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HUNT'S

MERCHANTS’

%

MAGAZINE,

fjrwisjnipn,

REPRESENTING^ THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATE L
YOL. 45.

SATURDAY, OCTOBER 22, 1887.
Week Ending Oct. 15.

CONTENTS.
THE CHRONICLE.

Wearing House Returns

The Finanoial Situation
522
Publio Land Sides aad Rail¬
road Building
52l
Bntish Politics aud the Irish

Question

Monetary

52S

Commercial

and

Net Earnings in

August

527
528

English News

Commercial and Miscellaneous
News
530

525
THE

1837.

Prices of imports and Exports

f»2l

BANKERS’

GAZETTE.
Prices of Active Bonds at N. Y.

Money Market, Foreign Ex¬
change, U. States Securities,

Stock

State and Railroad Bonds
and Stoohs
531
Range in Prices at the New
York Stock Exchange
...
532

Exchange, and Range
since January 1, 1887
533
Prices of Inactive Bonds
Local Securities
Railroad Earuings
Investment and Railroad N^ws

534

(Cotton

shares.)

bales.)
bushels.)

,<srain

(Petroleum

bbls.)

Worcester

Springfield

537

Lowell.

For One Year -(including postage)
For Six Months
do.

6

Cincinnati
Milwaukee
Detroit

Six Mos.

£1 8s.

Indianapolis

do

Subscriptions will be continued until definitely ordered stopped. The
publishers cannot bo responsible for remittances unless made by drafts
or Post Ollieo Money Orders.
These prices include rile Investors’ Supplement, of 120 pages
Issued once in two months, and furnished without extra charge to
subscribers of the Chronicle.

the

same

is

18

London Agents:
Smith, 1 Drapers’ Gardens. E. O., who will take
subscriptions aud advertisements aud supply single copies of the paper
Messrs Edwards &
at Is. each.

JOHN

DANA.

G.'FLOrD.

+10-2

777,220

87,072.833
5,007.000
1,700,477
1,118,315
1,003,948
1,073,047
925,003
033,427

108,322,001

99,195,280

01,542,550
10,389,595
12,507,241

13,05 J,950

84,439,380

80,117,792

04,108.584
11,402,150
4,484,700
4,3I0,*O3
1,822,058
3.400,729
2,5438.7 Is
1,352,200

00,070,734
10.465,400

3,002,250

2,149.510

5,151.420
2,280,401
4,207,417
033,021

4,017,421

942.801

1,129,070
970,270

Chicago

10

11 28
£2 7s.

WILLIAM 13.

(-52*4)

Total Middle

European Subscription (including postage)
Annual subscription in London (including postage)

A tile cover is furnished at 50 cents; postage on
oeuts.
Volumes bound for subscribers at $1 00.

(+90*3)

Bali i more

:
$10 20

do

(2.533.310)
(510,300)

(41,559,850)
(20,253,000)

Philadelphia
Pittsburg

Subscription-Payable in Advance

do

(2,508.533)
(982,000)
(19,7S9,312)
(30,028,000)
5,514.400
1,781,771
1,210,418

WILLIAM

U, DANA & Co., Publisher*102 William Street, NEW YORK..
'
Post Office box 958.

Cleveland
Columbus
Peoria
Omaha

Minneapolis

Stimulated

HOUSE

RETURNS.

by increased stock speculation the exchanges at

New York for the week under review record

gain

a

substantial

the preceding week. The aggregate for the other
by our statement also exhibits some addition to
the figures for October 8, so that in the total of all there is an
excess of $43,240,291.
The gain at Boston (some seven mil¬
lions) arises, as at New York, mainly, if not wholly, through
heayier dealings in share properties, the total value of these
transactions being fully double what they were a week
ago*
The marketing of the cotton crop continues on a more liberal
scale than last year, but the movement of cereal
crops, both
for the week and the season, show a falling off.
In comparison with the similar week of 1886 the
clearings
at New York record a decline of 7*5 per cent, and in conse¬
quence the total for the whole country exhibits a loss of 2*6
per cent.
At Providence, Portland Philadelphia, Baltimore
Milwaukee, St. Joseph, Galveston a nd Kansas City also the
present year’s figures fail to reach those of last year, but at the
last-named city this is entirely due to the occurrence of a
holiday this year. In any event the losses are rather unim¬
portant and not the result of any general cause. Of the clear¬
ing houses exhibiting an excess over a year ago Wichita takes
the lead with 69 per cent, and is followed by New Orleans
50*07, Peorja 45-8, Memphis 45*4, Columbus 44*8 and Omaha
89*7 per cent.
New York Stock Exchange share sales for the week embrace
a market valueof $128,930,000,
against $150,294,000 for the
over

cities covered

week of last year, and the exchanges
arising through
other than stock operations are $393,571,812 and
$398,532,054
same

respectively in the two




years, or a

decrease of 1*2

per cent,

-4*5

+5-3
+4*8
+22-7

88,905,054
5,130,300
1,942.990
1,393,900
1,180,257
1.185,746
1,155,040
034,071

+21*7
+ 11*7

+92

101.535,218

-3*1

64.C00.183

-38

8.402,059

+228
-8-4

05,116,740
10,097,342
11,200,939

+2*tt
+13*5
+10*7

—1*9

89,475,027

+5*8

+p*8
9 5

01.300,511

-8*0

11.400.500
4,845,248
4,4 47,058
2,048,2 i\

+12
+8*0
+ 17*9
+42*6
+81*3

**

—1*7

+4’8
+8-8
—1P4

4,081 ,fc03

—

3,470,400

42

+25*2
4-22*4

1,4^8,000
2,‘'59.334
1,752,880

+15* 1
+44'8
+45*8
+39*7

927.149

+4*7
+7*0

+10*8
+2*0
+13*0

8,493.107
2,539,205

+15*9

1,353,80-4
2,949,220

+28*2

+ 35*4
4-0*3

5,992,970
2.499,449
4.445.181
610,008
730,424
3.40+025
289,998

510,147
392,438

+220

109,524,755

99,967,934

+9*0

108,757,881

+ 0*0*

18,027,700

10,510, =47
1,308,592
0,977,204
4,533.851

+12*8

17,027.939

—0*4

1,484,85 L

+50*7
+24*8

8,767,685
5,787.559
7,001,908

+6*4
•+02*1
+19*3
+ 24*8
+12*9

003.130

St. Louis
St. Joseph
New Orleans
Louisville
Kansas City

1,407,284
10,510,955
5,850,140
5.868,071
2.354,142
1,733,999

4 09*0

Total Southern
San Francisco

-20

+23*0
+2*0

-| 32*0
+ 00*9

0.023.147
1.019,409
1,743.071

+45*4

2.494,000

-0*0

+09-2

1,330,100

1,032,914

+28*8

2.027.977
1,211,003

+17*5

47,494,451

89,949,155

+ 18*9

45,802,982

415 6

17,724,400

13,340,138

432*8

18,388,980

+50*4

—2*6’1,040,161,580

-lit

303,900,083

+4*t

Galveston
Norfolk

*

(—20*9)
(-47*0)

(17,200.000)

2,817,344
218,400

1

(-45*8)
(+30*4)

3,849.949

Topeka*

Total all

(+51*2)

(1,744,841)

(542,000)
(So,345,000)

4 9 3

Grand Rapids
Wichita
Duluth*

Outside New York

(-P0)

+108
+ 14-8

Memphis

CLEARING

-18f

670,201,492

1,990,903

Denver
St. Paul

Total Western

P. Cent.

$
-75

T T

530

*

95,989,445

End'g Oct. 8.

1887.

P. Cent.

774,127,051

New Haven
Portland

Week

715,800,812

Boston
Providence
Hartford

535

%ht Chronicle.

1880.

t
Now York
Sales of—
(Stocks

Total New England...

Terms of

NO. 1,165

,oai,401.871 1.112,708,953
307,505,059

338,570,8941

f8

0j

—1*4

Not included In totals.

The

returns of

exchanges for the five days, as received by
an increase over the corresponding period
of last week of about thirty-three million dollars. Contrasted
with the five days of 1886, the aggregate for the seven citiei
record a gain of 0*9 per cent.
Our estimate for the full week
ended October 22 indicates an excess over a year ago of
about 4*5 per cent.
Messrs. R. G. Dun & Co. report the num¬
ber of failures for the week ended to-night (October
21) as
201 (172 in the United States and 29 in Canada), against 202
telegraph, exhibit

last week and 198 for the

same

time

a

year ago.

Week Ending Oct. 22.

Returns by Telegraph.

1887.

P. Cent.

End'g Oct. 15.

1887.

P. Cent

(1,784,053)
78,255,828
50,472,038
11,161,438
53,989,000
14,350,041
8,821,166

t
020,282,377
(2,131,832)
70,533,141
56,123,422
10,279,753
46,318,000
13,852,159
6,386,210

843,183,265
169,147,129

835,784,002
146,831,448

+15*2

Total full week
1,012,330,394
Balance Country*.......
100,371,247

982,046,110
82,240,033

+3*0
422 o;

979,307,550
104,462,108

+17*2

New York..
Sales of Stock (shares)....
Boston

Philadelphia
Baltimore

Chicago
St. Louis

New Orleans

Total, 5 days
Estimated 1 day

Total week, all

$
619,033,154

1886.

Week

—1*1

(-10*3)
+2*2

+0*0
+8*0
+10 0
472,

+38-1!

40*9'

1,112 701.641 1,004,880.143

•For the full freek, baaed

on

last week’s return*.

$
589,483 931

(2,000,163)
79,781,517
52,134,281
10,453,818
53,732,000

—S'2

(-5*5)
+110
+1*8
,

—4*1

15,751,153
8,008,740

+4"T
+14*5
+52*0

810,005,444

—4*3

169,302,106

—4*1

+4*5 1.083.709,058

-4*3

—2

THE

522

CHRONICLE.

[vDr. XLV.

future
THE FINANCIAL SITUATION.

market
the past week, though at bank the changes in rates are not
so material as the change in tone would lead one to antici¬
pate. The truth is the demand continues to be compara¬
tively urgent, while the movement of money to the interior
has been more active again.
So far as call money is rep¬
resented by bankers’ balances, it has been decidedly
easier, ranging from 5 to 3 per cent and averag¬
ing about 4 per cent. Time money is quoted at
5 to 5-J bid on prime security,
but we hear of
takers
no
under 6 per
cent.
There have been
Borne exceptional time loans by banks at
per cent on
Government collateral and they have been cited as a
gauge of the maiket; but they were round amounts and
due to special facts, which make them no indication of
current rates.
Reports from other centres of trade also
show an easier feeling; this is especially the case at Boston.
At Chicago a good demand is noted for crop and other
purposes. We see, however, by our reports of the interior
movement received from our banks that the larger part of
the shipments this week were to the East and North and
near-by places, the total to the West and South aggre¬
gating only $895,000 out of a total of $2,320,000. As
to commeicial japer, it is in fair demand at 6 per cent for
There has been

a

much easier tone to the money

60 to 90

day endorsed bills receivable, 6£ to 7 per cent
and 7 to 8 for
good single Lames having from four to six months to run.
Tne Bank of England minimum remains unchanged at
4 per cent, and discounts in London of 60 days to three
months’ bank bills are easier at 3 to 3£ per cent.
Tiiese
lower rates are undoubtedly in the main due to the decline
rin our foreign exchange market, which precludes for the
time being all chance of any demand for gold for America.
That is to say, if money in London was only influ.
enced by trade conditions and requirements, it would rule
very much lower than it has ruled the most of the time
during late years; but the “scarcity of gola” is so apparrent that the Bank of England, at the least fear of losing
it, not only puts a premium on bullion, but pushes up the
minimum to guard its stock, while threatening a further
rise if the shipments continue.
Had there been overtrad¬
ing or excessive speculation, there would be reason in thus
putting the screws on business. As it is, is there
anything but .the “scarcity of gold” that explains,
induces or justifies
the movement ?
Jn Germany,
the failure
of
a
Leipzig discount bank having
capital of 9 million ma?ks, appears to have had an
unsettling effect on money, the open market rate at Berlin
having advanced to 2£ to 2|- per cent. The street rate at
Palis is 2£@2-i per cent.
The Bank of England is
to
have gained £48,000 bullion during the week,
reported
caused as we learn by a private cable to ours* Ives by an
import from South America and elsewhere of £98,000 and
an export
to Lisbon of £50,000.
Our foreign exchange maiket was further advanced
one half cent
on
Monday for long sterling, the reason
assigned being a scarcity of commercial bills.
This
reason
may seem strange in view of the very free move¬
ment of
cotton, largely in excess of last year.
The
explanation given is that banking houses having Southern
connections have managed to absorb all bills
drawn
against these cotton exports, and they have been used to
a
great extent to cover gold imports and remit
for
stocks
sold
for
European
account.
Had
it
not
been
for
this
supply,
exchange would
have advanced more decidedly.
Even now the offerings
of cotton bills are reported very light, and mostly for
for four months commercial house names,




delivery, making the rates for commercial sterling
high for this season of the year. On Wednesday there
an easier feeling in
was
the market and rates were
reduced a half a cent, but the continental exchanges
remained firm.
Thursday the market was stronger again,
the operations of the arbitrage brokers resulting in a con¬
siderable demand to remit for stocks, but there was no
change of rates on that day or yesterday. The arrivals of
gold during the week have been $736,000 on Saturday,
$1,135,668 on Monday and $1,109,250 on Tuesday—the
two former amounts being from the continent and the
latter amount from London.
The

public has begun to appreciate the importance—not
generally recognized when we called attention to it last
Saturday—of Secretary Fairchild’s new arrangement for
placing in depositary banks all his current surplus reve.
His plan has been working now another week, and
nue.
as we anticipated,the fear of future Treasury accumulations
has wholly gone, while as a practical result of the arrange¬
ment, no currency has been extracted from commerce by
Government operations.
Hence, so far as the Sub-Treasuries are concerned, receipts and disbursements have almost
absolutely balanced, leaving bank reserves substantially
untouched, to gain by impoits of gold and to lose only the
net loss on the interior movement.
In other words, there
has been nothing artificial disturbing the money market.
Trade influences alone have been in operation, and as the
outflow for crop purposes has in a measure subsided, it is
no surprise that
discount rates have declined. We are
particular in stating these conditions, not because we
think any one should need to be told them again, but
because so many continue to write about Mr. Fairchild
regulating the money market,” whereas it is precisely
what he is not doing. He is, we repeat, so conducting Gov¬
ernment monetary affairs under the trying circumstances
in which he finds them, as not to let them “regulate”
“ Hands off” is
money or interfere with it in the least.
“

conservative classes have

all that

asked

or

wished of the

Secretary, and that is all-this arrangement gives; so
hereafter no interest need expect either to “ boom” or
to “

break”

on

So far then

hindrance

to

Government
as

the

action.-

activity in money has bseu an actual
many have believed it was a

trade—and

thought it was—the field
any expansion which may be in accord
with the temper and spirit of the times.
Tne change in
the money conditions is at least sufficient to afford a

greater hindrance than we have
is now

clear

whose

we

all

needy merchants and borrowers
enterprise has a substantial basis. It
not, however, keep expiring “Wneelers” alive, and
trust
also it
will
not
progress far
enough

measure

will

for

of

relief to

credit

or

“corners” again.
Tne failures daily announced, and
even the stories
reported as to the collapse in certain mining properties of
the Gogebic iron range (if.the latter were ail true, which
they are not, as we are informed), can be easily made alto¬
gether too much of. Such events do not presage or indi¬
cate any general insolvency; only that the day when faith
could be a substitute for value has passed; what is going
on is a sort of
weeding process, which ought to help the
good plants grow the stronger. As' to the volume
of trade in progress, it is still large ; and that is
the report which comes alike from the South and from
the West.
In this city and other Eastern centres there is
something of a lull reported. We are passing a peiiod
which is between seasons in certain important markets,
notably in dry goods, when little is expected, and this in
part at least accounts for the smaller movement. The
to

induce

banks

to

lend support to

iron and steel rail trades continue

in

an

^unsettled condi-

October 23,

THE

1887. J

positively lower so much as inactive and
weak awaiting future developments.
As bearing upon the general business situation, the ac¬
tivity and higher prices in the anthracite coal trade are
also interesting.
There can be no doubt that this activity
reflects a greatly increased demand—iu fact, all reports
agree on that point.
But while the consumption is excep¬
tionally large, there are also some exceptional circumstances to account for it, and these modify the conclusions
to be drawn from it and impair its value as an index of
general industrial activity. The special stimulus to the
present large demand for coal is found in the strike of the
miners in the Lehigh region, to which we have bafore allu¬
ded, and which still continues in progress. This has produced
somewhat of a scare among consumers, large and small,
and doubtless caused a great many to anticipate not alone
immediate but also in a large measure future wants.
In
addition, those buyers who had been deferring purchases
in the hope of seeing lower prices, also precipitated their
tion, not perhaps

orders

on

tte market

portions.

result the
has been swelled to large pro.

after the strike, and as a

demand for the moment

J3ut however we may qualify the activity as an
general trade, there can be no
coal companies it is proving a beneficial

indication of the condition of

doubt that to the

523

CHRONICLE.

ersier, and the fear of possible stringency has in great
affairs

through Treasury action. Reading
progressing satisfactorily to a settlement, and

been removed

measure

are

The Baltimore & Ohio has

foreclosure has been averted.

placed in the hands of a powerful syndicate, and not
only relieved of financial embarrassments, but been put
in harmony with other trunkJine interests.
The B. & 0
Telegraph has been sold to the Western Union, placing
the latter in virtual control of the telegraph situation.
The Oregon Trans-Continental has had its loans taken
care
of, and the Union Pacific and Northern Pacific
been brought into closer relations, with reports now that
the joint lease of the Oregon
Navigation has been
finally perfected. In the Northwest, the situation arising
out of the multiplication of new lines, has grown no worse.
The anthracite coal roads are finding a very active demand for their staple product, and at good prices, too. In
addition, reports of railroad earnings continue much
better than expected in view of the comparison with heavy
totals last year, and in the South especially the increase at
present is marked, due to the early and free movement of
the cotton crop.
In view of all these favoring influences,
and the disposition in some quarters to regird existing
prices of stocks as being low, it is not surprising that the
market should wear an improved look.
Tuere is as yet,
however, no sign of any increase in outside speculation.
Iq fact, the public holds studiously aloof, and the trading
is principally confined to the professionals.
The following statement, made up from returns collected
by us, shows the week’s receipts and shipments of currency
and gold by the New York banks.
been

magnitude. Mr. John H. Jones has
this week issued the figures for the month of September,
and though the stnke was an iifliHLce only during the
latter half of that month, )’ev, the results are interesting.
We And that while the two companies which miue Lehigh
coal, namely the Central New Jersey and- the Lehigh
Valley, both show a reduced production, an 1 the Penn,
Net Interior
Received bp
Shipped bp
Week ending October 21,1887.
sylvania Coal also shows a small loss, the other companies
Movement.
N. Y. Banks. N. Y. Banks.
have so increased their production that the total output
$1,805,000 Loss..! 1,068,000
$737,000
Currency
Loss..
515,000
515,000
by all the companies is 211,182 tons greater than a year Gold
Loss..#1,583,000
$2,3 20, 000
$737,000
Total gold and legal tenders....
ago.
It should be understock, however, that in Septem¬
Tne above shows the actual changes in the bank hold¬
ber, 1886, the production had been greatly curtailed, and
that the present total is not as great as that of two years ings of currency and gold caused by this movement to and
ago.
The whole of the 1887 output has been consumed, from the interior. In addition to that movement the banks
and 234,667 tons more, for during ti e month stocks at have gained $3,400,000 net on Assay Offbe payments
tidewater points weie reduced that amount, standing for gold imports
and the operations of the Subon
394,748 Treasury. Adding that item to the above, we have the
September 30 at the low figure of
tons,
against 518.306 tons on the same day of following, which should indicate the total gain to the New
1£86 and 815,907 tors on the same day of 1885.
But York Clearing House banks of currency and gold for the
though the consumption was very large—decidedly heavier week covered by the bank statement to be issued to-day.
than in 1886—yet the total is not quite up to that of
Into Banks. Oat of Banks} VetChmjein
Week ending October 21,1887.
j Bank Holdings.
1885, when however the aggregate was unusually large.
$2,320,000 |Loss..U,583.000
$737,000
Banks’
Movement,
Interior
as
above
The following shows the results not only for Septem her,
0,9'Ju,040 jGuin.. 3,4)9,000
10,3 0,000
Sub-Treas. opera, and gold imports.
but for the Line months ended with September.
$9,^2*0,000 )Gaia..$1,8\7,000
$11,037,000
Total gold and legal tenders
influence of considerable

...

Jan. 1 to Sept

September.
Anthracite Coal.

1887.

1886.

1885.

Tons.

Tons.

Tons.

754,545

874,681

1887.

1886.

Tons.

Tons.

Tons.

of period

(329,415

649,059

988,782

Production

3,137,054

2,8 0,4 <2

3,259,183 23,001,450 22,535,197 21,7-5,422

3,707,06.'

3.545 53 i

3.41,748

518,306

4,247,9"5 25,373,752 23,289,742 22,660,103
815,907
518,306
394,74s
815,907, i

3,372,321

3,027,225

3,432,058 124,978,984 22,771.436 21,841,196

Stock

beginning

Total

supply

.

St’k end ol period
Consumption

.

From this it is

evident that

372,2-2

wnatever may

The Bank of

30.

be said of

showing for the month, for the nine months the result
is unmistakably
satisfactory, the consumption in 1887
reaching 24,978,984 tons, against only 22,771,436 tons
in 1886, and 21,844,196 tons in 1885.

from abroad.
gold and the
of
Bank
Germany, since the last report, gained 4.200,000
marks.
The following shows the amount of bullion in
the
principal European banks this week and at the
same

lima last year.

this week has

recovered somewhat

prices. Of course, it is presumable that
in part at least the better pi ices are due to the covering
of outstanding short contracts, and it is evident also that

both in tone and

those operating for a
and beyond this
the situation has improved in a number of important partic¬
ulars during recent weeks.
Money has grown distinctly
the pressure against the market by
decline has somewhat abated; but above




October

October 20, 1887.
Banks of

the

The stock market

England gained £48,000 bullion during the

This represents the net movement
The Bank rnf France lost 7,550,000 francs
week.

Gold.

20,053,032
Germany*

46,012,116 47,640,532
....

19,478,560 17,273,440

Netherlands..

6,700,000 L4,601,000
4,021,000 8,103,000

Nat.Belgium*
Italy

2,469,000
6,983,000

Aust.-liung’y

National

£

£

£

France

Total.

Silver.

1,235,000
1,118,000

20,053,032
93,652.618
36,752,000
21,301,000
12,126,000
3,704,000
8,101,000

Gold.
£

21,1S80.

Silver.

£

20,148,657
53,912,607 45,521,8 0
17,485,230 15,505,770
0,478,00c 13,722,000
0,573,000 8,030,000
2,031,000 1,315,000
7,422,000 1,084,000

Total.

£

20,148,057

99,434,467
32,991,000
20,200,000
14,612,000
3,910,000
8,500,000

105,716,708 89,972,972 195,689,680 114,050,554 83,187,570 199,833,124
200,111,910
Tot.prev.w’k. 105,732,966 89.901,136 195.634,102 115,084,700 85,027,210

Tot. this week

gold and silver) given in our table of coin and
aud the Bank of Belgium is made from
the best estimate we are able to obtain; in neither case is it claimed to bo
accurate, as those banks make no distinction in their weekly reports
merely reporting the total gold and silver; but we believe the division
*

The division (between

bullion in the Bank of Germany

we

make is a close approximation.

52 I

THE CHRONICLE.

The Assistant Treasurer received
the Custom House.

the

following from

included, the total for

Oot. 14.
“

15.

“

17.

“

18.

“

13.

Year.

U. S.

Gold

Silver Ger-

Notes.

OerU/ic’8.

titivates.

$490,035 78

$5,530

342,737 03
470,8 47 48

3.000

40,000

3,500

42,000

$43,003

other years,

530 000

312,000

20.

55,000
45,000

5,500

43,000

353,000

48.000

Total..

$2,870 593 07

$33,000

$237,000 $2,204,000

$.88,000

in

the

above payments were

$8,000

The

in

LAND

SALES

silver

1882

Year.

18,233,821
16,830,455

1880

12,520.202

1870..

foregoing shows that

I

Acres.

1-81

8,370,518
0,000,405
8,010,250

.,

Year.

|

j 1878

(

1

1

A cres.

7,100,334
8,439,457

the. annual

disposals now are
they were prior to 1882. In only two
namely 18SG and 1881, have* they been

most

importance is the way the aggregates havt
kept up for a series of years. During the last seven years,
according to the above figures, no less than 107,709,997
acres of land have boon
disposed of by the Government,

RAILROAD

BUILD INC.

Though the size of the public domain, and especially of
more desirable
portion, is growing so much smaller
each year, Government sales continue on a
very large
scale.
From the Land Office at
Washington we have
obtained the figures for the fiscal
year ended June 30 last
and they show disposals
for the twelve months of 17,40G,G5S

either for cash

the

New
sey,

that

to the
range
some

ber culture entries.

area

equal to the whole of the

England States, together with New York, New JerPennsylvania and Delaware. If now we bear in mind
the railroads also have
disposed of large quantities, it

is evident that

of which 5,587,910 acres were sold for cash, 7,594,acres
represent homestead entries and 4,224,398 tim¬

under the homestead and timber culture

or

This represents an

acts.

acres,
350

1884

twice what

feature of

AND

Acres.

greater than in the present year, the totals in those
years
being eacli about 800,000 acres heavier than for 1887, or
18,309,942 ' and 18,233,821 acres respectively. But the

coin, chiefly standard dollars.
PUBLIC

10.083,341|

over

43.000

Included

18,309,042 1883

57,000

05,000

„

1883
1885

43,000

7,500

“

17,400,(5581

$ 10,000

8,000

Year.

1887

$401,000
250,000
377,000

003,‘*57 90
433,498 93
459,9-1 OO

\

Acres.

Duties.
Gold.

1887 would rise to above 25 million

acres.

Consisting of—
Dale.

[ VOh XLV.

considerable addition has been made
of territory under settlement and cultivation,
a

of which is

rest will bear

very

already yielding good results, while the

fruits later

It is

evident, too, that in
large addition to the area under settlement, wo have
tract, but a butter idea of its extent is obtained by recall¬ the bash for the
rapid extension of new railroad mileage
ing the fact that it exceeds the combined area of New in the remote sections of the
country.
Hampshire, Vermont and Massachusetts. Of course it is
The bulk of the
west of the Missouri River ;
takings
lie
not to be inferred that all this land
is at once brought in fact, about two-thirds of the
whole quantity is found in
under cultivation and
improved. Probably in many cases Dakota, Nebraska, Minnesota, Kansas and Colorado—
very little is done the first year beyond
making the formal precisely the States where railroad construction has been
and mostly nominal entries
required by law. Where the of lato most active. Colorado has more
recently attained
land is taken
by actual settlers some of it may be broken, its prominence in this particular. In 1884 and 1885
the
but in general operations will
hardly begin in earnest till public sales there were only about half a million acres, and
the second year, and as each settler
may be supposed to in the earlier years much less.
In 1880 the amount had
take the maximum of land allowed
increased
to
a
by law, and as its pre¬
million and a quarter, and now for 1887 it
paration for crop work requires time, it is evident that the en¬ is over two millions and a
half, or more than was disposed
tire available portion of the
entry is not brought under full of in any other State or
Territory except Ivans is. The
cultivation till years after its
disposal by the Government. reaching out towards Colorado of so
many of the large
It is a fact however that the
public land sales have been systems of road, probably accounts for this increase. In
large for several years past—in two yeais- at least Kansas the
takings have fallen .from 5,541,251 in 1880 to
It is obvious that

17,400,658

acres

make

heavier than for 1887—and the fruits of
earlier settlements are

a

very

some

this

large

of these

on.

3,719,441

acres

in 1887, but that State nevertheless has

a

being experienced now. In part
any other.
In Dakota the falling off
these takings have followed directly as the result of rail¬ from the best
previous years is still more marked, but the
road extensions,
making the lands accessible, and in part aggregate remains largo—over two million
acres, though
they have preceded such extensions and furnished the last year it was over three
millions, and in 1883 and 1884
inducement for building them.
In both cases the con each over six millions.
Nebraska, like Colorado, lias atota
struction of the new
mileage has been an important factor of over 2.J- millions, but in 1885 had 8T millions. In Minne¬
in developing the new sections.
We need hardly say that sota 070,577 acres were
disposed of, against 411,539acres

public land sales constitute only a portion of the now terri¬
tory opened for settlement and occupation, that in addi¬
tion there have been
large sales by the railroads of which

heavier total than

in

1886, and 1,292,969

acres

in 1833.

It is

obvious, of
quantity of desirable
greatly
diminished.
Because of
no records can be obtained.
As will appear further below the
prominence of these States, both in point of public
from a study of the
mileage in the district where the Gov¬ land sales and new railroad mileage, we bring their
aggre¬
ernment sales have been
heaviest, the increase in railroad gates together in the following table, a line
being added
construction has more than
kept pace with the extension at the end to show the total miles of road in the five
of territory.
Before dwelling on that fact, however, States on the 1st of
January of each year.
we give tn >
following sum-.nary of the aggregate dis¬
State,
1882.
1883.
1885.
posals by the Government for each of the last eleven Territory. | 1851.
1884,
I860.
1887.
course, that in all these States
land remaining has been

the

or

It should be understood that thes8
aggre¬
gates,-as well as the figures all through this article, relate
simply to lands presumably entered for settlement and
cultivation—tha is, disposed of for cash and under the home’
years.

stead and timber culture laws.

They do not cover lands
certified to the railroads, or
swamp lands patented to the
States, or other disposals of that character, which
being

mere

transfers, have

no

bearing

land entered for settlement.




upon the question of new
If that class of sales were

1

Acres.

Acres.

D'kota T’r

2,533,236 4,355,0 58
Minnes’ ta
843,903 1,035,736
Nebraska.
643,200 884,028
Kansas.
..j 709,156 901,001
Colorado
215,042 275,557

Acres.

Acres.

Acres.

510,467

..'5,004,002 7,504,420,10,517,241 'll,123,944

11,149,912 13,251,301 11,499,097

Mileage In
operation'

Here

1886,

1,375,104
808,055

410,919]
•

11,299

we see

13,079

14,903

that about

15,893

16,793

17,521

21,200

11J- of the 17-£ million acres dis¬
year, are located in these five States13J out of about 1S£ millions were in those

posed of in the late
in

Acres.

0,009,207
937,870
2,015,101
985,193

3,741,130' 8,006,419 2.008,700
505,101
411,539
670,577
3,515,705 3,037,714 2,513,620
2,832,401 5,541,251 3,719,441
552,599 1,254,343 2,526,699

.

Total.

Acre;.

6,089,594
1,292,909

THE

22, 1887.J

October

CHRONICLE

about 16 millions, and much1
the same proportion in the earlier years.
For the two
years, 1886 and 18873 the takings of these States reach
24,750,398 acres—an area about equal to that of Maine
and New Hampshire.
From the 1st of January, 1886, to
the 1st of January, 1887, the miles of road in the five

States, in 1885 11-J out of

increased

States

from

17,521 miles to

21,‘200

m

les,

or

525

BRITISH POLITICS AND THE IRISH

QUESTION. ^

As time advances the

Britain does not
and

more

general political situation in Great
improve. The Government becomes more

resolute in

Gladstone and

the

the

enforcement

Liberal Federation

the action of the Government

as an

of the

law.

Mr

Society denounce

encroachment

on

tlie

Mr. Chamberlain has been
In the current year to date over 2,800 miles liberties of the people.
received
by enthusiastic crowds in the North of Ireland,
more have b en a ide ?, miking about 6,500 miles increase
and
the
enthusiasm whicli his sentiments have called
in less than two years, which is more than the total
mileage in operation in the whole of New England, forth shows clearly enough that it will bo no easy matter,
if we go back to the 1st of January, 1880, we find that the even if Home Pule were granted, to make the Protestant
total mileage in the five States was only 9,353 miles, while North and the Catholic South contented under the same
nowit is 24,000 miles, an increase of nearly 15,000 miles. local government.
Mr. Bright also, who is still a power
The public laud sales in th j last eight years in those States among Englishmen, in a letter written to one of his
were
76,187,691 acres, an area equal to that of the New friends, and whicli has been printed in the London Timet,
England States and New Jersey and New York, in which expresses himself with great bitterness on the whole
States the total mileage in operation is now less than 16,- subject of Home Rule, and uses language of unqualified
000 miles, while, as we have seen, the increase since 1880 severity regarding both Mr. Parnell and Mr. Gladstone.
n the five Western
States named, has been about 15,000 Mr. Gladstone winds up his oration at Nottingham by
miles. Of course, these public land disposals even if it were glorifying the great Liberal party, a party “ which has
never drawn its political sword except to sheathe it in an
possible to supplement them with the r ailroad sales, offer
hour of acknowledged victory, and whicli has deliberately
no guide to the extent of improved laud
in the five States
“and definitely inscribed upon its banners the national
ln question, and are only a partial guide to a correct concln
cause of Ireland,” and predicts
a triumphant issue “ to
sion as to the increase from year to year of the arnoun
the
that
one of
ever wakened the ener¬
noblest causes
brought under cultivation. We do not offer these figures,
therefore, as a measure of the capacity of the district gies of man;” while Mr. Bright, referring to the same
for supporting new railroads, but only as a suggestion of subject, says the Liberal party is asked to make a great
the rapid development in progress concurrently in both and unprecedented surrender—“t® forget its noble past}
“and to adopt a future leading to a gulf, the depth of
fields of industry.
3,679 miles.
.

“

“

“

“

mentioned, there are some other sec¬ “which no man can sound.”
Amid this chaos of conflicting sentiments and purposes
tions which are rising into prominence.
In California, for
instance, the land sales are much larger than in other there are some things which can be seen with sufficient
The increase, however* clearness, and about which we are not permitted to make
years, and reach 1,276,808 acres.
does not extend to the rest of the Pacific Coast section
any mistake.
The union sentiment is as strong as ever.
It
this
sentiment
which split the great Liberal party
was
like Oregon,’Washington Territory, Wyoming, Idaho and
Nevada, which all show smaller takings than in 1886. In in two, which overthrew Mr. Gladstone’s administration,
the South there is a pretty general extension, which is not whicli placed Lord Salisbury and the Tories in powerr
surprising considering the great industrial development and which has since been the great source of strength of
going on in that section. In Alabama, for instance, the the Tory Government. It was not so much an unwilling,
disposals were 604,852 acres, against only 224,913 the ness to grant Home Rule to Ireland which brought
previous year, in Arkansas 562,982 acres, against 276,801 about Mr. Gladstone’s fall and the triumph of his oppo
in Mississippi 218,605 acres, against 127,779 acres, and Tn hents, as a conviction, whicli had become all but general,
Louisiana 350,312, against 140,756 acres.
The following that Mr. Gladstone’s plan of Home Rule would disrupt th®
will show the takings during the last seven years in all the empire.
There is no evidence that the mind of the nation,
has
undergone the least change on the main question.
States and Territories where there are any public lands.
The determination was never more resolute than now that,
DISPOSALS OF PUBLIC LANDS FOR CASH AND UNDER TIIE HOMESTEAD AND
TIMBER CULTURE LAWS BY FISCAL YEARS FROM JULY 1,
with Home Rule or without Homo Rule, with Ireland in
1880, TO .JUNE 30, 1887.
a state of discontent or with Ireland pacified, nothing shall
be allowed to disintegrate the Queen’s dominions or to
1886.
1883.
1835.
1887.
State# Sc
1884,
1882.
1881.
Territo'cs.
diminish the ultimate control of the Imperial Parliament.
Acres«
Acres.
Acres.
Acres.
Acres.
Acres.
Acres.
At the same time it is felt that things are not as they
338,998
224,913
604,852
38*3,093
191,476
324,131
400,91:’
Alabama.
57,428
49,485
160,076
152,688
144,393
21.157
Arizona..
17,124
ought to be, that no progress has been made towards a
40 *,659
562.9S2
276,801
316,942
244,203
Arkansas
437,01
421,558
704,274
final solution, and that a continuance of the present policy
935,410
951,193 1,27*5,808
897,834
415,40!
493,336
Calif’rnlu
410,919
516,467
552,599 1,254,348 2,526,699
Colorado.
275,557
215,0 U
holds out no better prospects than that which the people
Dakota
2,533,*3
1,355.039 6,689,595 0,009,307 3,744,136 3,006,449 2,068,760
Besides the States

..

Florida
Idaho

..

....

Indiana..

147,978
133,9010,071.
41

321,591
106,94s
10,04 >

434,749

40

57

232,6 J

Illinois...

677

634

0,308

769,15*

901,061

803,655

Louisiana

117,63
299,6: ■:.

483,176

487,599
32 >,537

MinnVta

Mississ’pi
Missouri.
Montana.

Nebraska
Nevada...
N. Mexico

Ohio.

843,93b
130,976
112,849
103,073
013,2J(
19,49;
88,65i

...

Utah

Wash.T’r
Wlsco’s’n

Wyom’ns

129,090

262,450
4,257

237,848
3,514

40

132

238

39

035,19:3 2,832,401 5,541,251
520,644
140,756
159,590
273,693

81,773
505,101

937,876

1,292,909
510,511
236,089

239,024

111.000

403,532

246,158

418,302

279,994
318,601
3,515,705
3,037

1,375,104 2,615,101
3,437
4,990
215,376
218,s36

104,329
411,539
127,779

204,576
263,974

162,505

3,037,714
3,411 1
201,450
495,216
194,835

3,719,441

350,312
134,522

670,577
218,605
225,832
253,465
2,513,620

2,698
140,220

209

55

301,199

499,770

82,712

83,909

111.714

535,943
120,368

407,859
167,730

374,823
234,867
46,203

414,165
447,268
58,307

703,719
454,003
187,409

915,128

480,181

473 041

492,433

293,572

166,177

237,546
452,777

301,653
2-82,087

Or’nd f ot. 8.370 5 i m




10,827
103,739
5,107

216,258

201,734

..*.

Oregon

512,32s
1,085,737
: If 8,217
263,165
181,690
834,02*

273,031
284,903
5,045

6,597

Kansas...

Michigan

609,0t>4
269,451

........

552,807

595.787
1 O 9 ft.v* * |

: 1

6.083.811 18 30’* "4

456,451
141,328

*7

406.658

of the three

kingdoms have had for years past—Imperial

legislation effectually blocked by the Irish quest'on.
It is this latter sentiment which gathers strength. Some¬
thing, it is felt, must be done to make an end of this block¬
ade of legislative business.
In regard to this matter, it is
impossible to disguise the fact that the present Govern¬
ment has failed to meet the expectations of the great body'of
the British people
Its policy so far has not been success
ful; nor does it just now promise success. Much time haSi
it is true, been wasted in securing the necessary authority
from Parliament to use extraordinary means for the main¬
tenance of law and order.
But something more is wanted
than the mere maintenance of order.
In its own place it
s all-important.
It is impossible, in fact, to exaggerate

THE
its

importance.

CHRONICLE.

But order which is preserved through

geceral

[Vol. XLV.

of the decline, and from the statement
reasonable approximation to its actual
average rate.
A first fact, then, that these tables shows is
that the
nature

pressure endures only while the pressure lasts.
Remove
the pressure and the disorder will
reappear. At the present
moment the British
people, like the rest of the

decline has been

force exercised in Ireland.

in all

world, see
obeyed from compul*
sion, not from respect. Order is preserved only by the strong
hand of absolute power.
Force so employed is suggestive
of tyranny;-and
tyranny is hateful to a free people. If
some
remedial measure had
accompanied coercion, the
result 10-day in Ireland
might have been very different. The
Government would certainly have had the bench'. The
tyran¬
nical aspect would have been
wanting; and if Irish discontent
had remained in presence of a reasonable
concession, the
Irish people would have
exposed themselves to the charge
of ingratitude, and would have lost
popular sympathy in
consequence.
As it is, the popular sentiment seems to be
largely with the Irish people, and proportionately opposed
to the Government.
Witness the language of the Chair,
man at the
Nottingham Congress. “The Government’s
“attempt on the liberties of the Irish people was not
“intended to end
“

“

further and to
men.”

The

theie.

The law is

The Government

meant

interfere with the liberties of

to

It is this absence of

general in all classes of

parts of the world.

Thus out of

English1

commodities and
162

separate arti¬

importation, there has been adechce
price of 119, comparing 1887 with 1884,

in the average

cles of

advance in
articles, and no change in the other 5.
Applying the same test—not a very exact one, to be sure—
io the articles of
export, it appears that of 128 enumerated
articles the average price of which is
given both for 1884
and for 1887, there has been a decline
in 107 and an
ihe

case

of

and

of

little

an

3$

advance in 21.

But in

both

these

articles of great

cases

commercial

importance have been lumped
It is when we come to examine the tables in
detail, having regard to the relative importance of the
several items, chat the extent of the decline
appears. Take
first a group of imported articles of food.
The following
table shows, first, the total value of the
imports in 1887
and then the
average price of the unit in 1881 and 1887.
together.

/

Article.
C .flee
Fish
leu

Barley

remedial

a

go

language is not the less suggestive that it-is

violently extravagant.

obtain

’.

Value 1887.

A verage

Price.
>
1887.
$0-107

Unit.

1884.

$56,347,600

lb.

$0 093

1,158.859
16,771,802
6,113,208

lb.

0-033

0*024

lb.

f202

0-187

0 0S9

0-596

bush.

Klee

1,678,394
lb.
0 020
0‘020
legislation which iias Molasses
5,310,763
gal.
0161
0*141
given Mr. Gladstone and his friends hope and courage, Sugar, not abore Mo. 13.
69,153,830
lb.
0"O35
0"024
and even the
Here
we
have
articles the value of which amounts in
prospect. of victory,
it is no longer a
question whether anything in the shape of Home Rule is the aggregate to 156 millions, of the 692 millions of total
to be granted to Ireland.
It is practically a settled imports, and all but two show a decline in the average
question that some sort of national Parliament must be price of the unit. One, rice, an item of little importance,
The
Government
granted.
has, however, hitherto has remained stationary ; and the other is the article of
failed
to
respond
to this sentiment; and it is coffee, which, after declining in 1885 to an average price
not wonderful, in the
circumstances, that a feeling of dis¬ of 8-2 cents and in 1886 to 7-6 cents, has risen under the
satisfaction should be
growing; that it should find expres. influence of short crops and a sharp speculation to 10-7
sion in quarters where it was least
expected to exist; that cents in 1887. Take next a group of raw materials used
we should be
hearing every few days of the conversion of in manufactures.
„

.

/■—Average Price.—>
the doctrine of Home Rule; and
Article.
Value 18S7.
Unit.
1884.
1887
that particularly Scotland, which was so resolute in its Indigo
$2,7:34,117
lb.
$0 852
$0-788
Ind
rubber
13,753,783
lb.
0 559
0-480
opposition, should be coming round almost solid in favor Paper stock
4,540,598
lb.
0'024
0-018
Raw silk
7
18,687,245
lb.
3 873
of Mr. Gladstone.
4-063
It is not at all improbable that Lord
Flax...*
1,922,182
ton
277‘345
209-213
Hemp
4,041,522
ton
163081
Salisbury and his friends may have some scheme of Home Jute..'
123,447
2,616,128
ton
85 028
29,556
Rule, or substitute for Home Rule, in store, and that they Sisal grass
3,733,001
ton
87-289
102-082
Pig iron
6,528,795
ton
17-419
15'589
may have been holding it back until what they shall con¬
Tinplates
lb.
10,910.890*
0‘036
0-030
sider the fitting time.
0,854.401
M ft.
12‘912
There are rumors of changes in the Sawed lumber
12 257
2,528,560
lb.
0‘230
0'236
Cabinet ; and it is quite possible that some of .these Wool, combing
clothing
3,431,567
lb.
0227
0-191
These articles represent a total value of a little le3S
changes may have relation to a coming measure. At all
events, unless some feasible measure is proposed looking than 90 millions. There has been a decline in the aver¬
to the pacification of Ireland, the trend of
public opinion age price of every one except raw silk, sisal grass and
in Great Britain
appears to us clearly to ba towards combing wool, and only the first of the three is an import¬
another trial of the Liberal
party. This situation is ant article of importation. We do not copy the figures
enough to lend special interest to the next session of par¬ relating to textiles and other manufactures because the
liament.
average value of a yard of woolen cloth, or of other
similar articles, depends so much
upon the fashion of the
PRICES OF IMPORTS AND EXPORTS.
day, and upon a variety of accidental circumstances, that
The Bureau of Siatistics
publishes with its usual a comparison of such prices teaches nothing.
With
quarterly report relating to commerce a series of useful regard to many important articles there is no statement of
tables showing the average
prices during each of the last amount, and consequently there is no proper unit of quanten years of the principal commodities
imported into or tity. We may note it as a curious fact that the prices of
United
exported from the
States.
No oue will mistake barley malt, malt
liquors, spirits, wine and tobacco are
the showing of these tables for an exact indication of the all
higher in 1887 than they were in 1884 ; but the differ¬
course of prices in
detail, but on the whole the natura] ence may or may not be caused by a higher
average
inference from the figures may be
accepted as correct. quality of the importation.
That is to say, when we find that the
No one needs to have any proof that the chief articles
average price of a
pound of tea imported has declined seven per cent in of exportation have declined greatly
in price. In fact the
four years, we cannot take seven
per cent as the measure declines have been more serious in amount than those
of the average decline in the market
price of tea, for upon imported goods. Not to attempt a classification of
among other changes the country may have been importing articles, we show in one table,
in the same manner as that
a
higher or a lower average grade of teas. But if nearly employed above, the average declared value of the chief
all the items tell the same
story, we may fairly infer the articles of export.
some

prominent




person to

^

a

*•

^

_

CHE

22, 1857. J

October

527

CHRONICLE.

—Average Price.—,

Cotton—

Wheat
Flour

Corn..-

,

Kerosene
Bacon and

Lard

hams

—

Fresh beef
Cheese
Leaf tobacco

Refined

lb.

$204,423,785

.

su^ar

Oil cake

Sole leather

1884.

Unit.

Value, 1887.

Article.

$0-105

$0095

90,710,481
51.950,082

bush.

1-000

0890

bbls.

5-5-8

4510.

19.347,301

bush.

0-011

0-480

37,303,997
33,314,070
22,703,921
7,228,412

Kal.

0-092

0-078

lb.

0-102

0-079

lb.

0 095

0-070

lb.

0-0Q9

0-087

7,594,033
25,037,983
11,435,705

lb.

0-103

0-083

lb.

0-091

0-087

lb.

o-ou

0060

7,309,091
5,095,151

lb.

0-014-

0-012

lb.

0-200

0-187

nearly three-fourths of the
total value of goods exported from the United States in
1887—$524,500,000 out of a total of $703,000,000—and
every item in the list shows a heavy decline in the average
price in three years. Had the prices realized for these
goods in 1887 been the same as those of 1884 there would
have been a sum of more than 85 million dollars added to
the value of American exports.
In other words the
average decline in value of all these articles in three years
is fourteen per cent.
They are all, moreover, standard
goods, of nearly uniform quality, both among themselves,
These articles represent very

and from year

to year.

NET EARNINGS IiV

Gross

Net

Earnings.

Earnings.

1887.

'

AUGUST.

Notwithstanding the heavy loss on the Chicago

Bur¬

1887.

1880.

i

Increase.

$

*

(51 roads) 21,163,428
Feb. (57 roads) 24,9 :0,400
M’ch (58 roads) 82,592,058
April (59 roads) 31,040,281
May (58 r.'ads) 32,590,4 2
June (50 roas' 35,801,88
July (58 r. ads) 38,323.922
Aug. (00 roads) 39,538,060

Jan.

|

1887.

1880.

Increase.

$

(pc |

pc

4,080, 990 2,532,507 54
7,263, 064 143,829 2
8,907, 232 3,209,415 30
2791 8,8*9, 054 1,813,027 20
438 9,342, 010 2,339,422 25
3,661,494113.11,681
i j
3, 840,350 12 ^ 12,582.952 10,395 220 2,187,782 21
299 1,005,100 8
2, ,723,703j 8

19,950, 926 4,212,407 21! 7,213 497
22,075, 611 2,200,849 10; 7,400 993
20,864, 870 5,727,782 2l| 12,170 047.
27,576. 407 4,068,814 15 10,073,27

28,934, 958
32,021, 535
35,600, 219

35,702, 5233, ,830,137!

j 14,340,405' 13,935
11115,409.909'. 13,945 ,4 03.! 1,523,500

11

comparison of percentages is most interesting.
Up to July the ratio of gain in the net was with one ex¬
ception very much greater than that in the gross, the ex¬
ception being February when the weather was bad this
Here the

year.
in

But for both July and August the ratio

the net

is

no

heavier than

in

of increase

the gross, being in

‘

the percentage is 11 for
August, against 8 for July. With the roads arranged in
groups we find some equally striking changes.
In the
Northwest results are gradually growing poorer, under
the multiplication of new lines and the increase of com¬
petition, and for August there is a falling off in net on
the five roads reporting of no less than 24 per cent.
Of
course, the bulk of the loss is on the Burlington & Quincy,
but that is not the only road showing a decrease.
Both
fact

just about the same, though

Paul and the Minneapolis & St.
Louis have smaller net than a year ago, and only the
Keokuk & Western and the Minnesota & Northwestern
the Milwaukee & St.

lington & Quincy, commented on last week, the exhibit of
net earnings for August is better than that for July,
which, as will be remembered, had been with one excep¬ record an increase.
The roads in the Central Western section, too, though
tion the poorest of any month this year.
The gain over
the corresponding period last year is larger, both in the still having very heavy gains, do not, now that comparison
case of the gross and
uet. Our totals cover^66 roads, is made with the period last year when the wheat move¬
having aggregate gross earnings of $39,538,660 in ment was so large, show the extraordinary percentage of
August, 1887, against $35,702,523 in August, 1886, and increase noted in the earlier months. For August the
net of $15,468,969, against $13,945,403, the increase in improvement is 26 per cent, and for the eight months it
the one case being $3,836,137 and in the other $1,523,566. is 48 per cent.
It is a striking commentary, however, on
character
of the exhibits from this section
the
excellent
The difference—$2,312,571—between the two represents
the augmentation in expenses, which in many cases is the of the country, that out of eight roads reporting for the
result of more liberal outlays for renewals and betterments, month only one shows a decrease in the net, and that very
but in other cases may be due to competition and lower trifling, while out of seven reporting for the eight months
rates, or new mileage operated at a higher percentage of not any records a decrease.
The trunk line ratio of increase has also diminished,
gross earnings.
The following is a summary of the

.

August, and also for the eight months ending standing at only 5 per cent for August and 13 per cent for
with August.
While the number of roads comprised in the eight months, but this diminution is due chiefly to the
the exhibit is 66 for the month, for the eight months comparatively heavy increase in expenses on one or two

results for

only 62, several roads not
results for the latter period.

it is

having reported their

(02 roads.)

(60 roads.)

1880.

1887.

$

$

Oper. exp...

39.538,0^0
24,069,091

Net earn’f-

15,408,909

Gross earn’s

*

As

much

Inc.or Dec.

■

1887.

$

1880.

Inc. or Dec

$

i

35.702,523 +3,*36,137 279,239,213 247,064,454 +32,108,759
21,757,120 +2,312,571 180,170,046 163,782,103 +16,388,543

13,945,403}-H,523,560

99,002,507

83.282,35 L -+15,780,210

natural, the showing for the eight months is
more favorable than
for August. Ip the earlier

is

Thus the Pennsylvania (Eastern
lines) reports a gain of $436,622 in gross with a gain of
only $2,491 in net, and the Erie on increased gross of
$128,980, shows only $38,675 augmentation in the net.
On the roads west of the Missouri the result is likewise •
less satisfactory.
For the month the improvement in the
net (three roads) is only 5 per cent, while for the period
to August 31 it is 31 per cent.
The Atchison Topeka &
Santa Fe however is mainly responsible for the change.
This road had very heavy gains early in the year, but for
August reports a small loss. Both the Denver & Rio
Grande and the Rio Grande Western make very good
of the

larger systems.

comparison was with results in 1886 not so
heavily increased as in the later months, and there were
also some special elements tending to swell the amount exhibits.
On the other hand, there are several groups where the
and ratio of increase.
In August, however, we are com¬
result now is much better, even where it was good before.
paring with a month last year which was distinguished
for being the best of that year.
As a consequence, while Thus on the coal companies the improvement, so promi- the ratio of increase for August is 11 per cent, both as nent in other months, has become still more marked, .
while the Pacific roads which made a poor showing early .
regards gross and net, for the eight months it is 13 per
In Mexico
cent in gross and 19 per cent in net.
The aggregates are in the year, are now doiDg quite well.
also the
Mexican Central (probably owing to the *
very, large, reaching 279J millions in gross, an increase of
over 32£ millions ($32,168,759),
and 99 millions in net, carriage of a large amount of construction material
an increase
of over 15f millions.
In order to show the for new roads), keeps increasing its ratio of gain, though
Southern roads, too,
the Mexican National reports a loss.
changes from month to month, we give the following sum¬
after a temporary and exceptional drop in July, now for
mary of the monthly aggregates back to the 1st of
August again become as prominent as ever. The increase
January.

months the




v

528

THE CHRONICLE,

of 20 per cent on these roads is the more remarkable that
no less than six of the seventeen
companies report a loss
in net, though every one of the seventeen roads had a

[Vol. XLV.

WEEKLY RAILROAD EARNINGS
The tables of

earnings heretofore given under thP head will
h ereafter appear in our Investment columns in
anoJh r part of
The augmentation in expenses is most the paper, where also will be found
the latest rehi - is of net

gain in

gross.
marked in the case of such

roads

the East

as

the

Tennessee,

earnings, and other reports of earnings.

Memphis & Charleston and the Shenandoah Yalley.
On the East Tennessee, for
instance, such has been the
addition to expenses that though the
gross increased
$76,987, the net fall off $7,182. The Memphis &
Charleston gained $19,712 in gross, but loses
$24,599 in
the net, and the S.jerandoah
Valley, on an increase of
$6,893 in

suffers

f£XcruelavtjlGTmwmeveial iEngUsl. Rents
[From

The

our own

correspondent.]

London, Saturday, October 8, 1887.
encouraging features respecting trade mentioned in my

diminution of $5,326 in the last letter have been rather accentuated during the past week.
roads that report reduced net The railway trafiic statements,
particularly in,the heavyare
the Cli sapeake & Ohio, the
Cape Fear & Yadkin, goods lines, which of course more readily reflect the condition
and the Richmond &
Petersburg. The Central of Georgia, of trade, show in many cases a further satisfactory expansion;
net.

gross,

a

The other Southern

which lost

heavily in July, has for August a gain of and the stringency in the money market, due to the uncer¬
$108,933 on gross increased only $4 6,124.
tainty respecting the export of gold, lias been relaxed. Th*
The good showing of the coal carriers follows of course
return of the Cleveland Ironmasters’ Association far
Septem¬
largely from the excellent exhibits made by the Phila¬ ber is, however, rather
disappointing. It shows that although
delphia & Reading and the Coal & Iron Company, but all the make of pig-iron was about 4,500 tons less than in
so

August

the other

companies embraced under that head also have there lias been an increase in stocks of rather more than
2,000
heavy proportionate gains, among them the New York tons. The woolen and cotton industries appear to be in a
Susquehanna & Western, the Buffalo New York & Phila¬ fairly healthy condition, though business is only of an averag#
delphia, the Allegheny Valley, the Northern Central, and character.
Speculative circles at present are in a very listless state, both
the Central of New Jersey—in
fach every one of them here and abroad. This cannot
be attributed to political influ¬
reports improved net both for August and the eight
ences, for the season is too far advanced for any
re-opening of
months.
There remains only one other class of roads to the Eastern
question, and the meeting between Prince Bis1"
allude to, namely the Eastern, which for the month have marck and
Signor Crispi seems to indicate that Germany at
least is disposed to take
7 per cent increase in net and for the
every precaution to insure the
period to August 31
maintenance of peace.
an increase of 9
Whether
it be that small profit*
per cent.
Among these the Baltimore & have caused
be
margins to
cut so fine that speculative opera¬
Potomac and the West Jersey
report a loss for the month tions have become too hazardous or whether
it
and the Baltimore & Potomac and the New York &
New

England a loss for the eight months.
the result for each group of roads is
and the eight months.
The

In the

following

be that confi¬
dence in the future has not yet been
thoroughly restored, it
is difficult to say ; but it is
very clear that there is not that

given for August activity in dealings that
we

have

no

reason

to

was

anticipated.

At the

same

time

infer because time

bargains on thv
figures in parenthesis indicate
Stock Exchange are confined within a narrow
the number of roads included in the
volume, or
group.
because there is a comparative dearth of new
undertakings,
GROSS AND NET EARNINGS.
that the real business of the
country is retrograding. We
know that such is not the case,
having statistical proof to the
Gross Earnings.
Net Earnings.
August.
contrary
; but for all that the complaint that the progress is
1887.
1880.
1887.
1886.
Inc.
Dec.
very slow is not without foundation.
In all the leading*
$
$
*
*
$
P.C
of
departments
industry just now there is an absence of prom¬
Trunk lines
(7) 10,131,114
9,324,683
3,520,061
3,350,532
5
+175,529
inent features, transactions being more or less of a hand-toMiddle Western(8)
1,362,258
1,177,479
481,165
383,033
+98,132 26
or

Northwestern ..(5)
W’st of Miss’uri(S)

4,01*8,324
2,353,029
9,280.439
4,484,074

Pacific Syst’msQ 1)
Southern r’ds..(L7>
Coal companies(6)

Northwestern. .(4)
W’at of Miss’uri(3)
Pacific Syst’ms (11)
Southern r’ds..(14)
Coal companies'7)
Baztern co’s....(7)
Mexican roads.(2;

Total, 62

165,748

2,396,697
9*5,199
3,788,830
1,377,1:34
958,067
013,317
92,594

39,538,600 35,702,5,23

15,408,939

13,915,403

1,450,523
513.910

Total, 60 roads

Middle Western^?)

1,816,* .20
1,098,062
4,305,582
1,058,598
1,822,314

5.2 8,319

Eastern co*?—(7)
Mexican roads .(2)

Jan. 1 to Aug. 31.
Trunk lines
(7>

4,920,007
2,060,016
8,820,95*
3,831,268
4,321,728
1,328,000
417,064

72,070.170

65,33'),0S5

9,021,906
.T4, OOP, 000
17,790,4r 5

7,497,020

~

23,124,883 20,531,536
2,808,283
1,892,861
32,450,338 13,504,333 13,030,061
14,317,799
7,749,433
5,020,975
01,419 597 55,001,350 22,975,949 21,679,157
30,350.909 25,790,513 10,147,081
8,376,072
41,220,469 $*,320,645 14,450,121 8.319,596
720,200
8,531,049
2,800,288
2,570,403
4,210,658 i 3,528,844
955,030
1,495,651;

road***279,2)43,213

Note.—Included

055,419

—580,677
+52,863
+516,752
+281,464

247.064,454

99,002,567

24
5

+915,302
+474,272
+1,822,403
+1,296,792
+1,771,009

48

+6,130,525
+235,825
-+540,021

74
57

83,282.351 + 15,780,216

19

4

31
0

21

9

under the head of—

a.

Middle Western—'The Cairo Tin. &
Chic., Chic. St. Louis & Pitts., Cin. Ind.
St. L. & C.. Pet. ^ayCity
Alpena, Grand Rap. A Ind., Cleveland A Canton,
Soiot) Valley and Toledo & Ohio Central.

Northwestern—The

Burli ’iron A Quincy.
& St.
Mil. A St. Paul, Keokuk & Western and Minn.Minneapolis
A Northwestern.

Louis.

Chic.

West of Missouri—1The Denver A Rio
Grande, Deny. A Rio Grande Western

And Atch. T. A S. Fe.

Pacific Systems—The six Southern Pacific roads and the Union
rue., Canadian Pac., Oregon Imp. Co. and i Oregon Ity. A Nav. Co. Pac., Northern
Southern Roads—'The rentral of Georgia. Ches.
A O Ches. O. A S. W., Eliz.
Lex. A B. S., East Tenn. Va. A Ga.. Louisville
A Nash., Nash. C. A St. Louis,
Norfolk A West ern. Louisv. N. O. A Tex.,
A Charleston, Shenandoah
Valiev, Fort Worth A Denver City, Cape Memphis
Fear A Yad. Valiev, Kentucky Cen¬
tral, Peteisburg, Richmond A Petersburg and St. Louis Ark.
A Texas.
Goal Companies—The Phila. A
Reading
UR..
P.
A R. Coal A Iron Co.. Buff. N.Y.
A Phila.. Northern Central, All.
Valley and N. Y. plus. A Western, and for the
•ijht months the same roaas together with Central of New
Jersey.
,

Eastern

Companies—The Baltimore A Potomac. N.Y. Ontario A Western, West
Jersey, Camden A Atlantic, New York A New
England, N. Y. Phila. A Norfolk
and Rome Wit.
A

Ogder.sburg.

Mexican Roads— The Mexican Central and
Mexican National.




The tone of the money market lias been
The tendency is now all towards

distinctly altered.
20
weakness, and this will prob
+804,247 90
ably continue to be the case for a day cr two, until the effects o^
-j-42,102
7
the dividend payments have worn off, or until
floating balance*
+73,154 79
are reduced by the
advances
to
the
Bank. There
repayment
of
+1,523,560 Ti
is just now no inquiry for gold for New York
; lienee some
additions are being made to the stock in the Bank of
+2,593,347 13
England
14

Trunk Lines—The Clev. Col. Cln. A Ind., the Erie. Chic, A
Grand Trunk, Det.
*fr. Haven & Mil., Grand Truus of Can., the Ohio A
Miss., and the Penn-

fjrlran

mouth character.

Loans

can

be had at 3 per cent, but it is not

expected that the
will be long-lived. The discount charge for
three months’ bills is about %
per cent below the Bank rate.
In this week’s Bank of England return the authorities ar«
shown to have taken advantage of their
right to issue notef
to a certain extent against the
lapsed issues of country banks*
In consequence, the “other securities” in the Issue
Depart¬
ment have been increased by £450,000, the authorized amount"
of the new issue; and the total is now
£5,184,900, in¬
stead of £4,734,900, as formerly.
The reserve has also
been reduced £700,324, the usual demand for coin and notes

prevailing

at

this

ease

season

of the year

telling upon the return, and
proportion to liabilities, which last week was 43*76 per
cent, is now only 38*64 per cent. In note circulation an
increase of £683,660 is shown, while the stock of bullion
exhibits a falling off £466,664, the whole of which has
gon*
into general circulation ; the week’s
import and export opera¬
tions having upon balance resulted in a
gain of £25,000. Rev¬
enue payments have increased the total of
public deposits by
£1,754,733, and the stronger demand for loans has swollen
the total of other securities £647,000.
The amount of th*
reserve is now
£11,178,212, or £455,000 more than last year;
and the stock of bullion is £20,120,032,
showing a decrease
from then of £434,000.
the

England, the Bank rate of discount, the price of consols,
compared with last three years :

excluding 7-day and

Circulation,

Public deposits

...

Other deposits

1885.

£

£

£

13,911.032
21,410.022
11.178.212

Government securities
Other securities

4.532.552

5,623,110
20,666,608

27,450,515
15,935,215
23,181.425

10,723,187
20,120,032 20,554.862
38-61 p. c.
83)4 P- c.

Reserve of notes and coin

Coin and bullion
Reserve to liabilities
Bank rate
Consols.
Clearing-House return

Messrs.

1888.

£

25,509,430

4 p. c.

3*^ p. c.
101

IC2 3-16d.

e

26,251,750

5,712.953
25,900,828
19,014,642 15,509,998
22,278,651 23,545,556
11,705,493 10,473,078
21,404,928 20,974,828
33 p. c
32^ P.c.
2 p. c.
3p.(.

100 1-101.

101

1857.

Wheat—Allan, ports.cwts. 1,854,180
Pacific ports
cwts.
677,521
Flour
cwts. 1,160.492
cwts.
Bacon
160,873
Beef—Salted
cwts.
11,754
Fresh
cwts.
66,479
Hams
cwts.
53,o71

2,091,268
502,816

700.785
26.1,604

745,788
174,945

18,726
53,136
49,351

18,523
146,757
135,381

795,345
124,911
22,863
125,068
133,101

46 520
16,774
9,833
16',746
1,203
46,<49

56,331
14,008
28,688
205,322
9.259
125,984

117,663
182
26,773

11,692

Sheep and lambs

No.

cwts.

cwts.
cwts.
cwts.
cwts.
cwts.

raw

Below

arrived

are

the

United States

subscriptions for a Chilian Government 4}^ per cent loan for
£1,113,781, the issue price being 9734 Per cent. The capital is
required for the payment of certificates issued by the Peru¬
vian Government, as purchase money for saltpetre works
situated in the province of Tarapaca, which have now become
the property of the Chilian Government.
The capital creations for the week have been :
LOCAL.

£1 shares

£45,000
45,000
150,000

FOREIGN.

cent debentures,

September return of the Cleveland Ironmasters’ Asso¬
ciation shows that the total make of pig-iron for the month
was 210,034 tons, or 4,536 tons less than in August.
The
number of furnaces on Cleveland ore at the end of the month
was 52, the same As at the close] of August.
The number
on hematite was 45, or 2 more than in August.
The total
stocks at the end of the month were 629,528 tons—an increase
of 2,089 tons over August.
The total shipments were 72,512
tons, or 933 tons less than in August.
September’s Board of Trade returns are not unfavorable.
A further expansion is shown Jn our exports, the total being
£904,855 in excess of last year, principally in metals and
machinery; while the gross gain for the nine months was
£3,583,444, of which *£2,500,000 was due to the greater activity
in these special articles.
The imports for September exhibit a
reduction of £1,706,911, about equally distributed between
food and raw materials. In the nine months there has been a
gain of £7,934,461.
The following are the totals of the imports and exports dur¬
ing September and the nine months:
Imports Foreign—s
r—Re-exports
Exports British
Foreign<£ Colonial Mdse, <£c.
The




The

Jb

£

297
266.874

No.
bbls.
tons

29,803.188 280.140.831
28.898.505 2)0,505.549
27,191,594 2r,4.4£7.010

Irish Produce, <£c.

Sept.
X

18.621,864

3.8J0

9 Mos.
£

160.088,2.11

18.92S.975 159.515.970
19,833,830 163,099,414

Sept.

97,798

6,540

12.937

146

390.823
23,.>72
6,527

6!?M,423

13,946

964,755
26,887
27,767

12,684

19,229

35,674

2,833,506

14.’,470

_

1886.

1887.

275

216
3,^61
14,294

2,543
23,683

.galls.

14,889

Wool
Cotton

.lbs.

1,523,500

.17/'80

9,393
128.951

6,820

-Value1887.
1886.
£29.7* 5
£(,407
1

50,278

93,515

piece goods...yds. 3,101,100 2,417,900
lbs. 1,004.400
6)1,200
Piece goods
yds.ll,088,300 11,193,000
Linen—Yarn
lbs
133,600 "* 142,200
Piece goods..yds. 7,05],900 6,930,100
36.5 L8
Silk broadstutts
30,016
yds.
Other articles of silk only

yds.
and cutlery....

Carpets

»

Hardware
Iron and steel—Pig...tons

3,355,800
168,300

20/281

44/590

Railroad

tons

Hoops, sheet,&c.tons
Cast and wro’t..tons
Old, for remnf tr.tons
Tin-Plates
tons

Steel, unwrought
Tin, unwrought

tons
cwts.

Lead

548

125

272
8.183
24,495

tons

12,986

5,8 LI
230,576
49,862

523

2,533

611

2,598
8,982
50,179
15,403
20,188
72,6 78
2,368

....cwts.

236,503

277,399

Bags and sacks

doz.

Cement
Earthenware &

cwts.

18,331
10,085

25,204

Alkali

porcelain.
Paper—Writing, printing,

231

355

Stationery, otli’r than pap’r

precious metals have

To and from

all Countries.

9 Moa.

X

&

5,086,0-2
4,496,972

41,344,284
42,301,383

4,553,404

44,416.440

»

•

1885.

1886.

£

£

23.202

67,630

85,103

1,043
1/261
100,632
6,806
7,4 L6
been as follows:
from United States.

1885.

1880.

£

£

£

801,444
751,791
9.303,333 11,21 '',434

Imports In Sept—
Do
9 mo it .8.
Exports in Sept...
Do
9 months.

2,057.^80

850.07-

7,121,405

9,003,079

568.930

170,860

1,17 2,0 it

1,5:39,109

156,404
1,353.137

240,987
1,414,073

577.451

590,036

710,203

137.494

7,108,081

5,027.813

5.53i,‘2U0

2,263.131

5,671/215

637,292
5,765/ 50

HJTnnrt* in Sfint.....

705,913

9 months.

7,965,97*

Do

£

13(5 0

8.535
893.031

SILVER.

Imports in Sept....
Do
9 months.

1887.
2.149
29,212
495,350

'

753,050
7,119.112
697,865
7,024,995

75.868
2,*42
7,335

1,493
1,640
41,229

To and

1887.

23,138
322.835

2,127
38,041
12,792
23,097
75,705
4,626
49,155

39,219

314
416

&c
cwts.
All other kinds.cwts.
Skins aud furs

137,374
182,248
22,645
35,959
120,916
4,046
108,223
42,108
4,108

30,570
65/3 66
1,103
21,310
9,802
2,601

Steam-engines
Other kinds of machinery.

Apparel and slops
Haberdashery & millinery

76,126

61.996
117,091
193,011
30/ 97

22,790
6,221

489
198

8,288
4,052

5,2.13

117

2,460
17,012
7.874

87.424
3,987
196 028

4,445

5,315
1,231

Bar, angle, &o..tons

5,375

9,168
82,364
3,819

171,018

858.60 »

212,800

5,487
52,504
59,383

4,754

19,092
1.259,100

Articles of silk and other
materials
781,500
Woolen fabrics
yds.
Worsted fabrics
yds. 3,999,100

18,052
13,993

.',360

21,8 i 3

Jute—Yarn

£65,000

acquire existing business.

9 yfos.

13,556
-

GOLD.

.

~Sept.

3,607

137,515
16
1,069

Spirits

COLONIAL.

<& Colonial Prod uce.

73,249

tons.

The movements in

City of Richmond (Part of Melbourne) 5 per
*To

486
25,961

75

exports of British and Irish produce to the
during September, as far as can be gathered

Horses
Beer and ale
Salt

Nevada Land & Cattle Co. (Limited), 6 per cent debentures — £35,000
Chilian Government ihj per cent loan, issue price, 97hjp.cent..1,113,781

minimum 107

25,198
10,8<S5
6,101
77,634

Quantity-

Bank of

Railway 5 percent First Preference Bonds,
cent.
Astral Foxdale Silver Lead Mining Co. (Limited), £1 shares
’Extended Electro-Metal Extracting & Refining Co. (Limited),

27

21,4L2
11,756
2,5 )4
78,296

cwts.

£101,000 has been sent to China and the

Eastern & Midlands
issue price, 65 per

591,792
289,323

1,482,210
42,737

from these official statistics:

Medway and
West Indies

England lias received tenders for £1,560,000
Treasury bills, to replace a similar amount maturing, which
were issued in July last at an average of £1 8s. 5d. per cent.
The allotments were : In bills at three months £515,000 and
at six months £1,045,000.
Tenders for bills at three months,
at £99 2s., will receive about 47 per cent and above in full; and
for bills at six months, at £98 4s. 4d. and above, in full. The
average rate for the three months’ bills was £3 11s. 4d. and
for the six months’ £3 10s. Id. per cent. These charges are
slightly higher than those paid on the 23d ult., when the
three months’ were placed at an average of £3 11s. 0%d. and
the six months’ bills at £3 9s. 14£d. per cent.
Messrs. N. M. Rothschild & Sons are authorized to receive

,

£160,536
15

13,27d

Tallow
cwts.
13,232
WoodA timber—Hewn.Ids.
3,470
Sawru and split
loads.
7,690
Clocks
.Vo.
Leather
lbs. 2,652,591

Straits.

The

144

Cotton,

Silver strengthened until alter the allotment of Council drafts, when,
with weaker exchanges, the price dropped to 4471(;d. £72,000
from Chili, £:»:{,000 from New York and £40,000 from West Indies;

£80,000; total, £170,000.

£263,897

1

wrought

Gold—During (lie early days of the week there were strong inquiries
for gold for export to New York, but this has now somewhat moderated,
The Bank has lost £f> 1,000 in bars for the States and has received £ 161),000.
The arrivals are: £9,000 from New Zealand, £0,000 from Bonibay£70,000 from Buenos Ayres and £9,000 from River Elate ; total, £100,.
000. The P. & O. steamer takes £9,000 to the East.

The P. & O. mail takes £105,000 to India.

8,283

No.
No.

cwts.
Sugar, refined
Copper ore..*
tons.
tons.
Regulus, Ac
Umvrought and partly

bullion market:

Value.
1886.
1887.

—s ✓

1887.

9

Oxen and bulls
Cows

Preserved
Pork-Salted
Butter
Cheese
Fish
Lard

142,407,000 115,547,000 107,451,001 102,292,000

Mexican Dollars—Some business was done at 43:hd., ex
St. Germain.
Arrivals: From Vera Cruz, £90,000 from

•'Quantity,

Meat, unenumeratM.cwts.

Pixley & Abell write as follows on the state of the

total, £145,000.

■— ■

1836.

1887.

25,581.675

returns:

&c.,

1884.

25,141,830
6,723,921
22,044,580

other bills...

F4

during September so far as enumerated in the Board of Trade

shows the position of the Bank of

The following return

529

CHRONICLE.

THE

1887.]

October 22,

2.043

2,998,44 8

31 i

1,800

24,000

2,700

31,670

nothing new to notice in the wheat trade. Statis¬
assumption that better prices will prevail,
and this has to some extent been borne out during the week,
There is

tics rather favor the

advance of 6d. per quarter being not uncommon.
Fair
deliveries of home produce have been effected, but import*!
have not been large, and neither have the markets been over-

an

abundantly supplied ; but it is something to know that with
only an average inquiry prices have hardened even slightly.
The average of home-grown wheat for the past week was,
however, very low, namely, only 28s. 5d. per quarter. The
quantity of produce afloat to us is decidedly below that of last
year.

The following shows the import of cereal produce at the
United Kingdom during the past five weeks of the season,
and other items, compared with last year:
IMPORTS.

tfheat...

cwt.

Barley
flats
Peas
Beans
Indian corn....
Flour

1887.

1886.

5,574,862

6.129,554

1,092,690

2,147,616

1,403,297
251,9*6
......

209.943
2.166,760
1,996,274

1,805,292
152,494
225,220
2,852,691
1,730,101

>

1885.

6.875,460

1,572.969

1,3 5,712
167,312

448,2(4
2,466, *96
1,073,071

Supplies available for consumption (exclusive of
1):
September
following shows the imports from the United States

1884.

7,814,962

2/246,802
1,264,325

115,593
351,474
2,40^7(8
1,627,690

stocks on

fVoL. XLV,
1886.

I8fc 5.

1884.

6,129.554
1.730,101
3,106,832

6,875.460
1,073.071
4,422,620

7,814,962
1,627.690
5,053,627

12,5C6,G89 10,966,537

12,371,151

14,496,279

1887.

Imports of wbeat.cwt. 5,574,862
1.996,274
Imports of flour
Bales of home-growD.. 4,995,553
T >tal

■

1386-87.
Aver,

price wheat
Aver, price wheat

The
maize

1885-86.

5d.

week. 28s.

28s. lid.

season.

3d.

30s.
31s.

1883-84..

1884-85.

6d.
Id.

30s.
31s.

6d.

32s.
33s.

41
61

following shows the quantities of wheat, flour and
afloat to the United Kingdom:
This week.

Wheat

1,494,000
108,000
202,000

..qrs.

Flour, equal to qre.
Maize

qrs.

English

1,517,000
115,000
172.000

Financial

riartceis

1,160,000

1,620,000
‘20!,000
232.000

13 1.000

309,000

€*ow>.

—

exports during the same tims $19,879
coin and $3 were American silver coin.
United States

'

I

I

London.

Mon.

Sat.

Silver, per os..
d. 44
Consols for money
1027,
102H®
Consols for aocount
Fr’ch rentes (in Paris) f r 81-8212
^
U. 8. 4»*b of 1891....... 111
128 7s
U. 8. 4s of 1907
Canadian Pacific
53*4
Ohio. Mil. & Bt. Paul....
73*4
263Q
Brie,common stock...
119
Illinois Central
56*8
Pennsylvania

Philadelphia & Beading

New York Central

Tues.

Thurs.

Wed.

Fri.

44
44%
44*4
443i6
44?i6
10211,6 102lo, 6 1021-V 102Hifl 102%

1027s

10213,, 10213,6

81‘92*2 81-92*2 82-05

82 07*3 82*02*3
111
111

10213,6 103*16
111

111

111

1287s

12938
5338
7338
27*8
118*2
5C3s

1293s
54*4
74*3
2738
119*3
5738
31*4
108%

5^*8
72*8
26%
119
56

3038
x1C68j 106%

3l78

31
107 7s

1293s
54*8
73%

1295s

Oct. 15
“

28*3
120*3

577s
3178

31

109*3

108*4

©otnwjcrcial and IHisceUaticmts Hews
National Banks,—The folio wing banks have recently been

organized:
3,802—The Citizens’ National Bank of Orlando, Florida.
Capital
$50,000. Legh O. Garrett, Pres.; Hardy G. Garrett, Cashier.
Imports and Exports for the Week,—The imports of last

week, compared with those of the preceding week, show

a

decrease in both dry goods and general merchandise.
The
total imports were $7,812,794, against $8,905,539 the preced¬
ing week and $9,009,830 two weeks previous. The exports
for the week ended Oct. 18 amounted to $6,277,025, against
.

f

$6,286,022 last week and $6,411,471 two weeks previous. Tie
following are the imports at New York for the week ending
for dry goods) Oct. 13 and for the week ending (for gen¬
eral merchandise) Oct. 14 ; also, totals since the beginning * f
the first week in January :
FOREIGN IMPORTS AT NEW YORK.

For Week.

1884.

Dry Goods
Gen’lmer’dise..
Total
Since Jan. 1.

Dry Goods.Gen’l mer’dise.

1885.

$2,010,104

1886.

\

19!

“

20
21;

Coin.

$

9

916,932

17 i
18

“

“

Payments.

3,734.716
1,2 6,537

1,069,363

$'

$
12.493,471
12,581,988
12,092 505
12,061,378

132.178,660

14,1 il,910

132.132,293
132,219,185

13,539,903
13,249,636

132,145,159

15.029.424

13 i. 143,571

13,9 -6,871

12,250,099

132,216,318

14,013,935

11,712,4)3

9.482,068! 10,357.895'

Total..!

Currency.

$

946,624
1,858,770
1,993,355
2,060,031
2,146,957
1,447,108

1,178,973
1.345,492

Coin Cert's.

1

—The Homestake Mining Company has declared
dividend of 20 cents per share, or $25,000 in ail, for

its 111th
Septem¬
ber, payable at the Transfer Agency of Messrs. Lounsbery & Co.
—The Ontario Silver Mining Co. has declnred its 137th

dividend of

$75,000 (for September) payable by Messrs. Louns¬
bery & Co.
Sutro Tunnel.—Copies of the book referred to last week

be obtained at the office of Mr. Sutro in the Drexel Build¬
An important item in this report was the statement of
revenue since the opening in September, 1879.
For the past
four years ending March 31 tbe receipts from royalty were as
follows: 1883 4, $71,515; 1834-5, $125,622; 1885 6, $174,183;
1886 7, $254,009.
The book gives much space to ihe question
of probable future income.

ing.

757e

27

Receipts.

may

54%

119*3
57*4

Sub-Treasury.—The following table shows

Balances.
Date.

“

The daily closing quotations for securities, <%c., at London
are reported by cable as follows for the week
ending Oc¬
tober 21.

1387.

$2,0.30,425

5,996,9(9

$1,918,587
6,02!,:-:0!

$1,775,205

6,585,652

6,(3 7 589

$8,007,013

$7,9:9,883

$3,616,077

$7 812,79 1

$35,45 ’,463

$81,775,929

245,431,916

221,902,368

Anction Sales.—The following were sold
auction by Messrs. Adrian H. Muller & Son :
Shares.
18 Nat. Mechanics’ Banking
Ass
$37 lot.
30 Consumers’ Ben. Coal ..$6 lot.
15 Chern. Nat. Bk..2,802 t» 2,*15
53 Consol. Gas-Light Co
70*3
10 Phenix Ins. Co. (ass. pd.) 97
IS Montauk Fire Ins. Co
75*$
65 Nassau Fire Ins. Co
144*2
52 Brooklyu Gas-Light Co 103
112 Nassau Gas-Light Co
98 *s
31 Uniou Ferry Co
155%
240 Brooklyu City RR. C>>
123*4
125 People’s Gas-Light Co... 5834
2J Brook’yn
Academy of
Musio (with 2 tickets).. 115
14 Yonkers Gis-Liglit Co.. 81
.

1

50
25
40
60
8

Brooklyn Law Library..$5 lot.
Bank of Commerce .....172
Pacific Bank
15 ;*4
Oriental Bank
169*4

Kutgers Fire [us. Co
136*2
Farmers’ «fc Drovers’ Nat.
Bank of Sommers
105

380
20

10 Howard Ins. Co
50 Standard Oil Trust
150 Columbia Bank
Bands.

Prev. reported..
Total 41 weeks

All stocks aud bonds listed on the New York Stock
and sold on commission for cask.
Deposit accounts received and interest allowed on

IIARYEY

$6,277,025
237,919,731

$263,491,421 $259,250,637 $248,718,707 $244,196,756

23
WM. EDWARD

The following table shows the exports and imports of spet i©
at the port of New York for the week ending Oct. 15, and

since January
1S86 and 1885:

Exportg.
Since Jan. 1.

Week.

France....

...

$1,900

...........

Germany
West Indies..........

7,500

Mexico

South America.......
A11 otheroonntries.
-

-

Total 1887
Total 1886
Total 1835
Silver. ■
Great Britain
France
.'.......

3,779
8,600

$21,779
64,449

West Indies
Mexico..
South America.......
Allother countries...

3

...........




$130,103
27,427
968,101
2,426,383
2,339.911
532,714

$6 L5,414
526,501
3,231,410
118,074
1,302

i 8,139

&

monthly balances

SONS,

Street, New York.

COFFIN.

WALTER STANTON

&

STANTON,IS

BANKERS,

YORK.

Week.

Exchange bought

11

WALL

Since Jan. 1.

$5,048,330
7,100.398

STREET,

NEW

YO!?K,

NEGOTIATE

State, Municipal,

Railroad, Water and Gas Bonds.

15,235,096
4,003.157

NONEY ADVANCED ON MARKETABLE SECURITIES.

14.146

229,148
546,653

CITY

$6,424,644 $4,510,83 4 $32,176,928
37,310,920
396,256 13,594,985
6,493,320
60,952
8,666,539

G

’TOPEKA,

OF
PER

CENT

IMPROVEMENT

KANSAS,
BOND*.

ISSUED FOR STREET IMPROVEMENTS.

$78,000
6,800

Germany....

Total 1887
Total 1886
Total 1885

Nassau

COFFIN

imports.

Gold.

Great Britain

FISK

1, 1887, and for the corresponding periods ia

EXPORTS AND IMPORTS OP SPECIE AT NEW

7...1135s

7s, 1900

INVESTORS.

1887.

$6,067,603
242,651,104

95

1898

subject to draft at sight.

1836.

$6,138,055
253,112,582

68%

$3,0C0 Bleccker Street & Ful¬
ton Ft rry RR. Co., 1st,

FOR

$6,403,332
257,088,089

90
160

United Scares Government and other desirable

-

For the week...

-

$1,675 Nassau Gas-L. Co.cert 97*4
$5,000 Town of Ottawa, Ill.,
10s, due July 1, 1879.
Ja y, ’73, coup.on.$1,775 lot.
$5,000 8econil Ave. RR. Co.,
7s con. conv., 18w8
98
$1,000 Macoupin Co., III., 6s,

In our report of the dry goods trade will be found the m
ports of dry goods for one week later.
The following is a statement of the exports (exclusive :A
specie) from the port of New York to foreign ports for t> c
week ending October 18, 1887, and from January 1 to date:

1885.

at

Brooklyn
...142
Brooklyn City RR. Co...122*4
Forty second St. & St.
Nicholas Ave. RR. Co.. 36%

SECURITIES

1884.

week

Shares.
100 Cincinn iti Hamilton &
Dayton, comino.i
574*
40 Amer. Loan & Trust Co.. 116
13Na'Sau Fire Ins. Co. of

Total 41 weeks. $340,886,409 $303,678,297 $343,718,630 $370,946,250

W3BK.

this

Daakiag aid iftaaactat.

$95,242,8*8 $100 279,?93
248,475,742 270 666 657

EXPORTS FROM NEW YORK FOE THE

American gold

were

the receipts and payments at the Sub-Treasury in this city, as
well as the balances in the same, for each day of the past week :

1883.

1886

Last week.

Of the above imports for the week in 1887 $196,602 were
American gold coin and $1,651 American silver coin.
Of the

1,040
$85,843
172,500
238,229

$7,588,183

$

$211,630

833,673
172,236
2 .9,423
21,358
57,519

5,068

40,967

33,050

73,880
214,484
491,666

$8,923,359
8,063,413
13,265,928

$19,098

$1,584,447

43,585

1,471,553

2,216

980

36,893

182,425
408.096

1,575,634

These bonds, besides

lien

being base 1

on

the credit of the city, arc a first

all the abutting property, valued at $6,932 000. Assessed
valuation of tlie City, $7,276,234; actual valuation over
on

$25,000,000; total indebtedness, exclusive of this issue,
$422,000. Population about 40,000.
For farther particulars call on or address

GRISWOLD
3 WALL

&

GILLETT,

ST., NEW YORK.

THE

22, 1887.J

October

The iBanhevs'

To-day the rates on actual business were as follows, viz.:
days’ sterling, 4 81J@4 81 demand, 4 85£®4 85£.
Commercial bills were 4 79£@4 79f;
Cables, 4 85f@4 86.
Continental bills were: Francs, 5 26|@5 27-J- and 5 24§®
5 25; reichmarks, 94| and 94f; guilders, 39£@39f and 39£@40.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
l discount; selling | discount®par;Charleston buying 3-16®^
discount; selling par; NewT Orleans, commercial, $1 00®
$1 25 discount; bank, par; St. Louis, 25c. discount; Chicago,

(gazette.

Bankers’ 60

DIVIDENDS^

Name

of Company.

Railroads.
Boston & Providence
Nashua & Lowell.
Northern lN. II.)
BaiiL s.
Fulton

National

Pacific (quar.)

miscellaneous.

Chart’era Valley
Iron

Gas (quar,)...

Steamboat Co

WALL STREET,

Per
Cent.

Books Closed,

When

Payable,

j

(Days inclusive.)
10 to

Nov.
Nov.
Nov.

1 Oct.
1 Oct.
1 Oct.

gl to

Nov.
Nov.

1 Oct.
1 Oct.

1
20 to Nov.
22 to Oct. 31

Oct.
Nov.

27 Oct.
1 Oct.

FRIDAY, Oct. »1,

The Money Market and Financial
time of writing our report last week the

19 to

18 to
18 to Nov.

40c. discount.
The rates of leading

bankers

are as

2

1SS7-5 1*. ML.

Situation.—At tlie
result of the Reading

only remaining obstacle to reorganization without foreclosure
was removed; and this, wheu completed, will leave the Reading
affair on record as one of the most remarkable settlements ever
made in this country bv an insolvent railroad.
The extraor¬
dinary feature consists in the collection of a 20 per cent cash
assessment without putting on the thumb-screws in the shape
of a foreclosure.
After the market “ entered into the shadow” of Mr. Depew’s

conversation last week, which the bears made the
of, it took a few days to recover, but it was scarcely

St. Louis

possible that such important transactions as the B. & O.
Telegraph deal and the Reading settlement should not have
their effect, and this has since been felt.
There is nothing new in regard to the over-building of rail¬
roads; the only fact about it that is new is decidedly favorable,
and that is the circumstance that all the big companies are
curtailing their work and not undertaking new enterprises. It
is curious how Wall Street will go on for months without
placing any particular importance upon some palpable and wellknown fact, and then all of a sudden, under bear talk, it will be
magnified into a very dangerous and threatening affair. This
is the case with railroad building; it has been known and com¬
monly spoken of all the year, but not till the middle of Octo¬
ber, when there was a heavy short interest in the market, has
the danger of excessive construction been found out.
One
leading fact is indisputable in regard to the present era of
railroad building, namely, that the construction has been
mostly done by old and powerful dividend-paying companies,
and although they may lose some money in carrying the new
lines for a few years, and even be compelled to reduce divi¬
dends, still the possibility of such insolvencies and foreclo¬
sures as we have had in times past is, on
these lines, outside
the range of all probability.
The open market, rates for call loans during tne week on
stock and bond collaterals have ranged from 2£ to 5 percent,
the usual rates to stockbrokers being 3@4 per cent.
To-day
the' rates were 3@,4 per cent.
Prime commercial paper is
quoted at 6@6^ percent.
The Bank of England weekly statement on Thursday showed
a gain in
specie of £48,000, and the percentage of reserve to
liabilities was 43-87, against 41-59 last wreek; the discount
rate remains unchanged at 4 per cent.
The Bank of France
lost 7,550,000 francs in gold.
The New York Clearing House banks in their statement of
Oct. 15 showed a decrease in surplus reserve of $852,550,
the total surplifthbeing $7,200,200, against $8,112,750 the pre¬

Prime bankers’

4 86

80*2
4 79^04 80
5 25
35 243e
397s 3 39lni6
94&8 394%

__

Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen (reiclimarks)

United States

Demand.

4 82
4 80*4 04

sterling bills onLomlon..

Prime commercial

follows:
Sixty Days.

October 21.

negotiations with the holders of first consolidated fives re¬
mained uncertain. The settlement wras effected/ and thus the

most

531

CHRONICLE.

Bonds.—Government bonds have been neg¬

lected at the Board, no transactions having been
bids have been firm all the week and the 4^s are a
The

closing

22*«»5 2178
40l]fl34018
95*8 395*4

5

made. The

little higher.
prices at the N. Y. Board have been as follows:
Interest
Periods

Oct.
15.

Oct.
17.

Oct.
18.

Ocl.
19.

Oct.
20.

Ocl.
21.

.

*108
4 *28, 1891
reg
*108
4*28. 1891
coup.
*126
reg. l.-Jan. *125%
4s, 1907
*126
4s, 1907
coup. ►.-Jan. *125%
*121
& J. *121
6s, cur’cy,’95
reg.
*123
6s, cur’cy,’96
reg. J & J. *123
*125
*125
J.
&
J.
6s, cur’cy,’97
reg.
*127
6s, cui’cy,’98—reg. J <fc J. *127^
reg. J. & J *129 1*129
►.-Mar. *108
^.-Mar. *108

.

.

.

6s, cur’cy,’99
*
Tins is the price hid at the

*108*4 *108*4 *108
*126
*126
*121
*123
*125
*127

1*129

*126
*126
*12i
*123
*125
*127
*129

morning board; no sale was

State and Railroad Bonds.—In
Louisiana consol.

*108 4 *108% *103
*126
*126
*121
*123

*125
*127
*129

*108
*103

*126*4

*126*4
*121
*123
*125
*127
*129

unde.

the market for State bonds

4s continue to lead in

point of activity,

they also remain firm, closing to day at 89£, against 90 last
Friday. Tennessee settlement bonds have also been moderately
active, though other classes have been somewhat neglected.
Railroad bonds have been only moderately active during the
past wreek and the business has been of a somewhat unimportant
character.
Erie 2ds exhibited some activity at times, though
there were no other classes conspicuous for activity.
In the
early part of the week the market wTas unsettled and irregular,
and some of the more speculative bonds made lower prices.
The tone improved gradually, however, and prices became
generally firm to strong, though the strength was not specially
conspicuous nor the advance of importance. The prices of
bonds are still largely influenced by the fluctuations in the
stock market, though the business in bonds is relatively less
active than in stocks.
The changes for the week are, as a rule,
not important, though mostly in the direction of higher prices.
Railroad and Miscellaneous Stocks.—The stock market has
exhibited a much better tone during the past week, and the
general tendency the past few days has been strong and ad¬
vancing, notwithstanding that considerable weakness was
apparent at times, especially in the early part of the week,
when many of the leading shares recorded lower prices than
Since then,
■ were made last week, and the lowest for the year.
reactions,
prices
have
however, with only temporary
been on
the upward track, and on Thursday especially the advance wTas
sharp and decisive.
Several influences have contributed to
this changed feeling: in the first place, during the recent ex¬
treme
depression, the market wras largely over-sold and
many of the bears have been covering their shorts in a lively
fashion.
The high rates at which many of the leading stocks
were lending caused the first feeling of uneasiness and indicated
vious week.
Then again favorable
The following table showrs the changes from the previous the over-sold condition of the market.
week and a comparison wdth the two preceding years in the reports were circulated from various sources, including an
increase in St. Paul’s earnings—the first increase reported for
averages of the New York Clearing House banks:
some time.
Some of the leading stocks were also quite strong
1885.
1886.
1887.
Diffr'nc's fr'm
under special influences, like Western Union and Manhattan, the
Oct. 17.
Ocl. 16.
Prev. Week.
„Oct. 15.
latter having advanced sharply on bull manipulation.
The
$
$
$
$
strength
of
Western
Union
comesas a direct result of the absorp¬
335,473,000
Loans and. disc’ts. 351,842.700 rnc.3,654,000 343,811,300
tion of the B. & O. lines, on which the gross earnings have been
74.559.500 Dec. 415,000 75,279,400 105,630.300
Specie
9
8,218.500
956,600
Inc.
12.300
considerable, and the expenses will now be greatly reduced.
8 201,700
Circulation
355,255,200 Inc .4,881,000 350,855,800 387,796,400 Money continues extremely easy, the highest rate reported
Net deposits
21.514.500 Inc. 782,700 27,053,500 27,872,300
Legal tenders....
being 5 per cent; sterling exchange has been wreak and lower
88.813.800 Tnc.1.220.250 87,713,950 96,949.100 and the
Legal reserve....
gold receipts continue ; all of wdiich have contributed
96,074,000 Inc. 367,700 92,332,900 133,502,600
Reserve field
to the better feeling.
It must, however, be admitted that
4,618,950 36,553,500
7,260,200 Dee. 852,550
Surplus
many of these conditions have existed before without bringing
Exchange.—The sterling exchange market was firm in the any response in the stock market, and the improvement of this
week must therefore be attributed largely to the purchases to cover
early part of the week, owing to the same influences which
the bears and also to more confidence on the part of the bulls.
strengthened rates last week, though the demand somewhat' byBesides
those mentioned above, there have been several
fell,off. The posted rate for long sterling was advanced ^c.
other stocks prominent for special movements.
The sharp
on Monday.
The market has since become weaker, however,
advance of Missouri Pacific, Western Union, Union Pacific and
the influences having been reversed.
The demand from arbi¬
Manhattan gave rise to a report that Mr. Gould was buying.
trage houses has fallen off, because London has been buying
our stocks, and the pressure
from commercial bills has been The Northern Pacifies, especially the preferred, suffered a
renewed, owing to an increased supply. Under these influ¬ sharp decline early in the week on bearish rumors, but they
have since recovered considerably in sympathy with the rest
ences actual rates have been quite wreak and posted rates were
reduced
on the pound, to 4 82 and 4 86.
The arrivals of of the market. Reading has been one of the most active
stocks on the list and fluctuated within moderate limits on
gold have aggregated $1,980,000 since last Friday, all of which
very large transactions.
was probably ordered before last week’s advance in rates.




,

and

526

THE CHRONICLE.

of 20 per cent on these roads is the more remarkable that
no less than six of the seventeen
comnanmp *annrt a Inqq
in

net,

tuough

every one

of the eeventeen roads had

a

gain in

gross.
The augmentation in expenses is most
marked in the case of such roads as the Kast Tennessee,

the

Hast

add ition

to

$7»'*,h,'7,
CLarlthti

Tennessee, for mstauce, such has

Tbn foMof

* li

(X.'irrinc'q Loyofofoeo

p-iVpr:

;;;;

Vj-

reafter appear

in our Investment columns in
where also will be found tin* latest

the paper,

earnings,

been the

a ml

...ad V*iii
r

part of

is

of net

ano

ret;

other reports of earnings.

the

net

gntmd $ 17 12 in gross, but lost m $21 ob9 in
and fim S «m andoah Valley, on an increase of
$G,MC» ;n gioi + snlTe;s a diminulii 11 of $.*>,.T2G .in the
net.

onetavuS(CommcvclatEnoUsi Rcms

that though the gro?a increased
fail off $7 1ST
Tim Memphis 4V

t.\|»uS'S

[From

our own

Tlieo'her

S

nf'cri

ids that report

reduced net
the (Mi .supsakt* N < fiiio, the Capo Fear N Yadkin,
the Richmond N I'etersbiirg. The Central of
Georgia,

which lost

ro

tnirre*|nuidi nt.|

London, Saturday, Urinl»»-r

it

the net,

and

WEEKL Y RAILROAD EA RNINQS

Memphis k .Charleston and the Shenandoah Valley.

On the

a**e

[Vol. XLV.

Tin*

*uraging features

ene«

n spin 1

ing t

r:i• 1 • • no n

.

1S87.

tinned in

m?

last litter have born rather accent' uati d Muring tin* past work.
The

railway tratlir statement",

gnoils lines, which i»f

emirse more

of trade, show in many rases a

pai t

ieular'y

in the lieavy-

readily rellect the condition

further satisfaetory expansion;

stringency in the money market, due to the uncer¬
heavily in July, has for August a gain of
increased only
tainty respecting the export of gold, has been relaxed. Tht
The gc( d showing of the coal carriers follows of course return of the Cleveland Ironmasters' Association for Septem¬
largely from the excellent exhibits made by the Pnila- ber is, however, rather disappointing. It shows that although
delphia k Reading and the Coal k Iron Company, but all ..the make of pig-iron was about *1,500 tons less than in August
the other companies embraced under that head also have there has been an increase in stocks of rather more than 2,000
heavy proportionate gains, among them the New York tons. The woolen and cotton industries appear to be in a
Susquehanna k Western, the Buffalo New York k Phila¬ fairly healthy condition, though business is only of an average
character.
delphia, the Allegheny Valley, the Northern Central, and
Speculative circles at present are in a very listless state, both
the Central of New Jersey—in fach every one of them
here and abroad.
This cannot be attributed to political influ¬
reports improved net both for August and the eight ences, for the season is too far advanced for any re-opening of
months.
There remains only one other class of roads to the Eastern question, and the meeting between Prince Bis**
allude to, namely the Eastern, which for the month have marck and Signor Crispi seems to indicate that Germany at
least is disposed to take every precaution to insure tht
7 per cent increase in net and for the period to
August 31 maintenance
of peace.
Whether it be that small profit*
an increase of 9 per cent.
Among these the Baltimore & have caused margins to be cut so fine that
speculative opera¬
Potomac and the West Jersey report a loss for the month
tions have become too hazardous or whether it be that confi¬

$10S,9.‘).M

and the

so

on gross

and the Baltimore k Potomac and the New York k New

England a loss for the eight months. In the following
the result for each group of roads is
given for August
and the eight months.
The figures in parenthesis indicate

Gross

Net

Trunk lines

(7>

Middle Western(8)

*
10,131,114

1887.

$

3,526,061

1,177,479

481,105

4,920,007
2,tl60,0l6
8,320,95"
3,881.268
4,821,7 28
1,329,060
417,664

1,816,020
1,038,062
4,305,582
1,658,598
1,822,314
655,419
105,748

39,538,600 35,702,523

15,468,9:59

Northwestern..(5)
W’st of Miss’urliS)

2,353,628

Pacific Syst’msQ 1)
Southern r’ds..(l7»

Coal companies(6)
Eastern co’-... (7)

9,28') 439
4,484,074
5.2 8,319
1,456.593

Mexicun roads .(2)

513,910

1886.

*

9.324,683

1,362,258
4,638,324

Total, 60 reads

1886.

$

3,350,532
383,033
2,396,697
9"5,1U9
3,788,830
1,377,134
95^,007

613,317

Middle Western;?)
Northwestern. .(4)
W’at of MissTirHS)
Pacific Sys* *ms (11)
Southern r’ds..(14)
Coal companies 7)

72,076.170
9,621,1>06
84,090,000
17,786,4*5
61,419 597

80,350.9O9

Eastern co’s....(7)

41,226,409
8,531,049

Mexican roads.(2)

4,210.658

99,902.567

24

mouth character.

5

+516,752
+281,464
+864,247

14
20

90

-+42,102':

7
79

13,945,403

Jj-1,523,566

11

83,282,351 + 15,780,216

13
48
4

31
,

o
21
74

9
57
19

Trunk Lines—The < lev. Col. Cln. A Ind.,the Erie. Chio. A Grand Trunk, Det.
#r. llaveu A Mil., Grand Truns of Can., the Ohio A Miss., and the Ptnngylran a.

Middle Western—'The Cairo Vin. A Chie., Chic. St. Louis A
Pitts., Cin. Tnd.
St. L. A (
Det. t'avCitv .* Alpt-na, Grand Hap. & lml., Cleveland A Canton,
Soiot) Valley and Toledo A Ohio Central.
..

Louis.

Chic.

Grande, Denv. A Rio Grande Western

Pacific Systems-The six Southern Pacific roads and the Union

Pac., Northern

Southern Roads—The rentral of Georgia, Ches. A O
Ohes. O. A S. W., Eliz.
Lex. A 11. S., East Tenn. Va. A Ga„ Louisville A Nash., Nash. C. A St.
Louis,
Norfolk A Western, l.ouisv. N. O. A Tex„ Memphis A Charleston. Shenandoah
Valiev, Fort Worth A Denver City, Cape Fear A Yad. Valiev, Kentucky Cen¬
tral, Peteisburg, Richmond A Petersburg and St. Louis Ark. A Texas.
,

Coal Companies—The Pliila. A Reading RR.. P. A R. Coal A Iron Co.. Ruff. N.Y.
A Phila., Northern Central. All. Valley and N. Y. sus. A
Western, and for the
•Lht mouths the same roaus together with Central of New Jersey.
Eastern Companies—The Baltimore A Potomac. N.Y. Ontario A
Western, West
Jersev, Camden A Atlantic. New York A New England, N. Y. Phila. A Norfolk
and Rome Wat. A Otfdei sburg.

Mexican Roads— The Mexican Central and Mexican National.




was anticipated.
At the same tim«
infer because time bargains on th*

+52,863

+73,154

P&c., Canadian Pac., Oregon Imp. Co. and Oregon Ry. A Nav. Co.

Exchange

to

—580,677

P.C

If otic.—Included under the head of—

West of Missouri—The Denver A Itio
*nd Atch. T. A S. Fe.

reason

5

Dec.

*

92,594

Northuvstern—The Burli iron A Quincy. Minneapolis A St.
Mil. A St. Paul, Keokuk & Western and Minn. A Northwestern.

Stock

no

20

or

05.385,685 23,124,883 20,531,536 +2,593,347
7,497,020
2,sOS,223
1,s9 2,861
+915,362
32,450.338 13,504,333 13,030,061
+474,272
14,317,799
7,749,433
5,u20,975 +1,822,463
55,061,350 22,975,919 21,079,157 + 1,290,792
2f>,7S6,513 10.147,681
8,376,072 +1,771,609
8.319,596 +6,130,525
£>,320,645 14,450,121
?,726,260' 2,806,288 2,570,403 +235,825
3.528,844
1,49 V55L
+ 540,021
955,030

Total, 62 road- 279,283,213 247.064.454

have

+98,132

Inc.

.

Jan. 1 to .1 ay. 31.
Trunk lines
(7)

we

+175,529

Earninq8.

August.
1887.

activity in dealings that

because there is

EARNINGS.

Earnings.

yet been thoroughly restored, it
but it is very clear that there is not that

confined within a narrow volume, or
comparative dearth of new undertakings,
that the real business of the country is retrograding. We
know that such is not the case, having statistical proof to the
contrary ; but for all that the complaint that the progress is
very slow is not without foundation.
In all the leading
departments of industry just now there is an absence of prom¬
inent features, transactions being more or less of a liand-to-

the number of roads included in the group.
GROSS AND NET

dence in the future has not
is difficult to say ;

are

a

.

The tone of the money

market has been distinctly altered.
tendency is now all towards weakness, and this will prob
ably continue to be the case for a day cr two, until the effects of
the dividend payments have worn off, or until boating balances
are reduced by' the repayment of advances to the Bank. There
is just now no inquiry for gold for New York ; hence some
additions are being made to the stock in the Bank of England
Loans can be had at 3 per cent, but it is not expected that the
prevailing ease will be long-lived.. The discount charge for
three months’ bills is about % per cent below the Bank rate.
I a this week’s Bank of England return the authorities ar*
shown to have taken advantage of their right to issue notof
to a certain extent against the lapsed issues of country banks.
In consequence, the “other se?urities” in the Issue Depart¬
ment have been increased by £450,000, the authorized amount
The

of the

issue; and the total is now £5,134,900, in¬
£4,734,900, as formerly.
The reserve has also
been reduced £700,324, the usual demand for coin and notes
at this season of the year telling upon the return, and
the proportion to liabilities, which last week was 43*76 per
cent, is now only 38*64 per cent. In note circulation an
increase of £683,660 is shown, while the stock of bullion
exhibits a falling off £466,664, the whole of which has gon*
into general circulation ; the week’s import and export opera¬
tions having upon balance resulted in a gain of £25,000. Rev¬
enue payments have increased the total of
public deposits by
£1,754,733, and the stronger demand for loans lias swollen
stead

new

of

the total of
reserve

is

other securities £647,000.

now

£11,178,212,

and the stock of bullion is

from then of £434,000.

or

£455,000

The amount of th*
more

than last year;

£20,120,032, showing

a

decrease

October

following return shows

The

|

7 day

Circulation, excluding
other bill*
Public dejM>Mt«
Other deponita...

k

k

...j •1.7.31*2

....

j

Government •eciirUlea
Other

i.i.unau?

11.17*.VI7
20, ’ tO.'Mg

....

:ir* d k p.

Coneula

,...

Clearing llouau r» t urn

i

...

fl.nr.i.iio
W Odd dp*

Flour
It. 4POII

WS.IPO 8.'*
2 1.54*.

ll.7ofl.4u*

l'*.47 1. <7*

2I.4*V»,W2*

20.0*4 ,* J*
3»T* P

p. c

Halted
Floell

l’i\l«*y & Abell
market:

bull"

>n

t

loJ,2i g.noO

write as follows on the state

Sugar.

;n

...

I’itl

..rA In.

t m.

*2 5.o6|
137. 15

t Him.

l 6

toll*.

1 ,"69

e w
.

.

tv
.

..

a n*

t! i * *

vx

Wool
Cotton

14,839

Ills. 1,5*23,500

piece goods...yds. 3,lol,l00
lbs. 1,004.460

Piece goods
yds. 11,08s,300
.lbs
133,600
Linen— Yarn
Piece goods..yds. 7,05 i />()<)
30,016
8ilk broadst nils
yds.
Other articles of silk only

6

i

‘.7
12,6 8 i

as

materials
Woolen fabrics
Worsted fabrics

far

...yds.

Carpets

Hardware and cutler}’
Iron and steel—Pig...tons

Bar, angle, Ac..tons
Railroad
tons
Hoops, sheet, Ac. tons
Cast and wro’t..tons
Old. for remuftr.tons
Tin-Plates
tons
Steel, unwrought
tons

prodti

Cement
Earthenware A

216
3,‘■61
14.231

3,819
171,013
4,445

1,407
8.052
13/‘93
5,467
52.504
59. >83
5,375
87.424
3.987
136 028
8.248

5,2,3

4,052

61.996
117,091
193,011
30,< 97

137,374
182,248

21.8,3

1,7:4
50,27 8
9 4,515
*

142,200

6,93o. U)0
36,518

858.60 •

441590

117

548

5,315
1,231

22,790
6,221

‘M6S
82 364

125

272

2,460
17,012

8.183
24,495

7.874
489

12,986
523
611

277,3'.<9
39,219
25,204

314

231
355

cwts.

416

Stationery,otli’r than pap’r
The movements in precious
To and from
GOLD.

9

Do

business.

Sept
mo

it. s.

lixporl* in -ept.

September leturn of the Cleveland Ironmasters’Asso¬
ciation shows that the total make of pig-iron for the month

less than in August, The
number of furnaces on Cleveland oro at the end of the month
was 52, the same as at the close] of August.
The number
on hematite was 45, or
2 more than in August. The total
stocks at the end of the month were 629,528 tons—an increase
of 2,089 tons over August.
The total shipments were 72,512
tons, or 933 tons less than in August.
September’s Board of Trade returns are not unfavorable.
210,034 tons, or 4,530 tons

.

9 months.

Do

4,046
108,223
42,108
4,108
23,138

322.885
75.868
2,*42

7,335
2,127
38,"41
12,792
23,097
75,7 05

188(4.

£

£

801,444
751.791
9.3<>.7.:493 11,21 >,434
850,(57‘2,05 7,

7,171.105

4,626

2,368
67,63(4

49,155
85,103

1,193

1,040

1,610
41,229
6,806

100,632
7,HC

23.202

1.261

metals have been as follows:
To and

from United

1H97.

18-85.

lHsd.

£

£

£

all Countries.

L8S5.

SILVER.

Imports in Sept....
Do
9 months.
Kxports in Sept....
9 months.
Do

35,959
120,916

72,6 78

Skins aud furs

Imports in

22,645

2,601
5,811
230, .76
49,862
2,533
2,598
8,982
50,-79

236,'03
18.331
10,985

All other kiuds.cwts.

£65,000

76,126

30,570
65.366
1,10-J
21,310
9, *02

porcelain.

Ac

1

’,360

1

20,‘ 2*8*1

Paper—Writing, printing,

£15,000

1387.
£

£2 >.71 5

:O.P8

ewts.

the

gathered

be

15.103

doz.

sacks

to

Yaluc

193

Apparel and slops
Haberdashery A millinery
Alkali
cwts.
Bags and

1 _9 J5l
ee

is 80.

3,3 '<5,800
166,300

tons
Steam-engines
Other kinds of machinery.

‘. 6,88"
27.767
35.67 4
9,393

v»

a s can

212,800

cwts.

Tin, unwrought
Lead

6. *40
96 1.755

1 .*.2 29
o,9 20
1 I ’.170

1°,‘,:,2
1.2"*.>,100
‘2,4 17,000
6»1,200
11,193,000

781.500
yds.
yds. 3,930,100

97,799

12 9 17
-.1 ’3
1 7,' *9

.

Articles of silk and other

The

was

275
*2,5;3
‘23.6'3

Iona

£55,000
071ap.eent..l,l 13,781

acquire existing

1 16

1.44. *2

1

26,7 3

O

18*7.

Jute—Yarn

COLONIAL.

’To

j*.

...galls.

Spirits

Cattle Co. (Limited), 0 per cent debentures
Chilian Government 1 l*j per cent loan, issue price,

5 per cent debentures,

4
l 1 7.663
197

3 *«*.* 2 4
23. >72
*

,746
1, (13
'*,« 49

>0 >
2. *3
of British and hiis!i

No.
obis.

Horses
Beer and ole
Salt

FOREIGN’.

(Part of Melbourne)

3.8

2 i7
266 *7 1
13.2. 2

toll*,
cut .*.

16

Quuutilg-

45,000
Co. (Limited),
150,000

Nevada Land A

.

tiy

18v>.

LOCAL.

Extracting <fc Ketining

.

01

T7.*> i i
0,4.0 7
7 t.’2 4 .1
1.4, * 6

»rt s
United States during September,
from these ollicial statistics:
Below

placed at an average of £3 11s. 0%d. and
the six months' bills at £3 9s. l}£d. per cent.
Messrs. N. M. Rothschild & Sons are authorized to receive
subscription for a Chilian Government 4j^ per cent loan for
£1,113,781, the issue price being 97% per cent. The capital is
required for the payment of certificates issued by the Peru¬
vian Government, as purchase money for saltpetre works
situated in the province of Tarapaca, which have now become
the property of the Chilian Government.
The capital creations for the week have been :

£1 shares

.

12 *.o 9
13,4.10*
75
56. 431
H.O0.9
2 *. 6 * 8
10.5, 4 2'2
9.25 4
12 *.6*1

■US 570
1« .77 1
«.4.»

lO.*'25

.

three months’ were

Railway 5 percent First Preference Bonds,
cent ...
.
Astral Foxdale Silver Lead Minim: Co. (Limited), £ 1 shares

ft

cute.

rrlliml

.

t»*.

t

W

<

.

‘27
‘2*1*9

21,112
1 1.7 6
‘2,5 » 4
7*.‘J‘.itt

ta.

2 O'. 4 : 4
1 *. '* J.4
1 16.7 .7
13

7.:.4 7
8.726
5.4. "46
4.*,3* 1
4
l

vv 1«.

a

.

1.48.*. -JIO

<• W tH.
Tallow
3,4To
Woml.V timin'!-- -J lew u.Jd*.
7,690
Sawn aud Hi»ilt... .lo.ol*.
Vo.
t 'locks
...lb*. 2.65.’.591
Leather

received tenders for £1,500,000
Treasury bills, to replace a similar amount maturing, which
were issued in July last at an average of £1 8s. 5d. per cent.
Toe allotments were : In bills at three months £515,000 and
at six months £1,045.000.
Tenders for bills at three months,
at £99 2s., will receive about 47 per cent and above in full; and
for bills at six months, at £98 4s. 4d. and above, in full.
The
average rate for the three months’ bills was £3 11s. 4d. and
for the six months’ £3 10s. Id. per cent.
These charges are
slightly higher than those paid on the 23d ult., when the

Eastern A Midlands
issue price, <>;“>.per

502.8 I 6

l 1.75 4
ti-L 4 79

W" It.

«•

Cotton, raw

of England has

minimum 107

7 i5.7*8
1 71,915
7 65. ' 15
12 4. ‘1 l
2 2.9 '*3

i •

Kegulil’*. At
I nwrought and

Straits.

City of Richmond

7« 0.7 Hfl
26
*04
5o 1.792

tu*'< I.<

wiought

I to New

’Extended Electro-Metal

2 ,"91.268

53,«<71

’o|>|»n ore.......

of tin-

imnhr.t *-il.
I
total, Alue,.
The I*. A «». >t< um r t tkc* lO.ouo to the K;i>i.
OOO.
Silver st roii^t Inin t( uni il niter t lie allot i ne tit of t'oniiei] lira ft s. win n,
with weaker exchanges, the price <!toppci| to 1 I ~j,1.
.17’J.ooo arri\eil
from t'liili. t':»:i.oon irom New York ami
c 40,000 from Wot iinlio;
total, X 1 I *,ooo. The I*. *v <). mail takes e IOA.oiki to India.
Mexican Dollars- Sonic I nisi mss was done at i;>:iid., ex Me Iw ay and
Arrivals; From Vera Crn/, coo.ooo from West Indies
St. (iermaiu.
£80,ooo; total. •; 170,000. £ !<*i ,oo<) has lM'en sent to China and tlie
The Bank

1.851,1*0
67 7, VJ l
1.1(0 49!
ew t a
1 *.0,*73
.ew 1*.
nvlu.

(‘hoc*e
Fi-li
Laid

1 \ .l.i\s i>r t to* u
t lute were strong i 11«111 i ri< ■ ^
\ oi l», Imt t It is li.i> now mhiii'W lot
t
'* "• I .«»<»!> in l i,i rs lor I ho S t a
aint Ita ■* ivi-ri \ c* v.' 1 *»*.*.
in :
tiotii Now /.inlaiiil. itl.tiiM'i from llonilu)
£76.0410 I'lom Ita.no- \ \
- . 111 > 1 tn.oon inon Liter I * 1; 11 * ■ :
I mu ing I lit

<.«»!«!

for g**ld f* *r e \ |
The Ho nk h.i> I o’* i
One.
The a ill \ ;i I

15

e w

Hut ter

160, S3 6

1 1 4

Hultnl

I'ork

•

lot

io. j.mi

»;.o<x' 107.451 .'»*

>

£

£263.897

1

,e\vta.

.

......

Moot. iiheinnm
l*i « ari \ • 11

:i p..

2 p c

P. r

.

,

1887.

1986.

8,283

.

22 2>.031

3»

,.

—

t

Messrs.

Yah it.

>

9

13,279

Oxen and bulla.... ....No.
No.
"own
Sheen ano liuulm
Wheat
At lull. lMtrtH.rwt*.
ewta,
I’urlflr port*....

IW.<*I 4,542

lot

" 2 ;»-:n i.
112.1 G.OOo 11

2d.2fll.7Vi
fl,7l2.».M

2S.5O0.450

3 01 j*. c

o1-*

£

t

tfO.flftl.MVJ

C.

1887.

..

‘27.15 > fllfl
15.9 *0 915
21.1*1 12.3
in,:.a 1*7

2.*.< 41.580

Quantity.
1886.

ii»4.

2fl.fl8i.d73
i flsj rg.2

‘2fl.l4l.8J*
.

••eurlttei*
tleeerve of notca and ooln
Coin and bullion
Reserve to llabilltle*

1387.

enumerated in the Board of Trade

returns:

the price of consols, &c.,
itv'6.

and

during September so far as

Bank of

the position of the

England, the Bank rate of discount,
compared with last throe years :

'

529

THE CHRONICLE

22, 1887.]

O.dtt

758,00,1

7,189,1:2
697,8145

577.451

59f5.df(6

710,203

5,(427.8'4!4

5.593,2(1(4
e:; 7,202
b, 4 ()J,' »./0

7(45, vt is

572,7:44i

7,905,97 *

5,(47 1,217.

1887.
£

170,909

1,172,081

2.149
29,212
495,350
1,7 39,109

137.494

2,263.131

156,404
1,353.137

240,987
1,414.4*73

1,800

24,000

i

2,70 u

31.679

3.'35
893,0.41
13 < 5 0

7,024,095

7,1 oH.drt I

States.

31

2,4 43

2,998.418
5*18.930

nothing new to notice in the wheat trade. Statis¬
tics rather favor the assumption that better prices will p evail,
and this has to some extent been borne out during the week,
an advance of 6d. per quarter being not uncommon.
Fair
deliveries of home produce have been effected, but imports
have not been large, and neither have the markets been overabundantly supplied ; but it is something to know that
only an average inquiry prices have hardened even
There is

with
expansion is shown in our exports, the total being
slightly.
£904,855 in excess of last year, principally in metals and The average of home-grown wheat for the past week was,
machinery; while the gross gain for the nine months was however, very low, namely, only 28s. 5<1. per quarter. The
£3,583.444, of which *£2,500,000 was due to the greater activity quantity of produce afloat to us is decidedly below that
in these special articles.
The imports for September exhibit a year.
The following shows the import of cereal produce at the
reduction of £1,700,911, about equally distributed between United Kingdom during the past five weeks of the season,
food and raw materials.
In the nine months there has been a and other items, compared with last year:
A further

of last

gain of £7,934,101.
The following are the totals of the
ing September and the nine months:
r—Imports Foreign—*
db Oof no

iul Pro<1 hoc.
9 .Vos.

X

1883,
188 4,
1887

The




Reports

imports and exports dur¬

British <£-

Irish Produce, tS.e.
9 Mos.
Sept.
X

£

280.146.981
2A.898.5U5 2V\5:) ;,540
27,191.594 2 4,4 ■>7.010

29.MJ4.78S

■

IMPORTS.

18,621,064

Sept.
£

£

160.0S8.231

18,928.975 159,515.970
19,843,830 163,099,414

following shows the

-Re-exports Foreign
dt Colonial Mdse, <tc5V80,0?2

4,496.972
4,553, *64

imports from the

9 Mos.
£

40,344,284

42,301,883
44,416,440

United States

tfkeat...

Harley
late

Peas
Beane
Indian corn...
?lour

.cwt.

1887.

1886.

5,574,862
1,092,690

6.1.9,554
2,147,61 6

1,3-5,712

225,220
2.852,691

167,312
443,2 *4
2,466, *96

351.474
2,40 q7 *8

1,730,101

1,073,071

1,805,292

6

152.494

209.943
2.1 66,7c 0

1,996,274

Supplies available for
September 1):

1884.

7,814.962
2,246,802
1,‘264,325

1,403,297
251.9

1885.
6.8 75,4 60

1,572.969

115,593

1.627,690

consumption (exclusive of stocks od

CHKON1CLF

THE

530
1886.

185:5.

1884.

Import* of wheat.cwt. 5,574,802
1.996,274
Imports of flour

6,129,554
1,730,101

6,875,460

7,814,962

Bales of home-grown..

3,106,832

1,073,071
4,422,620

5,053,627

12,5£6,C89 10,966,537

12,371,151

14,496,279

1887.

4,995,553

T >tal
Aver,

price wheat

5d.

30s.

3d.

30s.

28s. lid.

31s.

6d.

31s.

week. 28s.

Aver, price wheat

season.

1883-84..

1884-85.

1885-86.

1386-87.

1,627,690

6d.

41

32s.

Id.

61

33a.

Of the above imports for the week m 1887 $196,602 were
American gold coin and $1,651 American silver coin.
Of the
exports during the same timo $19,879 were American gold
coin and $3 were American silver coin.

United States Sub-Treasury.—The following table shows
the receipts and payments at the Sub-Treasury
well as the balances in the same, for each day of

Wheat

Flour,equal
Maize

qrs.

Bugltsli

1,160,000

1,620,000
20 1,900

1,517,000
115,000
172.000

1.900
309,000
1 3

232,000

Financial

C5**>u».

tober 21.
London.

Sat.

Silver, per oz
d.
Consols for money
Consols for aooount
Fr’ch rentes (in Paris) fr
U. 8. 44s of 1891
U. 8. 4s of 1907
Canadian Paoifle
Ohio. Mil. & St. Paul....

44

Wed.

44

44%

44%

Thurs.

Fri.

44%

44%*

p,

102ll16 10213] q 102l3,e 10211,6 10234
102l3)fi 103%6 102%
10213, (. 10213,„
82-07% 82-02%
81'82Ui81*92% 81*92% 82-05
1027lfl

* 111

ill

128%
53%
7314
2638
119

Pennsylvania

56%

Philadelphia & Reading

31%

New York Central

Tues.

illl

129%
53%
73%

128%
5+.%
72%
26%

27%
118%

119
56

56%
31

30%
xlt6% 106%

107%

111

111

111

129%
54%
74%
27%
119%
57%
31%
108%

129%
54%

129%

73%

75%

54%

28%
120%

27

119%
57%

57%
31%

31

109%

108%

©ottttttjercial and mtscjellaueaus Hems
National Banks.—The folio wing banks have

recently been

organized:
3,802—The Citizens’ National Bank of Orlando, Florida.
Capital
$50,000. Legh O. Garrett, Pres.; Hardy G. Garrett, Cashier.
Imports and Exports for the Week.—The imports of last

week, compared with those of the preceding week, show a
The
total imports were $7,812,794, against $8,905,539 the preced¬

decrease in both dry goods and general merchandise.

ing week and $9,009,830 two weeks previous. The exports
for the week ended Oct. 18 amounted to $6,277,025, against
$6,286,022 last week and $6,411,471 two weeks previous. Tie
following are the imports at New York for the week ending
for dry goods) Oct. 13 and for the week ending (for gen¬
eral merchandise) Oct. 14 ; also, totals since the beginning » f
the first week in January :
FOREIOK IMPORTS AT KEW

For Week.

1884.

Dry Goods

1885

19

n

1,178,978
1,345,492
3,734.716

20
21

1,069,863
9,43?,068

10,357.895

1886.

Gen’l mer’di86..

$2,010,104
5,996,919

$1,918 587
6,02 J 70!

Total
Since Jan. 1.

$8,007,013

$7,9:9 S8S

$95.4 5’, 403

$*1,775, 9° 9

215,431,916

221,902, 368

Dry Goods
Gen’l mcr’dise..

'

Total

Cert’s.

| Currency.

$

,

132.178,660
132.132,293

14,1

132,219,185
132,145,159
132,143,571
132,216,318

3

$

1,910

13,599,903!

3,249,0361

15.029.421

12
12
12
T2

493.471
581,988
092 505

061,378
12, 250,099

13,9:6,871!
14,018,935 11 712,4)3

.

ber, payable at the Transfer Agency of Messrs. Lounsbery & Co.
—The Ontario Silver Mining Co. has decUred its 137th
dividend of $75,000 (for September) payable by M- ssrs. Louns¬
bery & Co.
Sutro Tunnel.—Copies of the book referred to last week
may be obtained at the office of Mr. Sutro in the Drexel Build¬
ing. An important item in this report was the statement of
revenue since the opening in September, 1879.
For the past
four years ending March 31 the receipts from royalty were as
follows: 1883 4, $71,515; 1834-5, $125,622; 1885 6, $174,183;
1886 7, $254,009.
The book gives much space to ihe question
of probable future_income.
Auction Sales.—The following were sold
auction by Messrs. Adrian H. Muller & Son :
Shares.
18 Nat. Mechanics’ Banking
Asa
$37 lot.
30 Consumers’ Ben. Coal ..$6 lot.
15 Chem. Nat. Bk..2,802 t > 2,*15
53 Consol. Gas-Light Co
704a
10 Phenix Ins. Co. (ass. pd.) 97
15 Montauk Fire rns. Co
75%
65 Nassau Fire Ins. Co
..144%
52 Brooklyn Gas-Light Co 103
112 Nassau Gas-Light Co
98%
31 Union Ferry Co
155%
240 Brooklyn City RR. Co
123 4
.

125
2J

People’s Gas-Light Co... 58%
Brook'yn
Academy of
Music (with 2 tickets).. 115

14 Yonkers Gis-Light Co.. 8t
1 Brooklyn Law Library..$5 lot.
50 Bank of Commerce
172
25 Pacific Bank
15 %

Bank

.'

6,58 ',652

$1,775 205
6,- 3 7 589

$3,61 (5,077

$7 812 791

this

weak at

Shares.

100 Cincinn iti

&

Hamilton

Dayton, common

.....

57%

40 Amer. Loan & Trust Co.. 116
13 Nassau Fire Ins. Co. of

142

Brooklyn

380 Brooklyn City HR. Co...12244
20 Forty second
St. & St.
Nicholas Ave. RR. Co.. 36%
90
10 Howard In^. Co
50 Standard Oil Trust
160
159 Columbia Bank
68%
Bmds.

$1,675 Nassau Gas-L. Co.cert 9744
$ >,000 Town of Ottawa, Ill.,
10s, due July 1. 1879.
Ju y, ’73, coup on.$1,775 lot$5,000 Second Ave. RR. Co.,
7s (‘on. cniiv., 18-8
98
$1,000 Macoupin Co., Ill., 6s,
95

IS:-*8

18‘iq

60 Kutgers Fire Ins. Co
1 J6%
8 Farmers’ll Drovers’ Nat.
Bank of Sommers
105

1887.

$2,630,425

-

1,2 6,537

40 Oriental

FORK.

•

as

—The Homestake Mining Company has declared its 111th
dividend of 20 cents per share, or $25,000 in ail, for Septem¬

10211.

Erie,common stock...
Illinois Central

Mon.

$

a

Coin

Coin.

$

916,982

946,624
1,858,770
1,893,355
2,060,031
2,146,957
3,447,108

4t

daily closing quotations for securities, &c., at Lun«1on
reported by cable as follows for the week ending Oc¬

Payments.

$
Oct. 15
*1
17
a
18

The
are

Receipts.

1883.

1886

Last week.

1,491,000
108.000
202,000

.qrs.
to qrs.

Date.

Kingdom:

This week.

in this city,

the past week

Balances.

following shows the quantities of wheat, flour and

The

maize afloat to the United

fVoL. XLY.

$>,010 Bleeckcr Street ct Ful¬
ton F< rry RR. Co., 1st,
11338

7s, 1900

IJasikilig and lift iaact.it.

".+ 95,242,3-8 *100 279 .*93
248,475,742 270 666 657

United Slates Government- and other desirable

_

Total 41 weeks. $340,886,409 $303,678

In

our

•2

report of the dry goods trade will be found

the

m

EXPORTS FROM NEW YORK FOR TILE

For the week...

Prev. reported..
Total 41 weeks

1885.

$6,403,332
257,0*8,089

Wf,Sh.

1886.

$6,138,055

253,112,532

|

$6,067,603

242,651,104'

FOR

-

ports of dry goods for one week later.
The following is a statement of the exports (exclusive ;A
specie) from the port of New York to foreign ports for Iff
week ending October 18, 1887, and from January 1 to date:
1884.

SECURITIES,

97 ? 3 13,7 18,0.30 $370,946 250

INVESTORS.
All stocks and bonds listed on the New York Stock Exeh
and sold on commission for cash.

Deposit accounts received and interest allowed
subject to draft at sight.

1887.

II A RVEY

$6,277,025
237,919,731

$263,491,421 $259,250,637 $248,718,707$244,196.756

23
WM. EDWARD

The following table shows the exports and imports of specie
at the port of New York for the week ending Oct. 15, and
since January 1, 1887, and for the corresponding periods in
1S86 and 1885:

Exports.
Week.

Great Britain
France

Germany

West Indies
Mexico
South America
All othercountries.
Total 1887
Total 1886
Total 3 835

$1,900

$130,103
27,427
968,101

7,560

3,779
8,600

$21,779
64,449

2,426,383
2,339.911
532,714

Week.

11

Total 1887.
Total 1886.
Total 1885.




SONS,

Street, New York.

&

STANTON,

STREET,

$5,04 8,330
7,100.398

1,302

14.146

NEW

YOIK,

NEGOTIATE

State, .municipal,

Railroad,

Water and Gas Bonds,

15,235,096
4,003.157
229,148
546,653

NONEY ADVANCED ON MARKETABLE SECURITIES.
—

1

■

■
^

C I T V

$0,424,644 $1,510,831 $32,176 928
37,310,920:
306,256 13,594,985
6,493,320
60,952
8,666,539

6

OF
PER

TOPEKA,

CENT

IMPROVEMENT

KANSAS,
ROND*.

ISSUED FOR STREET IMPROVEMENTS.

$78,000
6,800

Germany
West Imres
Mexico..
South America
Allother countries.

WALL

Since Jan.l.

Silver.

Great Britain
France

month’y balances

BANKEHS,

$615,414
526,501
3,231,410
118,074

is’is'j

bought

WALTER STANTON

COFFIN

imports.

Since Jan.l.

&

COFFIN.

BXPORT8 AND IMPORTS OF 8FEOIB AT NEW YORK.

Gold.

FISK

Nassau

ou

in go

$7,588,183,
833,673;
172,236
2, 9,423

21,358'
1,040

$211,680
5,068
980

57,519

2.216
182,425
408.096
73,880
214,4s4

40,967

33,050

491,666

$85,843 $8,923,359
172,5001
8,063,413
238,2291 13,265,928

$ 39,098
43,585

$1,584,447
1,471,553

36,893

1,575.634

These bonds, besides

being base l on the credit of the city, are a first
all t-licabutting property, valued at $0,932 000,
Assessed
valuation of tlie City, $7,270,23 1; actual valuation over
lien

on

$25,000,000; total indebtedness, exclusive of this issue,
$422,900. Population about 40,000.
For further

particulars call

on or

GRISWOLD

address

&.

GILLETT,

3 WALL ST., NEW YORK.

:

October

THE

22, 1887. J

531

CHRONICLE
To-day the rates on

(gazette.

Jftje jankers'

Bankers’ 60

Cables, 4 85f@4 86.
Commercial
Continental bills were: Francs, 5

DIVIDENDS

of Company.

Railroads.

Providence
Nashua & Lowell.
Northern (N. II.)
Rank s.
Fulton

Pacific

-

N<iv.

4^2
8

Nov.

National

(<juar.)

Miscellaneous.
Charters Valley Gas (quar.)

Iron

G

34

Steamboat Co
,

WALL

24
24

(Days

Payable.

Cent.

Boston <fc

Boohs

1

When

Per

Name

j Nov.
Nov.

| Nov.
| Oct.
I Nov.

STREET, FRIDAY,

actual business were as follows, viz.:
81£@4 8H; demand, 4 85\ @4 85£.

days’ sterling, 4

bills w7ere 4 79^@4 79|;
26|@5 27-J- and 5 24§@

and 94£; guilders, 39f @39| and 39|@40.
the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
J discount; selling £ discount® par ;Charleston buying 3-16@U
discount; selling par; New Orleans, commercial, $1 00®
$1 25 discount; bank, par; St. Louis, 25c. discount; Chicago,
5 25; reichmarks, 94|
The following were

Closed,

inclusive.)

30 to

1 Oct.
1 Oet.
1 Oct.

21 to

1 Oct.
1 Oct.

20 to Nov. 1
2*2 to Oct. 31

19 to

40c. discount.
The rates of

follows:

leading bankers are as

27 Oet.
1 Oet,

Oct. 21,

2'

1SS7-5 1*. 31.

Prime

bankers’ sterling

Documentary
Paris

Demand.

Sixty Days.

October 21.
1S to
18 to Nov.

bills on London..

commercial

(francs)

4 82
4 8014*4 80%>
l 79%*4 8 >
5 *25
3 5 2 4^8

3978*39,nis
94*8*94%

4 86

5

22^a>5 21*8

404«3404
95i8*95i4

(guilders)
Financial Situation.—At the Amsterdam
Frankfort
Bremen (reiclimarks)
last week the result of the Reading
negotiations with the holders of first consolidated fives re¬
United States Bonds.—Government bonds have been neg¬
mained uncertain. The settlement was effected, and thus the lected at the Board, no transactions having been made. The
only remaining obstacle to reorganization without foreclosure bids have been firm all the week and the 4£s are a little higher.
removed; and this, when completed, will leave the Reading
affair on record as one of the most remarkable settlements ever
Oct. i Oct.
21.
jj Periods
Interest Oct.
made in this country by an insolvent railroad. The extraor¬
j 19.
dinary feature consists in the collection of a 20 per cent cash
*1084 *108% *10-1
*108
assessment without putting on the thumb-screws in the shape 4128,1891
reg jQ.-Mar.
*1084 *1084 *108
*108
*126
*1264
coup.jQ.-Mar. *125%
44s. 1891
*126 1*126
of a foreclosure.
*126
*1264
4s, 1907
reg. Q.-Jan. *125%
*126
i*126
After the market “ entered into the shadow” of Mr. Depew’s 4s, 1907
coup.! Q.-Jan,
*121
*121
|*121
*123
*123
reg.jj. & J. *123
St. Louis conversation last w7eek, wdiich the bears made the 6s, cur’cy,’95
*123
*123
*125
*125
reg. J. & J. *125 *125
*125 1*125
most of, it took a few7 days to recover, but it w7as scarcely 6s, cur’cy,’96
6s, cur’ey,’97
reg.jj. & J. *127^ *127 *127 *127 *127 *127
possible that such important transactions as the B. & O. 6s, cur’cy,’98—reg.jj. <fe J. *129 1*129 *129 [*129 [*129 *129
Telegraph deal and the Reading settlement should not have 6s, cur’cy,’99 reg.jj. & J.
is the price bid at tlie uioroiug board; no sale was uu.de.
their effect, and this has since been felt.
There is nothing new in regard to the over-building of rail
State and Railroad Bonds.—In the market for State bonds
roads; the only fact about it that is new is decidedly favorable, Louisiana consol. 4s continue to lead in point of activity,
and that is the c ircumstance that all the big companies are and they also remain firm, closing to day at 89J, against 90 last
curtailing their work and not undertaking new enterprises. It Friday. Tennessee settlement bonds have also been moderately
is curious how7 Wall Street wrill go on for months without active, though other classes have been somewhat neglected.
Railroad bonds have been only moderately active during the
placing any particular importance upon some palpable and w7ellknown fact, and then all of a sudden, under bear talk, it will be past week and the business has been of a somewhat unimportant
magnified into a very dangerous and threatening affair. This character. Erie 2ds exhibited some activity at times, though
is the case with railroad building; it has been known and com¬ there were no other classes conspicuous for activity.
In the
monly spoken of all the year, but not till the middle of Octo¬ early part of the wreek the market was unsettled and irregular,
ber, when there wras a heavy short interest in the market, has and some of the more speculative bonds made lowrer prices.
the danger of excessive construction been found out.
One The tone’ improved gradually, however, and prices became
leading fact is indisputable in regard to the present era of generally firm to strong, though the strength -was not specially
railroad building, namely, that the construction has been conspicuous nor the advance of importance. The prices of
mostly done by old and powerful dividend-paying companies, bonds are still largely influenced by the fluctuations in the
and although they may lose some money in carrying the new stock market, though the business in bonds is relatively less
lines for a few years, and even he compelled to reduce divi¬ active than in stocks.
The changes for the week are, as a rule,
dends, still the possibility of such insolvencies and foreclo¬ not important, though mostly in the direction of higher prices.
as we have had in times past is, on these lines, outside
Railroad and Miscellaneous Stocks.—The stock market has
the range of all probability.
exhibited a much better tone during the past week, and the
The open market rates for call loans during tlie week on
tendency the past few days has been strong and ad¬
stock and bond collaterals have ranged from
to 5 percent, general
vancing. notwithstanding that considerable weakness was
the usual rates to stockbrokers being 3@4 per cent.
To-day
at times, especially in the early part of the -week,
the rates were
Prime commercial paper is apparent
per cent.
when many of the leading shares recorded lower prices than
quoted at 6©6$ percent.
made last week, and the lowest for the year.
Since then,
The Bank of England weekly statement on Thursday showed however, with only temporary reactions, prices have been on
gain in specie of £48,900, and the percentage of reserve to the upward track, and on Thursday especially the advance was
liabilities was 43*87, against 41*59 last week; the discount
and decisive. Several influences have contributed to
The Bank of France sharp
rate remains unchanged at 4 per cent.
this changed feeling: in the first place, during the recent ex¬
lost 7,550,000 francs in gold.
treme
depression, the market was largely over-sold and
The New York Clearing House banks in their statement of
many of the bears have been covering their shorts in a lively
Oct. 15 showed a decrease.in surplus reserve of $852,550,
fashion.
The high rates at which many of the leading stocks
the total surphtS'keing $7,200,200, against $8,112,750 the pre¬
lending caused the first feeling of uneasiness and indicated
vious week.
the over-sold condition of the market.
Then again favorable
The following table shows the changes from the previous
reports were circulated from various sources, including an
week and a comparison with the two preceding years in the increase in St. Paul’s earnings—the first increase reported for
averages of the New York Clearing House banks:
time. Some of the leading stocks were also quite strong
1885.
1886.
under special influences, like Western Union and Manhattan, the
1887.
Diffr'nc's fr'm
17.
16.
Week.
15.
latter having advanced sharply on bull manipulation.
The
$
strength of Western Union comesas a direct result of the absorp¬
$
$
.3,654,000 343.811,300 335,473,000 tion of the B. & O. lines, on wdiich the gross earnings have been
Loans and disc’ts. 351,842.700
415,000 75,279,400 10.Vi30.300
74.559.500
considerable, and the expenses will now be greatly reduced.
9 956,000
8,218.500
Specie
12.300
201.700
Circulation
387,796,400 Money continues extremely easy, the highest rate reported
350,855.800
.4,881.000
355,255,200
deposits
7,053,500 27.872.3U0
782,700
21.514.500
being 5 percent; sterling exchange has been weak and lower
Legal tenders....
96,949.100
87,713,950
Inc.1.220.250
and the gold receipts continue ; all of which have contributed
88.813,800
Legal reserve....
307,700 92,332,900 133,502.600
9G,074,Ooo
to the better feeling.
It must, however, be admitted that
Reserve lield
36,553,500 many of these conditions have existed before without bringing
852,550]
4.61S.950
7,260,200
Surplus
any response in the stock market, and the improvement of this
Exchange.—The sterling exchange market wms firm in the week must therefore be attributed largely to the purchases to cover
early part of the week, owing to the same influences which by the bears and also to more confidence on the part of the bulls.
Besides those mentioned above, there have been several
strengthened rates last week, though the demand somewhat
fell off.
The posted rate for long sterling wms advanced ^c. other stocks prominent for special movements.
The sharp
Monday. The market has since become weaker, however, advance of Missouri Pacific, Western Union, Union Pacific and
the influences having been reversed.
The demand from arbi¬ Manhattan gave rise to a report that Mr. Gould was buying.
trage houses has fallen off, because London has been buying The Northern Pacifies, especially the preferred, suffered a
stocks, and the pressure from commercial bills has been sharp decline early in the week on bearish rumors, but they
renewed, owing to an increased supply. Under these influ¬ have since recovered considerably in sympathy with the rest
actual rates have been quite weak and posted rates were of the market.
Reading has been one of the most active
reduced -Jc. < n the pound, to 4 82 and 4 86.
The arrivals .of stocks
the list and fluctuated within moderate limits on
gold have aggregated $1,980,000 since last Friday, all of which very large transactions.
probably ordered before last -week’s advance in rates.

The Money Market and
time of writing our report

or

was

'

15.

Oct.
17.

18.

*108
L08

*108

*

*108

*126
*126

*121

*123

*

This

sures

were

a

were

some

Oct.

Oet.

Prev.

Oct.

$

8

Net

Tnc
Dec.
Inc.
Inc
Inc.

2

Inc.

Dec.

on

our

ences

on

was




Oct.

Oct.
2J.

*121

*121

CHRONICLE.

THE

532

iVoi, XLV

STOCKS-PRICES AT N. T. STOCK EXCHANGE FOR WEEK ENDING OCT. 31, AND SINCE JAN. 1, 1887.
Sales
of the

HIGHEST AND LOWEST PRICES.
Saturday.
Oct. 15.

Active RK. Stocks.
Atlantic & Pacific
Canadian Pacific
Canada Southern
Central of New Jersey
Central Pacific

73
30

704
30

*44
*04

1st

pref.
Do
2d pref.
Chicago Burlington & Quincy.
Chicago Milwaukee & St.Paul.
Do
pref.
Chicago & Northwestern
Do
pref.
Chicago Rock Island * Pacific.
Chicago St. Louis & Pittsh it rg.
Do
pref
Chicago St. Paul Min. & Om.
Do
pref.
ClevelandCol.Cin.it Indianap. !
Columbus Hocking Val.it Tol

*5
120
70
112
105
137%
1003,

.....

Tuesday,

Wednesday,

Thursday,

Oct. 17.

Oct. 18.

Oct. 19.

Oct, 20.

10

94
514
504
084

514
524

51

Chesapeake & Ohio
I)o

10

‘Ok*
511^

Monday,

514

04

1234
094

112

110

1074

1044
13734

1374

10

978

524
524 1
724
294

514 !
524
514
714 1
714 72
714
31
304 *30
294
5
5
5
04
*44
12
*94 104
*94 3 1
8
7
7
*54
|1 *5
1254 125
1274 128
1284
714 i
714 ■724 !
707g 724
111
111
112
I 110
1114 !
100
1047s 1004 ! 100
1074
1384 1384 1394 13934 1394 r
111
11338 ' 1134 115 i
'1 111
14
14
*13
144
144
i
30
30 I
37
37
364

*94
*54

1274
714

*94
*52

524

*30
5

11
8

10
53

*94
*514

-

I 109lo
*1 ‘2
I
*37
39
30
30
30
37
30
34
35
304
374 i
102
10034 102
I 1034 1034
1014 102 4 100
'
50
51
494
474 484
494 494
48
21 4
1 214 OO i 224 224 !
214
214 22
123^8 1244 123 4 1214 1234 12434 1244 1254
Delaware Lackawanna it Wes
21
Denver it Rio G.,assessm’t pd
224 224
224 224
214
214 2 1 4 1
54
1
53
Do
534 53 4
514 00 !
5134 554
pref.
9 34
10
East Tennessee Va. & Ga. U’y. i
94
94
94
94
94
04
55
u;>
55
55
55
1st pref !
55
50
Do
j
50
Do
‘2d pref
18
184
184
194 194
1934 20
*83
83
S3
85
Evansville it Terre Haute...
Fort Worth it Denver City... ; *404 4734
404 47
*404 47
*8
9G
Green Bay Wiuona
*8
9
84
84
8%
84
St. Paul. |
*1424
*14
24
Do
pref.
! i i r> 115
110
1154 1154 114
1154 1154
12 4
Ind. Bloom. <t West., ass. pd..l
12
13
13
1*24 124
*29
31
284 294 *29
*204 30
Kingston * Pembroke
14
14
14 34
Lake Erie & Western...
144
134 144
14% 15
Do
do
30=4 41
414 42
404 414
404 414
pref. i
Lake Shore it Mich. Southern.
91
924:
91 a4 924
804 904
894 914
87
87
87
90
Long Island
87-4 874
Louisville & Nashville
50
553a f 64
544 504
574
504 574
30
30
Louis. New Alb. it Chicago... *35
40
100
Manhattan Elevared, consol.. *004 97
98
994 1004
904 97
40
45
40
45
Memphis & Charleston
81 34 82
83
834 *834 85
824 824
Michigan Central
80
82
82
Mil. Lake Shore & West...
784 80
814 814
804
102
103
Do
101
103
102
*1014 104
pref. 102
*9
934
04
04
94
*94 10
Minneapolis & St. Louis..
Do
104 194
1934 20
19% 20
194 204
pref.
Missouri Kansas & Texas.
20
214 214
204
104 204
204 21
Missouri Pacific
88
80 34 89
88
00
804 884
994
Mobile <fe Ohio
*0
10
10
10
*94 12
9%
94
72
00
71 '
*08
*71
73
714 72
Naehv.ChattanoogaitSt.Louis
New York Central it Hudson
1024 1034 1024 1044 1044 100
1054 1054
14 34
New Y. Chic.<t St. L., assent’d
1434 15
*144 15 4
144 144
154
Do
‘27
28
274 274 *204 274 *274
pref., assented.
New York Lake Erie <& West’n
20
254 20
204
24% 254
254 204
Do
014 014
034 0334
014 024
594 01
pref.
New York & New England...
30
344 304
304 384
36%
354 304
New York Ontario it West....
15U 154 *15
*154
154 15 4
112

1

!

'

184

!

9

pref.

20

Do

Norfolk & Western
Do

134
4
*204
434
214
34

pref.

Northern Pacific....
Do
Ohio & Mississippi

pref.

Oregon &Trans-Contiuental.

10
19

Peoria Decatur it Evansville

Philadelphia it Reading

594
214

84
25

20

13
35

14
30

214
444
214

204

21

43
21

44
224

1

104

104

*84
204
134
304
204
414
224
104

10
02

10

19

19

584

0078

204

224
49 7d

9
27

134
30

Richm’d it WestP’ntTerminal
224
Do
50
50
pro!
Romo Watertown A Ogdensb'g
8t. Louis it San Francisco....
324 324
Do
07
084
prut
Do
1 13
1st pro! *107
5s 4
8t. Paul it Duluth
58 4

Do
pref
8t. Paul Minneap. A Manitoba
Texas <t Pacific, ass. paid..

loo
x97

Union Pacific
Wab. St. L. it P.,P. Com. repts.
Do
pref.

JtttftcellaiieouM Stock*.
Colorado Coal «t Iron
Consolidated Gas Co
Delaware it Hudson Canal...
Oregon Improvement Co

07

21 to

224

454,

44

14
40

10
28 4
40

4 54
15

314

334

984
354
K 21.»

Pacific Mail.

100

71

084
354
834

35
*9 1 4 00
1404 147

334

Philadelphia Co., Nat. Gas
Pullman Palace <

ar

Co

Western Union Telegraph..
Express* Stock*.

734

754

144
274
*38
-

904

914

40

40

14
41

674
58
102

954
224
44 4

*i 10
142
00
Cincin. Ind. St. Louis it Chic.
00
Cincinnati Wash, it Baltimore.
*34
44
Do
5 4
5 4
pref.
Manhattan Beach Company.. *10
114
*
Mexican Central
114 124
[ *114
Morns & Essex
1 35
135
New York Lack, a Western..! 1«>0
IOO
Ohio Southern
Pitts. Fort Wayne. A Chic
i

.

23
4(>

These




arc

the

9s4

97

234
404

22-4
454

10
29 to

10

9>4

145
140
!
75 4 70 4

1444 1444
744 754

70

*3

4

54

i

54

10

107

127

12S

944

12

074

107

*45
*8
*130
! *05

*45

944

3%

34
534
13

99 4
.11
148
*4

104
1484 1484

*4 34

*234
324

5-G
27

50
-

234

*20
*40

274
24 4

48 >4

10%
304
40 4

354

*95

90

140

1494

754

324
724

334
724

99
*38
89

354
1

77%;
14G
108

_

r

*32
13
*20
*40

30
50

274
244

A

49,430

9

140

10

114

114'

7,581
1,800
1,500
1,800

!

12

12

35

*32

35

30
50

*20

30

'43%
254
244

434
2734
244

I34!

24

25

27

264

274

7038

714

72

744

20
73

274

753s

20
72 4

45
80

Oct.

Sept. 20

Oct.

L140, 98

Jan.
8 4 Oct.

4,015
13,0251

184 Oct.
194 Oct.
73,890 864 Oct,
225! 9% Oct,
2,960 684 Oct.
19,928 1014 Oct.
4,032! 14
Sept.
3,200 26 4 Sept,
80,110 244 Oct.
1,51 Oi 59
Oct.
02,840 344 Oct,
450; 14% Oct.
4251
74 Sept.
2,500, 244 Sept.

75

35%
094

1,000

4,450
93*

-

18,94uj

244
494

70,280!

10 4

3,970

2,7e0

j

4,095

334
724
994
40

894
304

3,390
3.597
2 450
7,230

j

10,250

200
1

0

1,200,

12

14

149

*32
14
*20
*40

54
.

154

20

20

|

ioo
800,

30
50

284

7
7

17
22
22
17
7

11
11
1

14
4
3
13
3
9

624 May, 7
17
Apr. 7

1
0
4

14
14
17
17

15
14
14

20
21
14

474 Apr. 21
244 May 10
61
Apr. 29
984 June 3U
994 Mav 14
70% Apr. 14
674 June 11
161% Apr. 20
644 Apr. 5
954 May 19
944 May 18
119
May 18
204 Apr. 2
484 May 31
34% Apr.
9
112
May 19
8
194 Jan.
884 Jan.
3
114% May 19
204 May 16
374 May 18
35% Apr. 12

13
17

76
66

13

204 Jan.

20

B4h. 14
384 Feb. 14
23% Jan.
3

21
17

15
12
18
17
13

21
1

21

May 23
Mar. 2!)

3

14

55%
34%
634
324
35%
394
65
53

May 10

July 18
May 19
Apr. 4
Apr. 7
May 25
Sept. 6
Jan. 17

874 Jan. 17
18 95
Jail. 17
27 4434 May 26
2 844 May 26
13,120
June 2
14 95
J uno 20
2 1144 Mav 23
17 120% May 27
3 354 May 23
17 634 Mav 18
22% May
1
6
1 38% May 18

20

03% Apr. 18

30
07

Scnt.fO

53% May 19

89
May 19
2It 105% Apr. 18
26; 544 May 31

Sept. 20

904 Sept,
34
Aug.
794 Oct.
32% Sept.
8!)4 Sept.
1394 Jan.
074 June

13 1054

May 19

21 58% Apr. 7
20 115
Feb. 8
4 159% May 23
24j 79% Sept. 9

Jan.

4 152
Aug. 5
Sept. 20 1184 May 14
Feb. 17! 70
Aug. 31

Juue

6

90% Oct. 17 118% June
334 Jan. 19, 744 Apr.
Jan.
84 Oct.
7 19

6

4

Sept. 20 137

Oct. 12 155
Aug. 31 104
7
Sept. 19

4 Sept. 19

6
7

May 16
Feb. 19
Jan. 13

10% Jan. 14

Oct. 17
000 10
18% May 12
10 114 Oct. 20; 22
Apr.
9
320 1274 Mar. 9 1414 Feb. 11
165: 99% Oct. 19 10!)
Mav 28
005
10% Oct, 17! 22
May 17
255, 145- Jan. 10 155% .Line 17

27
35

274

17
18
17

Sept, 21

30 139
290 60
150
3

70
4

Anr.

8
13
20

35

165 1394
70 100
20
62
105 120

49
10

*12

*5

Feb.
Oct.

43

149

*234

20
14

134 Feb.
2,800, 234 Feb.

*1324 HO
54

Oct.
Oct.

30%'

1,720

*10

4 Feb.

88!) 99
Aug.
4,515* 944 Oct.

1
100;
2,045
1484 14!) 4’
704 78
117,111

70
4

Oct.
Jan.

2,392' 55

......

*45
*8

30
01
107

19

Aug.

004 Jan.

1,300

99 4J
11

Sept. 20

544 Oct. 13
304 Sept. 20
93 4 Aug. 31

000

100

2,505;
*

284
704

14

750

944

4
0
10

54

204
24

17

89
85

*

4 14841 1484 1484
*4 4
54
54
*224 25 41 *234 20

324

*20
*10

234

_

‘

394 Oct.

90
58 34
43

|

'

6

234

4!

8,200

90,807

48
85
83
103 4
10

17

13

934

*1034 105
994 102
j

344

*3

(

137

104

45

84 Oct.

:

13

May 1!)
Apr 13
Apr 12

Aug. 24
28
Mav 31
Oct. 18 138
May 23
Sent. 20
274 Apr.
1

3,200

84

084

984
234

85

*8
140

534
*12 02

154

12
73

12

300

112
112
00 34
024

112
00
104

64%
86%
43%
94

Sent. 20 100

10014 1064
154 10
29
304
27% 28
03
034
38% 404
*154 104
94
94
274 284
800 13
Oct.
144 144
384 394
7,7771 344 Oct,
214 224
7,278; 20 Oct.
44 % 40% 00,980
41% Oct.
Oct.
234 2434
6,000' 21
Oct.
1*4 194 53.642 10
204 20 34
4,385; 174 Sept,
014 02
Fen.
559,700' 34
234 24 4 97,805! 20% °epD
53 4 544
4,3481 43
Sept.
34 34

334
08 4

994
38 4
89 to

944

49
10
140
71

10
14

*

17
22 114

l,47u

*140
150
1074 1074
*09
73
*09
73
130
1284 1284 130

'

*114

54
82

t

......

21%
224
924

SO

214 Feb. ,4
7 4 Sept. 21

230

j

140
108

70

128

014
214

314
714
984
374

954

*95

194

41*8

97

3334

2238
404

41

344

83

14
38 4

414J

37
84
34 4

35
83

*10
73

294

4

......

224
905s

73

49
10
30

994
37
1
85 34
35

20

234

00
103

977s

5

50

•15 4
15 4
*29
40

004

7 1

*23

*20

9*4
224

974

234

-

111

32 41

924
454

14

334
334
09 4 x07
110

1 10
00

9%
24

200

1034 10434

1053s 1004
154 154
27% 284
204 273s
024 024
374 394
*154
9
*84
204 27

53

71

904
454

91

*

314

744

874

5 2 34

71
98
35

140

224

514

32

73

21

23
53

110

*8 34

48
85
82
83
83
*102
103
104
10
94 10
21
194 204

234

334
Os 4

1,400

574

68% .Tan

July 30

.

80

*38

1014 1047g
454 454
84
8 4 >4

004

70
98

i’40

583s

15% June 13

554 Jan.
3
284 Oct. 14
442
5
5
Sept. 29
Jan.
11
100
9
Sept. 10 1 17
Jan.
7
50|
54 Oct, 11 114 Jan.
130
9 378 1234 Oct. 17 !l50
May
74 .227,803 19% Oct. 17 95
May
1124
4,497 110 Oct. 17 127% May
108 34 110,092 104t4 Oct. 17 127% June
141
890 1374 0ft, 17 153% June
1144
5,309,1094 Oct. 17 140% May
15
420
124 Sept, 21 22
Apr.
374
2,987 35
Jan. 27
524 Apr.
384 20,030 34
Oct. 17
514 May
105
1,880 100
Oft. 17 1184 June
3,305 474 Oct. 17 6.8
514
Apr.
3,799
15
243g
Sept. 19 394 Jan.
1204 9.),355 1234 Oct. 14 1394 June
23
1,738 204 Oct. 14 324 Apr.
50
3,232 52% Oct. 14 08% June
104
2,035
17
.Tan.
9% Oct. 15Sk»
995
52
Sept. 21 824 Jan.
204
2,525 18- Oct. 17 32
Jan.
484

-154
43%

Highest.

94 Oct. 14
.sept. 20

49to
49

18,070
1,815

324

*474

93
90

3!) 4

*10
73

74

*82

......

394

014

34
08
110
00
102

584
204

Lowest.

750
10%
52% |
1,800
534 j 21,020

1104 1104
144 144

503g

00
2 2 to

*52

104

*14

20 >4

32

4
344

90

194
594

70
98
35
82

90

184

324

814
324

93

204
014
54
94

554

154
42 34

914

107b

604
074
35

4

20

•>

125%
224

......

17
20

Chicago it Alt on

“\

474

23

24 4

24

9
24
117
134 14

9

31

*8

004

474

224
174

68

Pipe Line Certificates

204

424

414

128

Varion* Stocks, Ac. (Uni isted.)
Atner. Cot to * * Oil Trust
27

20

23

224

374

•

434

204
434

404

131

234

58

374
204

154

*125

|

104

58

144
374
214

29

Wells, Fargo <fcOn

*•

10

*134
374
204
42 4
22 4

29

1444 140

*

374

1034 *1034
514
514

*204

284

150
109

Do
pref..
Bt. Louis Alt. it Terre Haute.
St. Louis Ark. A Texas
Toledo & Ohio Central
Do
pref.
Columbus it Hocking Coal.

30
103
50

134

40

*140
*ioo

Quicksilver Mining Co

1284
714 73% ! 734
1114 112 ! 112
1054 1084 l 10758
110
140
:*i4o
114
1144 1144
14
144
144
30
30 34
304

204
37

5
*8
7
129

94

270>

15

Adams
American
United States
Inactive Stock*.
Atclfison Topeka it Santa Fe.
Buffalo Roch. A; Pittsburg
Cedar Falls *t Minnesota

~

9

94

84

334 334
0s4 09
10! >4
107
55
58
1004 1014
9434 954

234

*70

Oregon Railway A Nav. Co...

474

214
444
274

Wheeling it Lake Erie

.

37s

734
314

324

9
*14
117

.

YorkSusq. <fc Western...

Shares

535s

128

’

...

New

Oct. 21.

104

244
1244 1204
22to 224
554 554

'

Week,

52%
524

734

314
*44
94
*54

Range sinoe Jan. 1, 1887.

Friday,

10

23

!

|

*52
52
71

!

STOCKS.

44 Oct, 12i
23
30
10
20
40
22

Oct.
Jan.

8

Sept-19
Oct
Ocr.
Oct.

11!

204

274

734

724

r7-i^}\lJ,2J2X>0

24,979

10;

23% Oct. 11
54

May 14
6

454 June
25
35

Feb. 12
Feb.
8

11; 584 Jan.' 15

1,000, 214 Sept. 19

274

84 Jan. 10

13i 35

5o
Apr. 27
54% Jan. 14

644 Jan.

3

July 25] 75% Oct, 19

prices bid and asked; no sale was made at the Board.

Q

OTOBEB

22, 1887.]

OP ACTIVE BONDS AT

BONDS-LATEST PRICES

Range since Jan.

Closing.

Railroad Bonds.

N. Y. STOCK EXCHANGE, AND RANGE
SINCERange
JAN.since1, Jan.
1887.1.
Closing.
1.

Railroad Bonds.

3838 June
23*2 Oct.
90
Jan.
80% Sept.
81%
Atl. A Pac.—W. D. ino.,
82
June
Guar., 4s, 1937
104
Sept. 109
1014
1044
95*2 Jan.
87*2 Sept.
CaD. South.—1st guar.,
s(0 b.
94
May
2d, 58,1913
-• 82 b. 87 a. 80
Aug.
Jan.
Cten. Iowa—1st, 7a, ’99, coup, on 105 %b. 105%b. 104*2 Aug 110
119
June
Central of N. J.—1st, 7b,
109 %b. 109 b. 107*2 Jan.
Consol. 7s, 1899, assent
Jan. 118% June
Ill
b. 110 b. 109
June
Convert. 7s, 1902, assent
|........ 105*4 Jan. 108*2
105
June
Adjust. 7s, 1903
106 a. 105 b. 8378 Jan.
Convert, deb. 6b, 1908.
97 b. 95
Sept. jlOO
June
97%
Interim bond certificate
109 b. 109
Sept. ,116
Feb.
109
Le’b <fc
Jan. j 106*2 May
103 b. 99
100
Am. Hock A Imp., 5s, 1921. ..
115%b. 113*2 Feb. 1118% Mar.
116
June
111 *2 Feb.
Central Pacific—gold 6s,

P.TenVAG

6s, 1910
5s, 1908

1890..

W.B.,cou.78,1909,as’nt

1898..

Joaquin Br. 6b, 1900
Land grant 68. 1800

Ban

oil

6s, gold, ser. B, 1908, coup,
Exten. coup., 4s, 1986
6b, currency, 1918..

b.
b.
b.

99
Ill
67

July 1105
Sept. 115
S pt. j' 81
75*4
62*2 Oct.
15*2 Sept. ; 32

100
110
6(5

i).

hi
66

Jfer.

June

Jan.

Jan.

624
Jan.
100
Feb.
174'>.
90% Oct.
Mort. 6s, 1911
904b. 102 b. 101 Feb. 108*2 June
107*2 Mar.
Oct.
Ches. O. A So. W.—5-Gb, 1911
1014b, 101
Cidc.Bur. A Nor.- 1st, 5a, 1926.1101
104
a, 103
Sept. ! 108 *2 A pr.
Jan.
Chic. Burl. & Q.—Deb. 5s, 1913. ,1044
92
Oct, ! 99
9314 a. 95
Denver I>i\is.,4B, 1922...
94
94
Sept. ,103*2 June
95 b.
Chic. & Ind. Coal R., 1st, os, ’36; 16 b. 116*2 5. 117
Oct. ; 122*2 Jan.
130% June
Ou.Mil.A St.P—1st, I.A M.78, ’97; 1
Oct.
125
b. 125
Consol. 7s, 1905
.125 b. 112*2 1114 Oct. 119*2 June
Jan.
1st, So. Min. Div.—Cs, 1910—1111%
102*2 Oct. 109
102*2
1st, Cld. A Pac.W.Div—5s, ’21; 102%
May
101
b. 100
Oct. 108
Wis. A Min. Div.—5b, 1921 — ;10u%b.
105% May
101
Oet.
Terminal 5s, 1914
i 10 2
Jan.
136*29. 137*8 Oct. ! 142
Clio. A N. W.—Consol. 78,1915 138
Iz84a. 127
Sept, 133 Jan.
Gold, 7b, 1902
128
117
May ‘120*2 Sept.
Sinking fund 6s, 1929
110*2 Mar.
106% Oct.
107 b. 107 b. 107 Oct. 1104 Mar.
Sinking fund 5s, 1929
Sinking fund debent. 5s, 1933
103
July 1094 Apr.
Jan.
25-year debent. 5fl, 1909
1034b. 1*3*1*
128% Sept. 135
Chi. R. I. & Pac.—6s, coup. 1917. 131 b. I07*4b. 107
July 110*2 Feb.
Exten. A col. 5s, 1934
107% 118
116
Sept. 1247s May
Ch.St.P..M.A O.—Consol. 68.’30 119
123 b. 122
Oot. 127*2 Jan.

Gen. gold, 6a, 1904
Denver A Rio Gr.—1st,
lBt con. 4», 1936

Det.Mac.AM.—Ld.gr.34s,1911
Ry.—Con.,5a, ’56

Sandy—6a, 1902.
consol, gold, 78, 1920

Hi*. Lex. A B.

Long Dock, 7s,
Con.

68,1935

95 b.

684
69

69*2
63*2
119%b. 118*2
76
75*2
70 b. 70

7s, 1900 12 L b.

Den. A R.Gr. W.—let, 6b, 1911.
Assented
Den. 80. Pk. A Pac.—1st, 7s, ’05

trie- 1st.

954b. 98% Jan. 102
104%b. 104*2 Oct. 111*2
b. 95% Aug. 104%
97
88%
68 a.
60
Sept.

1893

N.Y.L.E.AW—2d con. 6b, 1969
Funded coupon, 5s, 1969. ..
Ft. W. A Denv.C.-1st, 6b, 1921
G&l.Har.A San. Ant.—let,
2d M., 7b, 1905

784
73 b. 64%
67 %
71 b. *30 b.
32
96*2
97 b. 97*2
973a
130
1*1*2* "b*.
115 a
99

82

105

p.

Henderson Br.Co.—1st. 6s,
H. A Tex. C —1st M. L. 7s

1931 >107 1

Gen. mort. 6s, 1921
Ind.Bl. AW.-l8t,pref.,7e,

',114 1

‘Ill

108
b. 113
i 94

112 I ! 114
114 1 'loo
104 ; | 56
!

'no

1900 110 1

SO

Division—6s, 1921..

Gt.Nor.—1st, 6s,gold,’19
Coupon, 6s, 1909
j 83
Kent. Centr.—Gold 4s, 1987
I 73
Knoxv. AO.—1st, Oh. gold, 1925; 94
Int. A

a.

b.
a.

LakeSh.—Con.eoup.,lst,7s,1900 124 b.
Con. coup., 2d, 7s, 1903
1122*2
Long Island—1st, 7s, 1898 .
1224b.
1st, consol., 5b, 1931
j 111 b.
Lou. A Nash.—C onsol., 7b, 18981118 b.
2d, 6s, 1930

E. 11. A N.—1st, 6s,

6b, 1930.109

1 95 b.
|ll5

1919

110
1054b.

General, 6s, 1930
Trust Bonds, 6s, 1922

10-4<>,0h, 1924

Lou. N. A. A C’b.-lst. 6e, 1910.
Consol., gold, 6s, 1916
Mein. A Cb’lston—6s, gold, 1924
Metro. Elevated.—1st,6s, 1908.

2d, 6b. 1899

Mexican Cent.—New ass. 4s
Incomes. 3s, 1911
Mich. Central—1st, con., 7a, ’02
Miss’li Pac.—1st, cons., 6s,1920

8d,7s. 1906
Pac. of Mo.—1st, 6s,
2d mort., 7s. 1891

1888....

Note—The letter “ b”

102 a.
115*2

109

67 b.
18 b.
l27%b

Georgia—7s, gold
Louisiana—7b, cons
vomican—7p




May
75% May
! 55 Oct.
b. 119 *2 Jan. 124 4 Feb.
May
j 86 Aug. 99
89*2 June
70
Sept.
9S*2 May
b. ; 88
Sept.
347e Apr.
b.
19*2 Oct.
Mar.
a. 112
Aug. ! 122
j 84
Oct. ! 98 Feb.
a.

Rio Grande

127%
113

a.

27% June
19*2 Sept.
Apr.
116*2 Aug. i 131
119
Apr.
112
Oct.
Apr.
119
Sept. 126
Jan.
100*4 Aug. 105
105*2 July 110*2 June

“ a” price ashed-,

1054 106
105
100

1024
104

1890
1914

102

189(>

109

89%

ail oilier

STATE

Missouri—6s
Asylum or

Consolidated 4s
6b

Div.—(>s, 1930

1

110

112
109

...

and me range are liom

Apr.

115

May

;1174 Apr.

! 1014 June
1044fJan.
118
121

Apr.
Mar.

1204 May
1014 May

May

Sept.

109
55

Oet.

1074 Jau.
Jan.

284 Jan.

Sept.
Oei.

May

80

May

,115

July

112
110

Apr.
June
Jan.
Sept. ! 664 Feb.
| 78 4 May

Feb.

72

Apr.

; 100

May

112

Feb.

;

j1

1094 June
99% Jan.

97%June

;

119% Mar.

'1034 May

liO
Se.pt. 1120
b. 1 (hi *2 Sept. 115
108*2 SCpt. ! 115

1

114

Jail.

101

96% a. j
78

I

a.j
a.

Sept.

........

99
105

a.

Jan.
Oet.
Mar.

b.

98%

97

Feb.

May
Mar.

1174 Apr.
S109
Apr.
1074 Jau.

I

99%

b.

98%

Jan.

1117

b. 1104 Jan.
106
Jan.
1144
O01.
98 a.

b.

Jan.

99

b.
b.,

1134b. 114
97

June

1154 Jan.

'

b. 90
b. 114

80

1907
7s, 1888

Apr.
June

1144 Mr-

1024

no
a. 108

Apr.

55*4 Jan.

'

a.

Mar.

115

.......

94

Apr.

Jan.
48
June
102% Apr

91

994

2d, 7s. 1893
St.L.K.C. A N.—R.eA r.,7s,’95.
West Shore—Guar., 48
prices

32
95
65
13

a.

June

75
July
Aug. 116
Sept. 112%
May 108

91

13

Apr

1124 May
104% Mar.
1084 Apr.

Oet.
Oct.

108%
b.
1114b. 111 4b.i 110
105%
108
b.
43
47
1). 444
60
64*4

Wabash—Mortgage, 7b, 1909.. 82
114
Tol. A Wab.—1st, ext.. 7s, ’90
1st, St. L. Div.. 78,1889
97
2d, extended, 7s, 1893
Con., couv., 7s,
Great West.—1st,

107
105
b. 33

3 4

b
1896
.
116
Denver Div.—68,1899
1014
1st consol, 6b, 1919
97
Oregon Hh. Line - 1st, 6b, ’22..
Virginia Mid.—Inc.. 6s. 1927,... 75
Gen’i mort., 5h, 1936
54 b.
Wab. St.L. A Pac. - Gen., 6s, ’20

1st, 6s,

99

Jau.

90
Apr.
60 4 May
104 4 May

| 97

May

116
108

May
May
May

1174 May

I

99

1174 May
107
May
1144 July

Sept, ,104% June

actual sales.

BONDS.
Bid.

Rhode Island— 6s, cou.. 1893-1894
South Carolina—6b, non-fund.3 888

1910
1919

consolidated 6b
1893
Tennessee—6s, old
3892-1898
Brown

no
112
114
35

Com promise, 3-4-5-Gs
New settlement—6s
5s
3s...;

84
104
95

Bid,

SECURITIES.

Ask.

due 1889 or 1890 1*09*

Chatham RR
Special tax, Class

.

1893
Pacific—1st, 6s, 1895—

University, due 1892
Funding
1894-1895
i'024
New York—6b, loan
1892
1893
6b, loan
North Carolina—6s, old
J&J
1900
Funding act
New bonds, J. A J.:.. 1892-1898
90
312

1905-12..
1909-10.

Divison—5», 1910

b. 113

964

Sinking fund, 8b,

SECURITIES.

Bid. j Ask.

25
98%

Tol. A Ohio Cent.—1st, 5s, 1935 92
Tol.St LA. Kan. C.— 1st,6s, 1916 93%
116
Union Pacific —1st, 6s, 1899 — 1104
116 b. 101
Land grant, 7b, 1887-9

Chicago

77
115
114
120
117

Oct.
954 Sept.
35
41
Sept.
Sept.
1074b. 107
May
no
109

36

Gen.

Kan.

104*2 Apr.

115*2 June
112
Feb.

Oct,
91
109
Sept.
il2%b. 112 Sept.
Sept.
112%b. 112
113
113 b. 113 b. 1084 Feb.
114%
111*8
1100%b. 99 b. 97*2 Sept.
:100%b.
July
1014b. 100
1014
H0*« Jan.
115 b. 115 b. 112*2 Oet,
114*2 Sept.
1164
Feb.
984a. 97 *8 b. 98
96
Jan.

7s. ’15

j

64

65
113

b.

1931

92

93%

57
mort. A term., 6s, 1505..
91
Tol. A.A. A N. M.—1st, 6s, 1924
Tol.A.A. A Gr.Tr.—1st, 6s, 1921 100
Tol. Peor. A West—1st, 7s, T7 . ] 00

Inc., 6s.

98

100

b.
b.

So. Pac., Cal.—1st, 6s,
So. Pac., Ari.—1st, 6s,
So. Pac., N. M.—1st, 6s, 1911.
Tex. A Pac.—Inc. A Id gr,

50*2 May
102% May
112
May
106
Jan.

Feb.
iVj'iV. 108 Jan.
lt'8%b. 1084 June

50
12
110

*2* *

indicates price Ind. and

RR

112

a.

1014b. i*o*i **

Alabama—Class A 3 to 5
1906
Class F5, 5a
1906
Class C, 4s,
1906
6s, 10-20
1900
Ark ain as—6b, funded. .1899-1900
7a, Little Rock A Fort Smith, isa.
7h, Me mphix A Little Roek, isa..

Feb.
Feb.

!

Do
reduced to 4*28
Shenandoah Val.- 1st, 7s, 1909
Geu’l mort., 6s, 1921
So. Carolina—1st, 6s, 1620
2d, 6s, 1931

Feb.
119% May
119*2 May
119% May

110

Mar.

„

114

2d, 6fl, 1909
1st conH., 6b, 1933

Jan.
78 July
90
Jan.
Sept. 1100
b. 124
Aug 129 June
120*2 May
b. 122
Oct.
Sept.
b. 120% May 125
Feb.
Il2%a. 112 4 July 115
b. 118
118
Apr. i 121*2 Feb.
Jan. 1134 Juno
109*23. 105
97
! 907s Jan. I 99*2 May
114 b. 112
July 117% May
Jan. ; 114*2 May
109 b. 107
May
104*2 Jan. i 109
105 7s
Apr.
98
Jan. 103
115*2 May
Jan.
109
June
90
91
Sept. I 99
May
Aug. 107
ICO
113
1*1*4
Sept. 126*2 May
108 *2b. 106
Sept. 113 Apr.
75% June
Feb.
51

113

I

Ma>

125% Juno
10(5% June

Sept.

„

1921...

6s, Class C, 1906
Gen’i mort., 6s, 1931
Gen’l mort., 5b, 1931
So. Pao., Mo.—1st, Os, 1888...
St. Paul M. A M.—1st, 7b, 1909.

Jan.

109*2“

Ill

SECURITIES.

7e, Ai Kansas Ctntial

a.

21
115
84
74
92
124
122
121

;112

„

1134“
Consol., 6s, 1922
Rome W. A Ogd.—1st, 7s, 1891.
99 b.
Consol., extend., 5s, 1922
98
St- Jo. AGd.Isl.—1st, 6s, 1925 .
b.
45
2d, income, 5s, 1925.
St. L. Alt. A T.H — 1st, 7s, 1894. 113 b.
109 a.
2d, M., pref., 7s, 1894
2d., M., me., 7s, 1894
37
Dividend bds, 6s, 1894.
St. L. Ark. A Tex.—1st, 6s, 1936 994
42%
2d, 6s, 1936
St. L. A Ir. Mt.—1st, 7s, 1892... 1074b.
2d mort., 7s. 1897
87 b.
Gen. Ry. A land gr., 5s, 1931.
St. L. A &an Fr.- 6s., Cl. A ,1906 113 b
113 b.
6s, Claes B, 1906

109*2 Mar.

Aug.

Oct.
106*2 Mar.

Debenture, 6s, 1927
Roch. A Pitts.—1st, 6s,

10478May
954 May
98*2 May

118
98

1074

........

_

Jan.
June
Mar.
Mar.

I 53

1144

Apr.

96*8 May
Oet,
Aug. 115*2 May
Sept. i 86*8 May
8, pt. 118*2 Apr.
Oet. 107*2 Mar.
Jan. Jill
May
July 1107*2 June
Apr.
Oet. '123
Jan.
Sept. 119
112*2 Apr.
Oct.
Feb. 111 *2 Apr.

Springfield Div.—7b, 1905 ....
1044a. 102
OlifoSoutbern—1st, 6s, 1921. .. 102 b. 32 b. 31
Sept.
314
2d, inc., 6s, 1921
93
89
Sept.
Oregon Fmpr. Co.—let, 6b, 1910 94
108
Jan.
110
Ore. R. ANav.Co.—1st, 6s, 1909 109 %b.
99
Aug.
99
994
Consol., 5s, 1925
9J
Sept.
934
92
Oregon A Transoon.—6e, 1922.
no
b. 110
Mar.
Peo.Deo. A Evans.—1st, 6s. '20.
105
a. 1054 Oet.
Evansv.Div—1st, 6b. 1920... 90 b.
56
56
Sept.
Rich A All.—1st, 7s, 1920, tr. ree
Sept,
1114b. 109
Richm. A Dan.—C<yns., 6s, 1915 114%b.
106
Feb.

101% Apr.

Oet.

69*2

To

11X4
964
9 !
106*2
100
ioo'b. 102
114 b. 1144b. 114
113 a. 1134a. 113

2d, consol., 7s, 1911

May

Oct.

b.

Income, 6s, 1921

N. O. A Mobile—1st,

June

!

87
107

b.

88
1«*8

l

*74

N. Pac.Ter.Co.—1st, 6b, 1933...
Ohio A MiBB.—Consol., 7s, 1898.

86% June

111

j 77

.

.

89

North.Pacific— 1st,coup.,6a, ’21 115%
984
Gen’i, 2d, coup., 1933
James R. Val. -1st, 6s, 1936..

Jan.

108
137
115
120

....

refunding, 5b, 1937.
Midland of N. J.—1st, 6b. 1910
N. O. Pacific—1st, 6a, 1920
1st

Jan.

28

1113

let, 5-6s, 1909...
2d, 5-6a, 1909

Stamped, 4s

N. Y.Sub. AW.—I)eb.,6s,’97,cp.oti1

May
June
Jail.

97

b.

97

!

1st, West. D., 78,1891
lst,Waco AN.7b, 19o3
2d, consol. M. L. 8s, 1912

Eastern

.

Apr.

56

Apr.

122

*

Feb.

100*8 Jan.
924 Feb.
1109
May

West.

GPn B. W. A St. P.—18t, 6b,1911 984b. 30
!
2d income 8s, 1911
32% 121 *4b.
Gulf Col.A8an.Ee—lst,7e, 1909,121%
1
99
Gold, 68,1923
98
lOG*ib.

82
78

Feb.

118

•

121*2 June
82% June

Sept.
Apr.
Sept.

91*4 Oct.
92*8 Jan.

Division—1st, 5s, 1931.
2d, 6s, 1931

91

Sept.

91*2 Sept.
95
Sept.
129
Sept.
112
Oct.
115
a. 115
Jan.
94*4
93% Feb.
84%
84% Oct.
82*2
78
Sei t.
Oct.
8z*2a. 105

112 b.

6s,’10

64
68
29

Oct.
Feb.
Oct.

Highest.

I

Loicest.
1

6b. 1921. 1214b. 1204b. 114 Jan. 1121
May
114
Michigan Div.—1st, 6s, 1924..
Jan.
130
Aug. 133
Minn. A St. L.—let, 7a, 1927
81
Aug. i 90
Jan.
Imp. A Equip.—6s, 1922
1024 Apr.
Oct.
85
864
874
Mo K.ATex.—Con., 6s, 1920...
Oet. I 89% Apr.
75
76
Consol., 5b, 1920
113*2 Jan.
111
a. 107*2 Aug.
110%
Consol., 7s. 1904-5-6
Apr.
112 %a. 108% FY>. :114
Mobile A Ohio—New, 6a, 1927 ..
107
May ; 1 OS
'<>. 104
Sept.
107
b.
1st, Extension, 6b, 1927
66*2 Mar.
40
Oet.
37 b.
43 b.
1st pref. debentures, 7s
!
89
Mar.
83
h
Aug.
6
87
Mutual U11. Tele— S. f., 6s, 1911
Apr.
125
Sept. 131
1254b.
Nash. Cb. A St. L.—1st, 7s, 1913; 127
Aug. 1074 Apr
103
N.Y. Central—Extend., 5s, 1893 1044b
May
130% Sept. i 137
1*33*
N.Y.C. AH.—1st, ep., 7s, 1903jl32%b
106
Mar. 110% June
Debenture, 5s, 1904
133*2 Apr.
131 a,| 129 b. 1 28*2 May
N.Y.A Har.—1st, 7b, 1900
85
.lan. 1101*2 May
N.Y.Chic.ASt.L.—1st, 6e, 1921..
70
Jan. j 99
May
2d mort., 6s, 1923
80
Seat.
Apr.
58
62*2
N.Y. City A No.—Gen., 6a, 1910 .
123
Jan.
117% 1118 b 1 1 6% Sept. 128*2
N.Y. Elevated—1st. 7b, 1906
Apr.
b 124% Oct.
1125
N. Y. Lack. A IV.—1st, 6b, 1921.1125
Jan.
106
Sept. 110
Construction, 5s, 1923
leg a.! 107 b. 106 Sept. 110% Feb.
N. Y. Out. A W.—1st, 6s. 1914..! 107*2
69
Feb.

•

122 b.

1

Mil. Lk.Sb. A W.—let,

a,

St. Paul A 8. C.—lfat, 6s, 1919
Cb.St.L.A Pitt8.—1st,con. 5s,’32
O. C. C. A Ind.—Gen. 6a, 1934
Col. Coal A Iron-let, 6b, 1900..
Col. H. Val. A Tol.—Com 5e, ’31

>-*

©

1

25

25%

Oct. 21

Highest.

Lowest.

Oct. 21 Oct. 14.

533

CHRONICLE.

THE

15
97
121

Virginia—6b, old
6e, consolidated
6s,

bonds
consolidated, 2d series

6s, deferi ed, trust r**c

1912

1913

1913
1913

116
5

Ask

6

1054
58
67
101

69%

ioi
104
71

48

90
60

84

Yd”

A sk.

Bid.

SECURITIES.

80
120

Erie—1st, extended, 7s
105*2

2d, extended, 5s
3d, extended, 4*28

83
110
100

4th,extended, 5s
5tU, 7s
1st, cons., fd. coup., 7s

1897
1919
1923
1920
1888
1920

Reorg., 1st lien, 6s.

1908

95

108

1909

Ced. Rap. I. F. A N., 1st 6s. 1920
1 at

98

1 QO 1

Buff. N.Y A Phil*.—Cons*.*6s! 1*1921
Trust certificates
General Os,
1924
Trust certificates
Cen.l’wa—East’n Div.,lst,6s 1912J
Illinois Division—1st Os
1912
Cent. RR. A Banking Co., Ga.—
Collateral gold, 5s
1937
Ches. A O.—Os, gold, ser. A... 1908
Ches. O. & So. West.- 2d Os.. 1911

Chicago A Alton—1st. 7s

1893
1903

Sinking fund, 6s

35

50

35

50

11*314! i i4*2j
!

(504), 7s
1894!
2d mortg. (300), 7s
1898;
2d, guar. (188), 7s.
1898
Miss. R. Bridge—1st, s.f. Os. 1912
Chic. Burling. A Quincy—
Consolidated, 7s
*...
1903
5s, sinking fund
1901
Iowa Div.- Sink, fund, 5s. 1919
Sinking fund, 4s
19191
192D
Plain, 4s
..

Nebraska Extensn n 4s
1^7;
Chic. Burl. A No.- Deb. Os
1890
Chi. R. Isl. A Par.—6s, coup.. 1917

1131-1
II314
11. >14

I

1

106

Ext. A Col., 5s

..

Dul). A S. C.—2d Div., 7s ...1894

78.1907

li

95*2

*9*5”
1*31 ”

132*2

Chicago Milwaukee A St. Paul—
124
118
1 ■- 71
1 15
118
124
124

130

126

119*2
97*2

99

115
LOu

92
100
100

,

j!

2d, 7s

Com

.

deb.. 5s

1925’

Ashland I)iv.—1st, 6s

l920j

1918!
1st, 7s
|Nash. Chat. A St. L.—2d, 6s..1901}
...

18^7! 102

!N. Y. Central—6s

./....!

|

9/

.

scrip..}

98
111
133
131

8pok. A Pal.

—

Ini

,

s.

fd., 6s. 1936

St. Paul A N. P.—Gen., 6s..1923;

Registered

1U8

lhOoj*
j

6s

'

jl
i!

1906j

Registered
Reus. iV Sar.—1st, coup., 7s. 1921 *114
'140
Registered
Det. Maek. A Mar.—1st, 6s.. .i92i
No price Fiiday: theee are latest

L 1 5

fmp. A Ext., 6s....-

!|

....193

Adjust mi ut M., 7s

|!
!

{jOgil. A Lake Cl:.-1st, 6s

....

1920

iiOiuo A Miss.—Cons., s.f., 7s..1898!

1*58' ij

General 5s

j Ohio

127

2d

1922)

110

;St. Paul A Duluth—1st, 5s
1931!
jSodus Bay A So.—1st, 5s, g... 19241

105

Tex. Central—1st, s. f., 7s
1st mortg. 7s

M„ 4*28

quotations made this wee**.

1909;
1911)
1905;

P*12i 100

!|Wab.St.L. APae.- ilav. Div.--0s.H0j

113*2*

Indianapolis'] )i v.—6s

j

1921

.

|

jl Tol. A Wab.-Equip, bds., 7sl8S3i

Cairo Div.—5s.

1931;

18901

1
ij
’

1901
1926!
1909 *

1917!

g..1917}

•Leh. A Wilkesb. Coal

1888

'Milw. Lake Sh. A W.—Income

{Mobile
A Ohio—2d pref. debeu
3d
pref. debentures

J*

4th pref. debentures

|N. Y. L. E. A West.—Inc., 6s..1977

{ {Ohio Cent.—Min. Div.-Inc. 7s 1921

!Ogdens. A L. Cham.—Income. 1920

•

ii-D

j Rocli. A Pitts—Income
.1921
Shenandoah Valley—Inc. 6s.. 1923

'

;|

Free ILi&t.
!'Cin. Laluy. A Chic.—ls^, 7s.. 1901
Cumb. A

{| 2d, 6s

1921 110
19211

1922

Iowa—Coup, debt cent’s
lEliz. City A Nor.—2d inc
1970
llnd’ap. Dee. A Spr.—2d inc.. 1906
j Trust receipts
J

!

Fenn.—1st, 6s

1891

138b

Erie A Pitts.R’vvay—Cons 7s. 1898
Grand bap.—1st ext. Id.. 7s.. 18:)b
Wabash Funded hit. bonds... 1907
Toledo A Ill. Div.—7s
Lake Erie. Wabash A St. D.—7s..
7o
Gt. Western.—1st mortg , 7s
Decatur A E. St: L.—6s
7l78i

76

119
99

1901 j
1902 *

:Cent.

iY«;

103

95

1*

Registered

N. W. Teh

graph—7s
! 'Wheeling A U E., 1st M. 5s.
Manliat. Reach Imp. Co.-7s

100

!

100*4

St. L. K. C. A N. Clarinda J>r.- 6s
1919)
St.Cliarles Br’ge— 1 st,6s. 19085 100
No. Missouri—1st, 7s
1895! 109
Wab. Sr. L. A Pac.—Iowa Div., 6s.

109*2

....

1921)

95
1904;
Ill. A So. Iowa—1st,ex.Gs 1912' i( 0

....

!....

Detroit Div.—6s

Quin. A Tol.—1st, 7s
Han. A Naples—1st, 7s

;

102*2!

'
(....
'108

105

of O.—Con. 68,1921 i

I

:::

1927i

112

117

1910

Min’s Un.—1st, 6s

’!
||

..

75 *2

105*2

1923

(Interest payable if earned.)

1921
J Oregon A Cal.—1st, 6s
{[Panama—biiik. fd., sub., 6s...19JO
lh oria Dec, A Ev.—^d, 5s
Peoria A Pek U’lk—1st, 6s

113

Bellev. A Car.—1st, 6s

!| Valley R'y Co,

1932'

1936
R’y.—1st, 4s. 1937

Bcllev. A So. Ill.—1st, 8s. ..1896

109
! Tex. A N. O.—1st, 7s
107*2!' Sabine Division, 1st. 63

C* lit.—1st Ti r. Tr., 6s...15)20
1921

Omaha A. St. L.

65

108
110

Atl. A Pac.—Ccn. Div

:[ Min. Div.—1st, 6s
Il’Oliio River RR.—1st, 5s
i

117'

,....

40

1897

South Pitts.—1st, 6.8
Bir. Div.—1st eon.-Gs
Col. A Hock. Coal A J.—6s.
Income Homl*.

93

92

Dakota Exten.—6s

i

100

t! '\)o

1924!

Arkansas Branch— 1st, 7s.. 1895)

j St. Raul Minn. A Main—

j ...
RedM’n— lst,g.,6s.l937i 103*2

108*2

J..

i'St. L. Alton A Ter. Haute—

Legist* red
,

•

81%

1891! 105

.

N. Y. Tex. A M»‘x, — 1st. Js ...1912Non hern Pacific-Dividend
Dividend extended
.'
i

118

Cairo A Fulton—1st, 7s
Cairo Ark. A. T.—1st, 7s

1905)
i N. Y. SusipAWest — 2d, 4 *23... 1937)
!!N. V. N. Jl. A IE—1st, reg. 4s. 1903
1st, 6s...

85

1937
1897

r

100*2

102

A Ohio—Col. tr., 6s ...1892, 102
L. A Cairo-4s, guar
I931j 70

—

}' Coupons off
1 Sf. Louis A Tron Mountain—

j;
]!

1112

[Mobile

126

Div., coup., 7s. .......19171
Registered
j
Albany
8usque.— 1st, 7s.. 18*88! 103
1st, eons., guar., 7s

{

98
A N. W.—1st, 5s, gold..1934
! Minn. S Ste.M.AAtl.—1st,5s.. 1926*
!Mo. K. A T.—Cons.,2d, me
1911
II. A Cent. Mo—1st, 7s
1890 'It 8
St.
Morgan's La. A T.- 1st, 6s

1894!

Pa,

■

ii*6*‘

*•

iI057e;San Ant.A Arans. —1st,6s,’85-1916
; 101 **}
1st, 6s, 1886
1926!’
!
j,Scioto Val.—1st, cons., 7s
1910!

i!Minn.
1

104

i*4*6*2 i*4*i^

Incomes
1900
Rieh. A W. Ft. Ter’l. Trust6s.. 1897

;

Pacific Ext.—1st, 6s
.1921
Minn. A Pae.—1st mortg. 5s. .1936

107

104*2 105%
★

1913

Consol, molt., gold, 5s.
All. A Char.—1st, pr., 7s

1102

1907'

97

1912 133
1912 *130
Clev. A P. —Cons., s. fd., 78.14)0 128
4th, sink, fd., 6s
1892 106*2
St. L. V. A T. H.--lst, g.,7s.l s})7
2d, 7s
1898 105* -..j..
112
2d, guar.. 7s
1898 *108

102

P9

’)Minn.ASt.L.—I’a Ex.—1st,7s 1909|
2d mortg., 7s
1891
ij Southwest Ext.—1st. 7s... 1910!

!

92

108
109

2d, 7s..
3d, 7s

101% 102

'

1894;

Registered, 7s

-

.

7s of 1871
1st, eon., guar., 7s
Del. A Hud. Canal—1st, 7s...1891'
1st, ext., 7s
1891;

Coupon, Is,

......

Jack. Lan. A Sag.—6s
1891 101
Milwauk. A N« rth.-lst, 6s.. 1910 1073.
Extension, 6s
.1913) J 06
i'Milw. Lake h. A West.—

93

ex coupon

Consol., 6s, D ust receipts. 1905
Pennsylvania RR.—
Pa. Co.’s guar. 4*23, 1st cp.. 1921
Pa. Co.’s 4*28, reg
1921
Pitts. C. ASt.L.—lst,cp.,7s. 1900
Pitts. Ft. W. A C.—1st, 7s... 1912

Helena ADul. iv Manitoba—1st, g. 6s. 1936! 104
140*2 142V
H* 1. B.Val. A Butte, 1st. 6s.193? *104
1891! 108 jl09
1900,"116 |
N. O. A No. E.-Pr. 1., g., 6s ..1915;
Norf. A W.—Gen., 6s
1901rl2O |
1931. 110
135
New River—1st, 6s
1
1915! 133
1932

Bonds, 7s

1st, 6s,

*115

.1931
1931

Registered, 5s

Cin. Jack. A Mac.—1st,g.,5s^. 1936
Col. A Green.—1st, 6s
1916
2d, Oh
1926
Col. A Cin. Midland—1st, 6s..1914
Del. Lack. A West.- Con v. 7s. 1892
Mortgage, 7s
1907,
Syra. Bing. A N.Y’.— 1st,7s. 1906
Morris A Essex—1st,7s
1914




116

1921 *lt 5
1980; 54

Div.—1st, 6s

1986*
;1 li*s.'N. J. June.—Guar. 1st, 48
19341*113*2 111
i Registered certificates
!
6s..l919j*U2 )
.;N. Y. 1\ A O.—Prior lien, 6s 1895
19321*110
113 IjN. Y. A New Eng.—1st, 7s....1905!
.

2d, 7s

Ft. S. A V. B. Bg.—1st, 6s 1910
St. L. K.A So.Wn. —1st, 6*s. 1916
Tex. A Pac.—1st, 6s........ 1905

i1i
*115

1919
1895 107
g 1916 r100

1st, 6s, Pierce C. A O

Equipment, 7s
Kan. City A S.—1st, 6s,

...t
1892 109**) 11 0*2
Buff. A Err—New bonds, 7s. 1898 118*2:121
Kal. A W. Pigeon—1st, 7s.. 1890 104*2:
Det. M. A T.—1 st, 7s
1906 17 0*2!
{[Pine Creek Railway—6s of 1932
Lake Shore—Div. bonds, 7s.1899 '118 ll'-O IiPitts. Clev 1 ATol.—1st, 6s... 1922
1922
Consol., reg., 1st, 7s
1900 12) i
{-Pitts. Junction—1st, 6s
Pitts. MeK. A Y.—1st, 6s
1932
Consol., reg., 2d, 7s
1903 122 h
Rich.
ADanv.—Deb.
ex
ep.6s.1927
Mahon’g. Coal RR.—lst, 5s. 1931

Coupon, 5s

Registered

eons., guar.,

A"

,.,

Consol., 1st, 6s
Chie. A W. Ind.—1st, h.L,
Gemral mortgage, 6
Chic. A St. Louis—1st, 6s
1915
Ciu. L8t.UA Chic.—Uf,g.,4s 1936

1st,

12*6"
97

,

10u*2

Extension bonds—4s
92
1920
Ext. registered
Escauaba A L. S.—1st, 6s... 1901!
Des M. A Miun.-'lst, 7s
1907
Iowa Midland —1st, 8s
1900!
Peninsula— 1st, eonv., Vs... 1898! 170
Chic. A Milwaukee—1st, 7s. 1898; 121
Win. A St. P.- 2d, 7s
19071 128
Mil. A Mad.—1st, 6s
.1905
Ott. C. F. A St. P.-lst, 5s.. 1909
Northern Ill.—1st, 5
1910;
Cl. Col. Ciu. A ludiauap.—
1
1st, 7s, s. fd
1899; 119
Consol. 7s
11)14!
C’onsel. sink. fd.. 7s
1914i
Chic. St. Paul M. A O.—
Clue. S. 1*. A Minn.—1st, 6s. 1918 123
No. Wisconsin—1st, 6s
1930!
Chic. A E. Ill.—1st, s. f., cur.. 1907! 1 1
.

108*2

2d, 3s
'
Nashv. A Decatur—1st, 7s..19001*118
8. A N. Ala.—S. f., 6s
1910*106
Louisv. V. A L.—6s
1931|
5 p. c. 50 year gold bds
1937
91
Pens. A At.—1st, 6s, gold.. 1921
87
O.
A
! I on. N.
Tex.—1st,4s
1934
50
-!| 2d mort., 5s
1934
Mexican Central—1st, 7s
1911
Ex coupons 6, 7, 8
Mich. Cent.—1st, con.,5s.‘... .1902
6s
190.'

Chicago A Northwestern—

,

1906

115*2 116*2

r

119

117
108

Clcve. P. iv A—7s

St. LouiH

115

Mineral Point Div., 5s
1910
C. A L. Sup. Div., 5s
1921
Fargo A South., 6s, Assu ...1924|
Inc. eonv. sink, fund 5s
1916
Dakota A Gt. South., 5s
1916

105
90

Long Island RR.—
N.Y. A M. Beach—1st, 7s.. 1897
N. Y. B. A M. B.-lst;g.f 5s. 1935
m
; Louisville A Nashville—
Cecilian Brand)—17s
1907 101
126*2
Pensacola Div.—6s
..19201 95

80

...

135*2 110

Registered

j|Lake Erie A W’11—1st, g., 5s..1937
jjLake Shore A Mich. So.—

80

1st, 8s, P. D
1898
2d, 7 3-10s, P. D
1898
1st, 7s, $ g., R. D
...1902
1st, La Crosse Division, 7s.. 1893
1st, 1. A D., 7s
1899
1st, C. AM., 7s
1903
1st, 7s, i. A D. Ext
1908
S.
1st,
W. Div., Os
1909
1st, 5s, La C. As Dav
1919
1st, H. A I)., 7s
1910
1st, H. AD., 5s
1910
Chicago A Pacific Div., Os. 1910
Chic. A Mo. Riv. Div., 5s
1920

105

1907 *118
1951 *116

• Ced. Falls A Minn.-1st,
Indiana p. I>. A Spr.—
129*2 130% I 1st, 7s, ex. fund, coupon

114f>8

1897
1898

Col. Trust, 6s
1908 *106*2
Col. Trust, 5s
1907
C. Br. U. P—F. c.,7s
1895
Atch. Col. A Pac—1st, 6s. 1905 103% 104
104
Atch. J. Co. AW.—1st, 68.1905
Ut. 80.—Gen., 7s
1909 "9*3* 95
90
1909
Extern, 1st, 7s
Missouri Pacific—
Verd’s V. Ind. AW., 1st, 5s. 1026
Ler. AC’y Val A. L.,lst,5s.l926
95%
St. Louis A San Francisco—

1

Legist* red
Des Moines A Fort D.—1st,4s. 1905
1st. 2*28
1905
Extension, 4s
Keok. A. Des M.—1st, 5s ....1923

1st, consol., 7s
2d, 6s
Gold. 5s, coupon

I

107*2 108*4!

..1934

1921
1.,7s 1897
1897

I

129

Registered

1898

6s,

Sprmgf. Div.—Coup.,

Middle Div. Reg., 5s
C. St. L. A N. O.—Ten.

i

......

1st, 6s
1st, 6s

103*8 105

! Registered
H6*4
!Han. A St. Jos.—Cons., 6s
1911 116
I Hons. E. A W. Tex-1st, 7s... 1898
Illinois Central- 1st, gold, 4s.l 951 *105*2
5
93
! tf-t, gold, 3ks
1951

!

Louis. & Mo. River—1st7s.. 1900 118%
120
2d 7s
..1900! 117
8t. L. Jacks. A Chic.—1st, 7s 1894. 1131.1
guar.

*107

!Evans. A Indian.—1st, cons...1926
Eureka Springs R’j', 1st, 6s, g.1933
|Fl’t A P. Marq.—Mortg., 6s.. .1920
Grand Rap. A Ind.—Gen. 5s..1924

99*2

123

120

111%
*104 *2

B. N. Y. A E.—1st, 7s
1916
N. Y. L. E. A W—Col. tr., 6sl922
Buff'. A S. W.—Mortg. 6s.... 1908
Evan. A T. H.— 1st, eons.,
1921
Mt. 'Vernon—1st, 6s
1923

Aak,

Pacific RR.—Central PacificGold bonds, 6s
..1895 114
Gold bonds, 6s
...1896 114*4
Gold bonds, 6s
1897 114*2
Cal. A Oregon—1st, 6s
1888 101
CaL A Orcgon-Ser. B., 6 1892 '101
Mort. bond. 6s
19h> 102
West. Pacific—Bonds. 6s
1899 112
No. Railway (Cal.)—1st, 6s. 1907 *118% 119
Union Pac.—1st, 6s
1896 114*4

1926

1st, coils.. gold, 6s

Eliz. C. A N.—S.f., deb.. 6s. ..1921
1st mortg., 6s
1920

Bid.

SECURITIES.

Ask.

Det. Bay C. & Alp.-1st, 6....1913 *106*2 107*2
122
E. Tcnn. Va. & Ga.—1st, 7s... 1900 120
Divisional 5s
1930 105*2
E. AW. of Alabama—

.

Iowa C. & West. - 1st 7s

Bid.

SECURITIES.

Railroad Bonds.
(Stock Exchange Prices.)
Atch. Top. A San. Fe—4%s ...1920
Sinking fund, 6s
1911
Beecn Creek—1st gold, 4s
1936} —
Balt. A Onio—lst6s, ParkB ..1919; 115
5s, gold
1925 i 102
Registered
94
Bost. H. Tun. & W.—Deb. 5s... 1913

Brooklyn tlev.—1st, G., 6B...1924
2d, 3-5s
1915
Bnrl. Ce. Rap. & No.—1st, 5s. 1900
Consol. A col. tr, 5s...,
1934
Registered
Minn. & St. L.—1st 7s, gu
1927

|VOL. X.LV

QUOTATIONS ON Fit ID AY OF INACTIVE RAILROAD BONDS.

BONDS—STOCK EXCHANGE

1st,

CHRONICLE

THE

534

101
88
......

100

76

80

.October

22, 1887. J

statement shews the
of New York City for the
Net

Banks.

Loans

and

Specie.

than U.

Discounts.

New

Manhattan Co

Merchants’
Mechanics’

1.366.900
530.000

10,763/500
3.055.000
9.272.800
2,052,: 00

Tradesmen’s....

3,127.400
350.700
282.000
6,255.300
703 300
496.900
396,000
89,000
133.300
463.600

1.241.700
19 379,400
3.177.900
5.269.600
1,834,5 00
1,917.000

Fulton

Chemical
Merchants’ Exch.

National.

Batchers’ A Drov.
Mechanics’ A Tra.

1.133.200

Greenwich
Leather Mannf’rs.
Seventh Ward
State of N. Y
Americ’n Exch’ge.

3.472.200
1,325 000

Commerce

Broadway

Mercantile..

3,661,(H)0

2.297.900

1,243,200
1.679,000
534.300
2,005.000

2.514.600
7.896.700
4.245.400
1.905.400

—I
Republic

Pacific

Chatham

Peoples’
North America

888.900
250.300
567,000

2,755,000'

3,0’0,100

10,995 700

Hanover

480.800

2.772,(00,

1

Irving

Citizens’

2.781.200

630.700
208.600

2,943.0(0

772/ 00

2.266.5(0

Nassau

Marker.

260.300

2,118.000
3.: 43.0001
5.613,200!

St. Nicholas.
Shoe & Leather...
Corn Exchange ...

573.00(1

579.0O0

1.037,700

4.286.600

Continental...

232.800

1.823.000j

Oriental
Park

17,253.000
7,914,000

.

Central National..
Second Natio. al..
Ninth National....
First National
Third National

Excli.

2.555.600
6.016,500

2.230.800

2.655.900

3,437,3(10
2.381.600
1.855.100
1.853.700
3.383.900
1,924,6(10

1.992.100

1.904,000
0,182,900

Loans.

1887.

H

44

24,366,900
24,046,800
23,298.800

87,193,800

87,346,000
87,829,300

15

'I Deluding the

Mon’yj

item “due to

8

I

Amer.

29*1*366
180,000

6.259.300
3.576.300
2.913.300

67,500

45,000

3,465,609

43,300
45,000

2.812.900
2,923,000
1.619.300

131,609

4,237,509
2,194.290
2,168,0 ’0
2.175.600

42,600
180,000

Commercial. 35
Continental. CO;)

240
Eagle
90
Empire City

6,583,960

st

Agg.Cl’ngs

8,667.500

88,905,65 4
95,989.445

8.753,000
8,614,300

follows:
Agg.CTngs
$

$
2.280,050

55.912,886
65,116,74 6

2.287,750
2.283,250

61,542,550

complete
of each

iist is

month.

HOLTON.
RAILROAD STOC

t..

01

Little R. A Ft.
2d mort.,
Mar. H. A
60

(Mexican

:104V

125

East’rn, Mass.—6s, new..
Ex-dividend,




120

t Per share.

17

!
j

!,

j

ser.5s

i

51 *4

Little Schuylkill
Northern Central
Phila. A Reading
West Jersey

Equit. Gas Co.

week.

110
160
108
155

i

30ns
58

116
110

20

21

Kan. City A
1 st, mort

Omaha

39

93

io

16

105

40

42

8
.

20
99
43
109
81

102

Ohio......
...

i*o*6

121

i

1st pref
2d pref..
1st 6s.

.

5s, 1910

.

4
16
1 l

76
15
87
10

1888

7ft, 1890
Laid -'(.—'Stock..
’.,7s, 1893

2ds.

18
89

1114

Bid.

St.L.,lstM.wh.lft

A Northern
IN. Y. M. On. Te>.—stock.
N. Y. W. Sh. A B.—Stuck.
1

.....

180
115
240
107
220

both Exchanges:

N. Y. Cityr

(North.

62
160
112
111
125
107

220
105
210
112

Nat.Oonstruct’11 Co.

iN.Y.O.A

109V

110

iMexican National tr. rec.
i 1st in on gage, tr. rec
jMex.

158

no
210
117
41

59
155
no
107
120
I06
101
175

SECURITIES.

Ask. |

145

1

60
114
111
80
no
130
109
115
1L3

36
108

Sixth Av.—stock
!
1 it iuon., 7fl, 1890

Ocean Steam.Co.,1st
Orange Belt 1st

PoiiHacola A
1st IIIO! t

guar.

Atlantic

(Fitts. A w est. RR.. 1st M.
Postal Tolegr tph—1st, 6s.

Ask

71-2

8V

38
27
84 ^

40
28
85 V

65
2

75

101

104

Pac.—Div. bands..

■

5
93
64
25

30
......

20

Bridge—Stock 10031*;

Kanawha A

1st more,

Consol., 7ft,

io

of N. Y

At)

107

Ninth Ave

121 J
Third
125
Bonds,
113 1 i
152
! jrwuity112V J 1st

5s.*.

2d«

|

125
150
150
280

150
106
200
112

Sicond A v.—stock

16U
120
81

Stk.

Pae.—Stock

Henderson

137;
110
75

Broadway.)
08:104

Broker, 145

I 42d A Gr’ml St. F’ry-Stk
1st mort., 7ft, 893
4‘2dst. Manh. A st,. N.Ave
1st mort., Oft,* 1910
2d mort., income, 6s
»oast. W.St. A P.F’v-Stk.
1st mort., 78, 1894

1 25

36
90

West RR. of Ala.
Electric Light

Ketr.y Motor

J Last price this

i

78

1st 6s

I
!
Adegh. Val.—7 3-10s, ’601
j
7s, E. ext., 1910
Inc. 7s, end., coup., ’94/
RAILROAD BONDS.

mort

Georgia

Municipal

1

72 *4

Cable Co

Cbic. Santa Fe A Cal
Dili. S. Shore A At.—

95
180
80’
180
108
102

109
77
105
128
105
110
110

D. K. B. A B.— Mil'll-,
!iEighth Av.—stock
j scrip, 6s, 1914

30

Bid.

SECURITIES.

East A
Edison

Municipal— Bonds, 7s

Securities.—Quotations from

honds. 6s
Cape Fear A Yad.Val., 1st
(dies. AO., sor. B.def. c.erip

9=v

Bonds, 6s..”.
Metropolitan (Bklyn.) —

Bonds, 6s

! 90

7s, 1893

Unlisted

105

55

(Bklyn.)

105 vj 1

ICO
106
150
105
150
150
116

Trust,

45

mule's

Equitable

90

2d mort

$

70
100
75
145

Bonds, 6s

j 104

Consol., 7s, 1902
122
Ohrist’pli rAloMist—stk. 111
;... 14 6
Bonds, 7s, 1898
Orv Dk.E.B.A Bat’v—Stk no

Tel. A

HO

Fulton

175

mort., 0s, 1922
Oent. Pk. N.A E. Riv.-Stk 120

1 at.

\
Southern Kansas—38.....j
Texas Division—os
!

Pennsylvania

105 81
1221*

‘

1st

1

!ns

Atlan, A
All. A Char. Air

PHI I.A Dci.lM! IA.
RAILROAD STOCKS. |
B ltl. N. \ . <fe Phil.,ass. pd.;
Preferred
Lehigh Valley

j

Plain, 5s
Mortgage, 5s
Trust, os

Kns\—1st, 7s..

1st mort., ts
2d more, ds

,

1914 i

Crosstown—stk.

155
95

Equit.

100

102

iklyn. Crossiown—stock.
1st mort., 7s. 1888
^nshw’k Av. (Bkin>—rtt’k

105

150
Fire .. 80
150
Niagara
North River 88
170
Pacific
70
Park
Pet’r Cooper 170
90
People’s
97
Phenix
130
Rutger’s....
102
Standard....
65
Sterling ....
Stuyvesant. 110
United St’es 140
Westchester 130
Williamsb’g. 250

N. Y.
N. Y.

Williamsburg

i

103

City—stock
mort., 5s, 1902

!p

116
93
102
97

Char.—Stock...
L.. 1st. 7s
At.APac.-lstM,C.D.o d6s
Boat. H.T.A West.—Stk.
*98
Debentures
35
Brooklyn Elev’d—stock.. 107

2-Os

Incomes.
Wisoou. Cent. -1st
2d series, iue., 7s

75

Quit..

Preferred
K. C. Memph. A Rirm. ..
Kau. C. spring 1. A Mem.j
Mexican Central
N.Y. «fe n. Eng., pref
Northern
I
Old Colony
Wisconsin Central
Preferred
BONDS.
I
118
Atco. A i'opeaa—1st, 7e.
Coll Trust, 5s
1 90

Surface lots...

Amer.

Out.—1908, 6s,

Central—4s

income
N Y. A N.

Fitchburg, pref
Flint A Pore Marquette.

*

| 90

70
140

Ask

Bid.

National.... 100

140
75
120
210
91
100
85
135

by H. L. Grant.
D.

(r’dway A 7th Av.—St'It
1 st mort., 5s, 1904
2d mort., 5s, 1914

H.—7fl,

l92o, 6s

Preferred
Chic. Burl, A Nortli’n
Cleveland A Canton
Preferred
Eastern
Preferred

S. A

j

88

HHV HO^
98
i.

Louisv.Ev.ASt.L.—lHt, 6s

Massachusetts

Preferred
Eau. City Ft.

115

Fort Scott A (4.—7s
Mempli. A Birin—5s

Modi.—6s

Boston dt Providence....
California Southern

Central

C

K. City ‘sp u <&
d.C. Clint. A Springf.—5s

l opoxit*
AtoJuaun
RoBton A Lowell
Boston A Maine

! Ask.

HO

160

114
90
100
95
95

28

rntral

112
110
134

102
55
103
73

50
100
72

[City HR. Quotations

C

..

COM PAN’S.

Ask.

Street]

SL’ckerSi.w Fuir.F.—:sr.k.
113
1st mort., 7s, 1900

1st mort.,

K.C.

KS.t

Bid.

SECURITIES.

Ask/

Scrip

1st

other bank* "

I Bid.

(Bklyn.)

Brooklyn

Philadelphia and Haiti mum .
quotations of active stocks and bonds. A
given in the Chronicle the first (Saturday

SECT' RITIES.

Mutual (N. Y.)
Bonds, 6s

105

St’es! 210

Kallrond Stocks nnd Honda.
H. Pkkntiss a Co., Brokers, 49 WallBid.
Ask/ |
Bid.
GAS COMPANIES.

100,

Metropolitan—Bonds

B’way

150

127

•"’radesmen’s 102

250
70
130
125

50

...

Nassau

Consolidated Gas
City A Hoboken...

N issau

Bid.

Montauk....

Jersey

74,126.462

128

Stateof N. Y. 110
Third

Bailey, 5 V Pine St.]

Merchants’.

fvtooKlyn Gas-Light
Citizens’ Gas-Light
Bonds, 5s

355.255,200 8,201,760

1 13

1H8V 141

Leath 145

Sloe A

United

Howard .... 00
Jefferson.... no
Kings Co.... 195
Knickerb’k r 85
90
Long Island
Lafaj ette... 75
120
Manuf’o.A B
Mechanics’ * e:o
Mercantile.. 60

COMPANIES.

\r->

170

175*

and City

UaR

G

!

..

.

160

Stock List.

Hanover
Home

Quotations by Gko.

[ tap,

Quotations in Boston,
Following are

115

Globe

Circula’n

85,974,000
< 86,859,000

95
110

Farragut
90
Firemen’s".
German-Am. 300
Germania... 150

3,903,8 00

Circula’n.

117
100

Clinton

Exchange...

2.884.40(1

165
190
125
120
125
110
40
225
250
1( 0
no
120
100
320
158
125

128

St. Nicholas. 120
7 th Ward... 115
230
S eoond

145
122
24
155

Greenwich.. 200
Guardian
| Hamilton

...

Plenix

164

145
207

..

Ask.; (COM PAN’S.
1 (55
100

Exch.

City

2,839.2(101
2.521 ,300

'Jassan
’Tew York

[Quotations by E. 8.
OOMPAN’H

People’s.

.

vfetropolit’n

....

Pirk

4epnblio

4echanics’
4’chs’A Trs' 145
•fercantile.. 145
Aeronauts ’. 140
vt’rch’ts’ET.

146

Bid.

P icido..

330
,100
205
160

145

Insurance

223,80 t

*

$

$

11th Ward. 150
Fifth Ave... 800
1600
First
145
F »urth
160
Fulton

BANKS. Bid. As*.

<T. Y. Count' 200
N.Y.Nat.Ex

131
Ttnth
>7. America, 125
forth Riv’r. 130
irlental.... 185

Leather Mf«’ 195
Manhattan..
17 f
Market

190

Jorn Exch...
^ast River.. ! 30

40

Securities.

210
YOG
110
200
Greenwich .. 112
-tauover.... 173
I n. A Trad’s’ 320

Irving

70>*

Lint.

Bid. Ask.

BANKS.

1

1931

99 i

97 Si
70
35
15

week.

price this

t Last

GUlatin
Girfield
G rnn’n Am..
Germania. ..

120

2.300,100:

$

Deposits.*

..

Continental.

440,209

1,117,9001

2,575,500 106,235,000

Lawful

Commerce

70
150
Bowery
Broad wav... 170
Brooklyn ... 110
Citizens’.... 112

Banks.—The totals have been as

Philadelphia

City

45,000
.4 i ,000
45,000

2,082.100 101,826,900
2,652,200 103.650,800

136,898,900 10,1^7,800
137,09;,500 9,745,000
138,318,600 9,049,300

Chemical....
Jitizens’....

si *66*6

of the Boston b

Deposits.*

$

*

$

<1

74,559,506 21,514,500

L. T’nders.

Specie.

Loans.

1

333.700

Banks.—Pol lowing are the totals

Boston

Oct.

262,fOO
345.500
450,000

Broadway...
4ntch»’A Dr
Central
Chase
Chatham....

American... 150

68,290

502.800
819.500
364.800
885.700

Exoh...

Am.

360,000

4Hn,100
270.009
37,900
145.300
143.400
229,609
234,200
271,500
19 1,809
100.900
751.400

120.900
2(0.600
992,600

America.-., j

Balt.—lets/

3ds, 3-4s
1st Inc., 5s,

103 V
72

100 iff

Ohio—4s

Wash. A
2/8, r8

Cin.

York Local

Ask

Bid.

IS,lw 5.000
8,633 090
4.2'6.000
5.1 07,80*
18.752,900!
4.277.200!

146.409
223.700
19r-,800
55.700
179,909

859.400!

351,842,700

1887.

227/ 00

1,438.4 00:

3.518.600

'

1,(>74.509

861,000
149,000
425.100
101.4 00
663.200

2.226.200

Sixth National....
Western National.

50,000
38V 00

4

3,598.(00

2,v 69.100

Fifth National
B’k of the Metrop.
West Side

Total

,702,000:

1.354.700

United States
Lincoln
Gariield

116.700
99.700

918,00
931.900

RAILROAD BONDS.

71*4

180
174
143
27*6"
255
102
133*
130
210
215
2800 3*0*00
137
300
175
170

130
120

105

Baltimore &

Bank Stock

39,300

2,026.300
1,023,609

110

.New

BANKS.

20

-

115

Baltimore
1st pref
2d pref

+ Per share.

Ex-dividend.

982*666

22,317.700

RAILROAD STOCKS.f
<& Ohio

1890

_Incoine, 7s, coup.,

mm

mm

•

HAi/riOTOR*;.

101V
?102 V

Imp., 6s, g., coup., 1897
Gen., 6s, g., coup., 1908
Gen., 7s, coup., 1908
*

»•••-.

123 V

Cons., 7b, coup., 1911..
Cons.. 6s, g., I.R.C.1911

45,000

92
-

-

coup.A reg., 1893

2d, 7s,

000

20.445.100

46 7.00

601.000
1.014.2( U

20.039,80(1
4.381.600

N. Y. Nat.
Bowery
N. Y. County
German-A moric’n .
Chase National....
Fifth Avenue
German Excli’nge.
Germania

Seaboard

)

3,471,000
4.978.600

45,000

366,000
429.100
260,000
2.779,000
156 ('00
309 COO 10,087.100
9 6‘, 000
2,< 78.800
183.800
1,348.500!
83,0< 0
328.800 20.479.600
89,600
3.608.290
235.100
626.000
3.832.200
403.300
260,500
1,801.000
80,500
2,121,000
243,000
*'2'600
1,155/200
141,30.)
536,300
2,753,209
24 0,800
44,100
1.268.300
50,900
3 012.000
225.200
716.000 14.791.009
948,30.. 11.302,100 1,013,400
45,009
5,485,409
28^.600
899,200
7.394,700
405.600
2.918.200
213,000
42,290
8,515.000
309.400
44,000
4,557,100
307.700
2.536.900
125.700
3.368.500
266.200
45,000
12.412 900
6( 0,49(1
40,700
2.800/ 00
2 13,300
45,000
3.135.500
175.600
2.719.400
368.309
443*809
2.775.300
129.400
1.795.500
50.800
445,700
3,375,090
356.000
4,876.40c
3 37, ( 09
45,6*0*6
5,222/ 00
569,000
1.900.109
338.t 00

133.900
177.200
4.127.600

2.07-6.('00
1 062.7001

North River
East River

!

$

7,299,000
6.562.900
9.076,200

1,116,900

18.384 2( 0; 4.616,800
17,566,; 00. 5.929.4: 0

Importers’ A Trad.

Fourth National

'

263.000
649.700

3.445,000
16.4VO 000
17.322.100
6.514.900
7.403.400

9 561

67 : 009

1,365,100
1.509.000

7 871,000

America
Pheuix
City

Gallatin

1,909.000

|

tion.

10,640.000

740.900
895.000

2.150.000

10,950 000
*9.2*8,000
0 910/00

York

S.

Circula¬

$

$

$

$

Deposits
other

Phila.A Read’g (Cont’d)—
87
Cons. 5s, 1st ser.,0.,1922
3 99
Cons. 5s, 2d ser.,0.,1933
Debenture coup., 1893.
Deferred incomes, cp...

Balt. * O.E. Side—Certs.
Col. AC. M.—1st, 6s. 1914
Leh. V.—lftt,6s,C.AR.,’08
2d, 7s, reg.,1910
Cons. 6s, C.& R., 1923
Penn a.—Gen., 6s,cp.,1910
Cons., 6s, coup., 1905...
Cons., 5s, ree., 1919
4 *08, Trust Loan
Perkiomen—1 st, 6s.cp.’87 j
Phil. & R.—1st, 68,1910

Amount of—

Average

Ask

Bid.

SECURITIES.

Ask.

SECURITIES.

York City Banks.—The following
condition of the Associated Banks
weekending October 15, 1887:
New

535

CHRONICLE.

THE

Wich..

St. Louis Ft. S. A
st. Paul K.A Gr. Tr., Ist6ft
Tol. A. A. A N. Mich
U. S. Electric Light

101
......

50

30

Central.—1st
jV.ckso. A Meridian
Utah

Pref
1st mort
2d mort

1 u comes

West Va. RR.—1st. 6s...
iWestern Nat. Bank
Went N. Car.— Con M

'Wisconsin Central

V

i4
85
40
6

92
......

*

••

101”
96
95
......

536

THE CHRONICLE

Imrjestttmxt

Latest

WeekorMo\

glaitoad Intelligence.

Mar. Col. A No..

Mexican Cent
*Mex. N. (all Ins)

Chronicle at 50 cents each, and to others

*1 per copy.

a

RAILROAD EARNINGS.
Gross

K.CEtH

for all the railroad
tained.

latest railroad earn¬
date are given below

companies from whom rejjorts

Latest

Earnings Reported.

Roads.
Week

i to l ttest

Mo

or

1887.

be ob¬

can

Jan. 1 to Latest Dale.

188(5.

SeptembT.

Mil.L.Sh.AWest. 2d wk Oct.
Milwaukee A No. 2d wk Oct.
Minneap. A St. L. August..
Minn. 8.S.M.A A.

105,900,

July
wk Oct
iSeptembT.
SeptembT.

12,685

Miiin.ANo.West.jlst
Miss. A Teiin

45,830
39,785

1887.

.{August

Allegheny Val.

192,725

Atoll. T. & S. Fe. BcptembT. 1,4 <>5,474
Atlanta A C.'liar. August
105,008
Atlantic & Pac.. j2d wk Oct
60,750
Balt. A Potomac1 August
116,227
Beech Creek —{SeptembT.
62,717
Brunsw’k & West: August
Buff. N.Y. & Phil j‘Jd wk Oct.
*61. ",800
Bull'.Koch. A Pittj2d wk Oct.
40,582

Bur.C.Rap.&No. 1st wk Oct

Cairo V. A Chic. 2d wk Oct.
Cal. Southern.. 2d wk Oct.
ICamden A Atl’c August....
Cunadian Pacilic Id wk Oct.

Cp.F’r AYad.Val SeptembT.
Carolina Cent.. August....

Central of Ga...
Central Iowa....
Central of N. J.
Central Pacific
Charlest’n A Sav

74,111
18,014
25,297
149,989
283,000

August....

27,964
36,020
498,015

BcptembT.

122,373

$

1886.

$

114,897

934,871

862,373

53,977

429,343

541,OoS

223 423

128.701
238,000

20,580

32,329
451,891
124,254

August....
July
1,245,456 1,098,033
August....
30,327
30,924
Cfcesap. A Ohio. Beptemb’r.
416,526 388,992
Eliz.Lex.AB.B. August
100,056
91,028
Ches.O. AS. W.. BcptembT.
186,731
160,944
Cheshire
July
59,527
54,465
Chicago A Alton July
817,641
715,166
Chic. A Atlantic 2d wk Oct
47,896
39,007
Cldc. Burl. A No. August....
181,226
Chic. Burl. & Q. August.... 2,382,103
2,748, i 75
Chic. & East. Ill. 2d wk Oct
47,086
42,532
Chic. & Ind. Coal 2d wk Oct.
11,056
4,244
Chic. Mil. &8t.P. 2d wk Oct
631,224
Chic. A N’thw’n August
,609,75)4 2,328,476
Chic. St.L. A Pitts Beptcmb’r
518,486 463,505
Cliic. St.P.&K.C. BcptembT.
45,061
25,062
Cldc. St.P.M.AO. August
592,339 45)9,087
..

..

Chic. A W. Mich
Cin.Ind.St.L.AC.
Cin.Jack. A Mac.
Cin. N. O. A T. P.
Ala. Gt. South
V. on. & N. K
Vicksh. A Mer.
Ticks. Sh. A P

2d wk Oct
2d wk Oct.
1st wk Oct
1st wk Oct
1st wk Oct
1st wk Oct
1st wk Oct
1st wk Oct
Erlangcr Syst 1 st wk Oct
Gin.Rich.AFt.W.r2d wk Oct
...

Cin.Wash.AP.alt.[2d wk Oct.

Clev.Akron ACol
Clew A Canton
Clev.C'ol.C.A lml
Clev. A Marietta
Col. A Cin. Mid

1st wk Oct

cptembT
BcptembT
2d wk Oct
2d wk Oct.

Col. I lock. V. AT. BcptembT.

Columb’sARome August....

Denw A Rio (Jr 2d wk Oct.
Denv. A It.(J. W. 2<1 wk Oct.

30,658

55,176
13,157
67,70(5
30,056
13,4(55
12,8(52
15,411

139,500
8,54(5
48,552
11,446
3(5,744
415,15)3
7,037
7,102
261,(589
3,1.85
164,000
2 5),075

Det.Bay C.AAlp. BcptembT.

43,000

No. 2d wk Oct.
Det.Mack.AMar. 2d wk Oct.
E.Tcnn.Ya.A( Ja. 1st wk Oct

22,45X5

Det'.Laiis’gA

Evans. A lud’plis
Evansv. A T. II
Flint A P. Mar<|.
Fla. R.ANav.Co.
Ft.W.A Dcn.C it\

Georgia Pacific
Gr. Rap. A Ind.

2d
2d
2d
2d

wk Oct
wk Oct
wk Oct.
wk ()ct
1st wk Oct
1 st wk (let
2d wk Oct
Wk. Oct. 8

Grand Trunk
Gn.Bav W.ASt.P August...
Gulf Col. AS. Fe. BcptembT
ITous.ATcx.Cen. 4th wkSept
JR.Ceil. (Ill.A So) BcptembT*
Cedar F.A Min. BcptembT
...

I)ul>.ASioux<

.jSeptemh’r

la. Falls A S. C.
Tot. Iowa lines
Total all lines
Ind. Bloom. A W.
Ind. III. A Iowa
Ind. Dec. A Spr
Ind. A St. Louis
Jack. T. A K. \\
AGulf.
Kan. C. Sj». A M
Kan. C. Cl. A Sp

Kentucky Cent

Keokuk A West.

Kingst’n A Pern

BcptembT
SeptembT
BcptembT

2k wk Oct

SeptembT
SeptembT
SeptembT
August
1st wk Oct

1 st wk Oct
1st wk Oct
.August
..

tth wkSept
i2d wk Oct
*2d wk Oct

Lake E. A West
Lehigh A lTuds’nkSeptembT
L. Rock A Mem
Long Island....

1st wk Oct
2d wk Oct

Louis'aAMo. R
Louis.Ev. A St.L.
Ixniisv. ANasliv.
Lou.N.A. A Cliic.
Louisv. N.O. A T

2d wk Oct
2d wk Oct
2d wk Oct

] And branches,

Inly

*

wks Oct

15.(55)1)

131,573
4,438
17,362
51,144
20,257
21,715
24,(548

47,382
39(5,625
42,073
25)9,645
83,019

28,239
57,100
8,7(53
63,655)
24,10(5
11,520
9,55)5)
11,107
119,5)5)1
8,325)
42,89(5
1 1,348
33,807

2,182J>06

1,554,792
2,155,216
590,938
1,092,243
510,278
8,436,262
193,187

16 [659,115

..

.

2,494,502
1,128,429
475,715
377,11(5
385,174

4,860,936

4,075,766

315).XSO

295,003

1,695,(55)0
425),25X5

1,537,478
4

16,311
262,61 l
3,002,575
215,230
24 6,954

271.379

225,(504
5,035)
162,25)1
25,175

1,947,745
36,7(59
6,085,818

25,20(5
21(5,5)5)2
75), (582
970,102
1 (5,(538

S25,30§-

62,705
14,21 Oj

2,(507,(5541

1,811,420
486,744

*738,499
941,553

12(5,882;
7,(5(57i

933,045

30,9(53

51

..

8,337j

Va. M idl’d Div. SeptembT.
Char.Col.A Au. SeptembT.
Col. A Gr. Div. SeptembT.
West. N.C. Div. SeptembT.
"Wash. O. A W. SeptembT.
Ashv. A Spar. SeptembT.

90,244

1,089,225
2,012,404
307,982
2,112,220
853,828
433,583
353,056
323,078

2,092,401
360,898

235,804
254,309

380,079

46,786

3,682,5*8*4

4,149,056
1,05)4,629

(5,875)

1 1,35*5
19,5)74
44,717

882,408.

36,398, 1,218,511!
966,922
80,838! 3,(507,(574' 2,836,712
137,883; 1.274,120' 1,276,832

....

1,615,80(5
39,594
5,075,279
791,513
160,(5(56
939.S53
214,794

873,075
3(55,8(54
85)1,4(51
302,4(50
3,867,006 3,074,038
185,419
150,0(53
6(58,728
(5.05,737
2,023,15)8 1,(587,804
75)0,055
710,120
50(5,8(50
29(5,290
879.5)73
583,54 9
1,845). 34 1
1,573,492
13,75)6,24 0 12,81(5.373
311,871
206,29(5
1,800,010 1,497,523
1,856,(558 1,8(53,4 03
8,125),738 7,4 8(5,4 82
5)2,804
12(5.0(5(5
59(5,852
676,729
4 65),725
441,675
1,159,355 1,244,470
9,289,135 8,730,953
'

,033,(500
13,200
81,300
102,235
55,900
71,1(50
150,400
15)0,033
184,043 1,160,135
61,5)9(5
55,721 2,065,243 1,987,946
15,243
13,178
37,877
38,505)
305),278
305,1*37
21(5,910
188,023 1,512,013 1,337,935
22,5(59
18,850
31 1,4 82
1(50,(573
50,308
58.633 2,027,543
1,847,137
35,105
32,35)1
1,530,601
1,106,806
4,1)11
5,240
192.717
174,149
108.069
92,580
672,378
577,985
8,8(52
7,44(5
231,038
220,389
4,123
2,55)4
47,231
35),161
1,597,243 1,354,698
17,497
18,65X5
183,15)7
157,300
21,654
5 83,(564
22,147
505,538
67,127
61,453 2,670,775) 2,483,843
55,927
51,005
328,215
300,723
20,423
15), 089
771,716
659,613
337,880
310,040 12,240,505) 10,655,385
46,854
45,308 1,7(56,05)5 1,433,420
109.781
73.354
1,401,282 1,1(50,555
'

70,900
18.200
9,200

Rieh.APetersbg. August....

19,1311
317,025;

..

33,64 2 j

23,2601
81,780|

j

St.L. Ark. A Tex. 2d wk Oct.
St.L. A San Fran. 2d wk Oct.
St. Paul A Duluth 2d wk Oct.
St.P.Min. A Man. SeptembT.
Scioto Valley
I August. ...
Seab’rd A Roan j August.
Shenandoah Val SeptembT.
South Carolina.. August....
So. Pacilic Co.—

133,579!
45,287!

847,8(H)'
78,585

44,599!

...

Gal.Mar.A8.A. August....
Loiiis’a West.. August....
Morgan’sLAT. August....

N. Y. T. A Mex. August....
Tex. A N. Orl..|August....
Atlan’c system August....
Pacific system August..
Total of all’..'August.
.

...

StatenIs.Rap.Tr SeptembT.
Texas A Pacific.'SeptembT
Tol.A.A.A N.M’h 2d wk Oct.

Tol. A Ohio Cent. 2d wk Oct.
Tol. P. A West..ilst wk Oct
Union Pacific ...JAugust.

Valley of Ohio.. SeptembT.

Wal>. Western... 2d wk Oct.
Wah., E. of Miss July

jWest Jersey

Wil. Col. A Aug
Wheeling A L. E.
Wisconsin (VntT
Chic. Wis. A M.
Min. Bt.C. A W.
Peiiokee IT...
Wis. A Minn..

August.
'August.
2d
2d
2d
2d
2d
2d

wk
wk
wk
wk
wk
wk

...

...

Oct.
Oct.
Oct
Oct.
Oct.
Oct

365,397
1(53,800
61,3X0
41,846
60,3(56
16.3(H)

151,200
69,600
45,300

Rome W. A Og .J August.
St.L.AltonAT.IL 3d wk Sept
Branches
!2d wk Oct.

-

5,287

4,570

'

15,254,568
3,471,052

4,220,267

3,277,05)5

1(5,778
41,742
17,475)

48,860
0,291
4,501
7,432
5,727
0,963

0

o

691,132
950,999
939,678
7,583,954 6,634,220
7,132,846 6,491,405
323,503
312,628
3,281,077 3,025,285
682,777
580,350
1,366,362 1,186,030
358,175
331,201
4,782,572 4,237,494
1,696,504 1,241,258
1,613,351
17,826,011 16,602,275
1,571,085 1,360,365
293,334
18,667,854 18,4*54,210

42(5.(578

19,3(59
24,505
51,545
92.435

$

1,013,091
334,503
32,071,
310.178
262,388
Mobile A Ohio
230,7141 174,35(5: 1,714,596! 1,448,244
Nash. Oh. A St.L. {SeptembT
270,147
223,311! 2,255,785' 1,743,856
N.Y. ('em AII.R. SeptembT.
3,400,481 3,058,54s 2(5,237,725 23,629,760
N.Y. City A No
j\Vk. Oct. 8
11,358
4 11,(561
12,173:
419,243
(N.Y. L. E. A W August...
1,769,759 1.659,120. 13,06 1.888 11,775),098
N.Y. Penn.A O.'August
(504,288
577,317 3,5X50,721 j 3,95)2.(5(56
N.Y. A New Eng.'August
393,854
379,543 2,(55)1,009: 2,515,873
N.Y. < bit. A \Y... 2d wk Oct
31,024
2(5,98 1 1,217, 128 1,065,830
N. Y. Phil.ANorf. August
40,2(57!
3 ! (5.033]
32,369;
281,3(55
N.Y. Si is. A \V...!Scptcm!>T*.
131,023' 102,S 1 7
99". 163;
75)9,25)1
Norfolk A West
113,318
|2<l
wk Oct
90,(574 3.1 88,435). 2,16(5,147
N’thcastrn (S.C.) August
32,373
3 15,19(5!
29,785!
34(5,(550
Non hern (‘entT. ‘August
(508,(528! 502.027 !,22(5,557; 3,533,889
Northern Pacific 2d wk Oct
350,550 3 1 1,567' 5),5*81,85)5 5),374,459
Ohio A Miss
2d wk Oct.
9 1,8 1(5
97,(518,
3,230,563! 3,030,5)70
Ohio River
1st wk Oct
1 1,805!
5,21
225,5)73'
143,85)1
Ohio Southern
SeptembT.
52,882:
53,1011
41 1,185)
360,5)43
Omaha A St. L.. August....
33,872!
32,071 j
Oregon Imp. Co. August.
428,193! 317,015; 2,(508.<)88 1,8*58,17*2
Orcg. R. A N. Co August.
422,776
4(50,081 3,10 1,059 3,213,275
Pennsylvania.
August.
5,022,012 4,585,390 3(5,0 17,106 32,15)2,231
Peoria Dec.AEv. 2d wk Oct.
17.017!
668,088
19,057j
625),255
Petersburg
August....
27,589<
25,8371
237,15)5)
215,057
Phi la. A Erie...
August.
381,051; 319,5211 2,632,128 2,340,728
tPliila. A Read’g. August. ...,2,055,764
1,801,207 14,034,919 12,3(50,227
Coal A Iron Co. August.
1,979,71(5 L,501,421 11,101,201 9,229,660
Pitt.s. A West’rn 2d wk Oct.
45,217
38,730; 1,545,726 1,15*7,231
PTt Royal A Aug. August....
15,994;
21,408;
202,428
195,450
Pres. A Ariz.Cen. August. ...
Rich. Ter. Co.— |
Riclun. A Dan. SeptembT.
471,800'

3,658,358

...

1886.

I
43,4951
$

21.090

.

104,493 1,302,592
1,162,095
1,4(51,157 13,593,387 11,047,586
92,574
785,962
723,275
44,707 2,034,483
ll35,792

53,400
32,031
74,845
13,885
15,135

Latest Date,

1887.

*
i
3,090.

....

$

to

XLV

..

Earnings to Latest Dates.— The

ings and the totals from Jan.




.

Jan. 1

1886.

$
6,611
25,440
43,848;
94,500;
129,736!
73,4641
21,183!

2d wk Oct.
1st wk Oct
2d wk Oct.

*

of Railroads and other Companies.

It is published
the last Saturday of every other
month—viz., January,
March, May, July, September and November, and is fur¬
nished without extra charge to all regular subscribers
of the
Chronicle.
Extra copies are sold to subscribers of the

1887.

SeptembT.

Mar.Hough. AO.
Memphis AChas.

The Investors' Supplement contains a
complete exhibit of
the Funded Debt of States and Cities and
of the Siocks and
on

Earnings Reported.

ROADS.

AND

Bonds

[VOL.

94,000.

7.9(H);

17,337

307,972;

29,106;

21,(527!

40,229

11(5,193;
48,985)

819,795);
(59,745)

3,102,983
1.191,877
56 4,347

357,689
519,746
92,300
47,316
152,221
2,020,601
981,002
712,175
1,871,228
4,(510,303;
1,2(57,94 6
5,(508,1871
501,930

34,205)1

76,525

280,064'

231.85(5

13,8251.
5),(5(55 •
8.923
(5,15)5

.

533,331
672,315

694,181

i

2,090,1(51
82,484.j
54,723
534.5)00
335),(562 j 305).083 2,579,0(55)
15,735!
1 1,475)
107,75)8
121,054;
7(5,6 14'
807.5)28
838,91)5)' 68(5,785 (5,120,157
2,(599,1 1(5 2,120,825 1(5,757,5)52
3,538,1 15 2,807.01 1 22,878,107
92,34 5 j
(587,205
90,0(57;
551,047] 568,567 4.006,(5(5(5
14,605);
7,749
397,821
23,861!
20,753
75)8/205
22,2 tO
20.802
65)9,1 04
2,53(5,55)9 2 5s7,731 1 S,< 157,863
55),(512
57,5)3 1
175,0 10
134,832
132,043 5.090.(579
(538,5755
583,801
3.0S!>,3<)4
231,0(50
4 5),221 !
15,274
4 8,732

29,487

138,912
1,802,891
874,010
586,500
1,272,387
3,624,674
1,180,77»
4,96(5,607
425,709

<548,4*73

85,221;

86,720.

2,872,382,
1,136,650
539,OOC
414,241
392,7(56
84,200

1,701,771
411,990

2,555),050
92,820

625,027
5,35)0,658
14,85)2,515
20,283,174
63(5,5)00
3,5X58,229
271,713
612,185
660,408
16,312,2(56
431,081

4,28(5,053
3,55)5,899

217.918
1 1,04 I
1 2,097
31,113
(5.370
8,4‘H

574,252
1,623,2 10

5580,785

214,480

1,626

2551,15(5

1*45.106

1,) >5 1,54 5
1 ! 5.727

9 13.415
4 2 1,883
4 53,217

1,107,5)1 1

49 1,25(5

t

And branches. * Mexican
currency.
rN'of including earnings of N. Y. Penn. A
Ohio.
(Not including Cell, of N. J. in cither
year.

Latest

tiross

Earnings by Wo:>ks.—The latent weekly
earnings in tlie foregoing tabic are separately summed up
below.

*

Tlie returns of earnings con’inue
Aery satisfactory.
For
the second week of October t- e
gain is 11 *?(> per cent on 55
roads, 5 roads reporting a decrease. In tin*
corresponding
week last year the gain was
8 per cent on 5-1 roads, with a
decrease on 10 of the roads.
2d tceek of October.

1887.

Atlantic A Pacific
Buffalo N. Y A Pliila
Buffalo Roeh. A Pittsburg.
Cairo Vincennes A Chic
California Southern
Canadian Pacific

Chicago A Allantic
Chicago A East Illinois...
Chicago A Ind. Coal
< hicago Mil.
A>t. Paul.
Chicago'A West Midi
Cincinnati Ind. St. L. AC.
Cincinnati Rich. A Ft. W.
Cincinnati Wash. A Balt..
Cleveland A Marietta
Col. A Cin. Midland
Denver A Rio Grande
Denver. A Rio Grande W..
Detroit Lana. A North
Detroit Mack. A Manx
Evansville A Ind
Evansville A Terre II
...

fj?
(50,755
01,800
4 0,582
18,014
25,297
2855,000

47,85X5
47,08(5
1 1,056
6 155,000

30,(558
55,1 7(5
8,54(5
48,552

7,0557
7,102
164,000
29,075

1 80(5.
,8
4 1.707

555,4 00
552,055 1
155,8 8 5
15,1555
2558.01 ><>
559,007
42.5552
4.2 1 1
631.221
28,255!)
57,100
8,55*25)
42,85X5
5.2-w
(5.875)
1 <5*3,25)1

25,175

22,45X5

2 1,505

15,699
4,438

9,5 15
4.570
16,778

17,3(52

Increase.

Decrease.

8

$

10,048
8, 10O
S.55 1

1,129
10,1(52
45.000
8,sS‘>
4.554
<5,812
1 1,77(5
2, 1 1!)
•

tt

B f

_

.

•

1,924
217

5,(55(5
1,750
223

1,705.

3,5)00

....

2,009
6,15!

.

132
584

•

••

October
2d week

22, 1887.]

Marquette ..
Florida R’way A Nnv. Co.

Flint. A Fere

Irnl
Indiana Bloom. A: West
Kingston A: Pembroke ..
!
Lake Erie & Western
Long Island
|
Louisv. Evunsv. A St. L.,.|
liouisville A Nashville ...
Lois vi lie N. Alb. A (.'hie . j

Grand Rapids A

Louisv. N. O.

4,123 i

2,594
35),101

(57,127'
20,123;

01.153
19,089

5,074j

310,040

27,810;

55,721 S

80,838!

9

02,705
1 1,2101

■

|
Ohio A Mississippi
Peoria Decatur A Ey.-mcw.;
Pittsburg A Western
?t. L. Alt. AT. II. breiis ..!

j

St. Louis Ark. A Texas...:
St. Louis vV San Eran
!
St. Paul A Duluth

j

Toledo Ann A. A No. M ieh.,
Toledo A: ()hio (Vnt l al .. j
Wabash Western
I
Wheeling A Lake Erie ... i
Wiseon-in ( Vntral
j
Chicago Wi-. A Minn.
Minnesota St. •
w ’A'...!
Wisconsin A Minnesota ;
Total (55 road O

5,287

4
1

1,(509

12,(597,
31,113
0.370
S, 101

0,195

4,020

1,5(59

3,8I>3,388

3,129,998

413.197

1.174!

I

I

_

4

(1 1 '7b p. c.i I

The iin il statum *nfc

for the first

the exhibit

gain of 11*93 pur cent,

!

-

week of ()<-t ,f,cr.

9,807

ITcv’lvreport’d CM roads)
Atlantic A ParishBurl. Cellar R. A North. .
..

Cin. Jackson A Mack
Cm. N. O. A Texas Pac...
Alabama (it. Southern

Orleans A X. E ...
Vicksburg A Meridian..
Vicksburg Shrew A Pac.
Cleveland Akron A Col. .
Denver A R. Grand West
East. Tenn. Yu. A Ga .
..
Florida R’Avav A Nav. Co
Fort Worth «v Denv. Cit\
Georgia Pacific
Grand Trunk of Canada..
Kan. Citv Ft. S. A Gulf...
Kan. Citv Spr. A Mein
Kan. Citv (*1 in. A Spr
Little Rock A Memphis...
•Louisv. Evansv. A Sr. L .
Louisv. N. O. A Tc\
.

13,157!
07,7015'
30,05(5'

8,7(53
63,(559
2 1,10(5
11,520
9,599
1 1,107
11,34 8
19,075
92,435

12,862!
15.11 1
1 1,4 1(5
23,200

21,(5 ls«

39(5,025!

roads)
-93

p.

1S85-86.

1836-87.

357,600

#
338,977

#
4 "*3,190

202,320

202.320

213.617
142,500

1 8,058
1 1,395

19,974
380,079

4,(574
10,510

387,297
202,520

Dividends
Miscellaneous

150,040

....

2,71 t

4.91 1
21 ,(55 1
2 ! .252

49,077

31,00O

43.813
252.990
.52.07(5

3(5,398
200,700
48,939

3 8,677
7.4 50
4(5,200

22,2 10

20,802

5,((2 i ,339

4,188,991

....

1887.

K.Tenn. Va. A Ga

EARNINGS ANI)

45,938

whose fiscal

305.313
39,99 l

2,34 1,958

49,980

454,274

9,7(50

1 1(5.781

Net..

59.353
15.80 1
22.74*5
7,1 72

Mexican National..(• ross

#
139.793

1 17.573

J 1,136

17,723

Net.

Chic. A Gr. Tr

< i ross
Net

Did.Gr.lLi. AMil.Gr>»-s

-

$

1

Net

.

1 887.

!

#

Ronds.
Clue. St. L. A Pitts.Gross
Net..

5 1 8, | 8(5

157,4 15

.

270.1 1 3

Nash. Chut. A St. L..Gross

121,101

Net..

157.779
3(5.224

10,016
#

'cjj'c nbcr.

.

70!),.528

2 1.8(50

#
1.14 1.38 1

144,080
f—Jan. 1 to
1887.

\

1,646,201
5,135,030

2,587,223
7(»( >, 1

85

1887.
*

Chicago A Alton

<;ro^s
.Net

8

.

.

.

Yt

u:

17,(5 11
033

Net

.

/

E. Tenn. Ya. A Cl a.. Gross




Net

.

221,907

Sept. 30.^
1886.

1,105,712

535,102

2.255,78(5
1,017,156

1,713,857

*

3,471,052
(596.4 17

31.—
r-Jan. 1 < o Julg
is80.
1.887.
#

1886.
#
71 5,1 (56

4,782,572
2,052,212

312,300

S?/it s tuberNash. C’aat. A St. L Gross.

1,138.949

223.312
8(5,8 10

RKiitNN'tNG JULY

1-87.
#
270.1 5 8

4(5,155
#

4,220.267

Jtihj,
?.

2.167,888
(513,457
395,731
76,793
1(52,220

1886,
#
4(53, .505
133,217

#

*
4.237,4!) 1

1,732,(561

1
r-Jutj l to Sep!. 30 1886.
1-07.

—-v

18-6.

#

SOL,506
375,133

223.312
8(5,8 10

1887.

1886.

#
4 4 1,798

$
364,811

121,383

128,565

Kents

Miscellaneous sources
Total

^

#

663,051
279,222

/—Jnhi I to Ana. 31.—
1886.
1887.
#
$
695.857
86(5,013

279,556

245,182

16,1 12

26,254

#90,454
81 *3 t

#144,899

#
25,11(5
240,000

#6.000
72,92#
240,000

394,356

of operating expenses.

Payments

376,586
11.100
8,269

.' #ls i,si2

Net revenue.

Per cent

1886-87.

#125,965

~#5GT,317

Operating expenses

chargeable against revenue:

Interest on prior lien bonds.
Interest on lirst mortgage bonds
Interest on floating indebtedness
Interest on ear trusts

4

19,4 It
74 22

Cr. 14S

7,930
I 3,927
15,790
Special expenditures
11,097
"#332,7(53
#299,935
Total
#187,304
Net deficit.*
T
#209,481
In comparison with the previous year the gross earnings
show an increase of $79,506, or 16 40 percent.
The operating
expenses show an increase of $25,061, or 0*33 per cent.
The
net revenue shows an increase of $54,445, or 6019 per c<mt.
count of capital
During the jear the expenditures for
were

$108,792.

“In

February last

prior lien mortgage
$323,000, was sold, netting

the balance of the

bonds in the treasury, namely,
about par to this company.
pursuance

with the nrrmge$1,430,000
of
third mortgage and land grant bonds; fhe necessary docu¬
ments have also been settled for exchanging the $1,931,000 of
income bonds held by the English company, against $965,500
of third mortgage aud land grant bonds.”
It was voted hv more than a three-fourths vote that the cap¬
ital stock be reduced from $3,000,000 to $1,050,000, an l that
to effect this purpo-e Frank S. Bond, trustee, should transfer
to the company 13,500 shares of the stuck now standing in his
as trustee, the said stock so transferred to be canceled.
In

with George O. Waddill and associates,
of income bon Is and $1,397,000 of common stock bonds have
! een exchanged up to June 30th, 18s7, against $1,064,250
nn

nt made

name

UNITED STATES

LAND GRANT.

e

S

121,401
.1 Uf/USt.

$117,335
32(5,287
9.305
5,3(5,8
1(5,92 1
9.592

Taxes

JANUARY l.
r—Jan. 1 to A up. 31
"(just.
v
1836.
1887.
1886.

33 1.161
10 1.032

1885-80.

Express service

.

.

INCOME ACCOUNT.)

Earn ings from—
Passengers
Freight.
Mail service

—

.

Cr. Tr. of Cana.la.. Oma

old line east from
the past fiscal year.

road is $555,388.

of the

j

and 1859.

miles of light work, which will be done by
the company’s forces, to complete the raising of grade between
Delta and Monroe.
The cost of the work still to be done is
estimated at about $8 COO. The total cost of raising the grad#

........

#

-

the track in 1858

rnly about nine

329
493

#
* '
.2,007.807 1.971.599 15,017.854
5.109,829
795,391
751.380
3,250,8(57
1
3(51.81
4
11.793
i«» -s
838,827
128,5(55
121,333
Net..

7t* wufs.
Chic. Mil. A 81. P...(iress
Net..

river at Delta, 123 miles are laid
and 48 miles with iron rails, of
the old chair pattern that wer«

finished and there remains

8,325

REG INNING

A

Railroad.

Shreveport & Pacific

The work of raising the grade of the
Monroe has been proceeded with during
All the contract work has been

Monthly to Latest Dates.—The tables follow¬
ing show the net eaniiags to latest dates reported, the returns
for each road being published here as soon as received, hut not
kept standing fivm month to month. The first table 1,
includes
1887,
tiud from January

,

366,211
36,9.9

Shreveport and the

put into
........

Net Earnings

VI-.AK

66,657

with 60 pound steel rails,
which there are 46 miles of

535,3 18

all roads' f. r the late st month
the other tabbs show ing those roads se parately
than January 1.
years begin at other * ates

322,320

262,320
95,230

“

between

3,087
1,4 3-3 j

<•.)•

10,094

it

(For the year ending June 30, 1887J
The annual report of this company, belonging to the
Erlangur ” system, has ju-t boen issued.
The main line of railway extends from DdtR, on the west
bank of the Mississippi River opposite Vicksburg, west war dly
through Monroe and Shreveport, to a point on the western
boundary of the S at • of Louisiana b >rdering Texas, where
connection is made w h theT^x s & Pacific. Total length of
main track ard extension, 188 miles.
Of the main track

74

5 81,2S({

(-°o' 60,009 (4%) 120,040 (43i%)

34,777

Vicksburg

ACCOUNT.

#

352,520

Balance, surplus

5

1884-85.

#

Disbursements —
Interest on debt

........

•

32,391
5,2 10
22,1 17
2 1.17-8

48-44
INCOME

Net earnings

4,125

!

Net increase (1 1

403.190
51*52

98

3-plO-V

Duluth
Toledo Peoria A Western..

49-10

3,2(53
4,30 4

58,(533

St. Paul A

388,977

-25

734

4,047
5,950
1,945

50,308

..

357,(00

4.391

39,133
4,979
10,320

131.573
23.037'
2 1.7 1 5

Memphis A ('harlc<L>n . ..
Rich. A I). (A leaded lines).

Total (7(5

2,312

74.8 15

13. 165!

New

387,297

#
36,057

#

l!

71.11

Net earnings
P.c. op. exp.to earns.

Decrease.

395,551

831.771
428.581

365,810

embracing 70 roads.

#
$
i
3..»(»(!,32.»' 3,20(5,831
39,1 19
•1 1,131:

494,786
138.284

11^,101
375, lhO

Total disbursem’ts.

Increase.

445,931
764,157

week of October makes a
1886.

If 8,701

361,223

03,390'

'

f 0Y122

713.823

Receipts—

7,159

3,-29

$

192,150
408,742
117,931

753.107

1883-84.

17,(519

156

Tot. gross earnings.
Oper. exp. and taxes.

2,7-89!
2,577|

9, (5(55*

1

3,702

3,1081

132,0 13'

15.274
-IS 732

Mail, express, Ac

1,033
4 1,557!
17,38(5!

"fi.SfiOi

431,718
114,566

Freight

2,010

*0,4 87

20,753:

23,'sfll
13 1,832*

208.823

1386-87.

#

$

#

Passenger

1835-86.
146

1884-85.
146

146

operated.

Earnim/s—

"

38,730
2 1,027:
-10.2291 1(5.193
4 8,989
7.749

133,579

Total miles

2,772

91,84(5:
19,057;

1,780

S

FISCAL RESULTS.

1883-84.

5,983

l,->(>71

34

350,550
97,018
1 7,<) 17 i
45.217
23,200

icle:

22,0411

90,074!

the sta¬

length below. The President, M>. D. J.
Mackey, makes no report ; the Gineral Manager remarks that
the construct?on account was increased during the year by the
sum of |63,069.
The gross earning were the largest ever
made, freight earnings increasing $48,8i5.
The following statistics have bsen prepared for the Chron¬

4,040

20,984!

1.13,318;

(For the year ending Aug. 31, 1887^.
of this company is just out, and

1,510;
17,750:
4.350
13,002
10.759,
0,973

42,351
21,090

Haute Railroad.

The annual report
tistics are given at

1,3341

4 5,303

25,440
1,500.
73,4(54
21,1 83
31,021

Marquette-Hough. A Out.
Central
j
Milwaukee L. Sh. A West.
Milwaukee A Northern...;
New York Out. A West ..

lid

44.717i

10,854
00.101:

Evansville & Terre

2,778
2,005
0,275
1,529
8,070

47,382,

337.830

Mexican

Net increase

‘JO, 257!

17,4791

47,231'

A Tex

Norfolk A Western.
Northern Paeiiic .

41,742j

$

$
9,402

$

#

51.141

ANNUAL REPORTS.

Deereast.

Increase.

1880.

1887.

of October.

537 1

CHRONICLE.

THE

The acreage
1 859, is
The acreage

of lands covered

by the certified

sold is
unsold
The acreage of land selected by the State of
certified lists have not yet been delivered
Balance

Total acreage...

lists issued in .Tune,
-

A err*.
353,212
25,112

328,10#

Louisiana, for which
to the company, is.. 20,652

348,752

Brooklyn Elevated Railroad.—In its rtcent

Pullman’s Palace Car Company.

July 31, 1887.)

(For the year ending

statistics only. From
gathered
the

The report of this company gives
the remarks made at the annual meeting it is
that during the year ending July 81 contracts for
..opera¬
tion of the cars ( f this company were concluded with seven

the New York Stock Exchange for the
second mortgage bonds, the company
statement of its assets and liabilities as

railway companies, including the Wisconsin Central, Colorado
Midland and St. Louis Arkansas & Texas railways.
Re¬
newals of contracts were

made with six railway

[Vol. XLV.

CHRONICLE

THE

538

Assets.
Cost of road equip’t and
real estate
Supplies on hand —

by companies
individuals
Cash on hand
Sundries
Pro lit and loss

Due

companies,

including the Missouri Pacific, Chicago & Grand Trunk aod
Grand Trunk railways. The mileage added to the system

and

application to

listing of its first and

made the following

of September 5, 1887:
Liabilities.

Capital stock.

$9,697,284
23,317

Ftinded debt
Accru’d intT’st on fund¬
ed debt
Due for supplies

$5,000,000

4,750,000

..

99,965

.

12,659
73,542
-1,557

Due on open

accounts...

■

1,211
1,251
3,515

Sundries

47,583

$9,855,942
$9,855,942
8,804, making the present mileage 81,848. The additions to
Buffalo Rochester & ritishurg.—The stockholders of this
the manufacturing plant during the year, which include pur¬
company will meet on November 1 to consider the directors’
chase and imj rovement of the Bowers, Dure & Co shops at
recommendation to issue $10,090,000 of bonds, of which
Wilmington, Del., new repair shops and houses at Pullman,
$6,000,000 shall be reserved to take up the present outstand-r
and additions at Detroit and So. Louis, amounted to $459,265.
iug indebtedness and the remaining $4,000,000^ be issued for
The number of cars now being constructed to meet the re¬
extensions, improvements, rolling stock, etc.
quirements of the new contracts and the increased business of
Central Iowa.—Rec iver Dudley of the Central Iowa Railthe other lines is 122, at an estimated cost of $1,760,000.
To roid
has submitted the following report for the months of
provide the capital required to meet the cost of the additional
June,
July and August. On June 1 he had $32,735 on hand.
equipment and for further extensions in the near future, io
He
received
in June $121,265 and disburse! $71,627, In July
was iec< mmended that authority be given the directors to
In August he
issue additional stock, in their discretion, not to exceed 25 per he receive 1 $119,923 and disbursed $125,490.
cent of the capital, such new stock, when issued, to be offered received $144,843 and paid out $186,156, leaving a cash bal¬
ance on hand August 31 of $26,503.
to the stockholdeis at par in proportion to their holdings. Res¬
—An application was made at D s Moines before the full
olutions in accordance with the above recommendations weie
bench of the United States Circuit Court by the Elijah Smith
pfissed.
The income account and balance sheet for the past three committee of the main line bondholders to set aside the de¬
cree of sale and put the road into the hands of a committee of
years have been compiled for the Chronicle as follows :
bondholders. The application was denied and the sale ordered
INCOME ACCOUNT.
1884-85.
1885 86.
1896-87 to take place on Nov. 9.
Revenue—
Earnings (leased lines included)
$4,946,151 $5,075,383 $5,621,018
Chicago Havana & Western.—At Decatur, III.. October 12,
Patent royalties, manuf. protits, Ac..
548,129
819,014 there was filed for record a mortgage for $2,500,000, given on
667,477
Total revenue
5,613,628 5,623,512 6,410,932 the property of the Chicago Havana & Western Railway, ex¬
Disbursementis—
tending from Champaign to Decatur and from Wbiteheath to
Operating expenses, including legal,
Havana, in favor of E. T. H. Gibson, of New York, and A. T.
general, taxes and insurance (leased
Hackstaff,
of New Jersey, as trustees.
2,224,807
1,949,655
2,057,627
lines included)
Paid other sleeping car associations
Chicago
St. Louis & Pittsburg.—The gross and net earn¬
802,176
-708,005
969,896
controlled and operated
and
for September, and for the nine months end¬
ings
charges
162,529
66,000
66,000
Rentals of leased lines
168.050
159,150 ing Sept. 30, were as follows :
171,453
Coupon interest on bonds
1,273,962 1,274,028 1,274,176
,
September
/—9 mos.Jan. 1 to Sept. 30—.
Dividends on capital stock
210.018
1886.
1887.
1887.
1887.
Repairs of cais in exce.L8 of mileage..
100,000
109,00)
Gross earnings.
$518,486
$463,505 $4,220,267 $3,471,052
Contingency account
Operating expenses 361,041
2,935,950
330,258
3,114,555
Total disbursements
4,365,604 4,467,881 4,901,047
Net earnings.... $157,445
$133,247
$535,102
$1,105,712
Net result
1,248,024 1,155,631 1.536,885
Charges.
90,938
$99,310
863,013
902,368
BALANCE SHEET JULY 31.
was

.

Assets—
■'Cais and equipments, including
franchises
Car works at Pulln an, Ac

Patents, U. 8. and t\ rekn
Furniture and fixtures

1885.

1886.

1887.

$

$

$

11,480,355
6,584,523

11,436,979
6,632,211

16,963,545

18 ',134

87.238

87,862

101,865

1,446,672

1,507,610

1,637,512

3,578,015

3,777,921

4,180,968

2,755,045

1,8-0,089

27,089

25,020

...

Real (‘state, ear w» rks, Ac., Chic.
St. Loins, Mantua. Detroit. Ac.
Invest* d in other< arassociations
eoiitrolh d and operated
Storks and bonds owned
Car trust loads
Recei\ers’ certificates

6,961,771
91,738
107,137

'

5ii0,013 t

1,51 0,8 13 5
859,oOO

Construction material and operat¬

ing Mipplics, including amount
paid » n ears in process of con¬

struction
Cash an l cull leans
Total assets

Liabilitin—

Capital sto- k...
Bonds outstanding
Rece ved from sale of old < a's
b ased from Ceil ral Trans. Co.
Balance of ennei.t accounts

1,7 71,-25 8
361,721

2,242.205

3,316,7 85

226.402

179,605

28, It 6,426
$

28,794,655

15,925,000
2,220,000

15,927,200
2,220,000

15,927,200

441,371

441.371

441 3 71

1,388,479

1,Oil,535

613,349

8,491.576

9,164,549 +10,592,750

i

9,349,670

$

$

1,775,000

the company,

less written off

28,406,426

Total liabilities

686 ears in 1885 ; 691 in la86 ; 667 in 1 8
1 Written oil—in 1*85, $290,159; in 1886,
923.
*

28,794,655

20,3x9,070

-7.
$182,659; in 1887, $148,-

J $1,100,000 of this amount is embraced in depreciation account,
$340,240 in contingency reserve, and $9,152,510 in income account.

GENERAL

INVESTMENT NEWS

American Cotton Oil Trust.—Mr. J. V. Lewis has resigned
trustee and as president of the trust. The Treasurer issues
notice that the payment of dividends will he suspended for
the present.
The company dec ared 1 per cent quarterly
dividends in advance, and now declines to pay the November
dividend which was thus announced some months ago.

as a

Huston

Lowell.—The veto of the
the Governor of New Hampshire unsettles the

& Maine—Boston &

Hazen bill by

roads to the Boston &
Bo3t.oa & Lowell le se
carrying with it the Boston Concord & Montreal ro id,

proposed least s of New Hampshire
Maine, and apparently prevents the
from
w hich was leased
to
holders.

it, unless by consent of all the stock¬

Boston & Providence.—The Bostoa & Piovi fence road has
beenoffeted a 10 per cent guaranteed dividend on its stock,
and a bonus of $1,000,000, for a long time le se of its line. Pres¬
ident Whitney and a committee of directors have issued a

circular calling for

proxies in suppoit of the project. The
said, be the lessees, and tli9 offer
is equivalent to 25 per cent on

Old Colony people will, it is
of a million dollars bonus

Boston & Providence stock,




sur.$66,507

sur.

$3.3,937 sur.$242,699

def. $367,266

$108,195
Michigan.—Cleveland advices to the
Boston Herald say that Ives and Stayner’s note to President
Wade
of
this road for $300,000,
balance due for a
controlling interest in the stork of the road, matured on
Thursday, and is unpaid. By the terms of the contract pay¬
ments already made ($409,000) are forfeited.
Mr. Wade
retains possession of his stock, and will immediately begin
$136,88.8

Cincinnati Wabash &

suit to enforce the contracts.

& Rio Grande — Missouri Pacific. — A report
St. Louis
Ghbt-Dimierat fi<m Pueblo, Col.,
says : '‘The wo k of laying a third rail on the Denver & Rio
Gtar.de road fro n Pueblo west was commenced on Saturday.
Denver

to

tSurplus invested in ill *,assets of
during the year

Balance.

Contruetion, etc

the

Fully 1,000 men are now at work on the third iail, and it is
expected to have it completed to Glenwood Springs, at a point
jmt reached by the Rio Grande, by the first day of Novem*
tier.
This is in accordance with a traffic contract between the
Missouri Pacific and tiie Rio Grande, an 1 wall let the Missouri
Pacific into tho heart of the mountain country at once and
make it a direct and active competitor of the Atchison Topeka
& Santa Fe Roa<d and its Colorado Midland connection. Gould’s
road is coming towards Pueblo now at the rate of three miles
a day, more than 1,000
men being engaged in track-laying.
The grading is all completed except about five miles, and the
Missouri Pacific expects to reach this city by the 10th of Nov¬
ember, track being laid to a point niuety-five miles east.
Pueblo will be the western terminus of the Missouri Pacific
Road, where shops to cost $1,000,000 will be erected. * * The
Srnta Fe is now running to Denver over its own line, and the
Colorado Midland connects with it at Pueblo, Denver and Col¬
orado Springs ; but the Santa Fe does not connect with the
Rio Grande, hence the latter read is at somewhat of a disad¬
vantage until its ally, the Missouri Pacific, reaches Pueblo.
Lively times in railroad circles are predicted, and this city will
reap the benefit of them.
Over 2,000 men are working on the Colorado extension of
the Denver Texas & Fort Worth road, south from Pueblo,
which will give this city direct connection with the Gulf in
less than a year.”
Evansville & Terre Haute.—At the annual meeting of the
stockholders the old board of directors was re-elected as fol¬
lows : Isaac T. B irr, James T. Woodward, C. C. Baldwin,
Joseph M. DWeau, Jap. Stillman, Heman Clark, John W.
Ellis, T. W. Evans, Bmjamin Russak, W. II. Brown, D. J.
Macke3T, Win. Heilman and F, W. Cook. The directors sub¬
sequently met in New York City aod elected the officers.
Mineral Range.—The coupon due Oct. 1st on the Calumet
It is stated that the road
Extension bonds has not been paid.
is earning monthly about $4,500 net, which is more than suf¬
ficient to meet all its interest obligations, but the new man¬
agement have decided to withhold interest payments until it
can be definitely ascertained what constitutes the company’s
“

October

22, 1887.J

the bonds, instead
equipment, which
issued. In pre¬
senting the proposition that the comp my issue bonds not ex¬
ceeding twelve millions of dollars in the aggregate, the direct¬
int nd to name the extreme amount that in their judg¬
ment will be needed for present and future requirements,
Ohio & Mississippi.—At the annual meeting of Ohio &
Mississippi shareholders held at Cincinnati on the 13th inst.,

stock only to the extent of the interest on
of to the full amount of the expenditures for
must continue to be the case if bonds are not

Ives management, the
stock has been increased from $128,000 to $400,000 and the
funded debt from $198,000 to $648,000. The increase in the
stock and the general mortgage 4 per cent issue of $250,000, it
is claimed, are of doubtful validity and counsel are engaged in
protecting the interests of the company.
Nashville Chattanooga & St. Louis.—The statement for
September and the three months ending September 30 shows
Since

debt.

December, 1885, under the

following:

the

,

,

September.

*

1886.

1887.
'

^-3 mo<?. end
1887.

Sep1886.
30.—.•

$663,054

ors

Messrs Robert Garrett,

$270,1-17

$223,,311
136 ,472

$801,506
426,373

383,832

Net earnings

$121,403

$86,,839
$58, 316

$3 / o j 1 33

$279,222
$175,106

148,714

$01,822
0,774

Interest and taxes

Improvements

3 ,109

$08,590

Total

$52,807
Northern Pacific—Oreg on
Surplus

$61,,425
$25 ,414

$185,516

45,138

17,075

$230,654

$192,181
$87,041

$144,479

Jam

lectt d directors.

following report of

H. Smith and Edwards Whitaker
President Barnard submitted the
s

the company’s

business for the

ending June 30 :
Gross

earnings

Net earnings
Interest on funded

1885-6.

$3,988,433

$3,671,920
2,597,708

$1,337,952
$1,024,716

$1,074,212
$1,020,415

2,650,480

..

debt

Yearly contribution to

Railway & Navigation—Union
pacific —The Northern Pacific Railroad directors met on
Thursday, and it is reported that they withdrew the conditions
to the joint lease of the Oregon Railway & Navigation property
The joint lease was
to which the Union Pacific had objected.
not signed, but the questions about the legal procedure are
understood to be the only ones which have not yet been
settled. The obj> ctionatle restriction withdrawn was that on
the joint haee and guarantee of 6 per cent dividend the loss
of the Northern Pacific Company should be limited to $250,000
year for thrt e years.
—The Boston Advertiser gives a summary of the lease its If
from which the following is condensed :
The Oregon Railway & Navigation Company leases its entire property
to the Oregon Short Line Railway for 99 years from January 1,1887.
The lessee companies are entitled to deduct and retain from any amounts
becoming due under the lease any sum of money which they maybe
obliged to pay for protecting their rights under the lease. The Oregon
Company agrees to deliver the residue of the consolidated bonds which it
is
or may be hereafter entitled to issue to the Farmers’Loan &
Trust Company, to be used in taking up the outstanding debenture
bonds and cover such premiums as may be necessary to effect the ex¬
change, to pay the Oregon Company for certain unincumbered properties,
and for the use of the Bhort Line as follows: To pay for the construction
of branch roads of the Oregon Company to an amount not exceeding
$25,000 per mile; to provide for the construction of other branches,
feeders to the old lines, or purchase ol lines already constructed, subject
approval by the directors of the Oregon Company; and to provide for
the construction of a bridge across the Willamette River at Portland. And
the Navigation Company agrees to construct, at the request of the Bhort
Line Company, any and all branch railroads contemplated in its original
supplementary articles of incorporation; said branch lines to become
part of the system of the Oregon Company, subject to this lease and
and condition thereof, and to be consolidated as soon as practicable

fiscal year

1886-7.

Operating expenses

a

sinking fund

53,000

58,000

$1,082,716
sur.

Balance

$255,236

.

$1,079,415

def. $5,203

that

Oregon Trans-Continental.—The Boston Herald says
prir cipal change since the last published
February, is in the amount of Oregon Railway
gation and Northern Pacific stocks held. Some 22,000
G. R. & N. were sold and 1,000 or more bough hack, and some
67,000 shares of Northern Pacific w^ere bought,
being preferred aDd the rest common. On this
ing assets stand approximately as follows at the
market prices :
118,413 shares O. R. &N. at 80
$9,473,04062,330 shares N. P. preferred at 44
2,742,520
140,751 shares N. P. common at 20
2,815,020

statement in
& Navi¬
shares of
about 5,500
basis the lead¬
recent low

the

now

,

re-:

wTer -)

earnings
Operating expenses

Gross

539

THE CHRONICLE.

to

or
a

terms

with the Oregon Company.
The considerations on the part
ments during tlie existence of

of the Bhort Line are the following pay¬
the lease: $1,440,000 (15 per cent on the

quarterly amounts beginning on the
which shall accrue
bonds. The amounts
in the lirst mortgage. The
and consolidated
builds, not including $0,<(<)<),<!<>(> of the latter held by the Farmers’ Loan
A: Trust Company to secure the payment, of the lirst mortgage bonds.
A
not to exceed $15,coo per annum, to defray the cost of maintain¬
ing the organization. smell amounts as may heroine due under existing
coutraet
with the Northern Pacific Terminal. Western Union Telegraph,
Pullman Car and N. P. Railroad companies,
lhit the Short Line is
expressly relieved of any liability by reason of any obligations of the
Navigation Company to the Oregonian Company, limited, by reason of
the sails instituted h\ spencer Krwin and others.
The guarantee of the Cnion Pacific is in these words: “The Union Com¬
pany (as it is technically termed throughout the instrument) hereby cove¬
nants and agrees to, find with the said Oregon (the Navigation) Com¬
pany, that it, the said Union Company will and shall, and hereby does,
guarantee the prompt and faithful performance of each and ;»11 tin* .cove¬
s herein contained on lie art of the suidUhort Lii e
nants and agreen e
Company, to be kept and performed; and the >aut Short Line Company
shall he liable to said Union (’ompany for any and all payments made by
the latter under the terms,heivof, over and above the- amount which the
said Bhort Line Company would otherwise be entitled to receive from the

capital stock) per annum in equal
20th day of March, 1 ss7. The amount of interest
from time to
time on the first mortgage
required for a sinking fund as provided
amount of interest a-s it becomes due on tin* debenture

$15,030,580
has
lot.
Improvement was worth 42 in January, and
lot. The 13,514 shares of Wisconsin
Central, worth 23 in January, is now 16, or $216,224 for the lot. Oregon
Improvement notes of $518,000 are good to-day. The $112,000 Mexican
Central 7s are worth more to-day than in January, or $86,000. The
$25,000 Mexican Central incomes are also increased in value to $4,500.
Then there are 1,050 shares of Central & South American Telegraph
stock, $500,000 worth, more or less, of St. Paul & Northern Pacific stock,
and
lot of miscellaneous securities of uncertain value, say $800,000 to
$1,000,000. Call it the former, and leave out claims of $3,000,000 unli¬
quidated and the assets foot $17,546,220. The debt may have been
reduced
little by application of O. R. A- N. dividends, but is about
$7,200,000, which deducted from the assets leaves $10,340,220. This
dividend among the 397,000 shares of O. A T. stock outstanding equals
little
26 per share. The estimate in the statement published in
February was about 39 per share. Wliat the lending assets would sell at
voluntary or forced liquidation none can say. The above estimate
is believed to be a lair one as values stand to-day.
ri the computation is
faulty, space is at the service of any one who can improve upon it.’’
Pemberton <fe Hightslown.—The hoi ’era of t lie stock and
bonds of the Pemberton & Hightstovvn Railroad Company
not all of them pleased at the aotien of the Pennsylvania
Total

shares of O. & T. stock, whose price
and is now 16, or $48,000 for the

“To this may be added 3,000
been cut in halves since January,
The 9,268 shares of Oregon
is now 37, or $342,916 for the

a

a

over

a

on a

are

Railroad Company, the less >es of the roid, in
that, in accordance with its rights derived
the United Companies, it will exercise its
Pemberton & Hig-htstown Railroad at i s cost.
November n^xt the sum of $502,150,

notifying them

under the lease of
option to buy the
On the 1st of
representing 6,843 shares
of caj ital etock, of the par value of $50 each, and $160,000 of
first mortgage 7 par cent bonds, wifi b3 tendered to the hold¬
ers, together with interest due at that time.
Philadelphia & Fending.—The reading reconstruction
trustees unanimous1}' ratified the terms of settlement agreed
upon by Pi evident Corbin and W. II Kemble, as a represen¬
This
tative of the holders of the unassented first series fives.
removes the Pst serious obstacle to reorganiz uion without
foreclosure, and a speedy reconstruction will follow.
The
same
terms
made
with
these
of
1st
con¬
of
settlement
holders
said Union Company.”
solidated fives are offered in good faith to all holders who had
Ia or<l r to provide against the do ubt as to the power of the
Union Pacific to enter into and bind itself by the guarantee deposited their bonds previously, if they present their certifi¬
cates by Oct. 25.
These term* were as follows: 1. Pay an
aforesaid, it is agreed that for the term of 10 years from
assessment of 10 per cent upm the par of their bonds, for
January 1, 1887, the premises devised shall be managed and which
they will receive first preference income mortgage
controlled in the interest of all the parties by a joint manager,
bonds.
2. Deposit all unpaid coupons, together with that
and Thomas J. Potter is appointed such manager for the term
maturing
Nov. 1, 1887, for which they will receive second
of three years from July 1, 1887. Within that period it is
income mortgage bonds. 3. Present the bonds
preference
expected that the legal righ’s of the U. P. in this respect will to be stamped
with an agreement making the same payable at
be determined.
the option of the company at par and interest on the expira¬
—President Harris has issued a circular stating that it is
tion of ten dayB’ notice by advertisement in the Public Ledger
very important to the preferred stockhol lers that they vote at in the
city of Philadelphia, after which interest thereon will
the
eting to be held November 3, 1887, for the proposition
cease.
that the company may issue its bonds to such amounts, not
Of the $117,000,000 of Reading securities, $116,127,776
exce<ding $12,000,000, as shall be necessary. He says: The have assented to the reorganization plan, and, including the
necessity for the issue of additional bonds at this time is chiefly securities of the Schuylkill Navigation and the Susquehanna
to provide for the payment of the d vidend certificate s,
Canal Company, the deposits amount to $128,310,000, out of a
$4,640,821, due January 1, 1888. The net earrings that total issue of $133,564,000, leaving less than 4 per cent out¬
belonged to the preferred stockholders up to June 30, 1882,
had hren expended in constiuction, and
the dividend standing.
Much has been printed as to the annual charges of the com¬
certificates
therefore were
issued to the preferred
stockholders
There is no othar way to pay the certifi¬ pany after reorganization, but precise figures can not be given
sum.

-

m»

by the issue cf bonds.
All future
earnings will b- long to the stockholders, and must be

cates

than

net

divided
there

In the three years end ng June 30, 1887,
has been experded for < quipment $514,526 Unless the company
issue bonds to pay for this (quipment, and for the additional
equipment that the growth of traffic will make necessary,
uaust be paid for cut of the net earnings, and dividends to
preferred stockholders will he correspondingly postponed. The
interest on the dividend certificates is aln ady a fixed charge

amor-g them.

it
the

prior to the
for

preferred stock.

The issue of the bonds to pay
charge ahead of the preferred

equipment will impose a




until the details are

known as to

the methods which will

b©

(including
of the
placed at
rentals and

But no estimates place the total changes
full interest on the first, second and third preferred bonds)
higher than abcut $10,000,000, while the net earnings
present fiscal ‘ year ending Nov. 30 are confidently
$13,000,000. The obligatory fixed charges for
interest will b° under $7,000,000.
The trustees unanimously adopted the following resolutions:
Resolved, That in the judgment of this hoard security holders snfllcien
in amount have accepted the provisions of the plan to warrant them in
carrying out the same and enable them to do so without foreclosure, and.

adopted.

THE CHRONICLE.

510

fche agreement is therefore hereby declared operative and binding upon
ail the parties who have deposited securities thereunder.
Resolved, That in order to effect a reorganization of the Philadelphia
£. Reading Railroad Company and of the Coal A Iron Company without

1

[Vol. XLV,

Reports and Sujcwraents.

foreclosure, the bonds of the general mortgage, income mortgage, and
-consolidated lives mortgage, now and hereafter to be deposited, be de¬
posited with and held by the trustee of the new general mortgage, when

ABSTRACTS OF RAILROAD MORTGAGES.
We

publish this week abstracts of the first mortgage oa the
1886, of the first
mortgage on the New York Chicago & St. Louis Railroad,
dated October 1, 1887, and of the first mortgage on the Clinch
tlements have been made with the creditors of the Philadelphia A Read¬
ing Railroad Company to warrant the carrying out of the proposed settle¬ Valley Division of the Norfolk & Western Railroad, dated

security for the bonds issued under the plan of reorganiza¬
tion in the order of their priority, until the lien of the three mortgages
above mentioned is removed from the rec-ord; and
Resolved, That in the judgment of the reconstruction trustees, sufficient
deposits of stock and securities have been received and satisfactory set¬
executed,

ments.

as

They

are

hereby declared operative and binding upon all the

parties who have made deposits thereunder.

Colorado Midland Railway, dated July 15,

June 1. 1887.

COLORADO MIDLAND RAILWAY.

Pittsburg & L ike Erie.—At Pitt3burg, Oct. 19, Charles

L. Fetterman, the master in the suit against the Pittsburg &
Lake Erie Rdlroad Company, decided in favor of the Vander¬
bilts.
The local stockholders who compose the board of
trustees refuged last January to allow the Vanderbilts to vote
the trust stock covered by the famous trust deed. This deed
was drawn up with the view of preventing the sale of the road
and of keeping it always in the hands of Pittsburg trustees.
When the Vanderbilts got the majority of stock they wanted
to do away with the trustees and sought to vote the trust
.stock. The master now gives his opinion that the paper called
a deed of trust, if vali 1, is in tffect nothing more than a
power of attorney, or proxy, given for the purpose of car¬
rying out the designs of the parti s therein mentioned, and as
such revocable at the pleasure of any party to it, and that
under all the facts in the cas«', Cornelius Vanderbilt is entitled
to the relief sought, and the master therefore recommends a
decree in his favor.

Rome Watertown & Pgdenslnirg.—In the report

of earnngs as published in the Chronicle last week the figures for
he eleven months in 1885-86 were < rroi ecus.
They should
have been: Gioss earnings, $2,530,405; operating expenses,
$1,4G2,724; net earnings, $1,067,681.
Following is a statement of the results of the year, Septem¬
ber being partly estimated; the earnings of the Black River
Division are included in all three years to make correct com¬
parison:
earnings

Operating

expenses

Date.—July 15, 1886.
Parties.—The Colorado Midland Railway Company, of tin
first part, and the Central Trust Company of New York, Trus¬

tee, of the second part.

Property Covered.—The line of railway and telegraph ex'
tending from Colorado- Springs, El Paso County, via Leadville,
Lake County, to the mouth of Elk Creek, on the Grand River,
in Garfield County, and from a point near the confluence of
Roaring Fork Creek and Frying Pan Geek to Aspen, Pitkin
County, all in Colorado, whether now constructed or hereafter
to be constructed between said

points, being in all about 250
miles; and all lands, buildings, rolling stock, equipment and
franchises, and all manner of real estate and personal property

held or hereafter acquired for use in connection there¬
with : together with all incomes, etc., from the property. But
the lien of this deed shall cover only the above described rail¬
now

way and telegraph, and shall not extend to any other
lines of railway or telegraph, except in case the railway com¬
pany shall notify the Trustee of its desire to apply the proceeds
of these bonds to the construction of branches and shall exe¬
cute

$2,49H,813
1,511,333

$2,806,065
1,581,125

supplementary indenture conveying said branches to
The company agrees to keep the property in
good
condition
and well equipped, to insure as much of it as
1886-87.
$3,151,150 is usually insured by railroad companies, and to pay all taxes
1,730,100 upon it.

$087,477

$1,222,840

$1,412,050

IS85-86.

1884-85.

dross

FIRST MORTGAGE ON THE COLORADO MIDLAND RAIL
WAY TO SECURE GOLD BONDS DUE JUNE 1, 1936.

Net earnings
Bfxod charges and taxes
4Rx per cent dividend

$1,014,505
276,825

$1,201,330

$120,720

Surplus

THE BOND,
First

Little Rock & Eastern and the Arkansas & Southern Rail
roads—and authorizing the same amount of securities on these
extensions as heretofore authorize 1 on the parent stem-—

namely, $13,000 per mile of first and $13,000 of second mort¬
gage bonds and an equal amountof stock The Sr. Louis Globe-

Democrat remarks: “ There will bo no increase in the bonded
indebtedmss per mile of the road, although an impression
appears to prevail to the contrary among some of the bond¬
holders.5* *
*
* “Tt should be distinctly understood
that the increased capitalization 1 er mile from $9 000 to $13,000 was a part of the scheme of reorganization, in consi ier 1tion of the

contemplated change of gauge, and that its accom¬
plishment involved no further vore upon the subj ct, since it
was fully understood that the desired improvement could not
otherwise be brought about.”
St. Louis Keokuk & Northwestern.—At Keokuk, la., Oct.
19, this railway, <• xtendirg from Keokuk to St. Peters, Mo.,
was sold in the foreclosure- suit of Daniel P. Eells, trustee.
There was only one bid, t hat of $4,000,000, by Judg^ G A.
'FirtkelVurg, of S Lru:s, in the interest of Charles E. Perkins,
inoividually, and not as president of the Chicago Burlington &
Quincy Railway. The two mortgages under which it was
sold amount to £0,926,000, and the floating d bt is about
$500,000. It is said that the C. B. & Q. has owned most of the
bonds for some time past.
St. Louis Yandulia & Terr* Haute.—At Chicago, Oct. 18,
Judges Gresham and Allen w. re engaged in the case of the
St. Louis Vandalia & Terre II; ute Railroad against the Terre
Haute & Indianapolis Railroad to set aside the perpetual lease
.

the former road made in 1868 to the latter. The lessor
asks to have the lease canceled, on the ground that it had no
power to make such a lease, nor the Terre Haute & Indiana¬

polis

Mortgage 6

per cent

fifty

year

Gold Bond.

Date.- June 1, 1886.

Denomination*-$1,000 each.
A mount Authorized.—$6,250,000, at the rate of $25,000 per mile for
sections of five miles of road constructed and ‘-ready for use" (but
not

St. Lonis Arkansas & Texas.—A meeting of the stockhold¬
ers held in St.
Louis Oct. 20 was for the purpose of further

perfecting the consolidate >n with the main line of the Little
Kock and Shreveport branches—organized respectively as the

a

the Trustee.

necessarily equipped with rolling stock); but $1,000,000 of

bonds may at any lime, upon proper applica ion, be certified by the
Trustee to be used in the purchase of iron or steel or lor any other
lawful purpose hereunder; but the aggregate issue shall finally not
excel d the rate of $25,000 per mile of completed road.

Principal Payable.—The principal is payable Juue 1, 1936, in gold coil
ot‘ the United S ates, of or equal to the pi t sent standard, at the fiscal
a-, euey of the company in New York City.
Interest Payable.—The interest is 6 per cent per annum, payable Junsl
and December 1, in like gold coin, at said agency'.

Coiamn

or lirt/iytered. —Coupon, but may be registered.
Sinking Fund.—'None.

Default.—In case of default of principal or interest con¬
tinued for six months after written demand therefor has been
of default in the payment of taxes continued for
period : or in ca-e of default in keeping the prop¬
erty insured continued for ninety days, or of any other cov¬
enant herein contained continued for one year, after demand
by the Trustee, then the Trustee may, and upon written re¬
quisition from the holders of one-half of the outstanding
b >nds shall, enter upon and operate the property, applying the
net proceeds therefrom to the payment ratably of interest on

made,
the

or

eame

the bonds in the order in which it shall become due. And in
of default of principle and interest, continued as afore¬
said, it shall be lawful for the Trustee to se.l the property, ap¬

case

plying the net proceeds to the payment of the principal of
the outstanding bonds, whether or not due, and of the ac¬
crued and unpaid interest.
In case of default, as last pro¬
vided, the Trustee may, and upon written requisition from
holders of one-half of the outstanding bonds shall, apply to
the courts for the foreclosure and sale of the premises and for
the appointment of a receiver, or (as an alternative of entry
in that behalf hereinbefore given) for the appointment of a
receiver without applying for a foreclosure or sale, and in
either case the Trustee shall have the right
to nomi¬
nate
the receiver to be appointed by the court.
In
case of default in the payment of
interest continued for
six months after demand in writing for payment, the princi¬
pal of Mi the .bonds shall, provided a majority in interest of

the holders of the bonds in

writing

s)

elect, become imme¬

A demurrer is filed to the bill, on diately due and payable. A majority of the bondholder*
the ground that it seeks to set aside the lease, and yet recover
may, in writing, declare or instruct the Trustee to declare the
rent due under it, and a!so because complainant, havingsaid principal due, as aforesaid, or may waive, or instruct the
acquiesced in the lease so long, cannot now attack it.
Trustee to waive, the right so to declare upon such condi¬
Wabash.—Receiver John MeNulta of the Wabash Railroad tions as said majority may deem proper. The company may
has filed the following report of the operation of the System at any time, though default has : ot occurred, surrender the
from Jan. 1 to Sept. 30 1887 :
property to the Trustee for the better security of the bonds.
At an v public sale of the property the Trustee may purchase
Receipts from operation of road
$6,750,062
the same at a sum not exceeding the amount of outstanding
Disbursements—
any power to accept

it.

For operat ion of road
For track rentals
For New York A Pacific Car Trust Assoeiation.lnt. A exp
For

113,718
95,609
16,243
3 09,503

Chicago & Western Indiana sinking fund

Bor taxes
Jfc»r interest

on

first

mortgage bonds

Total

Balance, cash




$1,876,436

on

hand 8e.pt. 30, 1887

bonds with the accrued interest thereon.

Trustee.—The Trustee may, upon ten
in

days' previous notice

vote of the majority in interest
Said vote shall be cast at a meeting to be

writing, be removed by

a

$5,739,159

of the bondholders.
called by the President or Secretary of the Railway
upon the written request of holders of $1,000,000 of

$1,020,803

In

-

437,648

case

of

a

vacancy

Company,
the bonds.

in the office of Trustee, the said

Pre§i-

October

THE

22, 1887.]

advertisement, call a meeting of
in New York City, and a majority
in interest of the bondholders shall be competent at such
meeting to elect a new Trustee. If the bondholders shall omit
to appoint a new Trustee within ninety days after a vacancy
has occurred, the President of the Railroad Company shall
serve as Trustee until a selection as aforesaid is made.
dent or Secretary shall, by
the bondholders, to be held

RAILROAD.
FIRST MORTGAGE ON THE NEW YORK CHICAGO &
ST. LOUIS RAILROAD TO SECURE GOLD BONDS
NEW YORK

CHICAGO & ST. LOUIS

DUE OCTOBER 1,

1937.

Date.—October 1, 1887.
Parties.—The New York Chicago & St.

Louis Railroad Com¬
Trust Company of New
Property Covered.—All and singular the estate and prop¬
erty, real, personal and mixed, and all rights, franchises, leases,
contracts, etc., belonging to the Company, including the line
of railroad extending from Buffalo, NeW York, via the cities
of Erie, Pennsylvania; Cleveland, Huron and Paulding, Ohio;
and Fort Wayne, Indiana, and through the counties of Mar¬
shall, Porter and Lake to a point on the boundary between
Indiana and Illinois, a distance of about 524 miles; and all ad¬

of the first part, and the Central
York, Trustee, of the second part.

pany

extensions now
L
point
Chicago,
under an agreement in the nature of a permanent lease dated
September 1, 1887; and including all lands, buildings, wharves,
materials, rolling stock, leases, etc., now held or hereafter
acquired for use in connection with said lines of railroad; and
also all incomes, etc., thereof. Moreover, for the greater pro¬
tection of the bonds, the entire capital stock, first preferred,
gecond preferred and common, of the Chicago & State Line

ditional second or

third track, branches or

owned or hereafter acquired; and also the title of the company
to the railroad and properties-of the Chicago & State
ne
Railroad Company, extending from said last-mentioned
on the boundary line between Indiana and Illinois to

Railroad is transferred by

the company to

NORFOLK & WESTERN

4 per cent

RAILROAD.

DIVI¬
RAIL¬
1,

FIRST MORTGAGE ON THE CLINCH VALLEY
OF THE
SION
NORFOLK & WESTERN
ROAD TO SECURE GOLD BONDS DUE JUNE
1957.

Date.—June 1, 1887.
Parties.—The Norfolk &

Western Railroad Company, ©f
part, and the Fidelity Insurance, Trust & Safe Deposit
Company of Philadelphia, of the second part.
Property Covered.—The Clinch Valley Division of the rail¬

the first

extending from Graham, Tazewell'
through Russell County to a point in Wise
County, on the line of the Louisville & Nashville Railroad, and
all branch roads that may hereafter be constructed under the
charter derived from the Clinch Valley Railroad Company,
including the right of way, all the franchises, rolling stock,
materials, etc., and all the real and personal estate now owned
or hereafter to be acquired and used as part of said Clinch

road of the company,

County, Virginia,

Valley Division.
THE BOND.
Five Per Cent

First Mortgage

Gold Bond.

1887.
Denomination.—*1,000 en< h.

Dale.

thereto (hut. not
completed lateral
$550,000 of the
$’2,500,000 shall la* applied only to the purchase of rolling stock.
Principal Payable —The principal'is payable .Tune 1,1957, in United
States gold coin at > he ofiice or agency of the company in Philadel¬
phia or New York. [Provision is also made for tho issuing of other
scries of bonds with different times of maturity, etc., to replae#bonds of this series retir« d.]
Interest Payable.—The interest on the first series of $3,325,000 is 5 par
cent or less per annum, and is payable March 1 and September 1, m
like gold coin at said office or agency.
Coupon or Rcyistercd.— Coupon: but the principal may be registered at
the agency of the eompany in Philadelphia.
Taxation.-Principal and interest are payanle without d<. duction lor any

Amount Authorized2.500,000, and in addition
exceeding $825,000 additional) $15,000 per mile for
or 1 ranch roads of the Clinch Valley Division.

the Trustee.

THE BOND.
First Mortgage

541

CHRONICLE

Gold Bond.

United States or State tax.
Sinkiny hind.—None.

of principal or
herein con¬
in his dis¬

Default.—In case of default in the payment
interest, or of failure to perform the stipulations
tained, continued for six months, the Trustee may
cretion, and upon the written requisition of the holders

of a
specifying
the
course
of
action
to
b®
Amount Authorized.—$‘20,000,000.
Principal Payable.—The principal Is payable Ootober 1, 1937, In taken shall, retort to one of three remedies, viz.; (1) take pos¬
United States void coin of the present standard of weight and fine¬
session of the mortgaged property and operate it, applying the
ness, in New Y<*rk City.
net income therefrom to the payment, first of the interest dm*
Intercut Payable.—The interest is 4 per cent tut auniirn, payablo April
and secondly of the principal of the bonds pro rata ; (2) sell
1 and October 1, in like gold coin in New York City.
TaMati'jn -Pi iucipal and interest are payable free of all taxes.
the property at public auction, applying the net income as fto
Coupon or Peyistered.—Coupon, but may be registered as to principal or the former case ; or (3) take measures at law to enforce tR®
principal and interest at :hetransfer agency in New York City.
Sinkiny Fund.—In ev< ry year that the earning - of the road are $u00,000 rights of the bondholders; the rights of entry and sale herein¬
before granted being intended as cumulative remedies addi¬
i he actual operating expenses, the company agrees to expt nd a
not exoe* dk g $3a Oo-OOln buying bonds of tub issue—which may
tional to all others allowed by law. It is provided, however*
be tendered in respouse to advertisement-at not above 102 per cent
that no holders shall have the right to institute any proceed¬
and accrued interest. If bonds cannot be pure lias d at this rate, the
ings in equity or law for any remedy unless a majority in in¬
payment to the sinking fund shall not be required.
Cancellation of Co>pong—Coupons paid on niatuilty shall be canceled terest of the bondholders have in writing requested the Trus¬
and shall iiot be kept alive as a lien on the mortgaged premises. No
tee to seek redress and have afforded it a reasonable oppor¬
lean upon the saio coupons or redemption of them by any guarantor
tunity so to do. Entry by the Trustee upon the mortgaged
shall operate to keep them in force.
or any sale of them as before mentioned, shall
Default.—If default in the payment of interest or in the premises,
render the whole principal sum due and payable : and in case
appropriation for the sinking fund, or in the performance of of default of interest continued for six months the holders of
any other covenant herein contained, is continued for three
a majority of the outstanding bonds may, by an instrument
months, the Trustee may, and upon being requested in writing
in writing, declare or may instruct the Trustee to declare, the
by holders of one-fourtli of the outstanding bonds shall, enter
upon and operate the railroad, applying the net proceeds to principal due ; or said majority may waive, or instruct the
to waive the right so to declare, and may annul or re¬
the payment, ratably, of the interest due.
In case the said Trustee
verse a previous declaration of the Trustee.
payments have been made in full and no suit to foreclose this
Trustee.—The holders of a majority of the bonds, by
mortgage has been instituted, the property shall be restored
to the company.
If default shall be made as aforesaid, or in an instrument in writing with the written assent of the com¬
the payment of the principal of the bonds for three months, pany, and the holders of 75 per cent of the bonds without such
the Trustee may, and upon requisition as above provided shall, assent, may remove any Trustee. A vacancy in the trusteeship
proceed by suits in equity or law to enforce payment of the may be filled by an instrument in writing executed by a ma¬
Bale.—October 1, 1887.
Denomination.— $1 000

each.

majority of the bonds

ov» r
stun

sell the pro¬ jority in interest of the bondholders assented to by the com¬
perty
under the decree of a competent court. No bond¬ pany. Until an appointment be so made the directors of the
holders shall take any proceedings to enforce the provi¬ Company, with the written assent of holders of 25 per cent of
sions
hereof
until
after
they have requested the the bonds, may make a temporary appointment. This appoint¬
Trustee, in writing, to take said proceedings and the ment may, upon an application of a majority in interest of
Trustee has refused to act. In case, after default, the the bondholders, he annulled and the Trustee nominated
Trustee proceeds by suit in equity or law, it shall be entitled by said majority be appointed by any court of competent juris¬
to have the property sold under the order of a court for the diction.
satisfaction of the principal and interest due and unpaid, and
pending any such suit shall be entitled to a receivership of
New York City Water Stock.—Comptroller Loew, in the
the premises.
In case of the sale of the property in enforce¬
presence
of the Commissioners of the sinking Fund, opened
ment of the lien hereby created, the same shall be sold as an
for $3,000,000 3 per cent additional Water Stock,
proposals
entirety. The net proceeds of any sale, as herein before pro¬
payable
in
free of city and county taxes. The following
vided, shall he applied to the payment of the principal and are the bids1907,
and awards.
interest of the bonds, without preference of interest over prin¬
Hale.
Airardeef,
Name.
Amount.
cipal. At such sale bonds of this issue may be turn* d in
300
$05,00#
towards
Savings Bank
$200,000
3 00-50
200,00#
payment of purchase money.
If default be Bowery
200,000
301
200,0#,
made in the payment of any instalment of interest on the said Bowery Savings Bank
Bowery Savings Bank
200,000
bonds, or in the appropriation for the sinking fund, and shall Trustees New York Fire Department
100
be continued for three months, the principal of all the said
Relief Fund
25,000
101157
110,0<M*
Daniel
A.
Moran
110,000
bonds shall become due and payable forthwith; and said
10075
100,00#
Charles M. Whitney Sc Co
300,000
10012^1,000.00**
bonds shall thereupon bear 6 per cent interest until paid in Moller Sc Co
1,000,000
100 10
500,00©
bonds

and to foreclose

this mortgage, and to

lull, principal and interest.

removed by holders of twothirds, and a vacancy in the ofiice may be filled by the holders
of a majority, of the outstanding bonds, by an instrument in
anting. If a vacancy be not so filled by the bondholders
within six weeks, the directors of the company may make
*
temporary appointment, which shall continue until a Trustee
18 designated as aforesaid.

Booth




Campbell

Emigrant Industrial

Trustee.—The Trustee may be

German
German

Savings Bank

Savings Bank

Savings Bank

Atlantic Trust Co...
Safe Deposit Co. of N.
Isaac Wyman

I

Total

....

500,000
100,000
500,000
500,000
200,000

Y

25,000
100,000

$3,700,000

100
100

100,00#

10025
100 055
101-5(1
100

500,00#
200,00#
25,00#

$3,000,00#

THE

542

COTTON.

JSJfcje ©xrmnueraa 1 Jinxes.
COMMERCIAL

Friday, P. Mm Oct. 21,1887.
The Movement op the Crop, as indicated by our telegran s
from the South to-night, is given below. For the week ending
this evening {Oct. 21), the total receipts have reached 271,799

EPITOME.

Friday Night,

[Vol. XLV.

CHRONICLE.

Oct. 21, 1887.

bales, against 276,876 bales last week, 251,186 bales the previous
week and 238,745 bales three weeks since, making the total
receipts since the 1st of September, 1887, 1,454,637 bales, again! t

has arrived when business for the antumn season
1,085,318 bales for the same period of 1886, showing an in¬
begins to diminish rapidly, and consequently general trade is crease since September 1, 1887, of 369,319 bales.
Fri.
Thvrs.
Wed.
Total.
lues.
Sat. ! Mon.
quieter; but the easier money market, and some improve¬
Receipt* at—
ment in the tone of financial circles, have given an impulse to Galveston
7,170 30,797
4,107
2,507
5,253 10,883, 0,877
speculation in some leading staples that may have important
results upon the range of values in the early future. A severe
storm has swept the entire Gulf and Atlantic coasts, but no
serious disasters are as yet reported to have been caused by it.
The chief incident of the labor troubles of the week is a
lock-out of the shoemakers of Philadelphia.
The speculation in lard has been marked by free offerings of
futures, and prices have declined—not,however, without
some irregularity,
October deliveries showing exceptional
strength, and to-day the later options were firmer, while Oct¬
ober was dull. Laid on the spot has had a moderate sale each
day, at some decline in prices, but the close is about steady at
6*55c. for prime city, G'GS^^G’GTJ^c. for piime to choice
Western, 6*80c. for refined to the Continent and 7 3oc. for

Indianola, Ae.

Florida

refined to Sjuth America.
DAILY CLOSING

October deliv’y
No\ ember *•
December “
January

..

..

..

February 4i

..

March

“

..

April
May

“

..

“

..

PRICES OF LARD FUTURES.

Monday. Tuesday.

Saturday.
0-70
6'54
('» 52
0*57
0*03
0 09
0*75
0-82

6*70
6*52

O'tO

0*48
0*54
0*i O

0*37
0*43
649
0*50
0 62
0*09

6T,0
0-72
0*7 9

6*40

Wedns’y. Thursday.
0*03
0*43
0 41
0*40
0*51
0*57
0 03
0 70

U*58
0*43
0*41
6*16
0*61
6*57
0*03
0-70

Frid‘ y
os-'
6 47

0*44
0*50
-

•6*50

declined, but is in fair demand and steady
at the reduction; old mess, $13 75@$14; new do., $14 50(a)
$14 75 ; prime, $13@$13 25; and clear, $15 50@$17. Cutmeats
Pork has further

•

....

Bruiisw’k, Ac.

.

I

.

....

Wilmington
MorelTdC., Ac
Norfolk
West Point, Ac

4,178

4,084
3,393

100

51

472

275

020

....

....

4,117
2,100

....

Totals this week

3,210

302

362

4,504
7,209

28,242

29,887
151

....

510

417

19

217

2,533

94

94

251

752

...

05 :

84

110

i

619

10,947

i

Baltimore

Philadelphia,Ae

019

1,707

...

...

7,780

227

519

3,024

5,780
0,135

4,979

694

46,383
519.
20,093

...

...

...

2,3181

••

094

....

833

1,805
....

Boston

4,703

1,787

437

New York

4,004

3,048

....

°

7,011

•

77,012
10,114

5,370

....

....

7,870

....

0,517

4,137

Royal.Ac

0,202 14,533
759
1,238

8,094
1,158

8,542

•*••!

....

Charleston

.

8,799

8,779

Savannah

•

--

.

Mobile

Port

...

....

10,002 18,200 19,255
2,412
3,178
1,309

New Orleans...

39,197 01,937 55,573 i 34,308 32,188 *1 S jt) JO 271,799
;

"The period

the week’s
and the stock
items for the corresponding periods of

For comparison, we give the following table showing
total receipts, the total since September 1, 1887,

to-night, and the same
laet year.

~

,

1887.

Receipts to

Galveston

1880.

1887.

1

74,187

09,733

225,4331

40,9801

227,800

30,797

...

Sep.

1, 1880.

Week.

1,1887.

Week.

Since

This

; Since S< p.

This

Oct. 21.

.

Stock.

1889.

;

•

|

Ind'iiola.Ae
77.012

Mubiie

10,114 i

49,354
0,723

09 1

Florida

Savannah

40,-383:

...

08,331,
15.197

353.902

New Orleans

240,080

107,070

1 20.088

30,551

10,090

11,827

117,944

112,507

1,104

5,157

330,947 54.105
7,8S9
849
170,3051 20,107
3,011
1,583
08,201
7,957
1,054
909
3 15,901
31,291
109,245! 14,252

250,583

3H»!
partially lower; pickled bellies 7Jg(a)8%<3.. shoulders, 5:54"
00,116
59,139
Charleston
20,093;
<a5/gC., and hams, 10@10^c.; smoked shoulders, 6^@7c.,
403
2,150
3,51
01‘>!
P.Royal, Ae
Oj
and hams, 12%@13c.
The number of hogs slaughtered at Wilmington 10,9471
24,340
41,271!
28,682
the principal Western points from March 1st to October 19
7911
302!
MWflC’.&c
31,918
89,538
37,955
were 5,160,000, against 5,200,000 for the corresponding period
28,242:
Norfolk
j
1,720
33,058j
W. Point, Ac 29,887
last year. Beef remains nearly nominal.
Beef hams dull.
59,257
90,131
151 i
3,445j
New York
no; 1,581
Tallow very firm at 4 3-16$ 4)40.
Stearine is quiet at 7')^@ Boston
0.500
9,000
1,190;
7,005;
578'
2,533
7%c. Oleomargarine is quoted at 6J4c. Butter is dull at 19 Baltimore
407
5,947
5,325
3,54 5|
til
1J)40
8,233
2,217!
0,733
752
2,201!
982
@27c. for creamery. Cheese is lower; State factory, full riiilMel’a. Ae
and skims 4@ 9c.
cream,
553,322
580,945
271,79!) 1,454,037 200,818 1 .085,318
Totals
The speculation in coffee lias been active at drooping prices,
In order that comparison may be made with other years, we
under reports of increased receipts at Rio, some recovery yes¬
give below the totals at leading ports for six seasons.
terday being the result of speculative manipulation here Receipts at —
1 882.
1883.
1 88.-).
1884.
1 880.
1887.
Brunsw.,Ae

are

.

5,730
130.013j

..

.*

and at Havre.

The dealings have extended to the closing

To-day there was a fresh decline at
16*90(a)17c. for the autumn and winter months, 16*95c. down to
16 30c. for April to September, and 16c. for November.
Cof¬
fee on the spot is quiet, with fair cargoes Rio quoted nomi¬
nally at 19@19j4c. Raw sugars are dearer, and close strong
and acti\e at 5c. for fair refining Cuba and 5j?gC. for cenirifugal 96 degrees test. Teas quiet. Rice scarce and firm.
Kentucky tobacco l as been more aciive, and sales for the
week are 550 hhds of which 250 for export, at priors rouging
from 4%c. to ll^c. for low lugs to good leaf, but the close is
quiet. Set d leaf shows some r* newal of activity in the demand,
and sales for the week are 1,707 case-*, as follows: 200 cases
1886 crop, New England Havana, 12@40e.; 150 cases 1886
crop, do. seed, 13(a) 18c.; 350 cases 1886 crop, Dutch, 9@llc.;
250 cases 1886 crop, Ohio, 7@l(R£e.; 257 cases 1886 crop, State
Havana, 8@ 16c.; 200 c.ses 1886 crop, Pennsylvania Havana,
8@20c.; 150 cases 1886 crop, Wisconsin Havana, 534$ 11c.; 150
cases sundries, 7$35c.; also, 450 bal* s II ivana, 60c.@$l IP,
and 300 bales Sumatra, $1 45@$1 SO.
Spirits turpentine has been more active and closes steady at
84%@35c., but other naval stores are quiet. Ciude petroleum
certificates have further advanced to-day; the speculation
was quite active on reports of fresh combinations to support
values, and the close was at 74%@74%c.
On the Metal
Exchange a leading feature has been a speculation in Straits
tin at advancing prices, with salts to-day at 24*70c. for Octo¬
ber, 24’30c. for November and 24 05c, for January. Hops are
taken freely for export. Wool lias been more active. Ocean
freights are firmer for grain, with some business to-day at 3d.
•to London and 2}£d. to Glasgow.
months of




1888.

45,031

30,199

30,229!

31,853

81,074;

81,984,

15,197

o,031
IO, 190

10,592

10,723

40,383

54,105

45,734

50,013

42.838

Charlest’n.Ae

20,712

27.090

33,703

40,384

28,509

Wilin',gt'n. Ae

1 1.309

S,200

‘>.4 13

7,250

0,008

58,551
15,829
4.4,302
25,012
5,122

28,242

31.291

23,707

34,050

34,283

‘29.887

14,252

1 3.4 39

19,543'

12,890

4.743

0.700

3.800

0.007

1,715;

201,70 1

285,1 12

252.sl5i

Galvesfn. Ae

30,797

40,980

New Orleans.

77,012

08,331

Mobile

10,114

8ii\anmih

...

W’t I’oint, Ae
All otliers

Tot. this week

,

271.799

200.818

<

41,934
9,846
‘>,289
2

11,738

1454,037 1085,3.18 1120,130 1158,300:1 223,980 1107,043

Since Sept. 1

Ac!

Galveston includes Tndlanoia; Charleston includes Port Royal,
Wilmington includes Mofeh’dCity,Ac.:West Point Inciudt s City Point.so

total
11,998

The exports for the week ending this evening ieach a
of 176,848 bales, of which 88,266 were to Great Britain.
to France and 76,584 to the rest of the Continent.
Pelow
the experts for the week and since September 1, 18S7.
WeeA

Bxvortt
Great
BriVn. France

from—
1 fySt-OB

•

»..

-

New Orleans..

CcniU\ lHa]
nent.

3,750

13.14**-

5,526

22,521

Mobile

from Sevt. 1,

Ending Oct. 21.

28,648

1887, to Oct.

59,518
88,538
5,103

16,89“
56,095

.....

21.1887

Conti-

Great

Britain.

Week.

are

France

nent.

Totil.

23,869

63,454

71,490
175.850
5,103

4,r80
5,463

6-8,467
47.S 01

106,221
81,888

8 650

31.481

40.605

37,^98
21,152
150,015
28,344
13.553

...

•

•

11.95i

■

Florida

-

Savannah...:.
Charleston

......

Wilmington..
Norfolk

...

••••••

7.040

.

West Polnt.Af

9,3)5

New York....

14,327

9,173

Boston
Baltimore.

..

Phlladelp’a. ,t<
Total
TotjO

4,780

9,817

956

1,931

88,266
87.858

18,369
7,900
4,050

7.9C0

'

28.524

9,355

22,831
37,393
21,152

11.905

27,924

104,483

142

9,315

27.70:

1.220

2,176

10,512

1,911

13,081

.....

1 692

32.674

32,9 6
4.05O

7.U40

4.8-7
....

1

i
!

643

3, 4;
l.( 03

14,081

11,998

78,584.176 818

451,788

;

8,999

245,772

7S6.K9

11.3'4

48.510 147 72 >

382 927

59.673

105,845

528,245

October

OtjOq3

also give

addition to above exports* our telegrams to-night
us the following amounts of cotton on
at the ports named. We add similar
which are prepared for our special use by Messrs.
Sc Lambert, 24 Beaver Street.
On Shipboard, not cleared—for
In

New Orleans

|

France.

13.378
4,000
1,000
7,800
10,808

35,120

2,950

1,735

None.

None.

None.

5,000
None.
None.
None.
050
None.

1-1,000
28,001)
5.012

1.200
4,500

None.

2,500

8,100
5,000

None.
None.

.

.

Mobile
Charleston

Savannah
Galveston
Norfolk

Total 1887

-

2 1.000

.

.1

York
Other ports

New

: Consl-

Other

Great
Britain.

5,800
9,000

07.092

10.770

81,810

.

15,9 11

27,434

77,742

.i

Total 1885

15,055

107,100

.

30,857

21.122

59,890

15,358

|
1

40,900 1
27,910
20.500 !
1 1.550 |
14,000 1

«5

*516
9V>

s»3l« ' 9r,iC

10'd

97m
loq

107m

1078

970

Fair

$ ft

Ordinary

....

...

...

Good Mid ding
Strict Good Mid

!

—

OC

...’

Middling

loq

1

1O70

lOl.q,;

9~1<;
9 78
91 ;*!,.,

9~ir,

0;,ig

1038

1 L

Wed

O

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0

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>-*

CD
CD
to

CD
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0
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0

33 Ci
Q

O

0

a<

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i
'

9*0

CD

ljg adv.

0

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...

137

.....

....

j

....

j

2s l

j 1,0G2|

Total.

sit.

uTl'n

295j
479:

and




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341
....

98]

FUTURES.

-Lotal.

....

....
....

....

*

I H-inues naies

in September,

1867, lor Peptember, L p8,2CO.

and eliall continue each
for each month. I«
“Aver '* The
bottom of table.
fJ ransferuble Orders—Saturday, 9*«i5e.; Monday, l»*U5c.; Tuesday3
9u;5c.; Wednesday, 9*75o.; Thursday, P*85c.; Friday, 9’8Uc.
The following exchanges have been made during the week j

tT We have included in the aheve table,
ivctv- *.» give, tlie average price of futures each day
v.i
Me found under eacii day ftdiowiug the abbreviation
verage for each month for the weea is aiso given at
i

137
390
28 1
441
329
179

Sales.

Deliv¬
eries.

125,500
1 1 1,500
1 13,500
211,800
140,300

105,100

1,700 903,700

del Vcred tlie a. y

Prices of Futures are

following compreb ensive table;

CD tc O •D

CD tc

^

Oi

_

CD

0 05

CD

<1 * M

r^>

®

9) to :

1

•0

CD 0 CD

-4

00

*

1 d

1

®

C Cl

CD

<

|4
Ol O

r*

CDCD

I

>

CD CC

<

1 ©

^4 ;

1

!

to

%

tU

cn

cd

X X *0

-

-d©

911

The dally deliveries given auove are actually
K«viouis to that, on which they are reported.

The Sales

o

l(>

TRANSIT.

S/n:c- Tran-

377:

to o<

0

CO

*

>

SALES.

390

...,j
I

(JO

<1

CJI

CD® ©

w c

iH

1 ^r:

dOd

®

®

9*o

84
9>S

!
...J

d.

CDCD

<

9o i,

,

0p8 j
7510 1

7‘->io
8'd

CD CD

Sl.v1(5

IO

ops
;

>

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|

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.

o>

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®

®

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CD

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CD CD

>

8*o

"*S oil Tues

:

1 s).*-:

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0

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<1

<8. 83

^

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to

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0 >

C'm"1

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CO

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CO

^

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0

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1
**

1U in

Con-

saitij)

.....

Dull..

Quiet

>

jtort.

quiet

i*—

CTj

a

©©

C 35

99*iG

lo

HFq

CO'I

0

®

iff

%

C5 -l

900

SALES OF SCOT ,.a1)

Firm.

CiV\

^

O'. V’
10 cc rc

glance how the marker closed on same fiavs.

f

®

wo,_

CD CD

the

Ex-

C: C3

|

S'

-

®

c ^

00

iff

CO

The total sales and future deliveries each day during
week are indicated in the following statement.
For tne con¬
venience of the reader we also add a column which snows at 8

losi:i>.

CD©

M
on

!

f* !—
© to o

® -Ti
O QC

tc cn

10

® *

CO tO O sD

9i:qQ

9i:q0
10

•

CC.Oci

9;h

915k;

n

CDCD®©

91«lr,
97h

9*4

MARKET AND

>T MARKET

%

.

I

©

i

•

p .
a ■

dvjOd

CD CD 0

©

6 co

9*4

8*4
1>J0

CD CD 0

d> X © 81

CCD

9*4

7'»io

Middling ..."1

9*4

'

.

CD

9;>h

8 ‘8

(>'*H

...

9*4

rtfj

**4 m-CJ»®

l gto:

97,«

8

Sat.

111.

S'lG
878

$

—

© ©

®

9'7s

11

STAINED.

87h

®

■

^ O. >-l

®

7=

03

HK)

<05 y.

Z*

1

i

I

rc

-r>

84

>

^

CD

CD CO o

a.

®

C K>

O Ci

CDCD

CDCD

tuu;

^~UJ
878

90*1(.

H7ig

sl;?l()

*5

%

9»io

.

Good Ordinary
Strict Good Ordinary.

jo

OK)

7
7 Jo

4

7 Jo

i<;

."...

i

O

J

a

9:!8

s7n;

...10

Fair

.

®

©©O©

q6

Frl.

8%

7 L>

“‘SC

•

CD

0

910

stk;
97,0

Middling

,

•

8°

•

“

^ CO P

P

1

7 i.»

7't.)

---

Tiles.
Wed
Thurs
ITi...

CDCD

I siqo:

374,122
354,349

Tit.

ic>

IHoii Tues

Sat.

GULF

8:H
i)i0

;

9>l,c

Middling Fair

Middling Fair

; 8->i,j

84t

9 Jo

Good Middling
Strict Good Middling

7

•

..di

I-1

Cl

^

x<|_^

374,090

(>15ir,

(>7^
7;{«

j

:,4
1)10
8

Middling

Strict Ordinary
Good Ordinary
Strict Gond Ordinary
Low Middling

(>7s
7:<y

07k
7 :!rf

$ ft

Goed Ordinary
Strict G od Ordinary
Low Middling
Strict Low Middling

.

A

-i

AVed

2 $)

iff
CDCD

38,551

j

®

00

to

continue

Ordinary
Strict Ordinary

®

j—

•

•1 1.707

180,200 j
180.424 )

Mon Tues

32 -

•

©

•••*§!*

do

early months.
sales to realize, but the pressure on October contracts,
and sucli low .temperature in the ''Northern belt as to
threaten Lost, caused a nearly complete recovery.
Cotton
on the spot has been qui t.
Stocks
small. Quo.
tations were advanced 1-16J. on Wednesday, and again i n
Thursday. To-day the maiket was quiet at 9pgC. for mid¬
dling uplands.
The total sales for forward delivery for the week are 903,700
bales. For immediate delivery the total sales foot up this wef k
1,760 bales, including — for export, 1,662 for consumption*
93 for speculation and — in transit.
Of the above — bait s
were to arrive.
Tno following are the official quotations for
each day of the past week—Oct. 15 to Oct. 21.

..

j*

o>

^ Oo7

stronger Liverpool
most decided in
To-day there was au/early decline under

Sat.

a

■

f a ’=•<? <
£
M?
^
Z.xZ'i

<!

£<sr§.

©. o

p

at7Liverpool. Yes.

Sat
Mon

20

®

!

200.219

“

©

114,493
12,090
33,939
77,044
41,817
11,455

_

UPLANDS.

P

Leaving

buoyancy, following a marked advance
terday an early decline in the face of a
report was followed by a fresh advance/

Low

•

•

dje

.

!

O

rt-

■

:

s?

$3,
?0

ag

0*?^ g--

pi^o
®

:

to

cc

9311

X

for future delivery at this
market has continued active throughout most of the week
under review, and prices have made some further advance;
the opening was weak.
The bulls apparently “let go to
get a better hold,” for on Tuesday, after the effect of a
ower Liverpool report
had expended itself, they began
buying again with much freedom, without other active
influence in tli ir support than that which might be derived
from a violent storm in the Eastern Gulf States (afterwards
moving northeast), and on Wednesday’ the/e was renewed

the

5 o’® S'
p®
p ce - Vj

as b

-r

© ®

®

©5

•

*

*

speculation in cotton

The

od -

O T5©
So
£
C"-

CO

Total 18s<>

.

►3

if. M

i—i

2.
£S* ® a >»

O

S' ® 33 JO.

-

o

S>

O^d’oo
i—

Stock.

53.183
4,000
25.200

0,000

ns -x -

2

Chjgpf

OB

®

®

,

Total.

v'ise.

Fdrcif/n

S* 3.2.6
®

a

shipboard, not cleared,
figures for New York,
Carey, Yale

Od. 21, AT—

543

THE CHRONICLE.

22, 1881

shown by the

for June.
for Apr.
for May.

’05 pd. to exeh. 200 Dec.
•17 p<l. to exeh. 200 Oct
08 pd. to exeh. 900 April
Even 200

•il
•19

Nov. for D o.

pd. to exeh. 400
pd. to exeh. 200

Nov. for Feb.
Nov. lot Mar.

•15 pd. to exeh. 1 00 Jan. for
•28 pd. to exeh. 200 Dec. tor
*08 pd. to exeh. 400 April

Oct.

AprlL

for May,
to exc?h. lOo Dec. lor Nov.

•02 pd.
Even 2,000

Jan. for Nov.

Supply of Cotton to-night, as made up by cable
a3
telegiaph, is as follows. The Continental stocks, as
those for Great Bi ilain and the afloat, are th;3 week’s returns,
The Visible

well
and consequently all the European figures are brought down
to Thursday evening.
But to make the totals the complete
and

THE CHRONICLE.

544

figures for tonight (Oct. 21), we add the item of exports from'
the United States, including in it the exports of Friday only.
1887.

1886.

1885.

1884.

bales

434,000
41,000

294,000
18,000

350,000
22,000

470,000
64,000

Total Great Britain stock.
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock ut Trieste

475,000

312,000
1,300
16,600
11,000

372,000
3,500
33,000

27,000

534,000
4,000
39,000
36,000

300
900

400

800

130,000
‘2,000
17,000
4,000
11,000

103,000
6,000
28,000
9,000
12,000

2,000
101,000
3,000
36,000
9,000
8,000

1,700
155,000
6,000
23,000

Total Continental stocks

‘233,000

188,100

225,900

282,500

Stock at Liverpool
Stock at London

4,000
37,900
‘20,000
200

900

Total European stocks
India cotton afloat for Europe.
Amer. cott’M alloat for Eur’pe.

708,000
00,000
470,000

Efiypt, Brazil, Aso.,aflt for E’r’pe

42,000

...

licr descriptions are as

A mencan—

bales 208,000

Liverpool stock

82,000
470,000
580,495
200,435

Continental stocks
Ameri* an afloat for Europe...
United States stork
United States mteiior stocks..
United States exports to-day..

41,000
151,000

00,000

42,000

Egypt, Brazil, Ac., afloat
Total East India, &c
Total American

137,000

360,000

333,000
534,773
132,266
42,144

252,000
121,000
298,000
542,237
112,119

218,000
61,000
161,500
60,000
23,000

526,500
288,900
362,100
,323,451 1,107,183 1,347,356

lid.

1,685,551 1,696,083 1,873,856
5 hod.
5-%l.
5^i fid.
94c
94c.
9ialoC.

>

Week ending
Oct. 21.

GUlveeton...
New Orleans.
Mobile
savannah...
Tiittrleston..

9 Re¬

_

_

CLOSING

Satur.

9
81

9

'

878
Mis

8

9

9

9

9

91*
9»8

Baltimore....

SBj 0

9
9

r

|3^~1he imports into Continental ports this week have been
80,000 bales.
The above figures indicate an increase in the cotton m sight
to-night of 401,810 bales as comp red with th© same date of
1886, an increase of 391,284 bale3 as compared with the corres¬
ponding date of 1885 and an increase of 213,511 bales as
compared with 1884.
Ai the Interior Towns the movement—that is the receipts
for the week, and since September 1, the shipments for the
week, and the stocks to-night, and the same items for the
corresponding period of 188G—is set out in detail in the follow...

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Receipts at the Ports.

SndinQ—

Sept.10

188ft.

“

23

30....

...

7....

Oct.

-21

M

4n

tore cc co

:~1 Ci^lCC mm

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ul

—

to cc

01 o co o *■—* 01 O CO co

1 n both yetirs are

ear’s figures estimated.
The above totals show that

'

Mh

p x c—

not.’

i This i

the old interior stocks heT*r

increased during the week 42,076 hsles and areto-right 41,005
bales more than at the same i eii d last year.
rIhe receipts at
the same towns have been 4,517 hales more than the same week




1885.

1886.

Rec’pts from Plant

1887.

1885.

1*30.

iu

1887.

73,020 143.799
111,473 217,783
170,3f-5 275,153

..

The above statement shows—1. That the total receipts from
.he plantations since September 1, 1887. are 1,660,507 bales;
in 1886 were 1,222,779 bales; in 1885 were 1.205,762 bales.

2.—Th*t, although the receipts at the outports the past week
271,799 bales, the actual movement from plantations was
321,919 bales, the balance going to increase the stocks ai tbe
interior towns.
Last year the receipts from the plantations
were

for the

same

week

were

308,487 bales and for 1885 they

were

303,754 bales.
Amount of Cotton in Sight Oct. 21.—In the table

below

give the receipts from plantations in another form, and add
1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
we

to them the net overland movement to Oct.

1887.

1886.

1885.

i8e4.

„

205,870

137,461

sight Oct. 21

35,e0^

32,000

145,332

112,290

1,265,762 1,270,656
22,910
23,000

12,391
28.000

1,734.969 1,274,414 1,317,672 1,311.017
252,357

198.176

223.570

205,042

soon

Palestine, Texas.—We have had dry weather all the week
picking is progressing well.
The thermometer has
01.
averaged
ranging from 48 to 81.
Huntsville, Texas.—Picking io actively going on. No rain
has fallen during the week.
The thermometer has ranged
from 40 to 82, averaging 07.
Dallas, Texas.—With dry weather all the week, picking
has made good progress. Average thermometer 62, highest
81, lowest 37. ’
Austin, Texas.—Good progress is bei ig made with picking.
The weather has been dry all the week. The thermometer
has averaged 06, the highest being-83 and the 1 >west 45.
Lading, Texas.— Picking has been resumed. The Uierm .ire U r has. avenged 70, ranging from 51 to S3,
Columbia, Texas.—No rain h .s fallen during the week and
and

m

ci — vc ti x - j')co x tc cc x — x
CO O -1 S'. VO CD M -| C5 C’i CJ C M '05 Oi —
CO CC CO C- tc CD CO — CO to CD M M tc '1 cc VC X o
c» oo

St'kat Interior Towns

230,087 280,224
262,505 308,457
201.704 20«.8I8 271,799 101.182 185,521 229.7( K) 303.754 308.487 321,919

14....

“

1887.

84,143 71.915 120,041 34,974 50 862 62,512 94.333
114,873 100,601 187,740 52,542 58.734 b2,554 132,3 1
15y,003 158,465 23.8,745 71,882 72,0: 4 118.901 179,003
112,107 197,100 251,180 8:\785 111,575 147,999 210,OtO
231.401 230,288 270,870 119,132 143.S52 179,58 200 833

—

“

1880.

r-

—

CO

c#
CO

w

94
’• 4

lowest 00.

MOOUmm^o

M

CO
CJ»

4

Telegraph.—Reports to us by tele¬
graph to-night indicate that in general picking continues to
make good progress, although at a few points theie has been
some interruption by rain. - The crop is being marketed freely,
Galveston, Texas.—It has rained on three days of the week,
the rainfall reaching three inches and forty hundredths. The
thermometer has averaged 69, the highest being 80 and the

2^

fr1«

M

M o O-1 4^-1 O

9

Weather Reports by

-4

pM op; tc tc CJ-ropp tc

1 o M *00.^7,
CO 4- O CO O m —* -1 X 05 J
CD 05 O tc to ^1 Cl X X M .

9
9

is 423,922 bales.

M m M_jh.CC COMO

co m
O >'X) O O ^1 M O1 to 05 M o O M *0 X 1C 05 4- m
co 05 m co o to o tc tc 'i o cj o o -j o; tc tc a

OCC

94

by the above that the increase ia amount iu sight to¬
night, as compared with last year, is 460,555 bales, tne increase as
compared with 1885 is 417,297 bales, aud the iuoiease over 1881

io

tolccj

9L>

weekly movement from the plantations of that part of tbe crop
which finally reaches the market through the outports,

It will bo

to

M

OOP

1

ro

CCCC^tCtC'l

wocoT^m Cite:

4
<4
9

9^8

Oct. 21

Is

tc M CC CO m CO CO

M to

m

94

94
S78

•

9

"is

4
4
94

9

Northern spinners' takings to

M

05

-

M

CD CO
M^obiM Mt-iatlO CCC M tgcio

-U 0* M o --1 X) O

C0‘»

biafoM-o

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0*mOWOmO^MOO©W^1H«C’U*C-i4*.

M

M

CJI M CO

In

MCOM

05

IO

$

M *0

-1

9-^8

Receipts from the Plantations,—The following table
indicates the actual movement each week from the plan¬
tation*.
The figures do not include overland receipts nor
Southern consumption; they are simply a statement of the

Total in

•

'

t*

OJ

94

9
9

Southern oonsumpt’n to Oct. 1

*-*
*>•
1—i

She

Tot. receipts from planta’tns 1,660. = 07 1,222,779
39.462
Net overland to Oot. 1
19,635

»-O

(Li ■

9

9

9
9

Interior stocks, on Oct. 21 in
excess of September 1

&BgȤg3

B

8° ctm S PT ® ® =r
-«tt3 Bp M-f «£®

p

80 OB

S

^lpo

H H rvj
BD

80

o*

® ® n

9

Reoelptsat tbe ports toOet. 21 1.454,637 1.085.318 1,120.430 1,158,3(0

£® o£ ®£

so

O

M46
94

94

owing statement
H

9118

H7g
9

9
:
I

94
878

9

......

9

9im

9 he
i 5ft

«8

8laio

9

81*16

9

9:»8

~~

Pri.

9

9
9
16

9

Louis
•incinnail...
Lou'^vllle

L'itj

8

9^8
1

Vugusta

•‘>10

ON—

Thurs.

Wedves.

S78

7g
9U0

TUilladelplUa.
....

Tries.

9

wlimhiKton..

Merinos

QUOTATIONS FOR MIDDLING Ot/TTON
Mon.

9

Norfolk
Boston.

“

520,000
1,507,307

price Mid. Upl., Liverpool
Price Mid. Upl.. New York

and since September 1 the receipts at all tl#
194,708 bales more than for the same time in 1886.
(Quotations for Middling Cotton at other Markets.—
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets foj each
day of the past week.

22,000

122,000
22,000
88,900
40,000
16,000

160,000
18,000
108,100
44,000
32,000

.

last year,
towns are

Week

220,000

London stock
Continental stocks
India afloat for Europe

228,000

80,000

,323,451 1,407,183 1,347,356

1,507,307

Liverpool stock

134,000

553,322
158,780
37,349

20,437

Total American
East Indian, Brazil, dc.—

132,266
42,144

,685,551 1,696,083 1,873,856
follows:

®«7,3
supply
Of the above, tlie totals of Ameitikem an
Total visible

816,500
60,000
298,000
23,000
512,237
112,119
22,000

534,773

37,319

20,137

8,000

597,900
40,000
333,000
16,000

500,100
4 4,000
360,000
32,000
553,322
158,780

580,495
*200,435

StocK in Un’ted states ports..
Stock in U. S. interior towns..
United 8tat< s exports to-day.

9,000

iVOL. XLV,

picking makes good headway.

The thermometer has

ranged,

from 15 lo

15, averaging 65.
Cuero, Texas.—We have had dry weather all the

Average thermometer OS, highest T2, lowest 59,

week.

October

22, 1887.]

Ports.—The receipt*
shipments of cotton at Bombay have been as follows forthe week and year, bringing the figures down to Oct. 20.

is actively going on,

and

BOMBAY RECEIPTS

averaged 65, ranging from 40 to 83. .
Weatherford, Texas.—The weather has been dry all the
week. Picking is making good progress, and prospects con¬
tinue favorable. Tire thermometer has ranged from 39 to 76,
averaging 53.
New Orleans, Louisiana.—We have had lain on four days
of the week, the rainfall reaching four inch* s and sixty-five
hundredths. The thermometer has average d 75.
Shreveport,, Louisiana.—Th^re has been no rain all the
week. Average thermometer 64, highest 82, lowest 42.
Columbus, Mississippi,—We have had rain on three days
of the week, the rainfall reaching one inch and fifty-two hun¬
dredths. The thermometer has averaged 56, the highest
being 72 and the lowest 34.
Lelnnd, Mississippi.—Rainfall for the week thirty-two
hundredths of an inch. The thermometer has ranged from
89 to 76, averaging 60*3
Greenville, Mississippi.—We have had rain on three days
of the week, the rainfall reaching forty-eight hundredths of
inch. Weather cool. The thermometer has averaged 59,
the highest being 73 and the lowest 45.
Clarksdale, J’- iss/ssipp>. —There has been no appreciable
rainfall thus far this month. Weather dry and favorab’e.
Vicksburg, Mississippi.—Telegram not received.
Helena, Arkansas.—There has been one light sprinkle
during the week, the rainfall reaoning nine hundredths of an
inch. Picking is progressing finely.
Most all of the col to a
ijopen. The thermometer- has averaged 61, ranging from
44 to 74.
Memphis, Tennessee.—It has rained on one day of the week,
the rainfall reaching twenty-two hundredths of ;,n inch.
Picking and market in < make good progress. The thermometer
has ranged fi oin 42 to 79, averaging 60.
Nashville, Tennessee.—We have had rain on two days of
the week, the rainfall reaching forty-four hundredths of an
inch. Avenue thermometer 53, highest 74, lowest 39.
Mobile, Alabama.—It has b en showery on f* ur days of
the week, and has rained severely on on % the rainfall r< ach¬

1885!
1884;

2.0. O
3,0C 0

1,090

1.0*0

Tear.

7,000 1,489,006

3,000 1,417,000
7,000 1,011,000
6,000 1,567,000

Bombay appears to

According to the foregoing,

show an

compared with last year in the week’s receipts
of 4,000 bales and a decrease in shipments of 1,000 bales,
the shipments since Jan. 1 shew an increase of 43,000
The movement at Calcutta, Madras and other India ports for
the List reported wee* and since the 1st of January, for two
fears, has been as follows.
“ Other ports” cover
Tuticorm, Kurrachee and Coconada.

and
bales..

Ceylon,

Sh

Shipments for the wee?:.
Conti¬

Great
Britain.
Calcutta—
1887
1886
Madras —
1H87
1886
A11 othei s—
1887

1.

Total.

Oomment.

Britain.

99,000
bo.OOO

127,000

226,000

37,000

97,000

49,500

1,000

1,000

32,000

7,000
3,o0l>

56,500
35,000

500

50 0

81,500

33,000

114,500
111,000

1,500.

1,000

500

Total all—
1887
18*6

ipments since January

Great

Total.

nent.

64,000

47.000

230,000

167,000
87,000

1886

2,000

1,009

l.ono
1,000

156.000

1,000

397,00#
243,00#

that the movement fr m
t e ports other than Bombay is 1,000 bales more than the same
eek last y ear.
For the whole of India, therefore, the tofcil
ipmonts since January 1, 1887, and for the corresponding
:periods of the two previous years, are as follows:
The rbove

totals for the week show

s

><

Th** *herMilome¬
low. s 5.'.
Montgomery, Alabama.—It has rained on four a ays of the
week, the rain ail >e.t> hug two inches an t four Lundr- didis.
The thermometer has aveiaged 65, * -tngi'ng from 4 7 to 75.
Selma, Alabama.—We have had rain on four days of the
week, the rain mil leaching one inch and ninety-tour hun¬

inches and twenty-four hundredth-*.
ter averaged 68, the highest being 80 and tlu

EUROPE FROM ALL

EXPORTS TO

Shipments
to

from—

Alabama.—Telegram not received.
Madison. Florida.—It has be?mi cloudy and showery during
the week, the rai rail reaching lit tv-seven huadri d its of an
Auburn,

5,00*

Alexandria

07, the Jiigaest being

j Jan. 1.
jl.4 17,009

Since
Jan. 1.

This
week.

907,000
243,000

3.b()6

5,OOO! 1,240,000

3,000

4,0 00
1,000

2,000] 397,00*.*

Tot al

18H5.

Si nee
Jon. 1.

This
meek.

Since

3,0001,040,009

Bombay
All v.lher ports.

ing 62.

j

This
week,

all Europe

INDIA.

1886.

1887.

ranged tio:n4~> !o 72, averag¬

has averaged

Total.

nent.

increase

ing two

inch. The thermoniitfr
ill and tiie lo west 56.

This
Week.

3.0C0 366,000; 674,00C 1,040,000
4.000 322.000 075,000 997,000
|219,000 467,000 686,000
2,0 JO, 501,000! 032,000 1,133,000

I

an

has

-total. Britain

1,000

1,0.0

1887.
ISSf-

Receipts,

Shipments Since Jan. 1.
I Great I Conti¬

Great ContiBrit’n. nent.

Year

FOUR YEARS.

AND SHIPMENTS FOR

Shipments this iccck.

mometer has

The therm muter

Movement from all

India Cotton

being
favored by the dry weather. The thermometer has averaged
§8, the highest being 82 and the lowest 48.
Belton, Texas.—Picking has been resumed.
The ther¬
Brenham, Texas— Picking

dredths.

545

THE CHRONICLE

686,000
200

OOC

886,000

Shipments.—Through arrange¬

Receipts and

with Messrs. Davies, Benachi Sc Co., of
Ijverpool and Alexandria, we now receive a weekly cable of

ments we

have made

Georgia.—Rain has fallen on two days of the week, the movements of cotton at Alexandria, Egypt. The following
bright and clear.
are the receipts and shipments for the past week and for the
Columbus, Georgia.—Rain has fallen on three days of the corresponding week of the previous two years.
week;to the extern of two inches and seventy-four hundredths.
1885.
1886.
Alexandria, Egypt,
The thermometer has average d 62. ranging from 52 to 68.
188'
Oct. 1 >.
Savannah, Georgia.—It lias rained on two days of the
week but is now pleasant. The rainfall reached eighty-seven
135,000Receipts (oantars*)—
130,000
140.000
Macon,

but the weather is now

hundredths of au inch.
52 to 73, averaging 417.

The thermometer

has ranged f.em

This week....
Since Sept. 1

Georgia.—TVe early part of the week was clear
and pleasant, but during the latter portion rain has fallen on
Augusta,

inches and eigiity

four days to the extent of two
Cotton is coming m freely and picking
in thi$ section,
Average thermometer
lowest 41.

hundredths.

approaches completion
61, highest 77 anddlie

received.
day of the week to the
extent ot three indhes and twenty-five hundredths, accompa¬
nied by wind, did damage to open cotton.
The thermometer
has averaged 63, rangi .g from 60 to 74.
Charleston, South Carolina.—We have had rain on four
days of tiie week, the rainfall reaching one inch and nineteen
hundredths. The thermometer lus ranged from 51 to 79,
Atlanta, Georgia

Sia.ebxrg, South
the

Exports (bales)—

Carolina,—It has rained on two days of
inches and fifty-one Hun¬
thermo meter 60 2, highest 74, iovve-t 44.

week, the rainfall reaching two

*

statement we have also recei ved by telegraph,
Brio wing the
height of the rivers at the points named, at 3 o'clock
Oct. 20, 1887, and Oct. 21, 1883.
Oct. 2 0,

Kew Orleans .........Above low-water
Memphis
Above low-water
Washiillo
....Above low-water
Bhreveport...
Above low-water
Vicksburg....
....Above low-water




„

mark.
mark.
mark.
mark.
mark.

Feet.
2
4
1

9
0

’87.

Inch.
7
4
2
7
0

Oct. 2
Feed.
2
4
0
0
4

l,’83.
Inch.

6
8
9
1
1

30,eon

13,000

| Since j
Sept. 1.

12,000
1,090

Sine«

This
! week.

I

28,000:
5,000

!

Sept. 1.
15,000
5,00#

4,000

| 2,000

A cantar

is 98 lbs.

20,0C©

receipts for the week ending
and the shipments to all Europe

This statement shows that the
Oct. 19 were 140,000 cantars,

40,000 bales.

report received by cable to-nigh t
the market continues firm for yarn b
steady for shirtings. We give the prices for to-day below ,
leave those for previous weeks of this and last year for com -

Manchester Market.—Our
fiom Manchester states that

and
and

piirison :

1886.

1887.

ciable extent,
ragged from 49

41 to 73.
The following

*§

3,oooj 10.000

dredths. Aver ge
Last week rain fell on one day to an inappr.
arid the ihermomeier averaged C6*4 and
to 83..

Wilson, North Carolina.—We have had rain on three days
of the week, the rainfall reaching one men and eighty-four
hundredths. The thermometer has averaged 02, ranging from

K

&

'sO rV

This
week.

! 6,000
16,000! 49,000 13,0.0 33,OCOj

—Telegram not

Albank, Georgia.—Rain on one

averaging 67.

8

323,000

302,000

34*5,000

32s Cop.
Twist.
d.
Sep. 1 6 74
23 7*4

d.

®7i“,,

••

“

Out.
“

*.

Sc

7*>10*2/3

7
14 73s a 8
o-j 7% ft8

Cott'n
Mid.

8*4 lbs.
Shirtings.

Uptds

3.

d.

b.

d.

5

5 *3

6

9

5
5

7Jjn6
7 8206

9

5
5
5

7 ^ ft 6

7Xfl**6

Jute Butts, Bagging,
for bagging and the

9
9
9
9

d.
5 hi

57m
5:i;o
54
8

x4

32® Cop.
Twist.
.

d.
7
7*8
7 *4

8*4 lbs.

Coti'r9
Mid.

Shirtings.

Uplda

..

d.

d.
©7^

8.
a

6

W7&8

5
5
5

7

ft>7-\

73h,»71U6

b.

H6

7^16

7*8 Til ^8 5
7 311. V- 7111 ft 5

782*6
7hi«>6

&c.—There has been a

d.
6
7
7 hs
782

7h
7h)

d.
5%

571«
53ift
5*ie

fair inquiry

Sellers are quoting
5r,8@5:l±c. for \% lb3 ., 6@6^c. for \% lbs., 6%@6%c. for 2
1L>». arid 71^7140. for standard grades; but a large parcel
could be had a snade less. Butts are rather quiet, but prices
market is steady.

are

steady at

2^@2Xc. for paper

bagging quality,

grades ana

far

546

THE CHRONIC LE.

| Vol, XLV,

—

Weather Record

September.—Below

for

give the rain*
September and
previous months of this year and the two preceding years. The
figures are from the records of the Signal Service Bureau,
except at points where they have no station, and at those
points they are from records kept by our own agents.

June.

we

i

June.

Rainfall.

1887. 1886. 1885.

VIRGINIA.
Sorfolk —
Rainfall,in

Days rain..

1

July.

11887

1880. 1885

17

11

5-33
14

3-48
8

4*23
12

N. CAIi’NA.

1

WiUningVnRainfall.in
Days rain..
Weldon.—

Rainfall,in
Days rain..

0-41
13

8-81

8-21

10

8

Morganton

3*22

1

!

j 4q63
8

331

2-39 ;! 3-00
10
7 1

8-56 10-23
19 ;
17

13

i

j)|

4

!

1

il

! 6-77,21-12
10 !

0-75

5-00
12

12

4-04
15

17

4*4 i 1104

3-25
7

6-27 10-40' 3-86

3-48

7-40

|

12

8

8-05

0-30

14

10

15

!

11

18

io

10

9-88

4-38

14

10

1

1’34
7

| 0-40
7

5-87 i
15

5*02

y

12

9-02
16

6-34

4-01
10

j 15

1

5-69 6-16
2-77
!
11 1 13
8

0-37

4-03
5

10

4-39

13-18
13

»

t

8-25 11-62

2-82

4-25 14-00
10
7

11

0

6-70

12

1

1

7-74

4-40

12

14

5-90
12

451
8

3-44 i 0-77
13

5-97

0-08

11

5

1

0
1-51

3

I

3 45
5

3-20

!

0-81
4

i
1

2'9G

4

1-25

4

4

5

3-56

i °

7-84

7-01
10

3-03
10

3-32

1-54

2-92

14

0

0

12

1

!

8

Rainfall,in
Days rain..
Memphis.—
Rainfall,in
Days rain..
Ashwood—
Rain fall, in
Days rain..
Austin—

Rainfall,in

Days rain..

2731
11

1-041
10

T OO;
20 I

3'72j

8-06
15

1-58*
410
9

7

| 14
1*29 7*37
!

ji

2

1‘20: 5-20

0

,!

13

f

3-77

18'!

3-30

14

j 3-34
11

j

2-93!! 2*33

190 5*2fi
7 ! 12

2>9.
7

5-00

5-52
7 I

4 8':
13

1-21

6-49

7

12

0‘97
5 i

3*0'*

2-51

2-99

14

4

8

4-73

4‘50
8

16

9

10

10

0-19

3-28

1-62
10 i

1-20
7

2-97
4

3*31 +0*33
3
12

:

102
8

19

j

j
Ji

V85 6-08
5 I 11

0-9
5

Rainfall,in
Days rain..

8-2S

8

i 14! 8 j

Palestine —

2-57 2-37;
9 1
8 !

Rainfall,in
Days rain..

Rainfall,in
Days rain..
Cleburne—

Rainfall,in
Days rain..

Austin—

10 I

0*43! 4:2*40
12 |
11

1-74

5T«!

1-87
8

2-39
8

3 47; 9-S2
9

2-271

2-17

13 i

10

| 13

5 83
9 t

;

I

8

1-52
6

092
7

1-50
6

3-17
9

1-38

....

....'j
1*32
3

11

3‘24
5 j

3

DOS i

10

3-02

4-57

4-94

7

5

10

10*30
15

2-09
10

0*51

1-07

6-01
0 '

1*60

0

•

i

0

July.

June.

Ihermometerl

August.

! 1S87. 1880. 1886.

1887. 1880.! 1885.; i 1887. 1880. 1885,
i

Norfolk.—

192-5
05" 3
80-7

♦)4"0

98-8
59-4

76-1

80-5

|!

92 8
00*2
77-0

9V5
00*o
79 7

I
100*0;! 94-0 95-0,
1
95*(i 103-0
Highest -...I 970
i
09-0
03-01! 50-0 03-0
!
Lowest....: 54-0 01-0 02-0
1
o-Sl 0-05 2-78
0-83 2-29 3-38
Rainfall,in 4"70 9-05 2-80 ! ’ 8-83 ,,, 3-00
80-8
80"5
75"3 75"7
Average... • 74‘2- 73‘2 75‘0
4
3 1
12
12
4
11
10
9
17
! 15
12 i
10
Days rain..
t
luirlotte—
!
\
1
Atlanta.—
O’.-1
1
9
101-9 89"7 80-2 102-2 93" i 950
Highest...
^
Rainfall,iti 2-82 8-68 4-83 14* 11 1-87 4-02 | 7-51 2-30 0-91 i 4-20: 0-52 | 0-51
05 0 59-9
53-g
Lowest....
50-1;: 52 8 50-4
5:2*h|
- 56*0
2
8
12
18
21
9
19
11
i
13 i
4
8
7*i‘o
78-2
74'7 75-1
Days rain..
79
0
Average... 752, 72"1 750
1
l
Gavannah.|
Wilson—
1*97
1-64
12-03
Rainfall,in 10-70 7-24 8-1L 4-72 ! 7-02 7*88 i 1-80 7-32 14-33
92-0 92 0
Highest.... 990 91*0 923) 101-0 92 0 90"(>
13
7
22
14
13
17
12
11
10
17
lo
Days rain..
15
08-0 08*0 584)
5*4) 034.'
Lowest
520 58-0 00‘oj
i
Columbus.—
83-9
8/2
bU-5
78'9 7 8-;
Average... 81"0 773 78-8|
0-81 u-io
3 43 P.-73 0-89
Rainfall,in 0-49 10-42 5-09; 15-01 7-30 4‘o5
Morgan ton — ■
3
0
4 2
8 15
5 i j 10
b
i
7
0
Days rain..
9
b74); 91*0 94-til 92m) 92-0 98 "O: s5"0
Highest...!
j 10
1 I
i
fdiVgeville.—
Lowest
49"0' 57*o 01 I ! 09 0 08-0! 02"91 4S-0 03"i*
1
0-59 9'3S
4"0b 3'04
Rain tall.in
i 5"54 774
10-07 4#Ct)j
Average...! 72"t) 74-0 70*511 79-9 8U"bj 85-1 tjb'o 78'8
3
8
9
12
8
'
7
5
9
Days rain..

98 0
58-0

9-21

1

3-07
9

'

i

8-40
n

13

4-53 !
0
!
i

5 75

GEORGIA.

0-041
19 i

12

1

•

4-83

....

.

•

|

0"75
5

1

2-05
9 I

i

I

j

j

8

.

Average...

Highest.

73’1

;

j

.

Lowest....

I

....

....

95‘5

93*2|
50-5

71'3

90-9
55-8
74-3

•••

Average...

97 9
53 0

930

9-2-2
50-3

75-01 7o-3j
94-0

Weldon.—

58*2
70" 4

190-0
05 5

94-5

80-9

78T»

60-0

94-9!
02-2
80-7

Augusta.—

•

-

| 7

-

!

Clome.—

1

4-71

2-02

3’75

6

3-35

5

9

11

0

910-7

2-20

7-12

7

9

403
11

1-67
8

0-00

0-65

4

3

4-08
7

4-20

2-51

11

11

897

13

8

:

98-0
07"0
80-2

945
00-n

81-9

92‘0
00-2
78-21

88
51

j

42 3
019

89

58"3! 51
74"h

73

95-0; 92-u; 93-0
4h'0

77 5

68*8

93-9
39*5

93 5
72-0
70 9

70'1

9v0
550
8/5
950
r.S’O
7 J "8

89-1
47-6
ti«-9

87-0

58-0 4H0
75"3i 73'3

89 0

HIM)

38*0

5S-U
<51

87-8

74-0,

80-0

90'8
53-3
7 2-4

9i'0
120
72-2

90-1
4W2

93 2
07-O

5»i-0 44"0
72 0; 711

1

01 "0

■

-

89-4
59 9

91-01 91-21

i

Charleston.-*,
1 "05 4-17
i 2"05
11-05 3-85
Rainfall,!)
1-17 1
;1 2-b5 2-. 5
97-9 921
Highest., j 990 89-5' 90-4
9
2
10
9
7
4
Days rain.
! io i 10
Lowest
i 57*4 00-7 04-0 09-8 04"7
Forsyth.—
!
'
|
81*7 79-9
Average... 775 773 79-5
Rainfall,it, 3-00 111-13 4-01 12-70 4"2H 4-01
5-42 3-49 5-33:
2-57 010 ''8*07
Pacolet—
j
0
ii ! i
3
13
0
10
! 14
Days rain.
1
17 !
4
9
10 P
12
0-9
8
83-9 L07-0
Highest. .{10*2*0
1
|
J
FLORIDA
03-7 04-9 j oo-o!
Lowest
; 50‘"(i
i
...

4

3-08
ry

09-3; 71-01 7C

8. CA ROD’A

i

1

2-58

91*4
4H-0,

;

Wilmington-,

|

.

Highest...I

Lowest... ! 50 5

922

N. CAR’D A.!

2

i

! 12

3-48

1"55

5-00
0

5 21

8

••

•

2-70
12

4-42

1887. '1880. 1885.

II

VIRGINIA

95'f
55"0
75-0

3-00
7

9

2-12
8

4-98

0-20
11

September.

:

74-5i

1

5-07
11 '

15

2T5
0

Inappreciable.
t Observations taken on eleven d >ys only.
Rain gauge upset during the storm and about au inch lost.

002
77 9

4-70

5-00

9

5

9C3

15

3*09

2-85 12-33

5

92-8

3-22
10

0-85
10

2-52 13-31 20-01
10
19
13

|

i

l-60‘ 0-92 003;
6 '
5 I
3 i

Rainfall,in
Days rain..
+

!

!

2 07|

2 20
9
!

04" 4

5-35
12

1885,

TEXAS.
Qalveston.—

91-8
59"5
751

210
7

18S0.

—

i

2-09

1887

.

!
3-28 19-18 ! 1-31
i
9
13
18

September.

LSS6.)lbS5.! ;L887.i 1880. 1885. , ISS7.j 1880.[]

.1867.

*

3-55

August

TEXNKS’E.
Nashville.—

Fort Elliot—

4

5

4T2
13

0

j 15
I 4-00 !

1-24
5

9

'

7-49
13
.1
1-22

|
9-20
17

1-75

1-10

324

14

3-49
7

'
5-69

|

'

6-17

7-04

I

i
i

4-54 10-78
13
19

,

1

■

6-00
11

0

1-32 '|

5-H8
18 i

_

!

'

—

Rainfall,in
Days rain..
fl. CAROL’A
Charleston—
Rainfall,in
Days rain..
Pacolet—
Rainfall,in
Days rain..
Stateburg—
Rainfall,in
Days rain..
Aiken.—
Rainfall,in
Days rain..
Columbia.—
Rainfall,in
Days rain..

|

!

Charlotte—

Rainfall,in
DayB rain..
'Wilson—
Rainfall,in
Days rain..

T887. 1880. 1885.

|
2-72; 5-34

| September.
11887. 1880 1885.
!

August.

July.

Rainfall.

fall and thermometer record for the month of

900

91-3
63-0
70-4

0O"5
70-1

|
82-4 7S-9
0311 6-1-5
05-3
07*0!
| 49 0
To"*
Jacksonville78"8
77"7 75'2 705
9
-0
75*5
79" 1
Average*. : 72‘8 734 7
8-90! 17 97 ; 7-16' 5"7' (3*25 7-50 , 9-40 4-91 1903
Rainfall.in 0-03 4 7b' 8-98
I
j
I
Stateburg.— ;
-4
2(5
15
10
20
10
17
17
14
92
0
18
Days rain..
98-0 j 103-0
0
-0
9
Highest... ' 99*0
92*01; 92-0 90*0' 9S-0 1 92*8; 8S4» 8?0
i 15
;
Cedar Keys.—
i
Lowest
I 52 0 02-0 50-0 i 07-0 04*5] 59"0 57 0 H0 01 044)4 43 0! 00 0 51"5
'
1-33
I’ll
5*7*5
10-98
9-17
5-45 ! 7-OH
1
10-05
704
Rainfall,i- 8-05 7-81 79-3 77-5: 78"0
75"0 77'2! 78"2 71".'. 741
Average...! 70‘2 75"0 7
i *>
y
10
11
12
12 1
10 i
12
15
18
0
Days rain
Aiken—
1
]
( 89 S
Archer—
i
.'' 94'0j
...,4|
Highest....; 1010 90 0
0-30 12*55 1.1-45
9*72 14-49 5-9i;
Rain fall,it
H5-ol
M
8-37 5*50 iO'23
3 05 11-02
03-0
00-0'
Lowest
02 0
j
524)
7
9
10
20
i
10
2 >
22
13
15
14
79 5'
.1 70*7
10
-10
1
.1 79-8
Days rain..
Average...' 79*5 79-0
..

|

j

|

85*1;! 94 0

85-01

840

07’1",

13

0-4O!ll-72

92"o!

2-511

.

.

...

1

Rainfall.il
Days rain..

0-12 11-08

Jallahassee-

Kuinlull.ii
Days tain..

5-89

j 21

lb

5-00

r-rr,

10

10

7*82 10-21
14

17

I

20

5-52

2-47

18

11

0-55;

3-75

I

4*19

6-75

12

19

1

.

.

11

j

.

ALABAMA.

2

•

12-45 14-30
.

5"01 10"73

0-32

10

L

20
t

'

Sanford—

10

j 22

-

1

7’75
10

8

i

0-87

4*i5

li

4

515
....

10

Columbia—
Highest...
Lowest...

1

101-5 -89 0
54"0 62*0

1 7b"0
Average
GEORGIA. |
.

75"0

80 0
020
74 0

1103-5

90

95-8

!

oo-o:

04".
80-

07 "2
80"7

70-0

Augusta.—
Highest... 103*2

'j

i

i

944 99 0 103 8 97-0; 101 -h ! 99-2 100-0 99-1 | 98-2 94-0 95-2
44 9 00-1
n9 9 0O-7 03-7
51-8
08-8 02-Si. 01--.:
02"5 01 •>
Lowest
; 59" 1
1-12
3-37
2-03
5-37
3-03
78*8 7 7 "0 79*2 ! To 8 71"7i 73*8
8'50
2-04
81.-8 77-9. 80-7
Rainfall,in
Average..
78*9 75*5 77-S
20
22 :
10
l)avs rain..
11
4
5 i 13
7
15 j 10
10
Atlanta.—
T
j
Mobile.—90-O,
7
8
01-2 94-0 91-0:1
7
9
8
1.0-2 100 0 93-0 91/ *
Highest... 97"0
51-0 02-0 0o-o.i! 4 4 8
431
3-0; 530
Rainfall,in 8 91 5 04 4-18
OT.0! 3*81 i 431 3 [)o 0-07 0-21 2-05 0-23
50-0
59-0 00-0’ 50-0
00-0
Lowest
57" 1
7
12
20
;
15
i
<3'2 09-5
14
10
0
S
.21
12
77"0 77"3 78"2
10
20
Days rain..
70-2 7«'0 70-7,1
Average... 750 72 "3 70-4

Montgom'y.—

i

3-31
8

8-01

i-«

|'

432

O.V.!

,

|

Selma—

j 10

!

Savannah.— r

t

0 1" 3 02
4-11
0-71
1-30 3
3-74
95-2
93-2
9t o'; 93*0 92-7' 90-3
2
Rainfall,li,
4-85 4-05 5’fiO i
1-77 325 2 07
9
95*0 101-0 02-0
Highest..
997
!
2
8
14
10
9
0
41
05-0 05 b 00'Ci’j 50 0 0.V0 02-0
1U
9
lo
09-0 0O-(); 05-4!
Days rain..
5
Lowest
00-0 00-5 04-0
Auburn—
10
7
i
70
0
!
80" 4 80"5 8.-5!.
79 1' M • 1 ' 7 3 0 7 7 2
Average...' 77' 1 ?i»\S 79*7
i
I
Lain lull.in
8-151 3-30 21 00 4-40 010
7 18 o-lo 4-77
4-.-.2 5-21 3* 15
Columbus.— j
2
14
9 i-> 89-0
14
11 j
15
11
95-0 950' 9.0-0
lo
5
20
10
Days rain..
n
Highest. .' 054)! 92-0 90-0 102-0 90*0 9i"o
*>7"0 00-0
l
Lowest
! 71*0 00-o 07-0, 72 0 70-0 00-0 070) 0n(l 0501
tiOUIS’AN A
!
79 0. 75"0
bO'U 8 ru 7b"0
82"U 804n 80-0
Average...! 81*0 79-9 Si)’1
New Orltans1
AliVgevilie.—. j
0-51
Uainlall.in 11-.35 9-30
4*0.4 13*55
7"85 1 4-35 O’15
4-07 2-40 4-25
9L-0 92-0
04
9
94-1 ;
i'5-0 00"
93o
Highest...!
20
11
17
20
12
17
13
7
It
Days rain..
20 i
13
18
03O»! 5-VO
0 4-0
0 ■.*<•; |
00-t 1
03-0
0J-O
02-.
Lowest
1
Shreveport.—
.
..
7 7 3 75-3
80*0 Sire
8j 0 79'8. |
77-9 79 v.
Average...
I 3-85 2"5S 4"8!-‘
Rain fall,
4-00 4-16
304
4-18 6"70
3-00

$

•

3-3.11

•

...

j

....

in
5-77;
2-07
j
0*0*2
(
Rofm.—
1L
12
11
/
15
8 i
10
15
10
5
Days rain..
5
8
0
8
8
90*0
95-ei
0
9
9
95 0 95*0
9(*o
1
Highest...
Srd. Cuteau|
5S"0 54-0
01-0 5b-0
0.5''
0L4* t.o-o
(icu1!
Lowest.,..|
55 J
4*57 5-0i 10-58
003 y07 5- ;i
Rainfail.in 0"73 11-31 7*57
1-87 102
1
740*
77 0
71-e
78"0
78" o S')-H ;!
750 7
Average...
13
10
11
9
b
0
12
9
10
Days rain..
13
0
1
Forsyth.—
j
JAbertyUUl—
1.-1-2 91-0; 9J-0
9 vo 93-0
Highest... 1101*0 02-0 920 102-0 91-;» 94-<
Kainiall.in 4-30 0-20 5-84 11*15 402 4-1!
2'74 5-42 7-00
8*27 4-81 2-7 9
0<S*('. 59 '
*'4‘0
73 0 <50 07-<
<>2m
0S'O 04 m
O0-O 00-0 04*1
Lowest;..
7
10
12
8
b
8
3
14
9
i ;
Days rain..
0
5
M)
3
79 7 7--2
70-51 78 6 71-0
Average...! 70"7 70-4 78M> 8l".5 79*0 8U"b
.

*

■

exdumbus.—

Rainiall.in
Days rain..

Z'icksburg.— ]
Rainiall.in;
Days rait)..
Sroukhavtn— |

5-20
12

4-3hi
!

9

1-39
3

4-07
10

2 90

lu

5

9-03
21

2-90
10 1

4-1 1
17

1-5S

7-30

3-10
0

19

481

15

3-35

b

9

! 2-27!

1-37

2

4

4

!

0 90
15

(

104
3
!

4*55

5*13

5-28

7

10

10

5-50

l-9ui

1-20

S’10

11

12

1-00
0
i

244

2*42

9

10

9

9-2o

250

8"2e

17

9

3-701

i

8-20

13

!

7

|

14

1

2-10
5

5-08

2*89!

8

i

i

1-30
5

2-20

3*75
9

1-9,

2-99

7

3-70
3 !

3*01
2

1 24
2

4-20
7

1-211
5 !

o-:;o

3*49

3

0

334
0

j

Rainfall,in' 4-4S 10-00

raim.l

2-91

..

15

lo

0

Clarksdale— '
Rainfall,in 0'9b
Davs rain.

ARKANSAS.
§Littie Rock.Kainfall.in
Days rain..

Meltiia—
Rainfall,in
Dnys rain..
Eoi't Smi h—
iiainfall.iu
Days rain
.

3-301
t**

4

0*07
11

1*40
5

1

7-5i

I

0

7-30
5

7

liainfall.in
Days rain..

4-99
4

1

!

dlosier.—
0‘2o
1

....

•

•

.

•

••

i

[

|

^

8-92
10

2-20
14

0-31

1-29
13

2-30
7

i

10
0 00

1

13

3-81

1-74
7 1

10

2-31
10

2"75 i 543
!
11
13

320

4-8b ! 2-20
15
11
;

2-63i 2‘4b
12 i

j
i i

1-18,1

0-9b
0

3-78
11

8

8

1

•

•

4-94
12 1

1

04"1
Average...;.77 9
Cedar l\> ys.—! '

00"9

95>
07‘b

8<>'7

80 1

Lowest.....1.

Highest...! 88-s
Lowest.... i 03"5
Average...] 787

3
SI'S
< 9

5-28
6 1

8

!

.

Highest....! 92o
l.owest....j 02‘0

Average...!
Sanford—
Highest...
l.o west

71*3

237

I

1-8)|
10 !

|

2-99

101H

1-73
4

1-92
11

0-:’4
10

8-83

j

8

3 74' 422
10
11
1

12-7
08 7

91-0
70-2
8i"0

077
80 "8

370
08 0
80-3

91 '8
71-0
82-1

91-7
70-o
#5">

90-0
74"0

91-0
7l'o
75"3

9501
05‘O
79*8

07-0
09 0

94-7
70 0

944
1)9-4

944
07 9

94-9
70 0

78-1

79-5!

80-b

790

797

89 0
72*0
78-0

91*5i
74*5

91-5
76-0

94*01 92-0
7)-0! 73.0)

95 1

55"3

oo-l

92-li

91 "b

0,v 9
00"4 H.r80‘4. 8P4!' 82-0

‘*>0

nh"0
79"8

920)
70>

b.O'b

98-0
00-0

80-7

75"4. 83‘0

94 8

j 04 "4

94‘7 90-5 M 9S-8
05 0 080;; 079
8U*5
79*3! 7b"4

93-3
00-8

;

923)

930)
75‘0
79-0

92 5
72 Oj
82"0i

4-08

j

9

0-09
5

Lowest
Average...

01-0
790

950
030
77*5

95-V 100-4 93-0
03V
70-4 (>5"3
70-S
79-7! 790
-

Mobile.—
93'3
02-0
777

00-3
05*4
77-0

93-0
03-0
70 0

Uignest... 94-0
Lowest....! 01-0
Average...1 77-0

95-0
05'O
79-0

94-0
020
7b-0 !

Highest...
Lowest....

Average...

.

Selma—
.

j

02 n
77 <>

93-0
02-0

94-0
7001
81’W1" ?H l

|

98-0
03-1
80-2
.

59 1

97-8
00-4
80-0

|

79-3

;

93-0

970

05-2

07-4
709

94*0
00-0
707

95-01

90-0

95-0

7 3*0
81-0

HUM'

91-0
03 0

82-5

78-4

79-81

91-4
0 * 1
79'4

|

79-9

93-0
750
83-0

70-uj 0<"O

780
93‘S
t'8‘4

0/5
79

3| 78-5
88-0
05-0
74-0

0-u!

94-2
00-0
79-u

|

j
j
9S-81 pro!

53-2
770

! ypo;

53*9
? 4 *4;

75"2

j

91*7 90-4
54" < | 59-8
7.-0 700
89

oj

j 74.7
510 73-01
S'<-2
i

91-2
08‘5
79 9

92 4

95*4 !
50-0
044)
79-7 -f

93-0
70-0
80-0

07"9

92-o: 94-0

93*0 ■

|
90"5

92 5

790., b2"2

04"O
77-8

i

97-5 92-7
68-0; 04-8
80’4, 78-0

08-0

92-0
000)

83’H‘ 82-7 82‘0! 81-o;i 70\8(

1
i

Highest... 102-0

I

;

70-0, 78-0; 78"3

,

....

l-o-l
5

94-1
70-2
80*7

i

Montgom'y.—
2-17

9;;-b
0180-1

04-b
70 0
82 4

9.3-7
70 2
80 0

Archer—

Lowest. ..t 704)
Average..
80"2
•

100-3

.

10

;

94)3

Highest

-

•

•

j
I

0

•

91-1

A LA MAMA

1-38, 4-11
1

I

Highest...!

Tallahassee

3

I

FLORIDA. I
Jacksonville. |

Average...! 77’0
-j

1-8.3

...J

1
i

§ Records destroyed by tire.




2-7w

0-01
1'-.

Leland—
Days

4-32
1

Liainfall.in 3-80
8
Days rain..
&reenviUe— j
Rainiall.in: 3-74

Days raiu.J

6-42
lb

'

AilSSlb’PI.

920
08-0
70-0

22, 1887.1

October

jhermometer

1

ALABAMA

—

Highest...
Lowest....

91-0
(52-0
70-t

-

Average...

9-VO
720
83-0

90-0
60 0
75-C
1

LOUIS’NA.

1

1

N. Or leans.-

Lowest....
Average...
Shreveport —

.

92-0
70-0

9P7
71-6

78*7

| 82-2
!

Average..

Or'd Coteau—

90-5
6.<-4
776

Highest....
...

Average...

Liberty Hill—
Highest....
Lowest —

97 5
63-8
78 9

4)2-0

; 02-5
1

02-9

77"5

,

95-0
51-0
73 3

92-0
50-0
70-0

940

92 0

88-0
50 0
740

I1
92-5 ! 94 .3
745 i 7P0
829 i 61*0

1

94-7 932
07-8 : 09-01
81*4 80-4
■

92-0
05-8

(Wll 61-8,

77-1

77-8

773

95-2
101-5 101*0: lOO Tl 100-0 97-0
530; 54-9 5f8
(55*0 03-8 01-8
752
70-9i
Sl-6 82-0 i 81-8

05)0

8P0

82-7

94-5
70*5
81-5

92 5
08-3
83-3

930
82-7

34*9} 82-0; 820

940
73-0
85-5

910
71-0
850

93-

92-0

79-0

790
89-3

b7-5(

90-01

93-3 940
05-71 71-8

09-0

87-0

00 0

89-2

93*1:
505
77*1

90 2

90-0
(5S-0
81-0

880 87-0
0-VO J 69 0
81-7 78-5

54-0' 02-2

j 78'3| 77-3

94-0

940
7P0
87*5

70-0

85-9

'

1

!

MISSISS’Pl.
Columbus.—

9P0

j 82 "4

81-6 j

1887.11880.
1085.
~T

j1885 j

99-7
69-2

90-0 ; 9i-o
77-0 ! 810
85-5 80-3

Average..

j 77 8

1

now stripping tlie leaves off, which will make the cotton open
rapidly, but. the staple will not be so good. One farmer in
toms thinks his crop will make over two bales to the acre if it opens.
His cotton is rat k and the worms are stripping the leaves.
Nashville, Tenn.— The severe drought of one month's duration termin¬
ate Ion the 17th.
The first frost of the season occurred on the 24th.
But little damage resulted to the tobacco crop this year, owing to the
timely warning given by the signal service. The last half of the
was unusually wet.
worms are

!.

.

94-0 89 0 90-0
1
96-0! 1050 100-0
90-0 95-0 93-0
90-0 92-0 98-0
420. 42-0 400
520 54 0 570
58-0 00-0
02-0
04-0
52-0 020 27
71-0 72-0
Lowest...
73-0 76 0] 80 0
7o-0 81-0
790
60-0
70-0
70-0
Average ..
96-3 92-3 92-0
95-4 90-3! 97 2
Vicksburg—
95-3 91-0 88" 7
931 90-2
522 53-4 53 0
01-8
00-1
04-1
Highest...
64-4
05-8
08-4
00
9
05-8
-4
6
75"9. 707 739
Lowest
...
7y« 80-4 790
80*0 80 8
79-9
80-8.
70-4
76*7
Average...
94-0 9P0 83-0
Brookhaven—
5)4 0
95-0
98-0 94-0 92-0
950
50-0 580 59-0
Highest... 940 90-0
60-0 05-0 05-0.
000
(530
69
0
50*0
Lowest.... 500 000
700 78-0 73-o; 02-0 70-0 730
88-0 78-0
81-0
78-0
750 750
Average...
9 VO 03"0 87*0
'Qreenvilie—
95-0 950 94-0
95*5 95 0 9(5-o'
95-0 5)1-0
0-7
9
05-0 04-9 ! 55*0 !• 53-0, 57-0
Highest....
04-0
(57-0
07
0
700
70-0
730 72-0 750
79-9
Lowest.... 61-0 04-0
82-0 82-3 820j 845 82-5
84-0
Average... 790 74-0
98-0 94-0 90-0
Leland— 9)5*0 940 95-0
94-0 93-0 94-01
400 4o*0' 500
00-0 (53-0 09-9
Highest.... 92-0 90-0
<530 00-0
67-0
55’0 01-0 3
754
7
Lowest....
790
794 79"5 • 73-4
78-0 olOi
78-4
70-0 75"7
Average...
940
Cltirksdale—
98-01
960
40-0
Highest.... 9(i-o
i 570
I (55-0
52 "0
72-1
Lowest
7^*5
797
|
j
75T
Average...
j
1
Qloster—
9l-0
"
j 99-0
i
Highest... 98-0;
0SO
j
02-0
65-0:
i
Lowest....
83-0
80-0
82-01
i
Average ..
,1

Highest...

•

■

910^

.

)

j

||

...J

...

....

(

j

....

....

...

-

....

■i

....

...

....

.

.

.

....

i

AUKANS’S
Little Rock.—

.

920!

96-0

92-0

Lowest....
Average...
Helena—

59-o
76'0

<>L*0

590!

700

77.>0

lliguesl...

9K-0
580
79*0

Highest...

Lowest

‘

..

Average...!

920

1
5)30;

(}:]•(i
70*5

1500:
790

513-9
55)’2
73 8

930!
1)1 Oi

lort Smith-.

Highest...!
Lowest
Average

94’8
57-1

—

..:

75'8

i

j

5)1-1
55*0
72-3

96-1
52-0
Lowest
7-4
7
Average..
\

Highest,

i

55"5

Lowest....
Average...
Ashwoiitl.—

770

9(>o
Lowest.... 550
-5
7
Average...

Highest...

.

Lowest....
Average...
TEXAS.

100-0
590
74"1

Highest....
Lowest...

75*4:

5) 50

5)00

040

OliO

5)7-0
(52-0

80-1

81 "0

•'•UO

90*0

5)8-9
(SI-O,
81-9

100 8 JO r5

97-5

5-5-i). 97!)

i* 1
7 7'2

4

98 O
0>*6
80'U

.,

j

75-4
890
58-0
730

900

920
0OO
747

9P0
59-0
76-0

87"6
0S-2
790

02-0

790

5 00
07-2
80 "3

Oii’T

Lowest....
Average...
Fort Elliot —

0<;-5t

050
77 5)

Highest...

91-2

Lowest...

573
73-(5

1*7*7

D?*N

80-7

77-()|

78-5

78*5

58‘ 7
iol 5

9:»o

9)5-2

9)5’3
04-u

5)7"5
58") 5

♦57-3' 64-2;

|

04-7 l1 78-9

80 7,

79-8

5)5-5
l-"7

97-0

93-0
90-0! 9S-(:
00-0: 50-o i 550
67 *5 82-0 :

|

700

yo-51
1
;oro

74-0
S>‘?

97-9
(59-4
78’9

07 5)

75"o

82-9

82'8i 84-9,

91"(5
03*2
7 8 *4 j

101-5;

9 VO
540
72’2

9S*7

05-5
82’e

98 9
92'9
79-

i

84 0

9C*71

98*5
59-5

Crop.—The Bombay

73'8

5)1-0
4. ti)
71-2

95-2

88-2

45-0' 4(5-2
703

9S'7i 91 "0

Sv3

49-2i

til'8

53"41

73-4' 717

90-0i

9.8-0 I
09-9

!

0U’4

j

45-0
72-2

Company’s (Limited) cotton

report, dated Sept. 13, says:
Owing to the unfavorable nature of tlie advices of the new American
crop as reported by the Agricultural Bureau, a large speculative busi¬
has been done Imre in new crop cotton, but export*rs
entirely out of the market, the business being couth cd to
Bengal cotton is in leanest, but sellers are afraid to commit
ness

have been

natives. New
themselves
until the crop is assured.
Complaints of too much rain continue to be received from several
districts, more especially from Khandeish, and the yield there is
expected to be small.
The Bengal and Oomrawuttee crops are expected to turn out shorter
than last year, but in some of the large districts of Oomrawuttee the
plants are in good condition, and it is too early yet to form an opinion
Broach has been favorably spoken of
to the outturn of this crop.
lately, as the young plants have derived much benefit fiom the rain
The Dhollera, Comptah and Dliarthat has fallen all over the district.
war crops ate progressing satisfactorily, and promise well so far.
The rainfall to date in Bombay i3 91 inches, against 94 inches last
year, and ag ilnst an average rainfall for the season of about 80 inches.
The following is from Messrs. G iddurn, Bythell & Co.’s
as

report, of like date :

favorably in most dist ricts,
has been dry a -d sunny
plants arc said to be in a
tluiving condition; but from some .parts of Khandeish and Berars there
are complaints again of too much rain, but nothing seiious, especially
a- tlie weather looks like clearing up.
There has been no more rain ia
the Bengal districts, and prospects are improving.
Comparative Port Receipts and Daily Crop Movement.
—A comparison of the port movement by weeks is not accurate,
tlie weeks in different years do not end on the same day of
she i nonth,
We ha ve consequently added to our other standing
'aides a daily and monthly statement, that the reader may
xmstantly have before him the data for seeing the exact relative
>.element
for
the years named.
The movement since
•'eptember 1, 185-7. and in previous years, has been as follows. “
The new crop is reported to be progressing
the Broach and Dhollera distiicts there
weather for upwards of a week past, and tlie

lu

i

71*1

’3-8

79'5

llonlhhj
Receipts.

Year

1887.

47-0

72-0

90-0
50-0
70'0

Sopt’iuo’i

|

654,776i

Bcfjinnini/ September 1.

1886.

1885.

1884

1883.

1882.

359,203

385,642

345,445

343,812

326,656

Pere’tagc of tot. port ]

receipts S q-t.

30.J

0 P75

07*15

07*23

oM6

05-13

that up to Sept. 30 the receipts at the
this year were 205,573 bales more than in 1886 and
260,131 bales more than at the same time in 1885.
By
a iding to the totals to Sept
30 the daily receipts since that
ti ne we shall be able to reach an exact comparison of the
movement for the different yours.
This statement shows

ports

1

•

925

5)8-2

1*7*7.
64 2
.09-4

(54-5*
■80*5:

35)" 5*

0PS!

♦5.3*4

30"9’

8) ’5)

8P2

].

7'

101

7oO
83" 2

70-0
8f>-0

>2-3

SOO'
43 9
72-3

77’3j

5441
7 i*4; 71-9
83-1 83'2
109-0

990! 950

02-O
770
5)8-0
*53-5
830

East India

-1

95 0

59"()l

55)0

790

10P5 10. >‘5
710
.-7-1

5T4
700.

7 o-o
1

'

•)

5)7-9

!

7V3 ;

M2,,
J

5IV8
50-5
74(5

5)S-(j

5H5-0
.83":-

1-1 -9 103*0
7i-9 09-5
9.5 i> •MO

5)8-5
(50-5
MO

Ml

75-9

•

!

8-9:

.

90-9

r

9S'( ■
r>.*D
83:0

77 "Z

9--7
5vj)

04-0.

0"Ui

0*'-)'

■

drStioyvd by lire.

remarks accompany the
ports for September, 1881 :—
boon
The

73"0

9)5*1

■

,

50"( i
7U 4

9So‘ 93-0

»‘i; -\)

VO;

8S-0

morning of 24th ; local and but little dam¬
drought was broken on the 96th. Cotton picking
little top crop; every boll will mature.

Ashwood, Tenn.—Frost on
age. The continued
well advanced; vtry

1

04-0
78-s

1(5-0

52 O' 54-0
74 "0 74-0

|

91-3’

94-5

91-0

Highest.... 101-5 101:5

U0-0!

5P0
75 0

103-0 51(50' 5)8-()'|
7.8-0! 52" (>; J (540 04-U 02-9 i
8P7; 77*4 78*.t'|
77-9 7*y,r

90-01 9(5-0]

5)2V»

Lowest....

J Records

7,-8(

i

9"’4
07 2

Highest....

17-2

97-0

i)

.

98-0

..

79 0

90-3

9.’o
73-4
84 O

—

Lowest
Average...

78-J

,

h

5)54

Average...
Austin—

DTI

9(91:
57—

i

Highest...

..

D i * 1

90'0
52 0
74 0

!

02-0;

90 0
507

00-3

i

79-31

64'

Palestine.—

Average

940

55)*2; 92-9
7.-0 890

-

*

0 leburiu

9 1-0

month

1

5*8-5

95-7

Galveston.—

Average

9 CO
),7-o
.83'0

1

«j-,i

1)3-0
(>3'4

9 5-5
52"9

970
5< )• 1
74'9

9.80
1520
80-0

9 SO

9 4-0
151 'll
800

103-8 103-m
050 620
81'5 79(5

(50-2

Austin.—

Highest.

5)7-0
60 0
01‘U

0*5

.

Memphis.— . j
Highest... I 90 (5

(54*2
8P3

(

!

TKNNES'E.,
Nashville.—

ICO"))

tlia bot¬

move

65-9

9P0 ! 92-1
1
090 (50-4

72-0!

92-0
595'
78 0|

91-5
62; 0

1880.

|

1

103-8 100-4

05"7

| 78-7 |

j

95-8 92-9
70-0 70o
80-5 j 79 8

97-8

100-7
no60 2 03-9 j
8 j*2 7S"7 1

Highest ...
Lowest....

~

j

!

Highest...

Lowest

i

1
1

!

Auburn—

i 1887.

1887. 1880. 11885.

i 1880. i1885.

September.

August.

July.

June.

547

CHRONICLE.

THE

following

Stalebanj,

C.— Him f

month's

grea-f defit-iene

of raiii (lur-iru

Mb-w tlie mom-il fori be
middle third of the mo.itli w s vt r.» lu>t.
vor.tbu* lor the oj,-l ing .uni picking
pioporiinn of ih<* or p ins t»i e i
gathered. For Hi * fall crops, potatoes, peas, turnips, etc.. Uic weather
hits :>een unfavorable.
Farsyth, Ga. — A )ulh has been quite favorable for gathering crops,

li ,mu ; hi* uo-.-ui u-mperufniv w;i~
yoiis. though lii *
dr\ no>8 of tii,} wt-ai bei- was very in
of the cotton crop, 8 > Thai a large
m *u.

seven

Cotton bolter than expected a
1 otal
1,45 4,bo,
warm—favorable to gatlioiing of chit,
Percentage, of tot:;
rice and coitoii.
Tallahassee, Fla.—Weather dry, as it usually is at this season. Cotton
port ree’pi.s. Oct. 21.
is
fair crop and in good condition..
Grand Coteau, La— Drought- eontiuued dining tlie flivt part of the
This statement shows that the receipts since Sept. 1 up to
month.
W, atlier favorable to the gaiheriag of the cotton ciop. The
caterpillars have don.*, harm—the mss is estimated by some as one- to-night are now 418,162 bales more than they were to tlie same
fourtli.
day of the month in 1886 and 418,371 bales more than they were
Vicksburg, Miss.-Thu drought ended September 15.
to the same day of the month in 1885.
We add to the table
llrookhaven, Miss.—The lir-t part of Hie'month was very warm and
tne peicentages of total port receipts vvhico mu oeen ieoo:ved
dry and tlie latter part quite cool but td! very dry. Crops have be • n
to Oct. 21 in each of the years named.
materially inju ed nyuiouglit. J lie top crop of cotton is a failure in
this section.
The Exports of Cotton from New York this week show an
Greenville, Miss.—It lias been very dry during this month and favor¬
able lor cotton picking. Tlie condition of the crop is a little worse than
increase compared with last week, the total reaching 27,924
last year, owing to drouth and worms. The prospects are that there
Pales, against 24,259 bales last week. Below we give our usual
will be less cotton iuade this seasou than last.
Clurksdule, Miss.— Splendid month for picking. Tiie bottom crop lias
table, showing the exports of cotton from New York, and the
been gathered without lo.-s, and pi ogress is being made on the middle
direction, for eacli of the last four weeks; also the total exports
crop, which is now mostly open.
and direction since September 1, 1887, and in the last column
Helena, Ark.—Reports from the country are that the cotton is about
all open ou the uplands and will soon be all gathered.
In the lower the total for the same period of the previous year.
overflowed lauds the crop is rank and not opening much. But the

and good progress
month ago—fully up
Amur. Fin

a




has been mane.
to an average.

—Wry dry and

THE CHRONICLE.

:548

Sept.

Oet.

Oct.

‘XV.

6.

13.

Oct.
20.

10,689 10,519 13,114
4,700 7,040 3,521

Liverpool
Other British porta

€24*

128'

Havre

i

period
previous

Sept. 1.

year.

Gai.vfston — For Liverpool—Oct. 15—Steamers Cbarrington,
Vole.
Ocr. 17—Steamer Victoria,
.
New Orlv ans - For Liverpool-Oct. 11—Steamers Californian,
West Indian, 2,8< 8
Oct. 15—Steamers Inflexible, 5,92i;

8,627

82,135

93,519

5,700

22,328

10,104

1,592

1,724

For Bremen—Oct. 14-Steamer

202!

For

4,887, 11 261

610

577

9,762:

5,347

4,680
3,479

4,496 2,498
2,050, 2,792

6,12c
5,088

19. 01,

13,V 97

15,l33j

8,526

Total to No. Europe..

8,860

6,743j 5,900

11,785

37,596

27,870

701

6C0

Sp*u,Op*rto,Gibi.’it’r,<fcc

260,

All other
Total Spain,

The Following are the

Iteceiptt
week.

Texas

Savannah

..

1,436

120

3,069

2,636

This

Sept. 1.

week.

9,209

52,909

13.010;

80,022

IS,07 7

72,419

.

•

l

Baltimore for the past

Philadelph’A;

Since

This

Since

Sept.1.

week.

Sept. 1.

3,023

15,531

■:

•

•

•

80. Carolina

4.127

No.Carolina

347

j

Virginia....
North’n p’t,a

0.9915

Tenn.,&c....

|

......1

0.12(5 1
2,087

42,

5,917

21,254

151|

440 !

3,220

4,472

204

607

13,294

56,994

4S.75H

Last year..

29,125

3,32 * 1

170

.......

15 737

|

7,809

1,732

1

209,510

:

220,202

1

1

9,014

[

39,598 !

1 2:8

1,97.9

I,'57

1,453

11

172

2,982

13,424
286

"’**

5,508
2,120

14.011

4,725.

21,091

S, 151

5.383'

17,493

of cotton from the Lbd
Latest mail returns, nave roacr* d
146,455 bales. So far as the Southern ports are concerned, these
a;e the same exports reported by telegraph, and published n
the Chronicle last Friday,
"With regard to New York v e
include the manifests of ail vessels cleared up to Thurwie.v,
Shipping 3News.—The exports

8tates the past

week,

as per

Total bales.

New York—To Liverpool, per stoamers T'onati, 1,141
Germsuie, 2,192
PciinsyIvania, 1,150
Ifaly, (3,1 *4

.

received to date of disasters to ves¬
United States ports, <fec.:

extinguished by the tug’s pumps; less aboui $7,000.

was

Botiial, steamer (Br.), at Charleston, will; 3,0<H) bales of cotton on
board, look fire at her wharf Oct. 14. The. tire was confined to
the after-hold, which was llooded. The vessel was pumped out
on the If th and the cargo discharged from the after-hold.
IIl’ghendln. si earner (Br.), at Savannah, for Bare* man, with 3,396
bales cotton on board, took tire Oct. 12.
Vessel flooded forward.
Flic was suivcyed same day and it was iee<muue. ded that the

in the fore-hold be, discharged. Seventeen hundred bale*
le-s daumg d by smoke and water.
The vessel was
pumped cut on the 141 >.
Xatisteamer, airived at Savannah, O’t. 14, ft o n Augusta, Ga., after
being aground up ihe SivannaIt River. On cvciiii g of the 12th,
while trying to work ofi'the samlbar, h«-r iiucoot 6iO bales of
cotton took lire,--and 340 bales were, consumed or thrown over¬
board and hot, 'the forward par. of tin* lu-ai was badly dam¬
aged. and .-lie rem-ln d S*..vann;:l wim difficulty.
Nawoi.th Castle, steamer (B .i, at >» w oriea.,8 for R. vnl - On Oct. 10
sparks in m the donkey ermine fun nd of sti nun r >a\< oit h Castle,
at New Or leans, st t lire lo Hi
cotton in Ba.c; No.
« f that vesgd; also to the coitm: in hatch No. 2 of ntenmer
ingdom (Br.)
alongside and i- > one bah* si or.-d o ;v.h «j f. 1 In tire was lmmedi¬
cargo

wer

more or

ately extinguished w ith litile or rot damage.
Parklam>8, stc ami r (Br.), sum li, with l,e*0 bales cotton, caught tire
in her cargo win e alongside the wharf a' .Wilmington, N\ C., on
Oct. 14. Eichty biih s were damaged by lire and a nut 800 by
water, m st of these vety slrghtl-.
Tie bales from holds Nos. 3
and 4 were di.-duugi <1. I in- i\ si of Hie c rg-> . 11 mu, be. disturbed,

Wisconsin, 951
Hull--per steamer Santi:igo, 4,700
To Leith- per steamer Croma, 1 ,< 00
To Ilavrt—per f-teamer La Bourgogne, 1.502
T-» Bremen—per steamers Eider. 402....Trave. 175
To Hand urg—per steamers LessiDg, 1,104.. .Mo: avia, 2,723

8.027
3.7< 0 j PiU LMX, steamer (Br.), from Charleston for Baicdona. was on fire at
) ,(H‘0
Gibraiiar Oct. ;4. Tae. fi c-wa.- extinguished.
Itwas confined to

Taormina. 2,2oj
To Antwerp—} er stt amers

6,120

To

Waoland, 1,241

Couinck, 2,300

577

Pieter de

De Ruyter, 1,547

To Marseilles—per steamer Chaudernagor, 100
To Genoa—per steamer Futnessia, 100
To Mexico—per steamers Manhattan, lo... M« xico. 10
Hew Oiu.kans—To Liverpool, per steamers Discoverer, 4.3L4.
To Bremen-per snamer Raphael, 4/‘03.y
To Sebastopol—per steamer Winchester, 6,140
To Genoa—per steamer Viola, 4,750
Savannah—To KevaL-per steamers Georgia, 4,300
Suez

5,°&S
100
l< 0
20
4,3 i 4
4,8 3
6,140

8,8 M
5,463
4,050

3,s25

6,016

Empress, 5,345... Mandal ay, 3,675.

15.036
4,4ut

To Bremen, per steamer

Propitious, 4,401
Wilmington—To Liverpool, per steamers Benacre, 4,531
Nicosiau, 3,800
To Bremen, per si earner Pi usher, 4,000
v
Norfolk—To Liverpool, per steamers Guido, 8^125
West Point—To Liverpool, per steamer Liscaid, 5,890
.
Baltimore—To Liverpool, per stt auter Barr-nvinore, 3,121
Boston- To Liver'pool, per steamer Catalonia, 1,558
To Annapolis, per steamer New Brunswick, 4»
Philadelphia— To Liverpool, per steamer British Prince, 1,33 >.
Total

.

The

particulars of these shipments, arranged in
form, are as follows :

8,3

l

4,000
^,12.5
5.800

3,121'
1,538
44

1,035

L Iter-

pool.
New York.

N. Orleans.
Bavancah..
Charleston.
Galveston

8,62 7
4,314

Havre.

burp.

1,592

6,697

_

8.861

5,4.63

15,036
Wllmingt’n 8,331
Norfolk
8,425

_

_

_

.

.

..

West Point.
Baltimore
.

Boston

Philadel’ia.

,S03

4

______

______

______

...

4,050
4,401
4,000
.

•

....

pot.
5,683

our USUaJ

A nnapoils
Murif: Mcxiscillts. Genoa,
co.
leva.
and

100

100

10,100

4,600

o,184

5,400

3,825

6.140

4,7(0

•••00©

______

•

...

<3,

rn

...

5.890

3,121
1,558
1,935

......

20

Do

CC,098

7,055 23,951 26,728

8,525

8,334

c.

Do

sail

Total'
2*" ,007
18,184
27,500
19,437
12,331
8,425
5,8 V 0
3,121

64 116,455

....

....

....

....

30*

7..

....

1

2® 9..., n01 ®9;',2 ir>04

38
....

....

....

KVd « 7nj
1;V,4
Barcelona,btt am d.
Genoa,steam—d lnet«'7.T2
i4 a*.»3a
ht
Trieste, steam...<1.
"‘I}
Antwerp, steam.*/. °o 1a r,:v>
4

->

0

3 b*

30*

....

....

’C.) a

l:V-t
7.>o

30
....

SO*
.....

°;;l* lr,04«j032 lr>, 4'« p33
....

....

....

....

....

....

....

38

30‘

....

....

....

...

:)8
32 V

964

:{s
.

....

....

....

I)o via Leltli d

*

«...

....

....

....

sail—c.

Reval, steam... d
Do
sat;
d

01

....

•'s

c

Amst’d’m, steam c.

*

JI02

Hamburg, steam.c.
Do

,,

....

Fri.

:*rf

....

....

Bremen, steam. c.

"• *.;2

1

’*04

a' 742

....

1*’V<'S732

7;rj

M

hi

9.,
oi

'*‘01

?01

°04

Per 100 lbs.

Liverpool.—By cable from Liverpool we k;v-7o tko following
&e., a>: tfcut port, V#e

statement of the week's uaJeis blocks,
^Ad previous weeks for comparison.
Sr pi.

-

Sales of the week
hales
Of which exporters t< ok
Of which speculators took
Sales American
Actual export

3>.

Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Amount afloat
Of which American

0„. 7.

55,000
4,00:

75,6-00

40,000

51,009

5.000

8,00'
5.000
4T5,0(X)

12 0 m

3,90

..

8,000
*508.000

Oct. 14.

77,000
8,000
29 d 0
5 4.000
6,000
8.0 0
430/ 00

37,0'O

40.600
25,000

119,000

192,000

190,000
36,000
3 ;,ooo
234,000

101.000

16 -.000

269.000

1213,000
51,0.00

212,000

110,530 hales added to stack on actual count,
t Of wliicli 74,790 bales American,

*

Total.

auil-.rf.
sail

I)o

Thurs.

>i m;

‘•'ot

Liverpool,iteam a.

:

27,924

TTed

iues.

Mon.

.

1.6 2
1,935

......

past week have been up. tallows:

Satur.

116,455

Anfu'p, BarccBe vat
and
and
Ham- Scbaslo-

insured.

wa re

Cotton freights! the

5,40 >

To Barcelona, per steamer Europa, 3.825
Galveston—To Liverpool, per steamers Brankclow,

Spiiwgfie’d, La., Oct.

H; r cargo consis.cd of 45 bales cotton', a po tion of which
Wti8 saved.
Regulator, s earner, for New York, was burned n< her wharf at Wil¬
mington, on Oct. 2c. Her e.argo, co: si t.rg of 9.0 bale a of cottmi. naval htoies and lumber, and valm d at
-- 0,•')«.)■>, was entirely
d alloyed.
the vessel also is a total loss. Both vessel and cargo
15.

Havre, steam ...c. 51G^,1132

5,000

Oakdene, 3,861
To Havre, per steamer Catania, 5,463
To Bremen, per 8<earner J. M. Lockwood, 4,050
To Revel, per steamer Ripoh City, 5,400

Brcm.

1 lie bunker hold.
Surprise, i-chooner, was binned 9 miles below

4,750

10,100
4,6 0
3,484

5,800
To Barcelona, per f-tenmer Amaryllis, 4,000
To Genoa, per steamer Kate Fawcett, 3,4 -4
Charleston—To Liverpool, per steamers Lamington,




956.

Ashdell, steamer (Br )— A lighter containing 213 bales cotton took lire
Oct. 16 while lying alongside st< amer Ashdell, at Savanrah. A
tug towed the lighter to the other Side of the river, where the tiro

j

27,058!

47,777

This year.

Since

Sept. 1.

Below we give all news
sels carrying cotton from

•

45
i

This
week.

For Annapolis—Oct. 15—Steamer New .Brunswick, 40.
Baltimore—For Liverpool-O t. 15-S earner Nova Scotian,
For Biemeu— Oct. 12— Steamer Rhein, 1,2 0.

Philadelphia—For Liverpool -Oct. 18—Steamer Bril i-h Princess,

Baltimore.

9,265j

....

Florida

ster, 2,4 50.

2,347
Oct. 13—Stcamti* Palestine, 2,285
Oct. 17—Steamer
Roman, 3,iC0.
For Yarmouth - Oct. 14—Steamer Yat mouth, 102.

2.004

Mobile

Maiaga—Oct. 15—Steamer Ponce do Leon, 2,100.

For Vera Cruz—Oct. 17—Steamer Wiiitm y, 545.
Savannah- For Liverpool Ocr. 15—Steamer Buena Ventura, 4,440.
For Havre—Oct. 19—S1 earner Wick Bay, 4,5>0.
For Bremen-Oct. 15—Steamer Marion, 5,1( 0.
For Amsterdam— Oct. 15—Steamer John. D;x< n, 3,500.
For Reval—Oct. 15-St earner Hawaid'U, 4,85«»; Watlington. 4,600.
Chari.EM on—For Antwerp—Oct. 17 - Steamer General Roberts, 3,775.
F> r Reval- Oct. 19 Stt amer Vietoiia, 4,125.
Wilmington —For Reval-O.-t 15—Steam r Roseville, 4,650.
Norfolk—For Liverpool—Oct. 15- Steamer Dorset, 7,0i0.
Newport News—For Liverpool—Oci. 15—Steamer Duke of Westmin¬

Gross Receipts of Cotton at

•

•

Oct. 17—

West Point—For Liverpool—Oct. 19-Steamer Leonora, 6.905.
Boston—For Ln erpool-Oct. 12-S earners Pavonia, 1,431; Virg'nian,

Boston.

Since

This

N. Orleans..

1,250

1,182

24,259:27,924

New York, Boston, Philadelphia and
week, and since September 1, 1887.
New Fork.

Oct. 19— Steamer

150,015 115,440

24,377 25.791

Grand Total

from—

1 .G87

’*120

860,

&c

.

Kingdom, 5,402

4.417.
For Reval—Oct. 17- Steamer Nawovtli Castle, 4,580.
For Barcelona—Oct. 15 Steamer Fence de Leon, 4,252
Barlia Antonio Jane, 1,0', 0; India, 1,000.

Hamburg
Other ports

Bremen

Serra’,

Westm ate,

ICO

1,692

1.724

624

2,920-

Oct. 17—Steamer Cadiz, 6,20(6
For Havre—,.ct. 14—Steamer Mat-ana, 5,5 3.

i

128

3,552;

4,300

11,251

4,787,

10U

i

i

Total French

Total
since

17,559 16,635 14,327 104.463,103,623

TotaltoGt. Britain.. 15,369

OfcherFrench ports

cotton

Same

Week ending —

Exported to—

Below we add the clearances this week of vessels carrying
from United States ports, bringing our data down to
the latest dhtes:

New York since Sept. 1,18fc7.

Exports of cotton (bales) from

[VOL. XLT,

Oct. 21.

79,000
9,c00
3.000

53,000
12,000
16,000
434,000
208.600
99,000
83,000
234.000

217,000

follows :

cotton, have been as

of spot

Saturday. Monday.

Spot.
Market,

12:30 p m.

£

J

Mid.Upl’ds.
Mid. Orl’nB.
Sales

Spec. & exp.

514

57k;
10,000
1,300

57ig
10,060

i
j

Market,

£

Quieter.

Firm.

Good
demand.

Firm.

■■

vance.

Quiet at
2-64 de¬
cline.

Steady

Steady.

Steady at
1-64 ad¬

$

4r, m.

Tuesday.

Friday.

5%6

316

5%
1,000

steady

at

*2,090

3teady.

2 -04 ad¬
vance.

51
51
53
52k
52k
52k
53
Oats were dull rather than depressed early in the week,
became more aciive, with prices showing a fractional
May

delivery

To-day the market was quiet

provement.

2 04 ad¬

Steady at
1-10 ad

vance.

vance.

53k
but
im¬
Fri.

Thurs.

32%
32%
33k
33 k

3278
32%
33%

32k
32%
33k

32k
32k
33
33k

32k
32%
33k

32k
3 2%
33k

October delivery
November delivery
December delivery
January delivery

62k
52k
52k
52

and unchanged.

PRICES OF NO. 2 OATS
Sat.
Mon.
Wed.
Tue*.

DAILY CLOSING

Quiet at

33%
35k 355s 35k
Rye is scarce and firm. Barley has been more active at
better prices. No. 1 bright Cai ada brought 94>£c. to-day.
Barley malt was in steady demand and firm.
33k

33k

3o%

35 k

May delivery

Steady.

Quiet.

Very tirm.

St eady.

Frt.

52
52
52k
51%

51%
51k
52
5l78

51
51k

50k
50%
51%

51%
51k
5lk

November delivery
December delivery
Jau mrv delivery

12,000
1,500

§0

10,000
1,600

PRICKS OF NO. 2 MIXED CORN.
Mon.
Sal.
Tue*.
Wed. Thurs.

51*8

Ootober delivery

5H
5'^s

dr*

5%

8,00:1

1,500

Futures.

prices

Thursday.

favor.

5 >4

-

DAILY CLOSING

each

Wednes.

buyers'

In

Steady.

Market,
12:30 r.M.

and the daily closing

week ending Oct. 21

‘day of the

.

market for spots and futures

the Liverpool

The tone of

519

CHRONICLE, 1

THE

1887. j

October 22,

The following are the closing quotations :—
opening, highest, lowest and closing prices of futures at
floor
Liverpool for each day of the week are given below.
Fine
y bbl. $2 15»$2 40 Soithern bakers’and
family br dp
$3 50®$4 25‘
Superfine
2 40® 2 8<
prices are on the Iwusiy of Uplands, Low
Rye flour, Bupertine.. 3 65 ® 3 85
Spring
2
6o
a
3
<>5
wneat
extras.
Otherwise stated
Fine
2 40® 2 63
clear and stra’t. 3 75® 4 50
The prices are given in pence and 6-lths, thus:
5 63 means Mum
Corn meal—
Wintershipp’gextras.
2
70®
3
10
4 ti3~64d% and 6 OL means 6 1-6 Id.
Western, <feo........ 2 60® 2 95
Winter XX & XXX.. 3 25® 4 2
2 90® 2 95
Brandywine
Patents
4 20® 4 85
Tues., Oct. IS.
Southern aimers.......
2 75® 3 00 Buckwheat ilour, per
Mon., Oct. 17.
hat., Oct. 1 5.
100 lbd
2 40® 2 65
Soath'n oom. extras.. 3 20® 3 40
The

These
Middling clause, unlev s

Open HVjh Low. Clos.

Clos.
Open HUjh Low. Clos. .Open High Low.

-October

—

Oct.-Nov...

d.

d.

spring,per

d.

d.

d.

d.

d.

d.

5 13

5 13

5 13

j1 5d.11

d.
511

5 11

5 11

5 09

5 09

5 09

5 09

5 13

5 11

5 11

5 11

15(9

5 09

5 09

5 09

5 07

5 07

5 07

5 07

511

5(8

5 OS

5 OS

5 OS

j

5 00

5 0)

5 00

5 00

5 06

5 00

5 00

5 00

j

5 00

5 00

5 00

501

Nov.-l>ec... 5 09
Dec.-Jan ... 5 09

5 09

5 09

SCO

5 09

5 09

5 OS

5 08

6 08

5 OS

l 09

5(9

5 09

5 09

5 OS

5 08

5 08

5 08

oil

5 11

5 11

5 09

5 09

5 09

5 09

5 07

5 07

6 07

5 11

5 07

Teb.-March

5 13

5 13

5 11

5 11

5 11

511

509

5 00

5 09

5 13

5 09

Mar.-April.
Aprll-May..
May-June..

5 13
5 15

5 15

:;i5

6 15

5 17

5 17

5 17

5 17

...

1

5 13

5 13

5 13

5 13

5 11

5 11

5 11

5 11

5 15

5 15

515

5 15

5 13

5 13

5 13

5 13

'

Red winter, No. 2
Red winter .....

76
81
83

O

89
82k

c

84%

74

0

87
86.

76

white

49

Corn-West, mixed
West. mix. No. 2.
West, white

51

yellow

West.,

White Southern..

•

•

•

®
.®

Two-rowed State
Six-rowed State..... ....
California Bay
83
Milwaukee No. 2
77
Malt—Slate, 6-ro.ved. 82

•

•

•

71

State, 2-rowed
Canada
Buckwheat

*

85
6J

.

Rye—

62

58

bush.

State & Pa., $

36%

Barley—Canada No. 2. 82

56
51

9

54

34% ®

34

White
No. 2 mixed
No. 2 white

f>3%
53%

®

52% ®

32%®

35
39
34

n

32

OatB—Mixed

-

bash.
Spring No. 2

d.

d.

5 09

Jan.-Feb

GRAIN

Wheat

®
®
0
9
9
9
9
91
9

87

85

80
85
72
00
62

breadstuffs to market is indicated in tie
prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
l ike and river ports, arranged so as to present the compara¬
tive movement for the week ending Ojfc. 15, 1887, and since
August 1, for each of the last three years:
The movement of

VVednes., Oet.
Open High Low.
d.

d.

i»J |
a.

Open High Low. Clos.

'Open High Low. Clos.

Clos.

d.

Thui s.,

!

d.

d.

d.

d.

<*■

*

d.

5 11

5 14

5 14

5 15

5 15

5 15

5 15

d.

j 5 14

statements below,

Fri., Oct. 31.

Oct. 20.

5 11

5 13

5 11

5 13

5 10

5 OS

5 10

!1

5 11

5 11

5 11

5 11

5 13

5 13

5 12

5 12

Oct.-Nov... 5 OS
Nov.-Dee... 5 07

5 07

5'«

! jclO

5 10

5 10

5 11

5 11

11

5 11

5 10

5 10

5 10 j
5 10
]

0

5 09

5 11

5 11

5 11

5 11

j
j

5 11

5 11

5 11

5 11

5 12

5 12

5 12

5 12

;

5 14

5 14

5 14

5 14

15

5 10

5 10

5 10

5 10

5 17

5 18

5 18

5 18

5 18

October

....

5 09

5 07

Dec.-Jan

5 07
Jan -Feb.
-Feb.-March 5 <8
..

Mar.-April.
April-May .
May-June..

5 07

5 >9 ;

5 09

5 0?

5 09

5 10

5 t;8

5 10

5 10

5 12

5 10

5 12

5 12

5 14

5 12

5 LI

5 14

5 10

5

4

5 lb

5 10

,

5 10

5 10

5 10

5 11

5 11

5 11

5 13

5 13

5 13

5 13

15

5 15

5 15

j 5 17

5 17

5 17

i ! 510
! 15 n
!

!

.,

•

470,595

2,000,2 v2

1,510,392

428.800

31,719

Milwaukee...

49,047j

808,108

21,000

84.500

190.129

Toledo

11,400

235,531

23,594

14,715

6,500

4,840
3,898

0,12 4
4,082

210.727

37,ISO

21,43

133,230
19 (.709

13,000
241,385

108,800

03,033

20.230
522.030

294,028
2 <8,035
240.477

3,702.334
3.453,303
3.970,203

130,3:0

Chicago

Detroit
...

20.841

...

2,205

Peoria
Duluth

manifested

more

21,1887.

Holders hive
con6denc% and buyers have not had the

The market for wheat

flour ha9 been quieter.

they obtained last week ; and
having then supplied their more immediate wants, have not
been eager lookers about. Rye flour and buckwheat flour are
cheaper, however, under mjre liberal supplies, as the season
bargains urged upon them that

for the
The
frem

l ew

crop

Epccubdic n in wheat gained strength early in the week
the statistical position, but not until Wednesday was

decided advance.

speculation for the rise to

there

a

was

from the

put up prices;

something of a check. To-day

PRICES OF NO.
Sat.

October delivery
November delivery
December delivery

February delivery
May delivery
Juno delivery

81%
82%

83%

January delivery
March delivery

Si %

84%

85%
8 '%
88-tJ

account, not only

the local shorts, covering freely*

but regular trade was

DAILY CLOSING

The higher

export, however, and brought

further advance on stronger

West, but by cable;

corn

Mon.
Hi %

81%
82%

Tues.
81%
82
88

83 'B

84

%
85%
8' %
8 8%

85
86

8

<

88

88%

82%
80%
81%
85%
86%
88%
8j %

Tours.
82%
82%
83%
84%

85%
86%
88%
83

Frt

82%
83%
84%
85%
86%
87 %
86%

8d%

declined steadily for the first

continued good, and on Wednesday there was a
recovery.
To-day there was a steady, quiet market.

The

buying for expart was ie33

unsettled.




active, and the speculation

13,481

20,400

7,300

848,859

1,002,773

00,918
59,203

771,211

103,317

0,930,775
7,381,137
4.133,090

524,397
850,470

....

21.914,585
20,994,250
22.148.709 23.810.477

18s7

2.070,811

30,410,294

22,703,010

1880*...

2.208,493

37,894.481

’885*

1.750.455

23,19'', 199
20.054.990

*

include one

The

comparative shipments of
as

Wheat

four

years,

follows:

...

*1884.

*1885

*1-86.

bbl»

11,296,183

8,470,985

8,741,303

9,017,074

.bush

66.719.914
5 ,734,530
4 .'..<52,833

9-6,291

41,802,855
79,298,612
44,807,695

53.949,216

69,49 -*,795

4.1. *8.715

Corn
OatB

6.412,632
869,083

Barley
Rye

173,078,991

Tof-a! grain
*

flour and grain from the sair e

1 to Oct. 15, 1887, inclusive, for

ports from Jan.
show

1.135,803

wetk extra.

47

41,403,565
7.271.7 iO

68.811,012
43,768,926

1,292,997

1,613,391

4,016,931
5,112,030

167,454,407

171,811,268

175.628,745

Include one week f xtra.

Below

are

the rail shipments

ports for four years:

Wheat..

18S7.

1886.

1885.

Week

Week

Oct.

16.

Oct. 17.
178.485

150,936

.......bush.

523,299
4 32,032
809 364

220,167
54 8,89 4

36->,2." 6

370,205

451,661

208,929

1,093,154

1,196,978

403.625
30.81 L

311,400
56 656

906,969
195,041
66,911

2,414,951

1,748,055

.

366,961
18,289

Barley
Rye

2,149,945

Total

The rail and lake
weeks were:

shipments

2,:<J 6,631

from

same

ports for last four

Wheat,
Oats,
Corn,
bush.
bush.
busk.
15/87 404,375 2,271,830 2,36a,'387 1,357,3.,7
8/87 44r«,88l 1,018,298 1,763,869 1,342 330
1/87 442.197 1,6 6,546 2,4'.3,*! 7 1/ 37,. 71

Sei>. 24/87

195,095

2j6,029

...

Week
Hiding—

1884.
Week
Oct. 18.

bbls.

Corn
Oats

Oct.
Oct.
Oct.

from Western lake and river

We etc

Oct. 15

Wed.
82%

180

139,982

1.

Flour

port demand
smart

Since A wj.

9.270

244,390
450,800

2,377,083
1,834.225
1,771,003

dull.

2 RED WINTER WHEAT.

half of the pas^.
week, under sales to re-d’z-?, with the bear party offering op¬
tions for the future with con.-iderable freedom, But the ex¬
Indian

Same wk.’85.

Elour

prices checked the badness for
the

Tot. wk. ’87.
Same wk.’8d.

53,718

SS.sCO

2,505,811
2,255,771
1,004,820

1887.

advances.

there much activity or any

1,530,080

Minneapolis.

Friday, P. M.. October

Bush AH lb - Bush.50 lbs

BbU.VMlhf Bush.QO lb* Bush.bri lbs Bush.32 lb.

Cleveland
St. Louis.

BREADSTUFFS.

Rv*.

Barley.

Oats.

Com.

Wheat.

Flour.

Receipts at

Flour,
hit/ft.

316,946

Tot., 4 w.1.611,719

4W’ks’86.1,483,989

The receipts

1,832,131 2,296,836 1,251.070
7.328.855

7,831,183

Barley,
bush.
38'>.461
54V>20
511,026

434,481

8.875,119 5/238.138 1,87 %4f>3
8,510,4 >8 4,934 962 1,755,104

of flour and grain at the seaboard ports
follow;

week ended October 15, 1337,

Rye
hush

59,513
19.434

13,815
50,510
112.272

172,652

for the

CHRONICLfc

[HE

550
Atr—
New York

Flour,

Wheat,

bbls.

bush.
841.500

153,6*5
69,252

....

Boston

30,750
203,068
44,389
8 4,527
19,218

21,617
24,939
70,682

Montreal

Philadelphia..
Baltimore

4,718
4,802

Richmond
Norfolk, Va
New Orleans...

13,210

Oom,

Oats,

Barley,

bush.

bush.

bush.

busb.

39,650
1,150
7,000
15,000

5,274

698,500
187,272

812,600
130,960
34,849
11,323
18,119
28.405

7.452

1.416

99,305
25,400
11,227
2,96 L

105,720

11,707

By,
425
-

Cor. week ’86.

.

10,384
15,985

362,905 1,,723,392 1,,143,392 1 ,046.824 62,800
814,161 266,741
357,062 2,,396,297 1,,424,532

Total week..

.

2,900
1,785

....,.

The total receipts at the same ports for the period from J au.
1 to October 15, 1887, compare as follows for four yeais:
bbis.

Wheat
Corn
Oats

buGh.

10,407,510

10,578,496

73,765,032

56,973,230
66,761.472
31,156.567
3,254,051
503,451

33,748,474
70,897,672

143,003,103 159,648,774

28,122,182
2,687, ('33

Barley

638,063

Rye
--

*i884.

11,723,309
37.79 J, 187

'Total tfiain

*1885

•18M6

1887

Flour

10,587,720
55,219,713

Bush.

Bush.

Bbls.

186,136

B >Bton...
Norfolk
Montreal.
Pluladel.
Baltlm’re
N.News..
N.Orl’nn
Ri chin’d.

69 068

46,669

57,618
52,156

16,001

352

171,619

59,318
5,711
48,440

232.855
20 *,683

..

1,580

75,202

149,460,538

127,412,902

Philadelphia

Peak
Bush.

Bush.

1,197

2,556

1,2 25

72, ”43

215

3,500

953,C42j

422,055

227,313

1.058.4451

516.017

115,°96

2,422
4,964

74,899

......

86,439

destination of

Corn.

Wheat.

Flour.

28.704

Baltimore
New Orleans
San F.&Wil’m’te
Other cus. dist’s*!

41,107
0,75s,
720.741;

bbls.]
j

3,250

85,023
89,269

1,353,393

6.999
6,414

20,8.51
15.430

30,881
25,427

25,8(58!

335,587!

159.706
564,421
8,530
413,585

940,011;
5,235,714

452
26

35,383.

100,761

35.756-

87,557

2,796
1,001

334
28

2

3

91

*

6.2:9

’

14,846

7,640

19,539

18,773

51,118

80,1471

211,745

41,589

15,657
163

43,332;

16,998

»>26|

262
896
444
319

9,986

69,515

15,522;

2,519,763

1,006

*

1

77.943
23.046

11,767;

2,773

999.
151 j
10

'3,734

669,572

1,272,532

1,221,7671

40,9(51:
305j
298,779

926,628 2,713,118

10.6:50,

Total, corn-meal

5,(57

50(5

4,754
339,070

10.344

Baltimore
New (Irleans.
San F.\ Wil’n.’te!
Other cus. dist.’s*;

Oats. bush.
New ^ ork
Boston

165.593
50,000

10,197

*

] 1,873,721

Tot al, corn
Corn-meal,
New York
Boston

02,407
15,077

2,536,141;
14 -.,881;
45, '.60

349

!

2.460j

...

1,060!

Baltimore.... ...!
New Orleans.
!
Sail F.&Wil’m’te
Other cus. dist's*,

8311

21,825!

11,108
7,241

28,315

Total, oats.......
Oatmeal, lbs.
New York...
Boston

Philadelphia
Baltimore
New Orleans
San F.&Wirm'te
Other cus. (list’s*
..

...

Total, oatmeal..

•Exports
{for week
1 to—

Week,
Oct.

15.

Bbls.

142,621
16,738
13,8^3
18.036

Un.Klng.
Cont’nt..
B.&C.Am
W. Indies
Brit, col’s

Oct. 15.

1836.
Week.
Oct. 16.

Bbls.

Bush.

Bush.

65,267
18,909

588,081

12,900
15,514
11,680

250

1887.

1886
Week.
Oct. 16.

1887.

a

Oth.c’n’ts

41,889
146

Total...

227,313

Week,

365,311

1887.
Week,
Oct. 15.

445,907
611,011
1,527

1886

Rye, bush.
New York
Boston

Week
Oct. 16.

Philadelphia

Bf.rh

Bush.
341,365
71.850

311,941

2,781
4,659
1,400

17,694

176,238
8,990
”

1,175

826

953,642 1.058,445

115,096

422,055

Baltimore
New Orleans.
Ban F.JkWil'm’te
Other cus. dist’s*
..

516,047

By adding this week’s movement to our previous totals w e
have the following statement of exports this season and last

Total, rye
Wheat, bush.

Wheat.

Flour

j 5,732,873

Total, wheat

xvorts to

to Oct.

to Oct.

to (Jet.

15, 183?.

10, 1886.

Bbl*

Bbls.

,

Un.Klntfdom

1,211,953

Continent...

84,953

B. AC. Am...
W 'Bt Indies.
Brit. Col'n les

123.514

Oth. Oountr’s

3,o02

173,164

Total

15, 1887.

1,251,395

1.740.(512

Oct.

.

to Oct.

16, 1886.

15, 1887.

16, 1886
Rush.

Total, whcut-floTj

Bush.

5,577,643

1,881.253

2,254,959

9,305

4,619,152
3,879

125

1,000

651,356
37.764
46.061
1,927

4,602,062
3.377,498

8.048,990

32,711

3.894

1,255,642
151,350
71,(506
3,737
7,603

10.231,335

2.62 2,260

3.743,399

"

Tiie visible supply of gram, comprising tno atocfib in grain* y
at the principal points of accumulation at lake andseaboa.d

1887

ports, and in transit by water, October 15,
In store atNew York
Do afloat

Wheat,

Corn,

bush.

bush.

5,863.356
135,800
2.70U

Albany
Bntlalo
Chicago

1,974/326
4.510.948

Milwaukee
Duluth..
Toledo
Detroit

Cincinnati
Bn sron
Toronto
Montreal

65,303
50,000
89.504
269,343
2,322.416 1 ,591,031

8,381

16,174

152,406

13,504
18,333

9,723

45,530

94,178

337,520

331

4,347
129,507

77,157
35,290
127,240

6,3110
116,0.2
97,150
481,820

4,249

.7^7
,7 33
03,- 0

9,9a 9

4,392

•18,1 sr

18,268

254,420

66,280
49,728
1,188

4,800
929

23,302

46 028

.

...

Kansas City
Balm--ore
M ir.neapolifi
81. Pan)
On Mississippi
On lakes
On canal & ri\

424.0 16

1.522,014

......

2.607.* 20
FS.Ov 0

er

.

lf»,N7. 3

•

-

-

If 0,900

I05,o21

m

-m

w

m

n

1,151. (»7 3
1,768,000

1,797,130

456,» 00

1,585,300

237,900

\ ,1

'00.2-13

6 J ,oo<

8.141,532 5 910,118

5. 821,465
5, 135,901
5, 2 4 5.*>8()
4 407,712

olis and St. Paul not included.

*

„

.

47,600

0,98»'f>52

9.520

„

.

.

„

.....

......

.

221,200

7,383,756
16/86. 5 ,s 2- .53'.) 1 3,7:55,674
4
17/3.. i
5,179,4 82
4,827.123
18/8 41 3 1,010,310 6,148,889
8,NT.

-

15,000

...

7,241
291.000
23.889

12,000

-

.

„

Baltimore
New Orleans

...

.

_

.

......

.

26,700

.

...

.

22,500
827,500

821,7 49 1 .082,s 02
312,I 13 1 ,6 19,156
514,215 2 ,075,730
54 2.-C5 ! 420,894

807,845 3 411,834

201,817
1,344.498
.

270.344
1.93 L

4.270,831

531,333;

2,603.787

156,493;
826,903

674,801
4,0 46,589

15,3451

74.983

334.1011

106,780i

404,946;

162,8671

12',216;

573,194!

80.9 iU

320,028'

249,368

706,293
1,143,046

8,904i

8.21.542 3,6.59,499;
I
7
I
1 4,535.842

1.172.347 _,35lJ8j2

|

I

I

;

j 3.960.3461
;
648,031
! 1,825.480

'

\

208,00!

1,533,443
........

Value of exports from

Brazos,Texas
Chicag >, libnois

Detroit, Michigan
Duluth, Minnesota
Huron, Michigan
Miami, Ohio.......:

...

.

4.09.2.418
3.2:8.821

7,855.0.88
1,593.694
6, ,17,605

3.43s,496

4,685.124

1,915..‘09

1,490,754;

11.

./,

.958

j 45,233,795

other customs districts lor i he m mth of Sept.,

.‘3,55s
219,605
279,391

No- Haven, Conn...
Richmond
...

Yorktown, Virginia

52(.575
196,400
2L,0uu

DRV

HOOOb

New Yoke,

18-w:
f 7,845
56.63 i

180,015

*1,490,754

Total

No rk.—This statement includes about 98 par cent
articles named from all ports of tue country.

THE

17.261.045

354.763

..;

11.094.132'

Grand total

2,9 triton" 13,52(1,930

i 1,522,696:
;;
913,ho4;
..| 2,2n6.l8S;

1,4*8,077

...I

San F.&Wil in'te
Other cus. dist’s'

1,00(5.618!

84.4 70

!
;

Philadelphia

„

60,000
4' 0.372 1 ,040.856
: s,o00
2( (>,000

4 5
00

Peoria

20,565

.

545,047

45.147

Indianapolis

.

1,( 00
5,500
82,989
69,124

224.3'JO

23.755

Philadelphia

hush.

Bar, y,
bus.

93.710
24,700
1 0,000
191,642
2 <7,452

533,025

1,557,446
56,000
5,490, M2
41,000

lit. Louis

Rye,

Oats,
bush.
67 6.970
13.000

902,132
1,502,503

Oswego

:

*

Totals.
New York
Boston

281,352! 1,182,055
216,4471 1,092,604'
14 1,420;
28.519 i
100.864
503,250:
3,480
15,196’

1,141,232

47.IS55

j

to Oct.

Bush.

Bush.

839,335
82,050
130,278
9 1,930
96,300
9,502

143,521

to

8,995,577j 33,189,17o! 28.843,283

843.937

1,896,297
347,555
3,606,00 i

1,748,066

401.329
238.202

!

Baltimore
New Orleans..
San F.a Wil’m’te
Other cus. (list's*!

Sept. 1/37. Sept. 1, ’86, Sept. 1, ’87, Sept. 1, ’80, Sept. 1. ’87. Sept. 1,>6

4,701,866 10,574,930

198,951
427,46s
533,154
Philadelphia....
474.094
Baltimore
(.03,547
179.866
215,5361
New (irleans
Sau F.i&VVil’m'te' 1,401,770 1,173,835
563.6 48
737,673
.Other cus. dist’s*
243,026

Boston
Philadelphia

Corn.

--

767,196

2.4 46,483, 13,308,413; 11,594.896
1,571,211
1,3 9.516
321,182'
3,112,52 lj 2,527,282
742,794
4.388,82s
3,641,648
1,658.229!
953,879
298.55s1 1,097,3:2
5.(565.i 115[
5,722,331
2.V03...U;
625,3201 4,015,210 3,693,731

1.998.167, 1,083.128 2,738,250

New York
Boston

Wheat four, bbls
New York
!

season:




New York
Boston

...

the exports is as below,
We add the
Corresponding period of last year for comparison.

t Min

68,419

856,799 j

491,307 j 1,040,555

B44.85S
117.1(55'

Philadelphia.

Tot. w’k
B’me time

Tot. Oft.
Tot. (>:-t.
Tot. Ot i.
Tot.On.
Tot. Oct.

Baltimore
New Orleans
San F.\ VVil’m’te
Other cus. (list’s*

Total, barley
Corn, bush.

Bush.

368,874

The

Boston

Philadelphia

Philadelphia.

New York

1888.

Barley, bush
New York

2,022,755
4,503,699

Rye.

September in 1887 and 1886; and for the three
July 1, 1887 :

Breadstuffs Expts

2,770,794
909,724

Oats.

Flour

Corn.

Wheat.

the month of
months since

36. J 39.874

The exports from the several seaboard ports for the week
ending Occ. 15, 1387, are shown in the annexed statement.
Exports
from—

Exports of Bread stuffs for September, 1887.—The following, made up from the statement issued by the Bureau of
Statistics, shows the exports of domestic breadstuffs from the
under-mentioned customs districts of the United States for

38,083.406
26,683,219

•include one week extra.

[YOU XLY.

of the entire exports of the

fKADn

Friday, P. M.t Oct. 21,1887.

whole, business in the wholesale branches of the dry
goods trade was quiet the past week, Lut not more so than is
ut-ually the ease between.seasons, and a large distribution of
fall and winter goods was made by retailers throughout the
country. At first hands the demand for seasonable fabrics
w as
comp datively light and almost witoily of a hand-to*
mouth character, but very fair orders for Cc-rtain kinds of
spring and summer goods wrere placed (for later delivery) by
j ibbers, converters and the manufacturing trade, transac¬
tions in tins connection having reached an important aggre¬
gate amount.
It was a quiet week in jobbing circles as
regards selections by buyer* on the spot, but a good many
small re-orders were received from retiiiers in the interior*
accompanied by cheering reports in regard to the situation.
Some surprise was caused towards the close of the week by
an announcement that
e Berkeley Company of Providence,
As

a

n

October

THE CHRONICLF.

22, 1887.J

551

and

worsted dress fabrics. For flannelblankets,
intend miking a peremptory sale of 2,000 cases la iia shawlsfancy
and skirts there was a light supplementary demand by
and Victoria iawns during the second week of January next. package buyers, and a fair trade was done in
carpets at steady
Ihe offering will include the entire product of the mills to prices.
Foreign Dry Goods were for the most part quiet in first
the date of sale, and its results are naturally awaited wit h
B, I.,

hands, and the jobbing trade was only moderate. There was
interest.
rather more pressure on the part of
importers to close out
Domestic Cotton Goods,—The exports of ootton goods accumulations of fancy fabrics
by means of price concessions,
from this port for the week ending October 18 were 3,168 but goods of a staple character are generallv steady ia price.
The offerings at auction were not of special importance, yet
packages, valued at $216,163. These shipments include 891 fair quantities
of silks, velvets, dress goods, etc., were disposed
to South America, 718 to Europe, 627 to the West Indies, 380 to of at
public sale, and brought nearly their markot value.
China, 220 to Central America, 173 to Mexico, 116 to the East
Importations of Dry Goods.
Indies and 43 to all other countries. Since the 1st of January
The importations of dry goods at this port for the week
the exports aggregate 154,291 packages, valued at $9,274,658.
ending Oct. 20,1887, and since Jan. 1, and the same facts for
Of this total China has had 76,266 packages, valued at $3,625,- the corresponding periods are as follows:
141; and 31,886 packages, valued at $2,293,483, have gone to
£>
S
*
South, xlmerica.
For the similar period of 1886 the exports
£33§^§
§ SB pn* rt- O pi
to all ports reached 170,455 pkgs. and in 1885 were 146,811 pkgs.
r->
x: o°s
s*.
2 r»
at 9
on for
S * Pi
s: !
§
7 - g: • p: 5
There was a steady movement in staple goods on occount of
the
back orders, and some descriptions were in fair demand bykconp<
; « ®
d
; ■ ! ; i*
:
:
;
o
o
verters and the manufacturing trade in anticipation of future
? I
!
!
‘
1
i
wantp, but jobbers bought sparingly and in strict accordance
with immediate requirements.
Prices remain steady all along o
CO
CO ! -3I-*
-3
O
G0#M~*C0Ot
CO
cc
If*
® M
|
1 to l-1 to O'
the line, and stocks are in remarkably good shape as a rule, no G toco
CO it* lb too
C7>
o>
r- -v
Gt CD
CO C5 05 ifCO >X X
t
qo
a.
to
cc
o
sjCO
<1
(0
-si OI
05
05
y
Of- 05
to V
accumulations worthy of mention having arisen, in spite of
tb it.
CO
to 0*
CO
Print cloths were in fair CO Xifthe late brief lull in the demand.
CO CJ) 05 to 05
X to
If- Ifs -3 x CO
O' CC
Co
05 4k
ao§,
CO
COX
GO
05 I CO 05
QCCO'JOM
OH CO 05
Ot h §
demand, but prices have declined to 3)^c. for 64x64s and
£
co8| coifs a <i
to
05 O
C
o j CO- 1
xio CJ'
053
05 it- GO *—* CO
o<o
CJt
C sJOtiX
05 if* X' CO if<5
213 16c. for 56x60s. Stocks last Saturday and for the three
<j 00 CJI CO CO
•f*
O'
tb
c-coaw
(fsO
*3 O' O'
o
keen

Total Ent’d

Bilk
Total Flax Cot n

Total

Alsoean Manufctres port.

market. onsmpt

Wol.

of—

M

—

•

•

-s

*

3

i

1C

•

1

ct

>

a

-

■

*

*

*
•

•

1

f

4

•

«

»

1

0

.

^

‘

i

i

•

♦

.

.

H

,•

J

.

.

1

I

*

«

•

K

•

•

*

J

»

•

J

s

'

•

1

O M

s—1 s—* i—* •—»

.

>—

^4

CO

I—

-

Its

cc w

S-*

—

)-*

-

CC X

05

(-1

M

-

)—

If. ifs

CO

r—

OC

,

•c-

M

ic

X

f-

—1

I-*

X.

ot

*

■x*».

; 3

►-*

fs

c*

Ol to

it* 1—

previous years were as follows:
1887.

1S86.
Oct. 16,

Oct. 15
Print Olotnn—
Held by Providence lnamif'ra. 11)1,000
Mock of

24,000

1885.
Oct. 17.

3R4,000

411,0- 0
437,0(0
300,0(4)
150,000

85.000

R5,ooo

280,000

Providence'speculators

4R.000

2R 0,000

.Outside speculators (est)

80,000

42,000
10,000

Fall River Mii»ufa<.-Hirers

..

402,000

Total stock (pieces;

1884.
Oct. 18,

165,000

market

5,512,121* SI

\ (> \ -!•’<) K I' K IT A HI, E
YKAIt.

AFTER

SWUM)

the Policy tscoNTiNcnn i\ force
its value will pay for; or, it preferred, a
Paid-up policy for its full value is issued ij> xclmnge
After the second year Policies are incon aEstaulk.
except as against l’nientioz al fraud: ua<l all restric.
dons us to residence, travel or oa oration are rrmoi'td.
Cash loans are made to the exte:
of 50 per tent
of the reserve value, where valid assignments of the
Policies can be made as collateral secur.ty.

loiiy

•v) to

of lapsk

as

Losses paid immediately upon completion and ap¬
proval ut proofs.

O

a

x O' 05 05

to
-I

Oi 10 \£> "3- CO
CO 50 CO cc o
co *sj -s3 O if*

tO W CO 05

^1
(C

*3 C J' OI CO

-t !-•

o.

00 c

OC to -T..05IO
<| C)» *s its 'J\

Ct
GO

if- ~
CC CO

^3 10 -3 -3 O'
00 CO CJt 1— CO

CO O

CO

x

c

05 CO cc co

I-

50

ifs to

-

w

/
J.

QD -J

*tsO-l+*CO

GO

l-'IJ'l--

x o<

CO

'

s-*

i-1

3
Can

(%

’

3

to

io

ifs
CO
X

—

r if- :o
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tc X
05 — C <fs t-

'-’i

-3W

to

o

-J10

o»
GO

CO 05
tb *1

OCOCOtOCJ

CJ

05

S-

to tO

05 r-» c>t CO 05
05 X *+ Wi 00

CC 05
f- to
to to

j
1

to

u

it*

*0 cn

GO
to

CO

cc

1—

1C
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too

a hCO-i-o

c o>

O-OCCCOOP

to

-

S-*

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o:
-1
CO X O' i-* O b
X M O' s- O'

a

io

!**

X

~j ut o'O
to if- 50 5)1 05
X CO to CO ' 1

“r

ex

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f-

CO

05
•

X- OI >0 -r —
GO O' O. o 35

CO

CC Z)

if* '

^3

i-'p 1

J< tO

its

b <-•

rr:

O’1
co co

CO

21 JO

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05

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L

--

ji

i :

05
ifs

O J*

r ji

if-

p

c CO

-i

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■G

o

GO to

too
-4

,

O ra co ;

—*

JL

03

1

1

05 X 05 01 o

r-1

'1

f-k

|

00 to — to 4-

IO

vC X-

-.J

J

X O' to

...

if*

Is. O' 03 X

if-

p

1 O — -3
v-

CC

ft—

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i/i

to to It- CO X

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Sj

> -1

h to m yi io

X'

Cc X to

► -

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M

-.) |U

co co x a. to
to it- ^3 co

/

-

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—1

s

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• 5)1 C5 01

^0

%

ia

.*>

i

y! 05 fs 05
GD CO
•O

(fs

1

Kinssj X

J—*

»

1-

_

^310 0; OI
S

1
to o

r-05

i

O'

Ot

X to

x

03

rfr
'O'-HI- to
05 CO — fs 03

s.

fs
05

-J X

05

M’-O

-•

to

i

^

HWXIOW
r- 03 C *J| X
O 50 >— 1C —*

O'

to

c

-

O' X O' X fs

r-*

io

ct)

OC

to

03
O'

O

05 1— ~ CO M
05 *- C 05 05

O' if- O C- CO

1' H -1 r— CO
>•

** CO »

to to

03 5)1 '1 c X

CO to

05

-

tO f- X fO —*

(w

CO

t-t

C O'

-v» x O h-i

I-* to 1— — I-*

H-

to

10 *'■

cT*

10

<**

ifs M W CO
05

-1

co -a b cl ^

**

i

if* 00

t

sj
o

l

u

Ifs

O'

r* 05

CO b to to 05
x y 05 05 itO' X - J f 4-

to

)-*

O' -sj

I

if*

1

ifs to if- X
05 4- si to 5JI

i

03 O' X if* O
X 05 •" 05 —
O to 05 *J1 05

1

X © -S3 fs o

O

CO X

05
X
r-4

i

1

to ►•* to

X
to

J CT —
to 0" co co ot h
C5 50 O' O J'

*

ifs

CO i-1
03 o 05 f* to
y*

O''

CO

00

<1

*-3

financial.
COLORADO

EQUITABLE LIFE
ASSURANCE

onsolidated

SOCIETY.

In Surplus (namely the excest
of accumulated funds over liabili

ties), in Premium Income, in the
amount of Assurance in Force, the
Equitable Life Assurance Society ex
ceeds every other life assurance com¬
pany, and may be regarded as the
largest and strongest organization of

CENTRAL

Mining Co.,

<18 EXUi V'Kili PLACE.
Paul Lichtenstein.

H. K. Baltzbk,

President,
it. V. Martinsen,

Vice-President,
W. K. Mantihs,
Secretary.

Treasurer.
G. W. 11ALL. Hup’t.

Investment Securities
BOUtillT

Assets, January 1, 1887

Provident Liie&Trust Co
FIlli.AOFi.FHIA.

Incorporated Third Mo., 5>2d, 1H85.
(CHARTER PERPETUAL.)

8 1,000,900

$75,510,472.76
Liabilities on 4 per ct. basis.. $59,154,597.00
Surplus on 4 per ct. basis... $16,355,875.76

AM)

SOLD.

INSURES LIVES, GKANTa ANNUITIES, RE¬
CEIVES MONEY. ON DEPOSIT, returnable on de¬
mand, oron which interest is allowed, and is empow¬
ered bylaw to act as EXECUTOR. ADMINISTRATOR.TRUSTEE. GUARDIAN, ASSIGNEE, COM¬
MITTEE, RECEIVER, AGENT, etc., for the faithlQl performance of which its capital
fund furnish ample aeeui it}

and

surplus

•

All trust funds aud investments are kept separate
end apart from the assets of the company.
The income of parties residing abroad carefully
collected and duly remitted.

SAM’L.R. SHIPLEY, President.
T. WI8TAR BROWN, Vice-President.
ASA S, WING, Vice-President and Actuary

Southern Central of N. Y. lsts.
Middletown Umonville & Water Gap Os
Indianapolis A- Vincennes lsts and 2ds.
^cioto Valiyy Bonus, all issues.

ALBERT

New

in 1886.... $111,540,203.01
Outstanding Assurance.... $411,779,098.00
Assurance

$19,472,SCO 02.




Cl

0*j
if■ O' 03
V' C* V* tC

U AiNTED :

THE

CAPITAL.

H

CO *s1 o; h* o

CJt vC

CO

its kind in the world.

OF

03
05

THE

LIFE INSURANCE CO., NEW ARK, N. J.
President.
inc.d.\V>i 15
37,1). t,sui) 21
Surplus
=,
2.><1,451 Hi

In cask

CO

)—• I—*

to >fs ^3 CO CO

gnsuKiintc.

AMZ1 DODD,
Assets (Market Values), Jan. 1, I8s7..
Liabilit ies (4 per cent Reserve)

88

X

05 Ot
to 05

-1H

-3

(—

in fair demand and

The Mutual Benefit

AUSOLPTLLV

M

r-tC-t-t T)

-1

there was a light bu mess in Kentucky jeans and doeskins.
All-wool dicss goods, p srti-ularly tricots, were fairly active,
aud there was a mnoiraiec d! for duplicate parcels of ettp!e

POLICI KS

i-

r*

CO
OI

not very remunerative to the.mill-.
Light-weight coat¬
and runin^s wen in un der .te request, but overcoatings
and cloakings ruled ejuiet, a?.d stockinets and Jersey cloths

Surplus (New York Standard)

cc.
05 tO

CO

K) CO CO -4

i-**

Ip-

O

ings

insurance*

its
X

H*

anu

were

ISS

a.
CO GO
X tO

CO

dea

Satlrets

-j (->
GO X)

to
Ifs

well under.ilie control of orders that the t me of the
market is fairly steady, though prices are low in many cases

late.

to

i-*oc C'-To

CO 00 £»
AHUCX

tc -1

_**i cn

O

are so

less active than of

co

i—

V

M
GO

ie>>

were

H-> to
<J <-*
Cits <1 tors

•

dly changed, new u ihaving been only moderate, while th »e was a fair move¬
ment on account of previous transactions.
Stocks of heavy
ckthing woolens are by no means large, and spring fabric.-,
not m

05

~a

were

for men’s-wear woolens has

a to

00
o

111,000 1,039.000 1,298.000

Domestic Woolen Goods—The condition of the

COM

on

00

mostly quivtiu commission and jobbin0 circles,
but a very fair business was <h ne in siteens, drt
ginghams,
Scotch zephyrs, seersuckers,'
for next seasm, and liberal
orders were placed for white goods for 1 ucr dt-livery.
Prints

Ifs

•

s.i

jolin B. Manning,
BANKER

No. 14

Wall

AND

BROKER.

Street, New

SOUTHERN
A

York Ciiy,

SECURITIES

SPECIALTY.

State. Municipal and Railway Bonds and CoupuLs
ooughtnii4 soid at best market rates. Investors ct
dealers wishing to bay or sell are Invited to comm uni■xato with us.

Member of the New York Stock Exchange-

E. HAf

ilFlKLO,

No. 5^ PI
\

ne

Street.

Strassbur^er. B.W.Strassburger. Leo.Strassburger

Strassburger 6c Sons,
No.

16 Commerce

RONTGOMEIU,

St.,
ALA,,

DEALERS AND BROKERS IN BONDS, STOCKS
AND M ISC ELLA NEOt ’S SECURITIES.

SOUTHERN SECURITIES A SPECIALTY

Correspondence solicited.

Orders hact prompt dtten-

ion.
Refer by permission to First National Bank, Mont gornery, Ala.; Messrs. Moses Bros., Bankers, Mont¬
gomery, Ala.; Messrs. Josiah Morris & Co., Banner s,

Montgomery, Ala.

552

THE

CHRONICLE.

[ VOL. XL\

Daubers and J&vo'kexs Out of 21 cur IJ0rh.
NEW ENCLAND.

PENNSYLVANIA.

E. W. Clark &

Irving A. Evans & Co.,
BANKERS AND BROKERS,

53

No.

STATE

OF

BOSTON,

PHILADELPHIA

Stocks and

NEW

STOCK

Bonds

YORK

AND

EXCHANGES.

to

safety, time to run and rate of interest make them
the most desirable investment now offered.
Also

Harjes,

Narr Sc

(JUARANTEED FARM

Gerlach,

No.

AND BROKERS
CHESTNUT STREET,

437

PHILADELPHIA.
Members of the Philadelphia and New York Stook

OF

Cable Transfers, Bills of Exchange and Letters of

BOSTON

STOCK

YORK

Credit.

metsburg, Iowa, with

EXCHANGES.

Dealers in

&

Co.,

Municipal, State, Railroad

and United States Ronds.

AND DEALERS IN FOREIGN

425 Wood

Trust Co., N.Y.

BANKERS AND BROKERS,

5a

WEYBOSSET

information and references
$

EXCHANGE,

MEMBERS

Private wires to New York, Boston, Philadelphia.
Baltimore and Washington.

PITTSBURGH, PA.
established

Exchange.
Private

Telegraph Wire to New York and Boston.

8r„

1871.

BANKERS AND BROKERS,

57

FOURTH

AVENUE.

(Members of Baltimore Stock Exchange),
BALTIMORE.
(INVESTMENT and 80UTHERN SECURITIES a
specialty.)
Correspondence solicited and information fur¬
nished.
N. Y. Correspondents—McKim Brothers A Co.

Robert Garrett &

■

individuals or Trustees de¬
to make safe loans,
NELSON,
nduress the company for parV.-P. &Gen. Alan’ger.!Oculars and forurof securities.
liefer by permission to Geo. S. Coe. President, and
Dumont Clarke, Vice-Pres’t American Exchanae Na¬
tional Bank, New York : Logan C. Murray, President
United States National Bank, New York.
siring

W. R.

THROUGH

THE
RELIABLE

WESTERN

WESTERN.

TREET,

A

FOREIGN

GENERAL

DOMESTIC

BANKING

BUSINESS.

WSI. FAIRLEY

H. B. MOHEHKAD.

H. B. Morehead &

Co.,

'

STOCK, BOND AND NOTE BROKERS,
No* 51

West Third

Street,

SOUTHERN.

L.

A.

Hartridge,
GA.,

SECURITY

Buys and sells

and Bonds.

Negotiates
New York
every

on

317

Dealers

Humphreys Castleman,
IN

ALL KINDS OF
SECURITIES.
Bonds and Stocks bought or sold on commission;
Georgia and Alabama Securities specially dealt in.
Correspondents: Tobey & Kirk and A. Dutenhofer,
New York.

References: Atlanta National Bank, Atlanta, Qa.,
and Fourth National Bank, New York.

C. W. Branch 8t

Co.,

BANKERS AND BROKERS

State Rank Building

RICHMOND,

Private wires connecting with Washington.
Philadelphia and New York

Balti¬

more,

THOMAS
BANKERS

AND

BRANCH A
COMMISSION

RICHMOND,

CO.,

MERCHANTS

VIRGINIA.

Circulars and Information on funding the debts of
Virginia and North Carolina free of cost; one-eighth
per cent charged for funding. Southern Railroad
and dta'e and ( itv Bonds bought and sold.




in Western

Co.,

STREET,

Eleven years’
experience, with absolute satisfaction
to over 1,500 investors. Send for circulars, forms and
full information,
Branch offices in N. Y. City and
Albany. New York Office 187 Broadway.
O. C. JUNE & SON. Agents.

TO HOLDERS OF KANSAS REAL ESTATE
MORTGAGES:
Send to HODGES & KNOX, TOPEKA, KAN8A8,
for I ree Pamphlet containing the compiled Laws 0
Kansas relating to Real Estate Mortgages.

lustirauce.

IN

LOUIS.
Securities and Local

Harris 8c

CHICAGO and BOSTON.

THE

CITY

OF

(ORGANIZED

Bonds,

NEW
IN

YORK.

1850.)

2€1, 262 & 263 Broadway, New York

Co.,

RDM HQ °* Counties, Cities, &c., of high grade

G. II.

BURFORD, President,

C. P. Fbaliigh, Seo.

A. Wheelwright, Ass’t Seo.

Wm. T. Standen,
a

QIMNUO specialty. Send for Dencriptlve Llxtn.

Actuary.

All the profits belong to the Policy-holders exclu¬

sively.
All Polioies issued by this

Company

are

indispuT

able after three years.

FIDELITY

&

CASUALTY CO.

Nos. 214 & 218

BROADWAY, NEW YORK.
Gash Capital, $250,000, invested in U. 8. Gov’t Bonds
$200,000 deposited with the N. Y. Ins. Dep’t, for

the protection of Policy-holders.
Assets, July 1st, 1887, $632.83 ( 57.
Offiolals of Banks, Railroads and Express Comp*
dies, Managers,Secretaries,and Clerks of Public Com¬
panies, Institutions and Commercial firms, can obtain
BONDS OF SURETYSHIP

from this Company at moderate charges.
The bonds of this Company are accepted by the
courts of the various States

VA.

Company’s Ten Year Debentures, based upon its
paid up sapital and assets of over $650,000. No losses.

The United States Life
Insurance Co.

8tocks and prime Commercial Paper.

N. W.

ATLANTA.

DEALER

OLIVE

ST.

commission all classes of Stocks

loans on marketable securities.

AND

F. Keleher 8c

BROKER.

fifteen minutes

BROKER

Investment Hunker*, Cleveland, Ohio.
Specialties: Town County and City Bonds: Lake
Superior Iron Mining Stocks, “Republic ” “Cham¬
pion,” “Cleveland” and “Jackson.” Street Rail¬
ways—Denver City Street Railway Co., of Denver,
Col.; Street Railway Co., of Grand Rapids, Michj
Metropolitan Street Railway of Toledo. Ohio,

P

Quotations furnished by private ticker

MORTGAGE C0M

Important Notice.

ESTABLISHED 1871.

SAVANNAH,

AND

F. M. Perkins. Pres’t.
L. H. Perkins, Sec.
Paid Up Capital,
8250*000
The choicest First Mortgage Farm Loans, also the

CINCINNATI, OHIO.

Chas. H. Potter 8c Co.,
AND

FARM

SOUND

LAWRENCE, KAN,

Sons,

BALTIMORE,
TRAN8ACT

,loan companies.

R. M. NELSON,

INVENT

BANKERS,
SOUTH

Eight per cent net to invest¬

ors.

Selma, Ala,

BANKERS AND BROKERS,

7

UW

ORUISBY,
Yice-President

Oldest Pittsburgh members N.Y. Stock Exchange.

Wilson, Colston & Co.,

No.

Also 6 per centlO-

ALABAMA,

,

Whitney & Stephenson,

BALTIMORE.

Mortgage

No losses. Interest col¬
lected free of charge to lender.
First mortgage on improved
farm property in finest agri.
cultural districts in
Alabama,
worth three times amount of
Legislative author¬ loan.
Sole Alabama correspond¬
ity to negotiate loans.
ents of several European farm
President

No.

first

to the company at 130

NY.

LOAN CO. of

STREET,

Dealers In Commercial Paper. Government and
other first-class Bonds and Securities and Foreign

assail

A. I..

Philadelphia Stock Exchanges.
Pittsburg Petroleum, Stock and Metal Exchange.

providence;, r. i.

offers

Five per cent certificates of
one year. Write for full

deposit for periods under

New York and

No.

of Em

paid-up capital of $600..

$73,o6o,

Street, Pittsburg, Pa.

Joshua Wilbour,
Charles H. Sheldon, Jr
Benjamin A. Jackson, William Binney, Jr.

Wilbour, Jackson & Co,,

a

Company,

secured
Sear
Debenture
percent
of first
lortgage
loans Bonds,
held in
trust by
by105
the
Mercantile

BANKERS AND BROKERS,

ALSO,

surplus

Loans drawing seven per cent

Rea Bros.

AND

7%

The American Investment

000,

NEW

THE

6%

Exchanges.

STREET.

MORTGAGES.

OFFICES,

BANKERS

BOSTON.
MEMBERS

DEBENTURES,

Exchanges, and connected by private wire with New

Successors

$2*000,000
1*000,000

Bearing « per cent, running ten years and based
exclusively upon Western Farm Mortgages, held in
trust by the American Loan & Trust
Company of
New York, for the benefit of the bondholders.
Their

York.

Gerlach &

BANKERS,
CONGRESS

Capital Subscribed
Paid In (Cash)

ment Securities for sale.
Transact a general banking business. Allow Inter¬
est on deposits.
Membera of the Philadelphia and New York Stock

Bought and Sold,

Brewster, Cobb
& Estabrook,
35

Co.,

BANKERS AND BROKERS,

in all Markets.

No.

EQUITABLE.
Mortgage Company.

No. 35 South Third St.,-Philadelphia.
Railroad, Municipal and other desirable invest¬

STREET,

BOSTON.
MEMBERS

ifarm fHoriflages.

CASUALTY

DEPARTMENT.

Policies issued against accidents causing death 01

totally disabling injuries.
Full information as to details, rates, Ac., Can be
obtained at head office, or of Company’s Agents.
Wm. M. Richards,Prest. Geo. F. Seward, V-Prest.
Joun M.Crane, Sec.
RoBT.J.HiLLAs,Asst.Seo.
DIRECTORS:
Geo. S. Coe,
A B. Hull,
Alex. Mitchell,
J S.T. Stranahan, H. A. Hurlbut, A. S. Barnes,
Alex. E. Orr,
J. 1). Vermilye, J.G.McCullough
G. G. Williams,
John L. Riker,
Thos. S. Moore,
Geo. F. Seward.
Wm. M. Richards.

All Death Claims paid without discount as soon
as

satisfactory proofs have been received.

This Company issues all forms of Insurance, in-

oluding Tontine and Limited

cn-Forfelting) Ton¬

tine.

One month’s
Premiums
on

grace

allowed in

the

payment of

Tontine Policies, and ten days’ grace
all others, the Insurance remaining in full force

during the

on

grace.

Absolute security, combined with the largest

liber¬

ality, assures the popularity and success of this com¬
pany.

GOOD AGENTS, desiring to represent the Com
re invited to address J. S. GAFFNEY, Super

pany,

lnt?- dent of Amende*, at Home Office.

George Eustis 8c Co.,
BANKERS,
‘liNOUVNATI, OHIO-