pressure, owing to the difficulty of
the United. States absorbs one-third the whole amount,
or getting paper discounted at the banks or of selling it in
dulness
921,665 out of 2,715,310 tons.
the open maiket.
Towards the close, however, the
Such figures as these furnish interesting material for
feeling was better, owing partly to the Treasury purstudy and reflection, both to the foreign and the
domestic chases of bonds pursuant to the circular of Sept. 22, by
manufacturer. They demon.strate conclusively
that the which it was agreed to purchase $14,000,000 of 4 and 4
J
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 $4,666,400
teen months is based almost entirely on
the increased of the 4^s and $5,155,750 of the 4s.
demand from the United States. This being the case,
the
There was no severe pressure in the loan maiket 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
the time at 5
7 par cent,
There was more discriminathis 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.
;
m
@
October
The
THE CHRONICLE.
1887.]
1,
Btocic marlci-t hart a shorl
however, and the market relapsed
into its previous stag
nant condition. Daring the balance of the month there was
little animalioD, and dutiog much of the time depression,
H.
All.
\t.
Imcat.
1
H,
All
II.
fllotino
July Hi.
Fa
11^
illo...
i..pr.
tub.
I'.l'lllO....
1
Hi
'If
1
iinii^ni
54%
63%
e>.
6'J>«
•36 •«
•d
*lo>a
•7
Alton
pref.
''hic. Biirl.*Qiilnov.
Cblc, A lud. Coal By
;>o
prof.
Kftst
4
73
lat pref.
2d pref.
<Jhloaini .ts
D.I
60
138 >«
341a
5^8
10
6%
148
162
}t35
41
8.5
7S%
79»a
117
110>a
117
pref.
which many stocks touched the lowest points of the Clilc. Do
12714
.V Rock Isbmd.
•164
Ohio.
St.
L.
*
PllUb.
Just at the cluse there was a belter feeling, and prices
year.
Do
39
pref.
44>«
Ulilo.8i.P.MInn.diO.
lowest
figures
reached.
had recovered materially from the
Do
pref. 108
Foreign exchange still ruled so low that gold continued CIn. Ham. A D,4yfa.
Clii. liid.St, L. .SiCh.
Toe n^go. cm. W.isli. ABalt...
to come in from Europe in large quantities.
Do
pref.
tiation of bonds abroad and the steady purchases of stocks OlBT. Col. Ctn.Alnd.
51
Olev. .t PitUb.,xuar.
«ni bonds in our market for foreign account, were ttie Col. HMi-k.Val.ATol. 24^
Col. .V Greenv. pref.
palpable cause for this specie movement.
Del. Uaek.jc Weat'ra. 126»»
iJen..te li.U.,ai!a pil.
27
The following sumTiary shows the condition of the New
Do
pref.
67
142
123
Do
St
Northwest..
in
York City Clearing-Houso banks,
rates of foreign e.^chaage
and prices of leading securities and articles of morcbandiae, about the Ist of October, 1885, 1836 and 18^7.
STATUTIOAL SOHMABT OR OB ABODT OOT.
1,
1885. 1886
AMU 1887.
1886.
1885.
1887.
•
„..
I-
latiou
depiimts
!
Kot
Vegsd teudcrs
Legal rcst'i'vu
Beacr%e lii-ld
Surplus rtJ'crve
329,080,100 337,48^,701 34P,428,=O0
76.612.-00 70,52;,9OO
109, .54,40(1
8.13ti,70»
M.810,'100
S,237,90U
::::::::S 385.9. 7,200 347,0;i5,700 341.i>3b,w0<>
b2.t71,3U<i
10.211,000 10,778, ^CO
...
96,494.30(
86.773,>»..:.
8"i.4s3,
j
141,^2l^.2lW
05,853.80<i
9l,3—.70i)
d,81U.<2d
7
9,07»,B7d
41.93 t,bOl>
Moiuy, Exchatiye, Silter—
Prime paper, sixty da}-B
111
Prime
-
6915
3>s«4
484I3
44»sd.
44 Vd.
4 83
4 &)'»
Vnited
47«,.d.
pur uz
I.oiMiuii.
i,
—
.•>
60
da]-a..
»7
I'S'l'a
CallloiuiFi
Silver
4
6
07 >•
134
ISP!*!
118
4><e, lt>wi,c<iuii>.u
112%
4ao{lUUT, eiiupuu
12^58
11238
12 b »8
r.;5
68,
cm:
Hailroaii aiockn—
Hew Yurk Cuiural * Hud. Riv
Erie (N. Y. L. K. i W.i
Laki- 81i('[.- * .Miiu. Boiithem.
>1
utral
(
.
>fe
.:iai...
N<M'uiwt'.-.tci 1], Coux.
Cliicagu
Cliicago .Milw. lV 8t. f;iiil,com.
\\'ii-torn ...
Delaware i^ik.
1.:.
.
.-
2S»8
11S>9
91>4
91
126<«
IISH
132
135
117 "a
11738
95»8
137 la
129 ''a
40^
62
74
101m
»«
74 «
.
'
'4
17»9
Paclflc
^
*
Central ot New Jente.v
Mereluttuliie—
Cotton, MUiai'K Uplands.*
9k)H
7<iH
10
lb
103
»
'8
•The irlce
asBlH,
of
wUicli
Lave been 8u,
CUMiaO
wheni
wa«
ilie
l-UICKa
iu tliio tabl^ last moiicli
ihc quo utio-i for afloat
OP OiIVBK.SMBMT sBocBirass
m
septemdgr, 1887.
6»,
Sept.
i«yi. iyo7,
eoHp. coup.
Cur.,
l>il'S,
rcg.
C.r..
1
89.),
Sept.
4"*..
4(,
1891,
1907,
eoufi.
ret;.
1
19
20
21
108
4
22
10898
ii&H
Vio»i
14
16
18
17
18
i08% 125 »8
uUu.. 104^ 125 »8
Open.
123
Low.,. 108
....
'.'.'.'.'.'.
....s.
•>
•
13%
29
the lowest, highest and
i^ref., ass.
*est ..
V. Lake Eric A W.
pref.
Eu«l'a.
.V.y.N.ll.AHartrrd
.V. Y. Ontario *W...
N. Y. Sus.i.A West..
prof..
Do
pref.
MiRslsslppl..
139
61
4'.i«
40 <4
222
222
15%
17%
9%
8^3
lOifl
40
24 14
3-;»8
5->i6
47%
23%
59 '8
aoT9
16
311a
..
161
26
58
pref.
•90
39i4
lat pref
51121*
N. Y. Stock Exchange during the months of August and
Septembef.
Txxiuiii'iic., a»a.p<l.
AU
22 >«
61
3
84
30»8
e4>»
3
879
17
41
7514
33>a
33
32%
63
111
72H
110%
8
304)
UK..
t!oi.
31a
99
pref.
V .\lan
closing prices of railway and miscellaneous stocks at the
II
>.
3G'4
73>9
•112
74
ADuluth
2^
75I4
pref.
27
24%
Prioca aaked
MaesMsenta paid.
t
90%
61»a
»o%
40
*8i
96I9
14'e
8J%
83%
!>3
4%
§
IWg
••>••
17%
15%
6
34%
10%
32
Itf
46
95%
61%
9%
t4%
49
80
41
tsS
10s»
1^%
4100%
4J
65% ...•
\i
82
16
79%
100
•14
88
87
lOD
106%
...a..
•••••
13
10
16
31'a
22
34
,
84
•13
•25
......
24%
9^%
*li
1371a
21% 27% 25
8a% 100% 593%
11
1<% 13
13/
*7ii'«
2..I8
67'a
4318
13.9%
71
8
1
70
llj
80
105
115
9
33 '4
76
<
15^8
16
914
421a
26I4
5 =8
21%
7%
24%
11
38
23=8
23'e
59%
....
.
186
36
*75
341a
71
•110
731a
2914
32
70%
46%
...«
*'22S
29%
66%
40%
H%
•16%
I..I4
9
29
30%
55
15%
42%
24%
50%
3u%
26 Ta
4.'.%
22%
4,^
2J%
2-%
13%
20%
17%
18%
20%
1718
2'«
ii"*
23
1163
Hio^n
51.'
150
161
2478
.
109
18
12
13
200
2 .10
18
26
l5i
104
2%
20%
3
43
t.2
....
2%
%
•
......
26%
64%
86
•82
18
......
32
38%
•35
30
61
3..%
';8%
10
......
l<i)4ia
37
75
1H%
113
C6
115
1C6
103 la
74%
104%
9»% 105
11278
97
60
7
8Hl
t
^o2
27
61%
21»
......
-.
27%
20
22 14
2913
471;
57
150 <a 151
163
103
I5I4
8t.L.AS.Frauoi8co.
.lid.
16
15i»
33
."(?...
91
30%
31
32
41%
Pi.i
121%
•»
•14
•22
.
26 «
1838
4ji t
28
48 <•
U%
23
200
10: la
31»g
7114
16>3
24I4
47
Kl.% 105% 110% 5108
14
16% 17
18% 161,
•JO
31
2,% 2,% 32
40%
:'vllle.
frietw
8.JI4
10%
2S%
i^-Con.
•
I3I4
1071a
27'8
12
30 13
47
•JO
...
16«B
25 >«
44%
4%
15
2-ii8
30%
L. pref.
r
7i«
Ih^
20%
P.-.
dt.
1-.14
SOW
13619
2Uia
141a
97%
87
D.^Tg
7%
105
105-'^
•l.i«a
Nortbern Paclilo
n.i
88
110
55
><
loo's
30
pi*ef..
A Western..
21%
25
11
87
8>
53
113<«
Li's
61
57
11
9.!
9J-'8
•9%
11%
61%
80
25
lis
»4
12
.....
A
17%
13%
9()i4
56
21
i-'fa
1-.%
loo
N.Y. Elevatid
25%
2<
28
l:.4> 129^8
2714
6.;%
5b%
50%
9U%
23
£0
12
77
15 4
l.i
63%
•3%
•4%
54
7
40
8.,l9
12
175
4%
40%
92^
191a
13%
103
50
>
to
80
6m
9uie
80
14%
2,^
y.Ceiil.Altud. R
<.Y.CUle.A8t.L,a8i!.
at.P.
5i
19
34
87%
714
<.
Do
»%
%
....
16 '4
29-'8
-NasUv.Cliati.Adt. L.
124 >a
ClOH... l<iS3e
The following taMe. will show
40
83
60
•13\
Dd
.
SK^a
91
591s
7914
Kochester A Pittst).
ttoiiie Water. A Otfd.
St. Loui« Ark. .k lex.
SU L. Alton A 'f. H..
108
25
50
A onto
Monis A Essex
Do
••.
10
21%
25
34
It's
Pliirtt..i..v..,vi'.K'uar.
29
30
....6.
i'os
18
16
7
93%
IIH
106
Rensselaer A bar
tUeU.A Al. Bt'k.tr. et.
UluUinoutlA West Pi.
.....
56
3
43
iref.
:
60
16
52>ii
97
-
12414
2 J 41
§111*
l.'.H
61
prer.
A St.
62^
12.;%
2.i%
95
20
SOTg
13\
Kaus. ATexas..
A
13214
281a
121
18
Mlaaouri Paclflc
Ohio
24
92
15
35
60 >«
58
•85
111
Or.
'.'.".B.
27
28
10
IS
Orepin Short Line..
26
.*....
9
U
12
rej.
I24'i!
24
26
7
8
lc9J,
23..
6
9^
121's 5ll7»3
..
A
Do
1ft
10
•15
pref.
A New
23
12 V|
18
.ais.pi.
Uii
25 'r
38
11
44I4
103
66
152%
15.: la
_,
Louisville
Nasav..
I.imis«. N. A. ACUio.
ingh.aOu pf
.MuKi
Haioiattaii, eollHoL.
Vlonuattau HeiuihCo.
^eiupliis A Clia'ston.
M.xieau Central....
•MieliUau Central...
Y.
4%
49
"44.
17
19
40
3
47
tj3
15
-3%
50
110% 112%
146% (143%
123% 113%
47%
6I4
7
>
«794t
8
45
4
55
..
81%
3i
to
63 "a
136
47
31%
101%
lOi
120
bO
4
44 Vt
45
10
Olil.l Si.lllllnru
2
day...
O.tr..
57 >«
41'4
13 8 ^a
I^OT,
10
7
140
t7H
'i4ia
110
1
•5%
•*%
160
162
109
12%
AHH
43<«
4J»a
iii>a
6%
7%
12
83
101
ll'i%
•80
§1138
'inaU.i
S
... 8.
Our.
Ixi^S,
rey.
126>a
2t>g
loia
§
87
Do
6«,
25
5
143
12>
•13
25
Lake Shore
{Aim Island
Norfolk
4»s»,
152ig
21
81%
ll-tM
IKi-a
,
.^^obile
piteu lu elevator.
60
1^3 '«
121
llHia
145'8
12 J
83
Do
.N.
41
8'.%
21
Do
was ln»'lv< ruutly stated
and delivered; it aliou.d
3>9
5ii
21
A P..nibr..
A Wes'.
y.Laea.
162
142
45
58
Keokuk A Western.
Do
40
66
99>«
MiuaS.Ste.M.AAtl.
9I3
„
1.52
6^<4
Do
3'®3l
35»38
33a^5
Wool, AiiieriraD .\X
V*
a'.'l 50
Iron, Amir, pig, No. 1.. V tou. I8 00a>ls50 18 00a>18 50 21
ij0(i37
00
jU
00
34C0a35
30
OU
midc.
Steel raiU lU
85
Wlieat, N(i. 2 red wlii.W l'»»l'
53
47
bu»:
Corn, Went. uiix.Nu. 2. i*
IS so
11 2>
*• t>:'
P .'lOilOOO
Pork.meds
6:i«
I'llH
Petroleuui pipe Una ct-rtili' '^
67 1«
83
5
9
6
140
Ibi
131
33
81
7i«
lOSi
ADea.M...
Dm
pref.
.Mo.
74
33 •
13
A West.
pref.
Mllwankee A Ko
.Uiuneapolls A Ht. L.
7»*j
10;
llJ*
Do
873t
•9
7»%
37%
I'l
Milw.USh.
9.-i«
•»..
U%
low
K.-okuk
Line Eiie
5-1
58^8
llij
Central..
Kiii)(.-tou
49%
6><ia
5 'a
•11, '4
H^
I5S
C2>a
71
36
7
12
1(11
54 la
10
10 <4
57 >«
H
lOd^
10m
35
9»
U7
lalaud
'7.'>
7
7714
8«"i
lof
12%
59
53
12>a
Do L'Hed Line 4p.o
W
94%
60
57
58
•
10'.%
!*«»
10
D.
A
*
Bl.vt
15
36 14
42'a
. •
101%
...
10:
10i«
W.
iBi pref.
2d pref.
ttlgS. .
KHz. LfX.
l-.vaiiavillo
T. H...
Flini cSi P.r.-.M.cr. pf.
Fi.WortU A Denv. C.
areeii B. Win. A at. P.
Do
pref.
Tex. Cent.
Hoitst.
iid
lldi«
Sept. to.
cil.
150
10-14
12 >,
Fi.
K.lVuii.Va.&Oa.Ry.
Iiliiioia
CMl.
Olialna
in
.
31.
111/.
(Jr.
A
IftV)
Cir
Denver A Klo
D.s Mol e» k
Do
Do
'
A
<«/.
111
Clilc. .Mil. JcHt.
Clue.
i/ll/A-
bifl
(Mmtral Paclllo
Che*. A Ohio
Che. A
D8
57
}:iO»i
C' iiu.ii liiw.i
i-crilral iif N. .leraey.
'
60
pref.
York City Hank»—
Itoana aiul duicuuiits. .
—
1
.Mlun.
>il« J:
Do
Do
iro
102
10
Paul.
ape
8]
*..
'-•mltrr.
the
of
'2d
RAMUB or
period of buoyancy afiur
monih when the Baltimore & Ohio
By thii imsyndioate negotiation was announced.
Drexijl,
Morgan & Co*
Hossra.
portant ajtreornant
and other promiortnt banisera formed a eyudicate to
raise $10,000,000 and clear off the floating debt of tho
Baltimore & O jio R iilroid Company, taking preferred
slock and nuw cousoliJated bonds in payment, and baring a voice in dirtciing tho policy of the company. Taia
transaction raised the whole market for a time and
caused a temporary buoyancy, which was speedily loaf,
the
421
sam
IIT<IOKa IN ADlllInT
26I4
20%
Ex-dlrideud.
7%
2V. %
39
X Ex-rigu;*
THE CHRONICLK
422
Augvt.
,
money which would need
September.
.-
High- Clos'g Low- Sigh- Closing
est. Sept. 30.
e»l. Aug. 31. est.
27
27
54ig
57M 5ii'8
50
iliR
571a
ilOij 21v^
41% 44
41
35
Closivg Low-
Kaixeoads.
& Ohio Cent.
Jt<ii,30.
Toltflo
f«(.
'62^
PaiiHc
Vnltca Cop. N. J
IjDiol)
Virginia JMdlaiid...
WsP.
* Pac
Bt. L.
i9
le^s
26»«
85»a
1638
32>a
4238
MSH
42i«
70i«
70 Je
76ie
72%
lt9>s
145
107>«
65
128
I714
Pur. Com.recpte..
Do
pief..
Viet ling AL. Eile.
Telegraph.
Weatern UdIod
£XPB£SS.
Adamp.
American
United States
WellB,
& Co.
Fargo
..
76
131
Colorado Coal & Iron
CoDBolldatlun Coal..
39
20
30
Colum. & Hock. Coal
Hoine6taK6 Mining
'2b'i«
.
Har} land Coal
Mareball Con. Coal..
N.Y. & Ptriy Coal..
Central Coal...
Ontario Silver MIn..
Pemiejlvania Coal..
QulckBilTer Mining
Do
36%
'3614
"2'9''8
15
11
11
9
13
{0%
50'8
11
9
24 >s
"*'6"
25
268
30
27
Kew
4319
121a
30
lOis
2618
27
268
266
6
5%
Tenn, Coal & Iron...
Vabious.
li5U
341a
Am. Cotton Oil Trust
Consolidated Gas Co.
Del. <fc Hud. Canal...
Oregon Improv. Co..
Oreg'n R'y & Nav.Co.
PacifloMail
Philadelphia Co
Pipe Line Certiflc'ta
Piulman Palace Car.
34>s
28%
71%
36%
30%
72%
26%
7;i»ii
99>s
{PS's
102% 5100%
96%
Silver
•
34
84
37
95
37%
*9iS
56%
5738
148
BulUon Cert..
Prices bid.
5
Ex-divldend.
98
75
152
62
145
OS's
151%
% Ex-rlghts.
BANKEBB' BTEBLINO EXCHAHOE (POSTED BATES) FOE SEPT., 1887.
Sept.
1....
a....
8....
4....
6....
6....
7....
8....
9....
10....
11....
12....
60
De-
days.
mand,
181
181
4
4etl
4 85
4
,
85
85
8.
HoU day
4 81
4 8"
4 85
%
160%
4»'0%
4
1
8«%
84%
1
8-1%
4
4b4%
80%
8.
4 80%
HOW
4 85
TO
60
De-
De-
mand.
Sept.
60
days.
days.
mand.
4 80%-l 4 85-%
4 80%-l 4 85-%
25....
26....
27....
28....
29...,
iO....
8u%
80%
4 80%
4 80%
4 80%
4 85
481
4 85%
184%
Sept.
13....
14....
15....
16....
17....
18....
19....
20....
21....
22....
23....
24...
4 80%-l 4 85-%
4 80%-l 4 8o-%
4 80%-l 4 85-%
,
8.
4 80%-
180%-: 4
8,
185
4 86
4 85
4 85
8.'i-%
80%!
4 8?'-%
4
b0%-l
4
4
8U%
185
180%
.
4
4
4 85-%
4
85-%
4 »5
B'nge
Hlgli
liOW.
FAY THE FOUR FER
4t!0%
CENTS.
(Communicated).
There will be no more important question before Congress
at its next session than that -which concerns the future of the
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-half per cents become redeemable on September 1, 1891 and after that loan very inconsiderable in amount compared with the great five and six per
cent loans that have already been canceled in years gone by
has been extinguished, there will be none available for redemption at par until the middle of the year 1907. Meanwhile the
revenue of the Government, which has heretofore been applied
debt.
;
—
to the reduction of the debt, continues tindiminished
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 wiU only be redeemable four years and twenty years hence, respectively.
There are three, and it is believed only three, ways of effecting the reduction of this debt not due. First, it may be done
;
;
!
I
1
would
be receiving an income of $35 and the eighteenth year,
when his claim on the Government had been reduced to $100,
he would still receive $81 interest. This is surely a very great
inducement to bondholders to accept the proposition. Perhaps
it is too great an inducement, and the rate of two per cent on
thatypart of the capital canceled maybe quite sufficient.
Bf'And how does this affect the Government? It is easy to see
by a simple calculation that whereas, if the four per cents
were left undisturbed until the date of redemption, the Govstill
;
Were
000.
the suggestion of two per cent instead of three,
on the paid debt, be carried out, the saving would be $190 on
each $1,000, and $140,220,000 in the whole.
It will instantly occur to those who consider this scheme
that a purchase of bonds outright, under the existing system,
is quite as favorable for the Government. It must be admitted
that in a money point of view there is not a very great difference, though a (3areful computation will show that the advan-
on the whole, is likely to be on the side of that herein
proposed. But there are certain advantages, aside from the
simple matter of the amount of money required by either
plan, which will make this one preferable. Before considering the collateral branches of the subject, let the two systems
tage,
be compared simply as rival financial expedients. We will
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 millions each year to the payment of interest and the reduction
of the principal. Now, under the plan here proposed, the
Government would spend in twenty years 700 millions for
principal and 493J^ millions for interest (at 3 per cent on paid
debt 427 millions at 2 per cent), an aggregate of $1,193,500,Suppose, on the
000, or a trifle less than 60 millions a year.
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 whole
time? It may seem so, to-day, when everything is depressed;
but in ordinary times the price of these bonds will 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 average of 25 per cent premium, we find that the Government
;
pay 28 millions interest; it would
60 millions, with which it could
purchase $25,600,000 of bonds, and at the end of the year the
7i
millions would be reduced to $674,400,000. Following the
s.xme method through twenty years we find that at the expirwould, during the
have
first
left 32 millions
year,
of
its
ation of the time the Treasury would have left a trifle over
namely, by purchasing in the open two millions of its last 60 millions, and would have extinmarket, paying the price demanded for the bonds; which guished the debt. Another calculation, on the assumption
means paying a high premium. Secondly, it is possible to that the average price of bonds would be 25 during five years,
davise a funding scheme which will gain for the Govern- 20 during the next, 15 during the third and 10 during the
ment the privilege of calling in bonds to the extent of the fourth period of five years, indicates the cancellation of the
urplus revenue; but this, it is obvious, can only be done whole debt in a few months less than nineteen years. But
by conceding to the bondholders advantages which they this would not be so economical as it would be to pay the
do not now have, as compensation for the loss of perma- bondholders five per cent of the capital annually, and to connency of their investment. It is not easy to suggest any tinue interest at two per cent on that part which had been
each compensation that does not take the form of money. discharged.
Either interest or principal must be increased.
The GovNo doubt there will be those who will declare, and perhaps
ft-nment must jay more for the privilege of paying soon. with
S( me violence of language, that it would be outrageous
third way remains. It is possible to accomplish a
gradual for the Government still to pay inter, st t n a debt that has
Tjdnction of the debt under a plan which offers advantages to
been canceled tut in the first place it must be rtiiemb* red
bondholders without increasing the aggregate amount of
that the bondholders are entirely satisfied with the situation
by the method now
I
year, half his capital having been paid back to him, he
:
9758
96«e
Prices asked.
I
;
29% ernment would pay in twenty years $1,000 as principal and
$800 as interest on each $1,000 bond, it would, by this method,
39
pay only $705 besides the capital and would effect a grand
590
41% jagiss saving on the 738 millions of bonds outstanding of $70,110,-
*9S% '89% 100
65
145
four per cent bonds be offered the privilege of receiving, each
year of the twenty years which the bonds have to run, five
per cent of the principal and that he receive interest at the
rate of four per cent on that jiart of the debt not paid, and
three per cent on what has been paid. Thus the owner of a
$1,000 bond would receive each year $50 of his capital. The
second year his interest would be four per cent on $9.50 and
The tenth
tlTree per cent on $50— that is, it would be $39 50.
9i'%
10158
45
95
31
38
90% §S4
38% 532%
to be paid out of the Treasury
indeed, with a small reduction of that amount. Let it be proposed, for an illustration of this method, that each holder of
72
77
46
148%
14-2
27%
XLV.
3308
67
95%
43
ICO
65
*ii4
'2^
25
26
45
92 1«
*10
*26
1275
30%
21%
31I3
76
•lO
15
11
25
28
14
14
11
9%
*5
36 14
20
10
15
*26
*140
108
70
•125
33%
12»a
27
275
§75%
'!9''a
41%
14%
CI4
51a
pref.
I
3iJ
41<S8
150
109
76
130
80
20
24
(50
511a
11
27
268
§7Ci4
145
106
68
120
*125
CoalandMiniso.
18>4
18»s
SSMi
4708
36
149
•107
76
152
110
34
IGH
28%
30
40
[Vol.
in use,
A
;
OOTOBIR
THE CHRONICLE.
1887.]
1,
Thoy du not
wislt to be paid, or to hnve tlio iaveatstands diitlurlMid in any wny, Tlie (Juvornment
desires to adopt, but cannot carry tbrouf<h without th«'ir consent, a plan for the gradual reduction of this debt. Therefore, in consitloring this proposition, the only questions are
first, will the boudholders agree to it? secondly, i« it tlie
as
it is,
ment
OS
423
IMPORTS AND'EXPORTS FOR AUGUST,
it
:
cheapest jilan the Governiuont can piirsuo?
It may be said, at least, that it is not more expensive than
the plan temporarily in use, while it possesses two iliatinct
advantages over any other process of reduction yet siiggfsted.
it is entirely independent of the market.
The experience of the past few weeks, if carefully Btndie<l, will show
what a boon it would be to the business world if the return of
money from the Treasury to commercial use were automatic
and regular, instead of depending upon the power of the Secretary and the bondholders to coma 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 gum
needed for ordinary expenses, would furnish a more precise
measure of the revenue needs of the Government than we have
The Bureau of Statistics has issued its detailed Btat<>ment of
the foreign oommeroeof the ooantry for the month of August
and the eight and twelve months ended with Aug. 81, 1887,
cs well as comparisons for the oorrespondiog periods of the
•>
preceding year, as follows :
MEBCBAICDUS,
had for twenty-five years.
At all events, this method of dealing with the debt is gug
gested in the hope that if it does not meet with approval in all
Foreign
Total
1887.
-Export*— Oold—Dom.
.
Foreign
Total
Silver— Dom
Foreign.
Total
Total exports
Import*— Gold
the corresponding period in
Ten roads
1886.
amount being
Imports— Gold
SUver
that of the St.
Paul.
Total
\Zd week of
Seplemb'^r.
1S87.
1886.
Increase.
DecrteuK
Excess of exports over Imports
Excess of importa over exports
S
Atlantic <& Pacific
Bullulo N. Y. * Pliila
40.2g6
61.500
37.725
16.327
30.784
239.000
48,601
49,17S
10,980
526.000
29.564
....
Roch. * PIttsn...
Cairo Vlncennes A Cliio..
Bufl'slo
.Southern
Canadian Paciflc
Chica){o & Atlantic
CblcaKO & Ka«t. Illinois..
Cblca^ •& Ind. Coal
Chicago Mil. &St. Panl..
C&lcagro lie West Mich
Cin. Ind. St. L. & Ohio ...
Cincinnati Jack. ,k Maok.
Clu. N. O. & Texa» Pao...
Ciiliforniii
56,018!
12,635:
6H,969
28,725
10,089
Alabama Great 80
New Orleans & N. E....
Vicksburg ic .Meridian..
VlckgburK Sbrev. A Pao.
ClD. Rlcbmnuil 4 Ft. W..
Cincinnati
Wii-ih.
l'.:,095
12.441
8,8771
50,O«5
6,177
6.367
181,000
22,103
Bait.
>fc
Cleveland & Miirictia...
& Cin. Midland
Col.
Denver
Rio (Irande....
tfc
Det. LsnsinK .t Nurthein.
East Teiiu. Va. .\r (in. ...
10.>,940
5,635
1S.521
EvaiiBvlUe •& India'poUs.
ETansvllle &
H
Flint & Pere Maicpiette..
Florida K'way 4: Nav. Co.
Grand Kupids iV lud
Ind. Bluoni. i*i Western..
em
1
51.6(14
18,014
49.871
69,487
4,456
& Pembroke
Krie & Western
Kini^ton
49.8531
I^ake
Lon>; Island
86.1'<3i
Evan* v.
1k>u1rv.
24,678'
33'2,HU0
cVBt. L.
Louisville A Nashville
Louisville N. All>.<& Chic.
Milwaukee
Milwaukee
Minn.
&
L.
rt.
51.323
& On.
Martiurtte Ilouj^h.
Me.xiean Ceutiai
33.6.13
84,500|
77,8 1«!
21.9821
AWcat..
i Northern ..
39.022
T2,3S1
35,»39
North\v«s:ein...
N. Y. City A Nurtliern ...
N. Y. Ontario i Western
Norfolk A Wosit-rn
Northeni PaciHe
93,.50O
319.900
103.477
Ohio A Micslnuippi
Ohio River
Peoria Dec. A EvansvlUe
Bt. L. All.
AT. H.
(M.
10.59;
17.026
33.642
23,110
03,377
126.170
1..)
Branches
St. Louis
8t. I..0UIS
Bt. Paul
Ark.
A Texas...
A .Sao Krun
A DiilMlh
Tol.
Ann Arbor ANo.Mich
Toledo
A
Ohio Central
Chicago W'li*. A Mii-n...
Minn. St. Croix A Wis..
Wiaoongln A .UUmesuta.
Total (G2 roadK)
NW Incnaae
(11
!6
!
p. ct.l|
3,810,531
5,'
93
4,426
6,62o
47,.506
4,447
782
1,612
10,999
5,431
1.265
5,010
2,996
.5.815
3,455,095
17 .428,728
$62,955,248
$1,426,64';
M4
1 $736,472,574
1«,33.">,249
2i,918,870
1,794,064
$57,7257816 $15^,417.690 $752,3 .)I,4M
73,432.6601 504,.5.M,o02! 763,286.068
$5.^,93 1,762 $443,. 8
Importa
Excess of exports over Imports
Excess of imports over exports $15,706,850 $4.7,138,312' $10,894,624
1886.— Exports— Domestic
$51,517,824 $164,770,153 $730,9.57.888
Foreign
1,670,336
23,^99,313
33,793,183
Total
$'73.19.1.1 (id $488.71-9,46 > $763,751,069
Imports
65.112.890 46<,239.7«« 690,032,172
Excess of exports over Imports
$2o,53..,6.)oj $73,118,897
Excess of imports over exports $11,918,7301
'
—
IXPOKT8 AND EXPORTS BY PRINCIPAL CUSTOMS DISTRICTS.
1,352
IMPORTS.
618
937
31,915
TRICTS AND
Ports.
2,950
18,141
1,312
2,076
10,915
1,843
3,337
7,092
1,915
9.015
7,488
"6,4551
24,667
16,172
5,010
2.992
"i".536'
8 montht endint
Aug.
31.
188B.
1.075. '09 5.785.147
S,45»,7T7| 4,;«1.71M
42a,»61il
39.908
42S,»,18
81S.3U1
44.lU.tf7i!
3, 120. 61
8.3BS.87S
8.31 ',8H4
43.273.150
3.45o.0<8
1,861.986
1S4.US1
268.0BC
887.80(1
T.lK 5,531
7.a3'l.011
8U,M0
1.714.183
1,6 .8.87»
118.066
1.418.889
1,85-.218
86.693
POS.OBD
401.138
488.007
l»4.4t>l
Detroit. Mich.
273.9S7
OalTesfn, Tex
Mllw keo.Wls.
Mlnn»ii,.Mlan
07.450
6a,80U
B09.1A7
19.936
5MI.961
271,908
791.434
199,931
81,6«!
S5.n»4
2.515.'.7l!
1887.
S.HU0.445
1,740.138
««.1M
e.3'.jUJ891
868
181.S»<
634,034
80.991
S8S.687
19B.10A
807.1*41
1.492A10
860.018
1.834.897
88.040.481
S36.M4
Phlladel'Si Pa.
.S.403,487
3.8793'«4
131.510
Portlaad.Me..
1.4a.028,
67JI47
San Fr»n.,Cal. 3,«SS.8S0 S.8IS.03S 88,738.449
5.131
86.7.-W
Barannata, Oa.
105,018
2H9.flIl
S.HWja7
St. Louls,Mo.'
S«t,Wl
Vermont. Vt..
10S.20S
8,691JW8
Wllliiniett«,Or
89,1193
WIlmrg'n.A.C
Torktown, V*.
18.103
89.848
387.397
35.836.638
ila,>.S.3.»'<4
809,37?
l,0lM,T81
4.706.539
1.026.001
31.
1888.
t
31.818.888
38.886.281
8^1,3U
868.833
7.180.9Stf
1,484,868
8.876.089
3.188.316'
8,473.636'
8.840.8W
41)fl.«97l
5«4.74«
8.0;9,384
1.888,809
4.491,886
soe.9.<7
837.891
!I6,&H1
6A».^J
1,089.344
48^889^15 47.U0Jlga
18S.371.521 310.ee7.»4«l2«2.1i«.I14 80j,899.9«a 8C6,a86.O80
tS.eWS,
1.<»I.7B1
tl8,ai«
il.0M.S7ll
t98.aB«
OswoKa'le.N.?
0.wei{0. N.Y..
Totals.
3,878
1887.
EXPORTS.
miint
t
New Orl'na.La
New Vork.N.V 443!«.7a»
59
a montlu
Am;.
Ctuuiiiuait, 0.*
NlaKsrs, M.V..
Norfolk. Va...
OrcKun. OroK..
K107.
Bxportt.
1.8'U,364
8,076
13,101
20,848
17.627
7,061
27,831
"4,004
AtrocST.
Imporu.
Balttmore.Md.
BosloD. .Haas.
542
88,590
3,777
24.714
8,119
6,397
4,051
8, 741, .584
9Z6,236,27S
935,369,124
$45,526,520
711
l!i,333
8,168
16,016
112,042
12.414
80.552
Total
18,0.)<i
"i',976l
48.ii2>4
-.^4.191
Erie
Wisconsin Ceninil
2.091
4,025,629
$0,132,848
$17,494,692
$7,b99,5»*
$12,270,288
4,0^5, 1^H
$10,30 J ,74/
$24,205,631
MEBCHAKDISE AND COIS AND BOLLIOS.
1887.— Export*— Uomesllo
Foreign
8,332
101.507
6,582
20.018
29.106
38.633
118.057
TOTAI,
3,144
5.500
1,751
336,<.78
12.172
144.449
14.399
41,142
13.617
10.6B1
6,722
A Luke
14.23b
22,452
221,000
43,008
44.747
4.360
573.506
34.011
56,800
11.023
57.970
23.294
8,824
7,079
9.445
9,588
48,713
5,529
7,294
149,085
25,053
87,799
4.323
16,445
40,749
16,171
46,537
62.395
2,541
40,838
78,605
24.130
294.210
43,247
20,229
03.652
60.189
14,021
11,171
12.440
28.884
68.833
44,7.^0
...
Wabash Weniern
Wheelintt
37,112
56.000
35.974
$>,107,21!>
4.01 '.76li
$527,073 927,58e,l'24
$5,396,780
$125,911 $31,1< 7,409 $32,593,591
8.882.81
9,975,789
4,8)4
$130,765 $IU,030,2aH $42,569,380
$1,174,552 $11,027,913 917,737,759
H,097,f.O4
9.832.190
705,140
$1,879,692 $17,lVi5,4.i< $27,569,940
$2,010,457 $57,175,705 $70,139,329
$4,95«l,557
$9.93^,l«3 $24,961,639
1,4T8.S47
10,374,!)a9
15,763.793
6,43 /,1U4 $20,31U,iu:.! $10,725,132
$3 i,S65,603 $29,413,897
Foreign
Total
Silver— Dom...
Foreign
Total
Total exports
EARNIUfQS.
$3,886,119
2(i.".'>0
1.717,737
Total
Excess of exports over Imports
Excess of Imports over exports
Raib-oad earnings keep up well. For the third week of September sixty-two roads show a gain of 11'16 per cent over the
report decreases, the heaviest in
717,023,320
$14,152.50.'
10,580.3 '2
$7,696,513 "$24,73;! ?704
Sliver
'.
earnings of
','212,o.>u
«214,98l
$1,289,090
761.682
$2,0o7,772
$2,299,733
$5,978,776
1886.—Exports— Gold- Dom..
WEEKLY RAILROAD
$13
95.^,426,«8.<
OOLO AKO 8ILVSB—OOIR AXD BCIXIOH.
The
Edward Stanwood.
. .
88,736,153 479.8/1.29- 700,330,820
Importa
916,691,500
Excess of exports over Imports
Exceaa of Imports over exports 910,310.070 944,609,^89
$50,217,361 H22,^74.80l 9C8O,626,530
1886.— Exports— Domestic
9.018,959
12,985,804
966,342
Foreign
Total
961.18:1.703 943i^6ii3,7l'0 9693,61 ij45
68,675.786 442,H9,CS7 619,906.740
Importa
$43,705,00<ll
BzoeM of exports over Imports
BxcCM of Importa over exports 7,492,0»8 911.325,907
may lead those who are disposed to criticise it to
their own inventive faculties in devising a belter one.
35, 1887.
)Ionlh*eiutt4
Aug. 31,
31.
954.427.681 9426.926.034 «703,870.663
8.280 o2^
99 ',40a
13.151,057
1887.— Export*- Domestic.
its details, it
Boston, Sept.
Aug
Augutt.
-
exercise
situation demands the best thought and the most earnest
co-operation of all who can contribute to the solution of the
great problem.
Forlhei
ForOte
moniAo/ Konlh* ended
First,
4.386
11S.7U1
693.188
36,693
186.808
1.887
1.47H.336
*»
2't.iM8.lt«
1.631.7H
87.49tt..7«
813.140
1.948.21B
8,439.141
906,780
1.8%.8I>>
6,980,087
i.i8o.aa8
996.800
793.469
»3.7H9.S85 83.887.971
1.680,806
19.480.81S
e.»l.«19
Xj^n.AM
«l.86S,078
8,818.115
S.lSJ.Otjl
esa^sTs
8S8.837
81.883
ai8,a9«
181.419
i.7ao.«o
1.110.007
3.53^,978
*)»Ml
e4.8Jtl
IJOII.761
6JU1.'>85
l''fi-i52
S,B«S.8U
(In-
otk'r DIsts.) 66,738,158 9S.481.0es!47».<>31.8B(t 448.B19.SeT 418J»!a,0» 431,Sa3.WO
8.145
82,107,
465,870
385.436
$31,232,361
warehouse Aagast 31. 1886
$34,890,713
warehouse August 31, 1887
• Interior ports to which merohaadUe «.tn be transp-irtad wltlioat
•ppraiaeu>«nN underact of J.ine 10. 1880.
law provldin* the in>»'.s of foreotinx
t iQoomplete. In tie absjoee of
tbesUtlstlcs of exports to »4)*o<!nt foreign territory by railroalcar*
Bemalnlng
Remaining
1,9.^5.
10.590
7,832
4,204
2.671
80,434
and
oth-ir
in
in
land vehicle*.
THE CHRONICLE.
424
than
less
XLV.
fVcL.
last year,
and the stock of bullion, which stands
at-
£30,388,664, sliows a deficiency of £1,113,000.
The following return shows the position of the Bank of
England, the bank rate of discount, the i)rice of consols, &c.,
compared with last three years
[From our own correspondent.]
London, Saturday, Sexjtember
17, 18S7.
:
Commercially the events of the past few days have not dismanufactm-ing
closed the presence of any new feature. The
and the orders
employed,
well
fairly
be
to
seem
industries
on band appear to guarantee a fair amount of activity up to
prosthe close of the year. There is an absence of the fictitious
the
perity due to the extension of the speculative element,
bulk of the business transacted being apparently of a legitimate character. Wliile a fair business is passing in the hardware districts, the textile industry is also looking up, and the
pubUc sales of colonial wool are now progressing with more
animation—notably for fine qualities. Steel makers in ti.e
north of England are understood to be full of orde s for some
months to come, and p' ices are rt ceiving additional strength on
account of fresh inquu-ies. There is i-lso a good deal of activity
in engineering work, and shipbuilders are tolerably well occupied. The tenor of reports generally from the manufacturing
districts is much to tlie s.me effect, and they may safely be
construed to mean that the volume of business is quietly
expanding, and that there is every reason to anticipat-* that
Some rather
its progress wiU not be checked immediately.
better railway traffic statements and the fairly good Bankers'
Clearing House returns are accepted as indications of greater
'llreulation,
other bills....
deposits
Other deposits
;)olnand bullion
cleaerre to liabilities
^ank rate
yOnsots
-learing-House return
Messrs. Pixley
Bank
of England,
and adopting measures
1884.
18S5.
£
\
24.533,''i20
i
\
84.488.015. 85.3'j0.275
4.010.8181
a.5'..8.33«i
6,002,385
21,1.27.00!
23.211.i:tO
20.057.491
a\Sifi.(l61
i.7«
12,380,5 IS
14,»35. 80
13,804,333
19.807,134
19.32.-,^lj
2a.475.U-
ll,li43.0'!n
1'3.617.1«1
1J,130.'I5U
13.3a!>,101
20,2SS,881
21,4)0.121
22,8i)P,101
a2,86(l,3;((
13.04
ieser^eof notes and coin...
44-40 p.
4
0.
p. c.
101 7-101.
48«
p.
c,
& Abell write
42>t P. c
2 P. 0.
3^4 B.C.
10ff<
87,474.000 115,0-K,i)n(.
as follows
20,892,B-ae
45M
p. c.
2 p.C.
lOOH
IOH4
ins,5.')0.i)o()
115,381.000
on the
state of the
bullion market:
Gol'l— The tlemaml for gold has died away, and pomn parcels have
b.ifU oflfered without tiinUu>< piirchasera. Tiie amounts witiidr.awa from
tlie
are £10,0011, while *l04,0aO has been piilil in. Tli« nrrival9
iire Horn China £.8 000, from Buenos Ayros £3 '.Oi 0, and tvjm the
Cuiic £.i,000; total, £ul,(jOO. The Peuiusula & Uiic-tal steamer takes
£ 2,5i.O to Boiulay.
Silver.
Further movements have taken place, and after a relapse of
43Hd the price has imjirovid to 4456d. on thi- r.^ceipt of belter ex-
Umk
—
chanttes from the Eatt. The arrivals are £106,100 trom New Yolk and
£.j4.t00 hn8 l:ein shipped to Bombay.
Mexican I^oUars ha\e been a dull market, and the last trausaction to
recoidls at id^id, iS3,Oi.O has arrived from VeraOiuz.
Tenders for £1,500,000 Treasury bills will bo received by the
of England on the 33d inst. to replace a similar amoun t
falling due,
to protect their resources, in which event the necessity of
meeting the demand for gold for export would be thrown
,
securities
;ther secaritles
Financially our position has undergone some rather appreciable changes. At the commencement of the week, with the discount rate for tliree montlis' bUls at 4 per cent in the open market, with a good inquiry for loans diminishing balances, and
ing the lead of the
£
4.117.S5,S
Jovem ment
Bank
Berlin or Paris, large parcels of bills would be sent to the Continent for negotiation, and tlie 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-
188fl.
£
24,.395.825
:*ilblic
commercial soundness.
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 loag as money here was so much higher than at
1887.
exciuding 7-day and
,
and which were were issued
average of £1
Os. 3d.
in
June
last
at
an
per cent.
The profits of the Bank of England for the half-year ending August 31 were £691,655, making the amount of the
"rest" at that date £3,714,301. A dividend of £4 158. per
cent was declared for the half-year at tlie meeting just held,
and after payiug it the "rest will be £3,033,034.
The Bank of England has been empowered by an order
"'
in Council to increase the note issue
by £450,000.
&
Co. give notice that they are preMessrs. Morton, Rose
pared to receive applications for an issue of £595,300 6 percent
sterling bonds of the Province of Cordova (Argentine Republic),
the issue price being 91 per cent, and the loan redeem,an accumulative sinking fund
able in tliirty-three years by
of
1
per cent.
However a slight chan ge has since come over the
Beerhohn's Corn Trade List publislies the following estiscene. The American Exchange has rallied, as there are mate of the world's wheat supplies and requirements for the
signs of a cessation of the gold shipments. It would now next twelve months:
Probable
Probable
seem that the money market is entering upon a calmer pliase,
Hurplus.
Peiiuircmenls.
but at the same time it ia necessary to remember that in view United States and Canada
15,0.0,000
qre
upon
us.
of the possible revival of the foreign inquiry for gold that the
United Kingdom
France
amount of money lying idle now is much less than it was a BelRium
few weeks ago; and, with trade improvin?;, we cannot expect Germany
Holland
a return to tlie old low unprofitable rates which prevailed Au-stria-Hiineaiv
during the period of acue 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-
giving 3 per cent for money
notice. The quotation for
»oans, however, after being nearly 4 per cent, has since declined to 3}4 per cent, and the discount charge for three
months' bills has receded from 4 to S^j per cent. The present
total of "other deiwsits" held by the Bank of England is £31,925,001. 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
£8,857,894. It must, however, be remembered that the harvest 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 than was
calculated upon. In the important item of bullion the decrease is only £51,334, and as £137,000 was upon balance
taken for export, it follows that over £75,000 must liave been
returned from general circulation. The reserve has gained
£265,491, 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 £3,153,683 in Gov-
lowance for deposits
at call
J^ P^r cent,
and 3J^ per cent
if
with
,
I7,00;i,0ti0
-.',•
ii'),000
2,00n.o00
l.'Xio.OOO
l.OOO.cOO
2.5 0,000
10,000,000
-. .--
Russia and Ejuinauia
0,000
Swiizerland
l.Si
Itali'
4.000,1.00
I,50l',0t0
Spain and Portugal
India
Austrsla sla. Chile and Argentine
West Indies, Cnina, Ac
Greece. &o
SundiidS
4,000,OCO
_
Repub
2,500,'
750,uO'J
]
a; .v;50,
Total
l,oOi.',CCO-
00
00
.000,000
^^
34,OJ0,0CO
"The result of these figures is that the apparent aggregate
surplus of the various countries is only about 725,000 quarters
beyond the requirements of the importing countries, and in
connection with such figures this dilference may well be called
a mere bagatelle; for it is an incontrovertible fact tliat the
reserve stocks of old wheat in Euroiie— say in Russia, Hungary, Germany, France and England— are at an unusually low
It is difficult to say what the reduction in the reserve
point.
stocks in these countries is equal to, but in a vague way they
may be estimated to be from 10 to 15 million quarters below
those of an ordinary year."
The grain trade has remained in a
lifeless condition.
Nothing
has occurred to stimulate business and dealings are merely from
hand to mouth. At Mark Lane wheat has moved off very slowly.
Fine white samples have been fairly well held and have realized 33s. per quarter, but for red wheat the trade has continued
to droop, and the top price is now only about 30s. per
quarter.
may now be said to be determined. Suffinew crop has been marketed to enable quotations
Values
cient of the
to be fixed with some approach to exactitude, and any further
Bank changes which may take place may be attributed to the
Las been reducing its holdings of consols by boiTowing relative positions of demand and supply. The new season ha
money on them, or has not renewed its treasury bills. not opened very brilliantly. The Imperial average for the
The amount of the reserve is now £11,643,039, or £974,000 past week was 29s. lid. per quarter, but for the second it fell
ernment
securities.
It
would seem from
this that the
OCTOBKR
t,
THE CHRONICLE.
1887.J
giving an average for tlin two wovks of
Unfortunately for liolders tlie inarke^
just now does not soeui over strong, and an early recovery is
at lea.st doubtful.
Notliing fresli of importance ha» occurred
in tlie statistical position. The quantity of wheat and flour
afloat to U8 from all parts differs but slightly from tliis time
to
•zroan
Id. per qimrtor,
20!).
425
4in>
mroan
29s. 6d. per iiuarter.
•
favor of this year.
last year, b\it the differonco is in
Iiared
with
1887.
2,923.370
..owt.
Barley
Oats
1886.
2.47>!..'i77
40U,Oltt
498.9)10
1 1 1.772
.....
lass
4<iti,243
U81.739
9l.5.!2
10(i.470
1.201.7til
124.n.'ie
8,37f,9ll
267.333
421,046
3,'^S.'I,320
SennauT
loath America
ill other oonntrlea.
TvUI 1887.
ToUl 1886.
ToUl 1836.
7-«,742
217,4(15
H!i3,613
46.'i.U7
,
September
ireat Britain
642 350
France
23,077
101.624
lermany
1888
Total
2,476.577
3,(>R3.220
H3-',453
4.^.^,ll7
tiO'<.86H
e81,l34
1.38 1,707
2,131.839
5 221,7i5
6,423,425
41!)G,164
5,400,080
The following shows the q antities
maize afloat to tl 10 United Kingdom:
T/ti* >Beek.
Wheat
of wheat, flour
LtulirMk.
1886.
and
l^^^.!.
qrs.
l.EC.'S.OOO
1,7-27.000
l,fll^.000
1,37'2,000
noDr,e<iaal to <ir«.
161.000
357,000
15^.000
247.000
183.000
319,000
H2.CS30
Ualse
qrs.
Aver, price wheat..
Aver. pric« wheat..
22.i.00v
1866-87. 1883-86. 1884-9.S.
1.883-81.
..week. 20a. Id. 32s. 5(1. 31a. Id. 34'*. 01
.seHSOO. 299. 6i. 328. 9d. 31g. 8d. Hx. lil
daily closing quotasioas for socuntiea, &c., at London
are reported by cable as follows for the week ending Sep.80.
XtOtidon.
Tua.
ifon.
8ai.
Thur:
m.
4413
1018,
44 <a
wed.
44fl„
44»8
44%
44%
ConsoU tor money
lOlii, 1017,„ llOl'.B 10l»„
Oonaols for acooont..... 101t,« 10!»,8 10111,6 101%
Fr'ch rentes (In Paris) f i 81-72>s 8l-i5 81-5: Jfl 8l-62'4
nils
D. 8. 4i«B0f 1891
i:i>e
127% 127% '127% 12714
IJ. 8. 48 of 1S07
34>8
Canadian Paclllo
54%
53%
83'>»
83%
84
Cauo. Mil. & at. Paal.... H5
8018
Erie, ocmmon stock....
30
29%
30%
I22J4
122ie
I2i% 12i%
nUnols Central
8714
.17 i«
5719
57.%
Pennsylvania
30 1«
3II4
29%
PbllodelpIi<a& Beading 30%
Kew VoTk Cf.ntr»l ... . 111
no's llo'a
d.
!
mm nm
am
Hi
10!»i8
101».8
Sl-70
101%
81-65
1,017.4 O
1,901. .01
6.-/20,OrtO
10.32(1,' 0%
8,274 2.)l
KV'IO
2.3^.^.132
13,000
500.114
l-iM,li3«
11.979
1,717
d.IOO
IS J, 850
2ltJ.387
460.103
"^
«tt.143.731 $3.:
37.1,"i2,15tl
•t7
I
6.40t>.6l0
1,1.
$154,600 $((,946,812
f,<.00
807.173
IbS.IHO
14",7i:;
2 9,420
21,358
56.479
40,600
..
Total 1887
Total 1886
Total 1885
S177.321
14f,360
90,ii85
Vt.'i
1211,680
2,02'2
3y7.tf.%7
2.216
149,100
2,0)1
72,!'00
1,1C<J
210.413
457,008
27,636
$17,800 $1,501,302
t8,2J0.512
7,663,701
12,533,517
l7,4-<ll
1,35»!,"82
55,302
1,485.774
Of the above imports for the week in 1887 |43 2,435 were
American gold coin and $-1,040 American silver coin. Of the
exports during the same Uim |i33,500 were Americin gold
coin and |6,143 were American silver coin.
New York Chfeogo & St. Lonls.—Th"? new securities in
accordance with the plan of reorganization of February 4, 1'87,
will be ready for delivery at the oflice of iho Central I'rasi
Company, 54 Wall Strett, on and after Ociober 3, 1837, at
which time accrued interest on bonds wi'l be paid. Parties
depositing etamped stuck for exchange will receive temporary
receipts, and certificates for the new stock will be issued on
day thereafter.
—Attention is called to tha list of securities off red in our
columns by the well-known house of Mes-iis. C flBn & 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 investments of saving banks of this State. The officers and committees of these institutions will do well to give this list their
attention and correspond with the advertiseis.
iim
UII4
—
Anction Sales. —The
The following ware sold
auction by Measr' Adrian H. MuUer
Sjn :
127>4
i27>a
54
53%
81%
10 Bdwaj-
3014
50 Liberty
x92%
30%
122
t4,0.5.<t.238
22,'>.^7
the third
EaslIaU Financial narKets— Per Oable.
The
Bllver, per 01
Kne*Jan.l.
• lO^.nes
31,617
0.494
dezlco..
loath America.....
411 other eoantrlea.
18f4.
18f5.
3.376.941
Wtth.
»l73,ft.'3
8e8,IOI
2,403,^74
$.'J4,657
l.^.4:2i
VestlntVes
1):
1887.
Importaof wheat.owt. 2,023.370
Import* of floar
755,383
Bales of bome-gro'wii.. l,82i,333
xoas.
Silver,
,120.llJ»
8.K.3 47
Indian oora..
fli'e.ttltf
7S5.383
rioor
t34.4S3
e08'366
Supplies available for consumption (exclusive of stocks on
tember
Sreat Britain
'ranee
18P4.
mw
Importi,
XnMJan.l
Wi4k,
last season:
Wheat
P«a»....
IS«anB
AoM.
Vest Indies
Mexico
The following shows tho imports of cereal produce into tho
United Kingdom during the first two weeks of the season, com-
or •raou at
MtptrU.
ViiH
18
57%
31%
.57%
3
113%
%
112%
Sharea.
&7
this
&
week at
Sharen.
30 .\mer. Liati & Trust Co. 120<c
20 Standard Oil Trust
169\
U Xv. ER.Co. 175
Co
91
Tnist
169 14
Ina.
Standard Oil
B3
Ban'In.
20 Mutual Gas Light Co.... 92% $8,000 Sr. Paul Eastern Gr.
100 Amer. I^an <fe -Fruat Co. 116
Trunk RR l8t,68, Kuar. by
13 I..allin&RAndPowd'rCo. ISOij
Mllw.LakeShore,itWest...
5 Kuickerbotker Ice Co.
99 ij
,
9SH
. .
itammsxtisi\ and WHsttVcxxizayxs %zvth
National Bancs.
—The following
banks have recently been
ores sized
3,79-—T le German Amarloan Natinnal Bank
T.oiita
Ba
United States Qorerameat aad other desiraole
of Kiii?as Citj', Misa^nri
iiTlein, Cashier,
TKFOBTj AND EZPOBTS FOB THE WEEK. —The imports Of Isst
veek, 00 spared with those of the preceding week, xhnnr a
dfirei3e in dry goods and an increase in general merchandise
The total imports were |9,760,240, atrainst $9,39.5,604 the pre
ceding week and f 6,816,005 two weeks previous. The exf-orts
for the week ended Sept. 37 amounted to |8,397,163, agamst
|(), 220,81:. last week and |1,926,809 two weeks previous.
The
following are the imports at Now York for the week endii g
for dry goods) Sept. 2,1, and for the wees ending (for general merchandise) Supc. 23
the first -veek in January
;
1884.
Dry Goods
hbw
HARVE-y PISK
38
1885.
1886.
1887
$2,3 10,578
5,171,681
$-?,'»67.081
»7,5 12,259
$3 766,240
6,798,307
t6,63 1,725
Dry Goodf
«BP.n32,9i.5
Beo'lmer'dlse..
228 628,124
*75.7 46.051
204,18 i,6i9
#80,858.412' »93,81«.]4'(
230.005,835 2.'il, 401.989
Total 33 weeks. !»318.321.039 <i2T9.929,''-3
3I8.S<!4.307*3l.'S.'JI9.n?7
1.
HELENA
A:
188-5.
1886.
18S7.
$5.999,9rtii
*5,610,2,^3
$6,«.'i0,217
2S8,325.015
231,421.359
2 i3, 134, 100
21S,-<i.j.u74
Total 38 weeks. f244,325,575 tS40,O3I,012 J233,0S4.317
»22.5,-J,:.>,'l3S
The following
table
New York
ince January
1,
1 86
and
1885:
Jfi
397,163
shows the exports and imports of
at the port of
&
Naw
SONS,
York.
RED
IHOl/NTAIN, 6s (No. Pac. eaarantee),
ST.ATE, 4«.
KANSAS
COFFIN & STANTON,
m
1884.
Nassau Sibbbt,
roK SALE BT
In our report of the dry goods trade will be found ttic
ports of dry goods for one week later.
The following is a statement of the exports (excluHiveo/
BpGcie)from the port of New York to foreign ports for t»-f
week ending Septembar 37, 18S7, and from January 1 to date:
azPUBTD PKoa Misw TURK roa THi< waav,.
For the week...
Pre V. reported..
Exchange bon^bt
monthly balances
CITV OF BIKUH V.tlPTOX, N. T., 3 l-3a,
Cixr OF K tGIIESTJER, N. ¥., 7a,
TOW.\ OF SIlLIVA, Ti. Y., 4a,
CITT OF OIVCINNATI 7a, 7 3-lOa,
tobk..
W.889.728
,
All Btook.i and bonds listed on the New York Stock
id sold on coimui-s-Hlon for c-isti.
Depoait accounts received and Interest allowed on
su )joct to draft at alight.
a
aUo, totals since the beginoing of
$2,063,600
4,826,128
Geu'lmer'dlse..
FOK
INTESTORS.
:
rosaiaa imfobts at
For Week.
Total
Since Jan.
SECVRITICS
James Kellogg Buruham, Preaidont
Capital, $^.i0.000.
spe< te
for the week endini? Sjpt. 24, an 1
perio/lg In
1887, and for the correuponding
p»~
«
10. 11, l-i
aad 13 Mariiiner
Bankers.,
Biilldlnar.
Wall Street, N. Y.
CIT¥ OF TOPEKA, K1>IS4S,
SIX
PER CEVT IlfPHOVeVEVT BOVDS.
ISSUED FOR SPKEEr mi*ltOVE TIR.NTS.
Thciis bonds. bcHidci) hpiii i bnncd on ilie credit of Ihfi City, are
Plmt Men «n nil ihc Abultinu: Property, rained at ^«.93--t.U0a
a
AK<rs«Pd valuation or Ibe C'ty
Ar.tunl Valii 'tioii oTcr
Ifiane
RscliinlTeorthta
't'otal ludebtedneat
Popa'atlon, bout 40,000.
von rt;KTHEK rAnTiitrt.vBS o\i,r. on or
...
—
ORISWOI.D
3
<fc
$7,370,334
$/6,<'00.0O0
$43'i,900
•
ai>diie5s,
GIL.I.ETT,
WALL ar., NEW YORK.
THE CHRONICLE.
426
The
I
rates of leading
bankers are as follows
SMy
Septcmhtr 30.
~~
»EN»S
~~~~"^JYvll
<
Prime bankers' sterling bills
Prime commercial
D( icumen tary commercial
The foUowlnK dividends have recently beea announced
Name
Per
of Company.
Railroads.
Chicago Ro. k Isl'd &Pac.
(quar.)
& West, (quar.)
& llud. River (nuar.).
Cent.
N. Y.
N. T. & New England Pief
Wayne
& Chic. (quar.).
Ft.
Pittsb.
"
special (quar.
Banks.
Del. Lack.
Long
When
Books
I«lanrt (quar.)
-.
,
•'
I
Gallatin National
N. Y. Pioduco Kxcliange
inisccllaneoDs.
Amorlcan Bill TelipUone
Cent. & So Amer. Tel- g. (quar.)..
Mexican Telegiaph (([iiaiM
1%
1%
NcT.
1
Nov.
1
31a
Oct.
Oct.
1 eevt.
29 Ocr.
1 Oct.
15 Oct.
Nov.
1
1%
1%
Oct.
Oct.
4
5
3
Oct.
Oct.
Closed,
to Oct. 28
6 to Oct. 20
9 to Nov. 1
1 to Oct. 16
30
150ct.
Oct.
October.
Oowiber.
1 to Oct. 12
1'.
M.
week
for call loans during the week on
stock and bond collaterals have ranged from 4 to 7 per cent,
and to-day the rates were 4(gi7 per cent. Prime commercial
paper is quoted at 6@7i percent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £13,000, aiid the percentage of reserve to
liabilities was 43 76, against 45-08 last week: the discount
The Bank of France
rate remains unchanged at 4 per cent.
lost 2,325,000 francs in gold and 1,400,000 francs in silver.
The New York Clearing House banks in their statement of
Sept. 24 showed an increase in surplus reserve of $1,997,050,
the total surjilus being |5,816,725, against |3,819,675 the previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks
Ket
Diffr^nc^s fi'^m.
1886.
1885.
Prev. Week.
Sept. 23.
Sept. 26.
depof.lt8
Legal tenders
Legal reserve
Keserve held
Bnrplns.
'
$
667,300 337.485 700 32<>,0-!9.l00
Tnc.l,5;W,300 76.642 ,800i 109.254,400
3.237. 9u0 Inc. lOt.300
8,138 700
9.810,600
34i,!':t5.900;joc. 9 14.600 347,095 00 385,!)77,200
20,778,800! Inc. 170,600 19,211, 000 3^. 17. ,800
83.483.97.')lD6c. 236,150 86,773, ,92.'^ 96,491,300
9 1,3(10, TuO'Iuc. 1,760.000 95,853, ,800 141,426,200
;o..'52l.!i0O
5,S1 6,72^1 Inc
.
1
.997,050]
9,079.875
44,931,90(4
Excliange.— The sterling exchange market has been extremely dull and devoid of any feature of special interest during
the past week. Rates continue about steady, however, and
are not changed from a week ago, the posted rates being 4
80i
and 4 85. The gold movement has been decreasing and only
$471,575 have arrived since our last report, but about
$4,000,000 are said to be afloat from the other side.
To-day the rates on actual business were as follows, viz
Bankers' 60 days' sterling, 4 79}@4 80; demand, 4
83iia4 84.
Cables, 4 84}@4 84i.
Commercial bills were 4 78; Continental bills were: Francs, 5 26J@5 26i and 5 34|@5 25reichmarks, 94 and 94f guilders, 39|@39} and
39J@40.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day Savannah, buying
par; selling \(^\ premium; Charleston buying
3-16(§)i discount; selling jMr; New Orleans, commercial, $1 75@$2 00
discount; bank, par; St. Louis, 50@75c. discount: Chicaeo,
'
;
:
70c. discount.
— Government bonds have been almost
Pertodsl
new securities next week.
Tht open market rates
disc'ts (346,428, flOO Dec.
—
—
—
—
entirtly neglected at the Board, the sales in the early part of
the week being all in fractional lots of less than $1,000 each
and so not appearing in our table of sales 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 $4,066,400 $4i8 and $5,155,7.'50 !?4s.
The closing prices at the N. Y. Board have been as follows
Interest Sept.
A
Specie
Circulation
94'a»94 g9^
I
United States Bonds.
I
solvent traders, every time that there is a cry of tight money.
The railroad rejiorts of gross and net earnings for August
are coming in quite favorably, and Reading in particular
makes a showing that is really extraordinary.
The yacht races have taken ofE a good deal of attention from
the market this week, and when this temporary diversion is
past, and many of the wealthy men of ^he city also begin to
return to their homes after the first of October, it would not be
This, at
surprising if we had a more active and firmer market.
least, is the outlook of the present moment, barring any
troubles or unforeseen developments to cause apprehension.
better price for grain would jirobably induce larger shipments from the interior, but whatever is delayed now may just
so much increase the railroad business after inland navigation
has closed and when the trunk line rates have been advanced.
The VauderViilt stocks have been firmer this week ; Mr.
Depew has returned from Europe, and the last and lowest of
this group of stocks, the Nickel-plate, gains something by the
completed reorganization of the company and the issue of its
Loans and
5 25 35 24%
39-'8»391Ri«
—
—
—
reflected this in a steadier tone and firmer prices.
The Secretary of the Treasury is evidently inclined to do all
that he reasonably may do to prevent any trouble from the
accumulation of funds in the Treasury, and this being known it
has given a feeling of relief; on the other hand, it is getting to
be more thoroughly understood that the Treasury will not dump
millions in the market to relieve speculators, or practically in-
24.
'tt^H
99418
—
has been one of better feeling, and the stock market has
1887.
W»a5
94
Colns.- The followii\? are quotations in gold for various coins
99%®
Soverelgns
$4 83 ®$4 86 .Silver 148 and las.
—93 ®
Fivefrancs
95
Napoleons
3 84 ® 3 88
75%"®
X X Reichmarks.. 4 73 ® 4 77 Mexican dollars.. — 7.1I4®
Do uucommoic'l
3 96 ® 4 00
X Guilders
lA^z'ai
74 <a
Spau'h L)<iubloons.l5 55 ©15 70 Peruvian sols
Mex. Doubloons.. 15 55 ®15 65 [EugUsh silver... 4 77 ® 4 85
par aii4prem. U. S. trade dollars*— 75 ®
Fine gold bars ...
99%® 1 00
96is®
97 lU.S.silverdollars
Fine silver bars...
Dimes & ^ dimes.
go's® par.
* Now demonetized.
29 to Oct. 5
6 to Oct. 15
WAL,!.. STREET, FRIDAY, Sept. 30, 18Sr-5
The Money Market and Financial Situation.— The
Sei>l.
.
4 85
—
—
6 Sept.
ISlOct.
2>s
Demand.
Days,
4 SOifl
4 781a *4 7<=»i
4 78 -«4 78^4
5
Parirt (francs)
(iniilders)
Fraiitffort or Breuien (reichmarks)
1
3
on Loudon.
Amsterdam
(Days inchuive.)
Cent. [Payable.
Vol. XL,V.
li4.
4'2S, 1891... . --reg Q.-Mar. •108I4
.coup. !<i-Mar. *108»4
4128. 1891
...reg. (^.-Jan. "IJSTj
48,1907
.coup. Q.-Jan. *124''8
48, 1907
6-, cur'oy,'95. ...reg. J. & J. •121
6s, eur'cy,'96. . .rea J. & J. •123
6s, cur'cy, '97. ...reg. ,T. & J. •126
*
This
is
&
&
Sfpl.
Sep',
•i'i.
ZJ
Sept.
3j
•IO8I4 'lOSM *!0 I4 *10-<14 •IO-I4
•I08l4,*108l4 *10-*l4 •108'4 *;0li4
121 n21
*123''8l*12l ,>124
*125
•123
125
'1247e 12i
•122
121
123
124
1-26
•126
J. •lv!8
12.3
,*128
J •130
130
•130
,
6s, cui 'cy, '98 ...reg. J.
6s. .•iii'iv.'99. ...Tt>s. .r.
Sept.
27.
Sept.
16.
the price bid at the morniug boa(d
;
no
•122
•124
'126
•128
•130
sale
was
122
•124
•126
•12S
•130
•122
•124
•12»
•128
•130
m jde.
Railroad Bonds.— State bonds have been
State and
extremely dull all the week and the market is without any
feature of interest.
Railroad bonds have not at any time shown any particular
and the market has been dull most of the week. At
the same time a better demand for bonds is reported, though it is
shown more in the steadily advancing prices than in the amount
Prices have ruled (juite strong all the time
of business done.
and have been steadily regaining much of their last week's
decline, though there has been no rapid or important advance.
There has alto been no special activity in any particular class,
the business having been well distributed and moderate in
amount. The improvement has naturally been most noticablein
the lower-priced classes, as they suffered the most in the previous depression, and there is no specially large investment
activity,
demand.
Railroad and Miscellaneous Stocks.— The market has been
dull and comparatively lifeless during the past week, the
attendance at the yacht races and the observance of a Jewish
The tone of prices has
holiday tending to restrict business.
Ijcen better than last week, and a generally improving tendency
has been apparent, but as there has been no important buying
movement, and as the bulls h.ave not undertaken to boom
the market, transactions continue very limited in volume.
The market has been somewhat irregular at times,
and in the early dealings was rather weak, on continued short sales and the hammering of a few leading
Pacific 3Iail started the upward movement by a sharp
shares.
advance on Monday, on the report that the Gould interest had
gained control, which would result in important changes in
Jersey Central was also specially strong on
the directory.
The market has
that day on the covering of short contracts.
been generally pretty strong since then, and while there has
been no important bull movement, prices have gradually improved, and a few of the leading stocks have at times shown
much
strength.
There is little change in the general situation, and the news
of the week, while favorable, has not been specially important.
Money has been easy all the week and less anxiety is felt as to
The Treasury Department
possible stringency in the future.
shows a disposition to relieve the money market as far as possible, and a conference held this week between Secretary Fairchild and a number of New York bankers helped the improving
tone.
Gold continues to come here from abroad and the Bank
rate of discount as it was anticiall favorable features and helped
In regard to special features,
to establish the better feeling.
Reading improved on the advance in coal prices and the remarkably gratifying statement of earnings for .\ugust and the
nine months of its fiscal year; the other coal stocks were also
of
England failed to raise its
These are
it would do.
pated
St. Paul and the other grangers were
stronger in sympathy.
by the notice given by the former company of an
advance in freight rates. The Vanderbilts were noticeably
assisted
strong, and this was spoken of as complimentary to Mr. Depew
To-day, Friday, the tone wa*
on his return from Europe.
steady and prices generally closed near the best of the day.
OcroBKEl,
THE CHRONICLE..
1887.]
8T0CK8-PBICE8 AT
N. Y. STO( K i:\(
II
\\(iK
FOR WEEK ENDINtt SEPT.
Baturdar.
Honday,
Sept.
Sop-. 2U.
Avtivr Hit. dtoclia.
•10'b
AtlHIltll' .V Pitoltlo
OlUUtatiull I'lK'ino
Sim
<
00>.i
•33)4
•5
OMo
ifc
9
Ist iir»f
2il pref
1)0
1)0
•0
A Qiilnt-y.
134>g
810h
118^8
I12>e
OhlOBKO J[ Northwcatcni
pref. 141
Vo
OhlcaKo Rook Islanil APoottlr. 119 >4
CliloapiHl. Luul8 A PltlabiirK.
Ohlcatto BiirllnKtnn
OhlcaKO Mtlwiitikex
&m.Panl.
Do
pref.
Do
prof.
OblcikKo St. Paul MIn.
Do
OleveUuidOoI.Cln. A
& Oin
41^
.
pref.
Tndliinap.
Oalumbus Hooking VnL.VTol.
Delaware LackawaiiDH .VcWee'
Denver & Klo U., asaesaiu't p<l
Do
East Tennessee
Do
Do
pref.
Va. & Oa. R'y.
Ist pref.
2d pref
Evansvllle A Terre Haute
Fort Worth* DenverUlty
Oreen Bay Wluoua & St. Paul.
pref.
1)11
nilnoiit
&
67 U
,
lb
NasbvlUo
New Alb. iSi CUleaKO...
HanhHtiitn Elevaieil.consol.
Louis.
MeniplilK
•sa.
53 >8 54 >H
70i« 7|l2
n*
34
42%
93ie
421s
9214
89
32
32
15
33>s
15 '4
4314
9314
43''8
43''8
93%
9438
90
90
!)0
14% 14%
60>8
60^8
58%
603e
38
99
38
99
36
98
36
37 14
37 "4
98 14
983g
goig
pr«f
•11
•24 Is
22:«l
91 13
60%
•10%
73
Manitoba 102% 103
73
•II
"i
22
38
99
72
99
89
89
PaciBo Mall
33''8
34%
Qas
•95
ar Co
Western Union Telegraph
Kxprena Stockii.
146
Adams
95
148
72% 74%
145
7
7
4li-'^
9%
91s
•14
24
1171a 119
•14
11814
•32
32%
•33
l.'>%
16
15%
6138
40
99
•9
72»8
145
145
•105
•70
•120
United States
FargoACo
Cincinnati Wash.
Do
Cleveland
A
A Baltimore.
72
13
74
118% 117
117''8
1.';%
l.'>%
34%
32
16
la-'a
45%
32
16
46
9438
95%
91
91
61
62%
40
60%
61
41
41
34
100% 100% 100% 100% 100%
8734
88
83
52
88
1
•U
•11
13
•11
73% 76
73
76
76
76
108% 108% 10939 109 '4 109% 110778 109
1739
17% 17% 17
17
17% 17
30% 31''9 31
31% 30
30
31%
29%
65
3839
16%
8%
27%i
40n8
24)9
50
26%
20%
21
60%
24%
5078
29% 29=8
65% 65%
37'8 39%
Do
2978
65
39
65%
40%
17% •16% 17%!
9%
8% 9
•8%
9
9
28
27% 27%
13
41
28
•14% 15
15
41
41% 42%
24% 24%
50% 51
•25% 26%
24% 24%
49% 50%
•2.')%
26
20=8
21
20^8
2138
80
34
69
110
64
20
15% 15%
41% 42%
24% 24%
4979 50%
2578
2078
21% 21% 22%
60% ei% 60
24% 25
24%
52
52% 52%
82
82% 83
36
36
35%
69% 71
71%
111 111
110%
65% 66% 66
104%
20% 21%
59 »8 61%
23% 2434,
50% 52%
79
34
03
110% 110
61%: 62
103
100
29%
65%
38%
2734
25 7e
21%
23
Do
Bt Louis
Alt.
A Terre
pref.
Haute..
Ark. ATeias
Columliux A Hocking Coal....
Tennessee Coal A Iron
Tmrlonn Stock*. Ac. (Unl
Amer. Cotton Oil Trust
Pipe Line Certifliates
79% 80
78
•3
•5
153
•9
10%
14
19
80
14
•9
•
'
37
75
113
66
33% 34
71
96
148
74%
71
99% 99%
37
88
39
88
37% 383.1
95% 95%
149
73''8
149
74%
34
71%
99%
39%
8n%
38%
May 1»
Apr 13
43% Apr la
9%
'.'9
550
16
17
2->7
29
11%
I.-.
136
iU
».')
Jan. 9
Jan. 13
Jan. 20
May 17
May 18
127% May
30 127% June
29 1.33% June
20 UO's May
2<;
22
•Jl
17
7
7
17
Apr. 22
Apr. 22
52%
51% May 17
271
20
118% June 7
•20
•20
68
39%
19
Apr. 11
Jan. 11
20 139% June
32%
3
X
Apr. 14
68% June 4
20
3
2ll
17
•^li
82% Jan. 13
32
100
21
•20
Jan.
Jan.
Apr.
02% May
....,
3
9
"
7
7
28 May 31
May 28
1,611 11116 Sept 9 138
100 12 8t'pt,.20 27% Apr. 1
310 30=8 Sept, 20 47% Apr. 21
Sept 20' 24% May K;
2,370, 13
Sept
8078 Aug.
85
37,«70i 67
600j
17
Apr.
61
Apr. 29
Aug. 24
40
3,493
46,126
284
4,996
100
1,875
1,383
.
21
Sept. •20
Feb.
3!
30% Sept. 21
93% Aug. 31
49
80
i
98% June 3a
99% May 14
70% Apr. 14
67% June 11
Sept. 16
Aug.
1,
18.
18
2.
31
»
1»
10%S.pt. 20i 19% Jan. 8
7"
Sept.
21
3
88%
Jan.
3,450
6,974 105% Sept. jo;ii4% .May 19
35% 36
71% 717a
35%
71%
100
39 »8
12
35% 36%
72
72
99%
9978
39%
39=8
39
89%
88
89
8979
39
90
3838
38% 3938
98% 99%
30
40%
78
4
6%
I
70
153
10
19
80
3
•5
150
109
71
130
145
107
70
130
'140
108
146
108
70
130
86
85
13% 13%
14% 14%
5
6
•5%
•23
28
•22
34
•25
27
12
6
26
85%
12
isted.)
28%
67% 69
28°8
;
24% 24%
28% 28%
67% 6878
6,826,
1,2.501
7.981
l,3i0
14
38
4%
78
21
22%
47% Aug. 23
22% Feb. 11
18% Sept. 20'
i
17%S.pt. 21
5,910,
30
1,230 67
2,218 96%
2 02'<| 34
1.753 84
40,507 32%
10
•14
•5%
•22
10
19
84
3%
5%
35%
13% 13%
29
26
25% 26
25
27% 28%
66% 68
28\ 29%
66% 67%
no sale was made at the Board.
3%
•5%
•9% 10%
•9%
83
•5%
•22
19
86
19
83
6%
6
28
27% 27%
2878
66%
I
2678
29%
6778
Lower
15%
•14
35% 36%
26
3001
10%
•22
•35
6
28
37
27% 28
26% 27%
29
67
price
Is
65
53
87%
95
Sept.
3
IS
18
1»
4
7
25
O-
Jan. 17
Jan. 17
Jan. 17
Sept.
1,624
41152
Aug.
76
137
June
Aug.
Jan.
Sept.
7
8
23
»
5-
20118% May 14
Feb. 17
Sept.
33%
236 144
100 10
20
600 83
eoo 13
12
6
26
30
1,200
200 10
700 84
May 31
May Iff
Sept. 21 58% Apr.
Feb.
Sept. 20 116
Jan. 4 1.39% May
June 'J4| 7978 Sept.
98
4%
105% Apr. 18
Aug. 26 34%
Aug. 26,105%
96% Jan.
38
86
1,788 66
3
100
3%
579
34% July
63% May
32% Apr.
35% Apr.
39% May
3
14
14
O 83% May 1»
89 May 19
Sept. 20;
Sept. 21
0% Sept.
12
14% 13% 15
6
28
36
3001
Sent
139% Jan.
98 106
124 62
6 120
70
131
Mar. 2»
20% Jan.
30
108%
70
66
Feb.
20, 14
211 38% Feb.
20; 23% Jan.
20, 5579 May
1U%
65
78
Aug. 25
Sept.
Sept.
Sept.
Sept.
Sept.
20% May 18
37% May 18
33% Apr. 12
76 May 23
Jan. 27; 44% May 2ft
61 % Feb. 21 84% May 2»
906 11)9% Sept. 21 1-20 June 2
1,358 55% Jan. 7 »5 June 20
May 23
Ang. 2
3801 99
2.260 97 Sept. 21 1207e May 27
Feb.
3, 35% May 23
18,300; 20
21.305 60 Sept. 20; 63% Uay 18
22% May 6
2,510 13% Feb.
38% May 18
6.300 2^% Feb.
Sept.
63% Apr. 18
3,450; 3iS
1,020
2,710
65
6
•26
-24% 25
V50
9,570
3,325
7%
24%
1.39
^125
55
12
12
4
6
10
1.4.30
2,220!
15%
150
104% 104%
152% 152%
35% •33% 36
These are the prices bid and asked
12
9
300
96
97% 99
2.325; 89%
149% 149 150
149% 152
2.21^ 139%
74% 7478! 74% 75% 74% 75% 91,460 67%
1)6
•125
9
!
14
149
•140
-105
150
108
74
130
33
St. Ix)ula
'
l-.„
S(l%
'I,
S>'pt. 20'
61% 342,340 34 Feb. 1!
26% 75,770 20% Sept. 21
54% 7,087! 43 Sept. 20!
85
759 78% Eeiit. 20
71
90
"98% 'S9%
8
pref.
Mexican Central....'.
Ohio Southern
Quicksilver Mining CO
eooi 32
,
Sept. 20!
3,220
4,280 26% Sept. 211
Sept. 20
27
297e 21,143
66% 2.510! 61% Sept. 21
40% 103,860 3.i% Seit. 20
29%
•1678
80
34
69
102% 103
pref.
Pittsburg, guar..
Des Moines A Ft. D uge
Marquette Houghton A On...
65% Jan.
28,97.'.!
17
Inactive Storks.
Atchison Ti peka A Simta Fe.
Boston A N. Y. Ali-IJue, pref.
Buffalo Rocb. A Pittsburg
Cedar Fall« * Minnesota
Chicago ik Ind. Coal R'way...
IJo
pref
CInoln. Ind. St. I.ouis A Chic
,
510 21% Feb. 4
7% Sept. 21
765
10
24
•14
24
44% 44%
94% 9538
44
45
953g
91
91
60^8 61^8
93%
I
9%
46% 47
33%
36%
86% 86%
34% 38%
97
146
Aiuerican
Wells,
32
71
98
36
33%
Delaware
Hudson Canul...
Oregon luiproreiuent Co
Oregon Railway iV NaT. Co...
t
June 13
Jan. 13
-
.In
6
•9%
39
23
51% 52%
17% 17%
31% 3l3e
Wlieeliug
Pullnian Pa lace
920 49%
28,825 49
•514
103
104%
104% 104% 103% 105% 105% 106
2378
23
23% 24'58 24% 25% 2478 23%
52% 53% 5.i% 5373 53=8 54=8 53% 54%
17% 17%' •17
17% 18
18% 18
18%
31% 31=8 '30% 31% 32% 3268 31% 32%
40
40=8 41%
39% 41
42
40% 41%
10278 103
22% 23%
51% 5238
•17 14 17%
31
31%
•71
9V s
l.flflH
I
ifc
<<£
72
74%
83% 33%
!
<fe
33
65«»
nstien.
im im
86
82
New York C6iitrar& Hudson 1071-2 107'e! 107% IO714 108
New Y. Chle.A St.L., a.«ecntM 151s 1.')% 15% 15''8 16
•28
29
20
Do
29
pref., a^8ente<l.
New York Lake Erie * Wesc'n 'li.s^s 29 18 28% 29
29%
61
63% 64
Do
64
64%
pref.
35 '4 37% 3738
New York & New England... 361s
•16% 16'8 16% 16% 16%
New York Ontario & West
New Y'orkSueq. <b Western...
9
8% 8%
8%
8'a
26
Do
26% 27
pref.
261s 261s
•14
16
Norfolk & Western
15
15
4018 4038
38% 40
40%
Do
prof.
23 'a 24
23% 2438 24
Northern Paclflc
49
48% 4938 4979
Do
49
pref.
25
Ohio * MlRSlRSlppl
25%
24% 2314 25
20 14 19»8 20% 20%
Oregon ttTraun-Contlneutal..
20
•20
•20
Peoria Deealur
20%
KvausvUle.
201s 201s
58^8
PhUadelphlaA Reading
58%
57% 58% 57
21^8 23%, 23
2238 23
Blohiu 'd West F'ut Xermln al
49
50
Do
48
50
pref
50
Borne Watertown >t Ogdensb'g
78% 79%l 79%
83
34 14 32% 34%; 34
"s'l'ii
Bt. Louis iJcSan Frauulseo..
6779
67% 68
Do
68
prof.
68
110
Do
110%
Ist pref '109 llOia 110
60
63% 61%
8t Paul & Du lath
64
100
Do
pref
& Lake Erie
intHOeilaiieoua Stocks.
10T„
62%
1887.
!
15
Colora'lo Coal & Iron
CouBollduteil Gas Co
10%
•50
54<S
LOWMt*
1,
19
73%
pref.
Mwrat
Jaa.
20
5
•lOis
Do
SepPt. 30.
1887.
93% May
82 '8 82'8 81
83
83% 83
84
8118
83
66% Jan. 6 94% May
10315 103
103
104 104
105% 105% 103% 106% 105% 103%
950 98 Jan. 4 119 May
•12
•11
•11
12
12
12
12
12
13
12
12
400 10 Sept 21 20% Apr.
2538
25% 25% 25
25% 25
26% 1,000 22 Sijit •20! 48% May
25% 21% 24% 25
22% 23
23
23%, 23% 23=9 23% 2438 23% 25
23
8,4 8o 21% Sept. 20 34% Apr.
91''8'
90
91% 92'e' 9238 9334 92«8 9378 92% 93% 41,324; 89% Sept. 21 112 May
921s
•72ifl
Texas A PaeiUc, ass. paid
Union PaclHc
Wab. St. L. A P.,P. Com. repts.
5513
7313
eltba
Waak.
5 Sept
9 Seiit.
6 Bi-pt.
134 135
11194 131 8e|.t.
7839 79<>B 138,272 78 Sept.
116 116
931 114% Sept.
11238 112'9 26,245 109 July
143% 143%
125 138% Jan
118% IIHI4 2,4^7 116%8.pt.
15
15
625 12% Sept.
37% 40
1,200 36 Jan.
43% 44% 8,945 393y Sept.
638 104%.Sept.
1071s 1071s '1061a 1081s 107% 108
54
54
53% 54
2,300 49 Sept.
521s 94
21
21
21
Sept..
20
30% 21
1,450| 16
128 126''8 128% 12913 128% 12979 98,.'i89! 124%S.-pt.
25 ''8 26%
25!*e
1,600 2178 Feb.
•5718 68%
•57
Sept.
58
1,1 "». 56
58»e 58<>e
11
11% 11% 1,723 »%8<pt.
11
•54
58
57% 67% 57
67% 1,380' 82 Sept.
21% 20% 21% J ,505 19 H«!pt.
20% 20% 21
•80
90
85
87
87
85
310 80 Sept.
-4618
913
1,
1617b Apr.
64% Apr.
Nanliv.Cliattan<>oga.&St. Louis
Phlla<ieli>hia Co., Nat.
'
83% 84
85
MlwHouri Pix'itlc
Mobile * Ohio
itc
54'*
723h
3mi
118^ 119
119
92H
103 1«
Kansas ATexas
Paul Mlnneap.
Io^
62% 62%
10>(
8258
asis
Frtdar.
I
32
pref
Louis
Do
Bt.
•lOie
10
52% 52%
JAM.
iW
33>9
15>4
'841s
8ll8
Do
Hlasoiiri
10
10
52
Michigan Central
UU. Lake Shore & West
tb St.
Sept. 29.
71
7314I
34 14 34 14 '3413 35
•5
6
<•
6
•a>4
6
7
•9
10
10
11
10
10
•6
•6
•6
6
6
7
7
7
8
134 Hi 133 1331s 133% 133% 13414 134 •« 1341313413
80
82
78 >« 79
9'iU t7S
781s 70»>t| 79
116 116
IIU. |lll4>s 118% 115
1151s ll.^78ll6
112% 113'4
112\l U0\ 1121s 111<<8 11218 Ii2ieii3
I42I11 14U
'141%
142
141
143
143isl 143 13 14313
120
121
1201s 122
1201s 121^ 12016 120% 121
Ills 14%
15
14%
•131s 141s •14
36 38
40
36
36
38
39131 •38
42I4
40Te 41%
41^8
4214
I2>s 43%!
431s 44
•31
I4I4
42 ig
A Cliarleston
HlnneiipoUa
10
Hopt. 28.
521s
53ie
70'g
33 \ 33%
•5
6
9
9
I.'<land
LouUville
•S'l.t,
pd
Went., ass.
Peiultioke
Kingston a
Lake Erie & Western
Do
do
pref.
Lake Sliore & Mich. Southern
Long
ft2>ii
S2
Ml '4
70
34 <
AND 8WCB
Rug* aliiM
Uedneaday, Thundar,
107>4 I0714 1061s loeifi 1061a 107 1.J
52
M>a 501s 501s 501s 52
I9I4 191s
18
IS'8 IS's
18'e
127)8 127 "s 125% 12738 127i4l28'8
•24'« 26
25
25
241s 24 Hj
•57
56 >s 57
as
671s 571s
IOI4 10«s
101* 10I3
IOOb 10%
•52
5514 5514
56
54% 55
20I4 20I4
•lUig 20^4
19% 20
•80
•82 14
•82
83
84
•4618 46is
46
46
Qis
9
9
9
9
9>a
*14
•14
14 24
24
24
119
Central
Inil. BIiii.iu.
10\
S2
CaiiHclu !<uutlioni
Otiilriil of Now Jersey
Oi<ntnil Pa«in«
Otaooutuake
'il.
«•,
in WEST PRtOSS,
liiuin
BTOCKB.
427
•20
Aug. 31
(>
5!llS78 June ft
Feb. 14
I 102
ft
191 74% Apr.
Jan. 7
II 19
20' 0779 Apr. 19
Aug. 1 99% May IS
Aug. 31 104 Feb. 19
Sept 19'
7
Jan.
13
Sapt. 19i 10% Jan.
July
Feb. 9 134
Aug 24: 15 June
14
16
13
June isl 30% May 27
Sept 2»|100% May 27
Apr. 9
Sept. 20 22
Aug. 30^ 22 May 17
Sept. 21I
8% Jan. 10
May 14
Sept. 19; 35
Jan. 8 45% June 6
Feb. 12
Sept 19 25
Sept 20; 50 Apr. 27
19 64% Jan. 14
21% Sept.
12,118 26% Sept. 20 64% Jan. 3
687e SM4JOOO 54 July 3si 76 Bept.13
29%
ex.dlvldend.
T Ex-rl(hts.
THE CHRONICLE.
428
B JNDS-LATEST PBICES OF ACHYE BONUS AT
Railroad Bonds.
Range
IiOteeit.
27^8
26
& Pac— W. D. Inc.. 68, 1910 83
Guar., 48, 1937
IOII3
1908
Can. Soutli.— iBt guar., 58,
• 88
2d, 5s, 1913
Oen. Iowa— let, 78, '99, coup, ofl
CjDlralof N. J.— let, 78, 1890.. 10514
Consol.73, 1899, a-seent.
Convert. 78, 1902, assent
AdlUBt, 7s, 1903
Convert, del). 6s, 1908
Intcr;in
Imnd
Denver Divls., 4a,
1141.2b. 11614b,
110
*
1131a Feb.
nils Fob.
9
pt.
19
93
100
103
104
96
a.
b.
i'S
June
97
94
Sept.
116i4b. llSiflJuiy
124i3').U25i20. 12513 Sept.
Consol. 7a, 1905
b.jllS
114
113 Sept.
68,1910....
let, 80. Mln. Div.—
103i4a.:102%
IJ2% Sept.
let, Chi. & Pac.W.Div— 58, '21
i02
a.
102 Sept.
1921
...
Wle. <fe Min. Div.-58,
Terminal
58,
b.
lom July
102
140 a 138
l27i3b.|L27
139 a.
"'
127iab.
120%!). 120
b.
S-pt.
Sept.
U7 May
1
'
C—
9218 Jan.
Jan.
99
30
36
33
H8i«
l8t, consol.,
.58.
U3
LIS
112
Ill
112
b.lll3
b
101
108
113
65
88
61
lul
90
87
b.
70
86
.........
112
....
94
Feb.
Feb.
61%
Sept.
86
70
88
20
b 112
a
86
a7
75
88
64
94 a 90
124 b 124
U3
ion. & Nash.— Consol. ,7s, 1898
K. O. & Mobile— let, 68, 1930
2d,68,1930
E. H, 4 N.— 1st, 66, 1919
General, Os. 1930
Trust iioDds, 68, 1922
10-40,68, 1924
Lou. N. A. & Ch.-lst, 68, 1910,
Consol., gold, tjs, 1916
Mem. &Cb'lKton— 68, gold, 1924
Metro. Elevated.— iHt. 68, 1908
2d, 68, 1899
Mexican Cent.— Niw ass. 4e
Incomes. 3s, 1911
b.
b.
b.
a.
119
109
98
1221a
b 12038
1121a
b. 118
105
9078
122
114
120
L09
112iab. 112ia'J. 112
107I3I).
106
110
106
a.
IIOI4
110
90
94 13
lOm
116
107
May
Jan.
Juno
118% June
10818 June
105 June
100 June
119
116 Feb.
1 00 la May
118% Mur.
81
June
Mar.
June
Jan.
Jan.
Jan.
Feb.
99 Jan.
1031a June
a.
114
108
Aug
105% May
142
Jan.
133
Jan
Mar.
Mar.
Apr.
Jim.
1271a Jan.
102 Feb.
III la May
101% June
SS's Jan.
91 Jan.
12lia June
82% June
82
78
Apr.
Jan.
86% June
5a May
10138 Apr.
Jan.
108
137
June
115 Mar.
120 Mar.
104 '8 \ray
95i4Mny
981a .vi.iy
1091a Mar.
111
Jan.
I(t0i« Jan.
92i4Feb.
109 May
53 May
125% June
106% June
110
110% Mac
May
7j% May
112
124 14
99
l>'eb.
May
3478 Apr.
M
ir.
Feb.
July
Jail.
129
Jutie
1261a .May
9913
11758
II413
109
103
90
100
113
99
107
Ausi.
961-2
1921..
5913'
85"b.
1st refundins, 5.^, 1937
Midland of N. J.— 1st. 6a, 1910 110 a.
72
PaciHc— 1st, 68, 1920
Consol., 5',
May
May
May
May
Apr.
II513MHV
Julie
May
Sept. litiia M.iy
Sept. 113
Apr.
99
1925
& Traneoon.— 6s, 1922.. 92
& Evans.- Ist, 6a. '20. 110
Peo. Deo.
Jan.
1041a Jan.
98 Jan.
109 Jan.
Sept.
68,
N.Y.Sus.&W.- Deb.,68,'97,op.ofl
Oregon
May
125 Sept.
July 115 Feb.
Apr. 1211a Feb.
Jan. II314 June
July
1900
78,
1923
N.Y'. Elevated— l8t. 7s, 1906....
N. Y. Lack. & W.— 1st, fis, 1921.
Construction, 5?, 1923
N, Y. Ont. A W.— 1st. 6s. 1914.. 106
124T8
9Si2May
Jan.
68,
N.Y.City&No.— Gen., 68,1910.
llQiaFeb.
Aug. 122
Sept.
98
Jan.
78
fept. 100
107
106
51
1913
126 13
113
119
Sept.
Sept.
Sept.
Mny
2d mort.,
North. Faoinc—l8t,oonp., 68, '21 11413
103 b.
Gen 'I, 2d, coup., 1933
James R. Val. -let, Os, 1936..
N, Pao.Ter.Co.— Ist. 6a, 1933. .. 102 'b,
Ohio ife Mise.— Consol., 7s, 1898. 113 b.
114
2d, consol., 78, 1911
10913a.
Sprint'tleldDW.— 7s,190.T
OhioSouthem— l8t, 63, 1921. .. '.02
33
2d,inc.,68, 1921
Oregon Impr. Co.— Ist, 63, 1910 91 b.
Ore. R.&Nav.Co.— 1st, 68, 1909 109 a.
»9i2 Juue
Jan.
N.Y.* War.— l8t,
N.Y.Chlc.&St.L.— 1st,
130% June
119 la June
109 Jan.
108 Mav
Sept 30
1
STATE
SECUBITIES.
Alabama— Cla^s A 3
10 5
Class H. 58
t;ias8 C. 48
6a, 10-20
Bid.
1900 104
1906 104
1C6
19061
103
1900 r
Aikinsaa—«e, funded.. 1899-1900
7», Little Koek A Fort Smith, Iss.
78, Memplii-. A Little
78, Aikansiis Cei;tial
Georgia— 7s, gold
Loalsiana~78, cons
Stamped, 48
Michigan— 7s
Hook,
RR
Aek.
Iss..
iii'i
10
25
20
11
1890
1914
i'0'6
is'pn
86
106
U
105
87
1.
1).
—
b.
118
114
130
81
88
77
45
33
125
103
2d mort., 7», 1897
Gen. Ry. A. landgr.,
St. L.
& San
Fr.-
68, Class B,
68, CliissC,
94
1906
1906
Gen'l mort., 6s, 19 il
Gen'l mort., 5s, 1931
80. Pac., Mo.— Ist, 68, 1888...
1131a Jan.
114 Apr.
fept.
108
Sept.
6^1 la
Aug.
89
Sept. 131
Apr
May
112i3May
June 104% Mar.
107
105
35
Sep;.
lOeiaU, 107
.Sept.
92%
9i
101
It
July
Aug.
75
116
Apr.
108
48
Jan.
June
1123e June
May
June
102% Apr
5514 Jan.
115 Jan.
II4I3 Mar.
99 Jan.
1151a Jan.
117 Apr.
II714 Apr.
115 May
lolia June
10413 Jan.
118 Ai>r.
121
Mar.
12014 May
10 IH May
109 May
55 May
1071a Jan.
SO Jan.
281a Jan.
May
Sept.
Sept.
Sept.
Sept.
Feo.
Sept.
100
14!).
81a Apr.
Sept.
Jan.
9513 Sept.
3i
S-pt.
112iab. 109
Ii2iab. 112
112iaa. 11213b. 112
11214b. 1131a
1081a
98 13b. 99%'i, 9713
I.
.
Jan
let, 78, 1909
39 13
3714
-is, 1921
Sept.
98 b. 99
M.iy
Carolina- lat, 6s, 1620
May
2d. 6b, 1931
"l3"b'
Sept.
Inc., 68. 1931
11114b. n0i«Feb.
80. Pac, Cal.— 1st, 68, 1905-12..
110 Feb.
So. Pac, Ari.— Ist, lia, 1909-10..
107 b. i'd7i4ij' 105% Jan.
So. Pac, N. M.— lat. 6s, 1911.
47%
43 Sept.
Tex. & Pac— Inc. A Id gr, 78. '15 4'Si3
6338
53 Sept.
Rio Grande Div.— 68, 1930 ... 02 13
58 b, 56 Sept.
Gen. mort. &tenu., 63, 1905..
Hi"" 94 a. 89 Jan.
Tol. A.A. &N. M.— l8t,6s, 1924
102 lab. 1021s Spt.
Tol.A.A. & Gr.Tr.— l3t, 68, 1921 102 "a
100 a.
104 Jau.
Tol. Peor. A West— lat. 7a, '17
95 Jan.
Tol. A Ohio Cent.— Ist, Ss, 1935
9".%
91 Sept.
Tii'.St LA Kan. C.-lfct.Us. 1916 "9'6"b!
Union Pacitlc -lat, 6s, 1899.... 115%b. 117 "J, 114 Jau.
104 b. L04 b. 102 Jan.
Land grant, 73. 1887-9
110
110 b 110 Sept,
Bmkingtuiid, 8s, 1893
108 b
10 1I3 Sept.
Kan. PaolHc— 1st, 68, 1395
108 b
IO8I3 Sept.
1st, 68, 1896
116 b 116 b \ 4 Jan.
Denver Uiv.— 68. 1899
lOOTgb 101
101
Sept.
let consol, 68, 1919
97I4 Sept.
Oregon Sb. Lino let, 6s, '22.. 9 s
93
95 Apr.
Virginia Mid.- Inc. 68. 1 927.
80
Gen'l mort., fls, 1936
hO a 7. la Sept.
b 49 Jan.
f)i
Wab. St.L. A Pac. Gen., 68, '20 55%
Chicago Dlvison— 58, 1910 ... 98
99 b 89 Feb.
Wabash- Mortgage, 78, 1909
b
82 Aug.
Tol. A Wab.— Ist, ext., 78, '90 Uiiib. 114 U IIOI4 Jau.
110 1. 106
Ian.
let, St. L. Div.. 7s, 1889
»8ial)
2d, extended, 7a, 1893
98 Sept.
90
Con., conv.. 7s, 1907
90 b 8J Sept.
113 b, 11213!). 1.09 Jau.
Great West.- Ist, 78, 1888
98iab.
2d, 78. 1893
98 Aug.
AN.—
R.eAr.,78,'95.
St.L.K.C.
lOJ a
109 Mar.
West Shore— Guar.. 4a
98%
9'i^e"
97 Sept.
Shenandoah Val.Gen'l mort.,
So.
U5
.
97i>8 June
119% Mar.
10313
120
115
115
-
. .
1
m
May
Feb.
May
Mar.
I1714 Apr.
109 Apr.
10713 Jan.
99 Jan.
1
-
July
112 Apr.
110 June
661a Feb.
7313 May
72 Apr.
100 May
109 13 June
112 Feb.
99% Jan.
.
.
Mar.
Mar.
Apr.
100 13
97
65
113
July
11238'). lioie Jan.
St. Paul M. & M.— Ist, 78, 1909.
lloiaa. 1161*0. 1151a Sept.
2d, 68, 1909
II4I3
114'N
1st cons, tis, lit33
1141a Sept.
96 b. 9713'J. 9S Feb.
reduced to 4138
Do
.
Jan.
Jan.
Sept. 10:13 Apr.
Sept.
893* Apr.
IO8I4 June
109
1931.
A, 1906
58,
6s,, CI.
May
106
—
1892... IO7I3
Apr.
Aug. 10714
1301a Sept. 137
.
& Ir. Mt.— lat, 7e,
122
121
Aug. 133
Aug.
90
Feb.
Jan.
107I3 Aug.
lOa^e Feb.
104 May
EvansT. Div let, 6a. 1920...
Rich & All.— 1 at, 78, 1920. tr. rec "56%b.
Klchm. & Dan.— Cons., 68, 1915 109
Debenture, 6s, 1927
Rooh. & Pitts.- 1st, 68, 1921...
11313b.
Consol., 6s, 1922
Eoine W. A Ogd.— let, 78. 1891.
101 %b. 10 3
Consol., extend., 5s. 1922
98
93
St Jo. AGd.Isl.- Ist, 63, 1925
2d,lncome, 58, 1925
1st, 78, 1894, 113 b.'
St.L. -ilt.A X.H
110
2d, M., pref., 78, 1894
2d., M., inc., 76, 1891
30 b
Dividend bds, 68, 1 89 4
98=8
St. L. Ark. .& Tex.— Ist, 68, 1936 98
38%
2d, 68, 1936
at. L.
Highest.
Mar, llCa.Tnno
1311 b. I28>a Jlay
13313 Apr.
99 13
85 Jan. 101i3May
93 b. 70 Jan.
99 May
62
58 Sept. 80 Apr.
117 1). lien's S-pt. 123 Jan.
123 b 1'25 Sept. 128I3 Apr.
106 Sept. 110 Jan.
ioJ"b' 106 Sept. 11058 Feb.
77 Apr.
69 Feb.
bo' 'a' 901a Aug.
9618 May
1119 b. 107
Aug. 115i3May
73 b. 69I3 Sept. 8618 May
II4I4
II3I4 Sept. llSia Apr.
103 :<s
101% Sept. 107 13 Mar.
May
1061a Jan. 1 1
i'o'ii^b" 100
July 10713 Juno
lldiaa II413 Aug. 123 Apr.
113 Sept. 119 Jan.
i'o'gisa' 109
Jan. II213 Apr.
102 Feb. 11 la Apr.
37
31 Sept. 5013 May
93I3
89 Sept. 102''8 May
9.1
h. 108
Jau. 112
May
100 a, 99 Aug. 106 Jan.
95
9) 8«pt. 10413 Apr.
110 Mar. II513 June
100 b. lOO^e Sept. 112 Feb.
59
56 Sept. 77 Apr
109 8-^pt. 115 June
109 a. 106 Feb. 114 Apr.
114 Feb. 120 Mar.
117 Apr.
108 Jan.
Feb
7.i% June
'.'7% June
Sept
Mich. Ceniral-lKt, con., 78,' 'oi' iVeia" 12912 a.
Aug. 131 Apr.
Wlsa'riPHC.-lBt, cone., 6s,1920'113 b. 114
Sept. 119
Apr.
8d,78, 1906
!ll9 a
Sept. 126
Apr.
Pac. or Mo.— 1 at, 6», 1838
I00%b.
10014 Aue. 105 Jan.
2d mort.. 7r. Ihhi
1051a July Itoia luiie
*IOTB-The letter"!)" ludlcatea price but. and " a" prioeo»*e(t; allothar prloes and the rangj are from actual sales.
2014b.
Lowest.
119 b
Mil. Lk.Sh. & W.— 1st, 6s, 1921. 119
Michigan Div.— let, 6r. 1924.. 11413
iii'a
Minn. & St. L.— let, 7e, 1927....
"so "a.
Imp. & Equip.— 6s, 1922
92 14
Mo. K.&Tex.— Con., 6s, 1920... 90I3
78 b. 79^8
Consol., 58, 1920
109 b. 11 Ola
Consol., 78, 1904-5-6
nsiab.
Mobile A Ohio— New, 68, 1927 ..
i07%b! 108 b.
let. Extension, 68, 1927
4.'>
1).
b.
38
Istpref. debentures. 78
84
Mutual Uu. Tele.—S. f., 68. 1911 83"8
12413b.
Nash. Ch. & St. L.— 1st, 7s, 1913
Ul4l4b.
N.Y. Central— Extend., 5e, 1893 104
N.Y.C.&H.-lst, cp., 7s, 1903 13OI3 131iab
10714 a. 10714 a.
Debenture, 5s, 1904
N. O.
SOjit.
Aug
i<ej>l.23
12Jia.lan.
Feb.
Sept. 119% .Mny
Mar. 1191a Miiv
1191a Jan.
22%
21I4
78, 1898
1931
Sept.
118 Aug.
100 Aug.
I06I3 Mar.
102ia
107is
Ijakeah.—Con.coup.,l»t, 78,1900 125 b.
Con. coup., 2d, 7s, 1903
123
122 "a
Longlslaud-lst,
June
951a Jan.
94
110
'1201a
Jan. II Ola
IIO14
All!
July 10914
Sept. 135
110 a, 108
I08%a. 103
103 b. lomf 103
12013b. 129 b. 128%
108
107 July
Exten. & col. 5s, 1934
Ch.St.P.M.&O.— Coneol. 68.'30 iieis" llS'sb. 116 Sept.
b. 123
b. 124
July
"ts't. Paul & S. C'.-l»t, 08, 1919122
98% Jan.
Ch.St.L.* Pitts.- l8t,con. o8,'32 ajjiab.
ibe'a. 105 Sept.
C. C. C. & Ind.— Gen. tie, 1934 .. 105'a
9913
95% Aug.
Col. Coal & Iriin-let, 6«, 1900.. 97%
OS's
60 Sept.
Col. H. Val. * Tol.— Con. 58, '31 66
63iaa.
66 S-pt.
Gen. gold, 68, 1904
12II4U. 1181a Feb.
Denver* P.io Gr.— lst,78, 1900 120
78
77
7614 Feb.
let COD. 4a, 1936 ....
70 b 70 St'pt.
Den. * R.Gr. VV.- Ist, 6s, 1911.
63iab.
65
64 Sept.
Assented
70 b, 68 Apr.
Oen. So. Pk. & Pac— let, 7s, '05
32'
3314
29 Sept.
Det.Mac.&.M.— Ld.gr.3iss,1911
95
9118 80111.
E.Ten.V.ft G. Ry.— Cod.,.5r, '56 94
a.
95
96
95 Sept.
Eliz. Lex.& B. Samly— 6s, 1902.
129 Sept.
Erie- let. consol. gold, 7e, 1920ll'i9 b,
112
ll^ia
11213 Sept.
Long Dock, 78, 1893
U8 a, 118
115 Jan.
Con. 68,1935
9933
N.Y.L.E.&W— 2doon.68, 1969 98%
93% Feb.
Funded coupon, 5e, 1969
85 S.'pt,
83%
Ft. W. &DBnv.C. -let, 6s, 1921 81
78 8 )pt.
105 a. 106 Feb.
«al.Har.<te8an.Ant.-lBt, 68,'10
2dM., 78, 1905
105 Juue
9338 Sept.
West. Dlvl9ion—lst, 53, 1931. 9313
2d, 68, 1931
Gr'nB. W. &St.P.— l8t,6a, 1911
2dlncomeSB, 1911
GullCol.&San.Fe— let,7a, 1909
Gold, 6b, 1923
Henderson Br.Co.— 1st. Os, 1931
H. & Tex.
let M. U. 78
l8t,We8t.[)., 78,1891
l8t,WBCo&N.7s, 1903
2d, consol. M. L. 8s, 1912
Gen. mort. 6s, 1921
Ind.BL <feW.-l8t,pref., 78,1900
l»t, 5-68, 1909
2d, 5-68, 1909
Eastern Divi8ion—6a, 1921. ..
Income, 6a, 1921
Int. * Gt.Nor.— let, 6s,gold,'l9
Coupon, Os, 1909
Kent. Ceutr.— Stamped 4a, 1911
Knoxv. &0.— let, 6». gold, 1925
Jan.
I
1914
& N. W.—Coueol. 78, 1915
Gold, 78, 1902
SlnklnqfiindBs, 1929
Bulking fund 58, I9'29
Sinking fund debent. 5e, 1933
25-year debent. 5s, 1909
Clii. R. I. & Pac— 6s, coup. 1917.
CUIC.
38% June
90
109
75 14
Sept.
18isb. 151a Sept.
32
93^b. 931a SepS. 100
101 Feb. 10813 June
103 Sept. 10713 Mar.
104% 103 Sept. 1081a Apr.
66
1837.
1,
Range since Jan.
Closing.
1.
Highest.
116
July 105
Sept. 115
100
110
66
64
1).
69
U6
116
Sept.
a 104 Sept.
871a Sept.
90 a, 80 Aus.
10514b IO4I2 Aug
115 a. 107 »« Jan.
115 a. 109 Jan.
IO3I4 Jan.
98
SB's Jan.
95 Sept.
lllisa 109 Sept.
99 Jan.
1923
Ind. Coal K., let, ne, '36
Ch.Mll.A St.P-l8t, I.& M.Te, '97
Chtc.
80^
STOCK EXCKANttE, AND BANttE SINCE JAN.
Railroad Bonds.
24,18 Sept.
83
106
91
93
certificate
L.('h * \V. B.,con.78, lUoa.as'nt
Am. Dock ife Imp., 5a. 1921.
Central Pacific—gold Ca. 18U8
Ban Joaquin Br. 6s, 1900
3.«nd (jrant tie. IS'.iO
Ches. & O.— Pur. m. fund 6s, '98
68, gold, ser. B,1908, coup, ofl
Exten. coup., 4a, 1986
68, currency, 1918
Mort. 68.1911
Ches. O. &S0. W.— 5-68, 1911 ...
CWc.Bur. & Nor.-lsL.'Js, 1926.
Chic. Biu-1. & Q.— Deb. 5fl, 1913.
tince Jan.
Olofing.
SeiH.23 Sepl.30
A'l.
N. ¥.
[Vol XLV.
Apr.
90
May
May
May
II714 May
116 May
108 May
99 May
I11713 May
107 May
6OI4
104 14
97
I
,
,11414 July
1
10438
June
Bid.
Ask
I
BONl»«l.
8ECURITIKS.
Bid,
107
110
112
115
68, loan
1893 118
Nonh Carollna-68, old
JAJ 35
Fuudliigact
10
1900
New bonila, J. A J. ...1892-1898 20
Cbathain RR
Special tax, Claas 1
10
<
Cousolidatad 4a
1910
«»
..1919 i'ii"
SECURITIES.
Ask.
Rhode Islaud-6s, eou..l893 -1894 115
Mlseonri— 6s
duo 1889 or 1890
Asylum or Uuiversiiy, due 1892
Fuuiliug
1894-1895
New York—68, loan
1892
South Carolina — 6s,
own
12
15
07
I'.'l
"6"ii
5
iton-t'uud .1888
.1893 105
'
56
"e'i
1892 -189.-5
Compioiui.se, 3-4-5-68
1912
72
1913 i'lii"
I01i«
1913 100
5s
3s
1913 69
48
13.
consolulaled
Tennessee— 6s,
iin
oM
9.1
be, t .msrilidatfid, 2d series.
«s. (Iffei-'ed. irn.'** »••"• ...
60
8
•
:
f^
I
OCTOBKR
I
THE CHRONICLE
Ifcf-T.J
1,
New York VMj Hanks.—The following: •tateiiieiitshow«tho
New York City fot the
Jkytroift
Amtnint of-
Eamtng§ Rritortnl.
iMletl
Wrekor io
D»n», *R.O. W.
IK-t.Il.iyC.V All'
Aiifpiat.
Ailx'ist
1887,
|
Jan.
|
RUAIiS,
eondition of the Ai<»iwiateil Banks of
week «>ridjnK Septernber 'H, 18ti7:
JSanla.
429
1886,
113.3001
1
/o l^iltK t>al*.
~
I8lf7.
I
1880.
H9.fl5r.
K3,04.'
,S'.'.H.5!
2.'.,0.-.,
»"',79U
K»w
York
4, 32.1
111,44
*
F.I'll
P. >
Fiii.i;..t'N,.
URiilutKnn Co
40,7II'
l',171
M('r< liantA*
17.U
I
Merlmnlca'.. .......
riii'iilx
lYuiiK
Cllv
(iraii.l
Tnicti'Hineu's
«li.l!llV«.,V8t.
Kulion
f;.ii! ci'!,
\Vk
.
,IH.
Mctr.iiai
v.v
'
Kxoh.
NiiiloH.
•
V
MIk'OBt
UU!
t Tra.
1
-.
-
la.
\I|.,-Uft
Ul>.'ll^t
I
Tot
Total
iMnfrs.
Muuat
V
all
lliu..^
W
A K.W
Ind.Hlooni.,V
Ami. rlo'n Kxoh'lte.
Ind
f'oriniit*rce
Br()!\(l\rftr
JiK'k. T.
Mil. imtfle
K
A
PaLiilo
Ctiatlium
101,868
9.5,081
7,78!'
7,447
A
Boc.iii.l
ninth
AuKUst
A Mom.
July...
3d wk Sept
Mar.HoUKh.AU
3.1
Meiupliia ACIUut. 2d
Xatioi-al
..
Thlul NaUonal
N. V. Nat. Elcll...
Boweiy
wk
wk
.Sept
S»pt
3d wk Sept
'Mexican C«nt'i.
•Mei.N. (N.Div)
do
(80.U1T
do
all line*
Mil.U8h.AWe8t.
Milwaukee A Nr
.National....
4,456
4^8.53
23,143
51,059
86,183
21,673.i2,S00
51.323
lb 0,059
7,189
33.038
37,934
81,500
42.415
83,719
133.073
77.816
.-
.
1.00
,.
81.
:
517.4
(i,
7 i.4tH
370,815
1.010,2251
1.054,437
H.oi;4 38:
7,.5T0,818
l.SMl,78;
271.4'»
1,801.827
200,028
141.823
1.670,841
1.005,878
158,461
28S.8
'.'A
1.8 .2,179
l.S^S.HOI
176,68
564.309
214,637
'
485,4U&
205,497
41
2.
40,838 ].440,<'i)3
20.813
165.700
50.880
410,436
7-,695 2.4'.8.«>.8
24.130
706,240
291.2
ll.O-i, 38
43, 47i 1.590,7.2
109.180 1.100,138
2,li24l
36.884
20.2.9
77;",682,
30.2 12i 1.102.23t.
l,2i5'.894
138.«04
3(H},945
2,2t<0.7;.4
898,8269,<«-,212
1.281,692
951,821
737.597
870,89»
63.65J 3.32...<'57 1,596.491
.\ngu- 1.
42.595
3^9.343
373,440
93 4981
AUKUst
715.741:
b87,7»9
Auj;u>t ...
142.8051 1.115.5i2 1.133,877
3ii wk Sept
60.189 2.365.203 1.611,4U
id wk dept
21,9')2
14.0 1
667.482
440.4,TO
Miniieap.ASt.L. luly
108.683 118..394
835.653
800.163
Minn. ANo. West 3d wk Sept
39.022
11,171
901.152
301.200
Mies. A Tenn.
AuKiie!,...
32.271
26.385
270,393
230.317
Mobile A Ohlp. Atii^ast...
191,075 147.935 1,483,882 1.273.898
N.i.sh.Ch.&St.L Aiittu.ft...
224.4-7 1.985.638 l,5'.!0.a45
272.481
N.V.Cen.&H.R. August... 3.332.321 2,980.974 22,«37.214 20.571,212
N. Y. City A No Wk .Sep 24
12,440'
12,381
417.822
3a5,273
cN.Y. L. B. A
AujiUct... 1,769,759 1,659.120 13.064.8S8 11,779.098
N.Y.Penn.A 0.1 August ..
604,288 577,317 3.9';0.72l 3.092,066
N.Y. ANewEag lAuunat...
393,854 379.-543 2.691.009 2,515.873
N.Y.Ont.AW.. 3d wk sept
35.339
28.884 !.l06.-<60
969,739
N.Y'.Phil ANorM August ...
32.3i 9
40,267
346,033
281.365N. Y. 8U8. A W..lAuf,'U3t....
94.S46
131,474
867,140
696.474
N.irfolk A West jsd wk Sent
6S.833 2,890,727 2,21-.909
93..500
N'tlieastin(3.C.) July
29.40K
31.945
312.823
316,865
NoithM-ii Ceut'l.AujiUst
008.6^8 50.i. 27 4.226, 57 3.583,889
Northern Paclllc 3d wk Sept 319.900 33ti,07.- 8.8l7,7l2 8,287,874
Ohi A Ml88
'3d wk ,«ept
1('3.177
101.; 07 2.922,583 2,756,892
Ohio River
5,58.;
3d wk Sept
10,592
205,717
133,09*
Ohio southern lAugust ..
3i8,607
40.355
47,201
307,842
Oregon Imp. Co. July
301.006 2.180.795 1,541.127
376,3113
OreK. K.A.V. Co. July
405,300 421.881 2.dS1.283 2.753.194
Pennsylvania. ..: August
5,022.012 4.58 ..311" 36,0 7.lti0 32.192.231
Peoria Deu.&fiv. 3d » k Sept
20.018
17,036
008.3181
565,552
Pctcrsburjc
3
August..
8lt
25,837
2o7 1991
245,06T
Phila. AKrie
349,.-)21
'August
381.051
2.632.428 2.310.7^8
IPhil.i. A Rca<rg Aufiu^t..
2,055.704 1,>01, 2071 14.034,919 12,360,227
Coal A Iron (.0 August
1.979.716 1,501,421 ;il.4i'4,20. 9,229.660Pitts. A West'ri, Aimust.
191.300 15...24
1.271.08)
973.441
I'rtRoyalAAiii; July
17.51(0
17,843
180,434
174,012
P'rtR.'yi.lAW.C. July
13,118
14,135
.
Avenue
Oernian Kxcb'uge.
Gernninia
Unlte<18tatea
W
Lincoln.
Garlleid
Fifth National
B'k of tlio MeU'op.
Westwiile
Beabourd
Rlxth National....
Western National.
^O^
'84e.42!'.800 70,'a' . 9UU 20,778,800 341.935.800
I
8,237 80
RAILROAD EARNINGS.
.
latett railroad
earnings and the totab from Jan.
latest date are given below.
Laiegi Samitifft Reported.
'
"Roads,
Week or Mo
1887.
1886.
Jan. 1
I
to
1
Latat Dale.
to
1887.
'..=,
1880.
.
$
AUeKlipnj- Val
»
July
165,43P
161,08 li
AUh. T. J: 8. F AuKUSt.... 1,481,261 1,341,951
Allunla&Cliar.'jiily
85,168
79,009'
Atlantic & Prtc S(l vrk Sept
40,'i86
37.142
Bait. & Putoniai' July
117,254 114.0061
Biiff.N.Y.A I'liil, adwkSeiitl
61.,"j00
56,01. 0;
Buff. Roch.&PltllHd » k Sept
37.725
35,974
Bar.Ce<l.K.&N<i. 2dKk S.-pt
57,74(
67.373
Cairo V.i Chlo. 3(lwk t-ei t
lli.32';
14,230
Cal. Southern
30,- 84
l::awk .Seut'
22,4.^2
tCaind.n A Atl'cljuiy
117.021
97,-33
C'liijailittuPncltl.d wk 8* pt 239.000 221,000;
Cl>.K'lA\ud.Val Aiigimt
22.352
1!0.248
Oiitrr.l of »ieo..Ui.(i:n«t
408.015 451,891
Ceiitiiil Iowa. .. Aiiici.st
117,022i
112,091
Clii'rk'Bt'n A- Sav July
30, 57
32,9 1;
Clic«u|>. & Ohlo.ljuly
389,081 405.5091
Ellz.I>ex.4B.(».ljulv
98,980
95.840
Clics.O. A. 8. W.lAiiiust....
178.2^2 147.3991
Chic. dE Alton... June
717,190 637.4H4
C'liic. A Atlantic yil wk Scut
48.601
43,(.0S;
Chic. Biirl.it No. July
101.840
Chic. Bur. it Q.. July
•2.107.801 2,330.741
Chic & Kiixt. 111. 3<l »k Sn;<t
49.173
44,7471
Cliic. v<; lud.foal ad «k 8.^pt|
10,W80
4.300!
Chic. Mil. ASt.K Uawk Sciit
52H.0O0
573.500
Clilc. it N'thw'u Aiii'uat
2.«i>9,7!l4 2,328. 47t;;
Cliir,ht.t,.APitis Auxn^t
4!))>,82t
439,287
Chic iSI.I'.A K.c .|l,twk-ieiit
11.952
6,312
Cliic.St.P.M.*0.|Aiiiiii-t
592.330 499.0-7
CUIc. & W. Mich. Dd w k .--ci>t
29.564
34,011
Cln. Haiu.Ji l)..|l»i wk.liii\
70.121
65.565
Cln.tnd.m.I.&O.'nd «k i^cl>t
f.ti.0l8
56,800
<,'lu.J.iek iSIack'ad wk M.j.t'
12,635
1 1 ,023
Cln. N. V. Ai.t
cl WK ^c|.t
«-,'.<t9
5 .970
Ala. Ht. Sontli :id wk scjit
28,7-.'5.
23,2 4
N.Orl.A N.E.I dwK.-.-|..|
10,089
8.824
Vicksli. * Mer :3d « k s.-].!
12,«)9ftl
7,0:9
Vkli«. Hh. A ^ ':< •kl'-,44ll
9,145
Er!;.:
132.3191 106.612
Otn.i:
9.5SS
8.8^7;
Cln. s\
."^0,063
48.713
Ciev.A K! .'ij.v
.u\\.. >. j.t
11,404
ll.H.dl
Clev. iV Ci.nli.n Aiii;iig ..
i)3,i«7
5,229
Clcv.Col.C.A Ino A. j:ii»t ..
43M9i: 408.538
Clev. A Marietta,; d wk 8. pt
G.52»:
6,1^7;
Ool. <& Cm.
.'idwk^ipi
b.357!
7,294
Ool. Hock.V.&T. Auvuse
240.452I 211.406
Dei.y. A Riour i.si! wks-p
ISl.t'OOl 149,085
.
I
.
.
.
];
'
•
I
I
f
t
.
:
Mm
t
'
4 11. too
.
N. Y. County
Gemian-Aineric'n
Clia.'.u National
The
ck
LuiiU.i.v.AHt.I,. 3.1 wk Hept
Luulsr.ANaahv. 3d wk 8ept
Lou.N.Al.ACUio, 3d«k Sept
Loalsv.N,0. AT. AUk;U8t
Mar. Col. A No Antfutt
Flrdt National
rifth
K
LoDKldland
EMt Kivor
Fourth National..
Central Natioual..
I
81.918
3.860
L.
Park
71
Mi.oU
5,021
AM
8p,
LehlKh.tlfud.'iOii
Norili River
6.'<
40.525
(.:.
Irviiiff
Inii..>iter»'itTr»a.
15.870
lA wk 8epl
tn.
Clti/eu»'
CoutiTieutaJ
Oriental
7,0'j4.1
Jv*n. C. 11. A8(. 2a wk S.-pt
Kcintiivky Cout. July
Nortli America...,
ilHiiuver.
Bt. Nicli las
Bhoi' .V I.Miher...
Corn f-Aciiiiuge ...
1
109,1 1<
9 10.9 10
10,6
4 1, .562
Auifiist ..
Went. 2.lwkHepi
Kiiii;..ioii A Peni 3d w k Sept
Luke r;.AW<wt. 3dwk 8-pt
Nassau
Maikoc
24.8-.'v
190,443
24.8:^2
.50.887
Wiir
I
1,- -.1
I
48919
Keokuk
P0*i|lll.8'
gos,7oo
12,300
77.000
57,900
147.200
3'.i('.l'<
.
7;!
I
4'1.5;)7
40,428
!)('<.
July
K.C.Kl.S.AUull 21 wk Sept
Ilt'lMiliUo
08,091
4
67.85
157.60.I
AllKllSf
1,055.900 1,104.5 13
.«1 w k Hept
69.487
02.3('5
I
t.i)..iuli Wiiril
HIalcdf N.
wk
t'cpt
\iiKii«t....
In-ov.
V-
..
J..h'...
il
t«'
420,095
39.^7^
209.087
.'i.;;'
.riily
I'.
CIllMlllfftl
(iHlliilln
I'.irc
109,11
49.87
AtiiiM'lca
And brand
cs.
S
,109.867
,107,798
997
fiO-.
,889,813
9,580 .429
O.iO 01
1,020 .129
818,614
74' ,470
,986,700
,416,153
8.3E8
1,876,,480
9n0,,512
1,850.,'.81
454,,847
485.,0.6
312,,26-.'
6,74,'-..,^23
139, lit;
3,491,,13J
82:4.1126
81.5. 424
293.170
449.192
582.721
281. 701
2.22 >,,327
178.871
64.931
1,025, OS.i
3,522, 3'j8
1,10^ 953
680.954
,926.2(12
541.717
,0
17.380
360.289
,561,262
105.-i49
,0.=
!i
530.426
I
4-<!l,
322
132,12
413,908 13.854.100
429,253 1,230,532
258.278
590.472 10,.ii3.2-3
Rich. Ter. Co.—
.
Al>an.
Va.Mldl'd Div
Char.Col.AAu.
Ool.AGr.Diy..
West.No.C.Dlv
Wash.O. A W..
RtL^hiL'.
8(,uth Carolina..
So. I'.i lllc Co.—
Ual liar A8.A
LlOal^'a
Wesi
3,682.584
Facillesyeteiii
997.914
91 5,1511
1.597,308
1,900.889
1,369.172
1,823.08
Total
Stateuls.Rap.T.
436.r,ei
343.879
3 5,790
1
4,49t>.27(i
280.234
IS
:93.I3(!
40^>.294
330.1
1'.'
2l'4.5 M
3,78.',88.^
26",48S
1,3-7.721
1.526.f>2
39
2-<8.
9
37!'.6til
23t,t;33
2-i8.~04
2,07..."9T
196.1113
1
,31
2.801.<02
211.173
231.97;'
2'J3.0i-l..
1,680.050
5.443.70:
1.30O.JO2
4 551 ."17
August
!
Texa« .V r.u'ln.
XohA.A.AN.M'li
Tol.AOhloCeni
lol
P.
A
We.st..
Union Pacihe.
Pellokte
Wis. A Mlun
22.110
63,37'
126.176
44,750
684.934
69.335
84,000
86,720
144.4491
038,573j
19',974l
44.1191
3d AkSepi,
14,3!l9|
3dwk
41,142
13,017
sei'i
3d « k Set t
3d wk 8ei>
3d wk Sept!
3il
wk
.Sepf!
14..
OU
74.10(1
38, lit
lo2..i21
6,100
2 18.005
30.914
29.106
18,3338,033
118,057
1.673,570
6-4,559
9 S 1,00!
038.015
48,62t.;
1.599.594
4,102 641
1,111.0.2
477.626
3 2.395
332,400
67.9.
21,487
138,912
1,494,919
733,3i»
874.010
521.011
1.140.930
3.251.1 84
1,017.903-
627.7o4i 4,: 60.3- 7
4,146,808
423.3:6
551,213
194,181
355.960
447.74S
672,31*
5ii.7l5
80,0u0i
70,5!
•^36,576
1
Not Including cornlaga
51.05.
112.042
5S.'i.001
17;i.8os
41. .151
410.0:^8
4.0.3.3sf
3.0s -.301
H0O.4r>
391.
-
>Oii
5.5.174
12.14 41
30.552. 1.40 1.^90
IO.6U1.
g,9SF|
6,721
373,147
3.860,705
3,60 v,899
725,407
380,»3!>
413,U5t>
1,052,305
5,3 45,
4>6.'.o
li,3s»7
350,550
184,039
4.0511
21I.5<)2
128^072
; Including bntneher.
J. In i-itheryew.
Oliio.
* UexJoaa oarrf Ecy.
of N. Y. Penis.
tNot Including Cen. of N.
e
17..J.7
.54.8441
i
July
rWest j< r^ey
Wll Co!. A- Vug :July
Mii.. SI.
19,131
290,71
23,247
3 >,642
49.18H
2,50«,985
972,850-
i
Wall. K. or Mtas. July
i.K.
37,f,47
2,031.183
1 .0 40.677
494,747
312.38D
448,816
1,810.397 1,409.91!>
452.41i>
3j7,267
56,802
-77.393' 2,239.407 2,249,907
!i2,00..
13.ilO]
78.341
97.434
68o,874
Si8,3:3
681.01
5.2-1.158 4,703,873
July
... 2,2?6.14Oi2.03*.:'8: 11 .0.' 8.836 12,7 71.690
17.19. 119,339,9 2 17,175.563
3,022.779
July
546,833
117.0.52I 116,09.1
591,86
August
400,011' 443,5 1 1 3.455.0. 9 3.39;i.002
vugust ...
364, S5l.
8,.024 5, ISO
12.172
ia w k Sep'
.'42.713
10,04..
717.118
iilwk8.pt
24.191
t 2il,3o3
594,017
22.7991
25.<J31
id wk Sept
2,479,372l2,3rf3.4 7r 15.501.264113.724,635July
Valle.i of Ohio.. August ...
Wab. We-st<*ra... 3il * k S.>pt
w
331,088
155,023
51,573
37.854
63.795
15.000
8,000
251.414
70,540
297.388
9..* 47
107,750
736.639
July
July
Morgai.'s LAT July
N. Y.T. A Mex. .riily.
lex. ,v M.Orl Juiy
Atlan'e aysi'iiii July
3,007,5 47
1,964.59J
60,703!
t
699,578
330.1.55
August
Au.ust
Ankust
August
j
4,149.050
2.321.013
1.019.007
358,650
151.894
Augu.st
August...
Ashv. A Spar. AH,gU8t...
Rloh.APetersbg vngust
Koiue Vl. A Og July
8t. Jo AOd. Isl
ItU wkAng
St.L AltoiiAT.H ia.i wk Sept
""
tiraneiies.
3i)wkSep!|
St. L. Ark.ATex. .id wk .Sept
ScL.ASan.Frau. 3d wk.Septj
St.PaulADulutL 3dwk Sepii
SCP.Min.it.Man. August
Seiot" Valley... July
SlieuuudoahVal. AUi^USt ..
059,11.') 15.2-.4.568
1
1
&
THE CHBONICLE.
430
[Vol.
XLV.
GENERAL QUOTATIONS OF STOCKS AND BONDS.
m^^ be other qaptUl'.na are treqaeatly male per share.
New York represent tUe per coat val.ie. whatever the par"sr,"
for gold; "g'd," for guaranteed " end.," for eniorsed
fSSoX^abbreviatloiis are often daed. viz: "M.." f or .nortif^i^^^
"
«-."tor
land grant.
"
fund
;
QttotJitlons tn
;
f >r consoUdatedV " oonv.," for convertible
QuoUtions In New York are to Thursday
9.
;
;
f .,"
for slnkin?
from other
;
cities, to late
;
Bid.
VNITKD STATES BONDS.
rbg..Q-M
4148,1891
4>ss, 1891
ooap.. (5—
reg-.Q-J
48,
48,
1907
1907
6b,
68,
6b,
6b,
68,
Currency,
Currency,
Currency,
Currency,
Currency,
coup.. -Q—J
reg....J&J
1895
1896
1897
1898
1899
reg....J<StJ
reg....J&J
reg....J&J
reK....J*J
Baltimore— 6s. consol.,
108 >4 108%
108>4
108%
124
125
122
121
126
128
130
124'«
1251$
STATE SECURITIES.
1906...
101
Alabama— Class "A," 3 to 5,
101
Class " B," 5s, 1906
...-- 99
01a88"C," 4s, 1906
J & J 101
68,10-20, 1900
A'kansas— 68, funded, 1899 ..J & J 10
21
78, L. R. &Ft. S.is8ue,1900.A & O
78,
&0
Memplil8&L.R.,1899..A
A&
A&
&
&
O
78, L. R. P. B. & N. O., 1900..
O
78, Miss. O. & R. Rlv.,1900.
O
1900.A
RR.,
Central
Ark.
78,
J
J
78, Levee of 1871, 1900
1873"
of
debt
funded
68,
Oallfomla—
.
Connecticut—
Hew,
New,
reg., 3»38,
re>r.
District of
1904
or coup., 3s, 1910
J*J'*
CoUimbla—
F&A
Oons.3.65s,l924,cp
Cons. 3-658, 1924, reg
J&JI
Funding 58, 1899
Perm. imp. 68, guar., 1891... J&JI
J&Jt
Perm. imp. 78, 1891
Wash.— Fund.loan(Cong.)6s,g.,'921
Fund. loan(Leg.)68,K.. 1902 Varl
Market stock, 7e, 1^92
Water stock, 78, 1901
do
78, 1903
Florida— Consol. gold 6s
J & Jt
Georgia -78, gold bouds, 1890. Q-J
4iss, 1915
J&J
,
EanBas— 7a, long
Itfulslana- New con. 7s,
Btamped 4 per cent
Baby bonds, 38, 1886
68, Bait.
68,
1890. .Q-J 103% 104 <4 Manchester. N.H.— 68, 1902
& O. loan, 1890
Park, 1890
Q—J
Q—
UOis
J&J
I
lom
Me.— 68, railroad aid, '98.. 103
Bos ton,Mass.-6s,cur,loug,1905 Varl 127
Var. 113
24
6s, currency, 1894
Var.l 115
22
58, gold, long
A&O 109
4ias, 1908
11
14
J&J 101
5
4s, currency, long
9
110
Brooklyn, N.Y.— 78, 1890
108
Water,
1891
6s,
124
103
68, Water, 1899
140
1924
100
68, Park,
150
78, Park, 1915
134
118 119>»
7s, Bridge, 1902
154
118
7s, Bridge, 1920
119>«
101
113
78, Kings Co., 1888
Var.t 110
107
Buflalo, N. Y.— 78,1895
Var.t 135
110 112
7s, water, long
M&SI 114
108 1091s
68, Park, 1926
126
Cambridge, Mass.— Ss, 1889. ..A&OI 101
J&J 112
114
68, 1894. wat«r loan
J&J 114
127
68, 1896, water loan
J&J * 127
12S
68, 1904, city bonds
110 115
Charleston, 8.C.—68,9t'k,'76-98.. Q-J
106 107
J & J
76, fire loan bonds, 1890
101^ 105 1<
'78, non-tax bonds
Belfast,
<
4s, non-taxable...
Chelsea, Mass.— 68, 1 897, water loanl
J&J
1914.. J&J loo
8518
Chicago,
F&A
FAA
52
100 "^ 100%
Maine— 48, 188S
War debts assumed, 68,'89.A& Of 103% 101
Maryland—
—
90
58, new
100
Nashville, Tenn. 6s, short
105
68, long
103
Newark 4s, long
104
4i«s, long
110
58, louK
Var.l 119
68, long
Var.l 125
78, lon<!
Var.l 126
7s, water, long
New Bedford,Ma8s.— 68,1909.A&Ot 128
—
101
103
105
129
114
117
111
104
111
109
125
141
152
136
155
102
—
103 ifl
99
92I9
105>fl
135
104
75
75
100
106
106
111
120
126
128
130
112
1
126%
New
78,
78,
125
132
1896
1901
128
112
100
115
128
113
J.&J 133
115
100
Vai 123
116
110
106
102
J&.1 107
lis
J-StJ
1905, water loan.. J&J
J&J
5s, 1905, water loan
Norfolk, Va.—6s,reg.8tk,'78-85.. J&J
Var.
1890-93
8s, coup.,
88. water, 1901
A&Ot
Norwich, Ct.— 58, 1907
Newton—68,
109
123
120
128
110
126
134
130
114
106
M&N
110
83
113
78,1905
Orange, N. J.— 78, long
Oswego, N. Y.— 78, 1837-8-9
Paterson, N. J.— 7s, long
6s, long
5s, long
4129, long
48, long
Petersb'org, Va.— 68
8s
lOHH 106
100
nil*
Cook Co. 78, 1892
Cook Co. 58, 1899
Cook Co. 4148, 1900
West Chicago Ss, 1S90 .
Lincoln Park 78, 1895..
West Park 7s, 1890....
South Park 6s, 1899
120
t
100
long
Orleans, La.— Premium bonds. 126
Var. 1071s
Consolidated 68, 1892
Newport, Ky.— Water bonds 7-308..
121
New York City— 5s, 1908
118
68, 1896
126
68,1901
109
78. 1890
58,
115>«
113
68,1895
4158, 1900
3-658,1902
A.&O 111
Water Loan
105
Bmnswiok, N. J.— 68, long
58, 1900,
N.
102
114
118
129
88
116
m.— 7s, 1892-99
Varlou»t
88, 1886-1905, long
4i«8, 1916
VariousI 100
Mobile, Ala. 3-4-58, funded.. J & J 70
Montgomery, Ala.— New 3s ..J & J 70
110
120
110
112
106
118
108
110
100
Bangor, Me.—6s. RR.,1890-'94.Var.l
J&J
6s, water, 1905
6s, E.& N.A. Railroad, 1894.. J AJt
6s. B. & Piscataquis RR.,'99.A&OI
Varl
Bath, Me.— 68, railroad aid
58, 1897, municipal
107
108
190
100
Var.,
78, 1896-1901
J&J
7s, water, 1902
Various
Minneapolis— 18, 1906-1916.
Varloust
58, 1893
112
120
125
129
112
M&N
35
28
Bid.
.J&J 118
102
IO414
4s, 1911
IO414 Memphis.Ten.- Tax.Dist.ShelbyCol 95
114
Milwaukee, Wis.— 58, 1891.. .J & D| 100
B1& e
6s, bounty, 1893
do exempt, 1893...M& 8
68,
J&J
5s, water, 1894
J&J
68, 1900
68, West. Md. BR., 1902 .... J&J
58, 1916
48,1920
106
112
102
106
<tn»tatlon«.
ttee«ie
CiTT SECtlRITIES.
Ask.
Bid.
City SECtTRixiBg.
Ask.
"oons.,
raaU dates.
Sab«crlber» trlU confer a favor by gtTlng notice of any error discovered tn
United States Bonds.
:
1.
I
i'30"
115
137
120
1
ib's"
120
112
110
106
110
108
105 >4 108
loa
105
8s, special tax
106
109 14 Philadelphia, Pa.— 68, 1886-'99 J&J 119
10)>4 105i«
129
105
104
111
68, new, reg., due 1900 &over.J&J
112
104
M&Ni 116
113 115
Cincinnati, 0.-6s, 1897
Pittsburg, Pa. Is, coup., 1913.J&J. 103
116
J&J.
1913
coup.,
7-308,1902
and
107
132% 133>4
reg.
68,
120
Var.
101 "4
100 105
J&Jf
4s, 10-20
68, gold, reg
Southern BK. 7-308, 1906... J&Jt
1341s
101
78, water reg.&cp.,'93-'98...A&0. 128
113
115
112
do
M&NI 121 122^1 58, Refunded, 1912
68, g., 1906
110
... 108
1915
123
Cur. 68, 1909.... F&A
do
107
do
48,
110
Skg. f d. 5s, 1910M&N t
109
do
1141a Portland, Me.— 6s, Mun., 1895. Var.l 108
118
120
M&S
aid,
1907
Hamilton
103
Co., 4s
Hew HaiupKlilre— 58,1892
68, railroad
J&J 105 106
J&J 102 103
lOOH
War loan, 68, 1892-1894
Var.l 100
48, fuuded, 19 i2-12
J&JI 110 112 Cl6veland,0.— 7s, 1887
108
110
'93,
.r&.H
RR.
117
H.—
68,
War loan, 6s, 1901-1905
7s, 1894, funded debt
A&O 115
Portsmouth, N.
J&J 125 127
Kew Jersey— 68, 1897-1902.... J&J* 125 132
78, 1896, canal
M&S 118 120 Poughkeepsie. N. Y.—7s, water longt 110
112%
113
58,g.,1900...J.>u
121
111
6«. exempt, 1896
68, 1898
Var. 112
Providence, R.I.—
125
J&J*
113
120
Hew York- 68, gold, reg., '87. .J&J 102
5s, 1887-89
Var. 100 14 101
68, gold, 1900, water loan.. J & Jt
gold,
conn,,
6«.
Columhua, Ga.—78
1887
Var. 108
Rahway, N. J.-Old 78..
J & J 102
70
80
101
68
100
6«, gold, 1891
New adj ustraent
J & J 112
A&O'llS
Covington Ky .—7-308, long
112
111
68, gold, 1892
Richmond. Va.—68, 1884-1914. J&J 118 120
J&J 136 138
Water Works, 1890
88,1886^1909
106 110
68, gold, 1893
A&OI118
J&J 103 104
Ho.C'arolina— 6s, old, 1886-'98 .J&J 35
48, 1937, new
( 1031* 103%
58, 1914-15
103
68 N. C. RR., 1883-5....
Dallas, Texas— 88, 1904
110
48
u 1170
Var. 112
68
do
108,1893-96
7coupou8off
A&O 110
110 lis
Rochester, N.Y.— 68
J & Jt 140
10
68, funding act 01 1866 1900 J&J
Water, 68. 1900
100 103
78, water, 1903
101
68, new bonds, 1892-8. J
Detroit, Mich.— 78, long.
J&J 20
Var.t 125
Rockland, Me.— 6s, '89-99,RR..F&A 100
87I9
6s, Chatham RR
A&O
78, water, long
Var.l 130
St. Joseph, Mo.—Comp'mlse 48, 1901
lOJ
iboii
Var.l
6s, special tax, class 1,1898-9A&0
10
Elizabeth, N. J.— New 48, 1912.J&J 80
83
St. Louis, Mo.— 68, short
Var.t 1071* 1031a
48, new, cons., 1910
Evansvllle, Ind— 7s, long. Various
J & J
6s, 1892
Var.t 10?i» 109
68,1919
122
12014
Fall River, .Mass.- 68, 1904. ..F& At 120
5s, long
102
Var.tilOl
Penna.— 58,nev/, reg., '92-1902.F&A II414
58, 1894, gold
F&A 105 107
5s, lO-'20
102
J&l>.t|....
48, reg., 1912
P& A 121
58, 1909
F&At 111 113
4s, 1905
Bhode fei'd—tis, 1893-4, coup.. J &j|ll5
A&Ot 118 120
Fltohburg, .Mass.- 68. '91,W.L. J&JI 104
106
8t.L.Co.— 68, gold, 1905
101 ii
100
BouthCarollna— 68,Non-fun<L,1888.
Var..
103
5
Currency, 78, 1888
6>s Galveston, Tex.— 8s,1893-1909.M&S 101
92
Brown consols
90
105
ti
5s, 1920
J&D ai
98
St. Paul, Minn.—Is, 1912
100
10014
Tennessee— 6e, unfunded
58
61
Hartford, Ct.— City 6s, var. dates.. 104
111
4133, 1916
1
105
Comproinlse bonds, 3-4-5-6s, 1912
t 100
Capito". untax. 6s
72
lis
5a. 1915
105
Settlement, «s, 1913
101
t 100
Hartford Town ms, imtax
104
101
63, 1889
106
eettleiiient, .'>8, 1913
-.t 100
lOiis Haverhill, Mass.— 68, 1889... A&Ot 102
7s, 1883
1031a
68I4
128
Settlement, 3s, 1913
...t 12b
Huboken, N. J.— os, long
70
Ill
113
83, 1904
1'25
Xexas— 68, 1892
M&S) 108 111
68, long
117
118
Salem, Mass.— 68, long, W.L.A&OI. 123
7s, gold, 1892-1910
J&J* 113 115
M&S1 115
7s, long
123 125
58, 1904, W. L
100 103
7s, gold, 1904
Houston, Tex.— 108
J&JI 130
45
Savannah funded 5s. consols
107
Vennont^es, 1890
68,funded
J
45
Somerville, Mass.— 58, 1895.. A&O 105
Virginia— 68, old, 1886-'95....J & J 48
112 114
A&Ot
Indianapolis.Ind.- 7-308,'93-9, J&Jt 110
1905
5s,
128
68,new bouds, 1886-1895...J & J 48
Jersey City— 68, water, long, 1895.. 105
107
Springtleld, Mass.— 68, 1905.. A&Ot 126
«8, consols, 1905. ex-coup
A&Ot 133 137
J&J 44
7s, water, 1899-1902
J&J 120 125
78,1903, water loan
6b, consol., 2d series
117
J&J 60
7s, Improvement, 1891-'94
112
Var. 107
Toledo, O.— 7-308, RR.,1900.M& N 114
68, deferred bonus
Var.l
78, Bergen, long
8H 10
J&J 119 120
88, 1893-94
Tai-receivablecoup8.,fromcon8'l8 31
33
Hudson Oounty bs, 1905
M&S 116 118 Wasliington, D.C.— Se« Dist. of Col.
Do
109 111
from 10-408. 29ia 31
..A&OI
1892.
Hudson County, 68, 1905
6s,
vVorcester, Mass.—
J&J 126
Funding bonds, 3s, 1!>32
A&O 112 114
64
J&J 60
Hudson County 78. 1891
116
JjeD 114
58. 1905
10-408, ci>.& reg., 3 to 5,1919. J&I
104 106
36 14
A&O,
Bayonne City, 7s, long
J&J 112
48, 1905
ci'rk SECUKi-riEs.
Lawrence, Mass.—6s, 1894.. .A& Ot 112'« 113
K,«.II.KOAD BUNDS.
Albany, N. Y.— 68,long....Varlon*t 115
cofHnamescofisolUVteitwUt]
6s, 1900
A&O 120 121 (Bonds of
78 long
t 138
Long Island City, N.Y— Water.78,'9.'> 100
be found under the conaol'd name.)
Allegheny, Pa.— 5a,op., '87-97. -Var. 100 106
117
Louisville, Ky.— 7s, longdates. Var.t 122
123
Ala. Gt. Southern— Ist mort., 1908:1115
miS, coup., 1885-1901
Var. 100
105
7s, short dates
Debenture scrip, 68, gold, 1906.. t, 105 107
HI
Var.t 103
4b, coup., 1901
60
Var. 105
55
68
Lit
deb.
68, long
109
Ala. N. O. T. &c.
J
Var.l 108
Allegheny Co., 58, cp., l>«13.J&ji 100
55
50
^^^ 101
{I
6s, short
102
2d dfbent. 68, 1907
Var.t 101
Is, riot loan, 5-lOs
103
llOO
78,
'88...J&J;102%
1«
101
IstM.,
5s, 1S9l)-190O
M&N 104 .05 Ub'y &8usq.—
4b, riot lOAU, 10-208
1100
101
Lowell, .Mass.— 68,1890, W. L.M&NI 105
Consol. mort., 78, 1906,Kuar .A&O
loa
Ss,
do
10-208
118
101
guar.
A&O
102
Lynchburg, Va.— 6a
Consol. mort., 68,1900,
110
J & J 108
48, refunded, 5-208, 1891-1906
117
103 104
8s
Ulegh. Vai.- Gen. M.,73-10s.. J&J
12S
J & J 125
Atl uta, Ga.— 78
114 118
Lynn, Ma.S8.—6s, 1887
IOUI4
East, f xten. M., 7s, 1910.... A&O
F&AI
100
Do. 8e
21
110
A&O
Water loan, 68,1894
tQ0on.e,7s. end., 1894
J&J
112's 113
Waterworks
120
114
;..
Wat-r loan, 68, '96
Atoh. Top. &S. Fe-lst,7s, '99 J&/t
J&J 115 117
Augusta, Me.—68, 1905, Fund. J&jl 121
120
122
Land grant, 78, g., 1902 ....A&Qi
58,1905
112 114
M&NI
Augu8ta, Ua— 78
105
J&D
Varlouj- 108
Macon. Oa.—fls
Sinking fund, 63, 1911
lOi
Austin. Texas— 108
120
115
120
Manchester. N. H.— 68, 1894
(Juaranteed 78. 1909 . JAJ&A&ot
J&Jt llli« 113
6e,Hospital, 1887-91
J&J
1890
Q—J
68,1890
Q—J
3.65s, 1897
J&J
Massachusetts- 5s, gold, 1891. A&O
5s, gold, 1894
J&JI
M&8
58, gold, 1897
Michigan— 78, 1890
M&N
Minnesota— Adj. 4ias, 1911, 10-30..
Jllssourl- 68, 1838
J & J
Funding bonds, 1894-95
J & J
Long bonds, '89-90
J & J
Asylum or University, 1892. J & J
68,
lOOifl
101
—
I
I
t
.
1
.
I
1
i
.
J&J
A&O
,
I
.
t
t
I
&D
I
t
'
iTice uouilnal no late transii Uons.
;
t
Puroha-tei also pays accrued interest.
}
Cu Loudon.
}
Part being redeemed.
IT
Coupons on since
'69.
October
1,
1887.
—THE
|
(JHRONICLE.
431
<
GENERAL QUOTATIONS fjOF
For Kxplanatlons *•*
RAII.ROAD Bonds.
Atch. Top.
A
8.
Bid.
A*0
MAS
AAO
Baltimore
& Ohio -Now 4g.
88KOld, iy;i5
East Side
fas,
eterling, 58,
Sterling, 6b,
..
.
AAO
FAA
1935....
tlt7
tll7
95
P5
26>4
94
23
SO
103
103
"Ja"d !U0
1927
1895
M.tS :i09
BterUng mort.,
68, g., 1902. .MAS U16
:123
^^- «•• 1910„
n
w "i?
Parkersburg
Br., 68, 1919...
Balt.APofo— 1st, 68,K.,1911.JAJ
l8t. timnel, Os. g., g'd. 1911.
MAN
AAO
AAO
Beech Creek-lot.g'id. 4s.iyj6,JAJ
Bell's Gap— l9t, Ts, 1893
JAJ 109
BelTideroDel.— l»t,6e,o.,1902.JAI!
Con8.48, 1927
PAA
Boston A Albany—7s, 1892I.'!fAA
68,1895
Bojt. Ccnc.A Mon.-8.F.,68,'89. JAJ
Consol. mort., 7s, 1893
AAO
Cousol mort., 6«, 1893
AAO
Boat. Hart.A E.-lst, 78 1900 JAJ
Ist mort., 7s, guar
jaj
j^
B08t.n.Tun.AW..leb.58.
ttH,gold.
6a,
6a.
118
118
103
115
S3
27
106
2d. 6s,
123 >i
125
101
111
112
Atch.Col.APitc.,l8t,6s,1905Q.-F
%,
107
L08
115
01ii.Waab.AB.— lat,gu,4is»-6aMA.S
2d mort., 5a, 1931
JAJ
98
74
lOOl*
99
75
40''(|
19
MAN
80
30
48, (Neb.), 1910...
90 '92
JAJ
53^ 54
Income 68
A EiUit HI.— l8t mort. 6a, 1907 114
Income bonds, 1907
AAO 114
Ist, con., 6«, gold, 1934
97
Chic. A Gr. Truuk-l8t mort., 1900
96
Ch.A Ind.Coal K'y.lst 58, 1936 JAJ
117
116
119
65
25
108
82
102
138
39
Chic. A Mich. L. S. Ist 88, 1889....
Chic. Mil. A St. Paul—
P. du C. Div., 1st, 8a, 1898. FAA
P. D., 2d M., 7 3-lOs, 1898.. FAA
JAJ
1st, $, gold, 79. 1902
JAJ
La. C. 1st M.. 7S.1893
J&J
I. AM., Ist M., 78, 1897
I'a. A Dak., Ist M., 7s, 1899. JAJ
Hast. A Dak., Ist iM.,7s, 1910.JA.1
do
1910
58,
22
Clov. Akron A Col.— lst,6a,1926JAJ $103 >•
n. .M, g, 58, 1927
MAi J97>«
Clev. Coi. C. A I.— lat, 78, '99.
120
Consol. mort., 79. 1914
JAD J
MAN
Div., Ist. 88,
Wis. Val. Div.,
l3t. 6s,
do
do
5s,
1929
19J9
6s,
JAJ
124>s 136
1261s 127
123
Escan.AL.8up..
109 111
100 "4 lOO'e
Cent. Iowa-New 1st., 78 •99.JAJ
90
Inc. bonds," debt certs.", 78,AAO
10
20
Eastern Div., Ist, 69, 1912..AAO
nis. piy., Ist, 68, 1912
AAO
Central RR.of N.J.-ist, 78,'90FAA 105 >4
Z?'-*"? Yi 1 902, assent ed. ... MAN 1121s 116
Con801.M.,7s,1899,a,S8enVed.tJ-J 112>s 116
" 98
conv. debeu. 68, 1908
MiT
Interim bond certs
98 100
Co.,
5g,i921.JAJ
lom 104''g
^i'S;!^J'"I'l*h.A
Wilkesb.Coal.inc.'SS.MAN
r..«„?'^u'?'-'''8'«''''''l''*00,a8»'d.Q-M 111
Cent. Ohio-l8t M.. 68, 1890.. MAS 102 >s
Cent. Pac— Ist, 68, gold, 1895 .JAJ 114
l8t, 68, gold, ISMB
J4J II4I4
l»t, 68, gold, 1897
JAJ 114^
iBt, 68,goid, 1898
JAJ lloSa
0;J<»»»ium, J 8tM.,68,g.l900.AAO 116
cat. A Oregon, Ist, Os, g.,'8H.JAJ 100
>s
8eries B, ds, 1892 101
^.1
J./^ "V, „ ^
Cal.AOr.
C.P.bond8,68,g.,'92 J AJ •107
109
I«ud grant ,M., Os, g., 1890.AAO 102
Mortgage bonds, 6s, 193e...AAO )03>4
West. Paoit., Ist, 68, g., '99.. JAJ 112
ChariteCol.AA.— Con».,7s,'95.JAJ 110 113
2d mort., 78, 1910
AAO 112
Cberaw A Darl.— Ist M.,88,'88.AAO 102
2d mort., 78
lOU
Cheshire— 6g. 1896-98
JAJ I 08H 109
,
lot's
1920.JAJ
101
139
127 "s
120'a
AAO
A&O
110
108
I
1901.J&J
66
tllO
do
2d M.,78, 1892. JAJ 1 105
1 1 10
Col. A Toledo— lat mort. bonds
tl05
do
2d mort
OhIoAW.Va., l8t,8.f. 78,19 10.MAN tl 10
Col.Springf.AC- lst.7s,1901.MAS
Col. A Rome.— Ist, 69, gu.Ont. Ga. 104
Col.A West.- 1st, 68. guar Cent. Ga. 109
120
121
113
116
AAO
I
.
Chic.K.I.A Pac— 0s.l917,coup J&J
JAJ
Exten. Acol. 5a. 19.14
Chic.&8.W..l8t.7s,Kuar.,'99..M&N
Chic. A St.Louis— l8t 6s, 1915,MA3
Cuic. Sania Fe & Cal.— lat, 58
Chic. St. L. A P.— Ist, 58, 1932. AAO
Chio. A Gt. Eaat., l8t, 78, 93-'95.
10ti>s
129
107
103 4t
98 »a
104
. .
A Xenia— Ist M., 78.1390.MA8
Conn. A Passump.- M., 78, '93.AAO
Col.
....
f.....
f
Massawippi, g., 6s, gold, '89 JAJ t
Conn. West.— 1st M., 7s, 1900. JAJ
Connecting (Phila.)— 1st, Os ..M,feS 120
Consol.RU.of V^t., Ist, 58. 1913.JAJ
86
Cor. Cow. A Ant.— Oeb.es, •98MAN
Cumb. A Penn.— l8t6s,'91
MAS 100 Is
Cumberl.Val.— l8tM.,8s.l904.AAO
Del.Lack.A W.- -Conv.78,1892 JAD
Mort. 78. 1907
MAS 132
Den. AR. G. l8t78,goId,190».MAS 120
1st con. 48, 1936
Denv.A Rio G.W.— l8t.6*, 131 IM&S
70
33
39"
108
103
115
130
131%
113
i2i>a
73
631s
do
assented
Denv.S.P.APac.- l8t,78,1905 MAN
"ia'
Des.M.&Ft.D.— Guar.48, 1905. JA.1 'as'
Ist mort, guar., 2158, 1905 ..JAJ "85'
eo
Ist mort., guar. 4s, on extension.
Det.AB.C.l8t,8s.en.M.C.1902.\IAN
A
Alp..lst,68.19l3
JAJ 10614
120
118
Con. M., 5* tlU'84, after 6*. .1918 !114
121
Det. L. & North.— 1st, 7s. 1907. JAJ tll9
32i« 35
Det. Muck.A M.— Ld. gr. 314s. 8. A.
Dub. A Dak.— 1st M.. 6s. 1919. J&J
i'iS"
Dub.AS. City— l8t.2dDiv..'94. J&J
Dunk.A.V.& P.— lst,78,g..l900J&D 110
East Penn.— Ist M., 7s, 1888 M&3 100
120
E.Tenn. Va.A Ga.— Ist, 79,1900 JAJ
JAJ 103
Divigional, 59, 1930
JAJ
Ala. Cent., 1st, 6s, 1918
94>4 94 1«
E. Tenn. V. AGa.R'y.- l8t,58,1956.
East. A W. Ry., Ala. -lat, 6s, 1926
. .
MAS
1920
95
Elizab.l^x.A Big 8.— 6«. 1902.MAS
Elmira&W'mspt^lst B8,1910.JAJ 115
AAO
5s, perpetual.
JAJ 104
Erie A Pittsb.- 2d, now Ist
JAJ 110
Cons, mort,, 7s, 1898
AAO 100
Equipment. 7s, 1900
Eureka Spr.— Ist, 68,gold.l9 i3FAA
'87.
J&J 100
Evansv. A CYawl.— Ist, 7s.
Evans.A Ind.— l8t,guar.,g.,63,1924
J<tJ
1st, con., 1926
Evans.A T.H.,l9t con.,68,1921,JAJ 113
110
AAO
Mt. Vernon— lat, 68
Evansv.T.U.AChi.— Ist, 68, g.MAN 102
tl07
AAO
Fitchburg— 5s, 1899
AAO tl08
AAO 1119
104^
AAO tll6
78,1894
FUnt A P. Marq.— M. 68, 1920. AAO 118
Holly W.
A
99 •«
ioi"
iii"
108 >«
115
109
110
117
118
121
M., lat, 88. 1901. JAJ
Madison A N. W., l8t78,g.,190o
A Denv. C— lat, 6a, 1921
Frem't Elk'uA Mo. V.—6s. 1933 AAO 1116
Unstamped.. 1119
do
do
O.H. ASanAnt.— I8t,68,g.l910. FAA
JiU
2d mort.. 78. 1905
Pt.
Ft. Worth
127
124
1116
82
113
118
105
103
94%
Ist, OS, 1931. ...MAN
2d, 68, 1931. ..JAJ
do
'i-JH
78
AAO
aal.Houa.A Hen.— l8t,58
......
J*J
Georgia—78, 1883-90
109
108
J^J
68, ls89
West. Div.
120
110
95 100
108
fl22
tl08>s 110
110
t....
tlOS
Georgia Paoitto-lat,
6a,
In London.
1922. J.W
•-•••
2d mort
101
45
Ind.-l8t, l.g., g-d, 7a, g., *118
l8t M.,7s, l.g., gold,nol guar. AAO; 1 1 15
tlOO
Ex land grant, lat 7a, '99
Gr.Rap.
A
ConsoL
:
105
111
108
77% 78
5s, 1900-01-02
68, 1897
Col.AInd. C.,lst .M.,78, 1904.J&J (no's
2d.M.78,1904.M&Nitll2
do
Un.A Logan9p.,lst,79,1905.AAO tll5
1100
Cta. A Chic. A. L.. 1886-'90
11818
Chic.St.P.Min.AOm.—Cou. 69. 1930 1"Ch.St.P.A Minn. l8t,68,1918M*N
t
«3>a
,
Ist mort., 68,
Chic. & Mil., 1st .M., 7s, '98.. J&J
Mil. A .Mad., Ist, 68, 1905. ..M.AS
Madison Exr., Ist, 78, 1911.
Menominee Ext.,l8t,78,191 IJ&D
Northwe.st.Un., 181.78, 1917. MAd'l
Wlnona&St Pet.— 2d78, 1907M& .N 129
Ott. C. F. A St. P., 58, 1909.. MAS 106
North. Ills., 1st, 5s, 1910.. ..MAS
Purohaaer also pays aoorued Interest.
MAS
JAD
AAO
941s Eastem.Mass.- 68, g.,1906. .MAS
105
Eliz. City & Nor.—3.F. deb.,68.AAO
94
Des M.A Mian'8,l8t,7s,1907.F&A
Iowa Mid., Ist M., 88, 1900. A&O
North Wise.. Ist Os, 1930.... JAJ
St. Paul&3.aty,l8t6a,1919.AAO
AToiuah.-6a
Chic.A W.lud.—S.fd. 6a, 1919 MAN
General mort.. (i». 1932 ....Q—
Chio. A W. Mich. Tn, 1921. ...JAD
Cln. Ham. ADayt.— Conaol.SaA&O
AAO
Consol. mort.. 7«. 1905
AAO
Consol. mort, 68. 1905
Cln. H. A I., ist M., 7a, 1903.J&J
CUic—
Con.
6a.
1920
L.
A
Cln. I. St.
tjl8t gold 48, 1936
A Toledo-
Det.G.HavenA.MIl.- E(iuip.6s,1918 J117
102
1920. J&J
Chic.
Val.
Col. AHook.V.— l9tM.,78,'97.
Det. B. C.
ioi'
Peninsula, 1st, conv.,78,'98.M&.S
10411
125
116
116
102 Sa IO314
MAN
6s,
Hooking
Con. 5a, 1931
Gen. 68 gold, 1904
Dayton A Mich.— Consol. 58
JAJ H03
3d mort., 78, 1888, now2d..4&Oi*102
A West.- l8tM.,68, 1905.JAJj 1....
l8t mort., 78, 1905
JAJ tl25
Delaware— Mort., 68.guar.,"95. JAJ
Del.A Bound B'k— lst,7e,1905PAA
II514
II6I4
debent., 58,1933.MAN"
Exten. bds. 4s. 188(5-1926.. .F&A
25-yr9. deb. 5s, 19o9
l.st.
Col.
JAJ
1914
1934
S. F.. 78.
1
Fargo ASouth.- O.s. 888.1924. JAJ
Inc. conv. sin. fund is, 1916 J&J
Dak. A Gt. 80. 58, 1916
J&J
Chic.AN.W.— Consol., 78,1915.ID—
Sinking fund,
Cons.
Dayt.
119
120
Chlo. A Mil., 1st M.,78, 1903.JAJ
Ist mort., consol.. 78, 1905. .JAJ
Ist M., I. A D. Ext., 7s, 1908JAJ
Ist M.,08, S'thwest Div.l909JAJ
Ist M., 58. La C. A Dav.l919JAJ
JAJ
80. Minn. Ist 69, 1910
Chic. A Pac. Div. Os, 1910 .. .JAJ
do West Div., 58,1921. JAJ
J&J
Chio. A Mo. Riv. 5s, 1926
Mineral Pt. Div., 58, 1910. ..JAJ
Chic. A L. Sup. L>iv., 58, 1921J&J
Wis. A Minn. Div., 58, 192 1 . . .J&J
Terniinla ,58, 1914
J&J
Dubuque
115
101
124
119
125
Consol., gold, 7s, cp., 1902. .JAD
117
105
107
132 •«
119
MAN
117
Chic.
100
108
100
Price nominal; no late transa tlQSS.
1100
Soloto A Hook. V, lat, 7a....
Bait. Short U, lat, 7a, 1900. .JA.I
Neb.RR.l9t,78,'96AAO till 1112
Om.A S.W.,l8t,89.JAD tll8 II8I4
m. Grand Tr.. Ist. 89, '90. ..AAO 104 104>s
Dixon Peo.A H., 1st, 89,1889. JA.I 101 Is 105
7
Ott. Osw. A Fo.t K., 88, 1900. JAJ 1122
QuIncyA Wars'w. Ist, Ss, '90. JAJ tl06>« 107
tl22
125
Atch'n A Neb.— 1st, 78,1907 MAS
104
Ohio. Burl. A Nor.— 58, 1926
JAD ioi" 104
Debenr. 6s, 1896
Chio. A Can. So.— Ist, 78, 1902 AAC
'93 ij 94'
Chic Kan. A West'u.— lat, 58, 1926
85
30
Atcli.J.Co.A\V..lst,08.1903.(J,—
"/.P,"— l8t. cons., 7s, '9£JAJ
CoUat 1 trust 58, l.<37
I^A'.^
991*100
t
8d mort.. gold. 3s-4a, 1931.. FAA
Income 5b, 1931
AAO 106
1913
MAN 104
AAO 107
Iowa Div. 58, 1919
AAO
Iowa Div.. 48, 1919
FAA
48, Denver Div., 1922
MAS 89
4s. plain bonds, 1921
MAN
Neb. Kxt.. 49, 1927
Bur. A Mo. R., I'd M., 78,'93.AAO ni4
Conv. 88, '94 ser.JA.! t ...
do
do
do
do
llOO
H17
.MO
JAD
Otn.ASp.—78,C.C.C.AI.,1901.AAO
78, guar., L.8.A M.S., 1901.. AAO
Gen. oon. 69,
JAJ
107>«
98 >s
Belief. A Ind. M., 78, 1899... JAJ
95
Clev. A Pitts.—4th M., 68, 1892.JAJ 106 >s
91
Consol. S. F., 78, 1900
MAN 1264
Clev.AM. Val.— lat. 7a,g.,'93.FAA
lis' Colorado .Mid.— 1st, 6s. 1936.. JAD
Columbia A Gr.— Ist, 6a, 19ie.JAJ 102 10«
117
~^dmort.,69. 1926
Bur.AMo.(Neb.),l8t.6s,1918.JAJ tll6
AAO 84 86
Col. A Oin. Mid.— l9t, 68, 191 l.JAJ
do Cons. 69. non.ex..JAJ tl04>s 109
9S
126
100
2d M.. 68, g.,end C. Fac., '9 1. JAJ 100
8d M. (guar. C. P.), 68, 1905.JAJ 103
/*"
3s. 1905.JAJ
50
<..! a
, .
Cal.
8o.-lst
6s (Atch. guar.).. JAJ 111
112
Income 6», !».;«
r.......MAS
81
Camden A Atl.-l8t,78, g., '93.. JAJ 80 118
2d mort., 68, 1904..... ...... A.^
Cons. 6s, 1911
J4J
C^ada 8o.-lstM.,guar.;i9"68,JAJ
105 >s toe's
2d mort.. 58, 1913
!
MAS
90
Cape Fear AYad.Val.,l8t,«s,l916..
92 >i 94
Carolina
. . .
. .
A
12.5
107
tl06
132
A
Oocaol. mort.. 78. 1890
105
1071s
A St. L., 1st. 78, guar.
Iowa C A W., I8t, 78. 1909 JAD
MAS
Cedar R. A Mo.— Ist, 78, '91 FAA
l8t mort., 78, 1916
MAN
J*"
^^^- I"*"Cent ^^Rr"n^p'
^- ^'"'' lata, 68, '95. MAN
£,,•
f^''- coupon 78, 1895
MAN
Cln. Rich. ACUo.— lat. 7*, '99. JAJ
Cln. Rich.
P. W.— lat, 78, g. JAD
Oln. Sand'ky
CI.—68. 1900.. FAA
107
107 1« 108
SiS*'''^'^".^*'' **•' 68, i9b2:.'.FAA
Bid.
7a,'03..JAD tilt
do
2d M. 7a.'87-92.J*.l (110 112%
tndlanapollaC. AI>., 7*of '97.. .. tll8
Ind'apofls .t On., l8t,7a.'88.AAO 11021,1::;;Cln.Jwk.*Mao.-l«t,.'ia.l033 JAD
•7
Cin. Laf.ACh.- l8t,78,g.,1901.MAH
118
Cln. Ia3\i. a Nor.— lat m. 5a
JAJ
luS
Ist.,
5s, debenture,
92
Cent.-l8t,6s,g.,1920.JAJ
2d,iuc.,69, 1915....
...aotv^
AAO
3d, Inc., 68, 1910
Indlanan.,
58.1901
Minn.
«-.
A
111
118
30
105
C. Bap.I.F.A N.,l6t,6s,1920.AAO
^»'' 58' 1921.. ..AAO
... *"*„
117
117
lUJ>s Chic. B. A Q.— Cons., 78, 1903.JAJ 129 >«
112
JAD tlOJ 101
Bonds. 58, 1895
Oa Creek, IstM., 6s, 1912. AAO
Fr'kln,lst,78,'96FAA
o„«'V*r'''°?
Bufl.A
Southwest.—«3, 1908. .J.AJ
uur. C. R. A N.— l8t.5s,new,'06. J AD
Cons.l6t Acol. tr., 58,1934. AAO
118
124
UIH
FAA
1923
lOJ
106
70
06
20 >s
123
12S
105 >«
102 >« Ohlo.A Atlantic— 1st, 68,1920. MAN
96
1st, 78, '90. JAJ
Loul8'BAMo.R.,l«t.79,l900FAA
2d, 7h. 1900 MAN
do
do 2d M. (300), 7a, '98. .JAJ
do 2dguar.( 189)7a.'93.JAJ
tllO>a 111
flliia 113
109
.•.•.•::::jaj fl07
Union A Titusv.,
Bds. Kan. C. llne.6H,g.,1903.MAN
Mlss.Rlv.Brldge, lnt.,a.f.,68,1912
25
40
AAO
1*^ T
.MAN
19
93 >t
AAO.
8t.I..Jaok8'v.AC.. 1 tt ,7b,'9 l.AAO
do l8tguar.(r>i;t).7»,'»4AAO
HI
5f-i899
48,1900
MA! 105
4ia8, 1903
lOd
Boston A Maine—78, 1893. .'.".. JAJ tlU
79,1394
115
,
jjjjj
?o»I- * Providence— 78, ISgsijAJ tI15
B08t.AIlevereB'h-l8t,6s.'97.JAJ|tH7
Bradford Bord. &K.— Ist Ga iqS'2
Bradf.Eld.A Caba-l8t.69,1932JAi
Brooklyn Ele.- Ist. 68, 19;!3..A.feO 106
_2<liuartg.3-53, 1915
J&J 80
98
ISSk v'iit P-«en.M.78,'96.J&J 135
36
•^^''•-1«»'68.K-,1921.JAJ
^"*yi-.^
Pitts. Titusv.A B.-78, 1 896FAA
1918.. JAJ
100
tlOO>s 101
tlOO"*
tl04>s 105
1913MA8
'92
^•^f
08, !'a'?>i^"®"-'^*'
lo^.fb
,
1980
int. def..
1911
Railroad Bohmi.
Oln.
.
Ohio. A Alton— Ist M., 7a, '93.. JAJ 117
Sterling mort., (Is, g.. 1903.. JdU il22
116
till
4s,
ourreucy,
Aak.
100^
AAO
HAN
MAN
HcrlosB
Extended
1113
ll7'e 1181s
103
92
Bid.
1911. FAA
5-6s,
2d mort., 68, 1911
FAA
Ohes. A Ohio— Pur. monsy fd.,189>^
Series A, 1908
100
TlorenoeA El Dor'do, l8t.78.A&0 tllOl« 112
K.C.TonekaAW., l«t M.,7s,g.JAJ 1121 123
ao
liiooiuo78.AAO 1113
115
W.Mei.A8o.Pac.,l8t,78,1909 AAO
Pueblo * Ark. v., 1st, 78, ff.,ig03.
Bonora. Ist, T8. 1910, iniar.. J&J
WtoUltaAS.W.,l8t,7s,«.,gua..l902
Atlanta & Charlotte Air L.— l8t,78
Inoonie, 68
A.aantleA Pao.-lBt4», 1937.. JAJ
W. D. Incoiues, 1910
JAJ
Central DiTlslon, old 68
do
lui'oiuA8. 1922.
do
ace. Id. gr. 68.1901
_ .
AS.W.— M.
'Jlie».0.
98
90
90
aTOOK.3 AND liONDS— 0'.>NTi.v(;Kr).
Head of Pint Pace of <lnot«lloaa.
Rmuioad Bohm.
Aik.
Fe— (Contlnuocl)-
6e, 1909 (iNtmort.)
Ba. plain bimds, 1920
4i«8. 1920
lyotea at
II
58,
MA8I
1924
Coupon oU.
5
lu A-DSterdAm.
99
THE CHRONICLE.
432
aBNERA.L QUOTATtOMS OF STOCKS
A.N'D
[Vol.
BD.Nf
XLV.
DS-OoKnxaED.
For Brplauatlons Sec Notes at Head of First Paje of <laotatlan<i.
Bid.
Railroad Bonds.
Bid.
RAILROAD BONDS.
Ask.
&
Rock— 1st,
1907
Gr.B'TW.&St.P.-l8t,6B,1911-F.&A
3412 36
Memph.& Charl.-lst,73. 1915.J&J
---2a, incomes. 1911
...J&J
extended
mort.,
78,
2d
Gulf Col. & S. Fe— 1st, 78,1909 J&J 120 1211s
J&J
iBt consol. 78, 1915.....
AAO 101
2d, 6s, gola, 1923
let. cons.. Tenn. lien, 7s, 1915 J&J
Ban.ASt.Jo.-Cou. 6s,1911..M&S 116 iYs"
J&J
1924
110
Gold,
6s.
IB
1
t.—
Isr,
4s.
&
Harris. P. Mt. J.
M-trop'n Blev.— 1st, 68, 1908, J&.l
1903 68
Hart. & Conn. West.— .58
M&N
1899
65
3d
Oe.
60
l8t,78,'98.M&N
Tex.—
Ho'st.E.&W.
Mexican Cent.— let, 7b, 1911. .JAJ
J&J
2<1, 6e. 1913
J&J
Scaled 4s, 1911
H.* Tex.Cen— l8t ni.,7s,jrnar.l891 113 113
Bond scrip
West. Div., l8t,7s, g., 1891..JcfeJ 110>9
1911
111
Incomes,
g.,1903.J&.J
7a.
Ist,
Waco & N. W.,
A&O
Debenture lOe, 1890-95
A&O 101
Cons. ni<irt., 8s. 1912
J&J
71
8erlp 103. 1889
A&O
Gen. mort. 68, 1921
1912
.A&O
68.
let.
Nat.—
Mexican
Hunt. * Br. Top-let, 78, '90. .A&O
inst. pd..
Speyer&Co.'8cert..2d.
112
F&A
7a,
1895
2d mort.,
g.,
Mich. Cent.— Con901.,78, 1902.M&H
A&O 100
COBS 3dM. .^8. 1895
M&N
Consol. 58, 1902
niinoiaCt-Tit.— l8t Clii.&Spr.'98 J&J 1151s
107
let M. on Air Line. 8e. 1890. J&J
J*J
l8t, Kold.ls. 1951
gu
ir.. .MAN
M.,
Ss,
95
Line,
let
Air
J&J
19.M
Gold. 3kB,
M&S
6s. 1909
Middle Div. reg. 58, 1921. .. F&A 112
MAS
111
58. coup., 1931
Sterling, 8. F., 5s, g., 1903.. A&O 1109
115
Kalamazoo&S.H..l8t.88,'90.M&N
Bterling, sten. M.,6s, g., 1895. A&O :ii3
111
J.L.&Sag.NorthExt.,88,'90.MAN
!109
J&D
58.1905
Sterling.
Con8.1stM.,88,'91.MAS
do
Ohle et.&S O.— l8t con. 78, 1897. ll.'i'a
MAS
68,1891
do
J&1> 118
2d, 68. 1907
Joliet A N.Ind.,l8t.7B (guar.M.C.)
M&N 115
Ten. lien, 78, 1897
1923
..MAN
114
6s,
Oliio-let,
Mich.
A
J&D
gold
6s, 1951,
Midd. Un. & Wat. Gap— 1st mort..
Ind. Bl. & W.— Ist. pf.,7s, 1900J&J 121
87
2d mort. 5a. quar. N.Y. 8. A W..
iBt mort., 5-6, 1909. Tr. rec.A&O
75
74
Mil. 1 aKe Shore A Western—
2d mort., 5-6, 1909, Tr. rec.A&O
23
M&N
latiuiirt.. 6a, 1921
221a
1921
Income,
FAA
S6
Conv. deb. 6s, 1607
East.Div.. 68,1921.Tr. reo. .. J&D
107
6a.
1924
JAJ
1st.
11105
Mich.
Div.,
1906.
A&O
&8p.—
Ist,
7s,
Ind. Dec.
Ashland Div., l8t 68, 1925. .MAS
J&J
2d mort.. 58, 1911
incomes
let,
cert.J&J
1906,rr
Co.
2d, Income,
St. P. E. A Gr. Tr'k, 1st, guar., 68.
New Ist m^rt. 68, funded
J&D
Mil. & No.— 1st, 68,1910
Ind'poHs & St.L.— lst,7s, 1919.Var. ill2
1st. 68, on extension 1913. .JAD
lQd'apolis& Vtn.— l8t,78.1908.F&A 115
103
1st
M.,
1927.JAD
St.
L.—
A
1900.M&j\
Minn'p.
guar..
2d mort.. 6s. g.,
let M., Iowa CityA W., 1909. J AD
Int. & Gt.NortU.—l8t,68,1919.M&N 112
87
JAJ
M&S
2d mort., 78,1891
Coup. 68, 1909
8outhwest.Ext.,l8t,7a,1910.J&D
Ionia & Lansing— 1st 88, '89. ..J&J tlOdifl 107
Paciflo Ext., Ist, 68. 1921.. A&O
I >wa City& West.- 1 st,7e,1909M&8
132
J&.l
Imp. &Equip. 6s, 1922
I'tt FaUs&aiouxC— lst,78,'99A&0 1132
Mlunp. A Pac, 1st, 5s. 1936. .JAJ
Jefferson— Ist mort., 78, 1889. J&J 100
.Mfnn.S.Ste. M. & Atl.-lst,5s,ls-2(j
Jdfl. Mad.& Ind.— 1st, 78,1906. A&O U12
2d mort., 78, 1910
J&J tll5
Minn. & N. W.— let. 5s. 1934.. JA.I
Janotlon (Phil.)— lst,4i3S, 1907 J&J
Miss.A Tenn.— let M., 8e, series "A'
J&.
2d mort.. 6s. 1900
A&O
88. series " B"
65
Kanawha &0.— Ist ds, 1936. .J&J 55
Mo.K. A T.-Cone. 7s.. 1904-6.. FA^.
JAD
Kan. O. Clinl'n & Sprins<fleld— 1 s.SsI 97 13 99
Consolidated 66. 1920
JAD
K.C.Ft.8cott& G.— I9t,7s.l908 J&D (115
Consolidated 5e, 1920
120
Pleas. Hill &De Soto, l8t,7s,1907 tll8
2d mort., income, 68, 1911. .A&O
Kansas C. Lawr. & So. Ist, 68. 1909 tll^ia 115
Ist, 68. g., 1899. (a. P. 8. Br.)J&J
K.C.8t.Joe.&O.B.—M. 78,1907. J&J 1121 123
Han. & C. Mo., let 7e, g.,'90.M&N
K.C.Spr.&Mem.— 1 8t.6s, 1923.M&N 107 108
Mo.Pac— let mort.,6s,gld,'88, FAA
74
Ken. Cent. Ry.— Gold 4s, 1987.J&J
M&N
Consol. 68, 1920
iKeokuk&DesM.— lst.58,guar.A&0 110 112
JAJ
2d mort., 78, 1891
93
Knoxv. & Ohio Ist. 6s, 1925. ..J&.J
Car. B., let mort., 6s. g. '93..AAO
lAke E.& West.— l8t,g.,5s, 1 937J&J ilo"' 10114
M&H
3d mortgage. 78.1906
I<*Ee Shore & Mich. So.—
Ve!d.V.lnd.AW..l8t,5s,1926V!&6
01. P. &Ash.,new7s. 1892.. A&O 1121a
Leroy & C. Val.. Is .53.I926.JAJ
Bofl.&E., new lids. M..78.'98.A&0 12U
Mobile A Birm.— Ut. 5s. 1937
Buff. & State L., 78, 1886....J&.I
Mobile A O.— let pret. debentures..
Det.Mua.& rol.,l8t.78.1906-F&A 12315
2d pref. debentures
•
Kalamazoo Al.&6r.R..l8t,88. J&J
3d pref. debentures
Kal.&Wh.Pigeon.l8t.7s.'90..J&J
4th pref. debentures
Dividend bonds, 78. 1899. .A&O 12H«
JAD
New mortgage, 63, 1927
12614
L.8.&M. 8.,con8.,op.,l8t,7s.J&J
Collateral trust 69. 1802
J&J
123 I26I4
do con8..r6g.,l8t.78.1900.Q—
let exteneion 68, 1927
Q
do oon8.,op.,2d,7s,ld03..X&D 12'Zl4 I23IS1 St. L.& Cairo is, cuar.. 1931 .JAJ
12zis Morg'n's La.&Tex.,lst,e8,1920J&J
do cone.. reg.,2d,7s,1903. J&D
Mahoning Coal RR. Ist, 58. .J&J
let mort., 78, 1918
A&O
liawrence— let mort., 7s,1895.F&A
Morris & Eseex— Ist, 78, 1914 MAN
Lehigh Val.— l8t.6s,coup., '98 -J&D II8I4 120
FAA
2d mort, 7s, 1891
I36I4
2d mort., 78, 1910
M&S
Bonds, 78, 1900
J&J
Gen. M., s. f., 68, g.,1923....J&Ii 12a Is
General mort., 78, 1901
A&O
I.. Miami— Renewal 58.1912.. M&N
111
Consol. mort.. 7s, 1915
J&D
107 108
1. B00S& Ft.S.- let,l.gr..78 '95. J&J
Nashua & Low.— 6s, g., 1893. F&A
Long Island— let M.. 78, 1898. M&N 122 12j
5s, 1900
Istconsol. 58, 1931
Q— 113
Na8hv.Ch.& St.L.- 1st, 78,1913 J&J
Newtown & PI., let, 7e, 1891
100
2d mort., 6s, 1901
J&J
N.Y.& Man. Beach. lst7s.'97,J&J
Nashv.A Decatur-l8t,7s.l900.J&J
N. Y. B. & M. B..ut con. oe, 193S
Natchez Jack. & Col.— 1st, 7s. 1910
I<oa'v.C.& Lex.— l8t.78.'97 J&J (ex) 114
115
New'kS'set&S.— let. 7s, g..'89.M AN
2d mort.. 78, 1907
A&O 117 118 N'burgh&N.Y.— IstM. 7b.1888.JAJ
lou. & Nashv.— Cone, let, 76, 189S. 120
1211-i N. J. Junction, let. 4s, ly86..Fji;.\.
OeolUan Br., 78, 1907
M&S 10.i 106 New Jersey A N. Y.— lat mort
Leb.-Knoxv. 6s, 1931
M&S
N. J. Southern— 1st M.,new 6e.J&J
1041s Ntemphis
L.
Railroad Bonds.
Ask.
N.Y.A.X.Eng.- let M., 7s, 1903J&J
Ist .M., 63, 1905
JAJ
2dm..6s, 1902
KAA
102
125
8e.
—
tdes
lv«
N. Y. N. H. &H.l8tr.4a,1903.J&D
lOdia 105
N.Y.Ont.A W.-lat,g., 6e, 1914M&^
11413 llois N.Y.Pa.A O.— Ist inc.,acc.7e,190ri
lOS
-
do
2rt, 68, 1930 ...J&J
Pensacola Div.,let,68,1920..M&S
Bt. Louis Div.. let, 6s, 1921. .M&S
2d., 3s., 1080. M&S
_ do
Sash. A Dec, let 78, 1900.. .J&j
E. H. &N., I8t6s, 1919
J&D
Gen 1 mort., 6s, 1930
J&D
Bo.&No.Ala.,S. F. 68. 1910 A&O
Istmoit,. Biukiiig fund, 88
Tru*". houds. 6a. H>.i2
Ten -forty
1924
60-year Kold. cs. 1937
6s.
&
..
Q—
Ift&N
M&N
Peusa.
.ill.- l8t.6H.gu.'21.F&A
I<'<v.iS.A &Chic.— I8l,e8.1910. J&J
Get. iror:, Os,
imo
a&O
WlBV.N.O.&Tex.-l9t.5s.l934M&S
IMp.e Cen t. - oi t 78, 1 sas J &J
.>!
.
. . .
Bxten. bonus, 68, g., 1900.. .A&O
Oons. 78,1912
A&O
Androeeog.A Ken., 68
U:edB & Farm'gt'u, 6s, 1896.J&J
& K.,Con8. M., 08, 'J5.A&0
Dtbenture, 68. 10-2O
K&A
-J{an.beae)i lmp..llm.,78. 1 no9,M&.'Pi'rtl.
liO
NorfkAW.- Ueu'l M..6b,1931MAN no"
New River l.st 6s. 1932
AAO
109
lOlis 103
Impr.
"98
N. Y. Cent. A Hud. R.— Ex.oa.MAN
Mort., 7s, coup., 1903
JAJ
A Exten..
Ha.
1934. ...FA A
Q.— M.
93
J&J
85
A(V)mtment 78, 1924
Conv. deb., fis. 1894
I
132
80
102
lom 102
llOis'
Riv.Val. l8t.g..68.'36J&J
Sp.ikane A Pal., 1st 6». 1936. MAN
St.P.A Nor.Pac. grtn.(;8.192:'.F& i
Helena& Red Mt. Ist.0 1. 9 i7 M&S
Dul. A Man.. Ist. us. 1936... J&J
lOJifi
Hel. B. Val.
A B.,l8t,6s. 937M&.\
104
Income, 38 A 681920
Ohio Cen.— Riv. Div., let, 6s.. 1922
Income, 6s, 1922, Tr. reo
Olilo & Miss.— Con8.,8.M.78,'98 JAJ
42
Debenture
99
ns,
1901
Sterling mort., 68,
109 1«
100% 101
114^ 116
119
IO214
50
12
19
II3I2 114
78,
,103
721*
111
FAA
J&D
M&S
A&O
78, 1894
413s, 1904
115
1091ft
1031a 104
35
2d income, 6e, 1921
Old Colony- 68, 1897
6b, 1895
110
120
tlll?i
1109
114
tlt6
f
iii"
110
115
10s
107
113
Bost.C.&Fitchb ,lst,78,'89-90J&J 105>»
B. C. F. A N. B., 58. 1910 ..JAJ till
lltj
N. Bedford RR.. 78. 1894 ..J&J 114
I
126
135
1071* 109
106 107
133
I
Omaha .tSr. L.— 1st. 43.
I9.>7..JiSj
Orange Belt— 1st morr., 6s, 1907...
J&J
Oreg.&Cal.— letoa, 1921
2d mort., 7b
Oregon A Transcont.—68,1922.M&N
li!7
110
Oew.&Rome— lBtM..7s. 1915.M&N
Panama— Sterl'g M.. 78. g. '97.A&0
74
75
.01
106
91I4
fl22
{IvO
Sinking fund sub.. 68, 1910. MAN
1102
Subsidy bonds, Eng. issue. 69
renn.KK.— Gen.M,68.ep.,1910lJ— l.il
O— 122
Cons, mort., 6s, 1905
Collateral trust, i^n, 1913. JAD
100
'90' 100
99
108
lo'i*
J&D
Consol. 58, 1919
1(J6
Penn. Co., 6s, reg., 1907. ...Q.—
do
Ist M., 4)28,1921. J&J 1031s 101%
Penn.& N.Y.Can.- Ist. 7e, '96. J&1> 115 117
133
J&D
let mort., 78, 1906
93
Pensaoola & Atlantic - 1st m.. t'.vi A
i'ls'
10414
131
107
g.,
1
,
.
Purchaser also pays acoraed interest.
92
MA
AD
Oliio
9D
44
112Ifl
N
lat mort. .Spriugf .Di v. .1905
River RR.— Ut. 5e. 1936. J&D
Ohio Southern- Ist 68, 1921... J
b102
95
A&O
J&D
1911
let gen ,5a, 1932
2d mort.,
102
iia
102
102
117
116
JAJ
Cona. mort., 78, '98
•i7
22
107"
1
North. Pac. Ter. Co. I8r,68,'33. J& J lOlis
Norw'h&Worc'r— l8tM,.68.'97.J&.l 114
Ogd'ueb'g&L.Ch.— letM.68,'97,J&.l tlOO
MAS 1101
Blnkinglund, 88.1890
Consol. ,6s, 1920
A&O 93
.
f
116%,
1021s
1
711s
119
—
James
92 14'
801s
'
119%,
133
103
107
;iio
112
Northern, N.J.— Ist M.,6s,'88.J&J tioo
103
North. Pac, P. D'ODlv.- 68,M&S. 100
Mo. Div. 68, 1919
M&N lOl
Gen'l I. g., lat, 6s. 1921
J&J 114
Gen. land «r.,2d, Cg, 1933.. .AAO 10^%
101
Dividend scrip
J&J
110
44
20
106
1191a
118
68, 1900
Con. mort., 68, g., coup., 1900. JAJ
Mort. bds., 5s, 1926, seriesA JAJ
do
series B
Con. mort, etg. 6s, g., 1904.. .JAJ
115
911s
AAO
3d mort.,
100
115
115
103
110
118
105
Northern, Cal.— let, 6s, 1907. .J&J
Northern Cent.— Us per cent. .J&J
106'
107 14
M&S
124
1903. ..J&J .122
New York Central— 6s, 1887. JAD lOlis
9Sl8 ICO
N.Y.Cliic.&St.L.— lBt,G9,192l.J&D
Peo. Dec. & Ev.— Ist. fis, 1920.J,St.l
2d 68, 1923
MAS 92
2d luortg.ige. 5s. 1927
1121a 114
New let, mort., when issued
86
81
EvanavlUe Div.,l9t 68,1920.M&5t
109 13 1.0
N.Y.City&No.— Gen'l,68,'10,Tr.roc
63
61
Peo. A Peklu Un.— 181.68.1921.Q—
108 >4
Asseiitfd
59 14 BO
2d mort. 4148, 1921
(J-F
N. Y. Elevated.— lat M.. 1906. J&J 117
113
Perkiomea— Isl M., 6s, 1887. -AAU
ibd" N. Y. A Greenw'd L.— Ist M. inc. 68 25
33
Cons. mort.. 6s, 1913, sterling ...
100
2d uiortga ge income
10
Petersburg -Class A, 1926
J&J
101
N. Y. AHarleiii—7a.coup. 1900.M AN 130
13i
A&O
Cla33B, 1926
to
91
N.Y. Lack. A W.— Lst.Os, 1921. JAJ 125
Phila. & Erie— 1st M.,7s, 1888. J&J
110
2nd, 5a. guar.. 1923
idtt'ii
FAA
Gen. .M.. guar., 69, g., 1920. .J&.l
901a
y. Y. Lake Erie A Wei-ternC.naol. 5h, 19-0
A&O
1st m in .78. Is97. ext...i.MA>
122
3unbuiv-&Erie, l8t.\r..7B.'97.AAl>
i'ls
120
2d molt, exten.. 58, 1919 ...MAS 111!^
Phiia & Rcad'g- 1st, 68, 1910.JAJ
|10J
111
3d mort. ex. 4is8. 1923
.MAS Iti4
2d, 7a, '93
A&O
H-.i7
130
4th mort., ext.. 5s, 1920.. ..A&u 106
Debenture 68. 1893
J&J
1041s 106
5th mort., 78, 1888
J&D
Consol.M., 78.1911. reg.&op.J&lj
lOi
(111
112
1st eons. M., 7a, g.. 1920
JAli
MAw
Consul, mort., Os, 1911
l.:9
IHI 112
New 2d cons. Cb. 1969
J&D
ICO
Improve. ueut mint., 6s, '97. A&O
105
106 13
Collateral Tr. 68.1022
MA.S
108
Geu'l molt. 68. 1908
J &J
ItO
Puud. 5s, 19U9
Gou'l mort., 78, 190^
JAD
"so"
vJ&J
b5
1st com. fund coup.. 7s,1920 MAS
Convertible, 78, la93
J&J
108
110
Beorganiziit'n Ist lien, 68, 1908
Cous. 58. iBt aeries
M&N
105
100 102
Gold income bonds, tin, 1977
F&.\
Cous. 58. 2d series
94
9ii
IiOn)( Dock mort., 78. 1893.. J&D i'l'i"
J&.J
" Couv. acl.i. scrip
93
96
do
con, g., tis, 1935 ..AAO
118
Scrip fur 6 duferreil 's oomions
9iJ
110
55
115
ibi
Norf'fc&Peterali.,2d,8s, '93.J&.I
118
80. Side, Va., fxt. 5-H-Ss,'88-19C0 :02
102
do
2dM.,ext.'-6s,'8S-100
93 101
do
3d M.. 6a. '9tf-l9<)0.J&J 1103
75
80
Va.A Tenn.. 4th M.. 89. 1900.JAJ 120
do
extended 5a, 1900. J&J 101
1191s 1201s North Carollnar-M.. 8s. 1»88.M&N
69
95
North Ponn.— l8t.7s, 1896... .MAN 117
113 115
Gen. mort.. 7s, 1903
T&J
H2is 1131s
New loan. 68. reg., 1905
M&S
Northeast..S.C.— lstM.,8s,'99,M&S 122
99
1.03
M&h 122
2d mort., 88, 1899
& Nonheast.— Prior 1.68.10 15
N.Y. A Can.—£ M.. 6a, g.. 1904.M&N
"
-Maiielta Mm.- Ist, 6s, 191.J.M&N
Marn'ttelio.&O.— Mar.i0..8e. '92
«w,19u8
68, 1923 (extension)
."iij&b
en. 19'J.I (Mai-v & West.)
J&i)
•iWce nominal; no late iransactions.
•
N. O.
122
117
4»
,
.
iogii
;44
do
prtor llen,inc.ac.,5-6a,'95 110!)
111
;io
2d mort. mo
11
69 14 6913
3d mort. Ino
a
ft
631,1 69
Leased L. rental trust, per deb. 43 187
B»
20 Is 21
West. ext. oertifs, 88, 1876. .J&J )55
6»
97
98
do
do
78, guar. Erie )5.'>
60
93
94
U7
N^.Y. Phil. & Nor.- 1st, 1923 ..J&J
^
37
39
Income, 6s. 1933
AAO 35 40
83
90
N.Y.Sueq. A W.-Deb. 63. '97. F&A
129I4
127
J&J 85
1st refund., 58, 1937
83
1081s 109
2d mort., 4iss, 19<7
F&A 69
lOd
lu7
Midl'dof N. ,r.-l8t.«8.1910.A&O IO314 1091a
101 106
N. Y. Wood.& Eiwk 2d inc. 1912..
-
lllii
SO
103
76
nam
Ix>ul8. Cm. & Lex., 68. 1931.M&N
Mem.& 0..8tl., M.,78, g.,1901 J&D
M.&Cl8rij8v.,st'g,6s,g.,1902 F&A
H. O. & Mobile. 1st 6s, 1930.J&J
122
111
101
inaH,
,
—
F&A
3.')
Ask.
120
.
—
(scaled to
Bid.
121
110
100
89
;
In Loudon.
I)
Coupon
olf.
74I2 "isi,
101
lOJ
97
u'i'
lc8
103
1J5
110
105
99
108
110
127
113
125
114
CO
l.'3% I2<i
116
idJ"
100
101
80
58
102
101i»
60
October
THE CHIIONICLE.
18S7.J
1,
433
OE3NKIIVL. QIJJT.\TI0.V3 OF STJUKd AMD BJXD3— Oontindko.
Vor Bxplanatloo* He* Note* at H*aa of Viral Pac* or <|ao(atlona.
R
Bid.
iILROAD BONDS.
IS
69
)
AAO
AAO
JAn
.lAJ
JAD
«H, lilOO
««, 1010
Tnwl oertP.. if,
1921
1»32
io:<
1105
10}
1
86
AAO
,,il.
" A( .'ii'lUr.— l«tM.7H.'9S..1A.I
rliticrons. M. 6i<, i:..ciar..IA.1 :i'j8
-:
S:.
I'liMi.l't.W. Ar.-l»t,7(i,1912 Vnr
2i1 mort.. 78, 1912
.lAJ
3<liiiort..78,1912
PlttMli. McK.A Y.— Ist,fl»,1932.JAJ
no
132
PortrniUtOjjirK— lHtHR.p.,H)00JAJ
Port Kojnl A Aiip.— L-sLea, '99.JAJ
JUS
105
40
A West.— lot
T;i<'.inio iiiorl., (Is, I*!)'.)
,]AJ
,»,S'tOKa— lRt7l',ll)21 poll.
liiil.'.i.t AUfKh— Ift, 78, trust roe.
-1 "ort.. Ha, 1910
Ei.
M A T>niiv.— (oii..fia,'90..MAN
<i. i.prni mort.. 68. 1915
JAJ
Dfticiifnre, «», 1927
Jl.
MAN
MAN
11
.
Cou.
5s.
Plertiiiont Br., Hs.
ftlc'h.
AAO
AAO
msi
p.. 111.
1
Tol.A.A.AOr.T., lat.(ia,1921.JAJ
UB
A At
1388
5t)
M.t>
do
6a, 1901
Cam. A Amh.,mort.. 68. '89.MAN
,10
1897
1^98
1899
Ijind Grant, 78, 1887-9
S'.nk. F., 88, 1893
145
58>t
U9
York Rlv.
A Cbes.. Sb... no
loo
MAN
Coiisol. Ist, 68,
do
JAD
1922
ioi'
115
V.^r.
113>i
VIoksb.
60
113
Dlv. bond.s.
MAN
Cairo A Ful., l8t,l.K.,78,>.,'91.JA.l
Gen. con. r'y A 1. g., 53.1931AAO
LouisAFaoFraii.— 'jd.cl.AMAN
2d M., class B, 1906
MAN
do class O, 1906
MAN
Boutb Paclflc— lat M, 1888 .JAJ
St.
Kaii.C. ASw.,lst,68.K.,191li..JAJ
Pierre V. A O. Ist, 63
FAA
E<inl|)mcnt 78. 1895
JAD
General io(>rt..Rs, 1931
JAJ
Gi nernl ninit.,58. IMSl
JAJ
Fr.S.A V.P..Kd.,l6t.68. 1910.AAO
St.L.K A-So.W. -1st Cs, 1916MAa
Trust bonds, »!9, 19'.;0
FAA
A
MAS
St. L. W.
W., 6s, 1919
€;.!-. Vand.AT.H.-l8tM.,78,'97.JAJ
2d mort.,
7e,
MAN
MAN
1898
2d. 79,Kuar., '98
St. P. A Duluth— iBt, 58. 1931. FAA
2d 68, 1909
AAO
Dak. Ext.. Ob. 1910
MAN
let c.oneol. 6». 1933
JAJ
do
reduced to 4's8 ..JAJ
Minn's U'n, li.t. 6s, 1922 ... JaJ
115
110
Wabash
97 %
41
A PaoiUc—
MAN
EqtUpment78, 1883
1O8H1
"
St. I.,oui8
Ist, ext., 78, '90
FAA
Mort., 78, 1879-1909
AAO
2d mort., 78, ext. 1803, ex. .MAN
110
98
42
Gen.. 68, 1920, Tr. rec
Chlo. Dlv., 58, 1910 gold
JAD
Havana Dlv., 68, 1910
JA.I
JAJ
Indianap. Dlv., 68, 1981 ....JAD
Detroit Div.. 6s, 1921
JAJ
Con8.mort.,7B,1907,oonvert.O—
107
112»a
111
lUH
Ist. St.
ilO>s
I.,,
dlv., 7€,
FAA
FAA
1889
Ot.Weat., IU.,l8t,78, '88
105
do
9ti
2d, 7a, '93. ...MAN
Q'ncy ATol., iBt, 7a,'90....MAN
Ul.A 8.1a.,l8t, 6s. 1912
FAA
112"*
11'^%
St.I*K.C.
112H ll3
AN.
40
V»'%
A5
112
16
40
fi5'4 "ftftii
61H
46
la
•'50
10(
100
Iowa
10<'
53>«
12
&oia
9
IIU
3
120
6
lO-li
3-1
71\
21
39
72««
45
SO
311' 35
lOO
Central Pacltio
iO
£0
1<H>
Charlotte Col. A Aug
6
Chesapeake A Ohio, common . 100
11
do
lBtpref...lOO
6
100
7
2dprof
do
ilt»
100 121
Cheshire, pref
Chicago A Alt«n
100 140 140
Chicago A Atlantic Beneliclary....
I4
68
Chicago Burlington A North.. IOC
:i2m34>«
Chicago Burlington A Quincy.-lOf
109
112
Chicago A East lIlinolB
7
11
Chicago A Grand Trunk
40
Chicago A Ind. Coal Railway
.
93
110
95
51
90
49
H r«
10
,VI
.*0
lat pref
100
100
2dprof
100
Central Maasachusetts
pref... 100
do
Central of New Jersey
1(K'
Mi
Central Ohio
•'Ml
do
Pref
128
ill a'
IV
3.1
do
do
109%
124
BO
100
100
7
9
«V
h5
90
do
do
pref
711I9 79»g
Chicago Milwaukee A St. Paul. 100
116
do
pref., 7.1i>ti 1151s
Chicago A North Western
1 00 112^ 113
t>8
do
Pref., 7.. 100 142Hi 141
100 101
Chicago Rock Island A Pac. ...100 lioia 1-22
90i«
1414I 15<a
Chlo. St. Louis A Pitta
100
8U
10
100
prof
do
43Tg
C!blo. St. P. Minn. AOm.,com..lOO
lltifl
I08<m
do
pref. .100
46
90 >s
100
Chicago A West Michigan
100
70
Cln. Hamilton A Dayton
100
do
Pref
81
52 >s 561a Cln. Indianap. St. Louis A CliiclOO
60
100 H0>s Cincinnati N. O. A Tex. Pac
100
20
.50
Cln. Sandusky A Cleveland
53
do
Pref., 6.50
9b la 99
Cincinnati ASpringfleld
4
91
100
3
Cln. Washington A Bait
6
110
5
pref.. 100;
do
391*
113
100 a 39
Cleveland Akron A Col
i2
99
50
Cln.
A
Indianapolis..
100
Clev. Col.
7
S
1(0
Cleveland A Canton
24
25
lOJ
Pref.do
do
105 109 "s C!l6v. A Pittsburgh, guar., 7
51'
162>s 152%
115
5'
Creiir (I'Alane
168
f>V -^-Columbus A Xenia. guar., 8
20 li 2H4
103
100
Col. Hock. Val. ATol
25
OG
too
lOo
Columbia A GreenvlUcpref
1S5
50 130
Concord
Cmcord A Port«mouth,guar.,7 lOo 110 144
100 lOiis 10.5
Connecticut A Passunipsic
190
J<X) 189
Connecticut River
HI
M)
Daubury A Notwalk
Dayton A Michigan, guar., 3 is-. 50
168
112
Pref., guar., 8. 50|^
do
116
115
lOi
113
|
lOO, •-•i- 160
Delaware A Bound Broolt
f>0\ Ijt^'* 129
Delaware Lack^ A Western
2d
26>«
lOd
Denv. A Rio Gr
O'"* 58>a
pref.lOOl
do
d>
lu
12
Denver A Rio Grande Western...
9I9! 10%
Des Moines A Fort Dodge
3U
Pref
do
do
50
55
Det. lousing A Northern, com .100
>•
li/»
109
Pref.
100
do
do
HO
100
Dubuiiue A Sioux City
10
1011«llU2
Atl
Duluth So. 81). A
35
104
luG
Pref
do
loi* in*
100
120
EastTenn. Va. A Ga. Ry
66
lat pref.. 100
120
do
do
2u^
92
2dprel...lOo
93
do
do
4tt
49
60
50
East Pennsylvania
120 121
Eaat A West, Alabama
100 "b'j 100
1O6
108
Eastern (.Mass.)
1^5
12s
105 >a 107
Pref
do
100 •
lOO li9
Eastern In N. H
10
15
...loo
11
Elizabeth Lex. A Big Bandy.
4ia Elmlra A WilUamsiwrt, 5
SO 40
60
Pref., 7. .50
a
do
90
85
50
Evansville A Terre Haute
94
U5
loo
ntchburg. Pref
29
28
Flint A Pere Maniuette
9;'«
99
do
Pref
do
1<
10m 101
114
oGiv Florida E'y ANav. Co
85
"2"»;
Pitts. Br., 1st M.. 6s. '96
JAJ
L.
lst,5a,...19-.G
I
Wichita A Western- lat, 68
JAJ
*ilm. Columbia A Augusta, 68
'*
112
121
119
I'O
i
H^
IH
*U.A Weldon— S. F., 78, g., '96.J.t.]
Wieconslu Cent.— Ist ecr., 58, 190!)
2d series, 78, 1909, if earned
Wis. Valley_lst,7s, 1909
JAJ
110
SodugBajASo.— lsi,.'>8,g.,1924JAJl
8j. CaroUnri— Ist M., 68,1920.. A&o'
99
2d mort., 6«, 1931
79
JAJ
Income 68, 1931
121s
Bo. Cen. (N.Y.)— Consol. mort., ii.'.
47 "« 5514
coutb. Kanpas-l.it, 5»
MAS 96 96».
Inci.me, Gs
82
83
ei.l'»c,Ual.—Ut,68,jf., 1903-12 AAO 111
113
Ho. PucArlz.— lBi,bs,l'.)Oli.lo JAJ' lllM 112
80. Pac. N. .M.-lst, (is, 1911 .JAJ^ 10714
aie—
WLeelingA
9u
(
W orc'r A Nashua— Sa, '93-'95 Var.
Nash. A Rocb.. ?nHr..5s.'94.AA0
. .
UAILKOAO STOCKS.
Par
Ala. Gt. Boiitli.- Liiu., A., Os.prel..
Ltm., B, com
Ala. N. O. A Pac, Ac., pref
do
do
def...
Albany A Siisoueh., Guar.,7...10(,
lAllegbeny Valley
.\lchi8on
.\tlanta
I
!
I
50
Topeka A Santa Fe. .100
I
A Charlotte Air Line
Atlantic A Paeltic
lOU
Augusta A Savannah, leased. ..100
llaltliuore A Ohio
100
do
do
lBtpref.,6
2d, pref
Parkersburg Branch
Buech Creek
1014
132
13 i
105
I
!
6
loo
50
I
Kiipid
.
I
I
.
|
'
;
do
lOia!
133
135
li5
ii>
120
100
do
pref
50
Tr^ns.— 1st mort.l
'Rell's Gap
.J.30
etculicn. A Intl., Ut G.<, 1914. .JAJ ioSij
IJ-llcvl le A 80. III., pret
8tock. A top -lat, 58. I'.iO.i.
'uosion A Albany
100
J\j'
8ammit Br.— 1st, 78, 1903
lOO
JAj'
IBost. Con. A Montreal
8anl>.HHX.AW-B.— lBt,5»,1928MANi
Pref., 5-. .100]
do
103
2anjort.,68. 1938
9bl«
Boston Iloosac Tun. A Western....'
MAN
Slsp.B.AKrifJiinc— 1st M.,78
illOi
Boston A Lowell
100!
e/r.Biutf.AN. Y.— consol. 7a, 'OOAAO
Boston A Maine
....lOOl
Tax. t«nt.-l»t,ak.ia.,78,l»00,MANi
B»Bt<m AN. Y. Aii-l.lne, pref
l»t m<,rt., 78, 1911
BoBton A Providence
MAN'
100
Pilcc lomlisl. I Piirchasoralsoj'ayaactiucdinteiett.
tu London I Cuuj.uu
Isl.
C/entral
116
104
100
M)
do Om.Dlv.,lst78,1919.AAO
do Clar. Br., 6s, 1919.. FAA
do No. Mo., l8t, 1895... J A.I
do St. Clia'a Bi idge 68, 190e
107
ffab. Fund. 1907-Var. 78. FAA
114
do
Various 6s
FAA
100 Ibl
W.St. Ij. a p.— Iowa 1). «s. Tr. rec
109
Varren (N.J.)— 2d, 78. 190a ..AAO
West Cbfstcr— Con. 7s, 1891-.AA0
c
<V. Jersey A At. 1st M.,6al910MAt
109 >» West Jersey -1st, 6s, 1896
JAJ
Ho
let mort., 78, 1899
AA( 1/3
102
Consol. mort., 6s. 1 909
A AC
104
West Slioreguar. 4s
JAJ OSTe! 99
103
Weet'n Ala.— 1st M., 88, '88. ..AAO 102
11^:39
2d mort., 8s, guar., '90
AAO 108is!lOiiia
ii»it *est.Maryl'il— Jd en.,68, 1900. JAJ
il21
116
W'n No.Carollna- l8t,78,1890.MAN
114 ><
114
too
Consol. 68, 1911
JAJ
i>7h
vv'est'nPenn.— 1st M., Os, '93. .AAO 106
log's
95
eoloto Val.— lat,78,8lnk'gfd..JAJ
^0
2d mort.,78, sink'gfd
AAO "0 75
Consol. 7s, 1910
«5
JAj'H
Sham. Sun A Liw.— l.t,.'is,'l2MAN| 83
eham.V A i'oit.<".-7N. con. 1901 JAJ
eaenandoau Val. l8t.7«,1909.JAJ
General mort., 6s, 1921
AAO 36%
ShrcTe. A nous.- Ist. (!s, gn., 1914
GO
70
eijux C. A Pac, l8t M., 6s,y8.JAjl 105 107
Staten
3^
10
30
'
(r.est.A K.),79.MA.'t
.OII4
101
<;s,1910.JAJ
J'l. A W.— Ist.
s, 1934. .AAO
At. AOulf. con. 78, '97
JAJ
60. Ga. AFla— lst,78, 1899....
2d, 7-, 1.S09
MA.\
4»k.
IflS
I
do
Ist.^s.I.^^e.J&J
eanduskjrMansf.A N.— 1st, 78,1902
e»v.
BUI.
162
1
ei.P.Minn. A .Man.— l8t 78,1909 JAJ
San Aut.A.\.Pas8..1ai-,
2d series, 68, 1911
MAS
8d series, 5-68, 1916
MAS
4tb series, 3-4-6s, 1921
HAS
5th series, ."58, 1926
MAS
rocomeB, cumnl., 6a, 1927. ..JAJ
Uen. 6s, gaar.. 1936
MAN
31^
,
MA^
1903 MA.V
Ist mort.
3d mort.. Income
Vicksb. Sb. A Pac. -Prior lIWi, 6b.
V*.Midlund- 1st ser., 68, 1906. MAS
5<)
Bellev.A.s.Ill.,lat,a.F.88.'96.AAO
Bcllcv.A Cut., Ist 6a. 192.<t..JAD
et. L, Ark. .fc Tex. Ist 08,1936.MAN
2d mort.. (is, 1W36
FAA
et. Louis Irou Mt. * 8'>.-Ist.trfrt. 7s. 18'>2
FAA
2d mort., 7s, g., 1897
Ark. Br. 1. gr., M., 7s, ?., 'gs.JAD
Cairo Ark. A T.,l8t,7s,K.,'97.JAl)
.'ia,
.
2d mort.. Incomes, ,°i8, 1925
«t. L.Alt. AT.n.—l8t M., 7b, •94.JAJ
2d mort.. pref.. 7b, 1894
F&A
1894
1891
A Mass.— Guar,
A Mer.— New
2d mort
Ud
107
lu6
1.2 10j>«
104 lO."!
90
bS
9.-% 99
78,
115\ iieiu
A Bl'k R.— Mort., 7b, "Pl.JAJ ll(/5
Vullfy of Obio-Cou. la, 1921. MAS
BoiiieWafDAO.—a.t\,78,18»l.JAli
2<1 mort.. 79, 1892
JAJ
Consol., Istex. 5f, 1922
AAO
Rutlanu— Ist .M.. Os, 1902
MAN
Equipment. 2d nio!t., 58
FAA
et Jo. A Or. rsl'il— l8t.guar.6fl.1925.
2d Income,
MA."
'96.AAO
114^8
Utlra
83
114
Income. 1921
Home A Ciirrollt.— let, na. g., IP1«
Home AUio.—l8t.,6.s, 192«...,JAD
AAO
U'3
lOS
110
117
122
106 '4 107
lla% 114
JAD 108
do lstM.,6a, 1896
MAN 114
do Denv. Dlv., Ca
do l8tcons.M.,68,1919.MAN 101
»7'4
Oregon Slioit-I,., Cs, 1922 .. FAA
Otah Cen.— Isl M.. 6s, g.,180O.JAJ
92
Utah So., gen., 78, 1909.... JAJ
90
do ext,l9t,78.1»09JAJ
,TA.1
Rich. A Wcsi Pi.Ter., Cs, 1897.FAA
Kooh.APiits.. l8t, 6B.1U21...FAA
.JA.l
sterl. 8b, b.,
95
90
Collateral trust, 68, 1908
JAJ
JAD
Collateral trust, .'is, 1907
Kan8. Pao., l8t, 68, 1895. ...F&A
io'i"
110
102
JA.l
J,VJ
Ist, 6a,
iBt. Ca.
1st, 6s.
PaclHc
California Bonthern..
(Jamden A Atlantic
do
Pref
Canada Southern
Canadian PaclHo
Catawissa
do
1st prof
do
2(1 pref
Oedar Falls A Mlnnvsota.
Central of Georgia
(California
too
FAA
MAS
do
K<n. 4a, 19J3
Sterling mort., 68, 1894
Om. Bridge,
itji"
A Pet(Tsl)., Hr. 1915. ...man
New mort.. 78, 1915
MAN
2<1 iiinrt.,fi8
jru.193."'
Tol 8f.U&K.('.,l8t,(!a.l916...JAD
Uuited Co «N.J.— ConB.,68,'94.AAO
i;jO
Ricli.
Rlolinioncl
r,«.
101
04^8
Tol.PeorlsAW.— lst.7a.l!>l/,tr.rec
Potomac— Oa.extJAJ
Frcil.A
Mort. 78. 1.S81-90.
i,yuu .100
B.%
Battlne DiT.. lat, 6a, 1912...MA8
IlnMiklyn Klevaied.. new
raZ.APao -l»tM..6a,K.,1905.MA8 108
iBrooklyii A Montauk
100;
97 100
Cone. M.,6b, K. lOO.'. Ir. ren JAD.
do
Pref
lOOj
l<i»
47 1«
Inc. and land iir., rec, 1915. Jul;
Buff. N. Y. A Erie, leased
100,
'dai» Buffalo N. Y. A Phtla.,afB.p<l....no|
107
03
Rio Or. Dlv.. 6b. 19:!<i, Iruat rco.
107
6«
Gen M Ater. 6a,190."..ir.re<'.AAO.
dn
do
Prer...«o}
)0|!%
73 i^
R.O. Pac. iMt.Os.Kolcl, 1980.JA.I
Buffalo Rochesttr A Pit'ab
100
91
ral.A.Ar.AN.M.— lat.lia.l924.MAN
Burlington c. KapldsA North. .IOC
UolonPaclllc-l8t,6e, g.,1896.JA.l
iiKirt
A
22111
13-a,
AAO
Pittsl..
Railroad 8took«.
Boston Kevere Beach
ee>s
116>2 Tol. AObloCent.-l»t,
i.f-.— l!<t.7s,l!>00.FAA
-let. He, 1922.
1
Ask,
Bid.
II
I'lnc fri-rl,-- 8(1,
r
;r.A h.— lot. er. P(rtn.
I
Raii.boad Stocks
CazM A New Orleans-lRt.Ta.FAA
A
n.'iiillnR-(Coi)tlnucd.)—
D<*feiTciI iif OHIO
Tncoiuo iiiorf., runs. To. '1)0. JAP
ConlA I.. Biiar..7n,'92,ex-oi>.MAS
Philn. W(I. A Bait.— 6b, 1892..
riillii.
Ask.
70
193
'20J
102
104
20
158
211
!%
pref
loo
Fort Worm ds Denver C
Galv. Harrisb. A San Antonio
Georgia Pacitiu
Georgia Railroad A Bank'g (Jo. 100
Graiul Rapids A Indiana
212
93
1\>0
?17
1218
or.
}
46^^
12
IS
97
1*
10
9.^
6
9
Green Bay Winona A St. Paul., luo
14
100
do
Pref
do
loo
Houston A Texas Central
.'xi^ T2
iHuntlngdon A Broad Top
Pref....">Oi} jO
do
do
»4
si"
[I
loi
iinilnolB Central
ISo
4b>8
loo
I'lndlamt Bloom. A \Ve»l..»»». pd.loo
Jett'v. Mint. A Ind'p's, leaMMi.. lOO
.IKauawhaA Ohio
If
do
L^^»aca lllie,4 p.
I'
I
do
price per sbaic.
di)
.
c.
1,8>4
i<4
16ii
70
;
4
latprf
2il
pref
e lu Frankioit.
8
\1
a lo Anuteidao.
.
5
.
.
.
THE CflRONKUE.
434
[Vol.
XLV.
GE.VSRA.L QaOTATIO.VS OF STOCKS ASD BO-VDS— Gont[N0ed.
For Eiplanatlotts See Notes at Head of Plrst Pa^e of ((aotatlons.
Bid.
Kailboad Stocks.
RR.
Ask.
«T«»rKS.
<t.
OONTINFED.
67is 68
Kan.C.Ft.ScottA-G.lOn
132
Pref 100 130
do
69
30
Kan.C.Sp'dA Memihls
KaD.C.Cl'n&Sii'd.l'O
Keokuk & Deb M.. 100
pref.. 100
do
30
33
Keokuk* West
Kingston & Pembroke.
l4ikoErie &W....100
Pref.
do.
I-Sh. 4 Mich. So.. 100
50
LehlKh Valley
Lit. Kock & Ft.Sm.lOO
50
Little Miami
50
Little Schu'k'1
50
Long Island
.100
River.
La. & Mo.
100
do Pref
I,ou.Evan8.&St. L.lOi
Pref.lOO
do.
b4''8
Bid.
Paul &Duluth. 100
Pref.lOO
do
631s
103
«. P.MIiin. & Man.lOO 105
Scioto Valley
70
40
Heah'dA RoanokelOO
100
louth Carolina
40
Southern Pac. Co. .100
3'we8t.,Ga.. g'd, 7.100
lyr. Blng. & N. Y.IOO
34i«
1-H
MlSCELLANEOUg.
inmniit Branch,Pa..')0
& Lewi8t..50
45\» Torre H. & Ind'nap.50
95
Pex & Pac. ass. pdlOO
duubury
55»8
Col.
rol.
167>4
56%
9
20
Bm
& Na8ljv..l00
40
Louisv.N.A.AChlo.lOO
100 125
Maine Central
100
Man. & Law'ce
Manhattan, con. ..100
Marq. H. a. Out.. .100
Pref.. 100
do
Lonisv.
& Ohio Central. ..
do
Pref.
U&K. City...
pref.
do
a. N.J. RR AC. Co.lOO
Tol. Bt.
91
91
Ann Arbor & N.M
15
26
10
25
61%
40
Ask.
do
>
03
Camorou IrouACoaloO
H3
.
25
Pref. ..100
2S58
Kan.A Tex.lOO
MiBso'i
130
11
Missouri Paciflo-.-lOO
9d
Mobile* Ohio
11
100
CANAL BONDS.
12>s Ches.<SiDel.-lst,6s,'86
Caes.&O.— 68, '70.Q.-J
24
93I4 L>el. c&H.— 78. '91.J&J
Istext., 1891..
761*
210
103
29%
66
39i«
105
.
.
Phila. <feErle
50
le's
8%
1«
9
29
2
J
&
Port.Saco &Ports,lsd 6
150
130
2
Ports. Gt.F.Ai Cou.lOv/
85
150
132
95
.
.
do
do
-
—
T.
Voi.
Pref
100
Ist pref. 100
* r n
13Hi
33I9
67
109
Land
Pacific Mail 88. Co.lOO
Philadel. Co. Nat. Gas.
Pullm'n Palace CarlOO
flan Dit-go Laud..
2d
St.
St.
B'dgc,l8tpref
pref. certificates.
Louis Tunnel RR..
Loui8 Transfer Co.
681s
115
Union St'k Yds.&Tr.Co
Wnsf f.nrl J,,n.i (R .Qt
• Pnoeuouunal; nui»i«in»u«««uons.
1
110
loo
96
100 160
Bonds
Mexican
Mutual Union 68...
1904. J&J
102
165
84
8i
%'
N'^vest.. 7h.
100
101
28
80
747
223
Mexican
England...
10
291a
7
7
714
714
7%
*H
4%
4%
4%
40
210
8
35
86
36
...
100
130
75
97
170
8.'>
35
84
*te
50
Trust. 100
120
25 260 270
100 455
Tr.25 425
100
1^0 158'
190
145
115
550
100 425
100 540
200
560
•14
58
Boston Gaslight. . 500 990
East Boston
25
40
Roxbury...
100 224
South Boston
100 115
Brookline, Mass. 100 106
Cambridge, Mass.. 100 190
Chelsea, Mass
100 112
Dorchester, Mass. .100 llSij
Jamaica Prn,MasslOO IbO
Lawrence, Mass. 100 145
Lowell
100 2211s
Lynn, Mass., G. L..100 1181s
Maid. & Melrose. .100 108
Newton & Wat'u ..100 142
Salem, Mass
100 112
'25 100
Brooklyn, L. I
50
Citizens', Brooklyn. 20
Metropolitan, B'klyn
75
Nassau, Brooklyn ..25 100
59
People's, Brooklyn. 10
WilUamsb'g, Bklyn 50 112
18
Charlest'u,8.C.,Ga3.25
Chicago G.& Coke. IOC 210
xlSlis
Cincinnati G. & Coke
Hartford, Ct., G. L..25
Jersey C.& Hobok'n20 160
70
People's, Jersey C
109
Louisville G. L
.
'"•25
•13
•47
•27
120
•17
•02
•40
3-40
•18
.50
06
•09
100
100
1-50
2-85
175
50e.
6O0.
1
10
Silver Cliff
Standard
Union Consol
50
100
•03
•45
BOSTON MINING
25
25
Brunsw'k Antimony.
Calumet & Hecia...25
10
25
9
.58 Is
5
200
250.
270.
15
20
"ii"
Sational
Osceola
25
25
25
25
50o.
40c.
60c.
21
22
Pe.WHbic
25
lis
Quiney
2'i
50is
lildge
2i
25
50c.
511a
750.
9a
99
laiuarark
Am. Linen
Amory (N.
Amoskeag
(Fall Rlv.)
700
100 113
H.)
(N.H.) 1000 28.50
2
775
114
2370
Andro8Cog'n (Me.). 100 116% 117
Applecou (.Mass.). 1000 690 70O
Atlantic (Mass.). ..100 1121s lis
98 100
Barnaby (Fall Riv.).
80
Barnard Mfg. (F. R.)
100 is'sis 136
Bates (Me.)
1325
1315
Boott Cot. (JIas8.)l000
1271a
Border City .Mfg. (F.R.)
Boston Co.(.Ma8S.)1000 iis'o 1175
100 155 156
Boston Belting
(Fall Kiv.) .100
90
925
92
Chicopee(.Mass.) ..100
Cocheco (N.H.)....500
Collins Co. (Conn.).. 10
Continental ,Me.). 100
Cres't Mills (F. R.) 100
Crystal Spr. B1.(F.R.>.
115
495
500
Duck (Ma8S.)700 900
Davol Mills
Dougl's Axe (Mas8)100
120
108
191
Blverett (Mass.). ..100
(F. R.)
Dwight (Mass.).
.
7
50
100
lOt'O
114
161
147
223
119
liii
314
2-0
42
226
113
10
3
198
50
500 750
R. Machine Co.. 100
R. Merino Co... 1 00
f'lint Mills (F.R.) 100
100
Franklin (Me.)
II513
714
SOis
70
60
60
•60
77
P.
1?.
ai'boY.Mills(F.R.)100
Granite(F.K.)....1000
Great Falls (N. H.)100
aamllton (Mass.) 1000
1081s dartt. Carpet (Ct.)lOO
100
tUll (Me)
145
^olyoke W.Power. 100
114
(N.
H.)..1000
Jiukson
103
itiug Philip (F.R.) 100
55
400
l,acouia(Me)
80
Lancaster M.(N.H)400
xMills
(F. K.j
L'rel Lake
61
Liawrenue (Mass.jlOOO
116
Lowell (Mass)
690
Lowell Bloachery.200
182i» Lowell Mach.8hop.500
Lyman M. (Mass.). 100
33
sfanchester (N.H.) 100
1000
vlass. Cotton
vieohanlcs' (F. R.) 100
110
VIerchauta' (F. R.) 100
60
vlernmack(.Ma88)1000
72
viotaoomet (F.K.) .100
1)5
Middlesex (.Mass.).10i>
94
871s
383s 39»8 Central of N. Y
50
71
97"s 93is;;Con8oUdated, N.Y.IOO
110
1471s 149
Equitable. N. Y..
49
90
50
Mutual of N. Y....100
.•101
6lis
106
N. Orleans G. L. ..100
'."<^arragau8'tt(F.R,)100
!50
bi
60
Portland, Me., G.L. 50
Nishua (N. H.)....5O0
70
tl05
109
67 Is 70 Idaumkeag (MaS8.)10J
St. Louis Gas rr...lOO
70
75
Laclede, St. Louis. 100 118
|N. E. Glasa (Mas8.)375
115
lUnlted Gas Imp., Phil.
500
.... - Ndwmarket
7*
37 58- 3- Id Panlfln (M>«8.) .IIKIO
om
t,.
§
•80
•75
310
•09
•40
6 37
SierraNevada
Chace
Gas
•19
3^30
100
Kappahanock
Bed Elephant
Best.
GAS STOCKS.
tULoadoa.
325
STOCKS.
^k BR'KLYN
HORSE RRS.
tP»runi«ieral8op«y««)oru,(llaCepe8t.
•60
•03
100
10
,
Potosi
MANDKACT'ING
r«».'S
&
•20
100 105
3-30
Huron
.
29
Navaio
Ophir
4-00
Silv.lOO
Minnesota
SIOCKS, N.¥.
Bait. Consol.
75
&
.Mexican G.
"ssij Catalpa Silver
75c. 100
Central
40
41
Copper Falls. ...
SOc 700. Franklin
N.V.
134
Little Chief
Little Pitts
1-70
15%
STOCKS.}
93
9314 (Fee LiK-at Xevuriticjiin
lOisM 109
CHtiU-Nici.!: ea^•h mj'A:,
except Jiisi of month.)
;132
100
20
10
10
50
tronSil-.er
l.»cro88e
i.«adville Consol
•65
•55
1^65
•90
1.50
•72
33
Unhm
100
100 Is United States
100
Horn Silver
Atlantic
Ene
TRUST
'
100
100
Caledonia B. H
lOu
Consol. California. 100
Chrysolite
50
Cbollar
100
Consol. Pacific
lOJ
Crown Point
100
Dunkin
Eureka Consol
100
Father De Smet .. 100
Gold Stripe
Goodshaw
100
Gould A Curry S..100
Green Mountain
10
Hale & Norcross. .100
Mlouez
STOCKS.
Long Island
100
Mercantile
Metropolitan .. ..100
N. Y. Guar. & lnd..lOO
N. Y.LIfe& Trust. 100
107%
10
RobiUHon Consol..
TELEPHONE
Knickerbocker
scrip
St. Louis
100
N. Y. Mutual Un. Tel.
Central
Farmers' Loan
Frenchman's Bay Ld.
61s
6%
Co
100 110
Keeley Motor...;
14
15
iMaverlck Land
10
2'«
2>s
N.E.Mtg.Socur.fBoat..
95
100
N. Hampshire Laud 25
25c 50c.
N.Y.& Tex.Ld.,Lim. 50
Oregon Improvement.
Oregon Ry.&N.Co.lOO
72
56
100 25" 33'
Brooklyn Trust
iJoliet Steel
liij
36
100
Cov. <fc Cin. iirldge, pf
East Boston Land. ...
150
109
73
130
Co.pf.
Franklin
Gold & Stock
lOO
Beclitel
Belle Isle
[ndepeix'^nee
. .
Amer.Cotton Oiltrusts
Aspinwall Land
10
Boston Land
10
Boston Water Power.
(Bait.).
Bank's & Morch'ts.lOO
General mort. cert..
Baltimore & Ohio
Cent. & So. Am. Cable
Am. Loan
I
mSC'LLANEOlJS
Canton Co.
68
49
. .
Brookline (Mass.)L'd5
Prov. & Worc'ster.lOO
Bens. & Saratoga. 100 itj'i' 161"
2I3
Rlch.& Alleg., rec.
2>a
Bioh. F. & P., com. 100 120
do
Guar. 7.100 lo2
do
do 6
128
Bicbmond <fe P'b'g.lOO 109 112
Blch. 4 West Point...
24H1 24(Ib
do Pref
5'i
53
Blchmond York R.& C. 95 loo
Borne & Decatur...
Bome W. & Ogd. .100 80
82
Batland
loO
7
8
do Pref., 7. .100 38
39
«t. Joseph & G'd Isl'd.
15
et.LoulBAit.&T.H.100
35
36
do
Pref.lOO
70
80
Bt.
^'*
981s
STOCKS.
10
& Augusta
St. L. Ark.A Texas ..
Bt. iMUis <b San Fr.lOO
s88
South
Pitts, 1st. 68
Bir. Div. l8t,68, 1917
;
•i
28
26 14
49
Edison
Edison lUumliiatlng
United States
United States 111. Co,
CaDtou(Balt.)6s,g., '04
145
Un. RK.,lst, end.,6B.
241s Col.Coal& Iron— l8t,68
61
26
Pacific st'k
Commercial Tel.
•55
Bassick
Bulwer
LldtUT STOCKS.
BONDS.
281s
&
Brush, Bait
Tenn.C.cii.,con.68...
5...
27
275
Brush niuminat'g 100
47
80
Morns, guar., 4
100
do pf.,guar.l0..100 200
Pennsylvania
50
Schuylkill Nav
50
do
do pref. 50
74
87
12
26
Barcelona
ELECTRIC
& Del. .50
6018 SoS) Cov.&Ciu.Bge. 5s,3-5y
172
175
M&8
58, 5 years
12
15
Hend'n Bridge6s, 1931
•<i5% 26% Or. Imp., Ist, 6a. 1910
180
82
0reg.R.&N.l8t.68,J&J
12
12
Debenture 78, 1888
175
17rt
Cou. 58 1925 J.&D.
17"* 1711 Pullm'n Palace Car—
21ie 2114
3d series, 88,'87FdsA
120
4th do
88,'92F&A
JSois 55%
Deb'nt're,7s,'88A&0
5
8
St. I<. Bridge A Tun—
2114 211s
1st, 76. g, 1929. A&O
&
Port Royal
&
15
24
40 It
CANAL STOCKS.
Del.
Hudson
100
Del. Div. leased, 8. .50
[iehigh Navigation. 50
12
22
Cable
Tropical
1902.. J&J
42% msC'LLANEOflS
142
80
6s,bt&car,1913M&N
78,bt&oar,1915M&N
9usq.— 68,cp.,1918J&J
Chesapeake
10
10
100 221
1121s American Bt'U
Amer. Speaking... 100 100
129
6s,lmp.,cp.,'80M&N
78. coup.,
14
TEL'PH STOCKS
AND BONDS,
Atlantic
100
10
12
100 110
100 103
American
67
100
United States
Wells, Fargo & Co. 100 125
&
FRAiM.)
26^1
Adams
Tel.
&SAN.
Alta Montana
Ainie
Alice
"in
Ask
MINING SroCKSS
(N. Y.
35
29
EXPRESS ST'CKS
Amciioan
Bid.
Bodie
New
2dM.,6s,1907..J<SiJ
Mort. 6s,cp.,'95J&J
14iji
fc5
77i«
1910
42
Wllm.A Bait. 50
Pitts. Gin.
St. L..50
Pitts.
Con., l'sed.50
Pitts. Ft.W .& Cguar.V
78J&D
ooup.,
.
Phil. Germ. & Nor.. 50 iU3>«
Pliila.&Read a8s.pd.50
60%
do
Pref
50 §...
Fblla.
I714
1071s
1151s
MlSOELLANEOnS.
GOLD Sc SILVER
42
34
Postal Telegraph. . 100
841s
Bonds, Ist 6s ..
2.3'
Postal T. & Caljle
80. Tel., Ist mort. b'da
Bouth'n & Atlantic. 25
72
Western Union.... 100 7458
78, 1900, M. &N..
117
Schuylkill Nav.—
1st M., 68, 1897.Q-M
31%
7
118»8
68,g.rg.'94M,fe8
68,g.,cp.&rg..'97J<&D
Cons.M.,1911
10934
173e
108
Conv
Penn.— 68,
K.Y N H.&Hartf.lCO
27
iofis
Com). 78. 1894. A&O
Ist Pa.D.cp.,78,M&8 135
Lehigh Nav.- 4i«a, '14 110
RR. 68, reg., '97,Q-F
>
H.Y. Ont. & West.. 100
K. Y. Penn. & Ohio
do
Pref.
K.Y. 8usq. & Western
do
Pref.
H.Y. West Shore & B.
Korf.&West,, com. 100
do
pref. 100
Ko. Pennsylvania.. 50
Northern Central. .50
Horth'n N. Hamp.lOO
ITonh'n Pac., com. 100
do
Pref.lOO
Iforw.dK Worcester, luu
Ogd. & L. Champ. ICO
Ohio* Miss
100
do
Pref. 100
Ohio Southern
100
Old Colony
loo
Oregon Short Lme
Oregon Traus-Cont
OBwego & Syr., guar
Pennsylvania KK. .50
Pensacola & Atlantic
Peoria Dec. & Ev..lOO
Petersburg
loO
80
MAN
Morgan's IjS.cfeTex.loO 120
Morris &£'x, gu.,7.5U
NashT.Cbat.& St. L.25 751a
Nashua * Lowell.. 10( 195
54
N'squehoDlDg Vall'ySO
Kew Jersey <& N. Y.
do
Pref.
»8
N. Jersev Southern..
K. New8<tMl8».Val.Co
K.Y.Cent.A H.Klv.lOO loan
1718
K.Y.Ch.&St.L. ass.loO
do Pref., assent. 100 31
3
K. Y. City & Northern.
K. Y. & Harlem ....5C
».Y.Lack.&West...lOO 103
2i
H.Y.L.Erie&West.lOO
OAli
do
Pref.lOO
K.Y. & N.England .100
do
Pref.lOO 103
STOCKS, N.V.
Colorado Coal & 1. 100
Col. & Hock. 100.0 & I.
9
Consol.Coalof Md.lOO
Homestake Min'g.lOO
127 123
.Marshall Cons. Coal..
Maryland Coal....lOO
7% 8-4 New Central Coal .100
100
NY. & Perry
5 47
85
Ontario Sil. Min'g.lOO
24is 24% Pennsylvania Coal. 50
24
Quicksilver Min'g.lOO
27
pref.lOO
do
Tenii.Coal&IronColOO
48
Wyoming Val. Coal. 100
210I3
Ask.
I
16
53>s 53%
100
Onion Pacific
26
100
rrtah Central
Utica & Black Riv.lOO 117
Vt.A Mass.,l'sed,6.100 137 138
Vicksb. & Meridian
blH
Bid.
COAL & MINING
I4
Is
pref...
do
42
40
Virginia Midlana
no's ^Tabash Pur. com.cert 17 'e 18
321, 321a
Itf
Pref. 100
do
85
Warr'u(N.J.),l'8'd,7.50
52
50
iVest Jersey
Meniph.& Charl....25 52
50
13% 15
(Vest Jersey & Atlantic
Mexican Central ..100
I2I4
11
9
8
Vestern Maryland
Mexican Nat., Tr. rt-c.
41
40
25
30
L
Erie
100
Wheeling
&
Mex. Nat. Cousir. Co
115
109
88H Vll. Columbia di Aug
100
Michigan Cent
95 125
26
^JUm. & Weldou, 7.100
Midland of New Jersey
82»« 84
17% 18
Wsconslu Central
Mil. Lake S. &W..10U
34it 35
>«
106
Pref
do
do
pref. 100 1041s
130
Voro'ter&Nashua. 100 127
Mil. & Northern
Mine Hill (&8.H....50
Mlnneap.& St. L.. 100
MI8CELUANBODS.
671s
Quotatton per (luwe.
871s
98
90
98>a
1121a
245
88
780
195
82>s 84
201020 ibso*
100 105
4C5 470
600 610
iO
75
1590 1600
750
7*5
230
871s
770
145
825
701s
148
850
71
154 >s 156
1010 1015
87
105 liO
12.!0
1230
182% 184
83
610 515
107 lo-ia
95
90
^17 320
16'iO
1670
5
.
OCTODEB
1,
TBE CHROXrCLF.
1887.]
For
Manukac'ino Stocks.
Bid.
\sk.
PpI)1mto11(Mp.)....500
log.
lie
P,.,
1
:o4
Baliiion Kiilla(N.lI.)300
Biiii<lw.Uliva8(Ma8R.)y0
BhuVK (Kail Klv.). lOO
Sia.l.' (Kiili Riv.).. 100
26
25
75
BtaminKKiillRiv.) 100
BlHi'k Mills (N. II. )U)00
Tpiiimwli (I'. R.). 100
io:<
11 01)
l'.;00
100
lc2
;6i>
1
28
80
100
Wami)aii()ai?(l'\R.)
112
212
114
\tlBS Niilloiial
Cincinnati National...
•)A0
Citizens' National
-15
Commercial Bank
147«« 150
BANK
60
IS
Ohio
10
FarmiTH',bPlauter8"25
First -Vat. of Bait..
601
II
30
Mccuaalos'
10
Merchants'
100
National Exob'ge. 100
Feojile's
2v
Bet'iiiiil National ..100
Tliira National
100
Union
Western
Boston.
100
100
100
100
100
Broadway
loo
Bunker HUl
loo
Central
100
City
100
Oolumbian
100
Commerce
100
Commonweal th ... 100
Continental
loo
Kagle
100
Eliot
100
Everett
IOC
Exchange
100
FaneuU Hall
100
First National
100
First Ward
100
Fourth National.. 100
Freeraans'
100
Olobe
100
Hamilton
lOO
Hide & I.«atljer ... 100
Howard
100
Unooln
100
Manufacturers'.. .100
Market
lOO
MarketlBrlghton) .100
Massachusetts
250
Maverick
leo
Mechanics' (So.B.)lOO
Merchandise
100
Merchants'
lOfl
Metropolitan
100
Monument
100
Mt. Vernon
100
Wew England
100
Worth
100
Korth America
100
Old Boston
50
People's
100
Kedeiuption
100
Bepublic
100
Severe
100
Bookland
100
Be<iond Nat
100
Security
100
Bhawnint
100
Bhue & Leather
lou
State
100
Buflolk
100
Third Nat
100
Traders'
100
Tremont
100
Union
100
Washington
1 00
Webster
100
Brooklyn.
Manufacturers'
Mechanics'
Nassau
1»
135
Third National
Western Oennsn Bank
12V
2i>
150
100
50
40
50
bo
100
134
135
12J
um 112
122
j
iVo" I'lrstNat
I
.
10;% Germanla
144
1Z7
145
US
140
315
160
310
150
IIH
50 210
100 210
2-20
215
123
124
112
100 155
Vnt
1«M
l.>0
220
145
235
no
120
93
toils
160
95
125
95
250
122
160
87
128
117
108
109
102
170
125
137
143
137
255
138
142
1-24
119
113
169
140
117
64
130
15S
300
123
161
88
1'29
118
109
114
101
171
140
145
138
257
139
143
126
120
Hit
170
141
118
133
82
!0
145>« 160
145
UO
1181s 122
123
418
58 H
105
60
1061s
103% 105 1«
il74
1401s 113
2.^7
100
First Nat
100
Fannors'iMcch.N.lOO 165
Fourth Mt. Nat'l. ...IfiO 107
Ind<'p<>ndence.
lOo
Girard National. ...40 110
Kensington Nat
50
Keystone Nat'l
50
Mann f aot'r'rs' Nat. 100
Mechanics' Nat. ...100
133
210
212
;Z400
300
ii',<
56
10*
Portland)
ITte.
ChimberiandNat.. .40
Canal Nat
100
CaHcoNat
100
First Nut
100
Merchants' Nat
75
National Traders'. 100
Ulchmond, Va.
City
Bank
2.'-
Nat
100
Merchants' Nat... 100
First
Nat. Bk of VirginialOO
Planters' Nat
100
State Bank of Va.lOO
St. liOnls.
B'k of Commerce. .100
Commercial
1 00
Continental
100
Fiauklin
100
Fourth National ..100
International
100:
Mechanics'
lOO]
Merchants' Nat ...100
St. Louis National. 100
Third National.... 100
San Francisco.
Bank
of California....
First
Nat Gold. ...100
Bank
Grangers'
Paciflo
PIRE INSVR'CE
STOCKS.
Baltimore.
Associate Firemen's.
Baltimore Fire Ins. 10
Firemen's Insur'ce.18
Howard Fire
5
Maryland Fire
10
122
Boston.
American F.
& M. .100
Boston
Boylaton
100
100
3
Crescent Mutual ..100
lactors'aud Tr...lOO
SO
Firemen's
lOO
Oennanla
100
HIbemla
100
Home
100
Hope
.50
Lafayette
Merohants'Mutualloo
& Tr.
100
New Orl's Ins. Ass'n 30
Heohanlos'
New
.
.
Ins. Co.. 6<
66
41
3>4
8%
seis
37 >•
32
70
7C
127
70
67 «»
SI'S
102
76I«
80
97 •»
75
55>«
lue
I6I4
28
6
25
100
100 119
23 >•
122~
York.
1000 130
50 ItO
American
American Ezcb...lOO 80
25 150
Bowery
Broadway
25
Brooklyn
17
170
100
20 UO
70 115
100 100
30
Commercial
50,
''ommonwealth. ..lOO 80
100. 200
Continental
50
40 240
{Eagle
162
100 90
Empire City
150
Exchange
30 100
120
50 no
Farragut
30
123
File .Association -.100
97
140
Firemen's
17
jGennan-American 100 300
50 150
Germanla
50 110
iOlobe
25 220
138 iGreenwich
105
100 60
Guardian
15 110
Hamilton
50 110
Hanover
100 130
Home
80
40
Howard
30 110
Jefferson
Kings Co. (B'klyn) .20 ;^00
85
30
Knickerbocker
75
Lafayette (B'klyn) .50
80
100
Liberty
Long Isl'd (B'klyn). 50 90
Manuf. <fe Bullders'lOO no
60
Mechanics' (B'klyn)50
50
50
1141s Mercantile
70
50
Merchants'
Montauk (B'klyn).. 50 83
Nassau (B'klyn). ...50 135
37% 100
National
35 160
N. Y. Equitable
New York Fire. ...100 90
50 160
Niagara
90
25
North River
25 170
Pacitio
85
100
Park
71s
20 170
Peter Cooper
90
50
People's
"is"
55
Pheulx (B'klyn) ....50
25 130
Rutgers'
50 luO
Standard
65
100
SlerUng
25 110
Stuyvesant
25 140
^United states
10 14\
Westchester
WiUlamsburg City. .50 .60
Citizens'
120
TiiirdNat
100
Western Nat
50 110
West Philadelphla.lOO
170
190
130
ISO
1550
Koyal Insurance
40
Alllnnce
81
100
100 110
100
50 125
Bank
5%
33
7«
leo
33 >•
Teutonia
.
I'enth Nat.
21
74
ISS
53
People's
Nat
.Sixth Nat
Houthwark Nat
7»
198
«75
32 Is
56
NewOrl's
70
n4>r
51
.
Bun Mutual
Second Nat
291
isa
London Asn.Corp. 1 2 is
Nat.B'kOermant'n.50
iVut. K'k Republic. .100
National Security. 100
Peiin National
50
Phlladeliihia Nat. 100
265
LIv.
Mertthants' Nat....
Nat. B'k Commerce. 50
Merchants' Mutual. 50
National Fire
10
138
A L. .25
& Lond. dtOIobe 2
North'nFIro* Life..
North Brit. * Mer.8\
Queen Fire A Life.. .1
I.Anca«hlre F.
Z49
280
Ne«v Orleans.
Klghth Nat
267
161
City
Clinton
150
170
100
165
190
120
120
120
110
35
UO
2-25
260
100
110-
125
80lOZ^
316
1<H>
126
250
70
125
140
14»
80
13«*
21a
95
100
91
100
130
80
70lOtt
100
147
no
176
I.JO
170
100
180
96-
180
11060>
»60
11080k
124
168
lea
286
DweUing House. ..100
100
Eliot
1451s 147
15.i
760
t21i>
200
Mechanics' A Tr.. .25 J14.5
100 146
Mercantile
50 139
Merchants'
Merchants' Exch'e 50 110
18
Metropolitan
100
Nassau
50 145
Pofiflp
•
"ii'
Exchange Nat. 50
!f;orn
.Seventh
Greenwich
Hanover
100
N. Y. Nat. Exch'gelOO
Couuty
.100
New York
100
Ninth National
North America .... 70
30
North River
25
OrlenUl
"75"
ids" Nat.B'kN.Llberties ,50
100
155
.
New York
Chlcaso.
Atlas National
IConsnlldation Nat.. 30
100
100
100
100
100
100
Steam Boiler
50
London, Rnac.
Commercial Union. 45
Guardian
50
Imperial Fire
25
Connecticut
Hartford
National
Orient
PhcBnIx
Slateof N.Y
120 127
Tradesmen's
40 102
United States Nat. 100 210
We-tei-n National
U3 96
Flilladelphla.§
346
B'k 01 N. America .100
City National
50
Columbian
100
|Conii!:erclalNat
50 "eo'
luo
145
125
285
I
225
Nicholas
Bid.
Hartford, Conn.
liHtna Fire
100
1 00
100
100
Commonwealth NatSO
76
200
89
48
feventh Ward
Shoe A Leather
152'«
112
100 200
25 110
100 170
Importers' & Tr...l00 310
Irving
50 145
Leather Manufts..lOO 195 205
164
Manhattan
50
Market
100 i'76'
170
Mechanics'
25
10.; >4
1031s 104
289
70
New
B'k of Chas.(NBA) 100 131
First Nat. Chas.. .100 195
People's National. 100
OomTn"rf.(9,l
City Nat
100
FaUs City TobaccolOOl
Farmers' of Ky ...100|
Fanners' & Drov..l00.
100
(German Ins. Co.'s.lOOi
130
100[
1071* (}ennan
German National. 1(X),
131
Kentucky Nat
100
127'« 128
l/ouisv. Banking Co.40
I37>ii 138
Masonic
100|
121>ii
•Vlerohants' Nat. ..100
105^ 106
Northern of Ky ...100
Vii
134
9ai« 100
People's Bank
Second Nat
100
127W l'J8
140I3
Security
100
UO
Third National.... 100
2^1>9 2'.;4
Western
100
127
130
Nenr Orleans.
113
lil
1021* Canal & Bauklng..lOO
10.!
95
Citizens'
100
96
122i« 124
(iermania Nat
100
1161$ 117
HiberniaNat
100
Louisiana Nat.. .. 100
U3>3 114
100
Hu LlOis Metropolitan
9li
Mutual Nat
100
t8
.Sew Orleans Nat.. 100
03
i)4
50
141
143
People's
105 s 107
lOOx
State Nat
222 >fl' 225
Onion Nat
100
140
112
York.
102
100
1021a America
140
American
Exoh'gelOO
I40«s
11714 118
Broadway
25
2^0 225
Butchers'* Drover825
13T18 133
Central National. .100
152
1521* Chase National ,..100
133
25
136
Ohathatn
106 lt'6ifl Chemical
^. ..100
59
100
60
City
162
25
1621s Citizens
100
r-7>s 128
Commerce
14(1
Ul Continental
100
l'i7
128
Com Exchange ...100
ISO's 151
East River
25
153 13 154
'25
Eleventh Ward
IX.T
195
First National
100
126 >3 I '27 Is Fourth National . 100
104
104^ Fulton
30
111)% 120
100
Fifth Avenue
117
1171s Uallatin National ..50
100 ifl 101
100
Gartteld
95
Qerman American. .75
96
102
la7
125
107
130
1'28
American Eiuh. Nat
i
134% 135
Charleston.
Chicago Nat
of KcntuckylOO
ISank of LouisvlllelOO
(Mtlzcna' National. 100
12^
ISO
1271,
100
65
I
Seccind National.. IOC
[St.
200
2.0
191
Hartford.
Kank
Atlantic
Atlaa
LonK Island
37
75
20
Blacks tone
Boston Nat
Boylston
Brooklyn
First National
Fulton
City National
Commercial
Viilley Nat'l
(^iieen City National..
100
50
46
Charter Oak Nat. .100
1-29
100
City
US
Jonnectlout Uiver 50
Far. & Mech. Nat. 100
13
100
First Nat
3:<
100
Hartford Nat
13
MercantileNat....lOO
132
.Vatloual Exchange. 50
128
100
20>i Phienix Nat
100
State
100
anlled States
110
Iiotilsville.
84
U'uk of Commerce.
32
AineHnHn
UwwiiiU
MHiine
142
(KtnaNat
American Nat
100
Frankilu
Oeriiiun
31
57
140
120
Com.
16>« Second National
Com. A Fanners'. .100
.
185
Nat. I.dit..&Bk.of
Bank nf Baliiuiore 100
Bank of Couiiueroe.15
Citizens'
Fourth National
Uorman National
.Market National
Horchants' National..
luOO Void Metroi)olitan Nat
Vi'MCKS.
Baltimore.
Farmers' B'k of Md.30
Fanners' Jt Mercli .40
270
'.
(i;t.)25
Woetaiiio« (K. K.llOO
WlUlm'tlc Linon(Cuy.'5
York Co. (Mn.)
T."!©
170
140
1.^5
First National
iKsnaAMct Btooki.
100
[People's
26
Pheiilx
20
l'roilii(;e BYOhnngo.
Repniillo
100
iPurk
. .
9S
65
174
BaKK BT0< K4.
Ask.
120
245
ILO
Cincinnati.
Wa8liiUKt'u(Maa8.)100
Weed Sew. M'e
Bid.
Un.BtiH^k Y'daNat.lOO
12.0
Tbi>rii(Uku(Ma!<H.)10(M)
TroiiiontAS. (.'.1.188)100
Troy C. <t W.( F.R.i r>0«
Union C.Mr. (K.R.) loo
Bank Stocks.
Continental Nat. ..100 117
10€ 2i0
First National
102
Port Do.irlMirn Nat ..
Hide and Leather. 100 140
.Vfercliants'Nat.. .100 360
160
Meiropolltan Nat. 10<
Na'. Bk. of Araer..l00 l:i7i«
Nut. B'kof Illlnols.lOt 170
.Sorthwestcrn Nat. 100 700
Union National. ...100 185
17
I
ST(JC!K.S
Conclcdbd.
See ^.>te* at Ileal nf Vlr«t Paxa nt Qantadon*.
Bxi>t>tii illi>n<i
70
es
435
AND BONDS—
GBXERA.L QUOTATIONS OF
II
set iK. K.)...l(Mi
Kl. h. lioi<l'ii(F.K.) 100
K..liiM)ii (R Rlv.) 1000
SaKHiiKirp (K. Klv.) 100
5
.
Firemen's
lOo
Manufacturers'. ..100
Mass. Mutual
1 00,
Mercantile P. dsM. 100
Neptune F. A M...10()
North American ..100
Prescott
Shoe A Leather.
Washington
100
100
100
Cincinnati.
Ani:izon(new stock) 20
Aurora
Cinciunati
Citizens'
Commercial
Eagle
Enterprise
Eureka
24
. .
20
25
20
25
100
20
20
Fanners' tns. Co... 20
Fidelity
100
Firemen's
20
Germanla
208
vis
260'
131
124
130
183
.">n
i-noe noin.i at; no .«vo tr.nsaouoiw..
20
Globe
20
Merchants' jc Mauuf 20
50
.Miami Valley
National
100
Security
100
20'
Washington
W.>«r.*m
i
S.'S
Lwt pr.oo this week.
i
unowtlons p >e share.
.1
:
.
THE CHRONICLE.
436
[Vol.
XLV.
1866, upon bonds Issued by the Nashville &
Chattanoo;ja Railroad Company, and deminded interest upon
each instalment from maturity. This company denie I i's
liability, and suit was brought by the Government in 1881.
The case was tried before the United States Circuit Court, at
Nashville, in 1883, and judgment rendered in favor of the
company but upon appeal to the Supreme Court of the
*
*
*
United Stites, the decision was reversed."
In November last the company entered into a contract with
the Tennessee Coal & Iron Railroad Company for the purchase
of their railroad, which extends from its junction with the N.
C. & S^. L. Railway, near Cowan, Tenn., eighteen miles to
the Tennesseee Company's mine=<, at Tracy City, and agreed
to issue and deliver to the Tenn. C. I. Sc R. Company, in payment therefor, $500,000 bonds secured by mortgage upon tbe
property purchased.
The company took possession of the
road November 1st, 1888, and the surplus for the eight
months, after paying all expenses, interest and t^xes, has been
$9,253, which would indicate that, with the other advantages
derived frorii the possbssion of the road, its purchase was a
judicious invfs'ment.
The Huntsville extension from Elora, on the Fayetteville
and January,
Iwucstmeixt
AND
1
;
The INVESTOKS' Supplement contains a complete exhibit of
the Funded Debt of States and Cities and of the Siocks and
Bonds of Railroads and other Companies. It is published
on the last Saturday of every other month—viz., Jaimary,
March, May, July, September and November, arid is furnished without extra charge to all regular subscribers of the
Extra copies are sold to subscribers of the
CheonicIiE.
Chbonici^e at 50 cents each,
and
to
others o' fl per copy.
ANNUAL REPORTS.
Cincinnati Indianapolis St. Louis & Cliicago.
{For the year ending June 30, 1887.^
The report of this company for the iiscal year ending June
30 has just been issued, and it U one of the railroad documents
that presents an excellent exhibit for that year. The company
has been prominent for its success in negotiating the new 4
per cent bonds to replace the old seven per cents maturing,
thus making a large saving in the annual interest charge.
The r. port of President M. E. lnj;alls in full will ba found on
a subsiquent piste of the Chkonicle, under the title "Reports
and Documenis."
The comparative statistics of operations and incoaie, and
the balance sheet, for four years, have been compiled for the
Chronicle, as follows
OPEItATIOSS AND FISCAL BESULTS.
Miles operated...
Oljevuliuns—
Passenger mileage..
Eute
\: p:iS8. p. luile
Frelglit(toi)s)mn'.i;e.
Av. rate p. toil p. in.
1885-86.
1=86-87.
313
343
^^98
35,808,500
$
$
833,C66
Mail,expr's,r'nts,&c.
Tot. gross earn's.
ta'.es.
ik
1884-85.
343
35,744,758 35,812,992 33,778,236
2-32 cts.
2-22 cts.
2-29 ets.
2 --'8 ets.
139,936,023 174,608,590 172,841,637 207,270,762
1-09 cts.
0-83 cts.
0-85 cts.
0-84 ete,
Barniiigs—
Passerger
Freight
Oper. exp.
1863-84.
Net earnings
P.c.otop. ex. toearns
Net earnings
2,595,8."9
1,660,181
903,190
63-85
935,678
6j'9j
INCOME ACCOUNT.
1833-84.
1884-35
603,190
Dishursermn ts —
Interest on Ijonda
Dividends
. .
Rate of dividends
2,498,589
1,593,399
.
Miscellaneous
S
$
793,553
1,543,129
257,177
1,439,548
225,975
935,678
729,531
256,498
773,146
1.744,830
224,916
2,520,934
l,540,o6i
2,752,892
1,700,596
986,872
60'94
1,052,296
1,540,>I02
6177
1885-86.
1886-87.
98ti,872
1,052,296
626,233
624,482
624,234
210,000
643,267
312,500
5;254
29;6Y5
^HbM
''M^
Tot. disbuisem'cs...
631,487
653,527
853,078
271,703
232,151
133,794
GENERAL BALANCE AT CLOSE OF E.VCIl EISCAL TE VR
991,3-19
Balance, surplus
AssetsER. and equipment.
Sundry securities...
Bond ledempu, Ac.
Materials, <kc
Sundry i-.ecounts....
C'aahonliaud
lAabitilics—
Stock
Fuiided debt
•Stock EUbseriirtion..
3iil8 payable
Accounts p*j ablet..
Unpaid iuietest, &c.
S^mdr.v accounts
Prollt
and
loss
Total
'
'^^1"^^-
^T"^*'
60^947
1836-57.
^^t^^-
13,898,461
1,321,215
13,235,634
1,847,356
13,272,936
1,885,006
92,195
581,491
34,154
41,768
'b^h'h^
ivt'iti
614,4-.;8
11,827
712 054
38,2»8
'liij^-q
5,927,516
15,751,013
16,036,081
19.527,570
7,000,000
7,445,500
7,000,000
7,430,000
7,000,000
9,035,750
1,851,060
132[8i;9
224,755
66,115
127,278
1,157,933
310,781
49,429
58,671
1,218,881
13 497-110
Sljq.i^o
I'ficinijo
'l45'748
IS
7,000,000
7,454,500
469.218
210,817
57.505
110,128
625,348
58,288
93,258
1,024,139
15,927,516
16,754,013 16,006,031 19,527^5^2
items are: Advances, $527382- hiiia v„,,
i.
"^*''^®'
«37«,142 due from sundry persons and comiranles S386
i'jod,i5o /.
t Includes June pay rolls and supp ies.
•Tli-i principal
,-.
SW
;
Nashville Chattanooga
&
St.
Louis Railway.
CFor
the year ending June 30, 1887.^
The statistics for the year ending June 30,
1887 were
Curiiished the Chronicle at an early date and
nubliRl.pii in
the issue of August 20, on page SSO."^ The
aZiarreportlus"
'cpuri juai
out has the followirg remarks
:
The
increase in floating debt was incurred by
payment of
claim of the United States for $153,e00
past- due
which was hereto ore included in interest liability
anno;
advances to b.uld branches, upon which bonds
1
';
0^™
wi 'b^^sued
^y^" '"^'^^ '^'e completed
IS,J°7"''^',°*''h'
bonds have already r''^"
been placed at a very eatisfaornrr These
t.i^
realizing above par, and the amount
rec'fvedn,?»n ^.1°?'
delivery will reduce the floating debt
toTss than'^lsoo OM
winch amount is account, d for by advanrps. m„ri?
.u'
Duck River Valley Railroad CompaVfJ const," tfnn nf J?^
extension from Petersburg to Fayettpvn?e for ih° PM'"'
company holds $144,500 D^ick Rirr'^alle'y R^
and by ihe cost of seven and a half shares in i^radtuds'
of the
Westprn & A.Un-vc Railroad, after deducting
divfdendVre"iviaenas
received from this investment.
'• In
1880 the United States presented for
payment
counons
amoimtffig to 11-53,600, which matuied
'
K
between July,
-°
Branch, to Hun'sville, Ala., was begun about March 1st last,
and the track will be completed to Huntsville during October.
The road is 26 8 miles long, making the distance from Nashville to
Huntsville 130 3 miles.
The Jasper branch ha? been extended from Victoria
to the
Whltwell Mines, a distance 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 20O to 300
tons of coal per day. It was thought to be the interest of thu
company to further extend the road up the Sequitchie
Valley about 14 miles to Dunlap.
The Bjn Air extension of t:e MoMianville B.'inoh from its
t rminus at Sparta, Tenn., six and three-quarter miles to the
coal fields of the Bon Air Cjal Compmy, at Bon Air, will ba
finished in
December
next.
Surveys have been made looking to the extension of the
Centerville branch from its present terminus at the Lewis
County line southwardly about eighteen miles to extensive
iron ore beds and timber lands on Allen'i^ Creek.
"In October, 1886 the directors felt justified, from the
earnings of the road, inccm nencing the payment of quarterly
dividends of one per cert upon the capital stock. This has
been regularly declared since, and, vcith the present receipts,
can bo continued and the floating debt liquidated in a short
time."
GENERAL INVESTMENT NEWS.
Railroad Net Earnings.— The following table shows the
latest reports of
net earnings not heretofore published.
Anyust.
1887.
1886.
Buff. N. Y.
Canadian
<fe
Pliila.Gross.
290,012
Net...
911,159
Paciflc... Gross. 1,055,170
Net...
Cleve. Col. Cin.& In.Gross.
Net...
Det. Bay City & Alp.Gross.
Net...
Ft. Worth
*Gi-.
A-
Jnn. 1
1887.
(o .d !(«.
31
,
1836.
$
Kninc of Itmd.
Denv.C.Uroes.
386,411
437,191
186,736
52,805
20,786
68.039
Net...
;-3,883
E ipids & Ind..Gr.iS3.
286,966
110,866
139,087
21,584
257.734
74.710
922,133
380,032
4'i8.s33
180,232
37,5^9
15,728
242,479
1,807,100
363,7^0
6.841,202
1,718.935
2,861,902
1,054.203
322.864
150,230
426,656
l,70i,080
334,870
6 030,823
174, 7J1
90,153
1,5«2,48S
l,8?8,9-9
6.9,(37
1,024,125
2,131,8f'9
2,575,897
883,601
24-',63G
Net...
91.3ii9
498 502
Gross.
119,3^5
8 9,844
Net..
.,'6,183
175,:-i87
202,532
N.Y.L.E.& West. .Gross- 2,180.67n 2,051,(95 15,758.180 14.494;iil
Net...
611,768 573,093 4,494,968 3.982, '.578
--— - ~ 2,6;a.0b9 2,515,373
K93,854 371^1,513
N. y. & New Eng Gross.
164,((!0
Net...
157,490
84.', 266
859,>;60
178,171 146,660
996,712
N. Y. Ont. & West. .Gross.
879,350
56,851
Net...
42.880
164,764
115.6:0
4'i,267
32,369
N. Y. PliU. & Norf.. Gross.
340,033
281, 365
Net...
9,062
5.582
62,440
45,793
335,032 287,407 2,5: 9.530 1,993.076
Norfolk & Weotern. Gross.
Net...
16«.615 122,919 1,023,992
782,129
Northern Central. .Gross. 608,fi28 502.027 4,226.557 3,533,889
Net .. 214,102 1!'8, 31 1.663.319 1,219,868
Northern Paclflc. Gross. 1.299,586 1,226,;:5S 7,919,316 7,316,641
Net..
601,900 658,953 3,062,329 3,31)3,726
Pennsvlvauia
Gross. 5,022.012 4,'^85,3;)0 36,047,106 32,192,231
l,907,fi3C
Net...
1,905,045 12,365,460 11,155,297
25,'.37
Gross.
Petersburg
27,589
9.298
Net...
10,222
Phila. &Erie
Gn ss. 331,051 340,521 2,632,428 2,340.728
Net...
141,554 1.089,»94
146,761
966.617
Phila.& Reading... Gross. 2,055,764 1,801,207 14,034,>il9 12,300.227
Net... 1.127.465
700,029 7,2^9,928 4,901.118
Ph.&R.Coal&Ir.GrosB. 1,979.716 1..501, 421 ll,404,i0l 9,229 60t>
Net...
233,-273df. 18 1.541
656,l'i2df. 1533.254
Richna. iScPetersb... Gross.
19.131
17,337
Net...
8,00t>
9,652
^
JulU,
r-Jan. lloJtdy 31.^
1887.
1886.
1887.
1888.
Kame of Jtoad.
aa. lud. St. L. & C. Gross. 214,3-4 213,631 1,500,111 1,416,199
Net...
86,067
85,435
574,279
512,731
Memphis & Cliarl.
*
. .
All lines operated.
Alabama New Orleans Texas &
Paciflc Jnnction Bnilextraordin iry 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 H-tbilities, continue its business, and that if is advisable to
wind up the same voluntarily. It was proposeJ to appc.int
aa liquidator Captain Franc's Pavy, who has already teen
appointed Receiver on behalf of the di benture holders.
circular to the fhareholdeis Btated that the company was
unable to meet its maturing coupons.
ways.
— An
A
.
OcrOBKR
Ilnffiilo New V«rk A rhHadelplila.— The grow and nee
earnJKKa for August, and from Oot, 1 to Amgust 81, were as
follows
Or^ 1 lo Aug. 31.
AiwHit.
—
:
.
,
<ii„s« <MiinlnK«
Ol-erutiuK tximns.*.
—
.
188n.
1f»S7.
18>;:>-«.
18-(i-7.
fJOO.OlZ *ift7,73i
190,^53 183,024
$2,4:t7.i»rttl
2,034,002
$2.;!<'(>.4J5
$74,710
$103,964
$.-.lJ,S73
1,817,717
4'iT
Clneinnatt Indlanapolin St LanU * ChlenffO.—Th« icroM
and net e<irniDgs and (tha'-gca for July, the Rrat month of the
llscal yettr, wvre aa below given:
Central low*.—The sale of the Cfntral Iowa main line
iind< r foro' Uwurv h88 been postposfd until October 80 by the
Masier. C<mf«ir*>ncr« are beinx held betwet-n the oppoaint?
intereatBoonti'olling the tir^t mortgaire bonds, and thu opinion is «'xp^e^*»^l that a mutual understanding will be reiched
before the day of sate.
Chester Valley. —There was a hearing in Phila'ielphia
before Special Misier DalUs in the iuattpr of the petition of
Col. Jamea Boyd, trustee of the Chester Vallev Riilroa'l first
ihe road wittioat resorting to forecloaufe.
8» 11
He was ^vrn ptriuission without ol>jection to exercise such
powers as were vept« d in liim by the mortgage.
Chiea^ Burlington & >iorthern.— A, Chicai^o dispatch
says that the Supreme Court of Illinois ha'^ just given a
decision agiiinct the company in the case involvinx its right of
wiiy lietween Duluth and Galena. This decision will necessitate the Ki^'ioK up of 12 miles of track over the Illinois Central
Northern ro*d
road and wliich oat the Chioa«o Burlington
over |iCX),O0a. The ofHoials of the latter road say, however,
that if a rehearing of the case is not granted tbey will build
13 miles of new track on their own right of way.
&
Cinelnnati Hamilton & Dayton.— In the proceedings before
the Ohio Court le^jarding the appointment of a receiver for
this company the following abstract of ac:ount with H. S.
Ives & Co. fiom Aug. 12, 1886, was put in by F. H. Short, the
Assistant Treasurer.
Deposited by Assistant Treasurer, 1886, viz:
August 12. ou oueiilug of iiceoiuit
$225,00)
Kemitlance euimrv tiiDca to date
381,7v:4
BasteindrdftsooUected
159,174
UpanttlnKexpcnaea and taxes
Flxed'Obargi's,
drawn by
Assistant Treasurer, viz:
$395,010
dividends due May 1, 1987
790
transferetoCin' liirati banks
235,000
arcouut pmoliasfiT. H. & [. stock
127,500
atKi drafts
Bmip<'nfl
clitiiu C.
H.
.« I.
&
RR
guarantee f. R.
Fort
Wayue
Emery
1.^,487
interest
5,'.!78
Iron Co., stetl tails
voiubers, ao<"i uut tqiiipinent
current vouchers, supplies
«.:anil)rla
67,t!S»3
248,619
70,324
$1,243,975
$453,074
Total
Excess of eliecKB and drafts over
Ills
depositi
Proceeds of bonds and stocks sold in
New York and
ited there:
63 O. H. A D. bnndp, 5 percent
2,000 C H. & D. 41a per cent
65 Cincliinull hiolimond & Clilcaso RR
4,782 shares Cincinnati Hamilton & Day. common stock
28
2,0U0
do
do
Day ion
& Michigan
do
do
do
do
deposS'?0,75R
1,342
68,250
!i,01
C^l,Gt;6
3,500
75,000
...
stock
Total
$2,850,511
Commission paid for sale
Paid on ICmery'B claim
of
$150 000
bonds
SO.OOO
W.N.Cromwell
25,00U— 225,000
& Co.
Excess of checks and drafts over Ives
deposits
453,074
Interest
$2,172,433
31,04S
».
on current account
AugnstIZ, 1887, balance rtne from H. 8. Ives &Co
$2,203,482
for stock and bonds and tuterest, as above
2,881,557
Aniomil received ou account of same, viz,, excess of checl^B
and dratr 8
$453,074
Paid by President and Treasurer
225,000— C78,074
The defense fileu the balance sheet used as evidence, which
contains only the old issue of f l,000,liOO preferred stock and
nothing of the new issue. The totals are as follows
:
Llabllitia.
4 ssits
Construction...'
Eqnipiiifnt
R-al estate
.'.
2d mort. bonds
Stock
Stock preferred
Coiisolldiited bonds...
Surplus eaiulnRS
$4,357,322
2,407,52"
74«.4(!7
27:i,20»
1,717
SMppUes. &P
nuelTuble
BiliH
$2,OOP,0'"0
4,"C0.00O
l.Oi o,i>(mi
2.m»i.000
3,7H!> 05;!
R AC. RR.
V.
C. R.
857,816
23 t .^i>
12 293
353,790
D.
7ii6.tiH6
239,814—
Dividends uupald—
Stoclisaiid loi'ds
Due from rallioad»,&e
Due from
U. S. P. O...
A Ft. W. KR....
M. I.essots
C. H &!. RK
R. A.-R. TniDsrerCo...
Dui- Irrm ^igeiiis, &o..
Toledo EUvtttor
Cash and fa-h assets.
.t
Henry 8.
I
-cs &. Co.,ir.
i. & C. J£ I). RB
fiuiplusof ai^Bcts
Coupons uni'aid —
1 ,
Due
$14,087
Aeiru'd, not
due
1,451.616
Due
li;,750
200,4d3
6 •'.857
Accru'd, not
vine
182,850—
rai!ro.ids, Ao
2.359,817
89.500
i.
7,.500
4,C67,y41
Due
130.181
112.1T9
I.lma shop
.Accounts payable,&c.
7J9
382,276
eu.ouu
Bills payable, dio
Assetsover
.
$14,910,51.9
283,901
$?,e31
Total— Cr
Total assets
2liH,-i\i'.
!
$14,040,- 2!)
liab'ltles
Net liabUsitle
ItMi.^rO
47,0^5
» 17,734
r<9;64»'
follows
Avgia'.
18S6
18S7.
,
Oross eamlnipi
Operating expenses
Net earnlnits
.
.
$437,1!>1
2.50.455
$i(M.'i3=t
$1'«C,738
$|k0.232
08..591
Interest, taxes, etc
Jiin.llo Aiwnil 3',—^
Ix8«.
1887.
f\9(:i,f)02 *.'.575.nna
228,306
1.807.61)1)
1,>02.292
$-«3,60t
0:>,7C4
51.203
517,b78
$IM.5a'*
22.o20
7.209
9.5n«,'25
•4;6.7b7
$331,0.59
«t9,:33
$187,451
*1,'
$118,115
lialonoe
Additions to property
$l:0,9i5
Balsnoo
$87,902
,'152.
515
J43,f08
•This Item Includes $3«4,no2 spniit for n^vc cam, $13,2}0 for
engines and i|ll9,535 for purchase of real estate.
new
Fort Worth & Denver Cltf.— The trross and net eamiAg*
August and from Nov. 1 to August 81 are as followAngusi.
.Vor. 1 to Aug 31.^
for
.
18S7.
:
—1886-7.
.
.
1888.
Gross eanilD«rs
Operatlug expenses
$«8,039
31,156
$37.S')9
$523,382
21,873
.9,525
18S»-6.
$119,511;
204,540'
Net earnings
$33,«63
$15,723
$228,857
$lll,'i7l
Houston & Texas Central.— It is reported that the several
interests have been in conference, and have substantially
reached an agreement which will shortly be made public.
New Albanv &
Louisville
work ou
its
new
line
Annual.
1887.
.
at
ia
and net earnings for
1
have been as below
1886.
1887.
$lU9,(iS7
'117,'.03
$110,375
73,192
$^66,984
190,427
Net earnings...
$21,584
$46,183
$76,557
1886.
$214.8'i8
148.065
$66,773
Spent $22,000 for new equipment,
—
Mexican Central. The payment of subsidy to this company was suspended June 31, 18H5, and resumed at a reduced
rate July 1. 1886, and has since continued in accordance with
the agreement which was embcdied in the law of June 80,
1886. The collections up to the present time have been as
below :
To July 1,1885
1886, to Dec. 31,18-!6, at % per cent
1897, to JuueSO, 18S7, at 1 percent
July. It87, at 2 percent
August (so far as hcaid from;, at 2 per cent
July
Jan.
1,
1,
Total
New
York Lake Erie
& Western.-The
grojs
$3,724,0-5
58.457
82,784
28.342
27,000
31
$3,S20,GI
93
•
40
90
32
00
and net earn-
ings for August and from Oct. 1 to August 31 were as follows,
O.,
including 68 p. c. of the earnings of the N. Y, Penn
the other 33 p. c, being paid as rental
s
Oei. I lo Aug. Z'.
-August.
&
.
1886-7.
1386.
Gross eaminirs
Operating expeus.
1, 13.907
$611,768
lP8.i-6.
1.473,602
15,55 j,563
$2 21 0,171
H,47^,050
$573,093
$-,4b7,lb7
85,7f2,l'.l
$2,1hii,C75 $2j051.«C5
$22,026,699
1
Ontario & Westerc.— The grois and net eaniings for August and from October 1 to August 31 have been
New York
obtained for the Chronicle as follows :—
Netearnlnss
^Ort
Angttit.
.
1887.
Grose eamlnps
$178,171
Operatlnc expenses.. 121,320
$o6,851
1886.
$'.48,659
to
1
Aug. 31.^
1886-7.
l(*»5-8.
103,780
$1,323,8:1
1,122,53a
$1,360,952
1,171,368
$12,879
$201,268
$189,384
Northern FaciBc—The gross and net earnings for Aug.
and for two months from July 1 have been .as follows
.-2 Mm. July 1 lo Aug. 31.—
Ana
:
.
.
1887.
Gross earnings.. $1,239,586
697,6SO
Operat. expenses
Net earnings.. $i)01,»06
Land pales 87,817 acres
&c., 1342,883.
1887.
1886.
^'^^^u.
$2.32<I,884
$1,226,358
$2,502,163
i.67,405
1,.'5*,53S
l,132,"o4
$65i,953
$1,117,624
$1,193,480
amount of
sales including
town
lots,
Pennsylvania Railroad.-The gross and net earnings for
August and for eight months, January 1 to Autrust 31. w.Te as
below stated.
On
the lines west of Pittsburg
&
Erie
I
he net
result, after payment of interest and all charges, is >h •*a la
the 'second table.
UNCS EiLST OP PirrsilUBO AND aBI«.
-*
-.Vel Sar^tiffff.
arou Eartiing*. —
1^-6
1887.
ia>6.
1887.
$7.«:0
6Ji
8.7<»4.383
Jan.l to June 30 $26,370,724 $2<.25M'!I
I ..SS(1,6S8
^.«7.^.^4l
.t,356.«77
4,654.370
July
I.UO5.045
1.8U7,)3d
4.5So,3l)0
5,02i,01 i
Au.ifuat
.
—
4,o67,'.'41
910,$7>!,5;S
:
--2 m't. July 1 to Aug. 31 .—
.
....
Gross earnings
Oper. expenses
*
grofs
two months from July
for
—
This railroad
to Brazl, Ind.
Chica?o.
from Bainbridge
Memphis & Charleston.—The
Amount
FISA.NCIAL EXHIBIT CIXCIVSATI nAMI[.70N <* DAYTON RAILROAD
COMPA.SV TO .lUNE 30, 1887.
»m,0fl7
'M.'ii'i
Sarptus
Net earnings....
Balarce
Add
lyS.ufil
»;,.
1887.
$2,62.5,511
l«»«.
»2n,63l
13\'U7
,
leu mlscellBaeuUR locoiae
$700,598
Checks
For
For
For
For
For
For
For
For
For
"
i|214.3«4
ClATeland CnlninhKs Cincinnati & InitianaiiolU,— The
eamiugs, cxiiensef, &c., of thia rojd for AuKUSt ."ind for eight
motitha, obtained for publication in the Curonici.i;, were an
August and
Total
"
""iB^"
GroM eonrtmtn
Setearnlnits
$J9,159
Net ciini:n«8
morttjane, to
%v
THE CBRONICLR
U8'.]
1,
—
»
:
.
Totals months $36,047,100
$32,192,231
$l2.-'65,460*:i.-5».TOT
"
:
THE CHRONICLE.
438
LINKS WK8T OF PITTSBUBO
Xcl
turpltit or deficit after
1887,
Jar, 1 to June 30. Sur, $410,.18t
Sur.
87,008
July
Sur.
August
Iota), 8
282,455
mos... .Sur. $779,947
ct
XLV.
ERIB.
payment of
charges.
1886.
Dijff.
in 1887.
Gain.
Loss.
Gain.
$925,407
262,508
78,6S1
Def. $173,764
Gain.
$953,711
Def. $514,923
Sup.
Snr.
[Vol.
KEPORT TO THE STOCKIIOLDEBS OF THE
175,.';0'>
2u3,b04
CINCINNATI INDIANAPOLIS ST. LOUIS & CHICAGO
RAILWAY COMPANY,
For the Year Ending June 30, 1887.
The gross income of the Company for the fiscal year ending
Philadelphia & Keading.—The gross and net earnings for
August, and from Dec. 1 to August 31, have been as below
The net earnings of both companies aggregated
given.
June 30, 1887, was two million seven hundred and fifty-two
11,360,738 in August, 1887, against $578,488 in August, 1886;
thousand eight hundred and ninety-two dollars and sixtyfor the nine months, net in 1886-7 were $8,553,753, against
^4,018,071 in 1885
6.
RAILROAD
CO.
.
,
Qrora eaniings
Operating expenses..
928,299
$1,127,163
Net earnings
COAL &
1,011,177
.
8,377,107
7,693,412
$760,030 $7,918,219
IRON CO.
.^9 mo».,Dec.l
August.
1886-7.
1886.
1887.
$1,979,716 $1,501,421 $12,716,726
Orosa earnings
1,682,962 12,112,193
Operating expenses 1,746,413
.
A
Kfli. 3 1 .^
^9 m->s. Dec.
August.
)8s5-6.
1896-7.
1886.
1887.
$3,055,761 $1,801,207 $15,611,631 $'.4.(109,002
1 to
$5,631,393
to
Aug. 31.^
seven cents ($2,753,893 67), The cost of operating the Railway was one million six hundred and forty -one thousand six
hundred and eleven dollars and twenty -one cents ($1,611,611 31), leaving a net income of one million one hundred and
eleven thousand two hundred and eighty-one dollars and
forty-six cents ($1,111,381 46), out of which interest, taxes
and dividends were paid. Four dividends were paid upon
the stock, one of 1 per cent and three of 1)^ per cent, aggregating
i%
per cent.
18S5-6.
10,r,7t.917
The amount charged for interest is very large, for the reason
12.188,740 that as old bonds were taken up in the refunding operations
alluded to hereafter, the interest to date was charged up,
Net earnings.... $233,273 def.$181,541 $634,533 def.$i,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.TI
Notwithstanding this there was a very respectable balance
pay the October interest on the $10,000,000 improvement loan
due October 1. They will also purchase interest on the divi- left after all payments, which has been carried to the credit
sional coal mortgages on and after October 10 as follows
of the profit and loss account. The percentage of operating
Swatara at 6 per cent, Houtz, Meyer & Kinnear at 5 per cent, expenses was 59 •63,
"Salem Coal Company at 4 cent, Summit at 3 per cent.
The results for the year are very satisfactory. We have
The only obstacle that appears to stand in the way of the had fair rates and a good volume of traflio.
Beading reorganization now is the holding out of the owners
The policy of the management in the past, to furnish the
of some $4,300,000 of first series fives, who demand par for public th^ safest and best accommodations possible, has been
their bonds. It seems probable that some method of com- continued.
promise w ill be arrived at,
The contract for replacing all the woolen bridges of the
Rome & Decatur.—The Daily Commercial Bulletin says main line with heavy iron structures, that was manti ined in
" When the firm of Grovesteen & Pell failed they had on hand the last rep >rt, has been nearly completed. A smiU portion
$625,000 worth of the Rome & Decatur Railroad Company's will go into the present year.
Sixty-nine hundred and seventy-six (6,976) yards of heavy
first mortgage bonds, and 3,338 shares of the same company's
stock, of a nominal value of $333,800. The Rome & Decatur masonry have been built to take the place of that which was
owns the right of way from Rome, Gi., to Decatur, Ala., old and li»{ht.
Nineteen miles of 56-lb. steel has bean taken from the
though its route between these two points is not a direct one,
except from Rome southwest to Gadsden, Ala. From Gads- main line and put on the branches, and new 67-lb. steel laid
den the line is irregularly laid out, taking in Atalla, Gunters- in its place. Wharton switches have been substituted for the
ville and other minor towns.
The total projected length of old ones as fast as they needed renewing.
The plan of reducing grades and curvatures, wherever it
the road is 135 miles, of which 61 miles from Rome to Atalla
have been completed during the past summer. The remain- could be done without too great expense, has been followed.
Sixteen thousand nine hundred and thirty-eight (16,933)
ing 74 miles are now surveyed, and it is thought will be soon
completed. Meanwhile the question is being agitated both cars of new ballast have been distributed along the line.
Two new postal cars, four locomotives and two hundred
here and in the South of what will b- come of the company's
securities held by Grovesteen & Pell, which are sufficient in freight cars have b;en added to the equip nent. 4
Tiie double track west from Cincinnati has been extended
amount to carry with them more than the balance of voting
power, and to give the management of the road into the hands three and a half miles.
New side tracks to accommodate the business and faciliof whoever secures them." * » * "The only ro ids to whom
it would set m that the Rome & Decatur would be specially tate the handling of trains have been put in at various points
valuable are the Georgia Central and the East Tennessee Vir- along the line, aggregating altogether thirty thou -and six
ginia & Georgia division of the Rchmond Terminal system. hundred and eighty -one (30,681) feet, or nearly six miles of
The Western & Atlantic, which is under Georgia Central con- track.
trol, alreacjy has a line been built from Kingston, Ga., about
The number of miles of railway operate! by the Company
ten miles we^t to Rome. Could the Kingston line control and during the year has been 413 6-10.
complete the Rome * Decatur it would be able to very sucThe earnings reported are for 293 miles only. The Kancessfully compete in the matter of distance with the more kakee and Seneca Railroad, 43)^ miles in length, is owned
roundabout lines from Atlanta to Dacatur.
jointly by this Company and the Chicago Rock Island &
Shenandoah Valley.— The time for the deposit of general Pacific Railway, and its earnin.^s and accounts have been
The earnings of the Vernon Greenskept entirely separate.
mortgage bonds has been extended to Oct. 15.
burg & Rushville Railroad, 45-6 miles in lengtli, in previous
Stock Exchange— yew Secarities Listed.— The Governyears have been included in those of our main line, as our
ing Committee of the Stock Exchange have added the followCompany had a five years' contract to operate it. On the expiing securities to the list
last October, a new arrangement was
NoRTHEBN Pacific—First mortgage sinking fund 6 per cent ration of this contractwas
operated by this Company for the
made, by which it
gold bonds of the Helena Boulder Valley & Bulte Riilroad
account of the bond and stockholders, with separate accounts,
-$260,000, mat ing the total listed to date $600,000.
United States Express Company— $3,000,000 additional Our Company owns all of its bonds and over two-thirds of its
stock, but its earnings and expenses were kept seperate, to
common stock, makmg the total amount listed $10,000,000.
Shenandoah Valley Railroad — $4, 1 13, 000 of the engraved satisfy a minority of the stockholders. Since the first of November it has just about earned its operating expenses, the
certificates of the Central Trust Company, representing the
advantage to our Company being in the business it gives us.
general mortgase 6 per cent bonds of the railroad.
The Columbus Hope & Greensburg Railroad, 2Qj>4 niiles in
St. Paul & Northern Pacific Railway -$300,000 addilength, has always been operated by our Company for the
tional general mortgage 6 per cent bonds, and the registered
benefit of its owners, with separate accounts, all of its bonds
certificates into which they any be converted, making the
and nearly all of its stocks being owned by this Company.
•total amount listed $6,300,000.
Chicago Rock Island & Pacific Railway— $1,100,000 first The only way that it affects the statements hererein is in the
mortgage extension and collateral five per cent bonds, making fact that its net results have been credited to the earnings of
our Company.
the total amount listed $13,960,000.
The gross earnings of the Kankakee & Seneca Railroad for
Philadelphia (Gas) Company— $1,000,000 additional capithe year were seventy -three thousand five hundred and ninetytal stock, making the total amount listed
$7,500,000.
two dollars and forty-six cents ($73,593 46); of the Columbus
New York Texas & Mexican Railway—
$1,442,500 first
mortgage six per cent gold bonds (reduced to four per cent Hope & Greensburg Railroad, thirty-three thousand five hunand 80 stamped), to be known as "New York Texas & Mexi dred and eighty-three dollars and sixty-nine cents ($33,583 69);
can Guaranteed four per cent bonds," The six per cents of the Vernon Greensburg & Rushville Railroad, for eight
montlis, twenty -two thousand four hundred and twenty-six
were stricken from the list.
Adding this to
dollars and ninety-two cents ($32,436 92).
»
Wabash.- It is reported (by Kiernan) that the Wabash the income reported, two million seven hundred and fifty-two
matter is practically settled, and that the first and second thousand eight hundred and ninety-two dollars and sixtymortgage bonoholders' committee have agreed upon a plan seven cents ($3,753,892 67), makes two million eight hundred
satufactory to both partifs. This contemplates the is^ue
of a and eighty-two thousand four hundred and ninety-five dollars
first mortgage 5 per cent bond on the whole system
east and and fourteen cents ($2,883,495 14) as the gross income of the
—
:
:
_
west of the Mississippi River to pay oflE the W^baeh firsts and
Great Western firsts; also a second mortgage 5 per cent bond
on the same property to take up the Toledo & Wabash
(wonds, Great Western seconds consolidated and the 7s of
two,
entire system.
A contract
was made
last spruig
for building a
new
line,
one mile in length, at North Bend, thus taking out considerable curvature and grade, and avoidingthe only tunnel on the
lii e.
OCTOBKK
1.
1887.J
This improvement
J
is
THE CHRONICLE.
expected to cost about one hun<lred
now well under way.
and
was also iriad(> to parlicH proixwiuK to build a
railway from Lawroncoburgonourline to I^miavillc, by which
tlioy agrood to construct tho jiortion of the ri>ad from Lawrenceburg to Aurora (about four miles) th's sumtuor, and give
the business to our Company.
This part of the lino is nearly
flniahed, and will be a valuable f«ieder to our road.
I-ar);i> sums have been expended durint; the year for lands
ill ihe cities of Cincinnati and rndiana|)olis, and along the line,
iccommodate the future tralHc of tlie road.
iiir trains have been managed with their usual regularity
hI freedom from accident.
Our arrangements for traffic and business with other lines
have remained mutually satisfactory, except as to the Terre
tliousiin<l dollars ($100,0011),
A
i.s
loan
'
I
&
Haut<'
Indianapolis Kailroad.
The new nianagement of that company threw off our trains
for St. Louis, but as tho Indianapolis
St. Louis at once gave
us as good service, with more business, we were not troiibled
&
except by temporary annoyance.
This would not be alluded to here at length, excejpt that
some of our stwkholders liave thought it was a serious blow
to our business, when the fact is we always gave that Company much more traffic than we received. This of course wo
can control, while the Indianapolis & St. Louis liave a much
better local lino, and consequently have more paying traffic to
give 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
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 consists of 391 miles of main track, 8 miles of double track, and
105 miles of sidings; or 504 miles of track altogether, with its
depots, stations and lands; 81 locomotives, 90 passenger, parpostal and baggage cars, and .3,253 freight cars.
The total tons of freight carried one mile during the year
was 207,370,763, an increase over the previous year of 19 92-100
per cent. The rate per ton per mile was 84-100, a decrease of
•100 from the previous year. This largely increased tonnage
was handled without any increase of mileage of freight trains.
The number of passengers carried one mile was 33,778,236,
an increase of 6 17-100 per cent; while the rate received per
passenger per mile was 2 38-100, a decrease of 1-100. The
earnings per mile from all trains on the road, freight and passenger, was i|l-61; from freight trains alone, |;3-12 from
passenger trains. H'll.
This includes commutation and
lor, chair,
;
branch, as well as through trains
In the last report the refunding of the old bonds was
alluded to at length, and the fact stated that one million of
new four per cents had been sold. Some months thereafter
two millions more of the new fours were exchanged by the
Company for an equal amount of old bonds. This left about
seven millions of old bonds outstanding. In February last a
contract was made with Urexel, Morgan & Company, of New
York, for themselves and friends, by which they undertook
to make the exchange and conversions as the agents of the
Company for a period of five years. This is a very valuable
contriM;t for this Company, as the high credit and financial
standing of that house insures its successful completion,
therel)y reducing the fixed charges of the bonds and also
giving great strength to the proposed new four per cents.
Although this contract was not made imtil late in February,
the conversion ha.s been pressed with such success and rapidity that at the writing of this report it is substantially completed.
Five million three hundred and ninety-eight thousand of fours have already been issued. There are two
millions of the old bonds that are still outstanding that fall
due within the terms of the contract with Drexel, Morgan &
Co. and which are therefore sure of being exchanged into
,
fours.
There are eight hundred and fifty-seven thousand of sixes,
which are being rai>idly exchanged for the fours, as the Company has the right to call a certain number each year at 105
for the sinking fund, and this renders them an undesirable
bond for investors to hold.
This leaves only one million and three-quarters of old bonds
out, which are of different issues and due at different times.
Each month they are being exchanged by the holders, who
find it desirable to get a long bond with interest payable in
gold, and that is marketable.
The large premium which they receive for the conversion
_
IS also an additional inducement to make the exchange.
The Company has on hand in loans and securities that can
be converted intt) cash sufficient funds to pay the premium
and commission on a 1 outstanding bonds.
Its income from loans and investments will more than pay
*' - excess
of interest on the balance of the old bonds outling, .so that starting with the present fiscal year the
npany has only to provide out of earnings of the Railway
Its entire interest, four hundred thousand dollars
(|400,000)
annum.
The balance of earnings can be divided among the stock-
nolders or used for improvements, as may be determined.
may therefore congratulate the stockholders that the
refunding operations, so far as they aflfect their income, are
substantially and successfully concluded.
To provide for the premiums for this exchange, and the
purchase of lands and equipment, and the payment of necessary improvements, three millions of stock was issued to the
istockholders of record at par, giving them credit, however,
We
43»
for a portion of the dividends that had been earned and not
paid, and allowing them to tako the new stock after that
cre<lit at 85 i>er cent of its par value.
All was taken except
600 shares, which were left over in tho way of fractions and
of stock holders who did not respond. That tho fourse of the
Company has been conservative for the last eighteen months
in its action, a glance at its comnarativo condition will show.
When it commenced the refunding process its Hxed charges
were six hundred and thirty-nine thousand four hundred and
sixtt>en dollars and fifty-four cents (|680,41fl.54), and it
had
seven million dollars (|7,000,000) of capital. To-day the fixe<i
charges, less income from investments, are four hundre<l
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 facihties for doing
business.
For the Directors,
M. E. Inqalls, President.
September 1887.
CiN'ci.ySATl, 0.,
ABSTR.\CT8 OF RAILROAD MORTGAGES.
We
week al>stracts of the 1st Mortgage on theDenver City Railway, dated Deceml)er 29, 1881,
of the 1st Mortgage on the Nebraska Extension of the Chicago
Burlington & Quincy Railroad dated May 2, 1887, and of the
1st Mortgage on the Pittsburg & Western Railway, dated
publish this
Worth
Fort
July
1,
&
1887.
PITTSBURG & WESTERN RAILWAY.
MORTGAGE ON THE PITTSBURG & WESTERN
RAILWAY, TO SECURE GOLD BONDS DUE JULY
FIRST
1,
1917.
Date.—July 1, 1887.
Parties. The Pittsburg & Western Railway Company, of
the first part, and the Mercantile Trust Company, Trustee, of
—
the second part.
—
Property Covered. The mortgage covers the whole line of
company, built or to be built, its rolling-stock,
and all interest, property, assets, rights and franchises, and
all and singular its real estate, leases, etc. whether any of the
above be now possessed or hereafter acquired, and the lease of
the Pittsburg Cleveland & Toledo Railroad, dated July 11,
railroad of the
,
&
1884 the lease of the Pittsburg Painesville
Fair{X)rt Railroad, dated October 7, 1886 the right to use the tracks of the
;
:
Western Pennsylvania Railroad Company between Pine Creek
and WiUow Grove, under an agreement with the Pennsylvania Railroad Company, dated August 15, 1882.
And the
company in the following contracts A contract
dated April 37, 1883, with the Baltimore & Ohio Railroad
Company, giving the right to use the tracks of the Pittsburg
Junction Railroad, leased by it the contract for interchange
of traffic with the Big Level & Kinzua Railroad Company and
the Bradford Bordell & Kinzua Railroad Company, dated
April 10, 1886 a traffic agreement with the Baltimore & Ohio
Railroad Company, dated June 6, 1883; that with the Shenango & Allegheny Railroad and the West Penn & Shenango
Connecting railroad companies, dated August 15, 1884 that
with the Bradford Bordell & Kinzua Railroad Company dated
December 1, 1886 that with the New York Lake Erie
Western Railroad and the New York Lake Erie & Western
Coal & Railroad companies, dated August 15, 1884 an agreement with the Western Union Telegraph Companv, dated
October 30, 1883. All the title of the company in the lands
and rights of way of the Pittsburg Youngstown & Chicago
Railroad Company, or of the Pittsburg Cleveland & Toledo
Railroad Company, between New Castle Junction. Lawrence
County, Pennsylvania, and Youngstown, Mahoning County.
Ohio, secured by a deed dated September 30, 1882. And also
the title to certain real estate described at length in the mortgage. The description of the property in the mortgage is^
in much detail, and instead of attempting to condense it, we
give a brief statement of it obtained from the office of the
company as below.
The railway owned by the Pittsburg & Western Railway
Company consists of a standard gauge line extending from,
the lower part of Allegheny City, in the State of Pennsylvania,
to Sandusky Street, about 3 miles, and from Saudaskv Street
(opposite Eighth street, Pittsburg, to New Ca.stle, in the same
State, a distance of about 60 miles also a standard gauge line
with third rail for narrow gauge extending from Callery Junction (a point about 26 miles from Allegheny City) to Butler, in.
the State of Pennsylvania, about 15 miles, and thence a narrow gauge railway to Mount Jewett, a distance of 134 miles,
about 70 miles of which is graded for standard track
also,,
three small branches, in all alx)ut 10 miles, making altogether
313 miles of railway in operation owned by the company. It
owns the^right of way and runs along almost the entire water
front of Allegheny City, about 7 miles, and further, owns
over 100 acres of terminal property in said city. It also owns
a right of way and franchises to construct a railway from
NewCas'le to Youngstown, State of Ohio (a distance of 17
miles) also terminal property of about 40 acres at the lastrights of the
:
;
;
;
&
;
;
;
;
;
named
place.
Tho company operates under lease the Pittsburg Cleveland & Toledo liailway Company, extending froiD
New Castle Junction to Akron, a distance of about 77 milea
,;
THE CHRONICLE.
4i0
Pittsburg Painesville & Fairport RR. Co., extending
from Niles, on the Pittsburg Cleveland & Toledo, to B airport,
on Lake Erie, a distance of about 54 miles. All the railroads
above indicated form connecting lines, with the exception of
about l^i miles in Allegheny County, where the Pittsburg &
Western Company runs over the tracks of the West Pennsylvania RR. Company, but for which it is now seeking to provide its oivn tracks," having secured most of the right of way.
The equipment of the company is subject to car-trusts of
and the
14-26,991 54.
[Vou XLV.
cent of the bonds outstanding. When necessary, a new trustee shall be api^ointed by an instrument in writing by a majority in amount of holders of the outstanding bonds with
the assent of the company, an 1 until such appointment be so
made the directors of the company may appoint a ti'ustee to
fill the place for the time being.
Should any appointment be
thus made by the company it shall be allowable for any court
of competent jurisdiction, upon the application of a majority
in amount of the bondholders, to annul such appointment,
and to appoint the trustee nominated by such majority.
THE BOSD.
First MortKagp. Gold Bond.
7)a/c.— Julvl. 1887.
,.. ,
^
AHihori:e(i.—$lO,OOn.<iOO—^3no,0('0 to he reserved to lake up
$30 1.0)0 i)f bonds wsued under the mortsagoi dated O roui-r 15,
till J My
unissued
lie
held
1850, aod June I. 1378; SI.OiO.OOS t>
1. 1892, unless the tni-tccs und-r a deed of trust dated Julyl,
h'lldac-rto
is
company
1887 (liy the terms of tvliich the railroad
tain amount ol stook uuisaucd tl 1 July 1, 1892), authorize their previous isfrue. and t hen only to he issued for additional rolling stock and
hettrtnueuts, for the payment of prior eiicinit>ran«es, or to an
amount equiil to the amount represented by receiver's certiflcates.
Denominalioti .—tl ,000 eaih.
<7o«;/oii"r /.'effi^totrf.— Ckiupon.but may be rcRistered.
rrineipal Payable— Tha principiil Is pnyable free of all taxes July 1,
19i7. in go:d ciiin of tli" United states, of the present stundard
of weiirhr, Hnd flneuess, at the otfiee or aeeney of the company in
Amount
New Yoik City.
Interest VayuhU.—1\\e Interest Is 4 per pent per annum, payable Januarc 1 and July 1, free of all taxes, in like gidd coin, lu New Yoik
Citv.
Cancellation of Coii/)o)i».— Coupons paid on maturity shall be eanwled
and khall liot be kept alive as a lien upon the mortgaged premises.
No advance or loan updn theui shall operate to keep thorn iu fore-.
i>e/a!t7t—In case of default of interest or principal, or of
failure to observe any other covenant hereunder, continued
for over six months, the Trustee may in its own discretion,
and upon the written request of holders of a majority in
amount of the bonds shall, take possession of and operate the
property, and it shall apply the net proceeds therefrom to the
payment, first, of the interest in the order of its maturity
and secondly, of the princip.al, if it shall have become due by
lapseof timeorotlierwise, as herein provided; or theTrustee
may in its discretion, and upon the written request of the
holders of a luajoriy of the bonds outstanding shall, proceed
to sell all the property liereby mortgaged at public auction,
and it shall apply the net proceeds therefrom, first, to th^
payment of the interest due in the order of its maturity, and,
secondly, of the principal or the Trustee may in its discretion, and shall upon the request of a majority of the lionds
outstanding, proceed to enforce the rights of the bondholders
hereundiT by a suit in equity or law, for such remedy as the
Trustee sh'ill deem most expe lient it being understood that
the remedies hereinbefore granted are intended to be exclusive
of all other remedies allowed by law, and that no bondholder
shall have the right to institute any proceedings at equity or
law, in case of default, until a majority in amount of the
holders of the bonds have in writing requested the Irustee to
exercise the powers hereinbefore granted, and have allowed
the Trustee a reasonable opportunity to comply therewith.
It is lurtlier granted that in case of default of interest continued as beforesaid, or in the event of tlie Trustee making an
«ntry ujion the property, or selling the same, the whole principal sum of the bonds outstanding shall, at the option of the
Ti'ustee, or if the Trustee omit to declare the principal due, at
the option of the holders of a majority of the bonds outstanding, expressed in writing, forthwith become due and payable and if the trustee, after default of interest for six
months, declares the principal due, the holders of a majority
in amount of the bonds outstanding may reverse the declaration of the Trustee and waive the default on such conditions as
said majority may deem proper.
At any sale of "the property the Trustee may, on request of
tliree-fourths in amount of the outstanding bonds, purchase
the same at a reasonable price, if but a portion be sold, or if
the whole be sold at a price not exceeding the total amount of
outstanding bonds and the accrued interest thereon and
bonds of this issue may be used towards payment therefor
the amount of the bonds or coupons so to be turned in to be
determined by the Trustee or by the court. But it is provided
that it shall be lawful for the Trustee to convey all the real
estate described in the mortgage, situated in the City of
Youngstown, Ohio, to the TrnuibuU
Mahoning Railroad
Company, for a fair equivalent in cash, or the stock and bonds
of the said company, the cash to be applied as hereinafter
;
;
;
;
&
mentioned [see "amount authorized"], and the stock and
bonds to be held as additional security for this mortgage.
Sale <;f Xri?tfi.v.—The proceeds from the sale of afl lands
which it shall not be necessary within a reasonable
time to substitute others, shall be applied by the Trustee
to the purchase at a reasonable price of bonds issued hereunder; otherwise they shall be
invested in securities
lawful for the investment of savings banks under the laws
of New York. Bonds of this i>sue so purchased shall be
canceled. It is provided, however, that until July
1, 1893,
the said proceeds of sales of lands and other property which
IS not to be replaced, may be applied by the companv, with
the approval of J. Pierpont Morgan, John Lowber Welsh and
James Calleiy, or their succ^essors, trustees under the afore
mentioned deed of tnist dated July 1, 1887, to the improvement of the demised premises.
Trustees.—Tha Trustee at any time may be removed by an
instrument in writing executed by a majority in interest of
the holders of the bonds outstanding, with the assent of the
railway company, or without the assent of the company bv
an instrument in writing executed by the holders of 75 pe"r
for
_
FORT WORTH & DENVER CITY RAILWAY,
FIRST MORTGAGE ON THE FORT WORTH & DENVER
CITY RAILWAY, TO SECURE GOLD BONDS DUE
DECEMBER
1921.
1,
D ite. — December
1887.
39, 1881
;
of supplemental deed March,
—
Parties The Fort Worth & Denver City Railway Company, of the first part, and the Mercantile Trust Company, of
New York, Trustee, of the second part.
Propm-ty Covered. All the railroads of the Company, and
all future extensions and branches thereof, in respect whereof
bonds may be issued hereunder, constructed or to be constructed from Fort Worth. Texas, northwesterly in the State
—
of Texas to the Canadian River, into and through the Counties of Tarrant, Clay, Cottle, Potter, Donley, etc., and all
lands, bridges, buildings, rolling stock, materials, etc., whether
now held or hereafter acquired for use in connection with
said railroads; and all franchises, etc., now held or hereafter
acquired, and all incomes, etc., from the property; also all
lands which the Company may acquire from the State of
Texas, by reason of the construction of its road. But it is
provided that the Company may dispose of the lands so acquired for tlie best price it can obtain, the proceeds from any
such sales being applied to the payment of interest on the
bonds secured hereby. But if the Company, instead of selling the lands, shall perfect its title thereto, the lands shall be
emliraoed in this mortgage, and shall onlj' be sold at a j^rioe
apjjroved by tlie Trustee, and in this case if the Company fail
to agree with the Trustee on the price, three appraisers shall
fix it.
It is provided, however, tliat if the Companj' shall
determine to acquire or buUd new road without the issue
of bonds hereunder in respect thereto, the lion of this indent-
Ufe shall not extend to any such lines.
THE BOND.
First
Drz/j-.
Mortgage Gjld Bond.
-Deeprab»r 29. 1881.
/je/i')(ni)i i<i../i.— $1.<J00
each.
Amount
\u'hori:ett —0:i«lnally $25,000 p>r ni le
but the 8U.;ipIcmeadeed limiied .ho tssun on tin; m;iia line fr')m Qiatia to tli?
anadia'i Hiver and beyond to $Ui.OiJil ')rr mile a id Ih- total issue
of oomlB on the Hue, wh u oouiploC'd t' the <:»ii idi in Kiver. to
I'he supplein u il deol provides t'lat bou la
*! ,""0 p r luile.
s!ialuut'«e Issued on any new road or II an'.'h, exe -pt SD far as
sue newly i<quirei branch shad b a part <>f mo m mi iiu') of tile
<oinp ciiy. Till- oiis;lii:il mortgage provi li- for the issue of bonds to
jia, for iron and 8toi*l rails.aud al^ooii •liittionl' xud espiiusiv'e parts
of t le iiui" imlor.- the wh dc S'ictiou is romiileted. but siirli issiie to
lieavir igedon the wholeliue so as no; to exce d 2 ',000 pe.- mile
tu U.
PriiiC'p it I'aiiable.—The principal Is pivablo December 1, 1021, in
Uutred Stiites gold coin. o( or equ il to the pie cut stiul.ud of
v. lue. at the Hntm ilai agenci' of the orap ny in S' nv Yoi k City.
Interest 1' 1/ ble.—Thii Interest Is 6 iicr co:it p -r a uum, payable June
•Cfuilier 1, at said financial agency
1 and
Con 'On or Uejistere(L—CiHxpoa\ but uuiy be registered.
;
lal
i
C
•
1
D
D~faii.lt.
—In
case default in the
payment of
principal or
interest of the bonds Shall be continued for six months after
a demand in writing has been made tlierefor, it shall be lawful for the Trustee, unless a majority in interest of the bondholders prefer to waive such default, to take pos.session of the
property and to operate the same; and it shall apply the net
proceeds therefrom to the payment of ijjterest in arrear, or
which shall become due, in the order in which it shall be or
become due, and after the payment of all said interest to the
jiayment ratably of such of the principal as may be due and
uii|)aid.
The company may at any time, tliou:^h ilefault may
not have occurred, surrender the property to the Trustee for a
term of years in order to better secure the bonds, such act
not prejiiilicing, however, the right of the compajiy subsequently to manage the pr> perty.
Or, in case of default, as above stated, it shall be lawful
for tiie Trustee, unless the default be waived, to sell the property as a whole or in part at public auction. Th-.- net proceeds
(roiii the sale shall be applietrto the payment of the principal,
whether or not previously due, and of the accrued interest,
rttably to the aggregate of said unpaid principal and accrued
interest.
This provision is cumulative to the ordinary remedy
bj' foreclosure in the courts, and upon default, as aforesaid,
the Trustee may at its discretion, and upon the written request
of the holders of a majority in value of the outstanding
l.onds s all, institute proceedings to foreclose this deed in such
inner as tlio majority of said bondholders may diivct.
In Ciise of default in the pa3'ment of interest, continued for
six months, the principal of all the bonds shall, in case a
majority in interest of the bondholders in writing so elect,
become immediately due and iiayable. The said majority
may instruct the Trustee to waive any deiault upou such
conditions as may be deemed best. At anj' sale of the property
the Trustee may purchase it at a price not exceeding the
amount of the mortgage bonds secured hereby. Bonds of
this issue may be turned in as purchase m(mey.
Jio7i /holders' Meetings.— Meetings of the bondholders for
the settlement of questions which by this indenture are
m
:
;
OcnoBKB
1,
TBE CHRONICLE
1887,]
within their power. «hall bo ealh'il by the Trustee or in sueli
manner )ui a majority in interest of tlio lK)n(lholderH sliall
iloeiilo
and until the said bondlK>lders wliall ho act hucIi
powers may l)e exercised by tlie Trustee. Hut it is understood
that no iu;t ot tlie Trusti'o or of tt uuijorit^ of tlie bondlioldcrs
shall aflfeot the rii»lit8 of any non-n.ssenting bondholders, except to tho extent herein allowed.
Truslees. Tlie Trustee may l>e removed aucl a sueeessor
appointed a( any time by any court of competent jurisdiction
upon a])iilica*ii>ii ot a majority in interest of the holders of
outstanding bonds, and it is also provided that said majority
by an instnuneiit in writinj;, witliout callinK a meeting for
tlie purpose, may remove tho said Trustee.
;
—
441
Tnut«*s.—ln the event of the reHigtiation or inability to act
any trustee the first party Hhnll. by n vote of its directors,
proceed to designate a successor, and unless the bolderv of a
ma jority of the Kdids shall, within thirty d.iyn of last notification bv advertisement, disM'nt, the same shall Ntand. In
cMse of dissent as aforesaid and no agreement is reached b)r
siild parties within sixty days, then, u{><m the application of
any bondluplder, or the party of tlii' first jiart, a new tnuteo
may be npiMiinted by any court having jurisdiction.
Either the first party or a majority in interest of tho liondholders may remove a trustee and designate a succciuor, provided tho directors of the first party and a majority of the
bondholders assent to sucli change.
of
NEBRASKA KXTENSIOX OF CHICAGO BIHLIXGTON & THE SHEFFIELD & UIR.\IINUHtM COAL, IRON *
RAILWAY COMPANY.
QL'INCY RAILROAD.
The
following
statement
regarding this cf)mpany gives an
ON
THE
NEBn.\SKA
EXTENSION
MOUTGAGE
OF THE
CHICAGO BURLINGTON & QUINCY RAILROAD, account of i|s charter rights, its status and prospects
The Shefiiehl & Birmingham Coal, Iron & Railway f Company
TO SECURE SINKING FUND BONDS DUE MAY 1,
1927.
Date.— May
Partiei.
2,
1887.
—Tlie Chicago Burlington & Quincy Railroad Com-
firot p.irt, and the New England Trust Company
of Miissachusetts, Trustee, of the second part.
Propeilj/ Covered. The section of tho Republican Valley
RaiUo.ad between Hastings, Adams Co., and Aurora, Hamilton
Co., Nebraslva, about 37 '75 miles, free of incumbrance: also,
all standard gauge railroads and their branches in the States
of Nebraska, Kansas or Colorado, or the Territories of Wyoming or Dakota, and the property and franchises appurtenant thereto, of which the iirst party maj' become the
owner in fee, and which it sliall convey to the Tmstee as
liereinaf ter provided and all the bonds issued by tlie Nebraska
Colorado Railroad Company, and the Grand Island
Wyoming Central Railroad Comi>any, and the Omaha
North Platte Railroad Company, which are described in the
mortgage, and all of which satisfy the requirements below,
amounting in the aggregate to $11,784,400; and also all
other 1st mortgage bonds owned t)y the first party and issued
on railroads which are extensions of its system in the said
States and Territories, as shall hereafter be deposited with
provided said bon Is bi^ar not less than five per
the Trustee
cent interest an 1 do not mature before May 1 1937, and are
secured by a first mortgage upon the railroad profXTties and
franchises; and provided, further, such bonds shall notesceeed
$20,000 per mile for single track railroad ami |10,000 additional for second track, not including side and spur tracks.
The first part}' may also convey to the Trustee any other
railroads of standard gauge, free from incumbrances, which
are extensions of its own system; provided the mileage of the
railroads so conveyed to the Trustee, together with tho mileage of the railroads by which the deposited bonds are secured
sliall not exceed 1,.500 miles of single track, and an equal
ami Hint of second track.
The first party agrees that all its rolling stock set apart for
use on its railroads in the above-mentioned States and Territories shall bo suitably designated, and the first party hereby
transfers to theTnistee such proportionate share of said equipment as tlie mileage of the railroads now or hereafter covered
by this instrument, or by the mortgages to secure bonds dejKjsited with the Trustee, bears to the total mileage of the roads
of the first party in said States and Territories.
pany, of the
—
:
&
w;us granted a most lilieral charter by special act of tli" General Assembly of the State of Alabama.
Its franchise permits it to own and run riiilroads, build branches to the same,
build and operate iron furnaces, machine shops, etc., own
and mine coal and other mineral lands, and own and operate
steamboat and barge lines. Its property consists of land and
mineral rights to the extent of 70,000 acres in tho great
Worrior Coal Field of Alabama, about seventy miles south
of Sheffield
three large blast furnaces with i\'macity of
140 tons each per day, situated at Shettield on Tennessee
River at the head of navigation below Muscle .Shoals, with 00
acres of land in the town of Shetfield, and several hundred feet
of river front on the Tennessee River the site for furnaces is
most eligible and convenient for operation and transportation ;
ninety miles of railroad well built, with steel rails, &«.
:
:
&
&
This road runs south from Sheffield, and through tho lands of
this company, ninety miles to a junction with the Georgia
Pacific Railroad about thirty miles from Brmingham. Contract win be made upon favorable terras with that railroad for
the running of trains of the S. & B. Railroad into Birmingham. This road also runs through immense deposits of the
best brown heiiifitite iron ore, in Franklin County, twenty-five
niilpB south of Shettield
this ore shows about 56 per cent of
nietallic iron of superior quality
in addition to this ore there
is an area covering the larger part of three or four counties
in Tennessee immediately north of Sheffield, containing
almost inexhaustible quantities of similar- ore.
Tlie Louisville & Nashville Railroad system now being extended to Sheffield will pass by several" large tracts of this
ore.
Competition for the delivery of ore at Sheffiekl will be
very great, and it is believed that this ore guarant. ed to run
50 per cent metallic iron, crushed and waslied, can be delivered at the furnaces at Sheffield for |1 75 jier ton of 2,240
lbs., or possilily something less
and it is believed that
coke can be delivered at the furnaces at Shetfield from the
lands of the company at about $2 50 per ton. It is believed
tliat the location of Sheffield on the Tennessee River, giving
it ailvantages of river transiiortation by steamboats .and barge
lines to the Western and N rthern markets at St. Louis, Louisville and Cincinnati, and railroad competition by the Memphis
& Charleston and the Louisville & Nashville Railroads, and in
view of the nearness and cheapness of superior rowii lieniatite ore, and the price at whicli coke can be delivered at .Sheffield, that Sheffield is the most available place in the country
for making coke iron at a good profit. Besides the large amount
THE BOND.
of mineral freights, coke, coal and brown ore and lumber the
Nebr.iska Extension Mortgage Sinking Fimd Bond.
.Slieffield & Birmingham Railroad wiU haul to Sheffield and
Dn/c.-May2, 1887.
Birmingham ami red ore (to mix) from Birmingham to ShefBen'imirta/iort.— Coupon. S1.003 registered, $.5,000.
Amn.nt Aitlhoriziil —$'20,000 per mile for sIdkIo track road and field, it i? expected that this road will do a large business in
.flO.OOi) ppF mile additional for second track, i:ot. iucliulin? spur
hauling pro<luce and general merchandise, delivered to it by
mid side tracks conveyed as hcr( inbefore i-tipulalcd lo the tiustee
its railroad and river connections.
and als) an Hiuouat eiiiial at par to tile a/gri gate amount of
A glance at the map in the In-estors" Supphment will
bonds depositt d with the tnietee.
Couuon or A'cj/iK/ererf.— Coupon and resisU'red. Coupon bonds may 1 e show the location and importance of this roail; it is now comicfilstereil nsto primipa', or flvo ot them miy bo exohaugod for a
pleted fifty-two miles, and the balance under contract, except
rt'sriHtt-rcd bond.
a few mUes, and is being completed rapidly; and when comJnltrfst PutitiMr.—The interest Is not to exceed 4 per cent per annum,
and Is pay.ibUi May 1 and November 1, in lawful money ot tho jileted and reasonably equipiied, for anew road will have on it
United Stales ot Aineriea, at tho ollice of the company lu iio^ton, a bonded debt of only $1."),000 per mile of first mortgage 6 per
Miiss.or at Its agency in New York City, or wherever else the
cent bonds and f 10.000 per mile of second mortgage 6 per
directors may dcsi^iia'c.
rrinci/ml Phi/ iblK.— tlie principal l» payable Mav 1. 1927, In lawful cent bonds: ^1,000,000 of first mortgage 6 per cent bonds
money of ilie United Stats of America at the otHce of tho conipanv have been placed on the furnaces and town jjroperty at Sliefin lioi-ton, Ma«p.
Binking Fund.— The flrtt pju'ty .agrees to set aside on May! in each field. and on tho 70,000 acres of mineral lands and mineral
year a sum eiiuid to one i)or cent of tho par vulue of all the bimda rights, with a sink, fund to be put at interest of 2c. per ton on
ifsued lieicuu.ler, and apply the .-ainc to the punhae oi such bonds coal mined and i5c. per ton on pig iron made at their furnaces.
at a price n.it execwIinK 110 and accrued interest. Hut it in reTiie money to complete furnaces and appurtenances, open coal
sponse to adicrtlscment there shall not be Buillcient temlers to
miius and build coke ovens has been provided for by subabsorii ?aid sums, tuo amount tlnreof unoxpcndel shall be re
turned toihe compaiy's general luuds. and tLe obligation t'l pur- scrijition to the above bonds, and the work of completing tho
oliaso bonds therewith shull cease. Bonds purchas.cf shall be canfurnaces is being pushed. Gordon, Strobel & Laureau of
celed.
Philadelphia have the contract for their construction; one to
fault.— In case of default of principal or interest of any be (-ompleted on April 9th, 1888, the second on June «th, 1888,
of any of the bonds secured horebv, for three months, the and the third on August 9th, 1888; and it is believed that they
Trustee may, and upon the written 'request of the holders of will come within that time. Iron men say that with the pres1-10 of the outstanding bonds shall, sell at public auc- ent [irices of pig iron there is
at leiist $4 00 net profit per ton
tion all tho bonds lield as security (but if the obligors making pig iron at Sheffield.
in said bonds shall be in default, the Trustee, if it is
TliQ capital stock of the Sheffield & Birmingham Coal Iron
deemed best, shad instead take proper legal proceedings to & Railway Company is !j7,32r>,()00 preferred stock (f 1,125,000
foreclose the mortgage by which those bonds are secured); and of which IS
in the Treasury), and $1,000,000 of restricted comif permitted by Ixiw foreclose by sale, and if not so permitted
mon Stock. The officers of the Company are : E. W. Cole,
by appropriate legal poceedings, any railroads that mav be President, Nashville, Tenn.;A. Parrish, Vice-President. Philasubject to this indenture. The net proceeds shall be apidie<l delphia, Pa.; Henry B. Tompkins, Vice-President and General
to the payment ratably of interest and principal of tho bonds Counsel, Atlanta. Ga.; Wm. S. Jones, Secretary, N?>shville,.
secured hereby, whether due ox not,
Teun.jChas. D, Woodson. Treasurer, Sheffield, Alabama.
;
:
;
,
;
D
;
1
.
,
TBEr (BKONJCLE.
442
XLV.
[Vol.
COTTON.
Friday.
ghje C0tttmerrial 'gxmts.
P. M., Sept. 30, 1887.
as indicated by our telegranus
from the South to-night, is given below. For the week endir g
this evening (Sept. 30), the total receiptp have reached 238,745
bales, against 187,740 bales last week, 136,041 bales the previous
week, and 85.437 bales three weeks since, making the total
receipts since the Ist of September, 1887, 654,776 bales, against
3^9,335 bales for the same period of 1886. showing an increase since September 1, 1887, of 865,4'il hales.
Tbb MOVEHINT OF THE CROP,
COMMERCIAL EPITOME.
Friday Night. Sept. 80, 1887.
have received complete relief
to
seems
The monf-y mirket
from the measure adopted by the Secretary of the Treasury,
and trade has assumed a better aspect. Speculation for the
and activr!83 in staples of agriculture has shown more vigor
ity, -without, however, accomplishing any very important
Measures looking
Little is heard ot labor trou^^^les.
results.
to a reduction of Federal taxation are actively discussed, giving promise of possible results in the not distant futu.e. The
weather has been rainy, delaying cotton picking, but f avor-
at—
Rteeiptt
Uon.
Sal.
Wed.
Tuet.
ThurM.
Fri.
Xolal.
1
3,395
5,936
4.0J2
11039 14716
6,078
7,862 12,000
4,969 13,04?
aalveston
Indlanola, &c.
Orleans...
Sew
8,624
1,072
5,384' 36,784
2,317
886
Bavannab
Bmnsw'k, &Q.
7,558 10,320
9,506
8,974
speculation in lard for future delivery was quite active
•«arly in the week and prices made a slow but steady advance
down to the close of yesterday's busintss, but to-day most of
Obarleston
Pt. Royal, &o.
4,i9J
5,8 JS
3,C6L
4,C93
1,127
8.032 10,663
1,C85
....
3,872 6,359
Wilmington
Moreh'dC.&c.
2,355
2,713
1,837
1,874
1,878
the improvement waa lost, the bull party having retired.
laid on the spot advanced on a better demand, but closes
dull and weak at 6'70c. for prime city, 6'80@6-87i^c. for
prime to choice Western, 7 10c. for refined to the Continent
and 7'45c. for refined to South America.
Sorlolk
2,278
2,002
2,546
3,250
4,0 J6
4,409
1,083
2,429
2,030
-ing fall seeding.
The
fUXU JS1!,D.
LABD FDTIJBEB.
PRICES OF
UJT IjAJUI
>S1«U PKIUES
DAILY CLOSING
Saturd'y. Mand'y. Tuetd'y. Vednify. Thnrtd'y.
October dellv'y
"
..
Nov.
Dec.
.lanuary "
February "
Jlcb.
668
664
064
6-69
6-74
6-80
6-70
6-75
6-80
6'S8
Pork declined, leading
6-81
6-75
6-75
6-81
6-87
6-95
6-76
6-71
6-70
6-76
6-82
b-90
6-75
6-70
to
more
dull, old mess $14 50@$14 75,
new
Frill'
6-8'2
6-75
6-77
6-77
6-8 2
6-8R
6-96
6-70
6-75
6-82
6-bO
|15 35@15
y
671
prime
Cutmeats have been
50,
Tallow closes quiet at 4@4 l-16c. Stearine is lower
Oleomargarine is quoted firmer at ejgQCi^o.,
at 7@ 73^0.
Butter is dull at 17@26c. for creamery.
with little doing.
Cheese has been quie'; State factory full cream, 10® 12c., and
.skims 4(g9J>^c, The swine slaughtered at the principal West«m towns from March 1 to S-ptember 28th numbered 4,660,000, against 4,705,000 same time last year.
The speculation in Rio cjffee was fairly active at impioving
valuta early in the week, but took a downward turn, and today was quite dfpressed, closing with sellers at 17'55@17-70c.
Cififee on the spot has been dull and
.ior November to July,
weak, with fair cargoes Rio quoted at the close down to lOj^c.
and Java has sold at 21)^® 33c, Raw sugars have been varibbl.
able, closing stronger at 4 13-16@47^c.
356
Boston
Baltimore
^tobacco continues active, and sales for the week are 2,909
oases, as follows: 564 cases 1886 crop, State Havana seed,
8@20c.; 395 cases 1-86 crop. New England Havana 8*ed,
ll@40c.; 100 cases 1883 crop. do. do., private terms; 200 cases
1886 crop, do, seed leaf, 18@30o. 250 cases 1885 crop, Wisconsin Havana, private terms; 600 cases 1886 crop, do., 7@ 17c.;
800 cases 1886 crop. Little Dutch, 9@llo.; 800 cases 1886 crop,
Ohio, 7@10c., and 200 cases sundries, 7® 35c.; also 400 bales
;
and 350
bales Snmatra, $1
40@$1 75,
and firmer at
1887,
Beeaptt
lo
was
when there was renewed activity
and buoyancy, closing at 685^® 68J^o, Hops have continued to
meet with some export demand at 20@ 3ic, for prime to choice.
dull, until to-day,
Clover seed sold at 7.^@7?.^c. per lb, for prime to choice.
Ocean freights were fairly active in the shipment of corn
to Great Britain and wheat to the Continent, but rates were
low and the
close is dull, at 2)^
1.
to
Glasgow and
2d. to gull.
Metals have been dull, but yesterday there were large
speculative dealings in ingot copper, mainly at 10 40c. for
October, but including a line for April next at lie.
Block
tin is rather firmer, and so is lead, but spelter is dull
and
aomizial.
2
3
Sept. 30.
Week
Salveston.. .
Ind'nola,&o
Sew Orleans.
Mobile
Florida
Savannah.
.
&o
Br'sw'k.
Obarleston ..
Pt.Royal.&o
Wilmington
M'bead C.,<feo
.
-Vorfolk
W.Polnt.&o.
*ew York...
Boston ......
Baltimore .
1886.
Since Sep.
1, 1387,
Thit
36,784
Stock.
A'nee Sep.
1, 1686.
Thi»
Week.
1887.
1886.
118.134
33,819
117,392
54,803
60,692
133,877
20,714
3,869
166.425
-6,524
91,978
34,032
3,059
72,202
8,292
83,246
6,180
44,913
4,451
I
......
60,319
6,408
1,127
54,958
1,085
28,351
*1,243
85
12,317
33
19,609
16,382
100
2,07 i»
102,941
2,0u0
69,098
51,865
60317
43,838
38,496
818
81
21,527
900
21,304
504
469
9,054
25
9,616
1,608
12,8(3
51
15,657
2,096
784
677
46
156
209
252
8J1
201
712
9o3
47.001
5,00J
1,489
4,417
86,687
5,500
5,805
9,627
654.776 156.46".
309. 3'^
377,6=9
330,033
22
29
.
540
37,495
35,723
136
41,23i
32,961
100
636
Plilladel'a,&o
131
11,679
*
17,247
......
9,819
759
...
Total
2;-i8,-45
orrectiona of previous receu>>8 made by lUe ttdditiou of 1,130 balfS
at Bruuswlck and 164 bales at Port Koyal,
*
In order thai, comparison mny De made with other years,
<ive below the totals at leading ports for six seasons.
—
we
1884.
1883.
33.849
34,032
3,059
37,495
24,808
9,079
9,696
1,606
2,841
27,432
29,185
4,014
42,501
25,114
5,696
14,067
9,764
1,610
23.401
30,156
W. Point, &o.
Ml others ...
36,784
60,319
6,908
54,958
28,436
12,350
19,609
16,382
2,999
27.781
39,356
6 818
31.501
27,690
4,734
15.2)8
6,4-9
3,.t41
2,841
13,53]
38,63S
30,40f
7.511
20,67t
e,42<
4,481
Tot. this w'k.
238,745
156,165
159,663
1)8,721
165,461
179,88!
iteceiptg at
Savannah
C
...
larl'at'n.Ao
^llm'gt'n,Ao
Jorlolk
1887.
1885.
1886.
6,46!)
41.28
31,9l2
7»
6,
13,126
6,754
188S.
30,216
27,99n
4S5.123 425.H4rt 434,968 476,84<
v:^aLvesiuu luuiudeo lildiauuia; ouarieMiun iuuiu<lub t'uri Koyal,
WilmlnKlon Inoiudes Moreh'dClty,>!io.;We»t PolntiuiilurtesfJIty Polnt.a
Tb>- exuorts (or the weefc endinx this eveatat; reach a tota
of 131,445 bales, of which 92,617 were to Great Britain, 12
Below ar
to France and 38,700 to the rest of the Coatineut,
the exports for the week and since Sio e atiar- 1, 1887,
4lnoe Sept. 1
654,776
Wuh
33c,
Bosin is firm at $1 \'i)4@ 1 19/^ for common to good strained.
Tar dull at |2 10, Tue speculation in crude petroleum certificates
100
636
22
29
100
101
22
last year.
Sew Orleans.
MobUe
7-16c. for centrifugal,
10,
19.609
16,382
4,723
59
4
33
33|
3.9131
For comparison, we give the following table snn wing the week's
the total since S-ptember 1, 1387, and the stock
lo-uight, and the same items for the corresponding periods of
96degrees test, with a large business to-day, including a cargo of Brazil 4}^@4 ll-16c. Molasses is quiet. Rice very firm. Teas in steady demand.
The sales of Kentucky tobacco for September were 2,03S
hhds., of which 1,633 for export, at steady prices. S.ed leaf
for fair refining
Spirits turpentine is sparingly offered
8
81
total receipts,
»alvest'n,(Sto.
Bavana, 60® $1
3,234
120
12
<feo.
Cuba
and 5
85
West Point,<feo
business, but the close is
do.
1,081
28,351
1,830, 12,3ir
New York
Pblladelp'a,
54,95(
Totals thlR week 33,782 50,387! 42.122« 33.741 30,832 47,777 238,745
^14 25@$14 75 and clear |16 75@|17 50.
<iuiet and at the close are decidedly lower; pickled bellies
9;^^<al0i^c., shoulders 5Jg@6o. and hams lli^@13o.; smoked
Shoulders 7@7i^c. and hams 13@13i^c. Beef remains nearly
Aominal; exl;ra mess $7@f7 50 and packet $7 50@$8 per bbl ;
ludia mess $10 50@.$12 per tee. B ef hams dull at $16@$16 25
per
Florida
60,319
6,908
l,lz7
445
618
1,570
Mobile
389.325
BntUnn
Sept. 30.
1
Sxvorttd to—
Bxport*
from~-
areat
New Orleans..
Uobile
dtvl. 1, 1HS7. to Sept. 30, 181
Bxyorted to—
&raa>
Brtt'n. Wrance n«nt.
MiT^nton
rrom
1
10.911
15.083
Week.
Srttatn,
3,800
14,711
14,'88
3,700
I8.78a
5,103
a9,:o«
20,805
13,080, 21.1153
II,'; u4
14 5^3
4,700
«,HO0
6.-100
7.150
5,103
OV>nt<-
I
""»"«
«nt.
TotAl
3.8C0
4,815
8,D83
5,103
yiorlia
lavaanah
CliArieston
11,701
...
.VUmiDston...
"iorfolli
*e«t Polnt,fto
<iew York
-foBton
Baltimore ....
i'Dlladelp'a.Ac
8,573
4.700
6.300
5,104
1B.399
4,791
2,931
8,035
Total.
92.617
Total 1886...
43,185
8,501
128
8,501
17,880
S.lOl
24,^77
65,Ut2|
15.252
110'
4.9il
11. ^OJ
649
3,580
5,1 s;
:99
049
8,860
6,1'>4
2.oa
6,sai
128 38,700 131 115
18«,287
5,fl6i
54,81)4
110,833, 8^.881
21,184
I
12.711
12,074
08.000
20,21
;
gg
.
October
THK CHKONICLF.
1887.)
1,
443
In addition to abore exports, our telegrams to-night alao kI ve
ns the following amoants of cotton on shipboard, not cleared,
at the port* named. We add similar flgures for Now York,
which are prepireJ for our speci il use by Masirs. Carey, Yale
ft L imbort, 21 Beaver Street.
On Shipboard, notettar»d—/or
AT-
Sept. 30,
HsirOrleBna
Mobile
CUarleatOD .....
10,3.M
None,
9,736
Nonn.
10,888
None.
(i.soo
."S.OOO
Ooatl-
974
31.919
None.
15.700
37.800
f<.3 -0
17.491
10.716
A.SOU
9,000
Nooe.
None.
lAO
None.
None.
6,100
1,000
10,0.H)
26.2 3
Total 1887.
64,8t>l
13,836
80,765
19.669
149.231
22'«,458
Total 1886
ToCikll88S
47
4».775
18,^05
2S,S03
15,187
16,027
90,001
10 ,5tj8
240.029
.20,083
....
..
Ot tier
porta
50.2S.'5
0.'
2H,.500
i
13,283
l.-.i77
:
5:
w
:
81.217
6,1H0
None.
1,700
4.500
8.915
3,600
None.
None.
Q»lve8ton
Korfolk
Hiiw York
T
5:
»
h'
a
;
8:
5
5;
?>
8
2
Btoek.
ratal.
wit*.
i^,^00
i.rsoo
SHViiimali
B:
Ltating
Other
Sreat
fc._,.
Britain. '«'»«•• Foreign
27,ti86
2'<.ia8
.'M.29H
27.1 17
14,316
11,750
3^.•2,^4
^
re©* I Si
-4
=
5«-^
11^
V.OOl
The speculation in cotton for future d-livery at this m%rke„
opened somewh it d>-pres4ed on Saturday last, hut thare wa."
a partial recovery on rumors ot fro3t in the Northern Belt
But tbe^e prove unfounded, and on Monday there was a de
dine with a weak ol'>8ing under uafavorable fordign advice
and the very free movement of the crop, causing some of th
bulls to lose cinrtlence.
OaTuesiay a weak opeaing w a
followed by an advance due to the continued heavy rains intuo
fSoutliwest and especially in Texas, with the strong probabUity
that dani<e hal be^a do ie, as wa-i the c ise at about this
stage of last season. On Wednesday there was some strength
in the near positions hut the later options were weaker. Yesterday there was impruvemeLt in the later dealings on a demand to cover contr icts, especially by .Soutnern operators who
had Eold short in view of tae prospective free movement of
the crop. To-day an early decline was quickly recovered, and
the close was dearer on a demand to cover contractsi Cotton
on the spot has met with only a moderate demand from home
spinners, and,although stocks contmued very small, quotations
were reduced 1- 16c. on Minday and again on Wednesday.
Yesterday good middling was quoted 1 16c, lower. To-day
there was a general decline of 1- 16 j., middling uplands closing at Qi^c.
The toikl sales for forward delivery for the week are 458,3
bales.
For immediate delivery the total sales foot up this week
2,818 bales. Including 10 for export, 3,803 for consumption,
— for speculation and — in transit.
Of the above, 331 bales
were to arrive. Tho following are the official quotauuns (or
each day of the past week—Sept. 34 to Sept. 30.
UPLANDS.
Ordinary
Strict Ordinary
Got d Ordinary
Strict G od Ordinary
Low
.Mlddlinit
Strict Low Middling .
Mlddlinit
;...
Good
Miildlini;
Strict
Good Middling.
Middling Fair
Fair
91a
9"l
105,„ 106,, 10 "4
1016|,llol5,g IpTg
,
GULF.
lb
HSg
9ijg
iMidi;llng
Strict Go.irt Middling
Middling Fair
fair
9
9
Sat.
Bood Ordinary
6trtot Good Ordinary.
.»lb.
,
9%
9>»>6
9%
10
10>8
lOHi
111«
im
Ill3i.
STAINED.
IjOw Middling
Middling
7'8
708
8']8
9%
9'i«
9»g
9»ie
9i»ie 9%
101,
10
If^iS lOis
108,e lOHi
Middling
Middling
Good
7'9
7»8
8»ie
73,
7iti(
LowMiildlinic
Low
raon Toes
Sat.
^
Ordinary
Strict Oidinary
Good Oiuiuary
Strict G«i«l Ordinary
Strict
9-'8
.„
I
CI3i8
71a
87,8
95,8
Wed Tb.
71,8
I
7
'*!«
'®18
7>s
8^
81a
8'*18 8"l«
914
95,„
96^6
9iji
919
911,6 911,9 959
91^16
916,8 978
101,8 101,8 10
0:,8 107,8 1038
Il'l8 lUl- 11
I
'
i
I
mon Tnes Wed
6\
FrI,
7'l6
Tb.
I
6%
611,,
6ll,gi
7ht
77,8
838
9I4
914
738
86,8
9*18
738
8'ie
93,8
I
Vn.
C»8
76,8
814
918
MABKBT AND SALES.
The total sales and future deliveries each day during the
week are indicated in the foUowmg statement, For tne conTenienoe ot the reader we also add a column which snows at »
glance how the market closed on same oays,
BALBS OF BIVT Ai4D TKAMUT.
U<OT MAKiUIT
CU>8BU
Bat.. Easy...
Man
EiiHy
Tuea
K».>,y
Wed
iQuiot
Xaar«| Kisy
Fn.
Uaay
3
.
•18
dec.
9
a
;
Ex-
Con-
port.
...
...;
10
.
iiKdeo..
rov. quo.
-a 'le doo..
...
...
...
1
Spec- Tran-
tump\ucen\ tU.
316
482
457
38 i
795
373
10 2,d08
Total.
....
Salet.
low. Sales
\J>cliTeriet.
316 30,4U0
482 104,800
4671128,200
•l<2
.«.
385' 66,tl00
795; 66,100
....
*•
••
....
....
373
pd. toeich. ^Oii Jan.forOci.
pit. toexcti 20u Oct for Apr.
ir.
It: pd. to ezch 200 Jan. for
22
06
OZ,200
and PaiCBs of Futures are shown by
th?
I
I
M
,Hi.
tueKch. 3>io
l)t:0.
01 pd. tji .mill. 100 D 'C.
£ven 1,300 Oct. for Jan.
2,818 458,3001
di>y
ttthlei
;
....
tlie
jug uu<upr«iiieusiv«9
;
The following exchanges have been made during the week :
10 pd to Bxoh. 100 Oct. for Sept.
09 |>d. toflxch. 100 H*v for June.
•
....
....
....
....
_
,
,
lolat.
Tha daily duuvenra giveu auuve are autnally dellTered
freviuoa to tuai on wHloo r.ntiy are reported,
col
CiT We have Included in the above table, and ahall oontinne
ween to give, the averaift* price of futures ewcd daj for each month. It
will ho found under eaoii day toUowlug the aliiirevlatuiu ' Aver " The
average for each month for the week Is alHo given at b<» 'oiu of table.
Monday, --a 0.; Toeaday,
TraoBferahle Orders— Saturday, 9-40O.
Friday, 9-25o.
9'25o.; Wednesday, 9'25c. Thursday, 9'25e
tor Jan.
tor
Nov.
I
-02 ltd. to Axeb. 5 H> tan. for Oct..
'2K pd. c<>exi<h.40 Dec. (orSept.
'15 pd. to even. Hi»i Out. (or Utr,
'2 ( |id. to ex<!h. 4 -O Oot. for Apr.
-4ti pd. to exch. 5 JO Nov. fur June.
The Visible SuPHLTf OF Cotton to-night, as maite up oy cable
and teletsraph, is xs follows, TheContinen'-i »iiM-ke. sh wellaa
those fi>r Great Britain and the afluHt, are thm vnvh's returns,
and consequently all the European figures are brought down
CO Ihursuay eveniug. But 10 make the totals ibu complete
1:
ITHE CHRONICLE.
444
of exports from
flKUies for to-night (Sept. 30), we add the item
Friday only.
the United States, including in it the exports of
,18S*18S5.
I«86.
1887.
1^^]^=':]:::::::!^''^^
'^^
548,000
4,b00
45,900
22.000
400,000
1.300
26.700
16,000
Total Great Britain stock.
Stock
Btock
Btock
Btock
Stock
Stock
Btock
Stock
Stock
Stock
—
.
at Hamburg
at Bremen
at AmsKrrtam
at RottciJam
at Antwerp
at Havre
at Marseilles
at Barcelona
at Genoa
at Trieste
"^:oS8
'1^
452 000
2O0
900
1,200
1,600
104.000
6.000
40,000
14,000
15,000
120,000
4,000
41,000
9,000
9,000
.^OO
The above totals show that the old interior stocks have
increased during the week 3i.790 hales and are to-niRht 39,422
bales more than at the same period last year. The receipts at
tiie same towns have been 41.923 bales more than tlie same week
last year, and since September 1 the receipts at all the
towns are 143,018 bales more than for the same time in 18£6.
yUOTATIONS FOR MIDDLING COTTON AT OTHKB MARKETS,
3,100
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for eacb
day of the past wees.
31,600
31,000
400
152,000
2.000
13,000
5,000
14,000
Week
2JP,80O
224,500
250,700
353,900
8;'7,800
624, SOO
67,000
110,000
1 5,000
33C,033
53,574
8,250
702,700
37,000
g.-is.ooo
114,000
160,000
Sew
ii
2 i.OOO
EKTpt,BiaziI,cfec.,afltforE'r'pe
Sto'ck in United otates ports..
Stock in U. S. Interior town.s..
United States exports to-day.
377,689
97,99'i
21,457
iSi,000
2,<00
323,671
5(i,U4
2,100
86,000
93,000
12,001
301,612
33,2^9
6,'.)5U
Sailer.
^ ^„„
2f5,000
J21,0C0
100,000
3:0,033
58,0.4
_
Total American
East Indian, Brazil, dc.—
Uveriool sioek
8'8
-Vorfolk
9»16
9hs
9
.
H%
Boston
9!««
PhUadelpbla.
iagusta
{.'8
i^
Total East India,
Total Amerlcar
&0
172,000
2H,000
103,500
67,0C0
15,000
151,000
22,000
106,700
37,000
2,000
243,001
68,00C
WUk
ii-i.aoo
MiMnt—
S87,8O0
1,018,142
380,500
319,700
888,185
590 900
822,)-57
900,811
I,t05,942 1,203.357 1,206.885 1,491,701
Total visible supply
53]. d.
S^sd.
55jrt.
5'i«d.
Price Mid. Upl., Liverpool ....
9i2C.
10ii«o.
It's.
9>ao.
PrloeMld.Upl., New York....
•Actnal count; stock corrected by tbe addition of 110,530 bales, of
wbieli 74,790 bales Ameiican.
|^"The imports
into Continental ports this
week
havte been
10,000 bales.
figures indicate an increase in the cotton in sight
to-night of 402.585 bales as compared with the same date of
1886, an increase of 399,057 bales as compared with the corresponding date of 1885 and an increase of 114,241 bales as
The above
compared with
1884.
—
Intebiok Towns the movement that is the receipts
for the week, and since September 1, the shipments for the
week, and the etocka to-night, and the same items for the
corresponding period o£ 1880-— is set out in detail in the follow-
At the
owintc statement.
9^
'H
9M
yi8
9
8%
6"lC.
8II10
I'M.
8 '8
»H
9VS1I4
8!>8
8 'a
8 =8
8 '8
8
9>4
918
i'M
Ul8
8^8
908
9>s
9 '8
934
914
9^8
9%
SfSl
'8
914
9
—
265,000
40.030
144 800
114.000
21,000
8«,0OC
12,00(
8
8^
8",e.
8%
9
9"h
8»8
b's
8"8
914
£'8
8?4
.
Fri.
8i:',G
9^
....
CJlncmnati...
Loalsville
BOO. 801
londonsteek
S%
Baltimore....
888,185
Continentals ocks
India aHoat Kir Europe
Kgypt, Brazil, &e,, afloat
6^
8%
8%
8^:i,o
822,857
6,t'50
8''8
8'8
1,018,142
3lr,239
8ISi«
813i6
8,2f.O
Ameri(anafloatfor Europe...
United States stock
United States luteiior stocks..
United States exports to-day..
854
9
5S9,00C
172,000
93,ono
301,612
115,000
160.000
b77,689
97,996
24,457
604
9
279.000
144,000
83.000
323,671
56,114
2,4t0
bales *243,000
Liverpool stock
Continental stocks.
Ihurs.
8%
8i-'io
St Louis
American —
Vednes.
S's
Charleston .
Wilmington..
Memphis
1,605 912 V2C3.357 1,208,?85 1.491,701
Total visible suppLr
Of tlie aliove, the totals of American and otlier descriptions are as follows
Tnes.
9
Orleans.
Uobtle
MIDDHHO COTTON OS—
Man.
...
Savannah .
—
Total European st'icks
India col ton afloat for Europe.
Amcr, eott'n float for Eur'pe.
CLOSING QDOTATIONS FOB
cniliiig
Sept. 30.
Salveston
3 Jta] Continental stocks
XLV.
[Vol.
Receipts from the Plantations. The following tablethe actual movement each week from the plan^^
The figures do not include overland receipts nor
tatione,
Southern consumption; they are simply a statement of theweekly movement from the plantations of that part of the cropwhich finally reaches the market through the outports.
(tKii::ate8
Receipts at the Portt. 8V}i at Interior 7\yum9. SK'vts from
1887.
188S.
188S.
18Se.
Ang.se
11,695
Sept. 2
"
9
" 16
" 23
" 30
90,025
12,l63l 19,270 ao.ns
24,?34l 39,3 9] 17,3(8
53,080
84,'43
1880.
1887,
188S.
I
Planfnt
1888.
1887.
I
17,598
^3,238
l-2,«24
4S.299
49,757
23,793
34,751
27.M0: 31,937
3-J,«74
50.ba-2
6l!,5I-3
9J,S33' 73,1120, 113,79»
5a,5J2
S3,73ll 82.E51 132,331 1U.4;3'217,781;
48.58l| 85.*3r, 25,:»1
71.915 1'26.041
B1.1D8
1^,207
19.B4C>
30.846
47.0.9, !10,39S-
111.873 106,601;l8-,740
15a,663'l58,165 238,743' 71.8821 72,8"4 118,901 n9,01!3iTO,3f5 275,152
—
The above statement shows 1. That the total receipts from
the plantations since September 1, 1887, are 719,907 bales;
in 1886 were 413,919 bales; in 1885 were 491,160 bales.
2,
That, although the receipts at the outports the past week
were 233,7-15 bales, the actual movement from plantations was
275,153 bales, the balance going to increase the stocks at theLast year the receipts from the plantations
interior towns.
for the same week were 170,385 bales and for 1885 they were
179,093 bales.
—
Weather Reports by Teleohaph.— Reports to us bytelegraph to-night indicate that rain has interfered with pioKing operations in some districts during the week, but more
particuarly in the Southwest. With these exceptions the
gathering of the crop hts progressed favorably, and the marketing of the staple continues on a very liberal scale.
have had rain on four days of theGalveston, Texas,
week, the rainfall reaching one inch and forty hundredths.
The thermometer has ranged from 57 to So, averaging 74.
Pale.stine, 'lexas. It has rained hard on tliree days of the
week, the rainfall reaching one inch and eightyihne hundiedthp. Average thermometer 65, highest 80, lowest 52.
Huntsville, I'exas.— Picking has been interrupted by the
rain, which has fallen on three days of the tveekio the extent
of two inches and thirty-nine hundndths. The thermometer
has averaged 73, the highest being 85 and the lowest 51.
have bad he<ivy rain on one day of the
Dallas, Texas.
week, BUBjjei.ding picking. The rainfall reached two inches
and thirty-three hundi"te iths. The thermometer has averaged
—We
s
£
C »
^
B 3O
SB-
- -^ (tr-
E
IB
3.
cO-
o
/j
») tj-
B E.B
C* C*
^
i..
^'^
B C »
—
O
»»— O
tt CD be
^ *3 to O ^1
a I- c <i 00 c
rfi
fci
e.
S
s
be -JMC*''^0'CC3-. cotio;'- c^VV
— We
<-•
C
U. tc jb
X V W QC *. -
|o.
(D
^
c OO^
rf^
!-•
cr.
"y<ODxoe:^o:a»'b'Cia*.»-0'Qorca:jcckj
coac:co:c:(-tC|-*e^Cf,c^o;cjii5.S
if>>Oi(^t«i-
ST
C^l^
'-10:
M M f^ er
•
K.
MWifrCCWQDN>i--t5o:ccoV'
"-"Oi
« t;<Oi"x
p-1
**a)^(i
^1
—
^ VI ^ O. *- ;- O ^ at W ^1 fr U, C '* lo Ol
a*4ww oi c: ci o ^ V O' X to ui uj S ^ w
QD
C © *1 O -4 I- #-
0--
ip.
—
19
WAJO
M
O' C CC CO
CC CO
a c to M 30
inches
«-J
I**
iF^
*4COW0tM*.
OCrCOCi'^OOClCC
-J
<|
CJi lY-
—
The
TliU
thirty-four hundredtli".
tS
r-
rv.
_^
..
*•
i-\
H
—
CO t: oi cc CO OS
•
en
W;».
"-MMtOMO:
--01-WOWlt.WM -Jcowisor^S
fl(nir«» for Louisville In both
jeai-'s flgurts estimated.
years are "nefc"
•^1
The thermometer ha»
averaging 73.
has rained hard on three days of tho
Belton,
week, the rainfall reaching one inch and s'xty-nine hundrtdths. Average thermometer 71, highest 84 and lowest 49.
Weatherford, Texas. We have had rain on three days of
the week, the rainfall reaching sixteen hundredths of an inch.
The thermometer has averaged 65, the highest being 85 and
the lowest 45.
New Orleans, Louisiana, It has rained on one day of tho
-week, the rainfall reaching two inches and eighty-eight hundredtbs. The thermometer has averaged 73,
85,
2'exas.
It
—
#.00
(CCOOJOJifcC.*
OCCC CC;^:
and
ranged from 52 to
'
O'SOCOl-'***^
—
—
w
C
ranging from 53 to 86.
Austin, Texas. It has rained on three days of the weekthe rainfall reaching sixty-five hut dredlhs of an inch. The
thermometer has ranged from 50 to 84, averaging 74.
Luling, Texas. Hard rain on t« o days of the week hasinterrupted picking. The rainfall reached one inch and ninetyAverage thermometer 75, highest 85 and
five hundredths.
lowest 57.
Columbia, 2'ea;os.— Picking hes been entirely suspended on
The
acci unt of the heavy laiiis on four days of the week.
rainfall reached three inches and fony-eigbt Iiundr-dths. The
thermometer has averaged 73, the highest being 86 and thelowest 51.
Cuero, Texas. We have had rain on two days of the week,
the rainfall reaching one inch and fifty five hundredths.The thermometer has aveiaged 80, ranging from 70 to 89.
Brenham, Texas. Four days of hard rain during the week
have caused a cessation of picking. The rainfall reached two
68,
^^|i p*^ OS OS CCIC O' « CC H- c S
o c en yi y M OD M a cc ^ cc ^ X
—
.
OCIOBGB
1,
THE CHBONICLE.
ISS7.I
—
Rainfall for the wrek two inches
sixty-six huiidri-dthd. Average theriuometer OS ; bigliest
m, lowest 54.
Columhuii, Misxi.isinvi'
have hai rain on three days
of the week, the rainfall roaciiing tivo iuchea and twenty Uvo
Shreveport, Louisi'ina.
hundredths. Averase thermometer 63, lii^hpst 74, lowest 42.
Le/ iwl, Miixiss^iipi.—R iintaW for the week, (iv^ inche».
The thermometer h.n averaj^ed 04, the highest beinf; 80 and
the lowtH 46. I/Hst week rain fell to th" extiiit of one inch
and thirty hundred Iia, the lir«t cince early in AuKust. The
thernionieer aveng-d 76 1, and ranged from OS to 90.
tireeitviUe, itissinsippi.
nnd
to
live
— R lintall for the week three inches
Xhe tbernumeter has ranged from
huudredthe.
78.
55
—
C/arkadiiU, IHissfssfpp'. It has rained lightly on one diy
k.
Piokinx is progressinj? favorably. The thermometer hts averaged 60, the highest being 74 and the lowest 40.
Virksburg, Mississippi. ^Telegram not received.
Helna, Arkansas. It rained lightly on one day and the
balance of the week has been cloudy, but this morning u
clear.
The rainfall reached seventy-four hundredths ot an
Picking i» progre-sing well and cotton is coming in
inch.
and being disjns d of freely. In this respect there is no comparison between this and previous years. The thermometer
Jias averiiged 63, the highest being 78 and the lowest, 50.
Memphis, jf'en«?*see.—There have been light rains on five
days of the week, iiitfrfering somewhat with packing. Marketing continues unusually heavy, the month's receipts being
•double what they were ia September, 1881, the previous
largest on ret ord. The thermometer has averaged 02, ranging from 49 to 76, and the rainfall reached thirty-eight hun-
of the we.
Bkip
mtnU IM$
Tear, Great
week.
OovU-
j
Continent.
(Jreat
I
;
tbam.
llh{pmenlt tlbtttJaK,l.
'
Total.
\Krtl'n.\ nent.
18371
BrilaM
Jtreelplt.
This
Week.
Total.
l.ono
2.0t0
1,000 3d.3,000,6)l'>,U<K.|l,(i2fl,00<)| 7.00u! 1 .4fl6,00«
I8B« ....
2,000 317.000 (XI, 000 iiai.ooi) .''..noo l,40'.'.000
198»' ...,
1.00"| 1.000 210,000 4); 1. 000
fiHH.OOO fi.OOO' UDH.UOO
1884' 2,090 10,0r,0 12,000 490,000 63»,000ll,ll».000l 4.0OO l.ASZ.OOO
....
According to the foregoing, Bombay appears to ihow an
incrfase compared with last year in the wnnk's receipM
of 2,000 bales and a decrease in Bhiomento of 1,000 bale*, and
the shipments since Jan. 1 show an inr.r»a*e of 47,000 bale*.
The movement at Calcutta, Madras and other India porta Urn
the last reported week and since the Ist of January, for two
"Other porta" cover Gejloa,
f«ST8, has been as follows.
i'utioorin. Kiirrachee and Coconadn
—
BKlpmentt for tlu
—
-dredths of an inch.
Am »atnumt 9o% rooa
OKBAT uoaim
and
— We
445
Great
Brilain.
ahipmetiU lince January
vietk.
Oonttnent.
1.
Total.
Calcutta—
IM87
1880
9<),000
126,000
69,000
87,IjOO
9e.0J0
4.000
Oi
47,000
28,000
3?,000
42.000
102,000
99,000
,
22.'>,000
Madrai—
3,000
lt<87
1886
othois—
1887
1886
1,(;00
8,000
1,000
41,000|
29,000
4.oro
&,000
70,000
57,000
7,000
6,000
212 000
3,1.
'
All
2,000
2,000
2,000
3,003
1887
."S.OiO
2.000
18fl8
3 000
3,00(1
Total
,
,
aU—
I
141.000
374,000-
162,000
82.000
i
;
233.<:00
week show that the movement from
other than Bombay is 1,003 bales more than the same
The above
—
totals for the
Nashville, Tennessee. It has rained on four days of the the ports
week, the rainfall reaching two inches and four hundredths. week last year. For the whole of India, therefore, the total
shipments since January 1, 1887, and for the oorroaponding
The thermometer has ranged from 44 to 74, averaging 61.
Mobile, Alabama. — It has rained severely on two days of periods of the two previous years, are as follows:
the week, and has bpen showery on two days, the rainfall
BXPOBT8 TO EUROPB FROM ALL tHniA
reaching five inches and eighty hundielths
Rivers ate
1887.
18S6.
l3-i6
slightly higher, but navigation is still reEtricted. Average
Shipments
thermometer 70, highest 84, lowest 53.
This
Since
This
Since
to all Europe
This
Since
week.
Jan.l.
week.
Jan. 1.
week.
from—
Jan. X.
Montgomery, Alabama.— 'R&m has fallen on three days of
the week to the extent of I'ne inch and fo ar hundredths. The Bombay
2,000l 9i 1,000
1,000 1,028,000
()M3,000
1,1100,
crop is being mirkeied rapidly owing to the fine weather. All other porta.
7,000 371,000
6,000] 223,000
4,000| 176.000
The thermometer has aroraged 63, the highest being 81 and
8,0'.'0 1.204,in»
?,00i- 1.402.000
Total
5 0i)0 g.59,000
<he lowtst 50.
Selma, Alabama, Riin has fallen on two d lys of the
AtiBXANDRiA Beoeipts AND SHIPMENTS,—Through arrangeweek to the extent of three inches and seveaty-four hun- ments we have made with Messrs, Uavies, Bauachi & Co,, of
dredths. The thcimometer bas averaged 66'5, ranging from 50 Liverpool and Alexandria, we now receive a weekly cable of
to 77.
cho movements of cotton at Alexandria, Egypt, The foliowinK
Auburn, Alabama, Telegram not received.
are the receipts and shipments for the p.i8t week and for the
Madison, Florida. We have had showers on two days of OfHTesooudinir woek of the nrevioas two vears
the week, the rainfall reachmg twenty-thr^e hundredths of
Alexanrtna, Egypt,
an inch. Average thermometer 70, highest 85, lowtst 53.
1388.
1887.
1835.
Sf-pt. 23
Macon, Georgia. If. rained on two days of the week, cur(cantars*)—
Beoelpta
tailing receipts a littlf.
The weather is bow pl-asant.
Tliif^ week
30.000
20,000
18,009
Columbus, Georgia— We have had rain on two days of the
Since Sept. 1
&(>,000
3.!,000
3 4,000
week, the rainfall reaching two inchts. The thermometer
This
Since U This
Since
This
Siiiee
has aveia;^ed 07, the highest bein-i 73 ard the lowest 60.
week. Sept. l.'j week. Sept. 1. week. SepL 1.
Savannah, Georgia. We have had rain on three days of
the week, the rainfall reaching one inch and eleven hun- Exports (h,alos)—
6,100 4,000
lo Liverpool
2,C00
4,000 2,00j' 4.000
dredths. The thermometer has averaged 68, ranging, from 50
To CoDtlaeot
1,000
4.000
1,0 jO
2,000 1,000
2,00&
1
—
—
—
—
1
—
{
>
I
to 86.
Augusta, Georgia.— Picking is progressing well and cotton
coming in f teely. There have leen showers on four days of
the week, the ruinrall reaching eighty-one hundredths of an
inch. The thermometer- has ranged from 45 to 86, averaging 68.
Atlanta, Georgia.— We have bad rain on three days of the
week, the rainial I reaching two inches and eighty-two hundredths, Avetag- thermometer 64 4, highest 76 and lowest 44.
Albany, Geori/iff.— Ram fell oi two d^iys in the early part
of the Week, duiug much Kood, The raiulail reichcd three
indies and twenty five hundredths. Tbe weather is now
pleasant. The cmp is turning out well. The ttiermometer
fans averaged 7', tue hig.he8t being 78 and the lowest 5S.
Charleston, South Carolina. It has rained on four days
of the week, the raiufull reaching one inch. The thermometer has averaged 68, ranging from 49 to 85.
a.a-.ebarg, touth Carolina. There has been light rain
en three days of the week, the rainfall reaching seventeen
hundredths of an inch. Light frost on Suadiy morning. The
thermometer htS ranged from 43 to 83'5, averaging 64.
Columbia, South Carolina. Telegram not received,
Wilson, JSorlh Carolina. It has rained on two days of the
week, the raiiifall rt aching ninety-three hundredths of an
inch. The tiermumetor has averaged 04, the highest being
SO and the lowcsi. 42.
The following statement we have also received by telegrapii,
showing the height of the rivers at the points named at 3 o'clock
Sept. 29. 1887. and Sept. 30, 1886.
Sept. 2
29, '87. Sept. 30, '86.
UoMIa
is
—
—
—
—
S«i)(.
A cuiitar 18 98
Feet.
hKh.
Feel.
InxK.
8
.........Above lov-irater mark.
a
1
....Above low-water mark.
JTasUvlUe.... ......... Above low-water mark.
Shreveport...
Above low-water murk.
Vicksburg
Above luw-wai«r mark.
5
8
2
8
H
U
9
1
4
3
1
4
5
MempUls
—
2
5
4
India Corrofi A1uviuu£mx fuoh all 1'oa.m, Tne receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Sept, 29.
.^,0
O'
P,0C0
1
3,000
6.0CO
lbs.
Manchestek 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 for previous weeks of this and la.st year for comparison
:
ISSS.
1887.
32« Oop.
Xieist.
d
d.
A'B.26 '1.13-16,6
'
••
i!
16
TU
a"is,,
714
3715:.
7I4 -i»T15,g
" 23 rJ4 -8716;;.
" 3u'7"ig@j
„
32? Coj».
Oott'n'
8 "4 lbs
Shirtings.
d.
8.
nut.
7I3 »6
„„
I
d.
.1.
fi^a
5>«
ft'ie
Ifia
I
d.
d.
OoWn
Ita.
Shirtings.
s.
d.
d.
».
C6 6
wG 6
6 »0 «
U «6 6
7 «6 7
«7is 14 6
7
6i»)6a7''n5 6
6'"u97-',6|5
aTin a
7
«T08 5
57,g 7'9
I714
53,0
9
8H
IwisL
XTptdt'.
74!S6 i)
7'4»6 it
71416 9
t-^90 y
Mid.
Upldt
d.
5i«
WT^tlRTja >6 7it, ^i«.
7»s96 9
The FoLLowiNa are the Gross Receipts of Cotton at
New York, Boston, Philadelphia and Baltimore for the past
week, and since September
New York.
TM«
WMk.
from-
Sept.X.
week.
Stpt. 1.
8.351
2-'.S0l
8,S14
38.684
87,480
IK
8*81
lOS
».97S
VIrRlula....
8,348
7,811
North'n p'ta
42
100
ai
42
100
4 3
Thlirear. ^,491
113.930
t4."»0
10 ."11
Laat reT..
8,109
i.sie
Sinc«
Sept.l.
S,'0»
Bai,timorb.
TM*
Sine*
week.
SepCl.
i,o:«
..
Na.Carollnu
T«nn.,Ao....
»,"526
TtlU
week.
3,«n
...
10
80. Carolina
rorelBO
PHILADILPH'A
Sinct
». Oclonn;..
10,877
1887.
Thf
Taxai
SavBunah
.
1.
Boston.
Since
riorlda.
Kew Orleans
10,000
3,000
Total Europ*^
*
80,
404
US
......
S3
«6
728
»,M'
4,115
103
21
M
2,993
6,190
11,060
20
88
101
11,03-
si.e*
2,011
3.T61
S,6H
7,MW
in.'r)'
<!«<
<»117
Ml
»*.o'n
.1,4
.S
8,70.'
—
:
THE CHRONICLE.
446
[Vol.
XLV.
Through day of the month in 1886 and 369,134 bales more than they were
Domestic Expoeis of Cotton Mancfactckes—
We add to the table
to the same day of the month in 1885.
the percentages of total port receints which had Deen received
to Sept. 30 in each of the years named.
figures for
East India Crop. Messrs. Gaddum, Bythell & Co.'s cottoa
threight months since January 1, 1887, with hke
give them
report, dated Bombay, August 33, said
the corresponding periods of the previous year, and
below
Adyicea reeardlng the new crop are fairly eatisfactory. Heavy rain
of the Bureau of
the courtesy of Mr. W. F. Switzler, Chief
statement showing the
StatisticB, -we have received this week a
and for
exDorts of domestic cotton manufactures for August,
—
:
—
Montlt ending Aug.
duantUifs of ifamifactures of Cot-
ton icotortd and uncolortd)
(xported to
—
Great Britain and Ireland
Other countries In Eorope
British North America
—
—
1887.
yards
Central American States and
British Ilonauras
"West Indies
Argentine Republic
85J.S61
1,345,188
S67,6«4
68«.8n8
Braiii
433,181
1,790,8S9
3,2S7,Bbl
United States of Colombia...
Other countries in S. America
China
Other o^untries
in Asia
689,809
87.221
753,270
7,308,711
8,101.431
I,«)7,011
10,894.607
553,056
1,S74,858
781,66971.954
5«8,463
l,h72,071
6,9;«,400
4,981,800
12,183,750
8,971,334
4.C08.260
3,883,122
18.428,227
49,186,187
4,176.651
11,786.008
6,016,610
5,346,2:8
3,163,652
13,850.034
57.781,«E9
720,290
2,360,264
6,400
6,487,029
2,502,871
2,726,885
7,597,&'i7
SC0.6T2
e5,lD8
1,236,431
and
484,781
Oceanica
Africa
Other countries
864.6(13
603.876
1886.
1887.
477,3.18
"
8mos.tndinsAuii.31
6,137.661
2,27^.600
1,045.073
10,156,663
1,SBS.8S3
'
Mexico
SI.
1886.
9,8"6.762
4.521,612
ts n«9.051 1126.828,292 144.486.9t-8
Total yards of above..
Taluts of oilier Manufactures
Cotton exported to—
Great Britain and Ireland
33,071
1,758
18,968
1,633
246,043
3,462
20,672
8,229
1,277
44,931
6,591
11,867
328,645
85,191
6,465
4,235
6,610
6,611
14,,'S4
1,684
6,195
13,622
10,842
88.124
101
2.675
6,814
24.946
61,197
78.815
41,442
183,910
8,440
68,796
160,294
1,138,698
1,156,417
1,366.63'
9,.<'69,497
10,371.215
—
Liverpool Stock. There seems to be very little use in the
Brokers' Aseociation at Liverpool keeping a running estimate
of the stocks of cotton unless they can come nearer to the
acttul figures than they have done of late years. The count
at the close of September last year revealed the fact that
about 73,000 bales had escaped their notice, of which some
51,000 bales were American. This large addition, as a matter
This year,
of couise, was a disturbing influence in the trade.
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 setm almost incredible
that with ordinary care such an error should occur.
Certainly greater diligence ought to be used otherwise it
would appt-ar to be about as well to disconiinue weekly stock
estimates altogether for as conducted they are wholly and
widely misleading.
;
of
t
t
Germany
lYance
Other ccur tries in Europe
British Morth America
Mexico
.-Central American States & britisb
Eondurai'
"West Indies
tjnit(d Stfctf-B of Colomhi8
Othfcr countries in So. America...
Asia ard Oceanica
Alrica
Other countries
Total value of other mflnu-^actures of
>(f(rrei n'pv^ ilip of nil f Ttrn i-rods
»W,al8,798
»-0638
»8,a30,89e
$-0840
t-0679
»i ,206,343
»-0666
$898,960
Total values of above..
Yalue per yard
has a>!aln fallen during the last few days In some parts of the Berari,
doing harm to the crop, but in most of the other Oomra cotton frrowiug
dlf-tricts the plants continue to make good progress. At Broach the
mnoh needed fine weather has set in at last, and re-sowing has commenced wherever pi-aciicable. Dhollera leporte are cm the whole
favorable, hut floe weather Is still required In the Bengal districts. The
belief seems to be general that the crop will be a late one.
t
189,360
9.426
18,7'-6
6,021
ii.ces
452,181
53,703
850
13
12,111
43,01-2
5;^,Hi)5
49,776
205,32,1
696
68,747
;
—
Jute Butts, Bagging, &c. A fair amount of business has
been done in bagging and prices are steady, sellers asking
lb., 6;'4'@7c. for 3 1b.
5?<j:@6c. forlj^ lb., 6}£®e}4c. for
Butts nave sold in a
ana 73-4@7J^c. for standard grades.
moderate way and no change is reported, paper grades beiag
held at 2i^@3 8-16c., and bagging quality at 2M@2,?8C.
1-:';j:
—
106,423
1.004.883
COMPARATIVE Port Receipts and Uaily Crop Movement
—A comparison of the port movement by weeks is not accurate,
SB the weeks in different years do not end on the same day of
Shipping News. The exports of cotton from the United
States the past week, as per latest mail returns, nave reached
71,186 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published n
With regard to New York
the ChkonioIiE last Friday.
include the manifests of all vessels cleared up to Thursday.
i
we
We
have consequently added to our other standinii
the month.
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named. The movement since
September 1, 1887, and in previous years, has been as follows.
Total balei.
New York—To
Liverpool, per steamers Adriatic, 1,381....
Aiuanla, 760
City of Chester, 1,979
AlasKa, 2,058
10,689
... Kugland, 3,981. ...Halley, 530
Martello,
3,300
3.30o
To Hull, perbteamer
1,400
To Leith, per steamer Critic, 1,-00
12-*
129
La
Champagne,
To Havie, per steamer
Saaie, 50
7Ul
To Bremen, per steamers Fuida, 451
KugU,
Amalfl,
l,2i)9
1,S75
To Hamburg, pertteamers
4,680
Wieiaud, l,.*.©!)
1,129
To Antwerp, per steamer Westernland, 1,129
960
To Coienhagen, jx-r steamer Thlugvalla, 950
1,100
To Stet In. per steamt-rSlavonia, 1,400
New Okleans—To Liverpool, per sti-amers Alava, 3,921
11.866
American. •.i,9tj9....Architi-ct, 4,176
1,815
To Havre, per steamer Effective, 1,81*
4,«48
To Bremen, per steamer Wjdale, 4.948
3,500
CHAHLE8TON— To Livtriooi. per steamer Amethyst, 3,500
per brig
To Barcfloniv. per steamer Starlight, 3,900
4,80O
Loicnzo, 900
3,314
GalvE8T<-n— To Liverpool, per steamer Northern, 3,3 1
5,100
Wilmington— To Livirpool, per steamer Hay Gieen, 5.100
Baltimoke— To Liverpool, per steamers Baltimore, 1,165
2,1741
p. luvlan, 1,009
Bulgarian, 7
Boston— To Liverpool, per steamers Bothnia, 3
2,891
....K.insae, 2,-81
28
To Yarmouih, iMsr steamer Yarmouth, 25
40
To Digbv. per Kteamer New York, 4ij
PHILADELi-iiiA To Liverpool, per steamers Indiana, 2,022
3,83»
l.oid Gough, 1,811
'
Year Beginning September
Uemthly
Seeeipts.
1887.
Sept'mb'r 684,776
Perc'tage of tot. port
receipts Sept. 30..
1.
1886.
1885.
1881
1883.
1882.
359,203
385,642
315,445
813,812
326,656
07-15
07-23
06-75
07-09
05-13
This statement shows that up to Sept. 30 the receipts at the
ports this year were 295,573 bales more than in 1886 and
269,134 balfs more than at the same time in 1885.
The
receipts since September 1, 1887, and for the corresponding
period of the five previous years have been as follows
:
1887.
"
"
1886.
8....
5.840
9,679
10,739
4...
B.
Bept.I....
" 2...
"
"
8....
13,92!-
8.
6...
"
7...
8...
13.196
13,392
14,543
"
9....
19,640
6,983
6,343
7,336
5,675
9.15f
10,101
"
16,t29
" U...
" 16...
22,181
23.2C7
18,189
17,34b
10...
" 11...
" 12...
" 13...
8.
1885.
2,792
8,281
6,690
7,089
B.
11,933
14,865
1881.
1883.
6,314
6,675
2,914
2,546
2,766
4,91(1
2,05'^
7,216
8,870
6,205
2,519
6,04t
3,7u4
3,99t
B.
10,390
8.
8,634
8,6t0
7,356
11,835
10,959
8,206
6,6lb
8,396
6,214
10,458
8,879
8.
8
6,16(>
4,969
8,194
8,U3
8.
13,920
9,486
8,0 b
9,47^
15,283
11,74.
B
12,087
13.168
14.407
" 19...
"20...
3.^.447
8.
16,633
13,835
13,182
12,536
17,598
14,257
36,) 31
17.098
8.
•«21...
28,360
21,07i>
-
2e,85fr
14.V46
24
83,78i
18,778
22,393
20.651
23,011
17,284
17,b7»
16.051
25,191
20,378
25.039
17.8H8
16,164
20,«-l
2,M39
19,716
8.
21,401
21,5-
8.
25,25-i
34,762
32,357
24,305
" 16...
«
17....
"
18....
22...
•• 23...
" 24...
••28...
••
••
26...
37...
28...
29...
••
30....
*
28,522
25,42i
36.t
B
50,3S7
9,761
8.
B.
16,590
10,205
12,970
15,397
16,996
13,104
8.
8.
21,8Sb
11,760
15,195
14,087
22,166
15,7t9
1882,
5.055
2,890
8.
5,868
3,396
5,630
4,1-3
6,405
6,105
8.
11,202
6,645
7,471
8.014
10,742
8,06U
8.
8.
16,598
9.606
12,733
13,039
17,187
16,201
28,346
8.
lJ,3t;9
27,433
21,616
19,768
24,i84
26,S72
2d 699
42.226
83.741
29,876
26,077
B0.83-<
24,071-
•It ,071
25,6e0
32,793
26,197
30,509
t64,77i
Total
Feroentafi e oJ loti
port rKo'p '(.Pel f.S-
35K,20o
385,642
345,415
313.812
326,656
0675
07-15
07-23
07-09
05 43
8.
71,186
Total
particulars of these shipments, arranged in our usual
form, are as follows :
Antwerp,
TarCopenmo ith
Srem. hagen
Kail
anti Barce- and
and
and
LiverToua.
Leith. Havre. Mamo. Slellin. li,na. Itigby.
pool.
24.377
128 &,.i8l 3,479
KewYork. 10,6-9 4,700
21,120
ll,3tiH
4,815
1,918
N. Orleans.
8.300
4,800
3, 00
Charleston.
3,31«
3,311
•
(Galveston
5,loO
Wilmlngt'n 5,i00
2,174
Baltimore . 2 171
2,956
2.801
65
Ko«ton
3,836
3,-36
Philadel'ia.
The
.
Total... 12,870
1,700
^tid
I
d as coirecilon of previous lecelpts.
stuienittii ptit/wt. that
are no'w SUO.S'iS bales
£.-Jaifcht
the receipts since Sept. 1 up to
more than they were to the same
3,47J
4,800
65
71,18ft
the latest dates:
Galvh-SToN- For Liverpool-Sept.
New
24—Steamers Princess, 4,991 ; VulCHD, f>,9i3.
OKI.KAN.S -For Llverp lol Sapt. 21-Stoainer Hungarian, 3,363
Sept. -.JS-Steamjr AstroujS-pt. -,^6 Steamer Audean, j.ilo
mer,
.•"OO.
Savannah- For Liverpool- Sept. 24— Steamer Elsie, 6,116.
For Bremen— Sept. 2'— Steamer Albanl i, 4,»jO.
For Genua 8 pt 27 Siemier Wimbleilon, 3,S51.
CHAKi-ii.»r'>N— For Liverpool
—Sept.
^3
— Jieamer
Borlnquen, 2,550....
Casftius, 6, "23.
For Reval-Sept. 28 - Steamer Kemembran'-e.
5,7S'i.
Sept. 26—
For Barielima— S-pt. 23— Steamer Pha-nii, 4,150
Steamer Southwoo '. a.l5i>.
Wn.Mi.-«)n)N-For iverpool— Sept. 28 -Steamer Everest, 4.700.
NoKFOLK— For Liverpool— Sept. il7— Steamer Karuwell, fc,30i'.
BusTuA For Liver ool Sept. -zl-Seain-Ts Cci>halouiH, 515 Venetian
Sept, 2o— Steamer
»x9
Sept. 2l-Steamer Samaria, 1,1»7
Iowa, 2, i-o.
96.
.m.^.^
For Hal fax— Serf. 21-8tcamer Carroll,
For Yai mouth -Sept. 27 -Steamer Yarmouth, 11.
S', »<
-
* 1,2U4 baies add.
4,M13 10,329
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
;
October
THE CHRONICLK.
1887.]
1,
8
:
:
..
.
BALTIMOKB-For Liverpool
-
447
BREAOSTUFFS.
H'i- BtcBiiier Nesaiuore, 2,931.
8i')>t.
For ISiciueu— Miipt. iM-8tfHin. r Wener, itl.
Phii.ai>ki.i-hia— Kor Liverpool- 8i-pt. a7— Steaintr Briltsh King, 2,025.
Phidat,
Below we give all news received to dale of diHasters to veBsels carry inn cutton from Unite<l States pores, &o.
Hay Uhkkn, ftciiimr (Ri ), from v\Mlnilii;:ton, N. o.. fur LIvertonl. wa»
CM run- iMiDiv I'liortcd i^iiii.>t:i'il l>y onliUioii wicli a dredge uu Sept.
10. Bbo went o BCt all light.
Tub QUKKM ktetiiuer (br). fimii New York, arrlvi'd at Llverjiool 8(>pt.
^7. i.ud r> |<o>'i8 a tire broke out on hoaid tu ibe blinker uold while
I
I
Tue
at Hca.
tire
wu8
A
exiioguiilivd.
outlou
(iiiaatlt^ of
daiiiHKed.
Cotton freixhts the past week have been as follows
Tva.
Man.
Salur.
Thun.
Wtdnti.
p. M..
B^ptemlwr 30, 1M7,
The market for flour rhowed considerable activity parly in
the week and prices made a slight and partial improvement.
The export demand was fair and local dealers bought fre-^ly,
"stocking up" for the fall trade with much cotfi leoce. The
wus improvement, however, was due largely to (he bettor valuM
for wheat, and with the re-action in the grain on Weda«sds7
the market for its product became Qtt and onxettled, and
FH.
since then had weather has checktd trade.
Was quiet but firm.
To-day the nuuT'
ket
LlverpooUateaiu a
Do
sa'M
>«»»M
"ta^e*
H'iiSi
>8®»M
"sa*,!
I
8Bll...((.
Havre, steam
Do
,
aall
H
39
98
e.
. .
The wheat market opened flat enough, but on MonJay the
was found to have slightly decroased, and tliis
visible supply
not in itself of much consequence, but deriving iinportance from its occurrence so early in the leason, gave aa
impulse to the speculation for the rise, which dominated the
fact,
e
aall
Bremen uteam
Do
"la^^'aa "lo^'^sa "le'S^'sa ^leS^'sa "le^^aa 'ie»"8»
...o.
»8
e.
Hamburg, ateam.e. 'iB^i'sa 'io®"3a 'la^'^sa 'i8®"3a "la^^'sa *1«*"33
market down to the close of Tuesday's business. The scarcity
and higher prices of spring growths was also an lement of
strength. On Wednesday, however, it was seen that the
Do via Lelth d.
d. Sie^Tja' ^16®''33,
Beval, steam
*i6®''3a' ^i«®''3a
higher prices for wheat on the spot materially curtailed bunid
Do sail
nes:! for export
§Dd, prompting salts to realize profits, caused
is«4
13«.
Barcelonn.Kteamd.
the loes of pjirt of the advance. On Thursday a redaction in
6eno»,Rieam....<(.
"m»''3J
he quantity afloat for the British markets revived specuTrieete, steam. ..d,
Antwerp, steam.d. l8®»64 leai»6* le^^M l8®%4 le®961 ie9»e«
lative confidence and action, and prices again advanced; but
* 1 er lou ItiH.
the spot market continued dull. To-day a buoyant opening
LiYBBPooL. By cable from Liverpool we have the followiag was followed by some depreasioa under sale) to realize.
Do
aall
e
A.mBt'd'111, Rteani
321s
e.
32V
32>9
321a
32>a'
32>««
i
I
;
'
I
I
I
—
Btatement of the week's salee, stocks,
add provinHB wooka for comparison.
SeiH. 9.
6>,000
bales
week
Of which exporters took
Of which Ki)e<-.ulator8 look ..j
Bales of the
5,0i)U
1,00
4ti,000
Bales Amt^rioan
Actual expi.rt...
Forward.- It
.......
Xotal stook— Estimated
Of wliich A lueriran — E8tim*d
Total ImiMirt of the week
Of which American..........
Of which American
Sept. 23.
67,000
e.ooo
2."00
46.000
7.000
69,000
e,<oo
8.0 O
454,< 00
00
4<>,imo
10,000
83,000
49.000
30,000
84,000
50.000
213.000
We
that port.
Sept. 18.
e,oo
7.000
487.000
237.000
26."
Amount afloat
fto., at
Sept. 30.
55,000
4,000
3.00'
4o".oo6
47,000
5.0O0
5.000
6,000
8,000
411.000 •50-1.000
177,(100 1 243.000
27.000
51,000
16,000
37.0"0
106,000 119.000
76,000 101,000
110,530 bales added to sti ck on actual count.
Of » Uiih 7i,7'JO baits American.
The tone 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 :
*
DAILY CLOSIHO FRICBS OF MO. 2 RED WlirTER WHEAT.
October delivery
86 «8
Ved.
80I4
8178
8338
84»8
8 7g
8778
87
87 7a
89>s
86>4
87>«
8U>t
9(1 14
89 >s
897g
Sal.
Jfon.
Tuet.
BO'S
81*8
biv*
82^8
84 >«
8538
Otsoember delivery........
delivery
8^%
HI'S
82'4
SS^g
jr.4niiary
84
S.'.lB
February delivery
PS"*
Al^troU delivery
Sri**
Kay delivery
June delivery
89
8638
87 »«
811%
&0ie
..
November delivery
HSUg
TKur$.
FH.
Wft
82%
81
82%
83%
83 (%
8.-»
84^S
8e>«
873S
89%
89%
Indian corn has been active on the spot 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 moniha of
8 there was, however. Utile spirit.
To-day the market was dull and values easier,
at higher prices,
t
Saturday Monday. Tuetday.
Spot.
Market,
12:30 P.M.
)
Quiet.
In buyers'
favor.
Pressed
for sale.
ITedtie*.
Weak.
Thurtd'y.
Friday.
Irregular.
Quiet.
J
Mld.nprds.
Mid.Orl'ns.
Salea
6%
538
638
7,<
Bpec^enp.
'OO
1.0
lO.ooO
1,000
8,000
l,(i00
10,000
1,500
10,0o0
1,000
1,000
Quiet at
Baroly
DAILT CLOSISa PRICES OF NO. 2 MIXED CORN.
Sal.
Ootober delivery
X.iveiulwr delivery
December delivery
May delivery
Easy at
Marker
Steady.
Market,
Easy.
4p m
l.e4 ce.
cline.
steady.
Very
Quiet.
teitoy.
Steady.
Steady.
IJV» decline.
Steady.
steady.
Quiet and
steady.
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, tmlei s
Otherwise stated,
The price! are given in pence and 64(A«, lhu$: 5 63 means
4 65Pfi4d.. avtt K 01 meant 6 l-64rf.
f^
Sat., Sept.
Oven
d.
'a.
Low.
Clot.
<i.
d.
519 619
BepU-Oct... soo 5C9 5 09
Oot.-Nov... oOt 5C4 604
6 03 603 503
Hot .-nee.
Dec.-Jan ... 5 03 60S 60S
Beptember. 6 19
.
J»n.-Feb... 5 03
5 03
IHon., Sept.
'ilk.
so:<
20
Open Hid* Low.
A.
d.
a.
d.
A.
5 13
Sl.S
f04
6 05
513
5U4
S16 6 1» 6 IS 518
5 07 607 5 07 6 07
SOS 6 03 6 03 5 01
6 03 5 0i 5 08 508
502 5 08 6 08 soa
5 08 5(13 518 508
603 603 6 03 5 as
5(S 5 05 6(M ^04
607 5 08 507 608
619
609
504
6 03
6 03
5 03
^Q1 S04 504
Mar.-Aprll. 5 06 500 5(6 506
Atrll-May.. 6C8 6(8 608 508
Feb.-March 5C4
Hm Low.
Open
A.
A.
SOi 3 01
SOO 6 01 500
SCO 6 01 5 00
500 6 01 5 0)
5 01 soa 5 01
5 01 504 603
605 606 5 05
6 01
6 13
6 05
5 08
5 01
FrI.,
t!«ept.
Clot.
rf.
iL
«.
d.
Beptember.
s Vi
6 13
gept..(>ot..
!J05
5 13
6 0S
5 13
6 05
6 8
bO-,
Oct..Nov... 8f8
01
HOT.-Dec...
DeovJun.... 6 01
6i
Jan-Feb. ..
Peb.-March
5<ll
5 01
08
02
Mar.
SO* ."04 6 01 .P""
5(6 508 see 5 06
'
A pril
AprU-May
5 61
f>Ol
5 08
sot BOl
iOl SOI
5il 6 01
6 02
6
0:1
Open Higk Low.
Ctol.
d.
a.
d.
d.
510
604
5 10
5 04
S 10
1
6 04
5 01
ft04
SOI
500 SCO
SOO 500
S"0 600
5 01
6 01
6 01
10
5 01
SOO 600
SOO 500
^00 600
5 01
01
60S 603 603 03
603 6(6 505 SOS
Open High
A.
A.
509 509
6 03 60S
SOI BOl
SOO soo
:^00 600
500 5 00
SOI
5 02
504
506
30.
Ijyiv. Clot.
A.
A.
B09
508
600
6(0
600
BOO
80J
500
6 0)
5 00
S"l
508 BOS
604 B04 B04
SOI
B08
sot
5 01
5 68
5 01
54%
Ihuri.
Rt.
51%
52
62
5238
51«5
5|78
53>a
53^
53
Thwi.
Fri.
3278
33>8
33 >4
32%
32%
3;^7g
3.1 >4
33 <4
33 3g
3319
33%
3138
35-%
33 "4
33 Ml
35%
33%
83%
36
SO
32'«
Vovember oeUvery
December delivery
.May delivery...
36%
Barley opened the season with considerable spirit at 73c. for
9\%c, for Canada.
No. 3 Milwaukee and 81
Rye has remained dull, but is more firmly held.
The following are the closing quotations :—
@
V bW.
8prin)( .irueat extras.
irfmn. oiearandstra't.
VLOOB.
92 20«iS2 7i Boitbem bakers' and
*3 50«4 »20
family brda
2 50* 3 05
2 804 3 20 Rye Soar, aupertlne.. 3 3oa 3 60
2 25» 2 50
Fine
3 7.1a 4 50
3 00»3 2.=) Corn meai—
2 60* 3 9S
VTestern, &e
.
3 2d1» 4 2-2 90S 2 95
Brandy wine
4 Jot* 4 7.^
Wl.itenhlpp'gextraa.
Winter X.S. A XXX..
Patents
Southern anoem...... 2 859 3 05
aoatn'n com. extras.. 3 20<S 3 40
Vheat->priug,per bash.
3prlu«No. 2
Ked winter. Mo.
White
Ctom-West, mixed
mix. No. 3.
West, wbite
•»'..«t. yellow
iVeat.
Open Hljh'Low.
52 ia
Wed.
51=8
Sl^a
Buckwh-at
flour,
per
2
100 lbs
55»2 80
5 01
(
!«9.
.•lis
5078
5li8
5138
3^78
Ootober delivery...
Bed winter
Wednea., Scpt.-J8| Tliurs., Sept.
Tue».
51
DAILY OUMZNO PBI0B8 OF HO. 3 OATS.
Hon. Tuet.
Wtd.
Sat.
Pine
aupertlne
Clot.
51%
Hon.
50%
stioog, but quiet.
Tuea., Sept. 'i7.
Cloi.
d.
60I4
5038
Oats have also improved somewhat, though a little irregular; mixed grades on the spot and for early delivery showed
the most strength. The regular trade was active, and this
encouraged speculative buying. To-day the market was very
Futures.
12:30 P.M.
4St'8
5 09
5 08
WhUeJoatbem
RyoBtate
<b
Pa.,
75 4 89
80 » 81
81>iS 83
74 » 84
76 » 82
49 -a .'S2>«
t)lH» 52)4
53 a 56
51 a 53
9
V bosh. 67 9
60
Oats— Mixed
Wlilte
Ho. 2 mixed
N0.2 white.
Barley-Canada No.
rwo-rowed State
2.
32ia* 8S>t
34 • 40
33i«a 34i«
"&3aa 36»a
78 • 80
#
Six-rowed State.....
Kay
81
Mihvaokee No. 2... 71
Malt—Stale, 6-ro*ed. 82
71
State, 2-rowed ....
85
''an.i.la
C>«llfornla
Buckwheat
00
.*••
• 83
9 72
• 84
» 72
*1 00
• 69
The movement of breadstuSs to market is indicated in tt •
statements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
like and river ports, arranged so as to present the oompara.
tive movement for the week ending Sept. 24, 1887, and sine*
August
1,
for
each of the
last three years:
e
THE GHKONICLE.
448
miU.imih'
Bu«)i.60
;4M05
Obleago
Toledo
Detroit
OleTeland
Bt.Lonl>.
Feorla
...
66..H16
278.311
20.000
1,600
Dnlnth
35,550
2.830
!87,424J
147.487,
12.B.14
297470
8,140
8,881
6.016
3,500
19,067
89,755
10,400
234.900
36.351
882.365
65.507
5,^23
7,700
375,100
41,700
2,689,6P7
1.05.'',458
386.867
+3,119.047
196,536;
2.835,741
l,72i909
2,069.304
1,874.709
Bamevk.'SS.
BHut AUQ. 1.
15»,5al
1,W)S,913
2,429,448
2,103,079
558
11500
343,200
29,285
'
606,021
9,851
862,059
842,885
684.590
2^947,080 20,843.871
15,839, 700 17,li93,613
17,899,415]
4,425.0;i7
14,675,090
1,614,912
815,4ti4
Includes 1,559,610 bush, at Minneapolis.
89,S35
179,103
90,610
180,840
26,3.i4
61,573
128, S66
8'>,48t
1.60D
P5,919
47,975
3,S70
10,715
47.455
27,457
10,830
*«>
1,
6C0
-
;00
25,800
4,400
100
5,100
Total week... 313,1361,332,472 708,649 752,045 50,900
7,372
Oor.week'86.. 365,158 2,558,093 1,523,367 1, 13i,9i)l 65,730
The total receipts at the same ports for the period from Jan.
1 to September 2i, 1887, compare as follows for four years:
10,635,753
9,359,142
*1«85.
9,793.509
bnah.
70,182,121
48,t7.'!,725
34,209. Ia2
66,S37,968
32,52S.5i9
2,443,771
873,369
36.497,791
23,2 4,53 J
^
25,203,219
2,318,628
607,313
50,318,449
62.204,592
28.27^,333
2,754,114
453,111
3.5,685,3 i3
..
l«fi7,
bblB,
Wkeat
Com....
Oats
Barley
Bye..„
*l«>»6.
*
><'<4.
9,560.762
2.48l),i)5><
3,s*04.t)99
Tntm grain... 132,520,468 143,992,599 188,369,080 114,630,806
• Include one week extra.
The exports from the several seaboard ports for the week
endinK Sept, 31, 1887, are shown in the annexed statement:
from—
New York
..
WAeat.
Oom,
JFJour.
Oai».
Bye.
Fe<u
BtuA.
332,444
45,015
BtUk.
114,091
83,744
Bblt.
Bvh.
Bmh.
Buiih
115.989
86,638
103,5S"4
35,384
33,293
2,485
4,275
M.Newe..
Phllanel,.
18,'
Biltlm'ie
H.Orl'rc
Elclim'd.
Tot.
00
42,111
(<,398
3i8.134
33,034
850,181
259,689 "S23,217
747.540
172.25-
4 275
44,599
52,374
143.251
The destination of the exports is as below.
•arreepondiuK period of last year for comparison.
Flour.
We
aau toe
meek
1887,
Week,
Oom.
Wheal.
1887.
Week.
1886.
Week.
Sept. 24,
Sept. 25.
1886.
Week
Sept. 24.
Buth.
Sept. 25.
ButK.
894,275
450,842
Bblt.
Hbtt.
111,993
21,356
12.010
11,490
15,062
317
551818
Brit, col's
Otli.o'n'ts
219,155
6,019
36,62 S
15,076
46,3^2
957
Total.
323,217
172.258
8f 0,181 1,345.117
{Tn.Klng.
Oont'nt..
B.AC.Am
W. Indies
By addmg
tnis week's
290,293
40
1887.
Week.
lbn6
WMk
Sept. 24.
Buiih
1H3.594
57,176
2,034
5,bOO
Sept. 25.
Hu-D
535.233
18rt,l78
20,0 9
6,03u
"l,685
movement
259,689
747,540
to our previous toiaiu »
have the following statement of exports
this season
and
last
season:
MttfoHt U>-
Sept. 1,'S7. Sept. 1, '88, Sept. 1. '87, &pt.l,'86. Sept. 1. '87. .Sept,l,'t'6
tr Sept.
en Sept.
tn Sept.
t- Sept.
t» Sept.
to Sr-Pt.
24, 1887.
25. 1888.
24, lb87.
25, 1888.
24, 1887.
25, 1888
BDK.
Dn.Etnf[dom
788.907
Oontlnent...
51,652
8*,041
81.072
97,216
tC.Ain...
W«t Indie*.
Brtt.Cornle«
Otluoonntr's
Com
Wheat
Flour.
B.
30,162,90? 7,258.903
31,071,109 7.570.429
49,596.431 13,955,791
43,«47,2.^3 6,012,619
24,173,030 6,796,659
I
1
t
Minneapolis and
2,511
BbU.
183,888
64,040
6^,782
48,823
61,210
4,607
Bw>h.
St.
Barley,
bush.
6,932
12,047
26<»,000
14,000
30,000
1,735
27,059
2,745
159,312
4,200
131,803
77,393
416,8^1
119.170
68,382
226
4,249
10,593
55,718
6.000
5,79'7
241
32,000
508,777
250,400
25,500
201,300
4,854,279 301,277 956,536
fi80.359
4,7d8,326 313,»41
540.636 1,378,034
4,869,82S
5,579,255 477,241 272,726
3,818,057 l,05tf,697 583,529
Paul not included.
THE DRY GOODS TRADE.
NEW York, Friday, P. M., Sept. 30, 1887.
Business in the wholesale branches of the dry goods trade
was restricted in volume during the week under review, the
intervention of Hebrew holidays, which were strictly observed
by numerous buyers, having contributed to tbis result. At
first hands the demand for both domestic and foreign goods
of a seasonable cbaracter was strictly moderate, but the easier
condition of the money market has had a reassuring effect
upin merchants, and there was more disposition to pUce orders
for certain spring and summer fabrics for fuiure delivery
a fair business in this connection having been done by commission houses and importers. The jobbing trade was irregular and decidedly less active than a few weeks ago, yet a very
fair distribution
was made
in
package and aseorted
lots
by
leading Josal jobbers, and there is a very cheerful feeling iu
jobbing circles because of the satisfactory outcome of the fall
The tone of the general market conand stocks are so well in hand thit " job lots"
are much more difficult to be obtained than is usually the case
at this advanced stage of the season.
Domestic Cotton Goods, The exports of cotton goods
from this port for the week ending September 37 were 1,584
up
to this period.
tiaues steady,
These shipments include 446
Bufh.
Bwih.
Buf
8,191,111
3.003.187
765,188
1,308,723
l,981,8,'i3
3,294,089
2,362
420,569
26.488
24.970
656,401
2,605
74.787
39 9^4
625
24,100
Central America, and 124 to all other countries. Since the Ist
of Jinuary the exports aggregate 146,075 packages, valued at
Of this total China has had 74,989 packages
18,703,098,
valued at |3,563,063 and 29,070 packages, valued at |2,086,For the similar period of
304, have gone to South America,
;
Xxporta
4
Tot.Sept. 24,'87.
rot. Sept. 17,'87.
rot. Sept. 25,'86.
rot. Sept. 36,'8o
rot.8ept.27,'84
. .
Sye,
bush.
954,035
to South America, 383 to Mexico, 224 to the West Indies, 165
to China, 100 to Aden, 68 to Europe, 45 to East Indies, 29 to
673
4,260
w'k
B'me tune
IPBB .. 1.345.117
for
33,700
722,426 1,846,841
1,280,000 1,103,900
&,
bush.
48.476
115 823
152,780
46,240
54,783
21,616
pack'iges, valued at $111,237,
68.976
26,470
1.463.639
1,937,380
92,OuO
4.700
........
Oats,
bush.
—
Norfolk.
Montreal.
439 So 3
Corn,
572,788
63.000
64,000
24,374
river
On lakes
On canal
trade
SxportM
Bwton.
fhtladelpMa
Peoria
'n.llanapoUs .....
K lasasOlty......
Mississippi
The receipts of flour and i^ram at the seaboard ports for the
week ended September 24, 1S87, follow
By>,
Barlej/,
Oat$,
W/itai,
Com,
Flour,
bu«/i.
&?wa:
biuh,
bitsh,
bush,
A.tbblt.
23,900
New York .....127,151 766,050 475,800 464,1'
Flonr
Boston
Foronto. .........
lOQtreal
On
1,536,013
37,000
143.465
29,699
360.643
903,418
56,955
261. "20
..
45,150
88,144
879,777
692.558
Bioliinond
Wew Orleant.. .
Do afloat
Olnolnnatl.....
Paul
4,lnS.764
73,282
14,806
29.377
57,160
3,405
7,975
bush.
5,67t!,650
ir,.
17,006,802
Beaton
Montreal
FhUadelplUa...
Baltimore
al-
alianeapoUs......
15,392,817
t
store
Lonls
Biltlmore
19.944.318
Inolade one week extra,
ii.
37,5TB
1,897,930
1,052,6 72
....
lbs
21,304
Tot-wk.'S?.
Bsniewk.'86.
1«.7
1888*
1885'
In
AM».4«'^ BMiUJSf
fVou XLV.
Wheat,
Bvi.
Airlev.
lb
l,27J,82o
2,0.17,157
211.968|
4,340
4.665
Z1.3K0
...
On Auli.SH Ih ihuh.38
261.536|
38,445
5,959
Ifllwaakee...
Oaf.
Oom.
Whtat.
WUmr.
at~
Eeceipts
—
..
.
2.159
6.216
1886 the exports to all ports reached 164,077 packages and in
1885 were 139,731 packages. Tliere was a fair movement in
pKia and colored cottons on account of back orders, which
absorbed a considerable portion of the output of the mills,
out new business was chiefly of a hand-to-mouih character,
and only moderate in the aggregate amount. Scojks are for
the most part in excellent sli'ipe, and prices remain steady on
all desirable makes of brown, blt^ached and coioiei cottons.
Print cloths were quiet ia demand, but priues rul d Arm on
t e basis of 3 5-16j. cbsh for 64x648 and 2,?g@2 15 16c. for
S ocks last Saturday and in the three previous years
56x60^4,
were as foLows
:
Sept. 24,
i887.
Stock of Print Olotht—
173,000
Providence
manut'rg.
aeld by
Fall Kiver manufaoturers... 64,000
62,000
Provldenoe speculators
75,000
Outside speculators (eat)
Sept. 27i
Sept. 25,
Sept. 26,
ls86.
57,000
20,000
84,000
15,000
i8B5.
1884.
363,000
311,OkO
280,000
150,000
419,000
515,000
295,000
160,000
374,000 176,000 1,104,000 1,379,000
Total stock (pieces)
Prints were mostly quiet in first hands, but a fair distribution was made by leadin,; jjbbers. L'ght dress ginghams,
zephyrs, &c., were in fair demand, and some good-siz^d orders
were placea for later delivery.
Domestic Woolbn Goods. Men's-wear woolens were in
mooeiate demind uy tbe clothing trade, and new business,
—
1.081.429
coupled with deliveries on account of back orders, reached a
5.174.999
7.288.708
1,239,837
2.087,137
Prices though low, and in some cases
fair aggregate amount.
The visible supply ol grain, comprismg the stocxs
granai j bareiy remunerative to the mills, are for the most part bteady,
at the principal points of accumulation at lake
andseaboaid and stockn of really desirable goods are well in baud, while
porta, and in transit by water, September 24, 1887
:
many makes of cheviots, cassimeres, suitings and worsteds are
Wheat,
Oom,
Oati,
,
BarUj., largely sold to arrive.
Cloakings and stockinets were in fair
In
itore atbuth
buth.
buth.
brith.
but)
New York
L\ght-w ight sati5,344.742
request, as were black and blue beavers.
213,277 350,036
21,924
18.5-15
Do afloat
158,9t0
174.800
10,0011
nets were ordered in fair qu^ntitiei for liter delivery, and
Albany
i.ooo
27,000
50.300
6,1 00
3,000 there was a fair movement in Kentucky jeans and doeskins.
BuBalo
2,355,829
332,636
67703
86,112 100,303
some fieedom, and
Chloafto
4.H70.466 2,2i.0 04-< 1,326,268
46,059 2 8.^14 Flannels anil olankeis were joobed witn
Milwaukee
Worsted
912.843
2,318
18,9,,0
20,116 144,736 toere was a light re-order demand at agents' hands.
Dnlutli
734.046
and all-w ool dr. ss fabrics continued in stejdy, though moilerate
Toledo
l,.M-,734
53,737
31.617
21,580
makes are firmly held. Carpet-' were in
5*tro»t
719 3i'0
18,765
5'27
17,997
5-8 request, and staple
O«»ego
40,000
28,000
1,000 115,010 moderate demand at firm prices, and there was a good busi-
Total
m
,
—
M
.
October
1,
—
..
THE CHKONIOLE.
1887. J
neoB in fancy knit woolens, but wool hosiery and underwear
rulpd quiet.
FoHKloN Dry Goods were distributel in fair quantities by
jobberti, but the demand at flrxt handH waa irrt'^ular,
Drexe
?:ood8 were in moderate requ' at, nnd some pretty K"od orders
or certain sppcialtifs adapted to the sprint; tr<ide were pi iced
with iuiport>-rs.
Drem silks were more or lesi qaiet, but
plain vt-lvt^t') and plushes were in fair reiiue''t. Clothing
woolens have not Hhown much animation, and thTe was only
a moderate biisiDes in other imported fabrics. Values have
not materially changed, but velveteens and fancy velvets
favor the buyer.
Importations of Drr Qooda.
The importations of dry ^oods at this port for the week
ending Sept. 29, 1887, and since Jan. 1, and the same facta for
the oorrespondiufc periods are as follows:
e
Si
5
?:
S:
s
S
^
i
;
i
s
•
:
;
:
o
;
:
»V3
M
ifrW
»0**
lOMM
CM
M M
Kiy
too
c;ic>3
tsco
O-J
to
a *- X to
r
te
CD -00 JOO)
o»
IV !0
O yi*-i-' "
o ISf CM-ICtOO
^ MM
WIC o:w h-to
^^to^
COOS
^o
: -1 - O
<-
*q cc -1 01
**
co;;»
f- <l £ O X
CO
*3^CC-J
^iccoeooi
O'Ol'^X
Ui(«
a
co%
#-
U
.
OCC
fCCD-J'^i
S
1^
WM
<
a*
loto
:d
*JM
J*
o:o>
•goo
O
h.h.
l^aoowa
oa
V.
(^ «^
)(^ •si
to
I
MMMMM
W
'
C306ift.CgtO
I
»
MM
00
W
'I
o
^^
Ob cc 00 coo
to
10 --
CtS
I
to**
X to
to D X. #.
^pys uco«
-J"
U
CDC>;.:oto
'
CD^iyioiyi
06Cn
1
I
.:
Ashes, pots
Ashes, pearls
Flour, wheat
Flour, rye
Com meal
Wheat
Rye
f-
u»
rf-
o
cc>u
M -v^QO©
i-* 31
as.<D'jiv>
WCO
a, en
CDtO
M
j
-1
I
ceo
I
bbls.
bbls.
bbls.
8,666.962
1,864
88.067
86,590,786
3,885.413
1.647
8H,i29
23,618,716
le»,778
bbls.
....bbls.
bbls.
Xar
bbls.
Pitch
bbls.
Oil calce. ....... .... ..............cwt.
8S3
162
21,348
144,723
6,276
3,725
1,467,788
13,812
131,515
5.665
3.318
1,901,287
gals.
gals.
....gals.
gals.
...gals.
9.611
120.011
419.720
50,242
269,243,299
136,316
52,546
601,598
87,516
280,834,855
bblB.
bbls.
tierces.
123,241
52,163
28.449
179,794,957
8,037,881
6",301,079
133,048,700
13,015
29,026,939
57,668
45.345
5,93 s, 151
116,472
124,687
37,099
29,189
194,292,339
8,683,664
62,14^,506
169,764.245
12.859
17,164,049
b9,j78
46,341
6,2id,«78
133,781
tons.
.pk^s.
Pork
Cutmeats
Butter
Cheese
Lard
J'CP
w,-*^ Oi;^
lbs.
lbs.
lbs.
lbs.
QD'oCO'tO-*
Rice
o-
Tallow
Tobacco, leaf
Tobaooo
M 01 "D no
—W
1
4*.
10
626,20'il
7.042
188.S79
17,884,637
33,730
87.223
608,444
161,247
74,561
16,389
Provisious
Beef
Beef
00
163
bales.
bales.
pkgs.
..bales.
bbls.
lbs.
hhds.
bales
and
cases.
Tobaoocmanufactured
OtOUtOM
0)A
3,768
bush.
bush.
bush.
Linseed
Petroleum
coos
M w y» oosof-,
CO
^
M
AM
7ft3
36,607
287.210
120,09 i
58,314
160.929
9,490,275
36.384
49.017
506,118
146,277
63.784
2,253
^ CD c^ y*
O«01
-4
BamaUmi
pmUttuyat
1,
lbs.
bosh.
basb.
bush.
Lard
MfcOMWOi
eft
1886.
Breads tuffs—
OQoV to^
C<
«nd
bbls.
bbls.
Beeswax
Whale
Sperm
lO^XOtOU
'
in 1887
Oils-
M-iOO'JtO
I
leading article* of
97,
1S87.
Rosin
OSM-O
all
Mnee Jan.
Spirits turpentine
*W*:DioioV
M
<
tw
COCDMtOCd
Ifk
o oc^
»-^
03
I
I
mcDOS^ —
MA
iff
j
O 0DM3J— Vo
ou<^toao
<!-'
•o
-J'tjuh-
<|H«
b.fcO
M*.
CDO
.
— to >co
v
1-
COQO
a
M oo
X
WhalAlvinA
._...
lbs.
lbs.
...
»-
K)
^c. M -CIO
C0<JtCOM
g ^a
tcM*
C CCCni^ Jb
M ux X jL A^^
t—
M C&UL
c o. a *j o
COJ-JLo i^o.
th-
rj
sJL
Ub-
Q<
U 00 >
K.
Cm
V
ix»« O)^
Ob
tOli>.
CD
~JM
o.»
!CK
^JO
co^
ao>
^»a
Cjo
ro
o«o«Myo
*1
^
OOO^CflCD
O
toco
'DU>
^J^
ucs
to
-J
"-"
rO
t*rCC*-0
u
pa
(^
to
to
<i
^w ^OCCUM
«l-J-J.-J.^
* *- C3
10^03
I
^rffc
T)
^
10 ^1
of
1 to Sept.
Naval StoresCrude turpentine
*-•
M
R to
^Jtf^CMO
»^^
M
o
New York
domeetio produce from Jan.
Hay
C«
Vi*.
CO
based upon Custom House retuma,
Hops
C0«»OOV(X
i^OSC^JOO
o
table,
Candies
Coal
Cotton
Domestics
Pi
1
:|S
!
i!
Si
li
00
^1
The following
shows the exports from
Com
1
li
Exports or Leadinc Artlelm of Domealla rro4ae«.
Oats
Barley
Peas
K
S
P?
449
,
to
o
1
Ol
CO
(Oh-Mt-'tS
«.
W C M l-
C"*- JC
-oo*
!
1
j
'
tats .
O;
t3if»
^-^^*»co^
CD
OS
-^1
ai|(ktvC^co
y u. — »
'
OS^D
CD—
Ui~4
WtO
«
I
OS ji
kol
C0£
r-
I
o—
00
JU
CO
U»>COmO
i
^fO*^ZC<i
,
"cOOmCo'ss
oc'^'o.W
I
to-i.ta'Oao
£ 1^
5|'
Receipts of Ijeadlns Articles of Domestic Prodaee.
',D
The following
iK<i>osai
I
rf»-ptOOtO
wO
articles of
domestic produce in
27 in 1887
and 1886
tOWi»-
Is
1887.
ba<{S.
41,073
28,t75
42^,358
5r,4bl
10,oo«
11,770
1 ,uae
12a.6.U
Cottee, bugs.
2,lc9,B';8
Cot tou, bales
Drugs, (Sic—
Bark, Foru.
3,y77
2,497
Blea. iiowd.
23,6/i4
Clilna
Since Jan. 1,
1887.
Eartlieuw
Glas8
.
OliiBsware
Glass plate.
Buttuuii
Coal, toun...
Cocoa,
.
liuu, pig...
"
27,4^1
403,.J13
RK. bars
I'aper Stock.
Cocliiueal..
972
Gaiubior .
Ouiu, Arab.
ladigo
86,15^
7b-i
9jb Chauip'gne
Uadder, &o
OU, OUve..
370
Opium
.. ..
Soda, bi-<ib.
Boda, sal...
Soda, ash..
Flax
Furs
Ounuy
cloth
Hair
Hemp,
bales
Hides, &o.
59,879
1,."j07
6,71)7
13,426
47,850
«,880
18,3i4
3,864
30,419
2bl>,;>81
baslicts
.
Wines
Bti7
66,173 Wool, bales.
l.^il'BeporUid by
12,bOi! valut.
Fancy goods
o4,64i<
5,0!.2 Fish
16,479;FrulU, *0.—
3,i!lo| l^emons .. .
..
.
Jewelry
Watches
..
.
.
Linseed
Molasses
Metals, <&o—
2,678
5,409
66,597
l,5d4
326,836
6,229,8 S7
20(j,4i7
.
2,5 ;0,'i/0
1,5^1.616
2:i,9i 9,550
8^9,161
60,o77
1
2,888
1,744
9«,4 5
90,8 12
Cutler)-....
6.183
Hardware.
541
1 to
Sept.
148,210
158,358
78,921
124,382
17H, 06
96,3 iS
$
l,2.i>0,415
1,207.752
479,143
497,641
410,331
2.296.573
1,904,914
45
.
.05 n
l,'.<4b;8aitpetre ...
56,97^ Woods—
73,834 Cork
Fustic
4,121 Ixigwood
4^5 UaboKany
bales.
bales.
sides.
583,5 J4
6(!3.405
1U,0.^9
41H.42
3o5.536
bags.
76.416
77.378
78,888
29.793
652,066
feanuts
t^o visions—
Pork
Beef
Cutmeats...
Butter
Cheese
pkgs.
pkgs.
pkgs.
Pkgs.
.T)bls.
tos.
& bbls.
kegs.
Hogs, dressed
Tobaooo
Whiskey
Wool
2z8,469
Pk«^
Tabls.
galls.
Oil, whale.......
Tallow...
Tobaroo...
35.432
69,524
2,028,478
467,633
3,143
bbls.
pkgs.
185,91(1
8.>,975
1.391
87.999
259.586
18,168
1,221
331,465
3,701
bbls,
bbls.
bbls.
Pitch
Suijar
Sugar..........
709,203
79,980
618.513
36,889
bbls.
Oilcake
OU, lard
99.«52
333 063
.....bbls.
Rosm
Rice
Spelter
Stearine...
25,1;»8,120
14,72r>,407
5,3.!7,761
21,616
Turpentine, spirits
Eggs
Lard
Lard
372,566
12,718,978
14,430,972
6,231,903
201,272
644,630
60.D95
507,658
78,792
8s,828
67,m63
19,529
1,671,185
293,704
hi
Naval StoresTurpentine, crude
103,701
870, >ba
4!<.3,0tio
3.717,467
250,926
27,082,433
185.067
No.
0<!,te8
802.202
5 ,3-^:0
..
4,916.866
259.018
3.S,324,199
bags.
bags.
llO.Oti.'i
fcZJ.z38
222,94i>
bbls.
bbls.
bush.
bush.
bcsh.
bush.
bush.
bush.
bbls.
i
Same time
previouM year.
1,333
70,597
bales.
oil
Tar
2i,47.) Oranges ... 1,1S8,3S1 1,001,!<H4
240,401, Nuts
1,080,046
787.420
621, s9o
3o4,6dU
Raisins ....
2,870i Hides, undr. 12,004,<.bS 14,2^2,8 19
li9.280
B,482lKice
358,351
68,«34!6pice8,*0.1,3811 Cassia
Ginger.. ..
2,747 Fcpiier
Com
5,190.522
»77,87o
84,503
2,54
10. ,3 2
3,006.4ao
t
Bristles
Hides, dr-sd
India rubber
Ivory
Jewelry ,&o-
wheat
Wheat
Rye
Molasses
Molasses
10.601)
4i;,5-0
$
i0,637 Cigars
Flour,
253,iidu
75,750
Lead, pigs
Spelter, lbs 6,441,198
7,290 Steel
3,3.<0,dll
11,74
Tin, boxes. l,511,:i65
33,i3o TiU8lb8.,lb8 ^o,296,«64
5,45
Jan.
1,623
63,668
bbls.
bbls.
Com meal
346,779
1886.
107,293
50,J-.<.5
5S,5o.
Ashes
Beans
Breadstuffs-
Oats
Barley
Peas
Cotton
Cotton seed
Flaxseed
Orassseed
Hides
Hides
Hops
Leather
Lead
Ac—
2,467,1*7 Sugar, hhds,
7,742 tcs., & bbis.
Sugar, boxes
2,04* and bags...
8y,4lO,Tea. ........
1,05B Tobacco
44,«S'*|Wiue8,&o.—
7,319
specified.!
1887.
33,149
New York from
— J"iUOS
1886.
Metals,
to the
:
MC1M*-M
*»
given in packatrea wlien not otlierwiae
Oliina, 4tc.—
made
Produce Exchange, shows the receipts of leading
i^CO^tOOS-ie
tf^^XMjO —
•-C0tDai;O
Imports of lieadins Articles.
The following table, compiled from Custom House returns,
ahowB the foreign imports of leading articles at this port from
January 1 lo September 23, in 1887 and ffe6:
[The quantity
based upon daily reports
New York
M vtOOSM
I
table,
com'— 'oo"-j
MOMCOO
1— JOCLir- 10
vO
/-O^*-*
I
:;i
-•
CO
J3
c;tjLtOi»> ~j
I
I
WtOOlMtp.
OOCOtCCDO
CD
oncji
OS
M
O
05
w
'-
M M o to
03M
I
CDW^*.M
'
ooV-osiorf*-
QOrf*.
tf*'tO
I
I
to
&.cops^<i^
t« 0>
ticis
- *. CD J- #-
h-
I-
-jc^toato
if>-if»
r
PP
V ODOS
cd"1»
eCr-Wr-CJi
'
to
00
OD
OS
to
OS
No.
el's*-
slabs.
.....pkgs.
roDIs.
hhds.
pkgs.
boxes
dk
oases.
hhds.
bbls.
bales.
59.345
2,514
65,846
244,566
1»,919
810
67,904
1,445.032
38.448
(632,072
1.216,641
1,465,724
995.542
262.792
182,498
3i,147
60,521
124,146
16,494
586
898.830
38S,464
180.994
33.445
49.960
66.064
ii'*!!
1,233
1,476
54,996
99,«>4
66,602
137.395
112,986
^•*iS
86,863
103.609
98.306
161.714
129,257
1,2.^6.882
THE CHRONICLE.
450
The
340 La
Salle St., Cblcago, 111.,
SCCDDER,
(M. L.
Proprietor.)
Jr.,
Securities.
Idtfgo Library of Railroad DocamenU.
Competent Kxperts.
CoDddential Reports,
Moderate Ctaargea.
STOCKS
BONDS
and
At Auction.
8A1.E8, of
all olaaaes
of
ON
No.
1
II.
No. 36
AND SATURnAYa.
WFtllJlCSnATB
MVLLER &
Bonds and Stocks boUKht or sold on commission*
QeorKia and Alabama Securities specially dealt in.
Correspondents: Tobey tk Kirk and A. Dutenhofer,
New York.
References Atlanta National Bank, Atlanta, Ga.,
*n(l Kourth National Bank, New York.
;
C.
State Bank building.
Private wires connectlnK with WaahlnirtoD. Baltimore. Philudelphia ttnd New Fork
Nbw York corrpsiionilents Prinn« A Whitaly
PENN!<»%L%A>\IA.
BOSTON.
W.
K.
BOSTON STOCK EXCHANGES.
Dealers In ninutclpal. State, Railroad
finSted States
Bonds.
WiLBoVK,
Charles H. Sheldon, jr
Mining Co., Joshua
Benjamin A. Jackson, WiLLLAU Binnst, Jh.
48 exchange: place.
Wilbour, Jackson & Co.,
_
h. r. baltzer,
Preaident,
B.y. MAKTIN8EN,
' W. B. MANTIDa,
Becretarr
W. UALL, Sup't.
Treasurer.
G.
l^EYBOSSET STREET,
PROVIDCIVCE, R. I.
No. 62
Dealers In Commercial Paper. GoTemment and
other first-class Bonds and Securities and Forelfrn
(Cxc^anKe.
Private Teleirrapb wtre to New York and Boston.
Ittsuraujcje.
No.
3fi
Railroad, runnicipai and other desirable investSecurities for sale.
TrHusaCkutfeDoral banking business. Allow Inter-
un doDOMts.
Members uf the Philadelphia and New York Stock
KxcbanKes, and ounneoted by private wire with New
est
Vork.
BANKERS AND BR0KBK8,
Vice-President,
Co.,
ment
Consolidated
Faui, Uchtbnstkin,
&
Clark
BANKERS AND BROKERS.
Souili Third St., Phttadelpbla.
ALSO,
and
Co.,
RICHinONOy VA«
Estabrook,
MEMBERS OF THE NEW YORK AND
COLORADO CENTRAL
W. Branch &
bankers and brokers
BANKERS,
CONGRESS STREET,
SON,
PINE STREET. NEW YORK.
ATLANTA.
Humphreys Castleman,
Cobb
&
"^orfe.
SECURITIES.
PUILADBLPUIA STOCK EXCHA.NGBS.
Stocks and Bouds BoDght aud Sold
In all Markets.
Brewster,
^cw
of
BROKER AND DEALER IN ALL KINDS Of
BOSTON.
MEMBERS OP BOSTON, NEW YORK AND
STOCU.S AND BOND»,
ADRIAN
Co.,
BANKERS AND BROKERS,
No. 53 STATE STREET,
RfODLAB AUCmO^
Xhe Underalimed hold
©wt
SOUTHERN.
&
Irving A. Evans
ANSWERS INgUIRIKS CONCBBNINQ
American Stock§ and
l5ro tiers
NEW ENGLAND.
Agency,
Investors'
nn&
ipaufeers
^inaujcial.
XL\.
'lVol.
&
Gerlach
Harjes,
Narr
Successors to
Verlacli,
&.
BANKERS ANU BROKERS
CHESTNUT STREET,
PIIII.ADBI.PII1A.
No. 437
Members of the Philadelphia and New York Btoek
Kxchanues.
Cable Transfers, Bills of Exchanxe and Letters of
BALTIMORE.
The United
States Lift
Insurance Co.
THE CITY OF NEW YOUK.
IN
(OBGANIZBD IN 1K50.)
861, 262 & 263 Broadway, New York
G. n.
0. P.
BUKFOUD,
FaAuiiGH, 8eo.
Wm.
AU
T.
A.
President,
Wbielwbight, Ass't Sec.
Standen, Actuary.
the prodts belong to the Policy-holdert exolnPolicies Issued
ABLE after tbree
by this Company are indispcT.
years.
All Death Malms paid WITHOUT DisootTNT as soon
as satisfactory proofs have been received.
all
forms of Insurance, In.
rn-Forf eitinsr) Ton-
One month's grace allowed In the payment of
Premiums on Tontine Policies, and ten days' grace
on all
others, the Insurance remaining In fall forot
during the grace.
Absolute security, combined with the largest liberality, assures the popularity and success
of this com.
pany.
—
GOOD AGBNTS, desiring
to represent the Com
pany, re Invited to address J. S. GAFFNBT, Super
Intst dent of Agencies, at Home O9oe.
MANHATTAN
16«
AND
_
I'remlums
,
NEW
TO January
i,
YORK.
Correspondence solicited and InformatL.n fur.
Assists
131748115
'
'
24,986,759
,, ^litlL^J)
Itfciib'^^r^^SSrAT^^'!"'desired'**^'*'''*"
'""'
&
Co.
°""-">"«'t«''le, dean,
'"^ P'"'"<!'PM'°K or not, as
Wood
'^i"^}"-^ ^"1 Cunvassers wanted In deslr•hi^V^S',
terru.ry, I., «h<,ni permnnent, employment
and
compensation will be given. Address,
iiK„
llbeial
McLBAN, President.
rf .•''^•^K-l,M.
L Haisay
Ist V.-Pn-s.
H. B. Stokes. 2d
I
T
J.
H.
Y.
W emple
Secretary.
S.
V.-Pres.
N. Slebblns Actuary
JOSEPH GILLOTtS
STEEL PENS
GOLD MEDAL
PARIS E3(POSITION-I87a
THE MOST PERFECT
OF PEN.S
Co.,
Street, Pittsburg, Pa.
MEMBERS
New
York and Philadelphia Stock Exchanges.
Pittsburg Petroleum, Stock and Metal ExcUantire.
New York, Boston, Philadelphia,
Baltimore and Washington.
Robert Garrett & Sons,
BANKERS,
No. T SOl'TH •TREET,
BALTiaiORE,
PlTTSBtJRW, PA.
E8TABU8HEU
Wm.
And
BA.S'Kl.WO
BUSINESS.
&
bons,
Securities,
33 SOUTH STREET,
,
B A I.TIITIORE,
ItID,,
Have Western Union
wires In their offices, b)
means of which immediate communication can be
had with all commerciiil points In the country. Kspeclal attention Kiven to purchase and sale of Virginia ConsoLi, Ten-turties, Deferred and all issues
of the State, and to all classes of Southern State,
and Railway Securities. Correspondence
Swan
BANKERS
ANP BROKERS,
iTIIddle Street,
PORTLAND, mAINR.
Dealers In OoTernment,state.County,Clty and Ral7
road Bonds, Bank Stocks, Ac.
Desirable Investment Securities constantly on hand
A. L. Hartridge,
GA.,
SECURITY BROKER.
Buys and sells on commission all classes of &t«olti
snd Bonds.
KeKollates loans on marketable securities.
w-"" York Quotations (urnisbed by private ticket
every -tf«en mtnutes
HOinAS
BRANCH
A. CO.,
BANKERS AND CO.MMIBSION MERCHANTS
KICIIinOlVD, VIROINIA.
Circulars and information on rundint; the debts ol
Vlrirtnltt and N..rth Carolina freeof cost; one-eluhth
per cent chamod for tundluK. Southern Railroad
and State and City Bonds bousbt and sold.
Kvohantfo.
H.
Wm. KAiRUrr
MOBKHKAD.
&
B. iVforehead
STOCK,
Co.,
BOND AND NOTE BROKERS,
No. 51 West Tblrd Street,
CINCINNATI, OHIO.
Chas. H. Potter
Co.,
6c
Investment Bankerst Cleveland, Ohio.
Spkcialtiks Town County and City Bonds Lake
Superior Iron Mininjf Stocks. "Republic " "Cham*
pion," "Cleveland'' and "Jackson." Stukkt Kail:
;
ways— Denver City Street Railway Co., uf Denver,
Street Itailway Co., of Grand Ituplds, MiclM
Col.;
Metropolitan Street Railway of Toledo. Ohio.
KSTABUSnED
P.
SOUTHERN.
St.n«it
WEVrEK.^.
H. B.
ho-
& Barrett,
SAVANNAH,
FOURTH AVKNTE.
No. 57
Dealers In Koverunients, .Stock'
and Investment
Stephenson,
Oldftt IMItwIinrtf meriiht^rs N. V.
Fisher
BANKERS,
OpposiTK SECOND St
1871.
BANKERS AND BROKERS,
TRANSACT A GENCBAl, DOMESTIC AND
FOKEIGN
&
Whitney
RISKS
careful and selected.
PKOMPT. liberal dealing.
&
Prlrate wires to
186
i887.
received
Claims paid to policy-holders, returned
premiums, dlvfdends. etc
4-^5
(INVESTMENT and SOUTHERN SECURITIES s
llelted.
COMPANY
168 BROADWAV,
Organised A. D. 1850.
Exchange),
Bros.
BANKERS AND BBOKEHS,
AND DEALERS IN FOREIGN KXCHANOB,
specialty.)
'"Ity
LIFE INSURANCE
of B^Utiiuore Stock
BALTinORE.
olndlnx Tontine and Limited
tine.
Co.,
BANKERS AND BROKERS,
(Members
i
This Company Issues
Rea
&
Wilson, Colston
aisbed.
N. Y. CorresDondents— McKIm Brothers
•Irely.
AU
Credit.
1871.
&
F.
Keleher
317
OLIVE STREET,
Co.,
ST. LOUIS.
Dealers in Western Securities and Local Bondi;
Stocks and prime Commercial Paper.
George
Eustis
6c
Co.,
BANKERS.
OIIVCIINNA
Entire attention
eWen
I'l.
OHIO.
to purchase of
COTT« N
for SHINVU'HP ,nil KXPORTSBB
TO OBDKH..„..«»«
CNDEX E .*'»» -o ''r,.
N. W.
Hams
6c
Co.,
C'illCAUO aud IIOSTON.
Cities, Ac, of hlKh KraJe a
Biend for Uesorlplive Lists.
nnairiQ of Counties,
PUINUO
Bpecialtr.
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