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HUNT'S MERCHANTS' MAGAZINE,
R^PRESBNriNQ THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES-,
VOL.
SATURDAY 0(nOBER
47.
%hz
Week BrMng
^hxonxclt.
1888.
Terms of Sabscrlption—Pajable
in
N«w York
Adrance
9m One Year (Including postage)
(StoOa
ahar«.)
bala.)
(Cotton
Six Months
do.
6 10
(Oroin
Koropean 8u>>scii|irtnn (inolndlngpostase)
11 28
(PttnUum
Xoropean 8n;>g<'ription Si:t MontlH (including postage)...
6 64
Boston
Annual Babsurliitiou in London (including postage)!
£2 7s.
Biz Mos.
do
do
do
*1 8s,
These prices include the Isvestors' Scpplemekt, of 120 pages
Issued once in two monttig, and Turnished without extra charge to Portland
Worcester
•ubscrihers of the Chronicle.
SDrlnnfleld
Bubscnpiions will be continued until definitely ordered stopped. The
pnbllshera cannot b<^ respunaible for remittances unless made by drafts
or Post OtTioe money onlers.
A file cover is furnished at 50 cents; postage on the same Is 18
cents. Volumes bound for subscribers at SI 00.
may
one inch space one year.
Space
is
measured In agate type -14
W^(I'I<IAn B.
DANA
102 William
^
&.
Street.
p^^^ Offick
Co., FublUtaers,
i3«,54S,000)
110.807,781
92,31)6.035
B,8Hl<,S0O
1,923,14'*
-hl9-4
-f0 3
1,214.768
-f8-3
4-8-1
Ml 4.1^00
1,78«,6'3
l,2uS,0H4
Box
958.
In the aggregate of bank excbaages for the week ending
October 20 iliere is a decline from the previous week of a
little less than fifty millions of dollars, which is fully a:iinted for at New York, the total for all otlier cities exhibThe volume of sp;culatioa
it; a small gain.
stocks and
oil at New York h-is been slightly in excesi of what it was a
week ago, but transactions in cotton and produce record an
appreciable dimi'iution. Notwithstanding the near approach
"f the Presidential election, general business kee^s up reakably well, and at most points is reported to be in betier
i>iiiipe than a year ago.
Contrasted with ihe corresponding period of 1887, there is
a loss in the total of 3'7 per cent, whereas a week ago the
gain reached 4-3 per cent. This decrease, however, is entirely
due to the falling off at New York (10-3 per cent), the result
of the much smaller stock transactions this year than last.
together twenty-flve clearing houses report figures in exs of those for 1887, the most noticeable percentages bping
at Topeks, 57-3; Detroit, 45-6; San Francisco, 41-3; Kansas
m
'
New England...
Pittsburg
Total Middle
Cincinnati
Milwaukee
Detroit
IndianapollB
Cleveland
New
Orleans
MeiDphlfi....
GalTenton
Norfolk
Total
all
Outside
New York
much heavier than now.
On the New York Stock Exchange
the transactions in
bares for the week cover a market value of only |78,718,000,
against |111,340,000 for the week of last year. As is our
custom, we deduct two-and-a-half times these values from
the New York lotals to arrive at the exchanges due to other
business, the result reached being $4:0,310,762 and |464,4ol,453, respectively, in the two years, or a gain of 1-3 per cent,
i
4-10-7
-97
4-lSS
4-8-«.
4-16-1
4150
1,2911.039
71I0,1»79
-14-3
707,699
123,092,462
105,157,795
-m-i
118,789,780
4-»-»
71,131,807
13.«98.8I0
66.548,782
11.086,172
18,289.838
-f287
-fin
•tl-8
64.680.250
12.169.477
14.359,568
1.0«1.7.t2
-0-8-
+38-»
-8-9-
45-4t
4 14-8
98.536.070
90,892,-92
-t8-4
91,4-:P,287
4-8*3^
69.393.909
10.515,450
6,49«.38S
B.676.H76
1.999.761
8,697.205
2.351.9H0
63,410.698
11.216,750
4.486.e;»
8.898.872
1.915.88^
-f9-4
417-8-
+45B
75.274,673
10,123,660
5,22^,862
6,UU2,B31
-f2-8
1,0U!!,442
-H5-^
-6-4
8.504.041
2.143,028
1,530,887
-5-7
-(2i-3
3.-^1 0.;!»8
2.513.181
1.32«.-Hr
3.024.639
6.112.122
2.427,271
4,513.260
-1-14-1
i-ia-i
-t-16-7
-fl6-2
-15-0
-70
-18-8
4,13.S,808
7,2S0.O;)8
3,(I76.3(W
-11-7
4-16-5
4-88-1
4-2-9
—16-84-18-9
4-37-7
-f40-»^
4,712,20.'>
484-6
4l«'0
87»,830
837.176
-iiro
4VH
2,5CH,-2«4
4-573
458,994
+74
-9-9:
-f81-0
121,708.276
111.302,218
-fS-3
129, •18.827
H4"7
18,112,139
1,35".»V8
10,W57,M81
8,897,010
9.320,9^1
2.9m),050
17.5a0..S95
+3-4
21.079,175
1.517,107
4-iS-8
-811
1.711.275
73
4825.21U
10.3.14.
1
8,831.087
2,682.391
2.041.453
-0-7
8,l72,Sf-«
4-11-8
4-36-4
5,614.451
— OT
10,l6:-".'20
4-73-9
4-112
2.402,0:i8
4-8-3
2,432,607
-f40-3
98
-81
i,:;27.im;
^-W
80,8»^146
47,328,891
4-7-5
53,400,494
4-18-t
21,399,543
15,148316
4-41-S
17,838,342
4-1-0
1.082.758.259 1,112,379,71(8
-3 7
1,183,953,671
4-12-4
410,1124,734
1,289,002
Aim Franclsoo
2.I08.1U1
1.259.688
1,120,785
2.211,0>-5
Total Sonttaem
4.1181. 9(J0
-2-2
678.Kln
636,199
Total Western
100,217,938
l.t»3.840
1. 148.480
922.922
5.9««.9M
415.650,497
1.402.'
389,828,343
4-4-3
4-10$.
As
received by telegraph to-night the returns of exchanges
from the corresponding five days of last week, but in comparison with the similar
period of last year there is an excess of 7 9 per cent. On the
basis of these telegraphic returns the estimate for the full
for the five days exhibit a slight decline
week ended October 27 would seem to point to an increase,,
compared with 1837, of about 8 per cent. Messrs. R. G. Dua
& Co. report the number of failures for the week ended Friday night as 254 (222 in the United States and 33 in Canada), against 224 last week and 216 for the week of last year
Setnnu
1888.
(sharw)...
LoaU..._
Kstimated
1
Total fall week
Total week,
•
For:
fall
all
we«k,
P.Otn'.
1888w
P.CmU
-lOrS
4-8-6
635.5-i7.208
(1,284.106)
(1.235.409,
(4-3
80,90$.850
88.018.645
70.887.098
49.040.29)
4--22-8
03.940.008
4-90-0
4-18-3
80.021.009
ii,S8;.:oi
+1-8
9
-24
467
(W0.S85)
(-47-3
4-68
-l-l
IM17370
8,660.061
10.807,009
48.941.000
18.707.490
8,742,687
8,480,582
-4-1
7H5,908,4«5
737.429.781
4-7-9
l<)M4«.(li7
-|-|>
Ua.904.362
149,678,101
4-4-4
168,808.869
-»«
S2Tia.787
887,1 00,8J«
4-7-3
oao.wo.saa
122.602,818
108,069,841
4-li-4
l)i9,S6a,»88
-4"8
+l»-«
r074.718.603
995,170.223
4*0
1.088.798,64^
-9-7
11.878.886
dar
1887.
565.180.471
10,340.843
82.2.8.000
rhtcago
St.
WMk BnO't Oel.»).
TTmIe .Bnd<n« October 27.
TtUnrapK
bir
be remembered, however, that in the current Boston
Philadelphia
the volume of speculation was Baltimore
It is to
of both those years
-7-1
(S-;i7.900)
(57.5l7,«00i
1 18,572,000)
l,0«0,5i»2
2,820,587
4.475.026
Paul
Grand Rapids
Wichita
Uulutb
St.
36-4; Pittsburg, 25-7, and Milwaukee, 225 per cent.
lupared with 1886 the present returns show an increase of
New York
..uout 1 p?r cent, but the loss from 1885 reaches nearly 4 per aaut of Stock
cent.
4-0-9
1.069,898
1.513,7:!3
8.38U.9<J5
City,
week
18.;
P.Cmt^
1,14'1,«87
1,820,7:10
Lowell..
Total
(903.700)
I80.47-J,565
St. .Joseph....
'
(1,541.671)
NE«r IfOKK.
CLEARING HOUSE RETURNS.
li
722.328.937
(-37-01
(-60-B)
(-24-5,
(-44-3;
(20.341,000)
MinDeapoMs
at Is. each.
I
—102
(8.1.32,24-l)
(ssa.siioi
(82,8tW.7-iO)
Omaha
I.ondon Aeents
Hessrs Edwards & Smith, 1 Drapers' Gardens, E. C, who will take
abscrlptions and advertisements and supply single copies of the paper
^
742.58 1.453
Mlf.)
Peoria
(
1888.
(1,342 300)
butlula.)
lines to
tile inch.
WILLIAM R nxvA
johhofI^vd
O. FLOYD.
'"""
P.Csnt,
687,105,762
of Adrertisln?.
Advertisements ordered for
less than one month, in the Commebciai.
KiNASciAi. Chro.nici.e. are pnlilishert at 25 cents per line each insertion. When orders are itetinitely jtiven for one month or lonser. a libei:il discount is allowed, aiul the net pricei
he obtained on applioatli>ii at thoolllce.
Tlie lowest rates on porniiinent cards detiaitiily ordtred for one year are 8 cents per line each lusertion, makloK $58 for
&
WeekEnd't <M.
October SO.
1887.
1,218.
Sala at—
flO 20
For
Terms
NO.
27. 1888.
bawd oo last week's
retorns.
89.280.000
+n
THE CHRONICLE.
J
482
[Vol. XLVII.
witcstandiDg the Lcndon market
THE FINANCIAL SITUA TION.
The
bank reserves showed
large gain ihe
Bank
Saturday,
last
obtained through Government disburEements on account
of the previous week's bond sales, together wiih the falling
and the suspension in considerable
measure of the shipments of currency this week to interior
centres of trade, have had their natural effect on tbe money
market. And yet, though tbe tecdency for the time being
has bf en towards easier rates, and a more confident feeling
ofi in loans and discounts,
has pievailcd as to their cont nuance, at least until the
lat'er part of the year, no charge has taken place in the
disjosition of the basks to
eUctioD,
now
suspends
enterpiite
tear,
so
and
no
doubt
checks
some
in
—
traosac'ions
aitention from commercial affairs,
tainly diverts
The
make time engagements.
degree
it
cer-
bodts
putting in d( ubt the future condition and management
is
the lowest, of
England has received some small
of
all,
the
arrivals of gold
from abroad. A special cable to us gives the imports
from miscellaneous sources for the week at £22,000,
besides receipts from the interior of Great Britain at
£127,000, making the net gain of the Bank for the week
£149,000. The Bank of France reports a loss of £280,000
gold during the same week.
Our foreign exchange market was dull and almost
without feature until Wednesday, with rates unchanged
at 4-84|@48.5 for long and
4-88J@4-89 for short. Then
short sterling grew easier and long a shade firmer, the
reason assigned being that bankers were freely drawing and
selling short bills and cables and buying long sterling,
which operation was made profitable because discounts
were eo easy in London. The inquiry for cable transfers
and short bills for the purpose of covering maturing
drafts, as explained last week, continues, but there ar(
is the key to the money roaiket.
an icdispcsilion to hold or act upon any indications that it will soon be satisfied, and then it v
decided opiuion with regard to the future of money until thought a decline in rates may be looked for. It is
the future cf Treasuiy accumulations and disburse- announced that a Montreal loan for $14,000,000 bearing
of the Treasuiy, which
In
there
fact,
i
is
ments can he more
which we observed
Anotter condition
has been taken by the Barings at
and this may make a supply of exchange to come
But even if the drafts should not ba
nent fea'ure, is that the most liberal offerings of money on upon tbe market.
time come from houses with foreign connections, and ths offered here, our supply must soon be augmented by offerpreEsure may have, and doubtless has already had, more ings of cotton bills, that staple moving now vary freely.
or less influence on the market by forcing domestic lenders As to our September trade movement we have the oflBcial
figures today, Mr. S wit zler having issued the statement
to reduce rates to secure employment for their funds.
So far as call money is represented by bankers' bal. on Thursday, and we have prepared the results in our
ances the extremes this week have been 2| and 1^ per usual form and give them below.
known.
definitely
week, and which
last
a promi-
is still
cent, oftener the latter, the average not being
3 per cent interest
82,
above 2 per
with reiewals at that figure. Call loars at bank
have not materially changed. Some of the banks and Eome
trust companies do not ask more than 2^ per cent when
FOREIGN TBADK MOVEMENT OF THE UNrTBD STATES— (OOOS
cent,
the security
is
first
class,
but there are others
who
are freely oflere'd at 3 a 3^ per cent; for four to five months
the rate is 4 per cent and for six months it is 4^
As
faid
above,
the
offerings
Exports. Importt. of
Ex
BILVBB,
Excess
I?n-
JBjj.
porta.
of
Imports.
ports.
ports.
are largely
IhSS.
Jan...
Feb...
Mar...
April..
May...
June.
July...
Aug...
Sept...
»
1
I
t
t
*
1
t
ports.
63.061
56.685
30,750
4JS358,514
66.856 •10.171
63,041 •l'i,2»l
ISMi 60.805 •11,«81
4r,087' 60.183 •13.OB0
44.B27 6'i.92(l •lS,a9f
45.823 39,3m; •14,15.S
4«,"03 38.S»6'll.f83
31,8B3 54.112 'ii.SSIJ
396
1,014
a,271
748
31U
29.
847
208
1,275
624
1,667
486
958
7,877
3,154
3.830
t8«8
+853
1.785
+210
+r,508
2,238
3,118
3,933
rowers seek accommodation in the
short renewals.
first
clars,
demand frcm every
quarter,
many
out-of-town buyt-rs
being in comp^tition wi h city purchasers for the moderate supply of notes offering.
Bates are as last quoted
1,050'
791
1,035
916
1,097
1,3»7
1,304
+3,483
101
17
3,',i95
823
932
3,436
l.WS
948
2,903
57S
1,089
1,207
i,:53
968
3.132
13,017
7,043
7,770
1 1,8391
13.092 13.360
9,8S!5 11,444
9,783! 9,091
9,88.'
13.012
These figures present a very unfavorable comparison.
the bor-
market or on
Commercial paper continues in good
call loan
»
1,196
1,170
1,36H
3,124
3,123
3,250
+a,8'ii
by houses with foreign conncctionp, and the remainder Total 434.832 544,507 '89.975 6.871 19,110 +1*239 31.90.'*
1SS7. 490.4e5 S.'JS.SiS MS.seo •i8.242 8,078 30,166 I9.0H6
dcmesiic
institutions
from
in
this
comes
city ISM* 485.eB:( 498,255 •1*592 14,930 40,859 +35,429 19,818
1883 4r4,lBfl 431,2471 4-i,9o2 11,H<)5 9,050 3,5.'.5 3.5.442
and cut of town, but New York banks are doing 1884.
307.65h 489,9041 1»,654 l.'>,082 40,092 +35,010 il.wv
very little of this business. There are no quotations for 1883. 56e,B9c 518,860l 48,130 12.423 5,076 r,352 18,854
• Excess of imports,
t Excels of exports.
lower grades of collateral for the reason that where the
security will rot psss inspection as
Im- i^^'"
of EX'
portt.
get 3
turbed and the collateral is good but slightly off color.
Time loans for the remainder of the year on best collateral
cent.
OOU).
Exceet
portt.
per cent and above where the loan standi practically undis-
per
Merchandise.
Tear.
omitted.)
It
seems that exports of merchandise are nearly 3^ milliona
than they were in September last year and farttier-
less
;
more, that the imports of merchandise since the
first
of
F
for four months' acceptiances and good single names, b"t
January are now $89,675,000 larger than our exports,whicb is the worst exhibit we have had for many years.
In another column we make some comments upio tha.j
sixty to ninety day endorsed b
absorption of the
lis
receivable are
4|@5
The money markets
settling
Georgia Central system by
mond Terminal compmy.
per cent.
back
of
Europe setm to be rapidly discussion
to the easier condition prevailing before the
withdrawals of
god
for
the
Russia began, although in the
Argentine Reputlc and
as to tbe effect
ttie
Rich*
Tnere has been coosiderAbla
of that purchase and the ieasol
of tbe East Tennessee
upon the fortunes of the Norfolk
The impression seems to prevail that ths J
[
&
Western.
road will suffer severely as the result of these steps.
have always claimed that the Eist Tennessee andj
of these gold wi hdrawals; the fact that their euspension Norfolk & Western were natural aUies, and so they are.
may be but temporary shows good reason for the But io great measure they are also interdependent. H-ncal
continuance of
the
5
per
cent
minimum by it is not likely to be the desire of the Terminal manage-]
Bank of England, nolwithslandiig the Lw mentto stop intercourse. It should be remembered that tol
the
open market raies
existing.
The
cable
reports send trafSc via the Morristown branch and the Western I
change.
cfiScial
rates there is lo
Our L( ndon correspondent explains
tte cause
to-day that discounts of sixty day to thiee months' bank
latter
We
North Oarohna (instead of via the Norfolk
&
Western)!
Lotdon aie down to 2f per cent, or 2;J- ptr cent is to depiive the East Tennessee of part of its haul. In the|
bekw the Bank rate. At Paris the open market rate is second place that route ia very unnsural and circuitous.
4 and at Beilm and Frankfort it is 3| per cent. Not- It is also important to note that the Danville^systeoi has
bills in
I
Octobkb
no
line of
THE CHJIONICLK
27, 1888.J
iu own
to
Norfolk, and even witb tbe use of
connecting lines would be at a disadvantage. When the
Atlantic & Dinville between Norfolk and Danville shall
have
been completed, its position will
improved. In the meantime the Norfolk
opportunity to provide
Vsllej extflnsion
nection wiih
little
is
new
somewhat
Western has
Tne Clinch
be
&
outlets for itself.
well under way, and willfurn'sh a con-
the Louisville
&
Nashville.
By
building a
further on, doubtless a very good connpction with the
483
and on
1888,'
that basia the larptnt inooiiM
In other words, the surplus for the jmt
equivalent to nearly 6 per cent on the comploy's stock.
No dividend has been paid, •• Mr.
Adams does not look with favor upon the reenmp-
$3,533,580.
WH
of dividends so long as the company's relatiou
with the United States remain in their present nnaatif*
tion
During the four years linco Mr. Adams
been identified with the property that is, between
factory state.
hag
—
—
mubt June 30, 1884, and June 30, 1888 surplus income to the
be borne in micd that the Maiietta & North Georgia is amount of $13,560,000 has been put into the property, in
Knoxville and beyond. one form or another. The continued prosperity of the
pushing its road north to
Finally, the Norfolk & Western's chief reliance is on local Union Pacific at a time when so many other companies
traffic.
We showed when reviewing the company's west of Chicago have experienced serious reverses, calls
annual ref ort, that out of $4,254,794 total gross earn- for a few words of explanation. In Kansas, Nebraska
ings in 1887, the through traffic (passenger and freight and Colorado the Union Pacific has suffered from the
combined) supplied only $968,276, and through traffic, as same causes, and to pretty nearly the same extent, as the
is known, does not yield much profit.
other large systems, but it has had a heavily increased
The Sr. Paul Minneapolis & Manitoba has this week business from Oregon, Washington Territory, Idaho and
isEued its leport for the year ending June 30, 1888, Montana, which has more than sufficed to overcome the
and it will bd found nearly in full in a siibsequent part losses in the first-mentioned sections. This shows the
of this issue.
The results are substantinlly as fore- wisdom of the acquisition first of the Oregon Short
shadowed by the preliminary figures given a few weeks Line and later of the Oregon Navigation Company. The
ago, except that the net income is just $100,000 larger. Chronicle has always contended that from a geographical
In brief the company out of the earnings from the ordi- and strategic point of view, these were good moves
nary operatioLS of the road was able to meet all entirely apart from the fact whether they might prove
expenses, including $750,000 for renewals and improve- immediately profitable or not.
But in addition we now
Cincinnati Southern m'ght be secured.
Besides,
it
charges for interest, $1,200,000 for dividends
find that both propirties are doing remarkably well. The
and jet carry forward a balance of $148,- Oregon Short Line especially shows a noteworthy improve167 to the right side of pnfit and loss account. In ment. In 1836 the road's net earnings fell heavily short
addition, there was the usual income from invts ments of its requirements for charges.
In 1887 the company did
ments,
all
(6 per cent),
amounting in the year to $450,759, so that somewhat better, but still there was a shortage of $266,was a surplus of about $600,000 for 323. In the present year the road has earned more than
This result is espicially gratifying (nough to meet all charges, net earnings to the end of
the twelve months.
in view of the great reduction in rates that has occurred August being $319,685 above those for the corresponding
and
rents,
altogether there
We
in recett yeats.
alluded to that feature in our pre-
vious article, but did not then have the actual figure for
period last year.
In addition, the Short Line,as the lessee
Oregon Navigation, will get the benefit of any
We now find that thtre was a further profit accruing on that lease.
the late year.
decline in the freight ayerage in 1887-8, the figure standTbe stock market this week has been decidedly
irg at 1-30 cent p«r ton per mile, against 2-51 cen's in irregular. There has been
only strength and
not
1881-2 aid 2 88 ceits in 1880-1— that is to sfcy, the aver weakness on alternate days, but in different groups of
age has been cut down about one-half in six years. In his stocks at one and the same time. Tne grangers went
remarks. President James J. Hill makes some inter- down while the Southern stocks went up, then the
esting observations bearing upon the system's development Southern stocks would
decline while the grangers
and present position. After referring to the fact that advanced, and then the movement would again be
on parts of the company's lines especially north and west reversed; and this see-saw motion has been continued all
the present season's wheat crop suffered through the week.
of Grand Forke
For a time, the weakness of Missouri
considerable damage, he points out that the higher range Pacific tended to depress the market, but laiteily that
The coal properties
of prices now prevailing is greatly stimulating fall plowing stock has shown more firmness.
acd bringiig a larger area under cultivation, and that the have been attacked on rumors of shading in the price of
came CD ciimsiance must alEO cause increased setlemenis coaL Ttie Ricamond & West Point deal had comparaalorg tfce rotd, besides which mixed farming, he sa}s, is tively little eff c, even upon the Southen stocks, though
becoming more guneral, so that the farmer is le^t dependent sou-e of these are a trifld higher than a week ago. Norupon wheat alune tcian in former years. Mr. Hill further folk & Western, however, was 8o!d down, on the theory
—
—
remarks that the Manitoba, in the course of a few years,
will be in a position not to
be materially affected by the
outturn of a single grain crop, this iollowmg from tbe
extension of the system into Montana and the diversification of traffic
of the
and development of indusiiies wh:ch
is
sure
that the Terminal deal
must
result disadvantasreousy to
it.
Toere have been a number of uufavorable developments
in Boston, such as tee rtduciicti of tre Bost n & M*ine
d.vidend acd the passing of the dividends on F tcnburg
fctock
and on Easiern.
But theta have had only a passing
Union Pacific has been quite strong all
The Ui-ion Pacific b> s aUo issued an extended state- ihiough the week, and Lake Shore and tne VanderbilU
ment, covtriog tbe results for the six monttis to the end have also been firmly held, in some cases at highrr prices
We need hardly say that it is a very satisfac In the last few days the grangers h.ve shown more
of June.
Tbere is a surplus above all chirges and resisiaice to attumpis to depress ihtm. The market
tory document.
to iiow
fiom
tl
at step.
influence here.
the rtquirements for the United States, of $744,172 for
the half year in
US8, against a surplus of only $393,365
The first six monins constitute
in the half year in 1887.
the poorer half of the year.
show the
results^ for the twelve
A
statement
is
given to
months ending June
30)
traders,
seems to be entirely in the hands of professional
more
decided
any
make
to
disposition
aLd there is little
till
after the Presid ntial eltciion.
statement, made up from returns collected
shows the week's receipu and shipments of otirrency
Tne following
by
us,
THE CHRONICLK
484
and gold from and
Mew York
by the
to the interior
[VoL.xL-vn
our compilation
did not allow enough for seed, and (2
To prove the
(1)
did not allow enough for consumption.
banks.
(which really involves both), it enters into a
with regard to population which we find
impossible to accept.
It sajs that "if the rate of annual
"increase since 1880 has equaled that of the decade
latter point
mdint
TTetfc
Net InUrior
Movement.
Shipped hy
Received by
W. T. Banks. N. T. Banks.
Oct. 26, 1888.
|l,8i)0,000
Currency..
Gold
Total gold and legal tenders
$l,*O0,OOO
calculation
Jj01,OOO
718,000
$2,484,000
718,000
Loss
$3,2'2,000
Loss. tl. 312,000
Loss.
the foregoing in connection with the Sab-Treas-
Taking
ury operations, the
Set Ohante
...
"oa
in
Boldinor
9.800,000
$13,502,000
Los 1. $1,812,000
But we do not nesd
Oct. 27. 1887.
Germany*
Aust.-Hung'y
SUver.
Total.
Sold.
£
£
£
£
lotai.
Silver.
£
£
20,680,573
20,092,284
20,082.284
40,8fl5.369 49,126.588
89.991,957
45,833.800 47,638.780
93,422.560
28,843,334 14.421,886
B,»53.0(Xi 15.626.000
43.265,000
22,515.0 .)0 15,010,000
6.868.0O0 14,805.00'
37.523,00
21,471,000
21,47J,09;:
12,131.000
4,OJ2.000
2,482,000
7,549,000
1.231.000
12.83:1,000
Hat.Belgium*
3,693,000
2,4S1,000
1.240,00<'
S.731,000
6.870.001'
1,126,000
8,096.000
6.983.0011
1,U8,00
8,101,00.
e.os4,ao«
8,112.000
i
Uationalltaly
Tot. tills weeli
Netiierlands..
110,858 278 88,980.254 199,838.530 108.793.084 87.873.760 186,466,834
Tot.prev.w'lt. 110,944,548 88.835.372' 199.579.920 108.477.S18'87.625.887 198.003. ns
The dlvtslOD (between Kold and silver) given In onr table of eoln an d
ballion In the Bank of Germany and the Bank of Belfifium la ma<le from
the best eatlniate we are able to obtain; In neither case is It oliiUoed to be
*
mocnrate, aa thone banks make no distlnotlon In tUelr wo'^kly reporta,
merely reportlntr the tAtal Kold and silver; but we believe the dlviiiiun
we make Is a oloAPapproxltuatlon.
Note. We renelvo the above results weekly by oabla. and while
not all of the date Klven at the head of the columa, they are the
returns issued nearest to that date that Is. the latest retiorcad ttfcnres.
—
through the Sah.
Treasury for domestic bullion during the week, and thx
paid
was 63,457,000;" and
method
One can
readily
of estimate here adopted.
occupy space in discussing that
own views. The Actuary of
the Treasury Department some time since prepared a
1870
$159,759
to
to
1880 proved to be surprisingly near the results
the Cansas
which
for
1880 disclosed.
by h m, are
Tae
totals of
1890, as computed
population for the years from 1880 to
as follows:
53,430,000-
1881
51,495,000
1886
1883
53,803,000
1887
59,893,000
1883
1884
54,165,000
1888
61,394,000-
55,558,000
1839
63,931,000
1885
56,975,000
1890
64,476,000
—
The Assay
fully
statement of population for each year up to 1890. It will
be remembered that the Actuary who prepired these
figures was the late Mr. Elliott, so long connected with
the Department, and whbse similar estimate for the decade
last year.
Oct. 25,1888.
was
matter or in asserting our
amount of bulhon in
week and at the correS'
OoU.
188", taking
1888, the indicated population
year fully 64,000,000."
tl 1,690.000
the principal European banks this
1,
1,
iinmigratioD,
line of calculation
detect tLe error in the
following table indicates the
Sngland
France
Eame
the
' for the current
Loss. $1,313,000
500,000
Loss.
Sub-Treaa. operations
Total gold and legal tenders
Bank
$3,202,000
10,300,000
«l,890,0i)0
yearly
consideration
"61,685,000; for July
Into Banks. Out of Banks.
Banks Interior Movement, as above
ponding date
"into
result is as below.
WMk endinn Oct. 28, 1888.
The
"ending with 1880, the population on July
Mr. Elliott was an expert in this depart aaent of work.
Two
or three years ago, not being awars that he had pre-
we made up
and used
he called on us,
Assistant Treasurer received the following from the Cus- explained his methoo, and gave us what we considered
tom House.
sufficient reasons for adop ing his results.
Toey represent
the total number of people in the CDuntry at annual
OonfUling of—
ioterva's from the date of the last Census, which we
Date.
Sutie:
Office
0old.
30
85
70
63
31
68
24.
$323,520
331,130
407,^84
589,493
314,410
" 25.
3.''>5,819
Total.
*2,32 1,989 47
Oct. 19.
" 20.
..
22
" 23.
"
*700
700
U.S.
NoUi.
Oold
Silter Oer-
Oerliflc's.
tifleata.
800
20,400
16,900
*33.00O
67.900
64,700
110,400
150,500
47,600
.«7,500
$147,600
$526,100
2,300
1,300
1,700
$16,300
30,300
23,500
40,20.)
$12,300
$83,900
1330J
21,100
16,20J
10,700
10,3 JO
pared the above,
them
in
an
asiume was
artc'e.
similar es:imites
Subsequently
in ^nn", 1880.
Ace rding
to his figures, the
avdrage for the current crop year would be in round
numbers about 62,000,000, and
for
the previous year
about 60,500,000.
But the Cincinnati Price Current has called
it terms is an error, which, although we
do not quite agree with its opinion on that point, has
Witu regard to seed, the item which we gave separate
was cf course for winter wheat, being so stated ia the
Agricultural Dcpirtment report, we assuming that for
he spring seeding the consumption figures given
it,
the
report
made no separate
covered
as
mention of that item in the previous year's figures, which
were the basis of ours, as we stated at the time. For the
two items, consumption and seed, our total was 314,500,000 bushels for 1887-8 and 321,110,000 bushels for
1883-9, which in each case would be nearly 5^ bushels p^r
For the previous year, 1886-7, the allowance by
capita.
the Agricultural Department for consumption and seed
was only 507 bushels per capita, and for the four years
from 1883-4 to 1886-7 it averaged 5-41 bushels, and that
inc'uded one year, 1S84-5, when the total left over was
6-60 bushels per capita, a figure which probably shows
that the es.imite of the crop was too high that season.
xeference to a matter of such deep importance to the
country that we are pleased to refer lo the subject again.
Current, we are perfectly willing to take the average^ 5 41,
Included in the above payments were $4,200 in 8ilr«r
coin, chiefly standard dollars, and $1,551,895 49 in
checks drawn against gold deposited in the Sab-Treasury.
WHEAT SURPLUS FOR EXPORT.
comment is so limited, and so
we do not often refer
to criticisms of our statements, unless we have somethiog
additioual lo say or unless the criiicism shows that we
have really mad^ a mistake. As to our errors, we like to
have them pointed out, and are always glad to acknowlOur space
much
is
for editorial
barred out each week, that
edge them.
attention to wh*t
I
If,
however,
it
will satisfy those
who
think with the Price
It gives us an opportunity
of explaining our s.atement of ihe previous four years, as given above, for coasump'
which seems to be needful, and confirming our tion anl seed. Made up with that amendment, our
conclusion.
"We insert the imports of
statement would be as follows.
The article that has been criticised is the one we wrote wheat for the last year, and also an estimate similar in
two weeks since (Oct. 13, page 424) on the wheat supply, amount for the current year. Tney are small, but as the
in which we undertook to prove, and think we succeeded figure used for consumption is, we believe, a maximum,
in proving, that if our crop is equal to the Agricultural especially in view of the higher prices ruling, we might as
Department's estimate, there would be for the year ending well have the supply accurate. We s'.art, as before, on
June 30ih, 1889, at least 100,000,000 bushels surplus for the supposition that there was no invisible supply July
more
fully,
«xport.
The Price Current claims we are wrong because
1,
1887.
i
OCTTOBBB
THE CHRONICLE.
27, 1888.]
Bus?nla.
Visible supply July
34,418,127
1887
1,
Crop of wheat in 1887
Imports of wheat in 1887-8
450,380,000
Total inpply, 1887-8
401,825,243
583,115
Estimated consuiuption and seed
Actual export
Left over July
1
,
827,805,000
119,825,000-146,930,000
1888
44,895,2 13
Crop estimate for 1888
Imports, estimated
411,000,000
600,000
Total supply, 1888-0
455,805,242
Estimated consumption and seed
Surplus for export
Left oyer for stock July
335,430,000
100,000,000-435,420,000
1889
1,
20,475,242
Ooe who wants to get at the truth, and not be misled,
mind how the above final total of 20,-
ihould bear in
475,2 12 bushe'a
We
to be interpretttl.
is
sum-
will briefly
marize some of the points not to be forgotten in c3nnoc-
with
tion
First
— That
every bushel of wheat which was in the
1, 1887 (outside of the visible supply)
ehould be added to this left overstock for July 1, 1889;
all of it will then ba either visible or invisible.
—That
i
much
first
be drawn down to their lowest point (that
is
to
1,
much
1889, leaving
|;
'
This does not mean that
they have contented themselves with worse accommodations than before.
The
present day stands
much
England at the
nearer to the second than to the
third class car of the year 1877. The competition betweeo
third class car in
the different companies has led
facilities that
they
now give
them so far to improve their
two cents a mile nearly as
for
good accommodations as could then be obtained for three
cents, and the public has taken advantage of the change.
In freight
traffic it is
not so easy to describe the reduction
can only be said that while the tonnage has
increased thirty per cent the revenae has increased less
of rates.
It
than ten per cent, showing without question a reduction
of rate?, and probably one nearly as marked as we have
leEs
at that date in the interior (that
Tnis view of the matter
tion.
of train mile receipt?,
confirmed by the figures
is
which show a
falling oil of thirteen
per cent, although the train loads have almoat anquestionatly increased.
in
These changes of price have been attended with gains
economy and efficiency. The reduction in the expenses
per train mile
were
71c.,
something enormous.
is
1887 only 60c.
in
Any
In
1877 they
—a difference of more
man
than
how
scut of sight) than on July 1, 1887, as the prices of spot
great
economy
change
this
represents.
Nor
has
it
been
uid future wheat are now so very much higher than they
attended with a diminution of facilities, but rather with
vere during the seasons of 1886-7 and 1887-8.
their increase.
Especially is this true in the passenger
Third That in allowing for seed and consumption we
business.
The
train service in 1877 was excellent, but
each
individual
in
the
tare allowed just the same for
since that time it has become simply unrivalled.
On
Jnited States (5-41 bushels per capita) the current season,
nearly every important route there has been an increase
1888 rt) when wheat is say $114 per bushel in Chicago and
both in the number and in the speed of trains, culminating
i>read in soma places has gone up one cent a loaf, as we
in the wonderful psrformances of the Scotch expresses in
llow for last season, 1887-8, when wheat ruled 80 cents
per cent.
railroad
will appreciate
—
the
lower at Chicago.
r
—That we have placed consumption
Fourth
lum
figure,
it
may be assumed
crop
le
ia
short,
even
S87-8; but being so
ited will
if
prices
much
that
higher, the quantity eubsti-
undoubtedly be greater.
view of the
In
maxi-
more corn would
wheat, especially where
were no higher than in
used as food in the place of
9
at this
although the country has a very abundant
and
}rn crop,
'
shows an increase of two hundred
million, or forty-five per cent.
fifteen
,
years ago.
class
third class passengers
interior or invisible stocks the curient
greater extent will become visible) before July
season will
In the period in quetlion the nambar
pasiengers has decreased greatly, that of
second class has decreased slightly, while the number of
of
witnessed in the United States during the period in ques-
it.
country on July
Second
cu«4eB
485
foregoing and
on
the sapposition
the Agricultural Department's estimate for the cur-
tat
crop
nt
is
be any doubt of the
correct, can there
.at
ist
ability
100,000,000 bushels of
he United States to export
out of this crop, and yet leave a visible supply at
as large as
VATE
it
was July
1887
1,
?
Ayn PRIVATE RAILROAD
year
1888, one of
which attained a running speed
averaging over fifty-seven miles an hour for the whole
distance.
This state of things becomes
when we contrast
at the same time.
it
all
the
more remarkable
with what has happened in
Germany
In some respects the two countries are
not dissimilar in those points which affect the comparison.
The rate of increase of the population is nearly the same.
The growth of mileage in each is comparatively moderatej
though Germany develops faster in this respect than
England, because the latter was better supplied with
rfkilroads at the
To
beginning of
we
the period
in
question.
somewhat similar results of
operations in the two countries.
The growth of traffic
has been just about the same.
The falling off of earnings
a certain extent
find
per train mile or per ton has not been very different.
SERVICE.
But we look in vain for corresponding indications of
improvement in efficiency. The passenger train service,
en issued show some interesting facts in regard to in which a direct comparison between the two countries
insportation in that country.
Although railroad con- is possible, so far from having advanced has on many
uction in the United Kingdom proceeds but slowly, routes actually declined.
A German railroad guide of
'The English Board of Trade returns which have recently
ilroad trafBc
ser
traflSo
develops rapidly.
—the
number
of
In ten years the paspassengers can led
reased fully one-third, while the tonnage has
llmost equal ratio.
ma
I
this
It is impossible to
paid in
make
grown
in
the present day shows
little
change from that of ten years
trains, and none what-
ago in the matter of frequency of
ever in speed.
The
fastest
expresses in
the
German
growth by any Empire ran barely over forty miles an hour, while some
measure the whole advance made in
nomy.
CM
Nor does
— has
railroad
direct comparisons of
England and America, because no returns
so-called express trains content themselves with speeds of
twenty-nine and twenty-eight miles,
good
lines,
in densely populated
and
that,
too,
on
sections capable of
A recent writer
furnished giving ton^and passenger mileage; bat there
furnishing heavy and profitable
be no doubt that rates on both descriptions of
in the Pall Mall Gazette has justly described parts of
traffic
German
re decidedly decreased.
to passenger traffic
r
it is
possible to
more persons travel third
class
fast
traffic.
train service as a diigrace to the empire.
this in detail,
While other countries have been advancing, (Jermany^
to-day than was the
since her State purchase of railroads, has simply stood
show
THE CHRONICLE.
486
Nor does
still.
XLVII.
[Vol.
This latest step, following so soon after the lease of the
of the a^gicgaie amoubt
more favorable impression. A East Tennessee, shows that it is very far from the
the year 1884 shows that while the purpose of the Terminal managers to dismember the
a comparison
service give a
of train
comparison made in
United States had an annual train mileage per capita of
9-7 and Great Britain 7-5, Germany had less than 3 4; in
Other words, that there was less work done and less
and parcel out the parts among other roads,
reported a few months ago. And yet the
Georgia Central purchase would appear to differ very
service offered per inhabitant by the railroads of Germany materially from the arrangement made with the East
Tennessee.
The only hold on the East Tennessee
than was the case in other countries.
hitherto
has been through the ownership of a majority of
the
The reasons which induced Prussia to purchase
But this
railroads and to run them as a Government monopoly the first preferred stock of that company.
gave
com.
the
Terminal
a
very
frail
tenure.
Control
which
of East
of
was
one
were many in number ; but there
Tencitsste
lodged
ex.
is
in
the
first
towards
preferred
stock
only
go
far
till
which
will
said,
and
paratively little is
plaining this want of progress In the railroad system of the payment of 5 per cent dividends for two full sucThe Government is glad to treat its rail- cessive years, and ceases in any event in 1891, after
that country.
roads as a means of providing comfortable positions for which time the 18^ millions of 2 J preferred stock and the
In every large military organ 27^ millions of common stock will in that respect be on
second-rate army ofiBcers.
The
ization there are a number of officers without special an tqual footing with the first preferred stock.
They Terminal thus found itself in the position of having paid
aptitude for the higher branches of the service.
amount of credit to the dignity
beyond
that they are themselves
of captain or major, but
and
stand
in
the way of those who
advance,
unfitted to
A State railroad system forms a colare more worthy.
perhaps
rise
with a
fair
yenient means of providing posts for such
men when
they
system
was
as
amount of money to get control of the East Tenand yet not certain of retaining that control.
lease therefore was a natural outcome of such conditions.
a large
A
nesste,
Looking
at the Georgia Central purchase, the benefits
to be derived
fiom
it
are not at
promise no special usefulness in their military work, as
well as for more numerous subordinate officia's who have
Yet
served for some time in the army.
are not just as striking.
how
It is
hard to
large a part of the railroad organization
this way, but there are
enough such cases
is
to
lell jast
filled in
have a de-
cided influence.
The consequence
is
that lailroad management, instead
of being put under the most efficient leaders, as
case under the keen stress of competition,
those
sive
is
who
are noted rather for the
and enterprising
simply one of the
is
many ways
in
As
for the best
men
places for inferior
in the
which Germany
men
work
in the
the
absence of aggres-
qualities than for their presence.
ing for the superb development of her army.
room
make
is
entrusted to
is
It
pay-
To make
of the soldier, they
work
of the civilian.
long as the State owned only a part of the railroads
it is
logically
first
sight so obvious.
a question whether the later step does not follow
from the earlier
Dfinville are not parallel lines like the Eist Tennessee
The
Danville.
of
interests
some
years, the deteriora-
tion in the standard of the service is only too evident.
THE LATEST SOUTHERN COMBINATION.
Through the
acquisition of the Georgia Central system.
or rather a controlling interest in
and
The Georgia Central's interests lie in
Savannah and thence north by its
steamer lines. The Dinville on the other hand is interested in having traffic go overland by rail.
With bothi
routes in the same hands, as they now will be, any aggressive tendency of either will be held in check.
But that perhaps was the consideration of least importance. The
Terminal Company's various lines conoect and come in
contact with the Georgia Central at quite a number of
points.
The control of the latter, therefore, will give it
increased power over local rates and traffic.
Not only
respects
conflict.
can yiBg
traffic
to
1-
The Georgia Central
seaboard.
further
—
traffic,
taking
it
puts
it
it
in possession
to the fountain
carries
it
one degref
of the very
head as
it
sources
were.
o!
Hence
forth it will have complete control of the currents of trad(
from the southeast be able to direct whether the Dan
—
what the vilie or the East Tennessee or both shall have the businei
purchase of the Georgia Company stock amounts to), the destined north. It should also be remembered that th(
Bichmond & West Point Terminal adds another large Georgia Central recently opened an extension to Birming
amount of mileage to its already vast combination of ham, forming in connection with the Kansas City Memphi
roads.
In an article in our issue of September 8 we & Birmingham a new route between the Atlantic coas
pointed out that the Central of Georgia owned abd con- and Meraphis
and points beyond; but the East Tennessei
trolled about 2,600 miles of road, had over 200 miles more through
its Memphis & Charleston also
a line tc
it
(for that is
has
in coarse
of construction, besides which the
lines are usually
miles more,
steamship
considered as equivalent to about 300
making altogether about 3,000
Memphis.
The ownership
interest will avoid
any
of
conflict
both routes in the sam(
between them.
The
Whether these combinations, while beneficial to those
Richmond & Danville, with the East Tennessee and taking part in them, are also in the interest of public
Memphis & Charleston, comprises some 4,500 or 4,600 policy, raises an entirely different question.
WheD
miles.
miles, so that the grand aggregate may now be taken
roughly at 7,500 miles. If the road under construction
and the steamship line be deducted, even then the aggre-
gate would be 7,000 miles.
Both the Atchison and the
Pennsylvania have over 7,500 miles (if we count all the
mileage in any way controlled by either), so the Terminal
j
the two, however, in some
there was a limit to this process.
It could not afford to that, but the Georgia Central drains the greater part oi
have its lines badly managed while things were better the Slate of Georgia, with its rich and varied resources,
done by its private competitors. The practical monopoly and also a good part of Alabama.
In holding the
in the German railroad service of the present day has East Tennessee and the Danville, the Termical has posremoved this check. To any one who travels on the lines of session of both routes to the northeast and the northern
that country after an absence of
.
and whether the advantages
The Georgia Central and the
step,
various pieces of road,
all
under separate and
distinc
ownership, are connected and brought together so as
t
form a harmonious and complete system under one mai
agement, the operation
and
to all concerned.
is
clearly beneficial
The
effect of
to
the publi
such an arrangemei
is to reduce cost, furnish cheaper and better servic
can not quite claim the distinction of being the largest economize time, and in various other ways add to tb
system in the country.
But^when ,the objei
value and usefulness^of the roads.
:
OorOBEB
is
487
the matter may wear a has no otber r«soarc«, and when indirect tax«tion
However, bo long aa the Inter-State suffioienr, recourse must be had to direct taxation.
oompeiitioD,
couirol
to
aspect.
different
THE CHaONICLE.
27, 188S.]
law exists in its present form, we are
from discusfeiag that phase of the question.
precladed
The only
method that has yet been devised for maintaining rates on a paying and stable basis among the railroads,
is pooiios:.
But the Inter-State law forbids pooling, and
makes it illegal. The later-State law, as now construed
by the commissioners, also says in effect, that where rivalry
reduces rates betwe>n competing points, they must also
be reduced at non competitive intermediate points. But
if a management cannot persuade its rival to limit competition to a payirg basip, what alternative is there but
to buy out tbe rival and thus avoid the trouble.
Hence the
effective
Adams
Fiance
already overweighted.
ia
she bears an enormous burden.
but nnbearable.
money
In
ia in-
Bat
ihape of debt
Her taxes are already all
the
Ingenuity has almost exbauited
itsalf
to
meet Government demands. Living is
now said to be more expensive io France than in any
country in Europe, and so great has been the burden that
the neoessiiy for money on the one hand and the demand
for reduced expenditures on the otber has been the means
of sbipwreckirg several governments in succession.
We
raise
to
are not surpris< d, therefore, to find that the
press
is
ont-
spoken against the measure.
Temps
Referring to the tax the
existence of the Repablio is in
"The
says:
Yet the Government is doing everything to
form even greater combinations among tbe rsilroads than " estrange the younger generation of electors. If the
any that have existed heretofore, and the public will be
Government attempts again to dive into their pockets,
debarred from complaining even if the combinaiioos shall
they will lose their temper." The Temps foresees the
be clearly undesirable.
effects of their anger; and charges the Government with
creating an opportwnity for the Monarchists and tbe
tendency
will
b«»,
as Mr.
a short time since said, to
"question.
>'
'<
Boulaogists,
FRANCE AND HER INCOME
TAX.
That France has a perfect right to tax resident forwould seem, is about to fall into fresh eigners is not to be questioned. But right and the exerdifficulty,
Tnere is to be a new income tax, and the cise of right are two different things. The question of
urangemenis proposed are sucb that only the poorer the direct taxation of foreign residents by any govern,
France,
it
classes will be allowed to escape.
levy
M. Peytral proposes to ment
who
per cent on the iccomes of Frenchmen
is
always more a question of wiedom than a quee>
foreigners
It is to be remembered that the local taxes
and the customs duties in France are particularly heavy,
and that these are felt most by the weatbier classes. No
their
country in the world has a larger number of foreign
1
over 3,000 francs, or say about $600, yearly.
earn
Rtsident
ai e to be liab'e to a charge of 1 per cent on
whole incomes. Temporary residents even are to
he included and are to be compelled to pay tares on that
portion of their income which they Sfend or collect in
France. At the same time, as if to give fores to the Government demarid, M. de Frejcinet infoims the Chambers
that he has found upon ctreful examination that the
Eastern frontier line of defense against
Gamany
is
not
satisfactory, and makes a demand for a sum amounting to
about two hundred millions of dollars.
The
revelation regarding the insuffic'ency of the Eastern
comes upon us somewhat as a sur^rife. It is
not long since we were taught to believe that France on
her Eistern and Northeastern borders was absolutely
secure, and that Germany, if she would invade Frarce,
would be under the necessity of finding a way more to the
westward. It was even said that the sfcurity provided by
these forts was such that ia the event of war Belgium
would be placed in special danger, and that the final
Struggle for supremacy would be on the old battle ground
of Europe.
That the line of deferse is really insufficient
line of forts
must,
we
cuppoce, be taken for granted.
not to be
It is
supposed that M. de Freycinet would make such a report
without all needed irquiiy.
But that to much was made
of this eastern line cf
date,
moment when
there
the Government,
will be
to the
forts at so comparatively recent a
and that now the subject
is
revived again at a
is
a ne cf ssity for
is
money on the
to say the least suggestive.
r*
quired.
Toe strength
dents, living for pleasure, than
a
extent
large
money are spent
foreign
Many
Paris
has.
resi-
is to
a
millions of foreign
annually by representatives of the
Europe and America. Paris has been
liked
and France generally because inquisition was not
offensive.
Fersocal libeity was guaranteed and protected as it was nowhere ehe in the world.
How a man
lived, or by what means he lived, were his resjurces
great or were they smsU it was nobody's business; and
with such questions no one troubled himself. All that
was required was that the foreign resident paid his way
and kept the peace. All this will be changed if the
proposed law should come into force. It was difficult to
understand what was meant by the recent order of Presiin
it
nationalities both of
—
—
—
dent Carnot compelling foreign residents to register.
meaning
Its
income tax.
Who the foreigners are, where they are, and what they
are worth, and how their pockets are to be reasbel, and
wbelher they are permanent or temporary residents all
Henceforward to the
this is known to the authorities.
and it is almost
foreigner Paris will no longer be Paris
safe to predict that the foreigner will seek and find a new
Paris somewhere.
France will be the loser, and while
Par's laments her loss, Brussels and Vienna and even
clearly seen in the light of this
is
—
;
may have
So far as the foreign
French income tax is likely
cause to rejoice.
Berlin
Money
residents sre concerned, the
of tbe anti-German
France
city.
part of
obtained for the perfec'.ion of the line of defense
amount
tion of right.
to defeat itself.
It is impossible,
however, not to
feel that the
situation
wiU for France is one of no little difficulty. As was said in
be felt all the same; and it will still be possible for M" the French Chambers on Wednesday last by M. R:che,
de Freycinet or his successors to discover defec's in the reporter of the Budget Committee, in the Chambtr of
line of defer se aed to make a fresh demand for so many Deputies, it is not the French budget alone that is increas" Europe
more hundnds of thousands of dollars.
ing.
All the European budgets are increasing.
However ji:st the demand may be in regard to the " has become," he said, " one vast entrenched camp; and
sentiment will
make
the vote secure, tut the burden
eastern torts, it is not to bo denied that the proposal to
impote upon the Frecch people additional taxes is a misfortune.
If necessary
— and we have no right
— there no help for
that they are not ntcesaary
to
is
Govtrnmeiit miist be put in a pcsition to pay
its
suppose
it.
way.
Tbe
It
" Fiance
is
bound by the
fatality of events.
" sible for her to isolate herself
"coalitions."
at war, while
the end of
This
is
the secret.
they seem to
it all'/
in presence
It is
of
Tne nations
be at peace.
impos-
menacing
are actually
What
is
to
be
THE CHRONICLE.
488
[Vol.
XLVn.
IMPORTS AND EXPORTS FOR SEPTEMBER.
The Bureau of Statistics has issued its detailed statement o(
the foreign commerce of the country for the month of Sept.,
and the three and twelve months erded with Sept. 30, 18S3, as
well as comparisons for the corresponding periods of the pre
ceding year, as follows.
MEECHAITDISB.
For
the
month of
September.
For the 1
For the H
Honths ended Months ended
September '30. September 30.
$50,S64.137 *1-10,743,123 fGfi7, 137,983
12,531,H20
3,045,r'21
998.156
$51,Se2,2s)3 $143,788,644 *.;79,0G9,6O3
54,112,117 171,888,271 717,fi00,912
1888.—Exports— Domestic
Foreign
Total
Imports
Excess of exports over Imports
Excess of Imports over exports $2,249,824 $28,099,627 $37,831,309
1887.—Exiwrts— Domestic
S54,543,652i$157,467,244, $705,571,330
1-2,()33,5U1
712,913
2,606,301
Foreign
855,255.565 $160,073,548 $718,204,831
56,017,3761 178,344.473 700,^90,203
$17,2u5,628
Excess of exports over Imports
exports
18,270,925
of
imports
over
$761,8111
Bxoess
Total
Imports
OOLD AND gILVBK—COIN AND
1888.-Exports— Gold- Uom.
«323,426
Foreign
Total
Silver— Dom
Foreign.
Total
Total exports
Imports— Gold
Silver
Total
Excess of exports over imports
Excess of Imports over exports
1887.—Exports— Gold— Dom.
.
Foreign
Total....
Silver-Dom.
Foreign
Total
Total exports
Imports— Gold
Silver
$323,425
$2,637,819
198,4'6
$3,436,275
$3,759,700
$1,275,356
1,304,01?
$2,579,373
$1,180,327
$4,234,972
109,435
$4,341,407
$6,460,908
1,519,926
$7,980,834
$12,325,241
$1,830,245
3,727,695
$15,658,696
4,032,150
$20,290,846
$18,018,036
12,303,754
$30,351,790
$50,642,636
$23,519,260
$.5,557,940
$38,135,487
$12,507,149
$e,767,301
$1S0,259
25,658
$175,917
$1,541,542
1,237,258
$2,778,800
$2,954,717
$14,089,274
1,461,880
$15,551,160
Total
Bxoess of exports over Imports
Sxoess of iniportsoverexDortft $12,506,443
BtTLIJON.
14,1)16,227
$837,686
$4,950,468
75,968
4,019.937
$913,654
$9,000,405
$1,515,012 $17,802,839
2,329,631
$6,844,613
$7,758,297
$22,245,802
4,514,6)7
8,719,899
$26,522,7..8
$2tf,760,l39
$35,523,143
$54,621,185
17,426,952
$72,048,137
$19,062,142
$36,524,994
TOTAL HEBCHANSISB AHD COIN AND BDIXION.
1888.—Exports— Domestic
$53,825,381 $151,439,003 $700,844,715
1,796,612
4,674,882
29,467,524
$55,621,vi9S $156,113,885 $730,31-','J39
Imports
56,691,490 177,44U,2H 755,030,399
Sxoess of Imports over exports $1,069,49; $21,332,326 $25,324,160
Excess of exports over imports
1887.—Exports— Domestic
$56,234,453 $162,819,942 $728,324,637
Foreign
1,975,829
5,011,903
25,103,337
Total
$58,210,282 $167,831,845 $753,727,971
Imports
71,568,536 205,104,912 773,047,310
Excess of exports over imports
Excess of imports over exports $13,358,254 $37,273,067 $19,319,366
Foreign
Total
IMFOBTS AND EXPORTS Br PRINCIPAL CUSTOMS DISTRICTS.
Imports.
OusToug Dis- SEPTEMBER
tricts AND
Ports.
Imports.
1
ExporU.
»
„
3.718.fl74
BaItlinore,Md.
Boston, Mass.
5,270.355
24,613
Buffalo Ck.N.Y
Champl'n.N.Y
2Si,Hlt3
Cbarlest'n, S.C
CblcuKo.lll....
Cincinnati, O."
Detroit, Mich.
121.832
444,107
4!«.2rj
1H«.5S5
94U,U3I
Mllw'liee.Wis.
Mlnn's'aiMiDn
Mobile. Ala...
"97,858
Orl'DS.La
3.U5.48a
42.50(1
WewYork.N.Y
1887.
1887.
2,250,587
08,»44
S9J,887
6il,b2V
a 1 6,952
65,010
9.026,887
Kr!9,«uo
3,e)27.(K]6
2,4(13.191
34,817.17.8
46,703
864,115
22,219!
12.475
22.. 7581
2.853,4-,9
I.i527,'6si
2,420,809
37,016.7^4
4,177
681.5-8
697,343
195.10:l
!
1(10.242
280.374
15,U1!9
14.(167
4.859,053
715.890
100.693
103,961
7:<,3
112,01u
Bank
Germany not
to raise their rate of discount
This has been taken to mean that the
stringency in Germany has come to an end, and that the
Russian Government will be able in consetiuence to obtain
there whatever gold it may still require. Then on Wednesday a telegram was received by a foreign bank in London
from Buenos Ajres announcing that the Argentine Government would propose to Congress to change the Free Banking
Law, so as to permit at once the paying of gold out of the
Treasury. The original act requires banks ifsuing notes in
the Argentine Republic to hold as security for their paper circulation 4J^ per cent Government bonds created for the occasion, and for which they must pay in gold, the metal to be retained in the Treasury until January 1, 1890. The proposed
change, it is said, will allow the Government to employ the gold
at once in buying internal bonds in the market. As specie payments in the Republic are suspended, it is inferred that most of
the gold paid out will be quickly shipped to Europe. A later
telegram announces that the change has actually been made,
Further large amounts in gold have been received during the
week from Australia and the Continent, chiefly from Holland, while a shipment from New York also is announced.
In addition to all this, the money paid last week by the India
Council and by the Government is now coming back into the
London market; while lastly there is so strong a desire on thepart of great financial houses to restore confidence to themarket for the purpose of bringing out new loans that every
effort has bfeen made to increase loanable capital.
The following return shows the position of the Bank ot
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years
of
cent.
2,958,662
1,088.898
t,101,808
•.22«,9n7
842,030
2.279,055
45.212.1S9
2,357,008
51,650
228,537
1.6S4,«25
1.712.0K9
31.099,926
1,000,898
2,417.810
31,340,015
92,819
4,133.780
3;i5.824
127.577
327,672
+52,490
4,619.819
799.S6S
1,406,7.19
1.831.S52
20,491,331
869,933
23,615,'wio
6,517,780
l,353,x69
3.481,521
1,551.207
4,420,679
warehouse September 30, 1887
$29,654 235
warehouse September 30, 1888
$31,'852'l09
Interior ports tii which merohaadlse can be transported
without
appraisement, under act of J.ine 10, 1880.
t laoomplete In the absence of law providing the
means of collecting
the statistics of exports to ad)aoont foreign territory by
In
in
railroad cars
i
;
i
i
i
:
1888.
Otronlatlon..:
Pabllc deposits
other deposits
Oovernment seonrltles
other seonrltles
Reserve of notes and coin
Coin and hnlllon
Prop, assets to liabilities
Bank rate
188S.
£
£
188S.
£
25,402.345
»4,8S8.775
23,137.8»!
7,469.578
3,549,538
8.620,750
3,751,27«
24,701,777
23,482.981
24.602,031
31,ill),808
22.126,^
20,328,573
81,546.1b-.
SiH
p. o.
Bp.
c.
20,284,198
20.004.541
41 9-16
4
37«
SH
p. c.
'
18.538.382
18,169,966 13,759,980 15,935,215
20,796,546' 19,775.274 19,453,078
:i,0»3,3S3] 11,315.786' 10,631,853
12,158,
84,Si
p.c
102 3-16
100 13-10
125.067.000 103.481,000 131.521.000
Consols
Clearlng-Honae retgm
Messrs. Pixley
8!,4.«,190
1887.
2 p.c.
100
I
& Abell write
as follows
on the
83,994,000
state of the
ui:
.
Arrivals: Chiua, £21,0(10; Cape, £25,000; Chil^
South Ameiioa.
£3,000; total, £49,000. Exports: £10,000 to the Cape, £10,000 I"
*
and othu land vehicles.
Imperial
from 4 per
to-day, and the Bank has received the large jvuioiints -which h;r
arrived, the total being £1,019,000: £50,000 have been taken to-day U
Totals, (Including all
Oth'r Mats.) 51,;12,117 51.882.293 544,507,098 535.S24,B61 454,839,171
49»,463,613
Kemalnlng
Kemalnlng
London, Oct. 13, 1888.
The money market this week has been easier even than was
expected. The rate of discount in the open market has been
from 1 to 1}4 per cent below the official minimum rate of the
Bank of England. Loans from day to day have been made
as low as 2^ per cent, and at the fortnightly Stock Exchange
settlement, which began on Wednesday, the banks lent to
Stock Exchange borrowers for a fortnight at the rate of from
5 to 5}4 per cent per annum.
The first cause of this return of
ease to the market was the decision of the Directors of the
bullion market
Gold.— Although rumored, no withdrawals of gold took pKace
I
8,849,111
4H.491,679
3.850.984
2,310,471
881,281
9,539,488
2,443,890
W8.640
113,781
1.415.427
l,H43.425
OreRon.Oreg..
Wllhimctte.Or
Wllmi'K'n. N.C
Yorktown, Va.
1888.
+17,459
4i9,775
179,581
!e4.713
276.159
JJortolk, Va...
8an Fran., Cal.
Savannah, (iu.
Vermont, Vt.
1883.
t,5«t.,107 35'i,74.i,«03 352,1145.^93 217,407.447
KiaKara, N.V..
OsweKa'ie.ff.Y
OflweKo, N.Y..
Phlladera, Pa.
Portland. Me..
St. Louis. Mo.
9 months truiing
September 30.
2.092,3(11
Duluth. Minn.
Oalrest'n.Tez
New
Exports.
9 monthtt eruilriQ
Sfptember 30.
[From our own correspondent.]
Bombay.
Silver.— A further decline in silver to 43d. took place on the 6th In.^^since which time the market has been steady, wUh vi!iy little oll'erin
Arrived: £5(i,000 from New York and £40,000 from Chile. Shlpmeii
To Bombay, £10,000; Calcutta, £11,700.
Mtixicitii Dollars. None have come to hand recently, and the markc:
foUowlng the course ot silver, has been nominal.
—
The
flurry in the
money market has stopped many schemes
for converting foreign
Government
debts, as well as several
new
issues.
The plan for the conversion of the Egyptian
Preference Debt, which was put off in the spring
consequence of the death of the German Emperor and the poltical
apprehensions then prevailing, has again to be postponed
because of the rise in the value of money. It will, however,
be brought forward early in the new year, unless, indeed, tli'
Soudanese should assume too threatening an attitude, or tli'
low Nile should have a more damaging effect than is now
anticipated. The flurry has particularly affected, however,
the projects for new Argentine issues, which, including a sixmillion conversion loan, the national, provincial and municipal borrowings and the demands for new capital by railway
companies and water works known to be ready to be
launched on this market, amount to between £25,000,000
m
I
October
THE CHRONICLE.
27, 1888.
This is in addition to about £10,000,000
Europe so far in the current year. Tlie
desire to reassure London capitalists and convince the Britisli
investing public that no more gold will be taken away no
doubt induced the change in the Free Banking Law referred
to aboTo, and it will be easily understood that the houses
charged with these new issues must be eager to prevent any
.stringency in the markets. It is, however, doubtful whether
such immense sums can be raised. Argentine credit stands
very high in London, but the conviction is sprea-linx that too
much money has been borrowed of late, especially by the
Provinci.U and Municipal Governments, and that railway
construction is being pushed forward too rapidly. Many of
the most cautious London houses have therefore declined the
newer issues, several of whijh, in fact, could not be negotiated in London, and hence were brought out in Paris and Berlin.
This morning, Iiowever, Messrs. Baring Brothers offer
for subscription a loan of four millions sterling, bearing 4}^
per cent interest in gold, on behalf of the Argentine Govern-
and
£30,000,000.
sterling raised in
ment. The money to be raised is in final settlement of the
debt due from the Argentine Government to the Government
of the Province of Buenos Ayres consequent upon the taking
over of the City of Buenos Ayres] as the capital of the
Republic.
The stock markets have been inactive this week. The
monthly settlement in Berlin last week was a very trying
one. Money was dear and would have been dearer still bu*
that the smaller note-issuing banks broke the arrangements
with the Imperial Bank. It is believed, moreover, that the
banks are putting pressure upon operators to reduce their en.
489
tendency appears upwards. The faltinK off In th« exports
from India continues this week, there having again been an
advance in homeward freights. Bosidee it would Mem that
the Indian peasants are unwilling to sell at current prices because of the damage done by drought in Crntrai and Southern India. Whether this will lead to an auumented consump'
tion of wheat in India cannot yet be foro-een, but it a|>par
ently discourages the peasants from selling. The rise la
freights has been to some small extent counterbalanced hy
the fall in the Indian exchanges upon London. Y.-t that la
not sufficient to bring forward an increased supply, as pricea
here have not advanced. The exports from Russia are very
large, and promise to continue so all through the year.
Tha
belief among millers is that the calculations of speculators in
Chicago will be disappointed and that there will not be a
very much greater rise in prices in Europe. It was known
that most home-grown wheat would have to be kept in stacks
for months, in order to dry, and it is thence inferred that
after Christmas the supply of home-grown wheat will so
much increase as to prevent any material rise in prices, possi'
bly even to cause a fall.
The principal imports of wheat and wheat flour, also maize,
for the first nine months of the years named have been:
mual—
1880.
1888.
owts. 13,362 402
1S87.
2,124,849
8,038,369
5,632,752
7,210.157
5,123,244
8,526,324
18.592,033
0.135.448
Total from all countries.. 39,854,879
Wheat Meal and Flour—
From United States... owts. 10.174,675
Total from all oountrlcB.... 12,908,322
FromHiiRsIa
Unite*! StJitos—
On
the Allantio
On the Pacific
BTlrlsh East Indies
OtUer eonntrlcs
7.07ti,67'2
9,9.'S8,221
0.821,5^9
7,991,770
7,^74,190
6,120,404
43,206,863
35,826,632
11.271,198
8,443.292
10.836,3.58
13,348.693
gagement?. Tlie fortnightly settlement, which began in
25,412,337
25,030.884
Maize..
19,704,963
London on Wednesday and ended last evening, was also a
The Board of Trade returns published this week were a
Tery heavy one. For the three days it occupied almost the
little disappointing, as they show a decrease in the exports*
•whole time of jobbers and brokers, and though money was in
Allowance has, however, to be made for the fact of their
abundaat supply and not dear, yet there was little inclination
being one working day less this year in September than last,
to enter into new ventures. All the more because New York
so that in reality with this allowance there would be an
has not been a willing purchaser of the stocks offered, as it
increase of approximately £500,000 for the month.
was last week. Indeed the market as a whole has been
Difference.
Peret.
1888.
1887.
Exports.
weaker, thougli that for American railroad securities at January
£17.808,735
+ £774,936 + 4-30
£18,583,671
17.2.-)5,133
+
1,737,290 + 10-10
18,992.423
February
bottom is firm. There is little disposition for the moment to March
4.->,224
19,002,083
+
+ -20
19,047,307
17,735.474
16,411.662
+ 1.323,812 + 8-10
buy, but everybody is looking forward with coDfidence to the April
16,497,836
May
19,276,225
+ 2.778,389 + 16-80
future, though many fear that as the Presidential election June
17,320,441
19,042.845
+ 1,722,104 + 9-90
+ 1,.580,783 + 8-20
19,181,395
20,762,178
approaches attention may be diverted from business and July
19,78'',299
21,187,759
+ 1,3!I9.4 O + 710
August
— 2.30,170 — 110
19,603,660
19,833,830
prices for a week or two may give way. Though the markets September...
for foreign government bonds and for British railway stock** 9 months.... £174.231,542
£163,099.414
+11,132,128 + 6-80
as well as for miscellaneous securities generally have been
Exports of foreign and colonial produce
109,077 + S'-W
4,553,464
4,662.541
+
dull, the only material fall has been in the stocks of the Snptcmber...
44,116,146
9 months
+ 4,(90,279 + S.-00
;:r. 48,815,725
Mexican Railway Company. The ordinary stock fell in two
Peret,
1887.
Dilferenee.
Imporli,
1888.
£31,047.422
+ £3;7.55,506 + 12-10
£34,802,988
days this week nearly £6, or about 13 per cent, though it re- J.auuary
28,513,994
1,019,782 + 3-50
29,582,776
February
+
covered £'2 yesterday evening. There have been rumors of March
— 204,109 — 60
32,794,930
32,590,821
31,149,925
32,098,693
+ 948,768 + 3-0O
serious damage to another bridge and there has I'kewise been April
27,921,321
May
30,370,776
+ 2,419, i54 + 8 70
27,555,217
30,478,854
+ 2.923.637 +10 60
much talk of the injury that would be caused by the con- June
28,958,156
30,706,412
July
+ :,74't,256 + 6-00
struction of the Tampico line. But the most serious influence August
29.699,0-20
30,006,140
+ 307.120 + 1 OO
27,191,594
28,414,372
+ 1,222,778 + 4-50
was exercised by the publication of the Mexican National September...
£278,622,431 £264,437,010
+£14,195,421 + 5-30
Company's list of rates. Holders of the stocks jumped to the 9 months
conclusion that these rates would inllict on the company Eerious
BBKllab Flaaaolal markets— fer t)abi*.
loss.
In reality, however, there is no intention on the part
The daily closing quotations for securities, <Sc., at London
of the National Company to begin a war of rates. It is disare reported by cable as follows for the week ending Oct. 26:
posed to work in harmony both with the Vera Cruz line and
with the Central. After a while, no doubt, an arrangement
Wed. rA«r».
rru
Tue$.
Sat.
Mon.
London.
•will be come to with both and the traffic wiU be amicably
:
divided.
The London wheat market opened on Monday with an upward tendency, but in consequence of the fall in Chicago
there was a decline on Wednesday. Yesterday's market,
however, wss again firm, prices being somewhat under the
level of Monday, but fomewhat higher than those of Wednesday. The average price, calculated from the returns of 187
towns in England and Wales and published weekly in the
London Gazette, is just now misleading. The average has
been steadily falling for weeks past, until it is now almost as
low as the lowest of last year. The real truth is that the
price for good English wheat is very much higher than it was
last year.
But the greater part of the grain now coming to
market is in such bad co:;dition as to be unfit for milling
without a large admixture of hard, dry foreign wheat.
For this grain of course only very low prices can
be obtained, and
the
low quotations for the bad
qualities
bring
down
the uninformed as
if
the
average
until
it
wheat were as cheap now as
Foreign wheat, however,
is
quoted very
much
appears to
last year.
higher and the
43 >4
43%
43 >4
d. 13 1,,
Silver, per oz
97T,8
97 >4
975,8
Consols, new 2% percts. 977, g
97-!,«
97^8
974
do for account
977,,
82-50
82-42ia
Fr'oh rentes (in Paris) fr. 82-72'2 82-30
H0!H llOTj 110^ 110%
a. 8. 4ia8 of 1891
129'8
130 "4 130 '4
l-.;9'8
0.8. 48 of 1907
Canadian
Chtc.
{"301110
St. Paul....
MiL &
Erie common stock......
Dllnois Central
58»8
67 »8
297e
l'.J0>4
5658
Philadelphia & Reading. 27%
110?4
Central
New York
Pennsylvania
58
67 Tg
30
57<!8
119!H
.56%
27 M
llila
.56%
67%
29%
27
no's
no's
57%
^7%
29X8
119%
,56%
43 U
i3^
97',8
9?»i«
97»,«
82-U-J%
82
62^
110%
110%
130 >4
1.30 "4
57'tf
67%
29 >a
119
sa^s
2(i's
26%
no's
Ill's
(S^ammtKCiSLl aufl IjtKtsccHattcotts
58
68%
29^
57
20>«
Ufa
M^ws
Imports and Exports for thr Wkek.—The imports of last
week, compared with those of the prece<ling week, snow
a decrease in both dry goods and general merchandise. The
pretotal Imports were 18,654,041, against |v».0W«31 the
ceding week and $7,811,178 two weeks previous. The exports
for the week ended Oct. 25 amounted to »5,903 (191. agaii^t
|6,7G9,454 last
week and
f.'i.SST,?!
1
two weeks previous.
The
following are the importe at New York for the week ending (for dry goods) Om. 18 and for the week ending (for
general merchandise) Oct. 19; also totals since the beginning
of the first week in January :
THE CHRONinLE.
490
FOREIGN IMPOETS AT
—
NEW TOEK.
A notion Sales. The following were sold
Son
auction by M"8sr8. Adrian H. Muller
1888.
1887.
1886.
1885.
For Week.
[Vol, XCiVIl.
&
Shares.
I
25Amer Exch. Nat. Bank. 142
152i2
100 Brooklyn B.iuk
tJ,716,915
Oen'l mer'dlse..
50 Brnoklyu Trust Co
310
li> Fidelity & Cinualtr Co.. 90
$8,634,041
$8,342,3ii;
Total
$8,991,613| $10,155,381
10 Nassau Bnnk of B'klvn..260
Stnee Jan, 1.
$83,401,355 $97,180,943 $102,761, 818 jil06,08».337 100 N. Y A- Harlem RE. Co .233%
Dry Gooda
20 Home Liie lusui'auce Co.
270,731.943
278,339,813|
255,529,330,
mer'dlse.
5:28,619.233
Qeul
225
of Brooklyn
131
Met. TrustCo. of N. Y .187%
0,280
$377,74
1,63
1
273
42
weets.
$352,71
Total
$312,020.638
0,
l$381,10
.50 Iiiip.L)\yeUin!cA~8.of N.Y*. 95
The following is a statement of the exports (exclusive of
15 First N«t. Bk of B'klyn 352
114014
specie) from the port of New York to foreign ports for the 200 Warren RR (guar
1 Right N.Y. Socifty Ub'y.l}%6
week ending Oct. 23, 1888, and from January 1 to date:
1 B'klyn Collegiate & PolyEXTORTS FROM NEW YORK.
techuicIiistltutG
35
27 Terre II. & lud. RR. Co.. 93
1888.
1887.
1886.
1885.
7 Nassau Bank
154%
2 Nat Bank if Commerce. 180
$5.P03.091
$6,804,607
$5,673,052
10 Second Ave. RR. Co
IO512
$5,714,072
For the week..
244,196,7,56
231,891,150
248,718,707
reported..
259,250,637
80
Mechanics' Nat. Bank. .171 "a
Prer.
55 Corn Exchange Bank .2H
lOLeunox Hill Bauk
Total 42 weeks. ^264,964,703 $255,523,314 $249,869,808 $237,797,241
...100
20 Amcr. Exch. Nat. Bank. .143%
The following table shows the exports and imports of specie
10 New Y'ork Concert Co.
at the port of New York for the week ending Oct. 20, and
(limiieil)
*iilper shire.
115 Merchants' Nat. Bank ..142
Brace January 1, 1888, and for the corresponding periods in
B'inds.
1887 and 1886.
$11,000 Atlantic Dock Co. 5s,
EXPORTS AND MPOETS OF SPECIE AT NEW TOEK.
lOo^
1«01
Dry Goods
$1,938,055,
7,053,588,
*1,625,426,
$2,482,225
7,673,150
$2,120,775
6,513,266
)
.
.
.
Jan.V
Since
Week,
SiiiceJan.\.
10.4 62
4,478
242,'i79
$32,125
$6,000 $19,488,5371
6,4-3,594 3,716,033
6S,950l
758,204
43,75ll 37,.S54,67l!
$5,58-M68
$6,911,528
21,9ii0
Germany
West
6,323,969
5,052,570
Indies..
i
16,502
6?3
Mexico.
Boutii
America
All other countries.
Total 1888..
Total 1887..
Total 1886..
436,932
2,000
4,000
741,638,
35 892,!»Hl
14,353,189
Imports,
Exports.
Silver.
Since Jan. 1.
Week.
Great Britain
France
Germany
22,f.68
18,975
3,OoO
$63 174
112 054
104 ,60-)
ISO, 333
6.'5,957
12.236
23 753
914 570
$169,200 $10,354,909
$52,701
160,550
Mexico
South America
27, ,883
58,522
other countries.
Total 1888..
Total 1887.
Total 1886..
Since Jan.'i.
$18,493
West Indies
AU
Week,
$9,087,053
400,259
$148,000
10,000
.
11,200,
,426
375
76,6i)9,
9,00.1.058
773
,585,,'^20
115,441!
8.178,854
48,09>?
5:9 651
—
Kew York Stock Exchange. New Securities Listed.—
The Goverting Committee cf the New York Stock Exchange
have added the following to
thi^ list
Oregon Improvement Company.—An additional f 1,225,000
preferred ttock. making total amount listed $2,000,000.
Kehtucky Cbntrae Railway Company.— An additional
f400,000 tiTet mortgage i per cent gold bonds, makine total
now 17,000,000, acd also on Nov. 3 an additional $400,000
of capital stock, making total hsted $7,000,000.
BiCHMOND & Alleghany Railroad Company (Reorgan.
— Drexel. Morgan & Co.'s certific ites for first mort. bonds.
"Western Union Telegraph Company. C .llateral trust 5
per cent currency bonds, due Jan. 1, 1933, $5,000,000, isbued
in exchange for ihe securities of leased lines.
SocTHEBN Pacific Railroad Company of Caufornia.—
An additional $838,000 first mortgaze 6 per cent bonds of
ized).
Eeries F.
—
making
Louisville
&
total listed $39,285,000.
Nashville Railroad Company.
— An addi-
firht mort. 5 per cent gold bonde,makirg total $1,539,000.
Tenkkssee Coal, Iron & Railroad Company.— Preferred
per
8
cent cumul-tive stock, $1,000,000, issued for the same
amount of retired common stock. The capital stock now
stands at $9,000,000 common and $1,000,000 preferred.
139,000
Chicago Rock Island
making
B *nd8.
&
Y. N. H.
Hartf.
no's
190)
$50,000 Pacific RR. Co. of
Mi3so.iri, 8s, r.newal, (St.
LouiiCity RckI Est.) 1-92.113
$10,01)0 Warren RR. 2d. mort.
123%
78.1900
$40,1100 Evansv. T.H. & Chic.
6s, 1910
101-102>a
$10.00 Cul. & Ind. Cent. 1st
mort. sink, fund 7s, i904.. 121
$H7,000 Mor. cfc E-sex RR.
Real Est. Ist M. 4i-2S lui i. 105^4
$50.0;iO Ohio. & W. Va. R'y
IstM. s. f. 78. 1910 114i2-114»8
$3,ii00 Motioporn Gas-Light
Co. of N. Y., 6s, 1901
117»fl
$4,000 Vir.:iniii, (is, 1837, all
58%
coupons at tached
$2,00 Virginia 0.s, 1876, all
59^2
ci'upins attac ed
$6,000 Te u. ssce 68, 1892
TS'hi
lex. 4 coiipnn
$2,000 Memphis. Tenn., 189^
(ex. coups. Since July, 1869). 188
$1.(00 Memphis, Tenn., 18-8
(ex.coup-.smieJuly, 18 Oj.WO
$20,Oi>OBe8.-emer Cons J.Iron
Co. of Wis., IstM. 78, 1898. 40
I
1
)
and
collateral 5 per cent bonds,
total listed $25,960,000.
Mitsonri Kansas & Texas.— Di?patcheB from the West
report the receivers of this road as saying that the lines will
be separated entirely from the Missouri Pacific on Nov. 1.
The policy will not be hostile to the Missouri Pacific, and
they will continue the joint repair shops and joint junction
&
is called to the notice of Messrs. Blake Bros.
C 1., Boston,
city and Messrs. Lee, Higginsoa
offering the $1,400,000 first mortgage 5 per cent gold bonds of
the Union Pacific Liacoln <& Colo .-ado Riilroad C mpany, due
in 1918. Tne principal and interest is guaranteed po.->ittvely
<
&
f this
P.icifi.; Railroad Compiny, and the toal authorare informed that
limited to $10,000,000.
Ibis loan is meeting with favor and that subscriptions have
already come in at the principal offices. The offer U being
made simultaneously also in London, Atnstflrdam and Hamburg, and investors will doubtUss aviil themselves of the
opportunity to sajscribe to this p oaoinent loan.
The old and prominent cotton and commission firm of
Williams, Black
Co. waa unfortunately di»-o ved by the
death on Oct. 8 of Mr. Francis W. Williams. The business is
continued, howi-ver, by Messrs. RioharJ P. Williams, Francis
S. Williams and Paul Sohwarz, who have formed a copartnerCo.
ship under the same firm name of Williams, Black
With amplrt capital, and with the conservative policy of doing
for
cusa business strictly limited to the execution of orders
tomers, this old house appeals to its many friends for a renewal of their confllenceso liberally extended in the pist.
by the Union
ized issue
We
is
—
&
&
—
Richmond & Alleghany Railroad Company committee
give notice to the holders of outstanding certificates of the
Mercantile Trust Co. that the same may still be deposited
with Drexel, Morgan & Co. on payment of a penalty of 2 per
cent in cash on the par value of bondj and of 14 P^'' •'^'^t "*
cash on the par value of stock,
The French steamship line parts with Mr. Louis de
B.-bian, as its agent, after an active service of many years,
and has now an experienced successor in the person of Mr, A.
Forget, who has been a long time the business manage; in
Lonuoa and Liverpool. Le Roi ed mort! VioeleRd!
The notice of a meeting of Canalian Pacfic stockholders, to b' held in Montreal on November 19, will be found
amo.ig the Chronicle advertisements.
The Ontario Silver Mining Co. has declared its usual divi dend for September ($75,000), payable by Messrs. Lounsbery
—
—
—
<&Co.
SatiMug and Ifinauclal.
SECURITIES FOR S.l^LE OR WANTED.
& Pacific Railway Company. — An
additional $1,000,000 extension
N
4s,
—Attention
Co.
$1,968
2,695,304
1,036.867
1,32 1,938
38,561
240.651
Great Britain.
France
RR.
at
Imports,
Exports,
Bold.
Week.
$60,000
recen'ly
:
AUGUSTDS FI.OVD,
For Sale-
1.
42 Pine
St.
Wanteil-
JSB.UOO Maryland State 3s,'90.100Jii Int, $20,000 yaebec Gov't. Kold 59, lOOa
'Zo shares Bank of Amer., stocn...
100 B'klyn & Moutaiik com. st'k.. 70
110 $25,00(1 Union I'licitic sink. fd. 88..
Montauk. pref
v.'i B'klyn &
Pllil.Wll. 4 B.all., long 4s or os
Jii5,0lK) Canton, O., (las, Bs, 1017.. .102
l^itts, Ft.W.4 Chic, 3d mort
80 Merchants' Kxcli. Nat. Bank.. 120
»10,000 Diillas. Tex., 10s, of 181U ..120
Can also buy on orders:
20 Int. ocean 'X'eleg. atk.(Kuar. (i>. 92^
United RK's of N. J., lis, 11M)1.122 * bit. Wilmington. N. O., 5s, 1912... par 4 Int.
Belleville & So. 111., Sa, 1890.. 11« & int. Jersev City 7s. 1905
124^^4 mt.
Rll. Equipment Co., N. Y., stock
St. P. M. 4 Man. KB., col. G8.'98.>.» 4 Int
102* int.
I)et. Lans. J! Nor. 7s, 19;<7...118H 4 Int. Nashville, 4^3 Water., 1918..
Ill 4 Int. St. Paul C. 4>i p. c. Bd8., 1918.1054 Int
7s, ^^96
Chic. Burl.
Utah & North., 69. itnar., 192«. .97 4 int. Mobile, Ala., 4®5 p. C, 1906. ...794 Inf
Kan». C. CI. 4 Spr., Ss, gu.,'26.100J^ int.
arrangements.
&Q,
Southern Pacific of California.-The new mortgage executed by this company to secure $38,000,000 5 pt>r cent fiftyyear bonds is made by the company as now corsolidated. Its
BI.I FFS, IOWA,
roads include in round numbers the 1,000 miles hereto'ore
CITY
known by that name and about 1,300 miles mure of branch
RONDS.
SIX
and side lines formerly under several different names, of
which 600 ate already completed and t*ie remainder in progIssued for street Improvements. Dated August and September, 1888,
rets.
The piineipal portion is known as the loop line followdue In 2, 4, 6 and 8 years. Denominatiou $oOO aud ilil.ow.
ing the coast from San Miguil to near Los Angeles. It also and
Interest iiay ble semi au.itially at the National Park Bauk, New ^orK.
takes in the Los Angeles & Diego, Los Angeles & Independ- Total ludleUteduess of the city, exclusive of this Issue, $11. ,4uo.
ence, Montere.v RB. and San Pablo & Tulare, all south of San
$4,613,540 00
ASSKSSED V.VbUATION, Francisco.
The small 1< ans heretofore issued on some of
- $18,000,000 00
ACTUAl, VAl,IJAXION, over
these portions will be retired and the new bonds substituted.
35,000 00
POFCI-ATION,
It is therefore a first mortgage and not a collaternl trust
mortgage) Inierest is payable in New York April and
October. Bonds are dated Aug. 25, 18S8. The bonds have
not yet been soil and probably will not be offered until the
roads are built, and their ability to earn interest demonstrated.
They cannot be issued except as the roads are built.
3 WAI.!. STREET, N. If.
OF COrWCIL
PER CENT IMPROVEMENT
...
ORISWOER & OIEEETT,
BANKERS,
OOTOBBB
THE ClIRONIOLP.
27, I8e8.J
The ratM
glxc ganlii^rs' (gazette.
Dl VIDKNDSi
The tollowln«t
Samt
(llvldand*
have recently been announced
Wlfn
of Company.
(Dayi
East 'JVnii. Vii. & (ja. 1st prof
NhkIiiiu ,t L(iw. 11
N.Y. rrov. i Uo8.(8tou't<t'u) (luar.
Nortlierii
4
m
l>a
j
5
Not.
Dec.
I
in
inelu$iv€.)
Deo.
N..V.
lOIOct.
3
.Vov.
Nov.
2d
3
2
to
1
10 Nov.
1
Oct. 21
1
to Nov. 10
to
Ilankd.
Am«rlc«n
Bank
Kxcliuiii;o National
3ifl
.
3
National City
,
4
4
5
Nov.
Nov.
Nov.
Nov.
27
to Nov.
6
31 to Nov. li
1 rOct.
20 to Nov. I
21 to Nov. 2
1 Oct.
1 Oct. 2 1 to Oct. 31
Oct.
10|Oor.
.
I
New York
of the Htalc of
(ieriiiiiula
Na.<<saii
MXyOoy*.
Dtwtmwt.
ini*ceIIau9ouii.
Pcnuaylvuma
t'lial
Nov.
llOot. 24 to Nov.
VtAI.I. KTKEET. PKIDAY, Octohor .{«. IH8Ct-3 P. M.
The IHoiieT Market and Financial Situation.— The attention of all persons having to do with Stock E.xchan^re business
has been diverted very much to the heavy railroad negotiations
of the past two weeks.
The lease of East Tennessee has heen
quickly followed by the acquisition of the Georgia Companifit
atock, which places the control of the whole system of the
Central Georgia Railroad
Banking Company with the Rich-
&
mond & West Point
now control an immense
Terminal. The latter company will
territory in the South Atlantic States
and will therefore be the better able to maintain rates and thus
secure a paying business.
As the Inter-State Commerce
law prohibits pooling among competitive railroads it is manifest that the tendency of the law will be to encourage gigantic
combinations among railroad systems in order to protect themselves against dnmaging competition and low rates.
If this is
the result of the law it will do much toward fostering monopolies instead of preventing them.
The Stock Exchange business has naturally hinged very
much on the movements in these specialties, and the general
transactions have not been large.
The Southwestern stocks
are not as weak as they were, and with a good crop of cotton
assured in Texas and Arkansas, it is quite pissible that the
crisis of low earnings in that section has been p.issed, and that
4 SSI*
5 2a>«*ft 23i« a 193i"<»ft"l9%
Carls (franeii)
Ainat.4tnlani (founders)...
Criuikriirl or Brnmen (relchmarlu)
26 to
I'NoT. IM to Doc.
1 Nov. 18 to Doi'.
Il>ec.
1»9
2>«
Oitt.
follom:
Prime ttankeni' ntnrllnii blUa on London.. 4 84>g»4 8.1
Prime raiiuiuerclal
4 88 a4 8l>«
D'Hiunn'iitary oomniereial
4 82lfl«4 03
Knllroada.
BoHton A Maiiin
CbicHKU & KuHt. 111. prof. (quar.)..
CUic. & li (I. Coal \«ft. (quar.) ....
we u
of leading bankers
Ottober 28.
;
Jtoolu VIoma,
Payablt.
Otnt.
491
40l„»
4()i*
«.5i«
»
98
40k*4(l*i.
—
United Ktateg llonds. Qovemmpnt bonds have had only •
very moderate business at the Stock Exchange, but prices have
ruled strong and are somewhat higher than a week ago for all
classes.
The Secretary of the Treasury has accepted all the
4is ofiercd at 108^, but has refused all the4ii, notwithstanding
that many have been offered as low as 128.
The total purchases this week were $2,547,800.
The total payments made for bonds purchased from April 28
to October 20 were 1104,905,044.
The sUtement for thia.
waek is as follows
*H Per
CmU
Out 18S1.
4 Ptr
OtvUnti. Purek*e^. PrKMpald.
Satorday
tSin,aOO
074.100
777,000
181,«S0
SOV,400
8IS.00O
...
Monday
Tuaaday....
Wadn'sday.
Tboraday...
Friday
Total.
.
..|
S,679,OS0
lOBii
V»4
713.4' 10
'ITr.OOOi
I08X
«4'<.400
llO.OcIO
I
GSM
TS'ASBO
614,400
648,800
8,647,800
133.887,550
The
106)4
lOSK-IOSK
lOSK^T
Oct.
Period^, 20.
4iM,1891
4>aa, 1891
reg
oonp.
48,1907
4s, 1907
coup.
g g,
8,Mt.l80
106)4-106)4
t
l5I,3l>a.000
lSf70-UI».
closing prices at the N. Y. Board have been as folio wi
Inlereti
6",
68,
69,
68,
<>rteupa<d.
teos,MO
$873,300
S74,100
302,400
313,000
CmU diw ISO?.
OJerin^. Pureh'tt.
,
,
* Tlila 18 tlie
0;<.
Get.
Oct.
Oel.
22.
23.
24
25.
26.
10838*10938 108%) nOSSa '108%
*108'4
108 "4 -10814
'10838 *108»8 * 108 "8 •108'%
127!i8"l3708 127»8 127=9 •127»»
•127'4*127'4 *l27SB''i27i«'127»8 'ViTt
*i2iit*i2m:'i2mi-i2iis •i2i>a*i2:>s
1*124
-124
J, •123% -123^ -128.11 -lil
'127
J. •126%»12 .%;-126%l*l26 '*127
•129>»]*129
J. •128^ *l-^8\ •128.H *129
'lJ7ia
reg.
onr'oy '95
cur'cy, '96
our'oy, '97
cur'cy, '98
cur'cy '99
Oct.
ng.
reK.lJ. St
reg. J. A
reg.lJ.
reg.lJ.
A
A
J •131^*131^*131^-1.(2
,'H2
;*132««
price bid ai the Luurulnic Doaid : no latc <viu made.
—
State and Railroad Bonds. State bonds continue very
transactions being limited to a few scattered sales,
and there has been no feature.
For railroad bonds there has been a moderate demand, and
The general tone
the business has been of fair proportions.
of the market is firm, but at times some irregularity has been
shown, in sympathy with the stock market, and a few classes
have been unsettled. The business has been well distributed,
and there have been no features of special importance. The
changes for the week in most cases have been slight.
Railroad and Miscellaneons Stocks. T e stock market as a whole has been only moderately active during the
past week, but there has been some animation in a few specialties.
The tone of prices has been irregular and the market
much unsettled at times, though the fluctuations have been
silver.
The New York Clearing House banks in their statement of mainly in a few * stocks, under special influences, and
The bearsOctober 20 showed an increase in surplus reserve of |6, 586, 475, there has been no general movement of prices.
the total surplus being |18, 901,025, against fl0,314,550 the have made efforts to depress prices, assisted as they were by
the unsettled condition and weakness of a few stocks.
But a.
previous week.
The following table shows the changes from the previous strong undertone has prevailed and the market was sustained
week and a comparison with the two preceding years in the much of the time by the strength of the Sjuthern stocks and
a few others, which have been the chief features of the week.
averajres of the New York Clearing House banks:
The unsettling influence came mostly from Missouri Pacific^
which declined quite sharply on free selling, based on the
1888.
DWr'neft fr'm
1886.
1887.
the future may show better results.
The Missouri Pacific
decrease in net earnings for the first six months of the year,
given in this column last week as |733,094, should have "been
1783,094.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from \\ to 2J per cent,
and to-day the rates were li@2 per cent. Prime commercial
paper is quoted at 4J@5i per cent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £149,000, and the percentage of reserve
to liabilities was 38-38, against 36-02 last week; the discount
rate remains unchanged at 5 per cent.
The Bank of France
lost 7,000,000 francs in gold and gained 3,375,000 francs in
Oct. 20.
Frev. Week.
Oct. 22.
Ocl 23.
700
Capital
Burplus
dull, the
—
recent reports of earnings, which naturally had this effect
now because no monthly reports of earnings had been pubIt touched 73} early in the week, but
lished during the year.
000 In c .1,767 800
.600'Dec.3,189, 000 351 ,032.800 341 55.1,000
has recovered somcA'hat from this extreme. The grangers
have also been subjected to considerable pressure, Burlington
s ,213.8110
300 Deo.
24 000
& Quincy and Northwest being specially weak. The Norfolk
SuOlluc .7,414, .JOO 35C, ,9«9.i»00 34H, 633.700
depressed, on the theory that
SOODec. 791, 200
,788,OJO 16, 848,600 & Western stocks have also been
the new combination between Richmond Terminal and Georgia
Le^al reserve
075 Inc. 1,853, 625
,247,4 75 87, Ii8.4',i6
Beeerve lield
100 Inc, 8,440, 100
610,700 92, 628.000 Central would be disadvantageous to the road, or else on bear
but a strong point about the
eff>>rt8 to get the stock down
timing reserve... 16.901,0251 Inc. 6,586,475
9,363,225
5,469,575
Norfolk & Western road is its large percentage of local business.
Exchange.— Sterling exchange has been very dull, there The Boston market has been quite demoralized, owing to the
having been little or no demand. Actual rates have been continued depression in Atchison and to the tact that Eistem
slightly weak in tone, but there is no important change in the Railroad stock broke heavily on the lowering of the Boston
market since last week, posted rates remaining about the same, Maine dividend and the consecpient pa8sin<> of the Eastern.
viz.
4 84^(34 85 and 4"88i.
There was a slight increase in The Fitchburg Company also passes its dividend for the first
the offerings of commercial bills at one time, but as a rule time in many years.
they have been in only limited supply.
The great features of the msrket have been the Richmond
To-day the rates on actual business were as follows, viz. Bank- Terminal stocks and the East Tennessees, which are affected
ers' 60 days' sterling, 4 84@4
by the lease of the latter road and by the purchase of the con84i; demand, 4 87i@4 87i
Cables, 4 »8J " 4 88i. Commercial bills were 4 82
Continental trol of Georgia Central.
Eist Tennessee first preferred stock
J.
bills were: Francs, 5 23|@5 22iand5
21i@5 20|; reichamarKs, improved on the declaration of the guaranteed dividend of
Union
94^@y4|and 95i@95f guilders, 40<a40iand 40^.
per cent, under the lease to Richmond & Danville.
The following were the rates of domestic exchange on Pacific has still been a feature and well sustained, on the good
New York at the under-mentioned cities to-day: Savannah, showing for the main road and its auxiliaries and on general
buying \ discount selling ^ discount@pir Charleston, buy- confidence in the manazement. Tne Vanderbilt stocks artt
ing 3-16® J discount; selling par; New Orleans, commercial, very firmly held, and Lake Shore sold to-day at 104. The
$1 25®iH 50 discount; bank, par; St. Louis, 75c. discount; coalers have not been as strong, and the balance of the yea*
Chicago, 50c. discount.
will possibly show a less urgent demand for anthracite coal.
LoauB and
dlsc'ts.
,300'lnc.&,'231, i<0
Bpeole
Circulation
Net depowite
LCf^al tenders
76 ,822,700
75, 77940O
8. 24'J,'i00
;
&
:
:
;
;
THE CHRONICLE.
492
STOCKS-PRICES AT
STOCK EXCHANGE FOR WEEK ENDING OCT.
N.T,
26,
AND SINCE
HIGHEST AND LOWEST PRICES.
BTOCKS.
Active
Atlantic
UR.
Stocks.
Saturday.
Monday,
Tuesday.
Oct. 20.
Oct. 22.
Oct. 23.
8I3
*5G«t
5478
8018
& Paeitio
Canadian Pad He
Canada Southern
Central ot iSew Jersey
Central Paoltlc
36
•20
Chesapeake & O., reorg. cert.
Do 1st jircf. reorg. cert
Do 2d luet. reorg. cert
8%
8%
S'S
54%
5438
'56% 5714
5719
8918
8858
5514
8938
36
21
35 14
35 >4
19% 20 14
17% 17%
*17
19I2 IHI2 'If
IIOI3IIII4 109=8
43% 43% 43 14
98I4
•98I4 98I3
65%
eS'^e 6638
10G38 106% 106%
11214 112''e 11138
143121441a
10714 107% 106%
*15%
*15ia 16
*38
*38
39
38%
391a 39 la
10613 107
106%
9278 94%
94
6II2
-61
61
& Qulncy.
& East. Illinois
nref
t)o
Chicago Milwaukee & St. Paul.
pref.
lio
Chicago & Northwestern
pref.
Do
Chicago Bock Island & Paoltlc.
Cailcago St. Louis & Pittsburg.
preiDo
Chlcago St. Paul Mln. & Om
pret.
Do
Clncin. lud. St. Louis & Chic.
Chicago Burlington
•Ohloaso
19
111
89
35%
351-!
20
Thursday,
Friday,
Week,
Oct. 24.
Oct. 25.
Oct. 26.
Shares.
858
8% 8%
8%
56% 56% '55% 56%
54% 54=8 54% 55
'83% 89% 88
89
878
3473
8914
'35% 36I4
20%
20
•17
17%
18
*18
1878
19
1107^
109=8
109=8
35%
36I4
20% 20%
18
17% 17
2038
1878
110%
42% 4JI4
97% 98
66
66%
106%
106%
106%
11278 11058 111°8 110% 11156
142% 14314*142 142%
107% 10738
106=8 108
108
16% '15% 16% 14% 14%
37
37%
39
39% '37
38I4 3914
3314 38%
3938
43%
98%
68%
Bales
of the
Wednesday,
564
43
43
98
98
65 3S 66 14
18
18
10938 110
43
43%
9714 97I4
6578 66%
10638 10639
11078 112
141% 142
XLVn.
[Vol.
1,
1888.
Range Since Jan.
Lowest.
1,
1888.
Highest.
7% Apr. 3 10% .Tan. 10
55% June 11 62i4Jan. 3
45% Apr. 2 57% Oct. 1
73% Apr. 2 91% Oct. 1
155 26% Mar. 26 37% July 30
8% 8%
56
56
54% 5538
83% 88%
1,362
20%
16% 16
1,730
120
4,510
1,150
•35% 36
2038
JAN.
10%
July 17
Aug. 1
40
Mar. 19
11
242
2278 Oct.
1
20%
Oct.
1
44 14 Oct.
5
'17% 18=8
115 10 July 26 21i4 0ct. 1
109% 11038 16.054 109i4Junel2 130% Jan. 27
43
98
6638
4338
98
67I4
2,100
1,300
78,627
89% Mar. 2 99
60% Sept. 15 78
98% June 12 117
Oct.
5
Feb. 24
Apr. 27
1,320
106% 108
111% I1214 80,345 102=8 Apr. 2 116 Sept. 4
142% 142%
711,138
Apr. 3; 146 Sept. 29
107 107% 107% 107%
4,285 100% July 5 114% Jan. 27
•15% 16
•15
50 11% July 23 17% Sept 29
16
'37% 39
230 29% Mar. 31 41 Bopt. 28
39
39
3814 38%
38% 3914 3,985 32% Apr. 21 42% Sept. 28
105 14 108
IO414 105
1,723 100 June 13 110% May 1
105 IO514
106 106
107
9414 94%
94=8
9433
94
94=8 94%
5,735 63% Apr. 2 95 Oct. 22
94
93
•60% 63
61
61
560 42% Apr. 2 63 Oct. 1
•60% 61
61% 61%
61
Cleveland Col. cm.ife [udlanap.
27I4
25
935 17 Mar. 21 36% Sept. 11
27 14 27 14 27
27% 27% 2778 2778 27% 27% 23
•Columl)\is Hocking Val. ATol.
I3914
139%
45,795
140%
139%
140
141
139%
123% Apr. 3 145% Oct. 1
I4II3
I4014
141%
141
140%
Delaware Lackawanna & West
'18% I914 '18% 19
19
15 July 2 23 Jan. 6
J>enver&KioG.,as8essm'tpd.
'30
50
51
200
51
30
5014
50
44 Mar. 24 5534 Oct. 1
14
52
pref.
Do
1038
10% 10% 1038 1114 10=8 1078 10% 10% 10% 10% 6,930 8% Mar. 22 11% Oct. 2
10
Saat Tennessee Va. & Ga. R'y83
82
82%
7,650
t77%
73
75%
55 Mar. 22 83 Oct. 23
82
79
80%
80
80%
79 >a
1st pref.
Do
25% 2638 28,765 17i4Apr. 2 27% Oct. 3
26 19 26%
26
26% 26 14 2678 26I4 26% 26I4 27
2d pref.
Do
'85
300
86%
86%
89
84 Mar. 22 90% Sept. 11
87
•8Sia
87
89
89
Evansvllle & Terre Haute
*20
'23% 30
•23% 30
'23% 30
21% July 21 463g Jan. 3
JFort Worth &, Denver City
'8
•9
80it
9=8
9=8
9
8
•8%
914
914
9%
7% Mar. 20 12 July 25
9%
Green Bay \Vinona& St. Paul.
539 114 Mar. 5 123% Aug. 8
115%ll."j% 115% 115% 116% 116% 11659 11678
116 116
116 117
Illinois Central
•16%
'17%
1714
200
17%
1714
•17%
18%
Mar. 28 19% Sept. 12
-17
18%
9%
18
17% 17%
Ind. Bloom. & West
*31
3114
100 2773 Jan. 16 37% May 1
32
32% 3II4 3114 31
•3114 321a '3114 32% '31
Kingston & Pembroke
1734
1714
I714
I714
I714
1738
785
18
Mar. 22 19% Sept. 29
'17%
17%
12%
ISls
17%
1819
14
liOko Erie & Western
52% 52% 5214 52% 52=8 53>4 3,600 40i4Apr. 2 5579 Oct. 1
5278 53%
3358
5313 53^8
53
pref
Do
102=8
103%
102%
103%
104
35,513
IO214IO3
103
Apr.
2 10479 Oct.
85%
1
liake Shore & Mich. Southern. 10258 103 •10214IO3
9.j%
*92ia 931a '92% 93% •92
92% 93% 92% 93%
93% *92
87% Apr. 2 95 June 25
Xiong Island
60
60
4,645
60%
Apr.
2 64% Jan. 9
60>4
60=8
60%
60%
50=8
6038 60 34
14
6O14 60%
14
Xootsvllle & Nashville
597e
43 46
46
200 30 Apr. 1-^ 45 Oct. 12
46
43% 43% 43
Louis. New Alb. & Chicago... *42
46
43% 43% '43
'95
95 96
225 77% June 12 9838 Sept. 11
97
97
9314 95%
93
95 M *95
Manhattan Elevated, consol.. -9514 96
1,539 72 Apr. 2 92% Oct.
1
89% 90
Michigan Central
8838 881a
88
88% 88% 8S%
40
40
40
*30
*31
*30
50
55
50
48% Juno 18 80 Jan. 10
55
55
MIL Lake Shore & West
88
87% 91 '88 91
*89
*89
•89
91
83 Mar. 27 104% Jan. 5
pref
91
91
Do
'6%
'6%
*6%
'6% 8
100
978 Apr. 30
*6ia
379 Mar. 28
714
Minneapolis & St. Louis
714
8
'14
'14% 16% •14% 16% *14
*Hl2 17
16
*14% 16
16%
9% July 6 ISHApr. 30
Do
pret
12
11
12
12
1339 Jan. 5
*lll3 12
11% 12
Missouri Kansas & Texas
11% 11% 3,215 10 June
11% 11% 1178
'4
73 14 75 14 73=8 7478 7373 73% 74 14 7539 87,878 67% June 13 89% Jan. 3
Missouri Pacific
7314 773?
76
77
*9
*9
Mobilecfe Ohio
11
10% *9% 10% *9% 10% *9% 10%
6% Mar. 29 13% Jan. 27
10% '9
'82
•81% 82%
200 71 Apr. 2 85%.Sept. 4
>82
83
82
83
Nashv.Cbattauooga&St. Louis *82
'Si
83
84
83
New York Central & Hudson. 108 103 IO8I4 IO8I4 108% 10338 1081410314 108=8 109 109 109% 2,832 102% Apr. 2 111 Sept. 28
19 14 19%
19=8 1?''8
1978 2038
4,175 12% Mar. 31 2038 Oct. 26
1978 20
20 14 *197g 2014
Sew York Chlo. & St. LouU.
20
310 61%Julv 6 7678 Oct. 15
76% 76% 76%
Do
'75% 76% '75
76% '75
1st pref
76% 76
76
76
4434 4479
43% 44% 44 45
Do
2d nref.. *43
44% 4478 l,52.i 28 Mar. 31 45 Oct. 24
4i
44
44
«ew York Lake Erie & west'n 29 >4 2914 28% 2914 28=8 29% 28% 29% 28% 28% 28=8 29% 28.9.,0 2238 Mar. 9 30% Oct. 1
63;%
1,330 52% June 13 67 % Oct.
Do
1
65
65
pref.
65% 65% 66% 66% 64% 63% 63
New York & No w England
5038 5118
48% 49% 65,280 29% Mar. 22 53% Oct. 5
49% 50% 49% 5058 49'e 50% 48% 50
•I6I4 17
New York Ontario & West
1638 1638
450 14 June 13 19 Sept. 12
I614 lOM '16
17
neia 16% i:
17
•9% IOI4
694
New York Susq. & Western
IOI4
10
7% Mar. 23 11% Sept. la
10
10
10
9% 978 10
Do
35 14 35 14 35% 36% 36
36
35% 35% 85 14 3514 35 14 35% 3,210 26 Av>r. 2 37% Sept. 29
pref
16 14 13
I8I4 18=8
WorfolkcSt Western
16% 17% 1678 1678 4,930 15% Mar. 24 23'4Sept. 13
1878 19 14
18 ~e 1878
Do
32,735 41% Mar. 31 58=9 Sept. 19
pref
53 14 53=8 51% 5338 50% 52=8 51
52
5338
53
51% 52
Northern Paoiac
26=8 2678
26% 26% 2678 26 7e 2678 2678 2,237 1979 Apr. 3 29% Si'pt. 11
2638 26^8
26=8 2714
Do
6II4 62^8
pref
6II4 6238
61% 6I34 6II4 6178 6114 6178 61% 61% 45,995 42% Mar. 31 04 Sept. 11
Ohio & Mississippi
*2334 24
23:>8
23 14 23 14 23
2338
23 14 24
23
23
23% 2,000 17%.Mar. 27 2ti% Sept. 11
Oregon & Trans-Continental.
3038 31
3038 31%
30% 3078 30% 30% 30% 30% 30 14 30% 17,930 17i4Apr. 2 32 Oct. 1
Peoria Decatur & EvaQsville.
26 '4 26=8 26
27
27
26% 26 14 26% 26% 26% 2,510 15% Apr. 2 28% Oct. 1
26=8 27
Phila. &Kea(l. Vol. Trust. (-'ert.
52 14 53% 5178 53
51=8 52 14
52% 53% 52
53 14
51% 52 14 135.230 48% Aug. 18 5479 Sept. 8
Blohmond& WcstP'tTerminal 27% 27 'a 2738 29
28% 29% 28% 29% 28% 2958 23% 29 14 234,703 19 Apr. 2 29% Oct. 24
Do
86-4
8314 51,848 53 Jan. 6 86 '4 Oct. 24
pret.
8114
8314
8538
85%
81
80
83%
82%
80« 8414
Rome Watertown&Ogdeusb'g
16 82% Feb. 13 94% July 25
90
91
91
91
90% 90%
89% 89%
29"
'fit. Louis & San Francisco.
•29
•29
600 24 Mar. 27 36% Jan. 5
la
31
29
30
29
29
30
30% 29% 29%
Do
5
5.293 63 Apr. 2 7438 Oct.
pref. x69
6634 67 14
69
65% 68% 66% 67% 66% 6738 66% 67
Do
205 105% Apr. 3 11678 July 19
Ist pref
112 114
110 112
109% 109% 110 112
110 112
112 112
•fltPaul& Duluth
4379 4478
46% 46% 47% 1,230 43 Mar. 29 64% Aug. 4
44% 44% 44% 41% 4114 43% 46
Do
*96
pref
*95
•95
'95
165 89 Mar. 29 105 Jan. 28
98
98
98
100
98
98
95% 98
fit Paul Minneap. &Manltoba •101% 102% 102
102 14 103
2,940 94 Apr. 2 114% Jan. 23
102% 101% 102
102% 10314 103% 104
Texas&Pacidc
24% 24% 2438 25
24% 24% 24% 2479 24% 24% 2414 2438 7,^33 187a June 6 2634 Sept. 8
Texas & Pacirtc Land Trust.. *22
'22
•22
50 22 July 7 25% Aug. 3
I
24
24
24
22
22
22
UnionPacitlo
63 14 6UI4 6 478 65% 65
6638
6578 193,890 48 Apr. 2 66% Oct. 19
0478 66
ei-'s 65%
65
Wabash St. L.&Pacilio
•14% 15
135 12 Mar. 27 16 Jan. 3
1434 14%
15
15
14% 14% •14% 15% '14% 15
Do
4,960 21
Mar. 24 30 May 1
pref
23% 28
28
28% 2779 28
28% 27% 28 14 28
28% 28
Wheeling & Lake Erie, pret..
5
60 3g 59% 6038 59% 6OI4
5,375 4439 Jan. 3 62 Oct.
61
6138
61=8
61
61% 61% x60
.
.
^is
.
,
,
,
'
,
niiscellaueous Stocks.
Colorailo Coal
&
Iron
3414
ConsoUdat od G as Co
Delaware & Hudson Canal
81
35
81
Oregon luiproveuieutCo
7314
Do
pre
pret.,* 105
_
•Oregon Railway & Nav. Co. ..
9414
PacitlcMall
37
Philadelphia Co., Nat. Gas'""!
Pullman Palace Car Co....
170%
""'"'
Western
Uuiou Telegraph
847fl
I
I
'
'
Express Stocks.
Adams
7314
93
37
75
106
9538
I
84=8
3414
3414
82
167%! 167
I
170
8514
34% 34% •34
35
80% *80% 81%
11814119%
73% •73% 74%
105% 104% 106
*80
80%
81
80% 81
118% 118% 118% 118%
74% 74% 73% 73% 73%
103 '4 103% 104
104 106
91% 94% '94
93
93
36% 36% •36% 37% •36%
'7979
85%
147
110% 113
*78
81
138 145
Inactive Stocks.
& Santa Fe.
63% 64=8
& Augusta
49
49%
dnolnnatl Wash. & Baltimore.
•2
3
1*0
'4I4
pre'
5
Memphis A Charleston
New
Uavcu & Hartford. 232 233
iJ- Y.
167
8478
167
84% 85%
83%
95
37%
167% 168
81% 8479
95
37
95
37%
*79
82%
167 167%
81% 83%
146
150
•110% 112
7778
140
7778
145
I49I4I4914 143
148% 148 148
113%
110% 110% 110%
" _ "" '110% 113% 111
148
'16
.
1
17
42% 42%
Quicksilver Alluiug Co
•9
^"^
pref'37%
D.
I,
KJch.
& Allpghanv, ass. pd .. 15
•St. Louis Alt. tVi Terre
44
Haute
St. Louis Ark. & Texas
11
South Carolina
•8%
Tol. Ann Aibor & N.
..
OolumbusA Hocking Coal ... 23
Tennessee Coal & Iron
31%
yartoas Ntocks, *c, (Unl tsted.)
Amer. Cotlon Oil Trust
48 14
M
320
30=8 Apr.
Mar.
68% N
Jan.
45 Mar.
50
1,886
101% July
84% Apr.
1,200
835
SB's Feb. 17
83%
623 23% Apr.
75 July
4.253' 135 14 Apr.
86%
7038 Apr.
42,416
Sept.
4
Aug. 28
Oct.
6
107% Aug. a
97 May 2
40% Oct. 1
106% Feb. 15
175 Sept. 20
120
77
2,768 103
Oct.
5
7»
138
79
133
I
78%
,*140
7914
145
78
139
79
145
79
•136
10
176 137 Apr. 12 155 Oct. 4
36 106% Mar. 22 112 Sept. 22
307 67 Jan. 4 82% Oct. 11
5 128 Jan. 19 143 June 23
148
111%
79
145
I
61 7g
3,408
1,700
63=8
.
OhioSoutheru
Oregon Short Line...!
'
95
170% 167
Atchison Top.
Pipe Ltne Certillcales
»73
106% lot
147
United States
Wells, Fargo & Co
C(.l.
3434
8II4
I
American
Charlotte
34%
80%
H914II914 118% 119
2%
-414
50
233
'16
41
*9
38% *37
15% '14
100
5
50
233
17
2,8.'^6'
'IO14
23
25
22
9%
32I4
•8%
10
42%
>
2,170
10
39
1,750
16
9%
22
32
Julv
Jan.
10 Mar.
13% Mar.
9 Mar.
33 Mar.
6,385
21,084
3314
57
20
25
23
18
__
Sept 29
Oct, 17
13% Jan. 12
41 July 17
27 58%
4 233
22 17%
26 44%
19
31
Feb.
Oct.
4% Jan. 9
6% Feb, 24
Oct.
Oct.
1
1
167eJan. 16
11 Oct. 20
16% Oct.
48% Oct.
27
30
Oct.
11
24%
Jan.
3334 Oct,
9
24
25
Mar. 21
50
Oct 15
8%
6%
SOD 24%
330 17
23%
5
99%
Aug. 16
Mir. 27
Oct. 25
Aug. 13
Oct. 24
Mar. 32
Apr. 2
600 35
717 10
11
23%
4% June
47
171,! 15
47
11
61 79 Oct, 21
23 Sept 28
179 Aug. 31
3259J
487e
83% 80%
47% 48%
85 '4
87%'
4779
8679
36,194
49
8339
Xhese are the price* bid and ashed; no sale waa made at the Board.
ijSosooo'
t
Lower
price is ex-dlvidend.
;
71% June 37 100
Mar.
Prices from both Exohaugea.
October
THE (^HRONICLR
27, 18?8.]
BDNUS-L\TBST PUICE8 OP ACTIVE HONDS AT
<7to«in0.
Saitroad fond*.
Oct.
AU. APau.— W.D.
luo.,6»,
10
Oel. 2(1
1910 22
32
81>9
Si's
Ouur.,4B, 1937
OBD.Mouth.— l8tKUttr.,6B, 1008 100
92
Sd,5n>1913
OentrHlot N. J.— let, 78, 1890.. 105i<
120 b.
Coubo1.7b, 1809
123 b
Convert. 7b, 1002
105>«
Geiifinlinnrt., 68,1987
10S\
N. 1.
493
STOCK EXCH.iNQB, AND BANUE 8IN0E 4AN.
188»
1,
Jfam0««tiie« Jan. 1.
19
BaUroad Bondt.
BighnU
Lotoat.
Apr.
27i9Jan.
80 Jan.
84
May
104% Aug. 108% June
Lk.Bh. A W.-lRt,6a, 1021. 110 b. 120
Mliw. A Nor.-M. L., r,M. 1010.. lOS b. 108 lab.
107 14b. 107 '4I
ExtcuBlon. 1»I,68, 1913
Klnn. AHt. L.— lat, 7r, 1027.... 95
US b.
HII.
121% Anr.
M
Ill
1
rr.
:o->,Kjb.
80 14 Mar. 90''8 Alllf.
Ill
jiine II'
J«o.
b 104 Aug. 1081s Jan.
Mo. K.ATez.—<;on., Os, 1B20... 62 14
smb. 57 « Juno ~'
lao.
111>1 Jan. 121
Oct.
Consul., 5b, 1020
5H%b. 58>«
50>a .Mar.
\a(.
*H
115 Jan. 1231a Apr.
9-2
Oonsnl., 78. 1904-5-6
01>a
_
00 Mar. 1 e>a lao.
105%
98 Jan. 100^ June Mobile A Ohio— New, fls, 1027 .. 113 b. 114 b. 108>3 Ji>ii. 1 1
Jan.
1121a Apr. 110 Aug.
1*11. A W.B.,fon.7B,1909,a8'iH llSHib. 116
General mort. 48, 1038
49 %b. 40 b.; 38 June CO Ang
108
lOliiJan. 109 Juno
Aiii. Dock * lD>l>.,!>B, 1921. .. 108
Mutual Uu. Tele.—8, f., 0«, 1011 971s
9714
8l>sJan.
00 Juir
ll&i«b. 1131s Jan. U6I3 Juuo
Oenttal I'wiiU'— xoia Ob, 1808.. 115
N»«h. Ch. A Bt. L.— Ist. 78, 1918 12!> b. 12913b. 128% Jan. \ai Jun«
112''gl). 112',)b. 113>aApr. 110>4 July
Ban Juaciulii Br. Os.l'JOO
H.T. Central— Extend., Sb, 1893 100 >ab. lOOiab. 1(13
.Mi.v. 107
»vt.
KCsli. lOO^b. 100 Apr. 103% Jan.
l«iiit ttriiiitOB. 18ao
N.y.C. AH.-lBt, on., 7s, 1903 135 b. 135i»b.il82%.I
102 b. 102 b. 101 >s Apr. IO6I4 Sept.
Mori. 08, litae
Debenture, 58, 1904
llOkb. I10"9 10 < Is A
'98
1 14
b.
IO514 Feb. 114i4Feli.
Chef. A O.— Pur. ni. tuiid 68,
N.Y.AIlar.— l8t, 78, 1900
133% 133%b.Il27's
68, Kol<l. Ber.B,l!10b,re<)rg.oor. 78\ib. 77 lab, 6214 Mar.
80% Sept. tI.Y.Chlo.A8t.L.— lst,48, 1937.. 01
91 "4
8014 Jan.
11:,
Mcpr.
78 '8
62 Apr.
tit.c ouii., 4b, lit8«, rroi-K-ccr. 78i4
N.Y. Elevated— iBt, 7s, 1906.... 1 lOTgb. no's
801a Sept.
114 Mar. :ilNis Jane
32%
16°g Apr.
3413 0(it.
68, currtjiuy, 1918, reorg. oer. 81%
N. Y. Lack. A W.— Ist, 6e, 1921. 131 b. 130 b.U27 Jan. !l33 Juno
Ill b. 114>a
00 19 Jan. 114 '.J Oct.
Mort. 6e, 1911
Ill b. lllisb.il07'8J»n 112 July
Ounstruetlon, 5b, 1923
103<4 Mar. ,1101a July
Ches. O. *8o. W.-5-6B, 1911 ... 105 b. IO514
N. Y. A Nor.— Ist, 5b, 1927
107 b.
102% Jan. |108>t8eut
97 Oct. 103 Jan.
Chle.Bur. A Nor.— iBt, 58, 1928. 97 8.
N. Y. Ont. A W.— Ist. 68. 1914.. 110 b. lloia
100 Jan. 1118 Sept.
132
Cblo. Burl. A Q.— Con. 78, 1903. 132
1291a Jan. 134 June
N.Y.Hufl.AW.— letref.,58, 1937. 04!'8b. 04<>ab. 00 Mar. 95 14 Ang.
104 b. 105
Delik'ntuni ."iB, 1913 ...
103 Sept. 10713 Feb.
Midland of N. J.— Ist, 68. 1910 1126Bb. 112%b. 100 Apr. ,11518 8ept>
90%b. 91 b. 901a Sept. 95 Jan.
Denver DlvlB., 4b, 1022
Norfolk ik West. Gen., 6r, 1931 120
121 a. 1121s Jan. 120isADir.
92:^
9S
NebniskaKxt. 48, 1S>27
91 Sept. 97 Jan.
North. Paclllo-lBt.ooun., 6s, '21 116%
11014,
llSisJan. IllO>«jDiia
118 b. 113 Jan. 119 Sept.
Cailc. A KiiBl. Ul.-Coii. Oa, 1934 HO"*
110 a. 100 %a. 102 Jan. 11133gSept.
Gen'l. 2d, coup., 1933
Gen. eousol. iBt, Ss, 1U37 .... t.0% 101 11. 91>aMay 101 Oct.
Gcn'l ;)d, coup. Os. 1937
98%
98%
89 June 101 Bept,
103 b. 96 Apr. 103>s Oct.
Cblc. A Ind. Coal K., l8t, 5s, '36 103^4
N. Pac.'l'er.Co.— Ist, 68, 1933... 105% a. lli5%b. 99% Jan. |l06 BepU
Ch.Mll.<k8t.P— lBt,I.AM.78,'97 114 b 115 b. 113% Oct. 119 Apr.
Ohio A Ml»8.— Consol., 78, 1898. 117 %b. 117i3b.'ll4i3Jan. illO Jana
123i«b. 123i«b. 123
Consol.78, 1905
Oct. 128
May
2d, oon80l.,7B, 1911
117% 119 b. 116 Apr. 111914 Oct.
let,Ho.Mln.l)iv.— 68,1910.... 109 b. 110 b. 10713 Sept. 114 Feb.
OhioSouthem— Ist, 68, 1921. .. 104 b. 10514
9913 Jan
106>sMa7
iBt, Chi. & Pac.W.Ulv— 58,'21 103>ib.
101 la Jan. 107 Aug.
2d,luo.,6B, 1921
46
46%
20 Mar. 50 Cot;
Wis. * Mlu. U1v.-5b,1921.... Og'gb- ICO
981-jScpt. 104
May Omaha A St. L.— iBt, 48, 1037.. 7314b. 73^8
70 Mar. 76 Jan.
lOlisb. 100 b. 100 Jan. 103
Xerujinal 58, 1914
Juno Oregon Fuipr. Co.— Ist, Os, 1910 100
10513
0414 Jan. [lOO'sOct.
Chic. & N. NV.— CouBol. 78, 1915 144^b. 145 b. 1391a Jan. 14414 July
Ore. K. ANav.Co.- iBt, 68, 1900 lioieb. iiO%b. 108% Vt\>. 113
May
131i.jb. 131»sb. 12c
Go1(1,7b. iy02
June I32I3 May
Consul., 58,1925
|103 a.;,104 b, 0i>i4 Jan. 104 May
117 b.
BluklnK fund 68, 1929
118 Oct. 121 Feb.
Oregon A Transoon.- 6b, 1 022 .. 1 02 Seb. 1 03
'103
03 Jan.
O-X.
BliikMigIu«(15a,1929
107%b. 107^b, 106 Apr. 111 Feb.
Peo.Deo.A Evans.- Ist, 68.'20. 109%b. 114
106 Jan. 1114 Oct.
llli«b 107 May. 11218 Sept.
Sinking fund deb«nt.58, 1933 111
104
Evanev. Viy Ist, 68, 1020.
105 isb. 102 Mar. 1107 Mar
26veardebeut.5a, 1909
lOS'sb. lU5%b, 104
May. IOOI3 Apr.
77
mort., 5s, 1927
2d
a.
77
60 May
77«4 0ct.
94i«
ExtiL6lon 48, 19126
941a
98 Aug.
911a Mar.
8808
Phil. A Read.— Gen. 48, 10.58.
88%
88% Oct. 6 9 14 July
Chl.R.I.&Pac.— 6fl,conp. 1917. 13238b. 132 b 130 July 134 June
9018
iBt pref. tncouio Ss, 1958...
85 14 Aug. 90% Oct.
90
!06% 10658 104 Mar. 108 May
Ext«u. & lOl. 5s, 1934
7714
2d pref. Income 58, 1958
76%
7711001.
691s Aug
Ch.Bt.P.,M.A O.— COUBO|.68,'30 121%b. 122
119i3Jau. 12313 May
06
3d pref. Income 5s, 19.i8....
59 >3 Aug. 07 Is Sept.
65
Oh.Bt.L.APltls.— lst,con.58,'32
95 Oct. 100 Is Jan.
Bloh A All.— iBt, 78, 1920. tr. rec 62
68%b. 51 Apr. 62 Is Oct.
O. C. C. & Ind.— Cou8ol.7s,1914 130 b. 131 "b. 123
Jan. 131 July
Blohm. A Dan.—Cons., 68, 1915 115% 11514b. 100 Jan. 110 Jane
Ill b. 10713 Jan. 113 May
Gen. 68, 1934
Ill
Consol. gold 58, 1936...
88
87>4
80 Apr.
90% Sept.
Col. Coal <fe Iron— iBt, 6b, 1900.. 103%b. 104 b. 100
Jan. 100 May
99i3 0eL
Rich. A W.Pt.Ter.-Trust C8..'97 90 13
9314
85 Apr.
Col. H. Vttl. <S Tol.— Con. 58, '31 i-0 b. 80iab. 63
Mar. 84I3 Aug.
Koch. A Pitta.— Ist, 68, 1921
110 Mar. 118 Feb.
Gen. gold, Ob, 1904
smb. 85i£a. 03 Mar. S7 Sept.
114 b. 11413b. 113 Jan. 1 17% May
Consol., 6a, 1922
Denver & Klo Or.— l8t,78, 1900 120 b. 1201a 1181a May 121 14 Mar. Borne W. A Ogd.— Ist, 7s, 1891. 109 'sb. 110 b. 107 Jan. |llu%May
77ifl
lBtcou.4B, 1930
78
75 Mar, 7913 Jan.
105
104 13 loo's Apr. U08i4Jun»
Consul., extend., 58, 1922
75 b. 71 Jan.
Den* K.Gr.W.-lBt,68,19H. 77
83 Aug. St Jo. AOd.Isl.- lBt,68, 1925 107 b. 107 '4b. 98 Jan. 10713 Oct
66 b. 00 Mar. 76 Aug.
AsBei.ted
07
2d, Income, 5b, 1925
49 b. 49 b. 40 Mar
52 Aug.
Den. 60. Pk. & Pac— Ist, 7s, '06 75 b. 76 b. 71 Aug. 81 Apr.
Bt.L. AJt.A T.U.— iBt, 7s, 1894 113 b.llU a.lll2 July 114% Hay
Det.MBC'.& M.— Ld.gr.3isB,1911 34''8a. 35 a. 34 May
43 Jan.
108 b. 108 b.,108 •"
Feb. 110% Jan.
2d, M., pref., 78, 1894
B.Ten.V.A O. Ry.— Con. ,5b, '50 It3>4 104 b. 95% Jan 105 Oct.
105 'sb 105
2d., M., Inc., 78. 1894
103 Jan. 108 Oct.
Ellz. Lei. A B. Haudy— 6b, 1902.1 101 a. lOOisb. 96
Mar. 104 Jan.
42 a. 40 b. 35 Apr. 42% Aug.
DlvldendbdB, 68, 1894
99i8b.
Brie- Ist. consol. gold, 78, 1920ll35i3 136 b. 1321b Mar. 1381s Aug.
Tex.—
L.
Ark.
A
Ist,
6b,
1936
St.
07
07 Oct 104% FeU
'"
Long Dock, 7b,
1893
113 b. 11 Slab. Ill Jan. 115 Apr.
38
4His Jan.
35 Oct
2d, Os, 1936
36
Con. 6b,1935
115 b. 110 b. 115 Apr. 120 Aug.
IO8I4 llOOisMur. 1111s Jan.
108
St. L. A Ir. Mt.— iBt, 78, 1802.
H.Y.L.E.AW— 2dcon.6B, 1909 101 b. 101 b. 9218 June 102 1« Oct.
110 b. 109 b. Ui5 June 112 Jan.
2d mort., 7b, 1897
rtW. ADeuv.C.-lBt, 68, 1921 92% 91% 77% Apr. 93% Sept.
Cairo A Fulton-lst, 7b, 1891 104 lab. 104 %b. 102% July 1051s Jan.
QaLBar. A San. Ant.— let, 68, '10
100 b. 101 la Feb. 100 la May
8713
Gen. By. A land gr., 5b, 1931
80 Apr. 02 is Jan.
851s
2d M.. 78, 1905
98 Apr. 100 July
113%Jan. 110 Joly
Bt. L. A San Fr.- Os., 01. A,1906 117iib. II708
West. Division- l8t,68, 1931. 03 lab.
118
90 Mar. 9413 Oct.
1171 115%Jan. llOisJune6s, Class B, 1900
Gr'nB.W.ASt.P.- 2dlnc.8B,1911 31
30 b. 25 Apr. 42% July
11713
117 b. 114 Jan. Ill9%jaly
6s, Class C, 1906
Gull Col.&San.Fe- l8t,78, 1909 118 b. 118 b. 117 Oct. 122i4May.
Gen'l mort., 68, 1931
1II4 b. 1121s Jan. 118 JuneGold, 6b, 19-23
80%». S9% Oct.
lOlisb.
00
08 Sept.
1931
l01>sb.il00%Jan. lOSisJune
Gen'l mort., 5b,
EenderBon Br.Co.— let. 6b, 1931 108 lib. 108i»b. 1071s Mar. IIOI3 June St. Paul M. A M.— 1st, 7s, 1900 115 a.lllS b.;112 Jan. 1119 Oct
117i8b.
12308b.
H. & Tex.
M.
L.
12313b.
Ill
Mar.
123
iBt
78
Sept.
116 Apr. ,120% Sept.
2d, 6b, 1909
Ist, West. D., 78,1891
123 b. 123'8b. 112 Feb. 12313 Oct.
118 b. 117isb. 114 Mur. 120 June
1st cons., 68, 1033
l8t,WacoAN.78,1903
105isb. lU5iab. 105 June 114 Feb.
reduced to 4 138
O708b. 97 b. 06% Apr.
Do
081s Jane
~~ Mar. 87;'i Oct.
2d, ooneol. M. L. 8b, 1912
102 Feb. IO8I3 Jan,
Montana Ext. 1st, 4.s, 1937... 87
80
87%
Gen. uiort. 68, 1921, tr. reo... 70 b. 70 b. 65 Jan.
7213 Sept. Shenandoah Val.— iBt, 7b, 1909.
00 b. 90 Jan. 05 Apr.
Ind.BL AW.- iBt, pre!., 78, 1900 118 b. 118 b. 110 May 1121s Jan.
35
Gen'l mort., 6b, 1921
36% Jan.
33 b. 29 Apr.
Ist, 5-68, 1909, tr. reo
10013b. 100 isb. 07 Jau. 10618 Ans.
94 b. 94 b. 80 May 95 Oct.
80. Carolina— Ist. 68, 1620
2d, 5-6B, 1909, tr. rec
7713 b.
72iab. 08
7413 Sept.
05 Feb.
60 Jan.
87 May
2d, 68, 1931
EaBt. Dlv.— Ob, 1921, tr. reo.. 94 b. 94''8b. 80
May 95i4 0ct.
15 b. 18
Inc., 68. 1931
13 Apr.
18% Jan.
Income, Ob, 1921, tr. reo
Mar.
25 Sept. So. PacCal.— Ist, 68, 1905-12.. 112 b. 112 b. 111% Apr. lie Mar.
24>4a. 2314a. 15
Int. A Gt. Nor.— let, 0B,gold,'19 1031a
10313b. 981s May. lllisJan.
80. Pac, N. M.— iBt, 68, 1011. .. 107 b. 10? b. 105% Jau. 108% Mar.
Conpon.Os, 1909
77 Jan.
65 b. 65 b. 61 Apr.
02 May 95% Ang.
Tex. A Pac— Ist, gold, 5s. .2000 94
03%
73I4
Kent. Ccntr.— Gold 48,1987.... 7114
75 Jan.
41%
09 Jan.
2d, gold. Inc.. 5s, 2000
40%
38% June 45 Aug;.
KnozT. A O.— iBt, Os, gold, 1925 lOl^^a 103
Oct.
Jan. 104 May
Tol. A. A. A N. M.— lBt,68, 1924. 10214b. 102 b. 86
89>s Jan. 104
It. Erie A W.— Ist «., Ss, 1937 .. 106
May. Tol.A.A. A Or.Tr.— l8t, Ob, 1921 100 b. 108
b. 106 b. 101 Is Jan. 110
101 Jau. ll07>sMay
takes li.—Con.couji).,l8t,7B,1900 1271a 127% 125 Feb. I2«i3 June Tol. A Ohio Cent.— Ist, 5s, 1935 100
101 b. 03 Jan. 1101 June
125i»b. 1221a Jan. 12014 May
Con. coup., 2d, '78, 1903
Ist.Os, 1910 04
126
01 June 95 Oct
Tol.St.L.& Kun.
05
Long Island— 1st. 78, 1898
12iiab. 123
11913 May. 123 Oct.
Union Pacitlc-l8t, Oa, 1899.... llOOsb. li0%b.'114 Jan. 11713 June
112i«b.
l8t, consol. ,.'18, 1931
Ill Jan. 115 Juno
10O%b. U)0%b. lOOia Apr. lomMsr.
Land grant, 78,1887-9
Lon. A Nash.- Consol., 7b, 1898 1163ib. 117 b. lie Oct. 123 Feb.
119 b.'119>4b. 113% Apr. 121% .'day
Sinking fund, 88.1893...
K. O. A Mobile— iBt, Ob, 1930. 115 0. 115 b. 10816 Jan. 116 Oct.
Kan. Pacific- l8t,68, 1895.... 110%b. lli.isb. 109% Feb. ll'.iis Jan.
2d, Os, 1930
90i3Jan. 100 May
lBt,68,lM96
lllHb.illliab. 109% Feb. 112 May
99 lab. 9913
E. 11. A N.— Ist, Os, 1919
114 b 114 b. 114 Feb. 1161a July
115 b.:il5'»b. 112% May 116 Apr.
Denver Div.— OB, 1899..
General, 68, 1930
lliogb. 112%
llS^i
llSHa. 109% Jan. 115 May
101% Jan. '112% Oot.
Ist consol, 08, 1910
Trust Bonds. 6b, 1922
109 b. 100% Mar. 110% May
109
Oregon 8h. Line -Ist, 68, '22.. 10008 110 b. 100 Feb. 110 Oct.
10-40, Os, 1924
bS Oot
108%b. 10314b. 101 June 104 Feb.
Virginia .Mid.— Gen. m.,5s, 1036 85
78 Jan.
84%
50-yc;ir58, 1937
100 b. too b. 9913 Mar. 102% Apr.
Wab. 8t.L. A Pac. - Gen., 6s, '20 40 b. 40 b. 37 Apr. 47 Jan.
Lon. N. A. A Cl).-l8t. 6b, 1910. 1141a llSiab. 107i4Apr. 115 Juno
98% Feb.
Chicago Divison— 58, 1910
03 Jan.
94 '4
OouBol., gold, 68, 1916
90 Jan.
9414
Wabash- Mortgage, 7s, 1000
84 Feb.
87% Apr. 97 Aug.
Mem. A Cb'lston- 6B,gold, 1024 113 b. 105% 100 Jan. 105% Oct.
XoL A Wab.— let, ext.. 78, '00 113 b. UOiab. 107 Apr. 1112 Aug.
Metro. Elevated.— iBt, 68, 1008. 11412b. 114>a
10818 Mar. 117 May
107% Apr. illl July
l8t, Bt. L. Div.. 7b, 1889
Ill
2d, 6s, 1899
108 b. 108
102 Jan. 109 Oct.
2d, extended, 7s, 1893
00 b. 92 b. 85 Apr. »5 Oct
Mich. Central— iBt, con., 78, '02 13 Slab. 132 b. 126 May. 132 13 Oct.
00 Jan.
83 Jan.
Con., oonv., 78,1907
88 b.
Consol. 5s, 1902
lUSis Apr. 113% Oct.
lab.
May.
112
Oct.
West—
Ist,
Ill
Oreat
78, 1888.... 113 b. tu
1071a
0.<
MIsB'rl Pac— iBt, cons., 68,1920 113 b. 113
Oct.
107 Mar. 113>s Jan.
2d, 7s, 1893
90 b 02 b. 85 Mar.
8d, 78, 1906
West Shore—Guar., 48
OOTs Jan. 1040k Jon»
118 b. 116 b. 115 Jan. 1 20 Oct.
10i>s
103%
Pac.
rac. 01
of Mo.—
nio.— v:a
2d ji.,
lea.
108 May
Jiay
Wheel.
vvueei. «
Lake i:..£.— Ist,
tsi, ob,
M., v8,
iMui. 106
104 Jan lua
lU't
A i^aae
58, 1026
taao I01%b.llu2
wi jito.n.a b. »4%Jan. 102% Oct.
78, 1891
lucea.!
91>sb,
105
121
123
1
U
1
'
,
^
,
I
1
I
'
1
—
;
.
,
,
,
i
j
C—
.
I
C—
!
1
I
.
.
Note—The letter "b"
Indicates price
frui,
and "a"
prloeiu/ced; all other prloes
ami coo range are (rom aotoalaalas,
STATU B9NDS.
SECURITIES.
Alabama Class A 3
Class B, 58
Class C, 4b,
68,
10 20
Arkansas—6b,
I
Ask.
Bid.
1906
1006 100
1006 100 ijj
1000 102
funded. .1899-1900
7
to
7s, Little RockA Fort
7s, Memphis
Little
78, Arkansas Ceutial
Beorgla— 7e, gold
Lonliiana— 7b, eons
A
5
Smith, Ibs.
Rock, Iss..
BB
I.
'.•>.lt.ft.,
-7.,
1804-1805 107
1802 107
New York—68, loan
.•.1803 108
6s, loan
JAJ 35
North Carolina—68, old
1000 10
Fundlilgact
New bonds, J. A J.... 1802-1808 20
6
Chatham BB
8
5
10
1800 103%
1014 108
01
01%
IftOO 105
BECUBITIKB.
Ask.
Funding
Special tax. Class 1
ConBolidated 4b
««
8%
1010
..1919
92
Bid.
Bhode Island— es, ooa.. 1803-1894 107
3
South OaroUna—68, non-fund. 1880
due 1880 or 1890 102
Asylum or University, due 1802 104
Missouri—68
1021a
105
12
I
Bid.
105
112
8
I
Btaniped, 4a
8ECUBITIE8.
Brown consolidated
1893:
6s
Ask.
*85
104% 106
1802-1898 61
Tennessee-as, old
1913 71
Compromise. S-4-&-6a
1913 104 >•
Mew setUement-6«
100
1913
68
1013 "60% 70
3s
48
II yirglnia—6s,old
70
12
6s, coni'alidated bonds
ftO
03% 6s, < onsolidated, 2d series
,
,
121
1
Oft.
deferred, trust ree
,
..
8%
THE CHRONICLE.
494
[Vol. XLVII.
BONDS- STOCK EXCHA>GE QUOTATIONS ON FRIDAY OF THE LESS ACTIVE RAILROAD BONDS.
SECURITIES.
SECURITIES.
Ask.
Bid.
Railroad Bonds.
(Slock ErrJiange Pricet.)
Tod. A San. Fe— 41*8... 1920
Slnktn^tiiiirt.es
1911
Collateral Trust, 58
.1937
Chic. S. Fe&Cal.-lst g.. 5s. 1937
Beeco Creek- 1st gold, 48
1936
Bait.
Onlo-lst68, Park ..1919
192.^
A8, gold
Con8. moTt.. gold, 58
1 988
Boat. B. Tun. A W.—Deb. 5b... 1913
iMb.
4
Bid.
94
lOS
98
P2ia
91
B
101
132
105
136
B. N. Y. A E.-lst, 78
N. Y. L. E. A W.— Col, tr.,
Funded coup., 5s
Buff, A S. W.— Mortg. 68. ...1908
104
85
82
120
107
116
1920
1928
1920
1908
1916
681922
1969
«th, extended, .^s
5th, extended, 4s
let. cons., fd. coup... 78
Reorg., 1st lien, 6s
Evan. A T. H.-lst, cons., 6e.l921
98% Mt. 'Vemon— let, 68
1923
Brooklyn Elev.-lst, G., 6»...1924 106»a 108
Evans. A Indian.- l8t,eon8...1926
90
2d. 3-.=S8
85
Eureka Springs R'y, let, 68. K.1933
1915
Brunswick <t West.— let, (r.,4s.l938
Fl't A P. Marq,- Mortg.. 6e...l920
Burl. Ce. Eap. A No.— let. 5s 1906
931s Grand Rap. A Ind.— Gen. !>e..l924
85
Consol. A col. tr. 58
1934
Green B. W. A St. P.-lst, 6b 1911
101 ig Han. A St. Jos.— Cons.. 6h
Minn. A St. L.-lBt 7s, gu 1927
1911
101 >« Housatonic— Cons, gold 5b .1937
Iowa C. A West.- Ist 78... 1909
Oed. Eap. L F. A N., 1st 68.1920
Houston A Tex. Cent Istml. tree
lBt5e
West Dlv. 78, tr, reo
1921
83>« 84'e
Central fowa— Ist, 78, Tr. Recl899
2d m, 88 M. 1, tr. reo
Ea«t'n Dlv., 1st. 6s
66
HouB. E. A W. Tex— l8t. 7e...l898
1912
nUnols Division— l8t 68
1912
Illinois Central— Ist, g., 4e. .1951
Cons, gold bonds, 68
50
196!
1924
Jet. ifold, 3is8
Cent. RE. A Bank.- Col. g..5s.l937 IO214 lOJ!
1952
Gold 48
Olies. A O.— 68, gold, ser. A. .1908
Spnngf, Dlv.— Coup., ..68, 1898
Coupons off.
1921
1908 114 116
Middle Div.-Reg., 68
•Ches. O. A 80. West.— 2d 6s. .1911
C. St. L. A N. O.—Ten. l,,7e 1897
I hlcago A Alton— 1st. 78
il2''8
1897
let, consol., 78
1893
Sinking fund, 6s
1907
1903 12438
2d, 6s
louis. A Mo. BlTer— I8t7e..l900 122
.1961
Gold, 5s, coupon
2d7»
1900 119 122
Dab. A 8.
2d Div., 7s ...1894
St. L. Jacks.A Chic— 1st, 7a. 1894 lib's lUis
Ced. Palls A Minn.-let, 7b. 1907
Ist, guar. (564). 78
1894 113>s 1141s Ind. Bloom. & Western
2d mortg. (360). 76
Ohio Ind, A W,— Ist, pf,, 5p,1938
1898 115
2d, guar. (188), 7s
l!'38
1898 115
Ist, 5e
Miss. R. Bridge— l8t, s.f. 68.1912 106
108
2d, 5e
1938
CMo. Burling. A Q.— ^s, s. f. ..1901
107
Ind. D. A Spr.— let, 7s, ex.cp. 1906
lowaDlT.- Sink, fund, 68. 1919
1947
Ind. Dec. A West,— M, 58
Sinking fond, 48
1919 951a
2d M.inp. 5e
1948
Plain, 4s
91
1921
Kan. City A0inaha—lstg..">8. 1927
Chic. Burl. A No.- Deb. 68....1896
Kan.C.Wyan.AN.W.— Ist,8e.l938
Chic. Rock Isl. A Pac—
Lake Shore A Mich, 80,—
iJeeMoineeAFt. D.— l8t,48.1905 83
Cleve. P. A A.— 78
1892
l8t,2iss
55
1905
Buft'. A Er.— New bonds, 7e.l898
Extension, 48 .. ,
86
S3
.1905
Kal. A W. Pigeon- let, 7b. 1890
Keok, A DesM.- Ist, 5S....1923 103 I06I4
1906
Det. M. AT.— 1st, 78
Cent, of N, J.-Conv. deb. 68.1918 •106
Lake Shore— Div. bonds, 78.1899
Chic. M.A 81.P.— Ist, 88, P. D.1898 123
126
Coneol., reg., let, 7b
1900
2d, 7 3-IOb, p. D
1898 1171a
Consol., reg,, 2d, 7s
1903
l»t, 7b, $ g., R. D
1902 124
Mahon'g. Coal RR.— Ist, 58.1934
Ist, La CrosBe Division, 7s. .1893 nil* 113
Long Island— General, 48
1938
iBt, I. AD., 78
1899 118
N. V, AR'wayB.— Ist, g, 58.192
let, C.AM., 78
1903 1^3
N, Y. A M, Beach— iBi, 7e..l897
l«t, 78, 1. A D. Ext
1908 1211*
N. Y. B, A M, B.- let, g., .68. 1 935
iBt, S. W. Dlv., 68
1909 IIII3 I12I2 Loulev. A Nash.— Cec.Br.— 78. 1907
Ist, 68, La C. A Dav
1919 1(1
Peneacola Div,— 6e
1920
let, H. A D., 78
1910 120
1921
St. Louis Div.-lst, 68
let, H. AD., 58
1910 998b
2d. 3s
1980
raiicago A Paclflo Div., 6s.. 1910 117
Naehv, A Decatui^-lst, 78. .1900
Chic. A Mo. Eiv. Div., 58 ...1926
991»
1910
S, A N, Ala.— S. f., 68
Mineral Point Div., 58
loOis
,
1910
Pens. A At,— let, 66, gold.. 1921
C. A L. Sup. Div., 5s
1921
.In31
Collateral truet, 58
Fargo A South., 68, Assu .. .1924
12018 Lou, N. O. ATex,— l8t,48
1934
Inc. conv. sink, fund 58
1916
1934
2d mort., 58
Dakota A ii,t. South., 5b
1916
Manitoba 8, W. Col.— G. 68. ..1931,
Chicago A Noi-thwesiemMexican Cent.— New, ass. ,4e. 1911
Escanaba A L. 8.- let, 68. ..1901 IIOI4
Michigan Cent.— 6e
1909
DesM. A Minn.-lst, 78
1907 1221a
Coupon, 68
1931
Iowa Midland- Ist, 78
1900 'lo2
1891
Jack. Lan, A Sag,— 68
Peninsula— let, conv., 7e... 1898 125
Milw.US.AW.- ConT.deb.,58. 1907
Chic. A Milwaukee— let, 7e 1898 121.SI,
Michigan Di».— Ist, 68
1924
Win. A St. P.- 2d, 78
1907 132ie 138
Ashland Div,— let, 6e
]92,^
MU. AMad.— Ist, 6s
1906 110
Minu,A8t,L,— I'aEx.— let,7B 1909
Ott. C. F. A St. P.-lst, 58. .1909 116
2d mortg,, 7e
1891
Northern Ill.-let, 5
1910 106
Southwest Ext,— 1st, 78
1910
CI. Col. On. A Ind.— 1st, 7e. B.f.'99
1201a
PaciHo Ext,— let, 6s
1921
Consol. sink. fd,,78
1914 1U4
Impr. A equipment 68
1922
Chic. St. Paul M. A O.—
Minn. A Pac— iBt mortg. 6b. .1936
Chic. S. P. A Minn.-lst, 68.1918 126
127
Minn. S.Ste.M.AAtl.- I8t,6s..l926
Ho. Wlsconsln^lst, 6e
1930
Mo. K. A T.— Cone.,2d, ino
1911
St. Paul A 8.
1st, 68 ....1919 12358 125
H. A Cent. Mo.— Ist, 78
1890
raic. A E, 111.— let, s. f.. cur.. 1907 II9J4 l^Oij Mobile
Ohio—
Col. tr., 68 ...1892
A
Chlc.St. F.AKan, C.-58.... 19;:b
Ist Extension 68...
11-27
'95'"
ibo"
St. L. ACalro-48, suar
1931
<31uo. A W. Ind.-lBi, e.f., 68.. 1919 *110
Morgan'eLa. AT.-l8t,6s
1920
""iortgage, 6
1 932 •116
^JS*"!*^!
1st 7e
1918
railo. A St. Louii~lst, 6s
1915
120
Nash! Chat.'A St.' L.— ddi'Ss' 1901
On. I.St U4 Chlc.-l8t,g„48 .1936 94
Consol. gold, 5s
1928
ran. Jack. AMac.-lBt.g.,58... 1936
95
N.J. June. Guar, 1st, 48
1986
Cleveland A Canton— ist, 5B..1917
93%
«.
Y. P. A O,— Prior lien, 6e 1895
Col. A Green.- let, 66
1916 102
N. Y, A Northern,- 2d, 4b.. ..1927
2d, 6e
'l926
80
N. Y. A New Eng.— let, 78.. -.1906
Col. A Cin.
'oils
'104 >a
C—
75
104
921s
99
1131a
119>« 122
1191s 122
1191a
1160t
Mile
'
65
*-5
60
99
86
92%
'
110
H9
103 >a
l'J4
121
126
106
93 la
lo3
90
Cffiurd'Alene. let, 6e, gold...l91t.
Bel. Lack. A West.- Conv. 7s. 1892
93
Ist, 68
N.Y. Susq.A West.- Deb. 6b.
111
Mortgage, 7s
1907 lt9
Syra^Bing. AN. Y.-lst, 78.1906 I3414
morrlB A Eeeex— let.Ve
1914 144iail45
2d, 41SS
N. Y. N. H.
. .
1905
18»7
1937
A C—
prtoe Friday; theae are laleat
qnotaUonB
made
tht»
week."
« Ash.— Ist
107
105
Alton
1071a 109 14
118
143
97
89
92
92 »8
66
107
107
109%
A Ter. Haute—
115
110
35
St.
8t,l',Mlun.AM.— Dak.Eat,,68,19l7 119
llOia
1922
Min's Un.— let, 6e
Mont. Cen,— iBt, guar,, 69. .1937 ilO
St. Paul A Duluth— iBt, 68.. -.1931 110
1031s
91
8odus Bay A 80.— 1st, 58, g...l92l
UII4 Ill's Tex. Central— let, 8. f., 78
1909
1911
112
iBt mortg, 78
1905
95
85
Tex. AN. O.— l8t, 78
1912 IO3I3
50
60
Sabme Division, Ist, 68
81 14 871a Tol. Peoria A W.— 1st 48
1917
Tol. A. A, A Mt PL— bs
191a
80
1917 lOoia
Til. A, A. A cad.— 68
55
68
Valley R'y Co, of O,— Con, 68.1921
Virginia Midland.- Inc., 6s...l9'.i7
SS's
Bellev.
BeUev.
Wabash St,
1061a
102
103
69
72
117
125
II0I4
'1081a
98Js
1041s
67
73
104
104
119
741a
100
A So. lU.— 1st, Ss. ..1896
1923
A Car.— let, 68
Louis A Chic— Ist, con, 68. 1927
86
5514
105%
1927
58
St L.ALM.— Arlc.Br.,lst,7s.l895
Cairo Ark, AT.— let, 78. ...1897
L.
117
50
120
80
80
1021a
105
A Pac—
90''8 91
1910
1921
Indianapolis Dlv.—68
1921 113
Detroit Div.— 6s, tr. rec
1931
Cairo U1V.-68
89
Wabash. M., 78, Trust rec
94
96
Toledo A Wab.— 1st ext, Tr, rec
93 >s
St. Louis Dlv., 78, Trust reo.
89
2d M. ext., 7s, Trust reo
95
1883
23
Equip, bonds
Chicago Div,
,08,
Truet reo
.
Havana Div, 66...
Consol, conv,, 78, Trust rec...
Gt. West- let. 78, Tru6trec
2d, 78, Trust rec
Quln. A Tol.— 1st, 7s
1890
Han, ANaplee— lst,7s....l90»
112
111.
94
9018
A So.Iowa— l6t,ex.6s.l912
BtL.K.C,AN.-R,E,ARR.78.'9o 11018 111
Clarluda Br.— 68
191»
BtCharles Br'ge— lst,6s.l908 104
117
No. Missouri— Ist, 7e
1896
.041a
1021a
102
WeetN, Y. A Pa,-l8t, 6s ....1937 93 »8 93''8
2dm, gold 3-5S
1927 38'a 39
Wanen A Frank— Ist 7e...l896
Pitts,—
Webt Va, C. A
l8t 6s.. 1911
West Union Tel.—Coup. 78.. .1900 1171a 120
Col. Truet, 6s
19j8
1904
N. W. Telegraph—7s
Market St, Cable Ry., 1st, ts.l913
Manliat. Beach Imp. Co,— 7d. 1909
95 'e
Am. Water Works Co., let 68.1907 105
Tenn. Coal Iron A Railway—
1917
Teun, Div., 1st, 6s
1917
Bir. Dlv,— Ist con, 6s
I.— 68, g..l9l7
Hook. Coal
Col.
68
Georgia Co.. N.
193
llu
851a
96
86%
90%
90
97
100
1907 110
1898 *112
18-9, 'loO
Mem. AChttS.-lBt. Tenn. 7s. 1915 *
130
A
i09"
A
C—
Free List.
I
No
113%
Rocheeter A Pittsburg—
Buff.Roch.APitts.- Gen, 5S.1937
Rich, ADanv,- Debenture 68.1927
Debenture, ex coupon
1897
Atl. A Char.- 1st, pr,, 78
*
*
1900
1912
1912
1912
78.1hOo
1900
Incomes
San Aut,A Arana.— lst,6s,'85-1916
1886
1926
1st, 68,
1910
Scioto Val,— Ist, cons., 7s
oil
Coupons
.
94
1071a 1081a
114
116i4'H5i«
A V. B. Bg,— let, 68.1910
K,A8o,Wn.— let, 6s,191H
Pltte. C. ASt.L.- l8t,op.,7e.
Pitte, Ft. W.
let, 7s. ..
40
A H,— 1st, reg. 48.1903 110%
N.Y. Tex. A Mex,— Ist, 48 ...1912
Northern Pac, - Dividend eorlp
-1891 107^8|108i8
Dividend extended
I**.'*
Bonds, 78
„...
1900 122'i, 125
Jamee River Val.— let, 68. .1936
7e of 1871
;:.1901 '1^418 127
Spokane A Pal.— Ist, 6e
1936
12*> «<";- guar,, 7b
-.
1915 142141144
St. Paul A N, P.— Gen., 6s.. 1923
a>eL A Hud. Canal—let, 78.. .1891 IO8I4
Helena
A
Red
M'n—let,g.,68.1937
Ut, ext., 7e
igsi '1071a
Dul. A Manitoba— let, g. 68.1936
Coupon, 7s,
..........
1894 lUia 114%
Do Dakota Dlv.— Ist, 68.1937
P^Dlv„cour.,79
1917 139
Hel. B.Val, A Butte, let, 68,1937
Albany A Susc.— I8t,gu.,7e.l9u6 13iia 134
Drnmmond
A P'bg.— 1st, 5e.l937
l9t, eons., guar., 6s
19O6 121 123
Helena A No.— Ist, g'd, 58.1937
RenB. A Bar.— 1st. coui>.,7b.1921 144
M.
Mo.
La
A
Kiv,— let, 68 1937
Denv. A E. G.— Imp. g. Ss
ls;28
88
O. A No, E.— Pr. 1,, g., 6e ..1915
New
Or, A Gulf— let, 68
i?"}" ft^i y- * ^^l"- A*'> 6.... 1913 lC6ia 107
1926
.Buluth A Iron Bai ge— 1st, 5s 1!<37
Norf. A W.—New Riv.— I8t,6s.l932
92
Dul. 80. 8h. A Atl.- 5s
1937
Imp. A Ext., 68
1934
fi- Tenn. Va. A Ga.— let, 7e...l900
122
Adjustment M,, 78
1924
Divisional 6b
.
1930 108
Equipu ent. ob
190s
K""' 5"
1*37
Clincu Val.D., Ist equip. 58.1957
95
M\n" A?^l;'
Mobile
Bum.— Itt, g., 58 l(-3i 94
93 "8 94=81 Ogd. A Lake Ch,— lai, be
1920
E-Oi V* .01 Ala.— i(,t,couo.oo,K.,i9-J«
Ohio A Miss.—Cone,, s.f., 78. .1898
Klto.C. AN.-8.f.,aeb.,6e. ..1921
Sp'gtleld Div.-lst, 78
19o5
leiii,ortg.,eB...
19:^0
Geuci-al58
1932
Bne— let, extended, 7b
1897 120
Ohio
River
KR.-l8t,
5e
1936
2d, exitnaea, 6b
1919
General mort., gold, is
1937
3d, extended, 4'ge
19143 109
112
Oregon A Cat.- 1st, Ss
1927
Ft. 8.
St. L.
Pitts. Y.
94
.
Midland— letVee?! 1914
102
104
Atoh. J. Co. A W.— Ist, 68.1905 -ips
Ut. So.—Gen., 78
1909 102
Exten., 1st, 78
1909 100 -a
Utah & North'n.— G,, 58..19?6 9714 97%
Missouri Pac—Trust, g., 58,1917
Pac, of Mo.— Ist ext. 4s...ly3!j
98
St. Louis A San Francisco1st, 68, Pierce C. A
1919 106
Equipment, 7b
1896 107 "a
Ist, trust, gold, 58
1987
104
Kan, Citv A S,— let, 6s, g.l916
St. L.
—
i
. .
961a
'
7l>a
11218
73
Pitts, A Westem- Ist, g.,4s..l9l7
Pitts. Cleve. A Tol,— 1st. 6a.
1922 no's
121 ifl Pitts. Junction— let, 68
1922 110
Pitts. McK. A Y.— Ist, 68
1932 115
102
115
58
120
C—
!
6i
11518
11 Ifl
1151*
UOHi 142
2d, 78
3d, 7s
•1311a 133
'I2918 130
Clev. A P.—Cone., s. fd.,
4th, sink, fd., 68
189'J *l06's
93%
St. L. V. AT.H.— let, g., 78. 189
1141a
2d, 7e
1898
IIOI4
2d, guar., 7e
1898
1141a
I2OI3 Pine Creek Railway— 6b of 1932
106%
*
2dM..4ia8
1921
RRs.-Central Pacltlo—
Gold bonds, 6s
1895
Gold bonds. 68
1896
Gold bonds, 68....
1897
CaL A Oregon— Ser. B., 6 1892;
West. Pacltlo— Bonds. 6s.... 1899
No. Railway (Cal.)— Ist, 6h 1907
South.Pac.Ariz.- 1st 68,190910
Union Pac— 1st, 68
1896
Ist, 68
1897
let, 68
1898
Col. Trust, 68.
1908
Col. Trust, 58.
1907
C. Br. U. P.— P. o.,7b
1895
Atoh. CoL A Pac— 1st, 6s. 1906
Pa. Co.'s guar. 4ia8, l8top..l921
85
65
100
90
125's
,
Ask.
Kansas MId'd— 1st. g. 48.1937
Tex, A Pac.E.Div.— l8l, 68 1905 1071a
Pennsylvania RK,
105
. .
'
93
100
114%
'
.
120
97
92
118
107 108
II6I4 116%
ll6is
112 113
.
.
9218
87
.
Bid.
Panama—Sink, fd., sub,, 6b... 1910
Peoria A Pek U'n— 1st, 6s
1921 110
Paoitic
new
120
.SECURITIES.
ABk.
Erie— (Continued)
Cahaba Coal Mln,— Ist
100
a
117Ja 120
Erie
109 ifl
JeltVr.-on
106'
g, 7s..
Pltis,— Cunaol. 78
RR,— Ist, 78
A8t P,— lstm,H,AU.78
101
iVlll,
'95"
N, J. Soutlieru- lut, guar. 6a.ls9»|
1931
St. L<iul8 80.— l8t, g., 4a
l!».'2l
80
October
lUE (^HKONiOLU.
87, 1898.1
495
^
New York
City
BBOURITim.
Bank Statement for the weokendine Oct.
We omit two ciphers (00) in all canes. HnnMnston A B load Top
19
Prof en ed
BANKi.
Le«u.
OapttaL Surpliw.
DfpOtiU.
BMk of New York...
IfaahattAii Co.... ....
Bl«rti)iailtrt*.
.....
Uerhanlcrt*.. ..........
merluA. ........
Pliollx
$
6a«,3
1,000,0! 2.263.6
228,9
1,000.01
:ino,oi 6,630,8
1,0(K),0
Tradnnmen's
Chi>rjlc»I
MerchAnrs' Rxch'nKe
Oiilhilln National.
l.ooo.o:
:t()ii.ol
A
Or««n»rn^h
Leather ManufaU'rs.
Bevori.h .V iM.nial
State of New Vi>rlt...
Amedc-n UxohanKO*.
Cornin«*rce
.....
Paolllu
RepiiliUe
Nnnli Amerloa.
Hanover...
Irving
...
ns'
NiwMiio
,
A Paltun
Nuhola-^
Shoe A Leather......
Gorn KxchaDga
Maiket
Bt.
Ooatlnental..
OrlentiU
Importers'
A TrmAen'
Parlt.
North River
East River....
National
.Natitinal
SeoonU Natloaal
Nluth National
Third .Vanonal
N. V. Nat 1 Kxchanxe
Bowery
Hew
Ohaae NaUonal
Fifth ATeime.
Exchanfre...
Germania
States
Uocoln
aarflel<1
Ftfth National .. ..
Bank of the Metrop..
Went
(1(1(1.0'
487.3
1,556,3
6,000,01 3,138,5
1,000,0 1,630,9
6,(K)0,0i
200,0
700,0
633,6
311,2
820,4
617,1
237.6
467,3
1.000,0i
1.012.9
6(10,0^
260.5
363.6
178.9
664,8
218.8
231,5
1,000,01
800,0
600,0
760.01
600.0
600.0
i,ooo,o!
1,061,9
1,000,0
2.M.1
345.1
4.034,3
300,0
1.600,0
2,000,0 1,736,2
100,2
240,0!
a.'io.oi
124,0
3.200,0' 1,304,7
531,3
2.000,0
Total ........
7,778,0
3,693,0
6,171,7
22,771,7
5,742,3
1,587,2
2,3V0,4
2,383,4
2,773,2
7,164.6
3,936,7
2.464,7
2,516,5
4,146,3
2.«21,9
2,254,7
1,308.5
3,378,8
2,040,0
2.40S.0
1,720,0
10,098,4
212,8
600,0
200,0
117,2
362,4
104,1
211.8
565.7
652,1
366,1
364,8
601.1
179,8
232,5
243,0
429,6
201.0
128.0
62,0
3,500,0i
87. G
200.0,
750.0
600.0
100.0
200.01
200.0!
600,0'
300,0!
200,01
160,0!
300,0
200,0.
"'iile
Seaboard
Sixth National
Western NaUonal
18,29«,.i
278,3
750.01
600.01 6,876,8
217,6
1.000,0
300.0
3..H2.'S.0
2.831.2
1.486.0
2.913.4
1.010.0
6.926,9
600,6
8,860,4
North Pennsylvania
I2..'i47.0
604. (i
0.2K1.S
p.4nuMylTRnla
Phil. A Erie
446.(1
7.ll,'i4.0
Hanbnry
673,4
110.0
12.11:111.2
3.'.94.0
l4,4n:i.2
2.840.3
23.044.4
171.9
570.0
297.8
101.4
244.0
112.3
208.0
467,3
137,0
128,7
563,3
291,6
677,6
3.7411.0
5.0.S9.8
2.014,3
2.434.0
1.1HI..H
2,lt20.e
1.357,8
3.088,8
174.3
046.0 13.848.0
1,838,9 16.018,7
197.6
5.589,6
603.0
8.975.0
3,015.1
474.7
190,11 10,757,3
580, 1{
5, 138.4
2.1'48.6
340,1!
4.384.4
3 13,2
624,8| 16.692,2
3,0»><.0
330,7]
3,062,4
260,1
299,6!
2,84.5,4
20.1 4,193.8
1-0.7
1,903.2
280,0
3,356.0
8.788.2
357,0
665,2
5,659,2
4.'-..2
3,306,0
3,450.0
1.394.1
2,078,2
195.0
2,663,4
894,1
267,3
816,7
4,460,6
,
440.9
496.9
S3I.4
1,0.39.0
223.6
721.0
883.9
901.3
185.9
6.8"0.6
4,668.8
156.0
9.1.7
3.915,6
2,002,0
426,0
1,340,1
4,209,6
394,5
894,6
25,024.3
1,6411,4
23.(106,3
184.0
307.8
823.2
1.250.0
669,0
378,9
1,634,0
2.344.0
1.474,4
18,828.8
10,450.0
4,457,0
5,712.2
22.757,0
6.307.9
1,3H7,5
2.442,6
3.004.5
2.786,5
8.581.5
3.968,6
3,087,4
3,066,2
4,440,5
1,672,1
2,0611,0
14/5.0
1.V2.3
183,2
679,6
822,1
611,0
122.0
158.4
119.1
681.9
920.7
606.3
527.7
14.8
236,5
211,9
266.1
300.4
1,967,5
87,5
129,7
242,9
1,209.7
8:)7,0
647,7
46.5,1
1,150.1
381.0
669.0
536,0
1,511,3
3,63.5.1
2.844.3
1.889.8
4.498,
2.363,0
3.008.0
2.100,5
9,362,0
2.^3.0
192.0
125.0
1,260,6
60,762,7'51,686,0 394,053,6 94,281,3'28,090,8 421,
Loang,
LegaJi.
Specie.
SSM
P«aa.AN.r.Caa.-T(i,'M
4ff
45 Hi Hhlla. A KHv-O'*. (s...
54
64 « Phil. A R.-lat M., Cs ...
70
2d,7s,a. A t.ltilt
ToVj 71
Coaa., 7s, oonp^ 1*11
,
"
5«
85
66 la
A Lewlaton
United Co's of N.J
61
60
S-lOs. '««
tn<i 7*. end.. coup., '94.
Bells nap— 1st M., 8s.
Cam. ,t Arab.— .M.. 8h. '89
Camden 4 All.- Int M.7s
llS<a
Caiawls-a-M.
1211^
AUenh. Val.-7
A
A
CIn.
looo
7k,
Baltimore
92
91
OIllO
98
..
iio"
2d pref
Central Ohio
Preferred
ISl't
115>g
102
108 Hi
104 Hi
113Hi
104 U 106
,
Woitern Maryland
i 10
Wiim'gion CoL A .inCstK 110
lli2
.M., fls
A
1st pref
118
117
v.— Isi.dn.C.A H.,Vf
I.eii.
B«I.TIi»inRK.
RAILROAD STOCKS.)
112S
2d mortg., 7s
iii'i
Waal Jersey— 1st M.. 7i
W. Jersey A Atl.-lst, Ss
I
Jeir.-lst, 6s
6s
—H
W.* Halt.-Tr.o..4>
A Ind.lstni. 5s.
United N. J. -Uen. 4s
Warren A Prank. -lat, 7s
Phil.
Bteiibeo.
ai>,
Mid.— 1st.
Inc. 5s. 196H..
Ine. 6s. 96H..
2d pref
3d pref.
104H 105
Connecting— 6n
Delaware -Mort.. 6s
Del.AHd.R.-lnt. Ts.IVO'
BastonAAmboy.ranrl 6n.
BImIra A vviU'in.— lat, 8s
Harris. P, M't J. A L.—
Huni'n <ft B. T.— 1st. 7s
Consul.
I SI prat. Inc. 6s. 1959..
322 « 222>4'
We»t Jersey A Atlantle..
liAlLituAU Bunuts.
Clei.rn<'l(l
Newgsa.,ts, «., IPS*
Cons, .^s, Istser.. 1912
Dafarred Incomea. en ,
66%>
.....
W..41 .iMrsev
Ool.
0<m«.,a«.«.,l.it.0.1tl1
liav., as, (.. ee«t., 1M1
,.,.,,
11.320.0
S.-,0.9
459.0
Centrikl.
PI irt.tiwrn
680,0
430.0
418.(1
1,461.8
1,220,6
1,372,5
3,541,2
16,399,0
19,652.9
6,218.1
8,404,4
2,680,0
10,378,6
4,704,2.027,2
3,771,7
IS,«53,0
3,046,0
2.698,0
2,376,8
4.402,4
2,119.4
3.061.0
7.239.6
4.919.3
2.001,1
22,638,9
18,828,4
2,036,0
1.251,9
«
2,700,0
3,ri87,9
75,7
:i(io.o
l.'jiNi.n
2.'i0.0
^"ork Connty
6erinaii-.\merlcaii....
X7nlte<l
200.0
.SOO.O'
Flr«t NatioD«I
German
iioo.ol
422,7
Pe<n»len'
Central
283,0
163,4
87,3
504,2
1,500,0!
450,0|
Chath.m
Fonnh
133,1
1,261,6
iiiio,o:
...
Bnli^lmrM' A DrovefH
lieohiiuloM*
Tradet n
cms
11,310.0
10.962.0
7.806.4
9.107.0
12,531,1
4,0:3,0
10,919,7
2,870,5
19,674,1
3,220,8
5,600.»
1,943,6
2,268.0
1,(160,4
8,000,0
City
Broatlwiiy
Mnnraatile.. ....
•
•
!
2,000.01 i,sei,4
a.OAO.O 1.113.4
76tl,9
2.000,01
2,000.0 1,694.1
Lslii.ti ValloT
Liiii.. -K^hiirlkin
MInphll' A ». Haven
Nojiniichonlng Vnlley
(00< omUtvt.)
BBOURmi
Aak.
BIO.
as folIowB.
20; 1888. IB
KAILKOAl) B<>I»<>~
Ailama* Char.- lst.7s.
I
Ittoome.es
Baltimore ft
l'20Hi!
Ohio—4s..
I
lis
ilOO^alOl
K8 ..._'
{
I
139Hll40Hi' Cape Fear ft \ ad. 1st, 6s IOC's 101%
'id, 7s, reg.,1910
lo3
134
134 Hi Cent Ohlo-6s, 1890
Cons. ««.
R.,193!<
Isi, 7s f 1 10
Char. Col. * «ng
North Penn.— 1st M.. 7s 122
99>i
N.Y. Phll.ANorf-l8t,6s 104 104 Hi! C>n. Waso. * Halt.— Isu
ads, 6b
Inco e, 6.4
I 80
Sds.Ss
Peuo.-Oen. ,6s.cnup. 1910 13l'
C*
—
1
I
I
,
123
115
106
Cons., 6s. oonp...l905..
Cons.. 6s, conp...l91l^.
4iss, Tmst Ivoan
1st Ino., 6s, 1931...
I
110
Beab'dARo'n'ke—6s,1936
117
Weit. Md., 3d gnar., 6s
WII.('ol.4Ang. 6«.'.»10
118<i
'
108
Perklomen— 1 si, rf^.cn.'W
t
Per share,
i
Last price this week.
New York
BANKS.
Aak
Bid
1
Oermun Am. 11 14
,Oemiaiil»....i200
—
Citizens'
City
Commerce...
Continental
Corn Exch...
Ea-it River.,
nth Ward...
Fifth Ave....
.
First
Fourth
14th Street..
'Vallntlu
119
iN.Y.NatEx. 120
133
133
Ninth
N. America.. 146
iio"
1'20
Greenwich...
Butch-.'* Dr. 180
1,30
Central
Chemical
Bid.
N.Y. Coanty. 2o6~
300
'oartleld
Broadway ... 270
Chatham
BANKS.
I
174
An: Exch... 143
America
Charto
Lo4;bI Hecnrltles.
Bank Htaek Det.
BANKS. Bid. Ask.
135 Hanover. ... 210
154
IIiKl, River..
235
Im.* rra<rs' 36(1
230
152
3500 3800 Irving
L.-ather Mfs' 200
146 1149
163
Manhattan... 161
340
Market* Ful 177 186
172Hl 174
Mechanics'.. I7IH1 176
127
218 226' M'chB'*Tr8'. 156
Mercantile... 163
140
Mer'hants'.- 141
150
120
Merch'ts Ex. 117
900
M etroplltsn llHl 12 't
2000
Metropolis... 236
138 140
163 155
155
240
New York... ns
INorth River.
IM
Orient.!!
IPaclllo
200
166
180
Park
'190
People'a
.'Phet.tx
Seabonrd
'120
Seventh
120
Second
320
SboeALeath.r
State of N.Y.
Tradesmen's. 1 02
United St'ea. 210
Wesi.em
I
Has and OttT RallraaSI Vttaeka aatf Baaaa.
Bid. Ask. OA3 COMPANtE S
GAS COMANIES.
Depo8iU.r\ClrcTn\ Clfaringa.
I
133
160
126
125
.
iRepnbUe
146
St. NickolM. 118
I
]
1S3
115
10«
03>»
Bid.
I
Aak
I
N. Y. Bank*.*
6
13
20
Oot.
"
"
«
Beaton Banks.*
Oct 8
13
••
'
$
I
$
$
I
395.630.4 84.902,9 29,705,3 412,762,8!6.517.9 811.518.6
397,243.2 85,050,0 28,882,0 414.469.8'8.519.3 722.328.H
4.. 8M.U53.6 94,281,3128,090,8 421.884,3 6,491,3 S87,105,7
People's (Brooklyn)
ilOS
I
I
3.382.5 122.43.3.2 5.632.0.107.893,8
3.447.5 124.188.8 5,219.9 IOB.217.9
149,520.3 10.757.2! 3.564.1 127.346.9 3.110,4 110,3u7,7
148.000.5 10.740.8
149,44.5.3' 10,789.6!
20
74
75
138 1136
65 .Williamsburg
Citizens' GasLlght
6s
106
|111
Bonds.
|103
6s
Bonds,
88
!Metr<>p<>litan (Brooklyn).. 86
8OH1 81
Consoliilated Qas
105 '110
jMnnlclpal— Bonds, 7s
Jernoy t:ity * Hoboken. 170
'Fnlton Mnnicipal
134>a'188<«
114
Metropolitan-Bonds
106 1109
Bonds, 6a
^Sta"* lOOHi
Mutual (N. Y.)
115 1120
Eqnltable
..
100 1IO2
B.iurts. 8s
112
Bonds,
68
110
(Brooklyn)
Nassau
99 1101
SiTlp.[City RB. Qaotatloiu by H. L. Gbabt, Broker, 148 -rusrtway.)
D. D. E.B. *B.-Sorip6s.. 106
Brcker.St. * Ful. F.-8lk.| '26 ,26
148 155
Eighth A v. -Stock
...
Ill 113
lat mort., 78., 1900
II
170
sTcrip. 6a, 1914
-jv-lOS 107%
»y*7lhAv.-8t'k..
Br'd
208 315
* Or'nd-St. FTy-Stk.
103 Hi 104 "a 42d
lat mort,. .5s. 1904
'
—
110
Istmort.. 78. 1893.
...lO.SHl 104
2dmort.. 5». 1914
28
42d St. JIauh. * St-N.Ave. 34
B'way Suifflce Ij'da.. .1924 95 100
110 111
90
96
1st mort., 68. 1910
BoiK's giiar.,5s, 1905
5«
2d mort.. Income, 8s ....I 50
136 1137
Brooklyn City— Stock
Honst.W,St.*P.ry—Stk. 165
105 107
Istmort., 5s, 1902
110 i'jia"
Istmort., 78, 1894
Bklyn. crosstown— Stock. IBO 165
75
Ninth Ave.
100
Istmort., 7a, 1888
l<nv iio*"
Second Are.—Stock
Bushw'k Av.(Bklyu)— St'k 140 150
'103
104%
Istmort, 6a, 1910
Central Crosstown— St'k.. 140 150
155 166
Sixth Ave.—Stock.
lie 120
Istmort., 68, ls''22
105 106
36 Hi
1st mort., 78, 1890.
Cent. PkN.* E.Riv.— Stk. 85
214 230
Third Av6.-Stock.
118 118
Consols. 7». 1902
103
Bonds, 78, 1890
,101
Chrl8t'ph'r*10th St.- Stk. 120 125
Twenty-third St.—Stoek..i205 208
Ill 113
Bonds. 7a. 1898
110 113
1st mort., 7s, 1893
Dry Dk. E. B. A Bat' v— Stk. 132 138
111
|l09
lit mort., 7s, 1895
107
63
100
Brooklyn Gas LlKht
|
.
I
,
I
I
I
Philadel. Banks.
26,285,8
25,522,0
34,529,2
97,640,0
97,818,0
Oct.
8
" 13
" 20
96,61B,0!
70.020.3
64.880.2
71.131,6
rw
I
We
omit tjoo cipherM in all these /Igura.
delphia. the Item " due to other banks."
•
96,987,6 2.702.4
97.450.0 2.704.9
95,642.0 2.696.8
+ Includlns, for
Boston and Phils-
Unotatluns lu Boston, Jflilladelphls and BaltiiD<re:
Following are quotationsof active stocks and bonds. A full
list is given in the Chronicle the third Saturday of each month_
I
I
I
SECURITIES.
Bid.
SECURITIES.
Ask
Ask.
Bid.
T'p'a.— (Cont'd)—
86
6s
102
lCortca«e, 5s
104 Hi
63% Tmst. Hs
200
Bnrl. * Mo. R. In Neb.—
116
Exempt, 6s
109
190
Non exempt. 8s..
IIH.
111
Land grant, 7s..
110
California aunth.—lst, 6s.
65
28
Income, 8s
67's
85
85 "a
Consol. of Vermont 6s..
123 ,124
32
Eastern, Haws.- 6.. new
111'4
105
i. C. *t. ScottA Meu..6s
44 >a K. C. Fort Hcolt A *4.—7s iis'
ui'H
Kans. City Law.* So.- 6s
93
93 "a
K.C. Memph. A Hirm— 6s
Kan. Clt. Bt. Jo.AC. B.— 7s 120 Hi
K. City 8p'rt A Mem.—as 111
aoHi
111
K.C. Clint. * 8prliirf.-«s
108
831a Little R. A Ft. S.— 7h..
129
LonlsT.ET.&St.L.— 1st, 6s 103'*
56'«
74
2dmort., 2-6b
36
Mar. H. 4 Ont.— 1908, 8s, 101
96
..
100 "a'
1923,6s
85
85<i
75
Mexican Central—4s
18>« 19
46
income
123 <«
N y.* N. Kng,-lst, 7i.. 123 114
Istmort., es....
108
134
2d mort.. 6s
Ogdena. * L.C.—Cons., 6* 100
97 « 98
13>4 Ratland— 6fl
93 H»
tioathem Kansas 6s.....
118
Atch.
<6
r'laln,
ROt4TOI«.
BAILROAD PTOCKS.t
Atobison A Tot eka
Huston dt Albany
BMtoD <fe Lowell
Boston A Maine
Boston A Provldeni e
Boston Rev. B. 4 Lynn..
63h
108
165
186
247
Oallfornla Honthem
"27'i
Central of Massaohnsetts
16 Hi
Preferred
Cheshire, pref
Ohio. Bnrl. A North'n
Chicago & West Mich...
OteTeland A Canton
Preferred.
Concord
Connecticut
Eastern
30 "a
{
!
A
9
28
i'lo'
821.
Pere Marqnette.
.
I
9
16
Kancheeter A Lawrence
Mexican central
H.T. A N. Eng.. pr«l
Northern
Norwich A Worcester....
Ogdensb. A I4ike Cham..
115
Oldt'olonT
173
PorUand »8co
A
Bnmmlt Brauoh
13
1~
.......
38
BONDS.
t
Income 68
174
Topelca— lst.Ts.
120
I
{
I
Unlisted Secnrltleg.—QuotatiODB from both Eiohanawt
SECURITIES.
SECURITIES.
46
Pennsylvania
Elmlra A WilHamnport..
66
45
68
89'4
Last srlca this week.
Preferred
Am. Bank Note Co
27
104
30
90
120
lat. 7a, 1907
Biooklyn KleT'd—stock.. 37
95
123
A Pike's P'k, lat 6s
* Char. Air Line
Atoh.
Atl.
Brunswick Co
California Paclflo
lat roo't., 4^8
2d mort.. guar
Atl.— Ben.,
Chic.
Chio. Oas Tmst
42
68>s
"a
107
106
9
12
10
110
109
Mexican National
tr. reo.
81a
9<a
44
1st mortgage, tr. ree
46
New 1st 6s
100
«6
2d series A. 68
68
.,
33
2d Kenes B. Oa
Doa.A Kuat Sh. Ld.Oo. 3-00 3-13
1
N. J. (Southern
Newp. N. A Miss. Val.... 12M ll"N.V. V.'.S.A Bttff
M
ML
41**
N. Y. A Green'd Lake, let 37
10
10
2d mort
7
38 «B
50
N.Y. Loan * Impr
40
Coi.tinenUl Con. A Imp.. 35
Toi
94
Mutual
N.
Y
7
Dnl. S. 8hore A At.— stk.
5
North Kiv.vjons. Co.sorlp.
6>a
22
Pref
,
Ocean steam. Co., 1st saar. 10t>a 104
20
Fla.R'y* Nav.Co..consoL
ft AtlaaUe
6
7
Psnsacola
so
Flint A Pere Marquette.
>•
>•
ail
K>-ait..
a<a.
pd.
69
70
i(i" ( Phil, .t
14
Stock
'jeorgta Pao
41
lOSh 109 la Postal lelegr .ph-CabM.
IstBs
*
tr.
reo.
38-^
—
3dB. ..
........ .......
Consol. 6s ..........
Income
5s...- .........
Jar( i~.( :ouxlin,M.. Deb.6a
Kanawha a omo......
—
lat pref
l>HIL.AUKt,PMIA.
10>, RAILROAD STOCKS.)
18
Bell's Gap
39
Casnden .V Atlantic. pref.
Eaflt
Poll.
89
90
89 Hi
40
....
WIscon. Cent. -1st M., Ss
Preferred
Troet. 5«
Per abare.
—
Texas Division— 6s.
Incomes
Forts... J125
9*2
i
Wisouusln eel, cral
*
I
I
Preferred
Kan. c. Kt. Scott * Mem .
K. c. Memph. A Blrm ..
LouLlvUle Kvans. A St L.
Preferred
Maine C"ntnil
Ateh.
,
I
'73>«
I
,
—
I
<& Pass
....
Preferred
Fltohbnrg, pref
Flint
"si"
I
I
I.
3d pref
IstBs
Keely Motor
Kln«st'n * Pemb., 1st
Lehlgii
L.
.«
w UKi*
N. A.AC.-C.A
3f
'loal.
51
78
'26
HH
3
9
70
105*
I.DlT.,«e 103
Mex. Nat. Cons tmot'B Co.
37
79
27
103
Rich. York KIT. AChaa..
A Wloh.,oert
lO"
Bt. L. ft. s.
8t.LoalsA Chioagu
If
fref
I
St. PanI B.A«r.Tr..tatM
tclo'.o Valley. 1st, 7* ...!
3d, 7s
Waat...
31
96
—
stoak. prat
w Car.
W««
A
Manaiac— let.
Toledo Peorta
viokso. A
Id mart.
40
10*
98
75
47
4
"na.i
THE CHRONICLE.
49(5
Latest Earnings Reported.
Jan. 1
Weekor Mo
1888.
1887.
K.aFt.8.&Mem.
Kan. C. CI. &Sp.
K. C.Wy.&N. W.
Kentucky Cent
Keokuk & West
Klngst'n <fe Pem.
Knoxv. & Ohio
Lake E. & West
The Investors' Stjpplemekt, a pamphlet of 132 pages,
wntains extended tables of the Funded Debt of /States and Lehigh * Hud
Cities and of the Stocks and Bonds of Railroads and other Leh &WilB.Coal
L. Rock & Mem
Companies. It is published on the last Saturday of every Long Island
ether month-^oiz., January, March, May, July, Septem- La. & Mo. Eiv...
Louls.Ey. &St.i..
ber and November, and is furnished without extra charge Loulsv.&Nashv.
Lou.N.A.&Cluc.
Extra copies Louisv.N.O. &T.
to all regular subscribers of the Chbonicle.
.
.
subscribers of the Cheonic!lk at 50 cents each,
f 1 per copy.
to
to others at
1st
1st
wk Oct.
wk Oct.
August
74.068
4,906
29.210
101.322
14,350
4.789
39,916
51.521
22.785
979,866
14,985
70,435
39,707
21,824
327,630
50,301
54,194
75.305
...
Sept'mber
2
wks
Oct.
3d wk Oct.
August ...
3d
wk
Oct.
Sept'iui)er.
Scpt'mler
2d wk Oct.
2d wk Oct.
July.. ..
2d
3d
3d
2d
Lykens Valley.
wk
wk
wk
wk
Oct.
Oct.
Oct.
Oct.
ept'mbcr.
Mar.Col.& Nor'n Sept'uiber.
Memphis &Chas. 2d wk
7,611
31,82>
96.443
9,807
1,033
137,122
37,054
68,441
25.180
120,500
137,354
Oct.
3d wk Oct.
Gu;td'.i;iv;i Br.. 3d wk Oct.
San Luis Div 3d wk Oct.
•Mex. N. (alllns) Sept'mber
*MexicanRailwv Wk Oct. 6.
Mil.L.Sb.iWest 3d wk Oct.
•Mexican Cent
The General Quotations of Stocks and Bonds, occupying
tix pages of the Chronicle, are now published on the
tlitrd Saturday of each month.
RAILROAD EARNINGS.
Milwaukee & No. 3d wk Oct.
Mimieap.& St. L. Sept'mber
Mo Kan & Tex. 3d wk Oct.
BOAD8.
Week or Mo
Allegheny Val.. August
Atoh. T. & S. Fe. August
Atlanta & Cliar. August
1888.
185.713
103,930
26,305
75,334
B.iO.East.I.ines Sept'mber. 1,391,180
Western Lilies. Sept'mbcr. 410.394
."epi'mber. 1,801,574
Total
133.976
IBalt. & Potomac Sept'mber.
St'pt'mber.
67,768
Beecb Creek
Bnr.C.Eap.&No.
M
wk Oct.
4tbMk8ept
-
Central of 8. C.
Cent. Vermont.
Oharlest'n & Sav
Cheraw & Darl
Ches. &Ohio
Ches.O. &8. W..
Ches. A Lenoir..
Chic. (SiAtiautio.
Chic. Burl. &No.
Chic. Burl. &Q.
Chic. & East. 111.
Ohio. & Ind. Coal
Chic. Mil. &8t.P.
Chlo. &N'thw'n.
Chic. & Oh. Elv.
Ohlc.St.P.&K.C.
Chlc.St.P.M.&O.
Chic. & W. Mich.
Cln.Ind.8t.L.&C.
Cln.Jack. &Mac.
CUi.N. O.&T. P.
Ala. Gt. South
N. Orl. & N. E
Vloksb. & Mer.
Vlcis.Sh.&P.
ErlauKer Svst
Oln.Rich.&Ft.W.
Cln. Bel.&Mob..
Cln.
&
SpriDg'd.
Otn.Wa8h.&BaU.
(Xev.Aln-cu&Col
Clev.
&
Canton
Olev.Col.C.&Iud
Whole system
<31eT. & Marietta
Color. Midland..
& Cin. Mid
OoKHock.V.&T.
Senv. & Rio Ur
C!ol.
.
Denv.&R.O.W.
Dcn.S.P'k &Pac.
Det.BayC.&Alii.
Det.Lans'K&No.
DululhS.S.&Atl.
B.Tenn.Va.ifeGa.
BTans.& Ind'plie
Evans V. &T. H.
Fitcliburg
Flint & P. Marq.
.
.
Fla.R.&Nav.Co.
FtW.A Den. City
IWboIe syst'iu.
Georgia Pacillo
er. liap. &Iad...
Other lines
Grand Trunk
Gulf Col. &8.F«>.
Hous.&Tex.Cen.
.
.
Humest'n&Shen
Xll.Cen.(lll&8o)
CedarE.&Min.
Dub.A.Sioiix
('.
la. Falls &S.C.
Iowa lines
Total all
Ind. Dee. <5i West
lod. & St. Louis
Kaiiawba& Ohio
42,015
86,71 5
105,008
26,681
59,301
1,617.085
437,600
2,054,685
129.034
62,717
41,755
88,352
to
Latest Date.
1888.
1887.
1.327.664 1.302.592
9,827,142 12,127.912
819,«16
'85.962
248.739
234.707
2,192,829 2,045,000
85.414
4.912
167,318
15.8U1
4.6^6
42.123
49.130
17,694
8H2,740
24.781
750.4-5
216,732
158,470
317,123
1.711.684
185.653
7,527,017
513,460
183,758
6,277,497
6:0.828
67.1 7
2,826,'2""
2,6ii9.667
.
1,140,500
68B,3it7
1.512.522
1,943,169
1,063.906
534.841
1,700.0114
•
1
I
.
ite
Ist
wk Oct.
Col.
&
Gr. Div, 1st
West. N. C. Div '1st
W. O. & W.Div. Ist
wk Oct.
wk Oct.
wk Oct.
Asb.&Sp.Div.llstwkOct.
Total all
jlstwkOct.
Rich. & I'eters'g August
KomeW. &0g.., August...
11St.L.Alt.&T.H.l3d wk Aug
;2d wk Oct.
Branches
St.L.Ark.&Tex.!3d wk Oct.
St.L.ASuuFrau. 3d wk Oit.j
14S,9r0
37,400
26,850
16,200
37,400
3.300
2.575
252.525
20.459
353.362
45.893
22.630
82,556
143.600
163.182
805.000
26.657
62,647
46,346
135.646
292,378
l,6f 0,403
1,637,749
1,277,898
69,945
22,698
129,720
157.70.
186,169
242.948
270.118
2,268,021
2,683, 614
766, 399
1,071, 273
5.920, ,71»
2,397, ,698
1,763, 316
854.227
970,625
4,947,870
2,302.992
1.727.434
2,295.963
103,313
56,404
.
Va. Mid. Dlv.. If-twkOct.
C. C. & A. Dir. Ist wk Oct.
77ii.695
2.57,173
133,253
'
RiW.P.Ter.CoDanv.
Ricb.
3.580,132
195,096
55.927
245,326
328.216
20.424
732,931
782,260
345.975 12.840.810 12,591,415
49^07 1,811,455 1,815,302
CO.] 01 1,677,690 1,461,282
90.587
749.58
508,10»
49,012
6.611
63.695
46,287 1,179,626 1,270,760
100,007 4,461,508 3,711,869-
.
2,081.330
17,<i65
18.797
f 08.756
584,076
39,026
47.918 1,243,510 1,123.093
62.504
75,446
582,688
572 7^'^
286,000 277,000 10,204,483 8,73li469
27.560
28,637
231,«50
193.723
36,020
42,208
321,136
296,631
August
528.783 466.182 4,248,7i:l 3.597,2.-i9
•2d wk Oct.
36,809
33,163 1.061.935 1,011.124
August
1,369,315 1,187,827 8,381,613 7,518,718
July
1,385,438 1,229,537 8,695,502 7,116,926
August
7,519
6,489
65,685
53,21 u
3d wk Oct.
62,929
63,733
August
32,211
30,327
376,615
323,.5n4
5,4-27
August
5,981
47,767
44,240
'2a wk Oct.
81.885
91,633
Sept'mber.
169,215 187,046 1,425 240 1,366,679
August
6.703
6,003
51 018
41.721
3d wk Oct.
45,796
48,481 1,742 936 1,760,337
August
186,537 181,226 1,160,,146 1,613,351
August
2,273.702 2,382,103 14,113. 168 17,826,011
Jd wk Oct,
55.008
47,966 1.653, 200 1.582,625
3d wk Oct.
11,450
12,000
410, 225
326.397
3d wk Oct. 646,000 615,518 18,995, 500 19.284.170
Sept'mber. 2,714,274 2,853,641 18,636,.•-57 19,512,756
Sept'mber.
10,207
7,772
42,,755
51.766
Sepl'mber.
250,258 215,241 1.599,,404 1,123.928
August
605.50'
592,339 3,950,,104 4,140,826
Jd wk Oct.
29,386
30,658 1,103,,421 1,094,629
August
241,876 237,453 1,700,,571 1,737.564
12.7."i8
2d wk Oct.
11,593
410,,128
366.516
2d wk Oct.
72.399
73,061 2,811,,835 2,.'i67.564
2d wk Oct.
30.430
32,222 1,153,,517 1,160,650
2d wk Oct.
17,521
21,366
631,,319
493.235
2d wk Oct.
15,261
9,193
330,,313
392.377
2d wk Oct.
16,707
15.482
384.,552
401,881
2d wk Oct. 148,870 154,772 5,311,,536 5,015,707
2d wk Oct.
31R,,644
8,348
8,360
325,098
August
8,618
7,730
65,,856
61,223
3 wks Aug
78,971
71,443
730,,0t8
715. 04
2d wk Oct.
48,552 1,633,,099 l,697.9,'i2
45,896
1st wk Oct.
16,929
11,-U''
504,,731
42y,i;96
August
34,38'2
33,09?
249,,355
234.635
August
892.170 422.164 2.71'2,,799 2.846.-75
Sept'mber.
761,696 794,036 5,5(0,,337 5,- .50.485
Jd wk Oct.
6,179
7.0S4
213,,409
234,435
2d wk Oct.
27,737
1,014,,612
2d wk Oct.
8,518
"7ii02
287, 955
251,976
3d wk Oct.
64,398
66,637 2,418, 994 2,203,59!
3d wk Oct. 169,700 174,200 6,141,,891 6,240, 92
3d wk Oct.
31.200
30,200 1,039,,422
903,276
August
105.137 131,856
725, 553
852,030
Sept'iuber.
35(i, h34
33.34
43,509
366,372
u\ wk Oct.
24.899
22,700
813, 812
914,162
Sept'mber.
183.388 191, «08 1,074, 981 1,080,516
2d wk Oct. 122.501 129,961 4,300, 900 4,016,8,^3
3d wk Oct.
5.217
4.149
195, 698
189.1-U
3d wk Oct.
17,883
17,920
689 816
696.187
August
531,365 486,023
2(1 wk Oct.
43,921
51.144 1.887,,489 2,0"28'.684
Augu,st
58,717
64,153
674,,748
667.775
Ist wk Oct.
25,003
21,715
759,,790
607,6'27
St wk Oct.
49,453
4thwkScpt
52,595
34,710
913 526
8".'58.673
2d wk Oct.
41,701
47,487 1,767, 6071 1 ,869,1113
2d wk Ocr.
4.389
3.106
154 856
127,824
Wk. Oct.l3 424.525 423.445 14.198 591.51.263, .'533
July
280,117 219,321 1.478, 816
.289.177
IstwkOot.
97,350
91,447 1,836, ,171
,905,- 6
Sept'mber.
16.'j08
14,800
106; ,708
111.922
Sept'mber. 910,671 1,099.738 8,389, 036
62.310
Sept'mber.
10,62(1
9.781
71, 667
85. 73
Sejit'mber.
88,975
77.592
596. 653
591,591
Sept'mber.
69,061
0«,5O7
574, 233
487,8-0
Sejft'mber.
168.656 153.87!) 1,242. 553, 1,,165.346
Scjil'mber. 1,079,327 1,253,617 9,631, ,589' 9 .427.650
Sept'mlter.
39.763
38.674
269, 05
31 ,626
;M wk Aug
45,893
47.187 1.215, ,1801 1 .264.890
3d wk Oct.
5,403
5,686
222, 492
146.438
Cairo V. & Cliio Sd wk Oct.
OaL Southern... 2 wks Oct.
tCamden & Atl'c Sept'mber.
Canadian Facille 3d wk Oct.
Cp.F'r&Yad.Val Sept'mber.
Carolina Cent... August
Cen.RR.&Bg.Co.
Centrallowa
Centralof N. J..
Central PaciUc
S
192.725
l,31S,744 1,501,376
Atlanta&W.Ft.. August
Atlantic* Pac. 2d wk Oct.
Bnfl.Eoeb.& Pitt
1887.
Jan. 1
1887.
S
3.181.046
202.670
171,'26;t
lut &Gt.N'rtli 2 wks Oct.
& Ohio Sept'mber. 174,157
Nash. Ch.&St.L. Sept'mbcr
271,170
NatcluizJac.&C Si pt'mber.
New Brunswick. August
78,858
74 ,000
N.Y.Cen.&H.R. Sept'mber. 3,350.038 3,438 ,555 26.096,633
N.Y. L. E, & W. AU:;U8t.... 2,44u.7<>(j 2,411 .831 17.666.146
N.Y.Penn&Ohio July
554.526 512 ,073
N.Y.&NewEng. AUgTlSt
516.308 475 ,471 3.423.674
N. Y. A Northern 3d wk Oct.
11.063
11, ,60N.Y.Ont.&W... 3d wk Oct.
33.266
34 ,049
,384.539
N.Y.Sus.&W... Sept'mher. 130.445 131, 023
,•159.423
Norfolk & West
d wk Oct.
116.946 110, 592
.907,458
N'theastm (S.C.) August
34,730
32 ,3731
410. .8'
Northern Cent'l. Sept'mber. 56ti,'205 452,,632i 4 ,628,81''
Nortlicrn Pacillc :'d wk Oct.
509,073 391 89!'!l3 ,839,473
2d wk Ool. 100,427
Ohio A Miss
,999.984
99; ,742
2d w k Oct.
Ohio lilver
13,580
11, 506
369.086
Sepi'm er.
Ohio S(uitliem
48,009
52, ,881
401,730
Ohio Val. of Ky. 2d wk Oct.
2,723
2, 309
101,382
28 -,739
Omaha & St. L. Sept'mbcr.
37,920
36,.631
Oregon Imp. Co August
407,283 428 193
,318.901
56S,211 422 77*'
,8.-*4.1H3
Oreg. K.&N.Co. August
253,008 195 .6 i
,! 50,878
Oreg. Short Line .August
Pennsylvania. .. August
5,390,939 5,022, ,012
,071.549
Penu. Co
N'rthw'rii sys. July
1,374,417 1,518.121 9, ?35,630
S'thw'rn sys. TiUy
1,074,848 1,184,154 7,439,259
PeoriaDec.&Ev. 2(1 wk Oct.
15,788
16.783
296', 540
August. ..
27,5H8
Petersburg
31,621
August ..
476.845 381,051 2,815,48'
Pblla. AErie
Sept'mljer.
15,034.97.T
Kead'g.
.
Phila. &
1,932,783 1,968,612
Coal & Iron Co. Sept'iubcr 2,025.682 2.l35.<l81;13.426,-05
Tot.bothCo'a.. .V'iit'mber 3,958.46.5 4,103.693 28.461.T8U
Pitts. AWest'm. 3d wk Oct.
46,433
1.586.391
46,9
218,-89
P'rlKoyal&Autr. August
22,162
:5,!.95
•203,418
Pt.K'al.&W.Car. August...
24,987
15,3113
b0,93(i
Prcscott. & Ariz. Sept'mber.
10,137
6,»31"
•2,222
Rleh.&Allegh'y. August
64,719
65,6r
Moi>ile
Latest Earning) Reported.
Latest Palt..
1888.
9!
and
to
Roads.
%nvtstmtvit
are sold
XLVn.
[Vol.
146.400
LOO ^!S4i
46,218
36.600 1,398.156
65 -,974
26.850
433,428
17,400
494,273
36,600
3,6(i0
93,239
2..'>75
8.1,775
250.125
6,495.361
176.37
2,152,276
1.215,189
19.131
2.255 ,786
116, 33»
508,.722
26,275, ,79i>17,240 ,698
3,225.839
1,249,,971
998, 167
3.281, 083
345, 196
4.679, 189
10.465, ,S02
3.240, 748
278, 057
411, ,488
08, 970
309, 883
2,608, 988
3.11s. 06O
1,292, 337
36,047, ,106-
10.100.320
7,822,255-
238 198
2,632 428
16,003 ,531
13.639 ,282
•29.542 ,813
1,621 ,213
202, ,428
165,,628
66, 936
402 ,344
3.173.7ir
1,264,928
608.528
380.515
554,001
92,027
51,631
6.107,399152,231.
l,r2'.:,223
2,025,145
1,264,890
720.365
1,942.399
4,841.841
1,1»7,683
847.001P
6,513,371
5.599,397-
15,27>i
759,942
427,621
404,118
388,051
501,931
357,493
ShenaudoahVal Sci»t'iut>er.
93!305
628,562
80,000
76 -.292
86,726
South Carolina. August...
91,378
80. Pacillc Co.—
Gal.Uar.&S.A. Autust
305,072 280,064 !,425,965
911,493
606.914
Louia'a West.. August
82,4 81
Morgan's L&1. August
358,041 339,662 1,131,079
15,216
15,735
7 7.663
N. Y. T. & Mex. August
121.054
810.089
137,017
Tex. &N. Orl. August
905,-39 838.999 '.102.3 7
Atlan'c system August
3,'245,784 2.877,580' 22,.795,326
Pacillc system August
Total ol all.. August
4,151,623 3,716, 79:'29,,947,634
10,230
6,803
t.3.981
Spar. Un. &C0I. August
97,017
92,387
743,131
Stalenls.Kap.Ti Sept'mlter.
,0-9,955
Summit Urauch Seiit'iuber. 132,015 125,634
Scpl'uilicr.
242,86'
SutroTuunel
14,976
8,469
,823.0SO
Texas A Pacillc. 3d wk Oct. 102,850 158,981
Tol.A.A.&N.M'h 3d wk Oct.!
524.63
16,429
12.735
944,369
ToLAiObioCeut. 3d wk Oct.
29,795
25.32
690,690
Tol. P. A West.. '2d wk Oct.!
23,348
24.661
647,778
694,181
St.Paul&Dulutl] Sopt'mber.j
St.P.Min.AMau. Sepi'mler.'
S.Ant.&Ar.Pass. 2d wk Oct.
/Vugust
SciotoValley
Seab'rd &Roan. August
Seattle L.S.A E Sept'mlter.
!
347.774
47,187
23.265
78,458
140,488
185,512
78,580
44,599
705 ,751
2.2.i4,l
1
4,481,470
12.851
2,090,461
534,900
2,579,060
107.798
807,920
6,120,155
17,960.421
24,080,577
42,930.
690,865
915.818
180,272
4,485,281
420.665
8.5.276
739,781
Tol.St-L. &K.C Sept'mber
60,Oi7
45,662
Uniou Pacillc ... August
2,587,350 2,536,r.9.M 18 ,6'J5,6o'6 18,637',863
462,406
Valley of Ohio.. Sept'mlter
492,2
58,692
57.37
Wab. Western... ;^d wk Oct. ]2J,515 146,45,5"7,690 5,166,333
,128.232 4/124.568
Wab., E. of Miss Augu^t ...
704.267 703,158
61,'i'
WestN.Y.&Pa. 3d wk Oct.
,i4t..907 2,236,826
60.1)00
•283.112
Western of Ala. August ...
33.957
284,023
27.793
Sept'mher
(West Jersey
140,8 16
13.),6< 8
211,767 1,167,152
397.-'
217.178
39,21rW.V.Cen.&Pitts AugU t
8
63,870
588,124
Wheeling ckL.E. 3d wk Oct.
14 57.
700,014
18.949
4-.i2.i'63
443,7'27
WU. Col. & Aug .August
46.586
49.221
18 8.1
2.971 292
aWisconsiii Ceu. 3d Wk Oct.
88.3 12
81, 6' 8
5
t
And branches.
*
Mexican currency
Includes whole system from Fort Worth to Denver, but notearalngft
'
onjoinc track— Pueblo to Trinidad.
U Including Indianapolis
& St.
Louts.
a
All linos incliided.
October
37, 1888.
THE (^HRONICLR
|
Latest 4}r»8s Earnings br Weeks.—The latpst weekly
earninsfs in the foregoing table are separately aummeil op
as follows.
For the third week of 0.'-tober there is a gain of 8-90 per
cent on the 86 roads which Iiave thus far reported. Ajs in
previous week^ the Northern Pacific contributes a large pro]^>rtton of the Kain shown.
497
^
3rf
1«87.
Roadt.
Total both Cos
.
Dee.
to fl«pt. 30,
1
lOmonths
1888.
1887.
Ineretue,
•
.
,'.SI|
Tenn. Coal A Iron tro.Net.
Wash. Ohio A West.. Gross.
.
Oct.
to Sept. 30,
1
1
1^,500
32,700
14.3HI
0,672
15,0:i8
140,856
3H,8MO
135,808
50,025
..
7,U5
Gross.
12 months
Net...
Wort Jersey A brt.. .Orofs.
Canaillitii I'hcIho
Ci^ntral Veniioiit
CliloaKoA Atlaiitlo
A
Otitoairo
Coal
lull.
CUIcairo Mil. A St. I'auL..
Col. U. Val ATdloilo
Ktinawlia
A Ohio
A Pembroke
A Weotcrti
81,668
3,646,588
3,509,060
11,063
33,266
116.916
Northern Pacltlo
PittsljurK A Western
50!).073
46.433
Texas...
82,5.'i6
Fran
143.600
162.350
A Pacltlo
Tolpilo A. A. A Vo. Mloh..
Texas
Toledo
A
Ohio Central
Wabash Western
Western N. Y. A Penn
Wheeling A Lake Ene
WlaooQslu Central
16.42fl
—
2K.795
123.515
...
Total (36 mads)...
Ket Increase (3-90 P-c.)
.'Ot)
18,949
88,312
2.'S.180
137 354
AWeatem
A
30.
6').900
17.888
5,403
4,789
51.521
327.610
60,301
9«,443
69,441
..
LonlBvllir ANa^hvllle....
N Alli. A CUlo.
A
277,000
63.733
48,481
11.450
615.518
6K,«37
174.200
22.700
4,140
17,920
5,686
4,«96
49.130
345,975
40,207
100.007
68,P45
22,698
157,701
11,605
34,049
110,592
301.899
46,977
78.458
140,488
15«,081
12,735
25.3J2
146.458
61,000
Mexican Central
Milwaukee L. 8h. A West.
Milwaukee A Xortliern...
Mlssoun Kun. A Texas ..
New York A VortUorn
Kew York Ont. A West...
et. Loul.i Ark.
8t. Louis
San
28«,000
62.020
45,796
12.000
016.000
5.'il7
Ix)Ul3Vlll
Norfolk
17,06.1
21.89!)
AT. H
Klni^flton
fi»ke Erie
41,75'
169,700
31.200
Detroit Laiis. A NortU
Evanavllle A Iiidlauap...
S
r,
61.3'>8
Denver A Klo (iriinde ...
Deover A R.bS ramie West.
Ey.nnarille
•
«
1S.7!)7
42.01
14.57.T
260
Net...
1,73
9,000
801
2,6Sa
."550
30,482
2,239
4,500
1,000
2,109
1,068
32
283
93
veek of Oetobtr.
Prer'ly report'd (40 roadsi
Central Iowa
Clilcaso A West Mich.
Cincinn.itlJack. A Mack.
Cln. N. O. A Toxas Pac...
Alabama Gt. Southern
New Orleans A N. E ...
Vleksburi? A Meridian..
Vlck.sburK Slirev. A Pac.
<;inciniiati Kich. A Ft. W.
Cln. Wiish. A. Bait
Cleveland A Marietta
Col. A Cm. Midland
Denver A Rio Gr. West...
EastTcnn. Va.
Flint A Pere Marquette.
Gfiind Ra]>ld8 AInd
AGa
Other lines
*Grand Truuk ot Canada,
A iJt.
luteruational
Ho...
Kanawha A Ohio
Keokuk A Western
Memphis A Charleston...
ML^.^oini Kan.
Ohio River
A
1888.
1887.
9
9
3,781,733
36,809
29,^86
12,758
72,399
30,430
21,366
9,193
15.482
8.360
45,896
6,170
8,518
29.125
122.501
43,921
44,701
4.389
424,525
91,026
5,23«
7,349
3,578.788
33.163
30.658
11,593
73.061
32.222
17,521
15,261
l!',345
"3,584
501
2,482
'26,347
Texas..
Alt.A T.H..hrancUeR
A Ar. Pass..
Tol. Peoria A Western
St. L.
Sau Antonio
Total (67 roads)
Net increase (320
*
31,»j29
48,287
1!^4,367
5,111.213
78,115
Decrease.
69,037
662
1,79J
'6,068
1,225
12
'2,656
855
1,416
7,160
7,223
2,78ti
1,223
1,080
8,679
207
552
11,458
12,482
2,074
635
2i>7,875
139,202
—The tables follow-
ing show tlie latest net earnings reported this week, the
returns for each road being published here as soon as received,
but not kept standing from week to week. The figures cover
the latest month and the totals from January 1, and also the
totals for the fiscal year on those companies whose fiscal year
does not correspond *ith the calendar year.
-September.
Jan. 1 to Sept. 30
,
Itondn.
Bait.
A Potomac
Gross.
Not...
Camden A. Vtl. A lirs. Gross.
Net...
Det.
Bav
C.
A Alp..
.Gross.
Net...
DuluthS.S. AAtlant.Gro-B.
$
$
133.976
55,019
75,446
15,105
33,347
11,097
183.388
63.059
970,«66
213,081
120.0.34
63,934
62,504
9,255
43,509
17,528
191,«08
104,830
832,710
170,081
Net...
St.
—
,
1888.
1887,
*
1,140.!>00
1,063,906
382.286
395,.->y8
.582,688
572,782
155,932
361,372
167,764
1,080,510
138,401
356,634
132,447
1,071,981
$
•
•
734,035 4,932,391
312,294 1,529,137
441,798 3,583,062
121,383 1,209,772
927.168
294,787
39,916
42.123
817,123
12,454 def. 2,545
131,582
79,763
31,0^2
3,990.001
795,950
78,859
74,000
556,404
23,090
27,158
154,467
42,370
4,967.741
2,010,269
3,2.")0,H6g
H38,»<2a
8i!6,013
270,556
2fi2,378
88,123
79,er>«
0.913
908,723
14e,3'4'4
eO,49S
Fanl Minneapolis t llanitoba Bailwar.
fFor the year ending June 80, 1888.^
transactions.
The exhibit is very gratifying, as the net earnings exceed
the previous year by over $1.175. 000, and after paying 6 per
cent on the stock and applying |750,000 to improvements and
renewal fund there was still a surplus baUn^e of $59^.928.
Freight rates are constantly decrensiaif, and have fallen off
from 2 '88 cents per ton per mile in 1881 to 1'30 cents in 1888.
The Montana extension is proving to be a valuable addition
to the property, and the managers feel that it was wisely built.
The earaings and expenses, the income acount. and condensed balance sheet, compiled in the usual complete form
for the Chroniclb, are shown below for four years:
OPER.tTIONS AND FI.SCAI. BESL'l.T.i'.
Miles oper. June 30.
Pass, carried (No)..
Pass. o«rled 1 m.
Av. rate p. pass. p.m.
.
^
1884-85.
1,471
1885-86.
1,509
1H86-87.
1,935
1887-88.
2,648
%
•
1,193,091
1,801,007
2.at2,271
2,281.331
47,480,095 58,451,511 68,807.712 73,849,169
2-94 ots.
2-21 et«.
2-46 cts.
1.674,266
1,379,004
1,734.210
2,069,42S
F'ght (tons) oar. 1 m. 395,592,105 374,985,532 450,932,489 559,796;0i3
1-3'i cti
Av.ratep.tonp.m..
l'52cts.
I'llcts.
l'30ota.
(I'us) carried.
Earningt—
$
Passi-nger
3,395,798
Fr»-lght
6,013.0,50
8
$
i?
1,473,413
5,587,284
823.262
1.4<*7,809
1
7,277,3S3
Mall,exprV,r'nU,Ao.
367,316
261,039
6,151,747
378,892
Tot. gross eam'fl..
Oper. exp. A taxes..
7,776,164
3,509.927
7,321,738
3.838,652
8.028,448
4,314,8tf5
9,561,905
4,669,987
Net earnings
4,266,237
45 13
3,483,081
52-43
3,713,553
83-74
1,891,918
56-68
P.c. of op.ex. to earn.
461,310
INCOME ACCOUNT.
1,213
13.
1887.
Ohio. ...Gross.
Net. . .
'ii',392
158,013
•.18»8.
JNet
Net
FrVht
50
4,952,600
45S,74S
The annual report of President J. J. Hil! will be found at
length on another page, giving all particulars of the year's
3,845
p. o) ..
For week ending October
A
Gross
544
4.3T4
6.644
24.561
1,167,153
>-Jan. I 10 Aug. Zl.-%
1888.
1887.
705,700
248,927
470,874
142,345
Jnly 1 to Aug. 31, ( Gross
2 months
JNet
MIssourlKan. A Tex.Gross
22.943
23,265
Net Earnings .Honthljto Latest Dates.
KnoxvlUe
>
July 1 to Aug, 31, {Gross
2 mouths
JNet
1,272
lft,27n
July 1 to Aug. 31.
New Brunswick. .....Gross.
1,165
H,5U6
2«.3-Ja
117,67,1
3h,h.5«
ANNUAL REPORTS.
7,901
141,-85
13.580
22.630
26,657
23,318
$
DsnTer;ARloGr»nde.(^)ross.
Net...
EastTfun. Va. AGa.Oross.
Not...
"sigoo
10,70'
1887.
HK,.16.1
Fe... Gross. 1,318,744 1,501 ,.376 9.827,142 12.127,013
Net...
448.533 688.279 2,917,060 &,.'>»!. 141
California Southern.. Gross.
116,6H4 1,132,000
109,999
05M,4.55
Net. ..
4,308
45,US9
258,438
422,331
4,098
H,112
3,869
3,694
4,473
271,982
3,646
>
Hn,m>5
22,040
120,261
26,615
1,241,707
461,280
8.
542
7c3
6,354
117,174
Increate.
8,348
48,552
7,034
7.102
29.079
129.961
51.144
47,487
3.166
423,445
99,705
5.445
Axid*.
Atoh. Top. A
1,094
In its complete form the .stutement for the second week of
October shows an increase of 3'3J per cent.
2<i
1888.
2 montlis
2,891
215,043
136,923
A uauit.
,
427 .30O
.'iO'.;.:)cio
j
BntTalo Ro<'li. A Plttaburjr.
Cairo Vlii. A Chio
•
Net...
J
Net
veek of Oclober.
1M7.
18D9.
%
OroM. 3,958.465 4,103.693 2».t«r7«oa« Vl5 ULt
-.
Net.
03 1,702 1,202,035 «
-'Vlk
» Gmse.
31
-.1
1884-85.
1886-87.
1885-86.
Recflplt—
Net earnings.
Rev.trom L'nd Dep't
Other receipts
9
9
4,266,237
131,292
66,231
8,483,034
350,114
171,118
3,713,553
Total Income
1,403,813
4,004,311
1,643,782
—
Distytirgemente
Interest on debt....
Dlvldemts
Rate of dividend....
Smklng fund
Imp't^
A
renewal
Tot. disburse'ts..
9
9
9
1,999,820
1,200,000
2,170,409
1,200,000
2,793,751
1,200,000
131,292
6
350,111
6
115,782
600,000
6
371.938
750,000
3,411,493
1,052,321
3,519,931
154,380
1,386,191
257,591
5,015,889
6>a
1881-85.
1885-86.
FISC.tl.
Bills alKllUT.OUDtS..
Materlaip. fuel.
Reserve fund
Ac
50,629,180 52,130,398
201,0.53
275,«53
277,301
428,995
744.392
610,374
3,343,3(7
3,414,639
931,419
S 31.400
21,972
28,254
&98,02«
YEAK.
1*86-87.
$
Cash on hand.
1 n vestments
150.7S9
5,611,615
9
Auelt—
ei|"t.Ao.*
1,891,918
271.938
1,980.200
1.300,000
GBNERAL BALANCE AT CLOSE OP EACH
RR.. bidgs,
9
415,732
511,447
td.
Balance, surplus
1887-88.
*
62,894,047
510,108
2.040,^82
2,1' 9,300
3,487,758
1887-38.
9
72,283,913
835.965
1.477.203
1.945.820
7,046.574
5?,.532
Hlscellaneons
6,277,197
83,58».Mft
71,161,025
57,623,911
Total
assets
56,452,513
882.773
Net...
1,470,107
LiabUitiet
116.339 Bto.k
Nstchnz Jack. A Col. Gross
103,313
20,000.000 20.000.000 2 '',000,000 30,000,000
19,765 Fu'ideddebt
Nit
16,605
32,436,000 32,3d6,000 43,'.8l",9"7 51,177.000
1.106,944
566,205 152.632 4,62H.«97 4,679,1X9 Subs. 5 1'. 0, ^onds..
Gross.
Northern Central
3,869,347
2,811.2-JO
5h'8,780
1,061,920
17!<,125
Not...
61,786 l,tSt!,321 1,725,105 Bills pa.v-rnlls, to..
8«'',226
529,464
538,687
490,280
Blnk.fd.
other
acst.
A
Gross. 1,932,783 1,968,612 15,031.975 16,003,531
Phila. A Reading
797.7«8
887.866
7«0.346
604,'<65
Not...
975,221 1,0-^5,624 rt.SS3.-<0!» 8.:ii).->,.->r,2 Coupons
1,0.'3.946
1,013,039
6'<9,660
689,662
R-new
Impt.
fund
A
16,7.50,631 17,.">S(),L' 1
Dec. 1 to Sept 30, 1 (Jross,
g,3-«..t39
V,97331»
2,11 7,295
I,66'2.017
lOmonths
7,977,110 «.973,iU ProHt and loos
5 Set...
66,452,513 .57.5-j3.9ll 7l,lol.tj-Jo 8S.5S».1»»
Total llabUlttes.
Gross. 2,025,682 2,135,081 13,126,805 13,539 282
Co-il A Iron Co
"Ifhese amoants are made after deducting bonds redMmed, the toMI
Net ..dof.10,520 207,311
107.625
863,493
Dec. 1 to Sept. 30, > Onss
15,000.2 i7 14,881.806 Of which to June 30, I8-H, was $3,309,000.
841,843' t Including accrued Interett not dnr.,
lOmonths
JNot
.^|01,122
N.t...
Lehigh A WUkes. Coal. Gross.
7,.527,017
—
.
THE CHRONICLE.
498
Union
Faciflc.
(For the half-year ending Jane 30, 1888J
At the Unioi Pacific directors' meeting held in Boston, Mr.
Williatn H. Holcomb was chosen a director, vice Mr. Colfir*te
Hoyt, resigned. Subsequently Mr. Holcomb was chosen VicePresident, to succeed the late Toomas J. Potter as chief
Th Presid «n^,
executive officer of the Unio Pacific system.
stated that no chang s in the organization of Unim Pdcifio
were contemplated. Question of advancing money on the
<
i
part of the Uniin Panitic to meet th'i coupons of the Denver
Soui h Park & Panfio Is's maturing on November 1 was coa
sidered, and without final action referred to the Executive
Committee of the company with full powi-rs. The question
of paying a dividend was not raised, nor was there any discussion as to tbe resumption of dividends by the conipacy
either cow or hereafter; the matter was in noway alluded to
The full ftatement of the company for the hilf-jear will be
found under ihe head of ''Reporis and Documents," giving
detailed information as to the earnings, finances, &c., and ao
abstract of the comparative income for the two half-years
is given below ; and as to the fixed charges of all sort-", including interest on bonds of operated roads, it is worthy of
some notice that they were $71,851 less in tbe first half
of* 1888 than in the same period of 188 '.
ChiCHgo 8t. Lonis & Pittsburg:.
(For the year eniing June 80, 1888/
The regular fiscal year of this company (the former C. C. &
I. C.) ends with December, and the report for 1887 was published in thg Chronicle, V. 46, p. 53'5. A later report tor the
year ending June 3) has niw been obtained by the Chronicle,
and the figures are given below ia comparison witn the year
ending June 30, 1887.
.
EAENIN08, OPEKATINQ EXPENSES, ETC., FOR TEARS ENDING JUNE 30.
—
Eirnings
Six Months
1888.
1887.
$13,19 ,580 $13.021,8 '2
.
Earnings, entire system
Total expenses and taxes
Burplus earnings
Income frum investments
side of the
Proceeds
9,078,194
8,876,309
aoi.881
$1,115,385
$l,li5,5b2
$269,80J
3G3,9J3
316,116
17,877
laud
miscellaneous
14,091 Dec. 2,126
It.O 4 Dee. 15,014
10, ilO Dec. 10,1 10
11,968
sales
From trustees
itc
i
K. P. con. mortg.
Total Income
$4,791,317
$1,'01,217
&
Earnings from the transportation of passengers and miscelinci eased $64, C9i), but ihe re eipts from the
transportation of freight fell off $107,771. The loss comes
chiefly from the demoralization in rates on Wf stern traffic.
The compel ition has been so active that much of the freight
has been carried at less than the c st of transportation.
The expens s are greater by $9S,320 than last year, with a
little smaller mil. age.
The incr. ase is owing to grt ater cost
of operating, incident to a severe winter and very high taxes.
The total amount of taxes paid to the States of Massachusetts
and NewYorli, together with the sum paid to cities and
towns, is $588,315; equal to 2-94 per cent of the capital stock,
6'06 per cent of the total revenue and 10 per cent of the
operating expense.
Extensive and costly extraordinary repairs have also been
charged to the expense account. Slany iron bridges have
laneous sources
been strengthened at grr at cost.
The report says "No charge has been made to construction or equipment since 1877. All cars and engines which
have been built or purchastd since then, all improvements to
the permanent way, * * and betterments of every descrip
tion, have been charged to operating expenses.
It is hardly
pof sible that all the expenditures for the next few years can
:
be paid out of current receipts, for the company is likely to
be put to very great cost to pay its share of the expense of
separating the level crossing of highways."
The operations, earnings, &c., for four yearp, were as below
giTsa:
OPERATIONS AND FISCAL KESULTS.
Operattons—
1881-85.
1885-86.
1886 87.
188788
^
Passengers carried..
8,f<74,030
9.72«,907 10.715 345 10 9qi SfiH
Passenger niile8ge.l67,097,781 177,787.439 191,843,184 igj'lSs'ioS
"•^.^^o.^-o
Bate per pass p.
1-81 ets.
1-85 cte.
ISScw
Frelglit (tons) car'td
.S,446,413
.'<.506,4'6
3,674 589
S 7'2fi'iq"7
i'relgUt (touf) mll'ge.398,8ti2,058 390,464,378 406,030,750
4J5'2.5o'fi75
•'>"J"'«'o
Av. rate p ton p.m.. 094 cts.
110 cts.
lUOits
.
Eaniinus—
$
Passengers
$
«
'
3,071,263
3,765,929
3,294,003
4,299,0S3
800,790
7o5,',17
4 193,5«8
8261177
Total gross earns.
7,637,982
OperaliHy ixpensts—
Maun'ceof way,&c. 1,094,970
8,298,733
8,925,714
rre'gU
Mail, express, Ao...
Maiufce of eqtlipt
Transportation exp.
General
763,-33
3,310,797
121,576
Total (incl. taxes).
Ket earnings
5,293,678
2,314.306
.
3,H(i5.979
1, '66,226
I. '93
1,11?,1 2
1,38.'.'238
3,652 ')12
3,39t>,W91
134.< 96
&,8ro7«8
2,488,345
788
—
Opera'inu expetiset
Maintenance of way and structure
Maintenance of cars
Moivepower
Conductittg transportation
Taires
Salaries
Otlior general expenses
«
T8S2
664
",uj.i.,v,u»
1 1'iO
^^o
I'VlH^ ^
14,V'S98
3'<>76'o 6
l.^o;i95
6,373,636
2,552,108
6,471 957
2!4i0,707
1884-85.
188)-86.
1886-87.
Net earnings
2,341,306
2,l'i8,M5
2,532,108
2,410 707
phM
75,000
78,000
1,517,801
78,000
66',120
1,547,804
C62,<<0)
l,ii»9;565
78 OOO
662 q"o
],6oo;b0O
2,285,704
58,602
2,289,224
199,121
2,310,465
211,643
Interest on drtbt
Dividends, 8 perot.
Tot
dlsburfem'ta.
Balance, surplus ...
6fi2.900
$66^.321
511.282
$664,263
3S3.530
1,423,7!*
1,56 .704
170,303
1,328.851
73,
l,4.'i8.269
152,257
75,514
1,332
57
24,7i6
Total operatlns expenses ('7'21 p.o. of
earnings i.. 1S87-S and 75-48 in 18S6-7.).. $4,433
Note.irnin?s
Total rentals paid
374
$1,067,016
$1,.S02.^82
$1,321,4!S8
23,10J
21,224
Net income over exiwnses and rents
$1,279,075
RESOURCES OF THE YEAR.
$1,30?,231
1S87-S.
Cashon
liand
June30
Tjtals
$270.9il
(l>eglningof c ich year)
Net earnings for J ear endin-; June 30
In.rease of capital stock
Iriirease of fuuded debt
Other receipts, etc
1,30.;,332
..
1,590,'«04
$2,054,259
DISPOSITION OF RESOURCES.
$3,558,>37
If 87-8
.$99^,875
69^07
23,W0!'.
350.174
50,ou0
302,1^5
335.148
'ousti uelioii
K(i ulpuient
Other payments
Cash On hand June 30.
$2,051,259
Totals
2,050
338,798
1
S86-7.
$984,823-
21,224
l,697,t50
50,000
533,'t96
270.944
$3,558,637
& Baltimtre Railroad.
(For the year ending June 30, 188^.y
The regular fisca' year of this co npany ends with DecemCiuclunati Wasliiugton
the CllEONlCLE has obtaiied returns for the late
year ending with June 30, ai}d tlie figures f re xiven below ia
comparison with 1886-87. The net income for the lat^ year
shows an increa-e of $53,114 over its predecessor, which is a
very fair exhibit for this line, constituting virtually a part of
the B. & O. Si stem and subject to all the competition of a
trunk line.
EARNINGS, OPERATING EXPENSES, ETC, FOR YEARS ENDING J DNK 30.
ber, but
Earnings—
Passenger transDortatlou
Freuht
Total earnings
Operating exytnses
—
1886-7.
$5.i6,706
1887-i.
$375, "57
1,390.847
1,29j,082
95 .060
95.060
50,931
95,857
59,':62
$2,208,553
$2,100,202
$311,7)9
80.832
$316,153
71,494
370,139
52i,053
48,968
60,320
Mail service
Kxpressserviie....
Other eources
Maintenance 01 way and struoturts
Malnteuauee of cars
Motive power
Couduoting transporta.loa
Taxes
400,'»60
520,1 "2
49,130
58,901
55,5b1
Salaries
Other general expenses
89,692
23,478
Total operating expense-i (68'27 per cent of
earns. ial887-S, and 69-12 in 18a6-7).... $1,507,9 18 $1,151,810
$700,634
$648,592
Net earnings
85,'J8U
86,162
Eentalspaid
Netlncomeoraroperatingexeusesandrents.
RESOURCES OF THE
Neteamlngs
Interest aud dividends on
$615,511
$362,430
1887-8
$700,631
1886-7
$648,552
TBAit.
assets
Increase of funaed debt
Issue of capital stock
Sale of bonas and stocks
lu crease in doatiug debt.
-2,812
5,4*22
l6r.625
371,141
175,000
251,500
177,404
$1,01:0,010 *$l,3o4,081
Total
DISPOSITION OF RESOURCES.
Interest on funded debt
Keiitiiisof other roads
Added to railway and apparttrnances
Added lo new equipment
Reduction eoupuu iulerest lialauce
Heclucti'iiot asft^ssinentfunds
.Seillement of claims Uiiy of Cincinnati
Ken als of terminals. &u
Adj iKliueut of intercbt on floating debt
A(i'jii8tmei.t of U.
O. claims for advances....
&
Oiher payments
1887-88.
2,310,'JOO
18=6-7.
$30.1,427
1,321,158
40.154
328,000
112,17J
<
3 617 7S4
1 38'817
849.oi3
INCCME ACCOU.M.
Eentsls
$5,338,474
lo.l.SlO
Interest on funded debt
Kenta s of otlier roads.
lines
to make its report for the year endiig September 30, 1883, the
Baltimore
Ohio having been reported in the Chronicle last
week. The Boston
Albany makes a very fair showing as
compared with 1886-7. The loss in gro-ss rtoeipt.s wa^ only
$43,081; th- increase ia expenses, $98,820; and the bOance
cat ried to the credit of profit and loss for the year, $69,807.
m
$5,735,750
Mailservice
Kxpress service
Other sources
$290,099
Boston & Albany.
(For the year ending Sept. 30, 1888.y
The Boston & Albany is the SBCond o' the great trunk
&
120,511
1,086.640
223.465
Total e»mings
1886-7.
$1,070,142
3,957,141
176.483
98,3 i4
86.351
FreigUt.'
$-171, OSS
oiit^
system
Prints on investments,
Increase.
1887-^.
$1,I9'',6J7
Passenger transportation
CO.MrAHATIVE rNCOME.
,
[Vol. XLVII,
The
r.-port for
$534,'540
s.'ioO
5,000
53,055
1,200
14,
36
4,126
80.089
2Z9,027
190,000
81,162
42J',906
77,760
$1,08j,010 $1,426,473
Total
*
$693,175
1887 does not make the
totals balance, but gives
th©
Items as here stated.
Cleveland & Canton Railroad.
(For the year ending June 30, 1888.^
The annual report of Mr. H. A. Blood, President, ha^ just
been issued, and shows net earnings in the late &BoaX year of
'-»
i
October
27. is^s.
THE (HRONICLB.
i
499
The chiiigp ot rich in its avricultural and mineral renoarofs. M«Mra. S nilh,
be flnishe(l throughout during Oakman & Ryan, 81 Pmo Street, New York, who are ti« flwM
tlie foming November, and the total bondel debt of the Com- agents of the company, have prepared a oircuUir gliiog T«ry
pany will be Ff presented by the iaaue of $2,000,000 6 per cent full detaila concerning tlie pto|)erty.
bonds.
Mlssnnrl Paciflc— la the statement published in th*
ARNINOS AKD KXPEMBRS FOH TIIRIEE YF.ARK.
ClIRMNlc'LK of last week, on pajfn 473, showing th* innomi of
1880-7.
l>*87-8.
1885-C.
Sarningt—
ihm road for the full years ending with June 30 in iSftS and
$230,000
I'rel«lit
$17V833
'•
lax -b. renttU, Ao.,"
110,12»
lM.<i75 1887 there was an error in the item of
107,470
Faa«»DKor8
2t>..^78
26,053
:iO,887 in 1886-7.
It should have beea $2,536,44-'j, and tba correct
Mall. exi>r(>ss, &o
|I2I 075, SKainet |73,279 in Uie previous year.
expected
Btiyiila'd gHUite is
I'ntnl carnln(?8
Opoj'tttlDg exponaoa
t<>
and taxes
Ncteamliigs
$309,356
f370,007
24t),lf0
20li,72M
$60,170
$73,279
«385,3'a
2m me
$1:^4,075
i)
as follows:
1887-^8.
Oro!>s earnings
Operating expense*
Taxea, rvntuls. Interest,
Atehlson Topcka & Santa Fe.— The
circular isnued ti
a subsequent page in " Reports
188<W7.
$12,643,937
8,934,610
$I0,19a,AO4
6,166,070
$3,709,318
$1,007,536
Npteamlngii
GENERAL INVESTMENT NEWS.
stockholders will be found on
exhibit
dio.
3,.306,177
2,524,44.'i
$104,141
1,310,435
$l,48l,0«0
Surplus
BeeelptH other aoorcea
2,'<2-t,ll3
$1,714,576
$4,409 193
and Documents."
Dividend* paid
2,198,731
2,798JM»
Called Bonds.— The following bonds have been called for
def.
$lt»4,iu5 lurp. $1,010,840^
Bulanco for the year
paTmen' :
New Yoek LiKE Ebi? & Western Railroad.—Collateral
Philadelphia Ik Reading.— The grnes and net earninn for
trust 6 per cent bonds due Nov. 1, 1922, to be pa'd nt 110 per September, and for ten months of the fiscal years 1888-87 and
cent at the oflScepf theUnitrd Stntes Tiu8tCo.,49 Wall Street, 1887-88 have been ss below given. The net earoi'>K'< of both
New York City, Jan. 16, 1889, 649 bonds of $1,000 each, v z.: companies aggregated $934,702 in 8 ptember, 1888. against
82, ol, 43, 53, 57, CO, 61, 67, 71,78,88,92.95,102,103,104,106,
111, 119, 121, 130, 143, 144, 147,148,149,160,165,171,172,179,
180, 10(1, 192, 194, 213, 216, 218. 219, 2.34. 248, 2^0, 2.'>5, «59, 266,
286, 289, 313, 316, 317, 318, 310, 347, S.52, 35.^, 359. 360, 381, 384,
387, 38H. 413. 419, 441. 442. 445, 447, 457, 458, 461, 462, 46 i, 472,
492, 493, 503, 504, 515, 521,526,539.547.559,562,564,565,571,
572, 580, 686. 590. 624, 641, 615, 6H4, 6^5, 673, 694, 712, 714, 719,
724, 742, 743, 74'-, 753, 761, 762, 772, 776, 779, 792, 805, "iOT, 808,
810, 815, 828, 835, 838, 84 1, 8 i5, 846, 859. 86'', 866, 86-1, 87o, >.9 t,
905, 906, !08, 912, 927, 931, 941,944,948,050,953,954,957.906,
972, 980, 100), 1044, 1070, 1072, 1084, 1085, 108 , lOsIl, 1092, 1093,
1008. K'99, 1 00, 1117, 1118, 1133, 1164, 1177, 1178, 1179, 1180,
1181, 119-i, 1195, 1203, 1207, 1214, 1225, 1228. 1230, 1231, 1248,
1264, 1272, 1274, 1275, 1277, 1278, 1295, 1298, 1317, 1318, 1322,
1328, 1.336, 1366, 1369, 1370, 1374, 1375. 13-0, 1394, 139i, 1396,
1 U)'.'.
1405, 1408, 140s', 1415, 1419, 1423, 1428, 1441, 14^0, 14,54,
146(i. 1469, 1482, 14'*9, 1492, 15<14, 1516, 1518, l'^24, 1561, 1564,
]5i;8, 15i;9, 1578, 1614, 1615, 1622, 1625, 1027, 1647, 1648, 1«5.»,
1690, 1693, 1704, 1719, 1723, 1724, 1732, 1735, 1741, 1743, 1745,
1757, 1765, 1767, 1771, 1773, 1782, 17~7, 1795, 1797, 1815, 1820,
1842, 184S, 1854, 1«55, 1864, 1-76, 1878, 1888, 1894, 1^25, 1951,
1984. lOS-i, 1993, 1997, 2012, 20l;t, 2018, 2023. 2021, 20 5, 2033,
2030, 2037, 204 4, i;048, 2062, 2068, 2072. 2075, 2094, 2097, 2100,
2101, 2118. 2135. 2143. 2144, 2147, 2150, 2151, 2 54, 2157, 21' 1,
2165, 2166, 2174, 2182, 2188, 2211, 2218. 2222, 2226. 22S9, V292,
2301, 2311, 2313, 2318, 2321, 2329, 2365, 2374, 2391. 2392. 2395,
2398. 2419, 2424, 2430, 2445, 2151, 2474, 2480, 2498, 2508, 2512,
2514. 2534, 2.545, 2560, 2564, 2577, 2588, 2589. 2614. 2615. 2617,
2030, 2634, 2639, 2652, 2657, 2661, 2667, 2670, 2695. 2698, 2701,
2708, 2717, 2728, 2729, 2747, 2760, 2761, 2762, 2763, 2765, 2772,
2774. 2776, 2777, 2778, 2781, 2788, 2802, 2805, 281iJ, 2820, 2824,
2828, 2832, 2841, 2843, 2841, 2848, 2-54, 2802, 2807, 2878, 2882,
28S3, 2884, 2888, 2892, 2906, 2910, 2913, 2910, 2924, 2933, 2934,
2938, 2941, 2944, 2"47, 2951, 2958, 296>, 2982, 2984, 2987, 29:-3,
2998, :<004, 30S2, 3044, .'!048, 3049, 3050, 3052, 3057, 3058, 3066,
306", 3068, 3073, 3079, 3086, 3093, 3127, 3129. 3147, 3149, 3186,
3205, 3221, 3232, :i234, 3257, 3272, 3285, 3.90, 3291, 32.f2, 3293,
3318, 3319, 3320, 3321, 3343, 33t4, 3316, 3350. 3357, 3360, 3304,
3365, 3306, 3367, 3376, 3402, 3105, 3408, 3423, 3424, 3132, 34:U,
3446, 3450, 3456, 31».2, 3466, 3172, S487, 3492, 3506, 3512, 3528.
3563, 3504, 3565, 3568, 3575, 3577, 3.591, .3606, 3626, 3627, 3630,
3644, 3'4i, 36.50, .36.54, 3658, 3667, 3678, 3682, 3H94, 370S, 3718,
3723, 3735, 3736, 3772, 3 81, 3799, 3803. 3807, 3810, 3811, 3-'18,
3819. 3825, 3829, 3835, 3842, 3849, 3852. 3897, 3901, 3913, 3917,
3935, 3937, 3944. 3947, 3952, 3955, :<958, 3963. 3968. 3981, 3984,
8991, 4015, 4032, 4034, 4036, 4059, 40H0, 4064. 4066, 4068, 40 4.
4077, 41190, 4103, 4104, 4106, 4132, 4133, 4136, 4'40, 4145. 4148,
4154, 4166, 4169, 4171, 4176, 4178. 4183. 4194, 420H, 42 i7, 4223,
42-9, 4264, 4269, 4287, 4288, 4290, 43il, 4305, 4:i07, 4312, 433 •,
433;-f, 4:i37, 4341, 4347, 4352, 43.53, 4354, 4362, 4373, 4374, 4377,
4382, 4385, 4386, 4397, 4410, 4411, 4452, 4458, 4464, 447?, 4183,
4191, 4507, 4517, 4518, 4569, 4571, 4575, 4581, 4583, 4598, 4G40,
4641, 4645, 46.56, 4660, 4663, 4672, 4696, 4705, 47.'9, 4730, 4731,
4735, 4741, 4746, 4753, 4760, 4767, 4769, 4779, 4-81, 4791, 4792,
4«06, 4814. 4830, 4851, 4857, 4859, 4863, 48«7, 4869, 4870, 4372,
4973, 4878, 4879, 4?90, 4923, 4925, 4964, 4976, 4989, 4990.
i
Chicago Kansas H Nebraska.— Tne irack-laying on this
Pacifi:; was comauxiliary line of the Chicago R'jck I'<lani
pleted to Colorado Springs Oct. 12, brinftiag the road to the
Ro
foot of Pike's Peak. The connection with the Danver
Grande vsas made later, and freight trains will at once ha put
&
&
&
Norton, Kan. Passenger traffl; will
Ihe arrangements for the uae of the
Rio Grande tracks between Colorado Springs and
on between Denver
commence Nov.
11.
Denvt r &
Dtnver have been completed.
KnoxTille & Ohio.— The Eist Tennrs'ee Virginia & Georgia
Company has leased the Knoxville & Ohio Railroad, wDich ij
sixty-six miles long and runs from Knoxville norti to Jellico,
on the K> mucky border. The E^st Tenntssee guarantees ihe
interest on the Knoxville & Ohio six per cent bonds, which
aggregate $2,000,000.
Lehigh & WHkesbarre Coal Co.—The gross and net earnings for Sept., 1888 aud 1887 and for 9 months were as follows
:
Srpttmber.
1887.
1888.
$99,-06 $83-J,7«0
,
K
Gross pamlDKg
OperatlDg expenses
Net earnings
1«88
llxcd
itliarges
Ik.
662,659
$170,081
$1,470,107
$882,773
728,507
699,328
$183,445
has recently
$741,600
NetsurpUis.
m London
76n,782
$213,08-1
NinelConlhu.1887.
18-8.
$7,527,'a7 $6,277,497
5.394,721
6,056,910
for
sinking I und and int
Marietta
,
North Georgia.—This compiny
$1,000,000 of their 6 per cent first mo tg>ge
Ii is exfjecied to have the line completed thr.iu/h to
Knoxville. Tenn.. by Ju'y, 1889. At Knoxville connection
Louiswill be made with the Knoxville Cumberland Gap
ville, now b< ing constructed, and which is practically an
extension of the M.
N. G. R. R. The road traverses a r« gion
sold
bonds.
&
&
$1,262 935 in September, 1887; for tea months of 1-87-88 they
were $7,738,863, agains- $9,815,687 in in 1886 87:
RAILROAD COMPANY.
StpUmbtr.
.
1888.
.
1887.
$1.1-32.783 $1,968,612
Oross earnings
957,562
912,988
Operating exiienses
$}75,221
Net earnings...
COAL
.
ft
..df.
$1,055,624
September.
1888.
1887.
$40,520
.
9,073,189
8,606.399
$7,677,432
$8,973,844
IRON COMPANY.
.
$2,025,682 $2,135,081
Oross earnings
1,027,77J
Operating expenses ^,066,202
Not earnings
Vtt. 1 10 Sep' 30.
r
1887-88.
188e-87.
$16,7.50,621 $17,.580,243
$207,311
Dfe 1 lo Sep'. 30.—
1886-87.
1887-88.
$15,000,200 $14,881.80>
11,039.962
14.938.784
.
$61,422
$841,813
Richmond & West Point Terminal—Central GeorgiaOne of the most important negotiations of tne yeir h w just
been completed, by which the Term'nal C impany obtains full
control of the great system of the Central Railroid and B inking Co. of Georgia, commonly known as th-< Central Georgia.
Last week we recorded the flaal execution of the asreem^nt
by which the E ist Tennessee system was leaded to Richm )nd
Dmville, and thus went under the permanent control of
West Point Terroinil, and now the Central
the Richmond
Georgi i pass 'S to the same company, giving it great power as
an arbiter of business between the Mississippi River and the
Atlt'ntic O^an, since the Georgia Paciflc has al8> been leaaed
to the same company.
In regard to this important negotiation, the circumstances
That
in connection therewith are substa-itially as follows
about two years ago Mr. H. B. HoUins, Mr. D miston, of Philadelphia, and Mr. Lehman, of thi-' city, and their associates,
purchased $4,000 030 out of $7,500,000 Georgia Central Rail-
&
&
:
They then concluded to form a company similar to the Richmond Terminal Company by obtaining
in North C-<rolina a charter for a corporation t j be called the
Georgia Company. This company was auth'triz-nl to iseae
road Comp-iuy's stock.
$16,000,000 ot stock, but in faot it issued only $12,000,000,
which was held by H, B. Hollins an-1 his pa ty for tha
$4 000,003 of Georgia Cmtral stock transferrer! to it.
This ompany in addition issued $». 000.000 in collateral
trust bonds. bas?d upon the $4,000,000 G eor<ia Central stock,
Thia
which had been placed in trust »8 the security.
$4,000,000 of bonds was marketed by Bi'Imout & Co. The
Georgia Company stockhoMers also paid an asaes-ament of
It IS the $12,000,000 stock of this Georgia Com$400,000.
pany, which has been purchased by the Richmoni Tenninal
Company, nominally at 35, but the cish in the G<?orgia Company's treasury, equivalent to a dividend of 4 per cent on the
The Terminal
Stock, will reduce the net cost t3 about 31.
receives, of course, the $4,000,000 of Georgia C«Qtral stock
and thus obtains control.
The Terminal Company will make an issue of $10 000,000 of
6 per cent colUteral trust bonds, which will be used to retire
the pres-snt collateral tru t i^^sue and provide for the paymeat
of the G orgia Companv stock. Tne c >mpany has no intention of eliminating the Georgia Compiny, and do-s not, therefore, need to release its Georgia Cintr<il stock held in trust."
Banking Co. of Georgia owna, lease*
The Central Railroad
and controls a mileage of 1,200 miles, and receives part of the
net results from otlier companies owi ing 1.100 miles more. It
&
line running between Savannah and
York, with extensiiie wharf and warehouse property.
The bist sateinent of the Georgia Centril for thi len months
ending June 30, 1888, showed that it earned asu pimof $239,051, after paying a dividend of 8 per cent on the stock. The
report was in the Curonicle of Sept 8, p. 2*5, and mapaol
each system will be found in the Investobs' Supplkment. The
Richmond Terminal is in control of the lar^-st railroad system between the Atlantic oast and the Mississippi R'Wf
owns an ocean steamship
New
will make the other lines in that lerriuiry less likely
effectto break up rates, and will contribute greatly to «ard»
ing complete hirmony throughout that Siction.
which
—A
list
of special stocks
and bonds
for'aa'o
"''
"'nted
will
be found in the column jus t preceding "Bankers' Oag^tte.
t^ For other railroad netct $ee pagt 400.
THE CHKONirLF.
600
36VtivtB
atijff
[vou xLvn.
^ocnmtuts.
THE UNION PACIFIC RAILWAY COMPANY.
EEPOKT FOE THE HALf-YEAE ENDING JUNE
30, 1888.
Boston, October
To
the Directors of the
Gentlemen
The
:
corresponding period of
Union Pacific Railway Company, Boston, Mass.
24, 1888.
:
financial outcome of the first six months of the current year to
1887, is shown in the following table
June
30, 1888, as
compared with the
:
Six UTontha, 1388.
Six months, 1887.
$13,493,580 12
$13,021,892 01
$471,688 11
$8,526,194 52
552,000 00
$8,338,919 81
537,380 00
$187,274 71
i4,iao 00
$201,884 71
Decretae.
Inereasf.
INCOME.
Taxes, entire system
$9,078,194 52
$8,876,309 81
$4,415,385 60
$4,145,582 20
$363,993 74
11,968 06
$316,116 09
14,094 72
15,044 59
10,410 00
$4,791,347 40
$4,503,247 60
49
07
00
00
97
$2,603,768 03
$269,803 40
'
PTOfits oil investiuonts,
premiums
etc
.
.
Total income
$47,877" 65
'
$2,126 66
15,014 59
10,410 00
$290,099 89
EXPENDITURES.
Discount and
intei'cf^t,
premiums, etc
.
$2,546,686
92,032
340,285
675,215
18.805
27,150
.......
.
Interest on bonds of operated roHds
.........
taxes and land expenses, Union Division...
....
Land
Total
8urphi8 income
The balance-sheet of June
pany's
last fiscal year, is
857,081 54
18,838 35
110,'<70 42
332,720
6G5,t00
24,2^0
34,816
v.2
00
00
35
95
$7,565 00
9,615 00
5,444 38
7,666 73
$71,851 CO
$3,700,174 75
$3,772,025 75
$1,0» 1,172 65
347.000 00
$729,221 85
335,856 23
$361,950 80
11,143 77
$744,172 65
$393,365 62
$ 50,807 03
a8"compared with the balance sheet of December
herewith submitted
80, 1888,
31, 1887,
the close of the com-
:
6 months
December 31, 1887.
$60,868,500 00
LIABILITIES.
June
Capital stock
Funded debt
Zees amounts held in the Kansas Pacitlo con-
$86,979,805 OOj
6,799,150 OOi
$40,142,851 74
23,779,107 15
$87,368,805 00
Less deficit of United States requirements as
compared with accrued interest on U. 6.
bonds Feb. 1, 188C, to date
$229,118 22
14,130 15
3,433 80
$21,432,018 01
4,496,5.=)3 78
24,181,350 23
965,610 02
340,285 00
882,090 59
$50,109,922 02
$2,187,985 61
4,108,003 67
44,281,706 16
467,773 42
46,001,918 35 $1,720,212 19
$235,961,586 89
$238,401,481 25 $2,439,894 30
ASSETS.
$155,071,529 44
Cost of road and fixtures
$155,077,529 44
Construction expenditures since consolidatlon
3,291,330 08
Equipment expenditures since con'soiida'tion!
4,125,206 73
Omaha Bridge imiirovement
844,23106
3,205,015 73
3,402,611 39
843,246 30
$162,522,402 86
INVKSTMEKTS—
Bonds and Stocks
$39,697,250 76
Pfules
.Stocks of steamshii)," "coaVaiid
other companies, and county boi ds
of railroad and other companies held In the Kansas Pucitlc oousoUdated mortKage trust
Miscellaneous investments
Advances to Auxiliary companies'payabie'lu
bonds and stocks
4,570,428 13
$,50,779,937 66
401,689 11
759,042 69
56,372 04
67,117 44
796 22
1,632,104 >-2
19,742,124 05
Cash and cash resources, balance of
Bonds and funds held hi Denver extension
sinking fund
Milking fund lor beneflt 'of'credito' Vol" the
Kan.sas Pacific Railway Co
Coilateraltrust sinking funds...
Balance in hand of Trustee, Union' PaoYflo
sinking fund mortgage
Fuel, material and stores on hand
Land contracts, land cash, &c..
'
I$235, 961,586 89
i^^tVelaTln^'afreUnTtU s^^^^^^^^
89,315 2
34
984 70
722,59.-1
$163,341,208 21
Bonds and Stocks
3,217,250 00
751,098 02
$6,000 00
$818,895 35
of other railroad com-
Bonds and
2,543,910 75
forth
$473,000 00
1,006,185 36
,77,067 14
16,592,862 51
14,130 If
730,903 21
Floating debt
Interest accrued not yet due
.$47,921,936 41
3,640,230 25
$84,000 09
$41,149,037 10
24.5.^6,174 59
company
INCOMK ACCOTNTS
General income
Income used for sinking funds.
Land and trust income
$20,466,407 99
4,156.268 78
23,2911,259 64
$389,000 00
80,653,655 00
33,539,512 00
16,363,744 29
727,469 44
Decrease,
6,715,150 00
United States 6 per cent currency bonds.
Iiitertst on Un ted States bonds
Lest amounts repaid by the
June 30, 1888.
to
Increase.
$60,868,500 00
solidated mortgage trust
80,180.655 00
33,539,512 00
30, 1888.
39,167,975 47
$829,275 29
2,527,410 75
16,500 00
3,217.250 00
835,756 61
84,658 59
815,711 74
5,386,139 87
$51,134,532 70
$354,595 04
859,272 69
100,230 00
782,^88 29
67,007 30
720,616 25
$401,689 11
1,730,599 05
20,477,783 01
i$238.401,481
^'^'^
'' '"^^ «^'« "^
11014
797 22
^^"^^P-^' «-«^'
-
$2,439,894
P«—
increase of
is follows:
r^Pr^f ntslhe--cost-of $-5070Q5Tt;hrNo;ih;rn l<iTpr^ZTZt
the'Jr/^'^^
^"'''V
the
general msurance
fund of the system. This fund amounts to |139 663 70
2
106,494 23
733,ti58 9
i
3(.
-' '^^
"Advances
P^^-^ -*
to Auxiliary
fivfperV"nt\T.d'I'boThtX
""'^^'"^ ^^'^
^
'
*° ^^^ Construction of the line between PlainviUe
»m\'i^"^'''"^^.°^Pk^''''''"',",T^^""^'1"«
andColbrbSh'TnT^an^irnTf
^oiDy, Dotu
Kansas, an<i will
be represented by available assets.
^«t*'^"^.he'l ^"^
"l" benefit of the mortgage creditors of the Kansas Pacific Railway
Compiiy Tdu^1o1hP^.P^i'.^'nf
v^ompany,
is due to the action of the
fh"."*^'
company in depositing,
during the half-year in question, with the
m
American Loan
&
OCTOBBK
THE CHRONICLE.
«7, 1888. J
601
Trust Comp»«y as trustee for such creilitorg, securities of tiie psr value of |893,000, charged to the fund at actual cant u,
the company.
The aamial report of the company, aubrnitti'd by the board of diio'tors to the iitockholdi-rs In April nho"
>
bills payable outstanilinK on the ;(lst of Decomlx-r last to iho ain^miit of |y, iS'S.OOO.
la oxplaiialion, It vran at'ato'l
represt^ted
money spent in construction of branch and connf ctinx roads, the seciirititH of which the coiapanv hki not
notes
'j»f j
up to that time been able to nPKOtiate, for reasons stated in the report.
.......
r
funds
now
I
has,
.
__^__
.
^
„ „..^ i^o.
^
Tided to pay fur a large amount of new equipment recently orderei, a portion only of vrhuh has as yet Veendeiivcred'
The cocnpany hiis no work of construction now- goinn on. The extension of the Sallna Linciln & Western Itoad to
Colby, about 175 miles, was completed on the 20th iiiit. The money needed to pay for this work has been provided and i*
now
'
in hand.
Durmg
the four years between June 30th, 1881, and June 30th, 1888, surplus income of the system to the amount
of
$13,560 0(K) has tieon put into the property. It is represented to a certain extent by the new bridge at Omaha by a poriion of
ah
Northern Road, by 600 miles of new branch and coantcUng line*
the outlay incurred in wiiiening the gauge of the
and by $3,000,000 invested in new equipment, in addition to the equal amount now on hand as above to be applied to the
Bauie purpose. Some 85,000 tons of steel have also during the period named been put into the tracks of the system in olaca
U
«
*^
of iron.
The following statement shows the result of the financial operation of the whole Union Pacific system for the twelve
months endii g June 30tli, 1838. No later statement can now be given, as the accouats for the quarter encUng •September
80th will not be made up for sixty days
or
:
INCOME.
'Earnings, entire system
$29,029,453 60
,
£xrenao8, entire system.
Saxes, entire s; stem
,033
Total expenses and taxes.
Surplus earnings
Tnoome from Investments
m
1,005
ont-side of the system.......
Proceeds miscellaneous land sales
Jteccived from Trustees Kansas Fac. Consolidated MoTt.'
Total Income
I
$17,869 ,817
2r,
"»U,159, 136
.55
$1,078',4^74
13,,776 36
7,,440 00
EXPKNDITURE.
Interest on bonds
Dl.tcount and Interest
f.^,or
on bonds sold, premiums, Ac
sinking fund rennlrenients, company's bonds .,
Interest on homlsot operated roads
Lund ta.xis and land expeuaea. Union Division.
Di.sciMiiit
Profit
and
,»l",;i~7 Of)
4f ,20H
i(M>,a~2
loss
Total
»7,507.103 10
Surplus to this iwint
Lest United States requirements, approximate.
^,7.'>i.379 'la
1,216,799 01
$12,2D9,482 65
Surplus income
June 30, 1884.
D«. 31,1884.
7)«c.
31, 1885.
iJec.
31,1886.
31, 1887.
JOcc.
Its-
/wneSO, 1S8S.
of the system In the
Add bonds of the Union Pacific Rail
way Co. In treiisury of company..
Total funded debt.
Net floating debt
$146,588,427 87 $144,649,047 50 $144,788,958 53 $148,233,092 96 $147,004,611 29 fl47.546,220' 5t
1,958,032 50
^
Total funded and floating debts.
2,147,450 00
637,300 00
586,300 Ooj
Otl
JT
-^O/l 111
1
0<\'
1
A1
4,419-8
$35,170 51
4,4764
4,519-5
$33,811 59
Excess cash and cash resources.
>
24,594-4
$32,923 52
4,771-1
$32,108 48
/^w^ CI
4.764 •»
$30,850 17
Excluding Montana Union Railway Oo.'8
lines,
The increase during the last six months of $1,436,937 48 in the funded and floating debts, as
table, is accounted for as follows:
Increase In Funded Debt of the Union Paciflo Railway Company, as sbown In the general balance sheet
Decrease in cash resources
Increase In United St.iti-s Interest Account
Utah &
Nortbi-rn Equipment Tru.st Bonds Issued
Oregou Short Line Railway Company Bond acquired
72 57
shown
31,191 87
miles.
in the pr«ceding
.^73,00O OO
415,819 2»
229,118 22
$320,000 00
1,000 00
Total
319,000 00
$1.436,937
The mileage reported
in the preceding statement covers the lines in operation on
extension of the Silina Lincoln
Western Railroad, since completed, as above stated.
&
June
30.
Atchison Tupeka
& Santa
the following circular
Fe.
—The
company has issued
& Sa.nta Fe RR.
Boston, October
Co.,
20, 1888.
)
J
To tJii Stockholders:
The additions to the Atchison Topeka
& Santa Fa Railroad
system by new construction since January Ist, 1886, are as
follows:
MUtt.
940 76
269.09
''iVvi
494.47
Chicago Santa Fe & California, Including Fekln Division
124 27
»enT.r i Santa Fc
46 19
I^eavfnwcnh Northern & Southern
Gulf
Division
ISouthern Kansas,
•?}
?
100.41
Botheru Kansas of Texas
97.20
Bt. Josiph St. Louis & Santa Fo
58.90
Bt. Louis Kansas City cSj Colorado
85.85
Sundry small additions in Kansas and Colorado
79.71
KJug. Pratt & Wist., Jointly owued with the St. L. & San Fran.
<fc
Western
California Central
California Southern
2,776.30
Total
F.
ADAMS,
President.
and general labor agitation, the Inter-State
law, and the " war of rate»" have raJuced largely
the earningsof the past ten months and necessitated reduction
of dividends. The closing up of this new construction comes
in a trying period,
Tbe accounts of the company rendered to
us this day by John P. Wtiiteheai, Comptroller, show that the
present net floating in'lebtedness does not exceed $-'),000,000,
(exclusive of $1,440,000 for 3,000 coal Cirs, payable in instalments from December 1, 1888, to June 1, 1891). It has been
decided to postpone the funding of this indebtedness until a
more prosperous time, when it can be done wiihoul undue
sacrifice.
Meanwhile, to protect the company, a guaranty
fun 1 ©f $7,000,000 has been fully subscri'ed, the money on
which will be called to any extent which may be nec< Maty.
For any money which they may be called upon to_ pay, the
subscribers will receive thecompany's notes, Maring interest at
6 per cent per annum, lunnmg three years, but with the
Tlie pulacribers will take
privilege of prepayment reserved
thfse notes at par, less a commision of 2^J per cent. It ia
helii'veJ that this guaranty is ample in connection with net
earnings to fully protect the li^Lilities of the company ms
they mature. It is agreed that, if any necejsity snould *riK,
the amount of these no;e» may be increased 6o that there
shall be not exceeding $10,000,000 in all. These notes are
secured by a second mortgage of the Atchi--on main Ime in
Kansai and the deposit of the Chicago Santa Fe & California
line and terminal stocks with the Bcstcn Safe Deposit
Trust Company, trustee. It is hoi^d that the railroads have
learned fiom their experience that rate cutting ia deatructive
to all. The rates are already partially rt stored, and efforts
are making for entire restoration. The general outlook for
businefs is improving. The new lines are well located, and
1887, the strikes
Commerce
letter to its stockholders:
Atchison Topeka
4S
and does not include th&
CHAELES
Chicago Kansas
,065.800 00
.(u .:i.>
$155,446,638 32 $151,3.=i4,231 53 $148,797,853 93 $147,519,203 23 $147,189,222 18 $148,626,150 G»
Debt per mile of road
1
3,467,487 50
$148,546,460 37 $148,116,!S35 go! $146,936,408 53 SI 4 8 870 392 96
6,900,177 95
1,861,445 40
3,237,696 53|
Miles of road
liCsa
1
88
ft3.HaTi,F>7a
I
The accompanying table shows the condition of the funded and floating debt of the entire Union Pacific system.
mileage and itj debt per mile of road, on June 30, 1884, December 31, 1884-7, and June 80, 1888, respectively
Funded debt
9m
89
During the same time new locomotivrs and other rolling
stock have been udded to the amount of |7 363,000. The new
construction is Bubirtantially completed, and the company now
OWES, exclusive of its interest in the Atlantic & Paciflo Railroad and the roads in Kiin^asownel jiintljr with the Union
PaciBc and St. Louis & San Francisco railway companies,
6,531 miles of railroad. Its bonded indebtedness on the atx>ve
mileage, exclusive of the income b'jnds of thi California
Western, averages lefs
Southern and the Chicago Kansas
than 120,850 per mile, and the capital stock is Uss than
$11,500 per mile. Ttie property is in excellent condition, well
cquipptd with rolling stock, shop», stations, yards, ttrrninals,
and necfssary facilities for handling its present volume of
Kinbusinesj", and the company owns valuable coal mines i
cas, Colorado and New Mexico.
The poor crops of 1836 and
&
•
&
w'thtime and economical management
able.
By order of
will
become
profit-
the board,
Wm.
B. Stkoko, Pres-dent.
THE CHRONICLE.
502
jaua.
NINrH ANNUAL EEPORT OF THE
PAUL MINNEAPOLIS & MANITOBA
RAILWAY COMPANY.
ST.
The President an'1 Dirfctors submit the following report for
Hie year endirg Jui.e 30, 1888:
GE0S3 EARNINGS.
1887.
1888.
32-03
91-60
549-26
Evansville to Tintah Junction
Benson to Watertowii
Minot to South Side Sun River
Junction to town of Great Falls
1-82
2.648-05
NEW
LINES COMPLETED BUT NOT UNDER OPERATION
JUNE
30, 1888.
DIVISIOX.
NOETHEBN
Uilee.
Wahpeton
Per Cml.'
[Vol. XLVII,
to
Moorhead
Miles,
42-91
Per Cent.
42-91
Total
18-657
$1,497,809 02
6,151,74rt 69
83,548 89
133, V93 79
161,349 93
Passengfr
19-r6S0 $1,823,261 80
76-10751 7,277, 33 45
?3,56 44
-8740l
1-5193
1 15,-276 60
2-4312
232,464 22
treiglit
Express
.Malls.
Miscellaneous
l$9.56I,05 51
1-041
1-669
2009
Per Cent.
1
9-654
8-865
1,42 ,198 51
18-383
34-718
1,198,828 65
29-244
401,457 58
322,307 08
9-7!i3
$753,618 49
$998,159 01 ConductinBTransp'n.
.. Motive Power ..
^ Maiiilen'nceRoad ?
. ..- oort .11
l,44o,869
41J aud Stru. lures. 5
497,766 2>- Maiuten'ee of Cars
457,072 56 ..'ieneralExpenscs..
1,757,V!(8 3li
$5,15 .065 55
$4,'
7-862
..
.
OreratiUK Expenses.
215,485 16
.Net Income.
39
2,237 47
2,3(;4-41
.Net Earnings per Mile of
Boad
36
$2,2r.9
Average Mileage under Operation..
1886-1887.
l.reight
(Includiniall lines completed prior to July
operation or not.)
Diviiiont.
Main
Stcohd
Third
Track.
Track.
Track.
1,739
5:i2-78 12 26
570-50 14-6)
481-81
554-81
556-77
Bi-eikci ridge
Northern
Dakota
Montana
..
......
2,696-67
Totals
26-92
1886-87.
EQUIPMENT JUNE
Number of
Number of
1837-88.
2,042.:t71
i-,281,331
66,807,712
$1-09
-217
-7334
-0224
7a,84»,169
$1-14
-.:09
•0246
Note.— The increased earnings per passenger ijer mile were occasioned
because of the business in Montana, where the rate is 5 cents per mile.
So much of the business on the Montana Division having been carr.ed
by mixed trains, the mileage ot which is not shown in passenger tiain
nules. also accoums for the increased earnings per train per mile.
MILES OF HOAD UNDER OPERATION ON JUNE
St.Paul to BamesvlUe
State Fair Giounds Spur
Haniline to Minnesota Transfer
Minneapolis JuucrioD to Eatst Minneapolis
O8»i"0 Junctlrn lo St. Cloud, including north
Elk River to Mlluca
St. Cloud to Hinckley
66-43
2-14
5505
36 44
21 65
Carlisle Junction to Blizaiieth
East Minneapolis to Bieckenridge
Mlnnetonka North Shore
Hutchlnsoa Jum tiou to Hutcblnson
Morris to Brown-s V.illey
Tintah Junction lo Ellendale
Rutland Junci ion to Aberdeen
BarnesviUr- to Ht Vin<ent
St. Vincent. New Depot to Boundary Line
St. Vincent, Old Deixit to end of track
eUlrley to St Hilaire
Bieckenridge Junction to Grand Forks Junction
Grand Forks
to Boundary Lino
Hoorheail Junetl n to Ual»tcad
Brec kinrldge to LariMiore Jiiuctlon, via Poriland
Everest to Portland Junction, via Mayvllle
Bipon
to
Hone
Crook^tnn Junction to Minot
Park Rjver Junction
Bugby Junction
to
to
Laugdon
Bottineau
.,,,
30, 18S8.
hand
Pofsenaer Fquipmtnt—
Sleeping cars
216
.....
Colonist sleepers
I'assengere aches
Coiubiuation cars pass'ger and baggage)
Total passenger equipment
Equipment—
Boxcars
Added
lune 30, during
on hand
June bO,
year.
1889.
30
240
19
12
30
8
8
74
18
42
24
92
22
55
3
18
3
156
62
210
3,809
2,059
1,870
5,179
1,953
Freight
Flat and coal cars
Siockcars
Cabooses and boarding cars.
Derr.ck and tool cars
66
120
18
94
462
36
3
109
Total freight and work equipment.
6,184
21
3
1
Pile drivers...
156
2
109
2
Steam shovels
Dump and petcler cars
."^28
1,967
7,951
ley,
-70
East St. Ciouii lo Sauk Rapids
St. Cloud to Wlllmar Junction
Sauk Centre to Eagle Be- d
Fergus Falls to Pelican Rapids
51-6-40
63-07
-64
2-6o
Y"
341 -"ao" 3,081-89
31 8U
21741
•'
8-10
671-70
671-18
542 08
600-03
There was organized last year the E-astern Railway Company of Minnesota, which in January last absorbed by consolidation all the proptrty and capital stock of the Lake
Superior & Southwestern Railway Company of Wi-consin,
until then owned by this Company. The Eastern has constructed and put in operation a line of railway from Hinck-
30. 1888.
Miles.
^
110-16
86-32
60-27
45-22
3U-63
1 87.
Locomotives (05 have air-brakes)
$•,49 -,^09 02 $1 ,823,261 80
1,361,862
l,588,.i61
6,881,061
8,717,8(9
passengers carried
passengers carried one mile..
per train mile
per car mile
per passenger
per passenger i>ermlie
8-10
Total
Bii gg ge, mall and express
Business .ud pay cars
,.
Totals.
Miles.
\0n
COMPARATIVE STATISTICS OF PASSENGER TRAFFIC OPERA
TION8 FOR THE LAST TWO FISCAL YEARS.
Earnings
Earnings
Earnings
Earnings
8.-10
I
$0-0130 Dec.
$0-01361
Side
Track. Trackft.
2,3^7-H
Main track, second, third and fourth tracks laid with steel
353-38
Main track laid with iron
29-81
Main track relaid with steel during year ending June 30, 1888.
1887-1S88. Per cent incase
or decrease.
earnings per
Passenger earnings,
Passenger train miles
Passenger car miles
1888, whether then in
F.ntrth
8-10
2,737,445 Inc.
2,069,428
450,93:^,489 559,795,053
$6,151,7461 $7,277,333
ton mile
1,
......
......
1,989,299
1,734,210
trallic-
2.739-79
TRACK STATEMENT.
53-74
$4,-16 70
2,357 34
COMPARATIVE 8TATISTU 8 OF FREIGHT TRAFFIC OPERATION8 FOR THE LAST TWO FISCAL YEARS.
Average
412-62
of!
.
Earnings from freight
5-70
Total miles of main track completed on Jjme 30,
I'j-'S. (iuclnding -26-92 miles ot second track, 8-10
miles of third track and 810 miles of fourth ti-,ack).
51-06
Gross Earnings per Mile ot Road. ..
-Operaimg Expenses per Mile of Road.
Freight train mil ago
No. ot tons cairied
Tons carried one mile
1,041-96
406-92
mtet.
Operating Expenses per cent ot Gross
Earnings
$1,911 P2
1,285-21
Total lunin ti-.ick in Minnesota
1,035-94
Miles iu D^ikota under operation June 30. 1888
Miles in Dakota, new line, compleied but not under
6-02
operation at that date
3,713,5 2 87
Operating Expenses and Taxes per cent
56-68
Gross Earning.*
ip4,ljtf
Miles in Minnesota under operation .lune 30, 1888,
(incluillng 26-92 miles second track, 8-10 miles
1,248-32
thinl track and 810 miles fourth triick)
Miles in Minnesota, new line, completed but not
thatdate.
36-89
uuder operation at
3,929,038 03
.
.Taxea
263,921 28
4,141,918 68
63-92
«8,028,448 32
4,099, .10 29
.Gross Earnings
.Net Earnings
4,405,839 86
5-70
Total main track in Montana
1887.
1888.
-77
Total
Total main track in Dakota
Miles in Montana under operation June 30, 1888
ontaii;i, new line, completed but not under
Miles in
operation a t that date
99,410 29
8U.MMARY OF EARNINGS AND EXPENSES.
«9,561,903 51
6,156,065 55
4-93
TOTAL ROAD STATEMENT.
1887.
Per Cent.
DIVISION.
Great Falls
Brick Y'ard Spur, Great Falls
$8,028,448 32
OPERATING EXPENSES
19-359
34-ObO
28-042
MONTANA
to Smeller Work
76-6-24
3-52
204- 12
5-93
.5313
46-68
104-32
f4-00
170-95
2-«2
2-12
21-55
126-01
80-S'4
3409
13 -(
50-44
29-50
230- 3
73-88
38-66
Minn., to West Superior, Wis., sixty- nine miles, with
grades of twenty-one feet to the mile, maximum
curves of three dejire s, and steel rails weighing seventy-five
pounds per yard. lis terminals in West Superior cover two
hundred and seventy-five acres of land, with nearly fifteen
hundred feet frontage on the dock line, and running two and
a half miles back. It has one filled dock, averaging eighteen
hundred feet long and two hundred and s'xty-five feet widr:
also a pile dock, ninety six feet wide by fifti en hundred feet
long, on which are four warehouses, each forty-eight feet
wide, and aggregating a quarter of a mile in length. The
Eastern owns the Great Northern elevator, so called, with
capacity for 1,800,000 bushels of grain, and is completing a
t-econd elevator, with capacity for 1,500,000 bushels. The
Eastern's equipment includes eighteen first class engines and
maximum
one thousand and two hundred and fifty freight cars, most of
which have been delivr red. Passengir business wiil_ not be
instituted until next year.
This
pany.
Company owns
the capital stock of the Eastern
Com-
OorOBBB
87. 1888,J
The branch
lines
or in purt donn
Itutt
THE CHRONICLE.
upon which the grading had been whol'jr
seuson will be put in rea<linfHH
for'
OM
Thu line from Benson to Wa'ertown wan oomand roKuUr train s- rvice put on ^ept. 19, IHtiT. Prom
Wat-rtown to Huron track-layinK is wxll udviincod, and the
line will be ready for biminess ealy in September of this y*ar.
Track- liiyini? is progressing on the Wtllmar & Houx r^ills
The
line, and is expected to be fully completed in October.
lines last nxmi'd have been built, and will bs opened, under
separate corporate organizations named, respectively, the
Duluth Wateriown & Pacilic Railway Companyand the Will
mar & Si 'UX Falls Ruilw-y Company; the entire capital
stock in eivch being held by this Company. The track will
etween Church's Frrry and St. Johns (64?^
also be laid
About thirty
miles) in time to take out this season's crop.
this season.
pleted
miles will also be laid east of Crookston, to be completed
during Octobrr.
No other extensions or branch lines are at present under
consideration, and none will be undertaken the coming year,
unless some necessity arises for doing so that does not now
appear.
The work in progress for the past three seasons of reducing
grades and improving the alignment has been continued during
the year covered by ihs report. The uncompleted portion of
this improvemetit on the Fergus Falls division is well
advanced, and will be fully completed in October of this
year. The improvem»nts to which reference is made extend
from Wayzata to Morris on the Breckenridue Division, and
from St. JPaul to Barnesville on the St. Cloud & Fergus Falls
Division. It has been made a special fexture of this work
(in addition to getting a maximum of 31*6 feet grade and less
curvature) to have all the cuts well sloped and ditched and
the embankments made wide and substantial. In the change
of grade many masonry culverts and arches have taken the
place of timber structures. For use on the improve 1 Rrade,
and east of the p-anta mentioned, to give us a c ntinuous line
of the same character to Minneapolis and St. Paul over both
branches, including the double track between Minneapolis
and Wayzata, purchases w. re made early in the season of
bttween 50,000 and 6ii,000 tons of steel Irails of seventy-five
pounds p-r vard section, and the work of laying th -m is well
advanced and will be completed about October 15th next.
These improvements are expectel to permit reductions in
operating and maiu-enance expenses, amounting to much
more tnan the n^ti-rest upon their cost.
The lighter rails, all of steel, which are now being replaced
by the heavier i-ection, are being removed and laid on the
branch lines. Their wear his not been such as to impair
their usefulness, and they will give good service for many
years to come; but it was thought that with the intruductioa
on the main lines of heavier engines and cars, and »ith increased traffic, they would soon prove un^^qual to the service
put upon them. This course is thought to b- the most econimocal method of disposinic of them, and fully justifies the expense of miking the change.
The increase of main trdCKs between St. Paul and Minneapolis, of which men ion was mude in our last report, has
been completed, giving two tracks each exclusively for the
passeng'-r and freight service between the two cities. These
four tracks are also laid with seventy-five pound steel.
The Ireiiht earnings per ton |)er mile still show a decrease,
being ViO cents per ton per mile, agamst 1'36 cents the previ-
ous year.
The following shows the rate for eight years
:
1881
-0288
\88-t
ISi-S
"O-JSl
95
01 9
01 2
-0119
-0
1884
1885
1386
1897
1888
0136
0.30
Minnesota was reduced June 1, 1888,
to three cents per mi e for both single and round trip ticket-i,
against the rate of three cents for round trip and four cents
for one way tickets in force previotis to that date.
Land has been purchased at St. Cloud for the purpose of
providing ample loom f'lr the repair of our equipment, the
storage of lumber and timber, and for such additioual tracks
The passenger
tariff in
as may be require 1 for the storage of cars, etc. It is the intention to lay tracks and grade a portion of the ground this
season and erect the requisite shops next year, the necessity
for which was referred to in our last report. With the
greatly increased mileage of our road and the large additions
made to our equipment during the last few years, the machine,
car and otiier shops erected in St. Paul in 1881-83 are not
adequate for our wants, and we find ourselves i specially
cramped for yard loom to handle the repairs and renewals
and provide the necessary hpace for tracks and piling room
for material to enable us to do this work in the most expeditious and economical manner.
The purchase referred to, from its central location on the
company's lines, will enable us to do a large amount of work
that, under other circumstances, we shoidd be obliged to haul
to the terminals at St. Paul and Minneapolis.
Upon the Montana Division track-laying was completed
Oct. 15, 1887, and the running of regular trains was imdertaken Out. 31, 1887. Reference has heretofore been made to
the exceptional character of this line as to grades and curvatiu-e.
With the exception of 18 miles of tempora'-y line the
maximum is 3r7 feet to the mile, and on about 400 miles of
the 550 from Minot to Great Falls the maximimi is only 81
feet to the mile.
60t
The Montana Central Railway coini>l<>t-«l tra<k-layinic '«>•
Great Falls to Helena November 19. |Ht*7, Kivi-^ tin accMi to
the businesH of that section from Decern b r of that
J*»r, at
which lime the running of regular trains w«m b«gun.
The lino of the Montana Central Company from Helm* to
Butte is well under way, and will b« coroplete<l dm ing October of this year.
The Montana Central Company's railway baa barn thorbuilt, and has great adva"ta.ies over any lino
heretofore roistructed in the Rocky Mountain country ia
gr des and curvature.
The line from Helena to Butte is laid
with steel rails of goventy-flvn pounds per yard section, and
oughly well
white oak ties have Injen laid on all the curves.
The brtnch line of the Montana Cen'ral Company, from
Great Falls to the Sand Coulee coal mines, 18 miles, has been
completed, »nd the work of opening the mii es is in r.:p!d
progress. This brau'^h line reaches a practically inexhaustible
steam and dom> s ic uses, as shown
and practical tests. The Sand Coulee
Coal Company has been organized for the purpofl-* of mining
this c al on a large scale, and its pr.-paratory operations are
already welladvanced. Its capital stock isall held by thiscompany. When th-te mines aie sufllciently dev- loped to meet
the present demand of the public, they will Hffordalarge
traffic for both companies, and effect a large saving in tne
fuel required for th^irown engines, depots, etc.
Since the date of our last re|ort extensive smelting works
have been erected at Great Falls by the Montana !>melting
field of excellent coal for
by frequent
scientific
Company, which will be ready for operation during the
au'umn of this year.
The business of Montana in live stock and wool has been
very sal iif actory and the opening of mines and the erecti:ii
of smelti' g and reduction worts will, it is c ntldently expected, give us in the near future a good bhare of the minera.
,
businees of that section.
The new general office building at S'. Paul was completed
and occupied in August, and is found well adapted for the
purpose. Tne builtli g is tire-proof, and the company's valua"le records may, we think, hereafter be considered safe from
d< struction.
The spring of this year was quite backward, and seeding
was somewhat later than usual, and inconsequence the crop
on the no'thern portion of our line, particularly north and
west of Grand Forks, suffered considerable damage in August
from very hot weather followed in the latter part of the
month by fiost. It is yet too early to say accurately what
the decrease in the crop will be.
The higher range
of prices for wheat, near'y double that of
has greatly stimulated fall plowing, and a larger
area will be under cuLivation in 18;9 than ever before.
The
certainty that this will be the case, with t'^e improved methods of cultivating and harvesting, and a reasonable certainty
that higher prices than those of the p-st year will continue
for some time, has k iveu a new stimulus to the farmers, and
will indue- an increase in settlement along our lines for the
current year. Mixed farming is also beco ing more general,
and farnit-rs are less dependtnt on the wheat crop than in
former y^ars.
The In ian reservations along our Montana line were ceded
to the General Government last year and the treaty was ratAs s on as these land are surified during the past winter.
veyed and thus opened to settlem- ut i' the valleys of he
Mifsouri and Milk rivers, 17,000,000 acres of la •< of uneoaaled
value for mixed farming, cultiva'ion of vrain of all kinds,
grazing and wool growing, must attract large numbers of
last year,
•
;
settlers from the older states.
EUirly in the year this company acqu-red the entire capital
Montana Centr«l Company, and #2,500,000 of ita
mortgage bonds, upon the basis of the actual cost of the
ptock of the
first
proper y.
The great value to the company of its Mon'ana lines hie received prompt demonstration in the traffic alrea 'y developing
With the developalong the line of the Montana extension.
meiit of the industries which the stimulating eff ct of theee
new lines is sure to bring about wiiiiin the next year or ttvo,
the company's traffic wiU rest upon a solid basis, cot to be
materially affected by the fate of any one grain crop.
LAND DEPARTMENT STATISTICS AND OPEKATIONS.
Total acreage of Land Grant ooiriputed at 10
„ ._ -y»_ _«
3,3*8,00000
sec of laud for ea' h mile of completed road
2.«0^.37600
Total acreage oertlflod to June 30, 1888
Totalacreagesoldto June 30,1888
Less contracta canceled.
RcuialnlnK unaold Jane 30, 1888
Mini.capoUs 4 St. Cloud RR. land grant
Lees acicuge sold to June 30, 18ii3
1,781.7291«
1p8.8»411 1,622,835 -Oe
2,825,164-92
476,8«4-00
43,19132
Total grant remaining untold Jane 30, 1888.
.„„^.„^.
433.8. 2-<>«
2.638.837 "60
During the year ending June 80, 1888, 51,001 -01 acres of
land were sold for <l330,625-97, an average price of $8 48 per
acre. There were also told 384 town lota for 17,804-75, an
average price per lot of $44'b0.
CASH RECEIPTS OF LAND DEPARTMEMT FOR TBAB KHDIHa
JUNE 30, 1888.
gates and principal on new land eontraeU
Ainouut of principal received ou old contraots
Aiiioiiut received for trcHpa»». BtumpnRw, Ao ••"•;Aiuoimt reeelve<l for intercat on old »nd new eontryou ....
Aiiiou.it received for prtn. and Int. on town lot contraott...
Amoiuit received tor tntereet on sinking fund
Caiiti
Sf'722Si
""i'SS SS
.T*?s2 Im
•I.I24
49
w
IJ.JJO
4,156 94
«8«6,876 63
50J^
I
HE CHRONICLE.
94,037 84
X«S3 expenses of Land Department
Net
A.inount of deferred pavmenta due tlie Company on land
contracts liearinKintCTest at 7 per cent
of dtf erred payment* due tlic Company on town
lots bearing interest at 7 per cent
Amount
282,91671
12,187 93
$295,104 64
The total number of sales during the year -was 839, with an
-aTtrage of about 61 acres to a purchaser.
In addition to the sales of the company's granted lands,
-stated above, there were sold through the Land Departtnent,
during the year 9,309 03 acres of its lands lying in Todd
^County, Minnesota, the timber having been removed before
the gale of the lands. These sales amounted to the sum of
XL\II
%ht ifommtxcml ^timcs.
COMMERCIAL EPITOME.
$271,938 69
receipts
[Vol.
Altbough the
Friday Night. Oct, 26, 1888.
is becoming somewhat of a
canvass
political
disturbing element in mercantile and financial circles, general
trade
is
up
quite
to the average,
aid the future
regarded
is
.
and yet has presented seme features of
little,
a
The
Speculation has dragged
with considerable confidence.
interest.
temperature has been so low as to cause frosts extending well
$42,503 34.
JAMES
J.
HILL,
President.
STATEMENT OF THE ST. PAUL MINNEAPOLIS & MANITOBA
RAILWAY COMPANY FOR YEAK ENDING JUNE 30, 1888.
BEVEXUE ACCOIKT.
ConductlnK Transportation, Motive
Po-wfT, Maintenance and General
$4,406,065 55
Expenses
" Fund fur Improvements and Renewals
760,000 00
"
Dividends Ihi per cent.
"
Total Dividends
Transferred to Sinking
*•
Land Department
Balance to Profit and Loss
May
1,
is
is
some appearance
steady at
8c. for
western and
300,000 00
300,000 00
300,000 00
300,000 00
no
serious injury to the cotton
reported.
Lard on the spot has declined sharply, lut
is
$5,156,065 55
2P3,921 28
2,793,751 2.J
1888.
crop
there
2V>
Total Operating Expenses
" State Tax...
" Interest Paid and Aecrned
" Dividends li2 percent, Aug. 1,1887.
" Dividends 1 ^ per cent, Nov. 1, 1887 .
" Dividends 11" per cent, Feb. 1,1888.
into Southern latitudes, but
prime
free offerings,
8-42c,
down
city, 8'70@8'80c. for
with
more
and the close
prime to choice
The specula-
continent.
9o. for refined for the
tion in futures took a
at the reduction
of life to the dealings
active aspect to-day, there being
sales at 8*50c.
to 8'29c. for Jan., 8'49c.
down to 8-33c. for Nov.,
down to 8'34o. for May,
closing weak,
DAtLT CLOSINO PRICES OF LARD FOTUBES.
1,200,000 00
Fund from
271,938 69
1 48,167 45
$9,833,844 20
^uEamlnes
$9,561,905 51
271,938 69
" Land Department
$P,833.844 20
GENERAL BALANCE.
Mond'y
Titesd'y.
874
8-85
8-50
8-50
8-52
854
8-53
8-55
8-.'9
861
854
8-68
8 SO
8-50
8-53
8-61
Saiurd'y.
Nov. delivery.. ..c.
Dec. delivery
0.
Jan. delivery
0.
Feb. delivery
0.
May deliverv... c.
Year deUvery....o.
8-50
Wednnd'y. Thurad'y. Friday,
850
865
850
8-50
8-4S
8-50
8-56
8-50
8 41
8-48
845
8i9
"
of
Cost of
•" Stocks
"
Pork is lower, with more doing in new mf S3 at $15 75®
|16 35, but other grades nearly nominal at $15@$15 25 for
extra prime and $17 50@$19 for clear back. Cut meats have
bfen dull and the close is partially lower; pickled bellies, 93^
@10c.
shoulders, 9>%c. and
hams, 10)^@10i^c. smoked
75,592,812 73
2,623,530 18
4,423,043 66
and Bonds
GENERAL
ASSETS.
294,188
7,895
37.106
33,221
Advanced Changes on Freight
Due from U. 8. Postal Department
Due from
U.
8.
Transportation
23
38
51
78
372,411 90
4H3,553 96
1,477,293 07
Due from
other Companies <fc Individuals
Material Supply...
CASH.
In hands of E. Sawyer, Treasurer
In hands of E. T. Nichols, Asst. Treas...
In hands of Trustees, First Moit. Bonds.
799,784 74
1,135,542 05
10,493 42
1,945,820 21
$86,898,465 71
Xefs Lard Grant Bonds Previously Re-
deemed
leu Land Grant Bonds Redeemed
Year
3,009,00000
this
300,000 00
3,309.000 00
By Capital Stock
$20,000,000 00
Debt.
First Mortgage Bonds
litie
Land Grant Bonds redeemed
Balance
Paul A Pacific Bonds
Second Mortgage Bonds
Dakota Extension BoLds
•Consol. Mortg. Bonds. 6 per cent
Coiiso!. Moilg. Bonds. 413 per cent
Montana ExieLsion Bonds
Bt.
$8,000,000 00
3,309,000 00
$71,177,000 00
4,106,943 80
$3,309,00000
3,474,450 00
138,193 78
43,022 86
Sinking Fund Consol Mortgage Bonds
148,144 93
dlio
200,093 33
Audited Bills ard Vouchers Unpaid
1,990,122 34
Unpaid Pay Bolls
636,890 63
Unpaid Coujions due July 1, 1888, and
piior
887,866 00
Unpaid Dividends
1,017 00
Due other Companies and Individuals
241,317 77
Fund
for
348,238 26
3,757,213 74
1,045,037 59
Improvement and Renewals
JRevenue from Investments i nd Rents
Jfa<o>.«; to Profit j-.nd Loss,
'.—. toPrcllti n(i Loss,
January
February
March
April
May
12-95o.
12-95o.
12-95e.
12-950.
I
I
I
:
June
July
August
12-950.
12-95o.
12-900.
|
Raw
Eugars have been very dull, and the close is a fraction
lower at 5 1-16(351-^0. for fair refining Cuba and 6c. for
standard centrifugal; and current quotations for leading
grades of refined sugars are reduced J^@3^c, Molasses ia
nearly nominal; new crop New Orleans sells in a small way
at 56@58c. Rice is in good request and firm, and teas are
Havana, 10J^@21c.; 350 cases 1887 crop, Pennsylvania seed, 93^(gl3c.; 300 cases 1887 crop, Wisconsin Havana,
7@13>^c.; 250 cases 1886 crop, Pennsylvania seed, 7 J^® 13c.;
150 cases 1887 crop, Pennsylvania Hivana, 14@28i^c.; 150 cases
1887 crop. New England Havana,18i^@ 35c. 100 cases 1887 crop.
New England seed, 14(3300.; 105 cases 1885 crop, Ohio, 9i^o.,
and 100 cases 1887 crop, Ohio, 63^c. also, 600 bales Havana,
60c. (a$l 15, and 3-50 bales Sumatra, $1 17@$1 80.
On the Metal Exchange a futther decline in lead has been the
chief incident of moment, closing to-day with sales at 3'80c. for
October and November, Straits tin closed quiet and easy at
Ingot copper is
23*15c. on the spot and 22'90c. for Jar.uary.
nearly nominal at 17'35c. for November. Domestic spelter is
dull at 5c. The interior iron markets are strongt^r.
Crude petroleum certificates are without further decline
and close at 85?4(a857ac.
Spirits turpentine has declined
and closes dull at 45(g45}^c. Rosins are steady at $1(3$1 023^
crop. State
;
165,450 00
Tax not yet duo
Accrued Inttrest on Bends not yet
and payable
November
December
13-70c.
13'45o.
13-10o.
13'00c.
:
Premium on Land Grant
Stale
close there are sellers at the following prices
Kentucky tobacco has been more active, and sales for the
week are 600 hhds., of which 500 for export, mainly to Italy,
and 100 for home consumption. Seed leaf is more active, and
sales for the week are 2,225 cases, as foUowf 700 cases 1887
00
8,000,000 00
5,076,000 00
13,344,000 00
.12,100,000 00
7,000,000 00
30tt,000
Subscription 5 percent Bonds
Sinking Fund applicable to Redcmtpion
of First Mortgage Limd Grant Bonds... 3,012,643 78
ie»« Land Grant Bonds Re-
Bonds
Coffee on the spot has declined materially, and to-day there
were sales of No, 7 Rio at IS^^c, c. and f., and Java in mats
at 17J^@18^c,, while the demands for West India and Central American growths are much less active. The speculation
in Rio options has been at declining prices of late, and at the
steady.
$4,691,000(0
51,177,000 00
deemed
for State factory.
October
$83,589,465 71
Funded
;
Beef steady at $7 50@
8 for extra mesB and |9@$9 75 for packet, per bbl.; India
mess quoted at $23 per tierce. Beef hams are quiet at
$14@$14 50 per bbl. Tallow advanced to 55^c., at which the
market closes quiet. Butter is steady at 20@37c. for creamtry
and 13@16c. for Western factory. Cheese is quiet at 9@105^o-.
shoulders, 93^c. and hams, 12@123^c.
Other Properties and Securities
Due from AKouts
8-33
8-34
8-41
;
Railway Eqnipm't and Lands. $74,128,635 14
1,464,127 59
New E<iuipment
To Cost
832
832
831
June 3(', '87.. 2,374,888 98
Juno 30, '88..
148,167 45
•-^^
450,758 89
2,523,056 43
$83,589,465 71
;
for
common.
very
Wool
full prices,
is very firmly held.
Clover seed brings
but hops are dull and earier.
OCTOBBR
THE lOHRONlCLE.
27, 18S8.J
COTTON.
Friday, P. M., Oct.
26, 1888.
The Movement of thh Crop,
as indicated by our teleKrama
from the South to-ni(?ht, is given below. For the wfoU oiidinK
thia evening (O 't. 2tl), the total receipts have reached 270,707
bales, aKiiinst sn'i.sn^ bales last week, 250,644 bales the previoua
weel; and 19<).5U8 bales three weeks since, making the total
receipts since the Ist of Septemter, 1888, 1,278.118 bales, agaiMt
1,740,571 bales for the same period of 1887, showing a decrease since September 1, 1888. of 471,458 bales.
Thun.
FH.
Total.
6,877
8,183
.35,176
Indiauola, Ac.
Hew Orleans... 11,421 13,878 21,527 10,424
605 2,368 2,547 2,080
Mobile
Florida
8,529
1,299
197
9,770
1,149
197
75.568
10,048
Bavaunah
0,804
9,210
BeeeiplM at-
Galveaton
Sat.
Man.
Tue$.
Wed.
4,904
«,721
7,421
2,710
8,090
/.
Bninsw'k,&o.
Charleston
Port Royal,Ao
Wilmington
Wa8h'gton,4o
Horfolk
West Point, Ac
Hew York
Boston
9,020
9,406
4,403
4,395
2,791
3,991
4,192
1,994
1.667
2,464
"988
1,650
2,843
2,338
6.179
2,560
6,154
5,116
5,830
2,222
4,420
8,663
49
210
59
50
143
738
23
409
267
""io
Baltimore
Phlladelphla,&o
227
Totals thl3 week
,'?7.146
7,846
5,500
2,596
53,370
5,500
22,3f8
59
680
4y.9%5 58,574 38,156 40,249 4fl,fi27'270,707
For comparison we give the following table showing the week's
September 1, 1888, and the stock
to-night, coinoared with last year.
1887.
1888.
Oct. 26.
ThU
Week.
Oalvestou ...
ElPaso.&o.*
35,170
Hew Orleans.
75,558
10,018
Mobile
...
63,376
Brun8w.,&o
.5,500
Charleston
..
22,368
P.Koyal.Ao
Wilmington .
5^9
Wash't'n.Ao
Hortolk
W.Polnt,4c
Hew York
Boston
Baltimore ...
PhU'del'a,
*o
10,397
132
31,943
2i,036
250
1,684
77i
680
Stock.
Since Sep1, 1887.
216,144 34,252
1,035
315.704 102,254
64,428 11,602
1,379
1.809
232,955 47,455
2,300
20,451
120.832 24,005
1.075
2,576
46.035 12,125
189
324
121,096 27,610
73,805 25,472
645
919
3,300
3,644
3,044
293
034
6,396
197
Florida
Savannah
Thil
Week.
Since Sep.
1, 1888.
1888.
1887.
262,112
73,919
70,268
450,216
60,956
8,102
378,402
141,594
14,747
195,949
20,222
98,846
124,300
54,713
52,712
491
810
23,395
33,815
10,189
194,310
4,086
80,389
1,243
113,571
134,717
1,091
10,649
35,816
2,697
28,457
3,145
9,'*,059
72.9i)0
9,000
10,000
4,425
6,019
700
P,9(!5
2,838
8,392
Totals
270.7tJ7 1,278,113 294,934 1,749,?.71
Nut included lu 1887 until end ot season.
571.654
623.712
'
We
* Lambert 2f Beaver
On SMpboant,
Oct.
26,
AT-
Ortat
Britain. franet.
(Tew Orleans....
Hohlle
Oharlestnu
10,712
8,500
2,500
13,500
14,H5B
20,000
11.797
Hone.
1,500
Hone.
Noiw.
1886.
1887,
1885.
1884.
22,036
8,887
35,293
72,930
9,618
49,611
27,661
9,463
31,781
13,747
8,379
week 270,707
291,931
258,483
Charlest'n,&o
Wllm'gt'n, *c
Horfolk
31,!>13
HobUe
Savannah
...
Wt Point, 4c
All others
Tot. this
40,687
79,321
10,818
41,898
31,575
C,116
30,855
15,007
5,746
34,252
102,254
11,602
47,455
25,080
12,314
27,610
25,472
8.895
35,373
75.558
lo.aii
53.376
22.957
10,529
Hew Orleans.
208,023
lll.,500
1,100
11.1.-.0
10,000
None.
8,000
24.000
1888
91,868
14,397
09,909
29,070
203,7.50
367,904
Total 1887
Total 1886
79.201
109,110
19,891
8i'.253
27,3i'7
58,675
29,878
29,171
217,723
221.683
Ualveston
Norfolk
»ew York
Other ports
Total
we
Conti(
Brit'n.
Qalveeton
New
...
Orleans.
Mobile
ll.Kil,
25,550
I
32.90
85,164
11,759
49.216
31,309
5,784
32,052
10,854
8,0.7
277,470
^<>^*\ nmt.
«.727
P,»5»
7,469
16,708
12,083| 47,5D7
7.459
I
:l82,471 10,778
80,120' 48,367
....
...
Continent.
7.176
3K,670
7,499l
»,7«
s.asTJ
Mon Tuea Wed
Ordtn»ry
Strict Ordinary
S'lod Ordinary
Strict Wood Ordinary.
Low MiddlinK
Strict Low MlddllBg ...
Middling
.»lb.
611,240
15.837
41,087
24,142
7,723
33,645
14,199
3,979
Boston
Baltimore
MtdillinK
Good Middling..
t,895
FUladelp'a'&c
Total
To'nl 1S87.
U,562
12S,t24
27,891
2.426
2,820
2,428
13.42S
10.119
104,818
20,862; S6,t)05 I64,0SJ
4S1,219
33,697'
14l.44f
llB.raZ
44.018
Sn." 92nl
83.017
302.941
67.lB0 2I7.ulli
5,»«7
3,795
38,077
19,390
13.914
954.478
J03g
io\
lov
Ills
1138
We4 Th.
i
Frl.
6l»„
61»,8
613,9
§?>«
8!>8
8%
1%'
!
!
1
.»lb.
61%
7'4
8»18
K»16
"•"is
and future
Zt!«
8*s
9»„
9H
1
6^
Ztl*
8%
Vrl.
8%
»«4
SALES.
deliveries each
SAus or sroT awd
Sat ..'Steady
Hon . Dull
Tuea. I'i I'm........
8.29«
10%
'lorv,
day during the
The
week are indicated in the following statement. For the con*
venienoe of the reader we also add a column which shows at a
glance how the market closed on same days.
oiioaaD.
1,395
,0^
nan Tuea We4 Tk.
MABKET AND
7,832
44,828
18,717
»13,«
;
(
8»18
53,537
41,313
88.071
1,603
1.569
0I»,8
I
,
12,9ti6
12,088
193,249
?;i«
99
jlOi^
S'S
8'8
8'8
939
97,8
»yi«
97,,
958
911,8 9'1,,
9=B
91»,gi 915,8
9T8
9'a
io»i8 10»18 lO"* iiou ;10>4
107,8 101,8 101*
lOHi !l0>a
101:1,8 l..lJ,8 lOiijs lOTg
iio'a
10'«
ll''l«
ll''l8 11>1
im. !ll>s
Oas
978
10»,8
107,8
(tail.
Uo^ Ordinary..
8^»
8%
9%
STAINED.
Low .vIliUAng
lliddllng
73„
G\
7M
I
total sales
6C.1S&
158,157
7.49»
7>4
Middling Fair
Fair
241,921
TbtaL
714
Mlddlinx
21,0U)
8.266.
.
,
Frl.
611,8
i
84'
9i,e
9»,a
9lS,e
I
Klon Tuea
6*
.
Strict
I
•»» 6%
Ml(tdlliiK
Strict Low Middling...
Good
Sat.
r
8ii,g
73,,
8J|j
8"i«
9H
9*
.
Low
9,8S-I
39.433!
12.088'
7^
9-4
9>8
Tit.
6ll,a
7»,i
6Hj
9ie
f>\
101,8
.- !lOi«
l>'o,g |105,g 105,8 lOa*
ion, loii,„'iiiii,,'io%
115l» llli,, 116,4 111%
[
Ordinary
Strict Ordinary
Oood Ordinary
Strict Goiid Ordinary
9,072
6,000
»il.,l
I
,
18,BS9'
Norfolk
S.OtO
West Polnt,&c
New York..
23,753
.
8»i.
0\
,
33,40)!
7,833
7>e
ei^s
101,8
...
..- 101,,
,
Btnvt Oood Middling...
Middling Fair
10,083
4319
6%
7%
0>4
UoudHlddltnx
6,919' 18.»II6
4.,'«)0
4,074
4819
Wilmington
398,802
i
—
rOVMAXKIT
Charleston
403,fl8»
i
—
UPLANDS.
riorida
BaTannab
US
were to arrive. The following are the official quotations foB
Bach day of the past week Oct. 20 to Oct. 26.
29.400
Exported to—
Great
Wuli. BrUain.'^'*^''
Total
22.7.50
1883.
1
Exported to—
Oreat
11,247
OK.
—
—
etrlet
Xxportt
4O,0i:i
6,163 balos, including 1,249 for export, 4,914 for consumption,
in transit. Of the above
for speculation and
bales
The exports for the week ending this evening reach a cottil
of 163,085 bales, of which 104,818 were to Great BriUin, 20,863
to France and 3ti,90j to the rest of the Continent. Below are
the exports for the weekj and since September 1, 188S,
From Sept. 1, 18S8. to Oct. 26, 1888
With £ru]ing Oct. i».
'.Jrotr—
4,208
3,000
NniiA
»7,01»
14.700
36.700
32.535
2%,000
of 6(37 points. To-day the eirly futures were freely offer«d
and opened easier under free notices for November delivery,
which were thrown upon the market, while the distant months
were strong on too much rain South, A feverishly unsettled
market followel, closing stronger on a demand to cover conCotton on the spot has been dull. Quotations were
tracts.
advanced l-16c. on Wednesday in response to the generally
stronger Southern markets on Tuesday. To-day the market
was quiet at 18-16c, for middling uplands.
The total sales for forward delivery for the week are 461,100
bales.
For immediate delivery the total sales foot up this week
Good Ordinary
!
l4,5iMi
44,56.1
8..500
Thursday the frost accounts were generally regarded as exaggerated, and as tree selling orders continued to come up from
the South our bulla unloaded pretty freely, causing a decline
UnceSept.1. 1278,113 1749.571 1343,801 138 •<,453 435,'i30 1465.907
1
20,051
None.
9,00O
MtotSr
41,384
10,846
75,309
30,940
Savannah
GULF.
Galveston
not eltared—/or
Other
2.005
None.
1,700
8,700
13,671
2,(00
None.
None.
Fair
1888.
'
Street.
,
In order that comparison may be made with other years,
give below tuo totals at leadint; ports for six seasons.
BeecipU at-
i
In addition to al)ove exports, our telegrams to-nightatso
k1t»
as the following amounts of cotton on shiplioard,
not clMrad
*t the ports named.
add similar flgures for New York*
which are prepared for our special use by ««w..
M«wrt. vwey,
Cmrer Tall.
xai*,
The speculation in cotton for future deliveries at this market
589
589 was fairly active at improving values for the first half of the
1,624 10,397 week under review. The temperature in the
Southern States
132
1S2
ran down quite low, giving rise to reports or predictions of
0,517 31.943
A killing frost was announced from El Paso, in Texas,
6,137 22,030 frost.
250 a light frost from Waco, in Texas, and other Soathem poiota,
249
1,684 and the Liverpool market advtnced.
But on Wednesday
77.'?
773 Liverpool declined and this market
became unsettled. Oa
total receipts, the total since
Jteeeipl* to
605
Wed
.
Firm
a
Export,
1,249
I
2,977
222
1,226
srisa.
A2,t!00
'
-l>0
2tfi(
1,8 adv..
Tburs, Quiet
Pri... Quiet
TrtaLI
raAirai;.
OoH- gpte-Trtmlump-'urCn' lU. IWoJ.
1,240
538
666
S47
ouo /^.*00
247, a8.6<K
4.814
6,163 161. 10(
The dally deUverlM given above ai* MtoaUr daUrvNd Uwj,t
_^
prevlotu to that on irhlou (her ar« roportsa.
THE (CHRONICLE.
506
The Sales and Prices of Futdbks
injr
comprehensive table
are
shown by the follow"
:
[Vou XLVII.
Thb V I -siBLB Supply of Cotton to-night, as made up by cable
and t< Is^aph, is as foUowg. The Ckintinental stocks, as well r s
those for Ureat Britain and the afloat are this week's returns
*nd consequently all the European fiRurea are brought down
CO Thursday evening.
But to make the totals the complete
flgures for to-night (Oct. 26), we add the item of exports from
the United States, including in it the exports of Friday only.
1888.
1887.
1886.
balea
253,000
8,000
443,000
38,u00
340,000
17,000
365,000
23,000
Total Qreat Britain stock.
Stock at Ham burg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseillee
Stook at Barcelona
Stock at Genoa
Stook at Trieste
261,000
2,000
8,400
4,000
48l,<>00
357,000
4,000
37,500
20,000
1,300
16,600
8,000
388,000
2,500
32,700
25,000
Itook at LlTerpool
ttook at London
1885.
300
500
200
900
300
400
72,000
2,000
29,000
5,000
5,000
143,000
2,000
11,000
4,000
10,000
1,100
110,000
6,000
28,000
8,000
11,000
l,y00
93,000
3,000
36,000
8,000
8,000
Total Continental stocks
128.200
235,000
lvO,300
210,400
Total European stocks ....
(ndla cotton afloat for Europe.
Amer. cott'n afloat for Eur'pe.
389,200
23,000
345,000
22,000
7 16,600
547,300
40,000
3SM,000
44,000
598,400
27,000
446,000
20,000
596,227
174,878
33,949
Bio- l>t, Brazil, (fee. ,aflt for E'r'pe
Stock In United utatee ports..
Stock in U. 8. Interior towns..
571,6.'^-1
173,396
5,370
United States exports to-day.
51,000
533.000
42,000
623,712
234,651
6;!3,535
0,821
16,0»3
2'
38,ii81
Total visible supply
1,529,620 2,239,917 I,>'6l,3i9 1. 806,454
Of the above, the totals of American and other aescrlptions are as lollow s
—
Anietican
Liverpool stock
bales
C lUtlnoDtal Htooks
A uerlcan afloat for Europe...
Uulted States stook
United States Interiorstocks..
ir.2,Oro
6i',(iOO
315,000
571,' 54
l':3,396
UoltedStatesexponsto-day..
Total American
Bast hiitian, Brazil^ <tc.
LlTerpool stock
London stock
()0"tl-i»ntal stocks
Inl la afloat for Europe
Kgypt, Brazil, Ac, afloat
Total East India,
Total American
5,370
226,000
62.000
533,000
623.712
234 654
38,y81
170.000
86,000
244,000
3811,000
440,000
596,227
174,873
33,949
6 3,53'>
200,821
16,693
l'^6,000
1,307,420 1,718,317 1,486,049 1,621,054
—
..
<Jto
101,000
8,000
68,200
23,000
22,000
217,000
38.000
173,600
51,000
42,000
170,000
17.000
104,300
40.000
44,000
121,000
23,000
84,100
222. 2"0
521.600
375,300
275,400
2'^,000
20,000
.1,307,420 1,718,347 l,48B,04rf 1,621,054
Total Visible supply
1,529,620 2,239, 47 1,861.349 1,896,454
Price Mid. Upl., Liverpool
5''8d.
SMd.
5^,gd.
56ied.
9i»:6C.
l»rlceMld.Upl.. New York....
9»80
9>ii«c.
g^io.
^~ The imports into Continental ports this week have been
10,000 bales.
The above figures indicate a decrease in the cotton in sight
to night of 710,337 bales as compared with the same date of
1887, a decrease of 331,729 bales as compared with the corresponding date of 18o6 and a decrease of 366,831 bales as
compared with 1885.
At the Intekior Towns the movement—that
is the receipt^
the shipments for the weeki
and the stocks to-night, and the same items for the correg'
ponding period of 1S87 is set out in detail in the following
week, and since Sept.
for the
1,
—
gtatem
ct.
sr? e,c 3-^
-
j»i»
a
^g.
^l.-
1.^
f:
:3
to
x^
-1
^
CO
-1
It-
<o
«**
lo
:;•
MOi(^ajao<io
n
ID
OS
r«
CO
MM
t^
cn Ci
Ci
o
50OW^--CO
Ol
CO
#>.
^
It.*!":
Zi'
GD
O
OT
M
Mw
« cctD Mio
KCO.f.wccc;i
wr M
-gj-MCrf*pJC b5 O'QDCOGC CO CD M K) <1 OS O^^-' C O
— K. OC V o';£ IC 0) lo J' OS O X r *— lo
cc QD -1 c; ** o; o
o QC ^1
csoto'?. Qua — •uwo
coo»i<:;>cioo
a
o-^;>^o®coifk
K- c U i© tv w Ol
c Ci^o 0t:£i3ccxai-*<j^i-4atit3iw
to
Oi
tD
<-"
_jk
If^
t-t
Tf
w
u
*<'
CO
.
^-10
f
CO
K)l-»
©T*to*'3;cib
rfk
o -o too en
to O ^ C C. to Q
0|
-
(COj'xCOK 0|
"
<\
to
Inoludea wies In 8i-ptember, 1H8B, for September, i6*,300.
^tollaVl llJUjUUtMi ill tUf <kUl)Vt3 taUib, AUii BUUll tlUUtlUQe ftaOtl
week to (Tive, th* averaift- iirtoeoJ fatures eaon day for each month
It
Will he ronnd aoder each day rollowlti); the abhrnrtatlon " Ave-.'
The
•TenMH! for eaoh luuiitta for thn weeti In also kItbd at bottoiu ot table
TraD«f<«rable OrdKru-Haiurday, 9-50c.; Monday, 9-55o.
Ino-i.d,- '
SeOo.: WertuBsday. 9-550.: Thurgday 9-5CC. ; Friday, tt '500.
,
The
followinif (AxchanKHB have he«n madedunnK cru*' eeV:
•12 pd. to eioh. 400 Not. for Df o.
•24 pd. to exch. .500 Not. for Jan.
'lU |id. to ezch 2oOjHn forFeb.
49 pd. to exch. 100 Dec. for May.
10 pd. to exch. 1 ,' CV Dec. inr Jan.
10 pii. toexeh. .'Oil Jan. lor Feb.
.^fjid. toexch. iOODec. for May.
13 pd. to exch 900 Not. for 1 ec.
.18 pd. to exch. ? O Nov. lor 1 re
14 pd to exch. 1 ,ooo Not. for De'.
•4ft »<1. to e>oi. 2,00' Not forMch.
11 pd. to flicU. 1,4011 N«v. lor I co.
•44 pd. to exch. 50t Nov. for Mch.
10 pd. to exch. 5()<' Jrtii. for Feb.
•St' pd. to exch. l,('0O Nov. for Feb.
13 |.d toeiih. tiOii ^ov. for Deo.
•49 jTd. to ixch. 1,01 (1 Dec for May. .24 pd. to exeh 5uO Not for Jan
•11 pd. to exch. IdO Dt c. for Jan.
31 pd. to eich. 100 Dec. for Mch.
31 pd. to exch. 100 Dec. lor Mch.
....
»'>a-.~^ _..
.
:
Oi
^
CO
*-
»
I
oi to <i
'-
^-CO-IO
*^C;'OCii«'-J^OXiil-*f-'r-0>_K»*rf*.i-'l
j
Mi-h-KX©.
|2|r
- **
W M M « CO
tOO'^XM - XXtOCJOJi.js
Ci' Oi**C00031COOtCi'-'tOCOtDC"-)WOCO:o!
v X tc OS
QDcnc: toc5c;»"tv»ja«'ri'
!*>
V.cd'x 'b>b>oos
c-ioo*";xc»*- ©; ctt'^-xtcO'*-:;'
X030^rf^i0h-if*os<o« *sico>-co®;co w
*• ® O £ c: U- CO tC "o c:i a "to CO
V CJt — Vwat^Oi"rf»'y«'j»^xcowac;-JOi'rf».
rf*
'-tk
cccioc;'Caito — y<cctc-'CMO<xaco-i
ttO^O'*'-!©
lOOti^-'^'^i-'
M
ifr©-it-*i^
tOMtOtO
M©C0e?t0b3TO
X^. Cp;^CS_- -*C>P-JOT tOj-J-p^^ a»V!
p wJ®i^ Jf^o
r"
COjO»|-^cnxi-»h-Kto
^
CO
-i
-i©*»-'-JO;rf^i-c«o©Xi»*><ioicx'»H*-j
cc
I
00
^
oi
CO
tfk
I
;o
lie
i»-
to
c;-
© *- w CO Vj *! *c a ^ c — CO <i —
'-'
'Xtoro-^iii^w-icoioior^^co — (*»:o
QDX — *.0»
MMA.
to
to
coxwiccow^©osa©0'xcD3i*aoi<jto
©MCO
M— 00»0;o'
Vi'ootooiic'-'^icOQOco'
bo
O'
c
c;>
en c;> Oi
•
nirnreii tor
gnres estimated
to
W3trf*.Ot*.M<l
05^"— %'«©cd'co*»*wc;' — — tocdV oiq';,"»
-^iv* . tOJLtcotocccctooanitoCitoTjo
-©OSWMXM
cov©int-t:t*^;
I
fl
.
"^
VPi"*i^.
©CMosccwa
ui©*».^?o —
i
I
CO
M
lUWXCO'
M
§,
x'-cocm'* accto
^.cvo'JttO**:;— Os: C't'-^y'COC^'OCO
Xif^©tOi»XCOCC;DA> tO©-»4M>*-iCtOCO
l<oui»TiUe in buth yearn are "net."
(This year's
October
THE CHftONlOLB.
37, 1888.]
The abovi> totals show that the old Interior otocka have
inJreanetiilurinK the week 25,930 t>ale8 and are to-niKht 01,908
bales leas than at the same periotl last year, The recitipta at
the same towns have been 5.679 bales lexn than the name
week last year, and since September 1 the receipts at all the
towns are 26j,l'')0 bains lesn than for the same time in 18b7,
Oct. 2«.
CLOSINO QOOTATIONS FOR MIDDLINO OOTTOW
8atur.
OalToatou
...
NewOrleaiu.
Mobile
B^Tannah
9'ifl
S^
...
8''8
03s
Bo8t<m
9^
9>«
9''ed>l0
Baltliiinre ...
PbUn.lelpUa
»«8
ID'S
9-Ht
»».«
9'l6
Tutt.
Wednt*.
97i«
97i»
9<s
UV
9''i«
t*'!*
»'«
9'i
Oharloaton ..
WUiiitDKton .
Norfolk
lion.
«'9
938
9*i«
9>a
9^8® 10
9»8
10%
9W
8
9>i
816,g
'8
(13,'"
9!%-»1i8
93a
9»i«
95i.
9«„
O'eSlO
938
10 <«
9«18
O'sWlO
gTsa^io
9»8
10>8
9318
9^1
10%
fll.
Columbia, Texas,— It hs rained on four day* of the week
—a deluge— stopping picking and all « thur work, but proh*-
Sii^is
aged
m.
9>s
9T,8
9>i
8>0l8
93»
9>s
to 90, averaxing
»>•
97ie
1.4
OB—
Thurt.
LnUna, Ttxai.—ThD weather haa be»n dry all thu wank
is active.
The thi rmomatfr hu ranged from 41
and picking
bly doing very little dnniHge otherwise. Though oiierpillara
have seriously hurt it, the cotVn crop Is a go'id one. Aver>
age thermometer 69. bixheet 86 and lowrvt Bl. Tne we«k'l
raiiifsU has been fiur iochea and fizty six hundrrdth*.
Gnaro, Texan. The work of gathering the crop hsg been
interfered with this week by the rain, which fell on three
days to the extent of three inches and forty-two hundredth*.
The thermometer hss averaged 60, the bighrst being 87 and
the I'lwent 4ff.
Breiham, Texas,
have had hard rain on three d»y«
of the week, interrupting picking. The rainfa'l reached two
inches and twenty hui dredih". The thermometer haa aver-
Quotations for Middling Cotton at Other Maukbts.—
la the table below we ^ive the closing quotations of niiildlins
ootton at Southern and other principal cotton markuts for eaoo
day of the past week
Wtek ending
607
938"
9'i«
94
9\
9Tg«10
10>8
9'9-9S,a
9»»
—
— Wo
08,
ranging from 48 ti
88.
Bellon, Texa.i.—lltia has fallen on two dayi of the week
to the extent of two inches and forty-eight hundred' hu, and
in" rrupting picking. The thermometer has ranged from 48
to 87, aveiaging 65.
—
Weather ford, Texas. The weathpr has been diy all the
week. We have had frost, but not killing. Picking is active.
9-'
St. IaihIs
9' 8
Average thermometer 60, highest 85, lowest 3\
8
9''l8
Clnciunati...
94
OH
94
94
94
New Oriearts, Lonimana.—li h^s rained on fonr daya of
Loutarllle ...
9:%
938
9>9
9%
9>«
OHi
the week, the rainfall reaching aix inch's and »ixty-two
Receipts from the Plantations.
The followin'g table hundredths. The therraora-iter has averaged 75.
flhreveport, Louisiana, —Rainfall for the week one inch
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor and eighty-one hundredths. The thermometer haa ranged
Southern consumption thev are simply a statement of the from 55 to 86,
';olumb'i*, Mississippi. Rain has fallen on four daya of
weekly movement from the plantations of that part of the crop
the week to the extent of one inch and ninete n hundredtlis.
yhich finally reaches the market through the outports
Lelanri, Misstsstppi. The week's rainfull has be-n fiftyWttk
ReceivU at Uw PorU. St'k at InttrUtr Towru. lUc'vU from Plmit'iu
one hundredths of an inch.
Average thermometer 59'7,
BnMnq—
hijiihest t6, lowest 44.
1887.
1886.
18H7.
1886.
1888.
1888.
1888.
1887.
1888.
iireenmUe, Stivisiiisippi. It ia claimed that the yield in
8ept.2l.
106.601 18'.740l 89.677 68.731 8g,SS4 8«.5ns< 114.419 817.788 1C4.8M
this section will not be over one-half.
There haa been no
'
;166,i'5»l8 745 12''.SW 72,65* Il-<.9»1 61.474 170,»-6 275,162 153,3«S
88
frost, but the weather is now c<>ld with frost in prospect.
Dot. S
197 1C6 25. ,186 180.568 IILS'S 147,9»9
9| 98 alO iS8,087 IWO.aai 227,304
Clarksdale, Mississippi. Telegram not received.
" IS
2H0.28!) 27«,»76 850.644 H.T83a| 178.680 I3» 667 282,665 308.457 262.101
Vtoksburg, Mississippi. — It has been showery on two daya
" 19
886818 271.799 283.86:1 IMB.^ 2l'22».7lo|l74,971 30-1.487 Sai,nl9 298.567
of the week, the raiufall r aching ninety-four bundrr^tba of
" 26
2. 8.483 291.934 270.707 228.997l268.753 198,380 301,95!) 331,987 294,116
an inch. The thei mometer has ranged from 49 to 89, averThe above statement shows 1. That the total receipts from aging 64.
the plantations since September 1, 1888, arel, 4(51, US baleu;
Little Rock, Arknnsas
We have had light rain on five
In 1887 were !.9»4,494 bales; in 1886 were 1,524,738 bales.
days of the week, the rainfall reaching seventj-i-even bnn2.
That, although the receipts at the outports the past week dredchs of an inch. When not raining, we have had very
were 270.707 bales, the actual movement from plantations was f<>RKy nitth s snd mornings. So much dampnees will not
894,110 bales, the balance goint; to incenSB the stocks at prove benefii ial to cotton. If continued much longer it will
the interior towns. Last year the receipts from the plantations >ot bolls, and do more harm than frost. Average thermomfor the same week were 3<J3,987 bales and for 1886 they were eter 51, highe^t 71, lowest 37.
—
301,959 bales.
Hell na, Arkansas.— It has been showery on four days
Amount of Cotton in Sight Oct. 26.—In the table below of the week, the rainfall reaching one inch and ninetywe give the receipts from plantations in another form, and add eight hundredths. Picking has teen interiupted by the
to them the net overland movement to Oor. 1, and also the ram, and cotton comes in slowly. The thermometer haa
takings by Southern spinners to the same date, so as to give averaged 56, the highest being 78 and the lowest 42.
Memphis, 2'ennessee. The weather has been cloudy sll
Bubstantiallv the amount of cotton now in sight.
the week, with lain on six days, interrupting picking. The
1888.
1887.
1886.
1885.
rainfall reacbtd two inch s and iwenty-eix hundredths.
Bad
Reoelptaatthe ports to Oct. 26. 1,278,113 1,749,571 1,343,801 1,388,453 weather and want of rfcilroad cars have materially del»yed
the murketing of the crop. The thermometer has averaged
Interior stocks on Dot 26 in
excess of September 1.
183.005 244,923 180,937 19r>,457 53, ranging from 40 to 73.
NnstiVille, Tennessee. Rain has fallen on six days of
Tot receipts from plantat'ns 1,4H1,11B 1,991,4!14 1,524,73S 1,578,910
week to the extent of one inch and twenty-nine hundredths
3H,4i(2|
Net overland to Oct. 1
9,092
19,635
2v!,m(i
Soutliem oonsumpt'n to Oct. I.
36,000
35,000
32,000
29,u00 The thei mometer has ranged from 36 to 74, averaging 54.
Mobile, Alabama, li has been showery on ttiree daya of
Total In slgnt Oct. 26
1,.«08,210 2,068,956 1,576,373 1,630,820
the week, and has rained severely on two days the rainfall
Northern spinners' taking to
reachii g one inch and ninety-eight himdrediha. Average
0«L 26
250,104 286,353' 224,151' 26.\042 thermometer 67, highest 81 and lowest 53.
MorUyotnery, Alabama,— On accouLt of the raio, whfcb
It will be seen by the above that the 'lecrease In amount In slKht to
nlKbt, Kg oouipar d with lant year, id 5'>2,746 bales, the dovreuae as has fallen on four days of the week, the roads are in bad concompared with
886 is 70,16J bttles and the deoreaso from 18c5 dition. Crop reports are not so favorable. There la plenty of
I8li4.6l0bale8.
ditty ottoii. Too thermometer has averaged 64. the highest
Weatu 1.K Re''orts by Teleqraph. Advices to us by tele- b ing 80 and the lowest 4J, and the rainfall reached two
graph ir iin th>- Somn to-nig'it laaicite t'lut m m tny se ;tlo is inch's and ninety four hundredths*.
the Kathering a 'd niarKeting of the crop have been d- Inyedby
Selma, d tabama. — It has rained on four days of the week,
rainy we ithnr diirin< tie we k.
Li<hc froit-t are reported iu
the rainfall reaching three ini hes and aev, nty haiidredtta.
North Texas and ete^he e, but without da'oage.
Tne th> rmomerer has averaged 1, ranging from 47 to 73.
Qalw to-t, Texas. — li has rained hard on five days of the
tuburti, Alabama.
he n Cdtber ha:* rot ben favorable
wet'k, the ramtall rt-achirg f ur inches and s-venty-hix
for crops during th» week. The precipitation has been two
hundredths. The t at: rmo meter has averaged 70, ranging from inches and ninety-three hundredihi'.
64 to 80.
M'lUi.ion, Florida. The weather has been fair during the
i-ai-r-inx. Tgnaa, — Picking has been interrupted by the hard
week. Average therm ime'er 70, highest 93, lowiai 58.
rain « hich fell on our days of the week to the depth of one
Ooiumbus, (ftoryiu, — Rain hKS fallen on ttree ctajs of the
inch una twen'y one hundrelths. The tberuiomBltr has week, to the extent of three inches and forty hund edtha.
raii).ed from 37 to VH, averaging 63.
The thermometer hts averaged 67, the highest being 80 and
iturUxmUe. 1'eu:iS. We have had rain on thr^e days of the the lowest 57.
week, a'd cr p gafh ring has been inteifeied with. The rainSnoaniiati. Georgia. We have had rain on two daya of the
fall rtach< d one inch and forty-nine hundredths.
Average wiek, the rainfall r>^hChinK one im h and seven hund edtha.
tbermomeier 67, hiKhesc «7, lowest 47.
The thermometer has averagoil 60, ranging frim 53 to 83.
Dalian, 'sj.a.'..— Th'Oughouc the State the picking season
Anytista, tteoryia. Kaiii has fallen on four daya of the
has be- n unusu>illy good, and for the first timt^ this year h >8 wei-k to the ex'eut of one inch and nineiy hundred. h<<. Tue
been intHrrupied this week again. Heie the rainfall reach> d p-mt seasonable weatner wrought cou^id•4rable improve8eventj-dv- bU'idre iths of an inch on th'ee days. 'Ihere lne^l in the crop, but its luiure dependa on the date^
have b. en light frosts in North Texas, doing no barm what- of the flrnt frosr. If lite it will do much to increase ih- pro-"
ever. Though not as large as promised a wnile hack, the crop
duct. Cotton is c.iraitig in fr-ely. Tne thermometer baa
of the Sat-> will bi rauoh greatfr than lust yenr, not«itb- ranged from 40 to H4, averaging 00.
standing the retard* d movement. The tbennometer has averL'/iarleston, tiouth C'urolina.—lt has rained on three daja
aged 6^ the hi^ut so b^-ing 86 and the lowest 38.
of ibe week, the rainfall reaching one inch and aJx hunBan Aiunnio, 7«xo*. — It hxs rained on two days of the dre Itba. The thermometer haa averaged 06, ranging irum 50
week, the rainfall reaching sixty- eight humlr. dths of an inoh. to 81.
The theimomecer has averaged 64, ranging from 40 to 87.
Btateburg, South Caro/tna.— Rain haa fallen 00 three dajk
AiiKiista
Memphis
....
93l8
9»i«
9»8
938
9»i«
!"l8
938
""18
97'
979
—
;
—
—
I
—
I
I
I
,
—
—
—
—
—
I
I
—
—
—
1
—
I
—
—
—
—
THE CHRONICLE.
508
of the week to the extent of twenty-four hundredths of an
inch, and there has heen light frost on one morning. The
theraometer has ranged from 42 to 78, averaging 61-4.
Columbia, South Carolina.— 'She crop is being harvested
huve had rsin on three days of the week, the
rapidly.
Avrainfall reaching one inch and twenty-five hundredths.
erage thermometer 61, highest 7S, lowfst 53.
Wilson, North Carolina.— It has rained on one day of the
•week, the rainfall reaching thirty-five hundredths of an inch.
The thermometer has averaged 60, the highest being 74 and
We
[Vol. XLVII.
Exports of Cotton Goods from Great Britain.—Below
give the exports of cotton yarn, goods, &c., from Great
Britain for the month of S pt-mher and for tlie twtlve months
since October 1 in 1887-88 and 1886-87, as compiled by us from
we
the British Board of Trade returns. It will be noticed that
have reduced the movement all to pounds.
we
Total of All.
the lowest 40.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3
o'clock Oct. 25, 1888. and Oct. 27, 1887.
25. '88. Oct. 27, '87.
net.
Feet.
5
4
7
3
3
Atjove low-water mark.
1
2
S
4
11
Above low-wat^r mark.
Mempbta
VashriUe
BliTeTeport
Vloksburg
Inch.
Feet.
r.A.
3
3
5
Above low- water mark.
Above low-water mark.
Above low-water mark.
Kew Orleans
7
*1
Below zero of gauge.
India Cottom Movement from all Ports.— The receiptf
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Oct. 25.
BOUBAT HECBIPT8 ASD gniPMENT« FOR FOPB TBABg.
•
Shipments
Shipments Since Jan.
week.
lliit
Oontinent.
Great
Total. BritaiH
Tear Great ContiBnt'n. nent.
Receipts.
1.
Since
This
Week.
Total.
Jan.
1.
3.000 1,303,000
8,000 1,497.000
5,000 1.122,000
1888 1,000 3,000 4,000 216,000 tj29.000 ?45,000
6,t00 (j,000 366,000 liSO.OOO l,01ri,000
1887
322,000 875,000 997,000
1886
1.000 220.000l467.000 687.000 4.O0Oll.()15.OO0
1885 1,000
Shipmetits since
Shipments for the meek.
Omitinent.
Great
Britain.
Great
Britain.
Total.
Calcutta—
1888
1887
January
Continent.
Total,
60,000
127,000
86,000
226,000
4,'
00
7,000
5,500
32,000
51,000
9,000
11,000
41,000
62,000
8,000
1,000
2,000
1,000
10,000
2,000
67,000
82,500
33,000
34,000
100,000
116,500
14,000
3,000
5.000
17,000
7,500
125.000
232,500
102,000
172,000
227.000
404,500
1,000
Total all—
1888
1887
Total exports cotton mannfacturea
2.5i
EXPOBTH TO ECBOl-il FROM ALL INDIA.
1887.
1888.
Shipments
Europe
to all
from—
1886.
ThU
Since
Since
Jan. 1.
4,000
17,000
845.000
227,000
6,000 1,046,000
7,500 404,500
21.00o!l,072,000
]3,50o!l,450,500
Bombay
AUotlier ports.
Total
ThU
This
week.
Jan.
week.
Since
Jan. 1.
week.
1.
7.000 1.217,000
—
,
Liverpool and Alexandria, we now receive a weekly cable o(
the movements of cotton at Alexandria, Egypt. The follow ing are the receipts and shipments for the past week and for
t^e corresiionfline' wppk of the previous two years.
Alexanaiia, Egypt,
Bmce
1887.
1888.
BecelptB (cantarg*)—
This week
110.000
353,000
Sept. 1
This
Since
week. Sept. 1.
Exports (bales)—
ToLlveniool....
ToContuient
8.000
2,000
...
Total Europe
10.000
1886.
190,000
536,000
140.000
442,000
This
week.
Since
This
week. Sept. 1,
27,000 15,000
13,000 5,000
Sinci
I
I
45,000 111,000
15,000 2,000
I
Sept.
1
39,000
T,0U0
40,000| 20,000! 60,000 13,0001 46,000
A can tar Is 98 puuuila.
*
This statement shows that the receipts for the week ending
Oct. 24 were 110,000 cantars and the shipments to all Europf
10,000 bales.
—
Manchester Market. Our report received by cable to-nigh t
from Manchester states that the market is easy, and that the
demai d for hoih jams and sheetings is poor. We give thtprices for 10-day below, and leave those for previous weeks of
this and latt ye>fr f"r cmparison
:
1888.
en
32« Cop.
Shirtings,
Twist.
d.
d.
1887.
Ootl'n
lbs.
B.
d.
s.
d.
•'•%
®8%!
• 12 7''8 ^S^B
" 19 779 ®838
6
®7 2
87 1
6
6
6
•3(7
1
1
1
«i«36
6
•a?
1
Spt.21
7''8
®8>fl 5 10
••28 778
Oct. 5 778
"
2e'7''«
8(7
®7
Sk
Mid. 32» Oop.
Twist.
Uplds
d.
d.
d.
8.
5l6ie|7i4 '»7t5ie 5
6
7Bj8®8
5^8 I7»8
516i8l738
5'8 i738
®8
as
®8
—There
is
lbs.
Shirtings.
5
d.
B.
d.
7i«a6 9
7i9»6 9
5 7H-a>6 9
5 7»sa6 9
5 71296 9
5 7isai6 9
Mia.
Uplds
d.
5^1
fls*
f<A"
ft^
5>4
5he
only a light call for
bagging, scarcely a ly disposition being shown by the trade
to take any quantity. Prices are nominal and sellers are
quoting 11 j^(gl4c., but it is reported that less has been accepted. S me inquiry is noted for jute butts and prices are
firmly held at 2}^ ^3 3-160. for paper grades and 2J^(a3 7-16c,
for bagging quality.
Jcte Butts, Bagging, &c.
lbs.
Cotton Movements and Fluctpations 1882-1888, by
Latham, Alexander & Co., New York.— The Messrs. Latham,
Alexander & Co. believe in not only making a book useful
but also attractive. They issued last week the fifteenth annual
edition of their " Cotton Movements and Fluctuations," and
it is fully up to the high standard which this work has always
held. First they give an interesting review of the market for
the past year, written by themselves, with suggestions as to
the crop and the world's needs. Next we have Mr. Ellison's
usual letter, prepared t xpressly for the volume and when he
;
Alexandria Reckipts and Shipments. Through arrangements we have made with Messrs. Davies, Benachi & Co. of
'
crease of 73,850,000
writes anjthiug about cotton, the trade always likes to read
997,000
250,000
7,006
1.244,591 1.171.741
The foregoing shows that there has been exported from the
United Kingdom during the ye'ir 1,244,591,000 lbs. of manufactured cotton, against 1,171,741,000 lbs. last year, or an in-
6.000
1,500
1888
1887
All others—
1888
1887
Sundry articles
1.
26,000
99,000
Madras—
StocklDgB and socks
it_
These are followed bv the usual facts, figures and reports,
with daily receipts, prices, &c., all brought down to the latest
We also notice in about the middle of the volume an
dates.
article written by Mr. Thomas Ellison respecting the consumption of cotton, wool and flax in Continental Europe,
showing that the enlarged consumption of cotton on the
Contiuent has been due in good part to a change in taste
substitution of cotton goods for woolens and for linens. This
change took place in America first, then in Great Britain, and
now on the Continent. For years this reference book was issued
for the special benefit of Messrs. Latham, Alexander & Co.'s
friends and patrons, and circulated gratuitously; but the
demand for it increased so largely they concluded to put a
price upon it, so that those who really wanted it could have
it.
The price is two dollars a copy.
—
—
Egyptian Cotton. We have received from our correspondent at Alexandria, report No. 23 of the Produce Association of that city, giving a re.tume of replies received from
correspondents in September. We give a translation below :
J?^/(^/'o.— Tlie comparatively cool we.atbcr ill Beli6i'a
lias not been t'avoralile for tlie cotton plants.
duripg September
Worms have reappeared
m
considerable numbers in tbe northern part of the province and
especially on hinds irrigated by the Mahomou(li6h canal, but have not
shown themselves elsewhere. Fogs have occurred almost everywhere,
but have been light and not injurious. It is believed there will be a
good average crop.
Chark'iii.—Ho worms have appeared in Charlci^li since July, but toga
have set in aLd have done appreciable damage. II is said, too, that cool
weather has arrested to a certain extent the development of the bolls,
which are late in opening and some *if which remain small.
Jjakahhih. Eepoits from Dakahlith are satisfactory. There have
been no worms and alo^ost no fogs, and no damage has resulted from
the latti r oceptto some helds of Bamidh cotton. The weather in September, however, was not suflicieiJtly warm.
Oalioubieh.- Galioubidh.like Chnrkich, has been free from worms, bxit
has FuiTered froui fogs. In consi (|ueucc of this it Is reported that the
devclopnient and opening of the bolls lias been arrested.
Garbiih — Woims have not i eappeared in Garbitt, and the fogs which
have been ootid in sevcial localities have been of short duration and
generally coBeldei'td of little account. The province is satietied with
the crop, though our rej orts are not quite free from complaints respecting the temperature and the develoj ments of the bolls.
ifoioK/fiA.— Keporta from Mcnoutl^h are identical with those from
Rarbl6h as regards worms and fogs, but more favorable respecting the
yield per feddan.
Fayaum .—Iha news from Fayoum
is not so ^ood as it was last month.
are told that tbe cotton plants carry more than the usual number of
but that the bolls are tmall and very slow in opening. These dittiiiilties are .attributed In part to fogs and cool weather, but especially to
the droutht suffered in July and AuguBt in conscuutucc of the bad rise
of the Nile.
We
bolls,
OcrOBEB
THE (;hroniclk
87, 1888.]
Vpper Effi/pl.—XilviwK from ITppor Kirypt are (rood. No lulvcrae
ciii'umstuiiiT opiMtrred in H(ipt*Mnbpr ami tlip orop U (iiilto forwurit.
Oenettii oftsi rriititmg.—W'c rtitin^t to Rtmo that tlio .'<('p'*""»''t'r reportn
arc not Bti favnrablo nR thoRO In (nir Iiiat r^gnm/. In the llrsi placo compuratlvcly oodI wiallior for the season lun prevallod evorvwlicro anit
lias not liorn licMulkial to tile cotton plantR. wlilcli vory much ncod heat
at Ihla time of the year for the proper ilevrlopnient and opening of tlio
liolU. On thlN account tlio orop In ten days hito.
In the scoind place,
fiitfrt have liecii
prevalent at (Muirkli-h. (fallouhUsh and K.tyouni, where
they have done inoif or less serlou.s ilaniaKO, it heluK especially from
these proviiu'cR that leporlx come of the lioUs belQK H'nall anil late in
opening. TliUR far the other provinces Inive not had to siitTcr from
fo^M. It is hcllovtid, indeed, tlint If hot weather sets In a^-iln diiriiiLC
October, and if fojjs ludd oft*, the crop may much improve, and th<Ueven
the province-^ wideh complain the most may secure a )0>od liarveHt. Wo
weather has l>ecu warmer durlmc the latt
few days. At present mueii nuecrtalnty exists, and it Is Imposslhle for
us to express nn opinion ou the result of the harvest. Next month's
temperature will decidi? it. We are, in fact, the les." able to speak of tlio
result Inasmueli as tlie return from KlnulnK has thus far been a number
of per cent less than usu.al, and no one can toll whether or not tills will
continue so throuKliout the harvest,
For Havre-Oot.22-8l«amor Dnak, 1,071.
ForHalerao-Oct. 20 -Hark Aiirella, 1,410.
Kortieima— Out. lu-liark Hirona, l,08(>.
For Ilircelona-Oct 23-St«am«r Benaern, l,0.^0
yil.MINiiToN— For Llverpool-Oet. 18-Steamer Ashdell, 4.1110
Boston- For Llverpool-Oet. i.!--.o....„.r Venetian, 2,517- Oct. 19-»
Steamers Palestine, 2,1
,,
.ms
Oct. 22-«te»m«»
*-">•«»>•
Iowa, 2,431 .. Oct. 23 K-lnian.
For I/cmdon-Oet 19-Steai.,.i i.i,, r,U Queen, 800.
Baltimokk— For Liverpool—t)et. 22-Bteamer Nova Seotlan, l.Ue.l
PaiLADici.i'iiiA— For Llvorpool-OcL 2J-Stoatuer llrilish Prlnocs*.
'
.
2,426.
-are kIiuI lo report that the
LiVEBPOOL, By cable from Liverpool we have the following statement of the week's sales, stocks, &c. at that port
Shippinq News.—The exports of tsotton from thp Uniteo
States the past week, as per latest mail returns, have reached
184,533 balea. So far as the Southern ports are concerned, these
are the same exnorta renortwi bv telegraph and published in
the Chronicle last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday.
Sale* of the
Total baUi.
Brlt-
Kkw York—To Llverpo-l, per steamers Aurania,
[
£09
BAVAiiNAii - lor LlTerpo<d-(),t. 30-nt««m«r Kmllluo,
5,783.
KorBanxdona -Oet 20 -Steamer Hrnilta, 4.300.
C^ARl.E.sT<>N-^•o^Liv(^^pool-Oot. 24-Ht«aiiMir Ueaaarabla.
I.P3S
anuie, 2,934. ...City of New York, 3.S61 .. City of Richmond, 2,477
Ethiopia. 759....(>allia, 2,258
Hlpparchus. 2,232 .. Spain. 3,023. ...Wyoming, 2,289
21,777
To Hull, per steamer Otranto, I,97.'5
],97i5
To Havre, per steamer La BourKO«nc. 1,602
1,602
To Brenun. i)er steamers Fulda, 1.2.">0
Trave, 700
1,9&0
To riamburg, per steamers Hamniouia. 1,451. ...Rugia,
1.300
2,7.'51
7...
To Rotterdam, per steamer Amsterdam, 400
400
To Antwerp, iter stciimera Westcmland, 2,645. ...Zeclaiid,
3,746
6,391
To Copenhagen, per steamer Danmark, 725
725
To Barcelona, per steamer Britannia, 500
500
3fBW Ohlkans— To Liverpool, per steamers Alava, 4,766....
(Jovemor, 6.292
Counsellor, 1,180
15,538
To Havre, per steamers Marseille, 6,271
St. Asaph, 7,347 14,118
To Bremen, per steamer City of Lincoln, 7,444
7,444
To Reval. per steamer Beresford, b',202
6,2li2
Savannah— To Havre, per steamer Azalea. 5,072
5.072
To Bremen, jicr steamer Coroidlla, 3,ii00
To Genoa, per steamer Irene Morris, 4„500
I<lHARLEsTos— To Liverpool, per steamer Poutlac, 4,098
To Bremen, per steamer Avalon. <i, 051
I
I^Ai-VESTON— To Bremen, jter steamer Klmtleld, 2,852
!
To Vera Cruz, per steamer Whitney, 658
|3fORFOLK— To Llveipool, per steamers Alps, 4,777
3,900
4,500
4,09S
6.051
2,852
658
Tllinois,
3.058
To Bremen, per steamer Progrcao, 5,395
"West Point— To Liverpool, per steamer Marathon, 4,870
afKwfor.T Nkws— To Liverpool, per steamer Pontiac, 096
BosTo.v— To Liverpool, per steamers Cephalonia, 200... Noraeman, 2,601
Philadku-hia— To Liverpool, per steamer Lord CUve, 1, iio.".'
,
To Antwerp, per steamer Pennsylvania, 2,212
,
Total
8,735
5,395
4,870
696
2,S01
1,310
2,212
Oct. a.
balea
Of which exportom took.
Of which speculators took
Sales American
Actual export
,
Forwarded
Total stock— Estimated
c
Of which American Eatim'd
,
—
Total liniiort of the week...
Of which American
Amount
atloat
Liver-
dt
Bvll. Havre,
pool.
.Ifew York
IJ.IOrlcans
.
21,777
15,538
.
4,698
•Oalveston..
Norfolk.. ..
West Point.
8,735
4,870
.
•'Savannah
Ham-
C'open- and
burg, haijen. Genoa.
- " 7,516
1.602 4,701
14,118 7,444 6,202
8,072 3,91,0
0,051
2,852
DfOUd ••••.•
1,975
.
Charleston
Cruz.
500
4,500
658
«*
38,071
43,302
13,472
10,149
3,510
14,130
4,870
Fully
1
maint'ned
Firm.
Qaleter.
5"ie
5l5,g
5>Sl«
Balea
Spec. <t: exp.
10,000
1,000
10,000
1,000
8,000
1,000
\
Futures.
Firm at
Market.
Steady.
{
12:30 P.M.
Mon.
Batur.
Tue».
WedneM. Thuri.
Fri.
»32®ISlg
"18
"32
DovlaGl'sg'w.rf.
Bavre, steam
sail
\
»8
c.
c.
Bremen, steam
..
»18
e.
"18
78,000
4,000
4,000
59,000
7,000
60.000
25O.0OO
150,000
48,000
39,000
58,000
3,00O
3,00O
44,000
6,00O
69,000
2.53,00O
152,000
73.000
5fl,00O
180,000
170.000
1.52,000
141.000
I.«4ad.
Tance.
Qnlet.
Very
Market,
4 P.M.
Friday.
In bsyera'
faTor.
S»8
10,000
1.000
10,000
1,000
8,000
.500
OUady
Steady at steady at
1.64 adv.
l-8» adT.
at
partially
1.04
fS7dt
ad
ellna.
ranee.
Barelr
steady.
BteMQT.
Fair
bnsineaa
dolD«.
Finn.
Baay.
Qnlet and
stwdr.
•teady.
The opening, highest, lowest and closing prices of futorea at
Liverpool for each day are given below. Prices are on the
basis of Uplands, Low Middling clause, unless otherwise stated.
The prieet art given In pence and 64(A« (Aim.- 5 63 meant
5 63 64(<., and 6 01 meant 6 l-64d.
t^
8at.. Oct. 26.
Oiwn Bl9h Loy>. OtM
d.
d.
548 5 49
6S4 ft34
Not .-Deo... 587 B27
Dec.- Jan. .. B24 8 25
Jan.-Feb. .. S24 8 2S
Feb-Marcb 5« 525
Mar.-April Bse 9S7
April-May.. 528 5 18
May-June.. 530 BSU
..
.
..
.... 6 46
Oot.-NoT... 634
8 26
6 26
5 28
6 29
M&y-June.. 6 31
Low. OlM. Open Biah Low.
d.
5 48
8 48
5 48
8 48
8 48
8 48
684
636
8211
6 28
5 30
834 8!I4 8 31
927 6 27 6 26
6 85 8 as 834
6S5 6 2S 8 24
8 28 6 2A 628
827 827 826
529 6»> 6 28
890 831 • 29
549
SS4 5 34
S27 8 27
S24 823
ft2t 826
5£S 828
52S 8 27
588 528
5 30
Clot.
Than.,
Oct.
d.
624
526
820
6 27
626
628
630
628
880
29
d.
d.
d.
d.
d.
6 46
6 44
6 49
6 49
8 40
9 44
6 46
534 b;3
6il4
835 639 6 34
9 211 6 29 628
6 27 627 616
6 27 627 S2S
6 28 828 Bin
629 629 688
630 631 6 29
982 633 6 31
684
628
627
626
8»7
625 6 26
8 28
8 28
627 62:1
629 6 29
5 31
6 31
6 31
d.
d.
649 648
635
6 29 628
827 826
927 92rt
6 27 627
6 28 628
6 SO 830
882 8 31
6W
FrI.. Oct.
628
6 30
6 32
d.
d.
dL
648
SM
t»
6 27
627
627
628
690
6U
26.
Open Bigk Low. Oo*. Open H(«k Low.
d.
6 28
5 27
8 28
6 30
6 31
d.
6 26
8 24
d.
Not. -Dec... 628 6 28 8 27 6 28
Dec-Jan. .. *26 6 26 8 29 628
Jan.-Feb. ..
Feb.- March
M&r.-Apill.
April-May..
0pm
Ta«*., Oct. 3
d.
Open Bigk Low.
October
>., Oct. tt.
d.
d.
Wednea., Oct. 34,
d.
SI
Ctos.
4.
d.
6 43 643 9 43
632 6 32 632
62« 626 626
6 24
6 25
6 24
624
626
628
628
680
62S
626
626
628
630
624
626
628
628
630
643
6 82
62S
S2S
6S&
sas
628
630
"^'ll
via I.«lthd.
Hamburg, steam
oa
=8
e.
70*
70*
70*
70*
70*
»»e4
ls2a''8
Seval,ateam. ...<!.
Ball
70»
%
(/.
Barcelona,eteam d.
Oenoa, Steam
..
<U»twerp, ateam
Per 100
38
1*1
ii.,2'a3tB|
d.J
^le
«®%
Bl,»%
.d.ii32-23,^
TIdeste, steam...d.|
BREADSTUFF S.
»3g
^Lmat'd'm, steam.c.
Do via London .((,
Do
%
»8
Do via London.d.
I
'l«®98
^s®7,g
%9''l8
018®%
%®7ia
».ia'^°ia
*a3''*''i8
'32®' 18
5l6®%
»18®%
3B®T,g
»3j®6,g
lbs.
Below we add the clearances this week of vessels carrying
from United States ports, bringing our data down to
-cotton
the latest d.ate8
<Jalveston— For Liverpool—Oct. 19—Steamer Clare, 4,530
:
Oct.
22—
Thomas Turnbull,
-Oct. 20-Stcamcr Q'loeu. 4,72 7.
Nkv.
\N<— ii-or Liverpool— Oct. 20— Steamers Francises, 6,847;
-:;.
I.OIS
Oct. 22— .Steamer Federloo, 5,252... Oot. 23 —
.~t.
rsciiliitor. 3.38 4 ...Oct. 24— Stoamor Bernard Uall, 6,395.
oi II,! re-Oct. 2S—Steamer Baonos .4.yreau,
10,003.
,.r r.i, r.;..u_Oct. 19 -8te,'»m'-r Montauk,
5,582.
1 Ji r. ir niona-Oot. 19 - Steamer Heraan Cortex, 4,085.
...Oct. 22—
'
Pt-:--irs Pedro.
;
.
'.
1
1
in; V'.ihwlora, 4.->0.
i'or
Ocf.20J
Oct. 19.
WedntM. Thurtd'y.
5
Total
Uverpool, steam d,
36,000
6,000
40,000
270,000
161,000
38,000
29,000
120,000
105,000
78.0001
Mld.Upl'd8.
lUd. Orl'na.
696
59,825 1,975 20,792 30,343 15,930 5,000
658 134,523
CSotton frelKhts the past week have been as follows
1,000
Salurdau Monday. Tuttday.
apoi.
Market,
12:30 P.U.
2,801
3,522
2,212
1,310
rhil'dclph'a
Total.
50,000
3,000
:
Oct.-NOT.
Vera
Oct. 12.
46,000
4,000
2,000
30,000
7,000
34,000
239,000
171,000
29,000
24,000
94,000
The tone of the Liverpool market for spots and futures each
day of the week ending Oct. 26 and the daily closing prices
of spot cotton, have been as follows
October
.N*wp'tNcws
696
Boston
2,S01
*
,
134,523
Botlerdam,
AnUcerp,
Renal BareeBremen and lona
Do
,
Of which American
The particulars of these shipments, arranged in our usual
<orm, are as follows
Do
week
MaI,iga-Oct. 19 -Steamer
Heman Cortez,
2,000.
Fkuat, p. H.. Oct. 26, 1889.
Trade in flour and meal has been exceptionally dull for ths
week under review, and we have to note consiieraole changes
in prices toward lower flgure.i.
Still receipts were m'xlerata
and the offerings at a reduction were generally irregular aad
broken parcels, which receivers were unwilling to eend
to store. Oood lines weie well held, there having been bat
To-day th*
little abatement in the
cost of prcduotion.
market was very firm, but quiet.
The wheat market early ia the week was notably defioiMit
in salient features, speculation at times was quite at a (tand
still and the regular trade remained very small, there being
no export demand at current prioes, and local millers apparBut a dtcline in fut\ire8
ently not wanting supplies.
on Wednesday was followed on Thursday by some immanipulation.
To-day
Western
to
provement,
due
there was a further a-lvance, in responie to a similair
course
of
values
at
Chicago,
but
the cloae
was
doll.
THE CHRONICLE.
610
DAILY CLOSIKO PBICES OF MO. 2 BSD WUrrKB WHKAT.
Wed.
Thurt.
Sat,
Mon,
r«/w.
NoTember delivery
Deoember dnllTery
o 1 09''8
c.l ll'g
o
o.l lesg
1 lo^a
1 1038
112^2
1
1 13i>8
1 ISkg
1
0i)iia
1
1
11>3
1
12%
THE DRY GOODS TRADE.
Fri.
U3s
13H
1
13
1
1476
[Vol. XLVII.
Nbw
York, Friday
P. M., Oct. 26, 1888.
The week undtr review has witnessed a very fair movement
1 17H 1 1714
1 18=8 1 20
May delivery
in some descriptions of dry goods from first hands, but the
Indian corn has declined under free offering8 at all points. market as a whole was quiet, as is usually the case at this
At the led uceo prices business has been good. Shippers have stage of the season, and parlioulirly so in years when the
been lici-rhl luyers, and local dealers nought at times with Presidential Klec.ion occurs. The demand for staple
cotton
coEsiderable animation. To-day a slight further advance
goods was better thai of late, and tbere was a coatiouatioQ
checked business.
of the improved undertone in this department which has been
DAILT CLO8ISO PRICES OF MO. 2 MIXBD CORN.
developed within the last fortnight or so, ii ne inducements
Wed. Thurt.
Fri.
TtiKt.
Mon.
Sat.
4968 having caustd interior jobbers and the manufacturing
49=8
49>a
50%
49%
November ,dli very ....c. 51i8
trade
50i^
-^0
51%
5014
50H
Decimber uelivery
c. Si's
4K%
4S"8 to anticipate future requirements to a not inconsiderable
4S%
49
48>fl
January delivery
c. 49%
48
47%
47^8
48
48
Maydellvery
c. iS's
extent.
Donoestic dress fabrics aiapted
January deliyery
1 12%
1 16=8
1 16>4
fr^.
to next i-eason continued in good demand, orders for fine ginghams, seersuckers,
eateens, zephyrs, chambrajs, &c., having been placed in this
connection by package buyers with a degree cf liberality denoting ample confidence in the coming spring trade.
The
:-:o%
market
e without decided feature. As a rule prices are
tailed, and in sc me caees slightly dearer, being held
ivith much corfldeLce at the close.
Oats
w tU
DAILY CLOSIMO PBICBS OF MO. 2 MIXBD OATS.
Tvet.
Wed. Thurt.
Man.
Sal.
NoveiDber delivery
c.
December delivery
January delivery
c,
o.
30%
31%
32%
SOia
Sl^a
32>s
311I2
30=8
31=8
301s
31%
32%
32%
311-2
31%
32%
32=8
Eye 13 dull and nominal. Barley has declined, leading
more activ ity.
The following are the closing quotations:
Southern bakers' and
family brands
Rye Hour, superUne..
Fine
Cora tueal
Western, Ao
«bbl. »2 8>®S3 50
3 30® 3 85
» 75a 4 25
5 25® 6 75
3 85® 4 30
Winter XX and XXX. 4 40 a 6 00
6 25® 7 50
FatenU
3 20® 3 75
Bontbem supers
35® 4 40
extras.
3
Boath'n com.
Fine
Baperflne.
Bprlng wheat extrasBunn. clear and stra't.
Winter sbiiipV extras.
Wneat—
,
Eedwlnter
White
Com— West'D mixed.
The movtment
Bye—
«1 35
al 14
«1 13
98 «1 18
105 ®1]8
West'n mixed No. 2.
eteAnler^o. 2
Western yellow
Western white
I
0.
No. 2 mixed
No. 2 white
48 ®
49=8®
50
50
51
52
1
'
9
92
80
a
®
a
Six-rowed State
Buckwheat
of bieadstuffs to
70
32
'a
30 ® 39
3014®
9 31"*
33=8®
® diHs
White
I
65
29
State.Wbn.
Oats-Mlxed
Barley—
50
49^8
Canada No. 1
Two-rowed State..
....
®
®
®
$4 fO® 5 75
4 00 ® 4 50
2 60® 3 00
3 10® 3 30
Brandywtnn
3 30®
Buckwheat Hour, per
100 IDS
2 90® 3 10
c-
c-
Spring, per bush.. 105
112
Bprlng No. 2
Bed winter No.2.. 1 12
to
85
95
»:t
88
70
market
is
indicated in the
Btalement beli w, prepared by us from the figures of Ihe Nrw
Yoik Pioducc Exchaiige. We first give tha receipts at Westem lake and river poits, arranged so as to present the com
parative movtment for tbo week ending Oct. 20, 1B8», and
Bioce August 1, for eacn of the last three years:
ilMeipti at-
Wheat.
Flour.
Com.
Bhii.wmbi BlMll.60 U>r Bush.SH U>
131.768
01iloa«o
Milwaukee..
Bnlatta
MIoneapollB.
50.4i-9
107,478
832.828
227, 7sO
73.724
2.272.2-i6
1,681,250
18.480
»3,0U0
61,887
56.663
27 050
210,430
40-,C00
1.534.249
8.5
«0
23il,S02
69,351
Detroit
Cleveland.
eu Louis
5,588
433.878
60.15*
375,986
60.170
18,457
Tot.wk.
4.860
'88.
Bamewk.'87.
temeok.'SO
Oinc€ Aug^ 1.
1888
1887
ISfW
8.881
25.671
Barlty.
BlMk.48
16»
686,»6a
431,100
RVBu.
M
.
I
168 925
35,600
...
Toledo
Peorta
Oot».
fllis/1.82 lh»
15680
141. 9J0
175,200
1,000
23.895
18,>62
B,491
....
216,594
2,013
30,417
40,2i)0
30,i80
272,5"6
318.8;0
iSi.SJl
187,000
8."09,268
2.71/1.404
2.443.2*-0
1,415,81X
S.726,078
2.B«a371
Z.ilO.Vil
797.C.6
61,1 0.J
2,636,703
1.826,628
1,282,099
828.023
64,272
8.025,321
40 249.078
27.818.653
28.125,8.34
6.791,444
2,303.223
8.«53,t82
2.S75.41«
34.136.372
38.180.384
24.60H.ll5u
24,977,553
28.820 8.S5
24.48U.21.8
7,734,443
8,209.160
u
575,400
904.742
The visible supply of grain, comprising the stocks granarj
at the principal pomes of accumulation at lake and seaUoaro
ports, ana in transit by water, Ojt. 20, 18tJ8
home manufacture luled
advance in the staple has imparted more
firmness to man\}factuted gools.
Foreign goods ruled quiit
for men't-wear woolens of
quilt, but the receut
in first hands, but very fair importation orders for certain
spring and cummer fabrics, coupled with conditions that
samples must be furnished at the earliest possible moment,
were placed with importers.
The jobbing trade was quiet,
but not more so than is generally the case " between seasoBs."
Domestic Cotton Goods. The exports of cotton goods
from this port for the week ending Oct. 23 « ere 2,698 packages,
valued at $144,308.
Theee shipments incluiie 813 to South
America: 760 to China; 700 to Hodidah; 139 to the West
ladies; 102 to Central America; 76 to Europe; 41 to Mexico,
and 67 to all other cfiuntries. Since the 1st of January the
i-xporis aggregate 121,075 packafcts, valued at |7,308.8i9. Of
this total China has had 40,753 packages, valued at $3,048,.S31,
and 28.904 packages, valued at $1,856,926 have gone to
For the same period of 1887 the exports
S'^uth America.
to all ports were 156,864 packages, valued at $9,435,776, of
which 76 791 packages, valued at $3,651,171, went to China,
and 82,926 p ckageo, valued at $2,36i,026 to South AmerTo ihe crrespfinding time in 1886 the toial shipments
ica.
reached 173,259 packages, and in 1885 were 148,710 packages.
As above noied, there was a decidedly bttter fteliugin the
market for staple cot'on goods, accompanied by a more active
movement in fome descriptions. Colored cottons, as denims,
tick», dyed duck, cheviots, &c., were mo^e freely distributed
by means of (.light time and price concessioi s, and stocks in
Brut hands are now in such good shape that prices are firmer
thin cf late. Fine-yarn brown sheetings were in gool de-
—
mand and a
fair Lu-inesg
was done
in coar8»'-yarn sheetings.
Bleached goods were in steady but moderate request, and
there was a li^ht tusmess in wioe sheetings, cornet j ans and
satteens.
F at- fold cambrics and silesias continued to move
steadily at firm pricew, and there was a freer demand for cottona'es and camlets by the manufacturing trade. Print
cloths were in fair demand and very firm, on ihe basis of
8 13-16j, for 64x648 and Si^c. for 56x603. Stocks last Saturday
aiid lor the three previous years were as follows:
1888.
Oct. 20.
Slock of Print Clotht—
Held by Provideuce mauul'rers. 22,000
8,000
Fall River uiauiitHcUuers
Pro
•
Idence. siteoulators
Outside speculators
(esc)
Total stock (pieces)
1887.
39,000
46,000
75,000
30,000
343,000
14
2 ,000
28,0 '0
.
one.
None.
18«fi.
Oct. 23.
Oct. '2i.
183,'
42,1)00
10,000
1«85.
Oct. 24.
333,000
26s,O00
260,000
160,000
105,000 1,021,000
calicoes were quiet in demand, but a j^ood tusinees
in printed sateens, fine dress ginghams, zephyrs,
seersuckers, chambrajs, &c.. for later di-livery, anO staple
Wheat,
Com,
Oats,
Jiye,
Bartev, and fancy whiie giods were fainy active in fir^t hands.
bush.
In store at—
bush.
bush.
bvth.
bush.
Domestic Woolen Goods.— Toe (demand for light-weight
9,083,116
983.037 1,987.624
Uew Xork
2,7si7
12.993
woolens at first hands was disappointing and strictly
125,3(iO
262,900
Do aHoal
56.40J
3,5
10,000 clothiug
Albany
30,525
55.600
32,000
1,50j modtrote in volume, t,ut very f iir deliveri s of spring cassi3,746,i88'
Bnllaio
664,985
5 ,391
91,475 192,478 meree, suitiok^s, coatings, &c., were made by the mill HgentB
4.22.5,235 4,508,884 2,296, 22
Chloairo
533,318
72,260 onacccuntof back ordeirp. Heavy cassimeres and
suitings
511,015
Milwaukee
6,178
17,19tf
113,7o5 187,67"
7r3,'06
46,299
Puluth
5.016
2,648 Wrre in fair request, and the upward tendency of the staple
1,929,205
122,637 145,248
Xoledo
23,401
Overcuatings
imparted
firmness
to
prices.
has
luled quiet,
1,280,733
Detroit
67,287
52,333
18,913
6, 22
and cloakiDgs were in light demand, but a fair trade n as none
52,000
Oewogo
425,000
sto.'kineis
and
jersey
cloths.
Satinets
were
in
mostly
quiet,
4,097,800
415,605 982,587 126.674
Bt. Louis
18,642
6(i,000
14,000
Clncmiiatl
41,000
70,000
10,000 and Kentucky jeans and doeskins were lightly oeait in by
5,024,
151,387 340,171
Boston
1,282
1,9 9 package buyers, but there was a steady movement in the latier
39,779
Toronto
189,207
of former transactions. Soft wool dress goods
317.572
37,766
MoExreal
1,647
l,98i on accunt
548,925
112,843 196, 08
Philadelphia
adapted to women's wear continued in pretty good demand,
154,186
64,749 616,254
Peoria
74.338
18,011 and a moderate business was done in worste dress fabrics.
388,04 5
Indianapolis
6.779
67,293
3,6. .3
For flannels an<l blankets the demand was chiefly of thehand<
302,300
7,2u3 328,270
Kansas City
8,291
ti-mouih cb racier usually noted at this time of year, but
Baltimore
1,371.465
104,179 160,200
11,506
Minneapolis
2,C6.S058
prices ruled firm in sympathy with the staple.
St. Paul
65.000
Foreign Dky Goods were for the most part quiet in import58,'. 03
30,545
On Mississippi
446,618 1,661,805 328,971
On Lakes
79.y39
70,000 ing circles, bui, some veiy fair importation orders for certain
701,000 1,958,800 189,100
On oanal & river.
8,000 180,000 speciali ies adapted to next season were placed by jobbers and
large retailers.
Piece silks were conspicuously quiet, but
lot. Oct. 20, '88. .S2,«72.370 11,203,451 7,757,581 1,202,342 1,401,070
desirable makes of diess goods were distributed in fair quanlot. Oct. 13, '88. 32,260.201 10.461.176 7,737.778 1,116,040
713,762
Tot. Oct. 22, '87. 32,656,565 7,924,368 5,790,442
313.345 2.142,776 titles, and there were indications of a better demaud for holiTou Oct. 23, '86. 56,274,340 13,435.561 5,35h,369 435,867 2.303,258 day goods in the early future. The auction rooms were
Sot. Oct. 24.'85t. 45.66.<,616 5.263.434 4,726,854
622,012 1,709,344 pretty well supplied with silk goods and drees fabrics, bat tht
i Mmneaimlia and St, Paul not include 1,
loim.r eold low, while lair prices Wtre obiainua lor the Utter,
Primed
was done
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,
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@FedFRASER