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xmm
HUNT'S MERCHANTS' MAGAZINE,
AND GOMMERCIAIi INTERESTS OF THE UNITED
BBPRBSEJNTINQ THE INDUSTRIAL
(Entered according to Act of Congress, In the year
VOL.
1
Wm.
888, by
B.
Daka A Co., In
SATURDAY, SEPTEMBER
47.
16,
NO.
1888.
With EnAino September
8,
18)8.
Terms of Subscription— Payable in Advance
:
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These prices Include the Investoks' Sdpplement, of 120 pages
Issued once In two months, and furnished without extra charge to
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Terms
of Adrertising.
ArtTcrtlsements ordered for le.'is than one month, in the Commercial
& FiNANCiAf- CiiKOMci.E. src published at 23 cents per line each in.sor-
When
orders are ileflnitely given for one month or longer, a liberal discount is allowed, and the net prices may be obtained on application at the olllce. The lowest rates on permanent cards detlaltMly ordered for one year are 8 cents per line each Insertion, making *58 for
one Inch space one year. Space is measured In agate type -14 lines to
the inch.
tlon.
London Asents
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tobscrlptions and advertisements and supply single copies of the paper
•t Is, each.
B.
Co., Pnbllshera,
WILLIAM B. DAKA. [IVII.LIA'VI
102 William Street,
total Q. FLOYD.
Post Office Box 958.
Messrs
DANA &
'
NEW YOKK.
For the week under review the exhibit ot exchanges is a
quite satisfactory one, the aggregate for the whole country
showing a gain over the previous week ot more than seventy-
two
millions of dollars.
P\irthermore, the excess
is
pretty
well distributed, being shared in by all but six of the
included in our statement. The addition at New York
cities
is
in
no part due to an increase in transactions at the Stock Ex
change for, although the number of shares dealt in was
greater than a week ago, the actual value covered is slightly
less.
There was more animation to the speculation in cott;n
daring the week, but on the Produce and Petroleum exchanges the op- rations record a falling off from the week
ending September 1.
The crop situation continues quite
;
038,170,073
1,212.
Week End't
Sept.
P.
1888.
582,627,923
1,627,6:
X
Cmt
601.8}8,033
+!»9
(1,076,993)
(-4»-6f
8<Uu at—
thara.
(Stockt
(Cotton
(Qrain
txi/M.
(1,101,889)
(509,100)
hunheXa.
(42,151).86«)
l>bU.
(24,926,000)
{Petnltum
Boston
73.068.933
4,005,400
(1,641,898) (-S9-2
('90,400) (+7SVI
(12,882,000) (-(-827-8)
(28,842,000) (-13-6)
Worcester...
824.205
Borlngfleld...
1,002.308
548,999
65.102.028
2.872,400
1.407,217
1,219,974
906.983
71 4.219
916.435
5.4,933
83,200.889
74,643,249
Philadelphia..
f 9,1 37.773
57.900,846
PUfsburg
Baltimore
11,321.812
12,383.578
11,118,099
82,813,163
67,832,294
Providence..
Ilurtford
1.5&2,M9
New Uaven.
1,150.291
1.077,204
Portland....
liOwell
New
Total
England..
Total Middle.
Chicago
,
Cincinnati
Milwaukee....
Detroit
indtanapolla...
Cleveland
Columbus
Peoria
Omaha
Minneapolis...
Denver
Paul
Qrand Rapids.
Wichita
Duluth
Topeka.
St.
,
ToUl Western..
CLEARING HOUSE RETURNS.
STATES.
the ofBcc of the Librarian of Congress, Washington, D. C.J
St. IjouIs
8t. Joseph....
New Orleans.
Louisville
Kansas City..
Memphis.... .,
Galveston..,.
Norfolk
Total Sootbem..,.
San Franolsoo
Total
all
-fia-8
-)-6-0
+10-4
93U.268
'786.470
-I-8-7
926,721
666,569
-fll-6
70,592,479
+80-7
+11-4
+21
53,166,321
11,530,347
10,783,771
78,399,206
+5-7
75,480,439
66.708,602
10,828.650
+19^
4,988,782
6.259,782
l,887,«e5
3,431.804
2,289.571
1,451,589
3,157,890
4,702,881
2,681,1 18
8,534.697
635.M05
608,352
2.228.786
830.601
8,77(1,101
3.7(14.K98
+31-6
67,570,231
8.193,100
3,905,478
4,300 OOo
1,625,437
S.078.0i4
1.725.827
1.42:, 491
114,050,526
18.808.4.W
1.185.928
5,.''.25,S«4
5.381.TO6
6.450.674
7,637,773
+8 6
l,27a.0.'i7
9,380,81)1
— 7'5
+419
+96
+149
-83
+208
1,678.386
2,9o6,lS5
2,474,178
1,201,453
-t200
+21-5
+11-4
2.(117,916
3,775.81
2,388,799
8,796,908
67S,015
710,384
1,349.542
271.779
-B-9
+••7
+8-8-
-10-1
-a-8
+280
-ri
+ 03
+0-5
-15-S
—2-0
+ 24-5
-5-8
-2 6
—15-7
+20-5
+30-8
3,'i:)8.2(15
—3-B
3.154,595
2,v01,a00
3.418.404
+8-1
-7-8,
-18-8
+23-4
+72-6
+73-5
5(j0.2II3
-14-4
631,479
+652
2,4 10,643
+23-9
328,003
98,645,673
"+l?i
98,131,430
+1-0
18,700,549
+0-6
-3-9
18.371,473
1.071.473
-8-«-
1.234,7.11
1,069.951
5E3,43e
5,8t9.5.>7
4-9-8
7.495.991
+10-8
87l',«t9
-ffta
738,510
+S6-
-»n
—49
460.«71f
-38-4
+4-7
-3-7
43,305,848
42,149,988
+2-7
86,976,060
15,928,350
+ 5-S
17,648,130
872,398.3911
-3-5
-5-3
-10-1
4.:!l.s,:r;8
+1-6
16,777.903
878.037,902
+1-1
-2-8
-17-1
1,1<>7.841
4 9-4
8)
9)
— ll-»
07,543,562
3,412,000
1.310.068
-t-15-4
6.652,192
8,273,708
1,412 222
1.021,971
526,933
(+12
(+27
126,028,000)
+18 9
»,•; 38,(150
(-880V
(•.;91.>00)
(65,7n4.1i)0)
-1-0 8;
806,(151.571
—»»
Our usual telegraphic returns of exchanges for the five
days have been received, and they record a considerable gain
O Jtslde New Tork.,
840,887,889
+100^ ~^04.82H.53ai
309.764.466!
above the five days of the previous week. In comparison
with the similar period of last year, the aggregate for the
seven cities exhibits an increase of 0'6 percent. The estimatefavorable, notwithstanding an excess of rain in various local- for the full week ended September 15, based on these teleMercantile failures for the week, as reported to Messrs. graphic figures, points to an excess over the week of 1887 of
ities.
B. G. Dun & Co., reached a total of 234 (of which 194 were in about 2 '2 per cent. Messrs. R. G. Dun & Co. report the
the United States and 30 in Canada), against 226 last week, number of failures for the week ended to-night as 217 (190
214 the week previous and 174 for the same period last year.
in the United States and 27 in Canada), against 224 last
Compared with the similar week of 1887, there is a decrease week and 188 for the same week of last year.
New York of 4-4 per cent, and nine other cities record losses
ranging from 30 per cent at Galveston to 14-4 per cent at Betunu by TiUtrapK
Wichita. In the country as a whole, however, there is an
increase ot 0-8 per cent, and a number of clearing houses
report important gains: notably Duluth 65-2 per cent; New Tork
SaUi 0/ Stock (f/iora),...
Detroit, 41-9 Milwaukee, 31-5, and Minneapolis, 24*5 per cent. Boston
Outside of New York the excess, contrastdd with a year ago, Philadelphia
is 10 per cent.
Chicago
Share transactions on the New York Stock Exchange for St. Louls..._
the week cover a market value of $60,580,000, against |88,- New Orleans
&t
;
Week Ending September
1888.
1887.
«
602.597,008
511.910.623
(1,404,718)
(1.146.385)
6-,388,868
50,234.041
10,729,408
62.7S7,000
65.294,759
46.269.490
10.986.096
48.807.(00
16,087.878
4.60S.I«1
18.884,316
4,800.06:
Total, 5 days
705,519.887 701.429.247
458,000 for the week of last year. As is our custom, we deduct
156,l(t«.!04
Kstimatad 1 dar
165,287,679
two-and-a-halt times these values from the New York totals
Total foil week... .
87oi806,99« 867.511.451
to arrive at the exchanges due to other business, the result Balance
('8,5ej.4e9
CooQtnr*
106,107J)09
reached being $3S6,70 >,078 and $345,382,935, respectively, in
Total week. all.. ..
978 914.176 g.VI 184.1120
the two years, or a gain of 11*9 per cent,
For the full week, based on but week's returns.
16.
P.Oml
-1-8
(+88 9
+8-2
+11-0
+1-8
+88
+ 181
+8-1
+0-6
Week EnA't
Stpt.8.
1888.
P. Cent.
430.K9.079
—«-s
1888.036)
'J1.34S.S88
+0-S
49,379.487
10.515.09!
57.825,000
+13 3
15,827.805
4.727.129
+0^6
+3-4
639.248,810
i;'fl. 1 87,268
-*•
+69
+16
+r»
77i.43;.',578
-t2-«
l,7tl0*ij«79
+19^
+0-3
10J,5»7,8U4
-Mi»
THE CHRONICLE
298
loans cave
THE FINANCIAL SITUATION.
The conditions heretofore ruling affecting
mirket have continued to operate during
together making the real situation, present
On the one
pective, somewhat uncertain.
Deen marked up from
|^
to
1
per cenr, and
the institutions which are beat supplied with tunds have
the
the
money nothing out on call below 3^ and 4 per cent, and are
With regard to timeweek, making no new arrangements.
and pros- money, there is a'so great difference betwaen brokers'
hand have prices and reports from leading banks. Banks caTy the
carrency, reserve and have to protect, it, while brokers get, outside
been the iocreasing trade reqiiremeats for
caueing a steady daily drain on our reserves; no one
could doubt what that would lead to in the course of
another fortnight, if there was no outside supply flowing
But on
into the banks tending to make good the loss.
the other hand tnere is such a supply, and that is the
Treasury surplus, which through the Sscretary's bond
purchases is being turnei into our Clearing H)U3e
Last week ihe
institutions in large blocks just now.
aggregate of these purchases, as shown in our "Binkero'
Gazette," was about 6^ million dollars, but almost all of
was the transaction of Wednesday, the proceeds of
which (with the premiums paid amounting to nearly 7|
it
million dollars) did
all
[Vol. XLVII.
not get into last week's statement;
while this week the aggregate has bsen somewhat over 4
million dollars, 3^ millions (not counting premiums piid)
money
The
as well.
urgent or
active,
cent for four, five
while banks
tell
latter report the
demand
for loans not
and plenty of money offered at 5 per
and six months on first-class collateral
us that the inquiry has greatly improved,
and that they have an active demand for all they have
to loan.
For paper the inquiry is light and thwe is considerable urgency to sell; as a consequenca rates are high.
We quote 60 to 90 day endorssd bills recsivibli 5J@6
per cent; 90 day endorsed bills receivable S^Q^J per
cent; and single names having from four to six months
to run 6@7^ per cent.
As was expected last week, the Bank of England minimum rate of discount was on Thursday advanced to 4
per cent, against 3 per cent at which it had stood since
August 9. Tnis movement 8 Jems to have induced
the managers of the Bank of France to advance
Thursday,
being
on
their rate to 3^
from 3 per cent, at which it had
no',
and
perhaps
until
tc-day,
banks
reach the
Government
disbursements remained since March, and it is a notable fact that up
Monday.
These
until
no little uncer- to the alteration ia Mitrch the rate had stood at 2^
cannot be avoided, but there is
It is also reported
tainty as to their amount, due to the question whether per cent for nearly four years.
the Government can get bonds at figures which it is will- that the official rate of the Bank of Geimmy will
ing to pay. For the two weeks ending August 25 it paid soon be changed so as to correspond at least wi h that of
The immadiate cause for the rise
the next week, ecd n i tho Biuk of France.
for the 4 per cents 127|^ to 128
in
the
Bank
of
England
rate was probably the renewal
128
next,
ending
to 128^
the
SepSeptember 1, it paid
tember 8, it paid 127 to 129 and now, this week, it has of the demand for bullion for Sju h America. We
private
cable
ju3t
r. ceived,
that
paid 128 to 129f, the large bulk of the purchases most notice by our
of the weeks being at the higher figure mentioned and the loss of the Bank of Eagland, which is reported
very small amounts at the lower price 129|- beiog ihis week at £136,000, was caused by an export
paid for 1^ million bonds on Thursday.
Of course the priocipa'ly to Sjuth America of £690,000, there having
interest on the bonds is accumilating, so that they are been received from Australia and other ou side siurcee
worth a little more from week to weak but the rise in £504,000, and from the interior of Great Biitain £50,000.
purchasing price is obviously considerably larger than Toe cible also reports the discount rate for sixty days to
the additional interest due. The question is, therefore, three months' bank bills in London at 3f@3| per
how long the Secretary will follow this advance on the cen', while the open market rate at Paris is
part of bondholders.
The rapidity with which they will 2|@3 per cent, and at Berlin and Frankfort 2;^ per
lead him must depend upon the urgency of the mone'ary c< nt.
Bituation and the supply on the market offering
Oar foreign exchange market has been irregu'ar and
while
which
probably
will
not
;
;
;
—
;
;
his action,
we may
expect, will be governed in consider-
able measure by the requirements of the
for Mr. Fairchild undoubtedly feels,
feel,
money markels
and
that the present Treasury conditioa
is
is
as the feature,
;
authorized to
not the
strong this week, with easier rates for long than for short
Gey
mand
mum
needed.
the scarcity of
the
Government's disbursement of
at
bills.
Toe change in ttie Bank of Ejgland minion Thursiay caused an advance in the sight rate to
and the nominal figures now stand at 4 85j for long
emment's fault, and that a panic and commercial
disaster must not be permitted through the locking
up of money in the Treasury.
Su if the Government can get the bonds, we expect to see him buy
them, and at a price he seems likely to get all that is
Notwithstanding
and a good inquiry for cable transfers
about one cent per pound sterling above the rate for de-
4 89,
and 4 89 for short, while some of the bankers are quoting
short even half a point higher.
This anomalous condition
of exchange, considering the season of the year,
bills.
Ordinarily at
-this
period
is
due
to
bankers
draw freely
in anticipation of covering their drafts later on
That course has this year been made inadvisable
by the hardening tendency of the London discount market
been duiiog this week a distinct improvement in the which threatens to make speculative sales of bills unprofitmoney market. This is not so marked in the demand for able. So long as money is dearer in London than here,
bank balances at the Sock Exchanges as in the inquiry at capital also is kept at home which otherwise might be
bank aiid in the rates the banks are now getting. For sent here for investment.
commercial bills
nearly 7^ million dollars (principal and premium) for its
bond purchase towards the close of last week, there has
at a profit.
A reason why
bankers' balances, however, the extremes have been
1^ and
6 percent, the advance to the higher figure being of course
due to manipulation, and being followed by liberal offerings
at
2
per
But though
cent.
the
higher
room and the high rates
which consequently prevail. Tuis will be obviated, proba.
bly, and our exports increase.
As an illustration of how
are scarce
is
the lack of freight
was small our shipments of produce have been the past month,
what we give the following issued this week by the Bureau of
always is done and may be expected to be done at
any Statistics, exhibiting the exports of breadstufis, cotton,
time now, so long as bank reserves continue small.
On provisions and petroleum for August and the two months,
inquiry among the banks we find that their standing
call for three years.
not
indicative
of
ruling
rates,
it
is
rate
just
Sbptehiieb
THE CHKONIOLK.
16, 1888,J
changed.
•xroBT* OF BiuiAiwTom. PBOviaiom. oorrou akd ricTKOucuH.
uw.
JBjportJ
/nm
U. a.
Augwt.
rolMM.
]
t
vm.
UOT,
a Monttu.
»
io.9ao.sae
16.1W9.701
8,507.980
8,Tta.t<U
Avoutt.
8 Month:
XU0Ul(.
%
%
%
%
t Monllit.
It
34,140.063
IMIB.WI
«e.<)8i.t>i)5
M7i,*a»
17,048.081
7,BIS.7»B
lB.8»S.H:ta
4,8as.88a
8,B8i).t41i
»,iHd.ei>«
iD.otn,(«)5
UDnecetiary
ia
of
courM
lUte th*
to
obvious truth that financially the company's poaition is
stronger than if the usual dividends had been declared.
Aside from
18,800,444
299
however, there would appear to be no
that,
which have found a plaoa
is not in a desperate
8.4HO,l is
3.77H,10B
8,820.027
4,3-44.384
4,H7«,S33
unsound condition.
an
are
not
in
its
finances
and
state,
Tot. T«la". a7.14«.r.H W.S07.1M .so.i-OM.ion B8.nr..0flrt .t0,eO7.431 e0.44«.871
In common with other roads, it has suSered heavy losses
The foregoing shows the toial values for this August in earnings, but it ia erroneous to argue from this tbftt
to be only $27,446,118, against $35,808,930 the eame future results are to be equally unpromising.
The poor
month last year.
showicg for the first half of the year follows from an
The September report of. the Agricultural Bureau at exceptional train of adverse circumstances, to which we
Washington on the condition of the crops has been issued have repeatedly given prominence in these columns*
a very favorable situation. These circumstances are, many of them, no longer presthis wei-k, and rtfleota
"Winter wheat is turning out better than expected, but ent. The storms of last winter, the floods of the spring,
Spring wheat has suflfeied considerably from various the engineer and labor troubles these are all matters of
c&usep, and the average for both varieties is placed at
To that extent, therefore, the situation is differthe past.
In the
only 77-3, against 82 last year at the same time.
from what it was. If now the promise as to good
IS,0S3.»S7
BreoditatBi..
ProTUIont
7,»0«.77I
.
Cotton
Potrorm.&o.
il.IU3.3in
basis for the sensational stories
the public prints.
in
The propeity
—
ent
case
every other crop
of
reported on,
average for September this year
tember
is
the
higher than for Sep-
Thus the condition
last year.
however,
of
oats stands at
87-2 in 1888, against 83-4 in 1887; barley at 86-9, against
83; rye
92-8, agaicEt 82-2; potatoes at
at
91-6, against
and the roads should settle their
and advance rates, the situation would be
crops be realized,
differences
entirely changed.
it must be admitted that the action
was wise and proper. The St. Paul in
recent years has never earned its semiannual dividend
At
the same time
the directors
of
buckwheat at 93-7, against £9-1; cotton at 83-8,
82 8.
But the greatest improvement over in the first six months, and, moreover, the disparity
last year is found in the case of corn, that most important
between the results for the first and second halves of the
of all crops. Here the average stands at 94-2, against only year has been steadily growing larger
all the improve67-3;
against
—
This
72-3 last year.
says, for ten years,
is
the highest average, the report
with the exception of 1885, when
it
ment having (as we put it on a former occasion) apparwas ently been crowded into the last six months. Thus, in a
and 1,936 million bushels of corn
were raised. In the seven principal producing States the
Department places the average for 1888 at 95, against only
64 in 1887. It would seem, too, that the crop is sufficiently
far advanced now to render the bulk of it safe against
the action of frost, and hence it is no exaggeration to say
slightly higher at
95,
that the 1888 yield of corn will be the largest in our his-
As there
tory.
is
so
much
with regard to this cereal,
the leading States for the
interest attaching to the figures
Hew York
At. U.S
04-2
03-5
MebnukB
Tenne.sMe
Kentu<:kr
PeDDsylTimla
.
.
It will be
01
80
9«
93
80
57
78
91
67
40
90
OS
noted that there
justified in
To be
view of the outlook.
1886.
JuIVl SlvUl
80
60
98
96
98
99
99
100
98
100
06
90
98
OS
09
06
•;2-3
80-B
97-7
is
In the situation of
taking an extra sanguine
sure, there exists the
almost
positive certainty of a very large corn crop, very little of
66
00
80
60
64
7S
83
63
89
78
96
100
61
78
68
sa
01
06
06
08
07
94
04
.,1110.1
state-
recovering any of this loss in the last six
affairs as it exists to-day the
possibilities of
management was not
IjJulyl Sept.l
earn-
ment) had fallen off $1,787,005. Five per cent dividends call
for $1,984,018. Hence almost the whole year's dividends
had been wiped out. It is idle to speculate as to the
three months in comparison
1887.
88
95
80
98
08
OS
Kansu
ings in the
last-
18S8.
06
OS
07
Through no fault of the management, net
first six months (according to the published
tional.
months.
.iUff. 1
Jul 1/1
07
99
101
102
68
80
80
80
90
87
90
77
73
76
72
90
76
88
80
83
87
91
00
77
80-7
U5
67
62
61
92
only one Stale
m
95
06
OS
96
b8
91
88
92
tne
list
move
towards the close of the
year.
But the most unfortunate feature of the situation
large crops
still remains, and while this continues even
which, however, will
Stata.
98
00
93
80
00
07
00
02
03
OS
08
OS
the board has always had to anticipate the
This time the situation was peculiar and excep-
give below the averages for
COSDITION OP COEN.
.<lu«.
future.
we
with similar results for the two previous years
atvt.l
measure,
count for very
little.
till
A heavy tonnage unless moved
at a
Hence the circumstance that
railroad affairs are still completely demoralized was a
It is a
factor which the management could not ignore.
factor moreover for which they are in no degree responsible.
They hold no control over the Chicago Burlington
profit confers
&
no
benefits.
Northern and other disturbers of the peace in that
tion.
The
position of the property, then, is this:
suffered a heavy loss of earnings, but
its
It
sec-
has
earning capacity
which for September shows a lower average condition than ia as great as ever (as far as trafiSc and future tonnage are
90 (namely Kansas), while Iowa, Indiana, and Ohio stand at concerned) if only profitabla rates can be established.
In Kansas the That, therefore, presents the key to the situation. We
99, Illinois at 98, and Nebraska at ^97.
condition during
August
this year
was reduced by hot have no opinion to offer
tions between the roads
winds, but even after this reduction the average stands at
80, against
42 in 1887.
The doubt with regard
to St. Paul, has resulted in the
passing entirely of the dividend on the
common
stock and
the leduction of the rate of distribution upon the preferred.
While the action taken is very important, it has been
unduly magnified for effect upon the market. So far as
investors in the property are concerned,
it
is
as to the prospects for better rela-
the Northwest;
in
growing section of the country.
The following statement, made up from returns
in a
us,
of course
Wuk
endlni; Stft.
U,
N*t InUrltf
1888.
If.
and there can be no doubt that much disap'
pointment will be felt as the result. As concerns the
arisen,
property
itself,
however,
its
collected
shows the week's receipts and shipments of currency and gold by the New York banks.
by
unfortunate that the necessity for the step taken should
have
but one fact
should be prominently kept in view, namely, that the St.
Paul has an iiflportant system of roads of large magnitude
condition has not at
all
been
Carrenor.i
T.
Bank: N.
U.117,000
Uold
Total gold and legal tenders..
11.117.000
T. Bank$.
ItavmiU.
13,729.000
oaB,ouo
Low.
$4,650,000
Loas. |3.B3S,0M
I.OU.
t2.60e.000
020.000
THE CHRONICLE.
m)
Taking ihe foregoiog in coanectioa wita
^iiy cperations, the result
Wak
ttie
Total gold and legaltenders
...I
N«t Ohanoe
Bank
in
Holdini^
$1,117,000
18.700.000
$4,650,000
Loss. $3,513.1100
11,200.000
Gain.
$17.817.000
$15.850.000
Sub-Treasury operations
».500,'.><^0
GainTll. 907.000
amount of bullion in
week and at the corres-
following table indicates the
The
the principal Earopean banks this
ponding date
last year.
Sfpt. 15, 1887.
Sept. 13, 1888.
Banlaof
eoid.
SUver.
Total.
eoid.
£
a
£
£
lotoi.
SiJuer.
£
£
20,283,604
bgland
20,769.660
80,789,500
20,288,884
I^ABoe
43.215.548 <9,853.830
31.7H5.334 ]6.b97.8«e
5,955 iXH) 16.329.000
02,489.178
47,693,000
6,748.000
7.760.0OO
13,508.000
47.283,l&oU7,808 81Sj 95,091,998
23,739,400 15,819,800; 39,519,000
6.520,000 14,174.000 20,994,000
4,447,000 8,180,000 12 807,000
2.583.000
1.291.000
3,87.x,0OO
a 529,000
1,284,000
3,793,000
6,978,000
1.118,000
8.098,000
6.083,000
1,118.000
8,101,000
-tfarmitn?*-.--
Ansti-HuDK'y
Nat.Belglon-*
National Italy
Tot. this week
Tot.preT.w'fc
21,281.000
300,421 682
117 012,442 90,649.298 207,691,733 111,780,214 88.614,418
117,830.342 9O.929.63l'5'0S.759,P73 112.556,802 88.774.310 201,331,112
division (he.tween sold and sUver) (fiven In onr table or coin and
bnlllon In thn Banit of Germany and the Banit of BelRium Is made from
the best estimate we are able to obtain; In neither case Is it claimed to be
aoonrate, as those banks make no dUtlnotlon in their W6«ltiy reports.
merely reportlnir the total gold and silver; but we believe the division
we nialie is a close approximation.
Note.— We recoive the above resnlta weekly by cable, and while
not all of the date Kiven at the head of the column, they are the
returns issued nearest to that date— that is. the latest reported figures.
•
The
Indeed, about one half of the $1,150,203
unfavorable.
was made in one single month
March; that was the month when rate-cutting was at its
worst, whfn the engineers' strike prevaikd, and when the
weal her was phenomenally bad, while at the same time
decrease, or $561,967,
the comparison was with a
momh
N ORTHWESTERR NET EARNINGS.
The
ence
week of the
action this
to its
St.
Paul road with
February was a litile
showed a loss of $146,291.
Of
course, not the same degree of interest attaches to the net
earnings of the Chicago
months
& Northwest
other companies in the same
vest's
for the first six
the calendar jfar 1888 as to those of most
of
year ends
fiscal
May
31,
North-
section, since the
and
months
five of the six
in question, therefore, were included in the company's last
4tnnnal report. But for the resson s'ated the figures given
A
week ago aggregates for the
taken from that company's
the Western State Railroad Commissions,
will prove very useful.
;y€ar endirg
Juce
report to ore of
30, 1888,
•were published, and with
^e attempt
was made
these apparently as
a
the
$1,156,203 lots reported for the six monthp,
the beginfirst quarter of the year,
entire
Wih
recurred in the
ning of the next quarter a decided improvement took place,
and for April net decreased only about $11,000, for May
a»-out $62,000,
Tne
and for June, as alnady
figures for the half year will
1888.
1887.
$
t
•Gross earnings,
2.286,974
Bxponses&tax.
1,527,954
Net
75H.nv(t
Tnc. or D,c.
t
2,166,818 +120,758
1,354,695 +173,289
811.5231
-52.503
to
1888.
1
1837.
$
1
$
June
11,477,436 11,71.9,837
8,571,431 7,737,639
2,»05,W5
earnings in the
4,002,19,-
first
six
This
unusually heavy.
Northwest
stated, §52,000.
bear examination
It is well
known
months are always very much
last six
months, when
that
less
traffic is
true
is
and the present
;
of
the roads in the
all
year,
with the large loss
the contrast between the two periods
might easily become very much more striking. But the
point we have in mind is, whether the statement so
widely made and so generally credited, that none of the
roads in that section had earned their fixed charges in
the first six months of 1888, is true as regards the
Chicago & Northwest. To determine that question, as
well 8S to make a ccmparison in that respect with other
The item
recent years, we have prepared the following.
already noted,
of
charges represents in each case cne-half the amount
company in the fiscal year immediately pre-
ceding the close of the half year.
Jamiary
Chicago
30,
riic.or
Dec.
-322,411
+833,792
1 to
June 30-
Northwest.
1887.
181:6.
I
Gross earnings
Expenses & taxes
Net earnings.....
Fixed charges*
$
11,477,428
8,671,431
—
$
$
I
10,668,728
7,235,491
11,799,837
7.737,839
10,779,599
10,680,280
6,988.445
6,972,583
2,905,995
4,062,198
3,848, 54
8,707,728
3,483,237
2,836,1
2,607,099
2,797,18
2,575,550
+3,0f 9,489
1
MM 5,97a
269,417
We
have taken here in each case one-haU the amount paid
in tho
31,
,
,
exchanged
t In this year stock of Iowa leased lines had not yet been
into Northwest stock, and hence dividends on the shares of these leased
total
lines were iuoluded as rentals under lixed charges, making the
flxed charges larger than they since have been.
flfecal
$
Sc
1888.
*
January 1
er,
basis,
to arrive at the result for
Jurw.
never-
Thus $1,030,322 of
paid by the
June and
the six months. From cfiicial returns with which we
-have tesn favored we find that the statement for June
was not entirely correc'', and we, therefore, publish below
the autnenlic figures for that month, adding at the same
time the totals for the talf year. There are some features
with regard to thsse results well worth bringing out.
rWcajo 4
HortMoesUrn.
but
bet
theless
refer-
roads in the Northwestern section.
all
traflBc
$322,064,
than the earnings of the
dividends, adds to the value felt in the revenue
returns of
year when
last
and earnings bad been exoeptiorally large by reason of
fears as to the eSec's of the new inter-State law which
went into operation the next month. In brief, nearly every
element and condition was adverse to the railroads in
March, 1888, and hence the falling off in net was corresJanuary was another specially bad
pondingly large,
month, and in tbat month the loss on the Northwest was
with reference to one other point.
'CBIOA GO dt
through the
all
main follows from very heavy losses
months, but
in particular months when the conditions were especially
Into Bankt. Out 0/ Banks.
Banks Interior Movement, as above
of uniformly large declines extending
in the
as follow?.
is
enitno Sept. 14, 1888.
Sao-Treas-
[VoE, XLTII.
yearendinsMay
Here we
see that so far
from the Chicago
&
Northwest
in 1888, even after
-1,158,203
having failed to earn its charges
the heavy falling oS in net, it had a surplus of $269,417
itstfad of twice tbat amount, as g'ven in the published
above the charges. In 1887, however, the surplus was
Statements.
For the tix months ended with June, how- $1,465,099 and in 18S6 $1,045,973.
ever, (five of which months, as already stated, were
Tnis comparison extending over a series of years is useincluded in the last report), the less in net is $1,156,203. ful for one other purpose.
It shows that net earnings for
It can hardly be claimed that the June showing is entirely
the three years peceding the presett had hetn steadily
satisfactory, especially as the decrease of $52,503 in
the risii g in the half year in question, so that while the falling
net follows an increase of $120,750 in the gross, there off as cimpared with last year amounts to $1,156,203, it
having been an increase of $173,259 in expenses. But no is much less than that when compared with any of the
one can flail to note the marked improvemect as compared other years; and if compared with 1884 the kss is only a
with the result for the half year. The loss for the month little ever half a million dollars. "With referetce to the
Tntis the loss in net for
June reaches only $52,503,
18 actually
and
tnoDths
absolutely acd relatively very heavy.
is
rela'ively very slight,
Ttie loss for the bix
ha'f
and
those of the second half in the case of this company,
it is
disproportion between
the
refults of
the
first
another peculiarity of the exhibit for the h»lf
only lecessary to say tbat while in the calendar year 1887
jear which has not yet been remarked upon as it deserves
•to be.
The lots in net for this period is the result not
tte net for the January to June period was only $4,062,-
I'hfere is
198, for the July to
December period it was $7,063,261.
SErrxMBER
THE (mUONlCLE
15, 1888.]
shared, though the Northwestern or spring-wheat market*
RAILROAD GROSS EARNINGS IN AUGUST.
Our August statement
very large Iccresse
in
the aggregate
have gained relatively
less than the others.
St. Louir^
Toledo and Detroit are the points which have been e*peonly $641,240, or
cially favored.
Nor have the different points fared alike
earnings does not show a
of
301
—
—
2^ per cent, with mileage increased 5 per cent while in the corn movement in fact in the face of an
incraaM
on the other hand there are a good many roads that fall
in the aggregate, Peoria has suffered a very heavy
behind their totals for last year, making the result as a
Ices in that cereal, while St. Louis has gained considerwhole rather irregular nevertheless, the exhibit is very
ably more than Chicago.
So, too, as regards oats; Chisatisfactory, in view of the cocditions prevailing and the
;
;
cago and Peoria are chiefly responsible for the falling
circumstaoces affecting the comparison.
It is
known
of course that earnings last year
were very
heavy, but in the month under review that fact
Not only was the
special importance.
1887, large, but
of
increase in August,
in the year preceding, and was considered remarkable on
that account.
Thus
showed a gain
of $3,749,245
in
1886 our statement for that month
on 73 roads
;
in 1887, not
withstanding this heavy gain, there was a further gain of
$2,855,732 on the 104 roads then comprised in our table
now
for 1S88 there is an additional increase of
;
$641,240
Whatever may be
the roads in other Eootion»,
said of
Northwest can have had very little, if
The increase ilk
any, benefit from the grain movement.
the wheat receipts at Duluth has been trifling, while Milwaukee, as already stated, received less than a year ago.
At Chicago, on the other hand, while there is an increase,,
it is almost wholly in the winter variety of wheat
that is^
southwest, and not fronik
it comes from points south and
This can be seen from the figures showing'
the northwest.
Tous of winter wheat
the inspection of the two varieties.
those in
the
—
on the 1 1 1 roads reporting. In fact, an examination of
onr back statements shows that with the exception of
tLe inspection covered 4,099 cars
1884 and 1885 August has recorded gains and large ones,
too
—
—
for every year of the present decade, establishing con-
clusively the fact that the comparison
The following
with heavy totals
a recapitulation of the
is
August summa-
back to 1880.
ries
Eamlngt.
Uaeaoe.
Inertate or
Ptriod.
Tear
Tear
Year
Tear
Given.
Preceding.
Given.
PreceMnt.
Mila.
Aac,
Aug.,
Aug..
Aug..
Aug..
Xwt..
Aug..
A*?.,
Aug
is
,
I8S0 (42 rokds)
1881 {45 rotdsl
18S2 (Bl roads)
1.S83 (71 roadB)
1884 (S4 roada)
1885 i5i) roaOB)
1886 (73 roads)
'87 (104 roads)
'88 (111 roads)
As
to
MOee.
17.120,295
a-i.oai
31,222
3V.4S5
44.42»
Decrttu:
19,871,781
25.071,379
22,748,088 Jnc
29.451,(!34
27,333,367' 7lK. 2,118,267
20,319,41Si Dec. 1,2-3,508
42.118
6S.2t<~
B1.I88
24,939,90(11 21,1»0,««1
so.oae
tM,214
S(5,5t)3
27,010,2 52
4.i,eo»
61,140
19,038,82')
.
the conditions affec ting
882,054
Inc. 3,740,215
24.154,500 Inc. 2,855.732
28.806,892 Inc.
641,240
traffic
and income the
present year, they have not been altogether favorable.
The roads must ceitainly have done a heavy business, but rates
have been far from
year
was only 651 carp, against 525 cars. At the
same time there was a heavy loss in oats and barley,
which the gain in corn and rye served only in a small
measure to offset. Below is a comparison on boih graia
and provisions
figures
at Chicago.
It
should be stated that these
cover the even month, while those used above
for five weeks.
BEOEIFTS AT CHICAGO DITKING AOGUST AND SISCE
Jan.
Augltst.
1.
J,VN. 1.
to Aug. 81.
1887.
1886.
Wheat, bush
2,325,420
1.508.316
2,149,233
7,020,208
14.484,887
Corn., hush.
Oats... bush.
Rye. ...bush.
Barley-bush.
6,315.475
4,a09,0e2
5.475.11'
8,629,068
38,195.632
28,797,870
6,622,916
6.230,121
30,034,205
29,015,790
308,187
104,381
80,579
771,729
170,435
1,033,019
849,864
44:!,939
618.965.
8,925,>W5
5,020,594
5,738,453.
Total grain
Flour.. .bbls.
Pork...bbls.
13,323,525
14,468,657
18,211,008
80,025,544
77,743,04(i
79,24e,51&
4^9,166
806
8,673,002
3,166,462
267,715
511,603
269,608
2,420
1,088,
17,865,297 13,154,2l»
4,208,609:
9,794,708
.S04.002
883,758
4,336.907
8.968,093
2.100,883.
25,317
61,673
14.34S
(Tut m'ts.Ibs-
Lard....lbs.
satisfactory.
this
2,323,;07
16,465.830; 17,3^7,884 Dec.
29,31^8,132
month
spection
t
%
13,060,616 Inc. 4,059,680
16,159,748 /IK. 3,712 OSS
81,183
41.007
40,S81
J5,7.-i6
for the
agiinst 2,384 cars last year, while of spring wheat the in-
were
t
off,
Toledo and Milwaukee showing an
Louis, Detroit,
increase.
is
followed an excepticnally heavy increase
it
S'.
In the
f.lTehO(rffN(
18S7.
IS88.
40,776,901
25,8»>,8«»
02,6«8,845, 153,561 ,318 1 10,7d«,8!»
44,538,051 62,au4,7tM| 50,258.009
8,3439151 8.187,19fl' 4,107.818
Northwest of course the situation has been especially
From this we see that the total gram receipts at Chicago
bad in that respect; but even among the roads east of for August this year were only 13,323,525 bushels,
Chicago rates have been in many cases only indifferently against 14,468,657 bushels last year, and 18,211, 906maintaiDed, and the competition of
bushels in 1836.
route has served as
fact.
the Lake and Canal
an additional disturbing iofluence.
But the table given brings out one other
shows that there has been a coincident falling
provisions and live stock
in most instances too
It
—
"With reference to the grain movement in the West, that off in
has been very irregular both as regards the different after a falling off the previous year. In the case of live^
cereals and the various points of receipt.
The ^Svci on ttjck our figures cover only hogs, of which the receipt*
the roads involved has of course been correspondingly were 267,715 in 1888, against 304,902 in 18'-7, and
irregular, and this explains why the results are so diverse 383,758 in 1886
but taking all kinds cf live stock, the
some companies reporting improved earnings, while arrivals in the Chicago stock yards comprised 15,475 car-
—
;
others tot eo far removed
from them show diminished
totals.
loads in 1883, against
18,021 car loaJs in 1887.
Allo-
gether, therefore, the roads in that section of the country
Taking the cereals as a whole the receipts this year bave had no advantages over last year on these kinds of
were somtwhat larger than a year ago, but this fellows train c.
chiefly from augmented arrivals of wheat, though the
With regard to Southern roads and the cotton move
corn receipts also were larger; in oats there was a decrease ment, the changes are of the same irregular nature as in
for the
five
we els ending August 31 of over tbe case of the grain movement in the West. O: course
2
1-3
million
bushels,
while
was cotton receipts in August are always very light, and the
Toe movement therefore is of comparatively little importance;
increase in
wheat (4 million bushels) may seeon nevertheless, it is interesting to note tbat the changes
somewhat surprising in view of the short yield this from last year, such as they are, have been far from
year, but it shouLl be remembered that the harvest has uniform.
The movement overland by rail was somewhat
been late, that as a consequence the July movement was larger than in 1887, reaching, say, 15,000 biles, against
unusually small, and that therefore the August receipts 7,000 bales; but the receipts at the ports, on tbe otlxor
doubtless comprise a good deal of wheat which ordinarily hand, were a trifle less
the total for 1888 standing at
comes forward earlier.
Besides, prices have been favor- 60,963 bales for 188S, against 61,069 bales. With receipts
able to a large movement.
In the increase* in wheat all nearly the same, however, in the two years, some of the
the Western ports with the exception of Milwaukee have ports show quite wide differences.
Thus at New Orleao*
a
falling
ofi
of
over
IJ
in
barley
million
there
bushels.
—
THE (HRONICLK
302
only 9,048 bales were received this year, against 27,090
21,526
last year, while at Savannah the receipts were
[Vol. XL\1I.
GROSS EARNINGS AND MILEAGE IN AUGUST.
dross Earnings.
only 9,719 bales.
Partly owing to^ the changes In the cotton movement,
but chiefly because the comparison is with heavy earnings
last year, Southern roads do not all make favorable
bales, against
Still, the losses are nearly all
exhibits.
small,
and aside
from the Louisville & Nashville, Memphis & Charleston,
and Mobile & Ohio, are confined to minor and unimportant companies, while at the same time many of the
most prominent systems, like the Richmond & Danville,
the Chesapeake
&
Ohio, the
East Tennessee, the Norfolk
Western, and the Cincinnati New Orleans & Texas
Pacific, report gains this year in addition to gains in 1887
furnish below a comparison for
and previous years.
&
We
six years
on ten roada
most striking record of
The Norfolk & Western has the
improvement, and taking the ten
aggregate stands at $3,974,140 for
roads together the
1888, against $3,876,987 in 1887, and only $3,044,955 in
1885.
Augu^
1883.
1885.
1888.
1887.
1884.
1883.
Name
of Boad.
1888.
Atlantic
&
Pacific ...
Buff. Eocli. &Pitts5b..
Burl. Ced. Rap. & No.
Cairo Vino. & Cliic...
California Soutliern .
Canadian Paeitlo
Cape Fear & Yad. Val.
Central ol Iowa
Chesapeake & Oliio...
Ches. Ohio & Soathw.
Chicago
Chicago
&
Atlantic...
& East III.
Chic. & Ind. Coal
Chic. MUW.& St. Paul.
Chicago & Ohio Elver.
Chic. St. P. & Kaus.C.
Cliic.& West Mich..
Gin. Jackson & Mack.
..
..
Cin.
N.O.&Tex.Pao..
Alabama Gt.South..
N.O.& North East..
Vlcksb. & Meridian
Vicksb. 8h. &Pac...
Cin. Rich. & Ft. W...
•Cin. & Springflelil...
Cin. Wash. & Bait....
Clev. Akron & Col....
*Clev. Col. Cin. & Ind.
Clere. & Marietta...
Col. & Cin. Midland...
Col.Hock.V. &Tol...
Denv. & Rio Grande
Denv. & B. G. West..
Detroit Lans'g & No
East Teuu. Va. &Ga.
Evansv. & Ind'nap's.
EvansT. «feT. Haute..
Fitchburg
Flint & PereMarci. ..
Flor. R'y & Nav'n Co.
Ft. Worth & Den.City.
Georgia Pacific
Gr. Rapids &Ind'a....
Other lines
tGraud Trunk of Can.
.
$
3.044,955
3,067,263
3.374.831
119,953
183,774
416.495
387,975
166,300
139,087
199.349
351,000
358,869
144,500
119,375
155.535
387.407
331,088
155,028
1,078.796
95.824
8.974.140
3.876,087
3,418,854
..
..
Not including
261,711
317,591
175,880
1,196,284
MobUe*Ohlo
*
228,408
293.148
149,896
1,869,582
164,714
Total
250,196
322,061
144,758
312,804
454.394
1,340,845
Ohio & 8.W.
01ii.N.O.&Tex.P.
Norfolk* West.
lUchm. & Danr.
Va. Midland
149,072
t
348,187
122,868
236,451
312,723
1,117,318
114,663
•143,606
299.198
136.721
238,185
329,249
CJhes.
B.Tenn.Va.ifeGa..
& Nash.
UemphlsA Char..
t
410,986
147,400
250,065
364,311
122,388
liOulBvlIle
»
I
415.359
178,982
278,6»1
441,798
OhosapeaketOhlo
tlie St.
Louis
$
881,746
124,519
211,133
362,584
1,251,137
101.993
•156,5-4
& (Jairo.
Ill.Cent.(Ill.&So.Div.)
In the Northwest the roads north of St. Paul have all
done well, and the Northern Pacific again has a larger
amount of increase ($353,609) than any other road in our
The
table.
St.
Houston & Tex.Cent.
Huiueston & Shen ..
Paul, the Central Iowa, the Chicago St.
Cedar Falls* Minn.
Dubuque & S. City.
Iowa Falls &S. City.
Ind. Dec.
&
Western.
Kanawha & Ohio
Kan. C. Ft. 8. & Mem.
Kan.
C. Clin.
&Sp....
"Keokuk & Western..
Milwaukee & Northern, and the Klngst. & Pembroke.
Lake Erie & Western.
Wisconsin Central also have larger or smaller gains, Lehiith & Hudsou....
Little Rock & Mem...
but the Barlington Cedar Rapids & Northern, the Long Island
Louis. Evans. & St. L.
Milwaukee Lake Shore is; Western, the Minneapolis & St. LouisvUle & Nashv.
..
Louisv.N.Alb. AChlc.
Louis, and the Iowa lines of the Illinois Central have Louis. N.O.&Texas..
Mar. Col. & Nortli'n
suffered a decrease.
A comparison for six years on a few Memphis
& Char'ton.
tMexican
prominent lines including the Northern Pacific whose ItMexicanCentral
Railway..
improvement comes largely from the Pacific end is as Milw. L.Sh.&West...
Milwaukee <k North ..
Mlnneap. & St. Louis.
follows.
Paul & Kansas
City, the
.
—
—
AUQOSt.
1888.
1887.
»
But. C. Rap. k Nor.
Central Iowa
Chic. Mil. & St. P.
ULCent. (la. lines).
Northern Pacltlc.
Bt-PanliDnluth.
tK. Paul Minn. &M
Total
t
237,634
112.869
2,078.000
2,007.897
126,191
149,^86
1,653,195
1.299,686
166,978
155,097
790,000
684,934
the trunk
comparatively
I
248.435
117,022
1,971,599
157,603
1,228,358
156,452
627,764
4,647,703
line?,
4,603,2'>8
the
1684.
t
t
218,690
124,231
1,825,348
129,480
1,032,602
130,253
571,762
225.824
113.665
1,766,911
120,.349
971,289
128,52(1
52J,006
3.851,473
New York
trifiing loss (.$58,550,
this follows
1885.
1883.
t
232,621
129,005
1,851,209
166,471
1,013,634
140,567
632,148
4.026.266
4.195.545
Central has a
or less than 2 per cent)
very heavy gains both in 1887 and 1886.
The Grand Trunk
Canada has lost quite heavily as
heretofore.
What are called the Western connections of
the trunk lines, such as the Ohio & Mississippi,
the
Chicago & Atlantic, the Cincinnati Washington & Baltimore, the Alton & Terre Haute, the Cleveland
Columbus
Cincinnati & Indianapolis and the Wabash, all fall
behind
of
earnings of last year.
In addition to these there are
some other roads in the middle western section
which
ttieir
have
there
failed
is
to
make
good earnings as in 1887, but
an even larger numbsr which has done
batter
than then
as
especially is this true of the roads with a
largo coal busioess, like the Columbus Hooking
Valley &
Toledo, which has a particularly large gain.
Altogether,
however, the result here as elsewhere is
far from
V&iform.
Mo. Kausas & Tex...
Mobile & Ohio
Natchez Jack. & Col.
N.Y. Cent. & Hud. R..
N. Y. & Northern
N.Y. Out. & West'ru..
Norfolk & Western. ..
Northern Pacific
Ohio & Mississippi...
Ohio River
Ohio Southern
Ohio Valley of Ky....
Peoria Dec. & Evans.
Pittsburg & Western
Prescoit & Ariz. Cent.
Eichm. & DauviUe...
Va. Midland Dlv.
Charl. C. &A. Div..
Col. & Green V. Div.
Western N. C. Div..
Wash. O. & W. Div.
Ashev. & Spar. Div.
'5St.L.A.&T.H.(M.L.)
.
5.14.\74'i
Among
Mid
216,206
117,170
1886.
. .
do.
St.
St.
St.
St.
do.
brohs.
Louis Ark. c& Tex..
Louis & San Fran..
Paul & Duluth ...
Paul Minn. &Mau.
Shenandoah VaUey. ..
Staten Island Rap. T.
& Pacific
Tol. A. A. &N. Mich..
Tol. & Ohio Central
*ToL Peoria & West..
Texas
.
.
Valley of Ohio
Wabash Western
West. N. Y. &Penn...
Wheeling* L.Erie...
cWisoousin Central. .
$
245,622
158,843
215,206
75,745
97,014
1,178,000
28,025
117,170
422,386
161,714
189.209
205,490
47,888
2,078,000
6,795
212,385
124,498
57,770
312,804
122,766
59,366
34,373
45,954
34,510
71,443
195,302
60,049
246,190
22,998
37,323
296,358
706,000
112,150
98,934
454,394
28,429
H6,603
.531,365
197,728
58,717
93,0-i2
95,236
214,430
15,748
l,52ti,462
220,002
11,600
953,545
9,390
63,401
52,400
45,137
25,511
342,200
21,653
15,872
17,740
233.171
25,023
53,601
451,773
89,039
1,340.345
213,102
155,153
8,042
119,953
1887.
Mileage.
Increase or
1888.
Decrease.
186,119
193,846
237,634
78,322
116,684
1,055,170
22,326
112,869
415,359
178,982
194,192
183,9«0
3H,691
2,007,897
6,828
201,740
119,213
50,247
278,691
129,617
44,785
37,567
39.512
39,294
73,971
205,796
51,133
264,939
25,945
34,551
240,452
734,035
113,300
101,666
441,798
27,157
85,861
486,023
216,477
64,153
68,039
104,658
239,367
17,873
1,657,493
232,177
14,850
975,099
8,788
75,450
65,443
40,339
14,783
357,209
19,636
22,174
16,252
208,755
23,398
67,664
428,991
+ 122,830
4,660
4,481
+5,699
+4,301
234
510
502
398
268
256
146
200
510
502
398
268
256
146
5,670
86
5,298
7,027
—14.268
—4,983
+ 31,510
+ 8.197
+70,103
—33
+10,645
+5,285
+7,523
+34,113
—6,851
+14,581
—3,194
+6,442
-4,784
—2,528
—10,494
+ 8,916
—18,749
-2,947
+ 2.772
17,62:<
1,098
1,098
138
156
345
363
574
32
138
156
345
363
574
277
382
440
32
3,419
3,418
513
96
+ 10,728
129
671
163
148
115
592
63
135
354
278
+ 1,488
+24,416
+ 1,625
—14,063
+22,782
—
369
268
6,558
129
671
163
148
115
548
63
135
354
254
-29,217 2,173 2,023
537
537
+ 5,712
514
512
+25,094
45
+853
45
—19,134
330
330
+61,850 1,236 1,236
293
293
+33,049
577
-58,385
592
269
303
+ 8,640
—972
351
351
—51,230 1,386 1,386
—10,575
687
687
-1,819
100
100
—58,550 1,447 1,447
58
54
+2,577
320
320
+ 14,960
554
539
+65,495
+ 353,609
1,299,586
409,911
44,591
47,201
10,075
80,036
186,4^7
8,310
358,659
144,500
60,703
37,854
63,795
3,277
2,893
— 6,68«
616
211
128
100
254
367
73
797
355
373
296
290
50
70
267
203
+46.232
—35,663
+5,433
+4,197
+7,548
—7,951
+4.150
+2,544
+2y,316
+21,800
+8,297
+2,646
—8,195
1,2 5
616
172
128
75
254
367
78
797
355
373
296
290
50
70
267
188
975
—72,2.52
+ 11,881
1,319
1,013
230
225
+ 105,066
2,685
2,207
—750
15,'.!00
+ 1,700
8,000
139,718
84,700
221,038
587,376
155,097
684,934
87,260
120,461
478,822
48.925
95,206
56,701
53,844
—16,183
—260
+ 10,039
+32,042
+15.241
+7,048
—3,1
+ 6,753
—85,482
+48,588
+6,727
65-,;,708
290,012
65,517
357,573
Total (111 roads).. 29,308,132 28,666,892
450
401
440
-12,17.=.
—15,009
+2,017
—6,302
95,.597
790,000
87,000
130,500
510,864
64,166
102,254
53,531
60,597
567,226
33H,600
72,244
383,553
+ 12,5;.6
513
—3,250
96
-21,554 1,953 1,953
+602
76
76
-12,04^
143
143
—13,048
184
184
152
152
+ 4,798
1,369,562
207,390
130,059
7,189
139,087
l<iC,978
86
600
414
286
336
295
196
143
170
86
80
281
144
391
106
70
325
1,317
+45,342
—18.749
—5,436
+25,023
-9,422
—24,937
—2,125
-131,031
374,117
306,540
273.491
366,906
308,521
90,450
81,810
104,335
105,307
586,368
637,598
19!',349
188,774
12,315
10,496
3,273,771 3,332,321
54,608
57,185
193,131
178,171
416,495
351,000
72,085
190,587
10,854
387,975
166,300
69,000
40,500
55,600
14,450
9,700
123,535
78,011
267,270
515,124
790
414
346
336
295
196
143
170
86
80
281
194
391
106
70
325
+55,906
-28,035 1,462
-1,150
369
—2,732
268
+ 1,272
+ 10,742
43.'.,967
1,653,195
374,248
50,024
51,398
1887.
$
+59,503
818
818
—35,003
294
294
—22,428 1,046 1,039
-2,577
267
267
—19,670
210
210
S.
+ 25,980
+ 641,240
255
21
255
21
1,487
1,487
248
226
91
184
226
247
91
1.001
1,001
663
187
818
663
187
818
247'
64,214 61,140
;
Includes tliree weeks only of August in each year.
t For tour weeks ended September 1.
I Mexican currency.
e AU lines.
5 Including Indianapolis & St. Louis.
*
For the eight months
ing
is
to the
end
of
August the show-
qaiie satisfactory, inasmuch as there
is
a consider-
8SPTEMBBB
($6,762,828) over last year, notwithstanding
able gain
heavy
TAB CHRONICLE.
1098.1
15,
ou a number of prominent lines.
losses
ern Facido shows a strikingly large increase
Our usual
detailed statement
is
The North-
—$2,746,627.
as follows.
GROSS E^RHINQS rUOM JAK(;a.RT 1 TO AUUOST 31.
Name
of Road.
18S8.
.
A No..
s A Chlo
i:;i|..
Vim
CllU'O
line
.
Cnliforma smuUern....
Canndliiii
I'lioillo
,
Capo Kcar A Yudkin Val
Ccntnil of iDWft
&OI1I0
ASO.WCSt...
1.8o8.9.^6
1,788,644
l,2l.'i.SS0
1,3.54,237
1,6H2,736
1,S12,2«9
•167,119
492,047
1.110,61^
8,109,746
956,4.55
163,160
6,841,262
1,358,484
39,204
35,599
204,290
864,978
riu>.-^,n>,-..I;.>
2,947,482
Cllr^.
1,256.02,5,
1.424,90:1;
I
l|l!M
C'lli.'.I^M
Chic.
Vtluutio
.'.
Iva.steru liliuoig
A-
Coal
CaiioanoMiiw. &St. Paul
CliifaKO <fc Ohio Uivor
Ohio..!: Iiid.
(;hli-.
St,
1'.
Kan.
A:
(
itv.
CliU'ago )c West Mich. .
Ciu. .Fackson Ar Macic...
an. N. Oil. ifelVx, Pac.
Aiabaiiia (tt. South'n.
Now Ol•lcau^^
it Nt».
K.
Vick8l)UiK <t Meridian
VlokslMiVK .Sh. & Pao. .
can. Rich. & Kt. Waj-uo.
•Gin. & bpiinfiiicld
Cln. Waah. ^ Baltimore.
1,344,298
32„'548
1,.'J49,146
9(18,687
14,534,000
924,970
,S34,314
2,353,469
960,509;
40\917
317,776
263,132
7JO,068
310,946
3,.'i6fi,582
&
liidianap..
1.54,481
Evansv. &T. Haute
Flint A Pere Marquette.
Florida Kv. & Nav. Co..
Port Worth & Don. City.
Georgia Pacillc
Grand Rapids & Ind....
560,521
1,616.778
Otlier lines
Tr. of Canada..
(Grand
Houst.
Tex. Central..
it
HumeafnA Siienanrloah
Ccn.— (Ill.it?o.l)iva.)
Cedar FalLsA Miuu
ni.
Dubuque A Sioux City.
la. Falls A: rtioux City.
Ind. Decatur
&
West'n..
Kanawha A Ohio
Kan. City Ft. S. A: Mem..
Kan. City Clin. A- Spring
•Keokuk .t Western
KiiiKBton & Pembroke
Lake Eric .t Western
Hudson
Leliigli A'
Little
Rock
Long
Islaiiil
IiOuisv.
..
A:
& St. L.
Louisville
it Nashville ..
Louis V. N. Alb. & Chic.
Louisv. N. O. & Texas...
Mar. Col. A No
Memphis & Charleston..
IMcxlcau (^^nrral
t: Mexican Railway
M ^^. L. Shore *fc SVcst'n.
.Mi: ^^ aukee ,t Nortlicrn
!
.
.Miiiiieap. it St. Louis....
Missouri Kan.
.Mcil.ile it
ife
Tex
Ohio
Natl hcz Jackson & CoL.
N.Y. Ceu. iV Hud. Riv..
N.Y. Ontario it We.st'n.
Norfolk it Western
Nortlicrn Pacilic
Ohio it Mississippi
Ohio River
Ohio .Soiitliem
Ohio Valley of
Ky
Peoria DeeaturiS: Evans
Pittsliiirgit Western
Rii'liinoud it Danville..
Va. Mid. Div
Char. C. &. X. Div
Col. ifcGieenv. Div
West. Nor. Car. Dl v . .
Wash. O. A: W. Div ....
Ash. &8p. Div
-8t.L.Alt.ifeT.U.,(M.L).
Branches
St. L.
Ark.
11,641,611
1,40<!,593
91.9081
7,412,262:
61,337!
509.913
490,.598!
2/9,296!
177,637)
2,708,8631
17o,1951
1!'0,175!
124,712!
1.331,836;
16-J,8«8i
Memphis.
Evansv.
674,74H
623, < 17
788,881
1,489.537
130.357
ATexas
St. liouis it S. Francisco.
8t. Paul ifeDnluth
St. Paul Minn, it Man...
Shenandoah Vailey
Btaten Ishmd Rap.Tran.
Texas & Pacilic
Tol. A. A. it Nor. Mich..
Tol. it Ohio Central
Tol. Peoria & Western .
Valley of Ohio
Wabash Western
Western N. V. it Penn.
Wheeling At Lake Erie ..
Wisconsin Central
.
434,3471
2.300,065:
603.9:^2:
10,420,928
1,433,545!
1,430,273:
56,054
1,011,413
3,803,698
2,656,3-29
1,774.945
108,657
149,632
24,928
So. Carllna
26,286
"4;56'7
'14,384
'ii'.s'i's
41,882
128,934
14,995
2,599,737;
193.526'
207,340
17,055
148,614
1,733,4591
4,967,741
40,277
106",6'l'6
315,715
786
587
87,577
6,973
196,661
55,219
42>i,656
733.662
26,991
971,470
57,802
3,106
9.5,014
249,t90
7,162,57-.!
76,092
514,002
421,373
273,952
14,755
4,089
75,225
44,656
'7i;674
10S,9''.3
3,050, 28
3'4i;285
1
"6.069
164.126
196,284
104,229
1.329,342
166,064
480.471
2,165,220
641,883
10,113,423
1,441,613
1,166,138
42,401
\
Uexlcan ourrenoy.
1.
I888L
Qeorgla.
Texas...
Florida.
No.Car'llna
Vliclnla...
New
441,829
960.827
689,701
34,01)0
2S2.593
976,814
Sett. 1,
1887.
1,764,151
216,142
389,604
885,593
754.262
27,212
106,637
815,391
Ortat
Chan-
Britain.
Ml.
757,497
62,488
70.687
809,819
Aoek
3,446
....
74,492
1,834
York.
Boston
Baltimore
97,684'
»7,20T
98,296'
108,417*
55.161'
60,484*
114,051
Phlla., &0..
27,560»
58,534*
66,096
less.
Total.
455,871 ifiszjser,
19^
62,488
187,392'
462,62a:
Other
^"n" .Portifrn.
I
287,621
1,698
l;i,480,
240,39«l
4,024
103,046
440,230
833,966
7.SM
4J88
6089
8,446
121.908
467,761
SSO
168
6396
....
542,860 93,266
238,191
1,5U
191,145
44,917
8,536
47,655
8,406
918,981 142,188
241,727
1,900
164,111
960
73,831
2,866
8n
8.FT'nolscol
Totals—
This year 5,60«,83a
2,807,716 94.600 405,479 1,331.186 4,638,981 181 ,286
Last year
5,820,624 2,698,226 75,245 477,126 1.207.72H 4,458.326 82,036
Prev. yr.l
5.896.686
2.568.708 Bl,.'i94l409.98> 1.813,«15'4,»48.9B1 178,728
8^ • These figures are only the portion
arrived by rail overland from
of the receipts at these ports wbloh
Tennessee. Ac.
57,463
1,547,000!
103,366
12,613,081
1,460,395
1,
Portrd,4o.
127,474
»;95.8S3
741,493
3,250,867
iss.ece
561,108
1,701,355
667,775
The foregoing shows that the total receipts at the Atlantio
and Qulf shipping ports this year have been 5,602,632
bales, against 5,320,624 bales last year and 5,396,686 bales in
1885-f<6; and that the exports have been 4,638,981 bales, against
4,458,326 bales last season and 4,843,991 bales the previous
season, Liverpool getting out of this crop 2,793,843 bales.
If
now we add
the shipments from Tennessee and elsewhere
direct to manufacturers, and Southern consumption, we have
the following as the crop statement for the three years.
"6,l'0'9
'26,4831
Year Eliding September
2,494
3,196
46,124
1887-88.
18S6-87.
1.
1885-86.
134,845
46)961
Receipts at the slilpp'g p'rts.bales
Add shipments from Tennessee,
ii',06'8
&o., direct to manufacturers.
367,505
264.135
13,653
1,024.126
2.424,547
2,139.615
602,104
.
Total
12,713
Manufactured South, not Included
above
361,670
Total Cotton Crop for tbe
737,424
231,782
3,0fi6,274
74,595
Year
bales.
'94',8'9'2
875,428
32,909
7,360
90,649
127,944
58 ',208
2,746,627
Includes three weeks only of August In each year.
To Sept.
1>
Louisiana.. 1,780,375
807,877
Alabama..
18,947
125,781
715.704
1,379,559
365,788
Bxfortt Tear erMng Sept.
Sept. I,
S•p^
236,"'90
267,6991
(1887-88) in detail,
POBTB.
The
\
5,602,632
5,320,624
971,702
795,070
813,629
6,574,334
6,115,694
6,210,215
443,3731
397,929
340,000
5,306,686
,017,707 6,513,623 6,560,215
of these figures is a total of 7,017,707 bales as the
crop of the United States for the year ending Aug. 31, 1888.
restilt
We now give
in detail the processes
by which the above con-
clusions have been reached.
Overland and Inter-State Movement.
have again more than maintained their posi32,919
tion as cotton carriers. We had anticipated that the Inter126',8'o'i
2,067
State law would interfere in some measure with the develop289,825
ment of the overland movement. Any arbitrary execution
131,225
66,682
of the long-and-short-haul clause would have made such a
56,878
41,630 diversion. The result only shows how difficult it is to sup"3',5'2'8
press natural tendencies by legislative enactment. Channels
29,350
49,701 of trade are shaped through the action of influences as spon1,886
taneous as water-courses, and when established become about
297,730
345',9'p'fi
as uncontrollable.
The railroad law was conceived by
33.130
955,974
extremists with radical intent. The Commissioners' earliest
5,011
deci-ions were, however, quieting, though its later de46,219
366,642
liveries have been less conservative.
But between the
84,420
disagreeing views of the law-maker, the public, the Commis100,003
37.662
sioners, the roads, and the courts, a wise meaning to this
'28,561
566',7'o'i
railroad statute seems likely to be reached a meaning that
233,570
76,134
"4,886
Our
railroads
—
249",6'l'3
88,957
43,359
Total (lOS roads).... 205,383,963 198,621,135 12,419,21715,656,389
6,762.8281
t
of 181,225 bales. The whole movement for the twelve months
is g^ven in the foUowinpr pages, with such suggestions and explanations as the peculiar features of the year appear to
require. The first table indicates the stock at each port Sept,
1, 1888, the receipts at the ports for each of the past two years,
B«c<ipt< lor Ytar
440,459
19,315
46,295
"6,830
lH8t-88.
States for the
It will be seen
year ending Sept. 1, 1888, will be found below.
that the total crop this year reaches 7,017,707 bales, while the
exports are 4,638,981 bales, and the spinners' takings ar*
2,880,494 bales, leaving a stock on hand at the close of the year
493,824
11,447
Ket Increase
•
Our statement of the cotton crop of the United
and the export movement for the past year
and the totals for 1880-87 and 188.5-86.
22,170
45,121
78,518
31-2.315
676,699
846,U68|
940,960
3,965,138
4,840,566
1,553,277
1,520,368
92,520
99,880
22,746,5w5| 22,837,244
996,713
1,124,657
3,147,756
2,565,548
10,695,942
7,949,315
2,390,357
2,623,927
287,641
211,507
353,721
358,607
86,011
63,092
436,484
557,285
1,276,212
1.274.145
2,934,548
2,644,723
1.1.57,071
1,025.846
561,429
494,747
369,267
312,389
407,216
448,846
76,773
73,245
67,46
38,117
1.215,189
1,264,890
576,986
578,072
1,719,7.32
1,421,993
3,497,656
3,843,652
9,59,041
992,171
5,708,371
4,752,397
548,562
554,473
644,696
598,477
3,851,699
3,485,057
411,114
326,694
746,233
646,230
529.772
567,434
433,582
405.031
3,»-2 1.611
4,128,312
2,026,719
1,777,106
569,208
480,251
2,398,272
2,354,913
COTTON MOVEMENT AND CROP OF
82,si30
76, 92
288,019
2,116,879
.531,698
2>-6.02U
EastTcnn. Va.
Evanaville
Dtcrtatt.
40,312
905.6251
979,456
1,345,041
407,6 ;o
2,470,803
178,531
224,395
1,882,073
4,927,464
823.357
640.883
Oa....
165,086;
829,379;
2,864 „552
1,179,633
1,402,733
1,299.177
249,077
15,047,824
43,995
327,!j95i
Olev. Akron it Col
'Clev. Col. Cln. & Ind...
Olev. & Marietta
Ool. ACiu. Midland
Ool. Hock. Val. & Tol....
Denver it Rio (irande...
Denver A: K. ti. Western.
Detroit LaiLsing & No...
&
Inereaae.
$
Atlantic & Pnoiflo
Buffalo Rooh. & Pitta.
Burl. Co,l.
1887.
3(3
will neither disturb trade materially
nor yet confiscate prop-
erty.
movement has g^ned is well
Take the
almost uninterrupted increase.
entire period covered by the table given below, and it will be
seen that while the total crop has been developing from
The force
by
disclosed
this overland
its
3.832.991 bales in 1874-75 to 7,017,707 bales in 1887-88, or
abovt
THE CHE^ONICLE.
304
over83 per cent, the increase in the gross amount mirketed
land has been from 461,751 bales in 1874-75 to 1,441,930 bales
stated,
in 1887-88, or 213 per cent. Then, too, its growth, as
has been almost uninterrupted, and for the last few seasons
so
especially conspicuous this season the total gross amount
marketed reaching 30 per cent of the whole production. We
are speaking of com-se, as stated, of the gross movement over
the railroads, because that is the only measure of its volume.
;
is simply the portion of the gross which
in our make-up of the crop. We
counted
otherwise
is not
are particular to mention this fact, because so many, notwithstanding our frequent explanation, get astray with
The net movement
reference to it.
With regard to the marketing through the Southern outports, the changes in percentages have not been very material
year ago Charlesor due to any exceptional special cause.
A
[Vol, XL^II,
In determiaing this year the portion of the crop forwarded
by each of the different overland routes, we have introduced
no new features. And yet, to prevent any misunderstanding,
we repeat
'
our explanation given in previous reports:
—
First. We have (ollowed our usiunl plan of counting each bale of cotton
at the Soullicni outport where it first appears. Tins is a simple rule
applying to every part of our aiiuual cotiou ernp report. In this waywe not only pre.>erve tile unity of tlie report, and tiierefore simplify it,
but as a couscixueuco also make it more Intelligible and less liabla to
error.
Secoyid.—From the gross carried overland wo consequently deduct all
For
cotton shipped by rail from Southern outportn lo the North.
instance, from New Oi'lean.s, MobQe, A-c, frequent s'.iipiuiints are thus
made, an account of which is kept, but it is all ineluileil in tlie crop of
New Orleans or Mobile, &c., as the case may be, when it appears there,
and therefore when the same cotton appe:ir.i a!?:iin in the overland. It
must of course be deducted, or it will be twiec counted.
TAii-rf.— We deduct from overland, likewise, tlie small amounts taken
from the Soutliern outports for Southern oousnmpMou. They, also, for
the sake of unit.v and simplicity, are counted at the outports wliere they
15ut, as is well known, the entire Southern consumption is
fti-st apx>ear,
made up in an item by itself and added to the crop. Hence, unless these
small lots which thus .go into Southern consumption from the Soutlieru
outports are deducted somewhere, they will be twice counted.
Fourth.— ^V^: also deduct the arrivals during the year hy railroad from
the West and South at New York, Boston, Baltimore, PhiUidelphia and
Portland. Tliose receipts rea<'hed these ports by coining across the
country, and appear in our weekly totals, bei-omin.g a p.-irt of the rt^coipts
at the ports, under the heads of "New Yoik," " Boston," &o. All this
cotton, then, having been counted during the year, must now be
deducted as has been done.
ton lost by reason of the earthquakes which began just as
the season was about to open. It was a severe set-back, but
the port has a'rea'ly recovered a large part of the amount
80 far as number of bales is concerned, though in per
centage of the crop the loss is more marked. This lack
at Charleston is most likely due to the late rapidly
With these explanations nothing furthor is need id to mike
improved railroad facilities in connection with Savannah, plain the folio iving statamsnt of the movement overland for
which have brought the total marketed through that port the year ending Sept. 1, 1838:
to a larger aggregate than has ever been reached before.
1887-8.
1886-7
18856.
Savannah's gain is also in part due to Mobile's loss, there not
being enough sur, lus in the Treasury to give Mob.le the good A.moant Shipped—
52S,135 422,791 404,156
From St. Louis
liarbor its past and present position entitles it to, although we
176,990 171,255 179.739
Over Illinois Central
notice that Congress finds an abundance of money to clean
101.964 131.003
97,286
Over Cairo & Viucennee
Galvestrn is
out all the up country creeks there a-e.
12,-253
17,048
Over the Mississippi River, above St. L.
another instance of similar neglected advantages. It is the
82.5S2
Over E vansville <fe Terre Haute
81,066
51.918
patural outlet of an immense country, and when it is fully
50,13S
26.184
41.94S
Over JeffersonvlUe Mad. & Ind
Over Ohio* Mississippi Branch
12.070
17,587
7,971
utilized the route to the consumer will be cheaper, and each
91,359 106,451
91,035
Over Louisville Cincinnati & Lexington
producer in than section will save something on every bale of
42,22 >
46,337
73,781
Eeceipts at Cincinnati by Ohio River.
New
Orleans
sells.
has
marketed
its
full
share
of
colton he
1 14,938
102,822 107,405
Receipts at Cincinnati by Ciu. Buuth'ru
the increased crop. These facts and all the changes that
200,807 171,593 104,099
Over other routes
have taken place for a series of years in the movement
12 438
13,629
Bhlpped to mills, not included above...
10, 382
through the Southern outports are noted in the fo! lowing
1,411,9-20 1,292,167 ,200,279
Total gross overland
statement:
Deduct—
.
Recelpta overland at N.Y., Boston,ifeo.
Per cent of Crop
Beceived at—
00
45.377
58,707
49,890
28,792
1,094
8,508
46.757
19,530
2,566
7,48'
12,922
22,649
1,292
8,028
3,85
46.916
2.436
51,237
40,699
Total to be deducted.
470,218
497,097
416,750
Leaving total net overland*
971,70.
7;5,O70
813,529
WUmingt'n, Ac.
03-40
02-35
01-85
02-68
Norfolk, &c..
Charleston, &c.
13-91
12-51
12-3'
13-67
13-04
14-24
14-
14-18
13-22
11-20
08-30
05-98
07-68
09-22
07-58
08-45
09-81
10-19
08-59
10-00
Bavannah, &c
13-70
12-i»2
12-42
12-54
11-58
11-79
13-64
13-51
12-88
13-89
Florida
00-49
00-42
00-83
01-48
00-80
00-29, 00-43
00-29
00-30
01-12
Mobile
03-96
03-32
03-79
04-18
04-20
04-48
04
05-95
06-23
07-14
Orleans
Mobile
New
Orleans.
Galveston, Ac..
25-36
27-08
2«-94
2700
26-78
24-:7
21-91
21-3'
26-13
28-40
Savannah
0«-83
11-5'
H-20 08-52
10-831
12-69
08-45
10-83
08-60
11-47
N.
03-97
01-94
04-68
07-20' 07-39; 09-56
07-48
0907 08-75
Y., Bost., *c.
Total
all
03-17
tM-49
03-03
02-59
ports
..
8.
79-83
81-60
82-89
84-26
84-89] 86-09| 88-84
89-15
86-87
87-85
13-66
12-21
12-42
11-06
09-26' 09-181 08-78
07-74
10-02
09-35
8-31
6-13
05-19
4-69
05-85
04-73, 04-38
08-11
03-00
crop 100-00 10000 100-00 100-00 100-00 100-00 10000,100-00 100-00 10000
237
New
Charleston
North Carolina ports
Virginia ports
through
Overland net...
Southern conBomption
Tot. U.
02-58
300,300
3:1, 6i:
I
52,567
03-31
03-02
278,601
Shipments between (or South from)
Western interior towns
Deduct also Shipments inland and Takings for Southern Consumption
from the folloicing Southern ports—
Galveston
95e
nil. which during
1.887.S, amounted to 34.010 hales, and are deihn^ted in the sta-.eaient
of consumi)tlon; in 18H6-7 these shipments were 4.5,917 jal-jr, >tad la
*Thls
total
Includes shipments
to
Canada by
In the above table we have only figured what is called the 1S86-6 were 47,246 bales.
net overland, as the remainder of the gross amount is counted
According to the above, the total carri d ovarland this year
at New York, Boston, &c., or at the Sjuthern ports where it was 1,441,930 bales, against 1,393,167 bales last
y ar and
first appears in the receipts.
Still, the entire gi'oss amount
1,260,279 bales the previous year, and the movement direct to
reaches a market by some all-rail route, ani hence in meis- manufacturers this year reaches 971,703 bales, against 795,070
uring the overland we can only do so correctly by using the bales a year ago and 813,539 bales in 1885-6. This shows an
gross figures. To indicate therefore the progress made in the increase over last year of
149,753 ba'es in the gross movement,
movement since 1874-75, we give below the total crop, the and an increase of 176,633 bales in the Me^ movement. We now
gross-overland, and the percentages of increase and decrease give the
details of the entire crop for two years:
of each for a s ries of years:
l/oulslana.
Crop of
1887-88 ...
1886-S7...
1885-8G ...
Total Yield.
Oross
Overland.
Bales.
Bales.
7,017.707
1,411,920
1,292,167
1,260,279
6,5l.'?,623
6,550.215
188-1-85
...
5,(;09,021
1383-84
...
5,714,0,->2
1882-?3....
1881-82...,
1880-81 ....
1870-80...
1878-79 ...
1877-78...,
1876-77...,
1875-76...,
4,485,4-23
4,^69,288
3,832,991
and Decrease—
Of Crop.
Per
Of Oeerland.
Ot.
Increase 7 -,"4
Decrease 0-56
Increase 15'54
Decrease 078
Decrease 18-28
Increase 28-61
Decrease 17-50
Increase 14-45
Increase 13-48
Increase 5-45
Increase 7-26
Decrease 3-94
Increase 21-81
Per
Ot.
Increase 1 1 -59
Increase 2-53
Increase 27-05
Decrease 5 44
Decrease 1307
Increase 7-26
Increase 410
Decrease 7-71
Increase 32-47
Increase 28-54
Increase 8-91
Decrease 9-50
Decrease 8 09
52-42
Decrease 7-11
from season of '74-75 to '87-88 Increase 83-08
Incr'se 212-27
1874-75
Cljjipge
6,902,234
5.435,815
6,589,329
5,757,397
5,073,531
4,811,265
991,960
1,049,070
1,217,215
1,134,788
1,090,067
1,181,147
891,619
693,040
636,886
703,780
461,751
Increase
...,
/iiC)-ea»e
1887-88.
Exported from N. Orleans;To foreign ports
1,522,687
coastwise
To
ports
33i,82i
To Northern ports, &c,,
b,v i-lver and rail*
40,073
Manufactured*
9,817
Burnt
Stock at close of year
19,370—1,030,771
Deduct :
Received from Mobile
Received from Florida.&o
Received from Galvestou
and
Indiai:ola
*
In overland
1888-87.
1,474,634
391,819
.
38,303
8,454
2,300
17,343—1,935,773
150,493
130,243
2,810
Stock beginning of year..
Total product of year
.
4, .542
17,313— 1.50,396
16,387— 171,62'J
1,780,375
1,764,151
.
we have dedaoted these two
items.
Alabama.
Exported from Mobile:*
ports
coastwise ports
-ro foreign
To
Manufactured
Burnt
Stock at dose of year
.
1SS7-88.
.
62,488
160,295
730
^
18-6-8".
-»
4'!,807
18 1,403
1,128
61
1,511— 225,044
478-
234,^"
80
Skptrmbkr
THE
15, 1888.)
(
H RON CLE
Alabama—Continued.
1887-83.
,
.
DeriMet!
Kt>i<elpta
RecoliitJt
Stock
from N. Orlonn*.
from IVnsiipnln.
bi'Kliiiili'K
•
-1886-87.
1MS7
478—
17,067
2,890-
Virginia.
\\
I'slnt,
t
i
IMC p*>rts*
210,112
207.377
" Uiiilm- lli« lioiil of coiwlwUo slilpmonta from Mobile arn liiplmlcd
coimumpnorth
for
Southern
niirt
28,012 balcH nlili>i>i'il InluiicJ by rnll
tlon, wlitcli, wttU 7.'>0 bttlns loeiil eonsiimpUon, will bo fouad deducted
lu the overland uioveiucnt.
Tolnl proiliift of yi-nr
Texas.
Ex)>'ti'il rromOiilvoat'n.Ao.:
Ti) foil ii^ii purls (cJtei'pt
.Mr
Gulveg'
), from
ton. II IMnii, Ai!
Tci r.i 1,1 wise l)Oit»*
302,099
889,400
31,857
363,707
38,213
340,054
Ki'celvcd
at
914
4,289- 702,886
605
4,223- 769,409
8,173
7,513
54
4,228—
6,762-
15,247
:
27,212
.-
.—
31,960
34,960
27,212
27,212
Georeta.
Exported from Sav-mnah
To foreign port.s — Upland 394,440
To forciK'n purts— Sea Is'd
1,386
1,744
473,209
22,647
290,354
26,195
44.104
32,178
8,024
28,587
200
820
162
60— 982,810
4,022
693
21,883
4,304
1,149-
960,927
Upland
148,152
142,204
133.566
105,508
14,905
1 ,688
738,070
4,252 — l,051.87t>
321,642
4,638-
795,070
971,702
1,116,712
1,250,303
in overland, having been previously
1,
tile
1888
in the South,
year ending
bales. 6,574.334
443,373
1,
bales. 7,017,707
..
..
total crop
Teart.
Bales.
1871-72...
1870-71...
1869-70...
7,017,707
6,513.623
e.S.iO.SlS
1883-84,...
5.714,0.")2
1808-69
1867-08
1882-83...
1881-82...
1880-81...
6,i)9J,23l
5,435, SI.-)
6.589,32!)
1866-67...
1805-66...
1S61-65...
187!)- 80...
5,757,397
5,073,531
4,811.265
1S60-61
1884-85...
5,069,021
,
4,669,288
3.8.32.991
1873-74...
1872-73...
4,170,388
3,930,508
..
185"-60...
1858-59...
4,48=i.423
..
..
..
1857-58
..
1856-57...
18\5-56...
1854-55...
1853-51...
each year since 1837:
Bat's.
2.971.3.51
4,332.317
3.151,916
2,439.039
2,49S.8;)5
2,0.i!i.27l
2.228,987
No
reeofil.
3,8J(i,086
.1,823,770
3.994.181
3,238,902
3.056.519
3,615.315
2,932,319
3,03i,027
Tears.
Baits.
1852-53.... 3,352,882
1851-52
1850-51
1849-50...
1818-49 ..
1847-48...
1846-47...
1845-16..
1814-45
1813-44
1842-43
..
..
..
1811-42.
..
1810-41
..
18:19-10.
..
1838-39.
1837-38.
..
..
3.0;»0.029
2.41.5.257
2.171.708
2.808,,598
2,421,113
1,860,479
2.170,537
2,481.662
2.108.579
2,3!»1.203
1,688,675
1.H39.353
2.181.749
1,363,403
1,804,797
Consnniption.
—
EOROPE. The season no V just clo4Qg is likely long to remain conspicuous for the results obtained in the cotton goodj
trade of Europe. It ranks above all previous years for largO
production, bo'.h on the C^ntineit and in G eat Britain; it is
notable for the better margin which has existed through the
twelve monthj between yarn and the raw material;
de-
cotton goods export trade.
Increase of population, as a measure of the world's growth
in capacity for the consumption of c 'tton fabrics, becomes
obviously misleading and fallacious in the light of current
European spin 'les in 1873-73 c >n3umed ouly 5,116,000
facts.
1,891
266-
it
wi h which prices have
been sustained, notwithstanding the lirge production; and it
adds another j ear to the new cycle in the growth of England's
serves distinction for the re<5ularity
200
468,933
4,845
971,702
Ten nessee, Ac*
' Except 165,211 bales deducted
835,593
16.956
2.463
1,269
13,431
1,648
6,550
ifeo.
Total marketed by rail from
1874-75
122,308
2,996
1,657
87-
&c
&o
tactuiers
Stock at Memphis and
Nashville at beginning
of year
Total slilp'u'ts toN. Y., 4c.
Add shiiHuents to manufacturers direct
1878-79...
1877-78...
1876-77...
1875-76...
271,852
5,704
1,606
Sea Island
Deduct ;
Rec'd from Savannah-
4,638—1,373,521
Shipped direct to manu-
1886-87
1885-86
Beaufort:
Upland.
Sea Island
Eiport'd from Georget'n,&c
Burnt at Charleston, &o. ...
Stock at close of year-
Orleans,
Below we give the
South Carolina.
Exported from Cliarlestou:
To forci^i ports— Upland 281,755
161,0.50
New
Team.
3,000
6,818
Upland'
Sea Uland
Exp'd from Port Royal and
617,736
8,605—1,543,203
Daluct:
Shipped from Memphis to
1887-8S...
1,737
3,985
5.866
847,015
1888
575— 850,498
6,147
foreign ports- Sea Is'd
coast wise ports-
655,840
55,307
not Inoludad
Total crop in the United States for the year ending Sept.
•Coastwise shipments Include 274 bales shipped to the interior,
which, with the amount taken for consumption, is deducted In overland.
Florida
t These are only tlic roeeipts at Savaimah by water from the
ontports, and, biins counted in the Florida receipts, are ileducted here.
Besides these ttmounts, there have also been 15,238 bales Upland
and 15,310 bales Sea Island, from the interior of Florida, received at
Savannah during the year by rail.
To
To
635,180
57,409
viUeatondof year
September
6,818
2,484
1,874
Total product of year
ncssee. Miss., Tex, <feo..
Stock lu Memphis and Nosh.
Consumed
2,040
7,166
575-
48,287
counted.
Total prcdiict detailed above by States for
185,999
coa.'stwlse i)orts
Sea Lsland t
Received at Brunswick
from Florida
Stock bcKtnniug of yearUpland..
Sea Island
56,704
6,303
Niishvllle
orfolk.
These llifui'cs represent this year, as heretofore, only the shipments
from the Florida niU/iorts. Florida cotton has also giino Inland to
Savannah, &c.. but wo hare followed our usual custom of counting that
cotton at the oulporU where it first appeart.
Uplandt
262
Shipped from Nashville to
3,4<6
31,514
'
Burnt.
Manufactured
Htock at close of year
Upland
Sea Island
Deduct;
KeceiVd from Charleston,
Brunswick, Ac
Received from Florida
1,668
23,021
828— 65,108
4,507—
Stock beijlniUng of year..
76,927
product of year
076,314
815,301
Includes 33,491 bales shipped to the Ititorlor, which, with 13,422
bales taken for mnnnfaoture, aio 'le<lnoted In overland.
Note.—The cotton ex-steamer Klmberley is not include 1 In Norfolk
figures. 7,U9i bales were re-shipped to Liverpool and 277 bales buriit
Norfolk.
<tc.»
Total proiluct of year
To foreign ports
To coa.stwise ports
828— 802,318
163-1,041,812
Shipped from .Memphis to
Deduct ;
Stock beginning of year.
Upland*
Sea Island
Exported fr'ra Rruuswiek:
11,787
Frotn other places In Ten-
Florida.
To
109 451
643
Stock at eiKl of year, Norfolk and Petersburg
Deduct :
Received from Wllmingt'n
from
other
R4'celvt'd
North Cnrollna ports...
Received fiom Newport
From
754,252
689,701
Total product of year
• Coastwl.se exports are made up as fiiUowg
363,473 bales from Galveston and 229 bales from Corpus Chrlstl.
Exi)orted from Fernandina,
To foreign ports
To coastwise ports
Stock at close of year
2.'.2. '.'.e
Tennessee.
72
13,165
....
ShipmentsProm Memphis
45
710
frotn (iiilvcstnn, .to....
181,070
232.139
796.224
18,422
at Norfolk.
855
Kcci-ivid at Kl Pnso, &0.
Received at ([alve<«ton
from Ciirpua ClirUti
Stock bngimUiiK ot year..
nianufaoture
203.590
Totiil
Giilvcston
f r«im Now Orleans
Damajjt'il cotton ro(.'«v'r'd
from liark II rboit
r>H-
18*0.87
.
33(1,126
News. Ac
p..
nwnii
Stork ,i; liiisBof year
Taken
Burnt
.
23-..022
Ao.
ports
18,738
1H><7 an.
.rfolk,Ac..-
ds*
731
303
10,8»7
of year..
<
305
I
425,705
bales of cotton, of 400 lbs. each; in ISST-SS, fifteen yaars later,
they consumed 7,631,000 bales, of same weights— that is to
say, while population was increasing twelve to fifteen per
cent, the consumption of European spindles increased nearly
Upland
Sea Island
31
2,222
50 per cent. Or, if we compare p-riods, the results are fairer
Stock bei;lnuing of year
and even more striking. In our usual table, which follows,
Uphiud
1,891
3,047
266— 27,163
Bealsland
1,72236.161 we havetiontinued the division of seasons since our war into
Total product of year
411.825
389.604 groups of six years. For the first sir— from 1866-67 to 1871-73,
• Included In tlds item are 8.508 bales,
the amounts taken by local both inclusive the average annual consumption of European
mills and shipped to interior, all of which is deducted in overland.
spindles was 4,386,000 bales, of 400 lbs. eacn; for the second
North Carolina.
six years— 'rom 1872-78 to 1877-78, both inclusive, the average
E.xp'd from Wilmingt'n.iStc.:
To f<iroi,'n ports
121,903
109,691
was 5,387,000 baJea; for the third six yenrs- from 1878-79 to
To coastwise ports*
107.671
81,888
Taketi for consumption
1.347
1,470
1883-S4, both inclusive, the average was 6,512,000 bales; and
Burnt
1,906
101
Stock at close of year
380— 233,207
655- 196,805 for the /oar years since the latter date— from 1885-86 to 1887Deduct
88, both inclusive— the average was 7,186,000 bales. Stated in
Upland
24,975
29,170
Sea Island
Received from Florida
.
—
Stock beginning of year..
Total product of year
055
655
168—
168
232,552
196,637
Of tliese shipments 2,503 bales went Inland by rail from 'Wilmington
Dd with local cuubumptiou are deducted lu overland.
*
another form, the results wculd be:
Increase of second six years' average over the
000 bales, or 23 per cent.
first six, 1,001,-
THE CHRONICLE.
306
1,125,Increase of third six years' average over the second six,
000 bales, or 21 per cent.
Increase of last four years' average over the third six, 674,000
bales, or 10 per cent.
This comparison fails to indicate, in its full extent, the
rapidity of the development during the last four years,
because of the considerable decline in consumption which
took place the first year (1884-85) of that series, and,
a
further, because the series covers the developmfnt of
number of years than the others. Comparing 18-'4-85
with 18i7-S8, the actual increase in the four years is found
the
to reach the Burprising total of 943,000 bales, and should
less
succeeding two years progress at the same rate, the average
addition|for the last six-year period will also show a large percentage, the actual increase in that case footing up about
1,400,000 bales. Such growth, so long continued, is evidently
healthy, and bears no relation whatever to population. It is
in good part an awakening of the peoples of the old world to
the lirxury of clothing an awakening of almost limitless
capacity, developing pari passu with the widening of com-
[Vol.
XLVU.
ported largely under contract all the year, with a better margin between the prices of the raw material and the manufactured article than has ruled for years before. This term of
new life began with the fall of 1885. The season closing with
the first of October of that year had been a conspicuously dull
one demand very slacJi and stocks of goods accumulating in
the early part of it. These conditions naturally led to reduced
production and a rapid absorption of old accumulations. This
latter assertion applies especially to yarn, and to the last three
months of the season of 1834-85, the Oldham strike having for
the most part of that time kept over 7*^ million spindles idle.
Thus it happened that on the first of October, 1885, a distinctly
better situation and a better demand was apparent; and since
that date the tone, tendency and course both of the market
and of produoiion have been toward better figures. An incident in this cycle of progress was a slowing up of spindles
—
and demand
in the
summer
August of that
of 1887, until in
looked as if the term of development was about to
close; but the depression proved to be temporarv, for the
recovery was speedy; the progress since then being even more
The
merce and increase of purchasing power. Political economists decided than previously, and almost uninterrupted.
will have to take cognizance of this feature in the situation. little table of exports given above is a good traie barometer,
They have been looking exclusively upon steam, ttlegriph, reflecting with no little definiteness and accuracy these variarailroads, Suez canals, commercial expansion and wealth dis- t ons and changes.
But, as said, the most marked feature has been the price
tribution as facilities for cheapening products, and thcTefore
just so many causes for price depression. We see that in the improvement. This, too, has been progressive, continued now
matter of cotton goods this is not true. And why in the through three seasons, ths last thus averaging the best of all.
nature of things should not these agents be active "drum- Furthermore, it has been continued, wich unusually slight
mers" for the manufacturer, and why may we not presume variations, through the year. This relationsh p to the prethat they are now multiplying consumers in larger ratio vious season may be followed with considerable ccuracy by
than they multiply the power of production and distribution means of the statement below of differences in prices at LivFacts as they develope often modify well spun theories; and pool for the two years:
these facts seem to be doing it in this case.
1887-88
1886-37
.Dearer in 1887-8.
Activity in Great Britain's export movement has been the
«
8
•«
feature of Europe's goods trade the past year. This, and the
5» X
lAverpool.
K
direction the increase has taken, may be gathered from what
&I ti =1 ^
li IB
t-i
has already been said. As to i;s volume, the table we have
m
03
published in our cotton report every month has advised our
S5
readers. The totals in pounds for each quarter of the last
«.
rf.
d.
d.
d.
rf.
d.
«.
a.
d.
d.
2>4 S'lB
6 lis •14
7'fl
»18
%
53ie
7''-tfi 6
three seasons (th? yards of cloth being reduced to pounds to Sept. SO...
Oct 31.... 5»18 7"lK 6 2>4 .5'fl
T-'S
6 IH
"16
6,6
%
perfect the comparison) are as below, three ciphers being Nov. 30...
214
Ifl
5% V'^IB d 3!% 5I8 7llifl 6
H
Average~48
omitted in each case:
114
7S54S 6 2% 51143 72*48 6 lifl
624
Sept.— Nov. jsas
Exports in lbs., 000s omitted.
1885-86.
1886-87.
1887-88. Deo. 31....
7=8
6 6% oM
6 3
5%
3%
ftllfl
»a
'ifl
"»1« 6 4
la
iia
6 SMi Si6
«,.
First quarter, Oct.-Dec
K>fl
355,497
292. 139
309,736 Jan. 31.... 658
38
>»
4
Feb.
28....
6
6
4>s
B>i«
<i
7'i«
5»ifl
55i«
Second quarter, Jan. -March
234,378
305,268
320,820 Average —
7!>16 6 323
25^8 11112
'16
Third quarter, April-June
8»ia 6 5^^, 5h»
284,901
260,796
383,883 Dec— Feb }5!>8
Fourth quarter. July-Sept
292,164
I4
287,253
"4
6 3^ 50s
768
Mch.31... 638
778
6 3% "4
year
it
—
l|
2S
^^
.5:
il
.
ii
m
.
.
.
Total for the season
1,116,840
Only one month (July) for the
season has as yet been published.
1,145,456
quarter of the current
That, like its predecessors,
last
AprU30...
May3l....
Average—
5%
T'K
6
S^
538
731.,2
6
4^4
Mar.— May |538
72932 S
June 30...
July 31...
August 31.
5^
715ie6
3%
Sk
59,„
7l»,« 6
3»3
61 '16
51H.6
768
768
S
3%
•'4
3
•6I6
•'16
"4
6
".13
II4
51I1.
768
6
31a
*»16
*32
516 M
5»,,
711,6 6
8I3
3
*',«
"4
7i».^-i6
II3I'
I4
Ifl
'632
bu,a S'la 6 414 b^
"la
pounds
71932I6 2H
Average —
»8
7"48 6 3% 523
7H |62Ili2 'la "is
103,515,000 lbs., against 93,828,000 lbs. in July, 1887, and Jutit—Aug }57i2
93,647,000 lbs. in July, 1886, or over 11 per cent increase com* Clieaper.
pared with 1887, and nearly the same compared with 1886.
The last three columns of the above afford a guide to a fair
On that basis we would of course ba justified in estimating estimate of the better condition the manufacturer has held
the total movement for the current quarter considerably in this year than last year. Of course there are temporary flucexcess of the corresponding quarter of last year; but iosttad tuations in the prices of the raw material which goods do not
of doing so, if we only assume an equal movement, the total usually follow but glance at the foregoing table is sufficient
a
for the season ending October 1 will stand 1,300,000,000 lbs, in to disclose the improvement in the relative situation. We do
1887-88, against 1,145,456.000 lbs. in 1886-87 and 1,110,840,000 not, however, give the figures as an accurate test of profits
lbs. in 1885-86.
This, obviously, is a very large increase even to reach that point we should have to take as the basis of the
compared with last year, but when put in connection with calculation the specific grade of cotton spun by each mill, and
is
very favorable, aggregaiine for yarn and
clotbi in
;
the adlitional increase over the previous season it discloses
most clearly the secret of England's profitable trade. It is to
be noted further that no part of this gain is due to an enlarged demand from the Continent; in fact the shipments
in
that direction have fallen off, being (to the whole
of Europe
including Turkey) 100,000,000 yards of
piece goods and
relative spinning (lualities, besides the quality of the twist
manufactured. But if one assumes 2)^d. as the margin which
will cover cost of manufacture bttsveen cotton aud 32-twi8t,
the prices given afford one a kind of key for solving the problem of profits, though rough to be sure A uuach inure latisfactory exhibit is the comparison with previous years, espec10,000,000 lbs. of yarn leas than in 1888-87.
On the other ially if carried back through a series of seasons. For we
hand to China, India, etc., there have been shipped
from Oct. must assume that there has been no continued loss in the
1, 1887, to August 1, 1888, a total of 1,609,000,000
yards of past, or production would not have increased. In fact, taking
cloth and 67,993.000 lbs. of yarn, against
1,400,000.000 yards the statement of the Oldham Cfironicls as a guide, it seems
of cloth and 59,984,000 lbs. of yarn the
same months of the that during 1887, out of 88 of the mills in th .t district publishprevious season. These figures are to every
practical man, ing balance sheets, 60 reported profits and 28 companies reand should be to every economist, a key to the whole
situation. ported a small loss.
Mr. Ellison states that for that year the
An important circumstance, in addition to and shedding
net profit earned and declared by 78 companies was a little
light upon these facts, is that this
movement is no unnatural over 2'^^ per cent. That is not a large average return on tlu^
or speculative development, no artificial
pushing of trade, capital invested; but if we may assume that allowance w;in
making of these new countries "slaughter markets,"
as they made for deterioration of plant, it is certa-nly considering the
are so often called, for carrying off surplus
production. On times, not a very small average. It is larger than the average
the contrary, both spinners and
manufacturers have been re- return received on the stock capital of all the railroads of tlnV
its
,
SKPrKMBKR
THE (^HRONKJLR
IS, 1888.J
cciuntry.
We munt
uatioii OS
it
remember,
too, that it represents the Hitthe improvement sines then the
above table disclosfn. Or if one desireti to take a wider view,
he will Hiiil in the following compari^Km a mor > expressive
representation of the recovery the Eiis^UhIi manufaoturdr has
wa.s last year
;
enjoyed, and there'ore the satisfactory situation in which ho
now must be. The comparison is the averajie for each quarter
between the present season an 1 both 1886-7 and 1886-6— for
it was at the beginning of 1885-6 that the latest revival begar.Deor«r<n 1887-88
/koii
in 1886-87.
Dearer in 1887 88
in 1885-f6.
Livrpool.
Averagt Pritt.
//i«ri
•aw
Is
^1
^1
11
53«
3^
' TU1« Una (flvcn th« Innrnnno
pi^rc<inta«a In tlia «on lumptloo of 1871
72 rompnrcid w Itli tlin conHiiniptfon of 18ert-67.
I
the ooniinoiptlOB of 18T778 rrtiupiirtMi with tli(» conHiiiiintton of 1872-73.
• Tlilfi llni' kIviw thelnnrc««n<l iidrrainlOKB In the
oonnnnipUon of 188981(K>iii|>iira(l with th<i cuiiHiiiii|>tlon of 1H7H-79.
Vl'ho «)<""'•< fur Kiiropriin Coimiimpttnn for 1880-87 will prohaWr be
nhunK<'<l''llKI>lly hy Mr. Klllnoo when he inakm up hli (Jot»li«r nnnual.
ThiMiiial/i w^^ (tlve for that yciir are the total" iw tlicv upiK-ar id In hli
October circular. Tbe above for 1887-8') wll! '» d iter <n>ewlwt
from the tUial roHUlu, a« our total Ineluilea an eauiiwiu for teptamber.
All of the tlgurpg are, however, suhatantlally correct.
last
The foregoing
illustrates the
as to the progrcssiveness of
:
Wo'ld'i
i.
d.
d.
d.
d.
d.
3H
Detieiiiltor-February..
8'a
4':3
MiiriOi Miiy
Juiie-Augiist
•
>
>12
2l«
•«4e
Cheaper.
The lower average for yam the first quarter of 1887-88
compare 1 with 1885-36 was due to the depression with which
the season was preceded, the last two months of that quarter
of 1885-86 leaving a better margin than the first month.
With regard to the Continent we have fewer details, but
the great fact of increased consumption of cotton stands out in
strong light undoubted proof of the progre-ssion and profitablen»ss of this industry. Taken together, the Centiuental
States show since our war scarcely a set-back in their use of the
raw material. The history of that whole period may be thus
—
summed up: three slight reactions followed by qui .-k recov
ery and an increase of over 121 p'r cent in the consumption
of cotton during the 22 yea's. During the last seven y^ars there
have been depressions and revivals in England's consumption;
but the expansion of the trade beyond the point rf ached in
1881-S3 h<is been slow; this year shows quite a change, tie
aggregate b?ing the largest ever attained. On the other
hand, Continental consumption has, as said, made decided,
almost constant, progress, having in 1886-87 come within
54,000 bales of England's consumption, though in 1873-74 it
used only two-thirds as much, or a million bales of co'ton (of
400 lbs. eroh) less than Great Britain. But this year England
has again gone forward more rapidly than the Continent, and
the distance between the two has widened. One cannot help
iwking is this change a hint that protection on the Continent is nearing the limit of effectiveness?
Such are tbe facts representing the course of the cotton
trade in Europe the past seaion.
With this brief summary we now add our usual tables of general consumption
and supply throughout the world. As already intimated,
they show surprising growth in the demand for cotton goods,
while the increased amount which can be used in a year gives
promise of the place our crop this season will find to fill. These
figures, we repeat, are not the takings of the mills, but the actual consumption, and are all expressed in bales of 400 lbs.
—
Consumpti
Oofuumption.
Oreat
Balea 400 at.
Oontinent.
Britain,
8,560,000
I8«6-«T.
1867-ee.
186»-70
Europe
.TO,000 [4,263,000
2,866,000 l,730.00o!4.089.000
yorth.
746,000
894,000
965,000
913,000
2,165,000 1,461,000 3,9-26,000
2,663,000 1,584,0004,247,000
2.805,000 1,906,000 4,711,000 1,009.000
3.015,000 2,057,000 5,072,000 1,108,000|
.
1870-71...
l»n-72.
I
Total
'
.
South
76,000
eS.OOo{
TbtoJ
Total
World.
V.S.
828,000 5,085,000
959,000 5,058,000
88.000; 1,053,000J4.97M,000
99,000 1,012,000 5.259,000
100,000 1,109,000 5,S20,000
132,000; 1,240,000;6,312,000
Aver. 6 years. 12,646,000 1,740,000 4,386,000 »tl9,000
04,000,1,033,000 6,419,000
Percenter™.*. 178 Inc.jgOB Ino.jl90 Inc. 48-5 Inc. 76-3 Inc. 509 Inc. 241 Inc.
1872-73
1873-74,
1874-75
1S7&-76
1876.77
1877-78
,
3,084,000 2,032,00015,116,000 1,167,000|
3,128,000:2.064,000 5,192,000 1,299,000
8,068,000 2,240.000 5,328,000 1,189,000
3.176,000!2,4O3,0OO 5,579,000 1,344,000
1
8,188,000 2,378,000 5,561,000 1,418,000
3,038,000 2,509,000 5,547,000 1,55^000
152,000; 1,309,000 0,426,000
141,000
159.000
159,000
161,000
167,000
187»-80...
1880-81
1881-SS
1882-83
1883-84
2,843,000 2,506,000 5,439,000 1.615,000
3,350,000 2.760,000 l),100,000 1,779.000;
3,972,000 2,»Se,000;6,528,000 1,884,000;
8,640,000 3,198,000 6,838,000! 1,931,000|
3,744,000 3,380,000 7,134.000; 1,993,000
3,866,000 .1,380,000 7,016,000 1,865,000
1,328,000 6,656,000
1,503,000 7,082,000
1,579,000 7,140,000
W8T--8J
J.
3,133,000 .S.25.5,00o|6,688,000 1,008.000
S.628.000 8,485,000 7,093,000 1,890.000
LIIM.O'X) :i.((4i),o0l) 7,'J34,000 1.072.000
jjai.'ioo, ;i.770.o>ju 7.mi-i""i 2.am.0ll'il
169,000 1,784,0007,223,000
202.00(1 l,981,000i8,081,000
234,000|2,118,000 8,«46,000
266,000 2,197.000 9,035,000
882,00.12,875,000 9,499,000
379,000 2,244,000 9.290.060
301,000 1,909.000 8,597,000
888.000 a,27S.0O0 0,371,000
4Sl,0u0 2.423.00 9.707.000
500.C'XI
1887- -t8
2..'i.1i).m
I0i»^1^00
Total.
Indim.
Slates.
262.2.30
7,486,280
8,382.480
9,017,400
9,424,600
9,946,400
9,810,700
9.181,800
10,001,300
301,480
371,400
389,600
44 7,409
520,700
581,800
630,300
711,800 10,4(i8,80O
750,000 10,911,000
Estlinntcd.
Note.— The above does not include American cotton conHumed
Canada, in
in
and Imriit.
There is another general table also which we have compiled
of late year needed in connection with the for. going, to give
one a comprehensive idea of the extent and expansion of this
industry. It discloses Europe and America's cotton supply
and the sources of it. The special points we have sought to
illustrate by the statement are, first, the relative contribution
to the world's raw mate ial by th-? United States and by other
tSajt'.cz,
,
and second to fuUow
sources,
i's
Not only the
distribution.
cotton which g03s to Europe annually is given in it, but also
what is done with the cotton af er it gets there, so that the
column of stocks visible and invisible becomes a very useful
any
test of
figures of
European consumption,
WORI.U'8 SUri'LY
AND DISTUIBUTIOS OF COTTOW.
Balance of year'i >upptv.
Crops.
VitCble
Total
and
Actual
Con-
Inviaiblf
begin'nj
oj year.
Unittd
Stata.
End
of Tear.
Burnt,
Invial-
tumpVn. Viamie.
dec*
hit.
I
1866-67.
1867-68.
1868-89.
1869-70.
1870-71.
1871-72.
2.349.000 2,230,000 2.178,000
1.619,000 2,718,000 2,107,000
1,338,000 2,852,000 2,864,000
1,520,000 3,431.000 •i. 11 8,000
Aver'ue
8.167,000 2.337.000
5,604,000 5,419,000
1872-73. 2,453.000
1878-74, 2,320.000
1874-75 2,625.000
1875-76. 2,324,006
1876-77. 2,346,00(1
1877-78. 1,961,000
4,283,000 2,083,000
4,597,000 2,8a0,000
6.366,000 6,426,000 1,581,000
6,917,000 6,682,000 1,682,060
6.526,000 6,656,000! 1.819,000
7,189.000 7.082,000' 1,732.000
78e.n00
843,000
705,000
614,000
4,033.000 1.897.000
5,425,000 1,506,000
6,880,000,7,140,000 1,318,000
643,000' 75,000
6,931,000 7,272,000 1,214,000
326,000
Aver'ge
4,771.000 2,022,000
6,793,000 6,868,000
l,725,000|l,783.000i2.029.000
2,578,0
3,24I,000|.<,038,000
j
4,216,000 2,309,000
5.171,000 2.018,000
5,085,000 1,400,0001 219.000 98,0(M
96,000 48,000
5.058,000 1,280.000
4.979.000! 1,260,000 280,000 66,000
5,259,000 1,330.000 379,000 80,004
8,758,00015,820,000 1,896.000 882,000 8G.0M
6.277,000 6,812.0001 1,785,000 668,000 90,000
1
66,000
74.0W
80,000
70,000
86,000
80,000
77,000
187^79
7,036,000 7,223,000 1,068,000
isso^sr
1.548,000
1881-82. 2,188,000
82-83
18
1.616,000
1883-84 2,403,000
8,450,000 •*,081, 000 1.499,000
9,356,000 .S,646,000 1,922.000
8,583,000 9,035,000:1,362,000
86,000
88.000
246,000 90,00*
2{M.O0O| 100.000
S,u58,OOU 2,350,000 10,408,000 9,499,OOOJ1,71M,000
8,485,000 2,434,000 8,919,000 9,290,000 1,505.000
701.000il20,000
4S4,000{ 95.000
Aver'ge
8,721,000 2,071,000
7,519,000 1,837,000
6,073,000 2,510,000
199,000
49.000
e^ooo
8,792,000 8,629,000
1884-85. 1,939.000 B,420,000 2,007,000 8.427,000
1885-86. 1,67S,0 10 7,480,000 2,100,000 9,580,000
1889-87 1,800,000 7,4SO,000|2,478,000 9,928,000
lOioonoc
1887-88. 1.841,000 <,000,OOol2,10J,0
* To Illustrate the above take the
would be B8 follows
8,597,000 1,230,00(1
9.371,00o|l,210,00i
419.000* 90.000
0,757.000 1,248,00(
5t3.000 130.000
580.0001160,000
1O16lOO(>il.04O,00O
laet season, 1887-88,
590.000! 8S.0OO
and the
results
:
Supply— visible and Invisible stock beKlnntng of year
1,841,600
10.100,000
Totul crops durlnu year
Total supply-bales of 400 lbs
ZXstrtimtion-Total consumption
Burnt, Ac, during year
1,726,00<)'7,272,000
Arer. 6 years. 3.489.000 8,043,000,8,512,000 1,845,000 232,000 2,117,000 8,620,000
28-6 Inc.
Peraeat6yr>.i 2S'9 lDC.lijO'3 Inc.
C.|^
J29'5 Inc. 19'5 Ino. 124S In. 25-8 Inc.
1884-86
1885-86
1886-87J
•90
1883 84
1884- 89
1885 -36
1836 87
*
Oontinenl
2,843,000 2,696,000 1,784,000
3,310,000 2,750,000 1,981,000
3,572,00' 2,956.000 2,118.000
3,040,000 3,198,000 2.197,000
3,741,000 3,380,000 2.375,000
3,666.000 3,380,000 2,244,0.0
3,433.000 1,255,000 1,909,000
3,628,000 3,405,000 2,278,000
3,694,000 3.61O,CO0 2,423,000
3.861.000 1 770,000 2,530.000
1880- 81
1881- •92
1882- 83
1,440,000 6,832,000
Arer. 6 years. 8.116,000 2,271,000|9,387,000 1,824,000 157,000. l,481.000je,868,000
Percent6yr».+. 1-5 Deo.'^'SIae. 8'4Inc. 34-7 Inc. •-9 lac. 81-8 Inc.llS'8 Ino.
1878-79
1879
United
Qreal
Britain.
in.
1,510,000 5,637,000 1,398,000
1879-80. 1.267,000 D,556,000 1,894,000
United Stata.
Bwror*.^
remarks we have already made
the cotton industry and tha
•wonderful proportions which It has now reached. By including India, the actual world's consumption for a series of years
would appe-or as follows
Si
Heptciiihei^November..
-
Till* line KlvvM tlio liiorcanccl porceiitaae In
t
1878- •79
.
307
11,941,000
10,161,000
,„
160,000—10,821,000
I,04a000
980,000
LeaTlngTlslblestock
Leaving Invisible stock
1,620.000
Total Tislbleand UiTlslble stocks at end of rear .
Tbe nsef aln(>8a of this mode of statin.e the supply and distribution is
that it f umisbes a compete check to estimates of consumption.
Mexico, Canada and otber
t This column covers cotton exported to
oonntries not covered by the Hguree of cousumpllun, and cotton burnt
in the United Stales, on the sea, and in Europe.
statement is instructive.
at the above
us that tbe position this country held in the
earlier years of the trade as a producer of the raw
Even a glance
First
it
material
tells
it
still
holds;
in
fact,
its
relative
position
has grown more commanding, the average supply from
all other sources for the first period, given above {1866-73
TBE (HaONICLE.
308
being 3,337,000 bales of 400 lb?, each, the seoood (1872-78)
being 2,023,000 bales, same weight, and the third (1878-84)
being 2,071,000 bales; but the United States during the
time has increased its supply from an average of 3>i
millions to ^% million bales, expressed in bales of the uniform weight of 400 lbs.; or, taking th? extremes of the United
States crops, we have about 2}i million bales of 400 lbs. each
in
in 1868-67, against about 8 million bales of 400 lbs. each
1882-83, and about the same amount again this year, 1887-88.
above,.
Still another and important fact is al-'o disclosed by the
and that is that the world's visible and invisible supply has
decreased this year, notwithstanding our phenomenal crop
;
in 1886-87 the total thus left over was 1,841,000 bales of 400
only
lbs. each ; this year (1887-88) the total so reported is
This does not look like
1,630,000 bales of similar weights.
the over-supply politicil economists are talking so much
about.
United States—With regard to the citton goods industry
in the United States, the yi-ar, though among the best (even
better than the previous year taken as a whole), has had its
lapses, the demand at times being disappointing, and the tone
of the market variable. But these have proved mere temporary depressions, the season ending much as it began, with
buyers fairly active, production absorbed, stocks in all cases
small, and prices remunerative. Of course such general state-
m»kes or goods with varying prea year since so many classes of producers North and South have been so prospered. The period
of least activity in Northern markets was the early spring
months. Trade had continued good through the fall and
winter, January and February being especially prosperous;
then came the " blizzard," which seemed to take the tone out
of the market as well as out of individuals; and being followed by serious railroad troubles in the West, interfering
materitlly with distribution while wearing the appearance
for a time of even a wider disturbance, checked the ordinary demand, gave currency to rumors of troublesome stock
accumulations, and to the whole market an air of depression.
By the last of May this condition was shown not to reflect
the real situation however it might apply to other departments of trad?, cotton goods, as a rule, did not share it.
Perhaps the advance in prices at that period of certain
standard makes of wide shirtings gave the incentive to the
better feeling; whatever it was, only a slight revival in the
inquiry was required to disclose that stocks were well in
hand, and that desirable makes w^'re sold well ahead. In
truth, through the whole season nothing but a little extra
movement in the market has been needed to bring out the
fact that few popular novelties or staple goods of any kind
were attainable for immediate shipment. Manufacturers
have been working, and are still working, largely under contract, and the shipments direct from the mills were never so
large as now. Then, again, a few years ago the methods of
business underwent an important change. Up to that time
distributers had in good part carried the stocks of goods;
since then they have shifted the load to the producers'
shoulders. Hence now, when manufacturers or speculatois
have no surplus, there is none. The past season the trade has
been remarkably free from speculation; so as producers of
leading goods have, as stated, been all the time under contract, any slight revival has taken off the less desirable makes,
which alonn have shown in surplus at any time during the
season. As a consequence, and also as indicative of the genments apply
cision;
but
to different
it
is
many
;
eral situation,
we may add
that
more
mills
invisible stock of the
bales;
has had a
raw material amounting
to 1,841,000
Tisible
and
New
York)
This regularity in price is the more surprising
when we remember the very absurd and wholly tinwarranted
crop estimate of 6,300,000 bales the Agricultural Bureau
made and clung to so long, the actual being, as now disclosed,
7,017,707 bales, or 717,000 bales more than the estimate.
It
was only the immediate and positive announcement of the
Chronicle that this Government " guess" was a wild one
which saved the manufacturing industry from a widespread
5 7-12d.
—
disaster.
Probably the most conspicuous feature in the demand for
goods, and the one which has done most to sustain the market
this year, has been the uninterrupted inquiry from the South
never before so large and constant. Western wants have
—
been more fitful a check to speculation and railroad building,
with only moderate crops, having lessened the needs of the
people. But in the South, the activity and development descriptive of the previous year have in no considerable measure
abated. The best cotton crop ever raised was produced last
season, and a fair price was obtained for the staple. Railroad
construction has kept up in that section all the time, and a
very large part of the total road built this year in America
will be in the Southern Sates. Besides that, capital is finding its way South in largely increasing volume and is being
put into industrial enterprises of all kinds, and with excellent
We can only refer here to cotton manufacture, and
results.
need hardly say that it has been abundantly profital)Ie. for
that has beea generally the case throughout the country but
at the South, this season has proved the best the industry has
ever experienced. We are informed from good sources that
the balance sheets of the mills show much better than even
the dividends have indicated. As a consequence, spindles
have increased about 10 per cent, and are increasing rapidly;
consumption of cotton has increased 18 per cent, and will take
another jump this year. In the end, and not long hence, there
may be another overproduction of those classes of goods
manufactured in the South, if we continue to shut out all
customers except those our home markets furnish. But at
all events, for the time being, this industry is not only growing but solidifying. It has passed its pubescent period.
We have continued this year a work we began last year, to
gather full information with regard to the operations, and development of Southern factories during the season. Within
the last month not only have we procured from each mill
returns as to the actual consumption of cotton in bales and
pounds, but have also obtained full details of spindles working, idle, and added, during the twelve months, as well as
the development anticipated in the immediate future. The
returns have been much more prompt and our success more
complete than it was a year ajjo, so that we can to-day give
the actual condition in these particulars of almost every
factory in operation in the South, and the additions in prog«
ress.
In a word, we have secured as full a census of the
Southern cotton mills in the particulars sought as can be
obtained. It was these data thus secured that enabled us
to speak of the year's excellent results as we have already
done above. The number of mills in operation have been
235, having 1.177,901 spinning spindles, against 319 last year,
with l,0iW,66a spindles, and 164 in 1879— the Census year
with 561,360 spindles. The aggregates of our detailed returns,
arranged in States, are as follows:
:
.
invisible stock of only 1,620,000 bales, or 221,000
bales smaller than
opened with. What is more, all this
cotton (about 10>^ million bales) has been consumed not at
dragging prices for the raw material, but on about as even a
cotton market as we have ever known, the price of low middling uplands at Liverpool for the first quarter averaging
it
Avtragt
Wo. 0/
SUita.
Af«l«.
n
Vlnrtnln
No. CftroUnft
So. Civrollim...
.
Geoiula
SpinaUt ioom* Ko. Tarn.
flo.ew
18«
Bala.
18.731
81
S40,OS1
a40,He
1.778
B.ses
B,S88
IB
88
ea
ia«
lOfl.OSO
8el,BS4
8,847
IS
140.481
14
14
95,065
14.706
8.817
80.4S5
Av'raoe
Woktt.
44H 1-3
PouniU.
8.88(1,888
443
453
459
85,008,478
48,087,168
464J4
11,836,847
8.667,B1»
4,511,941
8."t,6W),440
Florida
Alabama.
78,001
1.413
MiMlstlppl....
41,0M
Loulalana
SO,S0O
888
778
IS
new
production of 10,100,000 bales (against
and an average of 8,792,000 bales
for the six years previous to 1884-86), and yet it closes with a
it
8,427,000 bales in 1H84-85,
XLMl
5J^d., for the second quarter fij^d., for the third quarter 5J^d.
and for the last quarter (notwithstanding the- corner in
have made money
year than last year, bringing some withia the list of
dividend- payers which have for years stood outside the
favored circle.
Evidence of a vigorous undertone to the cotton goods market, not only in America, but in Europe as well, is likewise
found in the quiet, easy way in which it has absorbed our
large crop of cotton. The season began with a visible and
this
[Viu
8
000
8.108
ArkanMfl
Tonnemeo
B7
MlHtiotirl
Kentucky
TotUt,
8
1887-88.
Total* I88S-T
hi
8,080
910
88,480
«,6ao
8S.S00
1,888
ISO
13
10
013
8
1,188
34,794
9,100
8,086
45g«
474
470
470
464K
461
466M
Itl.OOO
(63.708
16,780,397
817,100
4,1011.430
1,117,801
87.6SS
1S)<
44S,87S
453-14 900,486,888
1.08«,e«8
94.805
1.18-3
888,406
460-88 in,«ae,674
addition to the foregoing there are now 17 more
almost completed, and about 40 more actually building, wliile we have reported to us by old mills 303,000 now
In
mills,
SSITIMBBK
THE CHHOI^ICLE.
10, 18e8.|
which they «tn(p it is their intention to put in in
Taking these fiicts in conno<^tion with the
of actual consumption—44:1, 37S biiles of 4!53X lbs. net
•pindlen,
tliR
DAii.r
809
mox sipt.
rRiCM or mnrrmo cloths
1897, to aoo. 31,
l,
tSM.
cciiuing year.
flgiires
weight this yftt',iiKaiii9t:WJ,4(i6 balesof 450-8a lbs. net weight
htst year and 188,748 halos of 4M Hm. net weight the Censui
yeir—one obtains an extremely gratifying exhibit of the
prrgiess made and making in this industry in the South.
Our completed ret urns for last year (1886-7) were published in
the Chronicle of March 17, 1888, page 3tl, to which wo
The
ref«r the reader if he wishes to make comparisons.
larges' additions in spindles duiing the year hive lieen in
North and South Carolina, but the largest growth in consumpand North Carolina.
Turning the reader's attention once more to the North, we
would remark that no department of the goods trade in any
section of the country has fared better this year than print
Following also, as the improvement did, a previous
cloths.
advance (it being the second year o' d-cided prosperity, the
tion of cotton has been in Georgia
the better of the two, and the third year of the new development), it brought the mills engaged in this work into
very comfortable .surroundings. The contrast, too, with
1884-85, a year when the outlook was about as unfavorable
and unpromising as it w 11 could be, imparts aa additional
last
glow
to the situatioT.
Dag.
sas
3
3'2H
3.
4.
t-iin
B
H.
3-25
good times might suffer an interruption. A labor
demand for an advance in wages culminated then and looked
qiite threatening. But business and contracts for future
d>livtri>s were too profitable to allow of any stoppage tbat
could be avoided without too great sacrifice. As a strike
would break contracts, there are cases when such an event
might not be an unmixed evil. This year engagements
ahead and for several montlis on profitable terms made a settlement f xtremely dpsirabl>>. And it was brought about both
at Fall River and Providence without any disturbance by a
readjustment of prices to hold good until the first of July. At
other cf ntres of print cloth manufactn-e the adjustment was,
we understand, on a somewhat different basis, but the re.sults
were not very dissimilar. Since July the old question has
been raised again. It is to be hoped that, if possible, some
sliding scale may be adopted which will be permanent, so
that this industry need not be imperiled every few months
by a labor contest a sliding scale which will permit the
manufacturer to prosper as well as the spinners.
At present, however, there is no doubt that the position of
the print cloth pro<lucer is exceptionally strong. Every ex-
—
ternal evidence points in that direction. First are the dividends. Taking Fall River, which leads in the number of
spindles in this department, as
an
illiistration, 'only
one
n
6
7
8
^^n
82S
9
10
.i-M
3-28
11
8.
i
3-31 3-79 3-44
S. 327 3-44
3-31 3-28 3-44
3-31 328 8.
f-Sl 3-29 3-44
3 31 8. 3-44
3-31 3-SI 3-44
S-31 H. 3-44
8. 3-3 344
S-31 3-31 3-44
8- IX J-81 8.
3-31 3-3") 3-41
3-30 8. 3-44
i
i
4-00 303
II. 4-00 363
3 62 4-00 8-63
3-75 4-00 8.
8-78 8. 3-63
3-7 4-00 3-63
3-75 4-00 3-63
8.
l-OO 3-t3
3-79 4-00 3- 3
3-7B 4-00 3-63
8-78 4-00 8.
3-76 8. 3-68
3-7i 4-00 3-63
3-78 4-00 3-63
8.
t-00 3-63
3-7S 4-00 3-63
3-8*',4-00 3-63
3-88 U'CO 8.
3-881 8. 3 03
3-8814-00 3-63
3-SB -l-oo 363
3t0
3 56
350
356
8-56
B.
.
'•
3-50 3-7»
"
<
U.
H
3-5rt
8a
,3
350 8-784001
8.
:i-7S'»00[3-88
3-.--J
'
H
1-88
!'88
.1-98
S-M» :i (111 *. 1 i«);3-8«
3-50 3-eo 3'75|4003-8S
3-50 3-69 3-81 4;ol 8.
3-50 8. 3'8'<4-00;3-S8
3-50 3-00 4-00 3'i)4 i3-88
8. 3-60 4-00! 8.
804
3'V8
8-28
3 28 3-30 3-88 3-44
3-38 3-38 3-44
3?t 8. 3-31 3-44
8-31 3-28 3-3- 3-4 •
3-2.«. 3-30
8.
8.
3HI IQ."! :i38 3-44
S-31 :^••2.^: s. :f47
331
:!i7
24
25
26
27
H. '3-75;4-00
Li-.-iS 3-!*-'
8.
;i-50l3'7.'i 4-, 013 7.^ 4-00
II. 3-8H
8 3(>3I 3 .\0i3-75: 4 0«i3-7.-)| 8.
3-2.'i, 8.
a-.'.o 3-f>S
36;! :i-r.oi s. 4-lH) 3'Tft,4-00
3 '31 3-2S:t-44 3 50
3-75 3-03 3 .'iO|3-75 4-00 3-754-00
3-31 ;(-.'5 ;f4i ;i'.'() 8.
;3-.^'
S. '3-75
S.
4-O0
3-31 S. 3-44
3-40, II
lOO
4 00 3-81 4-00
13-36 ....i3-78
.... 3-251.... 3'ti2 4-00
s-siU-oo
vn
3-31 :i-J5,3-33-4
8.
3-31 3-iS' H.
B 3--'5 ;ll I
3-31 3 25 3-44
Sal
3-5 3-6H 4-0Oi3-94 304
3-50 3-69 8. :3-943-94
3S0
9.
3
3-6t
II.
3-nn 4on'3 ss:304
3
;.
'
i94
00
,400
I
8.
00
,30'.) I
;-H 3-63 3-808-69
Ins 3-63 3-.'i03-Gl(
I
.-..
400'3-7.'i 4-00
331
400
28
29
40
SO
31
8
t
This record of daily fluctuations shtws an almo t constant
during the year. The start was on the first day ot
Mvsnce
September at 8-25 cents per yard and the close was at 4
But these figures become more instructive
when put in connection with the ruling prices of cotton. In the
following we give smh a compariso i for a series of j ears and
Sidd standard shsttings and Lanciistar ginghams, all th3 prices
being for the first of each month. It will b note i that print
cloths compared least favorably at the cIobj of last year during thi last two or thr<fe months; tha>, however, was only a
tejoporary diiprossion, which eztendei more or less to the
whole goolsmarkrt, and hius been remarked upoi previously.
With that exception the record is a record fiom beginning to
end a fa'r guide to a correct judgment of the change in
the position of manufacturers for the batter during the three
yea s. Subjoiaod is the table referred to, giving prices not
only in the seasoa just closfd, but in each ot the 8ea*jns of
1885-86 and 1884-85 as well:
last
cents per yard.
>
—
Tear Ending with Aug.
1
1887-88.
31—
1886-87.
1
II
1888-86.
P
mill,
the Davol (grossly mismanaged but now reorganized), has
failed to declare a dividend since January, the average disti-ibuted being considerably aI)Ove the corresponding six months
of the previous year. The better position is further disclosed
in the tendency now so apparent to construct new mills and
8.
3-75
3-56 8-5n 37,^
8.
la
IS
14
15
16
17
18
19
20
21
22
23
For a brief period in January it seemed
as if the
I
I
Cte.
Sept..
Oct...
Nov..
Deo..
Jan..
Feb..
Mar..
Apr..
May..
OH
0^
9J4
lOXi,
Oto
7«4
7^
7^4
T"*
Olt.
CI:
Tt
3-25i
i
7>9 3-31|
T>a| 3-26
Oto.
8%
!
Ct: CI:
6%
OljB 6%
8Hi8 e^
i
'
7>s 3-44. 811,8 <i%
Olt.
e<i 3-38
6%
';
CIt.
oisi,!
6^
3-80
3-50
7
338 9
CIS
~
cit.
Olt.
7 '4 3-23
7^ 3-00
7'4 3-25
7>4 3-19
TU 3-13
7«4 3*38
7
7
9S
9%
*
U\
io>,« 7M
7>9l 3-82 9
3-88 8I."i,8 0\
7
7
For about two years there
lOSn 7>9 7>« 4-00! 81»]« 7
3-50 8\
OH
7
was substantially no expansion; now we hear of four new
10
7>« 7>» 3-63 9«t« 7
3-44 8',fl OH 7'4 3-19
7
concerns as assured and possibly a fifth to be erected in the
7
3-SO 9>k
Sk 7«9 3'IS
7
07ig 7»« 7>«j 3-56!lO>«
0>«
3-22 8'i
7i« 3-19
7>i
7>a 3-.">0,10'ie 7
7
The enterprise which has started these ventures
city named.
J0%
7I4
3-31 8\ [0\ 7'« 3-19
7
seems to have drawn wisdom from past experience, for it is June 9»1« 7^ 7'a 3-75|lH,8
July
0\ 7>« 7'« 4-00 10' h. 7>4 7 3-25 8l»,«l63i 7>a 3-25
reported with regard to them all. that in construction provi- Auk... lOlg
7»gl 7>9l3-flll Sl>8
3-28' OH
7'4
7
B% 7«9 3-38
sion is made against over-production, each of the proposed
Note.— Stjcctlnjfs— Agents' prices (for Atlantic A) ttro irlv(>ii Printing
to
be
manufiuiturj
equippe.l
as
able
to
a
variety
so
mills being
olotbsni-o inaniifaotiirors' net pricca.
DlKciiuiit mi xtnndnr.l ahoetluM
of goods, so as to meet the chang 'a in the calls of consumers is almo.H invariubly 5 pi-roent For Liua'ik«trr KtnRlmniit tlieprloastn
which the market may demand. Besides, at the motuont the present seaaon a'-e not, Imt In 188^-86 they wore lubjeot to a discount mnglDir rrom 7'.j to 10 pcf cent.
there appears to b3 a real need for this expansion, fo' it has
The foUowin.; will further help to illustrate the relative and
beconie obvious tliat the supply of the product is no longer
equal to the demand printers' reqxiirements b'ing in excess improved condition of the manufacturer:
of th"? out-turn. One need go no further for proof of this
1888.
1887.
IfWO.
statement thsn the itocks of print cloths, which on the first
Jiin. I, S(< net. Jun. 1, S>tn«tlJan. 1. at* net.
of September, 1884 were l,3r».j,00O pieces, on September 1 1885
Soatbem 8 Turd sheetings.
| Sept. 1. S)<rot. Sept. 1. OMnet l-Mpl. t. AWnet.
they were 1,056,000 pieces; but from that date the amount in
Jun. 1. 6
J»D. I, BH
Jsn. 1, 7
Pepperell
R
Bne
sheetlnxs
<
sttxsk has gradually declined until now for two montln <ir more
^ept. I. 6
Sept. I, DM
Isopl. I. 7
no
surplus
whatever,
11
the total reported
Jun. 1,
there has besn literally
Jan. 1, lOM
Jan. 1. It
Wuntntta 4-4 bl'ota. eot'ns S
Sept. I. H
'Sopl.l. II
Sept. 1, 10^
on hand Sept. 1, 18?8, beinj only 32,030 pieces; as one manaJiui.
I,
Jan. I. 8
Jan. 1. 7M
SM
ger expresses it. " the printing mills are wanting the goods Ijonsdole 4-4 bleach.eott'ns Sept. I. 8^
Sept. 1. 8M
Sept. I.
|
" faster than they can be turned out and delivered." A glance
Jsn. I. Ml! not. Jan. 1. S^<nat.
SUM 4-t bleaohed eottons <
Sept. I, SKnet Sept. I.
at the record of prices confirms these favorabb \ lews: for
Jan. I. •W
Ju. 1, 6
when taken in connection with this activity ii demand. uii9 Sta'idsrd
prints
\
to
add
to the spindl's of old ones.
.
i
—
,
Ii
thnor
gains a full explanation o' the better condition of the manufacturer', who feel a.ssure1 that the present urgency in the
demand must
hold good throughout the year at Iea.st.
Following are the daily p-ices of print clothi for 1887-88:
8hlrtlng prints
|
jepci, a
^pt.
I.
Jan.
t,
Ian
I.
Sept.
I.
MoTB.— Qoods nut luarkol "net" 8nl\|ect to n
on plHln cottons and 10 per cent on prints.
B
8
dlsooiini
s
THE CHRONICLE.
310
[Vol. XLVII.
Such in brief are the leading facts bearing upon the history
requires brief
one o her branch of the trade which
of
the cotton manufacturing industry during the past season.
from
of cotton manufactures
notice. We refer to the export
retro- All producers, whether their work pertains to the farm or
a
unfortunately,
show,
the United States. The returns
narrow marmoderate, growth was the factory, are experiencing a period of very
grade movemen*. A steaiy, though
gins for profits. With that fact in view we cannot but fe?I
gone
have
we
now
but
years,
re^rded for the previous three
year closes are very well off. The
smaller than in 1837 but that cotton spinners as the
back to smaller totals -not only
that this takings and the consumption of the raw material have been on
also
show
details
The
1888
smaller also than in
the increase all over the world, and prices, though with temto almost every port we
decline is a decline in the movement
improved. American
Asia, &c. We sup- porary fluctuations, have on the whole
to
China,
to
America,
ship to-to South
close the year with some increase in their stock of
spinners
better
and
prices
better
the
pose this may be ia part due to
There
is
demand
The
at home.
official
cotton.
aggregates are as follows:
Year Erwiinj June 30—
Exports if Cotton
Manufaetura.
Value.
Do
Uncolored goods.. Yds.
Value.
Do
Other man'f 8 ot..Valut.
the year:
51,293,373; 32.788,113
86,441,298
$8,149,091, $2,230,567
$•",622,612
llo.76a,8T9 136.809,074 142.517,980 114,808,595
$7,812,947 $9,256,486 $9,281,170' $7,919,670
$1,677,630 $1,669,084 $1,579,673 $1,686,454
$2,579,808
67,792,413
$),003,77a
99,750,450
$7,503,861
$1,801,984
.
A similar
These are certai ily not very encouraging figures.
for several
given
have
we
s'lipments
India's
covering
exhibit
for comparison, It
seasons, and it is an interesting record
were
to go back to 1878
we
if
that
remembered
be
should
having been for
value
the
small,
very
be
total would
India's
million
that year o:-ly £663,000, or say less than 3%
was
while that of the United States for the same year
has been as below
$7,722,978. For the last six years the record
dollars,
Total
1882*3.
1887-88.
1886-87.
1884-85.
1883«4.
£
£
£
£
£
£
3.336.860
2.756.252
2,441,100
1.928.162
1.816,818
945.644
880,25*'
896,928
927.008
761.584
Twist ft yarns 4.077.886
Manufactures 1.1.50.537
r.227.923
bales. 7,017,707
tlie United States, as before stated
Stock on hand oomiuenoement of year (Sept. 1, 1887)—
49,004
AtNortUem ports
33,082 —82,086
Southern ports
Total crop of
M
A.t
Total cotton manufac$13,959,984 $11,836.6?! $11,885,211
tnres exported Value. $18.01S.lf-9 $14,929,342
OottOB.
4.882.504
1885-86.
3,835,510
3,838,028
2,853.170
would
18S4.
1886.
18S6.
1887.
188?.
54,440,936
Yds.
Colored Goods
their holdings are not as large as they
Still
have been had there been no corner in cotton and had the
crop not jromised well through the summer. The following
are the takings by Njrthern and Southern spinners during
2.578.382
fluures are given in rupees, and we turn them into pounds
does not make
iterllng on the basis of ten rupees to a pound. That, of course,
depreciation of the rupee, but under the c rcumstaices it
the
for
allowance
values.
probably makes the comparison as nearly correct as it can be made in
t»- The offlolal
The above exhibits a steady and rapid growth in this branch
of the cotton industry in India. The exports the past season
have reached, it will be seen, an aggregate of about 36 million
dollars, though the trade began with B}4 millions in 1876; the
2,155-
Northern Interior markets
84,241
7,101,948
Total supply during the .year ending Sept. 1, 1888
Of this supply there has been exported
4,638,981
to foreign ports during the year
Ues foreign cotton included
,
481-4 e-'O
" 530
Lesi American cotton re-Imported.... >
54.016
direct
from
West
Sent to Canada
—
'
BumtNorthaud South
AtNorthern
8,618
•
month
Stock on band end of
AtNorthern ports
A.t Southern ports
'
(Sept
1,
1888)—
146.593
34,632— 191,225
1,065—4,871.454
markets
interior
Total takings by spinners in the United States for year
bales. 2,230,494
ending September 1, 1888
Taken by spinners In Southern States, included in above total 443,373
rota' takings
1,787,121
by Northern spinners
B imt includes not only what has been thus destroyed at the Northern and Southern outports, but also aK burnt on Nortliern railroads and
in Northern lactorles. Every lire which has occurred, either In a mill
or on a r.iilroid in the North, during the past year, we have investig.ited; and where there was cotton lost, have sought, and in almost
every ease obtained, a full return of the loss.
These figures show that the total takings by spinners North
and South during 1887-88 have reached 2,230,494 bales, of
which the Northern mills have taken 1,787,131 bales and the
*
Southern mills 443,873 bales. The corner in, and high prices
United States exported in value about "7% millions in 1876 and for, cotton during the summer, and the favorable prospects of
The increase in spindles is not, the growing crop, have led our spinners to close the season
this year about 13 millions.
however, large or rapid, the total number of mills reported in with small stocks of the raw material. For this season our
1887 being 103, with 2,421,290 spindles and 18,536 looms, con- summary of takings and consumption on the basis of no
suming 726,276 bales of cotton of the average weight of 392 stocks in the hands of Northern spirmers on Sept. 1, 1875,
pounds.
reaches the following result. The width of our columns comThe a-^tual changes in the number of spindles in operation pels us to omit the results for the years 1875-76 to and iocludIn the
in the United States the p ist year are probably small.
ing 1881-82, but they are the same as in previous reports:
South there has undoubtedly been a considerable addition, as
1886-88. 1886-87. 1887-88.
we have already shown; and in the North, as the season closes, TakUigs and ConsumpVn. 1882-83.
Balet.
Balet.
BaUs.
Bales
likely
to
which
is
progress
b])—
Taken
there is evidence of a movement in
make
a substantial increase in the total if all the enter
Even in the West
prifles started are comple'ed as planned.
there are new mills in prospect, and we see no reason why the
development in that section should not grow with the country's growth, as some of the Southwestern States are well
situated for obtaining the raw material cheaply. In the matter of grain and flour bags at least there could be a saving if
During the
that section manufactured what it consumed.
past year we hive bsen endeavoring to obtain returns as to
the runniog spindles in all the Northern States. It is so extensive and complicated a work that we have no details we
can publish as yet. In the meantime we leave our total of
spindles for the North the same as last year, since we have so
far found nothing to discredit our running estimate, but
everything to confirm it. As to the South, there has probably
been about 100,000 spindles added the last two years, but
there are still quite a number of old and small concerns which
have been included in our total that are not now in operation,
and we cannot learn that there is any prospect of their starting up. For this reason we add only 25,000 to our Southern
spindles this year, having added 125,000 the previous three
years. The numbers, therefore, for this year and the previous
five years in the North and South are about as follows:
SpinMa.
North.
Sontb.
ToUI.
1887-88.
1888-87.
1888M.
12.275.000
12.276.000
12.200.000
12.100.000
12,100.000
11,800,000
l.v!60,000
1.225.000
1.200.000
1.160.000
1.100.000
880,000
13.500,000
1S.2S0.000
13.200.000
12,660,000
The Census year (1879-80) the total was 10,653,435, being for
the North 10,111,887 and for the South 542,042.
1,772.912 1.555.163 1.419,689 1.777.676 1.679.658 1.787.121
331.000 834,000' 266,000 340.00(1 397,929 443.373
Northern mills
Southern mills
Tot. takings from crop 3.103.9181.880,168 1,685,689 2,117.676 a.077,587 3,230,494
66,408
15,000
135,000
108.795
15,441
60.833
Stock held by mills...
Total year's supply.
2,164,795 1,992.958 1,701.130 2,132.876 2,212.587 2,296.902
.
COTi*umpt'n ieatimated)-
Northern mills
Southern mills
1.730.000 1,643,517 1,420.130 1,657,676 1.749.250 1.779.500
Total consumption
Tot. supply as above.
2,061.000 1,977.517 1,686.130 1,997.676 2.147.179 2.222,873
2,184,795 1.992,968 1.701.130 2,132,678 2.212.687 2.296.90*
331.000
Leav'e mill st'ks Sept.
334,000
266.000
16.000
1
340,000
136.000
897.929
65.408
443.37S
7S.0!i»
The foregoing leaves stocks in spinners' hands at 73,029 balesi
and shows that the United States consumed 2,322,873 bales.
Weight of B4le^
The average weight of bales and the gross weight of the
crop we have made up as follows for this year and give last
year for comparison:
'
Tear endinv September
Crop of—
Number
of bales.
Texas
Louisiana....
»t>9.701
1.780.375
1.
in
pounds.
1888.
335,471.895
859.137.760
\w6tght.
615-40
482-66
499-55
of bates.
754.263
1,764,151
1887.
Wtightin
AveraQt
potmds.
weight.
386,664,132
861.843,896
611-S3
483-76
107.645,200
4S6-03
411.778.885
47ra6
46»00
441.625
976.314
20t'.204.137
473-50
216,143
862.806
388.604
465.799.409
47ri0
815381
390,841.388
2:<2.'552
110,018.126
196,637
1,614,641
81,988. 788
419-88
407-90
743.86S.341
491-11
6.613.883
8.166,745.081
488-03
Alabama
?07.877
Georgia*.. ..
So. Carolina.
Virginia
No. Carolina.
9'.f6.887
!• 8.595,180
476.073.821
478-01
Tenn*saee.Ac 1.693.67H
82il,787,939
473-09
488-16
Total crop 7.017.707
3,408,068,167
486-85
-
Tear ending September \,
Numtier
treiflht
182.334.873
Including Floria...
According to the foregoing, the average gross weight per
bale this season was 48535 lbs., against 486-03 lbs. in 1886-7, or
SiPTEMBBR
0-67
lesa
lbs.
in,
THE CHRONJCLE.
1888.]
than
last year,
which indioatoe
Average
Orop.
Wttght
yumber of Bale*.
7,017,707
6,613,623
6,550,215
5,660.021
6,714,052
6,092,234
5,435,845
,
1882.
totitl
Beaton of—
1887-88
1886-87
1885-86
1884-86
1883-84
1882-93
1881-82
1880-81
1879-80
1878-79
1877-78
1870-77
1875-76
1874-75
Dal* of KetHpt of Firit Bolt.
7'SO per cent
weight of the crop. Had, therefore,
as many pounds been put into onch bale as during the previous
season, the crop would have aggregated only 7,008,000 bales.
Tiie relation of the gross weights this year to previous years
may be seen from the following comparisons:
increase in the
Weight,
811
Pounds
3.406.00«,167
3,16.^,74.^.081
per Bale
485-35
486-02
485-40
481-21
482-86
3,170,456,001
2,727,067,317
2,750,047,041
3,430,546,704
490'(!2
2„'58.5.H86.378
47567
6,5'!9,320
3.201,516,730
5.757,307
6,073,531
4,811,265
4,485,423
4,660,288
3,832,001
2.77-',4lB,480
48
2,400,205,525
47308
2.3O:i.»OH.0O7
2,100,46.1.086
2,201,410.024
1.786,934,765
1
-S.')
4(W-J8
471 -16
1883.
Ifo.
We all
to afford a
the growing crop. At the
same time it is a very suitable period for briefly recalling the
peculiarities of the season and the admitted facts which have
distinguished the growth. This also is obviously desirable.
It brings to mind data which one often forgets amid the
bewildering diflerences which distinguish later views of the
definite idea of the extent of
For however well observers may agree up to the
middle of August, about that date every year we are sure to
hear of floods, droughts, worms, rust, shedding, and the
thousand other ills the cotton plant is heir to, until it is only
the steady head which is not dazed and forced to believe that
the esr.h has wholly swallowed up its brilliant promises of a
out-turn.
few months back,
A first fact always needful to remember— which we called
attention to a yearasjo and which last year's yield emphasized
as well as attested is that the South is giving to cotton a
large acreage every season now, and that a full return to the
acre has never been attained since 1882. No one wli )8e
opinion is worth having, will we think claim that any State
—
raised in 1887 all that the land planted within
its
borders could
have produced; and yet the crop foots up over seven million
bales
!
A
second fact to
recall, distinguishing this
season
from the last, is that the plautinf?, start and early growth
were on the average less perfect and satisfactory, and almost
everywhere later; had the summer been as dry and hot as
that of 1837 the crop would necessarily have been smaller
than then, and it is by no means certain even now that
allowance will not have to be made in the end for less
plants to the acre. A third fact is that the weather since
a stand was secured (of course we leave out of the ac
count the good or evil effects of the storms reported the last
of August, and since then) has b^en just the wpather to carry
through to fruitage a crop the early growth of which was thus
faulty; lower temperature and frequent showers have been
the rule, and they were a necessity, for drought and high
temperature would this year have killed the plant where they
only ripened it last year.
The foregoing covers about everything that is known, except
that the crop is still a late one while last year's crop was an early
one. If one keeps all these facts in view, he can more intflligently apply the fall conditions as they develop. So far as one
can judge of a late crop from reports current the last of August, the promise in at least the Atlantic States and in Texas
was, at that date, for a better yield than a year ago; and so
we think it was in the other States two weeks ago, but what
change in the ptospects has come over the situation in those
sections since then must be left for further information and
future development. This crop, however, as we have already
•aid, is a late one, and might be hurt seriously by an early
frost.
Bearing upon maturity, we bring forward our data
with regard to the receipt of first bales and the total receipts
to September 1st of new cotton for sever-al years at leading
points in the South. First we give the dat^ of receipt of first
bales.
This year the first arrival was from Gtorgia on July H,
the same as last year. In 1886 Texas sent forward theearlitst
bale on July 16, and in 1885 and 1884 the first arrivals were
from the same State. In 1883 the first bale reached Albany,
Gaorgia, on July 5. But there is not much to be learned by
& first arrival the average of all the first arrivals is some-
—
what
of a guide.
1886.
1886.
1887.
1888.
Sept. 6
—
Aag.20 Aug.27 Aug.26 Aag.21 Aiur.32
Aliff.9a
Carolina
Aug.23 Sept. 3 Aiig.31 Bept. 6
WUiuirigton... Aug.23 Aug.23 Au«.2i
Sept. 1
Bo. Carolina—
ChiirlOKton .. Aug.l2 Aug.17 Aug.20 Aug.l2
Oeorgia—
AugiiHtn
Aug.l5 Aug.l5 Aug.lO Ang.ll Aiig.l2
Atlnntit
Aug. 4 Aug.26 Ang.22 Aug. 6 Aug.31
Clinrlotte
AuK.a.'t
AU({.2
Aug. II Aug. 3
Aiig.20 Ang.ll
Savannah—
From On.... Aug. 2 July 6 Aug. 4 Aug. 6 Aug. 7 Aug. 6
Prom Fin ... Aug.lO Aug.lO Aug.l9 Aug. 3 Aug.17 Aiig.22
Maoon
Aug.lO Aug. 8 Aug.15 Aug. 7 Aug.lO Aiig.lii
Columbus
Aug. 7 Aug. 7 Aug.18 Auif. 6Aug.l2 Aiig.l2
Orlfflu.
Sent. 4 Aug.22a«pi. 3 Aug.22 Aug.27
Albany
Julylljuly 5 Aug. 2 July 25 Aug.lO July 6
Floritla—
Tallnhassee
Aag.2l
Aug.21
Ans.lZ Aug. «
.
Juljr26
Aug. 9
July 31
July 5
Ang.l7 Aug. 7 Aug.ll Ang.18 Aug. 3
—
Jilabama
Montgomery.. Aug. 8
Molillo
Aug.15
St'lina
Aug.lO
Kufuula
Aug.lO
—
The Neir Crop and Its Marbntlng.
know that September is too early a da^e
1884.
—
Yirainia
Norfolk
Aug.
Aug.
Aug.
Aug.
6 Aug.l2 Aug. 8
7 Aug.l2 Aug.l2
5 Aug.l6 Aug. 8
8 Aug.15 Aug. 6
Aug.15
Aug.lO
Aug.17
Aug.l2
Aug.ll
Aug. 6
Aug. 5
Aug. 9
July 81
July 30
Aug. 3
July 81
Louisiana
New Orleans—
From loxas. July 11 July 10 July 20
29'july
July 28 July
27ijuly 19 July 29
^—•'
^ 2- Aug. 8
MlKB. VaL Aug.20 Aug.13 Aug.lO Aug.lO Aug.20
Aug.
Sliruveport
Aug. 7 Aug. 7 Aug.20
"'Aug.13 Aug. 12 Aug. 3 Aug. 9
'--
•
—
Mississippi
VIcksburg
Aug.23 Aug.15 Aug.20 Aug.15 Sept. 2 Aug.lO Aug.19
Aug.20 Aug.15 Aug.27 Aug.l2 Aug.24 Aug. 9 Aug.ll
Columbus
Arkansas—
Little Rook
Helena
Sept. 4
Aug.22 Sept. 4 Aug. 25 Aug.21
Aug.17 Aug.22
—
Tennessee
i
NnshvlUe
Aug.17 Ang.3l Aug.20 Aug.26 Sept. 2 Aug. 13 Aug.ll
.Sept. 2 Ang.23 Aug.27 Ang.l5 Aug.18 Aug. 10 Aug.ll
Mompbia
Kentucky—
:
Louisville
Aug.21 tAug. 8 :A'g.20
'Aag.13 Aug. 8 Aug. 4
July 9 July
July 16 July 10 July 25
DeWitt DcWitt DeWiti
rexn»—
Galveston
WliPTO
from
"
16j July 24 July 23
I^<'"'"* DeWitt Vicl'la Vlcflii
}
f^_
HO'JSton
<
|County|Co;ii.ty IcoiintyCounty County (.'ouiity County
July 5' July 8 July 22 July 22 July 18 July t; July 19
1
UeWltt DfiWitt
frnm J DoWitt DeWitt'DeVVitt DeWitt
irom
j county Coimty County, County
County County
Dallas
Aug. 4 Aug. elAug.lOi
July 31 Aug. I'Aug.IS
Wllfirfi
wuere
t
From
Georgia.
i
From Alabama.
In some respects a better indication as to maturity are the
new cotton to September 1. In 1880, and to a
greater extent in 1881, the speculation and corner in futures
led to the most persistent efforts to push cotton forward as
fast as picked.
In 1882 there was perhaps a little less inducement, but no hindrance to a free movement, unless the yellow
fever may have acted as such in a small district in Texas. In
1883 there were yellow fever rumors at New Orleans (though
as subsequently appeared, wholly without cause), wliich may
arrivals of
had some
possibly have
slight effect
on cotton
arrivals.
moved late, simply because it matured
was nothing to retard the movement, and
In
1884 the cotton
late.
In 1885 there
little
a fear of lower prices later on may possibly have
had some effect, for the supply during the summer had run
very low, and quotations were somewhat affected thereby,
notwithstanding the short time at the mills. In 1886 the
movement was without special influence. In 1887 the same
was also true, except so far as smaU stocks at ports and at
mills, and the oversold condition of the market, may have
stimulated it.
In 1888 the corner in cotton undoubtedly
hastened the movement; the yellow fever in Florida could
have had very little effect in delaying it. With these explanations we give our usual statement of the total amount of new
cotton received up to September Ist, for seven years:
to hasten
it
;
ARRIVALS OF
NEW COTTON TO SEKTEHBEH
1882.
Cliarlotte, N. C
Charleston, S. C
Ga
Atlanta, Ga
Siirannnh, Ga
Macon, Ga
Colunibua, Ga
1,450
.500
652
356
26
4,958
3,278
589;
356
535
688
47
200
448
325
6
674
125
650
365
1,196
1,226
37
340
10
G»
1
MontKOUiery, Ala. .
Mobile, Ala
Selnia, Ala
Eufaula, Ala
New Orleans, La.
Shrcvop «t. La
.
VickslMirji, Miss....
Coluinbu,'^, Miss
Nashville,
MeniphiR,
Tonn
Tenn
Galvestiin, Texas...
Dallas, Texas
Total
all
1884.
15
Augusta,
Roiuc,
1S83.
1
1
3
19
8
30
.*.
1886.
25
176
176
2
1,00.-*
196
121
552
57
1,653
1,034
163
6,506
4,012
462
247
1887.
1888.
8
23
2,750
1,000
2,106
79
506
36
9,823 16,334
•500
9881
448i
•300
314i
91S
12
4
Ij
347
500 •400 1,700 1,821
79
602
476
26 1,014:
235
645
45 2,500) 1,000
6-28
144
672
287 1,214
252 4,500 f7,20O 19,718 1,705
101
112
48
86
11
18
26
204
2
22
160
84
2
8
11
S
1
4
50
108
30
648
1
15,677 22,738
4.135
190
14
3
1885.
1.
6,735 16.563 17,717 11,456
•60
6
95
506
ports to
Septcmbor l...|26,253 31,424 6,902 24,004 30,313
er" .067 137,739
* Estimated
no returns received.
.
.
._.
Lontilana •
I Nearly all rhe new cotton r.^ivlve<l oamo by Morgan's
Texas RB.. and not lieiuK liillcd »« new. wo have no means of tlmUng
out about It. The above Is a close estimate.
;
H^OMCLi'.
THE
312
Sen Lslaml Crop and Coiisniiivtion.
Wr have again to acknowledge our ind^bte'ress for the
Sea Island
kindness o the va ious receivers and shippers of
to con inu ovir
ab'e
are
we
as.sistanc
wi
usthiough
cotton,
annual report of that
Tear ending
Tear ending
Sept. 1, 1888.
Sept. 1, 1887.
Towns.
j
Itecei/.ts.
,
'
Shi2>m'ls.\Sloel:,
Sliipm'ts. Stock.
Heceipts.
.
Augusta, Ga
Columbus, Ga. .1
|
•
•
[Vol. XL^'lI.
stajile.
^
i
Macon, Ga
i
M'tj;omery, Ala
j
Ala
Memphis, Tenu.'
Scluia,
;
Florida.
—
1887-88.
,
|
NKSliville, Tenu.j
Dallas, Texiis...
Palcst]ne, Texas
17,214
Bec'ts at .Savan'b.&c.biilcB
Keccipts at Charleston
Eecclpts at New York, &c.
Shipments to Livcniool
from Floilda direct
—
Vi. ksbiH'fr, Miss
Columbus, Miss
Eut'aula, Ala. ..
7,<!61
30.991
24.753
'i3,519
Receipts at S.aTaunali
Keoeipts at Charleston, ic
....-27,365
50—17,2 4
20,330
621- •20,954
17,214
Newberrv,
Tot.,
2,63C—9,957
_
2,222
45,137
How
y year ending
Srpl.l.
1887.
26 U
575
Floriaa
819,5.54]
853,301; 2,22^
927,434
931,535
Of wMeh
Crop.
—
to
leav'g
Sept.l. forDis
Suppl,
18i-. {trib-l'n.
„
.V,!)*^' Matre
«»""•
8,743
6,769
24,753
264
Slock,
Total
Ifet
8,830
6,829
i 4,7 53
8,564
6,i54
24,753
lo
.
\
sill
4,940 1,596
.
8-.4
6,2118
Tolul
the foregoing
Island this year
we
see that the total
39,571
is
147i 40,265; 18,665
bales;
beginning of the year (H41 bales),
the total supply and distribution:
TOTAI, KXPORTS OF COTTON TO I'OKEION PORTS
Exp'jrts (bales) to Foreign Ports for
parts.
Feom1881.
1886.
1885.
1,38(3
N.Orl'us. 1,603, ,947
Mobile...
45, 290
,452,980
57,537
1 338,21,s,l,
6,536
Georgia..
372, 973
419; ,000
526, ,372
273,710
359,799
372,620
339,9^5
S90,858
6,268
Texas
Florida ..
No. Car..
Virtinia
New York
915 20,5
Ho.'ston...
growth of Sea
and with the stock
we havo
SIX YEARS.
Tear Ending Aug. 31.
1887.
at the
Philadel
Baltim'ie
P'tlnd.Me
San Fran.
43,-30j
245,229;
556,536
47,416
336.286
401,920
336,718
862
3,751
3,5,85:
26
57,,762
47,242
274,510
656,541
65,86 i
345,450
73,213
313,689
847,341
189,637
62,920
172.412
4,924
953
401 ,713
77 ,528'
186: ,592
104:,48
248, 128
12.5,861
]11,2I!4
1,062
2,16.
789,448!
135,4641
67,109,
176,252
2,350
169,874
2,511
2,072i
,474,654 1,?>22,687
46,8071
62,488
277,616
495,767
423,7121
109,691
439,5771
847,853
153.314
55,535
132,905
!j18,981
895
239
39,571
Total year's supjily
JHstributed as follows:
Exported to foreign ports
Stock end of year
hales.
40,412
Below we givi^ a statement of the year's exports from each
showing the direction which these shipments have taken:
841
port,
•
+
OalvesA Char- Savan-l Korton.
leston.
nah.
folk.
I
hales.
New
i;0,580
Orleans. MohiU.
147—20,727
UnitedSt
241,-27
73,831
164,111
Tot. from
U.etates. 4.745,709 3,91G,579l3,939,495'4,343.991 4,458,326 4,638,981
bales.
in
287,621
440,230
333,956
3.446
121,903
467,761
the following as
This year's crop
Stock Sept. 1, 1887
Leaving for consumption
1888.
5,'-6
524
1
FOR
Ex
Philadel.&e
411,4121
7,975
In thu following we give the total foreign exports for six
years for comparison:
55
.
841 39,57l|
1,020
6,162
Shipments in this statement include amounts taken from
interior towns fir home consumption and amounts burnt.
Su.C'ar...
:
29,980!
22
179
592
3.480,259 3,4-9.036 15.375 3,374.490 3.399 ,020 23,830
....
1883.
5,602
1,331
'.'.'.'.'..
196
134
391
Exports.
Exiiorted
Distributed.
Texas
New York
Boston .. ..
From
74 -,036
66,215
27,780
31,627
14,545
12,515
77,204
26
Receipts and shipments at Louisville are nit figures in both years
•
7,735
39,571
Stock
Tc>tal...
1,434
13,(il5
new towns
Total,
Ports of-
Baltimore
641,1.:9
13,527
31,702
16,091
13,150
76,755
30,481
749,829
13,5271
47
•
8,561
A. 1, 1888.
Georgia
Louisville, Ky.*
Little Eock, Ark
18,440
35,466
16,828
13,598
66,673
28.409
645.887
on of the crop has been as foUovrs:
Sup^,^
B. Carolina.
1«,440
35,513
16,832
8. C.l
Bi-cnham, Tex..
Houston, Texas
7,327
—
distribut
t
Raleigh, N. C...!
Petersburg, Va.
Sou til Carolina.
Receipts at Ch'arlcston ... 7,348
Receipts at Beaufort, &c.. 1,694— 9,042
Deduct
478
Receipts from Florida, cfeo.
Tot. Sea Island crop of S.C.
Total Sea Island crop of
O.
Total, old townSj2, 061,02712,663,735 13,147 2,447,356 2,467,485 15,855
6.411
6,254
Tot. Sea Island crop of Ga.
the United States
Rome, Ga
Cincinuiiti,
,365
— 23,.518
Detlitct—
Eec'ptsfromBr'n8wlck,&c
I
Charlotte, N. C
St. Louis, Mo...
Ueorsla.
The
'
GrifHu, Ga
Atlanta, Ga
Tot. Sea Island cropof Fin.
Bece'pts from Florida
La
Shrcvopiti't,
478
.tes
bales.
19,685
Liveruool
Hull
Gltt-KOW
We thus reach the
conclusion that our spinners have taken
of Sea Island cotton this year 19,685 bales, or 831 bales less
than in the previous year.
The following useful table shows the crops and movement
of Sea Islands since the war
:
62,488 219,611
Other
York.
Ports.
462,454 588.445
79.825
70,637
"les
LDndon...
LeiLh
Havre
309,819
7,878
4,024
25,839
41i5,.359 2793,i,84a
79,',826
651
1.100
1 .661
3,864
13,441
915
1,834
4,,947
13.,441
1 .334
44,164
s.soo
7, ,275
406;,126
Q'riBtOWD.
Fieetwo'd
i
New
..
363
3B3
Marseilles
Bremen...
201.664
Uamburg.
Amst'd'm
12,131
Rot'rdam.
Antwerp..
Ghent. ...
ReVHl
Crunstadt
Foreign Exports.
737,497
{
I
54,718
7'6,5(j6
8,376
1,764
'3,496
3.775
80.004
17.20H
71,0S9
10.553
7,276
69,710
2,';co
47,148
7,650
23,675
i,e
70,43'
601,,310
85,,684
2,6 «8
11.853
3,403
4,050
9,,824
126, 116
17 548
6, 103
185, 095
2,
360
U, 587
Stettin...
Gotten-
—
burg
Chd.tiana
3.197
1,802
8,197
l,!i02
CopenbaBen
Norrkop 'g
Abo
7,927
1,2C0
1,982
7,927
1.200
1,96a
—
St Peters-
burg
Sebastop'l
Barcelona
MahiKU
Palm t de
Majorca
Santand'r
Pasages
15,48»
300
Trieste.
16,777
1,560
*
.
iVfbl 102.551
1H8.44I 4.021 627.;i«7 407,qp7 39,588 44i,«23
180,796
IttthS United Statei^*"''''"'
^"si^Pt'oi"
Morement of Cotton
Following
we give the
at the interior ports
of each jeir:
*» '"'s table Includes
"sbo
600
2.408
199
2,408
199
82.897
3.838
30
300
3'l,857
N. Scotia..
Total.... 1522,6S7
1,000
1.200
107.991
9,430
12,217
..
V.CruE.&c
Total
21,268
25,772
171,219
10,100
88
—
Salerno...
1,070
1,000
LCKhorn.
Naples ..
Genoa
2,380
10,418
65,677
10,100
1.200
78.686
6,848
.
3,391
15,3.54
.19.477
3,636
68,488 383.956 287.6J1 440,230 je7,7ei 918,981 608.98^ 4688.981
Includes from BrunsHlcIs to Liverpool 43,004 bales
;
to Barcelona, 2,400
bales.
....
burnt
at the Interior Ports.
total receipts and shipments o'cotton
and the stock on the 1st of September
+ Includes from West Point to Liverpool, 142,144 bales;
to Llvtrpo..!, 89,996 bales.
from Newport New»
t "Other Ports" Include: Prom Pensaoola to Liverpool. 3.418 bales. From
Wilmingtun to Liverpool. 74,45i bales; lo Q jeenstown. 1,334 bales; lo Havre,
B.39J bale.?; to Bremen. 29,582 bales; lo Ohenl, 3,403 bales; to Keval. 4.650 bales;
lo Antwerp, 1,017 bales, and to Barcelona. 1,0:0 bales. From Baltimore to
Liverpool, 11 1,312 bales; to Liindon, 639 b iles; to Glasgow, 100 bales; to Havre.
•^,^')5 Dales: lo Bremen, 40.^56 bales; to Rotterdam, 2,548 bales; lo Antwerp,
4 000 bales; and to Genoa. 251 bales. From Boston to Liverpool. 237,915 bales;
to 1 oiidou. 2(8 bales, and to Halifax. Varmoulh. Ac., 3,530 bales. From
Philadelphia to Liverpool. 65,995 bales, to Glasgow. l.OOO bales, and to Antwerp. 6,b38 bales. From San tYancisco to Liverpool, 239 bales.
SCPTEIIBEB 15
1(J88.J
I
HE
(
IIllONKLE,
313
UBH.
UM7.
»
(From our own oorruspomlttnt.l
The discount
London, Sept. 1, 1888.
rem lins uiitin expectation of the most far-Becing
rnte of
contrary to
clmnttt'il,
the
Bank
of Eng'aiul
anl tlioughtful bankers. For th-s moment tha withflrawals
of gold for South America have ceased, anil during the week
more than half a million sterling of t'le metal has been reI't'iv, d by the Bank.
Appu'eutly on this account the Direct"
ors do not think an immediate rise of the rate necessii y,
all the more as the bill-brokers have been obliged to borrow
from the Bank this week, indicatinK that the supply of motley
in the market outside the Bank is running short.
But an
early ivdvance in the rate i« inevitable, and it seems likely now
that the other banks will be obligKl t) follow the lead of the
OlronlatloD
Pjblle depoiiu
Olhar dapoilti
QoT«rniii«nt a«oarltlM
Otbar MonrltlM
IUMrr«or noteiandooln..
Colo snd bullion ..
Prop, uaeta to llabllltlM....
UH
Bulk rate
Oonioli
lOOM
CleartDK-Uonn return
But
t
»
94.4M.7aO M.70a.7H 2e.0M47«
I,H8.044
4,0S<.SN 8.S1B,IS4
•.tW.TT*'
«4337,ei7 «8,4a0.04» M,«»^lt St.0«B,t4a
IB.017.8M) IB.I0e.4M i3jaiiH.tm IS.OW.IST
:8,Hat.i79, ID.OTa.Ml
2tJ«l.274
I2.e8«340' ll.(lhZ.-<7l) 1I.|)|<,»<7 IB.ltMJMS
»i.a3t,s«o; ao.iirOfi»a 21,1117.118 24.4M,47S
i* 8-!a
44
4SM
4 D.
8 p. 0.
S P.O.
3M P.f
100 1-16
101
101
127.liS3.000 107,888.000 181.80:1.000 117.«08AI»
though farming
s ill the greatest single British
a small interest compar d with all the industries
of the Un ted Kingdom, and therefore the long-continued
agricultural depression, aggravated as it is by ihe present bad
season, does not prevent a continuance of the decided trade
improvement. From every district reporti are most encourBank of England.
aging respecting that improvement, and particularly the
The weather has again been very m.s aaonable thii week
revival in the iron industry is making headway. Orders for
Rain, thund-r and wind have combined to injure the crops,
rails continue to be placed from South America, the Australian
appeals
and it
inevitable that wheat must suffer in quality as
colonies and India, and within the past week or ten days a
well as in quantity. If gathere wet and soft, it will require
few American orders for steel rails have likewise been given.
to be largely mixei with hard, dry foreign wheat, and the
American orders completely ceased for a long time, and
importation of foreign vvheat may there'ore be larger even
these new orders have stimulated the market, as it is hoped
than was expected a short while ago. Naturally in consethat they will be followed by other much larger orders,
quence, the price of wheat has advanced, having risen from
and that therefore we are about to witness a more prosperous
le. 6d. to 3s. per quarter in the London market this week.
time as rega-ds iron than we have seen in this country for a
The statistics collected for the international grain market at
long whil-- past.
Vienna confirm the previous unfavorable estimates of the
Messrs. Pixley & Abell write as folio irs on the state of the
harvest throughout Central and Wts era Europe, but they
bullion market
give a much better account of the harvest in Southern Russia,
Gold. -The Bank hiisreoelved during the week £160,000 gold and
Austria-Hungary and the Balkan States than had hitherto has sold £88,0 0. There has beeu no demand In the open market.
Arrivals: £1.'>,0)0 from Chimi and £4,000 from the Cape. £32,500
been current. For instance, the harvest in Southern Russia
industry,
is
it is
•
1
and Roumania
age crop.
mind
tha>.
is
an aver-
stated to be about 20 per cent abovt-
Regarding the Brit sh harvest it is to be borne in
the Vienna estimate was framed before the un'a-
vorabli change in the weather this week took place.
The rain a d wind o' this week make more serious the
posi ion of British f aimers, already bad enough. Not only
has thi wheat crop heen damaged, as stated above, but haycutting has been arrested. The hay harvest is already
unprecedentedly late. Much of the crop, nevertheless, is yet
uncut, and a large portion which had been cut but not carried
from the meadows has been badly da-naged. The nutritive
quality of the whole is small, and it is feared that there will
be a scare ty by and-by of food for cattle. The barley harvest will likewise be exceedingly late, and it seems certain
that oats in the hilly and interior sections will in not a few
ca.ses remain uncut until the end of October or perhaps
November, But it is perhaps the hop crop which has suffer .'d
most seriously of all. The estimate is that the crop will not
exceed one- third of an average one, and that even of that
one-third much will ba diseased. The price of hops has in
consequence risen from 100 to 300 per cent.
The rates for money have been as follows:
for depostte by
§i
Trade
Bitti.
Diic't H'te
Joint
Four
Three
At 7 to 14
Three
Sir
Fbur
Si*
Stock
Monthsl Monthe Monthe Sfonths] Uonthe Months Banks. CalL Dat/a
London
!
- 2«« -,2 <a2M a^^m 2M43
- 2«® -|2}4® 3 O
~
2H« -\^* 8 W — 3 a - 3H» 3)M
3 • -!3 9
,2«i» -2T4»
»H» -j»«a
- 3 a - 3 « - 3«a - 3«»3«
8!<(l2J(; 2J«»
2X'4 -'2>«4_^ 3 a -3
July 27 iii 1H*H< 2 a
Aug. 3 2«2(*sa)ii29<®
"
10
••
3
S
3
3i 3
17^
2«'
"
Jl
«1
Hh
1
1
Hi
-1
-I
m ;« i«
IH
1«
,
^u«.84.
81.
Aug.
Interest at
Bank
Open
Bank
Bate.
Market
Hate.
17.
Aut.
1
10.
Open Bank
Open
Market Bate. iMarkel
Open
Market
Bank
2>«
2
2«
2H
2M
3
IK
2
3
3
3
Rate.
for bullion are reported as follows
aoLu.
Aug
Ijynd<m Standard.
80.
d.
«.
—
Bar Kold.flne
os. 77 9
Bar Kold, contain'g
20d«t«8Urer..oz. 77 10
Aug.
23.
».
d.
77
9
2K
BerllD
3
m
Frankfort
2H
3
3
IH
IM
8
HamburK
3
m
IH
3
8
8
Amsterdani
2«
2
SM
2
2X
Brussels
3
4
8
2M
SH
3
4
an
SH
3«
3X
9
8
6
3
4
B
8
Madrid
Vienna
8t. PeterabuFK.
Copenhatffin
4
4
S
S
e
3
4
2
m
s
London Standard,
Aug.
90.
Axm. S3.
d.
BarsilTer.
ot.
42
d.
MS
Bar silver, containingSgrs. gold.oz. 42 7-16
Cake sliver
oi. 45«
Mexican dol«
os. 4l«
77 10
^pan.doubli tuns .oz.
S.Am.doubloons.oc
4S1-IS
12 7-18
45X
41«
Some of the most influential members of the Paris copper
syndicate have been in London this week and have had interviews w ith representatives of the principal c ipper companies.
Noihing definite has been decided, but it is understood that
the way has been prepared for tome important arrangements
Thi objects that the membe.s of the syndicate
view are two First, to prolong the contracts entered
into with the copper-mining compmies from 3 to 6 years; and,
secon ly, to come to an understanding with the English cop-
by-anl-by.
have
in
:
The syndicate
per smelters.
professes its confidence that it
bnt ita'imitslhat it would gladly
conciliate the greater co.isumers of copper in this coimtry,
and that it desires very much to prevent a strong nati >nal
feeling growing up in this country against the control of the
copper market by French capitalists.
The following shows the imports of cereal produce into the
United Kingdom during the fifty-two weeks of the season,
compared with previous seasons:
all ojposition,
1887-8.
Wheat
1886-7.
5 ,16l).192
16,5 6,961
.cwt. 51.00j.106
19,41 -.652
Barley
Oats
Peas
14,444,213
2,528,812
2,525.168
18,<73.!».'ia
2.93:J,857
Beans
2,8.'.0.905
Indian com....
Floor
25.314,310
17.73S,3S3
,
31.18-1.135
16.857,244
»M
2!4
m
i«
i«
2X
2M
8M
8M
3
4
2)4
4
a
•
8
5
3
iii
The Bank rate of discount and open market rates at the
obief Continental cities now and for the previous three weeks
have been as follows:
1885-6.
49.703.608
9,!»04,577
12,020.7:19
2.141,563
3,114,173
31.7>2,7.9
14,526,362
ia84-5.
58,214,758
16.652.360
12.y5«.807
1. 928,4 1«
3,015,193
27,9111,345
16,397,210
Supplies available for consumption (exclusive of stocks on
September
1):
1887-8.
ParH
:
SILVER.
IMI>OKT8.
:
Aug
The quotations
UilH IH
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consoh, &o.
compared with the last three years
Batetof
"i ork. £:36,0()0.
£29,81 1 has brcn shippe.l to Bombay.
Mi-xicau Dollars.— Muxicau dillars have bi eu nearly nominal, some
small special rcquiremeu a haviug been lllled at 41^d.
can overcome
Inlereet allojved
Open market rata.
has been sent to India.
Silver.— Silver ha-< remained v.ry steady since our last, and although
there were some l«rK» amoimt.'i to hand from Chile, there wore uo seller*
under 4-.i ijftd. The arrivals are: From Chile. £80.000. and from New
1886-7.
traportsofwheat.cwt. 51.004.100
Imiwrts of Hour
17.736.383
bales of home-t;rown. 37,610,487
1884-^.
58.214.758
16.397,210
16,-.57,244
1885-6.
4'>,T03,608
14,526.:t62
32,012.693
41.831,397 40,53.>,i36
53,166,192
.106,350,97j 104.036,129 106,0^.367 115,151,404
Total
1886-87.
1887-88.
Aver, price wheat
week. 3«.-i. Id 30«. lOd.
Aver, prloe wheat ....season 308. lid. 33s. Id.
The following shows the
'
1885
6.
33s. 2d.
308. lOd.
1884-85.
3d.
2d.
33s.
33s.
uantitiee of wheat, flour
and
maize afloat to the United Kingdom:
Thi* week.
Wheat
qrs.
1,774,<K)0
Flour, cnual to qrs.
210.000
347,500
Maize
qrs.
1,078.000
198,000
1887.
1,764,000
161,000
1886.
1,693,000
19 ,000
333,000
306.00J
296.000
Lnni werk.
THE (CHRONICLE.
314
BnKll«i> Financial laailtetm—fet Oablt.
at London
daily closing quotations for securities, &c.,
week endmg Sept. 14:
are reported by cable aa follows for the
The
(Vou XL\n.
City Bank Statement for the weekending Sept.
We omit two ciphers (00) in all canes.
as follows.
New Vork
8,
1888,
is
Banes.
SurplHt.
Capital.
LegaU.
Specif.
Deposits.
(008 omitted.)
London.
gllTeT, per oz
OonaoU.ncw 2%
Hon.
Sat.
9839
for account
(In Paris) Ir. 34-40
10;i
14
U. 8. 4i28 0f 1891
132
0.8. 4s of 1907
59 »4
Canadian Paolflc
74 >4
Clhlo. Mil. A St. Paul...
do
FVch rentes
73
30
73 14
30 12
73
30 14
69 13
I21I4
57 J4
I2212
5714
12212
5759
12214
56%
Philadelphia & Reading. 27^8
11134
New YoA Central
27%
27%
27%
27 »«
111^2
Ill's
30 14
1S2
Erie common stock
lUinols Central
Pennsylvania
tfflmmciccial aufl
Fri.
Thurt.
4313
4313
43
42%
42>«
98 'i« 98»i6 981,8 98i6
98318
98%
981,6
983e
9838
987,6
84-22»2 84-10
84-47'a 84-3713 84-35
109 14 109 "4 109 >4 109
IO914
13214 Xl31»4 131%
132
132
5838
5t^38
59
5H>9
59^
420,6
d.
percts.
Wed.
Tue$.
66%
29%
29%
I22J4
5714
.5713
112
lll'Ss
27
1)2
mi^czlUu&ans %ew
•
$2,508,37(1
6,492,258
5,66-J,069
$2,188,170
4,657,835
$8,995,085
$8,384,801
$6,846,00;
$7,816,684
$71 779,942 $83,736,344 $87,875,868
194,688,630 218,330,255 238,180,375
*92,887,9.7
232,400,930
Q«n'l mer'dlse.
Total
Since Jan.
1888.
1887.
1886.
1885.
$2,722,735
*2,50i;,827
5,308,314
1.
Diy Goods
Gen'l mer'dlse.
City
Tradesmen's
Chemical
Merchants' Eich'nge
aallatln National..
Butchers' & Drovers
Mechanica' & Tradfti s
(ireenwich
Leather Manufaot'rs
aeTcnih National
State of New York..
,
422,7
1,600,0
450.0
Republic
...
& Fulton
750,0
& Traders
Park
North River
East Rive-Fourth Naiional
Central National
second National
Ninth National
First National
Third National...
S Y. Natl Exchange
.
.
Bowery
New "York Coitnty...
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending Sept. 11, 1888, and from January 1 to date:
EXPORTS FROM NEW YORK.
German Exchange..
Oermania
For the week..
tn
.
.
reported..
Total 36 weeks
1885.
1886.
1887.
$6,099,214
221,572,793
«5,491,170
210,342,788
$4,926,899
207,677,333
$5,304,272
194,590,7 19
$227,67.',007 $215,833,958 $212,604,232 $199,894,991
The following
Chase National
Avenue
United States
Lincoln
1,
EXPORTS AND IMPOBTS OF SPECIE AT
ExporU).
Since Jan.\.
Week.
Since Jan.i.
Ann. 23
Sept.
$6,388,830
$
$
3,954
$1,768
2,643,194
936,867
716,365
34,953
222.209
216,2
$10,000 $18,768,983' $166,210
47,810'
6,283,974 4,0-8,024
16,454' 37,031,684 1,852,631
$4,771,573
17.583,9 4
9,827,863
36,670
21,9110
Germany
6,322,975
5,008,668
West Indies
Mexico
South America
.
Total 1888
Total 1887
Total 1886
123,686
1,406
500
422,192
604,418
16,006
other countries.
1
Week.
Imports.
iUnceJan.l.
193,000
11,000
408,1
197,1
139,8|
77,4
35,51
3,024,0
2.661,5
2,656,7
4,065,1
1,708,6
3,350,0
6,291,5
6,389,6
1.880,2
22,937,8
23,224,4
2,282,4
1,398,6
16,856,8
9,228,0
4,163,0
5,549,4
23,139,6
5,995,9
1,283,1
2,648,1
2,947,7
2,615,1
8,666,3
3,9 3,3
2,901,3
2,706,3
4,203,8
3,639,3
2,416,6
1,820,7
3,906,9
2,145,0
3,096,0
2,001,0
9.516,3
195,9
102,2
200,0
262,0
690,41
238,8
1,619,1
3642,2
Legats. \Deposits.^
Specie.
*.
2,652
2,00
$204,000, $8,348,675
258,.')75
7,864,119
160,749
147,891,3
148,016,9
147,897,3
1
9,827,0
9,921,4
9,875,4
191,0
89,9
1,338,8
1,247,0
701,0
359,0
1,767,4
199,6
141,7
107,0
136,9
123,1
623,3
930,5
414,3
366,8
82,1
308,4
186.3
293,8
258,2
280,0
.322,0
126,0
1,351,1
CircTn ^Ciearin^.
3,308,0 115.218.5 6,782,0
3,185,2 114.860.6 5,763,6
2,869,7 115,903,0 5,758,3
29,389,0
97,612,6 2,703,2 53.535.4
28,498,0
97.667.0 2.699.0 53.166,3
28,019,6
96,825.5 2.702.01 59,137,8
We omit two ciphers in all these flgures. t lacludlng, for Boston and Phlla
delphia, the Item " due to ot her banks."
94.7.30.0
95,608,0
96,176,0
1
Auction
Sales.
—The
followmg were sold
MuUer & Son
7,328,1!^4
$4,652
$1,260,406
1,078
1,42 ,627
1,326,.545
54,012
at
Bonds.
Membership N. Y. Soc'y
$6,700 N. Y.
$6
Library
$44,681
112,054
85,593
159,944
27,883
12.147
818,104
recen>ly
auction by Messrs. Adrian H.
1
Since Jan. 1
69,324.6
67.543,5
73,068,9
Philadel. Banks.*
Aug. 25
Sept.
5 Consumers' Ico Co
7s. Consol. 8tk.,
1('8>4
61
l(-94
$6,000 N. Y. 6's
240 Great Western
54,957
466,157
All other countries.
,
Week.
$7,302,884
342,559
22,568
159,550
Germany.
West Indies...
Mexico
Bontb America
Total 1888..
Total 1887.
Total 1886.,
101,21
225,81
239,2,
Shares.
Exports.
Silver.
Great Britain..
France
344,8
481,4
14,34-2,1
288.01
290,4;
380,4'
Boston Banks.*
Week
Great Britain
France
6,N98,5
4,601,2
1,964,6
21.090,7! 4,423.1
19,308,9 2,066.4
1,947,9
157,7
1.267.8!
242,6
16,664,8 2,974.1,
7,631,0 1,107,0!
3,410,0
448,0
4,759,2 1,637,2
23,701,1 4,844,6
5,776,1 1,273,8
1,562,01
143,3
2,250,3'
725,0
2,329,81
647,5
2,737,0|
479,4
8,416,5 1,534,91
ll,\9i
3,803,0
2,369,71
158,3
2,336,1
259,8
4,139,3
899,7
2,724.6
758,2
2,175,0
398.4
1,436,0
333.7
3^310,2
763,0
1 891,0
287,0
2,388,0
464,0
475,1
1,680,0
10,510,1 1,126,6
8'26,0
388.749.6 87,'201.9 36.942.4!412.563.3 7,816.2 504,441,5
391,733.3 8-2,804.1 36,993,81412.132,3 7.773.0 501,823,0
392,741,7 78,86-2,4 34,8-26,7 1407,371,9;7,853,0 638,170,0
1
Imports.
126,0'
488,2
377.7
219,4
826,4
375,1
715,0
937,7
668,8
136,2
$
«
^'
,3
341, 3l
Loans.
^ pt.
roBK.
2,641,1
2,332,6
4,616,41
l,811,0i
93,0l
'
3.220,8
•2,949,0
60,762,7 40,866,6'392,741,7 78,862,4134,826,7 407,371,9
N. Y. Banks.*
Aug. 25
NEW
2,134,6
4,101,51
13,177,7'
216,4
517.7
661, Si
200.0
600,0
200,0
3,600,0
ToUl
shows the exports and imports of speci e
for the week ending Sept. 8, and
1888, and for the corresponding periods in
2.785,01
10,715,31
4,693,31
3.5'2,9;
300, ()!
seaboard
Sixth National
Western National
table
260.0
200,0
750,0
500,0
100,0
200.0
200.0
600,0
300,0
200,0
i.50,o;
Bank ol the Metrop.
West side
New York
at the port of
since January
1887 and 1886.
AU
.
aarfleld
Fifth National
1888.
I
8.93'2.7l
222,21
600,0!
500,0i
227,2
1,000,0 1,798,9
300,3!
i,ooo,o!
347,61
300,0l
1,500,0 3,606.5
2,000,01 1,704,C|
110,7'
240,0
115,3:
250,01
3,200.01 1,157,2
80'2,2|
2,000,01
200,0i
300,01
750,0'
253,9!
600.0 5,629,41
203,6:
1,000,0
116,9l
300,0
Nicholas
Shoe A Leather
Corn Exchange
OontinentaL
rltth
i
500,0'
600,01
500,0;
Irving
Cltiz»-n8'
6,109,4
556,3
289,7
760,6
493,4
220.8
466,5
971,3
233,9
354,9
166,6
620,1
700,0
Qormtn- Vmerican...
3,763.*^
1,458,2
1,000,0
Total 36 weehs. $266,468,572;$302,066 ,599 $ 326,056 ,243 $325,288^77
specie)
276,6
147,9
81,4
512,1
74,6
460,7
200,01
Peoples'
North America
Hanover.
Oriental
Importers'
2,895,5
19,806,1
3,369,3
5,284,7
1,885,8
2,176,0
1,164,4
3,444,0
1,333,9
1,255,4
1,000,0
1,000,0
Pacific
St.
4,159,0
10,2'20,0
1,545,6 16,564,0
5,000,0, 3,014,7, 20,352,01
Mercantile
Nassan
Market
12,8'J6,6
211,0
5,581,0
110,6
11,840,0
10,114,0
9,696.1
647,0
459,0
8,075,0
716,6 11,369,8
162,0
3,565,0
876,0
665,0 14,075,4
6,133,3
168,2
2,646,5
494,7
601,7 22,179,2
7,756,6
707,8
3,867,3
277,7
282,6
4,400,7
1,105.4
125,0
398,3
1,801,7
120,0
206,0
2,317,0
1,236,1
180,5
160,1
211,0
2,907.4
686,8
112,1
1,478,9
409,2
161,9
3,116,9
508,3
2,700,0 2.708,0 15,949,0
3,469,3 1,891,5 16,602,6
6.126,8
268,6
967,0
780.7
8,707,7
1,177,1
2,764,7
218,0l
197,4
373,0 11,363,7
2,634,61
4,890,2
655,2
541,7,
218, ll
2.606,2
127,0
4,454,3
657,4
323,0;
1,090,0
609,0
1,800,0
1,780,0
3,666,3
2,037,0
1,536.7
5,000,0
Broa*lway
Chatham
747,9
1,489.6
1,007.6
501,6
2,216,6
300,01
1,200,0,
Exchange.
Commerce
following are the imports at New York for the week ending (for dry goods) Sept. 6 and for the week ending (for
general merchandise) Sept. 7 ; also totals since the beginning
of the first week in January
FOREIGN IMPOBTS AT NEWTOKK.
For Week.
...
....
12,260,0
10,0-3,0
7,237,4
8,917,0
1,621,6
1,171,1
2,000.0
2,050,0
2,000,0
2,000.0
3,000.0
1,000,0
1,000,0
1,000,0
300.0
600,0
1,000,0
300,0
200,0
200,0
600,0
Mechanics'
America
Phenlr
Ameiio',.u
\
IMPOKTS AND EXPOKTS FOR THE WEEK.—The ImpOrtS of lasl
week, compared with those of the preceding week, show a
decrease in both dry goods and general merchandise. The
total imports were |7,816,684, against |8.667,381 the preceding week and |7,615,38.5 two weeks previous. The exports
for the week ended Sept. 11 amounted to $5,304,372, against
$5,518,651 last week and $5,233,312 two weeks previous. The
Dts Goods
Mei-ctiants'.
$
9
Bank of New York...
Manhattan Co
100 Chic. &
5 Metrop Conc't Co. (Lim.)
A Int.
Dock
Bond,",
1211s &lut.
1905
$2,000 N. Y.
Ins. Co ..$2 75
Can. 80. RR. Co. $20
7'8 Parka Imp.
$i
Fund Stk., 1902.. 143 »« & int.
50 W'msburgh Cit Fiielns. 2 76 $8,000 N. Y. 7'8 City Imp.
Ii4i3&mt.
60 Manhattan Oil Co. ..$5 pr. sh.
Slock, 1892
75 Bowery Nat. Bank
221 $2,000 N. Y. 7s Croton Water
Main Stk., 1900.. 13 •'is & int.
B >7ids.
$20,000 Selma Rome & Dalton
BH. Co. 2d7s, 1900 ... $17
$7,000 N. Y. City Parks Imp.
Fund Stock, 6s, 1901
$50,000 N. Y. & Oswefto Mid.
$10
122i2&int.
RR. Co. Conv. Bds
.
—
Of the above imports for the wees in 1888, $6,534 were
Attention is called to the notice of Messrs. J. H, Davis &
American gold coin. Of the exports during the same lime Co. in cur advertising columns in reference to the Hocking
$10,000 were American gold coin.
Valley Coal Company bonds.
We learn that or ly a small
United Stales Sub-Treasury.— The foUowing table shows amount of these securities remains unsold, and a large
the receipts and payments at the Sub-Treasury in this city
a« amount has recently been taken by investots.
well as the balances in the same, for each day of
the weekBalances
Date.
Rteeipls.
8«pt 8
'•
10
"
11
" 12
"
13
" 14
Total
,
—1 he
Payments.
1,805,748
3,046.905
1,796,470
2.000,496
1,857,444
2,211,808
3,079,000
2,200,766
1,766.332
1,902.365
12.718.880
12,930.887
Coin.
Coin
158,414.880
1.58,42.'.844
158.412,936
158.379.9!I0
1,9-18,9-6 158,473,789
1,993,438 158,569,4*7
Cert's-
19,768,697
20,875,850
20,889.913
21,154,759
20,928,859
21,127,062
Currency.
20,508,307
20,239,328
20,2^5,12,
20,131,353
20,129,912
20,056,431
SIX
CITY ©F COUNCIL. BI.UFFS, IOWA.
P£K CENT lltlPttOVEMENT BCNDS.
Issued for street improvements. Dated August and September, 1888,
and due In 2. 4, 6 and 8 years. Dem mination $500 and $1,000.
Interest payable semi-annually at the National Park Bank, New Y'ork.
Total Indebtedness ot the city, exclusive of this issue, $147,400.
A!^^^E^SED
&
$3,000,000 of Denver
Bio
offered by Messrs. Maitland, Paelpa
Grande 6 per cent bonds
& Co. were all disposed
the stockholders in tl.is country 8ubscribin< for
considerably more than the amount of bonds allotted to them,
and the
DMa&ce, not taken by Btookhplders, being sold to other
of,
paitiw
VALUATION,
ACTUAL VALUATION,
FOPULATIO!*,
.
.
•4,643, -340 00
-
OT«r
.
GRISWOL.O
.
it>,ouo,iion
00
3-'>,ooo
oa
OIL.L.ETT,
BANKERS,
8 ITALI,
A.
STKEKT,
N.
»
Sbftkmbbr
THE CHaONICLE.
15, WtsS,
She gangers'
816
UO^t
Prima commercial paper
per cent.
per cent.
(^VLZttU.
\»
quoted at aQ^.
—
UfVIDBNDSi
Exehanife. Sterling exchange was dull early in the weeic,
but later there Ima been a little better deinnnd.
The scircity
of freight room has been a chock to the free shipments of proBoota VUtnH,
duce, and hence the supply of commercial bills is still limited
{Day iixeluiivt.)
and rates are Arm.
An advance on Thursday in the liank of
England rate of discount to 4 per cent also had a hardening efa to Oot. 23
iect, and the posted rate for short bills was advanced ^c. to 4'81>.
2 to Oot. 14
To-day the rates on actual business were as follows, viz. Bank12 to
ers' 60 days' sterling, 4 841®4 8S; demand, 4 88i®4 884.
18 to Oct.
I
26 to Oot. \ft Cables, 4 89 fhSQi.
Commercial bills were 4 83i®4 83^.
30 to Oct.
Continental bills were: Francs, 5 23i®5 22^ and 5 20^5 19|;
16 to Sept. 30
reichsmams, 04f®U5 and 95f®06i; guilders, 40^1^40^ and
12 to Oot.
1
The toUowinK dividends have reoently been annoiinoed
Saint of Company.
Railroads.
Mllwanlinn
.t Si. Paiil, pref.
Mtkliuiiliii; Viil. (iiunr.)..
til Bank'gCo. (iiiiar.)
(ti'iiriilit
I,(liii:h Viilloy (i|iinr.)
Clilp.
Cleve.
A
KK
:
Mniiliuttaii ((luur.)
Missouri riuillc (ipinr.)
Naali. Cliutt.
Ht. IajuIs (quar.)..
New Castli' & Htnver Viil. (qiiar.)
H
&
Now Haven A Hart. (<|Uar.)
Pitt*. YouiiKStowu & Asli., prof..
N. Y.
Piovldence
&
16 to Sept. 'J I
13 to Sept. 30
Worcester (quar.)..
Inaurance.
Broadway
Sept. 13 to Sept. 30
Jetlei son
miacellaueons.
Plilladeliiliia Coiiipniiy (montbly)
Qiilokailvor Mining, prof, (quar.i
western Union (quar.)
Sept.
Oot.
Oot.
25 Sept. 15 to Sept. 25
1 Sept. 19 to Oct.
1
1,5
Sept. 21 to Oct.
U
40t®40i.
United States Bonds. Government bonds have been a
trifle more active the past week than of late, but the business
is still very restricted and prices have been firm.
The purchases by the Treasury Department were small until Thursday,
when larger amounts were taken; but the offerings of bonds
—
are relatively small.
WAI.L. STREET. FRIDAY, eieptember II, lNMM-5 P. M.
The total payments made for bonds purchased from April
The MoncT Market and Financial Situation.— There has 23 to September 8 were |48,455,908. The statement for thia
only been one topic of interest this week in Wall Sireet, and week is as follows
The passing; entirely of the
that was the St. Paul dividend.
4 Per OmU due 1907.
4M Per Cent4 due. 1891.
common stock dividend and reduction of 1 per cent in the
Oftrinys. Pwreh'n. PricMpald. Q/eriHV. P»re*'». Pnet$tMM.
semi' annual payment on the preferred went so far beyond any|27i<,100 t
thing that had been predicted that the Street was taken by sur- Saturday
145.000
$45,000
189
Monday
1,501,500
1,800
188.189
"l08«
1,9.0
1X08.600
It
prise, and on the St. Paul stocks the result was disastrous.
Tuesday
276,000
700
700
U»
is useless to waste words either in criticising or defending
Wedn'aday.
292.800
16.800
106 88
189
1,000
1,000
the directors, as their action has been taken and cannot be Tiiarsday... 8,518.000 l.BOO.OOO 108«-I06-90
. .
—
The executive officers of the company are also
practical railroad men, ani in advocating the course pursued
they 6re entitled to have credit for sincerity in urging a measure which they really believed to be essential for the best
interests of the company.
The main point of interest, so far as the stock market is
concerned, is the probable effect of the St. Paul action in the
And in seeking an answer to this inquiry it is well to
future.
remember that the extraordinary events leading up to the decrease of 11,787,005 in the net earnings of the St. Paul road in
a single half-ytar, as compared with the same period in the year
previous, were the t-rowth and development of a considerable
Nor did these events affect St. Paul only,
period of time.
for Vice-President Bond very justly remarks that the Burlingrevoked.
ton, the Atchison, the Northwestern and presumably the Rock
Island roads have all shared in the heavy losses of net
income. The building of numerous lines of railroad west of
Chicago, the division of business, the severe and often unreasonable cutting in rates, the Inter-State commerce law, and
finally the attitude taken by the Riilroad Commissioners in
Iowa, have been the causes which have led up to the pro
digious and unprecedented loss in net earnings on certain
Western roads in the first half of 1888. Chief and foremost
among these difficulties, however, was the reduction in rates,
and tills in many cases might have been avoided. Perhaps it
is not too much to say that if one roid only, the Chicago Burlington & Northern, had never been built, the present emergency for St. Paul would not have occurred certainly not to
the same extent ia the loss of net income.
How long, then, will the difficulties with these Western
roads last? This is not an easy question to answer; and predictions in such matters, even when substantially correct, usually
Some hopeful features, however,
fail on the point of time.
may well be noticed, and in the first place the traffic of the
Western roads is very heavy and is likely to remain so; in the
second place it is but a truism in railroad history to say that
quarreling over rates and cutting them down below a paying
but
a
temporary matter, and the
trouble
basis
is
is sure to euro itself in time; negotiation rather than assassination must be the method of our railroad managers in the
long run. Finally, as to the State Commissioners, a check has
already been placed upon their arbitrary action, and the
question between them ani the railroads will eventually be
s fted down to one of fair and reasonable rates.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing Ilouse banks
—
1888.
Sep-. 8,
Diffr'netfr'm
Prev. Week.
1887.
Sept. 10.
1886.
Sept 11.
60,762.700
Capital
Surplus
49.H'6.60fi
Loaua and
dt8C*ts. Hi)2.7ll,7ii0 Iuc.l.i)08,200 347,4-12.900
78,862.400 Dec.3,941,700| 68,l-.i0,400
Specie
S.ll><.'_'i:0
Ini^.
80,(K)0
Cheulation
7,8 3.01
337 ,(i:n, 800
73,:5!).40i'
8.0- 0,600
407.371. 9i« D/e.4,760,4 00 342,83 7,500,34 5.7fi8 oOO
Legal tenders
34.826.701 Deo.2, 168,900 2I,743.3oO 20,901,800
Le{(al reserve.... 10'.,842,975iDco 1,190,100] 85,709,375 86.427,121
Beserveheld
113,t89,100!Uec. 6,110,600 89,863,700 94.061,200
Set deposits
S
mi
lift
re»erve.
11.846.125'Dec.4.«20,500l
4,151,3251
7,634,075
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1^ to 24 per cent,
with 4 per cent an exceptional
rate.
To-day the rates were
8,010600
Friday
Total.
756,000
.
..
15,619.100
515,000
106-98
8.433,000 I0e)i-106'98
15,177,300 106H-108
1.760,800 a:128M-ia»«
S.OOO
189
8.000
13,663,850 11.812.800
128-180K
SlnoeAp.2S»
89,086,490 ja4T0-l49«
Since July tall purchases (tl7,440,5C0) have been applied to tlie ginliinK Fund.
The
closing prices at the N. Y. Board have been as follows
[Interest
\
4188,1891
Periods
reg. Q.-Mar.
Sept.
..
Sept.
10.
•106^
no6%
4>98, 1891
coup. ( ,-Mar. '10611 •108%
48, 1907
reg.k .^an. n-28
128
ooup.l(;.^an. •'.29
?12S(18
48, 1907
•120
6e, onr'cy,'95....reg. . . dt J. *120
68, otir'cy,'96
reg. J.
J. •123
•126
reg. J.
J. *126
68, cur'cy, '97
68, our'oy,'98....reg.lJ.
J. -128 >« •128 '«
•131
reg.iJ.
J. •131
68, our' oy, '99
A
A
&
A
*
Tbts
is
123
Sept.
11.
SepL
12.
Sept.
13.
Sept.
14.
•106\'*106% •106% •106%
•106% *106% -106% •106%
128>4' 128>4 •128U •128 ^j
129'4 12914 *129'4 129i«
•121
•121 •121
'123 •123 •123
•126 •126 •126
•128>«^l28>a*l28
•131 1'131 l'131
•121
•123
•126
•128
•181
the prloe bid at the luurnliUtDoar d ; no tcUe was miMte.
—
State and Railroad Bonds. State bonds have been almost
entirely neglected at the Stock Exchange.
There has been a good general and well distributed business
in railroad bonds all the week, and the market was quite strong
up to Thursday, when attention was much diverted from
bonds and drawn to the stock market. Fort Worth & Denver
Ists showed some extra activity at advancing prices, and there
has also been an improvement in Chesapeake & Ohio reorganization certificates for the coupon 43 and currency bonds. Reading incomes have had a moderate business and are little
changed.
Baiiroad and JKisceilaneons Stocks. After a somew at
irregular but generally firm tone early in the week, the market
suffered quite a severe break on Thursday on the efinal announcement of the St. Paul's dividend policy, the uncertainty
in regard to which has been agitating the Street more or less
While a reduction in the dividend on
for some time past.
common stock was thought probable, and passing it altogether
was considered among the possibilities, the reduction in the
The announcement
rate on the preferred was a great surprise.
was made on Wednesday afternoon, and the opening on Thursday was at important concessions from the previous closing
prices, affected also by lower prices at London and the selling
in St. Paul, Northwest and a few other stocks was very active,
and prices throughout most of tne list gave way more or less
under the pressure. In addition to the St. Paul dividend
scare there were a few other points of unsettling influence,
such as the advance in the Bank of England rate, the bidding
—
;
up of money here, &c., though it is safe to say that these would
have had little effect of themselves.
Prior to Thursday the market had been generally strong,
particularly in several of the stocks that have lately been
inactive, such as Columbus & Hocking Valley, Tennessee Coal
& Iron, Richmond & Alleghany, Pullman Palace Car Co., the
Chesapeake & Ohio stocks, &c. The Villard group, the Norfolk & Western stocks, and various others, were also specially
strong, and there was a sharp advance in Manhattan, which
was not sustained. The Vanderbilts were also a feature in tha
early dealings, having had good support and advanced, Lake
Shore selling up to OOJ on Tuesday.
To-day, Friday, the market was generally weak, led by St.
Paul, which declined on further large »ales to 63J, closing at
64|; Northwest sold down to 1104 and closed at 11 1 1, while
other leading stocks were relatively stronger than tliesa
grangers, and in the last half hour of business there wa* quit«
a rally in prices and a better tone all round.
THE CHRONICLE.
316
8T0CKS-PEICE8 AT
N.Y.
[Vju xlvil
STOCK EXCHANGE FOR WEEK ENDING SEPT.
14,
AND SINCE
HIGHEST AND LOWEST PRICES.
srocKB.
Active
RR.
Stocks.
& FaoiUo
Oanadlan Paoltlc
Saturday.
Monday,
Tuesday.
Wednesday,
Sept. 8.
Sept. 10.
Sept. 11.
Sept. 12.
*9l3
.gig 10
•56% 57%
Attantia
9''8
9%
57%
52%
90%
36%
5218 52%
9014 91
36I3 36%
1131s 114
32% 52%
Ottnada Soutliorn
91
91
Central of New Jersey
37
36
Central PaciUc
•llSifl 114
CWcai-'o Burlington & Qulncy,
70 13 71%
7238
Tl's
Paul.
OUoago Milwaukee & St.
II2I4
pref. II214 1121a 111%
Do
II5I3
II414
115%!
IISM
Ohloaso & Northwestern
pre'- *145ia 1461a xl44 144
Do
IIII3
IIOI3
112
1121a
Paclflo.
Obloago Rock Island &
I4I3 15%|
131a 1438
Ohloago 8t Louis & Pittsburg.
3714 38%'
35ifl 36 '8
prel.
Do
4II3!
ilh 4158 41
Obloago St Paul Mln. &
pref 109 ifl 109% 103 13 10913,
Do
60
5913 60
13 60 %
Ueveland C!ol.Cln.& Indianap
31'8 3214
321a 35%
Columbus Hockint? Val. &Tol.
14434
Delaware Lackawanna & West 114 144% 143% 21
19%
1912 1913
Denver i Rio G assessm' t pd
oOia 5OI3
501a 521s
pret.
Do
10% 10%
1014 IOI4
East Tennessee Va. & Ga. R'y.
*71
72
72
Istpref. -71
Do
«25ia
25
261s
25
pref.
2d
Do
92
*89
9013 *89
BvansvlUe A Terre Haute
24I3 2413
2414
23
City.
.
.
Fort Worth & Denver
10 la II14
Ills Ills
Green Bay Winona* St. Paul.
1191a 11913 120 120
niluois Central
I9I4
19
I814 18^8
Ind. Bloom. & West
33
33
331a 331a
Kingston & Pembroke
18% 18%
18'8 18^8
Lake Erie & Western
5414
54% 54
54
pref
Do
Lake Shore A, Mich. Southern. 97'8 9814 9714 98%
'93
94
95
*93ia
13
Iiong Island
6OI3 60%
60% 601a
Louisville & Nashville
43
43
411s 411a
Louis. New Alb. & Chicago...
95
95 '8 95% 97
Uanhattan Elevated, consol..
'86
86
86%
Sdifl
Michigan Central
*53
*53
56
56
Mil. Lake Shore & West
9-^
•90
*90
92
pref
Do
714
7
Minneapolis & St. Louis
16
16
pref
Do
•1314 14
I314 13 14
Missouri Kansas & Texas
83
83% 82 la 8313
Missouri PaolUo
Ilia
11
10
10
MobUe& Ohio
8413 85%
85
Nashv.CUattanooga& St. Louis *84
New York Central & Hudson. 108% IOJI4 108% 108%
18^9 18'8
18% 18%
New York Chic. & St. Louis. .
7238 723s
72% 72%
Do
Ist pret.
41
4114 4112
Do
2d pref.
411a
2913
Hew York Lake Erie & West'u 2938 2918 29
6678 67
66% 67%
Do
pref.
New York & New Eugland
43% 43 12 4213 43%
17% 17%
New York Ontario & West
I714 I714
New YorkSusq. & Western... 10% 10% iOia 11
35I4
35%
Do
35
35
pref.
Norfolk* Western
21% 21'8 211a 22%
57I4 57%
5613 .17%
Do
pref
Northern Paoiao
28% 28% 28% 29%
6314 631a
Do
prof
63
63%
Ohio & Mississippi
25
24% 25^
25%
Oregon & Trana-Continental..
30% 31% 30% 31%
Peoria Decatur & Evausvllle.
26% 2712 27
27%
Phiia. i Koail. Vol. Trust. Cert.
53 13 54%
5418 51%
Biohmond& WestP'tTormlaal 251a 25% 25% 2j%
—
Om
.
St.
Louis
<&
Do
Do
72%
Ist pret.
Bt Paul cSt Duluth
3"2%
7314
113
57
6OI3
Wabash 8t.L.&Pacitlo.
Do
...
nrof
Erie, pref..
WheellHK* Lake
nilsceflaueou* Stock*.
&
Iron
OonsoUaalcd Gas Co
Delaware & Hudson Canal...!
Oregon ImprovementCo
',
!>*•
&
OregoQ Railway
Nav. Co
Express Stock*.
!"""
FarKo& Co
liiaeiive Stocks.
Wells,
American fcl.
Chesapeake A
Do
Do
(Aloago
&
6913
"g'e'ii
37%
168
84%
*90
»109
l!!Il!IIli
United States
Cable Co
O., reorg. cert
Ist pref. reorg. cert
3d pref. reorg. cert
&
East. Illinois
pref
ranoln. Ind. St Loufs & Chio'"
OInolnuau Wash. & Baltimore.
""
pret.
Housiou & Texas Central
1*0
Manhatlau Beach Co
Memphis A Charleston.
120
19
*32
81
94%
00%
•53
56
9%
117% 117%
1
18
400
71% 72
41 14
29 14
66I4
43
1
4II4I
29%
66%'
41%'
17% 17%
10% 11
35
30 14
21% 22 '4
57%
2914 29%
63% 61
25% 2ij%
31
31%
26% 2714
5J% 51%
25% 25%
57
73 14
9U
*.f2
114
38
26%
J
24% 25%
61'4 61%
14% 15
27% 27%
58% ^9%
119%
'US
60%
14
21
58%
37% 37% '36%
82% 82% 8I14
•68
'100
1
95
81%
8314
83%
16
13
14
I314I
I
14
41%'
I
93%
89% 89%
2%'
5
5%
16
17
•10
11
52
I
I
19
11
16
40%
93
87
88
I
2%
5%
'2%
•514
19%
-10
I
32% 33%
(Dnl tsted.)
Xhese are the prices
do
sale
26%
was made
at the
33 %l
2,0jO
87%
3%
5%
20
11
'i"ii'%
i"4"6
'228
235
10
Board
95%'
}
9234
Prices
(mm
i
1
Apr. 12 150
340 106% Mar. 22,111
3S9 67 Jau. 4 80
15 137
.^^28
Jan.
19143
10% Aug.
10
40
12
K%
3,200 47
131 135
.. 213
1,:U0, 10
400 13%
260
9
300 33
95
both Excluiuges.
l.»,723|
18,700
//.W^Mo
May
Apr.
July
Jan.
Jau.
Mar.
Mar.
Mar.
Mar.
Aug.
5
16
16
2
7
3
4
22
26
24%
19
31
16
Mar. 27
July 6
Mar. 22
Apr. 2
25
Mar. 21
«%
200, 35
1,100! 10%
2,736 17
31
Aug. 11
Sept 12
16% Sept 12
26 17% Sept. 12
19 43% Jan. 30
2 94% Jan. 26
1
414 Juue
47
21
July
Mar.
81
19
Aug. 1
Sept 12
Aug. 28
June 23
89% Mar.
971 63% Apr. 2 90 Sept
300
1% Aug. 31 4% Jan.
100
1
2
9 106% Fel). 15
Sept 11
3 173
2 85% Sept. 10
3.905
30%
38% May
2
11
24
Aug. 28
sept 10
2,107% Aug. 6
May
2
2, 97
1
1,663
1,823
1
38% Feb. 17
83% Sept 4
Mar. 29
iJuly
Apr.
Apr.
July
1 Apr.
Apr.
32)
May
60% Aug. 7
2
Apr.
July 17
38% 38%' 37% 33%
94 '4
Mar. 24
3
Jau.
11
»ll% 12
13
3
Sept 5
Jau. 3
19,715
3,892
16%'
3.967
41 14
1,600
93% 9,043
'9
•9
8
Aug.
62
16
30
Jan. 12
*15
1414
'4*
2634 Sept
23%
70
38% 3s
32% 33%
38
39
38% 39%| 38% 39
95% 96%' 91% 96%l 91
95%
bW and asked:
1
6
565
15% 13
30% 32
im
31% 32%
Feb.
7
3 120
Mar. 29 71
17% 18
14
15%
41%
93%
514'
6
July 30
Jan. 27
Feb. 24
Apr. 27
Sept. 4
Sept.
J uly
Jan.
8,515
8414 112,796
liO
109% 111
•79
80
•138
113
16
14
14
2
171
>146
!
*
90
J
1.982
2!i"f"7'6
83%
150
1,370
6,551
5,915
*89
170
170%!
J
9>i4
80% 80%' 81
I514
Jan. 10
Jan.
3
Jau. 9
Juue
Apr. 2
Mar. 27
33% 36%
9434
90
145
60%
14% 14%
26% 27%
5714 58%
59 14
36% 37
81
8L%
II6I4IIS
70
7')
>100 103
118%J
100
1.50
June 11
!
'101
26
Apr.
2
I
74
90
33
72% 73%
113
57
1
I
111
110% 111
79 %l 78% 79%' 79% 79%
142 '138 142 '137 142
'137
I
600
623
2,493
1,254
2,908
12,520
3,355
I
Amer. Cotton Oil Trust
Pipe Lini' CcrtiilcaUis !
18
43
. .
.
10
200
52
54
MorriD 4S£ Essex
144% 144% 114% 146
141%;
N. Y. New Haven i'ifart!!!!' 229
'230
233
235
Ohio Southern
•15
16
15% 16% *1.>% 10 '4
Oregon short Line..!!
•33
"
*33% 35 I*
3414
Quicksilver .lUnlug Co" .11.'
*9
•9
10
10
l^o.
pref.
•36
•36
37
37
Rich, i Alleghany, ass.'pd'!!
III4
11% 12%' 1.J
13 14
Bt. Loulu Alu at Torre
Haute
*41'3 47'ai 44% 44%
Bt Louis Ark. 6c Texas
12% 12% 12% 13
Columbus A Hooking Coai'!"
25
23
25
26% 2>% 26%
Tennessee
Coal & Iron
VarlouM stocks, &c.
21%
Highest.
1
3,880
10,677
87,345
12
20,472
110% '110
110
79
9314
15
82% 8314
10% 10%
150
93
16
23%
121
19
35
1
1888.
Jan. 27
July 23 16% Sept. 11
39 14 Sept. 12
3 Mar. 31
2 42
Apr. 30
3 Apr.
Jane 13:110% May 1
2 61% Sept. 11
3 Apr.
Mar. 21 36% Sept. 11
3 145 Sept. 6
3 Apr.
July 2; 23 Jan. 6
Mar. 24 55 Jan. 28
11 July 23
1 Mar. 22
Mar. 22 71% July 24
2 26% July 24
t Apr.
Mar. 22 90% Sept 11
46% Jan. 3
1 July 21
12 July 25
a Mar. 20
Mar. 5 123% Aug. 8
19% Sept. 12
3 Mar. 28
37% May 1
3 Jan. 16
19 Aug. 30
3 Mar. 22
2 54% Sept 11
t Apr.
2 99% Sept 11
1 Apr.
2 95 Juue 23
2 Apr.
2 6414 Jan. 9
3 Apr.
Apr. IS 43 Sept 10
12
June
98% Sept. 11
1
Apr. 2 88% Aug. 9
18
June
80 Jau. 10
2
Mar. 27 104% Jan. 5
Mar.
28
3
9% Apr. 30
6 I8I4 Apr. 30
1 July
11
Juue
18% Jan. 5
89% Jan. 3
I Juue 12
13% Jan. 27
2 Mar. 29
Apr. 2 85% Sept. 4
2 109% Sept 4
2 Apr.
19 Sept. 7
1 Mar. 31
6 73
Jau. 27
2 Julv
Mar. 31 41% Sept 8
9 29% Sept 12
3 Mar.
67 14 Sept 7
3 Juue 13
46 Apr. 30
2 Mar. 22
Juue 13 19 Sept. 12
11% Sept 12
1 Mar. 28
Apr. 2 37 Sept. 12
23 14 Sept 13
3 Mar. 24
57% S.Dtll
2 Mar. 31
3 2934 S.pt 11
3 Apr.
64 Sept 11
1 Mar. 3
2«i8 Sept 11
3 Mar. 27
Apr.
2
31% Sept 11
I
Apr,
Sept. 10
Au.. 18 54% Sept 8
Apr. 2 26% May 3
Jau. 6 74% July 23
Feb. 13 94% July 25
Mar. 27 36% Jan. 5
Apr. 2 73% Jan. 30
3 116% July 19
! Apr.
Mar. 29 64% Aug. 4
Mar. 29 105 Jau. 28
Apr.
114% Jan. 23
1,000
4,105
23,093
142% 171,183
1,320
2,100
IOI4
1,860
69 14
305
1,073
24
'89
'
70% 70% *69% 71
4II4
*10
10
69 14
38%
8J% 82%
93
'.'.'.'.'..
140%
71
•38
41% 41%
5
141%
10
12014
I8I4
7,9
1,
2
59
3414 36
21
52%'
*93
6OI4
*41
96I4
II914
11% 11%
2%
58
33
36%'
102
"96%
9ii%
96
38
37% 37
....
91
169
168% 170
85
85
86%
81
38% 39%
106% 106%
39
107%
59%
98%
86% 86%
38I4
111
80
142
*36%
18% 18%
54%
99%
119%
69%
'78
'138
"
54
98
82% b3
119
107%
114%
"
109%
15%
II214I
25% 25%
90
90%
24% 24%
10% 10%
25% 2q%;
25
23%
6II4 61%
14% 15
27 13 27%
58% 59
14% 14%
27% 27%
581a 58%
142
1888.
3 10%
62 14
2 56%
Apr.
3
2 9114
3 Apr.
3 Mar. 26
37%
t June 12 130%
June 12 78
3 .Juuo 12 117
2 116
3 Apr.
Apr. 3 145%
5 114%
a July
101%
106% 106 14 106%
1481s 1481s '145
^^
American
26%
ei^g
pref'.
PaollloMail
Philadelphia Co., Nat. Gas""
Pullman Palace Car Co
Western Union Telegraph'"'
ArtftTT^^
26 14
"ei'ia
3914
71
114
57
102
pref
Texas & Paoillc
Texas & Pacitlo Land Trust..
Union Pad lie
65%
II214
Lowest
3,975
1,720
7,175
20,550
1,620
5,040
324,870
101 106% 15,384
110%113i4 119,335
*140 142
519
IO8I4IO9I4
4,300
16
16% 6, 37
37
5,395
38
51%
10% 10%
91
10113101% 10 L
Bt Paul Mlnneap. & Manitoba. 106% 106% 106
Sept. 14.
106
II214!
143% 144%'
21
Sept. 13.
111%
I
35
Friday,
'36
36%
15% 16%
37% 39
41% 41%'
'109
109%
59% 61%'
32% 33%
72 13 73%
11313114
•0913
Do
_
112
73% 74
'89
"•'s'i'ia
pref.
91
114% 115%,
*143%144%'
,
San Francisco
Colonulo Coal
112
.
73% 74
53%
113% 114
70% 71%
.
Do
pref.
Rome Watertown&Ojtdensb'g
57%,
1,
Range Since Jan.
Thursday,
9%
57
51%
88%
IO14
JAN.
7
9
6% Feb. 24
23
12
Feb.
13%
Jau.
41 July
15 Sept
4714 Sept
16% Jau.
30
Jan.
33% Sept
40
71%June27 100
6
May 10
57 Feb.
14')%Sopt
232 Sept.
16% Sept
34% Sept
23
7
7
10
5
12
17
12
13
16
9
10
July 24
Mar. 6
September
in.
BONDS-LATEST
THE CHRONICLE.
1888,J
IMtlCES OF ACTIVE
UONUS AT
Jan.
atotlmt.
BaUroad B<md$.
Sept.
AU.
7 Srpl.H
24 \
* Pro.— W. D. Inc., et, 1910
N. V.
2414
STOCK EXCHANGE, AND RANGE SINCE JAN.
80
Bighttu
27>«Jan.
34 May
Apr.
Jan.
104% Aug. 108% June
Htpl.
MU. Lk.Bh. A W.-lit,6a. 1931.
ABhIand Dlv.— lBt,6B,1925.
MUw. A Nor.-M. U, 6«. 1910..
Extension. Ist. 88, 1913
.
118
7 Hepl.
b.
110 b.
108 >9b.
119
Ul Louttu
118
b.
1898.
Jim, L.
BiglHH.
Juno 121% Apr.
US'* Mar M7i)iJaa.
11119b.
108
107
1,
Kmtfimf
OlCftng.
I.
MaUroad Bond*.
Ii<metU
19
82 'a
81>sl>.
Guar., Ig. 1937....'.
105
Can. Buutli.— iBt guar., &R. 1908 105
817
106 >• Jan.
Ill
Mar.
104% Jan. 10819 Feb.
105 b 104 Aug.
Minn. A 8t. L.— iBt, 7b, 1927.... 9J b. 90
1« Jan.
91 June UO Jan.
118\b 118%b. 111>1 Jan. 120 June
5oTg May
Imp. A Kiiulp.— Ob, 1922
ConBol.Td, IS99 ..
50 Feb.
iamb.
115 Jan. 123 19 Apr.
Mo. K.ATex.—€on., 6b, 1920... 67 19
66
5719 Jnne 73>4Jaii.
Convert. 7», 1902
10.'-ji9 June
102
62^8
105>ab.
Feb.
00
b.
Consol.,
1908
5b,
1920
(Intl.
6«,
5019 Mar.
Oonverl.
64>4 Anc.
105 b. 10514b, 98 Jan. lD63e June
95
Oonsol., 7b. 1904-5^
93%
General niiirt., ^g, 1987....
90 Mar. !loei*Jaik
114 b 11219 Apr. 116
Aug.
Mobile A Ohio— New, 6a, 1927 .. 114>9a. 11319b. 10819 Jan. 116 Jan.
Len. A W.B.,e<in.7i(, 1909,»a'nt 116
101 19 Jan. 109 June
103 b. 10419 July 105 « Jan.
Iflt. Extension. 6b, 1927
Am. Dock A Imp., fts, 1921. .. 100>9 107
l8t pref. del>enture«,78
Oentral I'actHc— KoUl 08. 1898.. 114''8b. 114''8b, 113i9Jan. UOI9 June
43 Mar. 54 14 Aag.
115''8b. llS\b. 11319 Apr. II6I4 July
Mutual Un. Tele.— 8. f., 6e, 1911 97 b. 96i9b 84i9Jan.
Ban Jiiai)Uln Br. 08.1900
99 July
102i«b.
103
129
>«a
b,
100
130
Apr.
103%
Jan.
Na«h.
Ch.
a.
1890
A
St.
L.—
iBt,
7s,
1913
128% Jan. 132 June
LanaKrant08.
112 b. 103 19
IOII9 Apr. 1041% Mar.
K.Y. Central— Extend., 58, 1893
106>4b. 103
May. 106i4Mar.
Mort. 6s, 1930
IO514 Feb. II4I4IVI1.
N.Y.C.AH.-l8t, oil., 78, 1903 134 h. 135>9a. 132% Jan. 136% June
Che*. A O.— Piir. m. fund 6«, '98
110 b. no
62>4 Mar. 70i>8 Feb.
Debenture, 58, 1 904
10:fi9Apr. ;il2 Juljr
6«, gold, 8er. B,1908, coup, oil
132 b. 132m). I2719 May 133 Jan.
62
Apr.
73
Aug.
4b.
1986
N.Y.AHar.— Ist, 7s, 1900
Exten. cmip.,
£614
24
16<>8 Apr.
92
28 Feb.
f».Y.CMo.A8t.L.— l8t.48, 1937..
86 14 Jan.
66, currency, 1918
93 July
112isb. OOigJan. II2I2AU/.
112
11519b. 114
N.Y. Elevate4l— Ist. 78, 1906.... 115 >9
Mort. 6e. 1911
Mar. 118i9Jnne
N. Y. Lack. A W.— Ist, 68, 1921. 13119a. 130 b. 127 Jan. 133 June
Chen. O. A Bo. W.— 5-68. 1911 ... 108 a. Il6i«b. lOSH Mar. 110i9July
111 b. Ill b. 107''8Jan 112 July
08 Apr. 103 Jan.
Oonstructlon, 58, 1923
OUlo.Bur. A Nor.— lBt,5B, 1926.
I29i9Jan. 134 June
N. Y. ANor.-lst, Ss, 1927
Ohio. Burl. A Q.— Con. 7b, 1903. 131 b. 13II9
102!>sJan. 10819 Bept
105
105
a.
"sb.
104
May
10719
Feb.
DebtMitiire .^8,1913
N. Y. Ont. A W.— Ist. 68. 1914.. 11119b. limb. 109 Jan. 115 July
92 a. ]91i«a. 91 Mar. 95 Jan.
94%b. 90 Mar. 95 14 Aug.
N.Y.Sus.AW.- lstref.,58, 1937. 95
Denver Uivls., 48, 1922
Jan. 117% Aug.
Midland of N. J.— Ist. 0«, 1910 114 b.
Chic. A K«8t. ni.-Oon. 6s, 1931 II7140 117'ib. 113
109 Apr. 115 Sept.
N. O. Pacltio— 1st, 68, 1920
Chic. A Ind. Coal R.. iBt. 58, '36 100 a. 100 a. 98 Apr. 100>« May
75 Mar. 83% Apr.
113
b.
114i9Jan.
119 Apr
Nnrrolk A West. - (Jen., Os, 1931 119>ab.
Ch.Mll.ASt.P— lBt,I.AM.78,'97
112i9Jan. 120i9Ang.
m'b. 1241*11. l'.!3'9.lan. 128 May North.
116
Ooiieol.7B, 1905
Paclllo—l8t,ooup., 68, '21 lioi*
115i9Jan. 119i9June
'•
~
112\ 110 li. 109 Jul, 114 Feb.
••
11214b. Ill's
Gen'l,
2d,ooup.. 193:^3.
l8t. Bo. Mln. Ulv.— 68,1910..
102 Jan. 112% Bept
100
993),
Aug.
Gin'l 3d, coup. Ob, 1937
iBt, Chi. A Pac.W.Dlv— 58,'21 105 >sb. 1U4 b. 101 19 Jan. 107
89 June 101 Sept.
lab.
101
a.
lUl
100 Jan. 104 May
Wl8. A Mln. Ulv.-5e, 1921....
S. Pac.Ter.Co.— 1st, 68, 1933. .. 105 19
99% Jau. lUO Sept.
100 Jan. 103
-,,
June Ohio A Miss.— Consol., 7e, 1898. 117 -sa. 117 b. 114i9Jan. 119 Jane
Terminal 58, 1914
Ohlc. A N. W.—CouBol. 7e, 1915 142 b, 142 b. 139i9Jan. 144 14 July
2d, oonsol. .78. 1911
116 Apr. 119 July
130%b. 130%b. 120 June 13219 May
Gold, 7s, liiO'2
GhloBouthom— l8t,6B, 1921. .. 104 b. 102 b. 99i9Jan. 106 19 Mar
120i«b. 120 b. IISH Apr. 121
45
45 19
Sinking fund Ob, 1929
Feb.
2d,lno.,68,1921
29 Mar. 45 19 Sepit.
110i«b. llOkb. 106
Apr Ill Feb.
Sinking fund 5b, 1929....
Omaha A St. L.-l8t, 48, 1937.. 7219b. 7119b. 70 Mar. 76 Jau.
107 May. IIII9 Aug.
Blnklng fund debent. 58, 1933 11119a. IIII9
Oregon luipr. Co.— Ist, 68, 1910 104 b. 104 19
9414 Jan. 105 May
106
104 May. 10619 Apr.
Z6-y6»rdel)eiit.58, 1909
Ore. R. A NaT. Co.— 1st, 68, 1909 109 "lib. 110
108% Feb. 113 May
IO2I9
961s a. 95 b. 91i9Mar.
98 Aug.
Extension 4s, 1926
Consol., 58,1925
103 b. 9014 Jan. 104 May
July 134 June On^gon A Transcon.— 68, 1922.. 102 a. 102 a. 93 Jan. 102 Sept.
Ohl. R. I.APao.— 68,coup. 1917. 131 b. 131 b. 130
100 14
106 b. 104 Mur. 108 May
Exten. A col. 58, 1934
Peo. Dec. A Evans.— Ist, 68. '20. 108 b. 108i9b. too
Jan. 112
June
Oh. 8t.P..M. A O.—CoiiBol. 68. '30 121 b. 121 1-. II9I9 Jan
12319 May
EvansT.DIv Ist, ds, 1920...
102 b. 102 Mar. 107 May
971*8.
9719a. 97
May 100 19 Jan.
73%
Oh.Bt.L. A PltU.— iBt.con. 58,'32
75
2d mort., 58, 1927
69 May
75% Apr.
Jan. 131
."18
0. C. C. A Ind.— Consol. 78, 1914 131 b. 131 b. 123
July
b.
Bloh A All.— Ist, 78, 1920. tr. reo 56%
51 Apr.
62 Aug.
!10 b. 110 b. 107 19 Jan. 113 May
Gen. 68, 1934
Rlohm. A Dan.—<Jon8., 68, 1915 115 b. 11519b. 109 Jan. 116 June
Jan. 106
May
Col. Coal A Iron-let, 68, 1900.. 10319b. 103 "ab. 100
Roch. A PlttK.— 1st, 68, 1921... 116 b.
116 Mar. 118 Feb.
84I9 Aug.
83
63 Mar.
116 b. iV6i4b. 113 Jan. 117i4May
001. H. Val. A 'I'ol.—Con. 58, '31 e2i3
Consol., 68, 1922
85 a. 86I9
63 Mar.
Gen. gold, 6b, 1904
S6 Is Sept.
Rome W. A Ogd.— Ist, 78, 1891. 109 b. lOJ^b. 107 Jau. 110% May
107 14
Denver A RioOr.— l8t,78, 1900 121 b 121 b. II8I9 May 121 14 Mar.
Consol., extend., 5s. 1922
10719a. 10058 Apr. lOSH June
77 b. 7814b. 75 Mar
7919 Jan.
lBtiou.48, 1936
at Jo. AGd. Isl.- l8t, 63, 1925 lo5 b. 105 b. 94 Jau. 106 Sept.
81 b. 71 Jan.
52 a. 52isa. 40 May
Den. A R. Ur. W.- l8t, 6b, 1911
83 Aug.
2d, income, 5s. 1925
52 Aug.
72 %8. 71 b. 60 Mar. 76 Aug.
St.L. Alt.A T.H.— 1st, 7s, 1894. 113 19b.
112 July 114% May
71 b. 71 Aug. 81 Apr.
108 b. 107 k a. 108 Feb. 110i4Jan.
Den. 80. Pk." A PacV—'ls"t,'78,''05
2d, M., pref., 78, 1894
Det.Mac.A M.— Ld.gr.3»i8,1911 36i4b' 37 a. 34 May
43 Jan.
103 1> 103 Jan. 105 Apr.
2d., M.,1nc., 78, 1894
4II9
E.Ten.V. A G. Rj-.— Con..58, '56 naijb. IO2I4
41 b. 35 Apr.
95% Jan. 103 14 July
DiTldend bds, 6s, 1894
42!% Aag.
EUz. Lex. A B. Sandy— Oe, 1902. 99140. !9 b. 96 Mar. 104 Jau.
98 •'^'). 93 Jan. I0414 Feb.
St. L. Ark. & Tex.— Ist, 6b, 1936 9838
136 a. 132I9 Mar. I38I9 Aug.
37 18
Erie- let. oonuol. gold, 7b, 1920 I06
37%
3618 June 4>ti9Jait.
2d, 6s, 1936
llv;iab. n2i2b. Ill
a 107%0. lOOigMar. 11 1^9 Jan.
liong Duck, 78, 1893
Jan. 115 A).r.
St. L. Air. Mt.— l8t,78, 1892... 108
11919b. II919 ill5
Con. 6e, 1935
loss's
Apr. 1'2<' Aug.
105 June 112 Jan.
2d mort., 78, 1897
N.Y.L.E.AW— 2dcon. 68, 1969 IOUI2 100=8
9218 June 101 12 Sept.
Cairo A Fulton — Ist, 78, 1891 10419a.
102% July 10519 Jan.
Ft. W. A Denv. C. -Ist, 6e, 1921 89i«
90
77% Apr. 91i4Sept.
9219 Jan.
Gen. Ry. A laud gr., 5e, 1931. »5 li.! 8 J b. 80 Apr.
Gal.Har.A San. Ant.— 1st, 68,'10 IdSiib. 10014b. lOliaFeb. 10bi« Miiy
113i4Jtia. 119
St. L. A San Fr.- 68., CI. A,190fi 11719b.
July
2dM.,78, 1905
100 a.
11719b. 117is» 11538 Jan
98 Apr. 106 July
llOigJune
6s, Class B, 1906
Weei. Division— l8t, 58, 1931. 1'2 b. K3I)8
90 Mar. 9358 Sept.
117»sb.
Class
C,
1906
114
Jun
119%
July
68,
115l9».
Gr'n B. W. ABt.P.— 2dlnc.88, 1911 38
34
25 Apr.
112i9Jan. 118 June
42% Ju.y
Gen'l mort., 68, 1931
lull*
Gull I'ol.ASan.Fe— l8t,78, 1909 IIHI4
118
118 July I22I4 May,
10038 Jau. 105% June
Gen'l mort., 58, 1931
97i«
Gold, 68. 1923
96%
94 July 9778 Fell.
80. Pac, Mo.— 1st, 08, 1888...
100 Jau. l<'2%Juue
Henderson Br.Co.—l8t. 68. 1931 107 19b. 10719b. 10719 Mar. II019 June St. Paul M. A M.— ist, 7», 1900
June
,112 Jan. 1117
H. A Tex.
I22%b. 23
l8t M. L. 7b
Mar 123 Sept.
12019b.
Ill
2d, 68, 1909
Apr. 120% Sept
ill6
iBt, West. D., 78,1891
122^0. 23 b. 112 Feb. 122 19 July
117
b.
cons.,
1933
114
M«r.
1I20
June
Ist
6a,
96I4 Apr.
98I9 June
l8t,WacoAN. 78,1903
1U5 b. 105 June 114 Feb.
reduced to 4198.. 9ji9b.
Do
2d. consol. M. L. 88,1912
102 Feb. 108 19 Jan.
Montana Ext. Ist. 4s, 1937...
80 Mar. 87 19 July
72i« Sept.
Gen. mort. 6s, 1921, tr. reo. .. 70 b.
014b. 65
Jan.
Bheuaudoali Val.— Ist, 7b. 1909. 93 b.
90 Jan.
95
Apr,
Ind.Bl. AW.— lBt,prci;.,78,1900
114 b. 110 May II2I9 Jan.
35
36 14 Jan.
Geu'l morl.,08, 1921
29 Apr.
lit, 5-68, 1909, tr. rec
93 lib. 95 a. 80 May
94 Sept. 80. Carolina— iBt. 68, 1620
97 Jan. IOSI9 Aux.
2d, 5-68, 1909, tr. rec
74 b.
65 Feb.
7 4 19 Sept.
2d, 68, 1931
69 Jan.
87 May
East. Dlv.— Os, 1921, tr. reo.. 9319b. 95 a. 80
May 94I9 Sept.
Inc., 68. 1931
13 Apr.
18% Jan.
Income, 6s, 1921, tr. rec
24 19
15 Mar.
23%
25 Sept. So. PacCal.— l8t.68, 1905-12..
IIII4 Apr. 116
Mar.
Int. A Ot. Nor.— 1st, 68,gold,'19 1U4
98i9May. lll>9Jaii.
103
106 b. 106 b. IO514 Jau. 108 19 Mar.
80. Pac., N. M.— l8t, 68, 1911
Coupon, 68, 1909
t9 b. 70 a. 61 Apr.
77 Jan.
51i9Jftn.
Tex. A Pac.— Inc. A id gr,78. '15
41 Apr.
9419"
Kent. Ceutr.—Gold 48, 1987
72 b. 7214
69 Jan.
95 19 Aug.
75 Jan.
New 1st, gold, 58, 2O0O
92 May
Knoxv.
iBt, 68, gold, 1925 100 a
99 h. 89i< Jan. 100 June
New 2d, gold, Inc.. 5.s, 2000-. 4414
38^4 June 45 Aug.
L. Erie A W.— Ist g., Ss, 1937 .. 106 b. 10619
101 19 Jan. 110 May.
Tol. A.A. AN.M.— lst.6.s, 1924. 102
85 Jan. 104 May
I*ke8h.—€on.coui).,l8t,78,1900 127 b. 127 b. 125 Feb. 12«i9 June Tol.A.A. A Gr.Tr.— Ist, 68. 1921 106 b.
101 Jan. 107 19 May
Con. coup., 2d, 78, 1903
I24%b. 124%b. 122i9Jan. I26I4 May. Tol. AOhioCent.-lBt.Ss, 1935 100
93 Jan. 101 June
U>ng Island- Ist, 78, 1898
12.19b. 121>9b. II9I9 May. I2219 June
Kan.
C.—l8t,0a,
Toi.St.L.A
1910 9214b.
91 June 94 Feb.
iBt, consol., 58, 1931
114 b. Ill Jan. lis June
Union Paclllc-lst, 68, 1899....
114 Jan. II719 June
lion. A Nash.— Consol., 7e, 1898 11919b. 119 '«b. II6I9 Apr. 123
Feb.
Laud grant, 78, 1887-9
IOOI9 Apr. 10419 Mar.
N. O. A Mobile— Ist, 68, 1930. 114 0. 113 b. 10818 Jan. 115>9 Aug.
Sinking tuud, 88. 1893
II319 Apr. 12119 May
2d, 68, 1930
9919b. 99>9b. 96i9Jan. 100
May
Kan. Pacitlc— l8t,6B, 1895....
109 >9 Feb. 112>9Jaa.
E. H. A N.— iBt, 68, 1919
Il4»gb. 114 b. 114 Fob. il6i9Juiy
lat,68, 1896
109% Feb. 112 May
General, 68, 1930
11358b. 11312b. 109% Jan. 115
May
Denver Div.— 68, 1899
112% May 116 Apr.
Trust Bonds. 68, 1922
109 b. 109
106% Mar. 110% Mi.y
Ist couBol, 68, 1919
109%
101% Jan. II014 May
10-40,08, 1924
101 Vu. 10119b. lul
June 104 Fea.
Oregon ah. Line -Ist, 68, '22.. 10719b.
100 Feb. 10919 July
50-ycar 58, 1937
99!%b. 101 a. 99 19 Mar. 10238 Apr.
Virginia .Mid.— Gen. m.,5s, 1936 84
84 Sept
78 Jan.
Lon. N. A. A Ch.-lst, 6b, 1910. 113 b. 113 b 10714 Apr. 115 June
Wab. St.L. A Pac. Gen., Os, '20 40 b.
37 Apr. 47 Jan.
Consol., gold, 68, 1916
9619
95 b. 87% Apr.
97 Aug.
Chicago Divison- 58, 1910
93 Jan.
98% Feb.
Mem. A Ch'lston— 68,gold, 1924 10414b. 10t%a. 100 Jan. 105 19 June
WabaBh— Mortgage, 78, 1909
90 Jan.
84 Feb.
Metro. Elevated.— let, 68, 1908. 11419b. 114 b. 1081s Mar. 117 May
Tol. A Wab.— Ist, ext., 78, '90 11214 b.
107 Apr. 112 Aug.
2d, 68, 1899
lObOgb. 10012b. 103
Jan. 108 July
iBt, St. L.Dlv.. 78.1889...
llulgb.
IO714 Apr. Ill July
Mich. Central— l8t, con., 78, '02 12K b. 12 »8b. 126 May. 131 July
2d, extended. 78, 1893.. ..
90 b.
91 Feb.
85 Apr.
Consol. o8, 1902
11 IV. 11119b. 107i9May. IIII9 Aug.
8-1
Con., oouv., 7s, 1907
90 Jan.
b.
83 Jan.
Ml8«'ri Pac— iBt, 0008., 68,1920 112 b. 112 b. 107
Mar. 113>< Jan.
Great West.- Ist, 7s, 1888..
112 b.
IU5>9 Apr. IIII4 Aug
8d, 76, 1906
11819b. 117 b. 115
Jan. 1 18 Feb.
2d, 78, 1893
90 Jan.
90 b
85 Mar.
Pac. of !tfo.— iBt, 68, 1888
IOOI9 Feb. 103 19 Jan.
West Shore—Guar. .48
99''8 Jan. 104 >« June
10.%
2d mort., 78. 1891
105%b.!.
104 Jan. 108 May
Wheel. A L;(ke E.— iBt, Ss, 1926
9419 Jan. 101 19 Sept.
NOTB— The letter " b" Indicates price btd, uid " a" prloe a$leed all ochei' prices and tuo raago a -e from aocoal liklas.
1913
2<l.ftr(,
92
..
blH
8914 Mar.
106V(
OentrHlof N. J.— l»t,7B, 1890
W» Aug.
108
10719
b,
b.
b.
'
.
—
.
I
I
I
i
i
C—
I
!
'
I
'
.
.
AC—
.
;
STATE BONDS.
BECURITIES.
Alabama Class
A
Bid.
SECURITIES
Ask.
Btd.
due 1889 or 1890
1906
1041s Missouri—6a
Class B, 58
Asylum or Unirersity, due 1892
1906 ioT"
Class C, 48
Funding
1894-1895
1906 100
68,10-20
1900 100
1892
New York—6s, loan
ArkaUKaM 68, funded 1899 1900
..1893
7
6a, loan
78, Little Ro<k A Fort Smith, Iss
North Carolina—68. old
JAJ
7b, Memphis A Little Rock, Iss..
Fundingact
1900
17
3 to 5
—
New
io3
Louisiana
7b,
Stamped, 48
Mlohiira'i- 7«
cons
'.'.".'.
bonds,
J.
Chatham BR
A
101
107
110
liO
35
10
J. ...1892-1898
15
1914
Special tax. Class 1
90
1890 105
Consolidated 4s
6b
.
SECURITIES.
Ask.
Bid.
Rhode tBland-6B,oou.. 1893-1894 1:0
102
South Carolina—6b, non-fund. 1888
Brown oonaolldated 6a
1893
Compromise, 3-4-6-6a
New aettlement—6e
i!!I!I
6a
38
Aak.
....-
3
1912
1913 102
1913 90
1913
"to"
.:.. --::::i
1910
l^io i'di"
Hi"
68, cODi'Olldated bonds....
68, consolidated, 2d series
•^*.
d^fer^.^,!. t|.iist
reo
.....
"9"
..
.— .M
THE CHRONICLE.
818
^
OF STOCKS AND BONDS.
GENERAL QUOTATIONS par
n*r ia*y
iiiAP ba
freniion
other (ju'itntlms are freqaeady
mate per ah ini
_
vT
.
[Vol. XLVII.
^1
„.,i ... wliitevep
..rK.ihatT^f
rhn
nnrnfint* valie
_^
^r«„i, ..^....aont
_
Mift
tile
bft
rtfchHP iia>)t4tl<)ii9
:
;
*
smumi; luim;
.
wi
—
"oonv." for convertible; "s. r., ror
mall dates.
»' S?'^"?*J??i
Irom other cities, to late mail
«f^"v^, J^/rS'jrTSS^adaT
are to Thursday ;Irom
SSlo^?nN^Y<;rlt
i,(uou.u
g„,„p,,„e„ wlU confer a fayor by stvtag notice of any error
;:^\J%if<iat«(l-
«:•
ooas..
:
'
Bid.
UHITBD STATES B0KD8.
106%
106%
coup..
128>4
'""••r;
.Q-J1 129'4
coup..
reg....J&J 121
reg....JAJ 123
reg....JAJ 126
reg....J&J 128
reir....J<feJ 131
1895
1896
1897
1898
1899
8TATB SECWRiriK*.
1906..
AUbama—Class "A,"
3 to
0Iaea"B,"5s, 1906
01aa8"0," 4s, 1906
68, 10-20, 1900
I
I
Q—
68, Bait. & O. loan, 1890.... Q—
Q—
6s, Pwk. 1890
103>«
6s, bounty, 1893
68, bounty, exempt,
58, water, 1894
108
68,
58,
48,
5,
107
100
100
6
*J
Arkansas— 68, funded, 1899 .J & J
Ft. 8.l8aue,1900. A & O
78, L. R.
7b, Memphis & L. R., 1899. A & O
7a,L. R. P. B. &N. O., 1900. A & O
7b,M18B.O. & B. Rlv.,1900.A & O
78, Ark. CentralRR.,1900.A & O
78, Levee of 1871, 1900. ...J &3
J
West. Md. BR.,
1916
1920
1893..
102
102
M&S
M&S
M&N
Q—
1902.... J&J
M&N
113
113
i23'
123
125
125
125H)
Q-J
1907
110
J&J
Me.— 68, railroad aid, '98..
Boston, Mass.— Water 68,1908 .Var
Belfast,
Var
Water 58, gold, 1908
Var
Water 48, 1917
A&O
WaterSias. 1917
Brooklyn, N. Y.— Park7s, 1924. J&J
20
J&J
Bridge 7a, 1924
J&J
Park 68, 1924
J&J
Bridge 58, 1919
OaUfomla— 6s, funded debt of 1873
J&J
Bridge 48. 1926
Connectlc't-Ncw,rg.,?/.s8,1904JAJ. 6100
J&J
•5100
Water 38, 1905
Mew.reg. or coup., 38, 1910 ..
1924-5
J&J
N.Y.—
7b,
Buffalo,
U06
Dakota Ter. 8s. 10-208 of 1887
A&O
Water 5s, 1898-9
$102
4>se, 10-20sof 1S87
M&S
1904
119
Water
4s,
119%
DlstCol.— Con^.3-658,1924,cp.F&A
J&J
119 119%
Water 3138, 1905
Cons. 3-658, 1924, reg
F&A
Water 38, 1916
J&J 109i«
Funding 58, 1899
Perm. Imp. 68, guar., 1891 ..J&J lOB's i'of Cambridge, Ma8s.-Water68,'96. J&J
J&J
City 68, 1904
J&J IDS'*
Perm. imp. 78, 1891
Var
Water 31SP, 1911
Wa8h.-Fund.loan(Cong.)68,g.j'92 107>4
A&O
Charleston,
Conv.7s,'97.
122
8.C
—
Fund. loan(Leg.)68,g.. 1902Vai
J&J
109%
Conv. 4s, 1909
Market stock, 78, 1892
126
Chicago, m.— 7s, 1892-99
Water stock, 78, 1901
127
6s, 1895
78,1903
do
4Jas, 1900
§110
113
J & J
Florida—Consol. gold 68
3-658, 1902
103
"
Georgla-7s, gold bonds, 1890.Q—
107
Cook Co. 78, 1892
108
JAJ
4"ss, 1915
Cook Co. 58, 1899
Louisiana— New con. 78, 1914.J&J
Cook Co. 4'«8, 1900
Stamped 4 percent
F&A
West Chicago 58, 1890
Baby bonds, 38, 1886
Lincoln Park 7s, 1895
A&O
Maine— 3s, 1890-1929
West Park 78, 1890
War debts assumed, 68,'89.. A&O
South Park 68, 1899
Maryland-68,Hospital,'87-91.J&J
Cincinnati, O. -7-308, 1902 ...J&J
Q-0
68, 1890
Var
3-658, 1897
78, 1903
J&J
Ma88achu8ett8-58,gold, 1891. .A&O
68,1909
Var
6s, gold, 1906
M&N
J&J
58, gold, 1894
M&8
48, 1905
Var
88, gold, 1897
Mlohlgan— 78, 1890
M&N
Hamilton County 48...
Mlnnesota-Adj. 4iss, 1912, 10-30.
Cleveland, 0.-7B, 1894
A&O
Mlasouri- 6s. 1888
J & J
68, 1900
M&S
Funding bonds, 1894-95 ...J&J
58, 1907
J&D
Long bonds, '89-90
J & J
48, 1903
J&J
Asylum or University, 1892. J & J
Columbus, Qa.— 78
Var
Hew Hampshire— 58,1892
J&J
58
"
War loan, 6s, 1892-1894
J&J
Covington Ky .—7-3 OsVi 892 ' FA A
War loan, 68, 1901-1905....J& J
7-308 Waterworks, 1890.. ..A&O
Hew Jersey— 68, 1897-1902.. .J&J
4s, 1937,new
J&J
68. exempt, 1896
J&J
Dallas, Texas— 88, 1904
Haw York— 6s. gold, 1892 ...A&O
108,1893-96
68, gold, 1893
A&O
Water, 68, 1900
Ho.Carollna— 68, old, 1886-'98.J&J
58, Street Improvement, 1928..
6e N. C. RR., 1883-5
Detroit. Mich.— 78, 1892-93-94. FAA
6s
do
3IS8, 1911
7 coupons off ...A&O
J&D
68, funding act of 1866 1900. J&J
Elizabeth, N. J.— New ls,1912 J&J
68, new bonds, 1892-8.'
Evansv., Ind.— Watw 68, 1912. J&J
J&J
<St
110
103
>105>a
'102
ao4%
ao5
,103
ISO's
1221s
103 >s
104%
117
120
112
103
112
102
llOia
J&J
&
95
A&O
Penna.— 5B,new,reg.,'92-1902.F&A
4a, reg., 1912
F&A
Rhode l8l'd—68,
68,1919
consols
Tennessee— 6b, unfunded
Compromise bond8,3-4-5-68, 1912
Setlltment, 68, 1913
102
Settlement, .58, 1913
90
Settlement. 38, 1913
69
Texas— 68, 1892
M&S §108
78, gold, 1892-1910
M&S §120
78,gold,1904
J&J §130
Vermont—68, 1890
Vlrglnia^-68, old, 1886-'95...J & J
|
J&D
68, new bonds, 1886-1895. .J
J
68, consols, 1905. ex-ooup
J&J
68, consol., 2d series
J&J
68, deferred bonus
Tax-rec'vable coups., from cons'ls
&
Do
from 10-408.
New 38(Rldd]eberger). 1932. J&J
I0-408,op.®.,3to5,19l9.j&j
....
9
32i
27"
65>
35>
CITK SEGVBITIES.
Albany, N.Y.— 7a. 1910-16... M&N §140
6e, 1915 to 1919
M&nI
4a, 1920 to 1930
M&N
Allegheny, Pa.—fia,ep.,'87-e7.VBr.
4>i8, coup., 1885-1901
Var.
1901
Allegheny Co.,
48, coup.,
Var
19i3.J&J
1912
JAJ
J&J
JAJ
1241s Fltchbure, Ma«8.— 6s.'91, W.L. . J&J
110% Galveston, Tex.-8s,1893-1909.M&S
1893-4, coup. J&J
Biath Carolina—68,Non-fun(l,1888
Brown
4b,
95
I
1041a 106
101
103
J&D 98
99
58, 1920
Hartford, Conn.—63. 1897
J&J §110
10-25 years. 4ias, 18aO-1905.J&J §100
Hoboken, N. J.-7S, 1892
A&O lOSij
Improvement 68, 1898
J&D §113
do
5s. 1901
M&N
Houston, Tex.— 10s
75
'75
68, funded
,
Indlanapoll8,Ind.-"D"7-3.'99.J&J 112
68.1897
J&J 106
Jersey City— Water 7a, 1902. ..Var 1 18
Water68, 1907
J4J 112
Funding 68, 1909
F&A 112
58, 1911
Hudson County 5s, 1905
M&S 114
Hudson County, 68, 1905
J&J 123
Hudson County 7s, 1891
J&D 112'
Bayonne City, 78, Ions
J&J HO
Kansas City, Mo.— Ss, 1898... Var§lil 123
78, 1898
M&Sl§ll8
58, 1905
657a
|§t05
Lawrence, MasB.—68, 1894. ..A& O § 111 nils
68.1900
A&O 4; 18 1-iO
§
Long Island City, N.Y— Water.78..
Ky.-73, 1903
68,1897
10-408,58,1920
4s. 1923
Louisville,
120
ide'
105
Lowell, Mass.— 68,1890, W.
Lynchburg, Va.— 1901-i
.'.Var
Var
M&S
J&J
L.M&N
J & J
J & J
123
110
106
lOJ
104
A&O
4is8, 1896
58, 1909
6s, 1910
78, 1895
78, Aqueduct,
Vat
Var
Var
1905
Bedford.Mass.— 6s, 1909. A&O
A&O
31SS, 1910.:
Brun8wlok,N.J.— 78, water, 1904
Vai
68, 1906
N.
—
New
Orleans, La. Premium 58 ...
Cons. 68, 1923, extended ....J&J
5s,
78,
J&D
J&D
M&N 6131
M&N \i.2
J&J 123
M&N 118
M&N 108
M&N 105
MAN 102
A&O 101
Var
M&N 127
A&O 104
A&O
J.&J
121
138
108
99
§141
100
1C6
92
§115
§109
§108
§101
99
120
96
03
,
J&J
Richmond, Va.— 68, 1914
J&J
8b, 1909
1922
1921
&
J&J
58,
48,1920
N.if.Wat«r,1903
..
Rochester,
78,
F&A
48. 1912
F&A
St. Joseph, Mo.— 68, 1903
FAA
Comp'mise 48, 1901
Var
St. LoulB, Mo.— 6s, 1899
68, gold, 1894
Var
58, 1900
4b, 1905
3-65S, 1907
A&O
1912
4193, 1916
5s. 1915
68, 1904
1
Slog's
Jfl**"*
-•;§fi*',
|§123ia
78,1898
8s, It 97
Salem, Mass.— 6s, '98, W. L.A&0..:§ll6i»
J&J i§ll2
58, 1904, W. L
Savannah— F'd 5a, cra8.1909.Q-Fj| 102
123
Sprlngtield, Mass.- 68, 1905.. A&O
A&O U2
78,1903, water loan
116
N
1900.
A
7-308,
RR.,
Toledo, O.—
Var II3I3
8b, 1893-94
5s, op.,
ioi'
1899
1913
1913
Worcester,
118
107
122
124
102
107 14
i'li's
121
106
96
140
IDS'*
102
110
95
117's
110
109
102>a
9919
122 <«
97
105
no's
120
120
125
118
114
102>fl
Mass.— 68, 1892... AAO 107 »s 108
58.1905
4s, 1905
31S8, 1905
A&O
A&Ol
J&D
BONDS.
11313 115
102
1C4
96
98
(Bonds of companies consot* ted will
be found under the consol'd name.)
Ala. Qt. Southern— l8t mort., 1908 ell6
Debenture scrip, 68, gold, 1906. «107
48
Ala. N. O. T. &c. Istdeb. 6s
45
2d debent. 6s. 1907
118
109
52
50
HAILKUAD
132'8 134's
1211s
Wb'y&Susii.— Cons. 7s, 1906, guar.
—
.
1
;
112
Washington, D.C.— See Dist. of Col.
1905
Lynn, Mass.-Water loan, 68,'94.J<feJ
Water loan, 68, '96
J&J $114
5s, 1905
M&n:§113
8s,
126
121
104>s
I
Consol. mort., 6s, 1900, guar. AAO 124
Ulegh. Vai.- Gen. M., 73-108. JAJ 115
4a, riot loan, S-lOs
101
Ill's
East.exten. M., 78, 1910... AAO
4a, riot loan, 10-208
101
115
AAO 20
taoome, 78, end., 1894
68,
do
10-208
101
114
Ashtabula & Pittsb.— l8t, 68, 1908 105
4a, refunded, 5-208. 1891-1906.
102
.Macon. Ga. 6a
'99
no
112
J&J §121
&8.
Fo—
l8t,78,
Ateh.
Top.
4e. Court House, 190ii, rer. JifcJ
106
Manchester, N.H.- -68, 1894.. J&j' §108
1U9
Land grant,7s, g., 1902 ...A&0§118
Atlanta, Ga.— 8», 1902
;..J&J
120
68, 1902
Sua
ilC3%
J&J.
116
JAD
Sinking
fund,
1911
68,
Wuter78, 1904
j&j
118
48, 1911
Sioi
103
Guaranteed 7s, 1909 J&J&A&O ;U8
68,1895-6
J&J
>102i4
Memphis, Teun.—Fliiipin 4-6b.J&J
102
AAO
991s
1909
(Ist
mort.)
58,
5«, 1914-15
J&J
Tax l)i8t.,4-68
J&j
991, 10218
MAS 90
5s, plain bonds, 1920
IHia, 1916
J&J
TaxDl8t.,8s
4I3S, 19i0
...J&J lOlia
AAU i'S
Aaguata, Me.—6a, 1805, Pimd .J&J
Mlnueapulls, Miun. -8s, l892.J&Di§Uu
94
113
Collateral Tnut, .58. 1937. ..F&A
Angusta, Oa.— 78, lUOO-2
Var
7a. 1901
J&Ji5l23 125
Florence & JSl L)or'do,l8t.7s. A&O |113
68, 19l«
J&J
4158, 191215
§103
105
K.C.Topeka&W.,l8t M.,78,g.J&J 124
Anstln. Texas— 108
48, 1S»1.5-17
5 96
\00
luooine 7s. A& J iLll's
do
- Price nominal no late traneaoUone.
} Ptirohaaer also pays accrued luterejt.
e tn London. V Coupons ouslnau 13'i9.
.
128
IV5
134
117
115
Var L12>S 114
A&O 107 109
96
94
Var.l
M
68,
5s,
48,
124
112
110
106
104
75
4s
St. L. Co.— 68,1905
at. Paul, Minn.—48,
135
126
128
Ill's 114
133
137
102% 10388
116
100
125
119
103
Petersb'org, Va.— 68
JAJ 110
118
J&J
Ss
118
88, special tax
Philadelphia, Pa.— 6s,189a-'99 J&J 128
J&J 134
68, new, reg., due 1905
Pittsburg, Pa.-5s, 1913
J&J 117
Var 135
78, 1912
121
78, water, reg. &op., 1898.. A&O.
J&D 105
48, 1915
J&J 120
68, Conso'., 1901 reg
Portland,Me.— 68, RK. Aid,1907M&S l'.!2i2
J&J 101
4s, funded, 1912
Portsmouth, N.H.— 68, '93,RR. .f&J 106%
Poughkeepsie. N. Y.— 7s,waterl<mg 140
Providence, B.I.— 58, g.,1900... J&J IIII4
120
68, gold, 1900, water loan.. J & J
J&D 105
41S8, 1899
M&S 94
3ifl3, gold, 191H
35
Rahway, N. J.— Old 7s
New adjustment,
115
103
100
116
5?, 1912
4»«8, 1912
....Var.
Bridge 5s, 1905
Newark—4s, 1906
1934
1895
N.Y. City— 78, 1900
6s, 1900
6s, gold, 1901
58, 1908
58, gold, 1896
48, 1906
31S8. 1904
38, 1907
Norfolk,Va,— 68, 1914
8s, Water, 1901
53, 1916
Norwich, Ct.— 58, 1907
78,1905
Omaha, Neb.— 6s, 1891
Orange, N. J.— 78, long
O.wego, N. y.— 78, 1887-8-9
Patereon, N. J.— 78, 1900
68, 1901
48, 1908
100
A&O
Tenn.— 6s, 1907
163
163
152
137
118
103
106
Ask.
—
new
58,
New
.
RR
Bid.
Mllwaukee.Wis.- Water7s,'02.J&J
Water 48, 1906-7
J&.I
Mobile, Ala.-4-58,funded,1306J&J
Montgomery, Ala. New 3s .J & J
100
107
136
119
108
100
116
127
97
.
68, Chatham
68, special tax,cla8s 1,1898-9A&U
48, new, cons., 1910
J
J
.
Nashville.
123
Bangor, Me.— Water,68, 1905. J&J §122
J&J|§108i log's
E. & N. A. RR. 6s, 1894
§103'
104
Var,
Bath, Me.— 6s, 1902
4ia8,
—
„
CiTT Secukitieb.
..,.
Aak.
Bid
consol.. 1890..
68,1900
103% 104 Sg
dUeorered Ig th9«e guotatlom.
T..^
,
City SBOUBrriKS.
Baltimore— 6s,
UNITED STATES BONDSc
reg..Q—
4m, 1891
4><s, 1891
4», 1907
4a, 1907
6s, Currency,
68, Cnrrency,
6a, Cnrrency,
ea, Cnrrency,
6a. Currency,
~~~
n
Ask.
2lis
1211*
119
106
120
102%
91
98>«
9S>a
114
125
116
Sbftbmber
THE CHRONICLE.
15, 1888.]
319
OKNBRALi QUOTATIONS OW STO0K3 AND BONDS— Co.stisdid.
For Explanations Soo Notes at Head of First Pax* of Quotations.
Railroad
Bid.
Boiciis.
BORM.
RJUI^ROAD
Aik.
Bid.
Chicago A Alton— (Contlniiid)—
Atch. Top. A 8. Fe— (Continued)
Mlss.Klv.Hrtdgc, lnt.,s.f.,6s,1012
N.M«x.A8o.Pfto.,let.78,l!tO!»AAO.M20i« 121
I^onls'aA Mo.R., lnt,7a,1900PAA
PuBbto A Ark. v.. Ist, 7», k-.1003.!M17>« 118
I>oul8'aAMo.l{.,2d.78, 1900MAN
BonorB, Ist, 7». 1010, RUiir.. J.*J M>'2H 102^41
114
S[,.UJack8'v.AC.,l«t,7»,'04.AAO
Wi«liltB<k8.W.,lst.7s,g.^)tiia..l!)0'.' Ul2
123
do l«tguar.(.'i64).78,'»4AAO
Atlanta A Charlottu Air L. -l8t,78 121
103>« 10«
Income. 6h
do 2d M. (360), 78, '98. JAJ
83
83>a
do 2il guar.( 188) 78,'98-JAJ
AUaiitluA rao.-lat48, 1937. .JAJ
24
ChlcA
Atlantic— 1st, 0s,1920.MAN
W. I). Inoomea, 1910
J&J
(.5
100
2d. da, 1923
FAA
Oeutral Division, old 6b
15
(Thic.
B.
A Q.— Cons, 7s, 1908. .JAJ
do
Incomes, 1922.
do
30
OOP. Id. gr. 68.1901
Baitlmnre AOhio
SSRolil, 1925
AAO 10l>«
F&A
F&A 107^
-New 48
108
C0U80I. Kold ,(«, 1988
rarKMrabiireBr.. 68, 1919...AAO 123
BohuylklllRiv. East Side As, 1925
JAD el09
BtenuiK, .^8, 1927
111
MAS «111 |113
121
1902. .MAS «119
do
1910. MAN «124 126
Balt.A Pot'o— l8t,68,g.,1911.J&,I 124
l8t, tunnel, 6a. «.. (t'rl, 1911. AAO 124
Beech C'reik-l«t,K'ld, 48.1936,JAJ
83
Bell's (iap—lBt, 78, 1893
JAJ
118
Belvtrteie Uel.— l«t,68,o.,1902.JAI! 117
Cons. 48, 1927
FAA 100
BoBton A Albany— 78, 1892... FA A t09>i 110
68,1895
JAJ Ul\ II214
100 >4
Boat. Cono. A Mon.—8. F., 6s,'89. JAJ 100
10U>4
Oonsnl. inort., 78, 1893
AAO 109
Conaol niort.. 6». 1893
AAO I04i« 105
»7>9 100
Boet.H.l'un.AW.dub. 5a, 1913 MAS
Boston A l>oweU— 78, '92
AAO } 103 1«8>«
68, 1896
JAJ §111 113
JAJI^IOS 107
5s, 1899
4a, 1905
has! 599 100
«>ta, 1903
M*N:§103 105
Boston A Maine—7b, 1893
JAJ1*112 U2><
78, 1394
JAJ 114 114>«
113>4
Bost. A ProTidenoe— 78, 1893.JAJ 113
Bost.A Kevere B'h— l8t,68.'97.J&J I10i« Ul»«
SO
Bradford Bord. * K.— lst,68, 1932
25
Bradf.EId.A Cuba— l8t.6s,I932JAJ
110
Brooklyn Ele.— Ist, 68, 1923. .A,tO
BterlinK,
68,1895
Bterllug niort., 68,
g.,
6«,)?.,
2d
uiortK. 3-58.
JAJ 'as"
1915
Brun». A West, lat, 48, 1938. -JAJ
B m. Brad. A P.— Uen.M.78,'96.JAJ
I
Baft.N.Y.AErie— lst.7a. 1916.J*D
Buff.Koch. A Pittsb.— Qen.Ss, 1937
B lU.A Souttiwest.-68, 1908. .J.&J
B ir.C. R.AN.— l8t.5s,new 'O6.JAL1
0on8.1st Aeol. tr., .58,1934. .AAO
Iowa C. A W., Ist, 7s, 1909 MAS
101
13J
87
U5>s
105
103 >«
C. Kap.I.F.A N.,l8t,68,1920.AAO
do
l8t, 5s,
AAO
1921
96 >s
110
110
103
Callfor.Pao.- l8tM.,4'»8,g.. .JAJ
2d M.. ea, it.,OQd C. Pao., '91.JAJ
8d M. (guar. C. P.), 68, 1905. JAJ
do
do
38, 1905. JAJ
Oal. so.- l8t be (Atch. guar.). .JAJ
Income
LI319
MAS
68, 19.:6
96
87
86
Camrten A Atl.— lat,78, g., '93. .JAJ
2d mort„ 68, ] 904
AAO 1">
Cous. 68, 1911
JAJ 110
Canada 80.— lstM.,guar.,1908,JAJ 105
2a niort., 5s, 1913
MAS 91^ 92
9914 102
Cai)eFfarAYad.Val.,lst,«8,l9l6..
CaroliuaC«i;t.— lst,6s,g.,1920.JAJ
2d. Inc., 68, 1915
3d, Inc., 68, 1910..
0»t»wl88a-Mort., 78, 1900.
AAO
. .
. . .
MAN 103%
8OI3
116»«
116
JAD
AAO
AAO
AAO
FAA
MAS
ni.
MAN
Clev.AM. Val.— Ist. 78,g.,'93.FAA
8.W.,lBt,B8,J&J)
Colorado Mid.— 1st, 68. 1936.. JAD
Coeur d'Alenc— 1st, 68, 1916 .MAS
Columbia A Gr.— 1st, 68, 19 16. JAJ
Tr., lat. 8s. '90...A&O'5l05
Peo.AH., Ist, 88,1889. JAjl}l02
5
2d mort.,
A
lat, 5s,
1934
1937
.
do
5s,
Col.
117>«
120
122
105
124
12414 125 ><
.
Cal.AOr.C.P.bond8,6s,g.,'92JAJ
Land grant M., 6s, g., 1890. AAO
Mortgage bonds, 68, 1936. ..AAO
West. PuClC, Ist, 68, g., '99. .JAJ
Oharl'teCol.AA.— Con8.,78,'95.JAJ
Chi. St P. A K.C.-l8t,g, .38,19 J6JA J
Chic.8t.P..Min.AOra.— Cou. 6s, 1930
Oh.St.P.A Minn. lHt,68,1918.\I*N
North Wise, Ist 6s, 1930. ...JAJ
91
82%
83
85>«
109
102
112
101
104>t
lis
108
107
110
A Xenla— lat M., 78,1390.MA.><
107%
111%
Det. B. C.
142>4 143 >«
110>s
111<4
95
9518
106
110
123>4
135
124
120
112
122
101
H9
\2H
8ff
109
Cuml). A Penn.— Ist 68, '91
MAS
Cuinborl.Val.— l8tM.,8s.l904.AAol
Dayton A Mich.— Consol. 53
JAJ 104 i4 104%
3d mort., 7s, 1888, now 2d. .AAO 100 101
Dayt. A West.- lstM.,6s, 1905.JAJ llO
lat mort., 78, 1905
JAJ 117%
Delaware— Mort., 68,guar.,'95. JAJ 117
Det.AB.C.lst,88,en..M.C.1902.MAN
130% 132
el05
107
102 "a
102
108
80<s
80
...-•«
79%
83
73
86
l8t mort, guar., 2>s8, 1905 JAJ
lat mort., guar 48, <m extension.
120
15
102
idi'a Deu. A R. G. lat 78,gold,190).MAN 121
lat con. 48, 1936
78%
lOO's
Denv.A Rio G.W.— l8t,6.i, 1311MA8 81
do
71
ib'j"
assented
Denv.S.P.APac- l8t,78,1905 MAN 71
101
DesM.AFt.D.— Guar.48, 1905. JAJ
105 »4
81
2d mort
A
Alp..l8t,69.19l3
..
.
JAJ 107% 108%
Det.G.HavenA.Mil.— Eiiiiip.68,1918 ell7 120
Con.M., 5«tiir84, after 6*.. 1911? el 17
120
Dei. L. A North.— 1st, 79, 1907. JAJ 5117% 118%
D(it. M^ick.A M.— Ixl. gr. 3i«8, S. A.
S8
Dub. A Dak.— lat il., 6s, 1919. JAJ
Dub.AS. City— I8t.2d Div. .'94. JAJ
DuluthAIronR.-l8t,.5s.l937.AAO
96%
D iluth 8 8h A Atl.—59,1937.JA J
92%
Dunk.A. V.A P.— l8t,7a.g..l900JAD no
E.Tenn. Va. A Ga.— Ist, 78,1900 JdtJ 121
Divisional, 58, 1930
JAJ
Ala. Cent., Ist, 6s, 1918
JAJ
E. Tenu. V. AGa.R'y.— I8t,58,l9.'>6. 1U2% 102%
JAD 93
l8t Ext., gold, 58, 1937
Eaat. A W. Ry., Ala. -Ist, 6a, 19261
I
Eaatem, Mass.— 68, g.,1906. .MA.S
Easton A Amboy-M.,58,1920MAN
Elizab.Lex.ABig 8.— 6«, 1902..\IAiAAO
WInonaASt.Pet.— 2d78,1907MAN I30i«
47
45
ElmiraAW'iuspfr— 1st B8,1910.JAj
Ott. C.F. A St. P., ^9, 1909.. MAS 107
Cent. KK.otN.J.— Ist, 78,'90.FAA 105
JAJ
North. Ilia., Ist, os. 19 10.... MAS
Erie A Pittab.- 2d, now lat
Gen. mort., 58, 1987
JAJ
Chic. ATomah.— l,st.6a.'05.MAN
Cona. mort,, 7s, 1898
JAJ IO0I4 10S3R
7s, oonv., 1902
122
AAO
Equipment,
7e,
1900
Pac—
6s,1917,coup
MAN
Ohic.R.I.A
J aJ
Ctonaol. M., 78. 1899
i22'a
lOttH Eureka Spr.- Ist, 68,gold.l9 I3FAA
Exten. A col. 58, 1934
Q—J
JAJ
Conv. deben. 68, 1908
Evana.AInd.- l9t,guar.,g.,(j8,1924
MAN 105's
Chio.AS.W.,l8t,7s.guar.,'99..MAN
119Ji
Am. Dk. A Imp. Co., 58,1921. JAJ 106
JAJ
Cmio. A St.Louie— lat68, 1915,MA3
lat, con., 1926
Leh.A Wil.— Oon.78,g.,1900,a88.6 114 115
Chlo. Santa Fe A Cal.-lst, 5s.l937 102
Evans. A T.H.,l8t oon.,68,1921,JAJ
Cent. Ohio— l8t M.. 6s, 1890. .MAS 102is|
AAO
Chlo. St. L. A Pad
Mt. Vernon— 1st, 68
Cent. Pac— l8t, 68, gold, 1895 .JAJ 11458'115
97% Evansv.T.H.AChl.— Ist, 68, g.MAN
Chlo. St. L. AP.— 1st, 58, 1932. AAO
lat, 68, Kold, 1896
AAO
Fitchburir— as, 1899
Chlo. A Gt. Eaat., iBt, 7b, 93-'95.| 104
JAJ Ill's'
11458'115
AAO
lat, 68, gold, 1897
JAJ
Col.A Ind. C, lat M., 78, 1904. JAJ 'j 120
58, 1900-01-02
lat, 68, gold, 1898
AAO
do
2d M.7s,1904.MAN $115
JAJ 114=8'
6a, 1897
AAO
B.Joaquin, l9tM.,68,g.l900.AAO 116
Un.ALogan8p.,lst,78, 1905.AAO 5115
78,1894
Cal. A Oregon, series B, tis, 1892 102
an. A Chlo. A. L., 1886-'90
5100
Flint A P. .Marq.— M. 68,1920. AAO
7
128%
Del. A Bound B'k— l8t,7s,1905FAA 130
112% Del.Lack.A W.- €onv.78,1892 JAD 108
Mort. 78, 1907
MAS 130%
Sinking fund, 68, 1929
do
58,1929
do
debent., 58,1933.MAN
Exten. bds. 48, 1886-1926... FAA
25-yr8. deb. 58, 1909
MAN
Eacan.AL.Sup., lat, 68, 1901.JAJ
Des M.AMion'8,lst,7s,1907.FAA
Iowa Mid., 1st M., 8s, 1900. AAO
Peninsula, Ist, conv., 78,'98. MAS
Chlo. A Mil., IstM., 78, '98. .JAJ
Mil. A Mad., 1st, Os, 1905. .M.&S.
Madison Ext., l8t, 7a, 1911. AAO
Menominee Ext..lst.7s,1911JAD
Northwest.Un., l8t,78, 1917. MAS
106>s
Conn. A Pasaump.- M., 7s, '93. AAO 111
Masaawippl, g., 68, gold, '89 JA.) 100
Conn. West.— 1st M., 7s, 190O. JAJ
l20
28%
l26ia Connecting (Phila.)— 1st, 6a ..MAS 120
Conaol.RR.oi' Vt., lat, Ss, 1913.JAJ i 85««
114
85%
Cor. Cow. A Ant.— Deb.ea, '93MAN|
114»8
Conaol., gold, 78, op., 1902.. JAD
133
119
113
123
117
124
124
115
IstM., 5s. LaC. ADav.l919JAJ 102
80. Minn, lat 68,1910
JAJ 111
Chic. A Pac. Div. 6b, 1910 .. .JAJ 1 18 «
do West Div., 5s, 1921. JAJ
Chic. A Mo. Riv. 5s, 1926. ...JAJ
Mineral Pt. Dlv., 5s, 1910. .JAJ lOOHi
Chic. A L. Sup. ulv., 5b, 1921JAJ el02
Wls.AMlnn.Div.,5s, 1921. ..JAJ
99
Teiminlaos, 1914
JAJ
Dubuque Dlv., 1st, 6s, 1920. JAJ
Wis. Val. Div., 1st, 68, 19'20.JAJ
Fargo A South.- 68. ass. 1924 JAJ
Inc. conv. sin. fund 5b, 1916 JAJ
Dak. A Gt. 80. 58, 1916
JAJ
AAO
AAO
lll'«
,
JAJ
1910
1
Ohio AW. Va. Ist.B. f. ,78,19 lOMAN no
99 •« Col.Springf.AC— lBt,7B,1901.MAS
Col. A Rome.— Ist, 6s, ga.Cent Oa. 106
Col.A West.— lat, 6a. guar Cent. 6a. 108
L'oio"'
AAO
MAN
Trnnk— lat mort., 1900
Ch.Atnd.CoalR'y,l8t5s,193d JAJ
Or.
Chlo. AMIl., l8tM.,78, 1903.JAJ
lat mort., oousol.. 78, 1905. .JAJ
lat -M., I. A D. Ext., 78, 1908JAJ
lat M.,68, S'thwest Div.l909JAJ
AAO
1926
6a.
do
CUlc. A Mich. L. 8. iBt Sa, 1889....
Chlo. Mil. A St. Paul—
P. du C. Dlv., l8t, 8s, 1898. FAA
P. D., 2d M., 7 3-108,1898. FAA
lat, $, gold, 78, 1902
JAJ
La. C, lat M., 7s, 1893
JAJ
I. AM., 1st M., 78.1897
JAJ
I'a. A Dak., Ist M., 78, 1899. JAJ
Hast. A Dak., lat M., 78, 1910. JAJ
10
112
SlOOis 101
SlOl
101 1*
5
Cln.
Con. 58, 1931
MAS
Gen. 68 gold, 1904
JAD
Col.AHock.V.— l8tM.,78,'97.AAO
do
2d M., 78, 1892. JAJ
Col. A Toledo— lat mort. bonda
East 111.— 1 8t mort. 6b, 1907
lat, con., 6a, gold,
A
Mid.— 1st, 88, 191 1. JAJ
Columbus Hocking Valley AT.—
Col.
85
Income bonda, 1907
Gen. con.,
100
lot
iXorj't
m
A
Income 68
Chic.
.
Belief.
Ind. M., 7b, 1899... JAJ
Olev. A Pitta.—4th M., 6a, 1892.JAJ
Conaol. S. P., 7b, 1900
Grand
A
.
.
Dixon
Ott. Osw. A FoxR.,88, 1900.JAJ'9125
QulnoyA Wara'w, l8t,88,'90.JAJt5l05
Atch'n A Nob.— lBt,7s,1907MA8iil24
Ohio. Burl. A Nor.— 5s, 1926
5 96
Chlo.
A
Afmic— iBt, 7«, '95. JAJ
A F. W.— ist, 7a, g. JAIJ
Cln.Band'ky A cn.— «», 190io..F.fcA
Cocaol. mort., 7a, 1890
JAD
Rich.
Rich.
A
Neb.RR,lBt,78,'96AAO
Dcbent. 6h, 1896
JAD
Clilc. A Can. 80.— Ist, 78, 1902 AAC
Chic Kan. A West'n.- lat, 88, 1926
Bid.
MAHJ120
Clev.AkronA Col.— l8t,6s,1926JAJ »103>4 103%
0<n. M.. g., 68, 1927
MAS t 96^
Cleve. ACanton-lst, 58. 1917.JAJ
92 "ai'i
Clev.Col.CIn A Ind — l8t7B,'99M*N
Consol. mort., 7s, 1914
JAD
18S
Cons. 8. F., 78, 1914
JAJ
Gen. oon. 6s, 1934
JAJ 110 111
Cons, 6s, non-ex.. JAJ
4s, (Nell. 1, 1910... JAJ
Om.A
BolfDS.
I.af .ACh.— lat, 7a,g., 1901.
lA\h.
Nor.— lat m. ,58.. ..JAJ
Bait. Short L., lat, 7s, 1900.. JAJ
Clearf.
Jeir.-lat.Oi, 1927 .JAJ
Neb. Ext., 4a, 1927
MAN
Bur. A Mo. K., I'd M., 7e,'03.AAO Jin's
Conv. 88,'94 ser.JAJ
do
Bar.AMo.(Neb.),lst.68,1918.JAJ
do
do
do
do
Cln.
Cln.
Cln.
Cln.
Oln.ASp.— 78,C.C.C.AI ,1901.AAO 112
78, guar., L.8.A M.S., 1901. .AAO 120
C-ln.Wash.AB.- l8t,gu,4>s»-6sMAN 100 100 •«
2d mort., 58, 1931
JAJ 72^^ 74
3d mort., gold, 3a-4B, 1931. .FAA
40%
Income 58, 1931
20
Boloto A Hock. V, l8t, 7s.. ..MAN
123
Atch.Col.AFac.,l8t,68,1905Q.— F 104'«
Atch.J.Co.AW.,lst,68,1905.Q,— F 103
110
Cent, of Ga.— l8t.oon8.,7s,'93^AJ 108
CoUafl trust 5s, 1 1*37
Iowa— Sew lat., 78, '99. JAJ
Inc. bonds," debt oerts.", 78,AAO
Eastern Div., lat, 68, 1912. .AAO
Ills. Div., 1st, 68, 1912
Cons., gold, 68, 1924
JAD
108
119
118
MAN
(Mc.A Northw.-Con.7e,1915.Q—
.FAA 120
CedarF. AMln.— Ist, 78, 1907.JAJ
67
Oedar R. 4 Mo.- 1 it, 78, '91
FAA 105
1st mort., 7s, 1916
MAN Jjl^SZ
Zdmort., 78, 1909, quar
JAD,} US
Cent. Br. U. Pac, lata, 68, '95. MAN 106
Ftmd. coupon 78, 1895
MAN 103
Atch. A Plke'8 P'k, Ist, Oa, g. MAN 104
Cent.
Bonds, 58, 1895
8s. 1901
5b, debenture, 1913
Iowa DIv. 68, 1919
Iowa Dlv., 48, 1919
4a, Denver Dlv., 1922
4a, plain bonda, 1921
RaILKOAD
Ask.
127
135
Pt. MadiaouAN. W., Ist 79, g., 190.)
Denv.
1st, 6*, 1921
I'JO-s 13138 Ft. Worth
A
C—
5122>4l
114
99
133%
"99%
119
51OO
Ull
5101
103
103
ioi'
118%
107%
101
51U3
103%
5103% 104
5ioj
111
n>i8% 110
121
133
89" "90%
Frem'tElk'nAMo.V.- 6s,1933AAO 5120 123
Unstamped.. 5118 119
do
do
Gal.Har.ASanAnt.— lst,69,g. 1910. 105%
JAD 104% i'Od%
2d mort., 78, 1910
2d mort.. 78, 1905
AAO 113 118
93
OherawADarl.— 2dM.,7a
102
Weat. Div. l8t, 58, 1931. ...MAS
2d, 6s, 1931... JAJ
Ohee. A Ohio— Pur. money fd.,189b
97
do
AAO *>« 72%
115
Berlea A, 1908
Gal.Houa.A Hen.— l8t,58
AAO
Cln. Hain. A Dayt.—(.011801.58 AA0I5 103 <« 105
JAJ
6s, gold, serlea B
Georgia— 7a, 1883-90
MAN
Consol. mort., 78, 1905
AAOi5ll9
JAJ 114 116
Keorg. com, certs...
75
112
68, 1910
Consol. mort.,6», 1905.
AAO
JAJ 107%' 108
1922.
lat,
6s,
Faoldc—
Extended 4s, 1986
I.,
I8t
M.,
H.
A
7a,
109
Georgia
MAN
Om.
1903.JAJ 6108
44 ...••«
KtM.rg. com. certs
2d mort
76
75% Cln. A Indlanap., lat., 78,'92..JAD §107
Ind.—
lat,
l.g.,
g-d,
78,
g. 5120
A
1887-92
28
Gr.Rap.
6s,curieucy,lnt. del. 1918. .JAJ
2dM..7a,
§l0d>4
107%
JAJ
27>s
lat .M.,78, l.g., gold,not guar.AAO )n»
68, 1911
IndlanapoUaC. AL., 7bo1'97.. .. 5ll2
AAO. 112'« 113
(105
..••«
Ex laud grant, lat 78, '99
Che«. O.A8.W.— M. 5-68, 1911. FAA lOttk 108
Ind'apoUsA Cln., l8t,78,'88.AAO 5 100
MAS 94%
Consol. 59, 1924
2d mort., 68, 1911
FAA 7ri>s 78 Cln. I. St. L. * Chic—Con. 6a, 1920 § 108
05
105
l8t,«s,l911.P.*A
Gr.B'yW.ASt.P.—
yheshire— 68, 1896-98
109
1936
l8tKold48.
6—
JAJ 5107 "n
3J
38
2d, Incomes, 1911...
hio. A Alton— l8tM.,7a, '93..JAJI 112
113
Cin.Jack..6.Mao.-lst,.5a,1936 JAD
92 >s
iulf Ool. A a. Fe— lat, 78,1909 JAJ 117% 118%
Sterling mort., 6a, g., 1903. JAJ el2»
126
Clu.Vau \V. A Mijh. 181,68,1901
92
9?i%
»»'>
98
31. rt<. irold. 1923
2d liico-nw. ««. h»:?0
Bds. Kan.C. llne.68.g..UM):<.M*N' 12 (ij 124 <«
d<i
U2la
IO9I2 HO>s
125
PaulA8.Clty,lst6s,1919.AAO 127
Chio.A W.Iud.—S.fd. 68, 1919 MAN
Generalmort., 6s, 1932
Q— M
Chlo. A W. Mich. 58, 1921. ...JAD 5 96
St.
—
.
'
rrlceuouimal; n<iiat«iran»aotion8.
§ t>iiroluiserai8Up«ysiu»)rued luierwi,.
eiuJLioaaua.
I
0>»>vaa vd.
«
lu AmstenluD.
THE CHRONICLE.
320
GENERAL QUOTATION'S OP STOCKS AND
[Vol. XLVII.
BO>f D3— Ooxti.vctbd
For Kiplanatlons See Note* aC Head of First Pa«;e of daatatlon*.
Bid.
BAII.BOA.D BOKDg.
Han. A St. Jo- Con. 6s,1911..M&8 117
Harris. P. Mt. J.
& L.— l8t, 4s.
.
19 1
1903 §100
Conn. West.-Ss
60
Ho'Bt.E.&W. Tex.— l8t,7B,'98.M&N
-J-ftJ
2d, 6e, 1913
J 23
m.,78,gnar.l891
Ist
Tex.Cen—
H.&
West. Div., 1st, 78, g., 1891..JcfeJ 123
Waco <fe N. W., 1st, 78,e.,1903.J&J 105
Hart.
Ask.
118
&
KAILROAD
Bid.
BOlfDS.
Maine Central-(Continned)—
L«eds A Farm'gt'n, 68, 1896.JAJ
Portl. A K.,Cons. M., 68, '95.AAO
Debenture,
68,
F&A
10-20
Bailsoad bohds.
Ask.
N. Y. Lake E.
Bid.
West.- (Coutin'd)
lstcon3.fundcoup.,7s,1920M&S 135ia 136
Eeorganizat'n 1st lien, 6s, 1908
10
Gold income bonds, 68, 1977
65
Lone Dock mort., 7s, 1893.. J&D 112ia 113
do
HO»a
con. g., 68, 1935 ..A&O
Ill
111
107
Man.Beacb Imp.,lim.,78,1909,MAS
Manitoba S. W. Col. R'y— 1st. 5s. ..
95
N.Y. & North.- 1 St g.58,192r A&O 1081a
Marietta Min.— Ist, Os, 1915. MAN
2d gold 48, 1927
J&D 5614
Mar'ta&N.Ga.- lst,6s,g.,1911.J&J
'92
§108
109
N. Y. N. H. &H.lstr.48,1903.JAD 110
Mar.J;0.,88,
O.—
Marq'tteHo.A
112
Cons, mort., 8s,1912.Tr. Tee. •>&0 lll»s
----- MOOis lom N.Y.Ont.A W.— l8t,g., 68, 1914.M&3
71
t>8,1908
Gen. mort. 6s, 1921, Tr. reo.A&O
J&D S)7is 98 N.Y.A.N.Eng.— Ist M., 78, 1905J&J 1221a
88,1923 (extension)
Hunt. A Br. Top -1st, 7s, '90..A&O 11514
96
JAD 95
l8tM., 68,1905
JAJ 1131a
68, 1925 (Mary. & West.)..
F&A 111
2d mort., 78, g., 1895
120
126
2d m.,68, 1902
l8t,7s,
1915.J&J
FAA * 104%
Chart.—
Memph.A
A&O 107
Cons. 3d M. 5s, 1895
J&J 120 126
2a 68 (scaled to 3s)
F&A § 97
2d mort., 78, extended
minolsCent.— IstClil.&Spr.'OSJ&J 114
N.Y.Pa.A O.— 1st, inc.,aco.78,1905
J&J 120
38
107
iBt consol. 78, 1915
J&J
Ist, eold.4s, 1951
126
do
prior lien,inc.ac.,5-6s. '95 el 10
94 1«
iBt, cons.. Tenn. lien, 78,1915 J&J 120
J&J
Gold, Siss, 1951
104%
Equip.
J&J
Trust
e
95
1924
5s,1908
MAN
Gold,
6s,
A&O 100 102%
Col. tr., gold. 4s, 1952
11478
2d mort. Ino
8
Mtitrop'n Elev.— Ist, 68, 1908, JA.) 114
Middle DiT. reg. 5s, 1921. F&A 113
1C6'<
314
MAN
3d
mort.
1071a
luo
cl08
1899
110
2d 68,
Sterling, 8. F., 5s, g., 1903. .A&O
66I4
85
Leased L. rental trust, per deb. 4s
Mexican Cent.— 1st, 48, 1911.. JAJ § 66
114
Sterling, gen. M.,6s, g., 1895.A&0 ell3
70
71
West.
ext.
certifs,
1876..JAJ|e
52
Bond
scrip
88,
J&D «108 110
Sterling. 58.1905
191« 19%
do
do
7s, guar. Erie e 52
Incomes, 1911
Chlc.St.&N.O.— let con. 78, 1897.
A&O §10414 105 N.Y. Phil. & Nor.— Ist, 1923 ..J&J
Debenture lOs, 1890-95
J&U
2d, 6s, 1907
JAJ noo lOOia N.Y. Susq. & W.-Deb. 68, '97.F&A
Scrip 10s, 1889
M&N
Ten. lien, 7s, 1897
45
46
1st refund., 58,1937
J&J 9414
Mexican Nat.— 1st, 68, Trust rec.
J&D 117
8b, 1951, gold
2d mort., 4ias, 1937
F&A
New let mort. 6s. 1927.... JAD 100 102
Ind. Bl. & W.— 1st, pf.,7s, 1900J&J 114
66
68
iViia
7.
Midl'dof
M&S
N.
J.-l8t,6s,1910.A&O
A,
lnc.,68,19]
95
2d M., Ser.
iBt mort., 5-6, 1909.Tr. rec.A&O
23
Nort'k AW.— Gen'l M.,68,1931 MAN 120
2d M., Ser. B,inc.,6s.l917'.. April 21
2d mort., 5-6, 1909. Tr. rec.A&O 74
ISO
New
115
1902.M
AN
River
Con80l.,78,
1st
1932
A&O
68,
231a 2414 Mioh. Cent.—
Income, 1921, Tr. rcc
Impr. & Exten., 68. 1934. ...F&A
M&N iim
»95
Consol. 5s, 1902
East.Dlv., 68.1921. Tr. rec. ..J&D
105
§;oi
Ad.1u3tment
Line,
88,
1890.
JAJ
1924
Q.—
78,
M. 109 la
80
Ist M. on Air
Ind. D. & W.— Gold, 53.1947.. A&O
10314
Equipment, 5s, 19J8
JStl)
50
Air Line, 1st M., 8s, guar.. .MAN
J&J
2dm inc. .'^s, 1948
122i«
1201,!
Conv.
MAS
deb.,
«s, 1894
1C3
J&J
6s, 1909
Ind. Deo.&8p.— l8t,78,1906.A&0
124
124
.
"
,
. .
.
. .
iim Clinch V.D., Ist equp.5s, 1957.... 9ft
MAS
58, coup., 1931
Nort'k APeter8b.,i!il, 88, '93.J&.I 112
Kalama2ioo&S.H.,lst,8s,'90.M&N 5 b'i li 103
80. Side, Va., ext. 5-6-8s,'89-t900 106
J.L.&8ag.NorthExt.,8s,'90.M&N
109"
iosifi
do
104
Con8.l8tM.,8s,'91.M&S i
2dM.,ext..'i-68,'89-1900 104
do
do
M&S 1031a
3dM.. 68, '96-1900.J&J 101
68,1891
do
691a
120
Va.ATenn.,4thM.,88, 1900.J&J 122
Joliet & N.Ind..l8t,7s (guar.M.C.
Ionia & Lansing— 1st 88, '89.
J&J 5l02'ii 104
do
extended 5s,l900.J&J lii3
Mich. & Ohio— l8t, 68, 1923 ..M&N "98'
Iowa City& West.- 1 st,78,1909M&S
101
North Penn.—lst,78, 1896. ...M&N 120
Midd. Un. & Wat. Gap— 1st mort..
I'a Falls & B.C.- l8t,78,1917.A&0 5 '301s 131
80
75
Gen. mort., 78, 1903
117
J&J 127
2d mort. 5s, quar. N.Y. 8. & W..
Jachsonr.S. E.— let, 6s,1910...J*J
119
Northea8t.,S.O.— 1st M.,8s,'99,MAS 125
100
Mil.L.Sh.AWest.— l8t68,1921.MAN
Gen. rriort. 68,1912
J&J
92'$ 93
91
2d mort., 88, 1899
F&A
M&^ 123
Cony. deb. 58, 1S07
Ch. F.&Sr.L.,l8t,E8.g.,1928.M&8
97Js 98
JAJ 111 113 Northern, Cal.— Ist, 68, 1907. .J&J
Mich. Div., l8t, 6a, 1924
Lltch'ld C.& W., l8t.68,1916.J<fcJ
Northern Cent. 414 per cent. .J&J 1041s
100
Ashland Div., Ist 68, 1925. .MAS 112 113
l.oulBville & St. L., 58, 1927.A&0
103
3d mort., 68, 1900
A&O 120
l8t, incomes
Jefferson— l8i mort., 78, 1889. J&J 100
L14
98 100
116
Con. mort., 6e,g., coup., lOOO.J&J
St. P. E. A Gr. Tr'k, 1st, guar., 68
Jeft. Mad.&Ind.— l8t,78,1906.A&0
109
Mort. bds., 58, 1926, series A J&J 110
2d mort., 78, 1910
MU. A No.— l8t, 6s, 1910.. JAl U8
J&J llbis 121
109
1071a
do
series B
Janotlon (Phil.)— l8t,4>as 1907 J&J
1st, 6s, on extension 1913. .JAI
100
Con. mort, stg. 68, g., 1904. .J&J
K.Bnawlia&0.— Isttjs. 1936 J&J 70
Minn'p. ASt.L.— IstM. 1927. JAL
99% 100
North. Pac, P. D'O Div.— 6s,M&8821s 95
Kan. C. Clint 'n & Sprlnsfleld- 1 e,58
let M., Iowa CityAW 1909.J&D
90
U5ii
Mo. Div. 68, 1919
J&J
M&K
K.C.Pt.8cott& G.— l8t,78,1908 J&Di 115
2d mort., 7s, 1891
80%
Gen'l 1. g., l8t, 6e, 1921
Pleas. Hill &De Soto, 1st, 78,1907 1201s 122
8outhwe8t.Ext.,l8t,7a,1910.JAD
J&J 110
95 110
Gen. land gr.,2d. 68, 1933.. .A&O 112
Kansas C. Lawr. & So. 1st. 68. 1909 i i '4 115
Pacific Ext., 1st. 68, 1921.. AAO
Gen. land gr., Sd, 6s, 1937.. JAD
Kan.C. M.&B.-lst, as, 1927.M&S
94% Imp. A Equip. 68,1922
JAJ
i-Sij
85
Dividt'iid scrip ext
Kan.C.& Omaha— lBt,5s,l91i7 J&J
Minn'p. A Pac, Ist, 5s. 1936 JAJ
JAJ
K C.St.Jos.&C.B.- M.78,1907. J&J 1201s 121 Mmn.S.Ste. M. & Atl.-l8t,5s,ln2B
JamcB Riv.Val.— ;8t,g.,68,'36JAJ 104
95
K C.F.8ii.&Mem.--l8t,68,192S.M&N
111% Minn. A N. W.— Ist, 58, 1934.. JAJ
Spokane A Pal., Ist 6s,1936.M&K 102
92 Hi
Kan.C.Wy.&N
-l8t5s.l93-i.J&J
et.P.& Nor.Pac. gen.6s,1923.FAA 117
Mlss.ATenn.— latM.,88,8eries "A' 120
Ken. Cent. Ky.— Gold 48, 198r.J&J
73
JAJ 110
Hel6na&RedMt.l6t,6i,1937M&it
8s, series "B"
96
Kwokuk&Des M.— lst.58,guar.A&0
95
106% Mo.K. & Tex.Con8.78.. 1904-6. FAA
Dul. A Man., 1st. 6«, 1936.. .JAJ
Kings. & Pemb.— 1st. 6s, 1912 J&J 105
Dak. Dlv., 1st 8.f. 68, 1937. JAD
Consolidated 6s. 1920
J&I)
661s 67
99
Knoxv. & Ohio 1st, 68, 1925... J&J
100
Consolidated 58, 1920
J&D 61 13 61% Hel. B. Val. A B.,l8t,68,1937M&N
LakeE.&West.- l8t,g.,58,1937J&J 100 1061s
Drum. A Pet., 1st, 5s, 1937. .J&D
2d mort., Income, 68, 1911. .AAO
LaJte Hhore & Mich. So.—
HoUna&N'rth lst.58,1937.J&D
1st, 6s. g., 1899. (U. P. S. Br.) J AJ
CI. P. & Ash., new 7s, 1892. .A&O 11218
1061a North. Pac. Ter. Co. -lst,68,'33. J&J
Han. A C. Mo., 1st 78, g.,'90.MAN
Bnfl.&E., new bds, M.,7s,'98.A&0 122
113
Norw'hAWorc'r—
l8t M., 6s.'97.J ii,t § 112
Mo. Pac— Consol. 68, 1920... M&N
Buff. & State L., 7s, 1886. ...J&J
Pac. of Mo., 2d 7s, 1891
J&J 105% 10614 Ogd'nsb'g&L.Ch.— 1st M.6s,'97,JAJ § 101
103
Det.Mou.& Tol.,lst,78,1906.F&A iifeia
13
Sinking fund, 88,1890
AAO
M&8 §103
Ci-r, B., Ist ,63, g. 1893
Kalamazoo Al.&Gr.E.,l8t,88.J&J
98
Consol. ,68, 1920
FAA 97
iBtex-,. g. 48. 1938
A&O §100
IO5I3
Kal.& Wh. Pigeon, j9t,78,'90..J&J
Income, 38&6sl920
30
M&N 117 120
3d mortgage, 7s, 1906
Dividend bonds, 7s, 1899. ..A&O 123
125
M&9
Ohio & Miss.— Cons.,8.fd.7s,'98 J&J 117
Trust, sold, .'is, 1917
L. 8.& M.S., cons., ep.,l8t,7e. J&J 126
127%
102%
Verd.V.Inrt.&W.,lst,58,1926M&S
Cons, mort., 7s, '98
J&J 117
125
do con8.,reg.,l8t,7s,1900.Q—
2d mort., 78, 1911
Leroy A C. Val., ls',5s.l926.JAJ
A&O
do ecm8.,cp.,2d,78,1903..J&D 124% 12514 MobileA Birm.— Ist. 58, 1937
1st gen 58, 1932
J&D
do cone.,rcg.,2d,78,1903.J&D 124% 1251s Mobile & O.— Ist, g'd, 6s, 1927. J*
l8tmort.,8pringf.Div.,1905 M&N lOSis
1131a 114
Mahoning Coal RB. 1st, 5s. .J&J 105%
Ohio River BR.— 1st. 58. 1936.J&D 100
Collateral trust 6s, 1892 ....J&J 102
lAwrence— 1st mort., 78,1895.P&A
Gen mort.. 48, 1938
Gen. gold, 5e, 1937
M&8 471s
A&O 80
Lehigh Val.— 1st, 68, 1898.... J&D 11914
104
Ist extension 68, 1927
Ohio Southern— Ist 68, 1921... J&D 10 JH
Q—
Zd mort., 78, 1910
M&8 138
74
St.L.A Cairo— 48, guar., 1931.JAJ
income,
721s
2d
68, 1921
Gen. M., s. t., 68, g.,1923
J&D 133I2
Morg'n'sLa.ATex.,l8t,6s,1920JAJ 110%
)ld Colony— 68, 1897
F&A §114
L. Miami- Keuewal 5s,1912..M&N 41111a 1121a
Ist mort., 78, 1918
AAO 120
68, 1895
J&D §112
I..K0CK& Ft.S.— l8t,l.gr.,7s '95.J&J 108t lOPij Morris A Essex— 1st, 7s, 1914 M&N 143
M&8U14I4
78, 1894
Little Ruck & Memph s— New os..
71
75
2d mort, 7s, 1891
4ia8, 1904
§ioa%
F&A
1071a
AAO
Long Island— 1st M.. 78, 1898. M&K 1211*
125
Bonds, 7s, 1900
J&J
Bo8t.C.AFitehb.,l8t,7s,'89-90JAJ § lOfs
iBtoonsol. 58,1931
Q— 114
127
General mort., 78, 1901
126
AAO
B.C. F. AN. B.,58, 1910. .JAJ Ull
Newtown & Fl., Ist, 78, 1891/.
Consol. mort. ,78, 1915
JAD 138 139 Is
N. Bedford BR., 7s, 1894 -.J&J § HI
N.Y.& Man. Beach. 1st 7s,'97,J&J 115 1171s Nashua & Lowell— Os,
107
OmahaASt. L.— 1st, 4s, 1937.. J&J 71 «
g., '93 .FAA ,106
N. Y. B. & M. B.,lBt con. 08, 1935
IO5I11 Orange Belt^lstmort., 6s, 1907...
58, 1900
,104
Lou'v.C.A Lex.— l8t,78,'97 J&J (ex) 5U5
116
Nashv.Ch.A 9t.L.— Ist, 78,1913 J&J 129 129% Oreg. ACal.— 1st os, 1927
JAJ 95
2d mort., 7s, 1907
A&O 5119 120
2d mort., 68, 1901
Oregon ATrauscont.—6e,1922MAN
J&J 1071s
Lou'v.Ev.&8t.I^l8t6s,1926.A& ) iU3% 104
Consolidated gold .'58. 1928. .AAO
100
Osw.&Romel8tM.,78.1915.M&N
§U-3
2d mort., 2-6s, 1936
A&O 54 55 Nashv.A Decatur— l8t,7s,1900. J&J
Panama— Sterl'g M., 7s. g. '97.A&0 eluO
Louis. & Nash.- Cons. 1st, 78, 189S 119% 120
Natchez Jack. & Col.— Ist, 7s, 1910
Sinking
fund
sub.,
1910.
6s,
M&N
Oecllian Br., 78, 1907
M&8 104 18
New'kS'set&S.— lst.7s,g.,'89.MAN
100
Subsidy bonds, Eng. issue, 68.... e 99ia
Leb.-KnuxT. 68, 1931
MAS
N. J. Junction, 1st, 48, 1986. .FAA
104
Penn.KK.-Gen.M,68,cp.,1910Q—J 131 is
Louis. On. A Lex., 6s. 1931. M&N 109
110
N. J. A N.Y.— lat, 88, 1910 ..MAN
Oons. mort., 6s, 1905
O—
Mem.&0.,8tl.,M.,78, g.,1901J&l) el20 122
N. J. Southern— Ist M.,new 68.JAJ
Collateral trust, 4ias, 1913. .J&D 108
M.AClarkBv..st'g,68,g.,1002 F&A ell3
115
N. O. A Gulf.— Ist, 68, 1926. .MAN
Consol.
1919
J&D 115
58,
V. O. A Mobile. Ist 6s, 1930. J&J 11314 115
N. O. A Northeast.— Prior 1.68.1915
Penn. Co., Os, reg., 1907
O.—
do
2(1, 68,1930.. ..J&J
99»a
N.Y A Can.-£M.,68,g..l904.MAN eU7 119
l8tM.,4ias, 1921.'J&J 107
do
Fensacola Div.,l8t,68,1920..MAS 100
N.Y.C.A Hud Rlv.— Exi'dSs. M&N LOS
Penn.A N.Y.Can.- Ist. 78, '96. JAD 117
8t. Louis Dlv.. Ist, 68, 1921 .MAS 1151s
Mort., 78, coup., 1903
13514
JAJ
1st mort., 78, 1906
J&D 131
do
2d., 3s„ 1980. MAS
6u
Debenture 5s, 1904
la 110% Pensacola A Atlantic -lat m.. F&A
110
MAS
Hash. A Deo., 1st 78, 1900. ..JAJ 118
Sterlingmort., 6s, g., 1903. ..J&J el25
1^7
Peo. Dec. A Ev.— 1st, 6s, 1920. JAJ 108"
E. H. AN., I8t6s, 1919
JAD 114
N.Y.Chio.& St.L.— New l8t,4s,1937
SII4 92i«
2d mortgage, 5s, 1927
75
Gen 1 mort., 68, 1930
JAD II3I3
N. Y. Elevated.— Ist M., 1906.JAJ
Evansvllle Div., 1st 68,1920.M&s 105
1161s
8o.ANo.Ala., 8. F. 6B,1910AAO 100
N. Y. A Greenw'd L.— Ist M. inc. 68
28
Peo.&
Pekin Un.— lst,6s,1921.(i-F 107
Tni/>t bonds. 68, 1922
Q— 10ji« 10»ia 2d mortgage income
6I4
2dmoit .4>ss, 1921
Q—
70
Ten-forty 66. 1924
flAN lOlia
AHarlem—7s,coup. 1900. MAN 13',2l4
Perkiomen— Cou8.6s„19l3,8teriing elOO
60-year gold, 58, 1937
MAN 99% ib'i N.Y.
N.Y. Lack.A W.— l8t,68, 1921. J&J 13II4
Petersburg -Class A, 1926
JAJ
I0414
Cul. tr, gold, 58, 1931
MAN
99% •2nd, 58, guar., 1923
FAA lU lllifl Class B, L926
AAO 103
I'Misa. & Atl.— l8t,68,gu,'21.FAA
9.<
94 14 N. Y. Lake Erie A WesternPhUa.A E.-Qen.guar.,68,g.,'20. JAJ el30
L'ev.N.A.AChlc— lst,6s,1910. JAJ 1131a 11419
let mort 7s, 1897, ext
MAN
119
Consol. 5a, 1920
A&O
Con. n'.ori. 68. 1916
96I4
A&O
2d moi-t. exteu., 5s, 1919 ...M&S
11
Phlla. A Read'g— l3t, 68, 1910.JAJ
Ind'ap. Div., «s gold, 1911.. FAA 101
103
3d mort. ex. 4ias, 1923
M&S 116
2d, 7s,1893
113is
A&O
LytoT.N.O.ATex.-lst,4s,1934M&8 B5>a
4th mort., ext., 58, 1920.. ..AAO 118
Consol.M.,78,1911, reg.&cp.J&D 136
2d mort., 58, 1934
MAS 40
5th mort., ext., 48, 1928
J&D 101
Consol. mort., 6s, 1911
J&D
121
Maine Cent.— Mort. 78, 1898... JAJ ill 9 121
Ist oons. M.,78, g.,1920
136
M&S
Improvement mort., 68. '97. AAO li 5
JkXten. bonds, 68, g., 1900.. .AAO 110
112
New 2d cons. Gs, 1969
J&D 991* too
Cons. 58, 1st series, 1922
MAN
99%
Oons. 78,1912
I32I3
A&O
1311a
Collateral Tr. 6s,1922
M&N "96"
Deferred income
21
Animni-og. .» Kfn.. 8».1HP0
;t02
103
Fund. .%s. lOfift
.T.frn
'8' nref. inc.. .'Ss. 201(1. 19.^8
F
S-'s
•iTlco uominai; no late traasaoinmS:
JPMiohaser aieop .>« aooiued mtaiest.
cln London.
llCoupon oft.
t In PranBorU
rnd'polls&St.L.— l8t,7s,1919.Var.
Ind'apoUsA Vin.— let, 78,1908.F&A
2d mort.. 68, g., guar.,1900.M&N
Int. & Gt.North.—l8t,6s,1919.M&N
M&8
Oonp. 68, 1909
§112
115
103
103
AjA.
&
57
il2ia
123
114
105 14
98
39
114
97
8ifl
3%
87
57
57
104
9519
76
114 '8
121
117
108
120
106
.
124
—
.
119
109%
112
11614
113
100
W
—
,
1
i
101%
101%
105%
114
102
IO4I4
IOOI4
35
100
109
105
4378
11414
1121s
115
1041a
102 14
113
113
731a
102
!
.
ios'
tOOif
132
125
IO914
.
i
,
,
!i
.
761s
106
71
110
1O6
1071s
132
114
125
100
89"
SBPTfHBRR
IS, less.
THE
I
(JHROXKJLfc.
321
OBMERAL
QU0T.^.T10^JS OH* STUUKS A.^iD BOVDS—CovriyaBO.
For M«plan«tlon< «!•« >H>t«n «t H—4 of Plr«C Par* of <>not«Hon«.
RAILROAD
Bid.
BOITDB.
Phllnil.'I.A RendtnR— (nnn)lnitr<l)—
lit prif. Inr., fis, koIiI. 195S
Fi
3(1 pref. Inc., f 8, iiiilil, 11158... P,
Ken. niort., 411, 1958... J<*J!
TftTe
108
9
110
6b.
5«,
AAO
1900
1010
jad4ic4 106
JAJ 100\ 101
TniHtiort*. 48,1021
Pine Crc'k 6», 1»32
JAD 100
120
AAO '110
PlttHli.C.fe St.U— l8t,78,1900.FAA
P1ttJ<l).('l..»Tol.-li>t,««, 1922.
.
I
.
'
A Tex.
9Hia
lat 6s,1936.MAN
68. I!i36
Bt. L.
Chic— 1 St con. 68,1927. JAJ
8t. L.
Iron Mt.— l8t,78, '92
2d mort., 78, «., 1897
Ark. Br. 1. gr., M., 7e, g., '95.JAD
Bt. L.
Ark.
A
A
FAA lo7%
MAN
108
!»1
107 Si
IO4I9
89
Gen. con. r's' A 1. g., 58,1931AAO
Bt.L.A8anFr.— 2dcl. A,1906..MAN
117
8dM.,ola88B, 1906
MAN
2d M., class C, 1906
MAN
Kan.C. A8w.,l8t,68.K.,1916..JAJ
A
O. Ist, 68
Equipment
7e. 1895
General mort.. 68, 1931
General mort., 58. 1931
lat trust, «.. 5s, 1987
109 •«
110
1081a
Cairo Ark. A T.,l8t,78,g.,'97.JAD
Cairo A Ful., l8t,l.j!;.,78,g.,'91.J(SiJ
Pierre C.
98%
38 M
37
20
FAA
2d mort..
FAA
JAD
87
118
117%
118
105
J<feJ
U5is
JAJ
102
Ft.S.A V.li.Bd..l8t,68, 1910.AAO
St.L.K.ASo.W. -1st 6a. 1916MAS
Kan. -Mid., lat, 4a, 1937
JAD
Trust bonda, 68, 1920
FAA
105
AAO
St. L. W. A W., 6e, 1919
MAS
8t.L.Vand.AT.H.-l8tM.,78,'97.J.ftJ
2d mort.. 7e, 1893
t
t
MAN
MAN
..
113%
..
Ill's
H4is
106
108 >i
110
2d,78.giiar., 98
St. P. A Duluth— l8t, 58. 1931. FAA
BtP.Minn. A Man.— Ist 78,1909 JAJ
2d 68, 1909
AAO 121
Dak. Ext.. 68. 1910
MAN 118
l8t conaol. 6e. 1933
JAJ 117
do
reduced to 4'«8 ..JAJ
97
Minn's U'n, Int. 6a, 1922
JAJ
Montana Ext., lat.48. 1937. JAD
MontanaCent.— I8t. 68, 1937JAJ
87%
SO
8anAnt.AA.Pas8.,l8t <J8,1916.JAJ
do
lat,<i8,lH26.J*J
92 >s
114
1171s
97%
87i«
iim
92
S3
8«ndu8kyMansf.AN.— lat, 78,1902 117
Bav. Fl. A W.— l8t. 68, 1934. .AAO
At. A Gulf. eon. 78, '97
JAJ
So. Ga. A Fla.— lat, 7s, 1899
2d, 7", 1«99
MAN
Seaboard A Roan.— 6s, 1916., FAA
58. coup., I!i26
JAJ
Seat.L.S.AE.- l8t,gold,68,'.^l.FAA
Boloto Val.— l8t.7s.8ink'gfd..J,kJ
2d mort., 78, aink'gfd
Oon8ol.78, 1910
JAJ
AAO
Sham. .Sun.ALew.—l«t,58,'12 MAN
Shiim.V.A Pott.s.— 78, ecu. 1901 JAJ
Shenandoau Val.-lst.78, 1909. JAJ
General mort., 68, 1921
AAO
Shreve. A Houa.- Ist. «s, gu., 1914
Slooz C. A Pftc., let M., 68, '98. JAJ
114 Jll5
116 117
110
97 la
II
99
69
65
JOO
98
71
Price nominal.
$
118
r«x. Cent.-Iat,8k.rd..78,19<>9MAN
lat mort., 7s. 1 911
A New
MAN
m"
91
Orlpans-lat,7B.FAA
Babble Dlv., 1st, Oa. 1912. ..MAS
r-x. A P. - i;«8t.D.l8t68,1905.MAS
lat gold. 68. '2100
JAD
2d gold Inc.. ."^B. 'iOlO
Mch
i'os
108
0378
43
rol.A.Ar.AN.M.— l8t,6a.l924.MAN 101
Tol.A.A.AOr.T., lsf.(is.l921.JAJ 104
Tol.A.A.A M.P..lst,(ia. 1916. MAS
9>a
Tol.A.A.A ral.,lst.0H.1917. MATol. A Ohio Cent.— lat, 5a, gii.l»3.'\
99 ij
77'*
Tol.PeorlBAW.— Iat.48.1917....JAJ
94 Ig
43 M
102
lot)
102
102
KO
Bell's
BM.
Aak.
SO
BO
90
.'
Gap
KO
Belleville* 80. ru., pref
Beaton A Albany
100
Boat. Con. A Montreal. Pref., 6.100
Boston Hooeso Tun. A Weatero
Boston A Lowell
100
Boston A Maine
100
Boston A N. Y. Alr-Llne, pref.. 100
BoBt<m A Providence
100
Boston Revere Beach <% Lynn.. 100
Brooklyn Elevated., new
Brooklyn AMontauk
100
do
Pref
100
Buffalo Rochester A Pittsb
100
do
100
pref
Burlington C. Rapids A North.. 100
50
California Pacific
California Southern
93>a Camden A Atlantic. Pref
100 4I?
Tol. 8t.I..AK.(\,lst,«a,l9l6...JAD
92>9
SO
U.ilted Co's N.J.—Con8..68,'94.AAO
Canada Southern
100
do
gen. 4b, I<i>3
FAA 104
Canadian Pacific
100
S'erllng mort., 68, 1 894
MAS «110 112 Catawleea
50
do
68,1901
MAS el2 3 124
do
50
lat pref
Cam. A Amb.,mort., 68, '89.MAN 101 101%
do
50
2dpref
Union Pacltto -Ist, 68, K., 1896. JA.1 113>I
Cedar FallsA Minnesota
100
Ist, 6a. 1897
JAJ 114
Central of Georifia
100
11.1 '8 Central Iowa, 4th assesm't pd.100
let, 68, 1898
J.SJ
Ist, 6a, 1899....
JAJ 11.', sg iia
Central Massaohusette
100
f*nd Grant, 78, 1887-9
AAO 103
do
pref... 100
Sink. F., 88, 1893
MA? 116 118 Central of New Jersey
100
O n. Bridge, sterl. 88, g., '96.AAO el'JO 125 Central Ohio
SO
Collateral tnist, 6e, 1908
JAJ
do
Pref
50
CoUateral trust, .'5a, 1907... .JAD
Central Paclflo
100
Kans. Pao., lat, 0a. 1895. ...FAA 110
Charlotte Col. A Ang
100
do IstM., 68, 1896
JAD 111
Chesapeake A Ohio, reor oert. .100
do Deny. Dlv., 6s
MAN 111
do
do
l8t prer.
100
do let cons. M. 68.1919 MANI 109ifl 110
do
2d pref. do
100
Oregon Short-L., 68. 1922 .. FAA 107»«;
Cheshire, pref
100
UtahCen.— l8tM..6a, g.,1890.JAJ 90
100
CblcagoA Alton
U«ah So., gen., 78, 1909.... JAJ
100
do
pref
100
do ext,l8t,7B,lS09JAJ
94
Chicago A Atlantic BeneHclary
UEloa ABl'k R.— Mort.,7«,"91.J.t.l 5104>«
Chicago Burlington A North.. 100
105i» Chicago Burlington A Qulncy..lOO
Valley of Ohio-Con. 68, 1921. MAS ....
Ver. A Mass.— Guar. 5a, 1903 MAN }103
105
Chicago A Canada Southern
VlokBh. AMer.- 1st, 6a. I921.AAO
93
98
Chicago A East. Illlnoia
100
2d, 4-68. 1921
MAN 48
do
pref
100
3d, Income, 78, 1921
5
3
Chicago A Grand Trunk
Vieksb. 8h. A Pac. Prior Hen, 6e, cl07
109
Chicago A Ind. Coal Railway.. 100
Va.Mldl»nd-l8t8er.,68,1906.MAS 114% 117
do
do pref.. 100
2d aeries, 6s, 1911
MAS 114 11U1« Chicago Milwaukee A St. Paul. 100
3d aeries, 5-68, 1916
MAS 103
do
pref., 7.100
1th aeries, 3-4-5s, 1921
60
MAS 97i4
Chicago A North Western
100
99
5th series, Sa, 1926
MAS
do
Pref., 7.. 100
Incomes, onmal., 6a, 1927...JAJ
Chicago Rook Island A Pao
100
Gen. fts, guar.. 1936
MAN 83'8 84 Ohio. St. I«ui8 A Pitts
100
Wabash St. liOuls A Paclflcdo
pref
100
l8t,ex.,78,'90
FAA 112'*
Chlo. St. P. Minn. AOm.,com..lOO
86
90
Mort., 78, 1879-1 909. Tr.rec. AAO
do
pref.. 100
91
2d mort., 78, ext. 1893, ex. .MAN
Chicago* West Michl«[an
100
Equipment 78, 1883
Cln. Hamilton A Dayton
MAN 10
100
42
Gen.. 6s, 1920, Tr.rec
Cin. Indianap. St. Louis A ChlclOO
JAD
89ifi 90
Chlo. Div., 58, 1910 Tr. reo .JAJ
Cincinnati S. O. ATex. Pao. ...100
Havana Dlv., 68, 1910
.50
Cln. Sandusky A Cleveland
JAJ
Indianap. Dlv., 68, 195^1 ....JAD
do
Pref., 6.50
Detroit Dlv.,69, 1921 Tr. rec.JAJ 110
Cincinnati A Springfield
88
Con8.mort..7s,1907,«onvert.(J—
Cln. Washington A Bait
100
1st. St. U dlv., Vs, 1889
do
pref.. 100
FAA 110%
Gt.WeBt.,Ill.,l8t,78,'88
100
FAA IIII1II4 Cleveland Akron A Col
90
do
2d, 78, '93.... MAN
Clev. Col. Cln. A Indianapolis.. 100
80
Q'ncy ATol., lat, 7a. '90. ...MAN
Cleveland A Canton
Ul.A8.Ia..l8t, 68, 1912
do
do
Pref..
FAA 85
8t.L.K.C. A N. (r.est. A R.),78.MA8 109
Clev. A Pittsburgh, guar., 7
50
do Om.Div.,lat78,1919.AAO
Colombue* Xenia, guar., 8
50
33
do Clar. Br., 6a, 1919.. FAA
.. ...lOO
Col. Hock. Val. ATol...
do No. Mo., Ist, 1895...J.fe.l 114
Columbia * Green vlUe.prel
100
105 >« Concord
do St. Cha's Bridge 68, 1908
50
Wab. Fund, 1907- Var. 78. FAA
Concord A Port8mouth,guar.,7 100
Warren (N.J.)— 2d, 7a, 1900 ..AAO 117
JOO
Connecticut A Passumpalo
West Chester—Con. 7s, 1891. .AAO 109 >« 110
Connecticut River
100
W. Jersey A At. lat M.,6sl910MA8 104
Danlmry A Norwalk
50
70
West Jersey -Ist, 68, 1896
JAJ
Dayton A Michigan, guar., 3is. .50
164
1st mort., 78, 1899
Pref., guar., 8.50
AAO 123
do
Consol. mort., 6s, 1909
AAO
Delaware * Bound Brook
100
103 14 Delaware Lack. A Western
West Shore— Guar. 4s
.50 l*2H 142''«
JA.I 103
211, 211*
WeatVa C.&Pitts.- l8t.69,1911JAJ IO6I4 106% Denv. A Rio Gr
100
Wfist'n Ala.— Ist M., 89, '88. ..AAO 102
preMOO 511s 52 >•
do
do
106
17
2d mort., 88, guar., '90
Western.
100
AAO
Denver A Rio Grande
9
West.Maryl'd- 3d en.,08, 1900.JAJ 118
100
71s
Des Moines A Fort Dodge
10
29
Wcat..V.Y.APenn— lat.oa.l937JAJ »3'8 94
Pref.. 100
do
do
30
45
2d m.. 3s g.— 5s ac. 1927 ...AAO 39'* 4()
Dat. Lansing A Noirthem, com .100
88
Warren A Frank., l8t,79,'96PAA 114 115
85
do
do
Pref. 100
W'nNo.Carollna-l8t,78,1890.M&N
7Dabnqne 4 Blonx City
100 75
89"
Conaol. 68, 1911
"sa"
4
JAJ
DnIuthSo. Sh. AAtI
22 >•
iVest'nPcnn.- lat M., 68, '93. .AAO
20
Pref
do
IOI4 10%
Pitts. Br., lat M.. 68, '96
JAJ 110
EastTenn. Va. * Oa. Ry
100
71
68
WheeliiigAL. Erie— lst,58,... 1926 100%
do
l8t) pref.. 100
do
25
Wichita & Western— lat, 68
do
2d pref... 100 24
JAJ
do
Wilin. Columbia A Aui.'usta, 6s
ll?"* East Pennsrlvanla
40 54
117
Wil.A Weldon—S. F., 7a, g., '96. Jit.1
East A West, Alabama
WimmiiAS.^V.— l8t,6i.g.,It>28.AAO
Eastern (Mass.)
100 111 111>«
88i« 89
Wisconsin Cent. new let, 5s
do
Pref
100 129 131
j5
41i« 42 14 Eastern in N. H
Incomca. non-ciim.. .'is
100 loim no
20
Wis. Vallev— l8t,78, 1909
lOO
Elizabeth Lex. A Big Sandy
JAJ §122»s 123
105
% orc'r A Nashua— Sa. '93-'95. Var.
ElmiraA Willlamsport, 5
50 47
67
Nash. A Rocli.. i!niar..Sa.'94.AAO
104
Pref., 7.. 50
do
9714 EvansvlUe A Terre Haute
Zanea. A Ohio R.— lat,G<,l;>16 FAA
50 89
8l>s
!«XU4^K8.
100
Par.
Fitohburg. Pref
41
lOis Flint A Pere Marquette
lOo 40
Ala. Gt. South. Liiu., A., 68,pref..
Pref.. .100 100% 101
do
lAm., B, com
4
do
34>a
1»8' Port Worth * Denver C
100
Ala. N. O. A Pac, Ac, pref
do
do
def
hi Galv. Harrlab. * San Antonio
14
12
Albany A Susqaeh., Gnar., 7...10«)
Georgia Paclflo
Allegheny Valley
Georgia Railroad A Bank'g Co. 100 197 199
,50
12
8
AtchlaonTopeka A Sant»Fe..l00 BH'a 89»» Grand Rapids A Indiana
11
10
82it| 84
Atlanta A Charlotte Air Line ..100
Green Bay Winona A St. Paul..lOO
21
14
Pref. ...100
do
do
Atlantic * Paclllc
100
9% 10
23
19
lOO
Houston A Texas Central
Augusta A Savannah, leased... 100 130 132
9u
Huntingdon A Broad Top
Baltimore A Ohio
100 93 100
46>1
Pref...So|<
do
do
let pref., 6
I2,i
do
100
10c 119% 120>«
lie
minols Central
do
2d, pref
100
98
97
Lea.<e4 line. 4 p. c. lOO
Parkerabiirg
do
loO
7
78
,
.
,
—
—
1
90
35
r
.
t
65
HO6I4 I06>t
8odU8 Bay* So.— l8t,68,g.,1924J.fcJ
8o. Carolina— lat M.,68,1920.. AAO 104
105 14
2(1 mort., 68, 1931
JAJ 7ft
Income 6a, 1931
15
16%
So. Cen. (N.y.)— Conaol. mort., 58..
50
54
South. Kanaas-lst, 58, 1926. .MAS
99
99 >«
Texa.iDlv., let, 58, 1926. ...MAS
92 H 93
Income, 68
95
96
Bo.Pac.(;al.-lat,68,g.,1905-12AAO
Bo. Pae.,Ariz.— 181,68.1909.10. J<kJ 106
Bo. Par.. N. M.— Ist, 68. 1911 .JiW 100
Stateu l8l. RapuITrane.- Ist mort.
Steuben. A Ind., Ist 6a, 1914.. JAJ 106
Stock. A('«p — Ist, 5a. ino5. ..JW
'
Beech Creek
do
pref
1938
MAN
100
Smb. A LnwistowD. 7a, 1896. .JAJ 116
Sup.B.AErteJiino.— 1 at M.,7a
H12'»
3frrBlng.AN.Y.—oon8ol.78,'06AAO
i86>«
r«xa8
laa^
118
Plttsh.,vron'll8V.— l»tM.7a,'«8.JA.I llU^a 120
131
8t<'rIinKPonii. M. (;8,«.,K>ia<'..TA-J «li9
Plttab.KI.W. AC.-l8t,7'i,1912 Var 148
2(1 niort., 78, 1012
JA.l 140
3(liii()rt.,78, 1912
AAO
120
Plttsli. MrK.A Y.— lBt.68,1932 JAJ
Pltt8li. A Wo8t.— IM, 48. I917.,IA.I
74>«
Pitta. V. A Ash.- l8t,.'ia, 11127. MAN
112
5110
Poni'iKlAOttb'K— l8t68,K.,1900J&J
Port Koyal A Autr.— l8t,68, "OO. JAJ 105
35
Inconiii niort.,"Ga, 1899
JAJ
Port.^J.Ot. F. &C(-n.-4 V. 19ri7.JAD
Ben.AS'tOKa— l8t78,lU21 oou.MAh 145>4
58
60
Kich'il A Allegh— l8t, 7a, fnwt rec.
Rloh'd A Danv.— Con..69,'90..MAN
General mort., Gs, 1915
JAJ 115>t
Debenture, 68. 1927
AAO 94 05
HO
Con. gclil. .-is. 193H
AA(>
Rich. Fred. A Pot.-M.78, 'Sl-gOJA.)
Kloh. A Petwab., (Is, 10lo....MAN
«ew niort., 78, 1915
MAN
112 119
Richmond York Rlv. A Ches., 88
2d niort., 68
MAN 102 10.)
92 >« 95
Rich. A West Pt.Ter.. Ca, 1897. FAA
Roch.<« Pitts.. l8t, 68.1921. ..FAA IIU
Consol. l8t, 68, 1922
JAD 116^
do
Income. 1921
99
fiome A Oarrollt.— ]8t, 68.K.,1P16
Rome A Due.— lat., fls, 1926. JAD
Borne Wat'uAO.—8.F.,7B,1891 ..t AD 109 >4 1121b
2d mort., 78, 1892
JAJ 107
Ck>nsol., lat ex. 58, 1922
AAO 107 108
108 «i
Bntlanii— l8t M., 6a, 1902. ...MAN
F^;A I 9614 9«>>9
Eqntiiinent, 2d mort., 58
105i«
8t.Jo.AGr. Isl'd— lst,|ituar.68.1925. 105
52 1<
2d mort.. Inoomea, 5e, 1925
St.L.Alt.AT.H.— lat M.,78, '94.JAJ iVi"
2d mort.. pref.. 78, 1894 .... FAA 106
2d Income, 7s. 1894
MAN 103 >4
41
42
Dlv. bonda, 1894.
BeUev.A8.Ill.,l8t,8.F.88.'96.AAO 116
BellPT.A Car., lat 68, 1923.. JAI>
80
St. L. Souib.. 1st, 48, 1931. .MAS
.
09\ 100
24iiinrt.,e8,
Coali^ I., )tuar.,7»,'B!i,ex.op.MAH
Phll».Wll. ABalt.— 6«, 1892'..A&o;}10a
Railroad Btogks.
A(k.
Bid.
8uTimlt Br.— iBt. 78. 1903
JAJ
7«»9 innb A i:ile— 1st, 7a, 1897.. AAO
8iinb.Hiu.AW-B.— 1st,.'^8,10'28MAN
88 '8
Now
EUlLBOAD Bonds
Ask.
KAILROAU
—
Porabasor alao pa^s acemed Interest,
I
.
. .
1
e
In London
|
Uoapon
off.
* Prloe per share.
I
[a Frankfort,
a la Amstenlam.
THE CHRONICLE.
322
P^OIh XL"V\I.
GENERAL QUOTATION'S OF STOCKS AMD BONDS— CoNTtNaEo.
por Biplaaatlona See Notei
RULROAS Stocks.
Bid.
Ind B. & W. .ase.pd.lOO
M.&In(l..l'd.lOO
18>s
Kanawha & Ohio
7
let pref.
do
2d pref.
do
Kan.C.Ft.S.&Mem.lOO
-1
do
Dei< M..100
pref.. 100
Keoknk&
West.
KlngBt'n&Fembr'keSO
32
lake Erie &W....100
18
53
98I4
Pref. 100
do
L.Bh. &Mich.8o..l00
LeMgh VaUey
Uttle Miami
Little Bock & Ft.
Little Schu'k'l
50 57
50 166i«
70
50
50
Lou.EvanB.&St. L.lOO
Pref. 100
do.
Long Island
93
91a
& Naaliv..l00 6938
38
lonlsv.N.A.&Chio.lOO
Mahoning Coal RR.50 45
do
Pref.50 100
Maine Central
100 13414
Man. A LAw'oe
100 215
Uanbattan, con... 100 95
Marq. H. &Ont.. .100
88
Pref.. 100
do
55
Mempli.& Charl
25
Mexican Central 100 14%
LonlsT.
10
4
Pbis ayr.Blng.
. .
&
Mlnneap. & St. L..100
do
Pref... 100
Misso'l Kan. & Tex. 100
Missouri Paoiflc.lOO
MobUe&OUo
:
H. News AMise. Val.Co
81s
H.T.Cent.A H.Eiv.lOO 1081s
N.Y.Ch.&Bt.UnewlOO
IMls
1st pref. 100
2d pref. 100
Harlem ....50
26%
4
Western
Tol. Peor.
U. N.J.RR4C. Co.lOO
100
Dnion Pacific
6OI4
19
CANAIj BONDS.
Cties.4Del.-lst, 6b,'86
Clies.40.— 68, '70.Q.-J
4H.— 78, '91.J4J
Istext., 1891.. M4N
Coui). 7s. 1894. A40
Ltel.
25 5e! American
25
United States
Wells,
271s
6038 Atlantic
1*
14
35
15
28
I
I
!
62
48
9
141a
57
110
77I2!
129
181a
40
130
121s
iofi*
43
837fl
81ifl
H9
4m
500
10
ELECTRIC
LIGHT STOCKS.
100
82
2-80
•08
•18
•12
•22
•23
Little Pitts
•16
3-25
4 Silv.lOO
M4M
Mexican G.
Mono
Monitor
Navalo ...
2-80
10
3-25
8-25
78^00
1-00
2-8
i
142
Od
;^15
•10
Yellow Jacket,
110 1-35
375 4 25
ITIINING
Allouez
25
25
Atlantic
Host. 4 Mon... (Copper)
314
514
519
25
201s
20
25
3%
25
31s
BO'S
25
80
214
21s
25
187
25 185
Sfatlonal
Osceola...
.
Pewabio
Qulnoy
175
590
,idge
Tamarack
MANCFACT'ING
690
STOCKS.
N.Y.
Am. Linen (Fall Riv.) 880
100 110
Amory (N. H.)
Amoskeag (N.H.) 1000 2000
(See Local SecHritiesin
Chkonici-e each w^k,
except third of month)
Androscog'n (Me.). 100 115
Appleton (Mass.). 1000 675
UAS STOCKS.
51 14 Atlantic (Mass.). ..100
1050
41
1025
40
116
103
168
110
110
152
130
196
114
107
Newton 4 Wat'n ..100 140
Salem, Mass
100 lOSia
Brooklyn, L. 1
25 104
Citizens', Brooklyn. 20
iVIetropolitan, B'klyn
8L
N^assau, Brooklyn ..25 106
People's, Brooklyn. 10
73
Wiiliamsb'g, B'klyn 50 126
.
Barnaby
(Fall Riv.)...
(F. R.)..
390
......
2010
120
635
103 ifl 104
105
103
90
Barnard Mfg.
Bates (Me.)
100 110
Boott Cot. (5Ias8.)1000 1280
Border City Mfg. (F.R.)
Boston Co.(Mas8.)1000 975
100 159
Boston Belting
120
106
17J
112
111
158
132
.
31a
17% 18
51% 52
3
2
Brunsw'k Antimouy.5
295
Calumet 4 Hecla...25 293
10
2I0. 220.
Catalpa Silver
20
19
25
Central
25
19% 20
Franklin
5%
514
25
Huron
3
1
25
Minnesota
495
51is
•11
3 15
STOCKS.§
105
87
Lung Island
Boston Gaslight... 500
25
Bast Boston
Roxbury
100
South Boston
100
Brookline, Mass. . 109
Cambridge, Mass. .100
Chelsea, Mass
100
Dorchester, Mass. 100
Jamaica Pl'n.MasslOO
Lawrence, Mass. ..100
Lowell
100
Lynn, Mass., G. L..100
.\Iald. 4 Melrose ... 100
"•Vi
1
10
50
100
Knickerbocker
Yew
"i'b')
Union Consol
CO.'S
Ac BR'KLVN
HORSE RRS.
550 600
21-00
100
Potosi
BOSTON
•18
75
110
STOCKS, N.Y.
Loiiu 4 Trust. 100
100 136
130 161
Mercantile
. 100
210
Metropolitan .. ..100 170
N.Y. Guar. 4 Ind.. 100 115
N.Y. Life 4 Trust. 100 570
100 550
Union
100 585
United States
21
100
Sierra Nevada
Silver Cliff
Silver Kin
Am.
Bost. Duck (Mass.)700 11.50
Chaoe(FaU Riv.) .100 lOJ
113
1300
127
1000
160
1176
102
Ohicopee(Mas8.) ..100 lu&ia L07
Cocheco (N.H.).. ..500 110 415
8
71s
Collins Co. (Conn.).. 10
30is 37
Continental ,Me.). 100
671a
Ores't Mills (F. R.) 100
47 1«
45
Crystal Spr. B1.(F.B.).
100
Davol Mills (F. R.) 100
6;ia 63
Dougl's Axe (Mas8)100
200
109
142
110
107
50
84
108
Dwlght (Mass.). .500
6!iO
tJvorett (Mass.). ..100
60
700
60
P. B. Machine Co. .100
127" Flint Mills (F. B.) 100 109 110
911s 95
Frauklin(Me.).... 100
20
Ohioago G.4 Coke. 100 21
>il'b8 Y.Mill8(F.R.)100 113 >a
"36"
215
Chicago Gas Trust
35 14
iiraalte(F.K.)....1000
Cincinnati G. 4 Coke
9^% 93
1811a I8214 J^reat Falls (N. H.)100
Oharle8t'n,S.C.,Gas.25
Hartford, Ct., G. L..25
Jersey C.4 Hobok'u20
People's, Jersey
Louisville G. L...
Memphis Gas
Central of N. Y
50
Consolidated, N.Y. 100
Equitable, N. Y
Mutual of N. Y
100
S. Orleans O. L. . . 100
Portlaml, Me., G. L.50
St. Louis GasTrust. 100
Laclede, St. Ljuls.lOO
Sau Frauoisoo Uas
I
1,1.1
S
furoaasor alau v«V» aoorued iatoreat.
•2.7,
2^.'S0
100
300
450
100
Kinga.&Pembr'ke Iron
10
10
Little Chief
50
Lacrosse
Le^dvlUe Consol
441a Standard
75c. Sutro Tunael
Brooklyn Trust ...100 290
100 575
Central
Farmers' Loan 4 Tr.25 48 J
85
3-25
305
60
•35
20
IronSll-ier
Utah
100
9-50
,
100
50
Brush niuminat'g 100
Bait. C0U80I. Gas,
ElCristo
2^75
Eureka Consol
100
Father Do Smet .. 100
19^00
Franklin (copper)
265
Gould & Curry S..100
10
Green Mountain
4-15
Hale 4 Norcross. .100
Robinson Consol..
Savage,
1
2^80
2 00
Quincy (copper)
96i« Kappahanock
Eted Elephant
96
Mexican
New England..
TRUST
•-8
•21
•60
•95
Ophlr
Osceola (copper)
Pewabtc (copper)
Plymouth Consol
100 229% 230
100
32 •$ 33
Brush, Bait
145
•80
9714 North Belle Islo
41
89
3-30
Horn Silver.
81
STOCKS.
. .
•84
•35
255
Caledonia B. H
Cal'm't4Heol8(copp'r) 28 i
8-75
Consol. California. 100
S7is Chrysolite
50
2-60
31% Chollar
100
Consol. Pacific... 100
60
Crown Point
100
96%
TELEPHONB
American Bell
Amer. Speaking.
100
100
1-50
10
46
Mutual Union 68....
N'west.. 7k, 1904. J4J
Postal T. Cable, new.
Tropical
.
...f
14
Bank's 4 Merch'ts.lOO
lis
2'4
General mort. oert
4 So. Am. Cable 106 112
Commercial Tel. Co.pt
Franklin
100 25
33
100 90
Gold 4 Stook
95
Bonds
98 102
Mexican
100 170 180
N. Y. Mutual Un. Tel..
951s 961a
Erie
S3
.
(R
Brunswick
Bulwer
16
801s
Pacitic st'k
1121s Edison
1151s Edison Illuminating
6s,g.,cp.&rg..'97J4D 115
Uulted States
Con8,M.,191178j4D 128
United States ni. Oo
Penn.— 68, coup., 1910 741a
f
29
16
STOCKS
Conv 68,g.rg.'94»l&8
w..«r R'l
Belle lale
100
Be-t 4 Belcher...
Bodle
100
Breece
100 145 lEO
100 1091a nils
100
79
79%
Co.lOO 138 142
Collat. trust, 58...
I8I4
391s
;
"(V
4
•50
Dunkin
Ills So. Tel., Ist mort. b'ds
8outh'u4 Atlantic. 25
100
571a Western Union
78, 1900, M. 4N..
116
Ist Pa.D.cp.,78,M&8 137
Lehigh Nav.- 4ia8,'14 110
RR. 6.S, reg., '97,Q-F 116
-o um u:»u«ououii.
Barcelona
27
25
Cent.
'W
Vaoe aommali
100
26 14
23
10
26
Desdwool
American Dist.Tel.lOO
Amerloun Tel. 4 Cable
71
73
41
42
N.Y. 4
228
N.y.Lack.&West.. .100 108 110
CANAL STOCKS,
S.Y.L.ErieA West. 100
2858 28 '8 Chesapeake & Del.. 50
do
Pref.lOO
661s 67
Del. 4 Hudson. ...100 119
H.Y. A N.England. 100
43 3e 4358 Del. Biv. leased, 8. .50
do
52 14
Pref.lOO 118
120
Lehigh Navigation. .50 a 52
H.Y.N H.&Hartf.lOO 227 233
Morris, guar., 4
100 »
New York <fe Northern
200
do pf;,guar.l0..100
Pref.
21
23
msG>L.L.ANE:ot;s
N.Y. Ont. &We8t..l00
I714 18
BONUS.
I4
H. Y. Penn. <t Ohio ...
Am.Wat'rW.Co.,l8t,68 104
do
Pref.
H
Canton(Balt.)6s,g., '04
H. Y. Phil. A Norf.lOO
117
Un. RR.,lst, end.,68.
Br.Y.Susq.A West'nlOO
lO's
Col.Coal4 Iron— l8t,68 1031s .01
do
Pref.lOO
35% 3ti Cov.4Cin.Bge. 58,3-5y (100 100 Is
N.Y. West Shore & B.
2
102
.M48
58, 5 years
Hort.&West,, com. 100
22% 23 14 Ga. Co.,N.C.,58.. 1937
98
56I4 57
do
pref.lOO
Heud'nBi-idge68,l931 107%
No. PenngylTanla..50 «..
841s Or. Imp., 1st, 68. 1910 10414104%
Rortbem Central ... 50 75
80
0i'eg.R.4N.lst.68,J4J 109% 110
North>n N. Hamp.lOO 1421$ 144
Con. 58 1925 J.4D.. 1021a
H«rth'n Pac., com. 100
23
28% Ocean SS. Co. ,1st guar. 101 102
do
Pref.lOO
6218 6238 St. L. Bridge 4 Tiin—
Norw.<& Woroester.loo 1781s 180
1st, 7s, g, 1929.A&0 el36
140
Ogd. & L. Champ. 100
10
11
St.L. N.O. Ac.,C&T.,Bs.
Ohio & Miss
100 24% 25
renn.0.41.— Tun D.6s "so"
do
Pref.lOO
84
b6
Bir.Div.l8t.68, 1917
87
871s
OUo Bouthem
100
15
161s .msc'i.i.AiNE:otJs
Old Colony
100 I7II4 171%
STOCKS.
Oregon Short Line 1 00
3414 Amer. Bank Note Co..
28
301a
Oregon Trans-ContlOO
29% 30 Amer. Cotton OH trusts
Pennsylvania RE. .50 55% 56
Asplnwall Land
10
Sis'
8%
Pensaoola A Atlantic.
5%
boston Land
10
738
714
Peoria Deo. A Et..100
25% 26 Boston Water Power.. 17
1714
Petersburg
loO
Brookline (Ma88.)L'd5
5
4%
fUla. AErle
50 $ 2918 29% Canton Co. (Bait.). 100 45
50
Phil. Germ. & Nor. .50 (120
12118 Cov. 4 Ciu. Bridge, pf. 175
210
Pblla.<S:Read.a88.i)d.50
7lis 72
Kast Boston Land. ..
4% 5
Voting Trust, ecrt ..
52=8 52% Frenchman's Bay Ld.
7% 8
Phlia. Wllm.* Bait. 50 I 63
67
Henderson Bridge Co.
Pltte. Cin. A St. L..50 < IOI4 20
Keeley Motor
4
Pltt».Ft.W.* Cguar.V 152 153
Mauh'tfu B'ch Co.lOO
11
9
Pltteb. 4 Western ..50
Maverick Land
10
214
21a
do.
Pref.. .50
Mt.Des. 4E.S.Land.5
2-12
Pltts.Young.&Asht.aO
60
N.E.Mtg.8ecur.(Bo8t.,
;i5
92
00
Pref. ...50
120
N. Hampshire Land 25
25 c
5UC.
Fort.Saco4Ports,lsd 6 1231s 1^4
N.Y.&Tex.Ld.,Llm..50
Fort Royal A Augusta
4
Oregon Improvement. "<Bi" 71
Porte. Gt. F. 4 Con 1 Oi. 105
108
do
p ef
100 loO 1U3
Bens. 4 Saratoga 1 00 16S
170
Oregon Ry .4 N.Co. 100 95
96
Bloh. A AUeg., ass. pd.
I319 151s Paolttc Mall 83. Co.lOO
371a 38
Rich. F. 4 P., com. 100 120
123
Phlla*lel. Ci>. Nat. Gas.
90
93
Blohmonrt 4 P'b'g.ioo
Pipe Liae Certitluates.
9158 tf478
Btoh. 4 West Point 100
24% 2478 t'uUm'n Palace CarlOO 1711a 172
do
Pref
lOu
7oia 7413 8an Diego Laud..
291a 29%
Richmond YorkR.4C. 92
St. Louis B'dge, Ist pref «106
108
Rome W. 4 Ogd... 100 88
2d pref. conllicates e5l
53
Rutland
loO
5
St. Louis Tunnel RR. elO)
110
do
Pref., 7.. 100
36
St. Louis Transfer Co
65
75
St. Jos.4 G'd Isl'd.luO
15
18
Suifar ReHijerii-s Co
Bt.LoulsAlt. 4 T. H. 100
47
UulonSt'k Yd8.4Tr.Co 1071s 110
"li'
Pr#if IfXl
.
FRAN.)
Alta Montana
(N. Y.
Alice
AND BONDS.
134% 135
275e
Fargo 4
TEIi'PII
1-22
"7714
1.
EXPRESS ST'CKS
35
49
21
122
22
45
19
. .
100
Morgan's La.&Tex.l00
Morris &£'x, gu.,7.50 1441s 146
Na8liy.Cliat.& St. L.25
84
85
Naalina &Lowell. .100 190 195
52I4
ITsquehonlng Vall'ySO
Rew Jersey & N.T.ICO
31s 16
do
Pref. 100
4 SAN.
36% 37%
35
100
4IIock.100.C4I.
Adams
253t
241s
Tex.Pao.Land Tr'c 100
95
10
rol. Ann Arbor 4 N.M
23
Tol. 4 Ohio Cent'1.100
Pref.lOO
do
59 5e
42
£0
li'is
50is
rerre H. 4 Ind'nap.50
701s Texas 4 Pacific. -100
. .
pref. 100
do
Mil. &Nortliern...lOO
Mine Hill 8. H.... 50
ioia
s
4
Ask.
Bid.
miNING STOCK&5
Consol.Coalof Md.lOO
Homestake Min'g.lOO
Lehiah 4 Wilkesb.Cual
12
Marshall Cons. Coal..
Marylivnd Coal. ...100
131s
12
.100
Central
Coal
New
Ontario Sil. Min'g.lOO
211s
290
Coal.
50
Pennsylvania
(Juloksllver Min'g.lOO
91s
36
pref.lOO
do
Tenn.Coal4IronColOO
311a
Whltebr'et FaelCo.lOO
Wyoming Vai.Coal.lOO 48
7
32
ATf.Y.lOO
Summit Branch,Pa.50
Miscellaneous.
Ask.
STOCKS, N.Y.
Colorado Coal
Col.
H
Sunbury& Lewiet..50
Bid.
Cameron Irou&Coal50
Louis I. M. 4 80....
L. Van. 4 r.
touis 4 San Fr.lOO
100
do Pref
do 1st pref.lOO
Duluth.lOO
4
Paul
3t.
Pref.lOO
do
at. P.Minn. 4 Man. 100
jl.
»t.
100
134!^ Otah Central
216
Dtica & Black Riv.l 00
95 14 Vt.4 Mass.,rsed,6.100
18
Vioksb. 4 Meridian
pref
94
do
Virginia Midland 100
55
1478 iVabashSt. L.4Pac.lOO
Pref.lOO
9>« 101s
do
31
Warr'n(N.J.),l'8'd,7.50
29
8618 861s W. End pref. (Bos.) 50
32
50
West Jersey
56
(Vest Jersey 4 Atl. 50
92
Western Maryland. 50
West. N.Y.& Penn. 10
70
Wheel. & L.E.pref. 100
7
8^ Wn. Columbia 4 A.l 00
I5I4 18
ffllm. 4 Weldon, 7.IOO
13
131s Wisconsin Central 100
S2i8
Pref. 100
do
Ills Wor.Nash.4 Roch.lOO
10
Mexican Nat., Tr. rec.
Mex. Nat. Constr. Co.
MloUgan Cent
100
Midland of New Jersey
Mil. Lakes. <ScW.. 100
do
do
pref
do.
St. L. Ft. 8. & W. cert.
TexaslOO
U Ark.4Chicago.
Louis
12
33
701s 72
114
1121s
57I2 59
101 102
106 107
10
50
Scioto VaUey
23
Seab'd 4 RoanokelOC
10
100
9
South Carolina
35
26
18i« Southern Pac. Co.. 100
25
121
54
S'west.Ga.. g'd, 7.100 120
:
Sm
11
COAL & MINING
..
12
12
St.
75
140
Kaii.C.Ft.8 &G.pMOO 139
49 >s 50
Kaii.C.Mem.& Bir.ll'O
37
Kan.C.Cl'n&Sp'd.lOO 83
9>s 11
Kan. City& Omaha...
Kentucky Central. 100
Keokuk &
Bid.
Miscellaneous.
St.
10
Page of gutttatlogg.
Plrat
Miscellaneous.
191s 8t.
21s
Head of
Ask
Ask
70
Jefl.
at
Wa^ih'tiin f!ir,vG. t,.20
t In
6'
damllton (Mass.) 1000
Hartf. Carpet (Ct.) 100
100
70
tllU(Me)
120 121
<olyoke W.Power. 100
50
Jjokson (N. H.)..1000
55
iCmg Philip (F. R.) 100
400
81% 82 14 Laconia(Me)
120 125
Lancaster .>I.(N.H)4O0
109 103
Li'rel Lake Mills (P. R.)
80 14 80% uawreuoe (Mass.) 1000
80
90
690
Ujweil (Mass)
54
56
l>oweli Bleaohery.200
112 115
Lowell .tfaoh.Shop.500
d.i38
L,ym»u M. (Mass.). 100
25
170
.
415,'
London.
4
1
7a
I
10<I
« (Quotation per share.
9 JO
167
85
250
960
luO
46)
58J
98
1150
622
U4
910
170
86
976 ^
103
470
590
100
1475
623
144 >•
615
65
117% \iA
6o5
diia
8eim1'.mi-k
THE CHRONICLF.
1S>NS.J
AND BONDS—
QBNBRA.L QUOTATIONS
For Bsplitnatlon*
MASmfAC'lNO
Bid.
8TO0lt».
1000 1010
Cotton
80
Mtobanlcs' (P. R.) 100
K.)
100 108
{V.
Merolukuts'
Merriuaok(MMM)1000 1100
HetBOomet (F.R.) -100 60
Middlesex (MMa.).100 155
Rloh.BonViKK.R.) 100
Bobeaou (K. Kiv.) 1000
Bagauii>re(K. Ulv.)100 110
iarmo!iKnll8(N.H.)300 225
25
8an(Iw.(llii»«H(Mii8B.)80
Bhove (I''iiU Kiv.). 100 00
30
Blaito(Fiili Kiv.).. 100,
8tairord(l''«llKlv.) 100 110
8tarKMin«(N.H.)1000 IIUO
Tecunim>h (K. K.).100l 10^
C. &W.(t'.K.l?iO0
UnlonC.Mr.(b'.K.) 100
300
100
(mioagoNat
1510 OomiDorolal Nat. 100
IISS Continental Nat... 100
116
100
First National
81
Fort Dearborn Nat .
05
Hide and I.^ather.100
. .
I
I
I
112
'
235
30
92
Nat. Bk.of Aiiier..lOO
Nat. B'kof IllluolB.lOO
52I« Northwestcru Nat. 100
112
100
Union Nntlonnl
II
SO
Un.Stock Y'dsNat.lOO
107
Commercial Bank
112
Ripiitable National...
Filth Natloniil
first National
Citizens' National
"V6'
BANK
55
52is
Fourth National
Qernian National
Market Natbinal
Merchants' National..
44
1015
Bsiltlinore.
KatloiMl Lalayotte...
10
Farmers'.. 100
it
Farmers' B'k of Md.30
Panuera'& Merch..40
19>4
129
32
57
45
123
German American
Howard
lis
1
30
10
100
Meohanlos'
Merchants'
National Excli'ge. 100
People's
'2v
10
37
121s
132
193||
Second National ..100 150
Third National.... 100
75
Union
20
We»tet!i
31
Boston.
100 131
Atlantlo
Atlas
,
..100 llfj>4
100
100
100
100
100
100
100
100
100
Blac ketone
Boston Nat
BoyUton
Broadway
Banker HIU
Central
Caiy
Columbian
Commerce
Commonwealth
Continental
E3«le
EL'ot
Everett
E;i
change
Paneull Hall
. .
.100
100
100
100
IOC
100
100
100
100
107%
119%
1331a
105
1861s
127
12ti
l'24is
135
121>s
1031s
I25I3
94
1281a
140
Manufaoturers'.. .100
Market
96
931a
125
120
107
no's
02 19
100
9019
Maiket(Brigliton) . 100
134%
Massachusetts ....2.50 104
Maverick
100 230
Mecbanics' (So. B.) 100 130
Meroliandi.se
100
881a
Mercbaut-s'
lO'J
100
Mouumont
100
100
Mt. Vernon
New England
100
North
100
North America.... 100
OldBoston
100
People's
100
Redemption
100
Bepubllo
100
Revere
100
Rockland
100
Second Nat
100
Seoorlty
100
Bbawnint
100
Shoe i, Leather
100
Btate
100
Suflolk
lOU
Third Nat
100
Traders'
100
Tremont
100
Union
100
Washington
100
UTebater
100
Metropolitan
109
220
131
156
135
Meoiiaoloa'
136
195
106
15.i
80
62
94
!
126
163
100
121
118
109
110
106
172
126
141
143
134
257
138
116
126
120
11!)
172
140
121
919
Central National.. lOOj tl30
Chase National ...100 235
1U2
128
142
1V6
150
Cliemieal
City
Citizens
....25
100]
Hartford, Oonn.
134
150
f IK e nominal; no late transaotlons.
"97'
Nevr Orleans.
KIchmond, Va.
63
Merchants'MutuallOO
L%9t price this week.
NewOrl's Ins.
Sun Mutual
CUnton
Commonwealth. ..100
100
Continental
40
Eagle
100
Empire City
30
Exchange
60
Farragut
85
•
101
80
110
49
155
145
115
120
135
Fire Association ..100
German-American 100
60
Germanla
50
Globe
26
Greenwich
100
Guardian
15
Hamilton
60
iHanover
Home
Pacific
FIRE INSUR'OE
STOCKS.
Baltimore.
Jefferson
Kings Co. (B'klyn) .20
30
Knickerbocker
460
Lafayette (B'klyn) .50
100
Liberty
Long Isl'd (B'klyn). 50
Manuf. A Builders'lOO
Mechanics' (B'klyn)50
50
Mercantile
50
Merchants'
50
(B'klyn)..
Montauk
140
Nassau (B'klyn). ...60
95
National
N. Y. Equitable
New York
133
S7is
1U5
35
Fire. ...100
Niagara
North River
Paoiflo
Park
621s
60
25
25
100
20
60
205 14 2081s Peter Cooper
136
People's
1J3 ise" Pheuix (B'klyn) ....50
25
Rutgers'
50
Standard
Associate Firemen's.
Baltimore Fire Ins. 10
Firemen's Inpiir'ce .18
Howard Fire
5
Maryland Fire
10
National Fire
10
Boston.
^
100
40
30
Howard
San FranclMco.
Anylo-Cal itoruian. . ...
Bank of Califoiuia
First Nat. Gold.... 100
17
Firemen's
I
(Quotations per share.
171s
120
135
107
13S15<^
112
1.^0
165
105
115
107
80
75
170
175
75
90
100
95
75
276
145
110
185
50
90
124
125
75
103
160
65
75
80
70
100
80
70
73
80
125
80
165
65
123
80
145
50
150
75
90
120
98
115
85
73
IOC
93
25
26 145
United States
10 130
lOH Westchester
7
Williamsburg City. .5t 270
Sterling
7>s Stuyycsant
24
M
S3
501a
110
20 14 .••
inO 116
100 81
90
loO 118 121
1000
50
25
25
20
70
100
American
Bowery
Louis.
133
100
130
103
44VI
40>a
Co.. 6<
Neiv Kork.
Alliance
8»
29
26
City
100 136 142
First Nat
128
130
100
Merchants' Nat...
Nat. Bk of VirginialOO 1071a
145
100
Planters' Nat
118
State Bank of Va.lOO 116
175
135
6%
. .
Bank
B'k of Commerce. .100 455
100 340
Commercial
Continental
100 170
B%
26
79
36
Crescent Mutual 100
38
55
!• actors' and Tr...lOO
60
50 i8H 60lA
Firemen's
lOO 113 lie
Gtonnania
65 la 67
100
Hlbemla
77
100
Home
82>ft
e8ia 71
SO
Lafayette
Broadway
47
St.
A Life ..6
North Brit. AMer.8%
3
Royal Insurance
City
163
143
113
118
133
••••V
30
n7"«
AGlobe.2
Citizens'
.40
130
76
178
Nt
North'n Fire
5514
100
100
100
75
Traders'.
100
National
113
341.
561a
431a
39>a
ijond.
.Southern
Portland) Me.
34ft
-.286
64
A
117
105
168
100
Second Nat
Seventh Nat
100
50 125
Southwark Nat
100
ThIrdNat
50
Ucion
Western Nat
50
West Philadolphia.lOO
IM
203
100
100
02 1»
130
140
161
Llv.
iio" 111
82
i»>
»8
Knsr.
1
88
n»
100
Oommerclal Union. A5 25
50 77
Guardian
Imperial Fire
25 167
Lancashire F. A L. .25
London A8B.Corp.12is
148
241
106
125
74
172
50 100
Mechanics' A Tr. .. 00
New Orl's Ins. Ass'n 30
100 tJlO
25 141
100 167
100
t
London,
135
113
Teutonia
Cumberland Nat..
CanalNat
CaaooNat
First Nat
Merchants' Nat
100
100
100
100
100
100
Phaniz
Steam Boiler
American F &M..100 IOII9 102
Boston
100 140 143
Boylston
80
83
100
Commerce
90
Dwelling Hoase...lOU
88
Continental
Eliot
100 110 115
Com Exchange ...100 t206'
Firemen's
100 182 185
25
East River
4014
40
Manufacturers'. ..100
Eleventh Ward
25
Mass. Mutual
100 115 120
100
126 1261a First National
137H Mercantile F. & M.lOO 116 120
116
117
Fourth National. .. 100
Neptune F. A M...100 77
80
lOlij 102
100 tsoo
Fifth Avenue
North American ..100 97 100
90
91
Fourteenth StreetlOO
Presoott
105
10313 104
.100 100
(iaUatin National ..50' 230
Washington
75
100 131)0
143
100 73
143
Garfield
120
Cincinnati.
118
German American. .73
r.o
Amazon
00
100
20
10714 109
Germanla
105
Aurora
Brooklyn.
20
25 tll5
Greenwich
Brooklyn
Olnolnuatl
25 133 1421a
100 150
100 190 210
Hanover
First National
125
Citizens'
20
100
50 340
Hudson River
Fulton
25 216 96'
40 167
Importers' A Tr...l0O 360" 365" Commercial
City National
50 149
Eagle
100
50 340
trying
Commercial
Enterprise
20 "461a 55
60 150
Leather Manuft8..100 1197
200
Long Island
50 H»iO 163
Eureka
20
100 118
Manhattan
'
i«tna Fire
Connecticut
Hartford
National
Orient
Glrard National. ...40
Kensington Nat
50
Keystone Nat'l
f>0
Manufacfi'rs'Nat.lOO
Mechanics' Nat. ...100
Merchants' Nat
Nat. B'k Commerce. 50
Nat.B'kN. Liberties 50
National Security. 100
Penn National
50
PhiladelphiaNat..lOO
100
Franklin
Fourth National ..100
Cnternational
100
100
Mechanics'
l^o
Merchant.^' Nat ...100
1221a St. Louis National. 100
133
Third National
100
America
100
110
American Exch'selOO 13919
225
100
Asbury
Park
Nat.
133
265
25
1561s Broadway
137
Butchers'* Drovers25 170
124
lOo
50
Netv York.
1071s 108
119's 120
St. Nat'l....lOO
152
69
Qenuaula
Globe
Merohants'A Manuf 20
Miami Valley
50
National
100
Security
100
Washington
20 ..*...
Western
29 137>t
130
15
7519
Corn Exchange Nat.50
First Nat
100
Fannera'&.Mech.N.lOO
rndepeiidence
35
i
'
Consolidiitiou Nat. .30
100
20 115
20
82
20
Firemen's
100 150
60 130
Bid.
Ins. Co... 20
Plaellty
Commonwealth Nat .50
Fourth
Nat
1
Chatham
25 166
Metropolitan
Metropolis
140
iRSiTRAnca Stocks.
Fsnnon'
Tr.. .25
Meroantlle
Merobants'
Hartford.
I
165
130
144
128
152
1611s 162
185
195
124
126
99% 100
A
Ask.
H71
Meicbaiits' Ezob'o 50
1321a
100 98
100 150
Hartford Nat
13
85
.Mercantile Nat .... 100
135
56
^'ational Exchange. 50
100 118
19% Phoenix Nat
90
100
State
160
100 250
United States
112
83I9
Louisville.
125
B'nk of Commerce
Hank of Kentucky 100 162
Bank of LouiavillclOO 99
132
1181a intlzens' National. 100 120
100 117
(Sty Nat
108
108
l''ulls City TobaocolOO
121
109
Ky
...100
I'^armers'
of
135
"anuers' & Drov..l0O 105
100 171
nrstNat
188
(ierinan Ins. Co. 's. 100 125
133
140
100
Herman
lOftis
German National. 100 141
128
133
100
Kentucky Nat
126
l/ouisv. Banking Co.40 255
140
136
100
.Masonic
122
Merchants' Nat. ..100 145
104
124
...100
STorthernof Ky
126
ll!l
People's Bank
97
100 118
Second Nat
130
100 170
llOia Security
Third National ....100 138
230
100 119
Western
130
New Orleans.
112
96I4 Bank of Commerce. 10
Canal & Banking. .100 144
95
100 40
Catizens'
127
100 1751a
1201a OermaniaNat
100 151
HIberniaNat
108
l-oulslanaNat.. .. 100 112
112
100 120
Metropolitan
93
100 130
Mutual Nat
ill
Sew Orleans Nat. .100 525
136
50 67
IO413 People's
lOOx 1071s
232
State Nat
100 115
Union Nat
135
Whitney National. 100 177
89
1381^ 139
Bid.
Fulton.. 100
)
100 102
58 >4 .«tnaNat
60
imerican Nat
50
46
Charter Oak Nat. .100 102
125
92
100
City
91
48
Joiiuectleut Ulver 50
lOH Far. & Meoh. Nat. 100 1<2
First
<k
MoobanlcH'
206" 210
Western Oenuan Bank
133
40
Market
100 I 11
100 1285
50 tl45
124>a Nawau
120 IvO'g WewYork
100 225
•200
17i)
H.T.Nat. Exch'gclOO
ISO
New York County. 100
110 117
Ninth National... .10(1
275
North America .... 70
115
North River
30
140
25
Oriental
360
.60
PaolHo
l87^
100 169
Park
139
25
People's
200
20 132
Pbenlx
H'K)
Produce ExchangeK'O 108
170 175
Republic
IOC 142
200 Seaboard
10<i tl21
Second National .. IOC 4i.O
60
80
Seventh National. 100
50
60
Shoe & Leather
100 1471a
Bt.Nicliolrts
IOC 110
1771a lt)0
110 1^0
State of N.Y
100
135
Tradesmen's
40 103
100
Uiiiti'd States Nat. 100 210
2ti5
96
Western National
175 185
I'hiladclplila.;
140 145
B'k oIN. America. 100 360
li
CBUtounial Nat
100
is'iis 137^. City National
50
277 >s 2.-)5
Commercial Nat
50 "42"
i
105"4
First National
225
First Ward
128
Fourth National. .100 110
100
Freemans'
100
Globe
100
Hamilton
100
Hide & I.«ather ...
Howard
100
100
Lincoln
Ohio Valley Nat'l
16>4 Second National
19>s Third National
143
Fanuers'cb Plan tor8"25
First Nat. of Bait. .100
60
Franklin
Marine
Nat. 100
230
Bank or BaHioiore 100
Bank of Commerce. 15
Oltlzena'
.VlerchaiitH'Nat.. .100
Metro)Milltftii
-.<22>«
j
42
750 1005
York Co. (.Mo.)
M'l'WCKS,
Oom.
.
Cliioiiiiiatl.
Atlas National
Cincinnati National...
110
45
WagUlngfii(Ma»a.)lCO
Weed Bow. M'o (Ct.)-.!
Wcetaiiioo (K. U.)100
WUlim'tlo Llneu(Ct)25
Ohleaco.
Amerloau Eieh. Nat..
90li Atlaa National
Bark stocks.
Ask.
50 235
100 235
Nassau
Cliarleaton<
B'korchuH.(NBA)100 134
First Nat. Chas.. .100 2>5
People's National. 100 200
90
1100
122
Troy
WampanonK(tM4.) 100
Bid.
150
Maaufaoturers'
Meohanioa'
119
•nionirtlke(Mn.><».)1000: lOliO
Ob^ 3T00KS
Conoluobd.
Wntaa at lleaA of irirat Pi>«« of Qaotatlona,
Bare Stocks.
Ask.
1025
110
IK'O
70
165
95
NiirniKani>'tt(F.R,)100
dOO
NiiHliim (N. H.)....500 48S
self 100
NatiiiikeaK (Ma«B.)10}
90
N. K. OlaHS (Mwi«.)375
800 2D5
Nuwiiiarket
Pftcino (Mi»8».)...1000 1535
Peppsrol 1( Me. ) .... 800 .xtllS
Pooaaset (K. R.)...100 115
!tea
323
90
180
195
90
10»
108
'^
290
150
120
200
60
100
130
130
80
115
170
75
86
90
90
120
90
80
76
(=5
135
90
165
73
130
95
160
55
154
8.5-
9»
130
102
7T
100
15a
140
276
PRICES OF EXCHANOB
nsraBBRsuiPs.
9
31,500 bid.
N.Y.Stook
21,500
Last sale. Sept
800 bid.
N.Y.Consol.SiiKKJt Pet.
825
Last sale, Sept. 12
i.eooask.
N.Y. Produce
1,660
Liigti-ale. Aug. 3C>.
1,200 kid
N.Y. Cotton
1,200
Last sale, Aug. 2U.
N.Y. Coffee
Lost sale.Sept. 1
N.Y. Metal
Last sale. Sept
7001
675
60 bid.
60
RIEst Exob.AAnc R'm I.ICO
bid.
1,100
12,000 ask.
12,000
t^ast sale, Aug..
- ck.
9,600 lak.
Philadelphia Stool
2,600
Last sale. Anr. 18
Chicago Board of Trade l.SOO I
1,500
Ijast sale, Bept. 6.
Last sale. Sept
Boston Stock
THE CHRONICLE.
324
[TOL. XLVII.
Latest Earnings ReporteU.
Weekor Ho
Kentucky Cent
Keokuk & West.
Kingst'n & Pom.
Knoxv. & Ohio
Lake E. & West
Lehigh* Hud..
Leh&WilB.Coal
L. Rock & Mem
July
Tfie Investors' StrppLEMENT, a pamphlet of 133 pages
contains extended tables of the Funded Debt of States and
Cities and of the Stocks and Bonds of Railroads and other
Companies. It is published on the last Saturday of every
ether month—viz., January, March, May, July, September and November, and is famished without extra charge
Extra copies
to all regular subscribers of the Chronicle.
are sold to subscribers of the Chronicle at 50 cents each,
and to others at |1 per copy.
^
].<ong
:*
wks Aug.
1
stwk Sept
July
.
stwk Sept
August
1
July
4thwk Aug
August
Island
&Mo
Nash. Ch.&8t.L. July
Bo AD?.
WeekorMo
1888
1887.
Latest Date.
1888.
1887,
172,902
July
Fe. July
.
Atch. T. & B.
Atlanta & Char. June
165,436
1,333,826 1,534, '-02
82.646
84,140
26,287
24,701
Atlanta* W. Ft.. 'July
33,284
41,129
Atlantlc& Pac..|lstwkSept
1,337,830 1,315,776
B.&O.EastLlDes July
372,110 349,623
WestemLlnes. July
l,70f),940 1,66.1,399
July
Total
127,153 117,254
Bait. & Potoman July
71,07rt
'July
47,009
Beech Creek
33,977
Bufl.Roch.& Pitt 8twk Sept
51,450
215,206 237,634
Bur.C.Rap.& No. August
19,769
Cairo V. ife CUlo. 1 siwk Sept
17,694
stwk Sept
18,027
CaL Southern
22,724
tCamden & Atl'e July
106,864 117,021
Canadian Pacific 1 stwk Sept 258.000 241,000
28,025
Op.F'r &Yad.Val AutrUBt...
22,326
Carolina Cent. 'July
33,911
28,866
Cen.RR.c&Bg.Co. July
499,003 420,487
28,3H1
Central Iowa
Istwk Sept
24,913
1
1
. . -
1
1
. .
1
Central of N. J 'July . . .
Central Pacilic-:May ...
Central of S.C.June...
Cbarlest'n &SaT June ...
Cheraw & Darl. June ...
1,256,251 1,049,411
l,292,f08 991,140
6,931
5,931
38,888
35,100
3,769
3,468
.
Chea. & Ohio
'August
Ohes.O. &8. W..' August.
Cheshire
June ...
Ches.
Chic.
& Lenoir. -June ...
& Atlantic. Istwk Sept
422,386
164,714
50,835
4,742
40,185
178,248
415,359
178,982
57,699
4,428
49,ii36
Chic. Burl. &No. July
161,840
Chic. Burl. &Q.. July
1,863,501 2,167,802
Chic. & East. 111. Istwk Sept
50,220
47,385
Chlo. & Ind. Coal I stwk Sept
11,286
8,825
Chlo. Mil. & at.P.l Istwk Sept
513,000 490,045
Chlo. & N'thw'n JiUy ..
2,149,666 2,249,484
'
Oh. Kiv
August
Ohlc.8t.P. &K.C. August
Cailc. <&
...
Chlo.St.P.M.&O. July
Chic. & W. Mich. stwk Sept
1
Cln.Ind.St.L.&C. June
Cin.Jack.&Mac. 4thwk Aug
<3in.N.O.&T. r. Ithwk Aug
Ala. Gt. South lihwk Aug
N. Orl. & N. E 4thwkAng
Vlcksb. & Mer. 4thwkAug
Ticks. Bh. & P 4thwkAug
Brlanger Syst 4thwk Aug
dn.Rlch.iS!Ft.\V- 1 stwk Sept
Cln. Sel. & Mot).. July
Cln. & Spring'd 3 wks Aug
Oin.Wash.&Balt. Istwk Sept
Olev.Akron &Col 4tliwk Aug
Clev. & Canton July.....:
Clev.Col.C.&Ind 3 wks Aug
Whole system August
...
Clev. & ^lari^^tta 4thwkAug
Color. Midland
4thwk Aug
Col. & Cln. Jltd IslwkSept
Ool.Hock.V..feT. Istwk Sept
Denv. & Rio Or Istwk Sent
Deny. & R. Q. W. Istwk Sept
Det.BayC.&Alp, July
DetLans'K&No. l^twkSept
Duluth S.S.&Atl. IstwkJune
E.Tenn. Va.AOa. 4thwk Aug
Bvans.A Ind'plislls-.wk Sept
Evansv. & T. H. Istwk Sept
Fitchburg
..August...
Flint & P. Marq. Ithwk Aug
Fla.R.&Nav.Co. August ..
:
FtW.A Den.City Ithwk Aug
tWhole syst'ii,. 3dwk Ana
Georgia Pacillc IthwkAug
•Or. Kap. &Ind... IstwkSeit
Other lines.... Istwk Sept
Orand Trunk
Gulf
C0I..V
.
.
H.Fc
\Vk Sept. 1
May
..
.
HouB.iTex.Ceu. |4thwk Aug
Humest'ni\;.siji-ii Aui ust
IU.Cen.(Ill&So) August...
Cedar F.<& Mm. August
Dub.dHioux I August...,
la. Falls iS.C. August
Iowa lines... August.
Total all.
August. .
Ind.Def.A\V(><it August
tnd. dkSt.Loul8. 3d wk Aug
Kanawhiid^uni Ithwk Ant
K.C.Ft.8..V.'Mi'n
I'hwk Auu
Kan. C. CI. &S
Ithwk Am
.
K. CWy, &N.W. July
6,795
6,828
212,385
201,740
561,486
26,590
217,726
20,339
109,612
52,030
20,373
15.533
17,2:5
214,763
550.6:^0
28,324
219,805
22,394
123,946
46,742
22,6Hl
14,000
18,696
226,045
8,934
8,335
71,443
44,952
22,166
30,523
216.190
697.983
8,351
41,519
9,847
83,400
158,000
23,.575
49.605
22,557
32,133
148.536
6,156
17,903
53 ,365
1
66,3 8
3,598
6,380
73.971
52.341
17,614
29,035
264,939
749,806
9,174
872,584
545,380
1,279,.557
1,662,736
486,888
1,137,642
359,874
8,4"'7,746
208,026
1,809,773
818,645
40'<,368
1,405,687
1,812,268
509,741
979,179
.'560,289
7,08';',262
204,290
165,086
2T8,92-<
260.611
3,719,9H8 3,131,077
893,369
854,292
7,012,298 6.330,891
5,969,184 4,715,502
51,208
41,641
300,385
262,920
37,607
34,753
2.947,482 2,864,^52
1,256,025 1,179,633
266,507
1:98,647
38,499
30.944
1.465.088 1,452 269
973,609 1,432,125
11,839,466 15,443,908
1,394,518 1,346,562
338,881
25-,902
15,067,000 15,537,869
13,627,092 14,049,321
32,548
43,995
1,349,146
908,687
3,344,897 3,554,487
953.294
932.215
1,261,964 1,285.727
334,314
288,019
2,353,469 2,116,879
»79 456
9i;0,509
.53 ,698
405,917
286,029
312.315
317,776
:^ 10,916
4,468,429 4,106,570
2.2,086
276,297
58,126
52,605
1
730.0' 8
1,389,993
407,670
214,973
2,470.803
4,773.993
178,531
715,-
04
1,431,900
365,788
201,538
2,599,737
4,941,422
193,526
84»,.541
8,965
234,242
6S,00u 1,965,473
156,000 5,085,464
22,973
846,932
51,350
283,06'
22,192
663,440
39,421
448,195
150,3'3 3,5ii6,582
5,802
I6l»,f37
18.3U0
578,424
486,023
70,2(i6
58.717
64,153
24.491
18,082
45.782
22.311
30,643
47,057
56,103
3.648
3.452
400,573 426,629
212.160 155,399
65,337
65,170
11,600
14,850
953,545 975,099
9,390
8.788
63,401
75,450
52,400
65,448
125.191 149,686
1,078.736 1,124,7 _
45,137
40,330
45,893
47,18
S,066
4,35
122.7.5 133.214
7,8 "~9
6,678
2'i,60u
222,434
1,862,240
1,616,778
674,748
6J3,317
216,305
1,801,459
5,122,741
7I8,K58
270,059
763.686
401.760
3,250,867
159,498
579,408
1,704.355
667,775
426,656
788,881
733,662
1,536,594 l,6i':^403
134.005
106,818
11,641,61: 12,61 i,08
962,9>-6
89i,244
1,402,593 1,460,395
91,908
95.014
7,412,262 7,162,572
61,337
76,092
509,913
514,002
496,59s
421,373
1,067,848
8,180,110
229,2 6
1,011,467
8,174,039
. 73,932
1.264.890
1,215,18!)
177,637
2,708.86:
170,19'
10\963
3,030,128
164,126
35.'<48
73.747
116,9V6
63.222
74.201
19,726
67,'-2l
20,575
104,335
112,863
188,774
262,5-4
10,496
80,870
105,:^07
11 7,92 i
199,349
258.S77
12.315
76,624
9
543,433
564.309
190,175
196,284
128,930
107,911
277,207
250,255
1,384,962 1,379,088
I62,S68
166,064
5,478,211 4,595,753
434,347
480,471
2,300,065 2,165,220
205,619
272,289
626,181
66!),381
10.75O.163 10,434,273
l,4-*2,356 1,490,551
1,465,818 1,200,509
582,590
352,340
56,054
42,401
1011,413 1,024,126
3,877,745 3,140,021
1,323,898
2.6.=)6,329
l,842,76rt
6'21,830
01
4,958,489
1,520,368
1,713,157
99,880
362.378
22,837,244
14,828,867
1,553,277
1,752,599
,33i:.3Jl !2,746,595
July
,378,7i>9
N.Y.Penn&Ohio July
,330.283 .5,225.380
554.526
464,991
13,567
43,129
74.015
123,287
103,545
43,041
562,345
363,712
107.229
13,645
51,398
4,030
29,155
404,167
528,09
227,020
.July
N.Y. Ont.&W... Istwk Sept
N.Y. Phila.&N'k June
N.Y.Sus.&W... July
Norfolk & West Istwk Sept
N'theastm (8.C.) June
Northern Cent'l.
Northern Pacitlc
Ohio & Miss
Ohio River
Ohio Southern
Ohio Val. of Ky
July
Omaha &
July
St.
1
St
1st
1st
wk Sep
wk Sep,
wk Sep
August
...
4thwkAug
h.
Oregon Imp. Co June
Oreg. R.&N.Co July
Greg. Short Line June
Pennsylvania,
July
July
Petersburg
Phlla.&Erie.... July
&
Read'g.
Coal & Iron Co.
Tot.bothCo'8..
Pitt Shen.ife L.E.
36, 3<9
J"}J'
July
.luly
June
& West'ru 4thwkAug
P'nRoyal & Aug. June
Pitts.
Pt.R'al&W.Car. June
Prcscott. & Ariz. August
Rlch.&AUeghy. June..
RAW.P.Ter.CoRlch. & Danv.
10, 8.i4
St
Total all.... Istwk Sep
Rich, it Peters'g July
. -
June
3d wk -iug
4tUwk Aug
Istwk Sept
Istwk Sept
August
&T.H.
Branches
8t.L.Ark.&Tex.
St. L. ik Sau Fran.
St.Paul&Dulutb
St.P.Min.&Man. .August
S.Ant.&Ar.Pass. July
Scioto Valley
July
Seab'rd &Roan. July
Seattle L S.& E July
SlieuaudoahVal. August
South Carolina.. July
80. Pacitlc Co.—
Gal.Uar.&S.A. July
1ISt.L.Alt.
Loui.s'a West.. July..
Morgan's L&T. 'July ..
N. Y. T. & Mex. 'July..
Tex. &N. Orl.. iJuIy..
Atlan'c system July..
Pacillc system Julie
Total of all.. June
80. Pac. RR.—
No. Div. (Cal.) .lune
80. Div. (Cal.)
Arizona Div ..
New Mex. DiT
Spar. Un. ifeCol.
8tatenIs.Rap.Ti
..
..
792,19'
..
..
June
August
SutroTuuuel
July
Texas * Pacific Istwk Sept
Tol.A.A.&N.M'll Istwk Sopt
Tol. & Ohio Cent. Istwk Sept
Tol. P. <fe West
3dwk Aug
Tol.St.L.&K.C 4thwkAug
Union Piicihc
July
....
Valley of Ohio.. August ...
Wab, Western.
Istwk Sept
Wab., E. ol Mlsf June
WestN.Y.&Pa. Istwk Sept
Western of Ala •Tuly
JWest Jersey
July
W.V.Ccn.&Pitts June
Wheeling & L. E. stwk Sept
Wil. Col.'& Aug Juce
oWlsconaiu Cen. Istwk Sept
.
.
And branches.
2.950,61!
3,721,71-1
182,368
554.678
153,59e
84,);42
SummitBrauch July
.
104,400
41,300
16,900
0,200
12,300
3,200
2,030
189,350
23,687
297,226
45,893
25,380
68,236
115,630
166,978
790,000
80,910
52,7-9
38,215
16.107
87,000
83,211
266,322
71,125
335,526
9.793
109,424
..
Juno
Jime
June
. .
18, 629
53, 820
1
Rome W. & Og
440, ,468
1,930, "30
2.303, ,752
4,233, 782
18, 237
05, 654
16, 925
wk Sep
Va. Mid. Div.. 1st wk Sep
C. C. & A. Uiv. 1st wk Sep
Col. & Gr. Dlv. Ist wk Sep
West. N.C. Div St wk Sep
W.O.&W.Div. 1st wk Sep
Ash.&Sp. Dlv. Ist wk Sep
1
9'',096
5,357
130,500
107,136
27,175
109,214
14,577
23,527
20,77
23,000
64
60.597
133,831
506,346
74,600
29,430
191.201
,344,1
62,63'
17,532
50,349
82.180
!i2,520
401.937
940.960
2,966',766
2,750,368
1,167.786
312,091
1,033,789
266,736
733,669
2,603,644
280,878
3,617,929
8,229,442
2,733,816
222,392
782,323
3.251.301
341,801
3,462,488
33,006
53 H. 336
280,127 .1,0.-9,654
109.889 2,)97,5«6
10,-85
301.286
47.201
353,721
2,75 <
86,011
2!»,348
216,3-9
338,00
2,'l 90,581
414,374 3.320.972
180,554 1,175,775
-i
358,607
53,092
239,380
1,804,402
2,695,2-3
921,814
,631,370 12,680,610 31,025,094
,822,412
Co—
N'rthw'm sys. 'July .. .
1,374 ,447
S'thw'rn eys. •Tuly ...
1,074 ,848
PeoiiaDeo.ifcEv. 4thwkAug
27: 192
Phila.
li8',9(is
I
.
Penn.
512.073
409.361
12.465
37,076
1,005,045
2,424,547
2,213.819
697,274
846,068
4,(i78,'
,273,771
N.Y.&NewEng.
1.141,951 1,109,R67
8,508,398 10,626,537
624,933
593,786
24.49'<
320,850
45,938
34,371
55,991
7,189
Latest Datt
1887.
August
June
August
NatehezJac.&C
New Brunswick.
N.Y.Cen. &H.R.
N.Y. L.E. & W.
N.Y.ife Northern Istwk Soi)t
Allegheny Val.
3,li-'2
37.534
49.743
23,398
715, 250
16.916
428.991
46.467
8,0)2
29,449
74,047
7,935
171,753
71,426
to
1888.
101,868
22,174
17,4,^5
451,77:^
35,.545
57,16=.
.
to
99.470
15.872
4.218
39,848
53,126
23,023
824,533
Louisv.N.O. &T. Istwk Sept
Lykens Valley. July
Mar.Col.A Nor'n August ..
Memphis *feChas. 4thwk Aug
"Mexican Cent Istwk Seiit
Guwd'jara Br.. IslwhSept
-
Jan. 1
1887.
33,281
22,2n9
32°,235
48,811
The General Quotations of Stocks and Bonds, occupying
rise pages of the Chronicle, are now published on the
Minneap.& St. L. August
tlifrd Saturday of each month.
Mo Kau.A Tex. Istwk Sept
Mobile & Ohio
August
RAILROAD EARNINGS.
1888.
La.
Ely... June
Louls.Ey. <feSt.L. Istwk Sept
Loulsv. & Nashv. Istwk Sopt
Lou.N.A. & Chic. Istwk Sept
*Mex. N. (all Ins) July
*MexicanRailwv Wk Sept. 1
Mil.L.Sh.&West. Istwk Sept
Milwaukee & No. Istwk Sept
Latest Earnings Reported.
Jan, 1
BOAD8.
Iwtrjestmjettt
,518.121
9.735,630 10,100,320
7,439,239 7,822,255
28.607
436,484
557,285
26,402
25-,919
210,610
386,076 2,338,642 2,251,377
1,S24,657 1.087,624 11,979,155
1.778.439 8,962,961 9,424,485
3,603,096 20,050,585 21,403,639
1
1: ,184,154
62,146
16,125
14,49;
8.310
57,392
1,276.212
173,734
156.879
80,799
280,918
1,274,145
168,590
136,723
108,400
47,700
20,000
11,100
3.038,948
1,198,371
578,329
2,753,123
15,2011
3,8"0
2,250
208,450
18,66'i
272.317
47,187
30,6 i9
66,508
131,1'
155,097
684,934
56,613
6",333
32,218
87;2'60
7.'5,3^0
251,414
70, 40
297,3-'8
9,547
107,7.0
736,639
2,364,655
(,051,988
378,467
419,516
79,973
281,061
1,073, •'46
514,747
323,489
464,046
77,045
40,367
6 ',517
5,763,121
5,2411,362
155,912
1,498,516
1.213,189
133,100
1,385,891
1,264,890
576,986
1,787,968
3,613,286
95H,041
5,708,371
533,271
36 4,974
357,772
578,872
1,488,501
3,975,052
992,171
4,752,397
241,479
423,346
312,891
548,562
676,914
554,473
607,155
2,120,893 1,810,'97
516,421
452,416
2,773,038 2,i39,407
62,448
92,063
773,672
686,875
6.246.468 5,281,156
16.602.073 12,615.679
22,056,352 17,160,197
164,585
796,257
888.892
29-,08
3.388.439 1,952,603
130,383 1,136,098
835,701
62,399
540.839
372,908
47.900
31.186
3,852
120,161
644,696
598,477
8 2,3 as
670,241
94,731
161,262
22.376
197,812
97,920 3,960.913 3,582,977
338,174
11,480
425.691
667,>-55
21,625
769,760
21,019
567,434
529,772
17,500
2,479,372 16,037 .644 15,501,264
2
405,031
53,844
433
1
1
126,03.1
539,935
6
00
30,785
199,974
28,06.
15 ll!»
4 ,580
73
5
.,
3,761 ,443
,966
2,101 ,319
256, 230
857:.173
290,,710
386, ,740
399, ,f87
2,'»11
2.48i> 4,52
4.2.54,347
3.082,837
1,8 42,106
249,155
800,184
157,509
405,370
350,387
2.427.938
Mexican currency.
t luclucK 8 whole system from
Fort Worth to Denver, but not earnings
onjoint tiack— ueblo to Trjuidad.
U Including IndlanapuUs & St. Louis.
a All lines Inoliided.
J
'
*
Skptembeb
THE (CHRONICLE.
15, 1888.]
Latest Oross Earnings br Weeks.—The latest weekly
the foregoing table are separately dumiuud up
^$25
July.—
Amu/(.
as follows:
For the first
wpok of September wo have returns fonini
companies, showiiij.; a )(ain in the a<;gregut* of 4'Qj per ueut
over the earniugs of the same week Ust ye*r.
Cbet. Ohio
A Bout hw .Oroa*.
CU(\
A No
Not...
Burl,
.Orou,
Net...
EastTenn, Va. &Ua. Orosi.
1888.
ueek of Srplemher
Itl
A
Atlaiillo
B
li»,70
Iowa
aw A Atlailtlo
<'liiia>,-o
A
Kast. Ilia
Cliiiato
A
tuil.
("onl
St. PiiiU..
iiroMil. A
Chi. i-o A WcHt Mk-li....
('111.
W
AF.
(III.
Hli'h.
Clii.
Wash. A.
tX>!..
A Cm.
Halt.
Ml.liaiKl
!•
A
Lake
H
L..
17.903
47,057
3,618
4,218
53,120
22.250
A>'a-LvHle...
32i',23o
A
Ind
lilies
A
KlDicston
i: rip
,
I'eniliroke
.
Western
...
A
A
Loiilsv Evaiia.
Loiilsvil
c-
Kt.
A
IX)Ulsvlll.' N. Alli.
UUwaiikec L. 8li. A West
Milwaukee A Northern..
Missouri Kan. A Ti lau
New York A Northern...
Kew York (3iit. A West..
Korf oik A Western
20.57.'>
Kortheni Paellic
Ohtu A Mississippi
Ohio Kiver
13.5i7
43,129
103,545
303,712
107,220
13,013
104,400
41,300
10,900
,
,
,
Blehinonil A Pan^lUe
Virginia Mid. l)iv
Cbar. C. A A. Ulv
AGr. Div
0,331
8..'>»S
356
7,380
882
15,400
2.000
000
305
354
6?,23(i
115.(530
Texas A
109,214
Toledo A Ohio Central ..
Waliash Western
Wi stern N. Y. A Penn...
Whti ling A Lake Eric
Wisconsin Central
23,527
139,831
Pacltlc
Toliiio A. A. A No. Mteh.
14,.'.77
74,0(i0
116,010
1,.'?23,8'8
1,005,04*
Net... def, 1,780 def. •',109 df. 129,860
.Net...
Orei^in' Imp. Co
105,.S49
117,402
617,.^45
Oregon Ky. A Nav.CJo, GroiB. 528,094 414,374 3,320,972
Net...
163,576 190,985 1,051,011
Tol. A Ohio Central.. Orees.
90,828
80, ve 1
643,979
Net...
16,340
23,472
183,568
1.33,3l*»
26.>»74
171,753
1888.
Yad. V.. Gross,
A.
2,239
A No.. .Gross.
Net..
Prescolt
A Ariz. C^ut.Gross.
Net...
$
182,308
72,982
554,078
101,007
104,-i83
KR.—
80. PaeiHe
No. Div, Cal
Gross,
Net...
Bo.Dlv, Cal
Gross,
Net...
Arizona Div
Gross.
Net.
New Mexico Div... Gross.
Net...
"i',io2
0,053,
5,449
83,585,
2,000
"i'.boo
6.400
3,100
1,900
2,900
HO:!<TH
600
200
6,M99
84,842
29,028
A
W
Net...
4//»
*
1888.
Prcv'ly report'd (53 roads)
Central Iowa
Ciiu'uinati .lack. A Mack.
Te.xas Pau.
Clu. N. O.
Alaliania Gt. Southern
A
.
New Orleans A
A
VlcksliurK
N.
E
5.452,278
34.088
22,394
123,946
40.742
Vicksliur^r Shrev. A l*ae.
Ciufiiinati Rich. A Ft. W.
ClevclaiHt Akron A Cot...
Cleveland
A
Marietta
Denver A K. Grande West.
Teuu. Va. A Ga
Flint A Pero Marquette..
Ea.st
Worth A Deny. City.
Georpla Pacific
Grnna Kapids A Indiana.
Other lilies
Fdi-i
IlmiBton
A Yad.
Lai;.-
A
Krie A
Little
Kock
Western
79,000
AMoiuiiliis...
17.453,
A Charlestuu. ..
Missouri Kan. A Texas..
Total (7 9 roads)
Vet increase
(2
50
6, J 09
8.332
7,407
1,036
3.711
70,1741
10.9! 0,
35,948,
2,016
230,521
6,713,495
6,549,841
p, c)
f
July.
1868.
$
Koa-Zu.
Atchison Tep.A
.
1887.
S
Fo.Gross. 1,333,826 1,534,902
468,762 672,897
Net,..
Burl. C. E.
Gross.
198,849 202,103
33,313
l.,173
Net..
10l,42>
09,974
Central of Iowa"
Gross.
Net... del. 9,049
1,893
S.
1,181
20
539
6,499
19,524
412,182
163.054
1
ANo
07,398
42,862
48,611
30.
Earnings from frelRht tralllo
EarnlngB from passenger traffic
Earniutts from malls
E,•^rlIiIl^'s from oxpres.'i trafllo
Earniiig.f from miscellaneous fources
$"v9,767
120,756
12(546
Gross trafllo earnings
Operating e-vpenees
$(.77,248
Interest on bonds
137,688
13,046
7,211
31,557
27,-553
492,407
S«18.07a
576,363
$1>'4,S41
*241.70!>
127.865
145,322
$56,976
$96,387
and notes
Surplus over interest
paid two quarterly dividends of
1 per cent each for the last six months of the
llscalyear ending in 1888
From which were
70,269;
$26,11*
Balance to credit of income for year
In the statement for 18S8 the expenses for one month (June,
1888), are partly estimated.
CONDEKSEU
(iENEHAI.
BALAXCE SHEET, JCaE
Antelt.
1^87.
»
8,508,398 10,626,587
2,468,520 4,872,862
1,447,5:<0 1,574,634
272,739
331,873
747,^08
710,510
29,463
11,576
1888,
$628,.591
6,593
Net earnings
248,528
I (o July 31j-<
1888.
S
1887.
1887.
10,499
^Jan.
1888.
121, .300
and ties,
TEAKS EXDIKG JUNE
Net Earnings Monthly to Latest Dates.— The tables follow
ing show the latest net earnings reported this week, the
returns for each road being j)ubli8hed here as soon as received,
but not kept standing from week to week. The first statement includes all roads for the latest month and from January 1, lti88; following that we give the totals for the fiscal
year on those companies whose fiscal year does not correspond
with the calendar year.
MOXTH AND CALEKDAB TEAB.
.
22,326
10.821
8,025
13,564
V. .Gross.
iff?
4,335
133,214
6,-78
7,931
29,449
21»,007
Moiiiphis
823
4,200
1,817
3,748
0,946
7,971
Aug. 31. -»
;
30,643
8,06tf
to
Main line of road Toledo, Oaio, to Bjwerston, Ohio, 175
miles; Huron Branch Norwalk Junction tj Hiron, Cio,
12'5 miles
total, 187'5 miles.
The company has now under contract an extens'on of the
main line to Wheeling, 43 miles, witii 8 miles of branches, 50
miles in all, the means for which h-ive been provid-d by an
It is expected that the whole of this division
i8.<tte of bands.
will be completed during the cutreiit fiscal year.
Comparative statement, earnings and expenses:
i',617
70.266
122,715
7,-59
1.
—
—
5,258
9,174
44,075
A Mem ..
24,065
12,729
Wheeling & Lake Erie Railway.
(For the year ending Jane 30, 1888.^
"i,533
1.50,333
63,170,
91,o.50
^ April
ANNUAL REPORTS.
"2,286,
"4,552
63,337
>lls
14,334'
13,462;
17,6141
Cent...
910,950
325,727
87,4»&
Included in East Tennessee,
173,645
2,560
I
"2,655'
"i',48i
18,082'
-Oc/.l toTulv 31.^
1887-8.
1886-7.
1 084,848
300.843
I
372,531
17.215
78,135,
Kaiii-as C. Ft. S.
Kansa.f C. Clin. A Spr
Kiiii.'.sioii
PeiiilM'Oko
f-
t
Decreaft.
l.'H..^33
1
Ohio
vV
109,612
52,030
20.375
7<>,7A8
5,9l'i
A Texas
Kanawha
9
36.(148
20.,334
14,000
18.096
11.815
22,106
8.351
39.875
lt8.536
60,513
24,191
22,3
.
increase.
S
5,253.392
22,'^61
...
Meridian
1887.
100.338
38,931
10,793
2,908
Included in oper. expenses for July, 1888, were $24,314 for renewala
of r
final
week of iugutt.
633,092
835,701
305,510
872.908
169,428
276,331
540,839
178.993
•
99,922
statement for the fourth week of August covers
79 roads, and tlie gain over last year is 2^ per cent.
Our
1,052,003
1,1,30,098
Road.
Cape Fear
154,3381
c.)
9
796,257
341,921
YEAR.
-Augutt.
1887.
1888.
Net...
Total (51 roads)
Set Increase 14 32 p.
FI8CA1.
93.810
21,890
10,813
3,853
Gross.
Net...
Gross.
'l'5,770
Wash. Ohio
AND
$
888,892
361,385
3,388,459
900,674
July.
1888.
1887.
nnadf.
Georgia Paolflc
1,728
84,795
298,081
67,003
in0,383
63,303
02,399
28,146
155,5'i8
.
P0.7fl9
.
1887.
$
Jinrnft.
"2,766
.
1^5.088
76,720
4i,401
18,377
56,297
Jan. 1 to June 30.—^
1883.
1887.
5.181
1888.
6,33S
"5',657
204.290
91,375
5's054
23,017
22.326
10,821
7.180
3,207
8,310
-June.-
300
""840
551,024
160,020
Jan. 1 toAng. 31.-^
1889,
1887.
.
1887.
28,025
13,504
8,042
3,615
10,854
7,225
Net...
2.873
1.174
,
546,985
2,095,283
1,041,287
9
Itnndii,
Marietta Col.
"8,385
254,280
Louis Ark. A Texas.
Louis A San Fran
1,1UU,U>9
Cape Fear
630|
3,383
3,574,100
3,200
2.050
154,039
51,«07
1,283,578
4.17
3,729,518
12,:;0()
..,
118,345
9,316
190
17,532
82,1^0
West North Car. Div...,
Wash. O. AW. Div
Ash. A Spar. Div
,
*
—Augukl.
O
11.294
3,097
1,902
13,790
P.600
2,413
9,155
9.20C
Gron.
Gross,
Not...
Uaxicaa Central
Gross.
Net...
Gimdal^araDiv... .Gross.
Net...
Uexlcau National
.Grosa.
n.OtV)
3,478
108,400
47,700
20,000
11,100
15,200
3,800
2,250
GO.fOS
131,400
97,920
11.480
21.625
126.035
65,000
15,119
73,025
,
Kestueky Central
4,097
490.045
26.' 90
lii,''85
.
Net...
2,075
2,461
22,055
1,7:M
GrOM.
Net...
Qeor^la Paciflo
17,473
2,«.35
18,3'
Ohiot.
«
12,155
8.825
50,403
3,452
3,682
49,743
24,4'8
320,850
45,938
S4,371
73,747
74,204
19.726
117,922
12,1«5
37,070
98.090
280,127
109,889
112.8(i5
.
St.
St.
Net...
Deereiue.
47.3^,^
68,000
156,000
22.975
22,192
5,802
4S.S11
8<.515
74,047
07.821
Clilc.
Louisville N. O A Texas
Moxlen n Centra 1.
Col.
52,341
8.905
e,I,56
Kv:iiMvilli> AT.
Graiiil K'a|iMa
Ollirr
44.0.V2
..
A North
Ir.Mt I.aiia.
v;iii,<vlllc
8,!lfl4
Indluuup..
II.
I'l
18.027
258.000
28,301
40.18
50.220
1 1 .2S6
613,000
28,321
9,847
83.400
158.000
23,575
22.557
Val A Toledo ...
l>tMi\ IT A Rio (iniTKle
Di'intr A RioCJniiiile W.
Col.
•
51.450
17,6B4
22.721
2 J 1.000
24.013
49,536
XifiT
A
iriMl
•
41,12{f
B3.281
Paclflc
A
Clili
huTtatt.
KuoxvUleA
illalo Roch.
Plttabiirg,
Call" Vlii.
Chlo.
Ciilifiinilii Southern
C'Oia'ltiin I'aclllo
<*i
1887,
,—/on. 1 to/n/yai.—
1887
1888.
1887.
«
•
•
179,412 174.852 1,001,311 i,oro,Afti
7(<,002
iHAli
360,427
373,131
178,248 101,840
073,(H)» 1,432,125
40,536
2!).S.'.4
73,3^3
301.429
450,.59l
424,215 3,112 IHH 2.800,070
152,443 158,173 1.067,427
717,443
39,"4S
37,534
277.207
2.50,36&
18,628
12,158
119,12^
9o,607
9.3,«40
100,538
693.04.5
629,n(H
21,«90
38,931
179,153
201,530
90,170 101.868
543,133
504,809
64,251
51,170
200.870
220,5a»
4-3,610 373,464 3,367,7 11 2,092,1.57
1888.
eariiiiigH in
i
SO, 1888.
LiaUIUUs.
1
$.3,C0O.0O»
Rallwav te(iuipinent.. $0,502,763 Copltal stock, nref
S.OOO.OOO
Mortgate Ixnids
6 ock, Toledo Btlt B°y
iMinds—
lot
due.
37,,50O
Inf.
on
150,000
Co
20,000
42,821 Bills pa.v.lile-sluce p<l.
Materials on hand
1,729
due.
iH>iids
not
Int.
on
10O,0O«
Open accounts— net...
.55.671
37,549 EquUmioIcs— not due..
Cttslj
Total
$6,833,130
Dl\ ds. declared lu July.
I uconio account
Total
34
83,O0S
3."..
1
$6,833,130
THE CHRONICLE.
326
preferred stock consists of $100 shares, and is entitled
of 6 per cent per annum. Common stock to the amount of 13,500,000 has been authorized,
and is held in the treasury of the company to be issued as
The
to
a non- cumulative dividend
required for construction.—Poor's Railroad Manual.
Atchison Topeka & Santa Fe.— In this company's application to have placed on the regular list of the N-w York Stock
Exchange a further amouot namely, $3,351,000— of its coUatteral trust five per cent gold bonds, due Feb. 1, 1937, the
This additional issue comfollowing information is supplitd
pletes the entire amount—viz., $15,000,000— authorized under
Santa
the trust indenture relating to the Atchison Topeka
Fe Railroad Company's collateral trust five per cent gold
bonds. The statement below gives all the bonds which are
now held by the Trustee against the present outstanding
amount—$15,000,000—of the said collateral trust five per cent
—
:
&
gold bonds
$6,457,000
California Central Railway Company, first mortgage
270,000
Sedoudo Beach Railway Company, Urst mortgage
CUicago Saiita Fe & California Railway Company, Pekin
Divleiou mortgage
& Banta
Fe Railway Companv, first mortgage..
ieaveawortli Nortliern & Southern Railway Company, fiist
mortgage
The Puetilo & Arkansas VaUey Railway Company, second
mortgage
8t. Joseph Ht. Louis & Santa Fe Railway Company, first
mortgage
The St. Lomg Kansas City & Colorado Railroad Company,
first mortgage
Total
733,000
3,10e,000
646,000
500,000
1,907,000
1,381,000
$15,000,000
Atlantic & Danville.- Track-laying on this road, which is
being extended from Norfolk, Va., westward, has been completed as far as Hicksford, where it cro^iees the Petersburg
Bailroad 75 miles west of Norfolk, and regular trains are now
running through to that point. The work of constructing the
road westwaru from Hicksford will be rapidly pushed, and
Iiawrenceville, Brunswick County, will be soon reached. The
line is being built of standard gauge with 56 lb steel r^iils.
The company owns extensive grounds and river front at Norfolk Haibor. Local aid to the amount of $525,000 has been
|;ranted the road, payable in six per cent bonds of the respective municipalities, to be delivered when the roid reaches
them. It is stated in New York that sufficiert funds have
been secured to complete the road to Danville.— B. R. Gazette.
Atlantic & Paelflc— The Boston Herald savs: "It comes
from New York that
Messrs. Kidder,
Peabody
& Co., J. & W.
Seligman, and others, have taken the Atlantio & Pacific pecond
mortgages at 91i^ and will soon offer them for subsicriptron.
The new bond is a tweuty-yearji per cent issue, due in 1907,
interest payable in March and September, and to accrue from
September 1, 1888. one year's coupons being cut oflE. The
issue will be $5,6UO,000 and the Atcbison and St. Louis & Sin
Francisco companies take them and guarantee them separately.
The bonds are printed but not issued. What the Atlantic
& Pacific is to get for them is not known. The Atchison and
St. Louis & San Francisco should derive an advantage from
their guarantee.
Whether these companies take the whole
$5,600,000 is not known. The Atlantic & Pacific owed the
two companies December 81 last rising $7,600,000, and protablyowes a floating debt of $8,000,000 at this time. If the
&
Atlantic
Pacific gets 85 for the bonds, the sum realized
would be $4,760,000. At 91}^ the proprietary coinpanies would
realize $5,124,000, making the guarantee worth $364,000. Very
tikely Atchison wi 1 secure $2,000,000 to
$2,500,000 from this
source, which will help the company over the present lean
period.
The Atlantic
Pacific will get the larger part of its
Hoating debt secured, and, it may be, obtain a release of some
of the lands hypothecated against this debt."
Called Bonds.- The following bonds have been calle for
&
t
payment:
^'Ci'^'ATi Sandusky & Cleveland R.R.— Mad River &
T
•L.ai£e Erie (Sandusky Dayton
& Cincinnati) 1st mortgaKe 6
per cent bonds, due F^b. 1, 1900, to be paid at the
National
Boston,
Oct.
15, 1888, at par-259 bonds of
iTi^ ^?°^'.
•1,000 each, viz.
S
'
m
clearly what will happen.
" The message does not refer to the transit of goods in bond, say,
from Chicago to New Y'ork, across Canada, a privilege which the
Americans enjoy, and it is not likely they will deprive tliemselvcs of It,
to their own inconvenience and loss. The State of Michigan, for
instance, depends almost entirely upon the route across the Province
of Ontario for exports and Imports with the Eastern States
While,
therefore, the privilege of transit In bond across the State of New York
may be withdrawn from
the Canadians, forcing the traffic by the Grand
to Montreal and Quebec, it would not seem at all probable that
the bonding system which the Americans enjoy across Canada will be
disturbed either by the Americans or the Canadians. Take the two Vandcrbilt lines, the Michigan Central and Canada Southern, running between
Chicago and Niagara Falls and Bufi'alo; these Hues entirely depi-ud for
their tiatfic upon the trnnsit of goods in bond across the Province of
Ontai'io. Then the nnw 'Soo' route, bringing Minneapolis and St. Paid
3f>0 miles nearer the Eastern States and the Atlantic seal)oard, depends
upon transit across Canada, and it would be absurd to supitose that the
great Northwestern States would rest content to be deprived of the
advantages of this shorter route across Canada.
Trunk
—
&
common
St Paul. The directors passed the
stock and reduced the dividend on
i% P^' cent, or at the rate of 5 par cent per
annum, instead of 7 per cent. In justification of this action
the directors gave out ttie ofiicial figures of the company's
earnings for the first six months of this year, compared with
the same period of last year, as follows:
Chicago Milwaukee
dividend on the
the preferred to
1888.
Gross earnings
Operating exiienses...
Netearnings
1887,
$10,554,089
8,678,164
$11,113,471
7,530,541
$1,875,925
$3,662,930
This s'atement shows a decrease in gross earnings of
$039 382 for the half-year, an increase in operating expenses
of $1,147,622, making a total decrease in net earnings of
$1,787,005, equal to a loss of about 50 per cent. The St. Paul
Road is also operatirg over 400 miles more road than it did a
year ago. These results are due, of course, to the sharp competition for business and unreasonable cutting of rates.
Vice-President Bond of th'' St. Paul Company made the following statement to Dow, Jones & Co. " With the dividend on
the preferred stock of 2}^ per cent, preferred stockho derswill
have received 6 per cent during the current year, and common
stockholders have received 2% P*"" cent, making a little more
than $2,300,000 paid out in dividends during the twelve months.
The Company has never earned during the firtt six months
of the year the dividends usually declared in September.
Last year but $3,600,000 was earned durinj! the first six
months and $6,450,000 was earned during the last half of the
year. It has always been a custom of the board when declaring the September dividend to anticipate the net earnings
In the opinion of the board,
during the last half of the year.
however, the severe losses arising from the demoralization in
rates during the last twelve months a direct result of the
wbrking of the fourth and fifth sections of the Interstate
Commerce law, which relates to the long and short haul
charges and prohibits equitable arrangement between companies for the division of competitive traffic this, coupled
with local State legislation in the same dir( clion, b^s brought
into the rate question an element of uncertainty which warrants a departure from the usual policy of anticipating the net
»
»
*
earnings in the declaration of dividends."
" While the decrease in the net during the first six months is
exceptionaily large, it is but little in excess of that shown by
the Northwestern Railway, and not nearly as large as that of
the Atchison, the Burlington, and it is believe! aUo the Rock
Island companies. I refer to this only to show that the exceptional circumstances beyond the control of the company and
its officers have worked quite as sevt rely against all the other
railways in the country triOutary to our o«n line?."
Vice President Bond, referring to the ttatement that the
company has told its proposed bo ids, to be issued against the
" We
Chicago & Evanston bonds held in the treasury, says
have not eold any of the bonds. The mortgage has not even
been executed."
Foreign Railway Bonrdg, In view of the e^ablishmtnt
of BO-called ''Railway Boards" in various Continental coun:
—
—
:
162,
235,
272,
317,
346,
408,
468,
488,
fix'
ilJ,
670,
736,
791,
letter of Mr. Joseph Price in the London Railway News of
Sept. 1 sayf:
"The Fisheries Treaty having failed, the President of the United
States virtually says, We will now inflict the most damage we can on
those who have injured us, with least harm to ourselves.' He says,
By the privilege of transit in bond, duty free, across the United States
territory of Canadian exports and imports, the Canadians have within
six years transported across United States territory goods to the value
of $270,000,000.' The carriage of this traflio has been chiefly over the
railways in the State of New York, and it is this privilege which the
President proposes to \vlthdraw. The eftect will be to throw all this
ti'aftio over the Canadian railways to Montreal.
That such an obvious
this country is very strange, but this is
fact should not be understood
'
GENERAL INVESTMENT NEWS.
llie Denver
[Vol. XLVIl.
238,
279,
324,
351,
404,
460,
487,
5i§'
592,
677,
743,
792,
m-
til'
886, 883,
958, 959,
239,
260,
325,
352,
406.
4()3,
492,
*^1'
593,
678,
744,
793,
»*'•
901.
960,
Ohio &
due Oct. 1,
240,
282,
326,
358,
408,
464,
496,
^^^'
599,
681,
747,
797,
"»8,
914,
963,
245,
284,
328.
372,
4J0,
465,
497,
555.
615,
684,
751,
799,
863,
931,
965,
246, 247, 248, 253,
285, 295, 301, 302,
330, 331, 333, 335,
37« .184, 3811, 390,
413,
*i^ f^S'
4b7, ^ll4^8, J70, 473,
498 500, 512, 523,
564, 565.
565; 572.
572i 576.
576!
,
.
616 626 627
686, 694, 699
754 764 766
801, 802 803
804 866 868
936. 937, 941
259, 260, 261,
30.1,
.337;
260',
27o'
308 313 314 316
SSo! 840 342 344
392, 396, 4l.O, 401, 402*
''''O' ^^S, 448, 455 456;
477, 478, 479, 482 485
524, 525 531 532 53H
.-,77
57? .'-,7S
578 !-,».l'
5S5 nSa'
58r' HZ'
^«
64i; 645 65o' 654'
720 724 72?1 7'll' 7^i'
773 776 783 786 78s'
812 814 818 827 si?'
871 872, ^74 I77' |?«'
629 65
712
772
806
869
946 947 948 949 lV^
968, 9701 974! 9751 979, "sol 987!
^91",
flS7
99!:
Mississippi Railway EQUiPMENr Teost of
1887
1897, to be paid Oct. 1, 18S8, 60 certificates of $1 000
A^i: ^k \*4o"i'4i:',\1}.%l,'i2|: ItiTliI?'^!!' '^ V^^ illCanadian and States Trafflc— In regard to the subject of
measuns between Canada and the United States, a
«etaliatory
—
constituted of acknowledged authorities on trade, industry and communication, and the excellent results which have
attended the working of these bodies, a definition of their
aims and duties may be of interest, taking the Railway Board
of Germany as an example.
The object of the railway board is to cooperate with the
regular wurking boards of the State railways in the decision
of qui stions of spe^ ial importance, as traffic questions, rates,
&c. The board consists of 23 members a chairman, 5 representatives of agriculture, 5 of commerce, 5 of industry, 2 of
fishery, 2 of horticulture, with 3 reprrsentatives of special
branches of trade. The members are chosen by the Minister
of the Interior, but from the lists submitted by the representative societies of the industries named.
He also appoints the
chairman. Tne members are appoint d foratemi of three
years, but may bi re-elected.
Directors of private railways,
or oihiir compani-'s of communication entering into competition with the State railways, are diequalified from being
tries,
—
BKFTUIBBB
THE CHRONICLE.
10, 1»88.J
The managini; dlreotor-in-obief of the Sl»te railentitled to a seat in the board, and may in his absence
appoint a deputy to take part in its procuedinf(8.
The members of tlio board representing a special industry
may submit proposals on particular questions concerning such
industry, but such propoaald are not to be takea into coisideration until the managing director has reported thereon.
The board can appoint a .special pernnnont committee o'
members to report upon questions to be submiciod to thn
board, the chairman of this committee being the chairman of
the board. In cases of special urgency the ordinary board of
management may decide questions which should otherwi-ie
have been submitted to the special board, but must immediately communicate such steps to the latter. » » »
Lon«leoted.
wayn
is
—
don Railway
N'tios.
& Texas
—
Central. This railroad and the various
branches, togeth-r with all the land franchise, about 4,000,000
acres, rollmg stock, depot grounds, machine shops, etc., were
Bold in forelosure on tha 8th inst.
The main line and all the branches, except the Waco &
Northwestern branch, were soli to Frederick P. Oloott, of Ni»w
York, President of the Central Trust Company, for 110,580,000.
Ilon.ston
& Northwestern was sold to George E. Downs, of
York, for |35,O0O, subj ct to a 1st mort. of $1,140,000.
The Centnl Trust Company is a party to the proposed
Thif would have left a surplus of $10,084. after payment
of the annual interest on the issue of $4,500,000 first mortgage
4 per cent bonds, were it not for the dlsaitrous accident whiiih
occurred on the 10th of August, 1887.
In order to p»T
promptly the claims arising from this diMMter, it waa deemed
to be for the beat interest of the company to use for that purpose all Us available resources, ana as a conieqdeaoe the
interest on its first mortgage bonds due 1st January aod let
July last was necessarily left unpaid, amounting to $180,000,
which the company has
now liquidated by the
payments by the Farmers' Loan & Trust Company of
$45,000 in cash, and by the issne of $185,000 debenture
from 1st April last
or sooner, at the option of
compiny.
The holders of $3,612,000 bon-fe have already
accepted this settlement. After paying $233,617 in liquidatioa
of every claim arising from the accident of 10th Augtist, 1887,
the Company's entire indebtedness at present, iMyond ita
issue of $1,500,000 first mortgage bonds, only consists of—
reorganization of the company, and in the articles of reorganization is named as a purchasing trustee. The new company
is to be organized with a capital stock of |tO,000,000.
There
is an assessment to be paid on the old stock, but the percentage of this assess^ment has not yet been determined.
Hudson River Tnnnel.— The CuRomcLE noticed a few
weeks sinca the offering of the bonds of this company in
London, and it is reported that the loan of |5, 000,000 was
practically negotiated there.
The company was incorporated in this State and New Jersey in 1873, and about
$2,000,000 has already been expended for tunnel work. It is
a twin tunnel and the excavations have progressed about
8,000 feet and 700 feet from the New Jersey and New
Y'ork shores respectively. It is thought that two years will
be required to complete the most advanced underground
channel, and it is estimated that $10,000,000 will cover the
cost of the tunnel exclusive of approaches. The points in the
tw^o cities where the tunnel work proper will terminate are
the foot of Fifteenth Street, Jersey City, and the foot of
Morton Street, this city. Some of the active men in the scheme
now, as given by the New York Times, are Trenor W. Park,
D. O. Milld, William Mirtin, Fred. B. Jennings, Charles G.
Francklyn and Gen. J. C. McCullogh. The trustee of the
company in the city is the Farmers' Loan
Trust Company.
The bonds of th-j corporation isjued abroad are first mortgage
5 per cent gold bonds. Interest is guaranteed up to Jan. 1,
1893.
Tne English trustees are Lord Balfour, R-*sinald A.
Capel, Claude J. Hamilton, Alexander HubbHrd, J. B.
KendHll and Major-Gar: eral H. Riverp. The tunnel will ba
completed under the supervision of Sir John Fowler and
Benjamin Baker, engineers of the Forth Bridge.
Northern Pacific— The Northern Pacific Railroad Company has made another important acquisition in purchasing
the Ca3ur d'Alene Railway & Navigation Comptny-g property.
President Robert Hirris authoriz.^s the following statement: " The Northern Pacific Company has purchased the
entire system of the Coeur d'Alene Rail tvay
Nivigation
Company.
The latter comprises a number of steamers
that ply upon Lake Cceur d'Alene and the Coeur d'Alene
River, as well as about thirty-three miles of narrow
gauge railroad extending from Coeur d'Alene Mission through
the famous mining region of the same name. This will give
our company an all-rail connection wiih Puget Sound, and
with the great mines of Idaho Territory." Mr. Harris said
that the whole matter had been closed within a month past.
The capital stock of the Coeur d'Alene Company is $1,000,000,
and it pays 2 per cent quarterly. There are $360,000 6< guaranteed bonds outstanding. Mr. Daniel C. Corbin is President.
It is stated now that the atrreement » ith the Manitoba Government concerning the R>'d River Valley Road remains to be
approved by the dir ctors of the company, and also that there
may be litigation by parties claiming an old franchise.
&
&
New York
Stock Exchange.— New Securities Listed.—
The foUowine new securities have been listed
Atchison Topeka & Santa. Fe.— Collateral Trust Ss,
:
$3,351,000,
making
bearing
scrip,
redeemable
4
per cent
April,
Floating debt, Inuludlng
intereet
1893,
$U,«63 96
cost
new equipment
Total
.$135,000
lti9,lM
^04,198
To meet the above, the company owns $500,000 of its first
mortgage bonds and 4,231 shares of its capital stock, which is
unissued.
St.
Paul Minneapolis & Manitoba— Eastern of Mlane-
—
sola.
Work on the Eistern Riilwiyof Minnesota is progressing rapidly, and President Minot expects the lioe to be
completed aod ready for traffic before the end of September.
The entire length of the line from Hinckley to West Superior
is sixty-nine miles.
The track is laid with 75-pound rails.
Extensive terminals have been provided at West Superior,
twenty-five acres of land having been purchased. The company has the great Northern elevator, with a capacity of
1.800.000 bushels, and is building another with a capacity of
1,500,000 bushels,
Sutro Tunnel.—The royalties
$19,030, against $8,801 in 1887.
received
in
August were
—A
& Ohio Central.
decision ot soma importanoe
reported by the Cleveliud Leader. The opinion disposes of
questions growing out of the foreclosure of the Oaio Central
Railroad at Toledo, in which George J. MiGourkey, as
trustee in certain car leases, filed three intervening petitions,
claiming: large sums due for the use of seventeen looom itives,
about 3,000 coal cars and about 800 box cars used by the receiver during the pendency of the foreclosure proceedings.
The question of the reasonable rental due for auoh cars was
referred to Captain A. J. Ricks as special master. A protracted
hearmg followed and a vast a^nount of testimony was tiken
in New York, Chicago and elsewhere. In the answers filed to
McGourkey's claims, the purchasers of the load set up as a
defense a want of title in the lessor, and claimed thit the oars
were in fact owned by the Ohio Central Railroad, having
passed to them at the sale as part of (ha properly of the railroad under its "after-acquired proparty clause." The trustee
claimed some $247,000 and the
ister allowed about $S0,O0O.
After the mister's report was filed a large amount of additional
testimony was taken on the question of the title to the cars,
which wasraisedon an intervening pe':ition8ubsequantly filed.
The case was argued before Judga Jackson of the United
Stales Circuit Court, and in the decision now rendered Judge
Jdckeon holds that the scheme coatrived to create a car trust
was illegal, was a failure, and further that the cars leased and
claimed by McGourkey for the syndicate were in fact paid for
by the Ohio Central Railroad Company and under the "after
acquired property clause" pissed to the mortgagor in the foreclosure prooeedings. The Court therefore holds that the title
to the cars passed to the purchaser at the sale. The case will
be appealed to the Supreme Court of the United States.
Toledo
is
m
—
Western Union Telegraph. The corrected statement for
the quarter ended June 30 shows that the net revenue for that
quarter were understated only $1,320. The following comparee
ttie eBtimate for the current quarter with the actual of the
coriesponding quarter of 1887
:
.
Quarter ending Sept. 30.
«
Estimaled, 1888.
$1,30U,911
$1,550,000
Actual. 1887.
Net revenue
Deduct—
Interest on boadd
Sinking fund
total listed, $15,000,000.
Ist
Four per cent deltenture scrip
The Waco
New
327
$122,652
20,000
$184,802
20,000
204,803
Chicago Rock Island & Pacific— 1st Mortgage Extension
and Collateral bonds, $1,000,000, making total listen $34,960,000. Net income
$1,1B4,259
SI..')45.198
811,875
1,077,368
Illinois Central.— G. Id Four Per Cents of 1952, $3,500,000, Lees dividend
making total listed, $10,500,000.
Surplus for quarter
$352,384
$267,833
NoRTHEUN Pacific— General Third Mort. and Land Grant Add surplus Juue 30
7,002,185
7,498,549
68, $2,G69,nOO, making total listed, $10,699,000.
$7,766,381
$7,354,569
Mo. Pacific— Pac. RR. of Mo. Ist Mort. Extended Gold Surplus September 30
49, $7,000,000, Nos. 1 to 7,000.
Wabash.—At Na°hville, Tenn., Sept. 10, in the United
Norfolk & Western. —Clinch Valley Igt Mort, and Equip- States Court, before Judge Jickson, a motion was m ids by
ment OS of 1957. $840,000, Nos 1 to 840.
counsel for S. F. Johnoon, chairman of the committee of disToledo Peoria & Western.— Ist Mort. Gold 43, due 1917, senting first mortgage Waba^ib bondholders of New York, for
$4,500,000, Nos. 1 to 4,500. The old 78 were stricken off.
the appointment of Gen. McNulta as separate roceiver of
Toledo Peoria & Western. The statement of this com- the property embraced by the first mortgage of the Toledo ft
pany to the New York Stock Exchange gives the following Illinois Railroad of 1853 Judge Jackson entered an order to
exhibit of earnings for the year ending June 30, 1838
take effect as of September 1, directing Receiver McNulta to
Gross earnings
$94«,521 17 keep separate accounts and bold separate the earnings of the
142,652
—
:
Operating expenses, taxes and general expenses
Net incomp, after expenditures ot about $50,000
betterment of road and equipment
749,440 41
$199,084 06
&
lie then
Illinois property under the first mortgage,
the further hearing of the motion for a separate
receiver for October 22 next at Nashville.
Toledo
set
for
down
THE CHRONICLF.'
328
COTTON.
%\xt OLjommjctaal limes,
Sept. 14, 1888.
porThere have been storms of exceptional severity along a
the weather contion of the Southern States, but in general
Accounts
ditions haye b« en favorable all over the country.
yellow
with regaid to trade continue quite satitfactory. The
The
fever epidemic, however, in Florida has not yet abated.
sharp
the
is
week
this
Bpeculat-on
most important feature of
'
decline in wheat.
10'10@10
on the Epot has been
in lard
15c. for
week and 18,517 bales three weeks since, making the total
receipts since the Ist of September, 1888, 84,855 bales, against
226,997 bales for the same period of 1887, showing a decrease since September 1, 1886, of 142,142 bales.
dull,
prime to choice WeBtern and
9-70o. for re-
Mon.
Wed.
Tuet.
Thurs.
Fri.
Total.
1,073
4,764
2,9S5
3,781
1,781
3,528
17,91^
314
452
1,391
1,430
231
422
172
1,213
1,150
5,920-
572
664
505
2,596
2,7J6
4,401
2,274
6C6
1,734
822
12,65»
Sal.
Reeei]>t» al-
Galveston
Indianola,<%o.
New Orleans
but in sympathy with the course of (peculation there is a sharp advance
in pricfs, closirg eearly ncminal at 9 TOc. for prime city,
The budcess
Friday. P. M.. Sept. 14, 1888.
as indicated by our telegram*
from the South to-night, is given below. For the week ending
this evening (Sept. 14), the total receipts have reached 45,691
bales, against 39,164 bales last week, 23,639 bales the previous
The Movement of the Crop,
COMMERCIAL EPITOME.
Friday Night,
[Vol. XLVIT.
. .
Mobile
Florida
Bavannah
€07
60T
551
25
166
23
707
35
2,986
36
40
76i
C,285
8,159
Bruusw'k.&c.
Charleston
The speculation in futures has bef n
Port Royal, Ac
fairly active, but fitful and untertain in tone. The better re- Wilmington
Wasli'gton, Ac
ports frcm the corn crop had today a weakening irfluence
Norfolk
upon the more distant options, but at seme recovery the cloee
West Point, Ac
was firm,
New York
OF LAKD FUTirREg.
472
961
279
374
349
153
156
171
46
l.'iS
194
2-H
23
105
201
25
fined to the Continent.
DAILY CLOSINO PRICES
Satnrd'v- Uond'y Tiiesd'y. Wednsd'y. Thnrsd'y. Friday.
1018
10-28
1020
lo 25
Bept. aclivery...o. 10 10 10 2!?
10-10
10-12
1016 10-14
Oct. deliverv... c. 10 00 1015
9-34
9-45
9-35
950
9 30
i;oT.deliTery....c. 9 27
8-58
8-80
8-80
8-77
8 64
Dec. dcliveiy
c.
i>-72
8-34
860
8-53
8-43
8-r,5
Jan. delivery
8-CO
c.
8-58
8-78
8-76
8-62
860
Veardtli\en....c. 8 71
Pork has been firm, but closes quiet new mfss, $15 25@
f 15 75 and clear, f 17@|19. Cutmeats are unsettled pickled
bellies, fl^^CglOis'c; thculdtrs, 7Ji@8c., and hams, 12@12>^c.;
Beef
smoked shoulders, 8J^@9c., and hams, 13i^@13p^o.
quiet at 17® $7 50 for extra mef s ar d |8 £0@ $9 for packet, per
bbl.; India mess quoted at |14 5C@$16 50 per tierce; beef
;
65
Bos'on
Baltimore
PUladelpbla.Ac
Totals this
week
5.4141 12.588
to
10@10i^c.
Florida
. .
12-75o.
Kovember
12-2i c.
ll-70c.
I>ecember
ll-30o.
I
i
|
|
January
February
HOOc. May
ll-OOo.
June
10-95c.
10-950.
Marcb
10-95o
July
10-9.'^c
April
10-90e.
August
10-95e.
damaged by the recent storms along the South
Atlantic coatt. The tea lale on Wednesday was not a large
O le, and about steady prices were obtained.
Kentucky tobacco has been quiet, but late prices are -well
BJBtained. The movement in feed leaf has been large 800
seriously
;
cafes 1887 crop, Wisconsin Havana, 9@ 143.; 150 cases 1886
crop, Wisconsin Havana, 8K@12i^c.; 1,100 cases 1887 crop,
State Havana, 10i^@20c.; 150 cases 1886 crop. State Havana,
13@16c.; 4C0 cases 1887 crop, Pennsylvania Havana, 16@S8c.;
SOOcsfes 1887 crop, Pennsylvania seed, 9@10i^c.; 250 caees
18t6 crop, Pennsylvania seed, 7i^@13c.; 300 cases 1887 crop,
JJew England Havana, ]3@31c,: 800 cases 1687 crop. New
England seed, 13i^@20c., and 250 cases sundries, 5@30c.; also
700 bales Havara, 60c.@$l 10, and 300 bales Sumatra,
fl85@fl75.
On
the Metal Exchange there has been some briskness to
speculation, but the course of prices was irregular,
and
the lone unsettled. To-day Straits tin was quiet at 22S0c. on
the spot and 22-2oc. for December. Ingot copper is
nearly
48,202
13,803
30,116-
5,920
2,590
8,493
4,081
20 006
17,32?
2,815
36,159
50
707
33,9S4
1,400
20,204
35,737
8.294
1,886
04,606
3,209
36,584
17,200
43,622
2,908
29,02jS
33
749
8,590
11
7,219
5,026
12,129
1,402
10.609-
1,494
3,91T
122,722
1,400
820
4,234
22,732
186,137
192,752
627
Charleston
P. Royal, Ac
2,986
Wash't'n.Ac
Norfolk
1,813
7,183
28
1,911
23
2,827
W.Polnt.Ac
230
254
Wilmington
26
850
23
4,802
...
PhU'del'a,
Ac
SO
9,256
6,233
76
84,855 126.041
45,691
Totals
4,264L
228
77
Boston
Baltimore
1887.
1888.
New York
226,9
2,800-
2,78*
6,59*
In order that comparison may be made with other years,
give below the totals at leading ports for si x seasons.
have met with an active demand from refiners Reeciptt atfhow a further improvement. The sales to-day Galveston
included Muncovado at 4 9-16c. for S3 deg. test and 533c. for New Orleans.
was
24,051
30,389
prices
£8 deg. ttst, and centrifugal at 6%c. for 96 deg. test. Refined
Eugais are in demand at full prices. Molasses remains nearly
nominal. Rice is ur settled. It is reported that the new crop
23,83ti
607
.
Sloek.
Since Sep.
1, 1887.
17.912
1,
12,6.^3
Raw sugars
and
45,091
1888.
Since S<p.
Savannah ...
Brun8W.,&c
:
Beptember
October
230
Thi»
Week.
Thit
Weeh.
Sept. 1 4.
Tallow is dull at 5Jgc.
steady at |U@$14 25 per bbl.
Stearine is quoted at 113^@12c. Oleomargarine in demand at
Eio it 143s'@14«8C., No. 3 do., 15i,^c., and 13;g@14c. for No.
6 do.; Santos, 143^c. for No. 6 and 16^c. for No. 8; besides s
good bufintEs in Msracaibo, &c., at full piices. The ipeculation in Rio options has been active but at variable price s, but
gradually gaining strength, closing firm, with sellers as follows
5,747
1887.
1888.
Beetiptt
Halveston
Inu'uola,Ao
New Orleans
Mobile
Butter is in good demand at 17® 24c. for creamery
and ]2@]5c. for Western factory. Cheese is fairly active at
7@85^c. for State factory.
Coffee on the spot has been improving in values, with a good
trade, and to-dsy was quite active, the files including No. 4
7,498
23
1.81*
For co-mparison we give the following table bhow ing the week's.
total receipts, the total since September 1, 1888, and the stock
to-nijrht. compared with last vear.
;
hams
350
25
sso-
Mobile
Savannah
...
Charlest'n.Ac
Wilm'gfn,
Ac-
Norfolk
1888.
Ail others
Totu this week
1884.
22.501
7,124
2,450
25,008
12,158
2,531
5,323
22,52*
17,S1»
4,45*
24,03T
16,071
2,001
904
140
497
19,711
11,765
2,504
24,711
15,853
2,575
3.725
2,619
1,280
376
2,300
1,419
1,589
71,915
81,743
81,737
96,91»
2U,£31
12,907
230
b83
45,691
126,041
873
1883.
1885.
24,051
20,006
4,802
33,984
20,237
8,eoi
7,219
5,026
2,115
1,813
Wt Point, Ac
1886.
1887.
17,912
5,920
2,596
12,653
3.011
we
],12.=>
19,370
7,203
538
4,90*
•inoeSept. 1
84,855 220,99" 126,259 160,592 l.;8,4(i2| 194,475
Galveston inrtudes Indianola; Charleston Incliules Port Roval, Ac;
WllminetonlncludesMoreh'd City, Ac; West Point iucludes City Point, At.
The exports for the week ending this evening reach a total
of 32,858 bales, of which 29,46i) were to Great Britain, 1,415
to France and 1,978 to the rest of the Continent.
Below are
the exports for the week, and since September 1, 1888.
Wtek
/roil
—
Salreston
Endlr.ii Sept 14.
Fr<ym Sept.
Exvortei to—
Exportt
Ortat
Brit'n. France
1,
18S8, to Srpt.U,
Conti- Total
nent.
Week.
Great
Confi-
Britain. France
....
4,131
4.134
4,184
.Sew Orleans..
Mobile
Florida
?,260
2.2S9
5,CS»
4,005
18.«43
B,P57
26,508
«,6S0
1,91S
1,40«
»(9
012
e^
i.b;s
SgtBS
41.0S6
2 sun
3.1.
170
5J,B'.17
Savannah
18f»
Bxvortta to—
tient.
rota!.
4,134
9.188
—
Charleston....
Wilmington
..
nominal at 17}^c. on the spot. Domestic lead was up to 5-05p.,
but to day told freely for October at 4-9.")c., quoted
5-02}^c. on
the spot. Speher is easier and dull at 4-80c.
'Norfolk
West Point.Ac
Spirits turpentine is active and firmer at 88i^@39i'.
Robins
areetsierat |1 for good ftrained. Crude petroleum certificates have I een depretsed by dull trade, cloeing at92ig(g92>^c.
with refined J^c. per gallon lower.
BultliQore ....
Phliadelp'a'Ae
New York
Boston
T»t«l
15,8:!4
1,416
5.550
........
107
477
18«
C02
89,465
1,:«4
1,415
SI. 371
* InolodM exports from
Bruas wlok.
07
SI.989
n,757
4-,7
1,468
~.Si8
4,I6i
54,138
ICO
3,MS
66,6f.O
3,578
J
«B2
Skptember
15, 1888.
THE CHRONICLE.
J
In addition to above exports, our telegrams to-nightalso giva
us tho f<)llowin>? amounts of cotton on shipboard, not clciirod,
at the iKirts named. We add similar liRiiros for New York,
whioli are prepared for our special use by Messrs. Corey, Yale
Lambert, JM Beaver Street.
On Shipboard, tu>l cleared~-for
.Vcj»(. 14, AT—
OoailBrtat
Other
»._„..
329
The Sales and Priou or
ing oomprehensive table
Fvtmm ut ihown brthe folhnr-
ft
'™'"'- Foreign
Britain.
1.128
ITewOrleHDS....
Mobile
CharlpMtou
BaTniinah
Galvestou
Norfolk
New York
None.
None.
150
None.
OUO
12.500
2,000
Otber [lorw
None.
None.
733
2.312
None.
None.
None.
None.
None.
None.
None.
None.
None.
11.650
None.
Nous.
None.
Stock.
4,473
None.
100
lUO
8,500
3,486
4.(>00
iMivina
Total.
leite.
12.85.-.
2,815
2,808
9,550
10,322
7.(!50
3,486
1,360
S4.150
2,000
460
None.
None.
144
98,572
6,802
Totalises.
16,978
2,312
10,3h3
7,538
43,209
142,928
Total 1887....
Total 1880....
Sl.S.'SO
3,243
0.673
14.015
9,860
20,1^96
70,004
59.000
122,748
154,080
25,609
14.7C8
I
The speculation la cotton for future delivery at this market
has shown considerable activity for the vresk under review,
but prices liave been variable and irregular. For the first
half of the week the Liverpool market was advancing, especially for tho early deliveries, the movement of the crop was
exceptionally small, and a siorm of great violence ftassed over
GacT^i% ani the Caroliaa<i. Bat in other parts of the cottoagrowiag region the weather was better. Oa Wednesday an
incident was the tender of certiftoates c ivering 30,000 bales on
September contracts causing, in conjuction with good advices
from the South, some declme, which was speedily recovered
when it was se^n that the certificates were quickly takea up.
Yesterday the market was dull, with very litcle change, spec-
bemg
by the umertainty regarding the SepTo-day the market made an early advance,
Southern
the face of dull foreign advices, but
in
accounts were stronger. The c!o3e, however, was quiet.
Cottoa on spot advanced 1-16j. on Monlay, when a very large
export businesj was reported for the previous week, but declined l-lCo, on Tu'siay, aad again on Thursday. Today
there was a recovery of l-16c., middling uplands closing at
ulation
restrictei
tember options.
10 7-16c.
The total sales for forward delivery for the week are 438,f 00
For immediate delivery the total sales foot up this week
bales.
for export, 5,460 for consumption,
5,460 balos, including
in transit. Of the above
for speculation and
bales
were to arrive. The foyowing are the official quotations for
each day of the past week Sept. 8 to Sept. 14.
—
—
—
.
UPLANDS.
Strict Ordinary
Good Ordinary .„.....,
Strlot Good Ordinary.
liOw Middling;
Strict Low Middling
Men. Tnesi'Wed Tb. Frl
7%
711,( 7I1,« 7»,«
8i«
8>4
83,8
83,6
8118
918
9:'i8
an
9
91,,
Sat.
.Vlb.
OriltaPTy
i
71I16
8'18
918
I
9»8
10>4
10^18
9=8
911,6 9=8
lOija 10
10
10S,g
1014
J1014
10>s 107,8 10-18
10
..
MlddliiiK
,
Good Middling
Btrlct Good Middling..
10%
101-1,8
11
Middling Fair
Fair
lUia
in,8
12
1138
GULF.
...V
lt>
9I4
9%
lOig
1038
JLow MMdliDi;
Low Middling...
MlddllDK
Good Mldlllng
Strict Oood Middling..
Middling Fair
ralr
Strlot
10«,fl
10^9
STAINED.
Strict
Low
Good Ordinary
>{iddllnir
.
Middling
lOH
107,8
10n,«l0%
lOiSielu
11
1138
12
ill
116,8 jll3a
llii>,«il2
mouTnea Wed; Tb.
7 '8
838
»*1«
913,8
10t,«
107,8
1058
1"16,«
im
H»I8
iiifl
I'Jie
11«,«
123,8
Sat.
y
Oood Ordinary
71:1,8
8»ifl
.
'
915,
10%
|ii38
121, « I12
Sat.
Ordinary
Strict Ordtnury
Oood Ordinary ........
Btrlut Good ordinary
10%
713,8
713,8
9>4
OH
9%
9%
I
loie
1033
10*18
Io'b
11*8
ll>a
12%
99 16
10
9»a
103,8
1038
1
7%
8'4
9»18
9<S8
911,
10>8
>038
lOia
lO'ie
105,8
10»,8 lOij
1079
1013,8
Ills
llll«
I113
ll'lB
12 >8
1211.
10%
I
!
I
I
Frl.
1
109, „
10^8
11%
I
11»9
12%
Mon TnesWed Tb.
Frl.
7i«
83,8
79,8
7=8
758
8»„
8»,8
9>4
H'l
lOija 101,8
7=8
8'18
.......... 914
101,8
lb.
1
:
9%
93,8
91616 10
MARKET AND 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 AHD TIULN8I;.
SPOT HAKKBT
CLOSKD.
Sxport.
Oon-
1
Svee-'Trari'i
tumpuVl'n
»it.
Deliv
Totat.
Salee.
,
We have Inolnded In the above table, and shall oontlnae eaoh
week to give, the average price of futnree each day for each month. I»
" Aver." Th«
will he found under each day following the abbreviation
iverage for eaoh month for the week Is also glren at bottom of table.
ly
eriet.
Monday, 9-7;o.; Taatday,
Thursday, 9058. Friday, 9-750.
Tranaferable Orderi -Saturday, 0-730.;
Sat
..
Mon
Tiiea
.
Steady a
.
Quiet
Wed
Thun
.
027
Stoaily
627 39,700
88,300
79,000
14,30'
52.'00
1,8 adv.
Ijg dec.
1,828
1,011
1,828
1.011
t-teadyarcv.quo.
a" Ijb adv.
614
C24
514
62 i
856
856! 82,10,<
.:5,460
5,460 436 000
a>
Sl.-ady
Frl...|tjuicl
9-70J.;
Wednesday,
9'65o.;
;
The following exchanges have been made during the wet k:
April.
40 pd. toexch. 100 Dec for Mny. •37 pd. to exch. 100 Sept. for
-04 pd. to exch. 600 8e,>t. for Nor,
08 pd. to exch. 100 Oct for JiiiL
for
May.
lO
Sept
45
toexon
jid.
04 pd. to exch. 600 Sept. for Oct.
O Si-pi. for .Vov. 53 iMl. to exch. 100 Sept. for Jiui^
•02 pd. to exch. 1,
•(13 pd. to exch. 2.2'
So it. for Nov. 05 pd- to o»rh. tfO-i .S-pt for Oeo.
•
TetaL
The
dally dellverle* given above are aotoallr deUvered tb»
tliat on wliloli they are r«port«.i.
Vrevlons to
.;i
day
•04 pd. to exch. 700 Sept. for Dec.
•05 fd. to exch. 700 Sept. for Oct.
•04 ihI. to exeh.
•08 pd. to eich.
5oo
Sept. for Deo.
100 Nov. for Jan.
THE CHRONICLE.
330
The abo\e totals show that the old interior stocks have
imreaned durinfi the week 1,133 bales and are to-night 25, SO*
bales less than at the same period last year, The receipts at
the same towns have been 36.987 bales less than the same
week last year, and since September 1 the receipts at all the
towns are 82,967 bales less than for the same time in 1887,
Thb V18IBLK SUPPLY OP Cotton to-night, as made up by cabif e
stocks, as well s
returrs
those for Oreat Britain and the afloat are this week's
brought dowt
liBd consequently all the European figures are
complete
to Thursday evening. But to make the totals the
from
figures for to-night (Sept. 14), we add the item of exports
the United States, including in it the exports of Friday only.
1886.
1885.
1887.
1888.
451,000 381,000 511.000
bales 260,000
Btook at Liverpool
26,000
26,000
39,000
14,000
Btook at London
and telegraph,
is
The Continental
as f oUows.
Total Great Britain Stock.
274,000
took at Hambni'g
took at Bremen.:
f',000
27,600
5,000
Btock at Amsterdam
Btock at Kotterdam
300
700
took at Antwerp
Stock
stock
Btock
Stock
Stock
at Ha^e „:::::::::::...
at Marseilles
at Barcelona
at Genoa
76,000
3,000
40,000
6,000
9,000
atTrleste
Total European stocks....
India cotton afloat for Europe.
Amer. cott'ii afloat for Eur'pe.
Bgypt.BrazU.&cafltforEVpe
Stock in United States ports..
BtooklnU. 8. Interior towns..
OnltedBtates exports to-day.
407,000
2,200
32,800
19,000
537,000
3,500
33,'00
34,000
400
400
900
1,300
112,000
6,000
40,000
lo,000
15,000
173,000
2,000
26,000
5,000
6,000
243,700
305,200
172,600
Total Continental stocks
493,000
4,800
62,300
25,000
200
650,700
76,000
39,000
5,000
213,986
38,674
2,167
798,200
108,000
63,000
23,000
192,752
40,518
3,883
446,600
54,000
48,000
9,000
186,137
14,714
4,453
Quotations for Middling Cotton at Other Markets.—
In the table below we give the closing quotations of nxiddllng
cotton at Southern and other principal cotton markets for eacfi
day of the past week:
Sept. 14.
1,700
134,000
3.000
42,000
9,000
9,000
Galveston
bales
afloat for Europe...
Bnlted States stock
United States interior stocks..
United States exportsto-day..
Total American
Stut Jtulian, Brazil, ttc.
Uverpool stock
London stock
Contlupntal stocks
Irila afloat for Europe
KgrpU
—
Charleston
Brazil, &c., afloat
&c
Total East India,
Total American
PrioeMld.Upl..
344.000
164,000
33,000
188,054
462,304
643,153
662,827
757,172
241,000
39,000
175,200
108,000
23,000
158,000
26,000
97,700
76,000
5,000
167,000
26,000
106,300
48,000
9's
. .
5Ud.
Siiod.
lOiieO
Week
9%
s^r^'
E:
K C 1^ >. «
ff.
1058
IOI4
10=8
1014
1008
9%
9%
9^8
P's
f'a
W's
1018
10%
lOifl
10 >4
ltl4
1014
1014
<)QDt5CCtO&:COCOCOUlF
CO
V
CTi
CO o:
If.
IS
ODCO
"bilo
"
17
••
24
"
SI
6,680
8,991
12.151
24.2:i4
1887.
1886.
1888.
48.719
9.649 19.449 47.D12
19,S70; 18,517! 47.606
.IO.SDhI 28.689 45.219
85.437, 39.164' 49,757
7.270
9,915
42.581
71,915 12t(.04ll 45.091
50,862
cffi;
OO
;
M CT
0>
i^O
M
„
...
•
Hr'^Kii-^
-Jl^io
if.
id u"
i-i
^ U Si
Sri
«
CJIM
fa
bo"to
rc(D*aot»-'to:
'•
GOOD
Ur- 9. CO CO to.
O*-Oi0iM0lC0
<ltOh^l6.S^»1?^
Voooo
oi-q
I^Or-tSaCOM
W
#*pm>p.ivOixa:tocoM^i*'«o*.
cVbto
OKO-£OvjooMteOKi-a:i(i.ooo--)
MJO
C. C5 M
CO O so
a -J
CO «- to CO to
CO CI
U) o ® to
*.
*.MMW M
COOOffiCnCOlO
^a
*Jtf.«^«5?DCOO*.t0^1C5MfOQDS:0§^
^
j»
w
—
t9w-.llO>Jl(.M
CB
CO
2:*';5'^5E^'""^*'^^ococoa:totoaoioft3
ecMM
Oxo>
^ to ^1 to M CO'
^
^occaaoi.
o
en
^
cow
o cn CO * CO M
.
;
oi-iuiotoo>io»a)too*'C;i»tOMotiM
—
—
toco-jio>-.<i
03
CO
1^
—
to
M.
le-touwi-ita
j^i**MCoifrWocooi»« i^coVjVi'coI-^e)
uo
"«"''« tor LouiRvUle
*.I5r
TUB
t
r'
CO-q
tO-Jl
m
year's figures estimated.
both years are "net"
10
10ia»»8
1014®% 1014®%
10=8
10=8
9%
978
978
10
10
10i«
1018
1014
10%
1887.
1888.
2».967
22,986
2S,256
20,385|
6,672^
5,219
16.244
7.814
8.H68; 15,308
23,';fl3
15.153
34,754
62,312
17.828
16 981
21,291
Weather Reports by Telegraph. — Our
—
..]
S^B
10
lOi^^Sg
188B.
1
1887.
1888.
6,616
li.207l 19,B«0 18,264
21,937 39.846, 22,803
47.019 96,8»8| 41.617
73,020 143,799 49,154
telegraphic ad-
vices to-uight indicate that the weather has in gene' al been
favorable to cotton during the week, a considerable improvement being noted in many districts. Picking is making good
An inundation at Aui^usta has done much damage
progress.
to property, but the rivpr is now rapidly subsiding.
have had rain on two days of the
Galveston, Texas.
week, the rainfall rf aching forty-eight hundredths of an inch.
Average thermometer 81, highest 86 and lowest 76.
talestine, Texas, The weather ha? been dry all the week
and picking is active. The thermometer has averaged 78, the
highest being 90 and tbe loweat 65.
Muntsville, Texas. There has been one light drizzle during
the week, the rainfall reaching four hundredths of an inch.
Picking makes good progress. The thermometer has averaged
79, ranging frtm64 to 93.
Dallas, 'J'exai.— Under the influence of dry wealher picking
has progres'^ed well during the week. The thermometer has
ranged fiom 65 to 92, averaging 79.
San Antonto, Texas. It has rained on three days of the
week, the rainfall reaching one inch and one hundredth.
Average thermometer 79, highest 91 and lowest 66.
have had dry weather all the week,
Luting, Texa.i.
and picking makes good progress. The theraiometer has
averaged 83, the highest being 99 and the lowest 66.
Columbia, 2'exas. There has been rain on one day of the
week, the rainfall reaching ninety hundredths of an inch.
Good progress is being made in gathering the crop. The
thermometer has averai^ed 81, ranging from 71 to 90.
Vuero, 'Texas. It has been ehowery on three days of the
week, the rainfall reachirg forty hundredths of an inch. The
crop is splenoid and picking active. The thermometer has
ranged from 68 to 94, averaging 81.
hrenham. Tea as. Picking is making good progress. Dry
weather has prevailed all the week. Average thermometer
82, highest 94, lowest 70.
Belton, Texas. The crop is a good on<", and with dry weaths
er picking is going on actively. The thermometer has averaged 79, the highest being 91 and the lowest 66.
Weatherford, 2'exas. There has been no rain all the week,
and picking makes good progress. The thermometer has
ranged from 59 to 90, averaging 75.
iVewj Orleans, Louistana.
It has rained on four days of
the week, the rainfall reachicg fifty-eight hundredths of an
inch. The thermometer has averaged 81.
Shreveport, iowwiana.— Rainfall for the week six hundredths of an inch. Average thermometer 76, highest 93,
—
19
10
9%
;
—
—We
CO
9Js
913
10
The above statement shows 1. That the total receipts from
Che plantations since September 1, 1888, are 90,771 bales;
in 1887 were 2i5,679 bales in 1886 were 129,061 bales.
2,
That, although the receipts at the outports the past week
svere 45,691 bales, the actual movement from plantations was
49,154 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 143,799 bales and for 1886 they were
73.030 bales.
—
CO
9%
9%
S.34
—
OM
OMfcoCfl
DOrM05i^if.wo;».o
>.•
10
10%®% 1012®%
—
f3
9\
10
10>s®58
— We
5
10
10
9'e
10
10
—
compared with 1885.
At the Intebiob Towns the movement that is the receipt^
for the week, and since Sept. 1, the shipments for the week>
and the stocks to-night, and the same items for the corres"
ponding period of 1887—-is set out in detail in the following
BE
9I2
91a
9=8
978
10%
1886.
The above figures indicate a decrease in the cotton in sight
to-night of 466,449 bales as compared with the same date of
1887, a decrease of 362,623 bales as compared with the corresponding date of 1886 and a decrease of 343,568 bales as
nt.
9\
Fri.
978
ReceiptB at the Ports. Si'k at Interior Tovms. Rec^pts from Plant'iu,
Aug. 10
week have been
—
9%
10
95s
EndiriQ—
1,000
S^ieo-
10
10
ON—
Thurs.
;
2,000
b^i.
Wednes.
Receipts from the Plantations.— The following table
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor
Southern consumption they are simply a statement of the
weekly movement from the plantations of that part of the crop
Arhich finally reaches the market through the outports
25,,'iia
9i3,oC.
.
9%
Louisville
6,000 bales.
etatem
9%
10
..
Norfolk
762,9041,229,353 1,025.527 1,105,472
this
10
10
9^8
...
Sept. 7
" 14
The imports into Continental ports
10
10
807,300
48,000
33,000
1,000
18«,654
25,518
2.000
223.000
146,000
89,000
213,986
38,674
2,167
6d.
lO'ieO.
10
Boston
loigaos
1.14
Baltimore ...
lOSg
PhUadelphia
Augusta
9%
Mempliis
959
9'8
St. Louis
Cincmnatl...
1018
213,000
130,000
63,000
192,752
40,518
3,883
New York
Tue».
270,300
300.600
46i,304
Total visible supply
Price Mid. Upl., Liverpool
Jfon.
9%
Mobile
Savannah
Satur.
Wilmington
133,000
76,000
48,000
186,137
14,714
4,453
127,000
14,000
96,600
54,000
9,000
. .
New Orleans.
Ame> tcan—
American
CLOSING QUOTATIONS FOR MIDDLING COTTON
Week ending
762,904 1,229,353 1,025,527 1,105,472
Total visible supply
Of tbe above, tbe totals of American and other descriptions are aa follow s:
Uverpool stock
Continental stocks
[Vol. XLVII,
lowest
64.
Sup T EMBER
THE
15. 1P8S.1
imONK^LF.
(
Oolumbut, Miasittippi.— It baa ralnrd on two daya of the
week, the rainfall reaohinft thirty-six hundredth* of an inch.
The thormnineter has averaged 71, tht; hishest being 80 and
.
lowest 08.
Lalarui. AtiiiitlxHppi.—thero has been no rain during the
weelt.
Tlie thermometer has averaged 76-6, raugiog from 64
to 88.
SrtenritlU. MUnisnippi.—lh^ weather has b^eu clear and
pleasant tlurine the weeic, with a rninfall of eight hundredths
of an inch, PiclcinK is progrefsii g pretty wtll. Aveiage
thernaomei«>r 73. higliest 85 and loweat tS8.
''"eleKr»m not received.
Clarkuflalt, lUijiiiixieippi.
Vicksbiirg, Atimisirippi.— Rain has fallen in one day of the
week to ttiH extent ot flfieen hundredths of so inch. The
weather has cl-ared up, the days and niith's are warm
everything favomtle fur the c<ttoncrop. Picking has commenced slowly. The tht-rmometer has averaged 76, the highest being 87 and the lowest 61.
lAttlt H'rk ArkajmiM.—'I'be past week has furnished excellent we»thpr for farms. The days have bnen wnrm and
dry, followed by cool nights and without rainfall. The thermometer h»s rangt^d from 63 to 89, avOfauing 73.
There has leen one light shower during
Helelin, ArUama*
the wet k, the ra'n'a'l re ching twenty t>ir.-e hiii drt dtbs of
an inch. P.cking is just bsginring. Average thermomtt^r,
74 highest, 84 ; lowtst, 63. Rain fell lightly on one day last
tlie
According to the foregoing, Bombay appear* to
no charge compared with last year in the week's r»
oeipts, but an in'^reaae in shipments of
1,000 bales, and
the shipments since Jan.
;
week.
—
The weather has been dry all the
opening rapidly, and picking is about gnnersl. Caterpillars and boll worms are reported, but no damage
has been flone. The crop is progressing well. The thermometer has sverajied 73, the hiehest being 88 and the lowest 63.
HanhoiUe, Tennessee. We have had rain onfivedajs of
the week, the rainfall reaching one inch and four hundredths.
The thermom-ter has averaged 71, ranging from 56 to 84.
We have bad showr-i on four days
Mobile, Alabama
of the week, the rainfall reiicliag six'y-eighthunrredbs of an
inch. There is an improvement in the weather, but otherwise crop repons are unfavorable, the previum damage being
generally confirmed. The thermometer his rangtd from 70
Memphis,
week.
2'enne«ffee,
Cotton
—
averagmg 76.
Montuomery, Alabama. — It has rained on four days
to 90,
of the
week, the rainfall re«ching for'y-seven hundredths of an
inch. Average thermometer 78, highest 90, lowest 68.
Auburn, Alabama.— Allcropa »re doing well, exo ptc"tton.
The thermometer ha<» averaged 75'7, rasgina: from 67 t j 86.
Madison, Florida. Telegram not received.
Oolumbiix, Beorgia. We have had no rain during the
week. Average therraoraeer 79, highest 87, lowest 69.
Savannah. Georgia. We have had rain on four days of
the week, the rainfall reaching two inches and forty-six
hundreHths. The thermometer has averaged 75, the highest
being 85 and the lowest 69.
Augusta, Georgia. Tne city has just emerged from a
serious oveifl^iw. It h^s rained continU'>u8ly on four days of
the week, the rainfall reaching three inches and seventy-one
hundredths. Accounts are gloomy. Crops in the lowlands are
a total loss, a-'d in uplands have suffered senously. The
product within a radiuh of one hunrtred miles of this point is
—
—
—
—
cut off fully twenty-five per cent from last season. The
railroads being washed up, little or no cotton is coming in.
The thermometer has average! 73, rangmg from 65 to 90.
AtlatUa. Georgia. Telegram not received.
Stateburg. Soulh Carolina.— Kiin has fallen on five doys
consfcutively, the rainfall reachmg on'* inch and ninety-' wo
Picking has been delayed by tn« continued
hundredths.
rains, and some nhedding is complained of. Ttie thermometer
has averazed 71*7, ranging from 6> to 81 '5.
Columbia. South Carolina,— We have had rain oii five
days of the week, the rainfall reaching two inches. Exces-
—
The therb7 to 79, averaging 73.
Wilson, North. Carolina, Ii has rained on four dijs of the
sive rains
and freshets have damaged the cop.
mometer has range 1 from
—
reaching two inches and eisrhtythree hundredths. Average thermometer 75. hignest 84. lowest 8.
Charleston, {i(juth Carolina. We have had rain on four
days of the week, the rainfall reoching one inch and thirtythree hundred hs. The thermoneter has averaged 77, the
bight Ht b ing 84 and the lowest 68.
The following statement we have also received by telegraph,
howing the height of the rivers ar. the points named at 3
week, the
ra'nf-iU
'
—
o'clock S-pt. 13, 18S8. and Sept. 15, 1887.
13. '88. Sept. 15, '87.
SepL
FMt.
Rew Orleans
Mempuls
Atmve low- water mark.
Above low-water mark.
WaabvjUe
....Almve low-wat«r murk.
Bhreveiiort ...........Above low-water mark.
Above low-water mark.
Tlokaburx
5
15
12
12
22
/neA.
5
Feet.
Inrh.
2
6
9
5
*l
1
3
5
3
9
3
Below zero of gauge.
India Cotton Movement from all Ports. The receipte
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to S ^pt. 13.
BO«RAT BKCBIPTH AWI> SlIIPMBimt FOB POUB TEABK.
*
—
Shipmt iita
iniM week.
Tear Oreat OoniiBriCn. tient.
1888
1887
1886
1885
2,000
4,000
1.000
4.000
Total.
SMpmenU
Orrat
Britain
Since Jan,
Continent.
1.
Keeeipis.
Sinee
Week.' Jan. I.
Th.it
Total.
PJO.OOO
4.000 v!ll,00o'609.000
3.000 3ti l.OOOllJIii.OOO
4,000 315,000l<!<.l.O0O
1.0..'r>.(KH)
218.000k63.000
681.0OU
97(j.00o
1
3,000 1,287.000
3,000 l.l.W.OOO
4.000 1.,192 ,000
2.000 988.000
show a decreate
SMpmentt
Shtpmentt for the veek.
Oreat
Oonlinent.
Britain,
Caleutta—
1888
1887
of 305,000 balea.
ntai.
ttnt*
January
1888
1887
^^n.
25,000
09,000
00,000
125,000
85,000
224,009
1.000
1,000
3,000
3,000
22.000
30,000
7,000
4,000
29,00a
43,000
2.000
4,000
2.000
4,000
40,000
60,000
26,000
28,000
75,000
88,000
3,000
3,000
7.000
96.000
198.000
93.000
167,000
189,000
355,000
AUotbers—
1888
1887
1,
ToM,
\o<»^tnmt.
Modraa—
aU—
Total
1888
1887
7,i'(,0
The above
;
I
week show that the movement from
is 4,000 bales less than the same
totals for the
Bombay
the ports otherthan
week laHt year. For the' whole of India, therefore, the total
shipments since January 1, 1888, and for the corresponding
periods of the
is
—
1
The movement at Calcutta, Madras and other India porta for
the last reported week and since the 1st of January, for two
years, lias been as follows.
"Other porta" cover Ceylon,
Tutioorin. Kurrachee and Coconada.
—
—
881
two previous
years, are as follows
BXPOBTS TO BUBOPB FBOM ALL DCnlA.
1888.
Bhipmenlt
toad Europe
from —
Tki*
week.
Bombay
Total
_
1887.
ThU
.Since
Jan.
Sinee
Jan.
week.
1.
1886.
Thtt
week.
1.
820.000
189.000
3.000 1,025.000
7,000 355,000
7.000 1,009,000
10,000 1,380,000
4.000
3.000
All other porta.
:
rnnee
Jan. 1.
4,000
6,000
976,000
197,000
10.000 1,173,000
Alexandria Receipts and Shipments.—Through arrange
ments we have made with Messrs. Da vies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following are the receipts and shipments for the past week and for
the corresponding week of the previovis two years.
Alexanrtria, Egypt,
1887-88.
Sep. 12
Receipts (cantars*)—
This week
Smce
1886-87.
ll.OOO
18,000
Sept. 1
T^U Sinee
week. S^t. 1.
1885-86.
9,000
14,000
3,000
4.000
IhU Sinee
week. Sept. 1.
THtM
week.
Sinee
Sept.1.
Exports (bales)—
1,000
2,000
2,000
1,000
2.000
2,000
l,0OO
2,000
3,000
4,000
To Continent
Total Europe
A cautar Is 98 ttoundii.
This statement shows that the receipts for the week ending
and the shipments to all Europe
Sent. 12 were 18,U00 cantars
1.000 bales.
—
Manchester Market. Our report received by cable to-night
from Manchester states ihai the market continues firm for both
yarns and sheetings. We give the prices for to-day below,
and leave those for previous weeks of this and last year
for comparison
1888.
8>4 Ibt.
8kirting$.
32* Cop.
Twitl.
d.
Aux.lO 7^8
17 7»g
•'
24 708 98>4
" 3li7\
Sept 77%
d.
d.
B.
d.
7 ®7
6>«36 11
a8>4
••
1887.
6>s<>ii)
8
-*7
11
Ok
Ootfn
Hid. 32» Cop.
Twitt.
Upld*
d.
»7 0»a
10 »7 2
6
«838
8
• 14'7T8
d.
5iii8'7>4
558
7'4
d>»ig 7>4
51l,8i7'4
5l3i«j7'4
d.
Ooten
8>4 Ibl.
Sllirtingt.
s.
a7i6,B5
«715,6l6
®7>6,a 5
•a>71B,e 5
®716i,, 5
d.
rt
8
B.
d.
Mid.
Uptd*
d.
ae lo
5>«
10
9
9
9
9
5»B
6»»
»6
7>«*6
7»«*6
7ia*6
l?^ a7i5iel5 b^<t6
51a
ANNUAL Cotton Crop Statement.— In our editorial columns will be found our annual crop statement, with the usual
facts an<i inlormaiion
with regard to consumption, &c.
The Agricultural Department's Report for September.
—Tne Agricultural Deparimeut's report on cotton for Septem1 is given below
The September report
ber
average couilitum
The
1
of the Department of AKTlcultiire makes tba
f lottim HS'H, » decline of S'a points slme last ro-
nreraRC Is sliKbtly biv'hor tbau lu 18S7 and 1886,
Itstooil at 82 8 aul ?:;'l resp. ctively.
The decline, while aliitiit, hiw been «eueral throaghoiit the belt, except
in North Carolina and Teiiue8.see, where more seaitouable weather has
rcoUltcil lu slightl.v liui>n)\eil luiulitiim. Loinl damage has rcsiilteil in
poit.
g. iienil
whi n
the Caroliiias Irom liolh druiiKht ami excess ot moisture. r»liirall diiriuK
Rust Is Keneral thruiighoul
the iiiimlh bi Iiik uuevenl. dlKtnlMiteil.
Uiorfria. ami, wii h drought ami sliediilu;; of bolls, h.-,« sertuu.tiy reduced
Alai.ama h..» Mift'cred from beat and drought, und lu soma
foiiilitioM.
sectiuua the luoutli closes with ai>i>ri'beii8lon8 ot damage from oxoesalve
ami eoutnuial raiurall.
.MlMsi-aippl and Louisiana Is the result of a marked ex'l°be ilecllue
ce»i ot molHtiire during the lust two weeks in August. A revere storm
which swept over tUe state on the l.'th and 20tli prostrated plant", and
ouitlnuuuo mini liave beaten our tb.' linlU and caused s mo rotting.
The crop in ^l^)ca< wns l«.'>!inuliig to suflTer for moisture, when rains of
tli'> latter part of the luimth caiue, Beaaonkble over the pn'alcr part of
the titate. lireaklnx the Ilin'utcued drought and arresting th.- deelinc In
condition whicd had r-et in. The Arkansas average has been lowered by
locally uiifiivorahlo setwuns. >>rought in some s ciions, aLdexoaaalTe
moist re. t^peeia ly toward the elu^e ot the mouth. In oi hers, eaostnc
the reduction. The montb was favorable In Tennessee; saaaoaagoo^
and but little oomplalat. The Htata averages of condition are
m
I
THE CHRONK^LE.
332
Per
Per
ctnt.
ClMf
86
84 Mlsel-slppi
Virginia
79
o* Loiiisiaua
Ifortli Carolina
78
Texas
83
Soutb Carolina
^7
85 Arkansas
Georgia
95
gO Tennessee
Florida
87
Alabama
Tlie crop la, generally, somewliat late and picking delayed by unfavboll worms are I'rcquently mentioned'
and
Caterpillars
orable weather
found
and doing damasie wheie not vigorously fought. The tirst are
and Louisiana, while the latter are
Alabama
Georgia,
in
most frequoLtly
noted chiefly in Texas.
^.
,
^
^
^
It will of course be understood that this report relates to the status on
the flist day ot the mouth.
That the reader may have for comparison the condition, according to the Agricultural Department, for September 1 of
previous yews, we give the following, collated from its
reports
.
,
00
00
00
States.
90
Alabama
87
86
79
78
87
95
Mississippi
XiOulsiana .
.
Texas
Arkansas
...
Tennessee
..
Average
.
in
00
00
H
f4
83
8o
So. Carolina
Bo. CaroUna.
Georgia
Florida
CD
CO
00
00
(M
i
CO
H
CO
00
81
86
88
84
88
81
91
83
80
82
81
76
93
95
SO
88
89
90
82
S3
87
70
70
93
84 76
83 7S
84 77
72 67
83 80
90 89
82
87
82
77
83
IS
83 8 82-8
90
87
86
88
89
83
90
89
89
101
lOO
sv
w
H
to
00
!>
00
t>
oo
73
CO
l-(
86 92-3
90
92 "is
92
74
o
00
72 100 83 8(! 88 93
68 93 »1 80 86 91
77 90
71 95 82 81
87 91 85 91 94 83
80 86 84 92 91 83
8S 87
74 8S 89 89
76 88 87 85 92 90
70 62
65 97 66 101
55 95 99 98 99 97
62 ao 107 91 100 119
78 "ii
9S
82
i-6
H
rH
89
89
81
84
00
00
00
CO
Taking the above fiKures for September, and adding them
to those for the prt viouB months, we have the following comparison between this year and last year
XLVII.
[Vol.
Comparative
Receipts and Daily Crop Movement.
—^A comparison ofPort
the port movement by weeks not accurate,
is
as the weeks in different years do not end on the same day of
the month.
have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relativ e
movement for the years named.
The movement since
September 1, 1887, and in previous years, has been as follows:
We
Tear Beginning September
Uonthly
Receipts.
1887.
1886,
1885,
1884.
1.
1882.
1883.
Sept'mb'r 654,776
359,203 385,642 345,445 343,812 326,656
October.. 1,213,404 1,034,450 1,055,524 1,090,385 1,046,092
080,584
November 1,178,436 1,179,979 1,083,552 1,122,164 1,030,380 1,094,687
Decemb'r 963,584 1,174,886 1,069,9201, 104,211 1,039,653 1,112,536
January
February
March...
April
May
June
July
August...
Corrct'ns
527,570
341,274
225,042
128,721
131,498
72,438
56,009
82,SG4
27,516
644,681
404,272
258,332
89,186
47,426
17,648
14,884
61,210
31,407
543,393
414,656
283,645
202,366
133,
H7
84,715
45,<i47
59,23.'i
31,444
752,827
595,598
482,772
284,51»
155,523
78,504
42,299
58,38a
24,837
487,729
385,938
241,514
111,753
45,918
31 682
19,504
15,966
30,632
475,757
261,449
163,503
103,375
35,575
11,S55
10,194
39,099
13,187
Total
5,602,032 5,320,624 5,396,686 4,776,199 4,850,575 6,019,73S
Pero'tage of tot. port
99-35
99-37
93-59
99-36
99-72
receipts Aug. 31..
00-41
00-65
00-64
00-28
Corrections
0063
100-00
103-00
10000
10000
Total port receipts.. 100-CO
1
:
This statement shows that up to Aug, 31 the receipts at th&
ports this year were 283,008 bales more than in 1886-7 and
The205,946 bales more than at the same time in 1885-6.
receipts since September 1, 1888, and Jor the corresponding
period of the five previous years have been as follows :
1887.
1888.
Stales.
.S.
5"
s
;3
3
-^
>=s
Mieslseippi
86
HH
92
94
92
90
Louisiana
88
H. Carolina
B. Carolina.
Georgia.
Florida
Alabama
..
..
^
8rt
90
90
92
Texas
KO
Arkatsas..
Tennessee
1^4
92
88
Average
84-3
85-2
89-3
84
^3
85
90
87
86
79
90
•-9
99
98
99
98
915
99
PO-3
90-0
87-0
78-3
90
93
93
78
87
95
86-7
87-3
83-8
^1
;{
•^
to
82
84
90
92
90
92
S5
92
91
76
90
.
§
S
99
97
91
910
92-5
86-4
9S
97
99
97
96
98
98
99
98
93
99
98
<(
00
96
95
94
96
93
96
94
87
97
95
89
89
84
HH
95-3
81
92-7
94-5
93-7
87-0
94 3
93-3
t2
96-9 97-0
93-3
950
84
86
77
83
78
920
t
92-0
The Exports of Cotton from New York this week show
increase compared with last week, the total reaching
18,643 bales, against 13,356 bales last week. Below we give
our usual tuble, showing the exports of cotton from New
York, and the direction, for each of the last four weeks: also
the total exports and direction since Sept, 1, 1888, and in the
last column the total for the eame period of the previous
year.
BlFOBTSOF COTTON (BALES) FBOH NEWlOBK SINCE SEPT. 1,1888
an
Week eiidinaExported to—
Liverpool
Ang.
Aug,
21.
31.
5,977
.---
Sept.
7.
Sept. 1
250
I
5,977
Havre
Sept.
14.
9,450 10,674 15,584
Oiher BrltiBh ports
Total to Gt, Britain
Same
Total
lince
9,450 10,674 15,834
417
26,508
31,811
1913
100
45
612
4981
45|
513
498
1,415
1,913
100
973
688
200
748
198!
1,172]
4r2
610
2,118
1,990
1,287
Bremen......
Hamburg
1,284
ports.,
2,257|
Bp'n,Op'to,Glbr'lt'r,&e.
All other.......
500
Total
50O
4c
325
"524
548
193
648
2,6C0
724
1,394
1,647
!
Total to No. Eubofe.
N«W VOKK.
(Since
TM.
I4>«e>(.
Sept.l.
week.
n. Orlosaa..
a.i'.a
6.183
3.366
10,400
Bavannah..
Mobile
7,809
11,294
Mo.CaroUna
yirirlnla....
Boston.
Thit
Texaa
VIorlda
6o. Carolina
S64
364
1,096
1,096
532
1,460
1,460
1,839
1,775
philadelph'a
Sinet
Sept.
1.
Thi$
week.
baltiuobi.
Since
T/l(>
Since
Sejjt.l.
Mee*.
Sept, 1.
1.775
50
MOt
B.i34
eso
«1
630
S.
" 3....
" 4....
" 5....
" 6...
" 7....
" 8....
"
7,660
5,806
6,509
6,325
8,265
5,414
9....
8.
13,828
13,195
13,392
14,543
19,640
16,629
8.
"10...
12,588
7,498
5,747
6,285
8,159
"11....
"12...
"13....
"14....
S,
84,855
Total ....
Percentaj e of total
portrec' pt8Scpt.l4
8.
6,983
6,343
7,336
5,675
9,155
10,101
6,314
6,675
4,910
5,370
6,2C5
S.
10,390
8,634
8,660
7,356
11,835
10,959
22,181
23,207
18,159
11.933
14865
16,633
181,132
91,243
103,411
03-23
8.
01-71
2,914
2,546
2,052
2,549
5,040
2,704
8.
01-92
2,765^
8.
7,215
3.996
6,16»
4,96»
8,194
6.
8,143
8,206
5,646
8,396
6,214
10,458
8,579
8,
13,920
9.486
8,03»
9,47»
15,2Sa
S.
97,Go6
66,304
0201
1-1-39
This statement shows that the receipts since Sept. 1 up to
to-night are now 96,377 bales less than they were to the same
day of the month in 1887 and 6,3s8 bales less than they
add to the
were to the same day of the month in 1886.
table the percentages of total port receipts which had been
received to Sept, 14 in each of the years named.
We
JciE BCTTS, B AGGlKG, &c.— Otiy a ircdeiate Irade is beirg:
done in bagging, uyi rs tf.kirj lots for fretfnt wants, Piictsare nominal end l]i£@l?Vc. aie ihe rtking figures. Some
inquii-y is reported lo» juie tutts, si d tales are btii g made of
fair-sized parcels at 1 ^8@l-80c. for psper grades and 2@ilic^
for bagging qua ilies.
—
Shippikg News. The exports of cotton from the Unkea
States the past week, as per latest mail returns, nave reached
26,85'2 bales. So far as the Southern ports are concerned, these
are the same exports rer>ort<id bv telegraph and published in
the Chronicle last Friday. With regard to New York w©
include the manifests of all vessels cleared up to Thursday.
New Yokk—To Liverporl,
per steamerB Alaska, 2,769
—
Total bales.
Both-
500
nia, 2,240... City of Chicago, 2,655. .. Fuincesia,
lf,S81
Germanic, 2,41,'>... Ser>ia, V,237... Spain, 2,708
260
Hull, per steamer Santiago, 250
1,415
Havre, per suaner La Gascogne, 1,415
54S
AVeira, 500
Bremen, per steanuTS Aller, 4i<
188
Hamburg, per eteaiiier Eugia, 198
Antwerji, per steamers Ehynlaud (additional), 48
618
Westei-nland, too
New OI1LFAN8—To Liverpool, per steamers Andean, 1,566....
2,817
Architect, lOH... liiplorer, 1,143
4,00&
To Havre, per steamer Texan, 4,005
Sitmaria,
Boston— To Liverpool, per steamers Koman, 1,100
1,357
267
To Yarmouth, per steamer Yarmouth, 30
30
Total
.... 26,S52
To
To
To
To
To
The
46S
77
Teon..*c....
particulars of these shipments, arranged in our usual
455
77
VorelRn
Tlilifear.
1883.
1884.
1885.
form, are as follows
7l>
North'n p'tt
I*«t
2....
t.78
Grand TOTAL
8,779 12,622 13,356)18.643 31,999 35,740
The Following are the Gross Receipts of Cotton at
New York, Boston, Philadelphia and Baltimore for the past
week, and since Septtmber 1, 1888.
ButivU
from—
"
2,792
3,281
5,690
7,089
8,840
9,679
10,739
4,609
Sept, 1...
I
Total Fkench....
Spain,
previ'ui
year.
250
Other French ports....
Other
period
26,258, 31,394
1,415
1886.
1887.
1888.
i'4-8
19,898
S\939
8,307
23C
T«nr..' no.lHS
47,782
4,887
5,750
..
1.710
1.710
1,807
l.SO
New York..
Liverpool.
15," 84
N. Orleans.
2,817
Boston
l,i>57
Total
..
..
19,758
nam-
Ant-
Hull. Eaure. Bremen, burg,
250 1,415
518
193
irerp.
Tarmouth.
CIS
4,005
30
250 5,420
518
198
018
Total.
18,645
6,823
1,387
30 20,853
September
THE CHRONICLE.
18, 1888.1
BREADSTUFF S.
Below we add the clearances this week of vessels carrying
•ootton from United States ports, bringing our data down to
the latest datca :
Bo«TON— For Mvprpool— Scjit.
KtoniiiiT (Vplm'diiln,
—
7—
Hcpt.
4-8tei>.mer Bostoolitn, 1.397
.. Hei>t. 10— atrniimr Xorsemiiu,
-.
.
For 8t. Jdliii. N. It. - .Sept. 8— Stoiiiuor Ciimborliinil. n-l.
For YBriiioulh, N. H.-Sopt. II— Stianior Yiirmoiitli. 4 '.
rHli.inEi.riiiA— For MvcrpfMil Sopt. 8-8toaiuer Lord CUvo, 500....
Sept. 1 1- Btcumor liritlxli I'rluco,
.
Cotton freights the post week have been as follows
Hon.
Balur.
:
FMtiM. TAwrt.
Tu«$.
TjjWH
'sjWH
.••
• >>>
....
....
-.--
....
Havre, steam. ...«.
H
\
H
\
'^
•*
>>>>
••
%
.•
....
..e.
^
ii»H
>ia=8
«sa»8
Jjdiog
e.
-*
«•
•>•
e.
%
%
»e
8aU...c.
**•
....
•.
Amst'd'm, steam. e.
50*
50*
50*
->•
....
•
l»M
-•
"«4
1»„
Do
gull
e.
Srenien, steam
Do
sjill
Hamburg, steam
Do
Do
via Lelth.e'.
Beval, 8teum....<{.
Do
sail
73,*^
"4
d.
Baroelona.steam rf.
steam., .d.
Trleele, steam.. .d.
•
"m
4
For 100
73a«'4
fiW
=1
%
%
50«
•
>
50*
....
....
X5„
1564
1»M
•
%
»3»
».19
5,(339
•na
»311
H
H
>4
"4
'4
"32
•sa
"32
»32
»33
lbs.
—
By cable from Liverpool we have the following statement of the week's sales, stocks, <S;c. at that portWe add previous weeks for comparison.
liiVERPOOi,.
Aug. 21.
'Sales of the
Aug. 31.
week
bales
Of wliicli exporters took....
Of which j^puciUiUors took...
6ales Amerli'MQ
Actual export
Forwurileu
Total Htook— Estimated
Of ivlikli Aiiierlc'an— Estlm'd
Total Import of the week
Of wlileh American
Amount
alloat
Sept. 7.
55,000
3,000
3,000
40,000
7,000
3,000
384,000
237,000
17,000
7,000
35,000
,
Of which American
104,000
G.OOO
4,000
76,000
8,000
4,000
316,000
170.000
21,000
12,000
40,000
15,000
15,000;
S pi.
14.
6-4,000
6,000
0,000
4.^,000
7,000
4,000
260,000
133,000
13,000
10,000
53,000
30,000
The tone of the Liverpool market for spots and futures each
day of the week ending Sep'. 14 and the daily closing prices
of spot cotton, have been as follows
Saturday Monday. Ttietday.
Spot.
Market, I
12:30 p.M.^
Good
Good
demand.
bDEinesf.
Mld.Upl'ds.
9 'a
Hid. Orl'us.
«alei
12,000
iSpeo. & exp.
1,500
Future*.
Steady
Market,
12:30 P.M.
Market,
4 p. H.
Fair
business
doing.
Harden'g.
515,8
5l5i6
516,8
515ig
5I5,«
14.000
10,000
1.000
12,000
1.000
L',000
a:
(ft 2-64
lidTance.
l.«4
i
:
Wednet. Thurtd'y.
Qnlet at
Firm at
l-U dec.
1-61 adv.
Qnlet.
Easy.
Finn.
Strong.
Fully
maint'ned
Friday.
6
6
8,000
1,000
Firm
Steady at
at an
adrance. l.«4ad7.
Easy.
Steady.
The opening, highest, lowest and closing prices of futures at
Ifiverpool for each day of the week are given below. These
on the
basis of Uplands,
Low Middling
clause, unless
otherwise stated.
ty The
prieet are given in penee
01 meant 1-640.
2 63 64d., and
Bat., Sept.S.
d.
a.
d.
and 6ith$
carried above the parity of export values iiad a depressing
and there was heavy selling to realize. The mar-
ket has latterly been feverish and unsettled, and to-day was
and weak, except that rpring wheat maintained its exceptional advance, No. 2 Chicago selling at 9So. afloat.
dull
DAILY CLOSUta FBICBS OF NO. 2 RED WINTEa WHEAT.
Op«n High Low.
Clot.
d.
d.
d.
d.
S 63 meant
(AtM.-
d.
Taea., Sept, 11.
Open High LOW.
d.
d.
d.
Clot
<L
September. 8 52 5 63 5 52
8 62
888 5 80 8 88 8!6
6 5t
5
6 54
6 55
5tS 8 £8 B:i8
Oet.-Nov... 3 27 8 27 587
NoT.-Deo... 6 24 S24 8 24
Dec-Jan . 5 S3 823 523
Jan.- Feb. .. S23 523 8 23
Feb.-March .^^3 8 8S 8 23
War.-.Vpril
5 24 S2S 5 24
April-May.. 5 28 62« &2tl
83»
6 40
5 29
5 25
6 23
6 2J
8 24
28
6 27
6 38
6 20
6 23
688 539
5 38
5 27
5
522
e«pt.-0(3t...
.
8 27
6 24
8 23
6 23
9 23
5 So
IS
S26
8 40
8 40
6 40
629 629 5 29
6 25
5 25
5 25
6 23 624
824 6 23 8 24
8 S3 624 8 25
6 2« 5 25 626
6:14
8 27
8 27
6 27
W»dnes.,Hept.l3. Than., Sept. 13.
2-J
55
am
6 23
5i.()
5 23
5 21
5 23
523
8S2 5 23 521
5 23
8«
533
5 22
5 23
6 25
6 24
6 33
6 23
5 23
6 25
0.
c.l 00»s
o 1 02
o.l O319
November ilelhcry
December ilnllvery
January delivery
May, "89 deUvery
FrI., Sept. 14.
Open Bigh
d.
d.
r^.
<i.
September. B5S 860 8
.-.,1
d.
5 6u
5S1I
8ept.-Oot .. B3U 5 39 fi>:i
Oct.-NoT... S27 6 27 5 2« 5 :a
Sot. -Deo... B as 1523 B-u]a •J2
Dec-Jan
842 5 82 .Mil 5 21
Jan.-Feb. .. 6 22 5 22 sat 6 21
Feb.- March 5 !« 5 22 6 -'I 822
Mar.-Apiil. S28 8S3 8:^2 8 23
AprU-.May.. 6 25 biS
8 24
.
iU
1
!
0P<«
d.
6 61
8 40
6 27
B2S
Sil
8 22
582
6 23
525
ir<«it
d.
Low.
Clot.
d.
d.
8(9
5 41 689 83»
827 6!6 58«
623 6!ft 6 23
S22 9 21 6 21
S22 5 21 esi
628 Hi 6 8i
8 23 6 23 823
625 5 21 5 25
6 61
5 69
Open Biah Lov.
d.
d.
d.
5 69
5 39
5 50
5 59
Clot.
(U
Tiiet.
9Tg
Wed.
OH
lot's
OS's
9.t^
98%
100
1
100^
1 02^^
04's
07»8
1
1
101%
1 07'*
105>4
Dcct-mber delivery
51%
60%
53^j
5138
.VJ%
October delivery
November deUvery
c.
.''0%
c.
31%
December delivery
c.
32
Rye
is
scarce
3014
1
00>4
104^
/W.
53 14
5278
52!^
r2'8
30 73
31%
and wanted.
30>«
3038
3018
30%
31
30-,,
31»9
31''8
Barley
still
Frt.
30 1«
S0>8
30=8
31>a
31%
and
unsettled
nominal.
The following are the closing quotations:
FLOUB
Pine
» bW. $2 509$3 05 Boatli'n oom. extras.. $3 503 3 85
280*330 Boutbem bakers' and
Superfine
family brands
4 003 4 85
Spring wheat extraa. 3 '25a 3 60
00« 5 20 Rye flour, aopertlne.. 3 309 3 GO
4
clear
and
8
tra't.
Minn,
Fine
2 353 2 50
Winter alilpp'K extras. 3 30» 3 1)5
Winter XX and XXX. 3 75^,5 00 Oom meal
Boathem supers
4 83» 5 03
2 753 3 45
Waeat—
0.
Western, Jto.... .... 3 153 3 30
Brandywlua.. ...... 3 3U9 ....
OBAni.
Spring, per bush...
Bprlnit No. 2.......
Red winter No. 2...
Bodwlnter
Oom— West'n mixed.
West'n m Ixed No. 2.
Steamer wo. 2
Western yellow
Southern white
SS
VO
9"^
86
80
Rye—
54
.54 19
54>4
58
63
.54
58
2(i
White...
No, 2 mixed
No. 2 white
3102
3
60
Oata-Mlxed
08
99
31 02
.51
0.
M-est.i state, Shu.
tlOli
3
9
e.
3 65
33
3 45
'<t
29
30143
31
3Si'^9
39
BarleyCanada No. 1
Two-rowed State
•3.
3
«
Six-rowed State
,
.
The movement of breadstuSs to market is indicated in tha
by us from the figures of the New
York Produce Kichange. We first give the receipts at WestLikee and river ports, arranged so as to preseni the com-
itatenient below, prepared
m
pataHve movement for tho week ending Sept.
since August 1, for each of the last three yeaxt:
Reeeiptj
ot-
Ohlcago
UUwaukee...
Dalath
nouf.
2,318
5.831
6,701
32,087
3.025
120,660
609.960
610.870
4SS,259
111.000
740.203
96.5U0
31.085
Minneapolis.
Detroit
Olayeland...
Louie
Wheat.
Com.
BM9.196(i>s Bwsh.eo U)r Bu<h.50I5>
87.081
683,953
1,738.085
121.086
30.H89
34.330
OaU.
180.457
43,000
.147,685
S19.375
99,000
823
5
2:1
Jama trie's?.
8,568.654
8 21
833
)am«<fll.'tjO.
217.317
186,517
8.809.370
8.318.533
3.363,863
8330.533
1,866,143
621
bit 532
6 3.) 523
6 24 625 631
6 33
{Inc4 Jluv.
1.330.968
1,904,865
i.iii.osa
30.437,338
13.809.099
11.830.178
13,115.888
10.377.763
13,213.111
32.502.337
l«.0i)1.0«
tl.»30.3Ul
'
Byr.
124.905
33,260
......
S.62 1.089
1885-6'
and
......
188,070
171,781
69.398
631.870
83,060
13,213
7.280
174.971
1886-7"
Barley.
1,528,809
Tot.wlt. "88.
18H7-8
8, ItiSd,
Bmit.asw> Bu«k.48Uu BU.66U*
Peoria
822
633
635
99
00>4
DAILY CLOSINO PRICES OF NO. 2 MIXED OATS.
Sat.
Mon.
Tuet.
Wed. TImrt.
30 14
September delivery .-..c. 31%
30%
SOU
30^
540
537
5 38
1
50%
6 26
5:9
97>«
£0%
523a
50 14
5UH
48^
Oats were unsettled throughout the week. The moat important feature was the decline in the better grides of mixed,
as tbey became more plenty, narrowing the range of values,
which, however, is still wide for Winter grade.^. Today the
market was dull and weak.
c.
o.
January delivery
St.
640
687
623
623
07%
101^3
lOl^d
105%
5 59
626
622
621
621
623
623
fH.
97"8
97Ji
09
00\ IOII9
101
Thnn.
DAILY CLOSraO PKICES OF NO. 2 MIXED OOBN.
Sat.
Mon. Tuet.
Wed. Thun.
September delivery
54 \
o- 55 19
f5
54%
54'3
cHJiotier delivery
0. 5.5 %
54 Sa
54 14
54%
54»s
54S8
November delivery
e. 55 >t)
54 '«
64 »8
f.4%
Toledo
Clot.'
90'a
Indian corn has been drooping. The export demand has
been held in check by the scarcity and high rates of ocean
freights, but the principal element of weakness is the fact
that the new crop has passed its crisis and a full yield miy be
regarded as aseured. To-day the market further declined,
but spots were more active at the reduction.
524
625
1
iron.
99^
Sat.
September delivery
Octolif-r delivery
White
Olon., Sept. 10.
Open Bifh Low. Ctoi
.
The wheat msrket declined shsrply on Tuesday, under tho
discrediting of the report that frost had injured the springsown crop in the Northwest. The faot that prices bad been
Patents
\
prices are
INt.
Sept. 14,
lar^, but in view of cheaper wheat they were Inclined to
concessions, and only when these were made would
they purchase to any considerable extent.
To-day tho
market was dull and weak.
Quieter.
6
6
10,000
1,000
M„
demand
50*
ClB^SS
5l8®%
P.
flour market, Bince the cessation of heavy rains early la
the week, has been fairly active. The wanti of buyers were
influence also,
....
Bl»»38
»33
AntR-erp, steam d. "32 3 'is
•
•
5l«®38
's
<3eiioa,
'3a«'4
FUOAT,
The
JH.
Liverpool, Bteam d.
Do
saU...d.
3331
618,760
3.171.B81
l,887,l;0
;
8,691
8,820
46,800
6,400
888,863
745,661
816.075
81»
30JW3
35,830
316,471
8OLS06
67^880
1.
luelode one week extra.
JM
687
3.364,460
2.773.060
788^409
soi^asi
eeo/oa
THE CHRONICLE.
834
several seaboard ports for the week
shown In the annexed statement:
The exports from the
en'^inR
S^t
txport*
—
ffvtn
Few York
Boaton. ..
Portland.
HoDtreal.
8, 1888.
are
WhtaL
Com.
Buth.
344,352
79,762
Bwih.
328,016
87,191
158',907
92,009
C.dOO
431,021
262,772
8,637
156,469
Ftalladel
Baltlm'ie
B.Orl'na.
N. New*
Oats.
Ilour.
Buth.
3,135
BbU.
69.812
34,331
Byt.
Peat.
ButK.
Bush.
1887.
..
1,071,531
THE DRY GOODS TRADE.
266,926
S,135
68,750
138,037
246,848
4,195
18.197
•Oawego
Bt.
LoulB
Do
14.579
20.000
644.804
108.100
61,000
120,885
afloat
40,000
150,600
61,418
382.940
430,847
107.753
368.276
196.261
Ohicmnatl
BoBton
Itoronto
Montreal
Fblladelphla
Peoria...
IndlanapoUa
Kansas aty
Baltimore
Minneapolis
8t. Paul.
On Mississippi....
On Lakes
On canal 4 river.
47.3n3
80.710
50.818
9.919
55,285
54,485
1,206,291
3,139,693
45.000
20.000
293.200
1,294,563 2.502,916
830,000
2,536,000
Nkw
York, Friday
P. M., Sept. 14, 1888.
The jobbing trade was of very fair proportions the past
week, though there was a reaction from the extreme activity
596
120,ft22
ment
66^48
45,742
10,297
106,148
671,722
2,422.959
1,067.312
12.000
3,824,664
Detroit
Ohio, 95; Illinois, 92: Indiana. 93: Minnesota. 80; Iowa, 73; Dakota,
90. Barley has declined slightly, while buckwheat shows small improve-
2,608
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
portB, and in transit by water, Sept. 8, 1888
Barley,
Sye,
OaU,
Wheat,
Com,
6mA.
buth.
biuh.
buth.
buth.
Intloreat—
649
5,426
852.<a2 1.048,872
4.166.115
Hew Yorlt
1,0
12.600
191,000
404.700
Do aHoat
1-1.500
21,000
39,300
Albany
19,542
23.372
362. Mrt
3.441.742
Bnllalo
40,14^
8,861,692 2,565.192 678,129 152,419
Chloaso
18.(iB9
15.602
75,037
3,779
527.387
Milwaukee
1,310
160.922
729.477
Dnluth
Toledo
XLVU.
Potat«e,s have fallen off less than 2 points during the month, and condition Is generally high in all sections. Last year there was a decline of
17 points line ing the iuonth. the September average being 67'3.
Tobacco shows slight improvement, mainly in the cigar leaf States,
Blobm'd
Tot w'k. 1,272,814
B^etlme
rVOL.
215,448
182,540
2.000
976,988
36,2r>8
22,000
60,036
3,730
15.596
203.749
245.318
61,719
130,101
13,000
1,992
15,940
800
20.5-9
1.127
and was somewhat disappointing. Wholeon the spot continued to pursue a cautious band-
realize expectations,
sale buyers
to-mcuth policy in their operations, and the order demand
(through salesmen on the road, and direct by mail and wire,)
was smaller than anticipated. Accounts in regard to the
distributing trade of the Northwest were quite satisfactory,
and indicative of rather more than an average business in fall
goods; but less favorable reports were received from a good
many points in the South and Southwest, where trade is still
backward. But crop advices from most parts of this country
continue favorable, and good prices for cereals are so fully
assured by the short supply in Europe that merchants look for
a large consumptii e demand for dry goods in the near future,
and no uneasiness is felt at the present lull in business.
DoHES-no Cotton Goods.—The exports of cotton goods
from this port for the week ending Sept. 11 were 3,.'536 packages, valued at |205,586.
These shipments include 1,604 to
South America; 851 to China: 259 to the West Indies; 250 to
Aden; 221 to Central America; 127 to England; 107 to Mexico;
and 117 to all other countries. Since the 1st of January the
22.5iO
476
2,150
7.300
440,928
62,900
Tot Sept. 8, '88.50.437,690 9.089,207 4,424.748
Tot Sept 1, '88. 29,269.673 8,496,417 3.572,972
Tot Si-iit 10.'87. 31,210,^90 7,lli6.<i89 4,387,518
Tot Sept 11,'86. 44.872.030 13.63.1.865 4,627.637
Tot Sept. 12,'85t. 42,248,202 7,153,963 8,720,866
1.614
15,000
5,952
noticed a short time ago, many out-of-town retailers having
completed their early purchases and returned home to attend
to their distribution. The demand at first hands failed to
16,000
281,801 514,i'54
570.843 1.027.4»i6
exports aggregate 106,165 packages, valued at $6,409,434.
Of
this total China has had 38,706 packages, valued at $1,917,819,
and 25,229 packages, valued at $1,611,3'22, have gone to South
840,232
America.
378,003
JOO.SO.-.
247,.")73
81,450
198,864
were
For the same period of 1887 the exports to
all
ports
which 78,443
t
packages, valued at $3,486,637, went to China, and 27,932
According to Beerbohm's London cablegram, the amount of piickageo, valued at $1,999,258, to South America. To the corwheat and corn on passage at the dates mentioned Atuod as responding time in 1886 the total shipments reached 155,533
follows:
packages and in 1885 were 135,910 packages. Wholesale buy*
Last week's stocks. This week's not received,
Minneapolis and St. Paul not included.
Wttk ending
Sept. 11.
Week ending
Sept. 4.
0rain on Pattage.
Com.
Wheat.
To United Kingdcra
To Continent
qrg.
Total quarters
Xqnal inbui^bcls
Bameweekiii 1887. .bush.
2,136,000
737,000
241,000
71,000
2.873,000 312.000
22,984,000 2.49H.000
17,000,000 2.400.000
Com.
Wheat.
1,954,000
628,000
303,000
44,000
347,000
20.650.000 2.776.000
17,760,000 2,728,000
2.582.000:
The exports of wheat from India for the week, year and
season are as below:
Week end'g Week end'g
Kxporto 0/ Wheat from India
To United Kingdom
To Continent
Total
Sept. 8.
Sept.
1.
•Tan. I to
Sept. 8.
bush.
bush.
300.000
120,000
280,000
260,000
11.880,000
9,860,000
bush.
480.000
540,000
21,740,000
Agricdltubai. Dkpabtment Report.— The Agricultur.al
Department's report on the cereal crops was issued on September 10, and is given below.
The report of the Department
of Agriculture for September 1 makes
Ui6 aver8f:e condilion of com 94-2 wheat 77-3 , oats, 872 rvc. 9v;-8
barley. 86-9; lm> kwh<at !»3-7: potatoc.'). 91-6, and tol)aoco,"87. The
returns show but very sllKht falling off from the exceptionally liigh
August report of mai«e, the geuiraV average Laving deilined Imt one
point during the month The loss is almost entirely in one State
Kansas,
where drouth and hot ilry winds caused a decline of eleven points since
^'•''' «verngo of condition has been exceeded but once
JSfJi, r.'ill\,
."f
"'° *"*'"™' "'1885, when it stood at 95, and the largest
?r^n"Jii''S.'^'""
In the seven corn surplus States
tlJ^I^.^^ ''^7 ^'^"aW '^'"^ l'"rvested.
°^- »*•'"""'' «* "» »"< same date In 1887.
Jnfe »vi3„.'''„r,?'^'""=.
'f
"'''= Ohio, 99; Indiana, 99: Illinois,
"' "^,?.^
98
w^^QQ^^Jf
^i*'"^"
-^
'^""^as,
and Nebraska, 97. In other States
l^i^i^^
J^T"."''' ' it '.is: New 80,
of large iroductlon
York, 92: rennsvlvanla 98- Virc-lnia
'
92: Texas, 96 Tennessee, 93, and Kentucky rSS
^
'
"' «»"•',"§„"•''• winter wheat when harvested
77'a''l^Rf;.i'."Ko','i"!'
•^';"'' ?"' *"** '" 1*^86I" 1SS5 It was 72. and
S^BB*
fi ^^Jr'
in 1884, {i2^
The
winter wheat .states show a slight Improvement
98. T
over
the laat report of condition (Julv),l,ut there has
boeira
s decline
to Oie sprTngvyheat region of tfio Northwest.
Chinch lugs were again
B serious evil In portions of Wisconsin and Minnesota,
whlli- uiiseafou"
'i«"e»t materially loweredcondi io
n ?hes«
B?i?.r'l?H
Sutea
and In '^•L,""*'portions of Iowa. Frost between the Itith
and 18th of
the month did some damage in the Red and Jiiu
River
valleys
The
averag.. of the principal Slates are: Wli,ter
wheat-New Yo?k 86*
•
;
;
;
;
WM
So.
Y
?«" llfiCi^Ju -i,n'""r"-*r'.?"' Kentucky. 00; Ohio (iO; mchigll;
oL'Jji o?"' u* • """<!'«• V2; Missouri, 75 Kansas, 90 Cal fornla 85
firbK8ofCk§t.i:78'^'-'"^™"*"'' '«' «"»'e«o"'; 70; iri?i;
geporal average of oats at time of harvest wap
4 points lower
i.'ES*
;
;
'?' "'"'".n; '", ""'y""'' ><«r since issi li2a thS 8°pteinb?r
HJS?,*"*niijdc
report
condilion le«9 than 90-18S7, whe.i it
The
decline this ycarw.'is mainly in the spring wheat region was 83-4
of the northwe,"
nd on account of nist and unfavoraAe meteorolorical
TOuddlona
me ot harvoat State averages are : New York, 93 ; I'musylvanS, ' at
141,324 packages, valued at $8,389,682, of
ers of staple cotton goods continued to pursue a cautious
hand-to-mouth policy and their purchases were light in the
aggregate, but a fairly good business in plain and colored
cottons was done hy leading jobbers. Brown sheetings specially adapted for conversion purposes continued in good demand, and many makes are largely under the control of
orders. Bleached goods, wide sheeting-i, corset jeans and
colored cottons were in steady, but moderate request, and
there was a well sustained movement in cotton flannels.
Prices were nominally unchanged, but it is a buyers' market
for some kinds of brown and colored cottons, corset jeans,
&c. Print cloths were in irregular demand on the basis of
of 8J^@3 1516c. for 64x64 "spots" and 3 716@3>^c. for 56x
608, toe market closing easy at these figures.
Stocks last
Saturday and for the three previous years were as follows:
1888.
1887.
1886,
1885.
Slock of Print Clolhi—
Sept. 8. Sept. 10.
Sept. 11. Sept. 12.
Held by Providence manuf'rers. 7.000 159,0(0 100,000 376,000
Fall River inauufactiircrs
2.000
89,000
55,000 247,000
Providence specidators
None.
62,000
88,000 285,000
Outside speculators (est)
None.
85,000
25,000 150,000
Total stock (pieces)
9,000 395,000 .268,000 1,053,000
Prints and printed cotton dress goods were fairly active in
jobbing circles, as were ginghams and woven wash drees
fitbiics, but the demand at first bands was barely up to
expectations, though some pretty good orders for a few specialties were placed for next spring by large buyers.
Domestic Woolen Goods.— The demand for men's-wear
woolens at first hands was spasmodic and irregular, and buyers continued cautious in their operations; but a fair business
in desirable makes of spring cassimeres, suitings,
worsteds, trouserings, &o. Heavy clothing woolens were
quiet in demand, but agents continued to make fair deliveries of some descriptions on account of outstanding orders.
Cioakiuss, jersey cloths and stockinets were moderately active in movement and demand, and there was a light business
in satinets and Kentucky jeans.
All-wool and worsted drees
goods, flannele, blankets, shawls, skirts, carpets, wool hosiery,
and underwear, fancy knit woolens, cardigans, &c., were distributed in very fair quantities by jobbers, and there was a
light re-order demand for these goods at first hands.
Foreign Dry Goods.— The situation in the market for impotted fabrics has not essentially changed during the week
under review. The demand at first hands was only moderate, but a fair business in dress goods, silks, velvets, plushes,
linen goods, laces, hosiery, gloves, &c., was done by the principal jobbers.
The auction rooms have presented no offerings
of special importance, but considerable quantities of silks,
velvetp,
pluabes, millinery goods, &c., were distributed
through their medium at about their market value.
was done
@FedFRASER