The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
:
:
xmtk
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
Wm.
(Entered acooiaiog to Aot of Ciingress. iu the year 1889, by
VOL.
B. Dana.
Sc
CO., In the ollice of the Lilirarlan of ConKress, Washington, D. C.)
SATURDAY, SEPTEMBER
49.
14.
NO.
1889.
1,264.
The exhibit of clearings for the first week of September is
a very satisfactory one. Notwithstanding the fact that Monday the 2d inst. was observed as a close holiday (Labor Day)
at a number of the more important centres, the aggregate
Terms of Sabserlption— Payable in Advance
exchanges for the whole country are in excess of those for the
For One Year (Inolndlne postage)
.........
$10 20
do.
For Six Months
6 10
jireceding full week to the extent of over twenty-seven and
Earopean Subscription (inolnmng postage)
11 28
three-quarter millions of dollars. This result is in part
EoropeanSubBoriptionSixMontha (Including postage)...
6 64
accounted for by the usual interest payments, &c., in the
Annual subscription In Loudon (Including postage)
.. M2 7s.
Six Mos.
opening days of the month, but at the same time there was a
do
do
do
Al 8s.
These prices Include the Isvestors' Sopplbmekt, of 150 pages more active speculation in share properties on the New York
iasned once in two months, and furnished without extra charge to Stock Exchange, wliich served to stimulate clearing house
snbsoribera of the Chronicle.
A file coTer Is furnished at SO cents; postage on the same ia 18 transactions.
Compared with the corresponding week a year ago, there ia
ents. Tolnmes bound for subscribers at SI 00.
a gain in the total of nearly one hundred millions of dollars,
Bubsorlptlons will be continued antU definitely ordered stopped. The which is shared
in quite generally, but only in a sUght degree
pibUsbers cannot be responsible for remittances unless made by drafts
outside of New York, this city contributing $89,303,748.
or Post OtSoe money orders.
few cities record losses, but aside from those at Duluth and
Iisndon Asents
Los Angeles they are unimportant. So far as percentage of
Messrs. Edwajidb A Smith, 1 Drapers' Gardens, E. C, who will tak* increase is concerned, Galveston leads this week with 91'9 per
subscriptions and advertisements and supply single copies of the paper cent, and is followed by Fort Worth, 81 per cent; Denver, 50'3
at Is. each.
l)er cent; Omaha, 39-8 per cent, and Indianapolis, 26'4 per cent.
wrttiAM B n»Ki I'WIlMl.IAn B. DANA & Co., PublUbera
The ^hxowidt.
A
r>Mt^pi:oTt
' >H" o- Fi^TD.
M
1»* William
p
I
Street,
opficb
NE«r VOKK.
Box
958.
Weeli
CLEARING HOUSE RETURNS.
The weekly bank clearings at New York and other cities are
made up by the various clearing houses each Saturday noon.
That fact makes it itnposssible for us to cover the current
week's returns, as we go to press Friday night; so to keep the
record accurate we are compelled to give the figures of the
previous Saturday in the detailed statement, which is the
second table of this article.
At the same time, that our readers may gain some idea of
the current week's business, we obtain each Friday by telegraph the clearings for five days of six of the more important
clearing hoiises. which together with New York figures make
up about 89 per cent of the total for all the clearing houses
for the same five days included in the full statement. To this
we add lq a lump the returns for the other cities (which average only about 11 per cent of the whole) for the same five days
of the previous week, and that gives us a five-day total which
must be substantially correct for the whole country. For the
sixth day, to bring the statement up to a full week's operations, we add about one-fifth of the previous total, making
allowance only when the transactions at the New York Stock
Exchange are above or below the average. The final result
is an approximate statement of what the full six days' clearings for the whole country will aggregate when the week's
statement U made up Saturday noon. Prepared in thi.s manner it will be seen, according to the table which follows, that
the clearings for the five days have been in the whole country
'
New York
Salu of—
iStock*
iharei,
(OatUm
iMlet.
iOrain
htuheli.
IPttrvUmn
bbli.
Boston
ProTldence
Bartford
New Haven
SDrlnKaeld
Worcester
Portland
Lowell
Total
New
Bngland...
Philadelphia.
PltUburg
Baltimore
SyraouM
Buffalo'
Total Middle.
Cbloaato
Cincinnati
Milwaukee
...
Detroit
Cleveland
Cotambae
Indianapolis...
Peoria
(}rand Rapida.
Total Middle Western
San Franolsco..
Kansas City....
this week against .?794,606,966 last year; and Minneapolli...,
Paul
adding about a fifth to each of these for the additional day the 8t.
Omaha
return for the whole country for the week ending today at Denver
uulutb
noon is approximately $1,062,.508,541, against $993,314,17.5 the St.Jos«ph
$882,91)4, :J28
corresponding week last year.
Cleakixgs.
ICeturiu bv ntegraph.
New York
BoHton
Philadelphia
Baltimore
^'htcago
Ht. I.ouls
New
Orleans
Seven cities, 5 dajrs
Other cities, .delays
Total
all cities.
All cities,
SOays...
Iday
Total all cities for week..
LoB Anireles....
Wichita
n'efk
Endtng StpUmber
T^opekR
Des Moines....
8I0UX Clty»
14.
Tacoms*
1889.
Portland'
1888.
$573,529,622
67,149,287
55,808,l»b
8,20».018
$502,897 908
67,38B, 868
50,2;i4, Oil
67,083,(100
17,21»B,775
63,787, 000
16.884, 345
-fl41
-0-3
-(111
-23-3
+8-1
+2-5
-H4-7
10,729, ,468
6,278,386
4,600, 667
*78«,057,2i4
98,217,104
$703,519, 287
89,087, 879
-m-2
$S'S2,904.328
$791,60
966
-Hll-l
198,707, •:09
-9-8
179,604,213
(i,
+10-3
Total Other Waatern.,
8t.
Lonls
New
Orleans..
Lonisvitte
Memphis......
Richmond
Dallas
Fort Worth...
"aiveston
Nirfnlk
Birmingham*.
Total
Total
OiUslde
$l,0e2,5n8..?41
»W93,Si4,175
I
+T-U
'
Sonthem
all
New Tork
Not included
In totals.
BnMng
Septeniber 7,
Week End'g
Axig, 31.
THE CHRONICLE.
314
[Vol. XLjX.
for 60 days to four
THE FIXAXCLIL SITUATION.
5@5|
with a
little off
Money has been comparatively easy but
The small per
hwdening tendency during the week.
increase in
banlv
reserves according
to
the last two
statements, notwithstanding the large bond purcliases
consummated, was a disappointing revelation to many,
while the recent small daily offerings of these securities to
the Treasury with at the same time very ample
revenue receipts by the Government and a larger flow
have
of currency from this city to the South and West,
in
loss
made it quite apparent to bank officers that a
appear
to
reserves would be disclosed when the statement
Enrtliermore, even
be made up.
to-day should
according to last Saturday's return few of our Clearing
House institutions had the power to loan with freedom,
months on
first-class
per cent on good mixed
color
is
collateral,
security.
and
Collateral
a
carried on time for long dates at about 6
cent, the borrower paying a
commission and putting
points below the market
value, so as to leave ample margin for a decline. There
is
only a light demand for commercial paper; the
city banks are not buying liberally for obvious reasons,
and the out-of-town inquiry is small. Rates are 5@5^
per cent for 60 to 90 day endorsed bills receivable, 5^®
6 per cent for four months acceptances, and 6@7 percent
for good single names having from four to six month a
the security in at a great
many
to run.
The Bank of England has made no change
mum rate
of discount,
the open market
which remains
London discounts
in its mini-
at 4 pert^nt.
of 60 to 90 day
In
bank
appearing according to that statement that four of bills have been somewhat easier at 3f percent. This is
the larger banks were carrying *r,344,100 surplus, while attributed in part to the prolongation of the strike of
the total amount reported by all of them was only the dock laborers, which was not settled till yesterday,
With such conditions as these prevailing, and had a disturbing effect upon business. The Bank
18,127,373.
it
and (we repeat of England gained £49,000 during the week. Accordwhat we have so often said before) so long as crop calls on ing to a special cable received by us this gain
New York continue free, the public will expect this is the result of a purchase of £233,000 gold in the open
tendency to exist except as it may be relieved by Gov- market, and the receipt of £16,000 from the interior
of Great Britain, offset by the export of £190,000, prinernment disbursements in excess of its receipts.
The Bank of France
cipally
to Portugal and Egypt.
unusually
large
that
the
week
ago
showed
a
We
long
for
the
first
time
in
a
while
shows a loss in gold,
to
balances,"
according
officers'
"Disbursing
in
amount
The open marthe first of September Government report, left the pre- but the amount is small only £9,000.
slightly hardening rates are
no surprise
;
—
sumption of very full "ordinary disbursements" by
Revenue is
the Treasury during the current month.
however also large, and hence the prospect seems still
to be that further bond purchases will be needful unless
This
gold imports accompany stringent money here.
is a point which the Government, while bank reserves
Of
are again declining, cannot safely lose sight of.
coarse, after the experience at the close of last
month
2^ per cent, at Berlin
cent, and at Frankfort the same.
ket rate at Paris
Our
is
it
is
2f per
foreign exchange market has been dull but firm
The
this week.
short rate for sterling was advanced to
*4'89 on Tuesday, in consequence of a
remittance and to cover
bills
demand
for
previously sold, while the
long rate was moved up to I4"85^ on Thursday because
Bankers report a scarcof easier discounts in London.
as to bond offerings, no one will question Mr. Wiu- ity of commercial bills, but they look for {i better supply
dom's better position for judging what amount of those before the close of the mouth, as the result of more libThe current rate for sight
securities he is likely to get at his present price if needed eral shipments of cotton.
But to one not sterling is very near the gold-exporting point, but unless
to relieve a stringent money market.
claiming any special information and looking at the there should be urgency in the demand, which is not
affair simply as an investment question, it would seem looked for, it is regarded as unlikely that there will be
The
doubtful whether any sufficient inducement exists in an advance to the figure permitting shipments.
the present price to lead trustees, executors, savings arbitrage operations for the week have tended to increase
banks or trust companies to part with their 4 per cents. the inquiry for sterling, although buying of stocks for
New York
2^ per cents (which are free from city and
county tax, but not from State tax) readily find a marThat fact indicates that the
ket a little above par.
classes we have named who have to pay taxes on funds
they hold in trust (because they cannot hide them as
the average individual can and does with his personal
property) have a use for a very low rate security.
The
Government bond will not, to be sure, at tlie price
European account was reported large in a few specialties.
The trade and crop situation remain the same as
The severe and
heretofore that is, very favorable.
prolonged storm which we have experienced here this
week has retarded trade somewhat, but as the disturb-
—
an ce
lia s
not extended very far inland, being confined
effect has not been general.
In the corn belt the weather has continued favorable
named, yield quite as large an interest as the New to the maturing corn, no frost having occurred to damYork City bond at par; but the difference in that par- age the crop. It will require only a little while longer
ticular, after allowing for the State tax, is not very to place the crop beyond the reach of danger in that
chiefly to the coast, the
material, and especially
when other differences in the way. This point passed, the yield is sure to be large,
nature of the two securities and the chance there is of and business affairs will experience the good results
a higher.State tax in years to come, always a possibility, arising from that circumstance.
According to the
are considered.
Agricultural Bureau report for September, there has
by bankers' balances, been a decline of about 4 points in the condition since
has loaned at 5 and at 2jper cent during the week, the the first of August, but the general average still stands
higher rate being recorded on Thursday. The average high, being 91 -1.
We give below the averages for some
was probably somewhat above 3i per cent, llenewals of the leading States.
It will be
noticed that
have been made at 4 per cent. Until Thursday this was while the older corn States, like Illinois, Indiana,
Money on
call, as
rejiresented
minimum rate at the banks and trust companies* and Ohio, show a condition falling below 90, the
on that day, though old loans were suffered to stand chief-producing States in the Northwest and Southunchanged, new engagements were at 5 per cent. Time west all have averages running above 90. Kanloans are in good request, and the rate is ^%b per cent sas particularly is favored in
this
its
respect,
also the
Skptembeb
THE CHRONICLE.
14, 1889.J
315
average being 99, which is 19 points better than in Sep- dend on the common stock was passed, that on the pretember, 1888. Missouri stands at 95, which also is better ferred stock was reduced, only 2^ per cent being paid
than a year ago. Nebraska and Iowa fall somewhat in October, 1888, instead of the semi-annual rate of 3^
behind their 1888 condition, and yet the figures are
very high, standing at 90 and 95 respectively.
CONDITION OF CORN.
1888.
1689.
1887.
Sialet.
Sept.
I
Aut.l Julyl
91
b7
76
08
07
90
80
99
97
99
92
93
OS
08
92
00
96
98
93
99
03
02
99
95
91
06
96
98
99
04
94
72
88
62
80
60
06
96
85
90
80
00
84
75
82
83
80
78
08
100
94-8
90-3
942
05-5
93
72-3
80-5
NewTorli
At. 0. S
01-1
87
101
67
78
67
42
91
m
61
July
I
03
SO
83
98
07
8S
«0
Tennessee
Kentucky
Pennsylvania
g.
06
93
97
81
Missouri
Au
t8
99
92
80
00
100
06
102
Kansas
1
32
35
02
97
81
08
81
70
02
90
88
80
87
05
06
09
81
96
Illinois
Sept.
Julul.Sept.l Auo.
1
1)8
tlU
00
100
on
100
fl«
llfl
ftS
110
09
For April, 1889, the payment was 2 per cent;
company announces 2^ per cent payable in
October, making altogether 7 per cent.
Had the old
per
cent
semi-annual
payment
not
been
interrupted,
3^
per cent.
now
the
the total for the three periods would have reached 10^
per cent.
Of course, however, not more than 7 per
cent
is
properly chargeable to any one year's accounts,
and hence
it is
satisfactory to find that after allowinsj
in full for this 7 per cent
and taking out
interest
all
.requirements and also 1234,120 for old accounts cliarged
off, a surplus of 1298,593 on the operations for the
twelve months ending June 30, 1889, remains.
earnings for the first month (-July) of the new
were
The
fiscal
given by us last week,
showing $52,834
and $10,263 in net. For August only
It is to be noted also that the Department places tlie the gross as yet is known, but that shows an increase of
For the first week of September the gain
averages for spring wheat very much better than last year. $134,323.
Wisconsin, for instance, is reported at 93, against only 78 is 16.5,585, indicating that the returns are growing
in 1888, Minnesota 96 against 70, Iowa 93 against 73, increasingly favorable.
The East Tennessee Virginia & Georgia has also puband Nebraska 88 against 80; Dakota, however, is
lower at 63, against 78. The condition of winter wheat lished some figures bearing on its operations for the
The results, however, relate
is reduced somewhat as compared with the last pre- year ending June 30, 1889.
vious report (July 1), but is stated at 89-4, against only to gross and net earnings. LTp to the end of May
only 77-4: in September, 1888. The general average for (11 months of the year), the company stood somewhat
spring and winter wheat combined is 87"6, against 77"3. behind in net earnings, but for the 12 months there is
Most of the other crops also show a high condition, a substantial gain. This result has been chiefly brought
though in some cases not as high as in the previous about by a very heavy reduction in expenses for the
month.
Compared with last year, oats now is 90, month of June; we suppose this is not so much au
against 87 '2, barley 88 -9 against 86-9, rye 91 "6 against actual lowering of expenses as an adjustment of accounts
93 "8, and cotton 86*6 against 83-8.
Tobacco is a minor for the months preceding, since the expenses for June,
1889, are placed at only $91,602 (against $225,335 in
crop, but has an average of only 76 "2, against 87.
The complications in the Northwest arising out of June, 1888), and with gross of $432,601 this would be
the competition of the Lake Superior lines, and the impossible. For the full year the total of expenses is
attitude of the Burlington
& Northern
year
07-7
increase in gross
with respect to given at $3,374,600, against $3,206,538 in 1887-8. The
gross in the twelve months increased $191,706, and thus
that competition, appear to be as far from a definite
The trunk
have the net reaches $1,926,958, against $1,843,380. These
With the
refused to unite with the roads between Chicago and results cover the East Tennessee proper.
St. Paul in making through rates on business from the Knoxville & Ohio included, the comparison is as follows
and
final
seaboard.
settlement as ever.
lines
In view of this refusal the Western Railway for a
Presidents held a meeting and unanimously resolved
that the matter be dropped
till
the
Eastern
evinced a disposition to help fight the battle.
On
the whole, the general
rate situation
East Tenn. Va.
<fc
Ga.
1888-9.
roads
This
would be wise and conservative because protecting local
rates.
But the Burlington & Northern refuses to
accede to the proposition, and declares that it must
take measures to protect its interests.
There have
been
some other rate disturbances ; thus the
" Soo " has made further
passenger
cuts
on
business between St. Paul and New York and Boston,
quoting rates as low as those between Chicago and the
same points; there has also been some trouble between
the New England roads on fares to the West; then the
Kansas City Fort Scott & Memphis has given notice of a
reduction in grain rates between Kansas City and New
Orleans, which will necessitate a re-adjustment of other
rates.
On the other hand some notices of reductions previously given hav« been withdrawn, and the diiferences
on passenger business in the Middle Western States
between Mr. lugalls' road, the Louisville New Albany
& Chicago and the Pennsylvaftia have been finally adjusted.
series of years.
still
1887-8.
$
Gross earnings
Operating expenses*...
Net earnings
*
5,600,210
4,776,097
4.110,578
3,560,428
3,157,026
2,623,309
2.141,491
2,030,787
1,619,871
1,490.269
!
i
1884-5.
i
4,021,587
i
!
2,733,29*
1,288,343
Not inelud ing taxes.
This shows very noteworthy progress, which indeed
a characteristic that all Southern roads are displaying.
In four years the East Tennessee has increased its gross
from $4,021,000 to $5,843,000, and the net from
is
Probably,
however, the
whether the company
has earned the 5 per cent dividend on its first preferred
stock.
That can only be settled by an official state$1,288,000
to
$2,141,000.
point of most importance
ment.
is
as to
In the previous year a considerable surplus refor that dividend,
mained above the $550,000 required
but in the late year the company put out $3,000,000 of
improvement bonds, and thus interest charges were
heavier.
There may be some other items, too, to
accounts both on the credit and debit
another dividend at 5 per cent should be
paid, the proviso in the reorganization scheme which
says that the preferred stock shall elect a majority of
affect
the
side.
If
1891, "unless before that time the
of its net earnings 5 per
the directors
" company should pay out
1
»
3,702,055
Milwaukee & St. Paul on
the dividend question, which had been awaited witli
considerable interest, has this week been determined.
be remembered that last autumn, when the divi
action of the Chicago
1885-a.
t
5,043.518
continues very satisfactory.
The
1686.7.
till
"cent dividends on such preferred stock for two full
It does
"successive years," would become effective.
nol, scorn likely, however, that the Richmond Terminal
THE CHRONICLE
316
LVoL.
xux.
Included in the foregoing payments were |i2, 125 in
now
would part with control of the property, which it
silver
coin, chiefly standard dollars, and ^2,177, 423 55
holds bv means of this first preferred stock.
drawn against gold deposited in the Subin
checks
irregular,
rather
The stock market this week lias been
Treasurv.
mainwell
prices
bat with the tendency toward higher
There has undoubtedly been considerable realtained.
for a decline have also brought
and yet quotations have at no
and operators
izing,
some pressure
ILLINOIS CENTRAL'S
ft
ATE POLICY.
to bear,
stocks
time receded very materially even in the case of
Tlie
largest advances.
•which had previously scored the
The
resignation of such a railroad
E. T. Jeffery
of the
Illinois
Central
manager
as
Mr.
occasion for
is
genuine regret. The company of course loses an
exceedingly able and efficient official.
But the circle
Gould
of
interests
is
than
Mr. .Jeffery
affected
wider
this.
Southern stocks and Missouri Pacific in the
The
has
very
popular
both
with
the
patrons
been
and
rise.
specialties have been conspicuous for a sharp
for
the
employes
of
road,
and
the
public
the
Western
bought
been
mentioned is said to have
first
so
speculation, however, has centred in properties not
prominent before. Louisville & Nashville among the
—
which
ordinarily so distrustful
of r«ulroad
London
account,
European
learnt
to
trust
him
imj^licitly.
The charThe
officials
has
times.
speculation
a*
the
in
interest
au
illustrated
that he
acter
the
man
is
well
by
the
fact
of
cause.
the
same
attributed
to
been
has
Erie
advance in
connected
with
the
Illinois Central for over
has
been
more
been
also
have
Vanderbilts
the
and
Grangers
The
The St. Paul statement was favorably thirty years, going through all the various grades of
or less active.
received, and the Western Union Telegraph Company the service from the lowest to the highest, and rising
The in public estimation all the time.
likewise presented a very good income statement.
To his intimate knowledge of railroad affairs Mr.
refusal of the trunk lines to make joint rates on busiJeffery
has added the possession of liberal and largeness between the seaboard and St. Paul had comparaviews as to the relations of the transportation
minded
have
no
There
been
tively little influence on prices.
taken
having
npon
bearing
developments
general
quite
public,
is
—
trade
values,
interests to the general range of industries in the coun-
try, besides which he has the faculty of presenting his
A little uneasiness, how thoughts in a clear and interesting manner. Thus he
ing in the main favorable.
ever, is again beginning to be felt in reference to the has been able to render great service not only to the
future of money in view of the large shipments of funds company which he represented, but also to the general
to the interior and the small bond offerings to the public in elucidating the various questions and prob-
and crop advices
accounts, railroad earnings
continu-
all
Treasury.
and from the
to-
ITttk
mdiiv
interior
by the
New York
Received by
N. T. Banki
Sept. 13, 1880.
CmreBcjr..
Net Interior
(1.318,U00
14,881,000
l,«4S.OO0
Loss. »3,38»,OO0
Loss. 1,612,000
11,913,1)00
»«,223,000 \Los8. »5.010,000
With the Sub-Treasury operations
Week ending
Movevient.
I.V.
GoW
Total Rold and lesal tenders.
banks.
Skipped by
T. Bunks.
\
the result
is:
Xet Change in
Onto/Banks.
Sept. IS, 188B.
Bank
Banks Inlertor Muvemcnt, as above
»1,813.0D0
8q|>-Treasar7 operations
15.300,000
t4,223,0U0
15,000,000
Total KOld and legal tenders. ...I tl6.Sl:i000
181,223,000
Boldings.
Loss. (5,010,000
Gain.
SOe.OUC
1].,0S3.
14,710.000
Bullion holdings of European banks:
Sept. 12, 1839,
Gold.
aaver:
£
£
a).886,2-8l
53,281.097; 50.878.9;9
German}*
28,fl01.000|H.302.00O
Aast.-Unnc'j
S.433,OOaiS,a84.000
Netherlands..
6,Sll.nO0| 6.236.000
NaUBelKlam*
S,fl;i,000
week
ToC preT.w'k.
1
til.
I).
ji.'
office
railroad investors
just at
1.335.000
18.310,774 88,2a2.80« 204.54 3,680. 110.582,18B|8g,648 . 22«|2 00,l«8.4 15
goM ami silver) Klven
•onn
in our table of coin and
of Bel;^iani 19 niaile troai
.ire iiUlo tr) obcaiu; lu ucitUor case is It clainieil
to
Uanl«« iii!il<e no ilLstinciloii In their wecljly rep )rts
lotiil K .1(1 and silver, but we believe the division
'! 'ieriniiny
service of the road will long be regretted.
unfortunate that Mr. Jeffery should go out of
upon an issue with regard to a matter about which
It is
11<!,401,379 9S.I85,»1!> 204.587.298 109.371.658 89,180,373 1»S,65«.031
t
bii
Sept. 13, 18S8.
which have been noticed in these columns. Whether ho
was addressing one of the Western State Legislatures
on the propriety and wisdom of arbitrarily reducing
and antagonizing railroad interests, or was
rates
addressing a body of railroad employes, or discussing
questions before a traffic association, or making an
after-dinner speech at a banquet of merchants, he was
equally felicitous, and sure to say something worth listenWe run no risk in stating that in these variQus
ing to.
capacities it will be no easy matter for the Illinois Central Company to find his equal, nor that his retirement
from the
Kaktand
France
T(it.thls
lems which have arisen in connection with the develof the railroad system of the United States.
His views and opinions moreover have been eagerly
souight after, and he has made many notable contributions to the literature of the subject, not a few of
money ment
following gives the week's movements of
The
and
llie
Bank
.|>proxlin»tion.
he
is
present.
and
capitalists are unusually sensitive
He
has,
it
seems, resigned because
not allowed to exercise full jurisdiction in the
matter of altering
tariff
rates.
We
do not wish to
enter into the merits of the controversy between Acting
President Harriman and Mr. Jeffery, nor
Suffice it to say that
is it
necessary.
appears that the Illinois Central
it
The Assay Office paid $323,027 through the Sub. Board of Directors last April amended one of the byTreasury for domestic bullion during the week, and the laws so as to provide that no reduction in rates should
Assistant Treasurer received the following from the thereafter be made by any officer or emiiloye of the
Cnstom IIou,«o.
company " without the approval of the President first
•'had and obtained, who shall immediately report his
Ootuitling of—
Dalt.
'action to the board." This was a wise and conservaDuHu.
Q«ld.
17.
&
Nolei.
7.
9.
10.
11.
12.
W'jt.ioi 0,^
387,219 6S
737,219 17
738,2.59 94
2h-[,a-T, 74
294.U1S 56
TaUl.
M.836.397 14
e»i>t.
•'
"
"
'•
"
0.
Silver Oerlificalei.
¥1,330
Ji;5.300
$52.'JS0
1,34.5
20.150
41,150
35,450
20,000
14,650
53.200
100,800
152,310
41,050
42,110
»1 57.6001
8442.9501
592
eso
l,3i0
140
j
Bold
Oerlijle'i.
».'i,407
tive step, in
harmony
wifli
tlie
prevailing spirit
and
tendency, and in consonance with the existing demands
$7,500
Mr. Jeffery thought, however, that
7,750 of public opinion.
13,150
10,900
5,500
COOO
JS0,800
was in New York, and the road
managed from Chicago, that it would be
for him satisfactorily to conduct the traffic
as the President's office
had
to be
impossible
and business
of the road
under such a
limitatioa, pf the
.
>
September
THli
14, 18t9,l
CHRONICLE
317
rate-inakiug power, and accordingly at once offered his
resiguation.
President Stuyvesant Fish persuaded him
not to carry his determination into eflect for the time
being, hut to continue in office till December 31, the
understanding being that Mr. Jeffery was to exercise
the same functions as bofoi-e.
But it seems that last
week Vice-President Ilarriman, who is performing the
President's duties during the absence of Mr. Fish, now
in Europe, instructed Manager Jeffery to refer all
GROSS EARNINGS FOR AUGUST.
No fault can be found with the character of the
August exhibit of earnings. The gain is large, it is
well distributed, and the month ranks as the best of tl^e
whole year.
It
should be noted, too, that the statement
embracing all classes of companies
the country with the exception of
N"ew England, and including an unusually large number
applications for rate reductions to him.
Mr. Jeffery
of roads.
Altogether, we have returns from 140 sepremonstrated, and referred to his understanding with
lines or systems, which is more than has ever
arate
Mr. Fish, but Mr. Harriman maintained that the
by-law was in full effect, and must be lived up to in before been contained in our monthly statement, and
good faith. Mr. Jeffery then peremptorily severed his the mileage being 79,614 miles. On these 140 roads
the gain over the corresponding month last year reaches
connection with the company.
or 9-80 per cent, the increase in mileage
*3,279,328,
All this is interesting as showing the position of the
3-20
being
only
per cent.
The total gross is $36,709,297
Illinois Central on the question of maintaining rates,
than which there is at present no more important iu August, 1889, against $33,429,909 in August, 1S88.
problem affecting railroad interests. The Illinois Cen- All the other months of the year have shown gains, but
representative,
is
and
all
sections of
tral is
not so large as this either in
every conceivable
evidence of what the roads under satisfactory
conditions of traffic and business can accomplisb with
evidently in accord with the prevailing determination to limit and control the rate-making power in
way, so that alterations in tariff
schedules shall occur only after the most mature deliberation and with a full knowledge of the probable
consequences.
We all know the evils that arose under
result
amount
or ratio.
The
is
rates fairly w'ell maintained.
The
to
know of course
with good or bad results the
In the case of some individual roads it
the opposite policy, by which almost every subordinate previous year.
hardly needs to be said the increase is in part a recovery
official had it within his power to upset the most
carefully prepared plans for observing agreed compacts. of a previous loss, though instances of this kind are
We do not refer in this to the Illinois Central, which, not as numerous as might be suj^posed. On the other
thanks to its good managamant, has not been troubled hand, we have a few cases where there is a loss followTaking the exhibit
in that way, but to the generally prevailing practice up ing a gain in the year preceding.
as a whole, however, though the earnings last year were
to the beginning of the present year on most
investigator
will
whether the comparison
desire
is
Western
not entirely satisfactory, yet there was no loss then but
rather a small gain (-SG41,240, or a little over 2 per cent
roads.
The evil was a crying one, and had to be redressed,
and there was no one point on which the bankers and on 111 roads operating 04,214 miles), and this came after
presidents were more strenuous than that there must be very heavy gains in both the j'cars preceding, August
reform in this respect, and that subordinates must be 1887 having shown l2,85o,732 increase on 00,000 miles
of road and August 1880 $3,749,245 increase on 53,287
shorn of the power of disturbing rates.
Of course,
The following is a recapitulation of the August
in the Illinois Central case the circumstances were miles.
aggregates back to 1880.
peculiar.
Mr. Jeffery is not to be
classed in the cate-
gory of subordinate
tion,
fact
his
placed
iim
great ability
that he
in
had
him
His character and posiand valuable services, and the
officials.
1
Year
Tear
Year
Year
Oivtn.
Preceding.
Given.
Preceding.
miea.
Miles.
i
17.120.895
roads)
roads)
35,021
44,429
Sl.iiii
19,>^7l,7ol
roads)
roads)
roads)
65,730
43,6)9
roads
53,2h7
BO.OfW
5l,l(i8
«4,2U
KtfiH
so signally justified
in the past, were
to special consideration.
the confidence
elements entitling
The rate-making power
might safely have been continued in his control. But
on the other hand, the point at issue involved a principle, and the position of the Illinois
Central was in
some respects exceptional.
It had refused to become a
party to the Inter-State Railway Association,
and yet
puljlic opinion would not tolerate any
wide distribution
Samings,
VatcLde.
Ptrioi.
Auif.,
1860(42 roads)
Aug., 1881 :15
Auk.. 1882 iSI
Aiii:.. 1883(71
A iig., 1884 (.?4
Aug., 1885 |53
Aug., iSsa (73
Auk. .1887.101 roads.'
Auj..l868(Ul roads)
Au(.'.,l8J()(H(i
roads)
ii.ua
3U.435
51,185
41.007
4D.S84
25,071,379
2^,461.631
Increate or
Decrease,
t
i
13,060.01o'jn«. 4.039.(!8O
16,lo9.7H Inc. 3,712,038
22.74S.0S3 Inc. 2,32i,2V7
I
16.165.83li
27.333.367 Inc. 2,118,247
20.319.419 Dec. 1,283,593
17,327.881 Dec.
8«2,05*
24.93'J.1»ij6
21,190,9.il|f)ic. 3,749,215
58..593
27.0] 0,232
24,164.b00;rnc. 2,855,732
61,140
77.141
29,308, ISV 28.688,8921 liic.
611,240
:M,709.2«7' 8:i,429,-i(i9!Jnc. 3.279,82*
19.0;35.82fl
With a gain of over Hi million dollars, there are of
was doubtless to show course some heavy individual gains, and these come from
that they were in full sympathy with the
spirit and all sections. The Northern Pacific stands foremost, havinirpose of the Inter-State Rail way Association
in regard ing an increase of $379,573, and the Louisville & Nashto rate matters that the amendment
to the by-laws was ville comes next with an increase
of $279,003.
Good
originally made by the directors, and
it requires no general business, with the
development of local indusof
tiie
power to make
rates.
It
stretch of the imagination to suppose that
Acting-Presi-
tries, is the explanation offered in each case.
The
dent Ilarriman was actuated by the same
motives when Nashville had a small loss last year, but the Northern
he insisted that the expressed wishes of the
directors in Pacific then had a gain no less noteworthy than the
this respect should not be disregarded.
In any event. present one, so that in two years the earnings have risen
we have in the action taken an assurance
that the from 11,299,580 to $2,044,864, or nearly three-quarters
Illinois Central management,
like the Inter-State Rail- of a million
dollars
this in one month.
Other heavy
way
Association,
means
to
make changes
—
in
rates
a
gains in the
present statement are $158,203 by the
difficult matter, thus tending
to ensure greater stability Canadian
Pacific, $137,000 by the Chesapeake & Ohio,
and uniformity, and if there is
any one thing that *1 34,323 by the Milwaukee & St. Paul, $134,028 by the
would tend to reconcile the owners of
the property, and Chicago St. Paul & Kansas City, $124,056 by the Grand.
the general public as well,
to the loss of such an Trnnk of
Canada, $109,054 by the Kansas & Texas,
excellent and capable official
as General Manager Jeffery. $138,444 by the Mexican National, and $127,213 by the
'•
it
that very cirouinstance.
' New York Central,
These only comprise roads having
'-•
i
'
'
'
'
There is a very large number of j
companies whose improvement ranges between $50,000
and 1100,000 and on which the ratio of increase is even
flour,
(IMt.)
suffering
from the shortage
St.
previous year's gain, while the Atlantic
&
much
Pacific
Oati.
(buih.)
4.2Sa,3'W
2,581,34"
8,043,279
7,148.603
18,177,744
6,951,058
7,754,377
51,706,0''9
3l,2U,8-0
1,787.909;
88,453,986 30,359,275
'
I
109,427
2ie,v88
1,2TS,688
698,105
385.742
830,000
885,000
66,490]
57,000
3,502,073
4,403,198
698,555' 1.700,00(1
62S,6i«) 1,785,000
133,127
3,4.37,631
93.561
4.511,056
6,960.156
7,834,111
8,396,9401 1, 493,540
1,733,4'.0 1.594,S75
19,098,78x1 7,185.740
11,536,8741 6,313,083
1,<102.522
Louis—
6«!..f51
577,382
16,192
12,6«9
91.399
10»,'S78
13.149
2rt,3I7
90,794
136,920
34,932
34,814
284,767
i;9,8i'6
8.773,886
8,891.079
3,633,898
4,485, /82
1,181,838
8.;79.519
2,870,524
3,317,787
134,759
199,0941
157,5381
388,.S80
2,326.236
1.418,045
279,688
455,771
86,048
58,357
380,868
439,445
1,586,311
l,286,i44
1,088,289
801,600
87a970
63,904
48,700
321,187
531.101
1,888,838
2,037,638
8,311
8,858
28,686
286.312
1,177,99)
1,295,500
451,-^86
518,890
18,9-28
Peoria—
8 wks. Ausr., 1889
5 wks. Aug.. 1.888
Since Jan. 1, 1889
Since Jan. 1.1888
31)7,700
799,200
833,800
753.038
799,495
7,353,800
8,376,860
280,000
7.859
12.019
65.T00
81.478,
1.641.400
23,650
43,900
360.385
85.200
7,800
435.000
494,165
1J292,8(j01
7,533.000!
8,780,030
835,-320
Duiun6 wks. Aug., I8S9,
291,.574i
252,981)1
5 wks. Aug.. 1888
Since Jan. 1, 1889, 1,133,748,
Since Jan. 1,18»8 l,011,e95
Minneapolis—
be said with reference to the
road has not lost quite as
4,3«0,|^8
wks. Aug.. 1889
8 wks. Aug., 1S88
Since Jan. 1,1889
Since Jan. 1, 188»
Detroit5 wks. Aug.. 1889
6 wks. Aug.. 188-'
Since Jan. 1.1889
Since Jan. 1,1888
Cleveland—
5 wks. Au/., 1889
B wks. Aug., ISiiS
Since Jan. 1,1889
Since J.in, 1,1888
be suffering
latter that the
Com.
ToUdo—
mentioning, namely that of the Atlantic & Pacific for
170,935, that of the California Southern for $43,250,
and that of the Columbus Hocking Valley & Toledo
The two first mentioned roads appear to
for $43,764.
It is to
FOR FIVE WEEKS BHDBD ATG. 31
JANUARV 1.
Onuh.)
408.981
b
135,768 as the result of the same causes as the Manitoba, added to the competition of the Eastern of Minnesota. Besides these, there are only three other losses worth
itself.
1,
SI.NCE
fVheat,
497,4529
2,343,4:18
6 wks. Aug.. 1889
8 wks. Aug.. 1888
Since Jan. 1,1889
Since Jan. 1, 1888
We
spring wheat crop of 1888.
more recent returns show greatly improved results aud
that it is now believed by the officials that the corner
has been turned. The St. Paul & Duluth has lost
while th
1,
Since Jan. 1.11-89
Since Jan. 1,1 888
of the
peculiar to
I**'
1889
1888
Aair.,
Mtiwaukee—
understand that the
from poor business in Southern California,
Hocking Valley is suffering from causes
U-
5wk».
6 wks. Aug.. 1889
6 wks. Auk'.. 1888;
The Manitoba has lost
any great consequence.
11-44 813> and that is the only road which falls as much
The road had a heavy gain last
as 1100,000 behind.
still
5 wks. Auk..
Since Jan.
Since Jan.
of
is
ORA.I!«
AKD
heavier than in the cases cited.
As regards the decreases, they are comparatively few
and unimportant. There are 30 altogether (out of 140
roads reporting), but hardly half a dozen of them are
year and
[Vou TUX.
BECKirrS OF FI,ODB AND
OTer #100,000 increase.
,
!
THE CHRONICJLE.
318
had
1
as its
also
a large increase in August, 1888.
108,65'
210,946
836,.S55
800,780
2,241,920
8,275,488
78,768
I
8 wks. Aug., 1889;
B wks. Au-!., 1888
Since Jan. 1.1889
Since Jan. 1,1888
22,379,661
Total of all8 wks. Aug., 1889, l,01.'j,041
6 wks. Aug., 1888 l,145.'.l»7
Since Jan. 1,1889 5.889,1106
Since Jan. 1. 18S8 8,084,116
14.750,050
16.813,'40
41,487,385
57,678.252
1,711,550
2,059,380
15,««S,-i09
16.958,677 12.018,714
9,137.897; 8,911,171
84,001.685I5U,329..S82
58.430. 175;.^0,070,950
463,098
542.987
848,018
288,880
8,781,861
7,293,340
1.670,881
1,599.726
As an important element in the present favorable
Thus while the receipts of wheat at the nine points
exhibit, mention must be made of the enlarged grain given were over two million bushels less than last year
movement during August, 1889. The increase, how- Chicago by itself actually gained 1,650,000 bushels.
ever, came not from wheat, but from corn and oats.
In corn, the same place gained (for the five weeks) nearly
Chicago,
gained in wheat, but that
5^ million bushels, out of a total increase of about 6f
other "Western primary million bushels, while in oats about the whole of the
St. Louis, for instance, received over a milthree million increase appears at that point. In order to
it
true,
is
also
was not the case with the
markets.
weeks ending August 31,
show more
clearly the comjjarative extent of the grain
1889, than in the corresponding five weeks last year,
movement
at
lion bushels less in the
five
we give the following
Chicago,
and Detroit in the same period lost almost a million
covering the even month.
bushels.
At Toledo the decrease is over 600,000 bushBECBIFTS AT CHICAGO DCMJJO AUGDSr AND
els, and Cleveland and Peoria likewise show diminished
table
SISCB JANUARY
1.
1
This general falling
totals.
off
may
Auffust,
occasion surprise
1888.
in view of the good winter wheat crop the present year.
The
explanation
is
that last year the receipts in August
were unusually heavy,
first
by reason of the fact that
the late harvest had somewhat delayed the movement
in the month preceding, but more particularly be•
high prices then prevailing induced a
very free marketing of the crop.
This year prices
were not such as to encourage liberal shipments.
cause
The
the
of
it shows that those roads did not have an
increased traffic from wheat.
It would appear, too,
that they could not have been much advantaged by the
larger movement of corn, since hardly more than a mil-
1887.
1,508,316
1889.
August 31.
1887.
1888.
3,804.638
2,323.420
Corn., bush.
Oats... bush.
Eye... .bush.
Barley.bush.
11.107.735]
7,378,7201
293,588|
79,61 ij
309,187
90,579;
978,500
849.884
413,935
1C4.381
771,72^1
4,778,588
3,985,685
5,020,561
Total grain
Flour. ..bbls.
Pork...bblB.
88,664,28o' 13,383,535
14,468.657
98,844,513
80.025,544
77.748,046
2,837,545
21,978
4,336,997
8,9i>8,993
85.317
51,873
7,080,808
14,464,887
8,315,175
8.475,1171 50,973.238] 38,195,633
4,269,082
6,6-33,918;
88.797,870
88,015,780
360,778i
459,166
511.603;
606
1,088
1,0551
Cut m'ts.lbs. 21.906,905
8,673,002
Lard.... lbs.
3,166,453
267,715
The
the
1
1888.
to
Wheat, bush
6,952,966
337,686i
LivehogsNo
reduced movement is an important one to bear in mind in interpreting the comparative earnings of the roads in the Middle Western
fact
j
Jan, 1
August
total
8,01 1,143
31,102,974
17,305,897 175,559,111
4,-306,600 80,877,158
304.902'
3,595,143
grain receipts at Chicago
S0,034.-30J
88,663.345, 153,661,348
44,538.051, 63,004,728
3,343,915'
this
3,187,199
year in
be seen were 32,664,260 bushels, against
only 13,323,535 bushels last year in the same -month,
In wheat, the
being au increase of 9J million bushels.
States, for
it will
j
'
'
gain for the even
but
month was about
requires
this
1^ million bushels,
The gain was
further analysis.
and not in sjiriug wheat (the
showing a decrease),
Peuria which makes it evident that the roads running
combined. Nor have the larger shipments of oats helped south and
southwest
from Chicago brought in
them much, for while there is an increase of 348,000 enlarged amounts, and not those running north and
bushels- at Peoria and 52,000 bushels at Cleveland, larger northwest into Minnesota and Dakota.
That the
or smaller losses are shown at Toledo, Detroit and St. movement for the spring wheat sections was less than a
Louis aud this in the face of a gain of over three mil- year ago also appears from the fact that at Duluth the
lion bushels in th« Western oats movement as
a whole. receipts for the five weeks ending August 31, 1889, were
entirely in winter wheat,
j
lion bushels of the heavy increase in that cereal is found
at St. Louis, Toledo, Detroit, Cleveland and
inspection
of
the
latter
'
I
'
—
'
The
truth
the increase in nearly all the cereals has
been chiefly at Chicago, aud the roads to that point,
rather than those elsewhere, have had the benefits.
This
is madt> evident by the following
detailed statement in
our usual form,
is,
'
'
'
'
|
only 210,940 bushels, against 836,355 bushels in 1888,
and the
receipts
at
Minneajwlis 1,711,550
bushelsy
against 2,059,320 bushels.
It will be noticed that besides the heavier grain movement, Chicago had larger receipts of provisions pork^
—
'
—
September
The
.
...
..
...
..
THE CHRONICLK
14, 1889.]
cutmeats, aud lard
increased.
-
..
.
..
319
—and that
latter
is
the arrivals of hogs also
only a part of a very general
and very heavy increase that occurred in the movement
of live stock. During August, 1889, 21,787 car loads of
Orott EamlH0$.
Name of R'lad,
188J.
Peoria D.c.
Evans.
ct
67,906
193,122
10,839
914,238
132,425
Western.
were delive?ed at Chicago, against only 16,010 Pltt«burK&
Ariz Cent ...
Pi-es.
Dan.
sys
(8 rds.le
R.
Ai
Quincy
The Burlington &
car loads in August, 1888.
Rio Grande West'n...
Island..
Or.
Jo.
&
8t
Hock
the
loads,
and
shows a gain of over 2,000 car
St.L.A.AtT H.brchs.
Umis
Ark.
& Tex
8t.
Kansas
Paul
the
St.
&
aud
Island, the Northwest,
8t.Limls&SanFran
Paul
Duluth
...
has
Fe
St.
each.
The
Santa
loads
car
City, about 1,000
.'i
.fe
The Alton brought
290 car loads
less
;
the other large carriers
all
St.
in
had an
increase.
GROSS EARNINGS AND MILEAGE IN AUIiDST.
Name
of lioad.
1889.
Anuistun & Atlantic
Atch.Top. A S. F(!
St. L. fc C. &Col...
Gulf Col. &S. Fo.
.
G.180
1,753.920
8,"*1.5
Ciiliror. C'entr.il ....
311,976
79,«58
Callfor. SiiuiUeru...
AtUntii A: West Tt...
53,7>i4
31, SOI
At!autie & Danville.
Atlantic &Pacitie ...
Biili. Rocli. <k Pittsb
39,000
191,922
174,191
1,377,000
29,251
23,"50
611,000
194,740
208,794
219,184
2,213,000
7,412
340.413
112,60J
6,686
68.585
366,094
155,238
.
Cauadiau PadUc
Cape Feai i Yad. Val.
CLatt. K Mue i; Col ..
CUcsaiieake it Ohio, b
CUos.OUioiSoU'hw'st
Chicago & Atlantic
Chicago & East 111.
.
Paul.
Chicago ifc Ohio River.
Clilc. St. P. i Kaus.C.
Chic. & West Mich ....
Ciu. Geoitf. & Portsm.
Cin. Jacksou & JIack
Clu. N.O.ATex Pac.
Chic. Slilw.
d: St.
Alabama Gt.South.
N. O. AXorth East,.
Alabama & Vicksb..
Vicksb. Sh. & Pac
Cin. Rich. & Ft. W...
Ciu. Seluia ii Mobile.
.
Ciu. Wab. & Mich ...
Cin. Wash. & Bait ....
Clev. Akron &, Col
.
"
Cleveland
Canton..
ct
ciov. Clu. cm. *St.L
Cleve. <fc Marietta-. ..
Colorado Midland
—
Col. & Cin. Midland ..
Tol
Col. Hock. Val.
Da.v. Ft.W. A; Chic.
&
.
Deuv. & Rio Grande
Deny. Tex d: Ft. W
Dot. Bay C. & Alpeua
Detroit Lan-sV ifcNo
Dili. Sou. 6h. i- Atl ..
East Tenn, Va. iGa..
Evausv. &, Indianap..
Evansv. & T. Haute..
Flint A; Pere Maiii. ..
Fla. Cent,
ik I'eiii.i...
Ur. Rapids .b Indiana
Other lines
tUrand Trunk of Can
tChic. i Gr. Trunk.
tDet, Gr. H. ti .Mil.
11 oust jn it Tex. Cent.
Humeston
Ind. Dec.
&.
.ii
Shenau
West ,..
Iowa uentral
72,4-21
42,'.'96
46,551
40,249
5,484
56,427
214,2770, i; 7
42,000
l,li3,^73
24,020
14 ,328
1
3.5,681
239,914
50,111
696.500
258,046
40,3JO
95,9 10
212,072
522,419
3 i,545
89,967
192,508
74,457
238,800
17,638
1,650,518
298,757
i'1,8 -i
280,139
15.000
4J,l-.7
Tncrease or
1889.
Vecreaae.
1883.
6,155
1,729,381
6,164
2c5,769
72,H6l
97,014
26,309
23,487
262.857
170,069
1,218,737
28,025
10,348
474,0
169,983
191,330
259,233
2,078,077
6,795
212,385
124,498
115,968
35,046
2-3,678
4i,678
705,70j
195,2040,221
98,931
189.518
45 J, 195
29,398
101,295
197,28J
58,718
218,458
17,111
1,5 .'6,462
229,39
96,6J0
220,0J1
11.592
4-\13 7
115,314
25.72J
312,200
69,.574
70, =166
20,608
17.3
Kingst. iSi Pemliroke.
Lake Erie Alii. i^iS
Lake Erie A- VVestern.
LeIiiKh J^ HiuLsou
Little Rock A: .Mem...
LouK Island
Louis. Evans. & St. L.
Louisville A: Nashv. ..
Louisv.N'.Alh. At Chic.
Louis. N.O. Ai Texas..
l.=),234
17,743
5,777
234,031
25,12,
55,124
451,7731
100,103
1,345,927
213,102'
l.onisv.
Southern
Meni|)his At Char'ton.
Me.xican Central
,.
; Mexican NaTioualiMexican Railway''...
Milw. L. Sh. Ai West...
\
Milwaukee A; Nortli
Mineral Range
Minn. Ai St. Lo lis
..
109,288
1,621,990
232,257
189,701
37,000
145,492
488,897
..
,'c
Wi-r-t.-rn.
A-
-^
W.-teru.
.
<}
Oiiio
A
.
Coluin
..
illc
Wl-St.....
-wsippi..*,
:hwe.8t
^
i Maysv.
Oliio Riv
Ohio Southegp
+ 4,991
—2,246
+7,556
+ 19,412
+ 10,2;?
+7,618
+ 65,90-
+ 1,022,
+28,300'
+ 835
—43.764
f3
-9,200
+ 32,838
+79
—3,024
+22,554
Lslmd
+ 497j
+ 124,056
+ 69,359
—4,828
+
'io,l;i8
+ 3,408
—1,980
+ 19,730
+ 2,9.11
+72,026|
-1,264
+20,025
+9,218
-992
+3,307
-2,509
-6U7
+24,6119
+5,191
—4,672;
+ 23,955t
+3,185
+279,008;
+ 19,155,
+ 128,444'
378,045
108,845
317,102;
-7,221
+60,943
203,994
488,728
2,044,861
52,839i
46,1851
+9,862
+ ll,41vii
—136
116,102
+ 15,300;
-727
+ 109,054;
192,779
+31,036
272,185;
10,444
3,273,771
+56.455;
56,933
191,722
410,495
1,665,291
139,963;
134,744
402,795
21,479
1,144
+ 9,0771
572,569'
IO6.I8OI
379,185
17,398,
830
50,475'
51.398J
&
21,172!
122,700;
.
8,231
Ac
+ 1,847|
+ 127,213
+4,6171
+ 12,272
+ 72,233
+ 379,573
+ 5,219
+ 23,610
+ 4,081
+ 314,
+ 2,364;
—5,213|
8,
...
L. Erie...
254
867
73
2li
307
-15.
73
+94,315 2,749
369
+ 20,2751
447
+25,980,
242
+ 19,103
+42,335 1,262
+69,736
—2,9 11
64 ,.597
+•43.096
+ 10,472
1,271 ,494
27, ,793!
2,633
369
447
2»4
257
2,685
132
353
131
110
48
255
21
1,497
24Ji
45
237
45
247
207
91
319
1,950
138
678
96
187
818
133
658
83
187
81S
+ 6.524
+9,785
+69,280
377 ,929;
1.205
1,329
91
1,950
+ 13,613
341 188
03 ,870,
72 ,795
417,209;
Wisconsin Central
042
77, ,374
66, ,583
82,205;
130,319
n ,656
1,314,590
38,265
354,800
70,394
82,580
1
WestVir. Central
Wbeellnjr
131, 921
4S5, ,)77
64, ,528
17, ,824
103, 219
83.091
&
A
7, 70cil
5'17,743
(140 ro a^lfl) ..;36,703,2>)7 33.423,969' +3,279,328 79,^14 77,144
Totivl
Three weeks only of August in each year, t For four weeks ended
Aug. 31. 5 For lour weeks endel Aug 24. ; M xica'i currency.
b R chmo.m & Alleghany Included In both years, e We give here the
earniugs of the entire system; the separate roads will be found else*
where.
GROSS EARNINGS
Name of
&
Annlstou
Road.
Atlantic
. .
Niw Orleans Ac N. E.
Alaiiama & Aeksburg.
Vijksburg Sh. & Pa«..
Oln. Rich. & Ft. Wayne.
.
& Cant»n
...
Ac .St. Lrf
Mailetta. .
Clev. Ciu. Chic.
&
Colora<lo Midland
Col. Ac Cin. MicUand
Col. Hock. Val. Ac Tol....
Dayt. Ft. W.
Denver
Ac
Ac
Chic
Rio Grande.
.
East Tenn. Va. Ac Ga
Evausville & Indianap
Evausv. AcT. Haute
Flint Ac Pere Marciuette
.
Flu. Cent. Ac Peninsula.
Grand Rapids
Ac
Tr. of Canada...
Chic. Ac Grand Trunk.
Det. Gr. Hav. Ac Mil...
H»ustou
Ac
Humeston
Ind. Dec.
Ac
Tex. Cent...
Shenand'h
West
Ac
Iowa Central
Kanawha Jlc Ohio
.
Kan. City Ft. S. & Mem
Kan. City Clin. Ac Spring.
Kan. C.Wyau. A: Northw.
.
"Kentucky Central..
•Keokuk k W(^stenl
Kingston
6i
.
Lake Erie -\Ui. A: So ..
Lake Eric Ac Western...
Lehigh Ac Hudson
Uttie Rock Ac Memphis
Long Island
Louis. Evans. Ac St. L.
Louisville A; Nashville
IiOUisv. N. Alb. Ac Chic.
l/oulsv. N. O. Ac Texas.
Memphis
A;
979,4:5.
028,942
349,016
344,276
291,878
59,771
344.206
1,315,372
470,0 '2
274,305
5,778,291
163,307
531.097
280,029
317,776
204,367
65.907
97,-245
3 1-2. '271)
31,927
15,595
62,213
25.010
366,682
.
Charleston.
JMexlean Central
jMexican National
[Mexican Railway
Milw. L. Shore Ac West'n.
Milwaukee Ac Northern
Mineral Kanj-'B
Minn. Ac St. Louis
Minn. St. Paul Ac S.S.M.
Ho. Kansas & Texas
1,329,777
414,139
249,355
5,111.009
177,531
860,355
210,733
1, SI .',933
205,955
4,932,3'Jl
1,100,741
3ie,287
010,883
890.228
3,5i;6,i83
150,528,
564,451
1,570,880'
1,010,333
732,476
089,482
I
.
t
.
'
26,706
y24,v»70
1,173,001
2,353,0.12
.
89,771
21,173
741,984
14,973
557,414
40.991
335,158
2,353,409
170,888
265,570
613,883
198,420
125,901
39,420
1,614,872
181,879
363,42
.
Pemliroke.
32,548
1,349,140
"60,'232
898,204
40,532
389,332
2.142,797
1,488.174
1,532,301
132,48-S
133,830;
12,727,307 11,791,531
2.090,117
2,293,457
710,187;
663,223'
1,390,093
1,660,95,1
91,786
88.805
237,421
243,557,
863,152'
915.456
176,320!
177,776
2,703,863
3,033,885;
Ind
Other lines
Grand
2 14,291
1,261,294
1,479,514
1,090,5M2
14,557,332
216,259
1,551,680
315,700
4,994,413
1,437,737
35!,813
710,220
1,108,533
3,877,090
187,030
571,855
Denver Tex AcFt. W.a..
Det. Bay City Ac Alpena.
Detroit Lansing Ac No...
Dul. S. Sh. Ac All
18,442
881,540
42,545
458,915
55,310
1,316,004
1,074,891
...
l,2'i9,000
3,33i;,10t)
1,609,119
Mack
3,744
893,731
10,600
21H,S30
l,389,74:j
Cin. Jackson
Cin. N.O. AcT. P
.\.'abaiua Gt. South'n.
Cleveland
Deereate.
Itierease,
58,074
15,022,093
247,318
1,820,191
3,795,0-Jl
15,2:19,310
17,521
l,900,5i;0
Portsm..
Ac
Ac
TO AUGUST 3 1.
8,240,482
9,122,02.'
Cnesapeake & Ohio fr
Ches. Ohio A- Southwest
Chicago Ac Atlantic.
Chle. & Eastern Illinois.
Chicago Milw. Ac St. Paul
Chicago & Ohio River. ..
Chic. St. P. Ac Kan. City.
Cliicago Ac West Mich. ..
Georg.
1
1883.
61,818
15.915,327
257,918
1,765,959
1,287,412
Ac
Atlantic Ac Pacitlc
Buffalo Roch. Ac Pitts. ..
Canadian Pacillc
Cape Fear Ac Y'adkin Val.
Oiuii.
JANUARY
9
—
S.Fe (5 roads)/..
Atlanta Ac West Point.
At.T.
FftOlI
1889.
Clevelind
+20,342;
1889,
+ 35,371 1,329
—35,768;
257
-111,813 3,021
177
+ 4 ',379
413
+ 16,006
160
+ 11,79
110
+ 6,709
78
+ 14,606,
255
+ 14,103
—5.436
24
+22,2'i6 1,497
245
+ 18,561
45
+3,348
237
+20,511
51
+ 189
+4.831
247
16, 106:
85, 897;
126,185
R. Tr...
Pacillc
Ac
+ 15,733
+ 4,147
305,002
121,480i
11,415
30,712
N. Mich..
Tol. A. A.
Cin ...
T.jledo Col.
Ohio Central .
Tol.
Tol, Ac Ohio Ce-.t. Ex.
West . .
lol. Peoria
Tol. at. L. At Kan. C. .
•
271 783,
537, ,408
165, .535
789, ,995
40 004'
83, 384'
71, 329;
100,000;
Ciu. .Selma A: Mobile....
Cin. Wab.ish Ac .Mich ...
Cin. Wash. & Baltimore.
Clev. Akron Ac Col
+68,024;
176,729'
97,4'5
9,603
Texas
8 ',126;
—11,328
—1,775
305,173!
297,781
61,5.50
N<.rrr)lk
11
+7,92 ).
+ 597
+22,918:
NUrtU'ii.
,v
39,503
29,682
+ 32,47.
+ 13,055
+34,548
Mabile A: Ohio
Nash. Chatt. At St. L..
New Orleans Ac UiUf.
N. Y.Cen. A: Hud. Riv
New York
21, ".53
+53,290
122,571
478,835
115,375
681,623
223,865
328.640
12,291
3,400,984
N. Y.Ont.
— ii,su5!
+7,4
82,983
129,390
.
8au A. & Aran. Pass
Sau Fran. Ac No. Pac.
.Say. Amer. & Mont..
Seattle Lake Sh. Ac E.
Shenandoah Vall-y..
i
+ 134,323'
+ 617
+ 134,028;
155,153i
27,323,
9,167|
Minu.St.P.AiS. Stc.M
Mo. Kansas Ac Texas.
+24,7571
+ 17,4641
-127]
"Kentucky Central ..
"Keokuk (fc Western..
47-i,728
+ 1,122;
+ 158,263;
+ l,2'9l
+ 13,102
+ 137,00
+ 10,815|
Kanawha <& Ohio
Kan.C. Ft. S. & Mem.
Kau. C. Clin, vfc Sp ...
'Kan.C. Mem. A; Bir...
Kan.C. Wy. A: Northw
5,170
258,730
30,319
50,452
+5,492;
+ 15,513;
—70, '135
6,t)13
135,080
28,713
414,226
20,389
59,52?
38,900
>.
— 4),2 50
57,770
312,804
122,766
59,306
31,373
45,954
35,258
7,730
48,871
194, "66
60,049
34,382
1,037,165
22,998
045,1 S2
..
ntr.il
U8
572,839
129,767
(Consol. sys.)
Western of Alabama.
West. N.Y. AcPenn...
+ 6,897
— 10,049
314,
Waiash
-|-46,207
1889.
-5,437,
-5,218|
112, 150|
100, l*''l
78, i08
97,471
Valley of Ohio
H-2,-81
Deereate.
73, 3431
198, 340,
10, 8 4!
819, 921
126, '25
&
4-25
24,539
-f
1888
AM
Paul Miun.
Montana C
Sraten
Mileage.
Oroas Eaniings,
1888.
or
$
live stock
gained nearly 500 car loads.
mitage.
tiiereaie
I
64^,511
11,365,626
l,542,94i
1,611,603
1,080.375
4,078,200
2,441,601
2,705,027
2,217,825
754,052
70,610
832,647
864,625
4,449,"58
170,: 95
170,701
613,999
191,038;
124,728
37,244
1,336,404
163,243
435,172
2,300,065
63 .',155
10,415,302
1,433.545
1,430,272
l,014.0.-;2
3,898,403
1,500,627
2,623,413
l.TOS.'fSO
683,684
62,124
831,235
601,367;
3,990,0011
462
54,174
89,328
194,204
62,98
7
2-!,500
27,511
6,133
14,224
214,536
474
266,247
49,811
62,022
330,993
28.S26
69,337
278.305
310,50
30,502
7,404
45,453
42,994
41,127
1,14-*
935,773
197,340
47,964
264,860
""2,981
6,136
52,304
1,456
325,022;
693
94,869,
116
7,382
1,173
2,176
278,468
18,036
I
52,937|
16.3561
950,^24,
109,397;
181,331
66.343
179,7371
941,037
141,614
451,995
70.3081
8,486,
1,412
263,258
459,0571
71,743
«
;
.
1
—
1
.
As
Decreas:
Increase.
1S8?.
1850.
Xaiiie of Koaii.
333,9941
1,572,919
207,9d6
2,024.784
2,292.7.'\0|
6,349
98,604
1U4.U53'
386,453
22,746,595,
26,692
375,983'
402,075
80,961
1,123,248
1.204,209!
326,397
3,147,TS5
3,474.182
13,0."i6,7M5 10,708,038 2,348,747
935,2631
911,793
145,281
2,393 294
2,340,57.^
17, 901
120,003]
137.901
61,891i
286,8771
34>',76S
853,7221
333,S95
25,<i32
456,915
4«1.9»7
i
St. I.flu'8
&<inlt
K
lllKl.
....
...
N.Y.
Norf"
N
it is
Southern roads that must be
Among
place for good results.
first
minor
of that group, only three
1,900,913
*Ohlo.
1
[Vol. XLIX.
usual, however,
awarded
all
those
namely the Cin-
lines,
cinnati Selma & Mobile, the Asheville & Sjiartauburg and the Kentucky Central, report diminished
earnings.
Among the
Nashville,
the Chesapeake
Danville,
the
Western,
and the
the Nashville
principal roads the Louisville
&
I
I
'
J
,n»8....
ni
1
.
1
Kl.li
Rio
!
IHE CHRONICLE.
320
M"l'll«>
1
.V
Iiiiin
llruuili-
l,44!),-2<;3
.
utrul
7,'''73,-i82
<- r.iiwl8)«.
929,796
WrsU'iu
752.<'5iJ
St. Jos. >Vc til. L'-liiuil
fit.L. Alt. A: T. II. Br-olis.
Texas...
Bt. I.. Arkao.
.S. Fraucisc^o.
6t. Louis
DiiliitU
St. Puiil
*
k
4
C38,2riP
37fp,.'^02'
754,214
1,732,827
3,513.186
977,063
4,681.05.''
6,703,3(52
761.242
.
315,846
2,185,472
VlrjtiLia Cenlrul..
488,'>4?
401.9;>0
* Lake Erie..
577.009
2,589,218
570,479
2,393,282
8tateu Islanil
&
114,.')90
5S0.(i05
liaii. Trail,
i
I'aiiMc
&
Nor. Mich.
Toledo Uol. & Cin
Toledo <fe Oblo Ctutral
Tol.* Olilo Cent fcxleu
Tol. Peoiia i Wcsleni
Tol. A. A.
15«,83f
756,101
8.',f 6c
&7.'i.60,3
.
Wheellnif
660.731
3 882,071
6(14,290
Tol. St. L. A Kan. C
Vallevof Ohio
Wahash (eoiiBOl. system)
Western or Alabama ..
^Vitem N. Y. & renn.
West
22,261;
613.397
55,310
544,295
646,117
3,S63,624
401,011
117,337
746,227
50,051
55a,033
322,200
391,340
7,749,843
2S4,031
2,029,80
6av. Amcr. ami .Moul
SlJtiiauiioali Valley
Texaa
16.=>.298i
63,634
6,274,008
823.337
671,908
2.0a2,53.'>
3,«72,705
St. raiil Mliiu. iVc M»n...i
Sail .Vut.iV: Araiia. fass .
1,283,!)65
Wisconsin Centrtil
632,920
•116,293
8,144,404
798,674
106,439
80,142
82,737
299.708
159,519
23,408
29,82"
East
Ohio,
Richmond
the
Tennessee,
dfc
&
Norfolk
the
Chattanooga & St. Louis,
system,
have
all
enlarged
a
noteworthy way, and the
Ei'langer
earnings
their
&
in
(
done proportionately Just as well. The
following compares the figures for some of the leading
It will be observed that the aggregate ou
comjjanies.
others have
222,819
1,023,707
147,843,
59,-286
36,U70
14,614
28,447
these nine roads reaches 15,438,070 for 1889, against
only $4,001, 33G in the month last year.
These same
little less than 3^ million dollars in 1880,
that in the three years since then the increase has
roads earned a
202,0791
41,4491
9,934
26,514!
so
been over 40 per cent.
22,'i7>i
310,7201
Xujust.
24,953
394.501
31,8151
1889.
1888.
18S7.
18S8.
1886.
t
«
«
»
t
Chesapeake & Ohio
156,16-Tl
cu.ooo
474.000
JB8.983
481,014
*298.198
13a,721
419,194
441,788
464.828
3f 4,811
»348.1S7
182,868
411.363
S89.'249
312,723
1,196,284
1,078.793
80,559
Ches.Ohlo&So.W.
194,740
Cin.N.O.&Tex.P."
e->2,(IOO
E.Tenn.Va.&Ga..
522,419
575,862
454.395
k Nasb.
Memphis & Char..
Mobile & Ohio
l,624,i>a0
1.345.927
l,8')»,5fl2
145,192
122.574
223,>565
i»a,77j
416.495
849,1.21
138.087
108.348
385,032
8^7,088
4.«0l,338
4.532,083
LoulBTllle
•Three weeks only of August In each year. tTo Auitust 24. 1 Mexican euircuev. o Incluiles for ihe tlrst three inouilii! the results ou
Richmonil & Alleghany include.!
the Fort Worth i: Denver only,
d Inrludes for the tlrst sx months of the year only
in Imtli years.
the uiileaKe emhraecd In the old Clev. Col. Cin. ic Iiid. system, e We
ft
pive here the earnings of the entire system the separate roads will
l>e found el.ewherc.
/ Embraeiug whole system, including lines half
owned wlih the exception of Atlantic &. Paciflc, which is sepaiately
given aliove.
;
lu view of the enlarged movement of grain, live stock
and provisions at Chicago, one is not surprised to find
that, excepting the St. Paul & Duluth, the Manitoba
and the "Soo"liue roads which run through the
extreme northern part of the spring wheat section, and
—
where that cereal constitutes the principal crop raised
that with those exceptions Northwestern roads all
report
considerably improved earnings.
We have
already
referred
to
the
heavy gains of
the
Milwaukee & St. Paul, and the Chicago St. Paul &
Kansas City, and according to reliable accounts the
Chicago & Northwestern has gained fully as much as
either of these, though we cannot get the exact figures.
The increase on the Milwaukee Lake Shore & Western
and the Wisconsin Central is also very heavy, the latter
Norfolk* West....
& Danv. sys.
488.728
944,230
Rich.
Total
5.438.070
178,938
530,171
Entire syst-m.
t
Utchmond & AUcKhany nob lucluded
156.535
1,117,313
05,82J,
114,893
149,078' +148,008
287,407
850.196
713,073
632.358.
1IB.373
3.,%n.778
228,408
620,087
3,420,6031 3,419,218
& Cairo.
+Not tncludtnK St. L.
*
t
1
{410.068
147,4^0
7,130:
193,9361
Total (132 roads).... 247.909,858 230,036,654 19,826.731 1,933,530
17,873,204
Wet increase
1884.
1
la these
]
ears.
One noteworthy circumstance connected with the
improvement on the Southern roads,
without
established
the
aid
is
the
of
that
it
has been
cotton
traffic.
August is the last month of the old crop year, and the
movement, therefore, is always small in that month.
This year it Was especially so, the gross overland
approximating
less
than 4,000
against about
bales,
13,000 bales in August, 1888, and the receipts at
the ports standing at 41,595 bales, against 60,963
bales.
In the Middle Western States we find a larger number
anywhere else, but this follows partly
from the fact that the total number of roads rejiortiug
of decreases than
is larger.
With the exception of t^ie
Hocking Valley, already alluded to, the losses are ntot
On the other hand, we have some
very noteworthy.
quite considerable gains both by these roads and some
road doubtless profiting greatly by the traffic contract
The new Big
with the Northern Pacific. The following is a com- of the more prominent trunk lines.
the
Grank
Trunk,
Four,
the
Chicago
&
Grand
Trunk,
parison for six years on a few special roads.
in that section
and the
AujutL
1889.
1888.
1887.
IH88.
1886.
1884.
the
New York
extent
of
Central, are
their
all
additions,
distinguished for
among
while
the
Toledo St. Loiiis & Kansas
k St.P ?,213,000 8,078,877 8.007,887 1,071,5911 1,786,011 1,825.348
Iowa Central
185,080
11&,»44
118.8(19
117,082
City also deserves special mention.
There is a host of
113.585
124,231
jnivr. L. Sh.A W..
878,0«I)
817,10.i
36a,9U«
851,450
134.221
88,031
cases where the gain is small, but the ratio of addition
Milwaukee & No...
108,840
97,485
81,810
65,081
42.108
40,162
Mlnneap. ASt. L.
iai,<8li
106,181
100.900
181,8S8
132,278
155,252
We annex the following comparison for
very heavy.
Bt. P. It Duluth...
189,767
163,535
165,067
156.452
12H,253
128,528
Bt. Paul M.& Man.
eie,l8Si
years,
but
in this instance the showing hardly reflects
780,886
six
684,9.'!4
627,764
686,0011
571,762
Total
3,781 39!- 8,870.ae9 S,016,41fc 8.807,160 8.813,176
the result as a whole in the Middle Western section,
2,839,039
The Southwestern roads have likewise fared well. since the roads having the best returns are the ones on
The Kansas & Texas has $109,053 increase, the Denver which we cannot extend the comparison back further
Texas & Fort Worth 862,838, the Houston k Texas than a year or two.
Central $60,138, Fort Scott & Memphis
$W,02G, the
1889.
1888,
1884.
Awim*1888.
1885.
L.L 1887.
Arkansas & Texas $42,335, the Gulf Colorado &
t
Santa
t
%
»
t
»
259,283'
248.184
Pe $40,207, the San Antonio & Aransas Pass
CblcaRO&East.Ill.
223,871
181,'!4Sj tl40.738
tl50,511
$46,00G, Chio.&West.Mich.
112.603
184,48S
128,313
127.269
127,188,
113,670
and others smaller amounts.
The Atchison shows Cln. Wash. & Bait. 214.278 184,868 206,786 183.373' 140,412 176,734
239.914
283,678
282,031
181,705
Col. H. v.* Tol...
8n,406[
218,00»|
reduced earnings only ou the California Southern
and Det. Lansing & No.
88,984
86.910
108.4 20
116,801
100.610
110,200
the lines half owned, chiefly composed of
101,285
89,007
9l,7i)2,
87,098
Torre H.
86.801
BransT.*
74,680,
Atlantic &
192.S0S
187,28;!
174.388
816.477:
Flint & P. Marq
168,825,
155,607j
Pacific.
The Denver & Kio Grande, the Kansas City Omnd
270,>-67,
225,864
290.687
896.5^5!
815.318
Rap.& Ind.*
242,479|
834,313'
853.;09
402,786
S70,185|
409,011!
878,100j
Clinton & Springfield, and the Little
Rock & Memphis Ohio & Mississippi
1,883,8461
,883,8401 1,809.828! 1.88b ,Uial 1.61ll ,»U6l
1
Total
.508, 785 l,533,o23
al.*o fall somewhat
behind.
• All lines.
t £>>l?WO A lodiiuiA CoiU not Included here.
_
t
Chic. Mil.
$
t
«
t
newer and minor
lines the
1
I
j
{
. .
1
—
..
SEPTEJtBER
THE CHUONICLR
14, 1889.]
COTTON MOVEMENT AND CROP OF
1888-89-
Our statement of the cotton crop of the United States for the
year ending Sept. 1, 1889, will be found below. It will be seen
that the total crop this year reaches 6,935,083 bales, while the
exports sre 4,742,745 bales, and the spinners' takings are
•J.267.089 bales, leading a stock on hand at the close of the year
of 5f>,3G4 bales. Tlie whole movement for the twelve months
ex.
is given in the following pages, with such suggestions and
planations as the pccidiar features of the year appear to
require. Tlie first table indicates the stock at each port Sept.
two years,
1, 1839, the receipts at the ports for each of the past
and tlie export movement for tlie past year (1883-89) in detail,
totals for 1887-83
and the
Reciipts tor Ytar
e^ulin^—
Sept. 1,
1880.
Louisiana..
1.6«7,3T6
Alabama...
214.20.'
^a.Cur'liua
400,53tt
188G-S7.
Exporti Year ending Sept.
1
Sept. 1,
Great
1888.
Britain.
.780,375
207,377
441,825
050,894
06O,fi27
Texas
•;o8.-27
6'^«,701
Florid*....
No.Car'lina
Virginia .
38.939
an.ifly
34,900
282,5:2
97«,S14
•97,584
•98,290
(leorgiii
.
York.
974.40'
•1211.297
•108,«0'i
iioston
Baltimore
Fhlla..
and
1,
1889.
Stock
Sept.l,
POHTS.
New
W
}
1
•JS.lUl
•37,680
•65.1.2(1
Ac.
»5I,8a3
mher
C*«"-'pranre
774,972
50,498
54.133
128,783
205.481
3,575
76.402
1.680
280.082
136.011
46,(27
.
6,8«2
42-'.450 1,489,487
25,740
16.895
21,076
177.051
283,191
86,697
50,498
257,624
408,849
316,832
22.665
100,747
114
61,541
56,313 544.054
2U6.931 1,080,291
4,668 231.750
42
25.8»»
1,415
1
60,310
13,211
a,3so
748
130
9,813
9,013
109,271
948
69,238
2.585
1,080
124
1,080
Portland.
S.Fr'nclsoo
1889.
j28e,066
;
487.741
649,718 103.101
Totai.
Foreign.
nel.
124
1
TotalaThls jeor 5,5i7,75Last year
Prev. yr.
321
that legislation affecting commerce must strike at the abuse
without doing violence to these natural tendencies, we shall
be at least on the right road to reach the correct solution of
In the meantime, anil while the public is
is not unlikely that producers will suffer
through tlie attempt to force commodities over legally imposed obstacles and through unnatural channels. We cannot
discuss these questions here, but it may be of use to say that
whenever the Arkansas or Iowa producer of cotton or of
wheat saves on the short haul to Meinpliis or Chicago, but
loses still more on the long haul to New York or Liverpool, he
is only illustrating the policy which long ago received the
And yet that is the
title of " penny wise and pound foolish."
dilemma which he and his products must inevitably face
many
social evils.
being educated,
it
under the operation of existing legislation, and the point upon
which it will be wise for him to fix his attention.
Up to this time, however, notwithstanaing the. longer haul
when marketed overland, the railroads carrying cotton north
and east have succeeded in retaining a fair share of the nioveTo be sure, these routes show no development the pa.st
niont.
year, the gross amount thus carried being only about the same
But that was
as last season.
as
much
as could be expected,
enforcement of the Inter-State law, and
of the fact also that the total crop, though in pounds larger,
Previous
is in bales a little smaller than it was a year ago.
We
development had been in excess of crop increase.
showed in our last annual review that while the total
bales
in
developing from
3,832,991
crop had been
1874-75 to 7,017,707 bales in 1887-88, or about 83 per cent,
the gross amount marketed overland had risen from 461,751
in
view of the
stricter
bales in 1874-75 to 1,441,920 bales in 1887-88, or 212 per cent.
2.841.636 107,35«'413.B67 '1,380,087 4.742,745 56.364
94,6001405,479 1.331,188 4,838,981 181.225
0,320.B24 12,698.226 75,2451477,126 1.207.72»'4,458.328 62.086
5,602.i!32 2,807,716
ty"
These flRiires lire only the portion of the receipts at these ports which
arrived by rail overland from Tennessee, Ac.
may get into a war of rates
be even able, under the more peaceful conditions, to oven-each the Commissioners; but barring such special circumstances, it is not reasonable to look for a repetition
Hereafter, perchance, the railroads
again, or
may
shows that the
total receipts at the Atlantic of the past ratio of growth under the new conditions.
ports this year have been 5,547,757
We do not say what we have said with regard to the overbales, against 5,609,632 bales last year and 5,320,624 bales in land movemeiit because we desire to see any favor extended
1886-87; and tliat the exports have been 4,742,745 bales, against to that route, or because we would seek to improve it at the
4,638,981 bales last season and 4,458,326 bales the previous expense of the outports.
Our wish is to have every route
season, Liverpool getting out of this crop 2,779,248 bales. If made as attractive as possible for the products of tlie country.
now we add the shipments from Tennessee and elsewhere That is the reason we have so often urged the rapid improvedirect to manufacturers, and Southern consumption, we have ment of all the harbors along our Southern coast. Each of
the following as the crop statement for the three years.
the Southern outports is the natural outlet of an immense
distsict; railroad building has made the overland route another
1887-88.
1888-89.
Year Ending September 1.
18S6-87.
natural outlet. When they are all left free to develop, when
5,602,632
5,320,624 every obstruction whether legislative or tidal is removed,
Eeoeipts ai the shlpp'gp'rts. bales
5,547,757
Add f*hipnienrs frora Tcniuiehee,
795,070 not only will the consumer be benefitted, but the jtroducer in
900,722
971,702
kc, Ju'Lct to manufactuiers...
each section can get his cotton moved along the line of least
Total
6,148,479
6,115,694
6,574,334,
Manufactured Soutli, not included
natural resistance and be able to save every fraction of a cent
443,373!
397,929
488,603
above
that can po.ssibly be saved in the expense of reaching a marTotal Cotton Crop Tor tbe
ket. That is the best any man can do, law or no law.
Tear
balen. 8,935,082 7,017,707 6,51.^,623
With regard to the proportionate marketings of the present
The result of these figure'? is a total of 6,935,083 bales (weigh- crop through the Southern outports, the changes in percenting 3,437,408,499 pounds) as the crop for the year ending Aug. ages from last year have not been material or due to any
31, 1889, against
7,017,707 bales (weighing 3,406,068,167 exceptional cause.
The variations that have taken place for a
pounds) as the crop for year ending Aug. 31, 1888. We now series of years are noted in the following statement.
give in detail the processes by which the conclusions for the
last year have been reached,
Tlie foregoing
and Oulf shipping
Per etnt of Crop
Orerland and Inter-State Moyeinent.
}fo fact
is
more
clearly indicative of the ascendancy of rail-
roads as carriers than the constant increase of the portion of
the cotton crop marketed overland, notwithstanding the facilities which exist through the outports.
say ascendancy
rather than supremacy because the States, with their
many natural water-courses, have always been admirably situated for the cheap movement of their products, and as
a regulator of rates, watei-ways, when unburdened with fixed
charges and not interfered with by legislation, still hold control.
Tlie publii3 has of late years experienced something of a
revelation respecting tins feature of the carrying industry
through the efforts of the Inter-.State Railroad Commissioners
to ad.iust the raili-oad law to the complicated nature
of our internal commerce.
Previously there had been no
little ignorance with regard to the rate iiroblem.
It was generally supposed that the tariff adopted was in every way an
arbitrary aftair wholly within the control of the railroad managers. Many have since learned that natural influences have
all along in the main shaped the charges which were in operation, leaving an opportunity for abuses only wittin narrow
limits.
When experience shall have taught the furrier lesson
We
Received
at—
0313
1405
03-31
Cbarleiton, Ac.
Savannah, &c..
Fl(.rlda
Mobile
New
Wilmlngt'n.Ac.
Norfolli,
Ac
03-02
02-58
0317
03-03
02-59
08-40
12-51
12-87
13-87
13-04
14-24
14-96
05-76
06-30' 05-98
07-56
08-45
09-61
13-70
12-82
07-68
12-42
09-22
13-71
ia-5j
11-58
11-79
13-84
00-49
00-49
00-42
01-48
00-80
00-43
[
13-91
0309
02-96:
0»32
00-83
03-79
04-18
04-211
00-29
04-48
Orleans...
«4-47
26-36
27-08
2«-94
2700
28-78
24-;7
21-91
Galveston, &c..
N. v.. Host., An.
10-22
09-83]
11-57
11-20
08-52
10-83
12-89
08-45
05-S7
03-97
04-94
04-68
04-49
07-29
07-39
00-56
Total throuifh
all ports
79-99
79-83
81-66
82-39
84-25
84-89 -86-09
88-84
12-99
13-66
12-21
12-42
11-06
09-26, 09-18
08-
6-31
6-13
05-19
4-89
06-85' 04-73
04-3
Overland net...
Southern con.
sumption
Tot. V. S. crop.
100-00 lOO-OOllOO-OO 100-00 100-00
04-88
02-35 01 -8S
14-18 13-22
10-19 08-59
13-51 12-88
00-29 00-30
05-95 0623
24-3
26-13
10-83 08-80
or 48 09-07
03-11
10000 10000 10000 100-00
In the above table we have only figured what is called the
net overland, as the remainder of the grro.ss amount is counted
at New York, Boston &c., or at the Southern ports where it
first appears in the receipts.
Srill, the entire gross amount
reaches a market by some all-rail route, and hence in measuring the overland we can only do so correctly by using the
gross figures. To indicate therefore the progress made in tlie
movement
since 1874-75, -we give below the total crop, the
—
:
MHB CHRONICLE.
322
and decrease
gross overland, and the percentages of increase
of each for a serieA of years.
and Dtttta$e-
Inerease
Crop 0/
1888-80
1887-88
—— —
:
..
.
aro$$
Overbuid.
Tolal Titld.
....
...
1383-84...
188»-?3....
1881-82....
1880-81....
1879-80....
1878-79....
1877-78...
1876-77....
1875-76....
1874-75 ....
991,960
1,049,070
1,217,215
1,134,788
1,090,067
1,181,147
891,619
5,7.57,397
5,073,531
4,811,265
4,485,123
4,C60,288
3,832,991
CIuuurefTom season of
per
693,640
636,886
703,780
461,751
,
1
Ct.
Increase 1-27
Increase 11.')^
Increase 2,53
Inerease 2705
Decrease 5'-i4
Decrease 13 07
Iturease 7-20
Inerease 4-10
Decrease 7-71
Increase 32i7
Increase 28-54
Increase 8-91
Decrease 9-50
Increase 52 42
Decrease 711
809
Decrease
'88-99 /n«r<!n«« 80-93
'741-75 to
|
216-2
hicr'se
In determining this year the portion of the crop forwarded
by each of tl;e diflferent overland routes, we have followed our
usual method
First— Ot counting each bale of cotton at the southern out:
port where
it first
1.SS8-89.
,
ro foriign ports
To oouatwise ports
Stoclf at close of
.
50.498
178,686
1S87-38.
.
750
746— 230,680
year
,
62,488
160,295
750
Mauufiu-tiired
Per
Ct.
Decrease 1'18
Increase "•74
Deertase 0-56
Increase 15'54
Decrease 0-78
Decrease 18-28
Increase 28-61
Decrease 17'50
Increase 14-45
Inerease 13-48
Increase 5-45
Inerease 7-26
Decrease 3-94
Increase 21-81
1,460,180
1,441,920
1,292,167
1,260,279
6,513.623
6.550,215
5.669,021
5,714,052
6,992.234
5.435,845
6,589,329
1886-87....
1885-86....
188i-85....
Alabama.
Exported from Mobile :•
Burnt
Of Ocerland.
Of Crop-
Bala.
Bala.
6,9 5.082
7,017 707
[VOU XtlX.
1,511— 225,041
Deduct :
166
Receipts from X. Orleans.
RocoiptH from Pensaeola.
Stock beginning of year..
302
14,801
16,887
1,511—
16,478
478—
17,667
Total produot of year
214,202
207,377
' Under the head of coastwise shipments from Mobile are included
41,385 bales shipped Inland by rail north and for Southern consumption, wlili-li, with 750 bales local consumption, will be found deducted
in the overland movement.
Texas.
Exp'tod fromGaive8fn,&c.:
To
foreign ports (except
Mexico)
282,253
302,099
To Mexico, from Galveston, El I'.-iso, Ac
34,579
To coastwise ports*
398,108
31,857
363,707
10
Burnt
Stock at close of year
Deduct:
Received at Galveston
from New Orleans
Received at El Paso, &c.
from Galveston, Ac....
Received at Galveston
9,012- 724,052
914
4,289— 702,866
9,016
8,173
1,942
710
.
from Corpus Christ!
78
4,289—
Stock bcginnlug of year..
15,325
54
4,228—
l.'»,165
Total pro duct of year
703,727
689,701
* Coastwise exports are made np as follows
397,465 bales from Galveston and 733 bales from Corpus Christi, &c.
:
appears.
Florida.
from Femandina, &e.'
Second—Of deducting from gross overland all cotton shipped Exported
To foreign ports
3,446
To coastwise ports
33,939
by rail from Southern outports to the North.
31,514
—
Stock at close of year
— 34,960
33,939
Third Of deducting also from overland any amounts taken Deduct
—
Stock
beginning
of
year
—
.Southern
consumption.
Southern
outports
for
from
33,939
34,960
Fourth Of deducting likewise arrivals by railroad at New Total pro duct of ye.ar
* These figures represent this year, as heretofore, only the shipments
York, Boston, Baltimore and Philadelphia, all of which have from the Florida outports. Florida cotton has also gone inland to
oiu- usual custom of counting that
been counted in the receipts from week to week during the Savannah, Ac, but we have followed
appears.
—
—
cotton at the outports where
year.
these explanations nothing further
plain the following statement, of the
the year ending September
1,
is
needed
to
make
movement overland
for
1889:
1888-9.
1887-8.
138S-7.
Amount shipped—
St.
Louis
582,761
293,576
9.304
42,488
198,983
190,013
130,515
12,540
Via Cairo
Via Hannibal
ViaEvansville
Via Louisville
Via Cincinnati
Via other routes
Shipped to mills, not inolnded above..
Total gross overland
528,135
278,954
109,752
211,366
187,223
116,103
10,382
422,791
304,258
12,253
100,153
170,645
149.159
120,472
12,430
1,460,180 1,441,920 1,292,167
Upland
350 442
74,928
5,297
23,369
42,135
1,666
9,236
2,570
49,815
New Orleans,
Inland and local mills...
Mobile, Inland and local mills
Savannab, inland and loo<il mills
Cbarlestnn, inland and local mills
N. Carol'a perls, inland ami local mills.
VlrKinla ports. Inland and local mills..
278,601
52,507
321,642
45,377
49.8S0
28,792
1,094
8,508
46,916
46,757
19,550
2,566
7,482
2,486
51,237
3,851
TotAl to be deducted..
559,458
470,218
497,097
Leaving to tal net overland*..
900,722
971,702
795,070
'"'*' 'nc'u'les shipments to Canada by rail, whioli diirlni,'
1888-89 amoiuitv<l to 52.011, and are deduoted in the statement of
S=?,?."Sy""" • '" 18S7-88 these shipments were 54,016 bales and in
1886-87 were 46,947 hales.
,<.*oI^'5
According to the above, the
overland this year
was 1,460,180 bales, against 1,441,930 bales last year and
1,292,167 bales the previous year, and the movement direct
to
manufacturers this year reaches 900,723 bales, against 971,70-3
bales a year ago and 79.5,070 bales in 1*6-7. This
shows an
increase over last year of 18,260 bales in the gross
movement,
and a decrease of 70,080 bales in the net movement. We now
give the details of the entire crop for two years:
total carried
1888-89.
1,489,497
338,699
'
fort-ign port*
Toco.-wtwlDo ports
To
Northi-ni
by river and
Manufactured*
Burnt
iHirta.
rail*
,
4c.,
12615
'
5,863-1,857,417
.-
Received from .Mobile
Received from norida.io
Received from Oalveston
and other Texa» ports
Stock beginning of year..
•
339,824
132,818
200
820
7,166
60—
982,810
6,147
2,484
1,374
3,985
6,818
15.564
575
21,883
Total p roduct of year
950,894
960,927
•Coastwise shipments include 627 bales shipped to the Interior
which, with the amount taken for consumption, is deducted In overland,
t These are only the receipts at Sarannali by water from the Florida
outports, and, b<lng counted in the Florida receipts, are deducted here.
Besides these amounts, there have also been 17,413 bales Upland
and 20,102 bales Sea Island, from the interior of Florida, received at
Savannah during the year by rail.
Sealsland
19,370—1,930,771.
South CaroHna.
Exported from Charleston:
To foreign poj-ts- Upland 252^85
To foreign ports— Sea Is'd
affiid
To coastwise portsUpland*
157,691
Sealsland
2,828
Exp'd from Port Royal and
1,697,376
In overland we have deducted these two items.
281,755
5,866
161,030
1,657
Beaufort:
Upland
Sealsland
Export'd from Georget'n, Ac
Burnt at Charleston, &o
Stock at close of year-
Upland
11,087
2,200
2,056
13,43t
1,648
1,688
130
1,606
200
—
Sealsland
Deduct
Rec'd from Savannah-
Upland
433,516
87— 468,98a
31,284
24,975
1,606
1,891
Sealsland
Received from Florida-
Upland
Sealsland
31
Stock beginning of year-
87—
32,977
266—
27,163
Total product of year
400,539
441,825
* Included in this item are 9,236 bales,
the amounts taken by local
mills and shipped to interior, all of wldch is deducted In overland.
ro foreign port*
To coastwise ports*
Taken
Burnt
for
consumption
Stock at close ot year
Deduct
Stock beginning of year..
2,810
160,041
—
Exp'd from Wilmingt'n.&c:
130,243
7,8.53
19,-ij70—
44,404
32,478
Nortb Carolina.
40,073
9,817
10 754
ut close of year. ...
Dethicl
Total prodnot of year
-1887-88.1,522,687
'
8IO(-I{
1,386
479,209
22,647
7,166
6 0—
Upland
Sealsland
Loulalana.
Exported from K. Orleans:
.-
394,440
Stock beginning of year-
Deduct thipmen Is Overland to New York, Boston, &c...
Betireen interior towns
Oalveston, inland and local mills
To
first
Georela.
With
Via
it
Exported from Savann.ali
To foreign ports— Upland 320,343
To foreign ports— Sea Is'd
3,536
To coustwi.se poi-ts
Upland'
471,833
Sea Island
25,740
Exported fr'm Bi-unswlck:
To foreign ports
84,970
To coastwise ports
45,347
Burnt
4.032
Manufactured
1,039
Stock at close of year
Upland
8,944
Sea Island
669— 966,458
Deduct :
Receiv'd from Charleston,
Brunswick, &c
1,592
Received from Florida
Upland!
1,644
Sea Island t
2,194
Received at Brunswick
from Florida, Ac
2,908
17,343- 150,396
1,780,375
100,747
115,474
121,903
107,671
1,347
1,906
1,0'21
193
114— 217,549
380— 233,207
380—
655—
380
655
232,553
217,109
total product o& year
* Of these shipments 1,549 bales went inland by rail from Wilmington
deducted
in
and with local eou.sumptlon are
overland.
:
.
,
September
THE CHRONICLR
14, 1889.J
VlrKlnla.
1888-89.-
Exporter! from Norfolk—
To foniLrii ports
To
t;0ii8t\vi«e
Exp'il
262,874
241,097
ports'
mauufacture
Tiiki-u for
Burnt
1837-88.235.622
Stock at end of year, Norfolk and Petersburg
Newport News. &o
6,761
1,663
59,911
66,704
163—
828—
80,663
65,498
976,314
974,469
.
Includes 37,037 hales shipped to the interior, which, with 12,778
bales taken for maniifaeture, are deducted in overland.
Note.— Tlie cotton cx-atcamers City of Albany and Sultan Is not inffluded in Norfolk Hgiires. The cotton from former vefcsjl (020 biilcs
was re-9hipped to Liverpool and 261 bales ex Sultan were forwarded to
Bremen via Baltimore, and are deducted from Baltimore exports.
*
Tennessee,
From Nashville
From other places
In Tennessee. Miss., Tex, &c. .
.
in Memphis and
ville at end of year
Stock
—
the tools while quickening production so remarkably, have been also the creators and disseminators of
ideas, of wealth, and consequently of new desires to be gratified, causing a fresh invasion upon the world's granaries and
One might as well make the increase of population
factories.
a measure of difference between the travel of to-day and the
travel during the stage-coach time, as to make it a measure of
tlie developing capacity of the world for food and for clothing.
These ideas find a clear demonstration in the department of
cotton manufacture. We referred to this feature last year,
but it is well worth referring to again, especially as the last
twelve months add greater emphasis to the comparison which
chinery,
6,303
13,825
Shipments—
From Memphis
no change, no growth, except aa a new mouth
number of those to te fed and a new back
to be clothed, a problem not infrequently solved by making a
greater number of units of the old supplies. But nowhere
and in no department is that a test which can bo made of any
The forces that have been brought into play
.service now.
the canals, the railroads, the telegraphs, the cables, the ma-
&.c.
706.404
68,113
635,180
57,409
904,735
847,015
Nash-
3,605-1,543,203
1,080—1,680,332
to the
—
163-1,041,812
42—1,055,132
Stock be^'iuulu^' of year..
Total product of year
three-quarters of the inhabitable gloix) men were little more
than the slaves of Iftieir rulers. Year after year they plodded on
in the same old routine, communications ditticult, intercourse
was added
Deduct
KeceiviHlfromWUinlnjrt'n
Received
from
other
North Carolina ports...
Eeoeived at Norfolk from
323
scanty, with
232,139
290,224
13,422
281.180
255. 8 J8
12,775
1,263
Tolorelfc-ii ports
.
263,099
from West Point, Ac.
To coastwise porta*
—
)
the figures present. European spindles in 1873-73 consumed
only 5,116,000 bales of cotton of 400 lbs. each in 1888-89, six;
Deduct
Shipped from Memphis to
New
Orleans,
&c
156,010
148,152
232,661
133,560
16,892
6,550
900,722
971,702
teen years later, they consumed 7,8S6,000 bales of same
weights that is to say, while population was increasing less
than sixteen per cent, the consumption of European spindles
increased nearly 55 per cent. Or, to bring the illustration
Shipped from Memphis to
Norfolk.
&c
;
Shipped from Nashville to
Norfolk,
&c
Shipped direct to manufacturers
Stock at Memphis and
Nashville at beginning
of year
3,605-1,329,890
4,638—1,264,608
Y„ &c.
350,442
278,601
900,722
971,702
1,251,164
1,250,303
within more recent dates, take the last five years, and confining the comparison again to Europe, we have a total consumption in 1884-85 of 6,688,000 bales, against a consumption
in 1888-89 of 7,886,000 bales,
Total shlprfts toN.
Add shipments to manufaoturerj direct
Total marketed by rail from
Tennessee,
AC
*
Except 182,445 bales deducted in overland, having been previously
counted.
Total product detailed above by States for tbe year ending
September 1, 1839
Cou.«umed in the South, not Included
4^6,603
Total crop In the United States for the year ending Sept.
1889
bales. 6,935,082
Below we give the
Tears.
1888-89
Biles.
..
0,935.082
7,017,707
6,513,623
6.550.215
5,609.021
5.714,052
6,992,231
5,435,345
6,589,329
5,757,397
5,073.531
4.811,265
..
4,13:..423
..
4,009,288
3,832,991
4,170.388
..
.
1887-88.,
1386-87
1835-80
1,
..
..
.
..
,
1884-85.,
1883-84.,
1882-83.,
1831-82
1880-81
1379 80.,
.
..
..
..
,
..
,
..
1373-79,
1877-78.,
1876-77.,
1875-70.
1874-75
1873-74.
..
..
..
•
total crop
Tears.
each year since 1S33:
Bales.
1872-73.... 3,930,508
1871-72
2,974,351
1870-71
4,352,317
1809-70
3,151.946
1368-69
2,439,039
1367-68
2,493,395
1866-67.
2,059,271
136.5-66.
2,228,987
1861-65. ..No record.
1360-61 .. 3,320,036
1859-60 . .. 4,323,770
1853-59.. .. 3,994,481
1857-58 . .. 3,233,902
1356-57..
3,050,519
18 5-56..
3,0 15,345
1854-55..
2,932,339
Teart.
Bales.
1353-51.... 3,035.027
1352-53 ... 3,352,882
1851-52.... 3,090,029
1350-51 ... 2,415,257
1849-50
2,171,700
1813 19 .. 2,803,590
1S47-48... 2,424,113
1310-17. 1.860,479
1315-16... 2,170,537
1314-15 .. 2,481,602
1843-44 .. 2.108,579
1842-43 .. 2,391.203
1311-42... 1,0S3,(;75
1340-41... l,039,:i.">3
1839-40... 2,131,749
1838-39... 1,363,403
Consniiiption.
Europe. —We
expressed the opinion last September that
the season then closing was likely long to remain conspicuous
for the results obtained in the cotton goods trade of Europe.
It not only out-ranked all previous years for large production,
but it obtained distinction for the profitable margin which existed between yarn and the raw material and for the notable
regularity of the market through the entire twelve months
Since, in the matter of consumption of cotton it was the
third year in the new cycle of expansion by the mills both of
Great Britain and the Continent, and since tlie total consumption had in that time been increased about 13 per cent, the last
year showing the best of all, it seemed as if there must have
been in the twelve months we were reviewing an accumulation of goods in some of the larger markets of the world and
that a reaction in production was due and to be expected. In
that judgment we appear to have been too apprehensive, for
during the season now closing, European spindles, instead of
requiring less cotton have added another quarter of a million
bales to their consumption.
Truly it is surprising how the world is waking up in the matter of tlie use of the comforts
was a
and the luxuries
of
life.
There
was a period
could approximately measure growth in the consumption of the products of the l<x)m and of the soil by
growth in the world's population. Then, to the bulk of mankind, a new indulgence was as rare as a new thought over
period, long past to be sure, but there
when one
;
1,198,000 bales, or
by these comparisons been adding to its spindles
has increased its own consumption of cotton from
100,000 in 1873-73 to about 8.50,000 bales in 1888-89.
In this development Great Britain and the Continent have
been sharing relatively in very differing proportions from
year to year. The striking fact is brought out by this season's results that the Continent in its aggregate consumption
has at length passed Great Britain's. That is a noteworthy
circumstance. If we go back to the year succeeding the close
of our war (1866-67) we find Gre it Britain consuming 2,560,000
Or
bales of cotton and the Continent only 1,703,000 bales.
perhaps a better starting point is 1873-73, when the disturbing
influence of that war on the supply and therefore upon the
consumption of cotton had passed away for that season
Great Britain's aggregate was 3,084,000 bales and the Continent's 3,032,000 bales. The proportions are not very different
whether we take the earlier or the later date, being in each
case about three-fifths of the total for the former and twofifths for the latter.
It is remarkable, however, that during
the following six years Great Britain made no progress whatever in this industry for the six-year period ending with
1877-78 its consumption began (1873-73) with 3,084,000 bales,
ended (1877-78) with 3,038,000 bales, and averaged only 3,116,000 bales, while for the year following (1878-79) it dropped to
In the meantime the Continent had been
3,843,000 bales.
progressing, and for the latter season (1878-79) its total reached
3,596,000 bales or within about 9 per cent of Great Britain's
total.
From that date, however, the development has been
mutual, the Continent gaining a little on its rival year by
year with slight temporary set-backs, until witliin the last
val covered
until
bales. 6,448,479
an increase of
say 18 per cent, against less than 5 per cent increase in popuFurthermore, even the foregoing figures do not prelation.
sent the whole truth, since India, which f u-merly depended
wholly upon Great Britain for cotton goods, has in the interit
;
;
years, during which the two totals have run quite
nearly alike, the last year (1888-89), however, bringing the
.aggregate for each very close up to 4 million bales, with the
tliree
Continent about 70,000 bales the larger.
Ic would be an interesting study to trace the influences
which have been instrurnantal in producing these varying
changes and results. One might gain as much instruction in
noting the checks to progress oa the part of each as in folshall
lowing the more constant growtli of other years.
not attempt any such imiuiry here, as our space will not permit. One feature needs to be mentioned, however, because it
We
falls within the line of the cui-rcnt season's development and
refer
therefore has a bearing on the pre.sent and future.
to the command which Ea.,'land for a time in some degree
foreign requirements for cot1 jst, but has now regained over
We
.
I
6
.
IHE CHROXK^E.
824
consumption
ton goods. It is mt an increased Continental
spimlles
England's
to
ojcapation
inTetsed
tiiat is gWifxg t'je
exiiaasion of Engprotective taiilfs have put a check to the
would almost seem as if
land's trade in t'.wt direction. But it
expansion was in
the circumstance which had checked that
Co1tinent.^l rivalry from
out
shutting
msasure
increasing
an
is true, that
the outside markets of the world. At least this
Great
during the last cycle of activity (that is since 1884-85)
conspicuous
been
so
has
which
activity,
Britain's p.irt in that
to
a feature. Ins been wholly due to an increased
countries alike,
tljose foreign states open to all commercial
except as nations may by legislation set baniei-s themselves.
With respp-ct to the present volume of Great Britain's exreaders
port movement and its volume during late years, our
have been kept informed from month to month by tlie table
published in our Cotton Report. The outflow during recent
months has no doubt teen in some measure interfered with
and perhajM held in check by the higher prices for the raw
material and the threatened deficient supply. But however
that may te. the figures as they stand sufficiently represent
the wonderful proportions to which the trade has been developed, showing, too, if we were to go back to earlier periods,
the entire recovery by Great Britain of her old supremacy.
The totals in pounds for each quarter of the last three seasons (the yards of cloth teiftg reduced to pounds to perfect
the comparison) are as below, three
each case.
18*5-0.
Kv])'ts in lbs. ,000s omtH'd.
255,497
1st quarter, Oct. -Dec
2d quarter, Jan.-March.. 284,278
284,901
3d quarter, April-Juue.
4th quarter, July-Sept... 292,164
.
Total for the season.
..
.1,116,&40
ciphers being omitted in
1886-7.
1887-8.
1888-9.
292,139
305,208
260,796
387.253
306,072
309,736
308,488
299,457
283,883 288,629
304,227 *304,227
1,14.5,4.56
1,197,303 1,202,416
'Estimated siine iw last year.
1887-88.
T8S8-S9.
;
movement
[Vol. XLIX.
/Jeni-cr in 1883-9.
"8
•a
«
«>
-
^
3
s
Ziiverpool.
Si
d.
Average—
CO
7i!,> G
7il„, U
8ie
8»8
6»b!
I
Dec.3l....
Jan. 31....
Feb. 28....
Averai/e—
818
1
a.
t
^1
d.
<;.
n„
''iG
4U
Si"43
'.«
»16
414
234
"48
3^4
38
>1A
•4
558
7l.-<,8
i
538
735^gl6
2%
5^
5=8
81,8 ,8
818
6
8li8 8
fi%
5 Hi
4>«
5=8
81,2
538
778
!•»
7'(.
.6
538
731a2 G
W
538
7293.,,
3^1 "24
5>s
SH
511,0
Title's
7i4,6;6
S'lB 6
ZH\ "h
iH\ '»>4
5^1
747436
334
7'4
fi
n
-J",
3!\.
81g
tJ
.
8It« 6
H
8'.i
818
6
Mar.— Hay
8^48
June
8ie
8>8
30...
July 31...!
August 31.
—
6=8
|
Jatie.—Aug\
*
»'l
'id
•'8
'16
•ll8
5"i:j
'«8
»12
8i«
3>«
»l«
l'l«
»!«
334
3a
".iS
4k
1^
3398
3'4
'
DtC.—Feb J5I9
Mch. 31 ...i
6I16
API 11 30...
May3l....l 6
Average-
Average
-'
c:-
2141
'
Sept.—.fov.
s
d.
8>6
5'l6
.
^1 tH
d.
rf.
e
Sept. SO...
Oct 31. ...I
Niiv. 30...
5o
U
I
714
7^
6
j6
le
|6
5^.
5»3
8^8 G 7
83,8
24
6
5*i((
i%
»in
15,2
3„
s„
2
^4
2%
Hi
2'4
1721
2
Cheaper.
The last tlrree columns of the above afford a rough guide to
the relative situation of the market with reference to the previous year. To road correctly the nature of the results indicated, it is t ? be borne in mind that 1887-88 was a prosperous
season throughout, but e.specially during the last half of it.
In case of the current year, the first six mouths were tetter
than the subsequent months, but alnio.st wholly on account of
the situation of the raw material already referred to. Early
in July a statement was published in the Oldham Chronicle of
the dividends of 91 mills in that district, which were said to
be satisfactory and better than anticipated. So far as we
have been able to compare the distributions, the rates paid
seem to average better than a year ago. A wider view of the
relation between cotton and goods may be had in the follow-
shown over last year is small, but last ing comparison. It gives the average for each quarter bewas the largest on record and a very decided in- tween the present season 1888-89) and both 1887-88 and 1886-87:
(
crease over the two previous years. Comparing 1885-86, when
Tlie increase here
year's total
the exports were 1,116,8-10,000 lbs., with the latest year's total
(1888-89), which was, as we have seen, 1,202,461,000 lbs., the
measure of the improvement which has taken place and the
secret of England's active trade are
possibly the
coming season
record, for, at the
moment
Djarer in 188^-89 than in
Dearer in 1888-89 than in
18i6-87.
1B87-88.
Liverpool.
Vpl.
Collan.
',Ud.
3 2- Cop SAirtV*
Twie: per piece
md.
upi.
Cotton.
32-Cop
Ticist.
8hiri'g$
jfcrpieee
more clearly disclosed. Very
will not leave as satisfactory
there are evidences of a
a
little gi-eater
Aver. Price.
Scpt.-Nciv...
Doi'.-Feh ...
Marcli-May
d.
d.
d.
d.
d.
3\
»J48
2 'is
^21
l»ia
3M
i
-
d.
5
31,
3h
214
accumulation of stocks in some markets than there was a Juue-Aug ..
*1C.
3'l2
17jt
• Cheaper.
year ago. The short-time movement during the latter part of
summer among the spinners of Great Britain is due, however,
This of course is intended only as a very inexact indication
chiefly not to an over-supply of goods, but to a short supply of of the relative situation of the market. To underetaud its
cotton between crops, it not being feasible (with a large new teaching requires famibarity with the changes from year to
crop of cotton almost in sight) for the spinner to secure in the year. Thus by reference to our remarks on the previous
markets of the world an equivalent for the advance in the table it will be seen that in the first quarter of 1887-83 and in
price of the raw material, which continued full consumption the second quarter also (only in less degi-ee) the average for
during this temporary short supply has already, and would be yarn was comparatively low, and hence the comparison the
likely further to have, induced.
foregoing ijresents between those two quarters and the same
After what has teen said, it is unnecessary to review at any six months of 1888-89 is now unusually good whereas during
length the condition and profltableness of European markets the last s'ix months of each of those seasons the relative situaduring the past year. With the consumption of cotton large tion of the years is precisely the reverse. As a consequence,
at the start, and with the weekly rate of consumption several the narrower margin given for the last six months does not
times marked up during the season by Mr. Ellison, the rela- mean a lack of profit, but indicates simply how the poorest
tive prices of goods and of the raw material could hardly to part of this year compares with the best part of last year.
other than 8atisfact«>ry. To be sure, as indicated above, the Another fact to be remembered is that in a' dragging market
summer trade has been interfered with by the growing quotations are often merely nominal, being shaded to induce
scarcity and higher prices of cotton. Tliere has been, too, transactions: whereas during an active season, like the greater
sime complaint at Manchester that the deliveries of goods portion of that now closing, market rates are much more
have not during July and August equaled the out-turn of the nearly the selling rates. These facts are familiar to most of
mills.
Still. Great Britain's large export figures, as indicated
our readers.
by the latest returns, with the homo trade in pretty nearly all
Such have been in brief the conditions which have condejKirtments reported active, are facts which do not favor the trolled the cotton goods trade of Europe the past year. The
idea of any troublesome accumulation of stocks in spinners' outlook for a larger consumption of cotton the coming season
hands: and as to the export markets being largely over-sup- is good. Continental ctpsumption (if jxiace is preserved, of
plied, the nature of tlie business through the year
does not which there is no present doubt) covers so many States which
favor that view, both spinners and manufacturers having
been are pushing home production that it hardly seems possible
generally under contract with a better margin between
prices for the almost uninterrupted progress since our war closed to
and the raw material than has existed for a long time. There receive a set-back. Reaction in one country has heretofore
has consequently been little opportunity for goods to
accumu- teen BO attended with development in others that a law of
late, no need for any unnatural pushing of
trade and making increasing averages appears to be the result. The aggregate
•• slaughter
markets" to take off a suqilus. Moreover the price has kept on tlie up grade now for twenty-three years, with
improvement has Ix-en progres.si ve, continued now substantially but three very slight checks, the addition duruig those years
through four beasons. The relationship of the present
season reaching 133 per cent. In Great Britain the gi-owth in the
to the previous one miy be followed with
considerable accu- home use of cotton goods is now healthy, but is never rapid,
racy by means of the statem.'nt b3low of
differencess in so that the development of England's spinning power keeps,
prices at Li\rerpool for two years.
pace in the main with the growth in the capacity of foreiga
:
;
I
SiCPTEMBER
THE CHRONICLK
14, 1880.]
We
liave seen how
countries to consume its manufactures.
active that demand has been of late years, and at present there
appears to be no good reason to anticipate that it will not
now add our usual
further develop in the coming season.
To
•
Illustrate the precedliig take the laat Reason, 1888-80,
results
would bo as fullows
.¥itpi)f|/— VLsible
consumption and supply of cotton tliroughout the
world. These figures ai'e not the takings of the mills, but the
actual consumption, and are in all cases expressed in bales of
400
and
T.itiil
1,640,000
10,47 H.OOO
HUppIy-lialcDof 400lba
12,119,000
10,971,000
130,000—10,691.000
I,«avln(r visible stock
902,000
;2S,aoO
Le^vInK Invisible stock
Total vislbloand Invisible stacks at end of vear
The
Eunpt.
United
that
.States.
Total
Consumption.
Great
Sitles 401) Iht.
1868-07
1887-63
186S-89
1869-70
1870-71
1871-73
Totia
Oonttnent.
Brltahi.
North.
Europe
2,5«0.000jl,T03,00O 4.2«3.000|
748,000[
2,8(10,00fl l,7.'i0,0O0'4.IK19,0<)0j
S'JJ.UOOJ
.[2.4{'.j,000 !,-101,O0o:i.();«.0Oili
obs.ouo
.:2,803.000 1.S84.000 4,347.nO0|
U13.000
.12,805.000 l.O'lB.OOn 4,711,000 1,I10U.OOO|
'
Worm.
South,
3.015.000 3,057.000 5,07!i,000 1,108,000;
V.S.
lOO.OOO' l,l09,00ol 5,880,000
132,000
1, 240.000
!
6.312,000
i
1873-73...
(3,084.000 2.a'!2,00n 5,116,000 1,157,000:
152.000 1,309.000 6.425,000
1873-71.,..
.[3,128,000 2,084,000 ,5,192.0001 1,20»,000[
14l,OCOll,440,000J6,633,0O0
|3,083,000 2,240,000 5,328,000 1,160,000
.i3,!«8.000'2,3TS.OOO 5,5fll,000il,418,0a0|
159.000 1,328,000 6,056.000
1:9.000 1,503,000, 7,083,000
1«1,000 1,579,000 7,140,000
:S,038,000'2,509,000 5,547,00o' I,53-<,000
167,000 1,725,000!7,273,0(K)
1874-75
1875-76
1876-77
,
13,178.000 2.403.000 5.579.000 1,344,000
1877-7S...
.
,
1878-79...
.
1879-SO...,
.
.
1881-82
1882-33
1883-Sl
3.Mn,000,3.198.000 0,838.000 1,931,000
169.000
202.000
234.000
266,000
'3,744,000.8,:«0,000 7,124,000,1,993,000
.382,000 2,375.000 9,490.000
'3,688,000'3,3SO.OOO 7.040.000 1,805.000
379,000 2,244.0009.290.000
3,843,000,3,596,000 5,439,000 1.61.5,000:
3.300,000 2.750.000 6,100.000' 1,779,0001
3,573,000 2,956,000 6,538,000' 1.S84,000
l,784,00Oi7,233,0OO
1,981 ,000 S.OS 1 ,000
i
2,118,00018,848,000
2.197,000 9,035.000
Aver.Oycars.. 3.409.000 3.043.000 6.512.000 1.815.000 2!2,000 2,117,000 8,629.000
Per centOyrs.S 2S-9 Inc. 30-3 Inc. 29-5 Inc. 15-5 Inc. I,1^3 In. 258 Inc. 28-6 Inc
1834-.S3
3,133.000 3.255,000 6,688.000 1,603.000
1885-88
1886-87
.,3.828,000 3,405,000!7,098.000 1.S90.000
1
1
3,194.000 3,040,001
1887-«SJ
188S-89}
7,334.000 1.972.000
3.841, O0O|3,77O.Oini' 7.011, 00
.
.
'
2.030.000
>3.908.00ol3.»78.000 7.886.000 2.130.000
301.000 1,909.000 8,597,000
388,000 2.278,000 9,371,000
451,010 2,423,00.) 9.737,000
.000.000 2,530.000 1014 "00
555,000 2,085,0001 10571000
This line gives the increased perccuta.!;e in the consumption of 187172 compared T itli tUe consumption of 1866-67.
t Tliis line gives the incie.iscd percentage in the consumption of 187778 compared with tlie consumption of 1872-73.
; Tills line gives the increased percentage in the coDsumptisnof 1883
84 comp.ired with the consumption of 1678-79.
§The figures for Eui'opean Consumption for 1887-88 will probably be
changed slightly by Mr. Ellison when he makes up his October annual.
The totals we give for that year are the totals as they appeared in his
last October circular. The above for 1888-89 will also flitter somewhat
from the final results, as our total includes an estimate for September.
All of the flsiu'es are, however, substantiall.v correct.
another general table also which we have compiled
needed in connection with the foregoing, to give
one a coraprehen.sive idea of the extent and expansion of this"
industry. It discloses Europe and America's cotton supply,
and the sources of it. The si^ecial points we have sought to
illustrate by the statement are, first, the relative contribution
to the world's raw material by the United States and by other
sources, and second to follow its distribution.
is
of late years,
WORLD'S SUrrLY AND DtSTRIISDTION OF COTTOy.
ViMhh
and
XnvlsMi
befftn'n-j
of year.
Balance nf yearns supply.
Crops.
United
States.
£^uppt]/
»/ Oth:r\
Total
Total
Crop.
Actual
Consumpt'n.
The foregoing
of Year.
Burnt,
Visible.
Count r^s\
InviJiibie.
1868-69. 1.338,000'z,652.000;2.584,000 5,216.000|4.n79,000' 1,200.000
lS6»-70.'l,520.0O0l3,43l,000'2.l 1.3.000; 5.n44.000'5,259.00oll..350.000;
1870-71. 1.723.000 4.73.3.000 2.(i25.0oO 0.75S.0OO 3,820,000 1,096,000
1871-72. 2,578,0
3,241.0O0,3.0:W.000| 0.277.000 8,312.00o' 1,785.000
1
3,167,000i«,337,000
260,000
373,000
882,000
808,000
S.Bat.OOO 3,419,000'
53.000
48.000
55.000
80.000
85.000
90.000
58,000
1872-73. 3.453,000 1.283.000 2,08.3.000; 6.366,000,6.425,000 l,,591.000
1873-74. '2.320.000 4.507.00(1 2,320,0n0' 8,917,000 0.8:!2,000 1 ,«,S2,000
729,000
843,000
1S74-75.'2.523.0(X) 4.21().0'>il3.;i(i<).000' 0.62.5,000 6,056,000 1,GI9,(K)0, 705,000
1875-7(1, 2,.324.00f) 5.171.000 2,018,000: 7,189,000,7,082,000, 1,732.000 814,000
1878-77. 2.»18.0ffli 4,9,33.000' 1.897.000! 6,830,000 7,140,000' 1.318,00(l' 643,000
1877-78.11.961,000 5.435.000^1.506.000, 6,931.00017,272,000; ].214,000 326,000
74.00(1
Avfir'ge
77,000
4.771,000 2,022.000
6,793,000 6.888,0001
80.000
70.000
85.0'JO
75,00(1
80.000
1
l''73-7t». l,510,00fl 3,fi37,»00 I,39S.0(XI
7,035.000 7,223.0001.068.000
1879-80. 1.267,n00 •J.350.0'X) 1.894.000
18S0-81, 1,548,000 7,519,000 1,«37,000
18.S1 -83. '2,168,000 «.0;3.000 2.510,000,
1882-83. 1.616,000 S,u5H,OO0'2,35O.O00j
8.4.50.000 8.081 .000 1,499.000
49.000
0.3.5ll,0flo'8,046,000 1,923,000
248,00i:
S,.583.(KW 9.03">.000 1.362,000
10,408,000 0.4119.000 1.701,000
1833-*».;8,4O5,0OO 8,485.000 2,43l,000[ «.919.000|0.21W,000 1,505.000
Arer'ge
199,000
D
r.4fl0.fjOO 2.100,0(10
0.58 ',000 9.37l.000jl.210,000l
7.)50,000 2.178,001 9,92S,00o'».737.(X)0 1.248,000;
1887-SS. 1.8ll,ooo> •<.01O.00o'2.1OJ.00'l0 10OOO0 lOHlOOol 98.5.000'
1 8'^-8». 1.610.(K'0 ''.07»0'0 2.400.0(0 10.179 00(1 105710001 902.00("
l.80{i.(XI0
85.000
88,000
90.000
351.000 100.000
701.000 120,000
434,000 95.000
96,000
6.721,000;3,071,000| 8.702,000 8,620,000
KS4-85. l,9S9.00ol fl.420.000 2.007,000 8 427.000,8,597,0001,230,000
18.H.>-86. 1.879,0
table
is
pscuUarly instructive.
First
it
dis-
raw material
Second, it tells us that the world's
visible supply of cotton has been again reduced this year
th;it is to say, notwithstanding our two large crops in succession the world has used them all up and more too. By including India, the actual world's consumption for a series of years f
viould appear as follows:
earlier years of the trade
it
as a producer of the
has more than retained.
WorUl'e
Coiisumplion.
arecU
Britain.
1878-79
1S79-S0
1S80-81
18*1-82
1S82-33
1«83-81
1834-85
TXniled
Oontincnt
States.
Tndia.
2,813,000 2,596,000
,784,001
.3,350,00o!2,730,000
3,.572,000'2,956.000
3,841,00(113.770,000
931,00
118,000
.197,000
375,000
244,0>0
909,000
278,000
423,000
2, 530.000
262.230
301,480
371,400
389,600
3,908,00013,978,000
2, ,635,000
3,640,00013,198,000
3,74t,000 3,3-0,000
3,666,000 j.),3- 0,000
.
3,433,000:3,25.1,000
3,628,0003, 105.000
3,694,000 3,610,000
18.35-86
18S6-87
1S87-S8
1S83-89
..
Total.
7,135,230
8,382.480
9,017,100
9,424,600
447,400' 9.946,400
5'20,700 9,810,700
.=^84,800 9,181,800
630,30,1 10,001,300
711,800 10,468,300
771,670; 10.912,070
'850,000 11,421,000
*
Estimated.
XoTR.— The above does not include American cotton consumed in
C.mada, in Mexico, and burnt.
United States.—with regard
to the cotton goods indusUnited .States the year ending with September 1
taken as a whole has been unquestionably proaperous. And yet
that statement is not of universal application, and especially
during the closing three months. The fact is that the margin
for profit in nearly every make of goods has all along been a
very narrow one. Slight changes in labor, or in cotton, or in
the demand for the manufactured article, uses it up. Some
mill managers say that the dividend even the past twelve
months has only been kept up on larger production, and therefore smaller margin.
It need cause no surprise, then, that,
under the higher prices for the raw material and the slackened
inquiry for goods in the summer months, a feeling of disappointment has pervaded spinning circles, and finds now in the
returns made to us quite a wide expression. This, however,
we are persuaded is temporary. The change as the season
closes in tone and condition, wherever it has occurred, is
chargeable in almost all instances to the circumstance that the
values of goods have not followed the rise in the price of the
raw material on the contrary, while cotton has been
advancing tlie manufactured arti'jle has in some cases even
weakened under a slackened demand, for buyers always
minimize their purchases of goods when the circumstances
surrounding the raw material are like those recently existing.
Contrast this state of the goods market with the situation of
the average manufacturer the first nine months of the current
soiuson.
It is several years since the mills as a whole have
secured for any corresponding nine months better, or even as
good, re.sults. That those favorable suiToundings, which are
a little less general, have been interrupted by a merely transient cause, we have evidence as we think in the large number
and the confidence of buyers which have appeared in the New
York market during the greater portion of August they
appear in response to a quickened demand among consumers,
and as an earnest of what is to be expected the coming season.
We ought perhaps not to pass without mention the mill failures that have occurred in the Northern States within a few
weeks, for they suggest weakness instead of sti-ength, and
have, coujiled with close money later, disturbed the commerti;d paper market so that paper for a time tecame almost untry in the
;
End
18fS8-87.'3.349,00f)2,2>in.000 2.178,0001 4,408.0(10 5.033,000' 1,400,000 219,000
1887-68. 1.819.000 3,718,000 2.107.000. 4.825.000 5,058.000 1.2S0.(X)o', 58,000
AverVe
eoluum covers cotton exported to Mexico, Oaiuul* and other
covered by the figures of consumption, Bud cotton burnt
the United States, on the sea, and In Europe.
Tills
1
'
*
There
1.42m.iX)0
closes that the controlling position this country held in tlje
Aver. 6 ye&rs. 3.110,000 2,i!71,000 5,387,000 1,821,0001 157,000 1,4S1,000|8,88M,000
Per cent 6 yrs.t. 1-5 Dec.|23-5Inc. 84 Inc. 34-7 Inc. 9-9XI10. 31-8 Inc. 13-S Inc.
18.90-81...
it
.
modo
of statin? the supp'y nn(l distrlbutiou la
furnishes a complete check to estimates of oonsuuiption.
U85f ulncsa of th's
coimti'ics not
1
I
!
t
in
76,000 828,0005,085,000
66,000
050,000 5,0.58,01 10
88.000 1,053,000 4.H7l'.000
09,000 l,012,0OO|5.8.50.l)00
Aver. 8 years. 2.640.O00 1,740,000 4.n8(5.lX)0' 0J9,00O|
94,000 1,033.00015,419,000
Per cent 6 yrs.*. 17-8 Inc. 20-s Inc. 190 Inc.ltS'S Inc.i' r8-3 Inc.[50-9Inc. 241 Inc.
18.86-87,
invisible .stocic bOKlnnlng of year
DMrttU(ion-T. .Ul con9«mptt'n
Burnt, Ac, during year
lbs.
and the
:
Total crop* during year
We
tables of
3i?5
419.000
90.00.'i
690,001!
88.00(1
5'.'3,000
130.000
675.000 180,000
526.00 1(120,0(10
;
But these incidents are of no general significance,
the failures, so far as they include cotton mills, being special,
sjioradic ca.ses. Our cotton manufacturing industry as a whole
.salable.
is
in a perfectly
soimd condition,
all
Northern makes of goods
——
1
THE CHRONICLE.
826
[Vol.
XUX.
with much certainty, though at the moment
no surface appearance of disturbance; and, as already
said, the margin of profit is so very narrow that the state of
the trade does not encourage strikes. There has lieen but one
of prominence the past year, and that was the weavers' strike
at Fall River.
It was reported at the time to involve 6,000
men and the practical shut-down of the weavers' department
of fO mills. The men left work on March 11 and returned to
the work, without obtaining any concession, on Marcli 87. The
every section. That Ls a statement so frequently made iii
appreciated. matter at issue really dated back to 1884, when there was a
fall that its broader meaning this year may not be
The rwwier should recall the beginning of last season to realize general reduction in wages among both weavers and spinners
profitable),
being even at this <late fairly profitable (some very
cheviots,
except certain kinds of colored cottons (denims, ticks,
extremely
been
months
some
for
has
wliich
for
&c.), the ntarKin
bleached
narrow. Stocks, likewise, are in no case heavy, wliile
Furthershirtings, wide sheetinps and quilts are very scarce.
basis
more, the new season opens with a fresh and substantial
We refer to the assurance in many cases, anil
for confidence.
in
the promise in all, that crops this year are to be abundant
be stated
there
is
^
^
^
^
^
^
^
in full the better business outlook.
At that time,
as will be
^
of 20 per cent.
^
remembered, the Northwest and Southwest were suffering
under a sudden check to speculation, to radroad building, and
then came a very short wheat crop folto railroad prosperity
;
road industry
for repairs
year.
is
may
However
in better shape,
and more
then established ruled until Feb.
11,
was restored.
Again, Jan. 21 1888, there was a revised schedule of wages made
up by the mills which was claimed to be equivalent to an,
—
lowing a short com crop the previous year for a poor corn
crop does not produce its full results and perhaps not its worst
results until the following fall. This year, to be sure, neither
railroad building nor speculation have revived. But the rail-
Tlie rates
1887; at that date 10 per cent of the reduction
i
^
other 10 per cent advance, or a restoration to the old standard
ruling previous to 1884. Since then there has been no change,
and the contention of the weavers was that
they* did not
advance.
However that may be,
it was clear last March that the condition of the trade then
did not permit any addition to the expense accoimt. and it is
equally clear that it would be even less practicable to grant
any such increase now. What change future weeks may
make in the conditions affecting the question of higher wages
share
^
liberal expenditures
possibly follow the strict economies of the past
that may be, the check to construction and
in
the
1888
the set-back to speculation is a sore a year or more old now,
and consequently the season just closing must have experienced
Besides there was an excellent corn crop no one of course can tell. A little flurry among mill men at
its severest effects.
Fall River was produced by the action of the Bourne mill at
last year, and now there is not only another in prospect but
|
much larger production than then of wheat, oats, &c., with
the promise of an immense yield of cotton. If all these agricultural exi)ectalion3 are to be realized, as it seems reasonable
to anticipate they will be now, is there not a good assurance
of larger needs and a more active consumption of goods during
the next twelve months than has prevailed during the season
Tiverton (near Fall River) in adopting profit-sharing as a
principle of future management, beginning with July 1, 1889.
It was feared on the fii-st announcement of the coming change
that it might disturVi wages, but when the whole anangement
was disclosed the same managers concluded it would liave no
effect.
In .the South the cotton manufacturing industry presents a
now closing. It is this belief which is inducing buyers from so
many sections to appear in our markets and to stock up so freely. somewhat less favorable aspect, though the presumption is
Some manufacturers, however, express a not very hopeful that the fall trade will work a cure. Spindles have been in-
view as to future profits because of two special conditions
which the trade has to contend with the coming season.
These are the increased spinning power and the high price of
cotton probable during the opening months. Manufacturers
do not care whether prices for the raw material are high or
low, but they often suffer greatly from a declining raai'ket for
cotton when they are marketing their goods. And that is
what is feared now. .Spinners' stocks of cotton are probably
small the world over, so that the early
staple will be active,
and
demand
for the
—
unremunerative, it is claimed these goods are in overproduction, and have been for several months. The most conspicuous
instance is what are described as Southern '• plaids." known
by the trade before the war as " negro plaids on account of
their extensive use by both males and females ot tliat race.
So, also, the stocks of coarse yarn Southern sheetings are re
'"
new dundant and
this situation will be prolonged,
because the crop is a late one. If the yield was also short
high prices would be continued; but that is not the expectation at present, the promise being of a very large production
and consequently lower values as the sea,son advances.
This is
obviously
an unfavorable circumstance, and
coming
in
connection
with
the
larger
spinning
power and greater competition in the goods market, is looked upon, as stated by some, as pretty sure
to make at least the early part of the year unprofitable. There
would be no doubt of the correctness of this view if the season
opened with a promise of small grain crops, or with any sj)ecial disaster checking, or even restricting, the natural expansion
in the consumption of goods.
have suggested above reasons for anticipating enlarged requirements and increased
eagerness in the <lemand for manufactures on the part of the
farming interest. If we are right in what we have said, the
larger pro<luction by spinners ought to be easily met by an
increased capacity for consumption absorbing the larger product.
Furthermore, it shoidd not be overlooked that higher
prices for cotton not only enable the planter to buy more goods
in the early season, but gives this addition to consumption
at
just the time when, on the supposition made, the goods ii:arket
needs that sustaining impulse. The industries of the South
We
creasing very rapidly of late until certain products of Southern
mills have become slow of sale, and though prices are low
prices unsatisfactory.
The plaid
mills,
we
are
informed, organized an association a few months since and
agreed upon a scale of production and prices, but, as is so
often the case, the arrangement was speedily disregarded by
some of the signers so when a movement for short-time in
August was attempted, leading mills declined to enter into
any combination, and those who were short of cotton found
the struggle to keep in operation a severe one. The South
has made the mistake of pushing the work of building mills
equipped for making certain kinds of coarse goods too fast.
The result is, an important branch of the trade has been overdone. It is not to be assumed that the cotton-goods industry
That is very far from the
is proving profitless in that section.
truth. On the contrary, the balance sheets of the old mills
which have been published show very satisfactory results
prices of ttie goods mentioned are no doubt unremunerative,
but it is the poorly-managed new concerns with small capital
;
;
that are the chief sufferers.
This condition of overproduction
is the natural outgrowth
enormous profit which Southern mills have so long
enjoyed. The field offered too tempting a prize not to be_
temporarily overworked. We have continued this year the
of the
task of gathering full information with regard to the develop-
ofieration of Southern factories during the season
an annual census of the industry which we began tliree years
have develope<l rapidly of late, and that section has conse- ago. Within the past month not only have we procured from
quently become an important factor in the matter of the con- each mill returns as to the actual consumption of cotton in
sumption of goods. In fact, its increased and cotLstant tak- bales and pounds, but have also obtained full iletails of spinings have for the last two years been the conspicuous feature
dles added, working, and idle during the twelve months, as
in the trade, contributing materially in sustaining
the market. well as the development anticipated in the immediate future.
Finally, a Cfinsiderable portion of the increase in spindles
in
The returns have been wonderfully prompt and complete, so
the North is in the print cloth department, the most profitable that we can to-day give the actual condition in these particubranch of the cotton indu-stry besides, it is we believe a fact lars of almost every factory in the South and the additions in
that the Fall River additions have not been wound
up as progress. The conspicuous fact brought out is that there were
strictly print cloth mills, but so e(iuipi)ed as to
manufacture a during 1888^9 in operation in the South 1.344,576 spindle",
variety of goods as the calls of the market may demand.
again.st l,177,90f spindles last year and 561,300 spindles during
Wliether any disturbance in the conditions of manufacture
the census year of 1879-80. No wonder can be felt at an overwUl occur in coming months from new labor demands cannot supply of the chief products of these mills, with a growth in
;
ment and
1
:
September
14,
„
.
THE CHRONICLE.
18S9,]
one year of about 167,000 in the number of spindles, and those
spindles probably of the most approved pattern. The aggregates of our detailed returns, arranged in States, are as
327
be remembered that for the season ending Septemshowed an almost
constant advance, the start being at 3'25 cents per yard and
follows
the close at 4 cents per yard. Contrasting roughly the current
year's statement with that situation, we find that print cloths
Oonmmptlnn.
Number of
Avera^
A'o. of
in 1887-88 averaged 3-64 cents and cotton averaged 9?.^ cents,
Av'ragr
StaUa.
Mild.
No. Tarn.
Bala.
Pound*.
Si^naUi LoonM.
whereas in 1888-89 cloths averaged 3"89 cents and cotton 101^
A closer analysis affords about the same disparity, so
cents.
21,037
453>4
9.538,814
71,125
2,224
15
11
VIntlnIa
288,708
100,733
446
44.935,264
6,424
98
14«
No. CttroHna
that one has no difficulty in understanding what is meant
124,459
278,000
6,280
So. Carolina..
SB
14«
468H 66,882,016 wfien a manager states that the present year's
dividend lias
388,842
0,420
138,177
Georgia
IS
45SM 61,102,078
65
only been kept up to the previous year's standard on a larger
FluridH
46»«
1,9(2
80,947
U,384,:80 production of goods.
Alabama
17
87.988
U
We must not be understood to imply
454
Mississippi....
49,800
1,272
15,718
7,132,477
e
UH
tliat the profit during the last twelve months has not been
980
Louisiana
15
8,036
4»iH
3,735,558
a
80,000
9 4d8
083 238 very substantial.
18
The truth is it has and even during the
1,935
8
482M
482
Arkansas
42
638,800
1,165
4,500
6W
last two months no other class of goods has held a more favorTennessee
2,003
17,061,435
90,092
36,838
28
4655S
18H
able position in that respect. But as spindles running on these
480
Missouri
150
2,100
083,100
1
7,000
14
1-3
4,55),6U
Kentucky
4
880
10,868
462
30,787
8
goods have, as already said, been increasing for two years now
455-54 221, 867,007
T(,tals, 1888 89
260
486,608
1,344,576 31,435
;uid are increasing still, the manufacturer at the moment does
13W
Totals, 1887-88
235
443,878
452 1-3 2u0,168,383 not hold the independent and commanding position we indica1.177,901 27,668
13M
Totals, 1888-87
219 l,096,6fc2 U.eos"
13 2-3 393,466 ~450-8^ n7,403.8-4
ted that he did hold a year ago. As yet the change is, to be sure,
but there are evidences that a change is in progress.
Cent. tot. 7IW0
464
13
188,748
87,810,889 slight
5«1,3B<. 18,359
Last August (1888) there were literally no stocks of print
We have added lines at the bottom of the above statement cloths on September 1 of that year a small accumulation
was
presenting the totals for previous seasons for comparison. The
apparent
but even then the amount was merely nominal,
number of spindles in 1888-89 aggregated 139 per cent over
being reported on that day at 33,000 pieces; on Septemljer 1,
1879-80 and more than 14 per cent over 1887-88. It should be
This is of course quite
1889, the total reached 196,000 pieces.
remembered that these returns for the last three years only
an insignificant item still, and not burdensome but it affords
represent the spindles in operation; in a subsequent table for
a hint of a change in conditions which conservative managers
the whole country we include those idle as well, omitting only
fear has been reached.
those that are old and useless and permanently out of employ.
We now add our usual record of prices on the first of each
Turning the reader's attention once more to the North, it is
month for three years of a few articles of manufacture, giving
of importance to note that as the year closes the situation of
also the fluctuations in cotton during the same period.
the print cloth department of the trade has changed somecomparison of this kind affords additional guide to a judgwhat from a year ago. Then we showed that the position of
ment as to the relative condition and the tendency of the goods
the producer was exceptionally strong, and that the supply of
trade.
the product was not equal to the demand, the printing mills
Tear Ending with August 31wanting the goods faster than they could be turned out and
1888-89.
1887-88.
1886-37.
delivered. That cannot be said now. The mills have done
1
extremely well the past year, the third year of a series of
i
But latterly the margin has been
improving results.
So
since July there have been increasing
liberal, and
less
1 s
ll
So,
evidences that production is not being absorbed quite so
"^
i *
It will
ber
1888, the record of daily fluctuations
1,
.
;
•i
;
;
;
;
A
Cotton.
MiddVg
Sheetings.
it M'
readily as heretofore. The chief difficulty is that the spinning
capacity of the mills running on this make of goods has
materially increased during the last eighteen months, and if
all projects are completed as now planned a further considerable addition wUl be made. For reasons already stated, no
Cts.
Sept.. 107, fl
Oct...
Nov..
Deo..
Jan.
Feb.
10
cu.
CIS.
CIS.
7H
7
7
4-00
3-77
3-88
71s
71,
7'.
95i«
9%
r
II
II
7
7
Cts.
cts
9»8
918
9'4
3-91 10S,„
7H
714
714
7^
ll
li
Standard
^1
cts.
a
JJpl'd
Low
CIS.
Cts.
71s 3-2'
71s 3-31
71s 325
71s 3-44
Tisi 3-62
8%
9I16
811,8
1
'
'<
Cts.
Cts.
6%
6^
6%
6%
QH
c«».
6^
7
811,61 d54
3-38
3-50
3-50
3-38
3-38
3-50
3-44
3-39
3-22
3-31
3-25
3-28
3-9. 101,
I7
embarrassment is anticipated on this account, and managers
914
7's 7
714
9
7
7'4 7
4-06 108,6 7=11 71s 4-00 8", 6 7
i'7|«
7
as a rule look forward with entire confidence to the coming
7'4
71* 3-63 9'i6
7»9
7
6% 3-94 10
7
twelve months. And yet as the problem calls for the con- .Mar.. 9^
9% 7>4 6^ 3-94 9''l« 7H 71s 3-56 10 •« 7
7
.4pr.
additional
pieces
the
product
sumption of several thousand
of
714 6% 3-75 91a
May.. 10=!.
7H 71a 3-50 lO'lB 7
7
a week all through the year, and as at the start there has been June 10U,„ 7M. 6% 3-83 99,8 71a 713 3-75 ni,« 714 7
7I8 4-00 10' 1,. 714
714 6% 3-94 9\
7
a slight accumulation in stock, there is no doubt that the print July 10»8
71s
7I3 3-81 959
714
714 6% 3-94 1013
7
71s
cloth mills are less in control of the situation than they were Anff... 10^8
Note.— Slicetins-s— Agents' prices (for Atlantic A) are driven. Printing
a year ago. They have, however, as already said, enjoyed an
cloths are inanufactiirep.s' net prices. DIS'-oixnt on stjind.ard sheetings
excellent year, notwithstanding prices have for a time ruled is almo.Ht iurari.ably 5 per oi nt. For Tjanea-t?r Kinghanu the prices In
the present snMSOu are net, but in 1835-86 they were sunject to a disBelow are co
less largely in their favor than during la-st season.
int ranging from 712 to 10 p^r cm'.
the daily prices of print cloths for 1888-89.
The following will further help to illustrate the relative and
DAILY rniCES OF I'HLSTING CLOTHS FROM SEIT. 1, 1888, TO XCO. 31, 1889. improved condition of the manufacturer:
.
.
.
i
!
1887.
1888.
Day.
400
3
4
5
6
7
8
9
10
11
12
13
14
1.5
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
3-77 3-81
3-77 3-81
8.
H. 3 77 3-81
3-87 3-77 S.
3-87 3- 7.5 3-81
387 3-7& H.
3-94 S. 3-81
3-94 3-76 3-81
3-94
II
406
8.
3-94
4-1)6
3-94! 3-94
8.
3-94 3-94 3-75 3-88 3-94 3-94
3-94 394 I3-81 8. 3-94 3-94
S. 3-88i 3-81 3-8- 3-94 3-94
S.
3-S'4 3-88 3-8! 3-88; II.
3-94 3-88 8. :!-8h'3-94 3-94
3-94 3-81 3-81 3-»8 4-00 :3-:'4
3-94 S. 3-81 3-8x1 8. 3-94
3-94 3-81 3-81 3-88 4-00 3-K8
3-94 3-94 4-06
394 3-94 4-06
3-94 S. 4-06
.-08
3 94 3-9
4-00 39 l-OK
3-7.') :j-31
3-94 4-00 3-9J 3-l»l 3-11
S.
8.
1(H)
3 94 3-75 3-1 i-00 3-94 S.
3-75 3-8>l3-8- 4-00 :i-88
8.
3D4 3-75! s. 4 01 3-94 4-00 3-94 3-75 3-8 3-88 4-00 s.
3-8 3-94 3-iS
..3!'4 3-7.-) 3-81 400 3-91 4-0(' 3-94'3
1-00 J-; 4 3-75 3-88i3-8- 3- -4 3-88
H.
i;i-87 3-75 3-81 3-94
.1387 S. 3-^1 3-94 3-94 4-no 3-94 S 3-883-88 S. 3 38
.|3ST 3-79 3--1 !3-94 4-uo; 394 3-9 « 3-7. 3- 8 3-8; 3-94 .188
3-79 3-1 8. 4-00 3-9. 4-00 3-7 3-88 S. 3-90 3-X8
3-7!i 3-81 l3-8>- 4-1 01 8.
3-75 3-88 3-88 3-;iO 3-77
8,
.J3-87 3--9
s.
S*8
8. i3-8 4-01' 3-88 4-f
3-7.-i 3-8S 3-8- 13-80
3-77
I3M4 3-7!i 3-81
4-no| 3-8 4-0 '3-75 S.
8.
l.t-84 3S1 3-81 3-8<i
3-(r8 4-0( 3-75 3-88 3-8X 3-86 3-77
3 84 S. 3-81 3-94 4-00 3-88 4-00 8. 3-88 3-8-1 8. |3-75
.3-81 3--1 3- '3-94 4-00 H. l-OO 3-7.". 3-8H 3-8- 3-86 3-75
8 3-81 3-88 S. 4- O 3-8 l<-OU 3-7,5 3-88 8. 3-91 3 -7.5
.3-81 3X1 3-94 3-94 4-00 S.
3-75 3-88 3-88 3 91 3-75
s.
4-00 3-88 4-00 3 7.5 3-88 3 91 3-94 8.
II
.13 81 3-81! 8.
3-81 3«1 394 3 94 4001 3ti8 400 3-75 S. i3-94 3-94 3-75
377 381 3-9) 3-94 8. 3-94 1-00 3 75 3-.-,'< 3-9 4 3-94 3 75
3-77 S. 3-94 3-94 4-OG 3-94 4 00 8. 3-8K 3-94 H. 3 75
3-77 3-81 H. 3'94 4-06
400 3-75 3-88 3 94 3-94 3-76
3-91 '!-75
3-81 3-94 S. 406
8,
S.
4-(J0 H.
II.
3-81
13-94 4-0«}l
3 94 3- 5
8.
.... 3 88
.
Soatbom
Pepperell
8 yard sheetings.
R
Wamsutta
fine sheetings
<
<
a
Jan.
1,
7
1,
7
Sept.
1,
7
Jan.
Sept.
Jan.
1,
1,
Jan.
Sept.
I,
8!4
1,
ex
Jan.
1,
ll
11
1,
1,
6«
Sept.
1,
Sept.
1,
11
Sept.
1,
1,
8)4
Jan.
1,
Jan.
1,
Shi
Sept.
1,
8«
Sept.
1,
9
9
Sept.
1,
S-iS
Jan.
Sept.
1,
55< net
5J< ne<
Jan.
Sept.
1,
1.
J«net.
Sept.
1,
S-'Vinet.
I,
6
6
Jan.
1,
Jan.
1,
<
Jan.
Sept.
iept.
1,
Ki net.
fM net.
8W
«M
Jan.
<
Sept.
1
m
64
1,
5
Jan.
1
5->i
1
0%
^cpt. 1.
<
64x64 4-4 bleached cottons
Shirting prints
»M
1,
Sept.
6>i net Jan.
6?« net Sept.
Jan.
Lonsdal*j 4-4bIeach.cott'n8
—
1,
Sept.
1,
10«
10«
4-4 bl'ch. cot'ns]
Standard fancy prints
8^ net.
an net.
Jan.
1,
Jan.
<
Jan.
Seut.
1,
1,
1,
1,
5
5
Jan. 1,11
Ian.
?ept.
I,
,
»«
1
'
.
I
I
Note.— Goods not inarlied •' net" sniOeet to a diacouut of 5 per cent
on plain cottons and 10 per cent on prints.
One other branch of the trade requires brief notice.
refer to the e-xport of cotton manufactures from the United
States.
With regard to the volume of that movement, it is
neces.sary to remark that our official figures are getting to be
each year less and less relial)le. This defect is not at all due
We
*r,
8
any lack
on the part of Government
w holly due to increased railroad facilities of the
of zeal or efficiency
fflcers; it is
:
THE CHIIONICLR
328
we
United States with Canada and Mexico. For Ulustration
would refer the reader to the table published every week in
Chbonicle's dry goods report showing in detail the
tillexports of cotton goods from New York. \Vc give an item
which disat the foot of tlmt table, " China, via Vancouver,"
packages
39,740
January
of
the
1st
since
that
cloees tlie fact
hare been sent to Cliina by rail, via Vancouver, and 31,379
pack.iges last year via the same route. We presume neitlier
of these items enters into the Government figures (we get the
information through private channels), for the i-eason that the
railroads make no returns to the Government; moreover the
Government gives the China exports this year from the United
States at only alx)ut half wlvat they were last year, which is
clearly inconect, for taking the packages as rejwrted weekly
[Vol. XL)X'
Such in brief are the leading facts bearing upon the history
of the cotton manufacturing industry during the past season.
work pertains to the farm or
the factory, are experiencing a period of very narrow margins
for profits. With that fact in view we cannot but feel that
All producers, whether their
cotton spinners have fared well the past year. The takings
and the consumption of the raw material have been on the
increase all over the world, and prices, though with temporary
have been
fluctuations,
fairly maintained.
American
spin-
ners close tho year with small stocks of cotton. The crop has
promised well through the summer and prices of the raw
material have been higher, while goods have been easier; as a
consequence spinners have bought no cotton they could avoid
buying. The takings through the year of Northern and
nt New York, including this item, there is a very considerable Southern spinners have been as given below.
Total crop of the United States, as before stated
bales. 6,933,082
increase. AVe have, therefore, no doubt that our foreign exports
Stock on U<aud ooinmencoment of year (Sept. 1, 1383)—
.
year, and yet
^
of goo<ls in 1888-89 are in excess of the previous
the following statement is the official record.
At Nortliern ports
At Southern ports
At Northern interiorinarkets
Tear £>ulin; June 30-
£xtmitof
Cotton
188«.
18«9.
tncoiored
«7.792,413| 51,293.373' 32,738,113
Vds.! il,SS^.^ta< M,llrt,9S.l
Do
Other
1885.
18S6.
I88T.
Value.] ?a,»2S,378, *<,6av.«12 $1,003,772 e3,14»,0W ?2.23l),rjU7
goods., Vtl.l, 76,893,73(!iU5,-6fl,9;9,13a,>-09.074>I4«,5!7,»8U 114,800,6U.j
Do
ValUf.
m«nTs of., V'(lll«.
»5,M7,39tl| 87.812,947j $9,266.48e
8i',28I,l70, $7,019,670
tl.677,6S0j »1,«69,084
?1,J7»,«73| $1,680,45-1
W,749,8:8
Total ootton m&nufnetares erported r.i lii«,ltl0.2ia.«3ol«13,-il8 .1^9ljl4.9M.34a $13,959,934(11,836,681
.
These
totals, if correct, disclose
tion of this branch of the trade.
know
a very discouraging condiIt is therefore gratifying to
growth, but very
slow growth. A similar exhibit covering India's shipments
we have given for several seasons, by way of comparison. It
should be remembered that it we were to go back to 1876 India's total would be very small, the value having been for that
year only £0(!3,000, or say less than S^^ million dollars, while
that of the United States for the same year was $7,732,978.
For the last six years the record has been as below
that
it is
34,632- 181,225
1,065— 182,290
Total supply durini? the year endini? Sept. 1, 1889
iianufaettirti.
•ColOtwJ Goods
146,593
an understatement
;
there
is
:
Of
this supply there has
7.117,372
been exported
to foreign ports during the year. ...4,742,745
10,223-4,732,522
Lass foreign cotton Included
52 Oil
Sent to Canada direct from West
Bomt North and 8«uth~
6,114
8 sock on hand end of month (Sept, 1, 1880)ports
AtNorthern
30,815
25,51956,364
At Southern ports
3,272- 4,850,233
At Northern Interior markets
Total takings by spinners In the United States for the
bales. 2,207,089
yi ar ending Sontember 1, 1S39
486,603
Taken by Southern spinners, included in above total
Total takings by Northern spinners
1,780,486
Burnt includes not only what has been thu? destroyed at the
Northern a"d Sourli^'rn ontp 'rts, l)ut a^so all burnt on Northern r.iilroai8
and in Northern factories. Every tire which has occurred, either in a
mill or on a railroad in the North, d iring tho pa»t year, we hive
investigated; and where there was cotton lost, have sought, and la
almost every case obtained, a full return of the loss.
These figures show that the total takings by spinners North
*
and South during 1833-89 have readied 2,237,089 bales, of
which the Northern mills have taken 1,780,486 bales and the
£
£
£
£
Southern mills 486,003 bales. The high prices for cotton durTwist & T«ms r.,207,099 4,077,386 3,338,860 2,755,252 2,411, lijO 1,920,162
Manufacturer !,I67,4B« l.r.0,M2
915,014
860,25"
896,928
927,008
ing the summer, and the favorable prosi)ect3 of the growing
6,371,505
!',227,(.2S
Total
4,a.<2„504
.^OS'i.Slo: 3.a38,n28
2,833,170
crop, have led our spinners to close the season with small
tW The ofllctal fl/ures are (riven In rupees, and we turn them into pounds stocks of the raw material. For this season our summary of
sterhnK on tho basis o-r ten rupees to a unund. That, of course, does not make
aU"Wance for llie dej-reciatlon of the rupee, but under thu c rcuinstances it takings and consumption on the basis of no stocks in the
probably mtike^ tho comparison as nearly correct as it can be made In values.
The above piosents a steady and rapid development in this hands of Northern spinners on Septeniber 1, 1875, reaches the
branch of the cotton industry in India. The exports the past following result. The widthof ourcolumnsconipels us to omit
but
season have reachetl, it will be seen, an aggregate of about 31;'?,4 the results of the years 1875-76 to and including 1882-83,
in
previous
reports.
the
same
as
are
they
million dollars, though the trade began with 'i}{ millions in
To interpret this year's figures correctly it should be remem1876; the United States exported in value about 7^^ millions
in 1876 and this year, say, about 15 millions. The increase bered that the bales this year are over 2_per cent heavier than
in spindles in India is not, however, large or rapid, the total they were a year ago.
_
Cotton,
1887.«8.
18.3SS9.
1880-87.
18S5-S0.
numl)er of mills reported in 188S being
spindles
and
19,490 looms,
1884 «5,
114,
consuming 787,420
1883-84,
with 2,489.171
bales of cotton of
the average weight of 393 pounds.
The growth in the number of spindles in the United States
the past year is larger than for several previous years. This
was to be expected, for development is a natural result of tlie
improving tendency of the goods trade for three consecutive
seasons.
We have already presented the returns for the South,
which are an exact census of the additions in that section.
With regard to the North it is not practicable to obtain such
complete information. We have, though, in a more general
way during the past month, gathered the necessary facts,
which together with the record kept by us through the year of
the new enterprises started and old mills enlarged, enables us
to arrive at
what we believe to be a close approximation of the
As a result of our investigations we find that
year's changes.
in the South there has been an addition of 200,000 spindles, or
about 16 per-ceut on tlie number in use the previous year. In
the North the jjercentageof growth is of cour.se much smaller.
We add, however, 4.'>0,000 to the previous total. With these
changes, the number of spindles at the close of this year and
Taklno»anACom\impVn.
iaS»J»,
Sootb
To*Bl,,.
'
1.S87-S8.
ISSMr.
I
18S5«6.
1883^.
1884-85.
12,725,000
12,275,00(1
12.275,000
12,200,000
1,450,000'
i,^io.anb
1.2«,000
),200,iKI0i
1,150,000
1,100,000
13,5U0.0O0l 13,400,000:
13,250,000
._^
13,200,000
_^
:<,IT5,OOo"l3,5^,0O0
The Census year
(1879-80) the total
was
12,100,000
10,653,43.5,
tho North lO.lU.SS? and for the South 543,043.
12,100,0110
Bales.
J?.i!f.«.
|
Jiales.
1887-88.
1888-89.
liaUs,
BalM.
I
1,553.183 1,419,6S9 1,777,678 1,079,658} 1,787,121 1,780,488
4-;6,603
3«7,»29l 443,373
331,0001 206,000; 310,000
—
1
l,9'Ji,9jS 1,701,130 2,13J,87« 2,212,.i87|2,295,l»0S 2,310,118
Total year's supply....
CmisumpViiiitiimattiD—l
\
\
11,843,517,1,420,130 1,837,070 1.719,250 1,779,500 l,8i9,000
334.000 2tn,000| 340,000 39;.92ll 413,373 486,603
Northern mills
Southern mills
'
Total consumption.... 1,977,517' 1,686,130, 1,997,678 2,117,179 2.222,8 73 2,:!15,e03
Tol, supply lis abore..' 1,992,958'!, 701, l,-!0 2,1,3^,078 2,2ia,i587 2,293.902 2,.'«'M18
t.eay'g mill
sfks Sept.
1'
15,000
15,14t[
135,00' l|
63.408
_ 24,515
73.021)
The for.'going leaves stocks in spinners' hands at 24,515 bales,
and shows tha'. the United States consumed 2,315;603 bales.
Weight of Bi!es>.
The aver.age weight of bales and the gross weight of the
crop we have mide up as follows for this year and give last
year for comparison:
Tear
Crop of-
endti^j
Number
of
Louisiana....
,~.
niles.
Tot. tal^intts from crop 1,889,163^ l,085,6-)9: 2,117,878 2,077,387 2,^30,191 !,267,089
Oo.lOt.
73,029
15,001)
133,000
103.795;
15,4411
Stock held by mills
of the previous five years in the North and South must bo
al)out as foUowg
North.
18^5-86. 1886-87.
1883-S4.I 1881-85.
Taken hy—
Northern mills
Southern mills
iHilea.
70^.727
1.697,3 73
September
1
1889.
Year endl
WeiaU in
.Irero^r
Number
powuU.
weight.
of baUs.
523-75
491 'SS
610-48
«!-9,701
871,195,706
8J4,0.=n,818
Ahibama
2U,«02
109,345,837
Jeorgla*.. ..
So. Carolina.
Virginia .. .
*). Carolina.
0S4.833
480,381.811
400,5.39
19.3,228,024
Kj
September
1,
1888.
IFetuMtn
A v'age
pounds.
weight.
613-40
482-36
499-55
995,887
335,171,835
839,137.780
•"3,595,180
476,073.821
411,8-25
2aj,-201,137
U4
1,78),3;5
337,37;
47801
974,46«
470.29!. 213
4S7-7S
482-42
488-77
465,799,419
473-50
477-10
217,: 69
Tenn'ssee.Ac 1,737.767
10j.79',3i2
4-<7-17
2i'-V52
llil,018,n2<3
47.3-09
887,1 10 978
498-98
1,893,87.)
83-!,76-,93;i
100
JO.;-'.-
""--"^
being for
k
Total crop n_inr,_ftQ2
I iicludlng Floria,k.
3.l'(7. in.1
976,
o
,
,n n,-a .n-v
488-16
'
,..-,.>^
.
1
.
September
I
1
!
THE CHRONICLE.
14, 1889.)
329
Dale of Receipt of FirtI Bale.
A3joi\liug to til") ford^oina;, the average gross weij;;it i)M'
bale this s3iS3n wa^ 495'30 lbs., agaitut 4SJ'3) lbs. iii H-iT-S.
or 10 '31 Ibj. mare tUin last year, which iaiicat33 0'9i pjr cent
1883.
1884.
Hal, therefore, only
bsen put into eaoh bale as (luring tlia previous
seasou, the crop would have a^^iregated 7,033,0;)i) bales. The
relation of the gross weights tills yoar to previoas years tiny
be seeu fi'om the following comparisons
Kentue/:i/-~
Loui.sville
tAug. 8 •.A'g.2»
Galveston
Aug.l3'Aug. 8 Aug. 4
Julv 16 July 24 July 23
.Tuly 18
Vict'la DcWitt
ouutv Countvif'ouui V
ruly 22 July 22|july 18
V'H-fla
Whor«from|D«|V't'
July '^
DeWltt DoWittl DeWlttj
IIo-jst»n
Weil/ hi
%>er Vale
Pounds
Where from i
County
i
Couut.v County
JuU- 10 .1nlv2r> Julv24
Duval
County Couutv County
Julv 19 Julv 21
IJeWitt D.-. Witt DeWitC
"
" )C^)Unty ouuty County
DiiWitt Di-Wit
Julv
;
1>-S7S8
1886-S7
l!,n35,082
6,.5r,0,2l5
3,437,408,499
3,106 008,167
3,165.745.081
3,179,456,091
,
|
Dallas^
Aug. bLAug.l9l
July 31lAug.
t Proui Georgia.
: From AlabaliiaT
S.OGO.O^l
2,7-27,967,317
.\71-1,0,-j3
6,!li)V!,J34
3,-l3lj
5,435,845
6,5SH,3i9
2,585,686,378
3,201,516,730
5.757,:i!)7
2,77.J,4la.480
5,07a,531
2,400,205,525
2,30vi, 908,907
2,100,465,086
2,201,410.024
1,786,934,765
7,0l7,7u7
1
6,513. 023
1S8.'">-SG
I
18Sl-f5
!
18S:)-84
18S-2-83
1
1
1881-8J
1880-81
1
!
l87!t-80
:
1878-79
1877-78
4,811,'i63
4,485,4-J3
1875-70
18 '4-75
4,(it>i),'288
,
3.8 J2.99
The New Crop and
48,J-35
486-02
485-40
481-21
482-SO
490-62
475-67
485-88
481-55
2,759,047,941
516,7 91
;
18711-77
495-79
Its
4:3-()8
480- lo
4(i8-.'8
471-4li
468 00
Marlieting.
It is several years since the first of September has aflforde 1
so clear and definite a promise of a large yield of cotton as
that date affords this season. Of course there is some room
for disappointment even yet. But the fact of a larger yield
than has been obtained in either of the last two seasons seems
to be generally accepted now. Beyond that it would be pre-
mature
to speak
with certainty.
to the date of maturity, there is no doubt that
properly called a late one, as last year's crop was.
It does not foUow, Iiowever, from that circumstance tliat the
recei[)ts the first three months will not bo considerably larger
than
As an
indication of maturity the arrivals of
of Septemlier usually are a better t€9t.
is
were in the same months of 1833. There are fewer
obstacles to a free movement. Moreover, the high ]>rices
ruling are a special inducement for rapid work, leading the
planters to hurry forward their early cotton. But an influtiioy
ence contributing more than all others to swell the first arrivals
is that this season's crop is very abundant in sections
of the
Gulf States where the earliest cotton is raised, so that the
marketing from those quarters in September and October will
no doubt be materially in excess of a year ago. It is satisfactory to know that this cotton wiU find an eager market, the
mill stocks of the raw material being, as we have shown, low,
not only in
this country but in Europe.
bring forward our usual data bearing upon the maturity
of the plant, though, for the reasons given, they have less sig-
We
4
'
Aiig.18
,
new
crop to the
there are
almost always circumstances which hapten or retard the early
movement. Last year every influence was adverse. In addition to the late maturity, the question of bagging was very
material the planters would not pay the high prices asked
for jute and sought to obtain substitutes.
Then another important hindrance was the yellow fever and the quarantines
maintained at many Southern points. Remembering these
first
Still
;
facts, and the special influences operating in previous years as
noted by us in former crop reix)rts, the reader will be able to
obtain the correct teaching of the following statement, showing
the total amount of new cotton received up to September 1st
for seven years.
ARKIVALS OP SEW COTTON TO SEPTEMBER 1.
1883.
Chariot tp, N.
With regard
the crop
(i
|
' '
"_•
[
I
ISsS-'^n
1881).
Texas—
A vrru'/e
Weight,
1888.
'Aug.31 Aug.29 Aug.a6 Sept. 2 Aug.l-a Aug.ll
Aug.23 \ug.27]Aug.l5|Aug.l8. Aug.10Aug.il Aug.13
'
Number of Balis.
1887.
I
Na.slivjllo
:
Seamn of—
1886.
'
Ueuiphm
many pounds
Crop.
1385.
I
Tennessee —
iuoraa^i! iu ths total \vei,<»ht of tUo crop.
as
..
C
Charli'.'iton, S.
1884.
500
356
C...
Ga
Ga
Savniiuali, Ga
.Maron, Ga
Columbus, Ga
Rome, Ga
,278
589;
Montgomrry, Ala.
G74
Augusta,
Atlauta,
Miibile,
Si'lui,i,
i
15
1885.
176
1761
1,034
25
2i
6,.5()5
4;6l2
19«i
462
448
247
347!
500
79
476;
125i
22G
840
10
.
ColumbuK, Miss
Nashville, Tenn...
Memphis, Teun
Galvcstim, Texas
Dallas, Texas.
11
19
fi
3
30
22 ,738
150
20 1,014;
45'
287
2
899
3,511
1,658
1,703
16:)
30
lis
101
18
22
i
6
34
8
111
103,
14'
602
1,000
628
II2I
204
4|
1
4,135
2,n00l
l,214j
19,718
t7,2()0
34
11
9,823 16,334 12,289
9S8l -500
600
3141
513 1,311
12
4
l,700l 1,821 4,660-
300
86
18S9.
365
17»
506
36
1,000
'4()6
48'
26|
!
2i
2,406
79
235
645
144
672
252 4,500
3G5!
1888.
2,7.50l
1
6.50
,.
552
57
l.OO-il
G;
Ala
Ala
1887.
8
163
325
Eufaula, Ala
New Orleans, L,a..
Shrevcpu-t, La
Vicksbarg, Miss.
1886.
25
1,653
648
50
6,735 16,563 17,717 11,456
*60
506
95
6
7,060
•I
Total aU ports to
I
1
i
I
September 1... 31.424, C.902 24.094130,313 6'i,067|37,739i46,56»
'Estiniattd; no returns reeclved.
I Nearly all the new cotjon received came
by Morgan's Louisiana &
Te.\a» RK., aud not beiiii; billed as new we have no meaus of llndlng
out about it. The above is a clo.se estimate.
Sea Island Crop and C'ousamption.
have again to acknowledge our indebtedness for the
nificance than usual. First we give the date of receipt of first
kindness of the various receivers and shippers of Sea Island
bales.
This year the first an-ival was from Georgia on July cotton, tlirough
whose assistance we ai-e able to continue our
3, from the same planter that has furnished the first bale for
annual report of that staple.
the previous two years. But there is very little to be learned
Florida.
from a first an-ival— the average of all the first an-ivals is
-1888-89.-1887-88.-
somewhat
Rec'ta at Savan'h. Achates
Receipts at Charleston
Reeeipls at New York, &c.
Shliiuients to
Livei-pool
from Florida direct
of a guide.
Date of Receipt of First Bale.
1883.
Virffinia
1884.
I»e5.
188G.
I
1887.
1888.
!
1889.
—
Aug.29 Aug.27 Aug.26 Aug.21;Aug.22 Aug.22IAug.23
^•<)rfoIl!
Ko. Carolina
Chariot ti'
—
i
.\UK.23 Scrt. 3 Aug. 21 Sep*. 6|Aug.25 Aug.26 Sepf. 4
WiliuingtoD... Auj!.23 Aug.2.3
Seiit. 1 Aug. 26 Aug.21 Si-iit. I
—
So. Carolina
fliiirlcstou
.
Aag.l7 Aag.80 Aug.l2
—
Aug. 12 Aug. 8 Aug. 17
..IAug31
Aug.l5 Ansr.l9|Aus.ll Aiik.12 Aug.ll Aug. 3 Aug.l5
Aug.2GAug.22 Aug. 6 Aug. 3 Aug.20 Au,'.ll,Aug.l7
Atliiitii
Savannali—
Frinu
Ga
From
l-'lii .
July
6 Aur. 4 AU!?. 6 Aug. 7 Aug. 6
GlJuly 25| Aug. 5
Aug.lo AuL'.l'iAu;. 3 Au^'.17 Ang.22 Aug. 9:Aug.l7
AU^'. 8 AUL'.lnlAUL'. 7 Au.g.lO Aug.lli Aug.21 Aug. 1
Aug. 7 AUf.-.lg Au^. 6 Aug.l2;Aug.l2!july 31 July 4
.\ug.22 Scjit. 3 Aug.22 Aug.27'AU,g.-,;lJ.Aug.-i4iAug.24
JiUy 5 Aug. 2 July 25 Aug.lOJuly 5 July 5 July 3
Macoii
Colmubufi
Orillln
Albany
Talliilmsace
Aliuit^'oinery
Mobile
26,903
6 .Vug. 12 Aug. 8 Aug.lS'Aug.ll
.\U!.'.12 Aug. 12 Aug. 16 Aug. 5
Aug. 5[Aug.l(j Aug. 8 Aug.l7 Aug. 5
Aug. 8 Aug.l.j Aug. 6|Aug.l2 A.Hg. 9
.. Ai»i».
........ Auf.'.
S«'liii:i
Eiifaula
'Louisiana
—
July 31 Aug. 2
July 30 .\u^'.l.")
24,753
Georgia.
Tot.
from Br'ns\vick,JiC
R-^ceipts at Charleston
Receipts at Beaufort, &c..
—
Dalncl
Receipts from Florida, &c.
23,513
.-23,518
17.214
233—22,529
Sea Islaud crop of Ga.
t.
50— 17,2B4
7,4 62
6,254
Carolina.
7,78.^
7,1348
2,191— 9,980
448—
1,6J4— 9,042
478—
443
Tot. Sea Island crop of S.C.
Total Sea I.'.land crop of
478
9,532
8,594
the United States
43,903
The distribution of the crop has been as follows:
Aug.l7 Aug. 7 Aug.ll Aug.l3 Aug. 3 Aug. 10
...
478
7,061
Receipts at Savannah
29,9!*1
Receipts at Charleston, ic
—29,991
Dediicl—
Rece-pts from Florida
22.296
Florida -~
Alabama —
4S
4,165
4
•
Soiitli
Aiiftusta
17.214
22,-296
Tot.Sea Island crop of Fla.
Kec-i>ts
..
Newberi-y
Gef}rfii<i
We
Supply year ending
How
Sept. 1, 1889.
DistribiUetl.
'
39,571
Of which
to—
Exfjortetl
1
Stock
July 31 Aug. 7
,^,1
Sept.
-^
Total
For'gn
Ports of~
.Aug. 10
.\ug.
;
Xet
£x
Total
'
<"''""
C»fj' fofw?
Havre
P<-rttt
JS'pw Oi li-ans—
From T(-xa«. July 10 July 29 July 28 July 27;JuIv 19 JiUy 29 July 23
•'
.'«Ih8.
Val. Aug.131 Vui,-.10 Au!.'.10'au-.2()
Slirc,Vl;l(01 1.
. .
ilississlnpi—
Vu^ksimrtr ,.
CollllllbttH
Arkansas—
..
Aug. 2iAug. 3'.VHg.i:i
Aug. 7|Aiig.20 Aug.13 Aug.l2 Aug. SlAug. 9lAHg.20
Aug.l5|Au?.29 AHg.l5 Sept. 2 Aug.10lAug.15 Aug.21
Aug.l5'Aug.27 Aug.l2 Aug.24 Aug. 9|Aug.HlAuii.2d
I-ittli-Kock.... .\ug.22 .Sept. 4
Helena
Aug 25 Aug.21 .Viig.HiAug. 9 Aug.27
Aug.l7 iAug.22' Aug.28
8.
Carolina.
Georgia
Texas
..
87,
eo
Florida....
9,532
9,619
7.592
26,H09| 26,909
7,46.i
669
9,619
6,853
4,237
3,261
752 5,039
275 3,536
11,234
26,90»:
..
New York
.. ..
78-'
773 12,007
788
BaltiUKiro .
Phlladi-1.4c
1,673
1,675
Boston
'
.
Total...
147 43,903 44,050
669: 43,381 21,245 1.800 23.04i»
.
..
I
1
—
...
1
THE CHRONICLE.
830
From the foregoing we see that the total growth of Sea
the
Island thU year is 4.3,903 bales; and with the stock at
beginning of the year (147 bales), we have the following as the
total su|>ply and distribution:
Thl. v«ir-» crop
Stock September 1, 1888
Total year's supply
DitlHbultd tu follow :
Esport«d to forviicn ports
Stock end of year
bales.
bales.
43,903
balea.
41,050
^
oonjt
23,045
[Vou XLIX.
Below we give a statement of the year's exports from each
showing the direction which the.se shipments have taken.
port,
Similar statements will be found in all previous reviews,
and a comparison as to the extent of the total movement to
each port can be made with back years. Contrasting thi(B
present returns with those for last year, we find that there
has been a decrease in the exports to Liverpool and Reval, but
that the other important ports show gains.
b69-23,714
.
+
1
20..336
Leaving furconsumjit ion In United St ites..
thus reach the conclusion that our spinners have taken
of Sea Island cotton this year 20,836 bales, or 651 bales more
than in the previous year.
The following useful table shows the crops and movement
We
Twreign ExporU.
Crop.
.
,,
nari-
Oeor-
da.
»<«.
7,488
84.798
80.901
84,878
»,2!M
8,411
S4JM7
8,075]
^g;;
18.064
8,996
8.146
21342
6,049,
18,410
18311*
18,776
14.730
11,814
8.178
8.480
8,053
8,608
1,669
agoo
8313
13181
Sl^::
flW-T8
(fM-77 ..
878^76
874-75..
878-74..
879-78..
871-78..
6,380
lim
1,110,
1.408
889-70..
88»4I0..
887-68..
8,885
10,784
5,684
8,798
9,»48
8,703
10,408
seiMW..
11312
6,296
10.015
188S-66..
2,428
10,957j
«0-71..
T
"
'iVx<u.
Ortat Oonit- Toua
OrU'n. nent. rxporU
1369
1.567!
4,931
9,225
6371
43,908
81,846
1,800'
23,045
39.571
7.735'
45.137
37.872
7.010
12.S63 .... 40.925
8,415 .... 85.441
89 88.984
15.715;
10,618;
19 38,552
14345
8 36.442
9,966 .... 20,704
2 82,903
7,133,
0,448
sol 24.825
4.111 1
29 17,M23
771 14.i>»«
4,750,
7.400, 804, 17.027
8.750
920 19,912
13,156 1,100 26388
8,^5 ^899' 16,845
7318 704 21,609
7.3»1
....
26.507
5.81)8
....
18,682
4.577 .... 21,275
11,001! .... 82,228
5,630, .... 19,015
1H,«B5;
1.B15
1.13J
20..'>SJ
9.8381
8,864
....
....
....
25,218
1
U.748
).68o;
3.1131
18,422
12.166
21,565
22.303
80,25»
13.729
10.458
12.591
28.851
m.428
2I..''.«5
13.234
12,938
15,040
18,873
6281 23,469
4.06.S
1,907,
1,887'
593 J5.584
61
19,805
24,716
17.289
152 19.859
3921 30.706
143 18,231
1.910
1.861
669
1
147
20.51(1
.*^i
19.9-i3 I.Hi I
17.1165 1.810
10.383
9.451
1.389
1,345
14,991
19,844
22,776
15.888
19.707
80,314
18,086
20,338
19.885
Vi.WS
16395
3.7(11;
8234'
S-1
11.874
13,fiW
2.212:
n.H»»
"Ǥ
13.57U
1.S92: 23.457
2.45:i 24.750
4.136 24.:»5
3.2W 17.023
1.413
11.501
13,139
16,986
els
''I
21b
21
130
1 1,782
11.271) 1,098
31K
».:i89
1,915
2.192
2.113
1.523
1.526
1.672
1.390
1.388
1.670
1,597
1,100
27
127
1
048
'b-il
London
. .
1
1
1
Koueo
Bremen...
IlambtirK.
PorU.
Rot'rdam.
Antwerp..
Ghent. ...
Reval
Crunstadt
4,»?6
8,575
5,V92
4.780
21,076
85,740
206,271
20,460
77,311
1,106
8i,SJi
49,S6'i
Tear ending
Sept. 1, 1889.
42.539
73,188
66.064
1,430
22,478
'4,080
11,775
10.981
....;.
10,675
76,523
3,649
89,738
1,475
3,810
9,499
I!!!!!
187,685
8,486
63,149
8. 415
5,489
......
,....•
2,314
26V98i
8,419
1,650
1,164
....
een
Cb i-Uana
Norrkop 'g
8,918
1.000
8,040
—
Sebastoo'l
burg
16,788
Neiffport..
1,487
8,870
6,665
6,048
50,169
57,730
Harbor
211
158
Barcelona
410
485
Majorca
MalliKU....
Genoa
3,8;K)
Salerno...
i6,M3
1,366
"mi
.
—
89,926
8,270
3,600
3,600
3,5di
49,425
8,717
Santand'r
oporto
L'sbon
200
1,200
1,943
11,355
1,415
29371
1,178
15.982
:;..'.
8378
1,249
!;!!!!
118.157
9.660
1.249
5,89
88,845
"^e
::::::
6,885
..
19,884
18,961
Ce nt ral
303
America
'>V.
Indies.
V.Cru2.*o
50,4J8 318.8;!2 ^57,^^4!408.849 114.054 1 0«()'i9 1
!
6
87311
833!
609|
1,797
4,418
Sepl. 1, 1888.
Slock
8717
862
200
69,449
6,292
7,901
175,527
1,150
1,150
...
Odessa
[
1.5,301
»,t89
1,308
2,912
1,000
8,040
9,186
1,108
GeSe
Abo
Trieste.
Receipts. IShipin'ls.
555,508
95,078
81.581
19,906
eVwi
Total.... 1419,487
Shipm'l».\ Stock.
2.356
Copenba-
T0WK8.
\
6l,'54i
18,948
977
18.416
N. Scotia..
Tear ending
..'..;;
1.434
13.402
1,880
4,270
4,804
6,392
4,760
408.342
3,«'»
1,700
4d,l"84
Ootteaburg
!,«»
3,685
::::::
Stettin...
Naples
Receipt:
......
1,680
284,.')85
Ibtol
54,133 128,763 487,741 609.984!48S391 8779.248
8T,470|
87.470
88,100
8,036
46.531
148)
Amst'd'm
635
603
cotton
at the interior porta and the stock on Sept.l of each year.
Other
York.
'i.700
Pooteeloff
States.
l96
New
folk.
18,402
•370
Movement of Cotton at the Interior Ports.
Below we give the total receipts and shipments of
60,498 801,214
*
Nor-
o'ustown.
St Peters-
of "American Cousumptlon" in this table Includes burnt
764,881
Oalvet- Cluir- \savanton.
tetton.^ nah.
.
3S2
5U3
687
,'MO 110.016 207.973 4.081 671.870 428,902 .1,368 470,270 201,132
:
in
iii
Soutft
Kim.
a^9ou
,,
fflj
Hull
GiasEvtw
Lelih
llavre
Ouaklrt..
8S8-^
ajm
I.iTerpool
Grimsby..
0MMon.
18B8-eB
nnn flQ
Mfl OT
jBm^ng
QQIflO
Orleam. JfobOe.
I'leetwo'd
New;-a»tle
N.Shlelds.
war
of Sea Island since the
New
To-
bales.
? »?>.'^ 1
0'
5,027
474-2.745
bales; to Havre. 5. )53 bales
to Bremen. 16.951 bales; to Antwerp. 3,219 bales; to Reval, 5,00 balei; to
Barcelona, 7,301 bales, and to Majorca. 882 bales.
t Includes from West Point to Liverpool, 172.093 bales; to Bremen. 5.410
bales, and to Ghent. 8.981 bales; from Newport News to Livorp,)-il.9J.7'36 bales.
t" Other Ports" include: From Wllminsrton to Liverpool. 78.40i bales; to
Q leenstown, 1.880 bales; to Bremen, ll.xoo bale); to Reval. 3.840 bales; to
Ghent, 1,475 bales; to Antwerp. 4,150 bales, and to Barcelona, l.SOJ bales.
Fr rim Baltimore to Liverpool. l:)2,131 bales; to London, ).480 b ties; to Havre,
'i,350 bales: to Bremen, 43,101 balei; to Hambun;, 1,430 ba'es; to Rotterdam,
3,819 bales, and to Antwerp, 12,127 bales. From Boston to Liverpool, 2»6,5'J7
bales; to London. 3.555 bales; to Antwerp. 2j0 bales, and to Halit'ax, Yarmouth,
*c., 4,418 bales. From Philadelphia to Liverpool. 4(1.0 i7 bales, and to Antwerp,
13.211 bales, ir.ira Portland to Liverpool, 1,090 bales. From San Francisco to
Liverpool, 121 bales.
•
Includes from Brunswick to Live-pool 46
2:14
<
Auinistn,
Gn
194,116
78,9a4
52,893
107,160
Columbus, Ga..
MacoD, Ga
Mt^omery, Ala
Belma, Ala
Meiiipliis, Teiiii.
107,083,
727
90,67.5
89,952
1,293
1011,128
106,618!
704,142
70G,404|
910
170
652.407
57,743
19,607
8,774
96,953
109,729
32,855
51,566
13.526
112,624
61,400
21,802
527,900
36i,524
653.774
57.409
19.548
53,770
Mashvillf.TfUU.
67,8.50:
6-1,113,
DaU.m.Tfxas.
9,931
5,414
74,675;
10,019
5,414
74,904
86,329
..
Palestlne.Texas
8hrev«'p,»r1,
L;fc
I
86,247
34,279
30,133
VIcksbiirK, Miss
Columbus, Miss.
Eufaula, Ala.
..
Oriniu, Ga
Atlanta, Ga
Borne, Ga
Chariotte, N. C.
St Louis, Mo...
Cincinnati, O. ..
34,299;
39,0.15
21,8.56,
21,888
91,993!
55,908;
91,953'
22,189
679,368
365,896'
5.5,934!
Kewberry,
15,310
32,165
14,584
15.215
8. C.
N. C...I
Pcttreburt?, Va.i
lAulsvlllc, Kv.-'
Little Kock, Ark
191
180
8
16
412
4
499
9
22,214;
582,-61
363,689
Total, old town8l2,682,679!2,687,l71
Kal<-I({li.
67
3-5
197,910
67,381
5.',6 10
107,508
194,5111
78,S39i
15,310
32,427
14,601
15,329
512
3,272
85
9
83
18,440
35,513
16,832
13,615
33
66,215,
219
n,on
Bouston, Texas
30,651
675,501
30,823
673,578
3,360
27,780
641,159
nev tonus
860,655
859,094
3,789,
819,554
Tot.,
Total,
all
.
432
31)0
52,0211 1,069
107,133
8,774!
96,894;
110,472
32,9rtl
51,394!
650
570
3,172
433
409
90
36
374
13,.il9:
36
112,246,
45!)
61,365
21.800
35
25
18,440;
35,4661
47
26
196
134
16,828
13,598
66,073
28.409
645.887
1,434
825,301
2,229
391
3,.543,334 3,546,265 12,44413,480,581
»»,,.^^,„.,. 3,499 ,036! 15,375
*Kceclptsand slilpments at Ljulsvllle are net tigures in botlT years.
Sliipments in this statement include amounts taken from
interior towns for home consumption and am junts burnt.
Exports.
In the following we give the total foreign exports for
six
years for comparison.
TOTAL BXPOBTg OF OOTTOX TO POBEION P0BT8 FOB SIX YEAR.S.
EtpvrU
Fhom—
1884.
(bate*) to Foreign Ports/or
1885.
.
.
.
.
.
[From our own corrcipondeut.]
Tear Eliding Aug. 31,
London, Saturday, August
The
Bank
1987.
1989.
raising of their rate of discount
by the
31, 1889,
!Director3 of the
of England on Thursday from 3 to 4 per cent was so
generally expected that the dis.;ount houses and bill-brokers
were charging dm-ing the three preceding days from Z}i to 3}^
per cent, or where they took bills at 3 per cent they made it a
condition that more should be paid if the Bank rate were advanced on Thursday, The Bank of England itself during the
first three days of the week took bills from those who were not
its regular customers only at 3}^ per cent, and for loans it was
charging 4 per cent. The moment the advance in the rate was
made the joint-stock and private banks raised the rates they
allow on dei^osits to SJ^ per cent, and the discount houses and
bill-brokers raised their deposit rates to 3J^ per cent for money
and
per cent for money at notice. The discount
at call
2%
rate in the outside market, however, has as yet hardly risen
to
1886.
K. Orl-ns. 1,4.\2,980 1,338,219 1,556„536 1,474,654
l,522,687il ,499,497
Mobile
57,537
43,-30
47,416
46,807;
62,499
50,499
flo.Car...
273,710 339,985 336.286 277,616 287,021
Oeor^la..
359,799 :i90,858 401,920 495,707 440,230' 357,521
4(19,819
JToxas
372,020 245,229 336,718 423,712 333,9.56
310,932
Florida ..
3,751
3,58.51
26
3,410
Ko. Car..
47,242
65,96 J
73,213 166", 691; 121,903 166.747
Virginia
274,510 345,4.50
439,577! 467,761! 541.1)54
Kew York 6.56,5411 789,448 313,689
847,341
847,953 919,991 1. 090.2i11
Boston
12.5,861
135.464 199.637
1.53.314
241,727, 231.75(1
Plilliidel
111.264
67,109
62,920
55,535
73.83 1!
5!).i;;is
Baltim're
170,-'52
169,974 172.412 132,903 164,1111 1911, JTl
P'tlnd..Mc
2,3.50
2,511
4,924
1,080
flan Fran.
2,16J
2,0:2
953;
895
239,
124
Tot. from
estates. '3,910,579 3,939,495 4,343.99l'4,458,326
4,638,981 4.742,745
.
p^0tt!etat^5®0tmttevci^a%ttfllM^
528,135, 3,905
363,614 1,065
8,655 2,661,027 2,663,735; 13,147
7(i,i»26
Bn'nhaui, Tex
19?,7h6
67,282
Z%
per cent, thoug!) the impression
is
very strong that
it
must rise to the Bank level next week. On Thursday, which
was pay-day on the Stock Excliange, there was large borrowing at the Bank of England, apd as much" as 5 per cent per
annum was charged for loans for a week. The outside market
very poorly supplied with fund.s. !Duriug the week ende4
Wednesday night it obtained in loans and discounts from the
Bank of England nearly a million sterling. But the unemis
ployed funds at its di-^posal nevertheless slightly decreased.
For this reason it is believed that the outnide market must
follow the lead of the Bank.
O.i Thursday all the foreign exchanges at once moved in favor of this country except the
Paris exchange.
The " liquidation " at the bagiuniag of the
'
Septembsr
month
THE CHRONICLE.
14, 1889,J
in Paris begins to-day,
and
will not be over until
tlie
wasted.
On
331
the other liand, the old comi)anie3 are not likely
on the slupowners' termi. Besides, wliat is wanted is
new
private company, but the control of the whole dock
exParis
not
a
the
of
stationariness
temporary
the
of
cause
is the
'• liquidation " is over it is
of
London by some public authority. In the end it is
facilities
change upon London. But once the
will have to step in, and provide
hoped there will be such a movement as will allow a large probable that Parliament
compensating
the old companies for
of
course
From
control,
London.
such
Paris
to
from
brought
amount of gold to be
5th.
It is believed that the
demand
for loans
on that account
Thursday's Bank of France return it appears that that institution now holds nearly a'SH miUions sterling of the metal.
Meanwhile it remains to be seen whether the raising of the
Bank of England rate will stop withdrawals. On Wednesday
£400,000 in gold were withdrawn for Brazil, and it is reiwrted
than even a larger sum will be taken for the same destination
very soon whatever the value of money may be here. It is
feared, too, that a drain for Buenos Ayres may spring up, and
much apprehension is also felt respecting a demand for New
York.
It is known besides that comparatively small amounts
are immediately required for Portugal, Egypt and South
Africa.
The silver market has decidedly hardened this week. The
British Mint is still buying, and a strong demand has arisen
for India. The purchases of India Council bills and telegraphic
transfers were better this week than for a long time past, and
the Indian banks are purchasing silver freely at 43>^d. per
oimce. The reports from the districts affected by drought
continue favorable.
The strike of the dock laborers was aggravated at the beginning of the week by a strike of the men employed at all the
principal coal depots throughout London, and by minor
It is estimated that at one time over
strikes in other trades.
130,000 men had left employment. The coal strike, however,
was soon happily terminated, the employers conceding the
more important demands of their men. But the dock laborVarious attempts have been made
ers' strike still continues.
to bring about a settlement, and as the discussion has proceeded the demands of the laborers have narrowed down to
First, that casual laborers shall be employed for not
three.
less than four hours a day, or that their pay shall not be less
than two shillings; public opinion was very strong on the side
of the men in regard to this demand, and practically it has
been conceded by the dock companies. The second demand is
that contract labor shall be abolished and piece work substituAt first the men asked for the abolition of piece work
ted.
also, but they have been convinced that in this they were
wrong, and they are willing now that piece work shall be
to sell
the loss of their property.
Tlie prospects of the cotton trade have not improved during
the week. Owing to holidays it has been found necessary to
prolong the period allowed to spinners to decide whether they
The
to work short-time during September.
however, that they will decide to do so. The
weaving branch of the trade has not suffered so much as the
spinning, but weavers also have been asked to work half time
through September, and it is believed that they will agree to
the proposition. In the meantime the demand for manufactured goods for China and India is very small. The markets out there are glutted, and the purchasing power of
both populations is lessened by famine and drought.
An attempt is just now being made in London to organize a
will continue
expectation
is,
Bread Trust similar to the Salt Union lately established.
During the past year or two several limited liability companies
have been formed for the purpose of buying up bakers' shops
throughout the metropolis, and the principal three of these
companies have now agreed to amalgamate. From the statements made at the shareholders' meetings called to confirm
the amalgamation, it appears that the promoters hope to
establish a monopoly powerful enough to fix the price of bread
throughout London. It is hardly likely, however, that they
will be allowed to carry out this purpose unhindered, for Par-
Uament will be called upon to mterfere if they raise prices
very much.
The stock markets continue as lifeless as they have been for
the past few months. At home the prospects of the money
market deter operators from engaging in new risks, and on
the Continent capitalists and speculators alike are waiting for
the result of the French parliamentary elections, which are
fixed for the 33d of September. The general expectation still
is not
is that the Boulangists will be defeated, but that opinion
so confidently held as it was a little while ago. As long as
uncertainty remains there will be no activity in the markets,
for rightly or wrongly it is believed that a Boulangist victory
would be followed immediately by confusion at home, very
ending in revolution, and before long that it would lead
generally substituted for contract. The men allege that the to a war between France and Germany. The British public
contractors obtain the contracts by bribing the officials of the generally stiU keeps aloof from the market for American raildock companies, and that they squeeze down the laborers to road securities. Quotations follows the ups and downs of
the lowest possible remuneration in order to make a profit. New York, but there is no initiative in the London market,
In short, they assert that contract working is only sweating and both dealers and brokers now fear that a material increase
Public opinion has strongly sided with in business is not likely this year. As soon as apprehensions
under another name.
the men in regard to this demand also, and in principle it like- of dear money in New York have ceased, they say, apprehenwise has been conceded by the dock companies. The third sions of stringency at home will become stronger, and they
demand of the laborers is that they shall be paid at the rate of are inclined, therefore, to the conclusion that whatever may
sixpence an hour for regular work instead of fivepence, and happen in New York there wiU be no active business in London
eightpence an hour for overtime instead of sixpence. On this this year. This is only an opinion, and it may quickly change
point the dock companies have refused to give way, and as the with a change of circumstances. But for the moment, at any
public feels incompetent to judge between the two parties, rate, there is so Uttle business doing that the offer or the bid on
there is a strong demand that it shall be submitted to arbitra- a few hundred shares makes the market.
Meantime the trade of the metropolis is paralyzed, and
tion.
The weather has greatly improved here this week. We
very serious losses are inflicted upon shipowners, manufactur- have had no showers bright warm sunshine lias everywhere
It is still
ers and merchants, not to speak of the distress among the fam- prevailed, and the hopes of our farmers are rising.
ihes of the laborers who are out on strike.
thought that the wheat crop will prove an average one in
The struggle has made it perfectly plain that the dock ar- quantity. But the quality is very variable, and the condition
The dock compa- leaves very much to be desired. It is hoped, however, that a
rangements of London are utterly faulty.
nies are private associations. In the past they have been few wteks of bright hot weather will so dry the grain that
guilty of the same eiTor of over-constioiction with which you more of it will be fit for milling purposes than seemed at all
are so familiar in the case of American railroad companies. probable only a week ago. The estimate most generally reThis resulted in wars of rates which nearly ruined the several ceived here and in France is that about 18 millions of quarters
companies. At last they were compelled to enter into a kind of eight bushels each will have to be imported into tliis coun,
of amalgamation, and they are now accused by the shipown- try from abroad during the next twelve months, and that the
ers of endeavoring to recoup themselves for their losses by Continent will need about 10 millions of quarters mare
excessive charges, and by the work people of screwing them making the total requirements of Europe about 38 millions of
down to rates of wages which make decent living impos-sible. quarters. The wheat-exporting countries of Europe and
The principal shipowners ars so dissatisfied with the state of America, it is estimated, will be able to supply about 29 milllikely
;
things
now
existing that they are negotiating
selves for the formation of a
new and
if
dock tmst whicli
better docks at a very large outlay.
done, will
make matters worse than
ever.
among themshall construct
This, however,
The shijwwner.s
cannot be ex])ected to buy out the existing companies at their
own price, for undoubtedly many of the old docks are quite
obsolete, and much of the capital spent has been utterly
ions of quarters and there will be about 4 miUions of quarters
surplus from the rest of the world, chiefly Asia.
Messrs. Pixley
&
Abell write as follows on the state of the
bullion market:
le
large witlilrawal of £100.000 for Bra
.
been no Inquiry for gold, and the Bank has pareliasad £63
The ariivals have been from Calcutta, £i 1,000; Natal, £5,000; Aastra-
Gold— Excepliuj; one
h'ls
.
a total
X l.-.8,000. or
B"H
«167.(CO; tod jtcCSSO
i.r
lias i.een ehiin
been In Kfod drinnnd both for tlip Mint iind for
426„d..roao
(iimlutlon for illMT. wliuU ^m.k Kttiuly at
10 III.- •.'8ili. aid 4l'i?d. ts now (|iiot«l. iiil,i001ii.s
'
llouiliuy.
10
'
to>
\, w V..rk and i;7.5,()00 litis (!< ne
iiMr« liave
r
,•
'
|,
,,
,1,
,
„
8UM>lif« und a fairly ncllvo iruniy
iitv
r
f
TOi-
I
.
.V
1
The] daily closing quotatiou.s for securities, &c., at London
are reported by cable as follows for the wci k endinj;
Sept. 13:
.i-<
.
aifno-wiomlnally4l%d.
ihi stciiin».>u<itlie.v
u»k ia.SlO
-ii-.uii.i
<.'.
London,
to Singapore.
Jfon.
Sat.
d.
per oi
Consols, new 2^j percts.
96ir.„
i|«
9
»7-'„
971.for account
Fr'oh rentes (in Paris) fr. 8627 « 80-10
11)8
108
U. 8. 4iss of 1891
130?»
130%
U. 8. 48 of 1907
1.778
0738
Canadian Pacillc
Chic. Mil. 4 St. Paul.... 76 >4
70 >4
:!0i8
Grle common 8took..
294i
11934
120
niinoio Central
do
8ILVBR.
iMdon
A«<l.f9.
StaiulanL
Bar
Bar
n
77 10
10
silver
ilexiciin doI»
'Hke
Bpan.doublounn.uk
6 Am,dnnbl<>on*.oi
The
money have been
rates for
Open markrt
Bank
Vttulon
—
42M
42 11
oi.
J5 IS-If
454,
or.
41«
41M
for deposits by
Six
At 7(014
3X«3(, S««4
H
1
Hi
2
5«
The Bank
now and
|2X 2!J
S5<-2«
and open market rates at the
rate of discount
Ctoatiueutal cities
1-1
iH-ni
Mi i«-i«
ih'i«-iM
1
m
iw
jsMa'
Dai/i
Call.
1
» - 8H» -3«a -
3
« - SKa -S«» -
8
chief
for the previous three weeks have
been as follows:
AVfUtt
AuguItt
30.
23.
August
.dugniit IS.
9.
Ratet of
Interest at
Ban*
Opsn
Bank
Open
Bank
Hate.
Narka
Itate.
Jfarlcel
Itate.
Open
Market
Bunk
2W
3
3
iiatt.
Open
Market
2Xi
2H
3
3
'£
3
2
3
2X
3
1«
Amslerdam
Ki
SW
'•«
2«
2
2X
2j<;
September
B<*a««els
3
««
t«
S
3
in
S.!*
4
4
3
4
2J«
4
2«
8«
3H
4
a
s
4
6
4
S
8
4
4
4
??«
6
8
e
6
8
Mndrld
Vienna
Bt. PeiersharK..
\)opanhaff<»n
3
2M
^%
3
3
3
2
position of the
Bank
of
1888.
1887.
1886.
£
£
£
£
S4.K1.-.-I0! 24.40l.':80'
24,750,765
25,081,472
4.054,569
3,219,134
Other deposits
25.405.608
Oovernment
14,f9.'.225
15,017.39fl
15,165.424! :3.8-8 2wl
20.930.409
13,8!1.479
12.H29.840
11.682.7701 12,102,017
Baserveof notes and
Coin and bullion
Prop. Hn.ets to
Baju
coin...
12.300.572
liabilities
24, 293,018
21,49;,llil
41
42H
4 u. c.
4p.c.
814 p. c
97 15-IA
99«
113,340,000 127,8t<3,000 107,889,000 131,803,00.'
Consols
OaarUw-Hoasa ratnm
.".Sis
.5.^1.2
24 4i
25
7.'>8l
:i)'4
120 la
55ii
24j8
in»»
111^
ha*e
*.
the beginning of the
NEW
week
first
YORK.
I
I
Total
SmceJan.
1889.
1883.
1887.
1886.
Sen'l mer'dise..
J3.055,96O
6.698,516
$2,722,735
5.062,069
$2,188,170,
4,657,835
$2,503,370
$3,381,804
$0,846,005
$7,810,681
$9,754,406
$83,736,344
218,. 30,255
•887,<;7".868
1(192,887,947
238,180,375
23.2,400,930
$9R,572,028
254.989,018
&,:i0'f.314
1.
Dry Goods
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending September 10 and from January 1 to date:
specie)
E.iCPORTS FR05I
1P,076.B«2{ 19,8<<fl815
413-16
3 P.O.
403<
rate
23.4:iO,011)l
20.0:)6,282; 20.834,5d0| 20,689.525
p. o.
:
Total 36 weeks. $302.060,599 $326,056,213 $325,2 83, 677i$3.M,562,2TG
3.558.(W4
24.k37.617
secorltlas
1
National Banks
following
FOKEION- IMPORTS AT
For Week.
mo.
4,5»9.»4»!
—The
6; also, totals since
Glen'l mer'dise..
Other seoarltles
1
iim iim
111
3
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years:
Pabllo depoilta
Hi
30^
120
January.
Dry Goods
The following return shows the
drenlstioD
7078
7614
3lia
12014
1
Imports and Exports for the Week.— The imports of
week, compared with those of the preceding week, show
an increase in dry goods and a decrease in general merchandise.
The total imports were $9,T.'il,468. against §10,436,979 the
preceding week .and §9,027,0-18 two weeks previous. The
exports for the week ended September 10 amounted to
week and $7.230..j(is
last
$7,98.J,46~, against §7,876,301
following
are the imports at
The
previous.
weeks
two
New York for the week ending (for dry goods) SeptemlKT
5 and for the week ending (for general merchandise!
8
HiiiQbarff
75
10s
130
7118
l.SO
6.*:U
7578
303b
12H-J
55 >3
24»8
97 Si
SO-42'a-
108
last
3
3
3
108
los
131
U»:i8
24!>8
975,,
;
'H
Frankfort
Sli'lO
Capital
JTational Bant of Cliillicotli-. Mo.
William Wijbtriioro
ifso.ooo. "lliomas McNiiliy, Presifleut
lidgerton, Casliitjr.
4,112—TbB Planter.' Nalionol Bai li of Ilouey Orove. T.xas. Capital,
i}i75,000. Jo.seiiU Meyer. Pi eMdeni: K. J. 'riiomaJ=, Cashier.
4,113— The Couiiufrcial National Bank of Denver, Col. Capital, $250,000. Cbarles H. Dow, I'lctideut;
, Cashier.
4,114— The First Xatiouai Banb of La Porte Cily, Iowa. Capital.
V.
K.
Wettatelm, Casliii r.
Caiup,
President;
.Tames
F.
$50,OeO.
a
3
3
3
8800
•I2»l«
B77„
8625
fl
4,111-Tli« Citzens'
8W
««
Hi
Paris
BeVlIn
97.,,
975,
Fri.
4211 fl
9 '8
recently been organized:
I
* -SX® -
Wi-i -'a
National Banks.
IVods BUl>.
W SH'IH® - »«» -!««• -|1«»««>! e3«8W«S
Aug. S 8MI«V(« -|2«» -|S a -.SM»3 2H%8 3)0 *
» S t»tt -.8 e-SM« -3 ASMS «3H3 esw
1'
3
«3 3
&
971,8
9711,
Tkur$.
dPommevctaX aud mtscellaujeaws M&xt 8
JulT
••
Phlladelplila
421.J
130?i
55 >a
5513
Reading. 24^8
S'ew York Central
llO^H
Pennsylvania
\
42",(,
Interest alltnreii
ratet.
Aiili
Four
I
1(1
as follows.
Joint
*V)iir
Stock
Three
Six
Mmit1i>\ilonUu\iloHthi^ ilmitht Months Montht Banks.
nrrt
"
42 5-18
4SW
o>.
darsllTar
Bar silver, contalnIngOgrs. Kold.oj
S
77
4.
d.
(Old. contain'!
MdwUiilTer..oi.
Aug.i».
Irf>ndon StaniarA.
d.
I.
9
11
(old,fln«....oi.
ilu9.S9.
d.
1.
Wed.
Tiies.
427,0
Silver,
Tlie quotalionx for bullion are reported as follows:
OOI.D.
XUX.
[Vol.
Eusllsh Financial .flarJceia—'Per Cable.
cd to
l'ii.T.
^lu.
1
THE CHRONICLR
332
111'.
.
:
NEW
1887.
1886.
For the week....
f,-),491,170
Prev, reported..
210,342.788
Total 36 weekf
YOUli FOR THC
1
,'120.899]
«.l
207.077.333
WEEK.
1838.
1889.
*5,:!04,272
194,o9D,71.-
230,307,016
^
if7,<t8i.4GT
t;21o.833.9.j^ .f;212.004.2:32;.fl99.S!'1.991 «238.203,113
^The following table shows the exports and imports of speci e
shows the imports of cereal products into the at the port ofij,New York' for^ the week ending Sep t. 7 am i
United Kingdom during the
53 weeks of the season since January 1,5^1889, and for the corresponding periods in
compared with previous seasons:
1888 and 188?':
Tlie following
EXPORTS AND IJtPORTS OF SPECIE AT NEW YORK.
tSIPORTM.
Wheat...
Barley...
0»t«
Peae
i
1888-9.
OWt. 60,4 l.u'.H
18,919.328
1887-8.
'i 1.004.273
19.419,648
1886-7.
1885 •6.
.'i5,l(l«,192
49.7113;.<i08
16,.'i5ll,9li4
17.'«il.(iH«
1«.373,<>.=.2
2.330,114
14.44 4,213
2.9.T8,.iS7
2,.'\2H,812
3.192.tifl,'j
«,'•
.50,905
2,,52.^>,108
14,340
18.332,013
Sl.lS.'S.lSo
H.UOl .•)77
12,020 ,73!l
2,141 .r>(;;i
3.114 ,173
31,742 .71"
16,857,241
14.f)2-
,
,
Beans
Indian corn
Flour
33,211,208
14,4(iU,(!7ti
2.'">,3
wheat available for consumption (exclusive on
Btocks on September 1):
188S-9.
1887-8.
Imports of wtifat.cwt 60.4 31, '.OS
IluiH.rI«of Hour
33.2 1 .r.7.>
1
Ball's of liduie-grown.
36.870,203
r)1.00l.275
18:3.37:613
37.610.487
1886-7.
.'..i.
106,102
1C;«.'.7:^44
3A012,693
1
Week.
Since Jan.l.
'«>**'
1885-6.
49,703,603
14 i.26 3«>
41:^31:397
Total 1889
Total 1888
Tot»H8S7
70,300
1,000
O.IOO
$57,850 $16,317,754
10.0.10 l-*. 708. 9-3
47,-10
0,283.974
$13,075
$4,700,63*
100. V 10
4,0-1x021
17.583.914
30.300
"ss.ibo
1,90:^.0-2
18S8-9.
Wffk. 30b.
Fd.
spflfon. yos.
8rt.
..
,
1887-8.
36s. Id.
SOs. lid.
The following shows the qtiantities
maize afloat to the United Kingdom:
Thii trrrk
Lrmt
of
18b6-7.
188.^-f.
."Op.
lOd.
338.
Id.
wheat
33s.
30e.
flour
2lOil.
ami
qra. l.fia.ooo
Floor, equal to qra:
220,000
i,0OB,.-ro
B2('.00()
21(-.00ii
491,000
,000
161,0(10
t.24,C00
347,£0O
300,000
^•"•''t
Haiir
yr».
Weel:.
areat Britain
Prance
.085
4,771,57.1
Importt.
since Jan.X.'
Situie
Jan.l.
$87,598
598
$311,' •00;*13,56l),02':
160.300
Germany
973
1.075!
West Indies
Mexico
loulh America
A.11
1SS8.
].774.rOO
trtel:
1
Silver.
130,513,537 106,947.405 104,036.129 106,001,367
Aver, rrlcf'heat.
Aver, iirlop nbrat ..
1,401.804
1,849.353
$5 890
270,586
4^,043
119,369
630,842
'i2,4o6
Dfexlco. .... ........
Sontli America
411 other eoiiu tries. .
Jan.l
.Since
$380,634
.\273!
4,235.191,1
ICxfifirts.
?
Week.
$12,349,894
27,711.805
Sreat Britain
France
ii
_j5iiF>plies^of
Import:
Bjcporls.
Gold.
other couniries..
138,0^1
11,901
J.rS2
1,31J|
141.382
80)
9,851
190,602'
110.087
51.508
42.42»
713,817
591),
1887.
1 ,76J
Total 1839.
Total 188s.
Totji)
ia«7
$322.193, *13,907 ,001
S,:-i4x.075|
201,00"
25-'.--.75l
7.'*-<i.ll1ii
*7.847| $1,007,640
4.';52
;,2>
1.07ai
,
0,406
42'.'.-
37
:
.
.
September
14.
1889
.
.
7
1'
!
,
.
THE CHRONICLR
]
333
s
Of the above imports tor tho week in 18Sa $j,9ll) were
American Kold coiti and $1, Oil Amoricaii silver coin. Of the
I'.xports during the same time §57,850 were American gold
New York
7,
1889,
coin.
aa
is
Bank Statement for the week endmg Sept.
follows.
We omit two ciphers (00) 'n all oam s
City
Laan$
Capitol. 'SurpliM.
IIANE8.
UtimM:
LegalM.
Sptcie.
(00« omitted.)
—
Mr. W. T. Tamiahill, successor to the old firm of Itjijuit
Tannahill & Co., is continuing tlie business as lieretofore, witli
oHices in the Now York Cotton K."ccliange Building, making
liberal advances on consignments and giving careful attention
to aU branches of tlie cotton busiuoss.
Parties interesteil in either cotton or banking will d > well
to notice the advertisement of Messrs. Latham, Alexander &
Co. in this issue of tlie Chronicle. Tlxis house has beoa in
business for upwards of twenty vears, having never changol
Bank
JfarotiaatH'
tf«otiaaiCH'
or had any financial troubles in all that psriod.
It has also furnished its friends and customers with c;iniprohensive informaaon on cotton much in advance of wlrit is
done by most commission houses. Messrs. Latham, Alexander
Co. thus merit the patronage and confidence of tti'ir
friends, and invite the corres])oudonce of new ijarties who
desire a reliable liouse to deal with.
Traileamen'e
Otiemloal
Called Bonds.
—The
—
18,46, .50, 74, 83, 97, 149, 158, 150, 199, 300,305, 313, 285,
276. 280, 296, 298, 394.
1,
—
2,000.0
2,000,0
1,630,9'
.'(,0(1(1,0
l,»3.-|,6i
1,000,0
1,000,0
1,000,0
642,8i
2,300,7
300,0
600,0
6,i>4i!o;
10.074. .5,
4.372.0|
y,(J37.(
3637,8
(5.8(i4.3
9.2.">9,o!
3,U02,n
6,297,8
594,8
661,5
152,0
-
l,»8fl.n
213,7
2,084.0
l^rtfunwicli
21)0,0
10(',8
1,339.1
Leather >fanufaot'r8.
jaTeuili Natiduat
Stal« of New Vork...
Imaiicau Kxchange..
Jouiinerce
600,0
620,1
8,437,3
1,372,1
3,997.0
17,338.0
472,4
1,'200,0
3,000.0
i,(io.>,a
5,0011,0,
3,119,1
Srfiartway
1,000,01
1,63.3,9
Xercautlle
1,000,0
PaoWo
422,7
1,500,0
450.0
200,0
700,0
1,000,0
EtepabUo
Chattiam
Peoples*
Vorth America
743,0
334,2
838,2
681,3
250.3
!7a4san
Ifarket
A
Faltoa
St. .-^ioholan
Shoe ifc Leather
Corn ExchanKO
..
.
CtOQtlQental..
Oneutal.
Traders
luiiiorDere' <&
5K.|,0
1,202,6
10.9-25,»
'231.0:
4,210.0
11,077,8
),317,0,
144.5,
2,l'27,S
05;, 7| 28.165,1
601, 2l
4.208,8
353,8
03,4
359,0
8:<5,4
12
383,8
4,333.2
2.027,^i
3,029,0
137,21
l,3i>^,i,3
282,1
2.670.4
1.398,0
2-6,5
2.074.0
3,010,(1
2.499.0,
15.426.0
13.786,1
88.'),';
•239.7,
4.8214
7,8:t2.0
1,012.0
2,815,8
11,609.8
4,977.9
288,6
2,241,0
8 J 3,3
251,6
530.2
947,4
234.81
2,411, ti
4.502..^
16,147.8
2,7h4.0
2,906,1
eoo.o
600.0
750,0
500,0
500,0
1,000,0
1,U«,2
1,000,01
300,01
2'l9,0
S7(i.B
4,600,2
4,292,o
22,022.7
220,3
51,1!
8,806,6
2,8T.\8
11.95B.1
6,11S,S
153,6
2.935,0
3 M,2
5,259,8
86'2,4| 16,687,8
327.7
2,811.0
319,7
'2.818.7
208,2
2,996,3
173.9
4,39».2
122,7
l,K35,l
393,0
3,435.0
378.51
421,1
250,1
297,1
1,0.6,3
221,6
451,0
2.120.1
3,'201,S
484,8
3,847,7
2.847.4
4,082,7
2,0 ; 3.8
2,917.0
0,401.0
207. ti
1,500,0
10.017.0
7.637.0
8, If 3,0
17.4 15,2
5,(:58.K
4!'1,5
258,8
874,9
182,7
6H3.1
1 '2, 6 10.0
017.0
33K.7
271,0
2,lol,0
1,20 J,6
.'i00,0
frvlnff
Oltlaeaj'
s
I
1,440,0
1.1.W,6
370,5
8,794,4
2:)iisi!(i
108,5
1,384,8
300,0,
I
2.0(10.7
20.S,.I
li9,l
•
1,800,0
1,991,0
1.177.0
1,705.0
1,8<3.8
1,074,0
27JJ,3
Traders
S
I
12, '00,01
lt.77:,0|
709,2
l,0il0,0
Drovera'
Jb.
datiover...
—
1,201,2:
300.0
200,0
BatcliBfH'
ICeohaulcd'
following bonds have been called lor
Philadelphia. & Re.ujisg Coal & Iron Company Little
Schuylkill Navig-YTIOX Railroad & Coal Company 20
bonds. S1,000 each, numbered as below, to b3 paid at par Oct.
1 at the office of the Fid. Ins. Tr. & S. D. Co., Philadelphia.
Nos.
&
*
I
1,651,2
2,0.^().()
_
yalUtrku Natinnal
9
2,000,0
Kxch'nge
tf6r4]ianl«'
&
pavment
.,
0\tv
name
firm
...
America
Puealx
—
its
9
Xev York
of
Uiiihittan Co
88
191,0'
832,4
102,6
4.863,3
4,177,1
76«,S
5.51(4,5
6.473,8
1,930.1
2(.sll,S
20 1.4
1,798,7
l,6(l»,5 '23,962,0
2,000,0 2,043,2 20,638,3
Peuiisylvania Ponghkeepslo & Boston.
Regular trains Park
1S7,G
2,082,8
118,1
240,0
111,5
SortU River
2,3.12,2
begin runnin.g this week over the section between Augusta, Sa)t
121,0
1,313,0
144,1
250,0
215,1
River
1,440,0
3.2(ll),0
1,330,4 is.Of's.e 2.820.3 1,996,1 ls,?.79,S
N. J., and Campbell Hall, N. Y., a distance of 41 miles. Be- fi*oartti Nationai
507,3
7,738,0 1,771.0
Jeatrai National
2,000,0
»<74.0i
8,962,0
tween Augusta and Pine Island, 2i miles, the company uses Second Xatioual
223,2
311,0
300,0
3,993,0 1,010,0
4,914,0
281,9
391,2:
its own track, and between Pine Island and Campbell Hall, 19
750.0
5,412,0
653,0
.Vlntb ^fatlo«al.
5,380,»
600,0 6,157,4 21,791,7 3,061,7 2,279,4 21,321,0
miles, its trains are run, under a traffic arrangement, over the ?lr9t National
«i,970,o 1,071,0
833,2'
248,2
fhird .Vatiou^l... ..
1,000,0
7,622:0
Pine Island and Montgomery branches of the Erie Railroad. » y. Nafl Exchange
200,8
132,0
1,376.2
10.J.8,
300,0
1,253,4
397.(i
2,501,0
493,3
100,0
250,0,
2,577,1
The new line's eastern connections at Campbell Hall are witli BDwery
157.6
2,679,5
630,0
119,3
Sew Vork County
200,0|
8, 109,^
4
the Poughkeepsie Bridge roads, recently consolidated under 3ernjan-Auierican
219.9
131,11
2,783.5
'23,
750,0
2.31)3,9
9.533.3 1,407,4 1,612,9 11,329,6
679,7
600,0
the name of the Central New England & Western Railroad, Jaase Xational
91'2,7
107,(1
731,3
3.893.7
Kifth .\veijae
100
4,11'J,3
with the Ontario & Western Railroad, and with the Orange German
38>iO
2,931,0
186,0
033,7
Exchange... . 200,0
3.316,8
ial.O
18S,6
26'5,8
2,610,5
200,0
County Raili'oad, now in course of construction from Grey 3ermaaia..
3,021.5
517,7
4,437,8 1,311.7
32,0
5,3J9,5
Taited states
500,0
court. The western connection at Augusta is with the Sussex
•231,3
3,033,3
627.9
Uncoln
300,0
294.5
3,709,il
branch of the Delaware Lackawanna & Westei'n Railroad. :iarileUl.
280.7
3,044,2
200,0
470.9
230,0
3, 140,1
19'2,3
150,0
238,3
269,6
National
1,672,0
1.831,9
The section between Augusta and Swartswood, ten miles, is Filth
Bank of thoMetrop..
474,4
•246,9
300,0
3,949,4 1,02'2,6
4,669,1
nearly finished, the section between Slatington and Port- Vest Mde
20l),0
231,3
432,0
2,172,0
307,0,
2,566,0
127.5
3,311,0
4.2"28,0
600,0
578,0
572,0
land, thirty miles, is also nearly finished, and the two great iron 9.iaboar'
S'xth National
82.5
200,0
1,9 SO,
385,0
1,S0,0
2.001,0
bridges across the Lahigh at Slatington and across the Dela- We Item National
2il,5 10.918,0 1,2S9,8 1,'j51,4I 10,153,5
3,500,0
ware at Portland more than half built. This leaves a gap of
Total ....
.!60.762.7i54.630,1.406.ar2.3'7(>.478 3 37.7S?.l 42l.37'2.l
about ten miles between Swartswood and the new Delaware
briilge at Portland, which is to be temporarily filled in by a
Survlits.
Baxks.
Loarw.
SpecU. Lfgnlt. De»osit«.-*nT.')>i clearinatm
tiafhc ari-angemeut between tlie new line and the New York
S, York."
$
Susquehanna & Western Railroad, with wliich it connects at Aug. 10.... 113.393.8 414,54.-),8'72,.38a. 42,,330,6432,001, I 3,915,2 385,599,0
.
1
1
Swartswood.
Under the arrangements indicated the new road expects to
begin running tlu'ough passenger and freight trains over its
entire route between Slatington and Campbell Hall before the
"
17.... )13.39'2,3 4 I.",980,0 70.022, 40,,911,(1430,323, 53,873,7 600.525,3
"
24... 115.31l^2.8 412.488,9.67.6(15, 40,,159,(1122. 794, 3,870,2 6'23.78.%7
"
31.... 115.392.8 406.211,9 69,378. 10,,061.8,419,399, 3 3.923.5 026.889.1
Sept. 7
116,092,8 406,832,3 76,478, 3 37,,792,1 424,572, I 3,964,5|627,373,8
ttoHton.'
Aug. 24 ..
•
close of the present year.
31
Sept.
Wasrner Palnce Car Company.— This company, for the
quarter ending June 30 last, including all the business of the
company in sixteen States and Canada, reports: Gross earn-
•
Sept.
•
lie
I'uiteil
States
SahTreasnry.— The following
table
34,787,3
3.;, 132.3
31....
7
We
miiii
3.1,132,3
two ciyherun
Balances.
I
Reeeipl*.
Payments.
Coin.
I
Coin
Ccrl's.,
Currency.
I
'195'.j
America
Am. Kxch... 158
.4»buiy Park
Bowel y
260
Broadway ...293
Butchn'Ji
Central
I),-.
CUase
1
fijpt.
•'
"
;
P
10
" 11
••
"
Total
12
13
..'
20,.').")4,r.07
Ch<-mi(al
4000
20,43t;,'<75
2.!(31.411 l.-|.-),075.461
2:^,!tl9,(j25
20,483,403
City
Citizens*
?,070..lrj7
2.0hL>,7 83 15.--,14«,^2'2
24,1101, i;9
20,41«,'->21
185
180
175
3,14!),932
2,961,4.581
.•','210,».iS lf,.'i,2-l'',';09
24,851,i:71:
20,307,r).5.-|
18,tl2,1!)2'
l(!,t(i3,2i)4
:
Sharct.
100 X. Y. it Harlein UK. Co. .2.55
96 City Nat. Bank of N. Y..500ia
IP lienesee S.ilt Uo
25
Wi Fior. Ky. A:Nav.Co.,i.f(l.*.55lot
C .ManhattauCo
17n'i l>03
(U-.
do tom..'^171ot
150 Wi .s-cliB.-ter Fire Ins. Co.lHo
BnnttA.
4 IIoiiic Ins iraiico Cii
143
$1,000 Trenton 6,s. Volunteer
254 M>M-i;h!iiif.s' Nat. Biink of
Bounty Loan, 1807
110>4
New York
1,57>2-1.=)8
g-tulUtun
SPE.\€ER
IVox.
16 anil
N. V,:
TKA-VS.iCr
A
TRASK
IlANKKftS.
Broail street,
18
.SAKATOCA,
4JICNEUAL
N. Y:
&;
iAly.
BANKIXO HI
K.
I.:
SIXES!*.
and carriwl
B(js:<.'u and
9-'.23.,
62, 07,7
62,030,4
20,0;<5,(
98.049,
t luciLdlng. Xor
|270
302 i-j Greenwich..
140
Hanover
|3C0
Hud. Itlvcr. 1112
174
132
ITourtli
169
aallatin
280
Park
People's
ns
'240
j215
140
Pheuix
Produce Ex. 1113
.Mechanics'.. 200
M'ohs'*Trs'. 1200
Mercantile.. 205
Seaboard
Second
Seventh
135
Shoe&Leath. ;i62
250
Sixth
1
St. Nicliolfts.
i
123
15
.
.Murray Hill. 200
162
New York... 243
Nassau
201
I
State of N.Y.
Third
Tradesmen's.
United St'es.
Oential (..'rcsstowu— SL-"k..|]40
Ist mort., 6.S, 1922
1116
Cent. Pk.N.Jt i;.Hiv.— Stk. 101
Cousol.^. 7s. 1>J02
[118
Ch!lst'ph'rJtlothSt.-Stk.'l'26
Bonds. 7s, 1898
114
LTy Dk. E. U..t Bat'v— Stk. 120
l«l mort.. 7a, 1893
1108
I
30
116
105
U.
!
ll
1)
Side.
145
155
iso"
100
lis
130
101
220
""98"
123
!248
—Brokers'
City Railroad Securities
122
112
P5
200
Wesieni
Wobt
143
117
1175
jl39
1325
Ueliublic
Bl'ckerSt. Jl fill. !•. -Stk.| 28
l9tiuort..7s., 1900
|H4
Br'd'»av <S 7UiAv. •St'k..il90
lat mort..6s, 1904
ll'JO
'103
2dmort., 6s, 1914
4
Flma
Bin
-MadiMoll 8(1-
.Metropolitan llHl
Metropolis... ,350
Mt. Mollis i200
170
BAr^KS.
Paeilic
Merchants'.. 155
MercirtslSx. 12(1
Piflh
250
fifth Are... ilOO
First
2000
I4th Street.. 160
6(1.083
N.Y. County, isoT
N.Y.Nat.Kx. 127
148
Ninth
.N
A niorica- 182 185
North River. 140
Oriental
210
lti7
110
.Manhattan... 175
Market* Fnl 200
•im
74,13«,iJ
UvSton and
560
250
l.iiici'ln
190
R
172
150
128
2.50
Ini.&Trad's' 340
Irving.
180
Leather Mfs' 230
ll.i
1
um. Asa.
400
11 '22
145
7'2.1'-'4,2
— Latest prices this week.
..
'
PRO VIDK.Ni IK,
2.-),645,(
2,130,0
2,132,0
2 131,0
GeriDania.
'
\ew Vork
Allclaisciiof .'^ecurlilo.s Bought ant .8oUl on C.unailaslon
«n -M irjlm. Direct Wirj to each ollico and to I'liiladeliiliia,
CUloago.
Columbia
Commerce... :9V
List
biH...1924 104
Boi(il«g(iar.,5.t, 1903
92
Brooklyn City— Stock
KiO
lit luort., 5s, 1902
|103
BKiyi.. Crosstown— .'5ti>c;i 1 93
1st inert.. 7s. 19t8
[108
Bushwk Av.il!klyu)-St'k 14ii
CO„
98.106,
*>ANK«,
Bway Surface
and FA aaucial.
2.3,160,(
German Am
German Kx
Commercial.. 108
Ciintinuittal
29
Corn Kxch... 230
'St Kiver..
lltii Wai-d...
at auction
71.096,8
Gartlcld
....|300
2.2.W.1S1 loo.Xifi.lisl 22,734,6.56
2.G.J.J.80-' l.'i3.0.">2,7Ifl
33,95 ",436
20,ll2,ti33
198
100
102
'2.i0
Chatham
2.962,H70'
Auction Sales.— The following were recently sold
by Messrs. Adrian H. MuUer & Son
ALBANY.
180
142
2.20S).944
.^,«98,0S1|
3,3U3,153 15.5,25!),323; 24,»i71,4bB
2,530.5
2,532.9
2,496,1
1
4, 499,4
all these figures,
Bank Stock
mu
I
Date.
99.975,0
99,532.0
99,559,0
132.609.
131,713,
131,647,
4,,7'28.1
4.705.8
phla, the item
Item '•due
•due to other banks.''
banks
Ban k».
shows
the receipts and payments at the Sub-Treasury in this city, as
well as the balances in the same, for each dav of the week.
7-...
Phlla.Aug. 24
ings, 8704,798; expenses paid, $545,418; operating cost, 77-3 per
cent.
I
65,125 3 134,994,1 10,783,(
85 544,9 154,415,9 10.704,f
65,344.9 155,210,5 10,565,;
...
Quotations.
KB. it B.— ScnpOs..
105
142
105
Eighth Av.— Stock
Scrip, 6s, 1914
42il & (iriid St. P'ry-Stk.
110
Isl mort., 7s, 1893
42d8t. Mauh.Jt St.N.ATe, so
116
l»t mo t,, 6s, 1910
il
69
2d mort-. Income, 6s
Houst.W.St.t I'.f'y-Stk. 165
I:
1C9
l»t mort, 78, 1891
8i
Ninth Ave
>.il
li.0
Second Ave.— Stock
]( 5
145
istmort., 5s. 1910
Sixth Ave.— Stock
1163
ll'3 II
105
1st mort., 78, 1890
121 liThird .\ve.-Stnck.
243
1102
12'J'-j
Bonds, 7s 1890
116 (Twenty .third St.— Stock.. •225
123
l8t mort., 7s, 1803
lOt!
,.
109
XoS
[150
110
,108
I
106
106
95
162
106
200
110
ll
I
<
;
j
I
I
I
I
40>s
llfi
62
110
90
101
HIT
175
10«
liol".
104
230
110
—
:
:
THE CHUONICLR
831
The
'ght gaukers' ^a^jette*
[Vol. XLIX.
rates of leading bankers are as follows:
Seplembfr 13.
DIVIDKNDSi
The followlnK <ltvl<leud8 have recently hccn anno iinceil
—
, „
Wami
or Oompanr,
Chlea«o
Mil.
* M.
;
i
Conniwtirnt
iqnar.)
;
Simbiirj-
Sent
2fi
Sept.
1
i^ept.
15 Oct.
l"*
Oe>.
Oct.
Oct.
l>al>ds.
Oct
2>9
3>s
Oct,
Oct.
Oct.
Sept.
3
IO«r.
m
Ml^-....,, .,.,„...,.,. ,r.i
1
NBj>h rhffltu AM. IxiulB (quar.)..
New Castle A- HcftvcrVal.(quar.)
Pltlo. Yomiiw. A- Ash., pref
Lowlstowu
lumiraiioe.
A-
Bookt Closed
i,Dai/» ihc'vaive
21 Oct.
2%
,
When
PuyaA/r.
Oct.
2
•
HI„:
I
1%
pn-f. iqiiar.)
Iflvi>r inuar.)
'' • CO. (Qitar.)..
I.,.l
I
2»s
Pmil, pref
CWciNorthwei'l'n.
Orr-'-'V
PW
cent
t« Oct.
21
tx>
-
14
1
1
15
10'
Sept, 21 to Oct.
1
25 Sept. 15 to Sept, 24
1 Sept. 10 to
1
[
1
\
Jefferson
5
miK-i-llHiiroua.
American Bell Telephone (qnar.).
3
Oct,
l»a
2'a
IVt
Oct
Quicksilver Mining, pref
8«Kar Ki-lln«'i-ii-8 Co. (quar.)
Western Vnlwn Tel. Co. (g uar.)...
.On dem.^
I
„
15 Oct
WAM. STREET. FRIDAY.
Oct.
Oct.
1
Sept.
,,
15
1
1
1
.
to Oct.
8 to Oct.
I
1 Sept.
20
to Oct.
15 Sept. 21 to Oct,
Sept. 13.
1
SS9.-3
I'.
4 89
Bremen
(reiclimarka)
I
17i-2»5 lOTg
40l4«405,g
95>4n95a8
94%iS94''e
To-day the rates on actual business were as follows, viz.
Bankers' 60 days' sterling, 4 84^-^; demand, 4 881.^. Cables,
4 89. Commercial bills were 4 83J^. Continental bills were:
Francs, 5 205^'(a'5 20 and 5 17i>^(a.5 lOJg; reichsmarks, 94?^®
and 95»ica) 953s; guilders, 40cd!40i^ and 401.^(9 403^.
Tne following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
943ir
158cpt.llto
Sept, 17 to Oct.
15 Sept, 21 to Oct.
Pemtniil.
I
I'rankfort or
)
6
Sept. 26
H
Ih to -— —
2 to Oct.
fixty Days
Prime h.inkors' Btorllng bills on London..
4 SS^
'4 83'2®4 84
Prime commercial
'4 93i2*4 84
nocwniciitary commercial
I'luls (francs)
'ft 200s35 20
.Vnisterdam (Knildcrs)
40',i5n4O%
.H.
2
9
^
@
selling
discount
par; Chai-leston, buying
discount, selling par; New Orleans, commercial, §i 2.5
discount; bank, par; St. Louis, 40c. discount; Chicago, 40c. discount.
'4 discount,
1^
—
United States Bonds. In Government bonds little I>nsiness
done at the Board, and prices remain firm and unchanged.
A sale of §10,000 cuiTency 6s of 1897 at 123?^ was reported on
Tuesday. The offerings of bonds to the Treasury have been
much smaller than in recent weeks, but the Secretary has ac-
is
cepted
all
that
came within
the limit of prices
—a
total of
and Financial Sitnation.— The 8560,600 for the week.
The statement for this week is as follows:
distinguished by mucli strength at the Stock
Exchange, but the volume of business was relatively small
4 Ptr Oentt due 1907.
4H Per CmU due 1891.
to-day and prices were not maintained at their best figures.
Ogeringt. Purch'M. Pricea paid
Purch'M.
Prices
Offeringi.
paid.
The severe storm has had a somewhat depressing effect in this
»a4.ooo
128
t65,400j
t55,400
immediate vicinity, but in other parts of the country, West Satorday ...
6S.050
6,500
68.050
128
6,500
Monday
and South, the weather has been good, and this counts for Tuesday....
163,500
112,500
66,850
16,350
123
1-38
as.ooo
23.000
300
much at the present moment, when each additional day of Wedn'aday.
9.aoo
202.600
208.600
125
9,800
Thursday...
clear warm weather means a good many bushels of mar ket16.000
46,100
2f,100'
128
Friday
16,000
able com added to the already large crop.
143.950
534,950
461.650
128
95,950
ToUl.
The outlook is conceded to be good, and the main question
Tlie closing prices at the N. Y. Board have been as follows
among conservative stock operators is, whether the rise
which has already occurred is as much as ought to take place
Sept.
Sep'.
Interest Sep'.
Sept.
Sept.
Sept.
Periods
U.
12.
13.
7.
9.
10.
It often happens that the stock
under the circumstances.
market will drag on sluggishly for months while the business 4148, 1891
..reg. Q.-Mcli.'*105?» *105% *105\ *1053i 103% *105?i
conp. Q.-Mch. "lOS^ *105% '105^ 'lO.'jai 103% '105!^
situation in the country is all the while strengthening, and 4^28,1891
I27i8 *127
1*127
*127
127 *127
4s, 1907..
reg.
Q.-Jan.i*l27
?. Q.-Jan.
.1*128
128>8
coup.
128 *128 n2S
128
Q.-Jan.|*12J
then in ten day's time prices will boom upward and the whole 4a, 1907...
p. <3.-Jan
118 *118
,T.
&
J. *113
*llc
118 *118 'lis
tis, cur'cy,','95. ...reg. .1.
rise warranted by a six months' improvement will be accomp- 6n, cur'ey,,'96.. ..reg- .1. & J. *120
120 ,*120 ,*l-20
120 •120
123
123 *123
123^ *123
68, cur'oy,,'97.... reg. J. & .1. *123
lished within a fortnight.
126 •126
126 *126 ,*126
6s, cur'ey, '98. ...reg ,T. & J.;*126
While crops are very large, giving excellent nrospects for a 68, ciu'cy; '99.... reg J. & J.;*l-29
129 '129 ,*129 *129 129
This is the price bid at the morning board no sale was made
heavy freight movement in 1889-90, and railroad earnings are
remarkably good, as shown by the current reports, it is to be
State and Railroad Bonds. The sales of State bonds have
observed that several of the special stocks lately prominent in been rather limited, as usual, including the following: Arkando, class
the market are depending on certain matters yet to be accom- sas 7s (L. R. & F. S.) at 8; Alabama class A at 10S}i;
The Money
week lias been
Market
I
.
..
ow
:
\
j
St.
'
;
—
Among these we may mention the Northern Pacifies, B at llOJ-^; Tennessee Settlement 6s at 105; do. is at 73?|^@
dependent to a considerable extent on the new financial 7433; Virginia 6s deferred, trust receipts, at 9}i, and Georgia
scheme of Mr. Villard Philadelphia & Reading securities 7s gold at 104.
There has been a healthv and growing demand for railroad
apparently rising with the hope of some sort of an anthracite
week and tlie market is firm. In some cases
coal combination Atchison stock, dependent largely on its bonds all the
fall earnings
the Southwestern and gp-anger stocks all hang- there has been real buoyancy, notably the Reading incomes,
ing more or less on a better settlement of the vexed question which advanced quite handsomely on the development of a
foreign demand. Fort Worth & Denver Ists have also advanced
of through rates.
The open market rates for call loans during the week on several points, and Denver Western 1st trust receipts, after a
stock and bond collaterals have ranged from 21-^ to 5 percent, further advance to 95, reacted a little.
and to-day the rates were 83>^@4 percent. Prime commercial
Railroad and Miscellaneous Stocks.— Business at the
paper is quoted at 5^i&^% per cent.
Stock Exchange keeps up well in volume and the bullish sentiThe Bank of England weekly statement on Thursday showed ment is still in tlie ascendant, though there has been a little
a gain in .specie of .£49,000, and the percentage of reserve to more sensitivenes.s, and a reaction in some stocks was to be
liabilities was 42-29. against 40-83 last week: the discount rate expected.
But these have not been conspicuous, and while
remains unchanged at 4 per cent. The Bank of France lost there lias been a halt in the upward course of some of the
225,000 francs in gold and 97.5,000 francs in silver.
prominent stocks of the current bull movement, others have
The New York Clearing House banks in their statement of taken their place and the general market has been strong.qirite
September 7 showed an increase in surplus reserve of $3,336,- a number of stocks reaching the highest prices of the year.
600, the total surplus being ^,127,375, against $4,790,77.5 the
Tlie action of the St. Paul Directors on the cjuestion of tliediviprevious week.
dend was awaited with interest, and the div^idend was declared
Tlie following table shows the changes from the previous for the quarter at 2}^ per cent, making 7 per cent for the fiscal
week and a comparison with the two preceding years in tlie year ending June 30, leaving a handsome surplus.
averages of tlie New York Clearing House banks
The Northern Pacifies and other recent leaders of the market
have given ])lace this week to other favorites, the leading features having been Louisville & Nt^shville and Missouri Pacific.
1880.
T iff r'nc't fr'm
1888.
1887.
Hem- 7.
Prev Werk.
8eiil. 8.
AV^(. 10.
Louisville & Nashville has had very strong support, and has
been active all the week, with improving prices on reported
$
Ijondon buying. Richmond Terminal has been more active
ao.7ii2,700
Ual
60,752,700!
jna»..
.>i4.<!:)(i.l00
49,fi60,(i00'
....
than of late, but irregular and little changed for the week.
lAans and dlne'to. 40<i.M;iL>,:too Inc. .=)i)0.400 392,741.700 347,4 l-i.odn
The Southwestern stocks, particularly Missouri Pacific, have
g"**"';7<i.47s.:iOO Inc «,899.,^00 7*<.s(i3.400 (W,1'20 4CKI
been active and higher. Atchison also shows a shght improverareul.iilon
3.!((i4.-i(io Inc.
41,000
7.k.-.:!.o(mi
k,iih >0(I
Net d.-iMidlta
ment for the week, though sometirries reacting. The coalers,
424..57-.^.l(K) Inc .5.172,800 407.371.900 342,837.500
Legal fenders
37,792.100 I>ec.2.269,700 34..aif>,700' 21,743,300 with the exception of Reading, have not been jiarticularly
I>e«al reserve
10(!.143.C25Ijic. 1,293,200 101,842,9751 85,709 375
strong, but Reading has been active and higher, with a good
Beierve held
114.-270,400 Inc.4,6'29,800 ll3,(!89,10ol 89.803,700 demand for the bonds and stock from London, and a reported
pool ill the stock here. The grangei-s have been firm to strong
Bnrplng regerve..'
a.l27 ,375 Ine.3,330,600! 11,846,1 25
4,l54.32.'j
most of the time, with Northwest leading. The Vauderbilts
Exchange.— There has been a fair demand for sterling ex- have been more active and generally strong, with Michigan
chanjjc, e.specially long bills, and the m.arket has been
pretty Central in the advance.
firm all the week.
A good supply of commercial bills, esThe trust stocks were generally dull until the latter part of
pecially cotton. h.i.s been oirering, but they are
readily the week, when Cotton Oil and Lead made an advance, the latal)8f,rl)ed at full prici's.
The posted rate for short sterUng was ter on a denial of the rumor that the stock had been increased.
a<lvanre<l '^c. early in the week .and later a similar
advance
To-day. Friday, the market was less active, with prices
was made m the long rate, Do«ted figiu-es to-day being
barely steady. In the late dealings Louisville & Nashville
a 4 8.5i<
/
^i
and 4 89.
was the feature, advancing to 77}^ at the close.
plished.
;
;
;
:
I
!
I
!
,
..
..
..
Septembhk
THE CHRONICLE.
18e9.]
14,
2
13
:
STOCKS— PIUCES AT
N. Y.
335
STOCK EXCHANGE FOR WEEK ENDlNtt SEPr.
13,
HIGHEST AND LOWEST PRICES
STOCKS.
KK.
At'tlTc
Fe
Do
Chicago Milwaukee &
Sept. 10.
Do
35
24I2
661a
4114
108\ 109:% 109 14
45% 45
102
10m!l02
45
102
07
41
ib'-ii^ ioi'ib
1431.2 llSiSg
103.'8 104^18
•13
15 12
*35
38 12
35 12
35 12
1001-2 101
73I8 7434
lOll^lOlli!
Deuv. Te-t. & Ft. W., Vot. cert.
East Tennessee Va. & Ga
I514
•38
18%
IS'b
I50.'.s
149%
23''s
2378
•231.2
Do
lOo^e 106-J8
93% 93%
& Texas
18%
69
39 14
68
391-2
8 '8
•82
109
& Pacific.
Stocks.
Chicago Gas Trust
X 59% 5979
Colorado Coal Jc Iron
33
34
Consolidated Gas Co
*87ia 88
Delaware & Hudson Canal... 1545r 155
Oregon Improvement Co
'5312 5512
&
pref.
„
90
94
Navigation Co., 101 '4 102
Pacific Mail
!
Pullman Palace Car Co
Western Union Telegraph
1
as
86%
lOxpreoii StorkM.
148
*116
'yg
*iss
United States
Fargo & Co
liiaciivc Slocks.
Wells,
Do
Bait
do
I
pref..
Denver & Rio Grande
Ro
do
pref.
Houston A Texas Cen tral
Iowa Central
Do
prof
A:
Pembroke
151
118
90
142
Ann
Arliru-
&
Columbus
A:
I
3414
23
48
23% 24
23%
18 '«
Tennessee
C<»al A:
...
Iron
Trust siofkK, &c.
KiBtillcrs'
Pipe Line
'
Ciiiilc F. Trust..
a tl li- Trust
Certltl(^a tea§
,V
(
63=f
217,
641.
21%
64%
17% 181.1
33% 34
33%
7214
727,
7278
31%
8838
29%
58% 59
31% 33^1
88% 883.
5314
32-%
117
90
142
15
600
*,53
151
118
•89
140
139
139
130
130
127
127
61
41%
14%
34%
45
153%
54%
94
103%
35
180
86%
*143
113
151
1
•138
142
•127
130
1%
1
3,776
2,010
I
45
ni tie at
the Board,
1
Ctsh
sale.
15
77
i
25
Jan,
36%
34.34
34%
21%
'20
21
40
45
45%
11
667s Jan.
1
7%
Aug,
%
1
1,ll5i
15%
3,726
1,750
•I214
120
40% Jan. 14
95% Jan. 18
111% Sept 1»
23 Jan. 14
67 14 Mar. 4
18% Sept 12
34 14 Sept.
7378 Sept.
30% Sept.
9
12
12
Juno 7
36% Feb. 11
92% May 28
156 Sept. 6
72% Jan. Itt
62
Jan. 30
10334 Sept. 13
40 Feb. 7
20534 Feb. 11
107%
88% Juno
26 140
Feb.
ft
4
June 8
Juno 5
June 18
Jan.
30
3
July 18
3
3% Juno 2S
18% Sept. 9
18
31
52% Sept 12
2
21%
Apr.
11 13%
5 10%
18 29 '4
4 32%
7 265
21 13%
15 50%
9 3478
21
15
31
.Tan.
Jul.v
28
26
35 14
217fi
Feb.
2
Jan,
:3
46%
Sept.
e
13% July
27 Jan
360 241% Jau.
June
500
400 44 Apr.
3,867
3,450
1,850
1,210
12,470
2
114% Jan. 12
.Mar.
Mar.
Apr.
Apr.
Mar.
Jan.
Sept
81 125
3
1
8131 June T
104% June IS
30 June 12
15 144% Jan. 2 153
51 109 Jan. 10 12OI4
212 73% Jan. 4 95%
25 134 Jan. 19 140
8351
724!
Sept
5
28 14 Feb. 13.
50 Jan. 15.
27% Feb. 13
Apr.
Apr.
Apr.
July
-Mar.
12
i04% May 17
Apr,
Jan,
Jan.
Sept.
Sept.
7878 Sept.
2434 Sept
56
Jan.
334 171
2
11
35 14 June 12
19 Sept. 12
56
31%
4
Feb.
26
53% Juno 25.
19% Feb. 7
9% Feb. 12
.Ian,
.Mar,
35
11
Jan. 14
Sept 12
July 1
4434 Feb.
3078 Sept
7134 Apr.
47%
75
Sept.
May 27
May 2»
102% Sept. 12
110% Feb. 2
19% Fob. 4
Jan,
Apr,
13,730, 83
II4
3478
107% 107 109% 108% 109% 108
24
23% 23.\ 23% 24% 24% 25
51% 5078 52% 51%
51% 52% 51
•67
•65
65
70
•67
70
70
•41%
44
44 '4 '44% 46% 43
44
*15% 16%: •15% 16% 15% 16%
98% 99-^< 98% !»f)U 9S%
9334 100%
107
14
78
Mar,
58%
1
-20
11778
7 % Apr.
3034 .Mar,
1414 July
9,182 34
13,160 21
2,106 80%
3,172 130
lOl 4214
113%
89% 90%
90%
1%
7578
214
2%
2%|
18% •1314 19
52%1 517a 5214
-1% l%i *li4
1%
•9
*834
9%
10
•23
23% 25
25
•31% 32
32
32
259 265 '260 270
•12% 13% 1213 12%
"46
49
47% 47%
3334
33
33% 34
2%
94
95
Mar.
66% Sept,
34% July
25% July
80i>
4,050
25,717
63,099
6,550
5,967
9,938
t
90
•1
96% .Mar. 4
77% Sept. la
49% Mar. 8.
109% Mar. 4
15%.Iuly
1
19
12
107% June 12
9034 Jan.
56 14 Jan.
3714 Jan.
90 Jan.
64%
Sept.
Sept.
1
25 14 Juno 14
97 Mar. 4
7% Fob. 8
118 Aug. 9
20% Aug. 9
06 14 Sept. It
Apr.
Jan.
3% Aug.
1,600
55% 56
32% 3414
I5414 I.5414 153 14
148
117
IH
11%
76% June
Jan.
Jan,
8
1,975 8178 Jan,
4,931 10478 July
69
IS '4
52
•16% 17
98% 100%
no sale
33%
88% 88%
151
117
20%
43% 46%
;
73,975
58% 5334
32% 33 '4
89%
89
59
118
117
'89
140
n%
77
860
•90
94
102%^ 103%
35
180
180 180
86%
86% 87
151
26%
15 Jan.
3 '4 Jan.
84%
Feb.
103% Aug. 12
28 14 Fob. 7
151 Sept. 6
July
July
11
400 51% Jan.
445 91% J.an.
800 10 June
I914
7478
52% 52%
35%
«
6
May 23
101% Sept. 9
77% Aug. 2©
1934 Feb.
37
Mar.
1934 Mar,
24
21
5578
49 Aug,
56
55
28% July
35% 34% 35
July
1,52(1 20
23
23% 23
48% 47% .1773 183,650 4314 July
24% 21
24% 46,598 19% July
82
1,498 76 Jan.
82% 80
75 93 Jan.
99% •9914 100
930 19 Apr.
27% 28
2314
2,285 53 Mar.
62
62% 62
210 104 Mar,
111% 111 111
*31
100 24% July
32
34
•82
87
31% Aug,
87
110
108% 109% 11,939 92 Apr,
2II4 21%
5,660 17% Mar,
2 I ''8
40,825 50% July
6478
64% 65
4,270 12% Jan.
18% 17% 18
34I4
33% 3378 30,995 24 Jan,
7378
73% 73% 3,422 59% .Ian,
13,325 21% July
30% 29% 30
•90
102
94
20
These are prices bid and osked
18
29% 30
9%
24%
32%
44
61%
*31
*83
IO914
34
88
109% :io
155
55
(Unllst ed.)
Suirar Refineries ro
10314108%
SatloiKil I.i-ail Trust
24% 2414
American Cotton Oil Trust. .
.52
52%
Southern Cotton oil Co
"67
70
Ameriia u
24
82 14
99 14
27
01% 62%
49 14 49 14
4
4
9
*24
47=8
'31
•84
2%
18%
I
1
35:
55
•19
19
55% 56
3414 35%
75% 76%
24% 2i%
19
06
111% Jan. 15
49 14 Aug. 12
10734 Aug. 13
75 14 June S
117
May 24
11478 Sept. 12
144% Sept. 12
104% Sept. 9
42%
134% Apr.
1,056
9,718
95
50% 50%
18% 19%
•8% 8%
34% 34%
19 14
8% 8%
34% 34%
86% 87
•148
117
90
•138
43
98
2,370
15,515
12.760
1,134
1,017
•39
2934
58%
138,340
71 14 7II4
110% 112% -110%
.58%
75-%
•1414
39
968
94
77%
,050
61 ,663
19
55
35
76
24
56
18
180
98
30%
2,912
93% 93%
*91'4
Mar,
Jan,
Mar.
Feb.
July
117%
2o0 106 Feb.
20% 4,097 16 Jan.
65% 13,525 51% ,Ian.
106% 33,294 9934 Mar.
39%
30%
1834
17.'a
33'>8
•178
7578
•40
Mar
.Ian,
63
20
50 86
95%
,-4
15
18^
64
102
'94
78
51
21%
102
35
11
76
2414 24 14
93%
71
64i
*53
•90
25%
39%
•32% 33%
N. .M
Hocking Coal
25 14
11
76
•3914
30'
Hart. 253 2,54
Ohio Indiana *V Western
13% 13%
St. Louis Alton A: Terre Haute,
48
48
-33
Southeni Pai'illc Co
34 14
Tol.
147% 148%
is9'
81% 81
99% 100
87
11
33 14
18
14
33
1,100
3,880
1,127
12,326
3,784
1,510
83,190
14,252
0,444
1 ,520
3,923
70
•23
1V78
II4
'i^n
*2i4
32
Ncw^ork New Hav. &
18
98
18
75%
23%
54%
34%
126I2I26I2
A:
101% 102%
77%
42%
50%
21% 2Z
33
88
154
6078 .Mar. l(i
Feb.
Mar. T,
700
S
36% Jan. 16
26% A.i(r. »
69% Aug. »
42 '8 Aug. »
8i»7„ Miir,
114,695
101%
109%
17%
28
59% 59%
86''8
*
American
Kinifslon
s.-i
177I2 180
Adams
Cliicago & Alton
Cinciunati Wash.
74% 75 '4
75%
69^8
55
35
34
72% 72
30
30
Wheeling & Lake Erie, pref.
Wisconsin Central Co
Oregon R'y
39%
18
3978
8%
15% Mar.
56% Feb.
29% Feb.
2,111
102% 102%| '100
109% 109%
109
17% 17% 17%
*09% 70
69
8% 8:
34% 34
28
1
41
IOII4 >100% 101 14
30% 3034
71% 71%
50% .1114
•I8I4
62% 62%
pref.i
Do
29:'-!
•110% 111%
•31
34
pref
ITIIhceltaiiooiiH
39%
29%
81
28
...'.
& Manitoba
Louis
*l!9
24%
81
pref.
St.
70
40
•9914 100
Istprel
Do
29I4
30
77 14
23 '4
55 14
2414
pref.
Pacitle
Pacillc
Wal)a8h
39
ni%
35 '4 35%
23% 24
47 14 47%
<s
Union
70
39i<2
77
8'V
76%
23%
53%
66%
109
45
94%
115%116%1 115% 116%
12.^8 12%
12% 12%
95
18%
54% 54%
RomeWatcrtown&Ogdensb'g
Do
•16 14
16%
39%
9-7
18
Peoria Decatur A: Evansville.
Phila.& Kead. Vot. Tru.«t. Con.
Richmond&West P't Ti rminal
Paul Minnap.
9214
34% 34%
& Mississippi
Oregon Sh. L. & Utah North..
Oregon & Trans-Continental..
St.
91%
18% 18 14
Ohio
Texa.s
99
43
99
76I4
•40
•97
9314
51 14
51
35 14
St.
75%
69%
29% 29%
68% 08%
29 »4
prof
Do
Do
7478
108 '4 108%
18
18
Northern Pacific
Paul&Dulath....:
94
15
iSc
Francisco
94
io'814
New York Chic. St. Louis..
Do
1st i)ret.
Do
2d pref.
New York Lake Erie & West'n
Do
pref.
New Y'ork & New England
New York Ontario & West
New York Susquehan. & West.
Do
pret.
Norfolk & Western
Do
pref
& San
74%
•116%117%| 116
20
20% 19%
65 14
65
66
look 106781 105%
•94
94
95
75% 763,14% 11%
101% 102
76%
7514
24
99% 99%
73% 74%
100
10178 102
18
18
14814 49
2514 26 14
11
11%
115% 116%
12%
Mobile & Ohio
15
Nashv.Chattanooga&St.Loui.^
New York Central & Hud.sou, i'osU
8t. l/ouis
40% Mar.
94% Jan.
101
75
•94
West..
Do
775
36I4
35% 36 14 •35% 36
*40
jiref.
Do
14
119
5% Aug,
1
03''8 643?
lOST,, 10614
Michigan Central
Missouri Kansas
Missouri Pacific
Feb.
Sept.
3^.%
. .
<fe
1
120%
3912
36I4
Louisville A- Nashville
Louis. New .lib. & Chicago
Mauhiittan Elevated, consol.
Sh.
Sept
56%
92-% Mar,
33 Mar,
16
19% 19%
pref
Do
70
76%
24% 24%
•94
95%
•4
4%
Lake Shore & ilich. Southern
Long Island
MilwauKee Lake
38
47% Mar,
50% Jan,
1514
Illinois
Jan. 9
Jan. 14
3478 July
200
76
Central
Lake Erie & Western
72.780
114% 115% 115 115
4,008 97
113% 11478 11378 114% 30,920 102%
114% 141% xl42%143
,79,7 135
10234 103% 45,010 89%
102% 104
. .
Higbest.
Iioweat.
Shares.
5,195
10,315
4,680
1,240
4.440
4,880
2,080
19,547
100
74
I5014
25=8
1889.
014
10934 108
4414 44'4 •43
lOlTfl
18''e
1,
697g
5534
109
1st pref.
2d pref.
& Terre
39% 40
014
69
Haute.
Green Bay Winona A St. Paul
Evansville
40%
Raiuto Since Jan.
Wook,
6I4
*5%
•5%
1889,
1,
70
68%,
55% 56
55%
120 120
119
36I4
35% 30
24
24% 24
06
66% 66
40% 40% 40 '4
39-'^
39'4
68%
54% 54%
30
101 101%
74 '4 75
101%
Friday,
Sept. 13.
Sept. 12,
Sept. 11.
74^8
H314 II5I2
113% 114^8
.
prof.
74
ii3;i8ii3''M
Sales
of the
Weduesdny, Thursday,
35
24 '8
«7i2
41:%
10;)%
Columbus Hocljing V'al. &T0I
18%
Delaware Lackawanna JcWcst 14973
Do
Do
35 12
74 14 74=8
11513 115'2
St. L..
Do
6M
671a
•'e
55
5514
55
llO's
1201a
1201a
45 -14
pief.
&
Clove. Ciucin. Chic.
401s
014
C6%
(iO'^s
pref.
& Om.
39^8
40:14
jiref...
St. Paul.
Paul Alin
40
05^ 65
24^ 2mi
Noithwestern
St.
Sept. 9-
'35
pret.
Do
Cliicago Rock Island & Pacifle.
Chicago 8t. Ijouis & Pittsburg.
pref.
Do
Chicago
Sept. 7.
55
120
ClilcaKii BnrllUL'ton & Quincy.
CUleagii iv Eastern Illinois
&
Tuesday.
39
....
Caiiitdimi I'Mcific
Caiiiula Sout lieni
Central of .Sow .Icrsey
Central racifle
Chesapeak • &0.— Vot.Tr.cert.
1)0
do 1st prof..
Do
do -idpref.-.
Do
Monday,
Stocks.
&
Paiita
A^tdiisdii Top.
AtUiiilic .V I'Dcillc
Cbicapo
Saturday,
AND SINCE JAN;
Jau.
Mar. 20
Mar. 12
Sept 9
Juno 13
Sept.
6
Fob.
6
June 1
Sept 9
81% Feb, 20 126 June 24
21% 57,636 19% Mar. 20 35 June 25
May 29
52% 60,305 48 Aug. 20 61%
100 65 Sept. 13 7434 Aug. 10
65
43% l,650j 41% July 5 4778 Aug. 16
14% July 13 1934 June 29
16%
IO8I4
!b>7,)
10,6.32
?.?A.',.vin!
§Prices from toth ExohangasJ
80
A'lr.
-I
1.V71.1 .TmI>-
24
.
'
J'
326
BONWS
biieST PRICES OP ACTIVE !i9S0^ AT N
-
Jiange Since Jan.
OUutnu.
PAltnoAH BOXD*. S
At). A
.
•
Inc.. G«.
e SepllS,
Srpl.
1«>8
1910,
X. J
I'f
IHiliii'l.
1800
.
„...
0<ii
126
:
120
l'.'2>4b.
12.5
I).
.lau.
.Ian.
lOlti's.Taii.
ll»'-«
11*J=U
-.^'i'Vsf
^~ vmt'.jks-ut 115 b. 115>ob. 1151.2 .Ian.
': iiv'l
112 b. 112 b. lOH Jan.
liaUFcb.
.u isas".. 118
O.'
U'
All
Crni
-
.
-
'
83
1241.2
I
.
•i
4*"i'J22
9.1
..I
t s
f..6», 1907
.
l'
iii.'.-.V,i9i7-
126
I'S
-lst,K,.>,19H7j 98
Co
Gi-
.
Clilc.
95
h.
92>.2
b.
b.
a.
May
Fob.
Ol'sJau.
9*Hib. Ol'a.
llOOgb. 120 b.
.i8Um'4s, 1!>27.
cw.
lOT«»b. i02-'4
b.
Us
Jan.
127 b. 118 .Tan.
104^. i97 Jan.
9.'>
b.' sa
Feb.
104 ». 99 Jan.
1 JO b. 122 '3 Jan.
116
112 Jan.
121
110 Jan.
107 b. 103 Jan.
105 b. 99 Jan.
....
-.100 Jan.
146 b. 1-13% Jan.
1291.2b. 127
Ahk.
123 a. 119 Jan.
Ill a.l08i2Jan.
6,A'e/./.13
LntfeHl.
MutualUn. Tel.— S.f.,6», 1911. lomb. 102 b. 99 Jan.
133120.129 Jan.
Nash. Ch. &St. L.— 1st, 7s, I9I3I3314
ilOtj%b. 106 b.; OS's Jan.
Con.sol. OS, 1938
105 b. 104 May
N. Y. Central—Extend., 5s, 1893
ISJiub. 133
Jan.
N. Y. C. &II.— l.'it,cp.,7s, 1903 133
113 a. 113 a. Ill Jan.
Debenture, .'is, 1904
May
N. Y. & Harlem— l»t, 7», 1900 131 a. 129i2b. 129
9614b. 91'%Jh-i.
N. Y. Chic. & St. L.— 1st, 4«. 1937! 95%
Jan.
X. \'. Elevated— lat, 7s, 1900... 116 b. Il(ii4b. 116
S. Y. Lack. & \V.— 1st, (is, 1921. 138 a. 13714a. 13IJ3 Jan.
115 b.
11114 Feb.
Con.''':ruotion, 5s, 1923
N. Y. ANorth'u— Ist, 38, 1927..H0i2b. 110 b. 107
Apr.
X. Y. Ont. & \V.— lat, O.s, 1911.. 110 b. 110i2r).:l]0i2 Mcb.
94 Jan.
N.Y-.Sus.&W.—l8tref.,5«, 1937 101 b. lOlia
Midlandof X. J.— I8t,6s,1910!ll8i2b. II8I2 lll'i Apr.
Xorfolk & West.— Gen., 68, 1931 120i8b. 120i8b. II714 Jan.
llll's Jill's Sept.
Nortb.Pac.-l.st, coup.', 63, 19211115
I115i4a.'114
"' b. 112 .Tan.
11151.
General,
il, 2d, coup., '1933
1933
I9.37...1IO8I2
jl07 b. 97% Jan.
General,3d, coup. 68,
Xo. rac. Ter. Co.— lat, Oa, 1933.1111 a.'
103% Jan.
80 b. 61 July
Obiolnd. &\Vo3t.-lst, 5s, 1938! 8OI4
OUlo & Miss.— Consul., 7a, 1898.;ll7ial).,li7i2b.!ll5 .Tan.
'........ II8I2 Ap.-.
2d, eonsol., 7», 1911
103 Jan.
Oliio.Soutliern— lat, 6a, 1921. .-111212b. 112%
57iab.
58^
44% .Tan.
2d, income, 6s, 1921
Fob.
Jnno
115% June
I2014 .Tune
Fob.
Moll.
Aii«.
i
Aug
July
July
May
IO6I2 June
9()i-_>
May
!l.)%( .\pr.
120
126
July
Aug.
101%
.\ug.
,
.v
I
101
106
,^.
_•
107l,Juuo
107 Feb.
I37I2 Jiino
115i4Jtine
Mch.
98i4Jima
134
i
1
May
May
121
1138I2
Juno
116i2 July
IIOI2 Aug.
115 Feb.
I0311 Juno
n9'4July
121% Ajir.
-
12076
May
117
110
112
Aug.
May
Juno
8OI2 Sopt.
1
121
126
Juno
June
•
113i4Sc-pt.
i
"II
.
104'4Apr
138i2Juiie
I
June Omaha & St. L.— 1st, 43, 1937..' 77 b.; 77i2b.l 71i3Jan.
130i2June Oiegou Imp. Co.— 1st, 68, 1910. 104 b. IO412 102 Fob.
b
"-t i'._iv>n. 7*. UK>j 120
Cliio 'MI'.
110 Jan.
1171^
Sept. Oie.R. &Nar. Co.— l3t, 63, 1909 llS'sb 113%
Dlv.—i!s, 1909. HOHjb.
l<,
104i2h.: IO412O. 102
Jan.
Con,sol..5s, 1925
121 'Sept.
n.-tis, I'.dO .. 119i2b.
1^1
105
b.loiLjJau.
10514a.
1922.
Oregon&Tr.iniiCon'l-Os,
June
109%
Ul7'6
v.niv.-.-)s,1921
l«t
11012b.
lOe^s Jan.
108 12 June Penii. Co. — 4133, coupon, 1921
\Vh >v Miui' IiiT.— ,5», 1!»21 .. lOl^ih.
104 '2 Feb.
105%b.
108 June Peo. Deo. & Evans.- Ist.Os, 1920
Terminal .'is,l!'14
10414 104%b. 102% Jan.
Evansv. Di v.— lat, 63, 1920.
119 Aug.
Oilc. \ >'. \V. -Couscl. 7s, 1<J15. 140 1).
71
71-'58b.
Hib.
66 Jail.
2d
niort.,
1927
5.3,
133
May
129 1).
li„\
9il3
88=8 Jau.
123 Apr. Phila. & Kead.-Gcn. 49, 1958.. 91 14
119 b.
t^i,,
s llt29
81
b.
83
80 July
1st
prof,
income
1958
14
53,
June
IIJ
illo
b.
<, 1929
lj,„
67 b. 6278 July
66
2d pief. income 5.3, 1958
Jan. 1 1414 Aug.
gmliiii III'! .loOont. 3s, 1933 llSijO. 115ii!b.'109
53I3
3714
a.
3113
.Tuly
3(1
pret.
1958
income
5.3,
100%b.
Jan.
109
Apr.
lOHisb.
105
e.VvoardcO.uturo .'is, 1909...
'
""
84 b. 76 '4 Jan.
99 b. 98 Jan. lOlUFob. Pitt^b. & West.— 1st, g., 4s, 1917 84
99'4
Exteulloii 1*. 1926
67i2b.
68
Rich.
cert.
53
Jan.
All.
—1st,
Drc.vel
&
78,
93
a.
May
95
Mch
98%
CUIc. Peo. AM. L.— Girt. 5s, 1928
2d mort., 6s, 1910, Drexel cert. 36 b. 36 h. 26 Jau.
136 b. isiUMch. 13812 June
Cliic. U. I. * Pac.-6,s,coiip.,1917
116i2b.'ll4
116^40.
..
Jan.
Rich.
(U,
1913
I.V
Dan
v.—
Con.,
106
lOMioJune
104">8Jftn.
105%
Rvton.sion A: col. ;>s, 1934
9112
"
92%
12414b. 11912 Jan. 12113 May
86 Jan.
C0U.30I. gold, 5s, 1936
Cbic. St. P. M. i- Ci. -C(m.(is,1930 123 >4
99
b.f
99
Fob.
14
Rieh.&
W.P.Ter.—
Trust
1897
96
63,
9412b.
95
Aug.
100
Fib.
92
Ch..St.L..SL- put.— lt.t.ooll.5s,1932
11714b. 113 .Tan.
99 Juno Koch. A; Pittsb.— Con. 63, 1922..
Cleve. & Canton— l.st. .'is, 1917. gSi-jb. 9412b. 92i2Jau.
a.
108
106i3June
7a,
1891
132
b.
Rome
Wat.
&
Ogd.—
lat,
Jan.
135
Apr.
130
C. C.C. i-I.- Consol. 78, 1914..
112
Ill b.loS'sApr.
Consol., extended, 53, 1921^
12ai2b. ........
.-'112 Jan. I20I4 Sopt
General OS. 1934
93=8 Apr. 105 Jan. St. Jos. & Gr. I.^l.— l9t, 6s, 1925. 106i4b.:106 b. 104 Jan.
Col. Coal J; Iron-lat 6a, 1900. .| 99 b. 101
a. Ill
JiUy
73
60% July 87% Feb St. h. Alt. & T. II.— Ist, 7.3, 1894, H2iab. 115
Col. H.Val. ATol.— Con.58, 193l! 75
106i2b. 103% Feb.
IO6I3
66I2
"1
2d, mort., prof., 7.3, 1894
30 July
87 Feb.
General gold, tie, 1904
107
107 b. 104i2Jau.
2d, mort., income, 78, 189 1
118=8 May 123 Sept.
Denver A- Kio Gr.-lst, 7», 1900 122 b. 123
78'2b.| 77
July
79'2b.; 73
79
Jan.
8212 May St. L. Ark. & Tex.— 1st, 6s, 1936| 78ia
l9t consol. 4h, 1936
2712
2713
25 May
84i2Jan. 102 Meh.
2d, 69, 1936
Denv. A K. O. \V.— l»t, 68, 1911.
106
b.
106
b.l03i2Aug.
L.
Iron
.Mt.—
lat,
7s,
1892.]
A
94%
73%Jan. 93 Sept. St.
93%
A».sentcd
'109 b.il09 b. 103 Jan.
2d mort, 78. 1897
9412 -M.iy
Denv. S.Pk.Al'ao.— lst,7s,190.) 9412a 89 b.l 81 Jan.
Cairo <t Fulton— lat, 78, 1891.'102%b.!l0278b. 10II4 July
Det-B.C. & Alp.— l8t.g..6s, 1913 10412b. 104 b. 103 .T.an. 108 12 Feb.
Cairo Ark. &Tex.—l9t,7.3,1897 103i2i>.|104 b.il02% Aug.
Det.Mac.A-M.- I.d.gr.3i2»,1911 34'>ab. 34i2b.' 32 Aug. 40 Feb.
81 Jan.
Gen. K'Y A land gr., 33, 1931.1 8713b. 89%
Dul. & Iron Raug0-l.1t, 5s, 1937 102 14b. 103 b.i 9ti7g Jan. 104 Feb.
106>2b 102 Jan. IO8I2 May St. L. & San Fr.- 63, CI. A, 1906 118 b. 1181hIi. 116 Jan.
E. Tenn. V. A-(!.— Con.,38, 1956 I07I4
b.
llS'sb.
U8
105 b. 99 Jan. lo7% Aug.
115% Jan.
6.3, Class B, 1906
Elii. Lex. A- Big San. —68, 1902. 105
138i2b. 137
118 b. II8I8O. II512 Jan.
OS, Class C, 1906
Mch. 142 July
Erie— 1st, cou.iol. gold, 7s, 1920
116
b.
115% Jan.
General mort., 6s, 1931
Ill b.'
110-%Jan. 114 May
Long Dock. 7s, 1893
104
lOlUJ.an.
120 b. 122 b. 118 Apr. 123 Feb.
General mort., 5s, 1931
Cousfll. 6s, 1933
N Y.L.E.A\V.-2dcon.6s,1969 I04I2 ;104>2b.i98 Jan. I0712 May S. P.M.&.M.—Dak.Ext., 63,1910 12014b. 120%o. 118 Jan.
118%b. 118%b. 115i2Jaa
99%
90 Jan. 101 May
l.st con.301., 6s, 1933
Ft. W. A-Denv. C.— 1st, (is, 1921 95'4
reduced to 4 13S ... 101 13b. 101 b. 93 '4 Jau.
GalH.ASaiiAnt.— W.Uiv.lst.os 93 b. 9414
9219 May
Do
95=5 Mch.
96 '4 Feb.
99 b.j 99%
GrB.W.ASt.P.— 2d inc. 83,1911 16i2b. 17»2b.! 13 July 25 Feb.
Collateraltrust, 5.3, 1898
8712
102%b.'104%b.li00i4
8314 Jan.
GiillCol. A san. Fe— lst,7»,1909
Aug. 116 Feb.
MontanaExt. 1st, 4.3, 1937 ... 88
67i«b. 68 b. 64 Aug.
Gold,6s,1923
Shon. Val.— Ist, 7a, 1909, Tr. rec. 91i2b. 9413b. 8712 .-Vpr.
8712 Jan.
Han. ASt. Jo-.-Cnns. 68, 1911. 119 1). 119 b.1119 Sept. 124 Feb.
General 6s, 1921, Trust rec... 37 b. 37 b. 31 Jan.
liit.AGt.Xo.-lst.6.«.gold,1919 106 b. lOSiflb.' loo's Apr. 10913 Jan. SonthCarolina— 1st, 63, 1920... 99 b. 96
90 Jan.
7OI4
47 Jau.
Coiiiwn. Os. loott
60 a. 60
62 Stay
74i2Jan.
2d, 68,1931
513 .Tan.
KentuckvCeut.- Gold4, 19S7.. 80 b. 85 b.' 7112 Jan.
7
7
Income, 6s, 1931
90 June
101 12 July
Knoxv. A-O.- 1st, 69, gold, 1923 II2I2 113 a.'lOl Jan. 1 1212 Sept. So. Pac, Ariz.— 1st, 6s, 1909-10. 10614b. 107
114 b.;i07 Jan. 113% Sept. So. Pac., Cal.— Ist, 63, 190.5-12.. 118
118
L. Eric AWe8t.—lst,g., 3a, 1937 113%
114 Jan.
Ij>ltesiiore.-Con.cii.,l9t,7»,1900 127 b. 127 b.i23i4Jan. 130
105 14 July
107
.May So. Pac, N. M.— 1st, 63, 1911 ... 107
ConsoL coup., 2(f, 7a, 1903.... 127 b. 127i2b.li24 Jan. 130i4May Tenn.C.l.&Ry.— Ton.D.,l3t,63 96
99
86 Jan.
Long Island— l8t, con., .58, 1931 117'4b
89 Jan.
93
97%
jlllHJan. 117% Sopt.
Birin. Dlv., Ist, 6s, 1917
General ninrt., 49. 1938
9114
99'2b. 99
8513 Mch.
92iaJan. 102i4May Tex. & Pac.— 1st, gold, 59, 2000 90^8
3SI3
L«iil9v.AXa.~hv.— Coii.,7s,1898 121 a. 120 b.lll7i.> Apr. 121 13 -Mch
38 13
34 Mch.
2d, gold, income, 5s, 2000
E. II. AX.-lst, 68, 1919
107^8
116 b. 117 a. ii4%Jnne II8I4 May Tol. A. A. & X. M.— 1st, 68, 1924] 107
99 Mch.
114 b. 114 b.lii2 Jan. II8I4 May Tol. A. A.& Gr. Tr.— 1st, 6s, 1921 1 13 b.Tl4 b. 103 Jau.
Oenernl, OS, 1930
Trust Bond.". Os, 1932
'Ill b. IIII4 ll09i2Jan. 115i2May Tol. A Ohio Cent— Ist, 53, 1935 102%
10214b. 101
Jau.
10-40,68, 1924
713 b.! 74
104 b
Apr.
101i2Jan. 106 Apr. Tol. Peo. A We.St.— 1st, 4a, 1917..! 7di2
50-yoar3s. 1937
92i2Jan.
103
98 Jan. 106 Sept. I'ol.St. Ij. AKan.C- l8t,6s,1916 103
Collat. tnwt .-.9, 1931
102
»6i4.Tan 10413 Apr. riiionPaclflc— 1st, 6s, 1899 .... llS'sb. 119 b. 115 .Tan.
Lonl9. X. A. ,V f'h.— Ist, 0«, 19101
114 b. 114 b. 114 Sept.
111214 Jan iI22
June
Sinking fund, Ss, 1893
iS,1916
C<':
104>2b.' 93
103's
Jan. 105
Sopt.
Kansas' Pa«itlc— 1st, 6s, 1895 1 10 b. 110 b. 110i« Aug.
lis, gold, 1924... 105i-2b. 105%b. 102I2 Jan.
Men
Ill
111 b. 109 12 Jan.
Ist, 63, 1896
109% June
Mot
— l.st,69, 1!K»8.. 114 b. 115
May
lllHjb. 114%b. 11::
lll'sJan. 12l^ June
DonverDlv.— 6.9, 1899
.'-''
108 b. 108i8b. 100 Jan. 1 1 12 Mav
an.
11312b. 116 b. 112
l9t consol., 69, 1919
Ml'
-.con., 78, 1002. ,13014b. 1291.2b. 12914 Aug, i;!3'nMch.
Feb.
II312 111
Orog. Short Line— iHt, 6s, 1922 II313
.,t'"
"2
87 1.2a. 78% Jan.
114 a.'lll Jan Ill .May Virginia Mid.— Gen. m...5s, 1936 8
Mil. l.;il;.—ii. ., \V.—l«f. 0.9. 1921 125I4
124i2l).'llS%.Tan. 125I3 Juiic Wall. St.L. AP.— Gon..6s,Tr.reo.' 48 b.^ 5II4
37 Apr.
Coiiv. dobiulnre, 5s, 1907
88 13 Jan.
103%b. 92 12 Jan. IOII2 July
JKrj'Si
;103%
ChictgoDiv.— 5s, ]910,Tr.roo.!l04
Wllw. ,v Xnr-!i.-M. L., 68, 1910. 110
108'2b. 10«i2 Jan. 111
86 Jan.
101%
Wabash—
M., 7a, 1909, Tr.roc.l 101
Apr.
1'I13
IIO6I3
103i.2b.
106 b. 105 14 Jan. 109 ij -Mch.
8913 Jan.
reo.T03i2b.
cxt.,
Tr.
1st,
73,
&
W.—
Tol.
Ml
1-l8t,
192:
96 b. 95 b 90 Jan. 100 Sopt.
lst,8t.L.Div.,79,1889,Tr.roc. I03I3I1. 103 'ab. 93 13 Fob.
Ml..
—Con. «8 1920 <(3i4b. 63%
6."
Jan.
53 Apr.
2d,extend.,7s, 1893, Tr. rec. 102 b. 102i.jb. 87
Aug.
'-•0 ....
C.
57%b. 57 '2b. 50I2 Apr.
Feb,
6OI3 June
Con., conv., 7a, 1907, Tr.roc.l lOOi^b. 10013b. 83
C"
"I4-.V6
94%b. 91 b. 87I2 Mch. 97 June
Jan.
1888.Tr.rcc.i
10312b.
10313b.
89
We3t.—l3t,7.s,
Gt.
Mo.
I. con., 6<t, 1020
I1319
illOisJan. II5I2 Apr.
Mch.
2d, 7s, 1893, Trust receipts 102 b. 103 b. 86
3d, 7^,
120 b.'uo b.'llO^! .Tan. 121 lo Apr. West Shore— Guar., 4s
IO6I4 1IO6I2 102% Jan.
P»c. of .Mo.— lilt, cxt.,4», 1038 99 b.i 9913
95 '4 Jan.
97% J.an. 102% June West N. Y. & Pa.— lat, 3, 1937. 96
9
2d mo«
1«91
103 b.'
1103% July I0312 Apr.
3414b. 33 14 Ausr.
33:^
2d mort., 3g., 5sc., 1927
Uol.;
116 b. U«
98^8 Jan.
112% Feb. ;il6i3 May West. Un. Tel.- Col. tr., 59, 193s 103
103
G
54
55
41% Jan. 58 June Wheel. A Lake E.— Ist, 5a, 1926 10913 109isa. 102 Apr.
luJJoatesprioe bid, and "a" price a»ked; all other prloei and the range are from actual sales.
(..
lliic..Vlna.C..aiK.,l^'t.5s,19:Hi 10438a,
1.
Highest.
|
!
120 1-2 May
113 May
'
.i'lOS's
|.,i;i
.
ISepl.
1889.
1,
Range Since Jan.
I
I
Raimioau Bonds.
I28I4 -Vpr.
>V:
Di
\\:
Xl
1.
22% Fob.
I
.
SINCE JAN.
Cloning.
Highest.
I
b.
,
ItANftE
|
104 b. 101% Apr. 1051-2
108 b.l0.5»HApr. 108%
119 b. ll3i4.Tan. 119%
Cbtf. \ oliii.,- .M..1I. tfs","ldli..ll20isa.
1*2%
94 Feb. 104>4
,,,;i;i.
!]02i'».
li*t i*oll**('l.
Il
109 b. 107 Jan. 114
lOOiab.
11^. 1011.
.. - ChM. O. .V so. \S
98 Jan. 104''3
b.
102
1920.
>o.-l»l.
'S
Burl.
Chif.
13"
129>3J"ly 134
Ihlr nnil. .V !;.— Clin. 7, 1903..
101
108
,
,,;,,
[Vol. 2L1X.
STOCK EKCH4.N8E, ANB
Y.
I
lai'ab.
7-. 1-
I
.
!lOU>3Jnn. 11212 May
97%
aiUJan. 100 .May
:101%b. 101>4 Auk. 1061" Jan.
yD*H
101 u
i
-l8t, 7»,
Lowetl.
15^A«(t.
713, Auk.
I
73 n.i 74 >«
u;i»f.,5».iuo8,ioau 100
On.
Can. C-niiiil
HE CHROMCLR
59%
.Sent.
80%
Juiio
100^8 Fob.
II514 Juno
105% -May
IO713 .\pr.
1
1
May
Miy
1
111)
10913 Feb.
.
76 13 Mch.
94% June
9413 Jan.
82% Jan.
6214 Jan.
•
87 12
May
1
7018 Aug.
37
1 09 12
May112 .May
IO9I3 Apr.
11214 Juno
108 Apr.
.
99
38
110
110
105 13
107
90
121
121
121
121
108
122
1
[
I
1
9213
96
40
1
101
61
10
108 14
'
120
I
I
.
I
May
May
May
.\ug.
.\ug.
Feb.
June
Juno
112i2May
1
•
Apr.
II514 Feb.Apr.
II312 July
90 Apr.
5II4 Sept.
117
,1
,
May
June
82 13 Juno
105 May
I2II3 July
120 12 Jan.
II212 July
'
]
Apr.
Apr.
Apr.
IOII2 Juno
I
,
Feb.
110>4 June
1
1
Apr.
Aug.
108 '4 Feb.
100 Mch.
99 Mch.
94 May
40 ,Vpr.
1
<
Junn
'.18
I
I
Feb.
July
lOOHsJuly
:
!
,
Fob
J.an.
121% Juno
103% Juno
1
1
Juna
115
I
.
May
103
119% July
'
.
Aug.
119% .May
9 1% -May
i
1
I
104
Aug.
101%
Sept.
IO314 July
IO313 Aug.
103
101
June
Aug.
lOSio July
102 12 Juno
lOO'-'s
Juno
101
.^.pr.
44
106
110
Feb.
June
Aug.
1
ST.4TE BONDS.
SECtlRITIES.
Bid.
'
A8k.
I
Alaliama— C1a»« A, 4
!.>.
10-L-(|
All..'
:
\'''i
Mi.-
la...
IO4I3 Missouri— 68
due 188 !) or 1890
Asylum or University, duo 1892
'IO219
Funding
1 894- 1895
1 900;
100 13
Xew York— Os, loan
1892
"lOl
12
13
69, loan
1893
8
15
North (Jarollna— 6s, old.
& J.
8
Funding act
I900I
la;...
8
10
Xcw bonds, J. A J.. 1 892 1898;
.1890 103
104
Chatham RR
.1914 105
Special tax, Cla93 1
9018, 91
Cbu.9oUdated -Is
.1910
1890: IO6 I....
6»
.1919
to 5..
(la.'s B. 5?
(Ia^< c. 4s
SECURITIES.
.1906 103
.190« 110
.1906 100
A8k.
Bid.
104
110
111
111
35
10
20
5
6
9612
126
SECURITIES.
Bid.
Ask.
Rhode Island— 68, cou..l893 1894 111
100%
4 5s
5
SonthCarolina — 63, non-fund. 18S8
1893 101 13 104
Brown consolidated, 69
Toimosseo— 69, old
1892 1898
1912
('ompromlao, 3-4-5-68
1913' 106
Now settlement 63
1913; 101
104 13
53
1913
74%; 73
!
—
;
!
I
!
8
8
97
128%
—
Virglnia^ 6s, old
6a, consolidated
bonds
6s, consolidated, 2d series.
6s, Uotorred, trust receipts.
8i3
9>«
.
September
U
"
. .
.
THE CHRONICLE.
ISeO.]
337
BONDS-STOCK EXCHANMJE (JUOTATIOXS ON FRIDAY OP THE LESS ACTIVE RAILHOAI) BONDS.
Bid
8ECURITIB8.
SECURITIES.
Railroad Bonds.
EttstTenn.— 1st
cxt., gold,
Northeni Pacific— (Continued)—
DnluthA.Manltoba— lHt,g.6sl93«
Diil.&.Maii.Dak.Dlv.— I»t68l937
109^8
La. M. A -Mo. B.— 1st, 5a. ...1937
North. Pac. & Mon.— Ist, Os.1938 104%ll06
5H.1937
93
1938 02
Eq. A- Imp., g., 5s
9GI3
Mobile >fe Binn.— 1st, )?.,5s..l937
114
08...1918
(is
Alabama
Crnlial—
Siiikiiij? fiiud,
1911
lat
.1897 120 122
Erie- lat, extenil d, 7a.
Cliic. R. l\: Si C:il.— Ist(r.,.'ia.li»:i7'
99 '100
.1919 117
Altaiitic & Daiiv.— l8t !?., 6.s..l<)17'
2d, exteude<l, 5:
.1923 *llO
Bait, l^t Oliio— l8t, 6s, Paik B.lOli), 122
3d, extended, 4 1.2s
123'a
'1181.2 I'iii?
107
108
extended,
.1920
OH, Ki)l(l
4th,
.59
lOi.")
14
105
.1928
C'ou.i. mort., gold, .'is
5th, exi ended, l.s
litSSj 110
cons.,
.1920
90
lat,
Beech Crcuk— 1st, culil, 4s. .lO.IC 80
fd. coup., 7s.
99
Reorg., 1st lien, 68
.1908
Bost. H. Tiiii. & W.— Dcl>. 59.1!)ia
145
.1916 142
Brookl.vTi Elm-.— Ist, t;., «.s. ..1924 111% II214
B. N. Y. *E.— 1st, 7a..
86ii,l 91
2d 3-.">8
N. Y. L. E. & W.-Col. tr.,fl3.1922
191 r>
boii
1969
90%
Union El., iBt, Ritar., 6s
Funded coup., 53
1937 1051a 100
70
Brunswick & West.— l«t,g.,4s.l9HS
Income, Oa
1977
9712 100
Butt. Roch. & Pitts.— Gen., 5S.19H7
90%
Huir. & S. W.— Moit«. 68. ...1908
108
Roth. A Pittsi.— l.st, 63
Joffe 8on— 1st, gu. g. 53. ...19091
1921 120
Burl fed. Rap. & No.— Ist, 58.1906 IOOI4
Eureka Springs R'v— l8t,6.s.g.l933 ^.'.'.'.'.'.
121"
Cou.sol. & eollat. trust, os... 1934
87
95
Evan. & T. II. -lat, cons., 08.1921
Mimi. & St. U.— 1st, 78, gu..l927 100
1923
Mt. VeiTlon-lst 6s
115
Iowa C. & West.- 1st, 7h. .1909 98
Evans. & Indian.— Ist, cons. .1926
Ced. Rap. I. F. & N., 1st, 6S.1920
Flint & P. Mai q. -.Mort., 6a. .1920 124
1061-2 108
1st, 5s
lat con. gold, 5s
1 939
94
1921
Central Ohio Reor.— lat, 4i.2S.1930 '100
Fla. Cen. &Pen. — Istg. 5s.. ..1918
Cent. RR. & Bank.— Col.i;., 5s. 19.17 100% 101% Gal. Har. & Sau Ant.— Ist, 68.1910
i'otiU
103 12
Sav.it West.— 1st con. S..5S,. 1929 lOlV 102i«
1905
2d mort., 78
9812
Cent, of N. J.— Conv. deb., 68.1908 119
1927
125
Ga. So. & Fla.-lst, g. 68
hehiKli & W. B., M. ."ia
93
107
Grand Rap. & Ind.— Gen. 58. .1924
1912
Oentral Pacitlo— Gold bds.,6a.l895
lOrcen B. W. & St. P.— Ist 6S..1911
116
801a
Gold bonds, 68
1937 106 106'%
1S9G 114% IICI4 ITousatnnic Cons, gold 58
Gold bonds, 6,s
IIoiia..\.- 're\.('.— lat, lu. 1. 78.Tr.rec.
115 jll7
1S97 115
San Joaquin Br., 68
Wesi Div. 7s,,l:u.streceipt.3.1891 ll-i
1900 116
C'al. & Oresron— Scr. B, 6.s.
1st Waco& Nor.— 78
1901 10512
1892
West. PaciUo— Boiid.s, 6s
'128
2d ni..8.s.M. 1. Trust rece1i>t3.1913
1899 113 114
No. Railway (Cal.)— lat, 68.1907
Gen. mort. Os.Tru.st receipts. 1925
82
83
!l08i2
Ches. & O.— Pur. M. fund, 63.1898 114
115Js Illinois Central— l8t, g., 43 ... 1 951
fS'ork Exrh-inhf frirt-.s.)
& S»D. Fe— 11-2S...1920
Atch. Top.
.
.
C(eur d' Alene— 1st, ««, gold 1916|
Gen. Isl, gold, 6s....
1938!
Ceiit.WaHhlngton— l8t,g.,6.s.l938
Norf.A W.—New Rlv., l»t, 68.1932' 1I«
.
1934 111
1!»24 112
1908
90
CllnoliVal.D.—lsf.eqiap. 58.1957
97%
.1
Ogd.A Lake Ch.— 1st, con. 6s. 1920
Ohio & .Miss.— Cons., a. f., 78.. 1898 II7I2I1I8I2
11014112
Springfield Div.— lat 7s
1 905
General 5a
1932! 97
Ohio River RR.— lat, .58
1936 100
87
General mort., gold, 3s
1937
Oregon A Califorala— 1st, 58.1927
Peniisylvanla BR.—
Pltts.C. A St.L.— 1st, cp., 79. 1900 117
.
Pitts. Ft.
•
i
'
1
I
2d, 7s
19(KII
St. L. Jacks. & Chic— l8t,7a.lS94
1st, guar. (564), 7a
1894i
2d mort. (360), 78
1898
2d, guar. (188), 73
1898
Mlss.R. Bridge— 1st,
s. f.,
63.1912
'118
Ohc.Mil.
iV St.
2d, 7 3-10.3, P.
1st, 7«, $ g., R.
1
.St,
!
C—
9714
93
D
D
1898 1151s
129
1902
La Crosse Division, 7s 1893 i 12 1.2
L& M.,7s
IS97! 117
I. & D., 78
18991 117
1st,
Ist,
1st, C. jt M., 7s
19031
Ist, L
D. Extension, 7s... 1908
1st, Southwest Div., 6s
19091
1st. Lac. &Dav., 5s
I919I
Jst, H. dfc D.,7s
19101
lat, H.
D.,,53
19101
&
.
Ced. Falls & Minn.- 1st. 78.. 1907' 78
Ind.Blooin.&W.— 1st, pref.78.19(MV 117
Ohio Ind. & W.— 1st pf.,.53..193,s;
Ohio Ind. & West.— 2d. 53. .1938
43
I.B.<feW., con. inc. Trust i-eceipts.
Ind. D. & Spr.— 1st 78, ex. op. 1906
Ind. Dec. & West.- .M. 53
1917,
2d M., inc. ,33
1948
Iowa Central— lat gold, 5a
1938i
Ott. C. P.
Northern
Cajca.go
.
i
St. P. -1st, 5s.. 1909,
Ill.-lst, 5s
1910
Rock Island & Pacillc—
Des Moinen & Ft. D.— 1st, 4s.l905
108
110
90isl
1905
1900
87
M.-l8t,5s::i923
lOSSsilOiJis
r.i'f*"!"i''
Chic.
A- St. Louis— 1st, 6a
....1915
<^'"':- ^t-i"- & Kan. Cit.v-3s..
19.36
Minn AN. W._lst, g., Ss.. 19341
Cijic. St P. & Minn.-1.4t,(J3...191S 125
«o. Wiscougin— 1st, 6s
1930
/•.?•'• ^.'",',',**'- c.-i»t, 6s..;;:i9i9! 127
Chic. & W. lud.— 1st, K. f., 68 1919 II4I3
General mortgage, 6s
1932 11713,
126
.?-, ^^"I'J- * D.-Con. s. f., 7S.19051
2d. gold, 41.23
11)37
100 ifi'
Cm.
L.xteuslon, 4s
(.
^o''
St. L.Jk Chic.-l3t,g.",43: 19361
Coiiaol, H»
5^.1"/.',
Cl.Col.
10312:104
•
Consol. sink, fund, 78.
1914i
V— Gol,i, 59..:i938:
rJ,7"Co
orado '^rt^.
.
107'
MidlaudHisV,' 6;;ii)14'
W.— Convert. 7s,1892
1907
Syra. Bins. & N. Y.-i.st, 7a:i906
Moms & Ebscv- 1st, 73 1914
2d, 78
1891
Bonds, 7s
1900
^
l^ack.
Ji
Mortgage 7«
7v"
Del.
1-^71
90
138
A
Car.
Shawt.-lst g. 4s. . . .1932
1st, con. 6s. 1927
St. Louis
I.
Ark. Br.,lst,78.1895
St. L.
San Francisco—
St. Louia
ib'iial
1st, 68, P. C.
1919
A
87
A Chic—
M.—
A
81
39
108%
A
Equipment, 7a
1895
A
94
102
97
Wn.—
I
!
122
112312
110
1917 *103i2 106
2d mortgage 58
ist.
Paul Minn
A M.— Ist,
78.. 1909
114%
.
.
1
.
'
.
i
t
'
1
.
.
,
I
I
.
.
I
'
;.
. . .
I
13038
I4412I4B
104 =8
1171s
.
.
1128
;
'
No
I
149 If!
&
7s.l921 148
.5s. ..1928
83% 8«
Dul. So. 8h. & Atl.-Oold3a..in.'J7
94
94%
E. Tenn. Va. & Ga.— Isi, 78. .1900 123
125
Div isional 5k
1930' 110
111
Dcnv. & R. G.— Imii.,g.,
18
98
. .
136
::i894
Pa. Div., coup., 78..
1917,
Alliany & Susq.- Lat, gti.,7s.l906'
1906
87%
46
124
.
Coupon, 7»
1st, coni"., guar., 63
Rens.
Mar.— 1st, coup.,
50
53. .19271
•
I
::::::::liX,i
Uiid. Canal-l8t, 79. ..18911
lat, exteu»ion, 73.
1891
A:
A Omaha— lat,
'
IO8I31
137
148
103
123
C.
83
'.'.'.'".
.
f^
Midland-lat, g., 08.1936' 101
Columbia <t Green.- lst,63..
1916 100
2d, 6s
1926 so
Col
Clii.
J.>ei.
IOOI4
1909 121%
2d mort., 6s
Mlnneap. Union- 1st, 6s. .1922 no
iVo"
Mont. Cen.— 1st, guar., 63.. 1937 115% 116
100
East. Minn., 1st div. Ist 5s 1908
"si"
,San Ant. A Arans.- lst,08,'85-1916
86
1920
1st, 63, 1886
no
San Fran. A .V. P.— Ist, g., .5s.l919 10014 101
1910
Scioto Val.— l3t, cons., 7s
14'
' 73
i
Coupons otr
100 106" Sodus Bav A So.— lat. 3s. g. .1924
99
109
So. Pac, Ca!.-l9tcon. 53 ....1938
SO
117
Texas Central— l.st, s. f., 78... 1909
2d, 33
1980! 63
Lat mort','age, 7s
1911
61
Na3hv. .t Decatur— l9t, 78.. 1900 120
Texas A New Orleans -1 st,7a 1903
8. & N. Ala.— 8. f., 6a
1910
1<.I12 i'02%
Sabine Division, 1st, 6s
Pens. & At.— Ist, 69, gold. ..1921 101
Tex. A Pac, E. Div.— Ist, 6s. 1905
Nash. Flor. it S Ist gu. 5s., 1937
1917 105 '10514
Tol. A A. A Cad.— 6s
98
Louiav. Southern— 1st g. 6s. .1917
1919'
971-j
97% Tol. A. A. AMt. Pi.— 63
Lou. N. O. &Tex.— 1st, 49....1934
S9I3
1896 iii"
Union Paciflo— lat, 6.s
2d mort., 5s
1934
1897 113 117
40
1st, 63
Louijiv. St.L.&Te.K.— l9t g. (is.l 917
...1898 116
987^:
118
1st, 63
Mexican National— lat, g., 6s. 1927 IOII4;
...1908 106
Collateral Tru3t, 6s.
1917
96
2d, income, Os, "A"
...1907
Trust,
5s.
Collateral
62
1917
2d, iuconu'. (it*, **B"
.1895 103
C.Br. U. P.— F. C..7S
17
Michigan Central-69
93
1909
94%
Atch. Col. A Pac— 1st, 6s .1903
Coupon, 5s
1931 II2I2I
94
Atch. J. Co. A W.— lat, 63 .1905
Jack. Lan. & Sag.- 69
1891 103
Utah Southern— Gen., 73 .1909, -115
104
MUw.L.S.&W.- Ext. &Imp.,53.-29 103% 104
.1909 112 114
Exten., 1st, 73
Michigan Division, lat, 68.. 1924:
U. P. Liu. & Col.— Ist.g., .53.1918 101 14
Ashland Diviaiau— lat, 69 1925 115
Utah A Northern— Gen., 5s. 1926
luooines
106
Valley R'y Co. of O.— Con. 69.1921
103
Mlnn.&St.l..— I'a Ex., 181,78.1909! 83
Wab.St.L. A P.— Det.Dlv.,63,Tr.rec. 12914:130
1891
10
2d mortg., 7a
Equipment
bonds
1883
25
54
Southweat E.tt.— Ist, 78
1910 7714'.
103%
Qiitn. A Tol.— 1st. 73,Trust rec.
Pacific Ext.— lal, 68
1921
103%
Han. A Naples- lst,7s,Tr. rec
103%!
Impr. & equipment, 68
1922
III. A 80. la.— Ist, ex., 6s,Tr.rec.
52
Minn. & Pac— 1st mortg., 5s. 1936
St.L.K.C.AN.— R.E.ARR.7s.l,895 108%'
Mlnu.8. Ste. M. & Atl.— lat, 5a. 1920
St.Charles Br'ge— lst,«9. 1908 107 1110
Misaouri Pacitlc— Trii8t.,g., 5s. 1917
1893 114%lll5i4
98% No. Mi.ssouri- 1st. 79
Mobile & Ohio— 1st ext, 6s... 1927 108
1896!
Warren A Frank.— Ist, 78
lat pref. debentures
West. Va. C. A Pitts.— 1st, 6s. 1911
59
93%'.
Bt. L. A Cairo— la, guar
1931
Wlecon. Cent. Co. - Ist g. 58. liK(7
75%'
Morgan's La. & 1.— Ist, G8....1920
08
1937,
Income 5s
l3t 78.
1918 120
.^iNr<>llaiieoii» Honds.
Na.sh'. Chat.'& StVi..—isd,' "fisiiiooi no
1907
Am. Wat '• W. Co.— 1st 63.
L
IOOI4
New Orloaua & Gulf— lat, 6s .1926
1907!
Isteoii.. ;old, 5s
N. O. &.. No. E.— Pr. I., g., 6s.. 1915
Boston L.i. Gas— Tr. cer. Ss.. 19391 94%; 95%
N. J. Junction— Guar, lat, 4s.l98(i
Cahaba Ci,..l Min.— 1st g. 7-. .1907!
N. Y. N. H. & H.— 1st, reg. 43.1903
Col. A Hock. Coal A L— H3,..-..1917i
N. Y. & Northern— 2d, 49
1905 lOa'fl
1927
Equitable G. A F.— lat 6s
N. Y. Susq. & West.—Deb. 6a. 1897
llacken^aek Water— Lat. 59.. 1926 101
2d, lifjs
1937
Henderson Bridge— lat g. 6s. 1931 108
1901^
N. Y. Tex. & Mex.-lal,4s....l912
Iron Steamboat Co.— 6s
.|85
Northern Pac— Divid. scrip ext...
People's!: as A Coke 1 1st g.<>a,1904'
Val.—
Ist,
63.1904,
99
River
Chiiairo
\
2d
James
63.. .1936
g.
Co.,
10214
Spokane & Pal.— l»t, 68
1936
Philadeliiliia Co.— l.st a. f. Hs.l898
SI. Paul A N. P.— Gen., 6s-.1923
118%
Weal. I'nioii Tel.— Coup. 7s...19(h: 117
IlelenaARedM'n- lst,g.,6s.l937
f.6s.l908. 101
A'hilebi'at Fuel— Gt'n.
.
,0201
* Mac— 1st, g., 53.19.361 """ijibo'i
Cm. & Ind.— 1st, 7.s,3.f.l899 122
5
99%
.
87
i^'j-'a,'*
*
1927
L.
New
.
.
59.. .1916
5s
1st,
lat, trust, gold, 53
1987
Buff.
Er.—
bonds, 78.1898; 122i2!l25i2'
Kan. City
8.— Ist, 63, g.l916
Kal.
W. Pigeon— 1st, 78.. .1890 ioi%|i02i2;
Fl. S. A V. B. Bg.— lat. 6«.1910
Det. M. ct T.— lat, 73
1900
St. L. K. A 80.
1st, «s.l916
Lake Shore— Div. bonds, 7a. 1899 i2;J"Lll".;;j
Kansas Mid'd.— lat, g. 43.1937
Mahon'g Coal
1st, 53-1934, 109 1«!
St. Paul A Duluth— 1st, .5a. . . .1931
&
&
70
......
Al.AT. H.— Div. bouda.l894i 44
Bellev. A So. Ill.-lst, 88... 1896 120
Bollev. A Car.- 1st, 69
1923 110
99
Chi.St.L.&Pad.— lst,gd.g.58 1917
81
St. Louis So.— 1st, gd. g 49.1931
"66'
Kan. C.Wyan.&N.W.— Ist, 53.19381
Kluga Co. Elov.-Ser. A,l8t !)8l925i 104
Lake Shor» & Mich 80.—
Clevc P. & A.— 7s
18921
125
1241a
i
1921
A F.— lat,
A Ash.— let,
& Ariz. Cent.
Kan.
iSt.
36'
116
104
125 126
&
104%. 105 13
RK.—
Chicago A Pacific Div., 68. .19101 119
Litehf. Car.& West.-IstOs. g.l916.
Chic.
Mo. Riv. Div., .5s
1898,
1926 104 104% Long Island— 1st, 78
Mineral Point Div. .5s
N. Y. & R'way B.— lat, g. 5a.l927i
107
1910i 105
C. tt L. Sup. Div., OS
2d mortg., inc
1921 103
1927
Fargo A; South., 6s, Assii
N. Y. & M. Beach— lat, 79.. 1897
19241
Inc. conv. sink, fund, .5s.... 1916
N.
B.
M.
B.—
Y.
&
l8t,
.58.1935
g.,
99
Dakota & Gt. South., 5s. .. .1916 100
Brooklyn & Mont.— Ist, 6s.. 191]
C.iic.\:X.W-E.sc\L.S.-l.st,6s.l901 HI
l8t,53
1911
pes M. i- Jlinu.— 1st, 78. .1907
8inithtown&Pt.,Ielt— l9t,79 1901
Iowa -Midland- 1st, 8s
Louia.
Cecil.Br.,
&Nash.—
.1907
1900 130 136
7s
Pi-iiinsula— l8t, conv., 7s... 1898 113
N. O. &M.— 1st, 63
1930
Chic, .t Milwaukee— 1st, 73 1898
N. O. &M.-2d, 68
1930
.P-^'l- '7s
Peusacola
Divisiim,
68
1920
1907
128
.*,?'•
S'!'Mil.
& Mad.— l.st, 6s
1905 116
St. Louis Division, let, 68.. .1921
i(t
I
123
171s
9712
I
.
HO
I
107141
P.— 1st, 8s,P.D.1898 127
'
'
!15
115
IO412IOS14
116 lit
109
100
„
68 .1921 113
63,g.l916
19161
2diiieoiuc, 68
iRieh. A Dan v.—Debenture 68.19271 idi"
Atl. & Char.— 1st, pref., 73. .1897
iRich.A W.P.l'er.—Con.ct.,.5s. 19141 82
R.W.AO.— No. AM.lstg.gu.3s.l916;
Rome W.AOg. Term.— l9tg.53,1918| *105
Ist. Jos. A Gr. Is.- 2d inc
1925
t
114121....
Pains V.
iPresc't
I
1141.2!....
Chic. Burl. & Nor.—Deb. 6s... 1896
Chic. Burling. & Q.— 5s, s. f 1901 IO6I4
Iowa Div.—Sink, fund, 5s.. 1919'
.Sinking fiuid, 4s
1919' 97 14
Plain. 43
19211 92
Pitts.
]Pitt«. Y.
I
:....
US
1932i
Pitts. Clevc. A Tol.— lat. 69...1922I
Pitts. Junction— Ist 6s
19221 109
Pitts. Mc. K. A Y.— lat 6.3
1932; 113
let, gold, 310S
&
77
Chicago & Alton— l.st, 7s
1893 'I23I4 126
Sinking fund, 6s
1903 12312,126
Louis. & Mo. River- Ist, 7s.l900 120
122
C— lat, 79... 1912
Peoria A Pek. Uion— 1st,
2d mortg., 41.2s
Pine Creek Railway— 63
. .
1951
93
Gold 48
1952 10212
Springf. Div.— Coup., 69.... 1898 112%
Middle Div.— Reg., 58
1921 ^lr,
C. St. L. AN. O.-Ten.!., 78.1897' 118
Ist, oousol., 7s
1897 118
1907 119
2d, 69
Gold, 58. coupon
li),51
Ill !119
Mouip Div., 1st g. 4s
101 12;
1951,
Dub. * S.
2d liiv., 78 ..1894 108
W. A
2d, 79
1912
Sd, 78
1912
Clev. & P.— Cong., s. fd., 78.1900
4th, sink, fund, 68
1 892
St.L. V. AT. U.— Ist, gu., 78. 1897
1898
2d, 79
:
2d, gu.ar., 7s
1898
'.'.'.'.'.'.
120
76 14
Ext., 09
,
. .
A
1
I
Ad,tU8tmeut M. 7a
Equipment, 5s
,
6s, gold, series
1908
Cbes. O.
So. West.— 2d, 6s.. 1911
&
Imp.
j
—
BM.
SECUEITIES.
Ask.
price Friday; these are the latest quotations
!
.a.
made
this we^k.
,
—
1
'
..
.
....
THE (CHRONICLE,
^38
({oUtions in Boston. Philadelphia and Baltimore.
Following are quotations of active stocks and lx)nds. A full
list is given in tiie Chronicle the third Saturday of each month.
BECVRITlEa
BOMTON.
KAILKUAD STOCKS.
Atchlaou & TojH-kit.
Bflaton A Alb&uy
Boctonit Lowell.
B-wton A Maine
BIO.
Bontlngton
S»\ 40
I
2C0
Beaton & PrurMenca
'
{15't
I
Cmtral o( MiwMchusctU
Pnferred
11
6
27
'
'
OonnecUcnt
JtlTer
209
lOlHi 102
'
Pr.'Ii.m>d
I
.—
VuchtiurK, pre*
jrilutA I'ere Marqnette..'
'
_PrB»entHl
C. Memiih. <t
48
93
87
64
26
Lewlston....
Atlantic
A
121
13U><
A /Vmboy.— M. 58,
A Wilm,-l8t, 68..
Harris.
Mt J.AL,—4s.
Eaaton
Elmira
«0
llorwlch A Worcester....
Ocdensb. A Lake Cbani..
Old Colour
Portland .^aco .fe Porta...
il5>,
Jeff.— 1st, 6s.
Dll.&B<l,B.-lst,78, 1903
W. Y. A New Eup., pref ..
•Wortbem
111
102
121
Cam. A Amb.— M. 68,'89.
Catawl88a-M. 78, 1900..
12d
6V
179V
127
9
Kraiiili
Miiss
RAILROAD EARNINGS.
]01i<
T.— l8t,7a..
B.
29S 29V
6J
63
114
7S
116
Preferred
BONDS.
Atoh. A Topeka— 1st,
CoUa;. Trust, 68
7a..
103 Hi
KOADS.
Plain, 68
Vort«raKe, 58
Cous., 5s, coup,. 1919...' Il2'ii
lOSHi
5s, '18
2d series 53, 1918
Peuu.A N.Y.Can.— 5s.'39
Phlla.
Erie—con. 68... {
1
105
102H,
'
92
6«
Bart. A Mo. R. In Neb.—
Bxenipt,68
119
Non exetnpt. 68...
107 >!
Land Kraut. 7s
OalUoruiii Suutb
InoomOj 8«
116
116
A
General mortg. 48
103
Pliilailel.A Read.-lst, 68
2d, 78, C. A K., 1893.... 113
Cons., 7.S, coup., liJll... 136
'
96
39
Cons., 6s, g., I.R.C.1911
Imp., 6s, g,, coup., 1897.
Cous. 58,, 1st ser., 192'J. lOiae 102
Deferred iucouies. coup
15
K. C. Ft. S< ult * Mini, ,68'
ii«'
PUII.W. A llalt-Tr. c, 4s 101»4
K. C, Ft. Siott >t Glf.-78 ii'fs
Pitts. Cin. & St. L.— 78,cp. 118
Kana. City Law.A So.— Ha 100
SchuyL B. E. 8.— let, 68.. 104% 105
fee. Mempb. A Blrm— 68 10<i
Steuben. A Ind.lstm. 58, 105 "a
Kan.Clt. Ht.Jo.AC. B.— 78
United N. J.— G. 68, 1908
K. City SiiiKt M,mn.-68 i
115>s' Warreu & Frank.— 1st, 7a 109 14 109 »4
K. City Cliu. A Spr i.-Ss «
lOOHi West Jersey— Ist M.,78..
l^ltUe U, A Ft, SU1.-78...
100
W. Jersey A Atl.— Ist, 6s
Ixiul8V.Ev.ASt.L.— l8t,68{
109 >« West Pcnu.— 68, 1893 ..., 107
....i {63
2dmort., 2-68
Pittsbiirst Br..«B
103
O onsol. of
lat, 6a,
m
Ver nont— S»..
Kasteru. Mass.— t>s. new.,
A
88
87>4
Sl"4
18Hi
68
.
.
Har. H.
87 »<
Out.-192S,
BALTIMOKE.
6a.
RAILROAD STOCKS
A Ohio
.....I
1923, 6a
•toxlcanCen—48..
1911..'
Jstcon. Inc.,!f8,193.....|
2d con. Inc 3.., 1M9 ..
». Y. AN. Eng.-l8t,78.
.
letmort., 6s
19
128
A Aognsta....
RAILROAD BONDS,
Atlanta A Char.- 1st, 78,
Income, 6s
Bait. A Ohio-4s, 1935
Western Maryland
'
!
I
Cent,
BeU'aGap
2d OS
1
44'«
I
A Atlantic, pref.
ImlraA WlUlamsport...!
Kaat Pennsylvania
t
{
1931
7
Seab'dAKon'ke— 58, 1926 105
66>i
50
7«
West, Md.,
Srt
guar., 6s.
Wll. Col. AAng.,6e,1910
Laat price this week.
I
Per abare.
100 14
50 V
3d, 3h
1st Inc., 58,
37
>
Preferred
5101
A Aug — Ist, 78 5 1 lO"!
A Balt.-l»t8.i 100
iChar. Col.
Cin. Wash,
VJamden
US'*
N. Y. and Broo klyn Gas Securities—Brolcers' Quotations.
QA8 companies:
KrooklynG.sLight
Oitlzens' Gas-Ligiit
Bonds, 58
<Con8olidatcd Ga«
Jersey city A Hoboken
jfetropolifan— Bonds
acntnal (N. V.)
Bonds, 6s
Xfaaaan (Brooklyn)....:::
Bcrip
New York
I
1(9
70
103
89
l.)0
88
170
120
104
102
llfl
102
100
110
100
BBCURITIES.
O.V W.AM._l.vj,.D.lit:
"Oontlnenui Cjn. A Imp..
SboreAAt—atk.
p»o— stock.'.".:;:
*i?w»
I«t8a
-Oonaol. 6i
iBoomeSs
i«t prof
8
23
7
19
13
'no
Bouils, (Is
IIOS
iMetrimiilitan Brooklyn).. 89
126
100
120
110
127
103
125
112
A«li,
Nowb. Dutch.ACoun
J.
21
23
Hi
Land Grant...
Newp. N. A Miss, Val
AW.— Ist aco.int.cort.
.
17
20
22^
20
37"
63
-^
67
4U
104
3U
4
-A
f,t,
Tex..
25
102'-,
Scioto Val. Ist, 78,Tr. roc. 113
7'i
29
32
2d, 7,s. Trust receipts...
Toledo Peoria A West...
Utah Central
Wabash -.N'ow
A:I.I)iv..Hb ibs'
I
Paul E,A Or.Tr..lat6e
20 >g 30>*
-oUSUls 117
I
let 68
Ss
...
West. N. Car.—Con.6s
...
New
2(1.
l-t,
5s
85
.
13
14
100
103 Hi 104
8I)»4
92
I
.
. .
19
18
N. V. V.-.M.A BuBT
N. Y. A Greon'd Lake, Ist "33
2d mort
7
N.Y. Loan A Imnr
43
N. Pac. P. d'Orellle Div.. 102
Mis onrt Olvisiou..,
102
North Ktv.Cons. Co.scrlp.
3
St.
1
. .
1
125
871.
Southern
O. Piic.
O. I.
.
.
SECURITIES.
Max. Nat.Construct'n Co.
Mlchlg»n A Ohio
Mt. Des.A East Sh. Ld.Co.
N.
N.
.
'
I
;Miiuldpal— Bouds, 78
'Fulton Municipal
Bonds, 68
Equitable
Bonds, 6s
IS
2d ace. Int. cert
35
IISV UHHi Oitiin s.s, Cd. 1st, guar. 102
Hi', Pensacola A Atlantic .
84
5
31
311, Postal Telegraph— Cable. 32
a
St. Louis A Chicago
Fl.Sinllb,.
,v
52'
^*^''r
77
123
112
Pref
i»t?8
;:
JCeely Motor
«>b(iii .4 Wilke^Coal...
J'
IVl
praC
V....U
Ask
<,
Kanawha A Ohio
^Il-
,
75
I
Bid. Ask.
42
A Plke'8 p-k, 1st 68 100
.AM. A Char. Air Line....
_lat,7«, 1907
121
Knoklyn BleT*d-atook.. 119<i
35
40
Branawlok Co
22^ 24
Oallfomla Paeiflc
10
Ist mort., 4fs8 .. ..
108 112
?d nort.. guar
104 .Hi
(Jhlc. A Atl.— Benefiilary.
6H1
7
?d
Bid.
Is
80',
91
614,87.5
Jan. 1
to
1888.
1889.
S
$
172,902
6,155
12,992
609,776
Latest Date.
1,304,345
61,818
73,409
76.214
12,447,973
40,170
2,161,383
j
1888.
!f
1,141,951
58,074
73,442
2,505
l,'a4
121,961
89,499
l,'7i6,623
25,446
24,874
682,464
17,848
29,422
502,-'85 1,118,339
CaUfor'aSou..
818.312 801,898 16,798,806 15,935,188
Total systerat
102,553
82,646
Atlanta & Char June
709,770
624,933
31,801
26,309
257,918
Atlaiita& W.Pt. .Vugust
247,318
39,000
23.487
Atl. C DauTille. August
53,'284 1,814,013 1,879,475
48,051
Atlantic i Pac. 1st wk Sep
1,455,899 1.315,937 9,111,330 8,600,112
B.&O.Ei*;L:nc* July
407,710 341,618 2,716,818 2,617,196
We.^t«ru Lines July
July
1,863,609 1,657,555 11.^28,148 11,217,308
Total
12.5,232
127,1.53
Bait. .V PoloTuac July
912,655
872,584
75,742
July
71,079
Beech Creek
433,900
545,380
29.248
39,424 1,316,690 1,308,424
Buff.Eoch.AFlK Ist wk Sep
13,124
12,195
Cauo V. A Chic. 4th wk J'ne
325,145
328,805
107,678 106,864
Camdeu & Atl.. July
381,873
359,875
Canadian Pacifle 1st wk Sep 335,000 258,00<J 9,457,022 8.498,482
29.254
28,025
246,836
Cp FT&Yad.Val August
204,291
53.121
Cent. Br. U. P.. June
60,572
3 '9,795
418,.502
581,801
499,003 4,009,461 3,768,702
Ccn. KK.& Bg.Co July
1.312„597 1,256,250 7,352,998 7,012,298
Contralof N. J.. July
1,326,023 1,331,781 7,117.897 7,'260,I29
Central PaciHc June
Central of 8. C. June
5,654
6,931
50,172
51,208
Cljarlcsf'u&Sav July
39,537
37,419
363,204
337,804
73,800
71.495
Char.CoL&AiiR, August
562,520
563,924
Chat.R'me&Col. August. ...
23,750
10,348
162,518
Chcraw. & Darl July
5,344
4,180
43,641
4i,787
A\lgli8t. ...
611,000 474,(X>0 3,795,081 3,336,166
dChes. & Ohio
194,740 169,983 1,316,604 1,261,294
cues. 0. &8. W. August.
Eliz.Lex.&B.S. June
56,391
77,207
391,047
457.111
60,996
Cheshire
June
50,835
296,919
266,507
4,649
4,742
Ches. & Lenoir June
34,567
38,499
72,003
Chic. & Atlantic. ithwk Aug
61,540 1,389.743 1,479,514
160,6li6
Chic. Burl. & No July
178.248 1,092,961
973,610
2,088.150 1 ,863,501 14,050,927 11,839,466
Chic. Burl. & Q. July
583,596 461,724 3,967,346 3,020,992
Lines coutr'l'd July
53.085
Chic.& East. III. ilst wk Sep
6J,.038 1,722,.504 1,754,130
Chic. Mil. &St.P.[lst wlc Sep
579,000 513,415 15,878,316 15.070.747
2,267,573 2,149,667 13,378.363 13,627,093
Chic. &N'thw'u.l July
Chic. & Oh. Rlv. AiiKust
7,412
6.795
47.521
32,548
27,086
Chie. Pe.&St.L.'jiily
30,691
1 89,367
176,895
76,J25 1,90(1.560 1,349,146
Chic.St.P.&K.C,i4thwkAtig 133,606
507,.594
Chic.St.P.\r.&0. July
550,630 3,246,685 3,314.8:»e
35,762
Chic. & W. Mich 4th wk Aug
41,606
898,264
924,970
6,686
Cin. Ga. & Port.s. AufTUJt.
6,813
40,532
40,994
Cin. Jack. <k Mae 1st wk Sep
12,335
13.273
402,70 1
350,747
142,365 120,893 2,442,797 2,E.53,469
Ciu. N. 0. & T. P. Ithwk Aug
Ala. Gt. South. l4llnvk Aupr
46,742 1,173,661
59,020
979,457
29,301
N. Orl. & N. E.'lthwli Aun
23.261
6J8.942
531,(>97
Ala. & Vicksb.'itliwk Auk
15,955
14,000
349.016
286,029
Vicks. Sh. & P. Ithwk Aug
19,466
18,696
314,276
317,776
Erlanirer Syat. 'Ithwk Aug
266,107 223,591 4,938.692 4,468,427
Cin.Rich.A Ft.W 1st wk Sep
8,652
9,297
300,530
273,664
Clu. 8el. & Mob. 'August....
5,484
7,730
59,774
65,907
Ciu. Wab.&.Mich. August.
56,427
48,871
344,206
312,279
Cin. Wash.* Bait Ist wk Sep
52.3i)9
47.202 1,397,7*1 1,376,979
Clev.Akrou&Col ithwk Aug
21,193
22,166
476,652
414,439
Cley. cS Cautou.. August
42,000
31,382
274,365
249,355
eCl.au.Ch.&S.L 4thwk Aug 405,063 370,295 5,778,291 5,111,609
Cley. & Marietta August.
24.020
22,998
163.307
177,531
Color. Midland. 1 »t wk Sep
31.280
25,692 1,106.171
880,047
August
Col. & Greeny
53,150
49,061
436,729
377,828
Col. & Cin. Mid.. 1st wk Sep
9,457
11,466
225,716
228,199
Col. Hock. V.&T. 4thwkAug
61,830
76,318 1,551,686 1,817,933
Covlug.&Mac'u. JiUv
7,935
3,965
52,923
23,309
Uay.Ft.W.&C'hI. August. ...
50,111
42,678
205,9.55
315,766
DcDV. & Klo Gr. 1st wk Sep 164,000 158,000 5,158,413 5,090,391
Denv.e.P'k&Pac June
86,099 104,606
387,222
511,358
/ Don.T.\.A F.V>: August
258,046 195,208 1,437,737 1,100,744
Det.BavC.A-Alp Jthwk Aug
11.387
14,388
351,813
323,287
I>ct.Laii8'g.<.- No 4thwk .Vug
710.2'20
33,234
36,811
640,883
Duliith S.8.& .\tl Ist wk Sep
44.7J1
44,377 1,213,284
931,605
E.reuu. Va.ACJii. 4thwk Aug 172,849 148,536 3,877,090' 3,566,583
Evaus.cfeliul'plife Ist wk Sep
8,434
6,343
195,464;
162,871
Evansv. & T. H. 1st wk Sep
19,:i82
18.125
591.2.371
582.576
Fitchbiirg
July
522,624 469.770 3,168,669 2,910.017
Flint. & P. Marc|. 4thwk Aug
65,112
06,518 1,570,880, 1,616,333
Flor.Ceut. &P.. 4thwk Aug
24,479
l(!,-.'79
732.476
689.482
FLW.Cin. AL.. July
23,782
22,686
163,696
148,446
1'22.812
101,(j'22
Georgia Paeillc Augu.st. .
854,604
795,266
Geo. 80. & Fla.. July
27,481
3,499
149.147
4 ,730
46,823 1,578,031 1,534,997
Gr. Rap. & lud. 1st wk Sop
Other lines. .. 1st wk Sep
3.437
4,021
137.073
136,512
Grand Trunk. .. Wk Aug.31 425,283 4;K),57,J 12,727,307 11.791,534
Chle, & Gr.Tr.Wk Aug.31
77,035
59,220 2,293.457 2,096,117
24,018
Dct.Gr.n.&M. W'kAug.31
25,030
662.223
710,187
. .
I
iWllIiamsburg
i(i'i
Jua. Bank Note Co
Prof
,
People's (Brooklyn^.
Stock E.vchaiigc-Uulisted Seenrities.
.Atoh.
J»«l.8.
GAS COMPANIES:
Ask.
Bid.
107
67
.
.
106
10 I,
Yaa.--l9t,6(
Ohio- 6s, 189U
.
Aug
Aug
Aug
Aug
4thwk Aug
4thwk Aug
AfcU. T. & 8. Fe.. ithwk
St.L.K.C.&Col. 4th\vk
Gulf.Col.*8.F. 4th wk
Califor'a Cent. 4thwk
.
120's
101>i
.,
CapeFearA
'
PHILAOELPHIA.
XAILROAD STOCKS
11
120
6,180
9,787
11,300
. .
:
CliarL Col.
1
Reported.
1889.
$
211,978
.
105
47 «
Central Ohio
Preferred
2d mort., 68
110 IllCi
Ogdena. 4 L. C.-C0U8., 68 }
101
Katland-5s
lOOV'
Sonthern K ansae— 68
87
Texas Dtvislan-58
70 ..
Ineomea
79
{
Wlacon. Cent.-l8t M., t>8 96Hi' 97
Jncome, Ss
68>9' 69
93
125
85
Ist pref
2d pref
ll7'e
I
t
Baltimore
Veek or Mo
Alleelieny Val. July
Anniston & Atl. August.
Anniston & Cin. AUglLSt
Ash V.& Spartan Augu.st.
Penn.-Gen,68, coup.1910 130
C0U8. fis, coup,, 1905 ...'
BamingH
Latest
II8S1
136»<
2d, 78, reg., 1910...
138 >a
Cons. 68, C. AR., 1923
North Pe'nn.— l8tM., 7s^ 113
Oeneral mort. 78, 1903. 130
N.y.PhlLANorf- l8t,68 -109. 110
52
Income, 68
50
4138, Trust Loan
Perkiomen— Istse.
July, September
is
third Saturday of each month.
1
Wlaconaln Central
month—v'z., January, March, May,
aid NuVember, and
US
{
16
111
16'«
2d mortK., 78
{119 S 121
Consol. M., 5s
ISS
Lch. V.-lst, 68,C.* R.,'98
«*"»
The Investors' Supplement, a pamphlet of 150 pages,
oontains extended tables of the Funded Debt of Sta'.ei and
Cities and of the Stocks and Bonds of Railroads and other
Companies. It is published on the last Saturday of every
1>.
Hnnt'nA
Intjelligettcee
furnhhtd without extra charge to
47 «
all regular iubscribers of the Chro.nicle.
Extra copies
are sold to subscribers of the Chronicle at 50 cents each,
351a
and to others at $1 per copy.
The Oejitral Quotatims of Stocks and Bonds, occupying
lie's nix pages of the CHitONiCLB, are now published on the
RAILROAD BONDS.
Allfgh. Val.-7 3-108,'96.
Inc. 78, end. ctiup.,'94.
BellsGap— l8t M., 78....
^ailruad
other
228' 230
,
CounectiiiK— 68
Mancbester A Lawrence.
Mexican Central
Tnim,
A
United Co'8 of N.J
West Jersey
West Jersey A
Clcartlelcl
..J
St. L.
A
73
{
Blrm
XonlaTille Erans.
Preferred
Itatne Central
Vermout &
64
27 >« Chartiers— 1st mort.. 7s.
26'(
<
Haven....
s.
A Mem.' 7S
Ft. Scott
Bnmniit
28
{118
I
K«tern
A
NesqnuhoninR Valley...
Northern Central
North Penusylrania
'
A PMsamp..
70
72
Little Schuylkill
Mlnoblll
AND
St
54 V|
64
Lebigb Valley
Snnbnrv
30
'.281
'
ProJerred.
Oonnoctlcnt
20 >• 20
47
Pennsylvania
Phil. A Erie
iaHi
'
Oonoord
M.
k
...'
OleTsUnd it Canton
KmlC.
SVC
168
aoi
280
Jttwestment
Ask
Bid.
A Broad Top
Preferreil
I
Odllornlit Soulhern
Ohio. BnrL ± North'n
Ohio. A We«t. Midi
SBCDRITIES.
A.sk.
I
[Vou XLIX.
.
.
. ... .
September
11
1
.
1
1
Bamtngi
Reported.
Jan.
1 to Latett Date.
*
97,719
June
HouKfttoiiic
1889.
Hons.cVTe'C.Cen. Aneiist.
...
...
HuiiH'st'u.V'Shen Au^uat.
280, 1 39
1.5.000
July
1,001,019
Oodar K.&Mlu. July
Dub. ifcSio'xC. July
Iowa lines
.Inly
Total iill .... July
«,90(i
Ill.(>ii.(lll.&8o.i
120,3S0
127,292
1,188,341
Ind.Dec.ifcWcst. AuKust.
...
July
Int.ittJt. Noi>...
2.53.740
Iowa Cc-iitral... Ist'wkScp
KanawliaA Ohio Itliwk Auj?
& JVlRin.
& Sp.
K.C.F.H.
Kan.
irlnvk \ui(
itliwk Aug
3ilwkAu)?.
AuKust. .
3 wk.s Aug
C. CI.
K.C'.Mcm. &Bir.
K. C;. Wy. & X.W
Kentucky Cent.
Keokuk it West.
.
3d wk ,\ug.
ItliwkAug
Kinj^at'n itPeiu.
Kno.xv. & Ohio. June
Tj. Eric All. & 8o August
L. Eriu & vVest.. 4tbwk Aug
LehlKhcfe IIud..'AUKUst.
Uock & Mem. Ithwk Aug
Long Island
'.Vugust.
La. & Mo. River. June ...
Louis.Ev.A St.L. Ithwk Aug
L.
Loulsv.&Nashv.
1st
N.A&Ch.
1st
lat
LouLs.
43,1.'57
wk Sep
wk 8cp
wk Sep
30,763
10,374
141,346
7,(M9
20,fi21
38,900
69,.574
7,666
6,700
40,110
,5,170
88,233
30,319
17,107
475,728
36,949
38,483
362,50,5
1888.
1889.
$
S3gr
LeUttt
KOADI".
WeekorMol
1
THE CHRONICLK
14, ISbG.J
Latetl
2
....,. .
.
Roads,
1888.
gaming*
WeekorUo^
Reported.
1889.
I
Jan.
1888.
I to Latett Dale.
1889.
1888.
I
96,415
220,001
517.7981
484,947
1,660.939 1,3!I(),IM»:)
88.S05
ll,592i
iH.786
888,366 7,467,819 6,339,960
8,486!
49,988
5l,ii58
112,997i
891.566
911,056
1.51,483!
941, .551
962,712
1,039,819 8,409,373 7,302,672
45,137
243,557
237.121
210.149! 1,777,716 1,56.5.8(16
28,391
946,221
891. .51:!
8,091
177,776
176,:i20
122,715 3,033,885 2,708,863
7.859i
170,888
170,195
12,077
29,682
265,570
170,701
70,566
5,767
613,583
613,999
198,420
191,038
7,9'
125,901
124.728
38,793
278,998
237.359
5,777
39,420
37,2
79,090 1,614,872 1.336,101
25,128
181,879
16.3.213
13,781
363,429
435,172
451,773 2,353,002 2,300.0(;5
33.281
192,297
205.619
34,226i
648,511
632.155
326,095 11,728,131 10,741,397
48,811 1,595,945 1,466,810
35,545 1,650,259 1,463,817
H
53,003
Lonisv.N.O. <teT.
44,656
Lou. St.L. Tex. August. ...
31,815
Louisv. Soutirn. .lugust
37,000
27,323
Memphis & Chas 4th wk Aug
36,120
30,469 1,080,375 1.014,032
(Mexican Cent... l.st wk Sep 106,602
81,982 4,184,802 3,980,443
JMex. National August
305,173 176,729 2,441.664 1,500,627
{Mexican K'svav Wk .iug.24
73.678
66,555 2,765,027 2,023.113
Mil.L.Sh. it West 1st wk ,Sep
73,625
67,821 2,321,450 1,863. 65
Milwaukee it Xo 1st wk Sep
23,400
20,948
777, ;52
701,1132
Mineral Range. August
9,167
9,603
70,610
62, 2 1
••
121,480 106.180
, Minneap. it St.L. August
832,647
8.3 1,2:15
M.St.P. &S.S.M. August.
115,375
116,102
864.625
601. .!67
Mo. Kan. & Tex. August.
681,623 572,569! 4,449.058 3,990.001
Mobile it Ohio.. August...
223,865
192,779 1,906.913 1,572,919
Montana Union. .Tune
64,206
73,844
344.142
373,162
Nash. Ch. it St.L. .Vugust.
328,640 272,185 2,292,730 2,024,78 I
New Brunswick. Juiie
87,504
80,969
432,659
402,036
N. Jersey & N. Y. July
23,550
23,806
131,000
130,219
New Orl. it Gulf August.
12,291
10,444
104,953
98,601
N. y. C. & ILR. August... 3.400,98 3,273,771 23,133,048 " 16,3113
l2,.538;440 :,378,769 14,733.022
N. Y. L. E. it W. July
15,
i-^0
N. Y. Pa. it Ohio Julv
378,576 5.54,5
3,4P3,7(;SI 3,3 17, .".111
N. Y. it N. Eug. JulV
492,069 464,99
3,091,177 2,906.766
N. V. it North'u. August.
61,550
56,933
402.675
373.1)8:J
N. Y. Ont. &
1
wk Sep
43,405
43,129 1,247,614 1,161!, 377
JN.Y. Susq.itW.'july
140,301
123,287
741,232
782,324
Norfolk it West. '1st wk Sep
113,276 103,545 3,587,429 3,251,301
N'theast'u(,'^. C.) June
32,274
43.041
328,115
341,801
North'u Central. July
543,804 .562,345 3,259,105| 3,462.488
Northern Paeiflc 1st wk Sep 455,6'
378,712 13,512,460 11,086.730
Ohio Inrt. & W.. 4thwk Aug
37,095
38,662
911,795
933,^63
Ohio it Miss
1st wk Sep
94,108 106,013 2,034,683 2,301,307
Ohio it Northw.. August
21,479
17,398
137,904
120,003
Col. it Maysv. .\ugu.st
1,144
£30
Ohio River
'Ithwk Aug
12,689
12,619
348,768
286,877
Ohio Southern August
46,185
51,398
323,893
33:1,722
Ohio Val. of Ky., Ithwk J'ly
6,157
68,688
4,533
78,682
Omaha & St. L. July.
42,024
31.393
263,373
22 4,945
Oregon Imp. Co. July.
413,592 421,037 2,400,441 2,891,618
Oreg. R. &N.Co.[July.
567,932 528,094 3,234,884 3,320,972
Orcg. Short Line .June
289,736 227,021 1,462,376 1,175,776
Pennsylvania
Ijulv.
5,241,674 4,822,412 33,245,911 32,680,617
Peoria Dec.itEv. 1 st wk Sep
15,310
17,013
453,928
477,257
Petersburg
July
36,076
36,339
258,917
288,644
Phila. & Erie... July
481,758 440,468 2,442,493 2,338,642
Phila. it Uead'g. July
1,804,311 1,743,553
Pittsb.it Weston July
120,399 104,442
696',7V8
799,907
Pitts.Clev.itT. July
43,698
42.284
287,088
258,733
Pitts. Pain. it F. July
26,984
34,366
169,146
136,172
Total .system 1.at wk Sep
39,569
43,941 1,488,832 1.327.91111
Pt. Royal* Aug. July...
21,271
196,127
22,693
173,296
Pt.Roy.it W.Car.jJuly...
19,609
178,l:i2
21,553
198,838
Prescott it Ariz. Auguiit
10,839
10,854
63,634
85,885
cR.it Dan. Sy.s'mllst wk Sep
217,094 210,8411 7,290.376 6,485,449
Rich, it Petersh. July
23,039
23,687
169,404
153,912
Rio Gr. West... 4thwkAug
50,375
39.875
823,357
929,796
Rome W. & Ogd. July
343,483 300,398 1,882,766 1,799,665
St. Jos. & G. Isl. ist wk Sep
24,342
33,301!
776,392
705,209
St.L.A.&T.H.B's tthwkAug
32,606
25,679'
658,259
575,502
St.L. Ark. <t Tex. l.st wk Sep
71,533
67,513 2,104,068 1 ,800,340
St.L.& San Fi-an. 1st wk Sep
126,413 113,630; 3,799,118 3,6-28,816
St. Paul <k Dcirtli August.
129,767 165,535
734,21-1
977,063
St.P.Min.it.Mau.lAugu.st...
645,182 789,995 4,681,635 5,705,362
Ea.st. of .Minn.' August. ..
58,000
MontauaCent. August
82,983
40,604
S.Ant.it.Vr.Pass. Ithwk .Vug
41,265
22,387
613,397
761,242
8. Fran.&N.Pac. Augu.st
83,126
71,329
8a V.Am, it Mon. August
14,415
7,706
114,596
55,310
Scioto Valley... .Tuly
55,204
52,789
355,590
364,974
Seattle L. 8. & E.I 1st wk Sop
7,375
3,683
176,237
Shenandoah Val August
5-44',295
100,000
85,897
580.665
South Carolina July
96,661
83,211
676,914
723,434
.«!
Union
Paeiflc... July...
Total systeuit.. .June ..
Utah itNorth'n. Juno
2,716,.578 2,54 1,064 15. !>5.263 16,037,64*
.
3,240,289 3,2o:t.'(62
174,172
18<i,l()ii
61,656
19,832
181,900'
..
August
Valley of Ohio..
VermcMit Valley
Virginia Midl'd.
Wabaali Kailw'y
rtWaI>ash
Wa.sh.O.it West.
Western of Ala.
July.
..
August
June ..
1 St wk Sep
August
August
West.N.Y.&Pa. 1st wk Sep
West. N. Car'l'a. August
West.Jersev
Wheeling
11,359 17,439,111
928,3.5«
391,340
98,135
1,170,01»
2.911,96«
8,046,347
75,313
284,031
2,101,707
6,375l
1
.July
L.E. 1st
it
:
559,240
283,774
August
W.V.Cen.itl'itts.
li;.:
wk Sep
wk Sop^-_
38,265
80,300
63,200
191,052
70,394
19,196
52,961
100.952
408,273
857,172
401, 990.
588,392
399,887
Wisconsin Cent. 'Ist
82,180 2,69o!l70 2,477,46a
t Including lines in which
half ownership is held.
; Mexican cup.
rency.
a Wabash R'way now included.
b Includes the Mcmubls
division ill 1889.
c Earnings of entire system, including all road oper"'"liiuond & Allegheny Included in both years. / Includes Fort
?.?'i,, ^
Worth
Wil.
*Yn. Col.
v>oi.
Aug June
Aug.
it
iv
&
U. C. for
three
first
months
Lategt «r6ss Earnings by
In both years.
Weeks.—The
latest
weekly earn-
ines in the foregoing table are separately sainined up as follows:
For the first week of September the gain reaches 9-33 per
cent on the 50 roads which have thus far furnished figures.
Some of the companies report for one less working day thaa
last year, and the Buffalo Rocliester
Pittsburg has a decrease
by reason of a strike at the coal mines.
&
.
.
1
.
.
'
.
.
W
. .
.
.
:
,-:t
;
.
'
.
.
.
. .
[
'
I
.
I
1
.
So. Pacific
I
Co.—
\
Gal.IIar.&.S.A. July
Louis'a
280,574 266,322 2,081,021 2,120,893
88,928
316,422
71,125
578,762
366,403 335.526 2,769,988 2,773.038
14,302
62,1 18
9,793
79,053
147,409
77:1.1172
109,424
896,550
897,676 792,191 6,405,374 6,246.469
3,128,438 2,947,469 18,898,242 19,549,542
4,026,134 3,739,639123,303,015 25,796,01
West. July
I
Morgan's Lit T. July
I
N. Y. T.
Tex.
<t
Me-x. Julv
&
N. Orl. 'July
Atlantic sys'm .July
PaclHc system July
Total of all.. '.Tuly
So. Pac.
RR.—
}
No. Uiv. (Cal.)'june
So. Dlv. (Cal.) June
Arizona Div.. June
New Mex. Dlv. June
Spar. Un.it Col. June
Statcn I. Rap.T.'August
Sninniit Branch. July
Lykcns Valley .Inly
Texas it Pacitlc. 1st wk Sep,
[
Tol. A. A.& N. ,M. 1st
ToL Col. CIn 1st
Tol.it Ohio Cent. 1st
&
.
.
wk Sep!
wk Sep
wk Sep
T0I.& O.Ccn.Ex. August.
Tol. P. * West..
Tol. St. I,. & K.C.
1st weele
I
...
Ithwk Aug
Ut wk
.Sep
189,246
495,591
127,236
67,843
6,843
126,485
„.^ „..,„
98,389
54|570
108,093
19,087!
4,966;
30,476
8,231
25,087
25,355
182,368
554,678
15,5,598
84,842
5,357
131,921
107,136
57,165
108,984
14,577
3,736
23,527
8,042
23,843
14,716
948,262
2,960,363
936,73
888,892
3,388,459
481,8.52
540,8:)9
55.239
660,731
679,883
457,278
3,990,164
1,136.098
47.911(1
646,117
si2.:i:i:i
5r^2,390
3,9(i2,llO-:
62:1,377
163,8(r2
416.18S
787,428
82.368
769,73 I
56,054
573,6031
658,275|
336,916
121.12:1
533.113:1
of September.
Atlantic
A
* Buffalo
Roch
1889.
Pacific
.
& Pittsburg
Canadian PaeiBo
IChlo.
&
East, lUiuols...
Chicago Mil.
Paul
it St.
.
Cincinnati Jack. & Mack
Cincinnati Rich. & Ft. W.
CIn. Wash. & Bait
Colorado .Midland
Col.
& cm.
Denver
Midland
Kio Grande. .
Duluth S. S. it Atlantic.
Kvansvllle & Indianap..
it
&V.
Evansville
H
Grand Rapids &Iad
Other
4.5,730
lines
3,437
30.765
362,505
53.003
44,656
106,602
73,625
23,400
43,405
113,276
45^,675
94,108
15.310
39,569
217,094
24.342
71,533
126,413
7,375
108,093
19,087
4,H68
30.476
25,355
283,774
80,300
19,196
100,932
Iowa Central
&
Loalsvllle
Nashville ...
Louisville y. Alb.
Chlo
Louisville N. O <t Texas
&
.Mexican Central
Milwaukee
Sh.&West.
.Milwaukee & Northern
N. Y. Ont. & West
Norfolk & Western
Northern Paeiflc
L.
lOhio & Mississippi
Peoria Dec. & Evans
Pitts. & West., tot. sysi'm
Rich & Danv. (8 roads)
Joseph <S Gr. Island..
St Louis Ark. & Texas.
8t. Louis & San Fran
Seattle L, 8. & East
Texas & Paeiflc
Toledo .Vnn A. & No. Mich
St.
&Cin
Toledo Col.
Toledo
Toledo
& Ohio Central ..
St. L. & Kan. C...
Wabash
Jconsol. sj stem)
Western N. Y. ifcPenn
Wheeling & Jjake Erie
Wisconsin Central
Total (50 roads)
Set increase (922 p. c).
*
t
49,034
29,248
335,000
53,085
579,000
12,335
8.652
52,359
31.280
9,457
164.010
44,751
8,434
19,382
j
4,019,059
1888.
Inereaie.
9
«
s
53,281
39,424
25H,00('
63.538
513.415
13.273
9,297
47,2'
25,692
11,466
138,000
44,377
6,343
18.125
46,823
4,024
28,391
326,0'.i5
48.811
35.545
81.982
67,821
20,948
43.129
103.545
378,71L
106,013
17,013
43,941
210,841
33,3(1
67,513
115,630
3,683
108,984
14,577
3,73(i
23,527
14,716
296,504
72,400;
17,913i
82,180
3,679,734
•
5,230-
10,17«
77,00c
10,453
65,585
93S
645
5,157
5,58S
2,00a
6,CO0
374
2,0B1
1.257
1.093
387
2,374
36,410
4,192
9.111
24,620
5,804
2,452
final
-••
276
9,731
76,963
11.90&
1,703
4,372
6,253
8,959
4,020
10,783
3,692
801
4,510
.230
6.919
)
10,639
12,73»
7,900
1,283
18,772
411,016
339.325
Decrea.se due to strike at niinos, stopping
" shipments of coal
Only 6 days In 1889 against 7 In 1888.
For the fourth week of August our
on 89 roads.
Deeream..
71,69*
and ooke.
statement showa
12'29 per cent increase
ilh teeek of August.
Inereate.
Zteereate.
S
Prev'ly report'd (41 roads)
Atch Tit S. F. it L'sed I's.
St Louis K. C. & Col .
.
Gulf Col.
&
Santa Fe
..
California Central
California Southern....
Chicago
Chicago
St, P, it
K. C...
& West Mich
.
Other lines
•Grand Trunk of Canada.
•Chicago
it
Grand Tr.
•Detroit Gr. H.
Kanawha
Kansas
Kansas
it
C. Ft. S.
C. Clin.
Kingston
it
&
.
Mil...
Ohio
& Mem ..
& Spr ...
11,57*
""5",8i4
42,516
1,619
2.027
34,768
7,503
3,001
3,57T
24,31S
i',4bii
8,200
4,172
144
24,710
17.815
1,018
'2,280
13,631
210
1,272
Pembroke. ..
Uock it .Mcuipbis
Louisv. Evans, it SI. L.
Uemphis & Charleston.,
Ohio Ind. AWfstem...
Little
.
66,85S
57,381
....
N O. it T. P. (3r'd8),
Cluolnnati Rich. & Ft. W.
Cleveland Akron it Col..,
Oleve. Cin. Ch. & St. L...
Colorado Midland
Detroit Bay C. & .Vlpena.
Detroit Lancing * No
EastTenn. Va.it Ga
Flint A Pere Marquette..
Fla. Cei t. it Peninsula...
Grand Rapids & Indiana.
Cin.
723,273
5,099
891
S2,462
572
3.326
4,23:
5,651
1,5 6T
:
THE CHRONICLR
340
•
.*
1
Pfinv. (S ro«il«)
',
\Vf»tcrn ..
1'. H. Broba
A.\r. P«s»..
No. P»e
8r;i,ilr 1. -b. A Ivuiern..
Tulmlo r. •'! i;iA We»tcrn..
(.
'
.•i,,;,
&2,U06i
41,205
27,971
9.210
25,087
,V
i..:
1
tOUl
I
24,-^27
J. 170
e.).
96,324
'
tabes follow.
NetEarnlnffs Monthly to Latest D«tes.-The
the r Hurns
aho^ the net earnings reported this weeK.
as received, but not
tor each road being published here as soon
cover the
K.rstending from week to week. The figures
January
1, and also the
from
totals
the
and
mcntlis
litest
companies whose hscal year
totels for the fiscal year on those
year.
calendar
the
with
correspond
not
does
to«
July.
.
.
1888.
1889.
^-Jan. 1 to July 31^1888
1889.
»
S
211.978 172,902 1,304,343 1,141,951
447,985
532,t>9i
64,^9 J
81,911
Atoll.Top.*SaD.Fe-.Gro8». 1.541,062 1,610,398 10,G94,0J4
2,755,991
40!k,17d
Net.
31,220
6,512
8,766
81. L. K. C. A Col Gross
iUf.ti,3Ul
2,950
Net.
1,478,816
GoWCol.Ae.F., .Gross. 263,911 280,117 1,849,406
43,007
2.''.671
Net...
602,607
64,708
79,388
CoUforDla Central Gross.
8H,985
11,242
Net...
449,122 1,022,601
115,741
48,651
Calitomla Soutli'n. Gross.
254,118
15,192
6,248
Net...
.... 1?.62«,413
TOtUnescontrol'd Gross. 1,941,677
„..,oq.vq
2,918,858
450,289
Net...
t
SoadM.
Anetcheuy VaUey.
this should ensure increased traffic and earnings during the ensuing year. This result might be regarded
as a certainty if it were equally sure the rates could be maintained. Unfortunately this cannot be relied upon." * » »
" The road-way, bridges, buildings and rolling-stock have
been fully maintained, and will compare favorably with those
of the average Western railroad.
" Tlie Receiver was directed by the Court to pay the coupons
Duluth Raildue November 1st, 1888, of the Minneapolis
way bonds out of the moneys received by him from the rentals
of that line, and to pay coupons falling due thereafter on the
same bonds whenever he should have funds sufficient for the
purpose derived from the same source. The couimus due
November Ist were paid as appears by the foregoing accoimts,
and those due May Ist last will be paid by September 1st
proxiiuD, or shortly thereafter."
Earnings and operating expenses for the years ending June
30, 1888 and 1889, were as follows:
would seem that
1,089.684
993,36(
g,0d5,05(
I
Hoi Inoic—«iia29p.
This increase was in part due to exten-sive
repairs to roadway and bridges, made necessary owing to the
serious washouts of the spring of 1888." * * »
•'
Regarding the outlook for the coming year, the crops of
all kinds which have just been harvested are exceptionally^
good toth in yield and quality over the entire line, and it
1,214
23,84b
9,0"8.410|
(89 roads)
[Vol. XLjX.
a large increase.
2i,04l
H',500
6,927
18.S78
3,144
5,U4U
210.071
39.876
25,679
32.887
.
w
Dtertate.
$
I
233,112
50,37^
.
Increa't.
1889.
1889.
i h irtfk nf Augi'tt.
Rtrh.
7
:
:
.Gross.
Net.
&
tamings—
JA'.'^l?:-,
1888-9.
^o7V?iZ
316,1/
$932,346
43,014
23,860
22,938
42,933
$1..S77,039
1,015,000
$1,330,518
996,559
.$362,639
$333,939
Freight...
I'HSHBnger
Mall....
K.vpress
Mloce.lancous
30.i.909
23418
25,850
.
Roads owned Jointly—
,,„,.,
oka <ion
854,.520
110,461
6.8I0
Net... deM,591
13.629.283
Gross. 2,052,138 2,30('.000 14,480,934
'""
"" "'
Gross.
Atchlsou-shalf
Grand
total
"
'
448,698" 502,130
160,666 178,248
40,536
63,436
724,092 671.977
344,196 241,990
197,426 178,653
46,038 dcf 7,081
472,598 505,507
171,139 180.913
Ohio & Mississippi Gross. 311,078 275,591
49,917
78,7(;6
Not..
Oregon Impr'm't Co. Gross. 413,592 421,037
113,180 105,549
Net...
Dec. 1 to July 31, IGioss.
5^et...
Smontlis
481,738 440,4fi8
Phlludelpbla A Erie.Gross.
Net...
236,972 195,748
South Pacific Co—
Gross. 3,128,158 2,947,469
PaclUc System..
Net
*No...
.Gross.
Nut...
Bear. & Elo Grande Gross.
Net...
Hous. A Tex. Cent'l. Gross.
Net...
Mexloan Central. ...Gross.
Net...
CMC.
Blul.
"r<
402,135
4,298.113
1,647,531
1,380,820
Na^b. Cbatt.
1,176,092
3,119,628
1,666,795 1.310,452
2,137.780 2,010,1< 9
469,420
595,339
2,400,441 2,891,618
617,945
388,599
2,736,023 3,2112,-23
693,718
388,831
2,442,493 2,338,642
9a2,943
927,048
?,58P,'=03
all
A
St.
L. Gross.
Net...
$
328,610
134,728
$
S
272,185
118.981
2,292,730
June.
1889.
1888.
SoadA.
E. TcBU. Vi».
A
919,504
627,849
233,110
$
2,024,784
830,630
,'34,769
228,417
,—Jan. 1 to Jwie SO.—
1889.
1888.
S
G».. Gross.
Nft
Julylto June 30,
..
Gross.
12 months
)Net...
KBOxville A Ohio. .Gross.
Net...
•
973,010
73,554
4,226,691
1,280,210
213,036 df 168,209
Jaly 1 to Ahr. 31, ) Grofs.
2 months
(Not...
t
2,47ti,511
18,898.242 19,549,542
Net... 1,290,391 1,089,613 6,067,111 6,881,633
Gross. 4,026,134 3.730.059 23,303,615 2=i.7i'6,011
Net... 1,548,311 1,^37,755 7,572,794 8,529,988
643,978
OUo Central. Gross. 110,348 90,828 634,102
47,659
16,340
225,673
183,567
Net...
.
.
Auguit.
<—Jan. 1 (o Aug. 31.1&89.
1888.
1889.
1888.
Total of
ToL A
.925,673
1,092,961
472,771
356,>;08
438,397
192,664
)
2,655,594
1,12'.',«72
914,9,~4
5,843,.547
5,600,i09
2,03O.7p8
237.359
lOO, 500
2,141,491
40,110
15,899
$
2,883,175
38,793
18,395
278,998
109,641
Including th« Chicngo line. St. Joseph BE., Cbioigo Kansas
New Mexico A Ailz"na and Bonoia.
included in East Tenucs.'ice resiiltx given ahovr.
A
West-
enl.
t
Total
Operating expenses and taxes
Net earEings
" The net earnings by divisions in 1888-89 were as follows:
$16,390
Minneapo is ^t White Bear
70,410
Minneap lis & Mcrnam Junciion
63,902
Meirlam Junetion A Albert Lea
Iowa Exiension
^'IZ?
Ex ension
^*'*Z
40,16<
Extension
The rental of the equipment upon which the improvenient
and equipment bonds are, or are claimed to be. a first lien,
amounts to $85,617; interest uiwn the other improvement
and equipment bonds, $88,479; making a total of §174,097
attributable to the improvement and equipment mortgage for
the year ending June 30, 1889.
Cincinnati New Orleans & Texas Pacific.
8i>uthwestcrn
Pacitlc
fFor the six months ending June 30, 1889.^
Under the provisions of a resolution adopted at the meeting
February 18, 1889, the fiscal year of the company will hereafter begin on the first day of July in each year and close on
the thirtieth of June. In order to preserve the continuity of
accounts and to avoid the necessity of postponing until the
next annual meeting the statement of operations for the six
months from Jan. Ist to June 30th, 1889, the Board of Directors have deemed it advisable to publish a separate statement
The next annual reof accoimts for the period mentioned.
port will cover the twelve months beginning with July Ist,
1889.
The statistics are quite full and the following comparative
statement of earnings, expenses and income account is given:
REVENUE ACCOUNT, IIALFYE.VR ESDING JU.SE 30.
1888.
»37J,154
1,266,563
33,675
28.100
1,984
10,774
ReceiptsPii'iBenger
Freight
Mail service
Kxprees service
Rents
Miscellaneous
Tetal
Operating eipeitsei—
CoHrtuotinK transportation
$1,717,238
18 -^S.
$1,748,627
$162,637
$457,304
325.951
128,655
210,5S5
95,708
49,500
M.itive power
jMaimenance of cars
Maintenance of way
3i!d.007
115,916
204 810
General expense*
98,925
43,000
Taxes
ANNUAL REPORTS.
Minneapolis
CFor
&
St. Louis.
the year ending June 30, 1889.^
reiwrt has been promptly issued by Receiver
Trucsdale. He says
" The decrease in earnings during the past year as compared
with the preceding one was due to the several causes which
operated to reiluce llie earnings generally of all the railways
in the Northwerit. viz.
" Ist. Partial failure of^the wheat and oats crop, and
general
d^rewiou
all lines of business as a consequence thereof.
" 2d. Re<hiction.s in rates as the result of legislation
and
rulings of the railroad commissioners of the S2veral
States
throug.h which the road runs.
"3d. Roductiuns of rates and loss of traffic resulting
from
the o])ening of new hues to the East, via Lake Superior
Canada
antl ( hirago.
The low jwint to which raten on all Eastern and
seabfiard traffic have been forced during the past
year bv the
competition of the ten or more lines struggling for it is
without
a PMallel or precedent in the history of transportation." * * *
•
It will Ik! observed that the operating
expenses during tlie
past year have been reduced largely, witli
theexception of the
Hem for maintenance of roadway and structures,
which shows
An annual
m
1S89.
$375,669
1,273,810
48,495
33,514
5,681
11,556
10,960
$1,260,705
450,000
6,000
31,922
$1,717,258
$1,748,627
$1,2,50,297
Rentof roadway
Remui^ration of Trustees as per lease
450,000
6.0i '0
Balance to net revenue account
Total
1839.
A comprehensive summary for several years is given
in the
table following
RECEIPTS AND EXPENDITCRE8.
-Year endlngDec. 31,'86. Deo. 31,'o7. June 30,'88. June 30,'89.
Miles road operated..
Oi'QHS earniiigt—
Passenger
336
336
3J6
336
2,672,151
96.314
60.528
32,166
$794,399
$626,463
$740,617
2,130,765
66,903
43,654
24,384
2,493,039
63,693
24,6t>9
$790,595
2,597,190
67,192
54,900
25,896
$2,882,171
$3,377,551
$3,525,775
$3,655,859
Ope'ttting expentesContiuct'giranep'i't'n $635,293
$694,789
$829,299
49^837
.''9c),612
209,829
452.467
178,tU8
82,213
228, -155
$90a,74S
653,602
248,205
424,842
195,490
80,158
Freight
Mail service
Mxpres* service
Miscellaneous
Total
!\lotive
power
Maintenance of cars..
M.iintenance of way.
General expenses....
Taxts
Total
NfX tmn^ga
454,017
150,455
340,720
173.392
79.700
5.'?,f.30
440.742
lt<7.848
85,013
...$1,833,579 $2,116,786 $2,362,372 $2,510,602
,..$1,018,592 ^1,260,765 $1,163,402 $1,145,256
—
September
14, 1880,
:
THE CHRONICLR
J
341
-Yo«r eniliDi;
Other imumen'f—
Fi.r rental
SiirpliiB
Deo. 31, '*6. Den. 31 "87.
¥912.<>00
*( 4."43
,
...
ViM,">i'J
34i,7(>D
.luiio
aO.'88
O
251,402
!i'912,0
3<»,'H9.
*!112.0()0
2:t:{,2.'i6
iXI.OOO
DiviileniU
,Siukiijg
June
63,760
56,277
fund
Net surplus
$158,271
$284,999
69.19!)
$132,203
77,350
Interest aoiruei diirine tUoye.iron fuudeddebt
Old.ieciiuiit-" cliinxod iiff
Divl.lend payalilo Oct. 22, 1888, 2'21>. c. on $2i,010,9l,'0
Htoc-k
Divldi-n.l jiayalile Ajirll 26,
luul'uii'cd siock
188?-89.
iC'-"&t.470
231,120
540,272
iii-efi'iicil
1389, 2 p.
c.,
on $21,010,900,
482,218
$05,897
•*8, 201.087
Total
Balance at credit June 30, 1889
GENERAL INVESTMENT NEWS.
(jireen
special meeting of Bell
Telephone stockholders, Sept. 12, it was vote<l to increase
the capital stock from §10,000,000 to S12,.'-.00,000, under a
recent act of the Legislature. Stock will be issued so as to be
made payable one-half Oct. 30, 1889, and balance April 20, 1890.
American Bell Telephone— At a
Hay
$1, '538,882
Winona &
St.
Paul.—Measrs.
Walker
Jos.
& Sous have
received the assents to the reorganization pl^in
from the holders of about §10,000,000 of the securities this
amount being considerably in excess of the five-eighths required to have the i)lan become operative.
Indianajiol is Decatur & Sprin^neld.—The holders of tlie
company, which was to firat mortgage 7 per cent bonds of the IndiaiiapoUs Decatur &
build a connection at FLndlay, O., between the Cincinnati San- Si)ring(ioUl liaUroad will meet on Sept. 24 to fcike appropriate
dusky & Cleveland and the Toledo St. Louis & Kansas City, action relative to the default in the payment of the interest due
has been unable to do the work, and is threatened by its April 1.
Amerlenn Midland. — This
railroad
creditors with foreclosure.
Boston Concord & Montreal— Concord.— At Concord, N.
H., September 10, a meeting of the stockholders of the Concord Kailroad Company was held to determine whether the
company would unite with the Boston Concord & Montreal
Railroad Company in forming under authority of the Railroad Compromise Act. a new corporation to be known as the
Concord & Montreal Railroad Company.
The following resolution was adopted by a two- thirds vote of
Tliat this corporation agrees with the
tlie shares represented
Boston Concord & Montreal Raib-oacI to unite with the said
Boston Concord & Montreal Raikoad and form a new corporation to be named the Concord & Montreal Railroad."
The press repejrt says: "By the terms of the agreement the
new corporation is to possess all the property, rights and francliises of the consolidated corporations and assume all of thenThe capital stock of the new company is to be
liabilities.
'
:
'
divided into 48,000 shares of §100 each. Eight
thousand shares will be designated Boston Montreal & Concord preferred stock, entitled to an annual dividend of not
more than §3 per sliare. Five thousand four hundred and
four shares will te designated Boston Concord & Montreal
new stock, entitled to an annual dividend not exceeding i<^
per share, which may be made by refunding the present
funded and floating debt of the Boston Concord & Montreal.
Four thousand five hundred and ninety -six shares will be known
as Boston Concord & Montreal stock and entitled to an annual dividend not exceeding §6 per share, to be made by dividing the excess of saving in interest referred to in the preceding clause. Thirty thousand shares wU! be known as Concord stock and entitled to such dividends as may be declared
on it from the net eaiJiings after providing for the other dividends. These shares will be exchanged for outstanding shares
of the same natuie, share for .share.
Canada & St. Louis. This road, extending from Goshen,
^4,800,000,
—
Lonar Island.
—The
June 80 has been
filed
report below for the quarter ending
with the RR. Commissioners:
1889.
Gross famines
Operating exyeuaes
$322,149
Total income
Deduct—
..«
Taxs
Rentals,
$892,072
571,527
558,052
Netearnlngs
Otheriucome
Interest
1858.
$8''i',801
.•
&c
i;0,176
$320,545
26,801
$342,325
$317,349
$128,147
24,000
27,847
$74,923
22,600
71,903
$179,994
$169,420
$162,331
$177,923
Missouri Kansas & Texas.— The United States Circuit Court
T. over
has extended the jurisdiction of receivers of M. K.
Red River, the Dallas & Wichita, the
property of Ea.st Line
Gainesville
Henrietta
Greenville companies, the
Dallas
SaWestern, the Taylor Bastrop & Houston and Trinity
of
the
the
request
Mercantile
was
taken
at
bine. This action
the
consolidated
trustee
of
mortgage,
York,
Trust Co. of New
under which bonds have heretofore been issued on the roads
Total
Balance, surplus
&
&
&
&
&
mentioned.
The attorney for the Missouri Kansas & Texas Railroad
Company filed a motion last week to have consoUdated all the
suits now pending in which the company is defendant. There
are four suits, brought by difl'erent trust companies, one being
that of the Mercantile Trust Company of New York, under
which Cross & Eddy were appointed receivers. The hearing
will be before Judge Brewer, and may not take place tall
November.
Nashville Chattanooga
&
St.
Lonin.- The aimual report
A
dividend of 1}4 percent
will probably be ready next week.
was declared on the stock, payable Oct. 10. The annual report
will show:
,$3,300,105
GruBS earuluss
1,931,445
Optratiiigexueuses
was sold at Goshen, Aug. 17,
by a Commissioner's sale. The property was bought in for a
syndicate of Chicago capitalists by Henry A. Gardner, of that
It is stated that the line will be extended
city, for $32.'5,000.
$1,348,701
Net earnings
southwest to La Crosse, Ind., and on the north to Bay City, Interest and tuxes
929,599
Mich. The purchasers are the same parties who control the
$419,102
Balance.
Chicago & Eastern Illinois and the Chicago & Indiana Coal.
333,658
DiTideud
Central Pacific—The Centi-al Pacific Railroad Company
$35,444
Surplus
indebtedmay be reckoned among tlie companies refunding
Earnings for August and for the two months of the fiscal
ness at a lower rate of interest. In 1886 an issue of §16,000,Ind., to Sturgis, Mich., 29 miles,
000 6 per cent 50-year bond': was authorized, the proceeds of
wliich should be used for the pm'i)ose of completing the
CaUfomia & Oregon Divi-ion, and the funding of existing
floating indebtedness. About §9,000,000 of 6 per cent .jO-year
bonds were disposed of for the purpose above stated. As it
became evident that a 5 per cent bond could be dispo.sed of
on a basis much more favorable to the company, it was decided not to make any farther issue of the 6 per cent bonds of
1936, and an Issue of §16,000,000 5 per cent 50-year bonds,
Nearly all of the
bearing date April 1, 1889, was authorized.
§9,000,000 of 6 per cent bonds have been exchanged for the
new 5"s. Of the original issue of §10,000,000 land grant bonds,
nearly §6,000,000 liave been redeemed and canceled from the
proceeds of land sales, and arrangements have been made to
take up such of the outstanding land grant bonds as may not
he redeemed from sale of lands by their maturity, October 1,
1890, with the new 5 per cent bonds.
From the early construction of the Central Pacific Railroad
the Gei-mans have been large holders of the .securities of the
company, and it is understood that a syndicate of German
Vjaukers, including the Deutsche Bank of Berlin, have taken a
large amount of the new per cent bonds. These new bonds arc
couiion iu form, §1,000 each, payable principal and interest in
gold, interest payable 1st of April and October in each year.
Chicago Milwaukee * St. Paul. The directors met on the
11th and declared a dividend of SJ^^ per cent on the preferred
stock out of the earnings to June 30, on the following statement of income account for the fiscal year ending Jvme 30, 1889
—
1887-88
Ealanceatcrpdit July 1,1888
C;To^8e!^rhim;»
Iass
oi>eraliiig
1838-80.
$6!)'J.si8
$24,726,741
exjieuscs (iachwiUug taxes).. 16f474,316
25. 422.05'.!
16,548,3s.''>
Net eBrningH
lucouie from oihor sources
year are given below:
.
Gross earnings
Operating expenses
iugiut.
1888.
1889.
r-July 1
1889.
to
Auff.S'L^
1888.
$Gi7.849
374,738
$534,769
$11(:,081
$253,111
72,091
5,894
144.5:^3
$228,418
143,842
131,728
72.282
0.987
Net earnings...
Interest and taxes.
1 mprovenieuls
.
$328,010 $:72.185
193,912
150,101
30(>,351
12,225
11,
H9
"$77,935
$33,096
$156,758 $154,951
$96,351
$73,467
Surplus
Norlhern Pacillc— It seems rather premature to give further pai-ticulars about the new blanket mortgage before tlie
plan has been accepted by the stockholders. Mr. Villard says
to Kiernan's, as a member of the committee on the address to
" I can state that it is absolutely
tlie pref eiTed stockliolders
false that the draft imder consideration embodies a plan for
retiring preferred stock through the issue of new consolidated
bonds and new common stock. If such a plan lias been discussed by anylwdy, I do not know of it. I am certainly utterly
opposed to it. Nor is it true tliat any chango in the N. P.
Board has so far been considered among Duectors, or decided
$79,269
$55,459
:
upon."
—
Ohio Soutliern. At a meeting of the stookliolders of the
Ohio Southern Railroad Company, held at Sprmgfield, Ohio,
the action of the Directors in providing for an k-,ue of four per
cent general mortgage bonds and for the payment of all car
Authority was
trust obligations wa-< unanimously approved.
also given for making certain extensions, and the New York
Directors are making an inspection of thi- property. The new
arrangements were outlined in the C'Hi;o.NlCLE of August 17,
page 207.
Facilic Mail.—The agreement has been signed between the
Pacific Mail Steamship Company and the trans-Continentfll
lines of railroad, by which the steSmshi]! coTiipniiy will hereafter receive an additional guarantee o!
,
Net revenue
Total
for the yc.ir
$8, i25,490
„...,.
$n.0'Jl',fl51
'$9,;
09,770
.
from the
railroads.
.i^^.
.
-
.,
THE CHRONICLE
342
Richmond Mcliolasvlllc Irvlue * BeattyTllle.—The contract for jfrading. masonry and trestling on 57 miles, extendine from Rit-hnumd southeast to Bcattvville, Ky., was awarded
have
last wet'k to 1). Shanalian & Co. of Louisville, who also
the contract from Nioliolasville to Richmond, 23 miles. The first
only
di\-i8ion. from Versailles to Nicholasville, 16 miles, is the
one not under contract, and it is not expected tliat work will
be l)eK\in on it for some time. The cost of construction is estimated at $855,000, and the track is to be finished to BeattyThe parties
1-ille, the terminus of the road, in June, 1890.
interested in this road are the same as those in the Louisville
Chicago. A mortSouthern ami the Louisville New Albany
gage for $0,37.j,(t0(l lia.s In-en athorized.
St. Loiilst Iron Honntniii & Southern.—The Iron Mountain Directors have passed a resolution limiting the issue of
consolidated 5s to $45,000,000. The mortgage is at present an
open one. allowing the issue of bonds at the rate of $15,000 a
mile. The amount outstanding and authorized to be issued in
«xcliange for maturing underlying Iwnds is reported at about
$89,000,000. The limiting of "the issue to §4r>,()00,000 would
thus allow alK)ut 350 miles to be built xinder the mortgage.—
Street Journal.
LOUISVILL E SO UTHERN.
FIRST MORTGAGE OF THE LOUISVILLE SOUTHERN
RAILROAD COMPANY SECURING $3,500,000 GOLD
BONDS,
annual meeting
of the stockholders of the St. Paul Minneapolis & Manitoba
Railroad was held at St. Paul, Minn., on the 13th inst. The
following comparative statement of earnings and expenses
in the fiscal year ending June 30 is furnished in advance of
-the annual report:
1S88 9
*8,586,565
5,012,774
$9,561,905
4,769,"S6
$3,573,791
161,870
761,903
$4,791,9 9
271,938
450,758
1887, but in fact executed
and
deliv-
33, 1887.
sort, and all otiier things which may be or become a part of,
connected with, or appurtenant to, the said railroad;" also, all
rolling stock, equipment and property of every sort acquired
or to be acquired for use thereon; also the fu 1 benefit of the
contract with the Kentucky & Indiana Bridge Co. during the
full term thereof; also all franchises, rights, powers, privileges
and immunities belonging to the company, and all tolls, income, issues and profits to be derived from the above-described
& Manitoba.—The
-Oroe* earnings
•Operating expenses, taxes and
1917.
PTOj»er<2/ Co^-e?-ed.— The railroad of the company, '-in process of construction, and beginning at a point in Magnolia
Avenue, between Seventh and Fom-teenth streets, in tjie city
of Louisville, and extending thence through the counties of
Jefferson, Shelby, Anderson, Mercer and Boyle, and through
the towns of Shelbyville, Lawrenceburg and" Harrodsburg to
a junction with the Cincinnati Southern RR., at the terminus
of the Southwestern RR., and to Danville, including the Southwestern R.R., and any extension thereof to the town or village of Burgin, on said Cincinnati Southern RR. [completed
from Louisville to Burgin, 83 miles, in May, 1888], including
£ill
rights of way, road-bed, rails, bridges, railroad tracks,
switches, side-tracks, turn-tables, lands, depots, station houses,
round houses, machine shops, buildings and structures of every
&c.
Minneapolis
1,
1,
Parties.— The Louisville Southern RR. Co. of the first part,
and the LouisvUle Safety Vault & Trust Co. and Thomas H.
Sherley, Trustees, of the second part.
St, L. Kansas & Northern, Clarlnda Branch.—The first
mortgage bondholders of St. Louis Kanas City & Northern
Railway Comj)any, Clarinda Branch, met at the office of
Messrs. Moran Bros, this week, and it was decided to apjily
Another meeting
-to the court for authority to sell the road.
-wiU be lield on October loth to perfect arrangements for the
I'rtnl
DUE MARCH
Date.— Da.ted March
ered June
WaU
St.
and Socumcttts.
^rZpoxts
&
-sale,
[Vol. XLIX.
1R87-8.
property.
"But
deed does not embrace or convey depot or terminal
within the present corporate limits of the City of
Louisville which may be obtained in addition to or other than
'l-aiid sales
Otlier iDCome
those above described; nor does it embrace any extension of
said railroad beyond the Cincinnati Southern RR. nor any
$5,514 G15
Total
$4,487 664
3,256,432
2,793,751 branch or branches which may be constructed from said rail'Ibiterest
road as above described."
Balance
$1,231,132
$2,720,884
[By contract with the Kentucky & Indiana Bridge Company
1, -200,000
Mvldends
1,200,000
the company has obtained the right to use the tracks of said
Balance
$31,132
.$1,520,864 Bridge Company within and adjacent to the city of Louisville
^Sinking fund
161,870
315,0u0 from their junction with the company's line in Magnolia
Avenue to a junction with the Louisville & Nashville RR. at
def. $130,738
$l,20.i.864
Balance
Senewals
750,000 Seventh Street and Magnolia Avenue, and to a junction with
the Ches. Ohio & S.W. RR. at Fourteenth Street and Magnolia
def. $130,738
sur. $tD5,8o4
Balance
Avenue, and to the Union Depot on the line ef the Short Route
Bonds retired and canceled by sinking fund, $311,000.
Railway Transfer RR. at Water Street, between Seventh and
Eighth Streets, and also the possession and use for yard, shop
Scioto Valley.-Messrs. F. P. Olcott, C. M. Fry and H. B.
HoUins are acting as a purchasing committee in the reorgan- and other purposes of seven acres of land belonging to the
ization of this company, and have now in hand the assent of Bridge Co., situated on Hardin Street, between Bank and
nearly all the old security holders. The capitalization of the Market streets, said agreement extending for 99 years from
new company wiU be $5,000,000 common stock and $5,000,000 June 31, 1887.—From Preamble.]
THE BOND.
first mortgage 100 year 4 per cent bonds.
The old firsts will
First Mortgage 6 Per Cent Golil Boud.
receive the new bonds at 80 per cent to an amount equal to
X)o(e.-Marcli 1, 1887.
116 per cent of the par of the old bonds. Tlie seconds
DenominaU'/H.—Ot 2,000 bonds, $1000 each; of 1,000 bonds, $500
will receive the new firsts equal to 113J^ per cent of the prin- each.
A mou tit A uthorized. - $2,.5OO,OO0.
cipal of the old bonds. The consols wUl receive new firsts
Principal Payahle.—MnTch 1. 1917, in United States gold coin of the
equal to 80 per cent of the principal of the old bonds. The present
standard weight aii'l tlneness, at the Hauovei' National Bank, in
floating debt claims will be paid 80 per cent of their par value, N. Y. City, or at some designated agency of the cnmiiany in said city.
with interest, in new first mortgage bonds, or cash, at the
Interest I'di/u'ilc—At the rate of 6 per CL'Ut on March 1 aiid SCjitembcr
1 in like gold coin at sal. I bank or agency.
^jption of the committee.
Itenietrull'in.- This boud is a coupon bond with privilege of regi-traValley (Ohio).- A disjiatch from Cleveland, Ohio, reports tiou " at the oflice of the railroad company, or at Its agency In the City
that the control of the Valley Railroad has passed from J. H. of New York, at the option of the holder, and the eatter, unless at any
registcrf d payabfe to the bearer, will only be payable to such jierWade and the old ouTiers to the new owners, in accordance time
son as on this bond shall api)ear, from tim':; to time, to be the last duly
with the sale negotiated last June. A meeting of the directors registered tiansfcroe or owner tliereof."
was held, at which the resignations of J. H. Wade, Jr., L. C.
Guaranty.
abstract of lease following.
Higgins, H. B. Payne and D. L. King were tendered and
RELEASE OF PROPERTY.
accepted. The vacancies were filled by the election of O. P.
Article 3. Until default the company may upon the
Scane and J. F. Schwartz, of Pittsburg, and two other gentlemen, whose names President Wade and Treasurer Everett de- written consent of the Trustees sell and convey any real estate
clined to disclose. Mr. Schwartz is President of the Pittsburg not needed for the operation of its road. But the proceetls of
Chartiers & Youghiogheny Road, a sixteen-mile road. At the such sales shall be paid over to said Trustees to be held until
meeting it was decided to take immetliate steps to build a con- invested again by the company in other property for the use
necting link from some point on the Valley Road to the west- of the road, with the consent of the Trustee;" the newlyem terminus of the Pittsburg Chartiers & Youghiogheny acquired property to be held under this mortgage.
DEFAULT FOR SIX MONTUS-PRINCIPAL AIAY BE DECLARED
iorming a new line lietween Cleveland and Pittsburg.
DUE BY HOLDERS OF MAJORITY OF BONDS.
Western Union Telegraph.—The estimated net earnings for
Article 3. In case of default for six months in the paythe quarter ending June 30, 1889, were $1,450,000; the actual
were $1,461.(»41, or $11,041 more than the estimate. The ment of interest, the principal sum of all the bonds may at
«8timate(l net earnings for the quarter ending Sept. 30, 1889, the option of the holders 'of a majority of the outstanding
compared with the actual results in the same quarter of 1888 bonds become forthwith due and )>ayable. Said option shall
be exercised by written notice thereof to the Ti-ustees, and
are as below:
shall cause the principal of "said bonds to become due as soon
Qiiarlcr ttuliiiu Sept. 30.
ArjMil, Ifise.
Eilimalal, 1889. as such notice shall have been served upon the Trustees, but
-«•»..*»..„»
$1,707,379
$1,750,(5)0 interest shall continue to run upon said Donds at the rate of 6
^n.'^*"""
per cent x>er aimuui until they are fully paid.
lj<>"4"
$184,820
$190,')00
^ 20,000
-tl
DEFAULT -TRUSTEE MUST TAKE POSSESSION OR INSTtrUTE
19,991
reiitalH..
Netearulngs
this
facilities
,
See
-
—
'
—
'
,
204,793
"Uetrevenue
$1,502,586
*i:077:377
l^ii^iAo^a
SiiiTlus tor nuarter
^
.Add nominal surplus Juno 30
aurplus Sept. 30
$42.5,209
210,000
•iinnnn
*1:077;38?
«i
$462 615
7,498,549
8T61M02
$7,923,7S8
.$9io74^017
FORECLOSURE PROCEEDINGS.ON REQUEST BY HOLDERS
OF A MAJORITY OF BONDS.
Article 4. In case any of said bonds or cwpons shall re-
main unjiaid after the principal of the bonds shall have become
due, either according to their tenor or by default in the payment of coujwns as hereinbefore i)rovided. it shall be the duty
of the Trustee, ui»)n request thereto in writing by holders of a
-
.;
Skptembeb
THE CHRONICLE
14, 1889.]
majority of the outstanding lionds, to take immediate poHsestlie mortgaged premises, and to operate the same ui\til
they shall have teen sold and conveyed, or shall have been
taken j>ossession of by a receiver to be appointed by a court of
%hz avammercial '£imts,
COMMERCIAL EPITOME.
sion of
competent jiuisdiction.
And upon like request
it
shall be the
343
duty of the Trustees to
Friday Niqht, Sept
some court having jurisdiction for a
foreclosure of the Hen hereby ci-eated, and a judicial sale of
the mortgaged premises. Tlie Trustees, upon taking such
institute proceedings in
13, 1889.
A storm
from
of great severity has raged on the Atlantic coast
Virginia northward for several days. It apparently
possession may without further request, if they deem it wise,
mstitute such proceedings for foreclosure and sale. In the
event of such default, and of such request uiwn the Trustees,
the railroad company shall, uixin demand in writing made ujKjn
it by the Trustees, immediately surrender possession of aU and
singular the mortgaged premises of every sort and description
to the Trustees.
came
in
or of a receiver of the property from its oi)eration and the
proceeds of sale of said premises shall lie applied in the order
following:
First To the payment of necessary expenses, including renewals and counsel fees and reasonable compensation to the
Trustees taxes and assessments of every sort having priority
hereto, and any damages for wliich the Trustees may have become liable by i-eason of management of the propoity.
Second To the payment in full or pro rata of the interest
due and unpaid on the bonds hereby secured then outstanding
in the order of its maturity.
Third— To the payment in fuU or pro rata of the princii)al
of the same.
regarded as satisfactory.
which
from the sea and brought with
much damage
summer
it
great waves,
and to
The storm does not appear to have extended far
inland. The report of the Agricultural Bureau for Sept. Ist
takes a somewhat less favorable view of crop prospects than a
month ago, and its publication stiffened prices of certain
DEFAULT—APPLICATION OF FUNDS FROM OPERATION OK staples of agriculture. The storm checked autumn trade
SALE.
Article 5. All moneys coming into the hands of the trustees somewhat, but the position of mercantile affairs is generally
at
resorts
shipping.
—
:
—
i
(
Lard on the spot was dull, and prices declined to 6c. for
prime city and 6-3.5@6'37}2C. for prime Western, at which the
market closes steady, with rather more demand. Refined for
the Continent is quoted at 6'35 d6'75c. The speculation in
futures was more active, especially on Tuesday and Wednesday, the better corn market stimulating a demand to cover
contracts but latterly prices have been drooping, till to-day
the more distant options were steadier.
daily closiko pbices of labd futdbks.
;
j
|
SALE-CjMPANY WAVES BENEFIT OF APPRAISAL, STAY OR
EXEMPTION LAWS.
.
.
ARTICLES. The compan- hereby expressly waives the beneof any appraisal, stay or t-'.ciuption law which may now or
at any time be in force.
Saturd'i/. Mond'i/Tuesd'v-Wedn'sd'y. Thurtd'i/. FrUiay,
6-30'
6-,30
6-2I?
636
630
Bept. rtelivery. ...c. 6-40
6'28
6-28
627
6 30
627
Oct. delivery. ...c. 6-3I
615
«lt
tH
tit
6 13
615
6-14
613
613
612
614
Pork has been drooping and to-day further declined, with a
g;;j;^^^™J^^^^^^^^^^
fit
NEW TRUSTEES MAY BE APPOIXTED BY THE COURT ON
inflicted
Jan. delivery
I
AP-
c.
6-14
fair business at the reduction;
mess, $11 75;g$13 for unin-
PLICATION OF HOLDERS OF A MAJORITY OF BONDS.
and $13 35 for inspected; extra prime, $10^$10 35, and
Article 9. The Trustees shall be bound only for the exer spected
Cut meats are about steady.
cise of good faith and reasonable diUgenoe, and shall not be clear backs $11 50® $13 per bbl.
liable for the default or misconduct of any agent selected in but close quiet; pickled belhes, 637}^c., according to weight;
good faith.
pickled hams, 10%®10J^e., and pickled shoulders 4J^c. per
In case of any vacancy in the oflBce of one or both of the
lb.
Smoked hams are quoted at lli^i*113^c.; smoked shoulTrustees, it shall be competent for any court having equity
Beef is dull and nominal; extra mess
jui'isdiction in the city of Louisville, Ky., to appoint a new ders, 53^
_ i 53^c.
,.
Trustee or Trustees, and such appointment shall be made upon $7 50 and packet $7 35;a$8 per bbl. India mess, $13 50 J$14 per
j
—
I
;
the application of persons holding a majoritjy of said bonds
outstanding after notice of ten days to the surviving Trustee, if
any, and to the railroad company. But this method of appointment shall not exclude t'le power of a court of competent jurisdiction to fill such vacancy in the manner usual in such cases.
!
LEASE OF THE LOUISVILLE SOUTHERN RR. TO THE
LOUISVILLE NEW ALBANY & CHICAGO RR. CO.
Dafe.— December 10, 1888.
2. The New Albany Company agrees
ville Southern for 30 years from March
Beef hams ai-e dull at $15 ji $15 25 per bbl. Tallow declined to 3^c., at which the market closes more active.
Stearine is quoted at 7(g>73^c. for Western and city, and oleomargarine 5%'a^. Butter is firmer at 15g23c. for creamery.
Cheese in moderate demand at 7;j^ a9J^c. for state factory.
Coffee on the spot has advanced, with the trade quite brisk,
but closes quiet Rio quoted l^%.c. for fair cargoes. Sales
to-day included No. 7 Santos at 17c. and Java at 31^8 '323)^c.
The speculation in Rio has been fairly active and prices show
some improvement on unfavorable crop reports; but to-day
business was quiet, closing barely steady, with sellers as
tee.
I
;
to o))erate the Louis1889, and to transact efficiently all business oflfered over said railroad.
1,
3. " The New Albanv Company wiU pay, semi-annually on
the first day of September and March of each year, during tlie follows
continuance of this agi-eement, the interest accruing and fall- g ,
l605o
".....leooc. Dec
16 OOo. March
ing due on those days, respectively, upon the 6 per cent first Oct
16'u5o.
16'u5c. April
16-(,0c. Jau
mortgage bonds of the Southern Company," which bonds Nov
16 lOo.
16-OOc. Feb
16 050. May
amount to the principal sum of $2,500,000.
Raw
sugars have been active and to-day there was a partial
4. The residue of earnings after the deduction of an amount
equal to the interest so paid, and the operating expenses reas- advance to BJgc. for centrifugal 96-degrees test, and 5^gC. for
onably and proi)erly incurred in such operation," shall be fan- refining Cuba, the sales embracing 18,000 bags, molasses
divided equally between the two parties hereto.
grade, 87-degrees test, at 5Jic. Stocks are quite reduced, and
7. The New Albany Company shall pay all taxes and keep
there is a steady demand for refined sugars. Molasses is quiet
the road in good repair, but the expense reasonably and propThe
erly incurred of such requirements shall be treated as part of and nominal quoted at 30 J80)^c. for 50-degree3 test.
operating expenses, and be deducted before a division of earn- auction sale of teas went off at steady to firm prices.
ings as aforesaid.
Kentucky tobacco was dull, buyers and sellers being apart
8. In case the New Albany Co. shall refuse
or fail, for
Seed leaf, though in good demand, does not exhibit the ac30 days after notice, to make the payments or perform tlie
covenants herein provided, the Southern Co. may, at its tivity of the previous fortnight; sales of the week are 2,900
option, terminate this contract, and resume exclusive posses- cases, as follows: 700 cases 1888 crop. New England Havana,
sion of said railroad, and the New Albany Co. will not liinder I5@35c.; 700 cases 1888 crop, State Havana, 13@16o.; 300 cases
it therefrom.
The New Albany Company may terminate this contract at 1888 crop, Dutch, lOiglSc.; 300 cases 1888 crop, Ohio, 8 J 10c.
any time, provided it shall give one year's written notice of 200 cases 1888 crop, Pennsylvania seed leaf, private terms; 350
such intention.
cases 1888 crop, Pennsylvania Havana, 11 :g 14)^0.; 200 cases
betterments 1888 crop, Wisconsin Havana, private terms, and 350 cases,
*'^^
\?^
,^f
w^r,?.'
r,,.,.
',Vti!!fJ°.2^™^^°'''
„„^
'!1'^®^J*°'^'!>
*u„^T_
.u.,1
,1. no other
,..
^_ shall
.,,
..
Oiut for
pm-pose),
case
the New. Albany
Co.
gi^jggjp aigo 600 balcs Havana, 733^c.;g§l 15, and
deem increased facUities necessary, and the interest on such gmjjj.jgg
bonds shall then be payable by the New Albany Co. on the 300 bales Sumatra, $1 40a $2 35.
same terms provided herein for the present bonds.
On the Metal Exchange, Straits tin advanced to 22c. on an
10. CorjKirate expenses to the amount of $1,000 shall be urgent demand for prompt delivery, but quickly declined, and
paid by the Albany Co. and charged to opctrating expenses.
to-day was easier at 31.30c. on thesiiot, and sold at 30-35c. for
11. Tlie New Albany Co. agrees to fulfill the obligatiyu.s of November and 20-30c. for January.
Ingot copper has been
the Southern Co. under certain contracts named in the le;ise, dull, but to-day is firmer, at 10-95c. for Lake on the spot, aud
but the Southern Co. covenants that the annual rental payable 9o0c. for G. >^. B. Lead is quiet at 4c. per lb. The interior
by it to the Ken & Ind. Bridge Co. shall not exceed $10,000.
iron markets are firm.
13. The books, vouchers and accounts of all business relatSpirits turpentine is again clearer, closing unsettled; the
ing to or arising from the operation of said railroad shall be storm has
Rosins
_„
cutoff current supplies; quoted 48^ 49c. "
kt'|>t liy the New Albany Co., and shall be at aU reasouaUe
are quiet at $1 03:g$l 05 for common to good strained. Refined
times suhject.to insjiection by the Southern Co. through its petroleum for export is steady at 7-30c., and certificates close
authorized agents, and monthly statements of earnings and at 99;':i(*997^c The wool market is rather active. Hops are
ox[*nses shall be rendered to the Southern Co.
I dull
j
;
|
I
I
I
'
'
;
m
1
.
"
.
.
.
.. .
.
THE CHUONICLE
844
C
OT TON.
Friday. P, M., September
litovEMF.NT OF THE Crop, as indicated by our telefrrams
from tbo SouUi fo-niubt, is piven below. For tbe «eek cmling
03,994 bales,
this eveninK the total receipts have reached
previous
Kuinst 57.4!i3 bales Inst week and 27,709 bal.w tbe
18hy,
week- niakiuK the total rocoint.s since the 1st of Sept..
period of
144 618 hales, npainst S-l,8or) b.oles for the same
bales.
1S88, showinK an increase since S<-pt. 1, 1889. of 59,763
18, 1889.
The
Jitt€ipuai-
I
Sal.
Uon.
i
£1 Pu«o,
'
Tua.
9,001
3,923
OaIvi'kIoii
Kew
Wed. ]Thur:]
|
Frl.
Total.
\
4,781
3,191
8,910|
5,S26| 30,735
S,189
83
1,012 14,731
5,080
728,
4u!...
2.396
1,188
Mobile
758
2,393
3,*06
1,579
487
346
Bavaniiab
Bnui^w'k, &0.
3,254
Clinrloston
1,212
«,174
2,082
4,066
&
On Shipboard,
of—
Sept. 13,
876
New Orleans.
Mobile
Charleston
..
Galveston
Norfolk
..
.
New York
—
2.029i
225
154
408
82
17
1,081
390
102
733
301
999
38
111
0,579
2
1,314
1,7'.'2
8
707
378
Wa'<h'j;ton, Ac
135:
645
905
128
4,83 5
Total«tlil«wrclc' 12,733 2;),533' 13,846 13,981' 15,281 16,020
fl2.991
NorTulk
Point...
ITwii'tS'n.&c.
128
Kew
York
Boston
B
Bklttmore
8
Phllaadiih'a.Ac
1
For comparison
we give the following table showing the week's
total receipts, the total since September
to-night, compared with last year.
1,
1889.
1,000
4.430
None.
12.900
None.
None.
6.133
1,908
Wone.
200
Other ports.
Total 1988.
Total 1887.
1.650
Other
France.
Foreign
Britain.
Savannah
not cleared—for
Leaving
Great
iionc.
,
'
None,
None.
'
3,0(10
l.t'OO
j
2,807
J, 963
None.
I
None.
900
None.
,
3.500
23,738
Coutt-
1
'
800
None.
2.000
3.450
1 ,000
0,052
2,242
4,201
13,640
13,194
8.907
None.
5,800
9,700
14,643
None.
17,150
(S.IOO
.'>,:i53
I
Stock.
Totul.
icise.
None.
None.
None.
514
2,936
2,730
4,.'i00
9,930
11,215,14,719,
59.002
2,312
3,243
10,393
7,530
14,015' 20,896
43,209
70,004
49.47»
5,0Ol| 25,8C3
4,958
3,910
Koyal.Ac
'Wlluiiiii.'toii
West
In addition to above oxi>orts, our telegnmis to-night also give
us the following amounts of cotton on sbipboard, not cleared,
at the ports named. AVe add similar figiires for New York,
which are prepared for our special use by Messrs. Carey, Yale
Lambert, 24 Beaver Street.
Total 1889.
Florida
XDX.
[Vol.
.
83]
Orleans...
Piirt
;
and the
stock
1
0,978
1
31,850
!
I
142,928
122,743
,
The speculation in cotton for future delivery at this market
opened the week somewhat depressed by the decline in Liverpool and the increased movement of the crop. Still, values
gave way slowly, and the lowest figures on Tuesday mOming
were only 3® 5 points below the close of the previous Friday.
The course of September was exceptional, and this delivery
advanced. On Tuesday at noon the Bureau report for September 1st was made public; the estimate of average condition,
86-6, was below what had been generally expected, and
the figures for Texas, 81, were jiretty uniformly rejected as
nevertheless a quick advance of about 10 points
Liverpool on Wednesday
disappointed our
Bulls,
but.
and there was some scUmg to realize
owing to the extreme scarcity of spot cotton and
the maintenance of the "comer" in September contracts,
there was little decline, the Bears operating with the gi-eatest
caution, and rushing to cover on the sli.ghtest alarm. On
Thursday some new features ajipeared on the weakness of
September and October, while the more distant options
showed strength on reports of rust and worms, which eiime
from New Orleans, and ai)pcar to have given strength to that
market. To-day the features of Thursday were continued,
the later options advancing a few points; but there was a
Cotton on the spot
quick decline when tbe demand fell off.
was duU.but quotations were maintauied, and yesterday and
to-day there was rather more business for home consumption,
middling uplands closing at llJaC.
The total sales for forward delivery for the week are 323,400
bales.
For immediate delivery the total sales foot up this week
9,0.^3 bales, including 5,103 for export, 3,950 for consumption,
in transit. Of the above
bales
for speculation, .and
were to arrive. The following are the official quotations for
each day of the past week Sept. 7 to Sept. 13.
too low;
followed.
;
1888.
1889.
ThU
Stpl. 13.
Since Sep.
TnU
1,1889.
Week.
«(.)CA-.
\Sinee Sep.
!
Galveston
El rai>o,&f.
30,735,
Kew Orleans.
14,731
5,056
. .
83;
Mobile
I
1,
1888.
17,912
28,836
27,839
13,808
7,9561
5.920
2,596
8,493
4,081
17,859
2,242
17,328
2,815
44,016
12,653
30,389
22,340
17,200
150
607
627
12,032
2
1,338
2,986
7,183
10,001
2,908
25
850
23
28
1,911
1,437
1,402
514
1,494
20,0061
122,721
1,400
49,086
123
23,378
Florida
50
1
Savannah.
25,863
..
Bnnis., &c.
Charleston ..
P. Koyal.&cl
Wilmiujfton .1
Wash"tn,<ic
Korfoik
9,579
2
1,314
23
643
678
1,813
2,827
Point.
4,815
6,639
Kwj)tN.,4c
128
195
35
216
38
I
West
Kew Y'ork.
178
..
«».'....
..
•>*.....
Boston
.
i
Baltimore.
&c
Phll'dera,
76
37
Totals
92.994!
1888.
1889.
j
Week.
144.618' 45.691:
77
1,900J
76
1,371
2,672
84,8.^.5
at—
i
1888.
Qalv'ston.Ac
Orleans
Mobile
30.818
Bavannuh.
..
2.->,863
Charl'Bt'n.Ac
WUni'Kt'u,&(!
9.581
1,314
Kew
Vt
Point,
All others
&c
Tot.lhlsweuk
17.912
5.920
2,596
12,653
3,011
1887.
186,137
1885.
29,231
12,907
1,125
19,370
7,203
873
645
1,813
7,219)
4,913
13
230
683
6,026
2,115
638
904
140
49T
02,994
45,691
126,041]
71,915;
Slm- c-Sept.l.. 114,613:
84,955i 226,997;'l26,2.59
we
1884.
19,711
11,765
2,504
24,711
15,853
2,575
3,725
2,619
1,290
22,501
7,131
2,456
25,008
12,458
2,531
5,323
376
2,360
84,713J
80,737
160.59 2^ 138.462
The exiwrts for the week ending this evening reach a total
of «,.,-.>) bales, of which 39,8;M were to Great
Britain, 941
to France and 3,2.';0 to the rest of the Continent.
Below are
the exports for the week, and since Septe mber
1, 1889.
Wutt BfuUtu Sept.
Bxfottedto—
Mrportt
tnm—
Oreat
BrU'n FraTue
OftlreatOD
Wew Orleans..
\i,
nent.
123
From
Sept.
1.
18S9. to Sepl. 13, 1888
Bxportea to—
OonM. Total
Week.
6.02:!
»,«M
9,806
4,A0sl
4,«0B
Great
Britain. Franci
Oontintnt.
US
S.900
Good
Good Ordinary.
LowMiddlius
Strict
Middling Fair
Fair
GULF.
6,028
4,608
Pdinl.
,
STAINED.
,10'.4
lOUif ion,, lOUig
ll'is ll'is ll'is
117,8 117,8 117,8
11°8
11=8
11»8
12%
12%
12%
1-2%
8%
9%
.!101,8
.1078
Middling
8%
9%
8%
9%
8%
9%
101,6
101,8
101,8
ll07g
lO's
'1078
Tb. Frl.
9%
9%
Bhi
I
9%
I
;
101,8
1078
101,8
1078
ANT) SALES.
The total sales and future deliveries each day during the
week are indicated in the following statement. For the convenience of the reader we also add a column which shows at a
glance how the market closed on same days.
SALES OF SPOT AND TKAKSIT.
8.S89
S,S86
8,S8S
13.3«2
lB,SBt
£7.849
1,888
i.osa
1.812
99
1.911
1,091
609
1,656
4.195
«6.49»i
4.162'
54.136
8.585
Hirpt Nw», 4e.
Sat. .'Firm.
Ex-
Con-
port.
rump,
.5,103
Mon Finn
I
1
S08
606
J,107
t.iW
33.8511
Flilla<leii>'«,ao
W.93^
«>.Ito'
9^11
141!;'
a.aio
4.I,M5
1.(.ffll7.fr58'
09,455;
2,'il6
41."65"6'""5flm
rues. Firm
.
626;
669
,103
d.iily itilivcries given
previous to tbu*. on xvbicU tlity
The
1,718!
195
Wed- Firm
Thur. Firm.
Frl... Firm
Total'
I'speeut'l'n
502
240
.
Kaw
BalUm'TC
973
95,8
j
I
Rlon Tnea' Wed
Sat.
.^Ib.
LowMiddlmg
SrOT M.\RKET
CLOSED.
.
York
Beaton
Prl.
i
1213,6 12i:'if, 121S,f;i-213if 1213,5 1-213,8
137,8 137,8 137,8 Il37i« 137,8 137,,;
,
MARKET
Totat
i
878
S78
9^1«
93,8
1014 IIOI4
12%
12% ,12% 112% '12%
Strict
Good Ordinary
Strict Good Ordinary.
non Tne* Wed Th.
878
878
878
9"',8
05,8
95.e
IOI4
1014
1014 1IOI4
;10:i,8,l0iii, 1011, f
113,8 |113,6 llI3,e
117,8
1158 Ill's 1168
1218 Il2»a 11218
Ib.l
Strict Low Middling..
.iliddling
Fair
8-i8
I
Sat.
.*
Ordinary
Strict Ordinary
Good Ordinary
Strict Good Ordinary.
Low Middling
Charlofton ....
WlimlcKtOD...
Kortolk
We»t
Middling..
Middlin;;
Good Middling
.^^iriet Good Middling.
~;i)nd Middling
Good Middling.
Middling Fair
Frl.
{
91,8
01, g
91,8
91,6
9>,e
10
10 .
....^10
10
!l0
10
;107,e |10T,„ lOTja ilOTjn 107,8 107, s
.ilOls,, 1016,, 101=,, lOU.e' 1016], lOlS.ft
-lll^te ll^is ll-<i« ill'i.o If,, ll',6
.11138
11% 11% lll^ 11% 11%
11^8 !117s
ll'e
ll'S HIT,,
12ie
121*
12^8 ;l2i8
12%
.
121a
12«i« ;i2n,a 'VlHi l2»,e 129,«
.!l3^,. Il3»,, '133,„ il3i,B 133,« 13',«
....!
Ord1n,iry
Low
81%
O'le
lib.
MonlTueajWed Tb.
8%
S'a
8%
8'>s
j
I
Ordinary
.strict Ordinary
1
14,859
Mobile
Barannah
Bmntwick....
hat.
4,231
108,081
1886.
24,051
20,006
4,802
33,984
20,237
8,601
11,731
5.090
Korfuik
—
UPLANDS.
Strict
1889.
—
—
820
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
Jteeeiplf
—
....
....
....
....
....
....
Trantit.
....
....
--••
....
Total.
Sales.
D' liveries.
6,921' 30,400'
502 30,400
240i 80,700
195i 72.400
626 47.100
609 50.400
3,9.j0
0.053 323,400
above arc aetunUy delivered tlie day
sue rciiorteU.
—
i
Septembir
THE CHRONICLR
1889.]
14,
:
and Prices op Futpres are shown by the followcomprehensive table:
The VisiBLH (Supply of Cotto.n to-night, as made up by cable
is as follows.
The Continental stock-t, its well as
TiiK Sales
"ing
I
v
%
•a
>>H
a
27;?5
i'
U
"•cS"?
:-^-
3:
a
^.M
22
_»
T"-!?-:!
» s-r
s.,-^
•
1
.
3
s
**
.
--
5
2
^
M^
&.=
S'C--:
1
=
si
wT
ii*as
» M
!?*«
fitock at
.-Clock
1
1
1
'
W
-10
*>
ESiiO-
^«^:
?!?>:
y^^^^ h-MO"-* MMMM
co2 = cooo
eooo
=
1
=9
CO
Jt
— *»
==
-0
<
2
"g > ss > V ^
=
= 2 00 p O':o
»
ICM 1
COWMl
MlJ
cdii
;o
to
i
1
=?
Wij
w
-M;«
*>
si=:
—
i-i^3j
ciw = w
cow M
^1
<2
1
1
1
305,200
213,700
000
?
d=w
S to
798,200
108,000
y-
Stock in United tctatcs ports ..
Stock in U. B. interior towns..
United States exports to-day.
410,000
51,000
48,000
9.000
180,137
650.70O
76.0OO
39,000
5.000
213,986
38,074
2,167
SP:
JJ-OO
iT
<»
00
Km
stock
stock
stock
Block
e.'';
1
c-^
f
5
;»
s=
A meric'in.—
Liverpool stock
Coutinental stocks
*;
2g
1
5o
CO
?s ? =S
ij
V.
2
S
CO
oj":
•«:
1
P
-o-o
ttSM-1
s-;*:
o=
:
1
5=
1
oS
a.'-:
"6
rz
"^
&,":
1
Si?":
1
>r
2
'*
1
e?-:
1
9=9
0000
>
;-Ch
;
3
ei-s:
1
e«o«
*^51
a.-^:
1
5"
"^
462,304
643,153
(502,827
204,000
23,000
79,800
40,000
4,000
127,000
14,000
96,000
54,000
9,000
241,000
39,000
175,200
23,000
158,000
20,000
97,700
70,000
5,000
Total East India, &c
Total American
356.800
500.187
300,000
462,304
580.200
043.153
302,700
002,827
Total visible aupi^ly
Price Mid. Upl., Livei'pool
Price Mid. Upl., New Y»rk
e56,987
762,904 l,229,3.i3 1,025,527
6d.
5 "ad.
5>4d.
lO'uC.
913i6C.
93itO
Total American
HfiKi liiHuiii,
Efc'ypt, Brazil, &c., afloat
->
a.":
^
S
ct<\
t ==
66
m5
b
<
9
aa
S'
"i
a «;
1
1
^
H
h
Cq
iiil
66^6 w p
eio M
SS
it
2
5:
i
sr;
1
MM
00
ii
b
z
cooo ocSo *2=° 9929
^152
MM
MIO
tow * °^ 3 e
5
Ml—
5£ ^ S5 ^ 00 ? s, ^ SS >
1
pi
Bfea
Ol
•>
c-
?? &
J»
M
"
M
$
mmOm
MM,.M
MMtOM
??= = 99=9 99 = 9
99OO
S2§2
*vlX
^1
»]-l
a>
X ~1 C! c>::c u
MM > M I>
=5 > So > S| ^ 99
<
< =
K.1
2
H*
Vi S i;k
10
ISO!
X
^)
-:
O ji
j»
5
1
CO:
:
"^
&
1
1
Sci
:
1
fer:
"
-JM
1
sr':
:
1
;
1
re
fc-*
'
o..
-^
^
Sir:
Si
1
sees
§ "1 c ti * ri
:
9
;
SS
so 3>
o
3£
t^
5
2
liti
1
5
.
:
^
^
.
(0
1
1
>
1
-^
1
%
1
s;
l:
•
1
:
|i
lOi
=
isl
M
«
*;
ofirresponding period of
following statement.
—
^
1
1
S
1
«:
M
»;
:
movement—that
the
is
the receipts
1888— is
set
out
in
detail in
the
£ i.blili|l|?lll-ii
5
i 9"
S
I-*'
y
O'^*
'
C-' i
'
•
5 1 .= H ^f
\
E=aSMre38^©.
>,
•c
^
WiC
^tCtO
toe;
Qcc-'wo
b*
>
00
5
->
ao5
7
1
:
:
» wet;.
cc
^tO
iF^
-1
t
1
«i wi 10
w
«cctcww
**
*.J
MICMM Ci r^ ^ ^^'^''^''^'c'o
Xil* yiMMC —
WM WM
X ti X W X M W M OCn^**
li 0& e C Cn W w
:
l:
<
1
Si;
1
1
1
1
1
1
e
:
'e
Si ©li
-
-x
XmWCOIOWO)
1
1
1
1
1
«:
<
^
II
:
1
5r
e:
:
1
d:
:
w
H
1
SI
1
ji
1
1
:
<
S
CI
1
.
ae;
ex.
?
oi
to to
M
w
V11-*
to*
i^MkSwicCMCOto. weetoiE*.MX
I
0 14
MgXM^K^l
;
i4
1
if>-tooeis:
Kieao.
t:
tOMVcoeee
^T;;ttOMMC?cDiotOM; tcioMoeojtota
;
t
)>.
W C2 M W
-"^V*
tcto'— to
X M to W WMX X
-WWMOililO — C4*liC XM c ee X
Minrfk^j^MUrf^Me- ICXCCCXM^TtO
to
e^ we
e
to
^
-»
1
1
SI
;>
P»
I
1
1
CI
:
l:
3
1
week have been
^
OJ
1
into Continental ports this
week, and since September 1, the shipments for the
week, and the stocks to-night, and the same items for the
K.
—M
ll%c.
for the
<
S
1
1
•
108,0(M)
figures indicate an increase in the cotton in sight
to-night of 94,083 bales as compared with the same date
of 1888, a decrease of 372.366 bales as compared with the
corresponding date of 1887 and a decrease of 168, .540 bales as
compared witli 1886.
CO e CO
'^
1
2iS2
a
t>.
38,674
2,167
The above
n
:
213,981?
n>
to
;>
1
=^
wu w
M tt:o
MM ^
? 99 < So
99
Mrs
-4 -J
' ocec 1 MM
«i^:
S'J^:
oco MMMM
C030 eooo eooo
=
M=>M
eo
MK = ti ii« = ii
C:£ rx CD-^ rC «o »
»•;
'
.
sr:
9)
992-: 9929 99=9 ^1:
1
OD
-•
1
Oil**
MM
to i 00
1
:
1
9| 9-5
(%
'^
'
"^
Ol**.
!
The imports
ei'i.d.
At the Interior Towns
:
223,000
140,000
39,000
3,000 bales.
:
SI
1
213,000
130.000
03,000
192,752
40,518
3,883
On
^
MMrf.M
de-
?
^
*-
UrazU,
S
e)«:
1
23,000
192,752
40,518
3,883
14,714
4,453
500,187
United States exports to-day.
Liverpool stock
London stock
Oon tinentai stocks
India afloat for Europe
:COOco
>»*CS
1
Sil'^l
1
99
03,(M)0
133,000
70,000
48,000
180,137
14,714
4,453
22(1,000
L'nited States interior stocks..
-u
*jei
<o5
toe
'
00
Mi
? 99 i
^
».'':
1
M
MrO
:
Sl3
ep:
tOffioa
5
66
Cio-1 XC
WW
Qjt^:
S5 & s-o
== e 66
Cl^
M — O' M
-
®
c
3
:5"5
?i=§
"o
1
0000 eooo
S
=
to
^
s>P:
I
s?:
73.000
1
80,000
07.000
108.081
15.144
3,962
bales
American afloat tor Europe...
V uited States stock
?""
.--3
QD-4
a;-:
5
1
9999 »tDoa>
«» = »
76.(W0
Total visible supply
856,987 702,904 .229,353 1 .025.5'.J7
Of the above, the totals of American and other Uesci-iptions arc as follown-
.^
"1
totooco
at Havre
at Maraellles
at Barcelona
at Ocuoa
at Trlente
I'X'.vpt.Brazil.A-cufltforE'r'po
;
r9g=?
40O
200
900
172,000
Si
i
300
700
2,-.iOO
012.800
46.000
67,000
4.000
108,081
15,144
3,962
i
eta
19,000
159,800
•r-
8
3 -.'.800
25,000
Total European stocks.. ..
India cotton afloat forKurope.
Anier. cott'ii alloat for Europe.
3
0000
t3ii=to
XX
^
1
407,000
62,.100
Total Continental stocks
e-?:
*
1
300
Kotterdam
493,000
4,800
2,(K)0
8-1
-X':
274,000
5,000
27,000
5,000
20,000
5,000
0,000
CDOD
"^
453,000
2.700
19,800
5,000
1888.
3 SI. 000
2(1,000
S.tKM)
(DO
-"
454.000
39,000
40.000
0,000
9,000
pi
8
1
0:0
?s =-s\»:
ei«:
3
I^
S)?":
<«.":
^^7<
fl*^
'^o ? = 8? 000 = 9929 0000 ccoo coeo
5
O = « = 66 = 6 oo^o oo'^o 00®
ai'^o T
O'c:
*.W M
M
uu >0
»•-»
J = » ^ C..^ tes> ^ CSC ? tcto &
'== 2 «-o 2 ii 2 -j:a «
la, 3
?
W|4c:®-"< CO 1
8?"-:
,_,
1887.
14,000
1,300
112.000
0.000
40.000
15,000
15,000
MM b»
?5 Er 9= ?
5;
<
99
WW
WIS » iic
©
tcto
OOM"' MUM'^2 bSffiM'' CC3SM-a MOM-<
-.-Wh-
1888.
ailO.OOO
2:1,000
15,000
«7,000
5.000
3»,000
4.000
3,000
"1
S'.~:
coo 99 = 9
M
S-.^l
1
1.S89.
430.000
Stock at Antwerp
a.
"^
a.«:
bales
Total Great Britain stock.
stock at Uanihurg
Htock at ilreim'u
=.
5S > 99 ? 99 ? S
S
" «b
M,(.
M^I
1
those for Great Britain and the afloat are this week's returns,
and consequently all the European figures are brought doven
But to make the totals the complete
to Thursday evening.
figures for to-niglit (Se])t. 13), we add the item of ex|)orts from
tlie United States, including in it the exixjrts of Friday only.
^Sx?
2
^l-^M-^
=
M
x« «gr,-3
=•» e5
^MM:i 2z*-
.P'M^l*
:
MM
ss & 99 >
< SS
CtO »
cou
r^
s -s
a
'
iS;
:t;
nuA telegraph,
Stock at Liverpool
Stock at London
a.-
MM ^
1
E-??
:
=
^-1
V'O--'
:
'Sm ^-^
»
3:
s:
:
:
'.
»«s
J»
3090 9 = 5 = 0000
-|-j--i
M -1 = M
M _
»i
M
CO
l^.l^i
q.MM3- ,O.M*X
2
>
=M
c
r»
3:
d;
;
.
a—
•
(0
-!
:;*.
?
M
Si.-'S'
-M [>
= 9 ? 00
^'-'
-JM
oc
3:
b;
;
~:
:
2.si
:
.
•5
sj
,
o
c
8
'
5-3-'5
'T'tsoV
ill?
p.-.a
2»
» 25 3
li**!?
?S = =
."
M
;
»
!S
?
-
^
•
SOS
SS."
~: i?
:
;S;f iSiT it!
1;
f.""
7*
c.r»
•
«
:
B.5x
:
00
gF
?!
5-2
•=s
s
s
S
55J3. 25J3
345
00:
*..
1
I
if^ictoexM^-tstCMSxeo-^
01*.
:
'
1
Hy We
I
i
:
1
li
1
1
;
1
li
1
1
i
MO
to
l-Oii*MeMM
above
Wednesday, 10 SOc: Thursday,
•.30
pd. bo eTch. 5(i0
to oxch. 500
to exch. 100
to exch. loo
2', pd.
•;i7 pd.
2-i pd
to pd.
Jan. for Oct.
Sov. for Oct.
Jan. for Oct.
Mcli. tor
Oct
to cxcli. ii(H) Oci. fur Hcpt.
pd. to exch. 100 Nov. for Oct.
•07 iHl. to aMh, 2,0Qo i)o«. for Nov.
•'to
rfi.it*
I,
XM to rf^IOCT
*.e
lo^O'jtoMM
MM-.KM
— ^MCl
exM. wo
cwxcrf».MOtoew-ieto
(x*t
©
:
^Irf*tO,
during the week:
exch. 500 Jan. for June.
niatle
•2S pd. to
05 pil. Ui e.^cli. 100 Jan. for Nov.
IS pd. to c.'ich. ntVi Mch. for Juuo.
Kveu 1,100 Jan. fur Nov.
00 pd. to eich. 1011 Nov. for Feb.
•2ti pil. to e.xeh. 3(ii) Jiui. for Oct.
•30
ift-^XMCW
o«to
CO
e -¥..i''-'f '-'*'«x
o<o*-e-)3M #.
;^ixo;
M-1
xctomw^jM w i**cowOtcocCMfwto
c^xxMCiMiooee-jeee-)**eo<
10-7Dc.; Friday, 10-75c.
The following exchanges have been
*-;
»lXt5<Ot«WCOOtOWJ>.M: wtOMWftSi
and shall oonUnue each
of futures each day for each month. It
table,
week to give, the average price
wUI be found nnder each day following the abbreviation "
Aver." The
average for each month for the week is also given at
bottom of tabic.
Triunferable Orders— Saturday, lOeSc; Monday,
10-70C.; Tuesday'
10-75C.;
0;XtSWi^«*MMih.O
CCCMCCOtO-sI
liavc included in the
1)4, to (jxvJl,
VOy Jiw. for Oct.
OOMto
to e M
M to
to M e w w to
.—
-J*
.*
•
«*
I
g M
wao MC3 c;iMW^'
M-O»0XO<l*
XX
o^weMcsw; ^ltOMi(.,afc^^o
x-j w -J o> s 10 — it ai ee-OMCxxe
J;?*^^^"'"'-"'' aPeforP.iIe.-itiuc.
t
ISSSlljiuci are for Petersburg,"'
.
.
THE CHRONICLR
346
have
The above totaU show that the old intenor stocks 430
to-mght
are
and
bales,
4,845
week
the
during
imerea»ed
at
IwlM mort than at the same period last year. Tlie receipts
the same
tlM same towns have been IT.WT bales more than
towns
week last year, and since Sept. 1 the receipts at aU the
•j« 86,728 bales more than for the same time in 1888.
QrOTATIOSR FOR MIDDLING COTTON AT OTHER MARKETS.—
give the closing quotations of middling
In the table Ih?1ow
for each
cotton at .Southern and other principal cotton markets
day of the past week:
we
Wtek
Cl08n>a QPOTATIOSS FOB MIDDLINO COTTON
tHdiHti
Bepl.
13.
Sattir.
J/on.
Tuet.
GalveKton...
New Orleans
10»16
10»,«
10>s
MobUr
101,8
10»,a
103,«
10'i«
l<:»iii
8sTaiinab...[
lOV
Cliark-stim.
Wilniluitton.
10^8
lff»,«
Wedna.
J2?««
l0>a
rAtir*.
101s
1038
}2ii«
10%
1014
10%
10%
10%
ON—
much
[Vol. IllX.
injured by the recent drought. The rainfall reached
fifty hundredths.
The thermometer has ranged
one inch and
from 70
to 90, averaging 80.
—
Texas. The crop is good, and picking active.
There have been good rains on four days to the extent of one
inch and twenty-six hundredths. Average thermometer 80,
Belton,
higliest 94. losvest 66.
—
Weutherford, Texas. It has rained tremendously on three
days of the week, the rainfall reaching five inches. The rain
no considerable damage to crops.
and prospects are good. The thermometer has averaged 73, ihe highest being 92 and the low-
was not needed, but
Picking
is
it
did
progressing,
eat 54.
Fri.
\0^
lO'ia
—
JV'eu) Orleans, Lovisiana.
It has rained on one day of the
week, the rainfall reaching twenty-six hundredths of an inch.
The thermometer has averaged 82.
10%
aiireveport,
— Rainfall
Louisiana.
IOI4
for
week eleven
the
hundredths of an inch. The thermometer has ranged from
60 to 91, averaging 79.
101^1
10"4
IOI9
10>2
10%
Cohimbus, Mississippi. There has been no rain during the
JO'S
10»8
10»8
10%
Norfolk
11
10%
1158*%
115(<«%
Ill%lS% ll<>8-<«% 1158-<f%
Boston
115s»%
week. Average thermometer 72, highest 90 and lowest 54.
11%
1138
11%
11%
11^9
Bttllhnore...
Leland, JMississippi.— No ruinall the week. Th<f thermom1158
115s
ll5e
PbiUidelpbla; ll»e
11»8
11%
eter has averaged 76, the highest being 92 and the lowest 62.
IOI9
Angusla.. .. 104|
105b 5% 10»sa5B 10>sa%
JS,''«
101-2
lOXg
1058
Greenville, Mississipiii.— The week's precipitation has been
10»8
Ifemphis ...' 10»8
*^«
lOBe
id's
1058
1058
10°8
1058
St. Louis
one inch and eighty-nine hundredths, of which one inch and
11
11
11
anclnnati..
11
11
11
sixty-one hundredths was on one day. The thermc meter has
11
11
11
LoulavUle. ..
11
11
11
averaged 77, ranging from 61 to 91.
Receipts From the Plantations.— The following table
Clarksdale, Mississippi. Telegram not received.
indicates the actual movement each week from the plantations.
Vicksburg, Mississipi^i. It has rained on one day of the
The figures do not include overland receipts nor Southern week, the rainfall reaching fifty hundredths of an inch. The
consumption; they are simply a statement of the weekly weather continues good for cottton, and the plant is maturing
movement from the plantations of that part of the crop which rapidly. Picking is going on in earnest, and there is no
finally reaches the market through the outports.
trouble from worms as yet. Average thermometer 82, highest
10»i
10>a
10»9
10>s
lOU
10%
—
i
—
—
95,
lowest 68.
—
Meridian, Mississippi. Rain has fallen on one day of the
week, to the extent of three inches and twenty-six hundredths,
but the weather is now clear and warm. Picking is general.
Helena, Arkansai. There has been no rain all the week.
Crops are progi-essing finely and we hear Uttle or no complaints of worms. The thermometer has averaged 74, ranging
—
from 56
The above statement shows:
1.-
-That the total receipts from
1889. are l.M.lSe bales; in
the plantations since September
1888 were 9(>.771 bales: in 1887 were 255,679 bales.
2.
That, although the receipts at tlie outports the past week
were 92,994 bales, the actual movement from plantations was
98,249 bales, the balance going to increase the stocks at tlie
interior towns.
Last year the receipts from the plantations
for the same week were 49,154 bales and for 1887 they were
—
143,799 bales.
Weather Reports by Telegraph.— Reports
by
tele-
the crop.
Galveston, Texas.— It has been showery on three days of the
week, the rainfall reaching twenty-seven hundredths of an
inch. Tlie thermometer has ranged from 74 to 87, averaging 80.
PalesttTte. Texas.— We have had showers on two days of the
week, the precipitation reaching eighty-six hundredths of an
inch. Average thermometer 76, highest 86, lowest 66.
Huntsrille, Texas.— There have been showers on two days of
the week to the extent of twenty-one hundredths of an inch.
The thei-mometer has averaged 82, the highest being 93 and
72.
—
Dallas, Texas. It has rained hard throughout north Texas
on four days of the week, the rainfall reaching three inches
and seventy hundredths. The rain was not needed, but did no
great harm beyond stopping picking and washing out railroads.
The thermometer has averaged 72, ranging from 54 to 90.
San ^n<o(iio, Texas.— It has rained hard and beneficiaUy on
two days of the week, the rainfall reching one inch and seventy-seven hundredths. The crop is the best for many years.
Picking is active. The thermometer ha9 ranged from 67 to
91,
averaging
79.
X-i(/in(/, .re.TO«.— Crops are fine and picking
active. There
have been showers on two days of the week to the extent
of
•eventy-one hundredths of an inch. Average thermometer
80,
highest 94 and lowest 66.
C'o/iin< Wo, re.ra».— We have had dry weather
all ths week
and picking has made excellent progress. The crop is splendid.
The thermometer has averaged 81, the highest being 90
and
the lowest
— We
—
Montgomery. Alabama. With the exception of showers on
one day the past week has been di-y and hot. The rainfall
reached thirty-three hundredths of an inch. Picking is progressing finely, and quality is above middling. The crop is
splendid. The thermometer has averaged 79, ranging from 64
to 94.
to us
graph to-night indicate that the weather has as a rule been
favorable to cotton during the week. There has been heavy
rain in north Texas, interrupting picking, but doing no material harm to the plant generally, and in seme cases benefiting
it.
Good progress is being made in gathering, and marketing
the lowest
to 88.
have had rain on two days of
Little Hock, Arkan,^as.
the week, the rainfall reaching sixteen hundredths of an inch.
Prospects continue fair for crops, though rain has been more
abundant than necessary. The thermometer has averaged 74,
the highest being 90 and: the lowest .56.
72.
—
Memphis, Tennessee. It has been hot and sulti-y the past
splendid growing weather. The crop is making
good progress. The thermometer has ranged from 57 to 90,
four days
—
averaging
75.
—
Nashville, Tennessee. It has rained on one day of the week,
the rainfall reaching twenty-six hundredths of an inch. Av-
erage thermometer 73.
have had rain on two days of the
Mobile, Alabama.
week, the rainfall reaching one inch and ninety-seven
The therhundredths. Weather fine and picking active.
mometer has averaged 80, the highest being 92 and the
lowest 69.
Selma. Alabama. The weather has been clear all the week.
Average thermometer 81, highest 98, lowest 65.
Auburn, Alabama. Cotton is opening rapidly. Rust is
complained of by some. Othei-s need rain. The thermometer
has ranged from 63 to 90, averaging 76.
Madi.fon, Florida. There have been showers on two days of
the week to the extent of forty-five hundi-edths of an inch.
The thermometer has averaged 79, the highest being 93 and
the lowest 64.
have had no rain diiring the week»
Columbus, Georgia.
The thermometer has averaged 81, ranging from 73 to 86.
Havannah, Georgia. It has rained on tw-o days of the week,
the rainfall reaching one inch and fifty-two hundredths. The
thermometer has ranged from 66 to 88, averaging 77.
Augusta, Georgia.— The weather has been favorable during
the week, with light rain on two days to the extent of forty;
six hundretlths of an inch.
Crop accounts are fine; cotton is
opening rapidly and promises a good yield. Average thermometer 77, highest 90, lowest 6.5.
Cha/leston, tsouth Carolina. There has been rain on one
day of the week to the extent of thirty-se'-en hundredths of
an inch. The thermometer has averaged 78, tlie highest being
89 and the lowest 67.
have had rain on three
Statebnrg, South Carolina.
days of the week, the rainfall reaching twenty-four hundretlths
of an inch. Picking is now general and progresses well. The
thermometer has averaged 78, ranging from 72 '7 to 86.
Wilson, \ortU Carolina. Telegrath not received.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at S
— We
—
—
—
— We
—
—
—We
—
o'clock
September
12, 1889,
and September
Ciiero. rare/*.— Hard raui
on two days of the week
Mtent of one inch and ninety-five hundredths, did moi-^to the
good
than harm. Pickmg is active. The thermometer
has averaged ,8, ranging from 52 to 94.
Brenham. iV.cus.- We liave had fine sliowerson five
days of
the week, doing much good.
'^'^
The crop is a fair one, though
13, 1888.
[Sept. 12, '89. Sept. 13, '88.
Feel.
New Orleans
Memphis
Nashville
Shreveport
Vleksbmx
Abo^e low-water mark.
Above low-water innrk
.\bove low-water mark
Above low-water mark.
Above li>w-water mark
3
11
11
Inch.
7
•t
3
9
7
3
Feet.
JneA.
5
5
15
12
6
12
3
5
22
„
:
September
.
THE
14, iw-a.)
CHIIONICLE.
—
India Cotton Movement from all Ports. The receipts
and shipments of cotton at Bombay have been as follows fo r
the week and year, bringing the figures down txj Sept. 13.
BOMBAY RECEIPTS AND 8UIPMENT8 KOK KOUR TEARS.
Ship mtnis ainee Jan.
Shipments tMi vetk.
_
lear Oreai
OonttBriCti. nenl.
Continent.
Qreat
BiilaiH
,
,
Tota'-
Reeeiptt.
1.
This
Week.
Total.
Since
Jan. 1.
Matlraa, and other India poi"ts for
since the 1st of January, for two
"Other ports" cover Ceylon,
years, has been as follows.
Tuticorin, Kurrachee and Coconada.
Shipmtntt thice January
Shipments for the wuk.
areat
Oonlir
nent.
1
DrouKht lias not been reporte<l ox'-ept la tho light pine land^ ot MIhisslppl, similar r^oils in Loii .sjanfl, and in a coiuider iblo part of Tcxa«.
In these districts there was abiiudaiit moistiiie till .Tune or .July. There
lies been lonsiilerable dropi>iiiK ot forin« and of yimug boUs in the areoa
most atfected by extremes uf moisture and t«mi>er.ilure. Ttie plants
are still growing and blooming In most locations, lUuugU lu light soils
the bolls are small and not developing rapidly.
The general average of oonilltiou Is 8G'6, against 89'3 last month and
83-8 lu September of last year.
Per
1, 706,0 00
3,000 1,287.0 00
3,000 l.i.'j.'j.OOO
4,000 1,392,0 00
According to the foregoing, Bombay apijears to show an
increase compared with last year in tlie week's receipts of
1,000 bales and an increase in shipments of 3,000 bales, and
the shipments since Jan. 1 show an increase of 383,000 bales.
Oreat
BrUain.\
Total.
Continent.!
Britain.
1,000
North Carolina
South Carolina
Georgia
33.000
25,000
1,000
1,000
i',do6
1889
1888
All others—
1889
1888
Total.
45,000
60,000
'
6,000
1,000
5,000
3,000
4,000
2,000
1.1
aud preparations are generally miule for a vigoroas iLse of Pari^
green and London purple, which have been very effective with the ttrst
generation. The damage has bOKU slight etvstot the .Mississippi, and
not generally serious further west, with a few exceptions.
Correspondents recognize the larg( value I u the present crop of the
factors of good autumn weather aud lato killing frosts lu dettirmlaiag
the aggregate of production.
an
00
Slates.
7,000
2,000
48,000
22,000
7,000
7,000
55,000
29,000
59,000
49,000
36.000
26,000
95,000
75,000
5,000
9,000
3,000
140,000
96,000
14.000
3,000
88,000
93,000
228,000
189,000
that the movement from
11,000 bales more than the same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1889, and for the corresponding
periods of the two previous years, are as follows:
week show
totals for the
the ports other than
90
94
84
83
S5
90
Alabama
91
87
fcS
,Sti
HI
Hi
79
78
90
84
87
95
Mississippi
Louisiana...
1888.
1889.
Shipmentt
Europe
S'me
This
week.
from —
Bombay
Jan.
This
week.
1.
228,000
14,000|
20.000 1,431.000
Total
Jan.
1.
'
820,000'
Average
.
189,000
Atexandriat Emipt,
September 11.
7,000 1,009,000
10,000 1,380,000
1889.
Receipts (cautars*)
This week
8luce Sept. 1
—Through
arrange-
1887.
1888.
10,000
15,000
This
meek.
11,000
18,000
Since
Sept.
1.
I
ThU
1
Total Europe
i,oool
Sept
1.
1,000
2,000l
2,000
1,000
2,000
2,000
l.OOo'
2,000,
3,000l
4,000
A cautar is 98 pounds.
This statement shows that the receipts for the week ending
Sept. 11 were 15,000 cant-ars and the sliipments to all Europe
1,000 bales.
—
Manchester Market. Our report received by cable to-night
from Mancliester states that the market continues firm for
both yarns and shirtings. The demand for both India and
China is improving. We give the prices for to-day below,
and leave those for previous weeks of this and last year for
comparison:
1889.
1888.
Coll'ri
SH
lbs.
Shirtings.
d.
s.
»7
a7
»7
*7
3-7
a7
d.
1
2
2
2
2
Mid.
Uplds
i'UCop.
S',11,..
twist.
Shirtings.
d.
d.
6J4
7*8
7»8
d.
8.
d.
8.
«8i4 5 7 a?
6^
aSk 5 eisao
7''8
658
d8»4 5 6i3''6
608 t7% ®838 5 8 -a-?
6% ;7^ a838 5 8 87
611, 7-6
nHhi 5 10 '»7
W!X
1
d.
I18
d.
1
11
1l
i
Ola
01-2
2
t/pW«
1
5
558
5aj«
5iii«
5i»ia
6
Annual CoTTOif Crop Statement.— In our editorial columns will be found our annual crop statement, with the usual
facts
and information
witli
regard to contumption, &c.
The Agricultural Department's Report for September.
— The Agricultural Department's report on cotton for Septem1 is given below
The cotton lepoit of the
ber
S(ati8iician of tbn Dciiaituient cf Agricul8*-ptcmtier, represents the crop as cduipaiativfly late. Too
abULdant ludisuire is generally reported, producing a rank Wted and
retiirding the dcvelopiiient uf bolls.
liusl has api eand fniitc gencrnlly
on samly upland''. The ifTuy soils o the Atlantic coart snow most ru»t;
the red laLus and heavy soils kav ^'
aU'ected o entlrtly exempt.
tiue,
f<,r
fO
87
86
ilO
82
83
87
86-6 83-8 82-8
82
87
82
89
89
84
88
81
84
(-6
81
HI
83
Ho
82
91
90
8H
H9
on
n
A
00
t*
t^
a>
72 I'O 83
68 93 81
71 9ft 82
87 91 85
80 86 8t
74 88 89
76 iS8 87
65 97 «U
5.'.
9.1
99
62 90 107
86
80
81
91
92
89
88
88
77
94
91
83
92
70
9rt
99
91 100
Hft
101
74 92 72
92
85
90
86
1888.
5
N. Carolina.
Carolina..
S.
Georgia
.
f
"^
>=>
84
78
80
88
83
85
90
95
92
79
S5
84
86
"1
I"
-^
80
90
90
91
95
87
90
yl
88
92
92
HO
as
82
1
'*J
79
87
0
^i
820
86
84-8
91-7
87-8
38
92
94
92
8b -0
90
868
90
94
91
88
78
90
84
91-2
89-3
8n-d
80-7
89-3
89-6
87.5
91
9.1
91
81
^9
C
1
^
^
85
82
81.
Si
90
92
90
84
83
85
'^
90
90
92
93
1
84-J
85-2
h9-S
91-5
80
91
76
90
h4
92
90
90
93
!>3
90
87
86
79
78
87
95
8S
86-7
87-3
83-8
88
!.2
-.9
90-3
90-0
87-0
73-3
9L0
9::-5
861
Jute Butts, Bagoino, &c.—There has been an active
for bagging and the market is very firm in tone, with
Not much trade ii
sellers asking 8;?4'((£l0^c. as to quality.
Sitice
wtek.
i',oo6
13 8iiB*8''i« 6
86
8H
on
CO
demand
I
j
To Liverpool
ToContlucnt
8iif.»8'*i« ;6
Sep. 6 8ii6'B'8»ie ,6
82
H
r.4
81
76
93
95
Average.. 86-4 87-6
9,000
14,000
I
This
Since
week. \Sepl. 1.
Export* (bales)—
30
M
N
00
00
77
83
78
87
i
Tennessee
s.
n
on
00
,1
Slates.
.
d.
CO
1889
1.
.
AuK.9;7i»i«<»8'i, 15 11
" 16 8
88V) 6
••
23,81,«48'*l« ,6
X
00
Taking the above figures for Septemljer, and adding them,
to those of the previous months, we have the following comparison between this year and last year:
ments we have made with Messrs. Da vies, Benachi & Co., of Florida
Liverpool and Alexandria, we now receive a weekly cable of Alabama
the movements of cotton at Alexandria, Egypt. The following Mississippi
l->euisiaua ..
are the receipts and shipments for the past week and for the Texas
corresponding week of the previous two years.
Arkai sas
Twist.
4
IC
78 88
70 95
70 89
8H an HH
84 76 90;
83 75 89
84 77 89
Ti H7 101
83 80 100
90 8;' !-9
79
Since
Jan.
3.000; 1,025,000
7,000; 355,000
Alexandria Receipts and Shipments.
32« Oop.
»
no
1887.
This
week.
Since
4,000
3,000
6.00011,203,000
All other ports.
Texas
Arkansas ...
Tennessee ..
t-
00
00
Bombay is
EXPORTS TO EUROPE FSOU ALL INDIA.
to alt
00
00
00
So. Carolina
80, Carolina.
Georgia.....
Florida
.
1889
1888
••
Texas
up,
78,001
85,000
Total all-
••
8i
91
81
Mississippi
Loui-tiaDa
Arltansas
OO
Tennessee
Florida
84
91
Alabama
reported In all the
The presence of the caterpillar and l)oll-wonn
Gulf Slates aud Arkansas. The first brood of the former Ilm woiilwl
Madras—
d.
itent.
62
79
87
90
94
\
reports:
1889
1888
*
Per
cent.
Virginia
That the reader may have for comparison the condition,
according to the Agricultural Department, for September 1 of
previous years, we give the following, collated from its
1.
Calcutta -
The above
347
4,000'
1889 1,000 5,000| 0,000 362,0001841,00011,203,000
4,000 4,000 211,000 601>,O0() 820.000
1888
1887 2,6o6 1,000 :i.()00 3(>3.000H(l2.(l(K) l,()2."),OO0
4,000 4.000 315,000 661.000 1)76,000'
1886
The movement at Calcutta,
the last reported week and
.
.
.
reported in jute butts, only trifling orders being
rtlle
I
at
1-70.;.
@l%c. for paper grades and 2(a2^^c. for bagging qualities.
Comparative Port Receipts and Daily Ci op Movement,
— A comparison of the port movement by weeks is not accurate,
as the weeks in different yeais do not end on the same dav of
the month.
We have consequently added to our other standing
and monthly statement, that the reader may
constantly have before him the data for seein j the exact relative
movement for the years natned. The moutlily movements since
Sept. 1. 18S8, and in previous years, have been as follows:
tables a daily
Tear Beginning September
UoHlhly
Reetipts.
1888.
1
1887.
654,776
Sept'mb'rl 332,017
October .1,133,016 1,213,404
Novemb'r 1,159,063 1,178,436
Decemb'r. 1,103,713 963,58)
527,570
718.091
January
February
461,201 341,274
March. ..i 330.510 225,042
128,721
April ...
166,571
131,498
May
66,319
72,438
June
18,102
July
56,009
19,306
82,364
August
38,388
Correct'n
27,516
1,460
1886.
1885.
1,
1884.
1883.
343,812
359,2031 385,642 345,445
1,034,450 1,055,524 1,090,38^| 1,046,093
1.169,979 1,083,552 1.122.164il,030,380
1.104,88(ill,069.920 1,104,211 1,059,653
644,681
404,272
258,332
89.186
47,426
17,648
14,884
61,210
34.467|
487,729
385,938
241,514
513,393
414.656
283.645
202,866
133,147
84,715
45,947
59.235
475,757
261,149
163.503
103,375
39,099
15,963
34,444
1.3.187
30.6 33
35,575;
11,8551
10,194!
111,7.55
45,918
31,63-3
19,504,
Total... 5,547,757 5,602,632 5,320,6245,396,68* 4,776,19! 4,850,575
Pero'tageof tot. port
99-37
99-72
99-51
99-35
99-36
receipts Aug. 31..
00 63
00 28
00-65
00-64
00-49
Correctio
100-00
10000
100-00
10000
Total por t receipts. 10000
This snatemont shows that up to Aug. 31 the receipt^ at tho
ports this year were 54,875 bales less than in tS87-SS aad
237,133 bales more thon at the same time in 1886-87. The
receipts since September 1, 1889. and for the coiresj,onoing
;
period of ihe five previous ytars have teen as followt:
1
Bep. 1...
2
3...
••
4...
..
"
»
..
"
6
..
•'
7
..
••
8...
"
••
—
1
9...
10...
" 11...
" 12 ..
•'
13 ..
5.840
9,679
10,739
4.0B9
8.
8.
12.083
10,159
7,395
10,813
11,174
12,733
7.650
5,806
6,509
6,325
8.265
5,414
8.
13,928
13.195
13,392
14,543
19,640
16.629
8.
20,533]
13,846
13,981
15.281
16.620
Total..
114.618
Pereeotase of totali
pwt r«e'pU Bep. 131
S.
8.
6,983
6,343
7,336
5,676
9,155
10,101
12,588
7,498
6.747
6,235
22.181
23,207
11,933
76.696
162.973
76,378
8.
2,914
2,548
2,052
2,549
5,040
2,70
6,314
6,675
4,910
5.970
6.205
2,792
3,281
5,690
7.089
s.
I
B.
10,390!
8,206
5,646
8,39U
6,214
10,458
8,579
8,634
8.660
7,356
11,835,
10,959
8.
8.
66,304
86,803
I
01-38
'
01-61
01-43
02-91
[Vot^
01-39
I
This stateiueot Bhows that the receipts since Sept. 1 up to
to-night are now 67,922 bales more than they were to the same
day of the month in 1888 and 18,355 bales nacre than they
add to the
were to the s»me day of the month in 1887.
table the percentaves of total port receipts which had been
received to September 13 in each of the years named.
Hon.
Satur.
18S4.
1885.
1886.
1887.
1888.
1889.
••
.
THE CHRONICLK
348
••
..
.
After the receipt of the olttcial teletn-aphlc weather and crop reports
at the l)epni)tn>.' of last week, little rain fell In most of ihe cottonKTOWiDg aletrlcts, l)ut with the exception of Khaugamu. where there
had l>«en over an Inch, only a few cents were ^egi^tere^l In otlier circles
than Ben cal In the Cawnpoie district of that circle, l^s inches had
fallen, and Aijra and Delhi had received al)out l^a Inches, but the aehis inconnU of the growlDK plant* contiuued favorable all r mud.
deed was the tenor of the news from all the districts, ami thout'h Hue
weather was wanted at Bar-ee. tlie plants were still floiiriflhiDg, and in
the backward parts of the DhoUera circle the sowing was tnakin j good
progress. A larger area has been sown with cotton at Dhulla than was
covered last year. The rei>ort Issued to-day advises ^H to .i'i2 luches of
rain In Agra and Delhi, but not ai> inch in many otlier parts of the cotton area. A continuance of Hue weather was needed for tue plants at
Bareee; but in some other parts of the Oomrawuttee circle more rain
was required: otherwise the previous favorable accounts of the
progress of the crops are repeated from all the distriota.
i
DovlaGl'sg'w.d.
Havre, steam
e.
Do
sail
H
In four districts the estimate is practically the same as
the area sown last year, and In vhirteen districts It Is below it.
The cause of this Is very Kimple. The rain In June has in many districts been ijulte Insulticieot lor cotton sowings, and the rains in May
were not very favorable, and the poor crops of the last few harvest.-*
have deterred Zamindars from sowing cotton. In the Multau District
It Is stated also that indigo is bBing substituted for this crop.
Wherever
there has been an Incre ised area sown it is attributed to the good rains
of Febiuary last which prepared the ground for sowings. In i?hahpur
the loka or groiiud locust Is said lo have attacked the crops. Although
the rainfall was very unsatisfactory In June, since the l»t of Jul» suHictentrain has fallen In m.iny districts, and as much of the cotton grown
Usowu after the commencement of thu rainy season, it may faiily be
hoped that the actual area under cotton will tiir j out lo be very much
more satisfactory than the figures of this forecast would indie ite.
crop.
8HIPPIN0
Nkws.—The
exports of cotton from the United
States the past week, as per latest mail returns, have reached
26,643 bales.
_
«»W YOBK—To
Total baltt,
Liverpool, per steamers Adriatic, 1,872
Arizona, 2.0J2....City of Chicago, 2,751 ...CJallla, 2,463
....Nasioyth, 2,310. ...Servia, l,93t
13 392
To Havre, per ste.im r La Brotag.ie, 941
941
'.
To Bremen, per steamer liller, 4.74
4.^4
To Hamburg, i>er steamer Ortllert, 51
51
To Antwerp, per steamers Noordland, 1,176 ...Pennsvlva-
nla,H4l
Hrw Obleanh—To
.....
2017
Liverpool, per steamer Bernard Hali,'3,i93!
dll'JS
3.cl20
Qalvbston— To Liverpool, per steamer Amethyst, 3,320 ...
BOBTON— To Liverpool, per steamers Cepbalonla, 500
Iowa,
126
_^ ^^^^
..... ...
To St. John, per steamer Cumber'and. 99
.'.'
Bai.tiiiobii~To Liverpool, per steamer Mentmore, 549
626
99
519
.
.'.
'^"^
"Seiili
The
particulars of these shipments, arranged in our usual
form, are as follows:
Liver-
New York
N. Orleans
Ualveeton
Boston
Baltimore
Total
vool.
13,392
5,193
Batre.
941
Bre-
Bam-
mtH.
454
burg.
51
AntSI.
werp. John.
2,017
23.080
•is'
Hamburg, steam.c.
Do via London .<{.
454
51
2.017
...
725
549
99
26,642
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data
down to
the latest da es:
H»™hurg-96p*. 7— Steamer Romin Prince, 123.
St]Jf^°^~^''
R«W UKLKA.^iit—To Liverpool— Sept.
7 -Steamer Texan, 6,0.59.
BAVANNAH— To Liverpool -Bept. 9—Bteam.ir Kathloen.
4,103
BOBTOM-ro l/lrerpool— Bapt. 6 - -itea.nor Scyima,
acot
R.,.r,J*''""'":n^
BALTiMORK-r.
?'"«'"
...S«si>t
l.>-3t.ia.u.-r Bavaria.i,
LWerpi)ol-3.)pt. U-Stoamer Car dina,
7—31 -amers Alava,
Nova Bootian,
;
-
To B emeu-Bci>t. 7-Stea.ner Am-rlca,
FHiLAUisLPiiiA-roLiverpool-Sept. 10-Steamer Lord Cllve,
;_Oott-on freights the past week have been
as follows:
»is®«B
»18®'8
»I««^
75*
75*
75"
»is
E|«
•ii'
•s
75*
A.mBf d'm, steam.c.
Do vlaLondon.d.
B<)val, steam
d.
Do saU
d.
Baroelona,steam d.
Qenoa, steam .. .d.
78*
75*
"is
^r
•is"
Trieste, steam... d.
Antwerp, steam d.
• Per 100 lbs.
aaBi
''is
»i«
*16
"is
sis'
%a»iie
^sa^'is
*a2^''ia "se'^'is
—
Liverpool. By cable from Liverpool we have the foUowIng statement of the week's sales, stocks, &c. at that port,
Sales of the
week
bales
Of which exporters took
Of which speculators took.
Sales American
.
64 .000
7,000
4,000
43,000
A>3taal export
mount
[
4,000'
Fjrwardea
Tjtal stock— Estimated
Of which American- Estim'd
T0t.1l import of the week
0/ which American..........
alloat
.....
Of which American
59 .000
520,000
292,000
15,000'
8,000
38,000
15,0001
lug. 30.
Sept. 6.
40,000
4,000
2,000
26,000
5,000
45.000
482.000
266.000
13,000
10,000
45,000
19,000
44,000
3,000
3,000
34,000
7,000
46.000
459,000
246,000
30,000
19,000
54.000
34.000
36,000
2,000
3,000
25,000
8, COO
42,000
430,000
226,000
21,000
14,000
81,000
5.=i.000
The tone of the Liverpool market for spots and futures each
day of the week ending Sept. 13, and the daily closing prices
have been as follows:
of spot cotton,
ScUurday Monday. Tuesday,
Spot.
Market,
12:30 P.M.
}
Quiet.
Small
Dnil but
fav.jr.
inquiry.
firm.
e\
& exp.
Wednei. Thured'y.
Qolat.
Friday.
Steady.
6"!
611,8
61'i8
5,000
7,000
4,000
5,000
6,000
6,000
500
500
500
500
500
500
Mld.Upl'ds.
Sales
Spec.
j
In buyers
5
6^1
Future).
Onlet at
Market,
2:30 P.M.
Market,
4
p. M.
cline.
Dull at
1.04 decline.
Steady.
Steady.
1.04 de-
}
Quiet at
partially
1-64 dec.
Steady.
j
The opening,
highest, lowest
ijteadr
at
2.S4 ad.
steady.
Tance.
ellne.
Barely
Steady.
steady.
and closing
Soar at
14!4de-
steady.
prices of futures at
Liverpool for each day are given below. Prices are on the
basis of Uplands, Low Middling clause, unless otherwise stated.
Mod., Sept. 9.
8ai., Sept. r.
Open Bio* Low.
d.
d.
September
6 46
6 48
Sept.-Oct...
S63
563
Oot.-NOT. .. 5 46
Nov.-Doo... 5S9
Dec.-Jan.
Jan.- Feb.... 5 3S
Feb..March 6 38
5 48
5 10
Clot.
d.
d.
643 6
5 61
5 45
5
5 39
5
5
5
44
62
48
40
33
Open High Low.
d.
d.
Tnea., Sept. 10.
Open Bioh Low. Cbw.
Olot.
4.
d.
d.
641 641 6 40 8 40
558 668 558 5 58
6 44 5 44 5 44 6 44
538 5
538
d.
d.
689
566
5 42
6 42
637
5fe
535
636
6 39
5 42
5 87
mi
638
5 42
5 87
5 3ii
5 37 537 5 87 6 37
688 6 39 5 38 5 39
5se
535
5 35 538 536
635 6 36 635
588 636 585
5 87 638 5 87
VVe<lnes.,Sept.ll.
Ttaars., Sept. 12.
FrI., Sept.
39
5 87
586 537 5 36 537
5 36
6 37
5 36
6 37
Opentam Low.
Clot.
Low.
Cloa.
Open
Blolt
It
d.
a.
d.
d.
d.
d.
(t.
d.
6 41
Sept.-Oct.. 5 58
Oot.-NoT. . 5 44
6 41
641
641
6 40
6 68
5 43
6 40
6 57
NoT.-Dec... 5S9
Dec.-Jan... 6 3»
Jan.-Fob.... 6 38
5 40
6 80
5 59
6 43
5 38
6 37
5 37
6 37
6 39
6 57
6 44
6 39
d.
September
558 558 5BS
544 5 44 5 44
53c
5 39
5 39
538 538
6 3S 538 538
S.'Sg 538
538
638
Feb.-March
Moh.-Aprll. 538 83« 538 5 39
April-Hay.. SSU 5 40 5 39 540
OpCTl Higk
641
588 539
5 87 638
5 37 538
6 87 538
638 538 538
639 6 40 539
1
538
538
538
638
6 40
638 KSH
1
d.
638 839 638
6 56 658 5 54
538
538 538 538
538 5 38 5 38
Mch.- April. 5S7 688 5 31 638
April-May.. 538 5 40 538 5 40
'
.
.^,193
3,3-iO
911
\
5 57
5 45
5 40
538
538
638
6 39
6 40
5 57
6 45
5 40
5 39
5 39
5 36
6 87
13.
Low. CUM.
d.
d.
6 37
5 67
5 45
6 37
5 67
6 45
640
538
540
5 38
5.S9
.iSS
5 39
539
641
6 40
5 39
5 88
6 39
6 39
6 41
Total
9i»
•
%
I
•is® "8
16,-55
S,3-.«0
626
549
H
e.
Bi-emen, steam c.
Do via I-elth.d.
The following
report on the cotton crop in the Punjab was
issued by the Revenue and Agricultural Department under
date of Simla, August 2.
Tne cotton crop of 1888 was not a heavy one, although considerably
l>etter than that of 1887, and 37 iwr cent better than was anticipated
by the figurtes given In the tirat foreca-st.
This year Ihe estiuiates are very unfavorable Indeed. The estimated
area under cotton Is only 86 per cent of the area under this crop last
year. The area of irrigated land under cotton Is estimated as much the
same this year as last; the estimated area of lands dependent on rain
•own this year with cotton is only 71 per cent of the area so
own last year. Twelve districts show an increased area under
m,
Tliur$.
Liverpool, steam d. "is^Tjg 6,aa7,g ^I««^18 'l8®''l« »I6«''l8 *16®''l8
We
East India Crop.—The Bombay Company's (Limited) Cotton Report of date August 6 says:
Wednes.
Tue$.
XLIX.
0_
'
.
Bant
••--°°»"-
.
B R E A D S
TUFFS.
Fridat.
p. M.. Sept. 13. 1889.
market h%s been dull and prices are withott decided chaone. The tone early in the week was 3 >inewhat
depress d, and buyers o' lo-v grades demanded ooocessions
that holders were not willing to make but a better feeling
WHS developed ou Tu-'sday, an I well maintained throughout
Wo'lneS'lay and Thursday, with some improvement in the
volume of tr»de, and a oetter inquiry from shippers which did
not lead to much business. To day the market was dull and
prices were barely steady.
The wheat market 8how.>d depression early in the week.
Buyers were discourag )d by the free movement of the new
crop, the accuiuulatiiig stocks and the dull for-ign advices.
But on Tuesday the Bureau report was less favorable than
The
flour
;
..
.
..
Septsmber
THE CHRONICLE.
14, 1889.J
had been expected, causing a smart demand to cover contracts, and on Thursday foreign advices were better, bringing
some export inquiries, though little was actually done for exThere has b( en a good milling demand for wheat, and
port.
yesterday considerable lines of good to choice ungraded red
To day the market was weak,
wintrr sold at 84@87J^o.
under selling to realize.
OF wo. 2 KBD WIMTBB WHEAT.
Wed.
Thuri.
Hon. Tuet.
DAII.T CLO8INO PBI0B8
Sat.
September delivery
October delivery
0.
83
o
83158
8314
eSHs
84»8
83-1-
84'4
81%
Sa^a
84%
85
m
84
84>4
84iS8
85
80 "8
,,
8o!>8
o. 8458
November delivery
85''8
S^iTg
86ie
8738
87
86 58
December delivery
o.
SD'a
87
88^8
87.1»
87
January delivery
o.
19
91 '6
92 14
91Ȥ
OC,,
go's
90 »8
May, 1890, oeUvery.
Indian corn has for most of the week shown a feeling of
depression under free receipts at the West, and a general disposition to realize promptly. Tbe Bureau report on
Tuesday gave a stronger tone to the market, stimulating a
demand to cover contracts; but as the higher prices checked
the export demand values were not long maintained. Yesterday there was a large business in No. 2 mixed for export
(part to arrive) at 43J^@43}4^c. in elevator
and
To-day
afloat.
weak Western and
the market was easier, unler
foreign a1-
vices.
DAILT OLOSIHO PKI0B8 OF NO. 2 MIXED OOBH.
Hon.
Tuet.
Wed.
Thurt.
Sal.
42»8
42"^
42'4
42
o
42»a
September delivery
October delivery
42%
Fri.
41%
42
42 '8
43
42%
42 4
43I4
42!>8
42%
43
42%
Decern Ijer delivery
43i<i
44
44
43'4
May, 1890, delivery
43%
43%
Oats advanced on th"? publication of the Bureau report, and
being very sparingly offered maintained the higher range of
values better than wheat or corn. To-day the market wa?
November delivery
easier
and
42>4
42*«
4258
o.
c.
c.
o.
4238
4258
42°8
4238
dull.
September delivery
0.
2^'8
25''8
2638
e.
25%
2 %
2618
26^
Fri.
26%
28%
26
26
2618
26I4
2658
0.
26 >9
November delivery
261a
2719
2719
2B%
26%
December delivery
c.
2859
29 ig
0.
2!i58
29
May, 1890, deUvery
The following are the closing quotations:
26%
261a
2714
2919
28'8
October delivery
27
FLOnR.
$2 00a$2 60 Southern com. extras. I>3 00 9
2 403 2 80 Southern bakers' and
Superfine
family brands
Spring wheat extras. 2 CO a 3 00
4 00'9
Minn, clear and stra't. 3 50i» 5 00 Rye flour, superfine.. 2 75»
Wlntersliipp'gextras. 3 00» 3 50
Fine
2 259
Winter XX and XXX. 3609 440 Corn meal-
9
bbl.
42i®560 Western, Ac
Patents
2 40a 2 80
Brandywine
BoutHern supers
Buckwheat Flour per 100 lbs., $2 50 a$3 OH.
GBAIN.
Wheat—
0.
Spring No. 2
Red winter No. 2
Bed winter
•
75
Spring, per bush...
— ®
609
2 70
0.
0.
411^9
43 14
2
2
Corn—
c.
Western white
Ry<v-
88
3 50
5 00
3 00
2 50
759- —
84 9 85
Westem
Ifhn. 49 ® 51
73 » 87
State and Jersey
50 » 52
80 « 88
Oata-Mixed
2514S 28I4
Com— Weet'n mixed. 41139 43 14 White
27 •» 38
26I99 2714
West'n mixed No.2. 42 a 42%
No. 2 mixed
41ia9 43 14
Western yellow
No. 2 white
28%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.
first give the receipts at Westem lake and river ports, arranged so as to present the comparative movement for the week ending Sept. 7, 1889, and
since A.Ui>ust 1, for each of the last three years:
..
.
We
at—
JTour.
1
Com,
Whtat.
1
Oatt.
Barl«v.
Bvt
B»lt.lMII»|Buik.eoil> » Bl«hJ56U)«|Bu>V32»)» BlM>1.4Hlk Ou.Betb
838.429'
100,100
1,722,839
128.168
li4,390
2.961.0S5J
43.706
199.245
25.28()
54,000
110.300
16,)(«)
41,153'
480,880
46,46 r
Dalntb
Minneapolis.
635.895
Chicago
MllwHDliee...
1
Toledo
Detroit,.
.
Cleveland.
8t.Lool»
Peoria
3,703'
423,0«!!
9I,fl5 !
43.900
.
2,0«3'
115,673
498
4,888[
241,287
61,600
18.86(i
.,
15,0141
40.831
310,950
1,528
36
21,174
37,143
1
Tot.wk. '89.'
Same »k. '88.!
235,13.'!
I74,971|
Bame
217.24 7
wk.'87.
Sinte Aug.
1889
1888
1887
658,031'
32«,12()
1,600
24,463
38.500,
161,40()
158,0CO
6,000
7.800
S,551.929|
3,843,89(I
2,444,19!
286.889
8,«a4.089
2,S09.27S»
3.171,881
2.568.654
8,318.5»t
1.687.179
368,568
745,661
223,543
215.471
50,368
533,901
688.83fi
6'27,388
768.458
303.681
2,400'
1
16,500
1.
1
1.250,17 •
18,304,979
1,320.90,^
20.437.83a' 11.620.17f
\ifla»fi»i 10,377,76.'
l.3P«,8r, 5
19,602,585
14,457.907
12,115,852
13,313,141
I
8,254.450
The exports from the several sea board po rts for t tie week
7, 1889. are shown in t \xB annex 9d statem ent.
en ling Sept.
^^
WJteat.
Biith.
Com.
Flow.
Bimh.
297,738
137,843
Bblt.
27,918
ll,2i0
56,902
OaU.
Mye.
Buah.
54,378
Buih.
25,036
New York
133,224
Boston...
Portland.
Montreal.
Philadel
Baltlm're
N. Orl'ns.
132.043
56.500
167,327
163,428
114.852
652,52ii
793,040
186,189
54,378
C71.72'i
266.926
3,135
N.News..
Rlchm'd
Tot. week.
tiore
at—
buth.
buth.
28,521
9,407
104,000
6iX)
2-'>,000
-io'soo
22.500
21,715
540.285
87,153
5,875
25,725
27,371
'59,544
"544
1,104,275
505,803
1.862.616 4,252,179
360.240
1,499
420.3 <3
551,765
1,256,370
149,150
143,54^
17,9 ^5
Milwaukee
Dulntb
Toledo
Detroit
40,000
•Oswego
St,
Afloat
Clnolnnati
Boston
loronto
Montreal
414,777
23,772
240.768
207,028
813,098
912,030
115,000
90,214
Philadelphia
Pe*rla
Indianapolis
Kansas City
""
Baltimore
i
Minneapolis
Paul
St.
120,000
726.80^
114,009
5,000
169,509
1,200,610
18,891
86.000
2,675
62,708
283.693
Louis
On Mississippi...
On lakes
Barley
buth,
288,207
Buffalo
Chicago.
OaU,
bruK.
352,2.M
«7,70O
l,l'.54,093
1,192,691
21.747
191,264
21,373
10.248
29,363
542,896
207,691
3. ,005,283
21,447
1,050
128.723
102,862
7,445
35,803
15,000
82,922
30,420
29,000
"iiooo
829
12,255
22.398
100,598
27,258
82,293
26,632
35,2
U
352,051
149.86S
14,709
84,305
102,676
'"6;9Ve
13,342
1'22,393
27,998
5,265
2,933,M18 1,034.941
52,200
On oanal & river. 1,216,000 1,2S3,300
Tot. Sept. 7, '89.
1)1. Aug.31, '89.
TitSept. 8,'88.
TjtSept. 10. '87,
Tiit.8oj)t. 11,'86.
14.098,032 12,090.698 6.111.25.7
14,385,716 11,735,584 6,13 1.658
30.437,«90 9.0H9,2a7 4.424.748
31.210.890 7.106,089 4.387.513
44.872,1)30 13.633,805 4,027,637
"
l/a«t week's stocks. This week's not received.
Minneap ills— 912,032 bush, wheat in elevators
not includi d la the above.
t
33,100
980.706 295,743
924,824 291.776
378.003 109,565
281,864 514,054
570,843 1,027,466
declared Irregular
DEPARTMENT REPORT.—The
AORICULTURAL
1,428
40,000
1,447
252,771
Agricultural
Department's report on the cereal crops was issued on September 10, and is given below
The September crop report of the Department o( Agriculture makes
:
general aveiasje of corn 91. a reduction ot nearly tlvepiilnts; of
winter wheat, when harvested, 89-4, from 92 on the 1st ot July; of
spring wheat, SS-a, an incr<'asf< from 81-2 in August. This mnkes tho
general average of all wheat 87-6. The general coiiditiou of oats is 90,
in.stead of 923 last month; of rye, 91-6( of barley 88-9, insteal ot 90-6;
of buckwhi at, 921, instead of 93'2; of tobiR«o, 76'2, a reduction from
S4'4. The percentage of stock hogs available for fatteuiu;: Is 101;
condition, 98. The orn crop is a week 1 ite in a large proporiiou of its
breadth. On the Atlantic coaht rains were excessive and floods Injured
fields in bottom lands. Early In the season temperature was biw, interfering with gc minatlon and cultivation. The uplands eAJoyed oondlditiona f-ivoiable to rapid growth.
On the Gulf coast there wan some excess of niolsturn until June and
.Inly, with drought in some districta since, and in others seasonable
fihowers resulting in crops exort'SHed by niediiim to high average*.
In the Obio Valley and Lake region there has b^en a marked reduction of condition auringtha last mouth, from drought foU.iwing the
heavy ratns of early summer. In Olilo and Indiana there was previous
injury of bottom land crops by Hoods.
In tlichigan and Wisconslu the elLnts of drought and other influences are most injur ous. rhere is complaint of drought west of the
Missii,si|<pl, too late In tbe season tor serious reductio 1.
West ot the
Missouri i-onditions have been more favorable than in any other part of
the country, and the crop is very large.
In the seven surplus States the ilgures for conditi in are: Ohio, 81, a
loss of 6 (joints; Indiana, 81. loss 6 points; llliuois, .'^7, loss 3 points;
Iowa 94, loss 6 points: Missouri, 93, loss 3 points; Kaiisis, 93; Nebraska, 96. The reduction in winter wheat, as comparted with tiie July
1
White
Btceipti
Com,
Wheat,
In
NewYork
Do atloat
Mbany
tlic
DAILT OLOSINO PRIGK8 OP HO. 2 HIXBD OATS.
Sat.
Hon.
Tuet.
Wed. Thuri.
Pine
349
1888. ..'1,272.814'
2«,ti00
170,999
45,008
The visible supply of
65,717
24,168
Peas.
Buth.
680
7,943
25,264
234
....
25,036
33,887
68,756
grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by water, Sept. 7, 1889:
report, is in New York. Pennsylvania. Michigan, Oalitoi nia, and in
some of the Southern States. The iiuallty of Western grain, as shown
by its grading, is comparatively poor, and will aflfeot weight and intrinsic value
The condition of spring wheat is reported higher than in August in
the Northern portion of tbe belt, and slightly lower in Iowa and
Nebraska, as follows: Wisconsin, 9i; Minne.sota, 96; Iowa, 9 i; Nebraska, 88; Dakota. 63. The local rates of yield la Dakota are extremely
variable, ranging from one to twenty bushels per acre.
THE DRY GOODS TRADE.
Nbw Yokk, Friday F. M., September 13, 1889.
In spite of very unfavorable weather coaditioas auring tlie
greater part of the week uuder review a fairly active business
was done in jobbing circles. There was naturally a reaction
from the extreme activity noticed of lite, because a good
many retail buyers from remote sections of the country have
completed their early purchases and returned homf. Local
jobbers are fully satisfied with the outcome of the fall trade
to date, the volume of business having been considernbly lu
excess of the corr^^sponding period in former years. At first
bands the demand by personal selection was only moderate,
but commission bouses and importers continued to receive
very fair re-orders (by mail and wire) from interior markets,and
many of th^se orders were accompanied by cheering reports
regarding the business situation in the West and South. The
main features of the markt t are unchanged. Values of nearly
all domestic and imported faf)ric3 remain steady and stocks
are for the most part moderate in view of the supplementary
demand
in sight.
—
DoMfeSTic WiOLEN Goods
Bu-iness in men's- wear woolens was cornparatively light, but some fair-sized orders for
spring wor.--ted suitings and trouseringij, low and medium
grade light weight fancy cassimeres, &c., were placed by the
clothing trade, and leafing makts of these goj is are well
.sold up by the commission houses.
Prices are consequently
steady and unchanged. Heavy clothing wo )len3 were sluggish, and there was a moderate business in fancy cloakings,
stockinets and Jersey cloths. Satinets were in irregular demand, and Kentucky jeans ruled quiet in first hands, but
considerabU sales of the litter were effected by jobbers by
means of low prices. Soft wool and worsted dress fabrics
were in steady request by package buyers, and a large business in these goods was done in jobbing circles
Flannels
and blankets were freely diatributetl in package and assorted
lots by leading jobbers, and » fairly satisfactory tade was
do'ie in carpets, woolen and beaver shawls and wool skirts.
Domestic Cotton Goods. The exports of cotto'i goods
from ihis port for the week ending .September 10 were l,93.j
—
THE CHRONICLE.
350
Iniportalloua of Dry Goods.
The importations of dry goods at this port for the week
ending Sept, V2, 1889, and since Jan. 1, and the same facts
packajps, valued at $ias,493, their destination being to the
points gpeciflfd in the table below:
1888.
1889.
Bbw Yokk
to Beit.
10.
99.334
43,303
3,536
106,165
142,637
3,536
1.93S
S,5«3
5,498
36
Arabia
"l52
AMca
2
235
SO
92
West Indies
Mexico
Central Ain<>rioa
1,131
Aiiit>iio»
Other countries
Total
CUna, via Vancouver
*
46
70
Olilma.
127
16
851
16
250
3.190
1,814
37.706
6,074
10,188
2,697
9,988
3,789
3,664
25,390
1,666
7.05i
1,345
32,147
4,191
4,041
3,688
10,381
2,838
4,162
27,111
2,076
123
15
Great Britain
Other European
Bomb
Week. Since Jan.
Week. Since Jan. 1
"259
107
221
1,643
for the corresponding periods of last year are as follows:
1.
w
?
M
O
si.
Ifr
CDO>
ts
1?
01
!D
KU
«o
been
There was a somewhat freer demand for certain descriptions of staple cotton goods by converters and the manufacturing trade, and the commission houses experienced a steady
call for small re assortments from local and out of-town jobbers. The jobbing trade in plain and colored cottons was of
food aggregate proportions, a liberal package bueinets having
een done by some of the large houses. Agents' prices remain steady and without quotable change and stocks are
mostly in good shape. Print cloths continued quiet at abtut
last wefk's quotations, say S^c. less J^ per cent for 64x64s
M
Oi^
^-Ol
Ur-
and 3
X
X
IVrtal
New
have
York exports since January 1
v.alue of the
|5,950,734 in 1889. against $6,409,434 in 1888.
The
VI
1889
Slock of Print Ctotht—
Scpl."!.
Held bv Providence manul'era. 193.000
Fall River nianufaclurers ... 17.(00
a
a
-J
ProvUlence pjteciilalore
Out«ide speculators (eel)
F/pl. 10.
Sept. 11.
7.000
2.000
None.
None.
159,000
89,000
62,000
85,000
iccoco
None.
0,000
....
01©
-
M
eoot^od
OCX*- tecs
CCCD
or
caoj--x_
Laws and
ilO,
l$<87i
Under
ilie
8ialntes ol the Htate of
Kew York,'
The bnsmeM and objeiis ot this Society are tc
saaociate iulo a Society or Guild, the best aiic
most capable PritLic AccorNTANXs practicinR !r
the Uulted States, and throuKh such Association t*
elevate the profeBsion of Public Accountants, as t
wtaole.atid demonstrate their usefuluess by compellln« an enamluation as to titness, and the observance of strict rules of conduct as a condltlou Ot
membership.
OFFICEHi^t
Frealdeni-JAMKS YALDEN, New York.'
TIce-Prea.— JOHN HKINS. Philadelphia.
8ec.-.)AMK9 T. ANYON, New York.'
Treas.— WM. U. VKY8KY. New lork
CCpD
OX
*»•
I""
James T Anyoo. N. T.
John Ilelns, Philadelphia.
Y.
Mark C. Mlnca, N. V.
M. uerKtheil. N.Y. Kodner McLaughlin. Bos
William Calhoun, N.Y. C. H. W. Sibley. N.Y.
GeorBe 11. Church. N.Y. Walter U. P. Veysey N.T
Thomas Bagot.N.
IjOuIb
James Yaldeu. N.Y.
James T. Anyon, Louis M. Berirtbell, Tboma.
BaROI, James Cox. William Calhoun, (jeoriie 11
Church, C.W.llaskins, U. F. Munro, Mark C. Mirlck.
C. H. W.Sibley. Henry M. Tate. William U.Veyse).
Walter U. P. Veysey, James Y'alden, New York
Richard F. Stevens, Jersey City, N.J.; Horace I'
Bradbury, Rodney McLnntihlln, Henry A. Piper
Boatoo, Mass.: John W. Francis. John Ueius, Henri
Kelly, Philadelphia, Pa.: Erio M. Noble, Waahint
ton,I).C.
OMcea ol the Aaaocluilon, No. l!iO Broadwar. Keomai i«lih Floor). Mew York llii
W1LLIA9I FRAXKLljy UAL.L,
244 Washington
St.,
UostOH,
X O -' Ci
O w' C X
s u
U OX
R
s
o
a
il'X
to
CV
Books and accounts audited and adjusted
Settlemeitt of innolTent estatea ou bekalf
eic
00 In
00 U(
-ji..s!e«
U'X)M-iaD
-1-1
0te4Mtors carefully arranged.
l^X
O to -^ Si
to
XXCtCCP
y
ot
>
*-.
*.
yirf:tCO-]fP^
Mwcseso
M
c to ri«
O
tf-
00
8 •',000
X
!*>'
ODaUICRCIt
a?
X to ^ -J
to
1
o
lO'Xi^TcO
-4tO— CSlffc
-1
0»
>-IO-tO
-ic*-o: 3
B
-1
CI
CD
w*— ^uob
UXIpt-C*
;l_xaplO
ocxc-.x^
§
3
O
.3
r-*
M
X
CJi
w
X
M to
CO -1 o u u
ox
a -- UQIX— to
^w b'Cixxx
tt (0 -J
M c>
s
wxoitsfr*
r-c:
o CO
W» -^ wi
I
if>>
ifh
to *X
o
^1
0"i
t-
Oi
s
»
Ct-M
to
X c^
192,726 245,885 708,674 192,248 464,186
xos
o-
1;<
X
--)
-.
Si
xs
n.teoiota
Ss
s
1
"iotORtoi^
O-£0:if^&0
h-
1
'-J
i
*^ en
1?
.«tB
u
I
Vib
ig
-1
H X
B c
X*-
o-» tJi
ocaiQDW
IF-
O X c to ^
g
rf*.
3
X
Mt3*-
MX
21.498
C0»^ rf-X'J
to
w
to
CO
£M^X
a
i: "' OS
c<
o> ^0
to
tc X
O C. X ^ CO
o-f
CJ> tf'
XX
<lXO^I^
11,824,954 26,570,665 13.119,193
7,109,409
M
*1 X
X
932
w
^ittamcial.
CONBAD
of Buftalo,
N.
JORDAN
F.
J.
Cashier,
CANDA.
H. A. SMITH,
Assistant Cashier
Vlce-Pres't.
N. Y.
Co..
Blakkinhorm,
President.
CHABI.C8
The Western National Bank
OF THB
Chicago
NEW YORK.
CITY OF
83.300,000
CAPITAI.,
Accounts respectfully sollcltod. Interest allowed
on deposits of Banks and Bankers. The una
banking faclUtiei extended to ctistomers.
wU
Island City Savings Bank,
GALVKSTON, TEXAS.
draft In kind, will be afforded. The methods of r*ceiTlng such deposits and making payment against
them will be sabject to arrangement.
Surplus, 8100.000
Transact a general BankinK Buslncsfi in all Its
brunches. Buy HitUfif>U Ft.ireiKn and Domestic Exchange. Make Collections ou all available points
in Texas.
HemlttanceB aud Telegraphic Transfers
$100,000
made at liberal
1
rates.
J. S.
ALEXAXBEf,
A. A.
Pres.
Alexandkb, Cash'r,
Texas National Bank,
SAN AATONIO, TEXAS.
DRAWN ON
BILLS
THB NATIONAL PROVINCIAL BANK 1
OF ENGLAND (Limited.)
> Laadoa'
THB CNION BANK OF LONDON (L'd).)
HBINE A CO., Paris.
JOUANN GOLL A SOBHNB, { '^'^ Mfafn.***"'
S, BLEICHROEDBR, Berlin.
8CHWEIZEUISCHE UNION BANE, 8t. l^iall.
F.
BLANKENHOKN.
CastaUr.
COLLECTIONS AND INVESTMENTS MADE.
Correspondence invited.
THE
MERCHAMS' NATIONAL BANK,
Assets State Debenture Co.,
42 NEIV STREET, NEW YOKK.
MICUraONU, VIRGINIA.
Collections
made on
all
terms: prompt returns.
JOHH
P.
OLINN.
240
And
JOHN
Cash.
Southern points on besi
P.
BRANCH,
8CUDDER.
LA SALLE
President.
FRED. K.SCUTT. Vlco-Prst.
Investors'
L.
JR.,
ST.,
Agency
PROPBIBTOB,:
CHICAGO, ILL.
CnpltalKfirat laane
...
tSOO.OUO
H. K. BLOODGOOD, President.
J. SELWIN TAIT, General Manager.
The Directors are prepared to purchase, for casb
assets of Insolvent estates, and to make adyancea
on approved
securities.
reports upon the affairs of Corporations— Railroad Companies especially— for
who may be annual subscribers
Bankers, Lawyers, Executors and Trustees will
find the Company an advantageous medium for the
prompt disposal of assets of every description.
The Directors are also ready tu undertake the
management oS estates or properties for minors,
handles tor collection Defaulted Bonds,
Uncurrent Stocks and Securities, and kindred
'labilities of CorporuMuna.
e aates.
Prospectus
WALSH A FLOYD,
BROKERS.
s
U Ui
Foreign Exchange bought and sold. Fscllltlas toi
keeping accounts In Sterling Exchange, snbjeot to
clients
STOCK
to 10 r-
Orden for purchase' or sale of seountlai
reoeive careful attention.
THIS AGENCY
BROAD STKEKr.
? SI
xS'
-!.-»»
-.1
-1
X(h»WH--^
CCOCOUih-
(;-
X :? ^ w
CC *»
CO
Oi
;
WfOTAKV PVULIC.
NO. an
t0»*tcOlCi
CtCO
York
Merchants' Loan & Trust
Union Bank of London, London.
M.
u>
•'I
•»
MKl(>(OaD
terms, and with careful attention to the beat inter
ests of its correspondents.
CoRRE.spo^'])l:NTS:— Importers' & Traders National Bank and Chemical National Bank, New
The
ACCOUNT AIJT.
b
7JC|Owito«
A.
X »- »' — CI
OMCWO
a - oc M lo
.
raLLOWS ve IHB ASS0CIA7I0N.
g
-lotto
*:,'Ci
O^K->-tC
8. 8. JIWKTT, Pres't. WM. C. Coknwklu Cash'r.
8300,0U«l
Capital. ...gSUU.UUO Hnrplua
This Bank has superior facilities for making Collections in and out of the city on the most liberal
Capital,
COUKCIL.
Is
•OKxtoe
OXh-XW
tcx
I
Ineorporaied AuKnat
p
!
CO
M
1^
BUFFALO,
PUBLIC ACCOUNTiJNTS
:
CnXCi-iX
cxctao"
rf).
55,000
Bank
.Association
t
of-
WAnvcnciKl,
ff^inaucial.
•
4
1--
25,000
s
:
3
:
tecsaou-
^
to
395.000
9.000
sag
c«.
-1
i;^a*-toui
©OOt-l-l
0D(O®WV<
It-
5.'
—
American
-IfrO
~i
t^
263,000
Printed cAlicoes and ginghams continued fairly active in
jobbers' hands, atd a good 1 usintss in white goods, quilts
and table dsma^fs was done by the ccmmission houses,
FoKiiON Dky Goods. The dem&nd for imported goods at
first bands was ftesf y tut modeiate and a fairly active butinets in some dtscriptions was done by jobbers. Vtry fair
im(,oriation orders (or cf rtain epecialtits in dress goods, &c.,
wtre placed for the si.riu(t iradi-, lustre mobairs in particular
having bten ordered freely for future delivery. Prices are
mostly steadv here and at the sources iif supply in Europe.
216.000
Total stook (Pieces)
O-l
»
c«
1886.
1887.
1688.
Sept. S.
?E
(0
It-M
.--1
tOh<i-o
is
3 16c. lor 56x608.
is
o
s
3
a!
'•St*
From New Enidand mill points direct.
M
-J 10
*-
137,444
IH
a:
ae
b:
5:
a:
2.
Bi
5
31,'279
'
fVou XLIX.
;
niin-resldents or others,
and
to close
and wind up
may be had on application.
@FedFRASER