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TOirie
HUNT'S MERCHANTS' MAGAZINK,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL.
SATURDAY, OCTOBER
49.
%ht
5,
but contrasted with the similar period of 1888 there
1'7 per cent.
Important additions are recorded at Fort Worth, Dallas, New Orleans, Denver, Cleveis
an increase of
land and Galveston.
The following statement shows the bank clearings for the
week ending to-day (Oct. 5), made up according to explanations
last
Otber
cities,
7,717,040
Total
all cities for
$1,259,130,378
Boston
t
Providence...
Uartford
New Haven...
Springfield
....
330,941,6(7;
19,485,1001
7,737,83r
5,405,0065.059.801
Worcester
4,4i:0.0';3
Portland
Lowell
4.754,104
2,604,415
P.O.
t
I
2,660,89(l,21l'ia,6-9,392, ,782
,
•
6.842,:600 +1.3-1
4,7-6,,658 tl3-2
4.536,,690 fUM.
4,017,,688 + 11 5
4,024, 231 +18-1
2,538,,278 + 0-tl
-0-1
3,939,928,867
3,581,855,116 +10-0
Total N. EnR
380,417,942
380,688,108
Philadelphia..
2r7,28?,598
250,008,438 f lO-f
44,773,889 f-13-i
-81
52,773,084
2,027,118 + 60
Pittsburg
Baltimore
Syracuse
5(1,608,994
48,488,024
2,785,264
Total Middle
Chicago
18.272,
Detroit
19.356.199
1!0,384,
+ 12-7
4-6
Cleveland
1«,61«.937!
13.741.
+20-0
Columbus
ll.SJJ.-^.SOOl
9,6111,
7.088,
6,268,
2.884,
+ 17-3
+ •9-0
—
Peoria
8,431,2491
5,804,391
Grand Rapids.
2,U7.'>,654i
M.West
413,849,1631
389,551,980
,&:
San Francisco.
Kansas City...
71.180.773
33,8^2,421
70,525..368
3;i,135,315
+ 1-4
19,.i60,317
4,»'.6,!65
18,678,281 + 4 7
14,704,1-9 + 13-4
13.933,422 + 150
11,281,8671 +47-«
9,292,891 -41-0
4,970,030 -0-3
2,503,510
2,845,781
.3.170,005 -191
0-8
2.824,800,
1,469,1701
1,509,562
2,144,8531
St.
Panf
Denver
Duluth
Joseph
Los AoKeles
Wichita
St.
.
Topeka
Des Moints.
Total oth'r
St.
16,679,210
16.027,334
!e,6«4,690,
•5,487,410
2,611,492
W
Louis
New
Orleans..
Louisville
194.178,8791
-6-6
+24-8
+21
+
186,170,366
-27
+24 3
+43
80,!)11,105!
78,265,4841 +3-0
28,3.'irt,7e6
27.-.J3l,IS7,
Memphis
Klchmond
23,1 88,684 N-22-5
24 ,376.444 M-11-7
5,319,2761
Galveston
9,607,069
6,092,6461 +4-4
6,933,000' +8-3
5,892,24 li+"3-l
Dallas
3,171. I8Si
2, 156, HO'
fort Worth...
Norfolk
2.112.446
1
2.650,1 13
SI,47S,2i8
Total SOatfc.
Total
all
2,663,592,0v5 2..320,877,003
426,766.75'" +11-3
473,841,1831
475,872,27k1
+5-0
453,121,27,
88,332.li84
24,86^,793 +149
3,224,417ii26 +12-9
+ 50 2,486,782,965 2,273.448,788 +'
+8-1
410,815,71
377.6OM0OI +8-8
iCJ..'iS7,73Si
Minneapolis...
38,144,3I«
24,139,653 j^7-l
284,H87,)60
Milwaukee
7..5t9,li95
166,919.145
+ 609
,298,619
+7'2!
4,2;i4,314,61S|4, 136,264,646
Outside N. Y.,'l,534,424,8t9;l,466,871,t68
8,«41,«38,470
180,428,753'
177.1:85,365'
139,210,31(1
92,780,9,-*2
159,270.v54: + 13-3
162.644.543: ^9-4
117,M)'2.751 )-l.S'2
8i;,rt22,-.98,+ 12-3
73,78»,«19
57,372,350
24,047.014
70.943,835
+4
50,49.1.573
+13-6
23,032,883
i7
9
3,C93.938.068, 3,817,887,485
+83
615,081,626:
328.120,574
152,886,875
145,771,832
603.245.979
29M. 164,993
139,717,432
+ 20
+10
13>-,708,24l
-151
162,570,.s94
126,151.492 +20-9
96,549,3711 +44 2
139,I98S;)«
(0,686.203
72.-237,68l
-16
49,89 1.;- 66 + 0-0
43,066,619 -39-.1
27.121,454 +2-2
12,443,574 t 19 3
19,182,281 + 17-2
49,W02,8,S8
26,016,571
27,709,74«j
14,871,694
22,478,776[
1,736,296,5141 1,626,470,484
720.028,364
329,906.719
263,433,446
83,683,154
80,371,932
43.704.! 20
28,763.863
1.9-1
+6-;
91,223,113
-1-8
fniladelpbla
Pittsburg
66,579,955
13.304,665
58,383,189
12,00 ,939
13,619.486
+140
+31-5
-112
636,60h
2,806,009
684,585
+-8-7
74,471,448
12,248,181
13,315,7X3
782.839
3,136,303
418-1
Baltimore
Syracuse
+12-0
100,818,188
+14-7
+ 18
69,087.298
10.9W2.860
4.2m0,031
4.676.116
4,16S,800
+7-6
+10-4
+S-6
+18-5
+21-4
iVorcester...
Portland....
1,161,283
1,196,981
658.C.98.550
10
297,043,44;i
222,428,Ij08 -rl8-4
Total Middle.,
(Chicago
Cincinnati
,
20,217,7(16
25,704,123
27,781,00f>
-7-6
+189
+2-4|40,306.»48,709 33.364.806.0(1.
rl4-0
+5-3| 14.606,415,188
-1I1-3
1
65,654,
9,615,
4,031,
4,306,
3.187,
2.192.
2,562,400
1,984,343
1,207,049
£8^,421
San Francisco
Kansas City
+8-7
-8-8
+6-9
+431
4,34.'>,073
4»-6
+14-3
+48-5
1,310.709
1,141,677
57».190
-18-6
-16-8
692.383
+3r»
Outside
•
For the week ending Sept. 28 the total clearings exhibit a
loss from the previous week of nearly forty-three millions of
1,301 ,30r
732.000
564,796
316.211'
493,661
-6
+67
+ 9-1
-45^
a0,'<,60»
-S'7
566,943
+168
466^44
«73,0W8
+18
4S.8-.9460
+8X
18,064,738
8,100.307
6,719,8 8
1,087,»«0
1,850,715
2,657,632
827,2-7
17,062.080
6.566,8 4
+6-9
+45-9
I0.785,a«»
6,685.315
6.261.9i9|
-o-i
+18-1
4,907,19:'
1,358,201
1,635,8 3
1,902.137
647.788
241.372
663,880
39,1! 1.473
1,000.706,060
984,302 ,525
365,796,042
348.986,831
York...
-43-8
-12-3
-27-2
+17-6
+ 436
44,991,366
4i9,5U
New
4,f.79.107
3.923,386
3,741,898
-7-8
646,184
1.626,017
798,142
676,146
Not Included
-26 6
46,643.550
Hlrmlngham*
all
+ 1-9
+ 17-1
15,636,994
8.158,748
Nirfnlk
Total
2.4«li,70O
+220
-6-8
+10-8
-1-8
+22-7
+11-2
Portland*
Total Southern
+89-2
+16-8
1
17,946,350
7,349,818
4.348,288
3,475.81H
8,403,661
2.4M),1!8
2,680,723
Seattle*
Dallas
fort Worth
-03
-15
+11
+6-8
+8»^)
16,900,6' 6
Tacoma*
...
+27-8
99,821,124
Sioux City*
Memphis
+ 135
-8-7
+4-8
-s-e
+17-6
+36-3
+3-5
398,446
520,714
599,094
680.US3
1.348.530
631,868
itichmond
Oil veston
1,233,684
1,124,843
1,238,3»S
l,i23,408
+ 8-8
-8-8
4-U-9
+76
Topeka
Des Moines
Louisville....
1,724,2113
92,623,212
Uuluth
Joseph
Los Angeles
Wichita
Vew Orleans
82,182,368
4,797,300
(-9-7)
(-68-7)
(-77-8)
95,664,780
8t.
it. iK)UlB
(-37-7)
(-7-8)
+141
1,626.
1,622,
546,
8,14^,273
4,292.701
4.263,826
S.783,470
3.650,150
1,460,^26
1.140,561
633,124
663,361
other Western.
(-316)
2,018.633
l,S«8Ji02
787,390
.Minneapolis
+168
99
I,306,11'9
+7-3
+S8-6
+ 13-1
+345
+510
+780
1,860,000
2,l71,28S
921,261
+66-7
+S8-6
—
.'4-3
4ai,M07
632.817
688,992
+10O-O
+18-6
40.308.932
+8-4
+17
"+48
1.043.488. 369
+ 20 2
380.444^611
+111
+7-0
In totals.
We have added
sales, &c.,
table d
the Se,.tenibe.- fi .iires to our compila:ion of
of stocks, bonds, &c., which brings the following
jwn
to
October
1.
Nine months, 1888
.Nine mmiths. 1889.
DacripUon.l Par Value
I
\or Quantity-
64.044.0110 +25-:
13. 52.0.'i9,!'91
82,600,541
66,843.446
9,4X3.900
4.58«,067
4,243,656
4,366,1-98
Total Middle Western
T'oial
10,113.28'
92,622,067
Peoria
(}rand Rapids.
+
70,448.212 -18'6
31.884.7191+37 1
17.205.UUi+6',-2
11.312,838 +78-7
1,698,613,887
New England...
+ 93
1.401,448,481
149,877,280 +11-5
_2B
1,261,66.1
1.247,8>'l
+7 4 St. Paul
+9 8 Omaha
Denver
+8-1
271.295,
40.517,
Omaha
+7-2
350,782,329
4:i,,si9,l.")0|
Tot.
4I,S:i0.50-.:
87.813,7110
379,159,870
Cincinnati
Indianapolis...
+161
8,152,102,728 +10-5
177,889,800 +4-0
68.413,338 + 11-7
45,421,028 48-2
+ 11-!.
+8-8
94,695,6».7
JDrlngfleld...
Indianapolis...
«
«
-tO-8 25,799,233,613 22,212,745,606
-1-d
649,278
92.414,166
il6,013,QoO
1,030,221
Columbus
1888.
3.482,774,956
186,093,300
74,i21.847
48,864,050
44,824,093
40,811,887
39,671,970
25,865,561
336,456, 105
17,424, 700
+184
bbls.)
Milwaukee....
Detroit
Cleveland
^iiie Months.
/September,
New York....
-5 8
+16-8
+24-8
+16-1
681,835
84.191,426
4,395,100
l,646,6h4
1,089,516
1.146,737
1,013,899
936,6 2
675,636
bales.)
bushels.)
Buflklo'
$1,242,684,7
The exhibit of clearings for tlie month of September and
for the nine months since January 1 is as follows:
1888.
79,868.640
6,087,700
Total
$1,057,8 15,666
201,314,711
week
(-««-4)
Lowell
$941,098,466
115,817.209
5 days
-18-0
.986.3991
I36»,9a0)
(14.711, 7fc7)
(4,366,000)
Boston
17,8112,740
Total all cities, 5 rtaya
AUcities, 1 day
662,991,738
(—23-7)
Providence..
Hartford....
!*ew Uaven.
64.998,000
.
-01
(1.699.437)
1881,800)
178,486,4601
(Qrain
(Petroleum
10,43»,21l)
5 days
636,316.704
(1,296.787)
(261,600)
(48,805,435)
(4,456,000)
f hares.)
(Stocks
(Cotton
68,l('2,61.i
cities,
P.OenU
Sola of—
1880.
PhUartolpbla
Baltimore
Chicago
St. Lotus
New Orleans
.and't Sept. 31.
634,910,008
New York
5.
$686,803,979
87,856,886
BOHtOll
Wetk
1888.
Week Mndinv VcUiber
New York
Seven
Week Sndint Septtmber 28.
week's Chronicle.
Clbabingh.
Returns hy VeUffraph.
1,2H7.
dollars,
(^hxoxxith.
CLEARING HOUSE RETURXS.
contained in
NO.
1889.
Actual
Aver*iie\
Par Valu
Actual
Aver^gs
Value.
Price,
or Quantit
Valut.
Price.
«'<x"'l?Si'%,^iS-?.iJ !«*»«)'««<'
RR. bonds..
:t3ll.2:ll.»-25, 1280.82.3.771
»!).1^0.•5(l
»3.»8:;,W2
Gov't bonds'
Statebondsl
Bank
stocks;
»1.4I8.1()0
tl.280,43o;
68-3
1-0-2
46,716,666
$4011,12.3. 35
t2n4...«3.36;
1264
H.757,4.0
62-6
»i.7.iii.7i'3
(1,744,263 130'2
I2.983.655
tl.351.4U0
[
2497820370 63-3
41
tl,'
-
-_
|4283.H01,:i37 f273T030.841 639
5136,635.690 »3285028,368 64-0
»'<34.3:i2.055 87 3-50.
961.X43.0(
Pet'l'm.bblB 384,5<.4.000 »327,802,040 89 19-20
Total
...
15.740.8110 Ti*. i78.2;o ».'« 73
13,4Sf>,4ilO 638.512.65.') 51-26
Cotton, bis.
Grain. bush. 1007,983.622 to«2,7.'i",8i6 8 .3-5C. 1.501.164.159 tl27l!83a.43.2 83Hu.
Total value
$5114' 99.8811
5649674.5781
THE CHRONICLE.
414
THE
short.
j-i.\am:ial
situation.
XLIX.
to the
high rates for money on Monday
commercial bills, there was a
reduction in the nominal rate for long to 4-84.
On
and
Money has been active all the week. At the turn of
the montli there were a few days of special stringency,
due iu part to the calling in of loans to prepare for the
Owing
fVoi..
to freer offerings of
Tuesday and Wednesday the same influences operated,
making the rates irregular and somewhat heavy, the
October disbursements of interest and dividends, but latter
day the market becoming quite demoralized.
also ill part to manipulation, possible now at any time
That day, too, there was a disposition to sell bankers'
because of tiie low condition of the bank reserves. On
bills in view of the possible disturbance to our
money
Monday the Stock Exchange rate for bankers' balances market
from the shipment of gold, $500,000 having
was bid up to 30 p^ cent, but the loans above 20 per
been engaged on Tuesday and $500,000 on the followcent were few, and it is even claimed that some considing day. These shipments were made on orders from
erable amounts engaged at 15 per cent were not called
London and under such circumstances as to make it
for,
the
the borrowers i)aying the interest and cancelling
impossible to determine
no doubt a similar operation was
attempted on Tuesday, but since then the market has
in good part resumed its normal condition.
The average for the week for bankers' balances has been about 8
contract;
how much more would be
required, and this uncertainty tended to increase
the
unfavorable effect.
Yesterday a further amount of
$500,000 was engaged for the same purpose, .bringing
up the week's shipments
to
$1,500,000, the* nominal
per cent, with renewals from 8 to 6 per cent. Banks
rates closing at 4-83 for long and 4-88 for short.
and trust companies have done nothing below 6 per
Trade has not as yet been greatly affected by the accent, and there has been a pretty general marking
up tivity in money, and the accounts as a rule
continue
of standing call loans to that figure.
Last week's very satisfactory.
Of course, complaints as regards the
return of the Clearing House banks showed only $935,small margin of profit left the producers are as pro750 surplus reserve for all the banks. As four of the
Jiounced as ever, and in that particular there are very
larger institutions reported $4,015,800 surplus,
the great few exceptions.
But the volume of business remains
majority were of course below the 25 per cent limit,
large, both consumption and production being
heavy.
and hence it is not surprising that money for
The improvement previously noted in the iron and steel
Stock Exchange purposes was scarce. Lenders on
industry continues in full progress, and prices are matime have this week declined to make contracts
for terially higher than a short time
ago for all kinds of iron
short dates; consequently the engagements have
been and steel, from the crude product to
the finished forms.
for four to six months at 6 per cent on prime
collateral. Anthracite coal can
hardly be regarded as being in an
For good mixed security no quotations are given and
entirely satisfactory stale, notwithstanding the restricthe transactions are said to have been few,
as lenders tion of production which
has been practiced.
In the
have been able to put out all that they desired on first
case of bituminous coal, however, production is heavy,
class security.
Commercial paper is in good supply, and the demand
sufficient to take care of it.
There
and one or two city institutions have entered the marare certain lines of industry where business is not
as
ket as buyers this week, while there is
an increasing brisk as a few weeks ago, but
that is incident to the
inquiry from the East.
Rates are 6 per cent for sixty season and
has no special significance. In other cases
to ninety day endorsed bills receivable,
G|@7 per cent there is a slackening of activity for
special reasons.
for four months' acceptances, and
7@8 percent for good Thus in cotton goods there has been a
restriction of
four to six months' single names.
production not only in Europe, but by manufacturers
In Europe the tendency of money
has been gen- in this country, caused by the
high price for cotton. As
erally upward.
The Bank of Germany has advanced we stated
in our annual cotton crop report, it is not
Its discount rate to 5 per
cent.
There is no change possible for the price of goods
to follow higher prices
in tlie minimum of the Bank of
England; discounts of cotton when there is such
a
large crop in sight as
in the open market London
of sixty to ninety day that now
promised for the current season. Hence as
bank bills are now at
4i@4i per cent. It was reported restriction is the only alternative to working at
a loss, it
on Thursday that the Rothschilds have
negotiated 'a is not strange that some manufacturers
should have
Brazilian conversion loan for
£30,000,000, and that 'it accepted the former.
Quite recently the price of cotton
was thought this would disturb the
London market. has declined, and that of course relieves
the situation
The higher rates reported in that market early
in to that extent.
the week were very likely due in part
to that circumAs reflecting in some measure the state of business,
stance, though the loss iu bullion
by the Bank we have this week prepared our
statement of bank clearof England, which was for
the week £914,000, ings for the month
of September.
It shows a much
undoubtedly had an influence in the
same direc- smaller gain over last year than did the months
preceding,
tion.
By a special cable to us we learn
that the amount of increase being only 98 million
dollars,
this loss by the Bank
was the result of exports against over
400 millions increase in August and nearly "
pnncipally to Brazil and Egypt
of £598,000, of 800 millions increase
in July.
But it is to be rememshipments to the interior of Great
Britain of £516,- bered that for September we
are comparing with very
000, and of imports from Australia and "
bought " of much better results for last year than
was the case
£200,000.
The Bank of Prance shows a decrease of
in other mouths, that month indeed in 1888 having
£87,000 gold this week, and the Bank
of Germany a been the first of that year
which did not show a decrease.
loss of £1,694,734, though the
correctness of the latter Furthermore, it
has been the rule in 1889 to have larger
figure 18 questioned by some of the
foreign bankers
stock transactions than a year ago, while foi- September
The open market rate for money at Paris was
reported there has actually been a heavy decrease.
Taking; tlie
yesterday by cable at 3 per cent, at Barlin
3| per cent ' market value of the siJes, tiie loss on that aeoonnt h:'.s
and at Frankfort ^ per cent.
been 101 million dollars.
On the basis of an average of
Our foreign exchange market has been unsettled
and 3^ checks for each transaction this would represent a
variable.
It was dull and steady early
in the week, In^s in clearings of
over 350 million dollars— from which
with the posted rates 4-84^ for long and 4-88
-54-89 lor th^ ir'pnrtancp of that
item' will be easily understood.
'
^
\
,
;
.J
OCTOBEB
5,
THE CHRONICLE.
1889.)
Altogether, the present aggregate of
415
reached no less than SGJ thousand million dollars, of
Here are which 34,796 millions represent exchanges, and only
each month of the 1,757 millions balances.
The average daily transaotions have been $120,040,003, of which $5,800,783
tlie
clearings fur-
nishes no basis for unfavorable conclusions.
the figures in our usual form for
year.
MONTHLY
Otcartnoi, Total
CI.EARIN08.
AU.
were
Clearlnga Outside
A^tf^i;
P.Ot
have
P.Ct,
+191
4,808.839.770
4,037,988,1(11
February
4.081,S>39.1t7U
3,5(17,556,124 +13-81
4,48S,4S7.134
3,78;,513,651 +18-6' 1,598,878.853
.
April
I.31i7.8«5,610
4,768.376,001
4,691,823,588
June
1.101.522,587+14
organization
11,
million
millions,
loQs flgures, but they
1
4,272,a5s,2)0j+i2 4
4,01(l,i)44.&83| +7-8 1,S77.8'»,537
4.2S2.282,929|+11 sl 1,698,081,952
».8»S,H95,122,+2«-2 1,626,456,303
i,535!229!505'
,4S7,%77,98i
lS,793,oa5,2!i9| 12,142.222.574 +13-6J 4,901,418,792
2d quarter.
878,003
the
of
the exchanges
18.53),
and
dollars,
the bal-
making a grand aggregate
917,689 million dollars.
{iwtwuOTit)!"
1.460,209.959
let quarter 13,868,aiO.S80 11,S9J,U51,98U +17-3' 4.b04,024.aUj
May
the
(October
I
1,7»9, 135.886
JaDuarj....
Maroh
been
ances 39,086
i
Since
balances.
Clearing House
Tork,
4,486,510,356
These
are.
not only
of
marvel-
show what a time, money, and
Jabor-saviug contrivancc the institution
is.
^'fom prcssnt appearances, our statement of net earn+93 ings for August, when presented a couple of weeks hence,
11? will make an even better showing than did the statement
'"'"'*
for July, though the increase in net then reached
+1.V7
In addition to the heavy gains mentioned
13,378,609.
+ 66
t5-3 last week, by the Pennsylvania, the Union
Pacific, the
• 83
Erie, &c., we have some further returns this week of the
+0
2
!
,
6 luonthfi 27,151,882,169 23,535,277,540+15-4
9,705,443,490
8,758,871,080
July
Au.{ust
September
Sd quarter.
+208
1,721.956.303
1.480.918.912
3,862.073,864 +11-8
1,544,590.994
1,449,307,008
+2-4
1,534,424,393
1,4511,871,863
13,153,98 ).630 11,829,527,484 +11-2
4,800,971,696
4.39.1,187,813
4.628,610,364
3.831,188,955
4.293,04 l,6t8
4,231,314.619
4.
36.26J.645
m onths 40.S05.648,7K9 35.364,805,0041+140 14,5u6,415,lS6 13,152,069.39^1 1-10-3
same nature. The Louisville & Nashville in particular
Examining a little more closely into the stock sales,
is deserving of mention, for there the improvement is not
we find that only 5,642,132 shares were sold on the alone heavy, but only in very small
degree can be ascribed
New York Stock Exchange in September, 1889, against
9
to a loss in the previous year. In other words, the net this
year amounts to $729,927, against $487,916 in August,
This is quite
7,322,918 shares in September, 1888.
different from what the indications seemed to point to
1888,and $552,-164in August, 1887. Both gross and net are
"
"
beginning of the month. There was excep- ,,
/>
,
,
,,
,..
the
largest for any one month in the company s history,
,•
•.
^i_
j.i_
1,-i-i.
t
tional activity then, suggesting the probability of very
.
a
x
-l
n
-n
i
i.-ii
and September it would seem will prove heavier still
heavy totals, but the state of the money market and
at least as regards the gross. The Northern Pacific has
The
other circumstances checked the movement.
increased its net from $629,484 to $948,201, and the
sales by months are as follows.
Canadian Pacific is up from $419,328 to $663,384. In
8ALKB OF STOCKS AT TH« NaW YollK STOCK KXCHANOK.
both these cases there were also gains last year, though
small.
On the Burlington & Quincy the increase in
at the
,
!
..•
•
,
I
1
•
-,
dumber
Month.
j
Xumber
net
j
)/
Jan
—
Shares.
SlinrM.
Pur.
285,112,'<94
».928,117[
326, 142,650
210.126.645
Sl5,30.',721
3,145,320
6,146,105
551,95'l,35
351,178,338
D.-26ll,88J
269,142, iOO
421,683,000
266,609,102
,531,751,70.1
981,«83,3S-> 12,322,Si6 1,016.967.750|
855,101,980
411,' 03.400'
271.B2t.708
7,614,877!
6:18.371,750
384.517.360
673,'04.7';0
iM.Mj.VM
6,213,122
531,774.850
314,150,133
8J8,713.2.5ol
3S7.726.357
3.8J5.27o
338.981,150!
199.194.95]
qr. 18,752,347 l,74s.601,410]l,050,320,0-26 17,653,274 1,504.110.750!
898,162,448
l9t qr. ie,M7,211
April...
4.8-21.012!
May....} 7,l5o,7U
June...! 6.775.624
1
against
178.369,233
..
Aug..
.]
Sept....
Sdqr.
5.628,483
623.5111,675
305,'i3I.5,l2
4.878.521
5,0rt2,77l
483,417,1751
295,663.536
5,612,132
526,192,526
332,811.179
4,739.627
7,322,918
18,333,a^9, 1,533,201,375
408.455,72 J
416,013,200!
212.9J0,«79
0''5,576.100'
4a3,-4.->.650
933,703,307 16,740,9>6 1,490.045.025
914,552,"41
9mo8... 52,03. ,947 14,81 6,55l,485l2,»95,709,6^9 46,7I6,5'6
$130,353
;
$79,055 ; St. Paul, $771,723, against $665,775
Mexican National, $42,982, against $8,318
Oregon Im;
;
provement, $105,070, against $86,766 ; Rio Grande
Western, $54,947, against $26,726 Iowa Central,
$61,349, against $9,776; Wisconsin Central, $212,086,
against $133,384; Louisville New Orleans & Texas,
$44,795, against $24,519; and Cincinnati New Orleans
& Texas Pacific, $155,000, against $103,901. There are
two or three roads which report losses, but these have
no special significance.
;
6mOS..!S5,890,5.W3,28S,353,llOr2.062.U0j,3S-.! 29,975.600 2,521 078,500 l,653.-267.426
July.
Ohio and Mississippi net stands at $165,925,
Allegheny Valley, $90,481, against
»
429.780,650
55l.0U,7(Xlj
March.
$457,180, besides $86,140 increase on the lines
-is
controlled.
4,>-72,loa
Feb....
id
•nf
1
267,716,515
4,01 1.123.525!2.497.g20.-270
be observed that the comparison for the nine
The stock market this week has been influenced by
very favorable to the present year.
active money, the gold shipments, and the break in
Discussion of bank clearings suggests that our New Atchison and the Trust securities.
Under the circumIt will
months
is
York Clearing House Association held its annual
meeting this week, and also brings to mind a commendable step recently taken by the Buffalo Clearing
House. The Buifalo establishment is a recent organization, it having been in existence only about six
months. At first settlements were made by drafts
between the banks, but it has now been decided
to
make them on
thiiiTs
wisdom
there
of
deserving
a
could
sueli
of
currency
basis.
be
no
question
a
course,
mention
but
We
as
the
stances, though prices have declined, the tone has been
remarkably firm, giving evidence that stocks are in
strong hands and that holders have confidence in the
outlook for the future of railroad property.
favorable returns of earnings received, as mentioned
have
the
ers
since
served
and
to
made
buoy
them
up
the
disinclined
hopes
to
of
sell.
hold-
There
developments of moment.
Atchison
has
been caused by
the knowledge that some plan of reorganization was in
process of preparation, with a view to scaling down
action
few of the
clearing houses as yet pursue that method.
Outside of
New York we are told there are only two cities where
the currency basis is followed, namely Chicago and
Philadelphia.
Milwaukee allows of settlements in
gold, legal tenders and bank notes, the latter not being
accepted for that purpose here. With regard to the
meeting of the New York Clearing House Association,
Mr. George S. Coe was re-elected Chairman, and some
is
These, combined with the large crops raised^
above.
should
to
Doubtless
the result would have been different except for the very
so
have
been
The
break
few
special
in
charges and rehabilitating the company.
the Trust securities
is
The break
— American Cotton Oil and
in
Sugar
by active money and a disinclinamake advances on them^ because of
in part explained
tion of lenders to
and also in part by a lack of
Manitoba
public confidence in that form of security.
interesting figures were presented bearing upon the stock has had a sharp rise, which at first was not
work of the organization. During the twelve months understood, but is now seen to be connected with the
ending Septeinbor 30, 1889, the aggregate transactions new plan of financiering agreed upon by which the
their erratic fluctuations,
'
THE CHRONICLE.
416
[Vol.
XUX.
holders are to have the right to subscribe for the selves slowly but surely towards gold imports. About
company and then receive that the beginning of the last week of August it looked
of a new
on Manitoba as if arrivals of the yellow metal from Europe wore not
dividends
company's guarantee of
and higher very far off. Just then began that large inflow of bonds
strong
Pacific
been
Canadian
has
stock.
stock
I
on the good returns of earnings and rumors of some
dividends in addition to those guaranteed by the Government, Central of New Jersey also further advanced
on reports of " rights " to be offered the stockholders
to the Treasury and outflow of currency from Govern-
ment hoards, bringing back early in September a three
money with arise in sterling exchange,
which rise in fact did not stop until short sterling had
The rate situation has undergone no important modifica- reached 4 '89. Foreign bankers who saw a prospect of
gold imports only a few days before found it necessary
tions, either in the West or elsewhere.
The following statement, made up from returns to suggest gold exports as a probable and possibly a
The bond purchases were in part needed
collected by us, shows the week's receipts and shipments speedy event.
to make disbursements balance Government receipts.
of currency and gold by the New York banks.
But three per cent money at this season of the year was
Ket Interior
jReceivcd by
Shipped by
(reekmdineOt.i.lSm.
natural and is in no case healthy.
not
It simply preMovement.
N. r. Banks Df. r. Banks.
vents
the
free
action
of
every
natural
money
current,
$4,323,000
Loss.
Cnrreooy
»5,615,000
11,292.000
Loss. 1,889,000
QoM
1,809,000
and fosters the worst forms of speculation.
Total EOld >nd legal tenders.
»i,a9a,ooo
$7,484,000
Loss. jn,l92,000
This week has afforded another object lesson similar
in
nature, only some of the financial conditions have
operations
and
the
gold
ex.
With the Sub-Treasury
now so changed as to bring into sharper outline the ill
ports the result is:
effects which are sure to follow a forced depression of
Wtek endini Oct. 4, 1889.
Into Sankt. Out of Banks. Net Chan.ge in
interest rates in New York at this period of the year.
Bank Holdings.
Banks Interior Movement, as above »l,29J.O0O
Loss $6,192,000 The Bank of England has since the incident related
$7,484,000
per cent rate for
...
Sab-Treas. oper. and Kold expts ....
Total gold and legal tenders.
.
.
19,300,000
15,800,000
{20.592,000
$23,281,000
Gain.
3,5lK),000
Loss. $2,602,000
above raised its official minimum to five per cent. We do
not need to ask what for. Every one knows that Great
Britain
Bullion holdings of European banks:
is
Oct. 4. 1883
Oct. 3, 18S9.
£
England
France
TotaL
Bom.
£
£
£
16.748.701
19.743.705
saver.
Nat.BelKiuii>*
we have
it
rency, but for the 13 years closing with 1888
19,b9l),140
19,999.,140
25,698.,033! 12.847,967
Netherlands..
lotai.
£
52.771, 188,50.481.361 103.252.749i 42,298,,074 49 137,700
3S,544.00fi: 88,632,,000 14,416,000
S,489,,000,15,865.000 81.291,000!
5,956,,000 15.863,001,
Germany*....
Aa8t.-Hung'y
as
has not only had no addition to its stock
to provide for wear, for manufacture, and for new cur-
•/
Cold.
For years now,
very short of gold.
often shown,
91 ,433,7 14
it
actually
exported £6,866,054 (or about $34,000,000) more than it
imported. The Bank of England under these circum-
43,»48,ii0'
21,819, '1i«
6.51)2,,000
6,(34.000
ll,538,OOo!
5.739, 000
7.639.000
13,378,001
2,526.,000
l.i63,000
3,789.000i
8,505,,000
1,233,00'
3,758,0
stances
finds
to increase
needful
it
its
not
holdings,
so
only
has
it
to
protect
raised
its
but
rate
>
and should that
aware that a still
* The division (between gold and silver) given in our table of
established.
Now suppose at
coin and higher rate will be
bullion In the Bank of Germany and the Bank of Belgium la made from
this juncture the Treasury should increase its disthe best estimate we are able to obtain; in neither case is It claimed to
bursements until there was a return to a three per
be acourate, as those binks make no distiootioa in their weekly rep jrts
merely reporting the tot U gold and siiver, bat we balieve the division cent rate at this centre.
In other words, suppose that
Tot.thU weeli
Tot.preT.w'k.
111,687,,826[e6,4Pl,528 :88,I59,4.54| 105.329 214 87.80S,700 193.137,914
113.927.,174 87,230.837 201,158.011] 107,2(12.,665 83,267,157 195,529,822
we make is a close approximation.
Note.— We receive the foregoingresults weekly by cable, and
while not
the date given at the head of the column, they are the returns
Igaued nearest to that date— that Is, the latest reported figures.
all of
TREASURY DISBURSEMENTS AND GOLD
EXPORTS.
In the present
the
Government
critical
state of
Treasury
course to be a matter of no
the
money market,
continue
of
to
high
this
figure,
not prove effective, every one
is
is artificially forcing its rate for money
we should artificially force our rate down. While
Europe is tightening its grip on gold and using every
artifice to obtain it, we accommodatingly open wide the
while Europe
up,
gates for its free, unobstructed outflow
ing
a
operations
discount
of
it
out.
period
freely
That
course, too,
when we
are
and the balance
—actually push-
we would be adopting
at
exporting merchandise very
of trade
is
turning in our favor,
conditions that should bring us gold during the fall
little solicitude.
Yet that months and thus supi)ly our currency needs. Under
a feature of the situation which may easily be given the circumstances close money is likely to bring the
a too prominent place. So long as the disbursements yellow metal, easy money will repel it.
equal the current revenue, the Government takes nothAYe are aware that from a speculative point of view a
ing from the channels of commerce ; and if further periodical flood of currency from Government vaults is
is
disburses the new coinage, several millions of currency
are thereby added each month to the amount afloat.
it
hailed with pleasure as always having an exhilarating
But even if we were to accept that suggestion
under the existing conditions of our as a general proposition, such an outflow could not be
trade, foreign and domestic, and of currency arrange- permanently, and we doubt whether to any important
ments at home and abroad, easy money here is by no extent it would be temporarily, useful in this case.
means an unmixed good— three per cent may become We have only to observe, what has been transpiring
the source of much greater harm than a close six per the past two weeks to realize that the situation is
cent market could be.
Notice how sensitive to the varying phases
peculiar.
Only a short time since there was a striking illustration of the money market the rates and tone of sterling
of the pertinency of the remark last made.
It occurred exchange have been.
Furthermore, New York has
during the latter part of August and early in September. even sent out a million and a half of gold. That is
The facts are fresh in the minds of our readers. Rates for called a special transaction. No doubt it is in one
money had been creeping up towards high figures for a sense but this at least is true that if the gold
week or more but among the other natural tendencies could not have been got cheaper in New York than
for relief which that condition developed, rates for
in Paris, or than in London, or than in Berlin, it
•sterling went down almost pari passu, shaping
them- would not have been taken from here. No one fe.ira
The
truth
effect.
is,
;
;
—
October
5,
I'HE CHRONICLE.
1889.]
417
when not induced or fav- expenses reduced only a little more than $000,000 and
Such a movement is often a this apparently on a smaller volume of business (gross
needful, curative process, and on all occasions, if the receipts having fallen off nearly half a million dollars),
natural hindrances which in its progress arise are it is evident that the work of making improvements
due time be must still be in progress, and on a pretty large scale
interfered with, it will in
not
checked and do no more harm than an export of too. A circumstance corroborating and confirming this
But when we ourselves add force to supposition is found in a ratio of earnings to expenses
wheat.
In 1887-8 the
the current by creating cheap money and thus remov- in the large figure of 67-?7 per cent.
been
slightly
heavier
ratio
had
at
68*15.per
cent, but
natural
influence
high
the
of
which
restriction
ing the
rates interposed to the outflow, it becomes a very differ, with that exception the present ratio is the heaviest ia
That was what we did a year ago. We so tlie whole history of the company. As it will be interent process.
disorganized the conditions of trade with floods of cur- esting to compare the late year's results,, as regards
rency from the Treasury in September and October as earnings, &c., with those for the years preceding, we
to keep sterling exchange all through the period of annex the following summary, going back to 1873. The
large merchandise exports close up to the gold shipping opsrations of the West Shore are included since the Ist
exports of gold, however large,
ored by our
own
action.
and hence during the last fiscal year the outflow of January, 1886.
of gold was in excess of any year since 1874-75, which
point,
outflow
is
the chief reason
why our
clearing-house banks
Should we not take
then the high rate of interest at London and Berlin,
the sensitive condition of sterling exchange under the
fluctuations in our money market, and the exports of
gold this week with the experience of last year should
we not take these facts as suggestive of what we are to
expect during the remainder of 1889-90 if we repeat
are so poor in currency to-day.
—
the policy of a year ago
?
THE NEW YORK CENTRAL AS COMPARED
WITH OTHER TRUNK LINES.
Tear
Oross
Eurnings.
Sev- 30.
ending
fiscal
year ending September 30, 1889, as disclosed in
The company had an-
the exhibit just submitted.
nounced
Surpliu
and
Net
Earnin^i.
Rentals.
Profll.
or
Dh lden(U.
Deficit.
P. at.
«
•
1,183,38
7,071,871
(8)
7,214.832
+787.039
ll,4S4,Si>3
1.961.800
(8)
(8)
7,1S«,790 +2.388,867
7.13<t,895,+2.S78,470
»
$
18T2....
25.5S0,fi7.^
9,13«,8,'»
1S73....
29.tai!.H51
18:4..
*
t
Sl.«50,:«:
13,S82,(ls9
3,518,731
1875,...
29,027,218
ll,7rt5,llD
4,425,915
9,523,057
9,713,355
7,330,l«i
(8)t
7,!S8,«7»
1870....
2^,046,5S,'<
11,923,418
4,709,310
7,21.1,070
(8)
7,ia9,S8S
1877....
2»,579 OSO
11,833,921
4,689.577
6,943,347
(8)
7,140,859
1878....
28.010,il55
187U....
.
+a)2Jll»
+78,848
-107,319
+80S.918
+454,058
12,774,578
4,780,132
8,038,448
(8)
7,13»,S4»-
2S.3.iO,6t-'-t
12,273,511
33.175,013
15,8^6,019
4,879,025
4,756,79"
w7,591,436
10,589,220
(8)
1880...
7.189,528
7.141,513 -7-3,427,707
1881....
82»t8,89;
12,883,810
4,990,78.
7,8l'2,62;
(8)
188.'....
30.623,781
11,232,807
5,488,90.
»,743,w04
(S)
Wis....
83.770,722
13,020,12j>
5,892.972
7.3i7, 53
(8)
18S4....
28,148.089
S4.429,4»l
10,209,358
8,630,?fla
4,Ri)3,780
(8)
ias8....
8,110,069
2,178,342
(8W)
1888....
30,608,3(11
11. 895,984
5,933,727
7.24^.831
4.650,099
(4)
-953,048
3,129,990
8,577,132 -fl,073,»»7
18S7....
35,297,056
88,132.920
12.90S,432
7,780,9^4
5,147,508
(4)
3,577,1.32
11.500.5S2
r.83 1.481
3,87.MI9
(4)
8,577,132'
7,.'^ 54,01.10
3,S13,0(>0
(4)
18-18....
Doubtless some disappointment will be felt with the
results of operations on the New York Central for the
Inierat
Xet
188D"...
*
35,654,000
ll,lid7,(KX.
(8)
+754,48*
-1,401.609
7.118.132
+179.0»4
7.139,(;41 -2.400,884
7.138,3431
7.1 15,513
i
!
+1.670,S7«
+97.987
3,577.132
+285,863
Partly estimatpd,
till th 8 year 10 percent altogetUr r was paid. As. Iiowover. tbera
was no Incre.iSttlu tho rafeo! divi leii.l, tUo ac^re^atolistributiori beinji^
lar.ri-r simply hecmsc of a cliafiiC' in ili*^ tlivllen t poi-iols from semiaunual to (luai'tdiiy, wc liavn allowed only for tiic orillnary 8 per cent.
{Ill this year the inetbod ot cliarutng diviJiMids was eli lusi'l. the
as its joolicy a year ago to distribute in the October. 18S4,divi le d of IJ2 per cent, wliuli iiiidor iheold arrangement would have I'Oiuo out of tlie 1S8
Ba^ui^^'J. lieiui; charged to
an extra dividend any surplus above the ai'cuiuulated iiicnme. and the next four iiiaiterly dividends, avgreg.iting Ski percent, charged to tlia I58I5 uarniugj, this plan having;
amount required for the 4 per cent regularly paid, and since tlien been regularly pursued.
naturally, therefore, there has been some curiosity to
On this basis the outcome is hardly as favorable as
see what this surplus would amount to. It now appears could be wished.
Taking the item of net profits,
that the surplus is not materially greater than in the which represents the amount left for the stock after the
previous fiscal year only about sufficient to pay a quar- payment of expanses and all charges, we find that only
ter of one per cent on the $89,428,300 of stock out- in two other years has the figure been as small or
standing.
smaller than in the late year.
As compared with the
If we analyze the statement, we reach the conclusion very best year the company has had
that is, 1879that the same causes which explained the previous 80 the contrast of course is very striking
for, as
year's small profits also in part explain the similar situ- against net profits then of $10,569,330, the sum now is
ation in 1888-9.
It is true that gross earnings fell off only $3,813,000.
In considering this falling off, how1478,000, but expenses the important element in the ever, one must bear in mind the changes in conditions
problem also fell off 1639,000, wiping out the loss in which have occurred in the interval. The absorption
gross earnings, and making a gain in net of $161,000. of the West Shore involved a great increase in the exA great many persons had expected a still heavier re- tent of track operated, with very little increase in busiduction in expenses, and on that expectation had built ness, since the West Shore serves substantially the
hopes of a surplus sufficiently large to warrant an extra same sections and territory as the Central as a result
dividend.
It will be remembered that in the previous of this increase in track, the cost of maintaining the
year there had been a considerable decrease in net road is greater than before.
Through the absorption
earnings, the reason given being that extra large of the West Shore, also, the charge for rentals and inoutlays for betterments and improvements had been terest was enlarged, thus operating still further to
made and charged to operating expenses.
The offi- reduce net results. There has likewise been a great
cial
statement was
that
about $3,700,000
had reduction in rates on the traffic handled. Finally, the
been expended
during the twelve months for heavy outlays for improvements, already mentioned,
renewals and additions to rolling stock, enlarge- come in to affect the comparison.
These latter are
"ments and betterments of terminals and sta- very important as bearing upon the value of the prop" tions, strengthening bridges, and improving general erty, for the company is now providing for all improve"condition of track." This large outlay, coupled ments out of earnings, instead of adding to capital
with the announcement of the company's intentions account. Hence, if the road is not paying as much as
with regard to future surplus, had created a belief that in former years, nor showing so much earned, the stockthe managers now saw their way clear to operating the holder at least has the satisfaction of knowing that the
property at reduced cost. But with $3,700,000 report- property is in better condition than ever before, and
ed as having been spent in 1887-S, and with the 1888-9 that besides yielding him 4 per cent dividends, its init
i-.^S
shape of
—
—
—
—
;
—
;
'•'
418
come
I
allows of
large
HE CHRONICLE.
[Vol.
year for further
outlays each
YEAB ENDING SErTEMBER
XLIX.
3''.
strengthening the property's position.
ISsO.
There is, however, still another point to consider,
and one which is suggested by the good reports of gross
and net earnings for recent periods submitted by the
Central's neighbors.
Is
the Central doing as well as
For August the Pennsylvania has just given out a statemect showing no less
than I603,C^5 gain in gross earnings and $483,051
gain in net, not counting in this the results on the
Western lines.
For the same month the Central
showed only $127,313 gain in gross, and for tlie
quarter ended September 30 has $213,000 increase
in gross, and $111,000 increase in net.
The Erie
these, or
is
(including
it
falling
the
behind?
New York
Pennsylvania
&
Ohio)
August reports $337,942 increase in gross and
$184,279 in net, and the Baltimore & Ohio $150,867
increase in gross and $62,756 in net.
Hence for this
period the Central has not prospered to the same extent
as its rivals.
Taking the twelve months ending September 30, the Central, as we have already seen, is
for
$161^000 ahead in net, but $478,000 bshind in gross.
The Erie being a large coal carrier, and having suffered
~»
York Centrnl—
Grosa ran Ings
-Veui
1883.
1389.
:«i,7ro.72a
24,429,411
35,854.000
20,750.594
I«,319,372' 2.3,t)87,(i00
13,020,128
8,110,069: 11,667,000
I
I
33,175.013
Expenpes
Net earD'nes
Pamaylvanla (Eastern T..iaes) —
19,326,019
I
Gt:s9 earnings
40,SSS.«-8
51,084.955
Expenses
23,387,912
32.1.'0,482
45.405,444 t5»,310,000
29,080,831 +40.041,000
Net parnlnK*..
16,970,737
18,904,473
15.718,813 +19,«01>,000
Gross earnings....
23,827,780
27,3C0,488
Expenses
15,574,987
17,814,865
20.355,617+38,850,000
14,347,518+17,743,000
Net earnings
Baltimore A OhtoGross earnlnKS
8,252,749
9.415,624
18,317,740
l«,73»,f38
Expenses
10,330,770
11,034,015
Net earn inB«
I
7.9e(".,ll70
8.705.8i3l
6,208,101
+9,113,000
16,618.042 +2O,96O.C00
10,973,585 +14,749,000
5.843,057
+6,211.000
Including New York Pennsylvania & Ohio In all tlie ye.irs.
f
No tlguresjet for Septerubir, 1S>'0; we liave ttlccn tlip'resiUt for
that mouth the same as In September, 188^.
Here the exhibit
is
The road
Central.
is
somewhat more favorable to the
shown to have held its position
& Ohio,
but of course not as against the Pennsylvania. Taking
the initial year (1880) given, the Central's grcss is up
from $33,175,000 to $35,654,000, the Erie's from $23,well as against either the Erie or the Baltimore
827,000 to $26,856,000, and the Baltimore & Ohio's from
The Pennsylvania, how$18,317,000 to $20,960,000.
from the depression in that trade, for the eleven mouths
has a decrease in both gross and net 1361,000 in the ever, in the same period has increased from $40,358,000
former and $101,000 in the latter. It is proper to say to $59,340,000, being an improvement of 19 million
The road had gained
that the whole of the decrease in gross on the Central, dollars or nearly 50 per cent.
and more too, occurred in the quarter ended December nearly 11 million dollars between 1880 and 1883, while
—
31,
when
we look
rates were yet demoralized.
at the figures of the
Baltimore
However, when the Central's gross had remained almost stationary, and
Ohio, we find has gained the remaining 8 millions in the six years
&
months (including of course this same
December quarter) an increase of $607,490 in gross and
$58,708 in net, while the Pennsylvania figures, made up
to cover the same period, indicate no less than $1,365,for the eleven
The Pennsylvania's
since then.
strength of course
lies
Yet the Central in its territory
is no less distinguished in that way, and this local business on it has undergone wonderful development.
Thus
while the way freight in 1880 was only 8,097,939
the eleven
782 increase in gross and $441,822 in net for
months. Thus the two northern trunk lines namely,
the Central and the Erie are both seen to have fared
less favorably than the two systems further south, the
Pemisylvania and the Baltimore & Ohio.
—
—
Bat while these
results are interesting as disclosing
in its local business.
tons,
in
amounted
1888 (we have no figures yet for 1889) it
to 13,353,280 tons, while the number of way
passengers rose in the same interval from 8,154,551 to
17,779,089.
and
steel
and
In the case of the Pennsylvania the iron
coal industries account for much of the
the most recent changes, it is always hazardous to make growth, as these make traffic very fast. As regards coal,
deductions or to base conclusions on comparisons cover- the Central has in recent years greatly improved its posiing such a short period of time.
It seems desirable tion, having carried no less than 4,336,745 tons of coal
therefore to extend the comparison further back, and and coke in 1888, against only 1,639,506 tons in 1880.
accordingly we have prepared the following exhibit But alongside of the Pennsylvania's total of 21,040,918
giving the gross and net earnings for the four systems tons (calendar year 1888), the Central's figure is still
in question at four distinct periods, namely in 1880, insignificant.
Nor can the Central .show any such
in 1883. in 1885,
and
in 1889.
The
year 1880 was of
course a very prosperous one, the Central then
making
traffic
as
the heaviest net which
portation of
tory; 1883
secrets of
it has ever recorded in its hiswas another good year, on many of the roads
better even than 1880; 1885 was a year of extraordinarily
poor results, marking the culmination of the trunk-line
war; in the fiscal year 1889 rates were well maintained in
all except the first quarter, and the general traffic conditions were on the whole quite favorable.
In giving the
in iron, either in the raw
manufacture or in the transthe finished products.
These are the
the Pennsylvania
materials needed for
the
its
,
Pennsylvania's exceptional gains,
not
overlooking of course the fact that the managers have
made
full use of
the -opportunities offered them.
Under
was hardly to be expected that the
Central could record the same degree of growth.
It is to bo noted that from the low point reached in
figures for the latter year, we have taken the Central's the trunk-line war in 1885, the Central shows as marked
totals just as reported, it being understood that the recovery as any other road, though this follows in part
results for September have been in part estimated by from its having experienced the greatest depression.
the company. In the case of the Pennsylvania, the Erie, Thus the gross has risen fr.om $24,429,000 to $35,654,and the Baltimore & Ohio, no figures or estimates are 000, that of tlie Pennsylvania being up from $45,405,available for that month; as it is essential, however, to 000 to $50,340,000, that of the Erie from $20,555,000
nave totals covering a full twelve months, we take the to $26,856,000, and that of the Baltimore & Ohio from
September 1889 results the same as in Seirtember, 1888. $16,616,000 to $20,960,000. In the net the increase on
We should also say that though the Erie in some of the both the Central and the Pennsylvania has been about 3^
earlier years given did not operate the New York Penn- millions, with about three millions increase on the Erie
sylvania & Ohio, we have added in the results on that and not quite $600,000 on the Baltimore & Ohio.
As
road for those years, so as to make the comparison on compai'ed with either 1883 or 1880, however, the Cenan even bas'S,
tral's net now is very much less, but that is not of so
the circumstances
it
I
October
5,
THE CHRONICLE.
UtO.
much consequence
419
might seem,
since, as said, the trouble and inconvenience to the body of those interbetterment charges in expenses. ested than to choose the calendar year.
BesidcR, June
Tiie Tennsylvania, which has been pursuing much the 30 is the official year of the United States Government,
same policy, also shows the effect of the same circum- which made it desirable that the Inter-State year should
company
is
as
including
it
all
As compared with
stance.
1880,
its
gross earnings have
not differ except for very good reasons.
tion,
than in any other year given, which the others do not.
of the States, as pointed out above,
it
would now be too
action in accordance with
tiOVEHNMEST RAILROAD REPORTtS AND
ACCOUNTS.
The
influence of the Inter-State
its
the
year in accordance with the action of the con-
Department upon the matter of
railway statistics in the United States, and the best
means of gathering and presenting them, is seen in the
reports now bei?ig submitted to the Massachusetts and
Connecticut Railroad Commissions by the railroads of
those States.
The present returns are to June 30,
whereas previously the fiscal year ended September 30.
The legislatures of both States, however, have changed
Statistical
March of State Railway Commissioners
and railway accountants with the Inter-State Commerce
Commissioners, at which it was resolved to adopt the
form of report prescribed by the Inter-State Commission, and also as far as possible to make the fiscal years
of the several States conform to that of the Interference last
State Board.
The action in these cases is only one evidence among many, all tending in the same direction
and thus quietly but surely the purpose of the Commission in seeking uniform accounts and returns is being
;
accomplished.
Nevertheless, agitation and discusvsion of the question,
and of the wisdom
some of the requirements and
([uestions contained in the Inter-State report, have by
no means ceased. Messrs. Dow, Jones & Co.'s Wall
Street Journal had an item Wednesday afternoon stating
that Mr. S. M. Williams, the Controller of the Central
of
New Jersey, had already taken steps to
bring up before the Association of American Railway
Railroad of
Accounting
Officers at their next
meeting in February
the subject of the ending of the Inter-State
'•'
Some
if
A
late to retrace
it,
many
since
have already taken
it.
more important circumstance
form
Board
relates to the
of report itself, and the effort of the Inter-State
from the roads certain special items of informaby arbitrary methods, more particularly in the
division of expenses between the passenger and the
freight departments.
We have frequently dwelt upon
this feature of the matter, but a very interesting and
instructive address on the same subject was delivered
at the July meeting of the Association of American
Railway Accounting Officers, by Mr. O. L. Lansing,
Secretary and Controller of the Southern Pacific System
of Roads, and this address has recently been printed in
the third report of the Association.
Mr. Lansing's
criticisms are the more deserving of attention since he
commends the general plan of the Inter-State form
of report.
" The report seems to me," he says, "on
" the whole to be less objectionable than any similar
'governmental form with which I am familiar. And
" when its use is considered by practically all the rai!" ways of the country, it contains on the whole perhaps
" as few objectionable features as could be reasonably
"expected." He also approves of the general classification of expenses.
He says that at least one form of
governmental report with which he is familiar requires
to get
Commerce Commis-
sion and
fiscal
But even
the wisdom of the step taken were to be called in ques-
increased 19 million dollars, but the net only 2J million
dollars.
The Pennsylvania, however, shows larger net
of the railroads,'' says the item,
fiscal year.
"are
seriously
—
tion
the distribution of expenses into 180 separate items.
The
Inter-State Commission requires only 45 items. These are
grouped, and correctly as Mr. Lansing and most other
—
namely, maintenance
maintenance of equipment, conducting transportation, and general expenses. The fact
that the grouping is a natural one, and exhibits the
more important results of railway operations in a clear
and comprehensive manner, as also the probability of
its becoming, through the influence of national and
State Commissions, the standard for American railways, has led, says Mr. Lansing, to its adoption on
the 6,000 miles of road operated by the Southern Papersons think, under four heads
of
way and
structures,
" objecting to any change from the calendar year, among
'•
them Mr. Williams, on behalf of the Jersey Central,
" who will urge the Commission to adopt the calendar cific Company.
"year." Xo doubt many advantages could be cited in
But when it comes to the division of expenses befavor of the calendar year, and for obvious reasons such tween the passenger and freight departments, so as to
year would be preferable to any other.
But the get an average of the cost per passenger per mile and per
matter was very carefully considered in the first ton of freight per mile, Mr. Lansing dissents sharply
])lace.
The main object of the Commission was from the rules laid down by the Inter-State Commisto secure a uniform series of reports for the separate sion.
The directions of the Commission are that exStates and the United States.
Some of the roads, penses whicli are not naturally chargeable to either paslocated wholly in one State, are not subject to the juris- senger or freight traffic, shall be apportioned on tiie
diction of the Inter-State Commission, and yet as the basis of the mileage of passenger and freight trains reCommission had decided to furnish statistics and com. spectively. As showing the extent to which an apporpilations covering the whole railroad system of the coun. tionment in this way is necessary, Mr. Lansing points
try, it was essential that the figures it would be obliged out that of the 45 items of expenses called for in the reto use from the returns to the State Commissions should port no less than 42 are
wholly or partially "incapable
be for the same date as its own.
Having this object in of exact division between passenger and freight service.
view, the point was to provide a year which would occa- As a general statement, he thinks it is fair to say that
sion the least friction and cause the smallest opposition the proportion of operating expenses of a railroad which
on the part of those chiefiy concerned. And here the cannot be located amounts to about OO per cent of the
argnnionts in favor of closing the year on June 30 were whole.
This being so, the question is, does the appornumerous. It was found that in many of the States tionment provided by the Inter-State Board give relithat year was already in use, while comparatively few able results ? Mr. Lansing answers in the negative.
States made their reports to December 31.
In the first place, freight trains as a rule are very
Hence it
was evident that to adopt June 30 would cause less much heavier than passenger trains, and Mr. Lansing
•'•
r:
JHE CHKONICLE.
420
[^OI. xtix.
"
trallic, the result shown is that it costs nothing to
"carry extra baggage, mails or express, nor to perform
"other miscellaneous service." We should think that
the result in the Southern Pacific case was exceptional,
and
respectively
345
but
freight
trains
are
the fact that the rule admits of any such result
weights of the
404 tons for the two divisions. On the Union Pacific the would seem sufficient reason for modifying it.
average load of a pissenger train is 269 tons and that of
On the Northwest the relathe freight trains 402 tons.
COTTON EXPORTS
YORK.
tion is as 208 to 388, on the Pennsylvania 221 to 420, on
We directed attention two weeks ago to the fact that
the New York Central 329 to 03 1, and on the Louisville
New Orleans was assuming increased prominence in the
& Nashville 208 to 404. The excess of the weight of a breadstuffs exports. But if the Crescent
City is improvfreight train over the weight of a passenger train varies
ing her position on the cereal movement. New York
on these roads all the way from 27 '8 to 94*2 per cent.
ande
Atlantic ports are clearly making great prog-
has prepared a table bringing out that fact very strikingly.
On the Southern Pacific the average weight of
a loaded passenger train is 270 tons for the Pacific system and 208 tons for the Atlantic system, while the
AT XEW
With the
fact of a heavier freight train load estab-
lished, the only justification for placing freight
and pas-
ress in tlie case of the exports of cotton.
At the
close of
our cotton crop review, in the issue of Sept. 14, we gave a
senger trains on an equal basis, as the Inter-State report
table showing the cotton exports for a series of crop
does, must be sought on the assumption that the greater
years from the leading ports. That table discloses some
speed at which passenger trains are run counterbalances
interesting facts bearing upon the steady growth of the
the effects of the increased loads carried by the freiglit
export trade in this staple at New York.
Taking 1884,
trains.
Taking the largest single item of expense,
the initial year given in the table, and comparing the
namely maintenance of track, that would certainly bo
results with those for the late year, it is found that while
increased by the speed of the trains, argues Mr. Lansing,
there has been an increase in total exports of over 800,since the destructive effect of a blow increases with its
000 bales. New Orleans and Georgia show but slightly
velocity.
"AYith a track, however, in perfect eoudienlarged shipments, and Mobile, South Carolina and
" tion, a rolling train would strike no blows, and differTexas all show reduced shipments. On the other hand
" ence in speed would scarcely affect the expenditure
New
York has increased her exports from 056,541
" for repairs." Hence it all depends upon the condito 1,080,291 bales, and in all the years between 1884
tion of the track.
Mr. Lansing also finds that there is
and 1889 has never once failed to record a gain. Boston
no natural or known relation between the average
also has greatly added to her shipments, though with
greater weight of freight trains and the average greater
some fluctuations, and the total of 234,750 bales for
speed of passenger trains. As the weight of a passen1889 compares with but 125,861 bales in 1884. Baltiger train increases, the speed is also likely to increase,
more has increased only from 170,252 to 199,271 bales,
rather than the reverse.
Moreover, on some minor
and Philadelphia is down from 111,.264 to 59,238 bales.
roads the passenger load will be heavier than the freight
Virginia has gained as decidedly as New York, its
load, thus bringing both elements of expense on the
present total of 544,054 bales comparing with but 274,same side. Furthermore, there are many items of
510 bales in 1884. The progress in that case is due
expense which are not at all affected by the varying
chiefly to the advance in the position of Newport News
speed, and in such cases it is clearly erroneous to treat
and West Point as shipping ports. But it may seem
freight and passenger trains alike.
Finally, Mf. Lansdesirable to extend the comparison one year further
ing declares that the theory on which expenses incurred
back.
Accordingly we give the following, showing the
in connection with mixed trains are divided, namely
exports in both 1883 and 1884, and also the figures for
one-fourth to passenger and three-fourths to freight,
the last two years.
*
pretends to no better basis than a guess.
EXI'OHTS OF COTTON TO FOREIGX PORTS.
Mr. Lansing thus makes out a very strong case.
Year endinij Au^jvat
Unfortunately however he does not offer any substitute,
and seems to reach the conclusion that it is quite impossible to find any reliable method for determining the New OrleaDs
cost per ton or per passenger per mile.
all.
refers to
The
alter-
native would therefore seem to be presented of content-
ing ourselves with the Commission's wholly arbitrary
results, or of having no data at all with regard to the
cost per unit of traffic.
We hardly like to accept that
a matter of some encouragement that
the Inter-State Board recognizes that its api^ortionment
situation.
It
is
may
bale;
South Carolina
OeorKia
31.
188S.
1H89.
1,452,980
1,622,687:
l,4SJl,487
45,890
37*,S73
419,000
626.ST3
862
87,762
401,713
777,688
186,582
1(M,4S0
848,128
67,537
8^3,710
85»,7d6
S72,«;0
62,488
887,621
440,230
833,956
50,493
257,584
408,849
316,832
1.062
2,162'
4,745.709
8.910.5791
,
Texas
FlcrirJa
Nurtb CarnllDa
Virginia
New York
Boston
Philadelphia
Baltimore
Portland, Mr
San Francisco
Total frnm United States.
1884.
1.603.947
Moble
He
three other methods of apportioning expenses between
passengers and freight, and rejects them
1S83.
C,751
3,446!
47.242
1U,«03:
«74,B10
656.541
467,761:
125,881
111.264
176.262
2.350
018,981
241,7271
100,747
544.054
1,080,291
234.760
73,831
5i',238
164,111
189.271
239
1,080
124
4,838.8
4,742,745
were almost the same as for
has i^roposed to undertake a special investigation into the late j'ear, and, comparing these two periods, the
the subject.
changes already noted become still more striking. New
One point advanced by Mr. Lansing would seem to Orleans, South Carolina, Georgia and Texas, all liave
require immediate attention.
He says that in arriving lost some very heavily and Philadelphia and Baltiof expenses
be faulty, and that the Statistician
In 1883 the
—
—
at the average receipts per passenger
and per
ton, bag-
gage, mails, express and other important items of earnings are omitted in the Inter-State report, while in ascertaining the average cost per mile of traffic the entire
amount
of operating expenses
is
used.
The aggregate
on the Southern Pacific for 18S8,
says Mr. Lansing, reached *3,335,000, and "by thus
"charging all expenses to the passenger and freight
of these various items
more
total exports
have suffered a decrease, while the gain at
Virginia is much smaller than it appeared in the comparison with 1884. But the contrast at New York is almost as noteworthy as before, the exports in 1883 having
been only 777,528 bales, as against 1,080,291 bales for the
late year. Boston also has done well, and North Carolina
likewise deserves mention for her increased shipments.
It will be noticed that the difference between New Oralso
October
New York
and
leans
THE CHRONICLK
5, 1889.J
has been greatly narrowed.
1883, as against 1,003,947 bales exports via
New
York's
total,
RECEIPTS, EXPOBTB
In
New Orleans,
already stated, was but 777,528
as
421
The
AND 8PINNER3' TAKINQB.
receipts at the porta, as our statoments
from week
week have indicated, have been much heavier than ia
to
and the month of 1888, but there is a decline contrasted
Of with 1887 of 93,006 bales. The exports to foreign
course in some measure the shipments from a Soutliern ports have been of greater volume than ever heretofore
port are governed by the yield of the crop in the sections recorded in the opening month of the crop season, the
tributary to that port, and in this respect the situation high prices ruling in Europe having stimulated shipNotwithstanding this there has been a fair
has not been altogether favorable to some of those ports ments.
Nevertheless, the steady increase in accumulation of cotton in the various seaboard marin recent years.
the export movement at New York, through good and kets, the aggregate stocks at the close of September
bad crop years alike, and in years of light as well as approximating closely to what they were at the same
heavy shipments, is significant. It would also seem as if time in 1888. At the interior towns, however, the addithis lack of growth at most of the Southern ports might tions to stock have been less important than a year ago.
be made the basis for a forcible argument in support of
from Receipt) neceipU EXPORTS SnrCE SEPT. 1, 1889, TO—
the now general demand for better harbor facilities and Afw<ment1888.
tince
since
Stock*
to
Sept. 1.
But
bales.
for 1889 the shipments were 1,489,487
1,080,291 bales respectively from the two ports.
deeper water at those ports.
Oct.
usual statements of overland movement, receipts,
exports,
are presented
&c.,
They cover the
below.
month of the new cotton season, and although the
marketing of the staple has been on a more liberal scale
this year than last, they show that the aggregate moved
through outports and overland has been considerably
The decrease from September of
less than in 1887.
two years ago is largely ascribable to the lateness of the
crop the current season, but another influence operating to keep cotton back has been the quite determined
opposition in some quarters to the use of jute bagging.
The relatively small movement last year was due (as we
first
stated at the time),
to the
first,
1889.
Sept.
Sept.
1,
188».
COTTON CONSUMPTION AND OVERLAND
MOVEMENT FOR SEPTEMBER.
Our
1.
lateness of the crop
;
Galveston
EI Paso. Ac.
New Orleans. ..
89,787
313
497
126.112
65.37B
17,14U
881
48.618
141,415
4,883
97,367
11,820
59,100
81,590
32,809
Florida
Brunswick, Aa
Charleston
Port Royal, Ac.
WUrolnKton
Wa»hlngt'n,&c
West
Point....
2t
28
7,818
26
82
19,514
2o.33i
14,624
Total
1689
Total
188S
ratal
1887
*
38,794
313
813
24,850
7,143
80.610
61,781
e,atfi
S8,4S«
46.570
41,
8,610
10,881
3i,eoa
2,170
8,470
8.ssa
2.958
7,B80
S,9S8
7,960
4,614
81,078
8,«S2
9.«99
4,871
4M
5,691
13,422
6
9Ui
180,097
41,l:«
71,942
296,177
239,871
332,011
118,579
17.01K
3?,802
168.430
:5O,4e0
654.776
18e.8S7
5.6e.i
54.881
246,813
377.68B
i.W
821
5«l,7lu|
!
62,460
8 581
371
4.707
4,552
908
Great Britain exports include to
Using the
44,199
15,16:
89,480
8,500
1,659
1,808
51
PblIs(lelpbla,Ao.
4,308
«,«8»
2.730
547
8
669
191
81
6^0
Saltlmore
21,726
OeUl.
Tbtol.
2,eiu
14.644
Newp'tNewB.&c.
Piew York
Cantinent.
Trance.
BHtain*
133,975
Mobile
Savannah
Oreat
1,
1888.
facts disclosed
tlie
Channel.
by the foregoing statements,
second, to the refusal of planters to pay the ruling prices
we
for jute bagging, and, third, to the yellow fever epidemic.
reached a market through the outports and overland,
and the Southern consumption during September, this
OVERLAID MOVEMENT FOR SEPTEMBER.
The
amount
gross
of
cotton
marketed
shall find that the
portion of the crop which has
overland year and the two previous years,
as follows:
is
during the month has been 21,619 bales, against only
year and 48,178
It will be noticed that the route via
16,.538 bales for the
bales in 1887.
same period
Hannibal, which carried no cotton whatever from April,
1887, to November, 1888, a period of nineteen months
starts out this season with a movement of 1,356 bales.
In the net the gain compared with a year ago is 4,968
bales
the totals in the two years being respectively
—
1888.
1889.
last
Net shipments overland during same time
561.710
14,060
332,017
9.092
bales.
57."i,770
Eecelpts at the ports to Oct.
1
Total receipts
bales.
654,776
39,462
1
38,000
341.109
36,000
694,238
33,000
bales.
613,770
377,109
729,238
Southern oousumptlon since September
Total to Oct. 1
1887.
marketed during September,
1889, is thus seen to be 236,661 bales more than in
14,060 bales and 9,092 bales, but contrasted with 1887 1888 and 115,468 bales less than in 1887. To determine
the current aggregate records a loss of 25,402 bales. the portion which has gone into the hands of Northern
The details are appended.
spinners during the same period, we have prepared tha
—
OVERLAND DCRINC. SEPTEMBER.
1889.
,
••
Via. Louiaville...
Via CinclDnati
BUpped to
...
miUa, nut Included above...
Deduct ihipmenis Overland to New York, Boston, &c....
Galveston, Inland and local mills
New Orleans, 1 nland and local mills. .
Mobile, inland and local mills
Savannah, inland and looul mills
Cljarleston. Inland and local miUs
N. Carol'a ports. Inland and local mills.
1887.
Vir>;lnla ports, itiland
and
Total to be deducted
local mills..
6,752
2,362
1,356
5,581
2,997
12,271
11,155
162
448
2,019
2,152
5,867
2,907
1,941
2,191
2,290
11,712
4,904
5,043
949
473
843
21,619
16,538
48,178
1,106
952
792
1,048
1,038
2,786
923
1,051
3,539
1,596
950
706
54
225
773
50
507
75
1,708
1,879
1,784
7,559
7,446
8,716
...!'
of cotton
following:
18E8.
—
Atnounl shipped
Via St. Louis
Via Cairo
Via IIannll)aI
Via EvansviUo
The amount
101
Leaving total net overland*
39.462
9.032
14.060
* This total liinludes shipments
to Canada by rail, wmou slue*
September 1 in 188.) amounted to 1,147 Ijales; iu 1888 were 1,387,
bales and In 1887 were 1,704 bales.
bales.
Total receipts in September
Stock on hand commencement, ot year (Sept. 1, 1889)—
30,845
At Northern ports
25,51956,364
At Southern ports
3,272-
At Northern Interior markets
Total supply during September 1889
Ot this supply there has been exported
to foreign ports during September. 296,177
574L388 foreign cotton Included
Sent to Canada direct from West
Burnt North and South
SxMjk on hand end of month (Oct.
AtNorthern ports
At Southern ports
At Northern Interior markets
1,
613,770
59,636
673,106
295,603
1.147
1889)—
45,912
193,429- 239,371
3,203- 539, 329
Total takings by spinners since September
Taken by Southern spinners
1,
1889
Taken by Northern spinners In September, 1889
Taken by Northern spinners In September, 1883
Decrease In takings by Northern spinners this year
134,077
33,000
96,077
100 , 723
—
bales.
4,651
The above indicates that Northern spinners had up to
Oct. 1 taken 96,077 bales, a decrease from the corresponding period of 1888 of 4,651 bales and a decrease
from the same time
in 1887 of 51,319 bales.
THE CHROVJTLE.
422
REVIEW OF FRIGES IX SEPTEMBERSTOCKS, GOVERNMENT BONDS AND
FOREIGN EXCHANGE.
AMOUNT OF CROP NOW IN SIGHT.
In the foregoing we have the number of bales whicli
has already been marketed this year and the two pre-
An
vious seasons.
additional fact of interest
of the crop which was in sight on October
with previous years.
is
1,
(Vol, XLIX.
The
following table shows the highest and lowest
and miscellaneous stocks at the N. Y.
Stock Exchange during the month of September, 1889.
RAILROAD AND MISCELLANEOUS STOCKS.
the total
prices of railway
compared
Railroads.
013,770
377,109
47,100
729.238
93,131
Bos. & N. Y. A. L. ft.
Buff Koch. & Pit tab.
424,2091
824, S6!)
Burl. C. R.
85,')00
64S.770
hales
Same
Month of September, 1889
Same
peri'd in peri'd »i
1888.
1887.
Atchison Top. &S.Fe.
Do
Central ol N. Jersey.
Central Pacilic
Ches.&0.,Vot.Tr.cert.
Do
Do
Chlcaso
Weight.
Weight.
534-46
498 00
536-26
489-00
48800
CI. Cin. Clilc.
17,119.75:5
52300
530 00
510
50000
500t0
483-50
481-10
477-10
477-00
493-Gl
Cieve. & Pitts, guar .
Col. Hock. Val.iTol.
Ool.
Greenv.. pref
Del. Lack.
Western
490 06
500 00
498-;3
488-00
481-59
479-00
,>3,166
73,478,170
29,847,237
22,753,00 J
7,188,300
26,583,000
502'25
504-8 J
(>l,S,7;0
313.802,124
511-27
505-32
493 48
Virginia
North Carolina
Tennessee, <ho.
45,-506
14,670
Total
1)1
It will be noticed that the
movement up
to October 1
shows an increase in average weight as compared with the
same periods of the last two years, the average this year
being 511*27 pounds per bale, against 505 '32 pounds per
bale for the same time in 1888 and 493-48 in 1887.
THE COTTON GOODS TllADE IN SEPTEMBER.
The demand for staple cotton goods at first hands in the
principal markets was steady but moderate, and a liberal
distribution of plain and colored cottons was made by
jobbers throughout the country.
P'ine yarn brown
sheetings were in fair demand by jobbers and converters,
but coarse yarn goods ruled quiet. Bleached goods were
in fair request and stocks are well in hand.
Domets
were active but other colored cottons ruled quiet. Prices
of brown, bleached and colored cottons remain steady.
Print cloths were quiet and a. trifle easier at the end of
the month.
1889.
Coten ^V^n^ Sheet-
12
13
14
15.
16.
17.
ings,
cloths, stand-
casl'r 3-iid
gmg-
OoU'n PK»(- SheetUna
ings,
Tnid- eloli
sheetstandings. dling, 04x04 ard.
107,8
4-00
..H.
10U„
8 73
3-73
3-73
i-73
3-73
ib'iB,,
3-73
lOii.,^
714
714
714
714
714
..
10"S„ 3-73
1015, 3-73
1016,6 3 73
1016,
3-73
lO'-u
373
8..
714
714
7I4
714
714
7H
..8..
ioi6,«
373
UP16|,
3-73
3-73
18.
19. lOTg
373
714
7>4
714
714
7^
20 1013,, 3-73
21. ioi-<,„ 3 73
714
22.
.8.
24.
25.
20.
27.
28.
\S'lh'7i
.8..
l(i7«
23
1838.
Can-
04x64 ard. hama
IIli6
101 B,
1016,
10%
3-T3
loll,, 3-73
1011,, 3-73
ion,, 3-73
1011 , 3-73
1011,8 b-69
29.
30. 10»i,
I
714
714
714
714
714
714
6%
0\
«%
6%
6%
6%
6%
5%
5%
5%
5%
^%
5%
5%
5%
5%
5%
5%
6%
5%
5%
5%
5%
5%
5>li
5^
5%
5%
5%
6%
5:!i
eh
6%
6%
6%
6%
6%
6%
0%
0%
6%
6\
6%
6%
6%
0%
0%
6%
,8.
3-69
714
...
H
103,6
101,,
lOl.g
3-37
3-37
3-87
10
394
10
3-94
712
Lan-\
caster
Ging
hams
\
S't?i'n
3-yd.
sheetings.
olida
71a
71a
71a
71a
71*
ioi,;'
3'9-i'
10
10
^9U„
3-94
3-94
3-37
3-«7
3-87
It"
3-87'
01 8
o.„
3-84
3-84
384
10
10
3-84
3-81
30
Do
->
.
.
Do
pref
Do
Do
109%
Oregon &Traus-Con.
Peo. Decat.
2i»i2
47
Pittsburg
Do
Eliz. Lex. & Big 8 ..
Evansv. & Tei-re H..
WreenB.Win.&St.P..
pref
Des
Mo
15%
18
93
95
4
llri
Do
18
6308
lOlig
93
711a
41
pref..
LakeShore
Long Island
Louisville & Nashv
Louisv. N. Alb. & Ch
Manhattan, consol...
.
.
90
Mauhaitan Beach...
& St. L.
pref.
& Texas.
Minneapolis
Do
Mo. Kans.
Mobile & Ohio
Morris & Essex
Nash. Chatt. &St. L..
Do
OSia
21is
4314
3-81
3-81
3 81
10
10
10
3-77
3-77
3-77
71B
71a
713
71s
7'«
71a
.
slu^etlng.s net.
6314
66I3
17ifl
10%
18%
3138
70.''8
3414
7378
2618
6II2
30%
61%
140
139
.
4ia
37%
35
pref.
&
41"8
Iron
5514
101%
98
pref.
VARIOL'S.
151s
Am.Cotton Oil Trust.
Amcr. Tel. & Cable...
91
97
A mer.
Cattle Trust ..
Chicago Gas Trust...
Distillers
&C.F.Tr'8t
National Lcail Tiurt.
pref
53is
86
13
57ia
OlOg
89
13
101
870s SgOg
14908 156
42
47
2278 25
Oregon Improv. Co..
Do
47%
100
Comuioreial Cable ...
Consolidated Gas Co.
Del. & Hudsbu Canal.
5
56
95
105
52ia
91
101
.
Oregon R'v&Nav.Co.
33% 3538
70% 73
96I4 lOlH
Line Certiflcat's
Pullman Palac« Car. 1771s 186
Sugar Refineries Co.
87
109%
Sout']. CoitOQ Oil Co.
61
651a
Western Union Tel.. .x84ia 87
Pacific Mail
Philadelphia Co
Pll>e
71%
22
5214
The range of Government bonds sold at the Stock Exchange
September was as follows:
GOVERNMENT BONDS.
4i2?,1891, 4t, 1907, 4 J, 1907,
coup.
reg.
coup.
Opening.. 10584
x 105%
xl2'7%
128%
I28I4
10334
Highest.. 10>%
127%
Lowest.. 105%
10508
12«78
12773
*105%
Closin g... 10534
1207g
12778
* Piices bid— no sales during the month.
1891
reg.
6I4"
ei4
6I4
6I4
6I4
614
6«. Cur.,
•98 reg.
6«,
Our,
'99 reg.
*130
*130
*129
*129
-127
•127
•120
'120
The daily posted rates for sterling exchange in Sjptember
are given below, it being unJerstool that bankers' actual
rates are usually a fraction belovp- the prices posted:
BANKERS' STERLING BXOHANGG (POSTED BATES) FOB SEPT., 1889.
6\
6I4
6I4
6I4
OH
6>4
Sept.
60
De-
days.
mand.
60
Sept.
days.
..8...
10l,«
10.,,
Co. .
Do
107
109%
16
ISI4
60 "s 70
37
39%
1 lOis 113
28
307e
&W.
36
57
22
149is 151
116
ll8»a
85
91
&
Fargo
Tenn. Coal
97is IO2I2
N. Y. Cent. & Hud. R.
N. Y. Chic. & St. Louis
Do
Istpi-ef.
Do
2d pref.
N. Y. Lack. & West...
N.Y. Lake Erie
79 14
42
10
13
73% 78
1378 15
131
153
Missoui-i Pacific
33H
.
log's
414
34%
20
16
31
33
54
151a
Colorado Coal & Iron
28 ij 34
Col. & Hock. C. A- I..
19
21
Homestake Mining.
10
9
Maryland Coal
llifl
13
NeM- C ntral Coal
7%
8%
Ontario Silver Mln..
35 14
35
Pennsylvania Coal... 313
315
014
Quicksilver Mining..
OOs
9 Is
12
.
pref..
Adams
II314 1171a
pref.
pref..
United States
91I2
15I3
6
Do
Wheeling & L. E.. pf.
Wisconsin Cent. Co..
American
66I4
liij
90
93
.
Union Pacific
Wab. St. L. i Pac...
3:408
Express.
107%
92
Michigan Central
MUw. L. Sh. & West.
Do
&
&
No. M.
Ohio Cent..
pref
A.
Wells,
6
13
.VIexi -an Nat., cert...
Ann
Coal and Mining.
Cameron Iron & Coal.
92
...
.
T.il.
7
28%
62%
110
111%
29
32
79 •* 83
106% 118
-.
10
On...
23
6ia
pref..
24 Is
pief..
&
Mexican Central.
Do
3i
21%
26 is
Istpref..
ADuUith
Do
7
3238
2016
29%
. .
40
OOI4
St. Paul Minn. & Man.
Southern Pacific Co
Texas &PaciUc
Do
Land Trust
235
1
36%
20is
22ia
&
pref..
Do
r,
116
pref..
Paul.
71s
22'g
48ia
I58I4 1581.2
25
2518
Western.
&
Toledo
llig
7014
21I2
23 13
7
.
...
King-ton & Pern
Lake Erie & West'n
Do
21
8ia
Do
Mar. Houjsh.
19
10
250
lowaCential
<fc
29
4I2
HiFleui
Hous. & Texas Cent.
tUiuois Central
Keokuk
23 14
45
&
&
Do
Do
St.
23
E'viUe.
St. Louis Ark.
Tex.
St. L.
S. Francisco
100
23
&
.
Do
pref..
79% 82%
Rome Water &Ogd.. 99 100
St. L. Alt &T. H."..
431a 49%
Do
1-24%
pref.. 105
IO2I4
19^8
U. N.
Richmond &AU..rec.
Richmond* West Pt.
76%
leog
&
Phlla. & Read cert«.
Pittsb. Ft. W.
Chic.
97
72
1st pref.
2d pref.
24
10738
41
7I2
-
&Ga. Ey.
37%
Ores. 8h. L.
41=8
I46I4 151
I8I2
17>a
481s 5234
Io'b l-»'4
.
16
52
57
130
391a
100
157
&
&
& Rio Grande.
Do
pref..
Den. & R. Gr. Weft
Den. T. &Ft. W.,cen.
Des Mulnes & Ft D..
Den.
27
24%
125
71%
pref..
20
22%
ISis
51
5 1 la
3278
St. L.
<fe
prof..
Ohio & Mississippi
Ohio Southern
Oregon Short Line..
24'e
P8
2i«
Eo
4I2S,
6 14
6I4
OI4
C14
014
6I4
0^4
S..
•
Southern
50
85
22
64
4
in
...8...
713
7is
71s
713
71a
71a
70%
lieifl 130^4
1
6I4
6I4
6I4
6 14
.8...
7I2
714
71a
71a
71a
71s
30
214
6^
...8...
79%
25
64
54
Bait....
pref..
Do
pref..
N. Y. & North., pref.
N. Y. & New England
Ex-iights.
-The above prices are— For cotton, low mi Idlln^? uplauda at New York
lor pnii lug cloths, minufactui-ers- net prlcf4; for sh etiugs,
agentspnoee. wli ch ar« subject to an avoi-iige disciount of 5 percent, exeen!,
ft-heu olhcrw:sB sta'cd;
&
Wash.
Do
E.Tenn.Va.
TnoludinK Florida.
106
22
.
543-18
Weight.
Lok. Hiah*248'a 279
12ia 13
N. Y'. Ont. & West....
17ia 1938
N. Y. Susq. & West. .
8% 983
Do
pref..
331a 37
Norfolk i Western ...
17
21
53 1« 58I4
Do
pref..
Northern Pacific
31
3638
72 14 78'8
Do
pref..
Ohio Ind. & West....
9'b 13ia
IO212
&
7238 74'e
I1314 118
11208 11478
XI4II3 1441s
&
101
:o4»8
14% I6I2
36
39'6
36I4
Chic.etP.Mlnn.&O.
34
Do
pref.
100
10138
74,028.916
02,803,776
South Oaruuuc
1.
2.
3.
i.
5.
«.
7.
8.
9.
10.
11
&
Uhlc. Burl. : Quinoy.
Chic. & East
Do
pref..
Chic. Mil.
8t. Paul.
Do
pref..
Chic. & Northwest.
Do
pref.
Chic.
Rock Island..
Chic. 8t. L. APittsb..
Do
pref.
136,288
126,112
32,609
14e,29i
59.121
Georgia*
ing
& Alien
Pound:
Alabama
louj
1st, pref.
'Jd pref.
Weight in
liOnislana ......
mid-
do
do
Railhoads.
N.Y.N.H.& Hartford
N. Y. & Rock. B ach
OH
53j
0-U
104
21
pref..
& North..
Bales.
Average Averagt Averagt
Low. High.
105
165
40>«
32
I'aclHo
Cauadian Pacidc
CauaUa Southern
Cin.
dling.
&
Alluntic
Ifumber of
Texas
X
..
1687.
This indicates that the movement during September
of the present year is 224,561 bales more than in 1888
and 175,599 bales smaller than in 1887.
WEIGHT OF BALES.
To furnish a more exact measure of receipts up to October 1 we give below our usual table of the weight of bales.
•
Susii ich.
1888
ToUkI marketed, aa abave.... bales.
Interior stocks In excess of Sept. 1
Total In siffht
&
Albaiij'
1889.
1....
2....
3....
4....
5....
6....
7....
8....
3....
10....
11....
12....
13... 4 83 '2
H.
14... 4 851a
4 841S-5 4 881a
15...
8.
10... 185%
185
4 8813
4 8818
17... 4 85%
4 85
1 »5
4 88 12
18... 4 85%
4 83
4 88 13-9 19... 4 85-%
•20...
8.
4 85
185
185-12
4 85-%
I8SI2-9
4 8-li«-9
4 >i%^-Q\
4 89
I
mand.
4 89
4 83
I'sb""
4 89
4 89
8S%-9
4 84%-5 4 88%-9
184%-5 4 88% 9
21...
22...
23... 4
24... 4
4
.8.
84%
5 4
8l%.5 4
8S%
88%
Sept.
60
De-
days.
mand.
25.
4 84%
26.... 4 81%
27.... 48k%
28.... 4 81%
29....
30.... 4
31....
,
4
88%
4 8-*%
183%-'J
4 8J%-9
S.I
81%
1
First 4
84%-5
Higu
Low.
85
188%
189
188%
Last
1
•i
184%
1 81%
88% 9
t88%-9
OCTOBKU
5,
THE CHRONICLK
iet9.J
The following fctatemett for September from the office of the
Treasurer was issued this week. It is based upon the actua'
returns from Assistant Treasurers, depositaries and superintendents of mints and assay offices, and siiows the condition
of the United States Treasury Sept. 30; we give the figures
August
DBBT BBAHINO NO INTBBBaT.
STATES TREASURY STATEMENT.
UJSIITED
for
428
31 for
comparison
*M.MI
Old demand note*
Legal-tender notes
Certificates of deposit
Less amount held In Treasurer's cash
Gold certificates
Less amount held In Treasurer's OMb
34(I,681.0I«
l6,04S/)00
770,000—
4 '.078,803-
I1«,A7S.34»
S80.497.767
3,87«,0»2- 27«,ai9,T19
1S.291,«2«
8,:|75.«3««,»19,«e0
gUver certificates
I.,ess
amount held
In Treasurer's owta .......
fractional currency
:
Less amount estimated as lost or destroyed..
SKPTKMBxn
AuGUcT
30, 1889.
19.975,000
IG8.749.1S'i
Aggregate of debt bearing no Interest.
31, 1889.
l7«2,M8,aU
BBCAPITULATION.
Aaaett
and
Baltruef,
AueU ana
BalancM,
Prtncfyol.
LUMlUUt.
LlabiUtia.
TDtak
/nt«r<ft.
t
841.537.116
64,331,630
239,r96,043
64,039,146
Debt on which
(Asset) S05.P71,772
Total gold
loK,749,l.Vi
Certlucatea iBsued
304.048, 18»
l<U,9b0.<52
39,557,233
Total debt
tiOLD—Coin.
Bullion
....
tnt.
*
9,683,758.
862.948JS02
1,897,425
has ceaaed...
872.9oa.ia I
198,908
zMO.au
9,706,728
1,«80,779,8«S
762,223,218
Certlflcates
on hand
42.073,808
Certitlc's, net.iLUtbility) 116,675,349
Less cash Items available for reduction ot the debt.. .t420,175.900|
100,000,000
Less reserve held for redemption of U. 8. notes
123.393,511-
189,196,423
Net gold in treasury
SILVER— DollarB.atand'rd
7eii,aH,8is
1,627,060,140
8S2,P83.650
]28a.6S.-".Bn4
S,203,29l
5.259,602
(Asset) at8,188.841
Total ailver
i«0,4»7.7B7
CertiQcates Issued
287.843.466
274,722,196
6,141,570
Debt, less cash In the Treasury. October 1, 1889
Debt, less cash In the Treasury, September 1, 1889.
263,580,626
Decrease of debt durlngthe month
Decrease of debt since June 80. 1380
Balllon
Certificates
on hand
3,878,05'.'
Certiflc's,net.(L(aWIi(i/) 276,619,718
Net sliver in treas 7
(Asset) 3«,U5,S5h
U. States notes
16.U45.000
Certificates Issued
-70,000
Certificates on hand
16,275,00('
—
Balance*
(Asset)
Debt and Int.—
unpaid
Accrued interest
Matured debt
Inter't on matured debl
Debt bearing no inter'st
Int. on Pac. KK. bondt
due, unpaid
Intertfst due,
Aoo'd
32,325.035
8,U8;i,53»
l.W,83e
48.342,006
152.H61)
1,691
RK. b'dr
616,,235
ll,605,8i5
lO,0r»,4S2
redeemeo
1,601
or
89l.Sr3
48.581
362.324
102,387
U.
^.
Debt and later^st.( Asset,
911.825
D'bt4int.net(W<ittii(»>
Res'veforred. U.S. notes. i6b^boo,o()6
Fund held for redpmp. oi
71,957,617
notes of Nat. Banks
Five p. c. f 'nd f or redemp.
5,093,841
of Nat. Bank notes
Totals
Union
9,110,855
io6,oooi666
Total
(lAaMUy)
(nt.on D.Col.bds pd (Asset)
Net
accrued
and not
yet paid-
Int. repaid by
I
By Tram- By cotlk
porfation
12.083.602
1,628,380
64,623.512
969,352 82,488,687
22,279.074
i P.
I
J
1
Qalanc4
\
pay-'-'f '«'«»'»«
V^dby
m'es;6p.c.
net earnings. *** ^- ^•
j
Service,
»
»
388.276 32.771,198
94,545| 8,398,413
4(8,547;34,762,991
24,000 2,125,808
89,558 8,377,850
24,424 2,050,492
8,303,000
I
Companies.
Inttreit
paid by
llhe U. S.
t
6.908,710
t
658.383
3.725,821
301,817
9,887
158,755
431.409
6.926
26.804,804
4.678.991
23,240,080
1,781,063
2.368,283
1,808,737
1,103.619
159,103.868
Pacific.
piouetavg s (£>amm&vciix\ %UQlish ^etr b
otir own correspondent.]
London, Saturday, September 31, 1889,
The rates of interest and discount have advanced thia week.
The rate of interest in the outside market has ranged from
about 3 to 4 per cent, and the rate of discount is nearly 3^^
per cent. During the next six or seven weeks there will be a
[From
8,102, 489
179,-<!7S,5('2
4,438,820'
174,245,378)
2.827,909
50,552. i«e
1.176,315
320
200
3,180
1.160
441.538
508,818
3,476,916
4,240.779
80,817
large expansion of the internal coin circulation.
59,4!S,l<71
4,t«Sil
It is
prob-
shipments of gold to Brazil will continue,
and there wiU of course be the usual miscellaneous exports
which always occur at this season of the year. But on the
other hand, there is little probability of much of the metal
being received from abroad. Owing to the large shipments
able, too, that the
108.624
44,495.890{
(LiabUUy)
6,991,000
78,178,103
.
account
l3,e85,0M
The sinking funds held (111,141,650 bonds and $12,281 cash) «I1,15.'),938. of
which $3,334,689 was on account of Central Pacific and 17.810,247 on aoconntof
1
Treasurer's transf'rch'ks
and drafts outatanding
Treasurer U. 8., agent for
paying Int. on D.GoI.bds
1,083,740,028
966,827
Redemp.res'r.fl/iabu'.^l/) 177,951,458
Nat. Bank notes In process of redemp. .(Asset,
8,706,080;
Net res'rves.t Liatnlitji)
3..?3 1.691
Post Office dep't account.
Diaours'K OfBcers'bal'ces. 85,f 95,729:
Undistrib'd ass'ts of fatl'd
1,273,921
National banks
Fractional silver coin redemption account...
Redemption and exch'ge
Pacific.
Sioux C.
10,681,080
—
Currency and minor coin
redemption account
'
Cnl'n Pacific 27,236,5121
Cen. Br. U.P. 1,600,000
West. Pacific 1,970,560
17,,640
bonds and inte'st.
Int.ch'oks & coupons p'd
Fract'l cur'cy
Outstanding.
of Railivay.
Kan.
918
int. (LiabiHty)
Pao.
Name
»
\
Cen. Pacific. 25,885,120
1.384,
5,973,
1.900,,50&
153 .305
13.170
OiV.SoS
Int.,
Debt and
Interest
18,545,000
1,428.123
7,143,114
l.X«7,425
4«,S44,4a8
1.070,099,930
PACIFIC RAILROADS.
-J73,»41,86M
—
l*UBLi<'
19.S62,SiO
81.170,258
6,08^.538
177.641
47,746,852
Deposits In Nat. Banks..
1.116,900.990
Setcashlnthe Treasury
48,870,936
17.005.000
460,000
—
Certiflc's, net.(tlaMltti/)
Total debt, less available cash Items
ll,587.i;8
Net U.rt.notes in treas.
Trade dollar bullion
National Bank notes
•920,175.000
180,851.870
35,678
of gold from Australia direct to
San Francisco,
little
of the
metal is expected to come to this country, and in the meanBalances .(Liability
229,39r,449
•<43..3.^a,913 time the Bank of France is not inclined to part with any of
Net balance
(Asset
46,3i4,4J9
43,489,910 its large stock. There is a hope, indeed, that when the result
Assets not available
Minor coin
of to-morrow's elections in France is known the Directors
833.497
264.120
Subsidiary silver cola.
83,!-61,841
21,766,455
may be inclined to relax their watchful care of their stock of
Aggregate net Asset
7(J,648,7f.7
the metal. -Ajid in any case it is to be recollected that the
negotiations for the renewal of the Latin Union are a reason
why the Directors should desire to appear as strong as possible.
SO, 1889.
But unless the Bank of England can somehow or other
reserve, the danger is great that next month there
The followint; is the official statement of the public debt at increase its
may be a very sharp rise in rates here, making it diflScult for
the clof e of buaiuess September 30, 1889.
borrowers to obtain all the accommodation they may require.
This
week, therefore, the joint stock and private banks have
INTERSST-BEARINQ DBBT.
been much less inclined to lend than they were for a couple
Amount Outstanitfna.
of weeks previously, and the discount houses and bill brokers
Character of Inter'i
Int. Due Accrued
Issue.
PVbU tUgittered. Coup<m.
JcUnpaid. Interest
Tbtal.
in consequence have insisted ujion higher rates than they had
44,491,041
.1
59,380,293
.
—
DEBT STATEMENT SEPTEMBER
4«B
1801.
Q.-M.
Q.-J.
4a refdg.certfs. Q.-J.
Se. pension ..
J.* J.
Pacitic BKa..
J.* J.
1907.
la
Aggregate
•
ti,362,000
t
*
102,574,750
563,433,450
86,217,050
IS.
18Un; tU.004.S^«
I
21O,00C
105,000
•84,623,512
13,1611
969,:!5J
730,631,712 118,198,650
862,943.502
1.441,293
8.112.406
1.
655.386,050
118.140
1,181
1895; 1640.000 Nov. 1. 1895: average date of
»3,680.000 Jan. 1, 1«68, M.320,000 Keb. 1, 1H9P:
18, 1896
#9,712.000 Jan. 1, 1897; 129,904,952 Jan.
1899.
lt'95
an.
t
433,081
14,000,000
•64.623,512
16.
;
average date of m.iturity, Jan.
1,
*
6,5D3.a>0
matures Jan.
maturity, March
t
128,821,800
368.979
800,706
48,137
91,951,800
f)BBT O.V WIIIOH I.VTBRB3T
;
HA3 CBA9BD SINCB MATURITY.
Aggregate of debt on which Interest
ha-s ceased since maturity ia tl.8it7,42J
Interest due and 'inpaid thereon, tlS2,9if8. This debt oonaists of a number i
Iten B of which the principal amounts are called bonds.
i,
been charging.
In the silver market there is notliing new to report. The
I)rice has slightly declined to 43J^d. per ounce, as the British
Mint has ceased buying, and the demand for India is smaller
than it was last week.
The premium on gold at Buenos Ayres fluctuates widely
from day to day. On Wednesday private telegram? received
in London reported it to be as high a? I'M par cent ; on
Thursday a news agency gave it as 111 per cent, and yesterday the same agency reported it to be 129 per cent. With
wide and frequent fluctuations, the general tendency is uplately
wards, and there appeai-s
little
doubt that unle.M the issue
^
f
IHE CHRONICLE.
424
notes and cedulas is stopped it will continue to rise. Meanwhile the market for Argentine securities liere continues very
steady, considering all the circumstances. Investors hope
that somehow or other a crisis will be averted, but the best
informed are anxious. Probably the firmness in the market
[Vol. XLIX.
result of to-morrow's elections in France.
If the
Moderate
Republicans ai-e successful the expectation is very general that
there will be a great rise on all the bourses of Europe. But if the
is indecisive, the disposition
to wait will continue,
while a fall is almost inevitable if the Revisionists win. The
is mainly due to the fact that the trust investment companies
only activity in the stock markets, in fact, this week has been
wliioh have been formed here in such large numbers during in the South African department, and in the shares of the prothe past couple of years have bought up very large amounts posed Bank of Persia.
Some little time ago the Oceana Comof the new Argentine issues, and they are able to bold in spite pany of South Africa divided its £5 shares into five £1
of the unfavorable prospect. If a crisis should occur, never- shares. These £1 shares are now standing at about £15, or
theless, it is feared that these trust companies, powerful syn- 1,400 per cent premium.
Tliey have risen over 100 per cent
dicates and others will be embarrassed, and the apprehension within a fortnight. This is the most remarkable instance, but
is very strong likewise that syndicates and bankers in Paris the advance has been general in South African securities.
and Berlin will be involved in serious difficulties.
"When the Shah was in this country he granted a concession
Brazilian finance and the policy of the Brazilian Govern- to great capitalists connected with the East for a Bank of Persia.
ment are just now attracting a good deal of attention here. It was said that the capital was to be four millions sterling, and
Although the planters obtained no compensation for the that it was to carry out industrial works as well as to do
emancipation of their slaves, the Government has been obliged banking business proper. It is now understood that the bank
to give them financial assistance. It contracted with some is to be brought out very shortly, and though it is not yet
of the principal banks to lend them about nine millions sterling known for certain how the capital will be divided, or what
at 3 per cent, on condition that the banks advanced the whole the amount of the ordinary sliares will be, they have been run
amount to the planters at not more than 6 per cent. To enable up to a premium of 5. The commissionaires are exceedingly
the Government to carry out its contracts a loan for 11^.^ wealthy, and of course, therefore, the issue will be a success,
millions sterling was issued by it in Rio Janeiro last month, though it may be doubted whether developing Persia is likely
and yas taken by a powerful syndicate of bankers. It is to prove profitable early.
understood that though the loan was issued at home, a part of
The weather has been favorable this week for completing
it has aheady been disposed of in Europe, and it is expected
hai-vesting and for threshing. The supplies of New English
that every opportunity will be taken advantage of to sell wheat in the markets have increased, and prices consequently
more of it, especially upon the Continent. These sales have have been rather easier. The quaUty of the new grain is fairly
rendered possible the shipments of gold which have already good.
taken place from London to Rio, and it is feared that a conThe rates for money have been as follows;
siderable
amount more may
follow.
As much
as
from two
result
to
three millions sterling are talked of. If so large a sum is
taken within a short time from London it will cause considerable stringency here. But the hope is general that it may
be possible to obtain the gold in Paris. The Bank of France
undoubtedly could afford to part with several millions, but in
the present political condition of the country it is doubtful
whether the Directors of the Bank will be willing to do so.
The course of the sugar market has of late been con-
Tie
Europe and
America are much smaller than they have been for many
years past. At the beginning of September in 1885 the visible supply was 1,042,000 tons. At the beginning of September this year it is only 569,000 tons, and yet the price of beet at
trary to
all
expectations.
visible supplies in
«
Bank Bmt.
*
1
Aug.
16 3
«3 3
" SO
Sept. 6 4
••
18 4
••
20 5
•'
now
about the same.
The price of cane
As regards the growing crops it is
against 14s. 9d. last year.
reported that considerable dainage has been done in Austria
by severe frosts and in some districts heavy snow. The recent
mainly due to the break up of the Magdeburgh syndicate formed to control the market, but which
found itself unequal to the task it had undertaken. Large
imports from Russia intensify the effect of the syndicate's
break-up, and the ti-ade generally seems to have been abstaining for a couple of months past from purchases. Probably, too, the long strike here in London reduced the consumpfall
in prices
« - 3!<® -3 m - SMa - 9H% - 3Hi -,3M93^ 3HJ4 s,mi4
- 3H-i — 3Jia4 3«@4 3«(s4
3«®3-5j:S5t;® - s^a - 3Ma4
4 184^^4 m'A
2%9 -
-\a%(^
s%»3^:»iii»
8J6-4
-\SH* - SHi - 3Hii
.iJi^s^'sHa
- 3«a - 3»<a4'4
There
exceedingly
m
stock held
London.
Our operators are therefore afraid to sell short to any extent,
and they are equally afraid to buy. They will only, therefore,
follow the lead of the New York market.
The public
generally is as indifferent as it it has been all through
the year, and the greater operators have not yet returned to
the city. In British securities of all kinds there is Ukewise
is
little
inactivity, prices are exceedingly high, the
numerous strikes,
and the general rise in wages are leading to the conviction
fiat working expenses must be largely increased. And over
and above aU this is the dread that we may have a scarce and
dear money market next montn. In the market for interP ational securities there is a general inclination to wait for the
2M^-1H
iM
VA
2H
««
3«*4 '3«S4
iii^mH 3M^iH
2« 2«
2
2hi
2«-2«
!« m-iH
iH 25<-2«
September 20.
September
Bank
Open
Bank
liate.
Market
Bate.
IS.
September
Auoiist 30.
6.
Rates of
Interest at
3
Parts
Berlin
an
SH
SH
4
4
Krankfort
Open
Open Bank
Market Rate. Market
2
3
'~2jr
S
4
4
3
3
iH
3
3
2;i
4
4
4
Amsterdam
2«
2W
2«
Brussels
3
3
4
4
4
4t.
Petersburg..
OoDenhH»«n
4
6
3
4
6
3
2M
an
3
2H
3
4
2-x;
3
4
4
6
3
(T
4
e
S
s
1
4
6
3
The following return shows the
Open
Rate. Marktt
I
Hamburg
6
3
Bank
3
4
position of the
4
6
3
Bank
of
England, the Bank rate of discount, the price of consols, &c.
com]iared with the last three years:
tion to
operations.
I>«'l?<-1M
iH
Hi
3
a
3
is
some extent.
The stock markets have lost all activity this week. In the
market for American railroad securities there is almost as
much stagnation as there was a month ago. Last week it
seemeJ as if we were about to witness an increase in business.
But the lower prices in New York and the reported
fears of dearer money there have alarmed members of the
Stock Exchange, and they are once more abstainiiig from
Dtoc't ETse
been as follows:
—
is
Bills.
At 710 14
Tour
Six
Four
Three
Three
Six
Stock
MonthsilTontht Months Months Months Months Banks. Call. Day:
;
148. 6d.
Trade
{
The Bank rate of discount and open market rates at the chie'
Continental cities now and for the previous three weeks have
the beginning of September, 1885,was 153. 6d. per cwt. now it is
only 14s. 6d. per cwt. Even compared with last year there is a
very considerable reduction in the visible supply, from 734,000
tons to 569,000 tons. And still the price of beet is lower,
sugar
Interest allowed
for deposits by
Open marliet rata.
d
16H8.
1887.
1886.
£
£
C
£
24.567.860
OITOnlatlon
Public deposits
i)tlier deposits
(^Tarnment
1889.
securities
Otber secnritlep
Beserre of notes and coin
Coin and bullion
Prop, assets to liabilities
Bank rate
Consols
Olmrlng-Eoase rettim
24.819.7K>
4.981,041)
4.3(18.871
24.121.635
23,852,873
14.560.89:
14.721,400
20.5:6.896
20.fl43.036
12,401,0i^| n.91«,7a2
SO,S88,700
42H
p. c.
/
4 p. 0.
ti»H x.d.
20,5f.«,607
42 1-16
4 p. c.
97 5-15
24,107,780
4.937.713
3,178.089
21639,557 22,976,435
18,0.')l,e05 12.336,643
19,9S2.ll90 19,514,747
12.064,839 12,750.524
20,571,091 21,408.304
48«
45
31^ p.
4 P.O.
24.259.235
158,204.000; 147,871,000 125,823,000
89.101,000
&
Abell writ© as follows on the state of the
Messrs. Pixloy
bullion market:
(iiilil.— Willi no demand during tlie week, the Bank of England has
purchased the Imlk of t;o!d arrivals. £2();^,000 has bi'cu po lUaposed of;
£ISO,OOU has lieun witlidrawu, of which £i;iO,000 liiis (rone to South
Amer.ca. Arrivals have lieen from Chile, £2,000; Niw Zealiind, £55,000; Bombay. £0,000; West Indies, £:J7.000; Cajw, £5,000; Austnlia,
£163,000; total. £273.000. On Ihc 13ih £21,'I0 were scut to Bombay.
8 her— With the cesBation of the Mint order on the 17lh, the market
fiir silver became sliKhtly weaker in touc.*nd 42 >id is now the (iiiotation. Suuplica i-eeui scHrcc. Arrivals have been from Cliile. £44.000;
New York. £37.000; West Indies. £10.000; lotal, £91,00i'. The P, &0.
stean er of 13lli took £192,000 to Bombay,
^fexican Uollars-There have been uo dealings In Mexican dollare,
and they are nominal.
.
.
Octob:k
'IHE CHRONICLE.
5, 1889.J
The quotatior s
for bullion are reported as follows
:
8ILVKB.
GOLD.
Hept.n.
Sept. 19.
London Standard.
d.
«.
Bar
Bar
gold. One.. ..01.
gold, contaluV
30 dwt^f silver. .oz.
e
77
77 10
».
d.
77
9
London
Sept. 12.
.SVj.e. Itr.
Stonrtnrd.
77 10
d.
Bar silver
or. <2«
Sar sliver, contain-
12
Ing &Krs. KOld.oz. i-m
'ako silver
oz* 15 13-16
vlexloan doli«
oz.'
f. 15-16
45 15 1«
41 la-10
—
:
1889.
1888.
1887.
2,7i7,52."i
2,3t7.(i0.'">
2,823, M70
1886.
2,476,577
561.391
253,407
106.019
406.243
71H,«52
489.960
498,9!I0
681,738
6I.8V4
43.855
114,772
91.522
220.83O
li0.782
Beans
1:4, 956
106.470
83ti,3«7
Indian corn
1,457,636
1,271.816
1,201, 7 t.l
Flour
640,993
669,811
755,383
838,433
Supplies available for consumption (exclusive of stocks on
Barley
Oats
Peas
September
Oiu-
Bales of liome-tn'own.
1888.
2,347.603
609,811
49.',129
t
(140,993
l,359,2a0
5.400,086
3.309,005
2d.
7il.
TMsirerk
Wheat
qrs. 1,38.^,000
Flour, equal to
(jra.
Maize
uis.
t
(
I
»
Enffllsli
28?.
293.
388. 1(1.
37e. lid.
Lntlwcel;.
1,493,000
3'.
31s.
3J.
3.1.
32.-'.
flour
1888.
2,090,000
180.000
358.000
180,000
402,000
4.1U6,161
8(1.
245.000
203.000
and
IS.TBO
.March
April
.May
10.17-.!
w.m'i
9,178
:o,oou
10,S47
K.sat
9,789
17.'i2.'
lS.hO«j
8,74-1
a5,77;).
15,037
13,891
Juoo
lav
I'.aas
19,000
1I,T.!3
8,8B7
aj,7&8
18,0l:-
11.816
10.8><9
1.M81
81.8 Jd
IU.4''8
A UXQSt
Hupteiuber
20,8-20
ll.KBsl
1,896
8.160
8l.-l-l'
8l.lt 18
10.1133
«,08il
S4,«33
W.VM
10.8(W'
8,45ll
3I.M8
8,«15
2,18
3«,3BS
i'*,a;7
30.1X)|
18,flWl
1,|(S3
81.0:4
I7,«;ii
*.<
17.779
months
Total
9,400
170.1- 14 I(l2.a3-i
Hon.
Tues.
Wed.
Thur:
42=s
960a
42 -is
42=8
42U,„
Sat.
42(i^
d.
263,000
Fri,
4211
96«,«
9611,6 97I1,
CJonsolfl.new 2!Hperct8. 961-Hf
961.
9616, J 9615,„ 971,
9613,
9G-f,
975,,
for account
do
FVoh rentes (in Paris) fr. 86-42's 86-47 "a 86 80 87-0712 87-2213 87-35
108
130
7078
Canadian Pacillc
Chic. Mil. & St. l'aul..i. 73
30%
Erie common stock
12038
Illinois Central
53 13
Pennsylvania
Philadelphia & Reading. 23%
112
New Yoric Central
U. 8. 4iasof 1891
U.S. 4s of 1907
C!1^0mmev]:ial auA
108
130
71=8
108
108
108
108
129%
129%
129%
120%
71>8
72 »8
72^8
74%
74%
72 1«
7334
3016
7434
3014
I2014
75
3038
12014
5513
120
24
3038
12011
55:1s
55ifl
5?. 34
23%
2359
IIOI9
110%
110%
SO
120
555a
23%
23 14
llOU
W^iscsUmntous ^zxc b
OrdU
Banks have
4,125—The Union Nntlounl Bank
Capital, $100,-
of Muskopton, Jtich.
.Mathrw Wilson, Pi-eside. it; Ilnsth Park. Ca^hiei-.
4,120—The Duningo National llank, Colorado. Capital, i? >(',OJ0. Fred000.
erick 1^. Kimliall P.cHident; B -X. Freeiuau, Cishic.r.
4.127— The Ceutial National Bank of Dallas. Tex. Capital, $230,000.
M
E.
Maini>.
Pl•e^'ident
4,128—The Portland National Bank.
;
LonRcope, Cashier.
Bank
of
Fred
Capital, .•f3O0,00J.
Claries G. Allen.
E. hichai'd.^, rrcfsideiif;
First N.itinnal
Harvard,
Caslii(!r.
Capital, $50,000.
N(;b.
F. Elier, Cashier.
Matters, President; Jesse
Nationnl Malik o( Vernon, Texan. Capital, $50,000.
.1. V. Green. Cas'aier.
4,131—The Austin National Bank. Minn. Capital, $50,000. Charles
H. Da^ idaon. President Henry Birkctt, Ca'^hicr.
Thoiua.s
It.
."tate
M.
Pen-
In-
Prenv- Total.
sions. terest. 'um$.\
nary.
~7~
~~»~
*
IS, 133
8,185
11.331
20,915
March..
12,1(87
1,473
:,(io8l
April.
13,588
410
6,578!
11, 047
am
—
nih
I0,U38
879
1,71(;{
...
I8,-a77
15.248
8,175;
13,673
20,811
Auk
PiecM.
Value.
Pieces.
Talite.
S
77..500
67.000
Three dollars
Quarter eagles
Dollars
Total gold
Standard dollars
Half dollar*
Quarter dollars
Dimes
Total silver
8,154. 81,809
il.i'S tl*4JtfO
9/.S78
S
0,0-0
670,000
"7
'21
'io/.o6
'I'o'Vo'o
135,007
2,230,521
2,860,009
579,098 11.581.930
377,033; 3,770,350
l.S.'
26
62
17.626
11,325
130
186
44.0f5
—
in
l,500,6'o'6
150,090|
4,360,003
3010,000
2,775,011
115
277,501
60,900
8,49R,560
2.760
421 828
35,418,5ciO
351,185
43,917,880
779,096
89,100
8,553,007
5,329,621
(•3
72,930,416 41,716.418
—
18,880
9,616
14,5J4
3^,8«0
in.ftso
11,391
^
11.195
<l.7»l
|iil.'8!i
1(1,10
87,-i
Amount outstanding October
7,890
8,779]
545
13,517
(
412] 84,811
8.446' 27,457
8,590. 1.41:
5,079
10,643
86,141
84,118
1V.90*
5-<.6«7 .34.193 11.9:8
iMAO*
157
439
l<91
l,son
2,73!l|
1,
1889..
*
2,137,929
1889*
Amount depoHited during S ptoiuber
Amount reissued & b'nk notes reiir'd In
Amount on deposit
.*205,6 12,499
$673,055
2,810,fc81
Legal Tend-er Xotes—
.iniount on deposit to redeem national
notes Septe.iibcr I, 1889
$203,504,570
banb
$73,541,371
$1,537,790
2,799,763
Sept.
1,261,973
redeem national bank
1,1889
to
Circulation of national g j!d banks, not
il.72,279,398
moluded above. $138,162.
According to the above, the amount of legal tenders on
1 with the Treasurer of the United
States to
redeem n.itional bank notes was $73,379,378. The portion of
this dtjposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks reducing or retiring their circulation, w^as as foUowd'oa the first
of each of the last si.'c months
deposit Oct.
Depotilt
by—
Jiiie
July.
I.
August
1.
Sept.
1.
Oct.
1.
1.
S
$
871.715
932 411
6.20J,332
6,325,178
897.917
6,2J8,893
6.166.071
Kcd'c'g undr
act of '74.* 74,236,329 71.«35,151
6',8 73,576
6-i. 341.550
65,211,612
Insolv't bks.
963.492
[.I(|(iid'gbk8.
6,3ol,75i
81,5«6,572'78.970.924
Total
•
Act of June 20, 1871, ani July
BO-VDS
1
913,696
2,279,398
76,11J.45()73.541,S7:
A 1832
Held by National Banks. —The
following Interest-
ing statoment, furnished by the Comptroller of the Currency,
shows the amount of each class of bonda held against national
bank circulation and to secure public moneys in national bank
gave the statement for
d^jpositaries on October 1.
September 1 in Cukonicle of September 7. page 270, and by
referring to that the changes macle during the month can be
We
17.
Currency 68
28,027,394 25,629.306
28,200
4,038,000
21,887
19,888
3,32l' 8.5'jO;
18,0J1
21,449,
^/ational Bank Notex—
Amount outstanding Septeinlier 1,
Amount Issued during .Scptcml>i-r
Amount relii-od during Boiiteuibor
230
1,218,000
Ttoal colnace
4-:4
1 1,325
2.826,606
Total minor
8,-'31
9,803
Oct. 1. The Comptroller of the Currency has furniahed
U9 the following, showing the amounts of national bank notes
September 1, together with the amounts outstanding October
1, and the increase or decrease during the month;
also the
changes in legal tenders held for the redemption of bank
notes up to October 1:
25,251,460 25,251,460
AHH
460
836
9,491
Legal Tenders and National Bank Notrp to
Description of Bonds.
1
»
18.810
33.7,S7
9,696
13.557
*unu.
I
I
823 l:t.750
41,9m8
20
47
1.5-31 2
035,172 13,403.016
2,860,000
*
3,566
1I,U>1
8,006
3,738
81!!
JnI
2H,55i;
16,973'
IS.mi 30.l44!ll.n0O
1«).S7(»
Changes
I
One cent
88,'l»l
I
801
18.400
Sept....
Nine Munl/is of 1839.
r.
Dejiomination.
Double eagles
88.854
tlonn. terett.
~*~
1,SS8| ii.tii
aob\
11,4 !«
...
July
;
United States Mints. The following statement, kindly furnished us by the Director of the Mint, shows
the coinage at the Mints of the United States during the month
of Septtniber and the r.ine months of 1869.
b-?
em
June
Kiiins, Picsideut;
Se2il
3.186
3,-M3
9.583|
Pm-
Ordinary.
~»"~
Jan
Feb
notes O. toiler
—
Nation.\l B.\nks. The following National
recently been organized:
Manricc E. l^rcke,
80.773
3I,IM
8,187
9,110
81.116J
22.4111 8V5.B-«' 1(17.0«)
3,0Be
8,881
Di9iiUBSE.iiK.vrs (OJOa omitted).
Financial markcls— Per Cable.
London.
I
10,471
May....
18S7.
1,703,500
149. 5(0
Tl«; daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending Oc;t. 4:
Bllver, per oz
t
S0,71«
9 mo".
Coinage
*
MUct, JataL
InUr'l
Rev^lu Sourest
January
February
18SB.
2,476,577
833.453
8-1,134
1887.
2.823,370
753,383
1.821,333
The following shows the quantities of wheat,
maize afloat to the United Kingdom:
C.
Out.
tonu.
lotat.
1888.
1MR9.
2,727,525
4,727,748
Total.
Aver, price wheat... .week. 30s.
season. 3O3.
Aver, price wheat
4,130— Tlie
ViMit
iZev'iM Sourest
1):
Imports of TTho.it.cwt.
Imports of Hoar
4,129— Tlie
Inttr'l
tonu.
IMJPOBTg.
owt.
BBCKirra (000a omitted).
»-16
The folli)wing shews rhe imports of cereal produce into the
United Kin;;(lom durhig the first two weeks of the season
compared with previous seasons
Wheat
ment receipts and disbursements for the moatb of September.
Fiom previous return-i w^ obtain the Biuret for previoai
months, and in that manner complrftri the stttemeat since the
beginning of the calendar years 1989 and 18U8:
d.
6pan.doubhiun8.uz.
B Am.duubloon3.uz.
425
Government Revenue and Expenditures. Through the
courtesy of the Secretary of the Treasury, we are enabled
to place before our readers to-day the details of Govern-
per cents
Total
8.
Bonds Held
l8-<9
Oi-t. 1,
Bank
to
Secure—
Public Deposits
in Banks.
Circulation.
*1,403.000
10,607,5 )0
32.492,500
$4.369.(W0
$5,7 72,000
41,209. 130
101, 114.1)50
51.816,650
133,936,550
il>44
503.0(X1
« 14 '.0 22
200
Total
BOd.
«191,.525,20O
IapoRT.s and Export.? fob the Week.— The imports of last
week, comnarwl with those of the preceding week, show a decrease in drv goods and an increase in general merchandise.
The total imports were Ji.Oia.ie-J against $8,697,419, the
preceding week and §8.475,728 two weeks previous. The
week ended October 1 amounted to
exports for
the
$17,327,175
against
$7,322,233,
last
week
and
16,177,320
CHRONICLR
'IHE
426
The following are the iinpoi-ts at
two weeks previous.
New York for Uie week ending (for dry goods) September
26, and for the week eudine (for general inercliandise)
September 27; also, totals since the beginning of the first week
January.
iu
FOREION IMPOSTS AT
NEW
(|uutation8 iu Boston, Philadelphia and Hulliiuore.
Following are quotations of active stocks and boudi. A ful'
lint is given in the Chbonicle the third Saturday >f each month.
SECURITIES.
TORK.
SECCRITIES.
Ask
Bid.
BOSTON.
For Week.
1889.
1888.
1887.
1886.
Dry Goods
$2,401,110
6,605.720
$2,179,420
6,969,592
Gton'l mer'dlBe.
1.
$2,79J.101
$2,008,793
6,702.9.<7
5.933,3ti!t
$8.435,'01
$9,009,830
$9,119,012
Total
Smee Jan.
Drr Goods
I
$7,912,162
I
I
$91,037, 932, «96,22\258 $100.5r&,909 $103,?13,'25
236.975,4871 258,007,659 251.662.221 272.863,760
a«n'l mar'dlse.
HnnMngton
RA LUG A 1) STOCKS,
1
Prefened
t
AU-titKoil d^ Toi>ekii
-i-
Bontou
BoHton
H'Wton
3o6ton
& Albany
30^^
I
I
A:
Maine
it
I'roviUence
Jaliloruia
'
Soutbem
Chic. Burl. &. N.irtli'n
Chic.
West. Mich
&
Cleveland
The following is a statement of the exports (exclasive of
•pecie) from the jiort of New York to foreign ports for the
week ending October 1 and from January 1 to dale:
EXPORTS FROM NEW YORK FOR TUB WEEK.
Concotd
25
For the week,...
Pkv.
reported..
1887.
$6,576,980
230,081,317
1889.
188S.
$6,411,471
225,22^,238
$7,'96.743
212 040.242
$7,327,175
2ai,792.6()«
weeM 236,661,297 $231,633,709 $219.2:<0.985 $259,119,841
The following table shows the exports and imports ot specie
at the port of New York for tlie week ending Sept. 28 and
stece January 1, 1889, and for the corresponding periods iu
1888 and 1887:
EXPORTS AS1> IMPORTS OP SPECIE AT NEW TORK.
Jmportt.
Exporl*.
<t
107
'27
K. C. Memph. & Birm ...
Louisville Evans. & St. L
Preferred
Maine Central
Uauch, stcr«& Lawrence
Mexican Central
N. Y.
Northern
Norwich & Worcester
Oi^deusb.
&
Week.
Uerm tnr..
West ludie
lies.
Hexieo
3,780
"7,820
BoiitL America.
27^
60
$3S0,634
1,461,804
1,849,352
1.370
284,-!-iiJ
92
76,200
6.157
17.230
51.013
120,006
664,52 J
2,0
e,*.
$11,600 $46,480,334'
$24,757
1.500 l!j.895,083'
45,754
44.r.64|
6,388,395 1,015,324
.
.
.
aUver.
^ineeJan.\
ereat Britain.
France
5,32 7,916
2S573,347
ImporU.
Exporit.
Week.
$4,817,590
Week.
Since Jaii.l.
*1 ,308,.533
$87,698
598
973
i;9.3oO
Oenoany
Indies...
250
Mexico. ,
Boath America.
3,500
other countries.
1.075
138,331
159,657
190,602
87
11281*
26,331
51 508
42.429
778,lb2
itch, it Topcka— 1st, 7s..
Collai. Trust, 5s
Plain, 5e
$450,102 tl4,977,498
342,769
9,645.559
323,100
8,573,612
$26,418, $1,074,' 02
31,858
1,347,893
6,981
l,5t8,2«3
Of the above imports for the week in 1889 $9,470 were
American gold coin and $818 American silver coin. Of the
exports during the same time $11,600 were American gold
coin and $250 were American silv<r coin.
I nited States Siiib-Treasiiry. -The following table shows
the receipts and payments at the Sub-Treasury in this citv,
as
well as the balances in the same, for each dav of the week".
Faymenlt.
2,542,535
30
3„396,>'62
Oct.
8,718.681
3,6 8,0 3
4.160,921
3.5i6,975
1
*•
2
••
3
"
4
Total
.
Cert's.
Currency.
$
8ept 28
•'
Coin
Coin.
3,193,918,155.587.389! 25,443,181
4.0 1.119 l.=.5,5"l,9"7l 2.'i,857,!'67
3.746,-4(i 155,i;02.343
4.616. lOr 155, '55.^522
1!6.159,8.'..T
25,U2,40t. 11, "1^2,963
26,187,703 11,215.197
4,085,116 155,695,02ej 25,971,572! l",8o6.912
.
Anction Sales.— The foUowin were recently sold at auction
by Messrs. Adrian H. Muller & Son:
Mores.
.50
Peansylvaiilii Coal Co...315>9
250 ConBori'nCoalCo.ofMd 253e
8 American Tel. Cubic Co.. 83
6 Am.UlucosCo.ofBuffitlo 41i8
.0 liroadway Niit'l Bank.. .300
12 Il.inov.r N..t'l Bank ... 309>s
1 N.Y.Lif«lDS.<SiTrn«tCo.70J
42
Utictt
Chenango i
Susii
Valley KR. Co.. giiar...l29
6 Gardiner's AuxilliiyFiro
Alarm C.
$i3persh.
SO Imp "Iters' iTraders' National
Bank
54514
30 Farrnjfiit Fire lus. Co...l05i«
25 Standard Oil Trust
173
giuklufl
atitl
2d series
104
'918
5s,
I
3
'Pean. AN.Y.Can.-5«.'39
91>, {Pblla. A Kris—con. 58...
Trust, 69
Burl.A Mo. R. In Keb.
General mortg. 48
119<4 Philadel. A Read.-lht, Os
Exempt, 6s
Non exempt. 6s
2d. 78, C. A R., 1893....
107's
Land grant, 78
Cons., 7s, com)., 1911...
'96'"
OaliforuiaSuuth.— 1st, 88. J 93
Cons., Os, g., I.R.C.1911
35
Income, 6s
Imp., 6s, g., coup., 1897.
Consol. of Verjaent— 58..J 87*3
Cons. 5s., 1st ser., 192*2.
Eastern, Mass.— Cs, ne>T.. l'^7
DefeiTed incomes, coup
K. C. Ft. Scott A Meni.Cs 1 15
116
Phll.W. A Balt,-Tr. c, 48
K. C. Ft. Scott & GU.— 78
Pitts. Cin. A St. L.— 78,cp.
Kans. City Law.A 80.— Ss 101
Schuyl. R. E. S.— Ist, 68..
K.C. Meiuph. A Birm— 5s 100
I'o'ov Steuben. A Ind.lsl m. 68.
lian. Cit. Kt.Jo.AC. B.— 78
United N. J.— G. 6», 1908
K. CitySp'dAMonip.— 68
WaiTen A Frank.— Ist, 78
K. City Clin. &. 8pi'd.-58
West Jersey— l8l M..78.
"39'
I
...
102<..,
113
113
100
11513
112
136
119
'
11.
Ft.
ICO
-
ib'i'H ioi»".
14
lOlN
1181,
106
107
109>4 109^
119
123
W. Jersey A Atl.— Ist, 6s ins 106
West Penn.— 68. 1893 .... 1041.J
IW
&
Sm.— 7s...
LouiBV. Bv.AStL.— l8t, 6a
Little
109'.j
2d mort., 2.68
PlttsbniE I!r..fi8
Mar. H. A Out.— 1925, 68. 108'<
BALTI.YIOKE.
aOG
1923, 8b
RAILROAD STOCKS t
J
MeilcanCen—48., 1911.. OO"*' 6k'\ Baltimore A Ohio
Ist con. iuc.,38, 193
31
Hi's
1st pref
2dcou. loc, 3s, l;i39 ..I 17
19
2d pref
S. Y. A N. Eng.-lst, 7s. ViHVt
Central Ohio
1st mort., 63 ...
Preferred
117'e
,.
2d moit,, 6s
lllO
Charl. Col A Augusta
Ogdens. & L.
Cons., 68 lOS^i 104
Western Maryland
108
1
87 41 90
125
116
60
•
I
105
47
I
I
lOO
Rutland-oB
Southern Kansas— 5s
Texas Division— 58
Incomes
Wlscon. Cent.— Ist M., bs
95
1
j
I
|
'
78
1
»3»4
CapeFearA
-
Wash.
105
>a
101^
A
50
7.>
Wil.
I
1
.
I
I
bQ\
|
Per share.
...
101
!
A Aug.— Isr. 78 llCv
Bait.— lata.' ind
2d 53...
62
3d <!<
27
iBt Inc., 5a, 1931
10
Seab'oARon'»e— 58,1926 105
West Mil., 3d guar., 6s.. {lieK,
Cin.
I
I
.
^aa.--l8l,6e
Cent Ohlo-68, 1890
44>«
Atlantic, pref. S 40
East Penusvlvania
Klmira A Wlllhunsport.
I
'
Char. Col.
BAILKOAD STOCKS!
11
I
RAILROAIi Biiwn"
LAtlan'aA Char.— Ist, 7s.
121
Income, 6s
{10.5ia 107
Bait. A Ohio- 48. 1936 ..I 99 •»
86
54*.,*
'
PRIL\DELPniA.
Bell'sOap
1
7(1
I
Income, 6s
Camden A
I
1
C—
Col.AAug. 68.1910.
118^4
Last price this week.
{
GAS COMPANIES.
G.4S
BrooklyuG 8-Li"ht
li.S
11.8
Citizens' Gas- Light
Bonds, 53
Consolidated Gas
Jersey City A Hobokeu
.Metroptdi tan —Bonds
.
Mutual (N. V.)
Bonds, 68
Nassau (Brookl^'n)
Scrip
New York
Shores.
Co
67
100
88 't
170
110
102
100
112
lOO
110
70
103
89
COMPANIES.
People's (Brooklyn^
1
|
Williamsburg
1
Bonds,
1
(is
iMeiropolitao Bi'ooklyn)
1
1
.
;
.
Miiniiripal- Bonds, 78.
120
104
102
Fulton Municipal
Bonds. Gs
Equitable
Bonds, 6a
i\
118
108
90
1V!6
100
120
loa
76
122
112
1127
1103
il23
110
iu2
Stock Exehansre -Unlisted Secnrities.
16
N
J.
Zinc
& Iron Co
Bid.
Ask.
SECURITIES.
Bid.
Am. Bank Note Co
42
4D
21
Am.l'igl on Htor'go war.
Aui CiUll* Trust
17
Max. Nat.Coustmct'nCo.
!Michlg»n A Ohio
..
,Mt. Des.4 East Sh. Ld.Co.
10710
35 KnickeibockerloeCo ...lOJ
25 Am. Loan & Trust Co ..U7
20 Commouwealih Ins. Co. 96
$1,000 Jersey City
ed U.;bt, 1909
$3,'WJ Jersey City
8BCUBITIE8.
CO
On.
Fund-
6b,
U8&iiit.
1910.
""'
$3,000 T,)led> Water Work?
88,1893
lll^&iut.
$.1,000 Ohio Ind. & West. RR.
Co. IstM., Aco. lut Cjrt... 07"4
f^tttaiiclal.
Ohio. A Atl.-Beiicllclary.
Clnciunatl A Spiiugf
Coiitnental C .11. -» Imn..
Di fliers' ACafle F. Tr.
i>ul. c>. shore A At.— stk.
Pref
iMtSft
No». 10 and 18 Broad Street,
ALBANY, N. v.- SAKATOGA. N. Y:
Kkiiawiia
New York CHy.
IMtOVlDKVCK H
... .....
A
6
(;KM<:K.VI, B.VNKINCi B|I!«i'VESN.
All tlatwos of Sccuritlen JioUKht :inil .Sold on Comuiissiou
Stieci il
atleutioii Klven to Investment Securities. l.)iit!ct wire
lo rach o'llkf
and to I'hUttdelphla, Boston and ClUcago.
.
41
71,
mort
43
8
T2
15
In
18
2
%
26
20
.2"^
20
33
37
7
N. Pac. P. d'Oreille Div.
Mis ouri jivie 0:1
INorr.h Riv.fviun ('.(.scrip.
p.I.AW.— Ist ace.iut.cert.
'2d arc. int. cert..
1
...
43
102
102
61
35
^
66
46
21
Oceun SS. Co. 1st, guar 102 104
13
[PauStk.OlM .« AT.(MU<5
6<4
Postal Telegr.ph— Cable. 31
113^b 114
37
81^1 8t. Louis
811 Hj
chicagt*
4
Z9\ 30 'a
Pref
?6
2
ISf. Paul K.A<ir.Tr..l8t6» wi''^ 105
...
Ohio
1
lit pref...
I-
7
m.
1
1
A
«,
Incoine5s
BANKEKS.
N. J. Southern
N. 0. Pac. La d Grant...
A Miss Val....
N. V. V.-.S.A Buff
.s
Y. A Oreen'd Lake, Ist
ifl
24
87",
17
Newp. N.
,
Consul. 5s
Co.,
Newb. Dutch. A Conn
1
A Ik.
.
.
IZ
16
Atch. A Pike's P'k. 1st Ss 100
.
.\tl. A Char. Air Line
87
9
Ist. 7s, 1907
Il9>i 121
Brooklvo KiMT'd— stock.. 35
40
Brunswick Co
2H'» 27 11
CaliforuU Paciflc
IU
Ist mo't., 4198
108
1:2
101 1.J
2d mart., gnar
9x)rgia P»o.— Stock
.4
112>s
58, '18
18 Knickeibocker Fire Iq^.
Spevcer Tkask &
TKAIVSACT
Perkiomen— Istse.
N. Y. and Brooklyn Gas Secarities- •Brokers' Quotations,
$
12,498.897
1 .435,267
11. 07-1, S5 <
2,>iH8,3ti2 155.668.751'
20,934,007] 22,591,446
'
. .
4^8, Tiust Loan
!
"eo'
Mortgage, 5s
Prefened
Balances
Seeeipi:
J>aU.
410
70
109
I
Total 1889..
Total 1888.
Total 1887..
I
I
102
137
138 >a 139"'
119
130
110
60
62
131
124
I
BONDS,
Since Jan.l
5,V73
4,240.970
30,300
other oouDtrles.
Total 1889
Total 1888
Total 1887
Week.
Since Jan.X.
«1 2,351, 9r4
27,71'<.805
Cons. 68, C. A R., 1923..
177>» INorth Peun.— l8t M., 78.
General mort. 7^ 1903.
In.Y. Phil. ANorl -l8t,68
Inco.ue, 6s
Penn.— Gen.Gs, coup. 1910
Cons. 63, coup., 1905
Cons., 5s, coiiiK, 1919...
.....
Ports... il25
6
Branch
VoMiiont & Mass.
Suuiinit
118
«
mm
2d, 78, reg.,
..
.
A
122
132
I
134
{160
111
Jefl'.-lst, 6a.
B. T.— l8t,7B.. {lot
2d mortg., 7s
113
Consol. M.,»8
101
ILeh.V.— 1st, Os,C.A R.,'98 118
13»8
liU
Lake Cham..
Oul Colony
Portland Saco
A
Clearlleld
Huni'nA
15^
A New Eug., pref
114
36>9
lis
35
76-3 Connerting- 6s
|Del.&Bd.B.-lst,78, 1905.
"ii' lEaston A Amhoy.— M. .58.
35
Eliuira A Wllm.-lst, 6e..
124131
Harris. 1>. M't J.AL.— 48.
73
60
i
48»4
Chartiers-lst mort.. 7a..
93
92'i
Mem.
66
41
Cam. A Amh — M. «s,'89.. i'd2«,
Catawissa— M. 78, 1900... 121
>32
68
Preferred
Oreat Britain.
France
Ul
Prefencd
29
227
Allegh. V'al.-7 ;i-10.s,'96.
Inc. 7s, end. c nii.,'94..
BeilsGap— Ist M., 7«. ..
20a
Wisconsin Central
Gold.
West
Passump..' 112
Eastern
Preferred
Fiichburg, pref
Flint A Pero Marquette
Kan. C. Ft. Scott
Total 39
4'1
&
C-.nuectlcut River
64'%
RAILROAD BONDS.
I
Connecticut
71
87
iNorib Pennsylvania
jPennsvlvania
Phil. A ISne
Sunhnry A I^wtsion
United fo's of N.J
jWest Jersey
iWe.Ht tersey A >tlanUn..
6
{
PrelfciTtd.
70
72
63
73
62',
|Xortlii'rn Central
23
41
{
47'.
63 »B
63 >j
Vesqnehoning Valley
'
Canton
<t
215
\\\
...j
20 1,
Broad Top i..
217', Little Schuylliilt
167
Minehill A .s. Haven
l4
J
Central ot Massachusetts
Preferred
A
Leldiih Vallev
217
IHO
212
267
'
Ji I.iiwrir
Total 39 w-wkx $328.013, awl$354,227.917 $352,211.130 $376.677,^85
1886.
XUX
fVou
K'Ply .Motor
Lehigh A Wilkes Coal...
6
3^
2«
Rock A Ft. Smith..
.
*.Ai; -C. A I.D1T.,<18 io.<
Loulsv. St. Lonis A Tex.. •2!IV
tleriphisA Cha'st. consoU 117
i
6''^
1
3(1
Little
-ctoto Val. Isl, 7H.Tr. rec. 113
2d, 7s. Trust receipts... 85
iToiedo Peoria A W»sl... 13 >i
lUtah Central.— lat Cs
100
Wabash— New
L. -V.
3'd'<
New
I'West.
58
...
N. Car.— Co.1.68
...
'2d,
1
t,
80
58
97
14
l«
80^
October
THE CHEONICLEL
5, i»fc9.j
Tlu
and
Uanlijers' ^incttz.
Same of Company,
(jeorKla RU. A- Iik«. Co. (quar.)
LoiiK Island (quar.)
When
Payable.
1%
1
2%
1
1%
L.
& Han
1 Sept.
15'
21
15 Oct.
Nov.
1
Fran., pref. (quar.)..
St. Paul Minn. & Man. (quar.)
Sioux City & PaciUc, pref
Vermont & Mass
BaiikN.
N. Y. Produce Kxehanse
)
Oct.
1
16
ao
to Nov,
to Oct.
1
2 to Oct. 14
11 to Nov. 1
1
Oct.
O^t.
6 to Oct. 15
to Nov. 1
24
Oct.
Oct.
3
Amsterdam
luKuranoe.
ID Oct.
9 to Oct.
15
Oct.
10 Oct.
3 to Oct.
9
WALL
!>iTKEET, FHIIIAY. Oct. 4. ISSM.-.J P. U.
The Money Market and Financial Situation. —The
)iigh rates for call loans on stock collaterals in the earlv part
of this week had the effect of checking any great activity iu
business. The stringency in money reached its height on
Monday, when the quotation was up to 30 per cent for a while,
and since tlien it has ranged between the minimum of 3 and
the maximum of 18 [jer cent per annum. The effect of this
was increased by an unexpected export of gold, of which
there has been shipped by August Belmont & Co. $1,5(X),000
on a special order from London. The high rates for money
to carry stocks are not only bad for the immediate present,
but they have a worse effect in spreading among operators
the apprehension of possible difficulties which may never
occur. The average operator could easily pay 6, 10 or even
20 per cent per annum for a few days on the money required
to carry his stocks, if that was the end of the matter, and he
was reasonably sure afterward of making a fair profit on his
holdings. The interest on $10,000 (say 100 shares of stock at
par) for one week at 20 per cent is only about $38, which would
be covered by an advance of
of 1 per cent in the price of
the stock.
Next to the money que.stion, and in some respects more important, was the new break in Atchison. Since the turn of
the year it has been accepted as a foregone conclusion by
many of the closest observers that Atchison would liave to
undergo a reorganization, and now it is reported from Boston
that a plan will be submitted to-morrow (Saturday) by the
committee having the matter in charge.
Another weakening influence in the market was the dechne
in two of the leading "Trust" specialties—Cotton Oil and
Sugar Trust. When tliese Trust stocks get started downward
under free selling, accompanied by all sorts of rumors, it is
very difficult to check them, as they have no such support as
that which is usually given to any well known r,<ilroad stock,
and they are less available a^ collateral on which to borrojv in
periods of tight money.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 3 to 30 per cent,
and to-day the rates were 4 * 12 per cent. Prime commercial
paper is quoted at 51^' a 6;^ per cent.
The Bank ot England weekly statement on Thursday showed
a loss in specie of .€914,000, and the percentage of reserve to
liabilities wa-s 33-30, against 43-15 last week; the discoimt rate
remains unchanged at r, per cent. The Bank of France lost
2,175,000 francs in gold and 375,000 francs in silver.
The New York CI aring House hanks in their statement of
September 28 showed a decrease in surplus reserve of §1,043,650, the total surplus being §935,750 against $1,979,400 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing Hou.se banks
%
:
1889.
ijf'
fr'm\
<*erk
r^nc'i*
I'rtv
1
$
Capital
$
60.7t>-J,»;00;
Surplus
Loans and
I
,54.'i25.100
dlsc'ts
Specie
Circulation
Net deposits
Legal tenders
Legal reserve
Beserve held
Surplus reserve
.
!
I
'
1888.
Ski.i. -29.
1887.
Oct. 1.
*
(10,762,700
49,-<lS.200
409.311. 700 Dec. 29(1,000 .i9().7o7.300 344.795.400
69.574.000 De. .1,4-24.(KI(, sri.a2(!.4'JO 7S.l-;4 8:KJ
3.948,100 Ine
14,2<^)|
8,-jOJ.lOO
6.839,000
417.-^24,200 Dec.2,844,20ol408, 714.900 345,826.000
35,692,S0O.Dec. -330,700 31,609.500 20,321.800
'104,331.0.50. Dec. 711,05oIl02,l78,725t 86,456.500
105.266.-'00!Dec.l,754,7OO,ll6,93o,P00i 05,473,000
935,750|Dec.l,013,6.")0'
14,757,175
9,017,100
Exchanst!.— The market for sterling exchange has been
duU, weak and somewliat irregular, and rates have been
unsettled from a variety of causes. In the first place the vei-y
high rates for money hive occasioned weakness in the exchange market, and thi- increase in the offerings of com niercotton), together wit'i somj p.-essure to sell
tenkera' bills, have also helped the decline. In posted rates
there was first a decline of i^c. in long sterling and then a
further decline of %c. in both long and short, the figui-es today bemg 4 83 £64 83J^ and 4 88. An export of $1,500,000 gold
came as a surprise to the Street, especially with rates so weak.
cial (especially
id.
4 88
I
Paris (francs)
Oct.
Dema
Kily Dayt
Oetoher 4.
Prime bankers' sterling bills on London. 4 S3 Hi. 83<s'
Prime commercial
4 HOHct* 81
Documentary commercial
4 80>««4 81
Ift
2i''R95 21^'h 19%i»5 I8>8
40 aiO'ig
403,g'94<j>4
94'^a94'a
95'e»95'4
United States UonUs.—On very small transactions at the
Stoc-k Exchange prices show an advance of
in the quotations for 4s and 4'.^s.
The offerings of bonds to the Treasury
have been much smaller than last week, and the t<jtal acceptances for the week are only $1,074,600, the price paid for
the 4s being now 127, interest off.
The statement for this weik 1$ a? folio a'j;
(guilders)
Frankfort or
North River
have been made
on actual business were as follows, viz.
60 days' sterling, 4 82V-, demand, 4 87 '4. Cableu
4 88l',i. Commercial bills were 4 81)^. Continental bijl.t were:
FVancs, 5 2i}4'rf5 'if\^-^ and 5 ISJi iTt 17'^: reichin^irks, Qiji-a
94!, and ^m-amXi; guilders, 40 <«40i^ and 40 3- 16.^40 W.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
^4 discount, selling V^ discount (3 par; Charleston, buying
i^-S 3-1(1 discount, selling par;
New Orleans, commercial,
25(t$l 50 di.-tcouut; batik, par; St. Louis, par: Chicago,
iil
250 40c, discoimt.
The rates of leadiaa; banker.^ are as foUow.-i:
20
Nov.
312
'ayn inctuHtve
1
Oct.
Oct.
Oct.
3
Books Closed
(
1
1 Oct.
Oct.
Oct.
Oct.
Oct.
3
Northern (quar.)..
PittsbiirK Wheeling & Kentucky,
flt.
Oct.
Oct.
Nov.
|
New London
been aunoiiuccd
Per
Berkshire Ciimr.)
Boston it Providence (qtiur.)
C'eutrul RK. of New Jersey (qiiar.)
Cin. Haul. »t Uay'on, pref. (qiiar.)
Euroiieaii A; North Aiuerlcaii
Freehold & James. Aki'I
luiut
Bankers'
Cent
Rallruadii.
was evident that the shipment
it
at a small Ions.
To-day the rates
DIVIDENDBi
Tlie following dividends liave recently
427
Bremen
I
I
(relclimar kg)
>
I
%
4H Per
4u«
(lea/*
1891.
I
t
frlcM paid.
Offermgn. f-arcn'M
Pt^ Oenu
(HATIrx/
!»*< iwl.
PrieuvaU.-
*'*re* .J,
|
JHturdar
10.000
103*(
7.800
105«
...
tI".0(X)|
PueBday
Wedn'aday.
408,300,
40-',300
20.000
Thursday...
rrlday
836,5lK)
20,000
236.600
Monday
7,800
Total.
The
.
..
is.eoo
74,500
7»S.-iOO
7.r.lOO
$io«.aoo
;
1055<
105X-I01>«
81,900
317,W
X«,!»0
2».noo
105JJ
105X
48S.S0O
28,aw
,
l05Si-1055<
1
tl02,501
28.«sa
10.85}
18,600
115.00)
42,810
1
191.iS00
US
128
xl»
ir.
X«7
127
xiiT-tas
closing prices at the N. Y. Board have been as follows
'
j
IttteresU S-nt.
Ptrio<ls\ 28.
Sent.
Oe'.
0-1.
30
1.
3.
:
Oei
4.
1050e lOjaj-lO %*105%"105% 1 5%
..coup y.-Mcb. 10 -.Sr 105:% -KiS^ '105% »105% 1(5%
12678*1-27
reg- (J.-.Tan
127 J4 127
.27
127
cou(].(j.-,la.ii
4s, 1907
|xl27M' 127 -127
127
'l-277e *128
*118 *118
11=1
•118
(is, CHr'cv.'95
re.g. J & J. 118
118
1891
4'^.'. 1891.
48,1907..
4Jsa,
6s,
68,
68,
69,
'
car'cy,'96
eur'cv.'97
,"98
cur'
cur" jy, '9}
".J
This
Is
reg. (D.-Mcli.
.
reg. J.
reg.'J.
reg. J
reg. J.
bM
the price
&
&
.
&
J. 'l-.iO
J. 123
J. '126
'l-JO
*l-23
'1-20
,*l-23
n-ae *126
J
129 *li9 1*129
at tne morning board no
;
•120
120
"123
123
*126
126
•129
12:>
<ate was made.
1'20
123
126
State and Itailroail Bonds.— Dealings in State bonds continue on a very mcKlerate scale, and there is no feature to
report in regard to them. Sales this week comprise Tennessee
settlement 3s at 73V^-74 do. 6s at lOeig Alabama, Class A, at
Georgi,! 7s, gold, at 103-!^, and North Carolina consol.
103- Js
;
;
;
4s at 96.
Railroad bonds have been dul', and the market has not pr(»sented any features of special importance. Prices of certain
classes of bonds have sympathized to some extent with sttxsks,
so that the market as a whole has been irregular.
Kailroad and .Hiseellaneons Stnckg. The stock market has
been unsettled and irregular, most of the business being, as
usual of late, confined to a few leading stocks. Tlie money
question lui-s this week been the most imjK>rtant influence, but
notwithstiindtng the stringency, and the efforts of the bears to
make as much of it as possible, the market generally has held
up prettv well, and there are no signs of any general weakening
of confidence on this account. The on'y conspicuous weakness
has been in a few st<x;ks, though there was a general, yet
modertite, easing in values on Thursday and this morning,
when the break in Atclii.son and the Ti-ust stocks had some
influence on the general market.
Atchison has pretty steadily declined from 351^ at the opening on last Saturday, tiie 28th idt., to 395^ to-day, the lowest
price made, and closing at 30J!^. This has been occasioned by
very free selling, stimulated by rumors of an assessment on the
stock, (fee, but as yet the reorganization plan is not made public.
Aside from Atchison there have not b»?en any conspicuous
declines in the regular list, but on the other hand a number
of stocks have been notable for strength.
Among this latter
class Manitoba has risen several points, the cause for this
being made apparent late in the week by a circular issued by
President Hill offering stockholders the right to subscribe to
the preferred stock of another corporation— the Great Northern
Railway on tlie payment of ¥.50 per share on its preferred
st<x;k, and this company is to lease the Manitoba anil guarenManhattan
tee dividends of 6 per cent a year on its stock.
has been very strong on rumors of inside buying. Jersey
Central made a further advance to 131. but has reacted from that the rumor of a stock issue to take ut< the
firsts has prevailed.
The grangers have been irregular. Burlington & Quincy was a little weak at one time, and afterward
became stronger on rumors that were promptly denied. St.
Paul was rather weak on Thursilay and for a time to-day on
the poor earnings of the 4th «eek of September.
Among the Trust stocks. Sugar has been active and irregular,
gradually working up a little from day to day after an early
decline and giving wav sharply to-day to SSi.i. Cotton Oil
has also been prominent among the Trusts, and had a sharp
decline on to vi% to-day.
—
—
;
THE CHRONICLE.
428
STOCKS-PRICES AT
OCTOBER
STOCK EXCHANGE FOB WEEK ENDING
N. T.
4,
HIGHEST AND LOWEST PBICES
BT0CK8.
Saturday.
Sept. 28.
ArtiTO
KK.
^lorka.
Canada
39 13
34
Alolii>uii Tdii. 1*; 8aiita Fe..
Atluutic \- PiU'lUe
Canadian
OcU
32
'5I4
Oct. 2.
1.
32% 33%
35
Oct.
•4%
P%
--5
70% 71%
60% 69^ 69% 70% 69% 70
54% 54% 54%
54% 51^8 54
128 129
125 126»8 127 130'4 127% 131
35% •35
35%
ao'a 35i« •3514 35% -35
•22 12 21
23
23%
231a 23ii>' 23% 23%
I'aoiltc
SoiilUeru
Central nf Sow Jersey
Central Pacillc
3.
30% 33%
34
33
5%
•5
558
AND SINCE
5'4
71%
71
53% 54-2
127'4 128%!
35
35
22% 23
63
64
40
404
Friday.
Week,
Oct. 4.
.Shares.
JAN;
Lowest,
1,
1889.
Highe.st.
29% 307e 253,260 29% Oct.
300
4%
4% Oct.
70% 71%' 7,045 47% Mar.
2.210 50% Jan.
51
54
58
2
Jan.
834 Jan. 14
Oct.
2
71%
36%
Feb. 14
9234 Mar. 16il31
Oct.
1
Mar. 291 3634 Jan. 16
I
128% 127%! 13,690
3479
1889.
1,
Range Since Jan.
Sales
of the
Wednesday, Thursday,
Tuesday.
Monday.
Sept. 30
XLIX
[Vot.
400 33
34'%
22% 22% 1,482 15% Mar. 2 26% Aug. 9
65
63
63% 1,663 5()% Feb. 261 69% Ang. 9
2,976 29% Feb. '27i 42'=8AUK. 9
40% 41
39% 40
108% 107% 108 14 108% 109% 108% 109% 83,613 3973 Mar. 26; 111% Jan. 15
'41%
600 401.J Mar. 20 49% Aug. 12
43
4214
42%
42
42
42 '4
'97% 99%
620 94% Jan. 9'l073j Aug. 13
99
98
98
"72% "73%I 71-% 73% 71% 72% 141.034 607h Mar. 16 75% June 6
73
117% 117'<<117% 116% 117% 116% 116% 2,902 97 Feb. 25 113 Sept. 30
II31.J 114
113% 114% 112% 113% 112% 113% 20,915 102% Mar. 27 1 47rt Sept. 12
11358 114% 113% 114
CUIcajjo & KortJi western
115 133 Mar. 2'J 144% Sept. 12
141 144
141% 141% 141 143
143
111
144
prof. 141
143 143
Do
101
101 102% 100% 101% 27,504 89% Mar. 26il04%3ept. 9
'8 101 14 102
Chicago RoclcI.sland&PaciHe. 101 102ie 101% 102% lOO^e
"
•15
*15
350 14 Jan. 15 1934 Feb.
17
14
14
17
14% 15
17
•13% 16
6
CbicaKO St. Louis A- Piitsburg. •15
-37
*36
200 33 Jan. 21 42% Feb. 6
39
3678 37
38
38
pror. •37 '4 39
*37
38% •37
Do
2,450 30% Mar. 18 37 May 23
35
3414 35
'34% 35
33% 34
35
35
34
34% 35
Chicago St. Paul Mlu. & Om.
700' 89 Feb. 13 1013SSipt. 9
IOOI4 100 14 100 101
100 100
99% 99%
pref. •100
101
100 101
Do
7,540 58% July 13 77% Aug. 20
73% 73% 73% 73% 73
73% 72% 73
73'2 74'2
Clcvc. Cincln. Cbic. & St. L...
73% 74
99
99% 93% 99% 4,210 96 July 12 103% Aug. 12
99% 99% 99% 100
Do
P™'- 100 100»4 100 100
800 1 1 July
17% 17% *17% 18% 17% ISM "17% 18^4 •17% 18% 17% 17%
28% Feb. 7
ColumbusHockluKVal. &Tol.
144% 145% 30,131 134% Apr. 3 151 Sept. 6
Delaware Lackawanna tfcWcsl 117i8l47%l 147% 148% I4714 148 xl45%146% 111% 140
28I4
11.228
23
27%
27% 28'4
27%
27%
28%
15
Jau.
27 >2 2818 2714 27%
29
Sept. 27
Deny. Te.x. ik Ft. W., Vot. core
^"
3,296
*10% "11
10
3% Jan.
11% Sept. 12
East Tennessee Va. & Ga
10% 10% 10% 10% 10% 1078 10% 1034 10
*75
*75
-75
500 63 Jan.
•74% 76
75
75
7512 '75
76
76
1st pref
76
70% June 1
Do
2d pref *2:!i3 24
25% June 14
Do
23% 23% 23% 23% 23% 23%i 23% 23% '22% 23% 1,900 20 Apr.
*92% 93% •92% 93%i '9234 93% '92% 93%
'92% 93% *92% 93%l •92%
97 Mar. 4
86 Jan.
Eransvillc & Tcrrc Haute
'4% 4%
*4
-4% 5
"odo 2% Aug.
*4»8
414
734 Feb.
4% •4% 5
5
8
Green Bay WInoua & St. Paul
4%l
192 106 Feb.
lie 116
113 Aug 9
'116%117%ril6 117% 116 116% '116 117% 116 116
Iianols Central
675 16 Jau.
18% 19
19%' 19
19
'ID
20
20% Aus-. 9
Lake Erie & Western
19% 19%; 10% 19% •19
6,570 31% Jau.
64
64 V. 64T8 6478 65%! 63% 6478 64% 64%j 63% 64% 63
6'i%8ept. 11
pref
Do
105 10578 105 1U5% 19,Ot5 99% Mar,
107%.lur.e 12
Lake Sliore & Mich. Sauthem 105'8 106%; 105 Tg 106%] 105% 106% 105% 106
•92
•92%
94
94
85
91
94
Jan.
94
94%
94%
90%
96% M.ir. 4
Isiand
Long
'92'a
93
93
77% 78'2' 78
78% 79
76% 78% 59,2451 5(>%.1ar..
79% Sent. 23
Louisville it Sa.aiivi;ie
78%, 77% 78%' 78% 79
•41
•40
•41
-41
*41
44
2,020,
*40
43
43
43
43
Jan.
19% Mar. 8
Louis. New All;. & Cbicajto ..
37%
43
7i
211,7151 90
3 109% Mar. 4
.i!U-.
Manhat.au Eievatcd, eoiisol. 10016 lOOis 100 102%! 102% 105% 103 IO514 102% 104% 101 103
*92
1,842
93%
92
81
Mar.
16
91
t'eutrai
93
93
92%
91%
Sept. 11
MieklKau
93%
92%
93%
-J
14
105 51% Jau. 7 97 Sept. 27
95% 95% •05
96%
Milwaukee Luke Sh. & West. *96
97
96% '95% 96% *95
95
95
6!)<l
!16i2ll6%!
'l]5%lHi%*115
'115
))roI.
116
Jar.
115%
llo%
7
11778
.Mav 28
Do
116%
91%
115% 116%
916 10 June 10 14 Jan. 14
12% 123s •1214 12% I214 12% 12% 12% 12
12%
Missouri Kansas & Tsxas
12% •12
7514I
43,265
7334
iO
I'aeiHc
74-2
M„r.
Missouri
7538
75
75% 72% 73%
73 S'l't. 12
75%
64%
74% 75% 74%
•14
-14
Vio
*14
\u
15
15
14% 14%, 13% 13% •14
Julv 1
Mobile vt Ohio
3 Jan. 1. 15
15
•97
610
Louis
81-8
i2
Kaiiliv.CbattauooiitaiSi St.
•98 100
98
9>1% 98%
98
99
98
Jan.
98
102% Sept. 12
3,798 10478 July 27 110% Feo. 2
N<;w York Central & Hudson 108% lOS^^s xl07%107% IO7I4 x07>4 ll7 107%' 107% 107% 107 107
-17
10 15% July 13 19% Feb. 4
*16% 18
17% -17
'1714 18
17
17
Hew York Ctic. & St. Louis..
18
-67
*67
1 St prof
70
69
Do
69
67
66% Sept. 3 77 Feb. 4
68% 70
-37%
'38
2d pref.
39
37
Do
37
35% 38
34% July 13 4434 Feb. 2
39
Kew Y'ork Lake Erie W esl'n 2a% 30% 29% 2978 29% 29% 29% 29% 29 29% 2373 29% 19,8:>0 25% Jnly 22 307r Sept. 11
400 61 Jan.
-69
pref
•70% 71
Do
69 14 6914 69
69
71% Apr. 26
68% 6334
49
New Y'ork & Xew Enstland
49% 4314 49 14 48% *9% 4S "4938 47% 48% 47% 48% 46,145 41% Apr.
53% June 25
14,216 14% Jau.
New York (Jul alio A: West
19% Feb. 7
18% 19 '4 19
19% 18% 19
18% 1878' 1834 19% 18% 19
-8% 8%
605
878
878
9% Feb 12
New York SiLaquehaii. A: West.
9
9
8% 8% -,4% 8%|
7% Apr.
8% 8%
l,6uO 3034 Mar.
prof.
Do
35% 35% 3,")% 3578 35% 35% 35% 35% 35% 35% 34% 35
37 Sert 23
32u 14% July
•18
-17% 18%
Norfolk & Western
21
19
19
19% 19% 18% 1878 -18
19
8evt.23
20
'56% 50%
783 47% Mar.
Do
pref
57% 57% '5678 57% 56% 56% •56% 57
57
57
58% Sept. 23
5,040 25 Jan.
3633HL'pt. 5
Northern Paciflc
*J1% 32 14 31% 31% 31% 32% 32% 32% 31% 32% 31% 32
pref
Do
7373 Sept. 3
74% 74% 74% 75% 7378 74% 74% 7478 73% 75
72% 7378 26,866 58% Mar.
•23 14 23%
1,720 19% Mar.
Ohio & Mississippi
23% 22% 23% 2278 2278 227„ 23
24% Sept. 11
23% 23 >4' 23
1,195 49 Aug.
OrcKOu Sh. L. & Utali >fortli.
*j4% 57
5434 55%
57 Sept, 27
56% 56% 55% 55% •54% 56
55% 36
Ore^ton & Tran.s-Contiueutal.
33
33
33
33% 32% 33
32% 33
31% 32% 3,462 28% July
164% May 17
33
33
Evaii.sviUe. -20
900 20 July
Peoria Decatur
21
21%
28% Fob. 13
20% -20
2U% 21% 20% 21
21% 21% 20
Phila.A Kead. Vot. Trust. Cert.
40% 46% 46 14 4678 45% 46% 46
50 Jau. 15
46% 44% 46% 4434 4534 131,955 42% July
Kiohmond&West Pt Terminal 23
23
22% 22% 12,153 19% July
27% Feb. 13
23
23% 22% 2278 22% 23% 22% 23
pref. *81
•31
400
Do
'80
Jau.
8134 June 7
82
82
82
82
82
»Sl
82
76
82
82
'99 100
155 93 Jan.
Borne Watertown & Oedensb'fi *99 100
•99 100
104% June 15
99
99
99
98% 9«% 99
•26
'25
300
•26
St. Louis & San Francisco
27
26
Apr.
30 June 12
27
27
26
19
2/
26% 26%
,^50 53
6(>i4 60%
pref. *60i4 61
Do
-60
Mar.
6678 Jau. 2
61
61
5878 5878
61% 60
61
Ist pref. •110% 111% -110% 111% •110% 111% •110ialll% '110% 111% 110% 110%
100 104 Mar.
Do
114% Jan. 12
*30
2 to 24% July
8t. Paul & Duluth
31
•28% 30%! 28
40% Jau. 14
28
30
30
3t)
30
pret
200 79% 8opt,
Do
-82
*82
•82
95% Jan. 13
83
83
83
83
83
St.Paul Minnap. & Manitoba 115 116
17,493 92 Apr.
117 118
121% Oct. 3
115% 118
113% il9-%! 119 121%' lis 120
Texas & Paciflc
lO
20% 20%: *20% 2078 20% 20%
!0'% 2078
1,5
23 Jan. 14
20% 20%! 20
20%
17% Mar.
Union Paoilic
65
67% Mar. 4
65 %i 65
65% 64% 65% 61'8 65%! 64% 65 %1 63% 61% 34,':45 50% July
•17
Wabasb St. Louis & Paciflc
'17
300
17%
*17% 17%: 17
18% Sept. 12
17
12% Jan.
17% 17
17% '10% 17%
Do
pref.
34 "4 Sept. 9
32% 32%! 32
32% 32% 321"; 31% 32% 31% 32% 10,435 24 Jan.
32% 32
WheelinKit Lake Erie, pref..
1,010 ,59% Jau.
7:173 8ept. 12
71
'70% 71
71%j 71% 7178 71% 71% 70% 71% •70% 71
Wisconsin Central Co
5,07o 21% July
28% 28% 28
30% Sept. 12
28% 26% 27
28% 26% 28
27
28% 28
Cbcaapvake AU.— Vot.Tr.cert.
•65% 0612 G5
66
do 1st pret.. *B5
Do
40 14 41
40% 4114 40%
do 2dvref...
Do
Chicago Biirliiisinn & Qulucy. 107% 108>s IO8I4 108's 107%
•43
43
43% 43
43
Cliioaku ^ Eastern IlUuois.
-97%
pref...
99
99
98
98
Do
73'2
72%
72=8 73%
Cbioaeo Milwaukee & St. I'aul. 73
117%
pref. 116^4 117
116% 118
Do
65
41
65
.
1
>.i
'
j
I
I
i
!
ii.
iSt
I
I
\
ini«cellaiieoll» Stocks.
ChicaKO Gas Trust
Colorado Coal & Iron
Consolidated (ias Co
53% 5878
32% 32%
88% 88%
Delaware ik llud.son Canal...
Oregon Improvement Co
Do
OreKon R'y
Paciflc Mail
&
Navigation Co. 101 105
3378 31
UxpresK
Adams
185
I
I
Slock.a>.
I495, 149%
117% 117%
1
American
'
United States
Wells, Fargo & Co
\
Inactive Nlorka.
Cincinnati Wash.
Do
&
Do
Kingston
*378
101
New Yorl: New
Quiclcsllver
I
Do
*
pref... 1*120
05
&
Trust SlorVs,
'
Iron
'
255
6%
48
125
05
7
34
7%
51% 52
pref.!
^icc.
87
'140
Ttese are prieoa bid
|
;
..:
I
'
88
118
85
140
118
87
143
2%
2%
4
4
*23
247
70% 70% -70
'43
48
125
90%
2J%
47% 49%
98% 99%
87
23
a::d eteked:
2%
4%
101
9
32
7
2.J2
,
72
6%
48
li5
66
52% 53%
101
101
90
92
23% 23%
48% 4973
98% 99%
5%
52%
2%
4%
101% 101
18%
-1773
6
53
I
32%
102
13%
9%
9%1
3%
24%
247" 256"
-70
72
'46
115
'63
2%
4%
'52% 52%
r.%
I
145
.52%
I
120
115
65% 05% 66
32% 33% 32% 3273'
'32% 33% 33% 33%
7
141
2%
4%
•8%
24% 23
6%
'46
I
51%
118
36% 86%'
141
*2
•4
lo
51% 51%1
-8%
117
118
86% 86%
100% 101
f
7
•117
141
4%
24%' •23
*30
32
•248
255
•6
118
80
2
100% 10078
'17% 18%l
(Unlisted.)
Sugar Refineries C:>
National Lead Trust
American Cotton Oil Trust.
Pipe Line Certlttcates^
*
24%
32% 33%
*32
Cameron Iron * Coal
Do
6%
,
'
'150
^117
*29% 31%1 •30
Hart. -248
Southern Cotton Oil Co
Southern Pacillc Co
Tol. Ann Arbor & N. M
Tennessee Coal
4%
Gas
N.at.
MiniugCo
LouisAltou tVjTciTo Haute.
•
23
I
*
3
101
59% 5973 59
59
69% 58
30-8 31%
•31% 32
31% 32
89
88% 88% 83% 88% 89
154% 1.53 15378 153 153% 151% 153
'53
'.52
•52
54
54
55
54
91
*94
95
97
96% '94% 96%
101 10
102
101% 101%
100% 102
3334 34% •33% 3334
34
33% 33%
186
186 188
137% 190
139% 190
86% 85% 86
85% 86% 83% 837s
•150 151
150 151
•1.50
151
151
5978
-51% 52%! •51% 52%1
"8% 9% -8% 9%
1
Ilav.
88
143
i8%
I*
pret.
Pembroke
Philadelphia Co.,
Bt.
*2
x)ref.
pief
j;:
*86
'lio
Bait
do
Commercial Cable Co
Denver &Eio Grande
Do
do
Iowa Central
101
33%
185% 185%
85% 86% 85%
1
I'.ilacc
88
152-% 153%! 153%
•52
*53
54
•93
95
95
pref.
Car Co
Western Uuiou Telegraph
Pulluiau
59
31% 32%
23i.>
30
3:
245
I
6.%
23%
48
125
-63
67
32%' 32
32
34
1
67
32%
32%
6% 6%
52% 53%
i
6
250
•6% 7
46
46
115 125
7
52% 53%i
101% 101% 102%102%j 100
102
90% 91%' 92% 9373' 91% 94
23% 23% 23% 24%| 23% 24%
49
49% 48% 49% 43% 48%
93% 99% 98% 99%' 98% 99%'
no sale mile at the Baard.
\
C.na
sale.
§
55
58
30% 31
88% 83%
150% 151%
*52
25,472
4,310
1,117
5,032
187
84% 85
'150
117
85
'141
2%
'373
1,910
52
'245
•6%
125
66
100
102
1,100
100
125
95%
15%
42%
5»4 Jau,
4,240
3
101%
ISi 18%
5'
10% Mar. 20
87%
K\re.
17
Apr,
Feb.
7% Feb. 2
5934 Feb. 6
4 124% Sept. 24
Sept.
74% Aug. 10
3478 Juiie 13
4% Sept.
3434 Apr. 22
31
220 93
\2,oS,,ood
.5
Apr.
Jan.
21%
700 21
2,914
15,105
e
July 13 29% Mar. 1
Jan. 4 32% Sept. 9
Jan. ~ "79 Sept. 20
241%
70% Sept.
400 44
90
450 64
,.'r.i
1
Oct.
2
Star.
Sept. 9
J.ar. 3ll 5234 Sept. 27
100
Prices from toth Exchanges.
7
Jane 18
2% Got,
4% Oct.
Apr.
Sept.
7»4 Aug.
18%
116
Apr.
•5yo
160,465
23%' 40,213
45% 209.2SO
40%
98% 99
%
1
27
-
8ept..20
Feb.
133 Feb. 4
120% June 6
83% 91
22
105
40
10 144% Jan.
70109 Jau.
400
7
Sept,
72% Jan.
205% *%b. 11
88% June tt
250
32% 32%
33% 33%
5% 6%
51% 52%
107% Jau. 30
Mar.
Jan.
1,410 100
47% 47%
•110
•63
156
Ai)r.
Apr.
31»4 July
1,400
8% 8%
22
22
30
30%
6
16
Mar.
Apr.
390 73% Jau.
6 131 Jai!.
4%
100% 100%
18%
30
6,937471
20,'J93! S3
151
117
86
145
2%
1
June 7
36% Feb. 11
92% Mav 28
80% Jau.
200 75
•248 85
10:
33% 33%
187
62
Jan.
Apr.
21
42%
54
94% 94%
100%
34
81%
19%
40%
80
Jan.
Jan.
35%
55%
4 105
20126
Sept.
9
Sept. 25
Feb. 19
June 24
Mar. 261 35 June 25
4I 61% May 29
Oct.
Apr. 23 102% July 24
Feb.
October
BjNus
-
5,
TEE CHRONICLE.
1889.]
Places of ACTire bonus at
tiVi'Ksr
doling.
:bailkoai) Bonds.
Oct.
A-
Sept
Lowtst.
-i.!
Coiivfrt. 7s,li)0'2
iiiraluiort., 5s, 1987
^\\i
l.(li.i\:\V.B.,coa.7», 190i),as'iit
Am. Dock & [iiip., 5«, 1021 .-112
<i(
Ho
120
125
^ 11338b.
VmetML
I
83
Feb.
11210
May
May
0038 .Tail.
II512 Jan.
Jan.
ll07u,Jiino
107 Fob.
1371 3 Jiinn
1II51 iJunn
131 McIi.
'
108
9M' 1 JllUft
121
May
1381 2 June
1
t
N. Y. Lack. & \V.— Ist, 6s, 1921.'
Con8'ructlon, 58, 1923
N. Y. Ont. & W.-lst, 69, 1914..,1115»b.
N. Y. Sub. & W.— 1 8t rcf ., 5», 1937 101 b.
Mldlandof N. J.— lst,69, 1910 115 b.
136i3b. 131
"a
Jan.
Feb.
10519 Apr. 108;% Mcb.
111 14
113i4Jan. 120 Sept.
iVo'ijo. llOiaMch.
94 Feb. I04i4.\ug
101 b. 94 Jan.
107 Jan. 114 July
11913b. H4i4Apr.
&
"""
98 Jan. 104 '3 July Norfolk & West.— «on., Hs, 1931 120 b. 120isb. II714 Jan.
131
I2912 July [134 May Nortb. Pac— 1st, coup., Os, 1921 11413b. 11418
11439 Sept.
&
l&5i2b. 102% May IO6I2JUUC
General, 2d, coup., 1933
'110'2b. 114
DcbontiiroDs, 1913
llOiaOct
92I2 Feb.
II09I3
OUHjMay
General, 3d, coup. 69, 1937 ... 1 10
l)iiiv(rDivi.slon,4s, 192a .... 94'2a. 94 19
97% Jan.
95 "8 Apr. No. Pac. Tor. Co.— Ist, Ua, 1933. 110813b, 111
91'eJan.
10334 Jan.
Ncliraska K.'cten.sioii 4s, 1927.1 9438b. 94 12
118 Jan. 120 July Ohio lud. & West.- 1st, 5a, 1938:« 82
81
Cliic. itK. 111.— 1st, s.f., 6s, 1907, 120 b.
61 July
125 b.
118 Jan. 127i2 8cpt. Ohio & Miss.—Consol., 78, 1898. 1 17%b. ll7%b. 115 Jan.
(•(iiisol. Us, 1934
97 Jan. 1104% Aug. Ohio Southern— 1st, 6s, 1921 .. 112% 112 b. 103 Jan.
Ci-niralconsol. 1st, 5s, 1937.. IvS^aa.
b.
83 Feb. 101 May
60
57
2d, income. Us, 1921
riiic. (ia.s.T,. &C.— lRt,g,.7.sl937| 95
4434 Jan.
99 Jan. :106 Juno Omaha & St. L.— Ist, 48, 1937.
76 b, 77 b. 7113 Jan.
Cllic.A: llul.('oalK.,l»t,5s,1930 102 a.
126
b.
122i2Jan.
104
13012 June Oregon Imp. Co.— 1st, 69, 1910
|103%b. 102 Feb.
Chif. -Mil. it St. P.— Con. 79, 1905
14
112 Jan. 117i2 8ept. Ore. K. <S:Nav. Co.— Ist, Os, 1909
11313b. 110 Jan.
l9t, SoiithwostDiv.— Us, 1909. 119 a.
110 Jan. 121 Sept.
Consol. ,.53,1923
lOSiab. 10412b. 102
1st, So. Mill. Div.— Us, 1910 ..'119^,».
Jan.
103 Jan. 109% Juuo Oregon ifc Transcon'l-UB, 1922. 104 b. 104% 101 13 Jan.
1st, Ch.& I'ac.W.Uiv.— 58,1!»21 IO8I3
Ill b. iiimb. lOU'a Jan.
99 Jan. 'IO8I2 June Penn. Co.— 4139, coupon, 1921
Wis. &. Jlinn. Div.— 5s, 1921 ..Il05%a.
105
100 Jan. 108 June Peo. Dec. & Evaus.— lst,6s, 1920 107 a. 10714a. 104 13 Feb.
Terminal 58,1914
143% Jan. 149 Aug.
Evausv. Div.— 1st, 68, 1920... J102i3b. 1102 b. 102% Jan.
Cbie. & N. \V.— Cousol. 7s, 1915. 147»4a.
1129 b.
'127 Aug. 133
May
3d inort., 5.S, 1927
168 b.
Gold, 78, 1902
60 Jan.
115 b.
119 .Ian. 123 Apr. Phlla. & Kead.— Gen. 49, 1958..! ^'"a
01
Biukinj; fund Us, 1929
8858 Jan.
8II4
108 12 Jan. 112 June
10714b.
82^8
Ist prof, income 53, 1958
Siiikius fund 5s, 1929
80 July
109 Jan. IIU Sept,
2d prof, income 53, 1058
05 a. 68
SmliiuKlunddebeut. 5s, 1933 112 b.
6278 JiUy
3d prof, lucoiuo 5s, 1958
;105 Jan. 109 Apr.
54 a. 5478b. 51 13 July
2.j-.vcar di^beuturo 58, 1909. ..'107
99»4b.
98 Jan. 10414 Fob, Pittsb. & West.— 1st, g., 43, 1917 84isb. 84 b. 76i4Jan.
KxU-ntion4s, 192U
95 Mcb. 98% May Rich. &A11.— 1st, 73,Drcxel cert. 6634
67%
Cbie. I'eo. & St, L.— Old. 53, 1928' 93»2a.
58 Jan.
131i4Mcb. 13812 June
2dinort,,6s, 1916,Drexelcert. 3413b. 34ijb. 20
Cbic.K.I.&PiM!.— tis,coup.,1917 131>4b.
Jan.
'105''8
104=8 Jan. :108i2 Juno Rich. At Dauv.— Con., 0,9, 1915 .. 118 b. 117 b. 114 Jan.
Extension &col. 5s, 1934
119i2Jan. 12412 May
Consol. gold, 53, 1936
9113a. 93
Cbic. St. P. M. & O. -Con.(is,1930 124isa.
86 Jan.
92 Aug. 100 Fob. Eich.& W.P.Ter.—TriLst 68, 1897 99 b. 99 14
Cb.St.I,.& Pit t.— lst,con.5s,1932;
96 Fob.
9212 Jan.
99 June Roch. & Pittsb.- Con. 69, 1922.. 119 b.
Cleve.& Canton— 1st, 5s, 1917.1 94 b.
113 Jan.
130 Jan. 135 Apr. Rome Wat. & Ogd.— Ist, 7b, 1891 108 a. i08'"a. 106 13 June
C. C. C. & I.— Consol. 7s, 1914
122 b
112 Jan. 125 Sept.
Consol., extended, 59, 1922... 109i2a. 111%
108 '8 Apr.
General Us, 1934
93'% Apr. 105 Jau. St. Jos. & Or. Isl.— 1st, 6s, 1923. IO6I3
106 b. 104 Jan.
Col. Coal & Iron— l.st Us, 1900. .viol's
11334b. 111
60% July 87% Feb 8t. L. Alt, & T. H.— lat, 78, 18941
Col. II. Val. &T0I.— Con. 5s, 1931 73
July
72
10714b. 108 b. 10534 Feb.
50 July
2d, mort., pref ., 7s, 1894
General gold. Us, 1904
87 Feb.
2d, mort., income, 78, 1894 ...
Denver & liio Gr.— 1st, 7», 1900 121iab,
118% May 123 Sept.
1041a Jan.
78""
8212 May St. L. Arlc. & Tex.— Ist, Us, 1936' 7914
1st consol. 4s, 193U
75 Jan.
77 July
8412 Jan. 102 -Mcb.
2778
2d, 63, 1936
27 b. 23 May
Denv. i H. G. W.— 1st, Us, 1911.
94T8
73% Jan. 93 Sept. St. L. & Iron Mt,— 1st, 7s, 1892.il06i8b. 10818b. 1051a Aug.
Assented
941a
Il09 b. 109 b. 105 Jan.
9412 May
2dmort.,7.9. 1897
Denv. S. Pk. & Pac— lst,7s, 1905 86 b. 89 b. 81 Jau.
Cairo ife Fulton— 1st, 78, 1891.!l02'8b. 102'''8b. 10114 Julv
Dot. B. C. & Alp.— lst,g.,Us, 1913 104 b, 104%a. 103 Jan. 108 12 Feb.
Aug. 40 Feb.
Cairo Ark. &Tex.— l8t,78,1897 IO3I3' 103 13 I102'S8 Aug.
Def. Mac. & M.— Ld.Kr.3i2s, 1911 34i2b. 35 b. 32
Gen. R'y Aland gr., 5s, 1931. 8613b. 89 b. 81 Jan.
Dul. & Iron Range— 1st, 5s, 1937 102 b. 103 b. 9U"8 Jan. 104 Feb.
E. Tenn. V. & G.— Con., 5s, 195U 10712a. 10614b 102 Jan. ;108i2 May St. L. & San Fr.— 6s, CI. A, 1906 118 14b. 11814b. 116 Jau.
Jau. lo7% Aug.
6s, Class B, 1908
llSMsb. 11814b. 11534 Jan.
Eliz. Lex. <fe Big San.—Ua, 1902. 105 b. 105 b. 99
6s, Class C, 1906
11 8 14b. 118i4b. 11513 Jan.
Erie— 1st, consol. gold, 7s, 1920 137i2b. 13314 137 Mcb. 142 July
IIII40. 112 a. 110% Jan. 114 May
General mort., 6s, 1931
120 a. 120
Long Dock, 7s, 1893
11519 Jan.
120 b. 122 b. 118 Apr. 123 Feb.
General mort., 58, 1931
101 14 Jan.
Consol. Us, 1935
N Y.L.E.&W.— 2dcon.Us,19U9 103%b. 104=8 98 Jan. I0712 May 8. P. M. & .M.— Dak.Ext., 69, 1910' 121 b. 121% 118 Jan.
IOOI2
'118%b. 1 lO'sa. 11513 Jan.
1st, Us, 1921 100
l8t cousol., 63, 1933
Ft. W. <te Denv.
90 Jan. 10113 Sept.
10113b, 9814 Jan.
Do
93 b. 9216 May 95=9 Mcb.
reduced to 4 13s ...
Gal H.&SiinAnt.— W.Div.lst.Ss 94-%
Collateral trust, 53, 1898
GrB.W.&BI.P.— 2dinc.83, 1911 16 b. 17iaa. 13 July 25 Feb.
9912b. 9912b, 96i4Feb.
Ext,
87%b, 83 '4 Jau.
106
IOOI4
Montana
1st,
88
GiiUCol.&Saii.Fe— lst,7s,1909 IO413
Aug. 116 Feb.
49, 1937
U5
Gold, 09, 1923
70
64 Aug. 87i3Jan. Shen. Val.— 1st, "s, 1909, Tr. rec. 9412b. 9412b. 8713 Apr.
38i2
General
38
b. 31
Han. i St. Jos.— Cons. Us, 1911. 119
63, 1921, Trust reo.
Jan.
119 Sept. 124 Fob.
SouthCarolina— 1st, 6s, 1920... 96 b. 9 J 14b. 90 Jau.
Int. .t Gt. No.— 1st, U«, gold, 1919 103 b. 104 b. IOOI2 Apr. !109i2.Ian.
58 b. 57 b, 47 Jan.
Coupon, U.s, 1909
69 a. 67 b. 62 May 7413 Jau.
2d,63,1931
5
b.
Kentucky Cent.—Gold 4, 1987.
Income, 6s, 1931
7 a,
87 a. 8512a. 7II2 Jan.
90 June
5 Sept.
Knoxv. <k O.— 1st, Us, gold, 1925 112 a. Ill 1), 101 Jan. 112i2 8ept. So. Pac, Aiiz.- 1st, 6a, 19119-10. 108 b. 107 b. 104 13 July
114 b. 107 Jau. IIU Sept. So. Pac, Cal.— lat, 63, 1905-12.
11813b. 114 Jau.
L. Erie & West.— Ist, g., 58, 1V)37 114
107 b. 105 14 July
L,akeSbore.-Con.cp.,lst,7s,190O 128 a, 126 lab. 125I4 Jan. !l30 5Iay Bo. Pac, N. M.— 1st, 6s, 1911 ... 108 14
Cousol. coup., 2d, 78, 1903
127 a
tl24 Jau. 13014 May Tenn. C. I. & Kv.—Ten. D., 1st, 6a 95 14b. 98%
89 Jan.
Div.,
1st,
9713b.
Long Island— 1st, con., 5.s, 1931 116%b.
Binu.
98
89 Jan.
|ll4i4.Ian. 117% Sept.
6.9, 1917
9OI2
85 12 Mcb.
General mort., 4.S, 1938
98 b. 98 b. 9212 Jan. I0214 May Te.x. & Pac— l.st, gold, Ss, 20001 90
37I4
Loiiisv. & Na.sUv.— Con., 7s, 1898 II712
2d, gold, income, .53, 2000
37%
31 Mcb.
120% II714 Oct. 1211-2 -Mcb
E. H. &N.— Ist, O.s, 1919
H17 b. 116 b. 114%Juuc 11.t;i4 May Tol. A. A. & N. M.— 1st, Os, 1924 106 b. 108
99 Mch.
General, Us, 1930
115 a. 1141a 112 Jan. llSUMay Tol. A. A.& Gr. Tr.— Ist, 6.9, 1921 112 b. 112 b. 103 Jan.
Trust BoiKls, O.s, 1922
|110%a. 109 13 Jan. llSinMay Tol. & Ohio Cent.— lat, 5s, 1935 101 %b. 102i-3b. 101 Jan.
.110
7712b. 74
-Apr.
10-40, Us, 1924
10113 Jan. 106 Apr. Tol. Peo. & West,— 1st, Is, 1917..' 7714
92 13 Jan.
103
.50-ycar58. 1937
105
io6 b. 98 Jan. 1107 Sept. Tol.St.L. & Kan.C— lst,63,191U 103
Collat. trust 5s, 1931
Union Paeillc— 1st, 63, 1899 .... 119%b. llOisb. 115 .Tan.
10312b. 96i4-Tau IIO412 Apr.
Louis. N. A. &Ch.— 1st, 6b, 1910 11712b. 113 b. II214 Jau
June
Sinking fund, 89, 1893
114 b. 114 b. 114 Sept,
1 22
'101i2b. 106
Cousol., gold, 6a, 191U
Kan.sas Pacitlc- 1st, 6s, 1895 1 1014b. 110 b. 11018 Aug.
93 Jan. 106 Sept.
9SI4
Louis. Soutli., 1st g. Us. .1917, 97''8
11114b. 111 b. 109>3 Jan.
1st, Us, 189U
95 Aug. 99% Aug.
Denver Div.— 68, 1899
116% 114%b. 112 '3 -May
Louis.St.L.&Tex.,lstg.Us.l917j 99^8
9913
96 12 Aug. 100 Sept.
Wcin. Jc Cbar.— U.S. gold, 1924...
116 b. 116 b. 112 Jan.
105 b. 102 12 Jan. 10938 Juue
1st con.sol., 63, 1919
115 b. Ill Feb.
Metro. Elevated— Ist, U.s, 1908
Oreg. Short Line— lat. Us, 1922 II413
110 b. 11178 Jan. 120 June
1 16
7838 Jan.
2d, Us, 1899
10814 Il08%
106 Jan. lUiaMay Virginia Mid.— Gen. m., 5s. 193U 88 b. 89
Apr.
Micb. Cent.— 1st, eon., 76, 1902.1129 b. 129 b. 129
Oct. 133 12 Mcli. SVab. St, L. & P.— Gen.,6s, Tr.reo. 50 b. 50 b. 37
Consol., 5s, 1902
Chicago Div.— 5s, 1910, rr.reo.'103i4 10314b. 88I3 Jan.
May
11 Ola Oct. 114
100 b. 86 Jan.
Mil.LakeSb.ife VV.— lsl,U», 1921 126 b.
Wabash— M., 7s, 1909, Tr. rec'
118% Jan. 128 Sept.
Conv. delM-uture, 5s, 1907
Tol. & \V.— 1st, ext., 73, Tr. rec 10314b. 10314b. 8913 Jan.
104''4b.
92 lo Jan. 105 Oct.
Mllw. & Nortb.— M. 1., Us, 1910. 108i2b. 108 i2b. IOUI2 Jau. Ill Apr.
l8t,St.L.Div.,7.s,1889. Tr.reo. lOSUb. 10314b. 93 13 Feb.
Jan.
l.st. Con., (is, 1913
2d, extend., 79, 1893, Tr. rec lOJiaa. 10-.'i4b, 87
IIOU b. lOU b. 105 14 Jau. IO9I2 Mcb.
Feb.
Minn. & St. Lou!3— l8t, 7s, 1927 100 a. 10.) a. 90 Jan. 100 Sept.
Con., conv., 78, 1907, Tr.reo. 100 a. 100 b. 85
Jan.
Mo. Kan. & Tex.—Con., Us, 1920 62i2b. OS's
03 ^8 Sept.
Gt. West.- l8t,78, 1888,Tr.rec. 103i4b. lOSMb. 89
53 Apr.
50I2 Apr.
102 b. 86 Mcb.
Cousol., .58, 1920
2d, 78, 1893, Truat receipts.
oOHib. 58%
U012 Juno
Consol., 7s, 1904-5-6
105% 'IOUI4 102% Jan.
95
95 b. 87 %> Mcb. 97 Juno West Shore— Guar., 4s
Mo. Pacitlc— l8t, con., 69, 1920. 114i8b. 114 b. II012 Jan. I1513 Apr. West. N. Y". & Pa.-lst, 5, 1937. 97 a. 96 13
9514 Jan.
34i8b. 33i4.Au!!-.
3d, 78, 1900
2d mort,, 3g., 5.90., 1927
33%
111913b. 118 b. IIUI2 Jan. 121 12 Apr.
I'ac. of Mo.— Ist, cxt., 4a, 19381 09 b.
9878 Jan.
99133. 97% Jan. 10234 Juno West. Un. Tel.— Col. tr., 5s, 1938 102 b.
2d inort.,7s, 1891
Wheel. &. Lake E.— Ist, 59, 1926 10513a. do's" a. 102 Apr.
1103
Oct. 10513 Apr.
'
---.
it
102 '8
112
I
116>aJuly
115 Feb.
1031 1 Juno
11913 Sept.
1213 1 Apr.
I
•
1207b Jfay
117
110
112
I
j
COifl
I
I
.1
10079 Feb
II514 Jim e
I
105% Hay
!
I
107»3 Apr.
1
.
i
llH3
.
94% June
i
941? Jan.
'
!|
62 14 Jan.
87
May
70H Aug.
37
Aug.
'
1-.
I
!
May
94% May
May
119% July
10913 May
112
May
1193a
103
I
1
IO913 Apr.
'
II214 June
108
Apr.
'
I
1
j
.!
1
July
lO.iia
Juno
107
90
121
Apr.
Feb.
Apr.
Apr.
!
I
!
'
'
I
»
I
!
.
40
May
lOL
61
10
108 14
Aug.
Aug.
Feb.
June
108=8 Oc>.
100 Mob.
99 Mch94 May
40 Apr.
110i4June
120 Juno
10413 Juno
82 13 Juno
105 May
1
;
1
I
1
121 13 July
12013 Jan.
11213 July
11213 May
1
1
.
'
116%
Oct.
117 Apr.
,115>aJuly
90 Apr.
511 I Sept.
'104 Aug.
10134 Sept.
1
1
'
:
'
103%
Sept.
1031a Aug.
Juno
103
Aug.
1101
110313 July
1021a Juno
'
I
I
Anr.
118-J Sept.
I
'
. .
M«y
June
100 13 July
92 13 May
96 May
'
1
1
. .
Feb.
Jan.
121% June
103% June
'
'
Feb
99
38
110
110
121
121
121
108
122
C—
1
June
115
1
. . .
Jan.
K2:>f
)
'
Mch.
701s
j|
'
May
10913 Feb.
I
I
8ept.
110
i
'
Oct
80% Jun e
I
I
'
May
121 June
113<4Sept.
.
I
Ailg.
Jiina
8319 Sept.
I
.
j
1
j
!
109»8 Juno
101 Apr.
** Feb.
106
June
IllO
Aug.
i
1
I
Note.— The letter "b" indicatoa price
I,
BlglutL
.IS'4 Oct.
1041 4 Apr.
11381 2 Juno
I
llSkFcb.
101% Apr. IO5I2 Feb.
Us, 193U
Oliiii.—Moi-t. (53,1911..
1 St consol. 53, 1939
J?^^,.
Ill b.
So. W.-Us, 1911
Clies. O.
Chic Burl. & No.— lat, b», 192(i.
Q.-Con. 7, 19O3..jl30i2b.
Cliic. Burl.
Moitgaee
Chcs.
isw.
116>3Mav
.
j
Jan.
Jan.
1
b. llSiab.
b.
jiomb.
I-and sn-aut Us, 1890
i,
Range Since Jan.
Sepl.ZT
I
.
b.
b.
Oet.i
Mobile & Ohio— New, «9. 1027.. 110 b, 116>9b..'112% Peb.
Ocuoral niort., 4s, 1938
S7»ab 57'i
41% Jan.
Mutual Un. Tel.— 8. f., Ua, 1911.
00 Jan.
Nash. Cb. & St, L.— 1st, 7», 1013 133Hib. '13a%b. 120 Jan.
100
10Ui2Jan.
Con.wl. 59, 1938
110413b.
98»8.Tan.
"
124 12 Juno N. Y. Central-Ext«nd., 5s, 1893 10513a. lori
:iai
May
I28I4 Ai)r.
N. Y.C.&1L—I.st,cp., 79,1903, 13013b. '132%b. 13238 Oct.
1113 a. 113 a. Ill
115% Juno
Dobentiirc, 58, 1904
Jan.
120 12 May
N. Y. & Uarlom— Ist, 7», 1900 130
120 b. 129 May
113 Mav N. Y.Cblo. &8t.L.-lBt,48,1937| 94
97
91»8Ju-i.
I2014 June ;N. Y. Elevated— l8t, 7s, 1906... 110
115%b. 110 Jan.
1
120
1.
22% Feb.
I'ac— W. D.
11J«
OtoHng.
Big/ietl.
(iiuir., 48,
Consol. 7s, 189!».
srocK bxcuanue. anb banue since jan.
Raiuioao .Boin>8.
4
15
15 b. 15 Oct.
Inc., Us, 1!»10
72i2b. 70
70
Oct.
19:t7..
108
l()8''<3l).
1.J
106i2Jan.
lUOS
Can. SiiuHi.— iBt suar., Ss,
96iaa. 96=8
93i4Jan.
•.id, 5», l'J13
loiHitJ. 101^
101 14 Aug.
Central of N. .I.-lst, 7b, 18U0
Atl.
n. t.
Range Since Jan.
429
bid,
ani "a"
price asked: all other prices
auJ the range are from actual
sales.
STATIC BONO.S.
SECUltlTIKS.
Bid.
SECURITIES.
Ask.
Bid. lAslt.
SECURITIES.
Bid.
I
Ask.
II
Alabama— Cla.ss A,4
"I
due 1889 or 1890
1906 I0213 10414 Missouri— Us
1900 110
Asylum or University, due 1892
1894- 1895
1906
i>8
Funding
1S92
1900 100
Now Y'ork— 63, loan
Arkansiis- 0,9, fiinded..ls99-1900
1«93
6s,loan
12
18
old
6s,
J.
& J.
78, Little liock <k Fort Smith iss.
Carolina—
North
8
7s. Mcinpliia & Little Rock iss...
1900
Fund n i act
8
78. Arkaiii'as Central RR
10
7
New bonds, J. & J. ...1892- 1898
Georgia- 78. gold
ChathamRR
1890| 101% 102%
Loiiisbtna — 7s, cons
Special tax. Class 1
1914 105
Stamped 4b
.
1910
Consolidated 48
89 li
87
M''->"-->n— -fQ
1919
isoo io*t
Class B, 59
Class C, 4b
68, 10-20
to 5
I
I
I
Rhode Island—6s, cou.. 189,3-1894 108
414!
5
South Caroliu.a—Us, non-fund. 18.88
104
1893
j Brown consolidated. Us
1S92-189S 'efiji
Tennessee— Us, old
1912 7713'
Compromise, 3-4-3-U8
1913 106 13
New settlement—69.
1913 Hil 104
5s
1013
73%1 74«4
3s
101
I
104
110
108
108
33
10
20
5
8
8
96 14 97
124 127
Vlrgini.i—Os, old
68. consolidated bonds
69, cousolidated, 2d series
Ua. deferred, trust receipts
1
1HE CHRONICLE.
430
LVOL,
xux.
BONDS-STOCK EXCHANttE QUOTATIONS ON FRIDAY OF THE LESS ACTIVE RAILROAD BONDS.
SECUKITIES.
East Tenn.— Eq. A Imp., g., 5s 1938;
Mobile A Birm.— lat. g., 58.. 1037
Alabama Central— lat 68... 1918|
1897
Erie— Ist, extended, 7h
1919
2d, extended, Ss.
1923
109
3d, extended, 413S
1920
4th, extended, Ss
1928
90
5th, extended, 4s
1920
100
Ist, eons., fd. coup., 7s
1908
Reorg., Ist Hen, 68
109»c
1916
B. N. Y. A E.— Ist, 78
89
N. Y. L. E. A W.— Col. tr.,68.1922
108
1969
Funded coup., 58
1977
Income, 6.8
100
.1908
Buff. A 8. W.— Mortg. 68.
1909
Jefferson— 1st, gu. g. 58
100
Bonds.
Railroad
fSiork Eirhnnnr l^iten.)
Atlantic A Danv
1st «., 6a.. 1917
—
I
99
97
& Pao.—2d W. [>., Kil. Si,, 1907
Bait. & Ohio— 1st, 6s, Park B.1919
Atl.
58, gold
1925 107M
1988
80
W.—Deb. ,5s. 1913
Cons, mort., Kold,
B«eob Crick— 1st,
A
Host. H. Tun.
Brooklyn Elev.-lst,
<.,
. .
.1936
1
!
lOOM
6s...l924
1915
2<J,3-5s
Union
I
.is
trold, 48.
EI., l.st, guar., 68..
..1937 10714
Bmnswlok & Wiist.- I8t,g.,4s.l93a
Buft. Roch.
A-
Bid
SECURITIES.
Ask.
Bid.
"
Pltt«.—{ien., 58.1937
'
93'
Roch. * Pitta.— l.st, «a
1921 120
Burl Ccd. Rap. & No.— l8t,58.1906
99
CoDBol. A- oollat. trust, 58. ..1934
87
Minn. A St. L.— 1st, 7s, gn..l927 100
Iowa C. A West..— Ist, 78.. ..1909 98
Ced. Kap. I. F. A N., Ist, 68.1920
95
l8t. 58
1921
. .
SECURITIBS.
!Ask.
931a Northern Paciflo— (Continued)—
La. M. A Mo. R.— 1st, 58. .1937
North. Pac. A Mon.— lat, 68.19.38
121% 123
Coeur d'Alene— 1st, 68, gold. 1916/
1938'
Gen. 1 St, gold, 6s
108 -j
Cent. Washington— lst,g.,68.1938'
J1614 118
Nort.A W.— New Riv., 1st, 68.1932
lOSia' 104
Imp. A Ext., 68
1934
1924
Adjustment M., 78
105
1908
Enuipincnt, .5s
~
'
142
ClineliVal.D.— I8t,cquip.5s.l957|
Ogd. A Lake Ch.—lat,con. 68.1920]
96
.
no
88
Ohio A Miss.— Cons.,
2d con.sol. 7s
se
goHi
Springfield
General 5s
'Evan. A T. H.— Ist, cons., 6s.l921|"ll7is
.19231
Mt. Vernon— Ist 68
1C5
Erans. A Indian.— lat, cons. .1926 114
121
..1920'
Marq.—
Mort.,
6s.
Flint AP.
\"9i'
Central Ohio Eeor.— Ist, 4128.1930' i'06"
1st con. gold, 5s
;939i
•Cent. RR. A Bank.—C'ol.g.,58. 1937 101% 102 14 Fla. Cen. A Pen. Ist g. 5s.... 1918;
Sav.A West.- istoon. (^-..^s,. 1929
10219 Gal. Har. A San Ant.— 1st, 68.19101
1905'
Cent, of N. J.— Conv. deb., 68.1908 119"
2d mort., 7s
1927*
1-chlKh A W. B., M. .-.s
Ga. 80. A Fla.- Ist, g. 68
107
1 9] 2
Central PiM^llic— Gold bd»,,6.s.l895 ii'sia!
Grand Rap. A Ind.— Gen. 58..1924
Gold bonds, Cb
Green B. W. A St. P.— lat 68..191l| 81
189<>; 114
Gold bonds, 68
Houaatonic— Cons, gold 58
1937 .106
1897. 115
San Joaquin Br., 68
1900' 114
Hous.ATex.C— lat, m.l. 7s.Tr.rec.
Oal. A Oietton— Scr. B. 68. .1892
West Div. 7.'?,Trust recelpts.1891
West. Pnciflc— Bouds, «a
1901 105 12
Ist Waco A Nor.- 78
1899 il'iiss
No. Railway (Cal.)— 1st, 68.1907;
2d m.Ss.M. 1. Trust recelpta.1913 120
80
Ches. A O.— Pur. M. fund, 6s. 1898 114
II5I2'
Gen. mort.68,Tru.st receipts. 1925
6a, gold, series A
1908 II2I9 1151s Dllnois Central— Ist, g., 4a ...1951
Ches, O. A 80. West.— 2d, 6s. .1911
l8t, gold, 3133
1951
77
Chicago A Alton— 1st, 7s
1952 100
Gold 48
1.893 109 12
Sinking fund, 6s
Springf. Div.— Coup., 68.... 1898 112%
1903 124 126
I-oiils. A Mo. River- 1st, 78.1900
1921 115
Middle Div.— Reg., 58
120
„'-2d,7s
C. St. L. AN. O.—Ten. 1., 78. 18971 121
1900| II8I2
St. Ii. Jacks. A Chic- l8t,78.1894 lllia 11213
1st, consoi., 78
1897| 121
1st, guar. (564). 78
1894' 111%
2d, 68
19071 '118
2d mort. (360). 78
Gold, 5s, coupon
1951 115
189S1 115
2d, guar. (188), 7s
Memp Div., lat g. 4s
1951|
1898 115
Mla«.K. Rridge— 1st, ». f., 6s.l9ia 105
Dub. AS. C- 2d Div., 78... 1894
.
ii'5'
I
Chicago
104
126
127
104% 105 14
. .
96
•ChicAN.W-E.scAL.8.-l8t,6s.l90li 111
Des M. A Minn.— l.st, 78.. ..1907
lowaMidland— 1st, 8s..
1900 126
Peninsula— Ist, conv., 78... 1898 120
Chic.
M
A Milwaukee— 1st,
?/;?^-,^-2<>' 78
130
7s. 1898
1907, 127"
;.
Mil. A Mad.— l.^t, 6s...
1905' 1161a.
Ott. C. F. A St. P.-]8t,53..1909 108 i^i.
Northern III.— ist, 5s
1910' 108 1.
Rock Island A PaclHcDes Moines A Ft. D.-lst, 48.1905 85
Istj^HiS
1905
Extenson, 48
19051 85
Keokuk A; Des M.-lst, 5s .. 1923
Chic. A 8t Lom.s-lst, 68
1915'
<^"«- St. P. A Kan. aty-5s..l936
r>^?'"5;^^-^--l«. g.. -58.. 1934
Minn.— 1st,
125
^x,
No. ,f:,^-*
W l.sconstn-lst, 68 6s.. .1918
1930
1
•
f^}Chlo.
191
*?«', * 8uC--l8t. 68
A W. Iiid.-l8t, 8. f., 68.1919
General mortgage, 68
1932
D.-Con. 8. f., 7b.1905|
4128
1937
Cin. I. St. L & Chic.-l8t,g.,48'.1936
Consoi., 6a
1920
^n\
2d, ^"Sgold,
•?
Pens.
106i«
'
_
,!'!'. <^on.,
Del.
1907
::::i9oi
guar., 7s
A Hud. Canal—
lat, cxtcn.alon,
Coupon, 78
7»
l.st.,
A
131
1915
78. ..1891
1891
1894!
; .
105
115
106
I
I
iio'i""::
104
116
119
"""
i
;
.
.
1
Sabine Division,
1st,
1912 id2",io6"
68
106% Lot" Tex. A Pac, E. Div.— 1st,
9812
Tol. A. A. A Cad.— 6s
no
111
68.19051
1917; 1041a 106
A
1021-3
Mt. PI.— 63
1919
Union Pacific- 1st, 68
1896 11312 114
11514117
l.st, 6s
1897
lat, 6s
1898 117 jllSM
1908 104
Col lateral Trust, 6s
94
Collateral Truat, 5a
1907
1895
C. Br. U. P.— F. c, 7s
96
'93
Atch. Col. A Pac— 1st, 6s.. .1905
93
Atch. J. Co. A W.— Ist, 6s... 1905
,118
Utah Southern— Gen., 78 ..1909
114
Exten., l.st, 7s
1909) 113
U. P. Lin. A Col.— lat, g., 58.1918! >103
Utah A Northern— Gen., 53.1926
Valley E'y Co. of O.— Con. 63.1921 ;;.";;!idtV'
1939 103^103 la
Wabash— Ist, gold, 53
Wab.St.L. A P.— Det.Dlv.,6s,Tr.rec 1281a 131
Tol. A. A.
t
I
Equipment bonds
Quin.
Han.
1883
A Tol.— lst,7s,'rruat rec.
A Naples— 1st, 7a, Tr. roc
.
25
103 14
.
i"25'
.
i
'
.
;
IO3I4
IO314
III. A So. la.— 1st, ex., 6a,Tr.reo
Sf.L.K.C.AN.— R.E.ABR.7S.1895 109
St,Chaiic3Br'ge— lst,63...1908 104
1895 1141a
No. Mi.s.souri— 1st, 7s
1896
Warren A Prank.— Ist, 7s
West, Va. C. A Pitts.- lat, 68.1911
Wlscon. Cent. Co. - 1st g. Ss. 1937
1937;
Income 5s
1
987a
.
''
:TIiM<*clianeoiii« Bonds.
IIOI9
1041a Am. Water W. Co.— Ist 63. ... 1 907 109
19071 1091a 101 14
1st con., gold, OS
'109
Boston Un. Gaa— Tr. cer. 58..1939
521a 55" Cahaba Coal Min.— 1st g. 78.. 1907
"
6.s,g..l917,
A Hock. Coal A
"82" Col.
103
1905.
EquiLahlP G. A F.— 1st 6a
SOiai
i
N. J. Junction— Guar, lat, 4s. 1986
14I14 1451a N. Y. N. H. A H.— Ist, reg.4a.l903 "WMH
10514 N. Y. A Northern— 1st, g,. 58.1927
105
107
2d, 4s
1927i
112 II319 N, Y. Susq. A West.— Deb. 68.1897
144
2d, 41-23
1937
N. Y. Tex. A Mex.-lst, 4s....l912i
1221ail23
1 23
Northei-n Pac— Divid. scrip ext...; ids"
;
"
95
101
88
89
1st, 6s, 1 886
1 92(!|
San Fran. A -V. P. -Ist, g., .5a.l919: lOOHlOl
Scioto Val.— Ist, cons., 7a
1910
75
Coupons ott'
119
Sodus Bav A So.— Ist, 5s, g. .1924
110
So. Pac, Cal.-lat con. 5s ....1938 100
55
TexasC'entral— 1st, 3. f., 78... 1909
55
1st mortgage, 7s
1911
;
122'4 Texas ANew Orleans-! 3t,73. 1905
\
I2712'
*
90
97
93
90
i'15"
East. Minn., 1st div. 1st 5s 1908' 100
San Ant. A Arans.— l8t,6s,'85-1916 85
100
Mobile AOhio-lstext.,68...1927| 109
* OS'si
Ist prpf. debentures
80
St. L. A Cairo— 4s, soar
1931| 78
Morgan's La. A T.— 1st, 6s
1920;
135
Wn.—
iof*
1
A
Kansas Mid'd.— l.st, g. 4s. 1937
St. Paul A Duluth— I9t,3s....l931
1917
2il mortgage 5s
8t, Paul .Minn A M.— Ist, 78.. 1909
2d mort., 63
1909
Minneap. Union— 1st, 6s
1922;
Mout. Cen.— Ist, guar., 6s..l937i
Missouri Pacific— Truaf,g., 58. 1917;
Div. c«up., 78
??
19171
^Vlbany A Suaq.- ist, gn.,7a.l900i
lat, cons., guar., 6s
1906
Hens. A 8ar.— Isl, coup., 78,1921 149 155
Denv. A R. G.— Imp., g., Ss. ..1928!
JJuK Ho. 8I1. A All.- Gold 58.. 1937' "93" 94"
>,. Temi. Va. A Ga.-lst, 78...
1900, 1241s 126
XdTislonal 5s
1930 110 112
iBtext.. gold, 5a
1937'
No
1st, trn.st, gold, 53
19871
Kan. City
S.— Ist, 68, g.l916
Ft. 8.
V. B. Bg.— 1st, 68.1910;
St. L. K. ASo.
1st, 6s.l916i
891a
Syra. Bliig. A N. Y.-lst, 7a;i906i
l8t, 7s
135
1018!
Morns A Essex— Ist, 78.... 1914 132
USH.1491a Nash. Chat. A St. 1..— 2d, 6s. .1901
J'^-'x
1891 106 107
New
Orleans A Gulf— l.st, 68 .19261
Konds, 78
1900 122
N. O. A. No. E.— Pr. 1., g., 68.. 19161
7«of
A
1919
1895
Equipment, 7s
j
1926;
1871
idi"
1st, 6s, P. C.
!
A On. Midland-lst,"6s;i914 81
90
Del. Lack. A W.-Convert. 7a,1892
108 13
Mortgage
78
86 14
2d mort., 58
1934 40
Mexican National— ist, g., 69.1927 IOII9 104
2d, income, 68, "A"
1917;
62
2d, income, 68, "B"
17
1917!
1909
1271a Michigan Central- 6s
Coupon, 5s
1931 112
Jack. Lan. A Sag.— 63
a-i^ 124
1891 102is 104
Milw.US.AW.— E.\t. AImp.,58.'29l 105
11419
Michigan Division, 1st, 68. .1924 117
118
120
Ashland Divisian- 1st, 6s ..1925 116
124
Incomes
105
102
Mlnn.ASt.L.— I'a Ex., 1st, 78.1909;' 85
102
1891* 52
2d mortg., 7s
1910;* 77ia
Southwest Ext.— Ist, 78
105
122I3
1921* 82
Pacific Ext.— Ist, 63
Impr. A equipment. 6s
1922,' 50
60
Minn. A Pac.--li.t ninrtg., 58.1936;
107
Minn.S.Ste. M. AAtl.— I8t,5a.l926l
104
Co Orado .MIdl.ind-lst, g., 6s.l93(!
t «'>i'"'"a A Grecn.-l at,
6s. .. 1916 101
2d,
6s
6s, gold. ..1921;
86
AShawt.— 1st g. 4S....1932 82
15
St. Louis A Chic— Ist, con. 6s 1927
St, L. A I. M.— Ark. Br.,lat,78.1895| 106
St. Louis A San Francisco—
Car.
[
'
t I.Col. Cin A Ind.— Ist, 7a,8.f.l809 '
Consoi. sink, fund, 7s
1914'
V.-GoM, 58... 10381
f.!*;'!;- f ^Vl'i;
Col
A At.— 1st,
Nash. Flor. A S. 1st gu. 58.,1937
Lou. N. O. A Tex.— Ist, 4s. ...19.34
100
82
Chi.St.L.APad.— Ist,gd.g.58l917
St. Louia So.— lat, gd. g 4s. 1931
.
116
2d 33
1980 65
Nashv. A Decatur— istV7s! !l900
S. AN. Ala.— S. f., 69
1910,
•Chicago
801a
Rome W.AOg.Term.—l8tg.5s,l 918!
St. Jos. A Gr. la.— 2d inc
1925 30
Kan. C. A Omaha— 1st, 5s.. 1927 "45" "ss'"
St, L. Al. A T. H.—Div. bonds 1894;
55
Bellev. A 80. 111.— 1st, 88. ..18961 117
Bellev. A Car.— 1st, 6.s
1923 110
82
123
.
N. Y. A M. Beach— 1st, 78.. 1897
N. Y. B. A M. B.— Ist, g.,5s.l935|
Brooklyn A Mont.— l.sf, 6S..191]
1st, 5s
1911
Smithtow-nAPt.Jeff.- l8t,7s 190ll
Louis. ANash.— Cecil.Br., 78 .1907
N.O.AM.—1st, 6s
1930
N. O. A M. -2d, 6s
19.30
Pensacola Division, 6s
1920
St. Lonis Division, 1st, 6s... 1921
100
101
j
Ricb.A W.P.Ter.— Cou.c.t.,.5s.l914
Mahon'g Coal RR.— 1st, 58.1934 1C7 no
104% Litchf. Car.A West.— 1st 6s. g.l916
98
1898 120
1071a Long Island- 1st, 7s
N. Y. A R'way B.— 1st, g. 58. 1927 "25' 104
2d mortg., inc
1927
103"
1
1916
B.W.AO.— No. AM.lstg.gu.5s. 1916
101
118'4 119'fl
1041,
100
6s,g.l916i
A Danv.— Debenture 68.1927 100
Atl. A Char.— 1st, pref., 7s.. 1897
Cleve. P. A A.— 7s
1892| 106
Buff. A Er.— Now bonds, 7s. 1898
102
Kal. A W. Pigeon— 1st, 7s... 1890|'
132
Det, M. AT.— 1st, 73
1906
Lake Shore— Div. bonds, 78. 1899 II912
" iio'
1st,
2d income, 6s
A W.— 1st pf.,58..1938
A West.- 2d, 58.. 1938
.
A
A
A Ariz. Cent.
Rich.
1948
2d M., inc. 58
Iowa Central— 1st gold, 58. .1938 86
Kan. C. Wvan. A N. W.— 1 St, 58. 1938
Kings Co. Elev.-8er. A, Ist ,5sl925
Lake Shore A Mich So.—
1^
127
125
124
Pacific Div., 6s.. 1910
Chic. A Mo. Riv. Div., 58...1926
Mineral Point Div. .5s
1910
1;. A L. Sup. Div., 5s
1921
Fargo A South., 6s, Assu. 1924i
Inc. conv. sink, fund, .5s
1916
Dakota A Gt. South., 5s.... 1916
Presc't
47I2
18
I.B.AW., con. inc. Trust reiceipts.
105
1261i Ind. D. A Spr.— Ist 7s, ex. cp.l906 102
Ind. Dec. A West.-M. 5s
1947
119
126
116
120
A
101
77
C!ed. Falls A Minn.— 1st, 78.. 1907
Ind.Bloom.AW.— lat, pret. 78.1900 117
i
117
145
Pitts. Painsv.
F.— Ist, 58... 1916
Pitts. Y.
Ash.— l8t, 58
1927
95
'
lBt,78,|g., R.D
1902!
Ist, La Crosse Division, 78.1893
l9t,I.AM.,7s
1897'
let, I. A D.,7s
1899>
l8t,C. AM., 78
1903:
Ist, I. & D. Extension, 7s... 1908'
l8t. Southwest Div., 68
1909
l8t, La C. A Dav., 5s
1919
1st, H. A D.,7s
1910
Ist. H. A D., 5s
1910
112
97
98I9 "99"
iif
.
I
313
110
2d, 78
1912 ...... 145 i^
106%
3d, 78
1912,
103
Clev. A P.—Cons., s. fd., 78.19<W
4th, sink, fund, 6s
1 892 105 la
98>a
90
St.L. V. AT. H.— 1st, gu., 73.1897 115
1898 nooia
2d, 7s
1898 10912
2d, guar., 7s
1161a Peoria A Pek. Uion— lat, 6s ..1921 110
65
115
dfii
2d mortg., 4ias
1921
19321
Pine Creek Railway— 6s
122
Pitts. Cleve. A Tol.— Ist, 68.. .1922
Pitts. Junction— 1st 6s
82
1922; 109
Pitta. Mc. K. AY.— Ist 6s
109
1932 115
I
Chic.MU. A St. P.— Ist, 8s,P.D.1898 125
2d, 7 3-lO.s, P. D..
18981 117
108 lain
;
&
—
IO213 104
1898
ims
1911 122 1241a
1905 111%112
1932
1936 100
85
1937
.5s. 1927
Pifts.C. A St. I,.— 1st, cp., 78. 1900
Pitts. Ft. W.
C.-l8t, 78.. .1912,
'
Ohio Ind.
Ohio Ind.
.
s. f., 78..
Div.— l8t 7s
Ohio River BR.— Ist, Ss
General mort., gold, .58
Oregon A California— 1st,
Pennsvlvania RR.—
118
..
Chic. Bnrl. A Nor.— Deb. 6s. ..1896'
Chlo. Burling. A Q.— .>3, s. f..l90l! 104 12
Iowa Div.—Sink, fund, 58.. 19191
Sinking fund, 4s
1919 "96 ii
Plain, 4a
9214I
19.21;
Ask.
92
114
..Eureka Springs R'y— lst,68.g.l933 118
I
Bid.
L—
Hackeusack Water— 1st. 53. .1926 'idi"
Hender.sou Bridge— 1st g. 63.1931 108
"is,"
1901
Iron .Steamboat Co.— 6s
James River Val.— Ist, 6s.. .19,36'
108
Spokane A Pal.— 1st, 68
1936
los's! People's ias A Coke / 1st g.6s.l901
2d g. 63,1904 1 ii) 102
Co.. Chicago
St. Paul A N. P.— Gi'u., 6s.. 1923 120
121
IO214
Philadelphia Co.— 1st 3. f. 6a. 1898
HclenaARedM'n— lst,g.,6s.l937, 100
DuluthAMauitoba— l.st,g.68l036 lOGly ids" West, Union Tel.— Coup. 7s... 190(;|
'104
6^.1908
Gen.
a.f.
Fuel—
Diil.A.Man.Dak.Div.— Iat«9l937 106 14! 109's' Whitebr'st
price Friday; these are the latest quotations
(
I
made
this w,..k.
>
October
New fork
THE CHRONICLE.
l8^9
5,
431
Bank Statement for the week ending Sept.
We omit two ciphers (00) in all oases.
City
%nvitsimtn\
28, 1889, is as follows.
AND
Loant.
SttcU.
1,651.2
11,910,0
1,24(>.«
T«i),2
9.71'2,0
1,8:0,0
1,223.0
1.013,0
Capital. Surplw.
bantks.
omUted.)
DtpoHU.
Lttttlt.
glailroad Itttelligjcuce.
lOOf
2,000,0
2.050.0
2,000,0
2,000,0
3,000,0
Manhattan Co
ICercliants'
ICeotaanioa'
America
•
s
$
New York...
Sftnk ot
1,87.'H,6
642.8
l.OOO.Oj
1,000,01 2,308.7
208,-1
1,000,01
Pbenlx.
City
Tradesmen's
Obemlcal
Merohants* Exob'nge
BaUatln N»Uonal
300.0
600,0'
1,0(10,0
Bntohera' A Drovers'.
eobanlos' A Traders
300,0
200,0
200,0
600,0
300,0
1,200,0
5,000,0
8,000,0
1,000,0
1,000,0
422,7
1,500,0
450,0
200,0
700,0
1,000,0
500,0
600,0
600.0
7S0,0
500,0
600,0
1,000,0
1,000,0
300,0
1.500.0
2,000.0
240,0
M
Oreenwiob
Leatber Mannfact'rs.
Seventh National
State o( New York...
American Excbange..
Commerce
Broadway
Mercantile
Paolflo
RepnbUo
Chatbam.....
Peoples'
Nortb America.
Hauover
Irving
Citizens'
Nassau
Market
A Fulton
Nicholas
Sboe & Leather
Corn Exchange
Continental
8t.
Oriental.
Importers' <fe Traders
r«rk
Noitb River
SBit River....
2511.0
3,'200,0
Nations!.. ..
OentTfli National
Se<'nad?)itlonL\
Nil lb National
First ^itlonal
Third National
N. Y. Nat'l Eiobango
^«-*irtb
6,941,0
108,5
1,3»4,8
275,3
222,2
lOS.n
526,1
H9,l
506,4
1,602,9
3,119,1
l,533,a
743.0
350,9
838,2
684,3
256,0
482,0
1.202,6
258,8
374,9
isn.o
883.1
202.7
220,3
l,105,«
2;9,0
366.3
4,292,6
Ayenne
Qerman Exchange...
250,0
200,U
750,0
500,0
lOO.O
200,0
Bermania
200,0l
.381,5
500,0
300.0
200,0
150,0
300.0
200,0
500,0
200,0
3,500.0
517.7
234,3
280.7
258,3
482,3
230,1
127,0
82.5
221,5
2,000,0
300,0
750,0
5j0,0
1,0)0,0
300,0
Bowery
New York County.
Qerman- American
Chase National... ..
Fifth
Tnlted States
Lincoln
Qarfleld
Fifth National
Bank of the Metrop.
Blite
Seaboard
,
Sixth National.
Western National
Total
L'ajntal
Sept.
14..
"
"
21
..
-.8...
22,533,5
3.509.6
6,261.8
1,997.6
2,706,0
8,234,1
1,300,9
3,488,3
1,436,3
3,720.6
17.970,0
19,214.6
5,701,9
7,537,6
2,929,1
150,7
423,4
3»7,4
251,9
1,978,0
1,026,5
1,008,4
1,480.9
341,0
3,078.8
964,9
318,6
308,2
3,483,8
480.8
746.4
488,9
116,0
22,448,2
20,3.52,2
3,('95.7
7,077,11
1,429,4
2,466,4
2.636,0
2 811.9
9,881,9
3.863,5
2,961,8
2,810,2
4,.'>49.7
3.014,9
3,050,3
1,626,4
3,923,9
2,329.0
2,961,0
1,932,1
11.603,4
1,217,0
2,505,6
271,3
9'i'2,7
241,0
228,5
369,5
1«»,8
789,8
730,4
337,0
370.9
211,9
299,9
118,2
430,0
236,0
679,4
353.2
44'2,5
265,2
371,6
967,8
149,1
473,0
769,3
487,6
144,2
3,559.6
2,116,4
1,2*1,6
17,016,7
8,167,0
4,131,0
6!32',2
21 566,9
Loam,
Lfgnix.
Specie.
115.392.8 406.241, 9'69.578.8
113.392.8 406.832.3176,478.3
115.387.8 409,703,2 74,336,8
115,387,8'409,802,3 70.998.0
115,387,8 409,311.7 69,574,0
7...
••
37»',6
84,4
1(1,958,6
'2,655,3
27,007.3
3.'J34,2
4,153.2
l.i'80.5
1,264,11
2,743,9
1,608,3
2,876,8
14,896,0
14,060.9
4,687,9
8,324,3
2,084,5
12,489,8
6,093,4
3,014,4
6.127,9
16,197,5
2,'225,8
],e84,3
119,8
22, E 07,
•2,361,4
24n,3
1'29,3
1,502,6
1.437,6
16,575.7
833
8,798,0
324,0
5,026.0
348,3
6,601 7
1,961.0 20.910,4
797.0
7,793,2
229.3
107 7
1.352.6
463 0'
216.0,
2.593.2
760,01
181.5
3.24M.5
316,6
137,7
2.451,6
1,527,2' 1,457,6 11,611,1
956,8
118,9
4,088.0
220,0
565,0
3.380,6
22 S9
285,0
3.18.-,
1.240,8
62,5
5,392,5
731,3
373,2
3,836,
402.5
349,9
3,475,1
332,4
22i',0
1,895,8
800.2
312,9
4,524,9
426,0
27'),0
2.673,0
416.0
.3,716,0
495,0
350.0
110,0
2,009,0
1,750,0 1.329,2 10,987,9
Devosita.
Ci^c^Vn Clearinoa.
40,061.8 419, 399,3 S.923.5
37.792.1 424, 572.1 3.964,6
38,876,1 424 30.8,513,975,7
36,023,5,420! 168,43,933,9
35,692,8 417 324,23,948,1
628.889.1
627,373.8
701,255.7
662,! 91,7
634,910.0
Boston.'
Sept. 14 ..
••
21...
"
28...
65,544.9 155,294,8 10,632,8
65.544 9 155.691.0 10.466.3
65.544,9 155,'i33,6 10,522,1
Phila
1,740,0
4,957,1
5,'205.7
,366.6 2.545,o'
,173,0 2,543,3
,014,0 2,539.2
79.707.9
82.132.3
79,863.6
302,0 2,133,0
64.752,8
I
Sepi. 14
35,132.3 100.574.0
25.500.0
•'
21...
35.132.3 100,302.0
24,591.0
102,0 2,126,0 74,471.4
28...
3o.l32,3 IOK.438,0
24,244,0
813,0 2,128,0 66.579.9
• iVt ointC two cipftera in aW theae flguret.
t Inuludtna. for Boston and Ptallade'Dbla. the item " due to other banks."
"
Bank Stock
BANKS.
America
List
—Latest prices this week.
BANKS.
Ask
Bid
Bid.
197
Am. Exch... 160
202
Oarfield
Asbnry
102
German Am.
German Ex. 250
Germania...
Greenwich..
270
310
Hanover
275
Parlt
Bowery
Broadway
. .
265
300
Bntchs'i&lj.'. 180
Centi'al
Chase
20()
Chatham
300
4000
490
Chemical
City
Citizens'
Columbia
Commerce.,
180
175
196
108
•280
Ol-iental
Paiitic
I
Park
1
185
!
'
.
Merch'tsBx.
[Metropolitan
Metroi>olis...
Mt. .Morris ..
[Murray Hill.
Ask.
....
210
)'/5
....
240
123
ViK
1384
Phenix ..
Produce Ex. lis
Republic ....175
Seaboard.... 139
325
Second
130
Seventh
Shoe .SLeath., 160
250
Sixth
117
......
......
-...-.
......
155
Nicholas. r22
State of N.Y. no
125
Third
Tradesmen's. 100
120
130
101
UiiilodSt'es. 215
921, 96
Western ...
West Side. 226 ...M
245
—
City Railroad Sccnrities Brokers' (quotations.
Bl'ckerSt. .t Ful.K -Stk.l 28
30
D. D E.B. AB.— Sci1p88.. 105
l9t mort. 7s., 1900
1114
142
i:6
Eighth Av.— Stock.
A
7thAv. -St'k..ll90
Ist mort.. 58, 1904
il06
103
2d mort.. 5s. 1914
B'way Surface bds... 1924:104
Buudsguar.Ss, 1905
90
Brooklyn City— Stock
160
l.^tmon., 5a, 1902
jlOS
Bkiyu. Crnsfltown~..'3i4.c* 1 95
Ist mort.. 7s, 19C8
!l08
Bnshw'k Av.(Bklyn)-8t'k 140
200
108
108
106
93
162
100
200
Central (/roHi.town~.St'k..ll40
14;
I
105
I
121
Tliinl
Br^dviay
I
.
Istrnort.,
(is,
19'22
no
ItO
,.-.
|n«
Cent. Pk.N.,feK.Riv.-Stk.!lO.;
Consols. 7». 1902
.1118
Clili."t'ph'r.tlOtbSt.- Stk. 125
Bonds, 7», 1898
|114
I'ry Dk.E.B.A Bafy— Slk 120
ls( mort. 7,. 1893
-non
128
116
123
ir>9
108
160
110
105
42d & Gr'nd St. F'ry-Stk.1190
110
Ist mort, 7s 1893
42rtSt. Manll.ct St.N.Ave. 39
116
1st moit., 6,s, 1910
59
2<i mort., Income, 6a
Hoo8t.W.St..tP.i''y-Stk. 165
108
1st mort., 7», 1894
87
Ninth Ave
Scrip, 6s, 1914
I
V
i
I
I
i
July, September
furnhhed without extra charge to
regular subscribers of the Cheosicle. Extra c^ies
all
is
are sold to subscribers of the CiiKOSid.^ ot 50 cents took,
and to others at |l per copy.
The Qen'.ral Quotations of Stocks and Bonds, occupying
six pages of ihe Chroniclb, are now published on the
third Saturday of each month.
RAILROAD EARNINGS.
Lalttl Earningt ReporUd.
41Hi
116
62
no
Second Ave.~Stock
Ist mort, 5s, 1910
01
102ia 104
]i>5
:o7
Sixth Ave.— Stock.
1st loort., 7.S, ItOO
1(15
175
243
Bonds, 7s, 1890
102
Twentytbird St.— Stock.. 225
103
let mort., 7s, 1893
106'
Ave.— Stock.
I
250
104
230
110
Jan. 1
to
LaUtl Dale.
'.Roads.
Weekorifn
Allcf^heny Val.. August.
.
Annistou
& Atl.
A Cm.
.\UJ?UHt.
.
.\URU.«t,.
.
Ashv.&Snartau.
Aujrufit,
.
Annistoii
Afcli.T. .S».Fe. 3d wk
8t.L.K.C.&<Jol. 3d wh
Gulf. Col. .(£8. F. 3d wk
Cilifor'a Cent. 3d wk
Calif or' a Sou.. 3d wk
1889,
*
215,224
« 180
9,787
12,190
Sept
Sopt
Hopt
Sppt
Sept
Sept
47(>,<!.'39
l.ObG
10 '.,3 10
17,604
10813
Total .jystemt. 3d wk
Atlanta & Char. July....
Atlanta \- W.Pt Aujrust
Atl & Danville. |Augu8t.
Atlantic .»;^ac. [3d wk Sept
B.&O.East Lines'
We.<!tern Lines
Total
Bait.
iV
Pon.m:>,c
Beech Creek
Siitt.Roch.A Pill
Camileii & All..
CnuiMlian Pacltle
Cp.F'r&Yad.Val
Ceut. Br. U. P..
Ceu.KK.&Ug.Co
Centralof N. J..
Central Pacitlc.
Central ot B.C..
Charlest'n A- Sav
Char.Col. &Aug
Chat.R'me&Ctol.
CJheraw. iV Darl
(JCbe.s.
&
Ches. O.
Ohio
.
&8. W.
EUz.Lex.&B.S.
Cheshire
Cce^. & Lenoir
,
Chic. & Atlantic.
Chic. Burl. & No
Chic. Burl. & Q.
Lines coulrTu
Chlo.& East. 111.
Chie.MU. &St.P.
Chic. AN'thw'u.
Chic. &0U. Riv.
Chip. Pe. & St. L.
Chlc.St.P.-V.&O.
Chic.&W. MlcU.
Ciu. Ga. <fc Ports.
Cin. Jack. & Mac
Cln. N. O. & T. P.
Ala. Gt. South.
N. Orl. & N. E.
Ala. & Viek.sb.
Vlcks. Sh. & P.
Erlantrer Sy si
;215
.!l35
St.
325
250
250
[Nassao
164
New York.. .1240
People's
186
month—viz., January, March, May,
and November, and
Chic.St.P.&K.C
Bid
N, America.. 182
Nortb River. 142
...
River.. 142
.
1
i
140
Leather Mfs' 230
Lincoln
250
Madison .Sq.. 110
Qif anbattan.
175
Market* Pul 200
MechanlcH*.. 200
M'chs'&Trs'. 205
Mercantile.
205
Merchants'.. 105
190
i24
BANKS.
N.Y. Coanty. 450
N.Y.Nat.Ex. 127
150
Ninth
400
;lm. ATrad's' 540
Irving.
200
Commercial.
115
Continental . 1'28
:32
Corn Kxcb... 230
East Hiver.. 170
175
nth Ward... 150
Fifth
250
Fifth Ave... 1100
First
2000
14tli Street.. 160
Fourth
16r~, 16t-'o
Gallatin
Hml
145
Ask..
other
2,94,=->,0
2,848,1
3,246,0
4,309,7
1.791,5
3,478.0
0,089.8
6,232.9
1,950,1
23.024,3
2,725,6
1,288,0
961,0
1,021,5
3,2J9.9
1.210.0
The Investors' Supplkmknt, a pamphlet of 1!J0 pages
contains extended tables of the Funded Debt of States and
Cities and of the Stocks and Bonds of Railroads and other
Companies. It is published on the last Saturday of every
3,025,0
uc
SurtdU9.
N. fork.
Ang. 31...
214.0
789,0
174,8
758.6
440,9
317,3
87,6
366,0
110,2
286,0
47,8
280,8
971,0
2.963.9
11,370.0
9,284,0
7,711,3
8,178,0
10.876,3
4,008,0
60,782.7 54.625.1 409.311.7 69 •'>74.0!35.692.K 417.324.2
.
BAXK8.
1,150,1
3,0' 8.9
2,(127.0
2,043.2
lli.l
121,0
l,33f,4
641,0
1,564,6
4,<l:<.0
4.859,5
2,394,7
6.131.6
16.1.- 8.9
2,887.0
2,893,4
2.836,9
3,955,4
2,014,6
2.843,0
5,926.0
4,723,9
721.0
1,098,9
l,;i03.0
10,097.8
ll,57-/.l
507,3
223,2
284,9
6,157,4
248,2
132,0
394,7
157,6
217.6
379,7
717,1
423 2
West
7.467,4
0.616.0
11.249.1
1.636,9
*
1,220,0
W
Cin. Rich. A: Ft.
Ciu. Sel. & Mob.
Cln.Wab.AMieh
Cin.Wa.ih.A- Ball
CIcv.Akriiii&Col
Clev. & Canton..
fCI.Ciu.Ch.&.s.I.
Clev. * Marietta
Color. Midland.
Col.
Col.
Col.
& Grecnv
& Ciu. Jlid..
.
Hock. V. AT.
Coving.* Mac'n.
Da.v.Ft.W.ACh..
634:,,505
112,281
31 801
39,(X)0
1888.
185,713
6,155
1,519,569 1,327,6«4
61,818
68,074
73,409
'ii,9i)->
77,104
73,442
458,898 13,781,971
1.116
44,(M50
79,546 2,438,113 1,942,034
21,330
739,831
14,614
540,7-1 1,168,851
6li5,o42 18,585,578 17,650,415
91,0.53
8i'2,0.->l
715,986
26,309
257,918
247.318
•2.>,487
52.198
53,903 1,902 l;i8 I,r87,(-C8
1,660,601 1,583,108 10,809.654 10,183,2'20
AUKUst.
445,716 372,342 3,167,813 2,989,538
2,1C6,317 1,955,450 13.977,467 13,172,758
Aufrust.
1 :5,17i)
133,940 1,047,834 1,006.524
.Vutfust.
77,4n3
August.
73.249
511,353
618.023
52,650
4 th wk Sep
.50.689 1,435,903 1.437,962
1 47,368
.Vugust.
154,495
536,368
507,243
4th wk Sep 413,000 329,000 10,649,, 78 9.371,429
/i^ugust
30,016
28,025
247,597
204, '290
July
52.477
68,157
382.273
480.660
581,801
July
499,003 4,009,461 3.768.702
Aupiist
1.369,030 1,3(J9.315 8,722,034 8.381,613
July
1,484,030 1,385,438 8,601,927 8,645,567
July
6,640
6,957
56,812
88,165
.\UgU8t
34,964
35,153
398,168
372,957
69,068
August
71.495
557,788
563,924
August
23,750
10,348
162,518
July
5,344
4.180
43,641
41,787
Augiist
611,000 474,000 3.795.081 3,336,166
Atigust
194,740 169.983 1.316,604 J,2C1.294
June
77,207
56,391
391,047
457,111
60,996
J unc
50,835
296,sr9
266,507
July
5,770
5,816
40,337
41,315
50,181
46,071 1,540.660 1,617,728
3d wk Sept
160,666 178.'248 1,09-2.961
July....
973,610
August.
2,580,806 2,273,703 16,631,733 14,113,169
August.
681,410 534,080 4,648.7.50 3,555.073
62,000
62,210 1,905,547 1,937,297
4th wk Sep
4th wk Sep 780,000 837,850 17,849,008 17.035.499
2,295,^291
August
2,575,104
15.953.467 15,9'22,384
August
7,412
6.795
47,521
32,548
•27,080
July
30,691
195.364
170.898
84,564
•2d wk Sept
58,467 2,123,580 1,536,681
576,160 605,508 3.8'2'2,845 3,ii50,403
\i gust
2,-',312
3d wk Sept
26,164
975.37
1,009,593
August
6,686
6,813
40,532
40.994
13,357
12,212
3d wk Sept
431,518
376,659
7i),597
73,621 2,68'2,250 2,57'2,161
3d wk Sept
36,189
3d wk Sept
29,647 1,278,998 1,064,397
20,405
16,040
684,302
577.704
3d wk Sept
9,98 4
7,349
377.955
309,558
3d wk Sept
10,730
8,574
373,514
3d wk Sept
343,320
3d wk Sept 156,905 1 35,^231 5,397,019 4.867,139
8,186
317,622
•291,707
8,812
3d wk Sept
7,730
August. .
5,484
59,774
65,907
48.871
56,427
344,206
.\UgU8t.
312,279
47,425
47.202 1,495,267 1,471,383
3d wk Sept
5'27,165
1 (i,357
16,759
3d wk Sopt
474,407
275,8-24
43,459
34.382
August
249,355
3d wk Sept 266,773 281,923 6,571,776 6,231.487
24.020
22.998
163,307
.Vugust
177,531
31.482
29.596 1,167,004
3d wk Sept
944.557
56.038
49,061
377.8'28
August
439,617
11.466
8,587
242,433
251,132
3d wk Sept
61,830
76,318 1,551,686 1,817,933
Ithwk Aug
3,965
52,923
July....
7,935
23,309
42,678
August.
50,111
315,766
265.955
4th wk Sep 2-29,400 218,300 5,740,813 5,653,663
620,416
.8.593
7,311
346,8-29
27.<)03
22,887
47.272
115,592
7,263
21,673
535.398
377,250
78 ,868
1,353 ,622
4,2§6 ,121
,067.588
.900.321
182.111
49,158
14(1,135
8.5-'9
2 2,1..3
56.5,770
.
45,185
18,328
23,7^2
123.080
28,721
"
46,(iiM>
.
0.91.-I
46
4,1 >6
78,2S7>
21,774!
AGr.Tr. WkSopt.lt
Dct.tJr.ll.&M. \V!t.Scpt.l4
iui.v
109,059
37,673
489,719
75,260
10-2,497
Det.Lan.s'g<tNoi3d wk Sept
OuiuthS.S.AAtlllth wk.Scp
E.Tomi.Va.A-Oa. 3dwk Sept
Evans.&Ind'plis 4th wk Sep
Evansv. & T. H. 4thwk.Sep
Pltchburg
August.
Flint. & P. Marq. 3d wk Sept
~
Plor. Cent. & P. ~
3d' wk Sept
Ft. W. Cin. &L. Jidy
Georgia Pacinc August
Geo. So. & Fla.. '.Vugust
Gr. Rap. * lud. 3d wk Sopt
Other linos ... 3d wk Sept
Grand Trunk. .. WkSept.'21
Ilout^atoiiic
1889.
Au.iiUSt...
Denv. & Rio Gr.
Denv.S.P'k&Pac July
/Den.Tx.* F.W. 3d wk Sept
Det.Bay C.&Alp 3d wk Sept
Chie.
1888.
i
118,19::'
707.874
217 ,000
641.413
053,,232
,445,415
3,734,,448.
,749,630
43,161 1.7)8,,079j
722,678
787,,8001
12,032
'22,686!
148.416
163,,696
795,265
854,,872;
101,621
4,'253
177,,868
45,488' 1,671,,068!
.(<25.l9i
144, 530
144,878
4,208
45X.5 -2 14,056, 746 13 .085,610
54.612 2.448, 705| 2 ,212.933
i
23,808;
107,937
706, 724
635. 990
758.877
592.884
THE CHRONICLE.
432
Latat Kamxngi Reported.
Jan. 1
to Latett Date.
Latest
BOADS.
Wefkorlto]
1888.
1889.
$
I
Hous.&Tcx.Ccii.iAugnst....)
Humc8t'n&t<ben August
1888.
280,139
15.000
1,177.834
Cellar I'.&Mln. August....
8,075
Dull. ASio'xU. AuKHst
145.207
Ill.Ccii.dll.A'So.l'AajruHt.....
11.5921
016.39<i
8,54(1
Saminge
Xo
Iteekor
Jan.
Raporletl.
1 to Latest
Date
1889
1
1,6<K).959|
8H.8(I5|
1,396,093
91,786
Union
s.(ii.">.ii."i;f
7.3.')(>,3.")6
Utah Nevada. .Inly
Utah & North'u. July
Valley of Ohio.. August
Vermont Valley August
Virginia Mldl'd. August
a Wabash
3d wk Sept
Wash. 0.& West. August
Western of Ala. August
;:!
ii(',19S
1,(130.773
1,043.0^7
1, 103.2^3
8.459.639
5-^.1)1
132,032
BOADS.
1888.
S
220,001
[Vol. XLIX.
153,282 140,.',71 1,094, S3ti
Iowa liuc'8
(Aiiiriist
Totulall ....'Aiidiist.... 1,331. llfi 1,150,908 9,740,489
243,5.->7
Tnd.Deo.JtWost. A\iijust....
43,157
237,421
45,137
Int. &(lt. Niir... July
253,740 210,149 1,777,710 1,505,800
i)89,S33
Iowa tViitral... -IthwkSep
36,021
31,426 1,00 1,485
304.430
J'ks'iiv.T.&K.W.july
.305.124
105.207
Kanawha* Oliinlad \vk Sept
197,117
6,774
6,210
K.C.F.Si. & Meiu.l'.'d v.'k Sept
89,087
87,293 3,240,551 2,S9(!.l)ll
182,057
5,368
5,857
182,403
Kan. C. n. <t Sp
wk Sept
19,081
K.C. Jfcni. & liir. 2d wk Sept
13,518
1 70.701
29,682
38,900
265,570
K. C. W y. & N.W August. . .
019.153
112,066 105.720
Kentuekv Cent Ausnst
050,375
215.300
7,2.^6
224,738
Keokuk & West. 2dwk Sept
7,834
137,024
3,019
135 173
Kiiisrst'u & Pcin. :t'i wk Sept
4,566
277,207
44.568
323.56C
Kno.xv. & Olilo. July
39,848
So
37,244
All.
<fe
5.170
39,420
Erie
5.777
I«
August
55,655
52,877 1,779,042 l,49:i,(!45
J.. Eric & West.. 3dwk Sept
103,708
I^higli & Hud.. Aueu.st
30,319
I
80,776
25,128
474.202
11,229
399,179
I.. Rock & Mem
13,030
sd wk Sept
Long Island
475,728 451.773 2,353.002 2,30(',005
.\ngu8t
41,20245,326
39,707
233,501
La. & Mo. River. July...
'24,747
Louis.Ev.&St.I.. 3dwk Sept
24,S34
l.,ouisv.&Nasliv. 3dwk Sept
373,075 325,985 12.490,588 11,395.292
I-ouis. N. Alt Vh. 3d wk Sept
48,053
53,477 1.712,789 1,585,712
I.onjsv.N.O. iVcT. ttbwkSep
78,112
34,905 1,846,254 1,580,803
Lou. St.L.&Tex. .Septemb'r,
32,939
27,3'23
Ix)ulsv. SoutU'n. August
37,000
Memphis & Clia.-^ 3d wk Sept
37,137
25,434 1,190.698 1,099,010
151..543
151,126 4,503,372 4,310,918
J Mexican Cent... IthwkSep
310,378 176,729 2,440.809 1,500,027
{Mex. National -Vugust.
tMexiCAU K'way Wk Aug.24
73.678
00,555 2,705,027 2,023,413
Mtl.L.Sh. & Wesi I ih wk Sep
93,802
80,668 2,578,'287 2,086,508
750,8'29
Milwaukee & No 3(t w k Sept
29,000
23,748
833,853
0'2,124
Mineral Uange.. August...
9,167
9,603
70,010
831,230
Mluneap. &St.I.. .\ugiist. ..
121,48
100,181
833,335
601,309
M.St.P. * 8.S.M. August.
115,375
110,102
807,059
681,6:^
Mo. Kan. & Tex. .\ugU8t.
572,569 4,449,0.-)S 3.090.001
Mobile & Ohio .. Septemb'r. 239,044 181,779 2,145,957 1,754,098
403.0(15
444,710
Montana Union. July
59,462
71,547
328,64(1 27'2,185 2,292.7511 2,024.784
Nash. Ch.A-St.L. Augu.st.
New Bruuswick. .luly
79,794
512.4,53
477,045
75,009
131,00(1
130,219
23,550
23,800
N. Jersey & N. Y. July
98,004
New Orl. & tiull .August..
3 2,'291
10,444
104,933
3.400,984 3,273,771 23,133,048 22,740,595
N. Y. C. & H. R. August..
N. y. I.. E. & W. August..
2,778,708 ,440,706 17,513.730 17,000.140
578,,576
N. Y. Pa. & Ohio miy
554, 52r 3,493.768 3,5l7,5()l
N. V. & N. EuK. .August.
537,442 516,308 3,628,619 3,423,074
N. Y. & North'u. August.
61,550
50,933
402,675
375,983
N. Y. Ont. & W.. 4th wk Sep
48,593
43,000 1,380,05^ 1,28-1,983
145,865 14^,055
JN.Y. Su.sq. & W. August.
887,0.?7
'J28,979
Norfolk * West. 4th wk Sep 119,397 105,690 3,959,044 3,501.283
N'the.isi'n (S. C.) July.
35,694
33,651
3 75,452
363,809
North'n Central, .iugust
588,080 000,20.1 3,847,19! 4,O02,()92
Northern I'acitlc- Ith wk Sep 005,177 533,022 15,192,310 12,419.313
Ohio lud. & W.. ithwkAug
37,0;)3
38,66^
911,795
935.203
Ohio & IJiss
81.750
ith wk Sep
86,104 2,943,985 2,791,890
Ohio & Nortliw.. August
21,479
17,398
120,003
137,904
Col. it May.HV. iugu.st
1,144
£30
16,667
396,92'
Ohio Hiver
11,380
322.517
3d wk Sept
46.185
Ohio Southern.. August
353,722
51,308
323,895
Oli'O Val. of Ky. ith wk Sep
2,'.t93
5,699
114.134
90,292
42,024
Omaha & SI. L.. July
31.393
263,373
221.945
Oregon Imp. Vn. August..
413,071
407,283 2,814,112 3,298,901
Orcg. R. & N. Co. July
570,959 528,094 3, .'37,911 3,320.972
Oreg. Shoit I/iue July
317,862 222,094 1,780,238 1.397,870
Pcunsylv•ani^ .. August
5,993,964 5,390,039 39,239,875 38,071,550
21,52'1
Peoria Dec.&Kv. 4th wkSep
530,77(1
27,701
510,312
Petersburg
Aueust
34,908
31,621
323,612
290,538
Phila. it Krio... July
481,758 440,468 2,442,493 2,338,042
Pblla.& Read's. August.... 1,901,599 1.904,416
Pittsb. & Wesf'n August
137,741
126,719
927,648
817,437
30'i.353
Pitts.Clev. A T. August. .
44.618
335,02(
48,538
Pitt«.Pain.&f. Aufust
30,596
27,003
199.742
163,175
Total system IthwkSep
51.'204 1,031,127 1.469,557
47,450
Pt. Royal A: Aug. August
22,162
22,989
190,285
218,089
Pt.Roy.tfi W.Car. August. .
20,579
24,987
219,437
203,419
Pres.&Ariz.Cen. August
10,839
10,854
63,034
85,885
eR.&Dau. Sy,i<'n] 3dwk Sept 2-6,731 225,521 7,812,730 6,870.854
Rich. & Pcfersb. August.
24,812
20,459
194,210
170.371
Bio Or. West. 3d wk Sept
33,750
1,031.379
913,497
Bouie \V. itOgd. July....
343.483 300!398 1,882,760 ],79'J,0'.5
79fi,788
Bt. Jos. &. G. Isi 4th wk Sep
26,987
39,139
855,441
Bt.L.A.&T.II.B's 3dwk Sept
030.1-4
27,930
20,6.^6
733,345
8t.L. Ark. & Tex. Iih wk Sep
144,310
86,147 2.411,130 2,020,155
St.L.it San Fran. 4th wk Sep
199,100 loi.-'.sg 4,253,202 4,000,985
Bt.PauUtUul'th .Vugust
129,767 l(i5,535
754,21
977,003
Bt.P.Min.it Mnn. .\ugust
645.182 789,995 4,661,655 5,705,302
East, of Minn. August
58.000
Montana Cent. August
82,983
40,001
B.Ant.dtAr.l'ass. 3d wk Sept
25,1844,716
082,OOil
877,538
8. Fran.&N.Pac.llst wk Sep
18,116
1 5,77
8av. Am. & Mon. 'August
14,415
7.706
ii4,.59e
55.310
Bvioto Valley... .Inly...
355,5'>0
52.789
304,974
55,204
Seattle 1.. S. i E. 'Jd wk Sept
183.08i
0,845
3.183
Shenandoah Val Seplemb'r, 102,0(10
682.8'29
70,117
d-io,iV2
Bojth Carolina .lAugust
821,313
98,1)79
91,378
7os,--y2
M
August
Pacific...
'
Total systcml,. July
ifc
West. N.Y. & Pa.
West. N. Cav'l'a.
West Jersey
W.V.Ccn.&Pitts.
4th
wk Sep
August
August
August
Wheeling & L.E. 4th wk Sep
Wil. Col. & Aug. July
Wisconsin Cent.
3(1
wk
Sept
Inclu'ling lines in which half ownership is held.
! Mexican currency,
n Wabash E'way now included.
b Includes the Memphis
division in 1889.
c Earnings of entire system, ineludiugall road operated. (/ Richmond & Allegheny imiuded in both years, j Includes Fort
Worth & O. C. for first three mouths in both years.
t
.
.
Latest (}ros8 Earuinss by Weeks.—The latest weekly earnings in the foregoing table are separately samtned up as follows:
For the fourth week of September only a very few roads
(28) have yet reported, but these show 9-48 per cent gain over
the corresponding week last year.
.
.
.
.
.
ilh vteek of September.
Buffalo Roch.&Pittsburg.
Canadian PaclHc
hic.
Bo. Pacitlc
Vu.—
I
Oal.Ilar.it.s.A. August....
I
Louis'a West.
August
Morgan's I. d-T. 'August
.
325,531
94,559
348,i)i»"
N.Y.T.&Mex.l August....
14,076
305.072
90,493
358,041
15,215
137,017
2,406,552
073,321
3,118.985
93,1
-29
2,425,905
000.015
3,131,070
77.0(;3
Tex. & N. Orl. August..
liJ4,I
1.050,725
910,089
Atlantic Rys'm'Aug<i8t.
937,340 005,8391 7,342,714 7,152,308
PaelBc system July
..3,128,458 2,947,409 18,898,'-'42 19,549,542
Totalof all-. -July
..4,026,134 3,739,059-25,803,015 23,796,011
Bo. Pac. lil!.—
No. Div. (Cal.)'july
231,203 206,9391 1,182,46
1,095,831
So. Div. (Cal.) July
5'27,20l
512.1431 3.487,504 3,900,002
Arizona Div..'july
128,17(1
149,572: 1.004,913 l,'J8o,070
Kcw Mex. l)iv. July
60O,,')S7
09,587
59,7481
554,439
Bpar. Un. & Col. July
7,845
5,8511
63.084
53.751
Btaten I. Rap. T. August
127,151
131,921
601,397
640,117
Bummit Braneh. lAugust
92,437
772,3'20
lt5,,577l
957,910
Lykcns Valle\ August
0,'4.2f.2
91,692
527,761
70,4831
Tcxa« it Paeiilc. 3d wk Sept 127,098; 127,018 4,2.il,350 4,201,(i97
Tol. A. A.it N. M.; 1th wk Sep
20,295
22.773
469.18:)
6u7.432
Tol. Col. iVCln..l4thwk8ei.
0.310
4,186
182,469
133,437
Tol.i Ohio Cent.'Ith wk Sep
32,004
33.929
877,119
857,510
Tol.A O.Ccn.Ex.'Augnst.
50,(l.">4
8,231
82,508
8,042
Tol. P. it West. dd wk SeptI
6'23,193
22,674
20,175
639,250
Tol. St. I., it K.C. Ith wk Sep
740,1 15
28,8 42
18,711
385,117
*
East. lUniois
Chicago Mil. A St. Paul...
Denver & Rio Grande.
.
DuluthS.S.&
Atlantic...
& Indlauap...
& T. H
tivansvllle
EvansvlUe
Iowa Central
Li<mi8vUl6 N. O.
Texas
<fe
.Mexican Central
Milwaukee
L.
Sh.&West.
N.Y. Out. & West
Norfolk & Western
Northern Pacific
Ohio & Mississippi
Ohio Valley of Kentucky.
feoria Dec. & Evans
Pitts. & West., tot. sysi'm
St.
St.
St.
Joseph
A
Gr. Island...
Louis Ark. & Texas..
Louis <t San Fran
Toledo Ann A. & No. Mich
Toledo Col. & Cin
Coiwlo & Ohio Central ..
Toledo St. L. & Kan. C...
Western N. Y. &Penn
{^heeling &. Lake Erie
Total (28 roadsl
Nit increase
(9'-i8 p.
Jfo»i
th.
Increase.
Decree St.
9
8
S
50.689
329,000
52.650
443,000
62,600
1,961
114,000
10
390
ii,io6
49,1.-8
837,850
218.. 00
47,272
8,529
22,153
30,621
79,112
7,'203
1,266
21.073
31.420
34.905
5.195
43.207
151,34;^
151,12r.
417
93.802
48,593
80,008
13,134
4.i03
13,707
72,155
6-,?
780,('0li
229,4(0
,2
105,090
177
81.750
5,099
21.522
47.450
20,9»7
5;^3.022
80. 1 04
57,S50
480
4.354
0.179
;;.8i4
2,152
58.193
7.561
3,522
2,130
1,865
10,131
191,.33!-
6.310
33.929
28.842
93.200
23,093
2^,773
4.180
32,004
18,711
88,300
2v,837
3,521,256
3,210,452
6,90('
2,'256
Gross caruhms (35 roads)..
for the
month is
1889.
...$10,OiO,772
74,349
379,155
301.806
c.K.
of September.
••.. ...
2,700
2.993
27,701
51,204
29.139
80,147
144,340
199,100
20.-95
... ....
l,>-86
43.00.)
119,31>7
60.".,
The aggregate on 35 roads
as follows:
1888,
$14,073,729
liicretxe.
$1,357,043
For the third week of September 84 roads have reported
altogether, the gain being 12'37 per cent.
3d meek of September.
.
.
1888.
9
.
. .
1889.
Prev'ly report'd |47 roads)
AtchT&S.F.&L'sed
St Louis K. C.
&
I's.
& Col
. .
Santa Fe
...
oruia Central
Califorui* Southern.
..
Gulf Col.
Ciili
Cin. N. 0. it T. P. (3 r'ds).
Clu. Wash. & Bait
Ulevelaud Akron
Cu-ve. Cin.
'Jh.
it Col...
& St. L ...
lorado Midland
R
iL
& Cm. Midland
& Fi.W.-No.Div.
Uiu. T.
Middle Division
Bouthcru Division
Detu.it Bay c. * Alpena.
EistTenn.
*
pilut
Va.&Ga
Pere Marquette...
&
Pi-niusula...
(irand Triinh<.f Cauada..
Fla. Cent.
Little
Rock
M-uiphis
it
it
Memphis
..
Charleston.
Ohio River
Itich. <t
St. L.
lianv. (8 roadf-).
Alt. it T.
H. Brchs
San Antonio & Ar. Pass..
Toledo Peoria & Western
1889.
1888.
9
S
Jtierease.
4.134.299
3,000,0.54
«
502,290
470.059
1.056
105,310
17,604
10.813
156,905
45S.8y8
11,761
47, -125
16,357
260,773
31.482
8.^87
13.736
18.9ii3
'60
29,.5yo
11,460
9,226
6,093
22.354
25.704
3,666
3,801
21,074
2'23
4C2
4.850
1,886
2.879
6,310
12900
8.51)3
7.311
18.177
1,282
ll.-.5a2
24,54;i
4^,161
12,032
458,5 2
2,024
6,2b0
5,: 64
13,o30
25,434
11,880
ii,7o:-
225..521
61,210
7,274
16,ti07
280.7'.n
m
28,645
1.110
79,540
21,330
14,014
135,231
47,2.2
16.759
261,923
140,135
45,185
18,328
461,436
11,229
37,137
40,531
Decrease.
1,801
4,7b7
27.930
41,716
22,674
20 650
23,1.87
•20,173
19.."*29
6,466,351
5.754,559
753,040
2.49a
I
i
. .
.
Total (84 roads)
Nit Increase (12-37 p, c).
41,254
7n,:9i
njf
Monthly to Latest Dates.— The tables followshow the net earnings reported this week, the raiurns
for
each road being published here as soon as received but not
.Vet Earniii!?8
,
kept standing from week to week. The figures cover the
latest months and the totals from January 1, and also the
totals for the fis ;al year on those companies whose fUcdl year
Joes not co-respond with the calendar year.
October
THE cmtomcLE.
5, i889,]
A ugu»t.
,
l-i89.
21.').22l
1888.
$
185,713
HU,48l
79,0.-).'>
Cfross. 1,421,7.'>5
1,218,737
S
Ro<uf».
Allegheny Valley
Cauadlan
Orosf.
Not...
Pacific
&
Chicago Burl.
— -—
1889.
9
at
l,.">19,.'jfin
1,327.(1114
029,173
9.16B,778
527.040
2 mouths
)Net...
N. O. & Northeast. .Gross.
Net.
July 1 to Aug. 31, (Gross.
2 months
JNet...
Alabama & Vicks.G.oss.
.
Net
..
July 1 to A ug. 3 1 J G ross
2 months
JNet...
Vlcke. 8U & Pdo
Gross
Net ..
July 1 to Aug. 31, 1 (}ro83.
2 mouths
SNi-t...
681,410
534,080
4,048,756
72,421
59,300
10,000 def 2,000
42,?00
7,000
34.373
3,000
232,000
0j8,942
83.000
143,864
20,000
349,016
79,000
82,";50
,
.
. .
Io.va Central
Gro.-s.
Net...
Kentucky Central.. .Gross.
Net...
Iiouisv. & Nashville. G'oss.
Net...
July 1 to Aug. 31, (Gross.
2 months
{Net...
Louis. N. O. & Te-tas n ross
.
N.'t
..
Mexican National. ..Gross.
Net...
& West... (i ross.
Net...
Oct. 1 to Aug. 31,"> Gross.
11 months
> Net...
Northern PaciUc
Gross.
Net...
July 1 to Aug. 31, ) Gross.
2 months
< Net...
Ohio & MlssUslppl... Gross.
Net...
July 1 to Aug. 31, (Gross.
2 months
Oregon Im^). Co
5Nct...
Gros5.
Not...
Dec. 1 to Aug. 31. (Gross.
9 mouths
JNet...
Pit Lsburg A:\Vestern G ross
Net...
July 1 to Aug. 31, ; Gross.
2 months
> Not...
.
Pitts. Clev.
&Tol... .Gross.
45,954
13,000
412,005
165,9z5
379,185
130,353
413.071
105,070
407,283
80,766
127,711
49,856
126,719
58,210
Net...
8,77rf
27,003
11,835
Net...
July 1 to Aug 31, (Gross.
2 months.
i Net...
Total System
G ross
Net...
July 1 to Ang.31, / (iross.
2 months
Net...
Bio Grande Western. Gross.
206.874
74,202
198.310
83,947
!i
Net...
Southern Pacilic Co.—
Gal. Har. & 8. Aut.Gro=s
Net...
Louisiana Wcstern.Gross.
Not...
Morgan's La.
&T. Gross.
N. Y. Texas
Net...
Mox.Gro.ss.
Net...
<t
TcxM &N.Orleans.Gioss.
Net...
Tot. All. Sytlcm.Gro.ss.
Net...
WesfnN.Y.&Penn
Oct. 1 to Aug. 31.
.(;
(
ojs.
Net...
Gross.
11 months
JNet...
Wisconsin Central. ..(iro.ss.
Net...
2,814.112
493,6i;9
3,149,094
493,901
927,648
300,571
248.141)
30,596
Gross.
j
1,731,131
2,550,385
701,2'4
•723,083
244,031
I''...Gr('.s3.
)
14,000
344.2-6
43.000
86,269
13,C00
920,407
180,111
650,375
303,086
138,497 11.5.344
61,349
9,770
]:?,0e6 105,720
70,703
59,492
1.637,277 1,345,927 11,377,913
729,92 7 487,916 4.347,907
3,085,773
1,289,273
197,848 150,929 1,019,750
44,795
24,519
411,2S9
310,378
176,729 2,440,809
42,932
8,ai8
420,350
209.8.J4
191,722 1,210,009
59,070
57,523
199.82 s
1.012,517
235,42 ^
2,091.471 1,665,291 13.103,392
948,201 629,484 5,218,031
4,016,866
44.618
13,90i
July 1 to Aug.31,
2 months
&
40,551
9,000
48,538
15,827
Net...
Pitts. Palnes.
3,.1!>.-,
&
110,008
54,947
116,815
26,726
103,802
335,020
78,591
92,236
27,056
199,742
67.803
57,5b0
20,30 7
1,163.015
506,905
397,955
151,824
937,379
349,087
219,399
531,697
2,000
280.029
20,000
66.579
5,000
317,77K
49,000
8.1,03
Louisville
&
86,91.2
24,H22
1C3.175
Tlie
found
2,022
2,022
2,110
Q,\9l
331
whicli earnings are based.
nsCAl, RKSCLTS.
1886-87.
Enniinp'PassengLTS
188i-80.
$.1,491,832
$3,S59,'.2rt
10,251483
«4. 224.41 !
1 l.O^I ,fi.^0
«»,03.i.362
8,055,801
1,02 1,325
966.576
1,054,170
1,237,71)9
^'•lght
Mail, express, &o.*..
IRaq 89
1887-88.
1L3.^.2J^
Total gross earns. ...$13,177,018 $15,08O.5-'5 $16,360,241 iTiTftOO 396
Opir'gex. (excl.tax.)
Net earnings
8,213,295
»,ai7,053
$4,903,723
$6,033,512
59 99
Perot, otex. toearn.
'
62 33
10,267,535
$
li',3:i0,085
•,092.703 "ie/JTS 311
6270
«2zl
1887-88.
Includes rents, rent of oars and englnrs, Ac.
IN COMB
Reeeiptf<et earnings
1885-86.
ACCOUNT.
Income from inveat's
$1,963,723
207,807
1S80-87.
$6,033,532
479,858
$6,092,700
6'2&.828
1888-89.
*0,273,31l
077,109
rotallncoiue
$5,171,530 $0,513,390
$6,621,.53l
$6 95l'.120
—
Disbursemenls
raxes
$370,814
15.000
lieutals
Interest
ti-orgia
iiu
debt. &o..
RK.
dettcit..
Pens. * All. RR. del
iliscpllaneous
Scockdivnd (5p.
4,202,Sol
44,815
$3«5.317
15,000
4,237,102
55,470
10,297
8,440
c.)
$527,803
$1,681,333
$1,832,052
$375,557
15.000
4,S79,'-0
$401112
15,0C0
4
1
'
3,453
238,913
59i 4'j3
23,'37B
199,4-25
1,518,000
l,594,'80O
$6,530,765
$90,769
$6,824,206
$126,214
• In 1835-6 $164,092 liicluiled In expenditures
was to bn refunded,
Inereasiug the surplus by that au.ount; In 1-86-87, $100,591 was to
be dediictoil irora iho surplus, and In 18-f -88 $218,869 to bn refundeil.
In 18fc8-?9 $424,901 to he refunded, lucreatlug the surplus by that
amount.
GKNEBAL BALANCE AT CLOSE OF EACH FISCAL TBAK.
4<»e<j—
188!i-87.
1885-86.
1837-88. <E1883-89.
Scad, eaulpm't.Ac.$38,433.il91 $G8,9.i6,i'40 $72,104,199 $73,730,00.5
Timber .fequar.lauds
598.740
43i,S10
474,('9l
522, i3t
Jtocksowned
1.7os,984
1.298,347
1.921,3)7
1.974,<3i
Honds owned
4,135,098
0,262.598
7,223,059
5,?j07.284
Stks&bas.luiidlntr'ti 9.527,878
9.527,878 12,'27,S7-i
13.;)00.878
iillsiiaec'ts.rceelv t 2,7-6,462
2.702,247
2,907,420
2,077,133
Haterial.s,fuel,&c..
l,2ia,018
920,262
1.044,803
1,089,129
Jashonhand
303,976
1,375,143
213.937
71:i.645
10. &No. .4.1a. UR..
2,071,723
178,432
615.500
933 938
fash. & Dec.RR....
018.148
63:;,140
603.591
771,H0S
>therroaas1I
635,978
2,230,913
465,812
607.937
llnklug f unrt. &o
b3;>,571
Protttandloes
2,068.606
........
Total assets
Liabilitiet
—
$93,705,275 $95,034,024 $99,834,892 $102,8i7,496
$30,000,000 $30,000,000 $31,518,000 $33,112,800
61,556.254 61,999,590 04,O4S,000
65,726,060
41.229
377,790
474.22
193.269
Interest
501,52-<
504,929
527,300
,531,509
8nndry accounts .
34,327
327,918
314.805
441,001
Juno pay-rolls.&c. 1,571,937
1,287,874
1,414.812
1.550.878
Prodt and loss
535.911
1,508.956
1,'272.779
ttock
Sonded debt*
3ill8
payable
(
Total llabilltle8$93,705,275 $95,031,024 $99,834,892 $102,837,496
6'J.319
61.309
31,185
1,283,965
89.
1.»IM)
Balance, surplus-
1,295,007
2,395,294
599,773
054,770
180,270
3,298,901
704,711
3.070,100
780,484
81-,437
303.74 >
231,101
81,110
303,353
78,772
1898
1,784
331
Total disbursements. $1,643,727
3,2<i8,87i:
1,01'i
4lO
3.539.403
V,679,359
907,515
1,432.04s
319,117
1.500.627
df 121,548
1,123,248
105,51
1,519.962
220,529
10,708,038
3,984, «13
t
The lx)nds deposited in trust have been deducted here.
Includ' 8 " due from sundry persoLS."
J
Less bonds pledged.
11
Advances, Ac.
448,8;f0
379,432
13?,217
82?,022
178,-«7
floods.
Nashville.
June
On
l<187m.
1899-7.
410
&o
10,415,3< 2
ANNUAL REPORTS.
('For the year ending
I
19.000
863,152
,825
649,153
200,302
325,531 305,072 2,406,552 2,425.965
95,493
75,872
401,989
517,703
94.559
C0i;,0'5
90,493
673.321
52,230
48,948
243.322
286,658
318.997 358,041 3,118.985 3,131,079
92.308
95,481
810,746
884,678
11,076
15,215
93,129
77.0 3
2,768 def. 1,251 def. 23,575 def. 38,!'i)7
154,175 137,017 1,050,725
910 089
72,675
52,533
358,743
239 891
937,340 905,839 7,342,714 7,152.30«
315,538 271,582 1,821,223 l,91ii,931
368.201 341,188 2.198,933 2.029,307
95,766 129,987
621,-129
427,395
3,046,117 2,760,1,00
015,509
791,173
385,644 2.594,113 2,397,553
133,381
891,997
-July.
•—Jan. 1 to July 31 1889.
1888.
1889.
1888
^
71,490
68,979
495,029
497,684
23,285
23,334
Expendltares Increased by reason of
'
^VS;''^l.eis
June 30*
Tot. ope r.
45,(iOu
12.S5.S8
.4)
L. Erie. Gross.
Net...
*
Miles leased,
0T3
,
Jtoaii.
Wheeling
.
„„
Mies owned.
8,240,482
Not...
253,839
167,099 1.349.406
577,2.50
Chic. Mil. & .St. Paul Gross. 2,212,092 2,078,677 15,299.008 14,557,332
Net...
771,723 665,775 4,035,3.55 3,129.3 iS
Jut 1 to Aug. 31, ) Gross.
4,190,119a 4,003,24'2
2 mouths
(Net...
1,375,633 1,253,422
Cin. N.O. & Tex. I'ao Gross.
366,094 312,804 2,442,797 2,3o3.40ii
Net...
155.000 103,901
769,9J2
0-6,300
July 1 to Aug. 31, (Gross.
694,170
63(i,211
N. Y. Out.
SOAI>.
1888.
Net...
602 384 419,328 3,'Ji3,8.55 1,934,227
Q... Gross. 2,!)80.800 2,273,703 10,(i31,7S3 14,113.169
Not... 1,139,070
681,890 5,884,779 2,328, ',>27
Lines coDlro'.lod...fiioj8.
433
--Jan.lioAug. 31.-
GENERAL INVESTMENT NEWS.
—
Americiii Cotton Oil Co. Notice is given that the armiuil
meeting of the holders of American Cotton Oil Certificates
will be held at the office of the trustees on Friday, Nov.
The trustees will,
1, 1889.
amendments to the provisions
at said meeting, recommend
of the trust to the following
effect, viz.:
That no change or increase in the total a'nount
of the certificates of the trust be at any time made without at
least thirty' days previous notice thereof being given.
There
has b^en no increase of certificates during the past year, nor is
any cjntemplated.
—
Atchiam Topeka & Santa Fe. From Boston it is stated
that a meeting of the directors 5vill be held to-day (October
•"5), when a sub-committee will present its report on reorganization, wiiii'h will be accepted or rejected.
The company's obligations up to this date have all been promptly met by means
of large advances of mony from its suppoiters, and the
finances have been so conducted during the past year that the
managers can come before their stoclc and bond holders with a
good grace and make such proposals as may be necessary for
the preservation of the Atchison system in its entirety.
—
Called Bonds'. The following bonds have been called for
payment
Jeffersonville Madison & Indianapolis. Tlie following
lx>ads will be paid at 110 and interest by the Farmers' Loan
& Trust Company, interest ceasing November I
—
:
793, 818, 820, 1,035, 1,312,1,799, 2,037, 2,092, 2,211
2,'J55, 2,311, 2,419, 2,708.
Nos.
30, 1889.^
annual report of the President, Mr. Ex. Norton, will be
,it length on another page.
Many details of the 3 ear's
operations are tliere fciven w liich could not find a place in the
condensed form usually presented in the aljslracts of railroad
reports in this department of the Chronicle.
Following ate the comparative stitistics for four years,
compiled for the Chronicle in the usual form.
52'?,
Cincinnati JacUson & Mai'kinaw.— At the aimual meeting
held on the 2d inst. the old Board was re-elected, with the exception of Messrs. O. A. Wilson and J. T. Martin, who were
succeeded by Messrs. H. Walters and W. T. Carrington. The
proposition for extensions and issue of bonds, as per recent
circular, was agreed to. See Chronicle, issue of Sept. 7.
page 300.
THE CHKONICLE
434
Consolidated Eleelric Light Company.—The annual report
of the Consolidated Electric Ijght Company for the past year,
submitted to stockholders' meeting September 18, shows
Capital stock outstanding, $2,404,400 debenture bonds outstanding October 1, 1888, $325,000. The company in addition
to jKiying quarterly dividends at the rate of 4 per cent per
annum, and $2.5,373 for exiwnses, including interest on debenture lx)uds, increased its sinking fund from So^.-tOO to .*0 >.()24.
The com[)anv receives from the Westinghouse Electric Company, for the lea.se of its New York and Pittsburg property.
$150,000 per annum, being 6 per cent upon its capital stock
and one cent royalty ui)on each incandescent lamp manufactured by the lessee or its associates. The inco ne would apparently be suflBcient for an increase of dividend X"ate above 4
per cent per aimum. but it ws decided that the interest of the
stockholders would be enhanced by a further increase of the
sinking fund for the anticipation of the payment of the debenture iKinds of the company. Mr. H. R. Garden is the President of this company, and the oflRces are at 33 Nassau Street.
[Vol. XLJX.
1;
:
;
immediately, and any report which puts buyers on their guard
may be of use " The statement is now made, upon what appears to he good authority, that irregularities have been discovered in what are known as Babv bonds, beginning at
No. 102,000, with some slight irregularity previous to that
number. Nearly all the Baby bonds above No. 103,000 are
fraudulent. Attorney -General Rogers admits that the Baby'
bonds have been abstracted or otherwise tampered with to the
amount of $400,000. According to Judg^ Rogers' figures, the
defalcation already in sight will reach more tlian $1,200,000."
:
'
'
"
'
'
—
Louisville St. Louis & Texas. At the annual meeting held
recently at Louisville the old Board was re-elected. President W. V. McCracken reported a steady increase of earnings
since the opening of the road six months ago. The extension
from Irvington on the line to Fordsville and Falls of Rough,
43 miles, will be finished by the close of the year and will
open up a large timber section of country.
Mexican National. -In view of the statements publisiied reporting a bad condition of the track of the Mexican National
Honston East & West Texas.— The New York Commercial Road, we give the following extract from a letter of the General
Bulletin says: "It is probable that the dispute in regard to the Superintendent of the company dated September 26th, 1889:
reorganization of thd Houston East & West Texas Railroad,
" While tlie track is in bad condition, from what I can learn it
which has heen in the hands of M. G. Howe as receiver since is no worse, indeed not so bad, as during the rainy season of
July, 1885, will be reopened at an early day. From one of the former years. It is not generally bad. but in various places
parties in interest it is learned that an endeavor is to be niade the road-bed has become perfectly soft, and even in places
to have the entire matter settled and a reorganization under where it is ballasted with good material the surface has setway this fall. The court which has had charge of the case tled. This is the case particularly between Toluca and Flor
thus far, and before which any new motions must be made, de Maria. Between Flor de Maria and Maravatio there are
re-convened on October 7 and the counsel in the Houston also some bad places, but this part of the road is in f r better
East & West Texas case have had October 7 set apart for a condition than in former years, having been well-ballasted the
hearing. At that time, it is understood, the bondholders will, past year. Between Maravatio and Acambaro there are a few
through their representatives, Messrs. Miller, Peckham & bad places the majority, however, is better than usual at this
Dixon, of this city, apply for a decree of foreclosure of the time of the year. Between Acambaro and San Miguel the
property under their plan of reorganization in the hands of track has stood up quite well much better than heretofore.
the Union Trust Company, to which a large majority of the The Morelia branch stood up remarkably well until within the
securities most interested have assented."' * * "The road has last two weeks, when several soft places have shown up on that
a Texas land grant of over 10,000 acres for each mile of road branch. At the beginning of the wet season it was i.'i good
constructed and equipped. First mortgage bonds ($1,344,000) orler.
.
are issued at the rate of $7,000 per mile and there are $750,000
"The Southern Division was built witli fourteen and fifteen
of second mortgage bonds. The second mortgage bonds were ties to the rail. Pine ties in Mexico are of poor quahty. I do
not sold, but are held as collateral for cash advanced to the not believe they will hold the surface for more than eighteen
company. The holders of these bonds have taken a prominent months or two years. Considering the bearings under the
the reorganization movement."
part
rails are insufficient, and the lifetime of the ties so short, it is
Little Miami. This company has issued a circular to its not remarkable that a continuous wet season for four months
Btockholders, eriving a full statement of the correspondence be- should have affected the track as described."
It will be seen from the above that the trouble is confined
tween the officers of the lessee company and themselves which
preceded the default in payment of rental due on the 1st inst. to that portion of the old lin- south of San Miguel, and is the
It is worth the while of all parties interested to procure a copy result of originally light construction, a difficult soil upon
of this circular from the company's office in Cincinnati. Suit which to maintain a track, and tour months of continuous
was commenced on Sept. 18th against the Pennsylvania Railroad rain.
The " rainy season " in Mexico begins in June and ends in
Company for $146,432 rental due. A second suit is by the
Little Miami Railway Company against the Pittsburg Cincin- October, and during that time the rain is practically continuous.
So far from the demands of the bondholders withholding
nati & St. Louis Railway Company, the Pennsylvania Railway
Company et al. and this suit has to do principally with a trust money from improvements, nearly a million dollars was provided in the reorganization to be apj.lied to betterments and
created under the agreement of lease.
additions to the old line. This money is being expended as
Louisville EvansvilleA St. Louis.— Tlie April and October rapidly as it can be judiciously
applied, and during the concoupons on outstanding old seconds and the October coupon tinuance of the dry season
the work of ballasting track and
on the firsts are being paid by the New York Security & Trust increasing the
number of ties under the rails has been proseCompany.
cuted, and it is expected to be continued in the future.
The work of bringing up a road that was originally imperLonisville & Nashville.— On a subsequent page of the
Chronicle will be found the full report of President Norton, fectly built and further deteriorated in passing througli bankwhich carries this year more than the usual interest. Tlic ruptcy, cannot be accomplished except through a number of
comparative statistics of several years will be found under years imless the money is practically unlimited.
" Aimual Reports'" and an article in our editorial columns
Michigan Ceutral.—Notice is given tliat the first mortgage
la t wejk discussed at some length tho company's new
bonds of the Kalamazoo & South Haven Railroad Co., maturfinancial plan. The annual meeting was held at LouisviUc,
ing Novemijer 1, 1S89, will be paid on and after that date on
Ky., on the 2d inst. The Secretary read to the meeting the
presentation to the Union Trust Company.
communication of the President to the Board of Directors,
bearing date the 2.3d day of September, 18-'9, recommending
Missouri Kansas & Texns.— A pre.'s dispatch from Galvesan issue of further sto<;k, not to exceed $13,000,000, for the ton, Texas, late in September said: Judge Pardee, of the U. S.
purpose of taking up the Trust Bonds and such other inter- Circuit Court, has granted the petition asking for the extenest-bearing obligations as the Directors might approve. The sion of the present Missouri Kansas & Texas receivership so as
following resolutions were passed
to include the sundry Texas lines and branches, and that the
general consolidated mortgage held by the plaintiff be regarded
RtBOlttil, That Ihc stockholders of tho Louisville & Nashville Rii I
road Coui|)ai]y, at the auiiual lueetiiij? assembled, approve the recom- as a lien on the roads.
meudiitions coutained in the comumuicatlou addressed by the I'lcsldeut
Oregon Railway & Navigation.— The more important of
of the Bourd of Directors, dated Septembi r 2 <, 18f 0.
R tiilvat, That the capita! stock of the Lou sv/lle & Nashville Riiil- the proposed modifications of the lease of the Oregon Railway
road Coiupany be increased from the sum of $ ;.5,00 SO 0, the pies -nt
Navigation Company to the Oregon Short Line Company
authorized capital, to the sum of rf48,0 0,"0i', bciiiK au iuerease of &
are summarized by the Executive Committe as follows:
$13,000,000 10 the capital sioek, aud that the Presideut and Uir.cio
;
;
—
m
—
,
s
be hUlhoriZfd
1
take pioper steps to prepare such addit oual stock for
issue and certilli ales for fi actio, al sh..re8 of ihe same
Resolved, That the Pre-ideut and Dire, tors lie further aulhoriz.d and
directed to otfrr the same to the sh, rehol Jers of the company in i uopoition to Iheir several hohli'.es, at such time and at such price as
to
them sh ills
mo-t adv,inta!,'eoas for the interests of ihe company
and they be fui ther authorizcil to dispose of any such increased stock
not sot ken, in suih manner, at s ih times, and upon meii terms as
they may de
best for the interests of the company. Proviil. li I'hut
the entire proceeds of fUeh increased ^tock be appll d"to the retiremint
by payment of th« exist inj; itsue of .BiO.OOO,' 00 H per cent Trust Bonds
1
om
m
ofthocompany. dated Match
1, 1-82, and payable March 1,1922 on
th! terms i.rovidcil in the luortgaKc, and to tho retiremeuc of s' eh
other luterest-beailng obligations as the directors may appiovc.
Directors were elected as follows
Eckstein Norton
John D. Probst, William Mertens, J. A. Horsey, John h'
Hinman, J. 8. Rogers, Thomas Rutter, Arnold Marcus
August Belmont. Jr., Jacob H. Schiff, John A. Carter, Johii
D. Taggart and Edmimd Smith.
:
Louisiana State Debt.- The following press dispatch came
from New Orleans imder date of September 29, and is given
for what it may be worth. It is imposssble to get at the facts
B Article II. the right of the Shirt Line Company to vote upon the
stocks of the branch roads is made more cK ar than it was
the former
m
lease.
hy
Article III. provision
made
for the possible ullima'e issue of all
the consolidated morigaiie bonds for certain spjci^'tel purposts, such
bonds to rctuain meanwhile with the trustee until needed and c .lied for
by Ibis company ami the Slioit }Jue Comjany, and no sa'.e, pledge or
other disposition of the bonds to be made except wiih the couseui of
is
thiscomiiany.
By Artick- IV. provision is madefortho issiieof consolidated uiorigaKe
for the construction and cqnipmmt of the liiauch roads and for
the subiiiission of estimates of cost and proiier secounts of exjiei ditures
by the Short Line Company. By the same ar.iele it is provide I that the
stocks of the branch railroads shall remain in the treasury of tbeOrejfon
Company, and not he deposited with the trusti e of the lu rtwaiies. By
Ihe same article it is provided th>t no additio.al raiiroad or branch
shall be constructed ex epi with toe consent of all parties.
By .\rt;cle V. it is i luviil' d that eertainadditlonal equipment. inciudi g
specified belle. meiits, may be made out of the
boats anu ecriai
proceeds of ihi' cou-idtda'ed bond", and that all expenditures so made
sinre.Ian. 1.1887, shall be considered as made under this modilied
Pnae. «"ih past expenditures so to be repaid not to exceed in all
bonds
i
$385,000.
By.Ariiele Vtl.
it Is In effect provided that when the .5 per cent consolidated mortgage bouts shall not bj available to provide funds for
OOTOBUR
THE CHRONKJLK
1889.]
5,
m
the construct!
o( branch lines, tlieu the Orei^on Coinpuny will make
and i-aiio Its other brtn Is, sociiriiics or ftuaraiitces; thu siino lo lip, s.'ciired by ths inortKUK'i- ploilip or d"po-ilt of iho I) mds of »i:c,li raliro:id
lines, or of aiioh branch roads, or to be otherwl-o seourod as shall tln'n
be agreed betw.'cn the parties: and that all luterosl on all such bouils,
sccurltiHS or xnarantecs of the Or •Ron Company shall bo paid by the
Short L'no T'oiupany as an adiliilonal amrmcit dun from It usniiittl.
Under this provisloi of the modified 1 as* It Is otp3i'ti!d th it th'iOrrKon
Company can, an the occalon rcii'iiros, idthor i-sui) its ool'ateral trust
bonds or fi:uar.iiitee bonds of th br inch Unci or la some oiho way
from tlni,i to <law u<e Its cred t to such purpose.
By Artlcl.i VII I. it is provided that no exp ndlture of any kind made
by the Short Line Comna y for the oonstructlon or ac>|uisltlo i of
branch llni'S or i>th>r railroads, or for rqulpm-nt. betteiuinnt", or any
purpos exc 'pt to the exteit of tho bonds or proceeds of bonis, securities or guarantees specltlcally appropriated therefor, shill over be
charged t tho Oregon Company or constitute a claim against It.
435
"A
large part of the railway extensions, made under tlie
company, lias been m.-ide by other jr^irnoTO'
the strMik and bonds of which have (wen, tf^* a Uo-ge extent, acquired for your benefit
and this companv now
holds such securities and other property, to tho amouutof
over $22,000,000 par value, of which $11,7.50,000 have lx>en
deposited as sec^urity for $8,000,000 collaU-ral trust mortgage
bonds. Your Directors were of opinion tJiat the value of these
securities could be most readily applied to the benefit of all
Btockuolders by transferring them, for sufficient consideration,
to a new corporation, whicli should undertake the charge of
all the railways now mauage<l or controlled by this companv,
together with the neces.sary ext«>nsions thereof, guaranteeiiig
to you regular and permanent dividends, and in the organization of which you should have a preference," » • • " Th»
Directors, therefore, " in accordance with the unanimous
instructions of the stockholder? in annual meeting, lay beforeyou the follow mg general outline of the plan agrejd upon :
"Pi)-*«.— The Great Ni)rthcrn Rail way Company Is a corporation orj^an
Izi'd under the lawi of .Minnesota, with ample power f.r all the purpo»e«
mentioned; Ihe control of which has been secured for tho bonctlt of the
.stockholders of this company. It will have an authorized capital of
$10,001,000, of which one-half will bo iirefiTre st-ck, entltlel to diviaUHi)iceB of this
tion.s,
;
i
•
,
>
—
Kiiilroads. Mr. Horace A. Taylor, the Cr)mmigsioner of Railroads, has filed with the Secrerary of the Interior
at Washington tiie annual report of the operations of his bureau
The report says of the
for the fiscal year ended June 30, 1889.
Pacific RR. subsidy accounts "The subsidy bonds issued to the
Union Pacific Company amounted to $83,539, .")13 and interest
paid by the United States amounts to §43, 161, 407. Its present
liability to the Government is $17,730,280,
The total debt is
$336,.'>36,159 and assets $27.5,304,723.
There is due to the
United States, under the law, a total of $1,061,,533 from the dends, ill pr. fcrcnce to all other stock, at the rate of a per cent per anBeveral divisions. The subsidy bonds issued to the Central num, noncumnlitlve and free of tixes. As no addition can be made toPacific amount to $27,85.5,680 and interest p.iid $5,148,849, lis thls preferred s'ock wlihout the con-ent of threi'-fimrth.s of a'l Ihe pr«fcried s'ock outstanding. Its holders will be amply secured auainstliw^
liability to the Government is $52,256,734.
Its total liability Is deju-eclation by any unnecessary Increase. The commnn
8t ok will l>e
S193,39'o.l65.
Its net earnings were $1,544,351,
Tiie amount reiiilncd by the Groat Norlhc n Railway Company, subje ttofutims
dlsp 'Sitlon for Its heneflt.
•
due the Government is $467,217.
The entire *20,eo0,ono of preferred stock in the Great NortB" The sinking; funds of the Union and Central Pacific com- eriiSecond.—
Railway Company Is now oll'eiid to tho s'ockhol lers of this companies held by the Secretary of the Treasury June 30, 1889, l>any, of record on the 1.5th day of November, 18S9, each stockholder
amount to $13,514,604, the Union Pacific having to its credit Having the privileg.i of taklriK one share of Great Northern preferred
stock for ea h shaie of Minltoba stock 1i Id by him.
$9,298,8,52 an 1 the Centr.al Pacific $1.215,7.52.
" Th rt7.— This preferred stock wid be Issued at par; but the stockh ilcP"The amount due the Government by the Siour City
ers of this company will only be required to pay JoO per share Im
the other $50 being paid by the transfer to the n-w c imp iny of
ish
The
Pacific Railroad is $3,535,303.
Central branch of the
assets alre.idy mentioned, exceedinsr S22,OO0."0O, bnt subject to theUnion Pacific is indebted to the Government to the amount of the
ien of the collateral trust raortKaRc for $^,000,000. 8u>ckholder» will
$23,334,762."
be allowed until the 27ih day of Novemb.ir, isso, within which to exer'
In regard to a plan for adjusting the railroad debts. Com- else their option to take this preferred stick or not; and meantiine^
they
can assistn ih Ir righ s 1 subscribe, if they so d -sire. In the manmissioner Taylor says
ner p'-escribjd by this
ly.
Shares of the Great Northern pre"It is apparent beyond controversy that the subsidized ferred s'ock whie'i arec impa
not taken by stockh dders of this companyroads cannot discharge their obligations to the Government at or their ass'gna, w thin the period here prescrlbe<l, will be taken by tUismaturity. Rxi<ting laws are wholly inadequate to secure the company Itself, or its a>isi.irns, upon the same temn; and It tiken bythc company tUey will be disposed of by the Directors as they may;
payment of the debts due and shortly to become due. It is deem
expi-dient.
imperative that Congress pr.ovide some m?a3ure of relief.
" /''om;-(A.— Twenty-five dollars per share must be paid by subset ibenk
It
is
my opinion that it would be wise to pass an in cash, on or before the 2d day of December, 188i>; and tiie remalnlnic'
*enty-flve <iolIars per share must be paid In cash on or before the 31»t
reasonable extension of timq
reducing tday
act giving a
of January, IH'jo. But a discount at the rate of 5 per cent perto
three or four per cent
the rate of
interest
re- anrium will be allowed on all payments made b9ro;-e these dates
" Fi (A.— Bonds s cured by the collateral trust mortg^ige of this comquiring that the earnings from all Government transportation by the subsidized comoanies on all lines operated by them, p my for $^,000,00 ), will be accepted on account of subscriptions to theiirof-rred stock, as the equivalent of cash, with the poper adjustment;
whether aided or non-aided, should bo applied to'the payment of Interest,
' 31x1 .—The Great Northern Railway Company wl'l pay off and oairof any interest or principal due or to become due within the
prohibit- cel tho $',000,000 collateral trust mortgage binds of the Manitoba
fiscal year in which the services might be rendered
Company.
ing the payment of any dividends by either of the subsidized
'• acckK/i.— All the stock
in railway and steamboat companies, transcompanies unless such company shall have paid all interest on ferr d to the Great Northern Railway Company, will be deposited lii'
trust, so a^ to retain their control for the benetlt of both companies ;
its bonded debt having a lien prior to the Government, and all
assuring the unity of the cnti'-e system.
matured indebtedness and interest then due and of such a per- thus
" Eipliili.—The St Paul Minneapolis & Manitoba Railway Company^
centage of the gross earnings of the subsidized lines as, by will wh n the foregoing terms have been coniplied with, execute a
c.ireful estimates, would realize sums sufficient to pay accru- lease of all the r:iilway8, rolling stock nnd equipment owned, leased or
ing interest and raise a sinking fund that would meet the prin- controlled by It to the Great Northern Railway Company, for a >erm of
less tlisn iJlncty-nine years, in cons der ition of a rental, which th»
The said companies not
cipal of the debts at their maturity.
Great Noi-theru Railway Company agrees to pa sulticient to provide
should also be permitted to refund their first mortgage bonds for guaranteed dividen 's upon the entire capital stock of the Manitoba
under such provisions as would prevent any increase in the debt Railway Company (if^JO.Ooo.OOO), during the period of the lease, at the
rate of six per cent per annum, free of taxes, hi quarterly instalrnents,.
which is allowed priority over the debt to the United States."
en the first days of February, May, August and November in each year^
dispatch from St. Louis together with all taxes, asscssmen' 8. interest on bonds and other curSt. Louis Terminal Railway.—
of the Manitoba Company of every kind; the Great
Oi'tober 1 said: " The stockholders of the St. Louis Terminal rent obligations
Northern Ru'Iway Company guar.nitocing all the obligations of thfr
Itailway Association, which includes the bridge and tunnel Miinitoba Co upany and indemnifying It ag.ilnst all liabilities.
" For the purposes of this ^ubscriiition, the stock tr.inafer books will
and the Union Depot companies, met at tne bridge office tocio.'ied o 1 November 1 5, 1889, at 3 P.M., and remain closed until"
day to consider a proposition to authorize the issu^' of $7,000,- be
November 22, 18!J9, at 10 A. M."
0')0 four per cent bonds.
The proceeds of the ssle of tli 'se
bonds is to be used to purchase all the real estate of the Union
Wabash.—The debenture mortgage bonds of this company
Depot and bridge companies, and to purchase new switching are now ready for delivery at the Mercantile Trust Company,
yards, and to eie:;t a new union station building. This had on presentation of the receipts and payment of 2 per cent
already been decided upon by the officers of the company, thereon, as jirovided in the bondholders" agreement of July
and the meeting to-day was a formal one to ratify their action. 15, 1885. Interest at the rate of 6 per cent will be charged on
The issue of the bonds w.is approved.'
all payments made after Nov, 1, 1889,
Scioto Valley. Notice is given that holders of the consolidated mortgage certificates can collect from the Central
—The Cheque Bank, No. 2 Wall Street, invites all persons
Trust Company of New York eighty-two and a half (82i^) per
great convencent upon surrender of their certificates in accordance with contemplating a foreign tour to examine the
ience of its system of checks on foreign countries. The Bank
the agreement of sale made April 2, 1889.
publishes a neat Uttle pocket pamphlet which gives concisely
Seaboard & Roanoke.— The annual meeting was held in
merits of its system, showing the safety of its business and
the
the
sliowed
Norfolk Oct. 1. The annual reports of the officers
giving a list of the nutn^ous banking houses and other pardivi
interest,
expenses,
following: Gross revenue, $760,964:
ties in all foreign counti-ies who will cash its checks.
dends, &c., $670,206; balance, $90,758. The old oflicei's of the
direcwere
elected
the
following
Co. offer in another column |70,000
were
re-elected
and
comi»ny
—Messrs. <i. A. Kean
They run 20
tors: L. McLar.e, R. C. Hoffman, Enoch Pratt, Moncure Rob- of LaCro?se, Wis., 5 per cent bridge bonds.
inson, Jr., B. B. Gordon and R. S. Tucker.
years, with an option after 10 years; interest is payaVjle in
is $10,732,634,
A circular issued to the this citv. The assessors' valuation of the city The
St. Paul Minneapolis & Manitoba.
total debt?
stockholders of thi.s company by Mr. James J. Hill, the Presi- and the real value is estimated at $14.000.0W).
La Crosse has a population of 30,000.
dent, contains a new proposal of much importance. The is only $301,000.
" The great extension of this company's lines
circular savs
—Parties desiring securities for trust funds and other safe
and the rapiil growth of the entire West have, in the opinion investme'.ts will do well to consult the advertisement of
a
on
provide,
of your Directors, made it indispensable to
Co., of this city and Boston, in toMe.ssrs. C. H. Venner
larger scale, for the development of your business. This com- day's Chronicle.
pany was not originally organized with the expectation of
—Concord, N. H., 4 per cent lionds are offered for sale byextending its lines to Montana but such an extension lias
Co.. Boston, and Mr. Thomas S.
Messrs. George A. Femald
Ijeen unavoidable, and the accruing benefits have amply
the advertisement
York. The details are given
ju.stified it.
The railways under the management of this Krutz, New
company, which in 1879 were onlv 640 miles in length, now on another page.
Manitolia Railroad has de—The St. Paul Minneap)lis
extend over 3,3fXI miles and still further extensions will
clired its usual quarterly dividend of 1'2 per cent.
become necessary.
l'acill(i
:
I
'
&
(
;
1
:
;
;
I
;
;
I
I
i
,
A
—
&
—
:
&
;
&
m
&
THE (CHRONICLE.
436
and
2lcpovts
[Vol.
The growth of
jPocntucuts.
traffic is
NASHVILLE RAILROAD CO.
101! TlIK
Year Ended June
FiscAi,
Earningi
per mil*.
Avtraye.
or THE
&
table:
Gross earnhiiit.
Mllr» operated.
rea»-«.
THIRTY-EIGHTH ASSUAL REPOKT
LOUISVILLE
shown by the following
80, 1889.
To the Stocklwhlers of the Louismlle & Nashville RR. Co.:
The Pi-esi(lent and Directors of the Louisville & Nashville
Bailroad Company respectfully submit tlieir report for the
cal year ended June 30, 1889, as follows
1879-PO
1-80-81
1881-82
1883 83
1883-84
1881-85
188.'^-8e
1,310
1,840
1,971
2,033
2,065
2,057
2,023
188687
2,'
l(-87-88
2,027
2,161
..
1888-89
$i,076
5,930
0,082
6,513
0,949
6,775
6.513
7,4 54
8,071
7,079
$7,135,843 04
10,'n 1,0.50 03
11,987,744 55
13,231.916 28
14,351,092 81
13.»3H,346 47
) 3, 177,011 56
23
15,Ot((«,584
16,St:0,-241
67
44
le,5itU,396
-^4
LENGTH OF ROADS.
$27,290 39
Miles.
eaiiiiiil
through the ownership of the entire
1.8J9 81
>tock
uiirter leare: earnings iu excess of fixed
ch^Tfies nccniins to this company
for account or the Sjuth <fc North Alabama
II.
Orpratcd
III.
Opcated
Rillroad
8i '42
Trust—
$193 050 00
137,700 00
aOOlrultcars
330,750 00
theroad
$160,374 27
11919 34
eoisolidKlious
2 p sseiiger, untloislied. In shop
Air biakes and steam brakes
1.=.
721-00
79 80
Owmd
6,451 13
181,744 74
33.591 30
2,2"5 91
Ncwmachineiy
4,071-35
Total mileage
in this report are based on an
avera'^e of 2,161-64 miles, though the completed mileage
June 30, 1889, was 2,180-80 miles, comiiosed as follows
on
:
Miles.
Ovfned absolutely or through the ownership of the entire capi1,849-Sl
stock
e, earnings in excess of flxed charges ac142 32
cruing to ihis company
Operated for account of the South & North Alabama Railroad
tal
Operated under lea
Company
188-67
2,180-80
BONDED DEBT,
V
dergr.-iriecrossints
Overhead bridge, Cincinnati Division
Widening and Ciliug embankments
slidi s, etc
$61,040,660
Fivf-per cent col'ateral trust gold bondK..!fl,9:"9,000
330,000
stock tru.sl bonds, seres A
Rolliuj.'
2,2f9,000
^oe.sis.fco
fs rcdtemel Aiiring the yenr—
General mortgage b-nds canceled for sink-
735 33
and
removing
19,884 79
Cnriiing and paving at Nashville
Incline »t Scianion
City wharf at New Orleans
Raising trdck Deer Creek, Henderson Division
Filliu?.' lots at Memphis
Memjihi- e
B(aucoup
Coaling arrangement, Muscogee wharf, Pensacola
Real estate bought
Right of way
-Depois, pla' forms, etc.......
-.
Peetion houses
Bridges
Fencing online of road
Sidetracks
..-.--
tracks, Decatur yard
Si le tr ck, Howelis
New
65
,$"i6,015
5,559 34
3,328 77
yard, Lagrange
61,903 76
Ikd'iet ton
ingfiind
TrUftlJond-> canceled for pinking fund
Pensarola Divition l)ond8 canceled for sinking fund
Cecilia Branch bonds canceled for sinking
fund
Evansville Hcrderson & Vashville Division
bonds cnncel-d for sinking fund
Car trust bonds paid
New shops, Decatur
How.lls
New coal bins, Decatur
$181,000
114,000
Watersupply, Decatur shops
DiiTerence between 6S-lb. replacing 58
Ditt'ercLce belwi en 58 lb. second hand
Ib. rails on L. H. 0. & W. R. R
Ballast
26,000
l«.oro
245,000
Oiitstaiiding Jure 30, 18=9
Showing an increase in the bonded debt of
$60,726,«C0
tl,680,OCO
GENERAL RESULTS.
The general results from operation for the year are
Gross earninss
$16,590,396 24
Ope;atlng cxpcntes, 62-21 percent
10.320,085 57
:
Net can ings from
trafllc,
ofiaifs'
Intel cs', rents, etc
88
h7
91
01
3779 percent...
li>.
200,082 17
30,093 49
steel r.n's
n 11,
replacing 2J-
2,569
204,741
11,926
11,013
Fil lug trestles
5?9.000
Deduct charges
$139,930
41,«84
14.092
4,334
5,000
-
Improvement Tensas swamp
Cuiveits and catile-guards
Depot and track tcales
New pass' nger depot. Tenth and Broadway,
ConutC'lug ira<'k, Ntrwport and Walton
fi,304
Loui-vllle
Second tracks, East Louisville to Anchoiage..
Boyics to Giace's
South Lou'sville to Shepherdsvillo
EastNashvide to Edg field Junction
.
Taxes
15
74
74
$839 63
5 45
1,338 27
030 32
2,813 67
Change of gauge, L. H. C. & W. R.
Deduct 28 freieht cars sold
R
$16, -^94 30
$1,066 31
500 00 1,563 21
1 couch sold
$!>,2T3,310 67
15,128 09
Sundries—
401,112 92
5,006,005 29
Stmaphoie signals, water craiief, cis'erns, ekctrx
signals, ditching, watchmen's housoP, etc
4,86
43
$1,432,319 78
Net earnings
$1,266,7('5 38
677,10ii 90
AdftrncoSJofrdlnluvc-tmcn's
$1,913,815 28
Dedvel iMfs. on Georgia Railroad lease
*X<oe« on PensacolaA Atlantic RR..
$23,376 29
199,421 67
222,^00 96
$1,721,014 32
Deduct twoperccnt stock dividend
declared January 9. l><89
Three per cent so k dividend declared July 18, 1889
964,440
f
Nctsurjdus for the year
Gross earnings per mile
Oiierallng expenses per mile
ville
Florence
2,161-64
18=7-88.
$2,90-2 11
$3,005 78
$8,071 16
5,065 38
Shef-
12,705 00
to the
Florence
Nashville
&
Railway
11,840 CO
24,545 00
Rails and fastenirgs left over
alter completion of th
Springfield Branch
353 83
4",9')4
$i
Total
,-^8-2,3ii5
43
35
COST OF BRANCHES,
mUes,
1888-89.
$7,679 7
4,776 98
&
field Railway
32 gondola ears sold
Springfield Branch : During the year there has been .-xpended
on this branch §11.132 08; there had been previously exuended
$372,389 39, making total cost to June 30, 1889, $383,531 47.
Cumberland Valley Branch There was expended during the year on road north of Pineville $22,825 59, and on
road south of Pineville $421,030 0'3, making total expended
there had been previously expended on road
$443,855 61
north of Pineville $748,273 26, and on road south of Pineville
.$27,922 17, making the total cost of the branch to June 30,
.-
Net earnings per mile
The ratio of operating expenses to gross earnings for the
year was 62-21 per cent, compared with 62-76 per cent for
1887-88, 59-99 per cent for 1886-87, 62-33 per cent for 1885-86,
A
42goud' lacarssoldtoIh-Owensboro &NashvllleRy.l7,499 30 $25,055 55
27 box cars sold to the Nash-
$126,214 32
The average length of roads operated was
showing for the year as follows
58-71 per cent for 1884-85
Deduct the following creditsID box cars sold to the Owensboro & Nushvii e Ry... $7,556 25
Shettield
$630,360 00
1,594,800 00
•Logs on the Pensaoola
17
70
2,769 21
3,374 53
7,253 66
..
income$l,ro.".492 37
,.'57
•J,«30
Evansville yard
New
00
87
970 17
88
3,488
762 00
507 82
2.0; 8 92
310 37
747 19
33,337 02
9.615 36
18.520 54
4,M0S 20
17,797 35
4,096 12
9.''.032 51
3,950 62
37,y40 95
1
lal otlice
R' seivoir at
Roadway
.Shop buildings, turntables, tto
Watt r stations
-
debt, as per Table No. 1, last year's report,
—
In the
Ci.r8
Engines bought and built—
VI. In -nhich 'ho company Is Interested as .joint lessee with
the Co, Iral Railroad Company of Ge r^ia
but not operated by the company
VII.
Jionfls ifsiicf
450 box
1,002-33
The earnings and expenses
$8,620 63
14,745 70
23,306 32
Freight cars
188-67
IV. Opcrat«il unler lease for account of various companies.
V. Ill which the company Is interested asowiicr of a m.ijnMiy of tie caiiltul stock In the company that operates
The bond'd
was
Freight cars bouglit—
19 box bars..
39 gondolas
142-32
Company
16
07
$13,249 S4
3 pa8^euger coaches
4,704 97
3 passo' ger coaches, untlnished, iu shop.
6,075 88
3 iiaggiige c;irs
3,2C0 00
1 postal car
:
ab'oltiiely or
24
08
08
60
65
The expenditures during the year for inprovements and additions to the several properties are as follows
Cars built in Company's shops—
The length of the roads operated by this company and of
those in which it Ls interested at the close of its fiscal year,
June 80, 1889, is as follows
Ownpd
22
24
OtS
CONSTRUCTION ACCOUNT.
(i.s-
:
I.
XL IX.
and
61-48 per cent for 1883-84.
Atl:intic Railroad will
be represented by
Beeurif ies of that conirany, but on aecouiit of their having no
value, the loss in the meantime Is paid out of net revenue.
immediate
;
1889, $1,220,051 04.
Clarksville & Princeton Branch : There was expended during the year $4,832 43 there had been previously expended
;
I
October
THE CHRONICLE.
5, 1SS9.J
437
total cost to June 80, 1889, $980,
thi State of Texas, in Cuha and other West India Island.s, in
Mexico and in South America.
these
three
brandies
expended
on
during
the
Nashoille Florence <& Sheffield Railway :
The amount
There was
year was $459,830 13, and the total cost to June 30, 1889, charged during the year $340,000. There had been previously
$2,594,140 93.
charged $3,316,585 18, making the total cost to June 31, 1889,
There have been issued on these three lines, first mortgage $3,556,585 18,
fifty-year feold bonds, at the rate of $15,000 a mile, amounting
STEEL RAILS.
to $1,539,000 of these bonds, wliile tlie cost of these roads has
At the close of the fiscal year ended June 30, l^iS, therebeen $3,594,140 93. As will be seen by the above statement, were in the ti-acks
these roads ha"e cost the company to June 30, 1889, $1,055,- fitccl ralln
1,914-85
140 93 iu excess of the bonds issued, which has been provided lion rails
l!0t-03
$985,735 99
568 42.
;
making the
:
tor out of capital account.
Cumberland Valley Branch: The branch from Corbin to
Piueville was completed and turned over to the operating
department on February 1, 1888, and the business of the line
has been quite as good as was expected.
The completion of the I'ne from Pineville to Cumberland
Gap. a distance of 157 mUes, has been delayed by a heavy
land slide at Log Mountain. The cut through Log Mountain
was almost completed when the land slide occurred, and it
was found necessary to tuimel the mountain. Had it not been
for this mishap the road would now have been open for trattic
It is expected that this line will be in
to Cumberland Gap.
the hands of the o])eratiug department as far as Cumberland
,118-88 mile*
There have been added during the year
on new tracks:
liinnitiKhiiiu
Mineral RaMroail,
67 -99
sle-cl
liiniiliiKUam Mineral Killroa4, irou
2-08
Cumboiland Valley Branch,
1-91
steel
61-92 mllea.
Total
2,l§0-80 mllea.
During the year there were 84-33 miles of track relaid with
steel rails, 14-87 miles of which were to replace iron, and
69-36 miles to replace old steel, at a cost of $137,531 61. Of
this amount $88,258 95 has been charged to operating expenses,
and $39,363 66 to construction.
Of the latter amount $36,693 49 was for the cost of differGap by October 1st.
This line will make connection with the Knoxville Cumber- ence in weight between 68-pound steel rails tliat were put in
land Gap & Louisville Railroad at Cumberland Gap, thus giv- the main line to replace 58-pound steel rails, and $3,569 17 was
ing this branch a through railroad connection to Knoxville, for the cost of the difference in weight between SS-pound steel
rails to replace lighter rails on the Louisville Harroda Creek &
Tenn.
Contracts have receijtly been made for grading, tunneling, Westport Railroad, put in at the time of the change of gauge
cross-ties, steel rails, etc., for the extension east or Cumber- of this road from a narrow gauge to the standard gauge of
land Gap, ^^a Big Stone Gap, to Norton, a distance of about 4 feet 9 inches.
There are in the track, therefore, on June 30, 1889
70 miles, and the work is being very actively pushed, and it is
IjOS^-SS
believed that when completed it will do a remunerative busi- Steel rails
Iron rails
lul-Zl
ness, and add largely to the receipts of your line.
2.180-30 miles.
Norton will be the eastern terminus of this line, and at this
the
Of
new
steel
laid
-23
mile
is
of the 50-pound pattern,
point will connect with the Clinch Valley Division of the
20-70 miles of the 58J4'-pound pattern and 63-30 of the 68-pound
Norfolk & Western Railroad. The distance from PineviUe to
Norton is something over 85 miles, and your company will be pattern.
During the months of April and May of the past fiscal year
entitled to receive on these 85 miles of road first mortgage
bonds at the rate of $15,000 per mile, or say about $1,375,000 the company made very favorable contracts for 30,375 tons of
steel rails, to be delivered monthly from July, 1889, to April,
in bonds.
1890, inclusive. The price at which these rails were bought being
It is estimated that the cost of completing these three
branches, not including equipment, will be about $1,700,000 in considered satisfactory, it was deemed advisable to purchase
excess of the proceeds of the first mortgage bonds that can be at once all the steel rails that would be required during the
fiscal year ending June 30, 1890.
These rails will be iised for
issued. As stated above, capital account has already contributed $1,055,140 93 of this amount, and as the work pro- the seventy miles of the extension from Cumberland Gap to
new
:
gresses will also liave to provide the balance
—viz., $615,000.
Birmingham Mineral Railroad:
There was cliarged to
this line during the year $1,793,373 56.
There had been previously charged $3,433,953 43, making the total cost to June
30, 1889, $5,337,326 99, which is represented by the bonds and
stock of that company, which are all owned by the Louisville
& Nashville Railroad Company.
The total length of this road on June 30, 1888, was 73-50
miles.
During the fiscal year ended June 30, 1889, there has
been constructed 60' 10 miles, making the total length of the
road at that date 133 '60 miles. The average number of miles
opeiated during the year was 113-35 miles.
It was deemed best to make the lowest possible rates for
carrying coal, coke, ore, and limestone, all of which are used in
the manufacture of iron so that, on the very large quantities
of this freight which the road has carried, it has, so far, earned
sufficient only to pay a moderate interest on the cost of the
road but the effect of this policy has been to add very largely
to the mineral development and an increase of iron industries
in that section. The opening of the new coal and iron ore
mines and of the limestone quarries, the building and completion of a larse number of coke ovens, furnaces, and other
industries along the line, has proved the wisdom of its adoption.
While higher rates would have given a better return on the capital invested, they would probably have prevented development,
or else produced active competition by other roads which
would have been built in that section. There has been a very
large amount of capital invested iu the industries on the line
of this road which would not have been invested had not the
investors been able to secure transportation, at favorable rates,
of the raw materials used, and immense resources would have
remained undeveloped. To give som3 idea of the large tonnage of the materials, viz., coal, coke, ore and limestone required to supijly the furnaces on this line, we will compare it
with the cotton crop of the United States. The average annual
cotton crop for the last fifteen years has been, say, five million
seven hundred thousand bales. Estimating the average bale
at 500 pounds this would be 1,434,136 tons per annum. The
raw materials transported for these industries during the past
;
;
year by this road amounted to 1,438,393 tons, which, as will
be seen, is as large as the number of tons for the past fifteen
years of the average annual cotton crop raised in the U. S.
The Board of Directors has authorized the building of a
branch road from Helena, on the South & North Alabama
RaUroad, into the Cahaba coal fields, and it is now in course
of construction.' When this branch is completed it will
shorten the distance from these coal fields to the various ports
on the Gulf of Mexico reached by your road, viz., Pensacola,
Mobile and New Orleans, by about forty miles. This Cahaba
coal is said to be not only excellent for coking, but a very
desirable coal for domestic and steam i.>uq)oses, and does not
easily disintegrate
;
and
it is
Norton, for the fifty miles of second track, for the extensions
Birmingham Mineral Railroad; and on the Nashville
Florence & Sheffield Railway to replace iron rails and for renewals of the entire line.
of the
;
INTEREST CHARGES FOR
The
interest charges against income
year 1889-90 are estimated as follows :
ConsolMated moitgase boD'^s
Cit- of Louisville, Lelianon-KnuxviUe builds
GeiiiTHl iiiorlgage bonds
Mempljia & Ouio Hterling mortgage boii'ls
Mem. Cliirksv. A- Loulsv. sterling mtx. bonds
Ceo'lia Brancli IscmortgaRo bonds
Evansv. Henderson & Nash. Div. Istmtg. b's
Pensaenla ntvisiou 1st niort(,'aj;e bonds
I.eb mnoii-Knoxville Brancli bonds
.
& St. Louis Div. Istnitg. bonds..
"
-'
"
" 2rd "
..
Lou. & Nash, and 8. & N.Ala. Trust Deed b'da
"
•'
•'
" Mobilo.fcMont. '•
"
New Orleans & Mobile Div. ] st mtg. bonds.
•'
"
"
"
2nd "
SoH'lieust
Collater.al trust
Total
fiscal
Principut
of Drol.
$7,070,000
A tttnunt of
00
19,080
'714,000
250,540
122,100
333,<
1!,9(!4,000
3,500.000
'2,01o,eti0
87n,000
2,324.000
SHO.Oi'O
1,500.000
3,5O0,O;O
3.000,0110
],960,00U
2,«77,00O
5,000,0
1,000,000
9,462,000
5.000,000
2,830.0(10
892,000
3.258,000
1,218,000
3dO,000
4,439,000
1,539,000
Inlere'l.
$404,900
*6.i,373
138,600
*34,650
90,000
210,000
90,000
117,600'
1G0,6'20
300,000
60,000
'564,120
300,000
199,500
62,440
195,480
74,880
16.500
221,9.^0
76,950
#76,316,660
$1,575,485
$1,500,000
2,077,000
3,208,000
1,248,000
$?0,000
$=,63.-J,000
$517,980
$67,683,660
$1,057,505
Deduct Bonds iNCLrnED is ForeooINO Dei'oSitkd with Tnu stee.
:
To s'cure 6 per cent Irtiet mortgage—
Li>banonKn'ixvillP brancli
L. &N. and M. i M. trust deed
Lou. Cln. & Lc.\-. general mortgage
Pensacola & Selma div, llrst mortgage
To be deducted from foregoing
tota'
Total
Deduct to secure L. & X. and S. &, N. Ala.
trust deed ouds for $1 960 ,OjO Included
i
Total LouisviUe & NasUvlUe
KB
Mobile & Mont. R'y bond', due Jan. 1 . 1890.
Nash. & Dei atur KR. Ist mortgage bonds .
Ntsh & Decatur RR. s:ock
3. <t N. Ala. KK. State endorsed bonds due
Jan. 1, ISaO
&
North Ala. KK. sterling bonds
touth i^ North Ala. RR. 2nd mortg. bonds.
South i'i North Ala. RR. consol.mtg. bonds.
Louisville R'y Tiansfer 1st mortgage bonds.
Shelby KR. rent
South
Total other companies inthe system
'
Interest
Is
1C0,U'20
192,480
74,880
,
Inforegoiiig
believed that large quantities will
be transported by the company to the Gulf ports as fuel for
steamers, and that it can be utilized to meet the demand in
bonds
Tcurorty adju tment bands
Lou. Cln. & Lexiuston 1st mortgage bonds.
"
"
'•
"
•
2nd
"
"
"
"
gen'l
"
PonBacola * Selma Division bonds
Rolling stock trust bonds, series A
Five p.r cent Urst mtge trust g.-ld bonds....
First uitge live per cent 5c-year gold bonds
1889-90.
account for the
1,060,000
117,600
805.723,660
$3,939,905
$214,000
2,100.000
2,227,5b2
$«.4-;o
1 47.000
143,081
391.000
•15.640
4.490.920
2.000.000
2,0-2.000
236,000
272,514
120,000
110,410
22,880
13,000
$13. 797.502
$-'42
9»8
not computed on bonds to be drawn for Biukiog Fundr
THE CHRONICLE
488
^Louisville
A
Niialivillo
KK. ilcbtaurt iaUTeat :f05,72;l,CGO
l.<,71)7,502
$3,939,005
842,918
$79,521,162
$4,782,853
•Other compault-s iu tbo systoiu
Total
Deduct—
Int- on Loa. St Hash. RR. bonds
Bent Ceollla brauub
B«Dt Riollaioad b.aucb
$100,460
60,000
24,000
io treaa'y.
181,160
Total M(ima/«d
int.
charges fur 1889-90
8«,^9'',303
PAYMENTS ON ACCOUNT OF SINKING FUNDS
Mempbls ClarksTlUe &
Loii. sterling,
August
1889-90.
1«89, $36,580
•'
Ffbr'y 1, 1890,
12,280
FeD8aoolaDivt«ion
Sept. 1,1889...
5,<>00
L. 4 N. and 8. & N. Ala. Trust Deed,Oot. 1, ls89 ..
20.000
Evaus. Heud. & Nasli. Dlvisloa. December, I, 1889,
20,000
-Lou. CIn. & Lex. Ist mort
JiUiuary 1, 1890,
5O,000
"
•
2d mort
"
January 1, 1S90,
10,000
"OoUatcralTruat Morigage
February 1. 1890,
132,280
'
OtCllia Branch
March 1, IS90,
25,000
a«ieral Mortgage
June 1,1890,
180.351
HolUngStoclj Trust Bonds, Series A.
gondolas and fifteen box cars, making a total of three hundred and five cars, from which has to be
deducted one flat car destroyed, leaving on hand July 1, 1889,
?40],491
25.110
19.0-0
122,740
1883-90.
Juuel,189J
44,000
Fund and Car Trust Payments
.^658,231
The total sinkiug fund and car trust payments for the year
eliding June 30, 1889, were $849,664. For the year 1889-90 they
Wull amount to $658,281, being a reduction of $191,433.
Total SittliinK
GUARANTEES FOR OUTSIDE COMPANIES,
ETC.,
1889-90.
Joint Lease of the Georgia Railroad with the Central RR. Co.
af Georgia:
Total yearly rent.l under lease
$600,000
Xoulsville d£ No8h» ille Railroad Co. llabdily for half rent
300,000
Bf reference to the General Results statement it will be seen
that the loss on this liability for the past year amounted to
|33;376.
.Penaaoola
& Atlantic guaranteed Interest
$160,000
CumherUnd & Ohio Railroad, Soutbeiu Division, guaranteed
lutcrtst
21,000
a,726 Nashville Florence & ShetUeld Railway Bond», guaranteed interest...
86,400
BONDS IN SINKING FUNDS.
The Trustees
of the
Memphis
Clarksville
&
fifty-three
hundred and four cars.
At the close of the fiscal year ending June 80, 1888, the equipment of the Nashville Florence & Shefiield Railway consisted of
two hundred and forty-seven cars of all kinds. During the past
three
25.140
PAYMENTS ON ACCOUNT OF CAR TRUST,
"
two hundred and
5:^,460
.
road two hundred and eighty three box cars, two hundred gondolas and two hundred double hopper cars.
There were built
in the Company's shops twenty-eight gondolas, twenty-seven
double hoppers and eight single hoppers, making a total of thirteen hundred and seven cars, from which has to be deducted two
box, twenty double hoppers and five single hopper cars destroyed, leaving on hand July 1, 1889, twelve hundred and
eighty cars.
At the close of the fiscal year ended June 80, 1^88, the equipment of the Owensboro & Nashville Railway Company consisted
of thirty-seven cars of all kinds.
During the past fiscal year,
there were purchased for the Owensboro
Nashville Railway
&
J,
^'South ,fe Nortb Alabama Sterling November 1, 1889,
"
•'
"
"
December 1, 1889,
"
"
"
"
May 1, 1890,
' Nashville 4 Dofatur Railroad.. ..April
1, 1890,
[Vol. 2L1X,
Louisville Rail-
road Company First Mortgage hold the following bonds for the
Sinking Fund:
90 Lou. & Nasb. Siicpjir-centTnist Bonds, $1,000 e^oh
$SO,000
i.7 Lou. &Nash. Five-pcr-couc Trust Bonds, $1,00 each
17,000
~«13 Lou. & Nash. General Mor gage Bonds, $1,0D0 each
18,0u0
-< 11 rcnsacola & .V'lai'tic first Mortiiapc Bot ds. $1,000 each
11 000
•'11 Nath. Ciiatta. .& St. L. First Moitgage Tracy City Branch
Bondp, $1,000 each
14 OOO
30 Nash. Chatta. & St. L. Bon Air Line Bonds, $1,000 each..
3i ,000
The Trustees of the South
North Alabama Railroad Company Sterling Mortgage hold the following bonds for the Sink)
there were purchased for the Nashville Florence ft
Shefiield Railway one hundred and forty-five box cars and ninetythree gondola cars, making a total of four hundred and eightyfive cars, from which has to be deducted one box car destroyed,
leaving on hand July 1, 1889, four hundred and eighty- four cars,
At the close of the fiscal year ended June 80, 1888, the Comfiscal year,
pany owned four hundred and thiiteen locomotives. There
were purchased during the year ten locomotives, and nine were
built in the Company's shops, in all nineteen
fifteen of which
were charged to construction account and four to operating expenses.
Four of the old engines were condemned and taken to
pieces, leaving on hand on July 1, 1889, four hundred and
twenty-eight locomotives, beingan increase for the year of fifteen.
During the year ended June 30, 1888, there were added to the
equipment (including that purchased and built for the Birmingham Mineral, Owensboro & Nashville and Nashville Florence &
SheflBeld) 1,599 new cars and 31 locomotives.
Tliere have been
added on the same lines during the past year 1,767 cars and 15
locomotives, making for the two years 3,36&cars and 46 locomo;
Notwithstanding this very large i»ddition of over 30 per
tives.
cent in the car equipment in the past two years, the Company has
been unable to supply the demand for cars, and the fiscal year
just ended shows that the Company paid for excess of mileage on
foreign cars <113,107 26 which is |59,437 78 less than last year,
and $58,892 74 less than for the year ended June 30, 1887. TheOperating Department reports that, had it been able to supply
the demands for cars during the past fiscal year tlie business of
the lines would have been largely augmented.
For comparison, your attention is called to the foUowinu
table, showing the number of engines, passenger coaches ana
freight cars on hand at the close of each.of the past four fiscal
years
;
LODISYILLK
ft
NASHVILLE R.\1LR0.VD
1886-8ft
18S&-87
CO.
1888-88
1887-88
&
ing Fund:
200 Lou.
4ll8 Lju.
5 Lou.
& Nash.
& Nash.
& Nash
6 per cent trust bonds, $1,000 each
.'{!200,00)
5 p r ceut trust bouds. $1,000 nauh
118,000
Pensi. Div. first mort. bonds $1,000 each..
5,000
The Nashville & Decatur Railroad Company holds for
mortgage sinking fund the following bonds:
Engines
Passenger coaehes
Freight cars
BIRMINGHAM
its
3S»
SS9
11«
316
10,12a
311
10,907
119
331
11,681
t3,M8
MINEJLVI4 R.\ILROAD CO.
first
each...
$91 000
each....
SU.OHO
11 Tennessee 3 per ceut buuds, $1,000 each.
41,000
1 Nashville Curpiii'utmu bond.
1,000
1 Nashville Corp iratiott bond
500
The trustees of the Louisville
Naahville and Soutli &;
North Alabama trust deed hold the following bonds foi- the
Engines
Passenger coaches.
sinking tund:
Lou. &JSaalL$ percent
Engines
Passenger coaches.
91 Lou. iSENiish. Pensa. Div. first mort. bonds, $1,000
39 Nash. Chatta. &6t. l^ouis 7 per ceut bonds, $1,000
&
—32
tiiistltaDds,
$1,000 each
$2J,000
5«1
OWKNSBORO & N.\SHV1LLK RAILWAY
kinds, and four hundred
have been
and thirteen locomotives,
all of
which
maintained in efficient condition at a cost of
$1,587,573 80, which has been charged to operating: expenses.
The expenditures last year on this acount were $1,741,730 16,
showing a decreise this year of $154,162 36.
Thtre have been built in the various shops of the company,
and chf rged to operating expenses, five hundred and eight new
cars, consisting of four passenger coaches, one baggage car,
twenty-eight caboose cars, nineteen box cars, two refrigerator
cars, fifty-three fruit cars, one oil car, two hundred and si.x
flat cars, one hundred and ten stock cars, thirty gondola cars,
fifty-one ore cars and three maintenance of way cars.
There were built in the shops, and charged to construction
account, three passenger coaches, three baggage cars, one
postal ear; and there were bought four hundred and sixty-nine
Dox cars, tliree hundred fruit cars, and thirty-nine gondola
cars, making a total of tliirteen thousand three hundred and
seventy-eight cars. From this has to te deducted s-ix himdred
and eighty-three cars destroyed and one hundred and fifty-one
cars stild and tran.sferred to other roads; total, eight hundred
and tliirty-four cars, leaving a total on hand on July 1, 18f<9.
of twelve thousand five hundred and forty-four cars.
At the close of the fiscal year ended June 30, 1888, the equipnit-ntof the Birmingham Mineral KB. Company consisted of five
hundred and sixty one cars of all kinds. During tbe past fisciil
jfCdr iliere were purchased for the Birminghnm Mineral R;i !fully
N.VSnVII,LE
i',286"
CO,
4
S
9a»
4
6
Freight oars
EQUIPMENT.
At the close of the fiscal year ended June 30,1888, the equipment consisted of twelve thousand and fifty-five cars of all
5
Freight cars
5
32
30
FLORBNXE & SHEFFIKliD RAILW.VY
Engines
Passenger coaches.
Freightcars
CO.
S9
W3
3
4sa
RECAPITULATION.
Engines
Passenger coaches.
Freight cars
1887-88
1885-S6
1886-87
384
10,157
319
326
338
10,987
12,519
14,274
424
1888-89
439
Increase over
I8S0-S6
1170 per ct.
432 "
"
40-55
Since July 1, 1889, the demand for freight cars has largely exceeded the supply, and if the business continue to increase, it may
be found necessary to further add to the equipment. The policy
of your Board of Directors has been, as far as possible, to pro-
equipment to meet the constantly-increasing business, and
unless this had been done it would have been impossible to have
the gratifying increase in business shown by this report.
Oood work can not be done without good tools, and increasing
traffic cannot be handled without the necessary equipment.
This table shows that there has been a decided increase in the
vicie
equipment.
The increase in locomotives has been 48 or 11 '70 per cent ; in
passenger coaches, 14 or 4-33 per cent and in freight c*r*, 4,117
or 4C'55 per cent.
;
October
5,
IHE CHliONlCLE.
I8s».j
439
in the motive power is ITTO per cent, this
rn-ctlon of a passenger station wng begun on Broadway, betwecO
not represent anytliinf; ]il<e the increase in its cupacity us Tcntli and Eleventh streets, and $3i,703 58 expended on th*
there have been sold and disposed of many liglit locomotives foundation.
which have been replaced by heavy consolidtttion engines, weighAbout this time the Louisville Cincinnati & Lexington Railing from 115,000 to 135,000 pounds, so thai tlie increase in power way was acquired by the Louisville & Nasliville, and the work
has really been much greater.
on the new station was suspended. Since that time the paaeenger
The increase in the carrying capacity of the freight cars has business has been divided between the Tenth Street and Water
also been very great, such of the 10 and 15 ton cars as have Street stations.
lieen destroyed, having been replaced by new standard cars carThe trains of the Louisville Cincinnati & Lexington Railwar
rying from 20 to 30 tons.
coiild only reach the Tenth Street Depot via the Louisville RailNotwithstanding the very great increase in the equipment way Transfer, going south, for a distance of three miles from
since Jane 30, 1886, the Company has paid off and canceled Louisville, where it connects with the main line of the LouisTille
•1971,000 of Louisvihe & Nasliville Car Trust Certificates, and
& Nashville lUilroad, from which point they would rtjn north
$39,594 90 Louisville Cincinnati & Lexington Cur Liens, in all over the main line into the Tenth Street Depot, which ren^1,010,584 90 which were outstanding at that date.
dered this depot impracticable for your through passenger
The Board of Directors during the last three months of tlie trafflc.
fiscal year authorized the purcliase of 500 refrigerator cars, 500
Within the last monih or two your Company has built a line
bo.x cars, 500 fruit cars and 500 gondola cars, in all 2,000 cars,
through "A" Street, connecting the ninia line witli the Louitalso 10 switch and 10 consolidation engines, all of which have ville Railway Transfer, which will enable the Company to conbeen contracted for at a cost of $1,175,000. This is strictly an centrate its passenger business at the new Union Passenger Deexpenditure on capital account, and the Board decided to is- pot, now in course of erection at Tenth Street and Broadway.
sue RoUmg Stock Trust Bonds to cover the cost of this addi- This line will save a distance of some two or three miles.
tional equipment, and hold them in the treasury.
The new Union Passenger Station now being erected will be
Of these cars there have been delivered during the months of large, commodious, and more than sufTlcient to do the business
May and June, 475 box and 275 fruit cars, making 750 cars, at a of your line, and arrangements have been made with one other
cost of $330,000, and Rolling Stock Trust Bonds to that amount company to use it, and it is expected that arrangements will be
have been issued and placed in the treasury of the C!ompany
aade fur its use by other companies.
and when the remaining 1,250 cars and 20 engines are delivered.
The cost of the new passenger station, including tracks and
for
them.
issued
All
Rolling Stock Bonds will be
this rolling other facilities, isestimatvd at $336,415.
1st
next.
November
stock is to be delivered before
Decatur : It was found necessary to erect one of the principal
shops at New Decatur, Ala., and fifty five acres of ground were
PASSENGER TRAFFIC.
secured at that place for this purpose. There has been spent on
The whole number of passengers carried was 4,334,175, an in- these shops to June 30, 1889, $314,.578 07, including the machinery
and appliances and tools, wtiich are of the latest design and
crease over the number carried last jear of 163,259, equal to 3'99
most approved patterns.
per cent.
These shops are large enough to do all the repairs to rolling
The average fare received per passenger was 90 cents, against
stock for about four hundred miles of read, and are fully
98'29 cents last year, a decrease of 843 per cent.
The aggregate numl)er carried one mile was 167,087,533, equipped for building new locomotives and cars.
Howells : Large shops similar to those at New Decatur are in
against 173,292,336 in the previous year, a decrease equal to 3 59
course of erection at Howells, Ind., near the city of Evansville.
per cent.
The number passenger train miles was 4,063,002, against These shops are large enough to do nearly all the repairs to rollThere has
3,855,192, being an inciease of 539 per cent compared with la.st ing slock on the HendersoiTand St. Louis divisions.
been spent on these shops to June 30, 1889, $71,204 98.
year.
When the shops at Howells shall have been completed, the
The average number of pas-engers carried in each train was
39 "35 against 43 '89 in the previous year, a decrease of 717 per Company will have four large principal shops, viz., at Louisville,
Decatur, Howells and Mobile (two of which arc entirely new).
cent.
The average number carried in each passenger car was 10 90, They are well distributed, being located about three hundred
miles apart.
By thus concentrating the construction of and the
against 11 55 in the previous year, a decrease of 5 '63 per cent.
The average distance traveled by each passenger was 87'80 principal repairs to rolling stock, it is believed tliat considerable
miles, against 40'87 in the previous year, and the average rate saving in this department will be effected, althonph it will be
received per mile from each paisenger was 2 '33 cents, against necessary to maintain some of the present smaller shops at ether
points on the line.
3'40 cents in the preceding year.
Cincinnati : For some years the Company has had an arran^FREIGHT TRAFFIC.
ment with the Pennsylvania Railroad to furnish facilities at Cincinnati for handling its freight traffic.
These facilities were inThe earnings derived from the freight trafTif; of the year show adequate, and it was found necessary to obtain additional room
a decrea.5e of $204,833 08, the figures being $10,876,837 10 gross
and accommodations. It has taken two or three years to acfreight earnings, against $11,081,650 18 earned in the previous
quire the necessary property at a reasonable price. The Pennyear, being a decrease of 185 per cent.
.sylvania Company ultimately secured property adjoining the old
The tonnage carried was 14,443,983 tons, against 13,172,010 freight depot and during the past year the old freight depot Las
tons carried the previous year, an increase of 2,271,973 tons, or
been taken down and a large new one built upon the property
1867 per cent.
The tracks have been entirely re arranged, and the
The average rate received per ton was 75'30 cents, against purchased.
ground upon which the old depot stood is used as part of the
8800 cents the previous year, equal to a decrease of 14 43 per yard. By this arrangement our facilities are now more than
cent.
doubled, and we are able to handle the increasing trafiBc
The number of tons moved one mile was 1,077,321,842, against cheaper and more satisfactorily.
997,094,253 in the previous year, an increa,se of 80,127,590,
The valuation of the grounds, new depot, and tracks, on June
equivalent to 8'04 per cent, and the average rate received per ton
30, 1889, wtw $320,170 90. on which by agreement with the
per mile was 100 cent, against 1-06 cents last year, a decrease of
Pennsylvania Railroad Company we pay 6 per cent per annum
5'66 per cent.
interest
The number of freight train mile? 0,856,869, against 6,987,079,
Memphis : During the year the Company bought real estate
being a decrea-e of 1'86 per cent compared with !a?t year.
adjoining the passenger and freight depots at Memphis, at a cost
The number of mixed train miles was 345,363, against 230,902, of
$35,058 25.
being an increase of 49'53 per cent compared with last year.
The acquisition of this property will materially add to our
The avera ge number of cais hauled in each train was 18'52, and facilities for handling the business at that point.
the number of the same in the previous year was 1775, an inDOUBLE TRACK.
crease of 4 '34 per cent.
The a verage number of tons carried in each train was 15972,
Contracts have been made for the building of a second track
against 14925 in the previous year, an increase of 701 per cent.
Anchorage, on the Louisville CincinThe average number of tons in each loaded car was 12 09, from East Louisville to
1001 miles from South Louisville
While the increase
floes
;
;
;
showing an increase of
4'31 per cent.
of miles that each ton was carried was
74'60, against 81 "91 last year, showing a decrease of 8 92 per cent.
against 11
,59
last year,
The average number
IMPROVEMENTS OF BRIDGES, TRACKS, ETC.
Your
attention was called last year to the necessity of replacing the lighter bridges with those that can carry the heavier engines and trains.
During the past year the Compiny expended, over and above
the value of the old bridges, $95,032 51
an increased expenditure over the previous year of $4,883 20.
There was expended for ballast $304,741 70, being $24,554 03
less than was spent during the preceding year.
The increased business necessitated the lengthening and building of new side tracks. The expanditure during the year for
this purpose amounted to $103,841.71, baing a decrease of
$4,100 89 from last year.
;
GENERAL IMPROVEMENTS.
Louixville : A pissenger station has long been needed at Louis
ville.
In 1880 and 1881 additional land was bought and the"
&
nati
Lexington Division,
;
to Shepherdsville, on the main line, 15-2 miles ;
miles, and on the
Junction to East Nashville, 8
from Edgefield
South & North
Alabama Railroad from Boyle's Station on the north to Birmingham, and from Birmingham to Oxmoor Station, in all a distance
of 9-8 miles, all of which are contracted to be completed by
1st next, at an estimated cost of about $500,000.
These second tracks will be thoroughly constructed, being well
ballasted and laid with steel rails of 68pound section, and when
completed will greatly facilitate the handling of the Company's
November
business.
track should
.18 the means can be provided, a second
be built from Anchorage to Lagrange, a distance of 14 miles,
at which point the line diverges, one line to Cincinnati and the
other through Frankfort to Lexington, Ky.
A second track should also be built from Shepherdsville toLet>anon Junction, a distance of 12 miles.
As soon
also
At Bardstown Junction, four
miles south of Shepherdsville,
Bnrdslown Branch line nins through Bardstown to Springfield, and at Lebanon Junction the Knoxville Branch leaves the
Main Stem and runs to Jellico. The Cumberland Valley Branch
leaves the Knoxville Branch at a point about 30 miles uoilh of
the
THE CHUONICLE.
440
" To the Board of Dirtcton oj the LouimUlt and KashtUlc R. R. Co.:
" In January, 1888, the London Btocliboldera, by their circular
addressed to
the Board of Directors, recommended th«t the surplus carnlnRs of the property of the Company be used In betterments and that stock dlridends be paid
and runs through Pinevillc to Cumberland Gap, and is to
be constructed to Norton, where it will connect, when completed.
This second Irack will,
with Uie Norfolk & Western Railroad.
as soon as this additional 12 miles is completed, greatly facilitate
the handling of the business from these two Branches.
Jellico
NASHVILLE CHATTANOOGA &
Your
from
ST.
In the place of cash for a period of three years
from Jnly Ist, 1887. These
recommendations wore approved by the stockhitdora at a special meeting
held at Louisville on the 81st February, I8S8, and resolutions were pas<eil to
authorlie an additional |3,oro,ooo of stock, to be issued in payment of stock
dividends; and four stock dividends amounting to $3,112,800 In all have been
LOUIS.
called to the statement of general results
the operation of this road for the past year, compared with
attention
is
declared.
• By theadopilon of this policy the
company has been in the position to use
Ihe surplus earnlnus to great aclvantauo in maklna addlt'ons to the property
viitually paying for the same with the Common Stock of the Company at par .
" Had a difTcrt-nt policy obtained and hal ca>h dividends been declared for
the past two years, the Company would have been compelled to borrow money
by the Issue of securities, to pay for amounts naed for cnpltut account.
" In pursuance of this p>illcy the Board has aulhorlied the building of second tracks on about Hfty miles of road, the renewals of brldge-s, h:illast for
tracks, the building of new freleht and pas.nenger depots, the purchase of new
equipment and other necessary betttrments, all of which will absorb the
surplus revenue of the Company for Ihe three years ending June 30. 1860. If
the business of the Company remains as now. and there Is no reason why it
should not continue to be as good as for the year just ended, it is hoped that
the payment, of cash dividends can be resumed after July 1, 1*)90. It is only
reasonable to expect that the good results derived from the wise poUcy which
fcir the six years ending June 30, 1890, has prevailed, will by this time be fully
the year previous
For 12 mos. ending
June 80, lt^88.
For \i mo8. endiuK
June 30, 188».
Oross Famlnirs
Operating Expenses.
»8.S00,185 17
1,051,444 69
Net Earning!!
Interest and Taxes
»3,''»1.6,')349
1,770,248 75
11,331,404 71
»1 ,848,720 68
868,895 54
60,903 8«
IiiiproTements
Surplus
Deduct dividends paid.
Net surplus for year.
7CO,S84 15
M9,798flO 1 145,013 22
905,849 37
418,921 68
333,420 58
415.,'>55
1
37
266,741 35
148,814 02
85,495 10
.
[Vol. XLIX'
felt.
capital stock of the road is |6,668,606 25, of which the
Nashville Railroad Company owns $3,385,000, or a
Louisville
majority of the entire capital stock.
In October, 1886, that Company resumed the payment of cash
dividends, at the rate of 1 per cent quarterly or four per cent per
annum, and on .luly 1, 1888, the dividends were increased to 5
per cent per annum, or IJ per cent quarterly.
The shops of that Company are located near the passenger and
freight depots in the city of Nashville.
They are old wooden
structures, inconvenient, and not large enough for the requirements. They are building new, large, and commodious shops,
about two miles from the old location, on a portion of the seventy acres of ground owned by that company.
These shops are
conveniently situated, about the center of their lines, and are
ample to do the repairs on all the rolling stock on the 653 mUes
of road owned by that Company.
" The application of net revenue for the three years from July 1. 1884, to
June 80, 1887, enabled the Company to change the gauge of its road and all its
equipment from 5-foot gauge to the standard gauge of 4 feet tj^ inches, and
The
&
DIVIDENDS.
During the year your Company has declared two scrip
dends, viz
2 per cent, payable February 11, 1889
3 per
payable August 19, 1889, which are convertible into stock.
The capital stock of your Company now amounts to
:
;
divicent,
f33,-
112,800.
CONCLUSION.
Your
attention
is
1,
1884, TO
JUNK 30, 1889.
L.iHSf. Fyslem.
?:961,739 48
Side tracks
Ballast
Bridges
Depots, ."hops and other bulldinga
Eeal estate
Change of gauge
Sundries
Total
Of the
total
V35,8y6
422,934
643,427
384,234
575,137
66,366
187,148
310,064
55
14
33
53
29
32
45
96
S4,28e,918 05
amount
of $7,485,095 01 of surplus received by
the company during the above time, the remainder has been
spent partly in paying the excess in cost of branch roads over
the amounts for which they were mortgaged, partly for the
redemption of bonds for the different sinking ftmds and car
trustB, and partly for change of gauge and other expenditures
made for the benefit of the system.
The very large amounts expended, as shown above, have
put your property into sound physical condition, thus enabling
the company to do all its business with profit and dispatch.
The company is also in a good, sound, and strong financial condition, brought about in part by'the large expenditures made
during the last few years in improving your propertv, and in
cariring out the recommendations contained in a memorial to
the Directors, from some of the largest stockholders, in January, 1888.
At a board meeting of your Directors, held in New York
City on September 23, 1889, a communication to them, from
myself, was read, and resolutions were passed authorizing the
issue of the following circular
"
I
further
recommend
the following resolutions were duly adopted
SfiAved, That the communication of the President Just read
be spread
at liugth ujion the minutes, as follows:
the stock be disposed of by the Board of Direct-
tliese
above provided.
recommendations be adopted and the negotiations reach
a successful conclusion, there will be a reduction of the fixed charges, aa follows:
"Interest on the $10,000,000 Collateral Trust Bonds at 6 per cent. $000,000.
In addition to this, the annual Sinking Funds of 1 per cent on the $10,000,000 Collateral Tmst Bonds wjuld be canceled, amounting to $100,000,
and the remainder of the proceeds will ill like manner retire further obligations. By the taking up of the Trust boodj the aunual Intereat charge Is reduced by $ii00,00) and the alsklng fund charge by $100,u00, in all $700,000 of
reduction of annuul chargea, which may be applied toward cash dividends,
in addition to such further amount as will be gained by the taking up of
any other interest-bearing obligations. The reduction by so large an amount
of fixed charges will be beneficUl to the credit of the Company.
" By canceling tlie Trust Mortgage, for the sec\irity Qf which the $28,162,700
of collateral securities are deposited in the United States Trust Company,
the securities remain only subject to a se- ond mortgage of $5,000,000,
being the six per cent ten-forty adjustment mortgage, which can be paid
on October 1, 1891, and when this also is paid the $28,162,700 of securities will
revert to the treasury of the Company.
" After seriously considering this whole subject, and after making and discarding many plans, I am of the opinion that the Company In Its present
credit, and with the present favorable surroundlnga, can dispose of aufliclent
of Ita capital stock to effect these objects.
Dated
New
York, September
EX. NORTON, President."
23, 1889."
Beiolved, That the Board hereby recommend to the shareholders of
the Louisville & Nashville Railroad Company at the next annual meet-
ins that the capital stock of the Company be iucieased by the issue
of $13,000,000 of common stock, and that the Board of Directors be
authorized to dispose of the same in such mauner and at such times and
upon such terms, as they may deem best fo the Interest of the Company provided the same first be offered to the stockholders of the Com;
pany
in proportion to their scvfral holdings; and further provided that
the proceeds thereof he .applied solely to the retiremen' by payment of
the existing issue of .$10,000,000 6 per cent Collateral Trust Bonds
on the Terms provided In the Deed of Trust, and of such other of the
interest-bearing obligations of the Company as the Directors may approve.
Beaolved, That In order to prevent all misapprehension, a copy of the
above resolution be forwarded to all stocklioldeis of record In the
United States immediately, accompanied with a notice that the subject
will be brought before the annual mohtiug to l)c held in Louisville, Kentucky, on October 2d next, and that a copy of the reai lution with due
explanation be transmitted to London and Amsterdam by cable, so that
due notice may bo given in those cities.
Sir:
At a meeting ol the Directors of the Louisville i NnsUvillo Bailroad
Company, this day held in tlie City of New York, the President read to
the Board a formal commuDlcation recommending the issue of further
common stock to the amount of $13,000,000, and the sale thereof on
such terms at tlie Board of Directors shall direct, the proceeds to be
nacd solely for the purpose of taking up the outstanding issue of $10,'
000,000 per cent Collateral Trust Bonds, and such other luterest^btar.
Ing obligation.s of the Company as the Directors may approve,
tliat
may
ors in such manner and at such times and upon such terms as they may deem
best for the interest of the Company, the same being first offered pro rata
to the BtocklKilders of the Compaoy, and the use of the proceeds being
"
LOUISVILLE & NASHVILLE BR. CO,
60 AND 52 E.\CIIANOE PLACE
New York Crrv, seit. 23, 1889.;1
Whereupon
ninety days' notice.
" \id. By the retirement of such other interest-bearing obligations as
be deemed of greatest advantage.
"Should
JLMOCKTS CHARGED lO CONSTRUCTION ACCOUNT FROM JULY
Cars
Engines
"1st. $10,000,000 six per cent Collateral Trust Mortgage bonds. The
amount of bonds now outstanding being $9,462,000; $538.C00 having been redeemed and canceled through the operation of the Sinking Fund. These
bonds can all be retired by the terms of the Deed of Trust at UO, by giving
strictly applied as
called lo the following statement
Bepemled tor—
to make other betterments, the stockholdo-s receiving nothing to represent
the amount expended. For the three years from July 1, 1R.S7, to June 30,
1890, they have received or will receive stock for I he amount expended on
the betterments made during that period.
" The best evidence of the success of the policy pursaed will be found by
comparing the financial and physical condition of the road now with the conditions existing on July 1, 1884.
" To put the property upon a permanent cash dividend-paying basit, and in
a
manner that will be just and fair to the stockholders. I respectfully snggest
that the proper steps be taken to Increase the i-apl'al stock by $13,000,000, the
same to be Issued and used only for the purpose of retiring and CAnceling
!
I
The commuDication and a copy of the resolutions are transmitted
you as a shareholder that you may have an opportunity of withdraw^B your proxy In case you have given one and you should so desire, or
expressing your judgment as a shareholder on the subject at the annual
meeting of shareholders to b3 held on the 2d day of October next at the
city of Louisville, Kentucky, at which meeting the subject wiUj bo
to
submitted,
Kespeetfully yours,
EX, NORTON,
President.
October
THE CHRONICLE.
18P».J
5,
Carried ftrward
INCOME ACCOUNT.
Oroti earning»—
From rroiKlit
From piissentjers
From mails
From express
From mIscelUiueous
(
>
1
1
vo
i>i
)
01
L. C.
4l«.0ii»»l
3M8.139 04
450,010 45
i.'y^a.^'ui
01
l,Sli8,;!-i:>
Ucneral expeusts
1,0J1,07.'>
87
51
62-21
Total operating etpenses
i
10.326,035 57
er cent.
he'd
ntrn' i,oan
it
$1,60.),492 37
•^:i,37t> 29
401,112 92
Bonis
$50,.000 03
41 ,207
(Investocl)
A
Bcmdi
N. and 8.
'e li
(liilanco unluvrsteili
N. Y.,
'.o
N. Y.. Trust
i
872 49
redeem called ISiuds of
Mem.
677,109 97
7 3 42
275 CO
Bondf Redeemed
L.
rf
N.
and
A
S.
N. i. RR.
Trust
Deed
Sinking Fund
$in,or)0
ADVANCKS.
$330,360 00
BlrmlDKhxm Mineral RR. Co (balanceof account
"
"
Houih & .Vo tb .\ a'lamaRR.
964,440 01
Nashville
1,594, '00 00
Mob
.
.SJ25,')38 99
NortU Alabima Riilroad
(loss in Oiieration)...
-—225,535 00
-
;
loss account.
I
!'
&
& M
"
'iitgo'.ney R"y
>ortheru U,v Ciimb. &. O. FR.
Southern Div.. Cuiiili & O. RR.
Pensaoola & Atlantic RR. C).
Mammo:h Cave RR.
,
"
"
"
$71 ,59B 32
42
to flats)
"
"
"
"
Dji-alur RU.
•.<.l:i,.t:i8
•'
771,,907 62
•.
"
"
•'
79
49
17081
1
,S30 6H
$2,313,'84 01
Net
$1,50^,935 80
'0,-*l7 55
..
142,87)74
>..
8,17S 81
551,174 59
.f
Trallic balances
due from other com-
77,88717
panies
31,126 91
Due from Adams and Somhirn Er. Co.'s.
Due from U. S. Oov. P. O. Jjep irtmeiit ... 112,344 22
Dun from i-umlry railroads uud peroous.. 1,246. 074 6'J
140.903
Bi.U Receivable-Land N..te8
—Other Notes
?i8
M0.697 43
2,222,004 58
2,'>77,133
24
$3,766,561 90
Debit.
—
—
Juno
$135,380 20
$719,64105
Cash
G),101 00
sold
To Premiums pa'd on Bonds rodfemcd
To Uncollectible accounts har,jed off.
To
,43-'
•,
'•
CnKRENT ASSETS.
Mit rinlsand s'tpplieson hind at shopsaodon line of road $1,030,428 6S
$132,09828
Due from .Station A«ei,ts
Credil.
By Balanc! to credit of this account Juna 30, 1888
By Interest received on B,md< in Siiikn'i Funds
By rr.tlt on Cjiistrucllon of Birmiughim Mineral RR
By .amount realized on old accoiii ts
By balance to ceil t of Income Acoouat June 30, ISS
1(9,,045 8-J
11
10".,455
$351,174 59
.
PROFIT AND L03S ACCOUNr
FOR YEAR EN'DED JUNE 30, 1889.
.$66,279
20
$102,-;37,496 36
Total assets
19,941 2i
LliBLlTIE.".
863,003 11
1,27.',7T9 02
:
30, 1839
balance to creiit of this ac.ount
00
$14,302,447 73
Dediicl—
2 per cent stock dividend declared
January ii, 188)
3 per cent stock dividend declared
July 18, 18.8J
To Discount on Bonds 80M
Deduct Premium reooiveil on Bouds
3j00
,
,381 S8
$295,519 99
i?l,92M38 89
and
25
17
$1,243,329 OJ
profit
50
X. A.
Clarksv. &, LiuisvtUo RR. (Invi'stfd) ...
Trustees .M-iu. Clark -tv. A-Lou. RI{ ib il mce unluvu-t'J)
U. S. Tiust Co., N. Y^., Tr'stocot Tr'st B'dd (bjl. uuinv )
TriiB'ees
Netlocomofor year.
00
btf
.
RR. Trut Deed
Union Trust Co.,
RR. Trust D'cl
Unl.m Trust Co.,
Cecilia Branch
$6,373,310 67
,
Net surplus carried to
Fur
$4,439, 000
Income from Investments.
Company
!>•/
Trnnteex of Sinking Futult —
Trustees L-ou. C'lu. & L9x. K'y Si'iki iK Fund
UnloQ Trust Co N. Y., Trustee I. fi N. and a & N. A.
and Oiuk
liOTuIa
A(l(l-
!>'
7.'i
$ •.>27,i77"74
5,02>,')8158
To
CO
TriulOo.,TrttKleefor 5 p.c TruntHnnt—
BIrmlnKl'xin MIn. RU. First Mort. Bonds $?,'?39,000 ''O
O ivensboro & .Va^ll. Ky. First Hort.B Ja. 1,2 <0,0U0 00
37'79 per cent.
Net earnings fr.im trallic...
Deduct fixed charaes—
Interest and rents
Loss on (ieoritia RR. laaso
Taxes
A
3,205 OOO 00
...
$!l,"O1,059
Botidt held In Irani
ive r
ivtanded by South
Gea. Mort.
I,.
fa.flas.ooo
g!l.l04,S05 20
2,211, 'iO') H.i
>rAiatenaiice of cars
Mulntonanee of way aurt structures.
Net earninsts
&
$1<>,S03,390 24
Tjtal earniuKS
Dtdiirl operalinij expunncn —
C iiuluotliiji iranajor ation
M
.
4,'>38,yo'J
^'i^iji.ijl 40
9j 10:0,919 IS
Leli.-Kuox Br. K'nids.... 1)11, .500.000 00
2,077,'»OOOJ
A vlnnt. D V
1,248,000 00
Pen. <fe -^elm i l>lv
M.ibil"
„,, .,. „.
f 1I,32\'234 77
^.
441
.$2,2/2,004 58
GENERAL BALANCE SHEET JUNE
30, 1889.
CAPITAL STOCK.
$32,024,520 OJ
Sloei Uvied
Crt' Hal Sio k Liability—
Oriiiiual stock and sab 'quent dividends unis ued
8ciii' i-suedon stock diviilei.di 5, 6 and 7
Stock dividend No. 8,payal)le Au.ust 19, 1858
$Oi,'?0l00
32,23 J OJ
061,14000
Dr.
ASSETS.
COST OF ROAD AND E'^L'1P.MEST.
flxturos
448.952 19
-$73,730,905 42
^52 ',433 98
1.NVKSTMEST8.
Bond) owned—
South & Nor h Alabama RR. Consoi'd Mort. Bonds
Ten forty Adinslment B,juds
Collaler,il Iru-it li<ind<
Penaacola
& At
antic RR. First
M >rigaKe
PensacoU & Atlantic KR. Second
...
1,000,000 00
7i>,0 JO <i0
138,191 2.)
Bonds
.Moitjia^e
$2.O8?,'lO0 00
Bmls
27",'I0J 00
50,000 00
78. Od 00
& Lex.
Rv. (icueral Mortgage. IS inds
Sloss Iron&Ste ICo. First Mortgage Boads
Lou. Cin.
00
2.'',<j00 00
9.)«,000 00
53,10)00
00
23,0
l.J3,200 0)
2SO,S02 50
Mortgage Binds
Elkton it Guihrl' RR Fist Mortgage Bonds
PeusuolaA Ailantic BR. Li'd Or.iiit Bonis
Lou.A Nash, and Mobil- & .M nt.Rr.Trurt Deed B m Is
Na.-liville Iron. 8t.n-l & CUaicoal Cj Firnt Mori. Uoudi
"Nash. Florence* Shettleld Ky. Fist M irt. 5 p. c. Bond*
Five p. c. First Moitga.c C dl.ileral Trust Gold Bouds.
!{ lling Slock Trust Bonds, Heries A
Sundry Railroads and other Bunds
KnrekaC
'.
2i',OI)0
First
B30,0 /OiiO
aO,930 74
$5,507,284 49
Slock' owned—
Nashville & Decatur
BR
$U3,334 87
Owenshoro & Nashville By
.Mineral
lS5,'Jo3 48
.,
Xasliville Florence & Shetntld Ry.
lOureka Co. Iron Fuinace ...
Birmingham
110,10000
..
100,000
RR
69,37')
KIkton <fe Guthrie RR
Henderson Bridge C\)
Louisville Ry. Transfer Co
Moliile & Montgomery Ry. Co. ......
South & North Alaliania RR Co
Birujiugham Roldng .Mill Co.
Sundry Railroa<l8 and other Stocks.
1
00
14,875 10
501,000 00
32.(il7 73
10,313 20
•
TRUST ACCOUNTS.
.$21,231,837, 49
L. C. A; L.
Ry. Stock,
which, havli g b-en addud t.i iheCo.sc
of Road, Is hereby ileducted fruiii this
account
Deduct Bonds included
$3,070,939'
in
Bonded Debt
deposited with United Stiles I rust
Co. to sicuie .$9,4iij.000 Trim Bon is,
which, having bci 11 ilcilucteil from the
Liabilities (Boiideil Debt). Is theref'irn
•
tliis account, viz
deducted from
7, '>7",000
Consnlidat-»l Mortgage Bonds
Ten forty A'ijustnteut Bond-*
Memphis Claiksvllle & Louisville RR. First Mort. Bonds
Meuiidiis i Oiiio RR. First Moitgage Bonds
New Orle ins .Mob.le i Te.xas Div. Fiist M.irt. Bonds ...
'•
Secon'l .Mort. Bonds..
P'^nfacida Division First Morig go B.;tds
M'irtgige
Bimds
Cecilia Branch Flist
Evansville Henderson & Nashville Div. F rst Mort. Boi d«
Loaisv. ANiishv. und Mobile it Mon". Trust Doeil Bouds.
Southeast & Ht. Lniis Division First .Mortgage Bonds ..
Seci ud Mo.tg ge Bo.ida
5, ,00O,')00
2,,015,660
00
00
00
,500,000 J
,ooo,ojo 00
,'iOP,"00
00
58"i,O0O0O
875,000 00
.324,000 00
,»i7 7,000 00
,600.00 00
I
00
00
00
2, 8.,0.000 00
89'^,OO0 00
3 ,258, '100 00
33J,'JOO 00
1 ,53;>,'J00 00
4 ,439,')00 00
3,009 00
330,01.0 00
OOO.'ioO
Lebanon-Knoxville Branch Mortgage Boii'ls
Pensa "da as Selma Division Firtt Mortgage Bonds
Louisville C.ncinnall & Lexington R"y First Mort. Bondi
"
•'
•
'•
Scc.M d .Mort. B'ds
"
"
••
"
Gen r"l Mort. B'ds.
Exieusiou
Bonds...
City of Louisville, L"banon Br.anch
FiiBt .Mortgage 5 per cent Fifty-year Gold BoLds
Five percent Collateral Trust Gold Binds
C .r Trust Ceititlcates, due April 1 1889 (not presented)
Rolling Stock Trust Bonds, Scries A
1,,5l 0,')1'0
I,,24>'.000
.
$74,'-59,660
00
Deduct Bonds included in Vie foregoinn deposited wi'K
V. 8. Trust Vo., Trustee, to secure $9,462,000 Trust
Bonds, viz.^
$1..500,0
Lebanon Knoxvillo Br,^nch Bonds
Lou & Nash, and Mot). & Moot. Trust Dee,l B nds... 2,677,000
l,2l8.0oO
Ponsacola & Selma Div. First Mortgage Bondi
Louliv. Cluciunati L'XingJn Ry General Mort. Bo ds 3, .08,'JOO
00
00
00
OO
$8,633,000 00
$6^,"26,000 00
Cl'BRKNT
Bills l),^vable
Pay KoU.il tor
Juue, 1889, payable
Vouchers for Juue, 1889, payable
r.IAUl
1.1
m July.
in July.
Unclaimed on Pay Rolls and VoacLiers
in trust by the
United Slalen Trum Co
Deduct cost of
$11 ,9 R4, 000 00
» 402, 00 00
Ge'eral Mortgage Bonds
Collateral Trnst Bonis
31.000 00
44,8il 29
$7,481,718 27
and 1on4>he!d
00
25,3:i2 2)
$1,974,433 78
Slocks
00
$33,ll?,9..0
UONDBD DEBT.
$73,231,953 23
and fquipment
Uuderctnistrnetion ntd completed
Cutuberla'id Valley BraucU
Ciis, of road to June 3'', 1889
Real estate, (juarry and limber lacds
Road
Total capital stock and stock liability.
$1,08-1,280
TIES.
$193 20JOl
$75J,15:) 24
517.596 00
287,12307
l,55637iS"iI
on Bonds duo July
Unpresenlcd Coupons
Interest
Cis'i
1
and Aug.
78
94,7/8 50
1... $130,7,10
531.509 28
33.504 43
410.096 41
Dividends unclaimed
Due sundry
Protlt
railroads
and person?,.
and Losi Account.
Total Liabilities
..
$2,725,257 34
$1,272.779 02
$102,937.186 36
THE CHRONICLR
442
TOTAL EARNINGS, OPERATING EXPEN.SES AND
Ptrc'nt'te
of Orou
Sai n'gi.
Souret:
24-316
Tus««DR('r enrDlDg»
ExiTfRH rHrnlugg
Mail citriiin^Q
2^^218
2524
,,.
Tro
11 iinvlleKes
FieiKlit pariiiuf;s
R<-Bt of pafsenpcTcars.
Bent of rreit'lit ear*
Croft
Optraling
Earning).
irpenKt.
354
•899
1M64'
1003
IRcitof ODgmes
i
11,325.2341
58,8141
149,211
4.2)7.490
58.8)4
7,107,744
14ft,2!l
Rents
•269
44 594
166.549
44.594
<"flrc'eti'nl'n»,8lor'go,iS;c.
•COS
1,264
1,204
•042
•002
•023
6,P37
6,937
.
16*<,.'549
Wl
artiHre aud gtoraKr,
PcBsa o)a, Flrt
Bridge t'llH
*TcI'>frj.pb
100 000
lofal
319
is
Friday Night. Oct 4, 1889.
The weather lias l)een exceptionally good throughout the
week under review, favoring the requirements of agriculture, promoting the movement of the crops and stimulating
trade.
Extreme stringency of the money market, reported
from the Stock Exchange, has been but little felt in mercantile circles.
The following
$10,326,085 $",27? ,310
.•fil6.5y9,39t
owned by the
330 Rolling stock Truxt Bo da. $1 .000 each
l.OCO 10 40 ArtjustmentBonde, $1,000 each
76 8lx percent Collaterul Tru..t Bonds, $1,000 escli ...
2fO Fiv6 I er cent Collateral Tmsl Bonds. $1,000 eacli..
2,082 Sfoiith & Nun h Ala. Cous. Sp. <•. Bonds. l.< OOeiicli..
50 L. C. & L. Ceiieral MortyaKe Bonds. $l,0(iO ea h ..
53 L. AN. and M. iM. Tn stDeed M. B'rts, $1 ,OP(i each
148 Nashv. Flor. & Shellielrt First M. B'ds. $',' 00 each.
160 Pen-. & Atlantic R. R. First M. B^ds, $1 00 each
360 Tods, it Atlantic K. K. Second M. B'ds. $1,000 ench.
flO« Pens. * Atlantic R.R. Laud Gr8ntB'ds,$l,( 00 each.
UB 50 Elkton & Guthile Ridlroad Boni's, $500 each
25 Nashv. Iron Steol &. Charcoal Co. B'ds. $l.0( each. ..
78 Bless Iron A Stce' Co. First M. Bonds. $l,f 0(1 each.
29 Eureka Company Firsi Mort. Bond°, $1,000 each ..
20 Ky. Public tjevator Secoi d Mort. Bonds. $500 each
.<
$330, 000
1,000, 000
""
76, 000
280, 000
2,0'2, 000
50 ,000
53 ,000
14*' ,010
IfiO .000
.
360,,0(0
COf ,000
25:,000
25,.000
78,,000
,o<o
10, coo
Sundry Railroads and ether Bonds
10, OlO
Pork
bbls.
Lard
Tobacco, domestic
Tobacco, foreign
CotTce, Rio
Coffee, other
Coffee, Java, Ac
Molaifses, domestic
Rosin
Tar
Rice, E.I
Rice, domestic
Linseed
Saltpetre
Jute butts
hemp
hemp
Manila
Blsal
bbls.
Land Notes, Ao
.$811,300
11,100
713,400
P,3i
.'01,0(0
36e-,200
300,000
61."; ,000
1,987,600
14,875
60,< 00
100,000
34,000
3,900
2R,(i(iO
100,(00
47,207
1,122,601
$6,853,083
Total Bonds, Stocks and Bills Receivable
$12,481,123
The company also owns the following bonds and stocks
which are deposited with the United States Trust Companv to
secure the Louisville
This mortgage
is
<fc
Nashville six per cent Collateral Trust
now, through the operation of the Sinking
Fund, reduced to $9,462,000.
The 15,000,000 Ten-forty Adjustment bonds are a second
mortgage upon these securities.
BONDS,
9,1S5
P,7t0
50,589
4,953
15,409
34,925
5,207
14,133
34.246
4), 034
4", 43.')
44,5'. 8
226,829
102,740
7C,100
213,015
No.
bales
bbls
bbls
Spirits turpentine
1889.
Oel. 1.
121,359
40,532
bbls.
Hides
Cotton...
1889.
Sryl. 1
bags.
bags.
mats.
Molasses, foreign
1889.
Oct. 1.
bales.
hhds.
boxes.
bags, Ac.
hhds.
hhds.
$5,625,040
Shares Nat.hv lie A Decaur RR. Co. Stock, $25 each
11 1 .''^hares Mobile A .Hoiitgomeiy Ry. Co. Sfk. $100 each
7,134 Sliares Owenslioro A Nasi). Rr. Co. Stock. $100 each
63 Shares Pensacola A Atlaniic RR. Co. Sl'k. $100 each
5,010 Shares Henderson Bridge Co. Stock, $100 each. ..
3,662 Shares South A North AIh. RR. Co. Stock, $1(I0 each
:3,00i' Sharf 8 Pensacola Railroad C". Slock. $1(
each.
6.150 t-harcs Nnsh. Flor. A ShelHt Id Rv. Co. Srk.$10n each
19,876 Shares Biriuinfjham Mineral ER. Co.Sfk.$IOO. ach
on,"> .Shares Hklon A Guthrie RailroadCo. St'k, $25 each
Shares Lou liar Ck. A Wp't RE. Co. Sl'k, $1C0 each
61
J.O.
Shares Eureka Comjinny Stock, $100 each
346 Shan s Biruin^ihaui Rolling .Mill Co. Srk, $100 eacli
;i9 Shares Ky. Pui.lic Elevator Co. Pld. Sl'k, if 100 each
2fcO Shares Ky. Pui)lic Elevator Co. Com. St'k, $1( Oeaoh
1,000 Shares Louisville Ry. Tran-fer Co. Stock, $100 each
Sundry Railroads and other Stocks
3?,6.'^,2
tcs.
hhds.
Sugar
Sugar
Sugar
Melado
Flour
Bond mortgage.
a statement of stocks of leading articles:
31!>
a statement of the securities
Bills Receivable,
is
'
SECURITIES.
The foUowing
company
COMMERCIAL EPITOME.
P,765
1
Grand
%\it dT-ommctnal Jimea.
Earning).
$4,036,362
368,139
419.G49 U3,218,340 $1,624,364
•115
OS-227
NET.
|Vou xux.
4."*
.3 1,7
2,912
None.
985,691
None.
1,422
4,000
o3 ,600
1
bags.
pkgs.
bags.
bags.
27,g40
3,100
None.
bales.
bales.
bales.
74,000
Nene.
1.
.•
4 360
602,400
25,909
9,' 72
936
271
56,150
4.100
581.900
36,067
211,009
1,234
600
48,000
2.500
None.
6 000
116,000
None.
6,1 9
109,025
1,6(0
None.
8,000
122,000
00
1,
(0
7,.».00
,833
.-200
118,475
6.';
3!:5,575
4 S
4,281
418
6.3:8
.MS
33a
and sacks.
345,100
62
20,542
5,038
42.T00
4,278
None.
6.647
None.
85.(
bbls.
)
The market for lard on the spot has been dull and active by
turns, closing firm, with a fair demand at 6^20(ff6^25c. for prime
city and 6'60c. foi prime Western, with refined for the Continent quoted 6-55(3 O-O.'ic.
The sijtculation in lard for future
deliveiy has also varied in tone, values showing some depression except when there was a demand to cover contiacts,
which was the case to-day, with sales at 6-37(o6-30c. for
January and 6-37c. for March.
Satitrn*y. Movtt'y Turrd'i/ Wtdti'stPy. ThurtcPu. Friday
6^52
Oct. delivery.. ..c. 6-50
6^50
6-55
6 51
654
6^:5
6^35
6-S2
Nov delivery. .c. 6-35
6 32
637
Dec. delivery. .c. 6 29
6-30
6 31
6.9
623
625
Ian. deliverv.. .c. 6^Z8
6^29
6 29
6 27
626
6 30
6-33
Fel.. deliverv..
6-32
c. 6 33
634
031
C^35
.
6-39
6-35
Mch delivery.. ..c. 6^37
638
636
639
Other products of swine rule a shade firmer but are not
materially higher, the only important business of to-day being
in pickled bellies at 7(g7 9-16c. for 12 and 10 lbs. average.
Tallow is firmer at 4S3C., but dull. Butter is up to 20@27c.
for creamery, and cheese again dearer at 10c.@105^c. for State
factory full cream.
Coffee on the spot has been firmer, but dull, and to-day
closes weak at 19i.^c. for fair cargoes of Rio. with sales at 17^<^
(a 18c. for No. 6 and 16c. for No. 8; also Java at 23c.
T^e
speculation in Rio options was at better prices early in the
week. Supplies are larger at all points, but the it ports regarding crop prospects were so iinfavoralile as to prevent the
bears selling freely until to-day, when there was a considerable
decline, especially in the remote options, closing unsettled,
with sellers as follows:
October
I50(e. January
15 50c. April
15-50c.
November ...15'55c. Febiuury
15."0c. May
ISSOc.
Decemlier... 15^5fc. March
15 oOc. June
15-5fc.
a slight advance for the week on the early deliveries.
Raw sugars have declined, and there is a decided break in
the refineci product, standard crushed falling to-day (o 8c. per
lb., while raws were nominal at 6\^c. for centrifugal, 90 dc^.
test, and 5 9-16c. for fair refining Cuba, with rather ino! e in(luiry at the close. Molasses nominal. Tht^ tea sale on Wednesday was a large one, but prices were steady, except f r counti y
greens, which were a little easier.
Kentucky tobacco has sold to the extent of 300 hhds., of
which 200 for export.
Seed leaf, though fairly active, is
quieter.
Sales for the week are 2,219 cases, as follows 580cases 1888 crop. New England Havana, 15 to 35c.
550 cates
1888 crop, Wisconsin Havana, 10 to 12c.
200 cases 1888 cr< p.
State Havana, 12 to 14c.; 250 cases 1888 crop, Dutch, »3j
to 12I2C. 189 cases 1888 crop, Pennsylvania Seed Leaf, private
terms"; 200 cases 1888 crop, Pennsylvania Havana Seed, 11
to 14c. and 250 cases Sundries, 5)^ to 3oc.
also 600 bales Havana 721^0. to $1-15 and 400 bales Sumatra $1-40 to .?2-25.
On the Metal Exchange .Straits tin has been somewhat depressed, but to-day is steadier, with sales of 70 tons at 20-20c.
on the spot, 20c. for November and 19-95(ft20c. for December,
Ingot copper is firmer at lO'-gC. for Lake and 9c. for G. M. B.
but closes quiet. Lead has been weak, but closes steadier at
Pig iron has shown a nominal advance and warrants
3'92J2Cwere to-day advanced to §16 50, against $15 75 yesterday.
Steel rails .are quoted at $30 .50(a$31,at mill.
Spirits turpentine advanced to 49c., but closes easier and
dull at 481 ,'.(.48^40.
Rosins are a Httle firmer at $1 02'.,@
Refined petroleum for
$1 071 2 '^oi' common to good strained.
export has further dechned and closes at 7c., and crude cerI
1
I
I
—
",633,000
STOCKS.
l^.'OO shares Lou. Cln. A Lex. R'y Co., pr. f. $100 each..
10,000 shares Lou. Cln. A Le.T. R'y Co.. com. $100 each... $',500,000
1,< OO.fOO
29.397 ^hari s Moliile A Montgomery R'y Co.. $100 each
9,9S9,'00
135,400 Kliarcs Nash.. Chat. A St. Louis R'y Co.. $25 each..
S.Sf-.l.lOO
40.000 hares -•^.'.XMo^ .ATex. E.K.Co..asre"rg $100 each.
4,< 00.000
2.500 ^hare.s Ow. nsboro A Nashville R'v Co
(0 each
2511,000
3."^,500 t.tiuri
Pers. A .Atlantic Railroad Co $100 each
1,550.(100
7,400 Nhare^ Potitchartralu Railroad Co., $100 each
74( .1100
-20,00( shares P. A N. Alp. R. R. Co.. preferred.
$100 each. 2,000,000
l,x.-0 shares S. A >. Ala. R. R. Co
common. $100 each
1 S5.000
.0,800 shares Southeast A St. Louis R'y Co., $100 each
91-0,1 00
,
.'j;i
.s
.
.
.
:
;
$18.5'.'9,700
Toil.
700
The company
Kailreiad
also owns $2,000,000 South & North Alabama
Company second mortgage bonds, which liave been
^posiited with the Union Trust Companv. of New York
City
*''^ Louisville & Nashville Railroad
Comi.any
o?^)i?n
Smking
Fmid
loan
of April 1. 1880.
P*"L''''^'
*!A^?^.'f
WO.OOO of these lx)n(is, tlrough the operation of the Sinking
Fund of said Louisville & NashvUle loan, have been redeemed
ajud canceled thus reducing the amount
to §1.960,000; and
nie trustee ho ds 818,000 of the same bonds for
this Sinking
Fun(i, which have not been canceled. Being unable
t« buy
this issue of bonds to advantage the trustee
bought
000
L. & N. five per cent trust bonds for this Sinking
Fund
The company also owns $1,200,000 Onensboro & >^asli viUe
«''""?"^.. firef.iao'-tgage six i)er cent bonds and
«<f oo'S'Jil^in
$3,239
000 Birmingham Mineral Railroad Companv first mortgage five per cent bonds, which liave been deposited witli
the
^armera Loan & Trust Comiany to secure the issue of
^-WO Louisville & Nashville five j er cent Trust bond- $4,439,-
^
m
I
;
;
;
tificates clfse
at 99ro 99',gc.
The
at 30® 3&c, for
what improved
for Te-Nas spring clip.
X
Hops are
demand
and
dull
for
wool lias someand 20@2.5c,
XX fleeces,
and barely steady.
I
I
October
5,
THE CHRONICLE
18?9.J
COTTON.
In additirn to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named.
add similar Hgures for
New York, which are prt'iKired for our special use by Meam.
Carey, Yale
Lambert, a4 Beaver Street.
Friday, P. M., Ootober 4, 1889.
The Movement of the Crop, as indicated by our ttlegrains
from tho South to-night, is given below. For the week ending
this evening the total receipts have reached 245,374 bales,
We
&
On
against 191,833 bales last week and 136,348 bales the previous
week; making the total receipts since the Ist of Sept., 1889,
718,173 bales, against 493,499 bales for the same period of
1888, showing an increase since Sept. 1, 1889, of 224,674 bales.
Oel. 4.
Mon.
Sal.
5,401 12.737
Cialveston
El Paso, &o...
Jfow Orleans...
Wed.
Tuet.
i
5,112
Thiirt.
6.374
Fri.
7,575
5,885
43,104
79
114
7,947
2.133
67.684
13,518
7,010
12,757
2,604 2,475
52,284
13,313
19,058
6
7,831
35
Mobile
Florida
Savannah
9,757 15,773 15,380
3,743 2,513 2,82U
0.701
1,711
9,126
8,836 11,305
7,823
8,608
7,802
598
586
Brunsw'k, Ac.
Charleston
3.574
5,073
Port Royal, &c
2,500
6
Wilmington
Wash'gton.&c
1,465
Norfolk
2,085
3,184
We.st Point...
2,830
Total.
811
1,074
1,701
12
2,479
1,284
1,421
1,359
15
2.163
2,618
1,817
2,,575
704
1.397
13,882
13,010
250
329
142
82
731
231
79
142
Boston
Baltimore
14
68
716
50
Philadelph'a.&c
151
Totals this week 37,061 51,850! 43,169 31,606! 33,972! 47,416245,374
For comparison we give the following table showing the
week's total receipts, the total since September 1. 1889, and
the stock to-night, compared with last year.
1889.
Receipts to
Oct
Thif
1889.
TAt*
Week.
Since Sep.
1.
Galveston...
43,104
160,921
29,424
El Pa3o,,fec.
New Orleans.
114:
392
16^,206
497
67,684
13,518
Mobile
Florida
Wilmington
Wash'tn,&c
52.284
13,343
19,056
6
7,831
27
Norfolk
13,882^
39,871
West Point.
13,010
177,061
17,640
f 9,509
21
1 9,309
41
28,832
33.874
Nwpl.N.,Ac
York. ..
Boston
Baltimore. ..
..
Bruns., &c.
..
P. Royal,i-c
.
8l.>ek.
1,809
43,868
2,215
23,792
6,912
135.131
4,834
51,461
173
13,673
20
77
18,836
7,832
1,085
31,848
10,091
1,336
10,802
200
577
8
44,126
4,000
2,448
79,615
3,500
3,836
1,512
1,130
145
910
11
Phil'del'a,
82
731
231
142
133
749
D02
389
215
243,371
1888.
928
142
Totals
1889.
45,653
8,746
329
&c
Since Sep.
1, 1888.
112,813
497
101,346
23,848
Now
677
580
297
718,173 190,568
493,499
44,860
47,803
75,798
7,793
63,831
9,200
Other ports
at—
1889.
1888.
I
<Tal\'9ton,&c
.Vew Orlean.s
Mobile
Savannah.
..!
Charrrtt'n,4S:c'
Total 1889...
67,645
Total 1888..
Total 1887..
42,591
53,704
I
f.7.558
61,908
27.894
35,097
145
6,916
13,057
'
I
made on Monday
001
1,800
6,900
6,090
3,500
1.176
1,013
None.
1.400
8,9!iO
None.
4.000
9,372
18,117
18,890
16,692
14,086
17,467
63.184
21,080
17,701
21,812
None.
14,300
24,000
17,482
9,500
12,950
14,000
None.
None.
:
114,024
1
I
97,836
148,675
53,986
7,793
13,994
43,558
27,398
1,302
31,176
7,217
,
229,805
277,221
I
I
market
a sharp decline in prices under the reported collapse of the "comer" in Liverpool. The decline
was a.ssisted by increased receipts at the ports, and depression
in the spot markets here and at the South.
Cut on Tuesday
an early decline, in which October sold at 10-21c. and January
at 9-95c. was followed by a quick recovery and on Wednesday
there was further advance, due to a stronger report from Liverpool, which brought in a demand to cover contracts. There
;
,
I
186,024
I
last
were also fresh reports of damages by
caterpillars in the Mis-
sissippi Valley, wliile stocks failed to
shown any considerable
increase in our local warehouses.
Yesterday a firm opening
weak reports from
To-day there was some appearance of a " comer "
in October contracts, which carried the price to 10'41c., but
the issue of notices for delivery of no more than 3,.500 bales
was sufficient to check the advance, and the market turned
easier, notwithstanding an interior movement smaller than
depression, under
43.218
29.921
67.684i
45.6.^3
13,518
32,:Sl'
8.746
43.868
300,018
14,023
327,641
19,062
23.!(37|
we
1885.
1884.
35,155
60,996
8,944
34,080
43,819
5,304
47,224
30.288
12,647
14,494
5,309
4,001
34,746
41,109
6,601
40,969
26,423
6,728
22,478
9,411
3.G36
27.301
41,681
8,376
43,476
33,261
7,188
20,139
12,947
7,044
25,084
10,574
21,147
24,039
2,851
lands.
The
forward delivery for the week are 332.400
For immediate delivery the total sales foot up this week
2,214 bales, including 139 for exjiort, 2,075 for consumption,
for speculation, and
in transit.
Of the above 67 bales
were to arrive. The following are the official quotations for
each day of the past week September 28 to October 4.
total sales for
—
—
—
UPLANDS.
Ordinary
Strict Ordinary
Good Ordinary
intrict Good Ordinary.
Low Middling
Strict
1886.
62,39f>
week last year. Cotton the spot de.
on Monday, Tuesday and Wednesday, there being
very little demand from any quarter. To-day there was a better demand from home spinners at 10:'!^c. for middling upfor the corresponding
Low
Middling..
Wt Point, &Ci
Allotbors....
14,.529;
Tot.thiswce.k
245,374;
190,568, 251,186
718, 173
493, 499
1
1
13,339
!
9O.-|,902i
Week BmHtio "tt
from
BxporUi (o—_^
export*
Great
'rom—
B'air
GULF.
Orleans.
„^j_
192,1071 205,313
Sept. 1, 18»9. to Oct. 4. 1889.
Great
Wuk. BHtain. »*anc«
5,0U3
10,800
4.275
20078
21.-26
15.I08
33.883
26.311
fl.efla'
68.280
et.ms
37,98}
8.SW
1S.180
n,820
12.757
18.737
19.840
t.87>
Continent.
«,•«!
t-?,:57
Charleston ....
Wilmington...
Norfolk
1.871
1.704
1.704
West Point.
Nwpt Nw8. Ac.
7.102
7,102
.
New York
Boston
Baltimore
14.989
Total.
l.'j.lB?
~65.S99
7.142
109.H9I
29.459
48.550
18.619
23.490
2.470
Ifl.312
T.14S
»,»14
40
2.562
1.784
2<,047
S,3Bt
4,338
Phlladelp'a.&c
Total
Total. J888....
2,998
IS,CS2
2.958
15,082
78.10?
17.013
lOlJJlS
10.448
J. 707
411
6.388
6
10.8158
11.043
906
lb.
912
81(,928
47.«
44.041 181,608
f8,457
00.153
392.021
S4.899
10.269
16,620' 81,748
2S.SSS
18.170
237.188
lOV
Hon Tnea Wed Th,
8=8
9.,s
8>2
12%
12-18
13',
Ol-V
Middling..
10»8
!
S's
8%
8<4
8"i»
oV
959
lO'ls 10',«
lOS, 10»l«
101*1.1 1013,8
11
11
11>8
Ilia
'
'
11%
non Toes Wed
I
FrI.
I
?'4
811,6
11%
12'>, 12-1,8
1214,. 121-1,. 1213,, 12'',«
131,.
)«at.
Low M iddling
1
,
11^8
8'4
8^8
1
n
11%
^
8%
8>4
8",„ 8'S,« 811,8
9»«
O'r
Ul>,8 10<„. 101,8
101»,„ 1011,, 109,8
1015
lOli,,
111,.
1M4 IPs 11
IVh ll«s Ilk!
12
11 'h
11%
12',« !•>„ 12H,8
ll-t.6
lb.
im
MHt.
1107,8
1016,
STAINED.
,
8
8»8
'
I
773
8H1
91,8
911,8 9»„
IOI2
1038 ;i0l4
Tb. PM.
I
i
7-«
81a
778
81s
97,8
IOI4
lOH
SAIiES.
The
week
total sales and future deliveries each day during the
are indicated in the following statement.
For the
convenience of the reader we also add a column wliich shows
at a glance how the market closed on same days.
SALES OF SPOT AND TBAK.SIT.
12,757
2.470
8>4
;
MARKET AND
Mobile
9arannuh
Brnnswick
$
Fair
Bxportett to—
Conti.] Total
Brlt'n. *Vonce
...
197,166!
8%
Si-ta;
9\
im
Middling Fair
Good Ordinary
Strict Good Ordinary
6.932
18,830
8,917
3,738
Prl.
8i8
8
8
8
8'i,ii' 8",,
87,6
87,,
95?
9'3
938
9% 9%
10»,» lOiie
O'ht. 9i»,fi 9iSi« 9"»
10'-l„ 10f>,« 10»i« 10S,8 'l0>,g lOS,^
10'5,6 1018,8 1011,, 109,, 10»,e 10».9
11% 11
lO's
10^ 10%
ii»9
11^ ii>4 ,ii'4
'll'^s
11% ll»s 11*3 llHs ll»a
.125.8 123,a 12i,s lll',6 1116,, 1118,8
1215. „ 121S, 12'!.. 129,
12-,. i12»,«
Middling
The exports for the week ending this evening reach a total
of 181,608 bales, of which 89.92-i were to Great Britain, 47,639
to Franco and 44,041 to the rest of the Continent.
Below are
the exports for the week, and since Se ptember 1, 1889.
7,8.J8'
13,882,
Monjrnes Wed Th.
Mat.
.¥11>-
Good Middling
strict Good Middling.
58 6,49l! 627,235! 630,959
Wilm'Kt'n,itc
New
2.554
None.
6,600
bales.
1887.
Norfolk
GalTeflton,
':
Stock.
Totkl.
wise.
None.
j
1
OnatI'
.
Tlie speculation in cotton for future delivery at this
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary
Low Middling
Strict Low Middling
Middling
Good Middling
BtnctGood Middling
Middling Fair
Since Sept.
2,796
None.
4.000
None.
8,500
10,500
9.181
6,000
7,600
10,000
1
clined i^c.
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Receipts
None.
|
was followed by some
1888.
j
Week.
Charleston
'™»««
Olker
Foreign
Liverpool.
4.
Savannah.
15,961
New York
I
N'wp'tN's.&c.
New York
Orleans...
Oalveston
Norfolk
eltartd-for
Leaeing
Mobile
Charleston ....
Barannah
27,
2,763
3,823
.'chipboard, not
of—
Britain.
New
Reetipis at-
443
SPOT MARKET
CLOSED.
export.
Con- Spec- TranTotal.
nimp.'ul't'ni tit.
I
S'le»
lyiiv
terit$.
\
Sat. .Dull
and
ca.iier.
Mon. Uull at ledec...
Tnes. Diill,lrrcg.,is dc.
Wed Quiet at % dec..
Thur. Quiet & steadier
.
Frt...
TotAll
The
Steady
284|
31,100'
284: 67,600
313
315
236
408
3151 51,400;
236 40,700:
408j 52,800
1391 2,075!
2,214 332,4001
139;
519
658
313
8.8,800!
dally dellveriea given above are actually delivered tbe
prevloii!, to that on whleh they are reported.
day
IHE
444
CHRONICJLEL
are shown by the f oUow-
The Sauis asd Prices of Futures
E
Friday,
Monday,
Tuesday,
S
Closing Prices
Closing Prices
Prices
Saturday,
Bales,
Bales,
Sales,
Bales,
Sales, Thnrsday,
Bales,
Closing Prices
Closing Pricea
Closing Prices
Wednesday,
Cloalnif
1
total
Oct.
M SI
«
00
4—
;?:
e
te
6
K
= 9."3
Si—Xre
92.-'
i
8
=
fj
>
^
»
1
1
1
«:
1
1:
»».''»
S-^-doS-
28^'
^S8»
CO
-J
§
^0
5
o
MO"-"
e--^:
>
-4
1
1
1
1
!J
1
1
'
'
CMOiA
00:'
5;
-^-.1
coci--'
».-;
-ti^i^^
s.'':
t—h-'0>-'
li-*
1
2
n
1
iS)!-:
S
9
o>tCi
'-P
^M^O"
^;i8?
!
8|~
i<
1
1
1
MMOOM
2
?="•;
9'?:
MlU
OIO
1:
*.o
385,000
302,000
4,000
514,000
4,800
39,800
21,000
371,000
1886.
&.*:
1
1
1
1
4,000
300
1,400
24.800
14,000
300
600
200
900
72,000
2.000
25,000
6,000
7,000
148,000
2,000
13,000
5,000
12,000
108.000
6.000
38.000
127,800
130,500
246,700
218,800
512.800
37,000
261,000
16.000
300,048
53,372
37,669
432,500
31,000
12:^000
15.000
327,611
78,334
26,114
760,700. 58f>,800
72,000
53,000
295,000 158.000
19,000
24.000
425. S96
407.179
127,560
92.054
34,202
13,300
ila\Tc
at Marseilles
at Barcelona
at (Jcuoa
at Trieste
.
EKyi)t,Brazil,*c.,afltforE'r'pe
400
,200
]
1
,000
1
14,000
Total visible supply
1.217,889 1,036,619 1,734,358 1.337.333
Of the above, the totals ot Amerlcau and other descriptions are as follows:
American —
Liverpool stock
bales 202,000
171,000 212,000 183,000
7S,000 120,000
56,000
50,0(K)
American afloat for Europe... 261.000 123,000 295,000 158.000
United States stock
300,04 S 327.641 425,896 407,179
United States interior stocks..
53,372
78,334 127,.560
92,054
United States exports to-day.
37,669
26,144
34,202
13,300
-^
1
SI.600
15,000
52,000
C.OOO
27,000
7,000
5,000
.Vntwerp
Stock iu United States ports ..
Stock in U. 8. interior towns..
United States exports to-day.
EK •?
99
aw
2 ^
XtCM^
1
-t l-Ji—
o
o
348.000
23,000
lit
Amer. coti'n afloat for Europe
R
1
1
.at
.
t5
,_,
1887.
473,000
39,000
13,000
1,800
8,700
5,000
Total European stocks.
ludiacotttm alfoat for Europe.
:
l^^rf^
00
CB
1888.
2S!»,000
nt Hreiiicn
at Aiusterdain
at Rotterdam
Total Ck>ntinental stocks
n
1
>•
»>
^
1
1
-MMM
02"= 9929 0000 0000 cooo 0000
COli*!^
^.^M wci*M WM-W t01O*»0 toco -co
1=
to
^CC C ~)v> M CM
CO
tea 03
" > MM h.
> too
>;
5
c£
^
55
S5 ^
>,
99 ^ mo
66 2 9
2
5 88 ^ CO
ecc^iM'^
too > tote ^"^
COSg
a
«*':
»--':
6.'^:
9.==:
9 *:
e>:';
MM**M
cooo
coos
cooo
A
0000 COOO *2®
6'='6 66<=c6 66°6 t^^^t^
d6"=6 c6®6
CO
oto to M^
^IM c» -•^ M
too ? «:. 5: CC!0 ^ COCO ^ toto IJ 99 * ^
>>
» coco ^ 66 2 00 2
too
(CX ^ nto-'' S-.fflM'>
»x > f£fO',":^ CDCO
N
9.":
'.":
915";
t<
er:
sr:
ts
MX
-•CO
M*.
*^
ceoto tsooto cooo
tcooo ccOO» OOO!0
=
a,o^ 66*6 66'=-6 ?
io
^10 00 82"§
M 01 ^M to
00 6 «o*6
Mi
CO
00 5^ ttJOM b.IJ S9 ? cto > toto
n
"
(Ota
2 66 2 ^
66
2 XXM'^
e*._i
="--^,.
KM 2" 66
§86.=k: CO
a ai
00
91.":
S
sr:
9i*:
i^;
mmViMrf*.M
oooto toooo 0000
0000 MMScooo
ooco
66'~'6
66'=>~: 66^6
60*6
66*6
13
^W
to
*tx <I
Cto M Mit- to 00 00
^i- t>
MM
MM |>
5 »M *
£5 ^ 99 ? 55 > 55 ^ 99 t>
? CO
b.
00 2 CO
00 2" 66 2 00 2 MM
(X-J
toto
cs
'.-!-.
1
1889.
363,000
22,000
>-
1*:
;
l:
1
MM ^ -"—
00 5 99
NCtO
to«
s
©Mtv*^
»#-w-t
•"*
l«:
;
A}
"S
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
»
1
l>
S
1:
1
55
*>
t-
3C-.010
S 9,-'^
!»
le;
;
l:
1
00
g
1©;
:
1
1
tico
^0!
Hki
tc
e:
1
5
<
„
1
1
1
1
CD
_<o
•
!>
.-
00
2®
P*
?tvX5,
— »-^2
tc
1
1
*^
2
e>
28
«;
2;
* -
6 W 56
•fl
30'
;s;
Total Great Britain stock.
at Hamburg
(ran
(ran
(range)
t:
fcX'CJ^ir
1—
(ran
3-
2—
«•
bales
Oct.
(ran
(ran
^
^
as made up by cable
as follows. The Contmontal stocks, as well aa
those for Great Britain and the afloat are tliis week's returns,
and cougequently all the European figures are brought down
tJ Thursday evening.
But to make the totals the complete
figures for to-night (Oct. 4), we add the item of exports from
including
in it the exports of Friday only.
the United States,
is
Stock at Liverpool
Stock at London
paid
Oct.
•-
*-•
Sept.
paid
Oct.
Sept.
If
"?
paid
paid
total
total
total
total
total
paid
paid
XUX-
The Visible Supply or Cotton to-ni|;ht,
and telegraph,
ing comprehensive table:
[Vol,
1
*-•
1
1
Ci-
Total American
Indian^ Brazil^
rf*.
F.asi
=?&
:^
<r.~i
o
^i
^
"^
fi
1
1
1
=?
1
1
Egyjit, Brazil, &c., afloat
1
Total East India, &c
Total American
tf.
1;
cS
i-
a c=
5
8
ij
"i
--i-"":
1
1
91
1
1
<<^
to
'i-:
^t--0 '-'
1
re
">
9
1
H*-
9.-^:
!>
1
e.-^:
1
4-'i-'
'/)
:>.
kn
><
l->
««:
3
s
t
M"— X —
1
g ^o 0000 cc5o 0000 cooo 0000
o
66'=6 00^0 CM^O
03
O-GD
'ro
srg 6i^'^6
CO X
^-^^
^
00 § 99 < 55 ^ MM
* 99 ?
99
a
MM
l-M 2
1
tOtCM-l
" 0-.OJ
-M
ep
ifr#cc*.
f-*
COOO
MM® W
WW
MM
co
MM
1
9.*:
1
e?:
1
&l
1^
•»(
CI
1
t-'h-0''>-'
l—
If
w too «
55 ^ 55 ^ 55 ^
MM
1
1
1
1
'^
1
si==:
1
s «:
^.
er:
»
1
I0l0<^10
XQO
QD
99
COW
<
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o
:
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0000
ecco°U!
w
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5r
5i
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9.
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;
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1
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:
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"^
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992"?
CJCC°40
9
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cow
itW
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e'r:
ti.:
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toto
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h»
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toco
<
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1
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1
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n
:
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er:
li
H^ We liave
week
1
l:
S^
&0W
OiUi
f^
1
|:
1
s:
1
S
MmC
0000M
:
1
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w
1
d:
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^1
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01
M
n
^
1
ccji**!
:
:
i":
—
is
out
set
in
the
detail in
<= »n c
'—5.
5
"5"
fc
c
„
.-•'
- to M to w
jc c; c I'^p'
u,to^toif*>-co'jou'xxtocs'tfiwcoo:
to^ti^coie-i^tctOMviasccjtcto^xOMas
100
^tatoio
^
to^
^OM^ltOtO^
-^
C;i
X CA o to
W^lMtO^XM^tOl^tOCtOOtOCIOCDC.
CJi
,
IS
«
M
^
M
,5.
^talfc.MMtO
5'''tOMMCO#.pW*.XMMMp4».M,^0(;<)
tACX4^MOX
^ ^ C5 to M *-
g
M':uc;ic;i**#..j:xcoMX3:MX#-'c;toto"to
OXO'MCtCWCtOWtOCnX^XWMOi**-
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oiMto»^x-q
tCMtorf-woi'W^O)totoww^o:c;»osOM
1
<
1
1
s;
1
l:
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1
tooo^o«<i
otooi**:
CJtMOtC-
—
mM^i^'
cow
tow
•
>
1
gi:
<
t
OO*
i
P
w*»iXO:to-o
^t"
to'to^Mx:;'atOMCoc;'rf.icM
c;t*.OMCoc;TototOrf*octi.M
s-srS.
t**-tOMM(f-OOCiComc/jO^«
u
MtSW
tOMC;'M|(».tO
tx CO ^*». "to toxoid*
ViVi" "."__'_
to***itocs-i<iMc;'toto*qc". »*^oa.#-M
CO'
*»c;>om: x:
tOlOfrM. O'
^osw^l^M^:DMWa:cic. w<i^vito^
t>.
a
:
w tc
o
ocw
c; M to
a o Oi M c: o
io
1
day for each month.
OtJ
10 »^ CO "^1
H rf^OQPC'.aOQDClCC
X C (C O M CT -J
CJ'
w
oM
o ci *i as
CX WW
|0^1#'
ctoaDXCtcJOs
It
*.
will be
found under each day following the abbreviation "Aver." Tho
average for each month for tho week is also given at bottom of table.
)«>•
Transferable Orders— Saturday, lOlOc.: Monday, 10-30C.; Tuesday
10'30c.i We<lneiiday, 10-3tc.: Thursday, 10-35c.; Friday, 10'40c.
?c
CD
t-5
:dco
w*»Mo:
© M IC J^ :C O
1
)
W Iv CO
W ** Ot
M C 0> CD *» -J X 0» 10 O CD W W
M 10
01
CD W
9c to *g to CD M C
*- w^ fi
:,T
"^I
C!'
'-O
b X ^ voK a b
c '--^b ot w'o« hno cjIo m to •^ioVjb'-'l V b
CD
.
**M»0
O'btctOM-o'
*
XMC*JtOC:'W--Jtf*>t-WX-'.5fr-OOC.Mjc
•:]
C tC Ui 9) U to
^-CX^li-WO
The following exchanges have been made during the week:
•10 pd. to cxch. 200 Dec. for Feb.
•10 pd. to cxch. 1,000 Dec. for Feb
03 jid. to exch. 200 Dec. for .Jan.
•09 lid to cxch. 900 Dee. for Feb.
m'iC ClOD -^ ©"KlVj
X OC Cj
O'Xy0StU0<XXtn0:XOOit^'^MMCDC:
(*-
w
«-*
01 to
QC'
1
:
m"^^^'
tOMO^tCto^
•
to
1
:
i^.^
^<l
c;iOto
S
?
included in the above table, and shall continue each
to give, the average price of futures each
'18 pd. to excb. 100 Mch. for Oct.
•21 pi', to cxch. 500 Dec. for Ajrll.
•10 p<l. to exch. 200 April for Oct.
•12 pt". to cxch. 1.(1(10 Nov for Mch.
.as pd. to cxch. 400 Jan. for Mch.
OSsc.
9'i,c.
o
?
9t
1-1
1
1
10'i,c.
1
-4
1
lO^iC.
? S a £= ^5 a 5
B— 2-E'"
p='5'aE='
ccic tc to
1
363,800
973,533
1,217,889 1,036,619 1,734,358 1,337,333
Si"), d.
6 .fid.
n'ud.
55,ed.
ft
^x
1
K >,;><
1
>
1
"^
6«^:
5
S:
9i
col
:
COW
COCO
929
co*co ww®w
Ut
M
to
CtCD
[^
MM
00 h»
Cn-J
0000
1
CI
COOj
9'r:
1
Ct
(
1
MX
coco*co
Mh-tOt-"
"1
2
M
1
g'
®
•^ca
cooo o5o5
CO
1
501,700
,172,658
B 2 c
St*
to
coco*cc
I
1
10* to
uia tt^
Iff
>,
•
MM
00 %
? 55 > 99 ? £5 >
«
toto
H'MMr-^
4-01
CO* to
too CO
to
I I'
s
§
»=»3.i-.r*.
cooo 0000 ooco 0000 0000 0000
8
260.500
776.619
fe!
"^
1
ft
;
1
'
=r:
307.800
910,089
tBtsrr-Hpjii^
t^
'<
"^
1
1
165,000
23,000
98,800
53.000
24,000
s
C»
*»
"^
^
263,000
39,000
16k, 700
72,000
10,000
corresponding period of 1888
following statement.
fe)
10^
COCO
0S<1
*.C-.
c£ ^ 55 >;
MM 2 XGD
too 1 a<i
Cj'oi
u Ss; I-M H o>X
'5.":
Bf:
eco:
s.":
s)*':
9)
-MO"-*
Mt-'CJl-'
d "8 0000 ococ. oopo 0000 OOoO ?: 29
MtO*M MioOti to *to
to 10 * to
to to 'to
to to* to
1-0;
to
to
10 10
CO
coco
COO Oj «:w M Ci
01
-- t> r-M t»
Ml-*
00
1^
55 > 99 Cb< 5, >
«® < 9? <
to 10
toto
»
2 to to 2
w
2
u
-J^ H C-i ^ xv;
" WW
if-IO
"
M
1
973,533
118,000
13,000
80,500
34.000
15,000
compared with 1886.
AT THE Interior Towns the movement—tiiat is the receipts
for the week, and since September 1, the shipments for the
week, and the stocks to-night, and tlie same items for the
Si
to-
rt
-<
9'*-;
8,":
1
Ifl
t—
9.*-:
«
-MOM 1
o *-- ooco cooo COOO 0000 cooo ccoo
5 ^IfclO^
M.-.O^l
wl'^M
mmOm
OT
Ot
O>0'
M
= *":
1
776,119 1,172.6.58
161,000
22,000
71,800
37,000
16,000
IE^~ The imports into Continental ports this week have been
7,0U0 bales.
The above figures indicate an increase in the cotton in sight
to-night of 181,270 bales as compared with the same date
of 1888, a decrease of 516,469 bales as compared with the
corresponding date of 1887 and a decrease of ] 19,444 bales as
tCCii
"^
or:
1
*-«
-a
Total visible supply
Price Mid. Upl., Liverpool
Price Mid. Upl., New York
1
1
ro
W
910,089
i>i
t-"
r-
—
Umdon stock
Continental stocks
India afloat tor Europe
fl^
-^
die,
'
©
W*^
MW
ttCJtMWOi*.
JOMIO*..
^b
X^lb W M W X
XxOeDtOW'>>;^MCi:
T>
ft^
?S
cib X M*iibb
o o M •&
w X o to w n c: o * — -ICDXWOi'MMX
Ci "r
rfk
Ofi
1888 tiffures are for Palestiue. 1 1888 flsures are for Petersburg, Va.
The flguriss for Louisville fn both years are " net."
This year's figures estimated.
OCTOBBB
3,
THE CHRONICLEL
1889.J
The above totals show that the old interior stocks have
increased during the week 35,773 bales, and are to-night 34,903
bales Z&ss tlian at the same period last year. The receipts at
tlie same towns have been 11,958 bales less than the same
week laat year, and since Sept. 1 the receipts at all the towns
are 50,069 bales more than for the same time in 1888.
Quotations for Middlino Cotton at Other Markets.
445
lowest 68. During the month of September the rainfall
reached two inches and seventy-six hundredths.
Luliny, Texas. It has rained on two days of the week to
the extent of one incli and four hundredths. The thermometer
—
la the table bel(jw we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week:
—
has averaged 71, ranging from 54 to 88. During September
the rainfall was six inches and nine hundredths.
San Antonio, Texas. Picking has been retarded somewhat
—
by the showers wliich have fallen on five days of the week.
The precipitation reached one inch and forty-three hundredths.
Western and Southern Texas will make more cotton than will
iOR
MIDDI.DfO COTTON ON—
QUOTATIONS
CLOSING
Week endina
ever be picked. The thermometer has ranged from 53 to 87,
Oct. 4.
Tue».
Wednea.
Mon.
Thurt.
Frl.
Satur.
Rainfall for the month of September five
averaging 69.
1014
IOI18
10%
10%
10
10%
Galveston
eighty-five hundredths.
and
inches
10'4
101,
10
10
lOiia
New Orleans 10%
10>8
10 ',6
10
10
915,
XOSia
Luling, Texas. Picking is active and the crop large. Wo
Mobile
9t^
9^
10
Savannah...
9%
»%
O's
have had showers on three days of the week to the extent of
10<.«aii4
10
10
10
10
<'harle.?tiiu.
lOH
IOI4
1098
105,8
lOifl
107,,
WilmiuKton.
10>a
thirty-eight hundredths of an inch. Average thermometer 78,
1058
10%
10%
10%
10%
Norfolk
10:\i
Ills
1078®11 lO'sail highest 95 and lowest 56. Rainfall for September two inches
11'4S38 11'4*»8 liisa>4
Boston
11
10^8
11
11
lO'a
Baltimore...
10^
and four hundredths.
11^2
11 '9
III3
ii;^,
11
Phlladelpliia
11 "a
Qfa
0^8
10
9%
O's
Augusta .... 101,
Columbia, Texas. It has rained hard on one day of the
lO"*
103,8
Memphis ... 10=9
10%
10%
10',n
week, the rainfall reaching one inch and sixteen hundredths.
1014
10>4
lOis
lOia
lOls
10%
St. Louis
11
lO'a
10%
Cincinnati
lO's
103l
10%
There has been too much rain, hut still we will probably make
,
. .
—
.
—
.
Louisville.
..
11
11
11
11
11
11
» The closing quotations to-day (Friday) at other important Southern
Atlanta, 9%c.; Columbus, Ga., 9^2; Colmarkets were as follows
umbus, Miss., 914'"%; Eufaula, 912; Little Rock, 9''a; Rome, 9''a;
Montgomery, O's! Nashville, 10^; Raleigh, 9% a 'a; Selma, 9%, and
:
Shrevepjrt, OHig.
—
Receipts From the Plantations. The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
WUk
BnMng-
RecHvU
at tht PotU. St'k ot Interior Toviru. Sec'pti from Ploni
188».
1888.
1889.
1887.
1888.
Au^.^O
39,309
23.638
27,709
23,793
15,155
Sept. 6
" 13
20
85,437
39,164
57,453
34,754
•
W
••
Oct.
4
1889.
8,727
1888.
1889,
39,846
96,398
2V03
29,289
68,492
17,828
17,767
21,291
23.022 143,799
128,041 45,691 92,991 33,512
1S7.710 89,677 136,84- 82,554 30,508
238,745 188,399 191,833 118.9811 61,474
231, ite U0.58S 245,374 147,999, 98,210
•n».
1887.
41,837
49,134 98,240
26,529 217,78-^ 10t,S9» 139,8-5
39,788 275,132 15.1,36; 205,066
76,761 380,221 227.3)4 i8-3,373
—
That the total receipts from
The above statement shows:
the plantations since September 1, 1889, are 783,490 bales; in
1888 were 576,334 bales; in 1887 were 1,030,131 bales.
3.
That, although the receipts at the outports the past week
were 345,374 bales, the actual movement from plantations was
383,373 bales, the balance going to increase the stocks at the
interior towns. Last year the receipts from the plantations
for the same week were 337,304 bales and for 1887 they were
1.
—
380,334 bales.
Amount of Cotton in Sight Oct. 4, —In the table below
we give the receipts from plantations in another form, and add
them the net overland movement to Oct, 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
to
1889.
1888.
1887.
1880.
Receipts at the ports to Oct. 4.
Interior stocks on Oct. 4 in
excess of September 1
718,173
493,499|
905,962
586,491
82,835
124,169
63,515
from plantat'ns
782,490
11,060
38,000
576,334 1,030,131
9,0921
39,462
36,000
35,000
650,006
834,550:
621,420 1,104,593
701,641
184,565
124,525
Tot. receipts
Net overland to October 1
Southern consumpt'a to Oct.
1
Total in sight October 4
Northern spinners' takings to
October 4
64,317
97,416!
131,067]
19,63.')
32,000
It will be seen by the above that the increase In amount in sight
to-night, as compared with last year, is 213,121 bales, the decrease as
compared with 1887
Is
la
as
,
Weather Reports by Telegraph.— Our
month of September the rainfall reached aix inches and
seventy-seven hundredths.
Cuero, Texas. The weather has been dry all the week. The
crop is splendid and picking makes excellent progress. The
thermometer has averaged 68, ranging from 54 to 83. Daring
the month of September the rainfall reached five inches and
ninety-seven hundredths.
Brenham, Texas. There have been showers on two days of
the week, the rainfall reaching forty-eight hundredths of an
inch. The crop wiU probably hardly reach an average owing
Picking is active.
to drought, worms and rains in succession.
The thermometer has ranged from 56 to 88, averaging 73.
During the month of September the rainfall reached five
inches and eighty-nine hundredths.
Belton, Texas. We have had showers on two days of the
week. The crop is fair and picking active. The week's rainAverage
fall has been sixty-eight hundredths of an inch.
thermometer 71, highest 88 and lowest 54. Rainfall for the
month of September five inches and forty hundredths.
have had dry weather all the
Weatherford, Texas.
week. The crop is very large and picking is progressing
The thermometer has averaged 68, the highest being
finely.
86 and the lowest 56. Rainfall for September six inches and
one hundredth.
have had no rain during the
Aeu) Orleans, Louisiana.
week. The thermometer has averaged 75.
Shreveport, Louisiana. Rainfall for the week twenty hundredths of an inch. The thermometer lias ranged from 56 to
87, averaging 69.
have had rain on one day of
Cohimbus, Aiississippi.
the week, the rainfall reaching ten hundredths of an inch.
Average thermometer 64, highest 84 and lowest 48. Rainfall for the month of September three inches and forty-five
hundredths.
Leland, 3Ii.^sissippi. —The weather has been fair and
pleasant all the week. The thermometer has averaged 66"3,
the highest being 90 and the lowest 51.
Greenville, Mississippi. We have had rain on two days of
the week, the rainfall reaching only one hundredth of an
inch. The thermometer has averaged 65, ranging from 51 to 83.
Meridian, Mississippi. The weather has been good for
picking cotton. It is stated that the Farmers' Alliance is arranging to hold cotton off the market.
Clarlcsdale, Mississippi.— The weather has been very favorable during the week, and without rain. Rainfall for the
month of September two inches and eighty-six hundredths on
—
—
—
—We
—We
—
—We
—
—
live days.
—
—
There has been no rain all the
Average thermometer 73, highest 91 and lowest 60.
There have been light rains on two
Little Rock, Arkansas.
days, and the remainder of the week has been cool and clear.
The rainfall reached nine hundredths of an inch. The thermometer has averaged 64, the highest being 83 and the
Vicksburg, Mississippi.
week.
,„,
telegraphic
cotton as can be gathered. The thermometer has
73, the highest being 86 and the lowest 58.
During
the
270,013 bales and the increase over 1886
132,909 bales.
much
averaged
re-
from the South to-night are generally of a very satisfactory tenor, and indicate that under the influence of favorable
weather conditions picking and marketing are making excel*
lent progress in most sections.
Qalveston, Texas. It has been showery on one day of the
week, the rainfall reaching five hundredths of an inch. The
thermometer has ranged from 59 to 83, averaging 71." Rain_
fall for the mojth of September four inches and one hun
ports
lowest 51.
Helena, Arkansas.
—
dredth.
—
Palestine, Texas. We heve had rain on two days of the
week, the precipitation being seventy hundredths of an inch.
Average thermometer 68, highest 84 and lowest 59. Rainfall
during the month of September tliree inches and fifty-seven
hundredths.
Iluntsville, Texas.
There has been one shower during the
week, the rainfall reaching six hundredths of an inch. The
thermometer has averaged 73, the highest being 88 and the
—
i
—
There has been one light rain, and the
remainder cf tlie week the weather lias l)een clear and favoraThe precipitation reached fourteen
ble for crop gathering.
hundredths of an inch. Cotton is estimated about the same
as last year, but receipts up to date are only about half what
they were to same time in 1888. The thermometer has averaged 65, ranging from 49 to 84. Rainfall for September three
inches and ninety hundredths, on eleven days.
Memphis, Tennessee.— The weather has been dry and clear
The rainfall
all the week, except light rain on Sunday.
reached eight hundredths of an inch. Picking is making good
progress. The thermometer has ranged from 51 to 80, averaging 65. The rainfall for the month of September three inches
and one hundredth, on nine days.
Nashville, Tennessee.— It has rained on two days of the
week, the rainfall reaching seventeen hundredths of an inch,
Average ihermometer 63, highest 79 and lowest 40.
Auburn, Alabama.— The weather has been excellent for cotj
THE GHRONICLK
446
ton picking. The week's precipitation has been six hundredths
of an inch. Average thermometer 67-3, highest 83 and lowest 48.
Mobile, Alabama.— The weather lias been Hue all the week.
and picking and marketing are active. The thermometer has
averaged 72, the highest being 85 and lowest 54.
Montgomery. .4/n<>(iHia.— With the exception of one shower,
the weather the past week has been hot and dry— the finest
picking weather vet. The crop is turning out splendidly, in
Set. far better than last year throughout this large black belt.
The thermoiuoter has averaged 70. ranging from 50 to 80.
Rainfall for Septemlier four inches and thirty-five huudredths.
Selma, ^4/(i!«iHia.— There has been no rain all the week. The
thermometer has ranged from 50 to 88, averaging 71.
Madison. Florida.— We have had fair weather all tlie
week. The thermometer has averaged 71, the highest being
&2 and the lowest 54.
Columbus, Geor(^a.— No rain all the week. The thermometer has averaged 70, rangin,' from 61 to 80. During the month
of September the rainfall reached three inches and eighty-
fVou XI IX,
—
ALEXANDRIA RECEIPTS AND SHIPMENTS. Tlirough arrangeliave made with Messrs. Da vies, Benac-hi & Co., of
ments we
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egyjit. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexandria, Foypt,
October 2.
1880.
Receipts (eautars*)
This week
Since Sept. 1.
80,000
187,000
THU
ToCoutiueut
<ept.
I
'
n
Total Europe
60,000
116,000
This
Since
week. Sq}t. 1.
1.
This
wtek.
Since
Seat. 1.
'
'•
'
1887.
43,000
108,000
,
Siuee
I
week.
Exports (bales)—
To Liverpool
1888.
7,000
1,000
16,000
4,000
5,000
2,000
12,000
5,000
8,000
20,0001
7,000
17,000,
;
6.000, 12,000
6,000
2,000;
18,00O
8,000l
A caiitar is 98 pounds.
*
three himdre<iths.
This statement shows th;it the receipts for the week ending
Savannah, Oeorgia. Rain has fallen on one day of the week Oct. 2 were 60,000 cantars and the shipments to all Europe
to the extent of one hundredth of an inch. The thermometer 8,000 bales.
has ranged from 56 to 87, averaging 71.
Manchester Market. Our report received by cable fo-night
Augusta, Georj/io.— Light rain has fallen on one day of the
week, the precipitation reaching two hundredths of an inch. from Manchester states that the market is quiet for both
The mills are generally resuming
Under the present cool weather cotton is developing finely. yams and shirtings.
give the prices for to-day below,
Crop accounts are excellent. Picking and mai-keting are running full time.
88
and leave those for previous weeks of this and last year for
making rapid headwav. Average thermometer 69. highest
two
comparison:
and lowest 50. Rainfall for the month of September
inches and forty-three hundredths.
1889.
1888.
the
during
Charleston, isouth Carolina.— 'Ho rain has fallen
OotVn, „„ „
CotVn
week. The thermometer has averaged 68, the highest being
8»4 lb:
32> Oop.
32«
Oop.
8H ;6».
jlid,
ifid.
86, lowest 58.
Siurliugb.
Twtst.
*«"*'•
Shirtings.
Upldsi
Vplds
Stateburg, Soidh Carolina.— It has rained lightly on one
d.
d.
8.
d.
8.
d.
d.
day of the week to the extent of five hundredths of an inch.
658
Afr.30!8iiti^8ii„ 6 O 'a.7
7% as^e 5 8 S7 Oifl 51I16
The thermometer has averaged 66-7, ranging from 49 to 83.
a-7
8 8% 15 8 oS7 OI2' 5l3i8
Sep. fl!8iie-S-89 « 6
0^
7%
of
Septemmonth
the
During
Columbia. South Carolina.—
••
13 8'i«a8',B 6
a7
6
611, T-'fe 3812 5 10 ®7 2
" 2 '-IS't aS^ie 6
*7
ber the rainfall reached two inches and forty-one hundredths,
6H [-'a ®8i-2 :5 10 a? 2
5 »i6
"
'6
6
®7
7'6
27
611,6
»8%
87
81|fli8'i6
1
6
on six days.
Oct. 4 8
»8>2 6
»7
61,« '778 ^8% 6 O »7 1
515,4
of
day
on
one
have
had
rain
Carolina.—
Wilson, North
the week, the precipitation reaching four hundredths of an
Cotton
Consumption
and
Overland
Movement
to
Oct. 1.
inch. The thermometer has ranged from 48 to 80, averaging 65.
In our editorial columns to-day will be found our usual
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at B Overland Movement brought down to October 1.
o'clock October 3, 1(^9. and October 4, 1888.
Liverpool St(JCK. A re-count of the stock of cotton at
oci. 4, sa.
Del. 3. 'S'.).
Liverpool was made on Saturday last, September 28, and it
—
—
We
\
I
fc
We
—
—
Feel.
low-water mark.
low-water uiark.
4
low-watermark.
low-water mark.
..Above low-water mark.
New Orleans
Above
Above
Above
Above
Memplils
NasbvlUe
Bhreveport
VlckBburK
Iiieh.
Inch.
2
2
Feel.
1
4
10
6
3
2
4
19
i)
13
5
1
7
,
7
6
,
6
—
India Cotton Movement from all Ports. The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to October 3.
HOMllAY lilX'EIPTS AND SHIPMENTS FOE FOUR YEAUJ.
ShirtmentK
lear area
week.
thitt
S/iipwents since
Oreai
Ooitti-
neHi.
Hril'h
Total.
Jan
B'iOn
Tlii»
Total.
nenl.
Sijiee
•Jan 1
'
Week.
!
I
4,000 4,000 304.(100 843,000 1,209.000
S32.O00
1.000 1,000 2i:i.0(l() (ilO.OOO
4,000 4,00(» 3ti3,(KK) Otiil.OOO 1,032,000
989,000
2.»00! 6,000 8,000 31 9.000 (:70,000
1889
1888
1887
1886
3,000 1,687,0(10
3.000 1,2!)4.000
8,000 1,474.000
.
...
.'
68,290 bales, distributed as follows:
—
6,000il,40!<,000
Domestic Exports of Cotton Manufactures.
ereat
_
CuHtir
,unt.
Britain.
Shipmtnta since January
week.
,
Great
Britain.
,
ratal.
1.
Total.
34,000
26,000
1,000
1,000
45.000
60,000
79,000
88,000
Madras—
1889
1888
3,000
1,000
All other*
1881t
1888
Total
all
57,000
23,000
4,500
1,000
1,.500
10,000
8,000
67,000
31,000
6,000
2,000
2,000
2,000
8,000
4,000
79,000
57,000
45,000
31,000
124,000
88,000
9,000
3,000
3,500
3,000
l2„50O
6,000
170.000
106,000
100,000
99,000
270,000
205,000
The above
totals for the
week show
tliat
the
movement from
Bombay is 6,500 bales more than the same
For the whole of India, therefore, the total
shipments since January 1, 1889, and for the corresponding
the ports other than
last year.
periods of the
two previous
years, are as follows:
1888.
1889.
e
Jrom—
Bomliiy
Allotl.eriinrt-.
T..I
Mexico
British Uonauras
West Indies
'*
"
Africa
"
Otaer countries
rhU
week.
1
1
Snie
Jvn.
1.
This
WrelC.
Since
.Ian. 1.
4.1100 1.209,000
27O,0O'>
I2,"iOO
(i,000|
!i..i00 1, 179.000
7,<KK» 1.037,000
1
,(HH)|
832.000
205,000
'•
"
"
"
"
"
"
Total values of above
7alue per yard
Vaiuei of other Manufactures of
Cotton exported to
Oreat Britain and Ireland
—
ajmiany
Krance
Other countries
&
West indies
Since
Jan.
1
4.000 1,032,000
12,000,
386,01111
10,0001,418.0011
62.'; 27
l,275,24if!
?60,7ni
810.017
684.115
873.4ltU
S75.81I1
2tl3.30l
1,B«1.62:!
38U.M0
h25.2S..
64.'(.180
453.5iM
426.714
1.775.H57
i.tas.ioo
1,431.314
804.568
188t).
1888.
»5,837.128
tl.6(:0.037
l.K9e.2»l
1.660.994
(MS.738
6,353,1«8
770,623
9,867,746
4.923.434
8,212.890
3,«37.20S
5,052.901
1.337.051
4.130.510
8.723.404
12.7''3,«1^
20,978.301
1,44H,' 1)7
56,^31
4.887.964
4.027.234
UO.OOO
640.730
2,:)77.74M
10.(."1,H)5
in.l!i«.0'5
82.966.758
1712,413
' 1-0707
« 05,306
('0696
15,926.554
1-0714
1
7.181.652
3,703,262
4.938,022
»tf,487,19G
(-0688
t
t
$
1. "89.036
5.017,052
2.581,378
11.847.436
27.83U,07»
42.046
19.367
266.flf-8
•584
2.5-9
0.36-
1.942
t
304.423
190
12.994
59.851
25.0:(2
2»,481'
S38.2.;2
1B.481
20,768
15;,50n
12.759
8.281
22.908
262,611
112,893
15.441
3.294
10,790
7.596
9,7m6
25.103
1.137
41.767
62.894
25,757
63.643
1,
British
Hond ura-i
<
1688.
»3-5.S22
269.15U
188,7(H
S.<)4.87e
S17
Mexico
This
week.
1889.
tisi.ies
7.W5
Kurupe
North America
in
Central American States
1887.
Montli ending Aug. 31 8 mos. ending Aiiv. 31.
1,030.817
"
Argentine Republic
BrMll
Unlled States of Colombia...
OthercountrlestnS. America
China
other C'-unirtes in Asl-i and
Oceanica
British
EXrOBTS TO BJROPB FKOM ALL INDIA.
amptnenis
to "U Enrol
North America
yards
"
"
Total yfcrds of above
-
1889
1888
week
—
Central American States and
•alcutta -
1889
1888
9reat Britain and Ireland
Other countries In Europe
Britiati
Continent.
—Through
the courtesy of Mr. W. F. Switzlcr, Chief of the Bureau of
Statistics, we have received this week a statement showing the
exjwrts of domestic cotton manufactures for August, and for
eight months ended August 81, 1889, with like figures for the
con-esponding periods of the previous year, and give them
exported
tile
bales;
Jute Butts, Bagging, &c. The market for bagging has
orders
are coming in freely.
quite active and
Prices are firmly held and sellers are quoting 8^4^(@10,?^c., as
There is nothing to report in jute butts, the marto quality.
ket being dull and nominal at l'70@l?^c. for paper grades
and 2;*2i>^c. for bagging qualities.
According to tlie foregoing, Bombay appears to show no
change compared with last year in the week's receipts,
and an increase in shipments of 3,000 bales, and the
shipments since January 1 show an increase of 377,000 bales.
Tlie movement at Calcutta. Madras, and other India ports for below:
the last reported week and since the 1st of January, for two
"Other ports" cover Ceylon, Quantities of Manufacturer 0/ Cotyears, has been as follows.
ton (colored and uncoiored)
Tuticorin, Kurrachee and Coconada.
tn—
ehlpmt•nttjor
American, 29,870
Egyptian, 22,920 bales, and sundries, 16.000 bales. This shows
that the deliveries to spinners have been that much larger than
ths figures published by the Liverpool Cotton Association.
been
Seeeiptt.
1
Coil li-
revealed a deficiency compared with the estimated figures of
United Stnt.'s of Colombia
Other countries in So. America
Asi»und Ocvauicu
Africa
11,095,
1.240
9,477
19,4118
74
77,652
223.03;
8.090
.'>8.819
t
19,o;7i
Other countries
Total value of other mannfae
tures of
>ggregntev>'hiPOf »llp,'ttnn pnndw
I6.M«
149.M0
l.'i0.5«.s
l,102.4i'.c;|
861.9K1
S."15.>-73
7.110.020
60.9&6
191.289
9.243
38.022
1.171.104
7.058.599
October
THE CHRONICLR
18«9.]
5,
—
Shippinq Nkws. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
108,904 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph and published in
the Chronicle last Friday, with regard to New York we
include the manifests of all vessels cleared up to Thursday.
Total baltt.
Nbw York—To
Liverpool, per steamers Aliiska, 2,977
Britannio, 2,257. ...dry of Pails, 2,206. ...DonatI, 1,147
....Hunibiildt, 1,916. ...Spain, 101....Strabo, 3,256....
Tiolio 8™]!!-, 1,962 ...Uinbrla,482
To Hull, prrsteniriei' Buiralo, 2,975
To ITavro, pur steamer La (JaacoKUB, 1,257
Laliii, 850
To Bremen, perntcamerB Fulda, 657
Bhaetla, 651
To Hamburg, per steami ra Bolicmta, 1,400
To Antwerp, per steamer Westernlanrt, 090
To Gott^Bburx. per steamer Salerno. 300
To B.arcelona, per steamer Ilenian Cortcz, 2,850
To Windsor, N. 8., per Bohoouer (Jalena, .50
New Okleans—To Liverpool, per steamorB Professor, 4,677
Westludian, 3.073.... Wui.riifre, 7,470
To Havre, per steamer Klstow, 4,400
Galveston— To Liverpool, per steamers Ethlope, 8,328....
Victoria, 5,495...
Olenfleld, 5,801.
To Bremen, per atoaniera Avalon. 4,908
SAVANNAH -To Liverpool, per steamer Poca«sett, 7,217
To Bremen, per .steamer Uampsliire, 7,250
Royal Prince,
To Barcelona, per steamers Peconic, 4,050
16.307
2.M75
1,257
1,507
2,051
090
300
2,3.'>0
60
15,220
4,400
4,700
13,823
10,709
7,217
7,250
Wilmington—To Liverpool, per steamer Borinmien, 2,470
NOKFoi.K—To Liverpool, per steamer SIcilia. 1,254
West Point—To Liverpool, per steamer Alps, 4,395
Boston— To Liverpool, per steamer Samaria, 021...
To Yarmontb, per steamer Yarmouth, 53
To Halifax, per steamer Worcester, 98
To DIghy. per steamer Forest Kine, 59
Baltimore— To Bremen, per steamer Manchen, 3,266
Philadelphia— To Liverpool, per steamer Ohio, 608
To Antwerp, per ateam-r Nederland, 6
New York..
16,367
N. Orleans . 16,220
Galveston.. 13,823
Savannah.. 7,217
WUmlngt'n. 2,470
Norfolk
..
1,254
West Point. 4.395
Boston
Baltimore
021
Phll'delph'a
006
2,975
Bamburg.
3,558
1,2.57
990 2,850
50
4,400
10,769
7,250
9,350
210
3,266
Total... 01,973
"
5....
"
53
98
59
6
"
7....
"
"
8....
5,057 24,843
28,017
19,620
21,592
23,817
2,470
1,254
4,395
831
3,266
612
996 12,200
200 103,934
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
Galveston—To Liverpool— Sept. 27— Steamer Marchioness. 5,003.
To Havre— Sept. 30-.steamer8 Hirro),Mte,
Southery,
To Keval— Sept. 28— Steamer Birch. 4.275.
New Orleans—To Liverpool—Sept. 27—Steamer Explorer, 4,735
.
;
Sept.
28— Steamers
Steamer
l,eonora, 6,536; Saturnlna, 5,784. ...Sept.
...
8.
20,533
13,846
13,981
15,281
16,020
15,180
9....
" 10....
" 11....
" 12....
" 13....
" 14....
" 17....
" 18....
" 19....
" 20....
• 21....
" 22....
" 23....
" 21....
" 23....
" 26....
• 27....
" 38....
" 29....
" 30....
30—
28— Steamer
Marseilles, 7,961. ...Sept. 30— Steamers Chollerton, 7,419; Turquoise, 5,044.
To Bremen- Sept. 2S— Steamer Federation, 0,525.
To Antwerp— Sept. 28— Steamer Marseille, 5U.
Savannah-To Havre— Sept. 30— Steamers Ardangarm, 4,600; Tormore,
4,671.
To Genoa— Sept. 23— Steamer Starlight, 4,159. ...Sept. 30— Steamer
Dora, 4,700.
Charleston- To Liverpool—Sept. 27— Steamer Canton, 4,871.
To Bremen— Sept. 30- Steamer Manitoba. 5,809.
To Barcelona— Sept. 28— Bark WiiUe, 1,860.. ..Sept. 30—Steamer
Tudor Prince, 3,550.
NORroLK—To Liverpool— Sept. 23-8teamer Edith Hough, 1,704.
Boston— To Liverpool- Sept. 23-Steamer Roman, 235 ...Sept. 24—
Steamer Virginian, 650 ...Sept 25— Steamer Oxonholme,
Sept. 27—Steamers Catalonia. 1,355; Palestine, 515
Sept. 30—
Norseman, 509
Oct. 1— Steamer Bostonian,
BALTraoRE—To Liverpool- Sept. 19-Steamer Baltimore, 493. ...Sept.
25— Steamer Buenos Ayrean, 2,051
Sept. 27— Steamer Barrow-
Amy
1887.
1886.
332,017
651,776
359,203
05-98
11-63
06-75
I
S.
27,829
26,434
19,001
22,282
25,616
28,476
S.
33,117
38,550
24,163
30,599
33,928
37,061
8.
51,850
1888.
1886.
1887.
4,009
8.
7,660
5,306
6,509
6,325
8,265
5,414
8.
12,588
7,498
6,747
6,235
8,159
7,414
S.
19.446
15,010
13,737
15,502
18,568
19,300
8.
24,837
22,859
19,262
19,982
22,159
29,086
8.
5,840
9,679
10,739
2,792
3,281
6,690
7,089
8.
13,928
13,195
13,392
14,513
19,640
16,629
8.
6,983
6,313
7,336
5,675
9,155
10,101
8.
22,181
23,207
18,159
17,343
2S,522
25,422
8,
11,933
14,805
9,761
12,087
13,168
14,407
S.
35,447
36,631
25,360
28,856
36,024
33,782
S.
17,098
21,079
11,846
18,778
22,393
20,051
S.
50,387
42,226
33,741
30,832
49,071
S.
29,876
26,077
2 1,079
23,660
561,710
43,469
31,606
33,972
47,416
332,017
31,762
34,657
28,620
29,759
654,776
36,229
46,651
62,243
37,833
Total
718,173
Peroentag 6 Of total
port rec'i)ts Oct. 4.
450,815
789,902
454,354
Tot.8p.30
•'
2....
"
...Sept.
12,083
10,159
7,395
10,813
11,174
12,733
...
Oct. 1....
Stati sinan, 4,182.
To Havre— Sept. 27— Steamer Gladiolus, 5,450
8.
" 15....
" 16....
6
2,975
1889.
Sep. 1....
4...
Total.
1888.
I,
1885.
1884.
885,642
34S,44S
07-15
07-23
This statement shows that for the month of September the
receipts at the ports this year were 289,693 bales more than in
1888 and 93,066 bales less than at the same time in 1887,
The receipts since September 1, 1889, and for the corresponding
period of the five previous years have been as follows:
3....
6
Ooi en- Barce- Haiiburg, lo la. fax, die.
receipts Sept. 30..
"
Antwerp
Bremen and
i£
501,710
Sept'mb'r
f ero'tageof t<it. port
"
particulars of these shipments, arranged in our usual
form, are as follows:
Hull Havre,
1889.
2,470
1,254
4,395
621
The
pool.
Reeeipll.
9,3 >0
108,046
Liver-
Ttar Btginning StpUmbtr
UonlMt
2
600
Total
Constantly have before him the data for aeeing the exact relative
movement for the years named.
The movements slnoe
Sept. 1. 1839, and in previous years, have been as follows:
"
3,206
447
8....
4....
"
.
359,203
30,122
27,196
8.
8.
03-51
14-10
08-23
1883.
1884.
6,314
5,675
4,910l
6,870
6,205
1
8.
10,390
8,634
8.660
7,356
11,833
10,959
8.
16,633
13,835
13,182
12,536
17,598
14,257
8.
23,011
17,284
17,879
16,951
25,491
20,378
8.
32,793
26,497
30,509
2,914
2,546
2,052
2,549
8,040
2,701
8.
8,206
5,646
8,396
6,214
10,458
8,579
8.
16,590
10.205
12,970
15,397
16,996
13,104
8.
26,009
17,833
16,154
20,921
25,439
21,401
8.
34,762
32,357
345,446
23,830
22,560
33,811
22,595
385,<i42
21,731
27,755
22,429
8.
457,557
448,241
08-48
09-39
This statement shows that the receipts since Sept. 1 up to
now 261,358 bales more than they were to the same
day of the month in 1888 and 71,729^bale8 less than they
were to the same day of the month in 1887. We add to the
table the percentages of total port receipt! which had been
received to October 4 in each of the years named.
to-night are
.
more,
.
Cotton freights the past week have been as follows:
Liverpool, steam d.
DoviaGl'sg'w.d.
Havre, steam
e.
Do
sail
Bremen, steam
Do
Tuei.
^le'®^
%
\'
Wedna. Tkurt.
Sl8»38
B,a®38
%
%
Fri.
6l«®38
%'
EXPORTS OF COTTON (BALES) FBOVI
e.
»|6®^
»,ea»8
»16»»8
»16®»9
eie-ass
'is'
'is'
'l8
«i«'
»i«'
78»
75*
75-
Td"
75*
i>38
"sa
Exported to—
»l«'<l'»8
Sept.
19,
Se^t.
vlaLelth.iJ.
Do via London. d.
Amst'd'm, steam. e.
Do via London. rt.
Rsval, steam
d.
sail
75*
»'.-.2
'>39
ii.sa
NEW VOBK SINCE SEPT
Week Ending—
e,
.
Hambarg, steam .c.
Do
Hon.
"Slav's
The Exports op Cottom from New York this week show an
increase compared with last week, the total reachina; 38,047
Below we give our
bales, aKainst 20,737 bales last week.
usual table, showing the exports of cotton from New York,
and the direction, for each of the last four weeks; also the
total exports and direction since Sept. I, 1339, and in the last
column tha total for the same psriod of the previous year.
Sept.
2§.
Oct.
1,
Samt
Total
since
period
previous
Sept. 1.
3
1889.
year.
13,392 14,390 16,730 16,307
•^ol
2,975
Other orltlsh parts..
75,132
2,!>75
61,263
4,180
Tot. TO Gt. Brit'n. 13.392 14,390 16,730 19,342
78,107
03,443
911
Havre
1,463
1,127
1,257
6,959
6,093
Other French ports..
d.
i
Biroelona.steam d.
Genoa, steam .. .d.
Trieste, steam.. .d.
Antwerp, steam d.
•
»l'«'
»1B
"is
•is"
Tot.\l
Sis
»16
»32«»ie »32al>18
French
9,„*6,g
».,0l?.5l«
Comparative Port Receipts and Daily Crop Movement.
is
not accurate,
as the weeks in different years do not end on the
same day
1,463
1,127
1.237
6,093
6,959
1,459
1,8961
1,.507
51
2,017
150
547
6,667
2,296
7,-i73
990
Tot to No. Europe 2,522 2,156 2,830
4,51)-
13,.502
17,236
"50
2,85(
2,«50
5(
661
6,865
2,265
llai-
iirg
Per 100 lb*.
—A comparison of the port movement by weeks
941
454
5,316
3,148
5,038
Bre
'l«
Sp'n,Op'to,Glbr.,<Sc.
All other
...."."
"h'6i
92
842
2,05
of
the month. We have consequently added to our other standing
tables a daily and monthly statement^ that the reader may
Total Spain, &c..
Grand Total
2.'>0(
3,311
9,120
16,85518,^70 20.737 2S,041
101,213
101,758
1
561
50J
THE CHRONICLE
448
The FoLLOwisa are the Uross Receipts of cotton
New York,
at
Boston, Philadelphia and Baltimore for the pas'
week, and since September
NBW TO«K.
Sinci
TM«
WMk.
Sept.l.
week.
8,W»
PHIU.DELPa'A
BOSTON.
ThU
H. Orleaoa.
1889.
1,
Sept.
BALTIMOkl.
Th«.
week.
Since
Thii
week. Sept. 1
Since
1.
Sept. 1
to free selling
S3,M4
Bo, Carol'a.
Mo.Carol'a.
Tlrilnla...
Norttan pts
S,878
9,153
18,3<S
8,aoi
2,101
^^o8
Tenn., ic.
14«
240
142
704
Thia year 4e,5oe
187,132
S,84»
17,460
1,301
1,S66
6,740
12,676
1«,»81
7,204
21.632
2
2,816
5,871
B,S31
•>• <•>•
Lass
8,191
747
1,286
3,074
7,e««
4>)
Bl
986
813
1,«5S
6,697
Mobile
riorlda
38,030
..
5
6
4,066
S,956
16
18
•*
298
90
298
271
—
Liverpool. By cable from Liverpool we have the f ollow
Ing statement of the week's sales, stocks, &c., at that port.
Sept. 13.
8a]e«o( tbe week
bales
Of which exporters took
Of which speculators took.
.
Bales
Amerloan
2,000
3,000
25,000
8,C0fl
moant afloat
Of which American
Sept. 27.
32,000
3,000
1,000
23,000
4,000
33,000
420,000
220,000
27,000
20,000
74,000
57,000
36,000
Aotnal export
Forwardea
Total stock— Estimated
Of which American—Estlm'd
Total import of the week
Of which American
20
Sept.
42,000
430,000
226,000
21,000
14,00«
81,000
55.000
Oct. 4.
36,00C
26,000
3,000
1,000
18,000
3,000
28,000
435,000
235,000
46,000
38,000
98,000
81,000
2,00t
1,000
27,000
3,00(
34,00(
363,000
202,000
33,000
22,000
134,000
120.000
by the " longs " to realize. Yesterday the full
the crop in the Northwest was the chief element
weakness.
Business on the spot has embraced No, 2
Northern spriog at 89?ic., No. 1 doat93?^@94i.^c., and fair to
choice ungraded red winter at 63@89c., and No. 3 do.
(yesterday) at 82J|c. Today the market for futures opened
depressed, but some demand to cover contracts caused a full
of
Spot business
Hardly
Market, )
12:30 p. M.J
suffie'ntto Irregular.
test prices
Uld.Upl'ds.
Bales
Spec.
Wednet. I%urMd'y.
& exp.
611,8
6»,8
2,000
4,000
400
.'
-.0.
November delivery. . ..0.
December delivery
..0.
January delivery . . ..c.
May, 1890, deUvery.. ..0.
demand.
not quota-
Steady.
bly lower.
She
e'le
6'i«
7,000
10,000
10,000
10,000
400
500
500
600
500
Qoisl.
2-64 de-
Sasyat
ai
l^ad.
Tance.
Market,
4r.
Very
}
M.
steady.
]
The opening,
Steady
1-B4
clloe.
Barely
steady.
ai
Steady
5
63-64(i.,
Easy.
adv.
Steady.
partially
1-64 dec.
fSf'a^^.
Quiet and
Steady
Very
Bteady.
highest, lowest
price* are aiven in venee
l-64d.
and 0-UKm t^U^
and 6 01 means 6
Sat., Sept. 2S.
Low.
Oper<
a.
d.
Otoe.
d.
em
Beptember
8 46
6 46
8ept..Oot... 6 62 5 62 5 62
5
4»
Oet.-Nov.
5 49,548
Not.- Dec... 5 44 5 44 5 41
Oeo.-Jan... 5 42 5 43 5 42
Jan.-Feb... 5 42 5 42 5 42
d.
6 46
6 62
5 49
Aprtl-May.. 5 44
5 44
5 44
Mon., Sept. 30.
Open
BlQli
Low.
A.
d.
A.
5 43
542
S42
641
5 44
Oloj
622 622 622 622
560 5 81 6 60 9 60
5 48
5 43
5 42
Feb.-March 542 5 43 542 5 43
Mch.-Aprll. 9 43 6 43 6 43 5 43
5 48
5 43
5 42
5 42
5 42
6 42
5 44
9 47
9 42
6 47
6 42
5 41
5 41
542
5 41
5 41
5 43
642
5 41
5 41
5 42
54i
5 48
9 43
menn
5 63
.*
Tnea,, Oct.
1,
88%
89
8938
92'8
85'8
921a
Wednes., Oct.
Open Bish Low.
d.
d.
d.
5 58
5 44
556
9 35
Cloi
Cio..
Open
Higlt
Low.
C7!««.
iL
d.
d.
d.
i.
<t.
d.
6 58
5 45
s:9
657 6
5 46
9 44
5 41
5 39
5 57
5 43
5 40
9 39
5 57
9 44
6 40
5 39
558 5 59
5 46
6.46
S41 5 42 541 6 42
689 5 41 6!I9 5 41
Jan.-Keb... 539 B41 589 641
Feb.-March 5 40 641 5 40 641
Mch.-Aprll. 5 40
April-May.. 5 42
May-Juno.. 513
541
5 40
5 43
5 44
542 5
5 43
541
43
5 14
6S
5 45
541
5 40
9 40
5 40
639
540
641
9 40
9 41
5 43
5 42
5 43
5
;>9
9 S9
5 30
541
5 42
'
1
j
j
89ie
92=8
TKurt.
.8538
8638
5 44
1
5 39
5 39
5 41
5 89
5 38
5 38
1
510 5 as
7, .SI)
9 40
5 40
6 41
5 39
6 39
5 40
541
5 43
FrI., Oct. 4.
Open High Low.
<J.
d.
557 B58
643 5 44
5 40
5 39
6 41
6 40
<i.
5 57
5 43
5 40
539
53^ 939 538
939 9 40 5 39
9 89
5 40
6 42
9 40
941
5 43
85»8
86 >«
87=8
SB's
871s
881s
92
DAU.T CLOSUtO PRICES OF NO. 2 MIXED CORN.
0.
November delivery
c.
0.
December delivery
May, 1890, delivery.. ..o.
Sat.
ifon.
Tuet.
40'4
41%
39=8
40's
41i«
39S8
401s
42^4
42 14
42 14
40''8
4m
Wed.
39=8
40=8
4138
4238
Thuri.
Pn.
39 5»
39%
40%
4058
4138
41 1«
42%
4214
Oats have changed little, being at times exceedingly dull.
feature yesterday was the dearer price for white gra-Jes,
as it is found that the new crop, though largi>, embraces a large
proportion of low gradts.
A
OF NO. 2 MIXED OATS.
5 30
5 40
9 42
Hon.
Sat.
October delivery
0.
November delivery
December deUvery
c.
May, 1890, deUvery
26
c,
26I4
2634
....o.
28%
Cioe,
d.
558
5 44
Tuet.
26i8
2618
26%
26%
26^8
2878
28%
267g
Wed.
26i8
26is
27
2878
Fri.
Tlnirt.
26i8
2614
26%
26%
25'8
ES's
28%
Se'a
The following are the closing quotations:
^
Fine
bbl.
Superflne
Spring wlieat extras.
^finn. clear undstra't.
Wintersliipp'Kextras.
XX and XXX.
Winter
Patents
$2 009$2 60 Southern com. extras. ?3 00»
240a 2 80 Southern bakers' and
2 609 3 00! family brtinda
4 009
3 50* 5 00 jKve Uour, euperline.. 2 903
3 00» 3 50' Fine
2409
3 60a 4 40 iCorn meal-
3 SO
60»
2 70
42i«560
2
403
Buckwheat Flour per 100
Western, &c
Brandywine
2 80'
lbs.,
2
2
00
5
3 25
2 75
758—
$2 35a$2 60.
OEAIN.
d.
5 55
1
543 5 43
5 40 540 S39| 539
538 5,19 687' 538
538 5S9 587
38
Thurs., Oct. 3.
Open HigA Low.
d.
October....
Oct.-NoT.
NoT.-Dec...
Dec. -Jan...
'Z.
87
Wed.
85 ^i
8658
8778
8878
9238
I
Boutlieru supers
^R. JH
.
8738
88ifl
Tut*.
Sasr at
ai
partially
and closing prices of futures at
Liverpool for each day are given below. Prices are on the
basis of Uplands, Low Middling clause, unless otherwise stated.
CfTA*
86
87
OAII.T CLOSINO PRIGB8
Steady
sold
Indian corn receded to extreme low figures on Tuesday,
when No. 2 mixed in oat loads by canal sold at 39}^® 40c.
afloat, the lowest figures quoted in many years.
These low
prices stimulated active buying for export, and the local
demand was brisk, A demand to cover speculative contracts
also caused a fractional improvement in futures. Still the
offerings are very free, and to-day there is renewed depression
in the market, especially for the early deliveries. The business for export this week is about 1,000,000 bushels.
Futures.
Market,
2:30 P. H
December had
Easy but
Good
Irregular.
Friday
Jfon.
Sat.
October delivery.
October dell very
Saturday Monday. Tuetday.
after
dull,
OAILT OLOSmO PRICES OF HO. 2 BED WUtTEB WHEAT.
The tone of the Liverpool market for spots and futures each
day of the week ending Oct. 4, and the daily closing pricet
Of spot cotton, have been as follows:
Spot.
was dearer
recovery, and the close
at 87 3-16c.
10
But, except on Tuesday, speculation
The activity on that day was mainly due
spirit.
movement of
16,985
Last year..
To-day the marwas fairly active.
The wheat market has been unsettled. There was some
expott demand and local millers were at times pretty free
ket
was without
IMSi
ForelKn....
purchase beyond immediate requirements.
l)uyers at full prices.
Sine<
13,838
«l,2»7
Tezai
BaTannah
[Vol. XLIX.
Wheat—
Spriug, per bush...
Spring No. 2
Red winter No. 2 ..
Bed wiuter
White
Corn— Wcst'n mixed.
Wosl'n mixed N0.2.
Western yellow
77
86
Corn—
c.
c.
» 94
a>
SbhtS'
0.
86ia
41
9hn. 50
»
53
9
53
58
28
35
27
39
Western
74 » 90
State and Jersey
80 ® 90
Oats-Mixed
SB's* ICa
White
3913* 4014
No. 2mlxed
39
9
I
41
No. 2 white
'
c
•
Western white
Rye—
89
.
24i3i«
28
26
a
»
2b%9
.30
The movement of breadstuffs to market is indicated in the
statement below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Westem lake and river ports, arranged so as to present the comparative movement for the week ending S^pt. 38, 1889, and
since August 1, for each of the last three years:
541
at-
Flour.
tr/lMt.
Com.
OaU.
Barltl.
BW
5 40
Beeetpte
o39
BW».)9616( Bush.«Blbr Bu»i.5aa» BtuKSilbn BtMfc.48 U. Bu. 96 Ibi
10 -.330
605,585 '2,354,210
1,198.275
391,875
104,404
Chlcago
47.318
2.55,6.!0
13.620
66,000
33,960
20,320
MUwankee...
6a,9t-8
588,754
12,954
Daloth
5 40
5 40
511
5 43
1,200,420
Minneapolis.
.
-••
1
Toledo
Detroit..
BREADSTUFF S.
Friday, P. M., Oct.
The
Cleveland.
8t. Louis...
.
..
.
Peoria
4,
194,817
3,385
7,155
27.704
l.HoO
145.913
9.3J1
21,910
515,452
13,300
2i2,«55
10,51X1
199,800
28.400
281.074
237,0C0
110.838
19.710
99,814
17,^3
82,316
8,7S-ii
854
82.457
63,600
.84,650
4,950
18t8.
market has been dull and prices were more or
less unsettled throughout the ween undtr review.
Several
receivers have thought it advisable to abate their pretensions
1
ooking to a higher range of values. There has been some
eiport desnand, but the local trade have cot been inclined to
flour
.
2,M9
Tot.wk.
Same
Same
'80.
ok.'as.
wli.'87.
Since Aug.
1889
1883
1887
265,487
276,085
286,550
3,488,041
2,953.528
!>,
2,936,758
18 1.351
2,606,162
597.987
944,309
3,238,437
2,233,383
1,778.614
i.ioi.ies
286.767
41,094
2,on,or2
28,897.331
.?,S«9.19a
1,220.929
80,931,910
28,507,252
20,124,S18
10,698,610
2,110.646
2,134,480
20.34>',2e2
2,014.907
],Me,380
23,202.736
17,52(1,180
H,78.i,31«
5.204.809
420,831
1,868.273
189,001
1.
OCTOBEB
5,
THE CHRONICLK
1889.J
The exports from the several seaboard porta for the wef k
en linK Sept. 28, 1880, are shown in the annexed statement.
Mxporu
Com.
ffhtal.
fThmr-
KvuK.
96,651
New York
Boston. ..
Portland
Montreal.
Buth.
573,156
Bblt.
81,207
25,730
83,458|
Phlliulel
Baltlra're
N. Orl'ns.
OaU.
Flour.
60,242
108,076
33,000
72,163,
8,287|
187,783,
105,168'
20'5"U
2,143
102,254
Bye.
Buth.
2,499
Peat.
Bu>h.
4,530
Butk.
1,398
100
2.^,850
27,323
936
.
Tot. week.
237,343,1,090,641
238,790
22,519
842,237
184,253
1.571
30,380
B'me time
1888...
525,7111
some g^od-sized lota were taken by coDvertt-rs but coaree
yarn sheetings— particularly Southern three-yard goods
ruled quiet. Bleached shirtings, wide ahtetinga, cotton flannels and corset jeans were in steady request at unchanged
prices.
Domets were active in some quarters and the best
makes are well under the control of orders but other colored
cottons were lightly dealt in. Print cloths » ere in lijjhl demand and 64x648 have declined to 8%c.— the lowest price recorded fi r some time past.
;
;
19,920
N.News..
RlchmM
29,721
33,507
1889
Stock of Print Olotht—
Sept. 28.
Held by ProvUlenco manul'ers. 216,000
Fall River manufacturers ... 30,000
Providence speculators
None.
Outside speculators (est)
7,000
The visible supply of
grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
and
ports,
in transit by water, Sept. 38, 1889:
Wheat,
Com,
Oalt,
In store atNewYort...
Do
buth.
3,558,460
321,000
afloat.
Albany
Buffalo
834,054
Chicago
1,942.420
Milwaukee
Duluth
Toledo
462,931
666,371
1,217,897
Detroit
161,031'
Oswego
65,000
St.
LoiUa
Clnolnnatl
Boston
Toronto
Montreal
,
,
,
Philadelphia.
Peoria
Indianapolis..
Kansas
City...
Baltimore.
MinneapollB
8t. Paul
On Mississippi...
On lakes
On canal & river.
1,631,961
58.000
2,937
23,987
233,997
487,521
25.792
272,730
225,319
1,001,761
1,678,143
95,000
25,130
1,029,771
,8 J2,000
1
buth.
buth.
1,370.653 734,721
658,300
48,000
67,500
237,493
52.745
4,406,141 2,597,703
4,739
6,821
5.730
136,737
109,571
12,334
71,073
70,000
237.026 271.743
3,000
22,000
280,080 186.077
19.734
'ib'.isi
21,178
240.432 271,285
48.659
176.167
34,412
65,118
12,229
90.005
333,392
107,508
107,474
75,748
3,390,010
1,311,400
20,910
033,229
106,000
449
Rye,
buth.
Barley
13,449
8,400
40.000
47,400
652,847
72,690
6,214
20,000
3,000
56,887
89,520
162,858
buth.
4i',719
544
7,8B9
462
11,765
85,000
5.785
5,000
23.217
52.507
26,366
78,681
i7,096
38,416
30,000
544
6,777
Total stock (pieces)
1888.
253,000
1887.
1886.
Bepl. 29.
Oel. 1.
Oct. 2.
13,000
14,000
None.
1,1500
175,000
74,000
62,000
80,000
33,000
24,000
42,000
10,000
28,500
391.000
100.000
Domestic Woolen Qoods.— The market for men's-wear
woolens was dull and ft atureless. There were few out-of>
town buyers in the market and the order demand was of
strictly moderate proportions.
Leading makes of light*
weight cassimeres, worsted suitings and trouserings, indigoblue flannels, cheviots, &c., are largely under the control of
orders, and prices remain steady.
Heavy overcoatings continued to move in fair quantitits on account of back orders,
and a moderate busine s? was done in spring descriptions.
Heavy woolen and worsted
suitings were mostly quiet in
hands, but stocks are well in hand and prices remain unchanged. Satinets were more active in movement than
demand, and dealings in low and medium grade Kentucky
jeans were light and unsatisfactory. Cloakings and stockfirst
were in fair request, though by no means active, and
remain steady. Wool and worsted dress goods were
distributed in fair quantities by agents and joijbers, as were
flannels, blankets, carpets, shawls and skirts, and prices are
inets
952
prices
87,630
24,600
9,800
without quotable change.
Tot. 8ept.28,'89. 17,853,213
Tot. Sept, 21, "89. 17,196,572
Tot Sept. 29, '88. 31,509,963
1. '87. 30,596,777
Tot. Oct,
2, 'SO. 51,220,352
Tot. Oct
12,933,538 5,739.612 1,152,156 585.559
12,662,727 5.^28.570 1,132,895 474,832
10,048,0^:0 6.914.960
834,403 364,438
7,087,418 5,177,036 321,962 1,128.353
13,425,020 4,966,005 518,334 1,550,079
THE DRY GOODS TRADE.
New York,
Friday P, M., October
4, 1889.
Foreign Dry Goods.— The demand for seasonable sorts of
first hands was moderate, and very fair
orders for some descriptions of spring and summer goods
were placed by joblers and large retailers. The jobbing
trade Was fair for the time of year, but by no means active.
Prices are mostly firm, and importers demand a slight advance on some importation orders.
imported goods at
Operations in seaaooable goods by wholesale buyers were
Iinportatloiis ot Dry Goods.
chiefly of a hand-to-mouth character the past week, as is
usually the case at this advanced stage of the seasoa. There
The importatioris of dry goods at this port for the week
wa8, however, a steady call for small re-assortments by pack- ending Oct. 3, 1889, and since Jan. 1, and the same facts
age buyers on the spot, and the re-order demand from some of for the corresponding periods of last year are as follows
the interior markets reached a fair aggregate amount. Spring
W
and summer goods continued to meet with marked attention,
Is29^r
and large orders for .some descriptions, as fine ginghams and
So
2:1
fa&
I*.
other woven wash fabrics, floe printed sateens, wliite goods,
1:
Si
°i I
and o her specialties, were recorded by the commission houses.
gj
i:
The jobbing trade was of very fair proportior s— local, New
York State and near-by retailers having stocked up with
considerable freedom. Prices of both domestic and imported
goods are generally firm in first hands, but there was a good
<CCO
*4tOMMM
cob •^tOCOMOa
tDc;i09eoM
0»-'*J<Ii-»
if^C«&OU«
^1
•0
M
O'O
deal of unnecessary " cutting " on indigo blue prints, &o,, by
jobbers, which gave an impetus to the demand, but left no
to
O C.
CO
C
profit whatever to the sellers.
P|-7-Q0p
:
;
i
1-0 ;ji
I-*
tf^
»f^
--1
t-5
Domestic Cotton Goods.— The exports of cotton goods
from this port for the week ending October 1 were 8,293
(-"--H"-'tC
packages, valued at f 173,246, their destination being to the
tOOi
1889.
India
Arabia
Africa
West Indies
Mexico
Central America
Bouth America
Other countries
•
Total
China, via Vancouver
Total
•
30
3
1,183
311
800
U
275
116
261
256
47
7,326
1,418
33,386
4,502
5,166
3,701
11 ,090
3,154
5,092
28,903
2,278
Week. Since Jan.
69
16
380
400
100
1,460
136
52
210
1,363
21
1
to lO
.JO®
l,t-01
§1"
106.016
45,235
4,207
5,900
114,000
37,179
3.293
151,251
10,107
151,179
to^;
tocotoVilo
Cfltf^h-wo
:;!
ao
CtOCSOSQO
OOl
_^JOf«»- wp
bbb>CfO
gcpai;-iM
CM 0C*kCCJtO
iooo
o
^b-1
OX tn*—
W H- M «
9.
<1
C 01 cc ^I
CCI
K Cf C to «
c *» l^ c w
O
s
COO)
»I*
to 10
JO
2
o °
— tu
O vf — X 0>
J-.
o<yyco3a
U ^ OS
W *- CI ^- X
COD
XQO
QD
X p— C. X
WC*JX«*
ottot;^
-^
wocco
toT-Viuoj
OOUOitOOd
CP to
if^VOltCtO
e-!D(»0'iP
-^
,2'0
w»
O
ecu
O C. W in
*
Ui
I
COO^"-OS
O-J«0S-4
UC
00 •g
Oi
9 a« Ci
ccos
w^lOtS^Cfl
104,918
12,399 12,230 10,185 25,993
x-i
U U O* 10
t5X»ltOC»
tOi^<-CiW
M "^ «U
wT
«>'
tF>-
cc
to
oaptocp
ceaVobb
if>'
to
o oa
;.'i
;2t^O<^»<^
exports since January
1
•""I
rfkr-
too
tow
CO Op
«
*^*«
'
38,971
6,878
10,3S8
4,176
10,543
4,027
4,043
27,240
1,814
cf>
!0 0v
3,459
3,293
New York
(P-
rd
<-•
QCtO
From New England mill points dlreob
The value of the
c;
a M 00
1888.
jc to
Great Britain
Other European
China
^
c;boob'
oo OS
CO *-
d CI
y
OS-^W^O
to to CD
>--
-i
points specified in the table below:
Week. Since Jan. 1
boOOJO''!
O C.
C C5 K,
ai
X! OD
have
been $6,343,743 in 1889, against $6,906,125 in 1888.
The demand for staple cotton goods at first hands was
steady but moderate, selections having averaged light. Fine
yam brown sheetings were in fair request by Jobbers, and
O
10
1
co>-
to^
^to*»
wp
*.
« -1
*- ic *.
ppfci^t-'p
*>o
xto
tow
bbbtVjw
bo
Ci
CJ'
^i*»-o»*»>ai
H- oj
-^i
cc
at)
ii»
ca
top
cr'^-bat'i
,
I
ccp-ap —
io'xtOtOQO
to
XXao
i(^tCX:Oai
o*csaixo<<%
toxa;gao
*-boiotto
gtCtO'^QO
o<;.}AO
-I
?>5
THE CHRONICLK
450
%nxxh
S^ti^ ^latemeats.
§attfe jitatjcmewts.
iitateiucivts.
XLLX.
[Vol.
OF THE CONDITION OF THE REPORT OF THE CONDITION OF THE
OF THE fONDlTION OF THE REPORT
KEPORT
WESTERN NATIONAL BANK of the
!«EABOARU NATIONAL BANK. at New
OAI.LATIN NATIONAl, BANK, at New
New
York, at
York City. In the State of
ttusineits Jieploiuber 30th. ISS9:
the close of
York City, in the Stat« of New York, at the close of
business September 80. 18S9
RBSUURCES.
BE80URCI8.
I/MM and dlacounts
»4.*55,9B7 81
Orerdrafta. secured and unsecui^d
p. S. bonds to secure circulation
88 89
SUO.OOO 00
520,380 60
186,287 43
Other stocks, bonds and mort^aKes
Doe trom other National banks
Dae from State banks and bHnkers
B«al estato, furnlturp and flxtures....
Caieoks and other cash Items
Bzohawtes for ClearInK House
BUIa of other banks
10
10
2S
77
00
7,066
B09,9S6
3,4IS
3.e22,«06
88.000
100
71
FractHpaperour'ncy, nickels it centa..
406,8e.'i
Speeie
864,0?8
lieRal tender notes
110.000
UTS. ctfs. of deposit for legal tenders.
Redemption fund with U.S. Treasurer
1S,0S0
(S per cent of circulation)
Total
$10.6(18.299
LIABILITIES.
Capital Stock paid In
tl.000.000
oo
00
00
00
42
00
Barplnsfund
UndlTlded profits
National banknotes outstanding
DlTldeods unpaid
1.000,000 00
318,807 15
IndlTldnal deposits subject to check..
3,878.888 68
1.481 5^
2.994,591 16
712.575
420.425
8.1
Total
»10.698.289 42
State of New York. County of New Y'ork. ««.
I, AHTHTR W. Shekman. Ca>hler of the abovenamed bank, do solemnly swear that the above
statement is true, to the best of ray knowled^re and
belief.
A. W.SUKKM AN, Cashier.
Subscribed and sworn to before me this 2d day
Of October. 1889.
H. L. Bbaynahd.
Correct— Attest
Notary Public, N. Y. Co.
A. H. STKVKVS.
)
FREDKRir W. STEVENS,} Directors
A. ROOSEVKLT.
\
OF THE CONDITION OF THE
KEPOKT
CONTINENTAL NATIONAL BANK,
Bt
New
York, at the close of business on the 30th
day of September. 1889
RKSOURCES.
Loans and discounts
t4.459,836 56
Overdrafts
U.S. bonds
Other stocks and bonds
52,000
186.738
3.955
5»5,000
24,470
Premiums
Real estate
Current expenses and taxes
Specie
435,368 57
Legal tender and bank
notes
574.861 00
Due from
SO
00
84
00
00
40
2.250 00
4.«77.7rf9
Duefrom banks
88
898.613 00
Specie
892,801 00
Legal-tender notes
U.S. certificates of deposit
180,000 00—1,860,971 77
for Iciial teuders
Redemption fund with U.S. Treasurer
2.250 00
(6 per cent of circulation)
Total
$5,847,311 29
Total
LIABILITIES.
$600,000
100.000
4a.60«
43.860
75
Capital stockpald in
Surplusfund
Undivided profits
National bank notes outstanding
Dividends unpaid
00
00
34
(X)
oo
Individual deposits sub$1,476,228 22
ject to check
84,392 17
Demand certfs. Of deposit
864,295 08
Certified checks
Cashier's checks outstand20,947 80
Inn
220,000 00
United States deposits.
Due to other National
1,301,771 96
oanks
Due to State banks and
1,190,644 12 -5.1.57.179 9B
bankers
$5,847,311 29
Total
State of New York, County of New York, ss.:
I. Stuart G. Nelson. Cashier of the above-named
bank, do solemnly swear that the above statement is
true, to the best of my knowledge and belief.
S. G. NELSON, Cashier.
Subscribed and sworn to before me, this 3d day
C. R. SYMMES.
of October, 1889.
Notary Public, (No. 4) N.Y. Co.
Correct— Attest
\V. A. ROSS.
)
HENRY- M. CDRTIS.) Directors.
\V. A. PULLMAN.
)
.
of the city of
69
141,979 94
5.485 04—6,0,S7.714 24
Other cash Items
03
88
00
.
.
pEPORT OF THE CONDITION OF THE
^MERCANTILE NATIONAL BANK
'ij-easurer of
the I". 8
Kzcbaniies
Premiums paid
00
OO.SI^O
00
29
16
77
00
'^'^^ ®^
41.568 87
2.1)00
175.323
818.108
41,581
2,000
Checks and other cash Items. $3,048
Kxch'ges for Clearing House.918317
20,000
Bills of other banks
Fractional paper currency,
291
nickels and cents
281.000 00
Demand certificates of deposit
Accepted drafts
Due to other national banks
Due to State banks and bankers
$3,141,982 26
60.000 00
200.u00 00
Loans and discounts
U. S. bonds to secure circulation
U. 8. bonds to secure deposits
U. S. bonds on hand
Other stocks, bonds and mortgages
Due from other National banks
Duefrom State banks and bankers
Heal estate, furniture and flxtures
Current expenses and taxes paid
tll.849.-15 84
LIABILITIES.
Capital stock
$1,000.000 00
200,000 00
104.870 07
Surplus fund
Undivided profits
Clrculatlm
Dividend unpaid
00
82
2.3O«.0'H 81
.*?»>
ft40
.«.328
Individuit) deposits ^nhject to check.
IndlvldUHl deposits f r acceptances...
National bank deposits
State bank deposits
4.581.f*85
'i2
2,408.980 58
55
694..'>s8
C-ertlflcates ot deposit
Cashier's checks
3,662 31
1.559 20
$11,349,715 84
„, Total
State of New York. County of New York. »».•
1, Alpked H. Timpson, Cashier of the abovenamed bank, do solemnly swear that the above
statement is true, to the best of mv knowledge and
belief.
ALFRED H. TIMf SON. Cashier.
Subscribed and sworn to before me this 3d day
Of October. 1889.
Edwin F. Cohey.
Correct— Attest
Notary Public, N. V. Co.
T. AGNEW,
BENJAMIN PERKINS.
> Directors.
D. RANDQLPH.)
JOHN.
1
EDMUN D
September
New
York, at the close of business
30, 18811
BESOITRCES.
Loans and discounts
Overdrafts
U. S. bonds to secure circulation
Other stocks and bonds
Real estate, banking house
$7,898,807
5,957
50,000
3.100
200.000
65
64
00
00
00
Specie
$1,448,139 38
Legal-tender notes
882,<0fl 00
Bills of other banks
6,18100
Ch'ks and othereash Items
21.399 12
Exchanges forcl'inghouse 688,350 35
Due from national banks.
448,097 89
Due from State banks and
(5
.
.
Specie
U.
S. ctfs.
<:0NI)IT10N
NATIOXA
BANK,
OF THE
I.
of the "ty
^.
ol >ew \i.rk. at New Vork. in the State of New York.
at the close of business September 30th, 1889
:
RESOURCES.
Loans and discounts
Overdrafts, secured and unsecured
U.S.bondsto securecirculatlon
of deposit for legal tenders.
per cent of circulation)
Due from U. S. Treasurer, other than
5 per cent redemption fund
Due from U. 8. Treasurer (account
2,250 00
—^.
customs)
Total
_
„
,
lOO.OOOOO
LIABILITIES.
Capital Stock paid in
3,491,434 66
$11,447,199 94
LIABILITIES.
00
00
89
00
90 00
Capital stock paid in
$1,000.,000
600,,000
190.,026
45,,000
Surplus fund.
Undivided profits, net
National bank notes outstanding
Dividends unpaid
Individual deposits subject to check
$6,514,645 12
Demand ctfs. of d^osit. 443.220 63
Certified checks
70O.S41 80
Cashier's ch'cks outst'd'g.
326.615 39
U. S. deposits
999.496 66
Due to other Nat. banks. 4,848,2'<!6 62
Due to State b'ks A b'kers 1.002.8^5 1 6 14835Ji40 07
Total
$18,865,967 80
State of New York, City and County of New York, as.:
1. C. N. Jordan, President of the above-named
bank, do solemnly swear that the above statement
is true, to the best ot my knowledge and belief.
C. N. JORDAN, President.
Subscribed and sworn to before me this 2d day
of October, 1889.
Hu.m phrk v J. Monau aiy.
.
New York County.
CANDA,
)
W. M. COLE, Jr..
> Dlreotora.
EDUABDO GOGORZA. S
Notary Public,
Correct— Attest
C. J.
OF THE CONDITION OF THE
REPORT
CHASE NATIONAL BANK OK THE CITY
OF N KW YORK, at New
YorK, in the State of New
York, at the close of business September SO, 1889
llESOURCES.
Loans and discounts
Other stocks, bonds and mortgages
Real estat,*, furniture and flxtures
Premiums paid
Due from other national
Cashier's checksoutstanding
United States deposits
Due to other national banks
Due to State banks and bankers
.^
26
00
00
82
57
26
94'730 18
219*500 00
9 457*063 98
6><6'.929 64
Btate^ofNewYo'rk.'ci'u'n'tyn'fNewYV.rW^'*'''*"'''
1. .1 EnwAliii Simmons, President of the abovenatlied Dank, do solemnly swear that the
above
statement Is true, to the best of ray knowlediroand
"U'^k'
.u ..
Bubscribed
•'
Of October, 1880.
Correct— Attest
Pre,l<lent
to before me, this 2d day
D.
OFa.vninq.
Notary Public
:
WILLIAM H. PERKINS.)
SJ?PI-.,"'- ^ ''UA K'l',
i
FKBDK.MKAU.
S
'WALSH &
NO.
28
Certified checks
29..S90 04
1.390.424 18
9.000 00
and
204 97
cents..
Specie
1.400.480 60
813,137 00
U. S. certif's of deposit
for legal-tenders
00
&10,00!>
Redemption fund with
U. S. Treasurer (5 per
cent of circulation)
00— 6,048,320 tO
2,250
Total
$14,864,262 59
ject to check
Correct— .Attest:
EM. LEHMAN.
)
GEO. W CROSSMAN,>
\VM.
P. ST.
JOHN.
$500,000
600.000
2i4.966
44,480
00
00
59
00
Individual deposits sub-
Total
$11,447,199 94
State of New York, County of New York. s>
1. Fred'k B. Schenck.
Cashier of the abovenamed bank, do solemnly swear that the above
statement is true, to the best of mv knowledge and
belief.
FRED'K B. SCHENCK. Cashier.
Subsciibed and sworn to before me this 2d day
of October, 1880.
P. A. K. Bryan,
Notarv Public. New York Co.
Directors.
S
Demand ctfs. of
$3,'<37,078
Cashier's ch'ks outs'ding
DeiHjBits of U.S. disbursing olHcers
Due to other nat. banks
Due to State bks. & bk'rs
48
44.350 49
349.253 06
261,837 41
deposit.
Certified checks
199,605 82
6,'.i01,0«7
43
3.701,665 31-13 591.S88 00
Total
..$14,854,262 59
State of New York. County of New York. ««.:
1. Wm. H. Porter, Cashier of the above-named
bank, do solemnly swear that the above statement
is true, to the best of my knowledge and be.ief.
WM. H. POitTEK, Cashier.
Subscribed and sworn to before me this 2d day
of (Jctober. 1889.
RPS. H.SCOTT,
Notary Public, N. Y. Co.
Correct.- Attest
JOHN
JOHN
MOORE,
1
IHOMPSON,'^,), ^^
SA.'MUBL THOMAS, "'rectors.
H. W. CANNON
,'
I
Financial Review.
Provident Life
A Tear Book
of Financial Iiiforiiiation
jniiRCHANTS, INVUSTOKS.
Price of the ReTiew, bound in rloth,
Hubscribcra, • - . .
To Chronicle
- 9'i
.
00
150
Directors.
103
U. D4IV1
Trust Co
Incorporated Third Mo.. 22d. 1885
&
)
81,000,000
ASSE-rS, $23,696,592 98
INSURES LIVES, GRANTS ANNUITIES, RKCEIVKS MONEY ON DEPOSIT, returnable on
demand, or on which Interest is allowed, and Is
empowered bv law to act as EXECUTOR, ADMIN.
IS'TBATOR, 'TRUSTEE, GUARDIAN, A8810NBB
COMMITTEE, UBCKIVER, AGENT, etc., /"or the
CAPITAL...'
BANKKRS, STOCK BROKERS,
WII^LIAM
&
OF PHILADELPHIA.
(CUAUTBR PERPETUAL
FOR
FLOYD,
BROKERS.
50
12*^.902
Surplusfund
Undivided proflts (net)
National bank notes outstanding
84
16
74
256,049 10
216,498 92
9,612,084 05
BROAD STHBKT,
STOCK
$770,531 43
Capital stock paid In
SO
KI'WARD SIMMONS.
and sworn
10
00
00
00
13
00
23
tor Clearing-
$3,200,000 00
640.000 00
.;
53
$9,147,235
6.382
50.000
150.000
28.S0U
381.855
10,000
52,169
Overdrafts, secured and unsecured...
U. S. bonds to secure circulati )n
U.S. bond * to secure deposits
U. S. bonds on hand
LIABILITIES.
Individuals
$3,884,944
National banks
4.898,290
State banks and bank'rs... 1.S49.489
Demand certs, of dep'slt..
9,811
...
TT°'"Jl'°'..''l"''Undlvidc.lprotlt8.net
770841
outstanding
180.000
Kf'
'.^"''L'"'"'' "Pl^
Dividends
unpaid
21196
Individual deposiU subject to check.. IO,S19.'501
Individual deposits for acceptances. .. 14.319 94»
Demand certificates of deposit
]i 808
$3,500.000 00
300.607 83
30.020 00
Undivided profits
National bank notes outstanding
LIABILITIES.
,
18.000 00
${8,666,967 90
,
Legal-tender notes
Cashier's checks outst'g. .
Capital stock paid In
2,250 00
(5
cy, nickels
$'.8,497,242 18
3'0 67
200.000 00
U. 8. bonds to secure deposits
200,000 00
Btocks.securltles. JudKni'ts.claims.ic.
159,683 52
Due from other national banks
1,08^,296 85
Duefrom State banks and bankers
.M.054 56
Banking house.fiirnlture and fixtures
600.000 00
Checks and other cash items
12 859 74
Kxchanites for Clearing House
16.780!522 28
Bills of other banks
10.000 00
Nickels ani cents
10 96
Specie......
2,956.284 w5
Legal tender notes
403.035 00
u.lj. ctfs. of deposit for legal tenders..
660,000 00
Redemption fund with U. s. Treasurer
(8 per cent of circulation)
9.000 00
Total
.$39,821,320 71
810,278 00
060,000 00
Redemption fund with U.S. Treasurer
Deposits-
(IK
REr'OKT
FOIKTH THE
10198
1,282.971 50
other banks
Fr.ictional paper curren-
Total
& cts.
paper cur'ncy, nickels
l<'ractional
,
$104506,697 69
ttOd 72
50.000 00
1,000.000 00
..
128,400 00
1,430.289 72
189.887 42
88.559 70
37.994 66
6-3.918 75
90,500 00
4,986 32
2,408,506 89
3,870 00
Legal tender notes
Rills of
per cent
of circulation)
Premiums paid
Bullion (gold and silver)
Checks and other cash items
Exchanges for ('Icaring House
Bills of other banks
ExcbauKes
house
16,836 91
Treasurer
Overdrafts
U.S. bonds to secure circulation
U.S. bonds to secure deposits
Other stocks, bonds and mortgages.
Due from other national banks
Due from State banks and bankers
Real estate, furniture and flxtures.
Current expenses and taxes paid
banks
State b'ks and
bankers
Checks and other cash
items
Redemption fund with U.
S.
BESOUUCBS.
Loans and discounts
Due from
.
bankers
City of New York. In the State of New York, at the
close of business September 30, 1889
CO.,
PDBLISHER8,
WllUam Street, New York.
faithful performance of which Its capital and
surplus fund furnish ample security.
All trust funds and iuvestuientsare kept separate
and apart from the assets of the company
The income of parties residing abroad careful
collected and duly remitted.
SAM'L R. SHIPLEY, President.
T. WISTAR BROWN. Vice-President,
ASA S. WIKU Vice-President and Acttiarr
@FedFRASER