Full text of Commercial and Financial Chronicle : October 15, 1887, Vol. 45, No. 1164 [Copy 2]

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:

AND

.

.,

W xmtk

HUNT'S MERCHANTS' MAGAZINE,
REPRESKNl'IN'Q

VOL.

THE INDUSTRIAL AND COMMERCIAL INTBRESTa OP THE UNITED STATES.

SATURDAY, OCTOBER

45.

CONTENTS.

Wiek BnMnv

THE CHRONICLE.
Railroad Earnings In September
493
Ttio Triple Alliance and the
roKd's Itieht of Way
490
Peace of Europe
497
SDKlish and Amerleau Kail
Weekly Railroad EamlDRs
498
road Et'onouiy
491 Monetary and Commercial
The St. Paul & Omalia'a CurEnBliBh News
498
rent Operations
... 492 Commercial and Mleoellaneous
.

Nbws

499

New York
8<Utt

of—
•korn.:

(i.744.<m;

bale*,,

wratn

huehel»,

(Petroleum

bblt.)

,(S0,»45.000
(17,2k6,U00l

Boston

88,800.1104

Pruridence..
Hartford

6.180,300
l.ei'AUSO

New Uaren.

ChrmxMje.

For Oue Year (Inoludlntr postage)

ForHixMonths

do.

Sprinnaeld...

Lowell

H6 28
£2 7s.
*1

Edwards

(-ia-

(4S8.iia<l)

—26-9)

(37.99' 1.796)

(33,021,000;

;—»7-6)

(18.8&e,000)

93.128,653
4,«Wi,900

-4-5

74,iM,«as

-r4-7
7-6

4.4b«.800

—1-»

•i-li.-S

1,182.908

+2-6
+13-6
+21-7

-M-6
-6-0
-16-4

-t-11-7

888,687
9»4,-M»
967.888
632.687

l.bO«.lH
1,258.«08
1,1P5,H69
l.C4:l.801

»<».220
668,238

-I-

-H6-7

—a-0

104,809,402

-S-1

84,481,377

-ra

Philadelphia..

66.116.74B

Pttuburg
Baltimore

-I-2-6

10.0117.342

-HS-5
-H6-7

65.812,886
9,360.726
10.606,919

4-»4

14,2«0,»39

03.4«5,262
8,900,185
12,217.750

88.475.027

84.813,187

4-8-8

75,778,580

-5-1

Chicago

81.30rt,511

66,643.281

-8;0

Cincinnati

11,460,800

11,:124,800

4,845,'J4H

-I-17-8

68.847,712
9.748,700
4.711.088
3.K66.H01

-6-6
4fr7

4,447,US8
2,018,2^1

4,481,416
3,772.361
1.486.461

i-ia-i

3,493,11.7

2,B<!0,448

-

313

1,82(:.7«7
2.1(27.201

-U9-5
+21-6

2,539,205
1,363,884
2,919,226
B,9»2,»76
8.499.448
4.446.184

2,1«1,405
998.912
2,301.243
5.«86,5eO
2,032,302
4,3S1,5K8
482,497
441,099

-

4-8-1
4-17-6
4-86-6

-t-«e-9

2.128,548
1,316.640
a.7r«.«28
4.031.814
1,881.951
3,511,681
611.686
780,166
2,116.416
>46.eeo

108,757,881

I08,73d,413

-t-0-03

85.235,240

+4-5

17.127.089
1,484.851
8,767,685
5.785.6D0
7,001,968
2.494,000
2,027,977
1,211,003

16.002.874
915.858
7,3)7,184
4,636.682
6,20^,386
1.473,635
2.057,451
1.030,199

-1-6-4

14.4^,294

—16-8

-(•62-1

-hl9-3
4-24-8
4-12-9
4-69-2

1,088,317
6,52?,S«H

4-19-4
4-18-6

6,-il>*,376

-t-24-4

4-17-5

898.1U2

45,802,882

39,666,548

4-15-6

37,531.114

18,388.980

13.222,873

4-60-4

Milwaukee....
Detroit
IndlaaapoUs...
Cleveland
(Xilumbus
Peoria

liOndon Asentii

Omaha
Mlnneapolhl...

Denver
St.

R. DAKA & Co., Publishers,
102 nrilllam Street, NEtV ¥OKK.
Post Office box 958.

Paul

Grand Kaplda.,

[WILLIAM

640,008
736,424
3.46H.02S
289,988

Wichita
Duluth*
Topeka*

—

Total Western.

On page 507 will be found the detailed returns, by States,
St. Louis
of the National banks, under the Comptroller's call of August St. Joseph
New Orleans..
1, kindly furnished us by Mr. Trenholm.
Previous returns Lonisville ...,
City.
were published those for May 13 in ihe Chronicle of July 2. Kansas
Memphis
page 18, those for March 4 in the issue of April 16, on page 493. Galveston....
Norfolk

—

Total Southern.

CLEARING HOUSE RETURNS.
Bank exchanges

(1,387.066)

+3rt-4)

(42.M< 12.787

101.535.218

England..

Total Middle.

ife

Q. FIX) YD.

:-45-8)

P. C«n«.
575.717,728

-7-8
-8-6

8s.

Smith, 1 Drapers' Qardens, E. C, who will take
aubscriptlous and advertisements aud supply single copies of the paper

iOaS

New

Total

$10 20

Snbsonpilons will be continued until definitely ordered stopped. The
publishers cannot be responsible for remittances unless made by drafts
or Post Olflce Money Orders.
These prices Include the Isvestoks' Sdpplekbnt, of 120 pages
Issued once in two mouths, and furnished without extra charge to
subscriberR of the Chroniclj;.
A tile cover is furoished at 50 cents; po.%tage on the same Is 18
cents. Volumes bound for subscribers at $1 00.
Messrs

(3,218,047)
(397,900;

1.

:

10

European 8uli9oriptiou (inolndlng postage)
Annual subscription in London (including postage)
Six Mob.
do
do
do

-18-6

1.186,897
1.186,746
1,1SS.640
634,071

Worcester...

Terms or Snbscription— Pafable ia Advance

830.786,860

l,S»:i,IHI(l

Portland.,..

End'a Ott.

P.Omt.

1176.1101,492

iSUKkt
iCotUm

1,164.

Wuk

Oct. S.

1887.

OlesiinK House Rntumg
487
TheFiiianniHl Situation.
4S8
Law af to i'oiuleniijlng a Rail-

JUJlxje

NO.

15, 1887.

Ban Francisco

week ending October 8 record a
gain over the preceding week of a little over one hundred and

Total

for the

*

lions is at New York, but to
•tatement contributes. This large increase is accounted for
in part through heavier stock dealings at New York, and the
usual monthly payments on account of interest, but is also
ascribable to some extent to the movement of the crops. The
cotton crop continues to come forward in very large volume
and in consequence the clearings at Southern cities show large
additions. OAlng to holidays the figures for Chicago and St.
Louis in the present year cover only five days.
Although, as stated above, speculative transactions at New
York for the week under review exceed those for the previous
week, they are still much less than during the corresponding
period of last year. In consequence, exchanges at New York
exhibit a decline from 1886 of 18 '6 per cent. Boston, Chicago
and Galveston also record losses from a year ago, due entirely,
however, at the two first-mentioned cities to the holidays, while
at Galveston the loss was insignificant.
On the other hand,
at Memphis, Wichita, St. Joseph, San Francisco, Indianapolis,
Omaha and Grand Rapids, the percentages of gain are very large.
New York Stock Exchange share transactions for the week
cover a market value of |99,826,000, against $193,132,000 for
the like period in 1886, and after deducting two-and-a-half
times these values from the total at that city, the exchanges due
to other business are seen to be |436,636,492 and |347,921,809
respectively in the two years, or an excess of 23-6 per cent.

-42

-158
-35-4

-h28-2
-1-6-S

-h230
+2-6
4 32-6

—1-4

1,040.161,580 1.180,767.883

all

Oatslde

which about one hundred milwhich every city included in our

flfty-five millions of dollars, of

+8-0

New York

Not Included In

388 860,088

4-1-8

+0-8
+10-4
-HlO-4
-^27-6
4-108-8

6*<5,119

4-21-7

1.54U.144
1.524,154
4-1-6

4- 8-6

16,398,452

883,164.486

-1-8

308.438,711

350.010,524

totals.

As received by telegraph to-night, the returns of exchanges
for the five days record a gain over the correspondiag period
of last week of about forty-eight million dollars. Contrasted
with the five days of 1886, the aggregate for the seven cities
exhibits a loss of 4-3 per cent. Our estimate for the full week
ended October 15 indicates a decrease from a year ago of
about 1-9 per cent. Messrs.
G. Dun
Co. report the
number of failures for the week ended to-night (October 14)

R

&

as 203 (183 in the United States and 20 in Canada), against
313 last week and 179 for the same time a year ago.

iMwtu

ITeek

StuUnt

1887.

New York

1888.

689.483,931

«42,US,180

Sales «/ Stock (sliares)...

(2.000,188)

(2.118.980)

Boston

79.781.517
62,134.241

71,611.665
61.220.227
10,800,413

Philadelphia
Baltimore

10.463.816
63.r32.000

Chloago
St. Louis

New

SmTf Oct. 8.

16,751,153
8.868.746

Orleans

Toul, 6daji
Bstlmated

1

dar-.

810.005.444
178.302,106

Total full week..
Balance Countrr*..
Total week.

all...

* >or the full

Qua.

-8-8
(-65)

016334,831
(M16,057l

{-48-S)

4-11-6

76.395.4'«

-8-8

-88-4

4-14-0

6.708,816

4-62-0

846,608.561
176.610,964

7e2,04'X97a
168,081.104

-iro

4-1-0,

-34

831,641,674

—14-5

4-14-8

i«a,4ei.oii;

+iri

—1-8 i.040 128.711

-n-a

1.080769,658 l.liaylg;.638
last

P.

01,808,000
18,768,160

888,307.560 1,083,018,9«5
88.107.787
102,482,108

«eak. basad on

1887.

56.166.281
11,460.188
01.123.000
18.044.4»0
7.017.303

i

'

ITeek

Oct. 10.

6v I^lefropk.

4-1-8;

—4-i;
+4-7,

week's returns

-H-4
4-11-7

—10-0
4-8-1

4-11-6

4-8-8

.

THE CHRONICLE.

488

XLV.

[Vol.

EXPOKTS OP BKE ID8TOFFS. PttOVISIONS, COrrON AND PETBOLKCM.

THE FINANCIAL SITUATION.
There has been a quieter feeling and a somewhat easier
money market this week. As represented
by bankers' balances, the range has been from 6 to 3 per
cent, averaging about 4^ per cent, at which renewals of
Time loans are in demand on
loans have been made.
ranging
and
at
6
collateral
mixed
6J per cent for periods

-condition of the

1887.

Exports

from

a. S.

1888.

September. 3 Months.

1889.

September. 3 Montlls. September. 3 tlontTu.

Quantities.

Wheat.bush.

5.73-.J.878

33,189,170

10,574,936

1,172.347

2,918,955

821,342

28,461,434
2,774,183

3,581,558

Flour... bbls.

607,886

10,372,046
1.789,919

Wheat,

bu.

11.008,434

48.4:9,4^

14,270,975

40,945.032

e,ll«,l45

18,336,875

Corn. ..bush.

1,873,721

5,283,714

2,713,118

7,431,191

3,000,992

10,938,734

from 3 to 6 months but, although the security offered is
Valufs,
good and such as is almost daily accepted on call loans, Wh't & Hour
Com
St meal.
On
lenders are not inclined to negotiate to any extent.

12,882,155

18,984,083

48,376,226

10,217,131

;

t
42,364.213

I
12.655,076

36,855,182

I
6,114,288

998,173

2,731,508

1,404,511

3,702,510

2,141,473

413

S,«79

9,897

30,301

87,607

89,379

23,385
184,599

698,227
23,424

1, 093,798

40,969.463

9,007,713

25,439,474

Ilye

the other hand, maturing time loans on first-class collateral
have been renewed at 5 and 5^ per cent, but chiefly by

Oats & meal.
Barley

27,5ai

18,339

65,876
68,419

city institutions are doing very

Br'dstuffs..

11,094,132

45,233,795

out-of.town banks.

Oar

on time, either on stock collateral or in commercial
paper they seek to keep their money within easy reach,
instead of tying it up even for a limited period. Yet the
outlook at the moment is much less disquieting than it
little

;

was. In the

first

place the

new arrangement by the Secretary

of the Treasury for depositing the surplus revenue in depositary backs, will prevent any further accumulations by

the Government.

Then

it

of currency to the interior

also looks as

if

the

Provisions

;

the

7,545,838

24,604,583

22,740,8«S

7,190.903

22,352,748
17,243,508

6,98ti,29S

22,413,834

8,218,537

12,904,955

4,013,189

12,242,716

4,365,223

12,818,151

5,421,212

14,668,678

36,483,751 104,494,908

,970,997

93,416,888

27,643,760

75,741,79/

The foregoing
oS

is

the articles

is

not wholly satisfactory.

It

shows a

in breadstuffs, although the total of all

large falling

about

3|^

million dollars larger than last Sep-

due to the increased movement of cotton.
Secretary Fairchild has developed and put in operation

tember, but this

movement

was in a measure checked

41,581

13.830,592

Petrol'm,&c.
Tot. valua,

143,75'

126,095

18,024,024
8,192,487

14,284,958
7,12K,91S

.

Cotton

*

10,053,672

is

a plan for ridding the industries

the country of

of

all

'

Commer- danger from future Treasury acotimulations. That is a
outflow has certainly been
more important announcement than has been made for
cial paper is now quoted at 6 per cent for 60 to 90day
endorsed bills receivable; 6J @ 7 per cent for four many a week. The chief anxiety has all along been caused
months commission house names, and 7 to 9 per cent for not so much by existing conditions as through a nervous
less free this

week.

might be impending.
Such a feeling
long as the Government income
affords
a constant surplus with no outlet except
bond purchases and being natural is easily stimulated
by those who make it their business to work on the imagi-

what

names having from 4 to 6 months to run.
of England minimum remains unchanged at
4 per cent, while 60 to 90 day bank bills are reported at
Z\ per cent. The open market rate at Paris and Berlin
The reduction in the rates since last
is 2^ per cent.
week very likely reflects in the main our strongtr
exchange market, precluding for the time being any
further movement of gold to America; perhaps a more
confident political outlook has likewise had some influence.
We notice also thai some gold is again reaching London
from Paris, for although the Bank of England reports
a loss for the week of j£ 11 5, 000 bullion, a special cable to
us states that there were no exports, while there wag
imported, principally from France, £103,000, the loss

fear

£585,000 gold, and the Bank of Germany a loss of £630,000Our foreign exchange market was dull but firm and
unchanged until Tuesday, when there was an advance of
half a cent per pound sterling, followed on Wednesday
by a rise on the part of the Canadian banks of a half a
cent in long, and on Thursday by a general advance of
another half cent in that class, and of one cent in short.
This activity and strength were primarily due to a demand
to remit for stocks sold here on European account, the
arbitrage houEes having been liberal sellers, the unloading
being stimulated by apprehensions of trouble at the fortnightly settlement in London, by the sharp decline in our
market and by the news of the passing of the dividend by

immediately, and

good

sirjgle

The Bank

of

but

is

natural, so

;

nation

tude;

the public

of

The

fact.

by exaggerating every unfavorable

14 million bond offer for a time quieted the

but almost before

its

solici-

had expired the old

limit

suggestions found currency again and the old sensitiveness

began to return. From the present time tae chance to
work upon public credulity by this method is gone, for
That is to say,
there are to be no further accumulations.
the surplus revenue of each day is to go into depositary

banks and not into the Sub-Treasury at all. Government
being the result of a shipment to the interior of Great operations ought thus to have no influence whatever on the
Britain of £218,000.
The Bank of France reports a loss of money market; what it takes out of comxerce it pays back

the Baltimore k. Ohio.
The demand on Thursday
became very urgent, while commercial bills, particularly
those drawn against cotton, were in lighter supply.
Yesterday there was no change in rates, but the market
remained firm at the advance. Of course these high figures

preclude the possibility of further imports of gold for the
time beiQg. The arrivals during the week amounted to

million dollars

what constitutes the surplus

a month

— remains

—say 10

undisturbed in bank

depositaries.

All this

is

in present

accomplished by a few very simple changes

arrangements.

(I)

Heretofore the depositary

banks have been limited in number

;

hereafter they will

demands largely increased, the number
being determined by the amount of the surplus and the
willingness of banks to furnish Government bonds as
security for its deposit.
(2) The extent of the holdings of
be as occasion

each institution has hitherto been five hundred thousand
dollars; now a million dollars may be so held if the conditions
are complied with. (3) The deposit up to this time has been
only 90 per cent of the par value of the bond
established

when Government securities were

;

that rate was
selling at

and

below par and the continuance of the same limit under the
present circumstances is not only without reason, but precludes the chance of finding any considerable

number

of

banks willing to comply; hereafter the four per cents which

in the market at 125|^ will be accepted
This
the depositary banks at 110.
from
yes- as
terday.
There is probably still afloat 3J million dollars. arrangement is absolutely safe for the Government, as it
As to the foreign trade situation, it is in some measure has been purchasing these bonds at 125 and saving money

$2,227,100 on Sunday and

Monday and $1,136,452

are

selling

security

by the preliminary September statement issued at that while it has the merit of being feasible, three
week by Mr. Swilzler, of the Bureau of Statistics. banks in this city having at once put up the bonds and
The figures are as follows, and cover breadstufis, cotton, taken tke deposit, while others Btand ready to do the
reflected

;

this

provisions, petroleum, &c.

same.

OCTOBEB
Is

it

THE CHRONICLE.

15, 1887,1

not time for Oongress to

study in

earnest the

independent Treasury system, with the purpose of seeing

A demand of that
it ought not to be modiGed ?
now general, embracing merchants, bankers, and
thoughtful men in every walk in life, while the change of
whether
kind

mercial

and

489

financial

Naturally, attention

aSairi.

this

time has been drawn to the condiiion of the Uaitad Sa(M
Treasury and the means for getting rid of future aocaraulations of surplus.

This ii the most urgent qneatioD
and on that point Mr. John Jay Roox
conditions since the Sub-Treasury system was estab- presented the plan suggested by him when Comp<
lished should make every one slow to dismiss the troller of the Currency and which be elaborated in
With hun. a communication in the Ciironiolb of June
subject without
thorough examination.
dreds of millions passing in and out every year, it becomes last.
Mr. Knox's idea is to fund the existing debt
a very expensive and disturbing method even if the daily into a low rate bond, and give bondholders an equivalent
But that is never in cash for the reduction in interest, offering, of course,
receipts and disbursements balance.
is

of

the

day,

U

the case, for the outgoes cannot be constant; there are certain inducements to make the exchange.
The plan ia
payment days and interest periods which have to be pre- deserving of careful consideration, if for no other reason
pared for by months of accumnlationp. This is true even than that it provides an outlet for temporary accumulations
where there is no surplus revenue. With a surplus our of surplus. Bearing on the same subject, we would callatten-

present anxieties
Fairchild

is

wise; yet

it

best

doing
is

is

illustrate

the

What

evils.

mere makeshift which no

a

Mr.

not only ingenious but eminently
ministerial

tion to the proposal of Mr. Edward Stanwood, which was
given in a communication from him, published by us Oct.
1st, page 422.
Every new plan is helpful,
and only

We

studying
have said nothing of the after
whatever
has
been
thus
elaborwith care, can the best cure be devised. The
evil of having our money market subject to the will of ated
That is too obvious to need suggesting- Bankers'
Convention also
the Government,
emphasized its
position
The Agricultural Department has issued its monthly upon the silver question by passing a resolution
crop report this week, bringing down the results to the favoring the suspension
of
the coinage cf dollars
These results do not differ very mate, until an international agreement can be arrived at. This
first of October,
officer

should be driven

to.

from the forecast of the previous month, except is so moderate, so wise and so thoroughly in accord with
and cotton, according to the condition figures what has always been advocated by us, that we need say
We are glad to hear that th»
the production is a little less and for wheat it is a little nothing in its favor.
The averages given for cotton in the various affairs of the Association are in a flourishing condition,
more.
Slates now indicate a crop of about 6,493,000 bales, and that its membership has been greatly enlarged.
Our statements of gross earnings for the month of Sepagainst 6,634,000 bales as worked out from the September
Tuis is very disappointing, as a short time tember and the first week of October, on succeeding
averages,
SiiU, pages, continue to show generally very good results.
since a 7 million crop was thought to be assured.
But
we have had from the Burlington & Qaincy this week &
cotton
have
proved
Department's
reports
of
late
years
the
very reliable, and the indications of this one are fully return of net for August, wnich is very unfavorable.
up to the current estimates of the day.
We shall Northwestern roads have for some time made less satisseek a little later to obtain for ourselves some direct factory exhibits than the roads in other sections of the
It seems country, but so bad a statement as this of the Burevidence from the South on the subject.
& Qaincy was not looked for and haa
hard to accept the fact that there has been so much lington
As compared
loss in so brief a time from the causes which are occasioned both surprise and alarm.
the same month
last
year, gross shows
of
stated; but at present the results of the Agricultural with
Department fairly reflect the average opinioa. Of corUj a falling off of $366,073, and net a falling off in the
The Burlington & Quincy is
tlie October report brings the aggregate down to about large sum of $371,839.
notoriously
infrequently reports very
a
road
which
not
1,500,000,000 bushels, againstabout 1,600,000,000 bushels
should
serve to diminish the
heavy
changes,
and
this
alone
430
indicated
in
September.
Wlieat
is
now
given
at
as
But as the exhibit
million bushels, against about 433 million in September, importance of the present change.
while oats aggregate about 600,000,000 bushels.
Com- shows so large a loss, a few words of explanation seem
bining these three crops corn, wheat and oats
we have desirable. In the first place, it should be remembered
a total production for the year as below compared with that the comparison is with very heavy totals; the gain a
year ago was only less striking than the present lo8S>
previous teasons.
AGGREGATE YIELD OF WHEAT, CORy AND OATS.
reaching $426,964.
But the causes for the change are
rially

that for corn

—

—

BmheU.

Ttar.
1887
I860
1S85

Bushtla.

2,550,600.000
8,74«,TS3,000

1882

.

2.609.4')I,I80

1831..

1,994,677,030

»,882.«97,000
2,8W1,»20,000

1880..

2,fl33.88»,7lU

18*1

1879..

2,621.930,812

1883

2,543,455,456

1878,,

2.221.918,710

will be

noticed

The foregoing
yield of these

it

three cereals

important.
for

ing

the

We

do not know the
expenses,
augmentation in
gross

in

off

receipts

but

easily

is

reason

the

fall-

explained.

There was a very heavy contraction in the movement
not this season's crop of course, but last season's,
of corn

—

makes the aggregate which like the present was a short one. For instance,
a very little above 1883 and the receipts at Chicago during August this year were only

shows a decided decrease on every year since then.
As usual, the annual meeting of the American Bankers'

5,475,117 bushels, against as

Association has proved to be a very pleasant and useful

the Burlington

gathering.

precise

The Convention was held

burg,

the great manufacturing

There

is

city

this

of

time in Pitts,
Pennsylvania.

a peculiar fitness in this selection, for banks are

last year,

a falling

off of

& Quincy

much

as 8,629,068 bushels

over three million bushels.
is

As

the largest of the corn carriers

movement can
make the circum-

the effect of this heavy diminution in the
easily be

j

udged.

stance plain, for

simply an outgrowth of Industrial development, and in
turn conserve and promote it.
Of course, to a certain

last year, of

public moment, having an

tional causes;

But

we

its

own

figures

find a falling

off,

as

compared with

$311,166 in the freight receipts, while passenger earnings show an increase of $100,715 and mail
extent the time of the Convention was taken up with the and miscellaneous earnings an increase of $44,378, the
affairs of the association, but the proceediags possess a latter being very favorable features.
Tuis makes it eviwider interest, for the topics discussed are always of great dent that the loss for August this year is duo to excepimportant bearing upon com-

but after that has been

said, it still

remain*

THE CHRONICLE.

490
true that the net

is

the

smallest for

that

month

of

[Vol.

any

year since 1880, reflecting the multiplication of new road

and the increase of competition.
The stock market this week has been characterized by
further and severe depression, in most cases the lowest
A number of
prices of the year having been reached.
circumstances have conspired to further the cause of
operators for a decline, and these they have used with

and boldness. The inability of Western railroad
managers to reach any agreement for the restoration of
rates, the bad showing of earnings for August by the

skill

Chicago Burlington & Quincy, conflicting reports as to
the settlement with the Reading 1st series fives, large
account^
sales of American securities for European

October 13, 1887.

XLV.

October 14, 1886.

Banks of
Gold.

£
England
France

Total.

Oold.

£

£

£

20,004.eU6
48.314,010 47.844,396

Qermany*

20,004.696
93.958,406
1«,:J67,280 17.174,740 36,512,000
8.512,(«)0 I4,»81,000i 21,093,030
4,019.000 8.116,000 13,135,000
2,5:<3,000 1,267,000
3.800,000
6,1)83.000 1,118,000
8,101,000

....

Au8t.-IIung'y
Netherlands..

Nat.Belgium*
National Italy

Total

£

£

20,234,198
54,169,622 15.403,< 90
17,184,880 15.461.120

20,284,198
99.577,718

6,478,00f, 13.687.000

32,948,000
20.165,000

e,57.S,000

8,050.000

14.1123,000

2,873,000

1,337,000

4,010,000

7,422,000

1.084,000

8,500,000

Tot. this week 105,732,006 8».W)l,13e 195.631,102 115,084,700 85,027,310
Tot.prev.w'k. 108.802,f07 90,241.634 197.043,611 116,704.51H'ri4.0 0.853
* The division (l)etwoen gold and silver) given In our tahle
of coin and
bullion In tie Bank of Germany and the Bank of BelRium is made from
the best estimate we are able to obtain; In neither case is it claimed to be
accurate, as those banks make no distinction in their weekly reports,
merely reporting the total gold and sliver; but we believe the division
we make is a close approximation.
Note.— We receive the above results weekly by cable, and while
not aU of the date given at the head of the column, they are the
returns issued nearest to that date— that is, the latest reported ligures.

rumors that new difficulties had arisen between the Union
The Assay Office paid $301,138 througu the Saband Northern Pacific with refer ence to the Oregon Navi.
gation lease, and also that there were dissensions within Treasury during the week for domestic and $3,616,822 for
foreign bullion, and the Assistant Treasurer received the
all these helped the downward
the Northern Pacific Board
movement, and when they were followed on Wednesday by following from the Custom House.
the annouE cement that the Baltimore & Ohio had passed its
Consisting of—
and prices
dividend, the market completely collapsed
Date.
Duties.
U.S.
OoM
Silver OerGold
Yesterday a similar spasm
fell o£E with great rapidity.
Notes.
Oerlijie's.
tiflcates.

—

was experienced under the publication of an alleged inter.
view with Mr. Chauncey M. Depew, purporting to take a
very lugubrious view of the outlook, and the depression
was further aided by reports that the Reading matter
Too much, we think, has been
still remained unsettled.

made
It

of the passing of the Baltimore

merely a very conservative

is

when

&

Ohio dividend.

taken

step,

a

at

time

the company's finances are unsettled and undergo-

ing investigation, and probably nothing more than a tem-

porary measure of prudence and caution.
earnings continue very good as a rule, and

Railroad gross

money

is

Oct.

$411,733
424,563
601,962
752,358
495,029
507,162

7.

"
8.
" 10,
"

"
"

11.
12.
13.

00

$3 092,808 34

Total..

94.O0O
2,000

38
16
28
29
23

8.800
11.000
3,000
4.500

$33,300

$39,000
50,000
63.000
67.000
47,000
44,000

$319,000
335.000
379,000
618 000
410,000
411,000

$19,000
36,000
51,000
55,000
34.000
47,000

$310,000 $2,472,000

$^72,000

Included in the above payments were $8,700 in silver
coin, chiefly standard dollars.

LAW AS

easier.

TO CONDEMNING A RAILROAD'S
RIGHT OF WAY.

In our issue of October first we referred very briefly to
The following statement, made up from returns collected
a
decision of the Supreme Court of Illinois against the
us,
shows
the
week's
receipts
and
by
shipments of currency
Chicago Burlington & Northern Railroad and in favor of
and gold by the New York banks.
the Illinois Central, involving the

WUk

Received by
Shipped by
N. Y. Banks. N. Y. Banks.

ending October 14, 1887.

Total KOld and legal tenden....

14

miles between

right of

Dubuque and Galena.

way

for about

The question

|1)«7.000

»1. 32 1,000

Loss..

210,000

245,000

LOPB..

»354,000
35,000

decided appears to be of such general interest that we
have obtained a copy of the opinion of the Court and a

»1,177,000

11,566,000

Losa..

f 3119,000

map

Currency
Qold

The above shows the

Net Interior
Movement.

actual changes in the

bank hold.

of the disputed

actual situation,

territory, so as

and be able

to

undei stand the

to set out the facts

movement to and more fully than has been done.
The point at issue was whether a
movement the banks

and

results

ingB of gold and currency caused by this

from the interior. In addition to that
have gained $300,000 through the operations of the SubTreasury,and $3,600,000 through Assay Office payments for
gold imports. Adding these items to the above, we have the
following, which should indicate the total gain to the New
York Clearing House banks of currency and gold for the
week covered by the bank statement to be issued to-day.
It is always to be remembered, however, that the bank
statement

the

&

Burlington

railroad (in this case

Northern) under the ordinary general

upon and taking " the
or waters of any person or corporation " for its

legislative authority for entering

" lands

proposed railroad, could condemn and take a portion of
way of another road (in the present instanc-", of

the right of

the Illinois Central) running longitudinally with the Central's tracks for a distance of about 10 miles.
It seems

is a statement of averages for the week, whereas
the figures below should reflect the actual change in the
condition of the banks between Friday of last week and

that at the place where this condemnation was secured

Friday of

a strip of land, part of

this

week.

the

Burlington

October 14, 1887.

Into Banks.

Out of Banks.

tl, 177,000

11,586,000
6,5J0,000

Net Change in

Bank
I*

Interior MoTement, as aboTe

Snb-Treaa. opera, and gold Imports.
Total gold and

leital

tenders

...

10,4'

0,000

»1 1,877,000

18,006,000

Holdings,

Loss..

t38»,000
Gain.. a,9,)0.a00

Northern

(for they did

it

strip

is

on

between a rocky blufE running

IOalu..t3,5U,000

most
the

of
west.

owns

100 feet and the remainder 200

the river on the east, and the east

which

by

secure a favor-

able decision in the lower Court) the Illinois Central

feet wide, lying

Wttk tndinn

&

bank

parallel

way the boundary
Hence the ownership

the

with

of the Mississippi,

of

the

of

the

Central
covers
in good part the entire width
of
£115,000 bullion during the land below the bluflE, and a road desiring a track along
week. This represents £103,000 received from abroad
the river bank at this point cannot obtain it except by
and £218.000 shipped to the interior of Great Britain.
taking a part of the Central's property.
We mention this
The Bank of France shows a decrease of 14,625,000 francs because it shows the form
in which the question came
gold and 2,650,000 francs silver, and the Bank of
Gar- before the court and therefore the breadth of the decision;
many, since the last report, has lost 12,600,000 marks.
for if an exception should be made in favor of any longiThe following shows the amount of bullion held by the
tudinal condemnation of another railroad's right of way
principal European banks this week and at the
same time this feature in the situation would be the one that would

The Bank

last year.

of

England

lost

justify

it.

T-

We

THE CHRONICLE.

15, 18K7.I

should further state as a matter of

(although the
with the court,

puts

iis it

of lack of authority

new

it

eral provisions of

influence

conclusion

way along

&

the statute.

But the court thinks

further evident from

this

the special mention

(as above set out) of highways, plank roads, turn
pikes and canals (omitting altogether to mention railroads)
in ODuraerating the different rights of way "along or upon

Northern which

the entire jiropetty inside

(that is nearer the bluff than) their tracks.

is

ground made

in iis opin-

attempt to shut out

cimier but offoied to the Burlington

a lease of a right of

however,

decision on the broad

its

and makes no mention of

ion) that the Illinois Central did not

the

fact,

wo must presume, had no

oiTer,

491

This the Bur.

"

the

new road can be

constructed; that

i«Ialure did not intend to confer the additional
believes,

the

power

Legis,

it

moat clearly to be implied from the omission to
while enumerating the others.

lingtou would not accept, but was determined to condemn name it
It is not necessary to refer in detail to the remaining
and did condemn and take the portion between the Illinois
Central tracks and the river so close that only about two portions of the opinion.
They are equally emphatic, in
disposing of every suggestion the ingenious counsel for
feet was left between the passenger cars on the two roads
antl
entirely cutting the original owner off from the the Chicago Burlington & Northern proposed in attempt-

—

river.

Under

circumstances

these

— even had the
longitudinal condemnation — ought

this

condemnation

on the ground that

would seem as if ing to enforce their view. One conclusion is however
law authorized a important, though for a different reason. We refer to the
have been sot aside remark the Court makes to the effect that the Tjegislature

it

Illinois

to

worked an unnecessary damage to
the lirst road located. The apparent object was not simply
to get a right of way, but in accomplishing that, to do the
utm( st possible harm by taking the best the Central had
and leaving it in an inferior position. "We know of no
decision which authorizes or has sustained such action.
The extreme doctrine as laid down in the decisions as we
understand them is, that the property of one railroad may
it

bo taken for the use of another

when such

authority exists,

but only in case the public good and public interests

of

the

State might,

subject to the conditions imposed

the Constitution, authorize

demn

by

one railroad company to con-

way of another by a special
Of course according to this opinion the
provision would have to be a specific and plain expression
of the Legislative intent.
But does not the statement
that the Legislature has that power and in fact does not
this very attempt and litigation which has arisen under
the Illinois general statute, show new need for watchfula part of the right of

or a general law.

ness with regard to the nature of

all

railroad legislation.

demand it, and in locating the second road no unnecessary A very few words added by designing parties without
damage can be done the first road. By this condemnation even the meaning being fully comprehended by the Leg"
Central was even cut off from reaching its islature, could have brought about perhaps a very differ'
and some other buildings except by crossing the ent and disturbing result. Some have claimed that the
right of eminent domain, having been once used, is
track of the new comer.
But the Court in the present instance found it unneces- extinct. But evidently the Illinois Court does not think
sary to enter upon this question.
It puts its decision so, nor 80 far as we know do the decisions of other States
reversing the judgment of condemnation in the lower support that view.
court on the broad ground that the laws of Illinois have
not granted to one road the authority to condemn longi.
the

Illinois

elevator

tudinally the

right of

way

of

another road.

ENGLISH AND AMERICAN RAILROAD
ECONOMY.

All the

powers the company in question possessed as to obtaining
real estate were,

first, the ordinary permission to acquire
It is about two years since Mr. E. B. Dorsey began to
under the law of eminent domain any lands needed for publish his comparisons of the railroads of England and
depots, right of way, etc., which could not be obtained by America.
His work at once attracted public attention.
agreement and purchase; second, "in addition tothepow. He held that the English companies had incurred a great
"era " thus conferred, every corporation formed under the deal of unnecessary expense in construction, that they
law was authorized to enter upon, survey and take lands of bad little or nothing to show for it in the way of economy

" any person or corporation "

which might be found neces-

and that the cost of transportation, either to
the public, was less in America than
third, to "construct its railway across, along or upon any in England.
The appearance of a new and enlarged
" stream of water, water course, street, highway, plank edition of his essay shows that public interest in the sub" road, turnpike or canal which " its route " intersected or ject is still active.
Unfortunately the discussioo has been
"touched;" and fourth, "to cross, intersect, join and almost entirely on one side. The array of figures pre" unite its railway with any other railway before con- sented by Mr. Dorsey is so great that few persons have the
" Btructed at any point in its route and upon the grounds nrceesary time and ability to make an effective reply.
"of such other railway company," &c. These provisions
But even if we grant that Mr. Dorsey's facts are sub.
the court held covered a general grant of power to any stantially correct, we cannot help thinking his conclusions
railroad company organized under the law to take under have been pushed further than the data will warrant.
the eminent domain act any real estate for the purposes There are a great many points of difference between the
specified without regard to who owned it or to what use it two systems which cannot be measured by dollars and
was applied the only limitations being that it was cents, but which must affect our judgment of their relarequired or necessary for some of the purposes set forth.
tive merits.
Take for instance the matter of location.
Notwithstanding these provisions are so broad, and not- The viaduct's embankments and cuttings have been an
withstanding the construction suggested is " within the enormous source of expense to English railroad builders.
"literal terms of the act," it is a construction, the court Mr. Dorsey is right in the fact, but wrong in the reason
adds, which is "wholly inadmissible."
He believes that this expense
If the statute which he assumes for it.
should be so interpreted, "the entire right of way of every was incurred to avoid grades. As a matter of fact, it was
sary in the "selection of the most advantageous route

;''

in operation,

the

railroads or to

—

would be subject to be taken by done to avoid grade crossings. The English engineers
any other real estate. That the legis- did it, not because they thought it good economy, bat
" lature could have intended this or the disastrous conse- because they were compelled to. ^Tbey bad no discretion
"quences that would necessarily result from it, is simply in the matter. The Eng ish/people, acting through Par" absurd." Such is the conclusion reached from the gen- liament, demanded that the roads should be built in a par" railroad in the

"condemnation

State

like

4

THE CHRONICLK

492

This involved great expense, but it avoided
highways and prevented much

It

[Vou XLV,

almost certain that the country would

be paying
Those countries, like
danger to life and property. As a matter of public con" Belgium and Germany, which have enjoyed railroad comThose,
renience, the railroads were forced to decide this ques- petition have had the benefit of this development.
like^ France and England, where competition has been
tion without reference to purely business considerations.
What have they to show for the money thus spent ? largely done away with, have not shared in it.
ticular way.

interruption to traflBc on

is

higher rates for smaller shipments.

Partly on account of the absence of competition and
This is a more practical question; but Mr. Dorsey's
method of dealing with it is wrong. He assumes that partly from other causes, the traffic department of railroad
good construction produces economy in maintenance of service does not offer the same attractions to men of ability
way, locomotive charges and car repairs, while in other and enterprise in England that it does in America. This is

items of operating expenses

it

has

little

or no effect.

a radical difference between the railroad administration of

Dividing expenses in this way he finds that the former
class amount to 50J- per cent of the total on the English

the two

He assumes
roads and 59f per cent on the American.
this difference of 9 1-6 per cent to represent pretty accu-

offers

a smaller proportion of the total than in the Middle
Would Mr. Dorsey have us infer that this was
States,

this to be the radical fault in

countries,

and

unfavorably for England.

one which operates most

is

it

With us the

traffic department
young men of ability a chance for as rapid promo^
tion and as wide infl.ueuce as is to be found in any other
The result is that it attracts thfr
rately the saving duo to the superior construction of the field of work whatever.
In England the case is far
English roads. This is a striking example of the danger best talent of the country.
The percentages have no different. They have good men among their traffic man~
of the misuse of statistics.
bearing on the case whatever. If we compare the U. S. agers but they do not give them the influence which they
Census figures for different parts of the country, we find deserve; and the result is discouraging to those who would
that locomotive service and car repairs in the South form otherwise enter the same line of business.
We believe-

Eaglish railroad service at

the present day and one which

is responsible for many of
by Mr. Dorsey. The traffic departWhat is the motive which makes a railroad manager ment is what comes most directly in contact with thewish to improve his track ? Not to save money on re- general business and life of the nation. If it is managed by
Some improvements have that effect others do reaUy able and far-sighted men, who are given their
pairs.
If grades are reduced by cuttings and embankments due influence over the general policy of the company
not.
The then there is every probability that the railroad will fulfi
the new line requires all the greater watchfulness.
chief saving is that more trafSc can be handled with a its duties to the public.
But if the traffic department
given force of men and cars. There is increased economy does not contain able men, or if they are kept in a subin making up trains and increased regularity in dispatch- ordinate position, no amount of skilled engineeiing or
ing them. The saving is in the item of " conducting careful operation will atone for the defect. Such a railtransportation."
The economy in introducing steel rails road system is like an army with good artillery but bad
was not to be ascribed solely or mainly to the saving in infantry. It may avoid losses, but it will not maka
track repairs.
Its indirect effects were greater than the progress.
direct ones, and extended through every department of
TJI£ ST. FA UL d OMAHA'S CURRENT
railroad administration.
Ttie same general principle
OPERATIONS.
shows itself through almost all other lines of industry.
In view of the multiplication of new lines in the NorthWhen a manufacturer substitutes more expensive plant
for that which he has hitherto used, ii is not generally west, and the peculiar situation of affairs to which this-

due

to superior construction in the

South

the evi's pointed out

?

;

with a view to saving repairs or

fuel.

It is

because the

new machine, with a given amount of human labor, can
be trusted to do more work than the old. Whether the

has given rise there, anything relating to the operationsof the

roads in that section

On

another page

possesses

more than usual

we comment on

the Augustchange is an economical one depends not on the percent- statement of the Burlington & Qaincy, but this is the
age of different elements in cost, but upon the state of only company, aside from the Milwaukee & St. Paul,
the market.
If the reduction in his expenses per unit of from which monthly reports of net earnings can be
product is sufficient to enable him to tell greatly-increased obtained. Neither the liock Island, the Northwest, the
quantities

to have

at

made

somewhat lower
it

;

otherwise

prices, it is

good economy

The question then

is, has the volume of English railroad
developed in a manner to justify the capital
expended on permanent way ? In passenger traffic it

traffic it

Omaha, or the Illinois Central furnish such statements.
have succeeded however in obtaining an exhibit of
the St. Paul & Omaha for the first six months of the current

We

it is not.

business

probably has; in freight

interest.

pretty certainly has not.

year, covering not

only the net earnings, but also the

charges paid out of the same, thus furnishing a complete

account of the half year's operations, which will prove

The facts are difficult to find; but it is certain that both timely and useful.
England has not shared in the movement by which rates
The St. Paul & Omaha has of late been doing bettsr
in America and in many parts of Continental Europe with each succeeding year.
In giving figures covering
have been so rapidly lowered during the last twenty-five the first half of 1886, we remarked upon the great imyears.
There is no evidence of radical change in English provement that had occurred in the net for that period
freight charges, nor more significant still
of great since 1883, the gain ia 1836 particularly having been
increase in English train loads.
heavy. It would have been no surprise therefore to find a
The enormous development of railroad traffic in Amer. falling off the present year. It is consequently gratifying
ioa during this period was made under the stimulus of to be able to note that instead of a decrease, there has

—

competition.

—

Eailroad competition has so many evils to been a further gain in the net. It has been known to
answer for that it is only fair to give it credit for the our readers that the gross was showing quite substantial
good which it has done. Without the stress of railroad additions, and now it turns out that heavier expenses have
wars it would have taken us years to learn how cheaply a not succeeded in wholly wiping out these gains. The
heavy freight traffic could be carried. Perhaps the rail- result is, that both gross and net are the largest ever
roads would still be rvinning light cars and light trains. made in the first sis months of the year.
The following

•

.

OCTOBIR

THE CHRONICLE.

15, 1887.J

gives the results

months

for each of these six

three years.
1887,

1888.

I

Jan..

07,846 3se.t>st 877,000 82,591
77,9-SI 88B,tl00|2.'W,!i7« 143,321
679,735 .S»7,59S «4a.I37 .'>20,lt63 »ia,«)s'9VI.393
|b40,it6 ayi.dna ai.i,8i;i l79,l87|i«l,55H I97,fl8»
.|68;.i»i 382,;k)7 ai'i.iiTj r>'<.wsi3 ;tl7,041 14l,H79
.

Uch.

,

April

Mar..
Jane

.

'wio.'jiH atvi,7a: inu.
I

Op.HI«

.v<t

PHua

rn'ix.

i

8;i.4S«3n3,(14
S^H.OIU 291, OSS

.

F«b..

OTuU

Wet
iSrn*09.

m

«Xl,a7l|33S,3»i« Ill7,!t85

831,459
44,!>e9
307,043 987,03 4 40,019
t9f<,8>4

498

glanoa at this statement sufScea to show the

improvement made
few years. It will

1883.

OrMf Op-Bx- Ifel
Ortm Op.fta
Bm'g:
Banu. Bm'gt. p«n««

A

for the last

1,019 17(1,805

in

thAie six

month* daring

gn»i

t^ie lait

alio be observed that to far from iti
being unusual to find that the dividend
bai not been
earned in this periol, in 18.83, in 1884, and in 1885
th«
net earnings were mt sufficient even to moet
the charges
for

and renUla— that

interest

i«,

4M,H89 M7,0»l IB7,H01

each of

478,159 99U,9(II lltl,l*:il
470,r>a6 994,79 J 7i.- 16

balance remained for the stock, the

those

years.

there was a deBoit in

was not

It

until

1886 that a

am )unt beio« $ 195,478,

mm

Thus the net was larger than in 1886 in every one of and this in 18S7 has increased to $229,869, a
equivalent to 2 per cent on the preferred stock ouutand
the six months e.xcept two— February and March, bad
ing.
Hence, though the company di no', on its ordinary
weather explaining the falling oS in the firat-mentioaed
1

M irch

month, and the compirison ia fie cisa of
with exceptionally heavy figures last year.

being

As compared

with 1885 the totaU are larger in every case without any

Taking the aggregate for the six months, and
extending the comparison two years farther back, we find
that whUe as regards the gross the totals have varied from

exception.

made

year to year, the net in these six months has

terrupted progress towards higher

totals,

unin-

18S7

in

till

the amount stands at $1,020,741, against only $604,780
four years before

—

The gross

in 1833.

the same in-

in

Urval has risen from $2,352,389 to $2,993,001, though,
as said, the increase has not been continuous, a decrease

having occurred

With regard

in 1885.

to the charges against net earnings, there

have been no very material changes since last year.
Taxes for the six months are reported at $106,369
(against $98,348 in 1886), and this if deducted reduces
the net income to $914,372, which, however, still leaves
after

reach

account,

allowing for the

$644,552

(against

charge for rentals $40,751

It will be noticed from the above, however, that the
income from lands for 1887 was smaller than for 1886,
so that the surplus on land sales and road revenue combined, after deducting charges and dividends, ia somewhat
below that of 1886, but that is a matter of comparatively

minor importance. The main fact is that with each succeeding year a more satisfactory showing has been made
on the results of the operation of the road.

We have referred

credits to interest

and the

$628,799),

(against $45,005),

first

months

six

second half are usually $600,000 or more better
those of the

1886.
St.

than

first half.

Paul Je Omaha.

1888.

Net.

dross.

Baminjs. Bamings.
t

JannarTto Jnne...
July toDecembor.
\7ljole year....

1884.

Gross.

Orois.

Barninfls.

Eammos. Baminit.'BanHni:

(

1

Iftt.

j

•

*

2.690,157

967,830

2.510,871

787.190

3,46.3,169

1,561,501

3,303,939

1,528,958

2,893,960
3,091.389

1.309,821

6,153,2661 2,532,181

5,814,810

2,316. 14>>

6.784,932

2.001.386

888,984

making a

—
—

$685,303 to come out of net income in the six
months of 1886 the figure was $673,804 and leaving
total of

the fact that th3

to

invariably constitute the poorer half of the year.
From
the following it will be seen that the net earnings of the

The requirements

the result $15,000 better than in 18S6.
for interest,

operations earn the 3 per cent dividand actually paid, it
came nearer to it man ever before in these six monthi.

In the matter of stock and debt, no changes have
occurred during the six months, though the company built

S3me new road in the inteival. There was on June 30,
1887, as on DacembarSl, 1888, $21,403,293 of common
dividend is $337,704, the surplus of net income for the stock and $12,646,833 of preferred, of which amounts
But there is $2,843,666 of common and $1,386,900 of preferred ware
six months was not sufBcient to meet it.
The total of bonds issued
inothing remarkable in that fact, the first six months held in the company's treasury.
$229,060 lonrards paying the 3 per cent dividend for the
half year on the preferred stock.
As the call for that

we

being, as

shall

below, decidedly the poorer

indicate

also

remained unchanged, being $22,620,092, not counting

show the $75,000 of ^Minneapolis ^Eistern bonds guaranteed.
enough for the dividend. However, if we add the income Advances to proprietary roads on June 30 stood at
from land sales, there ia a very large balance above the $1,224,147, against $1,015,305 on December 31. The
For the twelve months stock of fuel and supplies on band in the same time
dividend even in this half year.
ended June 30, 1887, the income from lands was $715, increased from $520,645 to $778,281. As to the floating
539 half of this ($357,769), when added to the $229,069 debt, the company reports for June 30 an excess of cash
aurplus remaining from the operations of the road, gives and cash assets over current liabilities of $233,675.
half of

the year, and hence

always

they

fail to

;

«

total applicable to

dividends »f $586,838, whereas the

dividend absorbs, as already

said,

only $337,704, leaving

on that basis a clear surplus above dividends and all
charges of $249,134. The following compares this result
with the results of the corresponding six months of the

BATLROAD EARNINGS IN SEPTEMBER.
We again have a very satisfactory statement of earnings, the

four years preceding.
St.

Paul & Omahti.

Gr03s oarnlr.gg
Operating oipeas<M...
Netaarninga

Bnrplai

«

t

183.1.

»

2,693,550

2,35'>,3S9

1,972,200

1.722,037

1,723,'181

1,994,986

l,747,'i09

1,020,741

787,190
99,428

699,504

106.369

967,030
96,348

100,325

604,780
80,3:4

914.37-i

889,982

087.783

898,239

518,466

84 40359
40,761

828,799
4S.00S

856,668
aajias

029,371

839,488

24,363

17,41)6

rtB5,iH)3

07.1,HO»

894.936

646.734

849.979

2iU,U09
V«7,7i!9

l9o,<7« tier. 7,U4
•301,429

def. 4t,4US
•295,031

def. 31.513

•4a0,0S3

5ia,!l38

<515,Sai

for stock
/roiu lands.

Total
BIT. on prof,

1883.

$

2,510,871

Total charges

Het cash

1886.

*

8,690,157

Charijta—
Inte'eat on dobt (net)
Kazitals, &o.,

Amount

1887.

18&J.

9,99.3.001

Met Income

at'li, p.c. (3)

337.704 (X) 337,701

24S.13t

gain for the

month

of

September on the lit

roads embraced in our table reaching $2,907,696.

(1)

•3)6.:tS.'»

241,840
297,255
246,5'M
337,704 (3«) 39.},9'<S (3^) 37a.4W

2;7.857 <iof 40,449 dof. 147,422 def. 151,648

To

be sure, as in preceding months, the improvement ia in
part the result of an increase ia mileag.?, but the ratio of
gain in earnings

is

10 per cent and in mileage only 6 per

cent, while the earnings per

month

this year, against

nearly 4 per cent.

$175

mile average

$493 for the

last year, the increase

Really, however, the

showing

is

being

more

favorable than this 4 per cent gain in the average per
for such a comparison
road are as heavy as
new
on
the
assumes that the earnings
the new mileage
of
bulk
the
whereas
on the old road,
being in new sections its earninga must of necessity be

mile

very

would

much

seem

to

indicate,

smaller than those of the old

mileage—i oon-

.

Uaii of aoioimt for preceding twelTo iuontli3<

sideration frequently lost sight of.

j

..

.
..

THE CHRONICLE.

494

OSOBB BABNINOS AND HU,EAOE ID SEPTGHBBB.

this
1887.

& 8. Fe.
Atlantic & Paclfle
Biiftalo N. Y. & i-hil..

Ateh. Topeia

Butt.Eoch. &
Burl.Ced. Rap. A No.
Cairo Viiiu. & Chio...
CalUoriUi Southern..
Pittsb..

Canadian Paciflo
Cape Fear &. Yad. Val.
Central of Iowa
Chee. AtOblo ..»
Cties. olilocte !«rw..

Chicago & Atlantic ..
Chic. £ EaBtcrn (U....
Chic. Aliid. Coal
Ohlc.Milw.&Sl. Paui.
Chio. St. L. A Pitts..
•Clilc. St. P. &. Kan. C
CUc. & West Mich....
can. Ind. St. L. &Ch..
Clh. Ja<*'kBou tfeMaek.
Cln. W.O. ATex.Pae.
Alabama Ot.South..
N.O. •& >'urth Kaat..

Vick8b.& Meridian
Vlckbb. 8h. & Pao..

Cln. Eich. & Ft. W..
Bait...
Cin. Wash.
Col..
Clove. Ail on

&

&

Clev eland <& Canton..
Clev. Col. Clu. Is. lud
Cley. & Marietta.....
Col.
Col.

&

Cin. Midland..
Hock. V.
Xol

Uenv.
Deny.

&

i&
<&

Klo Grande.
K. O. West

Det. liay C. & Alpena.
Detroit Lans'g * No
Det. Mack. & Murq.

EastXenu.Va. &<ia..
EvaubV. & lud'tiap'e.
Evansv. u^ T. Uauce.
Flint & Pere Marq
.

& Nav. Co
Ft. Worth ADenv.C'y.
Georgia Paciflo
Qr.Rupids >t6 Indiana.
tOrand Trunk or Can
Gulf Col. & 8. Fe
Houston & Tej.Cent.
Dl. Ceiiiral (111. Div )
Fla. Ry.

.

(Souihern Div.)
Ced. F. &
DuU. & Sioux City.

M

Iowa

F.

&8. C

C. Ft. 8.4 Gull
Kail. C. Sp. &Mem..
Kan. C. Clln.<fe8p

Kan.

Keokuk & Western...
Klngst. & i-fciubroke.
Lake Erie & Western

Lehigh

A

Hudson...

Rock

jj

Mem.

.

Long Island
Louisv. Evans. & 8t.L
LoiUsville & Nashv.

Louisv.N.Alb.&Chic.
Louis. N. O. & Texas.
Marl. Col. & Northern
Marq. Hough. & On

Uemplii8& Char'tuu

{Mexican Central ...
iMex. Nat. (all lines)
Mllw. L. Sh. & West.
Milwaukee & North.
Minn. & NorthwestMise. & Teimessee
Mobile A OUto
Naeh. Chatt. & 8t. L
N.Y. Cent. A HudK..

N. Y. Cnty A Nor.liern
N.Y. Out. A Wi-st'n..
Horlolk A Western...

Horthein Pacino
Ohio A Mississippi...
Ohio River
Ohio Southern
Peoria IJec.AEvansv.
PitiSbuig A Western.

Klch. A UanvlUe
Va. Mid. Div
Char. Col. A Aug.

..

A Greenv. Div
West. No. Car. Div.
Wash. O. A W
Ashv. A Bpar. Div.
Col.

JSt.L.A.&T.H.m.ilnt

Do ( branches)
Louis Ark. A Tex..
Louib A San Fran
PbnI * Duluth...
Paul Minn. A Man
Bhcuaudouh Valley ..
Texas A PaclUc
Tol. A. A. AN. Mich
Tol. A Ohio Central
Tol P&rli A West..
Valley of Ohio
St.
8t.
Bt.
St.

.

Waba»h Western

Wheeling A L. Erie..
Wlwonsin Central ...
hie Wi». AMliin..
Miun.St.Cr'x
Wis.
Wis.
Minn

<

A

A

257,fl0

175,39
269,06'.<

6.^,0K4

105,12c
1,046,001
27,9 '54

122,373
416,526
186.731
207,46
181,848

}

%
1,461.1.'>7

l.<7,956

238,280
153.h39
297,8 s:<
58,525
67,803
955,963
20,580
124,254
388,99
160.944
184,315
171,629
22.342
«.

518.4S6

46a,50.'S

30,1HS*

16,S05
128.594
245,523
41.283
256,299
104,428
45.86^
36.401
44,385

122,040
245,85ii

53,747
309,9 1:
137,865
56,33.;
51.»3()

5«,81f
33.3fl2

37,13ii

223.291
52,062
36.744
415, 19y
26,911
31.267
261.689
773.076
1 20.000
43,000
102,042
43,227
484,561
22,672
7 6,677
221.469

203.710
51,769
33,807
426,678

76,2,56
58,48:1

2b.09.T

31,42p
225,604
646.034
90,5 ,i6
19.369
109.787
35.556
394,38
20,260
68,729
179.155
fc9,047
4:.2.'i9

+ 4,317

2,703

2.418

+ 25.697
+ 1«,02
+ 21.75

818
663
294

818
663
294

—28,79-

1,039

+6..i59

265
210

1,006
265

+ 37.320
+90.037
+7,384
—1.881
+27,534
+25,787
+23,154

+ 10,21+20,483

— 194.97

+ .54,98
+ 13,39.
—6,554

+327
+12,464
+33,618
+33,43-

+ 10,-i70
+ 15,538
+ 14,431
+ 1,260
+ 19,580
+ -9+2,937

—11,4-,

1,547,416

216,992

+ 82,653

378,9;iO

—25,005

359,996
92.267

8.-.21"

1.441.V7.

1.2.=. 8.191

2U.34(

190,593
126,656
3.090
117,639
120.680
300,876
137,883
248,140

lSI,24g
6,611

140.383
150,538
363,900
lv:9,736

332.123
94.830
182,679
39,78.'

230,714
270,147
3,400,481
53,727
158.249
377,231
1,351,201
402,461
42,760
.V2.882

77.854
186,7.5.^

4-1,800
151.200
69,6<0
45,30f'

70.900
18,200
9,200
216,910
90,790
282,072
573,973
179,815
847,800
94.000
551.047
53.014
105,731
03,244
59,612
637,144
64.279
180.97H
58,032
42,982
27,538

— 15,'^60
+ 47
+2,065
63i
+7,115
+45,228

—

2.i3

184
832
109
152
389
282
174
148
115
648
63
135
354
263

1,954

2,023

537
511
37
160
330
1,236
866
573
24

520
511
27
160
330

+ 2,694
+2,083

14!-

+.?,092

+31,206
—1.199

+ 16,201
+ 29,741
+4.05

+ 183,079
+ 23,753
+54.592

+ 3.521
+22.744
+2..<.85l-

+63.024
—8.147
+83,983
+3n,dS'f

+ 127,951

.50,275

692
513
953
711
76
143

2^i
174

54,723
32,071
174,a5t
223,311
3,058,548
3<J0,966

2,924

38!

+7,714
+5rt.3.S8

+46,836
+341,933
+3,452

+ 26,352
+ 76,268

11.

54h
6
135
354

600
1,441

1,441

54
321
533
3,082
616
173
128
254

54
321
511

365,397
163,800
61,380
41,846
60,366
16,300
7,900
188.023
78,695
165,579
479.565

+ 106,403
—12,600
+ 8,220

77
355

+3.454
+10.534

296

+ 1,900
+ l,oOu
+ 28,8a7
+ 12,095
+ 116,493

50
70
267
188

940

+ 94,40S

1.190

210.721,

—30,906

819.799

+ 28,001
+ -,779
—17,520
+ 17,968

»5,221

568,667
35.046
80.446
87,674
57,934
507.428

+25,285
+5,5'0

+ 1,678
+ 12j,716

5S.27t

+ 11,003

139.879
32,135
34,447
20,255

+41,009
+25,897
+8,53f
+7.28S

551

100
68

—21.472
+9.200
—12.627
+34.893

863
221
109
100
687
580

1,372,673
393,261
22,S29
53,101
90,481
151,862

+ 20.431
-219

1,236

460

63.592

.

t

52.980
56.844
57,481
57,151
59,002
58,730
Se,993
61.242

While however the

t

22,199,905
20,782,298

19,025,,570

28,781,819
28,038.442

22,839,,7S5

4,184,370
3,388,657

28,132,3.S2

22,594. 531

3,537,801

27,577,858

24,377.,8«

P,199,778

26,482,244

24,210,,706

2,341,638

27,010,23!!

24,154,,509

32,021.314

29,113,,648

2,835,733
2,907,696

34,597,,219

increase for September

heavier than that for August,

t
3,828,885
1,736,728

18,371,,020

is

a

little

does not follow quite so

it

August then having
On the other hand

large an increase in the previous year,

been the test month of the whole series.
the gain

for

September

is

made without

the aid of the

extra working day which August had in

its

Moreover, though the September gain

favor this

year fell
below that for August, it was yet very large, reaching
$2,882,431 on 77 roads. In other words, a gain of 2J

year.

last

million dollars in

973
513
7S
143
184
532
118
152

MUes.

56,127
55,990
61,901
60,607
60,085
82,623
01,751
60,066
64.989

further gain of about the same amount the present year.

2.924

794

Milti.

Inereaieor
DeCTCOK.

1886.

1887.

138
146

534
146
317
396

1,159

1886.

(ill roads)
April (106 roads) ....
May (102 roads)
June (113 roads)
July (107 roads)
Aotf. (lo4 roads)
Septe'ber (117 roads)
.

Earntngs.

1887.

361

35C
396

+ 63,65.-j
—3,438
—20,935

106
70

361
574
196

—157

59,2.i.^

131,897

281
144
161
391

161

1,098

3.*3,915
<63,20i-

17.497
84,451

835
115
413
342
243
336
295
196
143
170
86

+ 90,1S6 1,098
138
+ 2,412
146
+ 7,918

299,645

13.17f

635
142
413
297
266
336
295
196
143
170
86
281
144

MiUage.

March

369
100
268
151

1,642,317

appear from the following', the $2,907,696 increase
September compares with $2,855,732 (on 104 roads)
for August, and $2 241,538 (on 107 roads) for July.
will

for

119
4,989

1,317

+32,872
+22,756
+94,901

million dol-

year

January (97 roads)..
February (101 roads)

369
168
268
151

+ 7,209
+ 16,230

23^

we had begun to compare with the period of time
when earnings were exceptionally heavy. As

before

512
502
398
268
247

1,317

+42,314

a gain of over

278

+29,444
+23,631
—7,745
+7,67!

194.56fc

38,509
211,553
134,553
18,474
29,786
13,802
1S0,109
18,696
68,247
330,256

5,:iOO

it,

very large amount.

4,200
155

324

217,322

253,408
15.243
37,877
218,668
179,781
21,168
31.868
18,8a4
2ll,3l^

212
512
502
398
268
247
146

391
106
70
324

87.71

663,357
306,745
16.63S
102,236
71,160
253.361

4,436

+ 1,81+ 36.085
+ 127,04;;
—3,159

120,58"

370,41K
13,200
81,300

1886.

last

2,553.971

Total (117 roads)... 32.n-2l..^4
* liicludtts
I For fiinr

1886.

42,H2£
2.359.001

.'56,900

Ind. Bloom. <te West..
Ind. lU. Alowa
Ind. Decatur <teSp

Little

S
1.465.474
163,6it

Increase or
1887.
Decrease.

at

XLV,

There have been some months
year when the increase was even larger, but that was

Uileagf.

&r(,«< RarniixQi.

of Soad.

[Vol.

But however we look
lars is a

Name

.

.

.

2,778

The following

September

year

last

show the September

will

followed by a

is

results for a series

of years past.
laitage.

Period.

EarnitiQt.

Tear

Tear

Tear

Oiven.

Preceding.

aiven.

Preceding.

Mttet.

una.

t
15,488,880

42,907
47,739

37,383
43,172
47,259

25,388,176

Sept., 18S0 i39 roadsi
Sept., 1881 |55 roads

1

Sept., 1882 (61 roads;

Sept., 1883 ,88 roads)

51,730
39,567
44,564

Sept., 1884 (62 roads)
Sept., 1885 (56 roads)
Sept.. 1888 (77 roads)

37,879
43,373
53,093
81,242

55,297
64,989

Sept.. 18871117 roods)

Inereatesr
Decreau.

Tear

29,760,857
27,494.170
19.256,061

20,872,145
87,931,707
38,031,344

i

t

13,713,665 Inc. 2,773,195
21,832,848 Ine. 3,565,338
29,108,434 Inc. 3,648,423
25,488,510 Inc. 2,007,860
20,394,216 Bee. 1,138,153
20,355,358 Dee.
82.913
25,019,276 Inc. 2,882,431
29,113,648 [nc. 2,907,996

In addition to tbe favoring luiiaeuces tUai have Dean at

work

through the year, such
and the large traffic

to swell railroad earnings all

as the active state of general business
in construction material, there

was

in

September a special
though its

favoring circumstance of large magnitude,

operation was confined to special sections of the coantrj.

We refer
This

is

and very free movement of cotton.

to the ear'y

not so marked in the case of the cotton going

north overland, though even here
48,178

bales, against

we

get an aggregate of

only 25, 122 bales in Septembar, 1886,

but in the case of the receipts at the ports the increase

As

simply marvellous.

is

356,735 bales in 1836,

against

616
94
128

and 384,277 bales in 1885, the aggregate of these receipts
present year was 653,722 bales that is, an increase
254 the
315 over the previous year of about 300,000 bales.
From the
774

36;

225

355
b73
296
285
60
70
267
138
735
877
225

2,207

1,700

37:
29.

255

255

1,487

1,487

184
213
247
75

130
213
247
75
995
186
417
122
111
54

1,116

186
417
122
111
51

—

following table

it

29.113,648 +2,907,686 81,989 61,242

be seen that the enlarged movement

RBOEIPTS OF COTTON AT 80DTHERN POBT8 IN 8EPTEMBEB. AND FBOIC
JANtlART 1 TO gBPTEMBEB 30, 1887. 1886 AH1> 1885,
September.

SiTice

Januaru

1.

Portt.
188S.

Oatreston
Indlanola,

bales

118,134

112,271

kc

New

80,901

1887.

1886.

188B.

363,397

388,608

156,488

7B9,12«

678,516
97,879
16,720
309,659

493.423
63.438
37.338
838.0S7
8.000
138.368

781

a.Bl3

Orleans
Mobile

183,877

66,224

20,714

Florida

3,i0»
188,425
8,524
91,978
1,248

7,888
1,648
95,955
1,100

2,771
114,778

45,454

63,000

314

769

10,400
34

12,520

68,418

36,54 J

86
23,473

682
173.96»<

3,86
211,81-

17.793

129,68.>

108.4S

Savannah
Brunswick, iLC
Charleston
Port Royal, &0

Wilmington
filorebead City, Ac.

three weeks only "f September In eaob year.
weeks ended October 1.
J MeJtlcan currency.
Ineludiug ludianapoUa A St. Louis.

will

was general, and extended to all the ports, the augraentktion at some of them being very heavy indeed

Norfolk

West

Point, Ac....

Tnt«',

S6,723
13<

a2,8«)

13,985
1,661

(1.5372-.

.356.735

41J23C-

64,459
12,209

739

.184.97

77,220
12,264
316,064
18,182
139,176
6,98'

l.»r.».17

5,701
170,197

6,01S

1.02(1.72.

4.3S5
83,800
1,754

186.3M
03,083
i.a4(i.eiie

.

OOTOBEH

Aa

CHRONIOLR.

IB, 18S7.I

the result of this exceptional cotton tnovemeut, the

Southern roads, which hnve

more conspicuous

exhibits, are this time

good

for their

along been distinguiBhed

all

We

need hardly single out any for special

495

But while the ruling condiiiong in the South were
favorable, in the Northwest they were adverse, and benco
of the country

section

this

conipicuoaa for poor

as

ia

South is for good results.
We find a heavy
mention, but the fact that such representative systems as loss on the Milwaukee & So. PauI, and greater or smaller
the Richmond & Dinville, the Mobile & Ohio, the E*8t losses on the St. Paul k Duluth, the Burlington Cedar
Tennessee, the Norfolk & Western, the Louisville & Rapids & Northern, the Central Iowa, the Iowa lines of
Nashville, and the Louisville New Orleans & Texas all the Illinois Central, and the Northern Pacific.
Some of
report gsins of large amouat, is evidence of the import, these, and notably the Northern Pacific and the MilwauWe do not mean to kee & Paul, had very large gains a year ago, which io
ance of the agency in question.
assert that the gains reported are entirely or even chiefly part explains their present losses, but on the other hand
the result of the larger cotton movement
that would some show a decrease this year in addition to a decrease
Of course all the newer roads, and especially
hardly
be correct, and
the favorable reports of last year.
than ever.

results as the

—

months

preceding

proof

is

that

certain

least

at

is

to

contrary

the

—but

cotton

the increased

it

traffic

those that connect with the iron ore region of

belong

rior,

category by themselves

in a

was a very important element in swelling the September they report very heavy gains.

may

gains.
It is

only fair to say that west of

movement

of the

was on a much more

restricted

being reported later than

last year.

staple

the crop there

Ecale,

the Mississippi the

where
the gain is scarcely 6,000 bales, while comparatively minor
ports show gains all the way from 20,000 to 50,000 balesBut more marked evidence is found in the case of the
In part this

movement

how some

see

have done for a

In

Ltke Supe-

— as heretofore,

order that the reader

the leading Northwestern

of

series of

we

years,

roads

present the following

table.
SepUmbtr.

1887.

1886.

1S85.

«

(

1S84.

1683.

isaa.

reflected in the arrivals at G-alveston,

is

Central Iowa

At

Orleans.

point the receipts

that

160,400
179,815
847,800

810,781
819,799

«

149,950

181,518

118,«9<

2,8-.'0,BSI

l.«5O,7I0

187.288
178.575
747,578

186,826
132,143
788,587

801,808
148,878
754,473

198.170
180,815
8S4.S17

a669.388 5,89e,7TO 8,508,783

3,403,547

8,461,454

8,211.838

AM

Total

124.884
2,553,971

8,201,241

Paul A Dttluth.
Paul Minn.

St.

128,378
8,350.000

t

t

148,044
2,873,278

Chic. Mil. A St. P.
III. Cent. (I'a lineal
St.

New

at

«

l»o.o;«

have doubled, and yet the deliveries by the two Texas
roads

—the Texas

&

and the Morgan

Pacific

line

—were

only 46,625 bales, against 49,237 bales last year, while the

Texas

& Pacific alone

broughtin only 19,522

This explanation

25,998 bales.

bales, against

Some

are unsatisfactory, there

is

a

movement.

This,

coming

the roads were feeling seriously the effects

of the construction of so

many new

and reduction of

of competition

lines,

with the increase

rates that has followed,

has proven an adverse iofluence of great moment.

The

contraction has cccurred chiefly in the item of whea*, and

the magnitude of the falling off
ciated.

It is

not generally appre-

is

not so marked at Chicago, though even at

that centre there

a loss of a

is

million

bushel.°,

accom-

panied moreover by a half a million decrease in corn, in

$92,420.

well

when

it

would be difficult to understand the returns of the
Houston & Texas Central and the Texas & Pacific, both
of which, instead of following the rule of increase on
Southern roads, report a loss. Still it is to be remem^
bered that these two roads had very large gains a
year ago, that of the Texas & Pacific having been
$103,567 and that of the Houston & Texas Central

results

that hss occurred in the grain
at a time

necessary, otherwise

is

But while these

special reason for the falling off in the great contraction

other Texas roads however have done remarkably

— hardly

sissippi.

than Southern roads east of the Mis^
The Fort Worth & Denver, for instance, has

increased

less so

40 per cent, while

earnings nearly

its

&

Gulf Colorado

part offset, however, by a small increase in oats and barley,
as will appear

from the following.

RECEIPTS AT CHICAGO DUBINO 8EPTEMHKK AND SINCE JAN.
Stptember.

the

Santa Fa has an equally large ratio of

Jon.l(<>S>i>t«m6'r30.
1886.

1886.

Wheat, bosh

1,170,6')2

8,185,650

1,808,3661 16,636,649

8,4»7,7W7

Corn., bnshOats. ..bush.

8,035.618

8,511,1351

6,712,834! 86.833,482

49,318.0*)

13.«70,8TO
49,045,147

4,999,092

4,72»,SU5!

4.l>09,3BC

34,014,882

30,548,7*4

8,817,677

118,388
1,959,187

252,«92!

1,819.<)48

1,050,918

527,312
7,053,314

78 -1.931

Barler.bash.

83,877
8,034,780

7,897,6411

6,873,0eS

1886, the

Total grain.

16,323,623

17,510,663

13,828,170

94,08fl,5«9

80,757, I6h

9S.7a«.434

earnings this year reach $282,072, anincreaseof $116,493,

Flour. ..bbla.

647.788

283,800

4,316.781

2,674,491

4,017.787

Pork..,bbl8.

742

884,171
1,813
8.472,183
7,979,143
488,480

18,181

30,850

though on a heavily increased mileage. Among the
roads that reach into Texas the St. Louis Arkansas &
Texas excels all others for the favorable character of its

gain,

exhibit.

As

apainat a total of

$165,579 in

Tae company has enlarged

or 70 per c?nf.

its

mileage,

but the improved results probably follow chiefly from
the change of gauge and the development of the country

The

which the road drains.

St.

also has quite a large gain, but

Santa Fe has only a

trifling

wo compare September
ing Southern

can be seen

Louis

& Ban

Francisco

Atchison Topeka

the

increase.

la

&

following

the

earnings for six years on ten lead

1887.

R;'e....basb.

Cut

m'ls.lbs-

13,107,440

Lard....lb8.

3.853.5,381

LlTehoff^Nc

374,8"6|

But the diminution
with the falling

and Southwestern systems, from which it
great the improvement in recent years

how

off

at

1885.

1887.

52,615
11.505.814 168,888,788
03,868.264
7,591,697
3.682,084
374,987
2.38i

at Chicago

is

some other

M.838.14H 48.188.086
4,576,01S>

4.380,614

insignificant

compared

We

find that

points.

and river ports of the West the
the five weeks ending October 1 foot

wheat for
up only about nine million bushels this year, against
nearly sixteen millions in the same five weeks of 1886, a
decrease of seven million bushels.

has been on these roads.

19,888.6iie 117,A21.86fi

at the eight leading lake

receipts of

•

1886.

1.

It will surprise

many

to hear that the bulk of this decrease occurs iu spring
Srptrmbtr.

1887.

1886.

1866.

t

Atch Top. A S. F.
Che».4 0hlo
.Tenn.Va.ft6a..
GBlf Col. AS. Fc.
Dl, Cent. (So. DlT.)

LonlsTille Jt Nash,
Mobile 4 Ohio*....

Norfolk A We«t. ..
Btahniond A Danv
8t, L,

A San Kmn

ToUl
* Incliidea Bt,

t
1,466,471 1,461,157
41«,686
888,998
484,6«e;
394,880
299,645'
816.998
370,400,
308,745
1,441,270 1,858,191
• 8.S<',714

377.284
471,800
573,97S;

H,131,eai

Louis

•174.866
80o,eae

t
1,385,585

809,087
879,484
211,163
318,564
1,148,814
•

158,0461

866,897
479,865

867,874
881,172
894,806

5,346,741

4,053,443

& Cairo

18S4.

»
1,613,046
803,103
369,311
1S5.27I

1883,

»

1888.

t

1.3e2,983

1,329,113

865,474
391,434
318,507

382.819
820,858
182,980

283,298

1,145.381

351,896
1,884,179

1,114,513

160,669
270,ul0

186,908
287,201

167,879
832,774

337,387
462,943

8H2,29«
383,082

340,581

5.07I,H8K

5,239,960

4,833,198

384,783

earning.) in these years.

339,504

not in

winter wheat, but the fact

spring variety that the

was especially heavy.

is

that

it

and

was in the

movement in September last year
Tae change that has occurred is

particularly noticeable at Duluth.

Tnis port in the

five

weeks of 1886 received nearly 6^ million bushels of wheat
(all spring, of course), but in the five weeki of 1887 it
received only about IJ million bushels, a decrease of over
4^ million bushels. And the decrease at Duluth is
fair indication of the difference between the
two years in the whole of the spring-wheat region. Of

probably a

1

.....
...

THE CHRONICLE.

496

course there has also been a decline in the receipts at the
winter wheat markets, hut this concerns a diSerent class
of roads.

ment

our usual table giving the grain movethe leading Western ports, both for Saptember

Here

at all

is

and since January

1.

BCBIPTS OF FLODB AND QBAIN FOR FIV» WEEKS ENDED OCTOBEB 1
AND 8INCB JANUART 1.

September,

& East.ni.
Chic. * W.Mich...
Cln. Ind.St.L.tCh.
Cin. Wash. * Bait.
CleT. Col. C. 41...
Det. LansinK & No
Chicago

Evansv.4 Terre H.

Wheat,

Com,

OaU.

Barltv,

(biMh.)

{fcusW

(Mm*.)

(biu/i.)

9.266.577 5.90,5.031 2.313.919
833,031
1,405.350
t wta!sevt., 1887
9,78'1.3S(i 5.507,007
430,650
2,482.152
twkB.3epr.,l-«S
3;i,t)21,010 7,13 1.701
38,9.'5,3SB
4,543,727
15.719,309
1,1887
Jan.
etnce
Blnoe Jan. 1,188a 2,601,70^ 8.572,130 49,578,895 30,762,326 7,830,429

181.702
i wks. Sept., 1887
377,162
i wks. Sept., 1888
Blnoe Jan. 1,1837 1,777.45»
Since Jan. 1,183« a.668,981

54.880
67.680

838,038
1,085.464
4.853,804
5,069,141

689,6«
471,490

105,300
276.350
1,821,106
1,133,721

1,3-26,515

1,165.810
2,709.599
3,057,478

ULLoUtt—
• wks.
• wks.

Sept., 1387
Sept., l-'Se

Since Jan. 1. 1*17
BlnceJan.l.ia8tJ

i2i,'e4
101,336
793,93 r

B06,U2

1 wks. Sept.. 1887
f wks. Sept., l»m
Since Jan. 1. iaS7
Binoo Jan. 1,1886

S8.788
2».168
193,991
181,305

DetroitS wks. Sept., 1887
• wks. Sept., 188ii
Sinee Jan.l,lH87
glnce Jan. 1,18811

23.929
14,076
131.652
109,613

1,114.520

1,682.803
1,453.690
11,631,169
10,193,927

HK5,lll5

11,72«,2;6
12,461,172

1,401,615
731.639
6,797,965
5,533,494

7,460..397

10,408,870

Total
*

Approximate.

28.780
20.500
117,"70
225,236

128.291
101,602

30,308
2;i,-.;97

For the nine months ended September 30, the showing,
earnings is exceedingly good nearly all over the
country.
Out of the 111 roads embraced in our table
there are only 6 that show a decrease, and these all minor
ones.
The gain on the 111 roads reaches over 3 1 million
of

iH,Sl3
2r,070
16H,,W»
i6j,o?a

the

against

$213,461,310

1,085.016
1.462.980

102,335
03,863

6.478,421*

1,169,0H8
1,788,680

6,210,011

141,918
173,l«7
1,091.929
1,446,129

101,961
69,631
577,623
456,792

228.897
100,940

3,455
1.500
10,220
68,825
34.600
37,000
293.591
240,250

Since Jan.l,lr«7
Since Jan.], 1880
Dulu()i—

•>ks.

90,300
682,60?
803,343

1.2m,425
1,109,251

42.280
13.100
140.091
125,503

1,281.650
668,980
4,931,350
4,709,930

1,712,900
1,726,395
8.45S,220
9,623,210

146,900
96,000
B19,5O0
433,710

S1S.613
265,430

83.(15

a.om.iioe
1,494,771

186,500

8,040
8.24H
59,972

10.'),200

815.075
840,325

02,340

Sept., 1SS7

I63,7.3a

K wks. Sept., 18^6
Since Jan. 1, 18ST
Since Jan. 1, 1886

1,851,118
6,414.SB1

886,510

6,»S8,15'i

Name of

Boad.

AtoUison Top.
Atlantic

&

4,879,141

223,437

8,001,r)57 4,107,011
10.91.3,515 9.4fl6,21H 2,306.701
57.S1I,390 53.':or,l71 I2fi:u,niv

2s,'i,86S

11,996,114
11.929,124

9,553,74(1

54.363,399
55.360,:i«3
,

9.840,617

511,914
1,2jJ,S12
1,630.470

74,623,9)2 50,133.348 13,076,882
80.173.014 47,830,753 9,295.176 I 2,27i',97«

NOTi— Re< alpts at Mlnn>-,apolis not Indaded
tre weeks iliU year

&

1887.

Fe

3.

.t

I'nil....

Buffalo Rooh. & Pitts. .
Burl. Cedar Bap. & No..
Cairo Vinoonnes & Chic.
California Soiithern
Canadian Paoifto

abore table were In tbe

In the
r,656,570 bushels of wheat.

Chicago

&

Atlautio

A Eastern Illinois.
OhicaKO Mllw. .Si at.Paul
Chic. St. Louis & Pllts..
Chicago & West IVIioU.
Chic.

. .

Cln. Ind. 8t. I.. A Ohio...
Cin. Jaolisou A M;tcl( ...
Cln. NewOrl. A Tex Pae.
Alabama Gt. South'n..
,

Orleans A No. E..
Vloksburg A Meriilian
VlctsburK Sh. A Pao.

New

Thus Toledo and Detroit show diminished
wheat,

besides

Daluth, Chicago and

significant of the influence that the

that cereal

may

receipts of

Milwaukee.

is

reduced movement of

be supposed to have had on railroad

that sixteen of the twenty-one

It

traffic

roads in our table which

A
A

Cin. Rich.
Ft. Wayne.
Cln. Wash.
Baltimore.
C.ev. Akron A Col
CleT.
Canton .... ...
CleT. Col. Cin.
Ind....
CleT.
Marietta
Col.
Cin. Midland
Tol...
Col. Hock. Val.

A
A
A

A

A
show diminished earnings are located within the wheat DeuTerA BioOrande...
DeuTerAR.
O. Western.
In the Central Western Det. Bay City A Alpena.
sections, either winter or spring.
Detroit Lansing A No.
States, aiy <3hio, Indiana and Illinois, the losses can nearly Detroit Mack. A Marq..
East Tenn. Va. A Oa
all be explained by that circumstance.
But the roads in EvansTlUe
A Indlanap..
ETansT.
A T. Haute
country
which
are
that part of the
report an increase
far
Flint A Pere Marquette.
more numerous than those which report a decline, and we Florida R'y A NaT. Co..
Ft. Worth A DenT. City.
merely refer to the latter because of the obvious connec- Georgia Pacific ... ....
Grand Rapids A Ind..
tion between their decline and the smaller grain move- tGra-nd Tr. of Canada.
Gulf Col. A 8. Fe
ment. As the returns from this seciion were unusually Houst. A Tex. Central
111. CJentral (111. DIt.). ..
good a year ago, the further gain this year in so many
(Southern DiT.)
.

..

.

.

cases

is

AM

Cedar F.
Dub. AS. C

especially gratifying.

The trunk

lines are

anottier class of

roads which did

Iowa

Palls

AS. C

Indiana. Bloom. A West.
Indlanap. Ileo.A 8iu-ing.
Kan. City Ft. S. A^ulf..
Kan. City Sp. A Mem...

1836,

.

made

$

Marq. Houghton

The Grand Trunk

of Canada, the Chicago

&

&

Atlantic, the

Like Erie &
Western and the Wabash Western, are some other of the
Baltimore, the

trunk-line roads

tinuous gains.

or their connections which record conTne following table embraces twelve roads

Middle Western
show smaller earnings

in the

section, including

this

year than

noticed that while tbe aggregate for 1837
in either 1886, 1885, or

1884,

it

is

a number that
last.
is

li

It will

be

greater than

not quite up to the

t Mexican Central
{Mexican Nat. (all

Out..

Milwaukee
Minn.

A

liuts)

A West'n.
Northern.
Northwestern..

Mllw. L.Shore

A

l,0H,2iJ
2,019,656

61,14!)

>57,13I

470,130
196.510

8?,:oi
517,815
850,476

7,887,262
193,187
950,999
3,231.077
1,366.362
1,596,072
l,472,m:?
17,406,957
1,213,064
1,036,765
1,983,414
347,741
2,426,796
1,098,37a

462,250
364,254
369,763
302.364
1,595,636

417,S50
271,379
3,277,095
221,861
240,67*:

1,917,715
8,740,818
8i0,800
365,361
848,289
271,385
3,718,692
176,535
633,37i
1,922,702
746,161
485,145
855,325
1,750.700
13,399,615
1,806,010
1,856,658
5,389,137
2,740,636
92,801
596,852
46y,725
1,937,530
309,278

827,100

1,174,663
3,430,174
1,245,258
2,466,675
696,931
967,-i61

310,178
A Tennessee
Mobile A Ohio
1,714,596
Nash. Chalt. A St. L.-i
2,265.785
N.Y. Cen. AHud. Blv..^ 26,237,72,5
N.Y. CMty * Northern ..
428,798
1,151,961
N.Y. Ontario & West'n.
2,976,814
Norfolk A Western
9,300.517
Northern Paeiflo
3,0-26,38)Ohio A Mississippi
Ohli) Biver
214,163
.. ....
Ohio fiouthern
411,48
634,514
Peoria Decaiur A Ev...
1.4S«.,571
Pittsliiirir A Western
•

t

To C«tob«r

1.

$

1,472,92.1
2,0 U, 105

Mi.ss.

toUl of 1882 or 1383.

$

11,01 -,586
1,051,966
1,91^,360

1,014,32.5

i

7,038,786
160.211
939,678
3,025,285
1.186,030

2,545,801

880,33
li2,016
446,691
1

32,^*13

11,321
2S5,7.P2

l,l«.t,244

432,82-*

200,721
2 16.785
717,012

299,219

48,5-32

378,235
268,651
40,18-

343,457
311,971
278.220
1,148,119
404.963
262,611
3,002,575
204,761
232,833
1,615,806
4,750.697

2i«.797
57,79-2

160,666

24,144
147.547
12,857
8,768
274,520
17,100
7,815
331,939
990,121
73,537
205,1^8

1,602,994

673.983
284,895
563,575
l,433,3ti3
12,436,'29l

1,197,522
1,863,403
4,841,433
3,612,050
126,066

74.706
737,089
35,127
51,105
319.708
72.178
200,250
291,750
267,337
963,321
308,187

305,137
1

,7

-8,504

1,074,415
168,909

220,389
1,276,275
157,300
483,391
2,355,K01
616,376
10,"42,215
1,345,924
1,087,201
774, ISh
930,524
2,690,771
1,271,760
1,690,80.
459,728

..

->>

77,408
4,111
188,731
421.081
18.8 i7
10,619
229,705
25,f-9

7

78,619
170,524
110,666
1,515.454
313.035
261,300
52.917
244,139
739.103
....

.

47,7i)0
26«,35-2

1,7«.),856

511,929
2,637,965
26,75
113.^81

360,913
591,969
1,12''. 303

.....•••

2->,65o

323,540

2,294,04-i
8.83'5.3l4

^

3^,262
79.877

26-2,38&
1,448,2 14

2,837,512
138.676

Iji

6,74^
9S,a8L

775.873
237,20b
613,721

23,62»,760
40 J, 041
1,011,277

^

::":;:i«

544,701

676,729
441,675
1,869,122

•«

44,414

8;>-.',703

196,679
2,931,603
111,108
575, J67

.•.•••»

6,231

85,210

2,041,561
829,722
12^,063

717,-<i63

......•
.-•>.•*

H0.332

1,272,0!^:
17,20:1.17^'

3,471,05 -J
1,030,531
1,898,201

.

Oeereate.

Increase.

13.593,387
1.93^,296
2,064.406

.

West Shore. Memphis A Charleston.

did not include the operations of the

Cincinnati Washington

the

are

TO SEPTBUBBB 30

1886.

and record further improve1,97 7, -^35
ment tbe present year. Using the quarterly statement as Kan.CityClin.ASpi-ing- l,49J,49i".
187,806
Keokuk A Western
231,038
a basis we have made up the September figures of the Lake
Erie A Western
1,505,98<
Lehigh A Hudson
183,197
New York Central, and get an increase of $341,933, Little
Rock A Memphis.^
562,010
2,526,32i
after an increase of $620,830 the previous year, part of Long Island..... .......
727,042
Louisv. ETansv. A St.L.
which latter increase however was due to the fact that LoulsTille A NasliTlile. U,557,«69
LoulsT. New Alb.A Clue.
1. 658,959
the figures for 1885 with which comparison had been Louisv. N. 0. & Texas.
1,351,501
remarkably well in

1

9
.

Paclflc

Cape Fear A. Yad. Valley
Central of Iowa
Cliosapeake i Ohio
Chesapeake Ohio & W ..

9,020,595
15.963,301

46,602,852

year,

this

Following

year.

last

OBOSg BARNlSOa FBO« JA.SCABT

13,073,203

Total of all»wki.Sept..l>i87 1,181.900
B wks. Sept., l«N(i
»87.T0C
718.9-.0
1 wks. Sept., ISiii
Since Jan. 1, 1-87 8,5.=ifl,247
gbioe Jan. 1,1881^ 6,880,lrtii
Blnos Jan.l,188A 5.9«iJ,710

total

details.

BuffiUoN. Y.

Peoria—
• wks. Sept., 1887
• wks. 8epi.,188il

standing at $244,633,315

dollars,

OUwland—
B wks. Sept.,! R-17
• wk». 8-pt., 1886
iBae Jan. 1, 1h~7
BlnoeJan.l, l;i8«

Dlv.)

726,104

19.000
1.80O
117,385
98,504

68,39,^

(111.

8t.L.A.&T.H. m.l
"
branches

B.32.321

1,074,266

312.514
525,185

P. Marq...

Cent.

103,022

24.332
67,229
117.849
27B.553

1..335.610

51,928

132.201
325,500
1,433,979
4,790,412

1,859,488
2,695,964

829,166
503,783

J^H'.
(bus*.)

&

Flint

Orand Rap. A Ind.
111.

(6N».)

XLV. 1

[Vol.

26,503
......••

882,77-2

614,20)
18S,876
75,492
50.546
42,545
313.-!63

Haxioaa cm renoy.

......•

......k*

October

THE CHRONICLP.

16, 1887.J

Name of Koad.

* Ann

fhiir. Ciil.

A

Col.

S.103.083
1,191,877
5rt4,347

357.RS9
810,746
03,300
47,316

(Jrci'iiv. l>lv
C'nr. Dlv....

West. No.

W

WiiKh. O. A
Asliv. A Himr. Dlv
f 8l.L^A.AT.H.iiiiilii lluf

Do

do

(brthuclieii)

A

8t. I-. Ark.
et. LoiilH AS. Prauulsoo
Diiliith
St. I'lml
Man...
Bt. Paul Minn.
.filienandiKtli ViiUuy

A

Pacltio
Tol. A. A.
No. Mich...
Tol. A Ohio Outral
Tol. Peorln A Wentern,.
Valley of Ohio

A

H.lOO
17,839
201.675
117,469
507.080
954,754
87,783
611.580
115.142
38,43"
115,458
179,216
87,2^8
44,559
794,918
115.46>
424.253
172.338
82,874

546.176
1.190,602
3,391.344

LlTC-iS;)
5,608,187
648,473
4.006,666
871.801
751. U60

l,O8-2.80«

67t!.'!64

639,606
431,081
4,023,210
429,368
1,106,447

475,640
4,8lS',l'.i8

1,530.700

A

84,200
29,487
1,337.938

Wabaxh Wc^tiTn
WheellnK * Luke Erie..
8t. Vr.

126,080

6(i3.fi4.'.

Wlsconflln Central

Minn.

392,''66

4,;14H,0!)8

A

A

Texas

230,601
55,227
25,341

l,B<i7.e82

.'>44,833

4.980,607
533.331
3.968.229
256.343
.573,744

370,905
219,048

Wis...

fWisoouBluA Minn...

1»3..^67

130,374

A

between

friction

still

It

tunate.
66,502

touched the aensitivenosB of France, already
to

and equally prompt

to

possible. France, too,

An

ominous cloud hung

247,353

St. Louis.
4 Including Indianapolis
Miun.
Mot Includiug Chk'. Wis.

A

coast

of

make the necessary
make what amends

has been reasonable and
;

if

a littl*

is

not changed for the worse.

for

some days over the Medi-

soreness remains, the situation

terranean

has led to no aorions con-

it

Germany was prompt

investigations,

were

and Qmaanj.
'Vh%
was in every way unfor-

France

frontier

Happily, however,

excited.

sequences.

Total (111 roads).... 241,633,315 213,461,310 31,419,357
31,172,005
ttet Increase
-f

is

shooting affair on the

2,873,882
1,136,650
S39.006
414.S41

l,."H2,ill3

.

Texiw

Deereat*.

9

9

9

Blohmoiut A DanTllle...
Va. Ml.l. Dlv

Tnenate,

1886.

1887.

497

Morocco.

All

sorts of

conflicting

rumors were afloat. The Sultan of Morocco was said to
be dead, two lival elements had appeared, and civil war
was threatened. A warlike tribe was said to have crossed
into Morocco from Algeria, and France was charged with
aggressive designs on the territory of her African neighSpain took alarm, dreading the extension of French
bor.
influence westward in Africa, and sent ships to the
Morocco coast and Franco was reported to have a ship
We
held in readiness at Toulon for any needed action.
now know that the Sultan of Morocco is not dead
although his health is believed to be precarious. We
;

THi: TRIPLE

ALLIANCE AND THE PEACE
OF EUROPE.

between Italy on the one hand and Ger. know that the ships of several nations besides those of
France and Spain are assembled in the Mediterranean in
consummated marks an epoch in European politics. The the same neighborhood. We are assured, also, that Franoe
treaty, as we learn from Signer Crispi, has for its object has no ulterior end in view, and that her only object is to
the preservation of the peace and of the European equilib. maintain the equilibrium and to preserve the peace.
It is
rium.
Italy, we are further told, is left independence of not to be denied that trouble is apprehended in the event
action in the Mediterranean, and is peimittcd to count on of the Sultan's death, but there is good reason for believGerman and Austrian support should her interests conflict ing that the assembled ships of the different nations have
with those of France or Russia.
a peaceful meaning, and that the powers will not
The line, it will thus be seen, is drawn very sharp. It all6w Morocco to become a second Bulgaria. If war
is Russia and France on the one side and Germany, Auswere less expensive, and if its contingencies were

The

alliance

many and

Austria on the other which has been so lately

No

one can be surprised that less hazardous, it might be impossible to preserve the
It was rendered a neces- peace.
As it is, war is universally dreaded, in high places
sity by the understanding which is known to exist between as well as in low; and while vast armies are in constant
Russia and France. On the face of things, it might have training, and held ready for immediate action, none dares to
seemed more natural if the Latin nations, Italy, France strike.

tria

and

Italy

on the other.

Italy should court this alliance.

mutual protection or
In these circumstances it is impossible to under-estia larger shape and mate the alliance of such powers as Germany and Austriaassumed
even if the alliance had
central Europe
included the entire Mediterranean interests England, Hungary and Italy. Aggressive action
Turkey, Greece and Austria, as well as Italy, France and can come only from Russia or France. It is not without
But political combinations are not always made to reason that Signer Crispi says that " Italy, like the other
Spain.
correspond with geographical or racial lines and things "powers, has reason to fear an advance by Russia toward
being as they are, it is manifestly a wise arrangement that
Constantinople," and that she "cannot permit the Mediter-

and Spain had

allied themselves for

;

—

m

;

'•

Italy should identify her interests with those of Austria-

" ranean to become a Russian lake." Even if Russia should
Hungary and of Germany. It is all the more to be com- abandon her purpose of reaching ConsUntinople by way of
mended that it contemplates the preservation of peace, Europe, she has a virtually open road to the Bosphorus by
not the making of war.
way of Asia Minor. In view of this alliance, and in view

There can be no doubt that during the course of the
last twelve months Europe has often stood on the very
Terge of war. Balgaria has been a sort of storehouse of
combustible material, and it has seemed again and again
as

if

the match were about to be applied.

A little more

also of these openly expressed opinions, Russia will not,

may be

well assured, rashly push

southward either

we

by the

Such an alliance, so far
western or by the eastern route.
also have the support
would
at least as Russia is concerned,
difficult t»
extremely
it
is
Furthermore
of Great Britain.

on the foresee what course events may take in Northern Africa.
more indifference on the part of Italy's interests prompt an alliance with Spain having for
Germany, and Europe would have been in flames. On iU object the checking of the extension of the French
more than one occasion, also, the peace has been threat- power in that region. If Italy has the support of her
ened on the side of France. But happily for Europe and northern allies in the premises, France will hesitate before

daring on the part of Russia, a
part of Austria, a

for

little

less caution

littlo

men who have

Fr..nce herself, the

country held the reins of

latterly in

that

government have been men

of

taking any decided action, even if she contemplated it.
against th«
It is not a charge which can be brought

and under great pressure, and present French Government that it is rash and inconsiderate.
aometimes under not a littlo provocation, they have been
All things considered, therefore, unsatisfactory as is th«
restraint.
in
countrymen
hold
their
•trong enough to
present condition of Europe, there is new encouragement

wisdom and prudence

;

It cannot be said that any of the causes of irritation
The future of Bulgaria is
have yet ceased to operate.
Russia refuses to be satisBed unless
Still undecided.

the

throne

of

that

Kingdom

her own creatures; and

her

to

have

her

the

own way

is

filled

powers
in

the

with

refuse

matter.

to

ene of
allow

There

to

hope for continued peace.

WEEKLY RAILROAD EARNINGS.
earnFor the first week of October 51 roads have aggregate
last year.
ings this year 11 -21 per cent in excess of those for
Ten of the roads show a decrease.

.

......

!

THE CHRONICLE

498
1«(

week oj

1887.

October.

$

Inerease.

1886.

56,700
41.290

Canadian Pacillo
Chicago & Atlaiitic
Chicago <te East. Illinois.
Chicago & Ind. Coal
ChloaK" vfil- * St. Paul.

266,000
52,536

222,(100

Chic. & West Micliigan...
Cln. Ind. St. L. A Ohio ..
Cln. Rich. & Ft. Wayne.
Clii

Wash.

Col.

&Cin. Midland

6.529
181.000
20,676
15.376
4,446
17,994
49,352

APero Marquette..
Grand Rap. & Ind

& West
A Pembroke

51,25!)

65,717
3,705
44.032
77,323
345,020
48,890
29.921
83,000
67,515
20.382
11,358
31,443
98.238
330,828
106,557
11,805
16,557
41,938
23,270
91,760
130,626
11.411
22,444
137,719
14,145
43,808
11,953
9,215
5,913

Ind. Bloom.

..

Lake Erie <fe Western
Long Island

Louisville & Nashville
Louisville N. Alb. & Chic.

& Outou ..
Mexican Central
Milwaukee L. 8. & West..
Milwaukee & Northern
Marq. Hough

. .

N. Y. City & Northern
N. Y. Ontario & Western.
Norfolk & Western

Northern Pacitic
Ohio & MiseiBsippt
Ohio River
Peoria Deo. & EvansviUe.
Pittsburg & Western
Bt. L. Alt. A T. Hau. Bra.
Louis Ark. <& Texas...
Louis & San Pran

Tol.

Ann Arbor & No.Mich

&

Ohio Central
Wabash Western
Wheeling & Lake Erie
Toledo

14.08'2

8.97K

Flint

St.
Bt.

9.2.59

l.'>,793

22.621

6,91.6

...

Denver & Rio Grande. .
Det. L'^DHiiiff <V Northern.
Det. Matk & Marq
ETanBvllle & ludla'poUs.
Evausville & lerrcH

Kingston

3.600

32,031
13,117

51,472

<t Bait.

& Marietta

Cleveland

53,100

51.181

...

Wlsoonsm Central

the traffic statements has developed an inquiry for the different
main demand being for the heavy goods lines.
The Stock Exchange markets generally have displayed more
life, and there has been a recommencement of " bull" purstocks, the

$

Buffalo N. Y. A PliUa ...
Buffalo Rocli. & PlttaD..
Cairo i& Vincennes
California Southern

10,618
618,000
27,306
53,811

Deencue..

XLV.

[Vol.

2,676
8,539
44,0 1"
13.529
5,415
6,723

39,007
45,7^6
3.925
622,^14
30,455
57,100
8.4^4
46.463
5,182
7,242
162.291
22,645
8,570

which wiU probably become more pronounced if
little.
A great deal just now, from a speculative point of view, hinges upon the price of money and the
4,814 chances of its becoming dearer or weaker in the
early future.
3.249
3,289 The agricultural interest still remains a weak point in the situ
ation.
Importations have not been up to the average, nor
have home deliveries been large, but wheat has remained
713
very quiet and current prices are little, if at all, above the
'i',9d9
lowest quoted. The unfortunate position of the landed and
agricultural interests prevents them from assisting in the
trade revival, and to this circumstance is probably in some
measure due the slowness of its progress.
6,386
The money market has been distinctly strong throughout
the week. Apart from the uncertainty respecting tlie future
in America, there have been other influences weighing upon
"ibo the market. The demand for loans was straightened by th
Stock Exchange settlement, since the quarterly payments ha
to be arranged, while at the same time money was withdraw
"i'.ii's
from the market by the Indian Coimcil in preparation for the
dividends. In addition we have had the prospect of gold ship'12,756
]
ments hanging over us. It is not surprising, therefore, that
the market should have been firm. In tlie way of loans for a
"i',67"2
few days not much has been done under 4 per cent and 4)^
per cent has been no uncommon figure. Discounts also have
been close up to the Bank rate. Next week, wlien the dividends are distributed, the character of the market may bo
J
altered, but it remains to be seen to what extent they ha-v
chases,

money

522
5.1109

11784

18.709
6,806

4,ii85

361

13,692
43,068
45,412
72,103
3,162
39.i62
66,585
303,130
42,188

4,302
6,2H4
5,847

513
4,770
10,73?
41,890
6,702

J

30,1121

65,103
57,91M
12,806
12.473

'i7',897

27,56;

3,874
16,807

9.602
7,576

81,431
343,578
98,<a2
5,215
18,229
33,19S
18,697
41,556
117,137

7,945
6,590
8,740
4,573
50,204
13,489
3,790
3,756
6.919
2,993
13,457

7,6il

18,688
130,800
11.152
30.351
6,192
7,422
4,166

eases off a

1

been anticipated.
The Bank of England return shows that a better demand
has prevailed for loans, "other securities" having increased
395,551
Total (51 roads)...
36,057 £870,026 but some of this has clearly been transferred to
3,660,325 3,206,831
Net iDP.reane (11-21 p.ot.)
359,494
"other deposits," the gain under that head being £385, .546. RevThe final statement for the fourth week of September covers enue payments have taken £1,241,776 off the market. In the
74 roadB, and the increase is 13'83 per cent.
reserve a deficiency of £186,323 is shown, and the proportion
Chicago Wis. A Minn...
Minn. St. Croix & Wis..
Wisconsin & Minnesota.

5,761
1,793
1,747

;

iih week of September.

1887.

Prev'lyrep'ted (47 roads)
Burl. Ced. Rip. <fc Nor

4,456,373
88,352
38.851

*
Obicago

& West Mich
A Mack.

New

Orleans A N. E
Vicksburg A Meridian.
Vlcksburg Shrev. APae.
Oleveiaud Akrou A Col...
Cleveland A Marietta
East Tenn. Va. A Ga
Flint A Pere Marquette.
Florida R'way A NaT. Co.
Grand Trunk of Canada..
Houston A Texas Ci-ntral
Ind. Bloom. A Western.
Kansas City Fort 8. A G

Kansas City Spr. A Mem
Kansas C. Clin. A Spr

15,90:<

10.8!>7

83,969
36.287
21,769
13,435
17,433
14,194
8,809
122,495

5,096
21,814
13,079
3.900

Minn.
'St.

A

.

Norlhwestein.
L. Alt. A T.H. (M. L.)

Branches
Toledo Peoria

AW

Total (74 roads)
Net increase (13-82
*

8,862
28,823
47.424
32.977
64,0a9
69,853
27,030
22,827

A On.

Memphis A Charleston

Including Ind.

".

6,083,60-2

51,989
11,308

The

tor d«p08tt«

Sept.
'2,5'4'8

60,392
25,165
22,070

sua - 3!4«
s%» - SH-a
3«^
,3^3

la; 4

23 4
so' 4

39

36,557,
30,997,
17,8391

3
8 4

«;*
'

5,229
25,379

The

1,416
11,656
10,867
1.980

WS8J4

3M(»

I

66,966

with last year, particularly in the important item of
goods, though plenty of leeway still i emains to be made up.
The

last three years

<S4M
®4>4 4 ®4>4

@4M4Xa4>^

3X3M
2«

3><-SH

3«.3M

affect

e

,

1885.

25.iaS.0l»0^ 25,300.835'

4.869.190

3.269,3(12

5.714.882

23,108,141

2<.»97,031

12.762,605

12,336.5»:!

17,308.048

20,793,016

22,06-^.175

22.505,744

Eteserveof notes and ooin
?oln and bullion
aesenre to liabilities
Bank rate
Consols
Clearing-House return

11.87».53tt

U,81'2,88«

20.586.696

21,200.7t-l

12.457,593
21.908,453

The Bank

p. c.

4p.c.
101 9-18J.

JB

\

22.015,10)

43 76

1884.

1

i

\

,)ther secmritles

41 p.

an

c.

38«

26.279.460
5,913,465
23,(53,921
13,724,395
22,953,696
11,268.932
21,709,393

38 P.O.
2 p. c.

p.

2 P.O.
100

0. c.

10m

101)4
S7.8ll.000 128,762,01 i(j 103,038.000 130,400,000

rate of discount

chief Continental cities

and open market

now and

rates at the

for the previous three

weeks

have been as follows:
Sept. 30.

and towns, butapait

manufacturing districts there
is understood to be a sufficiency of orders to keep
hands fairly
well employed up to the close of the year, the final
(juarter
for the railway companies may be expected to be
more
remunerative than that just concluded. This improvement in

1886.

£
24,458.18J

other bills
c^blic deposits
Other deposits
liovernment securities

fntsrsst at

from the increased

traffic derived from this source the carriage
of general merchandise has been heavier. Doubtless
the
orders upon which manufacturers have been engaged for
tome
time are approaching completion and are beginning to

:

1887.

ezcladlDK 7-day and

autumn season this year may have stimulated

in the

® —4

4

iii-iii

2X-2J4

shows the position of the Bank of

folio-wing return

^IroQlation,

factorily

As

4

3M(ii>4

—'4

aix

IM
2«
2X

Gngland, the Bank rate of discount, the price of consols, &c.,

757
806,022
739,056

3«®4

3«a4

- 3?(a

Stock
At 7 to 14
Banks. Oall. Day:

Six
Afont)if

3«9 - 3Ka 3«*3X

®

!3

3?<'»

compared with

46,230

St. Louis.

the railway tafflc.

.

-

9,461
1,865

5,344,5161

of coal to the chief cities

a

3

Aug. SO

London, Saturday, October 1, 1887.
The past week has produced some favorable features. The
traffic statements of the loading railways compare more
satis-

movement

ma Tyvrte Four
Thru Four
Uonthi iiontha Honiht AfontJu Month.

"i',m

btf

DUc't B'ei.

.foint

595
7,781

tnlvren a<towM

rates.

Ziondoit

35,082
1,945
20,532
3,337

as follows:

Bank BilU.

6,540

58,=>81

money have been
Open mar)ut

[From our own correspondent.]

coolness of the

rates for

6,94(1

^oa^tarQgCxrnxmctctal guflXisTx glcwJB

the

to liabilities, which last week was 45-08 per cent, is now 43-7ft
per cent. The amount of the reserve is now £11,878,536, or
about £66,000 in excess of last year, while the stock of bullion,
which is £20,586 ,696, still shows a deficiency of £614,000.

470

20,969
387.319
79,682
58,296
64,401
39,983
6,110
7,446
17,167

p. 0.).

A

$

105,783
49,366
25,669
20,375
23,973
14,789
7,088
157,577
66.365
22,914
407,851
83,019
55,748
69,630
65,362
6.14ii

Deereast.

9
564,029

Keokuk A Western
Little Rock A Memphis..
Marquette Hough.

Increase.

3,944,333
99,660
38.381

Cincinnati Jack.

Wn. N. O. & Texas Pao...
Alabama Great 80

1886.

^arls

^^rankfort

-

Ban*

Ovtt.

Rats.

iirorkii

s

~w

a

2J«

3
3

2*t

Amsterdam

2H
3H

•m
HH
3M

liadrld

4

4

Flamburio:

it.

retersburg..

Topenliafzea

Sats.

Bank
Markt) Rau.
UiMn

J^rpt. H.

Open

Ban*

Dfarlfet

Hits.

Op0H
Market

~~3

'~S
3
3

2«

3
Hit

SH

sx

3J4
4

B

s

4
4
G

8

s

3

«

Sept. 18.

.Sept. 33.

Sank

3li

5

s

S
S
3

2X
254

s«

SH

4
4
5

4

3

2

3
3
3

2

2W
an

3«

4
4

5

5

3«

3

2)4
3)4

3M
3

'

g

,

OcrOBKB

15, 1887.

Messrs. Pixley

THE CHRONICLK.

]

& Abell write

as follows on the state of the

bullion market:
Mold. 'Tlicm linn been a fair d«niand for Rold In thn aptn market tur
alilimeiit to Now York. TliprB Imve licen no Inquiries for niiy otlinr
uimtti'r. Diirlne tlic wiektlioBiink biui received £24,000 ThoHrrlval»
jdtl.Md fri>in ('lilna. il.OOO from Sydney, £19,000 from WeHt
ar<>:
IikIIib; total. £.'iri.,'iOO.
Silver liiinlriied townrda

hnlliluvH.

the end of ln«t wo<>k, bnt. owlne to the
weaker rates were rewlvol from Iiidlrt. The mnrket i« lo d»y
£:<.'>,000 bus arrived from New York, and £3,000, In

4'lHd." About

coin, from l-t'nibjiy.
Me X ban dollars bave not

nomlni

been dealt

in since

we last wiote, and

are

1.

The quotations
GOLD.
Umdan StantarS.

for bullion are reported as follows

499

owing

to the luual compulsory realizationa by ne«dy grower*,
but it wan calculated that a reaction would not be long
delayed, and it is to be hoped that it baa now set it. Th«

position just now rather favora pricea. Imports
are not liberal, nor are Home deliverios large, and the market*
consequently are not over well supplied. This reluctance on
the part of holders in sending forward their grain ia taken to
indicate a belief in better prices at an early date.
statistical

Tlie following shows the import of cereal produce at
United Kingdom during the past four weeks of the
and other items, compared with laat year:

BILVBR.
an

Stpt.

.SitpC.

ss.

Sept. 89.

t.

i.

.s>pt.«a.

1<»R7.
t.

$.

Bar gold. tine..

Bu

.o«.

KOld. contaln'K
nllTOT.OI.

aOdWta.

77

»

77 10

•.

n

«

77 10

Span, doublooni.ot.
B Am.dnubtoons.os.

BarillTer

o«
Barillrer.oontalnIng 5 Rra. BOld.oi.
Oaka illvar
o>.
Mexloan dolB...oi.

reflect

30 the revenue disclosed a falling off of £873,447, but the
three months just expired exhibit an increase of £402,424, so
that not only has the loss been wiped out, but there is a balance of £28,977 to carry forward. Customs receipts continue
indeed to fall below last year's figures, but stamps, poet-office
and telegraphs all compare very favorably. The income tax
is also beginning to yield well, notwithstanding that it is now
less

by

£ than

Id. in the

last year.

all

We

the developments noticed be continued, the
Chancellor of the Exchequer will have a satisfactory Budget
to present to Parliament next year.
The following shows the increase or decrease in the revenue
receipts during the quarters ending midsummer and Michael"
n\afl, compared with the corresponding periods last year:
quarter,

and

1,042.919

l,ftH?.8i'."»

992,969

1,042,719

1H9.379
?0,391

130..178

14VT.M

81,J.'57

396,030

219564

Indian eora...
cionr

1,7:2.-.M>3

2.234,211

l.BOl.lOl

1.988,183
1,279.160

.owt.

1

1

864,09 J

1,463,686

96. 643

Supplies available for consumption (exclusive of stocks on

September

1):

1886.

IBF'S

4.760.6.'(2

1.340,209
3,240.074

6.748.743
8^4.018
- •3,381,089

1884.
6.617,938
1.279.180
4,308.832

8,350,935

9.986.930

12,205,930

1887.

Imports ot-wheat.owt. 4,676,660
1.463,'>86
(mports of flonr
4ale8 of borne-jrrown.. 3,916,142

Otal

9,956,788

1886-87.
week. 28s. 9d.
season. 298. Id.

Aver, price wheat
Aver, price wheat

•

1885-86. 1881-86.
30s. 9d. 308. 1 Oil.
3l8. lOd. 31s. 3d.

The following shows the quantities of wheat,
afloat to the United Kingdom:
1886.
TkU Keek. Liutteeek.

1883-84.
348. Od33b. 3d.

flour

and

maize
Vbeat

1.517.000
115.000
172,000

qrs.
Floor.eqaal to qrs.

Ualze

qrs.

1,565.000
166,000
263.000

1.646.000
201,000
313,000

1883.
1,205.000
119,000

232.000

Kncllab Flnmnelal markets— Per Cable.
The daily cloaiag quotations for securitiee, &c., at London
are reported by cable as follows for the week ending Ootober 14.

if

Midsummer.

— £iO«,000

Cngtomg
Excise

+15,000

Stamps

-f200,000

Uickatlmas.
+<rr—

-£97,0O0
185.000
+ 233,000
r

-15,000

Land tax
House duty

—15,000

-^^'f'??

Property and Income tax...
;
PoetofHce
Telegraph service
Interest on local loans
Interest on piu'cbase money of Suez Canal
shares Ac
Miscellaneous
Total

Wet result

Oat*
Peas
Beans

These

clear indications of a better condition of business, and
certainly have
so also is the gain in the excise receipts.
no cause to complain of the revenue receipts for the past

are

l.BOf.'Jfle

44 IS-IB
47 IV18

most conspicuous under those heads which should
any revival of trade. During the quarter ending June

being levied at a rate

e,''17,938

1.0H.43-.

MM

is

1«P4.

n.74<',743

1.114.12.^

Barley....

48H

AHA.

4.760,B-2

93i,n««

Wneat....

it 7-10

48

I

4. 5 7 c. 060

li.

UH

The revenue returns just published for the second quarter
of the financial year are much more encouraging than those
issued three montlis ago. In the interim the rate of expansion has been considerably more rapid than was expected, and
from an examination of the various items it will be seen that
the gain

tli*

i

:

—90,000

+90,000
+25,000
—139,799

—19,663

+ 94,950

—£373,417

+£102,424

for half-year

£28,977

The floating of new securities is not just now meeting with
any great success. The promoters of new enterprises are as
eager as ever for public support, but the prospects of an undertaking must be very good indeed if it is to be well received at
a time of monetary uncertainty such as the present. Anything possessing a speculative bias, such as a mine, requires a
good deal of financing, and that can only be done when money
For the moment, therefore, many
is plentiful and cheap.
schemes are held in abeyance; but it is understood that there
is a fair list ready to be brought forward on the first favorable opportunity.
capital creations for the week have been
LOCAL.
Liverpool Mort<fage Insurance Co. (Limited), capital, £1,000,£400,000
000 in £l0Bh»res. First iKSUe, iSO.OOO shares
C. Townseml H M)k & Co Limited, (ihc Snortiand I'aper and
present
Capita), £100,000, in £10 shares
Gas WorKs
80,000
Isfue, 8,0C0 shares
SO.OOO
5 per cent deljentures
Do.
do.
COLONIAL.
BorouKh of Redfcrn, New South Wales, 4 per cent debiUtures.
£5O,C0O
Minimum, 91 percent
:

;

)

Console for money
Consols for account
Kr'oh rentes (In Paris)
O. 8.4i«sof 1891.
a.e. 48 of 1907...
Canadian Pacific.

143s
1023,

lOiSs
fi 82-2-.21S

lll>4

128
53 ^a

Chic. Mil. & at. Paul....
Erie, common stock...

77 »s
291a

122
67
Pennsylvania
Philadelphia & Reading 31

Illinois

Central

New York Central.

Thun.

6«H
Si's
108^4

31

llOJg

lYi.

44>*
1027i,
102>it

8f85

iim

66 'a

110%

Wed.

Tuet.

44i«
443e
449ig
1023ig 10i3,g 1023 g
102 >« 102% 10238
82-27ia82-2^>s 8-!-20
IIII4
IIIJ4
12314
128
128
53 >s
5278
63
7H\
76»8
76»4
2H3g
27 "4
27>a
120>9
121>s no's

111
188>a

53
73<^
llSi*
56>a
31>4

66 >s
31^8
10938

107\

and WisczUxneouB Hews
—73S ©omtttjeKjctal

-I-

The

Jfon.

Sat.

d

per 01

r25.0

—-t-40,000
302,784

-)-30,0<

London.
Silver,

National Banks. —The folio wing banks have recently been
organized

:

Bank of Sanford. Florida. Capital, $50,000.
Frederic H. Rtna, President F. P. Fiir«ter. Cashier.
3,799— The National Bunk of Dayton. Washington Territory. Capital,
$i0.000. J. W. Jessee, Cashier.
3,800— The Bronson National Bank of Painted Po.it, N. Y. Opltal,
Frank E. Bronson,
W. C. Bronson. President
$50,000.
3,798-The

First National

:

;

City. Nebraska.
Wlllla:n M. Banting, President ; M. Gould,

3,801—The Central Nebraska National Bank of David
Capital, $30,000.
Cashier.

Imposts and Exports fob thb Week.—The imports of last
week, compared with those of the preceding week, show a
decrease in dry goods and an increase in general merchandise.
The total imports were |8,905,539, against $9,009,830 the preceding week and $9,768,240 two weeks previous. The export*
for the week ended Oct. 11 amounted to $6,286,023, a«^nst
$6,411,471 last

week and

$6,397,163

two weeks previous.

The

following are the imports at New York for the week ending
for dry goods) Ojt. 6 and for the week ending (for general merchandise) Oct. 7 ; also, totals since the beginaiui^ of
the

first

week

in

January

:

VOBBIOR IMTOBia AT
For Week.

1884.

1886

HBW TOBX.
1886.

1887.

have entered ujxin a rather
f;,284.I30
$2,174,631
t2,118.384
$1,427,112
better i)hase. There cannot be said to have lieen any increase Dry Ooods
6,621.109
4,911.603
7,033.362
4,897,933
asn'lmer'dlae..
in business, but a stop hsis been placed upon forced sales, and
$8,006,539
19.461,'. 36
t7.0S9.234
Total
f6.32S.015
in the transactions completed the advantage has rested rather
Since Jan. I
99:7,444,369 *-:9.=5-,312 t91.212.4<3 •98.S04.388
with the seller. Prices still remain very low. The average Dry Goods
Oenlmer'dUie.. 239,433,037 21.\8ai,067 241,890.090 2Gl.tfi9.068
for the season so far for home-grown produce is only 293. Id.
$832,8^.386 $295,788,409 i 335,103.553 »3b3.133,45C
per qr., and at that price some 372,000 qrs. have changed total 40 weeks.
liands.
It was anticipated tliat the first two or three weeks
In our report of the dry goods trade will be found tbe ur.
of tlio season would witness some unsettlement of values, ports of dry goods for one week later.

The wheat trade appears

to

.

..

:

1

:

THE CHRONICLE.

500

[Vol.

XLV.

The following is a statement of the exports (exclusive of into control of the Road. It alleges that in December, 1882,
from the port of New York -to foreign ports for the the road executed a mortgage to the c )mplainant to secure
the principal of 700 bonds of $1,000 each. One condition of
week ending October 11, 1887, and from January 1 to date
the mortgage was that a default in a half-yearly instalment
BXPUBTS PBOM RBW TOBK FOB TUB W iSBK.
for six months made the principal due.
The bill alleges
1887.
1886.
1885.
1884.
default in several particulars, and asks the court to foreclose
$6,286,022 the mortgage and investigate the afifairs of the road.
$5,989,807
$6,475,079
Fertile week...

specie)

236,661,297

246,637,503

frev. reported..

231,633,709

Total 40 weekB. «257,088.089 $253,112,582 $242,651,104 $237.919,731

The following table shows the exports and imports of spe.-ie
•t the port of New York for the week ending Oct. 8, and
aince January 1, 1887, and for the corresponding periods io
1886 and 1885:
BXPOBTR AND IMPOBTB OF 8PB0IB AT NBW TOBK,
Imports.

Hxportt.
Oold.

areat Britain

We«t Indies

9,6o6

America

AIlotberooantrleR...

i'.ooo

I«tal 1887
Total 1886
Total iSib

Since Jan,l.

$4,432916

$221,950
342,251

$128,203
27,427
968,101

9
4,470

flontb

Week.

Since Jan.l.

Week.

2,418,88j

1,395,601
125,724

2,336'i32

"5,«15

524,114

1,600

6,573,894
12,003,036
3,88n,083
12.844
229,148
528,523

$6,402,865 $2,092,747 $27,666,091
314,559 13,198,729
37,246,471
54,214
8,605,587
6,493,320

$14,470
25,747
69,440

Silver.

SreatBrltaln
Vranoe. .......
Germany.-..

West IndJea

2,596

2.216
182,425
403,028
72,900
214,484
458,616

33,625

29. 420

..........

'"367

21,358
56,479
40,967

$263,904
113,995
159,176

$8,837,516
7,990,913
13.027,699

Mexico..

America
Another ooontrleB

$211,680

*

$7,510,183
826,873
172,236

$245,741
12,200

.......

Bontli

. .

Total 1887
Total 1886.......
Total 1885

4,i)ii

$57,066 $1,545,349
27,297
1,427,468
27,065
1,538,736

m

Lehigh Valley— Pennsylvania.— It was reported this week
that by a settlement or negotiation between these companies
the Lehigh Valley secures a terminus at tidewater in Jersey
City, and the Pennsylvania secures all the land under water
lying between the southerly end of the Central Railroad Company's property and "Black Tom "Island. By the terms of
this compromise the report is that the Lebigh gets an outlet
to tidewater through the property of the Morris Canal Company, with the understanding th it the canal is to be cut off at
Mill Creek, and the creek to ba turned into a ship canal and have
its outlet at Ciimmunipaw.
The tract of laud secured by the
Pennsylvania Riilroad Company embraces 850 acres, and it is
said that the company intends to establish a freight terminus
there.
It will take nearly five years to put the property in
condition.

New York Susquehanna & Western.— In a test case tried
before Judge Ingraham in the Supreme Court, judgmsnt was
obtained against the New York Susquehanna
Western
Railroad Company for the amount of interest in default on
the company's debenture bonds.

&

—Mr. E

H. Walker, for

New

many years statistician

of the
elitorial staff of
BradstreeVs. the well-known commercial and financial newspaper published in
York, to which he will give his
exclusive services. Mr. Walker is one of the bsst-inforraad
men in the country on the statistics of grain, flour, provisions,
live stock and kindred lines, and in his new position will find
ample scope for the exercise of his abilities,

York Produce Exchange, has joined the

New

—

The Dead wood-Terra Mining Co. announces its 30th divi1887 $5,300 were
Of the above imports for the week
Of the dend of $30,000, payable by Messrs, Lounsbery & Co.
American gold coin and |3,624 American silver coin.
exports during the same time $10,000 were American gold
The Philadelphia Company (natural gas) of Pittsburg has
coin and $367 were American silver coin.
declared its 21th monthly dividend of 1 pjr cent.
FoEKiaN Trade of New York—Monthly Statement.— In
Auction Sales. The following were sold this week at
addition to the foregoing tables, made up from weekly returns,
we give the following figures for the full months, also issued auction by Messrs. Adrian H. Muller & Son
Shares.
Shares.
by our New York Custom House, The first statement covers
8OI4
ION. Y. Fire las. Co
12 C<int.N.J. LkQdInip. Co. 12 >«
the total imports of merchandise.
30 Howard Fire Ins. Co ... 04 ij
20 Kanawlia & Otiio KR. 2d
IMPORTS INTO WEW TOBK.
1 Memo. Mercan. Library
protrred
S's
Ass'n, Broolrlyn
115
$ '59
10 Amer. Loan A Tr. Co
li«
lie
Pennsylvania
Coal
)...
26
167
C
140 Standard Oil Trmt
1887.
1886.
17 Leather Miin'fs. Nat. Bit. 195'a
10 Amer. Loan & Trust Co 120
20 Dry Dock E. BrMway &
Btii't.
Month.
General
General
Biittery RR. Co
$200
Kanawha & Cilo RR.
Dry
Dm
149>s
lotaL

—

—

:

.

Merchan-

Goods.

Merchan-

Goods.

dise.

Janaary....

•ebruary

.

Total.

83,748,188
23,022,778

84,907,892

(
9,410,184

23,389,733

39,822,442

12,070,425

26,621,316

32,790,899
38,691,741

Marcli
April

31,391,648
32,856,800

41,023,530

12,816,725

28,364,461

39,181,188

41,144,894

37,179,719

30,013,836

37,620,499

8,586,330
7,889,337

28,613,889

Kar

24.775,653

32,464,990

Jane.
July

31,355,197
2B,118,608

41,014,892
38,717,888

6,881,571

29,228,619

36,110,190

9,330.758

27.80«,788

Angrast

29,372,H93

24,227,584

37,109,524
S?,475,B8S

September.

44,285,729
35,977,847

11,248,301

a5,445,i!87

10,024,223

26,273,593

38,297.818

96.220,258 256,825,138(352,845.393

Total....

BXPOET8 FEOM

91,037,832 237,383,118 328,400,950

NEW TOBK.

CUSTOMS EE0EIPT8.
At !few

Total Merchandise.

York.

1887.

24,476,387

Vabmary....

Harch

22,294,833
88,385,160

April

23,207,963

Hay

23,776,711

Jan*
July
Aogast
September
Total

23,723,616
22,314,321

January

23,204,084

March

24,596,455'

April

28,268,431

May

25,621,036

29,396,320j

June

11,818.238

11,879,019

27891,591

29,734,94l'

July

12,814,847

12,605,423

28,374,721

25,857,30 ij

15,602,350

25.338,876

29,517.577:

August
September

14,826,578
1 2.936.56 »

329.319.280 8.34,842,048

February.

|

11,792,309

10,925,448

. ..

13,096,217

ll,799,7Si

14,200,782

12,500,233

..

11,420,147

10,434,186

10,947,889

9,021.800

,

13,825.754

.

Total

115,518.281 108.9aS.9S5

United States Sub-Treasury. —The following table shows

he receipts and payments at the Sub-Treasury in

this city, ss

well as the balances in the same, for each day of the past weeh
Balancef.
Jtate.

Oct

Seceipti.

Paymentt.

S

$

1,193,890
1.538,258
1,080,785
1,237,297
1,229,272

Total.

7,392,005

Coin.

$

1.710,824 132.318,409
2,222,885 132 387,877
1,826,748 132,356,187
2,450,1 15ll32,37S;422
1,994,325 132,338,616
1,506,591 132,144,811

1,612, .503

Odn

l3t m)rt.

United States Government and

bojdsorip.

..

40

POE

INVESTORS.
AU atooks and bonds listed on the New York Stook Erohange boogbt
and sold on oomrais.sion for cash.
Deposit aoooiints reoelved and Interest allowed on month'y balaaoet
•uttjeot to draft at sight.

28

Nassau Street,

12.831.040
12.781,733

11^,340,876

12,r>30.287

15.061,860
14,400,489
11,381,361

12,418,689
12,361,836
12,297,451

11,711.488

&

SONS,
York.

SPRIIVaS RAILWAY CO.'S
FIRST inORTGlOK 6 PER CENT
50-YEAR GOI.D BONDS.
INTEREST PAlf.\Bl.B FEBRIIARV AND AUGUST
AT niEBCANTIIiE TRUST CO., TRUSTEE, N. Y.
This load is run in connection with the 8c. Louis & San Franolsoo
RiUlway Co., with which it has a valuable tratfic contract during the
lite of the bond. The road has been in operation flvc years, is doing a
splendid business, paying the interest on its First Mortgage Bonds and
4 1-2 per cent on its Second Mortgage Bonds.
A limited amount of the First Mortgage Bonds for sale by

ORISWOED
WALL

ST.,

A.

GIL.L,ETT,

NEW YORK.

Ourreney.

16,976,773
16,346,230

&

&
New

THE EUREKA

$

&

otlier desirable

SECURITIES

3
Oerl's.]

Forest Park & Central.— At St. Louis, Oct. 13, the FarmLoan
Trust Company of New York filed a bill in
equity to foreclose the mortgage on the Forest Park & Central
Railway. The bill of complaint recites that in 1884 the St.
Louis Kansas City
Colorado became owner of the road, and
that three years later the Atchison Topeka
Santa Fe came

ers'

250

HARVEY FISK

Month.

Month.

Janaarr

43 Eagle Fire Co

dise.

KANSAS STATE,

TOWN OF SAI.INA,

4s.

N. Y., 4«,

CRAWFORDSVILI/E, IND., TTATER WORKS CO., 0«,
CITY OF BINGBAMPTON, N. Y., 3 l-2s,
SARATOGA, N. Y., GAS AND ELECTRIC LIGHT CO., 6*,
CITY OF CINCINNATI 7», 7 3-10»,
TOB BALK BT

COFFIN & STANTON, Bankers,
10, 11, 13 aad

13 Martlmer Balldinv, Wall

Street, M. Y.

;

.

October

THE CHRONICLE.

15, 1887.]

^hc

(^nMic.

gaviTicts'
DI

VIDBN DSi

The foUowlni; dlvldemla U»ve

reoentljr

been annoimoed

:

601

To-day the rate* on actual buiin««M wore an follows, ri*. :
Bankers' 60 dayslsterling, 4 8404 BU; demand, 4 H',|a4 86.
Cables, 4 86JM4 8(JJ.
Commorciul bills wore 4 80^4 80^
Continental bills were: Francs, 5 3ei®5 87^ and 5
24|(ij
5 25 ; reichmarks, 94} and 94t guilders, 80(080} and 39{O40.
The following were the rates of domeiitic exchange on New
York at the under-mentioned cities to-<lay: Savannah, buying
J discount; selling } di8c'ountOpar;Chark-ston buying S-IB^J
discount; selling par; New Orleans, commercial, $1 299
$1 50 discount bank, par
St. Louis, 25c. discount ; Chicago^
;

Per
When
0ml. Payable.

ITame of Company.

Books Olottd,
{Dane inclutixe.)

Hallroads.
Conconl
Fllolibur«.
EkRboiirrt

..,.,,.,,

pnf

.1-

S
2

Nov.
Not.
Nor.

Koiiiiotro.com...

1

IB
1 Oct.

;

21 to

Phllii(l*liili1:»

PuUmau

(

oiiiiiiuiy (lu(inthly)

8 i'uluco

Car

(quar.)

1

Oct

a

Nov.

2S Oct.
16

The

latter

b« made on " private terms."
In the face of these transactions, which are certainly calculated to have an immediate, as well as a permanent, influence on
the stock market, prices have sagged off, and under active
pressure from the bears the lowest prices of the year on many
stocks have been reached. With each additional decline there
is necessarily more stock thrown overboard by weak holders, as

and

patience become exhausted, and the market
down to a lower basis of values,
without any panic or any extraordinary excitement. This
method is certainly healthy so far as the general
condition of financial affairs is concerned, and if it must needs
be that the long stagnation at the Stock Exchange should be
followed by a lower basis of quotations, it is far better that
this should come about gradually, step by step, than that the
market should have a violent slump, such as it has often experienced in times past.
The money question has scarcely been mentioned this time
afl a cause for the weakness in stocks, and under the Treasury
policy and the large imports of gold the fear of stringent
money has apparently lost much of its force.
The general condition of business and the railroad earnings
on most of the railroads continue good, but in the Northwest
the cutting of rates and the slow movement of wheat cause a
less satisfactory exhibit to be made by some of the prominent

gradually

is

settling

roads.

Tht open market rates for call loans during the week on
stock and bond collaterals have ranged from 3 to 5 per cent,
the usual rates to stockbrokers being 4(a5 per cent. " To-day
the rates were 4@5 per cent.
Prime commercial paper is
quoted at 6@7 percent.
The Bank of England weekly statement on Thursday showed
loss in specie of £115,000, and the percentage of reserve to
liabilities was 41-59, against 38-64 last week; the discount
rate remains unchanged at 4 per cent.
The Bank of France
lost 14,625,000 francs in gold and 2,650,000 francs in silver.
The New York Clearing House banks in their statement of
Oct. 8
showed a decrease in surplus reserve of $904,350,
the total surijlus being $8,112,750, against $9,017,100 the preTious week.
The following table sho-ws the changes from the previous
week and a comparison with the two preceding years in the
•Terages of the New York Clearing House banks:
1887.
Ocl.S.

Diffr'ne'e

ft

Loam and dlso'ts.
Bpecle
Circulation

Net

1886.

188S.

Oel. 9.

Oot. 10.

$

348,188 ,700 Inc. 3,393 300 343.75G.900 331.900.300
-4,074 ,500 Deo.
s.isy, 400 Dec.

170, ,300

8,112,750 Deo.

904,350,

75,G;)(!,S00 108.47::

900

15 700
8,113.300
9.9-.J:i,800
350.374 ,-,200 lac. 4,514. 200 349,921.800 387.'298.30O
,20,731 ,800 (no. 403, 000 16,843.200 28,505.100
87,503 ,550 (no. 1,137, 050 87,481.200 96,821.575
95,706, 30O lac. 232, 700 92,540,000 136,978,000

dcpot^Its

Le^al teuders
Legal reserve
Beierve held

arplus

Exchange.

ffm

Prev. Week.

—

5,058.800

40,153,425

The demand for sterling exchange has been
during the past week than for some time previous, the
•ales of stocks here for foreign account and the increased
demand from remitters having contributed to augment the
business.
Commercial bills have been in smaller supply and the
pressure from this source has been wanting; as a consequcuciof these influences rates have been very strong and advancing,
and are up considerably from last week's figures. Posted rate.-*
have been advanced three times, one-half cent each time, and
are now 4 82 and 4 86^, and actual i-ates have ruled proportionately strong.
The influx of gold continues and $3,300,000
have arrived since our last report; the hardening of rates, how
ever, is likely to check the gold movement for a time, though
'
oonsiderable more is reported to be afloat.
tCreatcr

Asfy Dayi.

M.

has not been officially announced, and was denied by the Philadelphia Led^jer this
morning, but it is believed that a settlement lias been or wil'

margins

rates of leading bankers are aa followa:
Oetober 14.

V.

events
of miidi importance have characterized the week-the Baltimore
& Ohio Telegraph sale to Western', Union has been formally
•pproTcd, and the owners of Reading 1st consol fives holding
out against the reorganization were reported to have come to

terms and settled.

The

16 to Oct. 25

WALIi STREET, FRIDAY, Oct. 14, 1887-5
The Money Market and Financial Situation.— Two

;

par.

iniMrcllMiieouii,

Prime bankem' xterllng blUs on London.
4 32
Prloe coiinucrclitl
4 80 «4 R0>«
Documentary comraenial
4 79\>*4 •)(!
I'artH (rruncn)

5 ifi'fli

Aiustinlani (KUlldcre)
Kraukfort or Iln-men (reichmarks)

39>Sis'«3BT(

'/S

Demand.

4 80%

B23%»B88%
40 »40l,a
94T9»9S

United States Bonds.— Government bonds have been somewhat more active, now that the Treasury purchase* hare
ceased, and the 48 have been quite strong, selling at one time
at 1254, against 124} last Friday.
The other classes are unchanged. The total purchases by the Treasury Department
under the circular of- September 22 amounted to nearly $18,500,000, being a trifle below the proposed limit of $14,000,000.
The closing prices at the N. Y. Board have Ifcen as follow!:
InUre*l\ Oel.
Pertodei
8.

mg

4>a«, 1891
coup.
4>s«. 1891
reg.
48, 1907
coup.
4«, 1907
6s, car'C}-,'95
reg.
6», cur'cy , 'd^i
retc
68, cur'cy, '97....reg.
Tog.
6s, our'or,'98
reg. J.
68, our'cy. '99
*

Oet.

Ooi.

OeL

10.

11.

12.

13.

14.

10?
108

108
108

IO8I4 108
'108 -lOS
lOSi* '108
MOS 'lOS
•1241^*12114' l24-'8'121-'«
•I2II9 l-24V*12li«; 1255^
•121

•123
•125
•127
•129

OtL

Oet.

125

•125%

125

*139>a

121

121
123

1-23

•125

127

12d

(•129

Thla la tbe prtce bid at the morning boaid ; no eale

was

12s

127

139

miide.

State and Railroad Bonds.— State bonds have had as
active but well-distributed business during the past week, and
no special class has been conspicuous for activity. Louisiana
consolidated 4s continue strong and close at 90, against 87^
last Friday.

Railroad bonds have been only moderatelyacti ve,and, while
they have followed the course of stocks to a {jreatcr or lew
extent, have been relatively less active than the latter.
few
of the more speculative classes have been a little more active than
the rest of the list.
The tone of the market has been unsettled and the weakness of stocks has been communicated to
bonds. The most conspicuous for weakness have been Erie
2ds, Atlantic & Pacific incomes. Green Bay & Winona incomes,
Texas & Pacific Rios and incomes. Northern Pacific 2ds, and a
few others. Others, especially the higher- priced bonds, have
been firmly held.

A

Railroad and Miscellaneoas Stocks.— The market has bad
another sharp decline during the past week, and at time* the
selling has been very active and extensive, carrying many of
the leading stocks down to the lowest point of the year. The
week started with a very unsettled tone on bear pressure and
various unsettling rumors; and, with only partial recoveries,
the weakness continued for several days.
The most pronounced decline, however, occurred on Wednesday and in the
early dealings of Thursday, a sharp selling movement in Union
Pacific starting the downward course, which was further
accelerated by the passing of Baltimore & Ohio's regular semiannual dividend.
This report, which had been predicted by
many, was the signal for a sharp raid on the market, and tb«
whole list was forced rapidly down. Even Reading, which
had previously shown considerable strength, and which subsequently recovered somewhat, on the report of an amicable settlement with the holders of the 1st series 5s, declined in sympathy with the rest of the market, it being rumored at th*
time that the negotiations for that settlement had fallen
through. Reading, however, and Jersey Central in sympathy,
have shown more strength than the balance of the list.
After the sharp decline of Wednesday and Thursday morning
there was a recovery in prices, the advance being helped
materially through large purchases by the shorts, but to-day the
free selling was renewed, and in the last hour of business price*
were near the lowest, and Western Union touched 73|. N. Y.
Central 101}, Erie 24J, Lake Shore 89, Union Pacific 44f,
Northwest 106, St. Paul 70i, Lackawanna 123i, Missouri Pacific 89i, New England 351, Reading 60i, O. T. 17, Richmond

& W.

P. 21f.
the other unsettling rumors and reports have been bear
news from Chicago of rate troubles among the Northwestern
roads.
The leading granger stocks have been affected by thit,
especially St. Paul, which has been one of the weakest spots of
the market. Western Union has been prominent, and was pretty
firm until Wednesday, when it declined in sympathy with th«
rest, although the wile of the B.
O. Telegraph has beea

Among

&

ratified

by

fa<>th

companies.

.
.
..
..
.

THE CHRONICLK

502
STOCKS-PKICES AT
STOCKS.

Oct.

Active
Atlantic

RR.

STOCK EXCHANGE FOR WEEK ENDING OCT.
HIGHEST AND LOWEST PRICES.

N. Y.

*10l3

& Paclllo

51

Canadian Pacltlc
Canada Southern

5319
7138
*32ia

Central of New Jersey
Central Pacific

516
91s
*6

Chesapeake &OI1I0

Tuesday,

Monday,

Saturday,

Stocks.

Oc

8.

11
5138
.')3%

7214
331a
518
91a

Oct

10.

iBt pref
2d ^ret

Illinois

,

117

Central

& West., ass. pd..

Ind. Bloom.

Kingston

I413
*30i8

« Pembroke

& Western
pref.
Do
do
Lake Shore & Mich. Southern.

45

92% 93%

Long Island
lioulivllle

Lonls.

Nashville....
Alb. A. Chicago. .
Glnvaled, consol..

cfe

N»w

Uanhattan
Memphis & Charleston

Do
Do

&

St.

IOI4

978 10%
51% 51%
51% 53%
71% 74 14

51
51%
51% 5278
71% 73%

51% 51%
51% 52%

1,125
3,230
21,570

71 7g

23,3.i5

31

30

30

29

30

5I2
•914
»0

51a

5

5

5

5

5

5

9%

9%

10

10

'9

52%
71% 73%

72
31

31
•9
514

38I3

97

97

43 14

44%

90ifl

93

90

90

III4

lOia

10%

25

2514

23 14

27
23 14

9258

9316

12

12

.

*2158

Northern Pacific

16

16

28%
27%

38%
912

15'8
914

15'8
914

64

28 14

pref.

46%
24 18

2178
471a
2413

I9I4

I912

21% 21%
60

14

I314

60=8

13% 13% 13
38%
38%

37% 39%

'103

49

21%
12378
21=8

53%

9%

55

56

56
20
19% 19
80 86
88
48% 47% 48
•8% 10
10
14 25
25
116% 116 116

29%

147e

15%

14=8

89

40

9%

10
55

85
47

55

8%

14

8%

8%
115

14%

41% 42%

90
87

92
87

90

55

58%

91=6

83% 88%
54% 56%

40
96% 97

98%

9

27% 27%

9
27

I314

14% 14%
37% 38=8

13I4

37 14 38 14
21=8
4575

21%
18%
19%
59%

21''i8

46I4

20

9

9

9

27

26
14

27
14

19

20

20

62%
23%

59% 62

22%

20
43
20

20

59%
21%

9%

49%
49

5%

Highest.

Oct. 14
Sept. 20
July 30
Jan. 3

55%
28% Oct
5
9

1887.

since Jan. 1, 1887.

Lowest.

14

Sept 29
Sept. 16
Oct. 11

15% June 13
68% Jan. 13
64=8 May 19
86% Apr 13
43% Apr 12

9% Jan.

17

11%

14
41
89

14%

2,612
41=8
4,742
91% 128,620

90

90

96
47
83
80
103

9%
20

21%
91%

8
Jan. 13
Jan. 20

2078

43%
21%
10%
19%

18
20
62

60

222

17

80

21%

4
734 Sept. 21

13

40
39
85

Feb.

3(r
17

500

64,015

659
754

9

62% May

7

1,408
884
11,136
21% 6,515
447e 27,028
22
2,900
18
47,050
20
2,016
61% 723,290
22% 78,095
60
1.991
83
135
33% 1,310
68% 6,388

37

Oct
Sept

Oct
Sept
Sept

Oct
Sept

13
2(.

70% Apr.
67% June

Aug.
Jan.

20

Oi't.

1

6

8% Oct
18% Oct

887a

Oct.

1

66

Mar.

Oct 13 20% Jan.
7% Sept 20 14 Feb.
24% Sept 21 38% Feb.
13% Oct 10 23% Jan.
35 Oct.
557e May
34=8 July

Oct.
Oof.

21% Oct

63% May
32% Apr.

16

35'Se

Oct.

17% Sept

21

Feb.
1
Sept. 21

Apr.

39% May
65
53

Sept

22 14
2278
23% 23 '8
21=8 23 7e
21%
20%
Jan.
48I4 49
*52
53
5078
50% 52
47
49
43 Sept 20 87% Jan.
80
•80
EomeWatertownA Ogdeusb'g 811a 811a 81
81
84
84
81
81
78% Sept 20 95 Jan.
"33"
*35
Bt. Louis & San Francisco
3414
36% 34% 31% 34
34
35
35% 33
30 Jan. 27 44%Mav
73I3 74
7OI4 73
Do
pref
71=8 7214
71
68
70% 72% 68
61% Fob. 2 84% May
Do
Ist prel >110
114
110 114
'108
111
111
111
ill
107 112
111
520 107 Oct
120 June
BtPaul ADuluth
60
63
60
61
61
56
58
55
57
61% 59% 60
4,237 55 Oct
95 Juno
Do
pref
lOlifl 10114 100=8 100=8 *100% 102
101 101% 101% 101% 100 100
778 99 Aug.
114% May
Bt. Paul Mlnneap. & Manitoba 100
9978 100% 99% 100%
lOlifl
98 100%
96
98
97% 99% 6.907 96 Oct
12078 May
Texas & Pacltlc, ass. paid
22% 23^8 22% 2;i=8 21=8 23% 21% 23% 22% ^3% 16,010 20 Feb.
231a 24
35% May
Union Pacific
50ia 51%
50% 5076 48J4 50% 44% 49 14 44% 46 14 44% 45% 118.575 44 14 Oct.
6334 Mav
Wab. St. L. & P.,P. Com. repts. *16ia I7ia 16% 16% 1578 16% 16
I6I4
16
15
15% 16
3,270 13% Feb.
22% May
3ll8
Do
31
pref.
29
30
29
29
29
28
28=8 30%
28
29% 5,910 23% Feb.
38% May
Wheeling & Lake Erie
40% 40% *39% 40
39% 39% 38
40
39%
700 35 Sept
37
63% Apr.
jnisceHaiieouii !*tockB.
34I4 34I2
Colora<lo Coal & Iron
31% 34I4 31% 33
33% 31% 33% 7,930i 30 Sept
53% May
31% 3414 32
Consolidated Gas Co
7II2 7;
71
71% 72
72
70
72
72
70
71%; 70
Sept
89 May
2,519i 67
98I4 98%
Delaware & Hudson Canal.
97% 98% 97% 98
97=8 98%
105% Apr.
96% 98% 98% 98% 5,6031 96% Sept
Oregon Improvement Co
38
38
37
38
54% May
38% 38% 36% 37% 35% 37% 1 845 34 Aug.
Oregon Railway & Nav. Co...
85% 87
85% 86
8514 8514
82
84
105% May
81
87
8.376 79% Oct
79% 82
Pacfflo Mail
36I4
3712
3514 36%
36
35
3514 36%
35% 34% 35
8,433' 32% Sept.
35
58% Apr.
Philadelphia Co., Nat. Gas
•97
98
96% 96% 95% 96
•95% 97
95% 97
97
6301 89% Sept
115 Feb.
95
Pullman Palace Car Co
149% 150
148% 148% 149 14 I4914 148% 149% 147% 148
146% 147% 1.910; 139% Jan.
159% May
Western Union Telegraph
7714 77%
76=8 78I4
7979 Sept.
76% 7734 75% 77=8 74% 76% 73=8 76 182,527; 67% June

Do

prei

.

Express Stocks.
Adams

145

American
United States
WeUs, Fargn&Co
Inactive Stocks.
Atchison Tupeka & Santa Fe.
Buflalo Koch.

Jt

Pittsburg

Cedar Falls & Minnesota
Chicago & Alton
OInoinnati Wash. & Baltimore.

108''8

70

145
109
70

140
125

I0214 1025e

50

50

Mexican leutral
Ohio Siiuthern

Wayne

Chlo

14»a

'.

5%

*33

•20
*45

Central
pref.

Columbus & Hocking Coal
Maryland Coal Co

36

33

20
45

50

22
13

New Cintral Cc^al

Ontario Silver Mining
Tennessee Coal <k Iron

Vartons Stocks, &.c, (Unl
Amer. Cotton Oil Trust....
Pipe Line Certlfloates
•

>'*>&»

14

22

pref.

&Ohio
Do

12

'

4%
5%

14

150=8 150=8

Tolerio
.

49

*8

11% 11%

Bt Louis Alt. & Terre Haute.
Bt Louis Ark. ATexas

„

49

5%

QuloksUvcr Mining Co

Do

100% lOlH
•3%

•14
<fe

130

14014 14014

Do
pref.
„
Manhattan Beach Company..
Pitts. Fort

24I3

^140

150

150

145

'125

145
103
70
130

50

50

9
139

9

108% 108% 108% IO8I4 108
69% 70
68% 70
68

514

29
33
50
22

I

'125

130

147

66

128

99% 99%

40

9

140

3%

514
12
13
11

50

11%
142
4
6I4

12
13

H
149% 150

3
•5%

•10
1178
13

6

29

4%
23
31

11

11

11

20
40

20
40

1314

12

14
15

20%

12% 12%

*11

2714

27

25

24

24%

2714
68'8

24% 26%
68% 70

27
23% 24

8
3
5

4%
llTg

13

I

4%
29
35

72
128

1*140
I

^68
^125

957s x92=8
'45
50

150

I

5

10% 10%

'10

12

5

23
33

72
131
92=8

49

11

4%'
6

150

'5

•22

27% 27%

9378
•40

142
6
12

147

107% 108%' 107% 107%

14

150
6
23

I

5
12

10% 10%
"5
5"

33% 32

35

12

12

12%

•20

45

12

15

12
12%
26% 26%
23% 2378

•12
•12
26

15
15

27%

12
•11%

45
25
13
14

26% 27%
23%

5

95% May 19
94% May 18
119 May 18
20% Apr. 2
48% May 31
34% Apr. 9
112 May 19

14=8

34

14
11

31 16178 Apr. 20

Oct 14 64 % Apr.

98

20
43

3

17 Apr. 7
28 May 31
14 138
May 28
20 27% Apr. 1
13 47% Apr. 21
20 24% May 16
2u 61
Apr. 29
14 98% June 30
20 99% May 14

66% Jan.

35

3

Jan.
Apr.

Aug. 24

54% Oct
400 30% Sept
2,821 93% Aug.
600 47
80

Jan.

82% Jan. 13

Oct. 14 32
Sept. 20 100

80,455

2,655
2,083
1,780
2,145
3,380
24,235
44,351

14

Sept 21

18%

Oct
10% Sept. 20 19% Jan.
70
1,700 68% Oct 14 88% Jan.
104% 22,699 101% Oct. 14 114=8 May
15% 3,823 14 Sept. 20 20% May
27% 1,165 26% Sept 21 37% May
257g 143,610 24% Oct. 14 35=8 Apr.
61% 2,650 69 Oct 13 76 May
11

9%
26% 27%
14% 14%
35
20

9% Oct.

62

17
1,521 115
1,450 12
800 l;9%

13

9%

45%
21% 23
16

115%

290

12%

96
47

35% 36%

22

43% 46%
22
22%
I6I4 19%

8%

54% 56
36% 36%

30

40

910
2,757

1,700

12% 13%
29% 29%
14

3,240

100

47%

24
II5I4 116

"l4%

978

56

18% 18%

85

44I4

07

705
232
37

Range

1,

126% 128
11,708 126% Oct 1-1 156 May 17
70
72% 258,624 70 Oct. 14 95 May 18
112 112%
1,866 112 Oct 14 127% May 17
108% 106 108% 101,9B8 106 Oct 14 1 27=8 June 7
138 138%
1.420 138 Oct 14 153% June 7
139
6,342 112% Oct 14 14078 May 17
113% 112% 114
100 12% Sept. 21 22 Apr. 22
14%
500 35 Jan. 27 52% Apr. 22
38%
40
36% 39% 14,13( 3634 Oct 14 51% May 17
IOII4 101%
573 101% Oct 14 118% June 7
104
4314 49%
49=8
2,574 48% Oct. IJ 68 Apr. 11
22
21% 22% 6,155 15 Sept. 19 39% Jan. 11
125% 123% 125% 141,790 123% Oct 14 139% .Tune 1
21% 20% 22
2,800 20% Oct 14 3?% Apr. 14
54% 5278 54
3,553 527«Oct 14 68% June 4

42

•35

1,585

JAN.

113

18% 19

13% 13%

I3I4

30=8

9

26% 27%

38% 40%
21% 21%
46% 46^8
23% 24
18% 19%
20% 21%
59% 61%
22% 2378
51% 51%

Ohio AMlssiBBlppl
Oregon iStTiana-Contineutal..
Peoria Decatur & Kvaiisville.
Philadelphia & Reading
Biohm'd & WestP'ntTerminal

Do

38%

I3I3

56

5

7
10

12778 129
72=8

39% 41
105% 104% 104%
50
49% 50
22% 21% 22%
126% I2414 126%
22
22% 22
55
53% 55%
10% 10
10%
4034

73

28% 29%

83% 84% 82
83% 83% 83% 84
80
82% 81
84% 8OI4 82
'102
102
106% 105 105
101% 104
10=8 10=8
11
11
8%
9% 10%
24 26
•23
25
18%
21% 22
22% 22% 21% 22=8 207e 21% 20
9278
8878
92
93% 90
887e 91 14
10=8 10=8
10% 10% 1078 1078 10
70
68%
70
70% 70
104 105% 103% 104% 10134
104% 105
15% I6I4 16
16
15
15% 15
28
27
27
27
27% 27% 28
26% 24%
25% 26% 25% 26=8 25
61%
62
61
59
60% 61%
36=8 3778
35
37
35
36% 35%
14=8 15%
*lo% 15% 15
15
17

63

40

14%
39

978

82

...

28%
25%
62%
36%

28%

128% 131

74=8
70=8
74=8
72
114
113% 113% 113
109 14 107% 109% IO7I4
139 139
138%
140
113
114% 113 114

96% 97%

106% 105% 106'4
281a

978

•5

29%

*30

NashT.Chattanooga&St. Louis

New York Ceutraiai Iludsou. 106
New Y. Chic.A St. L., assent'd
28I3
Do
pref., anseuted,
New York Lake Erie & West'n 2714
64
Do
pref.
New York & New England. .. 38%
New York Ontario & West
*9
New York Susq. & Western.
Do
pref.
284
Norfolk i Western
131b
Do
40
pref.

131

57% 58%

22% 23
92% 93%

10%

514

I314

*87

97
49

97
49

12

42% 44
90% 92

58% 59%

*2;j

MobUedcOhio

116

1513

prel.

III4

•14

24
117

pref.

Louis

& Texas

Missouri Kansas
Missouri Pacltlc

3814

9%

Shares

51
5314

82I3 84
*84
87
83
83
83
83
IO6I4 IO6I4 105
105

Michigan Central
Mil. Lake Shore & West
Minneapolis

59% 59%

9%

14.

lOM

15%
441a

Oct

13.

5078

141a
3112

Lake Erie

Week,

Friday,

lOia

117

117

Oct

Sales
of the

51 14
5313

•14

pref.

Oct. 12.

AND SINCE

51
521a
7114
31

.

Do

11.

Wednesday, Thursday,

14,

lOia

11
10
10
129% 130% 129=8
Chicago BiirUnpton AQuincy. 131 132
ig
7378
7434
7418
73%
75
St.Paul.
&
Milwaukee
OhlcaKO
113%
113
preJ. II3I2 ri3i2 113
Do
llOig
110
108%
109%
1081a
Northwestern
Ohlcafto &
140 I4OI4 140
140
prcf- 140
Do
112% II412 113%
Chlcago Rock Island APacitlc. 1141a 110
*13% 14% *13%
Chloago St. Louis & Pittsburg.
*37ia 40
38
prel.
Do
41
40
40
40!il 411a
OWoagoSt. PanlMln. &Om..
104 1051a 105%
pref. 104
Do
49% 51% 50
53
*5l
ClevelaiidCol Cin. & In di a n ap
22
23% 22
2138 213a
Columbus Hocking Val.&Tol
125
124% 126
Delaware Lackawanna <&Wes^ 125 14 126
22%
24
221a 23%
Denver 61, Rio G., assessiu't pd 24
54 14
pref. »5«l4 56%
541a 55%
Do
lOie IOI3
10
lOia 10%
East Tennessee Ta. & 6a. R'y.
56
55
55
Ist pref. *57
Do
19 14
I9I9 I9I3
20
20
2d pref
Do
*80
•85
90
BvansTllle & Terre Haute
•47%
'47% 48%
Fort Worth & UeuverCity
*8%
*8% 10
Qreen Bay Wlnoua & St. Paul.

Do
Do

lVou xlv.

271139% Jan. 4 152
Sept 20 118%
Feb. 17i 76
Sept 20 137

Aug.

8
3

19
16
18
12
23
29
3
14
14
3
16
18
19
4
7
25
6
17
17
17
26

26
2
20
23
27
23
18
6
18
18
19
19
18
31
19
7
8
23
9

5

435106

May 14

256 62
200 120

Aug. 31
June 6

1,560

314
100
229
200
596
300
400
120
100
350
100
300
1,200
5

92=8 Oct 14 11878 June
33% Jan. 19; 74% Apr.
8% Oct 7| 19 Jan.

139
3

6

7

May 16
Jan. 13

4% Sapt 19 10% Jan. 14
10% Oct 13 18% May 12
1 1 78 Oct.

12'

10% Oct
145

4%
23
30
10
20
40
22
10

108
22
300
300
9
180 22

Jan.
Oct.

Oct
Jan.
Sipt.

Oct

23

24% 29

23%

70=8

54

22

Apr.

2

May

Oct.

58% Jan.

Oct

5(1

17
18

Aug.
Jan.

9
17

155% June 17
8% Jan. 10
35 May 14
45% June 6
25 Feb. 12
35 Feb. 8

Sept.

21% Sept

23% 24

24% 26%
69% 72

3,240

Oct. 12 1.-5
7
Sept. 19i

6

15
Apr. 27

.Tan.

10

Jan. 11

27% Oct 13
64% Jan. 14

is ted.)

26%

68I4

are the prices bid and asked

;

23% 24%
69

71

24% 2P%
69% 72%

no sale yrm m»<Je at the Board,

4.5,130
7l''s lo.Oigxo

Oct. 11
July 28

64% Jan.
75

3

Sept. 13

.

Ootobbb

THE CHttONICUa.

is, 1887.J

Bt>NDS-LATE8T PRICKS Of ACTIYB BONDS AT
Railroad Bond».
Inc., 6a,

Oct 7

1910 26i«

Guar., 4b, 19:i7

Can. Soutb.— lat

icuar., 5».

1908

2d,»«,19I3
OoiiKol.78, lH9i).a(iBi>iit.
Ooiivcrt. 78, 1902,ii«8ent
A4IUBt 7s, l!l(i:t

-,

C<>IlV(<l^.<l^^b. 6«. 1008
InU'riiii Ih>iiiI I'crtitlontti
Ln'h,* \V.B.,<-oii.7», 19()9,a8'Dt

1921. ..
CeiitiHl racitb— KOldtjs, 1898..

Ban

Iiuii.,

.'>»,

J(iHi|Ulu Br. tl8, 1900
ttmi'ttis. 1H!)()

Land

Cbep. A <).— Pur. III. fund 6«, '98
68 giilil.Bor. B,I9U8. ouup. Ofl
Kxt<-n. coup., 48, 1986
6», currency, 1918
..

Mort. 6f. 1911

&

So. W.— 5-6s, 1911 ...
Cbli-.Bur. A Nor.-lBt,.'>a, 1926.
CbK-. Burl.
Q.— Deb. 58, 1913
Clie». O.

Lotetit.

24 1«

25

81%

A

A N. W.— CouBOl. 7b,
Gold, 78, 1902
Bluklnx fund Kb, 1929
Bliikliigruud 5b,

».!

1)7

b.

1915 i37%'
129

107

117

May

106%

Oct.
Oct.

107
103

Ind.—Gen. lis, 1934 ..
C. C. C.
Iron— iBt, 6», 1900..
Col. Coal
Tol.— Con. 5b, '31
Ool. H. Val.
Gen. gold. 68, 1004
Denver
Biu Gr.— lBt,7B, 1900

A

A

l8t0OD.48, 1936
Dan. A R. Gr. W.- iBt, 68, 1911.

-Den. So. Pk.

j

122 Is

.Ian.

130% June
1191s Juno
109 Jan.
108 Mav

105% May
142
133

Jan.
Jan.

I20I9 Sept.
no's Mar.

110i«Mar.

July

IO914 Apr.

135 Jan.
July llOisFeb.
Sept.

Sept. I24''e May
Out. 127i9jMn.

b. 122
b. 123
95i«b. 98% Jan. 102
Feb.
107 >4a. 104%b. 104 1« Oct. lllisMay
97 b. 95% Aug. 104% Juno
68 a. 60 Sept. 8878 Jan.
691)1
631* Oct.
91 Jan.

Bt. Paul A S. V.-Ut, 68, 1919| 121
Oh.8t.L.A Pitts.— lst,con.58,'32 -

AaBei;ted

Juno

99 Jan.
lOSisJuno

Sept.
Oct.
Oct.
Oct.
Oct.
Oct.
101
Oct.
136isb. I3718 Oct.
128isa. 127
Sept.

104 >4
2ft-\eur.lebeut. 5«, 1909
128%
Cbl. ft. I. A Pac— Cb, coup. 1917. 130 b 131
lO'lfb, 10714b. 107
Kiten. A col. 58, 1934
116
Ch. 8t.P..M.* O.—CoiiBol. 68. '30 117 b. 118

A

June

ll6»sb 117
125 b 125
1121s 112
102 >a
10219
101 b. 101

1929

Sinking fund debent. 5s, 1933

A

383|g

94

l>4

let, Chi. A Pac.W.Dlv— 58, '21 103
WlB. A MIn. Div.-6a, 1921... 101
Terminal 5B, 1914

Cblc.

95

a.

Hi

(

8o|it.

;

8S
DenvBrI)ivl«., 48,1922
lud. Coal K., l8t, Ss, '36
Ch.Mll.A Ht.P— l8t,I.AM.7B,'97
125
Consol. 7h, 1905
Ut, Ho. Mill. Div.— eB.lOlO.-

119'8b. 1181s Feb. 1211s June
76
82% June
751s Oct.
70 b. 70 Sept. 82 Apr.
64''8
64 Sept. 78 Jan.

77»9

74

a.

6h^

A Pac— l8t, 7s, '05

72>sb

30

Det.Mac.AM.— Ld.gr.3i<B,1911 33
A G. Ry.— Con..5e, '06 Ob"*
A B. Sandy— tiB. 1902.1 i'S't
Ene- iBt. couBol. gold, 7b, 1920|130
Long Dock, 78, 1893

b.

aoifi

£.Ten.V.

97 ^s

- Bllz. I.«x.

112
115

Con. 68,1935

2dM., 78,1905

97
30

96 b
34

Seiit.

115

8.

93%
84%
78
105
105

b.

i

95 14 May
981a M.iy
loo's Mar.
June 111 Jan.
lOOifl Jan.

9214 Feb.

Aug.

j

U3

'

May
May

Oct.

125% June
100% June

Mar.

110

Sept.

119% May

Mar. 1191s

May

100
94 Feb. 112 May
56
56 Oct.
„
79% May
bid.BI. AW.— l8t,pref.,78, 1900 120 a. 110 b.ii9isJan. 124-4 Feb.
UO b,
iBt, 5-68, 1909
86 Aug. 99 May
70 b.
2d, 5-6b, 1909
70 Sept. 89I3 June
b.i 88
86
Eastern Division— 6s, 1921. ..
Sept.
981a May
"'
b.
34''8 Apr.
Income, 68, 1921
22 a. 21
l9iflOct.
Aug. 122 M»r.
Int. A Ut. Nor.— Ist, 68, gold, '19; 112 b. 115 a. 112
84
Coupon, 68, 1909
84'4
98
Feb.
84 Oct.
Kent. Ceutr.— Gold 48, 1087
75 a. 74 a. 64 Jan.
78 July
Knoxv. AO.— let, 68. gold, 1925; 80 b. 92 u.i 90 Sept. 100 Jau.
LakeSh.—Con.coup., Ist, 78,19001 124 b 124 b. 124 Aug
__ „
129 June
Cou. coup., 2d, 7s, 1903
122'sb. 122 b. 1221s Jan. 1261s May
1
122 b.
120=8 May 125 Sejit.
long Isliiud— 1st, 7», 1898
113 a. 112%a.H2is July 115 Feb.
Ist, consol., 5». 1931
118 b. 118 Apr. I2II9 Feb.
Lou. A Nasb.- I'ousol., 78, 1898
Mobile—
N. O. A
1st, 68, 1930. 109 b. 109 iS". 105
Jan. II314 Jane
90T8Jan.
2d,6s,1930
95 b.! 97
991a May
112isb. 114 b.ill2 July 117»8Miiy
E. H. A N.— iBt, 6s, 1919
General, 68, 1930
110 a. 109 b.;i07 Jau. 1141a May
105 ''a 1041s Jan. 109 May
Trust Bonds, 68, 1922
106
10-40,68, 1924
98 Jan. 103 Apr.
Lou. N. A. A Ch.-lHt, 68, 19ia llOisa. 1091s
109 Jun. II5I9 May
92i2a. 91
Consol., gold, i;s, 1916
90 Sept. 99 June
Mem. A Cb'l8ton-68,gold, 1924 101 b.
100 Aug. 107 May
Metro. Klovated.— 1st, 08, 1908. lM%b. lliH
113 Sept. 1201a May
2d,68, 1899
108 b. 108 19b. {106 Sept. 113 Aor.
Mexican Cent.— New ass. 48
75% June
Feb.
51
Incomes, 3s, 1911
21 a
I919 Sept. 'i7% June
Mich. Central— let, con., 78, '02 127'4b. 1'27%
126is Aug. 131 Apr.
MlSB'riPuc.— 1st, cons., 6b,1920 113
113 A.ill3 Sept. 119 Apr.
8d,7s, 1906
119 Sept. 126 Apr.
Pac. of Mo.— Ist, 6e, 1888.... lOO's
101
lOOM Aug. 105 Jan.
2d mort., 7s, 18!) 1
!l05ia July llOia.lHiio
NoiB -The letter " b" Indicates prioe tnd, and " a" price aiked all other
103

i

I

j

,

I

'

i

i
I

|

l>.

1

(

•

IT.— Int. 6«. 1924.. 114>1
l.-lBt, 78, 1927....

A

hup.

1

;

Or<.

Ma»it*

1,

mffAaat

120>4b. 118

lU

Feb.
Jan.

12'.!

89
8e>a
79>9
Ill h. 111
071s. Aug.
„
Mol.llo A Ohio— New, 6a, 1027 .. llSisb. 112%a.;iOM7, P.b
iHt, KxU'ualun, 0«, 1927
108 b. 107 (1. 104 May
Istpref. debentures, 7s
37 h. 401s Oct.
CO
Mutual Un. Tele.—8. t., 68, 1911 88
33 Aug.
125 '4b. 125 B«pt.
Nash. Ch. A Bt.
Ist, 7s, 1913
N.y. Ceutral— Kxtend.. .5». 1893105
103
Aug,
N.Y.C.AH.-lst.ep., 78, Ii>03il32i4b, 133
ISO's Hept.
Deljenlure, .58, 1904
106 Mar.
'130 h, 120 b. 128>9May
N.Y.AHar.— 1st, 78. 1900
6*, 1920...

I

1

89

W—

A

..

2d,lne.,6s, 1921
Oregon luipr^o.— ist, 68, 1910
Ore. U. A NuvTTo.— 1st, 68, ) 909
Consol., 5", 1925
Oregon A Transcon.—6s, 1922..
Peo. Dec. A Evans.— 1st. 6». '20.
Evansv. Div Ut, 6e. 1920

93

89

109 isb. 110

108

99

99
90

9919b.
96i9b.

931s

no

113

no

b.

113
no
107
106
105
25 b, 33
95 19
98%
981s
41 1«
41
35
10719b. 107
1071a
110
109
9014b. 91
91
113 b
109
II2I9I). 112.%b. 112
11219b. 112%b. 112
113 '4b. 113 b. lOS's
99''8b. 99 b. 97I9
lOlisU.I 101 >4b. 100

1936

2d, Os, 1936

1892..

2d mort., 7s, 1897
Gen. Ry. A land gr., 58, 1931
St. h. A San Fr.- 6n., CI. A,1906
68, Class B, 1906
68, Class C, 1906
Gen'l mort., 68, 1931
Gen'l mort., 58, 1931
So. Pac, Mo.— let, 68, 1888..
St Paul M. A M.— Ist, 78, 1909 11119b,
II2I9 115
2d, 6e, 1909
116 b.
Ist cons, 68, 1933
red uce(l to 4 I9S

Do

Shenandoah Val.-

Ist, 78.

98i9a.

1909

Gen'l mort., 68, 1921
80.

Carolina— Ist.

6s,

1620

2d, 69, 1931
Inc., 68.

80.
80.
So.

1931

Pac, Cal.— Ist, 68, 1905-12
Pac, Arl.— Ist, 6s, 1909-10..
Pac, N. M.— 1st, 6s, 1911

Tex. A Pac— Inc. A Id gr, 78. '18
Rio Grande Div.— Os, 1930 ...
Gen. mort. Atenu., 68, 1905..
Tol. A.A. A N. M.— Ist. 6.4, 1 9'24
Tol.A.A. A Gr.Tr.— Ist, 68. 1921
Tol. Poor. A West— Ist, 78, "17
Ohio Cent.-lst. 5s, 1935
Tol.
.

A

Tol.St.UA Kan. C.-lst,68. 1916
Union Pacillc-lst, 6s, 1899...
Laud grant, 7s. 1887-9
Sinking fund, 88. 1893
Kan. Pacilic— l8t,68, 1895...
1st, 68, 1396
Denver Div.— 68. 1899
lat consol, 6s, 1919
Oregon Sb. Line - Ist, 6s,

Sept.

108

b,

b,

98

b.

lOm

'22.

Jan.
Feb.

Apr
Juna
Apr.
M*r.
Apr.

May
Mar.
Apr.
Apr.

Aug. 116

Juna
Sept 112S8June

May

108

Jan.

48 June
Sept 102% Apr
Oct.

S.'pt.

5514 Jan.
Jan.

Sept. 115

May 114i9Mar.
Oct.
99 Jan.
Sept 115>9Jan.
Sept. 117
Apr.
Sept 1I1714 Apr.
Feb. |115
May
Sept. IUII9 Jana

July

104 19 Jan.
Apr.
Mar.

noig Jan. 118
112i9 0ct 121

b

1

I4I9 Sept. I2014

97i8b.

101 19
109

55

May
May
May
May

10719 Jan.
80 Jam.

28i9Jan.
115 Jnlr
112 Apr.

no

Jon*

66>9FelK

78>sM«r
72 Apr.
100 May
109 >s Juna
112 Feb.

99%

Jan.

9759 June
119% Mar.
1031s

May

120
115
1081a Sept 115
114 Jan. I1714
101
101 Sept 109
96%a. 9714 Sept 107%

Feb.

95 Apr.
79 "sa. 78 a. 78 Oct.
52
49 Jan.
Chicago Dlvison— 5s, 1910
89 Feb.
98
99%
Wabash- Mortgage,78, 1909.. 90
90 a. 82 Aug.
Tol. A Wall.— Ist, ext.. 78, '90 115
114 b. IIOI4 Jan.
Ist, St. L.D1V.. 78,1889
115
II4I9 106 Jan.
2d, exteuded. 78. 1893
97
98 a. 98 Sept.
Con., couv., '78, 1907
91
83 Sept.
Great West.- 1st, 78, 1888
115
114 b. i09 Jan.
2d, 7b, 1893
99
99 a.{ 98 Ang.
8t.L.K.C. A N.— R.eA r.,7s,'95. . .
Mar.
lO.'S
b. 109
West Shore—Guar.. 4s
97 Sept
98%
98%
prices and cue ruugs are from aotual salea.

Virginia .'Vlid.-Iuc. 6a. 1927...
Gen'l mort., .5s, 1930
Wab. StL. A Pac. - Gen., 6s, '20

1

May

1044 Apr.
Mar. jll5'9 June

Sept.

93 Fell.
96 Jan.
38
34
32 Sept.
95
96 May
65 May
13
13
Sept.
109 Oct.
11119b. 11119b. 110
Feb.
107%b.
105% Jan.
44 19
4719
43 Sept
63>3
60
58 Sept.
Sept.
"91" 50
93"
89 Jan.
10219 Sept
10219b. 102 >3
100 a.
104 Jan.
92lsb. 94 a. 91
Oct
95i)g
94 Sept.
116% 116
114 Jau.
101 b 101
102 Jan.
no b 110
no Sept.
10:119
108 b 108
Sept
116

KWs M»y

Jan. ill2
Aug. jl06

105i4Oct
112
"
56 Sept 77
109 Sept. 115
106 Feb. 111
114 Feb. 120
108 Jan 117
IO8I4 June !112ig
98 Oct 10418
93 Oct. 10819
65 JiUy 75

.

7b,

Mav

!

96

—

Mt.— Ist,

90

Sept

no

105 a,
56
Rich A All.— 1st, 7s, 1920. tr. rec
Riehm. A Dan.— Cons., 68, 1915 11114b, 11119b.
Debenture. 68, 1927
Roob. A Pitts.— Ut, 68, 1921...
11319b. 113 b.
Consol., 6s. 1922
Rome W. A Ogd.— Ut, 7a, 1891. 108%b. U'8%b.
98
100
Consul., extend., 58. 1922
97%
93%
St Jo. AGd.Isl.- l8t, 6s, 1925
2d, Income, 58, 1925
113 b
St. L. .ilt.AT.H.— 1st, 7s, 1894. UO

Ir.

Jan.

Jan.

Mar.

131
Apr,
10714 Apr
137
niay
110«fiJana
ISSis Anr.
101 « Mar

80 Apr.
lieTiSept. 123 Jan.
124^8 Oor. 128<aAiir,
106 Sept.
Jan.
b. 106
Kent. inOHj Feb.
69 Feb.
77 Apr.
"s'sisb. "sT'b" 87
Oct.
9618 May
108 b. lu8
107 Aug. 1151s May
70
6919 Bept. 86i« May
731s
114% 114>9 n3'«8«pt. 1181s Apr.
100
97
90'4 Oct. 1071b liar.
106 >s Jan. in
May
102
100 July 1071s June
1021s
114isb 114isb. 114 0(!t. 123 Apr.
11419b. 113isa. 113
PcptillO Jan.
107i4Oct. in2>aApr.
lOS^sb 104 isa. 102 Feb. Ill's Apr.
32 b. 31 Sept. 501s Mjiy

N. Y.8US. A
Deb. ,68,'97,op.on
1st refunding, 5«. 1937
Midland of N. J.— Ist. 6*. 1910
N. O. PaciHe— iBt, Hs, 1920. ..
North. Pacltio— l8t,coup.,68, '21
Gen'l, 2(1, coup., 1933
i*
Jiiiues R. VaL Ut, 6s, 1936.
N. Pao.Ter.Co.— Ist, 68, li»33.
Ohio Miss. —Consol., 7s, 1898
2d, consol. ,78. 1911
epringfleld DIv.— 7s, 1905 ...

A

85

70
58

Apr.
Oept.

66^ Mar.

|

N.Y.CblcASt.L.- iBt, 6«, 192liU0O!*9
2dinort., ««, 1023
7r98'4b,
N.Y.Clty&No.-Oen.,68, 1910
N.Y. Klevatwl- Ut. 7», 1906...
lis
N. Y. IjMsk. A W.— iBt. «». 1921
125
l<.7%b.
Oonstriiclion, 5b, 1923
N. Y. Ont. A W.— Ut. Os. 1914. 106>9b, 107

la's Jan.

114
108

U—

A

Apr.

lit
121
.May
130 Aug. .133 Jan.
81
Aug. 90 Jan.
snifO.t. t02>aApr.
77 Sfpt. 89% Apr.

Consol., 5s, 1920
Consol., 7a. 1904-5-a

OliioSoutlieni— Ist, 68, 1921.

1887.

nntt Jan. U

14

1922

i:.pilp.-6«,

Mo K.ATcx.—<;on.,

Feb.

119% May

Feb.

M

St. L.

Oct.

122 0. 12ii4b. 118
99
10O>s
99

V

Mar.
Mar.

Sej.t.

109
53

W.-l»t,68. 1921. 120ti

M'

June

Oct.

7

Ott.

2d, M., pref.,7B, 1894.
2d., M., Inc., 78, 1894..
Dividend b(l8, 68, 1894
Tex.— Ist, 68.
St. L. Ark.

10138 Apr.
Jan.
1'20

Sept.

"

1

86% June
56 May

10478May

30

106»«b. 106iib. 10613
11*
b.;il2
111
112
,108
114 b.'ll3
114

C—

Jan.
Feb.

91i4 0ct.
92i« Jan.
99 Jan.

94'4

2d, 68, 1931
Gr'nB. W. ASt.P.- l8t,68,19H
2d income 8b, 1911
Gulf Col. A8an.F6—lBt,7B, 1909
Gold, 68, 1923
Henderson Br.Co.—l8t.6«, 1931
H. A Tex.
Ist M. L. 78
Ist, West. D., 7b, 1891
lBt,WacoAN.7B, 1903
2d. coUKOI. .M. L. 8b, 1912
Gen. mort. 6h, 1921

Sept.

91i«

Apr.

Sept. 108
Sept. 137
b. 1121s Sept. 115

a

108

We8t. Division— l8t, 58, 1931.

68
29
95
129

9414
N.Y.L.E.AW— 2dcoii. 68, 1969 9958
84%
Funded coupon, 5b, 1969.
Ft. W. ADeuv.C. -let, 68, 1921 83%*. 3213
Qal.Har.A 8an.Ant.-lst, 68,'10 105 a 82isa.

OloHtV-

1.

lomi

Cbb\ A

STOCK EXCIIANdB. AND RANAB HINOC JAN.

Highttl.

80% Sept. 90 Jan.
104 .Sept. 109 June
H71881PI. 951s Jan.
91
I'O
87 ».l ,80 Auk. 94 May
10ft»4b. 10S»8b. 104>4 Aug
110 .Inn.
109 b.ll07'«Jaii. 119 June
113»a
113>ab 110 b. Itib .Jan. |11H% June
105 14 Jan. |10Hi» June
105 b. !>3'e Jan. Ki.l June
102
97 b. 95 Hopt. 10(1 June
98
no\a. 109 b. 109 Sept. 116 Feb.
104 b. 103
99 Jan. lOtlig Mav
115%b 113'sKeb. in«% Mar.
115*4
..Ill's Feb. 116 June
..!l00 July 105
Mar.
111 b. Ill b.tllO Sept, 115 Juno
66
68
06 8>-pt. 81 Jan.
t.3
«5
63 0<t.
751« Jan.
17>ab. 17
151a Sept. 32 Jan.
90^b. 91 b. 90% Oct. 100 Feb.
10^ b. 102 b.llOl Feb. 108 >s June
lul b. 101 lib. 161
Oct. 1071s Mar.
i04 b iUlHia. Iu3 Sept. IO8I9 Apr.
82>flb
lOft's

603

Railroad JUmdt.

U'

i

Out. towiv— let, 7». '99, coup, ofl
Oentralof N. J.-l«t, 7h, 1800..

Am. Doik A

Oel.

N. T.

Bang* tint* Jan.

Otoiing.

AM. A P»o.— W. D.

.

.

I

I

99
90

May
Mar.
Apr.
Apr.
Jan.
Jan.
Apr.

6OI4MJV
lOtHMaj-

XT

97
117i4May

Mv'
May
Mar
1171s Mar
May
!l07
116

1108

99

,11414 Julr

H>43b Jana

STATB BONDS.
SECURITIES.

Alabama—Class A 3

1906 105
Olaaa B, Ss
1906
Ctass C, 4a
1906 100
6b, 10-20
1900 10211!
Arkrtnsas— 68, funded.. 1899-1900
10
7b, Little Ro( k A Furt Smith, Us.
20
to 5

7s, Memphis A Little Rock, Isa..
7s, Arkansas Ct^utial RR
10
Georgia— 7s, gold
1890 105
Louisiana— 78, cons
1914 100

90

Btanijied, 48
»»->•»..,..

"»^

IflOO

Km 19

SECURITIES.

Ask

Bid.

due 1889 or 1 890
1051s Missouri—68
Asylum or University, dne 1802
112
1894-1895
Funding
1892
New Y'ork—68, loan
106
1893
68, loan
JAJ
North CaroUiia~6s, old
27
1900
Funding act
25
New bonds, J. A J.... 1893-1898
IB
I

I

105%
91

Chatham

RR

Special tax. Class 1
CouBolidalixl 4a

Aak.

Aak.

119
9
South Carolina—<te, non-fund. 1888
I89S 105
Brown consolidated 6a
1892-1808 98
TeDBeBsee—On, old
1913 67
Oompromlae, 3-4-&.«a
191S 100
New aetUement—6s
1918 100
Sa
1913 my,
30
88
13I9 Virginia—6«, old
48
90
IS
68, eonoalldftted iwnda
60
97
6«, onsulldated, 3d series

I0«
103

«'4

10

10>9

1910

SECURITIES.

Bid.

101
100
110
112
115
35
10
19

95

Rhode I«land-e«,

Bid.

oou.. 1893-1894

6
lOA

«3

7m
70

(

»."«.

itt'fi»»-'eil.

rrns* r»f

.

...

—

1

THE CHRONICLE.

604

[Vol.

XLV.

BONDS-STOCK EXCHANffS QUOTATfOX^ ON FRIDAY OF INACTIVE RAILHQAD BONDS.
Bid.

8ECUBITIEB.

Railroad Bonds.
Emhanae Price).)
Atch. Top. & Sim. Fe-4'iS...1920

A

1911
193b

Blaklngfunfl.eB

B

.

.191? *.....
192.1

102

BesiBtered
Boat. H.Tiui. AW.—Del>.5B...1913|
Brooklyn El6Y.-l6t, G , 6»...1924
1915
2d, 3-3*

& Nor—

Bnrl. Cedar Rapids
l»t 5b
Consol. & col. tr, 5b

80
120
103
95"

106
80

1906 1071s
101
1934

Registered

-,xw..;

Minn. &8t. L.-l6t78, K« .1927

& We8t.-l8t
Rap. L F. A N., 1st

Iowa

78. ...1909

C.

68.1920 103
1921
Bnff. N.Y.A Phil.— Cone. 68.. .1921
---•
Trust certificates
1924
General 6s
.Trust certiflcates
Ced.

iBtSs

....

Cen.l'wa— Ea*t*n DlT.,lst,6s.l912
1912
rUinols Dlvlaion— iBt 6b
Cent. RB. A Banking Co., Ga.—
1937
Collateral gold, 5s

1900 11612

&

A

N().-Del).68....1896
Pac— 6s, coup. .1917

Registered
Kxt. A Col., 58
RegiBttred
Des Moines A Fort

131

D.— l8t,48.1905

80

1905

Extension, 4b
Keck. ADesM.— Ist, 5B....1923
Chicago Milwaukee A St. Paul-

D

131

1934 107 »4 108 14

Ut,2isB

56
80
111

1898 124
119
Vj5
114 118
119
124 127
1908 124
iBt, 7s, I. A D. Ext
1909
116
l8t, B. W. Dlv., 68
1919
iBt, 5s, La C. A Day
1910
124
1st, H. A D., 7a
1910
100
Ist, H. A D., 5s
CLicago A Paeiflo DIt., 68..1910 117
CUc. A Mo. RlT. Dlv., 68 .1926
100
1910
Mineral Point Dlv., 58
1921
C. A L. Sup. Div., 5s
Fargo A South., Os, Assu ...1924
1916
Inc. conv. sink.fuud 58
1916
Dakota A Gt. South., 5s
Oblcago A Northwestern—
1926
Extension bonds Is
94
Escanaba A L. S.— 1st, 6s... 1901
Dc8 M. A Mlun.-lst, 7s ....1907
Iowa Midiand-lst, 8s
1900
Peninsula— 1st, conv., 7a
1898 120
Chic. A Milwaukee— lat, 78.1898 *118»s 122
Win. A Bt. P.- 2d, 78
1907 128 132
Mil. A Mad.— Ist, 68
1906
Ist, 88, P.

D
D

1898
2d, 7 3-IOb, p.
1902
l6t,78, $g.,R.
iBt, La Crosse Division, 7a. .1893
1899
1st, I. A U., 78
1903
iBt, C. AM., 78

.

.

—

Ott. C. F.

A

St.

P.-l8t, 58. .1909

Morthem lU.— lat, 5
O. Col. C^. A Indianap.—
Consol. 7b
Consol. sink,

owe.

St.

fd.,

Paul M.

Chic. S. P.

1910
1899 119
1914
1914

lat, 7b, b. fd

78

A O.—

124

A Minn.— 1st, 68.191? 123

No. Wisconsin— 1st, 68

Oilc. A E. 111.— l8t,
Consol., 1st, 68

1930
cur.. 1907

iii'
1934 113
Cfclo. A W. Ind.-lst, a.f., 68.. 1919 112
General niortgage, 6
1932 110
Oiic. A St. LouEr-lat, 6a
1915
On. I.St.L.A Chic— l8t,g.,48. 1936
8. f.,

114

AMac—

A

1926

Midland— lat,

6s. .1914

95

Lack. A West.- Conv. 78.1892
113
Mortgage, 7a
190'
131
133
Byra. Bing. A N. Y.— l8t,78.1906 127
Morris AE8S6X— lat, 78
1914 139
2d, 7b
1891 107's 109
Bonds, 7s
1900 '115
78 of 1871
1901 120
l8t, con., guar., 78
1915
135
DaL A Hud. (Janal- Ist, 7b. ..1891
110
1st, eit., 7b
1891
Coupon, 7a,
1894
117
Registered, 78
1894
Pa. Div., coup., 7»
1917 135
Beglstered
Albany A bUMiue.— ist, 78.. 1888 102 19
lat, cone., guar., 7a
190t
Registered
let, cons., guar., 68
1906
117

SeL

Registered
Bess. A 8ar.— 1st, coup., 7a. 192! •144
HeglKtered
Ifct. Mark. A Mar.— 1st. 6«.. .1921
•

bo puw.

j-nuajf

;

uiese

we

1897
1907
1951 114

7s

Louis Div.-lst, 68

2d, 3b

A

North.- 1st,

Extension, 68
Milw. Lake 8. A West.Conv. deb.. 58

A San

Louis

AO

Vt. B.
St. L.

116

A

115

115% lie
108

104

95V
106
109

6s, g.l916
V. B. Bg.— Ist. 68 1910

K.ASo.Wn.-lBt, 68.1916
1905
68
ex coupon

100

Consol., 6s, 'rust receipt8.1905

Pennsylvania

95"

93
90

let, 68,

1151s

119

1141s 115

A Pac.-lst,

Tex.

RK.—

Pa. Co.'s guar. 4is8, lat op.. 1921
1921
Pa. Co.'s4ii!8, reg

90
104

104
C.ASt.L.— l8t,op.,78. 1900
1913
2d, 78
141i»
Pitta. Ft.W. AC.-let, 78...1912 14008
1912 13S
2d, 78
1912 131
3d, 7s
Cnev. A P. -Cons., e. fd., 78.l!'O0 128

1911

1902

1931
1931
1891
6b.. .1910
1913

189'i
4th, sink. fd.,6s
V. A T. H.— Ist, g., 78.1897
1898
2d, 78
1898
2d, guar., 78
Pine Oeek Railway—6a of 1932
Pitts, aeve. A Tol.— Ist, 68. ..1922

1922
193

JnncllOB— let, 6s

Pitta.

McK. A Y.— l8t, 68

1221s Pitts.
Rich.

ADanv.- Deb. ex ep. 68.1927

Consol

iijoit..

gold,

1937

!>»

AChar.— lat, pr.,7s....l897 118

Atl.

1900
Incomea
Rich. AW.Pt.Ter'l.Tmst68..18!»7
105% Ban Aut.A Arans.-lBt,6e,'8.5-191(!
1926
let, 68, 1886
1910
Scioto Val.— Ist, cons., 78
Coupons off"
8t.

Louis

8215

£3

69

A lion Mountain—

—

Arkansas Branch lat, 7b. 1895 109 111
1891 1041s 105
Cairo A Fulton— let, 78

1051s

.

Cairo Ark. A T.-lst, 78. ...1897
90
St. L. Alton A Ter. Haute—
87
Bellev. A B«. lU.— Ist, 88. ..1896
1923
50
Bcllev. A Car.— let, 68
Bt. Paul Minn. A Man.—
1910
Dakota Exten.—6s
1922
IO912
Min'sUn.- 1st, 6«
Bt. Paul ADuliith— 1st, 68.. ..1931
Bodus Bay A 80.— Ist, 5s, g...l924
Tex. Central- lat, a. f., 7a ....1909
lOlis
1911
1st mortg. 78
1905
109
Tex. A N. O.— Ist, 7s
1912
Sabine Division, 1st, 68
1071s
Vallev R'y Co. of O.— Con. 68.1921

100 >s
100

114

100

Wal'.St.LAPac- Hav.Div.-68. '10
1921
IndianaiMilis Dlv.—68
19'21
Detroit Div.— 6s
Iit31
Cairo Div.-5s
1890
A Tol.— 1st, 78
Han. ANaple8-lsl,7«....190H
Quln.

102
Its

109%

112
119
110

102

98

102

AWab.-Equip. bd8.,7sl883

Tol.

A So.Iowa—lst,ex. 68.1912
L. K. C. AN.-

HI.
Bt.

971s
i'Jo'

19in

ClarindaBr.-6B

Bt.Charles Br'ge-l8t,6a.l908
1895
No. Missouri— Ist, 78
7314 Wab. St. L. A Pac— Iowa Dlv., 68
78..
.1900
Coup.
Tel.—
West. Union

1091*

109

101%
100

1905

Registered
N. W. Telegraph—78

109
118
•117

1904

Wheeling A L. E., 1st M. 58. .1926
Manhat. Beach Imp. Co. -78. 1909
Tenn. C. I.AR'y.— Consol. ,6s. 1901
1902
BoutU Pitts.— 1st, 6s
191
Bir. Div.— 1st eon. 6s
I.—
bs,
g..l917
Coal
A
Col. A Hock.

99

101
87

IDS
76

lucome Bonds.

N. Y. N. H. A H.— Ist, reg. 48.1903
N. Y.Tex. AMex.-lst. 48 ...1912

(Interest payabit ij eanieti.)
1922
Cen. Div
Atl.

Northern Pacitlc-Divldend scrip.. 100
Dividend extended
Bpok. A Pal.-l8t, 8. fd., 68.1936
St. Paul A N. P.— Gen., 6a.. 1923 113

Cent. Iowa— Coup, debtoertf's
1970
EUz. City ANor.-2dino
Ind'ap. Dec. A Spr.— 2d inc.. 1906
Trust reoeiple

A Pac—

115

Registered

1888
a WUkesb. Coal
Milw. Lake Sh. A W.— lueoine.
Mobile A Ohio— 2d pref. del>en
3(1 pref. debeutureH
4th pref. debentures
N. Y. L. E. A West.— Inc., 6s. .1977
Ohio Cent.— Miu. Dlv.-Inc.78 19:
Ogdens. A L. Cham.— Income. 1920
19'.;i
Income
Roch. A Pitts

40

Ja-M.

Helena A Red M'n—l8t,g.,6s.l937
Dul. A Manitoba-lst, g. 68.1936 1031s
Hel. B.Val. A Butte, lat. 68.193. 104
N. O. A No. E.-Pr. 1., g., 68 ..1915
Norf. A W.— Gen., 68
1931 110
New River— Ist, 6s
193J
Imp. A Ext.. 6s
1934
95
A<yustment M., 7b
1924
98 103
Ogd. A Lake Ch.— lat, 68
1920
Ohio A Misa.—Cona., a. f., 7a. .1898 115
General 58
1932
Ohio Cent.— Ist T.r. Tr., 68... 1920
Min. Div.— 1st, 68
1921
Ohio River RR.-l8t, 5b
1936
Omaha A St. L. R'y.— Ist, 4a. 193
7i
Oregon A Cal.— let, 6s
1921
Pan<.aia—Biuk. Id, sub., 6b. ..1910
Peoria Dec A Ev.— ^d, 5s
1927
Peoria A Pek. U'n— let, 6a
1921
9H M. \\r,H
19*21

lOoifl

St. L.

1041s

50
120

Nash. Chat. A St. L.— 2d, 6B..1901
N. Y. Ceutral-68
1887
N.J. June- Guar. Ist, 48
198b
Registered certiflcatea
N. Y. P. A O.-Prior lien, 68 .. 1895
N. Y. A New Eng.— Ist, 78.. ..1905

m lae Cunt Woei.

101
112
118il»

1919
1895 107

Equipment, 78
Kan. City A 8.— Ist,

67
106

117
121

1907 95
1925 113
Ashland Dlv.— 1st, 68
Minu.ASt.L.— I'aEx.— l8t,78 1909
1891
2d mortg., 7b
1910
Southwest Ext.— 1st, 7s
1921
Pacific Ext.— 1st, 6s
Minn. A Pac— Ist mortg. 5a. .1936
Minn. A N. W.— Ifct, 5e, gold.. 1934
Minn. S.8te.M.AAtl.—lst,58.. 1926
Mo. K. A T.-Con8.,2d, inc.. ..1911
1890
H. A Cent. Mo.— 1st, 7b
Mobile A Ohio— Col. tr., 68 ...1892 102
1931
70
St. L. A Cairo- 48, guar
Morgan'B La. A T.-lst, 68.. ..1920
lat, 78
1918

latwt quot»aoa»

101

Francisco-

let, 6s, Pierce C.

lis

iOlifl

105

190;:

Milwauk.

Bt.

109
117

192]

.1934

2dmort., 5s

Mexican Central— 1st, 78
Ex coupons 6, 7, 8
Mich. Cent.— let, con., 5s
Registered, 58
Jack. Lan. A Sag.—68

120

104

1980

A Decatnr^lst, 7s.. 1900
1910
8. AN. Ala.— S.f., 68
1931
Louisv. C. A L.— «B
1937
5 p. c. 50 year gold bds
Pens. A At.— Ist, 68, gold.. 1921
Lou. N. O. A Tex.— 1st, 58.... 1934
Nashv.

Coupon, 58

lOSij

102

1907 101
1920

Br»ncn-78
Pensacola Dlv.— 68
Cecilian

6a

114!%

6s.... 1888
B., 6 1892

Pitts.

2d Div., 78.. .1894
Dub. A 8.
Ced. FaH»A Minn.-lat, 7B.1907
Indianap. D. A Spr.—
1906
let, 7b, ex. fund, coupon
Lake Erie A W'n— let. g., 58.. 1937
Lake Shore A Mich. 80.—
1892
Cneve. P. A A.— 78
Buflf. A Er.— New bonds, 78.1898
Kal. A W. Pigeon— 1st, 7b.. .1890
1906
Det. M. A T.— let. 78
Lake Shore- Div. bonds, 78.1899
1900
Consol., reg., 1st, 78
1903
Consol.. reg., 2d, 78
Mahim'g. Coal RR.— l8t, 5B.1934
Lone Island RR.—
N. Y. A M. Beach— Ist, 7b.. 1897
N. Y. B. A M. B.-lst,g., 58.1935
Loulsville A NasliTille—
Bt.

117

N.Y.Suaq.AWcat- 2d,4iss...l937

Registered
2d, 68
Cin.

l8t, ronsol.,

106

92

Springf. Div.-Coup.,..68, . 1898
1921 111
Middle Div.-Reg., 58
C. Bt. L. A N. O.— Ten. 1., 7b. 1897

let, 68

Oln. Jack.
lat,g.,5e.l933
Cbl. A.Grcen.— l8t,68
1916

OoL

H.- Ist,

C—

1M7

HebraBka Eitentlon 4b

T.

Mt. Vernon- let, 68
Evans. A Indian.- lst,con8...1926
Eureka SpringB R'y, 1st, 68. g.l933
Fl't A P. Marq.— Mortg., 6a... 1920 116
Grand Rap. A Ind.— Gen. 5b.. 1924 96
Registered
1911
Han. A Bt. Jos.— Cons., 6s
Hous. E. A W. Tex— 1st, 78... 1898

Gold, 5a, coupon
Registered

1894
1898
1898

Mi8e. R. Bridge— 1st, s.f. 6B.1912 *105ifl
Oiic. Burling. A Qulncy—
1903 130
ConBoliduted, 78
1901
Sb, sinking lund
lowaDiT.-Biuk. fund, 58. .1919
1919
95^
Biuking fund, 48
1921
Plain, 4s
ailc. Burl.
Ohi. R. Isl.

A

117
105

115
1923 108

A Oregon—Ber.

114
114

Moit. bond. 68
1936
West. Paoltle— Bonds. 6s. ..l'-99
No. Railway (Cal.)— Ist, 6s. 1907
1896
Union Pac— 1st, 68
let, 68
1897
Ist, 68
1898
Col. Trust, 6s
1908
Col. Truet, fia
1907
1895
C. Br. U. P.— F. o.,78
Atch. Col. A Pac— let, 68.1905
Atch. J. Co. AW.— lat, 68.1905
1909
Ut. So.—Gen., 78
Exten., 1st, 78
1909
Missouri Paeiflo
Verd'e V. Ind. AW., Is-t, 5a 1026
Ler. AC-y Viil A. L.,l8t,3B.1926

12313

cons., 68.1921

2d, 6s

CWc— l8t,7B.1894 *113>4

78
Sdmortg. (360), 78
78
2d, guar. (188),

1920
1897 120
Erie— l8t, extended, 7b
1919 111
2d, extended, Ss
4i«s
1923 lom
3d, extended,
1920
4th, extended. .'>a
103
1888
5th, 78
1920
1st. cons., fd. coup., 78
105
Ifl08
Reorg., Ist lien, 68
1916 '1351s
B. N.Y.A E.-lst, 7s
N. Y. L. E. A W.— Col. tr., 6sl922
90
Bnff. A 8. W.— Mortg. 68.... 1908

Illinois Central— lat, gold, 48. l"*^!
1951
101 14
let, gold, 31S8

113
123 1« 125
Lonis. AMo.BiTer— l8t78..1900 118

2d 78

A

iBt mortg., 6s

Evan.

102

A Oregon— 1st,

Cal.
Cal.

Ask.

Bid.

106>3 1071a Pacific RR.-Central Pacific—
118
G0I.I lionis, 68
1895
1890
Gold bonds, «8
Gold bonds, 68
...1897

99

Ohes. A O.— 68. Kold, ser. A. ..1908
Chee. O. & So. WeBt.-2d 6e...l911
1893
Cailoago & Alton— iBt, 7b
1903
BlnSneftuid, 6e
Bt. L. Jacks.A
Ist, guar. (564),

Bay C. A Alp.-lst, 6. ...1913
Tenn. Va. A Ga.— Ist, 7s. ..1900
1930
Dlvifllonal 58
E.
W. of Alabama—
1926
Ist, cons., gold, 6s
N.— S.f., deb., 6». ..1921
Elii. C.
E.

SECURITIEB.

Ask.

Bid.

Det.

(Slock

Beecli Creck-lBt gold. 48
Bidt. & Onio-lst 6%, Park
6b. gold

SECURITIEB.

Ask.

79
71 '8

—

23

19

65

68

HUeuaudoah Valley— Inc. 6H..lt)23

Free
CIn.

I<lat.

A Bpr.— lht,C.C.C.Ar.,78

1901
1 89
lolls
1888 101
Pitts.B'way— Cone.7s.l89b 112

Cumb. A Penn.— let, 68

I12V

2d, 68

Erie

A

Graud Kap.— l8t ext

id..

7s..l8»!i

New Jersey go.— Inc. gu., Pa.. 1899
Walinsli Funded lut. bonds.. .1907
Toledo A lU. Dlv.— 78
Lake Erie Wabash
(it

Western

A St.

h.-',

— 1st niorfff.. 7s.

117 !».

.

OOIOBER

16,

BKCDRITIBa.

Biu.

BOHTON.
A T<>iixk»— lat,Ta.

Coll Tiust,
liiuid frraut,

8KCCKITIK8,
81%

fis

7s

88
100

i

Martftaire, 8»

Bnir,

Land Ki'flut. 7a ..^
,.
Oklironiia no.-ea
111!
lucoiiie 68
79
due. K. c. Weai>n-8a. 82

* Hinn— 5a Hi
K. citrM.Jo. &i;. B.-7al
K. CHyNp'a* Mem.— «a|
K.C. C'liiit. AH|iriiigf.— 6a ttd
LlUle K. 4 Ft. 8.— 7e
»:09

iVo'

£,o'ilsv.KT.itst.Ij.— lat, Oa

103

88

....

10l><

108
118

280
New79treg.Aoonp
Col. AC. M.-l«t,8B.1i>14

125
97

1804

".....

126'

Connect'g 6s, op., 1900-04
Del.

A Bound

perpetual

7a

16

»0
96

nofea, 10a

• 111

aa

100

Sda, 68

Ogdensb.A L.Oh.— Sa
Incomes
i ....
Faeblo A Ark. V»L— 78106
Bntland- lat ea
6a
-fionthem Kansas— Ra

,

t

Cbesbire, prefeireu
Chic. A East'n iniuols...!
Chic. Burl. A Nortb'n
63
Chic. A West Michigan.. } 40
Clnn. Sandusky A Cleve. I
Olevelaud A Canton
|.
Preferred
23
!

Concord
Oonneotlont Blver
Conn. A Paasampslc
Bet. Lansing A No., prat
Eastern
103

Preferred

I

Cons. 58, Ist ser.,o.,1922
Cons. 58, 2d 8er.,c.,1933
Debenture coup., 1893.
I8V1
Conv., 78. K. C, 1893...
8
Deferred incomes, cp...
Phll.Wil.A Bait.—48,tr.ot

Worcester...

Ocdensb

L.

Preferred...

178
120

41

J.,

Biunmlt Branc
Wisconsin Col tral

8

8>a
IB-a

16

Preferred
Worcester Nasi-'aA Kocb.

36

)

8>«

9V

lat preferred

(O-a

8d preferred
Delaware A Bound Brook
Kaat Pennsylvania
Klmira A Williaraspori...
Broad Top

Preferred
I*high Valley
Little Schuylkill
Mlnehlll A Scb. Haven..
Naaqnehoning Valley...
Mortnern Central

47

HO

48
40
60
{

60

«

105
98'!.

64r,

66
67
64

"a

86
76

73
64

Pannaylvania

Philadelphia A Erie
Phlla. Oer. A Norriatown

Sl>a'

27

Newtown A N.Y.
A Reading
Wilm.A Bait

A Pac— let, 6s,1906
Union A Tltnsv.— lst,7s

Cons. 83, gold, 1801....
Cons. 68, gold, 1908....
Ben., 4s, KOld, 1923....
Warren A F.— Ist, 7s '96
West Chester— Cons. 7s..

Per ahars.

100
100
186

75
120

•

Bid.

Aatl

Brooklyn Gaa. Light.

100

Oltlaena' oas-LlgEt ..

50

102
66
103

Bonds, 58

100
nonsolldated Gas .
71
Jersey City A Hoboken... 160
Metropolitan- Bonds
116
Mutual (N. Y.)
90
Bonds, 68
100
N fcssau (Bklyn.)
86
Scrip
96

COM PAN'S [Bid. Aak
National
'100
N. Y. Kqnlt.;I60
N.Y. Fire.. 80
Niagara
15o
.Vorth Blreri 90
Paelflc
I7i»

Park

Coopw

Pet'r

70
170

80
68

People'a

Phenlx

105
I6S
99
170
10*
180

M

180
108
83
160
110
76

80
70
100
86

Rntger'a.... 186
Standard.... 102
Sterling
65
Stnyreaant 110
United at'ea 140
Weatobeater 130

126
160
ISO

147

WUllamab'g. 360

380

72

in
93
103
67
100

A 00., Brokers, 49 Wall Otwt.)
GAS COMPANIES.

P'ople'a (Bklyn.)

wmiamabnrg

Bonds, 6s
Mstropolitan (Bklya.)
Municipal- Bond», 7b..
Falton Mnuicipal
Bend', 6a
KqoitablA
Bonda, Oa

RR. Qaotatlong by H. L. Qb&nt, Broker,

14i5

rcker 8t.A Fnlt.F.—Stk

D. D. E. B.

lat mort.,7s, 1900
7 1 h A v.— sfk .
1st mort., 58, 1901
2ii mort., 68, 1U14
B*way Hnrface lids. guar.
Bonds guar., 58, IIKIC
•{rooklyn Citv—stock
1st mort., .'is. 1902

K.l{hth
Scrip, 6s, 1914

Broadway.]

A B.— ^ortp, 6s:104
A v.—Stock
UO

A

106
42.1 A Gr'nd St. F'ry—Stk 200
Ist mort., 7s, 898
112
42dSt. Manh. A St. N_ATe 33
l8t mort., 8s, 1910
108
3d mort., income, tie
69
a.]a8t.w.st.AP.P'v-8tk. 166
1st mort., 7s, 1894
110
flnth Ave
107

8klyn. CroHStowTi—Htock
1st mort., 78, 1888

Sioond Av.— stock
1st mort.. e-". 1910
Oonsoi., 7s, 1888
SltthAv.—stock
lit raon.,7B, 1890
Thl'd Av—8"v>»
Bonds, 7b, 1890
Twdnty-:h)io >i.— -.(tock..
Ut mo -.,78, 1893

8.1.

128
80

Cons., 7s, reg., 1911
Pennsylv.— 8s, cp.. 1910.

Nav.— l8t,6s,rg.
3d, 8s, reg.. 1907....

Schnylk.

40^

BAL,TI!nORK.
RAILR'D STOCKS.tPar

60

RAILROAD BONDS.

2ds

IstBs
Kan. City
1st

2da
Sds

128
1U6
101
175

110
SSQ
106
210
112

107
168
110
310
117

42
109>t

63
160
113
111
12s
107

laB**
,116

810
107
1220
1114

42
109
81

II

es
«4
so

A West. RR.. 1st M.
Postal Telegraph— 1st, 6s.
Borne A Decatur, IstM.. 8s
St. Louts Ft. S. « Wlch
St. Paul B.A Or. Tr.. lat 68
Tol. A. A. A N. Mich
121
16
104
4<)

16

mort.™

101

104

1st moit

100
8
100
16
87

Bid.

Pitts.

4

A Omaha..

SECURITIES.

Keelv Motor
Mexican National tr. rec
1st mortgage, tr. rec
Mex. Nat.(;oUBtruct'n Co.
N.Y.C.A St.L.,lBtM.wh.ls
N. Y. City A Northern...
N. Y. W. Sh. A B.-Stock
3
North. Pac.— Div, bauds. 100
2dB
iOceau Steam.Co.,lat guar. 101
;Orange Belt 1st
Pensacola A Atlantic

11

U.S. Electric i.lght

Utah Central.— lat.
V.cksb.A Meridian
Pref
let

mort

3d mort
Incomes............

Wi^stVs.

RR.— lBt,'68..

IB

WoBtoin Nat. Bank
West N. Car.-Con. M...

89

Wisconsin Central

104

M

30

101

M
M

Boston Banks.—Following are the totals of the Boston bank 8:

ColumbtaA Ureenv.— lata

Loans.

1887.

A

J.
1900, A.
gold.1900, J.AJ....
Series A
Series B
PIttab.ACon'ells.— 7sJAJ

L.T'ndera. Depoalta.'

Specie.

•

*

•

8ep.:4 137.290,000; 9,942.800
Oot. I 13S,>'98,900 10,187,800
• 8 137,091,6001 9,74i,0O0
.

133
.116

Fkiladelphia Banks.
1887.

A Aug.-6s

Last prtoe tbls week.

,

13
100
42

Ohio....

1st pref
2d pref

A Aug.- Ist,.
Oln. Wash. A Bait.— lata.

7s

Debentures
98
Brooklyn Elev'd— stock.. 37
107
1st mort
2d mort
78
Bnir. N. Y. A Phlla.,
S
Pref
7
TruBt bonds, 8a
36
Cape Fear A Yad.Val., lat 90
Ches. AO.. ser. B.ilef. sctip
Chic. Santa Pe A Cal. 6a
Dul. S. Shore A At.— Stk.

Kanawha A

2d

AO

T.A West.- Stk.

Best. H.

Henderson Bridge— Stock

—

6s,
68,
6s,
6s,

73
90
118
100
26

1st 6s

60

Atlanta A Charl.— lat
Inc
Baltimore A Ohio 4s
Cen. Ohio.- 8s, l8t,M.AS.

2ds
No. Central—4 >3S, J.

,Ask

70
85

East A West RR. of Ala
Kdlson Electric Light
Eqult. Gas Co. of N. Y...
Georgia Pac.—Stock......

..60

Western Maryland

Bid.

Pref

1st pref......

3d pref
Parkersburg Br

SnCURITIES.
Amer. Tel. A Cable Co....
AtKn, A Char.— Stock

A Char. Air L.. 1st. 78 117
At.APao.-l8tM,C.D.o d88

A Del.— lst,6s,1886 80
Lehigh Nav.—4 '•.s, 1914. 108 <a 108
116
Mort. RR., reg., 1897 ..

WU. A Weiaon—6s

i

l-O

Atl.

Ches.

46 '1 Wllm.C.

I

to*

flt'a«l3I0

Unlisted Securities.— Quotations from both Exchange*:

W.Md.— 6B,3d,guar.jr.AJ

Prel...

IM
137

W.Jersey— 1 st, 68, cp.,'96

8s

OANAL STOCKS.

96

1922
OJnt. Pk. N.& R. Kiv.-Stk
Consol., 7s, 1902
Oarlst'phr&iotii st— Stk.
Bonds, 7s, 1898
Ill
Ory Dk. J5.B. A Bat'v—Stk 145
lat mort.. 7s, 1893
IllO

Union RR.— lst,rua.JAJ
Canton endorsed
Virginia A Tenn.— 6a

United N. J.Companiea.. 212
Waat Jersey
68
West Jersey A Atlantic. 60

Knlckerb'kr 86

by Gbo. H. Pbimtibs

O \8 COMPANIS8.

ist mort.,

l8t Inc., 6s, 1931.

Hi

3.

North PeunHylvauU

32
66 >s

70
120
2V0

Bnsbw'k Av. (Bklnj- Sfk
O mtral CroBstown— stk..

Charl. Col.

18

mird

Oaa and City aaliroad Slaeka aad Baada.
<aa Quotations

[

ir'd way

Tex.

Central Ohio— Com
Pref

Preferred

Oktawlsaa

Aak.

lelTeraon
110
Kings Co.... 200

eo
80
80
MonUak.... 70
Nassau
140

(City
I

Atlanta A Charlotte.
Baltimore A Ohio ...100 110>s

FHII.ADfcl.PHIA.

RAILROAD STOCKS.
N.Y. A PhiL.ass.pd.
Preferred
Camden A Atlantiv
Bnir.

-ttateotM.r. '110

iVaderaan'a 103

1224

CANAL BONDS.

Old Colony.
1177
Portland sac^ A Portam. 116
Ports, at. Fa IS A Con'y.
Bntland
!i

60

Meohanlca'

1st, 7s, 1899
Cons. 88, 1909

Champlain

141

138

H40on4
230
H'loeALaath 146

23

126
138

1.10

Merchanta'.

12
W.JerseyAAtl.— lst,6s,C. 105
86 >a 35^ Western Penn.—6b, coup. 1U3
100 107
no's
6s, P. B., 1896
144
6s, reg., 1923

Preferred

Horthem
HorwichA

..

Mercantile..

nmted N. J.— Cons.6s,'94

36

146
132

250
70
130

112
Hanover..,. 110

103

Consol., 68, 1905

.

A Lawrence.
Mexican Central
ZC. T. A New KngLand...

t

Hamilton

Lafayette...

A Potts.— 7s
Sunbury A Erie— 1st, 7s.
Sunb. Haz. A W.— 1st, Ss

88

Bid.

Greenwich.. 220
Guardian ... 60

Long Island

103 Vt .ShamokinV.

Manchester

• £x.dlTldeiul.

CO IT PAN'S.

Manufc.AB

s,op.

2d, 68.1938
Sunb.ALewlst'n 78.C,.'96
Syr.Oen.A Com.— Ist, 7s.

IM

iVi'

Home

117

ASt.L.— 7s

IPO

'5

Maine Central

do

''aaaao

17B

Paepla'a. ... 176
Piianix
118
{apnbll« . ..
n'..Mlch«laa.
7th Ward... iVi'

few York .. 30S
7nlt«l
Inaaranee Staek Uat.

f

Cons., 78, reg., 1911
Cons., 7s, coup., 1911 ..
Cons., 6s, g.. 1.R.C.1911
Imp., 68, g., coup., 1897
Oen., 68, g., couj)., 1908
Gen., 78, coup., 1908
Income, 78, coup., 1898
Conv. Ailj. Scrip, '85-89

Pitts. Cin.

Preferred
126
Fltchbarg, pref
Vi
Flint A Pere Marquette.
Preferred
Iowa Falls A Sioux City.
Kan. C. CHu. A Sprlngf'd
Kan. City Ft. s. A Oiilf .. I 68>
Pref en-ed
K. C. Meiiipb. A Blrm. ..[
Kan. C. sprlngf. A Mem.{{
Little Rock A Ft. Smith.
Ixmlav. Ev. A St. Louis.

Bohuylkill Na\igalion....

147^

,

r"

tec

Howard

Cons., e8,conp.,1906...

Atcblson <t Topeka
Boston (& Albany
Boston A Lowell....
Boston A Maine
Boston A Providence
Boston Con. A M.. pref..
Boaton Revere B. A I,yQn
California sonthern
i'ii
Central of MaHsacbuaetts; 18 ^a
Preferred
35

Par*

210

106'

IM

[Qnotetlona by B. 8. Ballay, t<i Ptna Bt.]

C—

'

series

lAhtgh Navigation

ISS

US

Vannaota'. 188
V'rab'U'Bz. 110
Vatropollfa

OOMPAN'8

US',
Cons., 6s, reg., 1919
96 <«
4iaH, Trust Loau
ibs"
93
Pa. A N. Y.
7s, 1896
80
7,1906
;oo 101
Perkiomen— 1 st, 68,cp.'87
94
<
Pbil.AErle— lst,7s,cp.'88
46
Cons., 68, 1920
111
Cons., 68, 1920
92>i
Phlla. Newt. A N.Y.— 1st
Phil. A R.— lst,6s,1910..
126
166
3d, 7s, coup. A reg., 1893

Texas Div'isiou—6a.

A

Folton

.Ilia

if aohanlea'
<'oha'ATra' u'i'
Ksroaotlla.. 146

,

146

1161a

KanhatUa..
<arkat

I

aa
06

I

Incomes
€lonora— 7a
Wisconsin Cent. -Ist ser.

Preferred

Bxob.. 190"
Baal River. 128
11th Ward. ISO
nitliATe..
25
Firai
1600

«.r. Coaatf|200
ltf|2
t.T. Nat.m
Xlnth
1.10
V. Amenoa. 120
torth RiT«r. \M
inantal
I8S
Psfltflo
166

Lsathar M(a' 19)
170
136

—

I

»100

ConBolUlated 6a

Hantingd'n

Oontliienlal

wiSTornsss:

3!0

17.1

fn.ATradV

Uom

F.>arth

..

fmn*

II7I1

H. Y. A M. Eugland-7a..

A

164

.

(Iraanwiob
flanovar

99','l«o

No. Penn.-2d, 7s, 1896..
Oeu.,7s, 1903
Debenture 6s, reg
188
Norfolk A West.— Oen.,es
N. R.DiT.,Ist, 6S.1933
N. Y. Pbil.A Nor.— 1st, 6b
Inc.,8B, 1933
'10UA<
Oil Ci-eek— lat, 6s, oonp..
43
Pennsylv.—
Oen., 6s, reg. 131
117
130
Gen. ,8s, op., 1910
106

K.Hei.A So.Pao.— 7»

STOCKS

Oommeroe

lis

l8t,6B,G.AR.,'98
3d, 7b, reg.,1910
Cons. 68, C.A R., 192S..

:.

Debenture, los

3IS
}<00
I3H
HOO

...

TX

.. ..

ritrflald
/O.)
(Itnn'D Ala.. 113
Oarmanla. .. 'ion

'^.

H.AB.T.— lst,7s,g.,1890
Cons. 5s, 1895
64^ IthacaAAth.-lst,Kld.,7s
I*h.V

2Y6"

Ohaae

nuiatin

:J107

98

Income
Coupon

180
148

Obamloal...
UtUsena'...
Olty

l.lat.

'BaHVC

Br.— lBt,7s

Duluth Short L.. 1st. 6s.
Uast Penn.— lst,7s, 1888 100
RastonAAmb'y—6s, 1830 114
Bl.AWm8p-t-lst,6s, 1910 118
6s,

176
Am. Rich
143
Broadway
26S
Sntoha'A br 164
Oantral

Chatham
,

Harrisb'g- lst,6s, 1883..

04

31
104

llt>>a

Cons., 6 p.

loe

1935, 6a
Hextottii Central—is
Bond aortp

do

KO

|Catawls»a— 1 at, 7a, eon. 0.

811

SO
lUO

Aaaartea..

107

82
188
118
116

K.C. Moniph.

lie
110

R.Y.A Phil.-ln,ea

2rt,8«,

liOCBl Secarltlea,

Baah NtMk

i08

A Amboy —6a, 0.
Mort.,U8. 1HH9
Cam. A At:.— lat,7a,g.,'98
Cam.

80

A

Phila.
Phlla.
Phlla.

O.K. Mide-Certs.

lat,Tr. 6a, 1933

Incomea
48
.,
CoDB. Vermont, 5a
Xaat'rn, Mahh.— 6b, naw..
From.Klk H.A.Mo.V.-6a..
K. C Fort Scott A O.—7a 113
K. City LawT. A Ho.-8a.. lia'a

3d

A

Cons. m. 4h., 1837
Beu-s Uap— lst,7a, 1898
lat,ea,180S
Oon.,ea,191S

4a

6a,

*lleHh. Val.-7 8.10a, '98
7a, K. axt.,lB10
Inc. 7s, end., oonp., '94
Bait.

106

Truat, OS
ilnr.<ftMo.lnN«b.-Kz't,()B 116
8a non-exumpt
lOJ

SAiuurt
Mar. H. A Ont.— 1808,

Mew Vork

"Ennrr tn:

Belvld'e Del.— lat.Hs,1903

Mort/rue, 4 •«•...

605

Bid.

RAILROAD BONDS.

118

Pl»ln, Sh

S

.

THE OHBONIOLE.

1887,J

qaotttlong In Upgion, PhlladelphU and Balttmor

Atoh.

.

.

.

110

120
120
Ill's

131

Loans.
86.488,100

8

87,348.600

87, 1 9.^,800

•

2,616.100 I00,6i4,400 8,842.000
2,6V2.10O 10:,>^2tt,90U 8,6 17.500
2,652,200 103.6)0,800 8,763.0 JO

Agg.onwa
834tT.618
74.rie.4«3
88,*06.<64

—The totals have been as follows:

Lawful Mon'y Depoalta.*

•
Sept. 24
1
Del.

Clrcnla'n.

23.714.700
24.366,900
24.046.800

'laolndlBc tlM itaa " doe to otkai

Clrcnla'B

Agg.cran.

•

S

86.680.200
8S,S83,860
8S,»74,000

3.383.7S0
t.380,660

80.43«.1SO

3.3«7.7.%«

86.1

»«,8I2.M«

ia74S

.

.

.

.

.

1

THE CHRONICLE.

506
Hew York

City Banks.

—The following statement snows the

condition of the Associated

wppb

.

.

prifline

October

8,

Banks

of

New York

fVoL.
Latest Earnings Seported.

EOADS.

City for the

Weekor Ho

1887.

1886.

Jan. 1

XLV,

Latest Date.

10

1887.

1886.

1887:
(ft

Average

Bank:

Loang and

I

*

Mer^ hants'
UechanlCB*

P.890.000: 1,910.000
}.C2•^, 00 l,B09.:oo
7.908.000] 1.290,000
10,747. 00 2.327.400

City

Tradesmen's
Fnltoi]

Chemical
Merci ft* V\' Exch.
Gallatin Natio al.
Bntcliers* & Drov.
Hecbauics' & Tra.

Greenwich
lieather Manufra.
Seventh Ward

State of N. Y
Americ'n Exch'ge.

Commerce
Broadway

3,179,100

1,'^8 .COO
IS.SBS.t^OO

S 7.700
6,910.500

336,.'>00

»,17».600

esesoo

6..S00.100

70-'.500

l.SBO/OO

Pacific

North America
Hanover.
Irving

16.508 000
I7.38«,30

2 S»P,"00

722 000

l,341,l-00
2.9sn.:'00
13.61I6.00

2,7:9,800
1,058,800

905.711

11.732,900

279,-.'O0

6.271, hO

l,OH0,l)O'

400.HO0
191,000

6.717.800
2,774,«00
8,254.700

.S6<,-00

3,266.100
4S4.000
463,000

2,794,300
2.458.200
2,S68,6lO

Naasaa
Harkec
Bt. NIchr-las

Com Exchange ...
Continental
Oriental
Importers' <ft Trad.

6ro 4.491,400

17,6«4,100
2.099.800

6,034.310
98,100

1.0!J7,00n

2n5.70i>

"i'.bon
637,.'i00

44,200
1,011,900

First National

Bowery

N.Y. County
German-Americ'n
Chase N atlonal

Kfth Avenue
German Exch'nge.

Germania
United States
Lincoln
Garfield

FilU National
B'k of the Metrop.
WestSlde
Seaboard
National....

Western National.

46,00el

889,200
42,200
44,000

4,325,-01)

2.483,P00
3 214.600
11.916,700
2 778,( 00
2,964,300
2,780 400

181,600
165,P0O
Si 1.300
103,900
74.400
297,000
266,0011

46,000
40,700
45,000

2,7'^8,40fl

446,200

1.737,200
3,10^,000

446^600

4,919,601
"46',006

6,10\500

572,400
844.200
1,076,400

l,^60,10ll

978,400
39,t00

19,90-!>00
21,423,200
2,035.300
1,032.700
18,097,000
8,646 000
4.231,000
4,929.10"
13.629,P00

4.56,700

115.800
83,300

7,7.S4,000

Third National
N.Y.Nat. Exch...

627.2(10

262,000

l.itft.'OO

17.200.000

..

4.29.

81,000
360.000
45,000
41,000
46,000
437,300

1,142.300
2,270.100
2,001.100

Late$t

Samingt

BOADS.
Weekorllo

'eY.ioo

3,681, ,'0

3,112,700
2,044,100
1,604,000
4.211.400
3,183.200
2.116,4i'0

2 160.400
3,643,200

46,000
43,K00
45,000
132,300
42,600
178,000

8,189.400

*

8.

F

& Pac 1st wk Oct
& Potomac August

Brunsw'k&Wcst August

tCamden

& Atl'c

I

862,373

I

Oct

1,995,460
1,058,260
2,019,056

Oct]

Sep
Oct
Oct

483,547
510,592
440,963
7,258,786
160,244

August

3,491,132
9i 9,698
6,634,220
6,491,405
312,62 (

Central Iowa.. Septiiub'r.
Cenlralof N. J
\Uiru8t
Central Paclflc- July

& 8av August

Chesap. & Ohio. Septcmb'r.
KlU.J.«x.*K.K Augd.st
Ches. O. & 8. W. Scpteinb'r.
Cliic.

A

Atlaiiti(

Chic. Burl.

CWc. Bur.
Chic

ic

l.st

& No
& CJ..

KaMt.

580,350
1,186,030
1,202,2)1

wk Oct

.\ugust

Iht
Chic.
Ind.Coal 1st
Chic, Mil. cSSt.P Ist

A

3,025,i:85

August

Ill

Latett Date.

1,162,095
11,047,580
723,275

I

Canadian Pacific let wk Oct
Cp.F'rAYad.Val Septcmb'r
Carolina Cent .. Augu,st
Central of Geo.. August

Cliarleal'n

to

1886.

Atlantic

Butt.N.V,& Phil, 1st wk
Baff.Roch.&Pltt 1st wk
Bar.Ced.R.&No. 4th wk
Cairo V. A ClUc. Ist wk
CaL Southern... l8i wk

to

1

S

Atlanta&Char.. Au(;ust
Bait.

from Jan.

Jan. 1

!

Seittemb'r.

.

Reported.

totals

wk Oct
wkOet

16,602,275
1,317,833

Oct

17,822/-86
15,254,568
3,471,052

wk

,

Chic.Ht.l'.M.AO.
Chic. AW. Mich
Oln.Ind.8t.L.&C.
Cin.Jiiok,&M.icli
Cm. N. O. aT.P,
Ala Ut. South
N, Orl. A N. E.

.-Vugu-t -Ist
Oct

3,682,58-i

wk
wk Oct
wk Sep
4tb wk Sepi

1,060,9 86

1st
Ith

4th

wk

Itli

wk Sepi

1,C55,3()4
2911,219

2,048.561

Sep'

829,-2i
422,063
343,457

Vicksb. A Mer. 4tliwkSep
VloKs. Bh. A I'. 4th wk Sep

:-il2,071

wkScp
wk Octi
01n.V.Beb.ABalt Lit wk Oct
Clev.AkronAOol 4th wk .Sep
ErlanRer 8vst,

4tli

3,955,775
286,6 4
1,494.582

C31n.Klch.&Ft.W. 1st
Clev.

A

404,<J63

CaiiK.n, Septi-mb'r.

'262,(ill

Clev.Col.C.A Ind Scpiciut'r.
Clev. A Ma^i(^tta 1st
Ool. A Clu. Mid. list
}

And branches.

l8t

wkOct

Septe nb'r.
Septemb'r.

W

August

...

K.C.Ft.8.A6ull. 4th wk Sep
Kin. C. 8p. A M. 4th wk Sep
Km. C. (;i. A8p. 4th wk Sep
Kentucky Cent. August
KbuKuk A West. 4th wk Sep
Kiugftou A Pern Ist wk Oct

LakeE.AWest.. Ist wk Oct
Lehigh A Hudson Set temb'r.
R ok A Mem 4tliwk Sep

L.

i»i wk Oct
Louis. t,v.ASt.L. 14th wk Sep
Lonlsv.ANashv. l8t wk Oct
Lou.N.Al.AChio. 1st wk Oct

Long Island

Louisv.N.O. AT, Septemb'r,
Mar. Col. A No. Septemb'r,

Mar.Hough.A O
Memphis AChas

wk Oct
wk Sep
st wk Oct

Ist

4tli
1

3,002,575
20»,943

wk Oct

wk Oct

240,07,S

mi.

43,000
20,676
15 378
157.577
4,446
17,994
49.352
22,914
13,576
120,5n7
51.2,^9

407,851
42.073
299.645
13.200
81,300
.55,900

Mmn.ANo.West 4ihwkSep
M1S8. ATenn. .. Septemb'r,

65.717
15,243
37,877
22.659
69,630
65,362
6,149
108,069
8,862
3,705
44,032
17,497
28,823
77,324
20,793

345,020
48,890
181,248
6,611
29,921
3!,977
83,000
129,736
67,515
20,3 s2
10^.900
64,069
39.785
230,714

Mobile A Ohio. Septemb'r.
Nasli.Ch.ASt.L. Septemii'r. •270.14
N.Y.Cen.AH.R.. Se)iti-mb'r, 3,400,481
N.Y. City A No. Wk Oct. 8.
11,358
cN.Y. L. E. A
August
1,789,759
N.Y.Penn.A O. August ..
604,288
N.Y.ANewEiig August...
393,854
N.Y.Ont.A W... 1st wk Oct
31,443
N.Y.Phil ANorf, August..
40,287
N.Y. Sus. A W.. August..
131,474
Norfolk A West Ist wk Oct
9S,23S
N'tUeastrn(S.C.) August
32,373
Northern Cent'i. August
60S,6i8
Northern Pacillc 1st wk Oct 330,ft2i
Ohio AMlsa
Ist wk Oct
106,557
Ohio Rlvor
1st wk Oct
11,805
Ohio Southern Septemb'r.
52,882
Oregon Imp. Co. August..
428.1(13
Oreg. R.A N. Co. August..
422,776
Pennsylvania... August..
5,022,012
Peoria Dec. AEv. 1 st wk Oct
16,557
Petersburg
27,589
August
Phila. A Erie.... August...
381,051
IPhila. A Rcad'g August... 2,055,764
Coal A Iron Co August .. 1,979,716
Pitts. A West'rn Ist wk Oct
41,938
F'rtEoyalAAiig. August .
15,994
Rich.Ter. Co.—.
Biohm. A Dan. Septemb'r
471,800
Va.Midl'd Div, Sepiemb'r.
151,'20(J
6ii,600
Char.Col.AAu. Septemb'r
Col.AGr.Dlv..|8uplcmb'r
45,300
We8t.No.C.Dlv SeptemU'r
70,900
Wash.O. AW.. Sei.temb'r
18,200
Ashv. A Spar., Septemb'r.
9,200
Rich. APetersbg. August
19,131
Rome W. A Oir. Angus'
317,- 25'
St. L Alton AT. H 3dwk Sept
3 i,64
Branches
Ist wk Oct
23,270
8t.L. Ark.ATex. 1st wk Oct
91,760
Bt.L.A8an.Fran. let wk Oci
130,626
Sli.PaulADulutb ItliwkSep
59,530
St.P.Min.AMan, Septemb'r. 847,800
Scioto Valle.v.., August
78,58
Seab'rdA Roan. .August ..
44,599
Shenandoah Val. Septemb'r.
94,001
South Carolina. August ..
86,72fc

W

.

.

I

So. Pii:

itlc

Co.—

221.604 1,947,715
16 .',291 5,921,818
90,556
8.0,801)
19,369
363,864
86-<,9 5
22,615
8,570
266,761
122,495 3,718,692
4,(185
18 i,!i81
651,;i66
13,692
43,068 1,9 2,0.-)4
l:o,969
746,161
11,037
48 s, 145
87,715
855,;425
4.'!, 4 12
1,801 919
387.31 13,399,(115
25, -20

216,192
79,6S2
970.10ii
16,63-*

102,'2<5

71,160
190,033
1,160.133
72,103
13,178
38.509
18,850
64,4 ol

39,983
6,110
92,580
7,446
3,162

311,8711

1,615.006
4,9 2,9-18

747,260
160,666
915.348
2 '3,24»
2,981,603
115,493
58><,959

1,616,062

673,983
2i4,895
.163,575

1.528,775
12,436,294

1, '"06.010

206.'296
1,497,5 -3

1.856,6.58
8,1214,738

7,486,482

1,86.3,40 J

92,804
596.8 rS'2
469,7 ;5
1.159,355
9,289,135
2,003,247

126 06*
676,729
441.675
1,244 470

309,278
311,482
1,977.235
1,495, 196

305,137
160,673
1,788,304
1,071,415

187,806
672,378
231,038

577,985
220,389

8.730,953
1.932,225

l(!8,9u9

39,->62

1,550,012 1,315,537
18,696
181,1''7
1.57.300
17,1'7
562,010
483,391
66,586 2,603,652 2,4-22,390
20,050
72 ,041
616,376
303,130 ll,H02,fi89 10,34.5,315
42,188 l,707,84n 1,38-<,112
126,656 1,351,501 1,087,201
3,090
43,495
30,021
837,027
804,210
30,9!47 1,174,6 2
930,524
65,103 3,513,174 2,755,87*
137,883 l,-245,258 l,'27l,760
57.913 2,53 4,190 1,748,715
12,806
717,316
472,534
126,882
941.553
933,045
967,2H1
323,,".40
17,839
32.071
310,1781
262,388
174,356 1,714,.596| 1,4*8,244
223,311 2,235.785' 1,743.81*6
3,058.548 26,237,725:23,629,760
12,473
441,664
419.243
1,659,120 13,064,888' 11,779,098
577,317| 3,960,721! 3,992,666
379,5431 2,691,01)9] 2,515,873
27,569 1,186.404 1,038,848
32,369
346,033
281,365
94,846!
867, 140!
696,474
81,431| 3,075,052 2,375,473
29,783
345,196
346,650
502,027 4,2'2ti,r57 3,533,889
343,1-8 9,631,345 0.02i4,892
98,612 3,132,945 2,936,121
5,215
225,973
143,891
53,101
411,489
360,943
317,015 2,608,988 1,858,172
460,081 3,104,059 3,213,275
4,583,390 36,047,106 32,192,231
;
18,229
651,071
610,198
237.199
25,837
245,057
349,521 2,632,428 2,340.728
1,801,207 14,034,919 12,360,227
l,501,421!ll,404,'201 9,229.660
33,1981 1,.500,509 1,158,501
21,408'
202,428
195,450

365,397
163,800
61,380
41,846
60,366
16,300
7.900
17,337
307,972
29,106
18,697
41.556
117,137
64,837
819,799
69,749
31,209
85,221
76,525

3,102,983
l,19l,i>77

564,347
357,689
519,746
92,300
47,316
152,-221
2,(i20,601
981.y0'J
688.91,-

1,789,442
4,476.724

2,872,382
1,136,650

539,006
414,241
392.766
84,2t0
29,487
138,912
1,802,891

874,010
564,873
1,232,158
3..'-08.481

5,608,187
501,93(

1,032.800
4,966.607
425,709

648,473
694,181

533,331
672,315

"?31,856

2,090,461

1,701,771

54,723
309,08a
14,479

531,!I00

411,990

2,579,069

2.559,(50

1,170,58,1

I

GalHarAS.A August

...

Louis'a Wesi

August
Morgan's LAT Auuust
N, Y.T. A Me.\. Augui-t. .
Tex. AN. Orl. Augdst ...
Atlan'c sysi'u; \ugast
Paoihc system August
Total
August ...
Statenls.Rap.Ti August
Texas A I'acitic Septeinb r
Tol.A.A.AN.M'h 1st wk Oct
Tol. A Ohio Cent. IstwkOct
.

Chic. AN'thw'n A.uguat
Chlc.Ht.L.APiit). .Septcmb'r.
Chic St. P. A- K.I Id wk Sept

120,0(10

Tot. lowallUHH Senteinb'r.
150.400
Total aU lines. Septemii'r. 1,18 4,043

Ind. Bloora.A W,
lad. III. A I .w,a
Ind Dec. A Spr.
Jack. T. A K.

.

a.»16S00

1887,

Allegheny V»l.. Angnst
Atch. T.

and the

Cedar F.&Min. •-^ept -uib'r.
Dub.ASiouxC. Sei'temb'r,
la. Falls AS. C. iSeptemb'r.

Minneap.ASt. L. August

180,000

261,689
1« 1,000

83,0 1!
ni.Oent.(ni.ASii) Septeiuii'r. 1,033,600

223.80,1

RAILROAD EARNINGS.
The latest railroad earnings
latest date are given below.

GultCol. AS. Fe, Septcmb'r.
aoaa.ATex.Cent 4th wk Sep

201,600

2.329.H0I1

6.141,300
3,574.700
2.840,000

1

•Meictnan Cent'i.
•Mex.N. (alUus) Septemb'r.
MU.L.Sh.A West. lirt wk Ool
Milwaukee A Nc Ist wk Oct

600

348,188,700 74,974,500 20,731,800 350,374,200

.

90,000

.

2.919,.',0I

602,2iKi

wk Oct

F;lnt A P. Maro. Ist wk cict
Fla.R. & Sav.Co. (til wk Sep

Grand Trunk
Wk. Oct,
On.BavW.ASt.P A ugust

147,P01

263.700
87,400
236,300

0(it

Ft.W.ADeu.City 4tb wk Sep
Georgia Pacillc.. Scpiemli'r.
Or. Rap. Alnd.. Ist wk O.t

241,:^00

266.1^00

wk

9o',oo6

2,070(00

000

3.807,000 1,0(9.00
1,645.000
1)56.(100
419,000
3,361,000
784,000
4,79J,100
873.800
875,1 00
19,300,800 4,294.901 1,140,400
226.' 00
4,445,200
817.300
1.366.100
16»,000
134.000
420.k00
2,288.600
176.100
2,2fi7.800
685,400
177.100
3.696.300
497,600
46,700
6.7tl»,700 1,496,000
181,301
860,fi00
t<1.5fl0
3,509,300
111,300
2,223.100
461,600
2,B58.t':00
197,100
268,7011
3,400,000 1,133,100
34,400
2,478.800
661,200
166,400
1,911,400
309,100
137 000
l,82,'>,900
42;>.S00
186.800
929,700
8,897.900
217,700
l,930,'2OO
223 000
325,300
1,927.000
369.(00
182,60
1.880,000
643,000
82,( 00
6,774,600
338,600
742,200

..

Total

83.S.100

230,600

1.811. lOU
17,9.'V2

Centra] National..

Second Natio al
Ninth National

793,900
274,100
649,000
651.600

.P0f>.900

1

Park
North River
Xast River
Fourth National

2',i8,300

2.P2P,000
6.707,100
4,327,500

Leather...

274,500; 20,57 i.600
248,2001
3,571,1110
296.' 001
3.9.M,300
84.','00
1,767.100

69. :00
laa.HOO

474.900
2,175.*- 00
781.700
878.000

isi'.boo

(

71*',000

2.t-05.(00

Citizens'

6,?75, 00
9,66ii,P00

Kvans.AInd'plls St
E/«nsv. A T. H. Ist
I

46,000

2.942.000
88 OOi
siaooo' 10,198. 00
2,".14,«00
184,500
90,6
1,296, on

i.3lo»no

1.885,200
2,716,100
1P.317.B00

—

291,000;
403.1001

45,000

1

9,620 000
7,8' 6,000

3 39V,700

4,25rt.6O0

Peoples'

10,0 0,000

2i-:<

Dol. Hook.V.AT. •Septemb'r
Denv. A Rio Or. 1st wk Oct
Uxnv. A R. G. W. St'pttMuit'r.
Det.BayC.AAlp. S ptcmb'r.
O-^t. l.rtna'gA No. Ist wk Oct
Det.Mack.AMar i-t wk Oct
E.reuu.Va.A(ia. Itliwk Sep
I

700.000
*18.000
650 HOO

347,000
69,000
126,300
497,900
Sil.fOO

2,474.S00
7 508.61)0

Bepnblio

BUtb

662.100

e.369,400
2.616.100

i

Chatham

&

3.<i78.00fl

6.494,(10"
7.34(i,600

Mercantile

Shoe

2.190.000

1.887.000
1,1*1,900
s.eiP.son

tion.

than U.S.

$

9

10 870 000

America
Phenlx

Circula-

other

7enfjUr8,

New York

Manhattan Co

Net Depoaita

Legal

Specie.

ViiCounU.

{

Amount of—

280,06
t-2,48-

339,66-.
15,73:
121,(»5J

838.991
-2,699,111
(,538,11,'

117,05.

551,047

76,64.1

686,785
20, 825

M

107,79>-

807,928
6,120,157
16,757,;i,S2

9-,82ff

625,02;
5.3110.65

U,892,M„

!,807,6il 22,878,107 20,283,174
11(>,69j
594,86
546.833
568,567 4,006, 6u6 3,96x,229
7,621
883,2 '2
263,964
1 ,688
7 74,101
,191,432

11,411
22,44)
Ith wk Sep
22.070
676,864
22,82
639,606
Union Pacltio... August... 2,536,59912,587,731 18,0..7.86 16,31-2,266
Valle.v of Ohio.. Septemb'r.
57.934
475,640
431,081
59,612;
Wab. Western... istwkOct 137,719| 130,800 4,955,-47 4.154,010
Tol P.

A West

.

I

.

Wiib. E. of Miss. July
JWcst Jersey... lAugust

A Aug.; August....
Wheeling A L. E l^t wk Oct
Wil. Col.

.

:

Wis lousmcent'lllsi wk uot
Cliio. Wis. A M.
st wk Oct
1

Mlu. 8t.C.A W.I

IstwkOct

6,18,573

231,060
49,221
14,145
43,8i 8!

11,953!
9,215;

583,601
217,918
41,044
11,1.52

30,351
6,102
7,422

3,6811,304

1,031,54

.

443.727
53H,978
1,574,508

3,.59o,899

943,415
421,883
41(1,520

1,136,793

48(1,427

380,120

263',989

Penokec
!! wk Oct
7,794
A Minn.llBt wk Oct
140,540
5.9131
224,961
4,166
f Not includlug Ceil, of N.J. la eitlier year.
; Including blanches.
* Mexican oorreacy
c Not including earnings of N. Y. P(um. & Oliio^

Wis.

.

.
.

OtnoBia

15.

1

THE CHRONICLE

1H87.J

507

ABSTRACT FROM REPORTS OF THE N ATIONAL BANKS MADE T O THE COMPTROt.r.itB AUO UHF
DtpotiU.
1887.

Loant S

Bwrphu.

Capital.

f

£i

M«lno

$
2,4U,7nS

N.lliiinpablre

1,4.')1,V7!)

Wrimml

l.aim.HH;

Bontoii

&J Ma*«M., oilier
H Klioile Uliiiid.
^ Couiiedtlcut...

l'i,377.ti<i:

7:f,;.04,:-.Hr

U.IHT,.SH4

.M. •,74 TI-

4.'2'-'l.T.M7

KI. <• rid, (H7

272. .'•!»9

4S,8.iO,iaHi

IC

-

ui4.4aMTtf

otii.
.

Virginia

Weei

Virgltila.

Total DIv.No.!)

Florida

B Alabama
MlsslHsippl...,
New Orleiing..

LoidBhuia,oth.

1 Texas
I
I

1

Arkansas

307 46,418,730

4,103
8.700

i;ii.

4i'.'BH,lU!-

5 :oiH

l«l.27»»

27,610

8.>MI9.124

161,379
144.331
262,094
42.821
207.603

1.914.5 i^U

«6.6ril

850

182,844

9..525,134

423.208
16,33£,

3'«)6',758

844,6M2
19,3gu,394
2,628,6jO

663,.'. 64

117,460
16,340
93,590
26,460
20,500
72,190

148,29.1

17,178,961

9.2»0.28:(

196.828

17,574.317
17,848.^81
106.8i7,9da

87.^,380

833.8»»
3.0i7,43t

2,034,^30
308,307

24,030,860
16.438.621

248.342
564.008

60,50.-<,759
27,135,0.'>4

2,206, 17c

6,623,>i73

136.252
577.654
375.749
308,349

f

Nevada

25.474.24.'.

48,68-'.196

4,299,79k'

1

2.5,11.220'

18.700,11.1

2,378,052
1.070,000

28,09 i!,601

503,,'JOO

10,767,218
4.729,14
18.53H.432
7.818.437

1511.000

40.000
259.016;
742,158:
150.8 >0

73

2.700.000
3.795.000
1,740,000
1,230.000
9,615,000

Z San Francisco.
S Calirornlu.otli.
5 Oregon

Washington T.

Total Dlv.No.7

10,8tfl,U63

42,649,077

Arizona
Colorado
S Idaho

^ Montana
•^ New Mexloe ..
a Utah
g Wyoming

lOO.cOO
2.690,000
360,000
1,925.000
850.000
860.000
1.075.000

Total Dlv.No.8

7,840.001)

I,

I

1,018,78(1

2,2-6.333
968,745
1,218,237
24H.212
1,124.860
1,184.944

263.162
2,532.143

136.3.^6.691

9,0u 1,340

479.13>

47.30,')

119,^29
568,687

4,591.871
12.907,788
5,212,333
3,451.331

688.516

26,64.->.4d8

94J,4T2
2.455.345
714.99'
53R.572
4.6f7.l92

433,499
497,478

10,29-',751

5.112.838
111,422,392

292.176
2.719.954
16,5uO,126
5.127.708
3.475.146
28,114,110

229.457
1.421.51

22,>547.B73

36.803,944
9.793,361
13,621,927
4.771,433
19,9il,214
8,736,720
13.069,5^0
6.760.629

7,372,.i23

10,69;i,lS8

1

153.129
15,430.273

828.000
28,981
413,950
172.736
371.000
210,368
2,126.035

1,93.5,7.5!<

60,042,504 10,470,740
35,162,63; 2.062.32
12,525,686 1,039,715
28.649,456 1.32(i.07v
3.849,262
591.045
13,140.060
7i-l,001
271,4<3.-'25 21.285.68"

700.4 H6

520 902

44,263
171,349

8.112.103
1.653,154

100..531

2.201. 70.l,718.-l6i

109,330

29,794.725

1.125.9(14

6U7,98(i

255,237

|

4|R.|iio

140,<ir>0

641 .490

I.ii98.-»MI

250,200
215,000
94,750
147.420
3.534.700

5..53I
'

201.9:40

665
S0..54I

560

47,900
110,000

16.5.53

4.6 -X,: 40

89,66u
16,420
477,840
153,260
13,000
41,900
16,190
90
8l0,i50

19i>.400
3 8,00s

4.800
518.00O
78.9^0
778,085
874,»lo 6.918,022
2t.l4,^

3 1.400 3.4 12,023
701.000

6,000
27,68v
47,149
403,280

2.981.9851,805.83!V

7.281.452
1,811,289
935.347
957.8U8

52,»ti8

27,275
3,-1

,3.57

7,9 ',0

597,686

4.126
628,344
651.117 21,065
21,06.5.399
399

35

32,')

257.-.:02

6.020

20.37..

188.5t-0

101,035
45.2J3
1H7,040
136.642
82,304
74.M5:

77.696
9.580
69,450
8.490
13,047
8,514

1.11 l.iiju

4I0J12

9,367
8,207
125,160
72,083
31.946

'4i',674

11,000
106.470
3,8^0
2,1«0
123.450

1.600,627
71,248
1,604,634
131.574
883.736

40.5)41

226,2ii2

2.43

118312

378.420

120.4.57
1.7oO.0.i3

S.O.iO

1.50.701
87.5.110

41.073

232,318
235.659
324.078
110,567
210,370
17.625

(i,37li

192,!»«
221,436
278.143

9,320

69,998
63,619
366,452!

173.-150

854,528
%18.S6S
81,060
771,221
278,838
4,766,87»

6,2'<3

?6.18il

17,072
67.06 >
172.8^3

135.408
2.328.1 2S

44,406

105,480
172.696
176.243
31.465
64.210
48.799
93,211
44,950
243,759

490

160.5431
;j0,4oo
11,883,289' 1.211.072
560,2h9!
39.139
8,329,724!
642.984;
1,719,013
89,11 B

10.40
64.230
20.770
S5.309

1

25.777
8.930
13061I)
32.531

33,140

48.334

854.263
953.570
437.320
3.5l's28.

117,153

00.340
8«.,50

10,49

6,254,1 1>5
6,068.293
7.186,861
1.393,026

57.119

;0|

71.:i23

649.310
70,000
12.010

74.64.1

74,671,50.

521

6n.-.iiO

324,9

3 44.6tl,719 42, ii!4.t)0<i

334.726
133.547
90.317

230,6^991^

Total Dlv.No.6

243, n7M
Q .221

3.431.0.4

783.777
18,629,716
2,401.060

570.600
892.881
663.481

170,I»0
668,471'
2,7-r.,lAx

3,i95.3lt5

10,62«.iS6."i

656,Ob7

44-<,41fl

23.',ii'.;0

l.4"b,-',^0

1.19!',876

1,467.457

271.1.0.1

783,140

2.724.451

4,323,487
1,634,418
6,308,282

24,163, ^48

026

»*. 01)6,

67,218.»7y

13.07O.674

I

3.6.^3.974

11)1, "07

2,027.410

3.851,43^1

6.50.000
4.426.001)

Oiiiaba

77,»81,0

22.7-nl

21-. :M!)

11

323,532
10,420.145

35.376.371
9,855,087
23,241. .569

ftli8»i>iui, otli'r

85,.574.M72
Sl.lllO.'iU

i).:i.,
111', (11

6 i4,i«i;

.

\.i-iZ:il\

4,071, HIO
10,S52,0r^^
ll?,52H,a57

10.155,000
13.635.000
3.000.000
4.100 000
2,431.200
9.150.900
2.400.000
6.933.200
3.692.500
S4,3U7.800

1.24 1,3 iH

I

1,114 l,:)7ii
135,3 10

I

895',6'l4

3,775.030
10.644.600

647 100 0,a,00u

3S.,'i03,.'jO

U<>l.W2i,l-

L",),:!

4i3.;ii2
3. 54H.il

40,0uli

14,l()1.5U0

Wlseou8lD,otb.
Total Dlv.No.5

O,^

24.7
679.690

nilnoiH, otlier.

MiohlK'Q.otlier

Jl.7L'r.l;ii,

t<.,|5.'.,i

9H.o:U.3;n

6.767.371
4.0I3.1RI

Detroit

[iidlaua

;jijl.i

4.H1 1.720
26.9.;8.991

ChlcHKO

...

(.

I

HIO
1

58,771
54.866

931,217
944,986
296.212
1.036.473
457,238
49.677
462.312
ia«.619

....

Ohio, otlier

Nebraska
Dakota

I

7l.7nn
O".! on

12.7.VI!
1

42.088
38H.472

10,225,000
6.700.000
22,501.370
H.894,!500
14.990,000

2 Kansas

J

2.90P.186

1,486,758
11,509,827

Minnesota ....
est. XxMiis
Ht. Jo.&Kan.C.

J
W

4)>6.12

Tennessee
Totol DlT.Ne.4

flowa

5

6,*6!i.3ni
776.2'
0,M3rt.8^0

2,450,812
111,»00

.

• Milwaukee
L

377,281
21S.0U8

6.:iiiii,H

60.000,
1,414,502

945.112
2,291.485

i Cleveland

^

4.033,1

LouUville .
Kentiivky, otli.

Cincinnati

a
i§
m
E
•
S

.^8H.26I
2-2,HM(l
:i'_M.Mii()

l.,^91.143

0^8

073.223,420
18.8,10,3

542,491
788.800
951.732
60.630
652.781
127.363
1,199,000
30,308

12

448,8^5
4.i>4 4,45h

71>8.35ul

7.t-61,'i5a

24,0fti.-,^45

GeorKla

j

1

3Ui,l>l>(<

3.514,4001
901, 5H1
47<t,704l

WaniiliiKton
Dist. t'ol., otli.

BuuiliCarullna

2

9.:i ,7,.Mi0
2.^ 1 1 WIS I

2.224.027

1,059 014

KO

24.741.
71.99.4.296

71,0.2.7.0j

i-i.-jTii

.;,

8.110.311
8.'.530.43l
37. >!MI,i>l9

North Carolina

g^
•;

1

.!>(i •!

111

78.3.^.'>,a0

Total Dlv.No.'.^

Delaware
i BiiUliuoro
Maryland,

jiii,(..'j,;iHi

1,750.000

a a,iifi ii,:-'-lii

5

18.562,103

533,543

gg Pouiiu., oilier

I

149.391
3J2,022

ff.f-

etrU/Wlu

t

nojimi

84.7<3.!> «'

S
E
^

9,72
724,030
h.U 2.1:5
6.41 .43H

$

<.4«III.4U

^ N. York, other
^ New JcrHoy...
S Pl>llaili-!|)lilu..
B PlitMliiiiu

•0
•9

$

ToUIUlv.No.l

f Now York city
• Allmiiy

I

eimHl*. llncVg gold o. U.
Trtantn
9t*ntrafti.) eerUfteaUt. eerll/lea&t

OMsr.

12:<,HH5
1.'>T4.«H6

.

I

18»7.

Hold

,

I

IndltUual.

V

Ooldnnd

dit-

I.

I. •144.661

1.151,946
1.770,279
1,387,000

388,034
1,207,416
901,191
334,765
334,403
8,399.694

40o
16.016
2.303
59,8i3

246,7.03

1,661

—

749
12,640

225

11,000
915,670
41,018
658,610
102,081
49,148
44.630

13.0O..

1.722,087

115.231

6.114
3,869
2,H70
1.695
3,233

2.3.%9

"7.450

48.076
18.732
19.256
13,648

3,100

1,971.965
186.417
2,499.791
251,136
27,064,629! 2.450.264

53,240!

218.0-3'

76,6.301

2,857
216,003
64,679
22,131
306,831

Totalfor U.B...l3.014 571.t<48.''llll72,348.S95 1.28.5.076,979 23.2-1.616 1.560,371,741 98,137.43>l54.274.»4o'"9.1.S6.3.^2'§.3S.47>» 82.287,342
BTATEilENT OF THB NATIONAL BANKS OF THE EESEKVE CITIEd. AND TOTALS.
I

TOTAIJ9 roK

RB«IBTI

C1TU8, Ac.

r

1^
0.

itavs.

•i«l-5

fiondfl for circulation..

123 3
100
1-4

3-7

•8

s

80 1»»
«1« 'i5-4

-8

3-0

2-6
13 8

-3

3-4

Loans
Other U. 8. bonds
Stocks, bonds, &c

Dne from banks
Beal estate
Gold coin
GoU Treasury

if9

31
cert's...

3-8

Gold Clear. House ctb.
BUrerooln and cortlfl*s
Leiral tender notes and

/

mtvt.

ResouTcet.

U. S. ctfs. of deposit..
National bank notes
ClearlnK llouse oxcb's.
Due from U. 8. Treas..
Other res ources
Totals.,

Wii'j

8-5

95 11

ID'S

r7
39-3
ir-0

83

'fl

•i-7

MWa ItlVi MWs'MWt MWt Aftt'i
319 46-9 4-0 »-B 9-3 440
7 12
•7
1-S a-1
3-e

»

-e

11

•4

•4

1-0

•»

8

-«

•8

4-3
1-5

3-9

1-8

1-6
1-0

1-4

•8

•6

-8

•8

4

•4

•«

••%

lo-s

•1

•8

35

4

a-j

a-0

1-8

•8

•6

•3

•8

•7

8

•a

a-5
2-5
5-7

•3

i-o

8

a-5

3-1

13-8

ao

-8

t

•8

•8

17

lOT »a»

10«

-»

•3

•8

3-8

-7

8

•4

•7

•6

-4

•8

«

•8

1-0

'8!

a-s

1-0

a-7

•1

•1

-3

•4

5

1-0

•8

8|

1-0

•:'

-8

-2

•1

•«

1-5

8

7-3

••

1-8

a-9

J

MUHoru. WtlNons.

714-0
38-0

...

13-2 13»-7;47-Bi 4«-6

171>

•»

J

•8

14-6

34-1
109-4

-1

•4
-4

1313

2607

-4

•1

234

33-6

1-8

•8

36-e
30-p

37

37-0
74-1
S4-8

4^ 445 23^

2
108-8 19'i

35

24-0

23'B

12»8

4

-3

7l>

•6

'8

1268

14,

ai

•-•;

9-0

11-7

27-7;

St-4
2.637-8

•8

7-8 19-3

31 19 4, 16 8

7<i

i.a49o 1.388 3
I

Capital stock

ao-v!

48-8

Surplus fund
UndlTldod proflta..

ia-4

2«a
92

Duatobanks....».
Otlier llabllitlaa....

Totals

,

ti2-3

«

LlabiUMo.

Circulation
Due to depositors..

1»7

31-4
13-T

-1

•«

•1

s

8t)i

S«»

•1

•8

.VlUlofu.

846-4 1.360-4
151 01 189-0
34-8
19-«l
34s
88-4

SO

-8

in»
I

6

41
187-33100

4-«

18

4-7

1

•5

8-7

9-8

240

3-4

1 'oi

11.*

3-9J

•8

1-6

i»-2

•ni's

«r«'<|«ni's Mil's Mil's

tt-s

••»

a-8

od

MWt

uu't mu't.
16-4 600 12 6

3-3
8-8

1-8
1-8
•S

8-S

1-0

73-0
34-5 147-8

8-3

•»

•2

aa-4 i«-«!ii-7
10-6 4-3 »-6

i-8i

a-9

!••

••7

13-0

3-8

•51

l-»

1-8

.4

-8

9
4

4-0
1-4

-4

..,

38

•4

-8

ao

-9

-0

a-4

1-6

1-8

•s

1-1

78-8 aa-i 19-3

««

10-8

a« a 1-4

3-8

8-i

1-4

•1

1

-1

•1

1^7-3 sTiTo 13-2 I37-7'47-6'40-b' 9-9'l7-«'t4l

19-8 11-81
8-«

2-8

•71

3-0

•8

-4j
•8'

l-l

•1

•8

•8

•8'

•«

48-8 10-3

4-71

381

1-4

7-8
6-5

l-»

445 23-4' IDS 2

4-8

-8
•1

202-

SOrtl

-•

-8

74t>

98» ir»s

-8

-1

t

231

39-

-81

-81

-«,

33'U

1-»1

!•«

88

2-71

620

-;

i-S,

4--1

l-ll

29-*»

133

7-8

19

3'

3-1 19-4 l6-«<

7«

1

•i4»

T

473
12«

•1

19-4

371-7

•4

1

6S-S
166-7

339-0
16-4

.1HS 3 t.637-8

:

..

-

THE CHRONICLE.

508

Miles of Miles of No- of
Tear. Poles d O'bl'a. Wire. Offlees.

%umshntnt

1865-66. 37,380
1866-67.. 46,270

AND

The IsvESTOKS' Supplement contains a complete exhibit

of

Funded Debt of 8tates and Cities and of the Stocks and
Bonds of Railroads and other Companies. It is published
on the last Saturday of every other month—viz., January,
March, Hay, July, September and November, and is fur(h«

nished without extra charge to all regular subscribers of the
Obbonicle. Extra copies are sold to subscribers of the
Ohbonicle at 50 cents each, and to others at fl per copy.

ANNUAL REPORTS.

75,686 2,250
85,291 2,565
97,594 3,219
104,584 3,607
112,191 3,972
121,151 4.606
137,190 5,237
154,472 5,740
175,735 6,188
179,496 6,565
183,832 7,072
194,323 7,500
206.202 8,014
211,566 8,534
233,534 9,077
327,171 10,737
374,368 12,068
432,726 12,917
450,57113,761
462,283 14,184
4?9,607 15,142
524,641 15,658

1867-68.. 50.183
1868-69.. 52,099
1869-70.. 54,109
1870-71.. 56.0.32
1871-72.. 62,033
1872-73.. 65,7.57
1873-74.. 71,585
1874-75.. 72,833
1875-76.. 73,532
1876-77.. 76,955
1877-78.. 81,002
1878-79.. 82.987
1S79-S0.. 85645
1880-81. .110,340

1881-82.-131,060
1882-83.-144,294
1883-84.. 145,037
1K84-85. .147,500
1885-86. .151,832
1886-87. .156.814

Chicago

Western Union Telegraph Company.
CFor the year ending June 30, 1887. >>

XLV.

[Vol.

Messages.

Receipt:

Prwflli.

$
5,879,282
6,404,595
7,934.933
9,157,646
10,640,077
12,444,499
14,456,832
16,329,256
17,1153,710

18,729,567
21,158.941
23,918,894
25.070,106
29.315,509
32,500.000
38,842,J-.7

41,181,177
42,076,226
42,096,583
43,289,807
47,394,530

$

6,568.925
7,004,560
7,316,918
7,138,737
7,637.448

2,624,919
2,641,710
2,748,801
2,227,965

8,4.57,095

2,790,232

9,333,018
9,262,653
9,564,574
10,034,983
9,812,352
9.861.355
10.960.640
12,782,894
14.393,543
17,1:4,165

2,7.57,962

19,4.-)4,J.i2

19,632,939
17,706,833
16.29S,63?
17,191,910

2..'j32,661

2.506,920
3,229,157
3,399,509
3,140,127
3,551,543
4,800.440
5,833,937
5,908,279
7,118,070
7,660,350
6,610,435
5,700,924
3,919,858
4,037,281

&

Eastern Illinois.
ending June 30, 1887.J
company is mainly statistical and does

CFor

the year

The report of this
The annual report states that the capital stock of the company outstanding is $81,199,852 06, of which $31,283 belongs not contain any extended remarks.
The comparative results for four years compiled for the
to and is in the treasury of the company. It was increased
during the year to the extent of $1,300,000 for the special Chbonicle are as follows:
EAJtNIVGS AKS EXPENSEg,
purpose of taking up the dividend scrip of April, 1886, which
did not amount to quite that sum. A small proportion of the
1883-84.
138«-87
1884-85.
1885-86.
Earnings fromr-

capital stock is, however, still represented by certificates of
iadebtednei-s for which capital stock cenificites have not yet

Frflsht
Passengers

been issued.

Mall, express,

Dr. Green, the President, remarks in his report
"
handsome increase in grc ss earnings over the previous
year has been realized, notwithstanding the more extended
competition aiid further reduction of rates, while of the considerable increase in expenditures the greater part was for
extensive and thorough reconstruction of important trunk
lines, which may now be maintained at little cost for some
years. As these lines have been rebuilt of larger and stronger
poles to carry additional wires, much of the cost might properly have been charged as a betterment to new property
account. But it is not the habit of the company to charge
anything to the construction and purchase of new property
that is not solely and entirely new and additional. There has
been an increase of 4,104,723 in the number of messages
handled during the year over that of the previous year, being,
as the table will show, the largest increase in traffic ever made
by the company in any one year over the year previous,
except 1881, when the American Union and Atlantic
Pacific
*
*
companies were taken in.
Though there has been
the largest percentage of increase in Pacific coast and other
long distance messages, yet the average rate received per
message has been reduced to SOJI' cents, as against 30 9-10
last year, with a corresponding reduction in the cost to the
company of handling messages to 23>i cents per message, as
against a fraction under 24 cents the previous year." » *
*
" The total amount expended since January, 1881, in the
construction and purchase of new properties added to the
plant is $10,574,233 22, of which only $1,143,976 87 was providf d from other sources than the revenue of the company
from earnings and investments $1,225,915 22 was directly
appropriated out of the earnings of the first three quarters of
1881; $1,199,852 06 was capitalized by the issue of the stock
dividend in April, 1886 ; and the remainder, $7,004,489 07.
has been advanced to the construction account from the surplus earnings of the company. Of the $47,141,615 26 paid to
stockholders in cash dividends since July of 1866, $26,007,6b7 93 have been paid in cash dividends from the net earnings
of the company since January of 1881, and in addition thereto
$10,574,233 have been advanced and paid within the same
period for new and additional properties, on account of which
latter $1,199,862 06 have been distributed to
stockholders in
capital stock. This aggregate of $36,581,921 14 has
been paid
out of the net earnings of the company over and above
its
Hxed cbafges for interest on bonded debt and sinking fund
except $1,143,976 87 derived from the eale of bonds and
other

A

&

;

securities."

^'*'

Cheoni**"-—

three years were as below,

compUed

Ac

Total camlnBS
Expenses and taxes

$

$

$

1,165,553
284,668
110,099

1,213,148

1,302,138

1.446,798

282,366
104,629

315,262
107,144

380,116
127,140

1.660,320

1,600.143
955,545

1.724,.''64

1,011,557

1,934,060
1,150,063

897,361

Net earnings
exp.toeams

662,959
644,598
57-51
59-71
IHCOUE ACCOUNT.

F. c.of oper.

1883-84.

Ree'ipls—
Wot earnings
Other Income
Total not income
Disbursements —
Rentals paid
Interest on debt
Dividends*
Miscellaneous

» 2ifl

A

jf

58-65

783,998
39-49

1385-86.

1886-87.

$

$

$

$

614,598

713,007
9^,824

783,998
16,044

662,959

644.598

811,831

800,043

212,427
801,410

'16.^,000

744,756
56,2e«

21,287

27,780

211,512
331,690
•75,000
4,595

473,818
189,141

541,617
102,931

627,797
184,034

263,781

.

713 007

662,959

188,7.=>0

Total disbursements.
Balance suiplus or def...

1884r85.

$

200,986
372,200
6,570

per cent in 188.5-86, and 5'^ per cent in 1886-87.
GENEBXL BALANCE AT CLOSE OF EACH FISCAL TEA*.
1883-84.
1884-35.
1885-86. 1886-87.

J7p/jt—'

jR

4£

8,723,122
109,680
78,502
1,859,468
26,426
12,998
64,080

9,006,241
129,591

10,874,276

9,766.972

RK.,bl'a'gs, equip., *c..
Aoc'8 & cash receivable..
MHtertals, fuel,
Bonds held

&o

Cash on hand andintran.
Evansv. T. H.&C.KK.CO.
Miscellaneous

Total

ft

83,6->7

479,468
27.204
40,781

4t

9,385,243 10,141,955
142,106
342,386
66.260
198,662
235,956 1,711,882
28,881
68,494

67,90J

35,941

9,926.334 12^99.320

LtabUUiei—
Stock

3,000,000 3,000,000
6,000,000 6,000,000
714,151
174,859
228,467
203,948
18.271
15,181
9,385
41,972
904,002
331,012

Funded debt
BUlspayable
Other accounts
Coups. <t unclalm'^d dlTS.
Miscellaneous liabilities..

Income account
Total

10,874,276

liabilities

9,766,972

3.000,000
6,000,'JOO
115.0(10

246,967
19,313
30.027
516.047

9,926,354 12^98,330

Includes $50,000 Ist oonsoL bonds and $1,600,000
on hand.
*

3,000,000
8,150,000
438.553
452,067
19,114
7,248
432,338

coll.

trust bonds

GENERAL INVESTMENT NEWS.
Railroad Net Earnings.— The following table shows th«
latest reports of

net earnings not heretofore published,
August.
1887.
1886.

for the

,

y~Jan. 1 toAug.Sl.~\
1887.

1886.

Ifame of Eoad.
$
9
1,501,376 1,341,951 12,127,913 9,586,429
Eevenue. forth, ye„
Ul,l^tMi $16,2lK $i\'!ii«|io Atch. Top. &S. Fe. Gross
Net- 689,279 706.293 5,561,142 4,308,819
Cairo Vin. AChlc Gross
78,322
60,777
492.047
411,905
Net...
37,146
14.596
1.54.394
91.670
Cape Fear & T. V.,.Gross.
22.326
20,24S
165,223
139,664
Net-.,
10,821
10,886
76,872
68,040
Central of N. J.
.Gross
7,683.954 6.634,220
Equipment of Sa^' ^Ay,iiik.
lll%ll _203fo6^i
Net-.,
3,644,439
2.697.298
^^.^11
Chic. Burl. & No. .Gross.
181,226
1,613.351
Total expen*,
$12,005,910
Net...
4,5,255
411,418
slsimim Chic. Burl. <Sc
.Gross. 2,382,103 2,748,175 17.8-26,011 16,602,275
Q
*''''^'«^»
*^-«"-«^« *^.037,282
Net... 957,406 1,529,245
I^rrt;;-^il7,022,859 7.542,333
CIn. Ind. St. L. & C. Gross. 237,453
236.482 1,737,564 1,652,681
Net ..
97,813
67-2,142
97,886
640,617
103,4-26
For ,inKi«K fundB...:::::::::::
700,800
««;074 Dcnv. & Rio G. W.,.Gross. 118,218
656.707
il:g^i
%if^{
Net...
37,489
30.384
178,026
194,250
Mexican National.. Gross. 139,793
147,573
Total dUbunwrnente
$5,534,389
$3,934,025 "iliilT^
Net...
11,136
17.723
Balance of proflts
$166,536 def. $14,169
317,045 2,608,988 1,858,173
$2 692 3^^ Oregon Impr. Co. Gt038. 428,193
Net--. 1^7.779
117,453
704,765
45«,814
«4.'57.469
$4,324,004
$4309835 Rome Wat. & Ogd.. Grossl£ffi,-'„''f'^V«^''*^'''«°"^-'-Balance
of proflto for year
347,025
307,972 2,O2O,t>01
166 .535
1,802.891
def. 14,169
I.egC'Isi
Net180,156
169.408
852.757
737.28«
"
Total nominal snrplug June
St.L.A.rk. & Tex... Grogs
217,115
145,247
30(endofyear)
Net-.76,650
33,608
$4,324,004 $4,309,835
$7,002 188 So. Paclflo Co.—
The following table exhibits the mileage of
lines onerated
Oal. H. &8an.A.. Gross. 280.064
231,856 2,090,461 1,701,771
number of offices, number of messages^ sent
Net...
88,752
52.990
297.120
211.090
.^ofite, for each year, 1865-66 to 1886-87,
Louisiana West... Gross.
82,484
64,723
634,900
411,990
inclusive.
Net...
44,886
28.653
20S,75*
247,887

^^J^S^

.

.

_

.

.

reS^d

—
October

THE OHBONIOLE.

18, 1887.J

/—
Korg. La.

>

A

Tox..Omi'(.
Net...

T.Tei. dHex.nrnu.

August.—-^ >—«7an.

18R7.

IHflO.

9

«

330,602
02.140
19,735

309,083
68,047
14.479

t to

^uv. 31,—

1887.

1880.

f

«

3,A70,000

458.335
107,798

a,^.•i>.0^0
Sfl».4 9

Ui,8J0
7,1170
5,521
3,501
def. .^,:^e9
807,0'.28
121.054
76,044
625.027
2<1-"..'S57
Net...
60,282
29.717
371. JUO
AtlanUo 87item..Om8a. 838,990
680,785
6,120,167 S,3(Ki.6:>8
18.'<,800
I,3H2,6(13
1,2:14,471
Net... 2U7,686
P*clflosretein....tiroM.2,6g!M16 2.120,825 16 757,952 14,hi»2..'^p15
Net. ..1,463,750 1,067,729 7,7(in.ti66 7,413,357
Total aU
OroM. 3.538,115 2.Hcp7,(111 22.878,107 20,283.174
N>t .1.761,336 1,251,029 0,148,329 e,647.H29
ToLAOUo Cent... Grog*. 05,206
70,391
646,229
402.298
13J,8C8
25,246
12,613
104,267
Nut...
July.
^—Jan. llo July Al.-s
1887.
1886.
1887.
1886.
Ifameof Snnd.
$
S
9
$
vBnav. AInd
21,876
Gross.
18,611
126,510
96.357
48,1116
49..^54
Nrt...
7.093
14,556
Brans. AT.n
79,'.62
Oio^s.
85.104
475,217
414,836
Nrt...
43,703
57.411
239.359
213,202
41ci,710
Peoria Deo. & E....Ori'as.
73,343
477,240
66,205
30.153
Ntt...
31.108
221,062
176.256
Stptem ier.
.—./on. XtoSivl. 30.-.
1887.
1886.
1887.
1886.
Kanit of Road.
;>
9
9
9
acre. .1: Canton. ...GroBi.
262,611
38,744
33.807
271,379
13.201
Ni.t...
7,259
74,2£0
57,801
Set...

Tex-w

ijk

«»

>

New Or. .Gross.

.

.

.

,

—

Baltimore k Ohio. At the meetiDfc in Baltimore Mr. Qarrett
reaixned as president and the eemi-annual dividend
passed. Ttie sale of the B.
O. Tdle^raph was approved.
The ^ross earnings of the B-iItimire & Oliio R'iilroad for
August are reported as |3, 034,000 and those for Septtmber as
only |10,C00 less. These are the largest gross monthly earnings
In the history of the company.
Central of New Jersef. It is announced that the receivers
are ready to pay interest on the consolidated Ijor.ds due July
1,1880, October 1, 1888, and January 1, 1887; also the coupons on the convertible bonds due Nov. 1, 1886, and the
coupons on the American Dock bonds due January 1, 1887.
The statemeiit of Jersey Central from January 1 to August
81 shows the following
1886
1887

wm

&

—

:

Orosg earnlnfrs
Operating exiie.nse*

97,583,934
3,939,515

Ketearnlnts

$a,644,439

$6,634,220
3.936,924

Inc. 9349,''33
Inc.
2,591

92.697,796
Inc. 9'.47.1i2
By adding the actual net earnings from Sept. 1, IS-iO, to
Dec. 31, 1886, which were |2,0I9,570, to the net earnings so
far this year, an approximate total of $5,(44,099 for th" year
1887 is obtained. Of this, $4,570,000 will be requireJ to pay
fixed charges under the reori;anization plan, which would
leave $1,094,000 for the stock. The Jersey Central holds about
Wilkesbarre Coal Company,
$8,000,000 bonds of the Lehigh
which it is claimed ia earning enough to give the Jersey Cen-

&

tral $4")0,000.

609

executive of the Oregon TiarsCcnlicrctal

Ccnpany will b«
made up of individuals who will have the pre motion of North*
ern P acific filTalrs at heart,"
~Oreiron Ininroreinent Co.—The sroaaand net aarnlnga for
August, and for nine months from De«.
as below

1887.

OroMMmlngs
OperalluK expenses

Neteamliigs

Philadelphia

Net earnings
Vlzed obarges,
mlicel. Income
Barplos

902,863

1887.

1886.
92a6.4!-2

94.'S1,837

18S6.
94'>0,113

143,511

277.907

278,572

992,071

9173,930

9173,541

less

33,333

47,925

$59,530

915.046

66,6:6

$107,264

93,850
977,691

—

Colorado Midland. This road has begun running between
Denver and L"adviUe, and will soon be through to Aspen,
(or which the D.nver & Rio Grande is also aiming.
Eransrllle t Indianapolis.— The managers of this railroad
have secured by lease the twenty-mile branch of the VanCalia
from Brazil to Saline City, Ind. This lease connects the
Evansville & Indianapolis and the Chicago & Indiana Coal
railroads, and so forms another route from the Lakes to the

&

Qulf. From Evansville south the Louisville
Nashville will
take the business of the two roads.
Illinois Central, The lease of the Iowa lines terminated
on Oct. 1. 1887. The Dubuque & Sioux City Railroad and the
Odar Falls & Minnesota Railroad have been surrendered to
the Dubuque & Sioux City Railroad Company, which is now
operating those lines, 319 railee. The Iowa Falls & Sii.ux
City Railroad. 183 miles, was surrendered to the company of
that name. The management of these companifs being distinct from that of th" Illinois Central, their earnings will not
hereafter be reported by the company.

—

Northern Pacllic— Oregon Trans-Continental.—The

Phila-

81,

wcr*

1

H

18fi»7.

Ifi8«.

Aug. 31.—
188IV-4.

$817,045
IOi«,fi»i

2,34S,£a7

l,737,»za

$157,770

$117,453

$1,105,887

$76^,70$

$8849.574 $3,406,334

it

wns rciMrted

—

$347,773
166,869

$808,475
13b,5e4

-0*t.\k> Avg.ZX II mo*.-,
1886-7.
1886-«.
$2,809,8.M $4,748,408
],&C&,x81
3.676,118

8180,904

$169,911

:$1,348,870

Aug.-

,

1888.'

1887.

OrosR earnings
Oi>eiuting expenses

..

Net earnings

8an Antonio k Aransas Pa88.
for three months from July 1 to

$1,067,293

— The grofs
Sept. 30,

and net earnings
1887, on 238 mile*

have been as below given.
Grvss earnings
Operating expenses

$171,805
106,783

Net earnings

Soathern Pacific Company.

$64,823

—The

following is a comparative statement of the earnings, expenses and fixed charges of
this

company

The

total

and from January 1 to August 81.
4,986, against 4,741 last year:
AvguhU
Jon. 1 to Aug. 31.
1886.
1n87.
1886.
1887.
$2,120,S2S
$14,892,519
$16,757,952
$2,699,116

for August,

mileage

is

.

Kamingi—

.

1887.

Angust

9488,1»8
270,414

Rending.— On Thursday

ii

Chesapeake & Ohio.— It is stated that over $9,000,000 out
of the $15,000,000 of Chesapeake & Ohio "B" boncfs have acTotal gross
cepted the proposed terms and reduced their rate of interest
Kel Earnings—
to 4 per cent, extending the principal for 100 years. It is
Pacific system
understood that the remaining bonds can still come into the Atlantic system
plan, but no bonus will be given.
Total net
Cincinnati Indianapolis St. Louis & Chicago.—The gross Rental
leased lines...
and net eamiiigs and charges for Aug., and from July 1 to
Totalnetincome..
Aug 81, Were as below given;
^-JulyltoAugSltlmoi.— •Fixed charges
Aug.
Gross eamlUKS
9237,453
Operatingex.A taxes. 14l,.590

to

.—Am.

>

veiy confidently in Philadelphia that the WhartonKemble
party holding the fiist conrol. fiv<R had t><>pn settled with.
Friday morning, however, the Philadelphia Ltdger said
that this was not correct. It has not teen (.o^tible tu gel information about the matter, but the exceptional firmness io
the htock rather points to a settlement.
Pnllman Palare Car.— At the arnnal meetirgin Chicago^
Oct. 13, the capital of the Pullman Palace Cai CLmpany wa^
incretsed twenty-five per cent, making tie aKgroKate amonnl
in round numbers nearly |2ii.r00,0C0, The turplos for th«
year was reported to be $1,53(1 884. The increase of stock w^iv
recommended by President Pullman, who stated it to be fcr
the purpose of "providing the ca(<ital reqnind to meet tli$
cost of additional equipment and for farther extension in the
near future." It was decided that the i.ew stock be offered
to stockholders at par, in proportion to holdinKt. T^e former
ofiicers were re-elected and the usnal quarterly dividend ol
two per cent was declared, payable Novemlier 15.
Rome Watortown k Ogdensbnrg. The earnings and expenses for Au;:., and from Oct. 1 to Aog. 81, w«r« as below :

Orosi

,

AMgutL

,

PaclHc aysteni
At lautic system

r

1

:

Netproflts
Construction and Imi'.

Balance

.

838,999

—

.

686.780

6,13>',1.57

5,390,69$

$3,538,115

$2,807,611 828,878,109 $20,283,173

$1,463,750
297,585

$1,067,729
183,890

$7,765,668
1,982.663

$7,413,357
1.234,471

$1,761,335 $1,251,628
46,681
66,308

»?,14^,329
615,369

$8,647,82
373,44

$1,827,913
1,190,563

$337,380
23,203

~9ai*il77

$1,298,309 $9,761,698
9,"i60,321
1,162,836

$203,377 df.92^1. 417
560,113
2 38.413

$135,473
31.806

"9103,607

$9,021,271
9.303,668

«$337,136dl$ 10,930
dues
98 Nasi^au Street,

•Inolades Interest, rentals. Cent. P»o. guaraatee, taxes anil U. 8.

Sutro Tunnel.- Mr. Theo. Sutro, of
attorney for this company, has just issued

in pamphlet forna
a complete statement regarding its origin, history, property,
This elaborate review gives full inlitigation and prospects.
formation as to the present status of affairs, and shows the
importance to stockholders of raising about $1,000,000 before
Jan. 1 to tave their property from foreclosare. The litigation
is suspended by consent until that time to permit this money

to be raised.

Wabash 8t. Lonis k Pacific—The payments of interest
ordered bv Judge Gresham are substantially as reported in
the Chronicle last week, including a coupon on the Chicago
Division and the Hannibal & Naples bonds. Kotice of payments is to be given by publication, and payments to be
made at the oflSce of the "Metropolitan Trust Ca, New York.
Western Union.- At the annual meeting of the stockholders of the Western Union Telegraph Company the members of the old board of directors were all re-elected, and the
vacancy caused by the death of Mr. Robert Lenox Kennedy
was filled by the election of Mr, Charles Lanier.
President Green reported the purchase of the Baltimore ft
Ohio Telegraph property.which he said was already fully in poesession of the Western Union Company. In (Myment he had execute.! for the company a note for $5,000,000, pavable at the.
option of the company within sixty days from October 5 la
its capital stock at par.
The contiact was read. Tiie onlyfeature that was new was that Mr. S. Pietpont Morgan wa»
agreed upon as arbitrator to act in case of UifHcuUies in the

delphia Pre«,< says: '• There is .'ikely to be come news favorable to he Northern Pacific shortly. The Oregon Trans-Continental Company is on the eve of reorganization. The
Northern Pacific holdings of that company have been purchased by a syndicate r.-pre8ented by Mr. Villard, for his
Srincipals in Germany and some capitalists inten sted in the
'orthern Pacific Company. Under the new management the adjustment of details.
Oregon Trans-Cuniinental Companv will change its attitude
The purchase and the proposed issue of 50,000 iharee
towards the Northern Pacific, and hereafter its relations will of new stock to take up the $5,000,000 note were approved by
bo of a friendly character. The Oregon Trans-Continental's vote, but the vote under the required notice author xing the
Injunction «g:«>intt the building of branch lines by the North- issue of the stock will not be taken until October 38, when •
ern Pacific will be withdrawn and the new board and the new special meeting of stockholders will be held.
1

,

——
THE CHRONICLE.

610

[Vol XLV.
2iilet.

Total miles of main track completed on June 30, 1887
cluding -28-44 miles second track)

PAUL MINNEAPOLIS & MANITOBA EAILWAY

Miles In MIoBOsota under operation ,Tune 30, 1887 (io1,155-72
clndiug -»'8-44 miles second track)
Miles In Minnesota new line completed but not under
76-33
operation at tbat date

CO.

report for
The President and Directors submit the following
the year ending June 30, 1887 :—

MilPH in Dakota under operation June 30, 1887
Miles In Dakota new line completed but not under
operation at that date
Miles in Montana completed June 30, 1887. (All new
line; nouetlien under operation)

GKOSS EARNINGS.

76-311
1-034
1--11
0-770

5,587.28143
79,354 19
125,21 2 46
56,422 83

Frolght

ExpiesB
Mails
...Misiellaneoua...

(Including all lines completed prior to July
operation or not.)

Main

OPERATING EXPENSES.

$753,618 49 ConrtuctiDg Transp'u.
Motive Power
1,4-J3,198 51

18-383
34-718

Maliit'nance Road ]
I,198,f2j65
and Structures. )
i
of Cars.
Maintenanoo
5"^
401,457
322,307 06 ..Geueral Expenses..
c

29-244
9-793
7-86 i

Fergus Falls Division
Brec kenridge Div
Noithern Divi>-lon ...

Per Cent.

1886.

1887.

Per Cent.

$617,8-9 67
95?,053 09
1,476,709 21

1H-&89
26-187
40-365

343,982 81
261,778 77

9-403
7-156

Dakota Division
Montana Division

1886.

£8,028.448 32
4,099,410 29

3,663.332 66

.Net Earnings.

3,929,038 03

180,248 40

.Taxes.

215,485 16

3,483,084 28

Net Income.

3,713,552 87

51-06

Operating Expenses per cent of Gross
Earnings

.-•3-74

Operating Expenses and Taxes per cent
of Gross Earning s

49-82
52-43

Gross Earninas per mile of Road
2,357 34 ..Operating Expenses per mile of Road.

$4,978 43
2,487 54

»4,blo7o

2,259 36
1,739

.Net Earnings per mile of

Road

2.490

81'

COMPARATIVE STATISTICS OF FREIGHT TRAFFIC OPERATIONS FOR THE LAST TWO FISCAL YEARS.
1885-1886. 1886-1887. Per cent incr'sc
or decrease.
Freight train mileage

,

1,562,643

1.9R9,299 Inc.

1,734,210
1,379,004
Kutnberof tonseariied
374,985,532 450,932,489
Tons carried one mile
6,151,746
$5,587,284
Earnings from freight trafflc
Average freight earnings per
$ -0136 Dec.
$ -0144
ton mile

MILES OF ROAD UNDER OPERATION ON JUNE
Paul to Farnesville
State Fair Gr.iunds Spur.
Hamliue toMinuctota Transfer
Minneapolis Junciion lo East Minneapolis.
Osseo Junction toSt. Cloud, including north "Y"...
ElkRivcrto Milaca
St. Cloud to Hinckley..
St.

.-

30, 1887.
Miles.

278 -5

28-44

201-59
2,513-84

i»

lilt

after clofe of year:

143-28
30, 1887...

5216
3203
44-33—271-80
697-69

Total completed during year

217-Jl

All the foregoing have been laid with

-64

2-60

new

steel rails.

LINE UNDER CONSTRUCTION.

-70

63-07

Miles. Miles
To be completed this season;
of track June 30, 1887, Montana Extension to
353-75
Great Falls
End of track June 30, 1887, Benson & Watertown line
47-53
to last-named point
43-0O
Moniehead to Wahpeton
40 00—484-28
Talk River to Laiigdon
Tf hf f/ru'ied hnf not eompletett this season:
117-00
WilinaftoSioui Falls
70-00
Watertown to Huron
45-00—262-00
Crookston, suutheasterly

3180 End
66-43

61-00

'

746-28

Total line under construction

EQUIPMENT.

ITO 95
2-62
2-12

Total

21-.^5

Elponto Hope
Crooksion Junction to Minot
Park River JuLotlon to Park River
Bugby Junction to BottiLcau

126-63
80-94
31-i 9
132-00
60-44
29-50
231-20
34-78
38-6i>

Totalmilesunderoperation June 30, 1887
Total miles under operation June 30, 1886
Increase

1,935-11
1.509-4

>

425 66

Average miles main track under opeia'.ion during year ending
Jane 30, 188
1,739-CO
Average miles main traik imde r operation diuiug year ending
June 30, 1886
1,470-69
Inoreaee

268-31

Shortened -23 of a mile fr^m last year's length by partial relocation.

LINE COMPLETED BUT NOT PUT INTO OPERATION
1,

Miles
143-2S
r.2-1'

3203
44

On hand Added on h'nd
June
June 3U, ditring
188->.

201

Locomotiyes.
Passenger Equipment—
Sleeping oars
•l•a^s -nger coaches
Cinibinatlon cars (passenger and baggage)
*Ba(.rgage, mail and express
Business and pay cars
Total passenger equipment.

:^3

271-80

30, '87.

216

3

19
74
18
42
3

163

136

44

406
759

3.809
2,059

50
110

16

.

oars..

34

"75

66
120
18
2
109

1,275

6,184

S lock cars
Cabooses and boarding cars
Derrick and tool curs
Stciim shovels

Total Ireight

15

3,403
1,300

Boxcars
Fat and coal cars

Dump cars and peteler

year.

19
84
13

Freight Eqtiipment—

9
2

lit

9

1

1

Pile drivers

1887.

Minot to Montana Boundary
Montana Biundaiy to end of track, on June 30, 1867
Evansvllle to Tint»h Junction
Benson, toward -Wateriown

49i)-15
.549-87

5-J5

Benson, toward Watertown

104 -Si

Bieokenridge to Laiiniore Junction, via Portland
Everest to Port and Junction, via Mayville

PRIOR TO JULY

441-87
512-71
196 21

Evausville to Tint.ih Junction

593

Gratd Forks Junction
Grand Forks to Boundary Line
Moorhead Junction to Ilnlstead

NEW

f.4732
015-91

10 Moutaua boundary
Montana Boundary to end of track on June

53-13
46-68

Shirley tost. Hilaire
Breckenridcc Jnni-tion to

*

Tola's.

100-76
78-01
57 28
37-16

Mmot

9

55-iio

'East Minueiijiolis to Bi-eckenridge
Minnetonkii Morth Hhore
Hutchinson Junction to Hiuohinson
Morris to Brown's Valley
Tintah Junciion to Elleudnle
Rutland Junction to Aberdeen
Bamesville to St. Vine, nt
St, Vincent, New Depot to Boundary Line
St. Vincent. Old Depot toEudof Tiack

Sidings.

13-78
14-66

5-23-21

Kol put under operation

36-44
21 6.">
3-52
204-12

Sauk Centre

Second Tr^ck.

—

27 310
18 5-10
20 2-10
10

2-14

East St. Cloud toSauk Rapids
Cloud to Willmar Jnuctlon
lo Eaxle Bend
Fergus Falls to Pelican Rapids
Carlisle Junulluu to Elizabeth

St.

1887, whether then In

materials, men, teams and supplies requisite for the prosecution thereof have been moved over the lines under operation,
without serious accident, or even serious interference with the
regular traffic of the system.
New linf 8 oompletj-l during the fiscal year were as follows:
Miles.
MilesPut under operation during 1/ear—
3505
Richmond to Willmar Junction
98-H3
Churcirs Ferry to Minot
5313
Hntiliinsnn Juiiotiou to Hutchinson
31 80
Elk Riverto .Milaca
104-32
Unlah Junction to EUeudale
64 -(K»
Ruiliind Junction to Alierdeen
38 66 125-89
hugby Junction to Bottineau

1,470 69

Avei age Mileage under Operation

1,

Miles.

$7,321,736^1
3,658,403 55

Gross Earnings.. ..
.Operatiug Expenses.,

52 16

1,853-16
Main and second track laid with steel
382-19
Main track laid with iron
67-50
Main track relaid with steel rail during year endmg June 30, '87
CONSTRUCTION -WORK.
The new mileage under construction within the period covered by the fiscal year ending June 30, and the residue of the
calendar year 1887, including both what has been or -will be
completed, and wh>it has been or will be graded, but not supplied with superstructure, within that period, amounts to the
relatively large quantity of 1,443-97 miles, or 95 5-10 per cent
of the mileage under operation at the beginning of the same
fiscal year.
These additions to the mileai<e of the property,
when fully complettd, together with the outlays for the large
increase of equipment mentioned below, will cause an increase
in the company's capital charges, from those for the fiscal
year ending June 30, 1886, of something less than $960,000 per
annum, or 30 per cent. The details of this new mileage are
This great work has been carried on, and the
stated below.

SUMMARY OF EARNINGS AND EXPENSES.
1887.

Track.

532-78

2,206-81

Totals

|$3,658,403 55

$4,099,410 29

951-14

143-28

Miles.

$7,321,736 21

$8,028,448 32

1232-05

807-86

TRACK STATEMENT.

20124

$1,473,412 30

Passenger

18-657 $1,497,809 02
76-624
6,151,746 69
83,."i48 S9
1-041
1-669
133,993 79
2-009
161,349 93
1

Per Cent.

1836.

1337.

Per Cent.

2,235-35

Miles.

EIGHTH ANNUAL EEPOBT OF THE
ST.

(In-

and work equipment

4.909

*
During the fiscal year six passenger coaches were chunged to coml>inalion passenger and baggage cars; three others -were solil; aud one
other (U'Sti-oyed by the cyclone at Sank Rapids; and one eoinblDatlon
passenser and baggiige car and one bagL;aKe car were destroyed by
other casualties, and one baggage car was sold.

—

.

OcrOBKB

THB CBRONICLK.

IS, 1887.]

AVEKAOE KQllPMI

NT.

611

and negotiations are now \»-ni\\nir
UH to lay the tracks and con
>

year tnding

June

3U,
1886.

Looomntire*
PaMenKi'r •iiilpmrnt.
Fnlglit etjiil|>iiieut

I'tar nxiling
Jun* BU,

1387.

201
in»
4,909

Our

SOI
l.-VH

6.417

„

fileeplnK oars

36
'..'.'.'.

Passenger coaobes

\\\\
LJilll.'

BafcguKo oars

Box

cars

—,...,..,,........

-.....,.-...•.,.,.,..,...
*

'"

"

Stock ciirs
Flat Cttis

16
4
,594

4g4

.'.".'.*"''*.!

41

The total expenditures by the Company for new equipment
within tho calendar year 1887 will approximate |1,4«),000.
Improvement of the grades and uligument of the older
portions of the system has been continued during the year.
large sum has also been expended for ballasting.
The work on the Breckenridge Division referred to in the
last annual report has been completed; from which an important reduction in operating expenses on that division has
already resulted.
A large force is also being employed in bringing the St.
Cloud and Fergus Falls divisions to a uniform maximum grade
of thirty-one feet to the mile. This work on that iiortion ot the
line between St. Cloud and Evansville will be completed in
season for the fall business.
With the comoletion of the work of lowering the grades on
the Fergus Falls Division, the maximum of grades for the
entire system will be 31-6 feet per uiile.
The uniform policy of this Company has been to meet, and
and even to anticipate, the wishes of its patrons for reduced
rates, by lowering its titriffs as rapidly as compatible with the
retention of means tor improving the property up to, and its
maintenance at, a high standard of condition.
Since 18»1 this process has advanced with such rapidity
that the average earnings per ton per mile from the Comf)any'8 freight trafBc during the fiscal year lately closed were
ess than one-half that for the year named, as will appear
from the following table:

A

AVERAGE FREIGHT EARNrNGS PER TON PER MILE FOR EACH
OF THE SEVEN YEARS ENDING JUNE 30, 1887.
Iggi
1883
J884
1|§5
1886
1887

-Ol'Sl

-0195

0179
-0152

0149
0136

.

Decrease per cent dorlns; alioYo period
-528
new grain tariff was put into effect in the month of
August of this year, reducing rates on that commodity about
10 per cent. In Janmiry, 1887, our local passenger rates were
reduced from 5 to 4 cents per mile in Dakota, making them
uniform with those in Minnesota. This reduction, with our
round trip rate of 3 cents per mile in both Minnesota and
Dakota, has lowered our passenger rates to an average of
2 24-100 cents per mile for the last fiscal year, from 2 44-100
cents per mile for the fiscal year next previous.
In the month of April, 1887, the Company adopted as the
basis for its freight tariffs the classification now in common
use throughout the West, known as the "Joint Western
Classification," which in itself has effected important reductions in the rates on all classified ar'icles.
In the face of these heavy and continual reductions in rates,
the capacity of your properties for producing sufficient
revenues, not only for payment of its capital charges and
operating expenses, put also for steady and constant betterment of its physical state, by the substitution of steel for
iron rails, the addition of shop, yard and terminal facilities
on an ample scale and approved plans, the elimination of
curves from the lines, the lowering of grades, the procuring
of new and improved equipment, and the like, has remained

A

unimpaired.

The increase of trains and tonnage between St. Paul and
Minneapolis, not only of this Company, but also of other
companies using our line between these points, has made it
necessary to construct two additional main tracks between
the two cities. The grading is now well advanced and the
rails and ties are on the ground to complete them.
These tracks will be laid with steel rails weighing 75 lbs.
per lineal yard, and the double track now in use is being
relaid with steel of the same weie;ht.
The following companies, in addition to our own, use these
tracks lietacen tho points referred to:
The Northern Pacific RR. Co.
The Chicago .St. Paul Minneapolis
Omaha Ry. Co.
The Minnesota St. Croix & Wisconsin RR. Oo. (Wis. Central

&

Line.)

The Chicago Burlington & Northern RR. Co.
Minnesota & North estem RR. Co. (for passenger
.^

,.

v ,.

..

i,,.:

i„....a..j.

moat advan-

luturo

inonsM

interestw

at Ijiko Superior, referred to in prerfaMS
reportu, have had further and especial attention daring
th*
part year. Tho Ijiko Superior
Soathweetem Railway Com*
pany, whi<h has iin<lertak<>n to furnifh this Company with
terminal facilities at that point, and which ia the owner
of
the elevator and other facilities at West Superior, men.
tioncd in our last report, has lately acquired mifflclent addltional grounds to adeciuatoly accommodate the large and
growing rerjuirements of this Company on the lake.
Although tho elevator referred to is one of the largeat
best planned in the country, and fitted with the lateet
most approved appliances for handling grain, it has not prorea
equal to our requirements, and it« storage capacity will be
increased by the early erection of an annex, giving an additional storage capacity of one and one-half million bushels.
This Company holds a controlling interest in the stock Ot

A

In addition to tho equipment montionod in the forop;oing
tables as having been procured during the IIhoU year, the
following have been contracted for, to be delivered during the
present season:
Locomotives

doing the work of repair or
tageous manner, keeping in
of the Com|)any'8 husincHH.

for iiifll'M/Tit land to enable
roaiuiiiite for

business).

Considerable^ expenditure has been made for new ehop
machinery during the year, and new round-houses have been
built at several points to meet the increasing d«mands of our
business.
To provide for the maintenance and repair of our equipment, additional ground will be required in the near future,

i

i

the Southwestern.
The extension by this

company of a line into HontanA
to afford a large traffic of a dei-cription heretofore
practically inaccessible to it. The region through which that
line runs is, in the main, well adapted to stock mising ; and
large portions of it are also capable of snccewfolly producing
all varieties of small grain and vegetables without irrigation.
It also abounds in beds of coal, iron and limestone, whence
there are excellent erounds for confidently expecting the
speedy development of important industries in those minerals.
At the Great Falls of tho Missouri River, where the termini
of the Manitoba and Montana Central lines join, nature has
provided power ample for the most extensive manufacturing
operation?.
The early completion of the lines of the Montana Central
Railway Company will give direct access to Helena, Butte,
and the other centres of mineral production in the Territory.
It is believed that sound policy will require the prompt extension of these lines in the future as new mineral deveU)pment8
occur.
Such industries are almost uniformly large and
profitable employers of rail transportation.
Owing to the exceptionally low grades of your railway, it
will be reasonable to expect a considerably increased tonnage
in the products of the soil, and such leading commodities aa
lumber, coal and live stock, in which the settlers along our
lines are most especially interested. The Montana extensions
will, therefore, work important advantages to our patrons in
Minnesota and Dakota, as well as to the people of Montana.
The operations of the Companv have been carried on for
the year without any serious accident.
The crop of 1887 is already well secured, in jiood condition,
is apparently of excellent quality, and a good business for
the
coming season seems reasonably well assured.
''g
The construction of a new general office building a?.St.
Paul has been commi need and the same will be under roof
this autumn.
The large accumulation of valuable records
and the increase of the Company's business have made such a
building imperative. This strucWe will be large, convenient
cannot

fail

gT

—
and, above all, fireproof.
Plans have been prepared for new and extensive freight
houses at Minneapolis, to meet the growing requirements of
that city; and their construction only awaits the adjustment
of certain questions with the city and in the courts. Our
improvements contemplate the erection of " out"and •' in"
freight houses, and the adjustment of our yard and tracks to
fully accommodate all business at that ciiy for years to come;
the plans being specially designed to afford prompt and inexEensive access to and from our houses and yards for the
usiness public.
The extension of our lines also calls for additional freight
house faciUties at St. Paul, which we expect to provide early
next season.

LAND DEPARTMENT 8TATI8TICS AND OPERATIONS.
Total aoreaKO of land fcrant computed at
ten sections o( land for eaob mile ot
eiimpliteil road
3."48.000-00
ToUl acreage ceitifled to June 30, 1887... . 2.803.376-00
Total aortaKe sold to June 30, 1887
Less coutractscanceled

I,733,42'i!i7

13?,128-04

1,595.298 -33

RrmalnlOK unsold June 30, 1887
MluuaupoTis A St. Cloud Baaroad grant
Less acreage sold to June 30, 18d7

476,8f 4-00

2,258,701OT

3<J,l30-68

437,78S'4a
Total grant remaining ongold Jane 30,'87..

2,690,438-09
During the year ending June 80, 1 887, 82,089 07 acree of
land were sold for |407,114 68, an average price of $4 50 per
acre. There were also sold 181 town lote for $10,863 50, aa
average price per lot of |59 9fl.

CABU BECE1PT3 OF I^ND DEPARTMENT FOR YEAR ENOINa
JUNK 80, 1«87.
Cosb

sales and pi Incipal on new contracts
910S.!<80 98
Amount or prini'ipal received on ol.t coatracta
S68.78S 71
Amount rectiveil lor trespass, f>tumpn((e, eto
8,S89 44
Amount rcielvrd fur interest on oid and new oontraots....
91iSM CS
Amount received for principal and Interest on town lot
contiaots
13,8M 11
Amount received tor interest on (inking fund
3,489 81

$N 9.570
Leas expenie* of land department
Netreoelptfi

l&s.st-s

69
53

f41»,7Sa \9

.

.

.

THE CHRONICLE,

612

of defem^d p;iyimeiiM due the Oomp»ny on land
$179,87b 97
contract* bearlQX intoreM at 7 percent
defeired povments due the Company on town
of
,„„,_„„
*i»ount
12.017 ZB
toti bearing iBterest at 7 per cent

Amount

$191,891 23

The total number of sales during the year was 1,118, with
«n average of about 57 acres to a purchaser, as against 880
previous
«alea, averaging 78 acres to each purchaser, for the
fiacal year.

In addition to the sales of the Company's granted lands,
«tatod above, there were sold through the Land Department,
during the year 11,083-67 aoree of lands lying in Todd
<3ounty, Minnesota, which had been acquired by the Company on account of the hardwood timber standing thereon,
lor a supply for its own consumption, the timber having
large proporbeen removed before the sale of the lands.
tion of these purchases was made for immediate occupation
and improvement. These sales amounted to the sum of

A

$49,803 67.
Especial attention

^
^^^
,
^.
is being given to completion of the adjustcertification of the Company'^s granted lands, by
the Government. All lands subject to selection by the Company, in the various limits, have been selected, and lists

[Vol.

Sinking Fund app'lcaWe to Redemption of Fiist Mortga.te Land Grant Bonds
$i,722,714 39
Less Lfiiid Grant Bonds Redeemed
$3,039,000 00

Premium on Land Grant
Bonds

3,159,450 00

BT. PAUL MIVNEAPOLIS A MANITOBA RAILWAY COMPANY FOR THE FISCAL YEAR
ENUINO JUNE 30, 1887.

PINAXCIAL STATEMENTS OF

Rhvbnub

AoooDirr.

$1,099,410 29
215,485 IH
2,170,4(9 1:0

To Cperatlni? Expenses
" State

<•

"
«•

"

Tax

Inter. St Paul and AcoiiiRd
Dividend 1-^ percent, Au».
Dividend l"* per cent, Nor.
per cent, Feb.
Dividend
Dividend 1»» per cent, May

$300.000fO
3<iO,000 00
:jOO,000 00
300,000 00

I,18*i6..
1, 188?!..

m

1,1837..
1.

18b7-.

Accrued Interest en Boadsnot yetdue and
payable
186,093 33

-

CO
343.143 67

$9,028,418 32
$8,028,448 32

Py Earnings.
iNOOMy AO«>OVNT.
Transferred to81nkln« Fund from Laud Department,
" TranRferrcd to Vuud for Imiirovementa & Renewals,
Balance

1V>

'•
*'

8415,782 Ifi
600,000 )
257,591 06
$1,273,373
$343,143
415,782
514,447

Revenae> Account

Land Department
Revenue from nvestments and Rents.
i

22

67
16

39

$1.273.373 22

GENERAL BALANCE.
To Railway Equipment and Lands
Union Depot -sioik

$70,000 00
7,000 00
63,000 00
700,000 00

,

Other propertle* and Kcurltle*
Oerural Ai$ets.
St. Paul Minneapolis A, Manitoba Ry

.

2,374,888 98

$71,161,025 93

.

Btf k.

Advance

t

Postal Dept
h»rge« on Freight

Carap Sniiplics
General 8upi>liea
Material Miichii.eij Departuent
Material Road D piirtinent

Stock of Fuel (Colli)
Stock of F«,l (Wooci)
Duefioin other Ous. and individuals.

Cash in hand'* of
Cash on hand

.

..

rruatee!>, 1st uiort. b'ds.

00
67
76
35
1, S60 94
,845 60
241,,831 22
1,717,,."121 30
57,,758 91
12, "U4 13
$5. ,600
69,,451
33. 716
13, 324

$74,170,025 93
3,1

'09,000 00

uABiLrrm
Stock

$8,^00.000 00
3,UC9,000 00

Bnlanoe
Second Ml)' tgaite Hond«
St. Paul d;r,.omc Bonii«

$4,091,000 00

Dakota Ex enslvn Bends
Oon».,l. Mor g. i« .da, 6 |«r oi nt
Ooneo Morlg. Hon l',4w, peroent
Montana Exti»«lo» B'jid«
Bab. Uouuiua J^xutusiott Bjud«

5,676,000
13,344,000
8,100,000
2,800.000
12,976

.

00

366,000 03

—

to carry out the plan.

Central Yermont.—The report to th? stockholders shows the
total gross earnings the past year to have been $4,481,807;
operating expenses, |.J,163,933; taxes and r»nt-, |313,532; interest paid, including 5 par cent on $7,000,000 c )nsolidaled
bonds, and bonds of the O.
C railroad, $«09,617; real
estate purchased, •jgOG.OSS; leaving a balance of $S8,83.5.
The
company has a-lded to its facilities in the -v.ij of rolling stock
during the past year, both for paesengf r and freight service.

&L

The annual meeting of the Consolidated railroad of Vermont
was held at St. Albana and the Faiie directos were elected as
for the Vermont Central. The director^' report f ')r he last year
show,* the total earnings to have been $3.S-'3,314, disbursemi-nts, inclu ling running expenses, taxes, rent and interest,
|6,S44,.555; balance, $38,259.

New York

& Northern.— Pursuant to the terms of
and franchises hav,' been convi=yed by William
N. Armstrong, the referee, to the Purchasing Committee
upon payment by the committee to the Metropol it m Trust
Cimpiny of the pane. pal and in'.erestdue upon th» first mortgaee 7 per cent bonds of the old company ai.d upon piyment
City

sale the property

Company of the dividend value of the 8
per cent bonds, which have not assented to the plans and
agrfement. The new corporation the New Yurk & Northern
Railway Cmpany held the first meeting of its directors this
week. Joel B. Erhardt was chosen President, Arnold Mayer,
Treasurer, and William W. Rockwell, Secretary. The principal
feature of the new corporation is the construction of a doubletracktd branch railroad from Van Counlandt station to Getty
square in the city of Yonkers. This lioe of railroad is under
contract for completion before January 1 next.
New Securities Listed. The
N. Y. Stock Exchange
Governors of the Stock Bxchange have aduiitled the following securitifs to dealings on the Exchange:
to ihe Central Trust

—

—

—

00
00
00
00
SO

6 per cent first mortgaKe gold bouds, making the total amount
listed to date $3,598,000,
Manitoba Railway $3,000,000
St. Paul Minnkapolis
consolidated 6 per cent gold bonds (interest reduced to 4^ per
cent and so stamped), making the total amount listed
$23,444,000.
Texas Railway- $676,000 first mortSt. Louis Arkansas
gage bond certificates, making the tot\l amount now listed
$13,870,000.
C;iiOAao Rock Island
Pacific Railway— $1,000,000 first
mortgage exiension and collateral bonds, making the total
amount now Ji.ited $14,960,000.
bROOKLYN Elevated Railroad Covpany— $3,500,000 first
mortgage C per cent gold bonds, and $1,350,000 Becocd mortgage bonds beating 3 per cent for three years and 5 per Cint
thereafter.

&

—

Louisville

New

Orleans

& Texas Railway— $11,140,000

bonds and $8,117,000 5 per cen hic nd mortgage bonds; and at the same time striding the $13,641,000 first
mortgage 5 per cent bonds from the list.
The securities of the American Cabl> Company wore re$20,000,000 00
admitted to the regular list, the question upon which they
were taken from it having been deciaed by the co.irts.
Virginia State Bonds,— At Richmond. Va., Oct. 7, Judge
Bond, of the United States Court, rendered a decision iu the
several coupon CMes before him in which he makes perpetual
in each case the preliminary icjanctiou hf^re^oforo granted.
The principal case is that of Coopnir and associates againut the
Commonwealth's attorneys, represonting a syndicate holding
I large number of coupons purchased in op^n inirket. In this
case Juige Bond en joins every commonwealth's a'ton.eyin
43.289,976 80
the State from putting the "law known as the "Coupon
$68,289,976 80 Crusher" into eflfect.
$71,161,02.'i93

8,OiX),oOO

&

Brun.swick & A Ibany.— At Frankfort, Ost. 1.3, the bondholders of the Brunswick & Albany Rjilroad Oomp jny representing
$613,000 approved unanimously of the scheme
for the
reorgan-'zation of the company arranged between a committee and the Seligmans, and have appointed a committee

&

393,,813 69
58,,531 98
2,16J,,800 27

Lui Land Grant Bonds Redeemed.

Paneled Debt.
FIn.tMortgaffeBon'la
Le*t Land Grant Bunds Redeemed

&

&

4,784,820 72

BV Capital

—

Boston & Lowell. This railroad and the lines which it
controls and operates have passed into the poss'ssion of the
Boston
Maine Company under the terms of the lease made
and ratified early in the summer. The Lowell company 'a
lines will hereafter be known as the Lowell system of the
Boston
Maine Railroad.

San Antonio & AransasPass Railway— $990,000 forty-year

890,000 00
2,592,157 76

,

Due from Ageute
Due from United States

3,608,988 41
1,023,945 63

Fund for Improvement and Renewals
Balance to Profit and Loss, .Tune 30, 'rid. 2,117,237 92
"
toProflt andLoss, Juna30, '87.
257 59106

—

$65,903,047 45

MIoneeatii Transfer St<H3k
Mlnne8ot:« Transttr Hnnfls
MlnneapuUs Uniou Itai.wuy Stook...

279,337 7«

$2,r61.687 62
Audited Bills and Vouchf-rs Unpaid
Unpaid Pay RolU
657.971 08
"
Coups, due July 1,'87,'and prior..
797.768 50
"
Dividends
2,8.15 00
Due other Companies and Individuals...
88,663 21

i

1.200,'- 00

Batanae.

By Balance

$563,264 39
20,623 9«

193,24143

.

thereof been filed in the proper Government offices.
wiU secure
is good reason for confidence that the Company
am early certification of the remaining uncertified lands to
^hioh it is entitled; but the recent policy of the United
States land officials respecting railroad land grants may, for
the time, seriously check the Company's sales by shaking
public confidence in titles to lands in general acquired through
Buch grants. Should such an undesirable thing happen, the
resulting injury would most likely be compensated in part,
by increase in the value of the lands while remaining in the
dompany's hands. Should no such adverse influence as that
above in.lio 'ted intervene, increased sales may reasonably be
looked for in the coming year.
JAMES J. HILL, President.

"

150,450 00

Sinkinz Fund Oonsol. Mortgage Bonds
State Tax not yet due

ment and

There

XLV.

4 per cent gold

1

.
..

OorOBKRlS,

THE CHRONICLR

1887.]

513

COTTON.
Fridat, p. M.. Oct. U, 1887.
as indicat«<l bv our t«l«in«ibr
from the Houth to-night, is given kielow. For the weak mt>dt»m
(Out.
evening
the
this
14i,
total receipt* have reached 878,878'
bales, against 'i'il.l-B hahis lant wectk, 24i8,74-l bales tbe prariona
week, and is?. 740 baleH thr<'t> wn«<k« since, makinc the total
receipts since the 1st of September, 1U87. 1,189,*!88 balea, actaiiu t

TBE MoTKMBMT ov THB CROP,

COMMERCIAL EPITOME.

Friday Niaar. Oct. 14, 1887.
The weather, which was almoit 8uininer-Iike early Id the
week, has turned cooIit, bringiag frosts in middle and n Tth- 810,77^ bales for the same period oc 1886, showing an Inern latitudes and giving a naediMl impulse to trade in Beasoii- crease since Heptember 1, 1887, of SM.OJVS bale*.
able merchandise, Tbe crop reports frona the Agricultural
JTon.
IWf.
JW.
Wtd. rkurt.
JH.
aifipUMr$M.
Bureau at Washington (which we give on aubecquent pages)

4,021 10,7891 7,429 3,526 7,003 5,413 rr.TT*
have been active influences in speculative circles, though their OalvMton
Indlaoola, Ao.
....
....
....
• ••
..••
....
...•
accuracy is, as usual, much disputel. The raoaey market
«ew Orleans... 10,893 19,709 lB3il 10,04.t 17,433 18,057 81,477
has continued easy, but conflJence in values has been Mobile
2,120 3,097 2,554
701 1,004 1.103
9,982
915
91&
unsettled by tbe experience of the past two months, and Florida
e,T4S »,8S1
8,997 9,984 9,880 8.38S »S,748
speculation generally is fitful and feeble. In cotton alone has Bsvannah
265
....
....
....
260
Brimsw'k, Ac.
....
....
any decided advance been made on the prices of last Friday,
S,810 6,272 8,350 3,T93 3,727 4,566 37,518
Oliarlestun
The speculation in lard has been without much animation,
776'
778
....
Ft. Royal, Ao.
....
....
....
....
but yesterday became more accive, at irregular prices, the early WllmlDKt«n
8,128 1,870 1,889 1,095 1,043 l,383j 10,308
269
Moreh'dC.Ao.
....
....
....
....
268|
....
and distant months showing strength, while winter options
2,776 4,607 5,137 4.623 2.719 6,477 25.339
were depressed. To-d»y Octobar deliveries were dearer, bu t Norfolk
WentPolnt.Ao 4,i90 3,595 5,026 5,890 1,140 2,417 22,358
the market generally dull, Lird oa the spot has b^en more Sew
170
170
....
....
....
....
York
active; yesterday and to-day 3,503 to. refined were tikea for
15 1,248
890
3.226
Boston
209
309
500
,--.
....
Baltimore
....
....
....
• ••
• ••.
export, and some oity steam has also gone forward, closing firm
32
PUladelp'a, Ao.
85
1,157
....
27
1,0«3
at 6'703. for prim') city, 6'77^§6'85j. for prime to choice
Western, 6-90@7c. for refined to the Continent and 7 40® Totals tbln week 43.-222 59.120 50.223 39.738 39.72b! 44.848 276,876
7'4oc. for retinei to 3juth America.
For comparison, we give the following table showing the week's
total re<^ipt8, the total since S'ptember 1, 1887, and the stock
DAILT OMMraO PRICES OP L1.SD PUTCBEt.
to-cight, and the same items for the corresponding periods of
Baturd'y. Mond'y. Tttad'y. WedrWy. Thurtd'y, FrUtitt

October dellv'y

6-73

Kov ember "
December"
January •'

..

6U1
OOJ

..

tee 5

..

6-77
6-61

6-73
6-63

6-66
6-58

«i-71

662

6-61

666

6-56

6-J8

6-1)7

6-ai

668
674

February "
"

..

GTl

6-74,

673

..

6-77

6-80

"

..

f33

ti-87

0-80
6-87

March
AprU

May

6-82
6 88

«73
658

659
6«l

6-56
6-61

6-67

e-ti?

(i-Ti
0'7'J

B-73
6-79
0-85

6-87
" .. 6-88
694
6a4
Pork has continued dull, and values are again lower; old
mess |14@|14 1^5, new do. $15@|15 25, prime $13 75@|14 and
clear $16@|17 50.
Cutmeats are again decidedly lower;
pickled bellies 8?i(a83^c., shoulders 5^'@5^c. and ham<
lOJ^c. smoked saoulders 6|!^®7c. and hams 12J^@ 13o. The
number of hugs slaughtered at the principal Western points
from March 1st to October
were 4,920,000, against 4,915,000

W^@

;

U

for the corresponding period last year. Beef remains nearly
nominal; excra mtss f7 50@$8 and packet f8@t8 50 per blil.;
India mess |12<^|U per tierce. Beef hams dull at $16(i|10 23
per bbl. Tallow closes very firm at 4 3-16S4^c.
Stearine is
firmer at 7J^@7«ic. Oleomargarine is quoted at 6)^0., with
little doing.
Buiter is dull at 19(^27c. for creamery. Cheese
is dull and lower; State factory, full cream, 10@
c. and
•kims 4<a9>^c.
The speculation in Rio coffee has been generally dull, but
the prot)abUity of a deficiency in supplies for the winter
months has given exceptional strength to those months. Th^
close, however, is dull, with sellers at 17-50j. for November'
17'05c. for D.'cember and January and 17'00c. for Mirch,
down to 17'05c. for next September. CjSie on tha spot has
been unsettled and easier, but to-day was more active on
the basis of 19%c. for old crop and 30J^o. for naw crop Rio,
fair cargo grade, and 31>^c. for Java, S^ptembar sale,
Riw
sugars are firmer, but cloae very qui»t at 4 15-16c. for fai j

U^

refining

Cuba and

5 9-16c.

Molasses also more active.

Kentucky

for oantrifugal QJ-degrees
Te3is in firm

test.

demand.

toba'!co is fairly active at firm prices.

Sales fo t

last Tear.

1886.

1887.

Beeeiputo
Oct. 14.

IhU lAMM/Sep.

XAU

We*k.

Weeh.

1, 1387.

Sslveston..
37,774
lnd'nola,Ao
Sew Orleans. 81,477
Mobile
9,;)82
Florida ....
91}
S^ivannah.
55.743
Br'sw'k, *o
265
Ciliarlescon
27,518
Pt.Royal,Aa
776
Wilmington . 10,308

Btoek.

MneeacpA
1

1,

lSf6.

184,447

63.505

74,28S

276,350 62,334
39,240
7,75 ^
C,C2J
1.049
234.564 46,313
7,370
1,194
144,212 29,S3J

178,155
21,3S4

Ibl.SOt
1 ,129

78,370

196,478
4,881
109.906

125,042

95,043

47,148

57,683

2,392

580

1,9-^7

5b2

90d

57, 317

7,968

33,314

25,110

17,511

24,028

38,350
6,000
80,753

C.,<Sco

268
2.'i.339

22,358

87,71U
79,358

170

295

450

3,326

4,473

210|

313

685

56,526
19.406
1,861
612
1.939

1,157

1,45^

23)|

276.876

1,182,'':^8

. .

PtiUadel'a,&o
Ijtal

327

482

26,375
12,001

230.288

8,841

3,'»

Norfolk
W.Pulot.Ao.
New York...

Boston
Baltimore

isse.

32.975

191.063

692

M'bead

1887.

|

883
57.012J

1,2)5

8,000
3,IS3
6,842

4,377
2,713

8t6.7'9

.'>2(r,'}?.'t

449,783

In order that comparison may t>e made with other years,
give below the totals at leading ports for six seasons.
Oeetipliat—
aalveet'n.&o
Hew Orleans.

MobUe
Bavanuali

...

Cisrl'Bt'n.Ac

Wllm'gfn.iko
Norfolk

W.

Point,

1887.

|

1885.

18^3.

188S.

S8.t65
61,259
15.316
48.795
33,119
9.921
32,541
13,692
3,93:

34,838
50.300
18.783
47.258
31,198
7.669
33,312
ii,ooa
7,945

257,876

242,329

1884.

37,774
81,477
9,582
55,743
28,294
10,676

ailottiers ...

22,358
5,733

Tot. this w'k.

276,876

<ko.

1886.

212,289

we

WnoeBept. 1. 1182.83'i
873.213 971,141 tl25.305
Ualvesion inoluaea luaiauuiai uuaileatou luciuiiex Port Kojal, acWtlmington Inolodes Moreh'd Cltr.Ao.: West Point Incladt s City PoUit,*o,
The exports for the week ending this evening reach a total
of 142,441 bales, of which 74,069 were to Great Britain, 7,1»7
to France and 61,185 to the rest of the Continent.
BelOw ar«
the exports for the week and sine-.* Sjpte.uber 1, 1837,

the week are 300 bids., of which 250 for expirt. Seed lea^
shows a marked falling off la the volume of business, the saleg
for the wfek aggrt-giting ouly 1,350 cases, as follows: £50
cases 1880 crop, Now E.igland Havana seed, llj^ 1487)^0;
200 cases IbS'J rrop. New England seed leaf, 13(g30j. iOO
cases 1838 crop, Djtch, 9@llc. 150 cases 1838 crop, Ohio, 8<3
Bxveru
10i^c.;150 c:<8e» IctSO crop, State Uivana, 9^150.; 150 cases
from—
18B(i crop, Wircoiisin H'kvana, private terms; 100 cas^s 1^86
crop, Pennsylvania Havana, 8(dl8j., and 150 cases 1881'8!t
3ttT,-.ton
ciope, Penney Van ia s ed leaf, Ot^g 14c. Also 4S0 bales Havana,
K«w OrlMOj
60c.(i4|l 10, Hud l>50 oales Sumatra, |1 40@$1 75.
MoMI*
Spirits tur pel, line is again dearer, at 34^343^0., but closes
ricr'.da.
quiet. Rosins are steady at fil 20^|1 25. The speculation in
WTAinatu
crude petroleum certincatts has bern brisker, and there is a CliarlMtan...
further a<lvaiice in prices, due to reports of fresh combinaWUmlnotoii...
Kortolk
tions, with efloits to curtail production, and the cIo8>) is at
;

W*tk Bn-Unt

Oct.

K.

fVoia Sttu

Ijla.

Stmi

U 1»7,

(n Oct. 14,

1887

Kxvort*-l to—

;

ertut

Oiiut-

Wttk.

IS.OM

4,<01

1».4 i7

4,877

15,^1

1U.HC8

>

.

tligliyic. Ihe iron trade is much depressed, and steel rails
are nominal at $33® $35 per ton.
Ingot capper has also
declined, with sales to-day lor early delivery at 10 80(8 10 35s.
per lb. The sptculution in Scraits tin shows renewed activity
at hardening prions, and the sales to day were 150 tons at
23-15c. for Novr-mber, S3-95c. for D<}cem»)er, but mostly for
at 23-ti0(d32'b7)^c., cloeing at the outside figure.

Jwmrj

Weu

Polnt.Ae

H«w Vork

8,8Sl

B,4«S

8.831
•,4?8

ISaSi 18.184
1.1,«T3l «7,SM
4.000 U.8S1

8.4M
0,8S0

5,890

l^«3a

1,T«4

S.WO

Bocton

1,068

i.eo«

BalUaor*

a,ui

8.iai

?ailiulalp'a,*c

Total.

IJI13

l.«35

7«,0(W

7,'b7

6IJ80 14t.UI

J|?'.***|

ffli^

isejM _Mt,«i
Irj

1H«1

•»*

1

1

;

1

1

THE OHHONICLE.

514

give
In addition to above exports, our telegrams to-night also
OS the following amoants of ootton on shipboard, not cleared,
add similar figures for New York,
at the ports named.
which are prepnred for our special use by Messrs. Carey, Yale
ft Lambert, 24 Beaver Street.

9

>'3

On Shipboard, not cleared—for
Leaving
CeL 14, AT-

ereat
Britain.

Other
France Foreign

Ooait-

2,460
None,

voite.

Stock.

Total.

None.
None.

ewYork

3.6iV>

2oa

8,5.^0

6,100
8.8U2
None.
None.

Otbei porta

8,000

None.

3,000

None.

12,350
11,000

Total 1887.

86,821

26,645

78,414

18,452

210,362

315,863

TMall886....

96.633
73.918

6,007
19.335

43,388
80,168

16,^93
11,957

162.921
155,378

2=6,817
304,612

1,600

no

Oluurleston

BsTannali..
OklTestOD

....

ortolk

Sotall88S....

None
2,500
3..-1U0

l.iioo

o
5B

is,

3.

^
»

*

01

^

(ji

a ore

a*

c';

£.0

5;Eo

iso
-;S,n.

:

M

a ^ T 3
M * " S"

's!

5-Ea

:

4^*

1

I

11,829
29.618

=

a

2^b

III!

P a^

S "P*:l^

1

7,628
44.C92
33,^30

_»- =

o «,-«

c giuvi

7!>,042
29, 10

34,35(5
i«;,foo

a

CD

o ?wS?

WW

13,^00
2< ,4-9
14.O0H

VawOrleanf....
Mobile

20,045

OB'S

02. ^ 5

80 5h4

71,017
1,100
17.S00
46,000

22.980
None.
13.9u0
2^,500
5,014
?,^00

zs.s'ia

a

3:3.

We

XL\.

[Vol.

-

iw

(TdC-

a>

The speculation in cotton for future delivery at this market
week under review has been at times quiet animated.
"
The rumors regarding the Bureau report for the 1st of Octo
confirmed
ber and its unfavorable character were were fully
by its appearance on Monday last. The report from the National Cotton Exchange was received on Saturday and was
for the

unfhvorjble tbtin hf d bfen expf cted. On the publication
of the Burtau rej on cur maiket (which had been dragging)
quickly acvaictd a Itw puitls, but this brought out a got d
deal of eellirg to rtalze, under which the imprivtment was
•fully lest; ind on Tuifday en tarly advance on a better Liverpccl rf port was fallowed by a sfaaip decline, especially in the
more dibtant cptiois. The naiktt gained strength on Wedli€(day, however, in the face of a declice at Liverpool, the
vealhei £cuih bavirg beccae quite cool, and a light frost
teirg repoited Irciu the Ncrtlem Belt. Yesteid-y there was
renewed luojsiej, culniiiatiig at the ckae in a further advtrce of
@ 21 p< ii tf , the dietant options improving most,
with titntaciitiJb uiuiually large, lo-day there wasa sba p
declite eaiJy in ihe cty, \^ilhcut spparent cause, except
fellitg to leilize, folhwed by renewed activity, and the
close was at a luilliir id^atce on yesterday's prices', with
coEsiderable exciien ent. Cotton on the epot remained quiet
1 nd
m mil ally dk landed ULlil tc-daj, v hen there was a
good luBitets for hi me lontumption at l-16c. advance, middling uplands clcsmg at 9^c. and sparingly oSeied.
The total sales ton orwaru delivery for ine week are 983,6f0
bales.
For immediate delivery the total sales foot up this wee k
2,JM9 bales, including 325 for export, 2.624 for consumption,
in transit.
for speculation and
Of the above 14 l>ales
were to sirrive. Tho foUowina; are the official quotations for
each day of the past week— Oct. 8 to Oct. 14.

^10
CC(D

2

c^io

H

—

—

i

I

V

I*

MiUdllnic

GULF.

Sat.

Ordinary
Oidinary

V

Strict

9)

6.6,,

77 8

Good

Oifiluary
Btrict Goiid Ordinary

eisjg
76,

6l3,e

83e
..

low Middling
Btrict Low MidaUng

93 6
938

Middling

9*'l6

9%

MTdi.ling

Strict Gond Middling...
Middling Fair
jnur

Hat.
...yib.
7"4

9I16

8liie
9ll«
914

»1k

9'16

nioo Tnea
616,6

616;g
77,„
838

Jll«
838
813,8
S3,8
938
99,6

tLLH&Vr
OLOSCU

615,6
77-6
838

Con-

825

138
309
253
178
504

....

1,242

.J
•|

Quiet

93,6
938
9»16

9%

.

ccco

5^

2

I

I

8 '8

8-.316

938

S38
9»16

^>
9%

I

<eco
-ioj

68,8
7>4
§?ie
91,8

cc

^d

..

adv

CDCDO'.0

CDX>o<?
WrfiOco

a.'--:

5

CDCD

5

«j_

-1

I

*fOwwmg comprehenuive

table:

ttn.

(J*

83,8
91,8

668
76,6
8'4

9118

7H

^>
9li«

ccca
^.-•

CDCcSco

CDCD

£

O'tt

—»

COoCO

COCDo*9

ce-.D?co

cpoa

1

a

coco

IJ

00

fi.

^

UX

en

9'-?

-^

ID

CDtCo^

,

coco

5

i^
2
CKHtS^

coco

5

aba

2

ef.

C^

^

itl

9

2

ui

Co

o

ll^

05

COCO
cc-j

5

05

(>•

CO CD

2

I

03

<rcop o
cji ci>

ccco

;

occo

*^

ccco
cio.

cocoo*9
O'

)->

1^^

CD

cjta&03a
C003
^
ceco

»»

ff

2

Sfi-:

2

a>l»:

*-^cc

occco

C 6°<D
I

I**

5

coco

..3

2

-J©

2

cccooco

<i^-

coco
CDob
I

5

coco
<
00-1
2
*^
,-cn
s.>-:

2

Si 03:

OCO
OtO
I

t-QO

^

coco
-q-j

^

03

Ob
OJ

coco

IJ

^

cut

5
2

COCO
-j-'j

O)

coco

jjOri

2

I

I-*

OS

coo®

I

w
CDCOoCO
coSco Ccr-CD
doCco ocoOob
ca CD obxOdb
roto
o
OCD 5 cotp 5
*-'•-'

CI 01

dp:

CDCO^ob

^

2

«.=;

"^

if^i^

eco
ceo

-' y"

^

0. CD

COCpo®

CqO

I

co-*t»
cjtOjOot

I

C0'.OC<0

CO

Ot

OQ

e=:

COCOo?

®5g

o
COQCD

-j<i®cn
If.

X

•^

SCO

dicjt

(X;-l

—

obx

2
"

2
"

--ita

9*-:

I

©Co®
ocOo
-JO *

SI

®,
00

'

:

COCOqCD
-jobC QO

COCCCCD

COt-t

ccco
OOCD

©M
I

o®
Coo

COCOqCO
-JQb©-j

«

5

coco

5

COCD

2
"I

ooi
0;m

"^

2

aoo

isr:

:

CO

eotto?

COCOc®

(X

OCD

Qb/»©ob

to 01

#i'

oi.

5
2
^

i».yt

IS

;

00
CO!-,

c*

<

CDo'-O

o

(eC(o

^

1

-1
1

FDTDBBg.
Sales.

I

I

I

I

•^

1

I

I

I

I

9%

Deliih

1

I

I:

*Iuolnae6 sales in September, 1887, lor September, 258,200.
(7° ^e bave Included in ttae above table, and sball iHtutinae eaoh
i^lve, the avHra^e price of futures each day for each month.
It
will he found under each day following tlie abbrfviatloii *• Aver " The
average for each mouth for the weelc Is also given at botroin uf table.
Monday. n"4c. Tuesday,
Transferatile Orders —Saturday 9'40c.
9-400.; Wednesday, 9-450. Thursday, 9'60c. Friday, 9-700.

wees to

;

:

;

j

The following exchanges have been made during the week

138! 79,600
3u9, 194,800

06 pd. to exch. 100 Deo. for Jan.
01 pd. to eich. 200 Nov. for Doc.

253 116,400
178 84.300
8^9 223,800

•07 pd. toBxoh. 1,0<M> Deo. lor Jan.
-47 pd. to exch. 20U Jan. for July.

1,242 283,700

2,949 1)82,6001'

are

<

2

€••03

2

ta

I

68,6

dally deUvenea given above are aotaally delivered tbe
o«« to that on whlnh t.hey are reported.

The Sales and Pricks of Futures

o

HB„

1

325 2,624l

CO

®<":

cfobcco

9''ie

Tfa

a«i> TaANgir.

2
QD

CM

I

00-3

esig
714

69,8
!

9l6i6

1(.6„.

Cuba

c 10 a
CO"-.-'

CDCOo^

SCO

ccco
2
CCCSKJ'^

2

§io>:

ccyc;,^

9»e
913,8

9%

aw

J*.

oco

Wed

jnou I'ues

I

--

5

-JO,

838

Si""
93,6
93,„

Spec- TranToUU.
port. $ump\ul'fn nt.

liasy

XoML

coco

..J

7
71a

616,6
7',e

CD CO

I

K

rf^

00

CD '.Do CO

Frl.

I

C

Qo

918
66,6

Wed Tb.

"- ot

a

5*

9116

- CD

5

Mro

8=>

c;ci°ts

,

Xx-

Qnlet
Steady

1

to.-i

2

o*

I

813,,

»%

auja OF SPOT

TOT

9

c®

Ci^

<iwo,**

e3<i

8»ig

HABKBT AND SALES.
The total sales and future deliveries each day during tke
week are indicated in the following statement. For tne convenience ot the reader we also add a colunm which snows at t
l^ance how the market closed on same days.

Steady

o

9 6,, 10
1033
1016,e|l015,e 10'6i. I016,g 1016,fl 11

I4>w Middling
Bddltiig

Finn

CO tc

CCQO

7''18

i°Tg

»H 8H 8>*
SUu 8iiie 8U,6

91»16 916,8 916,8
106,8 .106,« 106,.

BTA1MJ1.LI.

Oood Ordinary
OCilet Good Ordinary

m..

a

(XiiOcJi

678

6'3l8

'.O

I

CD CD

aiu

MCD^,*<

I

9>4
9\
9716
9',g
9>fl
SI'O
Si"
91%
9»9
9»8
9»8
9»a
9liie
91»,8 913,4 9l3,g 913,6 91^16' 978
1C.3 g |103,g 103,8 1(13,.
103, „ ,1U14
1013|g|l0lit„ 1013,,. 101316 10i3ie!lo''9

Middling Fair
Fair

Good

6'S,g
76.6
81*
8,">«
9lie
9>4
9ii.

CD

Si ^

8,";

CDC0
to

Tnea UTed Tb. Fri.

Sat. nioii

Ordinary
Strict Ordlnarr
Gocd Ordinary
Strict G. od Ordinary
Low MiddlinK
Strict Low Middling
Middling
Good Middling

Good

D

I

~1C0

UPLANDS.

Strict

I

cpsp

KM

lets

dj

v

shown by the

•07 pd. to exoh. 1,000 Due. for .Tan.
•47 pd. to exch. 200 Jan. for July.
•10 pd. to exoh. l.Ouu Jon. for Feb.
13 pd. to exoh. 200 Ma> lor JiUy.

The Visible Supply of Cotton to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as well as
thoee for Great Britain and the afloat, are this week's returns,
and consequently all the European figures are brouKht down
to Thursday evening.
But to make the totals the complete
liguiea for to-night (0.;t. 14), we add the item of exports from
the United States, including in it the exports of Friday only.

;

OoroBKR

.

bales

Blookat [.Ivorpool
Btook at

THE CHRONKJLK.

15, 1887.]

l,i>ii.lon

ToIhI Qroat Britala stock.
Stock ttt IIiiiuliurK
Stock ut IJri'iiHMi
Stock HI Aiii-iiTdaiu
Stock at itoiibt'Jiuu
Stock ut Aiitwurp
Block HI lluvie
Stock Ht MiirocUlea
Stock lit Uaroclona
Stock ttt Ueno»
Stock utTrleate

IHH«.

1887.

1880.

IHHft.

43U.00O
39.000

81d,<)00

36^,000

Ti,(W)

U^.iMtO

tO.IMIU

469,000
4,500
S8,5U0

83M.OOO
1. 400
17.000
12.000
3 JO

3S40<0
3.t>M
33,400
28,000

Ba3,i<00
4,5 >0
41 40V
87,>Ki«

400

80^

900

2.000
IIS.OOO
8,000

leo.uuo

2tf,000

200
700
142.000
2,000
17.000
5.000
12.000

106,000
6.000
38.000
IK.OOO
13.000

487

O

H.OOO
H.OOO

ToiBl EuroiieanHtocke....
IndlKcoitouarf.'uifoiBiirope.
Auior.cotf. allimtfo' Kur'pe.
E«i.t,Br,.«ll.Ac..BniforKT'pe
8U.ck lu Uuitr.l otatrs imrU..
Stock lu U. 8. Interior towna..
Dnlted StuU-s exiiorts to-d»y

719,900
60,000
3K9.000
36.000

542 0)0

«/o.:iOO

88S,5O0

4().o00

51:6,326

44'>,73*

38.000
2V8.0O0
H,> 00
99.)
4

76.0tK
233.00'
lH.OOi
4'-3.141

179.580
25,244

119,M9

3li4

77.108
19.50u

270.000
i7.oO0

>

I6.2

l».Oi

4

1,946.019 1,4(18.157 1.470.S«^ 1.740,149
Total visible supply
Of the ai>ove,tUetotttl8 of American aud other deaorlptloDBureaafollows:

A merman —

IBO.OOO
83.000
399.0O0
620,325

Llveijh.ol stock
balee
Contlueiital r.took8
adoHi
[or
Europe...
AnittH.au

OnltedHtairs stock
United St. ti-» lutcilorstocks..
United States exports Kwlay..

17ii,5-0

25.244

150.000
99.01/0

270,oOO
449.731
119.819
19.000

233.000
144.0UO

265.ooi

22*«.000
4^9.il90
9 >,364

233,000

16,214

19.500

H4,000
453.

HI

77,00'i

stt)«k

Contlue.iwl stooKB
India afloat tor Europe
Egypt, BraiU. Ac, afloat

129.000

222,0O(/

2^000

66.000

10.^,600

9i.300
38.000
13.100

16'i.500

36,i100

40.010
27 000

30i',6'>0
294.3 K>
542.900
1,403,149 1,107,557 I,l7b,i68

Total East India, ^ko
Total American

.

8%

613,«
8^8
8'«

ff»

t's
8 '8

8l»,s
e'9
8»»
8>l«

8V

9>a
t''is

94
8»8aiii,g
»\
8\

9^
9>«

a\
t>\
8\

5|#>|c0

5>
»

8T9

8'9

»'»

(fa

8».

e

RKOBIPTS FBOH THK PLANTATIONS.—The following table
tndiJMea the actual movement each week from the plat^
ThH QgurtM) do not include overland receipts nor
tationp.
"kiuthem conHuniption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outporte.
Rtetptt at tlu Peru. All at tnUrior Tamu.

•pt.

9.

1886.

"sSSo

1886.

ISHT.

Oct.

"

7.

14

M

.

C0_

,

34.U74
52,542

MbSS 6^18

O Cv 1^ »^ O

00

M 0: a. w

00

^ c V*

Osp>

OSK-1— woo»

to

<0^
CUO: Od

i^^OD JO J*XW
CO

to

(DO)^MCCCOO»

o

;/•

31

^ >. in

ta5*.to«»o

c;t

M C3 *4 cc

s,^

•

— to — MtO^MM

-vj

-4 CO

— M a- «

ip»

tCOtOITD^V*-

>M
e*
cnHOOxtou
co%coaopcxp«»cx^ioaE^x^ — oto«
citiotcikVjtowwtc oco"^* I- w't c *w.A-4.^..-~x»w^c#kOsOwivao<*.*

MOO

OitO^MtC^tOM — M

M^CXOiWtOO

m'o'xW'M^'^'^ J»WCOO5T.0»b

JtX*.*)0

0S'.*CCO•JMa0^-O*J*J00D^Jy»T. CS*1«.I

r-OC,3OC00D>OOO3l0OOStD0>x:0

M

CO

co^cocxao'z.cowou; Qog«osVM3to»
a«oa;/t~i*-£K,.oto; 3axi»w«)3>os9

^>OOM^CaOi^C0. M(B^^C09tOto

•

Thf

lan.

»4.3Sl' 7»,(I80

14S.7M

JM

—

—

260.838 bales.

AMOXJNT OP CknTON IN SlQHT OCT. 14.— In the table below
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

we give the

substantially the

amount

of cotton

now in

sight.

1886.

1885.

1884.

Receipts at the ports to Oct. 14 1,183,833
Interior stocks on Got. 14 In
155,750
ezoeas of September 1

816,779

858726

878,243

95,792

103.282

75,489

Tot. receipts from planta'tns 1,338,5S8
;<9,4e2
Net overland to Oct. 1
35,00.
SoQtbem consumpt'n to Oct. I

912,571
19,635
82,000

962,008
22,910
29,000

948,687
12.391
28,000

964,206 1,013.918

989.078

1P6.734

158,889

1,413,050

212,301

174.343

4^3.972 bales.

telegraphic ad-

vices to-nitfht indicate that while in the grea'er portion of
the South the weatber hiS continued to favor ihe rapid gathering of the crop, in some porti ms of Texas hea\ y rains have
caustd interrupiion. Our correnponilents at six out of the
eleven points in that Scite from which we receivs weekly

telngrams report dsmage by caterpillars.
Rain ha) fallen on four days of the
(faloKn: ofi, Texan.
week to the extent of tlfty-four hundredths of an inch. The
iheimometer has averaged 74, the highest being 84 and'the
lowest 59.
PaiK-iime, Texan. It has rained on two days of the week,
the rainfall reaching forty-tix hundredths of an inch. The
therm' rndter h s averag- d 67, ranging from 41 to 85.
Hetvy rain on two days of the week
UnnUtmlle, Texan
has mte rupted picking. The rainfall reached two inches and
forty-seven bundiedihs. Caterpillars have done gieat damage.
The thermometer has ranged from 43 to 87, averaging 74.
DalJai, Texas.— Wv have had rain on two day* of the week,
the rainfall reaching one incn ami thirty two hundredths.
Average thermometer 66, highoAt 87, lowest 36
Atniiti, TemiK.— It has rained on one day of the week, the
Picking conrainfall reaching sixiy hu ulredths of an inch.

—

'^
»>'

--

w|0»»CCCCM>

MtOtO

>£

CO
ex

1

win be a^en by the above that the Increase in amount In slight tonight, as compared with last year, is 443,S44 bales, tue increase as
compar. d with 1885 Is 399,132 bales, and the Inotease over 1884

03

Ob

r

INH8.

47.0:9: »«,a8S

It

0^

too

I

08.734 82.804 IS83 1 114.478 317.788
7S,e:4 I18.»ei 17«,0aS 170.386 •7SJM
I 8,107 l>,7.16«'x5I,18e S^.-Bail 1,573 i47.«e» 810,010 »S8.067 880
^^(etlMO.SSt 27a.8'(III9 l^-IS 148.358 17g.58i l&w 83sl»gg.aS6 308.4BT

Oct.l4.

VCD — KC*

5»30

ei.iM

Weather Rbports by TELEanAPH.- Our
c:>

CO

CO

1H8S.

84.754

49,757

The above statement snows 1. That the total receipts from
he plantations xince September 1, 1887. are 1,3:38,588 bale*;
in 1886 were 9li,571 bales; in 1885 were 963,0 8 oai«i
2.
Th t, although the receipts at the ouiports the past week
«ere 276.876 bales, the actual movement from plantations was
808,457 bales, the balance going to increane the stocks at the
wterior towns. Last year the receipts from the plantations
for the same week were 262,5i>5 bales and for 1886 they were

18

w

1887.

Northern spinners' takings to

!*»

CO

Hte'rUfnmPUmPm

1880.

se.384

Total In sight Oct. 14

)

00

1

I

4»,Seil 85,487

i5».l)«H|l5H.-e)'2d8,745; 71.802

OOQtOCO
O OC
la c
u * cO

0>

1885.

1887.

to

.

^aa

S'i

LoawTlUa

84,~43 71 tUS 1W1.041
114,S73 IM.eOi: 187.740

IJJffiyjrlMrLiin
w
->4 Cit

8«»U

i-H
8»»i.

H

80,

—

I
'

fell

9

OwIhk statement.

-

»«1
0*l«
8«i

»

1«.

INTKBIOB TOWNS the movement that is the receipts
for the week, and since September 1, the shipments for the
week, and the siocfaj tonight, and the same items for the
oorreepondii>»< period of 1886— is set out in detail in the follow-

I

»t«

1884.

AT THK

^

9

«u
•'l«
vi
9<4
9H

e

S3

.

»..

9

»

"
."iuO

9

CHauiunatl...

"

The above flgurea indicate an increase in the cotton in sight
to-night of 47?. 893 baits as compired with the same date of
1888, an increase of 475,181 balea as compared with the correepoaairig date of 1885 and an increase of 205,900 bales as

-

H^
a\

9H
8\
8^
8\

H.OOO
1x1.649

a

»>•
9>4

S>4
9>3
8*1

JH.

8*t

e

s4

919

ilostou

76.000

1,946,049 1,468.157 1,470.868 1,740.149
Total visible supply
S'l^d.
„;":^'5'4d.
6»i„d.
Price Mid. Upl.. LlveriKiol
9i3„o.
9i6i«<.
O'so.
O'l-o.
Price Mid. Uul.. New York....
f^r The imports into Continental ports this week have been
1«,(K)0 baits.

8«

'•

548
1,

s%

Baltimore

•fuUnv-

168.000
22.000

•H

.

om—
•

BV

8>1|«

»

1,403.149 l.l07,5o7 1,176,508 1.191,649

240.000
39 000
167 9J0
«0.oOO

«i»u

8''«

>lorfcilk

..

nmrt.

8>>«
8'»
8's

it

oorroii

Wtdftat.

Si-iis

'hiirloston .
.VlltuliiKton,.

Philadelphia.

msDUiM

8<k

8!ll

iagosta
vlempblB
Lulls

TUM.

f»>is

..
.

SlO.SuO

compared with

«oiillo
.

Mmt.

aalur.

ialrwton...

Savannah

2K0.30O

London

*ndlng
Out 14.

Ki.OlK'

2('4.euO

—

OLoaiHO qooTATfom roa

Wuk

Vow Orleans.

250,000

Total Anitrloan

d^

6.00C
34,000

Total Continental Btookl

Etut Indian, lirazU, dc,
LtTCrtiool st.K k

gouTATIUNH ruK Mll>I>t,!!«<l CX>TT01f AT (JTBKH UaRKBTV.—
In the table Intlow wu give the cloalns qaotations of middling
ootton at Southern Mid other principM cotton m«rketa for mmjb
of the past weeK.

1,801/

3ti.000

615

fliran>« for Lnnlsitllo In

both
tThls year's figures estimated.

yean are

"net.'*

The above totals show that the old interior stocks have
ineri-aaed dunng the week 30,799 hales and areto nighi 38,540
bales more than at the same period last year. The receipts at
the same towns bave been 15 043 bales more than the same week
last year, and since September 1 the receipts at all the
towns are 183,068 bales more than for the same time in 1889,

—

—

tinues active and will soon finish. The thermometer has
averaged 12, the highest btirg 85 and the lowest 44.
Jjuuny, reoja*.— Hard rain on two days of the week baa
The rainfall
int-rfereJ with the gathering of the crop.
reached two inch>s and four hundredths. Caterpillars oaTe
completely s ri,ipiE<d the plants of foliage, and the yield will be
no larger than 1 si year. The thermometer has averaged 78,
ranging from 51 to 86.
Columbia, iaawi*.— It has been showery on two days of the
wtek, the rainfall reaching eight bundreiUhs of an inch.
Picking only paitially resumed. There is no'.hing on the
plant but the reimiant of the bottom crop, caterpillan having

THE CHEONICLE.

516

destroyed all the Kst. The thermometar has ranged fiom 47
to 84, averaging 73.
, .
„
Cvero, I'exojf.—Picking has been stopped by the very heavy
rain on one day of the week. The rainfall reached three
inches and sixty hundredths. Caterpillars developed by the
raiBS are doing great damage. Average thermometer 79,
highest 90 and lowest 68.
Brenham, Texas.— Uaia has fallen on two days of the
week to the extent of seventy-orae hundredths of an inch.
Picking is progressing. Caterpillars are domg much harm,
though in some sections poisoning is reported a success. The
thermometer has averaged 72, the highest being 87 and the
lowest 45.
Belton, Texas.— It has rained on two days of the week, the
rainfall reaching eighty-six hundredths of an inch. Picking
will end soon. Caterpillars have destroyed all hope of a top
crop and the yield will be fully twenty-hve per cent less than
last year.
41 to 94.

The thermometer has averaged

70,

ranging from

Weatherford, Texas.— It has rained tremendously on five
days of the week, the rainfall reaching three inches and sixtyThe thermometer has
Picking stopped.
four hundredths.
ranged from 42 to 80, averaging 61.
New Orleans, Louisiana.— There has been no rain all the
week. The theimometer has averaged 72.
Shreveport, Louisiana. There has been no rain all the
week, but we had heavy frost on Thursday. The thermometer has averaged 69, the highest being 88 and the lowest 43.
Columbuif, Missisiippi, The weather has been dry during
the week, with slight frost on Wedne-day. The thermometer
has averaged 59, ranging from 30 to 74.
Leltind, Mississippi. No rain has fallen during the week.
The thermomtter has ranged from 37 to 86, averaging 65.
Greenville, Mississippi. The weather has been clear and
The thermometer has averaged 64, the
cool all the week,

—

—

—

—

hignest being 83 and the lowest 47.
Clarksdale, Mississippi. Telegram not received.
Hloster, Mississippi— '!^o rain all the week. The thermometer has ranged from 54 to 98, averaging 75.
Heltna, Arkansas. No rain all the week.
had frost
on the 13tb, bui it did no damage. Some planters report cotton all open, and it is claimed that picking will finish about
the middle of November. Marketing continues free. The
thermometer has averaged 65, ranging from 88 to 86.
Memphis, Tentiissee. Tr.e weather has ben dry all the
week, and picking has made good progress. The movement
of cotton to market continues unprtcedentedly heavy.
Several light frosts, but no damage. The thermometer has
ranged from 41 to 86, averaging 65 -5.
Nashville, Tennessee. It has rained on one day of the
week, the rainfall reaching twenty-one hundredths of an
inch. Average thermometer 63, highest 86, lowest 33.
Mobile, Alabama. The weather has been dry and cool
during the week, with light frost in the interior on Friday
morning. The thermometer has averaged 69, the highest
being 84 and the lowest 49.

—

—

We

XNDIA Cotton Movement from all Fobts.— The receipts
a id shipments of cotton at Bombay have been as follows for
1 16 week and year, bringing the figures down to Oct. 13.

BOHBAT BB0BIPT8 AND SRIPHBIHT8 FOB VOUB
Shipments

this week,

Brit'n.

—

Montgomery, Alabama.
the week, with no rain.
ranging from 45 to 86,

1S87 2,000 3,000
1886 2,000 2,0C0
1885
1,000
1484 2,000 l.OCO

—

the lowest 49.

Macon, Georgia.—The weather has been

Tuticorin.

8,0001,482,000

672.00C.ll,037,o00
1)72,000
9H3,000

6,000 1,414,0004,000 1,004,000
6,00011, 56 1,00»

467,000 686,000
631,00011,131,000

Kurrachee and Coconada,
Shipments for the week.
Great

Oontinent.

Britaiti.

-,

Shipments since .January

GreM

,

,
"'""•

Oomaient.

Britain.

Calcutta—
1887
1886

1.

Total.

99,000
60,000

127,000
37,000

226,000
97,000

5,000
3,000

49,000
31,000

6,000
3,t03

55,000
34,000

Madras—
1887
1886

P.OOO
3,000

AU others1887
1886

4,000
4.000

4,0C0
5,000

81,000
61,000

3 ',000
47,000

1 14,000

1,000

9,oao
7,000

9,000
8,0C0

22^,000
155,000

166,000
87,000

395,000

1,000

,,

111,000

Total all-

1887

1888

21-.2,00O

The above totals for the week show that the movement from
he ports other than Bombay is 1,000 bales more than the same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1887, and for the corresponding
periods of the

two previous

years, are as follows:

BXPOKTB TO 8UEOPB PEOM ALL INDIA.
1887.

1886,

18S5.

Shipments
to all

ThU

Europe

from—

week.

Bombay

This
week.

Since

Jan.

1.

14,00t|l,4J2,OO0

Total

since

Jan.

1.

This
week.

Since

Jan.

1.

933,000
242,000

11,000!

686,000
ta'.ooo

12,000ll. 235,000

12,000i

883,000

5,000 I,0:i7,000
9,000 393,U0iJ

All other ports.

4,000!
S.eOOj

1,000

—

Alkxandbia Receipts and Shipments, Through arrange
mente we have made with Messrs. Da vies, Benachi & Co,, of
Liverpool and Alexandria, we now receive a weekly cable of

A-lexandrta, Mgypt,
Oct. 12.

Receipts (cantars*)—
This week
Since Sept. 1

ocririsK^d'oi'iit^^^^
Oct. 13, '87.

Feet.

.........Above low-water

mark
Above low-water mark
Above low-water mark
Above low-water mark
Above low- water mark

3

4
i

Inch.

6
4
2
6

Oct. 14, 'SH.

Feet.

3
S
1

4
4

Inch.

8
3
9
5

1887.

1886.

80.000
206,000

90,000
172,000

This
Since
week. Sept. 1.

1885,

95,000
188,000

ThU

This
Since
week. Sept. 1.

week.

Since
Sept.1.

6,00D
1,000

11.000
3,000

7,000

14,000

Kicports (bales)—

lo Liverpool

clear during the

Columbus, eeorgia.-Theie has teen no rain all the week.
The thermometer has averaged 65, ranging from 48 to 76.
Savannah, Qeorgia.—li has rained on one day of the week,
the rainfall reaching one inch and twenty hundredths. The
thermometer has ranged from 56 to 84, averaging 69.
Augusta, Georgia.— The weather has been clear and
pies eant all the week. Cotton is coming in freely.
Average
thermometer 67, highest 88, lowest 44,
Atlanta, Georgia.— Te^egiam not received,
Albany, QeoTuia.—lt is expected that piokiDg will be
finished this month. Planters are storing and holding
cotton
for higher prices. Receipts are now running behind
last year.
The theimometer has averaged 70, ranging from 60 to 83.
Charleston, South Carolina.— We have had rain on two
days of the weeK. the rainfall reaching two hundredths
of an
inch. The thermometer h»s ranged from 56 to
83, averaging 70.
kta;ebi.irg, South C'aroZma.— Telegram not
received
Wilson, North Carolina.— It has rained on one dsy
of the
week the rainfall reaching fourteen hundredths of an inch.
The thrrmometer has averaged 67, ranging from 43 to 84.
Ihe following statement we have also received by teleifraDh

Vieki-burg

Year.

According to the foregoing, Bombay appesu^ to show an
increase compared with last year in the week's receipts
of 2,000 bales and an increase in shipments of 1,000 bales, and
the shipments since Jan. 1 show an increase at 44,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the Ist of January, for two
rears, has been as follows,
"Other ports" cover Ceylon,

5,000
1,000

Total Europe

week.

""•gveport

This
Week.

Total.

netit.

5,000, 3d5,0O0
4.0001321,000
1,000 219,000
3,OOO|3OO,O00

—

Madison, Florida. We have had no rain all the week.
The thermomether has averaged 69, the highest being 87 and

Memphtg
WMbTlUa

Beceiptt.

1.

OoHti-

—

—

Hew Orleans

TEA.SB.

the movements of cotton at Alexandria, Egypt, The following
The weather has been fine during are the receipts and shipmeats for the past week and for the
The thermometer has averaged 66, corresponding week of the previous two years.

Belma, Alabama, There has been no rain all the week.
The thermometer has ranged from 45 to 80, averaging 64.
Auburn, Alabama. We have had no raio during the
week. Average thermometer 66, highest 81, lowest 43.
Birmingham, Alabama.—The weather has been clear and
cool during the week and picking and marketing make good
progress.

Great
Britain

Total.

nent.

ShipmenU Since Jan.

i

Tear Great Oonti-

—

—

XLV.

fVoiH

*

A cantar is 98

6,000

17,000
7,000

7,000
1,0U0

24,000

8,000

16,000
4,000

20,000

1

1

!

lbs.

This statement shows that the receipts for the week ending
and the shipments to all Europe

Oct. 13 were 90,000 cantars,
6,000 bales,

Manohesteb Maekkt.— Our report received bv cable to-night
from Manchester states that the market continues firm for yarns
and steady for shirtings. We give the prices for to-day iielow,
and leave those for previous weeks of this and last year for comparison

:

1887.
8I4 It".
Shirtings.

32< Cop.
Tuiist.

A.

A.

B.

7J4»716i6 5
16 714 8716.6 5
" 23 7'4-a>716ig 5
" 30 76i8«9
5

Sept. 9
••

Oct. 7 76ig»8
" 14 738 as

1886.

d.

8.

7>«n6
5'«i36
7'3J'6
71s i»6

d

Oott'n

Mid. 32« Cop.
Twist.
Uptds
A.

9

9

5

7'«»6

9
9

a

7>s,j6

9

5>a
57i8
5»16
5I1

5>4

A.

d.

61Bit1»77,6
7
"Is »7 58
7I4 i»7%
•;S,8(»7U,8
7I9 '»7=8

al^

8I4 lbs.
Shirtings.
d.

s.

A.

6
6

«6

6

-06

7

»6

6
7

71a -'6
71a >6
71s -6

71s
71s
7'«

Ooli'n

Mid.
UpldM
A.

514

6%
5''i*

56i«
53ia

Cotton Movements and Fluctuations, 1883-1887, by Latham, Alexander & Co., New York.— The fourteenth annual
volume of Messrs. Latham, Alexander & Co.'s '"Cotton Movement and Fluctuations" is now ready for delivery. We hare
received a copy, and after examination can only reiterate
what we said last year, that it is not only the most attractive,
but the best and most useful cotton book anywhere issued.

.

.

.

October

THE CHBONIOLB.

16, 1887.J

Mr. ThomM Elliaua has written expressly for this Tolume
a review of the paat cotton year, with some remarks on thn
prospects for 1887-88, and also an article on th« cotton trade
Besides these and other novelties,
-of Continental Burope.
none of the usual facta, figures and reports given in previous
volumes are omitted, but all are brought down to the
latfst dates.
For years this reference book was issued fOr
the special benefit of Messrs. Latham, Alexander A Go.'s
friends and patrons, and circulated gratuitously
but the
demand for it increased so largely they concluded to put a
price upon it, so th'it those who really] wanted it could have it.
The price is two dollars a copy.
Aqriccltural Dbpabtmkst's Rbport.— Following is the
Agricultural D<>partmcnt's leport on cotton for Oct. 1.
The condillnii of cotton h in further (teclinpd. ThnpfTeit of ilronirht In
;

reduoinff vlta'lty and HiTeattn^ (crowUi U moro appan^it thitn on the
flrat of St'pteiutjer. The j^i^neral nveragt* has V>een rodiKM'd from 82- '» to
70-5. It l« still sevtTttl in4iil8 higher thau In IPSS and 1884. and ten
pointH higher than li' 1981. Tho averane of condition by States U aa
follows: North ClaroUna, 7r: South Oamllns, 70; OeofKlii, 77; Florida,
79; Alnl>ama, 76; MleaUslppI, 77; Louisiana, 78; Texas, 7S; Arkantas,
75; Tennessee, 74.

That the reader may have for comparison the condition,
according to the Agricultural Department, for October 1 of
previous years, we give the following, collated from its
reports

:

ta>
UO

Sla^.

»

o
OD

a*

00

OD

77

85
89
86
82
88
82
82

a>

,

Ko. Carolina
6o. Carolina.

7(1

75
74

Oooreia

77

81

7f.

Florida

7fl

80

HI

77
7"
75

79

7i'

Alabama

7.--

74
8«

74

06

SO
77
7H
70
74

-e-al 79-3i

78

Mississippi .
t-outolana . .

Texas
Arkansas ...
Tennessee ..

Average

H.->

79
87
8S

.

79

77 84 85
82 83 79
77 87 77
80 81 Srj
79 91 88
85 8ti 80
80 83 77
65 103 64
96 90 Oi
106 102 100

10i>

vo
84
68

88

84

81

83

77
71

70
94
ye
90
8>;

617

M

The toial figure* compar*
follow* with thoM of tho yr»>
ioua eleven seaions
pKooaaw or m>iAw milm noarwa tii« rup rwmwrm Ta*w.
:

Averaii*

Tttrt

ITumbtr
of

ITo.

Ifumbtr Humb'r of

mttU. $pimtle».

80.

1876
1877
1878
1879
1880

47 1,100,113
51 1,241,206
53 1,289,706
56 ^4.^2.7t^«

56 1.461.501
87 1,913,096

1981

1863
1888
18*4
1895
1888
1887

65
67
79
87
95
103

1,620,814
1,790,388
2.001.167
2,I4%.646
2,28 1, 5«1
2.421.290

»ontum»d.

handi
tmplnytd
daUy.

loomi.

OmU.

9,199)
10,385

tst^.

Wot stated

10.S«T
13,018
13,503
13,707
14,173
16,873
16,263
16,537
17,455
18.536

49,914
44.410
41.4S0
48.467
9.^476
60.3«7
67,186
74,883
76.942

93e.'N47

9«r,585

1,078.708

nrf.m

1.3 11, 467

997,503
498.9S8
591,365
596,749
6t3.20(
726.278

878,<»89
1

,597.'.«4'l

1.159.777
2.084.621
2.i5 1.211
2.541. 9S5

A glance at theee

figures shows that not only has the number of mills and spindles rapidly increased, but the producing
power per spinile has undergone a rapid improvement of late
years.
In 1879, for instance, there were 66 mills, with 1,452,794 spindles, consuming 267,535 bales of cotton, or 73 lb*. 3 oz.
per spindle per annum. Taking 300 working days in the year,
this gives a daily consumption of 3'8.'> oz, per spindle.
O.a the
80th June of this ye.ir thare were 103 mills, coataining 3,431,390 spindles, but from these we have to deduct 148,308 spindles in course of erection, leaving 3,373,983 spindles, o^nsatning 736,270 bales of cotton per annum, or an average of 135
lbs. 4 oz. per spindle, giving a daily consurnption of 6*68 os,
per spindle on the same compatation of 300 working days to
the year. Allowing 20 per cent for wastage, the production
of yarn in 1879 was 3'08 oz per spindle and this year 6'3,? oz,
per spindle per working day.

In the Bombay Presidency alone the progress made during
the past eleven years will be perceived from the following
figures:

103

90

90 83-6 82-7

Avfrage

Egyptian Cotton.— The following is a traoelation of a
week from our correspondent at Alex-

Number

>o.
of
niUt,

Yeart

88

ending June 30.

of

Ifumber
of

tpiiuUei.

loomt.

numb

r of
ka'fdu

employed
dally.

letter received this

andria concerning the Egyptian cotton crop:

AlEXANDElA, Sept. 25, 1837.
Messrs. William B. Dana & Co., New York:
Gentlembk Sinca my last letter no unfavorable circum-

—

etince has occurred to affect the general prospeccs o'. the
cotton crop. F^iga. to be sure, have been reported, but they
were of shor; duration and have not injured the cotton plants.
The rise of the Nilo his coiitinueJ co be toe cause of very
great unea'tiaess, aad a large number of men are watcliin;;
the dike", waii^b in sevoral places (in B3 ha and Samauond)
threaten momentarily to give way. As yet no inundati >as
amounting to anything have occurred, except in Upper
Egypt, wLere thay have great' y damaged the corn and sugar

The cattoii fields of Bni-soeuf and Fayoum,
plantations.
being situated farther inland, have esoapeJ injury, Pickinjr,
moreover, in these regions, where it began three weeks earlier
than in Lower B:<ypt, has been actively pushed. In Lower

1877.
18T8.
1879.
1880.

41

1,043,')44

42
42
42

1881.,
1882..

42
49

I,104,«46
1.147,310
1,154,184
1,158,510
1,237.536
1,345,012
1,524,499
) ,030.036

1883.

51

lS-84..

60
08

1885.

70
75

18S8..
lt-87..

9,291
11,541
12,311
12,396
12.510
13,016
13.61ti

14,269
14,388
14.635
1 4.926

1,6'J.S,797

1,770,220

Approx,

amount of
ooUon
eoHtumtd,

t4,174
31,670
34,482
35,060
37.028
37.587
40,977
44,dC0
51,4^6

179,800
£32.048
212.744
217,708
311,932
314,928
354.232
413,028

.-^4,179

480,344
543,496

54,715

4X.5,930

The total paid-up capital return' d for all India is 7.77,15,661
rupees, of which Bombay and Prtsidency makeup 5,56,00,878.
Allowing 400 lupeea per loom this would make the paid-up
capital represent as nearly as possible 28 rupees per spindle in
Bombay and Presidency.

Jute Butts and Baogixo.— There la only a moderate call
bigging, and som? stiading has been done by dealers,
though only in a largo way. For spot Jots the prices are S?jO
53^0. for 1}^ lbs., 6@6i^o. for l^ lbs., 6}4'^Q^c. for 2 I'ls. and
'H^'/i"- lor standard grades. A fair inquiry is reported for
butts, Htid some transactions are reported on the basis of
2 3-16®3,^iC. for paper grades and 2^(d>2%c. for bagging
qualities^ the market closing at these figures.
Shipping News.— The exporta of cotton from the Cnittd
Statee the past week, as per latest mail returns, nave reached
for

Egypt, on the other hand, it has progressed very slowly on
account of the lack of pickers, and there is great fear that if
this continues a great deal of cotton will go to deetruction,
being b-aaten off the plant in case of raiti. Happily the
weather has thus far been very favorable. Within the past
few days it has grown a little cooler, but this no longer affects
the crops. The Nile, too, has begun to go down in both Wadi
Haifa and Assouane, and we are hoping that in a few days
the fall will be apparent at Cairo. If this takes place, tha 169,436 bales. So far as the Southern ports are concerned, these
men will be able to return to the fields and to proceed with are the same exports reported by telegraph, and published in
With regard to New York w«
the Chkoniclk last Friday,
tha picking with all necessary rapidity. Yours truly,
iuclude the mauifestH of all vessels cleared ap to Thursday,
E. S.
Tolatbalit
East India Cotton Mills. The Bombay Millowners' Asso- Nbw Yobk— To Liverpool, per steamers ArUon«, 929 ... Celtic,
ciation havrt issued ther annual report, and it shows thit
l,B90....City of Rome. 700.... Egypt. 2,010.. ..Ohio, I, SOI
13.114
....Plato, 1,859... .Servl.1, "60. ...Spain. 3,365
there were in operation at the close of the year 103 spinning
Sorrento, 2,022
3,921
To Hull, per steamers Clilcago, 1.499
and weaving mills, an increase of 8 over June 30, 183i.
To n-ivre, per stminer iM breiagne, 1,724
1,734
The results in the whole of India for the fiscal year ended
Werra. 4C0
6IO
To Breni-n. persteam.Ts Eins, 210
To ILirubur;;, per steauicrb Uellert, 1,653 ...Polynesia, 843. 3^498
June 30, 1887, were as follows
Rotleroani, 100
To
steamer
R.aierdam,
per
lOO
COTTOS SriNStSO AND WIAVIKO MILLS WORKINO AND IS COURSE OP
V'aderland,
To Antwerp, per steamers Aelgenland, 806
KRKCTION I!< INDIA OM JDNK 3U, 1887.
ri.£02
686
To Coiienhatren, per steamer Hekla, l,'<00
1,100

—

—

:

—

New

Approximate

amouiU a/ eo'.ton
Wo. of

Where liltiaUtt.

eonaumtil.

UaUt of

Bombay Citjr and sub's
Tot.

20

Bombay

Prsiloy

Berar
<3earral Provlncpa.

Hydorahad
Terrltorj)

Bengal Preslilcney
N. W. rii)V«. audOudh
Madras Presidency
Travaneore
Pondicherry
Total ladia

1,446,6'»-.

12.16N

332,576

2.7U:!

1,687,6.^0 I5.?,(;i4

310,940

88,S42

1,779,220 14,926 51,715 l,8»8,5S>t) 54-',45-l
r..'.'
2
18,24'J
32,380
160
63,166
54.
79,268 22,64>i

(NUuni's

Central India

Mysore

B.'i

38.812
2K.036

40(;

42,518

1?,H3

464

S4.r>'J

9.-61
74.2:2
13,M.O
3 i.Slrt
3, -00

2S0,5:i
lUl,l,'i2
l(r7,77(i
1 1 .040

10.370
22,800

!

259,74
48,720
i

1,20

335
454

li^.s-..
13,30<i

O

lO,ftij0

3,<ii

18.20U

f .-.'oo

103 2,l21,290|l8,b8^76,943l2,541,96&'.T2«>,3'6

l*anama, .l,bo7

Hall. 5,557

Inventor, 4,630

Hiistoii.m, j,2U0

... Liuiliano, 4,2o2
La8..*ell, -4.0.50 ...,

To Havre, per steamers

ipindlet.

Owlt.

Up country

Oulkans—To Liverpool, per steamers Bernard

29,660

Mutba,

Marseille, 5,217

•

3,754..

13,528
5,0-6
1.3S0
8,684
1,000

-

To Bremen, jmit stenrnT Chilian, 5,0*6
To Antwen'. per steamer Marseille, l,35u
To Keval. peraie.imer Ardincorrach, 3,581

To

bark Josefa Formosa. 1,000

Bar.-.lona. per

Savannih—To Uverpoel, per steamers Napl&-,
5.2

O

6,703. ..Amoor,

il.453

!?......

To Bremen,

steamers Bifthland Prince, 8.810.. .,1x1a.

tier

9,270

.5,4«o......:

To
T"

nam>oir,r. perfct*»«nier Pedro.
<

"

'00

-

''.3,633

^1?8

,110

—

CllAKi.i...-ii,N
I"
Hr, ni'ii. per st.
I

1

.

Ti-iuiupli,

.

Til B.ireel ua. per
.N
I'o LiV,ri
tlifon**(w, 4,i'50.
To i'leeiwuO'l, l».r -t

—

WlUUKUIOS—To

4,u4ii

.

-I

.

.

5,100

-OU

To

OALVK.sr

.

':

LlVeii>ou>,

J!»24.'.'.'.'.'.'.'.'.'.".'.'.''.'.'.'.'.T

r

5,I0O
4.80O
4.U46

Azuleo, 4,533. ...Itar-

'

.i

700
8,633

Iboroycroft, 4,700....

14,181
8,92a
4,700

.

:

:

:

.

...

:

.

THE CHRONICLE.

618
"wick,

A— •.-••%--o«o
BALTIMORE—To Liverpool, per steamer Caspian, 1,308
liam,803

So

i

To Antwerp, per steamer Mareca, 600
.To Bremen, per steamer Donau. 272
MaraBOSTON- To Liverpool, per steamers Bnvarian, 1,596
tiion, 8»:<.-."Nr>rseman, 2,702... Sfytbia. 5i6.
To Annipolis. per steamer New Brunswick, 40
—
To Halifax, per steamer ffnrcester, 104
To Yarmoutli. per steamer Yarmouth, 114
i-ivPHILADELPHIA- To Liverpool, per steamer Lord Cllve, 2,6.')4. . .
To Antwerp, per steamer Nederland, 1,000

—

'rnn
[J""

272
5,667

40
|"4
o
Iki
'•boj

_

_

169.436
of these shipments, arranged in our usuaJ
form, are as follows
—
Antwerp,
Hull,
Total

The particulars

pool.

Hew York 13,114
N. Orleans. 22,669
Bavannab.. 11.463
."i,l(K)
diaries ton.
Galveston . 14,183
Wllmlngt'n 4,700
Norfolt . .. 14,610
803
Kewport N.

Baltimore
Boston

.

Piaiadel'ia.

1

Brem. C'pnh.

wood
and

and
Lon. Havre. Hamb.
3.521
.

Seotia.

Total.
24.2.59

47,217
34,866
13.946
17,108

l,:.tiO

5,410
4,046

4,7<>0

"168

14,778

600

272

258

8<'3
2,18.1
5,i<25

3,654

1,000

258 169,436
6,614 15,252 23,236 17,359 10,456
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
Galveston— For Llverpnol-Oot. 7— Steamer Brankelow, 6,016.
Total... 96,261

For Bremen— Oot. 13— Steamer Propitious, 4,401.

Hbw Orleans -For Liverpool -Oct. 12— Steamer Discoverer, 4,314.

For Bremen— Oct. ll-Steami-r Kaphael, 4,625.
ForSebrtStopol- Oct. 10 -Steamer Wincliester, 6,140.
For Genoa— Oct. lo-Steamers Viola, 4.750.
Savannah- For Reval— Oot. 11— Steamer Suez, 5,800.
For Barcelona - Oct. 11— Steamer AiMarylUs, 4,600.
For Genoa- Oct. 13— Steamer Kate Fawcett, .S.4 4.
OHARLtSTON- For Liverpool— Oct. 7— Steamer Oakdene, 3,S61.
For Havre— Oct. 8— Steamer Catania. 5,463.
For Revttl-Oct 7— Steamer Ripou City, 5,4()n.
WlLMraoTON- For IJverpooI— Oot. 8 -Steamer Niooslan, 3,800.
Norfolk- For Liverpool— Oct. 11— Steamer Guide, 8,425.
West Point— For Liverpool— Oot. 10— Sieamer Liscard, 5,890.
Boston For Liverpool- Oct. 5— Steamer Cataloniii, 1,558.
For Annapolis— Oct. 11— Steamer New Brunnwick, 44.
BALTIMORK—For Liverpool— Oct. 10 -Steamer Barrowmore, 3,121.
Philadelphia- For Liverpool— Oct. 11— Steamer British Prince,
Below we give all news received to date of difasters to veeaels carrying cotton from United States ports, Sea.
Hatles, steitm' r (Br ), at Savannah for Liverpool.- At 8 P. M.. Oot. 6,
smoke was discovered issuing from the main hatch forward of
the steamship Naplefi. On partly opening tlic hatch immense
sheets of flame shot upward, ignitin.n the hatch tarpaulin and consuming it. The batch was immediately battened down and steam
turiien in tn the burning cotton. A tug and the t^e Department began throwing water lLt> the hold aiid It was decided to
flood the ship. 8be had aboard 6,203 bales, which will all be
damafred. The origin of the lire is unknown. The vessel is now
.

being discharged.
flre broke out early on the morning of Oct.
1 in the cotton cai'go of steamer Resolute already cleared from
Savannah for Liverpool with 5,2dS bales of cotton. It burned
fiercely ft-r i2 hours. ITie ship was flooded twice before the flre
was subdued. The greatest damage is amidships, but the extent
of it oanijot be ascertained yet. The work of dlsobarglng the
cargo wa.s commenced Oct. 2. Owing to the cotton swelliug sorapidly the bulkheads burst and the deck around the hatch
started, clacking her plates and rivets. The cargo had been entirely discharged on the 9th. A survey held on the vessel found
seven broken bilge frames tn the bottom of the ship on the port
side. The underwriters are determined that the wet cargo aiall
go forward wl bout taking the usual course of having it condemned and snld. It is claimed ou the part of the ship tli^t she
is in an unseawoithv coodirion and that to take the cargo In l<s
present ct'iidltion would jeopardize the lives of the crew.
Another survey was to be held on the 10th, which will determine
whether the vessel Is in a seaworthy coudltiou and able to carry
the cargo.

Xesolcte. (.teamer (Br )— A

Tkkgtalla, steamer (Dan.)— A

broke out on board steamer
Thingvalla (D.in.) from New York, ou the p^issage from (Dhrlstiana to Cupeuhagen, in No. 3 lower 'tw^^en decks (cotton oar,(0).
The steamer went Into G.<ttenburg on Oct. 9, the flre was put out,
and then she proceeded. Cargo was damaged.
Cotton freights the past week have been as follows
flre

Molu

Satur.

8all...<«.|

^

^®984

Tues.

^®964

Wednes.

Thuri,

JW.

^®964

l8®984

H'»^n

....

,--.

Havre, (team ...c.|»,g»ii33 6i8»"3a *i6®ii3a^i6«"sa »i«»ilsa 'leailsi

Do

sail

e.

Biemeo, steam., e.

Do

saU....e.

Hamhorg, steiuu.e.

Do

....

....

....

....

....

38

38

38

38

H

e.

--..

-.-.

32^*

321ft*

Do via Lelth d
Jteval, steam. ...<f

Do

sail

(t

»8

....
• ->
"3,938; "jjiSs "sa®!^ ii3a«38 "3a®38

....

lljja>36

eall....e.

Amst'd'm, steam

....

'3a®'32

''sa'^'sa
1

....

32V

32V
....

73a®93a ''33®»82
....

....

32

V

32

V

....
''32'®«3a
....

Taa^'a*

"m

BaroeIona,8teamd.
1304
13«4
"64
»»a4
"S4
d. 13m®^33 "04®''3a "si^'sa "ei^'sa 13g4®733 i3e4»7jH
Ckiioa,eteam
Trieste, steam. ..d.
H
\
H
H
H
H.
Antwerp, steam. ri. 9«4®=.'i2 »64®»3a 964®533 »B4®I>32 »64'a»3a »049»S1
* i-er 100 Iba.
1

—

afloat

5,000

77,000
8,000
2.O00
54,000
6,000
8.0-0

4''5.000

430,<.00

21i,000
40.100
25,000

190,000

19-J,00l)

234,000
209.000

12.0IHI

8,0O'
51,000

Of which American

8,00'

36,U(>0
3.^,000

165,000

0,530 bales added to stock on actual count,
t Of which 74,790 bales American.
The tone of the Liverpool market for spots and futures each
day of the week ending Oct. 14 and the daily closing prices
of spot cotton, have been as follows
* 11

Saturday Monday. Tuesday.

Spot.

Uma.

2,925

5.667
2,654

li.l

Of which American...

Amount

75,000

47,000
40,000
5,000
5.000
6,000
8,000
411,000 •508.000
177,(100 1243,000
27,000
51,000
16,000
37,01 K)
106,000 119.000
76,000 101,000

week

Oel. 14.

Oct. 7.

65,000
4,00V

3,00(J

.

and Baree- Xova

B'tt'rd.

1,724 .3,108 2.792
13,528 S,086 4,934
9,970 8,033
4,800

308

IiTeipool,sieiuii

Of which exporters took
Of which speculators took
Sales American
A.ctual export
Forwarded
Total stock—Estimated
Of which Aiuerlean -Estlm'd
Total import of the

Sept. 30.

69,000
6,(00

bales

Seval,

Fleet-

Liver-

Sept. 23.

week

Sales of the

XLV.

[Vol.

Total bates,

Liverpool, per Bteamera Bernioia, 7,379. ...War•-'
..-•-- i*,*^'"
-7,231
168
To Ix)n'doii. perVteamer Proolda, 168
Kewport Nbw»— To Liverpool, per steamer Lmke of Bucking-

KOBFOLK—To

Do

I

LiYBKPooL. By cable from LiTerpool we have the followiag
mteme'Dt of the week's sales, atooks, &c,, at that port. 'We
•dd previous weeks for comparison.

Market,
>t,
12:30 P.

\

Mld.npl'ds.
Mid. Orl'ns.
Sales
lipoo. Jsexp.

Wednes. Thursd'y.

Iriday.

Moderate
demand.

Fair
business
doing.

53ie
5^16

53,8
538

53l6
638

53i6
638

63ig
53g

57i8

10,000

12,000
1,000

12,000

1,000

10,000
1,000

12.000
1,000

14,000
2,000

Steady »t

2-64(ai3.<M

1.M ad-

Firm at

steady.

advance.

vance.

Fully

In buyers'
maint'ned
favor.

2,(J00

Firmer.

Active.

Futures.
C0.

Firm at

Marke'>t,
12:30

I

P,

Market,
4 P.M.

Weak.

Steady at steady

Quiet.

Steady.

«^

1.64 M 2-64
decline.

S.64 ad-

advance.

vance.

Very
steady*

Barely

Steady.

steady.

The opening,

highest, lovteHi and closing prices of futures at
Liverpool for each day of the week are given below. These
^'cee are on the basis of Uplands, Low Middling clause, unlets
ithfrwisB stated.
tSr Tlie prices are given in pence ami 6iths, thus: 5 63 means
4 6^64(2., and 6 01 means 1-aid.

Clos.

Oi>en

a.

d.

d.

d.

d.

d.

d.

d.

d.

505

6 07
5 05

5 07
5 05

5 07
5 05
5 04
5 04
5 04
5 03
5 07

6 07
5 05

509

5 09

5 09
5 07

8 05

d.

5

October.... 8 05
O0t.-NOT... 5oa
5 03
NOT.-Deo.

8oa

5 03
5 02

502

5 0^

502

5 0J

5 02
6 03

8 02

.

...

Jan.-Feb
Feb.-March
Mar.- April.
April-May..
.

.

5 03
6 05
5 07

May-June.. SC»

5 03

0.T

Bo;i

6

0!)

5 02
5 03

5 07

909

Open High Low.
d.

d.

Clos.

Clos.

504
504
5 04
5 05

507
SOT 607
609 509 5 09
611 511 511 611
6 09

5 07
5 09

d.

6 0i

5 05

505 6 05 505
5 07
5 09

Hinh Low.

504 501
5 04 504
504 6U4

8 02
5 02

Wednes., Oct. 12.

Open High IMW.

Open Hiad Low.

d.

5 09

6 09
5

11

5 09
8 11

509

9U
5 13

5 IS

513

eis

....

.

.

CtoJ.

Open Ulgh Low.
d.

d.

10
5 08

5 13

5 13
5 10

07 5 09 507
607 506 607
6 08 507 60« 607
5 07 5 08 507 608
509 510 5 09 SIO
oil 5 12 5 11 M2
613 614 513 5U

5 09

5 12
5 10
5 09
6 09

d.

509 610 509
5 07

5 OS

506

5

6 07

3

6 06

6

07

5 11

Frl., Oct. 14.

d.

d.

d.

5 09
6 07

505
SOS
SOS

d.

d.

Clot.

507
50 505
506 oOi
506 60^ 506
5 07 607 507
6 07
8 06
5 06

Thurs., Oct. 13.

506 507 606 5 07
Oot.-Nov... 5 04 5 05 504 5 06
Nov.- Dec.
5 OS 504 BOS 5 04
8 08 5 81 5 03 6 04
Dec-Jan
Jan -Feb. .. 508 504 5 03 504
Feb.-March 604 6 05 5 04 6 05
Mar.-Aprll. 606 507 60* 5 07
April-May 8 08 5 08 508 599
May -June.. 5 U 5 11 5 10 511

October

Oct. 11.

Opm'BKih Low.
(t.

Dec-Jan

Tu es.,

Mod., Oct. 10.

Hut., Oct. H.

510

509
509 5(9
5 09 609 SOU
5 10 5 10 510
512 612 512
514 511 514
Bl'i BIH BI6

aioi.
d.

512
5 10

509
5 09
6 09

610
5 12

614
516

BREADSTUFFS.
FaiDAY.

The

flour

market was

dull,

p. M., October 14. 1887.

with some depression in values

when there was an active demaud, the aales
aggregating 52,000 bbls. and sacks, largely the product of city
mills and about three-fourths for export, and prices became
Bucksteadier. To-day the markt't relapsed into quietness.
wheat flour is in better supply, but meets with a ready
until ye^tc'rday,

demand.
The wheat market was depressed by the unexpect(>dly large

—

estimate of the yield of the late crop that made by the Agricultural Bureau at Washington, followed aa it wan by unfavorable foreign advices and a reducad ezpori demaud; b it specuTo-day, howlative ooaddence and values became steadier.
ever, dulness and depression was the rule.
DAILY CLOSnlO FBICE8 OF NO. 2 BED WltlTEB WHB.i.T.
Mon. Ttus.
Wed. Thvrs.
JVj.
Sal.
October delivery

8tVl

November

82

delivery
Deceniber delivery
January delivery
February delivery
March delivery
Way delivery
June delivery

S.i^
8414
85»4

86^
SSM

88O8

81

82%

81
SlOg
82'b

SB's
847g
SS'g
87^8

Seig
88I*

84
85
86
88

SUH

88%

SB's

81
81»8

84
85

8H^
82%

Sl^i
Bl''a

83

84i«
Siis
SB's
SS"*
SB's

81
81i«

SIH
83%
84%
87%
88I4

Indian com has declined materially. The off«ring8 have
been quite free, not only on the spot and to arrive, but for
The Bureau report mide a small
the speculative montlm.
entimate of the out turn of the new crop, but opt»rator8
believed that it failed to take into account the increased yield
o» the Atlantic coast, and became free sellers. At the 8ame
time shippers began to reduce their limits or hold ofif, and tue
decline was steady from one day to another, the close being
without recovery.

—
October

,

THE

15, 1887.J

DAILT OLOalNO rKIOBS OF NO. 2 MtXItU CORN.
Hon.
Wed, Thun.
Tiut.
Sal.

HtH

Octoboi- rtollvory

»'^'«

Si's

SIV*

il.illvury

Sa>B

ftH

5l\

51^

ftl«l
ftl"*

Deioiiilicr tlKllvory

f>2>«

f>'iH

B2

rtl\

Bl'g

Nov.nilMT

CHU()NJ(JLE.
Frt.

Bl"*

Bm
nm

83
Bl'g
8l»»
bZU
am
Bm
....
S3
63>«
B2>«
ia^
S2<>ii
May delivery
Oata have sympathized with corn, but are oaly a fraotioa
lower, and closed <iuiet.
u\iLT 3:^s:no paiaBR or mo. s o&ta.

Jaiiuanr <lvlivery

AM.
33

October delivery
Novcinbcr ilollvory

3J%

delivery
Jauuiuy delivery
M»y delivery

TueM.

32»8

33

32''a

33^

HS't

;)e<]i^iiil>i>r

Mnn.
Sa'a

Wtd.

TKuri.

32''»

32'9
33>*

m

32\

32\

3-''a

32\

Rye remains nominal. Barley ia in
firmly held, causinx some advance in nominal quotatioaa,
Iiuckwtit>at is ecarce, wanted and nominally dearer.
The following are Che closing qaotatiuus s
VU>DB.
Fine
V bbl. $2 I5a$2 10, SoiUieni bakers'and
family br da
Buporllne
2 40» 2 8
$3 S0«91 25
eprhi;( wheat extras. 2 6a9 3 10| Rye flour, 8ttp«rtlne.. 3 703 4 00
Fine
Minn olearaudstra't. 3 7.i« 4 50)
2 40» 2 7;j
Winter tlilpp'^extras. 2 80» 3 l.*!, Co rn meal—
Western, <ha
2 60*2 95
'WInl.MXi & XXX.. 3'2&»4 2'<i
4'J0f» 4»0|
Brandywlno
FiiUMita
a90» 29i
Boutlierananers...... 2 739 3 00! Buokwluat floar, per
100 lbs
So lUi'u oam. extras.. 3 209 S40l
2 7092 88
ORAIM.
Oats— Mixed
Wheat—
32 9 38
Wblte
75 • 88
Spring. per bash.
34 « 39
No. 2 mixed......... 32\9 34
80^9 82
SprluKNo. 2.„.._.
*"
"" ft 83 •<
No. 2 white
8SI«» 3a>«
82
Bed winter. Mo. 8
71 o 81>s Barley— Can aila No. 2. 80 9 81
Bed winter
Two-rowed State
78 9 83
White
9 ....
81x-rowed State....
48 « 52>«
Corn -West, mixed
9
California Bay
5 1 19 3 52>4
82 9 83
West. mix. No. 2 .
MilwankeeNo. 2
54 o 86
72 9 73
West, white
Malt—State, 6-rowed. 82 9 88
West, yellow
51 « 51
State, 2-rowed
9
Whlteaonthern
71 9 72
Canada
88 9100
Bye—
Buckwheat
62 a 65
8tat« A Pa., * bush. 87 -9 60
The movement of breadstufia to market is indicated in tl e
statements below, prepared by us from the figures of the Ne»
tirst give the receipts at Wester c
York Produce Exchange.
lake and river porte, arranged so aa to present the comparaOve movement for the week ending Ojt. 8, 1887, and since
August 1. for each of the last three years:

We

BicetvU at-

Com.

Wluat.

JRoiw,

BNt.loaibf BUBh.eOWt

Ootf.

«W.

Barltii.

BluKMlbr Aiuk.sauw Buth.iStbt AMk.se u»

OblMtro
MUwaakee...
Toledo

130.156
81,023

295,890
334.080

1,324.340

1,054,348

460,921

7.850

31,660

:234.332

7,423

253,363

18,966

7,237

4,090
8,078

241.349

13,433

22,912

2,500
24,018

3325

Detroit
Cleveland...

85,884

18,200

33,235

7,900

«i,8rs

15;. 485

179,<!85

189,529

1,145

32,600
687,414

265,825
134,160

7Z
4,923

271,200

16,800

4,860

eu LoaU.

..

Peorta
Onlatb
Minneapolis.
Tot. wk. '87.
8amewk.>86.
Bwnewk.'SS.
ainet Aug. 1.

43,115

Il5,'i86

483,478

6.378,362

791.267

1685'

1. 509,978

19,593,047

aj,205,857

18.283,987

S,S82,4!<5

1,032,491

Inelude one week extra.

1

Minneapolis not included.

The receipts of dour and gram at the seaboard
week ended October 8, 1887, follow:
Whtat,
InuK.

Oom,

530,290
52,180
290,063
53,497
114,353
26,180

275.800
142,110
134,104
9,086
19,481

esieVs

Barley,
btuh.

Byt,

573,8C0 164,600
256,165
5,500
15.049
3,711
57,917 14,400
37,127
7,130
6,160
35,440

8,652

Oati,

btuh.

buth,

20.071
6.462
9,072

ports for the

600
3,900

591
625

Total week... 370,281 1,130,186 616,219 989,097 188,211 14,371
Oor. week '86.. 331,656 2,178,976 1,361,333 922,42 j 146.938 12,023
The total receipts at the same ports for the period from Jan.
1 to October 8, 1887, compare as follows for four years:
1887.
n886.
*1885.
*1834.
Flour
bbls.
11,360,404 10,050,418
10,293,787
10,231,157

72,512,210 84,576,933
36,«16,795 e5,336,910
27,075,35^ 30.342,101
2,621,239
2,987.310
627,670
187,469

37,957,531
69,531,591
31,978,337
2.612,691
8,883,181

Total grain.... 139.516,311153,731,056
* Include one week extra.

115,968,837

Bye

Oo Mississippi ...
On lakes
On canal dk river
TotOot.

52,952,873
37,737, 4!)9

25,693,361
2,73i»,931

1,376,877

123,500,517

•vt,

60,681
17.949
3^.000
591.132
100,000
09,124

158"978
50.680
170.039
62,960
51.600

1,490,550
1,812
2,296,437
95,000
25,000
68,600
858,571 1,154,116
1,736,000 1,925,800

TotOot, 10,'85l 14.031,842
29,090,110

TDtOot. 11,'81

1

Minneapolis and

St.

30,391
8.000
4,500
81.183
74,961
lo.ieo

M.M)

Bmrl
tHe»,

e3B.%t
6tl.«00

1.500

07.046
SS7.991
l»7,e»3

363*14

37,033
14,381

5,673

800
98I.S40
286,000
287,442

7.;93
12,000

6,219

1,249
10,091

278

10.5,638
43,5.i2

405.167

373XMM>
35.014
56,000
1,103
114,041
1,005

56.656
1,800

14',37g

i.io.noo

91.239

41s

15'.438

16.200
259.057
383,000

8,500

238.015
137,100

8,'87. 30,930,852 7,335.756 6.321,105
1,'87. ,30.596.777 7.087,148 5,177,616
9,'86. 82,737,U6 13,577,612 1,996,416

Tot. Oct.
Tot. Oct.

t

Oau,
kutk,

513,853
13,200

201.983
70.741
3,237,»46 I,»g7.l3&
7,827

649.789
48,000
5,885.530
3 »,<)00
88.109
42,893
370,648
784,527
69.780
257.960
452,793

5,196,931 5,095.067
6,515,807 4,116,895

312.11:1 1,049,458
321,962 1,128,353
539.678 1.807,721
467.921 920.766
960,065 1,162,691

Paul not Included.

AoEioaLTOBAL DEPARTMENT REPORT.— The Agricultural
Department's report on the cereal crops was issued on October
10, and is given below:
The statiatioal report of the Department of Agriculture makes an
increase of only ball Of 1 per oeat In the omdltlou of oom. The past
month liua l>i>en very generally favorable, but the at.atua of a large part
of the crop was tlxcd at the date of the previous retmrt. The general
average of condition ia 728 instead 723. The average of the seven
surplus States 18 is 64-9 ln8tea<l of 61'2 In Septoruimr. This Is a lower
condition than has ever been reported, except In 1881, when tue averac;e was nearly seven points lower, and the average yivld 18'6 bushels.
The Indication Is now for a yield of a smalt fraction over 20 bushels
per aero. The exact area, exclusive of that cut for f'iddur an not worth
harvesting. Is nut yet det-irmlned. Slight uncertainty regarding It may
cause a variation In the lloal record of 1 or 2 per cent from 1.50'),000,OUO bushels.
The condition figures for corn on October 1 for six years Is as follows:
1887.

States.
:

Iowa

I

Missouri
Kansas........

Pennsylvania

New York

Average United States..
6,087,918

,.

Paul

Kentucky

20,!«9,533
21,383,074

Barley

........

Mlaneaitolls

42,618

19.408.744

Corn
Oats

Baltimore
St.

55,628

24,738,485

bush.

Kansas Oltf

883,017

35,712,713

Wheat

Indianapolis .....

1,039,410

26,707,960

bbl$.

roronto
WoDtreal
Philadelphia
Peoria

1,804,217

1.OT0,458

Flow,

....

1,854.734

814,817

85.41)0

1.360.3.13

1,732,564

1,587,534

48,200

2.100
3,038.247
1,093,886
810.846
1,627,588

2,lll.7J7
1,804,000

iOJ..%00

•alatta

3,505.205

t2,045,198

147,003
Boston
101,340
Montreal
13,286
Philadelphia... 23,782
Baltimore
61,867
Blohmond
6,441
Norfolk, Va....
3,873
New Orleans... 11,156

Ktlwaakee

2'1'>,101

rolado

3,820,911

2.378.783

At—

Slffalo
imoatra...

Indiana
Nebraska...
Ohio
Michigan
Tennessee

1867

New York

afloat

Albany

huth.

8.531.726

Illinois

1885'...

*

Oo

Oom,

Wheal,
huih.

IM ilort al—

NiwTork

24.118
5,860

1,418,480

242.303
2*5,388
859,885

ma

Tim visible supply ut gram, OBtuui
g Mm
at th« principal points of •oonmoution at
ports, and In transit by water, October H, 1897

83>4
i>>t(ntlt
3i^
33\
331J 04WSK0
35\
36^
35\ St. Louis
demand aad is very Ulnolnnatl
Boiton

81^

519

60
73
70
46
61
67
70
66
73
58
96
98
72-8

18S6.

74
76
68
65
93
73
SO
85
89
92
87
89
HO

1385.

97
1>6

92
88
100
101
100

97
BO
90
96

96
95

1831.

88
106
102
101

67
105

74
95
89
86
92
93
93

1883.

76
68
82

92
80
87
«3
47
88
80
80
57
78

1883.

72

70
100
100

93
96
87
96
115
103

90
77
81

The test of tbresliing has not materially eulargeil Iho average rate of
the wheat yield, whicli appears to he about ll'O bushels, or four-leaths
of a bushel less than last) year. The inoreate of acreage, which Is large
In Dakota, will make partial compeusation and bring the product
nearly or quite to 450,000,030 bushels. The rate of yield in New York
Is 16-7 bushels; Peni'syivaiiia. 10-5; Ohio. 12-4; Michigan, 13-3; Indiana, 15'5; Illinois, 16'3; Wisconsin, 103: Minnesota, 9 5; Iowa, 10;
Missouri, 17; Kansas, 95; Nebraska. 10'7; Dakota, 10-5; California, 13*8.
The yif id of oats is slightly below an average, about 25 tushels per
acre. The product Is fully 600,000,000 bushels.
In the principal
States of the central valley region the State averages range from 25 to
30 bushels.
The barley yield Is nearlj- 20 per cent less than a medium yield, or

about 20 bushels per acre. New York. 20-3; Michigan, 19-5; Wisconsin,
IS-.-i; Minnesota, lil; Iowa, 19; California, 20-5,
The yield of rre is 11°6 bushels per acre, and the product about
24,000,00 J bushels.
There has been a drop In condition of buckwheat from 89 to nearly 77,
The condition of potatoes has declined from 67*3 to 61-3, parti; from
appearance of rot In the Atlantic States.

THE DRY GOODS TRADE.
NEW YORK, Friday, P. M,. Oct. 11, 1887.
Business in commiasion and importing circles was only
moderate the past week, but by no means unsatisfactory for
Gooda adapted for the preeent season were
the time of year.
more or leas quiet in first hands, but there was a steady movement

in

aome

deactiptiona on account of former transactiona.

summer fabrics there was a freer demand by
The exports from the several seaboard ports for the week jobbers and the manufacturing trade, and orders for certain
«ndinK Oct. 8, 1887, are shown in the annexed statement:
specialties were placed (for future delivery) with a degree of
Bxporti
freedom denoting ample confidence in the trade outlook. The
Wheal.
Oom.
Flour.
Oatt.
Bye.
A<u.
from —
jobbing trade was somewhat irregular, the unseasonably mUd
Bu*h.
BuMh.
Bbli.
Bush.
Bvak.
Buth.
weather which prevailed in wide sections of the country having
New York 179,017 251,690
86.211
3,303
1,974
B9«ton. ..
96712
9,820
59,712
tended to check the demand for consumption to such an extent
Norfolk..
12,021
20,500
357
found it necesaary to renew their assortMontreal 143,052
2,866
11.397
11,352 that retailers have not
For spring and

PhlladeL.

70,.'S00

Biltlmte
N.News..

86,000

N.Orl'na

50,317

lli.626

947,682

426.236

222.180

3,303

953.739

717.775

227,987

39,149

8,800
21,431

.....

19,930
37.20 J
3,250
1,039

Blohm'd.
Tot. w-k

S'me time
I8B6.

..

however, probable that a full average businen
and a like condition of afTairs was
reported by distributers in most of the Northwestern and
Southwestern marketa. Prices of nearly all domestic fabrin
16,326
remain firm, and desirable imported g^da are for the most part
81.910 steady in price. The commisaion houses report that the great
ments.

...

It

ia,

was done by

local Jobbere,

:

THE CHRONICLE.

520

little

delivery.

difKculty.

Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending October 11 were 2,681
packages, valued at $193,634. These shipments include 1,382
to South America, 300 to the East ladies, 285 to the West
Indies, 265 to China, 217 to Central America, 173 to Europe and
60 to all other countries. Since the It-t of January the exports
aggregate 151,123 packages, valued at |9,058,495. Of this
and
total China has had 75,836 packages, valued at $3,606,654
80,995 packages, valued at $3,235,363, have gone to South
For the similar period of 1886 the exports to
America.
in
1885 were
169,007 packages and
all ports reached
The demand for staple cotton goods
143,923 packages.
at first hands was chiefly governed by immediate requirements, but fome good-sized round lots ot plain and colored
cottons were occasionally secured (for future delivery) by
large jobberp, converters and the maaufacturing trade. Pi ices
of brown, bleached and colored goods ruled firm, and some
makes, as Pepperell brown drills, &c., were slightly advanced
by the mill agent?. Print cloths continued in moderate
demand, and prices are a trifle easier, the market closing at
per cent for 64x643 and 27^c. for 56x60i.
3 5-16c. less
Stocks laht Saturday and for the three previous years were
;

^

tame and

uninterestinir, selections having been chiefly of a
hand- to month character and moderate in the aggregate.
Some very fair orders were, however, place d for certam spring
and summer fabrics for later dwlivery. The auction rooms
presented considerable lines of dress goods, tilks, velvets, velvf teens, ostrich feathers, &o., for public co mpetition, but the
prices obtained were low in most instan ces and in buyers-

favor.

mportaUons of Dry Goods.
The importations of dry goods at this port for the wet k
ending Oct. 13, 1887, and since Jan. 1, and the same facts for
the correspondinir oeriods are as follows:

5srP5?S

"S £«
iE

£81,000

Total stock (pieces)

Oct. 9.

Oct. 10,

Oct. 11,

1886.

1885.

1884.

28,000
36,000
42,000
10,000

315.000
298,000
260,000
160,000

404,0t0
519,000
295,000
150,000

IsFllI
£:>

s;

."i

:

CiCO

I

tfkto

desirable

seereuckers,

demand

-q -J Cu CO ^1

O

T. CO

H O' #*

r^

X)

<:n

>c^

CO

*-

en

aco

•J en

cw

OJCDGO — ;c

-vl

y

OtoccHCi

©'^*.0iO

O' -J CO

00

OM
MM
WiU-qC0«O

^1 cow

'-3

-J -J

j<
o* tc
(t-

©CO

are steadily held.
Ginghams,
cords and chambrays were in good

o

GDMtCM JO

CO.,

AMZI DODD.
Aasets (Market Values), Jan.

1,

Liabilities (4 per cent Ueserve)

NEWARK,

CO to

MCrMMCO

Oo'iO

Nos. 214

N. J.

President.
1887... $40,826,284 16
37.874,800 21

M

A

216

O-*^ corf" 00
IP-

#•©
<1C0
CO to

^W

HB
Provident Life &Trust Co
OF PHILADELPHIA.
Incorporated Third
Mo., 22d, 18«5.

(CHAKTKK FBnPKTUAL.)

1^1,000,000

ASSETI^, 919,473,860 02.
INSCKKS LIVES, OHANT8 ANNU1TIK8, RECBIVBB MONBY ON DKP08IT, returnable on demand, oron which Interest is allowed, and Is empowered bylaw to act as KXKCUTOK. ADMINISTKA-

TOK.TKUSTKK, GUAKlJlAN, ASSIGNEE, COM.
MITTKB, RKCKIVKK, AOENT, etc., for the faith-

ful performance of which Its capital and surplus
fund furnish ample security.
All trust funds and Investments are kept separate
And apart from tbe assets of the company.
The Income of parties residing abroad vo,oau.i,
oarefullv
aoUected and duly remitted.

K. smPLKY, President.
W18TAU BROWN, Vice-President.
ASA 8, WINO, Vice-President and Actuary

BAM'L

tf*Ol

Qokto^ibi

CCrfk

Ht^OOXCO

CO to

CO CD

p

^*^

-

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ji,

M lO cc CO

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00 c«
to

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©-J ©CJ«^

^Vito^'co

o© t3cnOU

© ^

If^ittaticial.

CO.

STOCKS

various States

CASUAtTX DBPARXmENT.

acoldenU causinu deatk

totally disabling Injuries.

ON

WBDNBBDATS AND BATUBDATB.

ADRIAN
No. 1

Full information as to details, rates, 4c., can b«
''*'"' office, or of Company's Agents.

M-.BiCHARUs.Prest. Geo. F. Seward, V-Prest.
ISiJOHN M.CKANK, Sec.
RoBT-J.UlLLAS As8t.Se0.
DIRECTORS:
„
„ ^
A.

BOUUHT AND
TVANTED

.

Scioto Valley iiouds.

Sxxretysliip.

tSOOOOl
.'.....'.'.'.'."...
"'Of
9OO.'0Ol
n!!?.^*''^?.??'"'"'""
uepoiit
with Insurance Department
240,00C
Vice-President:
aro ALEX.
•?i*,!'l"iV
BIB
T. galt.
Hon. Jab. Fiuiunt.
M«na«ing Director Kdwahd Ha wuNes.
:

Secretary.

C. Murray, J.K. Pulsford,

SON,

SOLD.
:

all issues.

AIiBER'f B.

HACHFIBLD,

No.

A

fii«

Pine

Street.

Strassbui-ger. B.W.Strassburger. Leo.Strassburger

Strassburger

&

Sons,

No. 16 Cuiumerce St.,
noNTGoinicR V, ai.a.,
DEALEliiS ASD BltOKBRS IS BONDS. STOCKS
AXD MISVISLLANEOUS SHCtHtlTIES.

eOUTUEUN SECUlllTIES A 8PKCIA1.TY

OFFICE:

BROADWAY.

DiHicTOHH-Joseph W. Drexel,
Tii^'.Y 7""^
Dlcott,
Logan

&

Southern Central of N. Y. Ists.
Mlddletown Uniunvllle X, Water Gap 5s
ludiauapoliii & Vincennes Ists and 2ajB.

NO OTBXB BUSIKEDS.

OF NORTH AMERICA.

H. IHVLLER

PINE STEEET. NEW YOBK.

Investment Securities

B.Uull,
Alex. Mitchell,
?1?'.,?-£?*' ..
J 8.T. Stranahan,
H. A. Hnrlbut, A. S. Barnes,
J.D. Vermilye, J.G.McCullough
n'?f'5nS"'
G. (J. Williams,
JohnL. Klker, Thos. 8. Moore,
Geo. t Seward.
Wm. M. Klohards.

Casta Capital

REQULAB AUOTIOM

ot all classes of

STOCKS AND BOKDS,

oi

Co.

Dnderalgned hold

SALES,

?J9'*'8,*i.*'

The Guarantee

BONDS

and

At Auction.
riie

BONDS OF SURKTYSHIP

TOMPKINS.

tog to

pco<j-q

O C
CC M OS Oi
0>M tocojo
I

NKW YORK

a 00©

CCjO

ole»,

B. t. Winslow, Krascus

O

C^OSOt

CJ'OS

the protection of Pdlcy-holders.
Assets, July 1st, 18S7, tll33,83 157.

D. J.

'3D

rfkJOUl

couo
C0<1

a cc CO cc A>

omoials of Banks, Railroads and JCxpress Compa

NO. Ill

QD

toto:j»Mco
to

&3M
com

coy

Cash Capital, 1250,000, Invested in n. 8. Gov't Bonds
1200,000 deposited with the N. Y. Ins. Dent, for

Bonds of

tf>

cc

o — — to-i

^cc

Company at moderate charges.
m? bonds
The
of this Company are accepted by the
OOOrts of the

T

M

'-

toccoaosto
CO c;) ui to CO
<1 '.O
O"
CCf-JO--lrf*

BROADWAY, NBW YOBK.

Policies Issued against

X

WO3MC30i

M M

to

In case of LAPSE tbe Policy is continued in force
as long as its value will pay for; or, if preferred, a
Pald-np policy for its full value is issued in exciiangeAftertne second year Policies are incontestable,
except as aeainst tntentloial fraud; and oU restric.
tiona a* to residence^ trawl or occupation are removed.
CA8B LOANS are madeto the extei.'. of 50 per cent
ot the reserve value, where valid assignments of the
Policies can be made as collateral secur.cy.
Losses paid immediately upon completion and approval 01 proofs.

T.

w*
rfi-toooQceo

coco

Manaeers,8ecretaries,and Clerks of Public Com
paniea, ISBtltutlonsand Commercial Arms, can obtain

CAPITAL

^
10 to M M
coccx

*-:o

Snrplus
2.851,454
8arplus(Neif Tork gtandard)
5,612,129 31
POLICIES ABSOLUTELY NON-FOUFEITAULK AFTEK

8KCOND YEAU.

to ci to &;

U»M©UJ»-'

tf>-

CASUALTY

&.

COWMOiCTlfift

"i-l-ocoyi

M-4-IMl**.

I^ittatucial.

FIDELITY

'

"0,

were placed with the commiseion houses, and there were moderate dealings in heavy clothing woolens. Overcoatings and
cloakingB were in limited demand at first hands, but Jersty
cloths and stockinets continued in fair request. Satinets continued to meet with considerable attention, and there was a
light demand for Kentucky jeans and doetkins.
All-wool
dress goods were more active, some very good orders for
tricots, &c., having been placed for November and December

INSURANCE

CO
a CO u go
oX

ascoor-x

to a cautious hand-to-mouth policy despite the fact that most
of them have lately done a good average trade in garments.
Fair orders for lighc-weight cassimeres, suitings and worsteds

L,1FK

W ifikaDCOfTi

^tf»>tCX©

for the

The Mutual Benefit

ati

otoaosto

QDO
UCn

it*

01 o M
© '£ M ©
JD
MtOMM
CD

»-•

CJi

OP**.

-1

N- ^j to

:;•

Ott_top:o

0>*«M
©
eg <)

(KOI

•'J

>b. ii^

CgtOOiOiCO

COM

^
OS »C
•^ »o CO
*»

OiW

styles

*>.

©M
M w<JWiefc«

116,0001,053,000 1,368.000

^usxxxmits.

•

M

coming spring trade, and very fair orders
were placed for cotton hosiery and light underwear.
Domestic Woolen Goods.— Business in men's- wear woolens
was steady but moderate, wholesale clothiers having adhered

"

I

5

to©co

CO ^

O'lP-k-'MOi
cpc*3coe>co

!

zephyrs,

!

to OS 10
o: ro c.

Prints other than fine Fateens (in which a very good business
was done for later delivery) ruled quiet, but stocks are well in

-band and

I

i

tM!

00
to
05

CT.

Oct. 8,

Si

f

as follows
1887.
Stock of Print Cloths—
Held by Providence uianuf 'rs. 178,000
Fall River Mamitai turers .. 74,000
4^.000
Providence speculators
83,000
Outside speculators (est)

XLV,

Vol.

Flannels and blankets were more or lets quiet, but
stocks are well in hand and piices remain firm. Carpets were
fairly active for the time of year and leading makes are
steadily held by agents.
Foreign Dry Goods.— The market for imported goods was

majority of thtir customers are meeting their obligations with
marked promptitude, and jobbers are making collections with

very

I

F. P.

John ^aton

WIman, W. Butler Duncar.

Correationdeiice eoLicUed. Orders have prompt atteti'
ion.
Refer by permission to First National Bank, Montgomery, Ala.; Messrs. Moses Bros., Bankers, Moutornery, Ala.; Messrs. Joslab Morris
Co., Bankers,

Sloutgomery,

Ala.

&