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W
HUNT'S MERCHANTS' MAGAZINE,
RKPRESENTINQ THE INDUSTRIAL AND COMMKRCIAL INTERESTS OP THE UNITED STATE*
VOL.
SATURDAY, OCTOBER
51.
Jijlte
©hvcruicle.
Terms of Subscription— Payable
in
I
Wetk Endino
1890.
Advertisements ordered for less than one month, in the Cojimerciau
FiKASCiAi. Chronicle, are published at 25 cents per line each insertion. When orders are deflnftely given for one mouth or longer, a lilieral discount is allowed, and the net pricen may be obtaiued on application at the otHce. The lowest rates on permanent cards deflnitoly ordered for one year are 8 cents per Hue each insertion, making .f.iS for
one inch space one year. Space Is measured in agate type— 14 lines to
the inch.
New York
Smith, 1 Drapers' Gardens, E. C, will take sub
Bcriptions and advertisements and supply single copies of the paper at
Is. each.
WILLIAM B. DANA- IXriLLiAin B. DANA & Co., Piibllsbera,
lO'i W^Illiani Street.
YORK.
JOHX G. FLOVD.
Post Office Box 958
Sales
ahara.)
iOoKon
bale$.)
iOrain
I
bushels.)
Pstnltum
,
Other
cities,
cities,
S days
5 days
Total all cities, 5 days.
AllolUee, Iday
Total all cities for week...
New
Total
The fuU
Per Cent,
-10
776,700
991,602
-7-8
—26-
120,490,016
-H)t
I01.a«7,4(»
79.725,S1'
—o-t*
70,888,661
16,615,601
14,16a.u03
8,034.007
1.412.986
766.006
723,719
1.216,216
St.
—3-4
+20
Onlnth
1.114,9.-0
1.243.877
807.201
346.947
+«
+8-7
+17-9
+18-0
+186-8
Total Middle Western
San FranciscoPortland
+25-5
+21-8 Seattle*
Tacoma
15.77S.»i»
l;l.227.!183
-f-18-6
3,7la.8»l
1,190,339
-H44-9
+46-3
845,702
797,65;
-t-U-4
115,278,803
+7-0
111,126,682
+1«'5
77,810,219
12,163.400
6,182.476
5.640,3»«
4.092,119
2,8i7.00U
+192
78329.034
+IT9
+1S-1
+54-0
745,514
+14-8
-H'8
11,944,860
8,964,892
6.746,968
6,530.518
2.418.200
1,989.198
1.641.389
704,473
1.277.600
136,684,401
118,060,865
+20-9
117,759,296
+»9
21.088,440
3.017,428
1,124.172
Omaha.
DeoTar
$1,264,724,161
2-il
92.522,153
14,002,250
8.520.818
6,664.204
5,806,965
3,608,100
2,011,012
1,868.944
779,955
1,104,654
Toledo'
-f31
—
-i-10-8
-1-14-4
80,445,410
4.401,000
1.870.U24
1.163,978
1.174,288
123,383,318
arand Rapida.,
$1,046,619,961
218,104,200
details of clearings for the
-H-5
-3-7
-21-4
-16-3
744,179
8SS,261
1,400.54U
Peoria
$1,078,712,5!<9
I
104.815. ._
S.710.700
2,721.880
1,773,339
1,610.407
1,283.003
l.H24,0»6
16,234.5411
Cincinnati
Milwaukee....
Detroit
$925,017,646
121,602,315
210,694,273
(-3;-3
1-61-9)
+14-9
15.407.48?
W.OlO.lfK
1,729,679
Total Middle.
$938,624,244
140,088,295
(-(-14-8I
15.112,000)
79.286,013
Chicago
-H2-6
•f3-2
(3«.40O)
(33.48<t.3rjl
121,065,061
England.
VVasblDgtoa
WllmlnKton, Del.,
Syracuse
Rochester*
$682,330,160
83,848,035
59,973,491
10,811,416
62,376,000
16,752,413
8,928,130
$1,289.406,812
(i.sss.fse.
i4»4,aoo;
124,846, t83
(1.292,000)
1,389.08H
Indianapolis. ,,
17,690,;<08
(-301)
716.130
433.369
vVorcester
Portland
Lowell
New Bedford.,
Columbus
October 11.
1889.
12,918,961
75.950,000
(1,054.879)
1,501.421)
1.4ea,»Ili
SprlnKtleld....
9,033,967
,
Chicago
8t. Louis
Hew Orleans
Seven
Week Eniino
(67},501,1S3
86,017,570
61,881,288
(1,157.468)
1391.500,
(24.357.C87,
(2,461,«O01
106,419.323
S.90I,3U0
2,142,731
Cleveland
1890.
720.218.4%
Itoaton
I'roTldenoe...
Ilnrtford
BatTalo
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, October 11, have
been $1,289,406,812, against $1,264,357,007 last week and
$1,264,724,161 the corresponding week last year.
Boeton
P. Cent,
-8-2
1.513,<;(ia
bt>U.
Philadelphia
PittsbarK
Baltimore
CLEARING HOUSE BE TURNS.
rhlladelphlA
Baltimore
End"!! Sept. 27.
1890.
8.)2.e31,301
of—
i.3toek9
NEW
New York
P. Oeni.
1,111
764,!
Mew Haven...
London Asents
Edwards &
CLEARDtOB.
Returns by Ttlegravh,
Week
Oct<iber 4.
1889.
Adyertislnff.
A
Messrs.
ondmg September 27. Tlie new crops are being marketed
quite freely, particularly cotton, but rainy weather has interfered materially witli the gathering of the staple in manv
localities.
include Houston, Texas, this week.
Institutin; comparison with the corresponding week of
1889 it is seen that there is a loss at New York of 8-2 per cent,
which is due entirely to the smaller aggregate operations in
share properties in the current year. Excluding New York,
the total for other cities exhibits an increase of 8-7 per cent.
Large gains are recorded this week at Buffalo— 144-9 per centGalveston, 101; Tacoma, 67-1; Chattanooga, 59-7; Milwaukee,
S^'wl*T' ^^^L'^f.^'2'^5' ^J:I; Chatta.ioosa,_59-7; Milwaukee.'
54; Washington, 45-3; Fort Worth, 44-1; Dallas, 42, and Cleveland, 41 '9 per cent.
money orders.
Terms of
1,.S20.
We
AdTancc
For One Ycnr (IncIiulInK postatro)
$10 20
For Six Moutlia
do.
6 10
European Subscription (lucludlns; postage)
11 50
Eiiropt'iin Siil)9cription Six Months (iuchidinir postage)
6 75
Annual Subscription in London (IncludiuR postage)
£2 83.
Six Mos.
do.
do,
do.
£198.
These prices Include the Investors' SupptEMEsx,
issued once In two months, and Mrulshed without ex?ra\lVgTto
sabscribers of the Chronicle.
A tile cover l.s furnished at 50 cents; postage on the same Is 18
cents. Volumes bouiul for sul^acribers at $1 00.
Subscriptions will be continued until detiuitely ordered stopped. The
publishers cannot be responsible for remittances unless made by drafts
or Post Office
NO.
11, 1890.
21,191,830
1,922,722
955.931
708,833
683,274
—0-5
14.997, 126
+t?--?
a.048,l<8
1,021.440
-11-8
+6a-a
1,183,53;-
2,172,
l,B27.43-r
— 11-9
tl6 2
11-9
+24-1
-7-4
+67-1
-St)
1.IS94MB
-t-61-5
-8-»
+14-0
T26-0
+«fra
+»6-«
-6-«
+19-7
-Hll-8
+116-1
-2-1
-t-5-6
LfOS
Angeles
+1-2
Salt
Lake City*
1.616.281
Total PaclBo..
26,0%.872
25,462,590
9,951,206
8,296,372
4,480,642
10,033,667
6,167,514
4,106.682
-I-S4-5
8.400,847
6,220,ftM
+17
4,204.37)1
5,0e!9,IS4
4348.243
4370.398
+28-1
2,888,831
1.467,906
+7i-e
+28-7
+10-3
-fl-6
-(-15-2
week covered by
the
Kansas
824,80
City.,
Minneapolis..
Paul
~1»^728,834
-«•(•
4,H9,156
+22-1
4,762,195
4,0s7.5«9
1,51)5,689
16 6
+3»-rt
Joseph....
2.101, UtO
1,427,924
1.520,743
—81
Wichita'
SlouiClty....
Des Moines..
Lincoln
Topeka.
750,028
1,049,903
792,002
862,450
429,150
711,158
793,143
788,910
662,096
393,998
+5-5
+32-3
+0-6
+29-0
St.
,
621.135
1.200,272
+
731.044
•14,434
685.704
673,290
392,478
-1-1
+«
-HS7-S
above statement will be given next Saturday. We cannot, of
-1-S2-4
+92
course, furnish them to-day, bank clearings being made up by
"+»0
+18-6
S6.a07.367
3o,240.6»7
39,»i!2,141
Total other Western..
the various clearing houses at noon on Saturday, and hence in
+T»
+1-0
19381,418
21,693,161
the above the last twenty-four hours of the week have to be St. Loalg
—lr«
7.103,201
-Ta
9.514,506
New Orleans..
-7-9
6.V4839I
•f»»
8.630.028
in all cases estimated, as we go to press Friday night. Below l^alsrllle
+3S-1
+4-7
1.468.190
1.814,320
Memphis.......
-7-8
+7^
1,991.687
8.206320
are our usual detailed figures for the previous week, that is Klohmond
+49-S
3,81(1.530
2,376,398 +1010
QalTeston
1.194.437
9i)2,C64
covering the returns for the period ending with Saturday Oallaa
^^,
TS'j.aoo,
024,313
Fort Worth...
1,043394
noon October 4, with the comparative totals in 1889.
+»ri
86^063
Norfolk
+69-7
370,000
+26-$
721.038
+8-6
A falling off in the volume of speculative transactions on Chattanooea.
668.6W
Blrmliutham...
-ri
+14-8
396,070
the Stock Exchange is to be noted during the week under Lexington
Iluastoa*
1.728.902
review, but that influence is more than ofifset by the additions NashTllle*
•+»•
4Z2ii3i«80,186.871
52,643.1031
to clearings through the usual monthly settlements, so that
Total Southern
+14-7
-2-« ui98.oei.ies
there is a gain over last week in the total for New York of
l,2e4.857,007'l .»8a.82»,673
Total aU
over thirty-five millions of dollars. Outside of this city the
-t-U'*
4«9.8i«>.i»7a'
'469.773,8»6' 489.«9Ji-7»
OotsW New York
aggregate is about seventy millions greater than in the week
Aufctuuiuawa lu totals.
^^'
,
|
'
THE CHRONICLE.
472
rVou
LI.
department
a few weeks since, and is now being given regularly every week.
The addition is a full-page record of stocks and bonds wholly
during the week, but a private cable to us states that
the bulk of this went to the interior of Great Britain
or chiefly traded in at the Stock Exchanges of Boston, Baltimore and Philadelphia, each day's prices, as well as the highgiven
est and lowest points touched in the year to date, being
out for that purpose.
Triday.
£523,000.
t^~
A new section was
added
to our quotation
meet trade demands, £559,000 having been taken
The exports of gold amounted
to only £286,000, and went to Egypt and the Cape of
Good Hope, and against these exports £187,000 of gold
in
in the case of the more active ttocks, and the closing prices
These went into the Bank as the result of imports from Austhe case of bonds and a number of less active stocks.
The loss of
quotations tralia and purchases in the open market.
extra tables will be found especiaUy useful, as the
down by telegraph to the close of business on gold by the Bank of France during the week has been
are all brought
_
to
The Bank
of
Germany
reports a loss of
46,614,000 marks in gold and silver.
TUB FINANCIAL SITUATION.
Our New York City banks have
lost
this
Our foreign exchange market was heavy until
week both Wednesday afternoon, when it became dull and steady.
the Treasury operations and the shipments of cur- The influences operating were firm money on time
rency to the iuterior, these latter having again been loans, a better supply of cotton bills, and a very
on
money have remained com- light inquiry from merchants, who, instead of reThe bank statement of last Saturday, mitting for goods, find use for all the money
reserve, led to a temporary marking up they can spare in the payment of duties.
The
quite heavy; yet rates for
paratively easy.
with its loss of
of rates on call^ and the liquidation in the stock market arbitrage operations for the week have had little or no
also had some effect at times in causing momentary effect, for the early buying for European account has
firmness if not actually higher quotations for money. been followed by selling.
On Tuesday Brown Bros,
On the whole, however, the situation has favored borrow- and the Bank of Montreal reduced rates to 4 83 for
ers. The Treasury circular, issued Thursday afternoon, long and 4 87 for short, while the Bank of British
offering to redeem further amounts of 4^ per cents, came North America posted 4 82^ for the former and 4 87^rather unexpectedly, and it is to be noted that the for the latter, and Kidder, Peabody & Co. 4 83 and
continue open "until further notice," so 4 88 for long and short respectively.
On Wednesday
that the Secretary appears to be ready to take all bonds all the drawers reduced to 4 82 for sixty-day and
The purchases yesterday under 4 87 for sight, and these were the rates ruling at the
that may be tendered.
this circular amounted to only $5,000.
close of the week.
offer is to
Call loans, as represented
ranged
this
week from
by bankers' balances, have
7 to 2^ per cent, the
being about 4^ per cent.
Renewals were made
The report of the Agricultural Department at Washaverage ington, issued yesterday afternoon, does not reflect a
at 5 per very flattering outlook for the leading crops.
It is
Banks and trust companies loaned at 5, as the
minimum, while some obtained 6 per cent. Time money
is still quoted at 6 per cent for all dates from sixty days
to six months, and loans of this kind are hard to
cent.
satisfactory to note, however, that the condition of corn
undergone some improvement since the
general average for the whole country
last report.
is only slightly higher at 70*6, against 70-1 in Septemobtain, for the reason that lenders generally prefer to ber, but through the kindness of Mr. J. E. Dodge,
The demand is good, and transactions Statistician of the Department, the figures for each
loan on call.
are reported for various dates, but none below 6 per State have been telegraphed us, and there we find a
Some, of the foreign banking houses are putting change for the better in quite a number of instances.
cent.
their balances for ninety days only, expecting that Thus, Illinois now stands at 72, against 68; Missouri
out
by the time these loans mature money will become 80, against 77 ; Indiana 71, against 70 ; Kansas
active by reason of a mercantile demand for funds 43, against 42 ; Nebraska 54, against 52
Ohio 60,
irith which to pay duties on goods now in bond, but against 56, and Kentucky 80, against 76.
On the
which under the tariff law will have to be withdrawn other hand, in Iowa there has been a fall from 75 to 73,
from the warehouse before February 1. Commercial in Michigan from 75 to 72 and in Tennessee from 78
paper is in good supply, and the assortment of names to 76. Notwithstanding the reduction in Michigan,
Eates are the average for that State is higher than in October
is first class, but the inquiry has fallen off.
at least has
The
;
5J@6
per cent for sixty to ninety-day endorsed bills
6@6^ per cent for four months' accepand 6^@7i per cent for good single names
receivable
tances
;
but that is the only prominent State of which
can be said, for in all the other States the condition
is very materially lower than last year, and also lower
Here is a comparison
than in most other years.
last year;
this
having from four to six months to run.
At the European monetary centres there has been no extending back to 1884.
material change in money during the week, though all
CONDmON OF
the leading banks again report large losses of bullion in
1889.
18S8.
1890.
Btaies.
their weekly statements.
The great decline in stocks
72
90
98
nUnols
here was of course reflected in the London market, and
97
99
73
96
92
80
naturally caused some uneasiness there as to the possible Missoiu'l
96
77
43
Kaneal
98
71
83
effect on those having accounts in American securities. ludiana
Nebraska
does not appear that a state of panic prevailed
Miolilgan
such as described in some of the dispatches; the feeling Tennessee
Still it
Kentucky
was, however, unsettled and disturbed. The Governors Pennsylvania...
New York
of the Bank of England made no change on Thursday
in their
minimum
Av'ge U. States.
54
60
72
76
80
83
80
70-6
97
83
66
93
95
89
80
91-7
CORN.
1837.
18S6.
60
78
70
45
61
67
70
56
83
73
58
96
98
74
76
68
65
93
73
90
85
89
92
87
89
92
72-8
80
97
99
86
86
95
93
1885.
97
96
92
88
100
101
100
97
90
90
95
95
95
1884.
88
105
102
101
87
105
74
95
89
86
92
93
93
which remains at
5 per cent. Discounts in the open market, London, for
As against 70 -6 this year, the general average last
60 to 90 day bank bills were yesterday reported at year was 91-7, in 1888 it was 92-0, and in 1887 72-8.
4J per cent. The open market rate at Paris is 2^ per The loss is largest in Kansas and Nebraska, the former
cent, while at Berlin it is 4f per cent and at Frankfort State showing an average of only 43, against 96, and the
the same.
The Bank of England lost £658,000 gold latter an average of 54, against 97.
rate of
discount,
October
THE CHRONICLK.
11, 1890. J
Trade remains
liirgo
and active, and
tlie
records of
be adjusted to
the mercantile agencies show that failures are not as
numerous as last year or the year before. Thus for the
make
it
conform with that
of the olhcr
roads.
third quarter of 1890 Messrs. R. 0. Dun
only 2,190 disasters, agaiust 2,270 in the
47S
&
With the
fact established that the
company'a em-
same quarter
ployees were getting as good and even better pay than
the employees of rival lines, reasons for an increase could
few failures for large
of 1889 and 2,361 in 1888.
keep the totaf of liabilities
amounts have served to
of course only be sought in a very prosperous state of
the Erie and of railroad property generally.
But it is
rather high, but even in this respect there is an improvement over last year, though not as compared with
palpable that our railroads are not enjoying special
prosperity.
They are doing a larger business than ever
Co.
report
A
That
two years ago.
failed
traders
is
to
say, the
the
liabilities of
stand at 135,452,430 in 1890, against
$39,327,045 in 1889, but as against $22,114,254 in 1888.
In the New England States the total is $11,585,540,
against $13,904,839 in 1889, but as against only $2,749,340 in 1888. The failure of such large concerns as
the Potter-Lovell Co. of course greatly increased the
In the Middle States the
aggregate for this year.
Wallace & Co. had the same effect,
and yet the amount for that section is only $8,483,070,
against $11,900,589 in 1889 and $7,348,843 in 1888.
In number the failures for that section are 576, against
565 and 589 respectively in the two years preceding,
and for the New England States they are 243, against
298 and 287. The Southern States show 353 failures,
against 307 and 302 the Western States 755, against
770 and 803, and the Pacific States 209, against 276 and
For the nine months of the year the results arc
320.
failure of Sawyer,
;
much
The
number
before,
work
it
is
true,
but they are obliged to perform the
at steadily declining rates for the service, so that
net results show very
little improvement and in manj
an actual falling off. In the Erie case, especially,
no good ground can be shown for making a general
and decided advance in wages. Its stockholders get
no return, and have not been getting any for years, the
surplus above the amount required for interest charges
having proved comparatively small even under the
present excellent management.
President King saya
that to grant the allowances and rates requested would
increase the pay-roll $1,034,000 per annum, and that
cases
this is in excess of the average surplus for the last five
years over expenses
and
fixed charges.
Under the
cir-
cumstances there was no alternative but to deny the
request, and we think the employees will be sensible
enough
New
to recognize the fact.
railroad building in the
United States
is
pro-
way and at the rate generally
The Railway Age of Chicago, in its last
the whole country is 7,581 for 1890, 7,879 for 1889 and expected.
7,550 for 1888, while the liabilities stand at $100,771,- issue, contains a record of the new track laid during
820, against $105,055,898 in 1889 and $90,228,413 in the first nine months of the year, according to which
the same.
total
of insolvencies for
1888.
it
Whatever may be the
officials in
gressing in about the
effect of the action of the Erie
dealing with the demands of the company's
employees, there can be no question that the course pur-
sued by the management has been eminently
fair
and
way commendable, and that the conclusions
reached and the facts and statements upon which they
are based will find support in the judgment of all dis-
in every
In the first place the men have
been treated in the matter with the courtesy and consideration which should always mark the relations
between employers and employees, and which the importance of the question at issue demanded. In the
second place the management have made a full and
careful investigation and have taken pains to consider
the subject in all its bearings. Finally, in reaching a
interested persons.
decision adverse to the claims of the
men
the reasons
management to that end
and cogent way that even
that have influenced the
are
stated in such a clear
the
employees must see the force and correctness of the
position assumed.
There were no less than 83 articles
in the "schedule of pay and regulations" presented
for the consideration of the company, but in the
main
appears that 3,782 miles of road were constructed iO
470 miles more than in the correspondAs heretofore, the South, is the
most favorite field, and next after that section comes
the Pacific Northwest, or more specifically Washington
and Montana. Georgia leads all other States in amount
In North Caroof new road, its total being 323 miles.
lina 226 miles were laid, in Alabama 201, in Kentucky
168, in Arkansas 108, in Louisiana 127, in South Carolina 109, in Tennessee 147, in Texas 195 and in
Virginia 136, showing how prominent new construction
work has been in the South and Southwest. In Mon-
this period, or
ing period last year.
tana 312 miles have been built, in Washington 207, in
Nebraska 170, in Colorado 105, in Michigan 118, and
in Pennsylvania 155, and this comprises all States
showing as much as 100 miles of new track put down.
We have had a week of great depression on the Stock
Exchange, and there has been a large and almost continuous decline in prices. It is claimed that the
depression is the result of extensive liquidation by
holders who had become tired out, supplemented by
some selling for foreign account. And yet admitting
that the market has been affected in both these ways,
the issue was whether shorter hours and increased pay the attacks of those interested in forcing lower prices
could be granted the men. This demand had to be con- must be regarded as having played at least an equally
It is
sidered from two distinct points of view. First, was prominent part in the downward movement.
the Erie paying its employees as much as was being paid noted as rather remarkable that with such a large and
steady drop there should have been scarcely any
did the situation of the property and general surround- reactions of moment, and the explanation given is
ings warrant the higher rate of compensation asked for. that operators for a decline, having succeeded in totally
On the first point, after making quite extended com- demoralizing the market, have sought to keep ifc
for similar services by other companies, and, secondly,
found that pay on the Erie was in in that condition. It is certainly true that occasions
nearly all cases in excess of the "average rates paid are rare where there has been such a great break
upon the principal competing and adjacent lines" for without any other known cause than mere liquidation.
like service, and illustrations are cited to prove this Of course if there were any great amount of buying
Btatement. On the Pennsylvania & Ohio division a by the public, operators for a fall would have been
few instances are found where the Erie is paying less comparatively powerless, but there has been Terj,
than its rivals, and there the rate of compensation is to little support in this way, even at the lower
parisons, the officers
.
THE CHRONICLF.
474
prices.
Nor have any
of the
large cajjitalists inter-
ested in particular properties seemingly
made any
effort
Under the circumstances
to protect their specialties.
market
it
go only one way.
last few days it has been sought to
cause further unsettlement of values by reports that
the feeling in London was panicky, and also by disquieting and apparently unfounded rumors concerning
There
the stability of some commission houses here.
are hardly any stocks which have escaj)ed attack, but
was possible
During the
for
the
to
[Vol. LI.
TffE INTERIOR MO VEMENT OF CURRENCY.
The interior movement of currency, in its bearing
upon the future of the money market, is again attracting considerable attention.
With the extraordinary
outflow of cash from the Government vaults during
September (Treasury holdings having diminished 54|
during the mouth, as we showed last
week), and with the great increase in the reserves of
the New York City banks as shown in the Clearing
House statement of two weeks ago, it seemed as if the
in the early part of the week the pressure was directed
mainly against the grangers, and the letter of Cliairman relief granted had been decided enough to foreclose all
Walker, of the Inter-State Railway Association, urging possibility of further trouble. But the very heavy shipupon the managers of Western roads the need of some ments of currency to the West and South last week
effective method for maintaining rates and dividing and the decrease in reserve reported on Saturday by
traffic, was used to create the impression that the West- the Clearing House banks, added to the high rates of forern railway situation was quite discouraging. Erie was eign exchange (which suggested the possibility of gold
attacked on rumors of trouble with its men in connec- exports), gave rise to fears lest, after all, there might
tion with the demand for shorter hours and higher be a recurrence of periods of stringency such as those
wages. The tone of the market yesterday afternoon was lately experienced.
It was to remove these fears,
greatly improved, and at the close prices hads; jrad the presumably,
that
the Treasury
Department on
Thursday afternoon issued a circular offering to buy
first substantial recovery of the week.
The following statement, made up from returns col- more of the 4^ per cent bonds.
lected by us, shows the week's receipts and shij)meuts
It is not our purpose to-day to attempt to forecast
the money market.
of currency and gold by the New York banks.
At the same time there are certain
facts which have an obvious bearing on the question,
Beceived by Shipped by
JTet Interior
Week Ending October 10, 1890.
and which, if correctly set out and interpreted, help
iV.r. Banks. N.Y.Banks.
Movement.
Ourrenoy
Ovid
$1,892,000
Total gold and legal tenders
I
$4,232,000 Loas. $2,340,000
2,412,000 Loss. 2,412,000
$1,892,000
$6,644,00011,038. $4,752,000
With the Sub-Treasury operations the
Week Endtna
BankB' interior nioveraont,a8 above
flnb-Treasnry operations
Total gold ana legal tenders
The
Out of
Banks.
Into
Banks.
October 10, 1890.
$1,892,000
16,800,000
Net Chinoe in
Bank
Holdings.
$18,692,000 $25,544,0001 LOS.S. $6,852,000
m the principal European banks
amount
this week,
saver.
£
£
£
£
Silver.
Total.
1
ngland
19.422,889j
19,432,389
19,519,659
49,713,OOC[49,914.000
Germany*
24,284,20012,142,100
4,966,000 16,610,000
09,637,000
36,428,300
61,930,000|50,217,000 102.177.uoa
26,164,000 12,582,000 37,74l).0)li
5,444,000' 15,080,000 21,421.01)0
4,815,000; 5,303,000
8,058,000 1,479,000
'
21,665,000
10,118,000
4,437,000
10.619,1)59
6,308,000j 6,984,000
2,605,000
It
evident of course
is
problem
for funds
by the
interior.
yet the gross outflow for that purpose
York banks has been $6,044,000 and
from the
New
the net outflow
drain to the interior.
at the
Krance
Anst.-HangY.
Kether lands...
Kat. Belgium*
factor in the
and
October 10, 1889.
Oold.
main
is the probable
Last week's shipments from this centre, as already said, were extremely
heavy, reaching $7,012,000 gross and $5,781,000 net.
This week the movement has not been quite so large, and
demand
1,302,000
11.393.000
3,907,001)
Tot. this week 106,147,580 85,418,100 191,696,689 109,970,659 86,095 000 190 065
059
Tot. nrHy.iT'k.!l0e.833.785 35,515,550 192,449,335 111..595.02o|86.457.333 WoS^-JOe
At that
rate
if
the drain should
would take quite extensive supplies even
from Treasury sources to keep bank reserves from running down, large though these reserves are just now.
It becomes important, therefore, to know whether the
continue
Total.
the situation clearer.
In other words, in the two weeks the
$4,752,000.
banks have lost 10|- million dollars net on account of the
of
oom.
make
to
that one
of bullion
last year.
October 9, 1890.
Banks
is:
$6,644,000; Loss. $4,752,000
18,900,000 Loss. 2,100,000
following table indicates the
corresponding date
result
million dollars
it
current shipments are exceptional for the season, the
money going out now rather than later on since the
banks are amply able to spare it, or whether such large
shipments are a
common
occurrence at this
jjeriod.
1
i.„ii^*.^'^*'"V? (H^t'ieei Kol'l aud silver) given lu our table of cola ami
Jnllion In the Bank of Germany and tUe Bank of Belgium is made fro-u
Bie best estimate we are able to obtain; In noltUer case Is It claluieii
to
Oe accurate, as those banks make no distluotlou in tbeir weeklv returns
merel.v reporting the total gold and silver, but we believe the
division
mnoiuu
=
we make is a close approximation.
«i?,?7fi;7?'»""''''™'\'''.?''''°?'"'?''''f'^*^'«'®8'^'y'^y''able, aud while not
aU of the date given at the head of the column, they are the "'"'"^
UBued nearest to that date-that I9, the latest reported Ugures. returnB
As regards
week's heavy outflow, it will no doubt
be a surprise to hear that in the corresponding week of
last
year the outflow was of equally heavy, and in fact
even heavier proportions, though the difference between
the two years is not very great. Thus the gross shiplast
ments
in the week ending October 4, 1889, were
$7,484,000, and the net shipments $6,193,000, while in
the present year the amounts were $7,013,000 gross
The Assay Office paid 8355,969 through the Sub.
Treasury for domestic bullion tluring the week, and the
and $5,781,000 net. For the current week, however,
Assistant Treasurer received the following from
the
the figures are
heavier than for last year, the
Custom House.
gross and net shipments of $6,644,000 aud $4,753,000
OonsMing of—
JDale.
respectively for 1890 comparing with $5,710,000 and
Duties.
r.B,
Gold
Silver OetGold.
$3,000,000 in the week ending October 11, 1889.
But
Hotel.
Oertiflc's.
tificates.
has not the movement as a whole been heavier thus far
Oct. 3.
$1,277,469 89
$1,245
$8,800|
$100, 150
$5,800
"
4.
1,154,503 46
1,057
21,850
215,650
12,150 in 1890 than in the same period last year ?
The im"
6.
576,592 84
1,210
17,300
84,290
9,450 pression seems to
"
be that it has that the demand
7.
681,987 99
2,157
13,000
59,250
9,600
"
8.
573,624 00
2,330
16,800
43,070
8,750 came both earlier than in 1889 and has been of larger
"
597,313 72
9-.
3,163
9,350
36,300
7,400 extent.
Is that impression well founded ?
To answer
Total.
$4,861,521 90
$11,162
$87,100
$538,710
$53,130 this question we have made up from our weekly rejiorts
Included in the above payments were $1,999
in silver of the shipments of currency to and from the interior
coin, chiefly standard dollars,
$150,030 in new Treasury the following statement, to show the gross and net
notes and $4,038,955 73 in checks
drawn against gold amounts sent out each week since the Ist of July, both
deposited in the Sub-Treasury,
in the present year to date and in 1889.
In that way
—
•
.
,
October
we
movemeut
get
Clin
THE CHRONICLE.
11, 1890.1'
a
idea
fuir
in tlio
of
tlie
relative extent of the
two yeara.
gfllPMBNTS or OURBBKCY TO TUB irtTBRIOR IIV lOtW TOBK DAXKB.
—
-yrt HhiumenU.nmtt >ill<i>mettt».-
—
—
.
1800.
IttlM).
l.^SO.
l.SBS.OOO
2,OHO,000
a.'^Ti.ono
U..
3,ls.'i,00l)
Gl»)ll.l,032,000'
H31),O0O"
Clslll.
18..
1,005,00<I
l,'.'.'i.").0()l>
(iiiin.l,l(m,0(M>' Oftlii.l,(H-.'.(>(X)*
Wrrk
tmling—
JuJy
3..
1,(131,000
1,2311,000
Gnlu.l,-M3,0(M)' aaln.l,12U.(M)0»
«73,0(>0* O»lii.2,13(i,(M)0'
1, (MI, 000
IMII,|)00
1,047.000
2,122,000
l.OOli.OOO
3,41)1.000
2.3!)(l,O00
:i,iio,o(K)
3,!)OI.(H)0
!I73,0<M)
l,.">o:..rioo
22
3,-_'.-.!),00O
1
..•)I)S.OOO
l,()!il,000
2t)
1,300,0(10
.l,lo.^,ol)o
2,2.M,(KM)
2,7'.(;i,000
8
•1,7>*.'>,00()
.•>,7.">(1,000
4,071,000
«,'.;'23,o()o
3,2S',).000
3,3H),0()()
8S.
Aug.
I
8
15
Sept.
ll.-iO,0()0
UolB.
3,1)10,000
I'J
r>,(;i7,ooo
3..")70,000
l,733.(K)0
I, 111,000
3,!tB.3,0(K)
2,t.-i3,0(X)
j,X72.000
l.OIM.IMK
0,li 11,000
7,H1,(M)0
0.710,000
5,7Hl.OO0
4,732,000
(>,1!IJ.0(10
58,444,000
Oct.
1,032,000
19
28
5},(t03,000
20,353,000
2«,151,000
3
10
*
Thoro was
iID
.'5,010,000
2,7.'iO.0OO
3,O0O,CK)O
cxcosa of receipts in Ihcso weeks.
Tiio result here does not quite accord with the gener-
So far from the movement havit seems to have begun
later, and so far
from its having been greater in
amount it has apparently not been quite so large at
ally prevailing belief,
ing begun earlier tlian last year,
—
least in net results.
We
find, for instance, that iu the
476
Tlie niouoy to moot this further drain up
to the lit
of January camo iu 1888 in great part from the
ITnitod
States Treasury, and in 18»9 entirely from that
sourcft.
On October 12, 1889, the New York City banka held
•101,083,500 of gold and legal tenders and showed
•
deficiency in reserve below the 25 per cent rwjuirement
of $708,025 ; on December 28th, 1889, however,
notwithstanding the heavy shipments to the interior In the
interval, the holdings of gold
and legal tenders stood
and there was a surplus above the 26
l>er cent limit of $2,021,075.
In 1888 the holdings by
the banks between the same dates wore drawn down from
$113,932,000 to $100,360,000 and the aurijlus reserve
from $10,314,550 to $0,281,350.
Shipments to the
interior in that year, as we have seen, were not so large
as in 18S9, but on the other hand there were some
heavy exports of gold in November and December. We
have prepared the following table, comparing the
amounts of cash in Government vaults in the closing
months of 1889 and 1888, and giving also the total
for October 1, 1890.
at $101,701,800
IIOLOIXOg OF CASH BY UNITEO STATES TBBA8DBER.
current year there was an excess of receipts over the
18!)0.
1889.
1889.
^
October
shipments in the whole of the five weeks to the 1st of „ ,
1
$186,698,300
$249,915,866
S303,722,870
November 1
244,034.143
280,801,203
August, while in 1889 the first two of these five weeks December 1
242,349,804
280,909,447
,.
December 31
234,260,003
275,924,23a
Since the Ist of August there has
showed losses.
Thus during the last quarter of 1888 the Treasury
been a loss every week this year, as there was last year,
contributed over 28 million dollars of its stock of
but in not a few instances neither the gross shipments
money to the ordinary supply, and during the last
nor the net ship.ments for 1890 have been as large as for
quarter of 1889 it contributed about 15^ million
1889.
Taking the aggregate for the whole fifteen weeks,
dollars.
It is important to
notice that Treasury
the gross shipments in 1890 stand slightly heavier, at
holdings of cash on October 1, 1890, were only
$58,444,000 against §55,603,000, but the net shipments
$186,698,500, against $249,915,866 on October 1,
foot up only $26,553,000, against $28,151,000.
1889, and $303,722,870 on October 1, 1888— that is, the
It appears therefore that we are justified in assuming
holdings are 03 million dollars less than a year ago and
that the drain the present year has proved no heavier
117 million dollars less than two years ago. But the
than last year.
This fact determined, it will be
condition of the New York banks now is very much
interesting to go one step further and s.ee what the oall
stronger than last year.
In the statement of last Saturon the banks usually is in the remaining weeks to the
day (October 4) they showed about 114f million dollars
1st of January.
For this purpose we have prepared the
of gold and legal tenders on hand, against only $101,following, giving the results for the weeks from Ooto083,500 on October 12, 1889, and there was a surjilua
ber 18tli to December 27th inclusive in 1889 and in 1888.
of Hi million dollars above the 25 per cent requireSHIPMESTS OP CUBREXCV TO THE I>"TEKIOR BT NEW YORK BANK8.f
ment, against a deficiency of $708,025 at the date men(fross SI ipments.
Week1889.
1888.
1889.
1888,
tioned in 1889. Thus the banks would be in good posiend uw—
$
*
$
*
Oct. 18... .. 6,150,000
4,970,000
4,383,000
3,430,000 tion for meeting any additional drain upon them even
25... .. 3,005,000
3,202,000
1,615,000
1,312,000
.. 2,757,000
Nov. 1
2,080,000
341,000
101,000 without aid from Treasury sources, but they would of
8... .. 1,950,000
2,513,000
845,000
1,.334,000
15...
2,005,000
2,555,000 Gain. 146,000*
1,500,000 course find it hard should the Treasury by its opera-
—
—
. .
.
22...
29...
Dec.
..
2,910,000
..
6...
13...
..
2,030,(100
3,9.50,000
20...
27...
..
.
..
4,255,000
6,100,000
4,457,000
39,034,000
•
There was an
From
2,200,000
1,555.000
Gain.
"583,000
2,130,0(K)
Gain.
Gain.
•225,000
* 135,000
2,900,000
3,505,000
2,489,000
Gain.
31,752,000
18,059,000
2,005,(X)0
83,0(10
2,170,000
2,100,000
1,035,000
4,99.3,000
19.5,000
tions
take
gold exports
money out
they are
3,(>21,000
'15,000
10,773,000
oxce-ss of receipts in these weeks.
be forgotten that this
dise shipments,
is
is
of
the
market.
But
As
for
must not
the season of heavy merchanpossible.
it
and that an outflow of gold, therefore,
contingent to a greater extent than at other times of
this statement we see that in 1889 the net ship- the year upon special emergencies and conditions.
ments in the remaining eleven weeks reached $18,059,000, and that in 1888 they reached $10,773,000.
In
money ruled almost conwhile in 1888 comparative ease prevailed, but the heavy crops raised in 1889 and the very
active business in the closing months of the year would
this period last year rates for
tinuously high,
PROGRESS OF MOBILE &
OHIO.
It is gratifying to find in the report of the Mobile &
Ohio further evidence of the great industrial develop-
in the South and to which we have freOf course there has been no such
quently alluded.
naturally make the demand for the interior heavier growth ill earnings as was noted in the case of the
than in the year preceding. In the present year crops are Louisville &. Nashville last week. The Nashville is a
decidedly smaller, but prices for grain are quite high very large system, while the Mobile & Ohio is a comand general business remains large and active. If the paratively small system. And yet in its way the prog-
ment going on
experience of last year and the year before may be ac- ress of the latter company is no less noteworthy or
cepted as a guide, we may expect a great falling oil in decided than that of the other, especially as the road
the interior demand after the coming week, for in both does not run through the great mineral regions of the
of those years the shipments tapered off after the week South, where there has been such exceptional developending October 18th and thenceforward remained com- ment, and also because the favorable exhibits now dispairatively light tell December, when they were re- closed by the company are the result of quite recent
sumed on quitea
large scale (in 1889 at least).
growth.
THE CHRONICLE.
478
[Vol.
U.
As compared with the year preceding, gross receipts
few years ago there was hardly a railroad property
prom- (including those of the St. Louis & Cairo) increased
in the South whose immediate future looked less
If we carry the
ising than that of the Mobile & Ohio. The road forms $291,958 and net receipts $136,138.
and Mobile, and comparison back to 1886-7, the year when the St.
a north-and-south line between Cairo
being, as already said, removed from the sections Louis & Cairo was first included, we find that present
A
where the opening up of mineral resources has caused
special activity, was not situated so as to benefit greatly
Not only that, but for a part of
from that influence.
the way at least the line runs through a portion of the
South which, even in the general range of industries, was
making less advancement perhaps than any other,
so largely devoted to agriculture.
land being
Doubtless also the road labored under some disadvantages in having so few branch lines, besides which the
action of one of the State railroad commissions
the
gross receipts of $3,173,432 compare with only $2,431,381 at that time; that is, in three years there has been
an increase of $742,051, or over 30 per cent. Net
earnings of $1,070,919 for 1890 compare with only
$637,713 in 1887, the increase in this case being nearly
As
grown
Traffic has
70 per cent.
ner.
manmoved
in a marvelous
against 113,378,057 tons of freight
one mile in 1887 (Mobile
& Ohio
proper), the tonnage
movement in the late year was 191,151,998, showing that
here, too, the increase has been nearly 70 per cent. On
proved at various times quite hurtful. The traffic of the St. Louis & Cairo the increase has been over 200 per
the line consists in great measure of through or com- cent, 64,623,057 tons having been carried one mile in
petitive business, and as a consequence of the increase 1890, against only 20,012,885 tons in 1887, the first year
But the
in competition and the action of the Railroad Commis- of the road's operation by the Mobile & Ohio.
sion referred to, rates declined in a marvelous way. decline in rates in the three years has been no less
For a while also the volume of traffic remained station- marked, only 0*876 cent per ton per mile having been
The result was that for sev- realized on this division in 1890, against 1'489 cent in
ary or actually declined.
On the Mobile & Ohio proper the decline has
eral years gross receipts fell off and net income proved 1887.
been from 1-29 cent to 0-92 cent. In the year 1879-80
quite unsatisfactory.
But a decided change has now occurred. The lease the road received an average of as much as 2-22 cent
In that year the tonnage movement
of the St. Louis & Cairo in 1886 was evidently a very per ton per mile.
wise move. It extended the system further to the north was only 80,406,765 tons, while in the late year, as
and provided a line from Mobile all the way to St. already said, it was 191,151,998 tons; yet the revenue
The management from this larger tonnage in 1890 was only $1,766,494,
Louis instead of only to Cairo.
also fortunate in acquiring the services of Mr. J. while that from the tonnage of 1880 was $1,772,984.
were
C. Clarke in the capacity of President and General In other words, owing to the lower rates, even a volume
Manager of the system, his control of affairs having of traffic nearly 3J times that of ten years ago does not
proved very successful. At the same time the creation yield quite as much revenue as then.
of the new general mortgage for the purpose of retiring
It is also interesting to know that the further increase
the debentures and extinguishing the floating debt in traffic and earnings which occurred in the late year
greatly improved the financial condition of the company. was made in the face of both a smaller cotton tonnage
Under the terms of this new mortgage the company has and a smaller coal tonnage, thus indicating a very dethe option of paying interest on the bonds in scrip till cided growth in other items of freight presumably as
after September 1, 1891, but the September coupon of the result of the general development of business in
last year was paid half in cash, and the coupons for the territory adjacent to the road.
The Mobile & Ohio
March and September this year entirely in cash, reflect- proper carried only 188,568 bales of cotton in 1890,
ing the increasing prosperity of the property.
against 231,508 bales in 1889; and the St. Louis &
The income account for the late fiscal year shows Cairo carried 74,708 bales, against 87,753 bales. Of
that after paying all the regular interest charges, as coal, the Mobile & Ohio carried 43,209 tons, against
—
Louis & Cairo, and allowing for
$232,935 interest paid in cash on the new general
mortgage fours, a surplus of $92,362 remains on the
operations of the twelve months.
The $232,925
paid on the fours represents 3 per cent, half the
also rental of the St.
—
75,389 tons, and the St. Louis
against 212,146 tons.
&
Cairo 182,668 tons,
Taking the two roads together,
the revenue from the cotton traffic in 1890 was only
$230,695, against $298,712 in 1889; and the revenue
from the coal traffic $136,528, against $152,057; the
coupon of September, 1889, and the full coupon for combined loss on the two items thus being $83,546.
March, 1890. At 4 per cent the call for interest on Total freight earnings on the other hand increased
the $8,079,630 of general mortgage bonds outstanding $242,222. In conclusion we may say that the growth
June
30, 1890 (less $585,710 held in the treasury of the in traffic and income is still going on, for in the three
company), would be $299,756, or $66,831 more than months (to October 1) of the current fiscal year there
the amount paid in the fiscal year. But as the surplus has been an increase in gross receipts of
$160,895 over
for the twelve months was $92,362, there would still the corresponding period of the late fiscal year.
be a balance of $25,531 after taking that amount out.
In other words, the income of the late year was suffiSEPTEMBER GROSS EARNINGS.
cient to meet the full 4 per cent now being paid on the
Gross earnings for September make quite a good
general mortgage bonds and leave a small balance exhibit. In fact, after
the rather small percentage
besides.
And
of
this result is the
more
satisfactory
when
we bear in mind that it has been attained on an average freight rate of only 924 thousandths of a cent per
ton per mile— decidedly the lowest in the whole history
of the company.
On competitive freight the average
Was only 763 thousandths, these figures covering the
Mobile & Ohio proper. On the St. Louis & Cairo the
general average was 876 thousandths and
that on com754 thousandths,
l)etitiYe freight
increase in the
month preceding, the
present showing
seems very satisfactory, as the improvement is heavier
both in amount and ratio. For August the gain was only
$1,581,225, or 4-05 per cent, the lowest of any
of the
year;
for
or 7'36 percent.
September the increase
On
is
month
$2,973,989,
the other hand, the increase
is
not
nearly so large as in most of the early months of the
year, but that
eipected.
was entirely out of the question and not
The importance
of the present exhibit lies
.
October
THE CHJIONICLE.
11, 1890.]
it does not sustain the inference which
tho August statement seemed to encourage, that the
period of improvement in earnings hud about come to
477
Norfolk & Western with ita incrMM
Chesapeake & Ohio with its increaaa
of $110,133 and the Cincinnati New Orleans & Tozac
a close. The following presents a summary of the Pacific with its increase of t72,684. In the follow*
ing we present a list of the roads or systems distio*
results for each month of tho year.
Inertatt.
Inerta$t.
guished for particularly large gains, taking all gaini
Amount.
Amount.
P. C.
p. O.
above 140,000 in amount.
1 3-21 Jane
$2,620,21)1
8'4'i
*4,003,0.39
January
11-30 July
3,106,3ftO
80«
3.071,327
February
LAROE OAIXa IK AROM lAmmOa IK rTCHBCB.
l,S81,22n
007 AuRunt
4-OS
2,771,154
March...
in the fact that
3,007.835
May
4.56r),484
What adds
still
the
of tlll,S84, the
.
.
April
month),
13-73
13-70
September.... 3,073,089
7-3«
Atcblaon and Han Fran.. $407,633 Col. Book. V»l. StTol
W»,«23
Northi^m I'atMfic
322,010 (;hloa«o ± Eaat UllnuU.
B7,eiM
Omat Northern |3 road*) 196,312 Milwaukee I.. H. A Weat.. S4.3I9
Ht. Paul
163.806 Denver A Itio Urande
51,100
Norfolk A Wonteni
1I1,SH4 Huffalo Koch. A PttU
49,440
Clipoaixiakc A Ohio
110,133 Wlacooaln CentrmI
*»M9
"'
Kaat Trim, Vft. A Oa...
101,826 N. Y. Ont. A West
48,463
Kioli. & Uanv. (8 roada).
07,241 Cblo. St. P. A.KAii.Clty... 47,349
Cln.N.O.AT.Pao.(5 roads)
72,084 Mobile A Ohio
43,5M
Mlaanurl Kansaa & Tex..
67,307 Flint A I'crn Marq
41,330
T«xaa iSc I'acllla
66,586 Rio Urundo Western
41,050
Burl. Ced. Rap. 4 No
63,080
• This la for three weeks only- the tourtb week
not baring been reported yet.
.
more
to the importance of the gain
September is that the comparison is with a period of
heavy earnings last year, September, 1889, havingbeen
an exceptionally good month. The gain for that
month last year was much larger than for the month
preceding, reaching almost 3^ million dollars, or over
in
'
10 per cent. Hence the increase of $2,973,989, or 7f
These gains come from nearly all parts of the counper cent, in September of the present year is in additry
South and Southwest, West and Northwest. It is
The following furtion to this heavy gain last year.
also worth noting that we have a much smaller number
nishes a comparison of September results back to 1880.
of losses than in other months.
There' are only 24 alEarninga.
HOtaoe.
together, and aside from the $176,412 decrease by the
PtrtDd.
Tear
rear
rear
Ttar
I>ecr«o«.
New York Central, presumably as the result largely of
—
Given.
Sept.. 1880 (39
Sept.. 1881 (66
Sept., 1888 (81
Sept., 1883 (88
Sept., 1881 (62
Sept., 1886 (6«
Sept., 1886 ,77
Sept..l887U17
Sept.,1888(106
8ept..l88U(lU
Sept..l890(161
roads)
roads)
roads)
roads)
roads)
roads)
roads)
roads)
roads)
roads)
roads)
Pricedino.
Given.
iiaa.
itttet.
«
16.486,860
47.739
43,178
26.388.176
29.760.857
61,'/30
47.259
87379
44,564
55.297
43,372
63.096
61,242
68,667
76.653
87.326
the strike, the decreases as a rule are small or unim-
t
«
12.713.666 Inc. 3.773,196
21,832.818 Inc. 3,556,328
26.108.434 Inc. 3.642.423
27.494,170
89.687
Preceding.
42.907
«4,9?9
60.923
79,051
89.793
87.383
25,488,510 rnc. 2.007,600
20.394.216 Dee. 1.138.152
82,913
27,931,707, 25.019.276 Inc. 2,882,431
3i.021.S44i 29.113.648 Inc. 2.907.696
Rock
the
Island, for instance, the loss
is
only $18,099, against quite heavy losses in the months
preceding.
For the Grand Trunk the
loss is $25,732;
19,25().064[
20.272,145, 20.355,358 D«e.
28,118,306
37,139,221
28.690.326 Dec.
;572,020
33.680.203 line. 8.460,018
43.381.520[ 40,407.531 line
.
2,973,989
proper to point out that an advantage for the
roads existed this year in the circumstance that the
month had an extra working day as compared with the
It
On
portant.
is
for the Central of Georgia $20,635 (three weeks of the
& Texas $2,517;
& Mississippi
the Western New York & Pennsylvania
month); for the
for the
St.
Louis Arkansas
Wabash $32,181;
$4,401, and for
for the
Ohio
$35,041 (the latter gained heavily a year ago by reason
of a strike on the Buffalo Rochester & Pittsburg), but
this includes all the
prominent roads there are with un-
favorable returns.
corresponding month last year, September, 1890, havWe have stated above that the grain movement in the
ing contained only four Sundays while September,
West was smaller than a year ago. This remark apOn the other hand, the advan1889, had five Sundays.
plies with special force to the receipts at Chicago, as
tage on that account has been in a measure offset by
may be seen from the following statement.
the fact that the grain movement in the West was
RECEIPTS AT CHICAOO DUBINO bEPTEMDEB AMD SINCE JASUAST
smaller than in 1889. That
is
1.
to say, instead of there be-
ing a heavy increase in that item of traffic as in most of
the early months, there was this time actually a loss in
Wheat.t)U8h.
the grain tonnage taken as a whole. Any one who Com. ..bnah.
bush.
knows the prominent part played by the grain tonnage Oats.,.bush.
Rre.
in the traffic of Western roads will readily appre- Barley.bush.
.
ciate the importance of the difference.
We may
add,
Total grain
Floor., bbls.
January 1
September.
Ifi90.
1889.
1888.
1
188S
88.063.728
46.526.768
ei.288.626
38.402,814
48.8M.SS1
2.171.307
1.471.612
8,072,013
6,047,511
88.8i4.t76
1.477.087
6.180,608
10,070.260 182,781,402 118,130.487
oe.as6,7S4
2.660.407
8.142.409
10,286,287
8.696.000
6,183.772
6,299,870
6,810.170
848.861
2,145.514
492,952
628.103
1,268,013
1.254.871
421,174
Septemter SO.
0.800.615
2,939,132
20,286,064
1889.
1
8.047.6881 10.060.275
1.637,833
18.868.279
409,010
to
18S0.
480,667
8.028,084
2,666.710
4,828,864
27,710
24.aM
however, that the provisions and live-stock movement Pork....bbl8.
2.402
S8.866
2,720
1,436
236,011,433 191.820.00S 100.416,686
was much in excess of a year ago, besides which North- Cotm'ts.lbs. 18.347.141 16.781,882 7.762,340 106,106.237 71,040.2»1 48,034,380
3,406.326
8,478,326
4.372.138
lbs.
Lard
8.807,86S
6,217,271
4.016.6?T
263.4381
421.304
618,337
western roads had the benefits of the recent advance in UTehoKsNo
Thus wheat and corn both show greatly diminxates, which during August had counted only in part.
In the South and Southwest there was a heavier cotton ished arrivals, so that the aggregate grain receipts for
Altogether there were quite a number of September, 1890, were about two million bushels less
favoring circumstances, notwithstanding the falling off than for September, 1889. There was likewise a fallin the grain receipts.
ing off in pork, the receipts of which were only 1,436
In amount of increase in earnings the Atchison again bbls., against 2,720 bbls., but other items of the
movement.
leads all others, having gained $407,633. This includes
& San
Without that road the
gain is $327,317, and this follows an increase of $148,478 in the same month last year. The Northern Pacific
also has a strikingly large addition to receipts, namely
$322,919, and in this case the gain comes after an
increase of no less than $414,016 last year.
If to the
$322,919 gain by the Northern Pacific itself we add the
$49,056 gain by the Wisconsin Central, we get a total
gain of $371,975. Tho Great Northern or Manitoba
system likewise had heavy gains last year, and this year
adds $196,312 more to the total of its receipts. And
the same may be said of the St. Paul with its
the St. Louis
increase
increase
Francisco.
provisions movement, like cutmeats and lard, show enlarged totals. The arrivals of live hogs had shown a
large increase last year, and this year record a further
decided increase, the number of head received being
518,337, against 421,394 head and §63,438 respectively
Taking the live-stock movement as
in 1889 and 1888.
a whole, the receipts at Chicago during September this
year were 26,167 car-loads, against 22,307 car-loads
Every one of the larger roads participated
last year.
increase with the exception of the Chicago ft
tho
in
against
Alton, which brought in only 1,643 car-loads,
heaviest
1,914 carloads in the year preceding. The
Quincy,
gain of all was made by the Burlington &
against 6,486 car-loads,
of $103,805, the East Tennessee with its which delivered 6,988 car-loads,
gain.
of $101,826 (for three
weeks of the and the Santa Fe stands next in amount of
.
1
.
. ,
—
.
THE CHRONICLE
478
rvoL. LI.
Northwestern roads had very good returns last year,
having delivered 2,896 car-loads, agaiast 1,TG5 carand this year, under the heavy live-stock shipments
The St. Paul brought in 3,225 car-loads, agajnst
loads.
There
2,931 ; the Northwest 3,761, against 3,417 ; the Kock and better rates, have made still further gains.
island 2,964, against 2,529 ; the St. Paul & Kansas is only one small road the Keokuk & "Western
City 1,316, against 1,094 ; the Illinois Central 1,390, which has suffered a decrease; the others not only have
gains, but most of them very large gains.
against 1,195, and the "Wabash 1,628, against 1,276.
Of the other Northwestern markets, Duluth and
September.
1890.
1888.
1888.
1887.
1883.
1885.
Milwaukee, like Chicago, show generally diminished
i
$
t
»
»
»
but on the other hand Minneapolis Burl. Ced. B. & No. 382.889 298,900 280.433 289,062 297.833 299,978
receipts of grain
Chic. MU. k st.PauI 2.714,000 2,550,196 2,478,167 2,359,624 2,553.971 2.273,278
received 4,026,020 bushels of wheat (spring) in the Iowa Central
172,276
144,823
128.681
121.370
124.254
142,044
MIl.L.S.&West...
390.691
334,378
280,738
334.075
248,140
148,605
four weeks ending September 27 this year, against only Milwaukee & Nor. al35,449 118.764 100.493
97,002
69,235
46,299
3,747,000 bushels in the corresponding four weeks Miun.& St. Louis.. 152,435 145,048 128,957 129,720 154.825 135.557
St. Paul A Duluth.
170,781
168,658
139,066
185,612;
210,721
172,578
But it is not alone at Northwestern points St. P. Minn.* Man. 1,097,388 858,678 805,314 847,800, 819,799 747,578
last year.
Total
that the grain movement as a rule has been smaller.
5,183,687 4,681,881 4,371,567 4,344.186; 4,468. ";98 8,966,908
—
1
1
;
At
points in the iliddle "Western States, like Toledo,
Detroit and St. Louis, there
is
Foortta
a.
week not reported
Among
a falling off either in
;
figures taken
Pacific roads
the
same as
last year.
the very heavy expansion
of earnings on the Northern Pacific has already been
wheat, corn or oats, or in all three combined.
KECEIPTS OF FLOUR AXD GRAIN FOR FOLK WEEKS ESDED SEPTEMBER 27 noted.
On the Canadian Pacific the gain is comj^araASD SreCE JANUARY 1.
tively small.
mour.
(661..)
Chtcnoo—
1 wks. Sept.. 1890
t wks. Sept., 1880
Since Jan. 1, 1890
Since Jan. 1, 1889
Com,
(6imW
Wtttat,
fliiMh.)
320,347
OaU.
Bortevi
Rvt.
(burit.)
(butU
(tnuk.)
7,471,625 5.562,452
10.004,811
5,103,9ai
68.988,414; 48, 188.4 13
61,710,900i36,31o,675
1,908,610
1.176,327
7,922.072
6,004,540
2,189,94«
1,465,272
274,000
188,000
2.834,080
1,803,000
1.857,350
6,688,576
2,887,180
77,730
880.190
793,318
2,118,014
8.629,754
9,074,170
79t,76C
832,609
907,6951 1,139 069
40,929,603 9.092.850
20,006,464; 8,261,800
233,244
153,614
1,141,977
760,877
37,093
97,087
424.820
202,749
6,776
10,290
78,885
107,689
438,790
1,116,928
4,445,992
4,760,820
691,238
603,618
11,210,248
2,829,864
55,208
129.136
243,082
408,824
1,081
2,400
56,183
66,473
23.854
80,i»6
131,098
189.443
9,432
11,749
121,368
102,543
357,129
743,548
8,423,613
3,014,072
62.833
29,340
181,174
309,675
181.780
40,342
732,580
339,106
36,434
24,520
267,133
249,277
218,408
262,265
1,712.855
1,626,497
02,771
53,832
726,796
605,117
76,660
98,500
761,740
851,538
886,200
1890.
1888.
1887.
1886.
1885.
«
»
»
$
1,608,000
1,674,000
1,130,847
1,711,376
1.063,207
1,408,210
s
855,988
1,872,873
823,487
1,224,956
2,812.222
2,471,417
2,328,636
2,048,442
1,464,805
2,843,17f
403.571
2,998,461
8,030,.31C
2,746,008
10,889,465
4 wks. Sept., 1890
156,215
i wks. Sept., 1889
Since Jaii 1, 1890
Since JaS 1,1889
162,38<
1,764,325
1,435,988
531,30J
799,07(
4,224,4 IC
4,301,145
330,317
472,191
Canadian Pacific.
Northern Pacific.
MiXwftukee—
2,448,210' 2,126,281
4.056.210
46,61(
««,04(
540,69C
764,605
277.819
St.Lnuis—
4 wks. Sept., 1890
4 wks. Sept., 1889
Since Jan. 1, 1890
Since Jan. 1, 1889
ToleAit4 wks. Sept., 1890
4 wks. Sept., 1889
Since Jan. 1, 1890
Since Jan. 1, 1889
Detroit—
4 wks. Sept., 1890
4 wks. Sept., 1889
Since Jan. 1, 1890
Since Jan. 1, 1889
Oteveland—
4 wks. Sept., 1890
i wks. Sept., 1889
Since Jan. 1, 1890
Since Jan. 1, 1889
101,7.5C
131,967
061.07f
980,9,3!;
1,066,193; 1,485,875
1,595,661 1,63»,119
250,200
167,031
1.903.171
1,345,026
37.060
12,356
885,647
279,872
11.625
8,675
92,543
74,375
•
1.734.000
770,000'
643,000
10.089,70l!l2,608,000
8,132,600 8,175,000
154.200
129,800
874,250
565,200
20,900
28,050
199,250
288,875
1,948,442
2,418,780
6,608,133
4,630,700
204,280
1.490.778
1,004,950
16,793
Total of aV4 wks. Sept., 1890
979,792
4 wks. Sept., 1889 1,003.031
Since Jan. 1, 1800 7,818,005,
Since Jan. 1, 1889 6,901,637'
i
& Texas and the Texas & Pacific, not to speak of the
Atchison and the St. Louis & San Francisco, have all
sas
well.
The Rock Island (which might also have
been mentioned in connection with the Northwestern
roads), the St. Joseph & Grand Island aud the St.
Louis Arkansas & Texas (the latter by reason of bad
weather) have suffered losses.
done
S'p^ember.
1830.
Denver * Rio Gr
K. C. Ft.8.
Rio Grande West..
Ark. & Texas
St. L. & San Fran
Texas &
1,178,625
75,765
.
&Mem
18S8.
$
748,400
385,438
143,800
I
721,272
377,013
128,825
763,551
420,438
123,422
380,400|
287,328
677,798
626,490
286,032
683,496
513,377
165,572
479,566
668,587
2,616.557| 2.718,316
2.318,463
185,950
377,883
634,748
648,177
Pacific.
Total
188D.
t
797.600
393,095
St. L.
MtnneapMU—
4.wk8. Sept., 1890
4 wks. Sept., 1889
Since Jan. 1, 1890
Since Jan. 1,1889
!
715
DlUuth—
4 wks. Sept., 1890
332,213
4 wks. Sept., 1889
213,904
Since Jan. 1, 1890 1,.531,220
Since Jan. 1,1889 1,376,646
8,688,281
In the Southwest, the Denver & Kio Grande, the
Colorado Midland, the Rio Grande Western, the Kan-
1,776
26,860
24,402
Peorin—
4 wks. Sept., 1890
4 wks. Sept., 1889
Since Jan. 1. 1890
Since Jan. 1,1889
t
132,443
807,545
Septernber,
3,037,954
591.878
581,591!
2,829,608
1887.
For Southern roads the results
4.026,020
8,747,000
21,536,406
19,410,209
Out
strikingly favorable.
1883.
$
»
848,034
t
668,894
388,168
333,007
104,953
156,454
384,805
90.556]
are, as
of 46 roads
j
heretofore,
from that section
in our table only the Central of Georgia, the Gulf
10,042,296'
9,945,037 8,892.543 4.353.325
14.147,281 12.548,566 7.884,896 2,131.181
.59,362,213 138,042,321 77,531,705; ;6,701,28?
58,574,606! 80,ii50,131 58,014,218 10,903,018
645.331
757,829
3,833,704
2,428,090
and the
Chicago
New
Orleans
&
&
Gulf report anj
decrease.
One need but refer to the following table to
Notwithstanding the smaller grain movement. Middle see tlie marvelous progress making by these Southern
It will be observed that aggregate earnings
"Western roads and the trunk lines on the whole systems.
present very favorable exhibits.
We have already on the 12 systems included stand at $6,742,670 in 1890,
alluded to the falling
off in
earnings by the
Central, the "Wabash, the Ohio
&
New York
Mississippi and the
against $6,058,833
Grand Trunk; but including these there are only 11
roads in that section which fall behind, while there are
no
than 38 that report enlarged earnings.
In the
case of some of these latter the gains are very heavy.
"We may mention among them the Columbus Hocking
Valley & Toledo, which has more than recovered its
less
and reports the
loss of last year
earning s in
largest
September
Septevfiber.
Chesapeake
Ches.
A Ohio
OhioASo.W.
Cln.N.O.ATei.P.'
E.Tenn.Va.AGa..
Louisville & Nash.
Louisv. N.O. A Tex.
Memphis A Char.
Mobile A Ohio
Norfolk AWestt..
its history.
Bich.ADanv.syst.
Septtmbfr.
1890.
1888,
t
Balt.&O. Southw.
Chicago & Bast. 11!.
Chlcft West. Mich.
CoI.Hock.V.&ToL
Lansing & No.
EvanBv.& Terre
I>et.
H
Flint&P. Marq....'
Grand Rap. & Ind.*
Or. Trunk of Can.)
N. T.Cent.&H. R..
Ohio
& Mississippi.
T0I.& Ohio Cent..
Total
223.376
300,012
136,241
199,960
242,332
113,363
801,966
114,967
94,228
230,358
408,054'
111,2831
107,418
88,72l|
247,835!
3,382,298
396,681
122,140,
.108.945
j
296,326
102,204
76,862
182,504
189.122
1,766,161
7.171,151
386,602,
i
28l,.300
392,203
140,107
248,445
1 ,727,807
3 ,386,100
218.389
227,101
136.166
244,676
107,071
80.750
223,833
279.827
1,787,882
3,438,665
107,186;
3,215,888
$
t
186,773
246,760
130,018
243,1431
1,740.419
1887.
1888.
1885.
t
»
149,824
tl89,714
1)6,809
231,998
128,295
68,470
167,754
230,288
1,286,603
13,487,838
344.619
203,710
183,971
141,473
225,604
115,642
63,983
179,166
236,862
1,527,102
3,058,518
383,281
80,446
84,788
7.081.872; 7,269,722! 6,418,737
5,408,838
;wU't"ILreno\'i!ltea\'e';;i'.''°'''^™'
not included here.
I Four weeks in each year.
in 1889, $5,040,689 in
1888 and
only $4,210,780 in 1885.
Shen. Valley
South CaitUna....
Total
1890.
1888.
$
691,400
205,288
t
681,267
201,258
706.082
778,646;
0666,688
553,772
1,651,220 1,816,419
263,411
228.564
0158,786
138,726
282,637
238,101
827,303
515,718
1,145,360 1,048,118
130,000
100,844
152,000
131,885
i
6.742,670
6,068,833
1888.
1887.
1886.
149,942
104,001
181,778
608,046
876,732
76,117
100,888
«
473.161
187.046
814,867
504.481
1,437,908
181,634
156,488
212,918
482,492
973,770
93,305
142,257
t
t446.992
180.944
487.876
384,380
1,253,880
131,088
120.680
174,856
388,672
812,206
85,222
101,898
5,040,688
5,490,258
4,6.'i8,895
t
446.728
170,382
If71,612
466,628
1,891,834
1886.
«
366,747
138,892
464,499
379,424
1,148,214
90,106
106,195
180,038
819,372
827,941
76,925
113,427
4,210,780
Includes Soioto Valley A New England for all the years.
t E.'cact raoaipts of the Richmond A Alleghany for this year not known to us;
we have, however, made an arbitrary allowance for the same,
a Fourth week not reported; earnings taken same as li.st year.
•
Entire system.
t
In the month under review Southern roads were
aided the present year by a heavy cotton movement,
llie
gross shipments overland having been 35,546 bales,
against 21,619 bales, and the receipts at the ports 720,-
427 bales, against 560,004 bales.
gain
is
In the latter case the
chiefly at the Atlantic ports, as will be seen
the subjoined statement.
by
.....
..
.
.
.
OcTObEB
1
'
I
1
cotton at RooTBERy porta in Rst-riMBBR, AN.) raoic
JAMOABT 1 TO SKFTEMBKB 30. 1800. 1880 A>D 1888.
479
BBoaim or
Situ* January
Stpttinber,
OrpM KamtHgt,
18IM.
ImUm.
Pmo,&o
170308
13^»7B
80,787
8M
OtlTwton
B3
1888.
1«9».
813
107
131,868
Orlnaiu
Mobile
1M.1M
1800.
8«,ao»
riorldji
881
100,131
Briuiswlck. fto
Ctaarloaton
Port Royal, Ac
lU.iU
8,U7
BlTMlUAb
4.883
^8,loo
21
80,816
Wlbnhigton
Washington, Ac
60,68l'
17,110
778
07,367
S,ei9
71.4711
8i,sgo,
133,013,
"*!
48S|
11.611
Xcw Orlenim A
89^,0?!
19,383
087,701
101,016
10,560
833,U;i
N. Y.
6it.t8e
63,806
5,088
270,008
31,067
181.416
161.Utf7i
6,182
«.u;
WestFolut, &0
8]
7,818
62
65,««0
81,
1,582
081
61.481,
Norfolk
10.511
11.621
101,101
111,8X11
117,668
8,877
180,887
853,457
158.688
881.065 g.t0a.82B 2.151.58^
Msiiooi
sft.oio'
TqUI..
TM.*gt.
580.60t
38.452
l,OS»j
9«,S78
OBOSS EARNINGS AND MILGAOE IN SEPrEMBEB.
arot$ Eamingi.
Namt
of RoaA.
1390.
*
I
R'llaJ'ntly own'd, I9
6t. L. it San Fran.
.
R'dsJ'tlTown'n.ij
AthiUta A Florida
Atlanta.\i West Point.
Atlanllc ADiiuville..
Bait. & OliloSoiitUw.j
Buff. Koob.ik Pitts...
Burl. Coil. Bap.JcNo..
Cauaillau PaclUc «...
. .
C. Fearit Yail. Val...!
•Ceulral of ({corgia..
•Central Vermont...'
•New London No.
. .
I
"Oxdens.&L. Cham.
Cliatt.
Homo .k Col..
I
.[
Cliitttanooga Union..
Chesapeake
&
Ohio.
Chow. O. &So. West'n.;
Chic. iEa!<t. lUinols.
Chic. Milw. &St. P...
Chic. 1{. I8l. & Pao...
Chic. St. P. & Kan. C.
Chic, it West Mich...
Chip. Vtt). (Man. Dlv.)
Cin.GeorK. i Ports...
Cin.Jack. & Macli....
Cin. N. Orl.&Tex. P..
Ala Gt. Southern...
N.Orl. it Northeast.
Ala. Jt Vlckshurg.
2,538.697
110,317
591,878
107,441
9,0«7
43,101
3«,01o
199,960
1.
"53.467
298,909
1,571,000
3.'5,510
567.S.59
221,370
38,012
62.628
26,179
9,799
581,267
201,256
212,33
2,550.195
Deuv. ii Ilio Grande..
Des Moines & North
Des M. & N'wcstern..
Bay City & Alp.
Lansing
& Nor
..
Dul. 80. Shore &Atl..
E.Tenn.Va.& Ga...
Eliz. Lex. &B. Sandy.
Evans. & ludianap.
Evausv. Si T. Uaut«..l
Fitehburg
.
'
it
'
PereMarq...
&Peuiu..
Ji: Indiana
Flor. Cent.
Gr.Kapids
Cin. Rich.
& Ft. W.
Otherllnes
Canada ...;
fChlc.&Gr. Trunk.
tDet.Gr.Hav.&MU.i
(Gr. Tr. of
Gulf i Chicago
Huiunston it Slien
...
Jtnd. Dec. it West....'
Iowa Central
Iron Railway
Kanawha & Mich.. .J
]
Kan. C.Clin. &Spr.
..
Kan.C. Ft.S.itMem..
Kan. C. Mem. ABir..;
Kentucky Central
•Keokuk A Western
•Kingst. & Pembroke
LakeErie All. A80...
Lake Erie & West'n 6.
I^high&Uud.Rlver.l
LlttloRf)ck& Mem..
Long Lsland
. . .
.
.
|
'
Louisv. Evan.s. & St.L
Louisv. it NasUvillo.
Louis. N. Alb.it Chic'
Lou. N. Orl. it Texas.'
Louisv. St. L. & Tex.
Lynchb.
•Meuiph.
i Durham
it
|
..
Char'ston
Mexican Central
Mexican Nat ionai.
I
. .
tMcxlcan Railway.
Milw. L. Shore it W..
.
•Mihv. it Northern.
Mineral Range
Minn. & St. Louis...
Mlnu. St.P.&S.SteM
Mo. Kans. it Texas.
'Mobile * Birmlng
Mobile* Ohio
.
.
'
6,529
582
582
12,871
+ 37.116
1,329
1,329
62ft
S20
1-6.090
105
86
103
86
151
281
I
3,121
+ S,711
260
281
304
+23,115
+19,110
301
+63,980 1,046 1,040
+31,000 6,568; 5,107
+26.214
338
245
—20,635 1,312 1,220
— >,359 501 501
—2,170
100
100
+ 633
118
118
+7,021i
140
140
+2'
43
43
+ 110.l33i 931 031
+4,043
393
398
+ 57,680
436
436
+ 163,80.3
—18,099
+ 17,218
+ 22,878
+2,303
-1111
5,657
3,354
5,678
3,287
863
478
47
42
344
336
295
196
113
170
863
401
47
43
844
S36
305
100
143
170
8
8
6,975
58,551
353,516
160.816
90,877
19,398
51,125
2,152
60,168
68,081
+ 10.391'
+25,184
1,514
+8.032;
333
104
325
22
107
259
353
104
S87
325
22
107
259
+51,100, 1,499
1.517
139,126
19.663
136.292
213,113
3,553
» 8,371
39,715
716.100
5,690
18,171
35,573
107.136
199,911
386,117
69,109
31,838
88.721
570,072
189.122
77,987
193,620
36,973,
17.212!
1,766,151
300,810
101.727
3,709
11.606
37,196,
111,823
.3,528
21,013
21,652,
335,1391
81,915
101,853
23,111
9,272:
5,525
263,656
21,995
i
16,657!
363,388
103,587'
1,615,119
239,163
226,561
31,125
2,300
109,190
485,172
272,297
295,520
331,378
83,265
9.975
115,043
160,253
719,161
11,919
239.101
+ 1,971
+51,339
+ 11,366
+ 1,713
+2,757
+1,379
—102
+717,
+11.636
+31.850
+58,322
-1.876
+5,933
+ 442
165
194,
2371
165
194
43
43
+6,222
115
116
+4,297
232
226
+7,781
323
323
+35,109
522
622
+101,826 1,323; 1,140
+5,283
139
139
—0,913,
150
150
+ 5,507
156
166
+ 13,139
309
369
625
+ 41,2.36
379
+ 9,556
574
874
+30,610
409
409
+ 1,932
86;
86
72
1-923
72
—25,732 3,487 3,487
335' • 335
-6,319
+3,702
139;
180
-819
62
62
+2,394
95,
08
—2,204
152
152
509
+27,153,
50S
—712
211
20
+9,203
129
129
+11,111
103
163
671
671
+ 3,256
+11,108
275
275
234
+3,773
254
—163
148
118;
—479
113
113
+ 332
61
61
722
+13,843
722
+3,481
63i
63
+8,884
133
135
361'
+39,788
301
+33,945
380
321
+35,801 2,216 2,181
537
+7,851
537
792
680
+30,847
121
+ 4,034
121
83
26
+ 10,700
330
+21,071
330
4-8,333
+172
+31,280
+39,698
+56,313
+ 1.5.685
1,527
1,218
1,527
1,213
293
692
303
293
651
303
171
17
+2,025
+7,387
363
363
+6,846
iir 777
+07,397 1,806 1.806
149
+1,858
119
687
687
+43,538
j
.t
Kunhcrn
Uhlu
Ohio
Wentenirf..
61.163
61.077
68,000
190.120
12.972
Pltt.sb. & Western....
Prcscott it Ariz. Cent.
Quin. Oiualia&K.C.
Richmond it Danville
Virginia .Mid. Dlv..
Char. Col. 4 A. Dlv.
Col. it Orecnv. Dlv.
Wtist. No. Car. Dlv.
Georgia Pnc. Dlv...
80,8(10
107.930
16.930
13.460
183.9.J0
.
.
Seattle L. 8h. A Ea.st.
Slieuaurloah Valley..
130,000
132,000
5,343
18,220
648,177
05,199
27,003
South Carolina
Talladega A Coosa V..
Tennessee Midland..
Texa.sit Paeilic
Tol. A. Arl). A N. Mich
Clun
A Ohio Central.
A Ohio Cent. Ext
Poo. A West
St. L. & K. City
8.979
03,134
121,660
AiJo. Haven....
(consol. sys.)
West. N.Y.APenn.
.5.3.173,
305.500'
103.4931
478.8241
..
Erie..
Tot al (151 roads).
..
10
19
300
308
+ 107
138
334'
307i
138
384
307
+ 24,331
(4.777
73
73
+2.570
134
134
+27,100 1,030 1,039
+8.700
383
388i
+5,876
393
803
+3.422
200
204
+9.013
2^7,
387
+ 44,078
818
818
+ 2,101
SO
80
+ 1,568
+ 1,678
—33,380
+ 18,034
M
061
3781
1-41,050
212
—2,517
+10,492
8«0
87
447
242
1,227
1,237
+ 137,721
+ 28,091
217
217
3,030
3,030
+ 12,057
+3,735
72
235
57
217
451
67i
4171
70
70,
+30,490
178;
+ 21,068
177
910
160
413
160
+ 10.482
173
108
+ 29.050
255;
+ 20,115
+ 1.034
217
23
+2.010
+66,586
1351
138
82
253
217
23
138
1,497;
1,407
2861
236
43
233
87
347
451
37
+2.023
+ 27.920
+ 17,067
+ 1,033
+70
+14.363
-119
2.770'
1,193.032, 1,223,813'
Western of Alabama.
WheeUA Lake
+83
681,591
83,142
23,273
122,140
7,928
03.064
107.297
2,915
140,107|
.
106)
1.5,5711
1,097,399
104,153
109.375
137.304
50,032
43.089
41,050
•San Ant. A Araus.P.
*8an Fran. A No. Pac.
Sav. Amur. A Mont.
01
871
+2,170
+7.380
0.080
110,601
110,986
380,400
139,066
158..J58
Eastern of Minn...
1.490
01
039,678
76,002
79,376
110,290
54,029
15,763
30,568
100.914
131.885
4.489
10,744
75,221
129.920
377.88J
&
Wisconsin Central.
8.4a0
21,9:!5
77,300
67,000
St. L.AIt.itT.H.Brs.
St. L. Ark. it. Texas..
9t. Paul ADuluth...
St. P. Minn.
Man...
Wabash
4,U8U
—4.401
+3,863
485,000
205,800
71,424
63.578
71.788
123.878
11.789
11.899
lU.9tX)
209..50l>
Ashe, it 8par. Dlv..
Bio Grande \Vo.<tern.
A
733
24,49.%
Sag. Tu.scola it Huron
St. Jos. it dr. Lsland..
Col.
423
770
612,400
Dlv
Montana Central
(411,152
+ lll.3tl
+ 322,91I<
390,604
20,032
884
4S,U8t
46,787
08,353
171,780
8,195
93'
Ohio Southvrn
Peo. Dec. A Evansv.
W
08
1.430,
iHi»,i.-i:i,
23.595
iV.
-IJ03
-176,112
-li.»72
5ir,,710i
892.29.1
Northwoat«m
Haysvllle
•Ohio River
Tol.
Tol.
Tol.
Tol.
Tol.
Tol.
13.295
52,92.-|'
3,U8.210 2,125,2911
Paoitta..
it .Mis!ils»lppl...
&.
Coluiii. it
1.541
•
Day.Ft.Wayne&Chlc
Dct.
6,528
1,157.128
Cleveland & Marietta
Colorado Midland
Col. Hock. Val. & Tol.
Colusa & Lake
CoTiurton .fe M.icon.
Flint
1389.
+37.513
-t-
355,817
113,383
18,519
.
l>et.
+ 289.773
1,710,315
Vlcks.Shrcv.&Pao..
Cin. Northwestern...
Cln. Wab. & Michigan
Clev. Akron i: Col....
Clev. Cin. Ch. &. St. L.
Peoria & East. Dlv.
Norfolk
Wash. Ohio it
i
Atoh.Top.&S.Fe
11.902
40.453
237,905
627,303
it
u««.
1S0O.
Dtcrtat*.
3,215.880. 3,39::. Jlls
.S'linhurn
N.Y.Ont. it Weitt«....
ifileagf.
Xnerttut or ,
1890.
Deereate.
1839.
Oiilf.
N.Y.Ceut.itltud. Rlv
lHtr»»u or
1880.
•
_1898.
817,601
17.811
688,870
88.007
11,881
301,000
6S,S7S
S3,7U
New
188;).
MlUagt.
Kamt 0/ Rnad,
1
Port*
1860.
1
1
1
CHKONICLR
'rHE
11, 1890.]
.
.
.. .
.
1
371
—32,181 1.921 1,021
+734'
138|
138
—35,041
678;
678
+23,569
237
187
+49,038
807
823
34,439
340,541
79,924
429,768
43,381,520 40,407, 331 +2 ,973,93 9 89,793 87,338
Three weeks only of September in eaoh yc»r. tlTortoarwdelueallag
September 27.
a New Brunswick iacludod both years, b Ft. Wayne
.
•
e New coal extension
A Loaisville included for both ye irs.
included tor 1390, and Utica Clinton A Blnghamton Included for botli
d luclades Scioto Valley and New England. § Figures are tor
years,
Ciuu,
29 days in each year.
GROSS EARNINGS FROM JANUARY
tfame of Road.
Atch. Top.
A
1890.
San. Fe....
Roads Jointly own'd, ^a
St. Louis A San Fran.
Atlanta
Atlanta
Atlantic
A Florida
A West Point...
it
Danville
A Ohio Southwest.
Roch. A Pittsburg.
Burl. Ced. Rap. A Nor.
Canadian Paclflc
Cape Fear A Yad. Val.,
•Central of Georgia
Chattanoga Rome A CoL
Chattanooga Union
Chesapeake A Ohio
Chesap. Ohio ASouthw.
Chicago A East. Ill
Chic. Milw. A St. Paul..
Bait.
Buff.
,
Ch
c.
Rock
I.sl.
A
Pac...
Chic. St. P. A Kan. City.
ChJc. A West Michigau.
Cin. Georg. A Ports
Cln. Jackson A Mack.
Cln. N.O. A Texas Pao..
Ala. Great Southern..
N. O. A Northeastern.
.
Alabama A Vicksburg.
Vicksb. Shrev. A Pac.
Clnu. Northwestern
Cin. Wabash A Michigan
Olevc. .\kron A Col
Clev. Cin. Chic. A St. L.
Cleveland A Marietta..
Colorado Midland
Col. Hock. Val. A Toledo
Colusa A Lake
Covington A Macon
Day. Ft. Wayne A Chic.
Donv. A Rio Grande
Des Moines A North'n..
Des MoinesA Northwest
Det. Bay City A Alpena.
Det. Liiusing A North'n.
DiUuth So. 8h. A Atl....
•East Teun. Va. A Ga...
Evan.<v. A Indianapolis.
Evansv. A Terro Haute.
Fitchburg
Flint A Pere Marquette.
Florida Cent. A Penln..
Gr. Rapids A Indiana...
Cin.Rich.A Ft. Wayne.
Other lines
K3r. Trunk of Canada...
IChic. AGr. Trunk. ..
tDet. Gr. H.
A
Milw...
I
1
TO SEPTEMBER
1389.
30.
Inertau. Dureaie.
22..500.609
l,211.;i3G
18,510.092
4,093,543
39.736
4,232.117
59,637
300,953
270,381
1.530.530
1,451.409
174.077,
124.043
2,292.512
•2.070,983
11,503,387; 10,740,777
702,010
326,873
307,031
1,723.227
1,.:7«.117
397,310
5,689,329
268,732
80.116
6,671.010
1.331.549
2,303,700
18.800.161
12,531,133
1,074, 013
283.109
5,14^,093
190,193
31,725
4,4 )1..574
1.527,689
1.933,023
17.'<19.'209
12.121,775
2,329,103
3,203,903,
1,101,217!
1,020,315
48,337
191.5291
449.800
3,270,005
2,790.313
1,119.002
1.331.308
9JS.515
719,818'
474,888'
397,761'
110.819
395.702
15,201
13,593
128,833
391,302
627,353
551,896
9,080,118,
9,224,647
231,833
190,357'
1,101,289
1,211,181
2,lH.00l
1,799,463
10,994
19,571
102,183
68.316
301,131
359,391
6,296,370
,5,741,313
35.195
45,439
101.219
131,231
337.517
111.119
821.219
898.'i01
1,711.720,
5,220.088|
217,157)
70ii,078,
1,717.01)
2,'201.719t
859,'271l
1,101.73'^
1,2^0,122
227,018
080,432
4,30 1.3-20
1,70;,118
812.437
1,710,186
1,980,840
331,130
850,051
152,0-23
103,103
14,773,102' 14.493,438
2,594,308
2,762,891
817.7-22
703.933
3,954,577
139.591
401.426
30,149
25,920
96.003
!
215,.529
114.431'
511,236,
73,539,
1,691
1,269,436
0,800
370,738
950,901
103,078
874.800,
110,902
323
41.729,
473,752,
31,194!
138,697
77,127
21.117
1.608
31.536
72.957
455,801
41.481
190.103
350,193
2.377
33.887
2.013
555.057
39.736
29.9651
23,602
73.982
249.902
934,560
10,101
85,626
413.123,
437,601
46.834!
264.660,
15.001
10.483
370.7011
168.383
33,7671
—
—
..
...
.
THE CHRONICLR
480
Name
of Roid.
$30,603
118.389
$30,724
103,962
3-.!8,722
290,423!
1,193,552
27,458
Iowa Central
Iron Railway
Kanawha
.MichiRan
iS:
l,065,2i)0;
L, Erie Alliance
&
2.-)0,700
121,699
50,209
2,258,218
263,257
392,827
3,023,143
So...
Lake Erie & Westerna..
Hudson Eirer
Lelilgh
Rook & Memphis
<fe
Lone
Island
Louisv. EvansT. & St. L.
Louisville & Nashville..
Louisv. N. Alb. & Chie.
Louisv. N. Orl. & Texas.
•Memphis & Charleston
Mexican Central
Mexican National
946,636i
14,030,188'
1,901,063
1,971,058
1,306,554!
4,619,537!
2,739,0781
3,015,541
2,895,8621
1,105,7841
90,711'
1,046,5651
l,451,428i
5,982,970!
167.952;
2,423,273!
104,647!
26,796,185'
tMexican Railway
i
Mllw. Lake Sh. & West.
* Milwaukee & Northern
Mineral Range
Minneapolis & St. Louis
&
8. 8te.
M.
Missouri Kan. & Tex
"Mobile &. Birmingham
Mobile AOhio
New Orleans & Gulf
N. Y. Cent. & Hud. Riv.
New York & Northern.
394,929
N.Y.Ontario & West'nft
Norfolk & Westemc
Northern Pacltic
Ohio & Mississippi
Ohio & Northwestern..
1,681,108
5,244,052
16,539,329
3,084,267
168,544
7,119
479,490
393,931
569,590
Columbus & Maysville
River
Ohio Southern
Peoria Dec. & Evansv..
Pittsburg & Western
Prescott & Ariz. Cent...
Quincy Omaha & K. C.
*01ilo
1,656.639
96,038
182,019
4,266,398
1,692,689
661,906
Richmond &
Danville..
Virginia Midland Div.
Char. Col. & Aug. Div.
Col. & Greenv. Div...
West. No. Caro. Div..
Georgia Pacific Div...
Wash. Ohio & W.Div.
Ashe V. & Spar. Div. ..
Eio Grande Western
Sag. Tuscola & Huron.
592,621
697,764
1,380,919|
I
1
.
&
]
Gr. Island....
Bt. Jos.
T.H. Br'chsj
St. L. Alt,
Texas!
St. L. Arkansas
&
&
Paul & DiUuth
Paul Minn. & Man.
Eastern of Minn
St.
St.
.
109,402
105,539
1,333,974
78,859
1,045,390
936,563
2,760,107
1,054,897
6,454,637
485,532
800,377
Montana Central
*San Ajit. & Aran. Pass.
*San Fran. & No. Pacific
Savan. Amer. & Mont..
Shenandoah Valley
Seattle L. 8. & Eastern
South Carolina
Talladega & Coosa Val.
Tennessee Midland
Texas & Pacific
.
Tol. A. A.
&No.
197,500;
3,444,309
3,518,507
860,775
794,818
Little
St. P.
31,458
204,000
247,594
298,090
..
Kan. City Clin. & Spr...
Kansas C. Ft. S.& Mem.
Kan. City Mem. * Bir.
Kentucky Central
Keokuk & Western
•Kingston & Pembroke.
Minn.
18S9.
1890.
GuU &Cliica«o
Humeston & Shenand'h.
Ind. Decatur & West
Mich...
Toledo Colurab. & Cln..
Toledo & Ohio Central..
Tol. & Ohio Cent. Ex....
Toledo Peoria & West'n.
Tol. 8t. L. & Kan. City..
Toledo & South Haven.
Wabash (consol. system)
Western of Alabama
Western N. Y. & Penu..
Wheeling & Lake Erie
Wlsoonslu Central
.
1,127,248
549.890
254.512
963,130
308,709
1,072,834
57,428
151,158
4,888,630
861,841
229,671
1,080.423
77.714
690.072
1,116.789
19.639
9,571,024
385.327
2,671,698
862,461
3,814,293
Increase.
Decrease
$121
$14,427
38,299
128,262
Total (142 roads) .... 336,459,314 305,450,003 31 ,231,549
31,009,311
Tliree
13,473
21,528
100,100
1,222
641
5,157
3,224
that renders this conference of leading
The
of the two Powers necessary?
same which rendered similar conferences necessary
between the representatives of Great Britain and Germany, of Great Britain and France, and of Great
Britain and Portugal
a desire to come to an amicable
understanding with regard to boundary lines in Africa.
British interests in Africa (or what are called British
—
interests in Africa) are
now
pretty well understood.
Without alluding to British territory in the West and
South and Southeast, it is fair to say that the public
mind has been rendered more or less familiar with
what is known as British East Africa. The line has
been well defined between German East Africa, which
lies to the south, and has been so drawn as to give the
over that vast
control
stretch
Upper Nile
of
territory
region, extends
from the Victoria Nyanza northward into Egypt. But
the Italians have made good their occupation of territory on the east coast of Africa to the north of the
British;
and in
this direction the line of delimitation
It is to determine this line, and
an understanding on certain questions
relating to the Red Sea littoral, that the representatives
of England and the representatives of Italy are now in
to
come
to
Rome.
consultation at
The
so well
is
we have
Delimitation of spheres has been
brought to a successful conclusion between England
position of Italy in Africa
known
as
is
is
not by any means
the position of Great Britain.
this at all wonderful.
222,238
AFRICA.
familiar.
it
has yet to be drawn.
UPLAND AND ITALY—DELIMITATION IN
become
is
representatives
which, covering the entire
&
a word with which of late
for.
British
weeks only of September In each
is
give him the benefit
For the accomplishment
work
What
13,678
'46,326
Ft. Wayne
From July
Delimitation
Rome to
experience.
special
in question, no British diplomat is better
than Lord DufEerin. AccomiDlished, and in
every sense capable, he seems besides to be a favorite of
fortune.
Since 1860, when he was sent out as British
Commissioner to Syria to prosecute inquiries into the
massacre of the Christians, he has been almost continuously employed in the diplomatic service of his country;
and success has attended him with marvelous fidelity.
His latest triumph was the addition of Burmah to the
British Empire of India.
Sir Evelyn Baring has been
prominently connected with Egyptian afEairs since the
Arabi Pasha revolt; and General Grenfell has had large
There
experience at the head of the army in Egypt.
can be no doubt that at the headquarters of the Italian
Government the interests of Italy will also be properly
cared
year, t To September 27.
Cin. & Louis, included In both years.
1 includes Utica Clinton & Bing. in both years.
c Includes Scioto Valley
Now Eng. in both years from Feb. 1.
a
6
their
qualified
Net Increase
•
Grenfell have been sent to
of
of the
42.994
101,130
74,258
151,622
38,592
709,153
758,226
12,811
237,839
135.172
5,217
44,992
178,284
2,079,934
205,079
53,178
414,355
306,753
2,716,390
848,245
98,391
12,993,332 1,036,856
98,981
1,802.032
124,744
1,846,314
114.894
1,191,660
53.130
4,566,407
18,977
2,720,101
3,115,611
314,734
2,581,128
263,477
842,307
9,396
81,315
61,948
981,617
521.392
930,036
676.705
5,306,265
23.389
144,563
276,357
2,146,916
118,325
270,838
26,525,347
441,255
238,286
1,442,822
859,807
4,384,245
15,228,683 1,310,646
137,1881
2,947,079
11,274
157,270
8,341
73,133
406,357
23.309
370.622
26,358
543,232
.21.838
1,634,801
2,003
94,080
182,660
317,035
3,949,363
137,775
1,554,914
32.693
629,213
503,195
89,426
647,490
50,274
402,172
978,747
16,769
92,633
16.540
88,999
251,695
1,082,279
82.016
866.790
178,600
162,.526
774,037
343,393
2,416,714
150,594
904,303
5,541,461
913,176
282,188
203,344
616,158
184.219
875,462
251,786
553,114
161.507
93,035
681,773
281.357
199,535
109,174
119,436
953,398
47,942
9,486
131,557
19,601
369,722
4,518,908
708,951
15 •,390
180,809
48,862
879,694
200,729
71,096
6,618
673,865
16.807
728,125
388.664
16,854
2.785
190.035
9,380,989
370,285
15.042
2,539,473
132.225
656,657
205,804
3,033,426
780,867
[Vol. LI.
The one
is
old
Nor
and associated
tion
many movements which have attracted tlie attenThe other boasts of no antiquity ;
of the world.
and
it
with
has not been connected with events of the same
Still Italy is a great African power.
public character.
In 1886, by consent, or rather one might say by the
became possessed of the
African coast line on the Red Sea, extending from
invitation, of the British, she
Cape Kasar
to the southern limit of the Sultanate of
Raheita, on the Straits of Bab-el-Mandeb, a vast track
including .Massowah and its territory and Assab and its
and Germany, between England and France, and be- territory. During the course of last year she added
tween England and Portugal, although Portugal still immensely to her African possessions, establishing a
grumbles. Now delimitation is, in order between Eng- protectorate over the Sultanate of Obbia, on the Somalis
land and Italy. This brought to a satisfactory conclu- coast, and occupying both Karen and Asmara. A qualision, the work of delimitation will be completed, and fied protectorate was also established over the Sultanate
reconstructed Africa will be launched upon her new of the Mijertain Somalis, thus extending Italian influcareer.
the river Juba, a few
ence as far south as
The work is to be done in the Italian capital; and miles south of the Equator. In the same year an
that Lord Dufferin, the present British Minister to arrangement was made by which Abyssinia and Shoa
Italy, may be able to accomplish his part of the work came under Italian protection.
The reader will thus
intelligently and to the satisfaction of the British Gov- perceive that the Italians have acquired some rights
ernment and people. Sir Evelyn Baring and General in Africa, especially along the northern section of
October
THE CHRONICLE.
11, iSflO.J
the east coast. With the exception of a piece of territory running north and west from Cape Uafun, which
belongs to Great Hritnin, the Italian coast line is continuous, and measures some 800 geographical miles,
with undefined landward limits. The entire area in
partly
becauM
481
grow miamanagement.
of
Ita
tuaponaicm
brought moat local bank* into diaorodit, but the Cap« of Oood
Hope Bank seems to have luffered most. Borne of Ita prind*
pal shareholders are said to have been also large shareboldcn
in the Union, and it is suspected of having lent recklsMlf
upon mining and landed properties which have greatly depre*
A run has been the consoquenoe, and on Saturday
square miles, including Abyssinia, has been set down at ciated.
lost it had to suspend payment.
It has a petd-up capital of
836,070, and the entire population at 5,958,000.
£175,000, and a callable capital of three times as much.
Ita
glance at the map will show that the necessity for
liabilities of all kinds amount to about two millions sterling.
settling the limits of territory, however necessary in
This second failure has intensified the banking crisis, and it i«
the cases of Germany, of France and of Portugal, is at feared that large amounts of gold may be withdrawn from
A
least equally necessary in the case of
Italy.
England
has been the principal mover in each case, and having
attempted to do justice to the others she must, for the
aake of her own rejiutation, be just to Italy also. It is
well, therefore, that the matter has been taken up, and
taken up we are pleased to learn in a most friendly
on both sides. It is gratifying also to learn,
notwithstanding some rumors from a French source to
spirit
the contrary, that the two governments have already
arrived at a complete understanding with regard to the
principles of the delimitation, and that the details
alone have to be considered. Details, however, are
sometimes troublesome
and it ought not to be a
surprise if unlooked for obstacles should
arise and occasion delay.
Lines will have to be drawn
both at Juba and at Cape Hafun but there ought to
be no great difficulties to be encountered at either of
these points, and none are expected.
Italy, it is understood, claims that as she is at Massowah, and as England or Egypt is at Suakim, the line of delimitation
should be drawn between these points. There are
those, however, who think that this indicates greed on
the part of Italy, the more so that but for the permission, if not direct aid, of England she would never have
had Massowah. Still it is not expected that this point
will lead to any serious difficulty.
What is most
;
cause of
;
Bank of England, and shipped by the South African
banks to strengthen their reserves.
In consequence of all this, and of revived rumors as to difficulties of some important houses engaged in the South Ameri*
can trade, a very uncomfortable feeling sprang up here on
Tuesday. It became intensified on Wednesday, but when the
Bank of England raised its rate to 5 per cent on Thursday relief was felt, it being hoped that the advance would greatly
check, if not entirely stop, gold shipments. As yet the hope
has not been realized. Arrangements are being made for
large shipments to various destinations. The supply of money
in the outside market is very email, as is proved by the fact
that the market had to borrow from the Bank of England in
the week ended Wednesday night over IJ^ millions sterUng.
The Bank charged 4}^ per cent for discounts and 5 per cent for
loans. On Thursday there was again a good business done,
the Bank charging on that day as much as 6 per cent for loans
and 5J^ per cent in the case of discounts; yet open market
rates have not advanced as much as might have been expected.
On Thursday some Continental banks bid eagerly for English
the
The general rate in English houses was
The Utter is now the general rate.
On Tuesday there was a fall of a penny per ounce, to 62d.,
in silver, and yesterday a further fall to 51 ll-16d. per ounce.
The Indian banks are holding aloof from the market at
present, and there is very little demand for any other country.
With the fall in silver there has been, of course, a heavy
fall in all silver securities.
Rupee paper is fully five points
lower than it was at the beginning of the month, and Mexican railway stocks have fallen even more. The latter stocks,
it is true, were pushed up out of all proportion to their merits,
likely
to
be
the
cause
of
trouble
is
the on the assumption that the company will be benefitted by the
recent development of the Hinterland land doc- subvention loan far more than it really will be, and the faU
trine.
Hinterland, or land running into the inte- now when silver has declined and the money market is uneasy
rior from the coast, has been claimed by England for is proportionately great.
The stock markets have been feverish this week more so
herself.
It has been conceded to Germany, to France
even perhaps than in the middle of June, when the rise that
and to Portugal. Why not to Italy ? It is improbable followed
the introduction of the silver bill came to an end.
that England will consent to grant to Italy Hinterland On Tuesday morning the fortnightly settlement began very
extending in a westerly direction from the Bed Sea favorably. The joint-stock and private banks lent freely at
coast, thus allowing her to extend her power into the 4}4 per cent, but suddenly it was found that the Bank of Enginterior as far as Atbara and Kassala, and even to the land was charging all but its regular customers 5 per cent for
advances, and all at once the feeling changed. The jointthe Blue and White Niles, with their junction at Kharstock and private banks raised their rates and some of them
toum. Such an arrangement, from an English and limited the accommodation they gave. Bill-brokers and disdiplomatic point of view, would stultify the agreement count houses, too, hesitated to take bills, and rumors began to
already made with Germany an agreement the main circulate that some large houses engaged in the South Ameriexcellence of which is supposed to be that it giyes Eng- can trade were in difficulties. Further, the failure of the Cape
Bank, which when announced on Saturday did
land continuous territory from Uganda to Cairo, with of Good Hope
not not attract as much attention as might have been exi)ectunqualified command of the Kile.
It was said that it would lead to
ed, was now magnified.
large shipments of gold, and would therefore disturb the
money market. The fall in silver and silver securities added
bills
at i}4 per cent.
about 4?^ per cent.
—
—
[From our own correspondent.)
London. Saturday, September 27, 1890.
Bank of England on Thursday raised
their rate of discount from 4 to 5 per cent. During the week
ended Wednesday night gold amounting to £532,000 had been
withdrawn from the Bank, and during the three weeks ended
on the same evening nearly 1}^ millions sterling had been
withdrawn.
The result was that the stock of gold fell to
about 31 millions sterling.
Moreover, the probability was that there would be a further
large reduction. The demand for Brazil, Portugal and Egypt
was strong, and a fresh demand has sprung up for South
Africa.
At the end of July the Union Bank of Cape Town
closed its doors, partly in consequence of forgeries on it, and
The Directors
of the
to the general uneasiness. Speculators for the rise began selling on a very large scale, and there was a good deal of bear
selling al?o. The uneasy feeUng continued throughout Tuesday and Wednesday the rise of the Bank rate at first was felt
;
as a relief, but there is
still
much uneasiness.
and Mexican railways have perhaps
suflFered most, especially the deferred stocks of British companies. The argument of the bears is that money is to be
dear and scarce, that the working expenses will be heavy, and
the prices have been carried unduly high. On the other hand,
South African securities have not suffered as much as might
have been expected. De Beer's diamond shares fell, it is true,
about 1}^ on Saturday, but they recovered half the fall on
Monday and have smce been very steady. Even gold shares
have not declined as much as might have been expected. Diamond shares are in much favor on the Paris Bourse just now.
British railway stocks
1
,
.
>
IHE OH JiOJMCLii.
482
is in a very confident mood and believes
capable of carrying prices as it wishes. It has also been
Supporting the gold market. Copper shares have also been
and the Paris Bourse
itself
Land
The American market is exti'emely depressed, and the
conviction Is growing here that there must be some cause
The public holds
of weakness not generally known.
entirely aloof, and even professional speculators distrust
the market. They have been puzzled and disgusted by the
long stringency and by the continued fall since ease
has returned. It is not probable, therefore, that London
will give much support to the market until there has been
shares, however, have fallen heavily.
remarkably firm.
a decided advance in
prices, niaintained for
a considerable
time.
But wliile London is thus anxious and depressed,
the Paris Bourse is as confident as ever. There has been, it is
true,
some
slight
check even there, but the best opinion in
Paris seems to be that the three-per-cent rentes will be carried
to par before the year is out, that there will be a proportionately great advance in the obligations of the railway
companies and other first-class investment securities, and that
shares will participate in the rise. The Bank of France is so
strong, it is believed, that there will be no stringency in Paris
this year, especially as with the funding loan in prospect the
Bank is sui"e to do its utmost to keep the market easy, and if
the market remains easy speculation Will increase. The
Messrs. Pixley & Abell write as follows:
Gold.— Since our last the Bank lias received £35,000 of cold and
£b<p,000 has been -nitlidrawu, viz £400,000 for Lisbon, £1.55,000
for Egypt. £100,000 for the Cape and £20,000 for Rio. Arrivals:
:
Elvtr Plate, £6,750; Southl Africa, £18,000; Ausitralasia, £20,000;
Alexandria, £600, and Bombay, £250; total, £45,000. The Peninsula
AOiiental atuamer Paramatta takes for Alexandria £65,00a coin,
Bombay, £38,000 coin and £17,500 bars, and Penang, £7,000 coin.
The Miza pore takes £69,500 to Bombay; total, £107,000.
Bj'vsr.— Owing to no buying orders being received from New York,
and lower exchanges from India, silver has fallen to 52d., that being
the price for the past three days the niaiket closing firm. No selling
ordCTS hayc been receiyed from America at current rates during the
week. Arrivals: Riyer Plate. £4,000 Alexandria, £5,000, and New
J ork, £275.000; total; ,t284,000. The Peninsula & Oriental steamer
takes to Bombay £330,000.
Mexican dollars.— Mexican dollars are scarce, and there is no demiuid, the price still being l%d. per ounce under silver. The Peninsula
* Oriental steamer takes to Penang £10,000, HongKong £2i!.450. and
»
Shanghai £5,100 total, £37.550.
;
;
-
far less strong than tliat'cif Paris, but
is
will
it
probably follow the lead of Paris, and consequently iiiterna.
tional securities of all kinds have been better maintained than
other departments of the Stock .Exchange here. Yet the
Imperial Bank of Germany yesterday raised its rate of discount to 5 per cent, and it may be that money troubles may
check speculation in Berlin.
Mr. Palmer, the financial adviser of the Egyptian Government, is in London negotiating the conversion of the Domain
loan. It is doutful, however, whether he will succeed in the
present state of the money market. Probably the operation
will be put off till the spring.
Trade continues exceedingly satisfactory. The reports respecting iron are especially good. Orders are plentiful, and
the markets are strong.
The weather this week has been again unfavorable to har-
and the wheat market is firmer.
The rates for monev nave been as follows:
eom;
«
8
,
Four
Three
q
Months UontJis
Aug. 83 4
'
29
Sept. 6
"
12
••
19
"
26
re.t allowtd
lor deposits by
3Ti®~
Disc't H'se
.Toint
1
1
3«®-
SHls,*
5
4«e
The Bank
- m@
-'4«@ -
5
®-
®
6
—'5
7 to 14
2H
ZH
2«
2H
2%
sa
Bar gold, fine
oz.
Bar gold, coutain'g
77
20 dwts. silver. .oz.
Span, doubloons .oz.
S.Am.doubloon.s.oz.
®—
77 10
3«
2k
2>t
September
Bank
Bank
Hamburg
3
5
4
4
Amsterdam
2hi
Frankfort
Brussels
3
4
Madrid
Open
Markel
2«
4«
Bt.
IB.
September
13.
Open Bank
Open
Market Rate. Market
2«
S
2M
2H
2H
4
SH
3
mm
iH-iU
2«-2«
3k 3«-3«
2H(
3
4
4«
6«
3H
September
Bank
~"2>i~
3«
SH
2«
aw
3
4
4
4
iH
^H
4«
s
5>t
5
3«
3H
SH
4
4
4
2«
The following return shows the
5.
Open
Bate. Market
SH
SH
SH
2«
8«
4
4
4
6
3H
Bate.
4
*
Hi
Petersburg.
Oopeohagen...
2-H-2M
#
Sep' ember SX.
Hate.
3
4
2!-<
3!^
3«
£
8
4
4H
5W
3H
5
U.nited
Other deposits
Bank
of
1888,
Sept. 25.
Sept. 20.
1887,
Sept. 28.
£
£
21,463,155
21,78}.930
34,458,100
5,220,075
4,8W,934
4,960,19)
£
28.085.781
14,415.363
34,001,537
21,316,503
22,015,10!
14.660,802
Other securities
22,879,191
20,791,13
14,721,100
30,774,737
Reserve.
12.762.00 )
30.793.01 6
13,163,369
13,393,439
13,313,250
31,043,389
20.668,581
30,803,340
securities
bullion
Prop, assets to
Bank rate
liabilities. per ct.
Consols
Clearlng-House returns
*
Cake silver
Mexican dola.
Kingdom during
the
perct.
«
first
with ji^evious seasons
.
„.,
,
Wlieat
Barley
....c-wt.
Oats.
l'«'M
Beans. ...i
Indian corn
Flour
oz. 62
of-
63 7-10
R2H
63 15-16
oz. 66 1-16
. . . .
'5TH
oz
'51
BO'ij
16-18
cereal produce into the
three weeks of the season
:
IMPOKTS.
1S90.
1889.
5,167,760
3,957,570
1.341.922
885.100
800,344
98J,637
66.808
94,838
83,842
275.840
2,475,185
2,016,706
910,301
1,062,212
1888.
3,411,173
502,017
1,001,914
89,360
193,763
1,753,551
1,058,417
1887.
3.727,101
770.947
748,775165,307
153,850
1,380,331
1,109,501
Supplies available for consumption (exclusive of stocks
September
on
1):
1890.
tmport8ofwheat.cwt. 5,167,760
Iuu)orts of flour
910,301
Sale* of home-grown 2,343,112
Total
18S9.
3.957.570
1.062,212
2,325,870
8,421.173
1890.
Aver, price wheat -woek.32s. Id.
Ay. pnce wheat season .338. 5d.
a,058,417
943,046
7,345.652
1889.
5,412,036
1888.
5d.
2d.
34s. lid,
36s. lid.
29s.
309.
1888.
3,411,173
The following shows the quantities of wheat,
maize afloat to the United Kingdom:
This weeJc.
Last iveek.
2,049,000
188.000
589.000
1887.
3,727,101
1,103,583
2,878,491
7,715,115
1887.
28s. 9d.
299.
Id.:
flour
and
1889.
1,288,000
160,000
368,000
1888.
2,059,00a
222,000
119,000
Ensllalt Financial >IarI<ets— For Cable.
The daily closing quotations for securities, &c.. at London
are reported by cable as follows for the week ending Oct. 10
42,^
41H
5 (Sept, 35) 5(Sept. 36) 4
94 13-16d
95 15-16d.
100)^
i3.i, 63,000
100,374.000 105,131.000
_>
*
Siher, per oz
Coiisol9,new, 2?4 per
Mon.
Tiies.
Wed.
Thurs.
5038
Sat.
d 51
50
50%
50 14
Fri.
94»,,
cts.j 949,8
9415
do for account
95
Fr'ch rents (in Paris) fr. 94-5712 94-65
106 14 IO6I4
U, S. 4iaB0f 1891
U.S. 48 of 1907
\2ohi 12512
79!'8
Can.tdian Pacific
78%
6339
Chic. .Mil. &St. Paul.... 65 14
I
IO712
1101^
Loui8yille& Nashville.. 8578
Mexican Central 4s
75
N. Y. Central & Hudson. 108
N. Y. Lake Eric & West'n 2414
2d cons
105
do
Norfolk & Western. pref. 61%
Northern Pacific, pref... 77%
PeiinsylyaBia
53%
Philadelphia cb Reading. 19I2
5414
Union Pacific
2314
Wabash, pref
94U,a 9413,
9518
951i«
94-8712 94-85
IO6I4
IO6I4
125%
1251a
79I2
79%
94i6i«
95 14
64
63%
107 12
IO6I4
101
1091-2
109%
110
8414
7414
83
74 14
108%
81%
107%
107%
24
2378
101 14
60 14
7612
5338
19
52 14
22I2
104%
595e
76%
5338
1938
53
2-2
75
108
23%
9538
94-82% 94-40
106
106
125
125
7878
79 >8
6II4
62
IO7I2
8378
50
102%
109%
8314
74 lo
74 14
107%
IO6I4
22%
IO414
61
102
77%
53%
19%
53%
21%
76
59%
5314
iS'e
52
21
22%
103
59%
76%
.n3%
18%
53%
21%
National Banks. The following national banks have
recently been organized
4,426—The National Bank of the Republic of Tacoma, Wash. Capital,
$200,000. Harry M. Bull, President; Henry S, Martin, Cashier.
4,427— The First National Bank of Iloquiam. Wash. Capital. $50,000.
Franklin D. Arnold, President; Harry W. Smith, Cashier.
4,428—The First National Bank of Darby, Pa. Capital. $50,000, W.
Lane, Verlendcn, President; William L, Buck, Cashier.
4,429-The First National Bank of Valdosta, Ga. Capital, $50,000.
8 L. Hayes. President; H. C. Briggs, Cashier.
4,430— The Richmond National Bank, Richinond, Ky. Capital, $200,000. J, W, Carpenter, President; J. E, Gi-eenleaf, Cashier,
The corporate existence of the First National Bank of Richmond, K.v,
(No. 1,728) expired at close of business October 3, 1890, by limitation'.
:
3H
3,803,.363
Public deposits
silver
silver, containIng ocrs. gold. .oz.
—
24,330.130
Circulation
Bar
Bar
9
77 10
3
:
1890.
Sept. 34.
Colnand
77
The following shows the imports
QOJBipftred
Sept.m,
2i.'
'i.
2H
2H
4
position of the
4
4
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years
Oovernment
9
and open market rates at the
Illinois Central
now and for the previous three weeks Lake Shore
Rates 0]
Paris
Berlin
s.
Dayf.
have been as follows:
Interest at
d..
s.
2H. 2H--2H
rate of discount
chief Continental cities
Sept. 18.
London.
,3«®4~
4
4
4
j
M
Call.
Ihree
3H® - SH® -\S9m - 3«® - 4 ® - 4 ®
m0 - 3«® - S}^® - 356® - 3J6® -;3J<®
35«* - 3«® -3J«® -SJ^4 4 ® -14M®
4 ® - 4 @ - 4 ® - 4>^@ - 4«®4M 4«®
4
;.
Four
Six
Stock
Months\Monlhs Months Months Banks.
Six
Sept. 26
Int
Trade BUU.
Bins.
SILVER.
London, standard. Sept.
I
London standard.
qre. 2,010,000
Flour, equal to qrs. 172.000
.Maize
qrs. 516,000
Open Market Bates.
Bank
Xiondon
for bullion are reported as follows:
Wheat
vesting,
.
;
The quotations
.
Berlin mai-ket
[Vol. LT.
30.580,89
3
43;ii
4
101 9-16(1.
87,611,000
Imports and Exports for the Week.— The imports of las t
week, compared with those of the preceding week, show
an increase in both dry goods and general merchandise.
The total imports were §13.1.58,145, aga'aist $8,708,011 the
prejeding week and $11,285,849 two weeks previous. The
expKDrts for the week
asiainst $10,247,773 last
7 amounted to $S, 833,008,
$8, 189,648 two weeks previous.
ended Oct,
week and
The following are the imports at
New York
for the
week
.
OCTonKR
ending
(for
11,
THK CHRONICLE.
1800.J
Koo<l8) Oct, 8
dry
for the week ending (for
totnla since the beginning
and
general mprclinndiso) Oot, 8; also
of the tirst week in Jammrv.
1887.
n»r Week.
6,621,409
Oen'l luorMlac.
$2,000,151
5,81 1,027
1889.
1800.
$2,588,720
B, 177,707
2,001
,009.92(1
f0,24
488
—T'>e Union Uiscount Company, of
I^tid-.n, h«v.. remore.1
Th.. <nnl of
in the Ciiko.nk.i.k, «n the third
this card th.i rat.M allowed for in...,..»
financial Htatenicnt giving the I,
now oOIcm-s at No. ao
company appi.arw wt«kly
to their
atlvertimiig page,
NEW YORK,
1888.
*2,2«4,13()
CiooilK
.
the
roBEIOM IMPORTfl AT
Dry
V
:
ami
(Jornl.ill, I>,i,d..n.
m
are published. The
sheet and profit and loiut account for Uio hIx luoutlw
June 80 was in the Aug. 2 iwue of the Cubomiclb.
.
,,,,
,
19
Baltimore ft Ohio— i hegapeako ft Ohio rannl.—Jud|r«
Alvey, at Hagerstown, Md., luiving made a decree for tb«
*'!< '.II i-i-; *"V>,579,060 $10fl,402,.'545
Dry (iooils
$119,052,523 sale of the C. & O. Canal, and then having H(iM|)onded that
7.473,248 278,341,527 296,192,090 decroe, an Bpi)oal has lj«'ou taken from the latter
Geii'l nicr'dlsc.
order by th*
Clies. & Ohio Canal ComiKiny.
A Baltimore iiaper mtb :
Total 40n-eal(«. jr>............ ..,i. 4 .;«^0,052,3Q8!$384,744,072 j$415,24a,213
"Ihe Baltimore & Ohio Kailroad Compunr haa scored an
In our report of the dry goods trade will be found the im|X)rtaiit victory by tlie decision of Judge Alvey, no*'
pending his decree of .sale for four voan*. This will prevent
Imports ot dry gomU for ono week later.
The following is a statoment of tlie exports (exclusive of the Washington & Cumberland ftailrc.ad from (Mfurine
the canal bed and tow-pntli for a rival railroad from the stoft
•pecie) from tlio port of New York to foreign ports for the
coal regions of Western Maryland and West Virginia. The
week ending Oct. 7 and from January 1 to date
Baltimore & Ohio has had a large traffic from these mines, the
aXPORTS ?ROM KGW YORK FOB TUB WBKS.
canal not Ijeing much much of a competitor, although it also
had a large coal trade. The establishment of the Washington
1887.
1888.
1880.
1890.
& Cumlwrland RR. uiwn such a route was also regarded as the
For the week...
$0,280,022'
$5,887,711
$7,934,885
$8,833,008 initiative stop toward a new trunk line to the West. Bait, ft
Prov. reported
231,033,709 218,230,985 259,119,841 251,181,209 Ohio lawyers helped
the 1844 bondholders to win their case.
Total 40 weeks. $237,919,731 $225,124,696 $267,054,726 $200,014,277 Under the decree, Jos. D. Baker, Kobt. Bridges. and Richard
D, Johnson are appointed the sole trustees and are r<!f)iiirod
The following table shows tlie exports and imports of specie to furnish bonds for §1,000,000.
The 1844 lKm<lliolders
at the port ot New York for the week ending Oct. 4 and declare that they can successfully operate the canal as
a
since January 1, 1890 and for the corresponding periods in
waterway. They will immediately organize and proceed to
18S9 and 18SS'
put in oi)eration their plan. By the decree of the Court they
will be compelled to reimburse the trustee for the amount
BXPORTS XSD lUPORTS OF 9PECIB XT XEW YORK.
expended by tho latter in putting the flood-wrecked^
ExiMrts.
Iiiiporls.
canal
in
good
working
order.
They
must
also"
Gold
pay the interest and principal on the 1878 bonds
TTeek:
Sitiee Jan. 1.
Week.
Since Jan. 1.
and upon the full payment of the interest and principtU of
Groat Britain
$13,786 $11,074,569
$161,810 the 1844 bonds the control of the trustees shall end. It is
71 n oAft
France
2 '^Oj '*^.' hardly likely that the bondholders' organization
can carry
German V
2,7721835
8»2,9(;i)
out their plans succeasfully, but it is highly probable that beWest luilles
14,500
2.4:^7,623
9i2,3d6
2,810.000
Mexioo
fore the time limit has expired tho Baltimore & Ohio will be
5,720
20,352
South America
47,700
1.541,713!
is.'ido
165.270 prepared to buv or lease the canal or in some other way gaiu
AU other countries..
10,000
Total
Sinef Jtttt,
$7,911,178
$i,006.530
$8,068,487
$13,158,14.')
].
'
1
|
1
142,891
Total 1890
Total 1889
Total 1888
14,889
008,922
$85,986 $18,635,556!
l,688,181i 48,108,515
$60,589
03,731
119,758
$7,233,617
4,881,321
49.402i 18,944,545'
Exports.
5,447,(174
Imports.
Silcci:
Week.
Great Britain
Wfst Indies
Mexico
South America
All other countries..
Total 1890
Total 18S9
Total 1888
Since Jan.l.
Week.
control of
Uulteii States SiihTreasnry.—The folloNving table Bhow»
the receipts and payments at the Sub-Treasury in this ci»y, a
well as the balances in the same, for each day of the week.
Since Jan.l
Balances.
Date.
$225,150 $13,851,472
1,000
288,175
it."
Beceiptt.
Payments.
Woin
Coin.
$1,407,900
'ssiods
$39,339
2.962
22,612
366,029
114,856
$226,150 $14.681, 147i
461,220 15,438.718;
375,8501 10,021,409
Ourrenep,
Oeri's.\
1,351
$
1,191.122
"iiisos
$56,804
24,439
17,051
710.004
391,530
305,715
1,227,994
3.826,333
2,869,620
3,665.569
Oot.
2,363,5721
2.356,835
2,500,516
.$5,295,928
1,098.511
1,365,841
2,701,901
2.333,015
2,869,422
2.452.467
2,715,066
2.389,784
Total
&
—Attention is called to the card of the Continental Trust
Compfiny of this city in to-day's Chronicle. This company
wa-s organized about the first of the present vear with half a
million capital, and its business is reported as most prosperous;
its surplus fund now shows a balance of two hundred and fifty
thousand dollars.
The gentlemen comprising the board of
directors, together with the officers of the company, are
among the prominent and capable business men of tlie city.
The institution receives deposits on time and on demand, acts
for estates, and does all business usually attended to by trust
companies.
—Mr. George Rutledge Gibson, of the Consolidated Stock
Exchange, has published a small pamphlet on the " Berlin
Bourse," which will be found interesting, and may be obtained
gratis on application at the office of Messrs. Watson & Gibson,
No. 5.5 Broadway.
9,242,172
10.844,674
12.104.982
13.259,515
13.362,877
148,215,7921 13,613,139
5,86o,eie
5,706,6»t
6,265.851
6,082,795
5,943,827
5,859,990
17,582,4451 15,461,685!.
DIVlDBNOSi
—The
prospectus of the National Cordage Co. is laid before
the public by Messrs. August Belmont
Co. and Messrs.
yermilye& Co., of this city, in connection with the offering of So.OOO.OOO of 8 per cent cumulative preferred stock
of the company. The company has been formed under the
laws of New Jersey for the importation of hemp and the manufacture and sale of cordage, and the present increase in the
capital is to obtain money to perfect the consummation of
various contracts by which it owns and controls fifteen of the
principal manufacturing concerns of the country. Sworn repw-ts as to the operation of the properties now combined show
tmit the annual aggregate profits for the past ten years have
been more than enough to pay tlio annua'l dividend of 8 per
cent on the preferred stock and leave a handsome surplus.
That stock is preferred not only as to dividends but as having priority over the common stock in all of the properties and
assets of the companies in case of liquidation or dissolution.
Both cla-sses of stock have the same voting power. The common stock, amounting to $10,000,000, remains in the possession of those interested in the property and management.
Subscriptions to the preferred stock, at par, will be received
by the bankers mentioned above and their associates in other
cities, during business hours on October 14 and 15.
The subscription for the entire amount of that stock has been guaranteed by underwriters in this country and abroad. Full particulars will be found in the advertisement.
151,649.501
150,677,803
149.594.482
148.594.110
148,271,485
Per
When
Cent.
Name of Company.
Payable.
Books Closed.
(Days inelusive.)
Railroads.
Central of
Xew
Nov.
Nov.
lOct. 16 to Nov. 2
15 Nov. 2 to Nov. 16
3
Oct
10 Oct.
2
Jersey (quar.)...
Nov.
l»a
Lake Erie & Western, pref. (quar.)
Newport & Wicktord
Kire liiaurance.
1
3
Korth River
iTIlKcelfaneous.
American Tobacco, pref. (quar.).
1 Oct.
Oct
e
19 to Nov.
3
3 to
—
Anctioa Sales. The following were raoently sold at auction
by Messrs. Adrian H. MuUer & Son
:
Bonds.
Shares.
$1 0,000 Del. & nud. Canal (Pa.
5 Chemical Nafl Bk
4,835
10 Lawyers' Title Ins. Co. .160
30 Continental Trust Co .... 1 53 "a
&
Iowa Cent. By prof
Logansport
if.i.OOO Union
RR. Ist, 7«. 1905
ISO's
35 Imp's. &Trader9'Nat.Bk.579
$25
Boiuls.
$1.000Bleecker8t. & Fulton
Fer'yRR.l8t,7s,1900. J&J.lieis
$3,000 Ellz. City & Norf. BR.
Ists (Cert, ot deposit of Atlantic Trust Co.)
M^k8...143%
Dlv.) 1st, 7s, 1917.
stock
.
scrip
14
$800 ra Cent.R'y Ist M.acrip,
bear'K int. from June 1, '87. 97
$29,000 Lower Merlon (Pa.)
Water Co. 1st, 68. 1917. .$100
25
. .
and Brooklyn Gas Secarltles— Brokers' Quotations.
GAS COMPANIES.
Bid.
OAS COMPANIES.
Bid. Ask.
N. T.
I
Brooklyn Ga 8. Lleht
120
(Tlttxens' Gas- Light
94
Bonds, 68
100
OonaoUiuted Gas
97
Jersey City * Hoboken.. 175
Metropolltiin— Bonds
110
Katuai (N. Y.)
120
Bonds, 69
100
Nuaan (Brooklyn)
130
Borlp
100
^attHlttg
Spencer
;
123
95
ICS
98
94
189
108
Bond8, 68
Metropolitan (BMoklyn).. 108
Municipal— Bonds, Ts
1S»
PaltonMonlclpal
1100
Bonds. «8
12*
Ennltable
108
i&ond8.6»
People's (Brooklyn)
1
Williamsburg
I
llT
129
103
95
'lU
1....^
110
'....—4
[140
Il0»
iiaS
110
atttl Iflujiuclal.
Trask
BANKBR8,
Wo». 16 and 18 Broad Street,
ALBANY. N. T.: SARATOGA. N. Y:
&
Co.,
Now York
City.
PllOVIDB^C*. K. L:
BANKINB Bt;.<»IXBSS.
TKANSAOT A
All classes of Seoirities Bought ami Sold on Commlmlon. BpacM
attention given to Investment SecurlUes. Direct wlro
aod to Philailelvliis, Boston and Chloayo.
OKXERAL
w
2
IHE CHRONICLR
484
She
I
Vol. LI.
Posted rates of leading bankers are as follows:
jBmikzvs' Oiaxette.
October 10.
gp" For dividends, tee previout page.
Sixty Dayt.
Demand.
Prime bankers' sterling bills on London.
4 82
4 87
Prime commeroiaV
4 SO 84 8OI4
Documentary commercial
4 79%«4 80
Paris (francs)
5 231835 22I2 5 2058a5"2O
WAJLL. STREET. FRIDAY. OCTOBER 10, 1890-3 P.M.
The Money Market and Financial Situation. — Tlie attention of the whole country, and indeed of London and the Amsterdam (guilders)
3915,, 3J0
40>,Ra'40i4
94%a94i2| 9514395%
financial centres of Europe, has been directed this week to the Frankfort or Bremen (reichmarks)
New York stock market. Without any panic, without a sinUnited States Bonds,— Government bonds stand to-day
gle failure or serious disaster of any kind, without a cloud on
just where they did last week. The Secretary of the Treasury
•
the financial horizon "bigger than a man's hand,"
we have
had a sudden shrinkage in values that has been equaled
in the
past only by the worst periods of stock panics.
On all sides the question has been asked : What is the matter? Wliatis the cause for this great decline in stocks? And
it certainly is not easy to make a satisfactory answer to
The causes appear to be quite general in
this inquiry.
their nature, and the crisis is only a sudden and un«xp>ected culmination arising from events that have been
noticed from week to week for a long time past. Going back
to the buoyancy of last spring, it would appear now that there
was a large amount of stock then taken aboard that there has
never since been any opportunity to unload. The silver law,
then talked of as one of the things certain to produce a boom
in stocks, has done absolutely nothing for the market; the
cereal crops, which looked well early in the season, have been
figured down from bad to worse in the successive monthly
reports of the Agricultural Bureau; the railroad reports,
though certainly showing very handsome returns of gross
earnings, have shown some decline in net; finally, the tight
money pinch before the large Grovernment purchases of
the 17th of September tested most severely the courage and
tenacity of those who were carrying stocks' and after it was
them weak in spirit and easily assailable.
It is true that these are generalities, but they seem to be the
long causes which led up to the present crisis in values and
made the bear assaults on the market possible. If the analysis
<5ver left
offered yesterday to purchase more'of the 4>^ per cents at par,
with interest to maturity, and accepted to-day §5,000 of them.
The closmg prices at the N. Y. Board have been as follows:
Interest
Oct.
Periods
4
Oct.
6.
Oct.
7.
Oct.
8.
reg. Q.-Mch. •104
104 *104
coup.,(3.-Mch. 1*104
104 *104
Teg. Q.-Jan. 1*12212 '1221a »122i3
*119i2 1191a "11912
Dostamp'diut. pd.l
4>s8, 1801
4>9S, 1891
4b. 1907
-104
•104
Oct.
9.
—
*
This is the price bid at the morning board
State and Railroad
;
no
sale
10.
•10313
•I03I2
'I22I2
•11913
•12213
'II912
•104
•104
•12213
'1191s
•I22I3
'1191a
•113 •113
•116 '116
•119 •119
•12113 •12113
•12213
•11913
coup. Q.-Jan. *122i3 122 12 *122i2 •122i«
*319i2 II9I2 no's •11912
Do ex-cp toJ'ly,'9l'
69, cur'cy,'95
reg. J. & J. *114
114 -114 •114
reg. J. & J. *116
116 ni6 •116
69, cur'ey,'96
6a, cnr'c.r,'97
reg. 'J. & J. *119
'119
*119 •119
6s, cur'c;,'93
reg. J. i- J. *122
122 •122 •122
125 *125 •125 •124
69, cur' jy ,'9 a
reg. J. & J. *125
49,1907
Oct.
•124
was made.
Bonds.—State bonds have been well
held.
The sales include the following: Alabama, Class A,
$6,000, at 103i<@104; Louisiana consol. 4s, §4,200 small, at 86;
North Carolina 6s, 1919, §5,000, at 125; South Carolina 6s;
Brown consols, $1,500, at 100; Tennessee settlement 3s, §3,000,
at 72, and 5s, §2,000, at 103i^; Virginia 63, deferred trust re'
ceipts, $5,000, at 9)^.
Such severe and prolonged depression in the stock market
could not but have a demoralizing effect on the market for
railroad bonds.
general fall of prices has taken place, and
this fall in not a few cases has been very marked.
Atchison
4s, for instance, fell 2}^ points, to 81i^^, the incomes
points,
to 55.
Reading incomes, too, declined notably
the first
preference bonds 4%, to 62i^, the second preference bonds to
42. and the third to 34. Richmond Terminal collat. trust fives
sold down to 68. Over twenty leading issues sold lower this
week than at any time previously tliis year. To-day, however,
there has been a partial recovery, as is shown by the fact that
Reading first preference bonds close at 65^^.
A
approximately correct, it is equivalent to saying that there
of some four months when the market dragged
Z%
along without buoyancy and without the capacity of taking
large amount of stocks, and at the end of that time, after
any
a sharp stringency in money, it was attacked by the bears
•with a movement of great force and concentration. At this
juncture comes in another point of great importance namely,
that the leading stocks were to a great extent unsupported by
the parties supposed to be heavily interested in them.
From the foregoing remarks it must be concluded that the
Railroad and Miscellaneons Stocks.
The downward
present shrinkage in stocks and bonds has been owing more
to market influences than to any sudden decline in the proper- movement in the stock market noted last week was accelerated
ties which they represent. And if this is true, it should follow early this week by the less favorable bank statement and by
that in both stocks and bonds there has been offered a most heavy sales on London account. Fears also of a strike on the
unusual opportunity for favorable purchases, pnrticularly Erie and rumors of various kinds were made use of to keep
of the low-priced specialties.
Taking those companies things imsettled. On Thursday false reports of a panic on
which are perfectly solvent, with every prospect of having the London Exchange added to the weakness already prevailabundant income in the future to meet all their obliga- ing, and stimulated the extreme decline, which carried more
tory charges, and it certainly appears that the chance offered than fifty leading stocks to the lowest prices of the year.
to buy some of their stocks and bonds at low figures, for a While there has been much selling for the short account,
long holding if necessary, has seldom been equaled. Though there has also undoubtedly been a heavy liquidation of long
it is hardly necessary to add in this connection that parties stock, or, in other words, the selling out of a large amount of
who make such purchases should be strong enough to hold, stock that had been carried for a good while in hopes of a
and not liable to be shaken out on every 5@10 per cent rising market to sell on. The stocks held abroad have
been
particularly
ijrominent
in
the
fluctuation in prices.
decline.
LouisThe open market rates for call loans during the week on ville & Nashville was thrown on the market in
stock and bond collaterals have ranged from 21^ to 7 per cent, large amounts and broke to 79. Union Pacific and St.
4J^per cent having been a fair average. To-day rates on call Paul were treated only a little less severely, St. Paul
were Z% to i% per cent. Prime commercial paper is quoted at falling to a point where it has been only once since 1879.
Reading, too, from 401-^, at which it sold last Friday, was
6@ 6 J^ percent.
The Bank of England weekly statement on Thursday showed knocked down to 34J^, and Atchison tumbled to 33.
Erie,
a decrease in specie of £658,000. and the percentage of reserve on the rumored danger of a strike, likewise figured promito liabihties was31-51, against 33.51 last week; the discount rate nently in the decline, and Illinois Central, on moderate sales,
remains unchanged at 5 per cent. The Bank of Fi-ance lost fell to 901^.
But in addition to the London stocks many others were al13,075,000 francs in gold and 5,975,000 francs in silver.
The New York Clearing House banks in their statement of most as noticeable for weakness. Burlington & Quincy went
below 90, New York & New England to 39)^ and Rock Island
Oct. 4 showed a decrease in the reserve held of SI. 019.900
and a surplus above the required reserve of §11,511,300, against to 74 Jg, while North American reached 31 Jg. Much comment
was excited by the sudden activity of Western Union, said to
$14,075,400 the previous week.
be due to the selling out of a pool, the stock falling below 80.
1890.
Tennessee Coal & Iron preferred experienced an exceptional
Dlfferen'sfrom
1889.
18SS.
Oct. 4.
Free. week.
Oct. 5.
Oct. 6.
decline on small sales— from 99 on September 23 to 80 Wednesday. Pullman and Distilling & Cattle Feeding stocks were
Capital
conspicuous exceptions to the rule, and sold higher. A stock
60,812,700
60,,762,700
60.762,700
Biirplus
59.987,100
54 .625,100
dividend which many expect accounts for the strength of
liOans and disc'ts 401,838.800 Inc. 7,809,700 407 316.500 49.818,200
395,636,400 the former and tha expectation of increased dividends that
Circulation
3.507.600 luc
25,700
3..959.700
6,517.900
Net deposits
413,016.000 luc .6,1 77,200 41 273,800 412.762,800 of the other.
Bpecie
93.798,300 Inc. 401,000 167,,321.700 84,902.900
Sugar has been weak, and Buckeye certificates, on a reducI/egal tenders
20,966,900 Dec. 1,420,9001 34, 078,700 29,705,300 tion in the price of oil said to be forced by the Standard Oil
Eeserre held
114.765,200 Dec,l,019,900 101. 400,400 114.608,200 Company dropped to 19, as against 30}^ on Wednesday of
liegal reserve
103,254,000 Inc. 1,544,300, 103, ,063,450 103,190,700
last week.
Barplns reserve.) 11,511,200 Dec.2.564,20o!df.l,66slo50, 1
Qptton oil new preferred was relatively strong in the face
1,417.500
of the general weakness. Silver fell off over two points.
Foreign Exchange.— The sterling exchange market is quiet
From the lowest yesterday there was a rally, and to-day the
and lower, rates having declined in consequence of small intone of
qmry and a larger offering of bills. Actual rates are Bank- na was the market was rather better. The price of Lackawanraised from 142 J £ to 144 Sg; but this was exceptional
ers sixty day's sterling, 4 81,14^4 %1U demand, 4 86'd4 SBir
^ ".4 and had little effect on prices in general.
cables, 4 87@4 873^.
The Secretary of the Treasury has purchased this week
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying 880,000 ounces of silver, at prices ranging from §1-1070 to
$1'1235.
The purchases took place as follows: On Monday
discount, selling par; New Orleans, commercial ?3-00
dis- 300,000 (out of 780,000 offered), at §M215(a§l-1235; on Wednescount; bank, par; Charleston, buying, i^@316 discount,
selling day 380,000 ounces (out of 743,000 offered), at $l'1158'(a§l-ll7;
"5>§9'>c. per §1,000 discount; Chicago, 70c. per to-day 300,000(out of
843,000 offered), at §1-1070@§1-1090. The
|l 000 dtotal purchases in October aggregate 1,615,000 oimces.
is
was a period
—
—
—
.
—
:
;
,
K
—
. .!
.
,
OCTOBKB
THE CHRONICLR
11, 1890.]
NEW TOBK STOCK EXCHAXaE—^CrJVg STOCKS
485
OCTOBER
for week ending
10, and tince JAN. I,
HIOHSaT AND LOWEST FBI0K8
BTOCK&
Ati'lilnon
Ti))).
A Hnuta He....
36>s
70-1i
5S>4
19
do iBt pret..
do 2dpref...
3<3
120
Alton
Clilc. A- Atl. Itiiief.Tr. Reo...
Qiitucy.
Cblcak'o litiriiiiKton
*12»a
92Hi
ObicaKo
STj
S3
30 Hi 85
132 •120
ISM 121s
pref.
«li>B
Do
pref
OUoaeo & Nortliwesteru
Do
pref.
Ohlcaeo Kock Island A Pnclflc.
OilcaKo St. Louis & PlttsburR.
Oblcoeo
•14»9
40
pref.
Bt.
Paul Mln.
Do
& Om.
*2S
pref
OleTe. Clucln. Chic.
Do
&
,
,
Iowa Central
Do
liSke Shore Sl Mlob. Southern
Jjong Island
IiOulsvUIo & Nashville
liouls. New Alb. & Chicago
Manhattan Elevated, coiiso!
Mexican Central
Mkhlirau Central
.
Do
<&
Mlnneaiiolis
Do
& St.
West
pref.
..
90
30
'13
lO'a
•25
pref
Mo. K, <fe Tex., all ass'nt paid
Do. new pref. when issued
Missouri I'aciflo
07
27
•97
104
Mobile A Oliio...
Nash v.ClmttanooKaASt. Louis
New York Central & Hudson
New York Chic. A St. Louis.
40
67
96
loJfl
O7I4
97V|
96%
_
23
20
'96
30
Sis
e>s
15
I7I4
20
8%
OS'e
'014
151a
6914
8%
6
1514
27
14
87
•43
•86
40
20
85
85
65
6638
03%
44
89
•90% 97%
•14% 16
88% 38% •38
40
20
82
27%
82
04% 05%
27
82
8%
73
8%
8%
76
20% 20%
116
•77
116
79
7
73
19
115
838
73
20
120
78% 78%
U9%10L%
102% 104
7
8
7
25
99
96
96%
19
3758
19
75
19
75
pref.
15
5
*5
68%
67
5
0759
27
100
8
•72
8
75
18% 19
lid
120
70% 77
96% 98%
•7
•22
8
27
15%
6
2958
20
30%
17% 17%
36% 38
18
74
16
45
112
1858
74
19
40
114
22
•20
95
27
82
05% 07
8%
75
19% 19%
*72
116
76%
120
78
9»%101
7
22%
8
25
5
5
66% 07%
25% 27
07% 68%
27% 27%
6
4238
41
4236
39%
415e
40% 41%
17^8
17%
058
175s
17% 17%
17% 17''8
6% 6%
27% 27%
80
09% 69%
37%
'36
2139
2238
60
7
27
17
27
7
28
58%
28%
75%
38% 59
27% 2S5a
V3
74''„
22
I'Z
22
21%
20
95
20
99
95
;n% 32%
20
48
29%
17% 17%
34% 36'e
16% 17%
69''8 71%
18
73%
20% 16
17
114
12
80
72
183r
50
114
H
80
22
97
2938
88
48
•110
120
11
48
112
18
93%
70
"
6%
26
16
58
20% 28%
72''8 73%
21
21%
36''9
17''8
74%
19%
1
6%
25
16
58
18
74I4
*72
69
36% 37%
3rj%
11% 11% 11
72
i03% ibs" 103%
15% 15% 15%
07% 67%
36% 36%
21% 2238
*(i8
120
120
i045^ 10234
21% 23
38
18
>17
100
100
15% 15% •15
30% 31%
•17
68 14
25% 25%
27
....
15% 15%
69%
69% 68
37% 3614 36%
23% 2258 23%
211s
30I4
•15
15'8
22%
1334
15
45
•43
113
120
19
50
113
10
72
11
80
108% 107
107
•16% 18
•56% 59%
27% 28
73 '8 74%
21% 22
'19
92
20
96
30% 31
18% 18%
3539 3068
17% 18
72% 73%
•17
•45
112
120
19
50
112
10%
11
80
80
pref.
A
Paeittc
Ann Arbor A
N.
M
.
Union Pacific
Union Pacific Denver
Vabash
107
2818
I8I4
Do
100
27%
pref!
"50'8
17'8
1814
27
18
33
33^8
33%
2838
25%
21
331a
72'8
Distilling A Cattle F. Co.'.'.'.'.'
Edison (kiieral Electric
"
I
'."'.
North American Co
Oregon IniprovementCo...
20i<)
i
20%
..
Do
do
pref
western Union Telegraph
_,
. .
Ihete are the prices bid
I
'
21
32''8
32%
2158
3338
20
32
71 14
20 14
72%
20%
72
20
73 3e
21
20%!
52%
20
21
20
30
20% 25
431s
46I4
9758
97B9
45%
46 '8
98
47%
08
48
4438
95
90^8
1458
19^8
40
45
45" 95%
47
43
21
31% 333?
70% 73%
19% 20
100% 108
25
25%
1739
1738
1758
33''8
34
34%
68
92
68
92
5038 51%
25% 25%
958
19''8
10
2058
30% 31%
68% 7038
19
19%
20% 20%
1878
19%
19
21
20
21
4409
41% 44
51% 52%
25% 26%
10
10%
20% 21%
30% 3158
7038
I
43% 45%
97% 9768
47% 4858
95
15
20
95
15
20%
3138
35%
3258
35%
40
40-'e|
40''a
40''8
44
97
41%
97
47% 47''8
88% 89
12
15
19% 20%
33%
31^8
71
19% 20%
19% 19%
20
21
43% 44%
94
I
97% 97''8
47% 48%!
97
1658
33-'8
43%
)
97
17
15%1 15
2038
20% 20%!
96''8
33% 34%
•41
44
I
24% 25%
68
92
50% 52%
'iS-'B
20%
10
10%
5158
•25
4258
16% 17
20% 2038
343s 35%
25% 27
1738 18%
33 34%
20% 2!j%
10% 10%
5158
45% 45%
|
'107
25% 26%
10
10%
21
21%
5014
25
850 139
Oct.
O1I35
2hI
9
8
8
Jan. 21
15% June 16
111% May IC
46% July 15
93 July lA
70% May 26
9 123% May 30
0'll7 May 2«
May
08% Jan.
2 148
77,046 74''»O0t.
700 14% Oct. 6 18% Feb.
700 88 Sept. 11 63 Feb. _
1,750 26 Oct.
SO'Tg May 10
450 82 Oct.
100% May 1ft
31,055 64% Oct. 9| 80% June It
95 Aug. 25; 101 May 13
1
2,470
IS
100 96
250 71
5,702
20
Oct.
9
1 1
Jan.
6
9
%
81
% Oct.
8
420 67
1,735
Jan. 17 127
27
Feb 19 80
96% Oct.
6
22
.May 21
May 21
27% May 21
June 27
Jane 10
9 120 Jan. 31
Feb. 19 12% May 13
Oct.
33% Mar IB
4
1,700 14% Oct. 9 lO'sMay 15
4,630 56% Oct.
6 08 Jan. 31
24,476 103 Aug. 21 114% June 5
5 86
Mar. 5 95 July 25
114,557 79 Oct. 6 92% May 5
1,100 33 June 2 54% Mar. 10
4.626 100 Jan. I4I117 May 18
6,400 17% Feb. 18 •31% June 4
568 90 Oct. 8 104% June 6
220 84 Sept. 13 104 Jan. 23
1,040 106 Sept. 6 117 Jan. 3S
50 Jan. 13 62% .May 16
"206 5 Sept. 5 8 May 3
600 12 Jan. 3 20 May 9
2,486
0% Apr. 23 2058 July 16
120 2'2 Apr. 1 31% May 10
63.394 66% Sept. 151 79% May 10
2,614 13 Jan. 71 30% Sept. 25
102 Jan. 61IO6 Sept. 2
6,578 102% Oct. 9 111 June 3
405 15i4 0ct. 10 18% Jan. 2»
310 07 Sept. 12I 75 Jfay 5
450 30 Feb. 211 42% May 5
33,380 21% Oct. 10: 29% May 19
350 57 Oct 6 69% .May 23
29,730 39% Oct. 9 52% May 16
244% Jan. 10 270 June 16
7,775 17% Oct. 9 2'->% May 20
714
0% Mar. 23 9 May 10
1,265 25 Oct. 9 345oMay 13
6-30 10
Oct.
9 24'^ May 6
6 0638 May 20
1,560 58 Oct.
10,625 26% Oct. 9 39% June 10
45,311 71% Mar. 19 86 May 19
1,820 19% Apr. 11 27% Aug. 2S
400 13% Apr. 17 24 June 6
237 21 Oct, 10 108% Apr. 24
2,883 29% Oct. 9 56 Jan.
1.260 10% Jan. 17 24 May 3
88,845 34% Oct. 9 48% May 19
46,710 16% Oct. 9 28% May 21
4,090 69''8 0ct. 9 87% May 21
15% Feb. 27 24^8 May 10
SOOi 40 Mar. 3! 53% May 14
240 104 Feb. 17 120 July 24
115 Jan. 7 130% May 13
400 10% Sept. 15 14'9May 9
156 70 July 31 105% May 24
31 Sept. 22; 38% June 16
.
82% Jan. 18 99 July 18
200105 Sept. 15 115 Jan. 9
Apr.
9 37i4Aj>r. 23
3,400, 24% Oct
24% May 20
16,193, 1658 Oct.
42% June IS
2,800 30% Jan.
08% June 11
42% Feb.
95 Aug. 19
68% Feb.
0878 Jan. 28
109,985 60% Oct
38% May 8
3,933 25% Oct
15 May 13
4.480
9% Oct
31% May 14
11,590 19% Oct
12% May 19
11,513 30% Oct
5.370 67 Feb. 24 79% May 19
36% Jan. !•
6,490 19 Oct.
1
94
44% 45
97
97%
48
48%
90
14
92
19
19% 20%
32% 34
38
41
3.220
147,000
38,695
10
5.770
2,1751
Oct 9 34% May 19
19 Oct 8 42% Aug. 18
40% Sept 15 65 May 15
68 Feb. 20 95% Sept 29
39% Jan. 2 64% June 6
92 Jan. 2 107% May If
6
36% Mar. 4 49 Oct 21
83% Oct 9 119 May 14
13 Apr. 14 23% .May
16% Feb. 21 24% May 15
9 47%!H'l>t 8
3178 Oct.
54 May 13
40 Oct
36% Feb. 2 47% July IS
1878
5,235
1,830
1,432
53,000
67,223
445'
9.460
337,000 77
5,192 187
40
38% 39
37% 38% 38% 39%
38% 39% 39
Sept 30 108% Jan. 31
80
81%
77% 79% 78% 80%I 79% 80% 79% 82
July 34
Feb. 28
219 219% 218 220''8 220% 221
220% 221
218% 221
220 220
Aug. 19
Jan.
112% 113
1114 112% 110% 111% 111 11138 110% iim 110% 11058 /,7jo,oGol 97% Jan. 31 121 May 21
10 95
122.445 50
7719 78 14
7559 77%
76% 78%: 76% 77% 76% 77% 76% 77% 7,6'20 39% Oct. 7 89 Jan. 7
42%
41% 43
40
41
39% 41% 39% 40% 39% 40% 40
£00 80 Oct. 8 119 Jan. 27
83
94 90 •94 96
82
80
89
90
89
SOI.)
R2% 79U 81% 80% S15s 42.5181 79I4 Oct 9 87 Mav 14
8158 82%
«0% 81% 81% 82
Loweat U ex-diT.
and asked no solo made at the Board. § Prices from both Exchange*, x Ex dividend.
77''9
Silver Bullion (Jertlflcates
Buear Rollneries Co
Tennessee Coal A Iron
1838
44I3
2014
1
3439'
25
'
39%
'.
2218
3458
7468
2012
109
28
68
92
92
92
521a
261a
1013 10%
pref.
Laclede Gas (St. Louis)
Nattona Lead Trust
108% 106
08
do
pret
Wisconsin Central Co
raiBcellaneonii Stocksl
Amer. Cot. Oil Trust receipts.
Buckeye Pipe Line Certirs 5
Chicago Gas Co
Citizens' Gas Co., of Brooklyn
Colorado Coal A Iron
Consolidated Gas Co...
Pullman Palace Car Co
281a
18=8
' !
Do
Pacific Mail
Pipe Line Certlflcatesv
109
33% 34
'
A Gulf'
Wheeling* Lake Erie
6% Feb.
119,000 89%Oct.
1.249 26% Feb.
1,200 70 Feb.
142,727 68% Oct.
9,436 108 Oct.
20,202 106% Oct.
I
Paul Minn. A Manitoba
Southern Pacific Co
Toledo A Ohio Central
„ Do.
Mar
120
...
16
100
104'4 I0414 1045e 103
....
22
20
23
18
Bt.
*
42
01
M
66% 08%
27
100
104% 104
,
Texas
42
87
*n>
12 13
13 15 •13 15 •13 15
12
13
16% 16% 15% 10% 16% 16%
16% 10% 10% 17
24 25 •24% 25% 20 25 22 25
23
23
27
100
50
Borne Watertown A Ogdensb'K lllialis
8t. Louis Alton A T. H pref. 120
123
8r.. L. Ark. A Te.T.. trust rec..
•11
12
St. Lou. A San Fran. 1st pref
74
75
Bt. Paul ADuluth, coin
Tol.
13
89^ 91%
144
19
36%
pref.
Do
13
30% 3038 30% 29% 30% 28% -2958 2858 29% 10,496 18% Jan. IS, 32% Sept. S
152''8 153% 153% 153%
153 15414 15358 154
1531s 155
3,269 147 Jan. 2 176 May
141% 143^8 143% 143^8 142% 144
140% 142% 142ii 144% 101,690 xl34%Apr. 2 140% July 21
1758 17%
17'9 18
1658 17% •10% 1769
17% 17% 1,280 14% Apr. 1 2178 Sept. 5
55I4
5514
54
56% 54% 55
65% 54
54% 5459 55
4,595 45 Mar. 26 01%Ang. 28
'8
300e
1553e
,
Ohio A Mississippi
Ohio Southern
..',.
Oregon K y A Navigation Co.
Oregon Sh. L. & Utah North.
Peoria Decatur A EvansvlUe
Phila.A Read. Vot. Trust. Cert.
Blohiuond&WestP't Terminal
Do
U
:
•28
85
0014
BlghMll
-
40
28% 28%
taaa
33
34% 83% 34%' 11S.46S 30% Jan. 1ft 60% May
S<^
6
6H •6
600^
4%P«b. 27 l(%May I»
70% 76% •76% 77%
611% 68%
62
62% 7,1.VV 61 % Oct. 0; Ot%JuD«
uuo
115 lis
111 114% 114 110
0,387 111 Oct.
128% May
•30
81
29
30
81
81
94.5 29
Oct.
May
10% 19% 19
10^ 19% 10% 7,306 10 Oct. 9 30% Jan.
4 27%
54
64
63
•63
63
66
3,600 63 Oct. 9 06% May
35% 86% 84% 86% 86
86
2,010 34% Oct.
40% July li
124 180
14% 14%
40
Loweat.
la
8
92%
41% 41%
«8% 88%
59% 62
il4% 14%
•08
Do
08
Istpref
Do
30%
2d pref. •36% 38
New York Lake Erie <k West'n 233a 23% 22''8
Do
57
60
pret.
57
_ York
New
A New England.
41 >3 42Se 40% 4238 4159
New York New Hav. A Hart 260
260
260
New York Ontario <s West
1758
IT^a 18
1738 1778
New York Susquehan. A West.
658
6%
0% 0% 658
Do
27
27
pref.
17
27
27
„
Norfolk AWestem
I7I1! 17i« 16
17% 17
Do
pref
5914 5958
58
58% 58%
northern Pacific
28% 20ie 27% 28T8 28%
Do
pref
7414
74%
73% 75
51s
Do
Oct. 10.
Weok,
BbarM.
SS^a
DOag
88
85
96
5»4
IkjuIs
Bio Grande Western
Oct. 0.
14% 14% 15
15%
56''9 58
58
67
67% 57% 69
105^8 106% 105% 10658 10638 107
107
"89
92% •88
88 92
88
92
«2i8 83=9
79
82% 80% 81% 7938 81% 70% 8058 80% 81%
41 43
41% 44
41
42
42
42
40
41
41% 44
105 105
104% 104% 104 104% 102% 104% 101% 102% 102% 103%
24
25
2358 245;
24% 25
23% 24% 23''8 24
241a 24%
90
90
05
95
90% 90% 91% 91%
92% 93
•89
•89
89 91
92
90
90
90
90
92
89
89
110 112
110 111
110% 110% 110 110% 110 111% 112 112
oref
Milwaukee* Northern
Friday,
IM*.
HaoKo of ihu««
70% 70%
52% 63%
.'.'.'.'.'.
13
91% 93%
41% 42
88
33%
•5>«
132
'
22 26 22
22
1438 15
1408 15
15
57
58
57%
SOM 57
10738 100% 106^8 100%
107
89 92% 88
•90
93
Western
Milwaukee LakeSh.
«
77% 771.
62% 53:"m
114%115
30% 30%
19% 195»
54
51%
35% 36
22
pref,
<t
29
43
29
40
•75
73
73
78
20
2016 20%
20
'120 125
115 125
80i» '70
•78
70
103% 103!% 102% 102%
*7
8
8
8
2d pref
Bvansvllle A Terre Haute
Do
14i«
6513
.
Iiake Erie
14%
90
1st pref.
Great Xorthern, pref
10
40
30
98
07%
OolunibusnocklnKVal. ATol.
ZOH
Delaware & Hudson
155
Delaware Lackawanna <sc West 143>e
•18
Denver &. Rio Qraude
Do
60
pref
839
East Tennessee Va. <fe Ga. .
Illinois Central
4;42
88
881s
60 >s 6218
eo»4
St. L...
prof.
Do
Do
9158
8OI4
8.
Thursday,
63°8
61% 0238
68% 60
69% 60%
108»« lop's 108% 1091s 109 1103(, lOS-, 109% 108 100% 109 110
106«8 IO714 105% 107
100=% 10738 100 107
106% 1005, 106% 107
140 140
139% 141
110 140
140 140
140 140
140
7814
77% 79's 76''9 7814 77
75% 77% 74''8 70% 76
77
Milwaukee & St. faul.
i>o
83'e
I314
9838
Out
7.
•869
Bifl
54
85
132
Wednectoy,
33%
30V»
78
03
S314
113^8 115
•30
31
ipig 191s
19>«
44
SSHj PI
lUliiols.
1)0
Ohicatro
5>a
•70
SO
'42
&
Kostern
Oct
93>4
80
Obesapi-ake iO.— Vot.Tr.oert.
d^
34T9
Tuesday,
1U>9 115
OtMitnil iir Ni'w Jersey
Opntriil rai'ltlc
A
se^s
5%
70%
CiiimiUiiii I'acltio
Caiiiitlu Sniithoni
Do
Do
Oct. 6.
Mlocka.
Atlunlli'.V rnt'lllr
Ohlcnfto
Mondar,
Oct. 4.
KK.
Active
Saturday,
aalet
of tbs
40I4
80%
;
\
.
.
.
THE CHRONICLE.
486
NEJV YORK STOCK
(Coutiuiial)— /.VAgr/Fg
EXCHINUE PBtCES
Oct. 10.
in
liatige {sales)
i
IrtiiO.
Bid.
H Indicates unlistod.
Rnilroait stocks.
Alabama & A'lckburfcTI
Albany & Susquelianna
Atlanta
&
Cliarlottc
Ask.
100
07
120
BeUeviUe & Soutli. 111. pref
Boston & N. Y. Air Line pref .... 100
100 33
Brooklyn Elevated^
100
Buffalo EocUester & Pitts
100 75%
Preferred
100
Burl. Cedar Rapids &Nor
100
U'fl
California PactflcIT
3
100
Cedar Falls & Minnesota
50
Cleveland & Pittsburg
100 341b
Columbia & Greenville pf
5
100
Des Moines & Fort Dodge
100 15
Preferred
6ifl
100
DulutliS. Shore & Atlan. If
100
Preferred^
100 24
Flint &Pere Marquette
100
Preferred
100
8
Georeia Paclflcir
Green Bay Win. & St. Paul.... 100
2
100
Houston & Texas Central
100 9(»
Illinois Central leased lines
100 15
Kanawha & MichiKan.H
100
3
Keokuk & Des Moines
100
Preferred
50 t ll"*
Kingston & Pembroke
100 29
Ivouisville Evans. & St. L
100 60
Preferred
100 J 3OJ4
l,oui6ville St. L. & Texas
50
Mahoning Coal
50
Preferred
4
Manhattan Beach Co
100 14
Uarq. Houghton & Onton
100 90
Preferred:
!
76
.
& Essex
Uewport Sews & Mlse.Yal.l
H
23
25
93
11
H
3
.
2% Sept.
95
10
6
17
5
Oct.
Sept,
June
'T^ Sept.
i
.100
i
110
SECURITIES.
Bid.
1906 IO312
1906' 106
Class B, 58
1906
Class C, 4s
1920 105\
Currency funding 48
Arkansas— 0s,fund.Hol.l899-1900 10
do. Non-Holford 145
7
7s, Arkansas Central RE
1890
Georgia^7s, gold
1914 105
Louisiana 7s, cons
Stamped 4s
88
Missouri — Asylum or UniYe..l892 103
to
5
—
34
179
13
3%
18
17
38
OapUcU. Svrvlu9.
lOOi omitted.)
Bank of New
$
York...
Manhattan Co
Merchants'
Mechanics'
Pheuix.
City
MeicliantB' Exchange
Oallatin National
Butchers' & IJrovers'.
& Traders
Mechanics'
Greenwich
Lealnei Mannfact'rs.
Seventh National
State of New York....
American Exchange..
Commerce
Broa<lway
Mercantile
1,000,0
300,0
200,0
200,0
600,0
300,0
1,200,0
6,000,0
6,000,0
1,000,0
1,000,C
Citizens'
Nassau
Market* Folton
St Nicholas
Leather
Com Exchange
& Traders'
Park
North River
East Biver
1,898,8
3,227,4
1,589,7
865,2
364,S
921,7
674,0
288,1
644.1
273,2
397,5
208,6
697,1
121,1
260,1
300,0
l,500,r.
'/,000,U
240,0
250,0
Fouitli National
Central National
Second National
Ninth National
Third National
N. Y. Natl Exchange
Bowery
3,200,0
2,000,0
300,0
750,0
600,0
1,000,0
300,0
•260,0
New
York County.
German-Anierican
Chase National...
.
.
Fifth Avenue
Geiman Exchange.
. .
Gemiauia
tinltcrt States
Lincoln
.
BankoftheMetrop...
Sixth National.
Western NaUonsI..
First N»tional,B'klyn
Total
237.8
117,0
682,6
74,8
448,2
1,460,5
1,000,0
1,000.0
ContlBeutal
Filth National
633,2
2,331,3
66,0
6,289,4
125,6
1,602,8
287,5
600,0
600,0
600.0
750,0
600,0
600,0
Peoples'
North America.
Hanover
Importers'
>
1,659.3
1,419,4
844, P
1,809,9
2,013,6
1,500,0
450,0
200,0
700,0
1,000,0
Chatham
&
760,0
300.0
600,0
422,7
Pacific
Bepublic
Shoe
2,000,0
2.050.0
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0
200,0
750,0
600,0
100,0
200,0
200,0
600,0
800,0
200,0
160,0
800,0
200,0
600.0
200,0
8,500,0
800,0
1,152,0
807,0
386,1
4,680,5
2,418.8
122,3
13:<,9
1,542,0
610,0
301,3
292,9
S.314,9
246,8
149.1
489.7
447.9
256,4
856.9
778,9
446,3
418,8
493,8
276,8
324,3
294,4
638.7
253,8
164,7
388,1
179,6
732,8
Specif.
9
11,740,0
9,532.0
7.033,8
7,807,0
13,069,7
4.787,0
10,:<65.9
')ej>otH$
9
9
2,750,0
1,994,0
2,146,1
1.781,0
2.084.1
1,003.0
5,787,1
ij,'388,9
319.8
7,841,8
652,9
b.iiS.l
1,028,8
l.tiHO.-i
699,3
135,0
126,8
562,4
385,0
590,3
2,130,0
2,957,0
1,889,3
22,660,8
2,7'24.0
1,1E9.8
3,391.0
1,342,1
3.411.2
18.724.0
ia.618,2
5.4'36,8
1,000,1
7,069,2
2.709.1
10,583,3
6,631,0
2,025,0
404,
3,495,2
946,9
384,3
612,3
3,745.7
548,0
515,8
2,Sti6.2
4.453.4
13,435.8
2,951.0
2.880,9
2,916.3
4,316,2
1,800,6
2,715,0
8.313.4
4.021.6
2.085,0
21,881,0
18,896,0
2,038.5
1.191,2
17,208,6i
6,885,0
4,053,0
5,135,0
21,568,3
4,172,7
1,459.4
2.501,0
2,7.i6,2
2.P79.9
10,965,9
4,476,8
2,799.3
2,720,
><
4,044,1
3,170.7
3,322,0
1,866,6
4,12;«,7
2,124.0
3,210.0
1.460,0
11,08'2.0
.
3i)7,2
888.9
184.4
642,n
837,1
1,262.9
115..1
4.886.0
fi,834.0
142,7
216,6
4,841,5
1,-.15.0
1,174.0
1,148,7
6,380,2
491,8
213,3
593,0
610.0
587,2
2,519,8
1,048,3
'199.9
208,0
926,2
1 023,1
'61'2.1
434,4
932,7
26i.O
636,0
210,0
2.375,6
3,904,0 ,1.K"A0
330,0
413.0
198.9
214.0
543,2
158,0
403,0
158.2
1,087,3
241,4
197,3
35,6
447.0
98,0
248,1
U.330.0
;
;
:
1
I
Bid.
Oot.
8'.J.3
229.8
300,8
109,0
307,0
283,0
228,2
284,6
1,107,0
408,0
108,1
88,5
708,0
467,0
117,0
328,5
310,1
700,0,
94,8
8..S78.4
3.182,7
H.&5'J.3
5,828.1
3,0H0,5
4,5t2.2
14.877.6
2.911.0
2.874,2
3.489,8
4,529.8
1,8,3,3
3,3o6,0
5,581,9
4,863,2
Brown consolidated,
I
'
42
il
New
.N
4.'0.)3!4
1,388.7
2 892
3.007,0
165.0
114.1
58.9
2.8(10,2
759,7 13,638,3
215,7
4,840,9
600,1
3,281,7
329,0
3,177.0
34,0
LJO'^.e
313,9
3,88 S.3
286.0
3,747,4
216,9
2,095.8
319.0
4.749.7
230,0
2,040,0
349.0
4,014,0
101,0
1,230,0
234,2 ,10,006,2
173,0
4,179,0
60,812,7 69.987,1 401,838,8 93.798.3 20,968,9 413,016,0
1913
1913
1913
settlement, 68
5s
38
.
1
4
99
67
77
104
6s, consolidated bonds
68, consolidated, 2d series, roots.
66, deterred, trust receipts
i
jj
J
I
Loam.
,
Specie.
|
LmnU.
91a
,
,
iDeooiits.i :'i<-fi'''n|0(«a"nji.
25,4B2.0!3S3.39D,3 3.633.3!53l).121,3
2<.0'i8.5 3.S3. 250.3 ,1,702.7i7-29.990.9
22,H83.7 389.982,8, 3.58-i,3:828.699.6
22.:it(7.8 408.838.8',i.4Sl.9 729.218.5
2O,-»ee,9,413,016,0j3,307,-) 764,583,1
.
,
Phlla.35,793,7
35,793,7
35,793,7
27....
4
73
71
i
!
64,635,4 153.551.8 10,329,7] 4,613.5! 129.739.43.206,7 87.123.0
64,685,4 153.770,4 10,036,11 4,893,8129,328 6 3.221.5 .89.445.4
64,883,4 133,693,1 10,3^4,21 4,39,i,3 132,639,6:3,353,4 108,419,3
*....
Sent. 20....
••
100%
Virginia— 6s, old
!
101
125
..,
93,402,0 2.143,0
91,308.0 2,129,0
91,983,0 2.131,01
22,822,0
23,588,0
21,442,0
97,983,0
98,099,0
98,026,0
* We omit two ciphert tn all these Hguree,
Aalphia, the Item
due to other banKs."
t Inclttllag, for
72.132.8
70,383,6
79,288,0
Boiton and PhUft-
Cltr Railroad Securities— Brokers' Qaot'ations.
Atlantic Av., B'klyn.St'k.H25
Gen, M., 5s, 19U9...A&0 105
il'OkerSt. A Ful.F. -Stk.l 24
Istmort.. 7s., l!)0(>-.J&Jill2
Ir'dway fe 7tUAv. -St'k.. Ia5
Ist men.. 6s. 1904 . J&D 104
2dmort,, 5s, 1914...J&JJ103
H'way 1st, 5s, gu ....'.!4:101
2nil 58. int. as rent., '05.1 95
1163
Jrooklyn City— Stock
l9t mort., 5.S, 1902..JifeJ 100
B'klTucroast'u 6s.. 1»08 108
Bkn.(j'yJiN'u58,l938 JAJIO^I
tentral Crosstown— St'k.. 155
Istmon., 8s,1922.M&N 118
Jent.Pk.N.&E.Klv.— .Stk.l 122
Consols. 7s, 1902 ...J&D, 117
Jry Dk.E.B.& Bat'y— Stk. 140
130
107
27
115
200
106
105
108
98
165
105
110
103
,
120"
109
250
I"
I
45"
116
60
107
Third Ave.— Stock.
Istmort., 7s. lS90..J.feJ 105
290
5£., 5s, 1937. ... J*J 109
Twenty-third St.— Stock.. 230
iRt mnrt.. 7h. 1«93. ..
105
1st
!
mort,, 78, 1893..J&D|102
1
T9|)
!
Ul
Dock E. By & B.Scrip8B
FAA 100
Biuhth .\v.— Stock
2C0
Elghth.'VV— Scrip,6s,1914 105
42d & Gr'nd St. P'ry-Stk. 210
l8t mort., 78. 1893. AiO 108
42dSt. Manh.A St.N.Ave.i 43
1st mort., 83, 1910.. it&S 114
2a M„mcom6,69....Jifcl! 65
Hoast.W.8t.&P.F'y— S.,R. 200
Istmort., 78, 1894..J&J 100
Dri'
Ninth Ave
103
Second Ave.— Stock
,115
1st mort, 5a, 1910. M&N, 103
Sixth Ave.— StocK
200
107
110
125
107
215
108
i'lo"
.
1.0l>0,0
22.405,0
23,»99,1
2,194,0
1.055.3
18.085.5
7,184,0
4,910,0
5.478,5
1893
6s
1892-1898
Tennessee— 6s, old
Compromise, 3-4-5-68
1912;
.
|
I
27...,
3,144.0
1,108 7
3,008,3
11.721,8
4.294.2
806.9
160,6
••
25.669.6
3.801,9
4.401.4
2,775,4
.
Ask.
Bid.
— 6s, non-fund.1888
South Carolina
.
». York.'
Sept. 6 ... 120,799,8 391,978.1 70,216,7
•'^
13 ... 120,799,8 393,1 Oil.O 67.812.3
"-•
"
20 .. 120.799,8 39i;63i;6i76,417.'J
"
27 .. 120,79i<,8 391,02,',ll93,:i»7,3
Oct.
4 ... 120,799,8 401,838,8 93,798,3
Oct.
12.6111,0
10.1,6
407,'i
I
Basics.
10.
SECUEiriES.
Ask.
Capita/ Al
Surnlus.
Bocton.*
375.0
Jan.
4212 July
10 Jan.
I
Sept. 20....
1,573,0
187,6
624.6
394.6
149,4
445,1
May
Oct. 'l56
,
7,495,8
C,489,0
'..467.2
531s
147
. ,
9,32.1.0
25.4
152.7
Jan.
!
lI,S4'i,4
4.4'20.0
13.841). 1
1,8;!5.2
l,9i>l,6
May
May
Aug.
4 May
20 12 May
191s Aug.
i
iMi8sonrl-Co».— Fund.. 1894-1 895 110
1893 109
iNew York— 68, loan
1893 109
6s. loan
J&J 30
108>9 INorth Carolina— 6s, old
Funding act
1900
20
New bonds, J. & J.... 1892 1898
175
Chatham EE
10
Special tax, Class 1
4
Consolidated 4s
1910 97
1919 123
68
90
Rhode Island— 6s, cou.. 1893-1894
Loatu
Mar.
461s
1
j
106
112
104
City Bauk Stateinant for the week ending Oct.
as follows. We omit two ciphers (00) in all cases.
30
Sept.
41
Jan. 185
Aug. 16
30»4 Oct.
lis Jan.
14% Jan.
5
15
15
52
May
May
25i2Jan.
!
13i4May
New York
4, 1890, is
July
Sept.
42i2July
151s June
Oct.
17
32 May
100 : 401*. 4Lia 38 Oct.
75 Mar.
PreferredU
100 113 116 110 Sept. 120 May
American Express
100 ; 82
83
82 Oct.
87 Jan.
Am. Telegraph & Cable
98 Sept. 100 Sept.
American Tobacco Co., pref ..100 98ie 100
25I3 Oct.
100 { 26
36 Jan.
Bnmswick Company
1 00 : 23^8
24
15 Jan.
33 July
Columbus & Hocking Coal
100 102 102 lOOHs Sept. 105 Is June
Commercial Cable
100 26
2212 Jan.
28
Consol. Coal of Maryland
271s Aug.
68i3May
100 22'" 55
Laclede Gas pref
521s Aug.
25
23 June 25 Jan.
Lehigh & Wilkes. CoalTI
100 14
16 Feb.
16
13 Jan.
Maryland Coal
100 "9" 85
91 Jan.
Minnesota Iron
80 May
Ills June
100
11
712 Apr.
Kew Central Coal
100 : 4514
47 Oct.
36 Jan.
Ontario Silver Mining
90 Mar. 100 Apr.
100
Oregon Impra vement pref
50
Peuusylvaiiia Coal
290 Juue 301 Sept
5812 Sept.
66 Jan.
Phila. Natural Gas
50
35 June
Postal Telegraph — CableU
37 I- 40
31 May
912 June
7
6 Feb.
Quicksilver Mining
100
8
Preferred
100 40
41
431s June
351s Feb.
23% May
100
15
19
Apr.
Texas Pacific Land Trust
181s
100 68%,
63 Sept. 90 Jan.
U. S. Express
Wells, Fargo Express
..100 140
143 135 Jan. Il50 June
SECURITIES.
(Ask.
June
Apr. ;115
Jane
30
;
NEW YORK STOCK EXCHANGE PRICES—SZUrS BONDS OCTOBER
Alabama— Class A, 4
890.
15
8
34
100
1
BigheU.
'iSlHMar. 157
13
:
27
in
(sales)
Lowest.
miscellaneous Stocks.
100 :l49i3
Adams Express
43
50 41
American Bank NoteU
14
American Cat tie TrustH
100 ! IS
American Cotton Oil Co.lT
7 Mav
99 >s Mar.
16 Oct.
6 June
24 "2 Jan.
29 Aug. 31 Aug.
65 Aug.
July
58
3314 Aug.
30 May
67i3July
75 May
115 July 115 July
7 Apr.
4% May
I5I4 Apr.
10 Jan.
9OI2 Mar.
82 May
58 Aug. 64 Apr.
8I4 May
4'% July
149 Mar. I56I3 June
18 Feb.
17% Feb.
Ask.
gifl,
100
100
Virginia Midland
F
May
III2 Oct.
50
.
Ills
South CaroUua
Toledo Peoria & WesternH
Toledo St. Louis & K. Citytl
Oct.
Range
Oct. 10.
Bid.
Indicates unlisted.
H
5 Fi'l'.
154 Mar. 157 Jan.
35 Way
25 Apr.
9 Is May
Feb.
5
27 May
18 Feb.
15 Feb.
453 Mar.
2414 July
20 Apr.
22 Aug. 38 14 May
95»8 Mar. 103 "s May
11 June 14i4Mar.
lO's May
S^s Jan.
7
25
100
Morris
35
Mar.
2
25
" . .
Mexican National
July
Apr.
Apr.
Jan.
25
10
7
.
Memphis & Charleston
June
lOlii'Jan! 107
3714 June 39
41
15 Jan.
80
76 Oct.
37
II
May
91% May
May
Jan.
Iiilicites actual salei.)
(j
N. Y. Lack. & We-stern
100]
100
Peoria t.t Eastern
Pitts. Ft. Wayne & Chicago... .100,
50
Pittsburg & Western
50
Preferred
100
Rensselaer & Saratoga
100
St. Joseph & Grand Island
100
St. Louis Alton & T.
Apr.
35
175
Apr.
35
171
8S
35
100
100
AirLK....100
Highest.
Lowest.
ST00K3.
Inactive Stocks.
Inactive Stocks.
LI,
[ .'oih
Bauk Stock
BANKS.
List
—Latest prices of baak stocks this
iBld. ,Ask.
21918 321
imerioa
160
Am. Exch...
70
Asbary Park
307 3071-2
Bowery
Broadway . 290 300
189
Batchs'&D.*. 175
135
142
Central
300
Obase
330
Chatham
461)0 4900
Ohemical
509 512
City
170
IHO
Citizens'
230
'Jolaoihla
Commerce... 203 208
140
141
'lontinental
Corn Exch... 245
.
—
—
—
Deposit
East Alver..
nth Ward...
ruth Ave....
PUth
Krst
107
165
200
1600
200
2000
first N., S. I.
14th Street.. l'70"
Faorth
173
I
week,
iallatin
310
BANKS.
New Y^ork...|
Garttold
i330
Ask
N.Y. Coanty.,000
BANKS.
1
Bid.
1
Ask.
:
I
Bid.
German Am. 120
German Ex. 300
N. Y.Nat. Ei.i 137
Gerjnanla
275
Greenwich... 150
Hanover
350
Hud. Klver.. 150
im. dc Trad's' 560
187
Irving
Leather Mis' 252
230
Lincoln
Madison Sq.. 97
Manhattan...
Markets Fol 230
Mechanics' 213
M'cUs'&Trs'. 270
Mercantile... 213
Merchants'..
Merch'ts Ex.
Metropolitan
7
Metropolis... 350
Mt. Morris .. 400
Murray Hill. 250
Nassau
165
230
N. America..
Ninth
:i60
North River.
Oriental
Pacific
585
Park
People's
Pheuii
101
193
.
... ..
Pixjduce
Ex.
Republic
Seaboard
Second.
217
[140
Seventh
Shoo&Leath.
St. Nicholas.
162 Si State of N.Y'.
Third
127
Tradesmen's.
8
(7 ttlt'd Stales
Western
West Side...
170
130
1141*
112
115
iof"
F
OcrroBBB
TH£
11, lti90.J
,
CHBONICLfe.
4»7
BOSTON. FUILADELPUIA A>D BALTIMORE STOCK EXCHANUEi*.
tV
Active Stock*.
AU^li. T.
AtlniitlP
4 H.
A
I'e ( notion)
.
••
Pbc.
30
00
100
1
ChW. A W.
>V .xt.
62>4
P. (Phil. ).100
200
177 * 176
205 >9 209
18%
'102
116
198
51^9
18>a
*35la
91%
61%
100
Kortheni Central (Ball.). 50
Nonlieru PaclUcrWii/n.^lOO
"
Prifcrred
100
Old Colony.... fZ(o»«oiU.300
Pennsylvania.. (PtiUa.j. 50
riiil ulel. A Eric.
"
50
"
I'hil I. Ji Readintf
50
Biiiiiiiiit liraueh ri'ovtoii^. 50
'•
Union Pneitlc
100
United Cos.of N.J. rPAi7a.>100
MCsternN. Y.APaCPAiVn.; 100
'
87
87
25
92
91
61;
02%
60% 01\
1.1
26^ 26 >4
168
87
92l«
•23
24
47
47
SlTg
27
61% a\%
42%
24%
24
42
4m 117
116
*5
23 14
2:11.1
•iiii
•47'4
47.%
47»fl
5178
51»8
220 221
54 >4 55
230
9
221
....
ITIKoellaii4>oiiN Kt.ickn.
Bell Telejiliuno (Boaloii J 100
"
Vont. .t Montana
25
"
Butte&Bostou..
25
5014
230
9
51%
'm^
47>s
517e
25
24>«
41% 41%
Vlhi
117
18% •18
•18
34% 35%
80% 01
68% 50%
168
87
22
Inactive Stocl<$.
Ask.
Bid.
117
68%
•66
2778
7319
23»8
74%
Catawissa
97
100 253
19%
230
9
23% 24^
39% 40%
117
•66
"68%
26%
•
50
50
"
{Bait.)
.
50
1
37
6761
58
53
117% 118
118%
118
224
170
81
2.1-%
47%
237,i
3138
24%
40^1 41%
11778 11778
68%
27% 28%
74%
•liO
7334
52%
33%
17%18 6„
222
31%
8%
223
52
51
17
l(i%
300
•53% 54
54
50
49
30
50
48
50
48
30
•29
77%
51%
33%
70%
31
51
3178
52
33
5178
"'33%
77%:
51%
26% 26%
24% 24781
26%
24%
Ask.
j
20
i:mi
14 IIH
23%
6%
231% Anc.14
15 177 July 11
30i23B Apr. f
9 23% Jalr 31
45
9
Mar 31
111% May
79% May
46% May
33 May
12
Mar
20% May
22
102 126
207 82%
200 22
20 91
20 15%
620 42% Mar. 24 40% Mar 16
1.172 51% Sent 13 B4% Mar 10
130 Fell. 10 156 June la
Jan. 20 31% JiUlA 5
19,0571 17
8,658 39% Oet.
62% Mar 16
142 113 Jan. 3 121% Jnlr 17
65% Apr. 28 71 Jan. 6
10,697 26% Oet.
39% June 10
17,781 71% Mar. 10 86 Mar 19
51 1G2% Aug. 28 179 Apr. 20
50% Mar 1
36% Mar 21
Mar 10
600
5
Sept
Mar 7
3,546 SOU Oct
6j 68% Jan. 28
54 x22.-i%Mar. 21233% An«.31
7''4 Mar.
1,063^
25, 12% Mar 27
7,783
515
72,636
52 Oct.
2679 Jan.
8
17% Oct
24>.«
8
8
2
215 190% Jan. 2240 June 12
44 Jan. 30 68 June 9
813 11% Feb. •H 26% June 3
80 240 Jan. 28 323 June 18
30 33 June 11 54% Sept 10
940 44 Mar. 19 57% Feb. II
9771 37
Feb. 11 54% Am?. 4
523 25% Mar. 6 37% Jan. 6
1,042 50% Sept. 15 54 May 23
10 49 Apr. 11 55 Jan. 28
3,300, 32% Oct.
9 47% Bept 3
20.-<36 50
Jan. 10 04% May 31
3.01J3 47% Bept 8 69% June 6
901 23 % Sept 17 27 May 28
5,180 23% Jan. 22 32% May 26
Bid.
1919, Var
CoUatTr. 4%g
1913, J&D
(Fa. & N. Y. Canal, 78. .. 1906, J&D
Consul. 3s
1939, A&O
Perkionien, Ist 8er.,5«. 1918, Q-J
iPnila.& Erie gen. M. 3g.,1920, A&O
Gen. ,nort, 4g
1920, A40
Phila & Bead, new 4 g., 1958, JifeJ
1st pref. income, 5 g, 1938, Feb 1
2d prcf. income, 3 g, 193S, Feb. 1
3d prcf. Income, 5 g, 195s. Feb. 1
1893, A&O
2d, 7s
1911, J&D
Consol. mort 7s
1911. .)&D
Consol. mort. 6g
Improvement M. g., 1807, A&O
Con. M.,5 g..stamped,1922,M&N"
Phil. WUm. & Bait., Is. 1917, A&O
lEenna. CoDsol.
Ask.
111%
58, r
107%
1;
I
'
120
114
101
112
100
93%
i.;.;;i
U
1
102
101
101
92
»
36
10
3
Mar. 13
31
Jan.
6!
9
Apr. 22,
30
Jan. 2ll73 July lA
Jan. 21 03% May 31
Oct.
8 30
Mar 3
Feb. 10 104 Mar 3
Apr. 1: 34% Get
1
Bonds.
78
M
Jnlr f
Mar. 3«
3,50t;
17%
3.>3% 298
100
loO
30
IJiirl.<fc Quinov 43. .1922, F&A
Iowa Division 4s
IHIS), A&O
230
8%
222
Bid.
(Bo»to)i)
52%
52
230
Chic.
173
16!)
nisb«Mt.
Fill.
561
l.'iO
8
AtTop.SS.F.10(>-yr.4g.,i989. J&J
lOO-yeai- income 5 g., 1989. Sept.
Burl. & Mo. River Exempt O.s, J^J
Non-e.\empt 6s
1918. J*J
Plain 4s
1910, JAJ
Chic. Bml. & Nor. Ist .•>,1020, A&O 5
2d niort. 68
101 <, J&D 5100
Debenture 68
IgOH. J&D 5
54
26
87
51%
73%
Bo"ds.— Bostojv
"66%
1
"
100
Chesliiie preferred.. (Boston) .100,
Couuecticnt & Pass.
100
Connectioit River...
"
100
Dclawarc&Bouud Br.(PAtZa.) .100:
"
Har. Porta. Mt. Joy <tL.
50j
Kan. C'yFt.S.&Meui. (Boston) .100
I
27
0J%
47
51%
5;*,
Westlnghouse Elec.U
50i
50!
87
•22
•90
'23
277.
7278
52'«
51% 51%
230
2301s 230 230
878
a
878
8
Inactive stocks.
98
256
1001
'*
l8t preferred
2d i)refcrrcd
Central Ohio
Char). Col. & Aii^sta
20 Mar.
112 Jan.
700i I'»7%Oet.
168 Jan.
383 HO June
171 14% Jan.
B.'i?
20 Jan.
15,166 80% Oct.
17,500 58% Oet.
1
•22
160
1838
I8I9
•5
SOI4
Water Power
& Charlotte {Bait.)
& Providence (Boston)
Camden & Atantic pf. (P/iila.)
60%
169
108% 168% 169
52
52 >4
32% 52
34
33
33
169
52
Thom.Europ.E.Wcld1t
Atlanta
02
607(,
23%
46% 47
51% 52
221
Prices of October 10.
Boston
01
87
22
223 223
221% 223
222
5414 54% J52% 55
52% 52% 50%
17
18
17
17
18
18
17
17
16%
Calumet & Hecla
"
25 300 300
300 302
300 305
300 302
300
Canton Co
(Balt.J.lOO "54
5414 •54
54 12 54
54
•53%
54
"
Consolidated Gas
100 '5078 51
30 13 5078 5038 50h
soii 50%
49%
Erie releplione (BottonJ.lOO
48 19 49
48
48
49
49
49
49
48
"
Lmnson Store Ser.
30 14 29'a 30I2 30
50 30
30
30
30
30
Lehia CoalA-Xav. (Phil.) 50 *52J8 5238 5178 52
5178 51-,
5178 5178
31
N.Kiis,-. Telephone fJSo«('n>100 *51l2
*52
•31%
52
52
52
52
North Anieilean. (Phil.). 100 33
35
3378 34%
34»8 331s
32% 34
32%
8u(,MV RetlnericsH (BosfnJlOO
7733 77 »8
75% 7738 7612 7^!
76% 77% 76%
"
Tlionison-irnEl.lI
25
50% 50% 51
51
51% 513:- 80% 51
50
"
Preferred
26I4
26 14 26
20
26
II
26 14 2t>l4
20% 20% 26 M
West End Land... "
25
25
24
25
24 >s 2434 24% 24% 24%
.
•35
23% 26% •25%
17%
5"«
5208
•8%
.
200
'
231;
4178
117
51%
52
130
24%
....
....
170
87
22
169
87
22
68% *66
68%
28»8 29^ ,28
20
23»8 2(1
74i« 75>«
73»8 74^8
74 "2 75 '.1
163>3 169
169 169
169 160
5214 523e
52 "e 5238 52 »8 52 ij
•33 >« 35
34
34
34
3-t
18 4, « 181»16 1S7„ 191,6 19i,» 193,,
52
87
'
26
87
23
•22
150
24'8
•230>4
181s
36
86
o:ii»
25»s
168
lynWMt.
20(1
•7
113
118
•66
•'
Prefi-rriMl...
*18
361s
203
190
177
306
19
198
177
203
'
mUm ta iwa
30% Jan. IB 80S Mar 31
4% Mnr. 11 0% May 1»
t»7% Jan. 32 107% May
83,637
•102% 103%
198% 197% 198
176
205
17.1
031s
150
21>«
41°8
5%
33% 34%
B% 5%
l.V
204
36 <4
24
48
(PhUu). 50
"
^0
"
Valley
50
Maine (Vutnil (BottonJ.lOO
"
Mexieaii Central
100
"
100
N. V >VN. liDK.
17.^
205
18i« lU
18>9
26
118
108
205
36
25I9
84%
3S
lliiD(« Of
Wpek,
Bliurxn.
1
01^8
60^8
62
Hnle>
of the
Friday,
Oct. 10.
Oct. 0.
104
IKH.i
lUSiv
37>9
100
••
50
26% 27
au.Saii.&Clcvc.
'•
100
Clevt'. & Citntou
"
24
Pn-forrcd....
100 24
Eii.-<tfni
(Bottonj. 100 168
•'
KitrlilmrKiiref.
100 87
87
••
100
I'l. A I'rie Marq.
'•
rn'rorriil
100
93
L<?liii:li
202
176
206
Price*.
ThuriMliiy,
H.
6%
104
125
04
63<>8
Oct.
5<<8
....
116
108
Wcdnciulay,
88% 30
106
104
'.'.'.'.'.
MIcli. CAoc/oii;.
Hiiut. .t lir. Top.
Pn-ferricl
TucHdiiy,
Oct. 7.
36%
'•
Isl iirrfi'i-ii'd
2il iirofpiTcil
Chic. Mil.
a<>8
•5>a
Ohio (Balt.JAOO
.V
34^8
3U'e
103
100
•'
lOO iie"
BoMiiiuV Aliiiiiiy f£o«ton;.10O 200
••
UK)
Boston A Lowell
"
100 205
Bustoii ,V Miiliio
"
IS^
100
Central of Ma»8.
"
Pn'fern'il
100 30
••
Chlo.Hiir.AQiiin.
100 92%
Ballliiiori'
Oct. 0.
Oct. 4.
— not Per Centum
"liwro Prirc*
Monday,
Saturday,
f ImllintoH uullittuiU
SI**
65
44% 49%
34%!....„
•107% 107%
129
119
101
J&D 92 92%
.....
Consul, of Vermont, 58.191.'!, J&J
1101
88%
K.C'yFt 8. AGnlfpf.
100
Current River, Ut. 3s. .1927. A&O
100'
K. Citv Mem.
Birm.
Det. Lans. & Nor'n
7s. 1 907, J JiJ
:::::yi6" Pitts. C. & St. L., 7s. ...1000, F&A 119
Little Schuylkill
(Phila.)
5o;t
69^ Ea.:teni Ist niort.
79
1906, MAS 124%l23
Po'keepsle Bridge,
g. 1936. F&A
79%
Manchester & Law.. (Boston) .lOOi
Frcc.Elk. & M. v., n Us.1933, A&O 121
Sehuyl.R.E.Side.lst3 g.l'.)33. J&D
108%
Warvlaud Central
(Bait. 50i
Unsrampedlst, Ds... 1933, A&O 120
Stenbeu.&Iud.,l»tm.,3».l!'l4,J&J
MliiL- Hill i- S. Uavcu (Pliila.)
50
70% K.C. C.& Spring., si ,.jg.,1923,A&0 95
yn
1894, A&O
UuitedN. J.,6g
Ke.sijm-Uoninff Val
50 S5% 56
K. C. F. 8. & M. con. (is, 1928, .M&N 112
113
Warreu & Frank., l9t,7«,18yi!,F&A 108
KoriUeru N. II
(Boston) .100
139% K.C. Mem. & Bir.,1 st,38,1927, M&8 97% 0778
Bonds.— Balt'moret ,.,
Korth Pennsylvania. (Pliila.) 50 65% 80
K.C. St Jo. & C. U.. 78. 1907, J&J
Atlanta &Charl., Ist 78, 190/, J&J 122 il22%
Parkersburf?
(Ball.
50
L. Rock&Ft. 8.,l8l,78..1905, J&J S
1!K)0, A&O 103
106
99
Income 6s
reuu.>4ylvania & N.W. (Pliila. 50
Loiils.,Ev.&St.L.,l.st,6g.l92(),A&0 4l08%
101
B.iltimore & Ohio 4 g., 1035, A&O 100
Balei^.'h & Uanton
(Ball. (too
2m.,2— 6g
1930, v&O
Pitts. & Conn., 3 g...l923, F&A 106 ,107
Kutlaud
(Boston) .100
Mar. H. & Ont, Os
8
Staten Islaud, 2d, 3 g. 92<i, J&J
1925, A&O
"09%
"
Preferred
100
99
68
69
Exteu. 6s
1923,J&D 5100
Bal.&Ohio S.W..l8t,4%g. 1U90, J&J
Seaboard .V Hoauoko. (Bait.) 100
Mexican Centr.il, 4 B...1911, J&J 72%i 72% CapeF.&Yud.,8er.A.,6g.l91«. JAD 105 106
"
1st preferred
1916.,J&D 102% 103
100
Istconsol. Incomes, 3g,non-cnin.
38
38% Series B.,6g
.
West End
(Boston)
30
1916. J&D 103 4 104
91
2dcon.sol. incomes, 3s, non-eum. '5
23% Series C, 6 g
Preferred
50
1930, M&S
N. Y. & N.Eug., 1st, 78, 1905, J&J 5125
85%; 86
Cent. Ohio, 4%g
West Jersey
(Phila.)
50
Col.&Aug. Ist 7e 1893, J&J i"09 "iio9%
58
Istmort. 68
1905, J&J 5113% 116% Charl.
West Jersey & Atlau.
50
40
2dmort. Os
Ga.Car. &Kor. IstS g..l929, J&J 102% 102%
1902, F&A 5103%
Wc-teru Maryland..
(Bait.)
50 12
113%
14
.vorth. Central, gold 6s, 1900, J&J 115
2d mort.scaled, 38...1902, F&.V 5
"
Wilni. Col. J: .lugusta
J&J 117%118
100 106 109
Ogden. & L. C, Con. 6s. 1920. A&O 5
Gold 6s of 1904
104
"
W'ilniin>.'t'ii& Weldon
1926, J&J 109
110
100 110
Series A, 58
lno.68
1920i6
A\i.^coi«i]i Central... (Boston) .100;
1925, A&O 106
106%
20%
Butland, l8t, 6s
4%s
1902, M&N §
"
Preferred
lool
Oxf.&Ciark.,lntgu.,6g.l937,M.»:X 102% 103%
2d, 5b
1898, F&A5
"
Worc'st.Sa.'ih.&Roch.
100; 126
Piedm.& Cum. ,1st, 3 g. 1911. F&A 101 102
Bonds.— Philadel hia.
MISCELLASEOUg.
117
Allegheny Val., 7 3108,1890, J&J 109
Pitts. & Councils. Ist 78. 898, J&J 116
Allouez Mining
(Boston)
lia
23!
5% 6% Atlantic City 1st 3s, g., 1919,M&N
Virginia Mid., Ist 6s... 1900, M&S 115
Atlantic MiuiUK^
1911 M&S 114 115
20%
Belvidere Del., 1st, 6s.. 1902, J&D
2d Series, 68
City I'.ii*8enKei-KK... (Bait.)
23 80
1916, M&S 108
108%
83
Catawi3.ia, M.. 78
3d Series, 68
1900, F&A 117
Chict W.Mich,
gen. 58,1921.
:
I
•'
61.
.\r.
(1 ir..
.
t
)
I
1
,
)
'
.
1
**
I
.
'
.
i
)
1
;
"
;
'
_
_
1
j
.
.
I
!!
.
!
i
tl
li
1
.
j
Bay
Gas
(Boston)
30
Boston Laud
'•
Centennial Mining...
Fort Wayne Klectrlolt
Franklin Mining
Frenelini'n'sBayL'nd
**
lOl
101
Slate
"
25
"
251
"
5'
251
]i
I
,
!
4th Series,
'
|
I
These are the prices bid and asked; uo sale was made.
H Unlisted,
i
And accrued
interest
3-4-58.. ...1921, M.JtJS
80
85
1926,M&S 101 1101%
5th8crie8, 3s
West Va. C. & P. Ist, 6 g. 19 1 1 J&J 109%'110
West'n N.C. Consol. 6 g. 1914, J&J
Wllm. Col. & Aug., 68.. 1910, J&D iiij"' iiid"
,
lltSCELL.lSEi)f.«.
1
I
100
"
Kearsargc Mining
25
Morris Canal guar. 4. (Phila.) 100
'
Preferred guar. 10.
100
Osceola Mining
(Boston)
25
"
Pewabic Mining
25
"
Pullnian Palace Car..
100
"
Qulne} Mining
23
Tamarack Mining
"
25
Thoms'uElec.Weld'gll
u.n u^ic. .. v.u ,(
100
AW
"
Tl
,
I
•'
Union .Wnlug
Illinois Steel
34%' 36
Char. Cin.& Chtc.lst 5g, 1947, Q—J
Clearfield & Jeff., 1st 68.1927, J&J 117
5%;
20
20% Connecting. 6»
1900-04, M&8
12
12% Del. &B'dBr'k, 1st, 78.1003,F&A 130
19%' 19% Eaaton&.\m.lstM.,5s.l920.M&N| 114% 115
5
Elmlr. &Wilm., 1st. 68.1910, J&J. '1120
479'
5
Hunt & Br'ilTop,Con.58.'l)3,.\&0 100%' 101
85
Lehigh Nav.4%s
1914, O—J 108
16
1897, J&D 112
2d 08, gold
73
General mort. 4%8, g.l924,q—
103
202%
Lehigh Valley, 1st 6g...l898, J&D 115
40%
2d 78
1910, M&S 132%
15
1923, J&Dtl33%
Conaol. 6
i20 222 ,NorthPenn. Ist, 78....1896, .M&N 116
I117
1903. J&Ji
Gen. M. 7s
127%
191 195
Pennsylvania gen. Os, C..19 1 0, Var
126%
xou auu
185 200
(>onsoi. OS, c
Consol. 6s, c.
1005. Var,
iwo. var,
x^i
121
Baltimore- CilvHaU0e.l90O,Q-J
1900. J-J
FundingOs
West Maryl'd RR. 6s. .1902, J&J
lOlti. -MAN
Water 3s
1916, M&N
Funding 58
19;<0. J&J
Exchange 3%8
1900. J&D
1910, J&D
1939, J&J
5s
1913, A40
Equitable Gas, 68
new 1032, J4J
".- "*"''-* -"-^
Vfrginla iom»»<j' 38.
\irgiui» (Statel ..".
Che8ai>eakcGa8.6s
ConsoLGa8,6s
t
Latest prlcc,lUH week.
U.owe»t
120
120
122
131
121
123
128
128%
128%
104%
l.'S
104
109% 110
118%
101%
115
101
106
67
"
107
,
07%
w. »
is ex-<U».-
«,
—
J
J
F
J
THE CHRONICLE.
488
NEW YORK STOCK EXCHANGE PRICES
Clos'ng
MISCEL. BONDS. ^™'«r«'i Price
{Period. Oct. 10.
j
I
EAIiaOiD AKD
—
Kange
(Continned).
—r————
\
8II2 Oct.
At.Top.&S.F.— 100-yr.4g.l989 J & J 83
5418 Feb
57
1989 Sept.
100-year income 5 g
12 Jan.
63.1910
13%
Atl. & Fac— W. D. inc.,
1937 J & J 76 b. 7013 Feb.
Guaranteed, 4 g
58.1908 J & J 10651 105 Aug.
Can.Soutli.— 1st guar.,
1913
& 8 9614 90 Bept.
2d, 58
II512 Oct.
115>3
Centralof N. J.— Cons. 7S..1899 Q—
1902;M & N •123 b. 124 Oct.
Con801.,78
g...l987 J & J 110Mb. 110 Bept.
General mortgage, 5
Leli.&W.B.,cou.7s.,as'8d.l900 Q-M 112 b. 113 Mar.
1912 M&N* 102isa, 102 May
do mortgage, 58.
Am. Dock & Imp., 58.... 1921 J & J 109 b, 107 Bept.
Gold 69. ..1898 J & J 115 b, 112 Jan.
Central Pacitlc—
M
dies. & Oliio.— Mort. 6 g.. 1911
1939
letconsol. 5 g
A& O
M&N
M&N
M&N
.
. . .
M&N;
,]
,
May N.C.&8.L.— <7o»i.— Con.5g.l928 A
May N. Tf. Central—Extend., 58.1893
1st, coupon., 73
May
1903jJ
Deben, 5s, conn., 1884... 1904lM
82% May
110 Feb. N. T. & Harlem— 78, reg...l900 M
100% July N.Y.Chic. &St. L.—4g....l937|A
122
128
Jan.
Feb.
Jan.
Apr.
Lowest,
July
Apr.
_
I
104
59
71
101%
108
99
113
Oct.
I
&0
M&N
I
:
1
1
. .
&D
.
'
i
&N
I
I
I
NEW YOKE STOCK EXCHANGE PRICES—{Continued.)—IA^.4C3TF,E; BONDS-OCTOBER
SECURITIES.
Bid.
Ask.
(Stock Exchange Prices.)
Alabama Mid.— Ist, g., 68
1928 *90
Atlantic & Danv.— 1st g., 68.. 1917
Atl. &Pac.— 2dW. D.,gu. 66,.1907
Bait. & Ohio— 1st, 6s, Park B.1919
Js. gold
1925
Cons, mort., gold, 58
1988
SECURITIES.
Bid.
B.& 0.-Mon.Riv.,lst gu.,g.,5s,1919
deech Creek— 1st, gold, 4s
1936
H. Tun. & W.— Deb. 58.1013
98
Brooklyn Ele v.— 1st, g., 6s... 1924 110
2d, 3-58
1915
ibs"
No price
Roch. & Pitts.— Gen., 58.1937
97%
Rooh. & Pitts.— 1st, 68
1921 117
do
Con8olidat'dlst,68.1922 116 117
Burl Ced. Rap. & No.— 1st, 58.1906
94%
Iriday ; these are the latest quotations
made
this
week.
Jan.
94
May
June
103 Jan.
83 May
78 May
;ll2i4Mar.
107 34 Apr.
1
ills
I
I
1
June
111 Jan.
9838 May
3238 May
108 Jan.
IO914 Feb.
103% Juno
May
95% July
107
115
115
]
Juno
Apr.
14% Apr.
115
120
120
Juna
Mar.
Jan.
102% Juno
92
June
88% June
90
127
Juna
Oct.
62%
Oct.
IOII4 Oct.
14
108
115%
Sept.
Juna
Sept.
10338 Mar.
109
Juno
10434 Jan.
103% Jan.
96% May
45% May
107% Jan.
Ill
June
IO8I4 July
80% May
101
Jan.
118% Mar.
116% Feb.
H2i4July
113% Map.
117% Map.
118
Mar.
II6I4 Jan.
95 14 Jan.
88
110
88%
90
Aug.
Aug.
Apr.
Apr,
10514 Apr.
86% Jan.
57
May
106=8 Jimo
102 14 June
40
May
102% Jan.
104i4Apr.
69 Jan.
Bid.
Ask.
Rap.&No.— (Contin'd)
Minn. & St. L.— Ist, 7s, gu..l927 •105
Iowa
90
V'TV
*
88
Butt.
114
105
106
49
83
II8I4 June
Burl. Ced.
Best.
97
90
58% May
10.
SECURITIES.
Ask.
Jan.
101 Jan. 109 Apr.
100 Mar. 106% Mar.
66 Mar. 74 May
78 Oct.
85 Juna
22 Sept. 34% Juna
79%Sei)t. 87 Jan.
62 Mar.
80% Jan.
I
&N
May
May
Juno
Bept. 104% Mar
103% Jan. 107% Apr.
105% Oct. IIOI4 Mar.
.
'
May
111% May
Sept.
M&N
Railroad Bonds.
Apr
132
Apr.
68
Aug. 80
Jan. 106
,
M&N
&N
May
104=8
Mar. 113% May
12434 May 128
Apr
9014 Oct.
97 Jan.
112 Sept. 117%Juu9
131 July 13434 Apr.
107 Sept. 112 May
134 Sept. 139% Jan,
107 June llOHMar.
119 May 122% Jan.
9838 Mar. 107 May
llOiiSept. 113% Feb.
95 Oct. 101 May
96% Apr. 10138 June
113 Apr. 118 Feb.
99 14 June
94 Oct.
113% Jau. 119 June
110% Apr. 116 Aug.
109 Sept. 113% May
86^8 Oct.
94 Aug.
10414 Mar. 110% Apr.
106 Jan. 113 Sfty
llSMJuly 117 Juno
I
Mav
111
110
]
114 Apr. 117 Feb.
IO512 Oct. 110% Feb.
lOSMSept 112 Apr.
IO4I2 May 108% Feb.
96 Jan. 101% June
91ia Jan.
99% June
1890.
Highest,
1st pref. income, 5 g
65%
1958 Feb.
2d pref income 5 g
45%
1958 Feb.
42 Oct.
3d pref. Income 5 g
33''8 Oct.
1958 Feb.
34%
Pittsburg&Western— 4g..l917 J & J 7938a. 78% Aug.
M
126 Sept. 132 May Rlch.&Dauv.— Con.,0g...l915iJ & J 116 b. 115% Jan.
Consol., 5g
1936IA & O 87%a. 87% Apr.
100% Sept. 106% June
100 Jan. 106% Aug. Rloh.&W.P.Ter.— Trust6gl897iF & A 96%a. 96% Oct.
Con. lst& col. trust, 5g.l914!M & 8 70''e
117 Sept. 123% May
68 Oct.
97 Jau. Rio G. Western— l8t, 4 g...l939!J & J 72 b. 6978 Mar.
91 May
I3014 July 135 Feb. R. W. & Ogd.— Con., 53....1922iA & O 106 b. 107% Oct,
II714 Feb. 125% May St Jos. &Gr. I3land— 6 g..l925!M & N 105%a, 103 Oct.
103 Mar. 108 Jau. 8t.L. Alt. &'r. H.— Ist, 78.1894|j & JillO b. 110% Jan.
,_
2d, pref., 7s
1894lF & A!l06%b. 105% May
66% Aug. 75% Sept.
73 Mar. 88% July St.L.Ark.&Tex.— l8t, 6s,t'8t,rec.|
85 b. 86% Mar.
2d, 68, 1936, tr. rec. all ass.pd.l
23
73 Mar. 89% July
22% Oct.
117% May 119 Feb. St. L. & Iron Mt.— Ist, 7s..l892iF & A'108 b. 102 Aug.
2d,7g
76% Jan. 84% June
106 May
1897:M & N:108
Calro&B'ulton— 1st, 7 g.l891ij & J|101% 100 July
99 Mar. 100 Jan.
CairoArk. &Texas— 7g .1897' J & D 105%b. 102=8 Jan,
33 Sept. 39% May
Dul. & Iron Itaiige— 53....1937 A & O! 9738b. 99 July 10258 Mar.
Gen. U'y&landgr.,5g..l93l!A
91%
88 Jan.
Dul. So. Sh. & Atl.— 5 g....l937 J & J 95 b 92 Jan. 101 May St. L. &SanFr.— 6g.,Cl. A.1906IM & n1i12
112 Oct.
b, 111
E. Tenn. V. &G.— Con., 5g.l956 M & N" 106%a. 103% Jan. 108 Apr.
fig., ClassB
1906'm & N!112
Aug.
Knoxville & Olilo— 6 g...l925 J & J *110 a, 108% Jan. 113 .Tune
6g.,Clas8C
1906;m&n!i14 a. Ill Sept.
EUz. Lex. & Big San.— 6 g. .1902 M & 8 *89%b. 89% Sept. 1U4 Jan.
General mort., 6 g
1931 J & J*;ilO%b, IO9J4 Feb.
Ft. \V. & Denv. City— 6 g...l921 J & D 105
103 Sept. 110 May S.P.M.&M.— Dak.Ext.,6g.l91o!M & Nlll7%b.!ll778 Feb.
*95
Gal.H.&San An.— W.Div.l8t,5 g.
lBtcou801.,6g
96 Bept.
1933 J & J 116%b.lii5% Jan.
93 May
Han. &St.Jos.— Cons. 6s ..igil^M & 8 114
114 Sept. 121 Feb.
Do
reducedto4%g. ..jj & J 9
100 Feb.
Illinois Central— 4 g
& O -99
10014 Apr. I0214 Mar.
Montana Exteuslon 4 g.. 19371 & D 90 a. 86% Jan.
1952iA
116
Int. &Gt. No.— 1st, 6g....l919M
IO914 Jan. 116% May San A. & Aran. P.— 1st, 6g.l916! J & J *71 b. 70 July
Coupon, 6 g., trust rec... 1909! M & 8 80
7314 Jan.
89 May
lst,6g
1926'J & J 68%b, 697a Aug.
Iowa Central— 1st, 5 g
127 b, 113% Jau.
1938 J & D 8314b. 83% Oct.
91 May Shen.Val.- l8t,7g.,Tr. rec,1909
Kentucky Central— 4 g
1987 J & J •80 a, 80% Oct.
59 b, 48 Jan.
8534 June
Gen'i 6 g., Tr. rec. a8S't'd.l921
Kings Co. El.— 1st, 5 g
100 b, 96 Jan.
1925 J & J 99 b, 100 Aug. 105 Jau. So. Car.— 1st, 6 g.,ex coup. 1920
Laclede Gas— 1st, 5 g
78 b, 79 Sept. 89 May
1919 Q—
•1314a,
Income, 6s
1931
7% Jan.
Lake Erie & West.— 5 g
3 937 J
& J 109 b, 109 Apr. 112% June So. Pac, Ariz.—6 g
1909-10 J & J!105%b, 105 July
_
„ _
Lake Shore.-Con.op.,l8t,7s.l900 J & J 12412a, 12214 July 128 May So. Pacific, Cal.— 6 g....l905-12'A & O 11214b. 112 Apr.
Consol. coup., 2d, 78
1903 .T & D: 123 b, 122% Sept. 128 May
Ist, consol., gold, 5 g.... 1938 A & 0*99 b. 100
Oct.
Longlslaud— 1st, con.,5 g.l931 Q—
II214
106
112 Aug. 118 July So. Pacitlc, N. M.— 6 g
10514 July
1911'J & J'~~
General mortgage, 4g...l938.T & D 94 a, 93% Sept. 99 Jau. Teun.C.L&Ry.—Teu.D.,lst,6g'A & O 90
93 Oct.
IiOulsv.&Nashv.— Con.,7s.l898'A & O 113>4 113 Oct. 119% Mar.
Biim. Div.. 6g
1917:J & J 90
90 Oct.
N. O. & Mob.— 1st, 6 g. 1 930 J & J* 11712a. II514 Jan. 12134 June Tex. & Pac— 1st, 5 g
2000'j & D 9038
89% Sept.
do
2d, 6 g
1930 J & J 108 b. 106 Jan. 110% Feb.
2000 March. 3938
2d, Income. 5 g
37% Apr.
E. H. & N.— 1st, 6 g
114
1919J
113 Jan. 116% May Tol, A, A, & N. M.— 6 g
1924|M & N 104
102 May
General. 6 g
1930 J & D' 11312b. 113 Jan. 116% May Tol. A. A. & Gr. Tr.— 6 g. . . 1921 J & J 107%b. 107 Jau.
Collateral trust, 5 g
1931 M & N[ n05 a. 104% June 110 Feb. Tol. & Ohio Cent.— 5 g
1935;j & J 105 b. 102 Jan.
louls. N. A. &Ch.— l8t, 68.1910 J & J Ill b. 111 Aug. 119 Feb. XoLPeo. & West.—4g
1917iJ & J 77%b. 76 Jan.
Consol., 6g
1916 A & O *99 b. 95% Apr. 105 Jan. Tol St. L. & Kan. C— 6 g..l916lj & D 95 a. 9458 Oct.
liOnis. St.L. &Texas— 6g..l917 F & A 100
9714 Feb. 104 July Union Pacilic—6 g
1899!J & J 11614b. 11459 Aug.
Metro. Elevated— l8t, 6 g.. 1908 J & j' 11312b. 112 Jan. 117 May
Sinking fund, 88
1893|M & SjllO b. 110 Sept.
2d, 6s
1899M & N 107
105^8 Feb. 110 Apr.
Kansas Pacific- 1st, 6 g..l895iF & A' 109%b. 110% May
Mlcli. Cent.— l8t, con., 78. .1902 M & Ni 125 b, 125
May 129 Apr.
1st, 6g
1896' J &D' 11214b. 110 Jan.
Consol., 58
110
1902
108 July 111% Mar.
Denver Div.— 6 g
1899'M & N 114 b. 113 Jan.
Mil.LakeSh.&W.- l8t,6g.l9211M
121
115 b. 113i4June
119% June 125 Apr.
1919iM
Ist consol., 6 g
Exten. & Imp., 5 g
1929 F & aI 100 b. 100% Oct. lOSMJau.
110 Oct.
Oregon Short Line— 6 g..l922'F & A 110
IBlw. &Nortb.—M.L.,63..1910 J & D Ill b, 109% June 113% May
Or.S.L.&Ut'hN.— Con.5g.l91i> A & O 90
90 Oct.
let, con.. 6s
1913 J & D 11014b. 108% Feb. 113i4.May
U.P.Dcu,& Gulf con. 5g.l939jJ & D 85
84 Sept.
M.K.&T.— New4g.,wheni8Siied'J & D 77
74% Oct. 82 June Union Elevated— 6 g
1937 M & N *109 a. IO6I4 May
New 2d 5s, when issued
J & D 4412b. 43% Apr. 55^8 May VlrginiaMld.—Gen. m.,5s, 1936 M & N 84 b. 85 Mar.
Consol., 6 g., trust rec
1920 J & D 79
72% Jan. 8838 May
do
stamped guar.'M & N 87 b. 86% June
Consol., 5 g., trust rec
1920 J & D * 68 12b. 61% Jan
76% June Wabash— 1st, 5 g
1939'M & N 102
100 Aug.
Mo. Paeillc— 1st, con., 6g.l920|M & N 108 b. 109 May 113 Apr.
1939. F & A 76%
75 Sept.
2d mortgage, 5 g
3d, 7s
1906 .H & N 11412b. 113 Sept. 120 Apr.
Debeut.M., series B
Sept.
1939, J & J 37 b. 41
rac.of Mo.— l8t,ext.,4g.l938|F & A 97 b. 95 Aug. 101% Jan. West Shore— Guar.. 4s
236l'J & J 103
103 Aug.
2d mort., 7s
1891 J & J' lOliab. 100 July 103 Mar, West. N. Y. & Pa.— 1st, 5 g. 1937' J & J 98 b. 92 14 Jan,
Mobile & Ohio— New, 6g..l927iJ & D 116
112% Aug. 117 Apr.
1927 A A O 3258
29 Jau
2d mort., 3g., 5sc
General mortgage, 4s
19381M & 8 6512
5714 Jan.
67 July West. Un. Tel.—Col. tr., 53. 1938 J & J 99
98% Sept.
Mutual Union Tel.— 6g
191l|M&N*| 103 isb. 100 May 105 Bept. Wis. Cent. Co.— Ist, 5 g
1937 J & J 9814 a. 9678 Jau.
Nash. Ch * St, L.— Isr. 7s.]913i.I & j' 128i2b. 128 Julv 133 Jan,
1937'
Income, 5 g
46%
46 Oct.
SoiB— "b" iudioates price ftid, and "a" price asueU; the Kau!?e is made up from aotaal salea ouly.
Liitest price this week.
M&N
.
1»90.
I,
b,
.
L
(sales) in
b,
& s!
& N 126 b,
& O 91
N. Y. Elevated— 7s
1906lj & J 112%a.
N. Y. Lack. & W.— 1st, 6S..1921J & J 138%a.
Construction, 5s
1923'F & A'108 b.
N.Y. L.E. & W.— l3t,con.7g.l920lM & S 134%
1893iJ & D 108%b.
LongDock, 7s
Consol., 6 g
1935'A & 0,117%b,
2d COU80I., 6 g
1969 J & Dl 9914
N. Y. Out. & Wi— l8t, 6 g. .1914 M & S'llO'sa.
Consol. 1st, 5g
1939 J & d! 95
N. Y. Sua. & W.— Istref., 5 g.l937 J & J 100
Midland of N. J.— 6 g
1910 A & O 112%b.
Norf. &W.—100-year, 5 g. 1990, & J|*95%a.
J „ _
North.Pac— 1st, coup,,6g.l921ij & J!116 b.
General, 2d, coup., 6g...l933(A & Ollll b.
General, 3d, coup. 6 g.... 19371 J & DIlOOHb,
Consol mort. 5, g
1989 J & d| 87%
North Pac. & Mon.— 6 g...l938 M & 8 10478
No. Pacific Ter. Co.— 6 g...l933 J & J 108 b.
Ohio & Miss.- Consol., 78. .1898 J & J 115 a.
OhloSoutiiorn— Ist, 6g....l921 J & D 105 b.
General mort., 4 g
1921 M & N 60 b,
;Omaha&St. Loul8-4g....l937 J & J 7114b.
Oregonlmp. Co.— Ist,6g..l910 J & D 103 b.
Ore.R.&Na,v.Co.— Ist,6g.l909 J & J 108 b.
Consol., 5 g
1925 J & D 99
Oregon &Tran8con' 1—6 g..l922 M&N lOTMb,
Penn. Co.—4% g.,coupon..l921 J & J 106 b.
Peo.Dec. AEvansv.— 6g..l920 J & J 101%b.
Evansvillc Div.—6 g
1920 M&8 100 a.
2dmort.,5g
1926 M & N 67 b.
Peoria &Ea8t. consol. 48.. 1940 A & O 78 b.
Income,48
1990 April. 24
Phlla. &Kead.— Gen„4g..l958 J & J SHi
110% June
116% Mar.
Aug. 129
Range
106 Oct.
& O
102%b. 10138 May
M&N 105 126 Sept,
& Jjl28
113% Apr.
116
105
JAN.
since
Clos'ng
price
Period. Oct. 10.
7OI4
2414
89% Sept. 96% Apr.
139% Bept. 144 Jan.
123
,
Inter' st\
88
82 July
77 May
Aug. 113% Jan.
Sept. 129 June
Aug. 105 'e Apr.
96 July
Oct.
90% Oct. 94i4Apr.
11618 June 118% June
116 Apr. 122 Sept.
95 Feb. 100 Jan.
88I2 Aug.
98% May
123 Oct. 129% May
II214 Aug. 116% June
II2I2 Aug. 118% Apr.
104'8 Sept. 10914 June
101 Aug. 10334 June
102% Oct. 106 June
103 Mar. 106 June
82
T
Railroad akd MiscEt. boxds.
112i2b. 111 I2 Oct. 118 Feb.
99 14 Oct. 103% Apr.
la
67 Bept. 73% June
b.
67i«
1071a
12334
101 12
9012
OCT. lO, and
Bighest.
M&N 100
J 68
K.&A.Dlv.,l8tcon.,2-4g.l989
Istcon. g., 4..1989 J & J
do
1989 J & J '74 a,
2d con., 3-4 g
1911 F & A *106 b.
Cliee. O. & 6o. W.-6 g
Chic. Burl. & Q.— Con. 7. ..1903 J & J 123 b.
102i2b.
1913
Debenture Ss
1922 F & A OOi^b
Denver Division, 4s
91
Nebraska Extension 48.. 1927
Chic. & E. lU.— 1st, 8. f., 68.1907 J & D 113 b
1934 A & O 117
Consol.ag
98 b,
General consol. Ist, 53. .1937
88 b.
1st, 5 g.l937 J & J
Chic. Gas. L. &
1241sb.
Chic. Mil. & St. P.— Con. 78.1905
114 a
Southwest Div.—6S..1909
Ist,
113ijb.
.1910
Ist, So. Min. Div.— 68
10514
Ist, Ch.& Pac. W.Div.— OS. 1921
& *102 a.
Chic. & Mo. Riv. Div.— 5s 1926
102%
Wis. & Minn. Div.— 5 g...l921
1914
& 10212b.
Terminal, 5g
& *91
Gen. M., 4 g.', series A... .1989
Chie.&N. W.— Consol. 7s. .1915 Q-F 140 b.
1902 J & D 124%
Coupon, gold, 78
1929 A & O 11314b
Sinking fund 63
1929 A & O; 106 b.
Sinking fund 5s
llOifib.
Sinking fund deben. 5s. .1933
106 b.
1909
25-year debenture 5s
1926 F & A 96Jab.
Exteii.sion48
& e 98'«b.
Chic. Peo. & St. Louis— 5 g.l928
Chic. K. I. & Pac.— 6s, coup. 1917 J & J 126'flb.
1934 J & J 101 13
Extension &col. 5s
Chlc.St.L.&Pitt.- Con., 5g.l932 A & O 98 b.
Chic. St. P. M. & 0.-68.. ..1930 J & L» 118kb,
Cleveland & Canton— 5 g..l917 J & J 9219
C. C. C. & I.-Consol. 7 g...l914 J & D 130 b.
1934 J & J *122 a,
General consol. 6g
1900 F & A lOSi^b,
Col. Coal & Iron— 6 g
Colorado Midl'd— Con. 4g..l940 F & A 70
Col. H. Val. &Tol.— Con. 5 g.l93] M & S SOSgb.
1904 J & D 87 a.
General, 6g
11712b,
Denver &Eio Gr.— 1st, 7 g.l900
let consol., 4 g
1936 J & J 82 b.
Det. B. City & Alpena— 6 g.l913 J & J 100 a.
Det. Mac. &M.— L'dgrants.l911 A & O 32 b.
C—
— ACTIVE BONDS
(sales) in 1890,
Lowest.
[Vol.
onio
C.
& West.— 1st, ?s.
. . .
1909
Ced. Rap. I. F. & N., 1st, 6s.l920
1921
1st, 58
Central Ohio Reor.— 1st, 4%a.l930
C0I.& Cin.Mid lst,e,K.4%s.l939
Jent. RR. & Bank.— Col. g.53.1937
Sav.&West.- l8tcon.gtd.5s.l929
80
90
—
99
*iv,->-
89%
J
OCTOBF-n
THE CHRONICLE
II, 1890.
NEW ¥ORK STOCK EXCHANUE
Bid.
BKcrnrriES.
RallrniKl
(Sl:u'l:
los
10:I0*
Wort, (fold 5s
Wc«t. rucltlc!— HoiuIs,Cs....lSi)!) '110
(C'ttl.)
SO.yi'iir r.s
Che.i.
O.-l'ur.
(Is. k'old, jiorioH
&
Chi*, o.
— l»t,
(i.i.
100
West Dlv. 7»,Tru8l rooelpta.1891
1st Waco A Nor.— 7«
1901 110
2d m.SH.M. Trust reMlpt«.1913
l!io7;
1.
'
l!t:i«
M.
00
«0
Gen. mort.6s,TruNt reoelpU.lSaft
Illinois Central- Ist, K., 4i ...1951
l8t, irold, 3H1.4
1951
lll>j
fiiiul, tis.lsiix
Atk.
96ifl
03
100
as
A
1008 113
A H<K West.— 2d, Oa.. 1911
& Alton— l8t, 78
ISOa,
8tL.V.4T.n.-2d.
8d,
rriiar.,
IMOM
ihih
7»
7>
Ohio lnd.AW.-l«tpraf.Aii..|U3>i
Peoria
iw
114
A
Pek.
Union— lat,
i.i?,'.'"2''.V'i'*'
.rlula.
Kead.— 3d pref.
A
Htta. Clare.
,„
l«.
BECURITIEB.
. . .
Cal. *()ii-»,'(>ii-«or. B.0II...1S!)--'
No. Kallwiiy
Bid.
Oi
HouMtonIo—Cons. itoliTOa. ] 937 104
N.HayenADcrhy, CodlS*.. 191^1 107
Hon(.A Tex.C— l«t, ni. 1. 78.Tr.r60.
Ii:''
1!«h>
e«
B.
.
11-'
l'^'-<~
Hr.,
AFIa.— 1st,
1927
Onnd Rap. A Ind.-Gen. 8«. 1924
OreenB. ftr. Ast. l'.-lite«..19ll
2d Inoome, all suIih. pidd
KxrhiiiKjr I'rlrrt.)
lis
BECUUITIK8.
Qa. 80.
Oentnil I'uclllr-(tol.l ImU, «». ISOS
IHOU
Gold li(>ii(l«, Oh
Gold lidiiilH,
Sun JiMiquIn
PRICED.- INACTIVE BONDS-fContinutdJ-OCTOBSR
Aik.
nanA^.—fCont.)
4S9
A
Tol.— l«t,
.Pl«». Juncllon— IstOs
-
««. 1921
'O*-"
oooTert
6a... 1033
1922
Mc K. A Y.-l»t6«
1932
Palnsv. A F.— 1st, 5s... 191*1
Pitts. Y. A Ash.- Consol. 5a.. 1927
Presc't A ArU. Cent. 1st, ea,«. 1916
2d incoiue, 68
1010
Rich. A Danv.— Debenture 6a. 1027 '1034102I«
£auip. M. a. f., R., 5s
1900
Atl. A Char.-lsf, pref., 7a.. 1 807 1034
do.
Income, 6a
1000 1034
Rome Wat, A Og.— 1st M., 78.1801 104
St. Jos. A Or. Is.— 2d Inc
1925
40
1224
Pitts.
80
PlttJi.
105
894 924
Dlv.- Coup., 6*.. ..1898
113
Clilcaso
Middle Dlv.— Reg., 5«
1921 iii" 118
122
BlnkliiK fund. 6g
1903
C. Bt, L. 4 N. O.-Tcn. 1., 7».1897
liOuls. * Mo. Klver— l»t, 78.1900;
lst,conRol., 78
1897
2d, 79
1900
2d, 68
1907
Bt. L. Jai'kii. & Chic— l8t,78.1894
Gold, 5s, coupon
1951 115
1174
Iflt, (tuar. (504), 78
1894
Meiup Dlv., Ist g. 4s
95
1981
2d mort. (3(iO), 78
Dnb. A 8. C.-2d Dlv., 7» ...1894 100
1898 11;
Kan. C. A Omaha— Ist, 5s.. 1027
83
2d, (fiiur. (138), 7s
1898 112>g
Ced. Falls A Minn.— Igt, 78.. 1907
83 100
8t. L. A. A T.U-2d m. Inc7».> 804
1064 107
MIss.R. BrldKe— 1st, 8. f., 68.1912 104
Ind. D. A Spr.— Ist 79, ex. op. 1906
107
Dividend honda
1804 50
Ohio. Burl. & Nor.— Del). 68...189t'> 1014
Ind. Dec. A Wc9t.— .M. 58
105
1947
Bellev. A 80. 111.— lat, 8a...i890 113
Clilc. Biirllntc. * Q.— .59, s. f..lO()I
102 >9
2dM.,inc..59
30
... 1948
Bcllcv. A Car.- 1st, 68
1923 106
Iowa ]iiv.—Sink, fund, 58. .1919 104
Inter. A Gt. Nor.— Coup. 6«. 1909
"so"
Chl.8t.I>.APad.— I8t,ffd.g.5al917 100
SlnkiuK fund, 48
93%
Kan. C.Wyan.AN.W.-l8t,6s.l938
1910
St. Louis So.— Ist, gd. g. 4s. 1931
82
Pl.iln, 4a
1!)_'1
L. 8h. A M. So.-C. P. AA.—78.1892 1034
do
2d income, 5s. 1931
no
Chic. A Indiana Cool— 1 si .".s lii;iil
Buff. A Er.- New bonds, 78.1898 115
Car. AShawt.- l8t g. 48....1932
79
Ohl. Mil. & 8t, P.— l8t,8s,IM) ls;is
Det, M. AT.-lst, 79
1906
8t.L.ALM.— Ark.Br.,l»t,78.1895 1074 110%
_..
^
2d, 7 3-108, P. D
Lake Shore— Div. bonds, 78. 1899 115
1898
St.I^u AS.Fran.— Equlp.,7a,1895 IOI4I
^
1st, 78, 9 g., R. D
Mahon'g Coal RR.— Ist, 58.1934 106 no
1902
General5s
1931 * 98
1st, Lacrosse Division, 78.1893
] .Itchf. Car. A Wc9t.— 1st 68. g. 1916
lat, trust, gold, 58
08
1987
l3t, I. & M., 7»
I.ongIslaud— 1st, 7s
1897
Kan. City ,t S.— 1st, 6s, g. 1916
1898 118 120
l8t, I. A D.,78
N. Y. A K'way B.— 1st, g. 5a. 1927
1899
Ft. 8. AV. B. Bg.— iMt, 6S...1910
05
l9t, C. AM.,7s
123
19031
2d mortg., inc
St. Paul A Duluth— l8t,58....1931
1927 40
Ist, I. A D. Kxtoiislon, 78.
Brooklyn A Mont.— Ist, 68. .1911
1908
2d mortgage 58
1917
loa
l9t, 1.3 C. A Dav., 59
„l?t,59
1919
St. Paul Minn AM.— lat, 78. .1909
1911
1st, H. A D., 7s
1910
SmithtownAPt.Jeff.- I8t,78 1901 107
2dmort.,68
1900
119
l9t, H. A D., 53
101
lOlOi Louls.Evans.ASt. L.— Con.58.1939
Minneap. Union— Ist, 68
85
1922
Chkaeo A Paolllo Div., «9..1910 114
Louis. A Na9h.— Cecil. Br, 78.1907 105
Mont. Cen.— 1st, guar., 68. .1937
107
lie"
1910' 'lOCn 102
Mineral Point DIv. 59
Pensacola Division. Us.
East. Minn., Ist div. 1st 5s. 1908
1920*105 no
C. A L. Sup. Dlv., 53
103
1921
St. Louis Division, lat, 6s... 1921 '114
San Fran. A N. P.— lat, g., .5a.l910
Farso A South., C.->, Assn.. .1924
„2d,3s
Scioto Valley A N. E.— lst,4s,1990
1980 65
80
Inc. conv. sink, fund, ,59.... 1910
Nashv. A Decatur—] at, 78. 1900 •116 no
Shenandoah Valley— Inc, 68.1923
Dakota A Gt. South., 5s
1916 •100
8. f.,68.—S. A N. Ala
no 'Sodua Bay A 80.— Ist, 5s, g. .1924
1010
Ciie.AN'.W.— K.sc.AL.S.lst,69.1901 111
10 40, gold, 68
jSouth Carolina-2d, 6s
1924
1931 • 55
Dea M. A Jlinu.— 1st, 78
1907 124
50 year 53. g
1937 108 no 180. Pac Coast— lat, guar.,48.1937
05
Iowa Midland- Ist, 8s
1900 124
Uniflcd, gold, 43
iTexas Central- lat, a. f., 78. 1909
1940
Peninsula— Ist, conv., 78. ..1898
Pens. A At.- l9t, 6s, gold. ..1921 104 105
l8t mortgage, 78
1911
Chic. A .Milwaukee— 1st, 78.1898
119
Nash. Flor. A S. Ist gu. 5s.,1937
1014 Texas ANew Orleana- lat,78.1905
Win. ASt. P.— 2d, 78
1907
135
Lou.N. Alb.ACh.— Gen.m.g.58.1940
Sabine Division, Ist, 68
1912 104 106>«
Mil. A Mad.— 1st, 68
1903
Loulsv. South.— Ist, g. 6s ....1917
90 Tex. A Pac, E. Div.— Ist, 68.1905 '107 108
Ott. C. F. A St. P.— 1.9t, 53. .1909
Lou. N. O. A Tex.- Ist, 4a.... 1934
Third Avenue (S.Y).- lat 58, 1937 113 ll4l*
894
Northern III.— Ist, 5s
1910
2d mort., 5s
ToL A. A. A Cad.—68
1934
1917 1024 103>a
102
C.E.I. AP.—D.M.AF.D..lst4s.l905
Memphis A Charl.—fls, gold. .1924
106
Tol. A. A. A Mt. PI.—68
1919
1.
1st, 2ia«
1905
Ist con. Tenn lien, 78
Union Paclflo— lat, 6a
1»15 125
1896 ni%L
Extension, 4s
1903
Mexican National— Ist, g., 68.1927
l8t, 6s
1897 1134 ...::;
Keokuk A Bes M.— 1st, 5s.. 1923
2d, Income, Os, "A"
46
1st, 68
1917 43
1898 115
Chic. St. P. A Kan. City—59.. 1936
2d, income, 6s, "B"
Collateral Trust, 6a
13
1917 11
1908 •104
Minn. A N. W.— Ist, g., 58. .1934
Michigan Central—68
Collateral Trust, 59
1909 1174 122
1907, * 94
Chic. St. P. A Minn.— 1st, 68. ..1918
Coupon, 5s
1154 Collateral Trust, 44s
1918
A. .1931
80
St. Paul AS. C— 1st, 68
1919
Mortgage 48
C. Br. U. P.— F. c, 7s
1940 100
18951 100
Chle. A W. Ind.— 1st, 8. f., 68.1919
Atch. Col. A Pac— lat, 6s.. .1905!
Jack. Lan. A Sag.—68
1891 1014
General uiortfjaKe, 69
1932 116
Atch. J. Co. A W.— lat, 68.. .19051
Mil. L. S.AW.— Uonv. deb., Sa. 1907 100
Ctn Ham. & D.— Con. s. f., 78.1905 123
U.P.Lin. A Col.— lat.g., 5s. 19181
Mich. Div., 1st, 6s
1924 117 120
2d, Kold, 4'a8
1937
Ashland Division- Ist, 68 ..1925
120
Oreg.S.L.AU.N.,eol.tr8t.,58.1919
Gn. I. St. L.& Chic— lst,g.,48.1936 "9612 974 Incomes
Utah A North.— lat, 73
1908:
99 101
Consol., 68
1920
Gold,38
Minn.A St. L.— 1st, g. 78
1926
1927 1*3 106
Cln. Jack. A Mac— Ist, e., 5s. 1936
Utah Southern- Gen., 78 ..1909 1094 1104
Iowa Ex.ension, l8t,7e
1909 914 93
C.C.C. ASt. L., Cairo div.— 49, 1939
91
Exten., 1st, 78
2dmortg., 78
53
1909 1094 1104
1891
Cl.Col. Cin. A Ind.— Ist, 79,8.1.1899
Valley R'y Co. of O.—Con. 6s. 1921
Southwest Ext.— Ist, 78
83
1910 70
104%
Con,sol. sink, fund, 7s
1914
Pacific E.xt.— lat, Os
Wabash— Deb. M., series "A". 1939
1021 90 100
Cleve. A MaU. V.—Gold, 5s. ..1938 107
Impr. A equipment, 6s
594 No. Missouri- 1st, 78
1895
1922 57
Colorado Midland— 1st, g., 6s.l936! 108% 112
Minn. A Pac— 1st mortg., 58.1936
St.L.K.C.AN.—R.E.ARR. 78.1895 1034 110
ColumljIaA Green.- l9t,63...1916' 106 110
Minn.S. Ste. M. A Atl.— Ist.Ss. 1920
St.CharlesBr'ge— l8t,63...1908
105
2d, t!»
1920* 84
liMi3.souri Pacifle- Trust 5s. ..1917
924 934 West. Va. C. A Pitts.— 1st, 63.1911
Del. Lack. A \V.— Convert. 78,1892,
Mobile A Ohio— Ist e.xt., 68... 1927 110
Wheel.ALE.— Ist. OS, gold...l9'26 '103
"
Mortgage 78
1907
132
St. L. A Cairo
(W.D.)— l3.g.,5s
1928 101
79
48, guar
1931
Syra. Blng. A N. Y.— 1st, 7s.l906 129
Morgan's La. A T.— 1st, 68
KlloeellaueouaUonds.
1920 1104 114
Morrl9A Essex— Ist, 78
1914
l9t, 79
Am. Water W Co.— IstOs.... 1907
127
1918
2d, 79
1891 ibi% 102% Nash. Chat. A St. L.— 2d, 6s.. 1901
1124 1st con., gold, 59
1907
Bonds, 79
1900 116
New Orleans A Gulf— lat, 6a .1926
iBostonUn. Gas— Tr. cer. 5S..1939
780f 1871
1901 122 123"'; N. O. A. No. E.—Pr. I., g., 68.. 1915
Cahaba Coal Min.— 1 st g. 7s 1907 108
Ist, eon., guar., 7s
1915 139 140
N. Y. Cent.— Deb. g. 48
1905 101 1014 Col. A Hock. Coal A I.—6s, g.. 19 17 100
Del. A Hud. Canal- Ist, 78...1891 101% 102 14; N. J. Junction— Guar. Ist, 43.1988 100
Consoi'n Coal— Convert. Os... 1897 *103
l9t, exten9lon, 73
1891 1044
N. Y. N. H. A H.— Ist, reg. 4s. 1903 1034
Consumers Gas Co., Chicago— lat
Coupon, 78
1894 109 iio" N. Y. A Northern- Ist, g., 5s. 1027 103 110
guar. 33
1936
Pa. Div., coup., 7s
1917 1434
2d, 49
Edison Elec 111. Co.— Ist, 5a. 1910
38
1927
All)any A Susq.- 1st, gii.,7s.l906
i284' N. Y. Susq. A We9t.— 2d, 449.1937 76
Equitable G. A F.— 1 at 63
1 905
100
Ist, cons., Ruar., 69
1906) 117^2 118
North'n Pacitlc-Dlvid'd scrip ext. *1034
Hackcnsack Water— lat. 33.. 1926
Eens. A Sar.— 1st, coup., 7s.l921 147
Henderson Bridge— lat g. 63.1931 103
Jame9 Eivcr Val.— 1 st, 69. .. 1 936 104
Denver City Cable— 1st, 6s. ..1908 *101% 103
1901
Iron Steamboat Co.— 6s
73
Spokane A Pal.— 1st, 69
83
1936 109
Denv. A E. G.— Imp., g., 58. ..1928
80
St.Paul A N. P.— (Jen., 08..1923 120
Met. Tel. ATel.— Ist.s.f.g.Ss .1918
i22
E. Tenn. Va. & Ga.— Ist, 78... 1900 116
HelenaARedM'n— lst,g.,6s.l937
103
1044 Nation'l Starch Mfg.— 1st, 68,1920
Divisional 5s
1 930
DuluthAMauitolia— lst,g.6sl936 *i07' 1084 Northwestern Telegraph— 7s, 1904 •1024
Ist ext.. gold, 59
1937
People'sGasACokcil9tg.6s,1904
112
Dul.AMau Uak.Div.— Isf6.s.l9:i7 104
K(i. Almp.,g.,5s
1938
Cceur d'Alene— l9t, 6s, gold. 1916
98
) 2d g. 6s,1904 •
1094 Co., Chicago
Mobile A Birm.- Ist, g., 5s.. 1937
Philadelphia Co.— Ist a. f. 6s. 1898
Gen. 1st, g., 63
1938
Alabama Central- 1st 6s...l918 114
West. Uulou Tel.— 73. 1873-1900 115
Ceut.Washingwn- lst,g.,6s.l93Si
I>le— Ist, extended, 7s
1897 118 1204 Norfolk A West.- General, 6s. 1931 119 1214 Whltebreast Fucl.gen. s.f.,08.1908
2d, extended, 5s
1919; 1144 116
New Elver, Ist, 63
113 IWoodstock Iron- 1st. g. 69...I9IO
19321 no
3d, extended. 44s
1923
LuilsCed Houd*.
lllO
Imp. A Ext., 6s
1934 1094
4th, extended, 58
05
Ala.AVIck.s.-CousoL5g.,1921.AAO 92
1920i'114 |115
Adtustment M., 73
1924: 1074
5th, extended, 48
74
1928 "1034
2d M., income till '94. 1921. .AAO 70
Equipment, 5s
1908
Ist, con9., fd. coup., 7s
07%
1920
974: Vleks. A.VIerid.,lst69,1921.AAO 95
135 M Clinch Val. 1st 59
1937*03
Reorg., Ist lien, 68
19081 105
Atlanta A Charl.— Ist 7.9,1907. J AJ 120 133
Ogd. A Lake Ch.— Ist con. 6a. 19201
....
B.N. Y. AE.— l9t, 7s
36
1916 133
ComatockTun.- Inc.48, 1919.MA.V 23
OhioAMiss.- Con3.,S.F.,78..1898;
115
N. Y. L. E. A W.— Col. tr.,68.1922; 111
120%':Geor(riaPac.— l8t 6s, 1922....JAJ 110 111
2dconsol. 7s
1911
Funded coup., 5a
AAO 74 75
Consol. 5 g 1923
1969;
92
Sprlngtleld Dlv.— lat 7s
1905
Income, 63
21
AAO
Incomc,5 g 19.i3
1977i ..
73
Geueral39
100
1932!
Butr. A S. W.— Mortg. 6a....l908'*100
70
Interim cert.
KanawhaAMich.—lst
'Ohio River RR.— Ist, 58
1936 '100
71
Jetlirson- 1st, gu. g. 5s
lOOO,"
Uttle E.A.Mem.- Ist 3g,1937.MA8i 70
90
103
General mort., gold, 5a
1937
116
Eureka Springs R'y— l9t,6s.g.l933
Mem.ACharl.-Cons.7g.,1915.JAJ "- 123
Ohio So.— Income, g., 6s
19211
764 77
Evans. & T. H.— Ist,cou8.,08. .1921 1174 119 llOregon A Caliroruia— lat, 58.1927
Mo. K. AT.— New 4».. When lasu-id
When issued 444 45
Mt. Vernon- lat 68
New 2d certa
19231
100
[Oregon Imp't— Con.s.,g. 5s...l93y|
37
32
Evans. A Indian.— Ist, cons. .1920 io?'
N.Y. A G'd Lake— l9l Oa, 1908.FAA
Oreg. Ey A Nav.— Col. tr. g..53.1919,* 97
FAA 10 15
190M
Flint A P. Marq.— Mort., 6s. lUJci in;
2d mort., 69,
1174 iPenn.EB.-P.C.AS.L.-l8t,c.,78.1900 *110
Nor.Pac-P.dOr.l)iv.68,l9l9.MAS
1st con. gold, 58
W.i'.l
144
Pitts. Ft. W. A C— l8t, 7S...19I2 *143
MAN
Port Huron— l8t, Ss
Mo. Div., tis. 1919
1939 ioi"
2d, 78
1912 *142 1434
TS
8t.L.Ark.ATex.-l8ll3.Whcni8su'd| 71
Fla. Cen. APen.— 1st g. 3.9
1918t
3d, 78
19121 1344
When Usu'd 38
40
Gal. Har. ASan Aul.— l8t,69.1910* 99
2d 4s, income
Clev. AP.— Cons.,8. fd., 78.1909 126
2d mort., 7s
St P. E. Gr. Trunk-6 g.,1913.JAJ
1905 02
sink. fund. Os
101%
95
4tli,
1892
oous. 6s
1914; 90 107
West. Dlv., 2d 68
1931
West Nor. Car,
St. L.V. AT. H.—l9t, 68., 78.18971
Bprlnirf.
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No
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price Friday; these are the latest qaotatlona
made
this week.
.
. .
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..
.
1
THE
4S0
!
CHEOJNlCLfcl
[Voi-. LI.
Latest Earnings Uejmrled.
Roads.
Week or 2Io,
1890.
AND
Ga, Car'la & No July...
Ga» RR. &B.C0. July...
Geo. 80. Alia.. August
Gr.Rap. .felud.. 1th wk Sep
The Investors' Supplement, a pamphlet of 150 pages,
contains extended tables of the Funded Debt of States and
Cities and of the Stocks and
Companies. It is published
month
other
—
viz.,
Bonds of Railroads and other
on the last Saturday of every
January, March, May, Jidy, September
and November, and
is furnished
without extra charge to all
regular subscribers of the Chronicle. Extra copies are sold
to subscribers of the Chronicle at 50 cents each, and to others
at $1 per copy.
The General Quotations of Stocks and Bonds, occupying
six pages of the Chronicle, are published on the tliirtl
Saturday of each month.
RAILROAD EARNINGS.
Latest Earnings Reported.
I
EOADS.
'\recliorMo\
1890.
Alab'ma Mincr'jIAueiLst
AUejrlienT Va
August
20,732
242,349
wk .SepJ 906,3fi.)
Half owned
-Ith wk Sep
54,153
Total svstem 4th wk Sep 900,518
Bt.L.&SanF.. 4th wk Sep 215,318
53,3-1!
Halfownfd-. 4th wk Sep
Tot.8.L.\S.F, 4tli wk Sep 26S.874
4th wk Sep 1,229,192
Astr. total
AtcU'.T.&.S.Fe. 4th
.
.
Atlanta &C'liar. July
124.133
Atlanta A- Flor'a Septemb'r,
15,157
Atlanta A Tv'.Pt Septcmb'r.
4fi,525
Atl. ti Danville Septemb'r.
39,72(>
B.&O.East Lines AuKUSt
1,704,809
Western
Line.s
Total
AUKUSt
August
499..559
2,204.428
Bal.&O.Soutliw. 4th wk Sep
01,843
Bait. .V- Potom;ic August
142,485
Beech Creek
August
82.453
Buft.Roeli.&Fili 4th wk Sep
63,028
Bur.C.Kap.&N. 4th wk Sep
&
Burl.
Burl.
&
Nortliw. August...
Western August...
Camden & Atl. August...
OauadlanPaeitle 4th wk Sep
Cp.P'riiYad.Val 8eptemb'r.
122,577
5,72)
5,852
161,067
499,000
01,754
204.402
CeD.KK.&Bsr.Co 3d wk Sep
Central of N. J
August
1,295,534
Central PaciHc July
1,451,849
Central of 8. C
July
8,020
Centr'l Venn'nt. \VkSeiit,27
73,702
N.London Noi- WkSept.27
11.070
OKd.ALakeCh Wk6ept.27
18,429
Tot. system. Wk Oct. 4
107,588
Cliar.Cin. ACliic July
9,045
Charlest'u&Sav August
42,302
Cliar. 8iim.&No. •luly
5,869
Chat.R'me&Col. Septcmb'r,
33,500
.
Chatfn'fraUni'u Septemb'r.
Oheraw. & Darl August
Clie.s. &01iio.... 4th wk Sep
Ches. O. & S.
Septemb'r.
Cne.s. & Lenxjlr July
W
Chic. & Atlantic. 4thwkAug
Chic. Bnrl. & Q. August
Chlc.& East. 111. 4th wk Sep
Chie.Mil.&St.P, 1st wk Oct
Chic.&N'thw'n. August
Ghlc.Peo.&St.L. JiUy...
Chic.Kockl.&P. Septemb'r.
Chic.8t.L.&Pitt.
June
Ohic.St.P.&K.O. 4th
01iic.St.P
Chic.
wk Sep
M.iO. August
& W.Mich.
4th wk Sep
Septemb'r,
Septemb'r,
4th wk Sep
4th wk Sep
4th wk Sep
4 th wk Sep
4th wk Sep
4th wk Sep
4th wk Sep
Septemb'r.
Septemb'r,
4th wk Sep
Chippewa Val ..
Oin.Ga.& Forts.
Cin. Jack & .Mae.
Oln.N. O. &'r.P.
Ala. Gt. South.
N. Orl. & N. E.
-Ala. & Vicksb.
Vicks. 8h.
& P.
Erlanger Syat.
Ctnn. Nortlnv'n
Cin.W'ab.ife.Mich.
Oiev.AkrouiCol
& Canton.. August
Ol.Cin.Ch.&S.L 4th wk Sep
Peo. & East'n. 4th wk Sep
Olev. & Marietta Septemb'r.
Color. Midland. 4th wk Sep
Col. H. V. i: Tol. Septemb'r.!
Colusa & Lake.. 'Septcmb'r.
Covin. & Macon. Septemb'r.,'
Olev.
.
Day
Ft.W.ifeCh.. {Septemb'r.
Denv.
&
Klo Gr. let
1889.
to
Latest Date
1890.
1889.
.'*
I
.
I
Jan. 1
wk
Oct
Des Moin. & No. 'Septemb'r.'
Des -M. N'west Septcmb'r.
Det.Bay C.& Alp 4th wk Sep:
Det.Lan8'gANo'4th wkSep
Duluth S.S.& Atl]4th wk Sep
K,Tenu.Va.&Ga.'june
Kno.xv, AOhIo June
Total system. 3d wk Sep.
<fe
i
I
Elgin Jol.VEast. July
Bliz,l«.\.&B.8... Septemb'r.
Empire \-D'blini August...
wk Sep
wk Sep
wk Sep
Flint. & K. Marq 4th wk Sep
Evau,s.&Ind'plisl4th
Evansv; & T. H.,4th
Ktehburg
4th
.
'
Flor. Cenl.& p. '4th-wk8ep
1,676,512 1.5i9..S60
2,500,669 18,510.(192
33,4.55 1,214.230 1 ,071.(i 15
860.572 23,714.903 19.620.7-JS
199,143 4,693,543 4,232,117
32.606
231,808
1.092,390
112,281
930,455
822,051
9,007
89.786
59,()3T
43,104
326,875
300,955
36,015
367.034
270,3s I
1,668,101 12,139,312 10,817,1,'.:!
465,683 3,538,844 3 187 77 s
2,193,784 15,678,156 14^004!93_'
53,90' 1,7l'5,227 1,550,53(1
135,179 1,114,536 1,047,831
77,453
656,749
511,35:!
46,040 1,576,117 1,451,4(!'.)
89,396 2,292,512 2,076,9s;i
9.684
38,822
42.252
7,019
39,11
37.271
154,495
592,009
536,368
46a.0'.H) 11,503,387 10,710,777
35,540
397,540
283,109
208,721 5,689,329 5,148,093
1,269,038 8,075,314 8,722,034
1,484,030 8,333,045 8,601,928
6,640
67,857
56,884
74,891
11,418
18,'233
101,468
1,800
26,479
9,799
6,775
200,909 178,100
205,299 201,250
6,062
5,770
72,833
70.183
3,016,229 3,236,718
72,298
64,831
075,000 631,344
2,670,530 2,575,104
33,285|
30,691
1,722,246 1,740,345
506,607 375,313
117,197
93,165
596.173 576,160
38,923
36,254
20.852
18,549
6,831
6,975
19,867
15,679
141.124 114,033
60,352
55,509
32,811
35,517
20,088
20,459
24,588
22,187
278,963' 217,735
2,050'
2,152
50,915;
50,108
24,009'
17,568
55,576
43,459
409,993' 360,624
48,6971
43,847
31,299
19,663
52,700
44,178
301,965! 243,143
l,682i
3,558
14,307
8,374
40,187
39,745
184,000 160,500
14,073
5,690
24,693;
18.471
10,156'
10.297
33,500
29.538
70, 597
53,493
514,413 432.601
53.944
53.944,
40,110
158,393' 140.135
158,393
46,992
46,9921
20,676
74,692
69,409
4,360
1.468
8,506
9,838
23,643,
24,057
202,624' 190,584
73,967
53,829
28,204
23,602
9,801
7,742
Gr.B.W.&St.P. Juue
Gulf & Chicago. Seiitemb'r.
Housatonlc
July
Humesfn&sUeu Septemb'r.
Ill.CeB.(ni.&So.
.August
Cedar F.,!iMln. August
Dub. A- Sio'xC. August
Iowa lines
'
Total
ii
11....
Ioa.Dee.&Wesi,
August
August
Septcmb'r.
Iowa Ceutral... Ith wk Sep
Iron Railway... Septemb'r.
tnteroc'uic (Mxi July
J'k'nv.T.&K.W. July
Kauawha&Miili 4tU wkSep
Kan. C. CI. A.Sip 4th wk Sep
K.C.F.S. A Mere. 4th wk Sep
K.C.Mem, ikBir. 4th wk Sep
Keutuckv Cent Septemb'r.
Keokuk & West. 3d wk Sep.
Kingst'n & Peni. 3d wk .Sep.
&L.. August
Kno:x,C,G,
Knox. & Lincoln
UEneAlLASn
July
Septemb'r,
L.ErleA West*. 4th wk Sep
16,067
215,224
827,117
34,964
Oin.K.&Ft. VV. 4i;h wk Sep
Other lines. .. 4th wk Sep
lines. 4th wk Sep
3rand Trunk. .. Wk Oct. 4
Chic AGr.Tr WkSept.27
Det.Gr.H.AM WkSept.2Total all
66.902
451,007
31.04^
208,73!
80,416
62,163
5,671,010
1,534,549
40.-201
1,801.732
22,074,653
2.303,7
19.475,164
17,345,3
2-20,610
12,531,453
3,208,966
3,203,963
4,141,702
1,161,247
48,660
491,529
3,270.035
1,419,002
908,515
474,888
416.819
6,489,289
15.201
428.833
627.853
352,999
9,680,448
398,168
16,337
190,193
81,725
.
50,416
4,401,574
1,527,689
40.337
1.431,059
21,254.991
1,933,027
18.480,547
15,953,467
195,363
12,121,775
2,067,521
2,3-29,10,1
3,822,845
1,020,345
'4S',337
449,800
2,796,313
1,334,508
719,818
397,761
395,702
5,644.102
13.593
394,302
554.59H
275,821
9,224,047
231,838
196,357
1,401,289 1,211, ISI
2,149,061 1,799.408
16,994
19,571
102,183
63,316
361,434
359,391
6,480,370 5,901.8i:i
85,195
45,459
161,219
131,254
411,149
387,547
898,201
824,219
1.711,720 1,461.758
3,184,003 2.004,178
320,579
278. 99S
5.220,088 4,280.122
318,766
129.776
i'i.iQi
217.-i57
766,078
4,717,645
2,201,719
860,271
"S',444
227.648
680.452
4,304.520
1.764.118
813,437
L.8h.cfeMich.So. ,Tuly
LiebighA Hud.. Septemb'r.
Bock & Meui. 4th wk Sep
Long Island
Septemb'r.
Loiirs.&Mo.Riv, July
U>uis.Ev.&St.L. 4th wk Sep
U
Louis v.&Nashv.
Hh wk Sep
wk Sep
Louis. N.AACor July
Louisv.N.O. AT. Ist wk Oct
LOH.St.L.&Tex. 4th wk Sep
Lyncho.ADur'u) Septemb'r.
-Memphis &Cha> 3d wk Sep.
[Mexican Cunt... 4th wk Sep
;.Mex. National
4th wk Sep
Louls.N.AACh.
1th
[Mexican U'wav WkSept.27
&C. So. July
Mil.L.Sh.AWesi Iht wk Oct
•Milwaukee AN(» 3<l wk Sep.
.Mineral I4.ange.. Seutcmb'r.
Mlnncap. A'St.l,. Septcmb'r.
.M.St.P. &8.8.M. Septemb'r.
Mo. Kan. & Tex. Septcmb'r.
Mobile (feUirm.. 3d wk Sep.
Mobile i&Ohio.. Septemb'r.
Mich. C.
MontercyAM.G .August
Nash.Ch.&St.L. August
Nat.ReaR. &T. July
N. Jersey &N.Y. August
New
Orl.
&
Gull Septemb'r.
N. Y. C. & H. R. Septemb'r.
N. Y. L. E. & W. August
N. Y. Pa. A Ohio July
N. Y.&N.Eug.. August
N. Y. &NortU'n. Septcmb'r.
3.341
120.010
09,931
70,849
12,539
5.822
89,230
414,611
70.387
26,052
27,201
2.8:i0
147,691
17,000
,220.490
8,587
175,407
183,994
,409.484
135.292
52,959
2,810
121.000
30,091
10,8510,121
115,207
29,905
105,020
8,134
3,151
16,391
18,068
6,357
91.815
,701,812
33,479
10,692
403,176
31,352
44,917
490,920
75,998
1,167
05,999
10.002
13,000
41.084
134.048
98,627
82,000
,193.764
83,057
35,930
12.0011
152.435
107.099
736,558
5,931
282,637
44,371
355,668
2,140
20.939
11,992
,215,886
,798,618
1889.
~»~
1,299
99.304
28.721
57,791
12.8'
5,518
76,174
443.845
70,308
29.988
23,181
3,709
113,19:
Jan. 1
to
Latest Date.
1890.
1889.
*
*
33,,146:
17.530
981,,392
891.855
458,,953
179.208
1,980,,816 1,710,186
350,,051
334,1.50
163,,105
152.023
2,494,,002 2,202,900
15,187 ,773 14,937,303
2,702, 891 2,594,308
817,,722
763,955
171,,046
135,414
30,,003
30,724
,
86: :,693
118,,389
035,990
103.902
,207,549 9,001,,513
8.523
60,,828
148. S40 1,198,
1,184
157.30
1,-2591,012
.361.912 10,259 ,.527
137.490
328, ,722
30,021 1,193, 552
3,528
27,,458
8,730, s72
59,:! 19
14,60ij
70,-253
912,
:.402
28,264
0.421
6,023
113,095
20,608
101,853
7,814
3,619
342:,018
16.533
5.5
80.326
.591.928
24.095
11,061
363, 3SS
41.207
32,16-j
491,331
68,S16
1,141
60,733
12,474
2.300
37,137
151.543
73.363
66,527
,145,443
77,401
30,155
9,973
145,018
1611,253
719,101
6,131
239,101
247,,394
298,.690
3,518, ,567
800,.775
794,
:,818
250,,700
121,,699
1,062,987
1,122,336
9,853,208
290.123
1,065.290
31.138
57C.057
318,294
204.600
197.560
3,444,309
709.153
758.226
237.SS9
135,172
115 196
50 209
93,421
44.992
2,079.934
2,258
11,6_ .661 10.421.023
203.079
203 ,257
402.691
392 827
2.716.:!90
3,023 .143
233.501
228 ,197
348.245
946 ,(;36
14,030 .188 12,993,332
1,901 ,003 1,802,(182
6,096
7 ,706
2,037 ,057 1,907,047
,'zl8
237 ,222
73 ,315
1,306, ,554
4.019, ,537
2,739! ,079
3,015, ,541
8,030 764
2,980, ,919
1,105 ,784
90, 711
1,046 ,565
1,451, ,428
5,982, ,970
167! ,952
2,423 ,273
1,191,060
4,566.407
2.720.101
3.115. (141
7,378,143
2,038,389
842,307
81,315
984.017
930.030
5,306.205
144,563
2,146,916
298 ,524
328,640
1,446
26,215
13,295
,392,298
,778,708
2,292,750
14.852
157.238
118.325
26,796 85126.525,347
19,027 ,119 17,513,730
4,018 ,5(!7! 3,493,768
3,897, ,930; 3,623,620
441,255
394 929|
1,681 1081 1,442,822
887,098
1,007 972;
5,244, ,052 4,384,245
363,809
424 ,573
4.390 532 3.847.190
17,185, 905 15,758,341
3,084, 207 2,947.079
157,270
168, 544
8,341
7, 119
2,400 ,471
13 ,965
174 ,076
104 647
578,570
537,443
52,925
N. Y. Ont. & W.a 4th wk Sep
54,403
N.Y. Susq.&W.. August
145.865
Norfolk A West. 4th wk Sep
133.016
N'the.ast'u (S.C.I July
33,094
North'n Central. August
583,080
Northern Pacillc 1st wk Oct
529.058
82,435
Ohio & Miss
4tli wk Sep
20,032
Ohio & Northw.. Septemb'r.
937
884
Col. & Maysv. Septemb'r.
400.3-57
479, 490
17,061
16,228
Ohio River
3d wk Sep.
370,622
393, 931
54,077
46,727
Ohio Southern Septemb'r.
97,463
144, 603
7,441
0,300
ObioVal. of Ky. 4tn wkAug
310,041
400, 50!
52,182
52.667
Omaha & St. L.. August
435.143 413.671 2,931, 264! 2,814,111
Oregon Imp. Co. August
Pennsylvania .. August
,930,335 ,993,964 43,263, 834 39,239,876
543,232
509, 590
21,2521
21,118
PeonaDecj.&Ev. 4th wk Sep
323,612
308, 948
34,968
Petersburg
39,811
August
434,833! 489.131 3.325 859; 2,931.025
Phila. & Erie... August
13,3-27 215 12,175,780
,821.703 1 ,901,599
Phila. & Read'g August
616,049
570.730
40,453
74,672
147,812
146,800
37,662
553,698
616,636
79,382
23,595
.
Coal & Iron Co. August
Pitts. Cin.&8t.L.
Ch.
Pitts. Mar.
West'n
Pittsb.
&
&
June
August
July
Pitts.Clev.&T. July
Ktts.Pain.&F.
Total system
Pltt.Young.&A.
Pt. Royal A Aug.
Pt.Roy.&W.Cui.
r'res.ifc.^riz.Cen.
QulucyO.&K.C.
Rich.&Danville.
Vlr. Midland..
Char. Col. &Au.
Col. <fc Greeuv.
West. No. Car.
Georgia Pac
.
Wash.O.AW..
Ashv. & Spart,
Total Sys'm.
Eich.
& Petersb.
July
1st
wk
Oct
August
July
July
Sopt«mb'r.
Septemb'r.
Septemb'r.
Septemb'r.
Septemb'r.
Septemb'r,
Septemb'r.
Septemb'r.
Septemb'r.
Septemb'r.
4th wk Sep
August
4th wk Sep
Rio Gr. West.
Rome W. <k Ogd. June
Sag.TuscolaAH. Septemb'r.
8t,L.A.AT.H.B's 4th wk Sep
St.L.Aric.&Tex. '4th wk Sep
St.PaulAUurth Septemb'r.
8t P.Min.A .Man. Septemb'r.
East, of Minn. Septemb'r.
MontanaCeut. iSeptemb'r.
Total Sys'm. Septemb'r.
B.Ant.&Ar.Pass 3d wk Sep.
(kFran.c&N.Pac 3d wk Sep.
Sav. Am. & Slon. |Septemb'r.
8ciotoVal.&N.E. August
Seattle L. S.
A
E. 'Ist
wk Oct
,747,8472,,104,682
477,476| 369,539
3,118!
2,077
123,989' 120.399
39,715'
43.698
26,984
24,612|
49,151'
42.182
131,088' 127,721
21,271
19,634!
19,009
25,203
12,972'
8,195
24,495
21,925
13,480!
216,0351
485.000
205,800
71,424
63,578
71,788
123,875
14,759
11,895
271,050
25,5-20
24,812,
512,400
209.500
77,300
67,000|
80,800
167,950!
16,9.50
71,100
320,903
10,744
36,390
129,944
3,000,850 2,631,866
13.534
23,985
799,908
832,123
287,089
273,726,
169.147
158,233
1,705,790: 1,676,983
753,897
933,168
173,297
185,422
198.858
219,950:
94,080
90,088'
182,660
182,019
4,20e,398i 3,949,30»
1,092,689 1,554,914
629,213
661,900
503,196
592,621'
647,490
697,761
1,380,919'
109,4021
105,539
9,507.^38
229,763
978,747
92,633
88,999
8,444,554
194,214
50,900 1,333,9741 1,082,'279'
281,3791 1,871,487! 1,539.283
82,016
76,859
774.037
936,563
2,700,107 2,410,714
904,303
1,054,897
158,553!
959.678: 6.454,637 5,541.461
1, 097,399!
282,183
485,532
76,062
304,153
616,158
800,377!
79,376
109,875
311,4271 ,115,115 7,740,547 6,439,818
875.462
44,710 1,127,248
,50,279
553,114
519,890;
18,209
19,138
93,035
254,542;
15.7031
43,68y
416.341
456,531
00,749
69,763
-206,361
6,826l
3I8.359!
9,650
9,066|
36,968'
142,639
139,066
..
..
OCTODKH
.
1
..
..
.
.
.
THE CHRONICLK
11, 1890.J
ROAOt.
'
325,531
.370.1(13
113. im
411.71(i
i.MM
N. V
2;t.(i:ti
17-.M
11
l.l2l.l:t:.
Xi'l il.i. ;dl..
80. I'm: Ki;.—
IM',
2,406.3.-.2
073.3J1
"
3.1ilJ,3'J(i
93.KM1
lJ2..l,->
1.209.1103'
1
S,( 139,1
7.326.017
>.",!)
.(l."i<i.72.'>
I
July
il.l
24.0.201
234,203
July.
JuH-.
:C:it.:
.
'
7.TI.
3.3.IU.
3.^73,078 22.1190. i^lKl' :.171.32((
I,4>j3.7tl0 4,210,118 30,12S),833 29,497,367
3.3r,ii,o;i
.Nil.
2,0i»O,H32
91. ."..10
34i.9'.>7
H,ll7ii
I.M.IT.-.
1137.3 111
f>i9,.'-i.Ki
.527.201
1,246,138
3.611.019
i:il),l.->()
124.170
l.l.M.s;i2
1,182.16.-.
3. W7..-,(;l
1.0') mm:;
Mem,
MlehlKan....
KaMWlia A
Kan. City Clin. A Hnr. ...
K jin. Oh- Ft. 8. A >lpm
.
A
l.ltlle Hock
Mi'iniihl.^..
l.'iultv. Evansv. ,1- 8t. L.
'1'
l,.'i-.7
(;(i-j,707
.' 1.1
127.111
70r.i;.:(i
661.:!.!,
14.9.14
41.3061
37.200
02,437
70.483
4.189
636,871
0S8.38O
37,428
772.3211
'>!
rptiMiib'r.
18.'i20
15,.571
ISl.l.TH
527.761
47,912
131,337
I'l
ptc'iiili'r.
« k Hop
Oct
229,577
wk Oil
wkOft
7,3i:i
219,174
21.372
5,994
27,200
7,920
29,411
28.842
2,915
itli
M. l»t
wk
in., 1«I
C'rllt.
'lliii
1st
Tul.,\s...ll,ivcu. Soiitcinli'i'.
VM.T^fe Del.... July
Onion Piicitlc—
699.268
404..'>4g
wk
8t.Jc..,VliMI,l. all
Sep
;.
ruly....
Alloth. lin.s.. July
_
11,814
527,H6J
fll.l':ii'.l>,,Vl
August
.
1.030,31 s
3,873,911
. .
I
Ceut.Br.A-L.L.Ijnly
OS.
Tot. coiiflcd July
Ma
3,903.511
86.831
2.137
2.661
July
llu..
I,<>av.To]i.&8. .luly
Man.AI.A- Bur. July
Joiut.nwnM.ia July
45,824
3,949,335
217,837
Vermoni V'allcv .August
20,130
W'.ilMsli
1th wk Sei) 384,405
Wall, f 'liest.AW. Auifiisl .
6.430
WestiMn of .Alii.iSepti'inh'r.
53.173
West Jersey
Auj-'ust....
237.701
W.V.Ccn.&Pltts. AugiiBt.
93,828
We.^i.N.Y. A- Pa. 4th wkScp
97,800
WheclinKit L. £. l.->t wk Oct
23,613
«"il. (.'ol. & A'lf?. Julv
56,9>)6
\Ms(i.u.«in Cent. 1st wk Oct
110.829
Wri','htjr..tTeu August.
7.154
firnnil IdtHl.
July
C.'^'kYil.i.iT.Co August....
<
.
Wayne
236,9H4
1,111.132
77,714;
1,3 1-1 ,90-;
73tl,:ij;l
l-^O.-^iiS
UOO.K!)
I
71.011I1
Ul week of October.
1S90.
4,903
51.439
243.379
70,394
9S,ir.0
19,498
49,451
93,559
6.338
Toledo
2,435,707
2.221,640
Texa-s.
est.
ACiuchinatl....
&
Ohio Central...
W heellns? A Lake Erie.
W isconsln Central
.
Total (16 roads)
Net increase
*
63 p. o.)
(9
.
For week endlni; October
The
1889.
101,468
031.344
160.300
443,815
60,733
77.461
529,058
42,182
6.826
21,372
5,994
27,200
19,498
93.559
Pitt.sburK & We.-itcrn
Seattle L. 8. A: Eastern..
Toledo A. A. A So. Mich.
Tol. Col.
•
107,588
673.000
184.000
414.611
05.999
83,037
616.636
49,151
9,650
22,531
7,313
33,729
23.613
110,829
Denver A Klo Grande...
Orand Trunk of Canada.
W
385,327
1,140.275
606,344
2,671,098
880,074
349,867
3,925,122
54,567
3"70,''283
1,063,341
487.804
2.339.473
676,133
489.133
3,126,983
43.353
Increase.
Decrease.
$
$
6,120
43.656
23,500
ifh week of September.
Louis ,t
S.
J'tly
1890.
Frau. sys.
owned
& Ohio South w
Buflalo Koch.
Hj.
A Pins...
liurlindtoii C. E.
iNo...
anadiau PaclHc
L hesapeake & Ohio
Chicaco At East. lilinoi-i
•ChliaKO & Grand Trunk.
(
.
Chicasro St. P.
^llil•a^'o
A
K. Citv.
AWe.tMich
Ciniiniiall Jack.
A-
Mack
Ciu.X.O. AT.Pac.(5 roailii)
Cleveland Akron A Col.
.
Cleve. Clu. CUic.
A
A
A
lolpdo Col.
A
Cincinnati.
Ohio Central...
A Western.
WaliasU (cou.sol. system).
Western N. Y. A Penu. ..
1889.
A 8t. L
..
Peoria A East ern
Colorado Midland
Bay C. A AliK-ua.
Detroit Or. Hav. A .Mil..
Detroit Lans. A .\ortU.
Detroit
. .
2l5.31t
.33,356
61.843
63,628
122,577
499,000
200,909
72,298
70,387
117,197
38.023
19.867
278.963
24,009
409.893
48,697
52,700
10.156
36.052
33.500
199,143
32.666
53,907
46.040
89,396
468,000
178.160
64.831
70.808
9S.103
36,254
l.i,679
247.733
17,568
360.624
43.847
44.178
10.297
20,988
29,538
Total (84 roads)
9,780.000
Incrensc -1 1 40 p. e.
«For week ondlu); September 27.
I
.\ e t
)
The following
results for
a
a comparison of the weekly
weeks i)ast
WEEKLV (iROtB E4[RNI\-0!).
will furnish
of
serie.s
.
— Inereate
.
rrriod
and number of
week
or
June
243,301
214,067
29,234
Increase.
fl3C.315
79,248
20.698
16,175
20,690
7.936
17,588
33,181
31,000
22,749
6,0ST3,005
6,118,033
6,062,715
421
19.032
2.669
4.188
31,228
6,441
49,260
4.830
8.522
5,.513,078
P.
,
et.
583,505 10-65
632,805 11-88
9-97
540.037
528.399
7-7a
9-21
497,766
331,461
9-itft
619,726 10-60
886,793 10-6S
466,300
7-4S.
9-61
040,639
5-41
363,916
2-99
286,540
595.501
5-8»
407,970
335,239
7-5a
week of June (86roads). 7,.338,712 6,830,313
1 .5t week of July
(83 roads)
5,901,211 5,403,445
2.1 week of July (86roa<l8).
6,207.527 5,676,066
3d week of July (86 roads)
6,465,112 5,84.5,386
4th week of July (88 roads), 9.199.030 8,313,137
l.-it week of Aug. (89 roads).
6,725,383 6,259,283
2d week of Aug. (89 roads)
7,303.921 6,603,282
3d week of Aug. (88 roads). 7,095,00 i 6,731,056
4th week of Aug. (88 roads). 9,804,371 9,577.831
1 St week of Sept. i87 roads).
7,253.5J3 6,653,009
2d weekot Sept. (87 roads). 7.366,658 6.938,688
3d week of Sept. (91 roads). 7,6-1,874 7,136.615
4th wtck of Sept. (84 roads). 9,786 qOO 8,779,540 1,006,460 11-48.
9-63^
1st week of Oct.
16 roails)
2,435,707 2,221,640
214,067
8M
(
Net EuruingB Monthly to L:» es Dates.—The table following shows the net earnings reported this week. A fulV.
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in thesecolumns, and the latest statement of this kind will be found
in the Chronicle of September 20.
The next will appear ia
the issue of October 18.
—
Oroas Earnings.
1890.
1889.
&
$
8.
owned,
.
.
.«
Fc.Aug. 2,763,615 2,38 -',673
-Vc/ Earnings.
1889.
1890.
*
894,353
>
»
839,86t
do.
1,59»
130,478
109,778 def. 1,471
892.884
841,459
Total
do. 2,894,092 2,492,451
272.341
277.403
St, L. A San Fran.
do.
607,443
.378,901
2,502
3,538
J'tly owned (^a)
do.
127,304
107,001%
275,939.
279,906
Total
do.
685,902
734,806
Grand total... do. 3,628.899 3,178,354 1,172,791 1,117,396
Atch'n.Jan.l to Aug. 31. 19,673.899 16,009.095 5,755,843 3,758,729
123.366
8,413
do. 1.066.346
964.298
J'tly OHued( Hi),
Total
do .20,740,243 16,973,385 5,879,210 3,767,12ft
St. loois A San Fr.
do. 4,038,794 3.640.239 1.652,237 1.539.337
Atch'n.J'lyltoAug.3l. 3,181,401 4.324,3.30 1.460,909 1,290,150
220.2;h9
11,735
ft
do.
262,147
J'tly owuedCs).
Total
do. 5,443,517 4,544,389 1,481,044 1,290,154
331,435
517,145
do. 1,162,916 1,083,478
St. L. ASan Fr.an.
17.918
3,649
do.
256,624
214,905
J'tly ownedCs).
320,794
549.352
do. 1,419,539 1,300.383
Total
Grand total... do. 6,863,087 3.844,973 2,030,997 1,810.95a
I5g,2.30
84,008
674,652
570,773
Central of Geor>,'la..Aug.
86-1.770
885.594
Jan. 1 to Aug. 31... 5,142,103 4,580,234
•228.242
•170,494
July 1 to Aug. 31... 1,270,609 1.152,574
32,744
53,919
121,321
139,334
Chic. & West Mich.. Aug.
237,731
372.035
906,982
Jan. 1 to Aug. 31.. 1,023,006
14.595
21.346
43.43 J
33,376
Clevel'd A Cantou..Aug.
273,v24
86.804
118.330
352,9<0
Jan. 1 to Aug. 31...
26,630
41.017
S0.341
103.62v;
JiUy 1 to Aug. 31...
A
(h).
Xorth.Aug.
11-2,495
Jan. 1 to Aug. 31...
783,234
223.024
102,722
717,033
193.762
48.790
244.312
63.214
548,695
111.480
H31,h35
200.601
38.930
24 H, 127
895,608
& Pere Marq.. Aug.
Jan. 1 to Aug. 31... 1,971,361 1,574,996
439.212
403,336
Kan. C. Ft. S.A .Moiu..4iig.
Jail. 1 to Aug. 31... 3.124,872 3,05s,-j70
82'J.2J3
774,081
July 1 to Aug. 31...
197.S18
231,306
LdUIsv. N. O. A Tex. Aug.
Jan. 1 to Aug. 31... 1.707,647 1.619,750
Aug. 2,120,666 2.0J1.471
Norttiern Pacific
Jan. 1 to Aug. 31... 14.091,119 13.103.3^»2 .5.318.422
Aug. 31... 4,133,982 4.016.866 1.701,903
July 1 to
PUnt
141
3,936
3.9e"2
5,499,500
5,493.248
1th
Det. Lans.
7,467
$
(83 roads).
l«t
Amount.
«
1889.
2d week of June (83 roads)
3d week of June (83roatts).
J'tly
•
1890.
roailt
in^iitdett.
Atch. Top.
4.
. .
Roads
A
.
Koatis
final
Prev'ly rcport'd 14 roads) *3.187.628 *2.753.926
At. Top. A 8. F. system
906,365
827,117
Eoa<l8.rtl,Towne<l ^..
34,153
33,455
St.
I
.--1
29.234
5,266
7,396
116,978
6,969
2,824
1,159
1,319
6,529
4,115
17,270
statement for the fovu-th week of Septem her cov*
ers 84 roads and shows 11'46 per cent gain.
Bait.
1,. Alt. A T. H. Brchc«.
l/iuls Ark.
Toxa». .
Mtlle L. S.
Eastern.
Texas
Pactflc
~t
s
TolcdoAuu A.A Xo.Mlcli.
$
'Cent. Vermont (3 roads).
CbuaKO Mil. J:St. Pivul..
4:
.
Ti.lcflo
cent.
&
Atvaiiav.
.'Stem
18 roads)..
liiu Griiuile Westi'iu
St. Joseph A Gr. Island..
....
1
728,123
16.831
Latest Urosu Edruiu^^ by WeBa?.— THe latest weekly earnings in the foregoing table are separately summed up as follows:
For the first week of October only 16 roads have yet reixirtetl, and the aggregate for these shows a gaiu of 9-63 per
Lonisville N. O.
1
'
167.408
•
.
Milwaukee L. Sh.
Northern Pacific
-ll.nl.^..
I'M
Kii
1.116,789
19.039
199,632
&
Ciu.
Iwav
M.AWeiit..
673..-;ti.-i
Louisville included for both years siuoe July 1.
a Xi-w coal extcu.-sion openiled since July 21 In 1890 aud Utica Cliuton A- Hinf?. included for both vearj since Julr 1
ij Main Line.
: Mexican ciirrenev.
t Figures arc foi>29 days.
Ft.
''
•^
690.6:2
650.4641 4,222,828 3,.309.2ol
404.824 2.330.914 2.371.933
25,814 1.013.390
800.790
397 287 3.166.30M 2,397.913
2.038,2.'54 13.162.393 ll,309,.3OO
3,7^6.677 27,613.02(i 21.201,031
6,30.271
52,477
3
3,620,105 24,389.383 20.860,247
39,462
315,174!
403,003
le.Osl,
2.498
lli..3J6
2.614
19.021
18.170
273.8^8
32.287
il9,033
3,658,392 24,683,270'21,O79.299
191.222 1.720.873 1,433,01
20,308
123,073
123,111
301,4 13 9,371,024 9,380,989
.
.
*
42,2761
4,888.630'
884.3721
N'ii'iiinl
iTi
-..
Tnleilo Peoria
Or..S.L.AU.N. July
Or.Uy.AX.ro. July
MontauH
l!
33.729
8.979
2H.I30
35,950
2.770
47,849
Toi.v O.CV11.K.V. Hei>tciul)'r.
T..1. I'. * West.. lili wkS*-])
T..l.si.I,.AK.C. Ith wk Si'P
Tot. U.l'.fjy.^.
N. Alh. A Obli...
xlean Ci'nfrul
.iiisv.
I
15.127
97,297
«2,040
5,543
..i^nM....
.
ANanhviUo...
Limisvill.
t'.H.7:i.')
70.T(il
.
KituDas l^ .Mem. A IIJrNi.
l.ako Erie A Westnrn
34481
174,239
65,034
483,661
163,210ev
973,909
288,332
44,795
411,299
948,201
S,218.03V
1,731,131
..
.
THE CHRONICLE.
492
-Gross Earnings.
Net Earnings.
1890.
1889.
.
1890.
1889.
74,664
432,946
61,744
357,673
Iloadt.
Ohio River
Aug.
Jan. 1 to Auk. 31..
40,615
196,493
35,879
164,579
OreKOn Imp. Co
Aug.
435,143
413,671
105,070
105,071
Jan. 1 to Aug. 31... 2,931,264 2,814,111
493.669
451,455
Dec. 1 to Aug. 31... 3,261,907 3,149.695
468,500
493,900
Philadelphia &Eric.Aug.
434,835
210,9.33
489,131
135,022
Jan. 1 to Aug. 31... 3,325,859 2,931,625 1,044,272 1,137,981
Eio Grande West'n.Aug.
187,457
53.909
140,008
73,765
Jan. 1 to Aug.
July 1 to Aug
South Carolina
Jan. 1 to Aug.
July 1 to Aug.
31...
31...
Wabash
Aug.
937,379
335,001
323,190
281,534
143,747
122,463
123,942
98,079
33,410
22.971
920,834
821,513
170,551
313,343
227,521
194,740
44,064
66,742
1,194,406 1,314,.590
447,312
370,788
8,377,389 8,155.173 2,083,009 1,865,452
3,504,217 3,668,705
780,996
705,251
31... 1,148,024
31...
361,579
Aug.
Jan. 1 to Aug. 31...
July 1 to Aug. 31...
* Including investments.
Net earnings from July 1 to Aug. 31
$232,934, against $183,285 last year.
July
1 to
Aug
31...
22,859
154,036
26,242
210,248
46,820
360,641
95,264
184,393
21,521
162,994
26,242
221,820
30,228
244,194
91,733
175,936
11,223
31,060
217,999
74,737
22.548
7,939
34,263 def 47,590
34,806
16,394
239,467
188,054
71,478
16,216
112,396
16,211
ANNUAL REPORTS.
Mobile
&
Oliio Railroad.
('For the year ending June 30, 1890.J
The report of Mr. J. C. Clarke, the President, is given
some length on subsequent pages. Mr. Clarke, formerly
at
of
the Illinois Central, is one of the well-known railroad officers
of the country, and he can look with some satisfaction upon
the results shown by the recent report of the Mobile & Ohio.
The tables of operations, earnings and income were given
quite early, in the Chronicle of Aug. 9, on page 170, and the
comparative balance sheet wiU be found below. The report
has a number of excellent tables, and the following, condensed, shows the traffic and earnings for ten years
FBEIGHT AND PASSENGER TBAFFIC FOE TEN TEARS.
:
—Passenger.Tears.
Fass. Miles. Rate.
1880-81
11,312,655
""
12;409;i25
13,335,825
15,267,220
20,197.865
13,961,735
12,660,403
12,234,968
13,879,569
14,519,358
tion of lines, §84,806 for equipment of offices and wires; whilst
there was a decrease in taxes paid of §23,269, and for rentals
paid for leased lines of other companies, a decrease of 110,383
caused by the purchase of §2,767,000 of the securities of such
companies, on which rental was being paid. The maintenance
of 5,163 miles of additional line and 31,300 miles of additional
wire, the equipment and operation of 912 additional offices,
the handling of 1,770,436 additional messages, necessarily involved increased expenses.
But the management is to be
congratuluted on the exhibit of so small an increase in expenses as compared with the largely increased revenues
shown.
"
lines of all classes of
ous year.
Roarls.
& West Mich.. Aug.
Jan. 1 to Aug. 31...
Dct. Lans. & North. Aug.
Jan. 1 to Aug. 31...
Flint & Pere Marq..AuK.
Jan. 1 to Aug. 31...
Kan. C. Ft. 8.& Mem. Aug.
lil.
The revenues derived from the transmission over the land
messages which enter into the accotmt
of the number of messages stated in the table which follows
were §18,203,014, which, on 55,878,762 messages make the
average tolls collected per message sent 32-4 cents, against an
were average of 31-2 cents per message collected during the previ-
Interest Charges and Surplus.— The following roads, in
addition to their gross and net earnings given above, also
report charges for interest, &c., with the surplus or deficit
above or below those charges.
r-Inter't, rentals, eCc—% ^Bal. of yet Earns.1890
1889.
1890.
Chic.
[Vor.
Freight.
Eaminqs.
,
'•
Tlie expenses pertaining to the message service over
land lines were $12,674,115, which make the average cost per
message 22-7 cents, as against a cost of 22-4 cents the previous
year.
" These are not respectively the average tolls and cost per
message of ten words, but for the messages as they run, without regard to length, except as to the press messages, which
are counted at thirty words to the message."
* * »
" The additions to theplant during the year wt-re 5,163 miles
of line and cables, 31,300 miles of wire and 912 new offices at
a cost to the company of §1,778,314, which was paid out of
the surplus earnings. Thi^ included, however, two new ocean
cables from New York to Canso, Nova Scotia, for connection
there with our Trans- Atlantic cables at a cost including equipment of something over one million of dollars. There was
also expended during the year out of the surplus earnings for
the purchase of stock of telegraph companies operated as part
of the system of this company, §138,868. making the total cash
expenditure for new property §1,917,182." * * »
" There has now been expended in cash out of the surplus
earnings for the construction and purchase of additional lines
and telegraph properties since July, 1866, $27,653,357 the proceeds of §1,000,000 of bonds applied especially to the erection
of our buildings in Broad Street and Twenty-third Street and
Fifth Avenue §28,400,000 in stock paid for the purchase of
the American Union, the Atlantic & Pacific and the Baltimore
& Ohio properties, and the proceeds of §8,128,000 of bonds
applied to the purchase of stocks of telegraph companies
whose properties are leased to this company, making a total
of §65,181,357 which has been exjiended in the plant in the
past twenty-four years. On account of the $27,653,357 of
cash investments in new property, §15,526,590 was capitalized
by the issue and distribution of that amount of capital stock
to the stockholders in 1881 and §1,200,000 in 1886, leaving
nearly §11,000,000 of surplus earnings invested in the plant
that have not been capitalized. The stock distribution of 1879
was simply a distribution of stock which had been purchased
by the company and lield in the treasury, the cost of which
purchases have been charged off, and do not enter into this
statement of moneys expended in the plant."
The results for three years were as follows, compiled for the
;
;
Mile Tont. Rate.
Eaminaa,
~$416,126
86,956,914 206 $1,791, .^02
1881-82..
401,701
75,184,535 215
I,fll7,<i32
1882-83..
427,999
75,330,860 2-23
l,7]i>.339
1883-84..
413,094
87.024,793 1-97
1,712,933
1884-85..
433.895
89,732,465 1-70
1,526.494
1885-86..
338.772
97.734,678 1-50
1,4^1,097
1886-87..
342,891 113,378.057 1-29
1,464,171
1887-88..
309.041 141,349,038 103
1,459,596
1888-89..
320,049 16(>,918,608 0-97
1, .572,880
1889-90:
340,330 191,151,998 0-92
1,766,494 Chronicle
At the end of the pamphlet report is an interesting list of
1887-88.
1889-90.
1888-89.
the directors in chronological order from 1848 to 1889, showing Revenues for the year
$19,711,164 $20,783,194 $22,337,029
Expenses—
tho continuous existence of the company as one of the promiOpi-raiiug and gen. exijenses.. $10,065,843 $10,515,185 $10,863,063
nent Southern railroad corporations
Rentals of leased liui s
l,H47.50»
1 ,94v ,486
1,637,126
GENERAL BALANCE SHEET JUKE 30.
Maintenance* rcoonstrucilon.
1,87S,533
2,035.126
1,988,653
laxes
355,878
333,568
310,298
Assets.
Equipment of oflloes & wires..
241,259
190,B58
275,164
1888-89.
1889-00.
^ ^ of road and equipment
,
Cost .
$32,287,789 $22,356,344
Total expenses
$14,610,592 $14,505,153 $15,074,304
Stocks and bonds owned
3,314,280
3,030,685
Profits
Lands, &c
$5,070,572
$6,218,041 $7,312,723
499 94^
501,500
Cash on hand and deposited
146,'603
Disbursements
114,622
Bonds on deposit in New York
131,760
$4,013,950
17,905 For dividends
$1,309,520 $4,956,008
Due from agents, railroads, &D
1
1771410
490,253
206,032 For Interest on bonds
755,686
875,135
Materials, fuel, &c
282,008
40,000
226,764 For sinking funds
39,[,'S3
40,000
3-67
3-23
3-21
2-71
2-15
2-61
2-71
2-52
2-30
2-34
:
:
.
:.
—
'.
Total
$36,839,791
$36,453,852
Liabilities.
Capita] stock Issued
Capital stock in treasury
Funded debt
.'?.5,320,600
Pay rolls, accounts, &c
Interest due and unpaid.
Interest accrued, not duo
.
Income account
and loss, general
Profit
Total
80,517
884,767
$26,839,791
Car trust
Bills and loans payable
$5,330,600
2,359,400
16,339,230
674,567
475,166
333,215
•77,380
35,000
58,306
780,987
$26,453,852
2,359 400
16,518,925
600.810
591,565
271.958
176,250
35,0'i0
Western Union Telegrrapli Company.
fFor the year ending June 30, 1890.^
The report of President Green says:
" Of the increased revenues, §1,363,928 was increased
earnings on messages of all classes sent over the land lines; §42,964
was the increase of rentals received for private wires; §240^000
was the increased revenue from cable service, and §132,502
was increased revenue from dividends on stocks in telephone
and other companies; whilst there was a decrease in revenues
from the Gold
Stock Commercial News Service, from election returns and other small items of §175,560, making the
net
increase §1,603,834.
" Of the increased expenses, §347,878 was for general
and
operatmg expenses, §110,197 for maintenence and reconstruc-
&
Total disbursemeutB
Balance of profits
Sorplus July 1 (bcgin'gof yr.)..
Balance of profits for year
$4,574,208
$496,364
$7,002,185
496,364
$5,105,188
$1,112,853
$7,498,549
1.112,853
Total nominal surplus June
30 (end of year)
$5,871,143
$1,441,582
$8,611,402
1,441,582
$7,498,549 $8,611,402 $10,052,9?4
table exhibits the mileage of lines operated,
number of offices, number of messages sent, receipts and profits for each year, 1805-66 to 1889-90, inclusive
Miles nf Miles of No. of
Tear.Foles C'bl's. Wire. OMees.
Messages.
Receipts.
Proflls.
1865-66.. ,37,380
75,686 2,250
1866-67.. 46.270
8.5,291 2,565
5,879,282
6,568,925 2,624,919
1867-68.. 50,183
97,594 3,219
6,404,595
7,004.560 2,641,710
1868-69.. 52,099 104,584 3,607
7,934,933
7,316,918 2,748.801
1869-70.. 54,109 112,191 3,972
9,157,646
7,138,737 2,227,965
1870-71.. 56,032 121,151 4,606 10,646,077
7,637,448 2.532,661
1871-72.. 62,033 137,190 5,237 12,444,499
8,457,095 2,790,232
1872-73.. 65,757 154,472 5,740 14.456,832
9,333,018 2,757,962
1873-74.. 71,585 175,735 6,188 16,329,256
9,262,6.53 2,500,920
1874-75.. 72,833 179,496 6,565 17,153,710
9,564,574 3,229,157
1875-76.. 73,532 183,832 7,072 18,729,567 10,034,933 3,399,509
1876-77.. 76,955 194,323 7,500 21,158,941
9,812,352 3,140,127
1877-78.. 81,002 206,202 8,014 23,918.894
9,861,355 3,551,542
1878-79.. 82.987 211.566 8,534 25,070,106. 10,960,640 4,800,440
1879-80.. 85,645 2S3.534 9,077 29,215.509 12,783.»!»4 5,833.937
1880-81.-110,340 327,171 10,737 32.50(..0lX^ 14.;193..543 5,908,279
1881-82. .131.060 374,368 12,068 3«,842,247 17,114,165 7.118.071
1882-83. .144.294 432,726 12,917 41.181,177 19,454,yd2 7,660,349
1883-84. .145.037 450,571 13,761 42,076,226 19,632,939 6,610,435
1884-85. .147,500 462,283 14,184 42,096,583 17,706,833 5,700,924
The following
:
rff
:
,
October U,
THE CHRONICLE.
1890.]
iUlctof Milrtnf \n.of
rcfir. roirt it (*Ma. Win-. (tlHri-g.
1885-atl..lM,S.xa 4«0.rt07 lA,l«'2
l^H'!-87..1.'\fi.8I* S24,6*l 18.659
1HS7-S« 171.:i7« «lfl,V48 17.211
lH>S-89
itetmjft.
43.28»,8l>7
„
47.394.SS0
51.163.055
847,607 1«.170 54.1U8..^2A
078,997 19,332 53,878,702
17H.7.'M
1839110.. 1S:1.017
,
^
^,
ProflU.
.
Rrerlntt.
f 16.a«*.63* fS.91»,855
17.191.0(9 4.037.280
19.711.161 8.070.571
2i>.783.l94 0.218,041
22,387,029 7,312,725
time the annual report contains a balance sheet,
which U given below. Of this the President remarks
"The general statement, which h:\sbppnafeature of the
annual report for a nuin'ier of years, from its covorin;? so
long ii iH'rioil anil inohiding inve-itments that have been capi-
For the
(ir-t
:
talized or distributed, lias
confuting to those who
mentri
from year to year.
growa cumbersome and somewhat
have not kept track of those
It
therefore,
is.
Btate-
substituted _bv a
condensed balance sheet, which shows the assets and liaoilithey stand on the books of the company, and at their
cost to the company. Many of these assets, and notably that
of stocks of telegraph and telephone companies, are worth a
ereat deal more than the cost at which they stand on our
books. Amongst the liabilities is an item of over two and a
quarter millions to the Gold & Stock Telegraph Company
which can scarcely be called a liability, since it does not become such until the termination of the lease of that company
ninety-one years hence." * • *
tias as
BALAHCE SHEET
JtTKB 30, 1S90.
Teleprnph Lines: stocks owned, of loaned telegraph
coiup»nle.4 tlmt. are juerded In
syoteni franchises, patents, &o
Western Union
Co.'s
$95,733,905
;
Eeal estate
Supnlles and material In supply departments.
8undr.v accounts receivable. Ac
Cash In treasury and In hands of agents (since remitted
8,129,000
7..58fi.932
2,903,883
394,474
1,807,147
902,615
404,457
to treasury)
Siuklug
fuu'd-< tor
redemption of bonds
$86,199,852
15,183,986
Gold It, Stock Telograph Co. for stocks of other companies, held throuKh lease of that company until 1981.
Sundry accounts payable, &c. (incluaing dividend payable Jnly 15. isho.)
Surplus of Income prior to Oetolicrl. 1881. appropriated
for construction and acquisition of telegraph lines and
(in excess of the $15,526,590 capital stock
Istributed in 18S1. on account of such appropriations
of income during the 15 years preceding.)
Sunilus of income subsequent to October 1. 1881, (if9.423.223 39). plus the portion of surplus of income
prior to October 1.1881 ($629,759 91), that was not
appropriated as above
Dnbnqne ft Slonx City— Cedar Falls ft Mlnn«iiota.— In
tim case of Morris K. Jesnp against IIk- IllitioiH Central
Railroad Company, the I)ubu(iiio& .Siiiux ('ily Kallroad and
the Cedar Falls & Minnesota liailroad Company, undin- a bill
tiled in the United States Ciicait Court, an opinion has been
handed down by Justice Harlan, of the Supreme Court, and
concurred in by Judge Blodgett. holding that, while the 1111iiois Central Company was not liable for the rent, the lease
between the Dubucjue & Sioux City Railroad Coni|)anr and
the Cedar Falls Railroad Company was a good and valid one,
and that under it the Dubuque Road was liable to Morris K.
Jesup, trustee for the bondholders of the Cedar Falls Road, for
the accrued rent now due.which has been ae|>08ited in Court,
amounting to over $800,000. The Court in this opinion distinctly holds that there was no fraud in the making of the
lease.
This case was argued last June for nearly a week before Justice Harlan and Judge Blodgett,
tlonston ft Texas Central.— In the attempt of Michael
Gernsheim & Co. to enjoin the Central Trust Company from
imposing the new assessment of $71'40 per share of $100, Judge
" The assessment Is not as burdensome as It appears to be. The rate
high, because the total amount of stock Ik coiuparatively small. The
Houston & Central Texas had a bonded debt of nearly $17,000,000.
and a capital stock of $7.726.900— less than ijilS.OOO of stock per mUe.
Had the amount of stock been equal to the amount of the bonded debt
the rate would have been about 31 4-10 per cent. East Tcnu. Vlrglnl»
& Geo. before reorganization had bonus outstanding of about $-12.000.000 (Including $16.5m),n0O income bonds) and a capital stock of
$44,000,000 (about $40,000 a mile). At the same mileage issue of
stock. Houston & Texas Central would have been about 'H\^ per cent.
Tho Nlokd Plate.' with about the same mileage as the Houston &
Texas Central, had a bonded debt of $20,000,000 and a capital stock
of $50,000,000. The latter was assessed 10 per cent. If tlie capital
stock of the Nickel Plato Road had been of the same amount as that
of the Houston & Texas Central, the assessment would have been
about 61 3-lo per cent."
$117,952,415
Funded debt
&
and Zanesvillo.
Is
LiaMtities.
Capital stock
eleven miles in length and connects the Oilumbiw ft Eoatarn
and Shawnee
Muskingum River diviiiona of the road. Qq
October 19 passenger trains will be put on between Sluwne*
Patterson, of the New York Supreme Court, has given his
decision denying their application for an injunction. Judge
Patterson, in refusing the injunction, says that the Trust Company has done its duty in good faith and has exorcised its
best judgment in passing upon the matters to be determined
by it in coanection with making this assessment.
In support of the assessment and as to its relative bearing
compared with others, the following statement has been made:
AntUl.
Stocks avil bonds of leased telei?rapli companies, received in I'xchanKC for collateral trust bonds
Stocks of not leased telSKraph and telephone companies, ami other securities
1193
2.261,200
'
2,653,210
Sroperty
—
1,598,181
Illinois Central. The stockholders' anhual meeting was
hold in Chicago October 8, and the following resolution of the
board of directors was approved by a stock vote of 255,144
shares (voted by Mr. Fish) out of 264,898 represented in person or by proxy at the meeting:
10,052,983
$117,952,415
" That tho capital stock of the
company be Increased from $10,000,to .$45,(100,000 bf a new issue of Ufty thousand shares, each
stockholder of record on the 20th of September, 1890. to h.ive the
privilege of subscribing, on or before November 1, lHi)0. at par, for
one share in respect to every eight shares registered in his name.
" Pavment for the new shares to be made in full on December 1,
1890, at the rate of one hundred dollars ($100) per share. Stockholders entitled to subscribe for fractions of shares shall, upon payment tlierefor, receive scrip convertible into full paid stock wnen presented in sums of one hundred dollars or multiples thereof. Sucli
scrip shall not draw dividends. "j
|>f^ <.<& r.Vd«M»kiitinc£ r'aKFKflBKRE
000
GENERAL INVESTMENT NEWS.
—
Atclii=on Topeka & Santa Fe. Vice-President Reinh art. of
the Atchison, says that the Atlantic & Pacific Co. has sold 314,688 acres of timber land on the line of its road at $3 per acre.
Large lumber plants will be erected by the purchasers to work
up the product for shipment, and this will ensure an increase
in earnings on long hauls of this traffic.
—The following bonds have
Trans-Contijjektal. — First
Callfid Bonds.
payment
Oregon
&
The small minority in opposition to the management developed no new points, but in their questions to Mr. Fish drew out
interesting points. In reply to a question as to who were
the holders of Illinois Central stock, Mr. Fish replied that in
1871 there were 335 stockholders in the United States holding
about twenty per cent of the stock, while to-day the United
States stock is in the hands of 1,581 holders, and amounts
to $18,817,900.
Of these, 114 stockholders, with 14,000 shares,
reside in Illinois. Great Britain contains 3,127 stockholders
with about 51 per cent. In Holland there are twenty stockholders with 6,000 shares. In addition to this there is a
financial company in Holland which holds 47.000 shares, and
re-issues its own certificates, which are probably held by 1,500
been called for
some
mortgage trust
be paid on the first day of
November, 1890, at 105 per cent of the par value thereof, with
accrued interest, at the oflSce of Messrs. Drexel, Morgan & Co.
No. 23 Wall Street, New York City. Interest on said bonds
will cease on Nov. 1. 1890.
bonds dated November
1,
1883, to
—
Canada Atlantir. The new bridge across the St. Lawrence has been completed. It is announced that the company
has issued $3,150,000 of first mortgage 5 per cent twenty-year
bonds, with interest payable in New York semi-annually on
January 5 and July 5.
people.
The following were elected directors by the usual large vote :
Oliver Harriman, George Bliss and J. W. Doane for four
years, and Charles A. Peabody and Norman B. Ream for
three years. President Fish announced that he had changed
his permanent residence from New York to Chicago, and that
ivith General Counsel Ayer, Messrs. Doane and Ream and
Governor Fifer, ex-officio, Illinois had five of the thirteen
—
Cincinnati Hamilton & Dayton. At Indianapolis, "William
P. Fishback, Master in Chancery, made a final report in the
United States Circuit Court in the case of the C. H.
D. RR.
Co. against William R. McKeen, President of the Vandalia, on
whom a demand for $889,500, with interest, was made. The
trouble grew out of the Ives negotiation for the purchase of
Terre Haute
Indianapolis stock. "So far as the evidence
discloses," Mr. Fishback says, " there was nothing in Mr. McKeen's conduct or dealings in the purchase of stock from parties in Terre Haute which was unfair or discreditable."
He
recommends that the complaints be dismissed for want of
equity.
&
directors.
&
Colorado Midland.
— At
the annual meeting at Colorado
the election of directors was postjxined to an adjourned meeting to be held Nov. 1. The recent
negotiations by the Atchison are said to have been with individual owners of the stock, and called for no action on the
part of the Colorado Midland directors; the accuracy of all
the published reports as to the terms of the negotiation is
denied by the officers.
Springs on the 6th
inst.
Colnnibng Shawnee ft HocHngr.—The last rail has been
on the extension of the Columbus Shawnee & Hocking
road and freight trains are ruiming over it. The extension is
laid
Great Northern.— At Tyler, Texas, Oct.
& Great Northern foreclosure suits,
which have been pending in tlie State Court, came to a sudden
conclusion by the withdrawal of both the suits by the trustees.
Thomas G. Shearman, of New York, for Messrs. Kennedy and
Sloan, trustees for the first mortgage holders, and H. B.
Turner, of Turner. McClure & Rolston, of New York, for the
Farmers' Loan & Trust Co., the trustees under the second
mortgage, came into court and withdrew their bills under
which foreclosure was asked. Simon Sterne and Charles t.
Beach, Jr., of New York, were present, reiiresenting the Missouri Kansas* Texas Railway in opposition to the foreclosure,
and W. S. Pierce, of New York, and Alex. O. Cochran,
Louis, were also present as the representativee of Jav Oouia
and the Missouri Pacific Railway Company. The lawyera
have not yet returned to New York, and their precise reasons
for withdrawing the suits are not clearly known.
International
6th, the
ft
International
^St
I
THE CHRONICLE.
494
&
[Vol. LI.
Texas Company holds one-lialf the
The Missouri Kansas
International stock, and has never agreed to the proposed
settlement between Ittr. Gould and the International bondholders. It appears that the whole case is now virtually where
it stood before the foreclosure proceedings were begun, and
the situation is favorable for the parties in interest to come
together and arrive at a satisfactory settlement without fur-
New York Stock ExcUiin^e— New Securities Listed.—The
Governing Committee of the New York Stock Exchange
have added to the lists for dealings the following:
Flint & Pere Marquette Railroad.— $200,000 additional flrst
ther
cent gold bonds.
litigation.
—
&
Hndtion. This railroad, which runs from Belvidere, N. J., to Greycourt, on the Erie, and now has a Poughkeepsie Bridge connection, by way of the Orange County
Kailroad and Campbell Hall, has given a mortgage for $3,000,000 to the Central Trust Company of New York, in accordance with a vote of the directors at a recent meeting. This
fund, it is reported, will be used in canceling maturing bonds
and other indebtedness and to pay for the completion of the
bridge at Phillipsburg, the extensive work between Franklin
and Hamburg, and for other improvements that are now
under way to make the road a trunk line from the Soutliwest
to Eastern points.
Manhattan Elevated. At Albany, Oct. 7, the Second Divi
sion of the Court of Appeals rendered its decision against the
company in the suit of Abendroth for damages to No. 380
Pearl Street. The decision is in effect that abutting property
owners in Pearl Street have the same rights with respect to
damage claims against the Manhattan Company as are possessed by abutting property owners in other streets. The
company claimed exemption from damage suits under the old
Dutch charter, which recognized Pearl Street as one in which
abutting property owners had no property rights in the street,
but that these belonged to the city.
Milwaukee Lake Shore & Western. A contract for extending the Milwaukee Lake Shore & Western Railroad from
a point northwest of Interior Junction to a junction with the
Duluth South Shore & Atlantic at St. Colhns, has been let
to Henry & Batch of Minneapolis.
The distance is about
thirteen miles.
This leads to the suggestion that the Lake
Shore will eventually build to Ontonagon, which is north of
St. Collins and less than tweuty-tive miles distant from
that place. Such a move would give the Lake Shore a second
route to Lake Superior.
Lelliicli
—
—
& Texas.—The
Central Trust Company
reports that the Union Trust Company has accepted and approved all the legal papers, and will be prepared to satisfy the
old 7 per cent mortgage October 11, and that the new securities are aU ready and will be issued the second day after receiving such satisfaction piece. The investing public will be
interested in reading the abstracts of the two new mortgages,
which will be found on other pages to-day. The bonds have
been listed on the New York Stock Exchange, and these
abstracts will remain on record in the volumes of the Chronicle, where they can easily be referred to at any time dui-ing
the term of the bonds— that is, until January 1, 1990.
Missouri Kansas
New Bond, and Stocks AuiliorizMl tor (Iffcred -The following IS a list of new issues of securities now offered for sale, or
soon to be offered
STATES, CITIES. COUNTIES. &c.
SiSMABCK, No. Dak.— if 49,000 SH! per cent bonds. Bids will be accepted
:
untU October 25 at noou.
BozEM AN, MON —$10,000 ten-twenty 6 per cent bondit arc oflercd by
W. A. Imes, City Clerl£.
CuAiiLESTOs, S. C— $50,000 4 per cent sewer bonds are to be Issued.
Ellenbbukg, Washington.— $30,000 scliool bonds are to be iasued.
Jeffebson County, Washington.— $225,000 Court House and road
bonds are soon to be issued.
Lowell, Mass.- $60 J,000 water loan 4 per cent bonds, due 1920, and
$100,000 City Hall and Memorial Building 4 per cent bonds, due
1920. Austin K. Cliadwick, City Treasurer, will receive bids till
noon October 18.
Poet Townsend, Washington.—$100,000 school bonds have been
authorized.
Pullman, Washington.— $8,000 water works bonds arc to be issued.
-Sheridan County, Wycjming.— $40,000 6 per cent bonds, due 1900 to
1910. Bids will be received till November 3 by Frank MeCov.
'-^",,
County Clerk.
RAILROAD AND MraCELL.\NEOU8 COMPANIES
iLLDiois Central Eailroad.-$3,000,000 stock is to be issued,
creasing the capital from $40,000,000 to $45,000,000.
in-
National Cordage Company.— $5,000,000 8 per cent cumulative
preferred stock. Full particulars are given in the advertisement
in another column.
>ew
Orltans H Gulf—The sale of the road, now in the
of a receiver, which was to have taken place recently
was deferred for two months, but the postponement may be
made indefinite, as arrangements have been about completed
iands
with the bondholders and the Central Trust Company of
for reorganization without foreclosure.
Newlork & Harlem.— Fourth Arenne Line.—The following 18 from reports to the Railroad Commissioners of N. Y. State.
New York
Tears Ended
Se]>t.
30,
Sept. 30,
,
June 30,
1890
$881,250
Operating expenses
1888
$809,497
607,138
$831,587
5921256
Net earnings
Other income
$202,358
61,189
$239,331
67,354
$221 974
$263,5"48
"isoO^isS
.r.
Orosseamhigs
.
G^ss income
Fixed charges
T>,^?HJ.^r™^
Dividends
^"'Pl'"
1839.
659,276
571388
25,338
27,088
$279,362
23,651
$238,2^
"$2791597
189,000
200.000
~i255,710
$49,209
$79,597
250;000
$5,710
consolidated mortgage 5 per cent gold bonds, making the total
amount listed $1,200.00(1; also .$2,933,000 flrst mortgage 5 per cent
gold bonds, " Port Huron Division."
Kansas City & Pacific Railway.—$2,500,000
4
i)or
first
& Nashville Eailboad.— $3,000,000
Louisville
mortgage 4 per
unified fifty-year
cent bonds.
Missouri Kansas & Tkxas Railway C impany.- $39,400,000 first
mortgage 4 per cent gold bonds, $20,000,000 second mortgage 4 per
cent gold bonds and $13,000,000 new irelerred stock. Abstracts of
the mortgages are given on subsequent pages.
New York Brooklyn & Manhattan Beach Railway.-$22,000
additional flrst consolidated mortgage bonds,
listed $8(!7,000.
making the
total
amount
New York New Haven & Hartford Eatlkoad.—$100,000
making the
tional capital stock,
total
amount
addi-
listed $18,700,000.
Northern Pacific Rvilroad.—$0,553.0(jO
additional railroad and
laud graut consolidated mortgage 5 per cent gold coupon bonds, making the total amount listed $33,000,000.
THE Metropolitan Telephone & Telegraph Co.mpany.— $2,000,000 first mortgage 5 per ceut gold sinking fund bonds.
& Coney Island.-Following is the report
State Railroad Commissioners for the years
Frospect Park
to the
New York
ended Sept.
30, 18i9,
and June
30, 1890:
Tears cndetl
1889.
Gross earnings
Operating expenses
Dedtiet
30,
1890.
$144,099
116,806
$32,506
37,929
$63,471
—
Interest on bonds
Interest on floating debt, etc
$145,433
112,927
$27,293
36.178
Net earnings
Other income
Total
,
June
Sept. 30,
$70,435
$55,540
4,413
10,000
$57,890
2,540
Rentals
11,500
Taxes
2,386
2,925
Total
$72,339
,
$74,855
Deficit
$8,868
$4,420
Pullman's Palace Car Co.— The vestibule patent case
which the Pullman Co. has won in the United States Court at
Boston was against the Boston
Albany as nominal defendants, but in reality against the Wagner Car Co. or VanderbUt
interest.
An appeal may be taken to the United States
Supreme Court for decision, but meanwhile an injunction in
Pullman's favor will probably issue.
&
,
St. I ouls Alton & Terre Haute.— At St. Louis, Oct. 3, the
stockholders of this company met and ratified the sale of their
main line from East St. Louis to Terre Haute to the Cairo
Vincennes
&
Chicago Railway Company.
The
latter
road
controlled by the " Big Four," to whom the purchase will
be turned over, the laws of the State of Illinois making this
necessary. Out of a total of 47,684 votes there were cast in
favor of the sale 35,760, being 7,000 more than the requisite
two-thirds.
The suits of Mr, E. H. Litchfield have not been discontinued,
but are still pending both in Illinois and New York.
is
St. Louis & Chicago.— At Springfield, 111., October 7, in the
United States Court, Judge Gresham filed a decree in the case
of Frank C. HoUins & Co., of New York, who took exception
to a report filed by Special Master Bluford Wilson in the St.
Louis & Chicago Railroad litigation of a year ago, to the effect
that bonds to the amoimt of $300,000, numbered ifrom 1,401 to
1,600 inclusive, were not a lien upon the road and the holders
would not share
in the proceeds of the sale. Judge Gresham
sustained this view, and further bars holders of coupons from
claiming under the bonds.
—
Union Ferry Company. At Albany, October 6, the Union
Ferry Company of New York and Brooklyn was incorporated
with a capital of $3,000,000, while that of the old Union Ferry
Company was
The idea is that the ne-7 company
§1,000,000.
merged with the old one, the shares of stock being exchanged three for one.
U. S. Bonds— Redemption of i}£ Per Cents.— The Secrewill be
tary of the Treasury, on October 9, issued the following circular offering to redeem 4J^ per cent bonds
" In pursuance of the authority contained in section 2 of the act of
March 3. 1881, public notice is hereby given that, until further notice,
the bonds of the 419 i>er cent loan of 1891, acts of July 14, 1870, and
January 2 1871, will be redeemed, with interest to August 31, 1891,
on presentation at the Treasury Department iu the city of Washington,
D.C. Bonds forwardedforrodemption .should be addressed to the '.Secre
taiy of the Treasury, Division of Loans,&c., Washington, D.C.,' and the
registered bonds should be assigned to the 'Secretary of the Treasury
tor redemption.' Assig.iments iuust be dated and properly acknowicdged, as prescribed in the note printed on the back of each bond.
When checks in payment are desired iu favor of auy one but the payee,
the bonds should be assigned to the Secretary of the Treasury, for redemption lor account of there insert the name of the pera jn or persons to whose order the check should be made payable)."
Wabash. Stockholders of the Wabash Railroad Company
will meet in St. Louis on Nov. 25 to consider and determine
the question whether the company will construct or acquire a
road now partly constructed from Montpelier, O. to the Indiana
State line, and whether the Wabash Railroad Company will
extend said road from thence through the .State of Indiana to
a connection with the tracks of the Chicago
Western Indiana Railroad Company at Hammond iu the last-named State,
and whether the Wabash Railroad Company will issue its
bonds to the amount of $3,o0(>,000, to be used in the construction and equipment of said line and secure the same by mortgage on the above-described road from Montpelier to Ham:
),
'
'
—
,
&
mond.
;
October
11.
THE (HRONIOLE.
1890.1
%zpovts and Hocuments.
4«ff
nnininlly tberenfter, to
and Including June
gage Oold Bond, No.
J.
MISSOURI KANSAS
.lUNK
OF
4
(FORM or cocpos OR
i!rrERr.iiT
wAnRA<rr.)
A
MfSRoiirl Kanitas
Texas Railway Company will
at its flnonclal agency In the city of Now York, Twenty
gold coin on the
terest tben
day of
lielng
Mortgage Oold Bond, No.
,
duo on
nsv
PARTIEe.
&
Texas Railway Company, of the first
Tlio MLs-iduri Kansas
York, Trustee,
port, ami the Central Trust Company of
of till- second part.
,
Central Trust Company of New York,
Truhtek,
By
.
the owner of certain
lines of railroad hereinafter more particularly described;
\nd trhereas, certain bonds and stocks of various branch
lines of railroad in the State of Texas (which branch lines aggregate -189 miles of railroad, and are hereinafter more particularly described), have been transferred to the Trustee
hereunder for the benefit of the bonds to be issued under this
is
mortgage
^
,
;
Viet-Pretidtnl.
(NOTB to BB F.NDORgRD.)
Tills bond. If not registered, shall pass by delivery, or, If registered, by
transfer on the books of ."alil Railway Company In the city of New
York; after registration of ownership certified hereon by the transfer
agent of said Company, no further transfer except on the hooks of the
("oiniiany shall Ixr valid unless transferred to liearer on said hooka,
after which this bon<l shall pass by delivery as at first, but shall continue siiMect to registration and ft'anBfer to bearer successively at tlM
option of each holder.
,
whereas, all of the prior liens upon the property hereby conveyed, except $241,000 lionds of the Tebo & Neosho RR.
Co., are now due and pa\ able
And whereas, said Railway Company is desirous of paying in full all of the bonds hereinbefore referred to, which are
now due and payable;
And whereas, the stockholders of The Missouri Texas
& Kansas Railway Co. did, on the 21st day of May,
1890. by vote of more than two-thirds of all the outstanding stock of said Company, authorize the making of
this indenture and the issuing of bonds hereunder for said pur-
And
Trtaturrr.
(TRUSTER'S CKRTinCATC TO RB RNDOBaEIM
The within bond Is hereby certlfleil to be one of the Imnd* lusiied under the deed of trust of the Missouri KnasiM ATeziut Railway CompaDj
to this company as Trustee, dated Juno 1st. 1800.
New
Whereas, said railway company
htam
In U. 8.
six momttis' hi-
First
Its
#90.
tta«
noIUrs
.
1990:
1.
KKK), nu lU Plmt Matt-
D« NEUKVILLE, Trtaturtr,
No.
The
DATED JUNE 1. 1890. SECURING
PER CENT GOLD BONDS, DUE
FIRST MOBTOAGE,
.*40,000,00()
& TEXAS RAILWAY CO.
Int.
.
PROPERTY CONVEYED.
Now,
therefore, this indenture witnesseth: That the Railway Company for and in consideration of the premises, etc.,
etc., doth hereby grant unto the party of the second part, all
and singular, its railroads in Missouri, Kansas and the Indian
now constructed and extending as follows
Railroads in Mibsocri, Kansas akd the Indian Territory owke!>
AND Conveyed.
Mtle*.
1. From Junction City, Davis Co., Kansas, to southern boundary
lino of said State
189
2. From the southern boundary line of Kansas through tbe Indian
Territory to northern boundary of Texas, near Denlson, Tex. .250
3. From SeilalJa, Pettis Co., Missouri, to western boundary line of
said State
100
Territory
:
.
pose;
whereas, this indenture has also been authorized by
a resolution of the Board of Directors of the Company;
And whereas, in pursuance of said authority, the Company has determined to issue its bonds to the extent of $40,000.000, and to secvu-e the payment of the same, principal and
interest, by this Deed of Trast, tlie said bonds to stand equally
and ratably secured hereby, without any preference whatever.
Each of said bonds is to be duly executed under the seal of
the Company, attested by its President and Secretary, and the
interest warrants to be authenticated by the name of the
Treasurer and each of said bonds is to be countersigned by
the Trustee, which countersigning shall be conclusive proof
Each of said
that the said bond is secured by this indenture.
bonds is substantially in the following form
And
;
4.
From Parsons, Labette
5.
From
boundary of Missouri
llolden, Johnson
Co.,
Kansas, northeasterly to western
61
Co., Mlssoufl, to the
western boundary
38
19
of said State
From the western boundary of Missouri to Paola, Kansas
From Sedalla, Missouri, northerly to Moberly, In said State
fi.
7.
8.
9.
72
I-Yom Hannibal, Missouri, westerly to Moberly
70
Branches to Lehigh and Osage coal mines. In Indian Territory.. 13
798
Total, about
above-mentioned lines form— except for the Boonvllle bridge
over the Missouri River, not hereby conveyed— a continuous line from
Haonihal, Mo., to near Denlson, Texas. 572 miles, together with tho
Juni'fion City and Holden branches, 214 miles, and coal branches 13
[riie
miles.]
:
THE BOND.
United States of America.
mid Texas,
States of Missouri, Kaiisas
MISSOURI KANSAS & TEXAS RAILWAY COMPANY.
Also all title to the unsold lands granted to aid in construction of the railroad (No. 1 above) from Junction City, Kansas,
to the southern boundary ot said State, and any proceeds of
sale thereof not heretofore expended, and all title to certain
other lands granted in said State, with the issues thereof.
Ose-Hcxdred-Year First Mortgage Fodr-Per-Cent Gold Bond.
No
.'^1,000.
One hundred years after date, for value received, the Missouri Kan& Texas Railway Company, a cornoratlon created by the laws of
Kaunas, and exercisiujr franchises under the authority of Acts of Confress, and of the legislatures of the States of Missouri, Kansas and
exas. owuin.' lines of railway in the said States and through the Indian Territory promises to pay one thousand dollars in gold coin of
the Cnitcd States of America, of or equal to the present standard of
value, to the holder of this bond, or In case this bond be registered
then to the registered holder thereof, at its financial agency in the city
of New York, and also promises to pay the interest thereon semi-anauallv at the rate of 4 per cent per annum, in like gold coin, on the
first (lays of .June and December in each year, on the presentation and
surrender of the respective interest coupons hereto annexed, at the
sas
,
financial
agency aforesaid.
Tills bond is one of a series of forty-flve thousand bonds, numbered
from number one upwards, of which bonds thirty-five thousand are of
the denomination of .$1,000 each, and ten thousand are of the denomination of *r)Oi> each. an<l which t)ond3 amount in the aggregate of their
principal to forty million dollars fifty coujwns of like number are attached to each of said bonds. Au agreement is also attached to each
bond, entitling the holder thereof on surrender of same, to sheets of
one hundred and fifty coujwns for interest to become payable semiannually after the coupons hereto attached. The payment of the principal and interest of the said bonds is secured by a deed of trust of even
date herewith, conveying to the Central Trust Company of New York,
in trust for tin- bidders of the said bonds, all of the corporate property,
real and personal, the entire railways, rolling stock, equipment, leaseholds, lands and laud grants, property and income of said company,
and all its franchises and privileges appertaining thereto, as specified
In the said deed of trust and all of the said bonds are secured equally
and alike thereby.
If default shall be made in the payment of any semi-annual instalment of interest on this bond when the same shall become due and be
;
;
nianded, and if the same shall remain unpaid for six months after
h demand, the principal of this bond shall become due and payable
he matiner provided in said deed of trust. Stockholders of this comiiy are not individually liable on this bond or in respect thereto.
This company hereby waives the benefit of any extension, redemption, stay or appraisement laws now existing or that may hereafter
'f
'
1
xNt.
to be valid only when authenticated by a certificate enleon signed by the Trtist'ee, to the effect that It Is one of the
-ued under the said deed of trust.
/I Wilix^ss Whereof, The said company has caused its corporate name
i'c hereto signed by its President, and its corporate seal
to be hereto
\ed and attested by Us Secrctar}-, thLs first day of June, A. D., 1890,
the annexed coupons to be executed with the engraved signature
its Treasurer.
iid is
I
'
1
1
Missouri Kansas
& Texas Railway Company,
Bv
,
Attest:
-
President.
'f
one hundred
New
Its offlee or agency in the city of
and fifty coupons for Interest to become
.at
all
the
title
which the Missouri Kansas & Texas Railmight hereafter acquire, by reason of
has, or
having constructed the extension of said line of railroad No. 3
(extending from the southern boundary of Kaniias to near
Denipon, Texas, about 250 miles) through the Indian Territory,
in and to any lands granted by the Act of Congress of July
25. 1866, and by any other Acts of Congress, or which the said
Company has, or might thereafter acquire under and by virtue of treaties from any Indian nation or tribe, or otherwise
howsoever, appertaining to the afoi^said extension, together
with all the nghts and appurtenances that may belong thereto;
the land granted under said Acts of Congress being ten alternate sections of land on each side of said railroad.
And
also
all
and singular
its
railroads in the State of
Texas now in operation and extending as follows
Railroad in Texas Owned and Conveyed.
MiU*.
1. From apolnt five miles north of Denlson, via Denlson and 'Whitea:
boroto Gainesvillle
2.
3.
4.
4JL
From Fort Worth, southerly to Taylor, Williamson Co
From Denlson southeasterly to Mlncola
From Echo, on the main line in Bell County, westerly
Total Texas lines
owned
168
103
to Belton.
7
314
directly
Also the following stocks and bonds which the Company
transfers to the trustee as further security.
Bondt.
Stoekt.
BECURrriBS OF Texas Railroads Pledged.
Gainesville Henrietta <& Wesfem Railway Co.—
$1,400,000
1st mortgage bonds, entire issue
$700,000
Stock, entire isssue
East Line & Red River RR. Co.—
1st mortgage bonds (out ot a total issue of
^^
734,000
$1.081,000)
Stock, entire Issue
Trinity & Saline Railway Co.—
1st mortgage bonds, entire Issue
Stock, entire Issue
930,000
^^
1,340,000
760,000
& Greenville Railway Co.—
mortgage bonds, entire issue
^^
Dallas
Ist
1,040,000
521,850
Stock, entire issue
Tavlor Bastrop
&.
Houston Railway Co.—
1 St mortgage bonds, entire issue
Stock, entire Isssue
Dallas & Wichita RR. Co.—
Stock, entire issue— No. bonds outstanding.
„ ~,. «/u»
2,005,000
. . .
345,500
, „„ „„
100.000
^
$3,3,')T.3,%0 !fC,569,000
Total
The said securities [representing the entire stock and all the
bonds except $847,000 on one road] were issued by said companies upon lines of railroad extending as follows
TEXAS RAn.ROADS COVERED DY TOE SECURITIES PLEDOID.
:
Seeretarv
(warrant for further interest sheets.)
The Missouri Kansas & Texas Railway Company will deliver to the
,»earec, upon presentation and surrender of this warrant, on and after
fnne 1st, 191o,
Also
way Company
York, sheets
payable seml-
(SaliicsviUe Henrietta
* Western Railway Co.—
Gainesville westerly to Henrietta, CTay Co
4 Red
River RR. Co.—
„ _. «
McKinney, Collins Co., easterly to Jefferson, Marion Co
East Line
*'%.
7»
mit
io«»
THE CHRONICLR
496
Trinity
& BaWne Railway Co.—
Trinity, Trinity Co., easteriy to
&
to the payment of the interest in arrear, or which shall
come due, on the outstanding bonds secured hereby, in
first,
„
ColmesneU, Tyler Co
Greenville Railway Co.—
Dallas, Dallas Co.. to Greenville,
Dallas
[Vol. LI.
,
...
67
o*
Hunt Co
Taylor Bastrop & Houston Railway Co.—
.
_
^.
„
Taylor, Williamson Co., to Bofrgy Creek Tank, Fayette Co
San Marcos. Hays Co., easterly to Lockhart, Caldwell Co
Dallas <fe Wlcbita RR. Co.^ . ^
Dallas, Dallas Co., northwesterly to Denton, Denton Co
on
K»
lb
,q
da
I
COMPANY MAY SURRENDER PROPERTY TO TRUSTEE BEFORE
*89
Total
be-
the
order of its maturity, ratably to the persons holding the coupons therefor; and, second, to the payment of the principal of
the aforesaid bonds which may, at that time, be due and unpaid, ratably, without discrimination or preference.
.
DEFAULT.
any time hereafter before the
full payment of said
The railroad property above described in Missouri, Kansas bonds the Railway Company shall deem it expedient for the
and the Indian Territory comprises 798 miles.
better security of the bonds voluntarily to surrender to the
The railroad property in Texas directly mortgaged com- said Trustee the possession of the said railways and property
prises 314 miles.
,
for any term of years, certain or indefinite, although default
,
,
j ^
t.
The railroad property or branch roads the bonds and stocks may not have occurred, it^shall be the duty of the Trustee
of which are assigned comprises 489 miles.
upon such surrender to enter upon upon the premises and to
Total— 1,601 miles.
control said railways and property. And the Trustee, while
the Trustee a ceitam the game shall remain in its possession, shall
And the said Company also delivers to
receive the inTexas & Pacific Ry. Co., comes and revenues thereof, and operate the same in such
lease dated April 1, 1881, between the
this Company, as party of the lawful way
as party of the first part, and
as may be the most beneficial as well to the inIf at
Second part, together with all the rights of trackage, .iomt use
of railroad and other rights, between Whitesboro and Fort
Worth, transferred by said lease to this company. All
traflBc contracts which may be entered into shall also be subject to the lien of this indenture.
AU of the above-described railroads and property are conveyed to the said Trustee, and all the easements or appurnances thereunto belonging or in any wise appertaining, and
all rights of wav, depot grounds, tracks, bridges and other
structures, depots, machine shops, erections and fixtures, now
held for the use of said railroad, its extensions and branches,
or in connection therewith. Also all locomotives, cars and
other rolhng stock or equipment, and all rails and materials
whatsoever, for operating, repairing or replacing said railroad,
or any part thereof, now held by the railway company. Together with all franchises connected with said railroad, its extensions and branches now held, and all corporate franchises,
including the franchise to operate said railroad, which are
now possessed; together with all rents, issues, profits, etc., of
the property.
terests of the public as to the holders of said bonds intended
to be secured hereby, and of the Raihoad Company, all claims
arising out of such operation to be a charge upon the said
trust property.
DEFAULT FOR SIX MONTHS—PROPERTY MAY BE SOLD.
In case of default in the payment of any interest upon any
of said bonds or of the principal thereof, as aforesaid, continued for six months after demand for payment, as aforesaid,
it shall be lawful, unless such default be waived as herein
provided, for the said Trustee, after entry, to sell aU and singular the said railways and premises, franchises and bonds and
stocks hereby conveyed, at public auction, to the liighest bidder, at such time and place in the city of Topeka, in the State
of Kansas, as it may (designate. Public notice of the time,
place and terms of such sale shall be given by advertisement
published not less than five times a week for eight consecutive
weeks in one or more newspapers published in the cities of St,
Louis and New York, with the right to adjourn such sale or
sales from time to time in the discretion of fcuch Trustee.
And the proceeds of such sale, just allowances having been
COVENANTS.
made for all expenses of the sale and for all expenses incurred
covenants to pay all lawful by the said Trustee in operating said railways, and for all
The railway company hereby
said property hereby mortgaged;
taxes and assessments upon
other proper charges upon the said premises shall be applied
to suffer no mechanics', statutory or laborers' liens which shall to the payment of the principal of such of the aforesaid bonds
mortgage, and, when demanded by the as may be at such time unpaid, whether the same shall have
have priority to this
Trustee, to keep insured its rolling stock, tools and macliinery, previously become due or not, and-of the interest which shall
its buildings, bridges, and all orher property provided for use
at that time have accrued on the said principal and be unpaid,
in connection with the said railways usually insured by rail- without discrimination or preference, but ratably to the aggreway companies, and in the same manner and to the same ex- gate of said unpaid principal and accrued and unpaid interest
tent; also to preserve diligently all its rights and franchises
to maintain the property in good working order and supplied with all necessary rolling stock and equipment.
And the said railway company further covenants that it will
not issue the bonds to be issued hereunder in any manner inconsistent with the provisions of these presents.
and
PURPOSES FOR WHICH BONDS SHALL BE ISSUED.
shall be issued as follows
For requirements of cash subscriptions as per agreement
$22,500,000
of November 27, 1889
(There being reserved of said $22,500,000 bonds to
the amount of $241,000 to retire a like amount of Tebo &
Neosho bonds.)
,
^
The bonds hereby secured
:
Balance to satisfy the holders of certain old bonds depos17,500,000
Igted under the reorganization plan
(There being reserved of said $17,500,000 bonds to the
amount of $347,000 to retire a like amount of East Line
& Red River bonds not delivered to the trustee.)
Total
$40,000,000
RESTRICTIONS RESPECTING PROPERTY MORTGAGED.
This indenture is not to be construed as covering or extending to railroad property which hereafter may be acquired or
constructed, or railroad property not specifically described
herein, except new equipment in replacement of existing
equipment appertaining to the railroad above described, and
except public Ian(ls which may be hereafter acquired in the
Indian Territory, and except also new buildings and structures
to be used and to form part of the railroads above described.
Rights of way hereafter acquired on so much of the foregoing railways as are at the date of these presents in operation
shall be deemed to be covered by this mortgage.
The object of this section is to declare that this indenture
does not contemplate or permit any further or additional issue
of bonds under this mortgage beyond the issue limited at
$40,000,000. The lien of the mortgage is therefore excluded
from property not included therein or property subsequently
acquired or constructed, except as aforesaid.
DEFAULT FOR SIX MONTHS-TRUSTEE MAY TAKE POSSESSION.
In cate default shall be made in the payment of the principal or of any interest on any of the bonds secured by this instrument, and if such default shall continue for the period of
six months after demand in writing made for the payment of
the same at the financial agency of the Railroad Company in
the city of New York, it shall be lawful, unless such default
be waived as hereinafter provided, for the Trustee to enter
upon and take possession of all and singular t)ie railways,
premises and property hereby mortgaged, and to hold and use
the same, operating said railways and receiving all incomes
therefrom. After deducting all operating expenses and paying for all repairs, additions and improvements, and all taxes,
assessments ard other proper charges upon the said property
and premises, the moneys arising as aforesaid shall be applied,
added together.
REMEDIES HEREIN GRANTED ARE CUMULATIVE — OTHER
PROVISIONS.
All provisions in this mortgage specifying remedies in the
event of default are cumulative to the ordinary remedy by
foreclosure in the Courts, and the Trustee upon default, as
aforesaid, may at its discretion and, upon the written request
of the holders of the majority in value of the said bonds then
unpaid, shall (upon being properly indemnified) institute proceedings to foreclose this mortgage in such manner (by sale
imder the power herein given or by suit) as the majority of
the said bondholders may direct, and if no such direction is
given in this behalf then in such manner as to the said Trustee
may seem most expedient.
No sale shall be made of the securities pledged, except with
the consent of the railway company, until a sale under foreclosure of the main line of railroad included in this mortgage.
And no adverse entry shall be made nor action shall be
brought for the foreclosure of this mortgage nor for the recovery of principal or interest until after such default shall
have continued for the period of six months.
No bondholders shall be entitled to take any proceedings for
the foreclosure of this mortgage until after they shall have requested the Trustee in writing to foreclose the mortgage, and
offered proper indemnity as hereinbefore provided, and such
Trustee shall have thereupon refused to take such proceeding.
For the debts or.bonds secured hereby the said Railway Company is liable tn persowawi, and any deficit after exhausting
the mortgagee! security may be enforced against the said company or its other property, but not against the stockholders;
individually.
DEFAULT FOR BIX MONTHS IN PAYMENT OF
PRINCIPAL MAY BE DECLARED DUE.
INTEREST,]
In case of default in the payment of any semi-annual installment of interest on any of the said bonds, and if such default shall continue for the period of six months after due
demand for payment, as aforesaid, then in such case the principal sum of all the said bonds secured hereby shall, in case a'
majority in interest of the holders of the said bonds in writing
so elect, become and be immediately due and payable. And
a majority in interest of the holders of said bonds may, by
writing, under their hands executed at a meeting of the said
bondholders, or without such meeting, declare or instruct the
then Trustee in this trust to declare the said principal of all
the bonds issued under this mortgage and then outstanding to
be due and immediately payable. Or said majority may
waive or may instruct the said Trustee to waive any defaiUt in
the payment of principal or interest, on such terms and conditions as such majority in interest may deem proper, provided
always that no such action shall be taken to affect any subsequent default, or to impair the rights resulting therefrom.
October
11,
THE CHRONICLE.
U90.1
8ul)8«iut»iit ilcfBuhs in the payment of principal or interest
may in like manner be waiveU; but no default in the payment
of any instalment of interest Hliall ,be waived unlesw all preceding instalments of interest shall have been paid in full.
DEFAULT-MEETINGS OF BONDHOLDERS.!
Meetings of the bondholders hereunder for action upon any
of tlie iiupstiona upon which tlio majority ia interest of said
bondholders may iiavo the ri«ht to decide, may be called by
the then Trustee, or in such other mode as may be from time
to time fljced by such majority in interest of the holders of
said bonds. And luitil said bondholders shall so act such powBut it
ers may be e.xercised by the said Trustee in this trust.
is expressly declared that no act of lK)ndholders or of the
Trustee shall impair the rights or remetlies, legal or eauitable,
of any non-assentiug IwudhoUler, excvpt in the particulars and
to the extent to which the same is expressly made controlling
by the provisions contained herein.
497
hen of this mortgage (title t<i which lan<U hiM not an
yt liwni
aciuired, but ia ultimately to become the proportr
way Comi»ny, said lands beinx what are known of Uie RmUas tb« land
grants in the Indian Territory by virtue of u.^u of
Conciwir
whensoever the Railway Company desires to sell
Har^a!i
same. The TruHtee wdl also upon like request releoMt
anrkuida
in the Slates of Kansas, Texas or Missouri not
forminir nart td
the
line of railroad itself whenever the
comi^VmaT
desire to self any of the said lands. But the Railway
Con^
pany shall turn over the net proceeds of such sales to
th*
Tnutee, who shall apply them to the purchase or other
r»>
tirement of bonds secured by this indenture at not above
par
with accrued interest. If such bonds cannot be purcliasedat
par with accrued interest or under, such investment shall be
made thereof as may Iw mutually agreed upon between the
Railway Company and the Trustee.
mam
RELEASE OF OTHER PROPERTY.
The Trustee shall also have full power in its diwretion and
OF SALE COMPANY WAIVES ALL BENEFITS OP VAL upon the written retjuest
of the Railway Company at any
UATION, EXTENSION, ETC., LAWS.
time when said Railway Company shall not !x! in default in
The Railway Company, for itself and for all holders of liens respect to the payment of interest upon
any bonds
IN CASE
junior to that of these presents, hereby expressly waives all
And
right to have the assets marshalled upon any foreclosure.
it ^hall bo lawful to sell the entire property, subiect to the
trusts of these presents, as a whole in one single lot; and a
majority in interest of said bonds may by instrument in
writing direct the Trustee or petition the said Court to sell the
The Railway Company further
said property in such manner.
covenants that it will not seek to take the benefit or advantage
of any valuation, stay, appraisement, redemption or extension
law now or hereafter in force in any State wherein the property may be situated.
SALE OF PROPEBTY—TRUSTEE MAY PURCHASE, ETC.
On any sale under this deed of
Trustee shall have
the right to buy in the mortgaged property at a price not exceeding the amount of the mortgage bonds and accrued interest secured hereby, and to hold the property so purchased,
subject to the conditions of this indenture. And in case of
any such sale, the purchasers shall be entitled to deliver
toward the payment of the purchase money any of the said
bonds and interest coupons secured hereby, counting such
bonds and interest coupons for such purpose at a sum not exceeding that which shall be payable out of the net proceeds of
•uch sale to the holders of such bonds and interest coupons
as their share of such net proceeds of sale, after allowing for
trust, the
costs of sale.
REMOVAL AND APPOINTMENT OF TRUSTEES.
agreed that two-thirds in value of the outstanding
bondholders secured hereby may at any time with or without
cause, by instruments in writing, signed by them to that
effect, and, without calling a meeting of the bondholders, remove the trustee, and, in writing, appoint one or more trustees
herein, whether the last trustee shall have been appointed by
a Court of competent jurisdiction or otherwise,
It is also
secured
hereby, to release from the lien of this mortgage any portion*
of the premises
used for stations or other purpose*
connected with the railways, or any rolling stock, equipment,
materials or machinery which, in the judgment of the Trustee, shall not at the time of such release be requisite for
uso
for the purposes for which the same were so acquired or used,
and likewise any part of the original roadway and of the
dejxit grounds or accommodations connected therewith which
may have been thrown out of use at the time of such release
by reason of changes of alignment provided always that the
substitutes therefor, if any, shall be conveyed to the Trustee
upon the trusts and for the purposes of this mortgage or, in
case of a sale of such released property, that the purchase
money shall be paid over to the Trustee. Tlie protx-eds of any
such sales may be invested by the Trustee in the purchase of
bonds hereby secured at not exceeding par with accrued interest, and any bonds so purchased shall be forthwith canceled
by the Trustee.
The application to the Trustee for any release under the provisions of this article shall be accompanied by a certificate in
writing verified by the oath or affirmation of the President
and Chief Engineer of the party of the first part, setting forth
the facts upon which such application is based.
;
;
OFFICE FOR REGISTRY OF BONDS.
The Railwav Company agrees to keep in New York City a
book in which bonds may oe registered in the manner provided in the bond above.
MISSOURI KANSAS
& TEXAS RAILWAY CO.
SECOND MORTGAGE, DATED JUNE 1, 1890, SECURING $30,000,000 OF GOLD BONDS DUE JUNE 1, 1890.
BONDHOLDERS' MEETINGS-GENERAL PURPOSES.
For the purpose of carrying out objects of these presents,
PARTIES.
the Trustee may, whenever it shall be deemed expedient, call
The Missouri Kansas & Texas Railway Company, of the
meetings of the holders of said bonds secured hereby, in some
convenient place in the city of New York, upon such notice first part, and the Mercantile Trust Company of New Y'ork,
and under such regulations as it may deem proper; but no Trustee, of the second part.
decision of any majority in amount at any sucn meetings
PREAMBLE.
shall be of any effect unless the same shall be duly authentiWhereas, Said railway company is owner of certain propcated by an instrument in writing signed by the persons holderty described in the above first mortgage;
ing such majority and proved as herein provided.
And whereas, In pursuance of authority granted by a twoDEEDS OF FURTHER ASSURANCE.
thirds vote of its stockholders, and by a resoiution of its Board
The Railroad Company, the said party of the second part, of Directors, the Railway Company, in order to carry out its
and its successors in this trust, ou behalf and for the benefit re-organization plan, has determined to issue its bonds to the
of said bondholders intended to be secured, covenants extent of $20,000,000, and to secure the payment of the same
that it will at all times hereafter, upon reasonable request, by this deed of trust. The said bonds are to be subject as to
execute all such further deeds as may be necessary for the first ten interest coupons, inoluding the coupon maturing
the better assuring unto the said Trustee, all and singular, the August 1, 1895, to the provisions of these presents as hereinpremises and property hereby mortgaged or intended so to be. after contained.
The said bonds are to stand equally and rata>ily secured
CONDITIONS ON WHICH COMPANY MAY VOTE ON STOCKS hereby without any preference whatever. Each of said bonds
PLEDGED.
is to be duly executed under the seal of the Railway Company,
The Trustee, whenever requested by the Railway Company, signed and attested by its President and Secretary, ana the
company so many of the shares of stock
hereinbefore pledged as may be necessary to qualify directors
of such companies, and until default in the payment of interest as hereinbefore set forth, the Trustee shall also on like
request deliver to the company proxies by which to vote on
the stocks pledged as aforesaid. But the proxies so delivered
shall contaui a provision substantially as follows
This proxy shall not be used to authorize any increase of
the bonded indebtedness per mile of the said railroad (naming
same), nor shall said proxy be voted on in favor of an extension or continuation of said railroad, unless tlie bonds to be
issued on such extension shall be limited to twenty thousand
dollars per mile, and unless it be agreed that the stock, if any,
to be issued against such extension shall be transferred to and
delivered to the said the Central Trust Company of New York
to be held for the same purposes as the stock so to be voted on
shall deliver to said
warrants to be authenticated with the name of the
Each bond so executed is to be countersigned or
certified by the Trustee, which countersigning or certifying
shall be conclusive and the only sufficient proof that the said
bond is secured by this indenture. Each of said bonds is subinterest
Treasurer.
stantially in the
:
i-
now
held,
RELEASE OF LANDS CONVEYED.
3^tThe Trustee will upon the request of the Railway Company
(.-.uch request to be evidenced by a certified copy of a resolution of its Board of Directors or of the Executive Committee
thereof), release from the lien of this mortgage such of the
lauds ia the Indian Territory as may h«reafter come under the
foUowhig form
THE BOND.
:
United
of America.
Kansas and Texas.
Statf.s
Stales of ihssoiiri,
MISSOURI KANSAS & TEXAP RAILWAY CO.MPANT.
ONE-HUJiDHEn-YEAR SECOND MORTOAOE FOUU-PER-CE.NT GOLD BOJTO
No
$1,000
Olio hundred venrs nftfr rtntc, for value roccivcil. Hie Missouri Kansas ifc Texas l^ailway Coiniiiiiiv. nc<>n«>r.itl»ii croati'd l).v tlip laws of
Kiinsaa and excrcisliiK fiamliiscs uiidcr llie aiuliorlty of Aetsof Confrross andol tluj legi-slatmenof the States of Missouri. Kansas and
Texas, owiiiuK lilies of railway In tho said States and throijuh tlie Indian Territory, inoiniscs to miy one thousand dollars in tinld eolii or too
United States of America, of or equal to the present standanl of value.
then to ine
to the holder of this bond, or in ease this liond lio reclsteied
of >ew
rcKiatered holder thereof, at Its tliianeial aKciiey in the city
to pay the interest thereon semi-iuniuiui>
Yorlj, and also promises
first day* ot
the
tlie rate of 4 per cent per nimuni, in like (told coin, on
surrender
Fi biuary and August in each year, on the pro8entatl<in and
of tlic respecUvo iutercbl coupons hereto annexed, at the tluaucial
«
agency alorcunld.
*•««
.^
)
THE CHRONICLE.
498
The pavmeut of all of the interest coiipous nv to and incliulinK the
loupon p'ftViiMe AuRiist Ist, 1805, is suli.ieot tolhe terms and conditlODB stated iu the deed of trust hereinafter referred to, to the effect
that the said eonpons shall be paid only if the net earnings of the said
Tftilroad -nbich shall remain after deducting from the gross earnings,
operating and maintenance cxjienses, taxes, interest on the first mortgage four per cent honds, repairs, renewals, replacements and insurance, shall be sufficient to pay the said interest coupons. Such net
earnings. If insufficient to pay such Interest coupons In full, shall be
applied to payment of said interest couimns at such reduced rate as
thev may suffice to pay. The amount so paid shall be in full satisfaction of the interest coupons to which the payment shall be apiilied.
The right to interest shall not be cumulative; and each interest cdiipon
Bhall be entitled to payment only out of net earnings defined as alioye
and earned during the'six mouths to which the interest coupon itself
applies. In case no net earnings for the period covered by an interest
coupon shall remain, after the deductions aforesaid, the interest coupons for the said period and the obligations of the said company therein
contained shall cease and become of no effect.
This bond is one of a series of twenty-three thousand bonds ot like
tenor and date, numbered from number one upwards, of which bonds
seventeen thousand are of the denomiuation of f l,00(i each and six
thmisand are of the denomination of *300 each, and amounting in the
agpi-egate of theli' principal to $20,000,000; fifty coupons of like uumher are attached to each of said bonds. An agreement is also attached
to each bond entitling the holder thereof on surrender of same to sheets
of one hundred and fifty coupons lor interest to become payalile semiannually after the couiions hereto attached. The payment of the principal and interest of the said bonds is secured liy a deed of trust of even
date herewith, conveying to tihe Mercantile Trust Company, in trust
for the hqlders of the said bonds, all of the projierty of the said Company, real and personal, the entii'e railways, rolling stock, eeiuipment,
leaseholds, lands and land grants, property and income of said Company, and all its franchises and i»rivileges api)ertaiuing thereto, as
specified in said deed of trust, subject, nevertheless, to the first four per
cent mortgage, which is iwior iu lien thereto; and all of tlie said lionds
are secured equally and alike thereby.
If default shall be made in the payment of any semi-annual instalment of interest which shall mature on or after the first day of February, 1896, when the same shall become due and be demanded, and
such interest shall remain unpaid for six mourhs after such demand,
the principal of this bond shall become due and payable in the manner
provided
the said deed of trust.
Stockholders of this company arc not individually liable on tills
bond or in respect thereto.
This company hereby waives the benefit of any extension, redemption, stay or appraisement laws now existing or that may hereafter
m
exist.
This bond is to be valid only when authenticated by a certificate endorsed hcieon, signed by the Trustee, to the effect that it is one of the
bonds issued under the said deed of trust.
7)1 loibuss whereof, the said company has caused its corporate naipe
to be hereto signed by its President, and its corporate seal to be herfllo
affixed and attested by its Secretary, this first day of June, A. D., 1890,
and the annexed coupons to be executed with the engraved signature
of its Treasurer.
& Texas Railway
By
MIS80UBI Kansas
,
Co.
PresiUeiii.
Attest
Secretary.
(WAHH.tNT FOn FCRTIIKR INTEREST SHEET.)
Kansas & Texas Railway Company will deliver to tlie
bearer, upon presentation and surrender ot this warrant, on ami after
August 1st, 1915. at its oflicc or agency in the city ot New York, sheets
of one hundred and fifty coupons for interest to become payalile semiannually there ifter and to and Including June let, 1990, on its second
Tlie Missouri
jnortgage gold bond,
Number
,
Treasurer,
(FOBM OF FIRST TEN COUPONS OR INTEREST WARRANTS EXCEPT FIBBT
COtrpO.V, WHICH IS FOR TWENTY-SIX DOLLARS AND SIXTYSEVEN CENTS, BEING EIGHT MONTHS' INTEREST.
No
lf;20.
The Missouri Kansas & Texas Railway Company will pay to the
bearer, at Its financial agency in the city of New York, twenty dollars
In U. 8. gold coin, on the
day of
being six mo'iiths' interest then due on its second mortgage gold bond No
payable
only from net earnings, as luovidcd in the deed of trust.
Treasurer.
.
,
(FORM OF COnPOK OR INTEREST WARRANT AFTER FIRST TEN.)
No
3;20.
The Missouri Kansas & Texas Railway Company will pay to the
bearer, at its dnancial agency iu tlie city of New Yoik, twentv dollars
in U. S. gold coin, on the
day of
being six months' Interest then due on lt« second mortgage gold bond No
. Treasurer.
iTRUSTEE'S CERTIFICATE TO BE INDORSED.)
The within bond is hereby certified to be one of the bonds issued
under the deed of trust of the Missouri Kansas & Texas Rnilwav Company to the Mercantile Trust Company, dated June 1st, 1890.
,
"
The Mercantile Trust Co.mpany,
Trustee,
By
.
Yiee-President.
(NOTE TO BE INDORSED.)
This bond. If not registered, shall pass by delivery, or if registered by
transfer on the books of said Railway Company in the city of New
York; after registration of ownership certified hereon by the transfer
agent of said Company no further transfer except on the books
of ttie Company shall be valid unless transferred to bearer on
«ald books, after which this bond shall pass by delivery as at first
but
Bhall continue subject to registration, and transfer to bearer
succeesIvely at the option of each holder.
PROPERTY COVERED.
This mortgage
in the
first
is a second lien on all the propertv described
mortgage, an abstract of which precede's this.
COVENANTS.
See paragraph entitled " Covenants " in the abstract of the
first mortgage above.
PURPOSES FOR WHICH BONDS MAY BE ISSUED.
Bonds amounting
iu the aggregate to $15,000,000, or bo
thereof as shall be necessary, are to be issued and used
to satisfy the requirements of certain bondholders under
the
said agreement of November 37, 1889.
The balance of said bonds, amounting in the aggregate to
¥i),000,000, or so many thereof as shall
be necessary, are to be
issued in payment of the assessment on tlie stock of the
Missouri Kansas & Texas Railwav Companv. deposited
under the
Baid reorganization agreement of November 37, 1889
many
[Vol. LI.
All of the $30,000,000 of bonds to be issued under this mortshall forthwith after authentication be delivered to the
before-mentioned Reorganization Committee appointed by the
agreement of November 27, 1889 and the said committee
shall apply the said bonds as directed by this mortgage and as
to all bonds not required for the purposes above stated as
directed by the said agreement of November 27, 1889.
gage
;
PAYMENT OF INTEREST NOT OBLIGATORY TILL AFTER
AUGUST 1, 1895.
The said Railway Company covenants that it will, at all
times hereafter, so long as any of the bonds to be issued hereunder shall remain outstanding, keep an agency in the city of
Ne^v York, and that it wiU pay the principal and interest of
said bonds at the times and in the manner therein provided.
But the covenant to pay the interest coupons belonging to said
bonds maturing on the first of February, 1891, and each six
months thereafter, to and including the coupon to mature
August 1, 1895, is subject to the following condition and agree-
ment
The
:
said Company shall render each six months an account
of the gross earnings, income, receipts, interest, dividends or
profits received from the said mortgaged property.
It shall
charge against such gross earnings all operating and maintenance expenses, taxes, repairs, renewals, replacements and
insurance and in eacli statement it shall charge six months'
interest on the forty million dollars of first mortgage bonds.
Such net earnings as shall remain after the charges above
specified shall have been made shall be applied to the payment of the said coupons. If insuflicient to pay such interest
coupons iu full, such net earnings shall be applied to their
payment at such reduced rate as they shall sufiice to pay.
The right to interest 'shall not be cumulative and shall
be restricted to net earnings defined as above and earned
during the six months to which the interest coupon itself
;
applies.
The account directed to be kept in this section shall be
stated within six months after the maturity of each of the
said coupons. It shall be stated for the period of six months
to which tlie matured coupon applies.
If the account shall
disclose net earnings for such period sufficient to pay such
coupons in part only, the application of such earnings to such
part payment shall be in full satisfaction of such coupotis,
which shall be surrendered and canceled on the receipt of
such part payment. If the account shall disclose no net
earnings for such period, all obligation of the Company for
the payment of such coupons shall cease and become of no
effect.
It is
further understood and agreed between the parties to
this instrument that if it should at any time during the said
five years be deemed expedient to apply any portion of the
earnings of the said Railway Company to purposes other than
those hereinbefore specified in this section, the said earnings
may be so applied, provided however the written sanction of
the party of the second part shall first be obtained, the granting of which sanction shall be discretionary with the party of
the second part; and in that event all expenditures made ar.d
included within the terms of the said sanction shall be charged
against the gross earnings of the jiarty of the first part, and
no payments shall be made on the said coupons during the
said five years, unless there shall remain a suriDlus after charging the expenciitures made as aforesaid in addition to the
items first above specified.
RESTRICTIONS RESPECTING PROPERTY COVERED.
The is.sue of bonds under this mortgage is limited absolutely
to §20,000,000. and the lien of the mortgage is circumscribed
in substantially the same manner as is the lieu of the first
mortgage in the abstract given above.
DEFAULT.
AU
provisions respecting default, the sale of the property,
are substantially the same as in the first mortgage, an
abstract of which precedes this.
etc.,
TRUSTEES.
The provisions respecting the appointment and removal of
trustees are as set forth in the abstract of the first mortgage
above.
RELEASE OF PROPERTY'.
one of the conditions of this instrument, and as such
it is expressly agreed by both parties hereto, that all releases
by the Central "rrust Comjjany of New York executed under
the provisions of the said first mortgage to the Central Trust
It is
of New York shall ijiso facto operate to release the
property described in such relea.se from the lien of this mortgage. After the satisfaction of the said first mortgage, the
Trustee hereunder shall have full power, in its discretion, and
upon the written request of the RaOway Company, to release
such jxirtions of the premises acquired for the purposes of
said railway as shall not at the time of the release be necessary for the operation thereof, but subject to all the regulations laid down in the first mortgage, an abstract of which is
given above. It is further agreed that until the satisfactioa
of the said first mortgage, and upon due proof of the release
by the Central Trust Company of New York of any lands in
the Indian Territory or ot any lands in the States of Kansas,
Texas or Missouri from the lieu of the first mortgage to the
Central Trust Company of New York, pursuant to tlie engagement of the said the Central Trust Company of New York
on that behalf in said first mortgage contained, such release
will operate ij^so facto to release such said lands from the lien
of this mortgage.
Company
'
:
•OCTOBBB U,
IHE CHRONICLE.
18B0.1
It will Im) wen tlmt rates ix-r ton [nr niilo f..r <-<)miiflltlv«
trnngportntion BcTvice Cdntlnux t4i ilolinr, owinu; to HhAru
& OHIO RAILROAD.
MOBILE
FORTY-SECOND ANNUAL REPORT-FOB THE YEAR ENOINU
JCNE
30, 18'JO.
The Boani of Directors of the Mobile & Ohio Railroad Company rosppctfully submits to the Htocltliolders the following
report for tho year eiuIiiiK June 80, 1890:
BOAU orKItATEO.
M.
RR.
AT. KK.
Mobile, Ala., to Coliimbn*,
Milrt.
471i
Ky.,
21
M.
M.
M.
A O. Ul{.
A (>. HK.
A (). UK.
.VliirliiMi
IDliiiiilius
Oienrii—
K
A
O.
t'oliiiiiliiic
Ky
E.Cairo, Ky
ti)
Itnmcli
Brniu'h
11
—
St.L AC.RR.
Bt, L. AC. RR.
Cairo, Ul., to E. St. Louis,
MlUatiKlt BraucU
1.510
III
0S7-0
Total
Main
O.
Main Side
Uain Side
Track. Track.. Track.] Truck.
itain
Side
Track. Traek.
filO
272-0
Kentucky
,!
20-12'
llO'O
41-0
Alahnnia
Mls.^lssiiipl...
16-«2
7-30
4-24
34-0
83 73
Illinois
493-0
A C.
Total.
Total.
Teniii'ssce
St. L.0U19
Branches.
Line.
RR.
I
20
«l-0
303-0
119-0
41-0
5-71
39-40
840
82-03
4H-30
7-30
4-24
527-0
6-71
34.^)-4iJ
IO-(i-J 13.-)(iJ
I
I
8112
12'
4-24
84-88
43-0
151-6
I
160-0
1-59
1
-30
36-27' 196-87
687-6 1-24-01 811
(11
The length of
from 12001 miles
sidings lias been increased during tho year
to 134-01 miles.
No other ohange has teen
made in mileage of either owned or leased roads.
1889-90.
Bevenuk and Receipts—
1888 89.
From f rclKlit
$2,090,797 07
S'2,333,019 77
Piissongera
462,314 15
438,76.5 57
Mails
54,334 32
52,911 91
Express
62,02714
53,580 10
Other sources
23,95030
35,456 61
$-2,937,643 68
Total
Miscellaneous Receipts
233,786 63
$2,881,474 08
$2,001,134 03
to earnings. .
$1,844,186
(63 06)
.
0-3
(64)
101,379 03
102,500 93
$1,070,919 23
$934,781 12
Interest diviileud on debentures
Interest on general mort. bonds
Interest on car trust, etc
$420,000 00
(iO,000 00
172,127 68
^19,982 00
1232,925 00
73,322 10
$420,000 00
60.000 01)
165,000 00
tlO,183 00
Total dl8bursen;ents
$978,356 78
$718,751 88
Surplus
lut. i)n 1st luort. extension bonds...
Rental St. L.
C.
A
1«80.
0*4
7
9^
33
9
8
10
Engines
Passenger ears
Paiscuger and baggage oars
Baggage and mail vara
9
32
,
Baggage car
Express can
1
S
Total passenger equipment
Freight cars-
94
Box-
1,294
,
05
i,onii
Fruit
Befrlgerator
Stock
217
09
KR
.
117
313
46
100
138
lao
500
297
48
2,884
2,425
198
2
3
4
2<K7
207
214
17^
187
OOI
Gondola
Coal
Flat
Cabooose
Total freight car equipment
Ballast, etc
Wrecking ears
Steam shovels
_
Plledrlvers
Total construction equipment
In addition thereto the Company had, under
lowing freight cars:
93 Box cars.
50 Coal
3
4
lease, the fol-
cars.
Ordinary running repairs
$36,482 21
General repairs, being a con)i)lete and entire overhauling
of all parts of the luacbiuery ol -27 eugines
63,203 79
Hea\T repairs, being tlioroiigli overhauling, but less than
general repairs, of 7 engines
4,834 00
Light repairs on all engines shopped for more than ordinary
repairs
6,596 00
Total charged in operating expenses
Disbursements—
Interest on Ist mortgage bonds
80, 1890,
1890.
During the year ending June 30, 1890, the balances due on
Car Trusts D. & H., covering six pa.ssenger cars and six locomotives, have been fully paid and the Trusts canceled.
$2,673,317 26
During the year ending June 30, 1890, there has been ex207,950 82 pended on locomotives and charged in operating expenses:
$3,173,432 33
Total
Operatiso Expenses
Per ot operating exp.
Taxes AND Insurance
equipment of the Mobile & Ohio RU. Co. on June
and the comparison with the previous year:
Conetructlon—
9-0
644-6! 11071
ToUl.
EQUIPMENT.
The following statements show the locomotive and car
87-74 614-74
RR.
nilnols
BriKing nuinajtrrii
fniliir.-
of coui(ietitive lines to make nn'l maintain rca-Mmable mtos
for services iH'rformo<l.
While rates are steadily decrriwinK, wa^ct for iikllM and
unskilled labor and the ooHt of many »( the mat«riiik mod (b
operating railroads arc steadily increasing.
Bpeoial cars
LOCATION OF THB ROAD BV STATES.
M. A
conipelilit)!!, hostile IcglHlntion nn<l
14
StaikvlUe BruucU
under Lrase
Opeiali'l
45^9
63,568 88
There has been expended in 1889-90 for cost of additions to
property and of equipment (not included in operating expenses) 3308,481 07. of which $139,413 94 was for new equipment and for principal of car trust obligations which matiu-e<l
during the year. The amount expended in 1888-89 for likepurposes was §160,198 99.
The gross revenue and receipts of all kinds and from all
sources from the operations of the Mobile & Ohio Railroad
and branches, and of the leased line and branch, for the year
ending June 30, 1890, and subject to the lease agreement with
the St. Louis & Cairo Railroad Co., amounted to §3,937,645 68,
against §2,673,517 26 for the previous year, 25 per cent of
1.50-040 of which amounted to §172,127 68 for 1889-90, against
?1.56,051 45 for 1888-89, being a surplus this year over the
guaranteed rental of §7,137 68, against a deficiency the previous year of $8,348 55. Other credits to income account not
subject to the lease agreement amounted to $335,786 65, against
1207,956 82 the previous year.
The gross expenses, including taxes and insurance, amounted
to $2,102,513 08, agamst $1,940,692 96 tlie previous year.
This increase is mainly accounted for by transportation expenses incident to the increased tonnage, and by expenditures
incident to cost of the general improvement in the condition
of the equipment and roadway.
The tonnage for the year increased as follows :
ir. a O. RR.
Tom.
Ton mites. Averaue haul.
as
$111,116 00
compared with $101,411-76 expended on same account the
previous year.
There has also been expended §3,576-21— cost of changing
from narrow gauge to standard gauge engine No. 49, and
charged to
new equipment.
The following statement shows the condition of the locomotire equipment at the close of the year ending Jtme 30, 1890,
as compared with the previous year:
.
1889-90
1888-89
Increase
Z.
SI.
<e O.
82-2,097
747,250
191,151,998
160,018,608
232-3
215-3
74,847
30,233,390
17-2
634,445
,568,061
64,623,057
57,457,823
101-9
101-1
66,384
7,165,234
RR.
1889-90
1888-89
Increase
Our
relations with connecting and competing lines continue to be of as friendly a character as can be expected, and
the interchange of business is fairly satisfactory.
•
Includes $17 700 i
$8,'850 5 *"**""* dividends on debentures In sinking fund
Includes $128,825 Interest dividends on debentures transferred to
the trustees of and for tho benefit and security of the gen. mort. bonds.
J
IncUn'.cs
1890.
1889.
Bnginet.
Enffinet.
69
18
4
4
3
Fair order
Needing general repairs
yndei'KOing general repairs
rgoing light repairs
Undcrc
46
31
-
8
11
2
98
93
During the year ending June 30, 1890, there has been expended and charged in operating expenses:
Os Passenger and Fheight EQcn-MEST.
Ordinaryrcpairs, etc.. In full maintenance of allFreight cars
$88,931 96
Passenger cars
2:1,782 28
15,708 64
Bervlce cars
$128,422 88
In addition thereto there have i)een built in
the shops of the company, to replace cars destroyed and condemned
43 box car*.
$18,886 58
14 stock cars
5,908 00
10 gondola and coal cars
3,249 07
SOflat cars
7,43945
300 00
3 c.iboose cars
361 00
1 iron coal ear under lease
:
$36,164 08
Total charged In operating expenses
as
compared with §146,439
21
$164,580 96
expended on same accoimt the
previous year.
Two wrecking cars, with tenders, tools, etc., have been built
during the year, cost of which, $6,013 09, has been charged to
new equipment.
The following is a comparative statement of the equipment
for five years
1889-90.
1885-36.
Engines
Pa^enger
Freight
Construction
1886-87.
1887-88.
1888-89.
67
52
88
87
59
98
65
98
64
1,642
2,262
103
2,429
2,4'J3
2,884
96
56
-231
207
ROADWAY.
*
t
"
Good order
During the year 1889-90 18 miles were jiermmently baland 178,019 ties put in the track, against 10 miles baland 106,408 ties put in track dtiring the year \9i&^.
lasted
lasted
THE CHROMOLE.
TOO
The
^ommtxtml giirces.
COMMERCIAL EPITOME.
CAPITAL STOCK.
company has remained unchanged
%\it
capital stock of the
since 1875.
Issued and outstandinK
(" listed" at the New
Exchaiitre) 53,206 shares, $100
treasury of the Company, Issue of
In the
"listed," 23.594 shares. $100
York Stock
$5,320,600
1873, not
„„^„ ,„.
S'SnJlX*
2,320,000
Total issue authorized by the charter of the Company..
$10,000.000
Unissued, 23,200
shai-es,
$100
* Of the outstanding 53,206 shares, the holders of record of
48,182 shares have, under the " Agreement for the ReadjustOhio Railroad
ment, &c., of the Securities of the Mobile
&
Company, dated October 1, 1876, granted and given power
and authority to the Farmers' Loan & Trust Company, in
trust for the benefit and security of the preferred Income and
Sinking Fund Debentures, to vote, in person or by proxy, upon
their said shares of stock at all meetings of said stockholders
which may be hereafter for any purpose convened during the
continuance of said Trust." Of the above-mentioned outstanding stock the Company owned June 30, 1890, 835 shares,
as stated in the balance sheet.
of the Company the
f And there is also in the treasury
above-mentioned 33,594 shares, the issue of which was authorized in 1873, to represent a like amount to the credit of
" Profit and Loss" at that time.
Friday Night, Oct. 10, 1890.
General trade has been very good, stimulated by the belief
that values generally will take a higher range when the effect
of the new tariff shall be more directly felt. An excited,
buoyant market for breadstuffs, the effect of speculation and
stronger foreign advices, was followed by some depression.
The speculation in cotton turned on conjectures and rumors
regarding crop reports. The weather has been fairly seasonable, much less severe than one year ago.
Lard on the spot has been rather unsettled, in sympathy
with the speculative feeling. The demand was moderate and
the close is firm at 6*05c. for prime city, 6'45c. for prime
Western and 6-40@6-90c. for refined for the Continent. The
speculation was generally without spirit. An advance oa
Monday was caused by the higher prices for corn, but it was
lost under the increased receipts of swine at Western points.
The market was a little stronger to-day, but quiet.
FUNDED DEBT.
The Funded Debt June 30, 1890, amounted to $16,339,230
(of which the Company held in its treasury $585,710 General NoTember
Mortgage Bonds), as against 516,518,920 on June 30, 1889, as December
stated in the balance sheet hereto attached. Reference is also
made to the note appended thereto, showing the additional
amount of $1,873,500 General Mortgage Bonds held in its
treasury by the Company for its general purposes, of $1,037,000 First Debentures transferred to and held by the Trustee of
the Sinking Fund, and of $7,353,400 Debentures transferred to
and standing of record in the name of the Trustee of, and for
the benefit and security of, the General Mortgage Bonds, including the power and authority to vote thereon at all meetings of the registered holders of the Debentures as they may
be instructed by the holders of the General Mortgage Bonds
whose names shall then appear upon the "Voting Register"
thereof.
The total authorized issue of bonds, under the General Mortgage of May 15, 1888, amoimts to $10,500,000, of which there
have been issued and are outstanding, June 30, 1890, as follows:
In exchange for Debentures surrendered and transferred
to the Trustee of the General Mortgage
To fund March coupon and one-half of September, 1889,
coupon
In the Treasury of the Company
$7,180,420
313,500
585,710
Totaf issued and outstandine
Is on deposit with the Farmers'
to exchange for the balance of
the Debentures
In reserve in the Treasury of the Company tor
its general purposes
$2,187,000
1^88 amount issued to fund coupons as above.
313,500
$8,079,630
In addition thereto there
Loan & Trust Company
210,370
Since June
1.873,500
336,500
$10,500,000
th^e have been
"
"
4th
1st Debentures in Sinking
Fund
$8,650,000
SINKING FUND.
was held by the Farmers' Loan &
Trust Company, Trustee of and for account of the Sinking
Fund, $1,037,000 First preferred Income and Sinking Fund
Debentures, as compared with $840,000 so held June 30, 1889.
an increase of $197,000, resulting from the investment of the
proceeds of laud, &c., received from the Land Department
and of interest dividends upon Debentures in the Sinking
^
Fund.
The total amount of General Mortgage Bonds canceled by
the operation of the Sinking Fund is at this date $336,500.
Tlie usual tabular statements, showing the details of the
business of the year and the condition of the Company at its
80, 1890, there
appended hereto.
The Board
desires to express its thanks to the officers and
employees for the uniform fidelity and efliciency with which
tlieir duties have been discharged during the year.
By order of the Board,
J. C.
CLARKE,
Pvcs'idicii t
Mobile, Ala,, October
693
1,
1890.
Fri.
6-47
6-5»
6-74
6-94.
dull but firmer; quoted: extra mess, $7® $7 50; packet, $8®
$8 50perbbl.; Extra India mess, $13® $14 50 per tierce, and
family, $9@ $10 50 per bbl. Beef hams are again lower and
bbl., with more doing at the reducCut meats have been quiet and are partially lower;
quoted: pickled bellies, 6^i@T}ic., including those averaging
12@10 lbs. at 6i^@6Xc.; also pickled shoulders 5}^@5%c.
and hams 9i^@9?^c.; smoked shoulders 6@6J^c. and hams10J^@llc. Tallow lower and more active at4Jg@5c. Stearin©
Butter
is quoted at 7^8(3 8c. and oleomargarine 6%@6^c.
quoted at $13(3813 50 per
tion.
firm at 18(5 24c. for creamery. Cheese firmer at 9@ 10c. for
State factory, full cream.
Coffee on the spot has been fairly active and closes steady
at 18Jgc. for No. 7 Rio, but the business for to-day was quite
smaU. The speculation in Rio options was quiet early in the
close
was
;
steady, with sellers as follows
October
November
December
January
February
17 35c. March
18-2.50.
17- -50.
1
I
16-700.
16-25C.
16-15c.
:
I
April
May
leooo.
15-800,
1
—showing a small advance over last Friday.
;
on Wednesday was
at
weaker
prices for
Congous and
Kentucky tobacco has been very quiet. The movement ia
seed leaf continues to show a falling off, and sales for the
week are only 2,340 cases as follows 800 cases 1889 crop. State
Havana, 13@14c. 600 cases 1889 crop, Pennsylvania seed leaf,
9(3 13c.; 340 cases 1888 crop, Pennsylvania seed leaf, 10@13c.;
150 cases 1889 crop, Pennsylvania Havana, 13@14c.; 250 cases
1889 crop. New England Havana, 18(3 28c.; 300 cases 1889
crop, Wisconsin Havana, 10(ffil3c., and 200 cases sundries, 6(g
20c.; also 700 bales Havana,65@$l 15, and 3,500 bales Sumatra,
$1 40@$3 75.
On the Metal Exchange Straits tin closes quiet and steady
at 23c. on the spot and 22c. for December. Ingot copper is
neglected and nominal. Domestic lead has been advanced to
Domestic spelter is firmly held
6c., but is entirely nominal.
at 6c. The interior iron markets are unsettled in tone, with
an increasing desu-e to sell; but there is a good demand for
manufactured stock. Steel rails can be bought cheaper.
Refined petroleum is quoted at 7-40c. in bbls. and 9-65c. in
oases; crude in bbls. 7-35c., and naphtha 7-30c.— a decrude certificates closed at SOi^u- per bbl. The specucline
lation in the latter has been quite dull. Wool is more active,
and pricas slightly firmer. Hops are dull, but prices are pretty
well supported. Domestic fruits, fresh as well as dried, are
very scarce and dear. Ocean freights are dull. There is little
to go forward, except cotton and petroleum,
;
.
6-75
7 01
:
Xotal authorized Issue
close, are
6-79
700
Thur.
6-46
6-58
6-72
6-93
Pingsueys.
7,407,300
On June
6-48
6 60
Pork has been moderately active, but prices have favored
buyers and the close is quiet at $11 35^ $12 for mess, $10 50i3
$11 for extra prime and $13@$14 25 for short clear. Beef is
sale
$4,206,700
1,739,500
588,200
872,900
"
"
6-54
6-73
6-94
6 ll-16c.
:
1st Debentures
"
Tuet,
6-6-i
Molasses quiet the trade in new crop New Orleans
has not opened for the season. Rice very steady. The tea.
Transferred to the Trustee of the General Mortgage October 1, 1890
2d
3d
4th
lion.
6-54
6 65
6-79
Bv-iO
Raw sugars have made a material advance on stronger
European advices and very small stocks here, and close at 5^
@5%c. for fair refining muscovado and 6c. for centrifugal of
96 degrees test. The sales to-day embraced 45,200 bags centrifugal at the quotation to go to Philadelphia, and 10,847 bags
11,800
27,100
84 degrees test, at 5c. Refined sugars are in de$205,700 Pernambuco,
1,037,000 mand and firmer; crushed, 7 l-16c., and granulated, 6?^®
:
8d
Wed.
8at.
6 47
week, but yesterday and to-day showed some activity on adfrom Brazil prices advanced and the
further exchanges of
Debentures
consequently increasing, the General
Mortgage Bonds issued to $8,134,760, at the same time reducing the amount of Debentures, not held either in the Sinking Fund or in trust for the benefit of the General Mortgage,
from $259,600 to $205,700, viz.
l8t Debentures
$56,300
"
2d
110,500
30, 1890,
for, and
DAXLT CLOSINQ PSICES OF LABD FUTUBIlS.
delivery ....c.
delivery
c.
January deliveiy
c.
March delivery
c.
verse crop accounts
Canceled by operation of the Sinking Fund
Total authorized issue
uB
rvoL.
;
..
October
THE CHRONICLR
11, 1S90.1
COTTON.
F~RIDAT. P. M.. October 10, 1890.
as indicated by our toloKrainR
given below. For the vrc^k ending
this evening the total receipts have reached 296,119 hales,
against 216.0.'J8 bales last week and 311, S22 bales the previouf
week, making the total receipts since the Ist of Sept.. 18U0,
l.iaa.'si.^ hales. nRainst 91)1,782 bales for the same jx-riod o(
ISSU.'showiuK an increase since Sept. 1, 1890, of 187,783 bales.
Thb Movement op the Crop,
from the South
Stceipti
at—
to-niRht,
is
Hon.
Sal.
Wed. lrAur».
Tuet.
Frl.
Total.
I
El rase, Ac.
irew Orleana...
9,336
7,856
5,808
53,019
302
8,314 15,005i 10,620
Oalreston
302
Aavaunah
BrunsWk, &c.
0,124 17,531
Charleston
Port Roj-al.&c
3,349
5,606
4,474
5,993 10,808 73.532
1,319 1,701 13,803
7,099
7,009
5.904 10,168 9,088 58,001
11,418 11,418
2,973 23.320
8,407 3,421
Wllminf^on
Wash'gton.Ac
Korfolk
1,464
2,698
2,057
1.227
1,391
1,029
3.950
1,422
5.341
2.919
6,788
4,540
4,739
3,916
2,403
4.799
2,073
0,513 19,992 21.720
3,134 2,407 3,311
Uoblle
9,816
1,781
Florida
—
5,880
0,866
23
28,533
14,581
23
West
Point...
N'wp'tN'B,itc.
624
423
140
Sew
York
Boston
Salttmore
100
131
39
I'hllailelph'a,<)cc
104
2
362
19
423
140
206
137
137
561
1,113
Totals this week 40,331 67.228! 58.530 33.605i 30,933 59.492|296.119
1
I
For comparison we give the following table showing the
week's total receipts, the total since September 1, 1890, and
*he stock to-niglit. compared with last year.
Beeeipla to
October 10.
<Jalve3ton...
El Paso.Ac.
Hew Orleans.
Mobile
Florida
fiavannah. ..
Brun3.,&o.
Charleston ..
P.Royal.ic
Since Sep.
242.981
52,456
213,377
302
733
187
224,628 74,522
50.222 13,447
7.917
240.724 60,131
27.407 21,355
121,864 16,307
25
25
58,923
9,049
67
31
103.444 21,243
44,735 13.382
1889.
579
73,532
13,803
7.099
58,601
11,418
23,320
9,866
23
634
411
644
Ac
1,113
66,208
89,371
15,994
125,173
10,610
237,192
28,995
85,816
104,011
6.981
44,935
84,291
4,200
20,474
28.358
72
50,075
47,256
1,226
19,474
11,838
35,659
11,307
142
175
966
28.757
5,500
3,432
2,927
27,147
4,800
1,232
1,678
46
42
217
899
2.204
69,254
242,788
53,318
316
1,952
137
..
200
1,401
296,119
Totals
1890.
63,019
28,533
Pliil'del'a,
Stock.
Since Sep,
1, 1889.
Week.
1,
West Point. 14,581
NwptN.,Ao
423
trew York. ..
140
Boston
206
Baltimore.
Tliia
1890.
Wilmington
Wa3h'tn,4c
Norfolk
1889.
1890.
Th is
Week.
091,782
426.294
368,658
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Beceipti at
—
1889.
1890.
Galv'ston.Ac
New Orleans
Mobile
fiavannah. ..
1838.
1887.
1886.
we
1885.
53,321
73,532
13.803
58,604
23,320
9,889
28,533
15.004
20,113
52,643
74,522
13,447
60.131
16,332
9,030
21,243
13,698
12,513
35,346
64,733
8,439
42,795
29,309
13,658
30,421
19,581
5,862
37,774
81,477
9,582
55,743
23,294
10,576
25,339
22,358
5,733
32,975
62,334
7,758
46,313
30,410
8,295
26,375
12,001
3,827
40,712
65,027
8,607
38,337
31.596
8.343
23,011
12,716
3,142
rot.tblsweeki 296.119
273,609
250,644
276,876
230,288
231,491
Bince8ept.l.ill29,515
991,782
744,143 1182.838
816.779
858.726
Charl'st'n.Ac
Wilm'gt'n.Ac
Horfolk...
Point, Ac
All others
Wt
for the week ending this evening reach a tota 1
of 175,048 bales, of which 123.291 were to Great Britain, 11,989
to France and 39,768 to the rest of the Continent. Below are
the exports for the week, and since September 1, 1890.
The exports
Week Ending
Exported
Export»
from-~
Oct.
—
From
]
Sept.
1890, to Oct. 10, 1890
Exported to—
to
Ortat
Contt- Total
Orcat
BriCn. **<»«« nenl. Week. Britain.
I
\
I
Galveston
New
Orleans.
Pensaoola.
garannah
Brunswick
1.
19,879|
24,e89i
700
6,389
6,416
7,003
20,679
86.191
7.000
1,050
1.060
6,700
31.167
11,771
8.500
....
e,roo
Charleston
Wllmlnxton...
Norfolk
11.126
16.091
7,600|
7,271
West Point....
8.600
8.805
N'portNwB, 4c
New York
18.657
Boston
2.20<
Baltimore
8,805
1.723
8,085
28,012
60
1.360
2,261
6,875
1,162
88,159
100.1
Franu
1,891
19,062
Continent.
17.128
29.011
25,731
138,111
7,000
65,511
28,711
11,357
87.559
20,197
72.571
6,188
2,225
7,207
660
We
&
On
Oct. 10,
17.128
63,032
10,088
87.569
20,197
26,219
100,015
183
8,671
11,323
8.166
at-
Oreat
VewOrleani...
K0bl.e
Ooarleston..
..
TotM
BOS
123.291, 11.968
Total. 1889.... 121.821
508
608
11,668
508
89,768 176,018
133.128
32.071
112.953
608,162
11,028 111,117;
855,751
9,913
101.375
537.072
Other
BaTannah
UaWetton
Norfolk
New York
Other porta....
18.726
7,000
4,000
11,400
25,020
21,000
9,000
16,000
2.900
2,500
107
Coastwlte.
Ifone.
None.
1,850
5.969
6,000
None.
16,008
87,517
52,918
20,110
13,054
Total 1839...
ToUl 1888...
61.082
1
1
44.129
42,062
20,665
]
20.136
20,284
Mw*.
Tout.
None.
None.
2.800
4,600
8,865
5,000
None.
None.
19,577
None.
11,000
14,000
8,940
9,591
None.
Total 1890... 107,195
a
47394
1
<
41,917
7,000
19,800
33.000
37.911
26.000
12.315
21,000
17.318
16'.443
904,910
172.201
137,218
221,384
196.4.17
|
270.719
>
The speculation in cotton for future delivery at this market
opened the week under review at weakening values, under
the report of clear or clearing weather at the South; but on
Monday partial rains were reported quite heavy at some
points in the Southwest and the market took a stronger turn.
Then it was reported that the forthcoming report from the
Department of Agriculture upon the condition And prospect*
of the crop on the 1st of October would be quite unfavorable,
and values made a smart advance. But on Wednesday Liverpool showed no strength, and the weather at the South improved. It was believed, also, that the etfect of an adverse
Government crop report had been "discounted." General selling followed, and prices lost most of the recent advance. Yesterday a weaker opening was followed by renewed buoyancy,
on the receipt of buying orders from New Orleans, and the renewal of rumor and conjecture concerning the forthcoming Government crop report, but there was an easier
closing.
To-day the market was dull and nearly nominal
—
—
until
the
Government report was
received.
was
It
better
than generally expected, and there was a decline of 15(^17
points from the highest figures of the previous 48 hours. In
the last hour there was a slight recovery, due to buying to
cover contracts and the smaller receipts at interior towns.
Cotton on the spot has been fairly active for home consumpQuotations were reduced l-16c. on Wednesday, but
tion.
made an equal advance on Thursday. Stocks continue small
on this market. To-day the market was dull and weak at
\Q%c. for middling uplands.
The total sales for forward delivery for the week are 449,800
For immediate delivery the total sales foot up this week
bales.
for export, 3,4 16 for consumption,
3,416 bales, including
in transit. Of the above
bales
for speculation, and
were to arrive. The following are the official quotations for
each day of the past week October 4 to October 10.
—
—
—
—
UPLANDS.
V
7%
7%
lb.
7\
Wed
Til.
7ilw
J!Ion;Tnea
Sat.
Ordinary
Strict Ordinary
Qood Ordinary
Strict Good Ordinary
Low Middling
Strict Low Middling
Middling
Good Middling
Strict Good Middling
Middling Fair
7%
11%
GULF.
llii|«lll»
non
Sat.
V lb.
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary
Low Middling
Strict Low Middling
MIddline
Good Middling
Strict Good Middling
Taesi Wed
7'a
839
839
9M
9^
9"ie
8Ji«
Sli«
9»i8
103,,
103kt
10%
10I3l«
11-4
11%
Vrt.
Ttk.
8%
838
Ok
Wtlm
7\
8»i«
8»i«
§?'•
9l|<
9i,a
9
9li«
ft"*
9>s
9>a
9i»,«
9l»i» 91»16 91»i, 9'8
10',,
103,« lOH,, 10i,g I019
1039
103e
\0H 10 'IS 1039
10»8 ilO»8
lOOfl
10»,. jIOOb
lOiSi, 10l»,»101»,» 10%
10l>u
ll"* 11>4 |11>4
113], lim
Fair
9iiif 911,,
..,
9'4
9>«
911 IS
911,
9=8
IOI9
10»8
1019
lo^
901i« lOie
lOSig 10%
10%
1038
1039
10=9
lO'.g lOfia
109,6 10»,« llO»,« 10>i
10lJ,t'lOWi6
lOtSie lOlSif 1013,f!10%
jioi»,gii
11
11
11
\\1H" 11',, |llT„
ll'js 117,8 1117,, '-]« '"1«
lli»i,lllit,i
lli'if lli^.!lli5|«!117,
MlddUng Fair
93,.
'a
Fair
STAINED.
Sat.
Good Ordinary
Strict Good Ordinary
*lb.
Low Middling
Middling
I
7»a
S^e
Ol,,
9^8
I
non Tnea Wed Th.
8%
7>4
8>9
91,,
979
979
71a
7'«
8>8
7'i.
8l|e
9
9'»i»
9''8
Frl.
7>*
8%
SI**
MARKET AND SALZS.
total sales of cotton
on the spot and
for future delivery
each dav during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same
days.
gJlLES
SPOT MABKET
CLOSED.
Export.
Friday... [Easier
Total...
OF SPOT AHD IBASSIT.
Con- Spec-Transump, vi't'n sit.
Sale* of
Fuluret.
Totai.
I
193
193
455
734
705
714
616
4.'>5
714
615
34.200
53.000
66.200
61.700
80.300
142.60O
3.416
Saturday Easy
Monday.. Quiet A steady.
Tuesday.. Steady
Wcd'day Steady at h, dc.
Thursday Steady at l,6ad.
.
Pbtla(lelp'a,&c
BhtpboartI, tio( «UarMi-/br
BrUaln. France. Feireitn
The
98,673
18,871
12,263
6,250
In addition to above exports, our telegrams to-night also
give us the following amounU of cotton on shipboard, not
cleared, at the |>orts named.
add similar flgures for
New York, which are prepared for our special um br Ueeera.
Lambert. 84 Beaver Street.
Carey, Yale
Total
10,320
7,000
33.251
601
3.416
449.800
734
70.'>
.
'
;
:
The Sales and Prices of Futures
are
shown by the
following comprehensive table:
a
>-M
•^
s
o'^SFS'
1
gS-og
Eiles,
losing rices
day,
o
3
•
>
CR)
cK!;
;
go
in
1
e
•
,
•
CO
85
:
1
ft
'5
<
(r
o.M<ia.
oci
> M00 5 CO
MM
tOM
''
-^
^-M
,i§
csce
««-:
1
w,i
MOO
0(«
MO
s m5
1
ri
-a
lito^ti
©
<
*4
aoc
99 ? 99
amK>i
MClfc"^
9to
t>-
"«
8
1
5^
2
t^^
1
ccoo
f'h'
00
^*^
®.-^:
05 <1
2
»r^:
1
M-i«M
lOtO^tO
OOCO
CM
CO
99 < KS
toto
2 toto
WMM^ 00
t-
<
bIJ
y't-'
CDOiM'^
8.=:
1
Mmmi-'
^1
(>.
8.-:
1
t*
5
2
"^
8.«=:
1
1
MMM*^
00
h
eg
K)
CC5M'^
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ar:
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00 ^ 99
toto
2 toto
CCMM"' aw
a.":
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<
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«H
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O
OO
5
00
ciw
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oi to la
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^
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5
2
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<ii^
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1
1
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to
f->-
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WW
WW
•3
•
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S'.«:
1
MM > MM
99 < 99
tow
2
1
lOM
sr:
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1
i>1
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•^
to
to.
-i
2
<
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s.*':
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l^M
iS.ifc®ito
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MM
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^:0 05 OIO 05 00 CD
10
MM > MM t> MM >. MM >
99 ? 00 5 99 ? 9° i? 00 5 99 ?
2
"^
if-i;^
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58
tco
2
-"
QJ'cJ"
MO
2
1
c;im
MtO
2
'I
W01
ato
2
^
li^lt*-
CDOD
&.»:
8.";
s.^':
Si-:
a.";
MMMH
MM!5M MMOiM MMCCM
COCO OCOO COOO COCO COOO
8 8I Ibdi-frOioi^lli.
d ° ci 0"0'i®U wo.®
WtfV CCO' M ^<1 w CO CO
tf*^
MM > MM
M
OO 5
00
1
1
1
1
1
H>
VI
'Ji
to
CD
'^
1(^1^
o>
cc
tll-
o
o
Oo,
WVl
CCCS
99 ?
»
OiOt
MOJ
"
b»
5
CO
CJIC5
1
ceo
?
99 2
wo
C505
"^
s
0, 00
;
1
*-*
)t»'l-'
or
05
at Rotterdam
at Antwerp
at Havre
at Marseilles
at Barcelona
at Genoa
at Trieste
200
300
4,000
101,000
3,000
12,000
5,000
5,000
8,000
52.000
4.000
22,000
9,000
6,000
300
700
200
700
71,000
2,000
25,000
5,000
7,000
142,000
2.000
17,000
5,000
12,000
Total Continental stocks
152,400
117,800
126,900
250,900
Total European stocks.. ..
India cotton alioat for Europe.
Amer.cott'uaiioatfor Europe.
Egypt,Brazil.&c.,aflttorE'r'pe
Steele lu United States ports..
Stock in U. S. interior towns..
United States exports to-day.
641,400
33,000
395,000
31.000
426,294
75,016
31,328
484,800
41,000
342.000
25,000
368,658
76,120
51,482
405,900
32,000
197.000
11,000
407,928
116,036
29,933
719,900
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
HIM
»
1
U'ii
tfkW
Total East India,
1
1
1
:
1
:
484.400
316,800
246.900 542,900
959,897 1,403, 14»
1,148,638 1,072,260
240,000
39,000
167,900
60,000
36,000
1,633.038 1,389,060 1,206,797 1,946,049
5^d.
10%c.
New York
6i4d.
lO^sc
imports into Continental ports this
|]^~ The
aa.OOO bales.
S'ed.
OiiigC.
5'4d.
9140
week have been
The above figures indicate an increase in the cotton in sight
to-night of 243,978 bales as compared with the same date
of 1889, an increase of 436,341 bales as compared with the
corresponding date of 1888 and a decrease of 313,011 bales
as compared with 1887.
At THE Interior Towns the movement—that is
the receipts
the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1889 is set out in detail in the
following statement.
week, and since September
1,
—
33
1.
959,897 1,403,119
109,000
9,000
78,900
32,000
18,000
&o
Total visible supply
PriceMld.Upi.,
c~— -Pes®
_ti+=1—'^
— ™". —
a
"^
^.'j ^^-i'
^
P
*"
scxn^>><>
o»
O
s
M-
—
t-C
to
t>
%
5^
<»
"^
fe
OD
So
^'^
1
!>
!»-*-
o® •^' ^:
Oi.ti
P
SS
«-• cp
-- u- IV
•
,-.
—
'X''''t-''.
83
<
IB.
:j
1
CO
9'
II OS
cc 'X
fe
'
1
(;o,000
399,000
36,000
526,325
179.580
25,244
CJt
"<
^4
469,000
4.500
38,500
29,000
156,000
21.000
73,800
41,000
25,000
Price Mid. Upi., Liverpool....
b>i
"^
to
M
279.000
2,500
9,400
4,000
285,000
29,000
106.400
33,000
31,000
American
Total
e®:
sr:
s.»=:
8
18
er;
^^^t~i
OOOO MMtCM MMfP'M OOCO HHfF^M OOCO «c
000© OOOO y^h^ODt-' 0000
CJ'V*<J»
d CT ddOd dd^d dd*d 01 CT ®
M ^^ ^ WW
ceo o w*.
oto M
§
OO !J 9
00 ? 00 5
< 55 ^ 00
2
^ MM 1
" 05M
-JC5
oco "
^ c
5";
9>»:
S
8r;
8
8
MM
M-tCM MMUIM *^*-'^^
ccoo OOCO CCOO coco OOOO coco
3
o wd'^w -j-j®-j
-•l-j»d dd'=d dd^d
QCCD
XCO
00
too CO ona00
10
M
M^-GDW
^*'
367,000
1.600
9.900
5,000
1,148,638 1,072,260
Continental stocks
India ailoat for Europe
Egypt, Brazil, <feo., afloat
for the
jj
O)
? 99
'
ti
So
>>i
®lf>.
'
C»
9|
2
h
2
"«
i^^^b.
-J05
t^
CC
0
^
oq
tl>
oooo COOO OOOO OCOO OOOO 0000
C,^
o
489,000
2.200
18,000
2,000
s
tt
M
^i-
2
>
1
1
It.*.
to
»
1
8.-':
8P:
e'»:
®s.=":
h^^:a^
^^^t^
MM&2M
OOCO OOCO OCOO OOOO OOOO OOOO
tii^CO rflrfL^rfl COHi-CO *.i;lC«l cow®w ww^w
*^*CDr«*-J-J
w
OO O oto
1
«7r
c:©
O
o
*-w
ctx
Bremen
at Amsterdam
Stoclt at
Londonstock
T
tt^
it>-
Total Great Britain stock.
Stock at Hamburg
Total American
Etist Indian^ Brazil, dc,
Liverpool stock
s
w
5
2
CjttOtO'^
1
1
^
r*
t-^>-t>-^}~^
05C0
05
00
99 ? 00
cow
figures for to-night (Oct. 10), we add the item of exjiorts from
the United States, including in it the exports of Friday only.
1890.
1889.
1888.
1887.
Stock at Liverpool
bales 460,000
346,000 270,000 430 000
Stock at Loudon
29,000
21,000
9,000
39,000
Total visible supply
1,633.038 1,339,060 1,206,797 1,946,049
Ofthe above, tlie totals of American and other de.fcripiious are as follows:
America?! —
Liverpool stock
bales 175,000
190,000 161,000 190,000
Continental stocks
46,000
44,000
48,000
83,000
imerican afloat for Europe... 395,000 342,000 197,000 399,000
United States stoclj
426,294 368,658 407,928 526,325
United States iuteriorstocks..
75.016
76,120 116.036 179,580
United States exports to-day.
31,328
51,482
29,933
25,244
^
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tito^ti
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:
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c.
1^
paid
M
52 -^ OJM M
*300§
^coci
®
•
jq
1
,..,
O
«.
lt^
Oct.
(r
7
(r
(r
•
10
§
paid
Oct.
lis
total...
total...
total...
paid
[Vol.
urday,
Oct.
;
CC
8
rices
osing
Oct.
o
n;
•
*^
CO
lies,
Qday,
ay,
ing es 8,
total...
ffi
R
0»tJ5?9
Clos Pric Sale lesd
paid
5'c
6!
Si
o>T}g?J
£-aE5
ing es s,
1
H
H
-3
Ohjcci
S=T» &
1
,
THE CHnONlCLR
6022
r
o
;
'
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1
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:
1
OAMOXTO w'f^'^Ox'tOOiKOWH-
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aw^cjuto
to
qc;»-qrfi.K-^OXtO*-rfi.OSH-l-g<I
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o"^ co"ai V « w X OS O ^ O M QOi a:"bi CO
CS0"OU'--J0O-JXC0a:X-^*4OOXM*»-
w;
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1
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to
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Includes sales in September, 1890, for September, 228,300.
i:n
=;p
^^ We liave included in tue above table, and snail continue each
veek to give, the average price of futures each day for each month.
3; rc to
My.r^CO**^
:.t
^
Hbo
M
)-^
cccoc;iMMeo
pcou#* WpiOCii<ll0O5tOMXpC0^t0X
cow
^'pCi
li
MM CO CO MM
MM-jtoxuo;;'t-'dr*'COwwt;-ctco
O
O
S
to
x o c"^ c;'r-':£ w "b to *.x Vb o; w
© -J f to oi to o ti ic o c; CO X ^ O to X
(c cc'^
it»-
c c'M'ic*»p.o<b'l,^'i»'^"'-'V."'»*Ci:ccb)oxos
w ^S cc CO W to tC to C wt ^ — to X — 14 c
c;^»'ff*xcoVas
*
*'XO«Crfi.OO:CH'®a'tOM31CO
~ 1 w -g ^ -J a p- M *> ^ xi© It- to
«H
Oi-*
1
MKi
hi
cc
1
1
M
XtnO^MM CO
Wr--J*-CCCS
00
d ^d
CO
«
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1
KM
So ^
>
1
to
to
1
i>
1
1
:
i
!»•
1
8:
t
H
1
1
>
P»
^
1
M
55
S
8
MMWM
99S9 0000
-l-l*-!
.i-j=>-j
>
t^
1
<i
to
-1
nil
li
>
1
:
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-1
1
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<
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9i 29
d' ®<»
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<
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J
jt-
w to
CO
c o X H' -a
rf*.
lO^COCOO'OU'COMit^rfi-COCCO'-tf^tOCJCDCO
CO
5£
It
will be found under each day following the alibreviation " Aver." The
•verage for each mouth for the week is also given at bottom of table.
OCSO-
Trausferable Orders— Saturday,
c; Monday,
c; Tuesday
Wednesday, 10-25e.: Thursday, 10-20c.; Friday,
c.
01 OS
X r-'MCOVci'tf-'^lo 'rf^b »- CS-^J^lbx^
itfc®<3toccwtf*o:c»x;oooT-joi'^ocjto'»
tOr-l-J
h-
XO
MCCtnoCOH-tOM(t*OMOXCOtOtOOCO*J
10'25c.;
The following exchanges have been made during the week
•07
•14
•07
•06
•06
pd.
pd.
po.
pd.
pd.
to exch.
to exch.
to exch.
to exch.
to exch.
500 J an. for Feb.
300 Feb. for April.
100 Feb. for Mci.
300 Dec. for Jan.
300 Oct. for Dec.
•07 pd. to exch.
•03 pd. to exch.
•20 pd. to exch.
•07 pd. to exch.
700 Mch. for April.
300 Oct. for Nov.
200 Nov. for Fel).
100 Nov. for Dec.
The V isiBLE Supply of Cotton to-night, a^ made up by cable
and
telegraph, is as followt. The Continental stocks, as well as
those for Great Britain and the afloat are this week's returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
^ X c; -1
rf*
w
ci'
w"Vo OS MOi "c »^ (^ to Ot CD"^1ob o*
COOS-^OM^IOMMto»t»<IOOtnXCJMCJi
"ccV
^1
"**».
cDwcjiiococ^'^iff* c;'0'r-cs>;>.cocoto^tox
tOXCDi-'
t This year estimated.
net" 4u both years.
show that tlie old interior stocks have
increased during the week 12,951 bales, and are to-night 1,104
The receipts at
bales less than at the same period last year.
the same towns have been 14,939 bales less than the same
week last year, and since Sept. 1 the receipts at all the towns
are 58,516 bales more than for the same time in 1889.
*
Louisville tlKiires
The above
**
totals
OCTOBBR
THE CHRONICLE.
11, 1890. J
^8
Quotations for Middmno Cotton at Other Markkts.
Columbia, Texas.— U htm hem thowerr on on.
i(,o
week, the precipitation reaching tbirty-nireo hn
of
an inch The thermometer haa arermged 76, the 1.,km.-<i .nnna
^
88 and the lowest 62.
Cuero, Texas.-Picking ia actlTp.
There had been on«
OLOStMO QDOTATIONS rOB MIDOLmO OOTtOM ON—
shower the past week, the precipitntlon reaching clirhtMii
If«* ttuling
'M. 10.
hundredths of an inch. Tlie thermometer luii averagefl 64
Tuet.
Satur.
UOH.
Wfdnet.
Thurf.
m.
»
1
ranging from 42 to 86.
91B„
10
10
Galveston
10
hrmtham, Texas.— QocA progress is being made In gathering
New Orleans i8""
10
101m
the crop. The rainfall has been light during the week— thirty9''g
9'8
9Th
Mobile
t»T8
eight hundrcdtlis of an inch on one <lay. The thermonMter
Bariiiinah..
9!|1
0^
0\
9^
OH
9%
Charleston.
»H|.
9%
9%
has ranged from .5H to 90, averaging 74.
WlliiiliiKton
9>».«
0%
9%
9H
i>\
Belton, 7'&ra«.— Altliough ir Iish raine<l heavily on one day
!?"•
Norfolk
10
10
10
10
10
of the week, no harm resulted. Thepri-cipitation reached two
Bof>toii
10%
10%
10%
10%
10%
10%
IOI4
Balliinore..
10>4
lOM
inches. Average thermometer 74, highest 94 and lowest 54.
I0>4
10^
1014
Fliiliulil|ihla
10!l(
10%
10^
10%
10%
10%
Weatherford, /fecas.— Picking is active. Thefe has b«eii
AuKiiKla ..
9!%
»%
95iai»i«
9%
,«.»,.
one shower tho past week, the rainfall reaching sixty honM(MIII>lli3 ...
10
10
10
10
i8"'«
dredths of an inch. The thermometer has average<l 71, the
10
10
10
10
8t. I-lllIlM
10
10>4
1014
Chirinnatl ..
10>«
lOM
lOVi
1014
highest being 88 and the lowest 54.
LoitlMllln. ..
10%
10%
10%
10%
10%
10%
iViw Orleans, Uniisiana.—We have had rain on one dav of
The closing quotations) to-day (Friday) at other important the week, the rainfall reaching eighteen hundredths of an
inch. The thermometer has averaged 76.
Southern markets were as follows:
Shreveport, Louisiana.— The week's precipitation has lieen
Atlanta
9iSi« Llttlo Rook ....
9% Rnlelgh
d^ifa one inch and forty-seven
hundredths. The thermometer has
Coliiuiliiis, Ga.
9% Rome
9% Mouti^omery
0\
9I4
Coliiiiil>ii!i,Mlu
Nanhville
Selma
O'^a
9% ranged from 56 to 88, averaging 63.
EiifaiiUi
9^8 Shreveport
911,, Natchez
9%
Columbus, Mississippi.— "We have htul rain on two davn of
Receipts From the Plantations.— The following tabit the week to the extent of seventy nine hundredths of an inch.
Indicates the actual movement each week from the plantations. Cloudy and rainy weather continues. Average'therir.ometer
The figures do not include overland receipts nor Southern 71, highest 88, lowest 54.
consumption; they are simply a statement of the weekly
Leland, Mississippi.—; Telegram not received.
movement from the plantations of that part of the crop whicl
Clarksdale, Mississippi. The week's rainfall has been one
finally reaches the market through the outports.
inch and two hundredths. Cotton is claimed to be sprouting
i
In tlio Uil)U) Ix'low we give the olosing quotations of miililliiig
cotton at SoutliL-rn and other principal cotton marketa for eucb
day of tlie fmst week:
.
.
—
in the boU.
Wuk
RfceipU at the Ports. St^k at Interior Ibvmt. Bee'ptt from Ftant'Tu
Bniitn^—
1888.
Sapt. £..
"
12.
•'
19..
Oct.
3..
10
3».ia4
15,691
I
1889.
188S.
1890.
1890.
1889.
1888.
1889.
!
1890.
I
67,452 »2,.589
92.Vtm 124,368
17,828
21,291
17,767
28.022
89.877 136,348 171,708 36,608 26,529
128.399 191,833 211,522 61,474 39,762
190,568 245.374'at6,938 98,210 76,761
'2S0.«t4l27.'!.()fl9 296,119 139,1167 111.205
The above statement shows:
1.
18,895 41,837 66,492| 99,5il5
25,434 49,1,54 98,249' 130,90?
35,821 104,894' 130,855il81,S'.)5
55,517 153,365 205,066 231,418
80,284 227,304*282,373 271,705
99.174 282,101 3O8.O53I315 009
1
—That the total receipts from
the plantations since September 1, 1890, are 1,215,076 bales; ir
1889 were 1,090,543 bales; in 1888 were 868,435 bales.
2,— That, although the receipts at the outports the past week
were 296,119 bales, the actual movement from plantations was
815,009 bales, the balance going to increase the stocks al
the interior towns. Last year the receipts from the plantations
for the same week were 308,058 bales and for 1888 they were
292.101 bales.
Amount of Cotton in Sight Oc!t. 10.—In the table below
"ve give the receipts from plantations in another form, and add
to them the net overland movement to Oct. 1, and also the
takings by Southern spinners to the same date, so as to give
ijbstantially the amount of cotton now in sight.
1890.
Receipts at the ports to Oct.lO 1,129,515
Interior stocks on Oct. 10 in
excess of September 1
85,561
1889.
1888.
991,782;
744,143 1,182,838
98,76l|
Tot. receipts from plantat'ns 1,215,076,1,090,543
124,292
1887.
155,750
14,060
38,000
868,435 1,338,588
9,092
39,462
30,000
35,000
Total in sight October 10. ..'1,284,214 l,142,603i
913,527 1,413,050
Net overland to October 1
Southern consumpt'n to Oct.
26,138
43,000
1
Northern spinners takings to
October 10
186,783' 138.216
175,301 212,301
tl will be seen by the above that tho luerea-se in amount in sight
to-night, as compared with last year, is 141,611 bales, tho exoess as
compared with 1888 ia 370,687 bales and the loss from 1887
reaches 128.836 bales.
!
—
Telegram not received.
Rock, Arkansas.— It rained lightly on three days in
of the week, but the past three days have been
the early part
clear and pleasant. The precipitation reached one inch and
seven hundredths. The thermometer has averaged 66, the
highest being 79, and the lowest 52.
Helena, Arkansas. There has been but little cotton picked
during the week and only a few bales received. It has rained
slowly on two days, the precipitation reaching one inch and
sixteen hundredths. The thermometer has averaged 70, ranging
Vicksburg, Mississippi.
Little
"
—
from 52 to 85.
Memphis. Tennessee.
—
It rained on two days of the week,
but the weather is now clear. The rainfall reached seventynine hundredths of an inch. Picking is active. The faad
weather previously reported has not seriously diminished the
yield, but the quality of cotton that was open is reduced.
With frost of the average date, Oct. 25, the crop will be the
largest ever grown. The thermometer has ranged from 54 to
84, averaging 69.
Aashville, Tennessee. There has been rain on two days of
the week to the extent of thirty- seven hundredths of an inch.
Average thermometer 68, highest 82, lowest 48.
Montgomery, Alabama. Rain on three days in the latter
part of the week has prevented picking. The rainfall reached
one inch and fifteen hundredths. Damage is claimed through
cotton sprouting in the boll. The thermometer has averaged
78, ranging from 58 to 88.
Mobile, Alabama. Crop reports are more cheerful, but
there are some complaints of too much rain. Rain has fallen
on three days of the week to the extent of twenty-two hundredths of an inch. The thermometer has averaged 74, the
highest being 86 and the lowest 59.
Selma, Alabama. It has rained on three days of the week,
the precipitation reaching twenty-seven hundredths of an
inch. The thermometer has ranged from 60 to 88, averag-
—
—
—
—
ing 73.
—
Aubum,Alabania. Rainfall for the week one inch and sixtyone hundredths. Average thermometer 70"8, highest 83'5 and
Weather Reports by Telegraph.— Reports to us by tele- lowest 60.
graph from the South to-nijiht are, as a rule, Somewhat more
Madison, Horida. It has rained on one day of the week,
satisfactory.
Rain has fallen in almost all localities, but in the rainfall reaching twenty hundredths of an inch. The
general the precipitation has been light. Where not inter- thermometer has averaged 76, the highest being 89 and the
fered with by unfavorable weather picking has made good lowest 63.
progress and marketing keeps up on a liberal scale. Much of
Columbus, Georgia.— Cotton is being injured by excessive
the damage by recent rainy weather has resulted in a lower- rains, the week's precipitation having been two inches and
ing of the grade rather than in a reduction of the quantity.
twenty-five hundredths on one day. The thermometer has
<ialvestov, letra/t.—We have had rain on two days of tlie averaged 72, ranging from 65 to 82.
week, the rainfall reaching eighty-four hundredths of an inch.
There has been rain on three davs
Savayinah, Oeorgia.
The thermometer has ranged from 69 to 84, averaging 76.
of the week, the rainfall reaching five hundredths of an inch.
Palestine, Texas.— Hard rain on two days of the week has The thermometer has ranged from 63 to 89, averaging 74.
interrupted the work of gathering the crop. The precipitaAugusta, Georgia.— There have been light rains on three
tion reached four inches and fifty-nine hundredths. Average days of the week, the rainfall reaching thirty-three hunthermometer 72, highest 88, lowest 56,
dredths of an inch, but the weather is now clear and pleasant.
Huntsville, Texas.— It has rained on one day of the week to Crop reports continue unfavorable, the result of the late bad
the extent of one inch and fifteen hundredths. The ther- weather. The loss on cotton will be considerable, but the
mometer has averaged 74, the highest being 88, and the principal damage will be to the giade, the recent heavy and
lowest 60.
continuous rains producing stains. Picking it makion goci
Dallas, Texas. There have been showers on two days of progress and cotton is coming in freely. Average thermomthe week, the precipitation reaching one inch and nine "hun- eter 73, highest 90, lowest 59.
dredths. The thermometer has averaged 72, ranging from .58
Charleston, South Carolina.—Rain has fallen on two days
to 86.
of the week to the extent of nineteen hundredths of an mch.
Han Avtonio, Texas.— We have had showers on two davs of The thermometer has averaged 75, the highest being «» and
the week, the rainfall being seventy-four hundredths o"f an the lowest 65.
, „
,
inch. The thermometer has ranged from 58 to 90, averaging
Stateburg, South Carolina.— Light rain has fallen on three
week, the precipitation reaching nineteen hq»days of the
Luling, Texas. With dry weather picking has been active dredths of an inch. The week closes cloudy and bad for cotduring the week. Average thermometer 73, highest 92, ton. The thermometer has averaged 70. ranging from 60 to 85.
lowest 54.
Wilson, North Carolina.— It has rained on one day of tb«
—
—
,
—
f
.
—
.
THE CHRONICLE.
604
IVOL.
U.
East India Crop Prospects.— The initial cotton crop reweek to the extent of ninety hundredths of an inch, The
thermometer has ranged from 55 to 86, averaging 71.
ports for the year 1>*90 have been issued by the Revenue and
The following statement we have also received by telegraph, Agricultural Department of India, as follows:
showing the height of the rivers at the points named at 3
Berar*.—The area sown with cotton this
year is estimated to be
2,3r'8,265 acres, or 17'8 per cent more than the average area sown during the precedinR Ave years. The jreneral condition of the crop to date
is favorable and the season promises well.
Central Pcoridfcs.— Sowings were made under favorable circumFeel.
Feet.
2-9
stances and the seed germinated well.
Damage has been caused bv
60
Above low-wat«r mark.
New Orleans. . .
excessive rain in the northeru dLstricts. but in the important exporting
10-5
60
Above low- water mark.
Memphis
2-8
districts of Nlmar, Wardha and Najfpur prospects are on the whole
7'5
low-water mark.
Above
Nashville
18-1
very favorable. In the two last-named districts some injury is reported
64
Above low-water mark.
Bhreveport
5-1
to have resulted from the heavy rainfall of the h st few days.
18-2
Above low-water mark.
Vicksbura
P«n;'a6.— The area estimated to be under cotton in this province on
leet and tenths
Note.— Reports are now made io
30th July, 1890, is 16^,800 acres; that is, 93,400 acres, or about 10 per
given as under crop in the final forecast of last
India Cotton Movement prom all Forts.— The receipts cent, less than the area
year, which area was, however, in its turn hi her by 27 per cent than
and shipments of cotton at Bombay have been as follows for that of the year 1888. There la a decrease both in the area iirigated and
unirrigated under cotton this year. The cause of this decrease in area
the weeK and year, bringing the figures down to Oct. 9.
Is mainly the almost universal failure of the winter and early spring
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR TEARS.
rains.
February and March were very dry months, and
the
area sown
with early cotton
decreased
accordingly.
Beceipls.
Shipments siTiee Jan. 1.
Shipments th is week.
Moreover, the early cotton,
of
which a good deal was
Sinee
This
Contisown last year gave bad results, which discourage cultivators.
Qreal
Tear Oreat Conti- _ , ,
Total.
Jan. 1.
Week.
In some of the more eastern districts part of the cotton is sown much
Brien. nent. Total. Britain nent.
later, and the total <irea under this crop was brought up to its present
2,000 2,000 341,000!l036000'l,376.000 3,000 1,890,000 figures in this way. In nine districts only is the area under cotton esti1890
1889 3,000 3,000 6,000 367,000 848,000:1,215,000 2,000, 1,689.000 mated to exaeed that of last year in one it Is precisely the same and
1888 1,000 3.000 4,000 214,000:622,000 836,000 3,000 1,297,000 In 20 it is less than last year. In 1880 the outturn from the in1887 2,000 3.0001 5,000 365,000l672.000i 1.037.000 8.000! 1.482.000 creased area was very disappointing. At present, however, owing to
the very favorable monsoon season which the Pui;)ab has so far enAccording to the foregoing, Bombay appears to show Joyed, the prospects of the standing crop are excellent throughout. In
receipts of several districts a good deal of last year's cotton was cut back to bear
an increase compared with last year in the week's
a second crop this year, and this is, owing to the good season, now
1,000 bales and a decrease in shipments of 4,000 bales, and promising very well. At present, therefore, the prospects of the crop
the shipments since January 1 show an increase of 161,000 bales. on a smaller area show a better outturn per acrca than that of 1889.
J3o»i6f(.i/.— The first report for the early districts of the Deccanonly
The movement at Calcutta, Madras, and other India ports for
she last reported week and since the 1st of January, for two is as follows The estimates generally are up to the 5th August. In
area is
of
"Other ports" cover Ceylon, the Deccan the forecast1,200,000 acres, or 10 per cent aoove that 93 the
years, has been as follows.
corresponding
for last year. Khandeish alone returns
per
Tuticorin, Kurrachee and Coconada.
cent, and will be more when the figures for Xandurbar taluka are received. In Nasik the area has increased slightly, but figures for MaleShipments since January 1.
gaoii taluka are not Included. Ahmednagar gives 64,000 acres, or an
Shipments for the week.
increase of 16 per cent. The general increase is due to timely sowing
Great
Oreat
rain, and the high prices and large demand for export of last year.
Continent.
Total.
roua.
BrUain.
Eaiu of Inly was too heavy in East KhandeLsh, but deficient in Nasik
Britain.
and Nagar. Fall in August has there greatly improved prospects, which
are excellent. In other districts and Slates of the Deccan the areata
Calcutta 128,000 small and below average.
25,000
103,000
1890
45,000
80,000
i',oo6
35,000
i'.obo
Xorthwrstern Prorinccs and Oudh. The rains set in about their usual
1889
time, but they have been very heavy and have continued almost withMadras—
64,000 out a break for nearly six weeks from their commencement, causing
53,000
9,000
1,000
3,000
2,000
1890
69,000 serious floods in Rohilkhand and the Gangetio Doab, the chief cotton
11,000
58,000
1,000
2,000
1,000
1889
tracts in tliese provinces. Weeding has been much impeded and the
All others149.000 plants in many places have rotted in the field. The total area this year
99,000
50,000
4,000
2,000
2,000
1890
131,000 has been estimated at about 10 per cent less than the normal area.
46,000
85,000
1,000
7,000
6,000
1889
This relates to condition up to 9th August, 1890.
Total aUThe Bombay Prices Current of date Sept. 5 says:
341,000
162.000
179,000
4,000
3,000
7,000
1890
280.000
102,000
10,000
178,000
2,000
1889
8,000
No rain fell in any district of the Bengal cotton circle during the
latter half of last week, and it was not needed except at Beawar. where
The above totals for the week show that the movement from only 91s inches had be;-n regisored against an average of roihlethat
the ports other than Bombay is 3,000 bales less than the same quantity to the end of this inonth "but even here, as in the other disweek last year. For the whole of India, therefore, the total tricts of the circle, the iilants were flourishing, the flowering being
There
shipments since January 1, 1890, and for the corresponding advanced at Agra. circle, had also been no rain to speak of throughout
and at Oomrawuttl itself, at Barsee
the Oomrawutti
periods of the two previous years, are as follows:
and at Julgaum more was wanted, while at Khangaum the
plants were sheddirg bolls, and at Dhulia they were ii flower.
EXPORTS TO EUBOPE FROM ALL INDIA.
At Wudwan, in the Dhollera circle, the cotton plants much needed
but from other
rain, and Its continued absence was causing anxiety
1889.
1888.
1890.
dirtricts of the fame circle latest reports were favorable, the crop conShipments
tinuing to flourish, though needing more rain at Bhownu^gor. The
Since
This
Since
This
Since
This
to all Europe
week.
Broach crop was still doing well, telegranis to hand on Monday stating
week.
Jan. 1.
meek.
Jan. 1.
Jan. 1
from—
that the i>lants could scarcely look better. Ft om Sholapnre. Bellary
Bombay
2.000 1,376,000
6,000 1,215,000
4,000 836,001 and Hubli the cry was still for rain, and the crops were sufTiTlng from
The general tenor of the telegrai)hIo
All other ports.
4.000 209,000 the light fall in each district.
7,000 341,000 10,000 280,000
news received to-day is that, while the cotton crop was doing well, beTotal
9,000ll,717,000 16,000 1,495,000
8.000 1,045,000 ing excellent at Nagpore and Barsee, and flourishing throng'iout the
Bengal circle, at Dhulia. at Rroach. at Veerumgaum and Dhollera,
Alexandria Receipts and Shipments.—Through arrange- more rain was needed in several districts of the Oomra and Dhollera
ments we have made with Messrs. Da vies, Benachi
Co., of circles, and its continued absence in one or two wa^ causing anxiety.
o'clock October 9, 1890.
and October
10, 1889.
Oct. 10. "89.
Oet. 9, '90.
;
:
'^
—
;
;
&
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexandria, Egypt,
October
1889.
1890.
9.
1888.
The Agricultural Department's Report for October.
The Agricultural Department's report on cotton for October
—
1
given below.
The October statistical returns
is
of the Department of Agriculture
report a material decline in cotton prospects— a fall in general percent85-5 to 80.
age from
The State averages are as follows Virginia, 92; North Carolina, 91;
South Carolina. S3; Georgia, 82; Florida, 81; Alabama, 80; Mississippi,
75; Louisiana. 83; Texas, 77; Arkansas, 80; Tennessee, 83.
The largest deterioration has been in Tennessee. Mississipid. Arkansas and Louisiana, the fertile and productive cotton lauds of the Mississippi Valley. The cause is too much rain, excess of moisture,
couifted with lack of sunshine and reduced temperature, which delays
opening and causes immnturc bolls to drop and full-grown ones to rot,
and induces sprouting of the seed. The same cause discolors the open
cotton near the ground and discharges the coloring matter of the bolls,
staining Hie flber. The value of the crop will be somewhat reduced by
discolorations. The high expectations of the early season were first
reduced by early drought and later, more seriously, by more or less
continuous rains, from North Carolina to eastern Texas. In the more
southern districts there is some complaint of the boll worm, with little
mention of the caterpillar. The effectiveness of insecticides, when persistently applied, is frequently attested.
:
Receipts (oantars*)
This week
Since Sept. 1.
11
170,000
546,000
This
Since
week. Sept. 1.
125,000
312,000
i
1
55,000
163,000
ij
11
This
Since
week. Sept. 1.
\\
i
This
Since
week. Sept. 1.
Exports (bales)—
To Liverpool
To Continent
9,000
3,000
Total Enrope
*
31.000 lO.OOo' 26.000
8,000
5,000
1,000|
12,000[ 39,000 11,000
31,000
5,000
3,000
17,000
8,000
8,0001 25.000
A cantar is 98 iiounds.
This statement shows that the receipts for the week ending
Oct. 9 were 170,000 cantars and the shipments to all Europe
13,000 bales.
That the reader
may have
for
comparison the condition,
Manchester Market. — Our report received by cable to-night according to the Agricultural Department, for October 1 of
from Manchester statesthat the market is firm for yarns and previous years, we give the following, collated from its reports:
quiet for shirtings. The demand for both India and China
continues good. We give the prices for to-day below, and leave
d «
in
m oi
00
00
00
CO
Slates.
Vl
m m
5;
those for previous weeks of this and last year for comparison:
00
00
OD
CO
00
00
•H
H r^ r^ ^ ,H iH iH
i-J
1890.
32» Cop.
Twist.
8\
1889.
Coll'n
lbs.
Shirtings.
Mid.
Uplds
No. Carolina
„PM,.'*»Shirtmgs.
Twist.
I
|
91
72
81
7fl
75
80. Carolina
32s Cop.
83
R9
81
70
77
79
74
77
78
75
75
74
Mid.
Georgia
jjp,,,.
Florida
....
Alabama
d.
d.
d.
8.
Bept.S'S^s nS's
4ia®7
12 83e rtSSe
" 19 8% asse
' 20:838 SB's
4.is®7
412 J7
4I2 t7
41a <»7
'•
Oct. 3!8''iB»8iii
10:87|(i@8"i>!6
4»sa7
d.
d.
d.
81ift®8*t6
5is,« 8ii6-»8<ie
s.
6
6
d.
d.
97
'a7
5»'u 8ini*8»if 6
a>7
6
'Bll
5%
53i
8
-aSH
8
-3812
ail
.
Mississippi..
034
611 8
"
Texas
651
611,
Tennessee
..
2
6
2
6J4
Average
..
„<
87
79
HI
83
77
80
83
83
78
83
82
70
75
82
81
.
2
2
2
itl
!6
16
51»,6 8lic,«8»i«
d.
80
75
75
79
88
82
87
88
800:814
91
7«
77
79
81
87
85
80
79
79
74
86
96
88
78-9 7ti-57.')-3
81
80
77
78
70
74
74
80
79
84
74
76
77
62
76
85
78 74-7
69 85
67 89
66 86
82 82
67 88
67 82
68 82
65 100
71j 96
75^ 84
69
63
73
68
66'
88
82
75
68
7S
60
50
58
93
87
88
88
85
75
70
77
82
77
8U
79
85
80
88 65
85 96
87 106
81I
81
.
October
THE
11, 1890,]
CHIIONICLE.
JiTE Bmrs, Baooino, *c.— The stock of jute bagKlm;
small offerings are liRlit, and in oonsequenfo tlio inovcmeiit (hiriiiK the past week has been only moderate.
Price*
have Ixwn llriuly maintained but show no change from those
lbs., 6Vc. for 1'^ lbs., 7!<i^c. for 3
ia8t quoted, viz.
6c. for IJi
lbs. and 8c. for standard grades.
Onl^ a light inquiry is to be
n<iti'(l for Jute butta at former quotations, which are l^c. for
jmpor grades and 2c. for bagging quality.
Ix'iiiK
v»w
eeuV'
To Antwerp; pirMeiunoV Bonieaiix. l'(»b.;:;;
To n .n.loim, per Ht-iimiT Conde Wllfrwlo, 1,000
Monthly
Bept'mb'r 732,236
Perc'tage of tcit. port
receipts Sept. 30
1888.
1889.
1887.
832,017
661,710
09-66
694,776
11 63
05-J8
.
31.«»7
To FlM-twond, pfr steamer OraDna, 4,025"!
To Havre, pr steamer Femslde. 4.891
To Hrcm
|>ereieamer Juno. 9,270 ...
To Ki'Vi.l. per steamer Indian Prince, 4,400
To
bu'l, O.'^OO .....
..........
..
1887.
1888.
X.
1886.
Oct. 1....
"
"
8....
"
4....
2....
"
9....
"
6....
«•
732.236
30,127
33.067
37,966
40,331
7....
"
"
9....
"
10....
8....
8.
67,228
58.530
33,605
3p,933
59,492
Total
1,129,515
Percentage of total
port reo']] t« Oct. lOJ
.
.
661,710
43,469
31,606
33,972
47,416
332,017
31,762
34,657
28,620
29,75?
36,684
38,634
40,941
8.
54.378
52,143
37,252
38.870
654,';
8.
46,654
5?,243
32,289
39,121
44,210
43,222
8.
47,479
52,245
30,289
941,757
76
36,229
8.
59,120
662,146 1,001,304
11-94
17-93
899,203
0715
06-79
gan. 30.^
885,642
Hugo.'sVsOl
BostonlKii. ari
Bostonlan, 491
8.
37iS33
38,697
27,465
31,060
34,915
33,814
B.
620,305
385,642
21,731
27,755
22,429
8.
31,401
31,218
24,539
21,442
44,078
29,879
657,114
11-66
12-17
We
XXPOBTS OP COTTOS (BALES) FROM NEW YORK SINCE SEPT.
Week Ending—
\t14,067
Iilv**rpo"l
Other British ports..
Tot. to 6t.
BRi-r'N.
14,067
Havre
Total
since
1890.
-Same
9,423
4,338 18,657
72,571
95,948
600
Total French
375
1,350
2,225
7,304
500
....
Bremen
2,350
375
1,350
2,225
7,304
1,446
3,075
3,571
889
8,371
7,571
4,182
6,562
4,748
0,405
7,535
20,124
17,715
4,325
""OM
"....188,818
rhe particulars of these shipments, arranged in our uanal
(orm, are as followa:
Bull
550
4,550
Tot. to No. Europe
4,497
Bp'n,Op'to, Glbr., Ac.
iill other
4,325
Ac.
4,375
Total Spain,
Grakd Total
50
600
oaa
3,342
."".'."
"iVo
"506
150
800
York. 16,^65
N. Orleans. 37,126
Galveston. 21,397
Savannah
8.203
Bmnswlok. 10,428
Charleston.
5,908
Norfolk ...
9,291
7.'i6
Beaton ....
Baltimore
600
.
Total.... 106,274
tona,
5,125
3,541
8,205 28.042
100,045
124,508
exports of cotton from the United
mail returns, have rejched
wood. Havre. barp.Oopenn.f/aplei. olit.
2,092 1,3.W 6,646
889
500
13,6«3
l.iO 1,000
4.029 4,891 5,220 4,400
11,366
10,190
..»• ...•• .....B ....•• ••• ..*•
• "•"
...... 9,800 ......
......
......
......
......
......
......
1,091
300
......
......
Tatal.
28,043
91,939
39,936
29.719
10,428
19,709
9,291
799
48
6,11719,907 34,083
1,991
43 183,813
9,739 11,650
the latest dates:
4—
8,206.... Dot
Hteamers Tresco, 6,322; Unionist, 5.351.
Liveriwol— Oct. 4 -Steamer Venezuelan, 2,641
New Orleans—To
Oct. 6 -Steamer Historian, 4,.530.
To Havre— Oct. 6-8teamer Fort William, 5.389.
To Barcelona— Oct. 4 Steamer Ponce de Leon. 6,416.
Pbnsacola— To Liverpool— Oct. 7— Steamer Phidias, 7,000.
Savannah—To Bremen— Oct. 6— Steamer Inchrbona, (post
clearance)
1,050.
Charleston- To Liverpool— Oct. 3 -Stenmer D aquesada Vhtabermoaa.
5,926... Oct. 8- Steamer Pedro, 8.200.
To Havre— Oct. 7— Ste >mer Chenl«ton, 5,250.
To Bremen-Oct. 8— Steamer Nordkap, 5,900.
To Reviil-Oct. 3— Steamer Glenrtevon, 4,725.
To Barcelona— Oct. 3-Steamer Pr.igresso, 4.566.
Wilminoton— To Liverpool -Oct. 4- Steamer Nith, 7,500.
To Brenion-Oet. 9— Steamer L»ooDflelil. 7,-274.
Norfolk— To Liverpool— Oct. 8— Steamer Bentala, 8,500.
West point- To Liverpool- Oct. 8—Steamer Bede, 8.805.
Boston— To Liverpool -Sept. 30-Steamer Virjflnlan, 978. ...Oc*.
Steamer Scythla. 773
Oct. 6— Steamer Iowa, 853.
To H ilif »x -Oct. 9 -Steam >r Carroll. 50.
Baltimorb— To Liverpool— Get. 1—Steamer Roismore, 2,978.. Oct.
3—
7—
Steamer Nova Scotian, 238.
She came up to Pier 20. East River, where the
passengern were landed and then proceeded t ) Red H'Wk, where
the tire was exti iKUished.
Moravia, steamer (Ger.), from New York, Sept. 23, for Hamburg, wa»
sIgDalli'd by s' earner Bothnia Sept. 26. The Moravia's air pump
was broken and she was standing to the westw.ird. The .Moravia
To Havre, per steamer La Brecagne, 450
Vllle de Marseilles, 900
....
To Bremen, per steamers AUer, 977..'..Eme'r,"998il'.^Fuida.
.
1.100
To Hamburg, per steamers BoheniraVi,926*.V.'.Gotirra,'i'646
To Kntteriiam, per steamer P. Caland, 100
To Antwerj., per steamers Hcrmaun, 76 ...Waeslan'd. 513
To Copenliagen, per steamer Norge, 200
To Genoa, per steamirs Biirgundia, 50. ...California, 300
,
Stura,
50
passed the Liz ir.l at 8:10 A. M., Oct. 5. She slgaalted that her
draft was full of wat<'r, but otherwise she was In good condition.
She arrived at Hamburg Oct. 7.
WiLEYSiKE, steamer (Br.), at New Orleans, for Havre. A Are was
discovered on board steamer Wlleysike, loading cotton, Oc t. 9, but
was extinguished. O jly two bale^ of cotcoa slightly d^unaged.
Octton freights the past week have been as follows:
Satur.
Uverpool, steam d.
Do Ute deUv'y.d.
Savre, steam
e.
Do
.'.V.V.V.'.'."."'.'!II".'I"!
1350
3 075
3,571
100
589
200
45Q
50
soil
«.
Sremen, steam.,
Do
Total battt.
Liverpool, per steamers City of Chicago, 487
Caflo, 4.680
Gallia, 1,228 ....Germanic, 1,881. ....St.
Panoras. 4,')01
Servla, 708
The Queen, 1,551
WyomlDg. 1,123
.7. .
16,565
To Hull, per steamer Galileo, 2,092
2 092
New York—To
To Naples, per steamer
Tar-
Below we add the clearances this week of vessels carrying
ootton from United States ports, bringing our data down to
691
500
I
22,939 14.473
News.—The
t
States the past week, as per latest
183,813 bales.
....Stura. 100...
pool.
New
Baree-
Bremen Antw'p Oeiwa moutkd
<f Bamand
and A nnap-
<t
Fleet-
2,8.'50
700
Other ports
1,300
2,700
1,447
Hamburg
4*
eoo
801
OAO
300
PnoADELPHiA—To Llvarpool—Oct. 8 -Steamer Lord Gough. 508.
Sept.
Oct.
Oct.
previmu
Sept. 1.
Below we give all news received to date of disasters to
25.
2.
9.
year.
vessels carrying cotton from United States ports, &c.
9,223' .^.fi«1 16,565
69,502
90,032 Alamo, steamer, from Galveston,
arrived at New Y'ork, Oct. 7, aflT» In
200
677 2,092
3,069
5,916
the ootton hold.
Other French ports..
Shipping
1,
wiVkV.
..KloU-
'
1885.
359,203
30,122
27,196
10 438
9!391
"
To Yarmouth, per steamer Yannnuth, sillj.'.!".'!*"
To Annnpoll". per steamer New Bmuswlclc, 46"1.!II
Baltimore— To Llverp<inl, per steamer Queensiuore, 600
To Bremen, per sti-amer II •henzollnrii, 801
To Hamburg, per steamer Kusula, 2l^0
To Antwerp, per steamer Rlalto, 300
Rdam,
1886.
This statement shows that the receipts since Sept. 1 up to
to-night are now 187,758 bales more tlian they were to the same
day of the month in 1889 and 487,369 bales more than they
were to the same day of the month in 1888.
add to the
table the percentages of total port receipts which had been
received to October 10 in each of the years named.
*
The liiXPORTS of Uotton from New York this week show an
increase compared with last week, the total reaching 28,043
bales, against 8,205 bales last week.
Below we give our
usual table, showing the exports of cotton from New York,
and the direction, for each of the last four weeks; also the
total exports and direction since Sept. 1, 1890, and in the last
column the total for the same period of the previous year.
Exported to—
ASM
8300
'5.128
GALVESTON— To Liverpool -Got. 3— Steamer Ethlope,
16-20
tjSo
53o«
.
NORFOLK-To Liverpool, porsteamer
BOSTON— Ti« Liverpool, per ateamera
.Iverpool,
1885.
Liver-
Tot.Sp.30
^ * Bflfl
.
To Barcelona, per uteanier Rolil'ma.'s.Mo!!.'.".'!;'."' .."I"
To Genoa, per steamer Pontlac. 4.300 ... .
CHAJlLtSTOK-To Llveri.oi.l, per steamer Ceylon. 9.908 .'.""I"
ToBremen, per steamers Lelf Erlekaon. 9,000.... Scottish
lievat,
1889.
"" 4,400
8J0S
Prlnoe, 4,800
BRimswioK-To Liverpool, per 'Bteamera'Caiorio,''ft,306'l"*
This Statement shows that for the month of September the
receipts at the ports this year were 170,526 bales more than in
1889 and 400,319 bales more than at the same time in 1888.
By adding to the totals to Sept. 30 the daily receipts since
that time -we shall be able to reach an exact comparison of
the movement for the different years.
1890.
S,330
'.'.'.
Liverpool, per steatner .Vtonkseaton. 9,203
Bremen, per atesmera laotarbona, 9,366... .Tbomas Tom-
"*''',i^'"I*''~^"
Lennox.
1890.
IMA
"»™i
gate, 5,946 ...Waterloo, 2,712
CoMPAUATiVK Fort Keckuts and Oailt Obop Motbmbnt.
Baetiplt.
*'*?»?
8ALVKi.T.ii»--lv> Liv. riK«l. per ateamnrs Amet\i]r«t.
(•dduiooal)
—A comparison of the port movement by weeks is not accurate
Tear Beginning September
0«i,«Ai.»-To Liverpool, per utMniieni D.H.n. 7,2«0 '**'**^
'"
KnKlDcer. 6,520
Hnytl»n.4.o00
Jamaloan 8 2Sa
L«.nortt.0.712....Mllfon.ft.225 ...SoboUr 4li8
87.136
P"^'*"™""'" Bordeaux, 6.990. ...Iiiiiwrl^ Prinei',
.
:
as the weeks in diilerent yeai-s do not end on the same dav of
the month. We have consequently added to our other Htanding
tables a daily and monthly statement, that the reader maj
constantly have before him the data for seeing the exact relative
movement for the years named. The monthly movements
since Sept. 1, 1800, and in previous years, have been as follows;
fl05
e.
Indlreot.e.
Hamburg, steam.e.
Hon.
I<I<M.
Wednei.
Tkur:
#n.
'33
Hi
»3»
»M
Hi
Hi
....
...•
....
....
....
Hv3a
...«'
..«.
....
iu
Ti«
-••
%.,
»M
'ienoa,
steam.,
••
^IS
....
....
40*
-...
7lS
....
40*
•>.
»I«
....
40*
»i«»*
-••.
'w
....
he
..*.
....
'11
....
40*
....
....
....
»i«»«»
TlS
....
40*
....
1T„»»„ "»4»»lS»'«4«»l«"«4*»ja "«,••,.
....
....
d.
.d.
»!«»%
h*
Oeval, steam. ...d.
saU
;
»•
40-
Do
»i6»%
H
•
D© via Indirect.*.
Amsf d'm, steam.e.
Do Indirect.. d.
3araeloiia,steam d.
Bl6®%
Vl
H
««
>4
H
\
H
Tsi
''»
''st
^St
'm
Meste, ateam...d.
Ua'ia J***!. 'i^'ia U»*l»
>49»I«
»1S
Antwerp, steam d. Hlfifa "sSHil >«»»s, 'sw'mI >«»•» «•»•,.
Per 100 lb«.
LdYSBPOOL. By cable from Liverpool we have the following
statement of the week's sales, stocks, &c., at that port.
—
.
,
:
.
.
THE CHRONICLE.
506
Sept. 19.
Oct. 3.
Oct. 10.
61,000
3,000
2,000
45,000
4,000
63,000
483,000
199,000
48,000
44,000
180,000
165,000
Sept. 26.
65,000
5,000
1,000
51,000
5,000
63,000
460,000
175,000
45,000
31,000
Vol. LI.
Indian corn has fluctuated somewhat, sympathizing generwith wheat. At the higher prices of to-day trading was
very dull for expjrt and home use.
ally
Bales ot the
week
bales
Of wUoh exporters took
Of which speculators took. .
Bales American
Aotaal export
Forwarded
Total BtooJi—Estimated
Of which Amerloan— EsUm'd
Total Import of the
week
Of which Amerloan
Amount
afloat
Of which American
54.000
5,000
2,000
41,000
3.000
55.000
549,000
213,000
21,000
11,000
145,000
130,000
55,000
4,000
3,000
40,000
4,000
56.000
572.000
237,000
82,000
69,000
145,000
130,000
2(i0,000
245.000
The tone of the Liverpool market for spots and futures each
day of the week ending Oct. 10, and the daily closing prices
Saturday Xonttay. Tue$day.
Spot.
Market,
1:45 p. M.
{
Quieter.
favor,
5%
Mld.Upl'd8.
Bales
Bpee.
In buyers' Moderate
5
& exp.
5%
7,000
1,000
8,000
500
demand.
Friday.
Fair
business
Firm.
More
active.
dolnjc.
5%
10,000
1,500
5%
10,000
1,000
5%
8.000
1,000
12,000
2,000
0.
November delivery
December delivery
0.
May
}
\
Market,
4 p. M.
Steady
Steady at Steady
at
Steady.
partially
1-64 dec.
Barely
Steady.
steady.
steady at
ai
partlalW
l-«ladT.
1-64 ad-
Firm.
Quiet.
vance.
partially
1-81 dec.
Kasy.
Steady.
Quiet.
The opening, highest, lowest and closing prices of futures at
Liverpool for each day are given below. Prices are on the
basis of Uplands, Low Middling clause, unless otherwise stated.
Ep" Thf prices are given in pence ami Sith, Thus : 5 63 means
5 e3-64d., tttid 6 01 means 6 l-did.
mon., Oct. 6.
Sat., Oct. 4.
Open
October
0Ct.-N0T...,
Nov.-Dec...
Dee. -J an....
Hif/h
Low.
Cloe.
d.
(i.
d.
d.
d.
d.
d.
6 43
5 39
5 39
5 44
5 40
6 39
5 39
5 39
6 40
6 42
6 44
5 46
6 48
6 44
6 40
6 42
6 39
644
6 39
639
538
5 39
538
638
638
6 88
Feb.-March
5 39
6 40
Mch.-April..
812
Jan.-Feb....
April-May.. 6 44
May-June... 6 46
June-July... 5 48
July.Au«...j 6 60
43
639
640
642 6 42
644 6 44
6 39
6 40
6 46
6 48
6 46
648
660 660 660
Wed., Oct. 8.
Open High Low.
J
Cloi.
5 40
6 42
40
39
39
39
5 41
5 43
6
6
6
6
Low.'. Clos.
5 40
5 42
d.
October
6 47
643
6 46
6 42
5 41
646
643
642
6 46
6 42
6 41
6 41
6 41
6 42
6 45
Oct.-Nov....
5 47
6 44
6 43
6 46
6 42
6 41
6 41
6 46
6 46
5 45
648 54S 647 6 47
May-June... 560
June-July... 6 62
July- Aug...
5 60
5 49
5 61
544
546
548
6 49
6 41
6 60
563 6 63
6 62
646
5 47
6 49
6 61
6 62
643
5 41
6 41
6 42
6 43
6 46
6 47
5 49
6 61
6 63
641
5 42
5 44
546
5 48
5 60
6 52
5 42
5 41
6 46
5 47
5 49
5 61
6 63
39
39
40
41
43
5 45
5
6
5
5
5
6 46 '6 46
5 42 6 42
6 41
6 41
6 41
6 41
6 41
6 41
6 43
543
544 6 44
6 46 5 46
5 48 !5 48
5 50
6 60
65« 6 52
;
,
:
'
I
5 IS
5 51
& 61
663
I
d.
646 546
643 6 42
5 42
5 41
642
5 41
5 41
I
543 5 42
646 544
6 47
6 46
5 49
6 61
5 48
5 60
5 62
653
U.
Clot.
d.
d.
5 42
I
544
6 45
6 47
6 49
I
;
5 46
5 43
5 42
5 42
5 42
6 47
Open Bigh Low.
d.
CIM.
d.
5 44
5 40
FrI., Oct.
d.
d.
641 6 42
6 43 542 6 42
544 6 43 643
6 40
5 41
6 43
5 43
6 46
Clos.
d.
6 46
6 43
6 42
d.
539
5S» 642
6 41
Open High Low.
d.
d.
6 44
5 40
Thurs., Oct. 9.
d.
5 48
d.
644 545 644
6 46 5 47 646 5 47
6 48 548 648 6 48
660 5 60 6 60 560
d.
Nov.-Dec... 5 42
Dec. -J an
6 42
Jan.-Feb.... 6 43
Feb.-March. 5 44
Mch.-Aprll.. 5 46
Openj-ffiflfcJLow.
d.
644
339 6 40
638 6 39
538 6 39
538 539
d.
Aprll-May.'.
Tne*., Oct. 7.
5 42
6
5 39
Op«n HUfh
c.
0.
delivery
646
6 43
6 41
6 41
6 41
643
644
546
648
550
6 52
BREADSTUFF S.
Wed.
Tliurs.
Fri
5738
57%
58%
57%
573a
57%
57%
57%
57%
57%
57%
56I4
561a
5758
Tuet.
59
56
59 la
59
58*8
59 'ig
57I3
58
58%
Oats have shown a hardening tendency, but at the close
speculation and the regular trade are alike dull.
04II.T OLOSIMO PBI0B8 OF HO. 2 UIXBD OATS,
Sat.
lion.
Tnet.
Wed. Thurs.
n^.
0.
0.
0.
0.
Rye
43%
44%
4414
•15%
4514
45%
48%
47%
held higher and
Maydelivery
is
44%
45%
46%
48%
48%
Barley
quiet.
44%
445a
4514
4579
is
44%
45%
45
45%
46 14
48%
48
firm at very full
prices.
The following are closing quotations for wheat flour in
barrels. (Corresponding grades in sacks sell slightly below
these figures):
FLOUK.
Fine
luturet.
Market,
1:45 p. M.
October delivery
November delivery
December delivery
Wedna. Thurid'y.
Mon.
57
Sat.
October delivery
of spot cotton, have been as follows:
PKIOBB OF HO 2 lOXBD OOBN.
1
Superfine
Extra. No. 2
Extra, No. 1
Clears
Straights
Patent, spring
S
bbl.
»2 80»«3 60 Patent, winter
85 25l»$5 65
3 50a 3 85 City shipping, extras. 5 00 a 5 10
3 859 4 10 Rye flour, superfine.. 3 60 a 4 00
® 4 75
Pine
2 50» 3 00
4 60® 4 85 Com meal—
Western, Ac
5 009 5 40
2 75» 3 OO
5 75» 610
Brandywlne
3 20a 3 25
,
Vlieat—
o.
Spring, per bush.
. .
1
00
Com, per bush.—
0.
01
15
«107%
95 ai 10
100 «110
WUte
RyeWestern, per busb.. 70 • 72
State and Jersey
72 » 74
Barley. Western
75 « 87
CanadlAD
87 ® 97
Red winter No. 2
Red winter
..
1 06
. .
West'n mixed
West'n mixed No.2.
Western yellow
Western white
Oats -Mixed.. S bu.
White
No. 2 mixed
No. 2 white
55 «
57 «
58 »
58 «
43 a
44 «
44%i»
58
58
59
60
46%
54
45%
46%» 47%
AORicuLTURAL DEPARTMENT REPORT.—The Agricultural
Department's report on the cereal crops was issued on October 10, and is given below :
The Octotier harvests ot yield per acre for the entire breadth of
cerciil crops, as consolidated by the Department of Agriculture, are
Winter wheat, 10-8 bushels per acre; spring wheat, 11'5
the whole
wheat croi), 11-1 liushels. Oatii. 19 8 bushels; barley. 21 hnshols;
rye, 1 1 -8 bushels. The condition of corn Is 70-6, Insteiid of 701 last
month. Buckwheat 90'7, Instead 905. Potatoes til'7, instead of 657.
Tobacco 85-4, instead of 82-4. There is practically no change in the
general average of condition, except a reduction of 4 piiints In potatoes
and an incrcuae of 2 points iu tobacco. Tile effect of winter frosts on
the wheat is shown by the low rate of yield to have been severe.
The figures would iiave been lower but for the reduction of area by
Some of the
tiloughing and planting of the worst fields in other crops
ligher rates in principal States are: New York, 15 2; Michigan. 15-2;
11-2; California. 120; Pennsylvania, 12'0; Illinois, 11-5;
Missouri.
Kansas, 135; Oregon. ]5"0. The crop made a very low yield througUoul^he South, where the acreage is small. In the Ohio Valley the variation in the yield in the different counties, or farms in the same
from five to twenty-flve
county, has an extraordinary range
bushels, and in extraordinary c.ises from one to thirty bushels.
One county in niiuois claims the best crop in years, and anotlier a
poorer crop than was expected. Soils that had thorough tillage made
the best yields. The Rocky Monntain areas made big averages in
spring vrheat on limited areas. The Dakota yields vary from one
bushel to 25 bushels, making an average of nine bushels per acre
Minnesota but 12, and Wisconsin li-5 bnsTiels.
The estimated yield of oats is 198 bushels, which is the lowest ever
reported, probably reducing the aggregate product more than 200,000,
j
000 bushels.
The movement of breadstuffs to market is indicated in the
ftatement below, prepared by us from the figures of the New
fork Produce Exchange, We first give the receipts at Westem lake and river ports, arranged so as to present the com
parative movement for the week ending Oct. 4, 1890, and
since August 1, for each of the last three vears:
Rtuipti atr-
Fkidat, October 10, 1890.
rUmr.
Whtat.
Com.
Bbii.imibt BtuKdOlbr Biuh.SK III-
Barley.
Oatl.
BlM/i..ta 16
Bmh.m
I't
Rvt.
Bu. B«
U>J
The upward turn to values of wheat early in the week under Ohleago
283.814
1.805,811
1,583.791
671.650
112.962
48,806
.)4.190
190.800
71,000
607,317
83.050
48.377
review gave a great impu'sa to the demand for flour, and on Milwaukee..
573.209
11,689
61.298
Ooluth
Monday the sales aggregated 35,000 bbls. and sacks. Since Ulnueapolla.
1.877.070
......
...
100.633
158,4S4
then the business has been less active, and at times the mar- Toledo
aigi
3,303
3.261
102.206
13.990
57,928
212,723
2.912
ket less firm but it was stronger again to-day, and at the Detroit..
52.600
57,250
91,530
24,910
10.162
Oleveland.
close quotations show a material advance over those of last jt. Louis
142.133
199.410
229,285
160.159
24,859
1.650
194,400
31,210
2.100
9.800
445,000
12.900
Friday especially the low grades, which were more in re- Peoria
quest, and mainly for export. Rye flour and corn meal are
3.830.992
1,722,31^
99,409
Tot-wk-W.
2,433 263
2.490,018
259.231
very firm, but quiet. Buckwheat flour is in better supply, teme wk.'sg.
228.511
274.710
3.911,995
2.10^.432
2.035,947
1,217.298
3,451,594
202.503
and lower.
Same wk.'SS.
301.091
2,728,780
2,863,791
1,116,182
The speculation in wheat for future delivery became on »nce Aug. 11890
2,125.260 22.108,671 22,313.465 82.195.164
7,202,225 1.057,954
Monday very excited and prices made a great advance. The
1889
3,558,013
1.409.441
2,081,553 29,S70.01S 28,888.181 20,208,998
movement was ascribed to the fact that the visible supply in
1,030.739 1.993,05«
1888
2.182.903 80,333.139 21,207,169 22.137,592
American markets showed a very gq;ia11 increase, and that
stocks abroad are small. Some depression followed this adBelow are the rail shipments from Western lake and river
vance, but to-day there was renewed buoyancy on the report ports for four years:
that the forthcoming Government report will be "unfavor1889.
1888.
1887.
1890.
able." For wheat on the spot there was to-day good milling
Week
Week
Week
Week
Oct. 5.
Oct. 8.
Oct. 4.
Get. 6.
and export demands, the tales including No. 2 red winter at
291,911
314,206
Flour
213,133
184,459
bbls.
$1 07?^ afloat, but mostly on private terms.
.
.
;
.
—
DAILT OLOSINO PRIOH» OF HO. 2 RBD WUnBB WHBAT.
Sat.
Man.
Tue*. Wed.
Thurs.
J>Vi.
October delivery
106'4 lOSSg U>i\ IOC's
105
c. 102i8
November
December
delivery
delivery
January delivery
May deUvery
o
o. 104''8
lOe^s
lOT^a
107%
1113$
112
o
c.
103
108i«
109>a
106%
105%
10778
lOG'a
llO's
llQia
107''s
107»8
108>4
10914
Ill's
Wheat
Corn....:
Oats
Barley
Rye
Total
bush.
519,395
519,242
1,4G4,986
328.4H6
62,034
2,894.153
542,380
370,841
632,774
398,794
967,1(11
1,358.625
410,410
95,377
506,452
74,360
535,628
361,265
839,080
364,485
10,934
2,39S199
3,971,005
2,111,392
1
.
OOTODBB
THE CHRONICLE.
11, 1S90.]
The reoeipitH of
week endea Oct.
At—
New York....
Com,
riilla.lislplila.
bhU.
130,910
00.987
17,300
14.062
liHUiniore ...
5H.8'2e
61,'.!13
Rluliiiioud
6.475
13,600
20,010
Bodtoii
Mnii tribal
Mew Orleans.
OaU,
960
77.397
16.439
704,000
208,310
100,031
7.'i,2l2
203.371
35,912
122.329
buth,
eai.ooo 118,300
IHU.l.iO
9,605
14, .Ml
01,974
61.000
12.543
30.817
291. 2*0 1.570.12.'* 1,037.005 127,995
Total week.. 301.169
01.">,tl'J0
11,625
Oor. week '80. 291,015 1.005.053 a, AOO.-ii'fJ
650
2.53
Com.
Bwh.
Buth.
269.950
100,480
New York
41,242
Boa ton...
PorUand.
43',369
Flour.
Oat$.
11,840
1,294
18.063
17,901
1890.
Byt.
37,149
15,117
Buth.
306
29,471
6.125
28,665
818,638
117,163
Wnk. BittfJan.1.
Ureat Britain
Other Baropean
China
306
129
143,730
41,842
Baltlm're
28',6od
N. Orl'ns.
N.News..
EUohm'd
Buth.
3,794
""13
636
......
Tot. week.
117.611
39.064
S'me time
1889...
16,035
11,607
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulatioa at lake and seaboard
ports, and in transit by water, Oct. 4, 1890:
Wheat,
Com,
Oatt,
Barle*,
Rye,
bfith.
In tlore at—
buth.
buth.
buth.
buth.
New York
1,467,381
355,119 1,082,531
10,455
15,999
72,000
afloat...
Albany
960,-236
Baffalo
ChloaRO
Milwaukee.
.
...
4,824.823
236.229
911,827
1,363.484
329,301
47,000
2,747.763
20,000
1,774
45,743
77,042
228,949
7,073
245,206
971,887
1,153,974
40,000
Dulutli
Toledo
Detroit
Oswego
Louis
Clnolnnatl
Bt.
Boston
Toronto
Montreal
PhUadelplila
Peoria
Indianapolis
Baltimore
Minneapolis
St. I'aul
On Mississippi...
On Lakes
On canal & river.
135,000
63,.500
174.400
874,148 204,375
2,592,325 1,192,717
1,100
1,167
171
186,354
'2i'605
15,624
87,799
52.000
196,859 244,892
15,000
37.000
276,490
59.297
30.000
20,000
33.331
322.742
69,009
10,'' 00
671,234
383,129
272,854
5,643
'36,226
9,600
"8",6'79
2,000
100
3i>0
48
481
64
66
1.964
60
100.394
64,300
8,175
925
109.191
46,160
3,458
154,694
4,100
165,851
South America
1,223
209
1,815
915,186 1,831.594
392,000 1,469,100
Totm
20.702
146,191
352.235
16,311
131,486
2,900
646
China, via Tanoouver
Total
14,396
2,677
400
1,358
13,500
'4V,2W5
'.'.'.'.'.'.'.'.
165,645
33,600
43,970
'."'
".".'.'
291,715
660,800
4,'90. 17,059,092 8,721,426 4,034,888
Oct.
584,155 3,231,075
Sept. 27,'90. 16.829,828 8.639.264 4.123,610
676.3712,381,676
5,'89. 18,849,813 11,511,974 5,645,510 1,183,019
Oct.
845,987
6,'88. 31.530,885 10,013,353 7,408,924
Oct.
923,394 407,620
8,'87. 30,980,852 7,385,756 5,321,405
Oct.
342,143 1,619,456
8.308
6.168
30.867
Prom New Bucland mill points dlreoU
business was done in some descriptions specially alapted for
the wants of converters and exporters. Agents' prices are
mostly steady, but there was rather more tendency towards
"cutting" by jobbers who offered certain makes of brown
sheetings, wide sheetings, &c., for less than their market
value, in order to stimulate trade. Prints were in irregular
demand, and there was an active business in woven, spring
"wash" fabrics, fancy shirtings, white goods, fancy black
cotton dress goods, &c.
Print cloths were in moderate
request at about last quotations.
1890.
Stoeh of Print Ololht—
Outside speculators
1889.
Oct. 4.
1888.
Oct. 5.
45 1.000
357,000
None.
by Providence manufers
Fall River manufacturers
Providence speculators
650,000
21,549
41,000
487
19,258
636«
3,749
11, .521
The value of the New York exports since January 1 hare
een $5,877,820 in 1890, against |8.5 19,840 in 1889.
As a whole the demand for staple cotton goods at first hands
was moderate as usual at thia stage of the season, but a fair
l"66;924
6,399
235,000
Oct. 6.
5,000
None.
3,000
20,000
8.000
None.
1,50J
796.000
"^275,000
29.500
(est)
Total stock (pieces)
3 7.000
—
FoBEiON Dry Goods. The past week has shown rather
more activity in the market for imported goods, and prices
have stiffened all along the line, though some importers and
jobbers manifested a disposition to sell goods actually in stock
at about the same figures that were current before the passage
of the new tariff bill. The improved demand for foreign fatvrics has extended to mo3t descriptions, but there w<i3 very little
tendency towards speculation on the put of either wholesale
or retail buyers.
Importations of Drr Goods.
The importations of dry goods at this port for the week
ending Ojt. 9, 1890, and since Jan. 1, and the same facta
for the corresponding periods of last year are as follows
THE DRY GOODS TRADE.
Nbw
York. Friday
P. M., October 10,
1890
The past week has witnessed a continuation of the unusually good demand for certain kinds of spring and summer
goods reported of late by commission houses representing
leading manufacturers of domestic dress goods, white goods,
fabrics specially adapted to the requirements of the shirt
trade, light underwear and hosiery, &c. Very liberal orders
for the above goods were placed (for later delivery) by buyers
on the spot and with salesmen traveling in the West and
Southwest. The late heavy rains in the South are supposed
have unfavorably affected the cotton crop, and buyers in
that section of the country have been rather cautious in their
to
operations.
At
first
hands the demand for seasonable goods
by personal selection was only moderate, but fair re-orders
from distributing points in the interior were received by
mail and wire. The jobbing trade in the regular way was
more or less quiet, owing partly to depressing weather conditions at times, but a fair business in "jobs" was done by
leading houses.
Domestic Woolen Goods.— The market for men's-wear
wooltns was tame and uninteresting. Leading wholesale
clothiers have already placed the bulk of their orders for
spring clothing woolens and business in light-weight descriptions was consequently restricted to placing small duplicate
orders for a few specialties. There was, however, a fairly
active movement in spring cassimeres, worsted and serge
suitings, cheviots, etc., on account of former transactions.
Heavy woolen and worsted suitings continued in fair request
and Arm, and there was a moderate re-order demand for kerseys and other overcoatings. Satinets and doeskin jeans were
in light request and prices remain firm. In fact all desirable
mak^s of clothing woolrjns are firmly held since the enactment of the amended tarifif bill. Wool and worsted dress
goods were fairly active in some quarters, and there was a
steady hand-to-mouth demand for flannels, blankets, carpets,
shawls and wool skirts.
1.
2,3 i9
3,466
Mexico
6
1,230
111
Helrt
750
62,479
224,060
145,238
8,870
214,580
7,538
1.428
33.441
4.603
7,563
4,812
12,466
1,616
4,096
22,282
2,495
Africa
West Indies
'
MnM Jan.
197
10
65
S,.')65
76
Vralila
'
W„k.
6,802
2.499
34,200
168
10
ftiilia
35,276
4,406
310,145 1,288,302
FhUadel
Ptai.
1889.
1
Oct. 7.
10
Btuh.
4,093
Bblt.
310,895
55.443
25.714
66,156
Hontrral.
Tot.
Tot.
Tot.
Tot.
Tot.
Naw ToBK TO
600
199
Wheat.
from—
Do
oointa apeoitted in the table below:
1.14.1
The exports from the several seaboard porta for the week
eaiiasc Oit, 4, 1890, are shown in the annexed statement:
Mtportt
cotton i^oadt
thia port for the week ending Got. 7 were ;i ini}
packattee, valued at $aai,498, their destinattoa beinx to'th*
Barltif,
bnth.
ftiuiA.
bitah.
125,200
esporta of
from
follow;
Whf.nl,
607
Doimrno Ootion Ooods.—The
and Krain at the seaboard ports for th«
flour
4, 1890.
Flour,
:
S
m
S
a
2t?
a
Prill
a; 5
8;
Si
V
%*-
g:
i
:
:
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tf^
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O^M^kO
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(F^copjoa^
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cc
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cj* :>'
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OiQDOtacO
Ot-'i-'HM
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:
THE UHRONKJLE
50S
SanU
#tatemcutB.
[Vol. LI.
^auli ^tatcmcittB.
jBattH #tat«mcttts.
THE
REPORT OF THE CONDITION OFat New DEPORT OF THE CONDITION OF THE REPORT OF THP- CONDITION OF THE
G l.iiATIN NATIONAL. BANK,
'^^
BOARD
MERCANTILE NATIONAL BANK ^ SE the State NATIONAL BA.K7atNiw
City, in the State of New York, at the close of
York, in
of New York, at the close of
York,
«
York
business October
of the
1890
S.
14,606.185 27
181 44
50.000 00
Overdrafts, securea
D. S. bonds to secure circulation
Stocks, securities, claims, &c
Due from otlier national banks
Due fnim State banksand b:inker8
Banking house, fun iture and fixtures
711,W1 17
2,'^67
16,735 7H
2.664.021 il
House
fur Clearing
7W
^7
00
00
79
2^2,1^6
5,219
500,000
10,500
Other re.Hl eariiie & mortKages owned.
Current expenses and taxes paid
Checks and other cash items
BxchanKes
20,ii00
Bills of other banks
Fract'l paper cur^ncy, nickels & cents..
1H5
7241,049
Specie
Legal tender notes
699,349
70.000
U. S. ctfs. of deposit for legal tenders.
Redemption fund with U.S. Treasurer
2,250
(5 per cent of circulation)
Total
tl0.176,9»2
00
48
00
00
00
00
75
LIABILITIES.
Capital Stock paid In
11.000,000 00
1,000,000 00
40d.H76 12
Burplusfund
Undivided profits
National banknotes outstanding
Dividends unpaid
45,t'00
00
50
f8
05
97
60,302
Individual deposits subject to check.. 4,346.<'ll
Demand certificates of deposit
4,647
Certified Check.s
],842,53»
Cashier's checks outstanding
51,279 91
Due to other national banks
842,314 62
48'^''21 10
Due to State bunks and bankers
Total
tV\l7e,V9i 75
State of New York, County of New York, ts
I, ABTHi'K W. Sherman, Cashier of the abovenamed bank, do solemnly swear that the above
statement is true, to the best of my knowledge and
belief.
A. W. SUKllMAN, Cashier.
Subscribed and sworn to before me this ath day
of October, 1890.
H. L. BRAYNARn.
Correct— Attest
Notary Public.
aukian
iselin, jr..
FKKDErilC w. sTEVKNS,
>
Directors.
}
A. KOOSEV'ELT.
New
Loans and discounts
Overdrafts
U. &. bonds to secure circulation
Other stocks and bonds
Real estate, banking house
Specie
$2,057,467
Legal-tender notes
567,900
Bills of other banks
5,692
Ch'ks and other cash items
9,> 14
Exchanges for cl'lng house
Due from national banks..
Due from State bunks and
f 16,674,861 IB
4,8': 2 96
50,000 00
Stocks, securities, etc
Due from other national banks
Due from State banksand bankers
Banking house, furniture and fixtures
Exchanges for Clearing$8,039,8-0 18
House
Bills of other banks
10,000 00
Nickels and cents
64 83
Specie
4.762.837 50
00
1,490,443 51
146.012 16
600,000 00
1.13.".i55
461.17100
13,073.943 49
Redemption fund with U.
S.
Treasurer
cent of circulation)
Total
(S per
2.250 00
132,175,838 30
LIABILITIES.
Capital Stock paid in
»3,200,000 00
1,350.000 00
312,'J42 31
45,000 00
19,185 00
Burplusfund
Undividedproflt8.net
National bank notes outstanding
Dividends unpaid
Ind. dep. sub. to check...! 10,819,892 22
Demand cert's of deposit
30,753 10
Cashier's checks outst'g.
279,28175
Due to other nat. banks. 9,415.950 04
Due State bk's & b'kers.
971,178 7B
i
21,517,054 87
Deposits held for acceptances
5,682,338 75
Reserved for taxes
50,007 h2
Total
132.176,638 80
State of New York. County of New York, gs.:
I, Chas. 11. PATTEHSON-, Cashier of
the abovenamed Dank, do solemnly swear that the above
statement Is true, to the best of mv knowledge and
CHAS. H. PATTERSON, Cashier.
Subscribed and sworn to before me. this 8th day
of October, 18u0.
D. G. FANNIXG.
Correct— Attest
Notary Puhllc, Kings Co.
belief.
:
New
Certificate filed in
J.
EDWARD SIMMONS,)
CANNON.
CORNELIUS N. BLISS,
JAS. G.
York.
Directors.
>
\
REPORT OF THK CONDITION OF THE
CONTINENTAL NATIONAL B.\NK,
New
York, at the close of business
day of October. 1890
KESOtTRCES.
Loans and discounts
U. S. bonds
Other stocks and bonds
Premiums
Real estate
Current expenses and taxes paid
Specie
tl,45e,5-*6 50
Legal tenders & b'k notes
177.12a 00
Due from Treas'r of U. S.
Exchanges lor Clearing-
H
2,'i50
use
Due from banks
Other cash Items
..
.
..
—
on
the
(3,893,178
50.000
188.738
1,812
583,000
27,534
2d
09,
00
84
50
oo
75
18,449 13
4,000 00—3.980,558 17
Total
$12,111,919 06
LIABILITIIS.
Capital stock paid in
$1,000,000
750,000
175,244
45,000
144
Surplus fund
Undivided profits, net
National bank notes outstanding
Dividends unpaid
Deposits Individuals
$4,262.020
National banks
4.256,8>44
State banks and bank'rs... 1,419,377
Demand certs, of dep'sit..
20.065
Caehier's checks outst'g.
00
00
04
00
00
.
85
00
52
10,141,631 02
Total
$12,111,919 06
State of New York. County of New York, s«
I, FhEDERiCK B Stui-SCK, Cashier Of the abovenamed Dank, do solemnly swear that the above
statement is true, to the best of my knowledge and
:
FKKD'K
B.
SCUHNCK, Ca
hler.
Subscribed and sworn to before me this 7th day
of October. 1890.
F. A. K. BllYAN.
Correct— Attest:
Notarv Public. New York Co.
EMANUEL
LEH.MAN.
W. CRdss.MAN, >
JOHN.
\
GKl".
WM.
Directors.
P. ST.
REPORT OF THE CONOITION the THK
THIRD NATIONAL. BANK, of OF city of
New
York, at New York. In the State of
at the close of business Oct. 2. 1890:
«8,84«,378
(-5
11.000.000 00
200,000 00
144.881 37
New
Items
Exchangts for
$080 51
Clearlnfir
House
799.106 62
other banks
1,687 00
Fractional paper curr'ncyi
nickels and cents
25 48
Specie
475,194 00
Legal tender notes
620,000 00
U. 8. ctfs. of deposit for
legal lenders
80,000 00— 1,876,763 61
Redemption fund with U.S. Treasurer
(6 per cent of clrculallon)
2,250 00
Bills of
Total
$7,012,733 00
$1,000,000
200,000
74,092
45.000
10,000
Surplus fund
Undivided profits
National bank notes outstanding
00
00
87
00
00
83
83
67
09—2.166,926 42
64
07-3,516,713 71
Total
$7,01'3,733 00
? tate of New Y'ork. County of New York, as:
I.HE.NKYCHAPIX, Jr., Cashier of the above-named
bank, do solemnly swear that the above statement is true to the best of mv knowledge and
belief.
CHAPIN, Jr., Cashier.
Subscribed and sworn to before me tliis .Hth day
of October, 1890.
EciiK.vE Dklm.ak,
Correct— Attest
Notary Public.
HENRY
H. BUCKHOUT,
H. A. V. POST,
J
JOHN W. TERLIXO.
>
-
•
.
-
•
rSubi^cribeil
-
.
&
7,455,707 56
$8,840,378 85
New York, County of NewY'ork, as:
I, ALFRED H. TiMPso.N, Cashier of the abovenamed bank, do solemnly swear that the above
statement is true, to the best of my knowledge and
belief.
ALFRED H. TIMPSON, Cashier.
Subscribed and sworn to before me this 8th day
T.
Geo. H. COREr,
Notary Public, N. Y. Co.
AONEW,
1,198,032 96 —4.907.534 25
Total
$6,636,657 01
State of New York. County of New York, ss.:
1, 8TOART G. NKLSiiN. Cashierof the above-named
bank, do solemnly swear that the above statement is
true, to the best of my knowledge and belief.
S. G. NELSON, Cashier.
Subscribed and sworn to before me this 7lh day
of October. 1890.
c. K. Sy-iimes,
Notary Public, (4) N.Y. Co.
Correct— Attest
BAVNB.
HUBBARD,
HENRY ALL4N,
Jr.,
Directors.
REPORT OF THE CONDITION OPTttS
A.Hi-RICAN EXCHANtJK
N»TIONAL,
BANK,
at New York, in the State of .^ew York, at
the close of business on the 2d day of October, 1890:
RESOURCES.
Loans and discounts
$10,571,359 65
overdrafts
2,i
U. S. bonds to secure circulation
Other slocks and bonds
Due from other national banks
l>ue from State and private banks
59 02
50,000 00
167,981 OS2,443,881 72
and
bunkers
Banking house
Other real estate and mort'ges owned.
Checks and other cash items
Exchanges for Clearing House
Bills of other banks
784,216 84
300,000 OO
10.:i25
72
13e.669 58
4.93i',020
45
as.fi? 00
Specie
Legal-tender notes
2.5S2.504 79
310.000 00
Redemption fund with U.S. Treasurer
(not m ,re than 5 p. e. on circulation)
2.goO 00
$28,310,448 22
LIABILITIES.
Capital stock paid in
$5,000,000 00
1,600.000 OO
439.8S5 20
Surplus fund
Undivided profits
New Y.rk taxes for 1890
("ircrtli notes rec'u from Comptroller
Dividends unpaid
11-i.OOO 00
45,o00 OO
11,059 50
IndividuHl oeposits subject to check... 12,428,368 51
Dem:ind certificates of deposit
56,167 06
Certified checks
1,181,156 68
5,o40.6h2 69
Due to otlier national banks
Due :o State & private banks Ab'nkers 2,521 ,73rt 69
Tjial
$28,318,448 22
State of New York. Citv and County of New York, St.:
EinvARu Burns, Cashier of the American
1,
Exchange
National
New York,
Bank,
of
do solemnly swear that the above statement is true,
to the best of my knowledge and belief.
BURNS, Cashier.
Sworn to and subscribed before me this loth day
W.m. Ives VVashhurn,
of October, 1890.
Notary Public, New Yoik Co.
Corrects— Attest
EDWARD
8.
D.
BABCOCK.
1
)
>
DlrMtOn.
OA YEARS OF SUCCESS
Kood
n
^\J
Of Minneapolis, Minn.
Money loaned on
a
rob&(
Debenture .Bonds mi d
loss to tnTeators
AHERICAN INVESTMENT
CO.
Highest rata of Interest
oonilitent with choicest security. Ask for luformat on of
Aiseu,
18B6.
150
Eagrene K. Cole;,
•TATIONER
\
$2,000,000 00.
B. S. ORMSBY,
Nassau Street New Yobs Citt
POTS AND CALLS ON STOCKS AND BONCl
A SPECIALTY.
Stationery
tW New oonoems organlilng will bAvn ttaitr o
*
promptly exeontcit.
WIULiIAn STREET,
'nANOVSB.auK*'*"
Prei
Ot»TIOJNS.
ND PRINTER.
SnppilM Bank!, Banken, Stook Brokera ana Uoipoa
ration! with complete oablti of Aooonnt Bookt tui
»o. 1
Without
for buylDK the
MortffBse LoaoB of the
H. H. SIMMONS, VIce-Prea.
B8TABLI8HBD
673 91
PRBDERIOTAYLOR,^
and
»7UU,UU0
SIOU.UUU
BO.iolted.
EDMUND i). RANDOLPH,
1,444,995 11
to State banks
bankers
BAYARD CUTTING. jDlreoton.
DUMONT CLARKE,
Minnesota Saving Fund
Investment Company,
2,095,719 29
26,993 59
Total
State of
of October, 1890.
OO
W.
69
$8,101,334 64
Cashier's checks
oanks
Due
00
00
26
32 60
Individual deposits subject to check
$1,650,007 00
Demand certfs. of deposit 106,661 71
Certified checks
323,035 46
Cashier's checks outstanding
77,782 01
United states deposits
110,000 00
Due to other national
Directors.
64
00
7,849 92
Certificates of depoflt
$500,000
115,000
71,090
42,900
Surplus fund
5
5!lli.254
37,v-40
Dividends unpaid
Deoosits—
AuceptHUces
$6,63t).567 01
LIABILITIES.
Capital stock paid in
Tctal
Capital Stock paid in
.
'
..
Total
LIABILITIES.
Ites.rve for taxes
Individual deposiLssubJect
to check
$1,788,358
Demand ctfs. of deposit. .
a9.5»2
Certified checks
293.317
Cashier's c'ks outstanding
66,727
Due to other nat. banks.. 2,833,55-i
Due to State banks and
bankers
683,166
26
00
00
12
25^6^961 93
20 '.i27 42
19.460 84
33 150 00
$2,019,030
60.000
lOO'jOO
213'908
Specie
1,077.796 80
Legal-tender notes
222,467 OO
U. s. certificates of deposit
for legal tenders
100,000 00
redemption fund with U.S.
Treasurer (o p. c. o circ.)
2,280 00
Due from V. t. Treasurer
other than 6 per cent redem ption fund
2,820 00-1 ,978.818 46
S. O.
S. T.
Loans and discounts
$3,940,280 70
Overdrafts, secured and unsecured ...
7.359 9a
U.S. bonds to secure circulation
50,000 00
Stocks, securities, claims. &c
128,790 77
Due from other national banks
701,114 74
Due from state banks and bankers
29.9 » 50
l-urniture and flxi ores
5,000 00
Other real estate and niortg's owned..
17i'.995 47
Current expenses and taxes paid
30.0^1 88
Premiums on U. S. bonds
10,167 50
Checks and other cash
2,6:!4,731
Circulation
Individuals
National banks
State banks
.
York,
noa-negotlable first mortgages
only, which are deposited in trust with the State
Auditor.
Stock certificates bearing 6 per cent Interest, payaole.eml-auuually. with additional profits, tor sale
at ¥ho per share.
Correspondence with reliable Stock Brokers
profits
Stocks and securities
Due from other national banks
Duo from Stale banks and bankers
Current expenSHs and taxes paid
RES0DRCE8.
Paid in
4.100.114 65
Surplus fund
rbsources.
Loans and discounts
u. S. bonds to secure circulation
U. S. bonds to secure deposits
Undivided profits
National Dank notes outstanding
Dividends unpaid
74
108,128 01
45,054 30
Certified checks
LIABILITIES.
JOHN
2,250 00
demption fund
1890
2.
Premiums on U. S. bonds
Checks and other cash items $7.8«8 13
Kich'ges for Clear 'g House. 566,037 hi
Bills of other banks
20 00
Fractional paper currency,
nickels and cents
....
158 71
i
S. Treasurer {5 per cent
of circulation')
Due from U. S. Treasurer,
other than 5 per cent re-
Capital
2,228.882 62
^15.127 04
19,8i7 51
Total
Undivided
52
00
00
74
business October
S
00
Capital Stock
10.26:142
50,000 00
3,' 00 00
200,000 oo
827,224 4
497,060 74
banker.!
York, at the close of busi-
RKSOCRCES.
Loans and discounts
Overdrafts secured and unsecured
U.S. bonds to secure circulation
$7,858,097 47
Redemption fund with U.
:
Legal tender notes
at the close of business
RESODRCBS.
belief.
i
REPORT OF THK CONDITION OF THE
FOURTH NATIONAL. BANK, at New
York, in the state of
ness October 2, 1S90
New
oil y of
2, 1890
October
BE80URCKS.
Loans and discounts
H. W. ROSEKBACJIH,
I*-
6
>
KXCI14?J(iB PLACE. NEAV
YORK.
Refers to all the principal Banking and Brokerage
houses. Correspondence solicited.
@FedFRASER