The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
xtmtk
HUNT'S MERCHAJSTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
fEntered aooordlnn to Act of Congress, In the year 1891, by Wm. B.
VOL.
Dana A
Co.. In the olltce of tlie Librarian of Congrees, Washington, D. O.)
SATURDAY. OCTOBER
53.
3,
The exhibit
CLEARING HOUSE RETURNS.
for the
The following statetneat shows the bank clearings for the
'week ending to-day (October 3.)
Week Bnd<nt SeptemlKr
IMl.
New Tork
1890.
1891.
Percent.
Sale*
New York
$661,773,603
91.901.317
5S,923,8nO
11.088,111
77,447,000
17,431,260
7.296,499
246.016,211
5 days
Cl,056,14e,946
216,743,633
+2-3
+13-8
$],»25.700,a»8
New Orleans
151,908,766
$1, 080.684,64 7
et Lonls
$904,23!>,IS9
154,823,107
Philwlelphia
Baltimore
<!hicago
$835,816,830
88,049,744
68,794,142
11,847,200
76,742,000
18,269,290
6,918,983
$92S,8B1,9i40
Boston
$1,371.890,578
+4-3
Other cltleK, S days
Total
.AH
all cities,
cities, 1
Total
S days..
day
all cities for
week...
Sept.
and since Jan.
September.
1800.
3,323,530.209 3,091,»93,339
Boston
—
Providence..
Hartford
fiprlni;fle]d ....
Worcester
Portland
Loweil
New Bedford
Total N. Bn«
Philadelphia.
Pittsburg
Baltlruure
462,852,480
-H-1
+4-4
-11-8
-6-4
299,901,796
65.420,124
62,120,336
31,203,181
6,500,026
3,388,374
3,292,129
445,966.783
471,826,985
398.167,000
54,«57,250
31.838,630
26,145.899
24.033.833
13.464,900
8.945,690
6.054,017
3.963.435
359,984,
53,099,
567,890,684
533,624,220
53..i75.83a
Washington.
WUmlnKtoa..
fiyracase...
Total Middle
Chicago....
Clncinnatt.
Milwaukee
..
-Cleveland
ColambuB.
IndtanapullB».
Peoria
-Srand Rapids
Tot.M.WeBt.
San Pranctsoo.
iPortland..
Ijos Angeles..
Total Pacific
98,248,046
36,79;
26,964,
24,926,
12,420,
8,808,
7,920,
3,028,
Taooma
Kansas
41,627.010
39,207,070
19.367,206
17,150,000
18,361,872
10,220.000
6.349,046
3,173,607
2,862,438
2.028,624
2,150,000
1,604,938
City..
Minneapolis..
St. Haul...
Omaha
Denver..
..
Dnialh
6t. Joseph ..
Bloux City ..
Des Moines.
Wichita
Zilnooin
Topeka
holes.)
(Oottoiv
(Grain
(Petroleum
buehels.)
bbls.)
-4-»
+5'6
Springfleid....
+2-4
Iiowell
1,026,962
1,236,812
1,068,783
672,383
365,934
89,445,410
4,401,000
1,870,924
1,163,978
1,174,288
1,114,980
1,243,677
607,201
346,947
118,440,106
101,387,405
73.778,363
13,280,238
13,935,937
7,964.169
1,412,947
1,278,141
820,800
825,710
70,388,561
15,846,601
14,16.%003
8,034,007
1,412,988
1,216,216
755,905
723,719
118,294,305
112,342,897
+ 1-9 New Bedford,.
follows
1891.
New Bnglsnd.
Total
Philadelphia..
Pittsburg
Baltimore
3,477,176.732
198,420,300
78.834,490
52,512,412
46,067,713
44,936,600
4rt,135,729
29,025,550
17,174,743
3,812,468,420 -8-8
189.021,700 -)-6-0
79,118,310 —0-4
49,748.870 -h5-6
48,467,670 -4-0
43,183,594 -H-O
44,229,007
27,370,987 +6-0
14,956,544 +14-8
+9-6 3,990,283,278 4,308,551,802
-61
2,75.1,623.734
+7-6
2,417,426,389
600,801,864
538,972,102
282,615,353
65,618,276
31.409,657
83,220,323
—5-5
3,868,063,9M
4,282,173,009
-181
+1-9
+9-3
-0-3
-tO-5
Chicago
-D-7
Milwaukee
Detroit
Cleveland
Columbus
Indianapolis...
Peoria
Grand Rapids..
Total Middle Western.
San Francisco.
-9-2
229,754,488
219,lill.),354
192,31)7,340
111.101,400
t3r2
114,767,200
76,558,854
66,451,518
82,454,943
60,107.474
28,107,485
HllO
^6-4
4,627,406,541
4,367,436,324
Tot oth'rW.
,
Mew
Orleans..
Loalsville
Memphis
Richmond
....
Galveston
Nashville
Dallas
Port Worth..,
Norfolk
Chattanooga..
Blrmlijgbam..
Lexington
Total Sooth.
Total
aU
164,081,810
169,069,894
97,411,603
32,466,242
26,766,737
6,078,847
8,665.000
17.806.878
7.000.000
2,750,000
1,721,771
93,532,926
32,120,442
30,322,072
6,357.246
8.648.917
16.832.068
8,874,431
4,726,331
3,233,877
4,167,080
2,728,800
4,29.'>,263
1,712,000
2,U5,26(I
1,837,832
77,05l),767
112,142,1^
418-7
-H-8
-8-3
-18-5
+4-0
410-9
-0-4
47-9
-6-3
-H41
66.309,331
12,884,094
16,478,001
8,796,793
1,610,727
1,517,930
797,484
903,370
-fO-8
108,197,820
-6l
03,919,948
13,190,500
7,166,085
6,626,311
6,397,069
-189
-I-31-2
3,35-2,000
-1-31-9
2,133,169
1,857.949
966,167
+60-5
~+6-6
183,509,168
+&»
-f2-4
20,055,.'>05
-H71
2,124,639
1,456,877
763,446
-I-10-7
-161
1-
—
-0-9
-0-0
461
4-8-6
-5-8
-H-7
411
-H8-1
4£1
4-3-8
49-9
+6-9
-2-4
-7-2
42-8
+2-7
-t-6-4
117,759,295
14,997,135
2,048,148
1,200,272
1,021,440
1,139,986
622,100
40-9
-25-6
442-2
889,676
934,821
-8-2
-36-4
-16-3
+66-9
20,939,071
43-5
26,164,863
-1-6
8.964,,846
8,920,,669
5,001 .931
4.226,,887
3,979,,140
2,823,,847
1,428, 688
714,,165
546, 069
490..044
504..806
4«-6
443-4
+4-1
+44-5
-12-8
-18-3
417-7
-2-7
—21-9
-6-9
-33-0
—11-9
-6-2
9,436,220
9,296,390
4,310.880
4,030,486
4,355,726
2,705,981
1,429,288
703,430
660,692
478,224
636,803
384,868
848,020
742,608
Los Angeles
Total Pacific.
-I-7-1
-8-0
+390
1,223
Denver
Duluth
Joseph
Sioux City....
St.
S6,607,S«7
46-6
"18,808,867
+8-8
21,378.879
Paul
8.400.817
6,220,022
4,294,373
4,818,243
4,870,396
2,398,831
1,467,905
914,484
685,704
731,044
573,290
392,478
37,960,211
City.
-iO-6
826,630,784
778,828,307
-r4-6
-18-5
-161
+7-6
-7-4
-16-7
-t-41
-87-8
-12-1
-H4-3
-f8-7
Des Moines..
Wichita
Lincoln
19,381,418
7,103,301
5,948,394
1,463,190
1,991,637
3,818,630
1,728,952
1,194,437
760,500
1,048,694
630.000
724,089
342,202
-(-10-4
32,890,377
7,432,880
5,973,378
1,476,228
2,064,734
4,769,629
1,891,898
661,920
446,240
976,2^^
400,000
466,416
+60
Topeka
-i-e-1
Louis
New Orleans
-I-7-3
LnulSTllle
St.
617,808,601
86,697,805
i-6-9
-0-5
+ 3-3
-1-9
Total Other Western.
855,818,176
70,416,976
37.870,482
36,268,041
27,737,091
t381
-I-4-6
328,213,237
238,108,918
161,348,816
165,020,199
170,139,177
71,622,146
57,457,472
36,381,296
29,360,633
19,419,049
19,944,278
14,610,422
41.2311.312
-9-4
22,804,747
-(61
368,309.848 -10-9
198.773,117 +19-8
102,111,756 +1-4
190,380,749 -18-8
191,2»-).839 -12-4
78,093.436 -6-9
69.159,231 -2-9
83,731,972 -(-4-9
•21,307.804 -t^21-3
30,309,316
21,117,112
14,014,300
-t-8-2
1,803,526,542
1,372,894,179
+4-1
827,117,661
868,347,451
269,867,802
82,906,838
87,991,926
99,206,634
80,002,078
84,196,576
24,981,984
37,690,123
17,872,000
23,479,918
826,543,421
360.0»5,169
303,543,133
-tl-1
-16-1
—4-4
—1-0
-H4-4
13-2
41-8
-46-8
-t-31
-f8-2
ie,581,9U
7,5,10,478
6,403,901
1,379,763
1,871,696
4,648,657
1,560,107
644,009
Memphis
Richmond
+21-6 Galveston
31,317,942 1-12-6
-S8-0
-7-0
Nashville
Dallas
Kort Worth
86,38.',060
81,231.497
81,415,857
84.573.818
44,374.7; 6
87,180.393
29.089,708
24,782,600
80,296,747
17,623,323
-61
475,250
Norfolk
1,063,023
Chattanooga
340.000
679,966
341,778
2,475,493
Birmingham
Lexington
Houston*
Total Soatham.
Total
4190
-iss-i
-10-5
+17-4
-7-4
-18-2
-6-4
-38-3
-16-3
+9-1
48,002,044
.
1,163,326,667
New Tork.
Not Inetaded
+eo
-9-2
-6-0
-6-0
4-19-1
-9-8
-461
-36-7
40-9
—35-9
-19-6
401
-0-3
-23-3
+21-4
-S-6
+38-6
-5-0
—41-3
-41-6
—2-6
—87-4
-irs
+3-3
460379
3. 996.346
all
Outside
•i3-5
469,000,8*4
434,008,079
49,919,063
-0-9
418-0 1,100.186.394
-«-5
+9-4
46-8
+2- 9
468.241.707
In totals.
Our compilation
of sales, &c., for eight
months
is
as follows
•
-»0-l
-I-2-2
Nine Montht,
-HI
mne
1891.
Montki. 1890.
-4-0
Descr4pt4«n.
For
or
-hSi-6
Actual
(^uantftii
-32-9
-^2«2
-27-9
-22-5
-8-4
—1-0
6,271,895,439
-6-8
vSi' »48?67f7rfi5l
f
Aver'ge
Value.
Valxie
-6-4
22-5
210,337,427
•Outside N. T. 1,049,376,230 1,900,360,459
* Not Inclnded In
totals.
-fll-9
-1-10-9
.-141
-I-80
+ 8-5
—180
-37-2
2,492,0191 —13-9
1
-t-6-8
-tOl
-8-6
-1-1
-12-5
21,669,845
Tacoma
Omaha
-I-3-4
413-7
410-4
+2-7
40-2
46-6
-3-8
99,084,167
6,105,000
1,771,849
1,280,281
1,196,930
1,255,246
1,831,046
746,133
373,518
-t-13-8
15,354,705
2,398.982
1,285,264
1,030,276
Portland
Kansas
(3.686.004)
rs\
(696,600) (+110-5;
•5)
(44.018.260)
(1.472.000) }+«-0)
125,538,991
.
Salt Lake City.,
Seattle
St.
-11-7
731,943.687
-t-9-9
-I-7-8
86,628.925
12,877,850
7,188,552
5,712,907
6,484,862
3,173,800
1,874,768
1.717.813
929,634
Cincinnati
Minneapolis..
+28-5
39,388,816
28.399,868
18,520,415
21,047,727
21,824,401
9,609,696
6,869,764
8,818,080
2,748,197
3,283,016
2,447,425
1,538,538
-0-8
191,3;)7,079
-3-5
+8-4
30-7
12-8
98,732,959
-12-3
29,631,650 +12-1
+10-6 3,209,461,867 2,963,903,785
+2-9
470.8:i(>,300
487,017,750
-13-5
213,1132.429
221,692,862
-30
-7-4
588,048,310 -14-8
665,361,474 -6-0
240,495,476 413-3
62.182,719 -(-SO
31,II4B,547
Washington..
Hocbester
Wilmington...
Syracuse
Total Middle..
1890.
-^26•8
-19-7
-0-6
—1-7
1,151, -263
Worcester....
Portland
*
BULonls
19
P. Cent.
1891.
(1,286,989) (-I-178-2)
(464,800) (-)-66'6
(21,646,632) (-(-3e-6
(1,292,000) (t-670j
101,764.171
4,406,700
1,747,127
+09
+7-5 24,259,906,430 27,674,815,280 -12-3
-0-1
+13-2
78,236,649
9,323,186
3,650,000
8,788,358
3,250,863
Seattle
f.Ct.
19,561,900 i-60
2-3
7,745,631
5,639.214 +1-0
5,074.069 -3-3
4,937,426 +1-8
5,247,818 -10
2,621,034 + 19-2
1,460,707 +10-3
422,884,984
1 is as
729,218,488
(3,692.895)
(723,200)
(83,635.775)
(2,028,000)
Boston
Providence
Hartford
New Haven...
Kine Months.
370,407,195 +10-4
63.303,645
34,121,087
6,478,488
3,404,001
3,537.641
281.516.189
fiulTslo
Detroit..
408,997.955
80.7 7.500
7,670,«11
5,694,580
4,906,619
5.029.724
5,195,885
3,120,48u
1,611,128
1
New Haven
as follows
Week Btul'i Sept.
26.
P. Oenf
1890.
914.068,623
eharet.)
Buffalo
The exhibit of clearings f oi
New Tork
is
of—
(Stock)
cities,
week ending Septembec 26
1.371.
Week Bndint Octcber S.
CLKAKIHaS.
H4twrfu bv Telegraph.
Seven
NO.
1891.
Price.
2785461123
RH. bonds..
bonds
»260,167,300i $196,365.204
418,926
1.226.900
State bonds.
2,436,100
,478.5.37,
Bank stocks
1,669,866
,261,271
•
(*ov't
Total
66-7
75-1
116-6
60-7
144-3
Par rolue
or QuantUv
1514215(830 t3,966e6»46«
Total valoel
»6,494806828l
Aver'ge
Value.
Price.
49,915.305
8856341181 «tl
11595,366,155 1
$311,721,730 $868,876,848 SO-S
$3,841,800 ^S80.788
$4,180,100
p^ 160333 68-9
189-9
$3,471,296
57-7
$4016,870,570
185,434.000
33,182,000 {21,937,460'6a l-lOo
16.70e.900
18.226,700 |80S,4(l6,830|t44-«8
1,498,169,300
Grain. bosh. 1738,906,790 $1.7M472483 980.
...
Pet'l'm.hbis'
(k>tton. bls.l
Actual
$3,1178696861 63-4
$113,910,670 90J4C.
$»'27,413,44l!$>5'50
$1,1760-23976 78)«).
l$5.8346479Ul
THE CHRONICLE.
450
[Vol. LHI'
the United States was in violation of customs regula-
THE FINANCIAL SITUATION.
the slower
Some disappointment has been felt
made this week in financial and commercial
The Stock Exchange has been more quiet,
affairs.
at
because it was not accompanied by a consular
This ruling in that case was held by
the new Collector of this port, Mr. Hendricks, to
apply to the importations above mentioned and the
tions
progress
certificate.
and mercantile business, especially in the dry goods delivery of the gold to the importers was stopped. The
department, has not developed as rapidly as was hoped. enforcement of the regulation would compel the imNo doubt the latter has been in good part due to the porter to file a bond, submit to the examination and
hot weather prevailing for t ,vo weeks or more, while appraisal of the gold by the customs authorities and
The bankers affected,
the former is a natural result of well-known causes, cause delay and loss of interest.
unfavorable together with others who have consignments of gold on
and a healthful reaction rather than an
That honestly-managed properties have a the way hither, united in an application to the Secreomen.
substantial basis for the improved values ruling, tary of the Treasury to issue such an order as would
by the events of the past release the gold detained and prevent any similar defully established
is
There have in that period been failures tention hereafter. This request was granted by the
fortnight.
and disclosures and attacks upon prices
of so great im-
portance as to have proved disastrous were the advance
based upon an unreasoning speculation, and not strong-
Secretary yesterday, the Collector being instructed
to
The
waive the requirement as to consular certificates.
necessity for the step is shown by the fact that on
by industrial conditions warranting the Monday there were sent to the Assay Office 14,331,500
It is a good fault to go slowly, with francs gold, the whole of which was not paid for by the
better market.
values kept under the control of net earnings and divi- office until Wednesday afternoon, the importers losing
ly fortified
at least three days' interest.
dends.
Money has shown
increased activity this week.
This
Money on
represented by bankers' balances,
call, as
cent this week, but, as is usually
is in keeping with the condition of bank reserves as loaned at 12 and at 2 per
The surplus of all the case, very little was done at the extremes, and the
last week's statement.
disclosed by
Renewalsthe clearing house institutions, as reported a week ago, average for the week was about 6 per cent.
five of the larger banks held were at 5 early in the week and at 6 per cent later, and
making it evident that very many of banks and trust companies have maintained 6 per cent
Time contracts were in good dethe others must have been in no condition to accom- as the minimum.
modate their customers freely. During the week mand and the supply of funds was limited. Lenders
was only $4,008,135, while
-
13,520,400,
beginning
arrivals
with
have
Saturday,
been
September
$5,546,300,
New York
Saturday
36, the
the
gold
being $600,000,
on
on Monday $3,246,300, on Tuesday $1,350,000, and
on Thursday $1,450,000. This $5,546,300 gold must
be offset by a loss during the same period of nearly a
like sum from (1) net shipments of currency to
the interior and (2) by withdrawals from the banks
by the Sub-Treasury, so that the reserves as
to-day cannot after all
they will be reported
have been augmented to a very great extent by
reaching
carefully scrutinized
amount upon
the collateral, declining to loan
a certain class of
stocks
bonds, and they re-
or
margined.
quired unexceptional security well
some loans
have
been
sixty
days,
the
rate
dates
from
made
thirty
days
per
6
is
to
5
at
six
per
cent
months.
Whilecent
for
for
all
Com-
paper is dull and the purchasers are mostly
Eastern institutions, although some of the city banks
mercial
are accepting
offerings of choice
names
at full rates.
Rates are nominally 6 per cent for sixty to ninety day
6 to 6| for four months comnames, and 6^ to 7^ for good singlethe week's gold imports. An additional reason for
greater activity in money is the fact that there was names having from four to six months to run.
The only announcement of any considerable importsome disturbance of loans on account of preparations
for the October settlements, and still another reason ance abroad this week is that specie payments had been
endorsed
bills receivable,
mission house
"j
which led suspended in the Argentine Republic for two years. It
lenders seems also, according to an Associated Press dispatch,
Tery conservative and to scrutinize collaterals more that "a new monetary unit has been adopted there,
closely.
"composed of a fixed amount of silver and nickel, and
That disAfter Wednesday however the supply of funds was "that this money is now being coined."
more ample.
This better tone and condition was patch looks a little like a burlesque on the proplargely in consequence of a new order by the Director osition which
our Congressmen have several times
of the Mint issued on Wednesday, authorizing the super- made to have a silver and gold monetary unit.
silver
intendent of the assay office at New York to pay on We
any
would
suggest
why
have
deposit of gold imported 90 per cent of the nominal or gold in it
at
all?
why not be satisfied
value of foreign coin or bars sent to the office, the with a unit made of nickel and coppei', for it is
balance to be paid after the correct value of the impor- certainly cheaper.
The information from Buenoa
tation had been ascertained by melting and refining. Ayres resulted in a break in Argentines in Loudon,
This order went into effect on Thursday. On the The cable reports discounts of sixty to ninety-day bank
afternoon of that day three consignments of gold bills in London at 3 per cent.
The open market rate
amounting together to $1,450,000, imported by Messrs. at Paris is 3|, at Berlin it is 3|, and atFrankfort 3| per
Brown Bros., Belmont & Co., Muller, Schall & Co., cent. The Bank of England reports a loss of £513,000
were entered at the Custom House, having arrived from bullion during the week. This, as we are advised by
Europe on the Havel and Majestic. The point was special cable to us, was due to the export of £653,000,
raised by some one
by whom does not appear
principally to Germany and the United States, to shipthat these importations were defective because of the ments of £187,000 to the interior of Great Britain, and
absence of a consular certificate certifying to the invoice. to an import, principally from Portugal and Australia,of
It seems that August 10 Assistant Secretary Nettleton £327,000.
The Bank of France reports a loss for th»
ruled that an importation of bullion from Mexico into w«ek of £719,000 gold, and since the last return thewas most
likely the decline in certain stocks
to a changing of loans
and tended
also to
make
—
.
OOTOBIB
Bauk
THE CHRONICLE.
3, 1S01.1
Gonnany shows
of
a decrease of about £412,500
461
cities recorded a lose of 4*3
per cent, and there was a
month of the year with two
With New York included there was a loss
falling off in every other
of this metal.
Foreign eichunge has been quiet and irregular exceptions.
during the week. Until Wednesday sterling was eiisy for August of as much as 13*3 per cent; in July the
while continental was firmer, but after that day tlie loss was 9*4 per cent, in the quarter ending June 30 it
whole market grew easier, influenced by offerings of was 11 "8 per cent, and in the quarter ending March 31,
arbitrage bills and by dearer money in our market. 8"7 per cent from which it is evident what a decided
The posted rates remained unchanged throughout the change for the better the month of September broughtweek at 4 81 for 60 days and 4 84 for sight until yester- with it. Below is our usual summary giving the
day when Brown Bros. & Co. reduced long sterling to figures for each month and quarter, back to the Ist of
—
Kates for actual business at the close were 4 79|
4 83 to 4 83i for short ; 4 83^ to
;
4 80^.
January.
MONTHLT OLEABMOS.
to 4 80 for long
4 83f for cable transfers ; 4 79 to 4 79^ for prime and
The
4 78^ to 4 78| for documentary commercial bills.
at Washington has this week issued
Bureau of Statistics
the foreign trade statement of the country for August,
and we furnish below a summary for that mouth, and
the previous months, in our usual form.
rUHIION TRABI UOTEHENT Of TH> ONITEO 8TATKB— (OOOl omitted.)
OUarinoi, Tbtal AB.
1891.
t
P. at.
1890.
«
MCBCHANDIBB.
5,255,443.346 -6-0
4,449,730,868 -11-2
4,2U,421,507| 4,640,485,106, -9-2
BatorU. ImiMrU.
Of
HxporU
i»i»i.
t
S2.6S0I
74.8761
Jan....|
»-i.301
i
J0.329
S3.9T9
8.897
»5,3U| Jr,n33 •i,321
»O,007l St.275 •10.368
5S,0«2 ri.99* •13.932
.17.505 73.462 •13.867
62.8B5 B7.M2 •4.377'
«5,895
6.868|
7-J.753
Feb...
Much
April..
Mar..
June..
JnlT..
Ang...
Total
t
Im>
Ac-
roru.
port*.
t
1,398
666
eu
Bxcei
of
fmportc.
t
729
4,010
3,156
4,939,313,738
1,062,344,,370
1,981,046,938
febraanr
March.. ..
3,049,471,428
1,644,934,,332
1,628,261,112
1,765,311,,083
1,817.861,516
+0-1
+1-0
-2-9
-8-7 5,392.693,687
5,426,859,661
-0-8
-0-9
1,889,618,330
1.904,531,973
1.882322.090
2.1)06.253.865
5,585,443,015
5,934,813,719
1st qiur.. 13,100,236,671 14,315,661,110,
365.583 •10,781
Exceas of imports.
f
1,861
3,149
port.
t
209
848
624
•244
1.488
•i«,293 l-i,319 14.074
17,177 8,608
16.306 10.580
17,125 ] 0,376
8,569
3,726
6,760
will
be seen that
t! "
—
—
—
aid of the telegraph
to-day for the
5.092,,838.75"
.
-11-8
13.933.571,95.1 15.805.5.39.32;
.
4.371,,S85,(.89
1,827,,28;,187
4,158,,818,818
4,794,,466,373
6,271 ,805,439
July
AuKIUt.
September.
4,992,,363,798
:ld qu'ir...
-6-9
months
—
we are able to present the results
of September, and we find that
month
the aggregate for the present year reaches 5,271 million dollars, as against 4,992
million dollars for September, 1890, the increase thus being 279 million dollars, or 5 "6 per cent.
Of course, this gain follows
-9-4 l,893,2e9,- 41 1,994,125,043
-13-3 1,755,350.7
,7671 1,831,329,025
+6-6 1,949.375,8
2301 1,000,380.439
13,802,130.^6 14,614.102,658
—5-8
40,835,938.870 44.765.303.090
9
5,597,995,738
16,578,032. 4
+2-«
5.728,814,527
17.090.487310
Another way of indicating the nature and extent of
the improvement which occurred in September, is to
take the totals of the leading cities and extend the
comparison back a series of years, as is done in the following.
BANK CLEABINOa FOB 8GPTEUBBB AT LEADING
OOO.OOOs
Excess of exports.
merchandise exports for
August exceeded the merchandise imports in amount
16,858,000 a, condition which has not existed in thac
month of any year back to 1884. The imports were
quite heavy, reaching $65,895,000, or $4,695,000 in
excess of the amount for the corresponding month last
year, but on the other hand the exports
as was expected in view of the heavy breadstutfs shipments show
an increase of $16,563,000 and aggregate $72,753,000
For the first time this year our monthly statement
of clearings shows an increase in the total as compared
with the corresponding month of last year.
With the
It
4.368.,815.217
—18-6
6 months. 27,033,808,821 30,151,200.432 -10-3 10,978,038,702 11,361 6 3,283
4.574
4,644
718
1,06)
6.881,786,427,
of Bx
ports
14,483 9,909
18,445 13,901
i4.093
4.189,,680,812
-0-8
—10-8
14'4 1.813,102.505 1,934,025,081 -6-3
4.828,,116,139
2d guar.
1.023
1.202
•423
•J,071
233;14,163j+13.930
213 30.581 +30,368
283, 1.1,822 + 13,539
1.029' 6.662
+3,633
1,223
172
1.396|
4.785,,396,124
June
t
1,319
977
1.049
831
1,141
1.C26
1,905
1,881
669
+3,446
+4.512
1860.j303,(>ti' 54!»,887 •46317
18»9.'47.'J.607 3-i9.191 •35.527
*
t
1,618
1,623
t
5,730 77,295'+7 1.565
8,223 •.J.»,15a'+13,9S:!
3,719 47,522+41,803
lSSH'4O-i,970 490.39 •87.425 3,596 aO,115i + 14,8X9
8,253
18Sr.;4a3.208 4711.807 •44.599 14,153 7,900
J886.U31,o94 44ii,920 •11.326 9.935'40,050 +30,116
3.'»4,802
port:
»
BxctK
Ex-
ROt.
1890.
I
JanaaiT.'-
April
Bthrtu.
0<JU>.
Bxcf
1891.
(
May
Emt
OUartnot OuUile !Ttw Fork.
Month.
1891.
omitted.
189C.
S
1889.
1888.
18S7.
CITIES.
1886.
1885.
1884.
$
$
$
$
$
$
9
York.... 3,323
3,092
2,699
2,679
2,683
2,606
2,101
2,056
409
232
63
398
97
32
78
370
soo
336
81
28
71
230
72
59
267
189
44
193
60
19
49
237
53
271
73
23
71
332
249
51
252
75
25
72
204
62
360
94
32
78
331
277
48
285
4,682
4,388
3,820
3,762
3,739
3,572
2,922
590
601
430
372
344
297
231
205
Total aU ..5,272
Outside N. Y. 1,949
4,992
1,900
4,250
1,551
4,134 4,033
1,455 1,400
3,869
1,263
3,153
1,052
3,041
New
Boston
Philadelphia
.
Baltimore ....
CUicaKo
8t. Loiiis
New Orleans
.
San Francisco
Total
Other
cities
The
gain at
..
result here
New York
is
2."il
quite interesting.
23-!
52
21
185
49
177
«e«
21
49
2,836
985
The very heavy
has already been explained as being
on the Stock Exchange;
would have been a
it
decided loss. But barring only Philadelphia, which
shows a falling off from 1890, every one of the other
leading cities given, namely Boston, Chicago, Baltimore, St. Louis, etc , shows for September, 1891, the
largest clearings of any of the eight years taken.
due
had
to the large stock
sales
not been for these, there
from the activity and enlarged dealings on our Doubtless speculation in cereals, as well as in stocks,
Stock Exchange, where the share sales the present had some effect in raising the 1891 aggregates, but the
year were over double those of a year ago. That factor precise influence of this it is never possible to deter-
entirely
alone will account for the whole of the increase
shown
and a great deal more. But this
activity on the Stock Exchange is merely evidence
of
a
general
revival
of
tone and confidence
in the whole commercial and financial world, and
should it continue must tend by its influence and
effects further to stimulate general trade and business.
Besides, even outside of New York, where stock specuin
the clearings,
mine.
As regards the volume
Exchange,
it is
of the stock dealings on our
a long time since the
number
of shares
very large proportions as it did ia
September. Altogether the transactions amounted over
sold reached such
11 million shares (11,176,232 shares), which compares
with only a little over flve million shares (5,141,541
shares)
in
September
last
year.
In August, 1891,
not nearly so important a factor, the clear- $5,845,383 shares had been sold, in July but 3,154,417
ings also show enlarged totals as compared with a year shares and in June 3,978,514 shares, so that the Sepago, though the ratio of increase is smaller than when tember sales are almost as large as the sales for the
New York is included in the comparison. la other whole of the three months preceding. The market
words, while the aggregate of all the cities indicates a value of the share sales for the month reached almost
lation
is
gain of 5-6 per cent, the aggregate exclusive of New
York indicates 2-6 per cent gain. In August the outside
600 million dollars (592f millions), as against 311^
millions in September last year.
THE CHRONICLE.
452
6,199,190
646,416,800
472,192,000
311,174,518
aad hence tho statement must be regarded aa being quite satisfactory. On the Eastern
lines there ia an increase of $381,520 in gross earnings
and of $159,384 in net. On the Western lines, however, there is a decrease of J109,416 in gross and of
$88,950 in net. The comparison on the Eastern lines
4,497,653
383,144,125
234,407,943
ss as follows.
639,460,762 16,049,882 1,401,762,926
881,561,863
6,082,477 488,465,200
872,333,386 11,052,779 1,061,139,085
233,397,187 6,440,123 518,713,026
304,199,207
«28,978,858
ALES OP STOCKS AT THE NBW TORK STOCK KXCHANOB.
sylvania case
1890.
Uonfh.
Number
Number
of Shares.
Actual.
Jan....
5,618,789
5*0,138,550
Feb....
3,276,89*
8,646,978
318,304,825
Uucb.
348,087,315
Istqr 12,541,661 1,206,630,620
^prU.
7,183.818
May...
Jime...
6,288,232
3,978,514
699,806,920
616,644,000
390,688,6251
of Sharei,
268,489,862
176,663,847
195,297,053
6,353,019
316,979,202
422,983,510
322,129,909
2dqr. 17,150,664 1,706,539,446 1,028,714,083 21,576,379 2,038,307,290 1,255,307,974
29,992,225 2,913,069,966 1,668,164,845 37,626,241 3,438,060,216 2,118,869,637
6 mo9.
fVoL, LIII.
Links bast of
pittsdurq.
1891.
1890.
1889.
1888.
t
$
6,022,012
4.585,990
8,114,476
2,680,815
1,907,538
1,905,015
1887.
August.
Gross earninffS
Operat'g expenses.
212,375
t
5,930,855
*
6,998,96*
,760,965
3,638,829
8,361,490
t
6,390,939
8,241,616
Net earnings...
2,451,410
2,292,026
2,632,474
2,149,428
t
178,683,4*4
180,596,153
824,048.808
8,001,918
4,141,606
276,741,236
392,072,316
592,654,462
6,141,5*1
488,382,890
250,580,605
811,310,476
3dqr. 20,176,032 1,963,687,200 1,097,299,283 12.288,084 1.157,196,940
738,474,624
809,692,100
Aii«tut 6,845,383 574,308,250
Sept.... 11,176,232 1,079,688,850
8,154,417
July.
9 1008.
.
Jan. 1 to Aug. 31.
Gross earnings
Operat'g expenses.
,367,688 43,263,882 39,239,876 88,071,656 86,047,106 32,192,231
Net earnings...
12,623,740 12,898,601 12,440,694 12,366,160 11,156,897
,132,891 80,610,092 28,841,276 126,680,982 23,881,616
21,0.'i8,»31
60,188,257 4,876,767,185 2,785,464.128 49,913,306 4.596.256.155 2,855,344,161
Returns of railway earnings, both gross and net,
continue in the main yery satisfactory. The Burlington & Quincy statement for August shows an increase
of $145,611 in gross earnings aa compared with 1890,
It is
and an increase of $293,066 in net earnings.
worth pointing out that for the eight months to the
end of August, though gross earnings have decreased
nearly two million dollars, net earnings, owing to the
great saving effected in expenses, actually record a small
The Atchison for the same month also has a
Yery good statement, with an increase in both gross and
net— $239,970 in the former and $123,312 in the latter.
increase.
This does not include the
which sustained a
slight
St.
Louis
& San
Francisco,
decrease in gross and a slight
The Louisville & Nashville has gained
$89,114 in gross, but loses $13,876 in net. For the two
months from the 1st of July net on this road is $139,449 ahead of a year ago. The Norfolk & Western has
$52,196 gain in gross and $28,084 gain in net for
August, and $368,850 gain in gross and $134,971 gain
increase in net.
in net for the eight months to August 31.
burg Youngstown
The
Pitts-
It will
On
ment shows
gross for the month increased from $132,326 to $174,889, and net from $52,942 to $91,334. The
Rio Grande Western has increased its net from $73,765
to $94,119, the Chesapeake & Ohio from $313,112 to
$251,809, the Canadian Pacific from $677,576 to $720,603, the Buffalo Rochester & Pittsburg from 153,149
to $107,183, the Mexican National from $58,577 to
$96,336, the Northern Central from $115,078 to $198,052, the Milwaukee & Northern from $48,430 to $58,724, and the Kansas City Fort Scott & Memphis from
$111,479 to $113,836. The Milwaukee & St. Paul
shows a decrease from $751,883 to $654,894, the Colorado Midland a decrease from $56,347 to $50,106, the
the Western lines for the same period net
is
last.
also
—$352,351 larger — though gross
larger than in 1890
de-
creased $1,216,816.
The Lake Shore & Michigan Southern road
does
not furnish monthly returns of its earnings, either
gross or net, but in view of the increased interest felt
in the property
the following statement of the gross
earnings for July (the latest month for which figures
can be obtained) and the seven months ending with
July, for a series of years, will be found useful.
LAKB SHORE & MICHIGAN SOUTHERN.
1891
9
Gross Earnings—
1890.
1889.
$
1,840,850
Januarylto July 31. 11,390,897
July
1888.
$
1,701,812
11,625,662
It will be noticed that since
$
1,591,928
10,421,623
10,086,981
amount
that the
'
1,4,19,08!
1888 the July gross
increased regularly each year, so
ha;
foi
1891 at $1,840,850 compares with only $1,419,089 thre(
For the seven months the earnings an
years ago.
somewhat behind last year, but ahead of the othe
years.
& Ashtabula appears again to be doing
a large traffic in the transportation of iron ores from the
lower lake ports to the mines, for the company's state-
be noticed from the above that both gross and
net for the eight months this year are better than
Until yesterday the
The
lower.
to
have
and
scared
the
at
realizing
sales,
weak am
week seemec
stock market was
performances
the
same
while
of
public
time
last
away
there
operators
temporarily!
were
for
a
heav;
declin
active demonstrations against the market am
Mr. Gould followed up tb
sought to demoralize it.
advantage which he had already gained and passed th
Missouri Pacific dividend, accompanying the move b
the issue of a very unfavorable statement of earnings^
showing that no dividends had been earned at al
during the present year, though they had been reg
made
This paved the way for a further shar
break in Missouri Pacific and the rest of the raarke,
also dropped lower.
The suspension of the house o
11. Venner & Co. likewise had a temporary advers
C.
ularly paid.
Iowa Central a decrease from $46,599 to $45,977, and effect. On Thursday rumors of a new issue of bonds b
the Atlantic system of the Southern Pacific a decrease the Rock Island exercised a depressing influence, upde
from $401,889 to $267,937.
which, and the continued decline in Missouri Pacific
The Pennsylvania in its statement issued last week the market became very weak, so closing. Yesterday
does not quite seem to have met general expectations however, there was very considerable buying al
in the amount of increase shown over a year ago.
The through the list, and after some weakness at the open;
New York
Central for August had reported an increase
in gross receipts of $816,925 (the earnings of the Rome
Watertown
^
& Ogdensburg
ing prices steadily and largely advanced, the tone agaii
becoming very confident. As far as the underlyin;
concerned, there ha
been no change whatever. Our crops are all made
some persons had looked for an equally large gain by railroad earnings are good, trade is reviving, our bread
the Pennsylvania. But, as our readers know, there stuffs exports continue large, and the outlook quit
was special reason for the exceptional increase on the generally remains encouraging.
Central in the fact that comparison was with the month
The following statement, made up from returnl
last year when the strike prevailed and
earnings were collected by us, shows the week's receipts and shipment
reduced. No such circumstance existed in the Penn- of currency and gold by the New York banks.
years, thus
being
making the comparison
included in
correct),
both
and hence
conditions affecting values are
OCTOBKE
THE CHRONICLR
8, 1891.J
ITMk ending
CMl.
RM<iv«t by
t, 1801.
Skipiied
SH
111/
Inltrittr
s.r. »m«i.l
If.r. Biinlu.
3.10,000
1 1 ,000 Loaa.f 1 ,0O'i,Ouu
2,800,000 Lou. 2,S(I0,00<I
~^a,^o>'.ooo
eoid
ToUl gold »nd l«g»l teinlem
«3,'^
1
Result with Su.b-Troa3uryoporatiou3 ami gold imports.
ITmH K<mng
Oct.
»,
M ikbOTe
ToUl gold
juid l«K«l
tondors
—
$6,011,000 Loss. $3,60^,000
19,300,000 Qain 8,860,()Ou
$25,869,000 $23,311,000 Gain.
tlio
Europeaa banks
corresponding date
Blink Holding.
$3i8.000
atnoiuit of bullion
tliis
week, and at the
last year.
Oct. 2, 1890.
Oct. 1. 1891.
Aifkko/
GkXd.
Total.
Sold.
S
£
..
Anst.-Hun'j.
S
«6.0S1.8S0
62,81»,000 50,391,000 io?,«ia,ooo
S4.590.000 11,530,000 46.ltO.000
6,474.000 18,631,000 22,005.000
20.060,692
8,6S4.000
8,013,000
9.567,000
2,830,533
1,419,667
4.269,000
4,812,000
2,830,000
Nstherluids..
N»t. B'liiuni'
week
Tot,pr«T.
Wk
ntiu.
saver.
i
U,091,88a
Oannany*.
Tot.thls
SUvtr.
a
nxland
rranM
i
20.080.502
60.236.000 50.154.000 loo.aKo.ooo
24.167.833 12.078,68T
88.236,0
1
4.810,000 18.6'ja.OOO
21.332,00:j
6.344,000
10,164.00"
1.419.000
4.258.0m'
134.374,213 85.8S1.667 «10,e68,8B0 106,934.025 86.515.087|ia2,460,592
lao.oos.sw) 83.912, 107 812,005,766 110.161,389 88,601,000 196,765,889
rue division (between gold and silver) given In our table of com and
bnlUon In the Bank of Germany and the Bank of Belgium is made from
•
the best o.stlmati- we are able to obtain; In nolth.tr oaao is It nlalinod to
be acouratu, as those banks make no lUstlnoilou In their weekly retiims,
merely rHp.jrtiriK the total K'dd aud sliver, but wo b«lieve the division
we make is a close approximation.
Note.— Wo recc^lvethe foregolnj? results weekly by oa'Jle, and while not
all of the dat« given at the head of the column, they are the returnIssued nearest to that date— that Is, the latest reported llVures.
TUBA SUET CASH A ND DEB T REDEMP TION
The monthly
to
Coniequeiitly the fignrcM issued this week etikble one
know not only the extent of the new issue of bondi
bearing a phenomenally low rate of Interest, butaho the
amount of the 4^ per cents which has l>ecn paid und
exhibits of the Treasury
Department
made on the OovernmeDt
The Treasury Department tells us that the total
the draft this operation has
cash.
following table iadicates
In the [Iriacipal
NtOhantHit
fiankf.
(2,609,000
23,180,000
Sub-Traas. oper. una gold Imparls..
The
out of
into
Banla.
1801.
Banks' Interlur mursment,
the privilege of having the bondi continued at 'i p«r
cent would expire on September 30th, And after th«t
date all bonds preaoDtod would be rodoi-mod.
f 8.0 1 1 ,000 L<MII.«8.502.O«0
"ia.MB.ooo
OurnuoT.
458
4^ per cents outstanding on July 2 (at which ditc, aa
noted above, the offer was issued to continue them at 2
was 150,869,200 that the amount which
had been continued down to the close of busineM oa
September 30, when the offer expired, was 125,364,500
that the total redemption up to the same hour was
118,009,600, and consequently that there were outstanding, drawing no interest, October 1 $7,516,900* of
Hereafter and until this unredeemed
the 4^ per cents.
remnant of these bonds has been presented and paid
they will appear in the item of the debt statement
which includes all overdue debt. Very likely half of
the amount now outstanding will come in during
October, but subsequent redemptions will prove a
Substantially then, it may be said Mr.
slow affair.
Foster has now passed what has been called the September crisis and has completed the important work
per cent),
;
attendant upon the retirement of the 4^ per cents. As
it was feared that this operation would prove a serious
drain on the Government resources, the following statement, in the form we always prepare these figures, will
p»blished this week are more than usually interesting,
be found to be a useful method of getting at the reas they disclose not only the ordinary movements of
sults in brief.
currency but likewise the effect the redemption and
1891
October 1.
Uoltling$ Ify Treagurer in SulhTretu., ^. BeptembtrX.
extension of the 4^ per cents have had on the funded
$132,471,408 $132,5J3,223
Net gold coin and bullion
transaction Net sUver coin and buUlon
debt and on Treasury resources. This bond
3,852,829
9,080,792
.
.
of interest, too, because
ture in the history of our
of
its
importance as a
Government
fea-
finances, since
13,937.683
3,048,153
529,530
6,822,252
18,410,722
2,394,260
2,104,B1S
5,695,080
16.846,620
$184,330,592
22,769 ,179
$170,262,723
21,137,977
Total cash In banks and sub-treasuries. $207,099,77 1
is
$191,400,705
U.S. Treasury notes, act July 14, 1890...
Trade doUar buUlon
Legal tender notes
National bank notes
FraoUonal sUver
removes one more issue of bonds from our statement
an issue also which has been conspicuous not
Total Gov't cash In sub-treasuries
only for its use in refunding the 5-20s but likewise for
Amount In national banka
its use as the instrument for helping gather in the 100
it
of debt,
millions gold reserve against the old
legal-tenders, a
preliminary to the resumption of specie payments. It
be remembered that the Government put out 185
will
the 4i per cents for the former
65 millions for the latter purpose.
millions of
pose and
again,
the continuance effected at 2
The
first
fact
is
7,045,1)02
the genei-al one that Treasury cash
banks and sub-treasuries decreased in September
in
$15,699,066.
As the Secretary paid out 118,009,600
in
pur-
redeeming the 4^ per cents and $414,972 for interest,
Then
and also reduced the national bank deposit fund
per cent is of
(which is now a part of the debt) net $832,070, he
special interest, as the transaction has virtually
brought
seems to have disbursed $19,256,642 on account of the
debt at a sacrifice of $15,699,066 in his net cash. That
dis80
more
is to say, he has paid out a trifle over 3^ millions
tinguished as carrying the lowest interest the Governnet loss of cash.
on the debt account than his total
ment can ever hope to reach.
However we view this result, it certainly must be
It was on the second day of June that Secretary
In the first place he
satisfactory to Mr. Foster.
a
new
monthly record bearing a
low that the bonds will no doubt always be
security into the
very
the 4^ per
cannot help being gratified under the circumstances to
the Government in the
than half of the outstanding bonds
Foster called for payment September 2d
cents outstanding, reserving to
>
rate
all
the option of continuing at a low rate of interest
such of the bonds as the holders might offer for that
call
have had more
presented for continuance
and then in the second
;
have got through the redemption and the
purpose, if after further consideration the acceptance of
other debt payments with so small a loss of cash is a
such offers should seem profitable to the Government.
To estisurprise to outsiders, if not to Mr. Foster.
Under date of July 2, in pursuance of this reservation, mate the difficulties correctly it should be borne in
the Secretary issued a notice to the effect that any of
mind that the total revenue in September was only
said bonds might be presented on or before the day of
against $39,804,334 in September, 1890,
place
to
$28,001,247,
payment for continuancj during the pleasure of the
Government with interest at the rate of 2 per cent, and
if so presented they would be stamped and continued
accordingly.
The day limiting the time of presentation was on September 2d extended until further notice
and on September 16th a final circular was issued notifying holders of the 4^ per cents
still
unpresented that
perhaps we ought to say for 1890 $37,800,000,
because the receipts on account of the national bank
deposit fund were about 2 million dollars more in 1890
than in 1891. Whichever way we put it, though, the
or
revenue for this year
•
is
ob viously small—disappoint-
Theie Osuiw do not Mem to be quite correct, but
w* do not ehMge ttem.
cial
m
tbej •»•
o«
»
THE CHRONICLE.
454
'ingly small
we should think
—while the appropriations
has been suggested that
there must have been some postponements of the ordi"With regard to that we have no
nary payments.
information; but we do not see how postponement could
are supposed to be large.
It
be so long continued without
of it than exist.
much more
evident signs
But it
is
[Vol. LIIl.
just possible that even
though the
late year's
accounts do not yield an extra dividend, an additional
dividend may yet be declared, but based on the cur-
We have of course no ofiicial
year's income.
knowledge on the point, but there seems warrant for
rent
the suggestion in the very favorable returns of earnings
which the company is now making. The statement for
Treasury cash, it is pleas- the quarter ending Sept. 30 reveals a very encouraging
ing to note that notivithstanding bond redemptions state of the company's earnings so much so that while
the cash holdings in sub-treasuries show a slight gain in in the corresponding quarter of last year the profits for the
gold, the total being now $132,533,223 net gold, against stock reached only $744,713, or 0-83 per cent, for the
Of course this outcome was aided by quarter this year the profits are a full million more,
$133,471,408.
the large deposits of gold in September by the New being $1,795,896, equal to over two per cent (3'01 per
York banks for the transfer of currency to the West cent) on the stock. To be sure, comparison is with the
As we
and South. Were it not for those transactions the new period in 1890 when the strike prevailed.
this
below, however,
will
show
account
legal tenders which the 1890 silver law created would shall
the
improvement. But even
part
of
be troublesome. But it is hardly worth while just now for only
bothering ourselves about what might be if we had not if the whole improvement were attributable to that
such a big country and such big crops to mitigate the cause, it would not alter the fact that earnings for the
harmfulncss of our ill-advised currency legislation. three months in 1891 have yielded an amount for the
ConsidProvidentially time for education in economics has stock more than double the amount for 1890.
.
Looking
at the details of
—
been granted the country, and it will be the trust of
conservative classes everywhere that the time will be
improved. The Chamber of Commerce has diagnosed
Mr. Simmous's resoluthe disease correctly this week.
ering the large crops harvested
revival
of trade, all
and the prospects
of a
moment
indications at the
the
encourage the idea of continued improvement in income
But should the remaintion passed so unanimously voices the sentiment of the ing nine months yield only the same results as in the
moneyed classes in Europe as well as America; and the previous year, the increase already established in the first
West as well as the East should know that there can be quarter would ensure profits equal to over 5 per cent on
the stock.
As the regular dividend is only 4 per cent
n© unfettered prosperity so long as capital hesitates.
for the rest of the fiscal year.
per
PROSPECTS FOR THE EXTRA DIVIDEND
annum, and
as
the extra dividend has always been
one-half of 1 per cent,
ON NEW YORK CENTRAL.
make an
it
would thus be possible to
extra distribution of the usual rate the
coming
being indulged in as to December, and still leave enough to render certain also
whether New York Central stockholders are to have an the extra dividend in December 1893, thus avoiding a
extra dividend the present year, the same as in 1890 lapse or reduction in either year.
More
or less speculation
is
Whatever the intentions of the management in this
in 1889; and the publication this week of both the
company's annual report for the year ending June 30, regard, there is no gainsaying the fact that the quar1891, and the preliminary exhibit for the quarter end- terly statement is an extremely favorable one.
In the
ing September 30, invests the matter with special form in which the return is furnished by the company
importance.
The market price of the stock has re- there is an increase of $2,845,698 in gross earnings and
cently been quite strong, which would seem to indicate of 11,435,804 in the net. The actual increase, however,
belief in an extra payment.
Still, it must be admitted is hidden by the circumstance that the figures of 1891
that there is an element of uncertainty in regard to the include the operations of the Rome Watertown &
matter which did not exist in other years. The mere Ogdensburg, while those for 1890 do not, the road not
fact that the directors the present week declared only having been operated by the Central at that time.
It
the regular dividend, and nothing additional, would must not be concluded that that factor accounts for
count for little, for December is the period when the the whole of the increase. Far from it. The Rome
extra distribution is usually made.
That was the time in that quarter in 1890 earned $1,118,698 gross and
adopted when the fiscal year of the company ended with $512,357 net. Enlarging last year's Central earnings
September, and though the fiscal year now ends with by these amounts, we still have left an increase of
June the extra dividend, it would seem, is still acted $1,737,000 in gross receipts and of $933,000 in net.
on at the old period.
Considering now the extent of the falling off in 1890,
The element of uncertainty arises from the circum- occasioned by the strike, we find that the loss then,
stance that the extra payment has always heretofore though large, was but half the gain now shown for 1891,
come out of the earnings of the preceding fiscal year, both in net and in gross, after allowing for the
and been based on the results of that year; and if that earnings of the Rome system. That is, the loss in gross
rule is to be adhered to in this instance, there is no like- last year was $681,000 (against the present year's
lihood of such a dividend All doubt as to just what gain of $1,737,000) and the loss in net $545,000
further amount can be paid out of the income of the (against the present gain of $933,000).
In fact the
late year ending June 30 has been removed, now
that 1891 results are the best for the Sopte uber quarter of
the company's annual report, showing the exact results any year since the year following the absorption of the
for the twelve months, has been issued.
That report West Shore in 1885. This will appear from the follow
shows that the balance remaining above the amount ing six-year table.
and
required for the regular 4 per cent dividends was
very
small.
To state the situation in figures, the net profits
(above expenses and charges) for the year were
Gross
Earnings.
1801*. .$11,909,932
1800...
9,061,231
1^169..
9,745,201
9,490,061
1888...
1887...
9,5.50,074
1886 .. 8,717,147
$3,-
while the 4 per cent dividends called
for
$3,577,132, leaving a surplus of only $73,166, equivalent
to less than one-teuth of one per cent
pa the stpcj?.
Bulane*
Quarter
Xel
endiii'i
Sipl. 30.
649,298,
Expenses.
$7,647,410
6.237,S22
6.373,181
6,,'548,43S
6,063,068
4,877,675
'
•Includes operations
oJt
Earnini/s.
$1,263,31(5
2.S26,712
Fixi'd
Slick
S2.1iti.lU'J
2.0Si.<>0i)
$l,79.i,S!t7
,2sl
l,;M:i.73fi
3,37,!,020
l.'l"
2,941,623
3,487,006
3,839,472
l,»tf'i.8Sl
l,tsi».3.'4
1,92..,S:I6
Eome Watertown &
f''r
CKa.tjea.
Ogaenjburjf.
741.712
97t,739
6S2
1,5:17
l,tfl2,5d«
October
THE CHUONICLK.
8, 1801.1
Taking the surplus remaining
the
for
stock as
I
—
the best guide of the outcome in each year for on
that basis even the inclusion of the Rome road
and bujing additional motire power «rul
facilities,
The
ing stock.
in 1891 does not alter the comparison, since the surplus
4,'35
report
rofer/i
among other
roll-
thing* to
the bailding of a station at .Momphii ami to the entire
remodelling of the yard at that point, to the parohaaM
reached after allowing in full for the rental paid of real estate for a paaaonger station at New Orleaof,
under the Rome lease the amount at $1,795,897 for and to the acquisition of iixty acres of land in Chicago
the current year compares with 1741,712 in 1890, with
at Fordham, within two milea of the itte of the
$1,393,739 in 1889, with $974,739 in 1888, with $1,597,- World's Fair— for the purpose of relieving the con-
is
—
—
683 in 1887 and with $1,912,580 in 1886. Only in the gested condition of the company's tracks and yard*,
was the amount larger than that remaining and also to make provision for handling the extra trafthe present year, but in that yeair the ratio of operating fic expected at the time of the coming Kiposition.
expenses to earnings was only 55 •95 per cent, while for
The company did not daring the year poueu that
latter year
the current year
Wo all know
ized the
it
was
as
much
as 64*21 per cent.
management
Central property of
of the
freedom, financially,
degree of
that considerable energy has characterlate,
possessed
for
the
had the
new stock
that
it
would hare
stockholders sabscribed
allotted
to
them
last
in
full
aatamn,
and part of the gain and improvement may justly be and yet notwithstanding that drawback the outBut there was also a special lays on capital account during the twelve months
favoring circa mstance of very large magnitude, namely aggregated
$3,141,804.
This doei not include
the heavy grain movement.
We can not give the fig- the Dubuque & Sioux City, on which $274,847 more
ures for September as yet, but for July and August the was spent, making altogether nearly 3^ million dollars.
increase in the deliveries at New York is strikingly in- The money went not to build new road, bat to acquire
attributed to that cause.
dicated in the subjoined table.
Jvi y
Grain
Axigust
»
^Totnl two monthi-%
l«»l,
l-DO,
4,220,021
W9,674
0.733.758
busK
I,5U.Mg
1,533,199
340380
2.003,900
1,117,897
3,339,139
1,458.777
S,8»7,936
lM7Jt6i
0.234,961
1.707,471
1,707,471
10,092,917
S,014,7tS
i8»l.
.
.
Total
Thus
1890.
bush.
908,37*
bush.
2.624,737
bush.
dtHveries.
Central
We»t Shore....
ISfll.
1890,
bush.
bush.
the Central and the West Shore together car-
additional facilities for the road already controlled.
Indeed, from the detailed statement furnished it appears that
of
the $3,141,804 capital expenditures,
$1,825,221, or considerably more than one-half of the
whole, was spent for new motive power and equipment.
About 50 per cent
of the company's entire rolling
over 10 million bushels of grain (including flour stock has been acquired or built during the last 8^
In this
expressed in its equivalent in wheat) in July and years, or since the Ist of January, 1883.
ried
August, 1891, against only about 3 million bushels
the corresponding two months of 1890.
in
new revenue
freight cars were acquired
and 2,290 revenue freight cars
rebuilt, making 8,401
out of a total of 15,133 cars owned June 30, 1891. Of
the 463 passenger cars owned, 234 have been purchased
THE ILLINOIS CENTRAL PROPERTY.
Two
periojl 0,111
or rebuilt since 1883, and out of 547 engines 274 have
things appear from a study of the report of
been purchased or built in the 8^ years. Not alone,
however, is there this decided difference in the extent
fiscal year, issued this week.
First, it is evident from and condition of the equipment, bat as the averag»
the accounts and statements submitted that the reduc- capacity of each car is very much larger now, the
tion in the rate of the last semi-annual dividend was difference in the aggregate tonnage capacity of the rollfully justified, the step having clearly been a wise and ing stock is even greater than the figures given inconservative one.
In the second place certain charac- dicate that is to say, while the number of revenue
teristics of the year's management impress one very freight cars owned has increased from just 8,000 on
favorably.
There is hardly a page of the report that January 1, 1883, to 15,128 on June 30, 1891, or not
fails to reveal signs of progress
progress, too, which quite 100 per cent, on the other hand in the tonnage
extends to every department of the service.
capacity represented by the cars there has been an inIn reviewing the report for the previous year we crease from 113,684 tons to no less than 290,427 tons,
the Illinois Central Railroad
Company
for the late
—
—
the management " tbat competition among Western railways^
" which has heretofore been almost entirely on the line
" of a reduction of rates, was coming to be, as in Great
"Britain and the Eastern States, one of adequacy and
" frequency of service, and that in such a struggle suc-
or over 150 per cent.
called attention to the opinion expressed by
But the management has been active not onlf ia
making needed improvements and providing additional
equipment and facilities, but it has been active in other
There is an item in the report which doubtless
ways.
will attract little attention, and which is yet very
"cess lay in furnishing the best service." We also significant. We have in mind the reference made to
pointed out what was being done to put the Illinois the fact that a fast mail and an additional limite<l vesCentral in condition to meet this form of competition, tibuled passenger train in each direction had been
such as providing additional track and facilities, in- placed in daily service between Chicago and New Or-
and that the running time between those cities
had been reduced six hours, making it only 29 hoars.
creased motive power and equipment, and raising the
old standards and requirements in the various branches
of the service, the weight of rail in the track being
now
fixed at 75 lbs. per yard against the former
leans,
To understand
it
mum of 60 lbs., the maximum weight of locomotives
having been increased from 49 tons to 61 tons, the
capacity of freight cars from 40,000 lbs. to 60,000 lbs.,
and the number of ties in the track being
increased, and additional amounts of ballast put
The
present report
same policy
tlie
tells
considered very good time, even on the fastest trains,
the distance by the Pennsylvania and Fort Wayne route
being about 912 miles. Hence it is seen that the Illi-
also
is
in.
us that in pursuance of the
not hesitate during the
rendering a train service between
termini whiclk is not very far behind what
considered very exceptional service on the great
nois Central
directors did
late year to
spend further large sums in ballasting the
railway, and in enlarging and re-arranging terminal
the significance of this time schedule,
should be remembered that the distance between
Chicago and New Orleans by the Illinois Central is 915
miles ; and it is this distance that is covered in S9
hours.
In going from New York to Chicago 25 hoars
maxi-
'
is
its
is
THE CHRONICLE.
456
[Vol. LIIl.
and west trunk lines between Chicago and New York.
Such a circumstance shows at once the degree of efficiency which the Illinois Central p roperty has attained,
and the spirit of enterprise dominating those in charge
We need hardly say that in promoting public
of it.
convenience in this manner the Illinois Central people
are also furthering the best interests of their company.
If proof were needed of this it would be found in the
formerly paid, and the rate of pay of passenger train
hands 21 per cent, and in addition delay time, we are
the passenger department.
These revenues, as a result of the enlightened policy
being pursued in stimulating travel on all the lines of
percentage of
exhibit of the revenues of
travel, increased
told, is now allowed on some divisions where previously
no compensation was granted for overtime occasioned
by
delays.
With reference to the payments for taxes, the Illinois
Central, as is known, under its charter pays over to
the State of Illinois in lieu of the ordinary taxes a
gross receipts.
its
under
for in the late year
this
to over half a million dollars
sum
The payment
called
requirement amounted
— $530,949.
The
largest
previously paid in any year, the report says, was
the system, not excluding suburban
(on the same mileage in both years) from 13,287,293 in $496,489 in 1865, and then the average rate of freight
1890 to 13,812,339 in 1891, the gain being over half a per ton per mile was 3 '13 cents, whereas the average
In addition
million dollars or about 16 per cent all in a single now is less than a cent per ton per mile.
—
period of twelve
months
and there had^ likewise been the company paid for other taxes (on the Dubuque
;
an increase in the passenger earnings in the year
pre-
Sioux City system,
together
ceding.
etc.) the
now
of
&
$349,731, making
AVe have said that the average
than a cent a ton a mile. In
$870,680.
freight rate
sum
less
The management have an eye to the future, too.
They have been considering the possibilities of develop- point of fact the rate has been below that figure for
ing new sources of traffic through the proposed exten- some years, and in the late year there was a further desion of commerce and intercourse between the produc- cline, reducing the average to 934 thousandths of a
ing
and
manufacturing
of the
sections
Mississippi
The
Valley and the countries to the South.
states that the negotiation of reciprocity
report
treaties be-
tween the United States and Cuba and the various
South and Central American States having invested
the matter with much interest, the directors of the
Illinois Central deemed it wise to send commissioners
to Cuba, Mexico and Central and South America. The
Commissioners, we are told, found a general desire to
trade with the United States, and especially " on the
"direct line." In explanation of this latter remark it is
pointed out that whereas the distance by rail from Chicago to New Orleans is almost precisely the same as
that from Chicago to New York, the sailing distances
from New Orleans to ports in the Gulf of Mexico and
the Carribean Sea are very much less than from New
York and other Atlantic ports. Obviously this is an
advantage of no little importance, and it is natural that
a desire should exist to avail of it.
As
to the results
of operations in the
late
year,
the income accounts of the Illinois Central reveal
the same general characteristics as the returns of other
leading roads in the West.
There
is
a very noteworthy
increase in gross receipts, showing growth of
traffic,
This reduction, however, in the late year, the
is not the result of any actual reduction in rates, but follows from the carrying of an increased proportion of low-class freight.
The important
fact to note is that the average is very low and it is
evident that the public, and not tho owners of the
roads, are reaping the benefits arising from the growth
of traffic and the increased efficiency of railroad properties.
The public not only gets very low rates, but, as
we have seen, also gets " better, faster and more frequent
" service." At the same time increased amounts are
paid for taxes, and employes receive larger compensation
and enhanced pay. Under the circumstances the outcome has been about as might have been expected,
namely smaller profits and reduced dividends.
On the whole, however, the Illinois Central is able
to present a very good income statement for the year.
The company paid two semi-annual dividends out of
the year's earnings one of 3 per cent and a second of
and this five per cent the income for the
3 per cent
twelve months was just about sufficient to provide.
Of course had 6 per cent been paid there would have
been a deficiency of nearly half a million dollars, as the
stock is $45,000,000 and one per cent on it calls for
There was no contribution out of earnings
$450,000.
to the betterment fund as in other years, but the outlays for repairs and renewals were on a liberal scale.
Owing to the fact that only about 1^ million dollars of
cent.
report points out,
—
—
but an even more striking augmentation in expenses,
leaving the net earnings sopiewhat smaller than for the
year preceding. The gain in the gross reached $1,429,632, of which, as already remarked, $525,047 jjame
from passengers. The augmentation in expenses was the
$1,607,626, and the loss in net $178,094, the operations of the Dubuque & Sioux City being included in
is
five
millions
stock offered the stockholders last
autumn was taken during the
the figures given. As the experience of the Illinois
Central in being obliged to do an increased amount of
business for a reduced amount of profit has thus been
year, there was on June
30 some floating debt, but for a company of the size
and standing of the Illinois Central the amount was
quite insignificant.
The total of the bills payable was
only $2,436,153, the total of all current liabilities $3,-
similar to that of
198,035, and against this enough cash and cash
all
its
neighbors, the explanation given
of things possesses considerable general
The reasons for the enlarged expenses are
for this state
were held to reduce the net
interest.
million dollars.
summed up in the «tatement that the increase
"due to a strict adherence to the higher standards of
"maintenance adopted last year; to enhanced pay" ments for wages and allowances for overtime; to in" creased taxation; and to better, faster and more fre-
But though the amount
tersely
management have been
is
that
" quent
service rendered to the public."
of the Second Vice-President
to the enhanced cost
with the
men
last
o.f
some
The agreement made
labor.
October,
it
is
company
stated, increased the
rate of pay of freight hands 15 per cent over the
rate
and hence
is
of the stock has
The
It
l-J-
small the
desirous of getting rid of even
it is
practically
is
assets
than
pleasant to
know
that
now
the
without any floating debt, for
since the close of the fiscal year. over two millions
In the report
details are given as
little,
liabilities to less
been disposed
more
of.
situation of the Illinois Central then is this
has earned smaller dividends, but physically and
:
is in excellent condition, and its manageand energetic. Not unnaturally the Board
have not ventured on any predictions as to the results
financially it
ment
is live
OCTOBEB
THE CHRONICLR
3, 1891.J
think wo are vioexpected for the current year, but wo
say that they look forward to a
lating no confidence to
result of
period of active and improved business as a
and the revival of general trade ; and
the good crops
in their
furthermore, wo think they are fully warranted
about the inviolability of his territory, and that h» has
expectations.
THE EUROPEAN PROSPECT — HOPEFUL
SIGNS.
The news from Europe, although
still
457
made
it
his business to inquire
how
far the
Dricbund
by him in the event of Russia attempting to
force her way through his territory. Nor is it a matter
of no moment that Austria-Hungary and Uolland,
two powers in many respects so different, should in
view of what they consider impending danger be making provision on a larger scale for the support of their
Such reports would be loss fitted to
respective armies.
will stand
alarm were it not that Europe is armed as she never
somewhat was armed before armed, it is not too much to say,
than it was a beyond her resources, whether regard be had to men or
—
of a
undecided character, is less bellicose
week ago. For some days war was really in the air.
More than anything else it was the subject of converThe change
sation in high places the world over.
money. This aspect of the general situation is not
improved by the attitude which the Germans have
assumed toward the Russian loan.
which has come over the general situation furnishes ug
On the other hand, there are somethings which warwith a fresh illustration of the existence of that dread rant a more hopeful view of the situation. Austriaof consequences which is really one of the most effect- Hungary, Germany and France have, in grand reviews
The speeches of the Ger- and sham fights on scales of unprecedented magnitude,
ive safeguards of the peace.
man Chancellor Caprivi and of the French statesmen been testing the merits of their respective armies and
to
,
Ribot and Ferry have not only given a more hopeful according to report, they are, every one, satisfied with
aspect to the situation they have made it abundantly the morale of the troops, with their discipline, with
plain that the men who now control Germany and their military weapons, and indeed with all that con-
—
France, and the non-military classes generally in both
countries, are bent on the maintenance of peace.
It is not wonderful, however, that there should be
It may seem strange that we
cerns the art of war.
seek signs of peace in such movements or in the
should
doubt in some minds as to the honesty of these declaraNo one can deny that however anxious the
tions.
rulers and the leading statesmen of the countries most
concerned may be to avert the threatened danger, the
facts have for some time been sufficiently alarming. It
is impossible to read the utterances of the statesmen
above-named without feeling that they were fully conscious of the difficulty of the task they had undertaken, and that they needed all their courage to give
assurances of peace in full view of warlike actions
of the most pronounced and unmistakable kind.
Very suggestive are the words attributed to Chan-
out evidence that these things have made for peace.
Since the conclusion of these military manoeuvres,
and peace-speaking have been on
self-gratulation
to the conFrance has come
increase.
the
cellor
Caprivi
:
" No
European sovereign wishes
No European government
Becanse it " would probably be
"to disturb the peace.
"desires war."
" more
Why
?
than all previous wars." One feels in
reading these words that the question of peace or war
is dependent for solution not alone on the intelligence
and wills of statesmen, but also upon the natural tendency of events.
In the history of nations and of
continents, as in the history of individuals, ther^are
times when men are not masters of the situation; and
signs are not wanting that Europe is on the verge of a
great crisis a crisis which may be deferred but which
cannot ultimately be prevented.
terrible
—
Among
the less pleasing aspects of the times
steady and persistent
movement of Russian
is
the
troops to the
results of such
clusion
her
that
completed,
movements.
that
We are not,
military
she
has
however, with-
recuperation
no
longer
has
been
cause
to
and that having
of her
any
fear
friend and ally in the great Northern Power,
secured a
another Sedan disaster is no longer among the possiGermany, on her part, leans confidently on
bilities.
the strength and skill which bore her so bravely to vicAnd while France and Russia promise
tory in 1870.
each other succor in the event of any combination being made against them, the Triple Alliance, secure in
the sympathy and aid of England, in certain contingencies, towers up as the great bulwark of peace.
Thus it is that these manifestations and exhibitions of
military strength have proved helpful in bringing about
what has the appearance at least of a peaceful disposiThe nations are so well prepared for war the
tion.
armies are so mighty in numbers and so near perfection
and the means of destruction are so trein discipline
mendous, that the dread of dealing the first blow is
exercising upon all the Powers an almost paralyzing
neighbors,
;
;
influence.
I
This view of the
by some
case, as it
seems to
us, is
borne out
Prominent among
are the concessions made by Kaiser William
of the facts of the hour.
We have long been accustomed these facts
movements. They have often been in regard to the passport arrangements in Alsace-Lorexplained; but they have never been discontinued, nor raine.
Various explanations are given of the Emperhave they ceased to constitute a cause of alarm. Per- or's action, as commonly happens in such circumhaps too much has from time to time been made of stances. The most natural explanation, however, in
those movements.
The persistency, however, with the general case is the one which most easily comwhich they are conducted compels attention; and it mends itself. The concessions come after the comwould be unwise to regard as insignificant the later pletion of the French military manoeuvres. They
news that Russia is massing troops in Poland and that come after the speeches of President Carnot and of M.
temporary barrack accommodations are being provided de Freycinet, which, while laudatory and exultant, as
all the way from Odessa to Warsaw.
There may be no they had a right to bo, breathed a genuinely pacific
truth in the rumors that Russia is really making prep- spirit. They came after a German expert, who had witarations for a rush upon Constantinople, and that all nessed the evolutions of the French army, had made
these side movements have a relation to this one grand to his Government a report which was in the
central purpose.
But it is not easy to treat lightly the highest degree flattering to the French. As we are disreport that the King of Roumania has become concerned posed to regard them, these concessions in the matter
west and southwest.
to hear of these
THE CHRONICLE.
458
in Alsace-Lorraine practically say, " So
as you Frenchmen are willing to keep the peace
need fear no attack from us. N"ay, more; as these
of passports
" long
"you
"concessions
"you
testify,
we
friendly relations,
and extend
to
with
cultivate
are willing to
you courtesy for
[Vol. LIll,
Deduct—
Overland
toNew York,
Boston, Ac...
Between Interior towns.
Galveston, Inland and local mills
New Orleans, Inland and local mills. ..
Mobile, Inland and local mills
Savannah, Inland and local mills
Charleston, inland and local mills
N. Carol'a ports. Inland and local mills.
Virj^lnla ports, Inland and local mills..
1891.
5,974
1,834
1881.
1,106
1,434
1,705
319
920
792
6C
5,875
125
1,038
2,786
25
1,571
2,130
129
1,209
516
"courtesy."
37
49
54
Among the other facts, we lay stress upon the
1.157
1,808
1,708
in
care which has been taken in official circles
17,450
Total to be deducted
9,408
7,559
Germany to deny the genuineness of the speech at31,109
26,138
L laving total net overland*.
14,060
tributed to the Kaiser's uncle, the Grand Duke of
* Tbls total Includes shipments to Canada by rail, whlcH since
amounted to 2,763 bales. In 1890 were 2,401
Baden. The speech as at first reported was of a dan- September 1 In 1891
and
bales
gerous character and well fitted to stir up hostile feelings. In other circumstances no pains would have been
taken to deny it. As it is we have been furnished with
in 1889
were 1,147
RECEIPTS, EXPORTS
bales.
AND SPINNERS' TAKINGS.
As our statements from week to week have indicated,
the movement of cotton through the outports has in
an additional proof that the German authorities have no the aggregate been less free than in 1890. But a glance
desire unnecessarily to irritate the French Government at the subjoined statement shows that this results enor the French people. There is yet another proof of the
same kind and pointing in the same direction. Among
our very latest cable dispatches is one to the effect that
the Czar and the Kaiser have made arrangements to
meet at Swinemunde, in the Island of Usedom, on the
Swine, in the Baltic region, on October 13. If there
be any truth in this report and we have no more
reason to question it than the others it is probably
quite fair to conclude that the meeting will be in favor
—
of peace.
It
is
also
remember
well to
with her famine on hand,
provoke war at present.
is
—
that Russia,
hardly in condition to
of
cotton was at the close
Annual Cotton Crop
of August, as referred to in our
Report, behind the one immediately preceding
Furthermore, excellent progress has been
and
possible in picking,
amount now
as a result the
in
sight approximates very closely to the total for the
corresponding
To be
period last year.
amount brought
exact,
the
into sight through the ports, interior
movement overland reaches 836,932
for the month of 1890.
towns and the
rail
bales, against
at the close of the
September 30, 1890.
Uovenunt from Receipts Receipts BXPOHTS SINCE SEPT.
Sept. 1, 1891, to
Oct. 1, 1891.
860,274: bales
since
Sept.
Salveston
Bl Paso. &c...
New Orleans. ..
Mobile
TO—
1891,
1,
siTv:t
Sept. 1
1,
1391.
in
it
point of maturity, the weather conditions almost all
through September have been such as to cause a rapid
ripening.
movement and decreased takings
and
month are 297,578 bales ahead of
to the smaller export
by spinners, stocks have accumulated quite rapidly,
COTTON CONSUMPTION AND OVERLAND
MOVEMENT FOR SEPTEMBER.
Although the present crop
on account of less liberal receipts at the Atlantic
In fact, while at all the Gulf ports, notably
New Orleans, the net receipts are ahead of a year ago,
not one of the South Atlantic ports has received as
much cotton as last year, and in some cases the falling
off is very marked. The net receipts have been 676,823
bales, which contrasts with 732,336 bales and 561,710
Foreign
bales respectively in the two preceding years.
exports during the month have reached a total of 201,895 bales, or 153,790 bales less than a year ago. Owing
tirely
ports.
1891.
179,237
170,808
844
131.858
33,725
338
179.721
39,717
StocltB
Great
Britain*
Continent.
Oct. 1.
Total.
1891.
82,739
5,026
3,8.S0
41,694
107,930
88,515
9,966
7.868
6«,389
166,79*
12,426
778
Florida
davannah
160,131
12,622
6,364
B,304
6,723
65,265
86.216
3,985
8,965
liS0,908
Bmnswlck, &o.
Oharleston
Port Koyat.&c.
96,394
1,528
38.090
6
Wilmington
Waablngt'n,&o
44,865
81
83
23,609
.'Norfolk
i.i
14,179
81.481
19,074
1,983
1,985
3,274
8,274
14,?45
8,399
West Point....
15,247
27,963
Newp'tNews.&o.
949
691
1,073
65.167
4,107
8,154
1,198
3,536
8,914
67,647
418
390
400
3,048
4,107
11,602
1,10»
169,897
8,500
8,5»2
1.827
August, and having to some extent at Jeast
adopted the policy of buying merely for present re-
154,468
18,927
2'',500
732,238
26l,S85
quirements.
561,710
180,1197
.'4aw
Spinners have been
less liberal takers of the staple
thus
far this season, having carried over larger stocks at the
York
Bostoa
Baltimore
Philadelphia, jte.
4U4
102
1,491
3,619
178
close of
OVERLAND MOVEMENT FOR SEPTEMBER.
The gross movement overland has been greater than
71.942,
201,893
623,39t
356,683
325,S1*
298,177
239.371
Great Britain exports Inolade to the Chanuel.
Using the facts disclosed by the foregoing statements,
we shall find that the portion of the crop which has
in September a year ago, and moreover exceeds tbe total
for September, 1887, the heaviest heretofore recorded. reached a market through the outports and overland,
In the excess over last year all the routes except that and the Southern consumption during September
this year and the two previous years, is as follows
via Cairo share, but the most conspicuous
:
gain has been
in the shipments from St. Louis, although the increase
via Louisville
is
quite marked.
a_gain over the same
The
month a year
net also exhibits
ago,
and compared
with 1889 the increase is 17,049 bales. The details of
the whole movement overland for three years
are
appended.
1391.
1890.
13S9.
Ammml $Mpped—
^
lill^Ii
'„
BUpped to mUU, not Included above...
Total
KNM overland
14,990
9,297
7,726
96
5,361
3,409
6,186
1,194
48,559
6,928
9,471
6,692
6,752
2,362
1,356
240
•
162
3.10S
2,360
6,603
1,146
2,019
15,867
919
21.619
75a, 374
57.=i,770
1
707,932
49,000
43,000
38,000
756,932
801.374
613,770,
bales.
Total to Oct. 1
of cotton
marketed during September in
thus seen to be 44,442 bales less than
in
1890 and 143,163 bales greater than in 1889. To
determine the portion which has gone into the hands of
Northern spinners during the same period we have prepared the following:
bales.
Total receipts in September, 1891, as above
Stock on hand commencement, ol year (Sept. 1, 1891)—
At Northern ports
142,160
At Southern ports
86,524- 223,684
At Northern
35,546
2tj,138
561,710
11,060
Southern consumption since September
is
1889.
732,236
bales.
Total receipts
1891
1890.
676,823
31,109
bales.
Net shipments overland during same time
The amount
OVERLAND DCRINQ SEPTEMBER
Via St. Loots
Vl» Cairo
via Hannibal
Via ErantTlUe
Via Louisville*
Via Cincinnati*
Via oUierrvntes
1891.
Receipts at the ports to Cot. 1
interior
markets
Total supply during September, 1891
2,768—
756,932
231,45.^
!»88,384.
October
THE CHUONICLE.
8, 1891.J
has been exported
Of
to (orolxn ports ilurlnx September. 201,805
'...
Sid- 201,018
Less furelKo cotton tnoludod
2,783
Bent to Ouuudii direct from West
53
Burnt North and South
Stock on huud end of mouth (Oot. 1, 1801)—
178,303
At Northern ports
441,585— 623,391
At Southern ports
this aupjily there
AtMorthurn
staples occasionally dearer,
Total takings hy spinners during September, 1891.
Takeu by SoiitUern spinners
Taken by Northern spinners daring Sept., 1S91
Takeu by Northern spinners same time In 1890
Deorease
In tuklntcs
The above
by Northern spinners
ISS.dU
10,000
demand for print cloth8,a large business was done, and
standards show an advance of ^o. per yard from the
low price ruling at the beginning of the month. The
jobbing trade was until near the close more active
than usual for September, but latterly, under the
influence of abnormally
....bales
106,S14
135,350
this ye&r. . . .bales.
29,0 15
up
taken 106,814 bales, a- decrease from
the corresponding period of 1890 of 29,015 bales
and an increase over the same time of 1889 of 10,737
to October 1
bales.
exceptionally large
demand
weather, the
business.
for
Collections were irregu-
month, but during the
an improvement was generally noted.
lar early in the
last
two weeks
*
1891.
K
SIGHT.
warm
goods has sensibly slackened.
Other distributing
points report similar interference with trade, but outside of the South they have nearly all recorded an
fall
indicates that Northern spinners had
AMOUNT OF CROP KOW IN
Approhonsions of trouble
Eiver on the wages question stimaluted the
at Fall
5,317- 832.570
Interior markets...........
459
1890.
Ooten Prinir] Sheet- Lan- S'th'n OoU'n Print- Sheet- Lan- S'th'n
loiB
ing inge. east'r 3-yd.
low
ina
caster 3-yd.mid- cloths, stand- ging- sheet- mid- cloths, stojuL Ging- tiUtt
i
I
la the foregoing we have the number of bales which
has already been marketed this year and the two pre-
An
vious seasons.
2-75
T'k
7'»ie 2-75
2-88
Hir«
2-91
8"fl
8 '4
2-94
1..
2..
additional fact of interest
is
the
total of the crop which was in sight on Oct. 1, compared with previous years, and" this is shown in the
3.
4..
6..
Total marketed, asabore
bales.
Interior stocks in excess of Sept. 1
Total In slKht
hales.
1890.
756,932
70,0U0
826,932
1E89
801.374
58,900
613,770
42,000
860,274
655.770
To
furnish a more exact measure of the receipts up to
Oct. 1 we give below our usual table of weight of
We
give for comparison the figures for the same
tims in the two previous years.
bales.
Same
Month of September, 1891.
Number of
Texas
Alabama
Georgia*
South Carolina.
Virginia
North Carolina.
Tennessee, &o..
•
Pounds.
peri'd in peri'd it.
1839.
^890.
Average Averagt Averagi
Weight.
179,573
179,721
39,747
157,631
55,270
39,805
19,102
86,083
96,603,091
89,363,064
19,873,500
79,012,539
27,982,648
20,025,099
9,706,108
42,964,025
385,53 i,074
Weight.
541-61
537-98
497-28
500-00
501-25
506-29
503-08
508-12
499-10
756,932
liOOlslana
Total
Weight in
Bale*.
ifame
509-34
Weight.
525-00
502-46
543-18
198-CO
525-00
502-25
505 00
50185
496-31
507-15
501-00
500-CO
511-27
7
7
7
8a,«
H'fl
11..
12..
8»1«
H»i«
50038
49006
TnoludinK Florida.
7
7
7
7
7
7
5^t
7
7
7
7
7
7
7
7
7
7
7
5^
5%
5^
5:^
5%
5%
7
7!»i«
716,„
7'3,8
3-00
3-00
3-00
3-00
3-00
7ia,fl
300
8li«
8
17.
in 1889.
DRY GOODS TRADE IN SEPTEMBER.
The demand for staple cottons during the month,
while generally
characterized by a cautious spirit,
in the aggregate to a considerable total.
3-00
3-00
3-00
3 00
3-OU
3-00
71<.|«
7lt',B
21..
25..
26..
Sifl
H^
M^s
7
7
7H
7
...8...
2S.
3-Ou
3-00
3-00
81i«
8lt8
«>«
29..
30..
7
714
7
IH
1^
7
The above prices are -For
when otherwise
7H
an
6H
714
7»4
a>4
714
714
6>4
7 14
en
7>4
7'4
6'4
7%
«k
...S...
10
9"l8
3-31
3-31
9l»i.
331
91518
915
7^4
7»4
3-31
331
9"ii 3-31
6'4
7H
TH
7>4
714
6"«
614
6>4
...8...
gi's;;
915,8
3'3i
714
714
3 31
614
cotton, low middling uplands at
New
York,
Ilf SEPTEMBERGOVERNMENT BONDS AND
STOCKS,
FOREIGN EXCHANGE.
The
following table shows the highest and lowest
prices of railway and miscellaneous stocks at the N". Y.
Stock Exchange during the month of September, 1891,
BAILBOAD AKD UISCELLANEOCS STOCKS.
Railroads.
Loxe. High.
Atchison Top. ,&S.Fe.
4714 Flint 4 Pere Marq. ..
Z'i-'a
E\ILnOAD3.
6
Central Paciflc
Ohea.&0.,Vot.Tr.oert.
Do
do Istpref.
Do
do 2d prof.
Chicago <& Alton
Chic. Burl.& Qulncy..
Ohio. <fe East lU
Do
pref.
Ohio. Mil.
<fc
Paul.
St,
Do
pref..
32I9
b's
4»«
W»
The
busiaess
and all popular makes well cleaned
Advances of ^c. per yard were made in
wash
in excellent shape in dark makes, with
Oliver
Den.
Ik
Klo (iraude.
Do
•Uii
B.Tentt.Va.
Do
Do
p ef
.
Ua. Ry.
2d
13
74 >a
97I3
15.!
pref.
pref.
i% 11U>9
U5i>8
iO
SI'S
6-«
5i«
T's
8I4
12
«
45
11
17
7
63
....
17
Xerre H..
123
127
U. 4
Illinois
Central
Low. Bigh.
23
2.^
81>3 82
9714 IIOI9
12i«
8
3
3*
101
lOl^s
Iowa Central
914
Do
Kanawha A
pref..
Mich....
Keokuk &. Western..
Kingston & Peiub'k.
Lake Erie <b West'n..
Do
pref..
Lake Shore
Long Island
Louiav. Ev. & St.
L
.
pref..
Nashv..
.St
LiiuisT. N. Alb. ot Ch .
Tbi ...
Lou St. L.
&
Vlauhattan uousol....
Mexican Central.
...
.Wex. Nat. cert-
Michigan Central
...
HUw.l*8.*W..
pref.
Oo
MlnnxapoUs & St. L
Do
.Mo.
K«n.
D»
ii\
IB>9
.
<tdt. P.
&T. C
H..US.
Do
ts
17
&
dc
U
Aa.
Ji
liit
Ells. L,ex.
Kvausv.
&
1<'I^.
Green Bay W.
LoaisviUo
100^8
731*
9714 10318
6918 76
II714 1-J2
11038 II714
137 ISSi*
Hl»8 H7^
29 19 35^8
8»38 95
45 "a
.
pr.-f
Oea Moines ,fc
*Duliah S. 8U.
pref..
Great North'n, pref.
91!>8
demand was not more than moderate.
in fall prints was unusually large for the time of year,
Do
69 "a
140
Delaware 61 Uuilst>u.
LM. Lauk. ,b Western
341s
21
23
53<a
Si's iO\
131
139
68 M
»6l4
150
27
fabrics are also
"eii"
REVIEW OF PRICES
<fe
Ginghams and
en
7'4
714
stdteJ: Southern sheetings net.
.
prints.
s'si
3-31
3-31
3-31
3-31
3-31
for priming clothe, munufaoturers' net prices: for sheetings, agents'
prloei, which are subjecP to aa average disoount of 5 per cent, except
& Northwest...
The tone has shown a gradual improvomentj and a
Do
pref.
Ohio. & Rock Island
number of minor changes have been made in an 0hlc.St.P.Mlnn.&O.
Do
upward direction. These at the close are well main- 01. Clu. Ohio. pref.
St. L.
Do
pref..
tained, with low-grade goods in both brown and
Cleveland ft Pitts ..
bleached cottons comparatively strongest. The export Col. Houk. Val. & Tol.
prices,,
6>4
...a...
5H
5\
534
5%
5^4
5%
5%
5!l.
6\
714
7>4
714
7'4
714
7
•?.7
ing$.
0^
6^
7«4
7>4
714
7>4
3-31
3-31
3-31
3-31
3-31
3-31
105,9
lOSiB
103,8
1018
101,8
10
7
7
Ohio.
up at the close.
some second-class
lOitg
lO'ia
IOI4
10'4
10i,e
S...
..
71»|„
7
4'4
It will be noticed that the movement up to October
38^4 43 18
shows a decrease in the average weight as compared
79 k. 8031
30
35
with the same periods of the last two years, the average
13
13
85''8
91
this year being 509'34 lbs. per bale, against 511'40 lbs. Canada Southern
6II4
52
Ued .r Falls & Minn..
8
7>s
per bale for the same time in 1890 and 511-27 lbs. Centralof N.Jersey.. 117 120^8
1
with firm
los'ie'
...8...
11..
l.\.
16..
hams
...8...
Atlantic * Pacitlc....
B. &0. 8. W. pref....
BxiS. Roch. & Plttsb.
Do
pref
Bnrl.C. Bap. & Nor..
•California Paciflc...
Canadian Paeittc
amounted
103,a
lOSlS
5%
5%
5%
5%
7
7
7
IS
"*is
103,4
H...
.
2-94
2-94
2-94
2-91
3-00
83lfl
3-31
3-31
3-31
3-31
3-31
lOJ,,
1
ard.
...H..
71*
500 00
511-40
6H
Sh,
5%
5\
5%
...8...
18..
This indicates that the movement during September 19.
20
of the present year is 33,342 bales less than in 1890 21..
22..
and 171,163 bales greater than in 1889.
23..
WEIGHT OF BALES.
7
7
7
... ..
7..
10.
1891.
7
dling. 64x64
ings.
7
7
7
A
H..
«..
followinsr
61x64 ard. hams
dliiig.
prec
.
pref
...
.
11>9
32
10
60
60
82>8
2918
.6
12 1« 15>a
101 >« 106<fl
2514
.il^s
5
51a
t 7'« 103>a
7til9
85 %
8U
lu6>s IIJI4
719
7^8
1
H
2
»8
13
30
29\
771*
Missouri Pacitlo
M»mle AOhIo
1 >«4
Morris Jc Ksaex
..
.fe.St. L..
..tsh.
».V. .<4ews.v.Mi>-s.
ll.id. R.
y. Y.
ChatU
VaL
CbuL a
Y. Culo. J( St. Umia
lat pn-r.
l>o
-2<l pr-r.
Do
West. .
<. Y. Ivaok.
v. y. Lane Krw Ji W.
<<.
*
Do
12
33 14
15!l4
22>«
6914
6J
115 "4 1-255H
97 "4 99 14
27I9 23
15'8
.
Texas...
Jk
23
10
32
10
ptif.
45
Ill's lit
91
a
3
15
'
tOi\ 112
ll>4 -JUVt
73'a' (<2i«
.»
•»
lih*
2%
.<2>«
43»i
1«N>
3lH
13\
THE CHRONICLE.
460
N.Y. &Nor.
pref....
Do
18
& Western.
Do
prel.
Ohio 4
Ohio Southern
Oregon Ry.&Nav.Co.
22
Homestake Mining
Maryland Coal
Tenn. Coal
43%
Do
17
GQia
2614
9
pref.
&
1 = 014
Richmond Terminal.
lO's
15
pref.
53
62
Eio GianJe Western.
40
42%
7118
Do
Rome Water & Oed. 107
7
St. Jo. ir Gd. Island..
34
St L. Alt. &T. H....
pref.
Do
St.
& Man.
AnnA. &No. M.
Do
Do
I714
60
4
4
14
9II4
Silver
80
191s
Wabash
pref..
Wheel. ifcL. Erie
Do
pref.
Wisconsin Cent. Co.
23
Land Trust
Western Union Tel..
45%
20%
16
BuUiou
rex. Pac.
1891
4*,
4038
64I3
195%
98%
1914
85i«
811a
im
1907,
Closing
6»,
coup.
c. '98,
reg.
118
G<
116
117
•117
*116
H8ia
117
11739
99
no.
e,
liU
1191a
119
IN BEPTaHBES.
Low, High.
Low, High.
100 loll* So. Car. nonfiind. 68.. 3
3
do B
Brown consol. 6s
106 106
do
94
94
Tenn. new settiem't es.lOAia lO.i
Currency fund'K 4b.. 95
95
4ie
A.LR.P.B1.&N.0.7B. 4%
5b
100 100%
L. B. & Ft. Smith 7s.
6
6
38
70
71
114
Virginia 68 deferred.
ist. of Col. 3-6JS op. .113
8ia
8%
Alabama
Class
A
. .
oulsiana consol. 4s... 85is
N. Carolina cousol. 48. 97
514
Si>eclal tax trust reo.
Do
87%
98i2
stamped...
8%
7
60
De-
mand.
Sept.
60
days.
DeTnand.
13...
1.... 4 821a 3 4 851a
8.
4 85ia-6 14... 4 82is-3|4
2.... 4^3
8.... 4 83
4 851s -6 15... 4 82-ia i
4.... 4 8j
4 86
16... i82-ia 4
5.... 4 83
4 86
17... 182-ia 4
8
6....
18... 1811S-2 4
7....
19... 4 81ia-2 4
8.... 183
4 86
20...
8.
9.... 183
4 85>s-6 21... 181-2 4
10.... 183
4 851s 6 22... 4 81-ia 4
11... . 82ia-3 4 85-is
23... >81-ia 4
la... i82i«-3 1 H5is
^i... I 81
»
H
1
$
$586,024,720
9,127.290
Debt <iQ vhlch Interest has ceased
31,
1891.
Increase or
Decrease,
$
610,629,420 D. 25,504,700
1,611,770
I. 7,515,520
391,016,552
D. 833,069
390,183,493
Segregate of interest and non-inter984,336,603 1,003,167,748 D. 18,822,839
and notes offset by an equal
amount of cash In the Treasury...
Certlfloates
649,806.748
Aggregate of debt, inol'g
659,078,803
D. 9,271,855
oert's A'notes. 1,534,1H;,261 1,662,236,346! D. 28,094,094
CASH IN THE TREASURY.
$178,631,016
e«,J4S,775-| 244,974,781
348,311.193
Bars
Silver dollars
16,84-1,62
Bars
41,579,263
2,391,290- 408,161,826
Paper— Legal tender notes
(old
19,949,815
7,045,902
2S,3S2,4P0
2,920.072
issue
Gold oertiflcates
1, 1^(0,000
National bank notes
Other— douds. interest and Cou-
5,695,080-
66,933.369
pons paid, awaiting reimburse-
ment
95,289
D
865,468
'"
national bank depos-general account
^its in
itor! j
i
DlBliur,.ng olBcers' balances
16,363,925
21,6^,734
4,774,068-
Gold
$140,784,059
324,938,559
oertiflcates
Silver certificates
Currency certifljates
1H,886,'I0J
Treasury notes of l'«90
Fund for redemp. of uucurrent national bank notes.
Outstanding checks and drafts
Disbursing oaicers' balances
Ajieiioy accounts,
64,251,130— $549,806,748
.
OT
5,w93,704
6,317,504
30,«03,5«0
3.928.725—
Gold reserve
Net cash balance
$100,000,000
44,987,969
«.873,498
141,987.989
Aggregate
Cash balance in the Traasurr August 31, 1891
Cash balance in the Treasury September 30, 1881.
$741,188,210
180,^74,395
144,(187,989
Decrease during the month
5ia
daily posted rates for 60 days and de Aland sterling
exchange in September are given below, it being understood
that bankers' actual rates are usually a fraction below the
prices (osted:
BAIIKEK8' STERLINO EXOHASOB (POSTED BATES) FOB SEPT., 1891.
day:
August
Sept. 30,
1891.
Classification of Debt,
25....
35-is
26....
84ia-5 27....
84ia-5 28....
84ia-5 29....
841s 30....
84
Name
of Railway.
481
4 84
4 84
4 31
481
4dl
San. Pacific
8,303,000
Dnl'n Pacific 27,238,512
Cen.Br.U.P. 1,800,000
8.
4 81
184
1 84
1
84
Open. 4 82is-3 4 851s
HQgh.. 4 S3
1 86
Low.. 4 81
4 84
i^ast.. 181
4 84
DUBT STATEMENT SEPTEMBER
Outttaniino.
Cen. Paclflc 25,885,180
West. Paclflc 1,970.590
810UZ C. & P. 1,828,320
Totels
1
Prinj:ipcU
De-
mand.
1s
84-ia
84-13
84-ia
81
60
day.
Sept.
$15,288,426
BONDS ISSUED IN AID OF PACIFIC RAILROADS.
The
Sept,
,'
•H91s
The following highest and lowest prices are from actual
Bides at the New York Stock Exchange:
KAKGB OF STATE BONDS
$10.238,464 $509,518,2S4 $549,806.748
Minor coin and fractional cur-
4», 1907,
reg.
Issued.
RECAPITULATION.
13
BOia>g,
11618
11618
11618
11618
*»9ia
'991*
*99'4
•99's
Lowest
Aggregate of certificates^
Currency ce rtifleates
4ia»,
Hlgliest....
Silver oertiflcates
Currency certiacates
Treasury notes of 1890
27%
The range of Government bonds sold at the Stock Exchange
to September was as follows:
reg., exl.'Oi'Z p.e.
Amount
$23,332,490 $112,461,569 $140,784,059
2,9^0.072 322,016,487 324,936,559
1,990,000
17,845,000
19,835,000
7,046,902
57,-.'05.22l
64,251,130
oertiflcates
IH
3018
2038
Unlisted.
OOTESNMENT
In
Circulation
the
971a
97
17
certs..
'West Union Beef....
Opening
Gold
17'a
IOH4
100
pref..
39%
3938
19
13
2718
361a
Union Pacitio
Union Pac. D. AG...
•
211a
50
341a
161a
991a
54^8
102
97
I6I4
•National Lead Trust
National Linseed Oil.
261a
14%
North American Co..
23 7e
Oregon Improvem't..
35 18
Pacific Mail
'Pipe Line Trust
54>a
Pullman Palace Car. 187
45
85
14
53 1«
80
82
108
124
46I3
*Mex. Nat. constr
National Cordage
21
80
16
pref.
& West'n
Do
49 14
73
80
108
106
97 14
Feed. Co.
Gen. Electric.
Laclede Gas, St. L...
In
and Notes,
Treasury.
82
76 »8
& Ohio Cent..
•ToLPeoria
44ie
1608
OUutifleation of OertiJlcaXes
98%
11%
pref..
Do
9% Mnliattan Beach ...
8
35°8
13'8
167e
42I4
CERTIFICATES AND N0TE3 ISSUED ON DEPOSITS OS" GOLD AND
SILVER COIN AND LEGAL-TENDER NOTES.
9358
81
& Cat.
$390,133,493
,
4'4>a
97
106
106
Southern Paclflc Co..
Texas & PaoUic
Toledo
Dis.
6,906,692
90% 98
97% EdiBon
1071a 11036
Sixth ATeaue
South Carolina
Tol.
Commercial Cable ...
Consolidated Gas Co.
38 'e
36
96
pref..
Paul Minn.
91a
181a
14^8
pref..
Paul&Dululh...
Do
36
76
714
.
26%
4S
8568
nref..
*Do
Amer. Tel. & Cable.
Amer. Tob. Co., pref.
Brunswick Co
Chicago Gas Comp'y,
Chic. Junction Ry .
Clt'nb' Gas of B'klyn
Claflin, H. B. & Co...
9
75
St. L. &S. F. 1st pf..
St. Louis Soathw
Bt.
75''e
373a
90
241s
.
108
3()'«
Lout. Utgh.
. .
fl5,282,626
8,375,934
Aggregate of debt bearing no interest
5%
861a
pref.
36,540,13S
Fractional currency
Less amount estimated as lost or destroyed
51a
32
Iron
t34S,6Sl,0l9
55,647
Redemption account
40
5
25
68% Am. Cotton Oil Co.
pref.
Do
15238
42% •Am. Sugar Relin.Co.
Chic.
Plttsb. Ft. W.
Pitts. &W.pf tr.rtc.
371a
<fe
III4
231a
821s
13
5
VARions.
DBBT BEARING NO INXIBEST.
Legal-tender notes
Old dfimand notes
National Bank notes
17
39
pre!..
Lill,
3S%
11
Quicksilver Mining..
Do
3
211a
721a
Mlun^eota I.on
241s
Ilia
63
143
16
11
..
331>8
—
Do
Iron
&I..
31a
21s
201a
L
Do
&
C.
IWia
2
34I4
n't 20 k New Cent. Coal
N. Y. & Perry C. & I.
70% 82
24'« 27% Ontario Silver Miu..
GreK. 8h. L. &U. N..
•Pensa. & Atlantic...
Peo. Decat. & E'vUle.
Peoria & Eiisteru
Phila. & Read, certs.
P. C. C. <fc8t.
AHock.
Col.
30^8
7838
261a
70>4
pref.
Mississippi. ..
Colorado Coal
55%
26
Northern Paclflc
Do
41 'a
18>a
la's
53i«
.
Coal and Mininq,
Cameron Coal
11%
81a
32
pref.
Norfolk
146
117
58
139
19>s American
United States
230
23 !« Wells, FarKO & Co
225
High'
147 "a
Lote.
Adams
43
37'4
16
N. Y. N. H. & Hart.
N. Y. Ont. <t We«t....
H.Y. Susq. & West...
EiPKESS.
High.
Lotc.
RAJLBOA.DS.
N. Y. i >ew EnglaDd
iVou
64,823,512
fnt. repatdfii/Compantes.
Interest
accrued
and not
[
Interest
paid by
the U, S.
yet paid.
By
Transportation
Service.
By cash
paid by
m^ts; 5 p.c.
net earnings. the n. a.
$
388,277 35,87 r,4lJ
94,545 9,164,773
408.648 38,031,376
24.000 2,317,808
29.55'< 2.614,118
24,425 2,245,891
12,9J8,768
438,410
482,447
9,387
179,849
6,927
999,353 90,241,379
23,784,799
1.103,620
$
9,261,131
3.913,239
gaitfTUje
pay- of Interest
$
668,2d3
28,957,998
5,211,634
21,684,200
1,828,435
2.604,761
2,0il8,012
65,:i62,960
IMPORTS AND EXPORTS OF GOLD AND
SILVER AT SAN FRANCISCO.
The Collector of Customs at San Francisco has furnished us
SO, 1891.
this week the returns of imports and exports of gold and silstatement of the United
ver for the month of August through that port, and we preStates public debt and of the cash in the Treasury at
sent them below, in conjunction with the figures for previous
the close of business September 30, 1891.
months of the calendar year 1891, The imports have b3en
INTBREST-BEARINO DEBT.
heavier than in any month since November, 1830, the aggregate of gold being |790,938, of which the larger part from
/nJ'rt
Amount
Amount OiUitandlnn.
TWte 0} Loan.
AustraUa, and of silver |330,4;84 from Mexico. There has
Pov'l*
ReoUitered.
Coupoi;.
Total
been received during the eight months a total of $1,861,500 gold
~.^.
4Ml,F'n'd Lou. 1891 (j.-M.I
$26,364,600 t
and $1,905,901 silver, which compares with $991,562 gold and
»25,364,5Q0
ConUnned at 2 p.c. Q.-U.! $250,000,000
$2,282,431 silver for the like period of 1890.
The shipments
4i, F'ded Loan.. 1907 Q.-J
740,'as,480
483,406,160 76,160,950 659,567,100
4«, Rard'K C«rliflc'l.
40,012,750
of gold for August were $75,000 coin to Honolulu and $16,117
93,120
AKKrenate eiol'd'«
coin and $825 bullion to China. Of silver coin China took
Bdii to Pac. RR.
1,080,S41,;00
808,770,>150 76.160.960 685,024.720
$729,249 Mexican dollars and $40,069 ballion, and $90,069 gold
DBBT ON WHICH INTBRKaT HA3 CBASKD BINCB MATDRITT
Mexican dollars went to Japan, For the eight months the
•" °' •"•»"»' onwrnsof which th. prmciSif inlUu'w,- exports of gold have been $1,030,430, against $858,867 in the
S&dlonS.
same months of 1890, but only $3,842,605 silver has been sent
The
following
is
the
;
official
OCTOBKB
T^E CHttONICLR
til.
8,
out, against $4,740,640 in 1890.
the ei^ht months is as follows
The exhibit
for
AuKust
aiiJ
:
IMPOBTi OF HOLD AMU 8ILTBR AT SAN FSANOISnO.
MODTnil.
BuUimi
iH:n.
Jnniiary.
210 37,738
L'4H,,001
Mari^lt
,508
35 ,1H5
15 ,002
April
Mny
Juno
Jnly
Auxust
Bullion,
9
$
•IS!),
..
Fobnuiry..
Onin.
Tnlal.
,733
755, IttS
16,670
10,217
2 1, 846
23,020
30,*71
38,-l«8
35,740
31,922
35,840
21,288
11,627
17,060
41,005
41,180
146,»72
530,948
26S.174
45,725
57,031
39,012
30,471
106,201
790,938
Tot. 8 mos.l 1.637,530 228,970 1,861,500
Tolw,
I
$
192,692
207,003
207.200
213,450
»
224.614
242,843
22X,494
22r.,0S3
163,5118
164,030
2or>,035
2i7,.'')10
2fi'<,fi90
l»3,!112
3:10,484
346,494 1,559,407 1,905.901
SILVER.
OOLI).
BulPni
$
176.602
9H.628
Febnmry.
$
876
72,843
18!U,
Janiinry
320
Marob.
AprU
'
May
i
June
I
July
August....
l.iS.lOO
...
122.X95
147.729
149,263
91,117
160(
Tot. 8 mos. 1.017.177
172
825
Coin.
Bullion,
Total.
3
....
90ii
Total,
'
177,478
98,628
73,163
158.100
123,055
147,901
150.163
91,942
297,,373
286,,168
303,,983
433, 466
222,,860
510, 536
580, 982
819, 318
8,253^1,020,430 3.454.6R6
183.400
297.373
2S«.]68
487,383
140,4.'iO
.S7.1.916
24.000
240, KOO
40,069
510,536
580,982
859,387
387.919
3.842,605
[Prom our own oorrespondtnt.
London, Saturday, Sept. 19, 1891.
being withdrawn from the Bank of England for
Germany, Egypt and other countries, and although none hag
yet been taken for New York there is an American demand
In the open market.
Besides, harvesting has now become
general, and coin will continue to flow out from London to
the interior for a couple of months, while the value of moneyis rising in Germany.
Therefore there is again an advance
in rates here.
At the beginning of the week the discount
rate in the open market was as low as \}g per cent, and at
times business was done at even 1% per cent; but since then
't has gradually risen to over 2}4 per cent.
If an American
demand springs up, the advance will probably be rapid but
in any case it seems inevitable that there must be a considerable rise in the value of money before long.
The silver market remains inactive. There is scarcely any
demand either for India or for the Continent, and speculation
for the time being is dormant. The price, therefore, is no
better than 44 13-16d. per oz.
The week opened with a political scare. The bourses and
stock exchanges of Europe were suddenly startled early on
Monday by telegrams fram Berlin, Vienna and Constantinople.,
aU announcing that British sailors had been landed at Sigri,
and were throwing up fortifications. The telegrams were
evidently intended to damage the Russian loan in Paris, and
very soon they were recognized to be utterly without foundation.
But for a while they caused a general fall. Their
momentary success proves how very apprehensive the public
mind has become and on what a slight thread the peace of
Europe hangs. But even before Monday had ended alarm
had passed away and since then confidence has been completely restored. On Tuesday there was a very active speculation in the American market, which continued on Wednesday until the opening prices in New York were received. On
Thursday, owing to the decline in New York, the market
Gold
is
;
eased off and there was a good deal of realizing until the
afternoon, when prices again rose, and yesterday speculation
became once more very active. Several of the leading dealers
Exchange and of the greater operators outside
in the Stock
wish for a reaction, partly because they have not been able aa
yet to provide themselves with enough stock, and partly because they fear that the boom is being carried too far and to
rapidly.
Few doubt that prices will be decidedly higher some
months hence than they are now, for everybody recognizes
how
favorable the conditions are to the American railroad
companies.
But many careful observers argue
all
the same that
if
th«
rise IS carried
on with equal rapidity for some time longer the
market will Ijecorae top heavy and the general public will be
discouraged from acting in support of it. At the same timo
it
may
be observed that the speculation here has not as yet
large. In the first place prices even now,
become dangerously
Wednrsday evening, money wai in plentiful supply. Stock
Exchange borrowers were able to get all the acoommodation they required at from IJ^ to 2 per
cent, and even within the
Stock Exchange carrying
over rates in the American department range! only
from 8 to 4 per cent.
It
seems clear that if the
speculative account threatened to become unwieldy, rat«a
would have been much higher than these figures show
they were. Unless, then, a check comes from Now York, the
is likely to continue hero.
It is expanding, too,
from the American to other departments. For example, this
week there has been a very marked revival in the market for
South African gold and land bhares. For a long time past
these securities have been entirely neglected, owing to the
gross mtsmanagement in South Africa, and to the banking
crisis there.
But people argue that the depression ha.<« now
lasted a long time: that the management has greatly improved; that the banking crisis is nearly at an end, and that
next year railway com nunication with the gold fields will be
completed. The speculation, however, has been originated in
London not in South Africa.
British railway stocks, too, have been firmer during the
week, and there is surprising steadiness in the market for
inter-bourse securities. It is entirely due to the confidence of
Paris,
In spite of the deficiency of the French crops and the
greater failure in Germany and other Continental countries, and
of the famine in Russia, the leaders of the Paris Bourse profess to be confident that they can, not merely support the market but that they will carry prices much higher than they are
at present
indeed they are predicting a general boom.
speculation
EXPORTS or aOLD AND BILVBR PEOM SAK PRAXCISCO.
Ooiv,
taking thoni nil together, are not aa high as they wore buforo
the Baring crlsin, when condltionii were certainly not ai favorable as they are at present
and in the second place, at th«
fortnightly sotllement, which began on Monday and endad on
;
BILTKB.
Ooln.
461
—
;
And
it
is
proof of their belief
in
their
own
professions
about to bring out a Russian
loan of 30 millions sterling, bearing 3 per cent interest, at a
price that will not yield the investor quite 4 per cent. The
negotiations have been going on for some weeks. The syndicate desired that the price should be under 80 per cent. That
would be two or three points lower than Germ in 3s, audit
would be greatly lower than French rentes and British con"
sols
and the syndicate therefore argued that at such a price
there would be a fair prospect of a rise and consequently an
inducement to the public to subscribe. On the other hand,
the Russian Finance Minister wished the price to be about 88,
for the sake of his own prestige and for the credit of Russia.
It is said that at last an agreement has been come to, that the
syndicate has prevailed, and that the issue price will be about
79.
There is obvioisly a strong inducement for the Finance
Minister to give way. His original desire was that the loan
should be for 40 millions sterling, but the syndicate pointed out
that so large a loan might not succeed and that it would be
better to first place a smaller loan and that a second would
then be surer of success.
At a meeting of the shareholders of the Bank of England
on Thursday a dividend for the half-year ended with August,
at the rate of 53^ per cent, was declared. The dividend abthat a syndicate of bankers
is
;
and leaves
the undivided profits at a
little over three millions sterling. In the course of his speech,
Mr. Lidderdale, the Governor, stated that when the Bank of
England undertook to pay the acceptances of Messrs. Baring
sorbs nearly three-quarters of a million sterling,
the Rest, aa
it is
called— that
—
is,
liabilities of the house were in round figures 31
and that there were other liabilities which had to be
added amounting to nearly 7l^ millions sterling, making the
On the
total liabilities a little under 33'^ millions sterling.
last day of August the whole of these vast liabilities had been
paid off except £380,000, and this small remainder has since
been reduced. The Bank advanced to Messrs. Baring to m*ke
these payments 7J^ millions sterling, which has since been reduced to £7.300,000. The Gtovemor assured the shareholders
that the debt of the Bank would be slowly realized and he
added that he still does not expect the guarantors to be involved in any loss.
The tenders for the new loan to New South Wales, amounting to 4J^ millions sterling, and bearing 8}^ per cent interest,
were opened at ,the Bank of England on Thursday. The
whole loan was allotted, the average price being £95 Os. Si^d.i
or barely 5},^d. per cent above the minimum. Even so, the
success has been much greater than most people expected.
Brothers the
millions,
,
THE
462
CHllONKJL*:.
Enzllsh Financial IWarltets— Per Cable.
for
The weather th^s week has not been quite so favorable
sunshine and
harvesting as last week. There has been little
good
Bome rain. Upon the whole, however, it has been fairly
is
and harvesting is proceeding rapidly. The wheat market
from the United
dull, owing mainly to the very large exports
daily closing quotations for securities, &c., at London,
are reported by cable as follows for the week ending Oct. 8:
The
London,
Sat.
Mon.
Tues.
Wed.
d
per oz
Consols,new, 2^ percts.
do for account
io^
45 !«
4473
9459
9458
447a
Silver,
States.
The Board of Trade returns for August compare with those
of previous months as follows
Difference.
1890.
«
May
33,741,082
33,311,354
35,253,039
38,982,537
34,377,698
June
36,8.50,124
July
32,824,111
32,746,279
* „,„
38,143,850
31,018,842
36,140,334
35,680,242
33,341,005
32,926,295
33,082.629
31,323,897
8 months.... 277,716,930
271,245,384
IVTORTS.
January
February
MarcU...
AurU
August
The
S.
—4,402,768
+2,292,512
887,275
+3,302,293
Illinois
—
+3,923.829
238,518
+1,423,382
+
2-38
months show the
1890.
Difference.
s.
1891.
Philadelpliia &
Union Pacific
March
AnrU
l5»y
Jane
July
August
February...
March
AprU
May
June
July
August
98,418
—2,376,224
—2,147,120
as follows
Per
Difference.
:
£
390,149
492.708
391,644
+ 675,406
—1,029,584
493,790
+ 660,800
—1,621,748
4,8.59,746
6,476,915
5,106,549
5,443,433
5,279,199
9-41
-8.013,057
were
—
+
—
4,779,931
5,369,507
6,827,102
4,389,802
5,862,215
5,935,458
5,535,152
5,447,331
4,612,759
6,104,233
3,657,451
—
41,544.401
43,642,402
-2,038,001
8 months.
The following return shows the position of the
30%
107 14
79%
57 19
79I8
561a
207a
4313
3114
81
75 14
II414
114%
30%
1071a
127'«
5778
7858
5658
2058
o6ia
2I14
44
3178
29%
107
57
76I3
56%
195g
411a
3058
421..J
31>4
—
—3,196,306
£
Jannary
sola
107%
57%
105
Imports and Exports for the Wbek. The imports of last
week, compared with those of the preceding week, show a
decrease in dry goods and an increase in general mtirchandise.
The total imports were $10,370,969, against |9, 650,658 the preceding week and $7,887,930 two weeks previous. The exports
for the week ended Sept. 29 amounted to J7,639,23'3, against
+ 1,596,356
+ 574,699
174,694,910
8 months.... 166.681,853
Exports of foreign and colonial produce
1890.
1891.
10314
1201«
9II4
7513
I2OI3
9158
76I4
1051a
1281a
821a
7514
QPammcyctaX mul aiXtsceXlauecrns ^etPS
—
—
103 14
115
58I4
8079
5678
2158
4413
3314
33 18
Wabash, pref
Per Ct
7678
10613
128I4
8238
751a
II514
947,4
941,,
941'.i
95-92ifl 96-17>a
108
5658
21=8
43^8
Reading.
75%
91%
45
947,1,
9413j«
IO314
1201a
Tri,
45
II514
3158
.
—1,752,437
613.607
21,586,752
21,084,228
20,067,022
20,344,367
22.940,779
21,532.817
24,321,336
22,817,609
19,834,315
20,470,621
21,663,378
20,919,066
19,744,473
21,434,399
21.945,112
20,670,489
106%
Central
Pennsylvania
fol-
s,
*
75%
92%
107%
2d cons
do
Norfolk* Western. pref. 5778
8OI4
Pacifio, pref.
Northern
lowing contrast
Exports.
January
February
771a
1061s
I28I3
84i4
120'u
Thura.
94X.,
9607i« 96021a
IO314
120i«
91=3
761a
1061a
128 >4
8273
103 >4
1261s
Louisville & Nashville.. 83I3
75%
Mexican Central 4s
N. Y. Central & Hudson. 115
N. Y. Lake Erie & West'n 32
—
+6,471,546
P4',6
945s
96-25
Lake Shore
+ 1,036,693
total exports for the past eight
94ii]e
94tii4
Fr'oh rentes (in Parl8)fr. 96-25
'103
U. S. 413S of 1891
'120
U.S. 4s of 1907
92I4
Canadian Pacific
7734
Cliio. Mil. & St. Paul....
:
1891.
[Vol. Lin.
—
+
—
Ct.
8-20
9-17
6-19
$10,551,984 last week and $7,447,603 two weeks previous. Tlie
following are the imports at New York for the sreek ending
(for dry goods) Sept. 24 and for the week ending (for general
merchandise) Sept. 25 also totals since the beginning of the
first week in January.
;
FOREIGN mPOETS AT
+13-89
-15-89
—
9-66
1-21
+
—30-71
1890.
1391.
$2,792,104
5,702,997
$2,008,793,
5,933,369
$2,173,113
6,534,898
$2,121,554
8,219,415
!,495,101
$7,942,162,
$8,708,011
$10,370,969
'$100,578,909 $103,813,825 $116,142,597
Gen'l mer'dlse. 251,662,221i 272,863,760 285,944,471
$90,377,070
305,574,549
Qen'l mer'dlse.
—
TORK.
1889.
1888.
For Week.
Dry Goods
NEW
4-80
Bank
of
England, the Bank rate of discount, the price of consols, &c,,
oompated with the last three years
Total
Since Jan.
1.
,
Dry Goods
I
:
1891.
Sept. 17.
£
Sivt. 18.
OoTernment
S,
84.518.875
25,477.605
1888.
Total 39 weeks. $352,241,130 $376,677,585 $402,087,068 $395,951,619
Sept. 19.
In our report of the dry goods trade will be found the
imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Sept. 29 and from January 1 to date :
EXPORTS FROM NEW TORK FOR THE WEEK.
£
£,
Olrenlatlon
PaWIC deposits
Other deposits
24,5n7,B60
21.819.785
4,822.933
23,852,873
14.415.362
14,560,892
14,721.400
21.342,288
20,576,893
20,042,036
17,-284.375
13,87ii,-50
12,161,045
ll,9i0,72-i
88.311.880
rate
4.368,871
24.in.835
27.559.609
Prop, assets to llabUlties.per
4,981,018
)i7,790,545
10,183,855
securities
3,063,533
31.859,138
Other securities
Beserre
Coin «na bnlllon
Bank
1889.
1890.
Sivt. 18.
21,741,625
20.82-i,705
20.569,507
£^4
44
47X
ot.
perct.
94 15-18
95 6.18ld
128.883,000
Consols 2H per cnet
Cleartng-Uouse returns
102.232,000
For the week..
4
98j^x]
153,204.000
E^ev. reported.
97 6-16
147,871.000
&
Messrs. Pixlev
Abell write as follows:
Gold— A still stronsor dcmanil for 'Rold prevails, and all arrivals are
eagerly inauired for. During the weelc £137,000 lias reached tlie Bank
and £186,000
lias beeti
Arrivals— Natal, £1,000:
1883.
1889.
1890.
1891.
$7,196,743
212,040,242
$7,327,175
251,793,066
$10,247,772
240,933,497
$7,689,332
261,209,095
42 1-18
42!^
4
withdrawn, chiefly lor Kg.vpt and Germany
Ani>tralia, £61,000; Chili, £5,0011; West In£38,000; total, $105,000.
Shipments—To Calcutta, £4,500Alexandria. £200.000; Bombay, £52,500.
Silver— Silver purchases were made for the Continent at somewhat
reduced iiriccs towards the close of last week, and the metal gradually
fell to 44%d.
After the India Council sales yesterday a somewhat better feeling prevailed, and to-day the price has recovered slightly to
44 13-16d. The arrivals per Mo.selle will not he tcmched until the injunction ag,alnRt Its sale has been removed. Arrivals— New York £11
000; Chili, £13,000; West Indies and Montevideo, £146,000-' t ital
£170,000. Shipments—To Calcutta, £10,500; Bombay, £5,000; Hiogo,'
dies,
Total 39 weeks. $219,236,983 $259, 119,84l'$251, 18 1,209 .$271,898,327
The following table shows the exports and imports of specie
the port of New York forthe weekendingS9ptetnber26 and
since Jan. 1, 1891, and for the corresponding periods in 1890
and 1889
at
:
EXPORTS AND IMPORTS OF SPECIE AT
Gold.
Week.
Germany
Mexican DollSrs— Mexican dollars have been dealt in at meltin"- pariand are at present quoted 435Hd. Arrivals- From New York" £66
000. Shipments-To Penang, £112,000.
The following ghows the imports of cereal produce into the
United Kingdom during the first two weeks of the season
com-
•
Total 1891
Total 1890
Total 1889
-
'
pared with previous seasons
mPOBTS.
1891.
cwt 3,006,020
Barley
611,-206
0»t«.
September
1890.
2,802,027
734,160
562,863
41,800
57,316
1,571,748
1889.
2,727,525
561,391
489,960
01,824
220,830
1,437,636
640,993
1888.
2,347,665
253,407
748,652
45,M35
150,782
1,271,816
unportsofwheatowt 3,006,020
531,967
534,157
558,867
640,993
1,296„539
6611.811
1,3.59,230
492,129
4,657,433
1890.
4,727,748
1889.
3,509,605
Average
price, season.. 33s.
33s.
7d.
7d,
1889.
2,727,523
30s.
2d.
1888.
2.347,665
isaa
Id
38s
The foUowmg shows the quantities of wheat,
flour and
maize afloat to the United Kingdom:
_^„»
Thistceek.
•:
2"$t* equal to in. 1,703.000
Wour,
qre.
181,000
Maize.
V»
$374,153
AU
164,379
2,200
11,155
1,215,937
$455,484
$5,053,657
7,173,058
4,817,590
40,500
other countries..
14,213
1,611,810
27,525
$62,466 $75,018,572
14,0001 18,599,570
H,600! 46,480,334
Exports.
1890.
2,802,027
Total..
4,072,144
1891.
Aver, price wheat week... 4 1 2d
Since Jan.X
$96,500
241,250
Week.
1):
Imports of flour
Balea of home-grown.
Week.
1,723,819
987,170
153,-J65
24,757
34..5&a
271,177
416,794
Imports.
BUter.
748,329
33,468
84.262
Indian corn
743,901
Kour
531,916
538,867
66U,8U
Supplies available for consumption (exclusive of
stocks on
£•««
B«»n8
1.
$21,966 $37,081,097
IR .=li7 1«-T
17,031,557
-
:
Wheat
Since Jan.
2,70.5,187
Great Britain
Mexico
South America
ty,
NEW TORK.
Imports.
Exports.
Lantwerk.
1,605,000
183.000
152,000
1890.
2,019,000
188,000
589,000
1889.
1,385,000
180,000
402,000
Great Britain
France
Germany
West Indies
South America
All other countries..
Total 1891
Total 1890
Total 1889
]^SinctJan.\.
Week.
$120,411 $11,048,442
50,000
690,866
216
250,406
43,000
170,6d6
601,290
49,000
137,535
$i',596
$389,411 $12,771,755
14,454,997
456',i'02 14,977,498
$38,150
45,560
26,418
Since Jan.l,
"$il7
400
36,160
20,633
123,781
485.846
360,809
535,481
$1,520,466
3,23(1.124
1,074,103
—We
present in this number of the Chronicle the report of
the condition of the National Bank of Deposit, this city, made
to the Comptroller at the close of business September 25, 1891,
This bank, under the direction of its President, Mr. L. E. Ransom, now shows total resources of $1,372,052, with a capital of
$300,000 and surplus and undivided profits of $77,250.
Foreign Trade of
New York— Monthly Statement.— In
addition to the tables on another page, made up from weekly
returns, we give the following figures for the full months,
also issued by our New York Custom House, The first statemant covers the total imports of merchandise.
OcTOBEn
THE CHRONICLR
3, 1891.]
mpoim
nmw tork.
nrro
lu the following, showing the amounts of national bank
notes Sept. 1. together with the amounts outstan'ling Oot.
the increase or decrease during the month ; also
1, and
the changes In legal tenders held for the redemption of bank
notes up to Oct. 1:
1890.
Otntnt
Dm
Omtral
JJn»
Ooodi.
Merchan-
Ibtal.
•
i
I6(fi06,80&
ae,i«i.88e
letaL
Mfcttait-
Ooo<ta.
Jannarr.-r«bra*r]'
13.U6,I««
«8.»B3.8C6
43.10fl,8'«
18.796.870
88.438,879
Muob....
13.011,330
as.aTii.7ai
48.fll8.07l
1S.570.1B3
88,060,730
43.f)3«,»23
April
a,l)6-.188
41.4;».«53
48,448.8S1
0.348.910
38.5^.940
47.t30,flSfl
M»r
4S,B37.»3I
8.963.99^
88.887,881
4«,giSI.3t8
June
e.SM.OTO 98.S78,4ei
g.ws.tro 83.547.131
48.S46,MI
lfi,4S6,4»7
84.838.819
49.789.818
July
0.201.074
31.92T.B44
41.188.flS8
14,814,70»l
87.«89,01l
B1.50.'<.7I9
8l.078.Me 43,889,048
11,149,487
88 851.047 40.000,814
I8.ai0,7»7
Aajru)it»
108.8W8.«4Bi855.30«.e09 8«l.(108.46t
S8.9?I.(H« a«8.4a7.a»» 889.439.817
ToUl...
BXrOBTS TKOM
HBW
Tork.
Month,
1891.
1890.
1890.
t
88.508.401
8T.000.18S
January
87,940,531
88,485,854
88.148,068
89.187.97i
Mar^b
89,644,853
98,994,487
Job*
S839B.491
89,058,921'
Jnlr
81,183,180 87,811,440] July
15.883.823
13.888.819
Judo
98.488.849
88.874,475
fabniary.^.
March
April
AogoM...
10,580.5S0| 18.560.417
7.718,0.W
13.518.084
Mar
8».080.9!0
S3,883.78«
. .,
April
7.450.360
9.131.83»
Total
12.078.344
85,651,.)74 110,518.005
CtoVERSMENT Kkvkndb AND EXPENDITURES.— Through the
EECKiiTS <0008 omitted).
I
Harch
Apnl
U.053
mt.
tma
15.165
14.121
September.,
Total 9 months.. 140.416 100.980
Mitc'h
iZev'u«
SoweU
«
lotoi.
~i
3,701
38.60
1.786
30.S86
11.282
12.508
8,606
31.778
1,091
33.861
16,857
9.527
21.613
18.849
36.140
37.517
83.053
20.316
11.718
3.263
{3.632
28.001
22,038
18.615
10,359
17,156
12.557
S8..S03
38,607
J3.731
15.151
30,804
tSOO.S.'iB.
f $121,120.
d 8580.600.
/IN9.000. u(lli>,luo. /itllO.H'u. Jc<833,603, tlietutaltoSeptember30,l&01,bolnK
InlhOO:
1003,730.
182,700,540,
I
$3,021 ,000, the total to
September 30, 1800
DISBUBSEMEjnS (OOOs Omitted).
1890.
1801.
I
1
Ordiflary.
$
P«n-
In-
PrffWr
t
'
i
1
83.981
Peri-
t
TotaL
•lon«. terett. iums.
*
Or<Mnary.
I
Ltgat Tender Ifota—
depoalt to redeem national bank
not«« Sept. 1. 1801
Amount dcponltcd during Oot
Amount relitanud A b'nk notes retlr'dai Oct..
Amount nn deposit
2.176
7.918
518
10.826
8.852
1,399
8,005
17.518
13,938[
0.815
5,861
671
29,908
12.593
8.-61
180
360
702
31,788
81,493
264 2.355
AprU... (122.712
817
Max.... t20,9S6! 8.510,
Jons... /16.4fl:ii 18.-88
718
85,831
29,772
13.301
jBly... 023,231
A<I«„... his, 175
Bopt.... kiejanri
170.898
9,518
13,663
8,88J
488
415
80355
11.010
9.366
39,720 114.903
20,738 J 14,750
8^83
5,091
35,903
....
88,936
1
8,086
957 85.080
811; 27.287
1,511
282
14,883
7,282
2.051
099,770
redeem national bank
June
DtpotUt by-
July.
1.
Aug^ut
1.
Sept. 1.
1.
$
Lltinld'Kbkfl..
Beil'o'K undr.
act of '74.."
822,692
5,420,605
9
745.800
5,274,724
76i5.870
5,355,551
730,420
5,334,161i
36,439,861 34,341,669 32,593,061 31,403,128 30,659,353
42.815,717140,584.966 33.714.482 37,423,712 36,723,942
Total
>
$
9
850.263
5,555,393
[nsolv't bks..
Oel. 1.
Act of June 20. 1874. and July 12. 1882.
—
Mr. Augustus Floyd, broker in investment securities at 82
Pine Street, publishes a list of different city bonds which he
&
not being on the Exchange list.
Under the title " Free Coinage from the Business Man's
Standpoint," the Matthews-Northrup Co. have just issued an
address, delivered by Mr. William C. Cornwell, Cashier of the
Bank of Buffalo, before the Merchants' Exchange. The little
volume is printed on heavy paper, and has a cover of slatecolored paper, on which, in silver- frost work, is a censer emitting a dense column of smoke which assumes the hideous
shape of a demon with horns and tusks and diabolical claws.
This is labeled ''Free Coinage."
Anction Sales.— The following were recently sold at aucby Messrs. R. V. Harnett (R Co.
1.730
»|i,ii.s.617.
1801, bolnn $17,644,035.
,' »*'3,730.
..'?
^.
belDC $1,287,400.
•
ft$1.200,538.
S8 13,410 4,581
70,808 8-<,955
$1,849,219.
1
4
1.867,773,
fc
8,071,431,
1->,15
Shares.
Shares.
128 Standard Oil Tr'st 157%-158
75^4
2NorthKiver Ins. Co
prefered
« 13.051,758.
81.540,086.
the toUl to September
THE MERCANTILE NATIONAL BANK
OF TUB CITY OK SEW YORK.,
We
12,
made during
page
the
S.'iT,
and
month can
be seen.
-
OtMtriptUm of Bonds.
Oarrenoy 68
8.
Bond$ Beld
Pubtie DepotiU
in Bankt.
$1,553,000
i>«Ii«roent8
4p«roenta
cents
16,667,500
2.108,000
Sept. 28, 1891, (o
Bank
OireuUUion.
$9,838,000
451,900
119,481,100
21,319,100
Seeurt-
Total Beta.
911,391.000
451,900
136,138,600
23,426,100
1
WILLIAM P. ST. JOHN. President. ITRBDBRIOK B. 3CHB.VCK. OasUaCi
JAMBS V. LOTT, AssUtant Cashier.
I
ACCOUNTS
80L,ICITKD.
THIRD NATIONAL BANK
OF THE CITf OF NEW YORK.
...---
Capital,
XJ.
No. 191 Broadway.
$1,000,000 SurplasdcProata, $050,000
30, 1890
followlntr Interesting statement, furnished by the Comptroller of the Currency,
ihows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
depositaries on September 23.
gave the statement for
September
.
100>i-101
the total to September 30,
Capital,
In Chronicle of
to that the changes
B<>nita.
$1,000 Bleecker St. it. Fulton
Perry KK. 7s. 1900. I AJ ..113^1
$1.00J Bushwick KR. Co.,
Bklyn, 1st, «a, 1902, J*J..100
J51,03S
Bonds Held by National Banks.—The
September 1
by referring
& Son
10 Lawyers' Title Ins. Co.. .159
25 John Pattern MTgCo.. 20
134 Universal Lasting Machine Co
20
17 Third Avenue RR. Co. ...Sol's
20Thurber. Whyland Co.
86,201
83,139
;
/»«jir71.*5S.
Sharet.
tiharcs.
10 National City Bank
479
20 Equit Gas Co. of N. Y...117
Bonds.
25 Nat. B'kof the RepubUc.l79is
31 Fourth Xat. Bauk
170
.$5,000 Suspension Bdi^e. St
2.T Third Avenue KR. Co ...300
Eric June. RR. Ist, 78,1900
Ill
28 Westchester Fire ln3.Co.161
(Erie ReiUway)
The following were recently sold by Messrs. Adrian H. Mul-«
89,052
876
11.883
18,839
15,367
40 268.598 117,577
National bank redemption fund Included
6 82.270.310. c $2,440,804.
, In 1891: at:;.4>ll,7«ii.
TotjU
to
937,423,713
•fi3.\693
1,935,463
According to the above the amount of legal tenders on
deposit Oct. 1 with the Treasurer of the United Statea to
redeem national banknotes was $38,723,012. The portion of
(his deposit made (1) by banks becoming insolvent, (3) by
banks going into voluntary liquidation, and (8) by banks reducing or retiring their circulation, was as foUows-on the first
of each of the last five month.i
t
27.858
13.681
8.851
2per
9171,817,310
Amount on
ler
8
%
9.924
1.C81
17,811
40
Prsm- loroL
In-
aioru. terat. iunu.
15.680
080,000
mt)..... M1.055
Ifanh.. C21.278
'
Oot. 1,1891*
•
t«,i>'.;5,i90.
• moa..
603,757
1,531,633
tion
|2,862.r03.
Jan
9171,213,463
92,n8.390
87,576 3*1.807
24.038 874.373 186.843 110.975
National bank deposit fund Included :—
In ISal:
a »215.740
6 1338.115.
c
belnit
1801.
—
10,681
10,115
28.885
12.290 (12.778
e3,180
13.726 /S.826
14.552 174.280
18.502 )ll.218
11,916 kl.93i
14,169
15.48S
AuKuat
20,611
2e.41H
27.130
27.417
31.721
34.300
c2,838
12,23:i
11,995
July
37.890
11.965
11.207
rnt«r'l
*
22.216
18.966
20,300
~i~
a2,848
9.490 61,127
83.0-:7
18.904
15.373
January
Fabruarr
Out-
lotal.
~J
~i
Amonnt outatandlng
1,
Oct
Z%
ioma,
ItUe'U
Rev'ue Sourc'i
tom».
Sent
offers for sale at prices that make them yield all the way from
Also $5i),000 of
to 5J^ per cent per annum to the buyer.
Chic. BR. gold .sixes
the first mortgage bonds of the L. N. Alb.
on the Indianapolis Division, at 105 and interest, which ought
to be one of the best sixes in the market, as they sell lower for
1890.
Inttr'l
rotlriMl ilurlnK
17.173.523
10.461.012
August
14.402,237
11.304.103
eooiteey of the Secretary of the Treasury, we are enabled
to place before our readers to-day the details of Government receipts and disbursements for the month of September,
Ttom previous returns we obtain the figures for previous
months, and in that manner complete the statement for the
nine months of the calendar years 1891 and 1890.
Oiu-
AiuouQt
oiitetanillnK
10.674,S28
a.Sl.Tltl.BOe ii2!i.813,«03l
Total.
•
16.794.H68
18.280.600
....
February.
Immo'I diirhiK 0»t
*
M Ntw
JfontA.
Amount
Amount
notes Oot. I, 1801
936,723,042
Olrculallun ut uatloual ffold bauKs, not included above, $1 18,387,
0D8TOMS BKOKIPTB.
TOBX.
UtnlumMat.
Totat
JuiauT
Bank Sotu—
JfaHonal
t
48.78S,181
41.830.149
t
•
11,819.905 t8,8aLM8 48.080,763
463
J. B.
WOODWARD
HKXBTCHAPl.V. JU.
Aeoonnts
•olloltad
91,000,000
.....President.
Cashier J.
I
FRBD'K
SSVSA*r....Asst.C»»hl«r
and careful attanUoa to the
Interests of
DsposltoM
<aanuit««d.
Spencer
No*. 18
ALBANY
and
N. Y.
Trask
BAMKER3.
18
Broad
&
3AKATOOA.
N. ¥:
Co.,
York
ritr,
PROVIUK.SCB. A. L:
Street, Ifew
20.3:13,500
»151,087,I00
$171,410,600
TBANSAC-r A 6BNBKAI. B.INKINH Hr.SINESH.
Changes in Lkoal Tenders and National Bank Notkc to All olasaM of Seooritim Boagbt and Sold on Commission, i^pjolal •tt«oUo«
Oct. 1,— The Comptroller of the Currency has furnished BTen to iDTestmeot SacorlUes. Direct «lrd to a*cn oao* aad to eaiUdslplila
ostoo and Chlowo.
THE CHRONICLE.
46*
ply.
The imports of gold this week have been about $5,546,300.
Actual rates for exchange are : Bankers' sixty days
sterling, 4 793^(34 80 ; demand, 4 83 fe4 83}^ ; cables, 4 83i^
l^hc IBaukers' ^n^zft
DIVIDENDS.
Per
KR
Fayuble.
Kailroad*.
of New Jersey (quar.)
Cent.
Del. Lack. & Westeru (quar.)..
Long Island quar)
N. Y. Cent. & Hud. Elver (quar.)
England, pref
Y.
N. y. Susquehanna* Western.pf
Norfolk & Western, pref
Tol. & OUio Central, pref. (quar.)
K
When
Cent.
Xame of Company.
&New
Banks.
Prime bankers' sterling bills on London
Prime commercial
Documentary commercial
Paris bankers (francs)
Amsterdam (guilders) bankers
Nov. 1
Oct 20
Nov. 3
Nov.
1%
Oct.
IM
Nov.
1
Oct.
31a
m
Nov.
l^a
IM:
Oct.
Oct.
Oct.
Nov. 2
Oct. 18
25 Oct. 16 to Oct. 26
- to
22
15 Oct. 2 to Oct. 15
15 Oct.
Gallatin National
6*
3
Oct.
Oct.
mia<-ellanooiis.
lUlBOn Elcc.Illu'K, B'kl.(n(quar.)
" 1 per cent of tliis Is extra.
1
20 Oct.
1
2 Oct. 11
15 Oct.
Nov.
2 Oct.
5
4 84
791*
4 7Si3(»4 78%I
5 26i4*5 2558 5
39%
23Jfl
40
®391'i6l
*5 23%
«
401,8
I
:
Oct 15
2 to
4 81
94
4 79
Prankfort or
1
Oct.
4 80i«
95 ® 951a
Bremen (reiclimarkslb'nkers 9414994%
The following were the rates of domestic exchange on New
York at the undermentioned cities to-day: Savannah, buying
par, selling 5^(3!^ premium; New Orleans, commercial,
bank, 50c. per $1,000 discount
$1 25 to $1 50 discount
St Louis,
Charleston, buying }^ c{ 3-16 discount, selling par
25c. per $1,000 discount Chicago, 25c. per $1,000 discount.
1
6
Demand.
Sixty Days.
October 2.
l?i
Produce RxchauBC
Posted rates of leading bankers are as follows:
(g4 83^.
Books Olosetl.
(Days inclusive.)
2 Oct. 16
[Vol. LIU,
;
;
Nov. 2
Dnited States Bonds.— Governments steady. The closing
New York Board have been as follows:
prices at the
WAI.I. STREET, FRIDAS, OCT. 2, 1S91-S P. M.
The Money Market and Financial Situation.—The imports of gold since Sept. 12 amount to about $7,100,000, and
some $7,100,000 more is afloat for this country. The differ-
Interest
ent estimates vary slightly, but the difference is of little importance, as it is the main fact that the imports continue on a
large scale which affects our markets most decidedly.
The Union Pacific funding plan was successfully completed
on Monday, and another first-class railroad negotiation calculated to remove fears of impending trouble was thus put
to the credit of the leading member of the syndicate. The
collateral for the loan is very large, and it is doubtful whether
the bankers would have negotiated the transaction had they
not believed that the new 6 per cent notes would be abund-
Sept.
Periods
26.
Sev
28
Sevt.
Sept.
Oct.
29.
so.
1.
Oct.
2.
9914* 9914;* 99i«* 9912* 991s!' 991s
4is8,ext'dat2%.reg. Q.-Mcli.
*116 ; 116
rog. Q.-Jan.l 11334*115?4,''115%i*ll«
48,1907..
coup.'Q.-Jan.! 116%*1163i "116!ii 11738-xnr. 116
4s, 1907
*110% *110% '110% '110% 110%
reg. J. & J. 110!%
68, our'cy,'95
reg. J. & J. 112i« *112i« 112i« •112'«i*112i« *112ia
6a, oar'cy,'96
reg. J. & J. *n4i2,*114ia*114i<i*114Ss*11459 11468
6s, Ottr'cv,'97
*117
*117 ni7 MI71S 117%
our'i3j,'98....reg. J. i- J. 117
68,
*119isI*119isl*H9i2 -11958, '119<Sg
68, our'ey,' 99-...reg .iJ. & J. '1191a
TUsistlie price bid attne morning board: no s.iie was mx \-
Coins.—The following are the current quotations in gold foe
various coins:
f4 83 ®$4 87
Sovereigns
3 85
4 74
4 78
Napoleons
XXKeicUmarks.
25 Pesetas
Span. Doubloons. 15 55
Mei. Dimbloons.lS 50
antly secured.
Plnesllver bars..
Fiveft_ .OS
97i«a
—
98
—93 4-94
4 77 Mexican dollars.. — 76I2* — 77ia
'» 4 85
Do unoommerc'l — — a — — 71i«* — 72'a
®15 75 Peruvian sols
»15 70 English silver... 4 80 a 4 90
SH prem U.S. trade dollars— 75 a — —
®
®
3 90
par
The Missouri Pacific business has been hanging over the Pineeold bars...
Government Purchases of Silver. The following shows
market for ten days, and it may now be considered out of
the amount of silver purchased by the Government in October.
the way; it is of little practical use to discuss here the why
Price paid.
and the wherefore of passing the dividend or the morale of
Otitices
Ounces
purchased.
offered.
the chief point of interest to
it from a stockholder's view
s $
$
the public is the fact that the stock has had its great break Previously reported
799.000 SO-9750 3 SO-9760
I,fl94,000
and is now comparatively powerless to do harm.
® «
1$
® $
Railroad earnings are watched with much interest. New
$
« $
9
York Central makes a remarkable statement for the quarter
'
;
;
,(
ending September 30, with an increase of $1,726,998 in gross
earnings and $923,445 in net, including the Rome Watertown
& Ogdensburg in both years for comparison. Burliagton
shows an increase of $293,066 net for August and $652,858 for
two months. Atchison began its current fiscal year with an
• increase of $223,923 net in July, and now reports an increase
of $127,130 for August, making $351,053 since July 1. For
three weeks of September the gross earnings of the whole system are $416,424 ahead of last year, the net not yet rejorted.
But Atchison's large increase this year ought to begin with
November, as the net earnings in that month of 1890 were
$260,000 and in December $360,000 less than in the same
.months of the previous year. In five months, November to
March
inclusive, the loss in net earnings last year was nearly
$1,000,000, owing to small crops. The St. Paul statement for
August is not as favorable, showing a decrease of $96,988 net,
and for two months $38,402. For Missouri Pacific and
Rock Island we get no reports of earnings, and hence the
greater imcertainty about the stocks of those companies.
fiist dividend of \]4 per cent has been declared on New
York, Susquehanna
Western preferred, and this removes
one'more stock from the list of non-dividend payers.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 2 to 12 p. cent
the average being 6 p.c. To-day rates on call were 4 to 6
Prime commercial paper is quoted at 6;a6J^ p. c.
p. c.
The Bank of England weekly statement on Thursday showed
a decrease in specie of £512,000, and the percentage of
reserve to liabilities was 41-14, against 45-88 last week;
the
discount rate remains unchanged at 3 per cent.
The Bank
of France shows a decrease of 17,975,000 francs in
gold
and an increase of 875,000 francs in silver.
The New York Clearing House banks in their statement of
Sept. 26 showed a decrease in the reserve held of $4 228
200
Sl,*„ suTlus over the required reserve of $4,008,125, against
$7,756.750 the previous weeK.
A
&
1891.
Sept. 36.
Differcn'sfrom
Prev. week.
1890.
1889.
Sept. 27.
Sept. 28.
*
60,772,700
60,812.700 60,762,700
64,068,100
59987100 54,625,100
Loaii^ and dlsc*t9 4O7.«17.10O Inc .3,227.600
394;029;iOC iOQsti^M
Circulation
5,.'>70.300 1i.c.
66,500,
3 481 900
3'94R 1
Ret deposits.
404.64l,5(K) Dec.1,918 300 406,838
80a417'3242oo
Bperie
'"-OOOl 93 397 300169 57i'oo2
^S-SSS-'StSe^"Legal tendera...
42.765,400 Def.l,148,300] 22,387:300
SS.eSMTO
Beserre beld... 105,168.500 »ec.4.228,200 115,785.100 10=1
9Rr. ann
Legal reeerve... 101.100,375 Dec. 47i>:575 loijog:?^'!"!!!?:^?^
Capital
Surplus
^
ftnrpuiii rf^rterve.
Porelffn
out
4,008.125 Dec.8,748,62Sl 14.07 5^0ol
Exchange.—Sterling exchange has been
much change
m rates.
Commercial
bills
"gisj^
dull with
are in good^up-
•Total in
month
to date..
•Tlie local purchases of eaoli
the following week.
799,000 $0-9750 a *0-976C
week are not reported
till
Monday
1
State and Railroad Bonds.- Sales of State bonds this week
include $4,500 Louisiana consol. 4s at 87)^; $5,000 N. Car.
special tax trust receipts at 5}4; $5,000 Alabama, class "A,
at lOlii; $34,000 Va. defd. trust receipts, stamped, at 8; $2,000
Ark. 68, fund. (non-Holford), 156; $4,000 No. Car. consol.
4s, 9S^; $5,000 Tenn. settlement 3s at 70.
Railroad bonds have been overshadowed by the stock ma rket this week, and some of the leading incomes have declin ed
in sympathy with stocks. Atchison incomes fell off to 61
6!ii^,
47J^ and 35
this morning and Reading pref. incomes to
Other bonds were
respectively for the three different issues.
generally lower or barely maintained at their previous quotaThe favorable points of the general situation not havtions.
ing changed at all, the flurry in stocks offers a good opportunity for buyers of bonds who take them for investment
Several of the 4 per cent mortgage bonds are still selling near
the same prices that were current before the large advance in
stocks took place. The lowest prices on the incomes above
mentioned were made in the morning and prices later in the
day were higher, Atchison incomes closing at 63^^ and Read-
%
ing incomes at 69J^, 49 and 37.
,
There was a general feeling to-day that the reaction had
about run its course, as it was started by the decline in one
single stock under peculiar circumstances and that stock
appeared to have reached bottom and already rebounded,
while the more important influences of gold imports, railroad
earnings, crop movement, etc., remained as powerful as ever.
Railroad and Miscellaneous Stocks.— The stock market
has been much excited during the past few days, and prices
sharply declined on Wednesday and Thursday. On Monday
the success of the Union Pacific funding plan was announced
and the amount of notes offered to the public was over-subThis strengthened prices for the time, but there was
scribed.
suspense about the Missouri Pacific dividend, to be acted on
by the directors on Wednesday, and this kept the. tone very
sensitive; and when it was actually passed Missouri Piioinc
stock fell off to 60, affecting somewhat the rest of the market.
On Thursday everything was wealser, Missouri Pacific ruiiat the close (probably under exaggerated
ning down to
meetreports of Mr. Gould's hysterical attack at Wednesday s
bonds.
ing), and with rumors of the new issue of Rock Island
re^
Prices opened still lower this morning, but soon began to
cover, and Missouri Pacific, as the leader, advanced from 51ti
when
to 573^ at the first board, closing this afternoon at 57:'g,
prices all around were much better at a considerable advance
from the morning and a derided improvement in tone.
Unlisted stocks were dull. Silver bullion certificates inactive
U%
at 973^.
Ootobbb
THE CHRONICLE
10X1. J
3.
YURK STOCK KXCllXSiiE—AOTr^B STOOKS
NEVr
BatnrdaT,
Stork*.
,
,
Canndit souilierii
Ceiitr.il of Sfw Jersey
Cciitnil I'liollli'
Clie»aj>i'ako J: O., vot. tr. oert.
Do
Do
A
do
do
lot pref
Cliloago BiirlliiKtou fi Qiiiiicy,
& EiiKtcrn IUIuhIh
Ohloago
Do
I!™'-
Paul
St.
Do
OhloBKO
pref.
& Northwestern
Do
pref.
Chicago Rock Island & Pacillc.
Chtcaco St. Paul Minn, ti Om.
Do
,
pref
L.
pref
& St.
Clave. Clnoln. CUIo.
Do
Coluiubu.«
Hocking Val.
.
ifcTol
Delaware & lludnon
Delaware Lackawanna <&Wegt
Denver* RIoGrande
Do
pref.
& Oa
East Tennessee Va.
Do
Do
1st pref.
2d pref.
Evansvlllc * Terre Hauto
Great Xnrtliem, pref
IUInui» Central
Iowa Central
Do
Lake Erie
Do
&
.
pref.
Iiake Shore It Mich. Soutnern.
Long Island
Lonr9vllk'& Na-shvllle
Loulsv. New All). & Chicago
Manhattiin Elevated, cousol.
Mexiean Central
4 West..
Do
Do
pref
A St.
Louis
pref.
Mo. K. 4 Tex., ex 2d m. bends
Do
pref
Missouri Pacific
Mobile A Ohio
Nashv.Chattjuiooga&St. Louis
New York Central & Hudson.
New York Chlo. & St. Louis .
Do
Do
New York Lake
„
1 St
pref.
2d pref.
Erie & West'n
Do
pref-.
New York & New England
New York Now I£av. & Hart.
New Y'ork Ontario Weatern
New York Susquehuu. & West.
Do
pref
Norfolk & Western
Do
pref.
„
Northern Pacific
pref.
Ohlo.S: Mississippi
Peoria l)eca"ur & Evansville.
Phila. & Head., vot. trust, cert
Pittsburg Clnn. Chic, i St. L
Do
A West
Do
pref
.
pref. tr. certs.
BIchiuond AWeat P'tTermlnal
pref
Bio Grande Western
Do
pref.
„
Bome W atertowii A Ogdensb
St.
St.
8t
Louis Alton & T. II., pref.
Louis Southwestern
Do
pref
Paul A Duluth
pref.
_ _ Do
Bt. Paul .Minn. A Manitoba
fioathem Pacific Co
.
•
A Pacific
Toledo Ann Arbor A
Texas
Toledo
N.
A Ohio Central
M'lc'li'
Do
Union Pacific
Union Pacific Denver
,
Wabasb
Dc
A Lake
Wheeling
Do
nref
A Gulf
nref
Erie. ......
pref
Wisconsin Central Co. .......
niscellancoiiK siocka.
American Cotton Oil Co
P"
pref.
Ajd. Sugar Ref. Co. ,te<up. otfs.
.
Do
pref., temp. otfs.
Chicago fJas Co., trust ree'to
Coloraili)
Coal
A
,
Couwillilaied Oas Co.
DiRtinii.L- \- "attle Feed"'gCo'
Kdisdii (ipiieral Electric
Natii>nal Cordage Co
'.'.
iJo
pref*
National Lead Trust..
North American Co
Oregon Iniprovuinent Co
'.'
Paeille .Mail
PtiH- I.iii,. Cprtltlratr.iV
:!
PUllll.
!
,
>tea.
.
_
Western Union
'
*
,
4478
8H% 88%
80
58
89
59 la
U"*
48*«
•6
*88>a
iJref
Telegraph
41%
41«9 U.
44«i
6%
6
IrOweaL
Shares.
2.
'6%
4a7« 413,372
178
6%
88
67
6
Range of i*lu In 180L
88
24<%
HlxliMt.
Mar 10 47% Sept. 21
4% Aug.
470 72% Jan.
6
7 Aug. 81
01
Hept. 10
16,170 47% July 30 01% Sept. 21
llMis ll-*.>|
110 ll»iii 11M% Hi)
116% 118
3,829 105% June 29 133% Apr. 3S
•33
•33
33>« •33% 34
33 la
850 29 Feb. 24 S4%Bept31
83% 34
26'* 27 le
25% '.•C'S,
2508 27
18,886 14% July 30 8M Sept. 2ft.
6818 60
5m
60»4 60Sb
58
68
60% 5,455 42 July 29 007„ Sept. 21
3Ui4 10>4
S9is 4OI4
39
39
80
80
89
40
40
40% 4,660 22 July 31 40% Sept. 21
139 139 •137 110
134 134
136 140
136 140
200 123 M.iy 12 139 Sept. 28
OH'a 10038
98 »9 09"b
98% »<(1V OS's 09 >4 96I4 9918 05% 08% 173,163 75% Mar. 7 100% Sept. 28
*71
72
72
72
72
7:
72
72
70% 72
72
1,600 41% Jan. 3 73%8cpt. 21
72
101*4 102
102 102
102 10;
102 IO2I4 101% 102
101 102%
2,415 83 Jan.
103% Sept. 2
74% 76K8 7414 76''8 73% TIN 73% 7479 7208 741a 7208 74% 173,300 60% Jan.
70 Sept. 31
121%121'8 121% 121% 120% lil-a I20%121i4xll7 117
116% 117
3,285 105% Jan.
122 Sept. 21
llSOglieKB 11508 11608 1140s 115> 116 116081 114 II514 11379 11.578 28,315 102% Mar.
U7%8ept.21
138 138>9 137 187
188 138 *137is ISSia 136 138
210 130 Mar. 18 188% Jan. 13
H8408 8618
88>8 83%
84^8 86
82
H414
78
81% 142,841- 63% Mar. 6 87% Sept. 21
791s 83%
35I4
*34
*34»4
34
3538
35
34
347,.
84
86
31% 33% 4,590 21 July 30 3579 Sept. 22
'08
•93
•02
•03
•91
92
94
02
SIS
04
04
94
5 77% Jan. 29 95
Sept. 21
71''8 731a
70% 72% 70% 73
72»8 73'9
71% 7278 71% 78
44,259 56% July 30 74% Sept. 21
90 July 27 98 Jan. »
33»4 34%
32
3318
3214 33«8
31<4 32>9
33
3-1 ti
31% 33% 40,031 22 July 31 34% Sept. 38
13316 135% 13314 134'6 133
135
6,33j 12478 Au«r. 1 141% Sept 8
ISO's I3518 134 Is 1351a 135% 136
I4338I44I4 142% 144 xl40>al4178 13908l4l'4 139% 1417s 36,969 130% July 27 l45N8cpt.21
I4314 144
20
20
lOis
19
1!)
18
19% 20
1,271
20
18% 18% VO
13% July 30 2038 Jan. 13
48% -19 14 48% 49% 4,120 40 July 30 63^9 Jan. 14
50
60% 49% 50I4 18% 49:it 40>g SO
3I8
•7
7
7
718
714
6% 7
l,27t
714
71*
71s
8% Jan. 14
5 July 30
•50
•50
•50
•50
60
60
60
51% 51% •60
60
60
2b 42 July 20 66 Jan. 14
14ig 141a •131s 141s '14
13% 13% '13% 14%
15
250
*14>s 16
979 July 80 19% Jan. 14
120 126 '120 126
118 125Ja '121 125
111% Feb. 5 129 Apr. 2
107i« 109
110 110% •109 110%
109 no's 110 llOia •109 111
1,670 72 Jan.
110% Sept. 28
102 102
102 103
101 101
10239 102»s 103 1031s 103
103
2,233 90 Mar. 9 104% Sept. 21
HI* •loia Ills lOis lOia 10% 10% 10% 10%
11
in«
1,195
6 Aug. 10 12 Sept. 10
•29
•28
30
30
29
29
29
31
560 20 Jan. 3 33% Sept. 21
2!i
31
31
301a
22
2114 2214
21% 22>s 211a 22% 21
20% 217e 20,968 12% July 31 22% Sept. 29
1
2168
OOis 67%
6578 67%
68
7,965 53 July 31 69% Sept. 21
68% 681a 68'8 67% 681-2 671s 68
124 12539 123% 124% 1231s 125% 123% 1241s 12278 125
123 125
21,403 xl05%Jne30 125% Sept. 28
•98
•98
98% 99
98
90
9914 '98
98
656 86 Jan. 3 99% Sept. 15
90 >s 99
09>s
77% 79% 78
80
78% 7ii% 7879 80
80% 58,220 6578 Aug. 14 82% May 1
791s 81 !«
80'e
2738 ad's
26
27% 25% 26% 10,817 18 Mar. 9 20% Apr. 27
261s 27O8
261a iiS^V
27''e 2838
101% 10278 4,070 95 July 30 100 Apr. 6
101% 101% 101 moils 102 102
103% 103% 101 la 103
2210 2218
22% 22% 21 4t 22
23 19 23 >s
2208 22»8
24
1.135 17 09 July 29 25% Sept. 10
101 14 101% 101
102% 103
102
101% 102 ij 102 102
2,045 87% July 30 103% Sept. 18
1021a 103
-82
•80
•82
82% 82% •80% 83
•83
85
86
86
115 70 May 21 93 Jan. 18
86
'109
nils 112
lll%lll% 100 112
'109 Ja 112
11138 >109iall2
310 98% May 19 113% Sept. 21
•7
714
7% -7
71,
714
7% 714
714
7%
770
7>a
7>s
3% Aug. 3 9 Aug. 24
•15
15
1578 •14% 16
•16
1579 1578
17
15
15
450
17
Aug. 24
708 July 30 18
17I4 IIH
17
17^8 1878
17% 17% 17% 3,390 11% Mar. 14 20 Sept 18
171s 17^
18>s IS^s
25% 26% 25% 27*4 7,441 l!>S!l Mar. 6 29% Sept. 17
27% 28
26'a 28I4
261s 27
261a 2714
6119 6516
62
64 ij
50% 63% 54% 59% 54% 58% 325,892 54% Oct 2 77% Sept. 21
6238 681s
•42
44 14 45
44
44
44
44
44
43% 44
900 26 Jan. 2 45 Sept 21
441a 44%
•85
•86
•86
•84
•86
87
'86
88
88
87
88
90
79% Aug. 17 110 Hay 29
Ill's lll'a lllia 11108 lllia Ill's xllO Ill's 110% 110% 109% 110%
6,301 98% July 28 112 Sept 17
18% lyie 18% 18's 17'4 18% 17% 18% 7,416 11% Aug. 1 20% Sept 22
20
18% 191s 19
79% 79% 79% 79%
8038 8038
82
82Vj 8214
80 "a SU'-i •80
640 57 Jan. 2 82% Sept 22
43 14
43
4308
42
41% iZH 41% 42% 40
43
43 ig 43
4,860 23 Jan. 2 43%fcept21
28»8 2978
2S78 jo^i
BO'S 31
2808 3018
2s08 30% 113,298 17% July 31 31%Bept 16
3058 311a
68% 6678 68
7OI4
63
68% 6OI4 67
701-2
68
69
69
5,406 47% June 29 72% Set't 16
40-8 4108
39'8 401a
33% 39% 37
39% 36% 39% 31,576 31 July 30 i-6 Sept 21
4078 4218
'229
230
225 230
225 235
Pel).
225 230 •225 230
3
150 ;225 July 6 271
207g
20
2078 18,578 14 July 30 23% Sept 17
20% 2108 2018 20% 20% 2lis 20
2114 21%
11
11
11%
11% 19,783 eOsJuly 30 11% Sept 30
ll'a
11
ll'a
11%
10% 1138
39% 41% 40% 41% 33,458 25 Aug. 4 4176 Sept 30
3078 417g
3SI4
ad's 40'4
39
41
37
•18
1818 la's
18^
18
18
18
18
18
1818
1,920 13 Aug. 17 18% Sept 30
181s •18
•54
55
55% 55% •55
55% &5>s 55 •« 55
55%
300 46% Aug. 6 57% Jan. 14
•551b 56
2a i« 3038 2878 290s, 280g 20% 2708 2878 27% 29% 37,776 20% July 30 307g Sept 22
2914 3018
75% 7678 75% 76% 74% 76% 7378 70% 87,950 58% July 31 78% Sept 21
76% 77% 76% 78
25%
25
25
25% 25
26
26%
26 •
200 15i« Mar. 11 26% Sept 18
•18
19'4 19'4
20% •18
19
*l9ia 20
18
500 14 Jan. 2 20% Sept 21
18's *18>s 20
•79
•70
•79
-79
•79
81
83
85
83
83
82
85
322 65 Mar. 9 82 Jan. 12
2478 2479
25
2509
25
25
27
27
261a 261s •251a 26'4
1,051 19 Jan. 5 30 Apr. 28
2278 23
22% 2314 22% 22% 21% 23% 4,160 14% Jan. 7 24 % Sept. 24
23
23 ij
231a 2414
3978 4078
40
38% 40% 38
4076
40% 51,980 2576 Aug. 4 4:1% Sept. 21
41 >a 42
401a 4;^i4
23% 25
23% 23% 25
24
23% 25^1 10,679 12% Jan. 7 26% Sept 22
24% 23
24
2414
•66
66
67
66 14
67
66
OS's OS's
65% 66% 2,416 48 Jan. 6 68% Sept 22
66
66
•35
•36
•38
-38
40
40
40
371s 38
40
300 28 Jan. 8 43% Aug. 25
1314 13%
13% 130e 13
13% 1208 13% 20,688 10% July 27 19% Feb. 7
1308 14ie
13>a 1418
•56
•54
•57
•58
60
59
59
60
•561s 50
69
69
100 49% Aug. 11 76% Feb. 10
•41
40
42
42
40
42
40
40
41
41
411a 42I4
850 23 J.-n. 2 44 May 1
•78
•71
72
72
75
7306
75
73
75
210 56% Jan. 2 7578 Sept 18
75
•741a 75'a
106 108
108 108
IO8I4 IO8I4 10814 108>4 106 108
108 108
276 xl05%July31 114% Apr. 18
•125
126
125
125
125 135
125 ...
120 Jan. 6il22%Jan. 3
3% 878
8% 8%
8% 818
8% 8% 1,410 6 June 11 9% Sept 21
8% 8%
8% 8^8
•17I4 17%
16% 18
•16% 17% •Id's 17
17
16% 16%
17
350 12 Aug. 4 18% Septal
36
36
36
36
35% 35%
676 24 Jan. 15 3878Sept21
37% 37% 37
371a
9-*
971a e7is 97
200 85 Jan. 5 90% July 37
109 100
108% 100%!
6
109 110
loo's loo's 100% 109% 109% 110
426 100 Jan. 2111 Feb
4309
43 14 44>8 43
4179 43% 11,732 23 Jan. 16 44%-Sept28
427e 43 16 •42% 43%
433e 44
1418 14%
14% 14^ 137g 14% 14
I518 151a
14% 6,700 ll%July27i 16%8ept21
141a 16
lOOg 20i«
19% 18% 19% 18
18% 18% 10
10
2,9e0 13 JnneSO 21 Sept31
191s 191s
•43
44 48 •46 60 •46 50
46
46
45
45
48
110 48 Apr. 6 01 Jan. IS
•80
•80
'80
-80
•80
84
84
84
Feb. 10
x81
81
84
10 78 June 8 88
84
4108 4379
42% 4314 4079 42 la 4OI9 417g 39% 41% 39% 42% 208,187 32% Aug. 11 52% Apr. 38
•18
1914 •18
"18
20
20
20
19
500 14 Aug. 11 24% Jan. 14
20
20»8 -I914 20
14
I414 14%
14
141a
14% 13% 14% 13% 14% 7.355 8% Mar. 10 16 Sepi. 18
14>a 15
2978 32
29% 300s 2008 31% 29% 3008 29% 31% 39,7.52 1678 Jan. 2 34%t'ept21
311s
38I4 38»8
3S08
87% 380b 37
38
3814 39
36% 37^ 24.040 20% July 30 39% Sept 23
38
79% 77O8 79
78% 79»8 781a 79% 78I4 79 "a 78
77% 78% 18,433 67% Jan. 2 80 Sept 31
2II4 2II4
211* 211a
20% 20% 20% 20% 20
21
20% 1.510 15 July 30 23% Jan. 14
211a
80%
60^
80>«
aOB^
'
SOI*
67 « 60
A77g
117 1171s
117 118
34lfl
83% 34>« 34
it>\ 26'e
20
27
60
&71S 68%
60>a
69%
7
'.'
I
H
'
I
2508
'461s
25%
26
48
471s
01 V|
91 14
971s
•9719
61% 62%
37% 38ie
98
99
51
51 «
100>4 1000^
...
24^ 24%
47% 48
S8iB 89%
O6V1 •95% 97%, 06% 96
52% 51% 51% 81% 517e
•30
37
36
36%
38
•08% 90%
99
90
987e
8178
51% 51% 51% 81%
2eia
48I4
25
90% 01%
26
89
OOI4
611s
38
9878
611s
100
47% 48
90%
90% 99%
IOOI4
997»
24% 24%
46
46
85% 83%
•04
00
81%
5o
24% 25
46% 47
83% 87%
04
5,306
1,368
31,071
08
1,0.57
60% 61%
85% 80%
08% 08% •08% 09%
5I'79 51%
50% 52%
0978
KM) % 100%
09% 100
94%| 02% 91%
92% 9:!%
3879
80
Is
181s
lOOg
24
25
18% 19%
•23
1779
•23
25
1879
24%
37%
17%
237g
180e
a37g
17% 18%
•23
37%
85% 87%
35%
38^
871s
66% 58%;
60
61
67% 59
87%
102 102
105 105)4 195% 105% 104% 104% 102%
9839 OS's
08 «4 07% 97% 07% 07% 97%
08
37% 3d
30% 86
36% 37
3608 37%' 36
•00
•00
•90
05
05
•00
00
90
05
82%' 81% 827g 81%
83
83% Si's 83% 82
37
37
These are the prices bid and aaked'; no sale made
37
I
{
Price* from both Rxohange*.
34%
87%
58%
103
97%
807g
OS
82%
17%
•28
86%
88
192
07%
36
•00
81%
xBxdlv.
I
1578 Jan.
33% Jan.
57 ^, Jan. 17
S.')
Fob. 27
20
53
Apr. 22
Apr. 88
03% Septal
08
Sept 81
3t Jan. 2 88% June 18
27% July 30 39% Mar. 10
805 02% July 3 00% Apr. 30
12,560 41%feb. 16 447« 8eptl8
30,055
"
3,180
88 Jan. 3111 Feb. 6
May 17
890 98% Aug. 18 110% May 7
6,401] 14% July 28 21% Jan. 17
19% 60,512 11% Jan. 2 20% Sept 14
34
3381 18% Jan.
7 33% May 1
7.610 31% Jan. 2» 41% Feb. SO
37
Feb. 10
61 >,^9,0(»; 61% Aug. 7 81
193
1.446 173 July 31 lfHl% Jan. 14
97%370,000 06% Apr. 22 107% Jan. 14
36% 7,235 34% July 30 39% Jan. 16
00 80 Jan. «i 90 Septal
05
827g' 18.471 70
Jan. 2 86% Sept 19
04
9379 95
04ia 05%
95 14
102% 101% 101411 100% 100% 101% 101%
102
102
102
102
16% 16% 16% 16%' 160g 16% 16% 16%
16% le^e I60g 17
94
101
87119
.
BliV,
Tern..
4314
•6
Oct.
IMl.
I,
Week,
Friday,
1.
'
Ohio Southern
Oregon K'y <t Navigation' Co!
Oregon sb. Line & Utah North
Pitts.
44I4
'89
dOVt
Got.
Sept. 80.
JAN.
»tno»
Bales
of the
WeduMdaji Thnnday,
H
.(;
Do
46>4
a>a
46
and
'i,
'
Mlchik-aii Central
Minneapolis
Sept. 29.
a
OOP.
im
pref.
Western
Milwaukee Lake Sh.
Sept. 28.
:|,
2d pref
Alton
Cbloago Milwaukee v%
Tuesday,
iS>6
*6
Atohlnoii Ton. >t 8auM F«...
>(:
riiolHo
Cauaiiiaii I'ltcillu
Atlantlo
Ohloaii^o
Monday,
Sept. 26.
HH.
Actlvo
for uttek meting
LOWm PBIOBB
aiQBBST AND
STOCKS
4<55
1.275,
10,7421 7.1% Mar. 11 104
I
I
1
i;Bx rlgbtr.
THE CHRONICLE.
466
EXCHA.NttE PBCCES (Continueil)— fiVAar/FS STOCKS.
NEW rOBK SrOCK
Range
Oct., 2.
(sates)
in 1891.
Ask.
Bid.
U Indicates unlisted.
RHllroa<l StockSc
Alabama & VickburKH....^. ..100 '160
100
Albany & Susqiicbanna
100 90
Atlanta & Cliarlotte Air LIT
—
Belleville
South.
<t
26
30
39^8
7914
40%
J
135
99
30
29
June 140 May
June 1031a Feb.
30 Apr.
Apr.
*
So
40
7%
9
Apr.
13
......
Jan.
Jan.
43I8 Sept.
74
20
Sept.
35
13
9
3%
50 150 153 144
100
4%
100
6% 8
25
12
100 15
5
IH 8
100
100 15% 16% 12
& Pittsburg
Columbia & Greenville pi
Des Moines & Fort Dodge
Cleveland
&
Aug. 1671a
79%
100
California PaciflcIT
100
Cedar Falls & Minnesota
Cliio. & Atl., Benef. trust reots.lT.-
Preferred
S. bore
PrcferredH
150
Atlan.U
29%
SIH Aug.
Mar.
Feb.
Apr.
It's
314
Kanawha &
13
90
10
100
100
100
Michifjan
Keokuk & Des Moines
7
10
1
.
Mar.
17
1001
6
Georgia Paciflcif
Green Bay Win. & St. Paul. ...100 t 11
100
2%
Houston & Texas Central
100 90
Illinois Central leased lines
100
Jan.
15
Sept.
8I4 Sept.
Sept.
2758 Sept.
86I3 Apr.
8% Jan.
I214 Sept.
96
16
6
41a Aug.
July
Sept
Feb.
Ranie
Oct.i
Ask.
Bid.
(sales)
in 1391.
Lowest.
Highett,
May
Aug
Aug. 185
Feb.
9
Jan.
36
Feb.
76
H
Jan.
Mar.
Apr
9%
16%
Sept.
Sept.
Sept.
Miscellaneous Stocks.
Aug.
7 'b Sept.
Feb".
Indicates actual sales.)
Pittsburg & Western
50
Rensselaer & Saratoga
100|*165
ISO 165
St, Joseph & Grand Island
lOdi ....
5
St. Louis Alton & T.
....lOOt 3314
26%
St. L. & San Fran. Ist pref
100 75%
55
South Carolina
100
7% 8% 3%
Toledo Peoria & Western II
100 15% 17% 14
Toledo St. Louis & K. City f
11
8
Virginia Midland
100
Sept.
Sept.
June 152
16 14 June
78 Mar.
6 July
5 July
2 Jan.
lOOi* 2512
Flint & Pere Marquette
Praferred
May
162
921*
pref...-100 135
111.
Bostonc&N. Y. Air Line prel... .100
100
Brooklyn ElevatertT
100
Buffalo Eotbester & Pitts
100
Preferred
100
Burl. Cedar Eapids &Nor
DulHtb
170
Highest.
Loicest.
(t
Inactive Stocks.
vindicates unlisted.
INACTITE STOCKS.
Lni
[Vol.
May
Feb.
Aug.
13% Apr.
7 Jan
Preferred
25 Aug' 30% Jan.
louisv. Evans. & St. Lo., cons. 100,* 27% 28
63 Jan.
55 Jan.
lOOl
Preferred
18 Jan.
100* 12is
5 Mar.
lyoulsv. St. Louis & Texas
85 Jan.
70 July
50
Uskhonlng Coal
112 101 Apr. 109% Apr.
50
Preferred
40 Jan.
33 May
25
Memphis <fe Charleston
5 Jan.
5% Aug.
100
Uexican National
50 J143
Morris & Essex
1371s July 1 48% Mai-.
104 Jan. 110 Mar.
100
H. Y. Lack. & V/estem
ISH 16 Mar. 22 Apr.
100 16
H. Y. & Northern pref
lli«
June 11% Sept.
5
100 10
Peoria & Eastern
149 Jan. 15214 Mar.
Ktts. Ft. Wayne & Chicago. .. .lOn *150 153
* No price Friday
latest price this week.
100 ;i45 146 142 Jan.
44
46
Americau E.xpress
100 118 120 113 Jan.
100 t 81
Am. Telegraph & Cable
78% June
American Tobacco Co., pref ..100
93% 97 Aug.
Brunswick Company
100
14
9 June
Chic June. Ry. & Stock Yards. 100
79% 69 June
Preferred
100 83% 84% 81 July
100 80
Citizens' Gas ol Brooklyn
81% 77% June
Columbus & Hocking Coal
100
16
14 July
Commercial Cable
100 120 123 103% Jan.
100 26
Consol. Coal of Maryland
30
23% Mar.
Laclede Gas
100 t 19%
12 July
100
Do
pref
40 May
15
Lehigh & Wilkes. CoalU
18
16 Mar.
100 21
Maryland Coal
24
15 Jan.
Minnesota Iron
100 81
S3
68 May
National Linseed OU Co
100 25
27
22
Aug.
100 { 12
New Central Coal
9% July
Ontario Silver Mining
100 39
40% 38 Aug.
50 260
Pennsylvania Coal
260 May
Phila. Natural Gas
50
23 Fell.
Postal Telegi-aph— CableU
28
34 Jan
Quicksilver Mining
100
4% 5% 4 July
100 25
23 Sept.
Preferred
30
17
Texas Pacific Land Trust
100
19
14 Mar.
50%.lune
100 60
U.S. Express
100 138 142 137 Jan.
Wellg, Fargo Express
Adaras Expre ss
Americi n Bank Note CoH
.
.
150
Feb.
123
Feb.
82% Apr.
101% Mar.
21
80
86
92
Jan.
Mar.
July
Mar.
1938 Jan.
124 Sept.
28
July
21%
Sept.
60
16
Jan.
23%
82%
Sept.
Sept.
Mar.
42-% Jan.
13
Sept.
44
290
21
Jan.
38
Feb.
.
May
May
6^8 Jaa.
40
Feb.
lO'faApr.
70
145
Jan.
Feb.
SECURITIES.
Bid.
Ask.
S.C. (cont.)— Brown cousol.68.1893
1892-1893
Tennessee— 6s, old
1912
Comiromise, 3 4-5 -6s
95
;
NEW YORK STOCK EXCHANGE FRICES.—STATE BONDS OCTOBER
SECURITIES.
New York
87
Bank Statement
City
bonds,
Chatham
190
1894-1 895
RR
week ending
lavitaL
S
Bknk of New York
2,000.0
2.050.0
2,000,0
2,000.0
8,000,0
i.oon.o
1,000,0
Manhattan Co
Merchants'
Mechanics'
—
City
Tradesmen's
Chemical
Merchants' Exchangf
750,0
300.0
600,0
Gallatin National.
Butchers' A I'rovers'
Mechanics' & Traders
Greenwich
__
Leatnet Manufact'rs.
Seveuth National
State of New York....
American Exchange..
Commerce
Broadway
Mercaotue
Paclflo
1,200,0
6,000,0
5,000,0
1,000,0
1,000,0
1,600,0
Chatham
Peoples'
North America.. ......
Hanover
Irving
,
Citizens'
Kasaan
Market
A Fulton
Nicholas
Shoe A Leather
Com Kxcliange.
Continental
Oriental
Importers' <ft Traders'
St.
.
..
'.'.',',"
East River
Fourth National
Central National
•eoond Naiioual
Klatb National
Plrrt National...
Third National
Germac.Arafcrit^n..
Chase N"Uonal
1,000.0
800,0
250,0
200,
760...
h^xcbange.
Gemianta
DnI ted state*
Lincoln
Garfield
Fifth National
Bank or the Hetrop...
West Side
;
Seaboard
Sixth National
Weatem
National....
Nauon«l,B'kijrii
»l ....
1,000,0
1,000,0
300,0
1,500,0
2.000.0
250.0
3,200,0
2,000,0
300,0
»
—
.
800,0
100.0
200,0
200,0
600,0
800.0
200,0
160,0
800,0
200,0
600.0
200,0
S,60P,0
800,0
Loana.
«
1,823,0
1,638.2
P00.7
11,960.0
10,909.0
6.9i4,6
1,900,'!
8,62.1,0
14,6»<9,9
4.1(12,0
2,050,0
442.S)
2.607,3
lob.e
6,603.7
141,2
1,539.4
294,7
4U.V
149,0
674,0
66,3
505.7
2,068,6
8,271,6
1,5S1,4
967,6
43^,3
958,8
814,5
321,3
573.6
1,683,6
284,5
413,1
244,9
763.8
112,8
244.2
l,18!i,2
21)2.'^
408.1
5,120,9
2,6'i2,i
137,0
1,643.1
616,3
863,0
263,3
S,834,)«
28.2
151,9
490.5
673.0
277.1
'.
Avenue
#erman
460,0
200,0
700,0
1,000,0
500,0
600.0
600,0
760,0
600,0
600,0
750.0
600,0
N. Y. Nat'i Kxchange
BowetT
New York Connty....
nnt
300.0
400.0
200,0
600.0
800,0
422,7
Bepnbllc
Fifth
1,000,0
SurpltM.
1,013,3
8U0,2
616,9
603,3
682,1
855,9
869.4
297,7
63»,7
242.0
175,0
868,1
'.206,1
788,5
11,073.7
1.9(16,7
22,15i.0
3,435,0
5,181.3
1,732,4
2,140.0
1,149.5
2,1-47.7
1,299,3
3,66i),l
16,i<29,0
18,504,7
5.466.6
8.341.7
2,716.7
10.348,7
5.803.9
2,394.8
4,29'J,e
14,182,7
3.2 15.0
2,792.9
2,734.0
8,942,0
1.864.0
2958,0
7,158,7
4.385,1
2.040,0
22,910,0
20,9 i2,0
1.099.1
18.15'.,3
7.804,0
4,669.0
2,646,9
23,790,6
3,369.9
1,608.1
2.417,0
3,078,1
2,779,1
11,368.1
4,8h';,0
SptcU.
*
l,320,r
1,486.0
764,1
1,306.0
2,141,1
468,0
1,354,6
144,1
5,325,0
526.7
762.9
203,6
220,0
18-AS
374,7
172,2
192,5
1.491,0
1,679.4
1,015.1
8H6,9
138,7
1,355.1
806.7
145,5
586,2
3,623,7
482,0
670,7
228,1
600,7
93,5
887,0
1,010,1
1,013,3
186,1
3,485,0
4,589.4
92,5
3,443,2
1,223,0
1,037,0
749,6
2,956,5
350,5
79,.
5l!),l
337.7
224,><
255.0
101.1
325,3
148,3
4b6,3
1.876.0
2,074,2
2,(7,8
933.8
544.1
1,252,0
832.5
371.2
—6s
3,0511.9
2,916,>'
2,9^0,9
4,139,0
1,781.1
3,660,0
6,229,0
4,949,9
1,876.0
22,872,0
25,429,8
933,1
17,835,6
8,588,0
5,410.0
207.1
316.4
2,254,0
2,411,0
174.6
l,0u4,2
259.8
541,0
407.0
169,8
452.1
663.3
225,8
477.3
241,0
464,0
111,0
987,7
299,0
559,2
84K.3
813,8
400,0
601,0
192.0
1.323,8
769,0
4,680,5
8,314 5
2,982,1
10,976 2
6,112,0
157.1
1.734,0
55.<,8
12,9745
406.0
709.2
274.1
664,0
281.0
940,2
166,5
825,8
1,P10,3
»
10,910,0
9,857.0
6,475,6
7.455,0
14,086 8
3.617,0
11,275,9
1,695,9
22,920.6
3,9S9.7
4,15i,7
1,716,9
2,110,0
1,103,6
2,428,3
1,339,1
2,924.2
13,372!o
6,206.8
14,996 8
3,208,0
1,769,6
8,371,5
DspMitl.
3.'247,7
22,194,0
3,012,9
1,400,8
2,627,0
3,333,0
2,447.5
12,983,7
4,66S;o
3,190,6
3,118,1
4,65-(,4
4,177,1
4,045.0
2,018 1
1,643,3
2,276!o
4,120,0
1,261,3
8 119 3
3,71i;o
eo.772.7 64.068.1 407.817.1 62.403,1
42.765.4 liil
6n^
"
70
69
old
68, consolidated, 2d series, rects.
6s, deferred, t'st rec'ts, stamped
2
.
.
NetT York City, Boston and Philadelphia Banks:
Sept.
742.0
687.7
285.3
563.0
700,0
367,5
8,l'48,6
1,9(16,9
C
1,270,0
585.0
725,0
046,0
1,220,3
481.0
2,028.0
210.4
2,266,6
942.0
334,0
267.8
2,473,8
261.7
246.9
168,0
88,4
189.5
2,760,2
2,700,6
4.386,9
4,067.0
2,095,0
3,780.0
1,630.0
9,912,4
3,670,0
Leoall.
1913
1913
1913
settlement, 68
58
38
Virginia
Capitat tx
Surolua.
BAKKB.
(0}l omitted.)
Park
New
ciphers (00) in all cases.
Baa&o.
America
Pbenix
JAJ
& J. ... 1 892-1898
J.
Special tax, Class 1.
Consolidated 4s
1910
68
1919
Rhode Island— 68, cou.. 1893-1894
'South Carolina— fia. nou-fund.1888
for the
We omit two
96, 1891, is as follows.
1900
New
Stamped 48
Missouri— Fund
1893
North CaroUna— 6s, old
Funding act
Currency funding 48
Arkansas— 6s,fund.Hol.l899-1900
do. Non-Holford 150
7e, Arkansas Central KR
Louisiana—78, cons
1914
Ask.
Bid.
New York—68, loan
1906
1906
1906
19^0
Class B, 58
Class C, 4s
SECURITIES.
Ask.
Bid.
Alabama— Class A, 4 to 5
2.
Loam.
ur^au.
Specie,
Devositi.i Cl-'r.'i'nlOltarinat,
N. Vork.'
Au8. 29... 124,920,5 397,347,3 60,496,9 53,121.9 403,403,9 5,103,« 549,111,9
Sept.
6...,
12...
19
...
26
...
124,920,5
124,920.5
124,810.8
124,840,8
400,580,6; 58,789,0
101.518.0 81.714,3
404,589,6 62,183,0
107.817.1 63,103,1
51,099.5
47.999,8
46,913.7
42,785,4
102,818,1 5.462,0|752,633,O
103,98.1,3 5.52H 6:626,987,8
108 559.8 503.8 731,913,6
101,841,5,5,570,3 911,066,6
Boston.'
Sept. 12 ...
•'^
19
9...
26...,
66,812,9 151.360,1
65.842.9 15.1.907,7
85,342,9 154,728,3
8.151,0
8,278,1
8,379,2
5,938,6 128.R86.8|3,765.8 81,242,5
6,557.4 126,181,3. 3.813;4 99,081.a
7,083,6 129,146,1 3,810,9 101,781,2
Phlla.'*
Sept. 12....
•
•
19....
28....
35,793,7
35,793,7
35.793.7
Weo-nlttivo cif}^r3 in
delphla, tbe item "
all
t}icie
flnires.
due to other banks."
65,324,2
68 209,3
73,776.1
96,529,0 2.8,51,0
98.07 4.0 2.979,0
98.526,0 3,096,0
28.352,0
28,873,0
29.383,0
93,120,0
98,867,0
97,204,0
t lacluliJg, for
B as to a and Fhlla
City ilailroad Securities— Brokers' Quotations.
Atlantic AT., B'klyn.St'k
Gen. M., 5s, 19(j9...a&0 100
Bl'cterSt. A Ful. K. -Stk. 25
Istmort., 7s., 190(>-.J&J 110
Sr'dway ii 7th.4-T. -St'k.. 195
1st mort., 5s. 1904 . J&D 102
2dmort.,5s, 1914. ..J&J 100
'24 100
8'way let, 6s, gn
and 58, int. as rent., '05. 90
Brooklyn City— Stock
138
Ist mort,, 6s, 1902.. J&J 100
B'klyncroist'n 68., 1908 108
Bkn.U'y&N'ji58,1938 J&J'IOS
Jentral Crosstown—Si.'k., 145
1st mort., 6s,1922.M&N 115
3ent. Pk.N.A E.RlT.— Stk. 113
Consols. 78, 1902 ...J&D 112
ary Dk.E.B.dk Bat'y— stk. 125
Istmort. 7s 1893..J,ftD 100
Drv Dock B. B'y & B.—
110
105
27
114
200
104
101
104
SI
IbO
102
110
105
S'orlp
99
205
Biithth Av.— Stock
EiglithAv.— Scrlp,8s,1911 105
42d & Gr'nd St, F'ry-Stk. 240
iBt inort, 7a, 1893. AAO, 102
37
110
19
HoQst, W.8t.& P.F'y— Stk. 200
1st mort., 78, 1894. .JiJ 100
10
113
51
Niiuh Ave
Se "nd Ave. — Stock
96
95
103
175
42d
List
S3
Im. Eioh...
300
. .
2.')5
Sntchs'&Ui-. 178
Central
ion"
Ohase
Chatham
Chemical
any....
Citizens'
—
—
312
280
185
128
100
1600 1900
ISO
155
18U
250 280
Oolumbia
Commerce... 181
Onutineutal . 138
Corn Exch...
112"
Deposit
£a8t River., 135
187
liO
230
120
e-itth
ffirst
Sixth Ave.— Stock
Third Ave,— Stock..
1st M., 53, 1937. .. J&J
Twenty-third St.— Stock..
l»t moT-t. 7». 1893-
117
120
118
130
103
2500
Manliatt.in... 17
<
MarketiS Ful
Mechanics'..
M'chs'&Trs'.
N.Y. CoHuty.
N.Y.Nat.Ex.
."Jinth
l.ith Ward..
N. America..
Oriental
Pacilio
Park
515
l>'6
1
280
370
Lincoln
Metropolis..
107
BANKS.
New York...
Ask.
123
330
Irving.
I^eather M£s' 210
Merchants'..
Morch'ts Ex
Metropolitan
300
First N., 8. 1. 101
14th street.. 170
170
Fourth. ..
Bid.
295
Gartlold
400
German Am. 120
German Ex. 310
Germania
330
(Greenwich.. 113
Hanover
315
Hud. Kiver.. 110
Im. tfc Trad's*
^Jallatln
'J
Mt. Morris
Murray
Nassau
..
People's
Plieiiix
.
Pi0(buc6 Ex.
177 ".J Republic
220
Seaboard
191
Second.......
2^0
Seventh
ShoeALeath.
Mercantile... 218
nth Ward... 200
2000
Fifth Ave
J&J
90
lat mort., 5s, lOOO.iSIcSN 100
BANKS.
2G3
Bowery
Broadway
M&a
183
3U0
108
210
102
lii"
375
250
Hill 600
165
St.
121
8
State of N.Y.
Third
Tradesmen's.
Nicholas.
Unit'd States
Western..
Wt.at SidA
,
107
,
111
ic'i"
— Latest prices of bank stocks tins weeki
BAN KB.
l.merica
St,
l»t mort., 6s, 1910..
2d ,\£,, income, 6s
1
Bank Stock
.Mauh.A 8t.N.Av6.
101
210
109
250
105
OCTOBRR
THE CIIRONICLR
8, 1891.J
4B7
nUSTON. PillLlDELPUU AND BALTIXORE STOCK EXCHANGES.
lar Share Prices — not Per rentnoi Prteee.
Activ* Stockti
Mondar,
BepU 28.
Jk 8.
•tt
lom
ioi>i
iii" 118
211
17«
170
201
178
177
la
•3S>«
sah
74^
St. P. (Pliil.).lOO
Miili. (BoalonJ.lOO
A-
0U4»
751s
lt»
•4»>9 50
100
100
FltflilMir^- iii-cf.
76
100 7d
Fl. A IVrr Slarq.
100
"
PreferrL-il
Si's
100 •81
Hunt. & Hr. Top. (Pliila ). 50 25''9 26
"
48V»
Prpfcrreil
tO
"
31>4
LelilK'h Valley
51
50
Maiiio Central CBo«ton;. TOO
"
Mexican ('mitral
100 23 Hi 23~o
"
K. Y. & N. Eng.
100 4118 42
"
Preferred
100 105 100
Kortberii (Vutral (Bait.). 50
Kortheni Pautflc^P/ii7a.>.100 29% 3018
"
Prefcrriil
lOO 7tiT9 77%
Old Cdliiin...
fBo.WonJ.100 '167
Pennsylvania.. (PhUa.J. 50
5408 5478
Pbila.Ul. .t Erie.
"
60
341s
"
Phlla.AUcadlnfr
60 20°8 21%
Bamniit Branch Ci?o>ton;. 60
8
TTnlon Padllc
100 41% 4'3ii8
United Cos.of S.I.rriiila.)V)0 224 224
Chli.'. Sc
W.
Cli'vi>. it
Cantou
Pnf.rriil....
Weilnosdar,
Sept. 29.
Hcpt. iO.
43>9
46 ig
*6
101
102
'•
WwternN. Y. Al'ar/'/nVa.; 100
i)is
.
Bell Telephone ..
Bost. A Montana
Butte A Boston..
911s
97
97
•ie"
51
2314
401s
65
46
46
20
105
777,
34
21
7%
42%
222
97
"
50
{Phila.).
501
50
(Bait.)
50
"
100
"
100
(Boston). 100
"
100
"
100
(Boston).
Boston Land
Centennial .Mining.
Jort Wayne ElectrlcIT
Franklin .Mining
rrenchurn's liuy L'nd
.Mining
^...,.111
;;;
iiiilngiil!
I;
*'
50
10
10
25
25
6
25
100
25
guar. 4. (PA«a.).100
i ...,,..
guar. 10
100
Osieohi .M,ning
(Botlon). 251
I
1
Pewablc .Mining.
Pullman Palace Car..
Qulniy Mining
Tamaraik .Mining
9.5%
46
•45
20
J
17% 18%
50
49% 50
"
"
<<
<
124
70
ISSal
dlv.
X ex
270
270
'60
03
•45
51
9,578
18,761
17
60%
'•
"
El. tr. rec.H
100
60
Bonds.— Boston.—
At.Top.&S.F.lOiKvr. lg.,1939, J4J
100-year income 5 a., 1939.Scpt.
BnrL & Mo. River Exempt 6s, Ji-J
1 918, JAJ
Non-exempt Gs
1910,J&J
Plain 4s
Chic. Burl. & Nor. Ist 5,1926, A&O
1918, J&D
2d mort. 6s
1896, J&U
Debenture Os
Cliic.Burl.&Qulncy4s..l922,FAA
40
20
26
20
18
17'8
26
18
Ask.
25
100
23^
o<
7%
14
14
23
Sept.
Sept.
14
8.~>%
Jan.
H
•
—
:
53% J.in. 17 931s
84% Mar. 11 07%
15,401
Aug.
167.173
27, 220
39%
13%
rights.
Bid.
Bonds.
1919, Var
1913, JAU
3%
14
15
Pa. AN. Y. Canal, 7s... 1906, JAD
1939, AAO
Consol. 55
80% 81 Pcrkiomcn, Ist scr.,53.1913, Q-J
63% (i3% Phlla.A Eric gen. M.3g.,1920, AAO
110 jll4
1920, AAO
Gen. mort.,4g
103
PhUa A Read, new 4 g., 1958, JatJ
1st prcf. income, 5 g, 1953, Feb 1
5185
2d prcf. income, 5 g, 1933, Feb. 1
5100 100%
sioo
3d pref income, 5 g, 1938. Feb. 1
1893, AAO
5100
2d, 78
1911, JAU
85%
Consol. mort. 78
1911, J AO
89
Consol. mort. Og
Improvement!Nr.6g., 1397, AiO
94
Con. M.,5 g..stamped,1922,MA.V
88
Phil. Wilm. A Bait., 48.1917, AAO
!
.
!
A
St. L., 7b.
!....„
Ill
103
112
I
100
80% 80%
63%
49
i
102%
102
I
i
I
I
1
Bonds.— Baltimore.
.,,,
Atlanta ACliarl., Ist78, 1907, .TtJ
1903, J>VJ
1900, AAO,
Income 6s
Louls.,Ev.ASt.L..lst,0g.l926,AAOS
Baltimore A Ohio4g., 1933, AAO
101
1936, AAO
Pitts. A Coun., 3 g...l923. FAA
2m., '2—0 g
1925, AAO {l
Stateu Island, 2d, 5 g. 1926, JAJ
1102
4%, Mar. H. A Out., 6s
1923, JAD 5
iB«l.AOhlo8.W.,l8t,4%g.l990,JA.J
74
Exton. 68
Mexican Central, 4 tr. ..1911, JAJ 72%, 72% CapeP.AYad.,Bor.A.,6g.l916. JAD
1916,JAI>
Series B., 6 g...,
Ist consol. incomes, 3 g,non-cum.
33%
1916.7AD
Series C, 6 g
75
76
2d consol. incomes, 3ti, non-cum.
!2% 23%'
1930, MAS
Cent. 01uo,4%g
83% 84% N. Y. A N.Eug., Ist, 7», 1903, JAJ 20
1903, Jij
l8t morl. 6s
112% CUarL Col.AAug. lst78.1H95, J,feJ
1902, FA .\
31
2d mort. Os
104
Ga. Car. A Nor. Ist 5 g.. 1929, JAJ
1900. JAJ
North. Cent. 6a
15
2d mort., scaled, us... 1902, F'A:A 5
1904, JAJ
107
Os
Ogden. A L. C.,Cou.6».1920.AA05 M104
1920,JAJ
Inc. Os
«1920, M 20 25
Scries A,58
1925, AAO
1002, MAN!
100
4%8
20% 20% Rutland, 1st, 6s
,Oif.*Clark.,lnt.gu.,6g.l937,MAX
1898,FAA
2d, 08
Pledm.ACum.,lst, 5 g. 1911, FAA
Bonds.— Philadel ihia
•Pitts. A Connells. Ist 7s. 1393. JAJ
Allegheny Val.,7 3 His. Is'iii, JAJI 100
1"8
Virginia Mid., Ist 68.. .1906, MAS
1% Atlantic City 1st 3s, k.. 1919,MA.V (103
1911 MAS
2d Series, 6»
15% Belvidere Del., Ist, (is.. 11(02, JAU 113
"63
1916, MAS
Catawissa, .M., 7s
1900, FAA (115%
3d Series, 6«
4th Series, 3-4-58.....1921. MAS
Char. Cin.A Chic. 1st 3if, 1947. O— J ....
•" lij
'•
1926, MAS
117%' &tb Series, 88
0% ClearUeld AJetr., 1st.
Va.C.*P.l8t,6g.l9ll. JAJ
s 1117
Connecting, (is
10%
'i West
West":. N.aOon»oL eg. 1914, JAJ
14
\
125%!
14% Del. A B'd Br'k, 1st.
V 103
17% 18
Enston A Am. IstM..
WIIUI.C0L A Au«., 69..1910, JAU
I.I
MISCELI.1NK0CS.
Elmir. A Wilm., Ist.i
8
Hunt. A Br'd rup,Co
Baltimore—CltyUalia».1000,Q-J
70c.
<»tl03
cm 1
•..ii,u^j 106
1000. o—
Fandlng68
80
81
Lehigh Nav. 4%a.
I 807.jrAU
15%' 2d 68, gold
110
West Muryl'dRfCO*.. 1002, JAJ
14
1916,
aeneralmort. 4%s, g.l024,(>-F 90 100
Water 5s
80
1916, MAN
193
FundlngSs
LehlgUValley, I»t6s...l308, JAU 112
1910, .MAS 130%'
1930, JAJ
Exchange 3%8
37
87% 2d78
1923, JAU 1124%
Virginia (State) 3*. new. 1033, JAJ
Consol. 6
1000, JAU
Cbf»apeakeOas.6«
103% 105
North Peuu. 1st, 7s.... 1396, MAN
lis
1010, JAU
1903, JdtJI i2e
CoDaolTaM, Os
Oen. M. 7s
193l», JAJ
&•
i75"ii77' Pennsylvania gen. 6s, r„1010, Var
fMFi.ot. <i«.
1913, AAO
.. ..
1»0^. Vnr 123
EqnIUble f»as. a»
117% 119
103
.
|
1
1;
!
*9^
36% 37
1107%;
127
115
...1900,
.
Ft. 8., Ist. 7».
::::::!;:::::
122
FAA !;.'."" il4%
30
54
g.lU36, FAA
Po'keepsie Bridge,
SchuyLR.E.Side.lstS i;.19:l.>, JAD 106%
Steuben. &Iud.,lstm.,?3.1'.)ll,JAJ 104
13s) 1, AAO 102
UiUtedN. J.,6g
Warren A Frank., lst,7s. 3 J6,FAA 107%
Pltt.s. C.
li
Rock A
lAsk.
I
I
(is
L.
Sept. 31
Sept. 22
Jan. 14
Jan. 2t 50 Sept. 3
Jan. 2 20 Sept. 3
July 31 •230 Mar. 81
49% Jan. 27 62% Sept. 1
4S5i 42
Auk. 1 49 Jan. 14
73 43% Aug. 12 50% Mar. 81
10 13 Mar. 30 24 Jan. 9
383 44% July 31 50 Sept. 22
41 47% July 30 53 May 5
9,923! 11% June 23 20% Sept. 24
3,437 X38% Aug. 5 82% Sept. 21
493! 24% Aug. 14 26% Sept. 21
4,875 1 13% July 31 24% Apr. 28
2.089i
2,195i
Penua. Consol. 58, r
CoUat. Tr. 4% g
A&O
JAD
JAJ
Current River, 1-t. 5s. .1927, AAO
Det. Lans.A Noi'n .M. Ts. 1907, JAJ Stioi' 106%
Eastern Ist niort. g., 1906, M&8 5l21 122
f ree.Elk.AM.V.,1st,6s.l933,A&0 M20
Unstamped lat, .... 1933, AAO Jll9 120
K.C.C.A8pring.,lsl,.'>g.,1923,AAO
100
K. C. F. 8. A M. con. Os, 1928, MAN
07
K.C. Mem. A Blr.,1 st, 58,1927, MAS
K.C. St. Jo. A C. B., 7». 1907, JAJ SU6%
1919,
Iowa Dlvislou 4s
CI1IC.& W.Mich, gen. 5s. 1921,
Consol. of Vermont. 38.1913,
12 1 33% Feb. 5
10 200% Keh. 13
7 20%Jnn. 19
Feb. 3
2 40
7 100%H«ut.28
2 73%8opt2l
13 61
Jan.
31 23 8spt.l9
July 31 -42% Sept 18
434 94 July 31 116% Jan. 15
6 63% June 17 71 Aug. 31
23.806 20% July 30 »0%8ept. 21
29,001 53% July 81 78% Sept. 21
142 1G2 July 29 108% Apr. 28
6,500j 49% May 19 35
*ppt.2 I
400! 24
July 30 35 8ept.21
47,650 I2i5„ Au(?. 4 21i3„8ept.2
4% Feb. 6' 7% Aug. 31
44,358 32% Aue. 11 52% Apr. S8
75 222 July 31 230 Feb. 6
1,882
6% July 31, 0% Sept. 13
lEx
Westing.
205
3
17% July
31
'
Bid.
Apr. 8
Apr. 16
Jan. 20
19
6,
I
43%
20
18
18%
108
1,690
Mar.
Uar.
Mar.
Aug.
Mar.
JiUy
7 131
6j240
•45% 45%
18>4
26
720
41
6
4 103%ftept. 10
19
2»
5
18
19 27%8ept.l»
65
30 86% Apr. 33
17% Jan. 2 23%H«pt.23
43% Mar. 20 49 Sept. 21
43% June 4 61%8epi22
"
120 AUR. 18146 Fob.
464
50
18
43
26
18
284
18%
87%
49%
50%
17% 19
47% 48%
50
Inactive stocl(s.
66
310
23%
47%
50%
9%
19% 19%
43% 49% "49"
48% 49
26I4
wna made.
67
76
20
130- 180
45
46%
16% 18
270
•58
65
45% 40
45 40
20
47
as
61
84
96
182
269
46
85 Mar.
127 Jan.
113 Jan.
187 192 Jan.
103 172% Jnno
141 157 July
120 10% July
125
7%
23
9
9
47%
17% 17%
18%
18-is
50
30
S
'OH
85% 88%
93
186 xl81
48% 46
50
26%
18%
9
49% 49%
49% 50
18
25
43
39% 41% 39% 42
X222%222% 222%
43% 40
49% 49%
49i>8
i'03"
ios"
i'oo"
106%
102
101
101% 101%
102
I
U
I
103%
100% 100%
114% 115 J
ioV.is
119
I
109%
I
I
i
'
102
t
Iioo
99
113% 114>a
I
115%'
114% 114%
107
I
ioi%io2i«
106 1«
'
I
f
I
"'""1
i'JJ^J
'
i
,
I
Atd accrued IntereaU
'll7>«
I
117%
1
I
!
I
MAN
'.'.'.'.'.'.
ia'tt"
1
.
1 Umiated.
70
9%
275
46
46
46
20
19%
90
174%
18%
38%
27% 29
74% 70
88% 89%
95%
186
50
Ask.
*2:>%
Illllhest.
I
"
P»eferred
Wotc'st.NaslvARooh.
MIsiKIXAMBOtrS.
Allonez Minim(Boilon). 25
••
Atlantic Mining
26
City Passenger RK... [Ball.). 25
nii.-.-
...
9%
Water Power
,
Burou
40% 41%
222
1838
2.
,{Bo$ton). 50[
State (ias
42%
60
'26
18»8
70
26
'
Tliom.Europ.E.WcldTI [BofUm) 100
Pennsylvania & N.W. {Philu.) .50
Balelgh & Gustou
(Ba/MlOO
Butland
(Boston). 1<»0
Preferred
100
Seaboard &. Roanoke. IBalt.) 100
Ist preferred
••
100
Bay
71
28% 29%
75% 76%
Lowest.
24% Mar. 10 47%Hept,21
800
4% June 30 6% Aiii<. 31
193
22%
38% 39% 37% 39% 36% 39%
105 105% lot 105% 103 104
107
70
19i«
5014
2618
.
WUiuiugt'n&Weldon
Wiwonsiu Central...
'47
40SB
60
18%
75
20
24% 25%
*47
48
47%
51% 50% 51
89% 90<4
96% 97
91I4
45% 45%
5%
23
76
20
61
25
25
9%
185
49% "49%
50 68
60 65
50 62
"
Cliarl. Col. & Augusta
100
.„„
Jonuectlout & Pass. (Boston). 100
"
Connecticut River...
100 1219
Delaware A: Hound Br.(PAiia.).100 150
Har.Ports..Mt.Joy&L.
"
50 t 80
Kan. C'y Ft. S.& Mem. (Boston). 100
"
K.C'yFt. S. &(lnlfpf.
100
K. City Mem. & Blrm.
"
100
I-iftle Scliuylkill
(P/iita.). 60
BfaiK li. -i,i- & Law.. («os/om).100
Waiylan.l Central
(Halt.) 50
Mine liilUt S. IJaven (J'/iito.). 50
KesqnehoiiingVal
"
60 63
»ortUeni N. fit
(Boston). 100
KortU Peimsylvnnla. tPhlta.). ,30 81
Oregon bliort Uno...fBo»/«H;.100 25
Parkersliiirg
(Jlall.) 50
western Maryland..
Wilm. Col.i Aiiu'iwta
9%
038
901a
•26
•80
48
7%
•23% 24
77
6^9
100
183
113
203
170
27% 29
74
70%
167% 167% 167% 167% 107% 167% 108% 107 «
54% 54% 54% 64% 84% 54% 54% 54%
•33
34
...
33% 33%
S5
20 20,
I'jiilg 20%
19% 20% I9I16 203,
41
222
431s
9%
7%
70
7
26
28 '8 29 »4
75'e 76'i
647e
20i,«
"
"
Preferred
70
30I4
167
(Ball.)
West Jersey
West Jer-sey & Atlan.
39-'8
63
46
Bid.
Atlanta it Charlotte (/?«».). 100
Boston & Provl<leu(e (7/')s/oh).100
Camdemt Atautlo pf. (Pliita.) 50
•
Catawlssa
60
West End
25
•82
60
•0
•23
120,445
30 34% Jan.
08% 16.255 75% Mar.
72% 74% 23,730 61 Jan.
72% 74%
74%
•47
61
50
121 127
124 124
124% 124% 124
2J»9 23%
22% 221^ 22
22% 22
105
54%
50
25% 25%
47% 4S
eo^ 81
231s
401s
29%
76%
73'e
185
135
48=8 49
49
*48% 4S% 43
I9I3 19%
1!*%
19^
18%
18
275
270 273
270 275
270
Inactive Stocks,
1st piiferred
f 2d ineirrrcd
ventral Ohio
'
26
48
61
•47
741S,
Sbnres.
fl'e
'100% 101% 101
6% 6%
23% 24
261s
26
9G
185
18<:
"
"
Calumet & Hecla
"
Canton Co
60
fBall.J.100
'•
Con8oll<latDdQa8
100 40
Erie Telephone f Boston) .100
46
Lanison .Store Ser. "
50
linhi'hCoiiUt.Vav 'FhU.j
50 49°8
K.K.ni;. Telephone f/S')Wn;l0O •
North American. (Phil.). 100
18^9
Thomson-H'n El. .fBosfn; 23 5014
"
Preferred
25 *26
"
West End Land..
13%
* Bid and asked t>nep8; un sale
Priees of Oct.
•48
714
25
77
25
91s
914
100 '183
49
23
23 '19
25 •273
'•
73%
49 13 491s
nilac<>l1ane»a« Stock*
Am.Suc'rKofln.HrBoston;..
Prefernii
"
5'«
5'e
131
73%
74>fl
•
7
41
11
44
Oct.
41% 44
Rnnira Of sales In 1801,
WMik,
Krlday
101
100
'130
131
131
117" 118 'U7
•114
117
117
117
20 L
201% 201% 21)1% 201% 201
202%
177" 175%
I75»s nsis 175
176
176%
179
178 17H
!77% 178
iVa"" 175
174
19" 19
13% 18% •1M% 19
•18% 10
18%
30
39
37% 38
•;i7% 80
87% 37% •37
99 100 1» 98% 911^ 9SI4 09% 96% 09% 95%
"
"
"
"
102
'
Bales
of the
Tbiirmtny,
Oct. 1.
43% 44%
5% 6
44%
'101
131
118
201
i:<i
,
Ohio. Mil.
4e^
4S>8
Fo (DottonJ.^O0
•'
100
* Pno.
Baltliiion- ,v Ohio ^''a'U.lOO
'•
1st intfirrcil
100
"
2.1 pr.fi-m'tl
100
Boston V All)anV( Boston;. 100
EosliiM A I.DWI'U
"
100
"
Boslmi A Maine
100
"
Central of Mass.
100
"
J'ri'riTn,!
100
"
Clilf.lJiir.Aquln.
100
At«h. T.
Atlantic
Tuosdar,
44i«
Satiirdar,
ISopt. 20.
1
Last price %U» week.
io2% ioa"
Ki
107
:
63
108
112% 112%
98«*
105
I
106
THE CHRONICLE.
468
VBW TORK STOCK EXCHANaE P RICES
\Otoa'ng
Baii,boad
nange
{ContlnaBi).- AGTIVE
m
(sales)
aO.VPS OOr.
AND SINCE
'2,
Baileoad and Miscel. Bonds. 'Inter'sl]
Oios'ng
Price
JAy.
1891.
1,
Range (saUs) in 1891
.
I
Lowest.
\Period.\ Oct. 2
HighesL
Lowest.
;
W9l.
[Voi.LUL
Highest,
|
I
82i2 Sept.
66% Sept.
16 Sept.
75 Jan.
69 July
Apr. 11213 June
lOS'e
10213 July 10714 Feb.
9519 Jan. 100 Feb.
115 Jan. 118 Mar.
Mar.
75
38% Mar.
AU.
& Pac-W.D.
inc.,
SZeral
14
68-1910 •..^...
Brookl'n Elevat'(ll8t,6.g.l924
| O 110
A.
9 '8 July
D,
109yb.
&
LWagV, 5 ?:-1987:JQ-MJ 1108
Leli.&\V.B..Con.,7s,a8'd.l900
do. iiiorteage,5s.
J^lf ^*
Ce^^afpfeiLToil^s::
*
'i^.yi'i
i |
Jl
«-*^S'^-2Tcr.-4V.^:i9ii t
^.
May
120
107
Jan.
July
92 Aug.
10513 July
107% Aug.
llOis July
108
123
Mar.
Ill's
May
113
Jan.
99
May
112% Mar.
117% Mar.
May 102 Sept.
65 13 July 7II2 Feb.
64 July 73 Feb.
IO213 Aug. 114 June
Ches. O. &8o.W.-6g.....l911
117i2JiUy 123 Jan.
Chic. Burl. & Q.—Coii..7»-1903
95% Aug. IO2I3 Apr.
Debenture, .19
}„iS p- & A a«u,i. 86 Sept. 95 Jan.
1922|F jt, ai S6%b,
Denver Divi«ion,48
88% Jan.
July
Nl 85>aa. 80
Nebraska Exten-sion, 49.1927 M & Dlld
10858 June llS^eApr.
J &
hie.
Chi & K. Ill.-l8t,s.f.,68.1907
11913 Apr. 121 Jan.
Conrofee" "'"";;".'.'.:".i934!A & Olua b. 95 Jan. 100 Apr.
3eneralcon801.-i8t,58..1937!M &N| 97^
Chicago&Erie-l6t.4-5g.l982M & N; 93^b. 81 Apr. 9314 Sept.
26 June 39 Sept.
Income, 58
lS§2i?'^P?^^2o^h
921a
Chic.Ga8L.&C.-l8t,5g.l937J & itlf »). S0I3 Aug. 12513 Apr.
Feb.
120 Jan.
J & J|124i9
Chic.Mi).&St,P.-Con.7B.190o ^
& J llOHib. IOSI3 Aug. 11214 Apr.
let. Southwest Div., 68.1909
& 113 b. 110 Jan. 114 Feb.
68.. -.1910
let,So.Mln. Div.,
10513b. 104 Jan. 107% May
&
Ist.Cb.&Pao W.Div .=J8.1921
&
98 a. 94 Aug. 98 Jan.
Chic. &Mo.Riv.Dlv., 59.1926
&.
101«ib. 100% July 104 JiUy
Wis. & Minn. Div., 5 g..l921
& 103 b, 100 Mar. 103 13 Apr.
1914
Terminal, 5 g
87 Fob.
&
S3 b, 81 »« July
Gen. M., 4g., series A... 1989
WUw.* North.— M.L., 6s. 1910 & D 109 b. 107i« Jan. 112 Feb.
107 Jan. 112 Apr.
& D 109
1913
l8t, con., 68
I3113 Aug. 13!) % Apr.
Chic. & N.W.—Consol., 78. .1915 Q-F 13412
1902 J & D 123 b. 121 June 127% Feb.
Coupon, gold, 78
1929 A & O 115 b. 111 July 115 Feb.
Sinking fund, 68
1929 A &0*|104iiib. 105 Jan. 109 Sept.
Sinking fund, 58
n'iOS b. 102 14 July 109 Feb
Sinking fund deben., 5s. 1933
102 July 105% Apr.
N 105
1909
25-year debentures
1926 F & A. 94 b. 93 Oct. 100 Jan.
48
Extension,
~
92 13 July IOOI3 Jan.
a.
Cliic. Peo. & St. I^uis— 5 g. : 928 M & S 98
Chic.R.I.&Pac— 6s,coup.l917 J A J 1201a llSisJuly 12714 Feb.
9514 Mar. 100 la Aug.
Extension HUd col., 58. ..1934 J & J 100
May
Chic. St.L.&Pitt. -Con., 5g. 193-2 A & o *100 b. 100 Feb. 103
Jan.
Chic. St. P. M. &0.—68....1930 J & D|117isb. 11314 June 119
aevelandcfeCanton— 5g..l917 J & J 89 a. 861a Apr. 911a May
Jan. 132 Fob.
C. C. C. & I.— Oonsol., 7 g.l914 J & D 125 h. 129
1934 J <fc J *115 b. 113 July 121 Mar.
General oonsol., 8 e
1900 F & A 100 a. 99 Aug. 106 Jan.
Col. Coal & Iron—6 g
A 69 lab. 62 Apr. 71i3 8ept.
1940 F
Col. Midland— Con., 4 g.
78I3 Aug.
86 Jan.
Col.H.Val.&Tol.— Con.,5g.l931 M & 8 831s
1904 J & D 89 a. 80 July 89 Sept.
General, 6g
N *115 b 114% Juno II9I3 Feb.
Denver & Klo G.— Ist, 7 g.l900
1936 J & J 7813b. 77 Aug. 83 Feb.
l8tcon80l.,4g
91 Jan.
Det. B. City* Alpena—6 g.l913 J & J 91
961a Feb.
35% Sept.
Det. Mac* M.— L'dgrant8.1911 A & O 33 b. 291s Jan.
1937 A & O 98 a. 95 Jan. 100 Is May
Dul. & Iron Range— 58
Dul. 80. 8h. & Atl.— 5 g. . 1937 J & J 96 b. 85 July
99 Feb.
9714a. 96
May 104 Jan.
E.Tenn.V &G.— Con., 5g.l956
102 July 10918 Apr.
Knoxville & Ohio, 6 g. 1925 J A J
8113 a. 81
Eliz. Lex. & Big San.— 6 g.l902
Got
95 Jan.
Ft. W. & Denv. City—6 g..l921 J A D 98 b. 93
Aug. 105 Jan.
96I3 Sept.
9413b. 91i3July
Gal.H.&San An.-W.Div.l8t,5 g.
Ill b. 110 Mar. 117 Jan.
Han. & St. Jos.— Cons., 68.1911
1952 A A O 93 a, 93% May
nilnois Central—4g
97 Mar.
115 b. 10913 July 116 Sept.
Int. & Gt. No.— l8t, 6 g....l919
Coupon, 6 g., trust reo..l909
72 b. 68 Mar. 76 Jan.
8OI3 Aug.
Iowa Central— 1st, 5 g
1938 J A D
87 May
Kentaeky Central—4 g
1987 J A J BO'S
78 July 8213 Jan.
Kings Co. El.— l8t,5 g....l925 J A J 97 a. 9713 Apr. lOOiaMay
Laclede Gas— 1st, 5 g
7713
1919 Q-F
711a June 821a Jan.
X^ke Erie & West.— 5 g. .1 937 J A J 1071s a. 105 Aug. 109'8 Jan.
L. Shore—Con. cp., Ist, 78.1900 J A J 119
11713 Sept. 122% Jan.
Con sol coup. 2d, 7s
1 903 J A I) 120isb. 118
June 124 Jan.
Long Isl'd- 1st, con., 5 g..l931 Q-J 117
110% Jan. 116 Sept.
General mortgage, 4 g..l938 J A D 90 a. 88 -June 9212 Jan.
Louis. & Nash.- Cons., 78.1898 A A O 110 b, 110 Sept. 11558 Mar.
N.O. & Mob. Ist, 6 g
1930 J A J *117 b.
3% Julv 118 Feb.
do.
2d,6g
1930
A J 108 b 105% Aug. 112 June
E. H. &N. 1st, 6g
1919
A D 112isb. 111 June 113i4Apr.
General, 6g
1930
A D 112%b. 112 July 117 May
Unified, 4 g
1940
A J 79isb. 7678 Aug. 85^8 Mar.
Lonis. N.A. iCh.— Ist, 68. 1910
A J 110%a. 101 Mar. 112 Sept.
Con80l.,« g
1916
A O 94 a. 84 Mar. 98 Apr.
Louis. 8t, L. ATexas—6g.l917
& A 8II4
65 Aug. 88 Jan.
Metro. Elevat«d— Ist, 6g.l908
A
81 b. 111=8 Jan. I1513 June
2d,68
18991m &
105isb. 103 Juno 108
,«
Apr.
Mich. Cent.— Ist, con., 78. .1902 M &
121 b. 118 June 1241a Apr.
Consol., 58
1902 M &
10813b. 107
Mar. 108 Feb.
Mil.I^keSh.&W.— I8t,6g.l921 M &
122 a. 117 Juno 127^ Apr
Ext«D. A Iinp.,5 g
1929,F &
100
97 Aug. 101^8 Jan.
H. K. AT.— l8i 4b, g
199olj &
7714
74% Jan. 79 Is Feb.
2d 48,g
1990F A _ 44
36 July 48 Sept.
Ko. Pacific— l8t, con., 6 g.l920'M A N 105 b. 103 May Ul Mar.
8d,78
1906
N lllisb. 105 July 116 Apr.
Pac. ofMo.— l8t, ex.,4g.l938iF A A 97
94 Juue 100 Jan.
2d extended .5s
^^
1938 J A J 102 lab. 99i3Jan. 103=8
.„
Mobile A Ohio— New, eg.. 1927 J A D 113isb. 112 Jan. II713 June
Apr.
G«neral mortgage, 48. ..1938
A 8' 65
62
70
Mh. Cli. ASt.L.- 1st, 78.1913 M A J|l24is b. 124 July 12712 Feb.
J
July
June
Con.,5 g
1928 A AO* lOSisb. 103 June 107% May
KOTB— h " indicates price bUl ;
price asked; the
,
M&
M&
.'
.
M&
. .
. .
.
MAN
MAS
MAN
MAS
MAN
MAS
.
,
.
MA
127i4Apr,
110 Jan.
'
N.Y.L.E.&W.-l8t,con.,7g.l920,M & 8*133 b.;i33
..1893 J A D 105 b.i03
Long Dock. 78
1935 A A O 117 b. 115
Consol., 6g
96
2doon801.,6g
1969JJ A D 104
N.Y. Ont. A W.— l9t, 6g..l914 M A S llli«a. 110
Jan.
137%
Feb.
June 107 13 Apr.
120
June 105
Mar. 115
Juno 98
Jail.
Sept.
Sept.
Feb.
& D; 9713 90
Sept.
N.Y.8n8.AW.— l8tref.,5g.l937iJ A J 100 b.] 94 Jan. lOlis Aug.
ImiaMay 116 Sept.
Mldlandof N.J.,6g....l910 A A O 113
Nort&W.— lOO-year, 5k.1»901J A J 87 b. 88 Juno IOOI3 Feb.
North.Pac— l8t,coun.,(ig.l9Jl J A J|115i4b. 113 Jiin. |1171q Apr.
May IHlHMar.
General, 2d, coup., 6 g.. 1933 A A 0,109 0. 109
General, 3d, coup., 6 g.. 1937 J A D 108 13a. IO6I3 July ni.3i4Feb.
76I3 July
198nlJ & D 82%
Oonsol. mort., 5 g
857s Jan.
84 14 Mar.
CUo. &N.P.— let, 5g. .1940 A A O^ 80
761a July
101 Sept. 109 Feb.
North. Pac. AMon.— 6g...l933IM A S lOlSs
North, Pac. Ter. Co.— 6 g..l933 J A J 105 b. 104 July 110
Mar.
Ohio&Mlss.- Cons.8.f.,78. 1898iJ A J!l09i4b. 108 >4 July 112 Feb.
1898 J A J 109 "4 107 July 112 May
Oonsol., 78
Ohio Southern— 1 8t, 6 g ... 1 92 J A D 108 b. 101 la July 110 Mar.
1921 M A Ni 5913a. 55 J an,
63 Feb.
General mort., 4 g
5319 Jan.
Omaha A St. Louis— 4 g ..1937 J A J 51 b, 50 Ju'
A D 99isb. 90 Jan. I0313 Feb.
Oregon Imp. Co.- Ist, O g.l910
A O 63
74 Feb.
1939
Consol., 5 g
58 Julv
A J 1106 b. I0514 Sept. 10 May
Ore.RANav Co.— Ist, 6 g. 1909
AD 86 b. 85 Aug, 100% Mar.
1925
Consol., 5 g
1 92
A J n04 b. 102 July 106 Jan.
Pa. Co. —413 g. coupon
J *106 b. 100 Jan. IO913 May
Peo. Dec. A Evansv.— 6 g. 1920
Evans ville Div., 6g....l920 MAS 100'4
95 Jin. 103 Feb.
7478 Apr.
.....1926 M A Ni 72 b. 66
2d mort., 5 g
Jan.
Peoria & East.- Cons., 48. 1910 A & O 80 a. 73 Juno 81% Sept.
1990 April. 28 a. 16 Juue 2913 Sept.
Income, 49
82 Feb.
Phila. A Bead.- Gen., 4 g.l958 J A J 8058
7413 Aug.
Oonsol. Ist,
941s
IO314 Mar.
A N 119 b.jllSisMay 123 Mar.
89 July
N.Y. Chic. &8t, L.— ig...l937 A A Ol 93i3
95=8 Sept.
'
N. Y. Elevated— -9
1906 J A J;112
109 July 115 Apr.
N.Y. Lack. &W.— l8t,69..193l!J A J 121 b. 125 July 132 Jan.
1923 F & A|*108 b.'loS Feb. 109% June
Construction, 53
|
IO8I3 Jan.
a!
.
M AN IO213 '100% May
& JI123 b. 12314 Aug.
M A 8,104 b.i04i48ept.
Central- Extend., 58.1893
ist, coupon, 79
1903;j
Deben., os.coup., 1884. .1904
N.Y. AHarlom—78,reg...l900(M
N. Y.
1939 J
5g
I
1).
!
1
,
.
69 14
1958 Feb.
49
1958 Feb.
37
1958 Feb.
PlttaburgA Western— 4 g. 1917 J A J 78%
J A J 108 lab.
Kloh ADanv.- Con.,6g..l915
77 lab.
1936 A
Consol., 5g
Bi0h.AW.P.rer.-Tru9t,6g.l897F A A 81
Con. 1st A col. trust, 5 g. 1914 M A 8 53%
Bio G. Westoru— l9t, 4 g..l939 J A J 76
B. W. AOgd.— Con., 59....1922 A & O 108 13
87 b.
St. Jo. A Gr. Island— 6 g..l925
8t.L. Alt.&T. H.— l8t,78.1891 J A J 110 b.
A 10414b.
1894 F A
2d pref., 78
l8t pref income, 5 g
2d pref. income, 5 g
3d pref income, 5 g
.
.
AO
MAN
AlrouMt.— Ist7s...l892 F A A
St. L.
2d,7K
1897 M
Texas, 7 g- .1897 J
AN
A
Cairo Ark. A
Gen. R'y Aiandgr.,5g..l931 A &
ASan Fr.— 6 g.,Cl.A.190U
1906 M A
6 g.. Class B
1906
6 g.. Class C
General mort., 6 g
1931 J A
A
St. L.So.West.- Ist, 4s,g..l989
1989 J A
2d,48,g., income
S.P.M.AM.— Dak. Ex., 6g.l910 M A
1933 J A
1st consol., 6g
reduced to 4i3g... J A
do
Montana Extension, 4 g. 1937 J A
San A,AAran.P.—l8t,6g. 1916 J A
A
..1926
l8t,6g
A
Seattle L.8.AE.—lst,gu. 6.1931
So.Car.— I8t, 6 g.,ex coup. 1920
D
O
.MAN
St.L.
MA
M
4713 Mar.
69%
32 Mar. 51
3958
2514 Mar.
7513 Jan.
81
118
10713 Sept.
78 Aug. 9113
83 Sept. loo's
51 Sept.
7314 Aug.
105 Jan.
82ie Mar.
108 June
101 Aug.
IOI14
100 la Aug.
107
1041a May
104iab. 10313 Julv
86I3
81
May
11014b. 109
Juue
N llOHb
N 11014b.
J 106
75
77%
114
MAN
C—
MAS
MAN
MA
MAN
MAN
MAN
MAN
MAN
Mar.
9313 Jan.
107
105
Jan.
Jan.
108% Apr.
10714
May
93% Jan.
II214 Apr.
1061a June 11313 Apr.
107
103
Income,69
1931
1909-10 J A
80. Pac., Ariz.— 6 g
Pacific, Cal.— 6 g
1905-12 A A
So.
1938 A A O 97i«b.
Ist, oonsol., gold. 5 g
1911 J A J 102 b.
80. Paoiao, N. M.— 6g
Tenn. C. I. A Ry.— Ten. D., 1st, Og A A O "86 b,
Birm.Div.. 6g
1917 J A J •So b.
2000 J A D 83
Tex. APac— 1st, 5g
Income, 5 g
2000 March. 3II3
2d,
1924
94 a.
Tol. A. A. A N. M.— 6 g
1921 J A J 104 b.
Tol. A. A. A Gr. Tr.— 6 g.
1935 J A J 104i8b.
Tol. A Ohio Cent.— 5 g
Tol. Peo. A West- 4g
1917 J A J 73iab.
Tol. St. L. A Kan.
6 g.. 1916 J A D 88
Pacific— 6 g
Onion
1899 J A J IIOI3
Sinking fund. 88
1893
105 b,
tru.it 413
CoUat.
191«
70 a,
Kansas Paciflc—lst, 6 g..l895 F A A lOSisb.
iBt,^ g
1896 J A D 107 b
Denver Div. —6 g
N 108
1899
lstoon80l.,6 g
1919
106
Oregon Short Line— 6 g..l922 F A A 101
Or.S.L.&Ut'hN.— C011.5 g.l919 A A O 71
U.P.Den.A Gulf con. 5 g.l939 J & D 72
1937
Union Elevated— 6 g
110
Virginia Mid.— Gen. m.,59, 1936
79
stamped guar.
do
79
Wabash— l8t,5 g
1939
101
1939. F A A 79
2d mortgage, 5 g
45 14
Debent. M.. series B
1939 J A
2361 J A
West Shore— Guar.. 4s
101 la
98 13
West. N. Y. A Pa.— l9t, 5 g. 1937
A
1927lA A
2d mort., 3g.,59C
33
West. Un. Tel.—Col. tr.,53.19381J
99 b
Wis. Cent. Co.— l9t, 5 g
1937 J
94%a.
Income, 5 g
1937'..
40 b
. . .
Jan.
Jan.
Jan.
Feb.
Feb.
110% Mar.
June
July
651a July
25 Aue.
114 May
J 113
111 July
J -98 b. 97 July
D 83
80 Ja<
J 61
611s Aug.
J 61
60 Aug.
A 98 b. 95 Aug.
105 b. 102 Aug.
» 2613a.
13 Jan.
J lOliab. 100 Sept.
O logsgb. 10913 Apr.
N 68
J 29%
N 117
Sept.
Sept.
Sept.
Feb,
98
Oct,
1
14
10
Apr.
Jan.
704
1
Sept.
32 13 Sept.
118
117
Jan.
Feb.
102 13 Feb.
871a
May
74
Feb.
7313 Feb.
103
107
29
Mar.
Feb.
Sept,
103% May
114
Mar.
101% Mar.
101
July 104 Apr.
82 Aug. 94 Jan.
84 Aug. 961s Jan.
83 Aug. 90 13 Apr.
27 Aug. 35 14 Jan.
92 Aug. 99 "s Feb.
103 July 108 Apr.
1021s July 1071s Jan.
77 Jan.
711s July
91 Jan.
79 July
110 Sept, 1141s Mar.
111%
Feb.
74 Apr.
Ill Jan.
107 July 10958 May
106 Sept. IIII4 Mar.
Aug. nils Apr.
105
93% Aug. 1061s Jan.
66 Aug. 80% Feb.
82 Jan.
64 Aug
106 Jan. Ill Apr.
73 July 891s Feb.
90 Feb.
83 Jan.
961s May 102 Feb.
80 Aug.
70 Feb.
5114 Sept,
27 Miy
9913 July 103 Jan.
96 Jan 101 Feb.
27 July SB's sept
98 Jan. 100% Apr.
97 Jan.
88 July
10.5
Sept,
69 Feb.
10458 Aug.
28
July
47
Sept.
•
Rtinge
NEW YORK STOCK EXCHANGE
SECUKITIES.
B.
Alabama Mid.— 1st, g.. Go
1928
Atlantic A Dan. .-Ist g., 68. .1917
Atl. A I'ac— yd W. D.,gu. 69,. 1907
Bait. AOhlo— lgi,6e,ParkB.1919
S». Ifold
1925
_ Pons, mort., gol 1. JSs
1988
"" Pn«! rtiaay ; theu are the
mnde up from actual
latest
saloi only.
•
PBICES-{Continned).-JiVACr7ra;
SECUEITIES.
RaiIro.-\d Bonds.
(Stock Kxchangt Prices.
*
is
A0.8.
W.,lst.
4I98.
Bid.
.
BONDS-OCTOBER
9.
SECURITIES.
Ask.
1990
Mon. Riv., 1st g., g. 5,
1919
iJeni'l Ohio Reor.—
Ist, 4143" 1930 100
* W.-Deb. 5s: 1913 9713 100
R?oiv?- '^S?Brooklyn Elevated— 2d, 3-53 1915
80 "94"
*"8- ^ich. A Pltt«.-Gen., hi. 1937
901s
Koch. A Pitts.-! St, 69
1921 116
.,<;?'is»Mat'dl8t,69! 1922 114
«„,i n
8nri Ced.Rap.&No.-lst,58.
1906 98I4 99
Lon9ol. A collat. trust. 58
1934 881s
quotaiiou- made this week
g.,
Lat9,?t price tiiUwcek.
Burl. Ced.
Bid.
Ask.
Rap.ANo.— (Contln'd)-
A St. L.— 1st, 7s, gu..l927 100
lowaC. A We.st.— lst,,7»....1909 100
97
I. F. A N., Ist, 6S.1920
Minn.
Ced. Rap.
I8t, 5s
1021
O.Ohio— ;ol. &Cln.M.l9t,4i39.1930
lent. RE. A Bank.- Col. g. 59. 1937
Chat. KomeA Col.— Gtd g.59.1937,
8av.A West.— lstcou.gtd.5«.1929
Jent. of N. J.— Cony, deb., 68.1908
80
79
95
85
75
,
OCTOBKR
8.
THE 'CHRONIOLE
l^Ol.l
ma
NEW YORK STOCK EXCHANGE PRlCEH.-mAOTTVB BONDS—fOontinutdJ-OCTOBBR
Bid.
flECURITIEe.
Ask.
106
1896 107
1807 108
IIMX) •101
1039
1900 •06>«
ISDO 104
Otnlral PiK-iflr— Gold bdn, e«. 1805
(liild Ii.iikIii, 11k
l).iiiil,<, flu
(lold
JoiiiMilii Dr.,
Miirt. tnlil S»
1*1111
I.11111I
urjiiil, An,
A«
1;
WKSt. ratlllc— HoikIk. Bh
Vo. Kiillway (Cal.) — 1st, Hm. 1!»07
ftt>. yrar
li):w
Tiir.
i
M.
tiiud.
CiM
109 Ml lllVl
1-<1)S
I'H)^
A
\V<>«t.— '2d, tiK.. iin I
1S!»3
115'*!
rli>a
f
...
104
id54
1903
Ulver— l8t, 79. 1000
1000
9t. L. Jarks.' AChio.— iiKvi". 1804
l»t, uimr. (S64), 7e
1804
Mias.U. Kridire— liit,8. f.,ns. 1912
Ohio. Burl. & Nor.— Deb. 68... 1896
120
116
iii
Ohtc.
ioi
108 >4 108^
f
Mtdii— l»t,7»
iiid, i\«
ici.
Hiii-lliiK.
A
0.-58,
Sk. •onvi'rtll)le
towa I>iv.— .<lnk.
8. t..
104
104
1034
1901
11103
101>«
fund, 59.. 1910
fuiid.U
1910 90
81
1021
95
iMiliannCoal— l.<it59. 1036
Ohl. Mil. .V st.P.-l8t,8«,P.D. 1808 117
ad, 7 3-10.1, p. D
1808
SIuWiii;
Plain. 1-
OhU-
.V
R.D
96
118%
11S>«
125
Ist, 79, «K.,
1002
l8t. Lacrosse Division, 78. 1893
l8t, I.
M.,7»
1807
Ist, I.
D., 78
1809
116
A
ll7J«
120
116
1003 123
let, I. A I). Extension, 78... 1008 123
l«t, LaC. ADav., 58
1919 101
l8t, H. A D., 78
1910 118>9
l8t, H. A D., 5a
1910 98i»
CMcairo A Paoltto DIv., 68.. 1910 113
Mineral Point DIv. 58
103
1910
O. A L. Sup. Div., 58
1921
Farifo A South., 68, Assu... 1924
Inc. conv. sink. fund,5».... 1916
Dakota A Gt. South.. 58
93
1910
Ohlc.AN. W.— .30 year deb. 58, 1021
Escanain A L. S. ist, «8 ... 1901 ide"
Dea M. A Minn.- lat, 78
1007
Iowa .Midland— 1.9t, 89
1900
Peninsula— Ist, conv., 7a... 1898 120
Chlo. A Milwaukee— l9t, 78. 1898 114
Whi. ASt. P.— 2d, 79
1907 *122>»
Mil. A Mad.— Ut, 69
1903 110
Ott. C. F. A St. P.— l8t, 59.. 1909 102
Northern 111.— l9t, 58
1910 102
O.P.I.AP.— l).M.AF.D..l8Us. 1905
76
I«t, 2i«s
65
1905 53
Extension, 49
1905
Keokuk A Dea M.— Ist, 59.. 1923 02^8
Ohio. St. P A Kan. City— 59.. 1936
Minn. A N. W.— l9t, g., 59.. 1934
Olilo.8t.P. A Minn.— 1st, 68... 1918 '120
St. Paul AS.
Ist, 68
1919 118»«
Cblc. A W. Ind.— l8t, 8. f., 69. 1010
Uoueral mortgaee, 68
1932 llli«
Oin Ham. A D.— Con. s. f., s. 1905 121»9
2d. Kold, 4>9S
1037
Oin. 1. St. L.A Chic.— l8t,i?.,48. 1036
88
Consol 08
1020
an. Jack. A Mac— Ist, (?., 5s! 1936
Clsv. Ak. A Col.-Eq. A 2d 68. 1930
92
aC.C. ASt. L., Cairo div.—49, 1939
8t.Lou.Div— l8t<)ol.ts't48,K. 1940
85
BpriUK.ACol.Div.— l9t,e.4e. 1940
02
WUileW. Val.Dlv.-l9t,|. 48. 1940
Cln.8an.ACl — Con. 1 9t,g.5s, 1928
a.Col. an. A Ind.-l9t,T8,8./. 1899 115
Con801. sink, fund, 79
1914
Oleve. A Mah. V.— Gold, .59... 1938 •103
Colorado Midland— Ist, (5., 69. 1936 105 110
Oolumbia A Green.- l9t, 69. 1916 "102
2d, 68
1926
Del. Lack. A W.— Convert. 78, 1892
Mortgage 78
1907
133
aTa. Bfug^A N. Y.-lst, 78. 1906 •123 1«
orris A Essex— 1st, 78
1914 •IBS'*
Bonds. 78
1900 •112
78 of 1S71
1001 •118
'.'.'..
Ist, con., guar., 7b
1015 134i«
Del. A Hud. Can.— 1st, ex. 78. 1801 102
Ooupou, 78
1894 107 lO?"*
Pa. DIv., coup., 7s
1017 •137
Albany A Susq.— l8t,gu.,78. 1006
IStf
Ist, cons., guar., 68
1006 116
Bens. A Bar.— Ist, coup., 78. 1021
Danver aty Cable-lst, 6s... 1008
102
Denv. A K. G.— Imp.,g., 59... 1928
80
S. Tenn. Va. A Ga.— l9t, 78... 1900
113
Divisional 58
1030 105
75"
1st ext., gold, 5s
] 1937
£q.AInip.,K.,58
1938
Mobile A Blrin.— 1st, g.,6e. 1037
Alabama Central— Ist 6»... 1018 116
rie— l«t, extended, 78
1807 115
2d, extended, 58,
" 1919 113
3d, extended, 4'as.
1923 105 If
4th, extended, 5s
1920 107>4
'.,'.
Stti, extended, 4s
1928 101
1st, CODS., fd. coup., 7s. ... 1920
129
Beorg., Ist Hen, Us
1908 id7>«
B.N. Y. A E.— 1st, 78
1916 130
N. Y, L. E. A W.-Col. tr.,68 1022
Funded coup., 5s
1069 •so'
8S
Inroiiu', fis
1977
Hull. .V -. W.-Mortgi'ds!.'.'.' 1008
jLtl'er...iii— 18«, gu. g. 58
1009 •102>«
Coal A KK.— 68......
1922
evan.i. A I'.U.— I8t,oon8.,68.. 1021 lie"
Mt. Ntirnoii lst6s
1023 log
Sul. Co. Ilrauch— l8t, g., 5«' 1930
EvauB. A Indian.— l»t, cons.. 1026
lOS
Flint A i'. Man|.— Mort., 6s
1920 117
Ist con. (told, OS
1039
Port Huron — 1st, .'is
.." 1939
07
08
Fla. Ceu. Jc Pim.— Istg. 5s!'" 1018
96
98
Kl Worth A R. G.— 1st g., 58.. 1928
78
4
l8t,C.
A
M., 78
'
C—
,
.
'.'.
—
'
No
Pid.
OB
C—
C—
. .
331a
104>a
09 >s 100
97
106
91
113
•110
114
Oreg. Rr A N»t.— Col. tr. g. .na. Hi 1 11
Penn.BR.'P.C.A8.L.-lat,c.,7s.llMKi
Pitta. Pt. W.
lst,7B...l»12 130
2d, 7s
1912
8d, 7s
1012
Clev. A P.— Cona., 8. fd., 78.10')«
4tb,slnk.fuiid
6s. 1 8i)'J
St. L.V. AT. U.— 1st, 6s., 7s. 18117
ISOH
2d, 78
189H
2d, guar., 7s
Peo.AE.-Ind.B.AW.-lst,pf.7B.19<H)
Ohio fnd.AW.— lstpref.58..1038
Peoria A I'vk. Union— 1st, 68.1921
1021
'2d mortg., 4's8
Phila. A Road.— 3d prof, convert
PltU.(^CA8t.L.— Con.g.maAIOlO
Pitts. Cleve. A Tol.— lat, «a...l922
Pitta. A \j. Er.— 2d g. %», "A". 192m
Pitts. Mc. K. A Y.-lst 69
1032
Pitta.
101
<«
um
110
60
90
100
A F.— Ist, 59...1916
A Ariz. Cent. 1st, 6a,g. 1910
1016
Rich. A Danv.— Debenture 68. 1027
Equip. M. 9. f.,g.. 5s
1009
Atl. A Char.— l9t, pref., 78. .1897
Income, 68
1900
do.
RloGr. .Tunct.,lst,guar.,g.,58.1938
Rome Wat. A Og.— lat M., 78.1891
1926
St. Jos. AGr. In.— 2d Ino
Kan. C. A Omaha— let, 58.. 1927
St. L. A. A T.U-2d m.lnc.78.l894
1894
Dividend bonds
101%
110%
06
2d Inoome, 68
92
108
70
Kanawha A Mich.— Mort. 4s. 1990 71
Kan. C.Wyan. A N. W.— Ist, 68. 1938
L. Sh. A M. So.— C. P.AA.—78.1802 100
Buff. A Er.— New bonds, 7s. 1898 111
120>al31i«
Palnsv.
Prnso't
109
•100
•
35
104
Bid.
ObloRlv.-lCon.l—Oen. g.,Bs.l937
AC—
103
110
89 >s
106
8BCURITIK8.
Ask,
100
100
77
78
. .
96>«
.*>•*
C
BEOtlRITIES.
Har. ASan Ant.— Ist, 6a. 1910
Oal. H. 48. A.— 'id luort., 7S..1905
West. Wv., 2drts
1931
Gu. Ho. A Fla.— 1st, K. 69
1927
Grand Rap. A lnit.-(l«n. 6a. .19*24
Green B. W. AHI. I'.-Ut 68 .1011
2d Inoome, all subs. paid..
H(Ui8atonlo—Oons. gnhl St. . 1 Ob 7
N. Haven ADerby, Cons.S8..1918
H0U8. A T.
Waco A N. 7s.. 1908
Istg., 59 (Int. Ktdi
1937
Cons. g. 69 (Int. ittd)
1912
Oen. g. 4s.(lnt. gtil)
1021
Debont. Os, prin. A Int. gtd.1807
I>ebent. 49, prin. A int. gtd.1897
Illinois Central- Ist, g., 4s ...1951
l8t, gold, 3149
1051
Sprlngf. DIv.— Coup., 6s.. ..1808
^^lddle DIv.— Reg., Ss
1921
C. St. L. A N. O.-Tcn. 1., 78.1897
Ist, oonsol., 7s
1897
2d, 68
1907
Gold. 6s, couiHm
1981
Memp DIv., lat g. 4s
.1951
Dub. A 8.
2d Div., 78 .1894
Ced. Falls A Mlnii.-lst,7e..l907
Ind. D. ABpr.- I9t78, «x. op.1006
Ind. Deo. A Wpst.-.M. .59
1047
2d M.. Inc. .5s, trnst reo
1948
Inter. A Gt. Nor.— Coup. 6s... 1900
'lal.
9.
75
00
•7
•HiO
100
105
63%
,
I01«g
69
lOO
55
112>9
Bellev. A Ho. 111.— 1st, 88.,.i896 110
Det.M. AT.-l9t, 79
1923
1900 123
Bellov. A Car.— 1 st, «s
113
Lake Shore— Div. bond9, 78. 1899 112><i 115
Chl.St.L.APad.— l8t,gd.g.58l917 100 103
Mataon'g Coal RR.-l9t, 68.1934 105 110
80
St. Louis 80.— l9t, gd. g. 49.1931
Kal. All. A G. K.— 1 at gu. 58.1038
do
2d Income, 59. 1931
60
1032
I.ehlghV.,N.Y.— l.st gu.K.4>ss.l040
id6'>a
Car. AShawt.- l8t g. 4s
78
1 .Itchf Car. A We9t.-l9t 6s. g. 1016
98
St. Low A H.Fran.— Equip., 79,1895 100
1931
I<ongl8land— Ist, 7s
1808 117 119
General OS
03
101
1987
N.Y. A B'wayB.-l8t.g. 68.1027
l»t, truat, gold, 5s
85
33
35
2dmortg., inc
1027
Kan. City A 8.— Ist, 68, g...l916
1910
SmithtownAPt.Jeir.— lst,78 1001 104
Ft. 8. A V. B. Bg.— lat, 69.
89
84
Louis.Evana.ASt. L.—Con.5s.l939
105
St. Paul A Duluth— l9t,59....193]
1917 100
2(1 mortgage 68
Louis. ANash.- Cecil. Br, 7s. 1907 102
idf St. Paul .Minu A M.— let, 7s.. 1909
Penaacola Division, 69
1920
1909 114
2d mort., 69
St. Louis Division, 1st, 6s.. .1921 il6i«
1980 61
Minneap. Union— lat, 6s.... 1922 *109>«
2d, 38
Mont. Con.— 1st, guar., 69.. 1937
Nastav. A Deoatnr— lat,78..1900 1X2
113>s
115
1910 98
8. f.,68.-«. A N. Ala
East. MInu., lat div. Ist 59.1908
1924 101
10-10, gold, 6s
San Fran. A N. P.— Ist, g., Ss.lOlO
03
Shenan.Val.— lat 79, g. tr.reo.l909
SOyear 5a, g
1937 102% i'di
Gen. 6s, g., tr. reo. a8«t'd...l021
Pens. A At.- 1st, 68, gold.. .1921 101
1931
1931 100
South Caroliua-2d, 68
CoUat. trust, 58, g
83
96
So. Pac. Coast— Ist, guar., 48. 1937
Nash. Flor. A 8. Istgu. 58.,1937
82
Lou.N.Alb.ACh.— Gen.m.g.5s.l940 80
Texas Central— Ist, 8. f., 78... 1909
1911
85
Lou. N. O. A Tex.— Ist, Is.. ..1934
1st mortgage, 78....
1034
Texas ANcw Orleans— l8t,79. 1905
2d mort., 5s
1912 •101
Sabine Division, 1st, 68
Louis. St. L. A Tex.— 2d g, 6*. 1017
1090
Tex. A Pac., E. DIv.— Ist, 6t.l905 100
Manhattan Ry.—Cons. 4s
Memphis A Charl.—Os, gold.. 1924 97 103 Third Avenue (N.Y).— I8t58, 1937 110^ iim
1917
IHlS 115
83
Tol. A. A. A Cad.— 6s
Ist con. Tcun lien, 78
1919
100
Tol. A. A. AMt. PI.—68
Mexican National— 1st, g., 68.1027
1940
46
1017 44
si"
Tol. A. A. AN. M.— 5s, g
income, Os, "A"
2d,
1896 107 >4
1017
11
15
Union Pacitic— Ist, 68
2d, income, 6s, "B"
1897 103 ><
Ist, 68
1009 113>4
Central—6»
Michigan
1898 100 la
1931 111
Ist, 68
Coupon, 59
1908
Collateral Trust, 6a
1940
95
Mortgage 49
1 907
Collateral Trust, 5s
Mil. L. S.cSw.— !;onv. deb., 58. 1907 • OSJ^
1895
116
1924
l9t, 69
C. Br. U. P.— F. 0., 78
Mich. Div..
77
Atch. Col. A Pac.— 1st, 68.. .1905
Ashland Division— Ist, 6s ..1925 114
101
105 >«
Atcb. J. Co. A W.— l9t, 6s. 1905
77
Incomes
6919
1927 108
U. P. Lin. A Col.— I St, g. 5s. 19 1
Mlnn.A St. L.— Ist, g. 78
Oreg.S.L.AU.N.,col.tr8t. ,58.1919
1st, 7s
1909 104 106 la
764
Iowa Extension,
1908 105
Utah A North.— let, 79
1891
57«a
2d mort g., 79..;
1926
Gold, 58
Ext.— ist, 7s
1910 06 1L5
Southwest
95 100
Utah Southern— Gen., 78 ..1909 96
1921
Pacific Ext.— 1st, 68
1909 95
Exten., l8t, 79
1922 87
60
Impr. A equipment, 69
Con. 69.1921
Valley R'y Co. of
Minn. A Pac— Ist mortg., 58.1936
Atl.— ist. 68.1926
Wabash— Deb. M. series " A" 1939
Minn.S.Ste. M. A
1895 •106 1«
No. Missouri— l9t, 79
Minn.8t.P.A8.S.M-l8to.g.4s.l938
110
71
8t. L.K. CAN .—K.E.ARB. 78.1805
Mo.K.AT.— K.C.AP., I8t,4s,g.l990 70
8t.Charle9 Br'ge- l8t,6s. 1908 ids"
Dal. A Waco— Ist.Ss, ga....l040
Tru8t 58... 1017
A Pitts.— Ist, 6a. 1911
West. Va.
90
Missouri I'acitlc—
1020 75
Wheel.AL.E.— Ist. Ss, gold. ..1026 "I05>«
79
1st coil 5s, g
1030
Exton.ilon A Imp, g., 5s.
S3
St.L.AI. M.-Ark.Br., 1st, 78.1805 106
.tliaeellaueuiia Honda
Mobile AOhIo— letext., 6S...1027 109
08it
guar
1931
Amer. Cot. Oil DcU., g., 88...100O
80
St. L. A Cairo—48,
106
Amer. Water Works— 1st Os..l0O7
Morgan's La. A T.— Ist, 6s.... 1920 106
1007
.......1918 1141a
cons. 58, g
07 >•
Ist
l8t,79
Nash. Chat. A 8t. L.-2d, 68.. 1901 •108 108 >a Cahaba Coal Mm.— Istg. 7s. .1907 108 iia
Chlc.Juu.AS.Yds.— Col.t.g,5e,1916
New Orleans A Gulf— Ist, 6a .1926
1910
Colorado Fuel—Oen. 6s
N. O. A. No. E.— Pr. 1.. g., 6s.. 1015
1005 97>«
98
Col. A Uo«k. Coal AL—6s.g..l0l7
N. Y. Cent.— Deb. g. 4s
Consol'u Coal— Convert. 6s... 1807
105
N. J. June—<Juar. 1st, 4s. ..1086 100
Oa3Co.,Chtc.-lat gu.5a.l036
gold, 4s. .1036
73
76
Cons
96
Seech Creek— lat,
Denv.CWat.Wka.—Uon.g. 58.1910
N. Y. N. H. A H.— l.st, reg. 4s.l0O3 ids
iDet.Un.DepotAdtu— l9tg. 49.1938
N. Y. A Northern— lat. g., 6s. 1027 104
1027
Edison Eluc. 111. Co.— lat, 5s. 1010
S0>f 53
93>a
2d, 48
1906 034 »4>t
77
82^ Equitable G. A F.— Ist 68
N. Y. Susq. A West— 2d, 4>9e.l937
.......1940
Hendcraon Bridge— Ist g. 6s. 1931 1U4
82
84
Gen. mort., 5s, g
Hoboken Land A Imp.—g. Ss 19i0 100 1084
North'n Paciilc—Ulvldd scrip ext, 100
105
Mutmil Union Telegli—6s, g.1911
James River Val.— Ist. «s. 1036 100
07
lat, »s
1936 103 104
Nation'! Starch Mfg.— 1st. «a,l»20
Spokane A Pal.—
N.Y. A Perry 0*1.— Ist, g. 68,1920
St.Paul A N. P.— 0«u., 68.. 1923
Northwestern Telegr.:i>li— 7., 1»04 losia
95 100
HolenaARed>rn-l3t.g.,6a.l937
People's Ooa A Coke ( lat g. 6a, 1004
DulutUAManltoba— Ut,g.6al936 106 106
Co., Chicago
J 2d g. 68,1904
DuLAMan Dak.Dlv.-l9Wp.JOT7 105
1019 100
102
Peoria Water Co.—6a. g.
Cffiur d'Aleue— lat, 6s, gold.1916
Valley Coal— lat g. 68. 1020
08 >a I'dsJ*
09....
106
Pleaa.
Gen. Ist, g.,
v.-}Si§
ProotorA Gamble— lat, g., 6a. 1940
Oent.Wa8Ulngtou-l8t,g.,e«^e8
Union 1VI.-7!.... I878-19UU
117
6S.Ittl 131
West.
Norfolk A West-General,
linllaled Honda.
10S3 113>g
New River, iBt, 6a
AV1oka.-Cou9fl#.5K., 1 92 1. A AO
1934 108
90
06
Ala.
Imp. A Ext., 6s
70
1924
80
•Mi M.. Income till 'ill. 192 1.. AAO
Adjustment M.,78
96 100
1908
Vloka. A .4erld.,l9t Os, 1U21.AAU
Equipment, 58
130
1997 92
Atlanta A Charl.— Ist 7b,1907.JAJ 118
96
Cllnob Val. IstSe
31
S3
78 lOomatockTun.— Ino.4a, i910.MA.<l
SclPto Val. A N. E.-l9t,4s,.1990
Oeorgla Pac— 1st 6a. 1033.. ..JAJl 094 100%
Ogd. A Lake Ch.— 1st con. «».. 1920 103 105
AAU 564 »8>a
7a... 1911 113
Conaol. 5g., 1033
Ohio A Mlsa— 2d oonsol.
190R
Income 5s
il3>a
Spring.Div.— Ist7.s
1983
UttleB.AMem.- lat5«,19i*7.MAS 7341
General 6a.
1BS6
Mem. ACharL - Oooa.7 g. 19 15. J AJ 110 1114
08
OhloBtverBB.—lst,&a.
.
price Friilay; these are tbe lataat quotations
.
.
.*
.
. .
,
C—
.
,
. .
C
—
'.
,
.
.
,
mada
tbts weak.
THE CHRONICLE.
470
[Vol. LIII.
Latest Earnings Reported.
%nmstmznt
Roads.
WeekorMo
1891.
1890.
Jan. 1
to
Latest Date,
1891.
1890.
AMD
Gr.Eap.&Ind.. 3d wk .«ept
Cin.R.& Ft. W 3d wk Sept
Other lines. .. 3d wk Sept
Total
I%« Investors' Supplement, a pamphlet of 150 pages
contains extended tables of the Stocks and Bonds of Bailroads, and other Companies, with remarks and statistics concerning the income, financial status, etc., of each Company.
It is published on the last Saturday of every other month
vix., January, March, May, July, September and November,
>
—
and
is
furnished without extra charge to all regular subChronicle, Extra copies are sold to siibChronicle at 50 cents each, and to others at
scribers of the
teribers of the
$i per copy.
The General Quotations of Stocks and Bonds, occupying
alx pages of the Chronicle, are published on the tliird
stnrday of
each month.
RAILROAD EARNINGS.
all lines,
3d
wk Sept
GrandTruuk. .. WkSept.26
Chic &Gr.Tr. WkSept. 19
DetGr.H <fc M. WkSept.19
Great North'n St. P. M. & M. August. .
East, of Minn- August. -Montana Cent. August...
Tot system. August...
Gulf & Chicago. August- .
52,787
9,300
4,764
66,852
429,511
68,666
26,696
53,182
1,732,912 1,914,640
9.368
317,822
339,815
4,165
164,403
157,255
66,716 2,215,138 2,411,712
449,447 14,087,124 14,773,162
73,115 2,635,874 2,692,524
25,277
843,319
791,670
794,977
720,862 5,929,379 5,357,090
82,901
67,426
570.743
381,370
108,696 101,052
834,566
690,469
986,575 889,339 7,334.685 6,428,926
2,899
3,249
23,618
27,133
Housatoiiic
144,541
uly
147,691
846,055
862,698
Humest'n&Shen August...
16,000
19,409
104,904
101,799
Hutch.&South'u July
7,004
40,904
Illinois Centr'l.. August. 1,582,297 1,423,827 11,568,603 10,300,293
Ind.Dec.&Quin. August. .50,315
45,140
309,156
293.636
In.&Gt.North'n August
308,162 334,390 2,292.228 2,359,179
Iowa Central.. 3d wk Sept
46,715
4c, 639 1, 199.90'
1,146.110
Iron Railway.. August
2,27 2
2,630
22,953
21,675
Jack'v.South't'u 3d wk Sept
24.314
16,316
801,161
488,931
Pk'nv.T.&K.W August
34,321
31,187
523.643
415,618
Kanawha&Mich 3d wk Sept
7,068
7,389
228,642
233,925
Kan. C. CI. & Sp 3d wk Seift
5,848
8,974
218,569
299,588
K.C.F.S.&Mem 3dwkSe(it
95,187
91,243 3,233,403 3.402,693
K.C.Mem. & Blr. 3d wk Sept
21,095
22,803
794,101
830,870
Keokuk & West. 3d wk Sept
9,001
8,045
279,419
251.972
Kingst'n & Pern. June
12,936
16,231
64,448
79,836
L. Erie All. & 80 August
6.821
6,975
47,198
44,056
L. Erie & West. 3d wk Sept
67,567
60,829 2,271,731 2,168,210
L. Shore & M.S. .luly
1,840,850 1,701,812 11,390,897 11,625,662
Lehigh & Hud.. Auga.st
36,372
36.097
274,415
237,109
L.Rock &Mem. 3d WkSept
14,48
13,391
452,312
376,402
Long Island
4th wk Sep.
87,008
83,023 3,220,683 3,017.639
Louis.&Mo.KiT. July
42,053
31.352
233,040
228,197
Louis.Ev.&St.L. 3d wk Sept
32,640
31,195 1,094,893
893,658
Louisv.&Nashy. 3d w,> Sept 417,650 386,430 14,098,714 13,448.948
Louis.N.A&CU. 3d WkSept
64.735
59,602 2,016,925 1,848,979
Looisv.N.O. ifcT. 3d wk Sept
67,660
60,835 2,350,667 1,881,934
Lou.St.L.&Tei. 3d wk Sept
9,099
8,606
321,766
280,245
Lynchb.&Dur'm August
14,854
10.117
115,422
59,421
Memphis .feChas July
123,036 141,615
636,352 1.006,890
(Mexican Cent... 3d wk Sept 135,543 101,696 5.022.750 4,465,879
(Mex. National 3d wk Bept
74,959
69,974 2,987,199 2.640,451
(Mexican K'way Wk Aug.22
67,50J
83,981 2,705,280 2,626,026
Mloh.C.&Can.So July
1,193,764 8,220.360 8,036,764
1,261,360
Mil.L.Sh.&West 4th wk Sep. 101,076 126,231 2,642,607 2,887.589
Milwaukee ANo 3d wk Sept
40,534
39,162 1,196.176 1,127,363
Mineral Range.. August.
13,666
12,865
91,003
79,446
Minneap. &8t.L. August
145,948
122.997 1.042,865
897,888
M.St.P. A8.S.M. August
235,959 163,599 1,384,548 1,284,329
Mo. Kan. & Tex. 3d wk Sept 221,595 194,153 5,947,344 5,696,997
Kan. C. cfe Pao. 3d wk Sept
9,840
7,072
257,686
222,132
Total Syst'm 3d wk Sept 231,435
201,225 6,205,031 5,919,131
Mobile vSiBirm.. 4th wkAug
5,873
6,991
160,659
151,623
MobUe&Ohlo.. August
233,648 291,943 2,210,495 2,144.406
MoutereyAM.G August
70,608
31,186
576,529
224.815
Nash.Ch.&StL.ft August
493,357 355,668 2,892,116 2,406,471
N.Jersey &N.Y. July
27,H07
26,102
158,336
144.747
NewOrl. AGult August
12,298
9,748
109,403
92,655
N. Y. C.& H.K.f/ August
4.046,502 3.229,577 27,870„370 26.188.843
N. Y. L. E. & VV August
2,946,208 2,798,618 19,550.584 19,027,119
N. Y. Pa. & Ohm Jiil.y
690,264 616,049 3,833,092 4,074,303
N. Y.&N.Eng.. August
572,104 570.730 4,036.140 3,897,931
N. Y. &Nonh'u. August
43,559
49,805
3.i 1,879
354.474
N. Y.Ont. A W.. 3d wk Sept
52,202 2,160,428 1,710..<!05
63,575
N.Y. Susq.&W.. <ugust
149,743 147,812 1,060,426 1,007,972
Norfolk* West.. 3d wk Sept 183,817 185,119 6,442,747 6,079,122
N'theast'n(8. C.i JtUy
41,527
39,337
464,484
426,249
North'u Central. August
612,108 553,698 4,353,905 4.390,532
Northern Pacittc 3d wk Sept 653,333 598,775 10,469,072 15,771,446
No.Pac.&W.C. 3d wk Sept 755,829 713,976 2'.S072,901 19.447,453
Ohio & Miss
3d wk Sept 106,321 104,790 3,030,288 3,005,000
OhloKlver
3d wk Sept
17,912
18,425
493,787
486,683
Ohio Southern.. 3d wk Sept
14,922
15,555
Ohio Val. of Ky. 3wksjuly.
116,201
16,188
13,976
155,423
Omaha & St. L.. July
351,355
42,781
44,267
260,091
Oregon Imp. Co. July
369,810 457,373 2,236,152 2,505,296
Peunsylvuuia .. .\ugust
6,212,375 5,930,855 43,367,568 43,263,832
Peoria Dec. &Ey. 3d wk Sept
644,027
570,939
16,441
15,576
Petersburg
July
329,137
40,607
45,207
321,565
Phila. & Erie... July
499,551 454,867 2,788,938 2,891,023
Phila. & Read'g August
13,815,453 13,327,215
1,963,775 1,824,705
Coal & Iron Co. August... 1,947,729 1,747,847 12,264,012 11,336,691
TotalbothCos. August . 3,911,504 3,672,552 26,109,407 24,663.906
Pitts. Mar. Al Ch. Augu.«t...
24,273
3,800
3,182
28,8871
Pitt.Shen.&L.E. August...
37.691
171,715
23,278
206,805
PlttsU. cSe West'u July
832,128
140,680 123,989
819,137
Pitts.Cley.&T. July
273,725
46,836
256,9461
39,715
Pitta.Paiu.&F. JiUy
158,283
24,612
168.516
32,991
Total system 3d wk Sept
52,223
44,581 1,618,495 1,589,174
Pitt.Youug.iKA. August
941,358
174,889 132,326
781,119
185,422
Pt. Royal & Aug. July
222,615
27,171
19,634
Pt.Roy.&W.Uiu-. July
23,910
219,956
25,203
236,193
Pres.&Ariz.Cen. August
83.117
12,796
9,242
87,813
QuincyO.&K.C August
157.524
22,069
162,416
22,381
Rich.&Dauville. August
464,800 473,450 3,866,700 3.627,150
vir. Midland.. August
202,500 205,700 1,474,950 1,432,.500
Char.Col.tfcAu. August
73,500
590,390
76,300
631,150
Col. & Greeny. August
5 31, OSS
60,700
64,800
533.270
West. No. Car. August
85,4ti0
620,514
87,650
669,100
Georgia Pac
August
166,300 164.000 1,239.870 1,209,175
Wash.O.A W.. August
94.298
19,370
20,100
99,120
Ashy. itSpart. August
93,727
15,525
15,400
101,403
Total Sys'm. 3d WK Sept 299,530 304,650 10,550,901 9,0*' 8,641
RicHi & Petersii. July
204,243
28,362
27,866
197,210
Rio Gr'de South. 3d wk Bept
5,993
171,052
Rio Gr. West... 3d wk Sejit
59,000
45,150 1.793,522 1,262,872
Rome W. & Ogd. August
373,077 386.055 2,628.980 2,608,543
Sig.Tuscola&H. August
63,611
11,113
65,736
11,487
»t.L.A&T.U.li's 3d wk Sept
903,904
33,890
982,633
34,910
St.L. Southw'rn. 2d wk Sept
100,020
81,992 2,673,903 2,542,109
St.Paul&Uul'tl) August
899,478
151,579 138,094 1,056,753
S.Ant.&Ar.Pass. 3d wk Sept
57.747
50.279 1,230,937 1,127,249
519,890
8. Fran.&N.Pac. 3d wk Sept
19.542
19,138
609,121
210.354
Bar. Am. & Mou. August
305,bl4
36,427
36,011
146.009
Seattle L. S. & Q. 4thwkMay
10,150
144,755
13,158
July
42,603
Silyerton
13,541
56,891
11,662
Sioux City & No. June
33,444
212,150
22,283
920',833
South Carolina August
115,000 122,942 1,043,569
-
.
Latest Earnings Reported.
Week or Mo
BOADS.
AlabainaMidl'Q. Aupist..
Allegheny Vai.. August....
Atch.T. & S. Fe.. 3(1 wk Sept
Half owned ... sd wk Sept
Total system. 3a wkSept
BtL.&BanF.. .3dwkSept
Half owned.. 3d wkSept
1891.
34,266
214,673
769.596
34,179
=03,776
153.908
33,485
187,393
991,169
67,613
7,622
32,789
1890.
37,192
242,349
663,161
34,577
697,738
143,792
33,714
179,506
877,244
61,021
Jan. 1
1S91,
to
Latest Date
1890.
1,633 ,817| 1, ,676,512
22,982, ,720 21 ,594,305
1,199 ,3971 1, ,160.083
24,182; ,119,22 ,7d4.3,-<6
4,691. ,624 4, ,478,223
1,174; ,483 1, ,136.464
5,866 ,105 5, 614.6^7
30,048: ,22428, ,369,073
wk Sept
3d WkSept
July
August...
8,061
August...
34,582
284,,095
280.3.50
August... 1,848,576 1,752,674 12,330.,588 12,,147,615
Augusr...
504,013 498,363 3,606. 6B4i 3,.698,735
August... 2,352,589 2,251,037 15,937. 252 15,,846,350
„ Total
Bal.&O.Soutliw. 3d wk Sept
53,382
51,108 1,729, 263
,651.040
Bait. & Potomac August. .
150.170 142,485 1,147, ;9:i
,114,536
Blr. & Atlantic. Autjust...
3.751
6,132
34, 026
51,761
Bir.Sh.&Tenn.K July
19,178
14,819
111, 472
111,006
Blshopsville
July
440
562
13, 377
11,764
Bofr.Roch.iPitl 3d wkSept
58,223
48,491 1.977, 152
,518,991
Bur.C.Rap.&N. August...
330.756 285,096 2,211, 020
,929,273
Camden & Atl. August
157.731
161.667
582. 202
592.009
Canadian Pacific 3d wk Sep,
414,000 365,000 13,668 041
,484.173
Cp.F'r&Yad.Val 3d wkSep
14,120
18,268
417 24o
3-i5,510
Car.Cum.G&Cii. July.
3,844
2,007
25.'697
14,424
Car. Midland... July.
6,197
4,925
Cen.RR.&Ba.Co Juiy.
496.9'<2
416,641
Oentialof N. J.. August... 1 ,305.042 1,295,535 9,144,838
8,675,314
Central Paclflo.. July
1,505,268 1,451,819 9,174,965 8,333,045
"
Central of 8.C.. uly
6,9.iO
8.026
57,257
67,857
Char.Cin.&Chtc July
13,375
8,925
86,408
66,782
CBiarlest'D&Say July
46,345
41.412
466,048
408,304
Char.Sum.&No. July
8,630
5.869
57,873
32,643
Ohatt'n'gaUni'u August
9,413
10,259
66,191
76,615
Cheraw. & Darl. July
6,215
6,563
59,024
54,421
Cheraw.&Salisb July
1.386
1,056
13,947
12,917
Ches.4.01iio.... 3d wk Sept
184,839 lC5,05y 6,176,787 5,474,328
Ohee.O. &S. W. August .
203,287 206,367 1,487,178 1,325,988
Chlo. Burl. & Q. August
3,161.840 3,016,229 20.692,921 22,674,652
Ohlo.& East. 111. 3d wk Sept
90,2551
84,792 2,671,990 2,271,320
Chicago & Krie. July
2'J5,817
216,747 1,450,232 1,571,374
Ohic.Mil.&St.P. 3d wk Sept 734.097' 635,603
19,108,262 17,934,430
Chic. (feN'tliw'n. August
2,747,108 2,670,530 17,470,587 17.345,376
Ohle.Peo.&St.L. June
60,1731
28,287
328.604
187,325
Chic. K'k I. &p.a] August
1,658,452 1,540,758 10,554,336 10,809.208
Ohlc.St.P.&K.U. 3d wk Sept 110681
90,050 3,172,923 3,064,046
Ohlo.8t.P.M.&o. August
686,329 596,173 4,561,819 4,141.762
Ohle.& W.Mich. 3d wk Sept
41,644
32,640 1,244,995 1,122,324
CJn.Ga.A Ports. August
^„g„»i....
6.676
6,927
42,880
41,954
On. Jack & Mac. 3d wk Sept
13,510
13,670
522.0-)8
473,355
Cln.N. O. &T. P. 3d wk Sept
92,328
88,512 3,072,055 3,128,941
Ala.Gt. South. Sd wk Seirt
34,569
38,913 1,307,658 1,358,650
N.Orl. AN. E. ,3d WkSept
23,428
20.686
784,856
875,703
Ala -SiVicksb. [3d WkSept
13,026
10,854
419,( 97
454,800
yicKS. eh. & P. |3d wk Sept
13,268
10,395
395,959
392,231
Erlanger Syst. 3d wk Sept 170,619 169,360
5,980,226 6,210,325
OJnn.Northw'u. August...
1,840
1,779
13,694
12.952
Cin. Ports. &V..lAngU8t ..
24,683
25,142
153,270
145,842
Col. & Maysv. August
1,245
971
_8,244
6.238
Oln.WaD.&Micb.'August"
78,103
55,664
453,685
390,350
Olev.AkronACoi 3d wkSept
23.020
20,263
682,183
603,841
Olev. & Cautou..lJulv
75.674
51,050
389,713
297,423
01.Cln.Ch.&h.L 3dwkSe"iH 284.218
283,728 9,527,697 9,411,490
Peo. & Easfn. 3d wk Sept
38.260
34.033 1,156,471 1,015,111
Olev. & Marietta ;> ugust
27.617
35,384
221,716
205,826
Color. Midland. 3d wk Sept
39,105
38,715
Co. H.V.&Tol.' August.... 324,089 274,953 1,468,072 1,348,639
2,021,187 1.8.=)3,902
Cpl.Shawuce&II 4th wkAug
14,185
6,144
356,537
180,6S7
Colusa * Liikc. August...
5.100
4,094
19,115
17,183
Current River. 3d wk Sept
3,065
3,193
111,102
125,707
Deny. & Kio Or. 3d wk Sept 179,500 190,000
5,928,998 6,051,869
Dea Moin. & IS o. August.
12,917
12,129
80,583
73,980
DesM.&N'west August....
17,h96
21,610
124,-34
135,051
5et.BayC.&Alp 3d WkSept
8,036
10,M76
341,368
400,993
25,923
26,502
882.340
864,703
»iUnthB8.&Atl August.... 262,497 246.498
DiUuth & Wiuu. August.
5,252
3,123
48,553
34,352
«.Tenn.Va.<StUa. July.
515,991 613,010 4,003,292
iKln Jol.iVEast. July.
4,123,597
"
66,569
46,953
378,141
Bui.Lex.<feB.8... July
'
318,726
80,000
78,067
417,274
446,063
Erans.&rud'plis 3a wk'Scpt
6,928
6,387
24-',419
210,674
*J»°»v- & T. H. 3d Wk Sept
25,014
22,233
839,128
ntohburg
751,365
July. ......
598,043 596,138 3,905,259
jnint. 4 P. Mara. |3u wk Sept
3,893,916
55,560
53,761 2,090,113; 2,127,752
Korenee
July
1.738
1.012
25,601
Flor. Cent.,* P. |3d wkSept
22,271
23,000
21,216
994,826
831,826
»t.W.&Klo(ir. August...
27.448
16,717
151,530
Oa.Car'la<tMo. July.
88,967
8.977
3,311
64,941
Oeor»a RK. .... August! ;
33,145
121,751 133,927 1,153,916
Geo. 80. *Fla..t August...
1,090.836
54,596
6-,820
492.494
OeorgefnAW'" Jul"
455,526
3.153
2.948'
24,9831
23,299
Tot.S.L.&S.F. 3d
AKfT. total
..
Atlanta&Char."
Atlanta AFIor'a
Atlanta &W.Pt.
B.&O.EastLlnes
Western Lines
I
|
.
.
. .
I
j
. .
.
I
I
.
-
Si>.
Pacmc Co.—
Gal.Hai-.&S.A. Augu.st
Louis'a West. August
Morgan's L&T. August
N. Y.T.&Mex. August
355,283
81,657
376,53?
20.756
370,463
113,184
444,716
23,631
2,722,923
614,718
3.306,778
124,075
2,630,832
739,866
3,336,909
122,351
October
THE CHRONICLR
3, 1891.J
LaUtt Samlngt Reported,
Jan, 1 lo Lalael Oate
Roads,
\
AtllllltU-
PaoKlo svstotn July
Total ii'f all.. July
(I'al.)
luly
(.'ol
July
Staten [^l. K. T. Aucust
BtonrCi, VCMi.. July
Baiii'iii:
i;i;iiicli. .Vu),'n»t
u. Vallin .^utrust. ...
T..n l.oiii CD's .\Ut(UAt
J.\;(.
T«mi.
Texas
Au^'ust
Mi.ll.Tiiil..
A
I'acillc
:I<1
M
wkHcpt
Tex.8.VnU\:.\.\V.
wk Sci>t
Tol. A. A. Je N. M .\n^;ust. ...
Tol. Col. A Clu. ;t(l wk Sept
Tol.A01iUiC.»iit. :!(1 wk Hcpt
Tol. P. A Wpst.. :iil wk Sept
Tol. St. L. A K.C 'id wk Sopt
Ulster A Del.... July....
Uaton Paoitic—
Or.S.h.AU.N. July
Or.Ky.AN.Co. July
Un.Pac.D.&O. .lulv
lines..
Tot.lT.l'.Sy.s.
July
July
13,439
07,297
82,940
180.237
18.004
150.709
1.780
98.384
6,212
34,373
23.514
30,402
47,819
109,061
75,426
184,48^
19.539
150,034
934
87.578
0,J80
3
1
,0B.->
104
41,409
48,892
2.'),
5,'i9,540
139.450
70.704
9.689
138.735,
1.217.176
3,063.317
1,127.207
593.240
75,509
720,028
2«,.'i07
837,3.'5
Tot. eonflcil .luiy
Montana Un.. July
A a, July
Man.AI.ABur. July
1,240,158
3,611,019
1,151,892
602.707
r67.833
707,627
20.209
656,873
eSH.HSl
619.711
1.437.204 1,295.2.J2
128.541
131,900
4,579.761 4,734,798
30,524
3.'i.062
681,712
703,297
l,d34',733
l,d3V.939
072,291
602.0-'2
1,310,881
l,12»,ino
199.032
207,060
699,268
464,519
527.062
4,356,193
2,978,094
115,.5(i0
435,79
3,00.'),955
1.838,401 2.030,318 11.6I0.5;>0
3,500,823 3,837.362 22,4ie.0'28
301,97;54,990,
66.149
3,903,511 22,778.603
43,911
80,831
438.818
2.060
2.157
10.511
2.951
2,001
22,771
Oant.Br.AL.l.. JiilV
I^av.Top.
246,291
654,013
400,960
531,389
70,000
BtJo.A(i'(iral. July
AUotU.
•
13,49)
July
Arizona DIv.. July
J)lv
1890.
S
247.311
620,700
100.020
81,890
10,002
134,125
Inly
So. Ulv. (Cal.)
NewMcv.
Bpar. Un. A
1801,
»
1,025.135 1 .209,002
7.844,918 8.039,040
3.333,481 3,143..'>83 20.031,117 18.731.109
1,288.917 4,079,519 26,900,449 25,074,220
Bo Pao. KR.—
Ko. DIv.
1800.
la 1,146 1751,141
975,586 1,124.135
AiiKUSl
«>•».<•.
1891
«
Weekorllo
Bo.Pnf.ro.iVim)
Tax. A N. Orl AutniBt
Jolnt.owu'il.is July
24,476
45,824
230,049
Wash. Southern. August
West Jersey
August
W.V.Cen.Al'itts. August
WestVir.APitts. July
18,530
190,635
94,204
21,574
39,430
7^,400
27,710
56,758
102,496
6,175
3,607
20,.'578
194,071
93,828
9,951
42.018
75,300
23,829
56,996
115,201
6,210
3,419
191,218
991,9«6
727.617
88.818
312,839
4.222,828
2.330.914
3,160,308
856,070
13.102,393
23.739.112
050.271
21.389,383
513.174
16,981
19,621
275,887
Grand total. July
3,580.288 3,949.335 23,017.052 24,66.1,270
Vermont Valley .\UgU8t
20.0S5
20.130
121,500
125.673
Wabash
3(1 wk Sept
310,000 270,200 9,646,312 9,199,985
Wab. Chest. AW. July
7,230
5,070
36,230
32,452
We.stern ot Ala. .Vugu.st
West.N.Y. APa. 3d wk Sept
WheellngAL. E. 3(1 wk Sept
Wil. Col.
A Aug.
Wisconsin Cent.
July
3(1
wk Scut
Wrii;ht.sv.ATen. July
Zancs. A OUio... Istwk Sept
2,601.-103
913.341
558,818
3,603.829
52,511
98.586
185,248
980,239
606,345
50,789
328,521
2,583,500
828.818
549,867
3,670.008
47,413
101,224
* Figun^s cover only that part of mileaso looaterl in South Carolina
flgures from Jan. 1 to date inolude corrections for the first throe
mouths o( each year. 6 Western and Atlantic Included in August, 1891.
but not iu 1890.
c Includes earnings from ferries, etc., not <lTen
separately.
I Mexican currency.
rf Includes Rome Wat. 4 Ogd. in
both years for August and tlie eight months.
a The
Latest Gross Earnings by Wesks,— The final statement
for the third week in September covers 88 roads, and shows
7'61 per cent gain in the agKi'egate:
3(1 teeeh-
of September.
Prev'ly report'd 23ro»d»)
Atch. Top. & S. F. system
1
Roads j'tly owned "s.
Bt. Louis A Sau Fran...
Roads j'tly owned »«.
A
Ohio 8oulliweat'n
Cape Fear A Yadkin Val.
Chicago A East. Illinois.
Chicago A Grand Trunk..
Chicaao .St. P. A K. City.
Chicago A West Michigan
Cin. Jackson A Macinaw
Cin.N.O. AT.Pac.(5 roads)
Bait.
Cleve. Akron A Columbus
Cleve. Ciu. Chic. & St. L.
PeorlaA Eastern
Colorado Midland
Current River
Detroit Bay C. A Alpena.
Detroit tir. Ilav. A Mil...
Detroit Lansing A North.
Evausv.
Evansv.
A IndianaiMjIls.
A Terre Haute..
Flint A I'ore .Marquette..
ria. Cent. A Peuinsula...
Grand Rapids A ludiaua.
Cincinnati R. A Ft. W..
Other
liue.^
Iowa Central
Jacksonville Southeast ..
Kansas City CI. ASpr....
Kan. Citv Ft. S. A Mem..
Kansas
c.
Mem.
A
Birm.
Keokuk A Western
Lake Eric A Western....
UtUo Rock A
Mcmpliis..
liOuls. N. Alli.
A
liOUlsv. Evai.sv. A St. L.
tiouisville A Na.shvilie...
Chic
Mexican National
Mo. Kansas A Texas
Kansas City A Paclflc..
orfolk A Western
Ohio A Missis.sippl
Ohio River
Peoria Decatur A EvansT.
Rich.
A Danv.
(8 roads)..
Rio Orando Western
St. L. Alt.AT.n. BrcUes
Han AnI.Milo A Ar. Psiss.
Han I ratuisco A So. I'ac.
Texas Siili. V. A N. W
Toledo Peoria A Western.
Western N. Y. A Penn..
Total (88 roads)
Net increase
(7-61 p.o.>
1891.
1890.
3,885.693 3,588,094
769,596
663,161
34,179
34,577
153.908
143.792
33,485
33,7)4
53,382
51,108
14,120
18,268
90,255
84.792
68.060
73,115
110,681
90,050
41.644
32.640
13.510
13.670
176,619
169.300
23.020
20.263
284,218
283.728
38,260
34.033
39,105
38.715
3,065
3.193
8.036
10.376
26,696
25.277
25,923
26.502
0,928
6,387
23,014
22.233
55,560
53.761
23.000
21.216
52,787
53.182
9,300
9,368
4.761
4.165
46 715
45.639
24,314
16.316
5,848
8,974
95,187
91,243
21,093
22,803
9,001
8,043
67.507
60,829
14.482
13.391
32,640
31.195
417,6.50
64.735
74.959
221,593
9,840
183,817
106,321
18,423
386.430
59.602
69.974
194,153
Increase.
$
356.024
106,433
Decrease.
S
58,425
398
8,116
229
2,274
4,148
5.463
4.449
20.631
9,004
ibo
7.259
2,757
490
4,227
390
123
2,340
1,419
579
541
2,781
1,799
1,784
395
68
599
1,076
7,993
3,128
3,941
1,708
936
6,738
1,091
1,445
31,220
5.133
4.985
27.412
2,768
1.5,555
7,072
185,119
104,790
17,912
14,922
16.441
299.530
59.000
33,890
57,747
19,542
304,850
45,150
34,910
50,279
19.138
931
1,786
25,164
78,400
23,514
75,300
8,091,808
7,519.452
656,803
572,336
the issue of October
4
Orou Sarninat
1801.
yel Bammg:-
IgOO
(
1891,
1800.
•
•
re....Ang. 3,00S,3.M 2,763,615 1,018,003
801358
Jan. 1 to Aug. 31... 20.009.247 10.673.899 6,314,703
July 1 to Aug. 31... 5,826,891 B,18I,401 1,830,311 S.753.M3
1 .469,009
R'd«J'llyow'd(Hi).Aug.
125.703
130,478 def. 2,799 def.l,47t
Jan. 1 to Aug. 31.. 1,099,101 1,000,340 def.13,083
123,366
July 1 «o Aug. 31...
2.N3,010
202.117 dof. 3,320
1 1 ,735
Total Atch. »v»...Aug. .3.134.002 2,894.092 1.016.190
.3,134.002
802,884
Jan. 1 to Aug. 31... 21,798,352 20,740,213 6,290.0-iO 5.879,210
July 1 to Aug. 31... 6,079,940 5,443,547 1.8.32.984 1,481,644
St. I/. A San Kran.Aug.
0(»0.873
607.413
283,719
277,403
Jan. 1 to Aug. 31 .. 4,232,150 4.058,794 1,096, M7 1
,075,«2»
July 1 to Aug. 31... 1,194,036 1,102.916
526,472
531,435
R'ds J'tly ow'd Csl.Aug.
122.138
127,304
3
V„V)2
Jan. 1 to Aug. 31... 1,070,197 1,044,932
2,175
146.771
July 1 to Aug. 31...
247.273
2.50,624
2,593
17,918
Tot.8.L.48.F.8j».Aug.
732.314
731,806
283,721
279.008
Jan. I to Aug. 31... 5.308.347 5,103.723 1,698,302
1,822.400
July 1 lo Aug. 31... 1,441,309 1,419.539
029,063
519,352
Atch. A San Fran. Aug. 3,806,376 .., ..
3,028.899 1 .299,920 1.172.70O
Jan. 1 to Aug. 31...27,10(),098 25,8U.9Ji9 7,097,412
7.701,609
July 1 to Aug. 31... 7,321,219 6,803,087 2,382.049 2,030,097
Buff. Rooh. A Pitts. Aug..
260,705
195.406
107,183
53,150
Jan. 1 to Aug. 31 .. 1,804,772 1,373,518
591.862
458,235
July 1 to Aug. 31 ..
489,044
397,812] 168.310
111,461
Canadian Pacific. ..Aug. 1,734,985 1,530,000
720.003
677,37«
Jan. 1 to Aug. 31. ..12,447,011 10,375,173 4.3J7.540 3,541,312
Chesapeake A Ohio. Aug.
836.187
728,041
251,809
213,112
Jan. 1 to Aug. 31... 5,021,383 4,979,'151 1,43>«,034 1,032,734
July 1 to Aug. 31... 1,005,933 1,371,705
458,930
417,802
Ches. O. A Southw.July
199.517
186.186
75,468
71,377
Jan. 1 to July 31... 1,282,548 1,119,621
360,820
396,000
Chlo.Burl.AQulncy.Aug. 3.161.840 3,010,'>29 1.344.531 1,051,165
Jan. 1 to Aug. 31. ..20,692,921 22,674,652 7.492.013 7,413,724
Ohlc.Mil.ASt.Panl.Aug.. 2,367,006 2,322,689
634.894
751,883
Jan. 1 to Aug. 31. ..16,984,362 16,086,165 4,888,032 4,730,567
July 1 to Aug. 31... 4,670,538 4,471,750 1,380,206 1,418,600
Colorado Midland. ..Aug.
188,729
161.287
50,100
56,247
Jan. 1 to Aug. 31... 1,349,930 1.233,196
333,901
410,244
July 1 to Aug. 31...
302.076
316.481
90,197
112,203
EUz. Lex. A B. 8.. July..
80,000
78.067
27,968
33,052
Jan. 1 to July 31...
417,274
416,063
103,913
174,383
XowaCentral
Aug.
156,812
150,252
45.977
46,599
Jan. 1 to Aug. 31... 1,003,217 1,02«,843
263.468
279.291
July 1 to Aug. 31...
285,440
276,833
69.319
70,850
K«n.C.Ft.S.AMem..Aug.
383.394
405,333
113.836
111.479
Jan. 1 to Aug. 31... 2,9t;3,9.">9 3,121.871
780.013
831.833
July 1 to Aug. 31...
732,456
774.081
190.176
200,604
LoulsT. ANashville.-Aug. 1,796.054 1,706.940
657,253
671,129
Jan. 1 to Aug. 31... 12,849.199 12;378.909 4.716.970 4,580,707
July 1 to Aug, 31... 3,602,845 3,232.122 1,318,454 1,209,005
Uexican National. ..Aug. 1346,683
280,638
96.236
58,577
Jan. 1 to Aug. 31... 2,750,131 2,435,.301
743,828
483,643
Mil. A Northern... Aug.
152.203
118,041
58.721
43,430
Jan. 1 to Aug. 31.
1,082.043 1,018,773
390.819
323,881
July 1 to Aug. 31...
304,717
281,321
117.031
91,01S
N. Y. L. E. A Western Aug. 2,940.268 2,798,618 11,122,345 11,095,234
Jan. 1 to Aug. 31. ..19,550,584 19,027,119 t0,851,213 t6.379,14«
Oct. 1 to Aug, 31. ..27,155,382 26,499,152 19.419.070 19,214,585
Norfolk & Western. .Aug.
828.923
776,727
323.256
295,173
Jan. 1 to Aug. 31... 5,807,640 5,498,790 1,923,701 1,788,733
Northern Central... .Aug.
115,078
612.108
533,098
198,052
Jan. 1 to Aug. 31... 4,353,903 4,390,532 1,321,395 1,192,270
Pennsylvania
Aug. 6,212,375 3,930.855 2.451,410 2,292,028
Jan. 1 to Aug. 31. ..43,367,568 43,263,832 13,-234.677 12,623,740
Lines westofP.AE.Aug.
Dec. 88,930
Deo. 109,416
Jan. 1 to Aug. 31...
Deo. 1,216,816
Inc. 232,351
52,942
Pitts. Youngs. A A. ..Aug.
91,331
174,889
132,326
Jan. 1 to Aug. 31...
313,179
348,197
781,119
911,353
94,119
73,785
Elo Grande West'n.Ang.
240,089
187,436
323,190
583,433
Jan. 1 to Aug. 31 .. 1,630,122 1,148,0-22
143,747
198,090
July 1 to Aug. 31...
489,645
361.578
38,684
52,435
San. Fran. A N Pao Aug.
99,353
83,866
194,243
131,317
Jan. 1 to Aug. 31...
549,151
493,838
July 1 to Aug. 31...
89,529
87,031
183,903
101,847
Southern Pacific Co.—
Gal. Har. A 8. Ant. Aug.
355,283
370,463
102,341
100.173
Jan. 1 to Aug. 31 .. 2,722,923 2,630.832
539.111
466,025
Louisiana West'n. Aug.
81,057
113,181
59,013
36,785
Jan. 1 to Aug. 31..
614,748
739.866
201,867
374.475
370,533
414.710
01,338
110.457
Morgan's La. A'r. Aug.
632,2.13
920.039
Jan. 1 to Aug. 31 .. 3,306,778 3,336.909
7,'S03
20,736
23,031
7,203
H.Y.Tex. A Mex.Aug.
121.075
6.337 dcl.19,837
Jan. 1 to Aug. 31 ..
122.351
131,110
56.821
03,340
172.111
Tex.ANowOrl'us. Aug.
412,231
539,855
Jan. 1 to Aug. 31 .. 1,023,133 1,209.092
2(i7.i><7
401,839
973,586 1,121,133
Tot. Atlantio sys. Aug.
Jan. 1 to Aug. 31 .. 7,844,918 8,039.019 1,796.333 2,270,605
131,399
09,727
324.828
333.889
WMt. N. Y. A Penn.JUy
6^3,611
558,922
Jan. 1 to July 31... 2,009,603 2,026,671
„
,
s
Itnatlt.
Atoll. T.
8.
A
1
,
'
•
.
After deducting proportion due roads operated on a percentage
f
1,302
1.531
513
6?3
805
5,120
—
The following roads, in
Interest Charges and Snrplns.
addition to their gross and net earnings given above, also
report char»<e8 for interest, Sk,, with the surplus or deficit
above or below those charges.
r-Inler'l, rentals, <*e.— ^Bal. of Xel Samt.-^
.
13,850
1891.
1,020
7.468
404
17.
basts, net iu Aug., 1891. was *S33,"91. against *840.831 In 189i>; for
8 mouths to Aug. 31. .*5.162.36ti, against ti4.!<02, (44, and October 1 to
Aug. 31, t7 ,030,281, against *0.842.390 last year.
i,650
3,100
15..576
471
Net Earnlngfi IMonthlr to Lntest DateH.—The Ubla followinir BhowH tho net eamioKs re|«.rt^(| thi.i week,
A full
detailed statement, incIudiiiK all roads from which
monthly
retunw can be obtained, is given once a month In
the.4
columns, and tho latest statement of this kind will
be fr^und
in the CHRomcLK of September 19.
The next will appear in
'^'^
Itoadr,
84.447
1890.
«
1891.
S
1800.
9 ^
277.049
800.000
773,510
544.531
Jan. I to Aug. 31... 6,332,000 6,188,1-23 1,140.013 1,223,599
17.551
16.215
96,283
93.201
Kan.C. Ft.8. A Mem. Aug.
10.880
183,--'90
184, i93
16,311
July 1 to Aug. 31...
35,213
31.334
17,4< O
17,192
San Fran. A N. Pac'Aug.
55,113
S2^3a
31,800
34,416
July 1 to Au«. 31...
Chic. Burl
852
A Qulncy.Aug.
•
'
Figures corrected by company.
THE CHRONICLE.
472
[
1889-90.
ANNUAL REPORTS.
Eipenset—
Mainteuanceof way and structures
Maluteiiauce of equipment
Illinois Central Railroad.
the year ending June 30, 1891
June
Tlie annual report of the directors for the year ending
with full bal30, 1891, is given at length on subsequent pages,
ance stieet and exhibits. Comparative statistics of the operations and income account have been compiled for the Chroni-
fFor
CII-E
below,
all
the statements including the Iowa
lines.
MUe» operated
ZguipttunILocomotives
PuBsengor pars
,,
FreUhtcars
Work
1890-91.
2,875
547
4'^
*17
4fi3
15,406
^*'^9o
"8
oars
Operations
—
8,207,213
Nuiut)er of passengers carried one mile 158,167,006
2-078 cts.
Rate p-r passenger per mile
6,359,729
Freisht (tons) moved
1,189,282,889
FreiKlit (tons! moved one mile
0-953 cts.
Bate per ton per mile
FISCAL BEIULTB.
1889-90.
Samnigt—
157
10,108,375
183,875,079
2-073 cts.
6,948,807
1,302,002,213
0-934 cts.
Total expenses
Netearnings
3,287,292
11,335,365
1,829,365
3,812,340
12,160,000
1,908,615
Total
Operating expenses—
Maintenance of wav, Ac
Maintenance of eauipment
Transportation and mlsoellaneous
16,452,022
17.881,555
2,505,499
1,483,969
6,376,282
787,669
2.732,828
1,802,396
7,355,142
11,153,419
5,298,603
mOOMB
.-.
Receipts—
$
5,298,603
731,135
10,018
1,163,109
8,059,806
6,3I8,5'23
Interest on lUinoia Central bonds
1,464,925
Int. on Chicago St. Louis & N. Orleans bonds. 1,106,955
Rental DubuqiioA Sioux City RR
*415,629
Dlv ideuds on Illinois Central stock
2,400,000
Dividends on Leased Line stock
400,000
&o
Total
1,726,791
2,225,213
*1,663,641
44,401
156,841
1,628
1,745,129
11,609
163,101
16,419
69,145
1,866,511
Def.139,720
SiiT.219,810
Total
Loss on grain elevator
Discount and exchange, &c
Total
Balance
34,905
2,005,403
* Interest charges for the year ending June 30, 1890, included about
$200,000 bonds issued for construction which was not finished or used
until 1891
New York New Haren &
fFor
The annual
Hartford Railroad.
June 30, 1891. >)
that there was charged during the
the year ending
report states
:
$1,251 173
510,862
333,569
313,830
Elimination of grade crossings
209,418
Harlem Blverpas8'gerstatlon,Suburbanconnect'n.&equip.
184,770
New equipment
207,359
Mlsoellaneous
1,462.425
1,247,010
829,169
2,250,000
laterett,
*l«(»llaneous
1890-91.
2,206,693
18,520
Veduct—
year to capital accounts the following items
Real estate and right of way
1890-91.
Double track. Shore Line
$
5,120,509 Four tracks, New York Division
1889-90.
Vtt earnings
tfbt receipts from
1889-90.
1,706,822
19,969
Oflierlncome
870,680
INCOUB ACCOUHT.
2,-z06,693
ACCODNT.
Netearnings
12,761,046
5,120,509
Total
»et earnings
5.920.418
O. accounts. In 18tJl the gross earnings are Included in C. & O. earnings and the gross expenses appear.
tin 1890 the accounts of the Covington & Cincinnati Bridge were
kept separately, the monthly balances of earnings appearing iuC. & O,
accounts, any balances of cxi)enses l)eing charged tUciein. In 1 891
the gross earnings of the Bridge are included iu C. &. O. figures, and
total expenses are charged therein.
Taxes.
$
Passenger
Freight
Mall, express and mlsoeUaneoua
Taxes
1,429,889
1,212,251
2,436,243
169,951
191,428
*312,087
tl38,569
5,455,127
1,706,822
Conducting transportation
General expenses
Traffic expenses
Newport iNews and Norfolk Terminal....
Covington & Cincinnati Bridge
Interest on bonds
Rentals of tracks
1890-91.
$
$
1,574,687
1,053,827
2,386,031
164,359
188,288
*76,048
111,887
..
•
Kumborot passengers carried
1890-91.
*
..
*In 1890 the accounts of the Newport News and Norfolk Terminal
were kept separately, and only the monthly balances appeared iu C. <fe
OPERATIONS.
1889-90.
2,875
LIU,
IH»lrtiri>emeni$—
$3,073,982
Total
"Work on
the four tracks has been continued between
South Norwalk and Bridgeport, and it is expected that
The four
400,000 between those points they will soon be in use.
Permanent improvements
213,415
tracks are. also being carried through the Village of Port
Misoellanoous
136'027
50,000
Chester and across the Byram River. Upon the Shore Line
Total
6,050,924
6,318,633 Division it is expected that the double track will have been
Balance
Sur.8,832
Def.118 finished between New London and Leete's Island by the time
of your annual meeting. The method of connection with the
* On same basis as In 1890-91, namely the net earnings.
Harlem Railroad near Woodlawn Junction is being changed
The statement for the leased lines in Iowa is made up as as proposed in the last annual report."
follows:
On the 10th of January, 1891, it was voted by the directors
1889-90.
1890-91.
that the capital stock of the company be increased on the first
„,,
. ^
Miles operated
600
600
day of October from the present amount (§18,700,000), by the
Gross earnings
2,004,016
2,558,221 issue of 46,750 shares,, to be paid for at par by,the stockholders
Operating expenses and taxes
1,603,290
1,729,052 of record June 30, 189l. The capital stock of the company will
then be $33,375,000. The proceeds of this stock will be used
Net earnings
400,72^
Other income
in payment for the improvements in four-tracking, double39g
tracking, elimination of grade crossings and other permanent
Total
401,124
830,060 work.
Dcauct—
The results of operations have been compiled for the CHRONEentofC. F. AM. RR., paid Into cpurt
113,370
113,370
Interest on bonds
460 760
471,935 ICLE as follows
Interest on notes
I.'.'.".".'."."
14,568
EQUIPMENT JUNE 30.
16,000
Sinking fund
9 210
1891.
1890.
9,210
Ch. 4 Dak. and C. R. &ICh. bond int. prior to
221
Locomotives
209
JulvI.lHUO
*651
583
139,549 Passenger cars
.'.'".'.'.'
Diviclend on Dub. A Bloux CltyVi'per cent ..."
ide
Freight oars
4,364
4,362
79,996
34
Other equipment
16
'
-
Total
597,908
Def.196,784
Balance
830,060
In addition to those stated, company owns 310 of 22 drawingin the Waguer Shore Line, and 124-'232 of
smoking, 2 postal and 19 passenger cars in the Boston &
New York Shore Line Express line.
*
room and 10 sleeping cars
Chesapeake it Ohio Railway.
CFor the year ending June 30, 1891.^
11 baggage,
.
EABNINGS, EXPENSES AND CHARGES.
The annual report for the fiscal year ending June 30
1891 ha^j
1888-89.
1839-90.
nust come to hand. The figures have been
compiled for the
Chronicle in comparison with the previous year,
and are Gross earnings
10,094.487 10,749,167
presented below. The report was received too
Operating expenses
7,089,939
7,379,771
late
ments upon it this week but in the next Chronicle for com
an ana^Netearnings
3,004,548
3,369,393
8ia of It will be made.
The remarks of Mr. Ingalls the Pres^ Other income
142,383
149,383
dent together with the balance-sheet on
June 30 wHl be
"®
found on another
Total
page.
OPBBATIONB AND FISCAL BE8ULT8.
^^923^^'
Mljes operated JuneSO.
Mquipment—
Locomotives
Passenger oars...
1
^"^
470
fi^.^
71 560 114
r^tit535
'
,
252
151
".
"I
::.:::::::.:
Terminal.'.'.".'
11,330
1,692,072
81,9C8,154
2-155 cts.
-.
, ,,,
cts.
.^. .„„
\'%LAlt
:.::
Hewport News and Norfolk
1890-91.
1,027
9,889
f?^gK^yoTs^c^a^x^"?".!•.v.v.•..•;.••
Passengers
Freight
Miscellaneous
Express
Mali
Deduct—
Interest
237
144
Frolght, Ac, cars.
Operation* Panaengers carried
Passengers carried one mile
Eaminf,,-
'
Qo'no?
ll'^li
ifA%%
"g.'oel
~7T6T:949
__
525
$
ct-^.
1,7«5.299
5.963.516
187,241
9o,488
120.567
liLi^JT^.
Rentals
Taxes
Dividends (10 per eont)
Total
Burplus
1890-91.
11,323,617
7,928,902
3,304,715
183,365
3,146,931
3,518,776
3,583,080
80,000
906.033
484,254
1,550,000
80,000
982,883
552,878
1,705,000
80,000
984,060
61«,923
1,865,000
3,'-'20,287
3,320,766
198,010
3,545,983
37,097
126,644
The operations, and earnings and expenses in detail, for
were as follow. The figures for 1889-90 being reported for nine months only are not available for cotnpariscn:
1890-91
Operations—
Patsongers carried No
Passengers carried one mile
Average rate per passenger per mile
Freight carried (tons)
Freight carried one mile (tons)
Average rate per ton per mile
Earnings —
Passenger department
Freight department
Total earnings
1890-91.
1 4,030,868
341.370,316
l-69ct8.
3,80-2,012
'..
.'.'.".'
255,243,884
1-79
cts.
9
'...'.'..'..'.
6,649,987
4,673.630
11,323,617
OcTOBEK
THE CiniONlCLR
18«1.]
S,
Malnteimnoe of w»y,
1 RIM) 01.
i.flii.ar.s
etc....
MalDtciimirK of (tqulnment.
CoudiiciluK tr»u«i>ortatlon ..
l,33-l.3M4
Ui'ueriil
(iUl.GOM
Total expenses.
Ket earnings
7,928.901
8,394,716
OCHBRAL BALANOI 8IIBKT JUNE
30.
1890.
A
Aiifit—
Constriu'l inn acoouut
14,836,533
3,461,573
871,026
128.688
3,039,835
271, ass
56,063
305,371
24,530
Eqnlpiiii'iit
Beal catnto
Docks mid whnrves
New
f(«imlrui)tion
('a«b
Due from
aireuta
IJut; rroiii
cuiupanlos and IndlTidaaU
&
Advances
to Uiirlem lUv*
Bills Toeelviiblo
Portoliester
RB.
12H,fi,'<8
4,71(l,:i02
719,774
90,118
281,1108
24,5:)0
2,239.277
794,190
25,951,935
29,670,612
18,600,000
2,000,000
18,700,000
2,000,000
660,000
6,667
139,945
53.024
3,909
581,863
3,706,527
S,140,00i>
6,607
192,2H4
45,524
3,069
845,500
3,860,484
25.051,935
29,670,612
Bonds («ic SurrLKMENT)
Advaiuis iiooornt of new stock
870,.'505
Bills iiH\able
InttTcst
iinpiilrt (aoorued not due)
Routals iiiiiiaid (accrued not due)
Rentals mipaid
Dividends
VoucUers and accounts
loss
".
Totol liabilities
Cliicugo St.
(For
Paul
& Kansas
the year ending
Mtles operated
OperaUmu—
Passengers carried. No
1,931.969
Passengers carried one mile 28,016.887
Rate per passenger per mile.
1-76 eta.
Freight (tous) carried
2.692.888
Freight (tons) car. I mile
338,479.066
Rate per ton per mile
0-61 cts.
Eamitiga—
June
608
831,274
845
1890-91.
887
1888-89.
1889-90.
527,666
1,504,550
219,299
688,962
1,871.453
217,570
930.959
3,040,698
248,007
3,077,738
212,2a0
2,251,515
1,817,13.%
2,777,985
2,140,080
4,225,665
3,265,885
4,360,851
3,378,310
434,380
637,905
959.780
982,511
595,725
163,826
Eaminga—
Freight
Mail, exprsss,
871.879.
•54,590
296,235
•92,276
355,291
<&o..
Net income.
Iteducl—
Interest
Rentals
Total
236,825
Thl.s interest Is
collateral notes.
on the three-year notes, 5 per cent priority loan and
OBHESAL BAIANCE SHEET JUNE
1888.
,
A rtrig—
$
2,719,932
1,721,547
2,911,723
1,731,369
3,967,195
1,946,500
995,385
1,180,354
1,620,695
Ltj;t-t;de<4uipuient
reo'ble, fuel, 4o.,
Accis
on hand
-•.
milled Interest on Ist mortgage
Funded interest on general mort
tieneral mortgage Is, owned
40,889,478
2,009,623
.
401,306
145,108
l-
Expensesi'f funding scheme
Balance of Income aceount
9
42,898.883
4,017,003
1,524,510
469.323
252,797
638.(157
1,882.100
438,365
5,211,000
82,723
40,249
731,358
41,176,873
t'^°}^\j
Stock...
^
64,898
46,321,125
64,735,920
14,882,900 14,892.900 14,892,900
Bonds and notes (see Sdpflbm't) .27,877.700 30,108,750 36,284,670
r.quiiunent warrants
1,521..'>10
tlouiM'HS
495,710
,725
1
6.563
V oiiclicrs. pay-rolls A curr't aoo'ts.
910,663
878.187
703,955
Balance of Income account
1.14^.899
608.955
1
Total
44,176,973
46,321,125
84,735,920
Chicago & Eastern Illinoig Railroad.
CFor the year ending June 80, 1891,
'*?**'' o' Mr. H. H. Porter, Chairman, remarks that
.. J?®
" The result of the year's operations cannot but be satLsfuctorv
to every stwkholder, when carefully analyzed.
It shows that
while the average rate earned per [passenger per mile was -IMl
cents, compared with 1-68 cents last vear, the avera^re (lis
tance traveled by each passenger, 13-5 "miles, as against 13H
1
S K? cents
W-59
""^ '^'*' ^"^ transportation of freight, onlv
ton per mUe, as against 00-60 last year, and the
earnings per ton, 779 cents, as against 75 cents last year
^^"'"'
jjer
1889-90.
1890-91.
1,180,3.54
31,992
1,620,695
39,584
1,000,398
1,212,346
1,660,279
724,045
505
222,118
267,912
768,663
2,851
200,061
769,905
Other Income.
Total
Dieduel—
Interest on bonds
Interest on floating debt
Rentals
Dividends on pref. stock. (6
p. c.)
Total
(3p.c.)
204,227
133,956(6p.c.)275,949
1,214,580
1,105,531
1,250,081
214,182 sur. 106,815 sur. 410,198
Balance
def.
New York
At
the
tember 80
annual
the
Ontario & Western Railway.
June SO, 1891.^
of stockholders on
directors were elected
the year ending
meeting
following
Sep-
John
Greenough, Richard Irvin. William H. Paulding, John
B. Kerr, Thomas P. Fowler, Eben K, Sibley, Francis R. Culbert, Samuel Barton and Albert S. Roe, of New York Charles
S. Whelan, of Philadelphia, Pa. H. Pearson, Joseph Price and
Charles J. Russell, of London, England. After the stockhold:
;
;
meeting the board organized by re-electing the old offiP. Fowler, President; Joseph I*rice, Vice-PresiJohn B. Kerr, Vice-President and General Coimsel;
Richard D. Rickard, Secretary and Treasurer.
The annual report of the President of the company,
Mr. Thomas. P. Fowler, states that the gross earnings
for the year ending June 30, 1891, were $3,809,702, being an
increase of $609,356, or 37-69 per cent over the previous year.
Rentals and fixed charges for the year were $5"i3,890, leaving
a surplus of $100,439. The number of tons of freight carried
one mile was 194,897,759, as compared with 114,554,570 tons
in the previous year, an increase of 70-13 per cent. The
amount of coal received from the Scranton division during
the year was 495,335 tons.
There were 850 coal cars purchased upon the "car trust"
plan, under trusts to the Bristol Wagon and Carriage Works
—Thomas
cers
dent;
Wagon Company, Limmonthly instalments, aggregating $5,177 per month, of which a sum representing the
interest on the cost of the cars and the expense of insurance
and of the trust is charged to income, and the remainder to
ited.
1891.
42,113,790
2,017,003
442,264
630,646
995,385
5,013
Net earnings..
Company, Limited, and the
30.
1890.
941,0.'>0
r..-t of ro.-Ml and terminals
""•'
<'n,i of equipment ...
i^^"*'',
S
1.010333
769,551
1,108,704
350,825
417,567
def 326,171 def. 470,799 sur. 608,955 sur. 531,944
Balance
.
1890-91.
$
Total earnings....
Op. exp. and taxes.
•
Total
Oper, expenses and taxes...
ers'
EABKINOS, EXPENSES AXD CHABOES
Passengers
9
1888-89.
Passenger.? carried.
1,153,168
1,217,175
1,189,713
Passenger mileage
22,350,172 27,758.311 42,081,253 42,970,824
Rate per pass p.m.
2-34 c,
2-23 o.
2-20 c
2 02 c.
Tons carried
1,030,356
935,479
1,483,238
1,3-8,638
Tonnage niUoage
18 ,092,505 197,25S,630 423,789,894 391,436,313
Rate per ton per m.
'80 c.
-72 c.
-95 o.
-79 c
1887-88.
$
-
2,755,382
181,167
fFor
750
2,887,443
360,215,767
060 cU.
2,819,271
37,978,620
1-60 cU.
3,838,574
468,812,032
0-59 cU.
559,486
2,163,639
188,598
OFEHATION8.
At. miles operated
1-68 cts.
492,079
2,066,364
161,489
30, 1891.^
1889-90.
2,414,183
33,334,s83
INCOME ACCOUNT.
year the company has leased trackage from St.
Joseph, Mo., to Kansas City, 67-67 miles, and 1-30 miles in the
city of Ues Moines, making a total of 931-55 miles.
But during the same time the lease of the line from Mason City to
Manly Junction, 9-10 miles, has been abandoned, leaving the
net mileage owned, leased and operated at the close of the
year 92'3-45 miles.
The tables following have been compiled for the Chronicle
from the present and previous reports.
1888-89.
189041.
439
Passengers
Freight
Mall, express and mlscel
Net earnings.
tlie
1887-88.
OfEBATIOIlS Alin nsCAL BESDLTB.
1888-89.
1889-90.
471
436
City Railway.
Tiie annunl report is almost entirely statistical, and the
figures are given below. At the comtnencenitnt of the fiscal
year there were in operation 863 -68 miles, leased and owned.
During
(occasioned by the iiu^reased distunre of th.' av.iugi' li
ml per
ton from 134-8 miles to 133-.'i mil<.»), y,,t the
protK.rtion of
operating expenses to earnings, including taxes, wa.s
but 54 -M
per cent, as against 09 46 per cent a year ago.
It also shows
that there was an incTeMe in pawenger earnings of
171.160 or
13-7i jH-r cent, and an increase in freight earnings
of $.'591 742
or 27-35 per cent. These resulu have been brought
about
by a policy of liberal •xpenditure for additional room, entilp.
ment and betterments to the railrcjad proi>erty. The expenditures already made and now in contemplation are
giving to
this road better facilities in Cliicago and along its line
increased doable-track, increasM side-track, reduced grades,
better bridges and more mo<lern equipment than under
the
same conditions are usually to be found on Western railroads "
Operations, earnings and charges are shown b«low,
compiled for the Chronicle:
300
2,328,769
627,992
Total a.<)set8
Liabililio—
CaplUl stock
and
3,8711,485
871,0J(i
300
Stocks and bonds owned
Materials and suiipUes on haiid
Profit
1891.
»
15.922.014
473
British
These trusts are payable
in
capital.
The traffic and earnings
statistics,
for the Chbonicx,e as follows
&c., have been compiled
:
oriaATioNs AND VISCAL BBSULTS.
1888-89.
Miles operated
Operatinnt—
Paaseugers carried, number.
Passengers carried one mile.
.
. .
amlDgs per passenger per m.
1888-80.
424
477
477
628,494
31,781,378
827,766
82,142.497
1,008,216
36,011,439
l-6«>9o.
1-912 0.
1,267,199
114,554,570
1,737,090
194,897.790
Freight carried, tons
850,239
Tons freight carried one mile.. 82,311,943
Earnings per ton per mile
1-365 c.
.
.
1-271
0.
£amtn^»—
Passengers
1890.91
l'8'i2 0.
1033
0.
511,304
1,123,776
81,001
24.632
Total
660.185
2,013,685
103,319
36,517
1,740,713
Frelghf.
Mall, express, &o.
Miscellaneous
614,653
1,456.994
98,968
30,831
2,200,446
2,300.702
411,220
890,614
100,879
926,163
906,968
660.876
142,79'i
28:M80
321.663
00,311
96.322
83,364
170,487
399,377
100,947
114,93S
90,7*7
1,768,043
3,159,372
432,403
664330
Oprruttnff rxprrwc*
Conducting transportation.
Motive power
..
Maintenance of oars
Maintenance of way
dC' eml expenses
Miscellaneous expenses
raxes
Total
Net earnings
Per cent expenaea to earnings.
83,336
100,869
84,500
1,473,862
267,851
84-61
SO'Sg
6(>4,0ai
76-71
THE CHEONICLE.
474
vanced stage of construction from the Rockies
INCOME ACCOUNT.
$
432,403
Keeeipts—
C.
& 8. bonds
'
"2,403
Total
JHfl/urFrntoils—
Interest ou bonds
Miscelhmeous interest
—
--
and discount
729,330
„„, nnn
4 212
45.%902
5,03S
169,056
78750
Keutais
1
Total
Balance, surplus.
285,962
146,441
.."*.'.'...."..'.'..'."
GENEBAL BALANCE SHEET JUNE
1891.
'$
$
InvestiDpnts' In otUcr companies
...-.Cash at bankers
Btores, fuel. etc.. on hand
onl'^is
>^s7ns
aa,ivo
64,776,850
3,071,530
50,200
190,245
649,193
109,422
422.044
25,740
67,194,794
Franchises and pmiierty
69,295,225
QS2
53,113,983
6,000
3,444.000
5,600,000
456,741
104,071
302,843
^^'mVlta
'
company
accounts due company
5i'^?i
Loans secured by mortgages
Miscellaneous
Total assets
Liabilities—
...-.-
First mortgage 6 p. e. bonds
Consol. istmort. 5p. c. bonds
Kevenue balance
Interest due and accrued
Sundry accounts due by company
•Trafllc accounts due by company
Wages for month of June
Xoans and 1)1118 payable.
Whar. Val. B'y construe, fund bal
do
do
Hancock & ra. RR.
Profit and loss
liabilities.,
1 <»
>ia
^^' 1
-Common -tock
Total
is'qsi
im'otO
iS7'nfi8
Biindrv accounts due
Preferred stock
628,891
100,439
30.
1890.
Traffic
to a point near
Spokane. The rails are down to McCarthysville, seven miles
$
west of the summit of the main range, and the steel will
G54.330
in November.
75,000 reach Kalispell early
Kentncky & Indiana Bridge— Lonisvllle EvansTille & St.
1890-91.
18?9-90.
Net enniings
Interest on O.
o
<
6 000
^r'non
I'^oOOOO
^'Q^fi'^02
ins 137
iftS'ioi
Tna'^on
IxT'oni
iui,.:u4
465,136
58,301
154,959
111,463
504,267
55,264
o^^'^afi
dJ9.0i!o
317,337
67,194,794
Lonis.-President D. J. Mackev, acting for the Louisville
St. Louis R. R., has acquired the Kentucky
Evansville
& Indiana Bridge over the Ohio River between New Albany
and Louisville, with all its terminals and equipments, including the suburban lines (13 miles of track) yards and shops at
Louisville, the New Albany street raib-oad and equipments
and the New Albany & Portland ferry line franchises and
boats, and the New Albany belt and terminal roads. The property is capitalized for $2,000,000 bonds bearing 5 per cent,
$450,000 sixes, and $2,000,000 stock. In the deal President
Mackey obtains 51 per cent of the stock in consideration of the
St. L. guarantee of 8 per cent on the minority stock
L. E.
and assumption of the fixed charges, which are $127,000. The
net income of the Bridge Co., including the rental paid by the
The propSt. L., is estimated at $230,000 per annum.
L. E.
erty is to be delivered entirely free from any floating debt,
and gives entrance into the large Union depot in Louisville.
Missonri Pacific— At the meeting of directors on Wednesday the quarterly dividend of 1 per cent was passed. The
statement of earnings submitted would have been much more
satisfactory if it had been given by months instead of for the
&
&
&
whole nine months from January 1 to September 30. As this
road is presumably in a position similar to the other Southwestern roads, it is probable that its earnings were meager
early in the year, and have been on the increase since July,
But as long as the management gives out no monthly earnings,
the public is liable to be misled constantly as to the company s
current business. The official statement submitted was as
69,295,225
131.51I9
147,6.57
GENERAL INVESTMENT NEWS.
circular to the
Atinlson Topeka & Santa Fe.-An official
per cent notes of
holders of the guarantee fund mortgage 6
that the guarantee
this railroad was issued this week, stating
for
fund notes issued Nov. 1, 1888, and due Nov. 1, 1891,
outstaiiding, are
S9 000 000, and of which $7,000,000 are yet
UDon an underlying lien to the general mortgage 4 per cent
Company of
gold bonds. There are held by the Union Trust
cent gold
New York as trustee some §9,000,000 of the 4 per guarantee
bonds to provide for ultimate retirement of the
fund notes. The directors of the Atchison Company believe
it would
that, with the encouraging prospects of the property,
be more advantageous to the company to defer retirement of
the guarantee fund notes two years, or until Nov. 1, 189-3, the
general mortgage 4 per cent gold bonds reserved to continue
with the trustee imtil required for purpose of such retirement. The company now offers to the holders of the guarantee ftmd mortgage 6 per cent notes the right of such extension at par, with a cash commission of 1 per cent, to be paid
by the company to such holders as will signify their assent on
or before Oct. 20. The notes of those holders who have not
assented to the extension by Oct. 20 will be acquired
and paid for in full on or before Nov. 1 by a syndicate, which
will extend notes upon the terms offered to present holders.
This probably means, briefly, that the managers believe
that in less than two years the Atchison 4s may be worth 10
per cent more than" their present price, and 10 per cent
on $9,000,000 will be $900,000 gain to the company. The circular will be found at length among our advertisements.
follows
To the Directors of the Missouri Pacific Boilicay Company :
Herewith is the Auditor's statement for the last nine
of the current year,
a 30-year 5 per cent debenture bond, dated SepThe authorized issue is $10,000,000, but only
$2,000,000 or $3,000,000 will be issued at present, and for some
time to come. The immediate issue is to provide equipment
and to lift a floating debt, incurred in the building of 90
miles of road a year or two ago at a cost of about $1,500,000.
This road extends from Pond Creek to Minco in the Indian
Territory. It was built for the Chicago Kansas & Northern
Road before its foreclosure. It is not a mortgage bond. It is
patterned closely after the Northwest debentures."
Denver & Rio Grande— Mr. E. T. Jeffrey, formerly General Manager of the Illinois Central, has been made President
and General Manager of the Denver & Rio Grande Railway,
with offices at Den'-er. The newspaper reports from the
West say " It is generally understood his election is due to
the influence of President Manvel, of the Atchison Topeka &
Santa Fe, with which road the Rio Grande recently made a
traffic alliance.
Under the new agreement the Santa Fe has
partial control of the Rio Grande, and one of the stipulations
of the agreement is said to be that no president or general
manager shall be chosen for the Rio Grande without having
received the approval of the Santa Fe." This is a fair specimen of the sort of reports that have been circulated about the
Denver & Rio Grande ever since the late president and gen
exal manager resigned. The Chronicle has the best of
reasons for stating that Mr. Jeffrey has been made President
only because he was a capable railroad man and would manage the property entirely in the interest of its own stockholders. The idea that the Atchison has partial control, or
that no president or general manager shall be chosen without
Its approval, is absurd on its face.
^?'t^rS?2
/,ias, -<»
$2,273,741
flurplus
Dividends received
Rentals received
81eeplng-car earnings
Sundry amounts
*?o?'j?a
H^'I'Ib
"-^W
23,5/0
$2,671,471
Total
Payment
007 70A
397,730
interest
^'^'SSo'S!!!
,X,'i.o,
Taxes
Rentals....
Sundry amounts
Refunding 2d mortgage bonds
^9,1'A^i
,^o',"rn
i.s.ooo
,.
2,731,404
f 59,033
Deficit.
Iron Mountain.
Gross earnings
Operating expenses
*?'S)^^'qJJ'
j,iov,mi.
$2,256,390
Surplus
Dividends received.
Sundry amounts
.
Anica
•12,163
$2,298,558
Total
Interest payments
„
Taxes
Rentals
Sundry amounts
Refunding C. & F.
§S'?!^?
39,102
$1,698,729
22/,i38
282 2j.8
yy,(00
66 1,370
bonds..
^„„
_«_
2,969,237
$670,673
the pajrment of dividends
^ST2"2ol
048.593
It is
1.
months
:
MissotJBi Pacific.
Deficit
Chicago Rock Island & Pacific—Dow, Jones & Co. say:
before
have been shown one of the new Rock Island bonds in Net deficit paid
Dividends
tember
September estimated
arosscarnings
Operating exiicnses
"We
proof.
[Vol. LIU.
1891.
:
$1,619,273
for this period
Fulton 7 per
the expenses of refunding $7,000,000 Cairo
cent bonds (which fell due on January 1 of this year) into
the new general mortgage 5 per cent bonds, amounting to
$661,370 37; also a similar charge for extending $3,573,000
Missouri Pacific 7 per cent bonds (due July 1) to 5 per cent,
Total deficit
The Auditor has charged against net earnings
&
amounting to $128,650, a total of $790,020 37.
While this operation results in an aggregate saving of
$192,000 in the future annual fixed charges, the mortgages
required the exchange of bond for bond, thus leaving this
expense a charge to be paid out of current earnings.
The almost total failure of crops in Kansas and Nebraska
last year, coupled with the low rates for carrying the same,
is the cause of the temporarily poor showing.
The present floating debt of the company is $4,481,347, and
would have to be increased if a dividend were declared. To
liquidate the same, whenever satisfactory prices can be obtained the company has available current securities as follows:
$1 ,000,000 Iron Mountain 5 per cent bonds.
3,000,000 Missouri Pacific 1st collateral trust 5 per cent bonds.
5,500,000 Wabash debenture
B
bonds.
*9,500,000
Our stockholders, in valuing their Missouri Pacific stock,
must not forget that for the eleven years during which }na,ve
acted as President it has never missed its quarterly dividend,
having paid $22,555,303, while during that period such a strong
road as the Lake Shore was obliged to suspend the payment
two
of its dividend from November, 1884, to February, 1887,
Great Northern.— The entire line of the Great Northern's and one-quarter years and Michigan Central from August,
xtension to the Flathead Valley and the Pacific is in an ad- 1881, to February, 1883, one and one-half years, and from
;
OCTOBBB
Fi'l>niary
THE CHRONICLE.
3. 18«1.]
Folmmrv,
1884. to
1887, tlireo yenr.s;
and Baltimore
Atchison, St. I'aiil and Union Pacilio suspended
nnd havo not y<>t resumed payment. WhiU^ durinu: the liwt
cU'Vi'u years dividend.s have l>een paid by this company, it him
expended in betterments and charged direct to operating expenses the sum ot f 1,038,7-17 40.
„ ,. .
*^
&
Ohio,
Jat Qould,
President.
T. S. Bullock and F.
40 Wallst., New York, the projectors and owners
Mexican Gulf Boacl, which haa recently
of the .Monterey
been opened throuph to Tampico on the Gulf of Mexico, have
had (luriuK the summer a thorouich examination made of the
I)roperty by Mr. Edward Bates Dorsey, the eminent railroad
export, and Mr. Cecil Gabbett, the former General Manat?er
of the Georgia Central RR. Abstracts from the reports made
Monterey & Mexican (Jnlf.-Measrs.
A. Wil
ler.'of
&
475
Jersey allows st<H;ks to bo divided inlo iirefurn-l. gi-neral. or
guaranteed; while New York diM'
i.uit. .V.nv
.•* York
Jersey allows the directors to
does not. New Jersey allowii r ,,
'"li/.c!,!
for any lawful businivis and they mi;.
,iisineswes; where.is in New York the c
:.illy
confined to one businoRH.
" In New JiTsey the dissolution of a corporation U Inflxpensive an I rapid; in New York it requires month* of tima,
and is vexatious and expensive.
" There are other minor advantages in the law of corporalions.
As to taxation, a decided pecuniary advantage is
olTored, and a comparison may bo of interest.
Asmme a
company of, say, $ 0,000,000 capital. Tiie incorpDr^tion fee
ill New York would be $13,500, while In New Jersey It would
only be $2,000. The annual tax in New York would be $15,O'JO; in New Jersey it would be $4,250."
Manv other points of advantage in the New Jerssy laws
have also been noticed in the Post of recent issues.
New York Central & Hndson River.— The report for the
quarter ending Sept. 30 (1891 l)eiog estimated) is as follows.
Rome Watertown and Ogdensburg is included in 1891, but
not in 1890.
l
..
.
bv these gentlemen will be found on subsequent pages of
issue of the Chroxicle, and will serve to acquaint tha
financial public with the present condition and prospects of
this roail. A trafflic contract has been made with the Mexican
National which will enable the Monterey & Mexican Gulf to
compete for business for the City of Mexico.
Arrangements are about completed for the shipment to
Tampico for Monterey of coal and coke to the extent of 8,00.)
to 111.000 tons per month. Machinery for the discharge of coal
at Tampico is in place, which will handle 100 tons ofcoal per Oroii.s earnlnn
Operating exyeiues.
hour. About 800.000 pounds of general merchandise from
New York to Montery was forwarded in the last two weeks. Net earnings
tliis
New Bonds &
Stocks Authorized.— This item
is
published
moo.
(1 p. 0.
1891.
(RMlmated
(Actual.)
9II,m0»,932
<61-21 p. c.) 7.617,416
$2,826,713
2,082,000
94,262,510
3.466,619
$744,712
894,283
(03-81 p.
First cliargcs
Dividends
i
$9,004,235
c.) 6,237,523
$1,795,897
894,2M3
Profit
to-day on page 484.
i
.
quar.)
New
Jersey Corporations.—Tlie
New York Capital In
dcf.$149,571
snr. $901,614
Biilanco
Evening I'ost of September 19, had an extended article showPhiladelphia & Reading. The statement for August and
ing how New York capital has been driven to New Jersey by
the restrictions placed on corporations by our New York State for nine months of the fiscal year shows the following:
" Public attention has frequently been
Dee. 1 to Aug. 31.—
Auaugt.
laws. The Post said
1880-90.
1891.
1890-91.
1890.
called of late to the large number of corporations owned by
Raii.road Comt'v.
$
$
$
$
New Y'ork capital which have been organized under the laws Gross receipts
1,821,703 1,983,773 14,9-12,1.58 1.5,531,565
936,657
8.608.620
870.283
8,399,220
of New Jersey to the great detriment of this city and State. Grossexpensea
For instance, among the companies so or.canized may be mon945,422 1,007,118
6,373,529
6,932..345
Net earnings
tionod the following, with the amount of their capital stock, Other net receipts
31,319
7,.503
308,126
327,773
—
,
:
namely
&
,
:
The Aiiiprlcan Cotton Oil Company
The American Tohacco Company
The ChleiCi) .Stock Yards Company
The Amcric;in Suear Rpflning Compaoy
The II. B. Clafliu Company
The Thiirber-Whyland Company
I'ark
.
$30,000,000
2,i,0>>0.iKm
l»,Oi)0,0()0
50,000,000
0.000,000
,
3,000,1100
500.000
11,500.000
50.000.000
5,000,000
Tiirovrt
The National Tube Works Company
Tlie North American Company
P. I.orillard Company
Tlie National Cordage
Company
Aiuerhan Hoda Fomitaiu Company
15,000.(100
3,7.i0,000
Tron- Directorv
TAi«n\ Electric
12,00(1,000
Company
Company
Unili'd Electric Tractlim Company
tinted Smeltine and KeflnlnK Company
United States Book Company
Amiilean (las Investment Company
TheCelluloiil Company
The I.ttho Carbon Company
The Proctor* Gainlile Company
1,500,000
7,000,000
4,000.000
976.941
1,014,621
6,771,033
7,200,123
Proport'n year's charges
21,663
598,304
53.171
620,749
486.980
5,386.542
5,.557,293
Total
Surplus
620,167
356,774
676,220
338,401
5,873,322
893,133
5,927,0.)4
1,747,847
Operating expenses. ...1.659,348
1,947,729
1,781,016
12.711.286
12,397.013
1.3,870,389
88,499
166,713
314,273
684,606
Colliery
Improvements.
Permanent improvem'ts
77,593
631,669
Proport'u year's charges
68,511
72,863
11,113
68,000
663,800
133,683
612,000
152,006
146,104
67,603 sur. 14,707
338,401
356.774
1,268,264
Bal. both corai)an'8.sr.299.169 8r.333.108
def.53.858
Total
Detiuet—
Permanent improvcm'ts
Coal & Ikon Co.
Gro.ss receipts
Net earnings
Deduel
—
369,761
1.333,068
13,185,733
616,595
3.2.50,000
The Penokee A Gos;ei>lo Consolidated Mining Company
The Union OH Company
50,200,000
6,000,000
5,000.000
4,500,000
10,000,000
5,000,000
Total
Dcf. of Coal & Iron Co..
Surplus of KaUioad Co..
1,411,483
95.3.991
726.877
898.133
1,333,080
Richmond Terminal.-The Richmond Terminal
sr.
Co.
606,193
is
pay-
few of the larger ones. The matter ing interest and rentals on the Danville system and Georgia
has been considered to some extent by legislative committees Central, amounting to about §600,000. President Inman says
in af desultory sort of way, generally incidental to some 'in- that the money was provided entirely out of earnings, but
vestigation,' but no very clear or distinct explanation of the that he has sold for the Terminal Company 2,000 shares of
evil has been given by any one, or any remedy suggested, Baltimore & Ohio stock at 97*^, which has been held as an
with the exception perhaps of what may be found in some of asset, as there is a good market for it and the directors au*
the testimony taken by the committees already mentioned." *
thorized the sale of it. The proceeds of the sale have been
Mr. William Nelson Cromwell, of Sullivan & Cromwell, used in part to reduce the floating debt. President Inman is
lawyers, at 45 Wall Street, said in reply to questions of a Post at work arranging a plan to take care of this debt which he
"
And
reporter
these are only a
:
" While
Union
it
is
the policy of nearly every other State in the
to encourage capital
and
to invite
new
enterprises
domains, the very opposite has recently become the
The result has been an enormous loss
attiui(le of this State.
in corporation fees, in annual franchise taxes and also in the
employment of our citizens in the varied occupations pursued
by these corp-irations. For instance, the amount exacted for
the mere privilege of incorporation is a heavy tribute, and
makes an important Inroad on the capital of the company at
the very outset, frequently some thousands of dollars. In
other words, the State compels the company to start with an
impaired capital by exacting an extravagant and unjust toll
»
»
«
merely for its certificate of incorporation."
" If then the corporate form is becoming universal, it is
more sensilile to recognize and regulate it Many States, such
•8 Connecticut. Kentucky, Illinois, Virginia, Maine and New
Jersey, have framed their laws so as especially to invite capiIn New
tal and draw it from New York.
For illustration
Jersey alone in the last two years there have been organized
1,626 corporations, with an aggregate capital of over $000,000,000, and covering every kind of business.
In 1890 alone
925 corporations with a capital of $401,925,125 were organized
in New Jersey. The greater part of these would have been
organized under the laws of this State if our corporation laws
haA been reasonable. This indicates the loss to the State that
is going on daily.
" What has attracted such vast capital to that State?"
" The sensible and fair laws which it has enacted. Thechief
advantages are that New Jersey expressly authorizes one
corporation to own and hold the stock of another, while New
York does not, save under unsatisfactory limitations. New
within
its
.
:
expects to complete shortly.
Union Pacillc—The plan to extend the floating debt of
the Union Pacific Railroad was formally declared operative
by the committee of creditors on the 28th. That committee
consists of J. Pierpont Morgan, John A. Stewart, Edward
King, F. L. Ames and Alexander E. Orr. Mr. Morgan, the
chairman of the committee, announced that all of the $5,500,000 of the new trust notes offered at public subscription had
been taken, and the sutwcription books were closed. The subscriptions received for these notes aggregated $6,200,000. _ The
work of settling with the floating debt creditors by giving
them the 6 per cent three-year notes will now proceed without
delay. Nearly all of the creditors have agreed to accept the
said notes at 92J|) surreniiering their present notes and collaterals.
The new tliree-year notes come on the market as a shorttime security, secured by a very heavy amount of collatera,!
and as such will invite the attention of buyers of that class of
bonds. A full list of the collaterals was published in the
Chronicle of Aug. 29 on page 290, and next week we shall
probably be able to give an abstract of the deed of trust.
—The
Comptroller of the City of BufTilo will receive proto Wednesday noon, the 7th inst., for $150,000
twentv-year refunding bonds, bearing 3\4 per cent interest,
payable in Buffalo, or at the Gallatin Bank in New York.
Further particulars will be found in the advertisement in another column.
—The City of Springfleld, Mo., invites proposal.s up to the
20th inst. for $50,000 of 4^ per cent sewer bonds. Particnlaia
as to the issue may be founcl in our advertising columns.
posals
up
THE CHRONICLE.
47«
^n&
%tpaxts
[vou lm.
P0CttmeiitB.
CENTRAL RAILROAD COMPANY,
ILLINOIS
ENDED JUNE
REPORT OP THE DIBECTORS TO THE STOCKHOLDERS FOE THE FORTY-FIRST FISCAL YEAR,
30, 1891.
this Company has leased from the Dubuque & Sioux City RaiiIn order to simnlifv the accounts and to reduce expenses,
Falls & Mmnesota Railroad, 76 miles in
roid Comoanv its railway 524 miles in length, together with its interest in the Cedar
reserving the right to terminate the lease on short notice.
leneth. forTterm of sixteen Tears from July 1, 1890,
The onlr liabilities assumed by the Illinois Central Railroad Company are to operate and maintain those railways and to
continuance of the lease, their net earnings based on an agreed divinav to the Dubuque & Siou.t City Company, during the
for all betterments as they are made.
sion of through business. The lessor is to provide funds
ended Juno DO, 1831, from 2,875 miles o{ railway, has been
911111 received by this Company during the year
In the year previous the receipts from the same 2,875 miles of railway were
$17,881,554 72
16,452,022 37
The gross
Mailing an increase in the gross receipts from
$1,429.532 45
traffic of (8-09 i)er cent)
of operation and taxes during the year ended June 30, 1891,
the preceding year to
The expenses
And in
Making an increase of (14-41 per cent)
The earnings from traflic, being the sum remaining
taxes, have been during the year
the preceding year
ended June
after deducting
amounted
$12,761,046 37
11.153,419 91
to
-
from the gross receipts the expenses of operation and the
$1,607,626 46
^=^==^
$5,120,508 40
5,29 8,602 41
30, 1891
And In
Making a decrease
$178,094 01
of (3-36 per cent)
The available sum from all sources has been
Surplus Divideni Fund, as declared In last report
Interest on Bonds in that Fund
:
$211,037 35
8,520 00
219,557
5,120,508
34.904
1,154,589
Traffic
Lands
Miscellaneous
profits,
and income from investments
35
40
61
52
$6,529,559 88
From
this there has been paid
Interest on Funded Debt and Bonds drawn under the Sinking Fund
Rent of the Chicago St. Louis &New Orleans Railroad
Bentot Dubuque & Sioux City Railroad
:
$1,512,425 00
1,727,039 32
829,169 51
4,068,633 83
Leaving
Out of which there have been taken the dividends payable March 1
5 per cent on $45,000,000
There has been carried forward to Surplus Dividend Fund (invested
1952), and set apart as applicable to future dividends
$2,460,926 05
(3
per cent) and Sept. 1 (2 per cent), 1891,
2,250,000 00
in Illinois Central
4 Per Cent Gold Bonds of
$210,926 05
The continued increase iu expenses is due to a strict adherence to the higher standards of maintenance adopted last year
to ttnhance payments for wages and allowances for overtime to increase taxation, and to better, faster, and more frequent
service rendered to the public.
The failure of the majority of stockholders to subscribe for the shares offered to them last autumn entailed the necessity
of carrying a floating debt, the interest on which further diminished the fund applicable to dividends. This also delayed
work on improvements needed for the economical handling of the increased traffic.
The average rate per ton per mile received for the transportation of freight has been 934-1000 of a cent, as against 9531000
of a cent in the preceding year and 94-100 of a cent in 1889. While this shows a diminution of 19-1000 of a cent, it can hardly
be said, on this railway at least, that rates have been reduced during the past year, the rate on the aggregate tonnage being
lowered by the largely increased amount of coal, lumber and grain hauled long distances at rates below the general average.
This decrease, although small in itself, corresponds to a loss of $343,213 in revenue.
This losses by fire have been unusually severe. Although the amount recovered from the insurance companies during the
past year has exceeded the premium paid for three years' policies for the insurance of upwards of twelve millions of dollars
of property, it fell short of the losses by |38,800 33.
*''® ^'*'^* Revenue of the Illinois Central Railroad paid to the State of Illinois in lieu of taxes, amounted
.
.Jo'?.®n?nTi"^"S? "f
largest sum heretofore paid in any one year was $496,489 84 in 1865, when the average rate of freight was
.
o ^r, AA
8 13-100 cents per ton per mile, or more than three times that now in force.
Taxes on the leased lines and branches have also been greater than ever before, amounting to 8349,730
81, being an
^
mcrease of $43,411 79 over the sum paid in the previous year.
The increase in the rent of the Chicago St. Louis
New Orleans Railroad is more apparent than real. The $130,700
interest on the Cairo Bridge Bonds reverts to this Company
as part of its Income from Investments.
The $37,655 83
Premium w due to the payment in Sterling money of 368 New Orleans Jackson
Great Northern eight per
f^J^o,
cent Bonds of £22i (approximately $1,100) each, which have
always stood on the books of the C. St. L.
N. O. RR. Co. and
;
;
^®
•
.
'
&
&
^^In
&
The$l,480,000N. O.J. & G.N. eight per cent Bonds outstanding June 30,
?8<^ MiTP.*A^f'^h*'f'ifion^^''',l^'"*'°u*''°''*°<l.^"*^e been funded into Five per cent Bonds.
.^*"'
The interest due December 15, 1890, and June
IK 1S01
?K 1
I'
u
'' ''"' "^^ °°'°'''' '' ^^' "'^ '''' "^'^^ "^^ "'''' ^°°'*^^''^ '^"' '"" '"^ ^°^"itfg year'
M
'
^11 be ap^ro^mately
|u645.m
PomnMp,'tf.II.*,?„^3/''P^*fu'°°'
&
*^? completion of the Chicago Madison
Northern Railroad was again delayed by fresh
but since the close of the fiscal year all nicessary contracts have
""''""^"^"^^^^
h^^n'^exe, tPd and the tracks are
been executed, nnH^hf,'' if
hilt
now connected and
in daily use.
to other Companies of upwards of $70,000 for the use of their tracks,
^''''°^^ ''"''"i '^"^ injured by reason of a train of another Company running into
aWntn fJn UvLT^ required the
direct
payment
the rear 0^00! of pur n««^nf°^^-^^'1.-? on the
ot one
of,fpassenger' trains while
track of that
*
ally
increS.''"^
"^
'"
^^"^ °'''®*°' ^""'^
Com'^Lv^'and i?«'3nnw''\ ^®'I'°'T
paT^ent7o°/sWnln!t'V^rL!;'^''°'?'°
SSorthe highest standard
^^'''^
Company.
renewed for a term of twenty-flve years, and their extent materi-
°'^°®*^ •'""'•y ^'th the
Pullman Company, 4 were burnt,
1
was purchased by
this
and a new one entered into, under which the
™"^' ^^^ PuHman Company agreeing to furnish
^^""^P^"/ ^'^ .^^^° abrogated by consent,
'^
''^°'' ^° '""' '=^°'^
P"
vestibuled passenger train in each direction have been placed in daily service between
ChicL!MnTNLw"oHpn^a'^!.*iTtL"'""^'^
.me between those cities reduced from thirty-five to twenty-nine hours. The
gain^,^,^en.feTS^^nTJ^?uUv?^^^^^^^^^* the furnishing
of this and other improved passenger service.
For advances mldp 5f t^^^^ k
* Sioux City Railroad Company during tiie past year there have been received $336.000 of the 5 D^r
n*^"^
Company. The attention of the proprietors is invited to the Report of that Company sub-
4Sn^« nAw
mitted herewith
^main unsom 1|!1,437,000,
rem^n''unMW*«l**^VMM? of »ww?*'"^^u P®'', '"'"* ^tol Bonds of 1963 to the amount of $1,818,000. Of these Bonds there
which there have been set apart for Surplus Dividend Fund
$310,000, and to the Insurance Fund
1
As shown
in greater detail in the
accompanying
tables, the
outlay on capital account has been as follows
THE CHRONICLK
OOTOBRit, 8 i8«l.J
47/
IlUnota Osntral Riitlrowl
CbloMO 4
SpriiiKtIi'Ul
Kankakee A
Buiilb ChlcuRn Kallnmil
Bantoul Kiillroad
ClilriiKiP
93.a«U,'J
H'4
H7(» -i?
.<i
;•
t.^
WW 35
Railroad
stoiiiliwiniiMn UBllroaa...
•;,•••.
•
Havana & Woatoiu Railroad
Madison* Norlherii Railroad
4,0*7 83
i....i
OOO
87B
'
•
t
'.
;...
ChU'uito
Ouutoii ADurdeeu
287.fl»l
;
A Nashville Railroad
Yhzoo & MlBslMlppI Valley R-illrond
CliloogoSt. Louto i Mew Orleans Railroad
0.7
(ti
7«
731 ia
4,7>'7
tfl
277,6«a
Or»
$8,141.90404
The litigation which has been pending with the Baltimore & Oliio Railroad Company for six or seven yeirg. c ifTiiina'
lands and tlie use of tracks in Chicago, having resulted in a Hiinl jud«inont favoralile to your Compauy, ixisspsiion wj- takeo
Tlio Rround rents have been coll"cted witn iiucreKt, anu iiie Baiiiuiorei Oliio Cumpany are now ofxiipying
in April last.
other lands of this Company and usini; its tracks under a tpni|>orury arranKeinent at an enliauotxl r<nt. The land in conOhio Company in 1874, lies in the middle of the Terminal Freight Yard in
troversy, wliich was rented to the Buitiiuore
ChiiaKo, and it« recovery mal' 3 it now possible to remodel that yard so as to liandle cars and merchanJisf with ocumr.ny
and di-spatch. This, in connection with the new yard at Fordham, referre<l to below, will enable the Company to h indh- the
Freight Traffic incident to the World's Fair to be held in 1893, without regard to wliether its righta to mak? addiiioaal land
on the Lake Front be determined in the meanwhile or not.
In tiie report, for last year the opinion was set forth ''that cjujpetition am jnx Western Rail ivays. whi'-h 'lai heretofore
been almost entirely on the line of a redujlion of rates, is coining to b?, as in Qreat Britain and the Eist.'ru S'.a:ei), ouu of
adequacy and frequency of service, and that, in such a strugKh;, success lies in furnishing the best s-^rvice."
Fully impressed with this, your Directors have not hesitated duriui< the past year to spend lar>;e sum» in hitlaslliix the
rail<vay, and in enlarging and re-arranging terminal facilitius and in buyiux additional motive power and equipment.
A
commodious and tasteful station has been built at Memphis, and the entire yard is being reaiotleli'd. The purclla^es of fal
estate for a passenger station at New Orleans have been completed, and the erection of a building has l>fen a.vaiiing the
passage of the necessary ordmances for the occupancy by the Company of certain streets. Since the tlose of the ti^cal year
Work on the passenger station at Chicago was deloyed by i'>iig
these ordinances have been obtained and work commenced.
and fruitless negotiations touching a compromise of the controvertiy couooming the right of the Company to reclaim from
Lake Michigan the submerged lauds lyiu^ between the prolonijatiou of Ran lolph Street and of Park Rjw. Srjce the failure
of those negotiaciens an agreement has been had with the Michigan Central RR. Co., which owas an uadivi led half interest
in the site of the old passenger station, for the erection of a new building thereon.
With a view to relieving the congested condition of thn Company s tracks and yards in and ab;>ut Chicago, some sixty
acres of land at Fordham have been pu'-chased and are being converted into a General Yard for the handling and dis'.ribution
This will reduce the outlays now made for delays to freight a id overtime to men. Thi Fordham Yard lies
of freight cars.
midway tietween Burnside and Grand Crossing, within two miles of the site of the World's Fair, an 1 will prove of great value
during the next few years. Indeed, it is hardly conceivable that during the tinio of the Exposition the busine.is of this company could be carried on without such an accessory.
In the matter of the litigation concerning the lease of the Cedar Falls
Minnesota Railroad to the Dajuque & Sioux City
Railroad Company for the term of forty years from January 1, 1807, which was on Septemb-^r 13, 1867. assumed by the Illinois
Central Railroad Company in leasing the Dubuque
Sioux City Railroad for a term of twenty years frooi Oetot)er 1, 1867, the
Circuit Court ot the United States has caid that
" The reasonable interpretation of the instrument of September 13, 1867 (the lease of the Dubuque
Sioux City Railroad
to the Illinois Central Railroad Company), taking into view its words and the circums'.ances attending its execuiion, is that
the Illinois Central Railroad Company, so long, and only so long, as it retained the Dubuque Road as lessee, would meet the
obligations imposed upon the Dubuque Company in respect to the lease of the Cedar Falls Road.
And this construction is in
nowise affected by the indorsement over the signature of the President of the Ce.lar Falls Company on the bonds secured by
the mortgage of 1866. In respect to that indorsement it may be said that it does not impose any oidigation upon the Illinois
Central liailroad Company, even by way of estoppel. There was no act upon the part of that Company in respect to the bonds
or that indorsement from which an estoppel could arise. The indorsement was not made at the inhtance or by the direction of
the Illinois Central Railroad Company. So far as the record shows, it was entirely the work of those interested in the negotiaI'he facts set out in the indorsement are true.
tion of the bonds secured by the mortgage of September 22, 1866.
But if the
parties making it, or causing it to be made, omitted to state the additional fact that the very instrument containing the
assuuiptionof the lease of the Cedar Falls Road expressly provided for the termination of the lease of the Duriuque Road at the
end of twenty years, at the pleasure of the Illinois Central Railroad Company, the responsibility for sujh omission is upon
them, and not upon the latter Company.
" The result is, that as the rentals due the Cedar Falls Company up to Octotier 1, 1887 on which day its road was surren
dered to the Dubuque Company were fully paid by the Illinois Ceniral Railroad Company before the commen :ement of this
suit, there is no ground whatever for a decree against that corporation.
As to it, the original suit must be dismissed witn costs
against the plaintiff."
This fully vindicates the position taken by this Company, as set forth in tb"j Annual Report for the year ended December
31, ISiiS, in the following language:
'The assertion tiiat the Illinois Central ever undertook in any way to pay those bonds, or the interest thereon, is without
foundation in fact. Such bonds were issued on or about October 1, 1866. Oa May 25, 1870, the President of the Cedar Fal's
Minnesota was authorized by that Company to make an application to the New York Stock Exchange to place such bonds
on its 'regular call.' Without previous notice to the Illinois Central, or any subsequent ratiticatiou by it, an enlorsemsnt was
placed on a portion of such bonds in the following words:
" The lease ot the Cedar Falls
Sioux City Railroad Company, referred to in
Minnesota Railroad to the Dubuque
the within bond, has this day been assumed by ths Illinois Central Railroad Company, and the minimum rent wuich that
Company has thereby become obligated to pay in monthly instalments is more than sufficient to meet the entire amount
of interest on this issue of bonds.
>
&
&
&
:
&
I
—
—
&
&
&
'
" 'John
"
'
President Cedar Falls
S.
Kennedy,
& Minnesota Railroad Company.
" •
Tokk, October 1, 1867.' "
Court further held that the lease of the
New
The
Cedar Falls Railroad, executed September 27. 1866, is valid and binding upon
Ihe Dubuque & Sioux City Railroad Company.
Appeals have been taken to the Supreme Court of. the United States by both
he Dubuque Company ana the Cedar Falls Company.
The negotiation by the Government of the United States of reciprocal treaties of commerce with Spain in regard to the
nuie with Cuba, and with various S )Uth and Central Am-'rioan republics, excited such widespread interest and openetl the
>o88ibility of such an exteuded commerce tjetween the food-producing and m^uiufaciuring districts of the Upper Mississippi
/alley and the countries lying south of the mouth of that River, that your Directors thought it wise to send Com.nissioners to
^ba, Mexico and Central and South America. Their reports indicate a general desire to trade with the United States, and
specially to do so on the direct line. The advantages of this route are shown by the fact that while the distance by rail from
ii'ago to New Orleans (915 miles) is almost precisely the same as that from Chicago to New York, the sailing distances from
V Orleans to port* in the Gulf of Mexico and the Carribe.\n Sea are very mujh less than from New York and other At-
I
auiic ports.
During the past year tliere was formed an associatioa of fifteen railways, under the title of the "Western Traffic Associaion," the cm'.rol of which is vested in a joint committee of conference, consisting of the President and one Director from
»ch Company, named by its Board of Directors. The Illinois Central Railroad Company, by a resolution of its Board, became
member of that Association, the influence of which has already been widely felt for good. The method of its organizdtion,
•a purposes, the position and character of the memtwrs of its contndltng Board, and the fact that the administratiou iu mat.ita affecting the maintenance of agreed rates and kindred subjects is vested in a Commiisioa of five disinterested and experioced men of high character, give the l>?st augury that it will continue to exercise a salutary and conservative influence. This
Jsociation has gone further than any other heretofore formed in recoKuiziug that the responsibility with regard to rates, aa
"ell as the power of making them, is vested in the Boards of Directors of the several Ckimpanies, and in acknowleding the
lecessity for separating the^wer of making rates from the businessjof soliciting freight.
I
]
f
the Bve lullUoin of^doll irg of Block offcrc-d to the nhareholders forkubscrlptlou oo Nov.
Uic tlseal year there were sold
from this souree previous to June 3041H91
•uriiig tlie rimaiuclir of
the reiiiaiiiilir
•t»klnK|the]t<uiii realizcu
.laklOKltlieJfUiii lealizcu
;
1
F"in<;nvinHHn|th(<'tr*»sury of* tho Company JuneJSO, 1891
wblcli there bare been lold siaee the close of the tUoal year..
r
I,
1800, there were taken
$5S5.450i
J
MB
'.-o —.
»l.40g.«76
*'**•'''**•*;
THE CHRONICLE
478
IVOL. LIU.
with accompanying
tf„^ti^„ nt th.. Sf ookholders is invited to the Report of the Vice-President
tho^ of the General Manager and of the Traffic
Vi" President,^^
Ab8tr^tf^d?othaf^
;
than is here practicable the results of the year's business.
Balance Sheet and
Manager,
rrv.
th^Snd'
wWcSe^ greater detaU
-^ NEW
YOKK, September
By
order of the Board of Directors,
ALEXANDER
G.
HACKSTAFF,
Secretary.
16, 1891.
GENERAL BALANCE SHEET.
Abstract.
Northern Lines.
Road and Equipment, Illinois Central KK
"^
Chicago &BrrinKflcld KB.....
'
•'
Kankakee & Southwestern KK
A
A
A
A
-
Chicago Madison
••
& Northern BK
Southern Lines.
Lom,& New O^^^^^^^^^
Canton Aberdeen & Nashville KB
Yazoo & Mississippi Valley EB
Boad and Equipment, ^icago
A
<<
'i
St.
"
Cairo Bridge and Kentucky Approach
A]
$54,680,445 14
38,399,059 24
$11,078,786 03
9,479.600 00
-
EantoulBB
I
80
35
00
06
49
89
55
$28,210,570 25
3,324,537 76
1,902,323 76
2,,^18,621 47
2,643,000 00
--South Chicago KB....
Chicago Havana* Western BR
"
«
"
A
A
A
$39,108,144
1,600,902
1,433,738
235,079
1,801.775
573,879
9,926,925
20,558,356 03
958,214 40
B
C
D
Material and Supplies.
Stocks Owned
T
Assets in Surplus Dividend
Assets in Insurance Fund
Bonds Owned
$210,926 05
5,326 01
Fund
216,252 OS
$114,812,356 87
Abstract,
"it
i
(ft!K
r
$45,000,000 00
Capital Stock of Illinois Central BB. Co
Funded debt of Illinois Central BB. Co.—
6 per cent Pteiling Bonds of 1895, iSoOO.OOO
6 per cent Sprinpflelrt Division Bonds of 1898.......
5 per cent thinking Fund Bonds of ia03, £740,000.
5 per cent Steiliug Bonds of 1905, £200.000
per cent Middle Division Bonds of 1921
5
4 per ci nt First Mortgage Gold Bonds of 1952
$2,500, 000 00
1,600, 000 00
3,700, 000 00
1,000, 000 00
968, 000 00
1,,500, 000 00
15,000, 000 00
2,499, 000 00
5,266, 000 00
percent Gold Bonds of 1951
3H. per cent First Mortgage Gold Bonds of 1951
3H per cent Sterling Bonds of 1950, £1,053,200
4
I.HL
$34,033,000 00
1,000 00
Past Due Bonds^
1
I
I
K
Leased Line Stock of Illinois Central BB, Co
Funded Debt of Chicago St. Louis & New Orleans BB. Co.
7 per cent Bonds of 1897
6 per cent Bonds of 1907
i;v;'iVri-„-AX'«.A
$16,542,000 00
5 per cent Gold Bonds of 1951
Less owned hj Illinois Central BB. Co, and pledged to
2(i0, 3'fl per cent Sterling Bonds of
secure £1,053,
^
„„„„„
5.266,0 00 00
1950, shown above
$1,372,000 00
80,000 00
11,276,000 00
3.324,000 00
2,643,000 00
of 1951, Memphis Division
5 per cent Gold Bridge Bonds of 1950
4 per cent Gold Bonds
f I"
$79,034,000 00
34,034,000 00
$10,000,000 00
$18,695,000 00
6.000 00
iPastDue Bonds.
28,701,000 00
18,701,000 00
1.417,138 57
Net
Liabilities
Profit and Loss
Set apart to provide for Dividend payable
Surplus Dirtdend
Ineurauce Fund
4,.543,966 24
September
1,
900,000 00
1891..
$210,926 05
5,326 01
Fund
216,252 06
$114,812,356 87
I
ABSTBACX "A"—PERMANENT IMPROVEMENTS CHABGED TO CA PITAL.
$80,793 41
Way lands acquired
211,1(!7 71
Station grounds acquired.
132,344 58
5,887 07
Buildinips.
o
Water Wor
Works
294,367
13,132
186,847
64,i26
34
586
27,436
880
Sidings
Widening roadway.
Ballasting
Fencing.
CatUe guards and ciossings.
ficction houses.
New tracks, 7 and 8, from 53d to 67th streets, Chicago
Kewmain track froin Peotone north (on account)
Filling at Weldon
Filling at car works
Approach to Cairo Bridge, Illinois shore
New telegraph Ijctween Cliicago andNew Orleans, 1 wire
"
*
"
$238,344
236,814
20,998
169,128
23,243
26 10-whcel passenger and freight engines
2 consolidation freight engines
21 6-whecl switching engines
Air and dilver brakes, 37 engines
'.'.'.".'.'.'.
Passengtr Cars, 40 day coaches
"
24 suburban coaches
"
"
6 postal cars (60 feet)
"
"
10 bagKiigecars, balance
"
"
1 business c.ir
"
"
vestibullug and gas, 10 new coaches..
"
"
vesUbuling 5 baggage cars
Freight cars,
"
"
'.
."."
'
"
...'..'..'..'.....
1 ,250 coal cars, with air brakes
53 furniture cars
air
New
brakes ou 195 freight
shop machlniry and
69 ballast cirs and plows
07
80
05
92
49
$200,063 47
73,680 00
23,005 37
21,231 99
11,58698
12,897 04
3,(372 06
.$654,266
694,469 73
00
2,000 Oi>
15,00011)
6,!;00
ditching inadilne
snow excavator
Independent entrance into cliicago
pur track to AUdiron, Ul
352,73691
23 098 97
82,40000
tools.
1 tteani shovel.
1
688,52933;
8,=
29,759 99
10,442 88
oar.^
10
68
53
13
1,327 96
286 68
8,383 02
31,380 33
,
Looomo Uvee, 25 8-whecl passenger engines
71
49
04
90
(C.
M.
AN.
BR..
«okQ 'i-Vft Vi
..'.'.".'.'.".'.'.'.'......'.......'......
1*567
2
267,937 67
$3,141,80494
October
8,
THE (mRONI€LE.
1891.]
479
ABSTRACT "B/'-WOHKIHO 8TOC1C OF 8DPPLIK8.
m,*m 48
Trnnnportntlon I>i>imrtm«nt
Koiid I)i*partnient
Miii'liiueiy
4H8,1A3 KS
887,34A
5,308 20
n
Dupartment
SliKlouory
|»68.ai4 40
ABSTRACT
" C."-8TOC!K8
OWKED.
Par
Central KR. Co. Stock aud Scrip
Lc»f<ea Line Stock, I. C. RR. Co
Value.
Book Tatue.
Illinois
00
00
25.000 00
25,000 00
7,917,800 00
7,700 00
1,000,000 00
7,500 00
92,40000
800,000 00
5,000 00
43,700 00
18,825 00
1
St L.&N. O. RK. Co
Cblcavo & SiinnKlli-ld RR. Co
Mound City KR. Co
Dubunup A Sloiix City RK. Co
Iowa PmIU a Sloiix City RR. Co
Dunlcith A Dubuque Bridge Co
HoiK> Oil Mill t'onu>re«8 & Manufacturing Co
Iowa Land A- Loan 'o
1
,()0u
10,'2O0
C.
MlKslsslppI Valley ('o
Holly Hpiiuga Compress & Manufacturing Co
MlH-sWlppI 4Tenuc88ce RR. Co
AUiiueUaueuus
93,503.335 00
11,000 00
10.300 00
25,000 00
3,000 00
6,954,664 83
3.8.V)
CO
1,373,990 20
5,750 00
02,400 00
47.000 00
5,000 00
43,700 00
600
$1 ?,067,350 00 »11.078,78a Oc«
ABSTRACT "D."- BONDS OWNED.
Par Value.
IlUnols Central RR. St«rllnK SinkhiK Fund Bonds
lUlnola Central l per ceii". (iold Bonds of li»52
Clileago Ht. Liiuia A New Orleans RK. Co. Gold .58 of 1951
Clilcaeo St. Louis & iNew Orlean.s KR. Co. Gold 5 per cent Bridge Bonds
Cbicago St. Louis * New Orleans KR. Co. Memphis Division 1 per cent Gold
Mississippi Central Second Mortgasre Bonds (pust duo)
Dubuque & Sioux liiy RR. Co. Gold 58 of 1838
River View Hotel Co. Bonds
$7.O00
1,222,000
62,000
2,643,000
74.000
^
Bonds
of
1050
GiiO
Book Value.
00
00
00
00
00
00
$7,000 OO
],222,f>00f)0
62.000 00
2,643,000 00
74,000 00
600 OO
1,531.000 00
10.000 00
$5,549,600 00
Bonds Pledged, sec Abstract " K."
Cber.ikee & Dakota RR. Co. 5s
Cedar Rapids & Chicago RR. Co. 58
1P3,100,000
830,000
1,531.000 00
10.000 00
$5,549,600 00
3,930,000 00
$9,479.600
0))
3,930,000 00
$9,479,600 00
ABSTRACT "E."—ASSETS AND LIABILITIES.
$1,193,125 42
Cash
Bills receivable
C. St. L. & N. O.
$490,004 27
2,678 79
94.998 43
RR. Co.— Account Cairo Bridge.
Miscellaneous
587,771 49
$1,780,896 91
LlABIUTIEB.
Bills
payable
Coutious due July
$2,436,153
213,887
200.000
78,985
1891
Rent due July I, 1891
Dividends overdue and uuiiald.
Coupons and
Net
Liabilities
Net
1.
Chicago
64
30
00
80
$2,929,026 94'
269,008 54
office.
$3,198,035 28
$1,417,138 57
Liabilities
ABSTRACT "F."—[SEB KBXT PAGE.
ABSTRACT "H." -INCOME FROM INVESTMENTS AND MISCELLANEOUS PROFITS.
Dr.
$33,587 65
Interest on money loaned
Interest on Dub. & 8. City RR. Co.'s notes..! 16,000 00
Cr.
$183,244 28
Interest on bills payable
$49,587 65
ISTEHEST ON BONDS—
340 73
c. sinking fund bonds.
4 p. c. gold bonds. 1952. . 117,910 96
324.31>S 75
N. O. RK. 5 p. 0. gold bonds.
bridge bonds
130,700 00
Do.
IlUuols Central 5 p.
Do.
C. St. L.
&
Do.
K. O. J. & Gt. N. RR. 2d nitge. bonds
D. & S. C. RR. Co. 5 p. c. bonds, D. & S. C.
D. & S. C. RR. Co. 5 p. c. bonds, Cherokee
160 00
Expenses
0,650 00
155,000 00
& Dakota RR. Co
D. A 8. C. RK. Co. 5 p. c. bonds. Cedar
41,500 OO
Rapids & Chicago RR. Co
D. & S. C. KR. Co. on account Interest accrued prior to July 1. 1890. on bonds of
139,549 17
C. 4 D. and of C. K. & C. RR. Co.'s
New Yobk Office—3
Salaries
71,762 86
Expenses.......
980,129 61
Interest on bonds of subsidiary
lines pledged to secure $15,000.000 III Cen. 4 p. c. gold bonds of
lU.5-.i— $16,340.1 00 5 p. C.bonds.$8l7.500
Less interest collected irom D. &
8. City RR. Co. as aboveOn Cherokee & Dak. RR. Co.
f
bonds
Ced. Rap. i Chic
KB. Co. bonds
$155,000
On
41,500
196,500 621.000 00
10,U00 00
Bonth Chicago RR. 5 p. c. bonds
Interest on Canton Abcr. & Nash. RR. Co.
12.900 00
note given for bonds canceled.
—
DrviDKSDS ON Shares—
Illinois Central RR. Co. stock
Dubuque ABloux City RR. Co. stock..
* N O. KR. Co. stock
I Chic. St. L.
Dunleith Sc KUbuque Bridge Co. stock.
Iowa Laud & Loan Co. stock
Mississippi Valley Co. stock
643,500 00
|643,500|IQ
Fixed charges of snbsldlary lines written off.
Bklttooe, representing net incomejf rom Inprofits....
i^yestmeuts^and miscellaneous
1,154,989
|
358,969 34
PnoriT—
Sterling exchange
Net premium on bonds sold.......
Suuary items
..
20,910 04
2.0^3.09664
$2.O5S.00«l
6*
THE CHRONICLE
480
ABSTRACT
••
F."— APPLICATIOlf OP IITCOME.
«^'"%^'^?.^«re^on¥^100o'S?'cenS'^
of 1952 in tbat Fund AprU
IS SoSthB- iSteJert ol l-nsiSoO nuSols g'eptrtl 48
Wot Hecpiots durlnsr the year ended June
30,
1891—
[Vol. LIII.
i
^^omthl Deration It the BaUway, as shown in Abstract
IJSS * ve'^stmeS.f Snd msbeWan^bui Pr^^^^
,,
1.
$211,037 35
4,220 00
4,300 00
1891.
r »
L."
$219,557 35
$5,120,508 40
34.904 61
1,154,589 53
6,310,002 53
$6,529,559 88
00
00
00
00
00
00
600,0<iO 00
87,465 00
184,310 00
$150,000
96.000
186.250
50,000
48.400
60.000
Bonds
^'octol^1-?"l890: and April 1,1891. on 6 per oent Sterling
Bonus
JamiM^ 1 and July 1, 1891, on 6 per cent Springfield Division
per cent SteTling Smldue Fund Bonds
Ootobl?!. 1890. and April 1. 1891. on 5 per_cent 8t-erl,ng I oiuU
1890. and'june 1,.1891, on 5
D^Smberl,
Middle Divkion Bonds
August 1. 1890. and February 'l,.1891. on S^per cent
trua%V> and J^'y 1. 189Ton 4 peV^nt First Mort«^ Bonds of 19o2
per cent Gold
October 1, 1890, and April I, 1891, on 4
Bonds
January 1 and j\Uy 1, 1891, o.i 3i, per cent Fir»t Mortgase
January 1 and July 1, 1891, on 31* per cent Sterling Bonds
.
.
.
.
niinois Central 5 per cent Sterling
Sinking Fond Bonds
of 1 903
Second Mortgage Bonds
50,000 00
^"october^i', ^SOO^'iiSiiJ^st on 8 per- cent N. O. J. &
Mort.
NoTembc^ 1 1890. and Mav 1. 1891, Interest on 7 per cent C. St, L- & N^ O. First Mort Bonds.
N.
Bonds.
Second
December 1 1890, and June 1 1891, Interest on 6 per cent C. St. L. & L. O N.
& O. Gold Bonds
npcember 15. 1890, and June 15, 1891, Interest on 5 per cent C. St.
'9 1, Intereston 4 p.c. C. St.L.& N.O., Memph. Div^ First M. Bonds.
December 1, 1890. and June 1.
December 1 1890, and June 1. 189 1, Interest on 5 p.c. C. St. L. & N.O. EH. Cairo Bridge Bonds. . .
c
For account Contingent Fund Cairo Bridge
-^-uv-Ai-v
January 1 and July 1. 1891. Interest at 4 per cent on Leased Line Stock
Gt. N.
•
$59,200
96,110
4,800
826,200
130,000
130,700
49,300
400,000
27,656
3,073
.
,
,
.
•
.
f
1,462,425 00
drawn for payment
Sterling Exchange Premiums
Salaries of Trustees and others
00
00
00
00
00
00
00
00
82
50
1,727,039 32
829,169 51
Bent Dubuque & Sioux City RR. Co
$1,350,000 00
900,000 00
DiTidend. .March, 1891. on Illinois Central Shares
Dividend, September, 1891. on Illinois Central Shares
2,2f 0,000
00
6,818,633 88
Surplus Dividend Fund, applicable toTuture Dividends, and invested in $210,000 Illinois Central
4e of 1952, and $926 05 cash
ABSTRACT
For $15,000,000
K."— BOSDS
Illinois Central
4 per cent Gold Bonds of 1952.
Amount of
AutJwrized
incl'fl^d
in Mtg. Date of Utue.
Canton Aberdeen & Nash. RR. Co. Ist M gold 87-89 Dec. 1,1887
140-36 Dec. 1, 1887
Yazoo & Miss. Valley RR. Co. 1st M., gold.
,
Chicaco Havana .fe West. RR Co. Ist M., gold. I31-6i Dec. 1. 1886
Chicago .Madison & North. RR. Co. 1st M., g. .. 222-14 Mar. 30, 1888
74-43 .Inly 1, 1887
Cherokeee & Dakota BR. Co. Ist M., gold.... 155-58 Mar. 1, 1888
Cedar Rap. & Chicago RR. Co. Ist M., gold. .. 41-85 feb. 1.1888
"When Due.
June
June
1,
1,
For $5,266,000
1952
1952
Dec. 1,1926
Dec. 1,1935
June 1,1927
Dec. 1. 1935
Dec. 1,1935
-..— 853-87
Total
$210,926 05
PLEDGED AS SECURITY
TIME.
MUes
Class of Bonds.
"
Issue.
$1,750,000
2.800,000
2,500,000
4.370.000
1,000.000
3,100,000
830,000
INTlBEgT
Jimmtnt
Outstanding.
Bate.
$1,750,000
2.800,000
2.500,000
4.H70,000
1,000,000
3,100.000
330,000
5 per
5 per
5 per
5 per
5 per
5 per
5 per
When Payable. Anmiai
Interest.
cent June and Dec.
cent June and Dec
cent|June and Dec.
cent' June and Dec.
cent'June iuid Dec
cent Juno and Dec.
cent June and Dec.
$87,500
140.000
125.CX)0
218,500
50,000
155.000
41,500
$817,500
$16,350,000 $16,350,000
3^
per cent Sterling Bondi of 19 iO (5.26aa£200=£l,0")3,200). there are pledged $5,266,000 Chicago
St. Louis & New Orleans Railroad Company 5 per cent Gold Bonds of 1951.
ABSTRACT " L."—RECEIPTS AND EXPENSES FOR THE YEAR ENDED JUNE 30, 1891.
Illinois
Central
Wholb
Like.
Per Cent of Total.
Total.
Kkceipts from OPERA-nON—
Freight
Passenger
Mail
Express
Extra Baggage...
Transportation of Milk
Train Privileges
Bleeping Cars
.............
Bent of I»roperty
Rent of Tracks ..
,
Telegraph Receipts
Demurrage
Storage, Dockage and Cairo Wharf Boat
Team
Scale Fees
Switching
Compressing Cotton
Railroad Hotel and Eating Houses
Inter-State Transfer, and Earning* oyer other
lines.
Total Receipts from Operation.
$12,160,600 22
3,812,339 80
412,784 92
363,949 49
60,782 38
40,957 50
15,149 80
41,899 26
122,691 81
234,995 23
7,793 57
12,860 80
3,483 84
1,172
95,312
18,944
44,401
432,435
30
89
72
48
21
$17,881,554 77
68 006
21-320
2-309
2035
•340
-2-29
•085
•231
•686
1314
•044
•069
•020
•007
•533
•106
•248
2^418
•100
Expenses of Operation—
Maintenance of Way and Structures...........
Maintenance of Equipment
.....
Passenger Traiu Expenses
Freight Train Expenses
Station Expenses
Telegraph Expenses
.,
Claims and Damages.
Track Service and Switohlng
Mileage of Cars
(net)
,
Stationery and Printing
Outside Agencies
Advertising
Salaries of Officers
Salaries of Werka
....
,
General Oflioe Expenses and Supplies
Legal Expenses
insurance
Proportion of St. Charles Air Line Expense
Operating Mound City Bailway
ProiMirlinn of Belt Line Expense, Memphis..,
Railroad Hotel and Eating House Expenses.
Compressing Cotton
General Expenses
,
.
Total Expenses of Operation.
ExocMof
Taxks
Receipts over Operation expenses.
$2,732,828 69
1,802,395 73
1,040,667 34
2,536,113 65
1,679,652 08
217,213 91
278,826 69
165,023 47
268,143 33
139,932 93
165,517 88
47,353 04
184,021 88
246,447 94
70,730 98
97,949 20
64.319 05
7.293 45
1.767 63
1.576 19
40,150 71
13,970 50
88,469 94
15^283
lO^OSO
5-819
14-183
9-393
Vil.5
1-559
$11,890,366 21
66-495
$5,991,188 56
33^505
$520,949 35
349,780 81
2913
$870,680 16
4-869
$12,701,046 37
71-364
$5,120,508 40
28-636
-923
1-500
-782
•926
•265
1^029
1^378
-395
•548
•360
•041
•010
•009
•224
•078
•495
-
Proportion Gross Receipts paid the State of nilnols as required
by Charter.
Other taxes
Total taxes
Expenses of Operation and Taxes
Met Recelpte from Operation
1^956
OcrroBBR
8,
THE CHRONICLR
1891.J
481
OOMPAR1.TIVB STATEMENT OF EARKINQfl FOR THE TEARS ElfDKD
JUNE
If llM ot
AND
30, 1891
1890.
rond operated during 1881, 3,873>"iooi during 1890, 2,875l»ioo mile*.
Ttar SnOti Juh4 30.
Per
fltnt o/ tneretue or
/nerfOM.
180a
1891.
$12,160,600 33 $11,335.364 77
8,812,839 80
3,287,292 22
412,784 03
388.790 09
363,049 40
333,183 10
60,783 83
54.179 19
40,037 30
31,761 80
16,149 80
13.838 50
47,984 76
41,300 30
123,691 81
148,093 96
234,005 23
284,31613
8,179 46
7,703 37
6.602 00
13,360 50
3,483 84
3,13135
1.172 20
95,812 86
87,229 42
18,944 72
10,935 27
44,401 48
88,616 45
432,433 21
422,625 16
FfflKht
Pii8.'<('nger
Mall
Kxpri^^A
Kv
rise
:ou of Milk
-I
li
•
bliVMtiiiL''
t
K08
iirs
Bent of Property
Rent of Trarks
Rvoelpts
T('Ic«rii|>li
Dcniurriii!(>
StoruKc
Team
l>(ickaKe
MoAlt'
and Cairo Wharf Boat
Ft-OM
SwitoliiiiK
ComiTi'tAlni; ('otton
Rallroiul Hotel nnil Eating
Intcr-Stttte
Houses
Transfer and Earnings over other Unes
Total
$835,335
526,047
38.004
80,766
46
68
83
89
7-28
15-97
0-17
9-28
13-10
38-93
9-48
13-72
17-16
0,603 14
9,196 20
1,31130
67910
?6,583 60
5,401 IS
•29
352 20
1,172 20
8,083 47
8,009 45
6,785 03
9,910 05
4-73
87-32
ii^as
100-00
9^27
78-24
14-98
3-36
$16,462,022 32 $1,429,532 45
$17,881,554 77
DttrtOM.
D*er*a§t.
869
6,758 50
"sss'ss
COMPARATIVE STATEMENT OF OPERATION EXPENSES FOB THE TEABS ENDED
JUNE 30. 1891 AND 1890.
I
Year Ended June 30.
Per Cent of
Inereate,
1891.
Mtttutcuanoo of
Wayand Structures
Passeni4er Train Erpouses
Freight Train Kxpenses
Station Kxpeases
Telegraph Expenses
Claims ami Damages
Track Service and Switching
Mileage of Cars (not)
Stationery and Printing
Oiitrtlde
Agencies
1890.
$2,732,828 69
1,802,395 73
1.010.667 84
2,536.113 65
1,679.652 03
217.213 91
278.826 69
165,023 47
268,143 33
189,932 03
165,517 88
47,353 04
184.021 88
346.447 94
70,780 98
97.949 20
64,319 05
7,293 4.->
1,767 63
1,576 19
40,150 71
13,970 50
Maiiiteniuu'i' of £:qiiipment
..
Advertising
Salariesof OtHcers
Salaries of Clerks
Oencral Utilce Expenses and Supplies
Legal BxiH'iisos
Insurance
Proportion of St. Charles Air Line Expenses.
Operating -Mound City Railway
Proiportinii of Belt Line Expenses. Memphis..
Ralroad Hotel and Eating Houses
Compressing Cot' on
Expense Account Southern Flood
Beut of Locomotives borrowed
<}eneral Expenses
$2,505,,499
1,483,,969
854,,044
2.131,,494
1,400,,571
207,,376
172,,195
128,,623
205,,543
132,,619
15
9, 837
106, 630
rentals
36, 400
62, .599
80
76
75
24
40
313 13
7,
5-51
17-38
24, .505 91
72
164,,515 86
216,,865 28
11, 773
19, 506
29, 583
32
02
66
647 80
3,1,,579
70,,033 18
110,,532 07
63,,759 06
33 09
11-86
13-64
-92
11-38
559 99
38, .545
65
14-84
19-54
43-91
4-16
1.605 06
4,355 69
61491
51
1,270 93
420 26
1,238 98
45^.30
60
00
38,,387
$12,582 87
-88
38
89
2,,810 12
8,,564
2,,196
50,082 43
100-00
100-00
130-47
$10.365.7.50 39 $1,524,615 82
14-71
88,469 94
{$11,890.366 21
21-46
31-85
18-98
12-69
4-74
61-92
28-30
30-46
186, 622 88
404, 619 63
189, 030 83
94
23
93
7. 400
The proportbn of Operating Expenses to Earnings, excluding
8-49 per cent as compared with year ended June 30, 1890.
907
$227, 329 55
318, 426 46
14
27
46
02
25
141,,01197
9,
DeereoM.
or Deerea$e.
143, 856
Total
Itierease.
and
taxes,
was
86-50 per cent, being
143,856 60
7,490 00
an increase o£
COMPARATIVE STATEMENT OF GENERAL OPERA-nON FOR THE YEARS ENDED
JUNE 30, 1891 AND 1890.
Per CI
0/ In-
Year Ended June 30.
Wholb
Lnra.
Inereate.
18S1.
2,875-18
Miles of road operated
Deereau.
crease
or De-
1890.
2,875^18
create.
Mileage of Engines on Passenger and Freight TraltiB
and Switching at Stations
17.242,528
20,018,384
2,775,856
Oross Earnings
$16,452,022-32
$1,429,582-45
$17,881,554.77
Operation Expenses.
10,365.750-39
11,890.366-21
1,524,615-82
Net EarninK". without deduotlng Rentals or Taxes.
6.086,271-03
5,991,188-56
Oross Earnings per mile of Road.
5.722'08
6,219-28
'i9T20
Operation Expenses per mile of Road
3,605-25
530-27
4,135-52
Net Earnings per mile of Road, without deducting
Rentals or Taxes
2,116-83
2,083-76
-89 33-100
•95 42-100
Gross Earnings per mUo run
,
-59 40-100
-60 12-100
-Oi>eratlon Expenses per mile rtin.
Net earnings per mile run, without deducting Reiitaii
•29 93-100
-35 30-100
orTaxes
,
'.
16-10
8-69
14-71
1-56
8-69
14-71
$9'5,088-S7
1-66
6-38
1-19
33-07
06
"J*
00-100
72-100
-06 37-10
15-21
COMPARATIVE STATEMENT OF TRAFFIC FOR THE YEAB8 ENDED
JUNE 30, 1891 AND 1890.
Year tnded June 30.
,
1891.
Tom of
freight transported
Revenue from same
Average revenue per ton
Revenue per mile of road
Mileage of engine.* hauling freight trains...
Revenue per mile run
Tonsof freight carried one mile
Average distance each ton was carried
„
Revenue per ton per mile
Vnmber of
Inereate.
1800.
6.359,729
580,138
$1t,335,3«4 77
$825,235 45
$1 78
14.229 51
$3,942 49
$i28762'
10.088,055
9,100,847
987,308
$1 24 55-100
$1 20 54-100
1,303.008,318
112.719,324
1,180,282,880
137-8710.
ISTm.
37-lOOm.
934-10000.
953-10000.
6,948,807
$13,160.60033
-
8175
..
1
..'.'
'.'..'.
'.
passengers carried
10,108.375
$3,812,339 80
37 711000.
B^venne from same
Average fare of each passenger
Revenue per mile of road
Humbor carried one inile
Average number of miles traveled by each paasenger
oross earningH of passenger trains
•Oross earnings of passemrer trains ner mile of road
Mileage of engines haulinir n.'vssenirer trains
«.aminK« of piwacnger trains i)er mile run
-Average rate per mile received from each passenger
$1,32.-.
95
193,875,079
IS-IOin.
.'.
\...
$4,705,968 84
$1,636 73
8,805,488
8106-lOOc.
3078-10000.
8,207.213
1.901,162
$3,287,292 22
»525,047 58
40 0S-100O.
$1.143 33
$182 63
153.167,606
26,707,478
10-27m.
$4,109,014 40
$666.9 lO'ii""
$1,429 14
$207 61
4.771,584
1,033,954
8612-1000.
2-078-lOOOa.
Per Cent of
Inereate
or Detreate
Dtertat.
026
7-28
1-69
7-38
10-86
8-22
9-48
030.
^
-04 oi-i6o«
-20
1-99
19-10000.
23 16
15-97
6-84
16-97
16-33
8-60
8 34-1000.
lOS-lOOm.
1452
14-53
81-67
5-38
6 06-1000.
-24
3-10000.
...„
THE CHRONICLE.
482
CHESAPEAKE & OHIO RAILWAY.
ANNUAL REPORT OF THE DIRECTORS TO THE STOCKHOLDERS-FOR THE YEAR ENTDING JUNE 30, 1891.
the Stoekholders
To
:
Pursuant to the By-laws, the annual report
submitted as
is
follows
The railway operated by the Chesapeake & Ohio Railway
Company during the past fiscal year consisted of
•
miles.
065
Forge and Huntington) to Cincinnati
Street,
"
232-5
Forge..
Total miles of main line
Total miles of branches
897'5
36 4
933-9
Total
In addition to the foregoing, the branch from Gordonsville
to Orange, Va., 9 miles, has been operated under lease since
March 1, 1891, and this Company has also run its own trains into
"Washington from Orange, 845 miles, under a trackage contract
with the Virginia Midland and Pennsylvania Railway lines.
The Cabin Creek Branch (18 miles), controlled by this Company, has been operated by the Kanawha Railway Company
and the Freestone Branch (9 miles), which is also controlled by this
;
Company, has been operated for account of the Kinniconnick
Free.stone R. R. Company.
The Craig Valley Branch, from
Bessemer (near Eagle Mountain, Va.) to traig City (near New-
&
Va., 26i miles, has been completed since the close of the
and is now operated by this Company. The same is
true of the Warm Springs Valley'Branch, 25 miles making the
total road operated and controlled by this Company (or over
which it has trackage rights) at the date of this report (September 10, 1891), 1, 105-9 miles.
The arrangement made a year ago for the lease of the Kanawha
castle),
fiscal year,
;
&
Ohio Railway (now Kanawha
&
Michigan Railway)
to this
to the unwillingness of the
to bring the matter to a conclusion.
company has been abandoned, owing
Kanawha & Ohio managers
add, perhaps, as largely to the passenger traffic of the main line
as any enterprise that the company has in hand.
Your Directors have for some time felt the need of beltefacilities for reaching Washington and that the Chesapeake &
Ohio should be able to control the making of its rates and the
movement of its trains from that city, as the business to and
from the Capital of the country is increasing and promises in the
future to be very large. In pursuance of these views, surveys
were made to build into Wasliington, and good and cheap routes
were found, but the Virginia Midland Railwaj' Company met
this Company fairly and proposed to give it substantially what
was wanted on reasonable terms. Under these circumstances it
seemed better to arrange for trackage over the Virginia l^Iidland
and its connections than to build an additional line and therefore during the year contracts were closed with tlie Virginia
Midland and with the Washington Southern and I3altimore &
Potomac Companies, securing to the Chesapeake & Ohio the
right to run its own trains in and out of Washington and
manage its own business with that city. The contracts are
especially favorable, as they depend mainly upon the business
done, and if the business should be light the payments will be
light; while if it is large the pa3'ments will be proportionate.
They are also fair to the other companies, as they give them
increased business and rental for their property without additional outlay.
Operations over this line were started on the
first of April, but, as it has been the dull season for Washington
business, it lias not developed largely, although it has proved
a source of profit even in the dull season it is expected during
the Autumn and Winter to be of great advantage to the Company.
This Company's relations with the steamship lines doing business between Newport News and New York, Providence an'd Boston have been closer during the last year than ever before, and
have worked smoothly.
The Chesapeake
Ohio has more
business than these steamers, so far, have been able to take care
of readily, but it is probable that the parties owning these lines
will increase the facilities as the demand grows.
Your ofiicers
have kept in mind during the year the necessity of a steamship
;
Main line, from Fortress Monroe (via Newport
News, Kichmond, Charlottesville. Clifton
James River Division, from Orleans
Richmond (via Lynchburg), to Clifton
[Vol. UIl.
EARNINGS AND EXPENSES.
The
earnings and expenses of the Company, and the mileage
operated, for the year ending June 30, 1891, compare witli the
two previous fiscal years as follows
;
&
from Newport News to Europe, and tlicy have succeeded in
closing a contract with the owners of a line' of steamers to operate from Newport News to England, which commenced in the
early part of June last, and under the agreement there are to be
such a number of sailings as may be determined by the volume
of export business and the requirements from time to time.
At
present the sailings are semi-monthly and the line promises favoral)le results to this company.
With steamship lines to New
England and New York, and to England, and with passenger
lines to Fortress Monroe and to Washington, the thiough business of the Company, eastbound, would seem to be well provided for. Westbound the relations of this Company with the
Elizabethtown Lexington
Big Sandy, the Louisville
Nashville and the Clevelanrt Cincinnati Chicago
St. Louis railways
have continued very intimate and satisfactory, and there Is nothing
to desire in the way of traffic arrangements with those Companies.
The officers in charge of the Traffic Department of the railway
during the past year are to be congratulated upon the fact that
they have largely increased the traffic and at the same time have
increased the rate received for carrying it, other than for coal. It
is rarely that a railway can increase its traffic except at some decrease of the general rate, but in the present case both general
f reiglit and pa-senger traffic have increased largely in amount and
at better rates than iu the previous year.
The only business that
shows a less rate is the traffic in coal, and this business depends entirely on the rates which are made by other companies with which
the Chesapeake
Ohio is forced to compete. These have been
made less and less each year until they are entirely too low,
especially for seaboarS^coal.
It is hoped that, after the various
companies get tired of advertising their lines by supplying seaboard coal at unnecessarily low prices, an agreement may be made
which will give fair and paying rates on this business. It has
been the policy of this Company to take only such of the coal
traffic as would pay the highest rate and would keep the road
moderately employed. The traffic in coal to the seaboard, especially, IS not valuable enough to push ; most of the other traffic in
coal pays fairly satisfactory rates.
The results of the Transportation Department show great imline
&
&
Tear ending June 30.
1889.
1890.
777.
Miles operated
923.
Gross Earnings
$5,290,000
Operating Expensess
and Maintenance.
Net Earnings
4,265,000
$1,0-25,000
1891.
934.*
$7,161,949 37
8,127,111 09
5,455,127 80
5,920,418 20
$1,706,822 07
$2,206,692 89
on Funded
Taxes and
Interest
Debt,
Rentals,
including
Grain Elevator and
other charges for
the year
&
1,904,683 83§
t;
1,986,882 16
»Also 9 miles additional (Gordonsville to Orange)
since March 1 1891 and
toackage for through business, 84-5 miles (Orange
to Washington), since
April 1, 1891.
,
tThe Interest on funded debt,
l)e.»tated,
ment
etc., for year ending Jane
30, 1889 cannot
as the reorganization of the Company, which
involved a readiustwas not accomplished until January
of Its debt,
1,
1889.
"^7^ '". "'* ^^^ *'"''°8 •'""«' ^' "90, included about
-hich was not finished or used
Sl^ran^?^Jh" "" <=°°f""^"°"
untU 1891, and for other purposes from which no
benefit was derived
9.^^^^*"
in 1890.
1889.
Gross Earnings per mile
Operating Expenses per mile. ...
Net Earnings per mile
^1 'w"'"^™ "' ^"''"^ and
only been operated since April
1890.
$6,808
$7,759
$8,660*
5,490
5,910
6,312*
1_318
1,849
2,348*
1891.
expenses of Washington Line,
which nas
""=, wmcn has
1,1891.
The Craig Valley and Warm
Springs branches
as stated in »
prevousparagiaph. have been c{,mpf ted
since the close of tb^
^' ""^ "'« expectation of the CompLy
that th v
^^}j^"i operat Ion tefore the end
would.be in
of
SvTran^f ^i/;r
"
mi
n^inP as
Tuain line, «.
&
T
the last
fiscal
vearbnt.Z
"7*" «»<' other causer The Craig
"""C"-"' business to feed
.''''!i^'°P ^ '^'•S^
t^ extends
thi
11
nto a country rich in iV^n ^1
1
.
provement, which is due both to more efficient organization and
to the improved condition of the road and ite equipment, and to
additional side tracks. Freight engine mileage was 4,313,391 miles,
against 4,475,114 miles last year, while freight car mileage was
117,024,607 miles, against 112,839,347 miles last year, showing
that a larger number of cars was handled with less engine service.
The load per train was increa.sed from 225 to 263 tons. The passenger traffic shows a corresponding improvement in its handling by
the Transportation Department.
During the year, as will be seen from the tables accompanying
this report, and also from the General Manager's report, the Company has handled the increase of business at a very little increase
of expense, and without any loss of life to a passenger. With
the double track that was c«»apleted and put in operation in
June, 1891, and with the new Sidings that have been completed,
even better results are looked for during the present year.
The company has been able, through contracts with new
mines that have been opened, to secure very cheap coal for its
engines, so that the large increase of tonnage and passengers has
been handled at a less expense for fuel. The company is now
getting (oal suited to its use, loaded on its cars at sixty cents per
ton of 2,240 pounds, which is a remarkably low price.
Hie output and distribution of coal for
the year have been as
follows
OCTOBEB
THE CHRONICLE.
8, 1891.]
OUTPUT OF COAi.
-Yeab Emdiko.
June
30, 1800.
June
80, 1801.
Tons.
Gas
Splint unci Block
l/ew Uivor
Coko
Tons.
10,444
408,743
420,197
790,083
284,750
Cannel
20,47.3
618,282
425,218
1,042,.527
269,108
488
track or poorly mnlntalnod equipment (which were formerly of
frequent occurrence), and Ita unusual freedom from other scrloufl
accident*, to say nothing of Iho greater fncllily and conxlnntljr
increasing ratio of ccon(miy with which Us buHinesi Is transTransportation difllcullle* hare been the Krcnl problem
ported.
on the ChesajrHMiko
Ohio Rjillwav, and they are now mostly
overcome. The road LsaUo reaching a point where the extraordinary betterments can be steadily reduced, and the stiK kliolderi
will have secured to themselves a permanently largo and established traffic, with a road able to handle it ecoDomically and
&
profitably.
1,920,124
2,273,0
DISTRIBUTION OF COAL.
->Ybar Ending. June
Fuel for uso of
June
80, 1801.
Tons.
329,910
874,479
273,650
Company
Dtlivcro'l to points on
80, 1890.
852,458
Tons.
Cincinnutl
Division and beyond
Delivered to points on E. L.
8.K. H
&
44,673
mond
61,469
239,803
231,885
120,792
&
Deliveretl to points
;
B.
0. (old
Delivered to points on C.
line), except Richmond
Delivcreil to points on C. & O. (James
River Division), except Rich-
177,016
on Shenandoah
Valley R. R
Delivered to points on Virginia Midland Railway
P.
Delivered to points on R. F.
also.
1,275
COST OP BOAD
54,746
68,893
20,184
161,799
10,818
23,917
176,827
16,210
33,158
641,594
24,390
772,370
1,920,124
Delivered at Richmond
Delivered at James River wharves.
Delivered at Newport News, Norfolk, etc
at Newport
Shipped
News
2,275,608
following condensed statement of cost of road and equipment and the amounts charged to construction during the year
is published here in order that the stockholders may see just
what the expenditures under this head have been they are as
follows
;
The balance
sheet of June 30, 1890, showed the
cost of the entire line, including additiops and
the liichmond and Allegheny Division, also
the New River Bridge, to be on that date
$106,.5.53,138 5«
The Operating Department has during the past year continued
the work of steadily improving the physical condition of tlie existing property.
As the stockholders well know, the whole tendency of railway management for years back has been (as a matter of necessity)
towards heavy engines and large
cars,
which
AND KqUITMEHT.
The
&
R.R
During the next few years the heaviest extra outlay will probably be for filling trestle-s. TlK^re are a dozen or more large
trestles on the Huntington Division, which should lj« filled up
(rather than rebuilt) before their safe limit of life is reached, and
the policy of your management will ix; to fill them up gradually,
spreading the expense over the next five years. A good deal of
ballasting also remains to be done, and a moderate amount will
have to be expended annually in other needed betterments, including some additional sidings in each year also in the continuance of the work of arching tunnels until their completion,
which at the present rate of progress will take about throe years.
It would seem probable, however, that with the increased earnings of the company, the work could be handled without an
undue ratio of expense, and that the company, before very mucb
longer, would be able to consider the question of paying moder
ate dividends on its first preferred stock, and in due course to
increase them and later on to pay on its second preferred stock
re-
Since then there has been charge<l for bonds
outstanding on property at Manchester, Va.,
assumed
from
Richmond
&
Alleghany
Railroad (of which $10,800 have since been
paid off by this company)
107,000 00
ballasted roadbed, strong bridges and long side Payment to Phoenix Bridge Company, in full
compromise of claims from construction of
With the low rates of compensation which now prevail,
tracks.
Ohio River Bridge
45,000 00
a railway doing a large traffic, which sliould adhere to the lighter
and less economical standards of a few years ago, would not to day Other reorganization claims
17,708 67
be able to earn its operating expenses. The transition from the Liquidation of claims against Receivers of Richmond
Alleghany IJailroad Company, subold to the new conditions necessitates a large amount of reconstruction work and the substitution of heavier material for that
ject to which the property was acquired
28,897 34
which is abandoned. The principal lines of railway commenced
making the change gradually ten years (or more) ago. but the imTotal
$106,751,834 57
poverished condition of the Chesapeake <fc Ohio rendered such
All miscellaneous improvements made during the past year,
a general course impossible for it to pursue indeed, in many respects its financial straits necessitated a retrograde movement, and have been handled by the Operating Department, and their cost
has been included in operating expenses.
the neglect of even ordinary maintenance.
The two principal charges to Construction Account during the
As a result, an unusually large amount of reconstruction has
devolved upon the Operating DByartmcnt since the reorganization years have teen
of the Company, to pat the exiting property in order and to Cost of Craig Valley Branch, 26Ji miles, (nearly
completed on July 1st)
bring it up to modern conditions, such as alone permit of its profi$609,248 53
Cost of 1,000 box cars and 500 coal cars; also 13
table operation.
less of
locomotives, the purchase .of which was anThe priucipul items of expenditure, partaking more or
Stone balnounced in the last report, and part of additional
this character during the past fiscal year, have been
passenger equipment
milos, and gravel, slag and cinder ballast on 163'6
last on 882
1,111,987 58
miles (aggregating 9,615 carloads of stone, 14,897 carloads of
gravel and 8,4'iti carloads of slag and cinders) the laying of 78
$1,731,236 10
miles with 75-pouud steel in the place of lighter rail, and the chargThe other charges to this account have been for the balance of
ing of the difference in the rail and the cost of laying the same
cost of the 23 miles of double track, freight yards, shops, etc.,
to expenses ; also f45,322 47 spent in arching Big Bend and
undertaken two years ago ; the cost of completing the Hawk's
Millboro tunnels, which were not arched when the road
Nest and
was built, but have been in process of arching for several years ; Street, Cabin Creek branches, and Fortress Monroe and Fourth
Cincinnati, extensions ; also for some additional real
a large portion of the cost of re-building the liinton roundhouse, estate
required, together with one or two other itctns as detailed
which was too old and dilapidated for further use, and in place below
of which a large and economical bouse has been built the
It is gratifying to note the completion of the double track,
building of 9 miles of siding for Industrial works and 21 addialso of the shops and yards, and to state that the company now
tional miles of sidings for passing of trains
also considerable
has, for the first time in its history, these facilities in sorao
ezpeaditurcs for new stations along the line ; and finally, for
degree approaching its requirements. Their advantage is shown
replacement of efiuipment, as detail^ in the General Manager's
in the ease with which the increased volume of traffic going
report, a considerable sum in excess of full maintenance and
over the line at the date of this report is handled.
ordinary renewals.
The cost of this work during the past year has been :
Of course, a certain amount of work of the character detailed
is always necessary, but the outlays of the past year (like those of For yards, roundhouse and additions to shops
the two previous years) are largely in excess of the average, and
at Covington, Ky. ; drainage work at Covington, Bellevuo and Dayton, Ky. ; viaduct
a good part of them represent reconstruction which, under ordiat Newport, Ky., also other aitditions on
nary conditiont, shuuld have been commenced years ago, and
Cincinnati Division and Ohio River Bridge. .
liave been spread out gradually.
$189,617 88
In addition to these special
items, the condition of the road and equipment generally has For completion of 23-3 miles double track
been kept up to first-class standard in every way, and |41,524 57
(Clifton Forge to Low Moor, Don to Brooks,
hare becu^penl in b.dlastingand widening banks on the CincinThurmond to East Sewell, and Mt. Carbon
nati Division, which suffered during the floods of 1890 ; also
toHandley)
8»i9M 49
$70,203 03 in rebuilding Bull Creek and Cabin Creek bridges on For completion of Hawk's Nest Branch
85,033 44
the same division, both of which (owing to defective conslniction) For completion of Cabin Creek Branch
88,867 98
For completion of Fortress Monroe extcnsiou .
were curried away by flood in that year.
11,393 03
The ex|ienditurps mentioned, have, of course, added to the For extension in Ashland (not yet finished) .. ..
25,036 00
apparent cost of op 'niting the road during the pist yrar, but it For a<lditional real estate (mostly at Newport
is gratifying to state that their benefit is most evident in the
News)
86,978 64
couditii>n of the property and the results from its operation,
For completion of Uiuton, Lewis add Riveriucludiug its trc^doin from auoidenta and delays due to defective
view yards
80,016 70
quire heavy
rails,
&
;
:
;
;
;
THE CHRONIC JLK
484
[Vol. LIU.
FIXED CHABGES.
cost of shops, round-house, and other new
work at Clifton Forge; also completing
$333,966 88
new yards at that point
250,000 00
Less proceeds of land sold
For
For completion of Fourth
The
eluding rentals, etc., are
6 per cent, on
$2,287,000 00
6 per cent, on
2,033,729 ir
8,033,729 1"
6 per cent, on
2,000,000 00
""""""
6 per
2,658 89
83,966 83
Street elevated exten
17,019 37
O
sion in Cincinnati,
fixed charges of the
on
cent,
6 per cent,
5 per cent,
per cent,
4 per cent,
on
on
on
on
142,000
22,096,000
474,000
1,000,000
2 per cent,
on
6,000,000
^Company
for
the
coming
estimated as follows:
Purchase Money Bond*
Bonds of 1908
Bonds of 1911
Bonds of 1918
00
00
00
00
8i37,2S0
Bon.lsof 1922
8,.520
5 per cent,
disking the total cost of road and equipment on
June 30, 1891 (after deducting |8,732 75
for credit balance of Bnndry items), as per
1109,218,096 18
balance sheet
The construction of the Warm Springs Valley Branch has been
paid
completed since the close of the fiscal year, and has been
branch.
for by an issue of |400,000 five per cent bonds on that
The Company now has no important construction work in progought to be
ress, although there are several short branches which
on
400,000
Consolidated Mortgage Sa
Equipment 68
James Eiver (B. & A.) Division
1st Mortgage
00 James River (R. & A.) Division
1st Mortgage
00 James River (R. & A.) Division
2d Mortgage
00 Craig Valley Branch Ist Mortgage
00 Warm Sprmgs Branch 1st Mort-
on
on
on
on
on
10,000
820,000
170.000
323,000
900,000
00
00
00
00
00
on
1,000,000
per cent, on
660,000
4 per cent,
6
gage
undertaken soon.
FHTUKE ADDITIOHB.
DO
122,023 75
180,000 00
159 63
6 per cent,
4 per cent,
6 per cent,
5 per cent,
6 per cent,
1753,748 26
year, in
40,000 CO
100,000 00
40,000 00
32,500 00
20,000
}600
33,800
10,200
16, 1 60
Elevator Bonds
Elevator Bonds
New River Bridge Bonds
Alleghany Car Trusts
00
1,104,800 00
28,440 00
00
00
00
00
00
(Average amount) Equipment
Notes
Manchester Bonds
Manchester Bonds
54,000 00
that seems to confront your Directors is how to
60,200 00
4,816 00
Bpercent.on
take care of the increased business that is constantly pressing
36,000 00
1,800 00
6 per cent, on
It will be noticed that the earnings of the Company
xjpon them.
(both gross and net) since the present management took charge
$1,874,029 28
have steadily grown, and the future never looked so promising as
(net).
80,000 00
To take care of the rapid pncrease of business requires Trackage, Rentals, etc., are, say
to-day.
considerable expenditures. The Company has still in its treasure
Total annual charges.
$1,904,029 28
11,000,000 of Its 5 per cent consolidated bonds, which can by
sold from time to time for terminals, additional double track and
The foregoing figures are exclusive of taxes, which amounted
other like purposes, so far as they will go.
year to $163,100 90. Taxes, which have heretofore been
last
The policy of the Company should be to add to its equipment
treated as a part of " Fixed Charges," will hereafter be included
additional sections of double track on the main line, and
to build
in the monthly operating expenses, in conformity with the
steadily to develop business by the construction of branch lines
custom now generally adopted by railway companies.
into the coal fields and timber territory of West Virginia.
Attached to this report will be found the balance sheet of the
The Company will also, in the course of the next few years, company, a statement of profit and loss account, tables showing
have to improve its terminal facilities at Richmond, Lynchburg, earnings and operating expenses in detail, and other statistics of
Fortunately, all or nearly all of
and one or two other points.
also, the report of the General Manager, giving
the Company
the land for these purposes is already owned. The heaviest
•the details of the various operations of the Company in his
outlay will be at Richmond, to effect a suitable connection becharge.
tween the old main line and the James River Division tracks withAll of which is respectfully submitted.
out interfering with the city streets. An additional merchandise
By order of the Board of Directors.
pier at Newport News is also urgently needed.
M. E. INGALLS,
Means for such work must of course be provided when opPresident.
portunity offers, by issuing such securities as the stockholders
Cincinnati, O., September 10, 1891.
may determine.
The problem
;
CONDENSED BALANCE SHEET
June 30 1891.
Credit.
Debit.
To
capital stock
First preferred
Bv
cost of road and eqnipmeiit, including
ownership In MaysvlUe
&
Big Sandy
Craig Co. etook (land at Bessemer) .. .
Rockbridge Alum and Goshen Ey
Freestone & Kiunloonnlck E. E. Co.
stock
..
& New River E. E. Co
E E. bonds
Sundry Rccnrlties
Seat N Y. Produce Exobange ...
Stindry construction and equipment
Greenbrier
Buckingham
accounts
To
To
5,074 75
54,567 86
41,500 00
35,10100
857 00
119,79125
Balances,
etc.,
To amount due by Coal
Agenctps..ir."^'i
426,493 55
263,418 25
Manchester improvement
five
per
36,000 00
cent, bonds...
$36,951,588 06
Allegheny five
731,697 69
520.475 58
per cent Car Trust
323,000 00
certificates
1,696,866 83
189,904 45
To profit and loss
$71,000,000 00
Six per c't P. M. gold bonds, due 1898 $2,287,000 00
2.033,729 17
Six per cent gold bonds, due 1908
2,000,000 00
Six per cent gold bonds, due 191 1
2.658 89
cent currency bonds, due 1918
Six per
142,000 00
Six per cent gold bonds, due 1922 ...
equijimeut bonds
474,000 00
Six per cent
First consolidated mortgage five per
22,096,000 00
cent gold bonds
First mortg.fge four per cent gold
1,000,000 00
& A. Division
bonds. E.
First mortgage two to four per cent
4 A. Division
5,000,000 00
gold bonds, E.
Second mortgage four per cent gold
1,000,00000
bonds, E. & A. Division
First mortgage five per cent gold
Branch
650,000 00
.
bonds. Craig Valley
New Elver Bridge six per cent gold
170,000 00
bonds.
60,200 00
Manchester City eight per cent bonds
—
44,65873
To material and Biipplles on hand
$362,551 12
To cash in hands of Treasurer
82,142 44
To current Accounts.Agouts, Conductors'
46,000,00000
common.
15,39686
9,54610
special cash deposit to pay Coupons $218,720 73
Special cash deposit to pay balance
cost Craig Valley Branch
44,697 62
C.
& O. Equipment notes,
six per cent.
Real Estate notes
By unpaid coupons
1,010,190 18
75,238 24
38,360,016 48
(see special
cash de-
$218,531 64
po«it,*218,720 73, opposite)
256,270 61
By accrued interest on funded debt
By bills payable
474,802 25
to coal operators (see
$454,373 34
coal agencies, opposite)
Bv bills payable for rails, supplies,
By audited vouchers
By sundry liabUitles
&o..
452,123 92
1,020,530 64
32,932 63
New Bonds and Stocks Authorized or Offered.-The follow18
a list of
new
issues of securities offered or to be
offered
B^^T^^^T^t*^^' ""'^
^''O'
"<'"<»«
•
""> »"thorized.
**^uaorii«r''''*^ *«*' oftnt water bond.. redeemable In
03
cents, due 1892 and after.
Bids will be received till October 24. Full particulars are given In
our advertising columns.
Dayton, Ohio.— $100,000 street bonds. Bids will be received till Octo*
ber 23 by C. A. Herbig, City Auditor.
GrjlKD Forks, No. Dak.—$50,000 sewer bonds are to be Issued.
New Whatcom, Wash.—$370,000 sewer bonds proposed.
Macox, Ga. $210,000 sewer bonds are authorized.
Ebdlands, Oal.—$100,000 drainage ditch bonds are to be Issued.
SoMBBViLLE, Mass.— New bonds are authorized.
SPBtxocimLD. Mo.—$50,000 4^ per cent 10-20 sewer bonds, due 1911,
Full particulars are given in our advertising
are offered.
columns.
,
Waxkbtowk. N. Y.—f 20.000 etrett and sewer bonds are to be Issued.
CtmBERLAND, R. I.— $100,000 funding 4 per
—
1902. are
1,959,91,0
$111,794,779 26
$111,794,779 26
ing
00
12,000,000 00
By funded debt-
I
&c
;. $13,000,000
_
Second preferred
R. R. Co. and Covington and Cincinnati
Bridge, also Pnint Creek, Cabin Creek,
Hawk's Nest nnd Craig Valley Branolies
.$109,218,096 18
To cost of sundry securities
Buhscription to Southern Improvement Co. securities (Warm Springs
Valley properties
$100,000 00
Sundry subscriptions to enterprises,
OCTOBKR
THE CHRONICLK
?, Ibbl.l
MONTEREY A MEXICAN GULF RAILROAD.
KEPOBT UPON CONDITION AND BUSINESS
PROSPECTS
•arnlUK* from tbo ahovn
BT
which would cost $350,000 Mexi-
and section-houses are well
and are ample for a large traffic. The
water tanks are of iron on stone masonry, all equipped with
steam pum|)s and some with windmills. The depot budding,
in which are located the general offices, at Monterey, is espe-
The depot
and
located
cially
a
buildings, stations
built,
building,
fine
being
built of brick,
liandsomely
trimmed with black marble.
Tampico by this road is the nearest port on tidewater to the
northeastern quarter of Mexico, embracing over 185,000 square
miles, and with a large population must necessarily command the trade of this section, with its rich mines. The road
through a very rich agricultural country, producing com, coffee, sugar, dyewooas, all kinds of tropical and
semi-tropical fruits and vegetables.
The traffic of the road will be largely the export of ores and
bullion, and the import of coal, coke and lumber for the difIn addition to
ferent smelters, reduction works and mines.
the mining business is the transporting of farm products,
principally corn, sugar, coffee and fruits, and the imports to
the interior, being the shortest mileage, and consequently the
cheapest route to a very large, populous and rich section of
Mexico.
The railroad intersects the International Railroad, of standard, or 4 feet S}4 inch gauge, at Venadito, and the Mexican
National, of 3 feet gauge, at Monterey, with both of which it
has profitable traffic connections, which make it a connecting
line for the City of Mexico traffic.
No railway system of Mexico has such a high percentage of
good farming land along it as this. In fact, nearly all the
'distance from Monterey to Tampico can be called good agricultural country, and now that the railroad gives cheap transEortation many of the streams that the railroad crosses will
e used more extensively for irrigation, thereby largely in'Crsasing the crops and consequently the traffic.
The following are some of the principal places on this railroad, with their population resident and tributary
also passes
:
Monterey
Juarez
Caderoyta
Mout«niorale8
Linares
50,000
5.000
3.5,000
32..')00
40,000
30,000
15,000
Victoria
Tampico
These figures are only approximate as
-of
all
population are inaccurate.
than half of the earnings.
the most important industrial town in
Mexico, and 70 per cent of its business will go over this road.
At the present iime it has the following smelting furnacee 9
Monterey
leas
now
is
:
in operation, 9 under construction and 4 that will be commenced soon.
large machine shop and foundry is in operation.
large brewery is under erection. The smelting furnaces will require daily over 1,000 tons of ore and 200 tons of
•coke, of which 70 per cent of the ore and all the coke will pass
•over this road they will ship 200 tons of bullion per day, all
A
A
;
Balance
$1,240,220
Operating expenaea, SO per cent
t020,110
Net prollH, at per oontraott with the three
MoDterejr tmeltera
f630,110
In my ju<lginent, it is perfectly safe to etitimat* that the
net earnings of this road from all other sources will be at
least equal to that from the mineral or ore, bullion and coke
of the Monterey smelters.
This will make the annual earnings as follows :
OrosR earnings on ore or mineral, bullion and cokt of the
three Monterey smeltem, at per contract
91,340,220
Estimated earnings from all other aourcet
1,240,220
Total grosa earnings
Leas operating expenaea, 50 per cent
Total annual proflt, .vCexioaB
money
$2,480,440
1,240,220
91,240,220
estimated that the present consumptjon of coal and
coke that will be imported through Tampico and transported
over this road, independent of that required by the three
Monterey smelters, is over 235,000 tons annually.
This company owns considerable valuable land independent of its right of way, the most important being
460 acres
In Monterey
200acrea
Trevino
Oonzoles
300 acres
Tampico
7,500 acres
The Monterey land and improvements is estimated to be
worth over $500,000. The Tampico land includes over two
miles of water front on deep water, being by far the best
there for dock purposes.
As the road has only been completed to tide-water at Tampico within the last few days, it has done no through business.
Its business has heretofore been confined to local
traffic.
Fortius purpose its rolling stock, yard acM>mmo<lations and sidings have been ample, but now with the large
increased business all must be largely increased.
As soon as possible this road should be extended northwesterly from Venadito through the Cuatro Cienegas and Sierra
Mojada mining districts to the Mexican Central Railwaj.
This would open up these and other important mining districts, and would give the road a much larger haul on these
ores than now,*a3 well as on the imports and farm products
going from the coast to ihe interior. The peculiar kind of
ores produced by the Sierra Mojada mines are very necessary
to the Monterey and other smelters, and they will require
daily several hundred tons of them.
In all my railway experience I have never seen a new railroad commence operations with such absolute certainty of
good and profitable future business, with binding legal contracts that will much more than pay its fixed charges on the
first issue of bonds.
BATES DORSEY.
(Signed)
It is
EDWARD
REPORT
UPON THE CONDITION AND BUSINESS
BY CECIL GABBETT,
In accordance with instructions I visited Mexico during the
July of this year, and inspected the above-named
road, whose gauge is 4 feet 8}^ inches, from Trevino to a point
near Tampico, the latter being the southern terminal of the
road, situated on the Gulf of Mexico, and the former being
the northwestern terminus where it intersects the Mexican
International Railroad, whose gauge i-J standard (4 feet 8J^
inches.) At Monterey it crosses the Mexican National Railroad, whose gauge is 3 feet. The entire length of the road is
393 miles, on which the grading, track-laying and bridging
have been finished. This line of railroad had granted to it by
the Government of Mexico two concessions covering the entire line, one from Trevino to Monterey and the other from
latter part of
Monterey
to
Tampico.
PHYSICAL CONDITION AND LOCATION OF ROAD FROM TRB
VINO TO TAMPICO.
The location traverses mostly wide valleys bounded on the
west by the Sierra Mad re Mountains and by the San Carlos
Mountains on the east. The grading is very light, the maximum grades being IJ^ per cent, with easy curvature. The
of a loamy texture, with "tippe tatte,' or cement gravel,
abundance, the latter making an excellent ballast, quite an
amount of which has been placeil under the track, forming a
first-class road-bed.
In my opinion it will lie unnecesoary to
make any large outlay for ballasting, since this work can
proceed from time to time in connection with the repairs of
soil IS
Mexican figures
The road has easy grades, the maximum being IJ^ per cent
»nd easy curves with very cheap fuel, paying small wages,
and as the legal charges for freight are very high, it will be
operated for
91,340,220
i>f
M
la compliance with instructions, I have carefully examined
the Monterey & Mexican Gulf Railroad, which extun'ls from
Vonadito or Trevino, a station on the International K'lilwar
of Mexico, southeasterly tliroufrh Monterey and Victoria to
Tanipico, a total length of 393 miles.
Sixty-six miles from Venailito it crosses the National Railway at Monterey. This road has been built by a eoncession
from the Mexican Government, which gives a grant of $8,000
per kilometer in per cent bonds at 90 cents of their nominal
value; this equals 114,220 Mexican money per mile. All this
subsidy has gone or will go to the contractors. The concession from the Mexican Government is in two concessions,
oovering the entire line, one from Trevino or Venadito to
Monterey, and the other from Monterey to Tampico.
The Mexican Government has recently given a subsidy for
opening the harbor of Tampico. Mr. E. L. Corthel, the eminent engineer who bad charge of and directed and built the
Mississippi River jetties below New Orleans, isj^the consulting
engineer of the Tampico Harbor works, He is sanguine that
he will soon have on the bar 24 feet of water. At the present
time there is 9% (nine and three-fourths) feet at the i-nd of
the soutli jetty, and minimum depth of 13 feet between jetties.
The lighterage charge it now |l 70 Mexican or |1 23 American money per ton from the ship to the wharf. The railroad
company has a contract at these rates, pending the opening of
the harbor. This road is standard gauge, i-Q}4> "'^'h 56 pound
steel rail laid with double standard angle plates with four
bolts at the joint; nearly all switches are of the standard split
type, with improved standard and targets, and 2,640 ties to the
mile. The ties are 8 feet long, 7x8 Southern pine and tropical
ha»d wood. It is very well built, about 40 per cent being ballasted; most of the remainder can be operated as it is, the soil
being very favorable. Of course it would be mucli better to
ballasted,
must pan over this road. Other amelterR are ia
contemplation, which will add largely to the net eaminga.
TbU roa<l ban cniitrncti with th* thrne tmeltcn
at Monterey wbioh will give in groM annual
of which
All the buriliiosM of tboAc, Minnlt^rs. a« reported,
amniiiitn to
$1, 452,700
From wlilrb 30 per o'tof the ore bunliiou raunt
b« (lediictod
belonging to other r»lJroa<lii..
212,530
EDWARD BATES DORSEY.
have it thoroughly
can money.
485
in
the road, utilizing the regular track forces.
All thn material used in construction is of the best quality.
The ties are of standard dimensions, being 7 by 8 inches, 3
feet long, and of Southern pine, .sawn, 2,640 to the mile, and
spaced.
The rail is 56 lbs. per yard, steel, laid with double standard
angle plates, four bolte to the joint. Mo-»tly all the twitches
are of the standard split type, with stands and targets of the
most improved character. The bridges are all wooden, made
of Southern pine, built substantially, and Tarying in height
THE CHRONICLE.
4S6
being
to 58 feet. Several of these wooden bridges are
abutments,
replaced by iron ones placed on substantial stone
These, when
the construction of which is weU under way
the
completed, will cost in the neighborhood of $500,000. On
line
whole, the cost of the maintenance of the bridges on thi»
with
will not be an item of much expense as compared
other lines in the United States. The water station*
all
of a substantial character, having iron tanks
are
with a capacity of 30,000 gallons, placed on masonry supThese water stations are to be run by windporters.
By this
mills, some of which have already been received.
means of pumping the cost of water supply will be reduced to
Mona minimum. The shops of the company are located at
long
terey, and though at present sufficiently large will before
require large additions. They now consist of one wooden
ro\md house with 15 stalls, foreman and tool houses and car
shed. Neatness and order were to he found everywhere I
went. Tlie yard facilities at Monterey are also inadequate for
the business, but I was informed that a number of additional
tracks were to be laid at an early date. Material in the shape
of steel rail and ties, and in abundance, was already on the
ground for this purpose. The telegraph line which belongs to
the company has been built in a substantial manner and is a
ouroe of revenue.
The side track facilities as they now stand are sufficient, but
will have to be increased as the traffic increases. The station
buildings, with the exception of those at Cadereyta, Montemorelos and Monterey are of wood, the latter being of stone.
The one at Monterey, which wUl cost about $43,000, to be
completed in about thirty days, will contain the general offices
of the company. These three stations are equal in design and
workmanslvip to any of the eame character of stations to be
found in the United States on the best equipped roads. The
wooden stations will also do credit to any road, being neat
and commodious. The following is a list of stations which
have depots, besides owning right of way 100 feet wide, from
from 18
Trevino to Tampico
Acres.
Acres.
At Trevino
It
owns
Monterey
Cadereytn
SanJuan
Teran
Montemorelos
Linares
200 AtVillagran
Victoria
450
10
La Panocha
San Francisco
275
10
10
15
15
40
Gonzales
40
40
200
Tampico
7,500
Also all the stations between Trevino and Monterey have
suitable and ample station g^rounds. It has been and is still the
policy of this company to give or lease land suitable for enterprises on which to locate.
In consequence of this policy havbeen in force most of the indus' ries of Monterey are located on grounds donated by this company which are reached
sclely by their tracks and to whioh toll is paid by other railroad companies, amounting to not less than one dollar per car.
The estimated value of this plant at Monterey is in the
neighborhood of half a million dollars. The facilities at Tampico I consider unrivaled.
The company's lands extend
about two miles down the Panuco River, commanding a valuable wharf frontage on deep water. The removal of the bar
at Tampico is a matter which bears an important part in the
earning capacity of this road, hence a careful investigation of
this subject was made, necessitating a trip to the City of Mexico to examine into such records as were on file in the office
of the Secretariat of Public Works, which examination resulted in the following information being obtained. The
Panuco River for some miles above the city of Tampico
has a width of from 1,500 to 1,800 feet to its intersection with the Gulf of Mexico, where it has been contracted
to 1,300 feet.
It has an area of about 1,000 acres, of
24 feet water at low tide, with a channel of 36 feet.
The plans for the removal of the bar were made by Mr!
E. L. Corthell, and are being executed bv Mr. Wronaske", both
mg
of these gentlemen having been connected with Mr. Eads on
his works at the South Pass on the Mississippi. The north
jetty starts at shore line, and continues straight into the Gulf,
taking the direction of the river for some miles above. The
jetty on the south side leaves the shore on a curve, which is
continued until its tangent is parallel to 1,000 feet from the
north jetty, contracting the channel and giving a current
of
five miles an hour at ebb tide.
The north jetty on July 15th
had been run into the Gulf 5,T00 feet, leaving 1,300 feet yet to
be built. The south jetty had reached a distance of 5 300 feet
The minimum depth between jetties is 18 feet.
the work thus far done has been to move the
The effect of
outline of the
bar outwards or seawards without materially deepening channels across the same. No radical result could be
expected
while the work is in course of construction, with no
portion
completed and the waters of the Gulf passsing over the jetties
as they now do. The work of completion of jetties is
beine
pushed forward, and it is hoped deep water will be
reached
by next November, resulting in the securing of a harbor
siving at least 24 feet of water. This achieved, will
without
doubt secure Tampico ai the port on the Gulf through
which
the majority of the traffic of the republic from foreign
noints
together with traffic from the Eastern States of
America will
find Its way. From Tampico there are onlv two
lines of rail
roads, one being the Monter.y & Mexican Gulf RR.
with easv
grades and light curvature, entering large n arkets
direct or
over Its connections. The other is the Mexican
Central RR
which, unfortunately, has to contend with
eitraordinarilv
heavy grades and curvature, the latter having
been reported
•8 18 per cent while the former is
4Ji per cent. ThWuidrances would debar this line from competing with
the Mon-
[Vol.
UIL
&
terey
Mexican Gulf RR. for business for points north of Tampico and east of its own bnes between El Paso and the City of
Mexico.
The sanitary condition of Tampico is reported good, yellow
fever not having existed there since 1879. at which time it was
brought from New Orleans. The commerce of this port is increasing with marvelous strides. Many new docks, warehouses, offices and residences are now under construction.
Tampico is picturesquely situated on a succession of beautf ul
hills, lising to an altitude of 300 feet, and affording natural
drainage. It is totally unlike the average Mexican town, in
that the buildings, instead of being flat-roofed, have gable
ends. The character of the soil through which the Monterey
Mexican Gulf RR. passes is rich in the extreme, and capable
of growing any products. It requires only to be cultivated,
which, now that the road is practically completed, will be
rapidly done. The soil requires no fertilizing, the climate
admitting of two crops being raised per year; hence it is fair
to surmise that in a few years the transportation of the agricultural produce will be a source of large revenue to the railroad company. On the whole, the physical condition of this
line is better than nine out of ten new lines I have ever passed
over.
&
TRAFFIC.
local traffic on this line is worked on the basis of the
rates granted in the concession by the Mexican Government,
the only change in the same being the adoption of another
class, "A," which covers practically light, bulky and perishable articles, and the subdivision of the 1st, 3d and 3d classes
into " car loads" and " less than car loads," thus giving practically seven classes, the car load rates being lowered upon a
is advanced
graduated scale on basis of 10 per cent. Class
50 per cent over 1st class. It was found admissible in consequence of competition of coast lines to reduce the rates on
local business as far east as Montemorelos (60 miles), but in no
case was it to be less than eight and three- tenths cents per ton
The
A
per mile for less than car loads and three cents per ton per
mile on car loads. Prior to the building of this line the territory tributary to it was supplied mostly from Matamoras.
Now Monterey is doing the bulk of the business. That portion of the line from Trevino to Monterey (66 miles) will not
There are
yield much local traffic for the present at least.
but three points on it which can contribute much business,
The first of these has a
viz.: Garcia, Eutamala and Padrone.
population of about 3,000 inhabitants the last two have back
of them a section of country with about 10,000 people.
The through business of this portion of the line will be an
important factor, since it connects with the Mexican
International RR., being of the same gauge and bringing it in close contact with the trade of the country tributary to that line as well as the Mexican Central territory,
north of Zacatecas. It has also placed Monterey on an
equality with San Louis Potosi and the City of Mexico, in so
far as having through rates from the United States, previous to
which Monterey was simply a local point on the Mexican National RR. hence the rapid growth of the business of this
town. Its merchants are now distributing goods throughout
the entire length of the line of the Mexican International RR.,.
and along the Mexican Central, between Zacatecas and Chihuahua. This latter will materially increase when the line is in
operation to Tampico, since this company's alliance with the
various steamship companies touching at Tampico will enable
;
;
to reduce rates from European and American points, and to
force the long lines out of the market. There is now in effect
via Tampico a rate of 50 shillings per ton on aU business from
Liverpool to Monterey. Out of this this company receives aa
On
its proportion 28 shillings, or two cents per ton per mile.
wheat, cotton, beans, corn, barley, etc., grown on the Mexican
Central and Mexican International railroads, for points on
the Monterey
Gulf RR. this company receives four cents
per ton per mile. The average revenue on coke from the
Felipe mines is two and one-half {2\4) cents and on coal two
The northern competition business
(2) cents per ton per mile.
with the Mexican National RR. via Eagle's Pass averages 3
cents (three cents) per ton per mile. On all competitive business except 24 Ixtle originating at or destined to points east of
Monterey, the average revenue is 8}^ cents per ton per mile.
On Ixtle, one of its greatest staples, the revenue is about
3 7-10 cents per ton per mile.
During the year 1890 there was
imported into the city ot New York alone some 40,000 bales of
this article, 26,000 hales of which went out of this republic via
Tampico. During the past twelve months there was moved
over this line 13,487,575 lbs. of piloncillo, or raw sugar, at an
average distance of 164 miles, and upon which the revenue
was 7J^ cents per ton per mile. I have been informed that
the acreage in sugar cane this year is much larger than ever
The cotton crop of the Lagunal country for the year
before.
1890 was 36,000 bales, the bulk ot which seeks markets in
Southern Mexico. Of this the Monterey
Gulf RR. moved
over 8,000 bales, at a rate of not less than two cents per ton
per mile. The fruit industry is rapidly developing, and is a
growing source of revenue to this company. On oranges,
bananas and pineapples, etc. the rate on local shipments i»
10 cents per ton per mile, and on through 7 cents per ton per
mile. In the past. Northern Mexico's coffee supply has reached
it through Eagle's Pass, El Paso or Laredo.
There are large
coffee fields immediately contiguous to Tampico which ought to
be a source of revenue to this company, on which a rate of
3 6-10 cents per ton per mile will be realized from Tampico to
Rio Grande. There are also at Alta Mira, near Tampico, salt
wells, but so far uiidevelopedit
&
&
,
OCTOBRR
8, lr<ttl.J
THE CHRONICLE.
Wool, hides and skitiM, live stock, cascarilta bark, dyewoods
and rirp nro a source of constant shipments on which mostlj
local riites are ol)tniiied.
During the past year there has been
located iit Monterey:
Two Hineltfipi, capacity 450 tons of ore daily, to which b
now bcinK added 250 tons a <lay additional.
One foundry and niacliino slioj).
4b7
She (^oxmmxciiXl "gimts.
COMMERCIAL EPITOME.
Feiday Nioht, Oct. 8, 1891.
The weather has turned seas )nably cool, putting
4n end to
a period of excessive heat somewhat remarkable
?or its lonir
duration.
Raina have fallen over wide are*,, and
qalte
heavily in some section'^, relieving the drought
Two ict." factories.
which bad hZ
One tnachiue brick yard and several ordinary hand brick come serious, but hardly enough to replenish the streams
that supply many towns and cities with
yards,
water.
General
trade inakes moderate progress.
all of which (with the exception of one ice
Speculation in lealine
factory) are
staples show a good deal of feverishnewi, and
on the company's tracks and in operation. A large brewery
fluctuations in
and cold storage house is nearing completion, from which values are often quite fitful, subject apparently to other than
meats from the United States are to be distributed. A third legitimate influences.
The following is a comparative statement of stocks of
smelter of 500 tons daily capacity is under construction. This
leadsmelter in known as the Guggenheim smelter. To operate ing articles of merchandise at dates given
these smelters it will require daily about 1,000 tons of ore, 300
tons of coke, 133 tons of lime stone and 7 car-loads of wood.
1891.
1891.
1890.
Sept. 1.
The coml)ine(l output of the bullion will amount to 300 tons
Oct. I.
Oct 1.
daily, on which the company have one, two and five years
fork
bbls.
1*),482
16.985
12.375
contracts, the revenue thus^ accruing to ihem on which will Lord
tea.
90.280
34.857
49,938
hluls.
average two (2) cents per ton per mile. The bullion will all robaooo, domeatio
19,978
2V861
robaooo, foreign
bales.
«1.161
42,464
seek the European and New York markets via Tampioo. The Ooffee, Rio
4t.6l3
bags.
137,721
216,242
171, 10»
net revenue which the Monterey & Qulf RR. Co. will derive Oo (Tee, other
bat
4I,«92
17,603
45.470
from the above-named smelters at Monterey in my estimation Ooffee, Java, Ao
mau.
17,603
43,830
66.283
One aaah, door, blind and furniture factory.
One rollint; tlour mill of 133 bbls. capacity daily.
One soup factory.
—
;
amount to $490,400 American money yearly at the least.
In addition to the product of the Monterey smelters, contracts
have l)een m;ide with the Mexican smelters of the Cerrabro
mining districts for their outputs, amounting to 86 tons ner
month. The character of the ore produced in the Sierra Mojada, LaMula and Cuatro Cienegas districts lying west of
Trcvino is of such a nature that the smelters at Monterey re
quire it for fluxing purposes. Shipments of ore from Linares,
in the State of Tamaulipas, commence moving at the rate of
15,000 tons per month, on which this company will receive
two and one-tenth cents per ton per mile. Traffic agreements
are now pending for the establishment of a line of boats from
New Orleans and Pensacola to Tampioo, which will enable
this •oinpany to compete for business to and from all points
south in the United States with the present rail lines. From
these markets most of the lumber, coal and coke used in the
eastern portion of Mexico will be obtained.
Lumber at present at Monterey is costing about thirty dollars per thousand
feet, board measure.
The price of this article ought to be reduced about one-half. Coke is costing seventeen dollars per
ton, which ought also to be reduced one half in price after
giving to the railroad company large revenue from Tampico.
An important traffic alliance with the Ward line of steamers
between New York and Tampico has been made which should
enable this line of railroad to handle a large volume of business from the Central Traffic Association Territory.
-Firs^— The future of this railroad's success will be greatly increased by its immediate extension into the Sierra Mojada district, a distance of about 213 miles.
The proposed line bet wees
Trevino and Sierra Mojada would go up the Canyon de San
Marcos, leaving Sierra de laPila on its left. Both these districts
are mineral bearing, but so far few prospectors have visited
them, and no developments have been made. Several mines
were discovered, but from lack of transportation facilities
abandoned. At Sierra San Marcos three mines are being
worked. The San. Marcos is now in position to furnish 30 tons
of ore daily, and the other two mines will be ready in three or
four months to produce -ore. In adition to these mines
various others are being worked in the Sierra de la Fragus.
Coal cronpings are also reported to have been run across that
section, but nothing definite has been reported on this subject.
From or near San JIarcos two routes are open to Sierra Majada. One by way of the Puerto de Jova, which route would
traverse an undeveloped mineral country and non agricultural.
The other round by Cuatro Cienegas, tapping the trade
of Cienegas with its wine and fig culture, and also securing
ore from San Pablo mining district and the Purissuna range,
gi the latter range are located the Reforma, Santa Pila and
Porvenir mines, which are now in a position to furnish 90
tons of ore daily, with prospects of large increase. The other
mines in this range can furnish 30 tons daily. These ores are
now being hauled by wagons to Monclova on the Mexican International RR.
will
Second.— The Monterey & Mexican Gulf RR. in being conm Mexico a home enterprise, and having General Tre-
sidered
vmo as
President, Ls guaranteed the hearty support of all
persons
its vicinity and in the republic, which
counts much
in Its favor.
Its
m
lhird.—lt
not dependent on agricultural products for
*« only to be
l^ i *"'<="of the territory had at certain periods of the year,
though most
which it covers is capable of high
cultivation and pasturage.
Lauds can be purchased at from
Mty to sixty cents per acre.
Fourth.— This railroad can be operated at a very low percentage of its gross earnings, since water and fuel can be obtamed at a very low cost. AUo the rates permitted to be
cnarged by the Government are very high
compared with those
charged
the United States, in fact more than double.
is
m
(Signed,)
CECIL GABBETT.
statement of the Fourih Street National Bank of Phil.^~?^u-^
aaeiphia may be found among
the bank statements in the
aavertising columns of this issue.
Biigar
8n)?ar
iihds.
boxes.
bags, Ao.
Sngar
Melado
..hhrts.
Molasses, foreign
Molasses, domesUo
426,800
129,288
19,8e0
15,500
401.400
159.H97
25,998
1,698
1,218
bbU.
503
81,200
pkSs.
Unseed
493
bags.
...
300
26,000
oam.
Saltpetre
bbls.
None.
19.800
50,500
2,707
11,590
21,5.10
66,000
and sacks.
822
22,500
1,800
None.
16.200
lO^.OOO
6,707
10.100
146.875
900
None.
bags.
bales.
bales.
bales.
hemp
None.
129
8,500
378.60O
32,408
20,T9l
1.757
390
No.
Jute butts
Manila hemp
Sisal
603
16,000
bales.
bbls.
bbls.
Kloe, E. I
Rloe, domestio
Noae.
None.
213,47«»
bbls.
Spirits torpenilne
Flour.
792
Nou».
628.576
None.
hhds.
Hides
Cotton
Roslo
Tar
3,7a7
None.
685.037
None.
!',707
14,000
U 0.500
13<»,970
Lard on the spot has been inactive and
variable, but closes
steadier with a fair demand at 6-8)^6-90c. for prime
City and
7'10;^7 12J^c. for prime Western, with refined for the
Continent quoted at 7-15 rf7-45c. The speculation in futures made
a
smart advance on Tuesday in sympathy with the rise in corn
but turned easier.
vance on reduced
To day, however, there was a fresh ad-
stocks.
D&ILT OLOSIira PBIOCS OF L^BO rOPITBKS.
Ifon.
October delivery
NovemhtT
c.
liellvery
6'90
o
Decemherilllvery
January delivery
o.
o.
703
700
707
7-15
Tu»t.
710
718
Wgct.
70i
710
713
7-21
Thur.
705
709
7-13
frt
10
7-15
7-20
7-
7-25
7 13
7-32
7-23
7-23
7-29
Pork has been dull but closed more active. Cut meats have
been quiet. Medium and light weights of pickle 1 bellies are
quoted at 8%'^S^4c. Tallow is lower aai more active at 5c.
Cheese firmer, with a fair demand at S^i U|9 'io. for State fac-
tory, full cream.
Coffee on the spot has been a trifle more active, but at a
slight further decline.
Rio No. 7 is quoted at l3''^c. Mild
grades have met with a very fair inquiry at steady prices.
To-day 1,600 bags Maracaibo sold on the basis of 13o. for good
Cucuta. The speculation in Rio options has been less active,
and prices were somewhat unsettled, shosving, however, no
important changes for the week, but some irregularity. Today covering by local "shorts" caused an early decline to
be recovered. The close was firm, with sellers as follows:
12-400. January
ll-35c. April
ll'35o>
S'^**'Wojember .... U-40c. February
U-SOc. May
ll-40oDecember
ll-35o. March
ll-30c.!june
ll-45o
decline of 10,^15 points for some months and an advance
of 5® 15 points for others.
1
I
I
—a
Raw
sugars continue quiet and values have given way a
Muscovado and 3 5-16c.
forcentrifugals M-degrees test. The sales to-day included
2.000 tons domestic molasses sugar, 83-degree test, at 2 Kc,
Futures are dull and slightly lower, closing at 3-3(>f^3-38c. for
October and 3-22(u3-38c. for December.
Refined has been
rather quiet, and in some instances prices have declined a
trifle crushed is quoted at 5(35 i^c. and
granulated at i^(^
4>^c. The tea sitle, which was a small one, went off at steadr
tnfle, closing at 27^c. for fair refining
;
prices.
Kentucky tobacco for the month of September has sold to the
extent of only 1,200 hhds., but stocks are comparatively
small; good grades are firm, low grades quite neglected. Seed
leaf has again been in brisk request.
Refined petroleum is quoted at 6-40c. in bbls., 6-80o in cases,
and 8'90c. in bulk, showing a slight decline from last week;
naphtha 5-75c.; crude in bbL, 5-60c. and in bulk 3- tOc. the
same as last week. Crude certificates have been more active,
selling today at 68S^c<«r 61c., closing at eOJ^c.
Spirits turpentine and rosins are unchanged.
Wool is dull for domestio,
but faiily active for foreign.
On the Metal Exchange Straits tin soldat201.5c. for November, showing a partial recovery from a recent decline.
Ingot
copper
is dull and nominal at
12 30c.
Domestic lead ha*
improved and is quoted at 4-5ac. The interior iron
markets have not fully maintained the improved prospects of
last week.
slightly
THE CHRONICLE.
488
COTTON.
737,583 bales, against 833,398 bales for the same period ot
1890, showing a decrease since Sept. 1,1891, of 93,803 bales
Iton.
Wed.
Tuei.
In addition to above exports, our telegrams to-night
give us the following amounts of cotton on shipboard,;
cleared, at the ports named.
add similar figureai
New York, which are prepared for our special use by Met
Oarey, Yale
Lambert, 34 Beaver Street.
Fri.
T/iurt.
We
&
On
2 at—
Oct.
New Orleans...
Qalveston
El Paao,
New
11,93» 15,290
4,260
42
dio.
8,673 12,145 20,109
1,870 3,385 5,222
Orleans.
MobUe
8,725
1,233
5,430
1,104
8,901 14,064
3,685
2,762
3,714
3,071
.
3,743
6,644
1,811
2,415
2,865
3,6(1
1.440
2,697
578
870
West
Point...
N'wp'tN's,<to.
2,302
1,101
4
1,260
2,514
Wa*'gton,Ao
Norfolk
4,247
38,868
4,394
36,166
7
11,576
2,453
2,299
4
Mew York
119
Phlladelph'a.&o
422
341
30
13,558
8,788
163
15
133
323
698
873
215
200
163
385
Boston
Baltimore
2,096
1,784
3,612
3,427
832
210
60
1,178
323
1,178
Coast-
r^
wise.
Total.
4,051
1.778
5,000
1,900
50.533
40,375
18,000
10,700
None.
9,700
10.025
20,000
154
24
13.707
2,751
None.
None.
None.
None.
425
None.
5,127
1,766
5,000
4,800
None.
2,900
5,500
8,000
92,628
16,883
83,093
16,729
159,333
466
Total 1890...
Total 1889...
50,518
146
61,120
13,164
Florida
Bavannali
Brunsw'k, <&o.
Charleston
Port Royal,&o
Wilmington
Ottwr
France. Foreign
Total 1891...
8,840
104
6,039
1,300
5,742
1,632
4,157
7
1,183
6,084
Shipboard, not cleared—for
87,648
34,030
8,000
4,000
None.
2,800
4,100
12,000
89,697
67,645
7,321
9,372
27,068
18,117
19,481
18,890
143,567
114,024
187
186
Galveston
Total.
Savannkh*
6,119
Oreat
Britain.
~
Sat.
Vol. Lffl
'
Friday. P. M.. October 2, 1891,
Thb Movement of thk Crop, as indicated by our celegram*
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 330,968 bales,
against 316,386 bales last week and 159,055 bales the previous
week, making the total receipts since the 1st of Sept., 1891,
Beeeiptt at-
I
Charleston
Mobile
.. ..
.. ..
Norfolk;
New York
Other ports
None.
4.000
None.
None.
97
54i
78\
33
12
7
Estimated.
The speculation in cotton for future delivery at this mar
had a buoyant opening on Saturday last, but the higher pr
were mainly the result of speculative manipulation; and
Monday, under estimates of a very full crop movement
the week, with lower prices at Liverpool, most of Saturd:!
advance wtis lost. On Tuesday there was a fresh rise, ascri
to the approach of a "cold wave" from the Northwest, ;i
fears that the general rains at the South, which were qi;
heavy in some sections, might damage the bolls that w
open and ready for the pickers. On Wednesday the mar
was variable; an early advance, in which manipulation pla
a part, was followed by considerable depression. The recp
at the ports falling below estimates were accounted for by
news of an extensive strike among laborers at Savannah and
j
Totals this week 39,039 56,634 43,714 30,824 28.700 32,065 230.966
For comparison we give the following table showing the
week's total receipts, the total since September 1, 1891, and
the stock to-night, compared with last year.
I
|
i
i
i
1891.
Beeeiptt to
1890.
Oct. 2.
Thit
Week.
Galveston...
El Pa80,Ao.
50,518
192,161
146
61,120
440
WewOrleang.
Mobile
Florida
'Savannah. ..
Bruns., Ac.
•Charleston
..
13,164
38,368
4,394
26,158
Royal,Ao
7
Wilmington
11,576
Wash'tn.Ao
4
Norfolk
13,558
West Point.
NwptN.,Ao
York.
8,788
373
215
48,518
136
52,759
10,738
159,721
8,355
63,669
U
22,509
28
29,317
19,458
1,112
36,419
Phll'del'a,4o
813
182,120
15,989
93,544
25
49,057
44
74,911
30,154
1,529
10,913
21
26,714
6,782
534
327
1,787
183
233
..
Totals
431
151,096
25
906
396
447
4,377
701
737.588 246,938
1,178
280,966
1891.
189,962
49,928
8,823
29,147
1,178
..
Boston
Baltimore.
191,189
42,151
Since Sep.
1, 1890.
Thii
Week.
232
P.
Sew
Sine* Sep.
1, 1891.
Stock.
494
203
507
95.274
;
18*0.
53,857
148,892
12,025
53,702
11,110
97,793
3,187
46,494
80,318
i
17,394
16,888
6,110
i
i
330,993
In order that comparison may be made with
other years
totals at leading ports for six seasons.
we
give below the
1889.
1888.
48,634
53,759
10,738
49,928
29,172
10,939
26,714
7,316
10,718
43,218
67,684
13,518
52,284
19,062
7,858
13,882
13,339
14,529
39,931
230,966
246,938
Mobile....
Savannah
Oharl'st'n.Ao
Wilm'gt'n,Ao
Jforfolk..
Wt Point, Ac
Al others
Tot. this week
<lnceaept.l.| 737.588
333,396
245.374
718,173
1887.
4.5,653
8,746
43,888
28,937
6,932
18,336
8,917
3,758
!
i
625,820
1890.
i
|
1,091
50,664
61,120
13,164
38,368
26,156
11.580
13,558
9,161
7,195
i
Quotations were reduced l-16c. on Monday and advani
88,779
l-16c. on Wednesday, although stocks begin to show a la
accumulation thus early in the season. To-day the marl
21,846
was dull and nominal at 8 ll-16c. for middling uplands.
The total sales for forward delivery for the week are 449,'
34,183
bales.
For immediate delivery the total sales foot up this w. |
3,080 bales, including
for export, 2,060 for consumpti
833,396
1891.
vices of serious troubles among cotton pickers in West T<
nessee and a stronger report from Liverpool, but an ea
advance was not maintained. To-day an early advance wi
soon lopt and a further decline took place, which was attr
uted to the increased receipts at the interior towns, but v
largely due to realizing by bulls who had become tired
carrying their loads. Cotton on the spot has been varial
j
37,544
6,000
3,268
2,387
Beeeiptt at-
35,155
60,996
8,944
63,396
25,084
10,574
21,147
34,039
2,851
1888
34,080
43,819
5,304
47,234
30,348
12,647
14,191
5,309
4,001
493,499
251,186
197,166
'"'^^
>h«VrJ^5 » the week, ^^^^ o' 'lie Continent.
*he exports for ?'^'^
and gjnce September
1,
1,
—
for speculation, and
in transit. Of the above
bf
were to arrive. The following are the official quotations
each day of the past week— September 36 to October 3.
UPLANDS.
Sat.
« lb.
Ordinary
Strict Ordinary
Good Ordinary
Scrlot Good Ordinary
Low Middling
Scrlot Low Middling
Middling
.„...
Good Middling
Good Middling.
middling Fair
.!
Fair
Strict
6li«
6>«
7«8
7^^
8I9
"""'
9»i«
103,e
10»ia
.
Sat.
Ordinary
8 crict Ordinary
Good Ordinary
Strict Good Ordinary
Low Middling
sib
6^
„...
6li
'..,',\
588,49 1
Be'""
»
1801, to Oct. t. 18B1
Bxportti to—
67i«
6>.
81,4
10
^„
8>s
8i«
STAINED.
IOI9
non
Tneii
Wed
513,6
6lie
3!li
7i'i«
".y.'.'.'.V.
9i«
9i«
1018
«38
714
8
716,,
Til
6i8
8'S,6
713
6'»
7H
Sl8
8i«
S's
91,6
IHon Tnes
Sat.
«ib
81a
81a
8U„
6i»
61",
83„
6
6
71a,,
7
83,e
8».^
81«
9i«
9«8
8'
8<6,,
8»j,
8
9
9
8
913
9=8
9i5ie 91*18 10
109i6 109,, 10=8
1016,. lOiS,, 11
:|u
Good Ordinary
Strict Good Ordinary
LowMiddling
7\
104
So'
Iinsg
F»lr
738
9'16
93,„
9»16
9»,H
lO'i, 103,8
109,, 10»|.
lOig
91s
96,
Good Middling..
I
Good Middling..
MIddUngPair
6>ii
7%
7%
7>lu
8l*if
.
Strict
Middling
6',e
6116
7«i
818
8i<
8'8
7'3,e
8i«
Middling
—
189l!
6-„
SI"
6^8
8»is
Middling..
Tta.
6
8»8
9>«
GULF.
Low
Wed
6
ITlob rae>
8>a
'
'
.
905,962
of^ 07 l79*r^*°'",**'^,!^®?'^®'i'^^'iS this evening reach a total
From Apt.
—
—
—
Strict
190,568
i
i
164,782
10,000
6,491
1,990
Galv'Hton,4o
Wew Orleans
i
weather over agreat portion of the cotton region, though sligl
cooler, had cleared up, dispelling for the time apprehensi^
of damage by excessive rains. On Thursday there were
10
10
10=8
10'
11
Wed Th.
a\
«•»
714
7">18
7l»iB
513,„
6i,e
76,g
81a
S1S,„
6i,,
75,6
8ie
51
6
7t
8
MASKET AND
SALES.
The total sales of cotton on the soot and for future delivt
each day during the week are indicated in the followi
statement. For the convenience of the reader we also a
a column which shows at a glance how the market closed
same days.
SPOT M.UIKBT
CLOSED.
SXLES or 8POT AND TBAKSIT.
Export.
Saturday Firm
Monday., steady at 1,8 do.
Tuesday.. Quiet but firm..
Wed'day Steady at i,, ad.
Thursday Steady
.
Friday... Quiet
Total.
Oon- Spec- Tran
tump. ut't'n lit.
825
388
336
349
330
187
3,060
Sales
Futur
Total.
825
233
236
84,i
78,!
;i49
103.(1
230
187
58.4i
73.(9
j
I
3BKB
8,
THE CHRONICLE.
1801. J
BX 8ALK8 AND PwcKS OF FUTDBK8 are Hhown by the
489
1891.
1800.
1889.
b»lM.
667.000
14,000
1888.
488.000
26.000
868.000
33.000
380,UO»
Toul Great Britain (took.
atork St Hamburg
Stuck at Bremen
Stock at Amiterdam
DwinK comprehenaive table:
681.000
4.300
BO.OOO
18.000
nOO.MM)
385,000
1.H00
8.700
5,000
803,000
atock at Liverpool
Stock Ht London
Stock
Stork
Stock
Stork
Stork
Stock
Btock
800
200
7.000
163,000
10.000
at Rotterdam
at Antwerp
at Havre
at Marseille!
St Barcelona
stU
1.9(M
13.000
2.000
4.000
87,000
3,000
21,000
S,000
S,000
bti.OOO
6.000
32,000
._....
at Trieste....
13,006
4,000
9,600
4,000
800
800
600
15,000
63.000
6,000
27,000
7,000
6,000
73,000
3.000
90,000
6,000
7,000
845,600
162,100
127,800
130,500
Total European stooka.. .. 1,026,600
India rottonnnoat for Europe.
88,000
661,100
3K,000
299,000
22,000
330,993
87,879
21,086
512,800
37,000
261,000
IH.OOO
300.048
87,742
37,«69
432,500
84,000
123,000
Total Continental itooks
Anjer. cott'i] afloat for Europe.
E)typt,Braill.Ac.,KtltforK'r^pe
109,000
21.000
62^,820
142,246
20,680
Block in United States ports ..
Stock In U, 8. Interior towns..
United States exports to-day.
15,000
337,641
107,722
26,144
Toul visible supply
2,039,346 l,4.>7,0.'iS 1,252.250 1,060,007
Of the above, tbetotals of A merlcan and other description s are as f ol Iowa:
Amfricau—
504,000
212,000
165,000
Liverpool stock
bales.
Continental stocks
American afloat for Europe...
United states stork
United Htatesinteriorstocks..
United States exports to-day.
Total American
tasi Indian, Brattl,
Liverpool stock
202,000
56,000
261,000
142.246
20.680
199,000
48,000
298,000
3.30, BOS
67,870
21,086
87.742
37,069
171.000
50,000
123,000
327.641
107,722
26,144
1,669,746
984,958
944,459
805.507
103,000
14,000
133.600
38,000
21,000
181.000
26,000
104.100
36,000
22,000
161,000
22.000
71.800
37.000
16,000
119 000
13,000
80 500
34 000
15,000
369,600
1,669.746
472,100
984,9*8
307,^00
944,459
260,500
805,507
dc—
62.i,820
Londonstock
Continental stocks
India afloat for Europe
E(rypt, Brazil,
Ac, afloat
Total East India, Ac
Total
American
Total visible supply
Price Mid. Upl., Liverpool
PrlceMid.Upl..
30ii.048
2,039,346 1,457.058 1,252,239 1,066,007
I'sd.
5\d.
8H,„c.
New York....
10>sc.
1^* The imports into Continental ports
6".
5i6,„d
d.
10%c.
this
105|sc.
week have been
7,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 582,288 bales as compared with the same date
of 1890, an increase of 787,087 bales as compared with the
corresponding date of 1889 and an iruirease of 973,339 bales
as compared with 1888.
AT THE Interior Towns the movement— that
is the receipts
the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1890 is set out in detail in the
following statement.
for the
week, and since September
1,
—
i
M
>''^'?:'9^\
M
'
bt'x o: u«
oTSi! M
P:
,* C3
^r^COKJMtO WKtO
M<l
e o 00 "c m
B
;
.
;
c: 05 -' A^
*».
W
?!;
8?
10
OC
A *> «_*-•—_*. M
;
toci^OJOioota-vito-
otwec — fcootv'XiO'-'0)0»®os4-OQDO:cntJO
-3
a pU GC
>•».
"l-
c c «0 oc c V| <i ""U CO c CD h- ae
"i --J
aD-*lQ0WOQ«C-'l*JMC0®: tCOCOCtiOiWCOtC
c;Ta3w^^oa'<OQDOioDt>'Cco&-j«Dc;oj«o»
to ^ CDOA M 10 CO:
O 01 CCCOr^Cff 9 kO 0>>
CJ>
acoc
CO tu.
« cc'o w'rf^Viau'U x"bsos«« CD"! wo>'c;»«©oi
8h
l»
a O
•^ it^ QO -^
CO
U>
c;< CD Cd -^ CO ;^ to
o
We, have incliideil in H\e above taHlB. ana nuall oouiinue each
to (five, the averai?e i>rtce of futures eiM^li day for eaoh month
It
e found under ea<-U ilay following? the abbreviation " Aver." The
ige for each month for the week is also given at bottom of tjtble.
e following exchanges have been made during the week
to exch. 500 Oct. for Jan.
4S pd. to exch. 1.60(> Oct. for Jan.
to cxeh. l.OOii Oot. lor Nov. •(2 pa. to excli. loi) Oct. lor l>ec.
'47 pd. to exch. 300 Jan. for May.
to exch. 2(X) Dec. lor Jan.
to exch. 200 Dec. for Jan.
-lo pd. to exch. 600 Oct. for Nov.
d. to exch. 100 Dec. for Jan.
47 pd. to exch. 700 Jan. for May.
IB Visible Supply of (Jotton to-mght, as made up bv cable
telegraph, is as follows. The Continental stocks, »a well as
e for (jreat Britain and the afloat are this week's retams,
consequently all the European figures are brought down
Imrsday evening. But to make the totals .the complete
rea for to-night (Oct. 2), we add the item of exports from
United States, including in it the exports of Friday only.
A.
d.
d.
d.
i
|
*1»
ifh
«>^
<Xi
<0'
tf>
• UCOtOi"Co <iecxArcaD
to
COSi^ CJWtO WCiC CCtW JL CC->lWC'v'i-'-OC 'lii^OCC^
0^0>-abOk9i-'COl^COOr-COCDOO'->C>iC<CX'-'OCiCC0401tO^'C;*^
O"-*
C o"W(^
\^t^^
I
|
^
^ 03 O OD 1^ CO CO — O ^ ^1 <1 00 Ol ^ QD 1^ *>
»C
o cc u o< 00 •^ en on to CO <» #• CD M Cd -^ oo ^ CO
CD
-o
cc
*
t
I
A oi
«-* c;t
.
M< W(d
oX— o
•
>-*'
U"
t!'
eo»9^
06 "J
toA
*-*
cro)oi(oo:co
K CD '- w iv u a © J. c; ^
-J*
*- to CO
c-J'^ — •Pk-^iccoto; o: *-i(k pa: X tcC'M / WT ©xto-iccocouO-g*'".t0D0»0DCJtit. Q. .->>-OK<XiCJ-l^lOt>CJOXOtCei^OP'^
."
*
L MiisvUle dgures " net " in both years.
Tills year's flirares estimated.
The above totals show that the interior stocks have increased
during the week 34,035 bales, and are to-night 54,367 bales mor«
than at the same period last year. The receipts at all the
towns have been 23,156 bales mnri> than the same week last
year, and since Sept. 1 they are 31,865 bales more than for the
same time in 1890.
THE CHRONICLE.
490
following table
Rboeipts Fbom the Plantations.—The
f'om the plantation
ladteaSs the actual movement each week
nor Southern
The figures do not include overland receipts the weekly
OOMumption; they are simply a statement of
from the plantation of that part of the crop which
outports.
Anally reaches the market through the
m^mt
from Plant'nt.
RetttpU at th« Ports. St'kat Interior Towne. Rtc'ptt
Week
Enitnt—
18S9.
ISSO.
I
28...
»7,*0»
Sept. 4...
»
11..
" 18..
tT.lil
Ang.
Cot.
1891.
1889.
8,737
11,979
61,001
29,119' 46,826
Sl,t48
28,501
40,895
1889.
[
I
19,205
2«,fl08
(1,196
ia,8ee
l84S,S7t|24e,»38'330,966
87,713
e«,02( 67,865 100,884
eo,6to 99,196 181,431
85,100 141,967 188.601
83,U3 108,311 207,504 234,479
143,240 28«,15ol271,464
87,879
tl,43t
S2.BS1 1M,3«8 98,190
1$6,S*8' 171,708 159,05
191,8331211,622 3 l«,S86
2
1891.
1890.
1890.
81,i39
18S1.
I
42,810
82,589
80,466
64.6(6
108^96
177,685
239.4S7
166,001
from
The above statement shows: 1.— That the total receipts
bales; id
th^ plantations since September 1, 1891, are 833,905
bales.
1S90 were 906,705 bales; in 1889 were 792,356
2 —That, although the receipts at the outports the past week
was
were 230,966 bales, the actual movement from plantations
stocks at
265,001 bales, the balance going to increase the
plantations
the interior towns. Last year the receipts from the
for the same week
286,250 bales.
were 271,464
and
bales
were
for 1889 they
Quotations for MiDDLiNa Cotton at Other Markets.—
Below we give closing quotations of middling cotton at Southem and other principal cotton markets for each day of the week
Oetjber 2.
S^id
838
8I4
7i3ie
Mobile
.
.
Wilmington.
Sh
81s
838
^^
7i3ia
8
8U
SJfl
8%
838
868
81s
—
....
8I4
8i«
8»8
SHl
9
S
S'ls
8>8
8 IS
838
8=9
Bt.
.
7i3ie
71316
8
8
lis
838
8I4
838
i"ie
§"10
9
81,.®l8
§3'8
87,e
8=8
838
9
8',.®l8
eu,a^
!Il«
838
868
83e
8»8
838
8i«
S-s
9
81.6
8%
8%
Louisville...
Wednes.
8H
Silifl
8%
Baltimore...
Philadelphia
Louis
Cincinnati
81s
838
9
Boston
Memphis
Fri.
81s
838
8^4
713,9
8
8J4
81I16
81a
Norfolk
Augusta
89i,
838
8
8
Charleston.
Thur$.
81s
8=8
8I4
7i3,a
8
8»«
Tues.
3£on.
Satur.
Oalveston...
New Orleans
Savannah
on-
OLosraa QnoTATions for middliso cotton
Week ending
f3l8
Sh<i
8»8
838
i^'"
81 IS
858
838
at other important
The closing quotations to-day (Friday)
Southern markets were as follows:
SH
Little
8
8i8
7^8
8Hp
Kalelgh
Naahvllle
8H
Selma
8I4
Natchez
8>j6
Shreveport
77e
Atlanta
Columbus, Ga.
Columbus, Miss
Kufaula
Kock....
Newberry
8is
Montgomery..
8
S^s
Overland Movement for the Week and since
Sept. 1.—
statement showing the overland movement
(or the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given.
This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Oct. 2
and since Sept. 1 in the last two years are as follows:
We give below a
1891,
October 2.
1890.
Since
Week.
Sept.
1.
Week,
Via
St.
Louis
5,827
3,934
2,377
ggp,
j^
Total
—
4,683
4,492
2,007
61
2,308
1,720
7,122
po88 overland
16,896
9,928
8,226
96
J} iuct shipments
Overland to N. Y,, Boston, Ac.
Between interior towns
Weather Reports by Telegraph.— Our
5,977
4,252
9,609
2,500
1,215
4,772
9,296
11,822
7,445
254
4,332
8,121
11,411
23,2S8
54,981
telegraphic ad-
from the South to-night indicate that in Texas and at a
few points on the Atlantic picking has been interrupted by
vices
Elsewhere, however, crop gathering has made exc.ellent
The movement
is being freely marketed.
at Savannah has been interfered with by a strike,
Oalveston, Texas.—It has rained heavily on four days of the
week, the precipitation reaching three inches and fifty-seven
hundredths. The thermometer has averaged 77, ranging from
70 to 84, During September the rainfall was seven inches and
twenty-eight hundredths.
Palestine, Texas.— It has rained on three days of the week,
the rainfall reaching ninety-one hundredths of an inch. The
thermometer has ranged from 64 to 90, averaging 77. Rainfall for the month of September one inch and twenty-one
hundredths,
Huntsville, Texas.—Vfe have had hard rain on three days
of the week to the extent of three inches and nine hundredths.
Picking has been interrupted. Average thermometer 77, highRainfall for September four inches and
est 90 and lowest 64,
eighty-eight hundredths.
Dallas, Texas. We have had rain on two days of the week,
the precipitation being fifty-eight hundredths of an inch. The
thermometer has averaged 78, the highest being 90 and the
lowest 66, During the month of September the rainfall
reached one inch and thirty-seven hundredths.
San Antonio, Texas. We have had rain on six days of the
week, the rainfall reaching one inch and thirty-three hundredths of an inch. Picking has been interrupted. The thermometer has averaged 77, ranging from 66 to 88. During the
month of September the rainfall reached three inches and
and thirty-seven hundredths.
Luting, Texas. There has been hard rain on five days of
the week, the rainfall reaching ene inch and fifty hnn Iredths,
The thermometer has
Picking jhas been interrupted.
ranged from 64 to 93, averaging 78. During the month of
September the rainfall reached three inches and twenty-five
hundredths.
Columbia, Texas. Picking has been partially resumed.
Bain has fallen on two days of the week to the extent of
twenty-eight hundredths of an inch. Average thermometer
Rainfall for the month of Septem79, highest 88, lowest 72.
ber two inches and sixty-four hundredths,
Cuero, Texas. Picking has been stopped by the heavy rain
which has fallen on four days of the week. The rainfall
reaching three inches and eighty-nine hundredths. The thermometer has averaged 83, the highest being 92, and the lowDuring the month of September the rainfall reached
est 73.
four inches and sixty-four hundredths.
Brenham, Texas.-^t has rained heavily on six days of the
week, the rainfall reaching one inch and fifty-seven hunThe thermodredths. Picking has been interfered with.
meter has averaged 78, ranging from 66 to 90. Rainfall for
September four inches and sixty -tliree hundredths,
Belton, Texas. We have had rain on one day during the
week. The precipitation reached sixty-eight hundredths of an
inch. The thermometer has ranged from 60 to 93, averaging
Rainfall for the month of September one inch and sixty76,
rain.
progress and cotton
—
—
—
—
—
—
two hundreilths.
Shipped—
Via Cairo
Via Hannibal
Via Evansville
Via Ix>uisville
Via Cincinnati
Via other routes, &o.
[Vol. LIll.
—
Weatherford, Texas. Picking is'active. There has been one
shower during the week the rainfall being thirteen hundredths of an inch. Average thermometer 78, highest 96,
lowest
60.
Orleans, Louisiana. —We have had rain on one day
during the week, the rainfall reaching two hundredths of an
inch. The thermometer has averaged 79.
Shreveport, Louisiana.— There has been heavy rain on one
day of the week, the rainfall reaching four inches and one
hundredth. The thermometer has averaged 76, ranging from
New
19,720
47,681
2,794
7,466,
1,658
815
844
2,765
2,297
2,038
8,694
Columbus, Mississippi. More than half the crop is already
picked. Rainfall for the week, four hundredths of an inch on
one day. The thermometer has ranged from 66 to 92, aver-
65 to 89.
—
Inland, &c.,from South
5,011
2,036
11,270
Total to be deducted
8,620
20,773
5,267
13,029
34,212
14,453
aging 78.
Leland, Mississippi.— 'No rain has fallen during the week.
34,652
Average thermometer 79 '4, highest 97 and lowest 63,
Vicksburg, Mississippi. Telegram not received.
Little Rock, Arkansas.
The past week has been dry and
only four hundredths.'of an inch of rain has fallen since
September 10. The weather continues warm.
The thermometer has averaged 76, ranging from 59 to 90.
Helena, Arkansas. The bottom crop is opening rapidly and
is being picked in good condition.
The crop is short. Dry
weather has prevailed aU the week. The thermometer has
ranged from 60 to 90, averaging 75'5. Th<! month's rainfall
has been thirty -eight hundredths of an inch on two days,
Memphis, Tennessee. It has been hot and dry all week— no
rain since Sept, 10, The weather has affected cotton unfavorably, causing shedding and premature ripening, and the condition continues to decline. Fields are white with cotton and
picking is generally making rapid progress. The cotton marketed thus far is of superior erade and staple. Average thermometer 78, highest 93, lowest 58. September rainfall fiftynine hundredths of an inch on two days.
Nashville, Tennessee. We have had no rain all the week.
The thermometer has, averaged 76, the highest being 93 and
*
Leavlngtotal netoverland*..! 14,668
Including movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 14,168 bales, against 14,453 bales for the
same
week in 1890, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 404 bales.
In Sight and Spinners'
1891.
takings.
Week.
Receipts at ports to Oct, 2
Net overland to Oct. 2
outhem consumption
to Oct. 2
Total marketed
Interior stocks In excess
Si7ice
1.
Worth'n8plnnergtak'g«toOct.2
Since
Week.
Sept.
737,588' 246,938
31,212 14,433
ll,000j
833,396
34,652
52,000
257,681
34,033
829,800 272,391
86,317 24,526
920,048
73,309
58,000
296,917
916,117
893',357
115,003
I^jjilsj
It will be seen by the above that there has
come mto
during the week291,669 bales, against 296,917
bales
same week
to-night as
and that the decrease in amount
compared with last year is 77,240 bales.
of 1890,
1.
230,966
I4,KbS
12,000
Came Into sight during week 291,669
Total in sight Oct. 2
—
1890.
Sept.
—
—
siifht
for fhe
in sieht
—
—
the lowest 57.
Mobile, Alabama.
actively.
We have
—Picking and
marketing are progressing
had rain on two days of the week, the
October
THE CHRONICLR
8, i8Wl.|
rainfall reaching six hundredths of an inch.
etor ha.-* averapted 70. rnnijinK from 68 to 89.
The thermomMonth'b rainfall
and Hve hiimiredtli.s.
Montgomery. Alabama. -The weather has heen hot and dry
all the week and picking and urarketing are making rapid
finir ini'lies
If tlie line weatlier conti luoa anotlier fortnight
progress.
most of the cotton will be gathered. The thermometer ha»
ranged from 64 to 83, averaging 78. September rainfall two
inches and fifteen hundredths.
Selmrt, .4/(i;><i»irt.— It has rained lightly on one day of the
week. Average thermometer 79, highest 90, lowest 69.
Auburn, Alabama.— The weather has been excellent for
picking cotton, and the staple is being gathered in good conRainfall for the week two hundredths of an inch,
lition.
lie thermometer has averaged 67.8, the highest being 89 and
the lowest S6.
Madi-ion, Florida. Picking has made good progress, the
There has been rain on
conditions having been favorable.
one day of the week, to the extent of forty-flve hundredths of
—
an
inch.
The thermometer has averaged
to 91.
ranging from 62
81,
'
67.
—
Augusta, Georgia. The weather has been pleasant during
the week, with light rain on three days, the rainfall reaching
No improvement is to be
i-thirty-four hundredths of an inch.
Inoted in crop accounts. Shedding and rust prevail to a conBiderable extent and will reduce the product. The thermomhter has averaged 75, the highest being 87 and the lowest 65.
Juring the month of September the rainfall reached two
Qches and fifteen hundredths.
Charlexton, South Carolina. There has been rain on seven
days of the week, the precipitation reaching two inches and
seventy-eight hundredths. The thermometer has averaged
76, ranging from 66 to 84.
Stateburg, South Carolina. We have had rain on two days
of the week, the precipitation reaching twenty nine hunreths of an inch. The thermometer has ranged from 65-8 to
•7, averaging 73.
It has rained on four days of
V^ilson, i^ortli Carolina.
lie week, the rainfall reaching forty-eight hundreths of an
Averiige thermometer 74, highest 83, lowest 64.
ttch.
The following statement we have also received by telegraph,
howing the height of the rivers at the points named at 3
I'olock October 1, 1891, and October 2, 1890.
—
—
f
—
Oct. 1, '91.
Oct. 2, '90.
Feet.
Feet.
Above low- water mark
Above low-water mark.
Above low-water mark.
Above low-water mark.
Above low- water mark
ITew Orleans
Vemphis
fashvllle
reveport
loksburg
Ai.,BXANDRU Reckipts AND SHiPMENTfl.— Through amDMmenta we have made with Memni. D»vle*, Benachi ft Co., of
Uverpool and Alexandria, we now rec«iTa m weekly cable of
the movements of cotton at Alexandria, Egypt. The following
&re the receipts and shipmnnts for the pant week and for th«
oorresponding week of the previou.s two yeara.
Alexandria, So
ttptember 3(
1891.
1890.
120.000
339,000
180.000
376.000
Sooelpts (oantars*). ...
Tills week....
BInoo 8ept. 1.
Thit
Since
80,000
147,000
Thit
Since jl ThU
Since
veek. Sept. l.U leeek. Sept. 1.
I
I
iieek.\Sepl.
1889.
I.
Exports (bales)—
TO Liverpool
8,000
Total Europe.
*
A
cantar
la
16.000'
1,000!
...
ToContlueat
4,000
9,000' 22.00()
2,000
S.OOO,
7,000
1,000*
9,000' 20,0OOi 10,0001 27,000!
16,000
4,000
8,000;
{
30,000
98 pounds.
This statement shows that the receipts for the week ending
—
—
The therColumbus, Georgia. No rain all the week.
lometer has ranged from 68 to 89. averaging 81.
Savannah, Georgia. The movement of cotton and general
fbusiness are being retarded by the strike. Rain has fallen on
Biz days of the week, to the extent of one inch and eightytone hundredths. Average thermometer 76, highest 84 and
jwest
491
3-5
3-4
0-6
2-7
3-4
5-8
13-7
6-5
60
22-9
Sept. 30 were 120,000 cantars
9,000 bales.
and the shipments
Europe
to all
—
Manchester Market. Our report received by cable to-night
from Manchester states that the market is strong for yarns
and firm for shirtings. The demand for both yarns and
We give the prices for to-day below, and
cloth is good.
leave those for previous weeks of this and last year for
comparison:
1891.
32« Cop.
8<4 Ibt.
Shirlingt.
Twitt.
d.
d.
A'r38 6'8
«7»ii
97^
«778
18 718 07%
" 25 7% ai\
Oct. 2 7% tf?^
8ept.4 7
'•
11 7>4
••
1890.
Ootfn
Mid. 32» Cop.
TwitC.
Vpldt
R.
d.
5
5
8
«7
»7
®7
1
5
5
5
9'»^i7
1
*'».«
9
ai7
1
4\
9
97
9
5 10
s.
d.
d.
d.
4''«
m
m
4'a
478
d.
8%
d.
s.
8»9 as*
8^8 asss
838 »8»8
<^i«
8.
6
4is(»7
3
3
3
8^8
Hid.
Upldt
d.
6 AH1H 3
6 4»«»7 3
6 4)997 3
•8«e 6 4>s«7
I87„»8n,g!6 4'«»7
I»8<%
OotVn
8I4 Ibt.
Shirtingt.
d.
vi?s
5»«
5»"
»>Ss
5%
COTros CoNsnMPTioN AND Overland Movemsnt to Oot.
—In
our editorial columis
O/erland
to- lay
M >vement brought down
will
to
1.
b3 found our usual
October
1.
—
Liverpool Stock. A re-count of the stock of cotton at
Liverpool was made on Saturday last, September 26, and it
disclosed a deficiency compared with the estimited figures of
19,289 bales, distributed as follows: Am-^rican, 4,810 bales and
others, 14,439 bales. This showa that the deliveries to spinners
have been that much in excess of the figures published by the
Liverpool Cotton Association.
—
Egyptian Cotton Crop. ^The rep-irt of the Alexandria
General Produce Association for tha mjnth of August refers
to cotton as follows
—
India Cotton Movement from all Foets. The receipts
The iDform:ttion received dnrlni; AiiKOSt ontlaaes to be favorable
nd shipments of cotton at Bombay have been as follows for Tliehcat hash 'en latenseaidromil ird irlosftUe first half of them'inth.
wlilch permits of
The fl 'Od of thR NiU has attalnnd a fairly hiijh l«v
|he week and year, bringing the figures down to October 1.
a'Mindant irrikjatioi. TUess olrou instances hav.3 stimul »teil th < <levfllBOMBAY BECBIPTS AND SHIPMENTS FOR FOtJK TKASS.
opm at of tho cotton trees and the!r bl )83amlni;. The fl >wer.i und bolls
I,
Shipmente
Shipment t tince
thit week.
Great ContiBriVn. nent.
Great
Britain
Total.
10,000 10,000
1,000 2.000! 3,000
4,000 4,000
89i
1,000| 1,000
|888l
1.000
3,000
4,000
3,000
891
1890
I
Receipt:
Sept. 1.
Oonttr
nent.
Thit
Week.
,
^'>'<"-
18.000
10,000
16,000
17,000
17,000
7,000
12,000
14.000
Since
Sept. 1.
26.000
18,000
17,000
13,000
3,000
4,000
3,000
3,000
According to the foregoing Bombay appears to
a decrease compared with last year in the week's receipts of
1,000 bales and an increase in the shipments of 7,000 bales, and
the shipments since Sept. 1 show an increase of 8,000 bales.
The movement at Calcutta, Madras, and other India ports for
(he last reported week and since the 1st of September, for two
years, has been as follows.
"Other ports" cover Ceylon,
show
Tuticorin, Kurrachee
and Coconada.
Shipments tince Sept.
Shipmentt for the week.
Great
Continent.
1
Britain.'
Great
Britain.
Total.
Continent.
1.
1,000
1,000
1,000
2,000
2,000
3,00«
3,000
1,000
1,000
7,000
9,000
3,000
6,000
10,000
15,000
6,000
6,000
15.000
34,000
Madras—
1890
All others1891
1890
Total
3,000
1,000
3.000
3,000
1,000
2,000
1,000
9,000
18,000
1,000
3,000
4,000
1,000
1
'
10,000
14,000
17,000
38,000
5,000
4,000
27.000
42.000
1890.
1801.
1
1889.
Shivmentt
Europe
from—
Bombay
All other ports.
Total
.
m
1891.
Beh»ra ^l!!:.*''?!^
Charkiah
Dakahlleh
Qalloubleh
Garbleh
Menoofl.^h
Thit
leek.
Since
Sept. 1.
Thit
week.
Since
Sept.!.
Fayoam
A-Bloat.
Benl-Sonef
EXPOKTS TO ECROPE FROM ALL INDIA.
to all
m
Total
aU-
1891
1890
.-,
^'»'-
1,000
1,000
1,000
1891
.*go.
Worms In very am ill qii tntlcles made thjlr itp >e ir.»aoi la
Au?U8t, but, as prev onal they ilisippe ire 1 withiat do'ai say »>
damage. Oq tho oth^r hand, tox* mire or l'«s latensearo
preclab'.o
repo ted to have o-oarrod sevo-al tl nea. The li\)iii-y done by them up
Suoh,
is soaroely n iciooible.
to the p:eieat to the .vlir-AiH oott
however. Is not the oase with the .^.-ihmoanl and B i^nieh oottoa. T lese
ooasideraaly. Ve-y fortunately th«»e
la some lo -alitlex ha^es ifferdd
two qu.ilitle8 h .vfi fallen more and more oat of oultlvatlon, aa 1 have
been rep'a'ed by Mlt-.vilfl.
.
.
T sum up. our mformatlon Is g >od. The rapirts w.> haveraoelvei
give reason to ho )eas good res'ilis la HOO. a id wj shmldeislly share
thUhope If the dinger or fo^s aid uoavorab 1 wjaher. which are
still very much to be fearel In Sjptemb t, did out oblige iia to postpone un'll later our estimate of tne or.>p.
Tho foil wing a'e the oia la rtgures of the ao-eagi undiroottin this
year, pr ivluce by pr vinoe. I will bo notio id th it tli^s flg irei shiw
a dliuinu'lon or ^4,'23-j feddans, whereas tho informaMon wo have Tito bellove thit Kaiyoelved f o a onrojr ea Miiido iti would le.id
th ng, tho area n ider 00 ton thli year is rathjr supjrlor to thato; last
nUbt
'
Total.
Caiontta -
1891
1890
are pltmtif 111, and a ci>rtaln proportion of the latter are already rip? or
on thepniitof beini?80. N ve:thelo8n the crop U m>re biouwa-d th»n
last year, ontlmitted in eo ne distriors at els(ht and in others at flfteen
days. It iH therefore believe 1 1 lat the (lr.4t piokinijoaaQO besome general In Lower Egypt bj'oro from the 10th to tho iOth of Septem ler,
a0 3ordlnK to provini'es and lo 'alities.
In U >per gyptand thu Fayoim picking oomnaenoed aboat a fort-
TAi>
week.
Since
Sept. 1.
10,000
5,000
18,000
27,000
3,000
4,000
10.000
42,000
4,000!
4,000{
16,000
45,000
15,000
45,000
7,000
62,0001
8.OO0I
61,000
Bada
Oufrg'
Oalxoo
Keu
WxSi
Tot»l
Grand total
D*orM«el891
^3*4
l"'*!?
"''•^Sf
„ii'sll
*SS-2§»
82,338
•
779,860
770,433
,^ ..-...-........—•••••• 23,818
,?'iJS
**•*'!
60,123
1,063
13,759
23
,8
-Ir,
*'ZlV
135
6.913
51,»8l
314
1,981
7,915
85,086
8aS,47»
.831,241
84,338 feddan..
THE CHRONICLE.
492
Satur.
jute bagging
Jute Butts. BAOGma, &c.— The demand for
has been moderate during the week under review, Liverpool, steam d.
on the spot
13.
bia...<i.l
Do
has been a fairly
but in execution of former orders there
Havre, steam. ..(<.' 'laS'^sa
movement of stock. The market is steady, the close
Uberal
d.l
....
Do
for 2 lbs. and 6%c.
to-night being at dj^c. for 1% lbs., 8Mc.
Bremen, steam.. d. I3«4a''a2
limited
While there has been only
Do
d.\
for standard grades.
Quotations Hamburg, steam. c
733
transactions in butts, the market continues strong.
Do
c
for bagging
to-night are IJiJc. for paper grades and 3)^o.
Hon.
I
Do
Reval, steam
The weatber ba» been very favorable for the cotton plants during the
uiost y
ween, the rains having held off, aud althousrh the sky was which
suushme.
cloady there were frequent pr longed periods of
and allowed weeding; to be earned on. Sojue
BtrenKthened the plan's
welcomi! and the
llaht slinweis of r.Uu in Oomra dlstrloto would now be
Broar-h and
a .pearance of the sky gives early promise of rain.
are
BhownuK<t("r are getting favorable weath -r, and the re-sown fields
Barcelona,steain(t.
are
Bengal reports
Bhiowlnif plants u to 3 inches above the ground.
from too
varied; some distrlo s want rain, while others are suffering
districts again the plants are flourishing.
Bucli rain, and in other
The Bombay Prices Current
of
same date
After the weather and crop reports by wire were issue 1 in the middle
week there had been, up to Monday, very little rain over the
cotton area, ami. as a further fall was not generally required, the
plants were repotted to bj flourishing in most or the distriits where
they were growing, while Siwing was making good progresn in others.
The only district where the absence of rain uad pteveited the cotton
croii b-ing sown -wat Bellary, while a further fall was needed at Bea
war, in the Bengal circle. On the other hand the crop was suffering
from too much rain at Dellii, and at Khaugaum, in the Oomra circle,
weather was required; but at Jnlf^aum, in the same
fine
circle, «here, it will be remembered, the rainfall had been excessive, the plants continued to sh'nw more improvement. At Broach the
weather was seasouable, Hnd crop pro.'iiiects were good, the late unusually heavy rain notwithstanding. There had been no further fall in
the Dhollera circle, but rowing had begun at Veerumgauu. it was progressing at DSioUera itself, aud the plants were flourishing at Bhownuggur, in which district the prospects were stated to be good. Since
the above advices came to hana heavy and continuous rains fel at
Cawnpore, in the Bengal circle, briui^iug up the fall to over the average, and the plants were flourishing in this distrlot. Generally, this is
.tfso the telegraiihic report from other circles to-day, though more rain
Is wanted at Oomrawuttee and Barsee aud a break at Khangaum.
Weeding was complete 1 in the Broach district, aud from BhoUera the
news IS favorable on the whole.
—
SHiPPiNa News. The exports of cotton from the United
Spates the past week, as per latest mail returns, have reacheo
64,788 bales. So far as the Southern ports are concerned, thestr
ftre the same exports reported by telegraph and published ir
the Chboniclb last Friday. With regard to New York we
include the manifests of all vessels cleared up to Thursday.
Total balea-
Hew Yokk—To
Liverpool, per steamers Bothnia, 1,574 ...
City of New York, 1.309... Cuflc, 4,173.... Italy, 4,171
... Phidias, 2,67i:....8ervia. 2,083. ...Wyoming, 619
16,601
To Hull, ler steamer Colorado, 2 223
2,223
To Havre, per steamer La Champagne, 699
699
To Bremen, per steamers AUer, 6o4
Lahn, 531....Werra,
724
1,939
To Hamburg, per steamer dnia, 70)
700
To Amsterdam, per steamers Dubbledam, 200
Betterdam, 81
284
To Genoa, per steamer Victoria, 819
819
Kbw OBI.EANS—To Liverpool, per steamers Electrician, 6,200
Vesta, 5,800
12.000
To Havre, per steamer Joseph Johns, 4,5b9
4,589
To Bremen, per steamer Mareca, 5,705
5,705
GALViiSToK— To Liverpool, per steamer Ifleworth, 6,068
6,068
Wilmington— To Bremen, per steamer Stratheyre, 4,820
4,8^0
HOKFOLK— To Liverpool, per steamer Flaxman, 985
985
Boston— To Liverpool, per steamers Ceplialonia, 487 . "'
Georgian, 25
Roman, 1,056
1568
."."
Baltimokii.— To Liverpool, per steamer Carthaginian, 3,380
3,380
To Havre, per steamer Alma, 400
400
.'.'1
To Bremen, per steamer Habsburg, 210
210
To Hamburg, per steamer Scandla, 200
200
To Antwerp, per steamer Sorrento, 400
400
PH1I.ADKLPHIA— To Liverpool, per steamers Britisli Prince,' 914
Ohio, 184
1 -198
.
"
lotftl
64,738
The
particulars of these shipments, arranged in our usual
form, are as follows:
Bremen
d Ham- Ant- A mater-
Liver-
New York.
pool.
1«,60V
N. Orleans. 12,100
Galvesion
6,068
Wllmlngt'n
Norfolk....
Boston
Baltimore
Pblladelp's
Sull. Savre,
2,-/23
699
4,589
•....
burg,
"""
2,639
6,706
toerp.
'
4',820
Total.... 41.800
2,223
6,638 13,574
1,568
4,590
1,198
400
400
732
'3;
'32
'39
40'
45350- 45950*
40'
40'
— «4«'-32 16^4®»3;
»"84 0'"3a
l°e4«»«»
Ht
Hi
H\
"41
'32
7aj
H
H
^4
^4
H,
»33
»S2
b,^
Per too lbs.
LiVEBPOOL.
Hi
'4t
7j,3
Genoa, steam. ..<<.
Trieste, steam. ..dj
Antwerp, steam. d.
t
"32
Steamer October
15tli.
—By cable from LiverpDol we h-WA the following
statement of the week's
sales, stocks, &c., at that port:
Sept.
Sales of the
week
Actual export
Forwarded
Total stock— Estimated
Of whiohAmerican— Estim'd
Total Import of the
284
819 "64,788
Below we add the clearaooes this week of vessels carrymB
c itton from United States ports, bringing our data down
to
the latest dates:
^^T.f H°!?~'''?,"y*J^g*°'~''«Pt- 28 -Steamer Bt. Clears. 6.250.
impress, a,025....8ept. 30-8teamer
ScmU«li>^Sce?-I^."""
To neval -Sept. ^is-Ste'amer Birch,
3,830.
I'"erp<)ol-8ept. 25 -steamer Graoia, 7,52.J.
T?^?^~J"i''''.'"y<""rS''P' •i«-8teamer Norfolk, 5,364
To Genoa-Sept
week
Sy>t. 18.
53,000
4,000
4,000
41,000
6,000
64,000
746,000
20,000
15,000
70,000
50,000
12,000
Of which American
Amount
11
79.000
3,000
9.000
56.000
2.000
68,000
796.000
592,000
16.0(10
bales.
Of which exporters took ...
0( which speculators took..
Sales American
afloat
43.000,
Of which American
28,000
551,0110
Sept. 25.
Oct.
49,000
2,500
400
39,000
5.000;
59,000
711,000,
516,000,
29,000
14.000
90.000;
80,000|
2
66,000
2,400
4,500
53,000
4,000
58.000
667,000
604.000
38,000
31.000
105,000
95,000
The tone of the Liverpool market for spots and futures each
lay of the week ending Ooi. 3, and the daily closini< pricf s
of spot cotton, have been as follows:
Saturday Monday. Tuesday. Wednea. Tkurad'y. Friday.
Spot.
Market,
Pair
bnainess
doing.
(
1:45 P. M.)
Mld.Upl'ds
tjulet
but Harden'g.
steady.
413,6
413x9
4i3ia
10,000
8,000
1,000
1,000
600
12,000
1,000
Spec &exp.
Future*.
steady at steady at Qalet at
Market,
:et,
1-64 departially l.ei@2.64
I
1:45 p..M.J
cline.
l-«4 adv.
decline.
Market,
4
p.
}
M.
Good
Dull.
steady.
Steady.
demand.
4''8
4''8
12.000
1,000
10.000
1,030
413i,
10,000
Sales
Firm at steady
at
3 64 ad
vance.
l-»4®>!-«4
Qolel.
Quiet but
steady.
5
Steady.
decline.
o,.-fl,
Steady.
Tbe opening, highest, lowest and closing prions of f utarei a t
Liverpool for eaoh dav are givan balow. Prioas ar on th e
basis of Uplands, Low Middliai clausa. ualeas ot Her wine st ite 1 ;
^P" The prices are given in pence and 64(A. Thus; 4 63 meant
4 63-6id., and 5 01 means 5 l-61ri.
>
Sat., Sept. 'i6.
Man., Sept. 28.
Open
Biati
Low.
Cloi.
d.
d.
d.
d.
d.
d.
September.. 4 61
Sept.-Oct... 4 51
October. ... 4 61
4 61
4 61
4 61
4 51
4 61
148
4 46
4 49
4 49
4 61
4 51
4 61
4 51
Oct.-NoT.... 4 51
NoT.-Dec... 4 66
Dec. -J an... 4 67
Jan.-Feb.... 4 60
F«b.-Mch... 4 63
4 61
4 51
4 65
4 67
165
58
4 80
4 63
4
Moh.-Aprtl. 603 602
April-May. 6 02 6 03
6 08 6 08
May-June
.
4 51
4 56
4 68
460 4 60
4 63
5 02
6 05
4 63
5 08
5 08
6 02
5 05
June-July...
open High Low.
d.
6 03
6 06
Wed., Sept. 30.
6 00
5 03
4 46
4 46
4 51
453
466
4 59
4 62
6 01
604
Open Bigh Low. Clot
d.
d.
Clot.
OpCTl
d.
d.
d.
d.
4 60
450
4 62
6 01
6 01
4 18
4 63
6 02
Sept.-Oct...
450 450
4 60
4 60
October
Oot.-NoT_
4 61
4 61
September.. 4 50
4 52
4 52
4 66
450| 450
Dec- Jan.... 468 458
Jan.-Feb.... 460 460
4 57
4 59
NoT.-Deo... 465
Feb.-Mch... 4 eS
Mch.-AprU. 6 02
April-May.. 6 05
May -June
6 08
.
June-July...
;
1
4 63
5 02
60«
6og
....
4 50
4 54
4 56
4 59
1
4 50
454
4 62
tei
6 01
5 01
6 07
5 01
5 04
6 07
4 61
600
606 6 04
d.
417
147
4 17
117
151
15a
16«
169
182
6 01
50t
Blah Low.j
d.
FrI., Oct. 2.
Oct. 1.
4 60
d.
d.
118 lie
416
4 17 418 4 46
117 148 146
4 61 4 62 150
4 54 4 64 163
4 57 157 153
4 59 4 60 168
4 47
4 47
....
Than.,
Oven High Low.
.
d.
446 446
446 44«
448 119 4 46
44S 419 4 48
152 163 4 60
4 55 4 66 453
168 468 4 55
160 4 61 4 68
4 63 6 0» 161
6 02
6 06
Oloi.
Toes., Sept. 29.
....
985
410
aljj 13^4*732
13g4'<*73j 1 '(4
d
22,294
6,068
4,o20
....••
400
'as
*l€®''32
'l8®''.'i2
3l8®''.'!2
d. iBt^a^sa
Do
dam. Qenoa. Total.
284
819 23,265
985
1,568
S,3B0
1,198
7s2
13«
says:
of last
i"'.
Fri.
e
East India Ceop Peospkcts.—The following is fromMessrs.
Gaddum, Bythell & Co.'s report, dated Bombay, August 31;
last
Wednes. Thura.
Tues.
Hi
40'
Amst'd'm, steam.e.
qualities.
Ulh
H'^oi,
d.
Olos.
d.
Open Bith Low. CiM.
d.
d.
d.
d.
....
....
....
4 61
4 51
4 61
4 57
4 58
4 62
4 62
4
4
4
4
62
65
510
4 61
4 51
464 4 51
67 156 156
59 158 158
4 62
iOl 5 01
604 6 01
5 07
15t 4 51
6 07
5 10
li»Vl»i:''.n''*T'^T''
4
4
62 4 53 152
52 153 152
463
4 55
456
4 67
1 56
4 65
4 53
4 60
4 63
161
60O
167
159
161 161
500 5 00 463
6 02
5 02
6 06
6 03
6 06
5 02
6 02
iOo
6 03
6 00
6 05
6 08
6 08
6 03
608
6 07
6 05
6 08
4 57
4 59
4 61
4 57
4 58
4 69
4 61
600
So-Steanier Jesmond,
WM?''pmS?~T" Liveriwol— Sept. 30 -Steamer Fiiixiimn 3.965.
WEST POINT— To ,"!''££?",'-|<"" ^«-8leamer Momoa,
BOSTON-To l.iver,H,pli8,,pt. 22-8lea.T,er iumiLb a i aoV't i^-7
Sent 25Steamer Samaria,
...Sept. 28 Steamer Michigan
Baltimoke-To Uverp.K,l--Stpt. 2.<-Stea.n» Quinsmo^^^^^^^ .!£_
To Ixmdon-Sept. 24-8teamer Minnesota, 200
To Haiuburg-Bept. 24-8t«amer Oolhia. 900.
To Rotterdam -Sept. 24-Steamcr Mendelsohn. 100
PHILADKLPHIA-To Liveppool-Sept. 29-8teamMLord'cilve
Cotton freights the past week have been as
follows:
BREADSTUFF S.
'
'
Fkidat, October
2,
1891.
The markets for flour and meal have been more active for
the week under review, but improvement in the volume of
trade
may
be ascribed largely to a disposition amoag holders
This is eapecially true of
and receivers to make concession).
OOTOBKU
8,
1891
l^HE CHRONICLE.
]
Hour from new whoat, of which stocka bexan to
uncomfortable accumulation. High grades from old
wheat are reliitively soaroe and well held. To-day, holders
of nearly everything were inclined to ask more money,
after a very jjood morning's business at old prices.
The wheat market has been unsettled, yet the fluotuations
were within narrow limits. Advices from the Continent have
not given support to values. The export business has not
been large, but on Wednesday transactions were reported to
the extent of 210,000 bushels, including No. 2 red winter at
(tl 031^ afloat and
§1 Oi^^Cottl 05 for early arrival, and No. 1
Northern spring at |1 04S|(S|l 0!i, afloat but part of the early
purcliHst's were re-sold before the close of business. Evidence
accumulates that the yield iu the Northwest is enormous. Today stronger cables and wintry weather (including heavy
snow) in the Northwest caused a smart advance, but brought
export business to a stand.
DAILT OLOgINO PRICKS 07 NO. 2 RBI) WINTBB WH8AT.
low
xraileB of
how an
Wed.
Sat.
OctotxM- lU llvory
Novi'inliir (Inhvery
DooemI)cr <lt-Uvery
Jlfon.
Tue».
o.
I0«3g
102''8
lO.i'g
105%
106%
IO2I1
101»g
106V»
10359
o.
o.
c.
lOS"*
107%
104%
100%
108 4
no>8
Thurt.
102'8
104'8
Fri.
10438
1<";%1
106%
108=8
lOSag
llOU
1093a
llO's
11239
I0718
10««8
llO^i
Ill's
113>4
Sat.
Janiiarv delivery
February delivery
Murcli delivery
May delivery
Jfon.
Taes.
59
60%
61%
Wed.
60»8
Thurt.
6II4
61»8
5959
61
55i«
59%
60 19
62
..o
o
Ill's
UPe
110
112
113
llS^i
493
Below are the rail ahipnaenta of flour aad grain from
Weatern lake and river ports for four years:
1891.
1800.
1880.
Weik
Hour
.
Wht%t
btuh.
237,900
1B88,
ITm*
Srol. 27.
280,462
bbU.
Week
Sept. 26.
Bmt. 28.
1(W,.W7
726,764
316.514
r«4*
20
a«pt.
332.511
.531.6.37
.'50';.»73
453,802
339,379
1,436,594
8'43,63i
312,444
47,968
832.502
236.5aA
1,519,217
138,103
820,994
82,616
419,402
103,031
3.000,613
Oom
OaU
2,782.143
2,133.096
3.111,858
1,505.901
313,331
Barley
Bye
Total.
The reoeipta of flour and gram at the seaboard
weekended Sept. 36, 1891, follow:
'/?!"•
'?*«o<.
Oom,
l>ht§.
^f
^
^
iTewTork
Imth.
buMh.
Oalt,
buth.
porta for tba
Barley,
biuh.
Rye,
biuh.
140,757 2,257,385 1,385,125 1,095.725 6,000 463,850
TfUm
87,310
50,110
143,882 254,551
P70
24 030
114,978
87,025
74,240 12,337 893.573
oS?'?^V."" Wi^i 239,891
PhlladelpWa.. 64.879
60,316 122,623 ......
1 200
Baltimore
62,752 68H,197
31,411
65,310
207 127
Hlohmond ....
8,040
11,785
6,5.56
23,849
100
taw Orleans.. 10.607 226,750
9,782
30,532
.....
Total week.. 393,551 3,5S8,999 1,724,097 1,675,830 19,207 1039.880
week '90. 316,241 318,588 1,612,795 1,053,317 32,400
14,974
Jtr.
112%
11278
114%
The exports from the several seaboard ports for the week
Indian Corn was quite buoyant early in the week
Sup- Aiding Sept. 30, 1891, are shown in the annexed statement:
plies, which had been increased through speculative cimpli
KxportM
cations, showed a material reduction, and the export demand
WUal.
Oom.
Flour.
OalM.
By.
from—
itw.
became more active. Shippers took about half a million
bushels, mostly at Q)^@6iio., in elevator and afloat, for No.
BwK.
Buih.
Bblt.
Bu$h.
Bulk.
BiuK.
6l,6>i6
3,040 329.749
3 mixed. White corn brought about the same prices as »ewYork 1,419,428 535,030
3,776
Boston...
48,756
84,043
59,800
10,343
55,511
mixed, but yellow remained nominal. To-day a reduced Portland.
movement at the Wf St caused a dearer speculative market, Montreal. 20i;672
62;45"
14;689
32;648 383;335
258,320
86,000
but spot corn was dull. A load of prime yellow s >M at 63c. Pliiladel
10,079
Baltlm're
819.143
22,398
for early arrival, and No. 3 mixed was taken by the local ».
206
"30 83',54"8
Orl'ns.
585,1.55
804
->•
trade at 6S@63i^c. in elevator and afloat.
S.News..
1,921
Slobm'd
......
......
DAILY CLOSINO PRICES OF NO. 2 MIXED CORN.
'
0.
'ober delivery
o.
eiuber delivery
c.
't'nil»er delivery .....o.
iimry delivery
o.
i> delivery
c.
.
57%
5414
5114
54 >a
51
51
51%
51%
55
55I4
51%
Fri.
rot. week. 3,331,795
4'me time
1890...
117,490
55^8
52
767,724
169,471
727,295
142,320
i
45,467
852,143
4,303
81,354
13.268
The visible supply of
grain, comprising the stocks in granary
SI'S
51>4 at the principal points
of accumulation at lake and seaboard
Oats had the benefit of tome renewal of export demand ports, Sept. 38, 189J_:
Wkeat,
Oom,
in mixed grades.
Oait,
Although purchases for this account were
Barley
In $tore
buth.
bu$k.
busk.
buek.
but*.
not large, they liad the effect of stiffening values. The SewYork at—
4,383,.597
450.989 1,403,547 5.56,274
purchases were mainly at 33@34J^c. for No. 3 mixed, in eleDo afloat
302,700
241.000
108,800
vator and afloat. To-day the export demand continued and Albany
10,000
42,600
18,500
Buffalo
1.082,639
449,651
146,090
30,756 106,780
the general market w as slightly firmer.
'Jhloago
2,998,473 4,30S,750 1,606,874 647,910
99,896
DAILY CLOSING PRICES OP NO. 2 MIXED OATS.
vfllwaakee
203,.543
.,
1,000
80.403 203,087
DulutH
1.20^,9ti2
Sal.
Mon.
Tuet.
2,609
Wed.
Thuri.
841
Fri.
Toledo
1,311,157
Oct. delivery
69,797
54,883 165.709
o. 3278
327g
33
3316
fni«
3318
Detroit
541.914
Novcmlier delivery
18,992
'{9.336
3358
73,342
o.
49,152
33%
34
33>t
34
3414
Oswego
40,000
DeiembiT delivery
20.000
3438
o. Sl"^
3t%
34^8
3478
25,000
35
31. Louis.......
2,25i,974
130,851 225',748
May delivery
37>4
iie'oo
0.
3713
2 (.791
37>s
37% Olnolnnatl
37»fl
6,000
8.000
10.000
13,000
11.000
Rye has been dull and prices have latterly shown a droop- Soston.
42,820
40,510
64.195
1,879
2,285
23.427
1,4,50
153
7.433
ing tendency, but to day the market was firmer, with a sale Toronto
vtontreal
"2,200
lH3.12:i
98,.'i92
9,716
18,817
of No. 'i Western at 97c. afloat. Barley has been quiet and Philadelphia...
705,439
43. ISC
108.976
""923 "i'Xii
Peoria.
barely steady.
6.463
41,195 440.904
46,988
2,710 192.1fi5
1 I. '100
The following are closing quotations for wheat flour in- Indianapolis
Kansas City
662.171
25.8J6
71,507
36.690
barrels.
(Corresponding grades in sacks sell slightly below Baltimore
1.756.308
35,234 182,203 247.940
these figures):
'illnneapoUa
3,177.858
7,3 -IS
37,602
1,556
52,230
OnMlaslmlppl...
FLOUR.
129,621
6,375
68,560
On Lakes
4,391,360 1.701,948 480,180 323.831" 58iU9"3
Fine
$4 90a$5 25 On oanal A river.
V bbl. $3 203*3 65 Patent, winter
1,36'4,0U0 1,211,800
94,800 215,800 109,800
Supcrtlne
3 50» 3 85 City slilppin/j, extras. 5 25'» 5 30
txlia, .No. 2
3 908 4 00 Rye flour, supertlne.. 5 Ooa 5 20
rot.8ept.26.'91. 26,861,537 8,887,009 5,470,224 2.538,201 1,263,707
Extra, No. 1
4 10» 4 50
Fine
3 75® 4 00 Tot. Sept. 19,'91.
24,-543,614 9,249,335 4,180,946 3,034,658
Clears
677,002
4 50® 4 75 Cora meal—
rot. Hept.27,'90. 16,8i9.828 8.039,204 4,123.010
570,3712,381,676
Siraiiihts
4 70a 5 00
„ Weslern.Ao
3 2E « 3 40 ,„
Tot. Sept.28,'89. 17.853,213 12.93 i,5;)8 5,739.112 1,552,456
585,559
Patent, spring
5 15i» 5 50
Brandywlne
3 75 ® 3 80 Tot.a
8pt.29,'88. 31.509.963 10.048.020 6.914.960
834,463 364,438
GRAIN.
Wheat—
"Of whloh 1,252,777 Is due to Inoluslon of 7 elevators at Minneapolis
c.
0.
Corn, per bush.—
Spring, per hush ... 1 00 » 1 10
We.-it'n mixed
61 • 63i» lust made " regular."
Red winter No. 2.. 1 04 ®105'4
W'n mix. No. 2
a
Red winter
96 ®108
West' n yellow
61 •» 63i«
White
100 ®105
Weotern white
61 » 63
Oats— Mixed.. S bu. 32 "^a 35
Haw TORK, Friday P. M., October 2, 1801.
Rye White
34 t> 41
Western, per bush. 95 ® 97
The full effects of the abnormally warm weith-^r which
No. 2 mixed
State and Jersey.. 93 9 08
33>i3 341a
prevailed during the greater part of last month were plainly
No. :i white
Barley— No.2Wegt'n. 71 a 72
35>s3
Buckwheat
visible in the smaller busine-is transacted
55 » 57
in dry goods
'
,
.
THE DRY GOODS TRADE.
The movement of breadsratfs to market is indicated in the
statement below, prepared by us from the figures of the New
Jfork Produce Exchange,
We first give the receipts at
West em lake and river ports, arranged so as to present the
comparative movement for the week ending Sept. 26, 1891.
ant* since August 1, for each of the last three years:
HKMpU
ot-
nour.
(FkMt.
au<k.mib,
"bioaao
83.961
Mllmntae.
53.7«
822,040
Uolnth
se.oiH
Oom,
uato
Barl*»
Bujk.S8lh. Buak.4HI',
2,107,8«2
1,381,751
484.466
8,100
M,0M
475,300
A»«.
3,1«3.864
utnn<Mpoli».
TolMo
"•troll..
1,470.886;
489.068
68,380
8,021
4.685
886,077
183.788
46,087
1,018,870
84.800
30,612
16,806
18,835
60,486
8it.8l«
88.861
818,060
189,800
416,960
78,378
348.000
80,968
8,464
78.886
80,600
Touwk. -Vl.
Sam* wk.to.
863.875
286,446
7,209,4'j8
8,687,637
8.414.863
1,108,794
3,009,328
3,612,008
8,176,171
1,613,827
788,990
118,778
ii>m« wk.'89.
265,4671
3,488,041
2,8M,;S8
1,868,873
697,887
189.001
.
12,247
iu Lonla...
27,471
e*orU
Sinc4 Amt.
1S»I
S,150l
1.
1,779.084
53.»87.02e
18110
1,866,089
18,7T7,67»
laaa.....
ijaB.a4al
ajaa.oaB
plaining of indifferent business in staple cottons. In these
the tone of the market continues steady with an occasional
slight appreciation in the value
of low-grade
brown
sheetings
and in colored cottons
but
there
has
been
less
confident
expressions
of
belief
in • a
generally higher range of values than were heard a short
while ago. Business in fall prints and gingham-t has been
moderate, but in the latter good orders for spring deliverins
have been placed for fine dresi makes. Priut cloth manufacturers this week decided not to conflriu their previous
resolution to reduce wages, a course whica has met with
general approbation here, as it removes all probabilities of
trouble with the operators and conse(|uent disturb ince of the
market for finished goods.
Trade report.s from different
parts of the country are quieter, although still confident with
regard to future prospects, and collections are in the main
;
1.7«3,820
CI«T«iaD<5....
week. Orders from the West and Northwest were
fewer than usual, and the attendance of buyers, piece and
package, much reduced from late dimensions. Local jobbers
and retailers did an indifferent business. Other Eastern markets were comparatively slow and the demand from the South
no better than it has been. A dull trade at first hands have
been the natural consequence, and althous;h som-^ few agents
have reported considerable sales the majority have been comcircles this
44
83.419
8,900
satisfaotory,
THE CHRONICLE.
494
UII.
Vol..
I
DOME8TI0 COTTON Gk)0D3.—The exports of cotton Koods ing to produce goods to any extent for stock, the position of
^,blB slow sellers shows no aggravation, and prices ate steady, f
from this port for the week ending Sept, 29 were
to ti.» Cotton-warp makes are still weak and inactive. OvercoatingsiJ
packages, valued at |150,713, their destination bemg
have ruled slow througout, but fair orders have be««n placed T
points specified in the table below:
in
1890.
1891.
Kbw Yoke
to Sept.
29.
Fee*:. Since
136
26
857
Qreat Britain
Othei Enropean..
OUna
24,8
37.5
India
Arabia
12
Africa
West Indies
Jan.
1.
3,467
1,212
106.790
6,124
9,558
4,643
10,291
3,019
6.636
25,375
2,070
Week. Since Jan.
1,292
207
4,81 17
373
11,246
1,505
3,896
2i,059
2,485
2,615
179,185
20,807
6,489
5,998
96,938
54,300
2,615
199,992
12,487
151,238
321
31
133
458
18
Uexloo
Central America..
Boath America. . .
Other ooontrles . .
Total
Oblna, via VanooaTer.,
Total..
1
5,496
2,370
34,032
2,555
7,487
925
961
657
98
314
1,662
numerous
H m
Dtal
s
nt'd
E
Flax
811k
From New frnxland nlU points direct.
Cotton
Wool
of the New York exports since January 1
been $9,867,158 in 1891, against 15,446,332 in 1890,
Business iu staple cottons has been irregularly distributed
and shows a falling off in the aggregate. Low-grade brown
sheetings were in good request and firm, some Southern 4yard makes being advanced Ji'c. per yard. Heavy makes
wtre all unchanged and generally quiet. There were more
inqniries for export grades, but not much increase in business
actually done.
The shirtiag trade placed fair orders for
bleached ehirtings, but jobbers were conservative buyer?.
Wide shretings are well sold up and firm, and flat-fold cam
brics steadily hold late advances. Silesias were in fair request, but corset jeflns and satteens ruled slow. Cotton flannels fancy shirtings, domets and blanntlettes were in bteady
demand. Such colored cottons as demins, ticks, checks and
cheviots are in good shape, and an advance of 3^c. per yard in
Otis checks has been made by the agents. Cottonades, plaids,
etc., met with an average call.
Printed fabrics wei e quieter,
but f«gt black dress cottons and satines were in good request,
with 3^c. advance in a leading make of the latter. New fine
dress gingham.'^ and zephyrs were freely ordered, with a quiet
duplicating demand for dark standards. Print cloths have
ruled steady all week at 3c. for 64x64s, with a fair business
doing.
The value
1891.
Sept. 26.
Sept. 27.
H»ld by Providence manufacturers. 191,000
1889.
.«'c/V. 23.
1890.
455,000
325,000
None.
7,000
stock of Print
OMhi—
Fall Elver maDuTacturert
281,000
None.
None.
Provldoncft fli)eculatorfl
Outside speoulaturs (est)...
Total stock (pieces)
472.000
216,000
30,OOU
00
i
gg
s-
8;
i
0. ... 9
»
CD
wl
...
g;
:
:
:
S
s-
!
:
•
•
o
iiiiir
iiiiir
O
<\<M
M
-^1
OlM
*•
kUKi
OiOD
M
10
CD
Stocks, securities, etc
Due from other national banks
Due from State and private banks
and
bankers
Banking house
Other reiil estate and mort'Kes owned.
Prciniam on bonds for circulation
Checks and othercash Items
ExchanKCs for Clearing
Bills of utlier banks
Specie.....
Uonse
Uir-
C5
^^wMl-i
aifCt^c;i<i
rf*rf-:ci-'05
{p
03
lOOilOCO"^
tOCSCCCOhO
MfW
3
i^CDtOOrf^
"^
s
a
l-CO!:CCDto
^-•*
rf-CD
W
«1
M O CO to C6
fi
lo<i
E M
03 00
QoVj'b'^i'io
O ^ M CO
«
«
01*^
CC
«
OS
l«.hi-iQD
OJO
^K,
ip..
'
:n
rf^*-
o
-OD
03M
^.i-WtO^
H
Oh>»mmC0
<
H*l»'
lf»
a.
if
a
^v-i»-.MW
tCOCOUM
.^p
Oi
o**
WfC
to
CI
^^
co
1
^ tc Ci CO to
^1
1(*
cfl
c»1
tO«C*>00vl
it-ro
Oir-r-Q0rf>.
or
<f^
coo
»ai
icc;>to^to
tfkh-MODCO
£>
'biw
^
^
00
O
Oi
1
,
1
MMCOifk
M to a< CO 1—
M
o e2
oo
5
o
cuto^xco
<0^^l-'»^^
to-JbDOc;i
u;
^
k
t^
^
R
2
00
o
oaM
fca-]Otoo
uc
»-l(»
r-WClWM
C0 09
to
n
to
f
Letcal-tender notes
U.
S. certificates
tendernotes
of deposit for legal
Redem ption fund with
(not
more than
695 827 00
6
p. c.
645,000 00
U. S. Treasurer
on
circulatio n)
Total
2.250 oo
»27,843.184 88
03 to
Capital stock paid in
»6,000.000 00
i.«oo,ooo oo
B09.875 72
?i"7.'",?,'S""'",:;
OndlTided prollts
IlHd
in reserve for taxes of 1891
114 OOu 00
NHtlcmal bank notes outstanding
44,040 00
11 ;j93 SO
IndlYldual deposits subject to check... ll,87o!29H 47
S*?.°i"i''"J^"'<''"*"''f "epos"
53,213 89
oertined oheoits
1 543 i^ qh
uiTlnends unpaid
Dae to other national banks
uue to state A private banks & b'nke rs
T-"*!
4;6Sfl!470
1,94 0,734
m
08
»27,343TTS(r68
^^'^S! ,^'?T "'^"r,''' "^"y »""' 0)n>ity of New York, u
I, KDWAKi. BlK.v.t.
Cashier of The AmencKn
WOOCMtO
(S
ta"w'i'eSg''e''2nl
"""• "«" <" "^
BURNS. Cashier
bX^ ""' " """ '"
EDWARD
of^Jc^be'?, fS?l."'""'^v«:3. JlS'trrsVn'i}^'' -»'
"""*'' ^"'""=- «' ^-'C-
Corrcot-Atiest
J. R.
MAXWELL,
JNO, T, J'KBB Y^
DUMONT CLAKka,
1
DlreWorfc
I
|!7,140,692 09
12,409 04
50,000 00
78,-)BS 08
1,614,59195
Redemption fund with U. S. Treasurer
!^
w
M
o:
H-
I
r
MMr-tO
cow to
bob CO 00
-:Mp-05fle
?
O CO
CiOCCtO-^
M !- (-"-'
.*
^
5
X
o
?
-1
t
»
lO 00 (B.
l-»
to'^tobb
.
-1
c;^iP*co<-»
2
n
H'tOWtOCO
COrf^ifctOCfl
«
oil-'
CD
((•'xcaoco
K
y
t^M'^ao^*
03 i.
?
^
s
— ot»a
C^i
n
Of
QDMUI,^^
(-»
-qxi'-'CDgj
"Jt -si
CO to 00 COM
If^
CO
>-*
<
to
M
eoGDO^*-
"
s
JCJ
<1
H*
^'OMi-'
coO(^h-yi
U
"towbb'*»>
0»COtCCD<J*
!t^O^*-lt^
CO
CD
C;i
to^xtoc;!
03I-1
O
CO
Or-^jC><I
WMO^tO
cn
»
CO^MOOO
^ to
M to
*
»
tOOlWCfli©
C3
0»'0^^M
-4(0
to^
030
W-l
»
s
aoc?«H-oao
Cfl
» o
ccoootooo
North
&
tOe--gOOD
tOOCOOi*-
r*
?
CO
1?
!-•
f-tOQOP-*•^CDCOlf^-05
British
Mercantile
Co.
Ins
OF
LONDON AND EDlNBUROil.
SAM.
WM.
P.
BLAGDEN,
13,200.000 00
1,430,000 00
302,976 49
45,1100
00
22,901 12
14
00
00
57
WASS, General Agent.
ECKER, Assistant Gen.
H. M. JACKSON, Secretary.
W,
R.
U. S.
OFFICE,
WILLIAM
No. 54
ESTABLISHED
^
Y
ST.. N.
1865.
Eugrene K. Cole.
STATIONER AND PRINTER.
81,383,778 32
7,090,826 46
;
$33,475,281 89
„. Total
SUte of New York. County of New York. »«.;
I, CBA8. H. I'ATTEBSON, Cishler of the above,
named Dank, do solemnly swear thut the above
statement is true, to the best of my knowledge and
belief.
CHA*!. H. PATTEK80.N, I anhier.
Subscribed and sworn to before me this 30th day
of September. 18ul.
D. O. FANNING,
Correct— Attest
Notary Public.
J. KDVVARD i-IMVONS,
JAMBS G. CANNON,
UOBEUT W. STUAiCS.
BRANCH
Agent
Supplies Bnnks. Bankers, Stock Brokers and Cot
porations with complete outfits of Account Book
61
for acceptances
Manager.
A. FRANCIS, Assistant Marianer,
R. H.
t83,175.2Bl 89
LIABILITIES.
—
a
00**to:o
aDOco;;iOo
COODOOtOW
2.280 00
(5
,
S
!2
83.42-1 11
800,000 00
House
9,458,4.39 53
Bills of other banks
11,043 00
Nickels and cents
3 "9
Specie
8.828,987 50
Legal tender notes
125,000 00
u. 8. ctfs. of deposit for
legal tenders
180,000 GO— 13,«80,490 15
Der cent of circulation)
Total
CD OJ O; 05
Uliacjellaaeoas
155,418 33
^
„
Deposits held
OT
"bH-oios"^
OIM
lf>'
09
Ul
03
~»
Exchanges for Ulearing-
Capltalstock
Surplus fund
Undlvldeii prouts, net
National bunk notes outstanding
Dividends unpaid
Ind.dcp. sub. to check... 10,148,170
Demand cert's of deposit
55,010
Cashier's checks outst'g.
143,628
Due 10 other nat. banks. 10,870,«75
Due to State bks.ib'kers 1,1B»,891
1-*
*4
to*-
New York, at N-w Y rk. In the State of
New York, at the close of business Sept. 25, 1891;
LUBILITIIg.
c
OtCO^tOi^
po
35
M
wu.
Oio
City of
Items
^
C
If 03
as
OOOiO'-'
Due from other national banks
Due from state banks and bankers
Banking house, furniture and fixtures
Checlis aud other cash
3t
—
00 to
C3 03
-1G0-£l WOO
to Jt aJ^^co
Overdrafts
H
^JCO-JtOO
CD
-o
o
^
fO
01
CI
1^
to
13 00
M
r-OO
ro
^to
ocs
«r-
"
a
2
Kit-towoi
"t-'-j
w m
O to O o: o
<A
00
a
05
03O
0>
ic GO to
r--a
>-.»
Oi
w
ai**=»^ic«
2
00
c;"
corn
05-J
O
if^lO
u
CW
«5
?
CO
>.
C^if
CO
CD
(-'
"S
IB
I-*
a
coo^coas
on
t5
01
3 M
h;
OJI-i
-J-l
o»a*co^
CUM
*w
OB
<i
*-
«i-'co*-M
to to
»
to Cc <1
00H-.-O3i
tO-Cit^tD<i
0300
1
p
X 00 to 03
2
o
K
<:.
)b-
to -J
tv
1—
— ^-tO
^
J
'
'-1
0.8. bonds to secure circulation
Stocks, securities, &c
1,808,927 at
S i
tK T
<i
H
K
Loans and discounts
12
|l
iiiMr
O!
i(>-
03
P
(jo
10
i
3
to
W-ibb
0)>(^
36
27
238,919 98
300,000 00
7.72.=> 72
8968 75
109,838 (i«
8,137,f63 71
63614 00
3
•
'
O'OOQUCO
!-•
o
KE8OURCE8.
(10,78<.,MS
27,639
60,000
184 wis
1,917,4}8
Orerdrafts
U. S. bonds to secure circulation
•
•
w
if^ c;i
to
REPORT OF THE CONDITION OF THE REPORT OF THE CONDITION OF THE
A.UEKICAN EXCHANGE NATIOmXl,
FOURTH NATION All BANK, of the
Loans and discounts
ci •
•
'-
o <1K1
w da
M
o aif-
oo»towoo
OOiCli-'!©
OiOCDtOM
253,000
UESODBCES.
•
•
§^uh MnUm&nts,
BANK, at New rork, In the State of New York at
the close of business un the 26th dar of Sept.. 1891;
J
^1 I.
!
i
s
:
Si
•
:
11:
7,000
787,000
—
the
Niine.
Domestic Woolens. The duplicating demand for heavyweight woolens and worsteds for man's-wear again suffered
from the effects of the warm weather, and only small parcels
of novelties in cheviots and homespuns were taken fur replenishing purposes. In light-weights a small business ha^ been
recorded, and just at present only the leading linea in mixtures
and fancies appear to attract the attention of buyers. A
number of these are in comparatively good shape. As manufacturers generally are pursuing a cautious policy and refus-
B
B
Manufaottir
for
1
s
|5-||l
o
Total.,
at
have
I
—
Mlsoellaneo
»
and Ken-
Satinets, doeskins
lines of cloakiogs.
tucky jeans were in hand-to-mouth requeet. Flannels and.]
blankets in average demand.
Foreign Dry Goods. Importers have had a quiet weetcl
throughout in all fall goods, but a considerable number of j
orders for spring styles in dress goods and fancy worsteds]
have been recorded for future delivery. Prices are firm for
all staple lines, with an advance of i^c. noted in burlaps and
an advancing tendency in linens generally.
Importations of l>rv tiooda.
The importations of dry goods at this port for the we. k
ending Oct. 1, 1891, and since Jan. 1, and the same facts,
for the corresponding periods of last year are as follows:
Directors.
and S tationary.
PKT" New concerns organising will
orders promptly executed.
No.
1
have
the'
WlLiLiIAM STREET.
(HANOVER 8QUARBJ
Augustus
32 Pine Street,
Broker
i,a
Floyd,
New
Investmeni
York,
Securi^
@FedFRASER