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HUNT'S MERCHANTS' MAGAZINE,
EEPRESENTING THE INDUSTRIAL. AND COMMERCIAL INTERESTS OF THE UNITED STATES,

VOL.

SATURDAY, SEPTEMBER

49.

The

aggi-egate of

Site ©Itrcruxdc,

was a

week ending Sep-

for the

14 records a gain over the to tal for the preceding week
of eighty-five millions of dollars, the greater part of
hich is
York. Speculation at the Stock Exchange in this city
at

BU isoribers of
A (lie cover

CHiSOSiCLK.

tlie

is furnished al 50 cents; postage on the same
Volumes ijound for subscribers at $1 00.

Is

18

Bubsoriptions will be continued until definitely ordered stopped. The
pabllahera cannot be responsible lor remittances unless made by drafts
or Post Office money orders.

I.»ndoii Aeents:
Messrs

Edwards * Smith,

subscriptions
at Is. each.

1 Drapers'

Gardens, E. C,

who

w

New

For One Year (inolndlng postage)
flO 20
For Sir Montlis
do.
6 10
Enropean 8ui>soriptloo (inolaaing postaire)
11 28
Eui'opoaa Subscription Six MontlH (including postage)...
6 64
Annual subscription in London (including postage)
Mi 78.
Six Mos.
do
do
do
*1 8s.
Tliese prices incinde the Investors' Sdpplement, oI 150 pages
Issued once in two months, and furuislied wltliout extra charge to
Ojts.

bank clearing "^

1,265.

tember

Terms of Snbseription— Payable in Adrance

NO.

1889.

21,

will tak''

and advertisements and supply single copies of the pape'

active than for the previous week, and compared with the same period of 1888 the dealings show a decline of twenty per cent.
Transactions on the Boston Exchange were slightly greater than in the week ended September 7, but smaller than a year ago.
In comparison with the similar week of last year the week's
exchanges exhibit an excess of 7-6 per cent, and the only
points recording losses of any importance were Duluth 38-5,
and Baltimore 21-6, the decline in the latter case being due to
the holidaj's. The cities most prominent in percentage of gain
are Galveston, 79-6 per cent; Fort Worth, 78-6; Dallas, 65-4;
Grand Rapids, 51-3; Des Moines, 45-6, and Denver 43-6 per
cent. The clearings at New York, other than those due to
stock operations, were for the week this year 8483,370,721, an
increase of 35-9 per cent over 1888. Compared with 1887, the
present aggi-egate shows an increase of fully 10 per cent, and
the excess contrasted with 1886 is nearly 19 per cent.
little

less

WILLIAM B DANA (W^H'I'IA'™ B. DANA & Co., Pnbllsliera,
10* William Street, NEtr YOKK. '
i
t
Post Office Box 958.

Week Ending September

J )hS o Fli)YD

Week Una'a

14.

1888.

CLEARING HOUSE RETURNS.

York
Sale) OS—
.Vew

The weekly bank clearings at New York and other cities are
made up by the various clearing houses each Saturday noon.
That fact makes it imposssible for us to cover the current

013,165,583
(1,958,814)

buthels.)

(l.SI3,5S4
(823,400)
(14,97^,700)

bbla.)

(9,07iJ,0UU)

thares.)

(Cotton
(Grain
(Petroleum

..hales.)

week's returns, as we go to press Friday night; so to keep the iSOBton
record accurate we are compelled to give the figures of the t*roTldence..
tlartf ord
previous Saturday in the detailed statement, which is the ''ew Haven.
SDrlQKtleld...
second table of this article.
Worcester...
At the same time, that our readers may gain some idea of Portland...,
the current week's business, we obtain each Friday by tele- ixiirell
graph the clearings for five days of six of the more important
Total New England..
clearing houses, which together with New York figures make
ehiiadelphia.,
up about 89 per cent of the total for all the clearing houses Pittsburg
for the same five days included in the full statement. To this ftftltimore
we add in a lump the returns for the other cities (which aver- SypHcuae
BuflSilo*
age only about 11 per cent of the whole) for the same five days
Total Middle.,
of the previous week, and that gives us a five-day total which
must be substantially correct for the whole country. For tlie jDioago
Jinoinnatl
sixth day, to bring the statement up to a full week's opera- tfilwaukea....
tions, we add about one-lifth of the previous total, making Betrott
C71uT6laDd
allowance only when the transactions at the New York Stock Columbus
Exchange are above or below the average. The final result [ndianapolts...
Peoria
is an approximate statement of what the full six days' clear- 9randBapidi.
ings for the whole country will aggregate when the week's
Total Middle Western
statement is made up Saturday noon. Prepared in this manner it will be seen, according to the table which follows, that San Francisco
Kansas City
the clearings for the five days have been in the whole country Minneapolis
*....
$870,831,703 this week against $938,780,236 last year; and ^it.Paul
Omaha
adding about a fifth to each of these for the additional day the Denyer
Dnluth
return for the whole country for the week ending to-day at
^t.
noon IS approximately §1,047,940,539, against §1,118,965,118 the LosJoseph
Angeles
Wlohiu
corresponding week last year.
,

''^opeka

Des Moines

Werk Endinij Septemher

CI.BARISGS.

Retwrm

new

b\i

1889.

Yorlt

,

Baitlmoro
Chicago
Orltians

,

Se\en cities, 5 days
Other cities, S days
Total aU

-131

60,888,082

ss.isa.r.?!

-H-Ii;

cities,

S days.

-3-8
-hr,-i

4-8-8

+1-9
+6-7

.

wcelc

$844,275,970
89,504, 66

H-lOl

$870,831,702
177,114,827

$932,780,236

— a-8

18'5,18 ,>-82

-4-4

!ri.(ll7.n48.529

-1-16-6

r— ^O-O)

(1,555.060)
(2u2,900i
(13,103,0601
(«,2o8,OuO)

(-I-.18-8)

(43)1.1.00)

(-25

»)

(53.447,3501
(20.350,0001

(—05

i)

1—2 0)

81.955,314

1

4,1711.800
l,596.»ti8

1

,2'M,S>H)

1.127.53!

1-25"
-.88

1

.S02,«14

l,l:-6,«<0

-I-14-

1

,1)53.726

681,l!l»

971,631
9«9,12a
681,434

2,007, 0>.

1, 078,50s

-t-IBl

-f8 4
-1-1

91,852.972

92,811,736

-05
-08

86,752,790
ii.aeo.iai
9,H0J,UK9
BiM,57p
3,157.175

59,775,933

-t-100

10.643,«Ott
l)i,«34.9U7

-21-6

7au,007

87,567,588

83.774,555

68.887,372
10,B95,ltO
4,904,b81
4,755,075

63.246,122
9,UO9,2U0

74.136,186
3,f55,700
1.061.132
1.424,493
1.107.795
075,313
1.071.136
607,648

(-59 8)
(-68B)
(-75-1)
-I-1-4

-5-2
-f6-3
-f23-8

-HB-5
-H>2

-66

+19-6

84,789,398

-H-8
-fl-«

—98

60,083,978
11,230,310
11.201,757
644.814

-t^4-5

83.226.259

-0-3

+ 86

68.059,240
10,537,960
5.ol9,42e
5,013,689
8,77n.o32
2.OS3.40O

-fO-3

•

58

—0-8
-9-1

+6-i

3,01.6,90:

r

S.ti20.u«3
2,W2«,30ci

-t-7

9

4,33;,2l>7

-fl.S-1

4,l2,,n3^
3,093,4n4

1-16 2

ii;

*

-I-8-7

-I-17-2
4-7

—

+100

+24-»
+26-4

2,387.91)2
l,62«,i>04

-1-9-1

1,443.737
527,134

-1-513

6i)l,878

+8S

99.524,158

90,099.442

-fO-7

100,701,781

+3-4

17,747,409
8.154,9^1
4,429.790
4,134,117
8,680,357
4,143,038
1,267,935
1,130,778
693,877
872,608
351,681

17.993.622

-1-4
-2-H

17,449,-09
7,827,623
4,044,125
8,713.780
4.099,469
3.99B.5H8
1,254.420
1.3o5.a. 8
747,3H8

+4-0
-C-4
+3-0
+5-1
+29-8
+50-8

1,774.605
1,HB0,355
797,467

802,a(i8

8.37.i,^47

4,460.901
3.579,S81
S.5SM,793
2.s8i,la4
2,06^,682
J,17a,b0&

76c,7C0
545,082
857,774
550,896

471.049
eii.3ee
1,587,132
649,561

-68

-0-

+
+40
15-6

-i-43-6

-3N-5
—3-6
-9-8

-(-23-2

—1-7

-H5 6

2,3s;2,6»8

1.060,778

61IH.694
Stt9,e02

597,090
613.787
685,094
1,708,462

46,290.762

-I-1-8

+0-8

19.1.S9,7B6

New Orleans...

5,.S9I1,4«3

+ I.H-4I

5,4112,777
l.i;0',3^5
1.475,1.0

1-20-0I

•

+ 15'3

981,417

-I-B5-4

5,695,078
7,672,589
1,375.920
l.«48,380
1,542,163
1,271,446
1,960.780

+l'^i

+ 14
+12-8

46,«0S,00«

20.003.ai8

it.

47,108,962

Lonis

Memphis
Richmond
Dallas
Ifort

Total Boathsm...

+ U-1

70.'>,0i

+7»-6

1,192.137

Worth....

iHlveston

+ 79-6

St

+15-6
-2-6
+15-8
+8-0

+810
+91-9

-40

Sfl3,089

Horfolk
BirmtDKham*..

$772,202,480
98,560,213

AllciticH, liiay
all citica for

58,632,000
16,674,570
6,479,233

10,008,194
53,892,000
16.364,223
5,133,436

ToMl Other Western.

79.707.918
4,8 0,400

H-90

027,373,€21

L/onisTille

$633,705,323
71,43^.224

$550,711,002

ll,14i),288

St. J.OUlB

Total

Seattle*

1888.

68,72S,:l3l

,

BoHton

,

Tacoma*
Portlapd'

Telegraph.

Plilladclphia

I»ew

31oni Clty»
21.

P. Cent,

701,255,721

{Stocka

Sept. 7.

—6-6

505, :88:

36,979.356

+12-8

40.911,300

+8-9

636,856
41,727,292
1,060,0.86,693

993,521,434]

-t-7-0

988,969,465^

+1V2

307.780,072
OUald* New Tork.
'Mot included ia totals.

350,355.8511

~T5'C

860,595,044;

+2-8

Total

all

'

THE CHRONiCLK

352

rvou XDX.

by dear money here, bankers arranging to have the
properties carried abroad where rates are cheaper. Com-

THE FINANCIAL SITUATION.

The
The money market this week has shown increased firm- mercial bills are reported as rather scarce.
The shipments of currency to the interior have immediate future of the market now depends upon the
ness.
on a maintenance of the present rates for money. If loannot been as heavy as last week, and yet have been
purchases of bonds able funds continue active, there will be more or less
At the same time the
large scale.
by the Treasury have continued small, no large offer- drawing of exchange for ihe purpose of loaning the
ings having been made till yesterday, when altogether proceeds as was done last month, but bankers will oper-

and not indulge too liberally in offerings
which may have to be covered at a loss. The
at the Secretary's
customs payments have been quite heavy. However, course of our foreign trade continues about the same as
the Sub-Treasury outgoes have been kept a million in heretofore, that is both imports and exports are heavy.
excess of the ingoes, so that it cannot be claimed that From the preliminary statements issued by Mr. Switzler,
the Treasury operations have made money firmer. of the Bureau of Statistics, covering the leading staples

about a million and a quarter of 48 and 4^8 were offered
figures,

and taken.

Besides

this,

ate cautiously

of futures

With the demand from the interior, however, for crop of exports, we
purposes large, and with four banks holding last Satur- usual form.
day *5,639,400 surplus reserve, while the total for all
the institutions was only $5,134,775, it is easy to see
that a firmer tendency was the inevitable outcome of
Bankers' balances have this week loaned at 6 and at
3 per cent, the average being about 4J. Renewals were
made at this latter figure early in the week, but after

Wednesday the rate was advanced to 5 per cent. Banks
and trust companies generally also moved their minimum up from and to the same figures. Time loans

now quoted

our

BXPORTg OF BREADSTUFFa, PKOVISIOXS, COTTON AND PtCTROLEDH.
1887.

1689.

Export*

Inm

U. S.

Auf)U8t.

August.

8 Months

8 Months.

Aufjoit.

Quintlties,.

prevailing conditions.

are

are able to prepare the following in

at 5 per cent

on prime

collateral for 30

days to the end of the year, and 5^ for four to six
months. On good mixed collateral the rate for 30 days

Wheat.bu8h.

6.6P8.380

Flour. ..bbls.

1,018,'

Wheat., bn.
Com...bu8fa.
Tot.

27,6J.\821

7,210,144
874,96;

().040,e31

11,252,691

4,992,992

bush

31.089.868
7,289,915

54.828,060; 11,147,478

63,893,676

2,829,477

18,590,103

58,843,01»7I

1.144,490'

1,706,265' 26,029,422

20,789,308 136,703,326

13,976,950

10,447,127

59.gS3,4Sl

1,824,113

10,09S,S0'(

889.281

4,200
16.323

63
22,450

14,963

43,396
150,811
227,158

Valueg.

Oats & meal.
Barley

119.445
30,009

52,581,404
26,730,890
258,834
484,941
150,537

Br'dstuffs..

13,189,752

80,206,408

12,106,728

70,S03,124

98,552,612

9,334,059

61,922,356

10,040,243
2,.121,696

Rje

68,.1;«

.

14,008,40«

76,879.045
7,554,213

19.063,041 110,673.904

113,671,157

Wli'ti flour
Corn Jk meal.

PrOTislons

13.91 2,8.''6

2,853.327 102,624,999

<
t
17,426,593 104,691.205
12.990.111
174.464

275,233
175,401

18,380.444 118,306.414
9,727,021

63,769,-595

4,5«2,88«

95.731,138

Cotton
3,517,835
end of the year is 5J, and for four to six months Petrt)l*in,&c. 6,431,461 34,618,917 4,824.130 30,696,693 4,381,361 29.336,3(^8
There is very little demand for
it is 6 per cent.
Tot. Talua.' 37,217,45 320,275,40< 29,118,251 870,747,172 37,056,614 307,143,515
* Including cattle and hogs In all months and years.
commercial paper, our city banks being out of the market
the buying is confined to out-of-town institutions,
It will be noticed that for the eight months ending
who are simply replacing matured paper. The supply August 31 the values of these leading staples are nearly
is fair, and makers of notes appear to be waiting for a 50 millions heavier than last year and 13 millions in
112,897,405

to the

;

Rates are

better inquiry.

day endorsed

5@5J per cent
6@6^ for

for

CO to 90

excess of 1887.

four months

Quite an interesting feature in connection with the
good single names having export movement of leading staples is the increasing
from four to six months to run.
importance which the port of New Orleans is assuming
The cable reports discounts of 60 to 90 day bank in the breadstuffs shipments. Taking the figures for
bills in London 3J^3J per cent, the advance being the eight months ending August 31, we find that the
due to a better inquiry, and also to a rise in value of the breadstuffs' exports from the Crescent City
the rate of exchange at Paris on London.
The open in this period exceeded that for the same period in 1888
market rate at Paris is 2^ per cent, while at Berlin and in the sum of almost three million dollars actually
at Frankfort it is 3 J per cent.
It is reported in Lon- $2,939,421.
This is heavier than the increase at any
don that a financial crisis is imminent in the Argentine other point. New York having gained only $2,605,562,
Republic, where the premium on gold has advanced to Boston only $753,353, and Baltimore and Philadelphia
125 per cent.
On another page our London corre- but $295,034 and $286,706 respectively. The increase
spondent expresses solicitude as to the effect of this in at New Orleans is the more noteworthy since the total
causing a demand for gold upon the Bank of England. breadstuffs exports from that port last year in
It is therefore interesting to note by a special cable the
eight
months reached only $2,605,105, so
to us that the £180,000 gold withdrawn for export dur- that the figure now of $5,544,526 represents an addiing the week was for Egyjjt and the Argentine Republic. tion of more than 100 per cent. It is true that
As against this export, the Bank bought £168,000 in last year the amount was unusually small, and that the
the open market, but shipped £46,000 to' the interior of present gain is merely a recovery of what was lost then;
Great Britain, and these various operations have resulted yet this circumstance is not so important as might at
in the loss of £58,000 in bullion reported by the B»ik first sight be supposed.
All the other ports also lost
for the week.
The Bank of France also again shows a heavily at that time; and these ports now regain only a
bills

acceptances, and

receivable

6^@74

;

for

—

loss in gold, the

amount

of the decrease being £150,000.

The Bankof fermany,

since the last return, has lost
about £404,000 of the metal.

Foreign exchange was dull and firm until Wednesday when it grew easier, but with nominal rates at
14 -85^ for long and $4 -89 for short.
On Thursday and
Friday under liberal offerings of bills, the market
became weak and the rates finally dropped to 1^4 -841
and $4 "88^. Some of the bills were drawn against purchases of stocks for European account, but the majority
transfer of securities to London caused

came from the

small

fraction

of their previous decrease while

Orleans has recovered

New

'

tK^

greater part of

it.

New
For

York, where there is for 1889 a gain of
2^ millions, there was in 1888 a decrease of over 22
Philadelphia last year had a decrease
million dollars.
of 6^ million dollars and Baltimore over 9 millions
decrease; the present year's increase at both points is
trifling, as already shown. Boston lost over 2^ millions,
but has recovered only about three quarters of a million. New Orkans, on the other hand, lost $4,300,000,
three millions of the amount,
r nd has made up nearly
instance at

_

.

!

September

THE CHRONICLR

W».J

21,

thus having done decidedly better than any of the other
The following furnishes a comparison for three
ports.
years.
HREADSTUFFS EXPORTS

f

MONTHS ENDING ADOUBT

IDIIT

Au^tt,

New York

47.866,770

7,404,578
S.015.1CT

6,651 ,225

13,836.D9»

13,540,565
8,606,103
•15,275,827
4,r57,318

9,290,712
22,798,U>7

Oihe

S,544.62H
16,l50'',-96

B,t47.&35

districts

ij0,20^-,406

rotiil
•

8,907,376
15, 192.62 a

7,S81,42h

70,503,124

I

11(!,798,492

course

it

not difficult to explain the small

is

recovery at the Atlantic ports.

The wheat and

flour

heavily last year and this year further

shipments

fell off

declined,

and that

a class of exports in which the

is

But, on the other hand,
Atlantic ports are prominent.
there has been during the current year au exceptionally
free

movement

of corn,

as far as appears,

1887.

686,469

3,825,083

4.097,Ma

7<mi.
eS5.1M
704.101
372.282
3,198,729. 2S,400,40T|23.6]9.290 21.8«3,'»S

4,413,752
796,749

4,684,031

8.«02,826! '23,025, !6s'2S,750,2«7 22,236,077

Consumption.. 3.613,003'

4.287.2711

896,752

62ft,41&l{

7»5,74tf|

C96.762

e29.416

and there

is

no special reason,

why New Orleans should have

derived

greater advantages than the other ports from that cir-

3.273.411 1?2.229.814 2.1.368.515
1

As regards both the diminished production and the
diminished consumption for August,

the important

remember is that we are comparing with a
month in 1888 when the increase had been nothing
point to

less

Includes one or two minor points not Included In the lS-7 flRurrs.

Of

Tbfu
aao.*77

788.069

TVltu.

9..340,0B7

2.728,<21

Boston
Pli'lad.lph a
Bjltim re
New Orl ana
Prl'Cipal Pacific dlstrlcU.

1888.

Tbiu.

7bn»

.

85,144,663

Auo.8\.

1880.

1887.

188S.

Total ituDplT
St'k end or period

»7.780.««

I to

TlMU

Production^
1887.

18S8.

IflSO.

Jan

AntltraetU CoaL

Stock beKinnloR
of period

31.

353

than extraordinary, reaching nearly 900,000 tons in

the case of the production and over a million tons in

This qualifies very maimportance of the present falling off. Thus,
while the consumption shows a decrease of 669,000 tons
as compared with August 1888, as compared with
August 1887 there is an increase of 345,000 tons, and
as compared with August 1886 an increase of no less
than 880,000 tons. It is to be remembered, too, that
in the previous month there had been a gain the presthe case of the consumption.
terially the

cumstance. It is a fact, however, that in these corn ent year, even after a heavy increase in the years preshipments New Orleans just now leads every other port ceding, and it is barely possible that the situation of
For July and August its shipments stocks other than at tidewater may have improved durexcept New York.

were 1,C18,.503 bushels, against 759,562 bushels in 1888,
while those from Baltimore were only a little over a
million bushels, those from Boston not quite a million,
and those from Philadelphia hardly more than half a

From New York the shipments in the same two
months were about 5^ million bushels, being an increase
For the fiscal year ending
of about 3 million bushels.
June 30, 1889, the exports from New Orleans were not
quite as large as from Baltimore, but the difference was

million.

not

very

great,

the

New

Orleans shipments being

11,812,834 bushels and those from Baltimore 12,125,602,
and both showing very heavy gains over the year pre-

Boston and Philadelphia also gained heavily,
but sent only 6^ and 2J million bushels respectively.
At New York the shipments were 26f millions, against

ceding.

8f millions in 1888. During the last month New
Orleans also gained in the wheat exports, though both

New York
The

and Baltimore

lost.

anthracite coal trade continues to be about the

ing August.

For the

eight

months

to

August 31,

though the consumption is over a million tons less than
in 1888, it is 623,152 tons greater than in 1887 and
2,485,603 tons greater than in 1886.
The Chicago Burlington & Northern has taken the
action expected on the question of meeting the competition of the Lake Superior lines. It has reduced local
rates between Chicago and St. Paul from the basis of 60
cents first-class to 40 cents, and at the same time has again
put into effect the old 15 cent tariff on business coming
from the seaboard. As made some weeks ago, this 15
cent proportional tariff had been pronounced by Judge
Cooley as illegal, but the Northern has now succeeded in
making arrangements with the Lehigh Valley, and this
may alter the aspect of things. It does not appear that
the Lehigh Valley actually pro-rates with the Northern;
it seems simply to have agreed to issue a joint tariff.
The move of course is an important one, and
because the Northern has
it is made more serious
also been successful in effecting similar arrangements

only prominent industry from which the accounts at
present are not very encouraging.
The demand seems with the Cincinnati Hamilton & Dayton and the Louisto be slack, and there is apparently gi-eat difficulty in ville New Albany & Chicago, thus carrying the disturbmaintaining circular quotations, with quite frequent ance into the territory of the Central Traffic AssociaIt is possible tion.
The other lines between Chicago and St. Paul
hope that lower have all met the new local rate on the Northern, but
prices may prevail later on, or it may be that with last the Bock Island and the Chicago & Northwestern have
year's experience in mind they are di.sinclined to lay refused to put the 15 cent
proportional tariff into
in supplies till they can form a better idea of the nature effect, because being too low.
The prospect now seems
of the weather and the probable demand, and doubt- to be that the effort to circumscribe the effects'of the

reports of concessions by the producers.

that consumers are holding

also

less

as

rather

sents

a

when

the

stocks
large.

sharp

at

In

off

tidewater

in the

points

any event

contrast

demand was

with

the

that

are

regarded

situation
of

a

pre-

year ago,

new

rates, so that

the

harm

to the roads

may be

ren-

dered as small as possible, will be successful, though it
is
hard to say just what developments the future

and both consumption may bring forth. AVe may be sure however that general
and production very large. The statistics which Mr. demoralization will be avoided if possible. It is admitted
John H. Jones, the accountant of the companies, has on every side that with large crops the prospects for a
issued this week for the month of August, show that heavy traffic are excellent, and that in the circumstances
the condition of the trade is not altogether satisfactory. it would be the height of folly to fritter away
Though production was reduced 471,879 tons as com- profits by accepting non-paying rates. Besides, stockpared with the same month last year, stocks at holders and investors would hardly permit a .return to
tidewater points at the end of the month were slightly the state of things prevailing before the Presidents'
active,

greater than at the beginning.
Since the first of Jan- agreement of last January.
Kiernan's News Agency
nary the production has fallen off 1,218,883 tons, and had interviews this week with Messrs. Hughitt, Miller
yet stocks have increased from 025,156 to 795,749 tons. and Cable of the Northwest, St. Paul and Rock Island,
The following statement affords an idea of the compar- and they all agreed that the situation remained very
ative consumption for the month and year.
hopeful, notwithstanding the trouble on Chicago-St.

'

THE CHRONICLE.

354

[Vol,

XUX.

Supposing the Terexpressed the opinion that this the Terminal might lose control.
minal should secure all the first preferred shares outbounds.
latter would be confined within narrow
standing, even then it would hold only 11 millions of
Pacific management have this week
Puul

aud

traflic,

also

The Northern

regard to the stock, while there are 46 millions of common and 2d
defined more clearly their intentions with
That point, however, has
and the future of the company preferred stock besides.
new ICO million loan
been carefully studied, and therefore future
to the circular issued Thursday doubtless

under

According

it.

developments in that regard will be looked forward to
afternoon and signed by President Harris, $75,000,000
and with more than ordinary interest.
2d
of the bonds are to be used in retiring the 1st,
The Cincinnati Washington & Baltimore reorganiza3d mortgage issues of the company, 126,000,000 are to
acquire new tion scheme appears to have been an undoubted success,
retire branch bonds, $20,000,000 to build or
rolling stock, and the road was this week bought in at foreclosure
lines, $20,000,000 for new terminals and
There would be
in retiring exist- sale by the reorganization committee.
$10,000,000 for premiums to be paid
general purposes. The nothing remarkable about this except that the holders
ing bonds and $9,000,000 for
securities (1st and 2d incomes and common
circular also sets out the reasons and objects governing of junior
which are chiefly to provide means for the and preferred stocks) had to submit to a reduction of
the Board,
future needs of the company, to enable it to reduce its their holdings and pay a money assessment besides.

The

was regarded, however, as essentially fair to
and hence it is not surprising that it
the use of surplus earnings for dividends instead of
rolling should have received the assent of the holdings of not
being obliged to devote them to the purchase of
stock and other expenditures on capital account. The less than 80 per cent of any class of securities and on
The Houston &
directors state that it is not expected that the 1st, 2d some classes the full 100 per cent.
immediately retired, but Texas Central is another road in process of reorganizaand 3d mortgage bonds can be
a considerable saving can at once be effected by retiring tion, and it would be interesting to know the success
interest

and sinking fund requirements, and

to allow of

jilan

interests,

all

the Oregon Trans-Continental and such of the branch
bonds as are subject to call. In this latter way,

attending the plan in that case. After a long delay,
the assessment on the stock of that road was a few

trust payments, the Board sees a way of
saving about $600,000 per annum, which of course
would accrue to the advantage of the stockholders. Before this circular appeared, Mr. Villard, on behalf of

weeks ago fixed at the remarkable figure of 73 per
cent.
The first payment under this assessment fell
due this week, but notice has been given of an extenThe assessment is so heavy that probasion of time.
bly few persons outside of Mr. Huntington and the
Southern Pacific people will care to pay it, especially as
the only consideration offered is the exchange of the old
stock for the new, no bond being given for the assessment.
The stock market this week has been dull and
irregular, but the undertone on the whole has been
quite strong.
The action of the Burlington & Northern
had rather a depressing effect for the time being; subsequently, however, a better feeling developed with
the statements by President Ilughitt of the Northwest.
President Cable of the Kock Island and President

line

and on the car

himself, Messrs. Oakes, Colby and Hoyt, and other asso-

had issued a call for proxies, in which the 160
millions of bonds was apportioned somewhat differently
He now accepts the apportionment
than above.
made by the Board. The call, however, also emIn it
Mr. Villard
some other points.
braces
ciates,

himself

pledges

new bonds

at

(1)

once,

to

offer

of

$12,925,800

common and

preferred

the

stock-

holders alike to have the privilege of subscribing for

them

at 85; (2) that a dividend reserve

fund equal to

the surplus earnings due the preferred stock to the end
of the last fiscal year be set aside,

and

(.3)

that one per

cent quarterly dividends on the preferred stock be begun

Jan.

1,

1890, such dividends to be paid out of the sur-

by any chance earnings shall not be sufficient.
In an interview Mr. Villard expressed the opinion that earnings for the current half-year would show
an increase of two million dollars, and further that the

plus fund

if

ratio of expenses could in the future be reduced.

He

claims that a practically unlimited supply of coal has
been secured to the company through the newly-opened
coal fields of Central

Montana, and that in this way the
down more than 3 per cent.
West Point Terminal Company

ratio of expenses can be cut

The Richmond &
this

week announced a further increase

stock to the

amount

in its

common

,

Miller of the St. Paul,

that railroad business in the

Northwest was satisfactory and the outlook encouraging
notwithstanding the Chicago-Sti Paul difficulty. Returns of railroad earnings continue very good as a rule,

and both the
large

gains

Illinois Central

in their

and the Northwest, show

exhibits for August, issued this

The

corn crop is now regarded as secure;
were
some light
frosts
in
the
West,
but without
doing
it
is
believed any
material damage.
Some ai^prehensions, however, are still
being felt with regard to the future of money, and this
week.
there

deterring effect upon speculation.
Richmond Terminal declined on the announcement of
exercises rather a

an increase in stock, and the Northern Pacific properhave been rather erratic in their fluctuations. The
however, that under this increase the company secures New York New Haven & Hartford stockholders voted
an additional two millions of the first preferred stock to accept the amendments with regard to increasing the

total

of 6^ million dollars,

now outstanding 50^

million dollars.

making the

It appears,

of the East Tennessee.
President Inman furthermore
expresses a willingness to buy some more of the first
preferred stock of that road on the same terms. The
object of course is to keep control of that property. As

ties

and it was decided to issue $3,100,000
having the right to take it at par.
The following gives the week's movements of money
to and from the interior by the New York banks.
capital of tlie road,

at once, stockholders

we pointed out

last week, if another 5 per cent dividend
should be paid on East Tennessee Ist preferred stock,
making two consecutive payments at that rate, tlien
the 1st preferred stockholders would no longer have

the right to elect a majority of the board of directors,
but be placed on tlie same footing as the common
and second preferred stockholders, and in that event

(Teek ending Sept. 20, 1830.

Received by
Shipped by
r. nanke y. r. BarO^S.'

tf.

»I,117.000

Currency..

ja.5^0.000
1,0^0,000

Loss. $1,433,000
Loss. 1,020.000

»1, 117,000

{3,570.000

Loss. f2,4S3,00O

GolJ
Total ROld and

TnUrivr
Movement.

Jiet

lefiral

tenders.

Taking the foregoing in connection with the SubTreasury operations, the result is as below.

—

'

September
Week end'na

THE CHRONICLE.

21, 1889.J

Net Change in

Out of Banki.

Into Banka.

Sept. 20, 1889.

Bank

Banks Interior Movement, as above,

11,117.000

|3.ft70,n00

I,n!>s

Bub-Treasury operations

17.100.000

le.iuo.ooo

Gain.

jl8, 217.000

11 9, 870.000

Total Bold and legal tenders.

.

J

Hntding».
(2,43.1,0110

l.OiO.Oiia

Loss. tl,453.000

Bulliou holdings of European banks:
Sept. 20,

Srpt. 19. 18-9.

Banktot
Total.

£

S

20.838.728
53.114.985 50.241.585 103.350.57(1

\S^.

mver.

Gold.

£

auvtr.

Gold.

20,500,507

KOKland
France

'.iO.82S.726

Germany*

28.199.314 14.099.(1»B

42,299.0011

43,084,102 49 235,210
30,911,:i3rl5.455.a00

15..S,'-5.00O

21.3i0.000

5.95».000 15.33:1.00

«.137.00(i

ll.e4i),000

S.75B.00O

7.703.0(Kc

200.000

3,889,000

2,613,000

1,271,00

Aust.-HunK'y
Netherlands..
Nat.BelKiuni

6,435,000
6.60U.OT0
S.593.000

1

lotai.

£
20.569,507
M3,3l9 312
4«,Sll7,oo.r

21,2-«,oi"

3,814,0

1

Tot.this week
Tot.prev.w'k. 11M01,379 88,185.910 204.58;,298 109.371.858189,180,373 199,552,031

PAUL d KANSAS

ST.

connects important traffic centres is in one sense an
advantage, in another it has been a decided disadvantage, for competition, always keen on lines of this kind,

was in this case intensified by the appearance of several
new candidates for publicfavor contemporaneously with
The outlook at the inception of the undertaking
itself.
was undoubtedly more encouraging than it became
subsequently, for railroad building had not then been
80 greatly overdone, nor had duplicate and trijjlicate
lines made their appearance in such rapid succession.
Then there has been hostile State and national legisla-

l».459.00(

U5.ti>0,045 87,059,251 203,.339.29e 108.819.943 83.89l,87« 107 814 819

THE CHICAGO

356

CITY.

tion.

President Stickney says that the practical effect

Commerce Act during 1888 was to
with competitive rates "so
" that the average rate received per ton per mile came
" down on this road 25 per cent, which reduction was

of the Inter-State

reduce

all rates

to a ratio

"wholly at the exi^ense of net earnings." A further
drawback was the poor crops of last year, the spring
affairs in the Xorthwest, the announcement received this wheat yield especially having been short.
Finally, the
week that the comj^any had submitted a proposition to line had to be operated in a more or less incomplete
its bondholders to fund their coupons for a few yearg state, the period of construction not having been finished
possesses considerable interest.
The object had in view, till quite recently.

As the Chicago

St.

Paul

& Kansas

City has become

quite a powerful factor in the situation of railroad

as definitely expressed,

from the
it

to enable the road to recover

It cannot be said that the road has failed to get a
unfavorable influences, give large amount of traffic, for gross earnings have steadily
earning capacity while making and continuously increased, and are still increasing. But
is

effects of recent

time to develop

its

necessary improvements and keeping, the property in for the reasons above cited, the net results have proved
first-class condition, and to strengthen its financial posi- less satisfactory.
In the year ending June 30, 1888,
tion by affording opfiortunity to accumulate a reserve

on charges of $824,195, there was a deficiency of net
working capital.
earnings of $348,560, and for the late year, on charges
The Chicago St. Paul & Kansas City is one of the of $1,213,397, the deficiency was approximately $477,newer roads in the Northwest, having been advanced to its 746. For the current fiscal year the charges are estipresent proportions within a comparatively short period. mated at $1,341,489.
As the total net earnings for
As Messrs. Kobert Benson & Co., of London, correctly the late year were only $735,051, the officials of the
say in their circular to the bondholders, a complete and road recognize that they could hardly hope to earn
independent system has been formed during the last enough to meet full charges for a year or two. Accordfew years comprising 853 miles of line (815^ miles ingly, the present plan, which provides for funding the
owned and 37^ miles leased) and stretching from Chi- next six coupons on the first mortgage bonds, has been
cago west to the great traffic centres of the Northwest devised.
It is not likely that the managers would find
and Southwest that is to St. Paul and Minneapolis in it difficult in any event to get the bondholders to make
the one direction and to the Missouri River at St. concessions, since they have always evinced a disposiJoseph in the other, connection being made at the latter tion to be guided by those in control. But the plan is
point for Kansas City.
The capital for this great under- in some respects really very ingeniously contrived. The
taking has been furnished almost entirely in London. coupons are to be deposited in trust and the company
Moreover, though providing for so much new mileage, agrees to pay 5 per cent interest on them. So far the
the enterprise has never been lacking in means, and the usual course has been followed. In the matter of
money to push or extend the road seems always to have status, however, a departure from the ordinary pracbeen promptly forthcoming. As the company stands tice is made, and instead of leaving the lien undefined,
to-day it has $18,831,000 of first mortgage 5 per cent or giving the coupons the same standing as the bonds
bonds outstanding ($9,628,000 Minnesota & Northwest- from which they are cut, it is provided that they shall
ern Ists and $9, 193,000 Chicago St. Paul & Kansas City have (with the consent of the bondholders of course)
Ists), $3,283,000 of 6 per cent notes due in 1891, and a lien prior to the principal and subsequent coupons.

fund

in the nature of

—

—

$600,000 of current bills payable, making altogether By this arrangement constituting in effect a new
$22,703,000 of interest-bearing debt, besides which loan for a small amount and
having an absothere are $4,981,000 of income bonds and $14,892,900 lute first mortgage on the property the coupons
of stock, giving a total capitalization of $42,576,900. to be funded it is thought would be worth more than

—

The

result is that we have a system in whose doings and
operations not only the owners are concerned but also
the neighboring roads, upon whose future the introduction of the new rival has had no little effect. This general interest

is

various traffic
last

further increased by the fact that at the
meetings that have been held during the

twelve months the attitude of the St. Paul
been decidedly aggressive.

& Kan-

which they are to be
by reason of its
command a premium. Should any

their face, since

the loan

exchanged

in all

will

desirable qualities,

bondholder, however, not care to make the exchange,
the company has entered into arrangements for purchasing them at par.
The $3,282,000 of 6 per cent notes are
*o be converted into general

" upon which three

sas City has

into

probability,

mortgage 4 per cent bonds,
funded."

years' coupons will also be

The coDipany has had to contend with a number of The effect will be to relieve the company till 1893 of
drawbacks, some inherent in the nature of the under- all charges except the interest on the new priority loan
taking and some inherent in the general railroad situa- (amounting to $11,763 for the six months ending July
tion of the West, which it in part produced.
The road 1, 1890, and increasing that amount with each six
was built through a section already well supplied with months' period thereafter), and the requirements for
transportation facilities,

and though the

fact

that

it

rental

and taxes estimated

at

$163,520 per half year.

THE CHRONICLE.

856

[Vol.

XUX.

Supposing the scheme carried through (and there. stances and conditions made expenses very heavy last
this, the better rates now being received
seems no reason to doubt that it will he carried through), year. Besides
comparatively easy| on many of the roads permit of a smaller ratio of
the company will be placed in
circumstances financially. In its own interests, as expenses to earnings.
[

well
result

the

in

certainly

is

of

interests

the

in

as

neighbors, such a

its

degree desirable.
should be a strong

highest

The improvement in rates of course presents the
most important point of difference between the con-

The rate situation has not
ditions this year and last.
been entirely satisfactory, and yet it has been so very
much better than last year that it was bound to show
straits makes the worst
its effects in larger earnings, both gross and net, esagainst, for all its operations of necessity become
With no funding pecially as the general conditions as to traffic and busisubservient to its financial needs.
In addition to the better rates
plan, the St. Paul & Kansas City might have fallen ness were very good.
capacity for mischief would their was a heavier grain movement, though this, as
into that state, and then its
have indeed been great. As it is, the road's business shown in our review of the gross for July, benefitted
can be developed so that the owners may get the largest chiefly the lines to Chicago, as there was very little
amount of return from their investment while doing gain in the receipts at other points ; in fact, af the exthe least harm to the older roads and to the general clusively spring-wheat markets there was actually a decline, the Avheat receipts as a whole having been less
railroad svstem.
than for 1888. The lines to Chicago also had the adIt

better for

is

rather than

a

that

all

it

A

road in financial
kind of a rival to contend

weak adversary.

vantage of a heavier movement of live stock and provisions, the former particularly being important.
In the

JULY NET EARNINGS.
As our statement
best

week showed

last

for

August the

month

exhibit of gross earnings for any

of the

week shows for July the best
As in that case, too, the statenumber of roads than have

year, so our statement this

exhibit of net earnings.

ment comprises a

greater
ever before been contained in any similar monthly tabulation by us (it embracing the net results of 105 separate lines or systems),
to

it

and

this gives

value

increased

of course.

In the aggregate, the gain on the 105 roads reaches
no leas than $3,278,009, which is almost a million dollars
more than the gain for January, when the weather conditions and other special circumstances made such an
important difference in the comparison of results
between 1889 and 1888, and the amount is from two to six
times as large as the gains in other months.

The

contrast

with June, the month preceding, is of course specially
striking, for then there was a slight decrease in the net
the very favorable statement now only confirms
what we then said in explanation of the loss, namely
;

that it was the result of special and transient causes
and therefore not to be regarded as permanent in character.
Not only, however, is the improvement heavy,
but, what is of equal importance, it is widely distributed.
There are 23 roads out of the 105 reporting which show
diminished net, but these are of such minor significance
that when we arrange the roads in groups or geographical divisions in our usual form, it is found that not a
single section fails to participate in the increase, and
in most cases very largely, too.
The following is a
summary of the aggregates both for July and the seven
months ending with July.
July.

Jan. \ to July

(106 rood*.)
1880.

OroM evD'a
Opw.ezp...

48,«68,8Sd

NMearn'ii

17.757,991

1888.

31.

(97 roods.)

Increase,

1889.

1888.

/ncr^ct'f.

t
45.020,809
80,541.177

t
t
i
%
+8,948.297 295.163,686 280,406.523 14.757,062
-K«9.e83 208,846.874 198,637,598 4,009,278

I4.479.S83

+3.e78.B09

92.516.711

81.768.927 10,747,784

South the cotton movement was not equal to that of
though its dimensions in July are never large.
The general industrial situation, however, was very
good, both there and elsewhere, and the volume of
Furthermore, the
trade was of verylarge proportions.
roads had the advantage of an extra working day in the
month tliis year July, 1889, having contained only
four Sundays, but comparing with a month in 1888
which had five Sundays. As regards the character of
the exhibit last year, the loss then was very much
smaller
than the present gain, reaching oply
In the year preced11,503,016, or about 10 per cent.
ing that is in July, 1887 there was a gain of
$;1,005,166, or 8 per cent, on 58 roads.
The Burlington & Quincy last year had the heaviest
loss and this year has the heaviest gain in net, reaching $550,148 (the loss in July, 1888, was $617,167)
with $72,553 gain more by the lines controlled. The Union
Pacific, counting all the various lines owned by it,
some of which show a decrease, has a gain of $273,324.
The Southern Pacific system treated in the same way has
The increase on the Pennsylvania
$310,556 increase.
is $257,240, on the Illinois Central $155,785, on the
consolidated Wabash $131,027, on the Denver & Rio
Grande $102,206, on the Canadian Pacific 8203,019,
and on the Northern Pacific $116,747. There is
besides a large number of roads whose gain ranges
between $50,000 and 1100,000 each. With the exception
of the Atchison and the Central of Georgia, the roads
showing losses are all minor ones.
The Pacific group attracts attention because having
the largest amount of gain in net, namely $891,958
^f e have already alluded to the increase on the Union
Pacific, Southern Pacific, Northern Pacific, and Canadian Pacific, and it is only necessary to add that there
are no decreases in net in this section, except on such
subordinate lines as the Utah & Nevada, the Ogden &
Syracuse, the Montana Union, and the California
The Northwestern group, though not havSouthern.
ing as heavy an increase in 'amount as the Pacific roads,
has a very much heavier ratio of improvement, the net
on the roads included being up from $1,223,287 in 1888
The Burlington & Quincy
to $1,930,450 in 1889.
The imthe greater part of the gain.
contributes
last year,

—

—

—

'

It

wi 11

be

noticed

that

the

in crease

in

net

for the month follows in great measure from the fact
that the roads were able to enlarge their gross earnings
in considerable degree without at the same time aug-

menting

much. Thus with gross
expenses were added to only in

their expenses very

increased |3,9i8,2'J7,

amount

and this leaves the gain of
undoubtedly a fact that greater
economy is being ^practiced by railroad managers all
over the country, but at the same time special circumof

*CG9,688,

13,278,609 in net. It

is

provement on the other roads

is

not especially notewor-

thy except in the case of the Wisconsin Central, which
The
has enlarged its net from $97,009 to $140,429.
Keokuk & Western is the only line with diminished net.

—

.
1

Septembkr

THE CHRONICLE.

21, 1889.]

On the Southwestern roads, the heavy gains come
from the Denver & Rio Grande, the St. Louis &
San Francisco, the Houston & Texas Central, and
The Atchison has a dethe Rio Grande Western.
It is sometimes claimed that the latter is
crease.
the only road in the Southwest that does not present
favorable exhibits, but we find that two of the Union
Pacific lines,, namely the Central Branch and the Denver South Park & Pacific, also report dimininished net,
though some other roads in the same section and also
forming part of the Union Pacific system, like the St.
Joseph & Grand Island, are doing quite well. In the
Middle Western section we have the gain on the Illinois Central, already specified, while the Toledo & Ohio
Central net is up from *16,340 to *47,6.59 and that of
the Lake Erie & Western from $65,468 to $83,8.33.
Some of the smaller roads also have very heavy ratios
The Flint & Pere Marquette records a falling
of gain.
off,

and

is

the only one so distinguished. In the trunkand the Wabash, the

line group, besides the Pennsylvania

new Big Four, Baltimore & Ohio, Ohio & Mississippi
and Grand Trunk of Canada likewise have very good
exhibits; the Detroit Grand Haven «& Milwaukee is the
onlv line with a

yet Earnings.

Grow Eamirvis.
1889.

1888.

t

t

1888.

1889.

1,933

12,949,393

Middle Western.. (13
Northwestern
(8)
Southwestern
ilOt

1,908,780

1,666,46:1

5,430,583

4,977,59.^

3,815,993

3,880,65i-

PaclBo systems.. ..(18i
Southern roads
(26»
Coal companies. ...(10)
Eastern & Middle.. (8)
Mexican roads
(8)

11,038,S;23

10,135,37-.

$
4,729,813
706,841
1,930,450
1.171,196
4,337,602

5,796,899

5,138.30:

1,959,870

4,033,087

3,835,33.-

1,801,493

lines

Total, 103 road»

Jan.

1 to

Aug.

.

Inc. or Dtc.

1,840.697

1,780,183

711,246

772,082

677,280

209,880

t
3,958,518
478,788
1,223,287
937.054
3,845,844
1,712,251
1,661,885
688,803
179,124

"48,968,^ 45,020,559 17,757,991

14,479,383

+3,278,609

22,987,850

-H!4a,247

(10)

li..31

1

+771,287

(7)

79,749,095

Total, 97 roads.... 293,163.5W

77,749,667

!80.40fl,5-33

Den. South Park

Lines.

23,830.097

92,516,711

&

Pac.

Houston & Texas Cent.

& Southw'n.
Man. Alma A Burl.
Lear. Top.

CleT, Cin. Chic. & St. h.*
Grand Trunk of Canada. Rio Urande Western.
Chic. AGranrt Trunk," St. Jos. A Qd. Island.
Det. ).r. Haven A Mil.' St. Loais & San Kran.
N. V. lake Krle A West.

-1-247.419

-1-139,603
-f 22,443
-1-30,568

81.768,927 +10.747.7S4

{consol. system.)

Petersburg.

Richmond A

Wash.
Rich.

.V

O. & W.
Peter."burg.

Shenandoah Valley.

Pre.-cott & Ariz. Cent.
So. Puc.— Pac. Hystem.

Gal. liar.

&

S.

Voal Companies.

A.

Western.
Morgan's La. & T.

IjOuIs.

Ohio.*

N. y.Tex.

Lake Krie & Western.

Buff.

AM ex.

Montsna
Ofcden

Tol. &. O. C, Extension.
Toi. Peoria & W.

A

Xorthwe stern.

A

Kpadlng.
PiitK. Cleveland & T<,1.
Pita. Painesville A F.
Pittsburg A Western.
Summit Branch.
Phila.

Ui.ion.

Syracuse.

Oregon Ity. A Nav.
Oregon Short Line.
Utttb A Nevada.
Utah * Northern.

Chic. Burl. & North.
Ch'c. Ban. A Ouincy.
Lines controllt d.
Chic. .Mil. & Si. Paul.

A Pitts.
New Jersey.

Uoch.

Central of

Texas A New Orlean?.
Union Paciflc.l

Scioto Valley.

Toledo Col. A Cin.*
Toledn A Ohio Central.

Eastern

Southern Roads.
A Yad. Val.

Knoxville

A

MtrMle.

A

AtlHntic.

Y. Ontario A West.
Northern Central.
Ron o Wat. A Ogdens.
.V.

New

to $137,000.

Orleans

The

& Texas

Pacific

from $115,438

Central of Ceorgia reports a reduc-

net from $144,277 to $80,486, but this is
due to heavy improvement expenditures, as the
Tho
gross was $82,798 greater than in .July last year.
other roads having losses are the Cape Fear & Yadkin,
the Vicksburg Shreveport & Pacific, the Kentucky
Central, the Petersburg, and the Richmond. & Peterstion

in

entirely

burg.

In the coal group we find a heavy loss in net on the
New York & Pennsylvania (on account of

Western

extra expenditures)

and

also a decrease

by the Sum-

mit Branch and the Pittsburg Painesville & Fairport,
but very satisfactory returns by the Central of New
Jersey, Pittsburg & Western, Buffalo Rochester &
In
Pittsburg, West Virginia Central and other roads.
the Eastern and Middle group, the Baltimore & Potomac,
Staten Island and Northern Central fall behind (the

amount), while the others record
improved results, the Allegheny Valley and Rome
Watertown & Ogdensburg having particularly done
well.
Of the Mexican roads, the Central this time
shows a small loss, but the National again has a heavy
gain.

COTTON PROGRESS AND PROSPECTS.
Following up our investigations as to the progress the cotton plant has made and the prospective yield as indicated by
its condition at the end of August, we are now in possession
of reports from the various sections of the South which permit us to make the subjoined analysis.
First, as to the weather, our returns show conclusively that
the temperature has been below the normal of a series of
years almost everywhere, but the principal effect of this has
been merely to delay the maturing of the plant. In the review for July we stated that the rainfall had been excessive
over the greater portion of the Atlantic States, and the same
remark applies for August, although not to so gi-eat an extent.
Elsewhere the presipitation has been about as desired
in fact the conditions, on the whole, have been quite favorable, barring cool nights and morning.^.
At one or two points
in Louisiana and Mississippi damage from di-ought is claimed.
The plant has made only fair progress in portions of the
Carolmas and Georgia, but along the Gulf and in Arkansas,
Tennessee and Texas the development has been very satisfactory generally, although outside of Texas and some other
favored districts cotton is later than last year by from ten
days to two weeks. Tho reports from Tennessee show that
there has been material and rapid improvement during the
month. In Texas the plant is stated to be more advanced

and better fruited in the Yazoo Delta (the richest cottongrowing region in the country) it is better in every way,
while from Arkansas come reports that although the plant is
not so well advanced as last year, the prospect generally was
never better. Here and there in the different States are sections where the plant lacks vigor, but in by far the greater
part of the South it is strong and healthy.
;

Ttondt.

^Mexican National.

but Callfo-nia Southern.
the system not SHpanitely given In this or other

in, a'l

1 Including that part of

Valley from a deficit of $.5,419 to net of $20,813, and
Cincinnati

Cultivation has been as thorough as usual still, wliere rain
has been excessive the fields are certain to be grassy to an extent.
Worms, caterpillars and rust have made their appear-

Staten Island.
West Jersey.

Mexican Central.

iLoulsviileA Nashville.

For the mnnth only.
Inc:u<Ilng whole syat

(^araden

Mexican

Ohi<'.

Kentucky Central.

Denver & Hio tjrande.

A

Alle^neny Valley.
Baltimore & Potomac,

Central of (JoorgiH.
<*hos. A Ohio.
Ches. Ohio & Southw'n.
cm. N. O. A Tex Pac.
New Orl. A Northeast.
Vlck-burg A Meridian.
Vicksburg Sh. A Pac.
Bast Tenn. Vn. A Ga.

.^outJtwe-ttem.
Atchi.« n Top. & 9. Fe.*
Centra! Br. Union Pac.

mond & Danville from $213,372 to $242,373, Xorfolk
& Western from $1.5.5,903 to $178,208, Shenandoah

;

I^ykens Valley.
WeBtern N. V. A Penn.
West Virginia Cent.

Cape Fear

Keoknk & Western.
Mllwaiikee & Nurlhcrn.
Minn. & 8t. Loiii*.
Wisconsin C.-otral.'

t

West. North Carolina.

Pacijlc Systems.

Illinois Central.

Kanawha A

Danville.

Virginia Midland.
Char. Col. A Aug.
Columbia A Greenville.

CaJ-fornta Southern.
Canadian Pacifle.
Northern Pacific.
Oregon Imiirovera't Co.

Middle TT'fsfern.
Cln. J^ek. &Muck.
Cleveland A Canton.
Cle^elard & Marietta.*
Pet. liay City & Alpena.
Flint & Pere Marquette.

Louisv. N. Orl. A Texas.
Nash. Chat. A St. Louis.
New Orleans A Gulf.*
Norfolk A Western.

Ohio Hiver.

Ohio & MIsssisBipi.
Penns%Ivan a.

Wabash

to *188,4.30,

4-891,938

NOTE.— Included under the head ov~
Trunk

«1.52,44.3

$125,.394 to $205,000, Rich-

-1-234,142

Middle Western.. (10 12,682,777 11,169,752 4,346,840 3,143,489 -1-1,203,351
Northwestern
(7i
38,732,422 29,797,765 10,373,068
4,898,910 +6,474,158
Southwestern
4,891.916 +-1,778,203
(10) 2,'j,t33,028 23,411,5=5
6,470,119
Paciac systems ....USi 65,680,629 65,056,676 21,747,075 21,587,894
+159.381
Southern roads.. ..(35; 38,6.54,55« 35,376,023 12,I31,OT4 11,2:M,72i
+ 895,664
Coal companies. ..(10) 23,759,711 23,162,143
8,878,26a
-219,420
8,858,842
Kastern & Middle. .(8) 10,095,3*
-49,367
9,939,457
8,115,133
3,164,500
Mexican road.s
(2)
5,725,99
1,180,588
+863,577
4,743,528
2,044,163

B. &0.. Eastot Ohio.
B. 4 0., West of Ohio.

Tennessee from

& Ohio from

-1-231,053

-f707,I63

1.

Tmnkllnes

Chesapeake

latter only to a trifling

loss.

July.

Trunk

t559,.346, East

357

ance at various poirits, but we hear of no especial damage
from them except in limited areas in Georgia. Alabama,
Mississippi and Louisiana.
New cotton is coming forward

more freely than last year, but the greater part of the arrivals
Southern roads do not show a specially heavy degree are from Texas, where the crop is more advanced than in
of improvement, yet there are some noteworthy gains, 18S3.
The foregoing represents the outlook on the first of .Septembesides which it is to bo remembered tliat this is one of
ber and seems to warrant the conclusion that the crop of
the very few group.? which a year ago increased their
1889-90
one. Certainly the indications
sections.

net.

Louisville

&

Nashville net

is

up from $479,599

to

will be a very large
are for an increased vield in Texas and a

number

of other

—
,

THE CHRONICLE.

358

have been
Since the first of September the conditions
further improvement is noted
quite uniformly favorable, and
The heavy rains
in some States, particularly Tennessee.
no appreciable harm beyond interNorth Texas last week did
etc.
rupting picking. There are few complaints of worms,

Statee.

m

[Prom our

o\irn correKpondeiit.]

London, Saturday, September

7, 1889.

Contrary to general expectation, rates in the outside market have declined this week. Although much of the money
borrowed from the Bank of England last week has been
repaid, short loans have been made freely at from 2 to 2}4
per cent, and the rate of discount is rather under 3)^ per cent.
It would appear that the inten-uption of business caused by
the strikes is diminishing the demand for banking accommodation. Further, there has been no settlement on the Stock
Exchange this week. And, lastly, Continental bankers are
actively competing for bills in London.
The withdrawal of gold from the Bank of England has conDuring the week ending Wednesday night the net
tinue<l.

amounted to £33,000. On Thursday there was a net withdrawal of £74,000, and early next week it is expected that a
large amount will be needed for Brazil. The premium on gold
at Buenos Ayres, too, wliiich last week declined, is again rising
The fear, therefore,
this week.
It is now about 85 per cent.
that a large demand for the Argentine Republic may spring
loss

again strong, and there is much uncertainty as to
New York also may not require gold. Meantime, the
Imperial Bank of Giermany has raised its rate of discount to 4
per cent, and its rate of interest to 5 per cent, the same
charges as are now made by the Bank of England,— so that
there does not seem much probability of getting gold in any
considerable amount from Germany. In addition, Paris Ex-

up

is

whether

—

change upon London is declining instead of rising. It was
hoped that as soon as the " liquidation" at the beginning of the
month was over gold would be sent to London in considerable
amounts; but the hope has not been realized. The position
therefore,

is

Bank

as unsatisfactory as ever, especially a? the reserve
of England barely exceeds 13 mUHons sterling

[Vol. XLIX,

and the presumption is all the stronger because of the
which exists in Italy in regard to France. There is
a strong party, likewise, both in Belgium and in Switzerland,
that is in favor of the .single gold standard. At the same time
there are very substantial reasons why Italy, Belgium and
Switzerland should renew the Union. The greater part of the
silver coined by these three countries is in circulation in
France. But if the Union comes to an end they must pay in
gold for half the excess of their silver in France over French
silver in those several countries.
It is estimated by official
statisticians in Belgium that tlie Belgian five franc pieces circulating in France exceed the French live franc pieces circulating in Belgium by nearly 13 millions sterling. If the estimate be correct, Belgium, in case the Union is not renewed,
will have to pay in gold nearly 6 millions sterling to France
when making the change regarding silver. It is not known
ard;

ill-feeling

how much

Italian silver is in circulation in Fi'ance, but

believed that the excess in her case
in the case of Belgium.

It

is

would be

very

much

difficult

it is

greater than

for Italy to find

upon to pay to
So evident is this that some of
the serai-ofiicial Italian papers ai-e contending that the obligation upon Italy to do so is not binding. The contention, however, can hardly be regarded as serious.
The great strike still continues. Last week the joint committee of the London Docks conceded in principle the demands of the men that outsiders should not be paid less than
two shillings a day for any extra job, and that contract work
should be abobshed; but they refused to raise the rate of
wages to sixpence an hour for regular work and eightpence
an hour for overwork, and they still persist in the refusal.
The laborers, on their side, decline to resume work until
the increase of wages is granted.
In the meantime, an
arrangement has been arrived at between the leaders of the
strike and the owners of wharves along the riverside at
which vessels can be loaded and unloaded. The wharfingers
conceded all the demands of the men, and several thousands
of laborers have ah'eady resumed work. With reference to
the dock laborers, as the strike continues the irritation of
shipowners with the joint committee grows in intensity.
the

amount

France

if

the

of gold which she will be called

Union breaks

up.

They demand that they shall be allowed themselves to load
and unload their own vessels, and settle with the men directly
British Mint has ceased buying silver this week, and the terms at which they shall work. The joint committee rein consequence there has been a slight fall in the price. But fuses to allow them. Naturally, this has excited considerable
as remittances are required for India, very little more decline resentment, as the shipowners are suffering much loss, and in
of the

an

is

entirely inadequate

amount

at this time of the year.

Tlie

many

expected.

There

much

amongst bankers herewith the
instructions given by the Chancellor of the Exchequer to the
Bank of England to pay out as much silver as possible and to
refrain as far as practicable from issuing half-sovereigns.
Bankers complain that the withdrawal of half-sovereigns and
the increase of silver coins impose upon them additional clerical labor.
To this the Chancellor of the Exchequer replies
that half-sovereigns are chiefly needed to pay wages; that as
soon as workingmen receive gold they have to change the coin
•with the shopkeepers with whom they deal, and that his decision, therefore, is in favor of the great mass of the peo])!o
and imposes no serious disadvantage upon bankers. Tliere is
another objection, however, urged by bankers, which has considerable force. As long as trade is active and the internal
circulation is increasing, they say, the silver which is paid out
to them by the Bank of England is readily absorbed in the
is

dissatisfaction

cases are compelled to send their vessels to other ports.
attempt will be made in the next session of Parliament, it
is understood, to obtain for the shipowners the right which
they claim, and if it fails, it is probable that we shall see a
new dock constracted here by the shipowners.
The stagnation on the Stock Excliange grows worse and
wor.se.
The great majority of the members are absent holiday-making, and the principal outside operators are also

An

away. As an illustration of the state of affiairs in the
market for American railroad secui'ities, it may be worth
while to repeat a remark made a day or two ago by a broker.
" In ordinary times," he said, " I have often bought 15,000 or
But to-day
20,000 shares without anyone taking any notice.
if I were to buy 1,000 shares it would be known all over the
Exchange within half an hour. As the shares would have
to be obtained in New York (there being scarcely any stock
here), it would soon be reported there also that the English
channels of trade; but as soon as business begins to fall off, sil- were buying." In the market for home securities the strikes
ver will be deposited in large amounts with the country bank- and the uncertainty regarding the money market have added
ers, and the Bank of England will not be willing to take it from
And in the Into the natural dulness of the holiday season.
the bankers. They will, therefore, be obliged to hold large ternational market people aie waiting for the result of the
amounts of a metal which cannot be profitably employed by French elections, to be held a fortnight from to-morrow. The
them. Hence, they are urging upon the Chancellor of the delay of the Czar in returniug the German Emperor's visit,
Exchequer that some arrangement be made by wliich the too, is increasing apprehension in Berlin. And, lastly, Italy
bankers would be enabled to pay either to the Bank of Eng- is passing through a severe financial crisis. Tlie inirnediate
land or to the Government any surplus silver which they may cause of the crisis is a reckless speculation in land and houses,
not require.
especially in the large cities. But the remote cause is tlxe unTilts week representatives of the five States forming
the wise policy of Italy in adopting a hostile attitude toward
Latin Union— France, Italy, Belgium, Switzerland and Greece France and breaking off the French commercial treaty.
—have met in Paris to negotiate for the renewal of the Union. Formerly it was always possible to obtain capital in Fi-ance
There is much anxiety in France as t<i the result. When Italy for every Italian enter])riso. But lately Frencli capitalists
TBHumed sjjecie payments a few years ago she did so chielly in have been withdrawing their money from Italy in so large an
gold. It is estimated, indeed, by M. Ottomar Haupt that
the amount that the Italian banks are no longer able to supiwrt
total circulation of legal tender silver coins in Italy
does not the speculation, and neither iu this country nor in Germany
exceed 4 millions sterling. Therefore, it is assumed that
Italy or Holland are they able to to obtain the accommodation
intends to give up bimetallism and adopt the single gold
stand- which formerly was extended to them by France.

,

1

.

September

Exports.

1887.

£

QOTarnment

24.137,429
14,521,400

14,0»«.712
19,171.812

19,V83,151

21,033,133
I2,U83,868|

12,419,^^7

11,«77.518

30,903,

30,839,888

43M
4 P.O.

9fl

Sat.

3

15-lB

51, -508

9.S>i

p. 0.

Hon.

Tua.

Wed.

Thurt.

119^

120

119%

55%

55I4

Philadelphia A Reading. 24 -'8
Ill's
Hew York Central

24I4

24

23%

11139

111

IIII4

Pennsylvania

55%

,»)5i«

120 ifl
5?.i8

23%
111

37,706

42,429
751,517

$313,360 $14,^.20,421
522,200
8,870.875
8,073,191
209,072

Totall889

$38,240
51.430
45,875

$1,04.5,880
1,311,836
1.41.8,502

— Mr. C. P. Huntington, of the Southern Pacific, finds tira
his arduous railroad affau-s to contribute something t
the cause of humanity in his valuable suggestions looking t
the suppression of the slave trade in Africa. Mr. Huntington
has had reprinted from Seribner's Magazine for June an
article on slavery in Africa which gives full information
regarding the wretched trade yet carried on by the Arabs, and
few
this reprint together with an excellent map and "
words to Ameiicaas," by Mr. Huntington himself can be
obtained at his office, 28 Broad St., in the Mills Building.
Whatever Jlr. Huntington says in words we doubt not he
wUl fully back up with substantial means and effort, and it is
cause for congratulation that he has aroused public attention
to this great crime against humanity. The most notable explorations and discoveries of this generation in Central Africa

among

—

—

A

have been made by an American, who is even now approaching the East Coast, after a long and perilous jom-uey; another
American has just laid bare, at the risk of his life, the terrors
and cruelties of the political and criminal exile system in
Siberia; and it would be a glorious crowning of these heroic
efforts if a third American should take the lead in crushing
out and forever sweeping from the face of tlie earth that

Fri.

42«iB
O'^ia
977.°

120

UlinolB Central

190,002

Total 1888
Total 1887

84,352,000

42ifl
429, „
421a
421a
429,6
97
9016,0 9613,6 97
971,6
Consols.new 2'4percta.
96is,„ 97
97 18
9T<,.
971,,
for account
do
i'S5-70
IVoh rentes (In Paris) f r. 86 -171a 85-52ia 85-45 85-.'i2i2 8507I3'
108
108
108
108
lii8
108
V. S. 41^8 of 1891
130
130
130
130
130
U. B. 4b of 1907
7OI4
6934
(19
69%
70 >a
Canadian Pacittc
74^8
74=8
74%
ToiSs
74^8
75%
Chlc.MU. & St. Paul,...
30i«
29-'8
30 14
so
3038
30^
common Htook..

Erie

598
973
111.227

'"ibid

14"r.382

South America
Ill other countries...

Euslish Financial Markets— Per Cable.

d,

$87,698

SJip.o

p. c.

163,107,000' 120,004.000 114,453,00lj

London.

Since Jan.l,

Week.

1,075
138,081

The daily closing quotations for securities, &c., at London
are reported by cable as follows, for the week ending
Sept. 20:

Bllver, per oz

1.

$308,360 $13,577,98
171,300
5,000

areat Britain

25,104,888
25,600,012
26,736,023
1886.
1887.
1888.
1SS9.
week. 318. 2d. 368. 4d. 298. lid. 333. Id

Aver, price wheat

Importt.

Since Jan.

Week.

The wheat figures of the season are now complete, and the
contrast of imports and home production sold for 1888-89 with
previous seasons is as under:
1887-88.
1886-87.
1888-89.
Gross imports—
12,1127,30
11,921,815
cirs. 14,283,.'557
Wheat
5,0'.i!i,lt)6
5.U54,495
4.789,689
Flour iaa wheat)
6,( 08,4 21
7,923,702
7,662,777
Native wheat sold
Total

21, '207,371

»ll,6.'.o

Silver.

21.211,936
46 15-16

W

44>«

4

Consols
Clearlns-Honse retarn

$4,778,280
5,130,423

12.157.356

P. e.

rate

358,-50
3,623,457

Exporti,

12,730,013
19,296,4 SO

20,Ha7,768

50.013
119,369
645,092

$144,080 $46,461,831
21.370 18.790,353
6,'289,074
5,100

countries. .

2,485,741

4.281.7>3|

271,1,86

2,000

"8,250

142,680

Total 1889
Total 1888
Total 1887

21.915,6701 S3.237,983

14.7i'.0.892

seourltiei

3,553.075

24,'; 98.306

>

24,635,880

4, 590.1' 05

Other aecnrltles
ReserTeof notes and coin
Coin and bnlUun
Prop, assets to liabilities

Bank

\U other

$iioo

4,235.190
30,300
2,044.172
76,200

Mexico
jouth America

24,824,580

24,953,900

$380,634
1,461,801
1,849,352

,5,-.:73

i

24.712,340

$2,000 $12,351, 3P4
27,71n.805

areat Britain

1886.

B

Since Jan.l^

Week.

Since Jan.l.

Week.

last three years:
1688.

IvtportM.

Bold.

sunshine, though not as much heat as could be desired. Harto
vest is being rapidly brought to a close, and the reports as
the condition of wheat are more favorable.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,

1889.

359

EXPOBTS ANl> IMPORTS OF SPBCtB AT tOLW YORK*

the wliole the weather has been fine this week.
There was a heavy downfall of rain in some parts of England on Monday afternoon, but since then we have had bright

Upon

Clronlatlon
Pabllc deposltB
Other deposits

—

1

THE CHRONICLR

31, 1889.]

compared with the

6

.

blackest of human crimes, the slave trade in Central Africa.
Future generations can look back on these men and say
" Those were newspaper men."

— The

no

International

Loan

&

Tnist Company, of Kansas

City, Mo., has issued a neat little hand book entitled " Memorandum for Convention of American Bankers' Association"
meeting at Kansas City Sept. 25th and 26th. Tliis corporation
makes a specialty of short-time paper, guaranteed, and deals

55

24%

lUii

many

banks throughout the country.

©flmmercial aud Miscellaneous Mtvss

with

New Yobk City Banks,

Auction Sales. The following were recently sold at auction
by Messrs. Adrian H. Muller & Son

Boston and Piuladeli'iiia Banks,
B.MENT.
Foreign Tmaoe uf N. Y.— Monthly Statb.ment.

Fur these stale
ments see page
\

FOREIGN IMP0BT8 AT
1886.

For Week.

Dry Goods.

416 Bkln. City ER. Co

1888.

1

162.972,347

412,8^9,497

6,423,257

7,320.463

5

100 .So. Pilt8b.C'vCo.,Tenn. 17%
54 N's.sanO.-L.Co.of Blyn.llSifl
33 N.Y. Mutual Ga3-Lt.Co.lii3i«
7 Standard Oil Trust .. .17513
SONatl.B'dw'y Hk.ofN.Y.30013
....
.„
... .•
41 United N.J. RR.&Caual
227"8
Co.'s
lOOLaCr'se&Mllw.RR.Co. $1
.

71i«
3 Parii Fireliis. Co
10 Natl. Bk. of Commerce. 19
10 Amphlou Academy Co. 93

$2.173,6f9
6,302,039

$9,395,604

$10,185,960

$8,475,728

«186,517,«3-l
.

10
7

*90.848,215
244,603,632

$95,747,444
239,727,393

$98,746,317
261,291,687

224,834,214

$9,000 Sag'n'w Tuscola & Huron RR Co. 1st 6». 1921... 98
$2,000 IJiush wick RR. Co. of
Bronklvn Ist (is. 1902 ....IO411
$4,000 Elizabeth ClIyitNnrf.
K.R. Ci. 1st 6sTr'8trec'pts,
without ih-Fuud. Int. B'lU. 2513
$1,00.) El zaheth Cify& Nor'.
RB. C I. l-'t 68 Trust rec'pt,
with Fui'dcd ii'ter.st Blind. 31<a
$1,000 N. Y. Club (is. 1908. ..100%
,$1.5,1100 Z:iiic«vill» \(). River
..
R'vC... 1st (!s, 1916
80H
$1,000 31 Av.RK. Co. 7s, '90.102
MBUiborshiii Importers A Griv
oers' ExchaDfjc of N. Y'
$77 50
.

|5auTilti0 atttX Ifiuattcial.

1889.

1.

Qen'l mer'dlse

16
15

I7OI9
Wmiig. C'yFire Ins.Co.3<>5
Wmbu.G.ia-Light Co. ..122
N.Y. Eiiuiiable lu.s. Co 110
&tU Mail. Bank of N. Y.155
Park Fire Ins. Co
69

TOKK.

$9,285,449

Dry Goods

Jinvds.

f-hares.

$2,781,400
6,503,959

.^

Qen'l mer'dlse..
Total
Since Jan.

NEW

1887.

:

369.

Imports and Exports for the Week.— The imports of
last week, compared with those of the preceding week, show
a decrease in both dry goods and general merchandise.
The total imports were §8,475,728. against $9,754,466 llie
preceding week and 510,426,979 two weeks previous. The
exports for the week ended September 17 amounted to
last
week and $7,876,301
|6,177,:320, against $7,985,467
The following are the imports at
two weeks previous.
New York for the week ending (for dry goods) September
12 and for the week ending (for general merchandise)
September 13; also, totals since the beginning of the first week
in January.

—

Total 37 weeks. S311. 352.048 $333,451,847 $335,474,837 $310,038,004

Spekcer Trask &

(^o.,

BANKERS.
Now. 16 and 18 Broad Street,
ALBANV. N. Y.: SARATOGA. N. Y:

New York

City.

PROVIDENCE.

B.

I.:

TKAMSACr A OEMSRAI- BANKING BUSINESS.
Special
All cla.sse.s of Securities lioufilit and Sold on Commission
attention t'iven to Investment Securities. Direct wire to each oltlce
and to Philadelphia, Boston aud Chicago.

The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the WB OWN AND OFFER
week ending .September 17 and from January 1 to date:
E.V['ORTS FROM NEW YORK FOR TUB WEEK.

specie)

$250,000

Denver, Colorado, 4 p.c.l3ond.s,

1886.

For the week...
PtoV. reported..

Total 37 weeke.

*7,' 00,142
215,833,9,">?

1887.

1888.

1889.

$6,177,320

.$6,220,843!
$5,371,080
212,604,2321 199,894,991

238,'293,113

*223,43MOO $218.825,075!$205.260.671

Ii2t4.470.43 3

The following

e

shows the exports and imports of speci
at the port of New York for the week ending Sept. 14 and
since January 1, 1889, and for the corresponding periods in
1888 and 1887:
table

IntTcst payable semiMafuring IflOt, optional after 1899.
annually, at the Mercantile Trust Company, New York City.
*41. 561.000
Tax value of property
ifluO.OnO.OOO
Real VMluatiou
lf650,0C0
Total bonded Indebtedness
(Including this Issue.)
„„„
125,000
Population
Price and further partioulars on application.
S.

A.

KEAN &
BANKERS.

CHICAGO.

lis

CO.,
BROADWAY, NEW YORK.

. .

:

,

.

.

IHE CHRONICLE

360

bills

'ght gaukers'

were

Francs,

:

Dl VIDKNDSi
Ptr
Cent

Railroads.
Clev.au.Clik-.A- HI. L. prof, (quar.)

Evnus.
K. y.

A-

1>4

Tirri- llunli- (qiiar.)
llav. A- H. (quar.)

Xfw

Orcgou KiilhvnyA- Xav. (quar.)..
jniM-ellaiieous.

ijiC'MSi't'e

)

Oct.
Oct.
Oct.
Oct.

Sept. 21 to Oct.
Sept 21 to Oct.
Sept.'

22 to Oct.

'Oct.

1 Sept.

21 to Oct.

1

to Oct.
1 to Oct.

15

21

I

89

S8i-2'?4

i5

iTiaas le's
40i4®405,a
9514^9538

I

United States Bonds.— There has been very little business
Government bonds at the Stock Exchange ami prices are
Tlie offerings of bonds to the Treasury have
still unchanged.
been more liberal than last week, and consequently the acceptances by the Secretary have been larger, reaching §2,519,050 for the week, at the usual prices.

II9
1

2

Oct.
Oct.

1

Sept.

1

2.5

15 Oct.

The statement

monev, but as a general rule there is not much apprehension of a 'stringency that will seriously mterfere with

4K

rates for

for this
Per

CmU

week

t47,S00
218,000
157.500]

150.000

Tharsday...
Friday

m

71,000^
520,000'

—

68,450'

105?i

71,000
520,000

. .

$18,000

lO-.M

152.500
15).000

Monday

4 Per

30,000
421,850
222,100
616,000

106H
lOiH

CenU due

Offerings. Purch^es

WSH

147.800
818.000

B^itordar

as follows:

Prices paid.

Tuesday
Wedn'sday.

N. cut and the joint tariff with Lehigh
Valley for through rates by lake and rail from St. Paul to the
and
sea coast has been the chief topic for comment this week,
checking the bull temi)er of the market.
has had its effect
But the trouble to arise from any single instance of rate-

&

is

due 1891.

O/erina*. Purch'a
|

last C. B.

40%

4

"

.

\VAL.L, STKEKT. FRIDAY, Pepl. 20. 18S9.-5 1'. M.
The Money Market and Financial Situation.—There
owing to the higher
is some hesitation in stock operations,

The

reichs-

in

CoiumeiTial C'utilf (qiinr.)
Coustil. KkH-tricLlKht (quar.)
Equitable Ga.< Lltfbt

business.

:

Demand.

Bixly Oayn

Septemhtr 20.

(THiyt

yable.

11%

5

Prime bankers' sterling bills on London. 4 Siig 4 S5
Prime commercial
|4 82:%»4 83
4 32%«4 8;>
Documentary commercial
5 20»8*5 20
Paris (francs)
40iia«40'6
Amsterdam (ffiiildcrs)
94°8'"94%
Frankfort or Bremen (reichmarks)

Boohs Oloied

TThen

P

and

20

5 80'>8'a5

marks, 94?^^943i^ and 95%\ guilders, 40i^!j40K and
@40i^.
The rates of leading bankers are as foUow.s:

^ajerettje.

Th* followlnK dl\iden(U Uavo roccntly Iwen gnnoanced

Xameof Company.

XL IX.

[Vol.

118,000
61.800
30,000
421,850
222,100
eiB,')00

1907.

Prices pai4

128
ims
123
128
123
128

cutting like this should not be over-estimated, and with the
128
1,376,400 l,35ll,7o0
1,161,300! 1,159,300
..
Total.
present disposition of Western railroad managers and the
The closing prices at the N. Y. Board have been as folio ws
large amount of freight to be handled by all the roads, it
seems highly probable that the earnings will be well kept up
in future months.
Sept.
Sept.
Sept.
Sept.
Sep'.
Interest] Sept.
18.
19.
20.
16.
17.
Periods] 14.
The conditions of trade throughout the coimtry seem to be
good, and the iron trade particularly is rather a surprise to
4128,1891. ... ...reg. Q.-Mch. *105% *105% nOS^i *105:!i 105 4t *105%
those who were looking for great depression about this time. 4138,1891.... coup. Q.-Mch. 1*105% *105% no,2% no.i^j *10534 •105%
'127
*127
'127
The demand for iron and steel has kept up so well that not- 4s, 1907
127 ;*127
...reg. (J. -Jan *127
'128
12314 '128
12778
128
.coup. Q.->Jan. *128
withstanding the decline in railroad building since 1887 the 4s, 1907
•118
-118
•118 *118 *118
reg. J. & J. •118
look- 6s, cur'cy,'95
iron manufacturers are doing a large business and are
'120 *120 '120 *120
reg. ;J. & J. •120 ;«i2o
would be better 6s, cux'cy,'96
ing forward to its continuance, though they
*123 -123
123 '123 *123
reg. J. & J. •123
68, cur'cy,'97
In our export pro- 6s, cur'cy,'98
*126 *126
126 '126 *i26
satisfied, of course, with higher prices.
reg. J. <Ss J. 1*126
*129 1*129 1*129 •129 *129
minimum, and when 6s, cur'cy,'99
reg-lJ. & J .*129
ducts, the prices of all cereals are near a
the foreign markets understand that bottom figures have been
* This is the price bid at the morning hoard
no sate was made.
reached, their buying orders should increase.
State and Railroad Bonds.— In State bonds there have
on recent changes of membership or the
The prices paid
of sales of Tennessee bonds of different classes,
prices bid for seats in the different Exchanges in New York been a number
but aside from these State securities have been rather dull.
and other cities have been approximately as follows
The sales of the week comprise the following: Tennessee
EXCHANGE MEMBtKSIllPS
settlement 6s at 1083^-9; do. 3s at 1i}4,-Ji\ do. compromise bonds at 78-J.2; South CaroUna 6s, non-fundable, at
Stpi.
Sept.
1888.
1889.
m-Va'- North Carohna consol 4s at 97; Virginia 6s deferred,
.

.

.

,

.

1

1

I

I

;

:

New Yol k stock Exchansc
New York Coasolldated Stock and Petroleum Exch.
New York Produce Exchauge
New York Cottou ExcliauBe
New York Coffee E.xchauge
New York Real Estale Exchange & Auction Boom..
Boston

."lock E.vcIiiiiiKC
I'bil,\delphiii Htock Exchange
flilcatco Board of Trade

Nominal

*

$21,.500

750

1,550
1,200

ti-usts receipts, at 9.

$22,000

825

1,100

725
eoo

675
1,100
12,000
'2,600
l,.5O0

Railroad bonds have followed the course of stocks and
The marfallen off considerably in volume of transactions.
ket for the week has been rather dull and without any feature
of special importance. The tone has generally been a little
irregular, though plenty of firmness has been exhibited in certain classes, and the changes have been very slight.

1,220
11,00(1

2,600
1,100

Railroad and Miscellaneous Stocks.— The stock market has
been dull this week and inclined to weakness in spots, the
confident tone which prevailed for some time past having
given place to a feeling of uneasiness in connection with the
Western rate situation, and in some degree as to the money

price.

The open market rates for call loans during the week on
stock and bond collaterals have ranged from 3 to 6 percent,
and to-day the rates were 4.g 6 per cent. Prime commercial
paper is quoted at 5® 5}^ per cent.
The Bank of England weekly statement on Thursday showed
a loss in specie of £58,000, and the percentage of reserve to
liabilities was 42v')2, against 42'29 last week; the discount rate
remains unchanged at 4 per cent. The Bank of France lost
3,7.50,000 francs in gold and 3.400,000 francs in silver.
The New York Clearing House banks in their statement of
September 14 showed a decrease in siu-plus reserve of $2,993,000, the total surplus being $5,134,775, against §8,127,375 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years
the
averages of the New York Clearing House banks

Predictions are common that there will be some
tightness in money before the return flow of currency from
the West, and rates have ruled higher this week, though not
getting beyond 6 per cent. The Treasury Department is
looked to for relief, but while the purchases this week have
been larger than last they have not been heavy enough to affect
the money market materially. In addition to this influence more
attention has been given to the rate situation as affected by
N. in reducing through rates. Local
the action of the C. B.
rates between Chicago and St. Paul have been reduced by
nearly all the lines involved to the basis of the proportion of
N. And the Lehigh Valley has
the through rate made by C. B.
N. on through business
issued a joint tariff with the C. B.
via lake and raU. These matters have given the bears a new
opportunity to attack the market, though their success is to
be seen more in a general halt than in any material declines.
Northern Pacific affairs have come up prominently again, •
and the different phases from day to day have caused wide
fluctuations in (he preferred stock, ending with lower prices today after the directors' i)lan in regard to the §160,000,000 mortgage was finally announced; although this was probably be-

market.

&

m

&

:

1889.
Sc,j(.

Surj'lUH

and

1888.

1887.

Sept. 15.

Sept. 17.

$
5,000

60,762, .700
49,781, .000

dlsc'ts. 1409, 703, 200ilne. 2,870,900 391,88Pi
74, 330, 800 Deo. 2,141,500 79,773,

Bm'cle
Circulation
Net depoaita
I.egal tenders

held'.

. .

Surplus reserve

500 347,09(3,100

300 68,931.000
11,200
7,895, 500
8,128,()()0
424, 308, .loo Dec. 263,600 407,588, 500 342,880.500
36, 875, lOolDeo, 917,000 34,547, 400 20,608,200
106. 077, 125Dec.
6.'i,900 101,897, 125 85,720.125
Ill, 211, 900 Dec. 3,058.500 114,320 700 89,539,800
3, 9-5,

liCgal reserve

BcBcrve

rrev Week

60, 762, 700
m, 625, lOODec

Capital
Ix)aiis

Diff r'ne's fr'm

14.

.

700 Ine

5.134,775|Dec.2,992,6O0i 12,423.575

Exchange.— There

cause tliere was less chance ,of an artificial support being given
to the stock, rather than from any disapproval of the plan.
Another important development in railroad affairs was the
announcement of an issue of, 05,000 shares of Richmond Terminal stock to purchase 20,000 additional shares of East Tennessee 1st preferred. The old stories in regard to the New
Haven Road buying up the New England Road were revived,
but api^arently without any foundation, and New England
stock first advanced and tlien declined again. The coalers
have been somewhat firmer than most other classes, and Jersey Central had a quick advance of li,< on Thur.sday morning,
and to-day touched 121 " buyer 3." Ttere has been the usual
talk of a large combination or trust among the coal-mining

3.819,67.-

much animation in the sterling exdemand havinjg been light throughout,

is

not

change market, the
with a declining tendency in rates. The weakness is due princmally to the offerings by arbitrage houses against purchases
of stocks for foreign account and the transfer of securities to
the London market, where it costs less to carry them, owint;
the high rates for money prevaiUng here. Posted flinuehave been j-educed to 4 BAy^'ii 8.5 and 4 88J.^(a4 89.
To-day the rates on actual business were as follows, viz
Bankers' 00 days' sterling, 4 84;|: demand, 4 87V(a4 8S
Cables 4 88>^. Commercial bills were 4 82^.
Continental

&

to.

•

'

soinpanies.
In the trust stocks there was not much activity until to-day,
wlien Sugar and Cotton Oil were quite weak on free sales, the
former selling ex-dividend.

8

.. .
.

September a I,

THE CHRONKJLK

1889.]

STOCKS--PRICES AT

861

STOCK EXCHANWE FOK WEEK ENOINU SEPT.

N. Y.

so,

AND SINCE

JAN.

1.

Range Sluce Jan.

188A.
1,

1480.

STOCKS.

KK.

Artive

&

AfclUson Top.

&

Athiutio

Stockii.
Sauta Fe.

07% 08%
54 14

Central of Sew Jersey
Central Pacillu
Clicstipeake itO.— Vot.Tr.ccrt.
do 1st i)ref..
Do

Do
do adpref...
ChicaKo BurlinKton & Qiiincy.
CUicago it Eastern Illiuols...
l>ref .

Do

pref.

Do

&

St. L...
P''**'-

2413I

30

36

liUHi'

115

II312 llS'e
1421-2
102i<j

*13
*39

143
103
I8I2

»35i2

40
30

100 101
75
75
101 '8 102

3()

6«i8

55
I

42 12

971a
72'8

114%
II318

Do

Ist pref.

Do
2d pref.
EvansvUle & Terre Haute
Green Bay Winona & St. Paul.
Illinois Central

Lake Erie

>S£

Do

(HiH

661-2

Western

64 14

65

& Mich.

Now York Chic. & St.
Do
Do

•08
•37

New York Lake

Eric

Do

i)ref.

& West'n

Do

pref
Mississippi
Oregon Sh. L. & Utah North..
Oregon &Tran.s-Conclnental..
Peoria Decatur & Evansville.
Phila.ife Head. Vot. Trust. Cert.
«t

8I2

341a
•18

34 la
19

19
5012

33
72»s 75 la
23% 24
55
55%
34=8
33

46'8

471-2

23% 24
*81ia

•80

82

99% 99%

*27i2

109
21 14

Uuion Pacittc

28
62

211-2

61% 63
3315

72 le

73 14

WiscouJiiu Central Co
lT|[Mcellaiic4»iiM >itock!^,

2914

291a

18

Gas Trust

Colorado Coal & Iron
Consuiidated Gas Co

33%
89% 89%
33

Delaware & Hu(1.hou Canal...
Oregon Improvement Co

Do

&

Oreeon R'y

Navigation Co.

Pacittc Mall
'

'

I

Adams

182

182

86%
'US

32I2

Alton
Bait

do

prof..

128

128

Denver * Rio Grande
r>o
do
pref.
Houston & Texan Central
Iowa Central

•31 la
1'4

*8ia
•231a
•31 la

prof

& Pembroke
Morris
Es.se.'c
New York New Hav. &

lis
•214
•18>4

•53
•90

104

Klngst(»n

34%
150

90

1818

18 14

II4

2%

Ohio Indiana it Western...
Louis Alton & Terre Haute.
Southern Pacilic Co
Til. Ann Arbor & N. ,M
Tennessee Coal M Iron
.

•40

St.

Trimt Slorks, &c
Susar

Itettne.rics

49
33 14

33

Co..

107% 108

bid ani

105

18%

18-%
5214

51

133
270

•11%

40

:

67,166

42

96% 97%

225
431

94% 94%

400
205
250

'114

116

200
525

29% 29%
6978

33
18'4

8%
351
I314

55% 50
32
32%
7414
23^8

75 14
24

55%
33% 33%

'55

23

712

22

40% 47%
22% 24
80% 81

18% 19

"2614

01% 61%
112
32

79% 79%

109

19% July

23,831

-6

700

Jan.
Jan.

100

19 Apr.
9
1,000 53 Mar.
05 104 .Mar.
100 24% July

2714

60% 60%
112%
32
80

79%Srpt.

33'.J

32^8

89%

57% 58
32% 33%
89

57%

5778

4,175

33%
88% 88%
152% 152% 133
33

128

180

1%

a%'

3%

!«%

•17%. 18
52
52
•2

314

•18
•51

-1%
•8%

4

8%

1%

8%

130

2%
414

18%
52%
3

9%

25
24% 24%i
31% 31% •31% 32

'23

12
•40
3314

34

127

1%

•3%

110
39
208
30

142

129%

9%
I

3;

151%131%!

275
12
43

275
:

83%

'11

43

34

279

13

•11

49

r45

33%
33% 33%
49%
33

40% 47%'

275

33

279

12%
49

33%

33% 3379
48% 49

109

73%
134

Jan. 10
Apr. 17

I

62

Sept.

Mar. 26; 140
2

Sept.

18%

20

Feb. 7
Feb. 11

June 6
4
6
5

June 18
Jan. 30

July 18

3% June 26

18% Sept. 9
52% Sept, 12
13% Jan. 2
10% Mar. 20

Aug, 5
July 18 29 14 Mar.
Jan. 4 32% Sept.
5 150% Mav
Jan
494 241% Jan. 7,279 Sept,
13% Sept.
5 June 2
350
44 Apr. 15 50% Feb.
2,506! 21% Apr. 9 3478 Juno
Jan. 28 33 14 Sept.
1,178; 21
17,710 31 Jan. 23 49% Sept.
87|
251

1,000 27
85 144

6

Jan. 16
Jan. 30

Jan. 2 153 Feb.
Jan, 10 1-2014 June
Jan. 4 95% June

% Apr.

7%

June 7

30% Feb. 11
92% May 28

Jan. 19 140

1

12
16

5
3
11
17
64% May 17
25] 28i4Feb.
30 30 Jan, 15
18 27% Feb. 13
26 81-% June 7
3 104% June 15
1
30 Juno 12
19l 6078 Jan.
2
18114% Jan. 12
17; 40% Jan. 14
19 95% Jan. 18
17,lll%Sept. 10
18 23 Jan. 14
67 14 Mar. 4
18% Sept. 12
34 '4 Sept. 9
7373 Sept. 12
30% Sept. 12

3
Apr. 3
500! 15% Mar. 18
1251 42i4Jan. 31
Sept. 11
1
3001

900

3

23

144%

3501

18

•23
'31

34

140 125

2%
4%

52

*1%
*8%

Sept.
Sept.
Sept.
7878 Sept.
21% Sept.
56% Sept.

1

89%

18

19

56%
30%

2,609 130 Mar. 18 156
100' 4214 Apr. 5; 73%
80' 75
Apr. 10 107%
5,527 85 Apr. 23 103
725! 31%Julv 9 40
Mar. 19 '205%
1,102 171
8,750 83 Jan. 2, 88%

151
118

52

53% June 25
19% Feb. 7
9% Feb. 12
33% Sept. 18

10

19
16
18

900 80% Jan. 21

86% 86%iX85% 85%
'149

1

8,6201 21

89

1

i

51%

I

1

I

1

20

100,760! 42i4J"ly

352' 93
3

•29

151
117%118i4l '116 118
116
90
90
89% 89% 89
139 139
'138
140 110

274

13

28%

1'

Mar,
Mar,
Aug.
July
July

109

152%152ia

49

49

5,083'

100

111
80

58%
19%

40

6

Feb. 4
Feb. 2
3078 Sept. 11
71% Apr. 26

I414 July 15
Mar. 11
Jan, 5

4,390

54% 53
33% 33%

7
10
12

44%

Jan. 4
Apr. 1
Jan. 5
Apr. 1
Mar. 19

25

99,010

Sept.
Sept.

77

3

47%

3,135
13,211
2,250i

100

27

755

56

31% 32 '4
73% 74%

46% 47%
23% 23%
81% 81%

26%

July 22

300 61

^

22 28 14 Feb.
3 151 Sept.

25

Sept.

51% 43,970 41%
4,093 14%
187b
940
8% 8%
7%
35% 35% 4,13u 30%

2;

42% Feb. 6
37 May 23
101% Sept. 9
13, 77% Aug. 20
12 103% Aug. 12

25%

19,561

18%

•21

6
24
12
12
9
19%i.'eb.
6

13
21
18
13

06%

29%

»
9
15
12
13

23 11%
03 Jan. 28 7614 June 1
20 Apr. 24 23 14 June 14
86 Jan. 30 97 Mar. 4
2% Aug. 6 7% Feb, 8
106 Feb. 13 118 Aug 9
16 Jan. 20 20% Aug. 9
51% Jan. 4 6Oi48ept.ll
99% Mar. 18 107% June 12
90% Jan. 14 90% .Mar. 4
56I4 Jan. 4! 77% Sept. 13
37 14 Jan.
49% Mar. 8
90 Jan.
109% Mar. 4
84% Mar.
94 Sept. 11
51% Jan.
95 May 27
11778 May 28
91% Jan.
10 June 10 14 Jan. 14
04% Mar. 29 78 Sept. 12
8
Jan. 11 15 July 1
Sl'eJan. 12 102% Sept. 12
1047b July 27 110% Feb. 2
13% JiUy 13 19% Feb. 4

5078

56

69% Aug.
42% Aug.
20 111% Jan.
20 4914 Aug.
9 107% Aug.
16 75 14 June
25 117 May
27 1 1478 Sept,
29 141% Sept.
26 104% Sept.
20;
27|

100 34% July 18

38

6978

51% 51%
18% 18%

8%

38
29 k

70

12

9
29
20
6
6
13
9
19

100% 108% 107% 108*4 107% 108% Xl0278l05% 24,7301 81% Feb. 20 120 Juno 24
21
21% 23% 24% 23% 23% 23% 21% 30,033; 19% Mar. 201 35 June 25
5078 51
30'4 31%
50% 51 '4 4978 51% 41,483 48 Aug, 20 01% May 29
70
08
63 Sepl. 13 74% Aug. 10
68
08 •
08
41
Ml" 44 '.ill 43% '40 43% '40% 43%l "2061 41% July 5; 4778 .Vug. 16
....
16%
10%*
4% July 13 19% June '29
10%. •11
16%
10%!
01 14
9973 100%
'9 U 100%
99 % 1 00 '4 99 % 1 00 14 j,'!So,/Mo\ 80 Apr. 23 102% July 24

108
21

,

a»l?nil

00

7714

.;!,^

..!

;

prte<>a

39

19% 149% •149

ri28

32% 33%
34% 34%i 34% 31%
45 14 46%' 46
46%

24
21% 23%
51% 51% 50%
*..
70
Distillers' &(;:,ttleF. Trust..'
43
43% 41
*
Ani(-rican Cattiirrrnst
16% •14
Pipe l.lneCortiHeHtes^
99% 100% 99%

These are

12%

75% 70 14

•111
•29

80% 86%

1

1%
4%

32% 33 14

31% 34%
45 14 45%

7,000
11,349

94

70%
'40

>26

(Unlist ed.)

National Lead Trust.
American Ciitton oil Trust.
Southern Cotton Oil Co

*

1%

•2%

133
265

265" 203 203
11% 121-1 -11% 13

93

98% 100

57% 58

32I4
•8!)

86%
150

31% 31%

Hart. •255"'

1.00<,

64% 64%

•53
•53
53
53
35
90 94 •90 94
92
104% 104% 104 '8 10478 10478 104% 105
34% 34
34% 337h 337e| 33% 33%
I8214 l'^2 182% 182
18'
181'4l81i4l

2%
*8% 10
•8%
9%
•23% 24% •23% 24%

<fc

7

450
507

5

33
92

•2

31% 31%

94
110

'I214

152% 152^8 1.32%

130

1

•4

Mar. 10 121
Sept. 20
Mar, 29 36% Jan. 16
2 26% A,ig. 9

33

5,3IJ0 92
109% 110
Apr.
2OI4 '20%^ 20% 20%
3,900 17% Mar.
61% 64% 61% 04 14 04
64% 17,583 36% July
'17% 18
I7I4 18
17% 17% 2,000' 12% Jan.
32% 32 '8 32% 32% 32 14 32% 14,603! 24 Jan.
71% 72% 71% 71% 71% 71%
1,710 59% Jan.
28% 29
28% 28% 2878 2878 4,095; 21% July

55
94

138

2%

10

89%

'123

130

1

214

32

29I4

90
142

'

2 la
19
53
241a

OII2
18

II8I4 II8I4

8912 90
'138
142

1"8

82
100
2/
271a •26
62
62
62
111 112
112
30 32
31
HI
83
81
1(18% :o9
10 J
21
20% 21

151% 153

131
118

118

•80

58 '4
32 '2

182 14
80 14
861a

86I4

32%
74% 76%
23% 23%
55% 56
34
34%
22% 22%
45^8 40%
23% 24
•,)9

58 14
32
89

891a

56
33

5ti

82

33 14
72

i82'"i82"'

SO's

•18% I9I4

99%

32-%
71^8
2SI4

33

891-2

'148

Inactive .Stocks.

&

58

151
118
91
141

'*117

Co

IVa.ih.

63%
17%

58I3

128

American

&

2()78

17% 17%
32% 33 14
71% 72
28
28%

89
•138

'

Do

33
82
108 109
21 14
21
63% 64 la

34% 35

Pullman Palace Car Co
Western Union Tele;jraph
lixpreKS NtockM.

Cincinnati

111%

152'8 1527o 1311a 153
»53
•33
55
53
•90
•90
94
94
104 1041a I0414 104''8

pref.

United States
Wells, Fargo &

•20 la
61
111
31
•80
108

•Bl
82

*17io
3333

.

27I6

61

61

IHI2 111
33
87
109

99

19

8% 8%
34% 35%

23% 24%
•80

94
77
42
97

70

40

37

40

09 14 69 14
52

45 's 4612

100

113

5114
18'8

22% 22%

82

•9914
27I6

900
5,982

116% 116% '116% 118
'19% 2OI4
19% 20

94
114

29% 29%

55 14 5612
34 14
33

46% 47
23% 24

4%

76I4
2378

95%

2,019

23% 23%

23I2

93% 94

30,535

32
33
72 14 75 12

31^8

7014
2378

11%

•13% 15
•13% 15
15
101% 100% 100% 99% 100
108% 109
108^8 lOSTfc 108% 108%
I714 17%
17
17
17% 17%
•69
07 60 •67% 68%
70

55% 53%

55%

4%

76 14
24

2514

100

09% 09 18
52%
18''8 19%

341a

24
•94

11

25
11

.Ian.

92%

70,028 0078 Mar.
2,600 97 Feb.
16,955 102% Mar,
130 135 Mar,
20,043 89% Mar.
14 Jan.
200 33 Jan.
1,100 30% Mar.
1,200 89 Feb.
4,758 58% July
1,807 96 July
1,050 11 July
30,494 134% Apr.
5.813 15 Jan.
8,765
SUJau.

x75'% '7578

81a

•34

42

12% 12%
73% 76%

29%

is'^a

Wabash St. Louis & Pacittc.
Do
pref.
WUeeline* Lake Erie, pref..

Do

8%

*8l2

11
76I4

•93

94

77%

•38

55 Hi
32 la

34%

& Manitoba.

Paul Minnap.
Texas & Pacittc

17 14

70
40

1914

611.2
pref.
lstpref. '110%
•31
•82
jtref

St.

109

1714

24% 25%

2

,30%

,

•14

14
IOII2

55-'8

&Duluth

Do

Chicago

75
I4I2
14
lOlia 100
109
109

34^8

35 12

Do
pref.
Rome Watertown & Ocdeusb'f;
St. Louis & San Francisco
Do
Do

8%

40

92

lir

121s
75''8

51 14

-22% 23 12 •23

Richmond&WcstP't Terminal

Cliica^ro

121a

838
•3414
*19

32% 33
75
73%
24 14 24%

Do

St.

I214

76

52 14
19

18%

40

147% 147% 148

147

64% 05

65

91

•38
29 14

51

65% 65%

Jan.

8% Jan. 14
Sept. 12
56% Fol). 14

Mar. 10

2,2301 15% Mar.
1,450! 56% Feb,
3,2031 29% Feb.
23,0581 89^8 Mar.
3,2851 40% Mar.
2,810! 94% Jan.

105% 105% 105% 105% 100

•93% 95

29 14 29%

I918

•65% 66%

96% 96% •90

971a

93 14 93
93
95
•931a 95
116
114 116

551-2

pref

Northern Paciflo

Paul

•96

9712

69

19

23%

38

47%

4,785
4,140
9,519
1,530

119% 121
•35% 36I4
36
23%! 23% 23%

39% 40

1171.1 147''8

61
04% 04%
105 "a 105% IO514
94
941a
941a 9412
7714
70 le 77 16 76%
•40
42
42
40

70

50^ 51%

22,885! 3478 July 25
200'
5% Aug. 27

3978
6

10114101% 101% 101% 100 100
17% 17% 17
17% 16% 17%

18

63

pref

New York & New EuKland
New York Ontario & West
New Y'orkSusquehau. & West.
Do
pref.
Norfolk & Western
Ohio

29%

•3%

11% 10% '14% 16% •15 17
•38% 39% '37
39
37
37%
•35
33% 35% 35%
35% •35
100 100
101 101
101 101
74 14 74%
73% 74I4 73% 73%

147''e

391?

*68
'37

70
39
30

39%

68% 68%
51% 54'8

141% 142% 142% 142%
102 14 102% 102% 102'?e 102% 103%

105''8

•17% 17% •1714 17%

Louis.

Lstpref.

2d

08 14

108 108^8 108% 109
Ilia 42I4
41
42% 43
4316
4314
42
42
99 14 loo
09
98
99
97
97% 97% 98
73%
7312
73% 72% 73-% 73
72% 731a 73
115
1151a 115% 113% 115% 1151411514 115% 115%
1131-2 113
113% I1314 113% 113 113% 113%114i4
1

25 12 24% 25
2514 25 14
23
24% 25
11
11
10% 10% 11
11
11
11
'70
*76
76 14 76 14 •76J4 77
77
77
21i« 2438: 24
24 14 24% 2414
24
24
•94
•94
951-2
93
93
95%
931a •94
•4
5
5
5
4% 4% •4
II6I2 11612 'II6I4II7I2 116 1171a 117 11714
•19% 2014 19% 191a 1918 1918 '19I4 2014
03

pref

Sliore

30

0513 60
39% 40
08 la 109

01) 'a

1411a I4112
ib'i" i02% 101% 102%
*13
•15
17
17
•38 1-2 40
*38ia 39%
3513 35I2
35 18
35
IOOI2 lOOia lOOia lOOia
74 18 7412
7414 75
IOII2 102
101 101%

Southern. 105 '8 100
103%
94I2 •93
•93
Lone Island
Louisville & Nashville
70% 7714 70%
40 4Jis 40
Louis. New Alh. & Chicajjo
Manhattan Elevated, consol.
971a 97>a x97ia
93 12 9312 9314
Mlchii^au Central
'94
94
Milwaukee Lake Sh. & We-st..
94
115 113 •114
Do
pref
Missouri Kansas & Texas
V
12% I214
Missouri Pacilic
7578 70 14
75 '4
14I2
•1414 13
Mobile & Ohio
Nashv.Chattanooxa& St.Louls 101 102 -lot)
New York Central & Hudson 109 14 109 14 108%

Lake

014

68%

23% 23%

40'4 401s
40
401a!
107%10Si4 107% 1081a

18
ColumbusHocking Vat. &Tol. 18
18
18
18
Delaware Lackawanua »&\Vest 147% 14814 147% 14816 I4718

Denv. Tex. & Ft. W., Vot. cert.
East Teuuessee Va. <fe Ga

3%

OI4

35% 30
23% 2418,

33% 24

44
44
99 14 99 14

115

& North weateru
prof.
Do
Chleat'o Rock Islaud & Pacittc.
ClUcaKo St. Loui8 & PUtsburg.
pref.
Do
CliicaKo St. Paul Miu. & Oui..
pief.

36

73% 73%

Milwaukee ifcSu I'aiU.

Cliicafro

3«ia

•40'4 41
10818 1081a'

.

CliicaKO

Cleve. Ciuciu. Clilc.

SOifi
'^3^'8
(i6»2

39% 39%

39%

117% 118% llSKillSia 118% 120

llSiijllS'a: 11818 llS^s

Do

54% 54 '8

39% 39%
5% 5%
68%
54% 64%

•5%

C'uiiailinu Pacillc
Caiuula Soiitlitiru

Do

liSia

38^8

Piiclflc

'

no sale m:»ao at the

B'.>aTd,

I

Casli sale.

SPrloes troai toth ExcUangos.

.

'

THE CHRONICLE.

3B2
BUNDS

-

Atl.

* P»o.-W.

Uuar.,

Can.

6«.m0|15»8b.

D. tuc.

\5\

97%

9«-8

-

b.|ia2i4b.

|12-i

-^1^i^^!^

!l27
itiw •--•-••••••"i,,„,.
ll»v'—

^.

b.ll-.J6

IllS^
H3'4 I1101.

.

l-.!0

Jau. 112

1

lOl^S 104
los b.iios

,;g.l8>H)

Tiitii
Juno

May
May

J.K.yu^:::

..— Mort.
.->:*. 1SI39

">«,

(is,

1

I

lOoHb. 105%b. 102% May
95
^ '4b.' 93 b. 92»3Feb.

1913

DenvcrUivi.sloii.ls, 1922

...

94'^
Ch1c.*E.lll.-l»t,8.f.,0»,1907,120

Nebraska Extuuslon

1927

i*.

"

12

1

9e>2May

1

93''J8

9178 Jan.

91iij

'

b.'

Linccat.

Highttt.

I

112^4 Feb. illOigMay

&

St.

L.— 1st,

41%Jaa.

Juno

58

99

b.!

7s, 1913,133iab. 133'sh.|129

[

I

Debenture

110
55
102

Jan. ,10414 Apr.
Jan. 13812 .Tiino
'10'>%l). 106 b. OSSsJan.
1071^ Juno
Consol. 3s, 1938
N. Y. Central— Extend., 3s, 1893 10412b. 103 b.;104
May 107 Feb.
Jan. 1371a June
N. Y.C.&II.— Iat,cp.,7s,1903l33 b. 132iab.'l33
'112 a.'ll.'l a. Ill
Jan. !113'4Juue
Debenture, 3s, 1904
:129'2b.:l29
May 134 Mch.
». Y. & Harlem— 1st, 78, 190o:-...
N. Y. Chic. & St. L.—lHt,4», 1937 90%h. 96'4b.t 91S8Ja-i.
98 >4 Juno
Jan. :121
N. Y. Elevated— 1st, 7s, 1906... 117 a.lll6i4b.lll6
May
N. Y. Lack. & W.— lat, 68, 1921.ll37i2a. 13714a. 13112 Jan. 138 '2 Juno
Ill '4 Feb. 1161a July
Con?. ruction, 5s, 1923
N. Y. Out, & W.— l8t, 6s, 1914.. 11014b. llOao.illOifl Mob. 113
Feb.
94 Jan. lOS'iJuno
N.Y.Sua. &W.— l8trof.,5s, 1937 101 b.lomj
"'
Midlandof N. J.— l8t,68, 1910 119 b. USia .114i4Apr. 119 '4 July
"
'
Norfolk* West.—Gen., 6s, 193l'120'2 120i8b.;il7"4 Jan. 121% Apr.
115
114^8 !ll4n8 Sept. 120fa May
North. Pac— 1st, coup., 6.a, 1921
IIS^J
114 b. 112 Jan. 117 Aug.
General, 2d, coup., 1933
107 b.l 97% Jan. 110 May
General, 3a, coup. 68, 1937... 107%
No. Pac. Tor. Co.— Ist, 6a, 1933. lU a,
103% Jan. 112 June
8OI2 Sept.
Ohio lud. & West,— 1st, 38, 19381 73 b. 80 b.l 61 July
Ohio&Miss.— Cousol., 7s, 1898. 117%b. 117iab. 115 Jan. 12V June
jli2% 103 Jan. H3»4Sept.
lOliioSouthern— 1st, 68, 1921 ... 112
58i8
57
4434 Jau.
2d, income, 6s, 1921
59% Sept.
Nash. Ch.

lOSis Apr. 108% MeU.
1911., 120 a.'119 b.'ll3i4Jan. 119% Aug.
94 Feb. jl04i4Aug
102 Hi 102%
109 b. 107 Jan. 114 July
Cbe». <). .V ^<<. W.-Us, I'JlJv;; 11014b.
98 Jau. 10473 July
Chic. Burl. A No.— 1st, os, 192(5 102'2a.'
I12913 JiUy il34
May
ISoiab.l
Cblc, Bnrl. i i}.— Con. 7, 1903.
106 June
J

M

Cllr

b.

«a.

1

I2014 June
105 'a Feb.

101% Apr.

b.
b.

b.

54
General mort,, 4«, 1938
Mutual Uu. Tel.— S. f., 6s, 1911. '102

Jim<
lue

113

.

C

t-a

188».

1.

Ratige Since Jan. 1.

5e/j/.20 ^•ji-I.ia;

1927.. 116

Mobilc&Obio—New,

128 14 Apr,
iir^'i.
115'ii
1201-j

J iN.

Bailuoad Bonds.

22% Feb.

AiiC.

]06%Jan.
It., v"is,
'<iii"T»'l909.'iU'nt 115 b.]115>2b. 115>3 Jan
1112 b. 112 b.l08 Jan.
lmi.!,!>»ri»21llSUFcb.
:,-tioi.it*8,liS98..117J»
lltS7

AN» BAVSE SINCE

Biiihegt.

V2b .Ian.
,>,..^_T

h.

JJXCttANQE,

I

!10{)i2.Taii.

>

SMCK

OtOBing.

1.

71% All* 83 Feb.
106 »2 Jan. 112i2May
93>4 Jau. 100 May

109

2d, 5», 1K13
"'
1

Lowest.

I6I3
74>a

lltaT

4>>.

tioiith.-l!>t gtmr,

C«ntTnl

Seplia

Sipl.-20

N. Y.

Xange Sinet Jan.

Clotint.

BAILBOAII BOHP8.

BO.NOS AT

ACUTE

LVTEST PRICES OF

[Vol. XLIX.

'

|

j

Apr.

120 b 118 Jan. 120 July
118 Jan. il27'2Sopt.
Consol. tSs, 1934
V..;- l''iiSh inl-fc
97 Jau. 1104% Aug.
Ist.Ss, 1*"-. 1^3»8b.,104%
General consol.
Chlc.Ga.«.I..ctC.-l»t,K,o8,1937 90»£b.: 9.. b. 83 Feb. jlOl May
78
80% Juno
b.aoi
99 Jau. 106 June Omalia ASt. L.— Ist, 43, 1937..I IO4I3 a.! 7712b. 71i3Jan.
.tb 103
Chic.&In<l.C«alK.,lst.2s,l!
JIO4I3
102 Feb. lOOTy Feb.
120 b. 12213 Jan. laOHi June Oregonlmp. Co.— 1st, 63, 1910. 113
Cble. Mil. A bt. P.-Con. 7s, 190a l^t;
III318
Ulv.-Os, 1909. 11/ "ab. [116 b.llia .Tan. llTiabcpt. Ore.R. &Nav. Co.— Ist, 08, 1909 10414b. lOliab. jllO Jan. 113>4 June
l9t. Soul U\vc»t
103 Jan. 105% May
Consol., 53, 1925
1^1
[no Jan. 'l-21 Sept.
I8t, So. Mill. Uiv.-6s, 1910 ---••-••
jlOo b. lOlifi Jan. 107 la Apr.
June Oregon A Transcou'l— 6a, 1922. 105
lat Uli.*l-ae.\V.Div.-5«,1931 lO.S b. 107 b. 103 Jan. 109%
lOO's Jan. 111
May
1IO8I2 Juue Penn. Co.— 4ia3, coupon, 1921..[110%b.
b. 99
Jan.
Wis. A Minn. Div.-53, 1921 .. 10o'4 105
104ia Fob. 110 May
100 Jau. 1IO8 June Peo.Doo. AEvaus.- l8t,6s, 1920
Evausv. Dlv.— 1st, 6s, 1920...;104 b.,104%b. 102^4 Jan, 109 Hi Feb.
Aug.
i47Ha.!i-46 b.
Chi^A N^V'-ionl6i;7s,-i915: ;l?.9%b. 12912b. 143% Jau. 1149 May
70 b. 71 "ab 06 Jau,
76 la Mch.
2d mort., 3a, 1927
-^
127 Aug. 133
OoW,7;, 1902
U8 b. 123 a. 119 Jan. ;i23 Apr. Phila. & Read.—Gen. 43, 1958.. 9118 91 la b. 88'^ Jan. 9434 Juno
BlnkiuK fund «s, 1929
8 2 lab. 83
80 July
OUaJan.
1st prof, income 33, 1958
Ill ^ 111 a. 108>3 Jan. I1I2 Juue
5». 1929
einkiutt fund
66
67 b. 62''8 July
82%J,an.
2d pret. income 5s, 1958
einkiuK fund dobeut. 53, 1933 llliab. lla^flb. 109 Jan. 116 Sept.
57148. 51 la July
62i4Jan.
3d pref income 53, 1938
,10b%b. 105 Jan. ,109 Apr.
debeutiue js, 1909...
25-year
84 b. 7014 Jan.
Pittsb. A West,— l8t, g., 4s, 1917
871a May
99iaa. 99 b. 98
Jan. 110414 Feb.
Extentiouis, 1926
68
7018 Aug.
58 Jan.
Mch. 98% May Rich. A All.- Ist, 78, Drexel cert.
Chie.l'eo. cVHt.L.— Uld.os, 1928, 93 a, 93 a. 95
36 b.
37 Aug.
2d mort., 6.3, 1916, Drexel cert.! 36
G Jan.
CUie. K. r. & fuc— 08,coup.,1917 136 b. 136 b. 13114 Mch. ,1381a Jilue
lieiab. 114 Jan. |119%May
lOl^sJau. ilOSiaJuuo IBich. A Danv.— Con., 6s, 1915.-1117
105% 106
Extension & col. 5», 1934
-92%
943^ May
92
Consol. gold, 33, 1936
86 Jan.
124i4b.'ll9)aJan. 12liaMay
Cbic.Bt. P.M.&l).-Con.6s,1930 I2412
99 b. 99
96
put.— lst,cou.53,1932 95iab, 95 b.l Q-z Aug. 100 Feb. Rich.AW.P.Tor.— Trust 68, 18971 117i2b 117i4b.;li3 Feb. 103 May
CU.8t.I,.&
Jan. 11934 July
Roch. A Pittsb.- Con. 63, 1922..
94iab.' 92i2Jau.
99 June
Cleve. & Cautoii— 1st, 3«, 1917.1 96
Rome Wat. A Ogd.— 1st, 7a, 1891 ... ..108 a.'i06iaJuue 10912 May
Apr.
C. C. C. A: I.— Consol. 78, 1914.. 132 b.'lSa b.l 130 Jan. 135
111 b.lOS'sApr. 112 May
Consol., extended, 5s, 1922. ..'Ill
121 b.'
112 Jan. I2014 Sept
General 68, 1934
93 »8 Apr. 103 Jan. St. J08. AGr. I.3I.— 1st, 6s, 1923. 106 b.106 b.'lol Jau. 1091a Apr.
Iron— 1st 6s, 1900. 101 ^s ,101
Col. Coal ii
115 a., Ill July 115 Juno
Alt. AT. H.— 1st, 7s, 18941
60% July 87% Feb 8t.L.
Col.H.Val. ATol.—Con.Ss, 1931; 70 b. 73
106i2b.'l05% Feb. ;il2i4Juno
2d, mort,, pref., 78, 1894
87 Feb.
71 b.' 71
50 July
General Kold, 6.S, 1904
income, 7.s, 1891 .. lOOiab. 107 b. loiifl Jau. 108 Apr.
2d, mort.,
11858 May 123 Sept.
Denver A- ftio Or.— 1st, 7», 1900. 121 b. 123
99 Feb
7913b. 79^b. 75
Jau.
8212 May 8t, L. Ark. A Tex.— 1st, 6s, 19361 78 b. 78 12b. 77 July
consol. 43,1936
1st
27iab.i 2713
23 May
33 Feb.
2d, 6s, 1936
8413 Jan. 102 Mch.
Deny. & K. G. W.— 1st, 63, 1911
94%
73% Jan. 95 Sept. St. L. A Iron.Mt.—l8t, 78, 1892.1106 b. 106 b. 10512 Aug. 110 Jan.
95
Assented
109 b. 109 b. 105 Jan. '110 July
2d mort, 7s. 1897
9412 May
__
Denv. S.Pk.APac.— l8t,7s,1903 89iab. 89 b. 81 Jau.
Cairo A Fulton— Ist, 7s, 1891. 102''8b. 102'8b. 10114 July 10312 Juue
Det. B.C. & Alp.— lst,g.,6s, 1913 104 b. 104 b. 103 .Tan. 108 "2 Feb.
Cairo Ark. A Tex.— lst,7.3,1897 103 '4i>. 104 b. 102=8 Aug. 107 Apr.
Det.Mae.AM.— Ld.gr.3i-2S, 1911 31i2b. 34iab. 32 Aug. 40 Feb.
90 Feb.
g^ jau.
Gen. R'y A land gr., 5.3, 1931.: 8912b.' 89:%
104 Feb.
Dul. A iron Range— l8t, 5s, 1937 103 b. 103 b. go'eJan
£. Teun. V. AG.— Con., ,33, 1936 lOOiab. lOoiab. 102 Jan. 108 12 May St. L. A San Fr.— 63, CI. A, 190611812 llSisb. 116 Jan. 121 Apr.
118 b.llS'sb. II334 Jan. 121 Apr.
6s, Class B, 1906
Jan. lo7% Aug.
Eliz. Lex. A Big San. —68, 1902. 105 b. 105 b.'og
'118 b. llS'su. lljia Jan. 121
Apr.
6s, Class C, 1906
Erie— 1st, consol. gold, 78, 1920 138i2 il38i4b. 1.S7 Mch. 142 JiUy
119 b.
115i8Jan. il21 May
General mort., 63, 1931
'.-_•
110% Jan 114 May
long Dock, 7s, 1893
101i4Jan; 108 Juno
1104
General mort., 53, 1931
123 b. 122 b. 118 Apr. 123 Feb.
Consol. 6s, 1935
120%b.
N Y.L.E.AW.— 2dcon.6»,1969 104 b. 104iab. 98 Jan. I07I2 May 6. P.M.AM.—Dak.Ext,, 6s, 19101 118%b. 120%0. 118 Jan. 122 Apr.
118%b. II3I3 Jan. 12134 June
99%
l8t consol., 63, 1933
90 Jan. 101 May
Ft. W. A Denv. C.-lst, lis, 1921 98%
reduced to 412S. .. lOlHib. 101 b. 98i4Jan. 10334 June
Do
95'^ Mch.
9218 May
Gal H.Afiau Ant.- W.Div.lst.Ss 93 b. 9414
96i4Feb 10013 July
99%b., 99%
Collateral tnist, 5s, 1898
GrB.W.ASt.P.—2dinc.8.s, 19111 16 h.' 1712b. 13 July
25 Feb.
87i2
9213 May
SSHJan,
MoutanaExt, Ist, 4a, 1937 ... 8712
UultCol. A San. Fe— 1st, 78,1909 104S8b. I04%b. lOOU Aug. 116 Feb.
94i2b. 9413b 8712 Apr.
96 May
69 b. 68 b. 64 Aug. 87I2 Jan. Shen. Val.— lst,7s,1909, Tr. rec.
Gold, 6.S, 1923
40 May
31 Jan.
General 6a, 1921, Trust rec... 38 b. 37
Han. ASt. Jo.a.— Cflus. 6a, 1911. 119 b. 119 b. 119 Sept. 124 Feb,
90 Jau. 101 Aug.
SouthCaroliua— 1st, 63, 1920... 94 b. 96
Int. A Ot. No.-lst, 6s, gold, 1919 105 b. 103iab.ioOiaApr. lOgiflJau.
61
Aug.
57 b.l 60
47 Jau.
2d,6s,1931
67 b
62 May
74'2Jau.
Coui)on,0s, 1909
10 Feb.
Sifl Jan.
7 b.
7
Income, 6s, 1931
83 b.; 71i2Jau.
Kentucky Cent.—Gold 4, 1987.. 8612
90 June
113 a.' 101 Jau. 1121a Sept. 80. Pac., Ariz.— 1st, 6.3, 1909-10. 107 b. 107 b. 10 lis July IO8I4 June
Knoxv. A O.— 1st, 6.S, gold, 1923 113
114 b.ll07 Jau. 116 Sept, So. Pac, Cal.— 1st, 63, 1905-12.. 118%!). 118 b. 114 Jan. 118% Sept.
I.. Erie A Weat.- lst,g.,.3.s 1937 II513
i»u.cp.,1.3t,7a,1900 127 0.127 b. l25i4Jan. 130
May Bo. Pac.,N. .M.— 1st, 63, 1911 ... 107 b. 107 b. 105i4Jiily 108 14 Feb.
89 Jau. 100 Mch.
Consol. coup., 2(1, 7s, 1903.... 128 b. 127i2b. 124 Jan. 130 '4 May Teun. C. I. A Ry.— Ten. D., Ist, 63 98i2b. 99
99 Muh.
97 b., 97%
89 Jan.
Long Island— Ist, con., 3s, 1931IU7%b.'
Birm. Div., 1st, 6.3, 1917
lll4i4Jau. 11734 Sept.
85i2 Mch. 91 May
9114
General mort., 4», 1938
98 b. 99
92i2Jan. 102 14 May Tex. A Pac.— 1st, gold, 53, 2000J 91
40 Apr.
37%b.' 38I3
34 Mch
Loul.^v.A^a8hv.— Cou.,78,1898 120 b. 120 b. Il7ia Apr. 121 '3 Mch
2d, gold, income, 53, 2000
99 Mch. 110i4Jun6
E. IL AX.— 1st, 6s, 1919
116 b. 117 a. I14%juue II814 JIuy Tol. A. A. A N. M.— 1st, 03, 1924 106 b. 107'8
'114i4b. 114 b. 112
General, 6s. 1930
Jau. llSliMay Tol. A. A.& Gr. Tr.— 1st, 6s, 1921 113 a. 1 14 b. 103 Jau. 120 Juno
Ulliab. IIII4 lOOiajan. I1312 -May Tol. A Ohio Cent.— 1st, 5s, 1935 102 Hjb. 102 '4b. 101 Jau. 10 1 la Juno
Trust Bonds, 6.3, 1022
10-40, li.s 1924
104 b.'
821a June
101 la Jan. 106 Apr. Tol. Peo. A We.3t.— lst,4s, 1917..' 78i2n, 77i2b. 74 Apr.
9213 Jan. 105
May
50-year 3s. 1937
lOG^
98 Jan. 107 Sept. Tol. 8t, U A Kau.C— l3t,6s,1016 IO234I). 103
CoUat. trust OS, 1931
102 b.
96i4.Tau 10412 Apr. Union PaciUc— 1st, 6s, 1899 .... 119 b. 119 b. 113 Jau. IJlifl July
114 b. 114 b. 114 Sept, 12012 Jan.
loiU». N. A. ACh.— Ist, 6», 1910 117 b.'
Sinkingfund, 8s, 1893
II214 Jan, 122 June
Consol., gold, 08, 1916
104% 110413b. 93 Jan. 103 Sept.
Kansas Pacitlo-lst, 6s, 1895 .110 b. 110 b. 11018 Aug. 112>3 July
Ill h. Ill b. 10913 Jau 112 '2 May
Louis. Soiitu., Ist IX. 63.. 1917 9713
97
lat, 6s, 1896
95 Aug. 99% Aug.
96I3 Aug. 100 Sept.
Louls.St.L. A Tex., 1st K.6s. 1917 99I2
9914
lll'ab. 114%b. 112ia May 11313 Sept.
Denver Div.— 6s, 1899
JJeni. A Char.— 6s, gold, 1924... 105 b. 105 %b. 102I3 Jan. 109% June
116
116 b. 112 Jan. 117 Apr.
1st consol., 6.3, 1919
Metro. Elevated- l»t,6s, 1908. llo'sb. 113
111 Feb. II313 July
Short Line— lst,6a, 1922 113% 11313
Jan. il2o Juno
Oreg.
Ill's
90 Apr.
2d, 6s, 1899
108 b. 108i8b.ll06 "Jail. ilUisMav VirginiaMld.— Gen. m.,.3.3, 1930 87 b. 8712a. 78% Jan.
3 1 '4 Sept.
Wicb. Cent.- iHt, con., 7s, 1902.1130 a. 12913b. 129'4 .Aug. ,13313 Mch. Wab. St. L. A P.— Gen.,63, Tr.reo. 50 b. 31 14
37 Apr
S8I2 Jau. 104 Aug.
Consol., .33,1902
'114 a. 114 a. ill
CbieagoDiv.— 5.3, 1910, Tr.reo. 10313b. 103%
.Tan.
114 May
Mil. Lake !-b. A W.— Ist, 6.3, 1921128
86 Jliu. 10134 Sept.
1241311. 118% Jan. 128
Wabash- M., 7a, 1909, Tr. rec. 101 b. 101%
Sept.
Couv. debeutuie, i>.s, 1907.... 103%b. 103%b.' 92'2 Jau. 10413 July
Tol. A W.— 1st, ext., 73, Tr. ree. 10313b. 10313b. 89I2 Jan. 103% Sept.
Mllw. A North.— .M. L.,6s, 1910.1 lOSHib. lOSiab. lOOHj .Tan. illl Apr.
lst,St.I>.Div.,7s,1889,Tr.reo. 103'3b. 103'3b. 9313 Feb. 103 13 Aug.
lat. Con., 68, 1913
102 12b. 87 Jan. 103 Juue
2d,extend.,7s, 1893, Tr.reo. 102 '4
I1O6 b. 106 b. 105I4 Jan. 10913 Mch.
Minn. A St. l.oui3-lst, 7.3, 1927' 93 b. 93 b. 90 Jau. ilOO Sept.
Aug.
10013b.' 85
Feb. Uoi
Cou., couv., 7a, 1907,Tr.rec, IOOI4
Mo. Kan. A Tex.— Con., 0», 19201 el's
Jan. 110313 July
63%
53 Apr.
65 Aug.
Gt. West.— lst,78, 188S,Tr,rec. 10 t'ab. 10313b.' 89
Consol., 5s, 1020
38 13
Mch. 110213 June
5713b. 501a Apr.
7s, 1893, Trust receipts. 102 >4b. 103 b. 86
2d,
6013 Juue
Consol.. 73, 1904-.3-6
9413
lOOis lOOig 110234 Jan. lOO'ig Juno
94 b. 87 12 Mcb. 97 June WestShore-Guar.,43
Mo. PaciUc— lat, con., 69, 1920. 114 b.
95 '4 Jan. liil Apr.
no's Jan. II3I2 Apr. West. N. Y. A Pa.— Ist, 5, 1937.1 93%b. 97
3d, 7s. 1906
120 b, 119 b.llO'aJan. 121 12 Apr.
31 b. 3414b. 3314 An?. 41 Feb.
2dmort., 3g., 5.3C.,1927
98"8 Jan. 106 Juue
Pac. of Mo.— Ist, ext., 4g, 1938; 99%a, 99I3
Tel.—Col. tr., 5s, 1938 10213b. 103
97% Jan. 102% June Weat.Uu.
2d mort., 78, 1891
Il03% July 105 13 Apr. Wheel. A Lake E.— Ist, 5s, 1926 108i3». 109'aa.ll02 Apr. 1110 Aug.
I

1

1

!

I

;

1

I

'

I

.

I

1

I

I

I

1

.

'

1

.

I

I

I

|

\

'

!

1

1

1

,

,

'

I

1

|

i

1

'

I

1

I

'

1

Mou.—ThL'iutter "b" Indioateg price bid, and "a" price asked:

all

other prices and the range are from actual sales.

STATK BONDS.
BECDRITIES.

Alabama— Class A,4
Claiw B. .3i)
Class C. 4g
6», 10-20

Arkan
7»,
78.
78.

I

.M

l.itlle
:i,.(i-iitral

Ark u:
Georgia- 7s, gold
Louisiana- 7s, coiw
Stamped 4s
Michigan— 7s

5

Hock

SECURITIES.

Bid. 'Ask.

lOOe! 103-% 104
1906; IIOI3II6
1906, 99I2I
1900' l(K)i2i
iiilcd..lH99-1900
13
A Foil Smith 188.'
8
to

1890 102% 104
1014 105
t
|

1890! IO6I3

yi

SECURITIES.

Ask.

Bid.

jMlssouri—«s
due 1889 or 1890: 101
Asylum or University, due 1892, 104
Funding
1894-1895, 110

Rhode Island— 63, eou. -1893-1804

Y'ork— 6s, loan
6s,loan
North Carolina— 6s, old

1892-1'<9'<
Teunesaee— 63, old
1912
Compromise, 3-4 3-63

Now

I

Funding act

8
8

i,ss...

RR

Bid.

New

bonds,

Chathaui

J.

RR

Special tax,

1892 108
1893' 108
35
J. A J.
19001 10
A J.... 1892-1898 20
5

t'la.as 1

ConsoUdated 4s
68

SouthCaroliua- lis, uon-fund-lSKS

Brown

New

'

1

1910J

6
96i2

1919 126

conaolidated, 6s

settlement- 6s

5s
3s

Virginia- 6s, old

6ifl

8

I

97
128%!

63, eou.aolirtated bonds
6s, cousolidated, 2d series
6s, deferred, trust i-eeeipta

1^93

1

111

Ask.
-

4%

4%
101

!.

68%
78121

1913 10713110
IO2I3
1913
7413
1913

M
J
J
J

September

J

!

THE CHRONICLK

21, 18S9.1

liENEKAL QUOTATIONS OF STOCKS

363

AND

BONUS.

'>i'i ir '!'• ""''W ">'' "f* tru'iU'tncly in-itB o ir iH iro,
Vrtiir Yori{ rn'iMimic oil ) imr <5Biit v<tl i», \Vii ttDVrtr cuo [iir in n^ na
Tliefon.)win?at>i)revi*tlon3 tm often used, yiz: '• M.," toe aiptifiifi; " /.," f ir ^•)1 1: •' ij'd," for gairaatoad; " eo I.," for en loriMj.1
"a. f.." for slaklns? fiiu'l; "1. :?./' forlaod graat.
foroonsolidated; "oour.." ror<v>nTortliil«
Qaotations la Sew Yor« are to Tlinrsday from other cities, to late mall dates.

QtiDtiVtloinhi

,

;

ouu«„

;

:

Sabscrlbera will coafer afaror by glvlns notice of anf error dl«c<frere(I In the«e Qintatlon*.
United Statks Bonds.

Bid.

UNITED STATES BONUS

rtv-.Q-M 105 %

• "is, 1891
4>«B, 1891
4s, 1907
4s, 1907

Q—

127
128
118
120
123
126
129

J&J

reft
r«>;

J<feJ

rep
J&J
reg
J&J
rea
JAJ
NI<:4![JKITIE!<>.
Alabama—Class "A," 3 to 5, 1906..
Class "B," 58, 1906
Class "C," 48, 1906
68, 10-20, 1900
J & J
Arkansas— 68, funding, 1899. J &
7e, L. B. &Ft. 8.i88ue,1900.A A u
7s, Meicphls & L. K., 1899. A & O

STATE

ma
110^

,

99 3.
1001a

12
8

9
8

&0
&0

R.P.B..%N.O.,1900.A
7B,Ml88.0.& K. Biv.,1900.A
7b, L.

8

&O
&J

7b, Ark. Central UK., 1900. A
7b, Levee of 1871, 1900. ...J

8

Conneotic't-New,rg.,3't 8,1903- J&J
New, reg. or coup., 38. 191"
Dakota Ter. Ss. Ui-2'8 0f 1887 ...
4i«8, lO-JOsof l-'87
Diet. Col.— Com.3-6.5s,i924,cp.F&A
Funding 58, 1899
Jatj
Perm. Imp. 6s, guar., 1891 ..J<£J
Perm. Imp. 7b, 1891.,
J&J
Wash.— Fund. loan (Cong.)68,g., '92

6100
100
106

J
1

02
122
112
1

Uln»s

107 "4
lOt!

Fund. loan(L«g.;Gs,g..l902Var 122
108
129
130
110
103
114
105

Market stock, 78, 1192
Water stock, 78, 1901

do
78, 1903
Florida— Consol. gold 68
J & J
Georgia -78, gold bonds, 1890.Q—
4ii«, 1915
JAJ
Ixjulsiaua^-New con. 78, 1914.J&J
90
Btauiped 4 per Cf^nt
Baby bonds, 38, 1886
F&A .^2
Maine— New Ss
103
Maryland-68,Ho8pltal,'87-91.J&J 100
6s, 1890
99 hi
Q—
3-659, 1899
J&J lo5
Ma88acbusetts-5s,gold, 1891.,A&0 103Hi

J&J

1894
1897

6s, gold,
58, golil,

Mlchigau— 7s, 1890
Minnesota— Adj. 4>sa,1912,
Missouri— Fund, bonds,

MAS
MJiN

^lugin

114
107

10-30. 5100

'94-95.J>SiJ

CITT SBCCRITIES.

106i<

Baltimore (Continued) & 8{
6s, bounty, exempt, 1893..
M.sN
5s, water, 1894

105% 10614

coup..
re>c...Q-J
coup.. .Q—

6s, Currency, 189.S
6s, Currency, 1896
68, Curreucy, 1897
68. Currency, 1898
6s, Currpincy. 1899

Ask.

uo

127'«

128%

68, 1894
Warloau, 6s, 1905
Jersey— 68, 1897-1902..
68. exempt, 189G

J&J
J&J

Sew
New York— tfs.

gold,

130

4p, 1908, City Hitll
48, 30-50S, smk. fuu-i, 19.JI.

1031a

1893
Ho.Carollna— 6s, old, 1886-'98 J&J
.

J&J

Humi'toix County iS ..
Cleveland, O.— 78, 1894

llllj

KR

A&O
&

68, Chatbam
6s, special tax,cla88 1,1898-9A&0
4s, new, coua., 1910
J
J
6s, 1919
A

&0
Penna.— 58,new,reg.,'92-1902.F&A
4b, reg., 1912.....
P& A
Rhode

IsI'd- Us, 1893-1, coup. J &J
Bonth Carolina— 68,Nou-fund., 1888
Brown consols

9Uiii

125

13:

Dallas,

07

Bettlement,

.is,

1913

W. L., 1906
31*3, lull
Elizaiieth, ^f. J.—

10tii«

74«l

5
105

J&J 4130
J

rnillan;ipuli8,

Xax-rec'vable coups. ,rrum uons'ls

39

42

8h

Do
from l()-4(>8.
Kew3a(Riddloberger). l9J.i.J& J

27

10-408,cp. &rBg.,3to5,19l9.J&J
Consol. coupon, now
do
liou-fundable ..

40

Bayouue

,

I'a.— 5«, op. '87-9 7 V kt.
,

.

^ar.

Louisville,
6.S,

10-408,

106
105

WHt«r78, 1901

105
101
101
102
lo3
106

6h, 190.^

Baltimore— 68,

."..T*.!

'

Price nominal

;

1890

113

J&J

I

list.,

us,

1913

i

(

}

v^orcester,
58. 1905

113

100
118i«

111
10213

A&O

1912

5s,

123
122
126
107
130
137
123
114
115
104
101

cons.l909.Q— Fi

— See DIst. ot

Co.,i

I

Mass.- 6s, 1892. ..AAO 5IO6I4
A&O yll7%

A&ii ylotHii

4b, 1905
3iaa, 1905

J&D

JlObij

RAILKOAD BONDS.
(Bonds of corniHttues cottsol'tedwtU
111

be found untter the consol'd ntune.}
Ala. Ut. Southern- Ist murt., li)08 ell6
Debenture scrip, 63, gold, 1906.. el08

Gen'l luort. 5s,

l.!Oi«

H27

e

99

89
Hi, 1928. .
Ala. N. O. T. &c. l.st eleo. 6s, l:i07. e 43
e 45
2d debeiit, 6s, 1907
Ub'y &Suaii.— Cons. 78, 1906, guar. 135
120 1«
Consol. mort., 63, 1906, guar.

Al iba ua Midland -1st,

120
110
101

90
56

50
J&D
>•«
126
A&O
Ulegh. Vai.— Gen. M,,73-10s. J&J 112
East, eiton. M., 7s, 1910... A&O "35"
351a
A&o
Income, 7s, end., 1894
1141a
Atoh. Top. &8, FK-lst,7s, '99 J&j! ^111
A&O 5 107^ 108
Land graut,7s, g., 1900
J&D J 91^ 92
Siuklng fund, 6s, 1911
A&O 4 941a 95
53, 1909 (Ist luort.)

J4J

5s, plain bond.s, 19-20
4ias, 19i0

J«;

J&J

loo
SO
e In

.il&8 i

A&ij

§

68
88

69

88 >a

CiplUteral Truit.Ss, 1937. ..F&.\ 5 761a 77
97
Guar. fd. 63, notes, 1891. .. .UJtV S 93
IOOI4
Callfor. 3o. -1st 68, g., 1^26. J&l }100
40 14
>1&S S 40
lucomo63, 192!i
Chic. &8t. L,.— ist 68, 1915. M&S
(;hlo. Sau.l'e & Cal.-lst os.l.i i7
105
Gulf Col &S.Frt.,i8t, 7s.l90.)J&J l<>4
69>a
A&O 69
Gold69, 1923
IOOI4
Suni.& Ft. 8— 78,19 >9. -AO SioO
Cowl.
Kan. C. Kiup. & So. -lat 78, 19 .9 >1.0 101

1907..

Purcha.3or alio pays accn-usj lutoroat.

103

Mass.— 6s, 1905.. A&O

Washington, D.C.

Var

.Mil wauko--. Wis.— Water 73,'02. J&J
Water 4s, 1906-7
J.kI
Mobile, .Via.— 4-.53.fuu. led, 1 'OrtJ.t.i

ij—

u—m

110
103

A&Oi
water loan
Toledo, O.— 7-308, KB., 1900. M & N
Var
8s, 1893-94
Var
63, 1899
1021a
A.sO
5s, 1h93-1913
Var.
4s, 1913

Tav Di>t., 68. <15
J&J
.MinuR ipoiis, Miuu. -8s, 1892. J itD
78, .901
4i2S. 1^1215
4s, IJ1.V17

llSJfl
121ifi

7s, 1903,

.

<

135
126
lo7

.'

Savannah— F'd
Spriuglleld,

19U

Ta^c

122
112
110

143

adjustmeut, 48

4133, 1916
58. 1915
68, 1904
78, 1898
8s, 1^97

J&J.
tis,

J&J
Jife.1

J&J 120

J&J
Richmond, Va.— 6s, 1914
J&J
8s, 1909
J&J
58, 1921 & 1922
1920
48,
Rochester, N.f.— 7s, Water,1903 ..
F&.\
48, 1912
F&A
8t. Joseph, Mo.— 68, 1903
F&A
Comp'mise48,1901
Var
St. Louis, Mo.— 6s, 1899
gold, 1894
6s,
58, 1900
4s, 1905
3-658, 1907
St. L. Co.— 68,1905
at. Paul, Minn.—48,

M&N

,:

Meuipiua, Teun.— C imp.

M&8
nolatetrnnsaitlous.

Now

J&J

1902

new, reg., due 1905

J&J
JiSiJ

J&J 120
6s, Consol., 1904 reg
Poitland.Mc.— lis, RR.Aid,1907!M&S §1^:6
J&J §102
48, fuuded, 1912
126
Portsmouth, N.H.—68,'93,KK,,r&,i!5 107
1-25
Poughkeepsie. N. Y.— 78, water Ionwi§i4l
Providence, B.L- 5s,g.,1900...J.M,.i 5ii5
loi"
6a, gold, 1900, water loan.. J & J
JA-D
101%
4198, 1899
M&S
115
3183, gold, 1916
Rahway, N. J.— Old 78

....J&J

.Manchester, N.H.- -68, 1894..

—

"

J&J

Wat-r loau, 68, '96
53, 1905
Macon. Ga. — lis, 1909

128
121

J.— 7s, 1900

1901
1908

131

M&.V

8s, 190'>

6s,
4s,

consol., i'890.'.Q—

6s, llalt.& u. loau,
6e, Pirk. 1890
6s, bouaty, 1893

1920

137

—7s, long

7s, 1912
7s, water, reg. &cp., 1898, .A&O
J>feD
4s, 1915.

Lyun,Ma98.-Waterloau,6s,'94.J&j

.jivj
J4J.J
j,v.j

4iijg, 1916
Augusta, .Me.— 68, l;ii)5,Fund .J&J
Ans'usta, Oa.— 7s, luOO-2
V»r

'is,

115"

J.&J

Vai

Var

1923

4.S.

J&J

68, )8i)5-6
6s. 19U-15

68,

J&J
J&l
1&N

1.

A&m

Pittsburg, Pa.-5s, 1913

Y— Water.7H...

Ky.-7s, 1903

A&kJ

Petersburg, Va. 63
88
88, special tax
Philadelphia, Pa,— 68,1895....

106

Lowell, .Mass.- 63, 189u. W. L.M&.\
Lynchburg, Va.— 6s, 1901-4 ..J&j

(Tar.

Ailegliuuy Co., Ss, cp., uil3.J&J
48, riot loau, 5-108
48, riol loau. 10-20a
6s,
do
10-208
4s, refunded. .5-208. 1891-1906...
4s. Court Holism, i90i, rog. J.fcJ
Atlanta, Ga.— 8-, 1!)02
J&J

6a,
4s,

J&.l

1897

M&N

1916

Patoraon, N.

7s,

N.

Water, 1901

Omaha, Neb.— 63, 1891

J&J

Long Island City,

114
132

10!>^

Orange, N.J.

83'

Ind.-''U" 7-3,'90. J&J

City, 7s, louj;

Var

1907

113
114
107
101

78,1905

Kansas

CITV SECUHiriEs.

4 iss, coup., 1 s85-i901
48, coup., laoi

115
127
103

City, Mo.— 8s, 1896... Var
1898
ti&S
Lawrence, Mass.— 6s, 1894. ..A& u
6s. 1900
A&O

67is

Albany, W.Y.— 78. lai0-10...,Vf&N
68, 1915 to i919
.M&N
4b, 1920 to 1930
.Ujl.N

AUegheuy

8s,
53,

1

6t>ia

M&N
M&N
A&O

Va— 6s, 1914

Jersey City— Water 78, 1902. ..Var
Water 6s, 1907
J«J
Fundiui{68, 909
F&A
Hudson ;ouniy OS, 1905
M&S
Hudson County, 68, 1905. ...J&J
Hudson County 7b, 1891
Jjilj

J
J

68, consol., 2d series
JdiJ
68, deferred boniiw. Trust rec

3s,

J&D
J&D

68.1897

I)

&
&

J&J

consols, 1905.ex-couu

tts,

&

M&.-*

New 2198
Norfolk,

131

130

Norwich, Ct.— 5b, 1907

Galvestoii,Tex.-8s,1893-1909.M&8
58, 1920
J&i)
Hartford, Conn.— G». 1897 ... J&J 5110
.
10-25 years, 4ias, la •0-1905.J&J §100
Iloboki-u. N. J.-7S, 189J
A&OI
Improvement 6s, 1898
J&O §115
58,1901
do
M&N
Houston, Tex.— 68
Coiuprjmise 5s, 1918.

75

1896

J&J
M&>i

48, 1906
3i«8, 1904

109
150

F&A

la, 1912

gold,

5.1,

121
104

.;

1

Vlrglnia^68, old, 1886-'95...J
68, new bonds, 1886-1895. .J

Now

1901

140

Evauhville, lnd.,coinprom. 4s,l9l
Fitchburi:, Mass.— 08.91,vv.L.. J&J

M&8i §106
M&S; 5 15

1S9-J

1890-1910
1904
Vermont— 6s, 1890
7s, gold,
7s, gold,

63, 1900
6s, gold,
58, 1908

Var

6.1,

128

M&M
M&N

N.Y. City- 78, 1900

Water, 68, 1900
8

140 14

J&U

1934

5s,

58, Street Improvement, 1928...
Detroit. .Mich.— 78, 1894
F&A

8

102

I,,a.— Preinliim Ss ..
Cons. 6s, 1923, extended
J&J

J&J

Texas— 8s, 1904

135-

134

New Orleans,

A10
M&S
J&D

58, 19 iO

lannessee— 6s, unfunded
Compromise b<)ud8,3-4-5-68, 1912 •;»*
Settlement, 68, 1913
1071a 109
Bettlemeut, .'js, 1913
101
102%

Texas— «8,

J&l
Vnr
J&J

dS
Covington. KV.-^7.3bV.'l 892 " "f&A
7-308 Waterworks, 1890.. ..A&O
4s, 1927, new
I&J

121
111
101
68 !«

J&J

...

1900
1907
1903
Columbus, Ga.— 78

108
lo8
35
10
iO
5
6

Vai
1910
Vai
1895
Var
Aqueduct, 1905
New Bedford,Ma88.—6s, 1909. A&O
3ia8, 1910
A&O
N. Brun8wlok,N.J.—78, water, 1904
Vai
63, 1906
6s,

7s,
78,

IS

6s,
58,
48,

6e N. C. RE., 188.3-5
1!170
6s
do
7 coupons off ...A&O 140

63,fUDdingaotof 1866 1900.J&J
6s, new bonds, 1892-8
J&J

fund, 193^'.

58, 30-508, si .k

105
loa
105
117
124
lis

4^8, 1898
58, 1909

V..r
Water4s. 1917
15
Wat<r3i9a, 1917
AAO
13
Brooklyn, N. y.—Park7s, 1924. J&J
J&J
Bridge 78, 1924
Park tis, 1924
J&J
15
Ja J
Bri.lge 58, 1919
10
Bridge 4s, i926
J&J
S
Water 38, 1905
J&J
Now 38, exempt, 1906-13
Bullalo, N.Y.— 78, 19i4-5
J&J
;y
Water 58, 1898-9
A&O
Water 4s, 1''04
M&S
Water 3iaa, 1905
J.tJ
118
Wa'erSs, 1916
F&A
1061* Cambridge, Ma86.-Water6a,'96. J &J
lUSis
Cliyes, 1904
J&J
Waler3is-, 1911
V:ir
128
Charleston. 8.C.—Conv.7s,'97. A&O
110
Conv. 48, 1U09
J&J
Chicago, (11.-78, 1892-99
68,1895
4138, 1900
lOlia
3-65S, 1902
116
Cook Co. 78, 1892
Cook Co. OS, 1899
91
Cook Co. 4iiS, 1900
59
West Chicago 5s. 1890
Lincoln Park 7s, 1895
West Park 78, 1890
South Park 68, 1899
Cinrinnati, O. -7-308, 1902 ...J&J
104
7s, 190i
Vir
lloia
68, 1909
Var
115
M&S
68, gold, 1903
43. 1905
Va'-

J&J

&U
A&O

1916
1920

Ask.

68, now
Newark—48, 1906

109

Q—
I&J
M&N
Q—

West. Md. KB., 1902

Bid.

Montgomery, Ala. -68.

Bath, .Me.— 68, 1902
4ia8, 1907
104
Belfast, Mo.— 68, railroad aid, '98..
116
Boston, Mas.?.- Wat' r6H,19u6 .Var
100 1^
Wutor.'is. gold, 1906
Var

.J&J

.

1892 ...A

6b, gold,

'illl

68,
6s,
5s,
4s,

OITT SECnKITIES.

Ask.

M

1900

BaTgi>r, Mo.— Wster.PB, :905.
E. & N. A. RK. 6a, 1894

long bonds, '89-90
J&J 101
Asylum or University, 1892. J &J 11:4
HewHampsliire— 5s, 1892
J&J 6102 >« 103

War loan,

Bid.

—

& .McP.— Ist 7a,i9j9.-\&0
Couyom OJ slaw 186J.

Mar'u

Loudou.

H

>lOJ

101

M

F

,

F

THE CHRONICLR

36*

[Vol. XLIX.

AND BONDS-OoNTiMaBD.
^EXERAL QUOTATIONS OP STOCKS Plr«t P«!te of qnotatloa«.
^
Head of
For Kzplanatlon* S,, Note« »t
Bid.

R^iutoAD Bonds.
(Oonrtnued)—
Booth-Kansas, l«t 5». 1626 .MAS
,

TexMDlT..

iBtCs, 1927

..M48
••-•

Inoonied. 1927
* West-lst 68. 1914 J&J
noranee A Bl Dor'do. l8t.7i>.A*0

A AUon-(Coutinued)-

Ohio.

86>«

BdB. Kan. C. lli>e,68,g..l903.MAI»
MlB8.Riv.Brldge,l8t^».f.,6s.l91J

87

71

71"*

77>«

Bid.

RAILBOAD BONDS.

Ask.

Lonls'aA Mo.g.,l8t.7s,190pi'&A
Louis's &Mo.R.,2d,7», 1900M&>.

78
80
93
115

Ask.

123 >« 126
120
117

Q—

."

H.7>4

122

Bid. lAsk.

Railroad Bonds.
can. Rich. ACnUc— let. 78, '95.JAJ
Cin. I. St. L. A Chic—Con. 68. 1920
1st gold 4s. 1936
CJln.Alndiaiiap., l8t.,7B,'92 JAD
J&.l
2rt M.. 78, 1892

104
109

75
tndlanap. C. AL., 78, 1897. .FAA
Hr I Tapkft'V & C, l8t ,7a, 94. A&U 114% 115
Cin. Laf.AC— ^^t.78.e.l901.M&i•
1141 II5I0
^'•Yo I8tguar.(504).78/»4AAO 115
Cln. Rich. & F. W.— l8t.78,1921J&l
E.C.Topek»AW.,l8t M..7«.g..JAJ
(360),78, '98..JAJ
do 2<1M.
108
Cinn.8and.& Clev.— 68, 1900. .F&A
115
7». M&h
Income
do
So 2rt guar. (188) 78.'98.JAJ
109
J&l
2il mort., 7b, 1890
70
irjlex.48o.P»o.lBt,78.1909.A4O 10S>t 109 >« ChlcA Atlantic-lst. 68.1920.MAN
J&J
32
Consol. mort.. 5«, 1928
Ri3So*Ark.V..l8t. 7B.(?.,1905
2d. 68, 1923
6B
131i« Cin. ASp.— 78, C.C.C. A I. 1901. AAO
.i-ViK"-- t1^ 130
190o..JAJ
BODon. ist, 78. 1910, »?uar. JAJ § e6H
(mio. B. A(i.-Oon8.,78,
{100
guar., L.8.& M.S., 1901. .A&O
Wlohlt«A8>..lst.78,g.;gua..l902
JAD 610114 I01>t 78,
Bonds. .^8. 189.1.......
lOO"*
laOH
Cln.Wa8h.&B.— I8t,gu,4ia8-68M&S
AAO 107
AtUnta 4 Charlotte Air E.— let.7a 119 106
sinking fund 1901
105
J&J
A&O 105Je'l05i« 58. debenture, 1913
MAN 10,ii4 105% 2d mort., 58, 1931 1931. .F&A
toSime. 68. 1900
58,
AAO 6112 II214 3d mort.. gold, 38-48,
Atlantic Clty-l8t,58,g..m9 MAN
Iowa Div. 58. 1919.
99 >< 100
AAO 9714 97% Income Ss, 1931
Atlan. 4 Dan.-UtK. (J8,1917.A40
Iowa Div.. 48, 1919..
74
78. 1893. J&D
FAA 95% 96>s Bait. Short L., lat.6a, 1927.. .J&J
AtlanUoA Pao.-l8t 4b. 1937. .J4J 73
1922
17
48, Denver Ext.,
A40 16>« 100
Clearf. & Jeff.— lat.
W. D. Incomes, 1910
MAS 92V|
4b. plain bonds. 1921
90
Osntral DlT., old 6b, 1691
^JAJ 5112 112>s Clev.Akron& Col.— l8t,68.1926J&J
Plain, 7b, 1896
2S
M&3
15
941«
M.. g., 5a, 1927
lucomea, 6s, 1922
do
MAN 9138 IIOI4 Gen. &Canton-lat. Sa. 1917.J&J
Neb. Ext., 48, 1927
20
aco.ld.gr. 68.1891
M09%
Cleve.
do
Bur. A Mo. R., I'd M., 7b,'93.A&0
l8t78.'99MAN
Cnev.Col.Cln.AInd.—
Angnsta 4 Knoxv.— 78, l»00 J&J
Bar.&Mo.(Neb.),l8t.6s,1918.JAJ 51191s 120
J&D
A40 ioiis
Consol. mort., 78. 1914
Baimnoie 4 Oluo -New 4b
JAJ;5107% 108
do Cons, 6b, non-ex.. JAJ
J&J
F4A 107>4 109
Cons. 8. F.. 7s. 1914
90
901a
Sagold. 1925
48, (Neb.), 1910... J&J
do
J&J 122
F4A
Gen. con. 68, 1934
110 112
Oonsol. cold 58, 1088
do Neb.RR.l8t.78,'96AAO 119 121
121>9 123
1899...J.feJ
Belief. &Ind.M., 78.
F»rker8bnrKBr.,68,1919...A&0
do Om.&S.W.,l8t,8s.lS96 104 105
105
Cleve. & Mah.Val,-G. 58, 193SJ&J
BchnylklU Rlv. East Side .'Ss, 192."^ 101^ 107
105
ni. Grand Tr.. Ist. 88. '90. ..A&O
A40 «105
125% 126
Clev. A Pitta.—4th M.. 68. 1892. J&J
Bterllng, 4'ib. 1933
128
Ott. Osw. & Fox R., 88, 1900. J&J 103
M&N
JAD «107 109
103 >4
Consol. 8. F., 7b, 1900
Bterling, 58, 1927
Quincy& Wars'w, l8t,88,'90.J&J 125»« 126
el08 110
J&D
MAS
Colorado Mid.— lat, 6s. 1936..
Bterllsg, 68, 1895
Atoh'n & Neb.-lst,78.1908 M&8 107
114
BterUng mort., 68, g., 1902.. MAS ell2
1071a Columbia & Gr.— lat, 68, 1916. J&J
Repub. Val.. iBt, 68. 1919.. .JAJ
125
A&O
do
68, g., 1910. MAN «123
2d mort., 6a. 19'23
99% 100
Nor.— 58, 1926. .AAO
Ohio; Burl.&
981a Col. & Cin. Mid.— Ist, 6s, 1911. J&J
Bait. A Pot'o— iBt, 68, R., 1911AAO 113
JAD
2d, fs, 1918
l»t,tnnnel,68. g..g'fl. 1911. JAJ 123
JAD 9815 9J Colum. Hook.V.&T.-Con.5s,193l
1896
Debent, 68.
89 H
89
JAD
Gen. 6b gold. 1901
Beech Creek-lst.g'Id. 4s. 1936.JAJ
FAA loo's 1071a Col.AHook.V.-lstM.,78,'97.AA0^107ia 110
Equipment 7s. 1903
73I4 731a
JAJ 111
BeU'BGap— l8t.7B, 1893
Chic Kan. A West'n.— Ist, 5b, 1926
2dM.,78, 1892..M-.I §102
19
do
BelTldere Del.— l8t,68,c.,1902.JAl! 117
18
.........i
Income 68, 1926
FAA 100
Ool. &Toledo-l8t7s.l905 F.^:.V 5113
Cons. 4a, 1927
120
>« Chio. A East 111.— Ist mort. 68, 1907|
do
2d mort., 1900. MAS Jlfc2
Boston A Albanj— 7b, 1892. ..F&A lOS^ 108
A&O 126 128
152'sl
Ist. con., 68. gold. 1934
Ohlo&W.Va.,l8t,8.f..78,lbiOM&Ni
JAJi 112
6»,1895
M&N 10358104 Col. Springf.&
lU8i«
114
Gen. con., 1st, 5a, 1937
lat, 78.1901. M&^
Ccnc. A Mon.— (Tons. 78, 1893j 108
Beet.
103
112
104
A&O 104 111 >« Chic. & Gr. Truuk-lst, 6a., 1900..
Consol. mort.. 68, 1893
Col. & Rome.— Ist. 6a. gu.Cent. G*.
114
Chii'. AOt.W.-lst,g..58,1936.JAD
J &J 110!l»
Col.AWeat.- 1st, 6b, guar Cent. Ga.
Impi ovemeat 6b, 19 1 1
104's
108»s Ch Alnd.Coal R'y.lstSa, 193d J&J
Boston & LoweU— 7b, 1 892 . A AG 103
Col. & Xeniar-l8t M.. 78,1390.M&>^IJ JOl J
JAJ 113 114 CUio. Mil. A St. PaiU— 1898. F&A 127 1271s Conn. & Passump.— M..78.'93.A&0
6b, 1896
J&J 110 llO^s P du C. Div..7lat, 88, 1898 FAA no's
5s, 1899
Conn. West.- lat M., 78, 1900. J&J .
104 >4
P D 2d M., 3-108,
Var. 104
„„
4s, 1905-6-7
Counecting(Phlla.)— lat. 68 ..MAS 'fl
1:6 129
119
R.D.. Ist. $, gold, 7a, 1902 ..J&J
MAN 106 112
Con8ol.Rii.ofVt., Ist. 58. 1'aiS.J&Jj 67% 88
4>fa, 1903
llSis il5
J&J
La. C, Ist M., 78,1893
JAJ 111^
Deb.Hs. '9:iM&Nj -.•
Malne-7B, 1893
Boston A
Cor. Cow. & Ant.—
J&.T 117%
I. & M., lat M., 7a, 1897
JAJ 114^ 11431
Penn.— l8t68,'91....M&S 101 102
7s, 1894
Hi's I'a. & Dak., Ist M., 78, 1899. J&J lie's 12714 Oumb. &
Bost. A Providence— 7s, 1893. JAJ 112
Cuniberl.Vai.— latM.,88,1904.A&o! •"•
t26ia
112
Hast. & Dak.Ex.l8t,78, 1910.J&J
5107 108
Bost.ABevereB'h— l8t,6a,'97.JAJ 110
J&J 101% 1051^ DaytonAMich.— Con. 58,1911. J&J
58. 1910
do
19^;9J&D
Bradford Bord. A K.— Ist, 69, 19321 25
& Mil., lat M.,78, 1903.J&J 128 128 Dayton &Union-l8t, 7b, A»vti.j*xj J125
Ohio.
20
Bradt.Eld.A Cuba— lst.68,1932 JAJ
-i8t i*i.,oB,
Dayt.& We8t.-l8tM.,68,1905.J&J J}1^^
/;a.
J&J 126
Cousol.. 78. 1905
J&J 4121
Brooklyn Ele.— Ist, 68. 1924. .AaO 112 1121s
iBt mort., 78;,1905
125
l8t M., I. A D. Ext., 78, 1908JAJ
JAJ 86»a 91
Sdmortg.Ss. 1915
II7I8 118>si Delaware— Mort., 68, guar.,'95. J&J
135
l8l M.,08, S'thweat Dlv.l909JAJ
Union Kl.— l8t, Gs, 1938. ...MAN 100% 107%
Del.& Bound B'k— l8t,7s,1905F&A ISO's 109
104
Ist M., 58. La C. A Dav.l919JAJ
Bnins. A West. Ist, 4s, 1938. .JAJ
J&D
JAJ 118 120% Del.Lack.& W.- <3onv. 78,1892 MA.H 1081s 1135
So. Minn, lat 68.1910
Brad.A P.— Gen.M.7s.'96.JAJ 104
Boll.
Mort. 7s. 1907
Chic. A Pac. Div. 68, 1910 ...JAJ 118%
Bnfl.N.Y.&Erle— l8t.7s. 1916.J&I) 142 145
Den. A R. G. Ist 7B,gold,190 J..M&N 124
do West. Div., .58,1921. J&J 108
97 >« 100
Buff.Roch. A Pittsb.— Gen.Ss, 1S.3'
J&J 791a 79%
J&J 101 101% lat con. 48. 1936
Mo. Riv. 58. 1926
Chic. A
Koch. A P.. 1st, 6s, 1921.. ..FAA 120 123
f&D 83% 86
Impr.. g., 58, 1928
Mineral Pt. Div., 5s, 1910... J&J 1051)'
JAD 118 120
Consol.. iBt tie. 19:2
Denv.& Rio G.W.— lat.O.a, 1311M&S
Chic. A L. Sup. Div., 58, 1921J&J 103
80
91«a 94%
Bnfl.A Southwest.- 68. 1908.. J.AJ
aasented Tr. rec.
do
10538
Wis. A Minn. Div., 5s. 192 1 .JAJ 105
99% 100
89'fl
Bnil. r. R. A N.— l8t.58,new, 1906
J&J 105 106%! Denv.S.P.A Pac— lst,7a, 1905 M&N 87
95
Terminal ns, g., 1914
S8,1934- A&O
Cons.lst Acol.tr.,.
DeaM.&Ft.D.—Guar.ls. 1905. J&J
12'4 112%,
Dubuque Div., lat, 6a, 1920. JAJ
43
1909 MAS 9-i 105
Iowa C. A W., 1st, 78,
lat mort., guar., 2iaa, 1905 J&J
Div.,
a Bap.I.F.A N..l8t,68,1920. A&O 971a V4" Wis. Val.South.-Ist, 68, 1920. JAJ 106 1061a l8t M on Ext,, guar. 18,190.'^J&J 87
68.a38.1921. J&JI
Fargo &
1921.... AAO
iBt, 5s,
do
Det.&B.C.lat,8a,en.M.C.1902M&N_5-Inc. conv. sin. fund iis, 1916 J&.r 100
OalUoT. Pao.— iBt M.,4it8,l 012 JAJ ios" 112
Det. B. C. & Alp.. l8t,68, 1913 J&J, 104
J&J] 101
Dak.& Gt. 80. 58. 1918
8d H.. 6s, g.,end C. Pac. '9 .J&J 101 >a 112'
Det.G.Haven&Mii.— E(iuip.68,1918ellO 119
1909.J&J 5 --•
Wieoonain Val.. lat /a.
8d M. (guar. C. P.). 6s, 1905. J&J 5105
AAO el 16 119
14714
Con. M., guar. 68, 1918
(niic.& Northw.-Con.78,1915.<a— F| 117
§115is 116
do
do
3b. 1905. J&J i 60
Det. L. & North.— lat. 7a. 1907.J&J
Conaol., gold,78, cp., 1902. .J&D 129
107%
Camden A Atl.— lBt,7s, g., '93.. JAJ '"'
D.. l8t,58,1927.MJt3
A&Ol 118 12118 Gr.Rap.L.A
39 'a
Sinking fimd, 6s, 1929
A&O
2d mort., 6b, 1904
A&O 109 111 Det. Mack.& M.— I-d. gr. 3is3. S. A. Si's
58,1929
do
JAJ
CoDB. 6b, 1911
Dub.&S. City— I8t.2d Div..'91. J&J
debent., 38,1933.M&N llois
do
108>4 109
104'a
i03
Canada 80.— l8t.'^8,guar.,1908,JAJ
97I4
F&A Og'a i"9's Duluth&IrouR.—l3t;53, 1937 AAO 92ia 9414
Exten.bda. la, 1926
MAS 97
2d mort., 58, 1913
&
M&N loo's 106% D.iluth S. 8h.P.—Atl.— 58,1937.JA J 110
106
25-yrB. deb. Ss, 1909
Cape F. & Ya.l.V.,lBt.»i8,8er.A,1916
l8t,78,g..l900J&U
Dunk. A. V.&
HI
Escan.&L.Sup.. lat, 6b, 1901.J&J
1021s 103 "s
Ist 6s, ser. B 1916
E.Tenn. Va. A Ga.— Ist, 78,1900 J&J 1231s 111
106
Des M.&MiDn'a,l8t.78,1907.F&A
Carolina Cent.— l8t.68,g..2OO0.J&J
J&J 110
Diviaional, 5s, 1930..
Iowa Mid., lat M., 88, 1900. A&O lOktewt8sa-Mort.,78, 1900.. ..FAA 121
MAN 106% 107>4
Ciinsol. 5a, g., 1958
82
Peninaula, lat, oonv.,7B,'98.M&S 120
OsdsrF.&Min.- l8t.78. 1907.J&J 76
J&O 92' 9314
iBt Ext., gold. 59. 1937
Chic. & Mil., Ist M. ,7s, '98. .JAJ ---.
Cent. Br.U.Pac.,l8t8,6B,'95.M&N 104
Equip. & Imp., g., .is, 1938. .M&3
96
Mil. & Mad., 1st, 6s, 1905. .M.&8. .116
Pond, coupon 78. 1895
MAN 103
M.jbile A Birm., 1st, 5a,1937.J*J
Madison Exl., Ist, 7a, 1911. A&O §133
93
i;3
Atch.Col.&I'ac.,l8t.68,1905(S.—
Kioxv. AOhlo,l8t, 68, 1925. J&J
Meui)niineeExt.,lst,78,1911JAD }133
90
Atch.J.Co.&W.,lst,6s,1905.cJ,—
J&.I 114
Ala. Cent., lat, 6a, 1913
Northweat.Un., lst.7s, 1917. MAS H38
Cent, of On.— lst.con8.,78,'93.J&J 108
East. & W. Ry., Ala.-lBt, 6a, 1926 §12713 128
Winona&St.Pet.— 2d7B.1907M&N
CollafI trust 58, 1937
M&N 1C0>« 101
Eastern, Maas.-6B. g.,1906. .MA^
118
Ott. C. F. & St. P., ^8. 1909.. MAS 108
Pav.A Weet.. Ibt, guar., 1929 M&8 lom 102s
Eaaton A Amboy-M..58,1920M&N 105 106
North. Ilia., lat, 59, 1910.. ..MAS 110
Central of N. J.— l8t,78, 1890. F&A 101»8 101%
Klizab.l.ex.& Big 8.-68, 1902.MAS
Chic. A'Tomah.— l8t,68.'05.MAN eil7
Gen. mort, 5s, 1987
J&J 113 1131s
EliniraAW'mspfr-lat 68,1910.JAJ 105'
Cedar R. A Mo.— lat, 7b, '91. FAA §104
7s, conv., 1902
M&N 125
Perpetuiil58
M&NIH34
V'-^'^S §100
Istmort., 78, 1916
Oonsol. M.. 78, 1899
Q122>e 122%
Erie A Prtt8b.-2d; 78. 1890..A&O 112
mort.. 78, 1909, guar... J&D n22'j
Conv. dcbcn. 68, 1908
2d
M&N; 119 128
Cons, mort,, 78, 1898
•/SJLn, 108
8. C.& Pac., lat. 69, 1898. .J&J
Am. Dk.A Imp. Co.,5b,1921.JAJ 112
Equipment, 78, 1900..
--•A*<^i*^°^
Leh.A Wll.— <on.7a,g.,1900,aBB.(, 115
Chic.Pco.A St.L.-Gu, r,8,192S.M&S
Evaoa.Alnd.- l8t,guar.,g.,69,1924 114 115
Men gage 5b, 1912
MAN
1061s Chlc.R.I.A Pac— 68,iyi7,coup J«J
lat, con., 1926
••;-„-;, "I 'Si
JAJ
Cent. Uhlo— Ist M.. 68, 1890.. MAS 101
Exten. A col. 58, 1934
120
Evaua.A T.H.,lst con..6a,l921,J&J 117
CUlc.A8.W.,l8t.7e.guar.,'99..MAN
Eeorg. cons. lBt,4ii8, 1930. MAS 100
Mt. Vernon- ist, 68, g.,1923A&0
.'.8. 1932. A&O
116
Chio. St. L. A P.— Ist,
Cant. Pac.-lBt, 6a, gold, 1895 .JAJ
68, g.l900 100
Evanav.T.H.&Ohl.-let.
1st, 6b, gold, 1896.
Chio. & Gt. East., lat, 78, g3-'95.
105
JAJ 114% 11614
Ist, 6b, gold, 1897
Col.&Ind. C, lat M.,78, 1904.J&J
107
JAJ
2ii M.78,1901.M&N
1st, 68, gold, 1898
do
J&l 117 ii7»B
:-;:;;:.".v.'...A&oiUo9'siio
L''1|97
tJn.& Logan8p.,l8t,78, 1905.A&O
B Joa<|uin,l8tM.,68,g.l900.A&0 116
78;i894;.v.v.v;.;:::
Cal.A Or. C.P.honds,68,«.'92 J&J «107
109
Cin. A Chic A. L., 78, 1890 FAA
**oinii^tio^
M&S §103 ,!""•
.v^..
4»S8, 1897
Laud kTiint M., 6b, g., 1890. A&O 104 104>g Chi. St P.A K.C.-lst, g, 58,1936J AJ
*^*>^ ^ 94 Is 93
4s, 1907
Mortgage bonds, 6b, 1936. ..A&O 108
ChlcSt.P.Min.AOm.— Con. 68, 1930
99
Boat.H.T. & West., deb. 5s, 1913. 124" "'125
114
West. I'acif., 1st, 68, g., '99.. JAJ 112
Ch.St.P.A Minn. lsl,68,1918MAN
68,1920. A&O
Flint & P.-Marq.- M.
Ceniralof So. Car. lat 6b,1921.JAJ 104 105
St. Paul&S.City, l9t6B.1919.A&0
108
M&N 1061a
Ist. con., guilt. 58. 1939
CharrteCol.AA.— Cous.,78,'95.JAJ 110>s
ChicA W.Ind.-8.f<l. Ga, 1919 M&N
Fia. C. & Pen.— I8t, g.,59,l9lS.JJiJ
Q—
General mort., 6a. 1932
2d mort., 7a, 1910
A&O 120 121
98 >4 93 't
lat, 6s, 1921
Ft. Worth & Donv.
Consol.. go d, 68. 1933
J&J 1C6 109 Chio. & W. Mioh.-5s. 1921 ...J&D
Frem't Elk'u& Mo.V.— 6a,l933A&0 §124 |-,-„
Cbartlcrs- lBt,7s, 1901
A&O
Cin. & Balt-lat. 78, 1900. ...J&J.
Unstamped.. |l22is 122
do
do
Cbes.40hlo.— Pur.naoney f<1..68'98 i'l'i' iVS's Cin. Georg. & Posts.- 68, 1901 .V&O
Gal.Har.A3an Vnt.— l8t,63,g. 1910.
BertesA,6B,1908, coups, off. AAO 121
Cin. Ham. &Dayt.— Conaol. 58 A&O
J&IJ lOJ 103
2d mort.. 78. 1905
A&O
es. 1911
120
A&O
Consol. mort., 78, 1905
93
West. Div. l8t, 58, 1931. ...MAN
A&O
Ches.AOMoRy, iBtSe, 1939. M&N 10: =8 102'8 Conaol. mort., 68, 1905
Gal.Houa.A Hen.— lst,5s,19l3A&0
0«es. U. 4S.W.— M.68, 1911..K&A 10914 112
2ilmort., gold, lias. 19 J7. JAJ
J&J i'u"
1910'.
Georgia 6a,
2d mort., 6b. 1911
FAA 76>4
Cin. H. A I., lat M., 78, 1903.JAJ
Georgia Paeilio-lat, 6a. 1922. J&J 113
CheBblre-(i8. 1896-98
JAJ'jllOis 111
Cln.Jack.&Mac.-lBt,.5s,1936. J&D
85
84
Con. 2d mort.. Ss, g 1923... A&O
90
Chic. & Alton— iBtM., 78. '93. .JAJI
Clu.Van W. A.Mi.li. - l8t,68,l901
32
122'
nOJH Con. inooiue. Si, g., 1923 -VAOl 31
Bterling mort., 6b, g., 1903.. JAj|el20
can. Leb. & Nor.-lst, 5s, 1916J&.T|
Amaterda-n.
aOaponoi.
« In
e la London.
Price nominal; no late transaotlons.
4 Purohaser also pays accrued Interest.
Wleb.

r

,

.

-

,

'

C—

.

.

.

.

.

,

I

I

. .

n

,

1

%

•

—

C—

—

,

M

J
J

September

A

'

\

J5

3«5

THE CHEONICLE.

31, 1889.]

GBN-BRAL QU0TAT[0^C3 OF .STOOKS AMD BON'DS—Costisdbp.
For Eiplanallort* See Note*
Bid.

Bailboad bonds.

Qr.Rap.

A

lud.— I8t,

!.«.,

iib'o'

K'd, 7s, g.

98
122

l8tM.,7a,l.K.,golfl,not guar.A&O (117
110
graut, Ist 7s, '99
MAS 89
Consol. .5r, 192-1

Kx land

Uead of

Page of (taotatlog*.

Plr«t

Bid.

BXILBOAD BOKDS.

A8k

1023a, 1021s

GrCar(.1.4No.-l8t.58.g.,l!)29.,I&J
Ga. So. A Fla.- Ist 6b, >;, 1927 J<&J

at

.•sT.N.A.&Clilc- lRt.B8,1910. J AJ 117
AAO 104i« 105
Con. roon. 68, 1916
Ind'ap. Dlv.. «fl gold, 1911,. FA A 108
9739 97 »»
l8t6a.g. 1917.M.A8.
Loulav.So.8414 85
Extensiim. 68
do
89 1«
Lo'lsv.N.O.&Tei.-lat.48,1934MA8
MAS 40
2draorf,. Inc.SB, l!i34
99
6a,g.l917.F&
l.oulB.St L.AT.— 1 at
MalneCent.— Mort. 7s, 1898... J&J 120 121
112
1900.. .AAO 110
Etten. bonda, 68, g.,
AAO 131^ 132
Cms. 7s, 1912
102
1890-91.. 101
AnIroBCOg.A Ken.. 68,
Leeds & Fami'gt'n, Ga, 1896.J&J 109 110
109
'ItR.AAO 107
Portl. A K..Con8. M., 68.
106
Debenture. Ga, 10-20R. 1905. P&A 104

62
81
Or.B'yW.&St.P.— lst,69,1911.F.&A
\7h
2d, incomes, 1911
Han. & St. Jo.- Con. 6a, 1911..M&8 119 120
Kan. C. A Cam., lOs, 1&92 JAJ 114 116
99
Hart. & Conn. West.— 58,1903 J&J
Housatonlc— Cnns. Ha, 1937 .MA-N 106
74
67
Ho'st.E.&W. Tex.— l8t.7B,'98.M&N
H.A Tex.Cen- l8t 7r, Tr. rco..l891 11614 118
117
West.Dlv., l8t, 78,Tr.rpe.'91. I&J
Man. Beach Imp., Urn. ,78,1909, MAS
WaooAN.W.,l8t,79,i;..1901.J&J IO5I3
128
Mar-ta& N.Ga.- lBt.68,g.,l»l 1. JAJ
Cona. mort., 8s,1913,Tr. rec.^&O 120
80i< 81
Consol. I8t6a, 1037
•'*•'..,„,,
Oen. mort. 68, 1925, Tr. rco. A&O
lOlis
Marq'tte Ho.A 0.-Mar.AO.,88. '92iil07ia
Hunt. 4 Br.Top-lst, 78, '90..A&0
MAS J107
«. inns.
F&A 111
1895
2d mort., 7b, g.,
A&O I03i« IO314
Cons. 3d M. 5s. 1895

miDolsCcn.- lstC.&S.,6a,'98.J&J 112^
J&J "9315 109
l8t, gold, 48, 1951
95
J&J
Gold, S^s, 1951

BAILBOAD Bovds.

Ask.
N.

Bid.

isk.

Y. Lake Erie & Wc8t.-(Ccnt'd).

l8t con

).

fundcoup.,78,1920

MAS

Reorganizat'n lat Hen, 68, 1908
Gold Income bonda, 68, 1977. ...
Long Dock mort., 7b, 1893. .JAD
con. g., 6a, 1935 ..A&O
do
N.Y. &L Br'ch- lat, 58, 1931. J&D
N.Y. A North.-lat g,5s,1927.AAO
2d gold 18. 1927
N. Y. N. H.

A

115

H.latr, 4fl,1903.JAn

N.Y.Ont.A W.— Ist, g., 6b, 1914MA^
JA»|
Consol. 5a. g.. 1939
N. Y. A N. Eng.— l8t, 78, 1905. J&.1
JAJ
lat M., 68.1905
FAA
2d m.,6a, 1902
F&A
2d 69 (scaled to 3a)

N.Y.Pa.&O.— l8t, Ino.,acc7a,1905
do

prior Uen,lno.ao.,6s,1895

M&N
Equip. Trust., ,5s,1908
2d mort. Inc., .58. 1910
3d mort. Inc., 58, 1915
Leased L. rental trust, per deb. 48
West. ext. certifs, 88. 1876.. JAJ

103
108

106
108

do
78, guar. Erie
do
2d mort., 7a, extemlod, 1915.J&J 122
N.Y. Phil. A Nor.— Ist, 1923 ..J&J
JAJ 116
Ist consol. 78, 1915
A&O 103 Hi
AAO
Col. tr., gold, 48, 1952
Income 68, 1933
122
l8t,cona..Tenn. lien, 78.1915 J&J
Middle Dlv. reg. 58, 1921. .. F&A 115
N.Y. Susq. A W.-Deb. 68, '97.F&A
J&J lu5
110
Gold. 68, 1924
JAJ 101 101
Sterling, S. F., 5s, g., 1903. .A&O *}0S
115!ll 116
lat refund., Ss, 1937
M.<trop'n Elev.— lat, 68, 1908. JA-l
el ^
113
81i«
FAA ?0
Sterling, gen. M..68, g., 1895.A&0 '' 11
MAN 108 108 Is 2d mort., 4ia8, 1937
2d 6s, 1899
J&D el06 108
67i« G8
Sterling. 58.1905
Mldl'd of N. J.-l8t,6s,1910. AAO 1181s II914
Mexican Cent.— Con. 43.1911.. JAJ i
1897. 120
120>*
Chlc.St.&N.O.— lat con. 78,
311* 31% Norf. & Wfst.- Gen., 6S. 1931 M&N
July
Istcon. Ino. 3s, 1939
J&I' 119
A&O
2d, 68. 1907
New River let 6a, 1932
18
19
July
120
2d cm. Inc. 3a. 1939
M&N 118
Ten. Hen, 7s, 1897
68. 1934. ...F&A
A&O 5102J4 102% Impr. & Exten., 1924
10a. 1895
Debenture
J&n
Q.— M.
6b. 1951. gold
Ailjustment 78.
Mexican Nat.— lat, 68, 1927.. JAD LOl
101
Mem. Div.. Ist 48, g., 1951 J&D
JfeD
Enuipmont, 58. 1908
59
2d M.,Ser. A,luc.,6a,19J7...M&S
JA.T
tnd. D. & W.— Gold, 5a,1947. A&O
Conv. deb., Ga, 1894
15
17
36
?d M., Ser. B. lnc.,Gs,1917.. April
98is rgis
J&J
2dra inc. .=i8, 1948
130
Clinch V. D., 1 at pq,5s,1957.MAS
Con8ol.,78, 1902.M&N 129
931a 99's Mich. Cent.—
Ind. Deo.&Sp.- l8t,7a.l906.A&0 ,,,
Sp.- lat.
A Petersb., 2d. 88, '93- JAJ 109 111
114
Norf'k
MAN
Consol. 58. 1902
511*
100i<
Ind'poll8& St.L.-lst,7s. 1919. Var.
Is 100%
Bo. Bide, Va., ext. 5-6-88,'90-1900
lat M. on Air Line, 88, 1890.J&J §100
Ind'apoIl8& Vln.— 1st, 7s.l908. F&A Ills
2dM.,ext.5-Gs,'90-190u' 101
do
Air Line, Ist M., 88, guar... M&N ^lOlia 102
2d mort.. 68, g.. guar.. 1900.M&N 104
3dM..68. '96-1900.J&J 105
do
MAS]
105 108
68, 1909
Int. A Gt.North.— l8t.6s.l919.M&N|
i'l'eis
Va.A Tenn., 4th M.,88. 1900. JAJ 10'2" 129
MAS!
70
58, coup., 1931
M&S, 67
2d cinp.6a, 1909
extended 58,1900.J&J
do
J.L.&Sag.Cona.l8tM,88,'91.M&S floe's 107
87
Iowa Cent.- lat g., 58, 1938. J&D' 86
M&S 102 103 North Penn.— lat,7a, 1896 M&N 118
68,1891
do
l8t,7s,l917.A&0,, 1311s 132
J&J 130
fa Falls A S.
Gen. mort.. 78. 1903
(guar.M.C.) 120
117
JoUet A N.Ind.,lat,78
Jaoksonv.S. E.— lat, 68,1910. ..J&J 5
M&S
Debenture 6a. 1905
98 i'di"
100
Midd. Un. AWat.Gap— I8t..5a.l911
J&J
Gen. mort.. 68. 1912
81
77
Northea8t..8.C.— 1st M.,88,'99,M feS
1396
94
2d 5a. quar. N. Y. 8. & W.,
M&S
Ch. P.&Sr.L..lst.58.g., 1928. MAS
2d mort.. 8s. 1899
Mli.USh. AWeat.-lsf 68.1921. MA^ 124
98
106
Utch'ld C.& W., lat.6a,1916.J&J
J&J
Consol. gold. 6s, 1933
F&A 103%
Conv. deb. 5s, 1907
100
I.onieTille A .St. L., 58. lfl27.A&0
1907. .JAJ
68,
Ext. & Imp. 8. t. g. 53. 1929. .F&A 103^8 lom Northern, Cal.— 1st,
108
Jefferson— Ist 58. gnir. Erin ..1909 105
115
Northern Cent.— liss, 1925. .A&O 109 iTo"
J&J
It
115
Mich. Dlv., Ist. 6a, 1924
,611
Jett. Mad.&Ind.— lst,78,1906.A&O
.AAO 119
2d mort., 68,1900
Ashland Dlv., 1st 69, 1925. .MAS US
J&J ^^I23is 1241.
JAJ §12
2d mort.. 78. 1910
i26>i
Con. mort., 69, g., coup., 1900. J&J 119
M&N 105
Incomes, 68, 1911
Kanawha&O.— Istds. 1936 J&J loci* IOOI-.
104
Mort. bda., 5s, 1926, serleaA J&J 119H
St. P.E. AGr. Tr'k, 1st. guar.. 6s. 1021a
Kau. C.Clinton & Spr.— lst.58.1923
series B
K'SHillO
do
120
Mil. A No.— lat. 6s, 1910.... J&D
Pleaa. Hill & De Soto, Ist, 7a, 1907 118
J&J
106 107
Cona. M. 68.,1904
Ist, 6s, on extension 1913.. J&D
Kansas C. Lawr. & So. Ist, 6a. 1909 100 100 14
95
100
Con. mort, atg. 6s, g.,1904...J&.J
73,1927.JAU
Kan.C.M.&B.-lst, 58,1927. MAS too 100 « Mlnn'p. A St. L.— Ist,W., 1909. J AD 85
Union RR.— l9t, fcB, end. Cant.,'9D
123
M., Iowa CityA
123S
l8t
K.C.St.Jos.&C.B.—M. 78,1907. J&J
115
North.Pac— Gen.lst. Ga. 1921. J&J
75
JAJ 54
2d mort., 78, 1891
Nodawaj- Val., Ist, 78,1920. JAD 110 112
7714
Gen. land gr.,2d, Gs, 1933.. .A&O
8outliwest.Ext.,l8t,7a,1910.J&D
K C.F.8o.AMem.-l8t.68,1928.M&N 114\ 115
85
land gr., 3d, 68, 1937. ..JAD
Gen.
Pacific Ext., lat, 6a, 1921.. AAO
Current River, li-t. 58 1927.A&0 100 ioo-«
DIvld.nd scrip ext. 68, IP07.JAJ
JAJ
I17is|
Imp. A Equip. 68, 1922
K.C.Ft.ScottA G.— l8t,7s,1908 J&D 5117
92
94
Pen D'Oreille Div., Gs, 19 19.. M&S
9714
Mlnn'p. * Pac, lat, Ss, 1936. .JAJ
JAJ
Kan. C.Wy.&N.W— 1st 58.193?.
M&.N
96"'
941s 951s
Mo. Div. 6a, 1919
M. & Atl.-l8t,58,in26
85
Minn. 8. Ste.
Ken. Cent. Ky.— Gold 48. 1987.JAJ
92
b8
Jamea Riv.Val.— l8t,g.,Gs, 3bJ&J
1934. .JAJ
Ksoknk&DesM.— l8t.58.guar.A&0 106 IC6I2' Minn. A N. W.— 1st, 5s,1932 ..JAD
Spokane & Pal.,l9t Ga, 1936. M&N
1021s
lat, 49,
10413 MIss.ATenn.—
Kings Co. El.- Sr. A.^'s. 192>...1&J
9313 95
St.P.&Nor.Pac. gen. Gs. 1923. K&A
Mo.K. A Ter.Cons.78., 1904-6. FAA
Kings. & Pemb.— lat, 68,1912 JAJ
JAD 63 >i 63% IlelenaA Red Mt.l9t,Gsl937.M&S
ConsolidHted 6s, 1920
Lake E.& West.- l8t,g.,58,1937J&J II514
571* £8
Dul. &Man.. lat. Ga, 1936.. .J&J
JAD
Consolidated .59, 1920
Like Shore & Mich. 80.—
Dak. Exr..lst,s.t.68,1937.J&D
l8t, Gs. g., 1899. (U. P. S.Br.jJAJ
CI. P. AAsh., new 78,1892. .A&O
No.Pac.& Mon., l.st,68. 1933. MAS 104
124
Han. A C. Mo., 1st 78, K.,'90.MAN
Bnff.&E.,newbds,M.,7a,'98.A&0 122
Coeur d'Al.,lat.g Ga. 191G.M&S
1920... M&N 114
Mo. Pac—Consol. 6a,
D6t.Mon.&Tol.,lat,78, 1906. F&A
do Gen. l8tg.,68, 1938... AAO
J&J 103 105
Pac of Mo., 2d 78.1891
Kal.& Wh. Pigeon, lat.78,'90..JAJ 101\ 103
g.G3.1933. VIAS
FAA 96'': 9938 Cent. Waah'D, lat -l8t,68.'33.JA.r 111 IIII4
latext. g. 4a. 1938
Dividend bonds, 7s, 1899. ..A&O 123
North. Pac. Ter. Co.
AAO
Car. B.. lat 69, g. 1893
fake 7'lu>ve,cons.,ci>., lat, 7s. J&J 127
117
M&N 120 125 Norw'h AWor.-l8tM.,68.'97.^M vS 5U« 101
127
3d mortgage. 78.1906
do oons.,reg.,l»t,7s,1900.Q—
93isi Ogd'nsb'g&L.Ch.-l8t M.68.'97^AJ 5 100
M&S
^
Trust, gold, 58, 1917
do oon8.,op.,2d.7B,lJ03..J&D 127
MAS 5100% 101
linking fund, Sa, 1890
l9f,53,l926.J&J
Leroy A C. Val.,
do con8..reg..2d. 78,1903. J&Il 128
101
A&O
Consol. ,68. 1920
Mobile A 0.-l9t, gM, 8a, 1927 J A > 116
Mahon. Coal RR.l8t,58,1931.J&.I 108
20>«
55
Income. 6s, 1920
M&8 54
A--^--i
Gen mort.. 48, 1938
Lehigh Val.— Ist, 6s, 1898. ...JAD 1191s 120
pfd.5s,l938..Q-J
Ohio L & W.— 1st
Q— 110
lat Extension 6s, 1927
M&S 137 13'<
2d mort.. 78, 1910
Q-J
lat 5s, 1938
1 3t preferred debentures
J&I' 13iis 138%
Gen. M., 6a, g., 1923
Q-J
75>t 80
Zd 58, 1938
93
St. L. A Cairo— 43, guar., 1 93 1 .JAJ
Lltclif. CarAWeat, l.stg.68.'l6JAJ
l8t aoc. int. cert
Morg'u'a La.ATex.,lst,68.1920J&J
L. Miami— Renewal 58,1912. .M&N iii" 114
A&O i'2"ir i"2'8" 2d aoc. int. cert pf.. 78, 1900.
av.;"
lat mort.. 78, 1918
L. Rock A Ft.S.— lat, 7b. 1905. .JAJ 5 991s 100
Ind, Bl.&W.-l8t.
MorrisAEsaex- lst,78, 1914 M&N 14814 149%
70
Little R.A Mem.-l8t.59, 1937. MAS
2'
Consol. inc. Trust rec
F&A 105 14 lUS
mort. 78. 1891
2d
1231s
Long Island- l8tM..78. 1898.M&N 12
Ohio & Miss.— Cons., s.fd.78,'98 JAJ
J&J 123
Conv. bonds, 78, 1900
Ist consol. 58. 1931
Q— II7111
JAJ
Cons, mort., 7s, 1898
A&O 131
General mort.. 7s, 1901
99 is
Gcn.M. Is, 1938
J&D 93
A&O
145 14513
2d mort., 78, 1911
J&D
104
Consol. mort. ,79, 1915
N.Y.AR'yB'ch.Istg.f*8,1927.M&8
-•J*5
10713 108
1st gen, 5s, 1932
Nashua* Lowell-Gs, g., '93. F&A ,108 no
2d mort. Inc.. 1927
S
112
l8t,Si.ringf. Dlv.. 7a, 1905 M&N
F&A
58, 1900
N. Y. A Man. Beach. 1st 7s.'97,JAJ 110
103
isass 13378 Ohio River RR.-lst. 59. 1936.J&D
St. L.— 1st, 7s,1913 JAJ
Naahv.Ch.A
N. Y. B. & M. B.,l8t con. oa, 1935 100
A&O
gold. 5a, 1937
llOHf
Gen.
J&.I
2d mort., 6s, 1901
Brook. A Mon.,lat6s, 19 11. F&A 120
J&D
Ohio Southern— lat 6a, 1921...
Consolidated gold f-a, 1928.. AAO lOb's 107
MAH 111
l8t 58, 1911
2d Income, Ga, 1921
JAJ
2d, 58. 1938
I&D 107% 109 •» Na9hv. A Decatur— lst,7a,1900.1912 no
F&A
100
Old Colony— 68, 1897
A Col.— Ist, 68,
Natchez Jack.
8mlth.&Pr.Jcff.,lBt.78,1901MA8 112
J&D
1041s
68, 1895
N. J. Junction, lat, 4s, 1986. .FAA
Lou'v.C.&Lex.— I8t,78.'97 J&J(exi ,1121s 113
M&S
'I'oo"
78, 1894
69, 1910. ..MAN
2d mort., 78,1907
A&O .120 121 N J. A N.Y.-l.-(t, 6a, 1899.. JAJ 101
A&O
1904
4His,
110
N. J.Soutliem— lat,
Lou'v.Ev.&St.I^— lst.6s,l926.A&')! .109
J&D ^,„,_
85
80
4His, 1897
Gs, 1926. .MAN
2d mort., 2-68, 1936
A&O 66 67 N O. A Gulf.— lat,-Prior 1.68. 19 1
J&' ^lOS
4s 1938
110
N. O. & Nortlieaat.
E. R. AE. Div., 1st. 6a, 1921. J&J ;i03
119
Bo'st-C. &Flt«hb.,l8t,78,1890J&J U'JO
M.,G8,g.,1904.MAN «ii7
N Y & Can.-£
n. T. C.&C.J9t68,g., 1927. AAO ,101
It
F. & N. B., 58, 1910 ..J&J JU3
B. C.
i2i"
N.Y.C.& Hud.Riv.— Exi'dSs. M&N 103
Louis. A Naah— Cons. lat. 78 1S9S 120
N. B'idford RR., 78, 1894 ..J&Ji5ll2
JAJ 133 135
Mort., 7s, coup., 1903
Oeoilian Br., 7b, 1907
MAS 105
113
Omaha & St. L.— lat, 48, 1937. .J&J
M&S
Debenture 5s, 1901
no
Louis. CIn. & Lex., 6s. 1931. MAS 109
125
Orange Belt— 1st M., 5s, 1907. ..I*J ....
Gs, g., 1903... J&J el23
Sterlingmort.,
Mem. A 0..stl., M.,78, g.,1901JAli el20 123
J*^ "J"?. 104
Oreg.ACal.-lat5a,1927
96 H) 97
N.Y.Cliio&Sl.b.-l9t.,48,1937.AAO
115
M.&Clark8V..8t'g,6s.g.,1902 FAA ell2
116% Oregon&Tran9COnt.-6s,1922M&.vl 104% 105H
N. Y. Elevated.— l9t, 7s, 1906.JAJ lieu
K. O. & Mobile. Ist Gs, 1930. J&J 114
ARome-lstM.,7s,1915.MAN 5124H1
37
08W
106 i'io' N. Y. & Gri'cnw'd L.— 1st M. Inc. 68 33
do
2fl, 6s, 1930. ...JAJ
Ox.ACIark.— Ist, p.Al.gn. 68.M&S 107
10
7
112
2d mortgage income, 68
Peasaoola Div.,let,6a,1920..MAS 109
1937. .M*N 103
Ist Interest guar.,
N.Y.&Harlem— 78,coup.,1900.M&N 129 1311s Panama-Sterrg M.. Ga g. '97.AAO elo6 luS
117
8t. Louis Dlv.. lat, Gs. 1921 .MAS
78.
l8t, 6s, 1921. J&J 1361a 137Hi
Lack.* W.—
65
eioa
1C8
do
2d.. 3s.. 1980. MAS
Eng. issue, 69
Subsidy bonds,
F&A 121'
'2nd, 5s, guar., 1923
131
Sash. A Dec, Ist 7s, 1900... JAJ 1221s 124
122HI Penn.RK.— Gen.M,G9,op.,1910Q--J 124
E. H. AN., Ist 63, 1919
J&D 115 117 N Y L.E.&W.-l8tM .ex.78,'97M*N
Gs, laos:... ...Q--M
Cons, mort.,
Gen 1 mort., 6a, 1930
JAD 11*14 114% '2d mort. extendod,58,1919.MA8 iVo'
CoHat«ral trust, 4Hi8, 1913. .JAD 1081s
3d M. oxtcniled.Has, 19123. .MAS
So.&No.Ala., 8. P. 68,1910 AAO 10714
Consol. 58, 1919 -.-.-•-- •••J*'? 1121s
4th M.,exten(l"(l, Ss, 1920. .A&O 118H> 12lHi
103
Truft bonds, 68,1922
O— Ill's
Penn. Co., 6s, reg., 1907 ....q.--J Ill
48, 1928. J&l) 10313 IOII3
5tU M., exteudoti,
llli.
Ten-forty Ga. 1924
MAN 195
Ist M., 4138, 1921.J&J
do
MAS 138%
l8t oons. M., 78, g..l920
107
'96. J&D 1181H 119lM&N 105
50-year gold, 58, 1937
J&l) 103 Hi lOl^s Penn.A N.Y.Can.- Ist. 78,
136^
New 2d 00U8.68, 1969
J&D
Col. tr, gold, 58. 1931
MAN 102
78, 19JG
MAN 90" '9"6% lat mort., 1933 con.
I1I6
Collateral Tr. 68,1922
Pensa. A Atl.— l8t,6a,gn,'21.FAA 100 Hi!
A&O
A RR. 5e,
J&D
Fund. 59, 1969
9713
Na*h.F.A8.lRtgd g..>s, 1907. FAA
( In Frankfort.
oS,
llCoupoa
etn \Mn Ion.
{Porohaaer also paya accrued Interest.
•Prices nominal; no late transactions.
.

.

!

.

,

—

C—

I

1

.

,

[

.

i

.

,

.

NY

J

.

THE CHRONICLE.

366

GENERAL QUOTATIONS OF
For Bxplanatlons iMe Notes
Bailboad

PaDa.A At)»rtlc-lM.6i>,1921.F*A
Too. Dec. A Ev.— IKI. «». l»ao .1*.! 107'< 110
MAN 70>*
SdniortKKtio .'(r, I93K
105
SrannTrilr Dlv.,lsi 6«.1920.MAK ir4
Pe<).AP.kliiUr.-l»i.6«,1921.q-K iia
M*N 65 "ii'
1921
2dniort .4>t«.
lOft
Perkloiiu'ii— Ui »er. &», 1918 Q-J
102 Hi
t<.—
SdMMles 6». 1918
107
Feterrbiirit -CI*** A, 8a, 1926. J*J US
AAO 107 108
1028
a«8»B.6ii,

I

7m

niU».* F.-Gen.«u»r.,6s.g.,'20J&J

AAO
Oeorial
A<kO 103
Qenrnil 4|i. 1920...
Kilr— in. 7i>. 1897.. A*0
BuDb. &
VkHa. A Beart'g— l8t, 6s. 191(>.JdtJ
A*0 113H
aa,7».189.1
6s.

aansol.M.,7s.l9U. reg.d:
OddsoI. mort., 68. 1911

J&l-

A&O

uiort.,68, '97

bopiovement

101
IS

OonK.&8. (i>( 8t'riP8.l9l2....M<tiN
....
Deferred iucouie 6r
lat prff. luc,

2d

•^«

prof. Inc. Ss,

82»6

Kew

PlneOrrek-

110
105

117

US'* 116
131
150

J&J

Sd mort., 78, 1912
Sd mort. ,78, 1912

1451a

AAO

JAJ| lfc9
Pltteb. June. Ut 68. 19^.2
Pitlpb. &l-iike K.-2d,.'ii<, 1512H
§
rittsb. McK.A Y.— l8t.6e,1932.J&J 115
98%
Pitta.Paln.AK.— l8t,g...^8.l«HiJAJ
84
Pltlab. A West.— iBi, 48. 1917..IAJ
Pitta. Y. A Aeli.- l8t,."is.lili7.MAN
ABlital ul« & Pitts.-'ai en. I9t 8. 107

84 >4

120
108

Portl'nd.VOub'g— l8t68,g.,l900J&J ^118

PortRoyKl&Aug.— let,68, "gg.JAJ 106
Income mort., 6», 1899
JAJ to

1031a 104
90
C—
2d inc. 6». 1916
.TAJ
Piov A Wor.es.— 1st 's,1897.A&0 }116i« 117
Ben.AS'toga— lRt78,1921 cou,MA^ 150 155
6714
67
SUch'd A AUegli— Isi.Dicx.rtccip 8
2rl mort. Pa, 1916, trust leieipts.
351s 36
Elcb. A l)!inv.-Coii.. 68,1890.MAN 101
QenerBl mort., 68. 1915
JAJ 117
Deboniiire, 68. 1927
AAO l(3is
Con. gi.ld. f 8, 1936
AAO 91 92

2d mort.,
Well.

A Wrsi

Col. trust.

Pt.Ter..

Ut.

?p,

iVi"

MAN

1910

6s,

<

8,

914

1897.

105

103

FAA

99

WAS

83

81'4

S'>iue A Carrollt.— 1st, 68. g., 191ti
Boms A Di-c — lst..68. l»2(i... JAI)
omeWat'nAO.—e.F.,78,1891 .,t AD

95
108

107
2d mort., 78, 1892
JAJ 107
VouMii.. eXi-iKlrd OS. 1M22.. AAO 111

Kor.AM.

-?8t gil.,g..58,19'6

112

AAO

E W.AO.Tcr.-lsl,KU..g.,58,<!)l>'.

Katlanu— let

M.kH 5111«i 112

M., 68, 1902

Kqutpmenl, 2d 5s. 1-0-1
FAA nooi4'ioois
8t.Ju.AUr. iHlM— lst,guar.68,1925. 106 "4 lie's
2d uioi I.. iDcomes, 68, 1925
5u
Kan. C. A Om. Isl 58. 1927.. JAJ "85
87%
Bt.L.Alt.AT.11.— Ist M., 78, '94.J AJ
Sd mort., pref., 78, 1894 .... FAA

2d Income,

120

ChSt.
8t.

do

46
124

4514

no
99

I,.* Pa.l.,ist,g., .".s, 1917.
Isr, 48, li'31..MAS
2(1, liicouic.'^s, 1931 ..MAS

U Bnutb.,

Caib. ASbuw., lttg.4s,lt.3?.MAS
A Tex. 1st 6s, 1936. MAM

Bt. L. Ark.

2d mort.. 6b, 1^36
FAA
Bt. L.AClilc.— l8tcon.t'8,19-i7.JAJ

81

40
>0

36

Bt L.A Iron Ml.-l8t,78,'92. FAA ioh" IO6I4
Sd mort., 78, g.. 1897
MAN 109
Ark. Br. 1. gr., M., 7b, g., •96.JAD 106
Cairo Ark. A T.,l8t.78,g.,'97.JAl) 103H 104
C»lroAFul.,l»t,l.g.,78,g.,'91.JAJ 10^ 7e 103
Gen. con. r"}- A 1. g., 58.1931AAO
89
90
Bt.L.AS.J'r.— 2dcl.A,HB,1906.MAN 118
118%
21 M., 6s. olaaa B. 1906
MAN 118 119
2d M.. » B. claaa C, 1906. ...MAN 118 119
Fleircr.

A

O.

let,

9T

FAA
JAD

68

Eqalpiiirnt 78. 1^95

General niori..68, 1931
GcnerHl m<iit.,6s, Is-Sl

106

JAJ 119 120
JAJ 103% lom
lat ttust, g., 5s. 19i57
A.vO OIH 93
Ft.S.A V.n.l'.il..i»i,«g, lojo.AAO
St.l-.K AS<i.\V. ist Os. 1916MAa
Bt. L. M. A W., 6s, liiiu
MAS
«;.l-Vaiirt.AT.n.-lBlM.,78,'97.JAJ

Sd

l»»w

Diort. 78.

Sd. 78. guar., 189b
Bt. P. A Duluth— l8t,

Man
MAN
6b,1931.FAA
AAO

2d n iri.. 6s, l!ii7
Bt P.Mlnu.AMun.— lBt7B.1909JAJ
2d6», 1909
A.VO1
Dak. Kit.. 6e. 1910
MA>
iBt colisol 6». 1933
JAJ
ia
rtdnced to4i»8 JAJ

96>*

56%

8

A Ohio R.— l8t,6s,1910. FAA

106
1061a
90

80

to

7

Zanea.

AAO 118%

RAILROAD STOCKS.

119

Ala. Gt.

Par,

South.- Llm., A., 6a,pref..

Llm., B,
Ala. N. O.

com

A Pao., Ac,

e

«

pref

loo
110
1>4

«
def... e

9%
2%
1^8
%

115

Q'ncy AToi.,

Han.

117

m.A

let, 7s, l«iiu,Tr.ri:c.
ANap.. Ist, 7s, 190',l,Tr. ivo.
8.1a.. l8t, 68, 1912, Ti-. rtc..

114>s
121H.

)

12o%
120%

.

W. Jersey

122>s

A

At. iBl Al.,68lylOiHiVf
J&.l

West Jersey -181,08, 1890
Ist mort., 7s, 1899

llgls
1181s'

UllHI.
UUs
AA(,
CoUat. !r..g 5.-, IHiib
(g>4'
FAA tOU
<!oiisol. 6'8, 19(.s»
MA.N
Mlnn'8 IJ'n, let, 6s, 1922....JAJ
West Shore— Guar. 48. 2361...jAi.l
MoillKtJH lv>l ist,'48. 1!»37.JAU
87
87 « We»tVa C.APiltB.- lot.U.s, i911JaJ
MoiiiHia Icui.— iRi. t H, l!ih7jAJ 115%116
*e8t'u Ala.— 2<l. 88, guar.'!iO..\A0i
Esst'li.Mli II .1 Kl.i
i>0-.A.tO ^101
Wcst.MarylM— :<4| en. .lis. Ukki.JAJ
Price nom'nal
i Parobaser also pajB accrued Interest,
e In London
.

.

.

,

1

,

'

1]

Coupon

A

Pittsburgh, guar.,

lo.i%i 103

Clev.

101s

Columbus A Xenia, .guar.,

103
10 %
103
1 9

Col.

8t.UK.C. AN. (r.e,it.A K.),78.MA1do No. Mo., loi, l»;),t,...JAi,i 115
do 8t. Clia's Bnilgo 68, 190p 107
Warren (N.J.)— 2d, 7s, 1900 .AAi. 124%
West Chester- Con. 7«, 1891. .AA
107 s

109
110
106 »« :c6

,

10
3I4

1»H

%

173

-

I

106H

.

06
Wiscon. Cent.Co.— let.os 19 !7.JAJ
56
Incomes, nou-cum., 6s. 1937
107 k Wore. Nash. A R.— 58, •93-'95. Var. MOl
Nash. A Roch..guar..58.'94.AAO 5105
521s

93
57

Gt.We8t.,Ill.,l8t,78,'Sf.l r.r.FAA
do
2d, 7b, '93, 1 r.rcc.MA>

108%

WinonaAS.W.- lst.6j.g..l >2S.AAO

40"'

I

28%

271s

Kan.C. A8w.,lst.6s.K.,191(j..JAJ

JAD
Registered 6s, 1923
JAD
G.j1.1 4s. 1928
Wheeling A L. Erie— l8t,.58,...]9-.:6 103
VWm. Col. A Aug.. 6p, 1910 ..JAI) 118%
Wilm. ANo.— let 58, 1907-27. J AD 107
Wil.A Weldon— 8. F.. 7s. g., '96. J AJ 114

.

84
80

7f

I

96
3t

.'

107

Bellev.A8.Ill..lst,H.F.88.'96.AAO
Believ.ACHr.. 1st 68, 1923.. JAD

st..=i8.1

J

ll.i%
107

M&JS

1S94
Dlv. houds, 1894
78,

937J A J

97
35
2d ni., 3s g.— .5eBC. 1927... AAO,
Warren A Frai k., l8t,7s,'96FAA 109% 109%
102 103
W'nNi).Carollna-lst.7B.1890.MAN
94
Consol. 6s, 1914
JAJ 92
>Vest'nPenn.— let M., 68, '93.. AAO 107
Pitts. Br., 1st M.. 6s. '96
JAJ 103
1

.

Ports.Ot. F. A Ci D.-4 Hi". 1 i):i7.J 4 D
Pres. A Ariz.
istg 68,li«16.JAJ

Klch. A Petcrsb.. (is, 191.t....M.vN
Blch. Yorli R. A (Jhea.. lat 8p, 1894

Ask.

Bid.

B< nds.

do
do
Albany A Susqueh., Guar.,7...100 165
State L. ASul.-lstt'S, i899...JjtJi
50 8
Ashtabula A Pittsburg
8t«t. Isl. R.Tr.—Ut68,g. 1913. AAO 113
5
pref
do
2d mort guar. 5s, g., 1926 .JAJ lOi 10.<
3»38
AtchlBon Topeta A Santa Fe..lOO
3teubeD. A Ind., Ist os, 1914. .JAJ 1051* 107
bSt
..100
Atlanta A Charlotte Air Line
3tock. ACop -l8t, 58. 1905. ..JAJ
100 1C3
Atlanta A West Point
8anb.Haz.AW-B.— lst,58,1928MAN 109
5%
lOo
MAN
991s Atlantic APaciflc
2d mort., 68, 1938
120
Augusta A Sayannah, leased. ..100 1'5
Snnb. A Lcwistown, 78. 1896.. JAJ
8i
100
Baltimore A Ohio
Susp. B. A Erie June— lat 78, 1900 §112
1st pref.. 6... .100
do
Syr.Blng.AN.Y.—con80l.78.'n6AAO 136 is 133
100 lOj
do
2d, pref
TerreH A Ind.— lst,78, 1MS(3 AAO 111
."
100
J.vJ lo5
Parkersbttrg
Ci.neol. mort., 58, 1925
50
95
Beech Creek
Terre H. A Ixjg'pt.- lst,gu.,6B JAJ
50
do
JaiJ
97
Pref
Island 2d. 66, 1913
61
Bell's Gap
,50 s 44%
47
rex. Cent.-l8t,Blt.fd.,78,1909MAN
It
MAN 49 50 Belleville A 80. lU., pref
let mort.. 78. 1911
100 219
BoBton A Albany
Texas A New Orleans— Ist. 78. FAA
li'O 1.7%
liostou Con. A Mont., pref
Sabine Dlv.. Ist. 68. 1912. ..MAS ioi
110
Boston A Lowell
lOO 167
Tex. A P.-Ea8t.D.lst68,1905.MA8 106
91% Boston A Maine
100 2.11%
JAD 91
lstgold.68. 2000
Mch 3;i8 381* Boston A N. Y. Alr-I.ine, pref .. 100 104
2d gold inc., 5s, kOOO
107
Boston A Providence
100 258
rol.A.Ar.AN..M.— l8t.6»,1924.MAN lOrt
Boston Revere Beach A Lynn. 100 161%
Pol. A. A.aGr.T.- lat.ns.l921.JAJ 113it 115
35
Brooklyn Elevated., new
A.AM.P.— lPt.68,19I6.MAS
Tol. A.
20 14
BuHalo Rochester A Pittsb
100
Pol. A. A.ACal.— Ist,6.t.l917. viA-> 104=8
do
100 79
Ss, guA»Af> 102 -n U3
pref
Tol. AObioCcnt.— l8t,
25
Burlington C. Rapids A North.. ICO
Tol. A O O. Ext.-lst, 5p, g., 1938. "92"'
10
100
California Pacitlc
Marietta Mm.. 1st, Os, g., 1915..
15
100
Tol.PeorisAW.- lst.48.JS)17....JA.l
771s 78%! California Southern.,
50 « 15
Camden A Atlantic
Tol. 8t.L.AK.t'.,l8t,(:8,1916...JAD 10.%
50 8 33
do
do
Pref
United Co'sN.J.- Cou8.,68,'94.AAO 110
gen. 4s, 1023
FAA
Canada Southern
100 64
do
67%
MAS el07 109 Canadian Paciflo
100
Sterling mort., 68, 1894
68,1901
MA.S el 20 122
Catawissa
50 8
do
50 8
do
let pref
Cam. & Amb.,mort., 6s, '89.M&N 102%
do
2dpref
50 8 57%
O .ioii Pauino —
2
100
lBt,6s, gold, 1896
JAJ 114 116 Cedar Falls A Minnesota
Central of Georgia
100 117
1st, 68, 1897
JAJ 115 11?
11%
100
let, 6s, le98
JAJ 117% 118% Central Massachusetts
23
pref... 100
let. 68, 1899
do
JA.I 119
100 118
Sink. F., 88, 1893
MAS 114 115 Central of New Jersey
50 47
O Ji. Bridge, sierl. 88, e., "gO.AAO ellS 124 Central Ohio
50
Collateral trust, 68, 1908
Pref
50
do
JAJ 106
35%
Collateral trust, 5a, 1907
100
Central Paciflo
JAD 9ti
Kans. Pac, let, 6s. 1895
Central of So. Car
50 57
FAA 110
45
100
do IstM., 68, 1896
JAD 111 111% Charlotte Col. A Aug
24
do Deu. Ext., 6e,l-99.MAN 114:%
Cheraw ADuriington
50
23%
do l8tcouB.M.,68,1919MAN l..T%
Chesap'ke A Ohio. Vot, Tr. cert. 1 Ou
65%
Oregon Short-L., 68. 1922 .. FAA 113% 111
do
do l8t pref. 100
U.P. Lin. A Col., l8i.g.,ri«'l«AA0 10l»a
CO
do 2d pref. loo 39
100 100
Utah Cen.— Ist M.. 68, n.,lS90.JAJ 10
Cheshire, pref
100 128
UtaliScgen.. 78, 190;i.... JAjJ ll?Chicago A Alton
do Ext,l8t,78,lrt09JAJ 112% 114
100 160
do
pref
8%
Uiah A Nor.— Gold 5, 19J6 jAI
Chlcapo A Atlantic Beueticiary
49%
Utlca ABl'k K.— Mort., 7b, "91. JAJ §104
Chicagc Burlington A North.. 100
Valley of Ohio- Con. 68, 1921 MAS
105
Chicago Burlington A yuiuoy..]<M) 103%
Ver. <s Mass.— Guar. 08, 1903 MANJS107
100 41
107% Chicago A East. IllinoiB
37%
Vloksb. A Mer.- let, 6b, Jyai.AAO
pref.... 100
do
2d, 68. 1921
72"s
Chicago Milwaukee A Si. Paul, loo
MAN ....
Vicksl). 8h. A Pac. Prior Hen, 68. Iel07
pref., 7. loo 115%
do
109
Virginia Midland—
loo 113
Chicago A North Western
IsiBcilcs, 68, 1906
Pref., 7.. 100 142%
do
M&Sl 120
2d serieB, 68, 1911
100 102
MASi 116 117% Chicago Rock Island A Pac
14%
lOo
3d series, 68, 1916
Chic. St. Louis A Pitts
MA.'^ 108% 10
37
4tU seiles, 3-4-5s, 1921
pref
100
91%
do
MAS
5th series, .58, 1926
IHA.S 'Vs"
98% Ohio. St. P. Minn. A Om., com.. 100 35
tnconiHS, cumul., Ue, 1927. ..JAJ
do
pre!.. 100 100
iS%
General 5a, 1936
loo
MAN 87 88% ChloagoA West Michigan
92",
00
guar
100
Cin. Hamilton A Dayton
91
90
69%
Wabasli St. L.. A Piic100
Cincinnati iS. O. A Tex. Pac
23%
1st, ex., 7s, 1890, Tr. reo ..FAA 103% lOS's Cin. Sandusky A (.'leve.land
50
1%
Mort., 78, 1879-1909. rr.icc.AAO 1 OO'lj, 101% Cnclunaii A Siringtle'd
1»8
Zd m. 7s, ext. 1S9:h, Tr. rco.MAN !0.ii^ 1.2^ cm. Wash. A Ban. Tiust ico ..100
314
Eqiupmeut78, 18S3
do
pref.. 100
MAN 10 22%
3i%
Gen., 68, 1920, Tr. rcc
100 «
51% Cleveland Akron A Col
JAD 5'1
6
Oblo. Div., 58, 191U Tr, r. c.JAJ
U)3'8 Cleveland A Canton
2"%
Detroit Dlv., 68, 1921 Tr. lecJAJ 119 -si 131
Pi'ef
do
do
Con8.mort..78,1907,c"uvcrt.y— 1- 10014 Lol
100 74%
Cleve. Cin. Chic. A 81. L
Ist. St. L. rtlV.,Ve,'8'J.Tr ICO. FAA
pref.... 1^.0 i<n
103 %|
do
do

103"

SterliDi^rona. M. 68, g.,icuar..IA'J «129
nttsb.Ft.W. <S!f.-l8i.7s,i912 Varl 145

Penn—

6J

55

M.—
Spok.Falls AN.— Isttjs.g ,1939.J AJ

JAD

68, l»3i:

Plttab.C.A 8t.U— lBt,78,1900.FAA
I1tt«b.Cl.*Tol.-l»t,6», 1922. AAO
Pttttb.ACon'llav.— lstM.78,'98.J.tJ

Pac.Cal.--l8t,68.g..l905-12

38%

I'oij"

A*0 Sll9
JAD4l<J*
MAN lulli

Truat certa. 48. 1922

Weet.N. V. A

128
941s

A.vO lO'i
lat con. g. 68. 1:'3S
107
io. PacArtz.— l8t,6e,190910.JAJ
1911 .JAJj 107
ist, 68,
So. Pac.. N.

'9i'

Ooali^ I.,gUHr.,78,'9i;.ex-cp.M&tnaia. Wll. A Bait.— 68, 1892. .AAO iioi'
68, 1900
ft8,'l9IO

9.>.

67

1958... J<>J

veil, iiiort., .18.

55%

1958....F

Railroad

Ask.

Bid.

I

f2'8

54

K"ld. ]9.'i8....F
(t<.ld.

3dpirr. Inc., .«6. koKI. 1958....F
Sd pref.. Inc., couviililile

Pace of Qaotatloaa.

ts
84
iao Ant.A A.Pa88.,l8t 68,1916.JAJ
S<6
87
l8t,'8.19'26.J*J
do
8anF.AN.P.-lst,^s,g..l919...J4J| 100% 101
j«nduakyMan8f.AN.— I8t7e.l!».9{ll/'s
't^. Fl.i W.-l8t, rs, 1934..AAOV...
115
At. AQult. con. 78, lo97 ... J*.l
121
Bo. Ga.AFIii.— lBt,78.l899.MAN 119
MAN no 115
2d. 78, 1H99
Ko»n.-68. 1916. FAA liiS
Seaboard A
lAJ 105
58, conp., 1!.26
90
8eat.L.8.AE.-l8t.goW,fi8.'Sl.FAA

Jham.V. A Potts.-7». OH. 1901 J AJ
^Benandoau Val. l8t.78.1909.JAJ
AAO
General mort., 68, 1921
Ihreve. A Hous.— l8t,68, gu., 1914
l8i,ft8,g.,l»24JAJ
137
iodus BayA So.—
So. Cen. (N.Y.)— Consol. mort., 5s
9o. Carolina— latM., 08,1920. .AAO
JAJ
101%
2d mort.. 6b, 1931
Inaome68, 1931

1S6

op.J<!bL'

PIrat

(ham.Sun ALcw.— l-t,.*ie.'12MAN

116
104

19iO

AND BONDS—Cositisded.

sroOK.d
Head of

Railroad Bond*

Aak.

Bid.

Bn)iD«.

at

[Vol. XLIX.

.50

/

50
8
Hock. Val. A Tol... ,. ...100
Columbia A GreHUVille,ptei
lOoCol. Bpclugt.

A Cm

SO
50

Couct»rd

1;8
105

39«9
to
105
6
140
9219
125
110
3

.,

220
1'29

168

202
259
153
40
30

79%
35
1514

68I2

61
5

120
Vi
24
119
50
......
36 14

...->

SO
23
24

66%
401a
looia

130

7
50
108>4

42
99
73
116

113H
143
I02I4

16%
39
35I8
101

30

90%
62
24

2%
4%
6I2

27
7439
1013s
.....*

17% 18
23

2i%

26

23%

14<% 150

CoucorU A Port9mouth.guar.,7 lOo 145 l.,0
loo 1.2% 113
Connecticut A Pa.-^8umpsie
204 205
1 00
Connect icut River
j2% 43
100
Consol. of Vermont, pref
30
is
Iv
Cunent River
100
80
Dayton A Michigan, guar., 3%.. bo 72
165
Pre!., guar., 8.50 162
do
100 I6i ..•->•
Delaware A Bound Brook
50 l47 147%
105% 106% Delaware Lack. A Western
18%
IS
lOo
108
108% Denv. ABioGr
52'a
61
pref, 100
do
d>
103
18
10
120
Denver A Bio Grande West. ... 1 00

oa.

i Price

per share.

1

In Friukrort.

n In

Am,iterd>iiii.

1

4

Septembwi

QaN^aSAIj QUOTATIO.Vd
For BKPlknntlon*

D.Tex. AFt.W

Bid.

.v.c.lOO

DesM.AFt.Dortire'.OO

do

Pref.lOO

10

Pref.lOO
do
NJFW.Jt Worcester. loO

7
18

Pref.lOO

5*

do
do
E. T. Va.

A

Atl
Prof

.

.

AOa. K.vlOO

Bid.

North'nPaccora.lOO

77

Diilutli 80. 8U.

HiSCGLLANROnS.

Ask.

7
10

H

2-2

80
25

Ud.

A

L. OhHiiip.liiO

Ohio lud. A West. .100
Pref.lOO
do
56
100
8
Ohio A Miss
Pref.lOO
23
do
100
llie Olio Southern
>ld Colony
100
77
10"
Onaha&St. L
241a
pref. 00
do

do do Int. pref.lOO 76
do do 2(li)rcf.l00 21
East Peunsvlvanla..50 s Sti"*
Eastern (Maaa.i ..100 10C"« 101
Pref.lOO 13ti% 131
do
108
Eastern In N. H. 100 lOH
17
20
EUz. Lex. & Big 9.100
^i' s 50
ElmlraA W'msp't
Pref
50 « TO
do
9.J4
94
Evansville .t T. H 50
67 14 67%
Fltohburc, Pref .. 10(>
28
iii'l
Flint APere-Miirq. 100
aa"* 93
do
pref .HKI
7
Fla.Cen.A Pon.V.T.Cer
do 1st pref.cum.lOO
29 ij
do2(lpf.U"U-ciim.l0'J
.

.

Umil or

at

A Utah

N.'.OO

3;%! Eq. G.

A

Pljili. C,>. lat. a.

RK. .50
Atlantic

PliU.

P

a

&EV..100

22
59
50* 26

100

Petersburg
'Wla. A Erie

A Nor.. .50 »
Read, cert .50

Gorm.

ilia.

*

A P. Chic

Bid.

101

l8t,68

Ask
103

HlSOBLLANKOOS.

Bid.

Ask.

Bruah Kloo. Light. ...50

80
75

5, Is Pougnk'aieB'ge.lat.es.
91>fl 92
34
9t. 1,. Bridge A Tun—
142
54
l8t.7s, g, 19 28.A&0 el3K
99 14
6H, Tenu C.Al.— Tnn D 6a
23
98% 98 la
BIr.Dlv. Ist.fis, 1917
63
Whlteb'st Fuel- G., 6a 104
Wyo. Val. Coil Ist Ga. 100 105
1291a

4ij

& Tront'in.. 100 8
WUm.A Balt.50 64
'Itts. Cln. A 8t. L..50» ....
Pitta. A ConueU'e..50» 15
Phila.
enlla.

6s.

f.,

46s
65
20
25

"

55
HO
190

20"
10

IO2I4 Spanlali-Ainer. L. A P.|
Spraguo Eleo. Mot. 100,* 63
rho:n.-IL E,BO.Co ..2^ Moi

Peo'aO.A.C.Chlc.2d.6a

55

P,fflnsylvanla
'eorla Doo.

UlSOSLLANROnS.

Ask.

I

3111

JregonTraua-C->utlOO
Pansaoola

Plr«t Pitgre of <tin>t««lon<.

60
Brush lUuinlnat'glOO' 70
71^ 74% lackens'k Wat. 1st, Sa
lOn
17-i'i llO
Hend'n Brlrti:e68,193I ios%'io9i» Consolidate I
61
Raft Kleo. Mvht lOOf 45
61*
6
Iron Steamboat '^o. 6a
13
VI^xw'll L.U.priorl.,6a
871s 881s Oaft Bl«o. Pow.ir.lOi] TO
11
3'!
27ifl 2^^l F.dlaon
22
Income
... 10
185
lison Illuinlnat, .100
93
23^ 21
Or. [mp.. Ist, 6a. 1910 101 14 104 >s
92
e 90
Oreg. R. A N. Ist.es.J AJ 112'?8 I1314 Jnlien KlectrloOo..,.,i*
15ia 17
Do Trie.tlon Co ... ....
Oou. 58 1925 J.AIJ.. 1041s 10.>i9
101
Maiden Eie tricO.ilOO "lig
17818 179
Ooean S3.Co.,istguar. 102
32

1

Or. S.L.

367

SrOOtS A!rD B0M03— OoMTiMUBD.

Ol^"

Ht>e 'Hnttin

244 25

Det. HiUs.&S'WHStlOO
Det. Lar. ii Nm-th.lOO

J

.

THE CHRONICLE.

21, 1889.]

Bailroad Stocks.

.

tllSC'kLANEOUS
STOCKS.

42

Amer. B ink Nuto Co..
10
.\.spluwall Laud
10
Boston Land
Boston Water Power..

8I4
614

45
81s
61s

75
97Vl

27%

pref.. 25
do
2'tis
Thom.-H. Intor'iat.lO ) 2u0
do
pref.. 100

Thorn. -Hnus.S irv'.-elo

Wfldng'M

18

10^ 32^

U.S. Electric Oi.. 100,* 53
U.S. IiliiiTdoat Co.lOO , 50
Wes'lngiiousi HI. L.50 » 51>a

rautr

60
80
52

co's

Am. Loan ATrust.lOi 115

120

100 385
Brooklyn Irust ...110 370
47« Cenlral
100 740
Brookllne (.vlaas.)L'd5
4''s
'itt8.Ft.W.&0..euar.7 158
Galv. Hiir. &'<au.4.a..
60
Farmers' Loan A Tr.25 605
Brunswick Co
24's 25
l;i
15
Pitta. McK. A You. .50 « 58
Georgia P.icidc
27
Frinkliu
100 201
25
50
OantonCo. (8alt.l.l00
Pitts. A Western.. ..50
Ga.RR. &B'kKCo.lOO 193 19S
Holl md
39
100 20")
Oontluent'l C .n.Adnp.
Prof. -.10
37
do
5
3
Gr. Rapids & [nd
3lis C«v. A Cln. Bridge, pf. 175
Kniokerbofiker
100 148
210
PUts.Young9.AA8h..'>o s
ft
4
Gr.B. W. &8t. P...10ti
319
Bosion Land.
50« 53
3% Long Island... .. 100 175
pref
East
do
Prff...lOi
do
"¥2" 16
84i« Port.Saoo&Ports.lsdO 126
li7
5^8
Manhitran
3) 118
6
Frenchman's Bay Ld.
Har.P.ir.Mt.J.&L .50
.Mercantile
10
218 230
5
Henderson Bridge Co.
3
^ort Royal A Augusta
Hous. & Tex.Cent. KIU
7i« Metropolitan .. ..100 230
9!j
95
Keeley Motor
201s P>rts.Ot.F.ACon.lOo
HuLtlii^. & Br. Top. 51'
19)
.Vassal!
6
100 155
B'ch Co. 100
Manh'tt'n
8
47
P.^na. A Saratoga.. 100 18 >
Pref .50
do
2i8
2OI4 22
10
Maverick Land
2% N. Y. Guar. 4 end.. 100
Roh.A AUeg., cert..
nunols Ceatra!...10t 117 118
120
15
N. Y. LifoA Trust. 100 605
17
Maxwell L <n 1 Grant.
62 >
Rich. F. A P., com. 100 115
do leased l.,4p.o. 100 £8
"9 Si R.ohmond A P'b'g.lOO 106 108
N.Y.Seourity A Tr.lOO 185
Mi. Des. AE S.Ldnd.5. •o7ia 1-2 >
81s
1 no
Iowa Central
21
Unlou
too tl40
87
S.E.Mtir.8eour.(Boat..
90
23 %
23
24>t Rich. A West Point 00
do
Pref.lOO
82
10) 705 72J
48
United -Jtates
81
Pref ...10
V. \r. Lian A Impr't. ..
70
75
do
Jeft. M. & Ind., I'd. 100
10) 180
90
NicaraguaCan C n Co. 50
Blohmond York R.AC
52's Was'iington
2
Kanawha & Olilo
51
N.V. A: BR'Kl.'irN
93 1« ibo" Oregon Improvement.
55
RimeW. AOgd...lOi
do
Ist prtif.
5
90
Its K RiCS.
91
10'
4S
pref
100
Ritland
do
2il pref
do
45% 46 Oregon Ry.A N.Co.lOO 1011s 105 (See IjociU Secnritiei in
Pref., 7. .lot
do
Kan.C.Pt.a.AMem.lOo 75S 76
CiiicONici.15 each w'/c.
34
3)
Sf,. Jos.AG'd Isl'd.KM
PaoIfloMailSS.Co.lOO
Kan.C.Kt.S.&G.pf.lOO 131 130
49'
except third of month)
73
7.1
45
49
Phlladel. Co. Nat. Gaa
S-..LoalsAlt.AT.H.10(.
Kan.U.Mem.A Bir.HO 47
12J
9tf''8 100
Pref.lOi' 105
Pipe Line Certiflcatea.
do
30
Kan.C.Cl'n&Sp'd.lOO 25
7
<iAS STOCKS,
8J
5
St. L. Ark.A TexaslOO
PaUmn Palaoe CarlOO 181
Kan. Citv & Omxha..
4
2Sia 27
Bait. Consol. Gas, .V«w
41
44%
San Diego Land..
St. Louis A Chicago
KanC.Wy. &N
10
25
23
East Boston ....
40
41
117
pref
St.Louia B'dge.lstpref «113
50
do.
40
Kentucky Oeut. ... 1 00
Brookliue, Mass.. .10
10 tJ
53
108
9
St. L. Van. A r. H
2d pref. cortilleatea €>5
3
Keokuk <& Des M..1C0
27
Cambriilgrt, Mass. .100 xi7;
26
112
182
3-,. Louis ASanFr.lOO
St. Loula Tunnel BR.. el07
17
pret..lOo
do
Chelsea, Mass
100 113 1-20
721s
100 60% 62
do Pref
St. Louis Transfer Go.
Keokuk & Wert'u 100
Jamaica Pi'n.MaaslOO 173% 17*
Siuth'u Cottoa OllC).
Oi
do 1st pref. 100 111 112
31>s 32
Klng8fn..fePeiul)r'ke50
32
Lawrence, M.i,s8...1O0 141 148
2J
la's 20
(Taioo Ke.-ry Co. ..100
Si. Paul ADuluth.lOO
liake Erie & W.... 100
81
Lowell
100 211 216
80
04 14 6i\
Pref.lOO
Union St'k Yds.ATr.Oo 111
do
Pref.lOO
do
Lynn, .Ma3S.,G. L..100 16014 l6Jifl
I0514 lO.jis St. P.Miun. AMan.lOO losij llO
Wai^iier Palaoe Car Co.
li. 8h. &MICI1.S0..IOO
Sfi Ssloto Valley
1
West End L.ind (B )st.) '2614 -261s Maid. A Melrose. ..100 12) 125%
50
Lehigh Valley
50 « ys-t
VewtouA Wat'n ..100 161i« 165
COAli &. .Ul.VIXti
Little Miami
50 15-* 1631* S-tab'dA RoanokelOO
3
100 112 lit
Jalem, Mass
100
STOCKS, N.V,
Little Rock A- Ft. 8
7's 8 >uth Carolina
6
33 14 Amortuau Coal Co. .25
Brooklyn, L.I
25 107
103
33
90
Southern Pac. Co 100
Little Bchu'k'l
50 « OS'S 70
Citizens'. Brooklyn. 20
65
70
15
Cam<iron (ronjtCoal.50
2J
94
7.100
93
i'weet.,Ga.,g'd,
JLong Island
5o
"h'h, Colorado Coal A 1.100
32 1» 32% Fulton Municipil.lOO 123 127
8
25
4uinyiit Brauch,Pa..50
Loa.Evau9.itSt. L.lOO
9
VIetropoi., B'klyu.lOJ
8J
4ij
19
Col. Allock. lOO.OAl
20
tnd'nap..50
39«t
rerre tl. A
do.
Pref.lOO
."Nassau, Brooklyn ..2.) 112
20% 20 '8 ConaoI.Coalof Md. 100 22
76'4 Texas A Paclllo .. 100
26
70
LoulBv. & Na3av..loo
17
71
17
People's, Brooklyn. 10
76
42
Home..take .Min'g. lOi)
Tex.Pao.L*nd Tr't loO
40
91a IJ
Loulav.N.A.AChie.loo
3k
Williamsli'g, B'klyu 50 118
123
3i
Ljul^h A Wilkeso.Coal
28
^914 30% rol. Ann Arbor A M..VI
31
louis. St L.&Tex.lOi)
35
361a .^^rsuailCoas. Coal
Charlest'o,S.G.,Gas.25
22%
41
Mahoulug Uoal HR..iO 40
rol. A Ohio Cent'1.100
.•»7
"5758 5j%
55
Ch;cago Gas Trust
100
1;
lu9
Pref.lOO
.Maryland Coal
do
15
do
Pref .50 107
Ills Vliuo. Una Cj
13
199 -4 '200
Oinolnnati G. A Coke
lOa
75
9)
Maine Central
rol. Poor. A Western
loo l.;5>s i26
.5
10
Hartford, Ct., G. L..25
31
New Central Coal 100
8
10
Tol.8t.L. AK.City.. 100
Man. & Law'ce....l00 219 22i>
34
Jersey C.A IIobok'n20 170
pref..l0J
31
N.Y.A Perry C. A LlOO
97
do
Manhattan, eon... 100 9t5
22-i's Oacario .ill. MIn'g.lOO '31 Is 35
People's, Jersey G
60
13
Marq. H. <kOat.. .100
10
tJ. N.J. BR AC. Co. 100 liiS
64 14 Ponusylvania Coal. 50 303 325
12.^
130
61
Liaisviile G. L...
94
100
92
Union Paoitlo
do
Pref.. 100
42% 50
M Mupliis G.is
10814 Utica ABlaokRiT.loO 120
Quloksilver MIn'g.lOO
6
7
Massawippi
100 lOtJ
3')
133
C5
131
Central of N. Y
31
do
pref. 100
Mempli.A Chart
25
Vt.A .Masa-.l'sed.O.lOO
361a
36
HSls '89%
32
Cousolidaced. N.Y.lOn
"loii Virginia Midland 100
Iti
Xenn.CoalAIroaCol )0 47
47
Mexieau Central ..100
17 '4 IS
12 >
Eiuitable, N. Y...10J 120
do
pref. 100 lOJ
101
Mexiuan Nat., Tr. rec.
'23"" YahaaUat.L.APac. 100
103
Mutual of N. Y....10J 102
3 2 '4 32^6 White ir'st FielJo. 100
Pref.lOO
Mex. Nat. Couslr. Co.
do
'Jas, prof....
83
88
Stanlird
9314 Warr'u(N.J.),l'a'd,7.50
s.^piiBss s r'cK*i
HlcUl>;au Ceut
92
loO
boij 8J
97% 98%
S. Orleans G. L. ..lOJ'
Adaus
100 149 151
Midlandof New Jersey 3l>s
iV. End pref. (Boa.) oO
6.5
62
Pittjbug Gai CJ...50
Amariuau
100 Hi 118
50
MU. Lake 8. & W.IOO 93'a 95
^eat Jeraey
47 -i United States
90
H9
Portland, .Mb., G. L.30
116
100
S9
91
do
pref. 100 1 1
^est Jersey A Atl. ...5ii
Si's 59'8
11
San Fi-auciseo Gas ...
*oll8. Fargo A Co. 100 138
53
112
Milwavkee & N0..IOO 3J
Vestern Maryland. 50
10Wash'toii CitvG. L.20
421s 44
STOCKS.
Mine mil <fe8. H....5U »
West. N.Y.A Ponn.lOii
72
71
.tiiNi.'VG srocK-i;)
Amor.Cotton Oil
5078 51
4>4
5
Ulnaeap. & 8t. L..IOO
Wheel. A L E.prof. 100
l«is (N. Y. A SA>r. FRA.V.)
Am jrican Cattie
O-s lois YU. Columbia A A. 00 109
do
Pref. ..100
;o
Chicago Gas
5.58 5314 Adims Cons
...
Mlsslss. & Teuu
92
Yllm. A Weldon, 7.100 110
281s
Diatl lera' A Cattle F..
40
43 1, \m idor
12'4 1..% Vlsoonsln Cenf. Co 100
MlssolKau.iS fox.lOO
•.1-2
6II3 62
i<'lag
Amei'icau
50
Lnseail 0»i
52
Missouri Pacillc... 100
75»i? 75''e
do
Pref.lOO
•8> I^IO
.
23% Alice
13"^ 15
2.J»a
Mobile &Ohio
100
W)r.Nash.A RoolilOO 125 I20I4 .SationU Lead,
lOo
175
.Alta .M,>ntaua
175
Sr.iudardOil
Morgan's L I. A re-'c.iooi 123
CANAL KU.NOl^.
82i« Sugar Bell leries' Co
107% lOJ" Astoria
153
Morris At'x, gu.,7.5o lS.i
Cies.&L)el.-l«, '>s,'16
Barcelona
Lulls Del. A IL— 7s. '91.JAJ 104=8 lOo
TELEGR.APH.
Kashv.Chat.d: at. L.25 luO
Bassiok
Am Tricau Oi^tt-i jt
Nashua & Lowell.. lOo 190 191
Istext., 1891. .MAS
•13
lo
8->
Belle Isle
53'al
N'squehouin^ Vall'y.'iO « 53
Coun. 78. 1894. AAO i'ii" i'lfia Amorloau Tel. A Cable
3-10
Bet A Belcher ......
Atiautlo A Paclho
Sew Jersey i N.Y.li O
1st P3.D.op.,78,M.teS
•70
•80
100
Bodie
Cent. A So. Am. Cable 166
do
Pref. ..100
Lehign Nav.- 413a, '14 ioii Is
•20
•12
lireece ....
20
H. News&Mlsi.Val.Cu
18
RR. 6s, reg.,'97,Q-F 113's 1141a Coiumerulal Tel. Co.
"23'
•05
•06
Brunswick,
100
Fraukllu
33
H.Y.Cent.A H.Klv.lOO Ills'* lOJ
Conv 6s,g.rg.'91MA8 10j%
3
100
lit
Biilwer
viold A Stock
100 100
r
H.Y.Ch.&St.Unewloo 1
63,g.,op.Arg..'97JAU
310 3 25
lOU
131
Caledonia B. H
100 233
viexloan
GJ
do
b7
Islpret.lOJ
Coua..VI.,1911 78JA1) 130
•04
102 10j% Cashier
.Mutual Union 68
do
2.1 pref 100
37
Ore'o.Tr.7«,'92.1'\l-,A
•02
"•oi
Caatle Creek
M'west.. 7a. 1901.JAJ lOJ
«r.Y. A Harlem ....5t' 2 30
Leh.C.AN.,4i34.19J4 10 ii,
•113
66
70
Icolehis
P.«cia)A Atlautio
113
».Y.Lack.JjWe.4t...lOo
Penn.— 68, coup., 1910
35"
7^0>>
6-7o
Postal r. Cable, new.
lOousol. California. 10
^^9^8 2914
H.y.L.Erle&West.lO'J
CAN A I. STOCK.!*,
!Ooti. im;)tirial..... ...
South'n A .Atlantic. 25
Si
do
69 >«
Pref.lOO
Chesapeake A Uel..50
"''ii
3
151
8314 8Ji» Chrysoute
Western Union
100
K.Y.&N.Englaad.lOU Si's 51^ Del. A Hudson
100
l-7o
100
5558
CnoUar
117
1^014 Lehigh Navigation. ..50
78, 19j0, .M. a N
do
Pref.lOO 120
lOJ
Cousol. Paeillo
Coilat. iriisr.. 5s
102
lu3
K.Y N H.&Hartf.lOO 272 :;8J
ilorris, guar., 4
100
lOo "2"75
Crowu Point
2113
TEliEHHO.NB.
K. Y. ANorthern.pruf
do pf.,guar.l0..100
15j
Djj.lwoo I
Ameriuau B.1II. ...100 a205 203
».Y. Out. di We.,l..lo0
nis«c>(<i,.i..\Bot;!t
l^=a 19
•07
Oeuvor City Oou
Ameriotu Sjeikiug. ..
N. Y. Phil, ji Norf.lOo
12
HUSOS.
Erie
3^14 Daukin
'i'i"
N. Y. Prov. i Bostou
Atner. Bill Tel. 7s,'98. §11318 114
•93 1-uil
El Cristo.
Huds )u River
f.%
M.Y.Suaq.dt VN'enflilOU
8\ Am.Wai'rW.Co.,l8t.6s
2^2
2-7*
idJi4' Moxiuau
ib'is."
SJc! Eiireka Consul.... 10)
do
35-,
l-t,oon.ftH,l9J7.JJiJ
Prof. 10.
•3.*
..' Father Do Sin )t .. 10)
N. Y. .« S«w Jersey...
K.Y. Wosi Shore & B
lilrminv. E pili'. Co 6* 5103% 101
""11
95'*! New England
5118 52
Fre l»ud ... ...
94
Horf.ife West,, uoiu. loo
17 Hi 19
Boat. Uu.Llai.rr. c.5s
ViO
Tropical
10
200.
23o. li.iald A Ciirry S..10J
^g 56
do
Ctuaba Coal, Li>t,7s,'07
prof. 100
2 9
3 20
Hale A .Vjroroas. .lOJ
ELBCnCIC
Bo. PennHylvaula..5o « S<
Chlo.O.L.AC.l!.t,5s,'37 "9T14 V;"
•03
II -lyok)
02
7jia Col.CoalA Iron- l8t.6s lol
Korthern Central... 5uf '1
ISO
"l-3
HoruSilVijr.
Auil .V u K ,^ .dfg.lO
NortLcisleru
5to
4H
•.kH. C.AIr.,8< 19 7
2J| 2 0J
[i-onSil.er.
10.1
100 '8
Brush. SMI
63
Worth'n N. Ilamp.iool 150
151
Ci,u.U.t8 .B •It.,ooa.o8
' *
n ^uotaUous per Bbare.
n E tii gats.
e lu Loudo,
Price nomiuaU no l»re iransaaOuur.
4 ParohaBer»l»ppaysa«crue6ii'i,-i-,-,-i-

5%

Atlantic

6

1

1

HO

W

I

.

.

.

.

.

. .

^m

T«USr

vm

1

.

m

1

I

;">.)

1

.

,

.

.

THE CHRONICLE.

368;

IVOU

XlilX.

GENERAL QUOTATIONS OF STOCKS AND BONDS— Gonoluded.
For Bxplnnatlon* See Note* at Head of Plrat Page of (taotatlons.

IrunHlll
Kli>ga.&Fembt'ke Iron
10
Le«dYUIe Consol . . . 10
BO
IJUle Chief
Utile PitW
Mexican Q. & SUt.IOO

~38

..........

Muul'.on
10<

KonhBeUeMe

Oplilr
10
Oriental & Miller....
Pl> montu Cunsol
Potosi
100

Bappaltaooak
Boofnaon Coiuol. .
Savage.

1

B(

BlemNevada

100

Jrilllm'tlc

BANK

1291s

10
Fanner«'..100
Farmers' B'k of Md.30
Farmers' it .Meroh..40

A

32
59

•04

•36

8^10
2-60

FlrstNat.of Balt..l00
1-75 Franklin
60
•06 Oerman Ajuerioan

Soward

•80

'•90

IOC

2-90

•05
•60

Utah

lOo

YeUow Jacket

8-00

94
"lOJa

1

38
30
13
Ueobanlos'
10
Uerohants'
100
105 !7atlonal£xch'ge. 100 128
2i.
People's
19
•62 tecond National ..100 162
315 rhird National. ...100
1-25 Union
83
75
esterri
20 35

Boston.

BOSTON IHINIMG.
Ailouez
..2f
A.Uautic
26
Boet. & Mod . (Cupperi
BmnsWk Anilmouj-.f.

55c.

3414

3
1
216 213
St. Heola...2^
12o.
13c.
Catalpa Silver
10
10
Central
25
2.'
8% "gii
Franklin
25

Mlnneaota

....25

National
Osceola...

25

25
25
25
26
25

Pewablo
Qulncy
Eldge

Tamarack

80c.

75o.

2

4

78c.
9'*

fldc.

49

10
8
61

60e.

80c.

2

103 >a 105

nANCFACT'ING.

117
Ani.Linen(F.Kiv)HOO
(N. H.)
100 U6>s 117
(X.H.) 1000 2050 2055
Androscog'n (Me.). IOC 135 136
Appleton (Mass.) 1000 725 730

Amorv

Amoekeag

.

Atlantic (Mass.). ..100

102\ 1u3

(Fall Riv.)
Barnard Mfg. (F. R.).
Bat«f< (Me.)
100

115

Bamahv

.

Duck (Ma88.)700 1150
RIv.) .100

118
100

Dwlght

People's

500 780
91
Everett (.Maes.). ..New
F. K. Macblne(3o..l00
FUnt Mills (F. R.) 100
Franklin (Me.)
100 95
Gl'beY.MillsiF.R.)100 117
Granite (F.R.)
1000 242^
Great Falls (N. H.)10c 108^
Hamilton (Mass.) 1000 996
Hartf. Carpet (Ct.) IOC

HUl(He)
100 83><
Holyoke W.Power. IOC 250
Jaokson (N. H.)..1000 S'70
King PhUlp (F.R.) 100 106
Laooma(Me)
400 500
Lancaster M.(N.H)400 6S0

.<orth

Morth America

ndBoston

790

ftedomption
Bepu'olio

117
98
118

tovere

Oockland
aeoond Nat

IbO
leoorlty
109
Sbawmat
1000 Shoe & Leather
123

State

84

iuflolk

Third Nat
fraders'

975'
108

Ctemont
Onion
Vashlngton
Vebster

>05
.93

Lake Mills (F. R.j
114
Lawrence (Mas8.)10O0 1545 1550
Lowell (Mass)
690 670 675

L'rel

Lowell Bleachery.lOO
Lowell Macli.ehop.500
Lyman M. (.Mass.). 100
Manchester (N.H.) 1(XI
Mass. Cotton
1000
Heohanlcs' (F. R.) lOo
Merchants' (F. R.) 100

140
870
64
156
1025

Brooklyn

t40>s

Fulton
'Jlty National

156>«

Commercial
Uing Island

Newmarket

500

Paclflo (Mass.)... 1000
"'
Pepperell (Me.). . . .500
"

I?*?*!?' i»'R.)...ioo
Blch.Bord'n(F.R..| 100

Bobeson (F. Rlv.) looo
Sagamore (F. Kiv.) 100
BalmonFall8(N.lI.)300

6andw.Ol888(Ma88.)80
Shove (Fall Rlv.). 106
Slade (Fall Riv.) 100

98i«
liSij
124ii
lOdia

85 14

102'*

230
139>«

163
143'i

118
12(1%

160
137
167
134
150
175
200
12914

100
128'!

IHH

101
113
116
125
101
150
375
167
375

Cblcaso.

American Exch. Nat.. 125
Atlas National
108
Chicago Nat
100 2.:o
(Aimmurcial Nat
100 240
Continental Nat... 100 130
360 370
First National
100 300
17»5 1800 Fort Doarborn Nat...
100
1240 1:^60 Hide and Leather. 100
115 117 jMorchants'Nat.. .100
lUO 103
Metropolitan Nat. 100 230
90
Nat. Bk. of Amer..l00 138
120
122s Nat.B'kotllhuols.lOO 230
2s5 290
Northwestern Nat. 100
Union National
100
102 IOJ
On.Stock Y'ds Nat.lOO
...
68
Cincinnati.
. .

.

!

i

;

<<.aooo|iu5

Tt.

;:iS8»100 x'.39
K.».500, 10*5

Tr

it.)
^

v.:

1

lOOi

240

U.)100| 132
HUB.) 100)

6J

Atlas National
Clltzcus' National...
Commercial Bank...
1150 Ki|iiUabU) National.
13U"s Firth National
I0j5 I'lrst National
i45
Fourth National
135
(loriuaii National
70
Market National

'iiheuomlniil; 00 late traneaotloos.

Ck^

Kentucky Nat

§

100

39

& Banking.. 100

Citizens'

95<ii

Germania Nat
aibernia Nat

127

1311s

145

Commercial

13i)

141

Continental Nat. ..100 11214 115
Franklin
100 260
Fourth National ..100 27^

i'2'6"

Mechanics'

125
120

.Merchants' Nat ...100

I

1

145
146

159

Sau Prauclsco.
AnKl'J-Californian.....
of California
First Nat. Gold. ...100
Pacific

FIRB INSUR'CE

240

260

142

250
300
4000
490
180 190

(Jolu;nbla

175

Commerce

100 196
103
lOi
Commercial
235
(Continental
100 129
140
(Corn Exchange ...100 230
164
East River
25 172
144
Eleventh Ward
25 130
120
First National
100 2000
121
Fourth National. 100 168
162
Filth National
100 ii50
1371s Fifth Avenue
100 1100
168
Fourteenth Street. 100 160
135
Gallatin National ..50 2S0
151
10(. 400
Garlield
176
German American. .75 122
Geriu.iu Exchange. 100 250
iso
Germania
100 270
lOOh' Greenwich
25 140
129
Hanover
100 300
116
100 14i
HudiOn River
105 iImi>orter8' & Tr...l00 540
93 ilrving
50 180
114
Leather Manufts-.lOO 23J
147
'Liuculu
100 250
fj6
Madidon Square. ..100 110
IOII4 Manhattan
50 1T8
.Market <i Fulton.. 100 200
.Mechanics'
25 200
.Mechanics'* Tr.. .25 200
'.Mercantile
100 205
Merchants'
50 155
Merchants' Exoh'e 50
14 H
Metropolitan
100
100 325
.Metropolis
Mount Morris
100 200
Murray Hill
50 200
Nassau
50 lo2
128 1» New York
100 212
110
N. Y. Nat. Exch'gelOO 12/
New York Couuty 100 450
Ninth National.... 100 150
137
North America
70 131
315
30 140
North River
Oriental
25 210
. .

145

2J1
115
132

Commonwealth. ..100
100
40
100
Exchange
30
Farragut
50
Continental
Eagle
Empire City
Fii

e Association ..100

174

254
120
303
1381s
93
90
192 200

100
115
160
115
130
115
123
100

110
125
110
115
80
220
200
90
96
107
103

230
210
93
105
110
120
83
325
170
125
210
55

17
80
German-American 100 315
Germania
50 160

50 115
25 201
100
50
15
90
50 133
100 110

Globe

Greenwich
Guardian
Hamilton
Hanover

Jefferson
.30
Kings Co. (B'klyn) .20

95
140
143
108
170

10 J
16 J

70

60
30
78
Lafayette (B'klyn) .50
Liberty
80
70
Long Isl'd (B'klyn). 50 70
100
Manut. & Builders' 100
Nassau (B'klyn)
50 138
37ia
90
National
3;.
105
N. Y. Equitable
80
lOc
New York Fire
50 1S4
Niagara
75
25
North River
23 165
Paclflo
Knickerbocker

170

127

i

I

Peter Cooper.

idG

People's
Phenlx (B'klyn)
Rutgers'

183

standard
Stuyvesant
United Slates

25

10
WilliKuisbnrg Cit,v..5(

Westchester

iTIAHINIi:
122
15

2j0

81
80
75
110

140
LOO
110

90
160

85
170

70

lOo 63
20 lo3
80
ou
5o 130
23 125
5o 100
90
25

Park
56J

'

INSU-

160

90
135
130
103
100

160
160

170

300

395

103
10 i
105
106
107

104
104 >•

170

ItA.NCE SCKIP.

Atlantic Mutual. .1885

1886
1887
1888
18sU
Commerl. Mut.l873.82

PRICES

OF

1031*
106>a
107 1«

60

70

EXCHANGE

niEITIUERSUlPM.

.

.50 175
100 240
People's
25 210
Pheulx
20 140
Produce ExchanijelOO 113
IOC 175
Republic
Seaboard
100 139
Second National. .IOC 325
Seventh National. 100 135
90
Shoe & Leather. . . 100 l.->2
206 210
100 2,50
Sixth Natioual
118
125
St.Nioliolas
100 122
100 115
95' 135 Stateof N. Y
100
rhiril Natiojuil ...loo 125
275
40 100
rrade.smeu's
2UU
United .States Nat. 100 220
171
Udis
1:3
Western National .100
9(i« West Si le
97
100 2 JO

165

160

Firemen's

Home

I

185

Paclflc

Park

Uaoiatious per share.

25
25
20
70

City

260
300
180

821s 85
2l2ia
155 170

100
50 150

American
Citizens'

165
102

155

1131a 114>s

Conn.

Bowery
Broadway
200
160

100

123
150

STOCKS.

New

Central National. .100

i

Louis Natlonal.lOO
Third National. ...100
St.

100
Connecticut
100
170
Hartford
100
National
1511a 155
100
131
134% Orient
100
60J
Phoenix
100
81
Steam Boiler
50
127
132
VoriL.
131
133
Alliance
1000

Chase National. ...100
Chatham
25
Chemical
..100
City
100
Citizens
25

85%

93
115

100 95
100 150

271a Hartford,
'225
;Etna Fire

NeiT Tork.
America
100
American Exch'gelOO
Asbury Park Nat. 100
Bowery
100
Broadway
25
Butchers'ife Drover825

128
120
1651*

100 380

International

131

100
126

124
5713
9-i>3

St. Louis.
B'k of Commerce. .100 465

Bank

231a

162
120
103

Independence Nat 100
Kensington
.^0
Keystone Nat'l
50
Manutact 'r'rs' Nat. 1 00
MechaiiiCH' Nat
100
Merchants' Nat
luO
Nat.Bk N.Libcrlies.50
Penn National
50
Philadelphia Nat. .100
Western
50

3J0

2j0
165

',

47

130
183
lu7
122 >«
120
116
110
117
192

125
183
106
121
119
115
109
115
190
145
225
144
138

American Nat
lOlis 103
Oi*
Bank of Commerce. 10
918

.

i

145

250

Newr Orleans.
Canal

349

Commei'clal Nat
50
Comm'nwealih Nat. 50
1171* Farmers'isMcch.N.lOO
Fourth St. Nat'l.... 100 119
Girard National
40

Masonic
100 140
Merchants' Nat. ..100 130
Northern of Ky ...100 124
People's Bank
123
Second Nat
100 lis
Security.. 1
100 200
Third National.... 100 141
Western
100 145

112
84

Ask.

Bid.

145
210

21)6

19^ Ixiuisv.BankingColOO

144% 145

8t4m)rrt(FallKlv.) loOi 12'J
122
Btifk .Mlll8(N.H.)100o! l'.;'20 122>
Xbcuiii>,,.1i (F. U.).ioo! US'*
115
Til

German Ins. Co.'s.lOO
German
100
German National. 100

102^ 103

150
137
Manufacturers'
160
Mechanics'
-, 50 250
Nassau
100 250

1030
100
102
13J 132
Merrlmaok(Ma8s)1000 1320 1325
Metaoomet (F.R.) .100 80
90
Middlesex (Mass.) 100 175 IsO
garragans'tti F. R,) 1 00
101
Haahoa (N. H.)....500 630 635
Vaomkeag (Ma8s.)103, 102 "n 103
H.E. Glass (M»88.)375; S<9
91
.

129

100
50
40
50
60
100

First National

100
100

13's

133

117'« 118

BrooklyiiL

880
65

.

100
100
100
100
Liouisiana Nat.. .. 100
170
Metropolitan
100
1251s: MutualNat
100
10614 107
New Orleans Nat.. 100
131'ii 133
People's
50
103 1031a State Nat
100
130 130 f Onion Nat
100
143 144
Whitney National. 100
234 237

100
100
100
100
100
100
100
100
100
100
100
100
100
lOO
100
100
100
100
100
100
100
100
100
100
100
100

iferchandisd
tferohauts'
iletropoIitaB

lonument
«. Vernon
few England

.

95
12a
131
98
168
125

& Drov.

Nat

First

HO

132
1055
176
1200
110

lOli*
Cliicopee(MasB.) ..100 1U4
Cooheco (N.H.)....500 466 475
7%|
OoUlnaCo. (Conn.).. 10
Continental (Me.). 100
333e 33>a
54
Cres't Mills (F. R.) 100
50
Cr7Btal Spr. B1.(F.R.).
Davol Mills (F. R.) 100 106 108
Dongl'g Axe (Mass) 100
(Mass.).

Farmers'

10<>8

128
110
117
118
Vanofaoturers'.. .100 104i« 105
Market
100 99 100
141
«arket(Brlghton) . IGO
Massachusetts
250 109 110
239 li 240
4averlok
100
135
iCeohanlcs' (8o.B.)100 13ii

iao" I20I1
1350

BoottCot.(Ma88.)l000 1345
Border City Mfg. (F.R.) 130
Boston Co.(Ma88.)1000 1045
Boston Belting
100 175

m"

121
111\ Hi!
123^ 124
140
138
110
197 198
135 137

100
100
100
Broadway
100
Banker Hill
100
Central
100
Itty
100
Oalumblan
100
JoDimerce
100
Commercial
IOJ
Oomiuonwealth ... 100
Oontlnental
1 00
Sigle
100
Bllot
100
Sverett
IOC
JTohange
100
Paneull Hall
100
First National
100
i-'lrst Ward
100
Pourth National.. 100
'reeraans'-.
100
ilobe
100
Samllton
100
aide & Leather ... 100
aoward
100
Lincoln
100

9

Calomet

Huron

City Nat
100
I'^alls City TobaccolOO
Farniers'of Ky ...100

lilt's

Blacks tone
Boston Nat
Boylston

65c.

8

S4

60

1421a 144

-.100
..100

310
142

IiOulHvllIe.

Marine

ttlantlo
itlas

Philadelphia.;
Bank of No Amer.lOO

JJ'nk of Commerce
Hank of KcutuckylOO
Bank of LouisvillelOO
Cltizena' National- 100

47
125

Parmer8'ifcPlautor8'25

300

100

Standard
Batru Tunnel
do Trnstcert
Union Consol

Cbace (FaU

145
16
20

(*m.

•y«

INSDEANCE STOCKS.

Third National
Western German Bank

S'l'OCKS.

Catlsens'

•45
•90

Bid.

1411s

National Lalavette...
41
Ohio Valley Nat'l
1150 1155 Second National

•dS

BllTerKlnt;

Host.

66
43

dank of liulmuurelOO 142
Bank of (Ximmerce. 15 15

i'io

ISO

Bank Stocks.
Merchants' National..

Ask.

Baltimore.

•06

36i
•75
•IS
•38

Bid.

R.)100
Llnen(Ct)25
(F.

Wlnohei-tcr R. inns Co
750
Vorli Co. (.Me.)

•18
•08
•35

.

Mouo

Veetamoe

•31

IOj

Laeroue

Marato

Bank Stocks.

Bid.

MiKiMO Stocks.

145
117

N.Y.Stock
$ j2,000 bid.
22,000
Last sale. Sept
N.Y.Cou80l.St'k& Pet.
750
Last sale, Sept. 17.
1,100 ask.
N.Y. Produce
1,100
Lasi bale, Sept. 3.
675 bid.
S.Y. Cottou
725
Last sale, Sept. 1..

N.Y. Coffee
Lastsale, Sjp!. 14.

N.Y.
158
130

13J
101

Last sale July 30..
K'lEst Exc.AAuo R'm
Last sale, Sept
Bobtou Stock
Last sale. Sept. 4..
Philadelphia .•itock ..
Last sale, Aug. ...
Chic.

OJ

.Metal

573
60J
53

bid.

a^k.

53
1,220
11,000 bid.
11,000
"2,060

Boar! of Trade

Last

sale, Sept. 4..

1,100

aMci.

450

Pittsb.Pei.,Sl'k

bid.

1
.

1

SepiembEu

N«w ?ork
14, 1889, is

21,

City

2

-

IHE OHHONlCLFi

y

-

..
.

.
.

,

860^

Bank Statement for the week ending S«?pt
We omit two ciphers (00) in all easen.

Ittuestmeiit

as follows.

Banks.

Loon*.

.9urj>liu.

OavitaX.

Le^aU,

Specie.

AND

D»potit$.

(OOa nrnitttd.)

Bank

New

of

aCechanics*

America
Ptaeatx
01t7
Tra^tesmen's
.,

Merctmiita* Kxoh'nge
aallatlu Natlunal
Batchers' & Drovers'.

A Traders
,

Leather Mannfact'rs
Sereoth Nati'inal
State of New York...
^mericau Exchange..

Commerce
Broadway
aCercantlle
Paoltic

22.',2

10^,0
520,
(19,

500,

1,200,0
5,000,0
5,000,0
1,000,0
1,000,0

l,B«.',a

3,119,1
1,533.9

Peoplert'

North Amerloa.

258,8
374,9
191,0

eoe.o
600.0
750,0
500,0
500,0
1,000,0
1,000,0
300,0
1,500,0
2,000,0
240,0
250,0
3,200,0
2,000,0
300,0
750,0
500,0
1,000,0
300.0
250.0
200,0
750,0
500,0
100.0
200,0
200,0
500,0
300,0
200,0
150,0
300,0
200,0
500,0

Cltiiens"

Naasan
Market

St, Faltun
Nicholas
8boe<ft Leather

8t.

Corn Exchange
OonUnental
Orlent.iL

Importers' & Traders'

Park
North River
Bast River
Fourth National
Central National
Second National
Ninth National
First National
Third National

Nafl Exchange

B'jwery

New York County
German- American
Chase National
Avenne
Berman Exchange...
Fifth

Sennanla
Cnlted States
Lincoln

Oaraeld
Filth National
Bank of the Metrop..
West Bide
Seaboard
S xth National
WMtem National

6.X3.

202.7
220.3
1,103,B
2'.

648,0
10
120.2
396,5
.

180,1
278,6

31'i,-.J

61,2

264.1
2,477,0
2,603,9
975,6

230,3
1,753,0
2,552,2
241.1
950.5
247,2
444,4
407,2
167,9
462,7
838,7
335,1
345,0
190,5

l,'285.9
4'i7,9

2,929.1
783,11

269,2
47-1.5
3,757,.5

4,68'3,4

2,081,0
22,619,8
20,8 78,8
2,121,8

423 2
381,0
517,7
234,3
280.7
258,3
482,3
230,1
127,.')

200,0l

82,5

2il,5

1,27'2.2

1,313,.';

2,651,2
1,402.0
3.020.7
15,633,0
14,356,3
4,685,2
8,464,0
2.97.".,3

12,407,4
6,094,7
3,013,4

9,747,0
4,934,0
5,409,8
21,807.4
7,891,8

1,867,7
1,434,3
120,8

3,18-,.

2,24 5,0

779,0
119,0
146.0
119,5
131,8

1,237,0
163,8
49!?,4

700,0
393,2
1,223,5

1,24.3,7

2,562,8
3,140,5
2,.'i44.6

1,673.7
94,7

981,:-l

189,4
233,9
1,115,8
642.6
512.5
331,2
958,0
480,0
469,0
316,0

4,r8.i.4
3,36.3,4

328.9
836,7
253,1
273,5
239,0
488,0
116,0

1,574,1

11,276,1

1..164,1

523,3
321,2

3,107,1
5,213,7
3,641,5
3,527,9
1,996,3
4,658,5
2,537,0
4,023,0
2,010,1
10,803,1

34,2

60.762.7 54,625,1 109.70j,2 74 ,330,8 38,875,1 424,308,5
Capitil.' (t

Bakes.

SuTvlui.

Loans.

Specie.

Lfflt-

DepottU,'

I'learintt

'irc.'''t\

I

N. York.'

Aug. 17

..

24

.

••

S

*

I

11.5,392.8 41.', 980,0 70.022,4140,911,(1 430,323 .5'3,873,
113.392,8 4 12.488.987,6(15,5, 40, 159,0i42-2, 794 ,013,870,

600,526,3
623,78.5,7

"
31... 115.392.8 406.211.9 69,578,8 10,061,8 419,399 ,:-;'3,923, 026.889.1
Sept. 7.... 113.392.8 406.832.3 76,478.3 37.792,1 424,372 .1 3.964, 5'627,373,8
••
11
116,;i87,8 409,703,2 74,336,8 36,873,1 424,308 ,53,975, 7 701,265,7
'

Boston.*

Aug. 31
Sept.
'•

7....

14

..

Pbila.Aag. 31....

I

63 544,9 154,413,9 10.701, 8| 4,765.8 131,713,
63,544 9 135.210,3 I0,66o,l 4,499,4 134, 547
65, 144 9 155,294,8 10,632,8, 1,74- ,0 137,366,

2,532, 9

72,124.2
74,136.2
79,797,9

'2,496 1

2,545,

The Investors' Supplement, a pamphlet of 150 pagei, contains extenied tables of the Funded Debt of Sta'ei and
ities and of the Stocks and Bunds of Railroads and other '
Companiex. It is published oti, the I'ltt Saturday of ever'yf
'.

month— v'z., January, March, May, July. September
November, ani <s furnUhed without extra charge la
regular subscribers of the Chronicle. Extra c?p{e,i.

other
a-xd
all

are sold to subscribers of the Ciirosiclk at 50 cents aaeh,.
and to others at .|1 per copy.
The Gen ral Qaota'tims of Stocks and Bonds, occtpying-'
six pages of the Ch ioniclb, are now published on the.-

third Saturday of each month.

5,48-2,7

804,0
326,0
373,9

389,0
237,0
698,5
308.3

942,0
917,0

2,981,9
3,054,7
1,660,4
3,927,9
2,129,0
3,178.0
1.910,0
11.392,5

4,119,1
3.918.3
2.048,7
3,038,0

18,?>65,5

135,4

•2,1611,0

4,5'.'8,5

'2,454,8

27,656,7

146,8

18.',7

123,5
4,593,9
3,897.8
101,5
246,7
2,975,4

18,179,0
8,229,0
4,074,0
5,259,7
22.285,5
7,n3,l'
1,373.0
2,488.7
2.638,3
2,787.4
9.709,6
3.835,7
2,936,5
2,640,1

4,1 93.0
10,286,3

18,223,5
2,930,0
2,876,7
3,234,3
4,421,3
1.875,2
3,361.0
5,499 8
5,332.1
1.930.0
24.254,4
23,K44,0
2,418,0
1,446,0

58.'<,6

300.3
4,292,8
2,013,2
114,1
121,0
1,336,4
507,3
223,2
281,9
6,157,4
248,2
132,0
391,7
157.6
217,6
679,7
717,1

l!.'2:-t4.2

1,741,2

512.1
201.8
487,9
994,2
215,4
440,0
787,3

9.0

3,500,0

Totol

5,')0,9

4,989.8
2.435,4
4.654,4
14.813.0
2,h03.0
2.967,2
2.811,7
4.074,9
1,99S,0
2,802,0
6,274,0

1.202,6

.100,0

Irving

464,0

2,831,9

4.Si.0

1,000,0

Hanover

896,8
818,3
36^.7
93,8
484,0

8,7:13,7

11,3'J5,I

350,9
838,2
584,3
250.0

450,0
200,0
700,0

202,0
1.044.0
139,3

30..

7,830,

74.3,0

7,236.4
8.012.0

688,0

884

12,080.0
9.7il5.0

O.'jO.O

2 344.9

22,815.1
3,632,0
6,21 !,h
2,010,4
2,596,0
1,303,7
3,417,1
1.404,8
3,880,0
17,636,0
18.S80.U
5,765,3

275,3

200,0
200,0
600,0
300,0

l,19J,3l

3,0i 0.8

1,3.14,8

1,000,0;
300,0'

1,139,9

1.809.

9.123,0
11,326.0
4.494.0
9,841.5

542,8
2,309,7
20S,4
300.0 5,941,0
600,0'
108,5

422,1

Chatham.... ..........

Y.

l,87?i.5

6.7r.li.7

1,430,0,

1.'204.
1,0.11.

9.8l3.0

l,B3ii,(l

*

1,4110,0
], 83.1,0

12,.^40,0

l,210,(i'
7i)0,2

1,500,0*

Republic

N

1,551. 2l

1,000,0
1,000,0

Chemical

Meohantcd'

S

«

2.000,0
2.050.0
2,000,0
2.000,0
3,000.0'
i.ooo.o;

Merchanta'

areeuwich

S

t
York...

Manhattan Co

132.3 99,5.32.0
23,64.3,0
9S,256, 2,1S'2,
62,030,4
Sept. 7 ..
35,132,3 99,559,0
26,036,0
98,049, 2.131,
60.083.4
'•
14....
36,132,3 100.574.0
26,500,0
99 302, 3,133,
6.),732,8
• We omit
two ciphf.Ts tn aU there Jlguree. + (nuiuaioK, for Boston ana Phils
de }hla, the Item "due to other b,inx8.'''
3,:,

FOREION Tkade op New York— Monthly Statement.— In
addition to the foregoing tables, made up from weekly returng,
we give the following figures for the full months, also issued
by our New York Cuatoin House. The first sta'em^nt covers
the total imports of merchandiBe.
IMPORTS INTO WEW TORK.

RAILROAD EARNINGS.
Latest

Eamingt

Week or Ho
Allegheny Val. JuljAaniston <fe Atl. Ausiist.
Anulston & Ciii-IAugU-it.
AaUv.A Spartan Aiii?iist.

& S.

$
211,978

.

wk
wk
wk
wk

Sop
Sep
Sep
Gulf.Col.Lt8.F.|l.-4t
Sep
Califor'a Cent. 1st
Callfor'aSou.. l9t «k Sep
"Total .-fv-steint. 1st wk Sep
Atlanta & Char June
W.Pt AugustAtlanta
AugustAtl. ii Danv
Atcli. T.

Fe..ll8t

St.L.K.C.&Col.ilst

.

,fe

.

wk

1888.

i

JfontA.

Drv
Ooode.

General

Drv

lotal.

Jferchan-

eoodi.

Mie.

General
Total.

fierchan-

aue.
1

«

January....

15,984.16(1

t
»
31,«42,557| 47.626,717

February

13,798,068

30,35«,290

44.138,858

March

l.>,7il«,553

i!9,544,38S

42.310.943

10,12:i,-25S

31,121,301

41,aiJ,559

April

12,288,5«J

29,61-2,048

41,900,629
36.970.1I66| 43.84', 978
32,078.6 J 1 40,010,176

ll,117.5-)7

38.495,264

7,081.072

27,377,787
82,614,331

41,067,652

..

May

6,871,012

«

t

15,530,747

25,337,34
31,484,136

14,299.406

(
40,888,287
41,783,632

39.675,428

June

7,961,55,:

6.5(9,01!)

34,318,6.-(,S

July

12,052,320

36,082,008

48.131,418

l:!,938,08i)

27.4.34.108

41,4i)'2.(25

Aoffnat

1I.763,5'29

34,114,638

45,908.167

11.710,421

20.315,'i00

39,065,934

ToUI....

»3,5I«.fl7s 26O.«i4.610 353.»2I.S88

BZPOBT8 FROM NEW YOKE.

90,.379,5-7 2:i3.2-J3,5C9 .^25.6 8.176

CUSTOMS RECEIPTS.
At New York.

Total Merchandiie.

Month.

MontK.
1888.

1889.

1888

r~

Jannary
February

30,1 8.144
2«,2i2.fJ2o

24.035,029' January..

,031,750

13,496.

26,342,257;

February.

.9.->4,011

13,160,

3l,S5'^,633

22.S(j3,-2ij1

March

Apr!)

29,108,075

25,066,2-27

May

86,U0,'235, 23,917,581

Jnne

I

March

123,0111

lI.O.'i',

April

,9rt3,737

11,159,

May

097,633

9.98'2,

»I.-28 ,7741 2a,98M.504|'

.fl07,7,)0

10,948,

23,394.1271 22.810.769

,787,3.10

14, 19.

l.iiOi

13.834.

j

July
I

Angu.lt

81.5)1.187

21,838.53

I

ToUl....

.

8'J5,0.-«.187ll92,932,I(l4l

Total.

I0l.'28l,727l 97.812-217

6,180
9,787
11,300
410,277
1,346
84,898
19,187
13,06.5

556,250
102,533
31,801
39,000
35,897

1888.

172,902
6,155

Jan. 1

to

Lateal Dal'.

1889.

1,304,345
61,818:

73,409
12,992
76,214
401,544 12,858,250
1,331
41,516
69,022 2,246,281
18,764
701,651
18.027
516,550
538,464 17,355,056
82,646
709,770
26,300
257,918
23.487
51,290 1,849,910
1,583,108 10,809,654
,342 3,167,813

1888.

l,141,95r
58,074

73,442
1,785,645
1.136,366
16,473,652
624,933
247,318

Sept
1,933,765
1,660,601
B.&O.E i<; Linos August.
10,183,220
445,716
Western Line..* August.
2,989,538
August
Total
2,106,317 1,955,450 13,977,4(J7 13,17-2,75S
125,232 127,153
Bait. iV Poiomac July
912,655
872,584
Julv
Beeoli Creek
75,74
71.079
433,900
545,380Suff.Eocli..\;l'ilt 2(1 wk Sept
27,325
39,424 1,344,015 1,347,848
13,1-J4
Cairo V. ACliic- ItliwkJ'ne
12,195
325,145
328,805
Camdeii & Atl,. July
107,678 ] 06,864
381,873
359,875
347,00(1
C-inii(lian Pacific '2d wk 8ei>t
266,00(1 9,804,022 8.764,482
30,016
Cp F'r&Yatl.Val August..
28,025
247,.597
204,290
52,477
Cent. Br. U. P.. July
68,157
382,273
486,660
Ceu.KK.&Bg.Co July
581,801
499,003 4,009,461 3,768,702
Central Of N. J.. Julv
1,312,.597 1,256,2.50 7,352,998 7,Cia,298
Central Paeiflc. July
1,484,030 1,385,438 8,601,9-27 8,645,567
Central of S. C. June
5,654
6,931
50,172
51,208
Cbarlest'n & Sav July
39,537
37,419
363,204
337,804
Cliar.Col.&Aug. August
73,800
71.495
562,520
563,924
Cliat.B'me&Col. August...
23,750
10,348
162,518
Chcraw. & Darl Jul.y
5,344
4.180
43,641
41,V87
Augi.st. ..
dChes. & Ohio
611,000 474,000 3,795,081 3,336.166
cues. O. & 8. W. August.
194,740 169,983 1,316.604 1,201.294
Eliz.Lex.&B.S. June
56,391
77,-207
391,047
457.111
iJune
Cheshire
60,996
50,835
296.919
266„507
Ches. & Lenoir .IJune
4,649
34,.567
4,742
38,499
Chic. & Atlantic. 1st wk Sep
50,910
46,071 1,490,179 1,571,657
178.24s 1,092,9611
aiic. Burl. & No July.
160,6(i6
973,610
•2,088,150 1,863,501 M,()3(),927 11,839,466
Chic. Burl. & Q. July.
Lines contr'l'd July.
461,724 3,967,346 3,020,992
583,,59(I
56,H90
Chie.& East. 111. 2(1 wk Sept
58,701 1,778,894 1,812,891
Chic. iMil. &St.P. 2(1 wk Sept
605,50!)
570,029 16,483,816 ]5,H4C,77ft
Chic. AN'tUw'n. August2,575,104 2,295,291 15,9.53.4(i7 15,922,384
Chic. & Oh. Riv. August.
7,412
0.795
47,521
32,548
Chic. Pe. & St. L. July....
30,691
27.080
193,364
170,898
76,i25 1,906,560 1,349,146
Cblc.St.P.&K.C. 4thwkAug 133,606
Chlc.St.P.^f.<feO. July
507,594 550,630 3,246,685 3,344,896
Chic. & W. Mich. 1st wk Sep
23,580
28,324
921.844
953,294
Clu. Ga. & Ports. August
6,686
6,813
40,532
40,994
Cin. Jack. & Mar 2d wk Sept
14,457
13,700
418,161
364,447
7-2,732
OIn. N. O. & T. p. 1 St wk Sep
68.085 2,51.5,529 2,421,!>54
Ala. Gt. South Ist wk Sep
33,698
26,434 1,-207,359 1,005,891
16,5-29
N. Orl. & N. E. 1st wk Sep
14,136
645,471
545.833
358.0-25
Ala. & Vicksb, 1st «k Sep
9,009
7,148
293,177
Vicks. 8h. & P. 1st wk Sep
8,271
8,286
352,547
326,062
Erlanger Syst. 1st wk Sep 140,239 124,089 5,078,931 4,59-2,516
Cin.Rich.&Ft.W 2dwk Sept
8,280
9,857
308,810
283,521
Cin. Sel. & Mob. August..
7,730
5,484
59,774
65,907
Cin.Wab.&Mich. August..
56,427
48,871
344,206
312,279
Cin.Wash.&Ball -2dwk Sept
50,111
47,202 1,447,842 1,424,181
Clev.Akrou&Col Ithwk Aug
24,193
22,166
476,652
414,439
Clev. & Canton.. August
42,000
34,382
274,365
249,355
«Cl.Cin.Ch.&S.L 1st wk Sep 25.5,241
259,721 6,033,532 5,671.330
C'lev. & Marietta August
24,020
22,998
163,307
177.531
Color. Midland. 2d wk Sept
29,350
25,913 1,135.521
911.960
Col. & Gieeuv
August
53,1.50
49,061
436.729
377,828
Col. & Cin. Jlid.. 2d wk Sept
11.466
8,133
233,846
239,666
Col. Hock. V.&r. IthwkAug
61,830
76,318 1,531.686 ],817,93»
Coving. A-.Mac'u. July...
23,309
7,935
3,965
52.923
Day.Ft.W.&Ch.. August
315,766'
50,111
42,678
265,955
Deny. & Rid Or. 2d wk 8ei)t 167,000 172,000 5,325,413 5,202,391
Denv.S.P'kAPae July
489,719
620,416
102,497 109,059
'Deu.Tx.A F.W.IAugust
258,046 195,208 1,437,7371 1,1(X>,744
Uet.Bay C* Alp^ Ith'wk Aug
331.974!
323,287
11.387
14,388
Det.La'us'g & No: 1st wk Sep
2-2.557
663,440
732,051
21,831
982.339
OuluthS.K.it.Vtl 2dwk Sept!
47,734 1,261,120
47,842
E.Tonn.V'a.itCla. Ist wk Sep
106,683 4,070,964 3 a^3,J-?8
116,959
201,651
168 978
Evan8.ifeliid'pli.~ 2dwk Sept
6,107
6,190
601.870
Evansv. & 1'. H. 2d\vk Sept
611,743
18.794
2(),.506
Fitchburg
July
522,624 469,770 3,168.669 2 910,017
Flint.* I'. Marq. st wk Sep
43,856 1,018,-^22 i;660,lS9
44,480
70l,S41
Flor. Ceiil & P. 1st wk Sep
751,373
11,859
18,897
2-2,686
163,696
148,446
Ft.W.Ciu. &L..iJ>Uy
23,782
854.004
793,266
ijeorpria Pacilic August...
122812 101.6-22
149.147
3,499
Geo. So. it Fla.. July
27,481
44,709: 1,024,-K!2 1.579,706
Gr. Rap. c\; lud. -^d wk Sept
40,431
4,0981
110.615
140,610
Other lines. .. 2 wk Sept
3,542
Grand Trunk. .. Wk Sept. 7 414,391 40.5,601 13.141,(i98 12,197,138
02,'2O4 2,370.418 2.158.321
Chic. & Gr.lY. Wk Sept. 7
76,961
21,H82
684,9.50
735,06»
Dot.Or.H.i- M. Wk Sept. 7
22,727
Atlantic

.^

Hao.

2(1

.

.

.

.

!

.

1S89.

Beporled.

1,589.

.

.

I

,

1

.

.

.

1

THE CHRONICLK

370
Xamingt

Laiett

Beported.

1889.

irfcAror3/o|

(

I

iJuly

IIS.IO-J

I

280,139
15.000

Hou8.iVTex.l'<'ii.i.4iiB«at

Hiiiu«sfiKVS!iriiAn>,ni»t

'

'

J>ub.A:Sio'.\C AuRiist....;

Iowa

line.« .... Aufriust. ...

|

CViitral

.

. . .

43,157
233,740
35,853

.Tul.v
,2il

wk Sciit

J'lrs'uv.T.AK.\V;Jiily
KainiwhaA: Ohio; 1st wk Sop
K.C:.K.S. A Miiu., I8t wk Sep
Kan. C. CI. A: Sp 1st wk Sop,
i

K-CMiMU.
K. C. Wv.

Keokuk
L. Eiio
I...

Erie

Leliiifh

L.

W

& I'ciii.

l^t

wk Sep

Obto.,Jiily
So AuRiist.

\-

.Vll. A:

A Wc.*t..
A Ilml..

Aiinu.-(t

—

Islaiul

& Mo.

. .

2!lwk Sept

Kock & Mem.

Lonx

....

Aut.-ii.-'t

M wk.< .VuKi
We.st Jlst wk 8ep
O'lii

\-

KiUKst'ii

Know.

N.

A-

Kentufkv

ItUwk AusI

A- iiir.

Isc

wk Sep

.\iiKU9t

River. June
Loiiis.Ev.& st.r.. 2.1 wk Sept

La.

wk Kept
Louis. N. A& <'li.l2<l wk Sept
Louisv.S.O. * T. -ja wk Sept
Ix>iii.'<v.&Xa.«liv.|2il

Lou.

St.L.Ar Tex. Aujiist.

107,937
220,001
11,592

88.8051
8,643,653
58,0631
l,03(i,773,
1,094,83(1

. .

9,740,489'
243,337i

45,13
210,149
41,219

4'

36.949
27,726
377,095
54,009
48,909

1,396,093
91,786
7,356,336
60,198
1,043,087
1,103.283
8,439,630
237,121

170,701

613,883
217,481
128,872
323,566
39,420
1,723,387
181,879
375,258
2,353.002
192,297

4,2! 8

l,563.'<(lli

26.3',57'6

78,783
6,005
21,500
29,082
70,586
7,834
39,848
5,777
51,238
25,128
13,030
451,773
33,281
24,747
327,910
49,879
38,121

$
592,884

1,777,716
982,074
305.124
184,463
3,125,779
176.527

"'5,176

92,094
5,639
27,152
3S,900
69,574
7.288
2,971
4i.568
5,170
54,771
30,319
11,829

!

1,6(H),959

132,032

'6,048

"

613.9!)it
207,.">26

932,76-'
304,43!)

182,684
2,787,640
170,200

12><,946

277,207
37.244
1,440,768
163,243
448,202

31,8

37,00n
27,323
30,539 1,112,.535 1,044,371
32,160
126,622
90,904 4,311,424 4,071,349
305,173 176,729 2,441.664 1,500,627
66,553 2,765,027 2.623,413
73.078
80.23
70,761 2,401,682 1,934,412
727,081
804,833
27,400
22,449
62,124
70,610
9,107
9,603
£4anKe. August
Mineral
831,236
833.335
106.181
121,481
Minueap. iV; St.T.. August
601,307
864,625
115,375 116.102
S.S.M. Aujiust. . .
M.St.P. &
681,623 572,569 4,449,038 3,990.001
Mo. Kan. i- Tex. .Uiifust
223,865 192,779 1,906,913 1,572,91.4
Mobile & Obio .. August
444,710
403,605
59,162
71,547
Montana Union. July
328.640 272,183 2,292,750 2,024,784
August....
Nasli.Cb.ASt.l..
477,643
512,453
79,794
73,609
New Brun.swie';. July
1311,219
13l,00fl
23.550
23,806
N. Jersey & N.Y. July
98,604
104,953
10,444
12,291
New Orl. & Gulf Auijust
August.... 3,400,984 3,273,771 23,1H3,04h 22,716,393
N. Y. C. & H. K.
2,538.440 ,378,769 14,733,022 13,223.380
N. Y. 1.. E. & W. July
578,576 554,325 3.493.768 3,317,501
N. Y. Pa. & Obio July
492,069 464,991 3,091,177 2,906,766
N. Y^&N.Eng.. July
375,983
402.075
56,9.33
61,550
N. Y. ANortb'n. August
37,763 1,286,2 6 1,204,142
38,60:
2d wk Sept
N. Y. Out. i
782,324
741,232
140,301 123,287
5N.Y'. Susq.&W. JiUv.
90,938 3,712,795 3,312.239
Norfolk A: We.st. 2r. wk Sept 125,36(r
341,801
328,115
32,274
43,041
N'tbeast'n (S. C.) June
513,804 562,31: 3,259,103 3,462,488
Nortli'u Central. July
11,477.173
390,423 14,030,806
Northern Paeillc 26 wk Sept 518,34
935.263
37,095
911,795
38,662
Ohio liid. & W..!ltiiwkAug
-.'d wk Sept
111.889 101,15" 2,746,572 2.602,464
Ohio & Miss
120,003
21,479
17,398
137,901
Ohio & Nortliw.. .Vngu.st
1,144
£30
Coi.&Maysv. Augu.st
310,637
380,26(1
2(1 wk Sept
17,815
11,880
Ohio Kiver
353,722
46.185
323,893
51,393
Ohio Southern.. August...-.
1110,40'.'
88.111
2,141
3,584
Ob'o Val. of Ky, 1st wk Sep
224.915
31.393
263,373
42,024
-Omaha &St.L.. July
413,592 421,03
2,400,441 £.891,618
Oregon Imp. Co. July
Oreg. R. & N. Co. July
570,959 528,094 3,237,911 3,320,972
Orcg. Short I.iue July
317,862 222,094 1,780,238 1.397,870
Peiin.sylvaiiia
July
5,211,674 4,822,412 33,243,911 32,680,617
471,380
Peoria Dec. A-Ev. 2flwk Sept
16,145
17,452
493,402
July
258,917
Petersburg
36,070
288,611
30,339
PhiUi. & Eiic... July
481,738 440,108 2,442,493 2,338,642
Phila. &Read'g. July
1,801,311 1,743,553
Pittsb. & We.st'n [July
690,718
130,399 101,442
799,907
42.284
258.733
Pitts. Cler..fcX JiUy
43,698
287,088
Pltt3.Pain.A!F.'July
136.172
26,981
34,366
109,146
Total Hvsteni 2d wk Sept
42,070
43,941 1,530,902 1,371,847
21,271
173,296
196.427
Pf. Koyal i- Aug. [July
22,693
Ft^Roy.A: W.Car. July
19,609
21,353
193,838
178,432
Frcs.A-Ariz.c.n. August
10,839
85,883
63,634
10,854
«R.A'Dan. Sv,s"iu 1st wk Sep 217,091 210,841 7,290.376 6,485,449
Rich, .t l'eter.-.|).:JiiIy
155,912
23,039
23,687
16i>,404
Bio Gr. Wesi. I2dwk8ept
33,650
32.575
990,046
879,5;.7
Rome \V. & Og<V Lluly
343.483 300.398 1,882,766 l,79y,6';5
St Jos. & G. fsl. 2d wk .Sept
21,774
29,139
801,773
734,318
8t.L.A.A:T.H.B's 1st wk Sep
21,961
18,718
680,223
594,224
St.L. Ark. A.- Tex. 2d wk Sept
72,682
67,617 2,176,750; 1.867,95
8t.L.& San l\an. 2d wk Sept 129,914 134,211 3,917,053, 3,763,02V
8t.Paul A-Uul'tb .\ueust....
129.767 165,535
754,2111
977,063
St.P.Miii.A- .Man. August....
043.182 789,995 4,681,655, 5,705,362
East, of Jliim. August
58,000
MoutauaCfiu. August
82,983
40,604
8.Ant.&,\r.l'a<>. 1st wk Sep
33.424
21,331
796,666'
634,728
8. Fran.AX.l'ae. 1st wk Sejj
18,116
1 5,773
Sav. Am. A- Mou. August.
14,415
7,706
114,596
53,310
Scioto Valley... July
55,204
52,789
355,590
364,974
Seattle L. S. <!c E. 2d wk Sept
6,845
3,183
183,082
Shenandoah ValiAugust
100,000
85,897
580.605
s'ii'.ii'o's
South Carolina .IJuIy...,
96,661
83,211
7v:3,434
676,914
I

!

!

Union

1

I

o.—

Gal.Har.AS.A.Ijuiy...
Louis'a W.'-tt. J,July
Slorgan's .A: I'.l July
N. Y.T.>^Mex.ljiilv...
Tex. A- X. (ill. Jul.v...
Atlautie sy.s'in'July
1

Paeltic .fVJtein July....
Total of all
July....
So. Pae. RK.—
No. Div. (C.ii.)]July
So. Div. (Cal.) ,Tuly....

Arizona Div..
New Mex. Dir.
Spar. Un. Ai Col.
Stateu I. llap. T.

Summit

July
July
I

June

...

August.

Biaiicb. July

Lykens V.iUcy July
Texas At Paellic. 2d n-k Sept
Tol. A. A. At N. M. 2d wk Sept

2dwk
Tola Ohio Cent.ad wk
Tol. Col.

A[

Cln..

Sept
Sept

T0I.& O.Cen.Ex.' August
Tol. P.

&

West.. '1st

wk Sep

280,.574

88,928
366,403
1 4,302
147.469
897,676
3,128,458
4,026,134

231,203
527,201
128,176
69,587
6,843
126,485
98,389
51,570
114,088
18,946
6,211
28,227
8,231

21,228

Latest Date.

266,322 2,081,021 2,120.893
71,125
578,762
516,422
335,326 2,769,988 2,773,038
9,793
79,053
(12,448
109,424
896.550
773,672
792,191 6,403,374 6,246,469
2,947,469 18,898,242 19,549,5 (2
3,739,659 25,303,615 25,796,011
206,939
512.143
149,572
59,748
5,3.57

1,182,465
3,487,5t)4
1,01)4,913

551,439
55,239

1,095,831
3,900,602
l,28.i,670

600,387
47,900
616,117
812,333

131,921
107,136

G(i0,731

.57,165

457,278
4,104,252

4,074,679

642,323i
170,0431
813,655'
82,568!
596,S3ll

431,917
125,135
793,433
56,034
575,197

1

12,071
13,729
4,012
25,681
8,042
22,1641

679,SS3|

1888.

I

I

$

& K.C. l2dwkSopt

I-.

Pacific...

July
July

2,

'

'

'

.

& Aug. Jime
wk Sept

Wil. Col.

50.349
85,717

52,961
107,213

Wisconsin Cent. 2d

4.'!9, ,684'

2.799, 939

399,887

1,563,179

t Mexican curt Inclu'liug lines in which half ownership la held,
6 Includes the Memphis
" Wabash E'wav now included.
rency.
including all road operc Earnings of entire system,
division In 1889.
ated. (' Richmond & Allegheny included In both years, j Includes Fort
Worth & D. C. for first three months in both years.

Latest Gross Earnings by

5->2,590

Weeks.—The latest weekly earnsummed up as follows:

ings in the foregoing table are separately

still heavy and for the second
an increase of \V12 percent on

The gains in earnings are

week

of Septeml^er there

is

the 47 roads which have thus far reported.

Pacific

Roch.& Pittsburg

Canadian Pacitlo
Chicago & Atlantic
I'hio.

&

Ea.st. Illinois

Ohicago Mil. ,&St. Paul

& Mack

Oineinnati Jack.

&

(!1nelnnati Rleli.
Ft.
Gin. Wash. & Bait

& Cm.

'Tol.

Denver

W

Diiluth

&

Evansvllie
Eyansville

&

8.2><0

Atlantic...

e.is-o

Indiauap...

H

LoulavUle N. O & Texas.
.VIoxlean Central
L. Sli.AiWest..

Nurtheru

A;

.

Out. & West
Xorfolk & Western
Northern PaciMc.. ........
Oh'o & Mississii'pi
Ohio River
r-i ona Dee. & Evans
°ltts. & West., tot. sysi'm

N.Y

Hio Grand Wcstein
Josepli

8r.
3t.

&

Gr. Island...

Louis Ark. & Texas...
Louis Ai San Fran

4,098
41,219
51,2324.747
327.-10
44.879
3-. 12;
90,904

54.771
27.726
377.09.3

54,009
48,909
12t;,622

80.232
27.400
38,602
125.366
518.346

7i',7til

22,449
37,763
90,938
390,4.3
101.15.
11,380
17,452
43,941
32,575

11 1,8^9

17,845
16.145
42.070
33,650
21.774
72,682
123,214
6,S45
114.088
18,946

Western

St. L. &Kau. C...
«^.kOash ;coiisol. 8\stein).
iN. Y. AcPenii

292,736
84.600

Aj Lake Erie
Wisconsin Ceutral

19.175
107, J15

4,192,015

3,752.112

East

Tiledo

Ann A. & No.

Mich.

& Cin
Ohio Central

Toledo Col.
Coioilo

<fe

Toledo

*hee"Llng

Total (47 roads)

Ret Increase. (1 1-72
*
t

3,333
5,000
i'o"4

556
5,366

^__

3.533
2,979
49,185
4.130
lO.iS-i

:35,718
9,471
4,'i31

837
34,428
127,923
10.732
5,965
i,3'o''7

1,871
i,6'7'5

7,365

29.1:19

6,241
28.227

Ac

1,577

83
1,712
1,722

...

Seattle L. S.

2,37'i

2,9 9
3,437

67,617
134,211
3,183
112,0.1
15,729
4,012
25,681
14.858
287.480
74,iOO
lS,6tO
85,717

it.

4,839

35.471
3,757

41,7iP«

3.3.853

Louisv. Evan^. A: St. L...
Loalsvdi AsNa-hville
LouisvU'e N. Alb. & CWo.

si.oo'o

18,791

20,506
46,431
3.542

Other lines
Itowa Central
I>ake Erie & Western

S

6.1'

167 010
47.842

27,87r>

Decreate.

18,393
12,099

47,202
25,913
11,466
172,000
47.734

8.133

uraud Rapids &Iad

Milwaukee
Milwaukee

13.71J0
9,8.37

2:-».3.io

Gr.inde

T.

46,'71
58.761
570.O2H

50,111

MiiUand

Ac Rio
8. S. At

260,001

15,457

lorado Midland

9

54,290
30,424

35,897
27, 32^
347.000
50,910
56.390
605,501)

..

Increajie.

$

$

A

Atlantic
'Buffalo

1888.

1889.

Vd week of September.

I

(

1 to

1889.

686, 153
351,774
14,858
27,8781
716.578,2, 544,064 15,495. 265116 ,037,644
Total sy.stenit..
3, 471,073 3, 264,690 20,012,,432 20,,703,801
42,353
43,,744
14,582
12,972
Utah A: Xevada. 'July
,113,459
199,193 185,103 1,112,,540
Utah AiXoith'n. July
416,,293
391,340
61,6.36
64,597
Valley of Ohio.. August
16,.37-.
98,435
102,,343
19.832
Venuout Valley July
.170,019
181,900 171,81( 1,346,,314
Virginia Midl'd. August
,333,827
<( Wabash
2d wk Sept 292,736 287,480 8,720,,914
75,313
14,830
78,,397
16,375
Wasb.O.A West August
284,031
315 ,846
38,265
27,793
Western of Ala. August
,176,007
74,300 2,350,,372
84,600
West. N.Y. & Pa. 2d wk Sept
408,273
63,200
5C5, 266
56,657
West. N. Car'l'a. August...
857,172
820, 161
191,052 191.201
July
West .Tcrsev
401,990
63,870
488, 549
August.
70,394
W.V.Cen.&Pitts.
61.3,,980
616,992
18,600
19,175
Wheeling & L.E. 2d wk Sept

Tol. St.

.

So. Pacilie

$

I

205,019

l2,l'6.3',2'26 11,669,307
1.649,954 1,316,689
1,705,168 1,503,933

. .

1888.

2,3(K),065

Louisv. .SoutU'ii.lAugusr
MeiupliisAl'liii-'llst wk Sep

W

Jan.

Reported.

1889.

I

;Mexlcaii Cent...]2dwk Sept
;Mcx. National .lAuRust
JMexJean H'wnyi Wk Aus:.24
Mil.I-.Sb. »t Wcsi l2d wk Sept
Milwaukee \- No 2a-nk Sept
.

Xamingi

Week or Mn

1888.

»
635,990

140,.=.71
13.t,282
1,331,1 l«il,15«,96S

A iiRiist

.

.

Iowa

I

Aiipist

Total nil
Ind.DfO.A: \Ve>t
Int Jt «t, Nor.

J'^-H'^.T

Latett

EOADS.

1,1'7,H34 l,016,39<i
8,540
8,0 < 5

IJI.Ceii.(in.\.-<>. Aim-ust....
Cedur r..V Mill. AiiJCiist. ...

iMlett Date.

to

1889.

$

1

Housatonk

Jan. 1

1888.

BOAIl?.

[Vol. XLlXi

p. c.)

5,065

4,997
3,C'6"2

2.017

3,217
2.229
2.546
13,020
5.256
10,300

575
21,493

504,158
439.903

64,235

Decrease due to strike at miues stooping shipments of coal and ooke.
"
Ouly 6 days in 18i9 against 7 in 1883.

For the first week of September the increase
form is 7 '91 per cent on 85 roads.
week of September.

1889.

Prev'ly report'd (50 roads)
Aich T & 8. F. & L'sed I's.
St Louis K. C. & Col .
Gulf Col. & Santa Fe...
.

Callornia Central

1888.

S

l8(

9

4,019.039
410.277
1.316
84,893
19,187

California Southern....

Cin. N. O. Ac T. P. (3 r'ds)
Cleve. Cin. Oh. At St- U ...
No
Otfiroit 1 an-ing

401.544
l,3.:il

69,022
18,764
18.027
46,072

13,1.65

49,526
23.580
140,239
235,241
21,831
116,959
44,180

3,079,731

Chicago & Atlantic
hiengo At West Mich
1

&

Va. &Ga

EastTenn.
Font At Pere Marquette...

&

Peninsula...

18,«97

Trnukot Canada..
CliicaKoAj (jrand Tr

414,391
76,96
22,727

[•'la.

Crt

t.

tiranil

KetruitGr. U. At Mil
Kaiiawiia & Ohio
liansas C. Ft. S.

Kansas

—

& Mem

C. Clin. &.

6,04 8
.

Spr

Keokuk West' rn
Kmgsion.v Pembroke...
..t

Ltke Erie <& Western
Rock & Mcmiihis

Little

Memphis

ib

Charleston.

1

.

92.091
5.639
7,288
2,971

52,513
11,829
32.HiO

2.-,324
124,0(19
2..9,;2i
.

22.657
106,685
43,85B
11,839
403,604

in the final

hurease.

9
411,016

Decrease.

*
71,691

8,733
15
15,S76

423
4,36"2

3,454

4,744
16,150

4,480

726
10,274

624

62,-.i04

7,0-8
8,787
14.757

24,882
3.176
78,783

13,311

2,i55

872

366
546

«,o> 5

7.834
4,218
53,12b
13,030
30,5o9

•

••

1,247

613
1,201

1.621

September

21, 1889,

THE CHRONICLE.

|

1« week of September.

13.fll7
H,.')-l
2H,I>()

1,767
1 ,443

11,880

Oliio Valley of Kf-n'ueky.

2,' 41
23.r>7f>

Elo Grande Weftern
St L. Alt. & T. H. Brchs

'

21.i)l>l

21,li'2«

930

22,104
5.G38.5C-!

538.805
445,798

p. P.).

93,067

NetEariiimjs .Wonthlf to Latest Oates.— The tables following show the net earnings reported this week, the r tr.urnt.
for each road being published here as soon as received, but not
kept standing from week to week. The figures cover the
latest months and the totals from January 1, and also the
totals for the fis -al year on those companies whose fiscal year

does not correspond with the calendar year.
July.

,

.

1888.

1889.

Rnads.
172,832 157,134
Buff Kocli. & Pitts. .Gro?8
57,2>S5
41,911
Net..
Gross. 1,484,030 1,3SS,4?8
Central Pactflc
627,202 620,314
Net...
45.420
60,338
CiD.Jacksou & Mack Gross.
4,504
11,087
Net...
East Tenn. Va. & Ga Gros?. 491.111 456,594
188,4 jO 152.443
Net...
39.-'48
44,.=; 68
Knoxville & Ohiot. Gross.
18,628
18.573
Net.
Marq. Gross. 19.1,064 195.639
Flint & Pere
71,385
58,767
Net...
. .

£

32 1,2 54
89,910
49.596

25,S95
2,978
Net ..
21,771
Western. .Gross.
def. 6,145
Net

22.238

N.
S

Chic.

&G1. Trunk

t

..

Gvo.«8.

Net-..

Hav.&

Det. Gr.

^-Jan. I to July 31 1888
1889.

Mil. Gross.

Net...

s

«

1,098.931
210,039
8,645,567
3,415,566

1,117,606
298,683
8.601,927
2,864,708
321,785
47,998
3,377.5=6
1,311,102
32 ',566
123,214
1,381,231
418,627

£

366,784
109.886
63.797
13.967
18,753
4,434

Grand Trunk of Can-Gross.

Keokuk &

Gross.

117,063

150,593

174,235

173,738
8,4-4
1,102,373
356,830
536 249
155,110
725,055
143,566
477,145
127,956
88,160

8,0 15

Lake Erie

ic

Milwaukee

We.stern. Gross.
Net...

& North

.Gross.
Net...
Gross.
Minn.tb St. Louis
Net...
Gross.
New Brunswick
Net...
Gulf Gross.
New Orleans &

Net

..

St. L.&San

Francisco Gross.
Net...
Shenandoah Valley. .Gr>88.

555

def. 3.-.'08

Net...

83,«33
103,867
32.817
120.474
37.8 II

7^,794
9,185

def.

981

1,357,373

501,803
61 ',207
162,915
711,854
136,754
51?,453
150,515
92,662

454,880 3,033,587 2,075,713
176.114 1,301,7 '6 1,155,924
480,665
458,398
71 512
87,794
20,813 det. 5,419 def. 46,' 25 def. 6,155

50'',577
244,'<04

Sonthem PaciHc RR.—
Northern Division Gross.
N.-t...

Southern Division Gr

•cs.

Net...

Arizona Division.

New Mexico
&

(Jro^s.

Net..
Div...firo a.
Net...

Gross.
Net...
Tol.itO Cent.E\-ten.. Gross.
TjI. Col.

Cin

Net...

ToL Peoria & West.. .Gross.
Net...

206,9^9 1,182,465 1.095,831
468,576
410.423
107,191
512.143 3,437.564 3,900,602
961.333
915,429
18.5,867
60,708
128,176 149,572 1,064,913 1,235,670
2-0.653
289,137
41.369
4,322
.=.9.748
600,587
69,5-7
551.439
189.001
161,7 3
23.530der.l7,2t3
99,335
21,310
17,137
133,377
11,436
6,547
48,012
74,337
8,970
7,921
19,972
3 ,147
4,464
3,645
475.060
69,232
62,240
496,569
78,827
113,034
10,000
4,781

234,203
102,220
527.201

Union Pacific—
Oregou .ShortLlne.G-oss.

317.062 222,094 1,780,233
862,600
172,301 102,208
199,403 185,103 1,112,510
Utah &
84,372
73,279
b9 ,246
N..t...
489,719
Den. 8. Pk. & Pao. .Gross. 102.497 109,059
Ni-t...
1,120
10.133 def. 8 s664
Oth. linesU. P. Sys.Gri.ss. 2,' 96.725 2,027,807 12.112,708
814.326 4,905,135
Net... 1,042,500
Total U.P. System.Gr. BS. 2,716,578 2,544.064 15.495.265
Net... 1,300,294 1,029,995 0.070,325
Oregon Ry.&N Co. Gro,.i. 570.959 5'.!8,"94 3,237,911
131,110 172,397
766,3o9
Net...
629,532
82,799
72,647
St. Jos.^ph & G. Isl. Gross.
10,377
177,744
N-t ..
22,237
Cent.Br.&Leas'dL.flross.
3^2,273
52,477
68,157
Net...
4,031
51,996
11,480
14, -.82
Gross.
12,972
Utah & Nevada
43,744
Net...
1,518
6,252
9,875
558
4,655
Ogden iSc Syracuse. Gross.
1,391
314
Net...
62
1,3 76
Gross.
59,462
403,605
Montana Union
71,547

1,397,370
608,788
1,113.45'
422,320

1

1,^05,762 1,232,137
Wabash (Cons. Syg.).GrofS. l,12-,302 1,013,137
~
.Net ..
333,684 2' 2,057
371,661 327,6'I6
Wisconsin Central. ..Gross.
Net...
140,429
97,009
t...

.4

ugtml.—

1889.

45,191
12,905,898
5.010 965
16,037,644
5.997.331
.S, 320.972
1,123,155

571,761

Net
Includes

..

Montana Union.

&

Includes Mississippi

154,267
29,117

15St,582

Bait. .Gross.
Net...

35,315

& Tennessee

522,374

lune 30.—
1888.

Koad.

Wash.

972,262
223,3d9

S
972,202
214,813

Division in 1880 but not la 1888.

ANNUAL REPORTS.
Na§livllle Chattanooga

fFor

the year ending

&

St. Louis.

June

30, 1889. y)

This company is one of the first to make its annual report
for the year ending June 30.
The report says: " The funded indebtedness is the same as
shown in the last annual report $13,307,000— the only change
being that during the year there were retired the following
bonds of the Duck River Valley Railroad Company, the payment of which this company assumed in the purchase of that
road, viz. First mortgage 8 per cent, $73,000; first mortgage 8
per cent, §73,000; second mortgage 6 per cent, $106,000; total,
There were issued in lieu $350,000 first consoiidated
§3.50,000.
mortgage 5 per cent bonds, which are owned and held imen
:

cumbered by
'
'

company.

this

By retiring these bonds are duction of $3,940 annual interest

made. This policy will be continued and tho old bonds retired as rapidly as they can be secured, and the consolidated
bonds issued in their place."
As stated in the report for the fiscal year endiag June 30,
1888, the bonded indebtedness of the company was then inis

creased $3,107,000 or, deducting the Duck River Valley Railroad bond, the issue of new bonds in that fiscal year amounted
to $3,788,000. The proceeds of these are represented by expenditures of $3,711,989 for 76 miles o( new branches, for new equip;

ment and

for other large

improvements to the property.
compiled for the Chuonicle in

Tlie statistics for four years,

the usual form, are as follows:

EAHNWCS

XyrO EXPENSES.
1385-86.
1886-37

P,-,-ight
tfail, express,

rents.

Ac.

Total gross earnings
Total operating expenses.

Net earnings.

$
725,961
601,820
1,429,468 1,894.715
153,572
153, 8il

2.10J.o.n6

153,374

1883 89.
$
809,627
2,277,119
213,418

2.188,109
1,322,858

2,774,243
1,578.611

3,091,653
1,770,249

3.300,165
1,931,444

865,251

Earnings—
Pissenger

1,195,637

1.321,404

1,343,721

1897-83.

$
834,823

.

1888.

818,030
289,327
1

732,"43
246,600

1885-86.

1886-87.

1887-83.

1888-89.

865,251

1,195,637
13,445

1,321,404

1.318,721

—

865,251

1,209,032

1,321.401

1,348,721

& taxes.

675,096

709,334
266.741
4
119.480

760,831
206,741
4
145.015

861,690
333,426

720,317 1,096,055
144,934
113,027

1,172 590

1,261,025

118 314

84,69S

Vtt IteeeipU—
earnlugs...

ffet

iliacellaueouB receipts...

7,016,237
6,829,814
1,407,370
2, 144, '82
O: 9,9 11
.—July 1 to
1839.

Total Income
Ditbtirsements
Interest

on debt

dividends

-

Rate per rent
Improvements

45,221

Total disbursements.
Balance, surplus

159,8:i4

liliNKRAL liAI.ANCE .lUNE 30.
1886-7.
1885-0.

486,660
del.lOi

42,353
18,259
3,908
2,410

444,710

7,317,165
6,503,518
1,094,517
2,011,909

Aug. 31.—
Is 88.

*

Rnarl.

1889.

62<>,416
def.

97,331
Ner... def. .< ,79 8
14. 133 dff.94,367
240,503
3^,199
219,053
32,287
>jr'de jointly osrn'd'.Gross.
10,H30
def.:i,541
Not.
1.091 di'f.bl, 33
.Gloss. 3,171,073 3.264,690 20,012,4 12 20,703,801
Grand Total

Elchm'diDanv.Sys.i.ro.ss.

,—Ju'i. 1 to

INCOME ACCOUNT.

Net...
Northern. .Gv.ss.

N

841,690
-June.'
1889.
1888.

—

67

10,'*76

209,fi2t

.

perm, expend...

less

£
2,021,345
565,628

19.699
5,325

def.

Net

t

£

21.688
1,658
179.289
65.468
90,632
24,973
109.634
35,993
75.609
19,289
9,267

.

.

Cin.

85.684
632,186

445,716

,

1,067,427
2 "7.207
119.128
1,419.050
406,121

2,1

1889.
1888.
f
s
,583,103 10,809,651 10,183,220
746,297 3,548,^68 3.537,570
14,7^5,213 14,296,6»S
4,828, J58 4,989,493
372,342 3,167,813 2,9S9,.538
516,818
60,739
297,175
4,«7',085 4,292,160

135,«43
Net...
1 Gross.
795,«34
575,191
11 months ....(Net...
Gro.ss. 2,106,317 1,955,450 13,97-.4'.7 13,172,753
Total Systt-m
Net...
809,792 807,030 4,065 686 3,334,745
19.196,298 13, 83,808
Oct. 1 to Aug. 3I,>GiMS8.
5,621,692 5,564,984
11 months .... jNit...
247,397
204.290
30,016
2 =,025
VaUey.Gross.
C. Fear& Yad
109.405
13,550
91,434
Net...
13,558
145,203
121,360
A pril 1 to Aug. 31 ) Gross
Net...
57,941
48,597
5 months
S
323,287
40,401
40,221
351,974
D^^t.Bay City & Alp Gross.
166,034
121,330
Not...
16,051
9,300
Gross. 1,177,334 1,016.390 8.'i4"i,633 7,356,336
Illinois Central;
.Vet...
431,064 266,025 3,235,090 2.181,567
Netl's» perm, expend .. 423,884 257,347 3.111,050 2.'i97,774
2,23-1,3^3 1,904,762
Ju y 1 to Au^. 31, ; Gross.
867,890
541,378
(Net...
2 montlis
Oct. 1 to Ausf. 31,

277,706
23,979
3.112,188

$

Kanawha & Ohio

1

.

2,343

—Jnn.lto Aug. m.-H

ift

733,949

Net...
Gross.

»

iNet.
11 mouths
Weatof OhioRlver. Gross.

14.' i)3

1S773

6,084.300

Toledo PeoriaA Western
Total (85 roads)
Set Increase (7-91

18.718
21,331

18,110

Ban Atitonio & Ar. Pass..
Sau Frau. & No. Pac

Oit. 1 to AU2. 31,

3,025
3,24 <

.

1888.

1889.
Rnarin.
B.&O. E. of Ohio Riv. Gross. 1,660,601

$
Ohio RlVBr

Augwil.

Decrease.

liicrewe.

1889.

1889.

'

371

1,50.5,623

1,370,541

532,2J0

ir>.t,072

Included In East Tenn. Va.

&

Ga.

$

Assets—

$

188"

5

60,903

1883-9.
:<:

SB

Ro;id and ej|"'l™cnt.... 17,094,376 17,512,015 19.073 122 :0.426,678
160,937
102, 891
69,421
75.758
AbshIs not aVtiil ib'e
Iiiv'tni'isih st'ks&bonds
Bills receivable

473,714

Heal estate
agents, &.C

67,h61
277,372
311,088

Due fro u

CasUbaUiuCLS

To

al

....

19,0117

63

609,,243

37,647
54,129

3.-.,067
54,,l-.:9

479,'

294 804

176 31

37.J,Vll

984,,3-26

18,324,830 18,823,520 21,610 ,096 21,928 ,823
Sf

hialiilUien.

Capital St. cit

,

debt
payable

Bonile<l
Mills

Bal'ce due In livld'ls,
liitcreso coupons....
Dlvideiiils
I'ay-roll,'*.

,

Ac

liit'stoubMshildby U.S.
Mij-cellaiieoiis
rrattle bolanios
I'ullt

and

Total

loss

1

135.808
32,267
54,129
140,070
478,933

,

6,668,362
9,200,000
28-,"47
.11,092

296.905
17,013
85,152
153,600
13,616
1,571,014

6,668.531

6 06-i 575

6.668 ,606

9,'.07,' 00 12, 307 ,000 12,307 ,00O
71, ,278
e04,4O2
16. 520
10, 460
10 525
61. .99
361, 112
S7I,,910
297,H.'30
100, 899
411
8<,4f^3
84,
123,'218
112, 8SO
97,124

884
1,80,1,147

2,057,901

56 ,943
2,239, 640

18,324,330 18,323,520 21.640,096 2 '.,92 3. 323

THE CHRONiCLK

372
Toledo

& Ohio

1885-6.

«^lKbt
&o..

JUall, exprets,

Totaleamlng8
4>F«r- cxp. and taxei

1S86-7.

1887-8.

lf8f-9.

$S4.G77
d77 3t;i
33,951

SamiHgt—

$97,032
793.7V! 5
70,650

$110,719
959.670
97,187

$123,093
834, 615
86.110

81.167,^76
806,749

$1,163,817
819,2^2

$360,827

$344,525

1887 8.
$360,827

1888-9.J

$697,989
.

573, '..'53

$288,804
INCOME ACCOnsT.

$124,736

Netearnings

1883-6
$124,736

»et earnings

X^86-7.

$288,804

Deduel—
Int<rrBton bonds

$150,000

Ao

7,692
15,t84

OUier

Interest,

Bentals
CbDsttuct'n and equip.
.Applied to car trusts

•$345,022

$150,000
16,070

$150,000
37.5.6

13,979
33,213
147,3C5

7,668
13,642

$360,827

$208,836
8ur.$136,186

'23.C67

$190,270
$173,376
Dr.$48,640 8ar.$98|334

Total
X>alanee
'

$130,000
4,936
12,217

Iscludlng other income.

GENERAL INVESTMENT NEWS.
( uiled Bonds.— Tlie following bonds have been called for
pavment
Chicago & Western Indiana.—Forty-five bonds, numbered

as

below-,

be redeemed Nov.

will

Messrs. Ih-exel,

Morgan

&

Co.,

New

1,

XUX.

new

Central Railway.

CFor the year ending June 30, 1889J
In advance of the pamphlet report, the Chronicle has boon
furnished with the statement of results for the late fiscal year,
-which are given in comparison with previous years as follows:
EABSISQl* ANU IXl'ENSM.
FsKengers

[Vol.

at 105, at the office of

York.

Nos. 3,198, 2.09.-', 1,747, 173, 2,521, 222, 360, 2,386,123,2,763,
2,342, 1.903, 1. 2,60P, 16:<, 1,321, 2,^96, 2,204, 2.093, 44P, 1,909,
361, 2,961, 1,934, 1,428.3,178, 1,7!'5, 3,132, 2,U0, 1 ,4:;0, 3.101, SuS,
291,2,946.1,693,2 491,2,117,368, 1,713, 3,033, 177, 1.408. 2,961,
2,684, 1,939.

This priority loan, however, being for so
priority loan.
limited an amount, on 815 miles of line, ought to command a
premium, and make the couiX)ns of assented bonds (wluch
can be converted into it as they mature) worth over par.

" The foregoing will assure to assenting bondholders cash
for their next three years' couiwns, or at tlieir option a security
that is likely to be worth ovtr par, and thenceforward the
prospect of punctiud i)ayment of their coujwns out of net
revenue till the bonds mature."
The statement submitted by President Stickney is an advance exhibit of the operations of the Chicago St. Paul
Kansas City Railway for the year ending June 30th, 1889.
The earnings, operating expenses and fixed charges were as
follows (the month of June being approximate):

—

&

188S-9.
$2,774, S88
2,039,237

1887-8.

Uin-eane.

$2,251,515
1,775,881

$.i'J3,372

$735,651

$175,634

$260,017

$74,292
234,005
833,100
72,000

$10,6 12

$33,649

595,725
24,000

237,379
48,000

$1,213,397

Gross earnings
Operatmg expenses

.$821,194

$389,207

Net earnings

Flxidchnrgtg—
Taxes estimated
RentftlB

Interest on bonds
iLterest on 3ye. motes

Total

-'63,153

7M78

16.'?,s26

" From the foregoing it will be observed that wliile the gross
earnings increased about 23 per cent and the net earnings
nearly 55 per cent, our fixed charges increased about 47 per
cent, owing to taking over for ojieration a large amoimt of
new road, the interest upon which was previously a charge to
cost of the propei-ty, being iiiterest during construction. And
for the same reason the total fixed charges for the next year will
be increased to the maxunum, so far as is now foreseen, viz.
(up to and including the first mortgage bonds)
Fur rental of teimlnala, tracks, equipment, &o
^'^i'^'iSS

Taxes (estimaied)
InU reot on first mortgage bonds
Total

"This

n?,''J;^
i)4i,uou

—

$1,269,489

sum, plus $73,000 (intere.-^t as above)—say,
substantially the amsunt which the company has

latter

Cliicaso St. Panl & Kansas City.— Messrs. Robert Benson $1,341,489, is
reasons already exCo., bankers, of London, have issued a circular to the provided the past year, although for the
being
bondholders, based on an advance statement of the annual plained a portion was chargeable to construction,
Tliis amoimt
report to June 30, 1889, which concludes what may be called interest paid on cost of railway not in operation.
in last year's
the period of construction of this railway. During that period over net earnings, together v.-ith the deficiency
important ada complete and indepei'dent system has been formed compris- operations and certain capital expenditures for
been proing 853 miles of line l815i| owned and 3~J£ leased), stretching ditions to the property during the last two years, has
from Chicago westerly to' the next great centres of tratiic vided as follows— about §600,000 in current bills, maturing
within the next six months and $3,282,600 in six per cent
northwest and southwest.
expected that
Messrs. Benson & Co say: " To close the construction period notes maturing January to March, 1891. It is
and settle outstanding engagements it is necessary to ask the current net earnings will cancel the maturing bills, and the
time has now come to settle the finance on a permanent
co-operation of the bondholders.
*
»
*
" The liabilities are as follows:
basis."
The f uU annual fixed charges up to the interest on the first
Taxes and rentals (which are practically irior to the ilrst
$3*28, 4?9
m<^lg!^ge^) r* (iiiirliig annually

&

Bills payabl-.

First

"600,000

about

mortgages per cent dollai ors'o llngbond!", $l?,821,lt)0,

nquiringai

nuiilly

«lx per oent notes

941,i"'50

t3,282,';00

Five per cent ii.come bonds 1036 (cOLvertible into pre'.
4,981,700
14,892,900

stock)

Common

8t<

ck

••'It is expected that current net <anineaw)ll extin).ulsh the bills
payable, leaving, however, no fund for the J. nuary inu rebt.
" t Subject to a mi'.joriiy of the first moi tgajre tmndboldiTS accepting
the followii g pioposal; holders of $2,602,600 of these noKs hi.ve
already agreed to cot vert them upon terma into 4 ptr cent general
moitgage 100 year bom's, subi rdluate to the first moitgagep, aud to
fund three y ea s' coupons thi reun.

" The objects for wliich the co-operation of the bondholders
is invited are
" (1) To assure to themselves interest punctually as due
every January and July.
" (2) To permit the formation of a reserve fund out of the
next three years' earnings, against such exceptional yeare as
1887-8, the effects of which on this company (which was
caught incomplete) exist in the form of a debit balance of
income account, after punctually paying all fixed charge=, of

about §800,000.
" To effectuate these objects, we have conferred with such
of the largest bondholders as v^ e have been able to reach, and
have decided to recommend the plan proposed in the President's letter, as follows
" To permit the next three years' coupons on the first mortgage bonds to be constituted a lien prior to the principal and
subsequent coupons, and to be deix)sited with trustees in London, who will issue thereagainst, at par, registered certificates, transferable by endorsement, in denominations of £50
or multii>les thereof, or bearer certificates of £50 each, with
coupons attached, for a Five per cent Sterling Priority
Loan,' interest payable half-yearly, 1st January and 1st July,
at the office of the trustees, in London, or of Messrs. Hope &
Co., Amsterdam, maturing January 1st, 1984, if not previously
redeemed on six montlis' notice at 105, the company binding
itself not to nay any interest on the income bonds or dividenils
on the stock before the said priority loan lie entirely paid olT,
and consequently the first mortgage bondholders have again
*ntered into their full rights. Temporary receipts will be
issued for fractions of £50, ujwn wljich interest will accrue
and will be paid when consolidated into amounts of at least
:

'

«.50.

' UiKin their assenting to this, in the form prescribed, we
ara 3)repnred to purchase at par, as they matme, on behalf of
><.'. X ,h es and others, fui-h of the next six coufwns
as assentsl*;^ l,ondholders may not themtelvos de.sire to convert into the

earnings tor tne past year

1

and at the same ratio of increase it w ould take the property
about two years to " catch up." But if we examine tlie figures
of the last six months of the fiscal year (January to June,
1889) it will be observed that the increase has been more rapid,

as §206,163 of the year's increase of .§260,017 has been made in
these montlis. If this ratio of increase can be kept up, as it is

thought

it

can

Cincinnati

be, eighteen

months would

suffice."

Wabash & Michigan.— Evausville & Terre

Haute.— controlling interest in the stock of the C. W. & M.
has been obtained by the parties controlling the E. & T. H.
Tlie road extends from Benton Harbor, on Lake Michigan,
south to AndeKon, Ind., 164 miles. It is proposed to extend
from Anderson to RushviUe, 32 miles, to meet
it south
the EvansviUe & Richmond. The counties along the proposed
A large traffic
line are being asked to aid in the enterprise.
in lumber and salt from the north and coal from the south it
is expected will result from this connection.

A

—

Cinciniiall Washington & Ballimore. It is aimounced that
under the reorganization plan tlie following securities have
been deposited:
or 97 per oent.
$5 683.000
1ft mortgage 4Hs
1st niortgngefis

1.085,000

2d mortgage bonds
3d niortgaie bonds
St inc. me bonds
2d inceiiie bonds

?,891,0(iO

2,201,000
3,058,000
3,846,OC0
3 05,008 shares
4H, '46 shares

Preferrid stock

—

or 100
or 95
or 100
or 85
or 92
or 80

"

"
"
"

"
"

or 80
"
or 100
"
$299,0(0
or !8
"
481,000
In pursuance of this plan of reorganization the road was
sold Sept. 19, and purchased by E. R. Bacon of the committee
for a nominal price of §5,000,000. The new secm-ities are now
being engraved. The plan was published in the Chronicle of

Comiutnstock
Scioto & Hockipg Valley
Prior lien bonds

July 20.
(jrand Tow<r

& Cape

(iira'rdean.— President Louis

Houck

states that this road will be completed and ready for ojieratiou by Oct. 1. The line extends from East Cape Girardeau,
111., northward to Grand Tower, 111., alx)ut twenty-five miles.
CarIt connects at the latter place with the Grand Tower
bondale, and provides rail connection to St. Louis for a considerable territory on Ijoth sides of the Jlississippi River, from
which the shortest route has hitherto been by boat. Railroad

&

Oazette.
Tills

road gives the

to St. Louis.

St.

Louis Arkansas & Texas another route

SlPTBMBER

21. 1889

THE CHRONICLE.

]

373

—

Loliigh Valley. The Philadelphia Press s&js: "We are in- day, they must pay interest from the 1st of October on delayed
formed that the Lel)igh Valley RR. Co. liave sold to Messrs. payments at the rate of 10 per cent per annum."
A resolution was passed authorizing the Directors from timeBrown Bros. & Co., of this city, a further amount of $3,000,000
of the Pa. & N. Y. CanaJ & Railroad Co., consolidated mort- to time to increase the stock under the recent legislative
gage registered bonds, due 19.39. These bonds are guaranteed, amendment in their own discretion.
principal and interest, by the Lehigh Valley RR. Co. This
Northern raclllc— A notice was published, addressed to
present issue of §3,000,000 will bear interest at the rate of 4 stockholders, by Mr. Villard and others, inviting them to
join
per cent, instead of .5 per cent, and is all the company can in voting for a plan which was outlined in the notice. This
issue prior to the maturity of the §3,000,000 7s outstanding, plan was changed and modified in some particulars by
the
one-half in 1896 and one-half in 1906."
directors at their meeting on Tliursday, ana its main features
for the distribution of the bonds are as follows
Loalsiana State Bonds. The press dispatches from New
" It is proposed that the consolidated mortgage shall provide
Orleans state that new developments in the State bond swindle
are coming to light. The defalcation previously discovered for the issue of bonds at less rates of interest than five per
amounted to about §386,000— §316,000 in bonds of the State cent, so that whenever the credit of the company and the
issued to the Seminary and Agricultural funds and can- condition of the money market will permit the favorable
celed by the State Constitution of 1879, and $70,000 interest on negotiation of bonds at the lower rates it may be done.
" For the reason and purposes explained, it is proposed, aff
the same paid since their cancellation without authority of
law. On the 19th further transactions were brought to light set forth in the accompanying circular, to create a consoliwhich add sometliing like §454,000 to the defalcation. The dated mortgage covering the entire Northern Pacific RailroadConvention of 1879 provided for a reduction of the interest and together with all its equipment and also the land grant, ani

—

allowed the holders of outstanding constitutional Ixjnds the
option of demanding in exchange for the bonds held by them
bonds of a new issue, authorized by this ordinance, to be
Issued at the rate of 75 cents on the dollar of bonds held, the
said new issue to bear interest at the rate of 4 per cent per
annum, payable semi-annually. The exchange was required
to be made through the State Tieasurer, and in accordance
with the ordinance the then Auditor, the Hon. Allen Jumel,
prepared new bonds to the amount of §671,000, and turned
them over to State Treasurer E. A. Burke.
The only exchanges made for these new bonds, so far as
known, amounted to §217,000, and there should consequently
remain in the keeping of the Treasurer §4.54,000 of the bonds
unissued and invalid until properly exchanged. But none of
these bonds are found in the State Treasury, and it is supposed
that the whole issue has been floated and has drifted into the
hands of innocent third parties. The investigation now in
progress may not be concluded for a week or ten days yet. Ik
IS oxjjccted to disclose the full amount of the frauds and perhaps the authorship thereof. Treasurer Burke is in England
and sails for home on Saturday,
LonlsTille & NashTille.— The Louisville & Nashville RR.
Co. has let contracts for forty-seven miles of road from Cumberland Gap to Princei?s Flat, Va., where connection is made
with the Norfolk & Western, giving a through line from
Louisville to Norfolk. There are four contractors, and the
line, it is said, will be open within a year.

Minneapolis St. Paul & Sanlt Ste. Marip.— At a meeting
of the stockholders of this railway, commonly called " The
Soo," held in Minneapolis, Mr. W. D. Washburn retired from
the presidency, and Mr. Thomas Lowry was elected in his stead.
The Board of Directors has been reduced from thirteen to
seven, and is now composed of Thomas Lowrv, R. B. Langdon, J. S. Pillsbuiv, W. D. Washburn, John Martin, H. E.
Fletcher and C. H. Pettit.

New

Torii New Haven & Hartford.— At New Haven, Sept.
a special meeting of the stockholders of the New York
Hartford Railroad Company was held. The
recommendation of the Directors that the capital stock be in16,

New Haven &

creased to §18,600.000 from the present amount of $15,550,000
was adopted. The Connecticut Legislature la-it winter authorized an eventual increase to §50,000,000, for the wiping out of
the funded and floating debt of the company, the making of
permanent additions and improvements to its property, and an
exchange for the shares of the capital stock and the obligations of any railroad company held by lease for a term as
long as fifty years.
President Charles P. Clark explained that the resolution of
the Legislature did not limit the company as to time in respect to the purchase or payment of its own funded or floating
debt, or in making additions and improvements to its property, but for the exchange for shares or obligations of its
leased lines action could only be taken during the present
century— that is, up to and during the year 1899. President

Clark added:
" Disregarding for the present the question of exchanging
the shares of our stock for the stocks and bonds of our leased
lines, upon which the policy of the company has not been
determined, it is probaVjle that for the purpose" of paying our
debt an immediate offer of our own stock at par to our own
shareholders will be made. The floating debt of the company
in the form of notes, which may be paid instantly, amounts
to substantially .§3.000,000, and the Directors propose to
authorize the immediate issue of one share of new stock to
tlie holder of five shares of present stock, upon the payment
of $100 per share. This will place in the company's treasury
$3,100,000 in cash with which to pay the.se notes. It is proposed to offer these shares to the stockholders of record at the
time of the dividend, which has been declared payable the
Ist day of October.
A.ssignments of rights to fractional
shares, when presented in multiples of five, will entitle the
person named thereon to take the new stock on payment of
$100 a share. The certificates of new stock will be issued the
Ist day of October.
The call for payment will be made for
the 1st day of October, but stockholders may have the whole
of that month not only in which to decide whether or not
they will take Iheir'allotment, but also in which to pay for it.
As this new stock will begin to participate in the January
dividend, which will presumably begin to accrue from that

:

and interest of the company in the existing
and tributary lines to be built under lease or
otherwise, and also the securities of said branch and tributary
lines now held by the company and hereafter to be acquiredf
all

the right,

branch

title

lines

to secure the issue of §160,000,000 of bonds having one hun
dred years to' run, and bearing interest not exceeding five pe
cent per annum, to be used as follows :
p
For the retirement of $77,430,000 outstanding flrst,

Becondand third mortgage bonds
For ibe retirement of the existing $26,000,000 branch
bonds
For additional branches at a rate per mile not over
$30,000
For enlarjrement of tenniuals and stations, additional
riiUi')^ stook, betterments and renewal-i, and other
expenditures not properly chargeable to operating
expenses
For premiums ou bonds exchanged, (thsse bonds, however, can only bo used for this purpose upon the
alHrmaiive vote for that purpose of at least nine
members of the B lard, and when in the opinion of
the rust e=, expressed iu writiug, a saving of iuter«st to the Cjmpany t an bo clTectea by such exohaoges
of bonds.)

$75,000,000
26,000,000«

£0,000,00a

20,f

".mS

lO.OOP.OOff

For general purposes

9,O00,COO

$160,000,000

This official plan was adopted by a unanimous vote of the,
directors.
It was explained that the reason
the amount
set apart for the redemption of the first, second and third

why

mortgages was over §6,000,000

less than that fixed in the Villard circular was that there are land notes sufficient to retire
the bonds of the Pend d'Orielle division in about three years,
and that the operation of the sinking fund and land operations
will suffice to retire the bonds of the Missouri River division
in about ten years. The address to stockholders says
" The Board also is of the opinion that the time has come to
make such provision that the company may take advantage
of its high credit to effect a reduction of fixed charges. There
is every reason to believe that the company will be able
to
borrow at a lower interest than it is now paying on its funded
debt as well as on its guaranteed bonds. The high premium
on all the bonds issued under all the three mortgages, and on
several of the issues of branch bonds, is conclusive evidence of
this.
need not say that every reduction in the rate of
interest wiU be a direct gain to the stockholders. It is deemed
quite feasible in time to effect an exchange of the proposed consoUdated mortgage bonds for the outstandingfirst,
second and
third
general mortgage bonds, on
terms that shall save a large item of interest and effect a
reduction of the amount paid for sinking funds. For it is well
known that investors prefer securities that are not liable to be
suddenly called in for redemption at a lower rate than the
market price.
do not wish to be understood, however,
that this can be accomplished immediately. As there can b«no compulsory redemption under the terms of the mortgages,
except by the operation of the sinking funds, it is certain to
take considerable time. As regards branch road Iwnds, it
seems possible to effect at once a considerable saving in fixed
charges by,the substitution of the proposed consolidated bonds.
" Meanwliile, however, by concurrent aci-Jon on the part of
the Oregon
Trans-Continental Company, §9,567.000 of the
branch road bonds, for the interest and sinking funds of which
the Northern Pacific Company is responsible, can be redeemed
at short notice, and bonds at a lower rate of interest and without sinking funds be substituted therefor.
"
feel assured, also, that the new bonds can soon be exchanged on favorable terms to the company for all the outstanding branch bonds that are or will be subject to call for
the sinking fimds. These in the aggregate amount to $7,478,000, involving the call of §74,780 per year, or, including the
amount payable into the sinking funds of the Oregon
TransContinental branch roads, the sum of §175,410. The sum of
$425,000 must be paid yearly for nine years, for equipment
for vehich the railroad company h s made contracts.
It willbe seen, therefore, that under the projxjsed plan at least the
sum of §600,410, equal to 1 6-10 per cent on the outstandingpreferred stock, can l)e made available yearly for division
among the preferred stockholders as soon as these financial arrangements can be made. It is also believed that the holders
of other branch bonds not liable to call to the amount of
§7,184,000 can be induced to exchange their Ixmds for the consoiidatad bonds, whereby a further annual saving of $71,240
for sinking funds will be made and interest reduced."
The following resolution was passed by the Board.
_
:

We

We

&

We

&

[Vou XLIX.
THE CHRONICLR
Jhe Hommtvcinl ij^imcs.
COMMERCIAL EPITOME.

374

otmi i^t-»

k"

sh.ll nrovidr

.-eeou.1 ».,.! third m..rtv'HKiK,

ucra Ilrt

with a

1

uc.e«»i»ii-

d iiul.ss
saidcouBolid .t.d boods sh 11 bo
tlio
ihe attirmaUve vote of at least nine luembeis ot

«.»

noil*

.

l8su.

f

ant"orir..ri.5
BOHid lit Directors."

says
Norfolk Southern.— A despatch from Norfolk, Va.,
Conmd >{. Jordan and Henry W. Ford, trustees under the
ER. Co., have filed a
first mortease of the Norfolk Southern
for the f oreclosm-e
bill in the Circuit Court of the United States
of the mortgage.
Stock
RIcbiiiond Terminal.— It was announced on the
that

Friday Niqht. Sept. 20, 1889.
The warm, sultry weather which succeeded the heavy rain
of last week has been followed by a cold wave, giving us a
seasonable temperature, which is a great impulse to business.
General trade is active, and the export demand is large for
nearly all the staples of agriculttu-e. In particular, the increased movement of the cotton crop is quickly absorbed.
Shipments of corn are active, and for wheat the export demand has improved. Still there are complaints heard in
many branches of domestic manufactures that profits are verysmall, and inqub-ies are in progress respecting means of reducThe comparative dearness of
ing the cost of production.

money, of which much is said on the Stock Exchange, does
Exchange this week that the Richmond Termmal Company not seem to be seriously felt in mercantile circles.
had issued §8,500,000 of new common stock. The new stock
Lard on the six)t, at the lower prices quoted last week, has
Tennessee Virginia &
is issued to acquire $2,000,000 of the East
\VuU shown rather more activity, and to-day there was a good busiGeorgia Railroad Company's first preferred stock. The
Richmond ness done at 6c. for prime city and 6-35,a 6-37i^c. for prime
Street Journal reports President Inman of the
"Negotiations for the purchase ot
Terminal as eaying
for
East Tennessee 1st preferred have been going on quietly
two montus. The stock is scattered all over, so that it
took time to negotiate. The holders wanted four shares for
\yith
one, brrt we finally agreed on 3>^ shares for one,
the next dividend included. I would like to have 10,000 or
15.000 shares more of the East Tennessee stock offered to us.
days.
It will be accepted on the same terms in the next 10
After that it will probably be ex a 4 or 5 per cent dividend.
*
«
The R. T. Co. will now hold $8,500,000 of E.
:

T 1st preferred, leaving §2,500,000 still outstanding. The
voting power of the E. T. rests with the 1st preferred for
about two yeai-s more, so that we are in no hurry to acquire
atlditional stock. I think it a good trade for the R. T. Co."
Toledo City Bonds.— new financial question has arisen in
the city of Toledo, O., involving the power of municipalities
to lx)rrow monev, and issue bonds therefor, for certain purposes. The facts, in brief, are as follows In the month of
January, 1889. the Legislature of the State of Ohio passed au
act entitled ' An Act to Authorize cities of the Thu-d Grade
of the First Class to Borrow Money and Issue Bonds therefor,
for the purpose of Procuring Territory and Eight of Way,
Sinking Wells for Natural Gas, Purchasing Wells and Natural
Gas Works, Purchasing and Laying Pipes, and supplying such
city with Natm-al Gas for public and private use and consumption."' The act applies to the city of Toledo only.
Under and pursuant to the terms of the act an election was
held April 1 and a majority voted in favor of bonding the
The amount of bonds authorized to be issued was
citv.
board of natural gas trustees has been organized
$750,000.
in the city, $75,000 of the bonds were marketed, gas territory
acquired 40 miles from the city, wells put down, and a quanThe sum realized from the sale of the
tity of gas obtained.
bonds has been exhausted in the work above mentioned, and
for the purpose of further carrying out the intentions of the
act the balance of the bonds, amounting to §675,000, are about
to be placed on the market.
The only use, it is alleged, to which natural gas can be
applied in Toledo is for fuel, and no intention is expressed of
applying it to any other use or pmpose. The problem is
whether the supplying of fuel is one of those uses tor which
the power of taxation may be exercised, and whether a
mimicipality can be emiwwered by the State to furnish fuel
at public expense ? Some parties interested in Toledo property residing in New York, Brooklyn and Chica;<o have
brought their suit in the United States Circuit Com-t, in Ohio,
against the City of Toledo, to test the matter, and this suit is
still i)ending.
The contentions of the respective parties in brief are, by the
city, that such matters are ruled simply by expedieucy, and
that when the Legislature of the State authorizes and the
citizens declare by their votes, that the supplying of any article which may be used by the people is expedient, their action is final.
The plaintiffs in the suit contend that the furnishing of fuel
is not within the province of a city government, and tlierefore is beyond the power of the State to authorize.
The principle involved becomes of general importance iu
defining the powers of taxation under new conditions, and as
affecting the validity of all issues of bonds made by naiuicipalities for the jiurpi se of supplying their people with fuel.
motion for a preliminary injunction to restrain thu city
from issuing the bonds was denied, which leaves the city free
to issue, but leaves the suit yet to be determined on its merits.

A

:

A

A

—A

first mortgage of tin's
Toledo Colunibns & Cincinnati.
railway comi)any to the Central Ti'ust Company of New Vork
has ln;en filed in Columbus, Ohio. It is dated July 1, 188S),
and secures §2,5(10,000 5 per cent 50 year gold bonds on all its
proi)erty and franchises now owned or hereafter to be acquired." It is signed by Stevenson Burke, President. The
reamble states that the company has §2.400,000 capital stock
I
subscribed and iKiid for, aud has a main line of railroad running from Toledo to Findlay, and is constructing its main
line to Kenton, and, by way of Mai-ysville, to Columbus.

Western, with refined for the Continent quoted at 6-35{g6-75c.
The speculation in lard for future delivery was without incident of importance tiU toward the close, when a demand to
cover contracts, growing out of the belief that values are on a
safe basis, gave an upward turn to prices.
DAILY CLOBUIQ PRICKS OF 1.AUD FtTTOEES.
Saturrt'y. MoruVy.Tuesd'y. Weiln'ait'y. Th^irnd'y.

Sept. delivery.... c. 6-30
Oct. delivery.. ..c.ti-30
Nov. delivery. ..c. 617
Dec. delivery. ..0. 615
Jan. .iBUvery... .0.615

6-30
6 30
6-18

6 15

616

6-30
6-28
6-18
6-15

615

6-31
6-27

6-31

6 18
6-13
6 14

6 18

629

Friday,

634
6-31
6-19

6-U

615

6-16

6-17

been more active, the sales to-day aggrej
gating 1,000 bbls., mostly short clear, and prices are firm;
mess, §11 75(i!§12 for uninspected and §12 25 for inspected;
exti-a prime, $10@$10 25, and clear backs §11 50ia§18 per bbl.
Cut meats are without decided change, and the sales to-day
included pickled bellies, 12 lbs. average, at 26?4^c. Quoted:
Pickled bellies, 6(37 JijC, according to weight; piokled hams,

Pork has

latterly

103^ n lOijC, and pickled shoulders, 4,i^c.; smoked haras, IH^
Beef is dull and
(ttili^c; smoked shoulders, 5ia5i^o.
nominal; extra mess §7i.. §7 50 and packet §7 25 §8 per bbl.
India mess, §12 50(«! §14 per tee. Beef hams are dull at §15®
§15 25 per bbl. Tallow declined to 4%c.. at which the market
(The price given last week, 3^c., was a miscloses steady.
print.) Stearine is quoted at 7ia 7J^c. for Western and city,
and oleomargarine 53^'U 6c. Butter is again firmer at 17 q24<;.
for creamery. Cheese is quieter, but steady, at 73^iu9}.^c. for
State factory.
Coffee on the spot has been only moderately active. Yesterday a good business was done at 17%c. for No. 6 Rio and
22}.2C. for interior Java, but the close is quiet, though fair cargoes of Eio are still quoted at XWj^^c. The speculation in Eio
options has been sluggish. Both parties await definite adThe fluctuations were within comparatively narrow
vices.
limits, and to-day there was a slight decUpe, closing irregular,
with sellers as follows
15 7.'ic. MHreh
15'e5c. Di-cember
15 80o
Sell ember
15 T5c. AitU
15-iiCc.
October. ... 15'81'c. January
••

:

i

Febiiiary
lo'SOc. May
15'7.5c.
lo-80c.
November
Eaw sugars have ruled quiet; holders were very firm, seemingly imwilling to meet t'le demand, except at higher prices.
Centrifugal, 96 deg. test, is quoted at 61.^0., and fair refining
Cuba o%(a5Jsc. Refined sugars in fair demand at full prices.
Molasses quiet and nominal. The tea sale on Wednesday went
off at steady prices, except for Foraio.sas, wliich were bai-ely
I

steady.

Kentucky tobacco is rather firmer, but the sales for the
week are only 300 hhds. of which 200 hhds. were for export.
The movement in seed leaf is a>:ain on a liberal scale, the sales
for the week aggregating 4,511 cases as follows: 8.50 cases 1888
,

crop.

New England

Havana, 15

30c.

;

600 cases 1888 crop,

Pennsylvania Havana, lb(il8c.; 900 cases 1888 crop, Wiscon-

Havana, lOia 13c. 550 cases 1888 crop, Ohio, 8cnllc.; 200
cases 1888 crop, Zimmers Spanish, 15 17c.; 461 cases 1888
crop, Dutch, 9iull^3C. 500 cases 1888 crop. State ^lavana,
12 i4c. 200 cases 1888 crop, Pennsylvania seed leaf, 8 a 10c.
and 250 cases sundries, oi,^«,v30c.; also 1,000 bales Havana,
72c. {a§l 15, and 450 bales iiumatra, §1 35 §2 25.
Spirits turpentine declined, but was active, and is again
dearer at 483^((*49c. Eosius were quiet and steady at $1®
Eefined petroleum for
|1 05 for common to good strained.
export is unclianged at 7'20c. crude certificates are slightly
dearer at §l((i§l OOig. Wool is steadier, but hops are dull.
On the Metal Excliange, Straits tin was somewhat depressed
in the closing dealings of to-day, selling at 'il-iac. on tlie spot
and 20-15c. for November. Ingot copper is dull but firm.
Lake being quoted at He. on the spot. Lead has lieen a little
unsettled, but closes steadier, though nominal, at 4c. for domestic. Tlie interior iron markets are generally firm, and
steel rails are quoted at §29 50 ii§30 at mill: this is an advance,
but trade is not active, and the offerings are freer at the close.

sin

;

;

•!

;

./

;

September

THE CHRONICLE

21, 1889.]

»75

COTTON.

In addition to above exports, oar telegrams to-night also give
us the following amounts of cotton on shiplmard, not cleared,
Friday. P. M., September 20, 1889.
at the ports nained. We add similar figures for New York,
indicated by our teleprains which are prepared for our special use by Messrs. Carey, Yale db
The Movkment of thr Crop,
from tlie Soutli to-night, is given below. For the week ending Lambert, 24 Beaver Street.
total receipts have readied 13(5, 3-18 bales,
tliis evening the
0)1 Shipboard, not cleared—for
against 92,994 bales last week and .'57,4.'52 bales the previous
Leaetno
Sept. 20, at—
week; making the total receipts since the 1st of Sept., 1889,
Qreat
Oita-tOthtr
Stock.

m

2H0,9Gfi bales, against

1888,

Beeeipli al—

Hon.

Sal.

of

Thurs.

New

75

l,085l

560

631

941

6,309

6,309

6,472

6,350

6,919
2,718
2,580
13

2,850

8,477

2,238

1,809

2,051
1,125

775

Other ports

6,1S3

1,149

824

579

2,196

1,053
79

2,820

2

45

788

Wasb'gton, &c
Norfolk

123

West Point...

435

816

N'wi)'t N's.&c.

Total 1889.

41,142

Total 1888...
Tota l 1887. ..I

2,718
15,005
13

None.
None.

17.203
None.
11,100

24.935!
58.682

:

6,835

!

."i.oOO

lOAitO
3,195
4,377
24,22S
i3.35r

j

21,«<KI

((,400
5.(<43

None.
None.

27.329
2,000
10.850
5,000

27,862

19,243

98,082

84,278

".527
43.751

13,448
17,099

48.428
122,580

1.^0,319

,.5O0

1

890
15,723
B,01»

I

518

1

3,049

'

17 6,509

The speculation in cotton for future delivery at this market
4,5.54
opened the week under review with a moderate degree of act14 ivity, and prices made a slow but steady advance. The
most
4,914
potent influence toward the betterment of values appeared to
e.S.'JO
216 be the exceedingly small stocks here and in all American
markets, and the slow accumulation, notwithstanding the

New York
Boston
Baltimore

rapidly increasing movement of the new crop. These things
made the "shorts" uneasy and gradually brought them

2

PUlladelpli'a,&o

,

ToUil.

37,4i!l

641
11
919
741
216

798

42'

Wilmington

\

New York

.1

Cliarloston
Port Eoj-al.&c

]

Norfolk.

».,„

,1

. .

Galveston

4,453: 28,493

4,037

11,625; 5.000
S09
None.
None.
None.
1,200
None.
4,400
5,800
500
8,900
13,417
110: 7,953
500 None. None.
4,600
1,150
5.100
4.000
None.
1,000

witr.

,

. .

Savannah

29,706

2,991

5,398

4,902

Florida
Savannali
Brunsw'l?, &c.

4,547

9,126
1,907

2,488
1,059

Mobile

6,260

5,257

75

El Pivso, Ac...
New Orleans...

2,896

8,814

2,902

Galveston

Orleans...!

Mobile
Charleston

Total.

Fri.

France. Foreign

Britain.

1889, of 106,434 bales.

1,

Wed.

TiieK.

same period

the

174,533 bales for

showing an increase since Sept.

144

97

Another "bull" influbuyers to cover contracts.
was the upward tendency of Liverpool, in the
For comparison we give the following table showing the week's face of further "short-time" manifestoes from Lancashire^
total receipts, the total since September 1, 1889, and the stock
On Thursday our futures declined 4 to 7 paints under sales to
to-night, compared with last year.
realize, prompted by the hesitating tone of Liverpool reports.
Stick.
1888.
1889.
To-tlay there was an early decline of a few points, but the
BeceipU to
gtiiee Sep.
ThU Since Sep.
This
" bears " rather oversold the market, and in the last hour a
Stpl. 20.
1889.
1888.
Wetk.
Week.
1, 1889.
1, 1888.
demand to cover contracts caused an advance, which closed
24.917 the market somewhat better than yesterday, and firm. Cotton
77,792 2!-.,560
54,396
40,686
Galveston
29,706
198
75
El raso,&o.
on the spot met with a better demand for home consumption,
51,871 20,158
33,693
25,276
28,651
New Orleans. 28,493
with the loading of the cteamers of the 18th the export de14,139
5,128
3,195
4,785 but
Mobile
6,183
9,209
mand fell off. Prices, however, were fully maintained until
732
782
Floritla
81,477 24,996
27,147 Wednesday, when theri was a decline of l-lOo., with the high
55,385
45,828
Savannah. .. 37,461
2,868
2,718
105
732
Bruns.,&c.
grades more plenty, and to-day there was a reduction of an27,037
8,016
Charleston .. 15,005
6,990
14,173
15,477
other sixteenth, middling uplands closing at 11 '^40.
15
13
28
P. Royal, Ac
The total sales for forward delivery for the week are 3.59,900
5,892
2,278
4,554
3,973
4,494
WilmiufTton
2,061
For immediate delivery the total sales foot up this week
bales.
14
14
Wash'tn,&c
34
57
3,201 3,.597 bales, including 438 for export, 3,164 for consumption,
5,592
Norfolk
4,914
5,690
2,890
2,86.3
13,489
516
732
West Point.
6,850
bales
in transit. Of the above
for speculation, and
394
NwptN.,&o
216
92
130
were to arrive. Tlie following are the oflicial quotations for
in as

Totals tills week 15,186 27,829 26,434 19,001! 22,282' 25,616 136,34 8

ence

.

.

.

—

New

..

Baltimore.

.

York.
Boston
Phil'del'a,

2
181

144

Ac

280,966

136.348

Totals

515

438

5
2

4

80

89.677

95,953
2.500
1,115
3.559

26,572
2,000
1,926
2,599

each day of the past week

may be made with other years,
give below the totals at leading ports for six seas ons.
In order tbat comparison

— Sept.

UPLANDS.

Mat.
^Ib.i 8=8
9'i«

Orilmarv
Strict Oidinarv

198.747

179,360

174,532

Good

Good Ordinary

1889.

1886.

1887.

1888.

.Middlins

Good
GaIv'8ton,&c
New Orleans
Mobile

Savannah.

..

Charl'st'n.A-c

Wilm');t'u,&c[

Norfolk

W't Point, &c
All others

Tot.thiswcek
Sinc e Sept.

1

1,279

136,348
!

27,630
17,661

608

33,148
37,821
5,512
46,799
27,203
12,344
12,368
10,346
2,1.09

3,758|
31,979j
15,8541
3,012*

3,;!18

7,936
7,418
1,203

125

2 090
2'*"'"

118,103

106,6011 114.873

2ao,966' 174,532! 414,737i 232, 860! 275,465! 25 0,925

Tlie exports for the week ending this evening reach a total
of 42,03;^ bales, of vvhich 21,392 were to Great Britain, 13,1)45
to France and 7,586 to the rest of the Continent. Below are
the exports for the week, and since September 1, 1889,

Wuk

Ending Styt
EseporUd to—

Exporte
Oreat

from—

Brit'n. France

—

Qalveston.

Mew

Continent.

43™

lYom

2U.

Sept.

7.276

18S8. to SetJt SO, 1880

Exported to—
Total

Week.

Qreat
Britain. France

4.S0«

B.«00

478

8.65S

16.759

3,880

900

Orleans..

1,

8.850

4.300
7,279

Conti.
nent.
1:3
47a

Charlestun

. . .

GULF.

3,650

23,511

,

New York

Middling

117,a

;n=8

4

Baltimore

1,463

1.104

PhllaUelp'a.ic

»,7I7

69
681

60S
800

18,570
4,780
1,785

SCO

42,085
6,510
3.155
800

8,700

6,685
161
l.asii

t2.429
6,671
3.441

STAINED.

1

»

Ib.l

ei^ie
i)^

Tli.
S

FrI.

|

.iia

8Ji

9^ L°:'»

\

113b

ill^a
'}l'l«
1I2 i„
;12-,g

JJ^

8%
8%
9% ,9%
I

1

8%
9%

\V{\

13%

87,e
9'i«

I

lOV

Middling

lO's

and future

1

'

iJSi'lB
'

13'ic

FrI.

Til.

8%

8',g
»'i6

10

1013,8 101»,«

lO-'s

12I4

125, g

Wed

raonlTneB

Stkt.

|11»i«

JJ?'« 112
121,6

'lOhe ;10>ig 'lOli, 10

Low Middling

9
915,»..

10%

SALES.

deliveries each

day during the

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.

week are indicated

gi'OT

MARKET

Bat. .'steady

SALES OF SPOT AND TRANSIT.
Con- .S)ief-,Tran-, _ , ,
tump.\uVVn\ iU. ^o'"''
port.
Ex-

433

Wed. UuU
Thiir.
Fri...

at 1,6 300.

Steady
Steady at ijedec

I3.W5

7,!St«

42.023

80,817

IS.iWI

12.,18I

103,519

a;icni

V.S't

«n.-Jft".

fil.TTH

67.-?

17

\x;7i

24.427

in-."15

433

,,
*"'**•
„

I

1

Titos. Quiet

Total!
...

121, « 1121,, lia
12»2 ,1213 1127i»
1310 13% ;13li«

1213,0 121316 12i>i*12?i
137,8 13'i« 13Tig 13%

Middling Fair
Fair

GoodOrdinary
etnct Good Ordinary

11=8

12%
12%

12%
12%

819
314
«IZ
365
565
499

1,252

....
.

1

....

!

.100

2l,3S)i

Total

11%

H13,elll:<,«

0';,«

ir,B

ll-ig

-U's

12%
12%

Mou. Firm
11. .390

ll>n

ll'ialll'u ll^t

lOU 10^4 HO'v !l0'i« ,10%
10M„ 10n„ 10U„ 10»b (lO^ 10»„
lli,g 112,g H.i„ 111^
11% njie

Sood Middling
Btnct Good Middling.

8,650

3,585

8,585

.

9%
105,^

llOiSjg

imi Hi's

S^e

'•

West Point.
Nwpt Nw». 4c.

lusa

:

916,4.

11038
llO^s

on Tumi Wed

8^3
9»,g

95, g

CLOSED.

Norfolk

1I,

••

1

MARKET AND
10329

.„

lO^a
lO^a

8»2

9
9i5,gl

1014

St"«t Good Ordinary
Low Middling

Wnmlnnton...

Ti,t

S'b

GoodOrdinary

Tlie total sales

8-ia

10

10

Hat.

fib.

Ordinary
Strict Ordinary

Strict Low
iVtiddling

O'lg

I

Prl.

!

4,8113

4.603

—

Braiiflwick

Fair

I

i

8=8
9'ig

.

I

Total.

Mobile

BaTMnnHh

Good Middling
Middling Fair

I

3,619

Jliddllnj?.

Strict

33,223
21,357
4,161
10,750

19,929j
4,657'

4,525'

89,6771 187,740,

25,163
11,776

19.498
14,826
4,781
34,625

2,057

25,560
20.158
5,128
24,996
6,990
2,095
2,863

29,781
28,493
6,183
37,461
15,018
4,568
4,914
7,036
2,864

8^

107,6 '10T,« lO'jg
lOH-iellOi-Ue IOI'ib
'li:<.fllll'« 11',b
113« 111%
11%
11 '8
11%
ll's
,12i8 !l2i8
12^8
'l2'ie 1'- ia 12'
!l S',>
13'iB 13^1.

Low Midrtlint,'
Low Middling

1884.

1885.

Wed; Tb.

.TIonlTaea

I

110

Strict

Reeeiple at-

14 to Sept. 20.

!

Ordinar.v

btrict

we

—

—

8,104'

1

....!

314
612
365
555
1»>9

erie*.

!

22.400
52,100
70,600
81.400
73.300
57,100

3.597,359,900

The daily deliveries given above arc actually delivered tl»e
previous to that on whicli they are reported.

.»•
.-»•
..«•
.--....
....

day

IHE tHROmCLE.

-376

XUX.

[Vol.

foUow- figures for to-night (Sept. 30), we add the item of exports from
Salbs and Pwces of Futuebs are shown by the
the United States, including in it the exports of Friday only.
1887.
1886.
1888.
1889.
-ing comprehensive table:
'

Jhe

bales

4aO,000
23,000

232,000
12,000

411,000
36,000

333.000
21,000

Total Great Britain stock.
Stock at nambm-K
etwk at Brenien
ll^k a AraHtlrdam
Stock at Rotterdam
Stock at Antwerp

443,000

244,000

447,000
4,600
46,000
22,000
200

3o4,000
1,500
26,300
18,000

900

Stock at Liverpool
Stock at London

StockatUavre

Sock

2,.i00

16 800
4,000

300
800

300

300

15.000
59,000
5,000
31,000
6,000
2,000

73,000
2,000
32,000
6,000
7 ,000

165,000
2,000
26,000
5,000
14,000

1,100
110,000
6.000
40.000
16,000
16.000

"145,600

146,900

285,700

235,200

588,600
45.000
76.000
6,000
179,360
19,083

390,900
55.000
74,000
10,000
198,747
24,219
8,316

732,700
116,000
88,000
30,000
299,139
65,206
14,495

589,200
83,000
55,000
5,000
262,728
43,600
10,769

...:

.

.5,000

IH.fOO
5.000

at Marseilles

Stock at Barcelona

BtockatGcnoa
Stock at Trieste
Total Continental stocks

Total European stocks.. ..
India cotton afloat for Europe.

Amcr.cotfnafloatforEurope.
EKyi>t,Brazil.Ac.,atlttorE'r'pe
Stoclf in United States ports..
BtockinU. P. interior towns..
United States exports to-day.

4,911

91S,954 761,182 1,345,.540 1,019.297
Total visiWc supply
Of tlie above, tlie totals of American and other desicriptlons arc as follows:

American-

_
.
.
bales
Liverpool stock
Continental stocks
for Europe. .
Amej lean afloat
United States stock
United States interior stocks.
United States exports to-day.

220,000
76,000
76,000
179,360
19,083
4,911

Total American
Hast Indian, Brazil, dc—
Liverpool stock
London stock
Continental .stocks
India afloat for Europe
Total East India,
Total American

491,282

765,840

684.097

116,000
12,000
76,900
55.000
10,000

234,000
36,000
163,700
116,000
30,000

153,000
21,000
103,200
83,000
5,000

343,600
575,354

269,900
491,282

579,700
765,840

365,200
684,097

918,954

Total visible supply
Price Mid. Upl., Liverpool
Price M5d. Upl., New York...

180,000
132,000
55,000
262,728
43,600
10,769

200,000
23,000
69,600
45,000
6,000

&c

177,000
122.000
88,000
299,139
65,200
14.495

575,354

Egyirt, Brazil, &c., afloat

116,000
70,000
74,000
198,747
24,219
8,316

761,182 1,345,540 1,049,297

6%d.

lO^uC.
imports into Continental ports this

The

5%d

5''j.d.

516;, d.

III4C.

9%c.

9iiicC.

week have been

5,000 bales.

The above figures indicate an increase in the cotton in sight
to-night of 157,772 bales as compared with the same date
of 1888, a decrease of 426,596 bales as compared with the
corresponding date of 1887 and a decrease of 130,343 bales as
compared with 1886.
At the Interior Towns the movement that is the receipts
for the week, and since September 1, the shipments for the
week, and the stocks to-night, and the same items for the

—

corresponding period of 1888
following statement.

—

out

set

is

the

detail in

in

'

"1 -i

C-

C P

S3

Q

H
o

o
^: of

.?«- ? Cpfc-'^iPa. .S". ,£"2?=-

09
E:

COM
V-

P

X

03

P

<

•

PP

•

CC

o H* M

CO to

©

c:
w cji"Voo; b»cc w k tc a a w c;
O W * CC X c: *O ^ O Oi W W 4^
wc:h-0JX^-aww*J*-»-<i*^a'GcwO'X'

osoi

to"*'-

T-'tc 10

CWW^MGOO
l-'tDH-rf*tgWW

<iVrf*-

(->

tf^ (-' tJ'

rfi»

o

ct'I-'

§3
§1

M w X CD c'.'b w bc^t

i-i-tfi.<J#-G00:C:<WCi*s]C>-WWK.':0WO

rfi.h-if^woiQt):o->i-^wo'Wc;'0<j<ioiWQC

u

5^55-

C M O W M K-

s-Ss.

rf^

HJ3«

H_M

tCWWWCi*-'

©OiW
c;"

10
H* eo -J

O'TD CO

WMW

Mc

a'rf».»^ct^i03t^torf»-^0'»<iwwo:wc.;o

t:MXOi'''MM05«OaWfc0^tOM03C;iO:tO

MM

wcncowyiK)
W MtO
aVlMWOiOlOiODOCO K to "oVl CO wm"*.
©COXC.-'^CCOCOCOCiOCSCOMXM^lM^^

MODOioo©<itoeD!Ctotocc<ix<JOcoa<i

E?° We have

Included in the above table, and shall continue each
-week to give, the average price of futures each day for each month, It
vlU be fonnil unijer caoh day following the abbreviation Aver." The
average for each month for the week is also given at bottom of table.
Transferable Orders— Saturday, 10-75c.; Monday, lO'Soc; Tuesdav,
10-95C.; Wednesday, ll'OSc; Thursday, 11 -OOc; Friday, llOOc.

The following exchanges have been made during the week

•

-20 pd to exeh. 500 Mch. for Octi
•46 pd. to exch. 200 Oct. for Sept.
03 pU. to exch. 500 Dec. for Jan.
-M f* 'r exch. 100 Oct. for Sept.

pd.
pd.
pd.
pd.

500 Nov. for July.
300 May for Oct.
to exch. 200 Dec. for Jan.
to e.xch. 100 Deo. for Jan.
to exch.
to exch.

*-IOMM

tf-^*

!0

MWOCOXtOCO

rf*.CMGcc;'crococ;»MC;>ocj»Ck'-MCOcocD

CiC005<IO^tOW(X*'WOMCOXMlO^^
CCM
MMCDtOOytbOl
rfh-ocn

l*^MCOMMM

.'to
fco

M
c

otcn

mco

tocoow m

tCK'C0-3^]CCQ0Ct"!0;

i^oitt'Coo-.Q

OiC;'rf».fc3C:QD<JO

s »

tf.a<cnoocOMri^c:^- K^-^toihtz^^Kp
* 1888 figures are for Palestine,
t 1888 figures are for Petersburg, Va
The figures for Louisville in both years are " net."
t
The above totals show that the old interior stocks have
iP-M^ffltc;'0:-

^

Supply of Cotton to-ni^ht, as made up by cable increased during the week 3,939 bales, and are to-night 5,186
The Contmental stocks, as well as bales le^s than at the same period last year. The receipts at
the afloat are this week's returns, the same towns have been 18,511 bales more than the same
and consequently all the European figures are brought down week last year, and since Sept. 1 the receipts at all the towns
to Thursday evening. But to make the totals the complete are 48,705 bales more than for the same time in 1888.
^S^^
l'"

isiBLE

and tek P'aph, is as follows.
thoMfTf CJreat Britain and
.

•32
•13
•01
•01

>«

September

THE CHRONICLE.

21, 1869.)

Quotations fob Middling Cotton at Other Markets.—
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week:
CLO81N0 QCOTATIONS FOR MIDDt-INO COTTOH

Week ttulino
8epl.

20.

Satur.

Mon.

Galveston...
New Orleans

1013
107,«

Mobile

10%
lOU
10%

ID'S
10>a

•Savannah...
Charleston.
.

Wilmington.

1039
10=9

Norfolk
Boston

11%

BaltiiMore...

Phila.hlphia
Auffusta ....
Meiu])hls ...
St. Louis
Ciuciuuatl ..
Louisville.

101.J

*Vf.

lOSja
lOll g

1011,,

10%

10»,fl

10%
IOI4

10%
10%
10%

lOi^i

10%
10%

lOUje

ion,,

10%
lOH
10%
10%
10%

1014
lO'iflS'a
107,8
IO'b

11%
11%

11%&13 11%«13
11%
11%
11%
11%

11%
11%

ll%if%
11%
11%

n%»%

I019
IQia

lO^sniSi*
lOks

10<16
109i6

U%»%

10«8
11
11

..

.

10'4

105,«a%

Thurt.

WH

10%

ON—

Wednet.

Tue».

107,„
10>4
lO'i,
107,8
1078

10%

11
11

11

11

11

11

10%

10147/%

10%
10%

10%
10%

11
11

10%

10>4

11
11

Receipts From the Plantations.— The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
Week
Ending-

RtceivU at the Portt. SVk at Interior Towrut. ItK'vtt from Plan
1887.

AUK.16
'
"

•

1887.

1888.

9,64!.

.

Sept. 8

"

1889.

19,440

1,406

22,981

16,814

19,270

23

30.

1888.

IN.Sl-

6,S3JJ

23.258

15,991

39,309
85.437

23,630
39, 104

27,709

83,793

15,153

57,452

34,754

17,82ii

92,961

53,512

21,291

S2,55«

80 508

13....

126,04

45,691

20

187.740

89,677 138.84

1889.

7.390
7,80;

1887.

1888.

8,688
19,3i0

1S,3"8

'tis.

1889.

948

18,264
6.349
22.^03 29,S' t
17,76;
41,837 66.492
23.022 143,799 49,t6« 9,'',249
86,5 9 217,782 10»,S9I 180,856
8,727

39,846
96,398

The above statement shows: 1.—That the

total receipts from
the plantations since September 1 1889, are 295,051 bales: in
1888 were 195,665 bales; in 1887 were 473,461 bales.
2.
That, although the receipts at the outports the past week
were 136,348 bales, the actual movement from plantations was
139,855 bales, the balance going to increase the stocks at the
interior towns.
Last year the receipts from the plantations
for the same week were 104,894 bales and for 1887 they were
217.782 bales.
,

—

Weather Reports by Telegraph.— Our

telegraphic

ad-

vices to-night indicate that while the

weather has been very
satisfactory on the whole the temperature has been rather low
during the latter part of the week. Picking is progressing
well and cotton is being marketed freely.
Oalveston, Texas.— It has been showery on three days of the
week, the rainfall reaching seventy-seven hundredths of an
inch. Average thermometer 74, highest 88 and lowest 60.
Palestine, Texas.— We have had hard but beneficial rain on
two days of the week, the precipitation being one inch and
twenty-seven hundredths. The crop is good and picking active.
The thermometer has averaged 71, the highest being 88 and
the lowest

54.

Huntsville, Texas.— There have been showers on three days
of the week, the rainfall reaching twenty-one hundredths of

an mch. Picking makes good progress. The crop is good.
Tlie thermometer has averaged 74, ranging from 50 to 98.
Dallas, Texas. No rain has fallen during the week. The
thermometer has ranged from .54 to 90, averaging 72.
San Antonio, Texas.— The crop is good and is being rapidly
gathered. There have been showers on three days of the
week, the precipitation reaching fifty-three hundredths of an
inch. Average thermometer 73, highest 90, lowest 58.
Luting, Texas. Showers have fallen on two days of the
week to the extent of fifty-three hundredths of an inch. The
crop is fine, and picking is actively going on. The thermometer has averaged 73, the highest being 92 and the lowest 54.
Columbia, Texas.— We have had one shower during the
week, with a rainfall of eighteen hundredths of an inch.
Picking is making excellent progress. Crop good. The thermomefer has averaged 72. ranging from 54 to 90.
Cuero, Texas.— There have been showers on three days of the
week, the rainfall reaching forty-two hundredths of an inch.
The crop is the best in many years, and good progress is being
made in gathering it. The thermometer has ranged from 52

—

—

Shreveport, iout«ana.— Rainfall for the week eight hundredths of an inch. Average thermometer 75, highest 90
lowest 55.
Columbus, Mi.isissippi.— There has been no rain all the
week. The thermometer has averaged 71, the highest heme
*
93 and the lowest 46.
Letand, Mississippi. —Rainfall for the week one inch and
thirty hundredths. TThe thermometer has averaged 75-4, rang-*
ing from 49 to 94.
Greenville, Mi.i.itssippi.—The week's precipitation has been
one inch and eighty-eight hundredths. The thermometer haa
ranged from 58 to 90, averaging 72.
Clarksdale, Mississippi. Telegram not received.
Vicksburg, Mississippi.— Te\egr&ia not received.
Little Rock, 4rA;ansas.— Telegram not received.
Helena, Arkansas. It has been showery on four days of
the week, the rainfall reaching seventy hundredths of an inch.
It is claimed that worms are doing much damage.
Some new
cotton is coming in. The thermometer has ranged from 48 to
90. averaging 70-5.
Memphis, Tennessee.
had rain on three days of the week,
but the weather is now clear and the nights too cold. The
rainfall reached two inches and ten hundredths.
Cotton is
beginning to open and picking will be general next week.
Boll worms and second crop caterpillars are reix)rted in a
number of localities. Average thermometer 73, highest 93'5,
lowest 52.
Nashxrille, Tennessee.
It has rained on two days of the week,
the rainfall reaching two inches and five hundredths. The
thermometer has averaged 68, the highest being 91 and the
lowest 45.
Mobile, Alabama. The weather has been fine all the week,
and picking is very active. The thermometer has ranged from
55 to 93, averaging 78.
Montgomery. Alabama.
have had light rain on two
days of the week. Tuesday and Wednesday were very warm
and it was dry till then. Since there has been a cold wave.
Hcking progi esses finely and farmers are marketing their
crop freely. The outturn is very good. The thermometer has
averaged 76, ranging from 51 to 94, and the rainfall reached
twenty-two hundredths of an inch.
Selma, Alabama. Telegram not received.
Auburn, Alabama. The weather has been favorable, with
no rain during the week, and cotton is opening rapidly. The
thermometer has averaged 76, the highest being 93 and the
lowest 48.
Madison, Florida. We have had fair weather all the week.
The thermometer has averaged 80, ranging from 60 to 95.
Columbus, Georgia. There has been no rain all the week
The thermometer has ranged from 58 to 90, averaging 78.
Savannah, Georgia. The weather has been pleasant during
the week, with rain on one day. Average thermometer 77,
highest 90, lowest 55.
Augusta, Ceorsria.— The weather has been clear and pleasant
during the week, with light rain on one day. The rainfall
reached five hundredths of an inch. Picking is general and
cotton is coming in freely. Accounts from the crop continue
good. The thermometer has averaged 77, the highest being 94
and the lowest 49.
Charleston, South Carolina. It has rained on one day of
the week, the rainfall reaching thirty-two hundredths of an
inch. The thermometer has averaged 78, ranging from 59
'

—

—

—We

—

—

—We

—
—

—
—
—

—

to 91.

62 to 92, averaging 77.

New (Means, Louisiana.— \t has rained on one day of the
week, the rainfall reaching sixteen hundredths of an inch.
The thermometer has averaged 80.

—

Stateburg, South Carolina. There haa been light rain on
two days of the week, to the extent of twenty hundredths
of an inch. The thermometer has ranged from 60 to 85-7,

averaging 75.
Wilson, North Carolina. It has rained on five days of the
week, the rainfall reaching two inches and twenty-tliree hundredths. Average thermometer 73, highest 86, lowest 49.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 8

—

o'clock

September

19, 1889,

and September

_^____

20, 1888.

ISept. 19, 'BB.'Sepl. 20, '88.

Feet.

New Orleans

Above
Above
Above
Above
Above

Memphis
Nashville

Shreveport
Vicksburg

low-water
low-water
low-water
low-water
low-water

mark.

Inch.

5

mark

7
4

mark.
mark.

mark

Feel.

11
11

Inek.

6
Vi
3
11
19

7
9
4
6

6

6
9
1

—

India Cotton Movement from all Ports. The receipts
and ahipments of cotton at Bombay have been as follows for
the

week and

year, bringing the figures

down

to Sept. 19.

BOMBAY RECEIPTS AND SniPMESTS FOR FOUR TEAKS.
Shipmentt

to 88, averaging 70.

Brenham, Texas.— The crop is only a fair one. Rain has
fallen on two days of the week to the extent of one inch and
forty-nine hundredths. Picking is making very satisfactory
headway. Average thermometer 73, highest 90, lowest 56.
Belton, Te.xas.—We have had hard but beneficial rain on
two days of the week, the rainfall reaching one inch and
seventy hundredths. The crop is fair. The thermometer has
averaged 73, the highest being 93 and the lowest 54.
Weatlierford, Texas.— The weather has been dry aU the
week. The crop is good. The thermometer has ranged from

377

rear Oreai
Britn

1889
1888
1887
1886

thit week.

Oonlinenl.

6,000
2,000
2,000

1,00<!

SKipmenii since Jan
Qreal

Total.

OonftBriUnn\ nent.

1.

'

Total.

3r,2,ooo'?4i,nn()U, 203,000
6,000 211.(1(111 111."), 11(1(1 826,00(1
2,0011 :w3,()(Hi (;i;i,(i(KiH,027,oo(i
3,0011 317,00(11062,00(1) 970,00(1

Seceipls.

This
Week.

aittee

Jan

1.

2,000' 1,708,000

1,000 1,288,000
4,000,1,4.59.000

5,00011,397,000

According to the foregoing, Bombay appears to show an
increase compared with last year in the week's receipts of
1,000 bales and a decrease in shipments of 6,000 bales, and
the shipments since Jan. 1 show an increase of 377,000 bales.
The movement at Calcutta, Madras, and other India ports for
the last reported week and since the 1st of January, for two
years, haa been as follows.
"Other ports" cover Ceylon,
Tuticorin, Kurrachee and Coconada.

THE CHRONICLR

378
Shipmentt Jor

Shijimtnt)! tince

the teak.

Oreal

Oonli-

Brituin.

tiet)<.

BrMn.

Total.

Calrntia -

January

\contintnt.

1.

Total.

33.000
25,000

1889....
1888....

llBdras—

45,000
60,000

78,00
80,000

3,000

1,000

4,000

51,000
22,000

8,000
7,000

69,000
29,000

6,000
4,000

3,000
3,000

9,000
7,000

1)5,000

53,000

39,000
29,000

104.000
82,000

9,000
4,000

,1889....
1888....
All otlit-rs—
1889...
1888...

4,000
3,000

13,000
7,000

119,000
100,000

92,000
96,000

Total all-

1889
1888

1

1

week show

totals for the

The above

that the

241,000
190,000

'

movement from

is 6,000 bales more than the same
the whole of India, therefore, the total
shipments since January 1, 1889, and for the corresponding
periods of the two previous years, are as follows:
E.XrOKTS TO EUEOPE FEOM ALL IKDI.t.

Bombay

tlie ports other than
week last year. For

1887.

1888.

1889.

Bhipmmt*
Europe
from —

Thit

U> all

Bombty

1.

1,203,000

AH otUer ports.

13,00;i

6,0001
7,000!

241,000

Since

This
week.

Since
Jan. 1.

Thit
week.

S'nte

Jan.

teeelc.

Jan.

1.

2,000 1,027,000
820.000;
lOO.OOOJ 12,000, 367,000

Our cable states that Mr. Ellison haa added nothing for the
probable deficit in Liverpool stock at the end of August, but
there was an actual excess last season of 74,000 bales. The
surplus stock September 1, 1889, is therefore as given above
(60,000 bales), against last year at the same time (after deducting 74,000 bales) 49,000 bales.
It will be seen by (*e above tables that the weekly consumption in Europe ii August was only 139,000 bales of 400
pounds each, against 14S,000 bales at the same time a year
ago, tha c msiderable reduction in the average w?ekly consumption in Great Britain during August being due to short
time.
JtrrE Butts, Bagging, &C.— The market for bagging has
been fairly active and prices continue firm at 8J4 (a 10?4c. as
to quality.
Not much business has been tran.sacted in jute
butts and prices are about as last, sellers quoting 1 -TO® l^c.
for paper grades, and 3@2'.^c, for bagging qualities.
Manchester Market. Our report received by cable to-night
from Manchester states that the market is firm for b(jth yarns
and shirtings. The demand for cloth is improving. We give
the prices for to-day below, and leave those for previous
weeks of this and last year for compari.son:

—

1889.

13,0001.444,000! 13,0001,022,000! 14,000'l,394,000

Total

—

,

AlexindrUi, Eirvpt,

{•

1839.

Seiilembfr 18.

1887.

1888.

32,000
47,000

ThU

15,000
33,000

Since
Sept.

week-.

Exports (hales)—

12,000
26,000

1

This
Since
week. Sept. 1.

1.

This

Since
Scut 1.

wek.

I
i

3,000
1,000

:

Total Europe

I

3,000
2,000

4,000l

To Liverpool
ToContinent

5,000

2,000
|

2.000
1,000

4,000
3,00c

7,000|l 3,000|

i

5,000

A cantar is 98 pounds.
European Cotton Consumption to September 1.— By
cable to-day we have Mr. Ellison's cotton figures brought down

We give also the revised

that comparison

may

to

j8.

d.

.'*.

d.

<l.

®7

1

6%

7

'a

7
7

2
2

i<^

l6
!6
8ii''"'8*'i« ^6

1

6Ss
6=8

-a

ni

2

" 20

ll'I

d.

d.

7=8
7-'>s

•I

d.

s.

*8i4

SHH

5
5-8% 5
|5
'5
^5

I

Cotl'n

j£i^
]upiat
d.

d.

s.

Oiflaoil
6i3'6 11
8 ®7 0J2

jo

IH
6\ 7% '»83«
6'I,6 7'6 asig
6% i7-'s •a8i2

2

" 13 8ii6®8^«

_,
,.
8'4 lbs.
Shirtings.

Uwisi.

•a

i6
16

" 30,8ii«*8'Ji„
Sep. 6Si]a«8'-',e

a>7

01-2

®7
®7

2
2

6
5'Ha.

8

558
5»]«
5ilia
ftis.

10
10

CoTiON Progress and Pkospecjts.— Iq our editorial colwill be found a short article showing the progress
of the cotton plant in August and the prospects of the crop.
As of interest in connection with our editorial remarks, we
have prepared the subjoined tables, which show the State
averages of rainfall and thermometer in May, June, July and
August for six years (18S4 to 1839 inclmive). The thermometer averages are given first^

September

totals for Ust ytar,
spinners' takings in
been as follows:

Qr eat Britain.

1.

Continent.

Total.

N.C.\R'LINA
89-;f
8S»-3

IHKfMfHlr).
1KV5 (fair).
1MS4 (baa)..

91 u

39-8
43-6
50-3
47-8

87-«
89-5

88-7
e-*i
70-5
K8-7

91-7

3,555,000

6,630.000

457

438

44G8

1,405,27.'>,000 1,557,090,000 2,962,365

000

For 1887-88.
Takings by spiuners .. -bales
3,336,000
3,359,000
0,715,000
4-2
433
Average weigbt of bales .. ..
431
Xaklngsln vii">iii<s
1,453,282,000 1,447.707,000 2,900,939,000

Accordinii to the above, the average weight of the delivt^ies
in Great Britain is 457 (lounds per bale this season, aa:ainst
433 pounds during the same time last season. The Continental
deliveries average 483 pounds, against 431 pounds last year.
and for the whole of Europe the deliveries average 446"S pound?
per bale, against 4.33 pounds last season. Our dispatch also
gives the full movement for this year and last year in bales of
400 pounds each.

73-0
76-4
75-3

100-1

57-S
58-4
51-8

739

»3-.'.

75-8
71-0

9ti-0

61 rl

78*7
81-4

93-4

03-2

77-Lj

48-3
60-4

73-5
78-3

f-.-Si
3-1-7;

66-3

78-2

75-6
78-4
78-5
70-x
77-5
74-u

96-2
97-4
01-a
h3-3

69-2
68-^

80-7

88'5i
65-4'
B-2'1
6T'i?

80'4

77-0
79-8

B-i-9

49-4

7U-»,

««-4
91-9
93-4
81-0

950

45-9

09

1

92-M
9'l-4

H4-2
58-8

78-2J

77-3

97-4

«71
«5o

81-01

9-',-lj
9'<!-4

60-5
56-0
55-0

74-4
77-8
74-»

61-»| 78-7

95-5
90-5

00-9
02-0

78-4

88-5
96-0
94-H
91-8
91-0
92-6

68-2
64-9
57-2
64-0
65-7
61-8

76-1
80-4
77.5
77-»
78-6
77-4

91-0
97-3
85-3

64.0

78-9
78-6

75-S

Car'lina
(l!0 >a)

8»'7

44

.s«-a

510

72-2
95-a
70-2
71-5 100-8

lhf-6 (fair>

91S
8V8

411'^

720

1885 (fair

61-0

l»H

85-J

55-

70-0
72-6

SI2

45

»10

90

50-2

»0-9

f,6-

(bad).

SUi^KOlA.
188 J
18-8 IKOOd)
1887 iKCiod)
18n«(fair).
1885 (fair).
1884 (bad).

m»

64-9; 78-11
70-8i 1(«
rtO-Oi 80-2
92-0' 61-7' 7H'ii'
90-7! 63-3 7M-H
79-7
89-8! 61-?! 70-4
Hl-Sl, Bl'O
68-4 65-1 72-0
83-3 051 80-3
S:i-1

47-5
61-5
02-0

»61 741

93-3
95-8
99-2
»9'2
93-3
81-6

91-'

48-8

87-1

49-

ra-9
71-8
n9-4

64-1

61-9
68-9

8li-«
''8-9
8'i-l;

96-1
91-u

80-4

93-8

9i-0
85'8
9h'4
91-9

70-3' 80-7
69-1'

81-1
8<V0

92-t
84-3
93-9
94-5
93-2
»3-a

95':i

84-0

FlokidA.
If-HA

92-6

50-61

72.6

9'--9

65-0

1881 (i;nnd)
1887 (KOod)
188« (fair'

91
88
9m

S81

75

94-

62-.;

50'H
50-5

92-3

61-8
67-3

1885 (fair)
1884 (bad)

8!l'1

68-

80-4
81-3

61-2

95-8
9^-7

689

91-8

73-3
74-0
74-S
77-9

65-

•79-rt

92-7
94-9

71'4
70-2

8(r6
82-1

1HH»

88-.T

45-0

(11-6

50-8

70-8

05-5

87'6
90-6

91-9
98-4

57-

77-4
78-5
77-6

90'
!I2-3

68-8
89-4
6H-6
OH'O

SO-6
81-5
80 7
79-2

92-3

188-' (KDOd)
1887 (Kocid)

7^-2
49'9; 71-5
5vl 74-3
49'4 72.0
48-9 f«-4
65-5 72-8

78-0;

94-0

(i3-9

Alabaua.
ISn'i

iHir)

1885

(filir)

18S4(buc1)..

'

50-6

93-31 55-

1«87 (KOOdI

3,075,000

.

81-8

(Bood)
18^7 (Kood)

I8S;>
l«8-<

1S8J
18M«

by spinners. .bales
Average weigbt of bales
Takings In pounds
Taklnf^s

Averngea.

8.

For 1888-89.

August.

July.

Will/.

Ihermiymeter

The

be made.

actual bales and pounds have
October 1

d.

®8i3
Ag.l6 8
" 33 8i,«»8»i,

7,000

5,000
2,000

3.000!

•

1.

Mid.

Shirtings,

32« Cop.

TJplds

lbs.

umns to day

Receipts (can tars*)
This week
Since Sept. 1

to September

d.

1888.

OoWn

6H

32« Cop.
Iwisl.

Alexandria Receipts and Shipments. Through arrangements we have made with Messrs. Davies, 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 previous two years.

xux.

rvoi~

80-3
90-U

92-

61-

94-31 64-1

92-4 62-6
81-Oi 5U-2

7

97'2

68-7

92-'-

93-1

957

811-

93'

78-8

79-4

94-4

76-91
78-2!
8O-2;

81-91

95-

81-7

96-0
96-3

03-1
60-4
64-6

64-2
04-1

789
78-8
79-9
78-4

70-

78-8
81-6
80-0
80-1
80-5

7u-2

801

6S-1

08-7
HS-0
67-6

63-9
64-8
62'4

76-9
78-0
78-8
6i-91 80-5
05-4 78-9
62-2 77-4

'

1888-39.

Oct. 1 to Sept. 1.

000< omilted.

Ctreai

Britain

8pi oners' stock Oot. 1.
52,
Takings to Sept 1.... 3,513,

Bnpplr
3,965,
Oonsnmptl'n 48 weeks 3,505,
Spinners' stock Scpt.l
Jfeekl]/

60,

Oontvnent.

193,
3,802.
4,085.
3,670.

415,

LoriSlANA.

1887-88.
Oreat
Britain

Total.

245,
7.405,

1

1

61.

3,633,
3,684,
3,561,

7,650.
7,175,

475,

123,

1S89
188S (good)

Oontir

nent.

167.
3,019.

Total

218,
7,252.

3.786

7,470.

3,478,

7.i.:i9,

308,

431,

OontumptUm,

00> omitted.
*75,0

In November
In December
In January
In February

In March
In April

In May
In Juno
In July
In August
*

ATPrajrc

77,'>

150,0
150,0
150,0
154,0
154,0
154,0
154,0
151,0
154,0
154,0
139.0

!

73,0
73,0
73,0
74,0
74,0
74,0
75,0
75,0
75,0
75,0
75,0

72,0
72,0
72,0
72,0
72,0
72,0
73,0
73,0
73,0
73,0
73,0

145,0
145,u
145,0
146,0
140.0
146,0
148,0
148,0
118,0
148,0
1.8,0

by Mr. Ellison; deduction uuide from montU'H t«tal
stoppage of spindles In October, July and holidays iu J une.

.is (.'Ivpii

on account ol

75,0
75,0
77.0
77,0
77,0
77,0
77,0
*77,0
'17,0
62.0

75.0
75,0
75,0
77,0
77,0
77,0
77,0
77,0
77,0
77.0

iin-n

49-1

89.7
9a-a
93-9

M-^

71-9
72-7
75-4

92-9! 52-5

88-V.

75-8J
58-«! 74.1

88-1

B8-9

74-8

62-8
06-H
93-6! 70-0
93-1 70-3
95-4 65-7

18811

8t.-7

43-7

67--

90-7

1888 (K(niil)
1887 (Kuod;
l88H(luir).
1885 (fair).
1881 (btt!)..

88-9
90-8
91-4
89(1
8V.9

.50-1

45-8
54-6

70-4
73-2
71-4
66-8
71-7

188H
1888 (KO d)
1887 (good)

S8-n
87-5

42-3

64-S

92 2

56-U

I8si;ifair)
1885 (fair).
1884 (bad)..

»4-»

ftO-7

87-1

44-2
50-J

18-7 (,;ood)
1886 (fair)
.

1886 (fair).
1S84 (brid)..
MISS1S.S1PPI

58-1
.•i7-4

.53-(i

48-4

94-0
90-1

i

46-0
82-«l 55-3
95-8 5
92-5 03-0
95-0 62-7
83-3 61-8

80-4
83-61

79-9
73-3'
7:i-5l

77-4
75-3;

80-7
75-8|

ARKANSAS.

87-2

45-71 08-51

72-5
73-0
08-7
88-

91-8
91-8
95-6
94-7
92-2
95-1

43-0

66-3

,39-5

051

ss-.i

40-!.

74-5
69-4
06-5

89-3
94-7
97-3
91-3
93-7

49-1

69'

83

49-7
54-3
58-0
59-8
60-5

H-4

1880..

80-

47-7

70-1

1888 (good)
1887 (good:

89-:i
HH-ll

51-t

70-U

48.8

72-11

l88H(fulr).

w3-:i
87-:'

.'.3-t

88-01

50 6

4ti-(j

47-3

488

(fair)

lyThe

;s-6'

92-2!

0.-.'7;

80-0

95'5

,
9«'o 60--J;
,
93'7} 6,<'4
95-7 83-5!
97'8l 68'6j

8(1-0
_

96'z
»7-l

60-5'
6j'21
80-7
82.8!

96-(i

61-6

03-0,
96-31

65'5'

81-0
80-6
82-^1

62-S
64'3
6.V1

798

94-3i

O'J'S

78-5
80-4

76-1
70-0
78-3
78-S
78-9

96-6

8.8-9

59-4

81-l[

77-3
78-7
79-0
89-51 60-SI 78-5
97-1 59-0 77-»88-8 SS-1 TSr*

80-6'

89-5

60-S' 75-S

79-:
81-4
00-0; 60-0 80-5
96-6 57-5. 80-1
94-8, 05-2: 79-0

B--1
99-4
87-4

61.0
^8-»

77-7

6 1-3

97-0

59-5
57-6

77-7
78-9
76-3

07-7' 67-4' 81-9
85-4 61-9! 80-8
98'6; 06-" 79-4

64-S
64-8

87-

72-7
70-2
76-9

95'3

76-51
74-1

96-4! 03-4
89-1! 67-3

9<S'9

Im.'S
76-21
95-7

74-j

91-4
93-5

60-2

760

6-^-5

94 5

63-3
62-3
04-7

78-5
78-3

49-1

74-1
09-7
71-1

959
93-9

99-0
96'o

OJ-5
64-3

S18-9

72-2
75-6

55-4
59-3
61-3
59-6

Texas.

188> Ibanj.

S-i-4

83-»i

64-7
68-7
7U-6

MO
81-2

60-0

870; 62-9

j

R9-7
87-1
89-0
89.0
80-9
87-1

188.'.

85-7

80-7
80-0
83-a
88-6, 83-3
I'O'l
96-1 68-31 81-9
87-81 65-5t 81-5

8'3''5i

i

Tfxnessee
188H
1888 (good)
1887 (good)
1886 (lair).
1885 (fair).
18»t (bad)..

95-61 70
97-8, 6I1-6
97-0 70-6;
9r2j 89-ol
85-0 71-7;
98-8 70-2;

(19-4

96-1

78-71
79-7'

67.6

82 6

97-0
87-4
97-6
9S-5

77-3

73-8

&i'i
85-0

95-9
87-6

mi]

61-1

16-5
66-2

711-5

8a-4
79-7
80-0
80-8
82-8
S2-T

words "bad," "goml," "(*lr" and •'full" following the
years Klveu alwve uio:m simply tUat the aggregate crop for tlie year
named was bad, good, fair or fu'l.

SaPTEMBER

The

THE CHRONICLR

21, 1889.]

May.

Bain/aa Averages.

June.

Rain- Day>
rain.

fali.

N'HTH Caholisa.

m

Ram- Day»
rain.\

188D

8-BO

lt«H(goo1)

7«8

14

I»87mood)

12

7

7-B7
S-38
4-48
8-75

)

8-52
8-se
7-41

i;i

<i'IJ6

It84(nad)

13
8

l»««(falr)
1885(fiil

I

9 2-3

U«

S'l)i«

9

«3l

18

mi Carolixa.
1889

1-59

t>\4

8-03

11

JbSHdj.iod)
1887(i{ooa)

7-21)

»

4-(-0

10«i

3-21

10

8-8'J

6H9

9

i!^

S-18
2-89

IK

8-06
4-29
7-37

1-47
B-7S
2-85
4-32

4

e-23
3-35
8-5^
9-84
4-77
7-81

12

So

18>i«(t

Ir)

18HB(far)
1884 (Bad)

8

rain.

ilalnfaU.

8-09
2'9J
B-83
9-18
4-37
9-34

17

7-87
i-2i
B-S8
8-90
4-80
3-73

13
8

M«
14

188a(fair)
18M6(falr)
1884 (bid)

11

»
7

5-8.1

12

1-93

8

WStfar)
1881 (bad)

9

188«((ar)
1885 (fair)
1884 (bad)

4-23

8H
UH
4H

12

4-18
1-08
0-Sl

n

404

Alabama.
188H
1888(>tood)
1887 (mod)

7-30
4-32
7-17
8-80
9-12
8-70

»^

1-00
5-9.1

1-52
8-K6
S-13
4-45
8-94
2-83

10
15

10

»H

7-36
4-88
8-B4
4-30

15

819
8o7

li^
13«
11^

10

To Maz

9

15
12
10
11

Hl>4

9
10
15

ll«
13
18
18
15

ll«
10

4-i!«

4-M4
0-55
3-3/

10

7-83
5c)4

"18
1!

1-39
B-09
S-2U
1-23
4-Hl
10-94

17

5- 18

1

13-74
«-8«
e-48

23

615

16

8-»0
7-44

12^
1«S
18X

5-84
4-67
9-70

15

4-7.4

12
14
12

17
10
15
13

17H

e-;i8

6-62

IT

8
3

»«
17«

6-17

10
1»

14
11
14
12
12

135<

10«i
15

1887(i!.)Od)

1888

(fKlr)

l&S5(fair)
1884 (bad)

1-78

3H
8H

S-4fl

4-12
1-82
3-25

«

810

IS

?:§?
4-90
8-16
2-34

8-15
4-13
8-OH

12

4-71

1U«

7
13

ia«

2-74

10
15

7-fla

I88if

312
6-U9

ij**

4-84
5-30

S-15
4-58
5-19
1-35
2-K9
5-Ho

6
H
13
5
10

6-17

14
14
11
16

188«(fiilr)

1885 (fair)
1884 (bad)

3-24
3-01
3-01
2-68
4-02

8
12

11

BOS
1H3
7-92
4-68
2-37

10

8 42

188H(K»od)
1887 liiond)
188rt((a

r)

18^5 (fair)
lS84(bad)

11>4
10
10

433

6

iss-iinood)

2-9BJ<
5-22

1887jKOOd)

601

ISt-fllt-ir)

0-1

18»S(fair)
1881 (bad)

7-13
9-02

S'4

11
9
2
II

8'23
6-11

3-42

301
set
0-03

547

500

"123

";;;i

Total.

;;:".

45,240

tH.

..

3,585
1,686

Riiston

602

Total... 40,332

8
6

l!-97

2-98
8-88
1-54

605
1,163

....

2,081

Mon.

Tuet.

Weanet.

Thurt.

»4*Sl8

>.J®B,8

1435,8

730393,

'e

"'s'

"'b

%

Satur.

9,'^

Li rerpool,
6
15
»<<

steam d.

DovlaUl'sg'w.d.
Havre, steam
e.

Do

sail

c.

Bremen, steam

Do
n
13

»16®'8

»18B'8

»,8®»8

»ie

oi«'

»i«'

»[e"

75*

75"

....

e.

....

•iss's

vlaLeitb.d.

Hamburg, steam.c.
Do via London. d.

7

3-77
3-14
2-96
8-11
8-04

16

S-.58

14

4-21

7

8
^?

908

9

2-68
S-iu

13
6

B >roelona,steam d.

lj«

Oenoa, steam .. .d.
Trieste, steam. ..d.
Antwerp, steam d.
* Per 100 lbs.

12^

8

2-:^8

2-50

im
16

8
16

828
484

12
IS

*'13

2-11
8-Z8
1-84
2-oa

Texas.
1889

Ant3tatatwerp. Oenoa.
lan.

150

273
547
500
61
Cotton freights the past week have been as follows:

Bavannab

8M
8«

8-?8

11^1

2-l.i

7

6.

1-93
6-95
6-Kl

5
11!^

1-71

2-00

11

9

.S-53

7>s

214

1-R'i

0-51

2-01
4
7M
t^° Till* words "hal," "<oo(l" aud 'fair*' following: tho years given
above innan eimplj- tuat tUe aggregate ciop for the year named wa« bad
KOod or (air.

75*

Aoist'd'm, steam. e.
Do via London. d.
R-«val,

8-37
4-84
1-48
7-08
3-09
B-46

burif.

13

2-21
9-52
2-50
3-14

"Hi

Ham-

'i.aoo
4,fi03

(ialveston..

Baltimore.

TENNE.SSEB.
18^»

502
605

18,570
0.668
6,023
4,603
3.585
1,686
1,107

West Point.

Arkaxsas.
1888 (EWd)
1887(>iood)

1,688

61

ll«

9-.'i7

12
9
10
10

2B7

vool.

Ne-wYork.. 14,390
N. Orleans . 9,6G6

18

2-21
10-^6
3-11
3-52
2-21
2-43

OH

llh

5-69

Bre-

Barre. men.
1,4G3 1,459

Liver-

*»

4-91
8-85
3-11
4-B9
«-42
1-92

6

3-9

5
5
9

8 48

3.5';5

To Bremen, per steamer America, 600

15.^

Mississippi.
18SH
1888 (good)

123
4,603

Wkst 1"oi.\"T — I'o Liverpool, per steamer He-ip.iri les. 3,385
Boston— To Liverpool, per steamer .MieliUan, l,(Htf
BAi-TiMouB- To Liverpool, per steamer Nova Sootlan, 502

45,240
particulars of these shipments, arranged in our usual
form, are as follows:

8-49
4-97

^f

7-71
5-45
8-59
7-70
5-11

0.668
9,900

The

13)<

9- 06

5-44
8- in
3-37
8-88

4H

61
...

Total.

9

8

Louisiana.
188U
1888 (good)
1887(iiOod)
188«(fair)
lSS5(falr)
1881 (bad)

per steamer Newport, 61
Liverpool, per steamer-i Texan, 0,o59

ittan,

VesU, 3,fi07
Qalvksto.n— To Liverpool, per steamer BirohSeM, 5,000
To Haiubnr>c, per steamer Ro nan P Inee. I-i3
Ravansaii To Llvernool. per steaniir Kathleen, 4 603

9

<!-!i6

1-3

Wi

14
11
10
12

lot*
«<^

9

15

8-S7
2-»3
11-39
5-00
4-25
3-89

IM
12

Total AoMr.
Liverpool, per steamera CItr of N'^w York,
2.703.... City of Koiii", 3,:Hl ....Elrurla. 9 18 ... 8U
Ki«ian8, 1.917 ...Ten oiil.% :i,4H0 ...VVlso nsin, l,H98.... 14390
To Ilavie, per steamer La <ni impa<n«, l.ltf3
1.403
To Bremen, tier Btoamers Elder, 7.j9....Sakl". 7t>0
1,-159
T Haniloi K. per ^tu liner- (Jalifornli, 30...IIa uinouli. lOO
lSr>
To Aulwerp. per steamer Punulau'l. 54 7
547
To (Jenoa, per steamer Utopia. .500
.^
50O

New Orlkans— To

Florida.
1889
1888(gl'Od)""''."
1887li!Ood)
1880 (fair)

returns, have reached

'

8-75
6-77
3-33
6-05

6-05
8-28

13

mail

Niw York—To

rain.

4-2VI

IS

Georgia.
188»
18S8(t'00d)
1887 (KOod)

Days

8-81

tall.

exports of cotton froti the United

States the past week, as per latest
45,240 bales.

A UQa$t.

July.

nainSall.

News.—The

Shipping

rainfall averages are as follows

379

Do

steam

^18

"i«

^18
933-aSi,

American Ex-

changes, called to devise some method of adjusting the tare

93^a5,g By^asjg

g.ja'a'tia

Liverpool.— By cable from Liverpool we have the foUowIgg sraCHinent of the week's sales, stocks. &o. at that port.
Aug. 30.
Sales of

tlie

week

bales

kjf

of

75*

d.

'

The Bagqing Question.—The convention

75-

= 18

....d.

sail

75*

which exporters twok

''>f

wbfcti 8 peculators took...

Sales \merioan

Sepl. 13.

Sepl. 20.

44,0<.i0

2.00f
3.000
25.000
8,C0«

Wednea.

5.000

36,00<l

3.000
3.000
34.000
7.000
4G.O0O
4S9.000

2ti.000

A -taal export

6

Sepl.

40,000
4,000
2.000

Tkwd'y.

Fridctih

Firm.

Don.

32,000
3,000
1,000
23,000
4,000
33.000
420.000
220.000
27.000
20,000
74,000
57.000

met at New Orleans, on AT^ednesday, September 11. F irwarded
43.000
42,00(1
T ital stock— Estimated
48 -'.000
4/iO,OOC
Delegates were i)resent from New York, New Orleans, Mobile,
If wblch American— Estlm'd 2ti(!.0O0
24U,O(>0
22fi,(XKl
3O,()()0
I 3,000
21.000
Selma, Augusta, Natchez, Nashville, Memphis, St. Louis, Total Import of tbe week
ot wbjob American
111,000
IM.O(X)
14,0OC
Meridian, Vicksburg, Greenville, Jackson and Macon, Miss.
moant atloat
45,000
54.000
81,000
f>' "rhlnn American
19,000
34.000
&h.ono
The Commissioners of Agriculture, of Georgia, Tennessee,
The tone of the Liverpool market for spots and futures each
Alabama, Arkansas and Louisiana, and representatives of
Jay of the week ending Sept. 20, and the daily closing prices
various

on

cotton,

,

State Alliances were admitted to seats on the floor.
Mr. James Tobin, of Augusta, Ga., was chosen permanent
chairman, with Mr. Rountree, of New York, Vice-President,

and Mr. Henry G. Hester, of New Orleans, Secretary. President S. O. Thomas of the New Orleans Cotton Exchange, gave
his views on the subject for which the convention was called,
and after considerable discussion by the various delegates the
following resolution was introduced. " That on and after the
day of October, 1889, all cotton shall be sold at net weight,
allowing 24 pounds off gross weight for tare on jute covered
bales and 16 pounds off for tare on cotton covered bales, the
1st

cotton covering to be of standard weight, three-quarters of a
pound to the yard."
All the Exchanges voted for it, but in the case of New York.
St. Loui><, Memphis, Natchez and Meridian, with the qualification that the action was to be " subject to the indorsement of
their exchanges." A committee of three was apiwinted to
apprise foreign and domestic E.tchanges of the convention's
action, and to recommend that they co-operate.
At the evening session the subject of a uniform standard of
cla.ssihcation was brought up and the following resolution

unanhnously adopted
" That it is the sense of the membere of this convention that
a uniform classification of cotton ought to be made, and now
recommend that the ditTerent Exchanges appoint experts to

of spot cotton,

have been as lollows:

Saturday Uonday. Tuaday.

Spot.

Market
n,

)

Quiet and Moderiite
firm.
(lemaod.

12:30 F..M.J

Dull.

Qnlel.

arIld.Upl'd8.

6ili„

6U,

6lti8

4.000

0,000

5,000

6,000

400

7,000

500

500

5,000

500

600

500

Sales
Spec.

& exp.

6^

6%

6%

Futures.

Market,
et,
2:30 p,.M.

Market,

4

p. a.

Flatiw'k Steady
(

et

at pan'lly! 1.B4 ad-

Firm at
l-64«2-(t4
advauce.

I

)

Very

j

steady.

Steady.

!

Slaady Steady ai Steady at
at an
partially
partially
advance. l-Ui adv. 1-04 dM.

Very

Quiet and

steady.

steady.

Barely
steady.

Qolat.

The opening, highest, lowest and closing prices of futures at
Liverpool for each day are given beloiv. Prices are on the
basisof Uplands.

Lev Middling clauau, unless otfierwise stated.

!«at., .Sept.

14.

Alon., iSept. 16.

Taea., 8cpr. ir.

:

mt-et in the City of New Orleans at as early date as possible,
said date to be ascertained by con-espondence through the New

Orleans Cotton Exchange, to arrange this classification."
The chair appointed the following committee to inform
the different Exchanges of the action of the convention
M.
Woolsey, Selma, Ala.; S. O. Thomas. New Orleans, and J. C.
Bush Mobile, Ala., after which the convention adjourned
:

«me

die.

Open

Hlg/l

Low.

Clot.

Up«n

BItti

d.

<%.

d.

d.

d.

d.

d.

*.

8 37
6 57

6 39
5 58
5 45

6 10

39
5 57
6 45

6 39

5 41
6 39
6 39
5 40
6 40
5 41

6 41
6 40
6 40

636 6 37 6 36
S57 5 57 5 57
Ont.-NOT. .. 5 44 S45 5 41
Nov.. Dec... S40 5 40 S40
Dec-Jan... 5:9 9S9 539
Jan.-Feb.... 5 39 5 39 539
September

;4ept..Oct...

Keb.-March 6 39
Mch.-April. 5 40
Aprll-May.. 541

5 39

S40
S42

B45
C40
5 39

5 40

54t

541

6 40
6 89

5 40
6 40
9 40
6 41
6 42

639
39 639

640

6 40
6 43

5 40
6 41

5
5 40
5 41

558

Low. aiot

Open Bi9h Lovi. da*.
d.

,6 47

5 48

5 40
5 41

642

d.

d.

644 646 6 44
5 59 S60 659

S57

5 48

5 47

642 6 43 5 43
5 41 641 5 41
6 41 541 5 41
5 41
1

541
5 42

6 42
5 42
5 43

6 41
5 41

54i

d.

640
see
64S
64S
5 4t

Btl
643
549
543

THE CHRONICLE

360

lUcHpU at-

[Vol. XLIX.

Opm BUh

Low.

OlWfi

H<«k Low. Cloa

d.

«.

d.

4.

5 51

6 51

6 50
61

650

5 48
5 42

6 42
5 48

543
prU-Mar. B44 5 44 543 544

543

0pm

Bigh JLow.
d.

i.

8 40
5 88
5 48
5 43
5 48

Frl.. Sept. 'iO.

Com.

d.

d.

Bepteniber 054 eso 6 48
5 53
8ept.-Oct
B48 5 4» 948
Oet.-NoT.
S 44 S «3
NoT.-Deo...

am

'

&ia
6*i
Feb.-March B42

J>ec.-Jan.

Jsii.-Keb..

M<>b.-Aprll

6 43

5 48
5 48

542

5 42
5 43

512

5 42

501 5 68 5
6 48
5 43

5 48

54;j

543 5 43

548 6 42 6

5 42

6U

5 42
5 48
5 4J
5 44

5 62
5 48
5 43

41

5 42

6 41

642

641

6 42
6 43
B 44

5 42

643

6 48
5 61
5 47

6 49

5 68
5 48
5 43

542

642

6 41
6 41
6 41
6 42
5 43

8 48
5 61
5 47

542
5 41

641
542 541
5 42

6 43
6 44

6 42
5 43

CI«t.

Whtat.

Bwh.eo Ibr

B7.450
32.626
73,378

721,611
160,925

2.418,740

1.098,516

16,390

88,000

719,9(13

Dnlutb

8 48

Minneapolis.

5,61

318.4471

Cleveland.
3t. Louis
Peoria

542

Tot.wll.

Same
Same

191,824

..

6,878

1M.200|

169.154
8,162
15,138

82,161

479.878.

204250

Fridat. p. M., Sept. 20, 1889.
for wheat flour at the opening of

112,326
22,660

800

289.700,

24,706

81,120,

8,2e5

58,800,

8,019
4,258

91
15,400

2.400

iik.'88.

wk.'87.

23.500

245,400,

IW.OCO.

16,800

3,850

253,745
238,517
251,018

'89.

Since Aug.
1889
1888
1887

283.182
222,625

41,234

3,513

.

5 42
5 41
5 41
6 41

Barley.

BuA.48 lb, Su. 66U»

1,004,285|

^441

Detroit..

5 43

OatJ.

Bluh.Seib, Bu>)l.S2 (b<

.

Toledo

5 47

Bw

82,837

OhlcaKO
Milwaukee...

d.

BREADSTUFF S.
A

Flour.
Bbtt.lVdlbl

Wcdnes..S«pt.l8. Than., Sept. 19.

8,814.343
3,568,436

3,162,472,
2,478,598'

1,721,370,

538,896

179.082

2,881.076

597.063
793,858

282,052
38,540

3,016,172,

I.

1,603,919

22.119,822, 22,765.054

16.197.277,

1, '172,79'

865.671

1,669.4851 24,003.774
i

14.098.774

14,996.927|

1

,221.450

1,040,510

l,645,87ll 16,825,271

12,703,120

14.937.498

3,048.301^

342,201

Tbe exports from the several seaboard ports for the week
en iinft Sept. 14, 1889, are shown in the annexed statement.

dull, drooping market
the week under review has been followed by a decided
increase in the volume of trade, attended by a hardening turn
to values. The cooler weather gave a great impulse to the

export*

Wheat.
Corn.
Flour.
Oat*.
Bye.
Pea*.
from—
Bblt.
Bltfh.
Buth.
Buth.
Buth.
Buth.
from dealers and bakers, and better foreign adlocal demand
71,568
23,290
131,374
2,839
vices greatly increased the inquiry from shippers. Not mueh Ne-wYork 304,437 461,818
112,876
12,881
was accomplished in the vray of export, because bids were Boston...
Portland.
"532
26',948
generally too low; but the fact that shippers had orders at Montr.al. 178.382 170,126
29,893
3,113
42,000
approximate figures revived the confidence of holders. To- Philadel
17',i43
76,010
Baliim're
daj' the market relapsed into quietness.
i',i77
117,^01
N. Orl'nB.
The wheat marktt showed neither life nor strength early N.News..
in the wetk. The little that had been infused by the Bureau Richm'd
report of last week had quite subsided. On Tuesday, how600,829 909,167 118,€62 131,374
44,238
3,371
Tot. week.
ever, reports began to be received that the receipts of the new 8'nie time
13,211
376
crop at Wtstern markets were grading very low, and on
980,811 411,36a 205,995
1888...
Wednt sday the foreign advices were better, export orders
The visible supply of grain, comprising the stocks in granary
coming from Paris, A steady advance followed, stimulated
the principal points of accumulation at lake and seaboard
on Thursday by a considerable export, mainly of ungraded at
ports, and in transit by water, Sept. 14, 1889:
red winter, at prices ranging from 76(g86t;. The demand
Wheal,
Hye,
Barley
Voru,
Oats,
frcm home millers also improved. To- day foreign advices
lyi'th.
buth.
buth
buth.
bush.
In store at—
6.214
280,258 287,839
12,479
2,033,435
were less assuiing, and the bulls selling to realize caused NewYork
1-/6,800
15,0J0
365,000
Do afloat
some decline.
.

DAILT OLOSraS PBIOIB OF KC. 2 BED WISTEB VHEAT.
Bat.
ifs«. Tuet.
Wed.
Tkun.
Bepteniber delivery

October delivery
NoTeiuber delivery

o.
c.
c.
o.
c.
o.

H3^

831a

8336

8414
85S8

t35|j

83 'a
85

84 ii,

Albany
Buffalo

fn
8414

84%

Km

Milwaukee
Duluth

86

8.T»9

Toledo

84S8

8418
841s
8588

86''8
86ie
December deli veiy.
86%
86
8634
871s
8719
January delivery
87%
88
8818
87%
9138
91»8
90%
90%
May, 1890, i^elivery
911)1
91't,
Indian corn declined sharply on Monday, leading to a revival of expoit business on a large scale. 'An effort to restore
values which was made on "Wednesday, in sympathy with the
course of wheat, was a failure, because it was firmly resisted
by shippers and local dealers, but on a slight decline Thurs
day export buying was renewed on a considerable scale,
the demand continuing to run strongly on No. 2 mixed at
41i^c in elevator and 41 J^(g41%c for canal loads afloat. No.
2 white and yellow each brought 411^0 in elevator. Today
the market was depressed by Western advices respecting re
ceipts and crop prospects.
DAIIT Ol/OSINO PRICES OF NO. 2 KIXED COBS.

Sat.

Baptember delivery
OJtoberde Ivery

c

o.
November delivery
c.
d<livery
c.
December
May, 1890, delivery.... c.

41%
4134

Mon.
4118
413s
416a

Tue-t.

4118
41 14

Weti

Thurt.

Detroit

Oswego
St.

Afloat-

Boston
loronto
Montreal

S07.-283

79,495
5,000
136,609

54, '563

Philadelphia
Peoria
Indianapolis

281,300
466,017
24,185
263,101

Kansas City

249, i47

Baltimore
Minneapolis
St. Paul

'"

On Mississippi...
On lakes
On canal <feilver.

957,201
837,777
105,000
18,891
l,27.i,'.l84
1

,800,000

19,-i88

187,492
15,597
35,412
21,569
612,282

'39.400

155,0<il
2,

709.869
22,346
1,050
121,798
78,934

22.006
12,455
580,214
85,438
''74,60i

6,901

"5,271
83,562
86,930

""544
4,416
41.00e

290,943

40,882

12,812

21,000
96,411
19,420
63,846
322,919
120,802
17,913
8B,921
128.604
115,707

29,000

'i",6bo

729
12,255

22,258
100.713
26,951

83,861

26,632

"3; 190
274.991
2.797,323 1,055,171
2,133,100 152,300

Tot. Sept.l4.'89. 15,697,456.12,891.980
Tot Sept, 7. '89. 14.098,03? 12.070.698
TotSciit. 15,-88- 31,37r,22l 8.602,854
Tot Sept. 17. '87. 31.071,309 7,570,129
Tot." Sept. 18, '80. 47,539,880 13,769.321

40%

41'a
41
41%
42
41%
4138
41''8
42 14
41%
42
4134
411a
4^19
43
421a
42%
42
421a
Oats have presented to feature of importance, except that
prime parcels on the spot, especially of white, have bi ought
rather more money. The speculative phases of mixed have
been similar to those cf Indian corn. To- day the market was
depressed and somewhat unsettled.

42%

1,406.252
18,343
58,000
2,837

Louis

Clnclnnatl

Pr-

41 le
4138

41%

;...

Chicago.

36,000
414,843
4,307,882
5,482
666.2T8
560,608
1.274,508
205,798
114.030
13,935
42,000
75,000

1,100,029
1.877.797
405,581

9,264
8,605

79,324
16,700

423,333
5,915.944 1.074,858
6,111,257 980.706 295,743
136,696
5.211.494 508,398
680,359
4,753.320 313,911
4,625,667 602,068 1,220,096

THE DRY GOODS TRADE.

New Yobk, Frlda} P, M., September 20, 1889.
Business in the jobbing branches of the trade has shown
a lessened degree of activity the past week, because many
Western and Southern retailers have temporarily withdrawn
from the market, and the weather was not cold enough to
OAILy CLOSINO PKICES OF NO. 2 HIXED OATS.
induce local and near-by buyers to take their place. A very
Bat.
Mon. Tuet.
Wed. Thurt
Fri.
26I4
20
26
26!^
September delivery
c.
2636
26^8 fair distribution of staple and department goods was, how26I4
20
October delivery
e.
2 'a
26
26
261b
ever, made by hading jobbers in this city and throughout
26 14
November delivery.... c. 263e
263s
263s
261a
26*4
demonstrated by the conttant demand for
26 's
December delivery
26%
c.
2t.''rt
27
2'i's
26% the country, as
2858
May, 1890, delivery ....o. 28%
28%
28%
28%
2812 small re- assortments experienced by commission houses and
Rye has shown a hardening tendency, and yesterday a importers. The demand by wholesale buyers on the spot
was only moderate, but re-orders for seasonable goods
choice lot brought 56c. per bushel.
were numerous, and reached a considerable aggregate
The following are the closing quotatjons:
amount. Spring and summer goods, of both domestic and
FLOUK.
have met with increased attention from
Fine
^ bbl. f2 00a$2 60 iSouthemcom.extraa. *3 OOai 3 60 foreign manufacture, manufacturing trade, and very literaf
Bui*rtlne
2 40-3 2 80 |8omliern Imkers' and
large jobbers and the
Bprinif wlieat extras. 2 608 3 00
family brands
4 00® 5 00 orders for some descriptions were placed (for future delivery)
Minn, elear and stra't. 3 50-» 5 00 iKye flour, superllne.. 27,')a 3 OO
with salesmen on the road.
W'intershipp'Kextras. 3 00-a 3 50
Fine
2 25*2 50
Domestic Woolen Goods. The demand for men's-wear
WinUrXX audXXX. 3 609 4 40 Corn mealPatents
4 259 5 60
Western, &o
2 60S 2 70 woolens at first hands was irregular and upon the whole
Boiilliern Hupers
2 40-9 2 80
Brandywine
2 753— — slujigish, but prices ruled steady. The wholesale clothing
BucSwheat Flour per 100 lbs., $.i 253f 3 75
houses had a fairly good business, and some of their lines of
OKAIK.
heavy garments are badly badly broken and consequently in
Wheat—
c.
c.
Corn—
0.
c.
need of replenishment. There was, therefore, a slightly
Spring, per bush... 75 a 88
Western white
40 a 42
_ « _ Rye—
Bprinj;' No. 2
improved demand for heavy woolen and worsted suitings, but
winter No. 2 .. 84 * 85
Bed
Western
^ bu. 50 -a 53
business in this connection was by no means active. Spring
Be<l winter
73 » 87
State and Jersey
63 » 56
cassimeros, also li^ht- weight worsted suitings and trouserings,
Wliite
80 « 88
Oato-Mlxod
24ia9 28
were in n.oderate request, with most relative activity in low
Com- Webt'u mixed. 40 ® 42
White
27 -a .'6
West'n mixed N0.2. 40343 41%
No. 2 mixed
26iea 27
grade cassimeres. Overcoatings, satinets and fine doeskin
Wefctem yellow
40 -a 42
No. 2 -white
2biaa 2913 jeans continued to move in fair quantities on account of back
The movement of breadstuffs to market is indicated in the orders, but new business was restricted in volume. Wool and
statement below, prepared by us from the figures of the New worsted dress goods were in steady demand by package buyYork Produce Exchange. We first give the receipts at West- ers and fairly active in jobbing circles. Flaanels. I)lanket8,
ern lake and river ports, arranged so as to present the com- carpets, shawls and skirts were freely distributed by leading
parative movement for the week ending Sept. 14, 18S0, and jobbers, and there was a moderate call for small re-assortsi:;cc Au^^ust 1, for each of the last three years:
ments of these goods at first ba'ads.
j

—

.

'

Seftkmber

CHRONICLE

'fHE

si, 1889. J

881

—

1889.

to

1888.

Great Britain
Otlier

76
10

-..--

European

"225

Arabia

4,-266

227
Mexico

...

64

..............

174
5S3
96

South Amciica
Other couii tries..............
*

H w

50
142
593
197
120

2,172

100.769
43,303

2,301

141,062

1,425

Total
China, via Vancouver

""'o

27,9(i4

a

1

2,304

o
9
S

1

From New England mill points direct.
The value of the New York exports

cc

*

«

*• 9^ 'X CO 91
ifk CO >-J
to

u

-J
to

108,4ti9
9)09

3

in

Si

O

x>

and considerable

sales of

some

Stock of Print Cloths—

Sept.

14,.

1887.
Btpl.lT.

Sept. 15.

O

95 00 to

H*bO

1«4,000
72,000
62,000
85,000

22,000

383,000

M

oco

1^ 01

Ot

M "i-vi'^O
O to C
a

ceo

too

c

-J.
-t-

c/i

h- to

00

<X>

O

O

OOJ

CO CC 09

_-JCO

Mao
tow
^to
X01

M -J X O

to
<•£

X

O
X

ac*3

COO

g

steady and without quotable change.

Cfl<l

to

C
<yi

9. 00 O'

*»"

h-CO

*- M
tool
Oh-MMtO

oo

Laws and

'J0>

1887, Under the

Htatutes ot the 8tate ol
New York.;

membership.

N. Y.
C.Cornwkli*. Cash'r.

Capital. ...8300,000 Surplus
8300,O0U
This Bank has superior facilities for maklnt; CoU
and out of the city on the most libera)
terms, and with careful attention to the best inter

CORRESPONDENTS:— Importers* & Traders
Bank and Chemical National Bank.

tional

COUKCIL.
James T Anyon. N. Y.
Thomas liagot, N. Y.

John

TIelns, Philadelphia.

Mark C. .Mlrlck, N. V.
liouis M. Beriithell, N.Y. Rodney McLaughlin, Bos'.
William Calhoun, N.Y. C. H. W. Sibley, N.Y.

George H. Church, N.Y. Walter H. P. Veysey. N.T.

James Yalden, N.Y.

reLLOWH Ut -LUB ASSOCIATION.
James T. Anyon, Louis M. BerKthell, Thomas
James Cox, William Calhoun. George 11.
.Church. C.W. Uaskina, U. F. Munro, Mark C. Mlrlck.
C. H. W. Sibley, Uenry M. Tate, William II. Veysey.
Walter H. P. Veysey, James Yalden, New York
Richard R Stevens, Jersey City, N. J.; Horace D
Bradbury. Rodney McLaughlin, Henry A. Piper"
Boston, Mass.; John W. Francis, John lleins, Uenry
Kelly, PhUadelphla, Pa.; Brio M. Noble, Washing
ton, D. C.

Ofllceaol the Aaaoclatlon, No. 1^0 Broadwar, Room 31 («ih Floor), Kew York Clli

Capital,

$100,000

WILLIAIM FRANKLIN HALL,

—
OM *-OiMO w
J*^^

OOi-

^ix;

made at liberal

J. S.

rates.

Alexander,

A. A.

Pres.

NOTAUV PUBLIC.
WALSH & FLOYD,
NO. 28

BROAD STREET,

STOCK BROKERS.

Alexander, Cash'r,

Texas National Bank,
SAN ANXONIO, TEXAS.

9J-fc ti O^
M CO f- ;!

OOM
tox

(-^

OS CO

MKCCtOCD
(f^ocoyto

cotoiott-w

te-

03^
CO-

MtSMtO
Mio-gxto
01 ^i 3i

wm voo

)^ 00 to

)f*'

© to 9) -•
QOtOO-I"^

COCO
013D

-"fl

o»^oib»

cc

y<

cc;ccO"9iO

aoo =.«*•

CDU<O3&0U

Il>.t0

:;»

i.<aDpC.OD

)-'

F.

Blankinhorh,
Caahlv.

H. A. 8HITB,
Assistant

Vice-Pres't.

Casbln

The Western National Bapk
OK TUB

CITY OF

NEW YORK.

CAPITAL,

»3.300,000

Accounts respectfnlly solicited. Interest allowed
on deposits of Banks and Bankers. The nana
bankiUK facllltiei extended to cnstomers.
Orders for porchase or sale of teoarltlM wU
recelre careful attention.
ForelKU Kxcb^>nKe bousht and sold. FaailltlM for
Keeping aocounts In Sterling Exchange, subject to
(Iraft in kind, will be afforded. The methods of r«oelTlnR snch deposits and makloK payment against

them

will

be subject to arranKement.
DILLS DKAWN ON

THKNATIONAL PROVINCIAL BANK)
> L*Bd*n
OF ENULAND (Limited.)
THE UNION BANK OF LONDON (L'd).)
HEINE A CO., ParU.
JOHANN QOLL * BOEHNB,

Frnnkfart-OB*
main.

BLKICUKOEDBR. Berlin.
8CHWE1/.ER18CUE U.NION BANK,
a.

P.

BLANKENHORN.

St. Gall.

Caabler.

COLLECTIONS AND INVESTMENTS MADE.
Correspondence inrlted.

THE

MERCHANTS' NATIONAL BANK,

Assets State Debenture Co,,
43 NEW STREET, NE^V YOUK.

RICHinOND, VIRGINIA.
Collections made on
terms; prompt returns.

JOHK r. QLINM,

The

ACCOUNTANT.
creditors carefully arraiiKed.

"oa-ioci JO

,

all

Cash.

Boathern points on best

P.

BRANCH,

President.

FBID. K. ISCuTT, VIoe-Pres.

CapllalKflnt

Ueue

...

t3OO,00O

BLOODGOOD, President.
SELWIN TAIT, General Manager.

H. K.

Boston,

Books and accounts audited and adjusted
Bettlement of Insolvent estates on behalf

Surplus, 8100.000

I

Transact a peneral Banking Business in all its
branches. Buy and sell KorelRn and Domestic Kxehange. Make ('ollectioiis on all available pitinta
in Texas.
Hemittancos and Telegraphic Xransfers

JOHN

St.,

Cbicaxo

Island City Savings Bank,

Ba«fot,

244 Washington

Co..

NaNeit

GAI.VESTON, TEXAS.

Prmldent— JAMK8 TALDBN, New York."
VIce-Prca.-JOHN IIKINS, rhiladelphla.
Scc.-JAMES T. ANYON, New York;
Treas.— WM. H. VKY8KY. New York

ib <0 C" in 91
_<:;'y«_;o-ico

u»-».-c*»

lections in

OFFICEB8I

so,

-^li^OiCOtO

s

acrot-^i

BUFFALO,

;

w—

UDCDX-J-vl

OONKAD N. JOBrAN
President.
CBABLIS J. CANDA,

of Buftalo,

Vork
Merchants* Lohu & Trust
Union Bank of London. London.

.

^tnaticiaX.

ests of its correspondentB.

The bnstneBB and objecta of this Society are to
atsociate iuto a Society or Guild, the best ana
most capable PUBLIC Accountants practicinK In
the United States, and throuKh such Association to
elevate the profession of Public Accountants, as a
wbole, and demonstrate their usefulness by compelHoK an examination as to fitness, and the obserr*
ance of strict rules of conduct as a condition oj

*».

"coto

1

Incorporated Aaguiit

rf^

*»CJlCO

COCOlCQDt;!
M<IC0 0t9S

3 JD

financial.

Wm.

35
» KM

K

CO
CO
01

<f^^

<•;«

t0it»3SC0X
t5

tn

*-

9;*(^UU

*

WO'

*-Xi<IXC0-400

to

0:9iW91tO
!(» 1

c

9: to Ui

WW*-

OD

g

ti'-CH--iO

OiOCOOCO
C0

M

iflVt

*.—

(T)
or.

93>--^W03

*>
to

(-»

Mt5*.tC00

o

w o; 10 »

»*-c:-iyx)

»-»

00 1-

at

CC

05 <1

M

00

i-O
Oto
coo
to

-~1

*-co jtcnco

**^09iM

00N-CCO-*

cco^

w

rf*.

CO

o

M

If^

.-r

Cfi

H- cc 00
ctrfi-b

^ CO *j -x c;

;»

IP -O -1
Ci hO

-J

£ CO '' S

i^

c;i

CMM
M

10

o-^ioW
—

CO
CD

§

S3 cKotaacn
coo*
to 03

USmii-'tLn
coco-tf**.

MiO-tO

5
c
H
B

t- 03 *» -1 91

'COCO

^
to
u
u
w o
«

M

C4

1

Ci;to

,_
to

K
K

to
l-'C;<K)03QD

s
TO

"xo-^rf-

Vxtocc-1

V

to

o:-^:;tcM

MM^IOOO

^

9e

VIM

IOCS

'V»

00 8-

£

c:co*— V 10

COrf^CCtOM

«1"

n S)
a o

tou»o<i

S
3

ccto

CO

p*»

o

*

«

OMMMtO

OS

ucccncoa

20,000

8.8. JEWITT. Pres't.

o: 4. CO

tvXl^tCtO

to

OOM

-0!

-1
01
Ci

Foreign Dby Goods.— There was an irregular demand
for foreign goods at first hands, and the jobbing trade has
shown lessened proportions, owing in a measure to unfavorable weather conditions.
Considerable orders for certain descriptions of spring goods were placed with importers, but
spot Koods were more quiet than otherwise. Prices remain

PUBLIC ACCOUNTANTS

•^

I*-

Ik to

to

>.

8'',000

Bank

*-^ :o

%.

AtOCD

(t- t-t

OF

!

M *. to

oicn

I?

«-•

'/.

^x^oo»

ccto

u

o

260,000

American Association

© o iCi0S-,0H-O

H-K-c:*-!**
1

M

Cii

O -^

w
tOpTCMp

104,000
48,000

203,000

acciutoM

to~j
too-

ifl

CO

rf""

o> 9i

ceo
CO-I
wto

Sept. 18.

10,000
None.
None.

^twaucial.

e;

1

P

u

u

12,()(I0

Total stock (Pieces)

:

§

41

^>

cob'coa**

acco
*49S

1886.

Providence manufers. 184,000
...
10,000
Providence speculators
None.
Outside speculators (est)
9,000
1)V

Fall River manufacturers

:

:

1
1

OM M

CO Jf

%

Held

*J

descriptions, as shirting

1888.

:

M

domets, biown sheetings, bleached shirtings, etc., were
made to converters and the manufacturing trade. Tne jobbing trarie was less active than in the fore part of the month,
but it is quite probable that rather more than an average distribution was made by leading jobbers. Prices remain unchanged and for the most part s' eady, stocks being well in
hand as a rule. Print cloths ruled quiet and easy, at 3J.^c, less
per cent for 64x64s and 3i^c. for 56i60s.
1889.

:

:

cc

CJ«

have

been 16,044,386 in 1889, against |6,540,963 in 1888.
Plain and colored cottons were in moderate demand by jobbers,

E

s-llis
;;:::?

c

QCCCUtOCO

cam
1

R-

to

139,748

January

B:
:

S:
8:

•._
»-•

8 1,279

since

:

i

1 £.
S:

•&•

OJO

1,425

Total

s

ps

E

ISP?

3,341
1,829
38.436
6.S74
10,188
2.703
10,038
3,930
4,257
25,587
1,786

730
300

3,688
10,<08
2,902
4,336

Africa
Oiutral Aiucrioa...

151
15

7,130
1,355
32,147
4,191

China
Inrtia

Week. Since Jan.

1.

we«k

ending Sept. 10, 1889, and since Jan. 1, and the same facts
for the corresponding periods of last year are a.s follows:

Sei'T. 17.

Week. Since Jan.

of dry goods at this port for the

Tho importations

packagfs, valued at $693, .553, their destination being to the
points specified in the table below

New York

Dry tioodo.

IniportatloiiB of

Domestic Cotton Goods. Tlie exports of cotton goodn
from this port for the week ending September 17 were 1,425

M. L. BCUDDBK,
o(

340

I.A

Agency

Investors'

SALLE

JB.,

ST.,

PBOPKIHTOB,:

CHICAGO, ILL.

THIS AGENCY

reports upon tho alfalrs of Corporations— Kallroad Companies especially— for
clients who may he aaanal subscribers
;

And

handles (or collection Defaulted Bonds,
Uncurrent.Stocks and SecurlMes, and kindred
ilabtutlei ol Corporatioag,

J.

The Directors are prepared

to purchase, for cMli

and to make adraneea
on approved securities.
Bankers, Lawyers, Executors and Trustees will
Bud the Company an advantageous medium for the
prompt disposal of assets of every description.
The Directors are also ready to undertake the
assets of insolvent estates,

management of estates or properties for minora,
non-residents or others, and to close and wind up
utates.
rrospectoB mar be b&d on appUoatton.

THE CHRONK.^LR

nHli

^ruBt

^vnst

^rttst (SiompvinitB,

iS'Omxfnnits,

Union Trust Company Manhattan Trust
OF NEW YOHK.

...

78 Broadway,
'A PITA L,

DRPLUS

cor.

CAPITAI^,

Rector St,N.Y.
f 1, 000,000
•
3,241,000

Aooepta the transfer ajrencr and racist ry of stocks,
and aota aa Trastee of mnrtuaues of corporations.
Allows Interest on depoHitit, which may bo made
kt anytime, and withdrawn on tlve days* notice,
with Interest for the whole time they remain w 1th
heeompany.
Fortne convenience of depositors this company

J. I. Waterbury. V. Pres
F. O. French, President.
C. W. Hasklns, Secretary. A. T. French, Treasurer

also opens current accounta sabject. In accordance
with Its rules, to check nt slcht, and allows Interest
poi the reanltInK daily balances. Such checks pass
^ipon
hroi
^mth the Clearing House.

ALLOWS INTEREST ON DEPOSITS. EXB.
CUTB8 TRUSTS OF EVERY DESCRIPTION
REGISTRAR AND TRANSFER AGENT

—

TRUSTl^Bfl
James M. Mcliean,

Ambrose C. KlnBsland,
James H. OkIIvIo.
J.inie.i T. Woodward,

B. T. Wilson.

Wm. F.

Russell,

Wood,
James N. Piatt,
D. C. Hays
C. D.

C. Vanderbllt,

Wm. Alex, nuer,
Charles n. I-eland.
Edward
it.

The Brooklyn Trust Co.,

n. f rothlnghani,
George A. Jarvls,

I.

Cor. of

A. A. r^w,
G. G. Williams,
R. 6. Remaen,

Kinn,

B. Wesley,

Schell,
Amasa J. Parker,
Bamuol F. Barxer.

georKe B. Carhart,
Chauncey M. Depow.
Geo. <'. Moxoun,'
H.Van Renniel'r Kpnnedy.W. KmlenRooBerelt.
E. B. Wesley,
C. D. Wood,

.CHays,

A. C. Klnusland,

KDWARD

JAMES

.

A

KINO, President.
M. Mclean, First Vloe-Prea't.

» „ JAMES H.OOILVIE, Second VIoe-Pres'tf
O. HONALDSON, Secretary.
A.W. iJku.eT Assistant SecreUry.

Company

for

RIPLEY ROPES, President,
ED.MUND W. CORLIES. Vice-Pref.
JAS. KOSS CURRAN. Seerctary.
FRBD BRICK C. COLTON, Asst. See.
TRUSTEBS.

OF NEW YORK,
Joslah O. Low, IJohn T. Martin,
AIat M.White, Fred. Cromwell,
Alex. M WrtiitA h'rnd C#%m^voIl
John P. Rolfe,
A. A. Low,
45 and 47 Wall Street.
Mich'ICIiauncey. E. W. Corllea,
CAPITAl. AND SURPLUS, - «!S,UU0.000 Wm. B.Kendall. U'v K. Sheldon,
This company
a legal
dep<isltory for

is

is

moneys

B. F.

Kuowlton

C.

D.

Wood

J.J. Pierrepunt.

INTEREST ALLOWED ON DEPOSITS,

The Finance Company
of Pennsylvania.

Rx'ictirnrs, administrators, or trustees of estates,
to the transaction of
BnsliesB, as well as religions and benevolent institutions, wid and this company a convenient depository for money.
A. STKWART, President,

»nd WOMEN unaccustomed

133 nnd 137 South 4lh St., I'hilailclphia,
Chabtbr Perpituai.

JOHN
GEORGE BLISS, Vice-President.
JAMBS a. CLA HK. Second Vtce-Pres't.

WlUonO. Hunt
Clinton (illbert,
Daniel I>. Lord,

Bamnel

TItnSTEES

P. Stokes*. Alex. K. Orr,
Ki.bt.B.Minturn. Wra.H.Macy.Jr.,
H. Warren. Wm. 1). Sloane,
Oeorue Blisj,
(!. H. Sniiwab,
'ieo.

Wm. W.Phelps,

D. Willis James. \Vm. l.lbbey,
Frank Lyman,
John J. Aator.
.John C. Brown, Geo. F. Victor.
John A.Stewart. Edward Cooper,
H. B. Lawrence, W.B'y'rdCuttlna
HKNKY L. TIKIIINBLL, Secretary.

Amsterdam,

j

LOUIS G HAMPTON.
I.

Negotiation of railroad loans a specialty.

SIMON A. STERN, Treasurer.
BUSSELL 8TURGIS HUBBARD,

Holland Trust Company,
No. r Wnll Street, New York.
Capital, 9.:j00.noo.
Sinplna, !S;360,'J13.

Secretary.

Trust & Savings
Bank,

Illinois

I

C01{HKSIM)XI)KNT8:

Twenlscho Hank, Amsterdam. Holland,
« BIydenstein & Co.. London. Enuland.
.
Allows Interest en deposits; and interest on balances of active accounts of merchants iiiul others.
IranaactsaKcncral tjanklM^' biLsinei-s.
Lend.s money on promissory note, with New York
,B.

.

This Bank

directly

Is

under the

supervision of the State of

DKl'OSriMJUY

for Court

;luri8dlction

Illinois, is

Moneys, and

is

and

a LKGAL
authorized

to act as TRUSTEE, EXECUTOR, KECEI VKR and
ASSIGNEE for ESTATES, INDIVIDUALS and
CORPORATIONS.

John

President.
B. Drake. Vice-President.

Wm.

u

FairchUd,

C. C. Baldwin.

S uartG. Nelson,
M. C. 1>. Borden,

Loomis

L. White,
Jas. J. Hill. St. Paul, Minn.

Hudson
Roswell

James

Iloagland,
P. lyower,

stillman,

A. Backer,
John King.
E..\.GIbbs..Vorwlch,Conn
S.T. Ilauser.IIelena.Mon
M.H.Kolger.Kingst'n,Ont
Daniel S. Lament,

Aug. Kountze

JOHN

LAMSON,

L.

Secretary.

THE

WASHINGTON
TRUST COMPANY
of the city of new york.
Stewart Building, 260 Broadway.

CAPITAI^

$300,000
$•^30,000

DAVID

CHARLES F. CLARK,

M. MORRISON,

Praident.

FRANCIS

Vice rrevident.

U. PAGE,

Secretary.

TRUSTEES:
Joseph F. Kn&pp,
Diivid M. Mi»rriaoD,
Henry H. Ropprs.
Charles H. Russell,
Georkto H. Prentiss,
Joel F. Freeman,
L. T. Powell,
Georfie L. Pease,

Wra. H. Hall.
Patrick t'arrellr,
E. Hamlin,
Loiinsbury,
P.
('buries F. Clark,

George

C

Then. A. Iljivemeyer,
Seth E. Thom««,
Lucius K. Wilmerdiug.

By the provialona of it» Charter this Company ts
authorized to receive dfposita on time, or subject
to check throufth the New York Cleiirinff-Uouse;
allow interest on rtnlly balances, and frpecial rat,«8
on. deposits reraaiuinp a » ecitied time; issue certificates of deposit act as Executor. Administrator,
Guardian, Trut>i,ee, Receiver, Fiscal and Transfer
Ajxent, and ReKislrnr of stocks and bonds, and do
any and all other business usually done by Trust
Companies of responsibility and btaudiug.

The Nassau Trust Co.
OF THE CITY OF BROOKLYN.
New York
101 Broadway, Brooklm, N. Y.
CAPITAL $500,000.

Organized under the laws of the Stnteof

Deposits received on time or subject to check.
Interest allowed on daily balances, and special
rates on deposits fur a-specided time.
Authorized by law to net as Executor. Administrator. Guardian, Trustee, Receiver, Fiscal and
Transfer A^eut and as ReKiHtrar of Stocks and
Huuds; is a IcKal depository for Trust Funds, and
for numeys paid into court.
Accounts of ReliKious nnd Benevolent luatlta
tions, Societies and individuals solicited.
Checks on this Company are paid through the
New York Clearing House.

Telcuhono, 900 WUIIniiiaburir.

WHEELOCK,

President.

Darwin R.James, Bernard Peters.
H. H. RoRera,
Wm. E. Horwill,
Geo. H. Pretitiss.
E. B. Tuttle.
Juhn Truslow. Jno. T. Willetts,
Thos.F.Rowland,Chas. H Russell.
Ditmas Jewell. John Louirhran.

UK

Dl RECTORS
Wm. H. Mitchell,

John B. Drake.
John J. Mitchell,
John .McCanery,

C. J. Blair,

Wm. H.

Keld,

L. Z. Lelter,

John Crerar.

SECURE BANK VAULTS.

&

Low. M. Palmer,
Joseph F.Knapp,
Joel F. Freeman,
Wm. F.Garrlson,

A. D. Whcelock,
T. Hulst.

Edwd.

Trust Co,

I'lIII.ADEI.PIIIA.

Incorporated TUird Mo., !«d, 1S85

(CHARTKIl PEKI'KTUAL

:

)

CAPITAL

81,000,000
ASSBTS, $22,690,592 98
ANNIIITIKS, RRINSUUKS LIVES, GRANTS
CEIVKS MONEV ON DEPOSIT, rcturjiable on
demand, or on which interest is allowed, and la
empowered "by law to act as EXKCL'TOH, ADMINISTKATOU, TKIISTKK, GUAUDI AN, ASSIGNBK
C'O.MMITTEK, KBCEIVEK. AGENT, etc., Vor the
faithful i>erforiuancu ot which Its capital and
BUrulus fund furnish ample security.
All ti-ufit funds and Investiuentsare kept separate
and a|>art from the assets of the coiuuany
The Income of parlies residing aOroad careful
collected and duly remitted.

SAM'L

«i1,000 00(1
O.iO.OOU

8feoret»«r.

S.

Wm. H. A|)pleton,
Wm. L. Strong,
Wm. F. Buckley,
Wm. A. Booth,
Wm. H. Tilllnghast,
Wm. H. Beers,
Wm. I,. Scott, Erie, Pa.

Provident Life

New York.

TAPl'tN, Vice-President,

TRUSTEES.
Chas.

H.Mitchell, Second Vice-President.
S. Gibbs, Cashier.

George Sturges,

WELDED CHROME STEKL AND IRON

Designated as a legal depository by order of
Supreme Court. Receive deposits of money on

CUAJtLKS M. JESUP,

Trust funds.
Executor, Trustee, Adnlini^tr.<^tor. Guardian, and
Receiver. Takes entire charge of Heal and Personal Estates.
Acts as Register and Transfer
Agent of all Stocks and Bonds.

James

Metropolitan Trust Co.,

J.I'KP.KRIC

1st VIce-Pres't.
L. STRONG, 2d Vlce-Prest.
Is a lo/al depositary for Court and
Allows interest on deposits. Acts as

WM.

OFFICERS:
J. Mitchell,

John

II.

Interest, act as nMcal or Irun^ler agent, or trustee
Tor corporations, anil acnept anl execute any legal
trusts from persona (jr corporal ions, on us favorable
terms as other siniilHrcompxiiles.
lULI-lIoUSE, President.
'i"i,'2i',^.^

APPLETON,

H.

*

KOHEKT
ituosKVKLT. President.
JOHN D. VKKMKULE. Vice-President.
OBO. W. VAN 81CLKN. Secretary.

,

BOND'.

«300,000 00

Prcs't.

Company

Tills

A. D.

George t.llodgnjaii, wil|,„m llemsen. I'cter WyckOir, W. D. \ an VIeck. Dimi.l A. Ileald.

»nrp M.

....

IN

FAIRCIIILD,

S.

WILLIAM DICK.
CIIIC.IGO, ILL,.
v,„„ t^^«„h„
JOHN TRUSLOW.t Vice-Pres ts.
O. F. UICHARDSON. Secretary,
CAPITAL. AND SURPLUS, - 81,700,000
TIll'WTEKS:
Wm. Dick,
T. A. IJavemeyer, C. D. Wood
INTEREST ALLOWED ON DEPOSITS.
A. D. Baird,
F. W. Wurster,
Wm. II. Male,

or Brooklyn appraised real estate first mortgage,
wHh title Kunrantoe policy, a.s collateral security.
Foreign bills of E.\cbango bought and sold.
Becurilles bought and ."old and orders for same
•zectjted on conimi.«sion through its correspondents In London and Amsterdam and on all Continental Bou^^es of Knropp.
Kxecutor, Trustee and Guardian, under
-M."'.** the Hxed
*•"•. fpr
statutory charges; also as KeglsW»r, Trastee, Transfer and Financial Agent for
Btates, Cities, Ilaiironds. Towns, and other corporauons, and for Ileal Estate Mortgages with Coupon
^i?£S n New Vorl<, Brooklyn, and elsewhere.
(XiUaots Rents. Coupons and Dividends.
SSSViJfJLF." •^''"'' ''"•>' "V ""il Corporation loans.
TKUS'l KK(5-0lirretl A. Van Allen .lohn D. Vermeule, Warner Van Nordcn, John Van Voorhis,
Hooper C. Van Vorsl. W.W.Van Voorhis. lames b!
Van '^V pert. Geo. W. Van s<iclen, o. Va» Nostrand,
James Roosevelt, lohn It. I'lanlen. Augustus Van
S,'.'?'!."?."''',,^^;"""'"''^"'-"''- ••• W. Vanderhorst
Kuyt, lUibcrt B. II. osevelt. Henry W.o. Kdye. Uoo.
M. Van IIoBsen. Joihani (ioodnow, William Dowd,

S» Wall Mtrcel,
„
PaU-IJp Capltnl

CHARLES
WM.

etc.

WHAKTON BAKKKH, President.
CHAULEMAONE TOWER, JR., Vice-President.

Assistant Secretary.

.... STATES
1^1,000,00000
UNITED

;

$5,000,000

Conducts a general Banking Business. Accepts
the transfer agency and registry of stocks. Acts as
Fiscal Agent for payment of interest, coupons, Ac,
and as Trustee of Mortgages of Corporations.
Allows interest on daily balances of accounts of
Banks, Bankers and others. Buys and sells foreign
exchange, drawing on BARING BROTHERS & CO.,
London; HEINE 4 CIE, Parts; HOPE A CO.,

:

Anson

Sloan,

Ja^aes I»w,

....

CAFlVAL

Erastus ronilng, nhas. S. Smith,
.Johnll.llhoade.H, VVm.Kuckefeiler,

INVESTED

SURPLUS

Ripley ROpeS
Abram B. BayTls

authorised to act as guardian

Which may be made at any time and withdrawn
after Sve days' notice, and will be entitled to Interest for the whole time they may remain with the
company.

CAPITAL

[Wm. H. Male, *"

H. W. Maxwell,

Security and

Trust Company,
46 WALL SXRKET.

is

money.

United States Trust Co.

paid into court, and
or trustee.

Br'kltn, N.Y.

authorized by special charter to
act as Receiver, Trustee, Guardian, Executor or
Administrator.
It can act as agent In the sale or management of
real estate, collect Interest or dividends, receive
registry and transfer books, or make purchase and
sale of Government and other securities.
Religious and charitable Institutions, and persons
unaccustomed to the transaction of business, will
find this (Company a safe and couvenieut depository

This

BXKCUTIVB COMMITTEE:
_ Whltewrlght,
Wm.
G. O. V^llliams,

James Mcl.ean,
geo. C. Magoun.

Sts.,

...

Kdwnrd

p. H. McAlpln,

Montague A Clinton

CAPITAL (all In U.S. Bonds) • 81,000,000
SURPLUS exceeding
1,000,000
INTEREST ALLOWED ON DEPOSITS.

©trtiip antes.

New York

SI, 000,000

,

Francis Ormond French, New York.
U. W, Cannon. N.T.
B.J. Cross, N. Y.
H. L. lligglnson. Boston. John R. Ford.N. Y.
August Belmont. Jr., N.Y.T. J. Coolldge. Jr., Bos.
James O. Sheldon, N.Y.
B. D. Uandolph, N. Y.
A. 8. Hosenbaom. N. Y.
C. C. Baldwin, N. Y.
Sam! R. Shipley, Phlla.
Chas. V. TagrN. Y.
John I. Waterbury, N. 1i
Wilson. N. Y.
R. T.
Henry Field, Chicago.

A LBGAL UKP08IT0KY FOR MONBT.

Henry A. Kent,

.

Co.,
NEW YORK.

ST.,

DIRECTORS:

•
Anthorlied to act as Kxocator, Adminlatrator
0aardian. KecelTer. or Trustee, and If

Wm. Whltewrlght.

WALL

No. 10

XLIX

[Vol,

In

Round and

Flat Bars, and 6-nly Plates
*C.

FOR SAFES, VAULTS,

Cannot be Sawed. Cut or
i

|

I

CHROHE
CIB0VI.AI18

FRU.

Drilled,

Hurglar-Proof.

and

and Angle
positlveli

T.

H.

SUll'LKV,

WISTAH BllOWN,

ASA

S.

l-resldent.

Vice-President.

WINti Vice-President and Actutry

Joseph G. Martin,
CtTOCK BROKEit,
IN INVESTMENT SBCOaiTIBS
8l»te BtTMt, Be.ton,

iiTEEL ^VORKS,
AND DEALER
^»• 10
BROOKLYN) M. ¥•