The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
AND
HUNT'S
MERCHANTS’
% WjCJCfeltJ
)
MAGAZINE,
ghWnSJUlpn,
CONTENTS.
CHKONrCEE.
Weekly Railroad Earnings
THE
Clearing House Rrturus
The Financial Situat’on
Tlie TreiiHury and tlio .Money
Market
*
The Decline in ll iilr- ad Rates
in the United S ates
New Yrurk Grain Mo vein* nt..
3v-3
;.»8i
3-7
338
GAZETTE.
Prices of Active Tlo:.<ls at N. Y.
Stock Exchange, and Range
since Jamm y 1, 1887
Prices of Inactive Ronds
Local Securities
Railroad Earnings
Investment :«ml RailroadN< ws
State aud Railroad Hoads
and Steel-s ;
Range in Prices at the New
York Stuck Exchange
{lie two
years, or a
gain of 17*1
Week
3V»
+ 6-5
$
502.0 .-.7,925
+ 8-1
(1,641,69?+
(+92*7)
(+71-3)
(-11-0)
(50,454,000)
(—8*8)
(296,406)
(12,''02,* >60)
(2^,842,006)
(-86-1)
bbls.)
(1.701+44)
(277.906)
(29.7»'-0,l6.)
(55,805,000)
(-12 4)
bushels.)
(1,492.744
(4 76,100
(20,290,7evf
80,740,28'
73,203,823
+ 10-3
65.102.028
■1,472,10(
1,531.521
4,299.900
-i -l 0
1,414,893
1,216.079
913.135
+
*72,400
l,467,v 17
1,21 *,974
shares.)
botes.)
(Petroleum
Boston
Pr vihence
Hartford
do
do
11 28
£A 7s.
£1 8s.
Subscriptions wn. be continm .'t until definitely ordered stopped. The
publishers cann<*i bo resp.msioie tor remitiauccs unless made by drafts
Post Oilir* Mniii-y i v-io e.
These price. i lm-i idu ; ho fxvKSTOkS’ Supplement, of 120 pages
Issued once iu two ai-'nlle, and furnished without extra charge to
subscribers of the tiuuoxrccK.
A tile cover is Vurmskcd at 5*'> cents; postage on the same is 18
or
Vo.lime.- bound for subscribers at $1 00.
London
Messrs Einvunu Sc
Agents:
8m:
subscriptions and udvvt
i n. 1 Drapers’ Gardens, E. C., who
iis;; • .cuts and supply single copies of
will take
the paper
at Is. each.
william
n.
i >an \.
JOHN O. 10.0 VJO.
S
f
Wlf/TilS “4
<*. DAN’A Ac Go., PubliNliers,
leg IViiHam Street, M-bV AOttiv.
Post oi itck Box 958.
ULUS RING
IfO USE
RETURNS.
aggregate the' ■ink clearings for the week ending
September .17 are of a very satisfactory character, tli present
total exceeding Hint for the previous week by $85,353,850. All
but eleven of the cities .included in our statement participate
in t It is increase, am! at six of these eleven the falling oil’ is very
slight. In fact, (lie mil . point at which the decline from last
week is worthy.ol notice is Philadelphia, and an explanation
of it is easily found hi the .interruption to business oh account
of the Ccnti iink l * » 1,-bral i<>n.
The Southern cities are feel¬
n crop, which this
ing the ( fleet of the movi ment of the cotton
in •ltivnrm-imK'
year is much earlier and larger in volume than in any previous
In'the
nn
season.
Ill
comparem
who
! i
Wo-center
924.759
1,0.‘O,2l6
010,428
1.389
808,221
+ 25-0
57. V 199
+ 7-6
905,983
7 i 1.219
91*'. 13,
5
..
4on NT
are as
follows: (fair
more
o*4, Philadelphia I'7 and Worcester 2*1 per cent.
percent. Now Haven 11*1, Haiti
Car¬
and 1884, we find that the
rying the comparison back to 1885
present figures show an excess of about 30 per cent over the
former year and 31 per cent over the latter.
•i
Share transactions on the New York
Stock Exchange for
the week cover a market value of $88,484,000, against $97,As is our custom, we
330,000 for the week <*t last year.
deduct two-and-a-half these values from the New York totals
to arrive at the
Philadelphia
Pittsburg.
Bah irnore.
9 1
Total Middle
Chicago
Cincinnati
Milwaukee
I tel roit
8 8-0
+1)+
74,043,219
+5"8
56,405.302
—1-7
57,900,246
+ 18-14
7.512,157
+ 3.-5
9,386.8 * 1
11,1 lv',699
t-26‘1
5-1
70,014,583
77,021,582
—1-3
78,399,21*6
+ 15-1
56.7U8.602
40,*v.,8,er>0!
-f 11*8
+ 136
,s »+!
+ 1*8
+ 13-3
+35-8
13.104.223
-
58,727,075
51,827,048
+ 13-3
10,4*17,650
9,987 ,*'.56
3,93 1,880
+ T8
3,2*6,214
1,214,170
+260
+ 45-8
2.057,474'
+2+7
+ 9"3.
+51-8
-+46-.8
Indianapolis
1,770,617
3.307,907
2,4 73,9,->9
Wichita.
Duluth*
-f
.
,*'76.380'
2.1*86,185!
1
St. Louis
St. .Joseph
New Orleans
) ouisville
Kansas City
8-11
028.2 3
470,4**2'
Total Southern,
40,510.011
30,118,210!
San Francisco....
18.507,128
1
950,124,926
<889,270,4'■'2!
298.901,38 ii
Outside
New York.,
Nut. included in totals.
our
+ 114-3
+ 116
+7-5
18,700 "40
1,231,7.31
5,3 U, 95
+0-8
+ 21-4
+24-1
-i 47-2
+ 310
+ 208
usual
0.4 >0.07 I
+ 16-6
7,; >3.7 75
+ 81*3
1.2 5.057
|-51-3
-2 71
!
+ 38-0
1
1.050,'. 51
553,436
+ 19*2
4.414,841!
>27.4 90.134:
liave received
716 RSI
3,71*1',DOS'
“f*M" 4l
+-9-3I
5,885.867
4.201,817
5,502,405
19*17.181
1+93,(4 b
1.509,967
1,379,907
Total all
07-.0 5
+4.8-2
+ 25-9
-j 45-4
97,0 J 1,352
1.153.467!
7.368,51!
Norfolk.
-34
3,71 ..8blf
2 38-,7 ‘Si!
+14-9
16,972,590,
1,181+91
5,885,9-;o
4,976.4 1
Memphis
-, 18-1
+37-8
2,61 7.111 *vj
+ 4 7"5j
+ .00
+ 261
7,922,412]
s
17,597,13'
I (ialve-ion
4-1-1*4
1,21):, 153
1,8;1)312
271.7 70
101,059,‘22 4
Total Western
-f 30‘2
2.111.170;
+ 125-0
/
—4-0
.0.17-..KUl
3* 1
222 52i
2*51,025
Topeka*
Wo
-+■
2,308.6.'-3
•783, ‘‘01;
2.14 1,124
4," 17,99*)
1.7*19.19 J*
8,867.26 4465.092!
1,196,125
3.015,840
4,-144,157
2,010.219
3,058.510
M 7,1*35
736,500
I lenver
St. Paul
Grand l Lap ids
+ 12-1
+ 2-4
83,427,339
Cleveland
Columbus
Peoria
Minneapolis
12-4
+ 30
—10-6
91,392,038
4,004,721
Omaha
+
03,748,145
9,-* H+321
12,390,' 67
4.653,411
.
+ 6-9
-3 2
—79
+
28'1
IS 6
4 27‘7
42,144,98"
15,926.356
j'
J
+
—
9-.S
870,771,070
_+T9
308,145.1451
4 13-4
telegraphic returns of
ex¬
changes for t lie live days and they exhibit an increase over
the
five
In comparison with
days of the previous week.
.the similar period of last year the aggregate for the seven
cities records a loss of 3*0 per cent. The estimate for the full
these telegraphic figures, points
of 1880 of about 1 *2 per cent,
corresponding week of 188G, the ' Messrs. Ik (1. Dim & Co. report-the number of failures for
0*5 per emit,, and in the whole the week ended to-night (Sept. 23) as 183 (150 in the United
States and 27 in Canada), against 188 last week and 187 for
the excess outside of New York
gain at New i (li¬ re aches
-)
V,
pc
country it i
being 0*0 per *-. nt. V hiy cities continue to exhibit large permin ired
with last year, Wichita still
centages of hi crease
leading with \2s per ceui, followed by Memphis 54*3, Peoria
>lis 45*8, Omaha 40*8 and Norfolk
51*8, Denver 47*5, I n liaua'p
il
ieported at only five cities, and they
33*6 per eenty. Lo+is arc4
;
(•■•
-111
-2 1
941.011
(—2-9)
(—0*5)
3
8-3
1,076.245
t> 10
European 8aL-erip! ioi. (mcludiag postage)
Annual suhsot iprio.u in Lc-uJon (ineluding postage)
do
:
$10 20
tag* )
J
New Haven
Port land
Total New England.
tit—Payable in Advance
Term* of Mihserini
For One Y mr (mound - g »»<>■For Six. M. nri'S
d *
P. Cent.
1887.
590,306,038
Lowell
Chronicle,
<■*•>
Week Eud'q Sevt.lO
P. Cent.
1886.
*
Springfield.....
r4Bhe
cent.
028,684,78C
New York
Salts of—
( train
307
398
300
400
per
Ending Sept. 17.
1887.
(Stocks
(Cotton
BANKERS’
THE
being $407,424,780 and $347,041,038, respectively, in
300
Monetary
and
Commercial
English News
391
Commercial and Miscellaneous
News,
393
330
1,161.
reached
300
Bo de Notices
Money Market, Foreign Ex¬
change, U. States Securities,
cents.
NO.
SATURDAY, SEPTEMBER 24, 1887.
YOL. 45.
Six Mils.
THE UNITED STATES,
INDUSTRIAL AND COMMERCIAL INTERESTS OP
REPRE33NPING THE
exchanges due to other business, the result
week ended Sept. 24, based on
loan increase over the week
the
time
same
a year ago.
Week Ending Sept.
I'eturns by
Week EvaVg Sept.
24.
1836.
1S87.
P. (7. nt
*
500.299.967
Boston
08.089.01 4
57,260.1 "6
20 0
+ 5-8
+-2 1
+ 17 r.
Satestif St/ick (shares),
j
-
.
P. Cent
vs?.
*
%
5)2+12,895
(1,-04,180?
New York
-HO
M 1.91'',623
(2.837.830) (-81-.-9
(J. 146.:-85)
< 5, 94,759
+
1
>.259.490
Philadelphia
52,178,151
Baltimore
10.217,145
Chicago
50.160,000
49,573,551
1(*,*07,403
42,8 *1,000
&t.i^.uih
14,194,576
11.99+850
+ 18 4
4,738,968
4,585,228
-i 5 r>
4.: 0 4 901
748,311,318
152,206,138
700,506,245
-30
7*)?, *29.211
150,1 *2.2 l
825,517,41*'
97,120,104
900,772, 82
79.73 *+00
New Orleans
10,58 >.096
43.367.00-)
15.0 >7.37:-*
.
Toi ;ii. 5
days
•Estimated 1 day:
Total full week,....
Balance Country*
Total wp*+t. all
rur
uu
17.
Telegraph.
;
13
4,205,837
+13 4
—
+ 218
a
c»i < r,r»‘
aul. *»eeK, baaed un loaL
0-6
rc^uia.
j
‘
.
V.biM
V9.2
4 30
-I 24-3
1
d 6X5
67
+ 18-6
7-4
384
CHRONICLE.
IHE
THE FINANCIAL SITUATION.
on call as represented by bankers’ balances has
little easier this week.
The range has been from
Money
been
a
7 to 3 per
cent, with the offerings freer the last two days,
making the average about 5 per cent. In time money
there has been no material change; six per cent is offered
for sixty days to six months on first-class collaterals, but
there have been very few transactions.
tutions from whom
contracts have
Out of-town insti¬
heretofore
been
obtained, appear to be fully loaned up, and the most of
our banks are able to
do but little except for their own
customers.
The business doing in commercial paper is
limited mostly to interior banks in small cities and
towns; but in the aggregate the amount is larger than for
a week or two.
Hates are now quoted at 6£@7 per
cent
for
60
able;
to
90
day
endorsed
bills
receiv¬
7 to 8 for four months commission house
names; and 7-J to 9 per cent for good -single names
having from four to six months to run. These rates are
[Vol. XLV.
$1,581,000 on Tuesday and $468,500 yesterday, making
a total of $3,522,000.
We have received by telegraph from Mr. Switzler, of
the Bureau of Statistics, the foreign trade figures for
August, which are j ust issued. They show results as to
the merchandise movement similar to previous months,
that is, fair exports, but large imports and an adverse
balance of $10,310,000.
The figures for each of the
eight months of this year and the totals for the same
months of the three previous years are as follows, the
table covering gold and silver, as weli as merchandise.
FOREIGN TRADE .MOVEMENT
Merchandise.
.
Exports.' imports. of
ports.
1
s
Jan
71,534
Feb
Marcli..
5 1.77?
0*5.317
A
47,538
pril...
May
....
June.
..
43,236
47,957
„
Lx-
,
1
STATES-(000s omitted.)
Gold.
i
Excess
Year.
1887.
OF THE UNITED
hn.
ports.
Ex-
ports.
i
Silver.
Ext
ess
Ex-
of
Imports.
ports.
$
$
I Ol-
ports.
Excess
of Ex¬
ports.
-
$
$
19,583
51,951
59,156 *4,379.
02,894 2.423
63.581 *16013
58.66’- >15430
*
61,232 J 3 -75
*
56,601
7,209 '
65,136 *10310
*
1
£
$
3,536
629.
2,907
1,915
141
578
32 9
1,67?
+1,533
11,867
+ 1,165
2,351
1,191
1,332
1,654
2.647
1,218
436
1,417
1,230
2,445
1.494
721
1,019
904
297
607
1,925
1,384
541
505
2,177
620
+ 115
1,748
982
766
49,396
1,681 2,007
1,334
quality of paper, some names being quoted July
242
340
5.979
5,737
August. 55,426
2,058 1,718
as high as 15 per
cent, and others, but very few, as low as 1887. 135,211 479,821 "4 4610 j 14,152 7,900 6,252 16,305 1 0,579 5,726
431.594 442,919 *11325 9,936 40,050 ••30,114 47,125 1 0,376 6,749
6 per cent.
The order of the Treasury Department to 1886.
1885. 420,232 380,882 45,350
8.019 8,898
+279 22.^36 12,384 10452
purchase 14 millions of bonds, &c., issued Wednesday 1884. 452,329 4 38,545) 1 3,784 1 3,604 40,015 +26,411'17,938 8,820 9,11 8
Excess of imports.
t Excess of exports.
night, and which we remark upon in a subsequent
No one can examine these figures without surprise.
column, without materially lowering rates has given to
the money market a more quiet, easier tone. Tue response Here is a total merchandise balance for eight months against
to the offer has already begun, and in a liberal way, the us of $44,610,000, and if we add the ordinary estimate of
offerings having been about 3£ millions on Tnursday and 10 millions a month for undervaluations, freight, etc., the
balance due by us to the outside world is increased to
several millions more yesterday.
Tne
Bank
of
England minimum still remains $124,000,000; and yet notwithstanding that large debt
unchanged at 4 per cent, but discounts of 60 day to 3 we imported in July net $1,681,000 gold and in August
months bank bills in London are 3$- to 4 per cent, and net $5,737,000 gold, while in September gold is coming
the open market rate at Paris is
and at Berlin and in here by every steamer.
There have beeu no special unfavorable developments
Frankfort 2| per cent.
It thus appears that money is
becoming dearer at all the chief European centres, due in trade matters this week, though there has been some
mainly, we presume, to the free movement of gold to abatement of the activity which was such a prominent
America.
The cable reports that negoiiations have been •feature of the situation early in the month.
The difficulty
resumed at Paris for a Russian loan of 125 million in obtaining money
accommodation, though involv.
roubles in 5 per cent State railway rentes guaranteed by ing hardship to individual borrowers and concerns, is
the Imperial Bank of Russia.
If this loan should be having a salutary effect in checking the tendency
negotiated, it would be likely to further affect the Paris towards an undue expansion of mercantile credit. As
money market.
It is to be noticed that Paris is supply¬ we have shown in another column, the inability to effect
ing not only directly much of the gold for New York, loans is not alone due to a scarcity of available
but is making shipments to London as well.
We learn funds, but also to the policy of caution enforced
by special cable to us that the Bank of England return of among other things by the disclosures attending
The banks cannot be
this week, which shows a gain of £285,000, was made up some of the recent failures.
by a receipt from Paris of £214,000 and a receipt from expected to lend money with any considerable freedom
the interior of Great Britain of £121,000, and an export while they are conf ronted with so much evidence of over¬
to Lisbon of £50,000.
As there was no material change trading and commercial expansion.
Si ill, this is a
For the present
in the gold bullion in the Bank of France during tiie feature which will effect its own cure.
corresponding week, this movement to London must have it is sufficient to know that the volume of trade is above
the average for this season of the year.
come from withdrawals the previous week, or come from
The margin of
the open market. The Bank of Berlin since the last report profit, of course, remains small.
In the dry goods trade there is less animation in the
has lost £396,000.
Our foreign exchange market has been dull and droop¬ jobbing line than a few weeks back, but chiefly because
ing this week under the influence of a pressure of bills retail buyeis have for the time being completed their
drawn against outgoing securities,*the purenase of which purchases, though the money problem has also had some
has been liberal since the sharp decline in our marker, little
in
effect
checking operations except where
and also against large shipments of cotton.
necessary
accommodation was
assured.
In
It is stated the
that on Wednesday the sterliug exchange market had so the
iron
and steel industries a very active de¬
far weakened that gold imports from London were again mand
is
noted, though prices
not higher.
are
In
case-’
steel
the
of
rails, indeed, quotations are
renewed, although we have not learned the amount
shipped. Since then bankers here have been advised that barely maintained, though this is rather exceptional.
except when urgently demanded gold will not be sent for¬ Since the resumption of work in the Connellsville coke
ward, and this indisposition may result in another tempo¬ region, the production of iron has greatly increased, and
rary interruption to the movement.
The gold still in it is now larger than ever before. Hence it is that while
transit is estimated at about 24 million dollars, the arriv¬ the demand is heavy, consumption is fully able to meet
als during the week being $1,472,500 on Monday, it.
Special brands of iron are very scarce, and orders for
for
an
....
average
*
496
671
THE
1887.]
SEPTEMBER 24,
CHRONICLE
385
place, all the mills being reported known that the offerings of
per cents to the Govern¬
had
been
ment
very
small,
a
full, indicating that the prosecution of new undertakings of
recovery took place.
This
various kinds still goes on with great vigor.
There is may seem paradoxical, but the theory was that it would
perhaps a little uncertainty as to the future, based on the lead the Government to extend the offer to purchase bonds
fact that prices do not advance, and encouraged by the so as to include the 4 per cents.
As this proved to be the
belief that railroad building next year will be much case the very next day, the maiket further advanced, and
smaller than in the present year. Sail it should be remem- it has been quite strong since.
There have been no
bered that even if consumption does on that account fall developments affecting the intrinsic value of stocks, and
off, it is within the power of the manufacturer to counter¬ railroad earnings still continue very satisfactory, the
act the effect of that influence.
As is well known, our im¬ returns for the second week of September being much
ports of iron and steel have been very large the present better than those for the first week. The course of the
year.
But with prices low it ought to be possible to keep market, however, must remain uncertain so long as the
foreign iron out to a great extent, and thus the loss might future of money is involved in doubt. We are importing
be made to fall on the foreign rather than the domestic large amounts of gold, and the Treasury is now to make
producer. In the coal trade orders are very numerous, some liberal disbursements, but the wants of the interior
structural iron
are
hard to
and both anthracite and bituminous
is
in active request.
illimitable.
Until, therefore, a return How of
portion of the anthracite region continues currency to this centre sets it, permanently easy money
and the price of special sizes which are scarce has been cannot be looked f _>r.
advanced during the week.
The following statement made up from returns collected
At Chicago the supply of hard
coal is far below the requirements.
by us shows the week’s receipts and shipments of currency
Is not the line of inquiry at present being pursued by and gold by the New York banks.
the Pacific Railroad Investigating Committee unfortunate
Received by
Xet Interior
Shipped by
Week ending September 23,1887.
at this juncture?
X. Y. Banks. X. Y. Banks.
Movement.
It must be admitted that the Central
Pacific people have not exhibited the same willing¬ Currency.
$3,520,000
I,Ois..$ 2,401,000
$1,0115,000
Gold
The stnke in
a
aid the Committee in their work
ness to
seem
as
have the offi¬
Total gold and legal tenders....
cials of the Union
81,005,000
1,007,000
iL-i-s.. $1,007,000
ft,533,000
l Loss.. $1,408,000
Pacific, who apparently had nothing to
Tne above shows the actual changes in the bank hold¬
Committee, too, shows a not unnatural z?al
ings of currency and gold caused by this movement to and
m
seeking to probe matters to the bottom.
Tnat from the interior. In addition to that movement the banks
indeed is their duty, and is expected of them.
None the have lost
$1,300,000 through the operations of the Sabless, however, do we think their action unfortunate, ft
Treasury, ami have gained $3,4 00,000 through Assay
gives prominence to a state of things existing many years Office
payments for gold imports. Adding these items
ago, while the great need of the moment is to concentrate to the
above, we have the following, which should indiattention on the state of affai s of today.
Moreover, cate the total loss to the New York
Clearing House
while there is nothing new in the facts brought out—the
banks of currency and gold for tbe week covered by the
letters which Mr. Huntington is charged with having
bank statement to be issued to day.
It is always to be
written having been printed several years since—yet the
remembered, however, that the bank statement is a state¬
effect must be to antagonize still further public opinion
ment of averages for the
week, whereas the figures
against the subsidy roads.
Self-seekiDg politicians below should reflect the actual change in the condition
will not
hesitate
to
make
the evidence adduced
of the banks between Friday of last week and Friday of
a
pretext for opposing
all efforts for adjusting this week.
conceal.
the
The
relations
of
the
Pacific
roads
with
the
Government, hoping thereby to ingratiate themselves in
the favor of the ignorant, the prejudiced and the unthink¬
ing. Now, 10 those familiar with the requirements of the
situation this is reason for unqualified regret.
It is even
more
to the interest of the
of the
railroads, that
a
Government than it is
scheme for meeting the indebted¬
Existing provisions of law are entirely inadequate to that
In
end.
fact, the debt is growing larger each succeeding
year, and a continuance of that process involves a real
danger and risk both to the roads and the Government—
to the roads in jeopardizing their existence,
and to the
Government in impairing the efficiency of its lien.
The
only feasible plan for solving the difficulty that has yet
been suggested, is that of extending the debt for a
period
of years and making it payable in certain fixed instal¬
ments not above the
ability of the roads to meet. Per¬
haps the Commission will recommend such a scheme, but
in the meantime it is in the highest
degree desirable that
public opinion shonld not be further antagonized, and
this
we
fear will be the effect
those of the
of
such
examinations
as
present week.
The stcck market this week has been influenced almost
entirely by the varying prospects of the future of the
money market.
Eirly in the week when it was repre¬
sented that there
would be no change in the
Treasury
policy, prices sharply declined, and at times the market
verged close on to a panic. On Wednesday, after it was
Into Banks.
Out of Banks.
$l,065,o0b
11,300,000
$4,533,000
9,200,000
$12,3-15.000
$13,733,000
Xet Change in
Bank
Banks' Interior Movement,
as
above
Sub-Treas. opera, and gold imports.
Total gold and legal tenders
The Bank of
to that
of the roads should be devised and carried into effect.
ness
Week ending September 23, 1887.
...
lost
Holdings.
$3.468.000
Gain.. 2,100,000
•L
.$1,368,000
>ss
England gained £‘285,000 bullion during
£164,000 net received from
This represents
abroad and £121,000 from
the week.
France
Loss..
the
The Bank
interior.
of
francs
gold and gained 775,000
silver, and the Bank of Germany, since the ia3t re¬
port, shows a decrease of 7,020,000 marks. The following
indicates the amount of bullion held by the principal Euro¬
pean banks this week and at the corresponding date
150,000
francs
last year.
September 22, 1887.
S-
ptember 2.3, 18X0.
Banks of
Gold.
Silver.
X
£
£
England
20,075,8-H
47,277.914
20,90O,y7i018,588.030
Aust.-Ilung’.y
0.507.001)! 14,4N8,outi
Net herlunds..
4,327,0**0
Nat. Belgium*
National Italy
Total.
i
£
39.549,0uo.: |
i
£
j
21,408,30-1 j
Tota>.
Silver.
£
S.
j
£
19,002,890 15,550.110j 35,213,000
j 0,407,0'H- 13,090,o0u, 20.103,000
8.108,000 12,405,000 j 0,574,000j 8,112,001*! 14,080,000
1,250,000 3,751,000 j 2,?"2,<-l><>; 1.351,000; 4,053,000
2,501,000j
G,983.O0oi l.llS.OOO;
20,995,000
8,101,000. i
Tot.this week 109,232,772 91,451.340 200,6-4.112
Tot.prev.w’k. 1<*9,3.61,919 91,598,000 200,922,5-5
*
Gobi.
i
2''.(175,8881'
j 21,408,304
47,833,310 95,117.'24’; 54,840.522; 45,45»,8sl 100,297.343
....
France
Germany*
1
7,34s,OOOI
1.250.001*!
8,598,000
119.00-1,710 *5,409,931 204.418.647
119,057.970 85,033.42 V204,691,383
The division (between gold and silver) given in our table of coin and
bullion in the Bank of
the best estimate
Germany and the Bank of Belgium is made from
we are
able to obtain; in neither ease is it claimed to be
no distinction in their weekly reports,
merely reporting the total gold and silver; but we believe the division
we make is a close approximation.
Note.—We receive the above results weekly by cable, and while
not all of the date given at the head of the column, they are the
returns issued nearest to that date—that is, the latest reported figures.
accurate, as those
banks make
fVoz. XLY.
THE CHRONICLE.
386
the money pressure began, and as stated they were in
Assay Office paid $179,264 through tlie Sao.
great part its cause. Even railroad building—however
Treasury for domestic and $3,408,314 for foreign bullion
beneficent its continuance under proper conditions might
during the week, and the Assistant Treasurer received the
prove—has been of late marvelously rapid, running beyond
following from the Custom House.
the wants of the country where the main extensions
Consisting of—
The
Duties.
Late.
Cold.
17.
“
13.
“
20.
“
21.
“
22.
Total..
Silver Cer¬
Certijic's.
tificates.
Notes.-
88
$3,000
$40,000
$362,000
$40,000
51
63
51
99
01
4,000
65,000
48,000
6,000
55,000
317,000
370,000
6,590
85,000
8,500
7,000
63,000
51,000
$3,073,788 53
35,000
$364,000
$445,045
43-,540
471,222
785,879
477,113
458,986
Sept. 16
“
Cold
JJ. S.
Included in the above
348,000
40,000
47,000
56,000
52,000
2,386,000
$2-3,000
payments were $7,000
in silver
615,000
344,000
and in the natural course of events
less the coming year than the current
one, never mind how much currency might be put afloat.
It has been a very large but a very peculiar growth, and
therefore necessarily of short duration—not all over the
country, as was the last expansion, but in chief part con¬
fined to special localities, which accouuts for its being
have been in progress,
would progress
overdone.
sooner
instance, much more
months
fifteen
coin, chiefly standard dollars.
In
a
section of the
Northwest, for
road will have beeu built during the
ending with November than in a
like
notwithstanding the
with rails before.
The Treasury Department seems to have exercised its If now, as report says, some of the strongest corporations
discretion very wisely in issuing the notice to purchase 4 which have been engaged in this rivalry have concluded
and 4^ per cent bonds daily up to October 8 in the aggre¬ to go no farther for the present, it will be looked upon
decision that should be encouraged rather than dis'
gate amount of 14 million dollars, and to pay witoour,
rebate on and after the 2Cth inst., interest due October 1st couraged—a source of strength and safety to the railroad
and financial situation and the removal of an element of
amounting to (H million dollars. This action shows a
weakness and danger.
due regard for public and private interests, but no dispo
One should Lake the pulse of the street, mingling with
sition, even if the Dep-irtm ent had the ability, to keep alive
leaders
of opinion freely, if one would ga ige the extent of
or reanimate
the vicious speculations and overbading
length of time in any former period,
THE TREASURY AND
THE MO HEY MARKET
same
section seemed
pretty well cut up
as a
the fear and loss of credit this rivalry in railroad building
into this state. Of course as a
Tho Government, wo iv-peat, cannot
first result all stocks jumped up • but reflection will lias produced.
restore that; only a season of comparative rest will do it.
lead to discrimination in that as well as in other markets.
For the effect of any such purchase, has, as the New Nor can the Government restore to sto :k values the old con¬
York
Times wml says, limitations which are beyond fidence, for.the good al ways suffer wlum the b id are uncov¬
the power ot the Government to remove.
The mere offer ered. We must have time to dim a ik'lo me v,vidrms3 of
relieves the scfue as to the future which had settled upon the memory of 40 per cent tumble* in a night;; we must in
the communities cf the East and aids merchants of sound some measure forget tho loans nude on si entities sup¬
It does not, however, inflate collapsed bubbles or posed to be valuable, but which,when put up for sale, found
credit.
no buyers.
Nor can the Government bring mlo beiDg
afford an atmosphere in which to float new ones.
When we last week urged the Government to show again those speculations in commodities which have had
their brief day ; time is first needed to love in a degree
more liberality in its bond purchases, we did not mean \o
be understood as endorsing either of the twin errors (1) the smart which collapsed wheat and other corners, accom¬
that the Tr usury is the cause of the liquidating move¬ panied by large bank and other losse.-, have left, before
such ventures
-J
ment now in progress, or (2) that it is within its power to ! courage or credit can be secured to try
We recall these events, all of recent occurrence,
arrest it at wdi.
Proof of the inaccuracy of the first! again.
claim we have often presented.
It is found by comparing not because we believe the general situation is at present
Tne fact that they are now in good part events
the bank condition with the condition a year ago, when unsafe.
of
the past and that we have so far passed through them
tho money market was easy ; by comparing the Holdings
of cash in Treasury vaults now and then ; and again, .by safely with no other harm than a natural effect on general
reference to the figures we have so frequently given credit, are assur-atices of real strength ; while other rail¬
road developments of an opposite nature h tve served to
showing that the ei-cilia’, ion in the hands of the people
has increased about 79 millions during the.year.
With increase confidence in at least trunk line railroad proper¬
no material tmaugo ia the
bank and Treasury condition, ties, imparting lo them a-mere permanent constant value.
and with this l:r;g* addition to the currency put afloat in Wuat we desired to emphasize was, that credit has been
the twelve moubia while we have been passing from an aff-cted by events entirely outside of Ttvasury accumula¬
easy to a close money market, the untruth of the charge tions, and a. full recov ry is equally byou «. the reach of
that the Treasury is the cause of tho present distress Treasury disbursements.
ho true if one
Similar conclusions are also found
ought, it would scC'-i, to be oovious to every one.
If. is not because
But we bav.i vn.r<>n upon this point frequently and examines the -mercantile situation;
which have
brought
us
O
there is
it
no
need f.
again only
c
m e ay-
Vvre ref. r to
r-. -.idling it helps one to realize the
mV.argmg upon it now.
less obvious ?>m, mmmml until that
merits at
j
this
i« e uro
Government disburse,
cannot, however
large, restore the
ob¬
money is in short -supply that m uch i .'.a cionot
tain accommodation ; the maiket for m u can:do paper
is
sulf-iing
lack
of
under
Confidence
mistrust
as
Lo
which com: s
irom a
the (b.mmcm 1 ».-n on raced both
purchaser and the seller.
L»o I speculations
week for an in the interior and consequent slow col!, omns irom those
unloading of the Idonsury surplus are made; for they sections are tne basis of the former, and bad ia:lures in
many tra les the cause of the latter.
A - a result, while
assume tnat u is mg only within the range.of th * Govern¬
ment’s audio 0.7 -a : ’oii it, certainly is not, but that it is loan 3 have all along been easily p roc sir a Go on 11**30-class
railroad bonds at 5 J- to 6 per cent, paper ims ranged liom 7
also within us
•; to r, store a situation as to credit
| io 15
per eenq and placed with great di.iiou y at that.
which did < x.s m d dors not now.
Such an aim or hope j
cannot bo a i me - or realized.
The extreme limit of I How is it possible, for instance (to cite a recent c ise) for
mercantile credit not to be unfavorably effected by the
con lid t m-e iVk a year ago.
Tnat is
under widen t:.e v goious calls of the past
general
the mistake
-
many
of tho
p m
.hut illusions had been reached
before ’
of
iho
EPTEMBER
-failure of E. S. Wneeler
387
THE CHRONICLE.
24, 1887. J
& Co.
The list of banks and
certain statistics which appear in Mr. Poor's summary of
the railroads of the United States are so strongly cor¬
carrying tbeir obligations has been published, and
long one. Obviously, every mercantile borrower in roborative of the figures bearing upon the same subj ect
the market must suffer from thatsingle catastrophe. "When given by us from time to time.
Our own figures have
the failure was first announced it was stated that it was usually related to the case of individual companies, or
caused by the tight money market!
Toe millions of separate States, while Mr. Poor’s cover the whole railroad
liabilities and the few hundred thousand of assets would system of the country, and are therefore more conclusive.
The features which a careful study of Mr. Poor’s tables in
seem to prove that credulity must have been easy even if
this
the money market was not.
regard brings out, are three : first we find that though
These suggestions are sufficient to show that we have been gross and net earnings for 18SG are much heavier than in
going a little too fast and that a cure cannot be effected by the year preceding, they are but little larger than in 1883,
currency inflation.
Even if the Treasury should unlock notwithstanding that in the meantime the mileage on
which these earnings are based has btjen increased over
the Government vaults and let out its entire holdings
trust funds and all, it could not bring confidence in values 17 percent; secondly, we see that since 1883 both pas¬
back where value does not exist.
What the Secretary senger and freight traffic has increased about one-fifth
has done removes a nervous fear which was disturbing and since 1882 about one-third, demonstrating that the
financial circles, and therefore the money market—a fear unfavorable comparison as to earnings is not due to any
that any week's transactions might bring the banks so far diminution in the volume of business ; finally, and follow¬
jn debt to the Treasury as to force a severe strain and ing from the other two statements, we find that average
possibly a sharp disturbance among the banks and rates on passengers and' fieight have fallen oil from
the people. That anxiety for the time being has been 10 to 1G per cent.
There was a slight decline in the aver
relieved.
age even in 188G, notwithstanding the higher rates in
force on the trunk lines (compared with the previous war
rates) and the large amount of new mileage added, on
TILE DECLINE IN RAILROAD RATES IN THE
which rates of necessity are high at first.
Hire is a
UNITED STA TES.
table exhibiting the average per passenger per mile and
To the student.of railroad history in the United States per ton of freight per mile for each of the last five
no fact is of such striking significance as the gradual and
years.
AVKK.VCi: .1* A TKS ON INITIO STATES K A11.HOADS..
steady decline in rates from year to year. " While the
railroad system was in its infancy and tariffs high, it was
: 1SSI5. ! I SSI. ! IRS-l. ! 1SS3. ; lSSil.
I'nfxtnyfivx ixnd Fnijht.
('Is. | Cls. ! Vhs'
| Cls. ! ns.
of course only reasonable to expect lower rates with the
per p;wengor per iniio
‘2v5.1 l 2*122
2\1M i 2*193
2.114
growth and development of the country and the enlarge¬ Eaminus
Earnings per ton of freight per mile.
' l*0i2 i 1017 i 1*124 I 1*23 *> ! 1*230
But after a tolerably low
ment of the volume of traffic.
The feature of this exhibit is not alono the diminution
basis had been reached, to find them still dropping has
occasioned disappointment, and accounts for the bad in rates in the peiiod covered, but the absolutely lowresults that have attended some new ventures.
figure to which they have now been reduced. The aver¬
Thus, for instance, those engaged in promoting enter¬ age on freight for the whole country is only a trifle over
prises which originated in .the period from 1879 to 1882 a cent a ton per mile. This is remarkable, bearing in
believed that a further serious fall in rates was unlikely. mind that it includes all classes of freight and all classes
The mistake was natural, and one cannot help thinking how of road, new as well as old.
Wnat other country can
show
such
a
record
as
this?
As recently as 1883 the
different the aspect of things would be to-day if the very
bankers
it is
a
I
—
.
(
hopes entertained with regard to this matter average was nearly a cent and a quarter—actually 1*236.
had been realized.
How many of the roads which were We may suppose that the traffic now includes a somewhat
forced into bankruptcy a3 the result of the opposite state larger proportion of the bulky or low-class freights, but
of things, would have avoided insolvency, and might even allowing for that the decline in the short space of
to-day be paying interest or dividends on securities that three years of nearly two-tentbs of a cent (191-1000) is
have since been extinguished.
nothing short of marvellous. The average per passenger
But circumstances turned out differently.
Tais was per mile is somewhat over two cents, namely 2*181 cents,
In 1882 it
in part a consequence of the new lines themselves and the and even this is low, all things considering.
reasonable
caused, but also in large measure was over 2k cents (2*514). As illustrating the effects of
due to the exigencies of the situation.
The great decline he decline, we need only say that could the 188G traffic
in prices of agricultural products and the small margin
^passengers and freight) have been carried at the rates in
of
profit on mercantile operations generally, made j_orce in 1882, earning3 would have been about 131
it imperative for railroads to reduce transportation million dollars greater than they were, 102 millions of the
charges. - For these reasons, railroad rates, both passen’ increase accruing on freight and 32 millions on passen¬
This being understood, the following table of the
ger and freight, have almost uninterruptedly declined. gers.
Repeated rate wars, though in reality the outgrowth of the total gross and net earnings for each of the last five years
prevailing conditions, have accelerated the downward may be presented without any further explanation. It
movement.
A rate war is of course an unnatural and will be seen that while the 822 million gross earnings of
abnormal state of things, and when rates are again raised 188G compare with 7G5 millions in 1885, they compare
after such a war, as inevitably they must be, unthinking with 807 in 1883, and the same with regard to the net,
and prejudiced people not infrequently make a great the aggregate being 2974 millions, against only 2661
outcry against the proposed advance ; monopoly and millions in 1885 and 1881, but as against 291.] millions in
extortion are freely charged.
Nothing is clearer however 3 883. Of course, as in the case of stock and debt, the
than that after a war rates arc almost invariably lower fact that the figures cover fiscal years, instead of calendar
than before the war.
Facts and experience alike teach years, makes the 1886 totals smaller than they otherwise
would be, but the important point remains that the 188G
this.
Tnough having referred to this matter many times earnings are scarcely larger than those of 1883, though
before, we are moved to yefer to it again, now because the mileage on which the earnings are based has in the
greater competition they
388
THE
been
meantime
increased from
CHRONICLE.
106,938 miles to 125,146
[Vol. XLV.
RECEIPTS OF GRAIN AT NEW YORK BY ROUTES
DURING AUGUST.
miles.
N, Y. Cent. ..bush.
Itoad worked
Gross
1880.
miles
earnings
1885.
1
1884.
1883.
Erie
1832.
i*
;
Pennsylv’a. .bush.
Per cent.
tons
moved
one
mile in
the
same
2-93
Per cent.
Various RRs.busb.
270,431
Per cent.
48-02
68,700
Per cent.
bush.
054
6,798,400
Per cent.
time
53 44
14-63
13-40
402,643
159,6.7
4-29
15-57
1*41
,
43,878
•
•••••••
321,480
0-36
3-00
0,095,992
10-93
10-92
2,105,809
3-30
4-24
5,853.328
33-80
2,287,775
23-17
1,526,810
210,847
1-72
422,053
2-13
2,030,841
12-41
1,579.509
412,343
594,706
339
River & coastw.bu.
Canal
411,000
3-24
Per cent.
15-92
4,569,810
19 12
1,340,051
1,311,920
1882.
2,170,038
21-43
1,954,422
8-8 L
431,088
2-97
7,023,991
0,017.959
38,481
37,568
0-84
0-27
0,525,847
9,000,908
47-09
57-22
55" 73
57*50
00-50
253,597
l-oO,
794,692
138.995
331,321
235,312
7,091,483
4,450,336
0-48
36-30
50'51
i
1-29
2 91
4,040,900
4,492,061
42"9 3
1-74
4,284,000
30-59
31-70
Total all ...huso ; 10 7VS.426,.11,041.072 12,275,019 10,797.851 14.349.829
13.520,880
increased from
39^ thousand millions and 44 thousand
Note.—In the above table flour has been reduced to
gram on the basis
52 J thousand millions,
being in each case of 4^ bushels to a barrel, and no distinction made in the weights
of the different kinds of bushels, all being added
an addition
of one-third in four years.
together on the same
The passenger basis.
statistics tell the same story.
In 1886 382 millions were
A fact of some
significance in its bearing upon the
carried, in 1883 312^-millions, in 1882 only 289 millions ; above
figures is that while the receipts at New York are
the number carried one mile stands at about 9|
thousand smaller than a year ago, at
Philadelphia, Baltimore
millions, against about
and 7^- thousand millions re¬ and Boston
they were all heavier, -the aggregate for
spectively in 1883 and 1882. In otber words, though the three
points being 11,084,277 bushels this year,
earnings have improved so little, 8,738,000,000 more tons against
9,967,403 bushels in 1886. The result is that the
of freight one mile and 1,1 18,000,000 more
passengers three ports in
question have received only 1,634,149
one mile were carried in
1886 than in 1883.
Here are bushels less
grain than Ne v York, while in 1886 the differ
the
millions to
A-
901
VVestShore..bush.
Total RR..bush.
„
1883.
2,314.270
2493
1,293,700
9-21
1,230,907
411,008
Per cent.
now
of
10-83
1,150,319
1884.
3,060,581
1950
1,38-4,147
Del. L. & VV..bush.
the traffic movements, we fiud that
both the passenger and the freight totals for 1886
are
larger than ever before. A3 against 360 million
tons of freight actually moved in 1882, and 400 millions
in 1883, the number in 1886 was over 482 millions
; and
the number
17-34
Per cent.
125,146
122,110
113,172!
100,938
*
*
$
j
$
822,191,949 785,310,419 703,308.608 807.112,780'
521,880,334 498.821.426 490,792,097 515.525,192
297,311,015 200,488,993 266,513,911 291,587,-88]
Examining
bush
1885.
1880.
2,737,620
Per cent.
U. S. Lailroads.
|-
1887.
August.
GROSS AND NET EARNINGS.
over
variations for
five years.
ence
in favor of New York
back to 1885 the
FREIGHT AND PASSENGER MOVEMENTS.
i
1880.
Freight
1885.
1884.
1883.
.
1882.
Ton inihs
482,245,254
400,453,139
300,490,375
137,040,099; 399,074,749
52,802,070,529 49,151,894,469 44,725,207,077 44,064,923,445 39,302,209,249
Paw-
Number
382.284,972
351,427,6*8
9.659,0.«8,294 9,133,073,956
..
Miles
334,570.700
8,7 <8,581,0>1
312,080,041
8,541,309,674
589,030,783
7.483,059,934
of
noted would
before
agree
Mr.
Poor
to
as
say
that
the
charge is now so
admit of
decrease; still, no
how much further the decline may go. For
average
little further
Inter-State law would seem to have
check
At any rate earn¬
a
to the movement.
ings have continued very satisfactory so far the current
year, and Mr. Poor estimates that the total gross for 1887
will reach $900,000,000, on which basis the
comparison
in that particular with the earnings of previous
years
would be decidedly more favorable.
present the
given
the cut
to
go
Then
THE NEW YORK GRAIN MOVEMENT.
Notwithstanding the cutting of rates
on export
business
by the trunk line railroads to the seaboard—an influence
which might be expected to impede somewhat competition
by the canal—that route of transportation brought more
grain to New York during the month of August than all
the rail routes together, and had a larger
proportion of
the total receipts at this point than in the same month of
any other recent year.
The total receipts for the month
were
12,718,426 bushels, and of this amount the canal
delivered 6,796,400 bushels, or 53-44 per cent of the
In August, 1886, the amount
whole.
coming by canal
was
somewhat larger (7,091,483
bushels), but total
receipts were very much larger (14,04 1,072 bushels), so
that the canal’s proportion was
only 50 51 per cent. In
other words, while the aggregate receip s as
compared
last
being supposed
origin in that circumstance—and the changes
have its
seem
to
substantiate
accepting that conclusion let
different cereals the
course
some
extent
in
of
the
most
the
us see in
But
which of the
marked
cereals
export
the claim made.
changes occur, for of
figure onlv to a small
trade.
For
will compare simply the results of
and not those for 1885, the latter
having
we
this
purpose
1837 and 1886,
been a year when
Oaio Valley was a disastrous failure
—a fact which would
operate to the disadvantage at least
of the two ports south of New York. We find that at New
York the principal alterations are
comprised in the items
tire wheat
of
with
marked.
its export business to the other Atlantic
port3—
in export rates by the railroads
with
the
more
only 4,790,052 bushels
grain, while New York got 12,275,019
bushels, the difference in favor of this port being
7,484,967 bushels.
It has latterly been claimed that New York was
losing
some
one can
even
we
New York’s rivals received all told
From what has been said it is clear that except for this
wonderful growth in traffic, the decline in rates would
have been
impossible. As to the future, we^
low'
change
is
°
4,073,669 bushels. If
cf all kinds of
—
Tons
was
wheat,
crop in the
corn
and 11
iur.
Wheat and
corn
show
each
a
falling oif of about 900,000 bushels, while flour shows an
increase of about 560,000 bushels, so that the three items
account for 1,240,000 of the
1,322,000 falling off in the
receipts of all kinds of grain. On the other hand, of the
1,116,000 bushels gain at the other three ports, 503,000
occurs in oats, and 167,000 bushels more in
malt, neither
of which are export staples of
any consequence.
To that
extent, therefore, the assumption that the relatively im¬
proved position of these ports, compared with New l'ork,
connected
with
changes in the export business, is not
supported by the facts. Still,- that does not by any means
dispose of the inquiry, for in the case of wheat and corn the
is
three
ports have
lost very much less than New York
(only 400,000 bushels in wheat and but 130.000 bushelsin
corn), while
regards the receipts of flour a very large
gain is shown, the total having increased from the equiva¬
lent of 2,262,775 bushels in 1386 to
3,273,034 bushels in
as
fell oil’ 1,322,646 bushels, the amount 1837.
coming by canal decreased only 295,083 bushels. Tne
Lt would seem
necessary, therefore, to go one step
following shows the arrivals by each of the various routes, further and see how the figures of exports bear out the
rail and water, in August of the last six
claim.
In the matter of Hour, the evidence;
years.
year
certainly
September 24,
THE
1887.]
CHRONICLE.
389
Using Mr, Switzler’s figures of the total of 593,203 barrels received during the monte, 579,912
breadstuffs exports, published by us last week, we find barrels was delivered
by the railroads, the remaining
that a greater quantity of flour was shipped from Balti¬ 13,291 barrels
having come coastwise. In addition to the
more than from New York
wheat
and
corn
arrivals the canal’s deliveries embraced
even, the exports from New
York being 334,872 barrels, while those from Baltimore 199,300 bushels of oats
(out of a total of 2,229,386
were 462,357 barrels.
Baltimore, Boston and Philadel¬ bushels) and 137,300 bushels of malt (out of 521,300
phia together shipped 687,296 barrels. Moreover, as bushels).
With reference to the total rail deliveries at New Y"ork,
compared with a year ago, New York has increased only
from 288,677 barrels to 334,872, while Baltimore has both the amount and the
percentage is the smallest for
points that
way.
increased from
222,468 to 462,357 barrels, and Philadel¬
phia from 32,054 to 70,212 barrels, though Boston has
experienced a decline from 245,848 barrels to 154,727
barrels.
When we come to wheat, however, this con¬
dition of things is reversed.
As against 3,082,164
bushe’s exported in August, 1886, the exports from New
York this year were 5,169,754 bushels.
And while
New York has been gaining so largely, the other ports
have been losing.
To be sure, at Boston the shipments
have increased from 373,293 bushels in 1886 to 673,312
bushels in 1887, but at Pniladelphia there lias been a
decrease from 1,562,327 bushels to 1,451,486 bushels,
while at
Baltimore
there
has
been
a
decline of
over a
million
bushels, or from 3,076,341 to 2,063,780 bushels.
word, last year 3,082,164 bushels were exported
from New York, against
5,011,961 bushels from the
other three ports.
Tnis year New York has nearly a
million bushels more than the other ports combined,
the figures standing at 5,169,754 and 4,188,578 bushels
respectively.
As the wheat exports thus tell a different
story from
the flour exports, it may be well to combine the two,
counting a barrel of flour as the equivalent of 4£ bushels
of wheat.
In this way we get a total of wheat and flour
exports from New York of 6,676,678 bushels, against
7,281,410 bushels for the other Atlantic ports. Last year
in August the exports were.only 4,381,210 bushels from
New York, and 7,263,626 from Boston,
Philadelphia and
Baltimore. In other words, as compared with a year ago
the exports from the latter points, taken as a whole, have
varied scarcely at all, while on the other hand the
ship¬
ments from New York have increased over
2\ mdlion bush,
els—from 4,381,210 to 6,676,678 bushels—miking it evi¬
dent that the position of this port in that respect is better
rather than worse than in 1886.
So, too, in the matter o*
In
a
corn.
At New York there
the total this year
was an
increase in the exports,
being 825,899 bushels, against 805,38 7
that month in
recent
years, as the table above shows.
Compared with the previous year, however, the changes
in the proportions of the different roads are very
slight,
the most
important being that of the New Y"ork Central,
17-34 per cent of the whole this year, against
19 50 per cent in 1886.
The Erie has increased its per¬
centage from 9 21 per cent to 10-88, 'the Pennsylvania
which had
from S 81 to
The West
When
9-04, and the Lackawanna from 2 93
Snore
and
the
“ various roads”
to
3-24.
have
lost.
examine the
figures for the eight months ended
August, we find much more marked changes. For this
period the New York Central has suffered a decline in ratio
from 23-37 percent to 20-91 percent and in amount from 17,we
with
693,280 bushels
16,568,834 bushels, aud the L tckawauna
a decline from 8-96 to 4-48
per cent, and in amount from
6,787,294 bushels to 3,550,825 bushels. The Erie and
to
tbe West Shore
on
the other
hand
have
increased
very
largely, both in ratio and amount. Thus the latter brought
in 6,598,109 bushels this year, being 8 33 per cent of the
whole, against only 4,179,544 bushels, or 5-52 per cent
last year; and the Erie brought in 15,409,501 bushe's, or
19 45 per cent, against 13,290,761 bushels, or 17-55 per
cent
in 1886,
Tne Pennsylvania has not varied its
figures of last year much. In the following a comparison
is made for six years.
RECEIPTS OF
AT NEW YORK, BY ROUTES, JAN.
GRAIN
!
Jan. 1 to
AUGUST 31.
1
1885.
1880.
1S87.
1 TO
1884.
1883.
1882.
Aug. 31.
Bushels.
N. Y. Cent
.
.
Per ct.
Erie
Per ct.
Pennsylv’a..
Per ct.
23,572,274
20-01
17,093,280,
23-37
|
15.40U.501
13,290,701
15,007,810
17'55
1W45
8*5 l
8*38
3,550,825
West Shore.
6,594,109
Per ct
Per ct.
Var'us KKs..
19-92
13-30
4,300,007
0,787,291
5-49
8-90
4-44
4,17*1,54 1
5*5 2
8-33
!
30*54
12,800,123
|
5 05
i
j
52,250.593
53,940,215
j
1
Bushels.
Bushels.
21,551,309
22.089,163
2928
17,337,942
3003
13,592,393
20-43
23-50
2P59
0,739,085
8,017,203
8,953.801
1075
11*71
14-22
3,239.592
2,9510,984
4-07
5-17
0,734,408
3,825,859,
5,170,871
Per ct.
Total Hits.
1
30-08
Bushels.
19,148.240
0,479,855 j 10,408,347
0,642,075
.
Del. Ij. & W
Bushels.
Bushels.
10,508,831
8-59
501,331
0-72
01,247,813
3,350,570
!
438,831
443,030
0*00
0-70
5-34
45,284.222
50,942,329
45,078,993
bushels, while at Boston there was a decrease to 26,662
69-01
Per ct
7810 1
09*22
68 08
7223
12''A
i
745.844
2.208,894
1,220.580
2,534.273
1,544,509
bushels from 51,227 bushels, at Pniladelphia a decrease ltiv,& coast..
1,702,070
2-5*0
i
Per ct.
0-94
102
344
£-40
2-80
to 2,796 from 28,348 bushels, and at Biltimore a decrease
Canal
24,540,000 22.244,902 14,841,090 15,804,351 20,119,293 15,520.017
Per ct.
3098
29*37
18*5*4
i
25*31
27-34
2400
|
to 134,044 bushels from 290,851 bushels.
Total all... 79 220.059 75,728,081
78,358,297 02,(593,082 73,592,895 02,907,080
This seems to dispose of the idea that New York’s
smaller and the other ports’ larger receipts of grain are
Tne revenue which the trunk lines derived from the
in any measure to be attributed to deflections in the grain traffic must have been
considerably smaller in
export movement. One further point, however, will bear August this year than last.
We have seen that there was
a
bringing out, namely that in the case of wheat and
falling off in the quantity carried, and in addition rates
corn at
were
lower.
The cut in the latter was confined to export
least, it is the Erie Canal rather than the
^
railroads to New
York
that. have
formed
the
chief
shipments, which, however,
may be
It ha3
taken
comprising
competitors of Baltimore and Philadelphia.
Note
reported that
for instance that of the 6,529,724 bushels of wheat some grain was taken as low as 15 cents per 100 lbs.
received at New York, no less than 5,833,300 bushels came Chicago to New York, the
regular rate being 25 cents.
Instances
of
this
kind, however, were not numerous. We
by canal, leaving only 689,700 bushels as coming by rail¬
On the other hand, substantially the whole of the think that a fair
road.
average for the whole month would be
5,378,825 bushels received at Baltimore, Boston and 20 cents, leaving for the distance east of Buffalo 10 cents.
Philadelphia may be supposed to have come by rail. It On that basis the revenue to each road on the above
is perhaps well to state that in August, 1886, the New deliveries would be as follows, the
weights being taken
York lines brought in neirly two million bushels of wheat according to the accepted standard per bushel for each of
(1,895,152 bushels). In the case of corn, out of 644,186 the different cereals making up the total. We add com.
bushels total receipts this year, the canal had 626,500 parative figures made up in the same way, for 1886 and
bushels.
Flour the canal does not get any, and of the 1885, and for the year to date in 1887, 1886 aud 1S85.
the bulk of the
movement.
been
as
CHRONICLE.
THE
390
LV'OL. XLY,
supplement of papers presented. To one accustomed
gold spectacles, the great predominance in the
Jan. 1 to Aug. 31.
A wjvst.
report of testimony in favor of bi-metallism may prove dis¬
1887. 1
1S80. |
1885.
1880. |
U-87. |
1885.
agreeable, only one of the witnesses appearing as a pronounced
*
1
$
$
*
*
mono-metallist. Blithe who would become familiar with the
103,000
899,000 1,05 3,000; 905,000
90.000
151.000
New York Central
Erie
57,000,
7U,000j 60,000 856,000 80 l.OOOi 588,000 many arguments in favor of a double standard for currency
70,000
350,000 387,000’ 406,000 will find in it a learned exposition of them.
45,000
47(000
Pennsylvania
The searching
194,000 410,000
160.000
23,000
7,000
17,000
Del. Lack. & West
18.0O01 35,000
14,000
West Shore
307,0001 251,000 250,000 questions of the clear-headed .-chairman of the Commission
leave no ambiguous statements unchallenged, and assist mat¬
12,666,000 2,902,000 2.318.000
erially to a complete understanding of the subject.
Much time was devoted to an inquiry into the character of the
Every one of the five roads shows smaller earnings
from this grain traffic in August, 1S87, than in 18SG, the existing data of the world's supply of bullion, and the tables
showing the course of prices of commodities, but more doubt
total for them all bring only §229,000, against $353,000
was
raised concerning the old than light shed by'new
in IS86 and £235,000 in 1SS5.
For the eight months, facts. Later we may bo furnished with new and better data
only the Erie and the West So ore have an increase. The on these important but troublesome subjects.
The opinion, however, of all the witnesses especially
Lackawanna has suffered a very heavy loss, its tola}
examined in regard to the cause of the recent fall in prices
this year being only $194,000, while last year it was
was
that it was principally due to the failure- of gold,
$110,000.
to
meet the demands for it. both as money and fur
APPROXIMATE GROSS REVENUE FROM
with
THROUGH GRAIN' TONNAGE.
a
to read with
-
use
WEEKLY RAILROAD EARNINGS.
in the arts.
Two directors of the Bank of
England,
a
professor in the University of Edinburgh and Mr. Samuel
Smith, M. P., whose admirable speeches'have frequently been
September our statement of earn
the Curonicle, were the gentlemen examined
iligs makes a somewhat better comparison with the previous reproduced in
on
this subject, and they all considered a double standard—
year than did the exhibit for the first week of the month, the
and silver at a fixed ratio—to be the one means of relief.
increase being 10'G9 per cent.
Ten of the sixty-tliree roads gold
But it is perhaps to the statements of those engaged in trade
report diminished earnings, the decrease, however, being
with the East, as being more essentially new, that the public
small.
will turn with most interest.
The possibility of England’syielding to the appeals of other nations to join them in estab¬
Increase.
Decrrair.
1886.
1387.
2d week of September.
lishing a double standard depends on the strength of the tes¬
$
$
$
$
cc
36,334
Atlantic <fr Pacific
43,224
timony to prove the injury to England’s commercial welfare
1,000 of
Buffalo N. Y. A Pliila
57,GUO
58,600
the present state of things, and here we have statements
41,187
35,9 74
5,513
Buffalo Roch. <fe Pittsn...
3,292
13,048
10,340
Cairo Vincennes <t Clue..
from practical men on this very point.
With 011I3' one excep¬
6,068
24.G70
18,65)2
California Southern
tion,
the
witnesses
questioned
concerning
the effect upon
24,000
243,000
Canadian Pacific
219, COO
43,008
5,046
18,0)4
Chicago it Atlantic
trade of the depreciation and fluctuation of silver were
37,943
42,131
4,188
Chicago <t East. Illinois..
Serious harm, they claim; has been and
42,767 unanimous.
569,767
527,000
Chicago Mil <t St. Paul..
28.382
27.035
1,3 47
Chicago & West Mich
is
done
to English interests by it. Among other
being
56,80(1
1,170
Cin. ln<l. St. L. & Chic
55,630
10.227
13,214
2,937
Cincinnati .lack. it Mack.
things they referred to the sudden variations in the
59.525
7,515
07,010
Cm. N. O. it Texas Pao...
value of silver.
This they said laid a ;ax on trade
7,88 2
30,548
22,066
Alabama Great So
3.057
7,681
New Orleans <fc N. E
10,708
the
East.
I11
order to be safe against loss through
with
2.186
7,715
9,001
Vicksburg it Meridian..
9,434
2,091
12,125
these variations, a merchant
Vicksburg Slirev. it Pae.
having sold goods which
88
8,2. 6
8,354
Cin. Richmond it Ft. W..
are
to
be delivered some
months hence, at
a
price
45,917
5,5 22
51,739
Cincinnati Wash, it Balt.
244
11.401
11,160
Cleveland Akron it Col...
6*98 agreed upon, settles the charge for freightage, and either
7.2 16
7,9 l 4
Col. it Cin. Midland
14.915
149,085
sells a bill of exchange for the value of the goods, or, if he be
164,000
Denver it Kio Grande
5 45
23,089
22,544
Det. Lansing it Northern.
an English merchant, draws on London, and telegraphs to his
86,895
29,1121
116,007
East Tenu. Va. it Ga.
3 73
4,966
5,3.39
Evansville it Iudia’polis.
agent in India to buy forward sterling hills to the amount
35
16,795
10,830
Evansville it « erre 11
due him.
If all parties fulfill their contracts, and nothing
12,77t
50,568
37,794
Flint it Pere Marquette..
14,229
2,275i
1*5,507
Florida R’wav it Nav. Co.
prevents his delivery of the goods on time, he is then sure of his
9,13 2
17,112
8,0 lm
Ft. Worth it benv. Citv..
42,907
4,4 40!
47,34.7
Grand Rapids it lud
result, but lie has paid a tax to the banker who has shouldered
390,18 J
35,911
420,095
Grand Trunk of Canada..
for him the risk of loss through variations in the exchange. As
460
59.7.) 2
59,272
Ind. Bloom, it Western..
1,252
3,9.2
2,G7i
Kingston it Pembroke
it is impossible for the banks to keep full}' covered, they always
19 80
16.43:
45,352
Lake Erie it Western.
O
3,475
93,7/5
90,3
Long Island
charge an insurance rate. This rate is double for bills drawn
1.040
For the second
week of
....
.
....
...
....
...
m
...
Evan-v.itSt L.
22,296
Louisville it Nashvllb*
Louisville N. Alb. & Chic.
Memphis it Charleston
Mexican Central
Milwaukee L. >5. It Wosi
Milwaukee it Nort hern...
Minn.it N01 thwesto n...
N. Y. City w Northern
N. Y. Ontaiio & We.-,tern
Norfolk it Western
Northern Pacific
322,500,
Ohio it Mi-sissipni
Ohio River
Peoria Doc. A- Evansville.
fit. L Alt. it T. II. (M. L.)
Branches
St. Louis Ark. it Texas...
8t. Louis it San »• ran
St. Paul it Duluth
Tol. Amt Arbor A No.Mit h
Toledo it Ohio Central...
Wabash Western
Wheeling iV Lake Erie
103.050
i 0,829
Louisv.
.
.
54.888
37,934
90,100
78,69 1
22.483
38,715
1 2.38.8
37,733
99,551
311,363
20,650'
296,045
20.455
47,114,
7,771
30,212
76,082
4 8,990
13,340
10,9-0
11,497
29,613
79,553
3 2 < >, s 9 p
102.302
5,582
22,6,>0
29.431
19,0 •'2
38,610
7,722
14.318
29.701
9.1 13
........
.........
27,735
....
501
■
8.1.3*
19,99.9,Dob
.......
68“
5,247
China what it is for those on India, because of the greater
difficulty which the banks have in covering their transac¬
tions. Whenever the variations in the value of silver are sud¬
on
price, and
One witness points to the
Manchester records to show that in one year there were thirtythree weeks in which this obstacle brought trade momentarily
den, the banks refuse to take bills of exchange at any
trade is therefore
to
...
•
a
greatly hindered.
standstill.
England’s
silver-using
3,328
nations have turned to India with their orders to avoid the
63.790
25,150
112.374
132.940
20,5661
and danger involved in dealing with a. country
48.029,00 t inconvenience
39,621
12.65!)
4,179
8.4S0
having
Statistics are cited to prove this.
a gold standard.
18.954
v 6.564
7,610
148.314
114,8 >4
33,4201
Again, the continued appreciation of gold has increased the
3,815
11,236
15,0 >1
burden
of all English manufacturers,because the prices received
9.7 17
27.305
37,1 12
Wisconsin Central
6,063
11.739
5,676
for their goods fall but the fixed charges of the manufac¬
Chicago W is. ,v Mi n
1,910
8.792
6,852
Minn. St. Croix a Wis..
turer remain the same, and wages give way hut slightly.
At
2,110
3,956
(5,066
Wisconsin it Minnesota.
the same time, while prices in gold-using countries have been
482,072
71,518
Total (63 ’roads)
4.252,463 3,811,909
falling, silver prices in India have not-changed to at least the
410, 54
Net increase (1009 p.er.)
same ext\ at.
Consequently the Indian merchant lias been
able to reduce the gold price of his commodities, thereby
I'ooit notice?.
hard pressing his competitors in England.
For
On the other hand, the necessity for India of paying in gold
First Report of the Bluish Gold and Silver Commission.
sale by Robert Beall, Washington, I). C. Fricc, $2 50.
the interest on her debt, for which an ever-increasing, amount
The first report of the British Gold and Silver Commission, of silver has to be given, has occasioned an unfortunate in¬
appointed a year ago, is before ns. It is a volume of 3o! large crease of taxation. Moreover, though greatly in need of the
assistance of foreign capital, she finds it difficult to borrow
pages, and contains, verbatim, all questions and replies at the
unless she promises to pay interest and principal in gold. The
examination of twenty witnesses at twenty-four meetings,
17,202
-,032
22,4 10
3
5,148
3,151
commerce
.
...
tqwpgstai1
w ft.m
Another claim made in the evidence was that
■■ ■1jwar.1j*
has fallen off because China and other
European capitalist
391
THE CHRONICLE
1887.]
September 24,
naturally fears to place his capital where,
iJX o u ct a rp! (C o m me vet a 11; ini U s 1 v 11 c ui s
depreciates, it cannot be withdrawn without loss.
[From our own correspondent.]
One gentleman who had paid attention to the subject was
London, Saturday, September 10, 1837.
questioned as to the amount of the precious metals hoarded in
The recent manifestation of activity in the stock market,
India. He believed the amount to be very great, the natives
though transient, leads to the belief that between now and
being very fond of ornaments made of the metals, as well the clDse of the year financial business will become more
as liking to store coin.
He states that £130,000,000 of gold net animated. Although during the past few weeks the new
has been imported to India by sea since 1835-3G, and that the
undertakings introduced to public notice have been few in
amount of the two metals hoarded in India probably number, and of
comparatively little importance, it is under¬
approaches £300,000,000.
stood that a long list is prepared and that the public will soon
The gentlemen whose testimony we have summarized in have the usual liberal selection.
Meanwhile the development
part conclude that a fixed double standard would be advanta¬ of speculative matters will not continue unless it receives bona
geous to both India and England. Whatever artificial stimulus fide support from an extension of trade.
Hitherto the move¬
there may be which, as is claimed, is given to Indian trade ments has been more clearly marked in America than with
through the present position of silver, cannot be of permanent us, and now the extension of business here is mainly brought
benefit; lower taxation ami steady exchanges and greater about through our relations with the United States. Were it
freedom of trade, are better worth having.
not for the orders received from that quarter our export trade
if silver
1423.—LTrsaitk
Natrn\i. Law in fin: TUmni -s Worm*.
Boston : Lee At Hu ] anl.
New Yoik : l
By ITenr.r Wood. Pp. 222.
lm lies T. Dilliuidiam.
readable little book is a Boston business
who states that his desire is to benefit the working classes
The author of this
man
by showing on what ti. ir imreased prosperity really depends.
He discusses such suhje<
s Labor Combinations, Socialism,
State Arbitration, etc., ir, the light of what he calls business
.
.
principles. There are < rtain laws that no organization can
change,—laws which govt i n wages and prices, and he makes
evident the folly"of all etl'orts by Labor Unions and Legisla
lures to override
those laws.
that the law of supply and demand is perhaps the
general and fundamental of all natural laws. The two
elements, the supply of a commodity and the demand for it,
are like two halves of a sphere, neither complete without the
other.
By price all inequalities, between them are smoothed
off.
Price is determined by competition. In the event of a
tendency towards excess, competition takes place among sell¬
ers ; and on the other hand a predominance of demand causes
competition among buyers. The price, of service, that is,
wages, the price of money, rate of interest, are both so regu¬
lated.
The effect of any attempt to put artificial laws in the
place of the natural ones can only be to produce disturbance
and harm. The legislative effort to fix the rate of interest, under
penalty, not only did not accomplish the purpose intended,
but actually made interest dearer by obstructing supplies,
injuring confidence, and by natural reaction., Legislative
interference with the rate of transportation will be found to
produce exactly similar results.
The seller of labor, the workingman, is dependent on de¬
mand, and demand can not be coerced. Whenever that is
attempted it shrinks back. It would be a poor way to induce
a
horse to drink, to force his head under water.
Demand,
and therefore wages, can be stimulated by bringing about
peaceful conditions and inspiring confidence,- present and
He says
most
future.
Tan
Hanoi.ino of Raiiavat
tion.
just at present be languishing, and it is on America
must rely for the realization of the hopes now
indulged in.
The Bank rate remains unaltered at 4 per cent.
The gen¬
would
Supplies, Their Purchase and Dtu osi-
By Marshall M. Kirkiuau.
Pp. 223.
New York, Railroad
that
eral
we
aspect of the money market remains the same. Gold is
export. A further sum of about £31G,000
been taken from the Bank of France, and that institution,
still wanted for
has
object of protecting its stock of gold, has advanced
premium from 7 to 9 per mille. Some parcels have been
taken from us, and the uncertainty as to the extent of the
movement remains as great as ever.
It is stated that some
shipments are likely to be made direct to San Francisco from
Australia.
Meanwhile the money market under present
influences keeps firm, and loans are more inquired for at 3 to
311 per cent, while three months’ bills are discounted at about
¥ per cent below the Bank rate. The discount establish¬
ments have advanced their rates of allowance to 2% per cent
for money at call and 2% per cent if with notice.
In the Bank of England the changes are rather important.
Other, deposits” have been reduced £1,574,379, showing
smaller balances available, while the total of Government
securities held has been lowered to the extent of £1,152,682.
This latter item indicates either that the Bank has reduced its
with the
the
“
holdingsof consols by borrowing in the open market, or has not
renewed its tenders to the recent issue of Treasury hills.
But
whatever construction may be placed upon these changes it
is clear that the market just now is not so well supplied with
capital, .and is thus becoming more sensitive to, and more
easily acted upon hv, the bullion movements between this
country and America.
The stock of gold has decreased
£319,637, the loss being £177,000 in excess of the sum taken
for export, showing some increase in the demand for coin;
but as note circulation has been reduced £14,115 the actual
loss in the reserve is £305,222.
The proportion of reserve to
liabilities, however, owing to the comparatively heavier fallingolf in t he latter, is about 1 per cent higher than last week,
namely, 43*21 per cent, against 42*20 per cent. The reserve
now stands at
£11,377,548, or £780.000 less than last year;
while the stock of bullion, which is £20,339,888, exhibits a
falling off compared with 1886 of £892,000.
The rates for money have been as follows:
Mr. Kirkman, the Comptroller of the Chicago & Northwe torn Railroad, and the author of several good works on rad oad
Open market rates.
t*
subjects, has prepared this little book, he says, not for maia*
Trade IHlh
Bank Bills.
girsbut for young railroad men “who desire to know the Ctmdon
t?
subtleties of railroad affairs, yet are prevented by‘tin ir
Four !
Hit
Three
Six
Three
Four
n
restricted position." He deals very minut-ly with his subject
Monthsl Months, Months. Month* Month \ Month.'
and gives much excellent advice. A general observance by Au<?. 5 3 2'4a> - 2U® —j3 <§.3*4
12 3
railroad employes of the rules laid down ought to result in a
S &
Gazette.
4
iy
3
“
2*5
3
”
author, Mr. Amedee II. Simonin,
following works:
9
The
4
Paris, 1870.
3w*
35** —UH<* -wa
M-:
in the words Space, Time, Life and
Nature.”
Lis Passions, r:r La Four.
Pp. 431. 8vo.
Paris, 18S5. This volume contains live popular lectures delivered
in Paris, with a supplement-.
The author of these works lias carried on his psychological
line of thought.
Grands-Augustins, Paris.]
a new
[J. Michelet, 2o quai des
'•
-
|
Circulation,
excluding 7-day
other bills
L'4
—
U4
U4
F4
—
2‘4
2Uj
3:*f<84
Bank of
and j
1887.
*
24 ;712.340
1880.
1885.
£
*
Eng1884.
£
24,824.580 24,752.325
25.576,305
6,209,999
28,193,324
13,437.669
21,053,564
13,378,154
■23.204,759
45>4 p. 0.
4.231.743
2.485.7 U
4.162.623
ither deposits
23.237.953
28. 03 554
14 04 '.742
ither securities
19,171.812
12.736 513
19.290,420
12.157.356
22.675.430
21,231.930
22.946.8f 6
•oin and bullion
I1.377.04S
20.339,888
teserve to liabilities
43*21
Reserve
Days.
114 H4
114-114
U4-H4
U4-H4
2 '4 214 2:4
2J4 2tf-2 H
1M
m
H4
IH
21,915,07<>
•ublic deposits
Sentiments.
during more than forty years, and thinks he has
($
7 to 14
At
:
This
Fsyciiot.ocir. Pp. 392, 8vo. Paris. 1870. “A treatise
of the anatomy and pi.ysiology of the human soul.”
Lr Mati-riai.ismk Dksmasqli:. Pp 250, svo. Palis. 1=78. ‘‘This
developed
Stocl<
J»K&» —I
- SXpSH'mWHX'A 8H
& —3
!3&c*4 'h
following shows the position of the
4
land, &c.
IIistoiki: in; t.a Psycholocie. Pp. 4«4, 8vo.
book is an “ introduction to Psychology.”
explains the puzzles involved
2
3
Disc t H’at.
Bank?. Call.
-2j3M-:3!4|
-
deposits by
Joint
.
“
Sept.
We have received from the
researches
fn
“
considerable reduction of railroad expenses*
the
tnirrtiIt altCWctX
%>
of notes and coin
lank rate
Consols
Clearing-House return
p. c.
4p. c.
4 p. c.
3J4 u.
101 5-161.
1--OJ4
114,453.000
c.
84.352,0
i
5.125.604
13.914,541
41%
2
p.
c.
2 p. C.
p. c.
101%
100 1-16
85,054.000
9i
,298,009
THE CHRONICLE.
392
The Bank rate of discount and open
now and for the
market rates at the
previous three weeks
chief Continental cities
have been as follows:
Quart; ■'y
Interest at
it
-
Aug. 19.
Awj. 20.
pt. 2.
.'.tons.
Bank
Ovef
Bank
Optn
Bank
Rate.
Marhe >.
Rate.
Market
Rate.
Market
3
Bank
Open
Rate.
Market
3
2k
3
Ik
2
3
ik
3
2H
3k
2k
3k
m
ik
2k
3k
4
4
4
Paris
3
2
8
Berlin
3
2
3
<k
Eh
3
Pi
ik
Frankfort
3
2
3
i-H-
3
Hamburg
3
3
VC
3
Amsterdam.....
Brussels
2k
3k
iyH
2>4
3)4
2*
214
314
m
3k:
Madrid..
4
4
4
4
4
m
4
33*
4
3-k
4k
5
s-k
4k
4
5
5
5
5
5
Horses
Beer and ale
Salt
Copenhagen.
3
3
3
3
3
3
3
3
Spirits
follows
as
on
thb state of the
Gold-All the supplies available in the market during the week have
been taken for New York, and to-day an amount was withdrawn from
the Bank for that quarter. The Batik has received £28,000 and lias
sold £62.00*. The principal arrivals comprise £22,oOo from Australia.
Silver declined at the beginning of the week till 443*d. was touched,
hut after the allotment of Council hi Is yesterday the market impioved,
and to day’s quotation is 44 15-l(id. tirin. The only arrivals of import¬
ance have be. n £57,000 from New York.
The P. & O. steamer has
taken £1)8,Ot 0 to India.
Mexica i d »liars h ave been, dealt in to a limited extent *oulv during
the w< ek, in the absence of supplies, which jure expected to come to
hand curly next week.
The
I
quotations for bullion
reported
are
GOLD.
folioyvs
Sept. 8.
d.
5.
oz.
Sept. 1.
77
1.
9
77
!
Bar silver
Bar gold, contain’g
30 dwts. silver.oz.
Sept. 8.
d.
9
oz
-
77 10
ing 5 grs.
Span, doubloons.oz.
gold.oz.
Cake silver
8.Am.donbIoonj».oz.
...oz.
Sept. 1.
d.
48 7-10
48 7 -10
LOCAL.
Woodgrange’ParkCemetery Company, limited,Essex, £1 shares £5",000
Board of Trade returns,
just published for August,
distinctly more favorable than those recently issued. In
the exports there is a gain for the month of £1,043,440, making
the increase for the eight months £2,678,580.
The month's
improvement has been pretty evenly distributed among
textiles and hardwares. In the imports the gain for the month
is £2,377,666 and for the eight months
£0,665,572.
As
our
transactions
with
the
United
States
regards
our imports
thence have amounted to £4,404,247, being* £107,801 more
than last year, while our exports hence have been £2,068,608,
or £268,030 in excess of August
1886. There is thus a net
gain on balance to us of £71,030 over last year.
The following are the totals of the imports and exports dur¬
ing August and the eight months:
are
1885
1886
1887
Exports British ds, -Re-exports Foreign-*,
(£ Colonial Mdse, dc.
Produce, dc.
28,800,9‘6
27,321. 55
29.099.0:0
250,287.443
227.595,045
2-7,2o0,616
All just..
8 Mos.
August.
8 Mas.
£
£
£
£
18,494,6:):]
18,7-14,Nr. 9
19,788,299
142.0(50,567140.586,99)
143.2)5.ofc’4
3,340,987
4,640,586
38,258,182
37,804,401
39,802.982
4,162,080
The
following shows the imports from the United States
during August so far as enumerated in the Board of Trade
tons
1,539
19.724
galls.
12,286
3,493
3.422
148,799
80,897
39,131
80,922
10,96L
8ilk broadstutfs
Oxen and bulls
Cows
No.
No.
Sheep and lambs
No.
Quantity
18 86.
1887.
12,88.1
12,089
8
272
Wheat Atlan. ports.cwts. 1,546.372
Pacific ports
573,95*2
cwts.
Flour
cwts. 1,077,286
Bacon
cwts.
229,280
Beef—Salted
cwts.
12.781
Fresh
cwts.
55,987
Hams
cwts.
91,612
Meat. unenumeratM.ewts.
Presmwd
ewis.
20,884
|D I
r
Pork-Salted
cwts.
Butter
Cheese
Fish
Lard
cwts.
cwts.
cwts.
Sugar, refined
cwts.
cwts.
11,903
4,118
141,7 »6
1,338
59,564
20o,t01
2,799,826
43
503
■Value.—
1880.
1887.
£259.380 £244,077
142
50 l
510,382 1,029,34s
1,0)1.333
171,1 8‘2
11,896
2l5,o44
555,877
407,645
20, 90
53.2)7
13* *,226
92,084
232,303
s.
20
1-9,393
571,408
345,3 41
15,53 )
120,59 >
252,5 U
743,100
..yds.
.yds. 4,307,500
Carpets
..yds.
Hardware and cutlery
Iron and steel—Pig....tone
20,897
36,76 4
15.352
70.153
284,402
3,248
380,170
102,730
70.02 l
108,902
29,190
l't», ■ 2
♦
202,178
182,496
49,351
32,544
113,272
1,593
91,630
26,286
4,013
42,265
31,692
172
218
1,816
2,258
19,890
3,751
245
2,315
14,537
6,014
266,070
Bar, angle, Ac ..tons
Railroad
Cast and wrot ..tons
95
Old, for remnftr.tons
2,577
19,157
7,790
.tons
..tons
.
r
w
22,558
299.634
55.208
1,400
1,410
20,0 )5
272
131
cwts.
Lead
724
852
Strain-engines.
101,799
3,889
10,276
2,696
41,478
4,151
machinery.
49.315
cwts.
2 47,153
doz."
8.060
228,853
15.U0
8,715
18,801
70,469
1,321
Cement
cwts.
Earthenware «& porcelain.
8,090
20,972
16,677
39,308
77,532
07,339
V
13,572
26,410
02,431
2,407
Paper—Writing, printing,
Ac
173
470
cwts.
All other kinds.cwts.
Skins and furs.
214
379
•
........
Stationery,oth’r thau pap’r
.........
lous
1885.
1886.
£
SILVER,
follows:
as
To and from United States.
j
1887.
1880.
£
i
1.259
£
*
6,403
2,995.803
1.334,9481
1,200
563,35'»
27.00 J
090,150
6,527,130j
57,360,
603,100
1,043,739
i
1
97,372
1,100.733
133,903
1,173,980
2.050
7,079
£
'
.
333.910
517.207'
4,82',003> 2,125,037
502,2 9
5,OS 1,227
Exports in Au-ru-t.
9 s:;, 12 <
ms,4bo
779,570!
7,2)0,050
5,098,476
5,128,338j
8 months.
47,843
7,485
24,300
8S9,K6
!
6,821,250
Do
1,359
1885.
8 lu-mths.
Do
1,295
1,505
43,636
9,331.
405,300!
0,381,002
£
r
934.0U
1
1887.
£
1.09 >,889
943,542
8.551,59 ' 10,410.590
1,?88.:U7 1,0)0.305
5,0b.:,599 8,808,84l
Imports In August.
Do
8 mont s.
Exports in Augu-t.
Do
8 mouths.
855
metals have been
To and from all Countries.
i
....
81L
9<>U
90<>
The wheat trade has been very quiet, but alt tough there
an absence of animation in the market, the tone has
has been
become
shade stronger.
No further decline itr prices has
a rally have not been
altogether wanting, particularly in some of the country mar¬
kets.
However, the average for last week was low enough,
namely 29s. lid., against 33s. Id. per qr. last year, so that
there is plenty of room for improvement.
Deliveries of home¬
grown wheat have been rather short, the weather having
been at times unfavorable for threshing, and there being also
less inclination to force sales; in fact, although no particular
change is looked for in the immediate future, prices are
expected to harden rather than display increased weakness.
The following shows the q antities of wheat, Hour and
maize afloat to the United Kingdom:
a
occurred;
on
the contrary symptoms of
Wheat
qrs.
to qrs.
1,72 7,000
15S.000
1,70 4,000
101,000
1,610.000
224,000
.Qrs.
257,000
300,000
378.000
This week.
Flour,equal
Maize
Last week.
1380.
1835.
1,412,000
1 is,000
214,000
The following shows the imports of cereal produce into the
United Kingdom during the first week of the new season com¬
pared with last
season:
IMPORTS.
1887.
owt.
Wheat
1886.
,
1,302,010
207, -un
135,137
oats
2 19.23 i
5 ’,312
402.873
50.604
75.363
577.006
Peas
Beans
ndian
lour
91,705
corn
395,740
301.702
1885
1,146,226
Barley
366,309
1,807,364
613.135
572.192
34S.205
176,419
Total
209,897
2 26.824
13,380
136,979
;stocks
on
18)- 5.
1884.
I,376.i33
1,897,364
804.702
1886.
1.146.226
366,309
176, 119
761,591
422,76.3
56-*,560
346.205
8 07,53.1
2,368,383
1,941,298
2.122.3 L2
3,053,100
1884-85.
Id. 32 s.
Id.
Id. 32s.
4d.
1463-8-1.
34s.
3d.
31s.
3.1.
1887.
Imports of flour
lales of home-grown..
1884.
1,376.633
100.613
206,0 43
6 l,737
13 ),42l
Supplies available for consumption (exclusive of
September 1):
20,430
13,30 >
159,024
3,8 13
41,269
35,753
2,761
3,217
217,217
30,016
C5,076
1,507
9,00.8
15,899
Imports of wheat.ewt. 1,302.090
00,749
15,419
15 ■‘,070
208,500
1,061.50 »
3,243,000
367,200
.
52
9.413
10. '17
1 7,003
4,707
191,'77
7,216
3,710
Woolen fabrics
Worsted fabrics
un
90,036
4,587
253,555
72,845
8,137
39,064
yds.
12,788
Other articles of silk only
Articles of silk and other
returns:
,
-Value—
1380..
1887.
£3,470
£4,087
1887.
205
Wool
lbs. 4,002, L00
867,900
Cotton piece goods...yds. 2.735_,200 3,090.200
Jute—Yarn
lbs. 1 ,.480,6<»0 1,180,400
Piece goods
yds. 9,370,100 11,175,300
I 19,400
Linen—Yarn
.lbs
163,500
Piece goods..yds. 7,559,100 8,541,400
Imports in August.
FOREIOX.
Irish
1830.
90
7,679
10,000
Brazilian Extract of Meat and Hi le Factory (limited), c apital
£200,000 in £5sharts, present issue
£ LOO,000
Imports Foreign—>.
127.883
12,148
Alkali
vietfonn
<6 Colonial Produce.
All just.
8 \(»s.
£
£
2,014,843
Apparel and slops
Haberdashery & millinery
suspension lias been announced of Messrs. Greenway,
Smith & Greenway of the Warwick and Leamington Bank.
The failure was not unexpected in financial circles, but it
only has a local inlluence. The firm had an old-established
reputation, but of late appear to have got their capital locked
up in tramway ventures, and being unable to realize have
been compelled to stop payment. Messrs. Glyn, Mills, Currie
& Co. had been the London agents for a considerable time.
The bank had a note issue of £30,50 0,
The capital creations for the week have been :
The
20,847
44,392
52,843
9,593
14,354
50,025
0,227
112,559
0,87 2
Other kinds of
45 5-16
45 5-10
25,313
11,9 17
19,844
20.4 51
wrought
Tm, un wrought
j
Railway, £o d toned shares
2,250
747,450
1,442
Steel,
The
<si Dyke
15,780
8 3,.'92
38, >90
No,
bids.
Bags and sacks
Brighton
47
280,990
the
Tin-Plates
•14 15-H
44 15-16
Bar silver,contain¬
77 10
870
344.444
Hoops, sheet,Ac.tons
!
London Standard.
55,211
£
14,593
10,760
:
SILVER.
London Standard.
Bar gold, tine.,
as
54,846
Quant ilg-
4
Pixley & Abell write
2,*221
these official statistics:
Vienna
Messrs.
2,240
1887.
exports of British and Irish produce to the
United States during August, as far as can be gathered from
are
St. Petersburg..
..
1 880.
£ UK)
Tallow
cwts.
39,125
Wood A timber—Hewn.his.
3,625
Sawn and split
19,059
loads.
Clocks
No,
Leather
lbs. 2,255,490
Below
bullion market:
lr 1
cwts.
raw
—\
1S87.
tons.
Regains, Ac
tons.
Uliwrought and partly
Cotton,
Value.
,
1880.
50
Copper ore
wrought
Si
Sept. 9.
[Vol. XLV
188fi1-87.
Aver, price wheat.... ..week. 29s. lid.
Aver, price wheat
season. 29s. lid.
1885-86.
33).
33s.
September 24,
3.782019—Thnlie
THE CHRONICLE..
1887.]
Financial
English
Balances.
Hurkets-Per Cable.
Date.
Receipts.
The
are
daily closing quotations for securities, &c., at London
reported by cable as follows for the week ending Sep¬
tember 23.
Silver, per
$
“
| Taes.
Wed.
!
44
Thurs
Fr>.
“
11
d.
02...
44 5s
1 0i
4 011
Consols for money
Consols for account
Fr’ch rentes (in Paris) fr,81*221a
O.8. 41sa of 1891
11058
4 2730
U. S. 4s of 1907
Canadian Pacino
5.314
85
Chie. Mil. &8t. Paul....
30
Erie,common stock...
Illinois Central
121
57^8
Pennsylvania
81*3< *2
11058
11050
12710
1271s
! 52 *3
84i0
! 29 lg
53
84 bj
3010
122*3
5~l8
11U4
3a
1014 .
81-50
1017
1010
11050
1‘2670
1 H)is
4 2 6 7s
111
5 i
30
12‘. hi
i' ‘"’A10
29 H
57U
lllois
11o34
“
L
tot,-li
0
740%
nils
©tframetxtal and HSUscellatiecnta J|cws
National Banks.—The folio
organized
wing banks have recently been
:
National Bank of Commerce of Tacoma, W. Ter. Capital,
F. M. Wade, President A. F. McClaini. Cashier.
Kansas National Bank of Topeka, Kan. Capital, $500,000.
Sam’l T. Howe, President; R. M. Or me, Cashier.
Second National Bank of vicPiieison, K m. Cipital, $*'0,OOo.
O. Heggelund, President; O. Aug. Heggelu.id. Casino*.
Asbury Park National Bank. N. .1.
Cipita1, $ 00,00 0.
Egbert Towner, President; Harold E. Willard, Cashier.
$20o,0 )0.
Imports and Exports for the Week.—The imports of last
week, compared with those of the preceding week, show an
increase in both
dry goods and general merchandise. The
total imports were $9,395,604, against $6,816,005 the pre¬
ceding week and $7,761,327 two weeks previous. The exports
for the week ended Sept. 20 amounted to $6,230,813, against
$4,926,899 last week and $6,725,051 two weeks previous. The
following are the imports at New York for the week ending
for dry goods) Sept. 15, and for the we8k ending (for gen¬
eral merchandise) Sept. 16 ; also, totals since the beginning o'
the first week in J anuar y :
FOREIGN IMPORTS
For Week.
1884.
Dry Goods
1885.
1886.
$2,972,347
6,423,257
$7,100,195
$0,829.38G
*9,283.419*
$9,395,604
*87,629,315
223,801,996
$74,071,237
$86,517,834
224,d34,2U
$90,848,215
244,003 632
199,226,721
Total 37 weeks. $311,431,311 $273,297,958
*
our
311,352,048 $335,451,8 47
report of the dry goods trade will be found the
FOR
THH
21
999,983
irr
13,733,990
!
*
Th-se bonds have not only the city credit as their security, but
also a specific lien on certain property.
The advt rtisement
will be found under “ B inking and Financial.”
are
—The Ontario Silver
Mining Comp
its usual
my announces
dividend of $75,00), for August, miking a total of $8,600,000
paid to date. The present diviienl is payable by Messrs.
Lounsbery & Co.
—The Daly Mining Co. has declared its sixth and seventh
divi lends of 50 c »nts per sliar-3, or $75,000 in all, pivible
Messrs. Lounsbery Sc Co., Mills Building, on the 3()th iust.
by
—The friends of Mr. J. Hugh Peters will be glad to observe
that he has heeu reinstate i io full membership at the New
York Scock Exchange.
auction
by Messrs Adrian H. Muller & Sun
Shares.
200 Liberty Ins. Co
91
50 A lie icau Loan Ai £T\ Cj. 120
19l2;i Chicago G
is £V. Cert .
43
50 * merman Luan Sc Tr. Co. 123
300 Ginn. Hauiil. Sc IXtyto.i,
Pivf
15 »4
300 Union S oe’i Ya ds, Lim.,
this
week
at
:
Shares.
C8 Butchers’ & Dm. Nat. Bk 165
5 Fid mill Agency
50
200 Cum. II null. Sc Dayton,
Prof
1514
170
133 9 audird Oil Trust
‘20 Stayvesant Fire [11s. Co. 120
70 J Santa Eulalia Silver Min¬
75
$12 lot.
ing Co
-
Dnakiag and fftaaactal.
The following is a statement of the exports (exclusive of
YORK
13.5 8,874
13,80 .,678
13,0 .9,191
—Messrs. Griswold & Cillett offer for sale some of the 6 per
improvement bonds of the city of Topeka, Kansas.
specie) from the port of New York to foreign ports for the
week ending September 20, 1887, and from January 1 to date:
NEW
14.288.637
cent
ports of dry goods for one week later.
EXPORTS FROM
134,225,588
134, -43.282
134,053,173
$
13.319,877
13,638,070
13,988,015
,
ofOnialu, Neb
In
$
13,909,093
11,2 17.031
14.798,552
Auction Sales.—The following were sold
$2,781,490
6,109,959
Total
Since Jan. 1.
$
134.73 1,137
131 413,142
134.420,117
Currency.
City Railroad, President Q ligley resigning: Mr. Quigley’s
resignati >n was accepted by his brother directors only at his
own urgent
request. The Times says : “Mr. Callaway, his
successor, is his close personal friend, and it was to gain for
the company the valuable services of the Union Pacific
veteran tnat Mr. Quigley insisted on vacating the
presidency.
Mr. Quigley is one of the largest security owners of the Tol¬
edo Sc. Louis & Kansas City road.
He took-hold of it nearly
six years ago, when it was in sad
shape. He became a leader
of security holders whose rights were endangered, and made
a fight t’»at finally
has enabled him to establish a united road,
chauged in half its length to sr,an lard gauge, and a hilf mile
more
being broadened daily, and, best of all, a road that is
paying. All of the old disputes are settled, all the old snarls
are untangled, and
Mr. Quigley has bee i '» '(.< li xMnhis
friend Callaway a pra ctical railroid man who can give the
road the management it r quires.”
1887.
$2,291,295
4,538,091
•
Gen’l mer’diee..
VOKA.
$2,399,986
4,700,209
Gen’lmer’dise..
Dry Goods
AT SHOW
1M.(>00.231
Coin Cert's.
0oin>
Toledo St. Louis «fc Kansas City.—Mr. S. R. Callaway, late
General Manager of the Union Pacific Railway, ha* been
elected to the presidency of the Toledo S:. Louis & Kansas
10
27-10
53
85 H
30 L3
123
3 j5q
iim
25,528,663
1,981,681
-rt
57
2978
1.615,3 17
1.595.S00
111,108,74 L
1.872.493
2 168.515
1,520.2 M
2.4 18.852
2.8 40,711
2.7 40.45b
2,4 18.705
8 i*o0
5430
8530
30 a4
\2L\
S4^
121
415g
44Vtf,
101 710
1010
81-60
lOD.fl
1015,6
IOH10
3033
1105$
Philadelphia & Reading
New York Oontr!*!
4450
10130
10 Da
4 4 n3
|
$
6.475,416
19
20
21
22
23
“
Mon.
Sat.
payments.
1
8ept. 17
London.
393
United States Government and other desirable
WolEK.
SECURITIES
1881.
1885.
$7,068,417
231,257,19 i
For the week...
Prev. reported..
1886.
$6,749,352
227,672,007
1887.
|
$7,609,142
Now York for the week ending Sept. 17, and
1, 1887, and for the corresponding periods io
EXPORTS AND IMPORTS OK SPECIE
.
AT
NEW
Fxporlt.
Great Britain
Fran 00
$.
5, DJO
Germany
West Indies
$123,553
22,057
9e8,101
2,315,132!
487,IL4|
Total 3 8^5
N
CITY
$944,840
780,2 7 4
1,8-9.141
10,285
$3 9 19.850
21,2(50
28,657
210,('87
.269,013
I
$5,100
105,000
1,029
HARVEY
28
Since Jan. 1.
SIX
10,2 52
$6,289,074 $3,623,457 K21,207,371
37,130.684 1,241,468 11.009.331
6,403,146
361,785
0,54 1,052
FISK
OF
TOPEKA,
CEVT
PER
a
$175,200
7,009
France
German.
West
_
_
.
Mexico..
South America
All other countries...
Total 1887
Total 1886
Total 1885
799,173
168,640
19 4,6*49
$
56,479
3,400
......
40,600
39,188
$209,072
4 8.073,191
$45,975
$1,468,502
187.197
7,515,351
14,100
1,34 *,651
52.3 51
1.43--,4'2
2.V 00
3,287
21,358
203,330! 12,4*2,532
imports for the week in 1887 $444,204 were
coin and $4,348 American silver com.
United States Sub-Treasury.—The following table shows
the receipts and payments at the Sub-Treasury in this city, as
well as the balances in the same, for each day of the past week:
Of the above
American gold
Yopk.
KANSAS,
BONDS
IMPROVE.11 ENTS.
These bonds,
besides beinur based
all the Abutting Property, valued at $6,!>3*g,000
on
on
the credit of the City,
Assrsspd valuation of the City
Actual Valuation over
Total Indebtedness Exclusive of this Issue
—
FOR
are
$7,276,234
$25*000,000
-
$422,900
Fopuiation, about 40,000,
FURTHER
PARTICULARS
3
CALL
&
ON
OR
ADDRESS,
KILLETT,
WALL ST., NEW YORK.
2.216
3,872
.
SONS,
First Lien
$211,665
149,400
395,635
70,8 <9
209,317
429.370
_
In<Ves
$3,792,242
monthly balances
IMPROVEMENT
U R I S \V O f, D
Silver.
Great Britain
&
Street, New
vssau
ISSUED FOR STREET
5,20 \59 J
8,419,61 4
3,145.655
Exchingo bought
subject to draft at sight.
YORK.
Week.
‘
Total 1887
Total 1886
‘
Since Jan.1.
2,372,217
Mexico
•
South America
All other countries...
All stocks and bonds listed on the New York Stock
and sold on commission for cash.
Deposit accounts'received and interest allowed on
Imports.
Gold.
Week.
INVESTORS.
215,833,958,' 212,604,232
The following table show’s the exports and lmnorts of spe< ie
at the port of
since January
1886 and 1885:
FOR
$6,220,813
TOWN OF
HELEN A
RED
Sc
S1LI.VA, N. V., 4s,
MOUNT 4IN,
6s (No. Pac. guarantee),
CRAWFOHDSVILLB, UVD,, WATER WORKS CO., 6*.
CITY
OF
CINCINNATI
6s, 7s, 7 3-10s,
SARATOGA, N. Y., GAS Sc ELECTRIC
LIGHT CO. 6*,
40,000 CITY OF ROCHESTER 7s, Due 1903,
FOR SALE
liY
COFFIN H STANTON, Hankers,
10, 11, l'J and 13 Mortimer Itnilriinff, Wall Street, N, V.
THE CHRONICLE.
394
The rates of leading bankers are as
give gtaultcvs' (fettle.
Name
dividends have recently been
I
Per
Cent.
of Company.
Prime bankers’ sterling bills on
Prime commercial
Documentary commercial
Paris (francs)
announced:
When
jPayable.
Frankfort
■
KallroadH.
Evansville <fc Terre Haute (quar.)
1J4
Banks.
3
Chatham Nat. dinar.)
ITCis<*el!aneoii«.
O
Equitable Gaslight (quar.)
WALL STREET,
^Oct.
tact.
Oct.
20
1
Sept. 24 to Oct.
Bremen
Sovereigns
2 ; Napoleons
1 to Oct. 15
FRIDAY, Sept. ‘23. 1SS7-5 F.
or
31.
X X Reiclmiarks..
X Guilders
$4 83
3 84
4 73
3 96
Demand.
4 30kj
i 7SI2 d 4 T9
4 78
t 78 8)
5 2'.7gs35 9 14
4 85
5 24^8 ®5 23%
a < 17.1
(reiclimarks).......
Coins.—The following are
Sept. 28 to Oct. 17
15 Oct.
London..
.
Books Closed,
{Pays inclusive.)
follows:
Sixty Pays.
September 23.
DIVIDENDS^
The following
{Vol. XLV.
94
94 ^Tv 94 Ss
®9D8
quotations m gold for various coins:
86
To 3 S3
'<£• 4 77
7b 4 <>o
7015 70
'a 15 65
Silver Ds and ^s.
Five fnuies
Mexi.-im - ‘ollars./
1 mi iincommerc’1
.
—
—
—
—
99%®
93
7 ;
75
7s
TO
®
7b
Peruvian Mils.,...
Span’l) doubloons.15 55
4 77
W
English
r
Mex. Doubloons.. 15 55
75 Ti)
70 %prem IT. K. M ade .!<>ll;r S’
Fine gold bars
par
99 %®
97:5s U. S. silver dollars
Line silver bars... —967e®
i
Dimes & % dimes. — 99 V® par.
—
—
—
—
—
—
95
.
77
761*
74^
4 85
Market and Financial Situation.—In the early
i* bo”
part of the week there was so much talk about stringency in
the money market and the want of accommodation by mer¬
Now demonetized.
chants, that stocks were seriously depressed. Afterwards there
United States Bonds.—The sales of Government bonds
was a recovery from this apprehension of trouble—for such it
have been quite small at the Board, though prices have ruled
was rather than a present difficulty—and later still the Treasury
strong, especially after the issue of the Treasury circular.
The
circular had a moral effect in conveying the impression that
4^s
have advanced the most, being now £ higher than a week
more active measures in bond buying would Tiring out more
ago.
The offerings of
per cents'to the Treasury under the
money.
old arrangement were small this week, amounting to only
The fact has become evident that the banks and money
at prices rang¬
lenders much prefer loaning on good collaterals rather than to $1,370,300, of which $1,0(55,300 were accepted
ing from 107*90 to 108.f. The Treasury Department has adopted
buy or discount commercial paper, and this inclination lias been a new
policy, having-issued a circular on Wednesday announc¬
quickened lately by the failure of one or two houses, wjrh a
ing
its
willingness to purchase bonds on the following terms:
bad showing, and a record of certain methods of dealing
8 the 4^s will be purchased daily at 1<>8*4, and
which almost amounted to false representation.
As a conse¬ Up to October
the4s at 125 till Oct. 1, and after that till Oct. 8 at 124; the
quence of these circumstances, a great.deal has. been heard of total amount taken to be limited to $14,000,000. Under this
the need of accommodation in some branches of mercantile
about $4,500,000 have been purchased thus far.
business, while borrowers in Wall Street with fair collaterals arrangement
The closing prices at the N. Y. Board have been as follows:
have had no trouble in getting all the money they wanted.
[
The stock market was knocked down in the early part of the
Interest Sept.
Sept. ! Sept.
Sept. Sept. Sept.
22.
23.
19
Periods
17.
week, but it recovered quickly after each decline, and there lias
i -0 ! 21.
been no great falling off in prices. The reports from one quarter
10338 108%
4i*2S, 1891
reg q .-Mar.! 107% '107%! 10 %*10<
and another indicate that railroad building
on
—
The Money
—
*
'
is going
more
-conservatively, and work on entirely new enterprises will not
be undertaken to so great an extent this fall as it was last year.
A review of railroad building in the Investors’ Supplement
to-day gives the main facts relating to the construction-of
roads this year.
The reorganization
4
.-Mar. *107%
48js. 1891
coup.
4s, 1907
reg. C,>.-Jan. 1*123*2
coup. (,L-Jan. 1*124*2
4s, 1907...
reg. J <te J. *122
6>, eur’ev ,’95
6s, eur’ey, ’96
re^ J & J.;*12i
& J. *126
6s, curVy, ’97
reg. .1
6s, cm’ey, ’98 —reg. J & J.i*l/S
& J.[*130
reg. !J
tis, eur’ey , ’99
.
.
.
.
.
10 s q
10s
*107*^*108
123 Hi *12 T’S *12382
l2i>e
*124*2 12 .*2*121*2 '125
*
122
122
*122
!*122
'124 83
*12 t
i*12 1
‘124
*
*126
*12?
*130
1 *L
6
1*1
|*126
s
*128
l*i3il
|'13«)
'127
129
*130
*
*103
*123"g
*12 t78
*122
*124
*126
*128
*130
railroad after another, while there
lit! w
111 tde.
This is the price bid at the morning boa d
are no new defaults,
is placing the whole railroad field in a'
loads
have
been modState and Railroad Bonds.—State
remarkably good situation so far as the financial appearance is
concerned, and when the year 1888 opens there will he very crately active, though no class has shown any particular activity.
The bulk of the business has again been in Louisiana consol.
few insolvent companies remaining yet unsettled.
The open market rates for call loans during the week on 4s, at declining prices.
of
one
*
II >
IS
The market for railroad bonds lias been weak and unsettled,
collaterals have ranged from 3 to 7 percent.
To-day the rates were 3($G per cent. Prime commercial paper many of the loiver-priced and more spent.alive classes having
declined sharply. An examination of our bond table oil another
is quoted at Gl@8 percent.
The Bank of England weekly statement on Thursday showed page will disclose the fact that a large n mber of bonds have
a gain in specie of £285,000, and the percentage of reserve to
gone to the'lowest prices of the year, and in many of them the
liabilities was 454)8, against 44*40 last week: the discount decline has been quite marked.
4 his weakness has been most
rate remains unchanged at 4 per cent..
The Bank of Prance noticeable in a few of the speculative classes, though nearly
lost 150,000 francs in gold and gained 775,000 francs in silver
In the latter
every bond oil the list has suffered more or less.
The New York Clearing House banks in their statement of part of the week a better tone prevailed, and a re-action occurred
Sept. 17 showed a decrease in surplus reserve of $334,(550, in the prices of many which had been conspicuous in the
the total surplus being $3,810,075, against $1,154,325 the pre¬ decline.
vious week.
Railroad and Miscellaneous Stocks. —The stock market
The following table shows the changes from the previous has been somewhat demoralized the past week, and business
week and a comparison with the two preceding years in the was active at declining prices.
There has been no important
news of an
unsettling nature, but a great deal has been said
averages of the New York Clearing House banks:
and written about the scarcity of money, both in speculative
1885.
1886.
1887.
DiffYnc's fr'mI
and commercial circles.
The bears ha-e made the most of
Prcv. Week.
I Sc-i>t. IS.
Sept. L9.
Sept. 11
this money scare, and it has been thebasi.- of many exaggerated
$
$
$
$
!
reports of its influence on speculation and legitimate business.
Loans and Gisc’ts 347,096,100 Dec. 3lt>,800:337,307.600 328,500
ThU has, in fact, been the only prominent feature in the
6s,9.11.*
Inc
OO
811.200;
74,092,
OO
110.-53,900
Specie...
week's business, and its effect was sufficient to bring about a
S.
128,6oO
1
nc
10.400:
8,107.
IOO;
9.73S,0)0
Circulation
342,880.500 Inc.
43,000 345.77 2,300 388, i 31.500
Net deposits
2o,608,200 Dee. 1,135,100j 20,03o,0u0. 3 >,9 <0,9o0 sharp decline in the early part of the week, which lias been
Legal tenders
followed by an unsettled and irregular market, but a decided
65,720.125 Inc.
10,*50 86,413,075! 97,032,8 5
Legal reserve
recovery
in prices. The decline was sharpest on Monday and
89," 39,-00 Dee. 323,901): 94,125,200 114,2i0.s00
Reserve held
in the early dealings of Tuesday, when a good many stocks
7.682,125! 47,177,925 touched the lowest prices of the year. The transactions on
3,819,675 Dec. 334,650;
Surplus
Exchange.—Sterling exchange has been quite dull during these days were large and accompanied by considerable excite¬
the past week and somewhat unsettled, in consequence of the ment, the bears apparently having the* market at their mercy,
extensive purchasing of stocks here for foreign account. This and very little resistance being offered to the decline.
Nearly
caused a free offering of security bills, and weakened actual all the leading stocks shared in the depression and specialties
were less prominent than usual
rates for business somewhat, and posted rates are* now quoted
in such a break. Many of the
alike by all drawers, viz., 4 80.V and 4 85.
About $3,500,000 less active stocks, too, had sharp falls on small transactions.
Much has been said about the Treasury policy in relieving
gold has arrived from abroad since our last report, and the
tin*
money market, and many theories lui'-e been advanced as
weakening of rates renews the impression that more will be
ordered shortly.
suggestions. The offer of the Secretary to purchase more
To-day the rates on actual business were as follows, viz.: liberally, and on daily offerings till Octobers, an amount of the
Bankers' GO days’ sterling, 4 79.jYd)4 SO; demand, 4 84@4 844. 4s and 44s. not to exceed $14,000,000, was well received by
Cables, 4 841 ($4 85. Commercial bills were 4 784; Conti¬ Wall Street, and caused a somewhat relieved feeling on Thurs¬
nental bills were: Francs, 5 27$@o 20|- and 5 24|(d)5 25|: day, when there was a sharp recovery from the previous
decline.
These purchases, with-,the anticipation of interest
reichmnrks. 94 and 94J@94f; guilders, 39|/£39f and 39|.
The following were the rates of domestic exchange on New
payments due October 1, will probably release a . consideralile
York at the under-mentioned cities to-day: Savannah, buying amount of money from the Treasury, and should have a decided
par; selling
premium; Charleston buying 3-1(5'dis¬ moral effect in stopping some of the talk about the money
count; selling par; New Orleans, commercial/ $ V 75c<£$2 00 market.
To-day (Friday) the market was less active and somewhat
discount; bank par; St. Louis, 75c. discount; Chicago, 70c.
discount.
weak, the close being at or near the loiyest for the day.
stock and bond
.
.
September 24,
CHRONICLE.
THE
1887.]
395
SEPT. 3 8, AND SINCE JAN. 1, 18S7.
STOCKS-FRICES AT N. T. STOCK EXCHANGE FOR WEEK ENDING
Sales
HIGHEST AND LOWEST PRICES.
j Range since Jan. 1, 1SS7
of the
STOCKS.
Monday,
Sepc 19.
Saturday,
Sept. 17.
Chesapeake A Ohio
j
53 %
70
■
'
3334
j
*5
9
pref.j
Do
2d pref. j
Chicago Burlington <fc Quincy.
Cilieago Mi1 wallkee'& St. Pan!.
1st
Do
Chicago & Northwestern
\
131
i2 du
1 5
MO
Chicago Rock Island A Pad lie.
Chicago St. Louis a Pittsburg.
,
•
15
43
j
•i;>:U 44%
pref., 10; % 107%
Do
50
15
127
25
ClovelaadCol.Cin. Jrludiaiutp.i
2 ID
21
Columbus Hoekiug Val.A Tol.;
Delaware Lack aw anna A Wes’1 12.8% 129%
25% 2. > %
Denver A Rio U., asaessm't pd
Do
.
East Tennessee Va. & Ga. R’.v.
Do
1st pref.j
Do
2d pref.
Evansville & Terre Haute
i
Fort Worth A DenverCity
!
Green Bay Winona
<k
pd..|
Pembroke
Lake Erie A Western
I)o
do
pref.
Lake Shore A Mich. Southern.
00
■80
pref.:
Illinois Central
Ind. Bloom. A West., ass.
Kingston
;>.>
A St. Paul.
Do
50%
10%
pref. |
11%
*10
*15
25
118
11834
j
*
*33* * *33i4
J
14:U
:
44%
93%
15 i
44%
94i4
21
90
*15
110
13
31
14
11034
13%
35
i.
]
Mil. Lake Shore A West
Do
80%
*
,
*
pref.
Minneapolis A St. Louis
.
*
pref.
Do
Missouri Kansas A Texas
Missouri Paeiiic
Mobile A Ohio
...
12^4
25%
24%
94%
*12
75
Nash v.ChattanoogaASt. Louis
New York Central A Hudson.
New Y. Chic.A St. L., assent’d
Do
pref., assented.
New York Lake Erie A Wesl’n
Do
pref.
New YTork A New England...
New York Ontario A West
New Y’ork Susq. A Western...
Do
pref.
Norfolk A Western
Do
pref.
Northern Pacific
Do
pref.
Ohio A Mississippi
107%
80%;
29»4
29%
9%
!
25
117
14
'
32%;
14
1
42%
40
92%
93%
90%
90%
r
14%
27%
285%
04%
85
58
30%
94%
80
88
%l
82
n
10
28
1
05
j
-p
0 •>
4D4
73A
SD
24
*14
14
14
30
98%
30%
08 34
38
07%
83%
85
85
85
4,100
83
2,975
1,055
2,300
1,350
88
89
88
00
32 34
5934
01%
31
01 %
35
97%
90%
97%
84
82%
79%
84
81
80
92%
70
71
25%
23%
02
73
100% 107%
14%
20%
!
29%:
15%
28
20%
03
28%
0134
30%
10%
*
30%
10%
52%
| *17
29 D
; wh.
IVllMcelluikcouH stockw.
Colorado Coal A Iron
Consolidated Gas Co
j
Delaware A Hudson Canal...!
i
30%
107
25%
5Jk.
D.%
2S%
29%
42
44%:
3(5%
33
i
Philadelphia Co., Nat. Gas
;
34
S4
35%'
32%
34
32%
03%
89 *4
90
89%
j
;
75%
Express Stocks,
Wells, Fargo A Co
70%
<
150
145
107
'70
120
Adams
American
United States
m.
i
5 -y
130
24
223.4
93%;
02%
73 34
11
74
24 %j 21,82c
03%’ 45,04 8
350'
11
!
743.4!
10734 108 |
15% 10%
29%|
120
120
70=4
150
*140
*105
08
*120
107
73
120
03
ioo
85
50
82
34
20%
“j
Marquette Houghton a On...;
Do
pref. |
34
Mexican Central
'
New York Lad:. A Western..
Ohio Saut.icrn
j
Oregf.u Snort lane
:
84%;
34
34:4
the
04
0
+5)0
30
101
101
31% 3 1:4
"5
34%
10
25%
2 1
IO
OO
2334!
24%
8801
5,8051 22%
20.441! 18%
ib I
40
120
100
43
Sept.
SO
30
01
Fci).
Jan.
Feb.
7,050
07
‘98%
98%
37%
9S%!
0,00, >
37
37
85%
31%
90 >4
87
3,00-«
2.755
90 k Sept.
3 1
S.-pt
si
All-.
31%
90
147%
78 '4
73%
*140
*105
*03
128
83
35
92
147 %
11
9D
40
4
•>:’a
150
107
73
128
33%
3D4
94
95
74
74
120% 127%
*8'
9%
12
40
*8
J
A
*
14%
i
5
12
19
*3%
534
‘8
10
80
1 1%
18
5
*23
30
*17
5%
*
*22
17%
20
5%
30
28.70G
4,450
32%
89;4
1,429 139%
147% 147%
74
74% 173,020 07%
1 0
.
3(>
9D
22 k.
34
1 2D
27
10
24
6
Jan. 17
87% Jan. 17
05
Jan.
17
27j 44% May 26
2] 84% May 26
4%
534
*5
*23
GO
200
500
500
81s
8s7
80a
80
100
1 7%
0
20
325
125
200
325
300
100
33%
31%
13
28
1(>%
13%
20%
13%
20%
2534
24 kj
25%
53% May 19
80
Set.
105%
51%
10534
5s>%
Sept.
Sept
.fall.
J une
May
Apr.
May
May
19
.18
31
US
Apr. 7
115
Feb.
15:>:,H May
8
23
79% Sept. 9
13934 Jan.
1152 Aug. 5
Sept. 20'118% May 14
Feb. 17 70
Aug. 31
June 6
Sept. 20 137
10
19
34
Sent 20
215 IOO
30 6*3
98 120
00
33
Sept.
12,770! 30
72
30
20
s'
05
53
lucj
31%
5
2014
9%
22%
16
40:,b
IOI
102% 103
23% 24 %
52 %
52%
17% 1734
31 %
8 1 %
23%
O
33
0
10
19
88
14
32
20«4 May
39
05
04
*99
04
14
38
22%
47:4
71 34
98
'5
...
24
1(»
3,350
31%!
•i
%
20
.
72
72%
*13%
8
37% May 18
Sept, ,20! 35% Apr 12
Sept 21! 70
May 23
Sept 21 i 00 Mar. 29
Aug. 251 20% Jan.
3
Feb. 14
Sepr.,201 14
Sept. 211 38% Feb. 14
Sepi. 20; 23% Jail.
3
Sipt. 20 55% May 16
•21:
34%
Sept.
July 18
Aug. 25! 03% May 19
Fob.
1; 32% Apr.
4
Sept. 20 35% Apr. 7
Sept. 21; 30% May 25
70
130
r*
Sept.
33%
*3
1 7
5 D
Do
pref.. |
Rensselaer a Saratoga
!
8t. Louis Ait. A Terre Haute..,
St. Louis Ark. A.Texas
j
Columi'U" A Hocking Coal
:
New Cential C* al
25
Tennessee Coal A Iron
Various stocks Ac. (Uni isted.)
Amer. Cot to. Oii Tru>t
30%
are
*
13
20
84
13
19% Jan.
88% Jan.
3
20.114% May 19
Sept.
5 TsO1
225 109% Sept 21; 120
June 2
3 204 55% Jam
11 05
J une 20
58 D 99
2 11434 May 23
Aug.
950 97
Sept 2 1(120% May 27
:-! 35% May 23
Feb.
38,000: 20
3> 175! 50
Sept 20' 0;;34 May IS
•>
7 SO
l ! 22% May
13% Fet».
6
e 310;
23 3.A Feb.
38% May 18
0
21
35
03% Apr. 18
Sept
i
Quicksilver Mining Co
|
10
*
5%
2,520;
15%
734
2
31
9
19
21;
10% Sept. 20,
70
2,055; 2< % Sept .21
0,9.0!
......
4
18
0" %
97 >4
35
38
85
4
5
*9
98
10
22
21 % Sept. 20
34% Apr.
S934 Sept. 21! 112
May
32%
10:)
*8 D
10
20
5
19
18
7,35u} 14
|
May 14
70% Apr. 14
2d 0734 June 11
0,8 SO 17%
20%;
1
Fe»».
50% 504,007 i 34
24 % 12 -,0471 20% S'cpt 21
10
June 30
3i
10,402; 105% Sept.
1,03'
•-,u
10
2,100:
May 10
Apr. 29
Apr.
Apr.
May
May
4119
Jan.
May
21!
20% Apr.
Sept,
.20'
48% May
Sept
39% 129,274; 30%
9%!
Feb.
20% I
59%:
23%'
150
11
1
03 34 Aug. ■3D 101%
49
Sept. 10 04%
80
Aug. 1 95%
0: 91%
00% Jan.
29% 1 71,390; 27
04%!
2,31 0; 01 34
Inactive Stocks,
Buffalo Roch. A Pittsburg
j
Cedar Falls A Minnesota
!
Chicago A Ind. Coal IP wav...!
Do
pref
Cincinnati Wash. A Baltimore.
Do
pref.
Des Moines A Ft. I) dgo
57
",197:
24,514
145
145
145% 115%
x70% 72%
140
100
110
73
.
G**’
Sept. 20j 24%
Sept, 2c 01
80% Aug. 1 9834
85
Sept 20; 9934
21%;
50
25
!
05%
80%
7,000
11%
25%
53 %
17
30
7
Apr. 11
118% june
13
40
10,4431
~
22%
88 %
3734!
7
7
3
41%
100
30%
07*4
90%
17
18
17
Sept. 20
41%
24 %
50 34
20%
21%
05
33%
09'.4
97:4
50
20*4
99% 100
30
07
90 34
31
SI
08 %
Oregon Improvement Co
'
Oregon Railway a Nhv. Co...j
Pacific Mail
|
20
110% May 17
22
Apr. 22
52% Apr. 22
5 t % May 17
10
3034 Jan.
20 139% June
2,710; 30% Sept,
11%
25%! *24%
31%
1%'
j
104
j
30
20
‘8%
le.%
17%
29%
4 1%
00%
00% 07%
07% 09
112
*107
109
100% 100% HOB
07
30 127% June
155% June
20
20
21
27
20
20
20 34
15
48
103
i
25
503j 52%
.Tune 13
Jan. 13
23
11% Jan.
15 150
May
1
05
May
7 0 127% May
8 34
*78
33
!
3
Sept. 20
Aug. 31
25%
22%;
50%
25%
50 ,
loo
32
8
20%
10%
58%
22%
02
100
101
21
15%
03%
0 l %
80%
May 19
Apr 13
43*% Apr 12
5%
8
9% Jan.
0
Sept. HU 17
Jan. 13
55% J a rt.
25
2134'
0
8134
103
107% 10734
15% 10%
2 8 34
20%
20% 20%
03% 04%
38% 40
10 34
10^4
23 %
!
81
31
|
Os 34
94
00
8,018!
| 58,050'
1,005
I
01%' 05,235;
00
01
*10%
110% 110%
uo
03%
82
102%
11%
102
11
23%
89%
4,953
32
913s
10%
23%
15%
443.4
14%
42 34
14%
423-4
03%
100
10
15%
42
98 %
100
10
23
22
10
44%
04%
83%
G234
14%
40
80
9% Sept. 20
49 D .St*id. 20
40
July 30
lJDOj
20%
10%
81
31
07
pref
8t.Paul Minneap. A Manitoba *105
Texas A Pacific, ass. pawl
j1
2l%
These
Highest.
3234 Apr. 14
0,3% June 4
4,807! 0% Sept. 2D 17 Jan. 3
1,8 15 52
Sept. *. 1 82% Jan. 13
4,400! 10 Sept. 21 32 Jan. 3
100
SO
Sept. 20 100
Apr. 9
2,300| 21 % Feb. 4: 02% May 7
7 3.| Sept 21
17
Apr.
7
Aiur. 24
28
May 31
*.*! 17
2,055 fli 10 Sept. 19 138
May 28
2,895; 12 Sept, 20. 27% Apr. 1
1,4701 30% Sept. 20 47% Apr. 21
118% 119%
117% USD
14% 15%
118% 118%
40%
2534
47%
Pipe Lille Ce- titieates
j
_
-r
"44%
14
42%
92%
GOO
D,3.)2i
25%'
51%
25 !
Do
pref |
Rome Watertown A
Ogdensb’gj
St. Louis A San Francisco
1
Do
:
prof
Do
1st pref,
St. Paul A Duluth
;
Do
Sfej&t gij
|
Lowest.
700!
%’
.(,(4 Aug.
! 134 %134 ig
2 073 131
Sept.
83%;
S2% 83% 196,973 78:4 Amr.
lls
110
1,085
110D Sept.
118%
11314 112U 113
40,4 GO 100
July
583 13s% Jan.
14 ID ;H41D144
120% 120
120%
4,080 11G34 Sept.
700
It D
13% 13Dj
12‘‘4 Sept.
3.410 35
30%
J an.
37% 37:U‘
43
1
42% 43%l 15,5(0 30;c Sept.
2,210 104% .Sep!.
107% ’ 107
107%
52
52
!
4,G0o 49
St l>t.
1 SD
10D
10
5,040 15
S< p
19%
12GD 12s34! 127% 128% 102,007 i2.p4S. pt
1
253s 20
21% Feb.
7
134
41%
21%
Pullman Palace < ar Co
Western Union Telegraph
50
17
31a|
9%
40 34
WestP’ntTerminal!
Wheeling A Lake Erie
!
2,075
30%
23%
48%
23%
50%
Union Pacific
Wab. St. L. A l\,P. Com. repts.
Do
pref.
Week,
Shares
2,080
G,750
21,445
21,210
15
|
A
o' 7
8
Peoria Decatur A Evansville.
Richin’d
3%
24%
Oregon A Trans-Continental.. I
Philadelphia A Reading
131%
8 1 %
117%
111%
1 10%
118%
20
80
80
4 1 %
45
Olo
9
*15
25
117
117%
12
13%
30% 31
14
13
45%;
10
51
58
*t
I
79-4 80%
86%' *84%
104
100% 104
106%; 100
12
12 I
10% 11
12%i
OO
24
24%'
2234
27 ^j
22% 24%
21% 23
25^8
92%
92% 95 j 90
95%
12
12
14
I
10% 10%
75
72
71
71%
75 I
1075s 100% 107% 105% 107
*16
*28%
20 %
10
41%
84
8
19%
;
,
]
<;
39% •t 1 %
104% 100%
58% 00%
60=4 01%'
Louisville A Nashville
35
40
40
j
Louis. New Alb. A Chicago...
| 35
Manhattan Elevated,consol..! 102%103% x98% 100
Memphis A Charleston
Michigan Central
Friday,
Sept. 23.
.
9
1
9%
;>0%
51
|
08
7<t%;
3*3
34 %
5
0
i
1
9
9
'
7
t
1
182
L »>«)
79 3..
82 >4
1 17
117 34
110% 111 %
*1 lo
1 12
118
117
;
12% 18 i
87
'
35
39% 4 1 %
107
105
50
no%
1st,,
17
12 1% 127
24% 2;>
57 %
57%
10
9 %
54
52
19
19%
7 0%
33 %
! 124 % 127%
25%
23% I'd D
50
57%
50%
10
10 34
10%
51
50
54%
*80
I
Long Island
110
HOG
49
20
129
20
4434
9%
53%
79%
110%
52
.
50%
Os %
131
131%
140
140
1 18% 121
*14% 15 %
39
38
40
43%
107
107
121 m
51
"*034
82%
117% IDS
110% 112%
‘
49%
32
0
9
81
prel.;
Do
pref.
Chicago St. Paul Min. & On;..
j
9%
9%
7%
%>'•%
pref.
Do
10
5 i 34
5 1%
7 1 3.1
33 ^4
0D
9%
9%
5 1%
-1
Do
'
Sent. 20.
.
-
!
j
Active lilt. Stocks.
Atlantic *fc Pacific
Canadian Pacific
Canada Southern
Central of New Jersey
Central Pacific
Wednesday,! Thursday,
Sept. 22.
Sept. ■a.
Tuesday,
1
j
1,100
5*0
1,300
700
0,410
r(
T*ni
loj
74% Apr.
6
Jan.
7
1
19
2o
07%
1: 99%
85
Aug.
7
3
Sept 19
4'*4 Sept 19, 10%
15
IO
Aug 24
20
.June Is
30%
,8 : 34 Si-pi 1 Til00%
13
Sup!. 20 22
109
102
Si p: 1
12
Aug. 30 22
31
17% S -pt. 21
5
8%
S-pt. 2D
25
Sept. 19 35
101
July 30 170
8
30
Jan.
45%
25
10
S pt 19
21
S.-pt 20 50
!>
Amr. 30
18
21 % Si-pt. 191 54%
9% Sept.
38
Sept.
Apr. 19
May IS
Jan.
13
Jan. 14
June 13
May 27
May 27
Apr.
9
May 28
May 17
3
Jan. 10
Jan.
May 14
Jan.
4
June
6
Feb. 12
Apr. 27
Jan. 11
Jan. 14
.
30%;
05%'
28%
0 1 %
20%
03;'g
*28%
05%
2034
04:%
prices bid and asked; no sale was made at the Board.
28 '4
00%
27%
05%
29%
09
28%
30
07 %
09
If Ex-rights.
18,204
g,0 7 6,coc
20% Sept.
July
54
.Tan.
75
3
Sept. 13
THE CHRONICLE.
396
[Vol. XLV.
BONDS—LATEST PRICES OE ACTIVE BONDS AT N. ¥. STOCK EXCHANGE, AND RANGE SINCE JAN. 1, 1887.
Closing.
Range since Jan. 1.
Railroad Bonds.
Sept.23 Sepl.16;
26
26
! 83
| 81
Atl. & Pac.—W. D. inc., 6s, 1910
Guar., 4s, 1937
5s, 1908404%
2d, 58, 1913.........
I 88
Cen. Iowa—1st, 7s, ’99, coup, ofl
Oentralof N. J.—1st, 7b, 1890.. 1054
Consol. 7s, 1899, assent
!
! 24% Sept.
b. 804 Sept.
j 89%
:
j
Highest.
!
38% June
Range
Sept. 23 Sept.lG
Lowest.
Aug. ! 94
1
-•
1105
410
410
b. 101% Aug
b. 1074 Jan.
b. 409 Jan.
6s. 1921. 119
Mil. Lk.Sh. <fe
W.—1st,
Michigan Div.—1st, 6s. 1924.. 114%
Jan.
J une
95*2 Jan.
104
Sepr.
h7 % Sept,
80
[
90
109
r
105
Can. South.—18t guar.,
Closing.
Railroad Bonds.
Lowest.
Minn. & St. L.—1st, 7s, 1927
80
Imp. <fc Equip.—6s, 1922
Mo K. A Tex.—Con., 6s, 1920...
Consol., 5s, 1920
May
110
119
Jan.
June
1 184 J line.
Convert. 7b, 1902, assent
! 105*4 Jan.
Adjust. 7b, 1903
108*2 June
j
1
Convert, deb. 5s, 1908
i s37s Jail. 105 June
j-*-Interim bond certificate
j 98
j 974a. 95 Sent. 100 Juno
Le’liA \V.B.,con.78,1909,as’nt
411%a 409 Sept. 116 Feb.
Am. Dock A Imp., 5s, 1921. .. j
99
1 06*2 May
Jan.
--4
Central Pacific—gold 6s. 1898..> 114%b 114 b, 113*2 Feb. 1184 Mar.
117 a 411% Feb. 416
San Joaquin Br. 6s, 1900
June
;
Land grant 6s. 1890
100
M ar.
1
July 105
110
Ches. A O.—Pur. m. fund 6s, ’98 110 1).! 112
Sept. 115 June
i 70
66
8 pt. 1 81
6s, gold, ser. B,1908, coup, oti
Jan.
!
6(5
Exten. coup., 4s, 1986
| 6 i Sept. ! 75*4 J an.
i
6b, currency, 1918
i 10
! 15*2 Sept. 32 Jan.
!
Mort. 6s, 1911
Feb.
j 93 1). 05 a. : 94 Aug. 100
Clies. O. A So. W.—5-Os, 1911 ..J 100 b. 10u%b, 101
Feb.
108*2 June
100
b, 103
Clilc.Bur. A Nor.—1st, 5s, 1926. 103
Sept. 107*2 Mur.
4 03% ;io3
due. Burl. & Q.—Deb. 5s, 1913. 104
Sept. 408*2 Apr.
I
Denver Divis., 4s, 1922
j
j 97 June 99 Jan.
96
Chic. A Ind. Coal K., 1st, 5s, ’36
! '. 9
l 96
Sept. 103*2 June
Ch.Mil.A St.P—1st,I.A M.Ts,’97; 116 b. 117 b. 118% Juiy 422*2 Jan.
124
;127
b.
%b.
Consol. 7s, 1905
12(>% Aug. 1304 J 1111c
let, 80. Min. Div.—6s, 1910— J 114 b, l i4 Va. 113 k Aug. 1 19*2 Juno
1st, Cld. & Pac.W.Div—5s, ’21 j 103 *4 a, j*0334
J am
1024 Sept. 109
I02%a. 102
Wis. A Min. Div.—5s, 1921
Mav
j
Sept. 108
i 102%u. 101*2 Jlllv
Terminal 5s, 1914
i
1054 May
138
Chic A N. W.—Consol. 7s, 1915 139 a ,L3«>
J an.
Sept. 142
127
Gold, 7s, 1902
! 127%b |127
Jan.
Sept. 133
120%b, 120%b. 1 17
Sinking fund 6b, 1929
May •120*2 Sept.
liUa b. 108 Jiln. i 110*2 Mar.
Sinking fund 5s, 1929
I
; 10814a. 103
Sinking fund debent. 5s, 1933;
Aug. 410*4 Mar.
103 b. 105 a. 103
25-year debent. 5s, 1909
July 109*4 A | >r.
b. 1284 Sept. 135
Chi. R. I. A Pac.—6s, coup. 1917. 120%b. 131
Jan.
: 10734
Extern A col. 5s, 1934
107
j
July 1 10*2 Feb.
Ch. St.P..M.A (>.—■Consol. 6s. ’30 i 16^* i l.Aib. 116
Sept. 124% May
b. 4 26 a. 123
St. Paul A 8. C.-lst, 6s, 1919; 122
July 127*2 J;iIJ.
!
Oh.St.L.vV Pitts.—1st,con.5s,’32 bb%b.
98 4 Jan.
102
Feb.
C. C. C. A Ind.—Gen. 6s, 1934
105%
105% Sept. 111 *2 May
Col. Coal A Iron—1st, 6s, 1900..; 97
97*1*
95 4 Aug. 104 4 June
4
98
06
Col. H. Y’al. A Tol.—Con. 5s, ’31 j 66
60
88 % Jan.
Sept.
<>7
Gen. gold, 6s, 1904
S< pt.
91
!
1 67 b. (i6
Jau.
Denver A Rio Ur.— 1st, 7s, 1900 120
4194
118*2 Feb. 121*2 June
1st con. 4s, 1936
77
j
76*4 Feb.
824 J une
1
Den. A R. Gr. W.— 1st, 6s, 1911.!
1
70
Sept. b2
Apr.
Assented
65
| 65
78
Jan.
Sept.
78*2U. 68
Den. 80. Pk. A Pac.—1st, 7s, ’05! 97 a
June
Apr.
864
Det.Mac.A M.—Ld.gr.3%s,1911
304 1 29
56
32
Sept.
May
1
94
a.
£. Ten. V. A G. Ry.— < ’on..5s, ’56 94
91
*2 Sept.
101% Apr.
'
90*2a. 95
Eliz. Lex. A B. Sandy—6s. 1902. 90
Jau.
Sept. 108
Erie— 1st. consol, gold, 7s, 1920 129 b 130 J2
1-4)
Sept. 137 June
11 ~%
Long Dock, 7s, 1893
112*2 Sept. 115
Mar.
Con. 6s, 1935
Jan.
115
120
118 a
Mar.
N.Y.L.K.AW—2d con. Os, 1969 984
I 974
934 Feb. 101% May
:
Funded coupon, 5s, 1969.
s5
Sepr. 95 *4 May
Ft. W. A Deuv. C. -1st, 6s, 1921 j 81
78
Sept. 98 *2 May; 82
Gal.Ilar.A San. Ant. —1st, (5s, 40
106
Feb.
109 *2 Mar.
2d M., 7s, 1905
408* a* 105 June 111 Jan.
i
West. Division—1st, 5s, 1931.
'.13*2
93% Sept. 100% Jan.
2d, ts, 1931
92*s Jan.
1
;
92*4 Feb.
Gr’nB. W. ASt.P.—1st, 6s, 19111
lo2 a, 99 Jan. 109 May2d income 88, 1911
' 33
! 344
30
Sept. 53
May
Gulf Col. A Sail.Fe—1st,7s, 1909 Llb% 421
118
Aug. 125 4 J une
Gold. 6s. 1923
102%
lolly
100
Aug. 1064 June
Henderson Br.Co.—1 st. 6s, 1931 j 107 *2 !
106*2 Mar, 110
Feb.
H. A Tex. C.—1st M. L. 7s
113
111
112
Sept. 1194 May
:
1st, West. D., 7s, 1891
'ill b. 112
108
Mar. 119*2 May
lst.Waco AN.7s, 19u3
412 b.411 b. 113
Feb.
1194 M a v'
2d, consol. M. L. 8s, 1912
94
Feb.
112
May
Gen. mort. 6s, 1921
61 4 Sepr.
i 65 a.
7a4 M ay
Ind.Bl. A W.—lst,prcf.,7s, 1900
120*2
119*2 Jan. 12414 Feb.
86
let, 5-6s, 1909
! 88
99
Aug.
May
2d, 5-6s, 1909
70
j
89*2 June
Sept.
Eastern Division—6s, 1921... | 87 b.
91
Jan.
9>*n May
22
Income, 6s, 1921
! 214
! 20 Sept. 34% Apr.
Int. A Gt. Nor,—1st, 6s, gold,’19
412
122
Mar.
Allj
88
87 kb. ! 86
Coupon, 6s, 1909
Feb.
Sept. 98
Kent. Centr.—Stamped 4s, 1911
64
Jan. ; 78
July
‘
Knoxv. AO.—1st, 6s. gold, 1925
94* li. 91 Aug. 100 Jan.
LakeSh.—Con. coup., 1st, 7a, 1900 125 b .424 b. 124
129
Aug
June
Con. coup., 2d, 7s, 1903
122 k
122*2 Jan.
126*2 May
!
126"
b.
Long Island—1st, 7s, 1898
120% May 125
Sept.
113
b .413
b. 112 *2 July' 115
1st, consol., 5s. 1931
Feb.
Lou. A Nash.—Consol., 7e, 1898 119 b 120 b. 118
Apr. 121*2 Feb.
N. O. A Mobile—1st, 6», 1930. 109 b .409
105
Jau.
113*4 Juno
98
aJ
98 a. ! 907b Jan
2d, 6s, 1930
99*2 MayE. H. A N.—1st, 6s, 1919
112*2b .112*25. 112
July 117% May
107 *2b ,409
General, 6s, 1930
107
Jan.
114*2 May
Trust Bonds. 6s, 1922
106
106*2
104*2 .Jim. 109
May
10-40, 6b, 1921
98
!
I
Jan.
103
A pr.
Lou. N. A. A Ch.— 1st, 6s, 1010. 110
Jail.
110 b. 109
115*2 May
Consol., gold, 6b, 1916....
: 90
94 a. 90
99
June
Sepr.
Mem. A Ch’lston—6s, gold, 1924 101 %
400 b. 100
Aug. 107
MayMetro. Elevated.—1st, 6s, I008 116 a. 117 a. 116
July 120*2 May
2d, 6s, 1899
!lo7
l06%b. 106
113
A pr.
Siqd.
Mexican Cent.—New ass. 4s
1
Fen.
7 5 4 June,
j 68 b. 51
Incomes, 3s, 1911
j
! 19% Sept.
•274 June
Mich. Central—1st, con., 7s. ’02 120%
128 a. I-. 6% Aug. 131
Apr.
Miss’ri Pac.—1st, cons., 6s,1920 113 b.114 a. 113
Sept 119
Apr.
3d, 7s, 1906
119 a
121
June i 126
Apr.
Pac. or Mo.—1st, 6s, 1888
1004b. 109%b. 100*4 Aug. 105
Jan.
2d mort., 7s, 1891
i
105*2 J uly 110*2 .1 une
b. 118
114
Feb.
Jau.
127
b. 130
Aug.
80
Aug.
90
90*2
Sept.
78 b.
78*2
Sept.
109 b. 109*2
107*2 Aug.
112
b. ;108% Feb.
1074b. 1074b. 104
May38 b.
47
Aug
..
....
64
.J 59*2
City & No.—Gen., 6s, 1910
N.Y. Elevated—1st, 7s, 1906....
a
---
N. Y. Lack. «t W.—1st, 6s, 1921.
j
Construction, 5s, 1923...
125
107
a.
Apr.
May
Jan.
Jan.
102*2 Apr.
j
894 Apr.
113*2 Jan.
414
Apr.
107*2 Aug.
66*2 Mar.
83
Aug.
125 4 Aug.
103
Aug.
„
N.Y.
122
121
133
90
81
88
77
a.
Consol., 7s. 1904-5-6...
Mobile <fc Ohio—New, 6s, 1927
1st, Extension, 6s, 1927..
lstpref. deheutuies, 7s
8a %
Mutual Un. Tele—S. f., 6s. 1911
*84***'
Nash. Ch. A- St. L.—1st, 7s, 1913 124*2b
N.Y. Central—Extend., 5s, 1893404
103*2
133 a
N.Y.C. it H.—1st, cp„ 7s, 1903i * 30*2
Debenture, 5s, 1904
;l07*4a.
N.Y.itHar.—1st, 7s, 1900
L
96%
N.Y.Cliic.ASt.L.—1st, 6s, 1921.. 96*2
2d mort., (is, 1923
j
Highest.
120
a.
Jan. 1.
since
89
131
Mar.
Apr.
107*4 Apr
130*2 Sept. 137
May
1106
M
110% June
133% Apr.
ar.
128*2 May
85
Jau.
!
j 70
i 58
Jan.
Sent.
| 99
417
425
July- 4 23
101*2 May
i
Set t.
May
Apr.
sO
Jan.
128% Apr,
4064 Sept. 110 Jan.
100
sept. 410% Feb.
69
Feb. I 77
N.Y.Sus.itW.—Deb.,6s,’97,cp.ofl;
Apr.
1st refunding, 5s, 1937
j 85 b.
| 90*2 Aug. 96*8 May
Midland of N. J.—1st, 6s. 1910! 110 a. 113 a 4 07
Aug. 115*2 May
I 73
N. O. Pacific—1st, 6s, 1920
j 72
69*2 Sept. I 86*8 May
North. Pad Me—1st, coup., 6s, ’21 Jll^ 414%a, 113% Si pr. 118*2
Apr.
Gen’l, 2d, coup., 1033
403 b. 102 *2b. 1014 Sept. 407% Mar.
James R. Val. —1st, 6s, 1936..
111
106*2 Jau
May
N. Pac. Ter. Co.—1st, 6s, 1933... j 102 b.
100
July 107*2 June
Ohio & Miss.—Consol., 7s, 1898.413
113
b
b.
114*2 Aug. 123
Apr.
413*21) 113
2d, consol., 7s. 1911
‘114
Sept. 119 Jan.
Springfield Div.—7s, 1905 ._..409%a. ! 109 a 109 Jau. 112*2 Apr.
102
Ohio Southern—1st, 6s, 1921.
105 a. 102
Feb.
102
111*2 Apr.
33
2d, inc., 6s, 1921
i 31 Sept. 50*2 May
j
34
91
b.
[ 90
Oregon Impr. Co.—1st, 6s, 1910
i 89
Sept. 102% May
Ore. R. it Nav. Co.—1st, 6s, 1909409 a. 110 a. 108
112
Jau.
May
400*2
Consol., 5-q 1925
99
99
Jan.
Aug. I06
99
S -pt. 104*2 Apr.
Oregon it Transcon,—6s, 1922.. j 92 b. 954a
Peo. Dec.it Evans.—1st, 6s. ’20.410 b.
110
Mar. 115*2 June
Evansv. Div—1st, 6s. 1920...-Feb.
106% Sept. 112
60
Rich it All.—1st, 7h, 1920. tr. red 564b.
56
77
Sept,.
Apr
Riclim. it Dan.—Cons., 6s, 1915409
8 pt. 115
409
June
110
a. 106
Debenture, 6s, 1927
Feb.
114
Apr.
N. Y. Out. A W.—1st. 6s. 1914..406
!
—
108
..
-
..
Roeh. it Pitts.—1st, 6s, 1921
114
108
..;:;ii3*2b;
Consol., 6s, 1922
120
117
Feb.
Jau.
10846. 1()S*4 June
Ogd.—1st, 7s, 1891.
4014b. 10 *4
Consol., extend., 5s. 1922
100*2 June
98
99
a
97
itGd.Isl.—1st, 6s, 1925
Sept.
69 a
65
:
2d, income, 5s, 1925
July
St, L. Alt.it LMI—1st, 7s, 1894. i 113 b.
113
Aug.
2d, M„ prof., 7s, 1894
108
Sept.
;
105
2d., M., inc., 7s, 1894
MayDividend bds, 6s, 1894
: 38 a. 35
Jam
i
St. L. Ark. <t Tex.—1st, 6s, 1936
97
98
95*2 Sept.
39
31
2d, 6s, 1936
! 384
S'-pT.
St. L. A Ir. Mr.—1st, 7s, 1392... 107%
I06*2b. 107
Sept.
2d mort., 7s, 1897
100
May94 b
Gen. Ry. it land gr., 5s, 1931.
94
9234 3c pt.
111
b 109
St, L. it San Fr.- 6s., Cl. A,1906,
Sipt.
lil
b 112
(5s, (’lass B, 1906
Sept.
111
b
6s, Class C, 1906
U2%u.
112
Sept.
Gen’l mort,, 6s, 1931
112*4t>. 113 34b 108*2 Fell.
Gen’l mort., 5s, 11)41
99
97 *2 Sept.
1 98 %b.
So. Pac., Mo.—1st, 6s, 1888
100*2l> 100
Juh
St. Paul M. it M.—1st, 7s, 1909.
112%
110*8 Jan.
11S*2U.
2d, 6s, 1909....
115*2 Sept.
11 1*2
1 15
1st cons., os, 1933
414*2 Sept.
Do
96 rb.| 98 %a,
reduced to 4%s
98
Fell.
Shenandoah Val.- 1st, 7s. 1909
96
Jan.
Gen’l mort., 6s, 1921
‘39*2* 3*5
32
Sept.
98
b.
So. Caroliua— 1st. 6s, 1620
97 *2
96
May2d. 6s, 1931
65
May
14
b
Inc., 6s. 1931
15
Aug.
So. Pac., Cal.—1st, 6s, 1905-12..
lll*2b. 110*8 Feb.
So. Pac., Ari.—1st, os. 1909-10..
107 *4b. 110
Feb.
So. Pac., N. M.—1st, (is, 1911.
407 b.
46
Tex. iV Pac.—Inc.it Id gr, 7s. ’15
46%
43
Sept
Rio Grande Div.—6s, 1930
o2% ; 62%
58
Sept,
Gen. mort. it term., 6s, 1905..
62
Sept
lol*8 Mar.
1< 8*2 Apr.
-
1
St. Jo.
75
116
■-•
^
.
'
..
........
94
Tol. A. A. it N. M.—1st, 6s, 1 924
Tol.A.A. it Gr.Tr.—1st, 6s. 1921 102 %
1.00
Tol. Peor. it West—1st, 7s, 47
a.
Tol. it Ohio Cent. —1st, 5s, 1935
Toi.St L.it Kan. C. —1st,6s, 1916: 90 b.
Union Pacilie- 1st, 6s, is99
! 1154b.
Land grant, 7s, 1887-9
104 b.
Sinking fund. 8s. 1893
110
Kan. Pacific—1st, 6s. 1895
.108 b.
94
.
.
1st, 6s, 1896
■
LOS
Denver Div.—6s, 1899..
1st consol, 6s, 1919
•
Oregon Sh„ Line
•
116
101
93
....
1st, 6s, ’22..
Virginia Mid.—Inc.. 6s. 1927
(ien’l mort., 5s, 1936
Wal>. St.L. it Pac.
Gen., (is,
108
48
95
115
104
110
1). 115
J
an.
2d. 7s. 1893
St.L.K.C. & N.—R.Cit
West Shore—Guar., is
.
Jan.
114*2 Mar.
99
Jan.
115*2 Jan.
117
Apr.
117*4 Apr.
115
1»»1 *2
!
118
Apr.
121
Mart
120 *4 May
101*2 May
1 Of)
:
May
May
55
J 107*2 Jau.
80
!
Jan.
*28*2 Jan.
415
July
1112
Apr.
June
410
66*2 Feb.
! 78% May
I 72
Apr.
100
May
a
Feb.
99% Jan.
97% June
Aug.
Jan.
Jau.
419% Mar.
j 103*2 May
Sept. 120
10.»*2 Sept 445
10.8*2 Sept. 115
114
Jan.
117*4
1)
May
June
104*2 Jan.
412
Feb.
MayMar.
Apr.
Apr.
101
%b 101
Sepr. 109
93*4
9 7% Aug. 407% Jan.
95
99
Jan.
Apr.
'
i*80**"
1
47
99
bJ
........
So
Sept.
49
89
82
Jau.
Feb.
-
90
113
85
b.
i
r.,7s,’95.! 109 a.
1j 98%
984
109
98
S3
109
1 98
b. 109
a.
1 97
90
Apr.
60*4 May
104% May
97
Aug.
Tol. it Wah.—1st, ext., 7s, ’90 114%b. 114%b. 110*4 Jau.
!
1st, St. L. Div.. 7s. 1889
106
Jau.
2d, extended. 7s. 1893
Con., couv., 7s, 1907
Great West.—1st. 7s, 1888
115
109*2 June
Jau.
Jan.
1(4
a.
95
95
%b 114
b. 102
no
Jan.
Juno
102% Apr
55% Jan.
102% Sept.
10.1*2
b. 108*2
’20j| 55%
Chicago Divison—5s, 1910
j 93
Wabash—Mortgage, 7s, 1909..
89
105
Apr.
J une
112% June
..
j
Mar.
Apr.
112*2 May
Rome W. it
May
117*4 May
Jll6
May
May
May-
Sept. 108
Sept. ! 99
117 % May
107
May-
Jan.
Aug.
Mar. Ill^ July
Sept. ! lo4% June
Note—The letter “ b” indicates price bid, and “ a” price ashed; all ocher prices and the ruuge are from actual sales.
STATE
SECURITIES.
Alabama—Class A
Class B, 5s
Class C, 4s
!
Bid.
Ask-
1906: 1(2
106
1906 103
1906>
98
6s, 10 20
1900 101
ArkunMis—6s, funded..1899-1900
10
7s, Little Rock A Fort Smith, iss.!
22
112
3 to 5
7e, Memphis* *V Little
Rock,.iss..;
7s, Aikausas Cential RR
I
Georgia—7s, gold
1890
Louisiana—7s,
Stamped, is
1914
Miehitraii—7s
cons
;
1S9D1
Missouri—(is
Asylum or
12
30
Funding art
28
14
406
:
New
(
1
!
1 i
..
builds, ,T. A J
hidli;i
111
Bid.
or
Ask. I!
1890; 105
lsi>3
118
JA-J
35
....
coil..1893-1894!
Sotu h
Carolina—6s, non-fund. 1888
| Bt own consolidated 6s
1893
189.S
Tennessee—6s, old
It
|
Com pt omise, 3-4-5-68...
1912
1913
60
10
100
Ob
4 t
90
60
j
11
1»•1
1 >»o
1910
•
o
*97*
1! Virginia- -( s, old
I I 6s, eoie olidalcd bonds.
72
107
joi
20
14
Ask
104
1900
|
1
1 15
6
1892-1898
RR
Consolidated 4s
j Bid.
SECURITIES.
Rhode Island—6s,
169
1894-1895! 112
.1892 115
Special tax.- Class 1.
m
1
University, tine 1892
New York—6s, loan
(is, loan
North Carolina—6s, old
i--4%: 85%!
loo
due 1889
Funding
.
100
SECURITIES.
107
11
BONDS.
8
102%
%>
70
......
10
THE CHRONICLE.
24, 1887.1
mber
BONDS—STOCK EXCHANGE
SECURITIES.
Bid.
SECURITIES.
!
.1936 * 70
..1919
.1925 1
5s, gold
Registered
1st,
| —V
Bost. H. Tim. & W.—Deb. 5
Burl. Cedar Rapids A Nor-
80
.1913
.1906
.1934
j 5)5*2
Erie—1st, oxiended, 7s
2d, extended, 5s
3d, extended, 4 Vs
108V
"
A*
Registered
j
*i05
.1920
1921
.1921
i’0'7
Buff. N.Y A Pliil.—Cons.
Trust certificates
......
Central Iowa—
Eastern Division—1st. 6s
Illinois Divi ion—1st 6s...
Cent. HR. A Hanking Co., G:
.1912
.1912
Collateral gold, 5s!
Chesapeake A Ohio—
6s, gold, s« ries A
1
*
.1908
Ches. O. A So. West.-2d 6s. .1911
Chicago & Alton—1st, 7s.
.1898
Sinking fund, 6s
.1903
1
.1900
.15)00
1st, guar. (564), 7s.
Chic. Burling. A Quincy—
Consolidated, 7s
123 V
i
Nebraska Ex'eiisi-
--
126 V 130
132
1934 *105
108
.1905
.1905
Extension. 4s.
Keok. A Des M.—1st. 5s
Chicago Milwaukee A Sr. 1
1st, 8s, P. I)
g.,
87
ii
1923
1898
185)8
15)02
1893
185)9
R.
124Vi
118
i
125
i
116
ill)
!
124 Md
j
!i
..
ii
1
i
eonv.
sink, fund 5s
-.1916:
Cl. Col. (Jin. A
1st, 7s,
s.
fd
Iudianap.—
1899!
Consol. 7s
1914j
Consol, sink, fd., 7s
1914'
Chic. St. Paul M. A O.—
Chic. S. P. A Minn.—1st, 6s.1918'
No. Wisconsin—1st, 6s
-.1930!
Chic. A E. 111.—1st, s. f., cur.. 1907
Consol., 1st, 6s
1934!
Chic. A W. Ind.-1st, s.f., 6s.. 1919 ’
General mortgage, 6
15)32
Chic. A St. Louis—1st, 6s
Cin. I. Si. 1.. cV
Chicago—
1st, gold, 4s
1915;
1936
Registered
..j
Cin. Jack. A
Mac.—1st,g.,5s.19331’
Col. A Green.-1st, 6s
1916
2d, 6s
l<)26
Col. A Cin. Midland—1st, 6s..1914
Del. Lack. A West.-Conv. 7s. 1892
Mortgage, 7s...
1907
Syra. Bmg. A N. Y.~ 1sq7s. 15)00
1
illO
1907j 105
Div.—1st, 6s
j
Incomes..
108
1041*
92
93
90
92
96
107
105
109
95
111
100
103
104
jj
1st, 6s, 1886.
Scioto Val.—1st, eons., 7s.
84
15)26
bo'
!
15)8()'
j! Coupons off
j
| St< Louis A Iron 'fountain
Arkansas Branch—1st, 7s.. 1895
Cairo A Fulton—1st, 7s
.185)1
101*2
Cairo Ark. A T. —lsr, 7s
189 7 *108
7s..1900'
15) 101 108*2
....
15)31
Pens. A At.—1st, 6s, gold..
Lou. N. O. A Tex.—1st, 5s
j ’Mexican Central—1st, 7s
jj Ex coupons 6, 7, 8
1 Mich. Cent.—1st, eon., 5s
86
1101
15)37 *
101
15)21
88Mr 90
1934
!
;
15)10
40
112
.
......
‘
.
......
-j
■
.
...
,
■"""jisi
"j
131
|iic%
j
:
j
,
.
.1921
113%
115
15)20 *.
15)21 '
.
are
115
119
15)00
Rich. AW. Pt. Ter’l. Trust 6s.. 1897
I:San Ant.A Arans.- 1st,Os,’85-15)16
j
1
Friday; these
113
11418
ex coupon
Registered
Trust receipis
Helena A KedM’n—1st,g.,6s.1937 1021.3....
Leh. A Wilkesb. Coal
1888
Dill. iV Manitoba—1st, g. 6s.1936 103*2
Milw. Lake Sh. A W.—Income
Morris A Essex—1st,7s
1914
141
H 1. B.Val. A Butte, 1st, 6s.lb3T
104
Mobile A Ohio—2d pref. debeu
2d, 7s
1891
107
108
3d pref. debentures
j N. O. A No. E.-Pr. 1., g., 6s ..15)15
Bonds, 7s
1900
Norf. A W.—Gen., 6s
15)31 110
4th pref. debentures
7s of 1871
15)01
New River—1st, 6s
1932
N.Y. L. E. A West.—Inc., 6s..1977
1st, cot.., guar., 7s
15)15
1134*4
Imp. A Ext., 6s
1934
98 |
Ohio Cent.—Min. Div.-rnc.7s 1921
Del. A Hud. Canal—1st, 7s... 185)1 107
,
! 108 |
Adjustment M., 7s
1924
-103
I Ogdens. A L. Chatn.—Income. 15)20
1st, ext., 7s
1891
Og(l. A Lake Cli.—1st, 6s
15)20
!
Coupon, 7s,
i Shenandoah Valley—Inc. 6s.. 15)23
Ohio A Miss.—Cons., s.f., 7s.. 185)8 113
1894j *
119
117
Free Li*t.
,
Registered, 7s
General 5s
185)lj*117
1932;
Ginnb. A Penn.—1st, 6s
Pa. 1 iv., coup., 7s
1891
1917
; 137
jOhio Cent.—1st T< r. Tr., 6s. ..15)20
2(1, 6s
1888
Registered
|
Min. Div.—1st, Os
15)21
Ei
ie
A Piitsb’g R’y.—Cons.7s. 189*
Alba 1 y A Susque.—1st, 7s..
Ohio River RR.—1st, 58 .....15)46
1888! 102*2
Warren RR —2d M., 7s
1st. eons., 1.uar., 7s
I90i i
!
I;*00j'*i20
Omaha A Si. L. R’y.—1st, 4s. 1937
a
l'75M
a uisu Funded hit. bonds...15)07
Registered
j
Oiv^on A Cal.—1st, 6s
15)21
J, ke, Erie Wabash A St. L.—7s. J 100
1st, eons., guar., 6s
.15)00 *
120*2 Pan .ma—S111K. id, sub., 6s... 19Jo
Gi. Westo n —1st mortg
7s
f 100
KegiSM red
j
dpi oria Dee. A Ev.—^d, 5s.... 15)27
;
70
71
Toledo A Waha<li. -2 1 uiort., 6s.
Rens. X- Sar.—lsr,
h7
coup.,7s. 1921U
! 1 -l5
i'Peor.a A IVk. U’n—1st, Os
15)21 *106
Waaasli A Western.—2d morr.,6s
87
xiegisteiT d
2d M.. 4 Vs
No pi ice
118"
St. L. Alton A Ter. Haute—
Bellev. A So. Ill.—1st, 8s. ..1896 114
Jl04
Bel lev. A Car.—1st, 6s
1923
1120
1911!
St. Paul Minn. A Mail.—
|
;
Dakota Exten.—6s
1910 115
1118
1902i
Min’s Un.—1st, 6s.
108*4
15)22
!
i; 6s
1909
.!
jiSt. Paul A Duluth—1st, 5s
15)31
j..
; 1
Coupon. 5s
1931
j
;8odus Bay A So.—1st, 5s, g.. .15)21
j
j Registered, 5s
>,
1931 \
.1
! Tex. Central—1st, s.
f., 7s
1909!
1
1
Jack. Lan. A Sag.—6s
18911*101*2
1st mortg. 7s
15)11
j
uMilwauk. A North.—1st, 68...1910|*107
Tex. A N. O.—1st, 7s
1905
Exteiision, 6s
...1913
107
Sabine Division, 1st, 6s
1;»12
95
Milw. Lake S. A West.—
Valley ll y Co. of O. — Con. (is. 1921
i 94*4 I Com del).. 5s
J Wab.St.L A Pac.- Hav. Div.-6s ’10
1907)
I
15)25!
j Ashland Div.—1st, 6s...
114
1 -Indianapolis Div.—6s
1
1921
'Minn. A St. Louis—
Detroit Div.—6s
1921
94
|
j Iowa Ext.—1st, 7s
15)09!*115 [
! Cairo I)iv.-5s
15)31
!......u 2d inortg., 7s..
185)1!
Tol. A Wab.- Equip, bds., 7sl883
|100 |
...'...j 121 ij South west Ext.—1st, 7s
15)10'
!
Quin. A Tol.—1st, 7s
1890
129
; 133
!| Pacific Ext.—1st, 6s
15)21' 110
Han. A Naples—1st, 7s
|
190 •
'..... I Minn. A Pac,-1st inortg. 5s. .1936 *
! 98 j
Ill. A So. Iowa—1st,ex. 6s 1912
106
I
'Minn. A N. W.—1st, 5s,
St.
L.
K.
C.
A
N.gold..1934; 101*4 102 j
i
| .vt inn. S Ste.M. A Atl.—1st,5s.. 5 5)26 j
Omalia Div.—Tr. Co. rec.l91d
1
!
Mo. K. A T.—Cons.,2d, inc
Clarinda Branch—6s
15)11|
|
j
15)15)
117
185)0!
'! II. A Cent. Mo—1st, 7s
109*2'
8t.Charles Br’ge— 1st,6s. 15)08
iMobile A Ohio—Col. tr., 6s ...1892 102 !
ji
No. Missouri—1st, 7s
18n5
i St. L. A Cairo-4s, guar
1931* 71 I 72 j Wab. Sr. L. A Pac.—Iowa Div., 6s
I Morgan’s La. A T.— 1st, 6s
1920j 95 !
* W(*8t. Union Tel.—Coup. 7s.. .1900
117
121
1st, 7s
1918 115
Registered
Nash. Char. A Sr. L.—2d, 6s..1901 100
N. W. Telegraph—7s
15)04
il3" G17
N. Y. Central—6s
18s7 101V
Wheeling A L. E., 1st M. 5s. .1926
114
115
N. J. June.—Guar. 1st, 48
1986
106
Manliat. Beach Imp. Co. -7s. 1905)
1 17*2
Registered certificates
Tenn. C. I. A R’y.—Consol., 6s. 15)01
110
N. Y. J*. A O—Prior lien, 6s
1895
South Pitts.—1st, 6s
15)02
IN. Y. A New Eng.—1st, 7s
Bir. Div.—1st eon. 6s
15)05
15)17
i
1st, 6s
1905
Col. A Hock. Coal A I.—6s, g..l9L7
N.Y. Susq.AWest.—2d, 4*28...1937
'0
Income Bond*.
IN. Y. N. II. A IL—1st, reg. 4s.l5)03
(Interest payable it earned.)
97
Northern Pacific—Dividend scrip.. *101
Atl. A Pae.—Cen. Div
1922
Dividend extended
j
99 V Cent. Iowa—Coup, debteertf’s.
Spok. A Pal. —lsi, s. fd., 6s. 15)36
Eliz. City A Nor.-2d inc
1970
5)4
St. Paul A N. P.—Gen., 6s.. 1923
j 96
Ind’ap. Dec. A Spr.—2d inc.. 1906
jj
116
r
Inc
i
2d. 3s
Nashv. A Decatur—1st,
S. A N. Ala.—S. f., 6s
Louisv. U. A L.—6s
5 p. e. 50 year gold l)ds
1
r
Dakota A Gt. South., 5s
1916!
Chicago A Northwestern—
Extension bonds—4s
1926'
Eseauaba A L. S.—1st, 6s... 19011
Des M. A Minn.—1st, 7s
15)071
Iowa Midland—1st, 8s
1900:
Peninsula—1st, eonv., 7e
185)8;
Chic. A Milwaukee—1st, 78.185)81
Win. A St. P.- 2d, 7s...
15)07!
Mil. A Mad.— 1 st, 6s
1 S)05i
Ott. C. F. A St. P.-lst, 5s..1909!
Northern Ill.—1st, 5
1910i,
St. Louis
..1
r
.
r
Pa. Co.’s 4 Vs, reg
1921
Pitts. C. ASt.L.—lst,cp.,7s. 1900
,.!
PensaeohrDiv.—Os
1
|
1st, 1. A !>., 7s
1st, C. A M„ 7s
15)03
1st, 7s, I. A D. Ext
1908 121
1st, S. W. Dir., (is..
1909
1st, 5s, La C. A Dav
1919
let, H. A D., 7s
1910
1st, H. A 1)., 5s
1910
Chicago A Pacific Div., 6s..15)10,
Chic. A Mo. Riv. Div., 5s ..1926
Mineral Point Div., 5s
1910 102
C. A L. Sup. Div., 5s
1921!
Fargo A South., 6s, Assn ...15)24'
1st, (5s,
Consol., 6s, trust receipts. 1905
Pennsylvania RR.—
Pa. Co.’s guar. 4^s, 1st op.. 1921
Beach—1st, 7s..1897'
5s.1935|
N. Y. B. A M. B.—1st, j
!! Louisv'llo A Nashville—
Ceeilian Brancn-7s
!1
f
1
I
1898
1921
C. St. L. A N. O.—Ten. 1., 7s 185)7
1 st, consol., 7s
185)7
2d, 6s
15)07
Gold, 5s, coupon
1951
100
HMDs
103 J4
...
A*
Regist- red
.
j*
114*3
2d, 7s
1913
Pitts. Ft. W. AC.—1st, 7s...1912
2d. 7s
1912 137
rndianap. D. A Spr.—
3d, 7s
1912 135
1st, 7s, ex. Mind, coupon
'106
1906
[ Clev. A P. — Cons., s. fd., 7s 1 -On 126*2
11011*2
4th, sink, fd., 6s
1892 106*2
Lake Shore A Mich. So.
I
11 St. L. V. AT.IL—1st, g.,7s 1-9
118
Clove. P. A A.—7s
j
...1892;*11212!
2d, 7s
,
185)3
Bull! A Er.—Now bonds, 7s. 1898 121
s
125
2d, guar., 7s
1898
Kal. A W. Pigeon—1st, 7s... 1890 101
!
Pine Creek Rail wav—(is of 1932
Det. M. A T.—1st. 7s
15)061*123*2'
Pitts. Cleve. A Tol.—1st, 6s. ..15)22 114
Lake Shore—Div. bonds, 7s.
j.Pitts. Junction—1st, 6s
1899) 121*2!
15)22
Consol., reg., 1st, 7s
15)00, 125 j 120*41 Pitts. McK. A Y.—1st, 6s
193 ’
Consol., reg;, 2d, 7s
Rich. A Danv.—Del), ex ep. 6s. 1927
1903; 121 V|
Malion’g. Coal RR.—1st, 5s. 1934,
Consol, mort.. gold, 5s
15)37
Long Island RR.—
Atl. A Char.—1st, pr., 7s
j
185)7 114
i j
Y.
N.
A M.
99
.1896.
.1917
Registered
Ext. A Col., 5s
15)51
Registered
.15)01
15)1;)
.1919
.15)21
.1*27
Iowa Div. Sink, fund, 5
Sii king fund, 4s
Hs
114
114
Duh. A S. C.—2d Div., 7s ...1894
Ceil. Falls A Minn.—1st, 78.1907
1903; 130V 131
5s, sinking Hind
gold, 3
st,
Spring!'. Div.—Coup.,..6s,
Middle Div.—Reg., 5s
11714
117
.1894
.1894 i 17
.1898
.1898
.1912 *106
St. L. Jacks.& Chic.—
1st, 7s, $
Hons. E. A W. Tex -1st, 7s... 185)8
Illinois Central— 1st, gold, 4s. 1951
106
113
123
..
|
Rap. A Ind.—Gen. 5s..1924
Registered
100*4 Hail. A St. Jos.—Cons., 6s
1911
*
.1937
C. Br. U. P.—F. c., 7s
1895
Atch. Col. & Pac.—1st, 63.15)05
Atch. J. Co. A W.—1st, 6s. 1905
Ut. So.—Gen., 7s
1909
Exten., 1st, 7s
1909
Missouri Pacific—
Verd’s V. Ind. AW., 1st, 5s 1°20
L< 1\ A C’y Val. A. L.,1st,5s. 1926
St. Louis A Sau Francisco
1st, 6s, Pierce C. A O
15)19
Equipment, 7s
-.
185)5
Kan. City A S.—1st, 6s, g.1916
Ft. 8. A V. B. Bg.—1st, 6s 15)10
St. L. K.A So. Wn.—1st, 68.15)1"
Tex. A Pac.-1st, 6s.
1905
....
i
Grand
.
185)7
1898
15)08
-..15)07
1st, fis
Col. Trust, 6s.
Col. Trust, 5s
1
j
1
.1924
1st, 6s
....
1100
.
No. Railway (Cal.)—1st, 6s.1907
Union Pac.—1st, 6s
1896
i
4tli, extended, 5s
1920
5th, 7s
1888
1st, cons., fd. coup., 78
1920)
1 Reorir., 1st lien, 6s
l;<08| *105
1
B. N. Y. A E.-lst, 7s
136
.1916
N. Y. L. E. A W.—Col. tr., 6sl922i*
.1108
1
Buff. A S. W.—Mortg. 6s
1908
Evan. A T. IL— 1st, eons., 6s. 19211 113
Mt. Vernon—1st, 6s
1923 110
Evans. A Indian.—1st, cons.. .1926,*
Eureka Springs R’y, 1st, 6s, g. 15)33
i'Tt A P. Marq.—Mortg., 6s...1920
i
Bid.
Pacific RR.—Central Pacific—
Gold bonds, 6s
1895
Gold bonds, 6s
185)6
Gold bonds, 6s.
1807
Cal. A Oregon—1st, 6s
1883
Cal. A Oregon—Ser. B., 6 1892
Mott. bond. 6s
15)
West. Pacific—Bonds. 6s ...185)9
1920
..1897!
1919
1923
lioivj
Minn. A St. L. — 1st 7s, gu
1927
Iowa C. A West.- 1st 7s.. .1909
SECURITIES.
gold, 6s
1926
deb., 6s. ..1921
Eliz. C. A N.—S.f.,
1st mortg., 6s
:
Censol. A col. tr, 5s
cons.,
! 105^g
RAILROAD BONDS.
Bid. ! Aak.
Dot. Mack. A Mar.- 1st, 6s.. .1921
Det. Pay C. & Alp. - 1st, 6.... 1913 105*2 100
E. Tenn. Va. A Ga.—1st, 7s... 1900
Divisional 5s
1930 GOO
E. AW. of Alabama—
{Slock Exchange Prices.)
Ateh. Top. & San. Fe—4^8 ...2920
Balt. A Onio—1st 6s, Park!
QUOTATIONS ON FRIDAY OF INACTIVE
Ask.
Railroad Ronds.
397
latest quotalio
;s
mad
•
tins
(ifeat.West<
rn.—
d
mo-'<r
(>s
^7
105
95
119
Land
BONDS.
120
•\llegh. Val.-7 3-1 Os, ’30
91 b
7s, E. ext., 1910'.
120
Inc. 7s, end., coup., ’94
Balt. A. O.E. Side—Certs.
Belvid’e Del.—lst.68,1902
Cons. m. 4s., 1927
Ben’s Gap—1st, 7s, 1893.
90 hi
j 116
grant, 7a
Plain, 5s
Mortgage, 5»
Mortgage, 4Ve
Trust, 0s
SRV-
08non-exempt
ilOohi
RAILROAD
Calilornia
|
j
7s
So.—6s
Income 0s
Chic. K. C. A
.---
,V*}
illo
-—•••
West’n-5a.l
!
Incon.es
Cons. Vennont, 5s
-i
East’rn, Mass.—Oh, new...
Freni.Elk U A Mo.V.-Os..'
K. C Fort Scott A G.—7s
K. City Lawr. A So,--6s..
East Penn.—1-st, 7s,
Easton* Amb’y—5s,
Hi)
08
70
20
92
Coupon notes, 16s
j
Gen.,7s, 1903...
....
i 119 Hi
'122
no
108
118*0
100
4*28,
60
48
2d series
STOCKS 1
103
Atchison & Topeka
Boston A Albany
*199
Boston & Lowell.
§157
Boston A Maine
Boston A Providence....
Boston Con. A M.. pref.. §
Boston Revere B. A Lynn
California Southern
100
98
1 99
130 V
[122 *2
113*2'
1919
Perkioraen—1 st, 6s,cp.’87
97
140
128
,7f.h ’’’.'ti'i... 115
21
Lcath
un-re
«*c
«
«
-*<»a
-
-
-
145
125
....
I 'till'd.
|
nenv
1 1
...
-
220
,S -icond
j jS
105
102
; 1 *vn?ed s-”.- 210
220
111
*39*
126
28
it o'
105 M
107
Fitchburg, rref
Flint & Pere Marquette.
95
29 \
97 K
94^
28*j
97
Preferred
Iowa Falls A Sioux City.
Kan. C. Clin. A Springf’o
Kan. City Ft. S. A Gulf..
70
66
Preferred
42
70
3S
K. C. Menipb. A Birm. ..
Kan. C. Spring!. A Meru. § e*j34
Little Rock A Ft. Smith.
Luuisv. Ev. A St. Louis..
Prefeired
Maine Central
Manchester & Lawrence. >
Mexican Central
N. Y. A New England ...|
Preferred
?i
9*9 ^
|(-145
Norwich* Worc<ster... j
Ogdensb. * L. Champlain 1
Old Colony
174
Portland Sac*' * Portsm.1^
Ports. Gt. Fa 13 & Con’y.
\
Rutland
Preferred...
j
128
I 100
Summit Brunt n
Wisconsin Central
37 *a
itocli.
PHILADELPHIA.
STOCKS. *
Phil.,ass.pd.
Preferred
40
Catawissa
1st prelened
2d preferred
Delaware* Bound Brook
East Pennsylvania
Elmira* Williamsport.
Prefeired
117
....
......
45
Huntingd’u A Bioad Top
Preferitd
Phila, Ger. * Norristown! 113
Phila. Newtown * N.Y.J
Phila. & Reading
•
Phila. Wiliii, & Balt
I
United N. J. Companies..
West Jersey
West Jersey * Atlantic..
Pref...
1st mort..
t Per share.
I
j
|
j j Rutger’s.... 140
Bat’v—Stk
7?, 1893
121
110
140
111)
115
j1 WUliamsb’g.
250
100
145
'
Williamsburg
1 Bonds, 6s...;
F al ton *M u nicipal’’
B( ml:, 6s
EfRittabm
Bonds, 6s
......
I i5
1 j? s*
,
80
87
124
123
105
6
jCliail. Col.A Aug.—1st..
Wash". A* Balt*.—ists.
130
115
......
47
50
13*5
118
100
.08
105
...
......
ill
96
03
"fe
113
99
74
40
5s, 1931
.
Columbia* Greenv.—1st
J. & J.
Os, 1900, A. A O
6s, gold. 1900, J. & J
5s, Series A
....
5s, Series B
.
Pittsb.ACon’olls.—7sJ AJ
RR.—lst,gua.J AJ
j Canton endorsed
i Virginia A Tenn.—5s
i 8s"
......
......
110
:i5*» !Union
20
101
89
109
12.0
119*;
111
no
118
119
stock..
1st mort
2d mort
Butt. N. Y. A Phila
Pref
Trust bonds, 6?
Cape Fear A
40 *4
.
62
118
111
82
110
132
109
115
113
107
158
0s 104
lf.0
Eighth A v.—stock
ICG
I Scrip, 6s, 1914
200
42d A Gr’lid Sr. P’ry*—Stk
D. D. E. B. A B.— c nr,
!
1st mort., 7s, 893
42d St. Manli. a si. N.Ave
1st mort., Gh, 1910
2d mort., income, 6s
l oust. W.ST. A p. Uv—Stk.
1st mort., 7s, 1894
Ninth Ave
112
33
108
59
155
110
107
Srcond Av.—Stock
1st mort., 5-1, lolo
Consol., 7s, 1888
105
.
i
110
215
117
42
109V
62
160
112
111
121
107
101
Oixth Av.—stock
1 <L Qion., 7s, 1890
Third Av —8'- <•(*
112 0, |
Bonds, 7s, 18*90
143 I Twmty-thH*’ s>r. —"took...
112 Va j
.
1st *u*c ., 7s, 1893
is’o-
175
110
2 2)
105
■220
112
115
230
107
230
114
—
j
itts. A v. c.st. R it.-, 1st M.
Rome A 1 localur, tM..6.1 st. Louis Ft. S. w Wicli..
t
j St. Paul E.a < >t.Tr., 1st t>?
Tol. A A. A N . 2dich
12
37
Tol. A O. Com., pief....
L. S. Eh-.ci r.’c. j,igui...^..
1
Light,
[ '►-idkst...cc iu-v
N
48
100
4
16
11
;....
i
In
j
1
“
_
^
_
.
......
G
103
24
4 8
,rTTt|t
35
30
'V*
V
*
95
51
91)
49
9
_
_
^
M
93
....
ibi
„
•
ii)0
100
Wisconsin C< nilai
total* of t he ]->» -ton ban) ai
6.‘iicula’i)
*
Deposits.
1
*
**-
9,94**,000
9,509,900
9,6i 9,200
_
Js
West Va. RR.—1st. 6s...
Western 2 at
R tnk
R' **si N . 6 ar. - Con. 51
L. T’liders.
Specie.
K. 137,30 .600
17 137,050,000
“
102
------
R
1st mot t
2d mort..
Boston Banks.—Following are the
Sep. 3
1)
2
1( 0
:a:
j1 Incomes.-.
......
Omaha
$
16 6,4 25.200
85
j Utah Cent; ah— lot
121
1H
Kanawha A Ohio
Loans.
ov
40
30
80
7
.
of Ala.
Georgia Pac.—Stock
1st 03.
2d s
Henderson Bridge—Stock
1887.
7H>
35
25
......
IO40,
Equit. Gas Co. of N. Y —
1st pref
2d pref
1st 0s
Kan. City A
14
Ocean Steam.co.,!st guar. 1011*1 163*0
Orange Bell 1>L
T ^>
4
Pciisacoia A A l-laulie
93
I| 1st mod
39
93
d’Alene—
Dul. S. Shore A At.— Stk.
Edison Elect!ie
Me.v. Nat.C< iisiriu t’n Co.
N. Y.6.’.iV St, L., i '1M .wh.ls
N. Y. City A Nonhci iih..
' N. Y. V. . ."il. A L.—Slock.
.J North. Pac.—:u7.1.0: ds.
Coeur
:
tr. rec.
89
15
87
...
Ches. AO., ser. B.uef. sc? ip
Ch.&E. ilh.S.Fd.,' oll.Tr.
Chic. Santa Fe A Cal. 5s..
Proi
Omaha, ls.'M.
1st M.‘f»r*guge, tr. rcc
j!
..
Yad. Val., 1st
East A West RR.
70 V Kan.City A
2*j
93
40
T.A West.—Stk.
Brooklyn Elev’d—
85
115
[Con. Ohio.—Os, 1st,M.AS.
00
115
109
Broadway.]
L. Gbant, Broker, 145
30
116
180
160
105 Q
90 ‘
90
125
110
165
108
155
160
120
81
121
124
Ask.
105
130
105
110
110
Municipal—Bonds, 7s
.
Street]
Bid.
77
Metropolitan (Bklyn.)
122
96
102
103
100
125
156
170
280
United St’es 140
Westchester 140
GAS COMPANIES.
i
,75
[Stuyvesant
'118 Hoet iv Muiui
100 w Mexican Ntcmt-io
L . 1st, 7s
At.APac.-lstM.C.D.o d 6s
116
50
50
65
Sterling
P-Mjple’s (Bklyn.)
103
72
j
Tel. A Cable Co—
Ail. A Cliar. Air
Debenture?
r
102
Standard
Securities.—Quotations from both Exchanges:
Bid.
Ask
Bid. Ask.;|
SECURITIES.
SECUimiKS.
'!
F
!
2,175.800! 09.158.(6 •0 8A42.200
! 8,85s.3oO
2,17>.70( ItfU.s.-i ,!i
2,;-77,0vH Lc2.49 .,31 ui: 8,>54,100
•
Piiiladelphia Banks.—The total* have been uj
Agg.Cl’ngs
#
*
76.100 530
65.102,028
80,710,2 8 0
follows:
......
i'of)’
*
1887.
115
„
§ Last price this week.
1
Unlisted
......
7s
Dry Dk. E.B. A
Boat. i i.
—
jWil. A Wenion—5s.
100
160
105
150
155
110
Ohrist’phrAlotb 8t—Stk.
Bond.-, 7s, 1898
33
no
Maryland
50
RAILROAD BONDS.
[Atlanta A Chari.—1st—
[ I no
Baltimore & Ohio—4s—
'
12 0
*97* ibo“
CANAL STOCKS.
Lehigh Navigation
BonuvikRj Navigation....
...
6s, 1922
Cent. Pk. Nr. A K. Ray.—Stk
120
Consol., 7s, 1902
Amer.
coup.
Prof
Western
Pennsylvania
Philadelphia * Erie
5s. 1905
Central Crosstown—Stk..
106
Del.—lst,0s,188t
2d?
No. Central—4
i03
123
BALTIMORE.
RAILR’D STOCKS.tPai
Atlanta & Charlotte
Baltimore & Ohio ...100
Nesquelioning Valley....
Br'dway A 7th A v.—St’k..
1st mort., 5s, 1904
2d mort., 5s, 1914
B’way Surface bds.guar..
.....
4Ks, 1914.
Mort, HR., reg., 1897 ..
Cons., 7s, reg., 1911....
Pennsylv.— Os, cp., 1910..
Schnvlk. Nav.—1st,Os,rg.
2d, Os, reg., 1907
Northern Central
North Pennsylvania
Broker St. A Fult.F.—Stk.
1st mort., 7s, 1900
28
114
117
U!4
111
1899
2d 8
3ds.
1st Inc.,
Scrip
Bklyn. Crosstown—Stock.
io3
6s, P. B., 1890
5s, reg., 1923
CANAL BONDS.
Mlnehil! * sch. Haven...
(Bklyn.)
Nissan
1st mort., 7s. 1888
Bushw’k Av. (Bkln;—St’k
......
Atl.—1st,6s,C
Cin.
Lehigh Valley
Little Schuylkill
115
93
100
100
95
1 st inort.,
6s, gold, 1908
Gen.,4s, told, 1923...
Parkersburg Br
Central Ohio—Com
55
Bond?, 6s
Bonds guar.,
104
98
W.—1st, 5s
1st pref
2d pref
102
50
100
3rooklyn City—stock
1st mort., 5s, 1902
•
.....
Cons.
9’.j
•Preferred
Camden A Atlantic
100
Mutual (N. Y.)
101-8
United N. J.—Cons,6s,’94
Cons. Os, gold, 1901 —
Lehigh Nav
Ask.; |
Metropolitan—Bonds
10
(Jonsol., Os, 1905
Z
Union & Titusv.—1st, 7s.
Ches. &
Bid.
COMPANIES.
ICO
170
160
1HO
100
180
108
63
150
110
..
!
City Railroad Stocks and Ronds.
Geo. H. Prentiss A Co., Brokers, 49 Wall
Bonds, 5s
£7*.
Sunb.ALewist’n 7s.C,.’96
Syr.Oen.A Cora.—1st, 7s.
Tex. & Pac.—1st, Os,1905
|
160
125
[City RR. Quotations by H.
§
2d, Os, 1938
177 \
Mercantile..; 60
716j
Consolidated Gas
Jersey City A Hoboken... 160
68
cp.,’9(:
39
100
147
Manuf’c.AB 120
Mechanics’ • j 60
1
105
165
100
...
1N. Y. Equ-t. loo
90
i.V. Y. Fire
100
Niagara
90
North Rivei
170
Pacittc
70
Park
Pet’r Coopoi 170
100
People’s
55
Phenix
......
ShamokinV. & Potts.—'7*■
Sunbury & Erie—1st, 7s.
1st, 7s,
Island( 90
Lafa\etto ...i 75
125
1
Conv., 7s, R. C., 1893. .
Deferred incomes, cp...
Phil.Wil. A Balt.—4s.tr.ct
Pitts. Cin. ASt.L.—7s
Pitts. Titus. & B.—7s,cu.
Cons. Os, 1909..'.
W. Jersey*
Western Penn.—6s,
'Long
Brooklyn Gas-Light
1
WTarron * F.—let, 7s. *9t
West Chester—Cons. 7s.
W. Jersev—1 st, Os,
14
Merchants’.; 90
Montauk....; 90
Nassau
,130
1
110
-
Howard
1 60
; Jefferson
; 120
Kings Co....'200
IKnickerb’kr 90
Citizens’. Gas-Light
......
Sunb. Haz. &
140
V
103
330
jHome
Ask
Bid.
[COM P AN’S.
j [National
2*0
78
1; 0
Lid
110
80
135
1 0'
:oo
106)
100
135
rO
70
ICO
__
113
R.—1st,6s, 1910..
114
2d, 7s, coup. A reg.,1893
! 120
Cons., 7s, reg., 1911 .... 12434 12534
Cons., 7s, coup., 1911.. 115 |
Cons., Os, g., 1.R.C.1911 5102V
Imp., 6s, g., coup., 1897 101
102
Gen., 6s, g., coup., 1908
101
Cons. 5s, 1 st ser.,c.,l922
Cons. 58,2d ser.,c.,193c
Debenture coup., 1893.
Preferred
$
Concord
138
Connecticut River
A
Conn.
Passumpsic
Det. Lansing A JSo., pref.
Eastern
I
Phil. A
Gen., 7s, coup., 1908
Income, 7s, coup., 1896
Conv. AdJ. Scrip, *85-89
; Greenwich.. 220
Guardian...! t()
Hamiltou
<1*A0
Hanovrer....lllO
103 *!i
Cons., 6s, 1920
Cons., 5s, 1920
Pliila. Newt. & N.Y.—1st
A'sk.
Bid.
COM PAN’S.
170
100
165
190
125
120
lJi)
110
40
2: 0
260
165
115
125
[ las Quotations by
GAS
Phil.&Erie—lst,7s,cp.’88
Preferred
.
.
3
Ask.
Gas and
| 316
133
7,1900
Central of Massachusetts
Northern
§109
115
21*5'
100
Exchange... 100
Farragut.... 115
Firemen’s**. 97
German-Am. 300
Germania... 150
115
Globe
Empire City
C.—7s, 1896.
210
100
Commercial. 35
Continental. 209
2*;0
Eagle
Clinton
ISO's 102
Trust Loan
Pa. A N. Y.
103h(
Cheshire, preferred
Chic. A East’n Illinois ...
Chic. Burl. & Nortli’n
Chic. A West Michigan.i
Cinn. Sandusky A Cleve.
Cleveland A Canton
1
1890..
Gen., 6s, cp., 1910
Cons., Os, coup., 1905...
Cons., 5s, reg.,
§10034;i011s
Wisconsin Cent.—1st ser.
1137
Pennsylv.—Gen., Os, reg.
to
90
83
94
Southern Kansas—5a
LOO
Os, coup..
Oil Creek—1st,
44
American... 150
70
Airier. Kxch.
150
Bowery
Broadway... 170
Brooklyn ... 110
Citizens’.... 112
117
City
110
Debenture Os, reg
Norfolk & West.—Gen.,6?
N. R. Div., 1st, Os.1932
N. Y. Phil.A Nor.—1st, Os’
Inc.,Os, 1933
§ 99
68
Ex-divn.tmt.
172
5 115
!sr. Ntcliobiw.
00
.
Bid.
COM PAN’S
1923..
Cons. Os. C.& R.,
iNo. Penn.—2d, 7s,
V
Pueblo & Ark. Val.—7s..
Rutland—1st 08
*
-
fUock Hat.
[Quotations by E. S. Bailey 5 ’~a p im- "*’t.!
120
121
2d, 7s, reg., 1910
Incomes
do
r
Insurance
m
1121
2ds, Os
do
148
.
145
rL’rcli’ts’Ex.i 116
•Ictropolit n j 20
assail. —114 5
“■tew York
j208
.....
.
...
Mercantile.. 14 5
Jercnants’. i 139
........
Jlthaca&Ath.—lst,gld.,7s
I I.eh. V.—lst,6s,C. A R.,’98
V
j
'4: 20 h !
95
Lebenture, )Us
N.Mex.A So.Pac.—7s
N. Y. & N. England—7a..
08
RAILROAD
Buff. N.Y. *
j
.
.
2:0
105
i
L’chs’&Tr? ;
£ast River.. 130
150
11 tli Ward.
fifth Ave.. 700
1550
First
Fourth
150
Falton
1888
1920
5s, perpetual
Harnsb’g— 1st,6s, 1883..
H.AB.T.—1st,7s,g., 1890
| Cons. 5s, 1895
,104
00 hi
Mexican Genual—4s
Lend serin
7s
Income
Preferred
Worcester Nasn’aA
10d;,8
Jechauics’
•
310
Leather Mfs’ 200
Manhattan.. |
! 170
vfarket
.....
o.
143
'forth*Riv’r.
145
jlrving
.
175
122
..
.
(Greenwich ..112
j Hanover....1170
Tot. A Trad’s’ 320
......
Continental.
Corn Ex eh... 190
T 10 j i Ei.&Wmsp’t-3 st,6s, 1910
51
100
-1008, 6a,
Sonora—7 s
105 Hi
Cons., 6 p. c... —:
Catawissar—1st, 7s, con. c.
119
Now 7s, reg. & coop....
Col. A C. M.—1st, 6s. 1914 I26’
IConnect’g Os, cp., 1900-04
87*2; ’Del. A Round Br.—3st,7sj§-Duluth Short L., 1st, 5s.
1925, Os
Incomes
Commerce
.--t
[200
..
*.Y. Count* 200
’EY. Nar.l.r
4 lot'll
125
■J. America. '■ 50
130
j
182
150
Picnic.
P*ak.
ICO
People’s. . ..
113
’P ieeix
1 38
iHi»ublio
i
.
Louisy.Ev.itSt.L.—1st, Os;
Ogdensb.A L.Ch.—Os
Consolidated Os
City
120...110
I
212
24 CO
137
300
....
|'Cant. & Atl.—1st,7s,g.,’93
!( 2d, Os, 1901
...
K.C. Memidi. A Birm—fs
K. City st. jo.&O. !>.—
X. City Sp’d A Mem.—6a.
K.C. Clint. A Spring!.—5s;
Little R. A Ft. H.—7 s
§
"
ibT
[Germania.
135
131
210
j1
1.0 )
Jg jrrn’n Am., j 110
270
164
3utohs’* Dr
Central
Phase
Chatham....
Chemical...
Citizens’
1*200
..
..
Ask
Bid.
BANKS.
Ank.f [
Bid.
j
..
d irfleld.
140
Broadway... 255
109
80
Gallatin
178
173
Am. Exeh
104
82
BANKS,
Ask.
Bid.
America
‘'ll
79
$2
.
2d mol t
Mar. H. A Ont
317
lst, Os, 1905..*
Con., 6s, 1913
Buff. N.Y’.A Phil.—1st,Oc
1st, Tr. Os, 1922 .......
Cam. A Amboy—8s, c.,’89
Mort., Os, 1889
Bur.AMo.iiiNob.—Ex’t,6s 5...... jl!5
4s
Land grant,
Rank Stock List.
A si?.
BANKS.
I
BOHTON,
At<5h. <ft Topeka—let, 7s.
Coll Tiua*, 58-..,..-.—- 1
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
New York Local Securities.
Philadelphia and Baltimore.
Quotations In Boston,
[VOL, XLVi
CHRONICLE.
THE
398
„
.
.
..
......
121
120
11 L*j
120
Loans.
Lawful Mou’y. Deposits.*
»
Sept.
3
10
87.827,600
1 87,159,700
17.....! 87,>73.Old)
Hacioaing
2'.
,909,300
23,o(*o,s 00
22,783.400
theiteUl “d;.e to other
84.810 uco
r 5,049,50! ■
85,4t5i,2itU
bauk?."
Circula’n
i
j
$
2,315 750
5.2', 7,? 2
| 2,2s2,2iO
Agg.Cl’ngs.
S
54,703,608
57,910,24 6
53,748,145
THE
September 24, 1887.]
CHRONICLE.
K
.
C
F
t
S
A
G
u
l
f
.
3,«
New *ork tit) Hanks—The following statement shows the
condition of the Associated Banks of New York City for tha
week ending
1S87.
September 17, 1887:
Banks.
Loans and
Lh8Counts.
Manhattan Co....
Merchants’
Mechanics’
8.391.000
$
1.740.000
1,594,000
$
790.000
289.000
0.513,000
1,137,400
776
1 0)9.000
365,000
1.963.700
391,U00
115,000
333.000
7 697,000,
10,‘*55, WOO
America
Phenix
i
City
Tradesmen's,
!
1
Fulton
Chemical
Merchants’ Exeli.
Gallatin Natioi al.
Butchers’ A Drnv.
Mechanics’ <fc Tra.
Greenwich.
Leather Manuf’rs.,
Seventh Ward
State of N. Y
Americ’n Exch’ge.
Commerce
Broadwav
Mercantile
Pacific
Republic..
669.v 00
3.247.000!
9.203,000 4,569.200
2,7:10 300350.800
1 ,39 <,000
269.500
19.203.500! 5,990,300
57
4.200
3,126,200'
5.404.400
675.500
410.500
l,SK4,i;00!
81.COO
1.920.000!
121,100
1,153,900;
£54,70(i
3.972, 00;
27 6,000
l.3*-8 700,
525,600;
OOO; 1,726,000
17.5-0,700 2,456.600
Irvin"
Citizens’
Nassau
Marker.
St. Niclvdas
Shoe & Leather...
Corn Exchange...
Continental...
Oriental
Importers’ A Trad.
Park
North River
East River
Fourth National..
Central National..
Second Natioi al..
Ninth National....
First National
Third National
N. Y. Nat. Exch...
County
German-A meric’n.
Chase National
Fifth Avenue
German Exclihige.
Germania
United States
Lincoln..
Garfield
Fifth National
B’k of the Aietrop.
West Side
Seaboard
Sixth National....
Western National.
Total
224.000
139,10-)i
144.200
77,000.
$
10,000,000:
20,1 16.600
3.472.UHO
614.000,
961,700
4,039.80 ‘
4 5,000
899,400
572.400'
7.152.700
151,100.
2.752.800
2,069,300!
2.848.700
2.405.9U0
2,92 .0 0
1.913.700
2 826.000
431,000!
439,20-)|
679,100.
672.400
130,0()0
552,000
714.700!
5.7*3,200
678,000
160,000
4,7 46,000
4,126,5:<0
175,600
172.20i*
3,681,000
1,276.000
907.000
780,0,(0
3,6 45.80 >
898,300
158.400
3 4 5.200
4.339.300
1.950.100
17,975.500
17,‘*23,8» 0
2.< 8i.700
1,059 -<00
17..37 Ooo
7.9 -9.000
3.319,*00
4,u92,000
19 468.100
4,415.000
1,3-3.100
-98,500
2.114.700
2.4 87.900
256,000
2,863.000
4
378.200
29.300
104.100
147,900
327.8 00
256.700
406.001)
282,200
359,000
0t>0,800
6U,93l,6<)o|2Q,608,200
342,880,500
1,9x2,100
1,7514.5.10
1.823.400
5.801.100
360,000
45,000
41,000
45,000
428,700
2*62,566
223,300
180,000
*671500
3,413.80:
2.877.300
2.154.900
171.200
142 700
1,028.900
3.5)87,100
2,343.200
1.944,8i'0
2 064,000
3,37 3,200
788.500
si‘,6*0*6
159.50 i
142,001)
45,000
44,160
45,000
133,700
9,128 600
43,200
176,000
RAILROAD EARNINGS.
The latest railroad
are
earnings and the totals from Jan. 1 to
given below.
ln>test
Roads.
j We j.k
iio
•-*>)•
1887.
Mar.Hough.AO. lstwkSept
Memphis AChas. 2d wk St-p
*
Mexican Cent’l.'2dwk Sei»i
*Mex.N. (N. Div) August
do
(So.Div) August
do
all hues Aiigu-t
Mil. L.SU.& West. 3(i wk Sept
Milwaukee A No 2d wk Scpi
Minneap.ASt.L. July
...
2d wk
N.Y. A New Eng
N.Y.Out.A W...
N.Y. Sus. A W..
Norfolk A We it
N’thcasti 11(8.0.)
Noitheru Ceut’l.
N »rthern Paeitic
Ohi > A Miss
Ohio River
Ohio Southern
....
August....
August
.
N.Y.Penn.AO.
Sept
August
..
Pennsylvania...
Petersburg
517,4 26
411.600
1,010,22.3
8,00 1 382
1,812/20.5
271.40!
288,8 ’3
August....
Wk
Sep 17
Jnjy
July
July
2d wk
8ept
August
...
2d wk Sent
July.....'..
July
2d wk
2d wk
2d wk
Sept
Sept
Sept
August
...
823.059
2,701,087
131,165
53 7,487
1,502.939
636,343
203,265
2,670
45,352
20,8 1 3
50,880
9o,3 0
46,432
23,143
51,059
46,406
22,296
322,500
561.309
485,405
190,604
1,390,840
30,501
37,934
90,400
42,415
42 595
93 498
142.805
60.189
8 3719
133,073
77,816
22,183
106.683
1,184,446
138,604
355,545
2,372,510
2,212,029
272.3-8
681,568
572,190
1,54.5,139
1,166,138
249,718
9,372,002
1.238,445
951,321
30,884
717,224
6-4.788
870,897
l.lOi,684
3.235.5 7! 2,53',839
3-9,343'
373,449
715.741
687,799
1.115.5 P2 1,133,877
2.305,203 1,611,441
13.310
6 15.500
420,409
118,394
10,980
806,163
293,089
230,317
1,273,888
32.271
26.385
835,653
802,130
270,393
191,075
147,935
1,483,882
38,715
152,325
105.700
4 10.4 3 >
290.015 10,748,938
130,059!
7,189
907.422
199,170
20,656
47,1 14
109,180
2,624
28,2 1
30,212
76,<‘82
1,73 ),432
266.628
141,823
1,007,820
42.4 U
54.888
574,494
370,515
1,054,437
7,570,918
1,783.143
1,339,273
169,147
7.05 .*
272.481
22 1.4-7
1,985 0 48
1,520,545
3,332.321 2,980,974 22,837.2 l 1 20.571,212
405.4 11
12,388
11.4 *7
3-2,833
1,782,991 1,596,195 11,295,129 10.119,978
512,072
572,31 I 3,350,433) 3,415,349
337,257
345,502 2,297,155 j 2,136,330
37,733
29,6 i3 1,063.60
940,855
131,474
94.846
867,14*)
696,474
99,551
79.5 >3 2,763,
6 2,131,990
31 2.*23
31,945
29,406
316,865
536,336
449.4 4
3,617.92 »: 3.031,862
311,363
320.899
1«
3,050
10,829
102,362
5,58 i\
47,201
46,355
8.48 :.32 »■
2.819.1 '6
195.1.5!
3 58.007!
7,951,796
2,*»5 ’>,485
127,511
307,842
1,541,127
301,606 2.1 SO.79oj
376,393
421.881 2,681,283 2,753,194
405,300
4,654,370 4,356,677 31.02 ,<*9 1 27,606,841
Inly
2d wk Sept
17,202)
22,t.50
591.2*2:
543,534
26.402
.July
209.61026,<‘4 li
219,220
386,974i 320,4'*7 2,251,377; 1,991,207
July....
July
1,824,657)1,-32,675 11,974,1 55 10,559,020
Oregon Imp. Co. July
O ’og. K.A -V. Co.
Pin la. A Erie....
1886.
......
Louisv.N.O. AT. August
Mar. Col. A No. August
Peoria Dee.AEv.
Earnings Reported.
10,363
3,9-2 2
Lou.N.Al.ACldc. 2d wk Sept
M urn. ANo. West.
Miss. A Teun.
Mobile A Ohio.
Nash. Ch. ASt.L.
N. Y.Cen.AH.R..
N. Y. City A No.
cN.Y. L. E. A W
8-5.71 l
2d wk Sept
Luuisi’a A Mo.R June
Louis. Hiv.ASt.L. 2d wk Sept
Louisv.ANashv. 2d wk Sept
40,100
2.199.300
1,001,900
17,668.000;
8,‘;47 ooo;
4,260.000'
4,600.006
90 8,700
12,300
77,000
...
4,551,917
642,631
141,297
705,233
455,201
73 -,280
475.860
42,907 1,030.823 1.378,104
390.18 1 L2,5sl.031 11,053,293
26 *,798
24.822
181,090
190,4 13 1,-71,407 1,101,329
78.630 1,564,855)
1.503.103
916.910 7,0 34,158 6.516,380
15.870
109.428
81,'.99
47.347
July
Long Island
980*766
2,8 "> 1.2002.177.506
6.083.700
3,782,000
2.811.700
2.868.500
"6,300
L. K. ck A Mem.
14.229
9,133
67.853
420,095
39, >7o
209,087
62,126
Lake E.AWest.. 2dwk S pt
*45*6*0*6
1,148,000;
27,800
236.401'
83.300
Lehigh A Hudson August
4*45*66*6
2.272.700
170 100
45,000
1.693.500
2,963,000
10,507
17,142
104,658
4tliwkAug
*
1,801,673
...
Kingston A Pern 2d wk Sept
43*1*80*6
S
37,794
57,900
56.019
147.200
157.603
1,055,900 1,104,513
August
2<i wk Sept
59,272
59,73
48 919
40,428
August
24.822
July
10,61
42,725
49,328
lstwkSept
1st wkScpt
29,561
34.098
1st wkS pt
5,021
4,1 0
July.
101,808
9.3,681
45.000
40,700
2,9-7,300
2,87 7,900
2.772.800
4.437.900!
234.500
Kentucky Cent.
Keokuk A West.
18.359,700
370.500
136.300
K*n. C. 8p. A M.
Kan. C. Cl. ASp.
45,000
5,045,50
1,135.200
89,.* 00;
205, i 00
347,OSh*,lOO
250.000
2*9,600
561,600
309.000
875,UOO;
2.244.900
1.3 6/,800
3.4 0 5.800
103.000
362.000;
958,600!
594.900
439. i 00
309 400
178,300,
146.300
280.000
144,1* o;
Total all lines.
Ind. Bloom. A W.
Ind. Deo. ASpr.
Jack. T. A K. W.
42,2o6
248-21)0; 3.275.800
575,200; 11.5 31,800
769,00 *j
3.621.300
1,1-2,100
74.700,
137.300)
95,000!
1,355,500*
2,4.■> 7.700
3.191.500
2,34 MoO
1.865.700
28^,800:
328,600,
8.751.900
4.310.500
2.499.900
4.932.300
1,9.0,106
1,0'.9,300, 20,165.900
585,200! 20,18), 800
£07.200
390 900!
5.655.400
43,600
2.931.600
ll.807.00 *
11,74 3,000
wk Sept
wk Sept
Dub.ASiouxC. Au.gii.-t
la. Falls A S.C. \ugu.-t
Tot. lowaliues August
”2'600
5,339
16,830
50,568
Sept
CedarF.AMin. August
537,900
194.500,
598,6 00
lO.f 35.100
2 7(>.>.' 09
264,509
23.089
wk Sept
wk
1
1886.
149,085 5.443,707
89,350
695,882
23,085
322,297
22,5 14'
786,774
86.89
3,455,1 5
4,906
106,678
10,795
587,779
116,007
wk Sept
...
82,400
626,000
4 007,000
1,*11,700
2,010.600
1,168,600
2,619.50 »
1,342 700
1,320,609
834.900
215.800
249,000
90*,000
2,207,800
1,379,SOD
1,697.900!
52,238
Georgia Paeilic.. August
Gr. Rap. & Ind.. 2d wk Sept
Grand Trunk
Wk Sep. 17
Gn.BayW.ASt.P July
Gulf Col. AS. Fe. July
rTous.&Tex.Cent 1st wsSept
tll.Cent.(Ill.ASo) August
264,000
11.423,600j
2.4 17.400
8 4 <0.900
113,300
...
Evans. Alnd’plis; 2d
E v'ansv. & T. H. 2d
Flint A P. Mara. 2d
Fla.R. A Nav.Co. 2d
Ft. W.ADen. City 2d
1887.
i?
August....
Ddi.Lahs’gA No. 2d wk Sept
E.Tenn.Va.AGa. 2d wk Sept
45*000
6.652.300
5,801.000;
9.004,000
3,103,000
$
181,000
Det.BayC.A Alp. August
45,000
8,163 000.
933,30->
271.500
2
Bowery
69,700!
$
982.900
82,400
North America
Hanover
263.100
296 200
Circula¬
tion.
4,873,90
7.363,20'
1.961.700
Peoples’....
50.)!
191.100
74,6*'0
34 6,400
3.522,400!
10.540
4.116.500
Chatham
lend*ers.
other
than U. S.
.Jan. 110 Latest Date
1886.
Deny. A Rio Gr. 3d wkScpt
Denv. A R. G. W.
Net Deposits
Legal
Log
Specie.
10 7-0 000
New York
latest date
Latest Earnings Reported.
Roads.
Average Amount of—
N. Y.
399
July.......
......
fPhila. A liead’g
Coal A Iron Co July
Pitts. A West’rn-.August.
F*rt RoyahvAug.1,] uly
P’rtRoyjilA W.C. J uly
Rich. Ter. Co.—. I
Kiolnu. A Dan. August
Va.Midl’d Div.[August
Char. Col. A Ait. j August
Col. A G r. D i v.. IA u. u s t
West.No.C.Div i\ i\list....
Wash.O. A W.. August....
Ash v. A Spar.. August.... I
"
..
i
$
July
August
$
$
$
165,436
101,08 l 1,109,867
997,602
A tell. T. A S. F
1,481,261 1,341,951 12,107,798 9,586.429
Atlanta A Char. J.J ill V
85,108
79,009
6 <0, 01
080,954
Atlantic A Pao
2(1 wk Sept
43,224
36,381 1,849,557
9*2,229
11 1.OU0
1 17,251
July
818,614
747,176
igd wk Sc.-t
57,600
58,00 >! 1,920,194 1,820,480
2d u k Sent
35.974 1 ,3 / 8,4 33
41,487
94 4.538
Is* wk-ept
61.405' 1,868,456 1,783,208
56,413
■2d wk >e t
10.340
13,048
525,390
440,til 1
Cal. Southern
j2(1 wk Sc.pt
24,070
18,6021
986,596
462.624
Ju V1 1 7,021
97,7 33
360,289
312,262
■2d wk 8 p?
243,000
219,000 7,28 8,091 6,524.-23
22,352
Augu.-t
165,249
<439,66 t
20,248)
..
..
....
....
..
1
Central Iowa.
Central Pacific
U'gtlSt
1 vugust
June
July
July
...
498,015
1
451,891' 3,658,358
3,191,132
828,626
12,091
117,022
815,421
1,171,8*7 1,025,274
i),») 3,.0 / 2
30. 57
32,917
281,701
3x0,081
405,509) 2,449.192 2,22 .,327
Julv
98,980
95,8 10)
582,721
489,322
147.399 1,178,871: 1,025,085
178,2 22
; August...
Cliie. & Alton.
'June
717,190
637,4-4 3,964,9311 3,522,328
2d wk 8* pt
48.054
43,(.08 1,481,825 1,064,945
July.
161,840
| 1,4 32,12 >1
Chic. Bur. A Q. Juiy
2,167,801 2,330,741
42,131
!2<1 w k Sc.pt
37,9 13)
31,825
July
1-,78()|
52 7,000
)2d wk Sept
569,767
.inly
2,249,484 2,146,493
1
August....
499,82 4
439,287;
:3d \\ k Aug
x,l 10
4,791
July...
561,480
493,340 3,.556, / 17 j 3,183,497
2d w k Sc[»t
27,035
28,3-2
959,250
951,946
1st wk.'lifl\
70,121
65,565 j 1,597.308 1,369,172
56.800 1,832,016 1,766,281
ClQ.Iud.St.r..AC.|2d w k Sept;
55,030
10.227
13,*_ 14
317,520
Cin.Jack.AMaek) k! wk Sc.pti
277, 25
€ n. N. O. aT.P. 2d wit
5 *,525
67,010'
2,252,044 l,9o6 622
Sept;
Ala. Gt. South. 2d wk Sepd
30,518
22,666 1,020,2821
770,142
N. Orl. A N. E.'vd wk Si-pt
7,681
426,492!
10,768,
391.470
Vicksb. A Mer 2d \\ k S pi!
9,901!
7,715
331,784!
322,943
Vicks. Sh. A.
3.: 3 319!
1-,125:.
9,13 1
285,09 i
P.;2 t w k Se t|
Briantrer Pyst.! d wk Si -11!
130.38J!
107.021
4,363,951! 3,676,270
S 966!
Oin.Ricij.AFt.\\. 24 \\ k s< p;;
8,351
2 1. ,900
2:7,357
Cin.Wash.A Balt 12< 1 w k S,-pt!
51,739
45,9171 1,456,15) j 1,339,011
Clev.AknmAi 'ol,2d wk Si
1 1,401'
11,160!
391,31 91
379,661
pt)
Clev. A Canton 'Aligns
33.• -97 j
2 8,-04
!
35,229!
234,635 i
385.291
Clev.Col.O.A In.f Ju y.
348,131' 2.434,7 1 : 2,167,359
1
Clev. A Marietta lstwkSept!
6,357
201,307!
185,120
5,454;
Col. A Cin. Mid.j2dwkS.pt*
225,622!
7,941
7.244)
215,"92
Col. Hoek.V.ivT. August
*
240,452
211.406
1,686,036 1.390.202
...
_
..
j
Kich.APetcrsbg. Jniy
Rome W. A Og. July
4tli wkAug!
2 1 wk Sept:
2*1 wk Sept ■
2d wk Sept'
St.L.ASau.Fran. 2d wk Sept
Sc.Paul A Duluth 2d wk Sepi'
S .P.Min.A Man. August....
...
Scioto Valley... July
Shenandoah Val. August
South Carolina
July
So. Pa ili(? Co.—
Gal liar AS. A July
Louibki Whs' July
N. Y.T. A Mex.
i’ex.
...
*
!
N.
Orl.
.
July
14,135
13,118!
368,000
331,088
148,600)
53,6001
1
37.4 0
55,500
15,000
8,000
18,606
29*',71 1
32.6 <2|
22,410
63.740)
102,940
39,024
684,934
69.305
84,000
75,300
2,286,140
i,022,779
....
July
August
vugust
...
Sept
2d wk Sept
1st wkScpt j
117,052
460,644
12,659
26,564
1,271,08
973,441
186,43 4
174,042
2,641,421
2,503,985
1,037.383
487,644
905, 427
37,n47
3 1
49,189,
440,5-') 1
6,100;
38, l 1 0
133,090
00'
lb, ^>9
2 4 8,005
30.914
29. HI
1.935)
74.100
48,628,
627,7 < i-1
50,74 5!
80,0'’():
74,777:
236,570
56,802'
477.026
3 2.395
3J2.400
1.673,5.6
67,9. 0
21,587
121,575
1,494,919
6-4,559
733.323
9 .7,360
6 i -4,5l >5
814,901
502,678
4.030 405
1,102,297
3.133,627
909,335
19,082
38,610; 1.530,217
112,374)
7,728.239
I
47,000
51,573
14,7
23,247)
736,639
July
2d wk
15 *.21 !
17,596
107,750
Juiy
July
9,4 24.4x5
191,505
17,8 13
251,414
70.5 40
297,388
9,547
1,066,002
4,7
60,387) 4.146,808
423.3 4
55
»
4.213)
355,960
4 47.743
607,455
595,790
1,810,397
452,116
2,239.407
1,469,915
3.7,267
-77,393
2 249,967
92,00.
13,110
78.341
680.874
97,43 4 i
5i8,3s3
681,(.1 | 5,2*1,168 4./03.873
2,035,582.14,o£ S,8;;0 12,771.690
2,717,19" .19.339,9 2 17,475,563
59 1.80
546.833
110,09. !
443,5111 3,455,6 9 3,399,602
cl ,*187
8,4-0
237,2t 2
3 8,954;
19.886
0:»
,927
£ 2
,667
571.818
»*o4,3 -2
13,724,535
July
(2,479,372 2,3..3,47-115,501.204
3,:
11c
*-i
‘A71 1 47
51,05
410.025
373,147
54,814
Valley of (>hio.. August....
11 ,,89 ij 4,45 s,.*3 1: 3,74S,6d3
Wab. Western... 2d w 1c Sept
148,314
Wat). E. of Miss.) J uly
585,001 i 3,68 ’,301 3,59 >,890
008,573
20,732
r. 1
n
..
^
!
i
199,974
M.|2d *k Septs
11,7.-9
’West J< rsey
.July
Wil. Col. A Aug
(July
Wheeling A L.E. 2d wk Sept
Wis
1011
sin Cent’l 2d wk
Chie.Wis.A
Min. St.C.A
Sopi
W.j2d wk Sep
|2d wk Sept)
1
..
-v
Atlan’c syst’in
Pacitic system
Total
Staten Is.Rap.Ti
Texas A Pad lie
Tol.A.A.AN.M’h
Tol. A Ohio Cent.
jol P. A West..
Union Pacific..
j
!
..
Morgan’s LAT July
......
.
j
)
St. Jo A 0*1. I si
St.L AlLoiKtT.lI
Brandies.
St. L. Ark.ATex.
1,778,439)1,295,170
Penokce
Wis. A
Mimi..i2d wk Sept
44,119
15,051
37,112
8,792
179,8*58)
41,251;
11,23
27.3
I
5j
800.48 .)
39 1,506
510.772
1,4.3,4 *8
0
38 0,830
40 ,006
1,021,843
5,67(>j
43.,95
0,852
339,889
177,642
3,956'
204,780
12-V, 021
•
8,344
0.0
725,497
..
t
And brand.es.
c
Not'incTmrii7gUen7of'^N.
’ Including branches
Not including earnings of N. Yr. Penn. A Ohio.
* Mexican currency.
,L in cither year.
CHRONICLE
THE
400
Dominion Government should not authorize the construction of any
line of railway running south from the main linn, of the Canadian Pacitio
Railway to any point witnin fifteen miles of the infernati *n:d bound¬
ary. * * *
Wit i.out the provision for protectiorrthe necessary capi¬
tal could not have been secured and th^ railway could not h ive beeu
constructed.
The c nnpany completed its wo k iu less than !i ilf the
Jnucstment
AND
Jiivilvoad Intelligence.
The Investors'Supplement
time required by contract, and commenced work on a
lines extending south and southwest from Winnipeg.
Cities and of the Slocks and
Bonds of Railroads andl oilier Companies. It is published
on the last Saturday of every other month—viz., January.
and is fur¬
March, l ay, July, September and November,
nished, rrithout extra charge to all regular subscribers of the
Chronicle.
Extra copies are sold to subscribers of the
Chronicle at 50 cents each, and to others af $1 per copy.
GENERAL INVESTMENT NEWS,
Railroad Net
latest reports
Earnings.—The following table shows the
published.
of net earnings not heretofore
August.
,
,—Jan. 1 to Aug. 31.-^
\
1887.
1886.
1887.
Natneof Road.
Cent.RR.& BkgCo.Gross.
$
49w,015
Net...
171.459
Cliio. St. L. & Pitts.Gross.
$
$
1836.
$
3,491,132
451.391
62.526
3,653,358
982,179
758,151
439,287
3,699.57 8
Net...
499,824
147,936
127,815
Cleve. & Canton — Gross.
33,697
3.3,229
946,5 -8
234.635
3,007,547
401,85 >
22s,804
Net...
12.51 6
60,999
50,542
Keokuk & Western.Gross.
30,879
13,124
9,196
2-<,207
Net...
Mexican Central *..Gioss.
Net...
N.Y.Sueq. & West.. Gross.
Net...
379,420
159,920
131,474
59,832
Name of Road.
Cal. Southern
Gross.
Net...
Cliic.Burl. & Nor...Gross.
Net...
Clev. Col. C. & Ind.Gross.
E. Tenn.Va.&Ga.
34,388
385,291
151,570
Gross.
42 4,2 L5
Lake Erie & West... Gross.
Net...
&Ogd...Gross.
Net...
»Estimated.
1
Net...
Net...
Rome Wat.
1
158,173
179,327
74,763
290,711
3,071.577
1,356,379
94.846
39,029 -
"/ ((///,*■1887.
1886.
$
$
106.230
59,511
39 515 dcf.2,210
161.840
6—*-'■
T
5,816
270, 9 L
74,871
\
867,149
389,645
t—Jan. 1 to
1887.
$
839,772
371,372
1,432.12 5
2,389.895
733,7 23
696,474
2 >0,615
July 31.—
1886.
$
364,9 16
def.32,825
363,163
3 Iw,13 L
126.412
2,421,711
2,167,359
867,467
331,046
110,*17
2,809,069
703,372
2.222,412
717,444
631,t20
1,673.576
672,601
1,491,919
567,491
161.666
43,-99
248.0 5
104,739
system of branch
Up to this time it
expended on branch lines in Manitoba about $3,700,' 0b. Tun Com¬
pany, to promote tin* country’s mt rest, made its rates on a scale far be¬
low the rates of any «>f the railways in the United Stives similarly situ,
ated. The effect was an enormous redu'tion in the rates p iid by the Prov¬
ince to and from the 10 ist over American lines. For fuel and commodities
essential to the growth of the country the rates wore m tdi* especially
low, and year by year h tvo been reduced, until they at e now m many
cases less than one half the rates originally authorized.
The charge
that the rates are excessive is untrue. '1 lie average earnings of the
company have been :
has
contains a complete exhibit of
the Funded Debt of States arid
[VOL, XLV,
1884.
1885.
1886.
Freight per ton per mile
I*k0o.
1*450.
l*10c.
Passengers per mile
2*60c.
;
2*45c.
2*10c.
And omitting the through trallic to and from the Pacific frem the fig¬
ures of 1886, tliey stand : 1*14 cents per ton per mile for freight, and
2*13 cents per mile for passengers—a lower average than is shown by
any important American line, aside from the old trunk lines in the
East
It has been the aim of the company to so adjust its tariffs that
the settlors in the Canadian Northwest should receive more for the
products of their farms arid pay less for fuel than settlers in the
United States.
It would be absurd to urge that the comp etion of the
sixty-six miles of railway now undertaken by the Government of Mani¬
toba would ruin the Canadian Pacific system; but its construction
would be a violation of the contract with this company, and the direct¬
ors feel it to be their duty to maintain the riglvs of the cumpany in the
waiter.”
Central Iowa.—At Marshalltown, Iowa, S-pfc. 17, the sale
of the Eistern D.vision and of the branches of the Central
Iowa Railway took place.
P. T. Lomax, special master, con¬
ducted the sale. They were bought iu by Mr. James Thompson
of New York for the Stickney reorganization committees.
The Eastern Division brought $550,000 and the branches
$400;000.
The main line will bi sold on September 28.
Central Pacific.—Messrs. Speyer & Go. give notice that the
Central Pacific Railroad Company, having assumed payment
of the $6,000,000 first mortgage 6 per c^nt bonds (series “A”)
of the California & Oregon R uiroad Company, due January
1, 1888, has resolved to extend the same at the rate of 5 per
the term of thirty years, and that holders who wish
themselves of the privilege <>f the extension are re¬
quested to present their bonds until October 15, next, at the
office of Speyer & Co., where copies of the extension agree¬
&mt for
to avail
ment can be seen.
Central Railroad & Ranking Co. (da.)—The earnings and
August and for the year ending Aug. 31 were
expenses for
as follows :
Topeka & Santa Fe.—A press dispatch from Chi¬
Aug.
,
r—12 runs. cmVg A>07.31.—*
Sept. 21, says : Three documents—memorandum of sale,
18-87.
1886.
1887.
1836.
deed of con'eyauce, and lease—w< re filed yesterday in the
Gross oirnings
$49*,OL4
$151,890
$6,369,138
$6,157,752
Recorder’s ( ffice by the Atchison Topeka & Santa Fe Railway
4,116,109
4,113,460
Operating expenses
326,556
389,361
Company. Thememoradum of sale sets forth that the Grand
Net earnings
.$171,438
$62,526 $2,251,029 $2,041,292
Junction Railway Company agrees, on or before January 1,
1935, to sell and convey to the Atchison Topeka & Santa Fe
Chicago Milwaukee & St. Paul.—The Kansas City exten
Railway Company 1,207 feet of land facing on State Street sion of the St Paul will be completed next month. A line
and extending from Twelfth to Fourteenth Street, the con¬
nearly 60 miles iu length is also bt mg built from Merrill, Wis.,
sideration to bt $1,300,000 in gold and the payment to be in a
northerly direction into the Gogebic rang*-*. Beyond the
made whenever the deed is given.
In the meanwhile the above lines nothing is being built on any portion of the St.
property is to be used by the Atchison Topeka & Santa Fe Paul system, and the company intends to do nothing further at
upon j'&ymt nt of 6 per cent per am um interest on the* agreed present in new territory.
purchase pi ice, pay a* lesemi-annu illy to the Chicago & Grand
Trunk. In consideration of these payments the latter com¬
Chicago Rock Island & Pacific.—This company has issued
a circular to its stockholders dated September 17, 1887, which
pany consents to the sde and releases its claim upon the
contains the following : “ The board of directors deem it ad¬
property. The instrument is dated July 20.
The deed of conveyance is from the Chicago & Grank Trunk visable that this company shall have at its command addi¬
to the Atchison I opeka &SmtaF<j, of the right of way of tional moneys to he used in the extension of its lines, for
the former’s tracts from Forty-ninth Street to Western further improvement an 1 construction, and to increase its
avenue
and Twenty-sixth Street, the consideration being facilities for the transportation of peisons and property; and
$300,000 The right to run trains over ir, however, is reserved offer to sell to its stockholders 41,930 shares of ir,s capital
by the Chicago & Grand Trunk. This paper is also dated stock, authorized hut not issued, at the par value thereof—
$100 per share. Each shareholder will he entitled to purchase
July 20.
The lease is from the G’ and Junction R dlway Company to shares having a par value equal to ten per centum of the par
the Atchison Topeka & Santa Fe. Tt leases the tracks and value of the shares which will stand in h s or her name, when
property of the Grand Trunk Railway situated in the vicinity the stock books shall be closed on the 29tn of September, 1887.
of Habted and Forty-ninth Streets for a term of 99 years, the Payment for all shaves purchased must be ma le at the office
annual rental being $18,000. In all of these the Chicago of the Treasurer, at 13 William Street, New York, on the 1st
Santa Fe & California Railway, by virtue of a contract be¬ day of November, 1887.”
tween it and the Atchison Company, under which it will be
Chicago St. Louis & Pittsburg.—The gross and net earn¬
permitted to use the tracks. &e., becomes jointly liable for ings and charges for August and for the eight montb3 to
the fulfilment of the contracts.
August 31 have been as follows ;
August.
,
Jau. 1 to Aug. 31.
.
Buffalo New York & Philadelphia.—This railroad will be
1887.
1886.
1887.
' 13s6.
reorganiz-d in two separate corporations, under the laws of Gross earnings.
$499,824
$139,287 $3,699,5’8
$3,007,547
the States of New York and P< nnsj lavania, which will then Operating expenses 3.31,868
311,972
2,753,030
2,605,692
consolidate under the name of the Western New York &
$147,936 '
Net earnings
$127,315
$016,548
$101,854
Pennsylvania Railroad Company. The reorganiz-d company Fixed charges
90,938
10-3,992
766,046
805,053
will crea>e a first mortgage not to exceed $10,000,000.
It is
Balance
$36,998
$21,323 sur. 180,502 def.$ 103,204
said that a contract has been made w ith a syndicate to take as
The expenditures for construction, equipment. See., in the
many of the first mortgage bonds as will he nects ary for the
purpt ses of the new company, which will then start free of a eight months were $125,974, against $97,002 in 1886.
floating debt with a cash capital adequate to the supply of
East Tennessee Virginia & Georgia.—The earnings and
needed eq lipment.
exptnses for July, the first month of the fiscal year, were as
Buffalo Rochester & Pittsburg.—This company gives follows :
1887.
1836.
notice that the proposition to increase their stock to $13,000,Gross earnings
$124,215
$13
,016
000 did not meet with the concurrence of the managers.
Operating expenses
214,429
266,0*2
Canadian Pacific.—Sir George Stephen, President of the
Net eariungs
$158,173
$116,617
Canadian Pacific Railway, has add rested a letter to toe stock¬
Fitchburg.—This railroad company has file! its first report
holders on the subject of the Red River Railroad agitation,
to the Rilroid Com mis donors of New York since its absorp¬
which also contains a statement of the Company’s position in
tion of the Troy & B iston and Boston Hoosac Tunnel & West¬
the rate-* uttir.g matter.
t
ern lines, and it presents the following figures for the quarter
“In October, 18-0, the contract for the construction of the Canadian
ending June 30:
Pacific Railway was made. It provided that for twenty years the
Atcliison
cago,
.
...
THE
September 24, 1887.]
$l,2’7,f 51
901,626
Gross earnings.
Operating expenses
19.854
Other income
270,114
Charges
119,735
Net income
Balance sheet jcne
ASSETS.
Cost of roa«l, Ac
Sto ks and bunds
on
”70,600
483,770
Fu uleddebt
Loan « a d bills
197.655
Interest on funded debt
ITS,279
D
160*6,9
390,213
555,889
21m,32)
145,< 02
16,510,600
1,6’-63(H)
241,647 ! Dividends unpaid
569,688 Due for wages, &c
Cash
Other investments
254 471
9,375,065
$40,424,17 5
Indiana
'$7,000,000
comnmn
Capital, preferred
117,02*i
2,71 t, >77
hand
Total
LIABILITIES.
Capital,
$26,470,071
Due by a gen’3
Due by others.
Due by companies,Ac.
Supplies
30, 1837.
!
OtherpenmOr invest’s'
CHRONICLE.
1
ie
companies
Profit&los*pres,tyear.
Surplus Juue 30
1
$10,424,175
Bloomington & Western.—Coupons of the first
mortgage preferred bonds, Peoria Division, due July 1, 1886,
January 1, 1887 and July 1, 1887, with interest at 6 per cent
will be paid at the Corbin Banking Company, 115
Broadway, October 1.
per annum,
Little Rock & Memphis—Memphis
M. & L. R. company was reorganized
of Little Rock & Memphis.
closure in April last.
The $250,000
name
& Little Rock.—The
Sept. 1, 1887, under
The road was sold in fore¬
preference mortgage and
the $2,600,000 general mortgage of the old company and all
other incumbrai ces will be retired with the new 50-year five
mortgage authorized for $3,250,000. The fixed
charges will be $162,500, as agdnst $248,000 required by the
old company.
The gross earnings fro n Jan. 1 t > Aug. 1 are
given as $410,436,as against $351,545 for the same period in 1886.
per cent
Nashville Florence & Sheffield.—This Tennessee Railroad
Company has made a mortgage to the New York Central
Trust Company for $2,500,000, for the completion of the road
and branches and to pay the bonded and floating debt.
New York
Chicago & St. Louis.—At Cleveland, O., Sept. 22a
special meeting of the stockholders of the Clevelmd & State
Line Railroad Company was held, and at which was adopted an
agreem-nr. to consolidate the company with the New York
Chicago & St. Louis Railroad Company in New York and
Penrsylvania, and the Fort Wayne & Illinois Railroad Com¬
pany in Indi na and Illinois
The consolidation thus effected
includes all the companies formed by the Nickel Plate reor¬
ganization committee and covers the right and title to the en¬
tire Nickel Plate road, the name of which, it was resolved,
shall be the New York Chicago & St Louis Railroad Com¬
pany.
A meeting of the stoc kholders will be held at New York
on Saturday, Sept. 24, when the following gentlemen will he
elected directors: W. K. Vanderbilt, Cornelius Vanderbilt, H.
McK.
Twombly, J. S. Kennedy, Janies A. Roosevelt,
Charles Reed, F. A. Mizener, D. W. Corwin, J. II. Wade,
F. P. Olcott, C. M. Dopew and Allyn Cox.
The new
directors will hold their fir t meeting on September 28.
It is expected that the new securities will be ready by Octo¬
ber 15.
The directors then elected will meet next Wednesday
and organize. D. W. Caldwell, the receiver of the road and
its former President, will probably be elected President.
The
Board will also authorize the issue of the bonds provided for
in the reorganization scheme—namely, $20,000,000 first mort¬
gage bonds, payable in gold coin fifty years from date, with
interest at 4 per cent per annum. The new company expects
to take possession of the road in October.
New York Stock Exchange.—The Shenandoah Valiev Rail¬
road makes application to the Stock Exchange to list $4,113,000 general mortgage bands.
The St. Paul & Northern
Pacific asks to list $300,000 additional first mortgage 6 per
cent bonds.
North-Eastern (South Carolina).—This road is reported
leased
ihe
Wilmington & Weldon Railroad Company for a
years at an annual rental of 6 per cent on the
capital stock, which is $900,000.
to
period of 90
Northern Pacific.—The new board of directors of the
Noithem Pac fic Railroad Company has elected the following
officers: President, Robert Harris; Vi e-Presid mt and General
Manager, Thomas F. Oakes; Third Vice-President, James B.
Williams; Secretary, Samuel Wilkesou; Treasurer. Robert L
Belknap; General Auditor, J. A. Barker, Sc. Paul; Land Com¬
missioner, Charles B. Lamborn, St Paul. The total vote cast
at the recent ‘-•lection
it
was
754,193 shares.
was
Total Northern Pacific Committee vote
Oregon Trans-Contiucntal party...
Scattering
Total
Director Wright
divided
as follows:
Northern Pacific Committee
Viilard ami Belmont proxy
says
38Q,974
19,1 0
406,174
317.- 99
3 iQ
754,193
—Preferred shareholders of the Northern Pacific R ilroad
will meet next month to vote on the proposition, submitted at
the annual election by President Htrris, providing for the
removal of that restric ion waich lim es the amount of bonds
issuable by the company without the consent of preferred
stockholders.
Hmry Viilard has a proj act for raising $3,000,000 or $10,000,000 of money in Europe, nil a third mortgage
401
Poughkeepsie Bridge.—A Philadelphia despatch says that
P.ughkeepsie Bridge Company have beerc
all the bonds of the
placed through Barker B
os.
& Co. of that city.
Payments of'
30 per cent of the $5,000,000 subscribed were begun Thursday’
to the Investment Company of
The other
Philadelphia.
instalments are payable during the next few months.
The
bridge will he completed by early spring.
Rome <fc Carrollton.—The
came
of this company
has been
changed to Chattanooga Rome & Columbus The road is being
put under contract for its entire length, Chattanooga to Car¬
rollton, 140 miles, standard gu ige. The following are the
securities: First mortgage 50 year 5 per cent gold bond for
$2,240,000; income bond 6 per cent non-cumulative for $1,400,000; capital stock, $2,800,000. The former mortgage of the
Rome & Carrollton will be retired
by the
new
issue.
Texas & Pacific.—Notice is given to the stockholders andbondholders of the Texas & Pacific Railway Company that in
pursuance of the power conferred upon the committee in the
eleventh article of the modified agreement of August 13*
1886, the following changes in the plan of re-organization of
Railway Company have been
the affairs of the Texas & Pacific
made :
First. The interest on the new first mortgage bonds shall
begin to run from the first day of June, 1888, and the first
coupon shall be payable December 1st, 1888.
Second. As compensation the holders of each consolidated
six per cent mortgage bond on the Eastern Division shall
receive 115 85-100 per cent in new first mortgage bonds, instead
of 112 per cent as in said agreement provided.
Third.
The holders of each N- w Orleans Pacific bond shall
receive 61 80-100 per cent in new first mortgage bonds, instead
of 60 per cent as in said agreement provided.
Fourth. The holders of Rio Grande Division bonds shall
receive 41 20-100 per cent in new first mortgage bonis, instead
of 40 per cent as in said agreement provided.
Fifth. The holders of terminal bonds shall receive 25 75-100
per cent in new first mortgage bonds, instead of 25 per cent
as in said
agreement provided.
Rome Watertown & Ogdensburg.—The earnings and ex¬
for July, and from Oct. 1 to July 30, were as below :
penses
July.
.
1887.
Gross
earnings
Opeiating expenses
Net earnings
..
$290,711
155,344
$135,367
,
r-Oct. 1 lo July 3110/nos.—*
1886.
1886-7.
1885-6.
$248,035
143,326
$2,161,309
3,399,112
$1,134,549
3,537,548
$104,739
$1,062,197
$897,001
St. Louis Alton & Springfield.—At Springfield, HI., Sep¬
tember 16, th° mortgage d-ed of this railroad company wa»
tiled at the office of the
of first mortgage bonds
Secretary of Sta*e to secure the issue
for $1,200,000, at the rate of 5 per cent,
interest, for thirty years. The Farmer’ Loan & Trust Com¬
pany of New York is trustee.
United States Treasury Bond Purchases.—At the Treas¬
ury purchases, Sep:. 21, the total of all the offerings was only
$1,370,300 bonds. The bonds accepted amounted to $1,065,300. ranging in price from 107 90 to lOSJ^. as follows :
Coupon bonds—Harvey Fisk & Sons, f500,000 at 108)4 J A.
E. Neitleton, $10,000 at 10790; Maverick National Bank,
$13,000 at 1081-4; New England Trust Company, $39,000 at
108)2* H. Y. Wemple, $100,000 at 108 49; Wnite, Morris <fe
Co., $20,000 at 10814, and James Talcott, $25,000 at IO8I4.
Registered bonds—Investors’ Security Company, $3,()00 at
108)4; John H. Van Antwerp!, $53,000 at 108 247: Maverick
National Bank, $25,000 at, 103) g and $37,000 at 108First
National Bank of New Bedforo, $20,000 at 108: Yeit- Stern,.
$200 at 108!.<; Edmund and Charles Rindolph, $11,500 at
108; New Euglunl Trust Com ‘any. $31,600 at 108)a>; Charles
G. Burnham, $2,000 at 108; H. Y. Wemple, $30,000 at 108 49j
Wlnt“, Morris & Co., $80,000 at 107 98, and Lewis Johnson &
Co., $65,000 at 108)£.
—The following circular is issued in regard to bond pay¬
ments
:
Treasury' Department,
t
Washington, i>. C., Sept. 22, 1887. >
On and after this date the Government will purchase daily, unt
October 8, 1887, at the ofli e of the Secretary of the treasury, to be
applied t, » tlie sinkiu*r fund, United States four and a half per cen t
Ponds of 1891 and four per cent bonds of 1907, acts of July i t, 1870,
and January 20. 1871, upon the following terms: The four and a hal r
per cent bonds wi.l be accepted at one Uuiidredandeiglitundfourteutlis (I0v4) during the above stated period, and tlie four per cenj
bond8 during the remainder of the present month at one hundred and
twenty-five (125), and from October 1 to October 8, 1*87. a: one hun¬
dred and twenty-four (124;, which prices include accrued interest to
date of purchase.
The aggregate amount of both classes of Ponds which will be accepted
within the time above specified is not to exceed $i4.*)00,0 d>.
Offers should state tlie specific character of the bonds, whether regis¬
tered or coupon.
No further bids for bonds, as provided in circular No. 90. dated
August 3, 1887. will be received after This date.
Interest due October 1, 1887. on United Srat.es bonds, amounting
about $ 1.500.0 k , will be paid o>> the gntli in-it. without rebat**.
to
(Signed)
Hugh S. Iiiompson, Acting Secretary.
Under ih s circular there wore purchased on cue 22d some
$694,700 of the 4)£ per cents and $2,800,000 4 per cents.
Winona «te Southwestern.—The parties who assume the
for budding this road are Minneapolis m m, repre¬
contract
by Gem. A. B. Nettleton, William McIntyre and Col,
already boug he the Muon City <fc
is in operation about 70 miles, for
bond, wherewith to wipe out the company’s short obliga!ions. 1 $1,400,000, and this will be made part of the Southwestern .
and it is also suggested that it would be well to take uo and Twenty miles of the new road from Winona, Mi m., must be
pay for (at 105) the 6 percent b »nds of the Oregon Trans¬ completed by Aug. 1, 1888. and the road is to b.A in operation
continental Company secured on branch roads an! guaranteed to Mason City by Jan. 1, 1889, and to Omaha, 330 miles, by
Jan. 1, 1890,—R.R, Gazette.
by the Northern Pacific.
sented
A. M. Hatch.
They have
F »rt D »dge road, which
THE CHRONW1E.
402
19th. Six thousand shares of the
gleports atiiT JJflatmjettts.
ABSTRACTS OF RAILROAD MORTGAGES.
publish this week abstracts of the General Mortgage of
Jersey, dated July 1, 1887,
and of the 1st Mortgage on the Toledo St. Louis & Kansas
City Railway, dated June 1,188G.
We
&ke Central Railroad of New
THE CENTRAL RAILROAD COMPANY OF NEW JERSEY.
$600,000.
following bonds, stocks and certificates
(for the purchase of which bonds are reserved as provided in
the mortgage) which may be from time to time transferred
20th. All of the
new
and delivered to the trustee under the terms of the
mortgage,
viz.:
Name of Securities.
'
Total par value of
amount outstanding.
First mort^a^e bonds of tlie Central Railroad of N. J
Convertible bonds of the Central Railroad Co. of N. J
$ ,000,000
4,400,000
Consolidated bonds of the Central Railroad Co. of N. J....
15,000,000
5,254.000
Adjustment bonds of the Central Railroad Co. of N. J
GENERAL MORTGAGE—JULY 1, 1887.
following extended abstract of the
capital stock of the Vine-
land Railroad Company, amounting at par to
-
The
|_VOL# XLV■
General Mort¬
of the Central Railroad Co., of N. J., to secure bonds due
.July 1, 1987, has been prepared under official supervision:
gage
Parties—The Central Railroad Company of New Jersey, of
the first part, and the Central Trust Company of New Arork,
Bonds of the Newark & New York Railroxd Co
Bonds of the New Jersey Southern Railway Co
Bonds of the Long Branch & Seashore Railway Co
Bonds of the Leliiffli Coal & Navigation Co.
Stock of tlie New York & Long Branch Railroad Co
Stock of the South Branch Railroad Co
Stock of the West End Railroad Co
Stock of tlie Newark <fe New York Railroad Co
Certificates of the Railroad Car Trust of Philadelphia
600.000
‘
200.000
2,310,000
500.000
438,300
43,700
87,350
...
Certificates of the New Jersey Car Trust Association,
limited
Certificates of the Central New Jersey Car Trust
Certificates of the Guarantee Car Trust
Certificates of ti.e Central Railroad Co. of New Jersey
Car Trust
Trustee, of the second part.
Property Covered.—1 st. All the railroads of the company,
Its railroad from the Hudson River in Hudson County
viz.:
to the Delaware River in Warren County, New Jersey; its
branch railroad from Jersey City to Newark; its branch rail¬
road from Elizabeth to Perth Amboy ; all its interest in the
21st. The interest of the company
1,590,600
52,800
50,000
80,000
700,030
823,000
in the lease made April
26, 1881, of the Dover & Rockaway Railroad to the Longwood
Valley Railroad Company, of which latter the company owns
telegraph lines along said railroad and branches; all rights of
the entire capital stock.,
way and trackage over other lines of railroad; all lands and
22d. A lease of the Ogden Mine Railroad, dated November
water rights; all station and ferry houses, workshops, engine
bouses, car houses, warehouses, wharves, docks, piers and 4, 1881.
23d. All tlie property which tlie company may at any time
other structures; all betterments, additions, improvements,
furniture and fixtures; all material and supplies, and all acquire with the proceeds of bonds secured by the mortgage.
machinery and tools owned and used in connection with said
THE BOND.
railroads and telegraph lines; all outstanding dues and claims
General Mortgage 5 per cent one-hundred year Gold Bond.
of said company, and all maps, books and papers relating to
its railroads and the business thereof; all corporate
rights,
privileges and franchises acquired and to be acquired in
nection with said railroads;
all streets, water
courses
Date.—July 1. 1887.
Amount Authorised.—$50,000,000, of which $40.393,750 are reserved
to provide f r obligations previously issued.
con¬
and
Classification.—Coupon and registered.
easements appurtenant to any part of the mortgaged property.
2d. Four tracts of land on the water front in Hudson County,
New Jersey, described by metes and bounds, of which two
Denomination.—Coupon bonds $1,000; registered bonds $500, $1,000,
$5,000, $10,000, $50,000.
Coupon bonds may be converted into registered bonds, and registered
bouds of large denominations into registered bonds of small denomi¬
nations at any time, without e.\peine.
Principal Payable.—July 1,1987, at office of company in Jersey City,
or at its office it agency in the city of New York.
are located in Jersey City, at the terminus of the company's
railroad, and two adjoin its railroad in the city of Bayonne.
3d. A lease of the New York & Long Branch Railroad, ex¬
tending from Perth Amboy to Long Branch, New Jersey,
dated October 6, 1873; also, i5,000 shares of the capital stock of
the New York & Long Branch Railroad Company, amounting
at par to $1,500,000.
4th. A lease of the South Branch Railroad, extending from
Somerville, to Flemington, New Jersey, dated March 18, 18G2.
5th. A tripartite agreement of the company with the Dela¬
ware 6c Bound Brook Railroad Company and the North Penn¬
sylvania Railroad Company for a continuous line of travel
between New York and Philadelphia, dated March 30, 1876.
0th. Bonds of the Lehigh 6c Wilkes-Barre Coal Company,
dated February 23, 1878,-for $0,110,000, with all unpaid cou¬
Interest Payable. At such rates not exceeding 5 per cent per annum as
may be fixed from time to time when the bonds are issued, on
coupon bonds semi-annually, January 1 and July 1, at office ( f the
company in Jersey City, or at its olfice or agency in the city of New —
York;
on
registered bonds quarterly, January 1, April 1, July 1 and
check, mailed to the registered address of owners of
October 1, by
record.
principal and interest are payable in United States gold coin of '
equivalent to the present standaru of weight and fineness, with¬
out any deduction for such taxes now or hereafter levied by the
United States or by any State, county, or municipal authority upon
the property and franchises conveyed, or upon the bonds or any
int- rest thereon, as the company may bo required to deduct there¬
from, the company agreeing to pay the same.
Both
or
Interest.—No purchase or sale of any coupons
any advance or loan thereon or redemption
hundred and thirty-two thousand shares of the thereof by or on behalf of the railroad company, shall operate
capital stock of the Lehigh 6c Wilkes-Barre Coal Company, to keep said coupons or interest alive- or in force as a lien
upon the mortgaged premises against bondholders, after sale
amounting at par to $0,0u0,000.
8th. Thirty thousand shares of the capital stock of the of coupon's or assignment of interest separate from the bonds.
American Dock 6c Improvement Company, amounting at
Default.—1st. Default in payment of principal or interest
par to $3,000,000.
for ninety days, after due demand in writing, gives Trustee
9th. Eight thousand five hundred shares of the capital
stock of the High Bridge Railroad Company, amounting at option to declare principal due on all outstanding bonds : and
a majority in interest of the bondholders can require Trustee
par to $850,000.
to declare such principal due, or prevent or reverse the
10th. Three thousand shares of the capital stock of the
declaration,
"Longwood Valley Railroad Company, amounting at par to
2d. Default in payment of principal or interest or perform¬
$300,000.
ance of any other covenant of the
mortgage,.after written
11th. A lease in perpetuity, dated March 31. 1871, of all the
railroads of the Lehigh Coal & Navigation Company within demand, entitles Trustee to begin foreclosure or other appro¬
the State of Pennsylvania, including their bridge across the priate proceedings in any proper court.
3d. Default for ninety days, after written demand, in pay¬
Delaware River.
ment of principal or interest, entitles Trustee to take posses¬
Also an agreement modifying said lease, dated June 28,
sion, of the mortgaged property and' manage it until net in¬
1887.
come lias been sufficient to pay all interest in arrear.
12th. All the railroad equipment of the company.
4th. After default for ninety days, after written demand,
Also, all the income from the mortgaged railroads and
in payment of principal or interest, one-eighth in interest of
property.
the bondholders can require Trustee to begin foreclosure or
Also, all corporate and other rights,-privileges, franchises other
appropriate proceedings in a proper court, or otherwise,
and appurtenances of or belonging to the company, inclu¬
according
to the requisition.
ding every privilege of exemption and immunity from taxa¬
5th. After default for ninety days, after written demand,
tion.
in performance of any other covenant of the mortgage, one13th. All the floating equipment of the company, its
ferry eighth in interest of the bondholders can require Trustee to
rights,
and the lands in New York City on the west side of
West Street, opposite the foot of Liberty Street, used for its begin foreclosure or other appropriate proceedings in any
proper court, or otherwise, according to the requisition, sub¬
ferry and transportation business.
14th. Eight hundred and fourteen shares of the capital ject to tlie power of a ma jority in interest of the bondholders
to require Trustee to waive such default and withdraw pro¬
stock of the Constables' Hook Railroad Company, amounting
ceedings, or to proceed according to requisition of majority.
at par to $81,400.
Purchase of
or
pons.
7th. One
15th Seven
hundred and
net take
advantage of any present or future appraisement,
valuation, stay, extension, or redemption law of any State
wherein any part of the mortgaged property is situated.
par to $79,000.
10th. One thousand seven hundred and seventy-three shares
of the capital stock of the Lake
Com¬
Ilopateong Railroad
amounting at
par
Mode of Sale.—Mortgaged property may be sold as a whole,
unless majority in interest of tlie bondholders direct other¬
wise, and is not to be subject to sale under judgment obtained
to $177,300.
17th. Fifteen thousand nine hundred and six shares of the
preferred capital stock of the New Jersey Southern Railway
•Company, amounting at par to $1,590,600.
18th. Two thousand four hundred shares of the
capital
stock of the Toms River Railroad Company, amounting at
par to $540,000.
.
or
Waiver of Defenses.—In case .of default, the company can
nuiety-six shares of the capital
Company, amounting at
stock of the Manufacturers’ Railroad
pany.
interest,
by individual bondholders unless entered for the purpose of
enforcing the trusts contained in the mortgage.
I
Registration of Bonds.—The company must always maincity of New York a public offipe or agency for ex-
turn in the
»
September
THE
24, 1887. J
CHRONICLE.
403
change and registration of bonds, without expense to the bond¬ bridges, piers, rights of way, buildings built or to be built,
holders, and keep there registration books, open to inspection depot grounds and land procured or intended for use for rail¬
of trustee and holders of not less than $500,000 of bonds.
road purposes; all leases, and all terminal facilities,
property and
Bondholders' Meetinr/s.—Meetings of bondholders for acti< >n rights, and structures of every description; including all ter¬
authorized by the mortgage may' he called by Trustee, and minal facilities, property ami privileges of every kind and
must be called on written request of holders of not less than nature that belonged to tlie Toledo Delphos & Burlington.
$500,000 of bonds, on notice published in New York news¬ Railroad Company, to the .companies that consolidated with
the same, to the Toledo Cincinnati A St. Louis Railroad Com¬
papers twice a week for four successive weeks, and mailed
to registered bondholders; or, on failure of Trustee to call
pany, including the companies that by/consolidati*>n formed
meeting on request of holders of requisite amount of bonds, the same, to the Toledo Charleston A St. Louis Railroad Com
or
of the company, the President of the company or such patiy of Illinois, to the Bluil'ton Kokomo & South Western
bondholders may call the meeting. Bondholders are to have Railroad Company of Indiana, to the Toledo Dupont A West¬
ern
one vote for
Railway Company, and all the property which vested in
every $1,000 in amount of principal of bonds.
Proof of ownership of bonds may be required at meeting.
Sylvester II. Kneelaiul as purchaser thereof, at judicial sale
December
1885, now used in connection with the said line of
Deposit of Mortfailed Storks.—Certificates for the stocks railroad orJO,
the maintenance or operation thereof, or whethei
assigned by way of mortgage, except fifty shares or less of the same shall at
any time hereafter be acquired therefor; and
each company, to qualify directors until proceedings are
all
rolling
stock,
materials, franchises, etc., now owned
also
begun by Trustee to enforce remedies under the'mortgage,
remain in name of the company, but must be deposited with | or which may hereafter be acquired for the purposes of the
Trustee, and stamped and indorsed with executed transfer, j said railroad, and all income, etc., from tlu* property.
THE BOND.
available when such proceedings are begun: dividends beingFirst
payable to the company while in ;possession of the mortgaged Date.
Mortgage G i»»*r coat Gold Bond.
Jane
-
i
railroad.
Assignment of these stocks is not
of the
J, 188o*.
—
to prevent consolidations
companies with the company or with each
the purchase by the company of their railroads and
several
other, or
property.
Upon consolidation or purchase, the properties in question
are to he conveyed to the Trustee,
by supplemental mortgage.
Certificates of stocks pledged in adjustment mortgage of
May 1, 1878, are not to be returned, canceled or specially
transferred until after satisfaction of that mortgage.
Deposit of Mortgaged Bonds.—All bonds of the company,
or of other
companies, assigned by way of mortgage must be
deposited with Trustee and stamped, the company otherwise
to have all rights of bondholders respecting them, until pro¬
ceedings are begun by Trustee to enforce remedies under the
mortgage; all coupons and interest, when payable, to be
delivered and paid to the company while in possession of the
mortgaged railroad.
Bonds pledged in adjustment mortgage of May 1,1878, are
not to be deposited or stamped until after satisfaction of that
mortgage.
Issue of Bonds.—Trustee must certify and deliver to the
company on request, all the bonds secured by the mortgage,
except an amount equal to the securities specified in the 20th
clause of description of the mortgaged property; the bonds so
excepted to be Certified and delivered to the company in
exchange for an equal amount of any of such securities when
purchased and made subject to the mortgage, or upon deposit
with the Trustee of moneys sufficient to pay entire amount due
thereon, provided there "shall always remain unissued and
uncertified an amount of general mortgage bonds equal at par
to the par value of said securities, which have not been can¬
celed or deposited, or for payment of which requisite moneys
have not been deposited.
Exchange of Property.—Company may sell or exchange
any part of mortgaged property, or lease any part, or com¬
promise claims to any part, on thirty days' notice to Trustee,
which, unless it makes written objections, or if the objections
be overruled by arbitrators, must release the part in question
from lien of the mortgage; and the company may change loca¬
tion of any tracks or structures; property received on any
exchange and new tracks and structures to come under the
mortgage, and proceeds of any sale amheonsideration received
on any
compromise to go to improve mortgaged property or
purchase other property to come under mortgage, or to pur¬
chase general mortgage bonds for cancellation.
Leases.—The company may cancel any lease mortgaged
when all the stock of the lessor company has been deposited
with Trustee, and may modify such lease* at discretion, the
modified lea^e to be sub ject to the mortgage.
Trustee.-—Trustee may resign on three months* notice in
writing or on shorter notice if accepted by the company, and
may be removed by vote of majority in interest of holders of
outstanding bonds at a meeting called for the purpose.
In case of vacancy in trusteeship, a new trustee may be
appointed by majority in interest of holders of outstanding
bonds, by instrument in writing or vote at a meeting ; but if
such method of appointment, prove impracticable, application
for appointment of new trustee may be made by holders of
one-eighth of amount of outstanding bonds to any court of
competent jurisdiction in which any of the mortgaged prop¬
erty is situated.
Amount
Authorized—$9,800,0 '0;
"*0,000 to !>;• h -Id l*v flip trustee,
and issued at til*1 rate of 8-0,000 per mile,
only for tke purpose oX
building a life* of railro 11 to extend from Dupont, Ohio, to a point
at or livnrDeean.r. Indiana.
Peno nimai’m.—*1,000 ea< li.
Lou non or llenistere.d.—Coupon;
books in New York City.
Principal
but may be registered on the company’s-
Pay able.—The principal is payable
June 1. 191G, in gold
coin of the United States of the present staiul .rd of
weight and fine¬
ness, at th« agency of the company in New York City.
Interest Payable.—Tile interest is 0 per eent per annum, payable June
1 and December 1, in like gold coin at the said agency.
Taxes.—Principal and interest shall be paid free of all taxes.
Retiremtnt before Maturity.—The company reserves the right to take up
the entire series of bonds on June l and December i in any j ear,
after giving six months' notice, by the payment of 8 1,050 for each
of the bonds.
Default.—If default in the payment of principal or interest
shall be continued for six months, then the trustee is author¬
ized on the written request of the holders of one-half of the
bonds outstanding, in respect of which default has been made,
to enter upon all the property hereby conveyed and to operate
the railroad, and to apply the net proceeds to the payment of
the principal and interest of the bonds as the same may be or
becouie due and payable; and in case the principal shall have
become due said net income shall be applied to the payment
of such principal and interest pro rata without preference or
priority. And in case of default of interest continued as
aforesaid, then, at the option of the holders of one-half of the
bonds outstanding, the whole principal of said bonds, together
with
the interest thereon, shall become due and pay¬
able, whether said principal bv the tenor of the bonds be
then due
trustee is
or
to
become
due,
and
thereupon
the
authorized and directed to cause the whole prop¬
hereby conveyed to be sold at public auction in Ncw~
So much of the net proceeds from
judicial sale as hereinafter provided,,
as may he necessary, shall be
applied to the payment of tho
principal and interest owing and unpaid, whether the princi¬
pal be due or yet to become due: and in case of a deficiency
of proceeds to pay in full, the principal and interest shall be
paid ratably in proportion to tho amounts owing and unpaid
respectively, without discrimination between principal and
erty
York City or Toledo.
such sale, or from any
inters st.
In case of default authorizing sale as aforesaid, the trustee
is authorized, instead of making sale of the property, to pro¬
ceed by bill in equity, or other appropriate proceedings in
court, (o foreclose this mortgage and to have tin* property
sold by judicial sale under the decree of court.
At any sale
bonds may be used toward payment of purchase money.
Trustees.—Any trustee may be removed from the trust, and
in t he office may be filled, by an instrument in
writing executed by a majority of the bondholders. In case
the bondholders’shall fail for twenty days to fill the vacancy
as provided, the directors of the
company may make a tem¬
porary appointment, to continue until the bondholders shall
designate a new trustee.
any vacancy
Wabash St. Louis A Pacific.—Receiver J. McNulta has
issued his report of receipts and disbursements for August.
A recapitulation shows the following : Balance cash on hand
July 81,1887, $045,975: receipts Aug. 1 to 31, inclusive, on ac¬
counts prior to April 1, 1887, $8,*49; receipts August 1 to 31*
inclusive, on current account, $1,008,538; total, $1,663,363,
Disbursements, Aug. 1 to 31Y inclusive, on accounts prior to
April 1, 1887, $19,900; disbur-ements, Aug. 1 to 31, inclu¬
sive, on current account, $759,048; total, $788,948: balance
TOLEDO ST. LOUIS & KANSAS Cl TV.
cash on hand Aug. 31. $884,415.
A summary of receipts and
FIRST MORTGAGE ON THE TOLEDO ST. LOUIS & di-bursements from Jan. 1 to Aug. 31, 1887, shows : Receints,
KANSAS
CITY
RAILROAD TO
SECURE
GOLD $5,839,029; disbursements, operation of road,
$4,110,017;
track rentals, $99,537; New York A Pacific Car-Trust associa¬
BOND DUE JUNE 1, RUG.
tion, interest and expenses, $87,588; taxes, year 1880, $191,Date.—June, lb 1880.
892; special taxes, $7,583; interest on first mortgage bonds,
Parties.—The Toledo St. I/mis A Kansas City Railroad
$437,647; leaving cash on hand, $884,415.
Company, of the first part, and tlu* American Loan A Trust
—At St Louis. Sept. 19, in the United Slates Court, Judges
Company, of New York, and Joseph E. McDonald, trustees Brewer and Thayer handed down th ir decision on the ques¬
of the second part.
tion of compensation for the Wabash receivers.
The O'>u?t
Property Covered.—All and singular the railroad of the made an eLbora'e explanation or justific itiou of its finding.
company, extending from Toledo, Ohio, through the States of The roast* r had re omroended an allowance of $112,509 each :
Ohio, Indiana and Illinois, to the city’of East St. Louis, being the Court allows $70,000 each, but that amount only covers
a
distance of about 450 miles.
And also all the lands, tracks.
the tervices to date.
THE
404
CHRONICLE.
[VOL. XLV.
COTTON.
J'lte Commercial 'Jaimes.
COMMERCIAL
EPITOME.
Friday Night,
Friday, P. M.f Sept. 23, 1887.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week endicg
this evening (Sept. 23), the total receipts have reached 187,740
Sept. 23, 1887.
consiierable disturbance in
business circles on account of the money pressure, which was
relieved by the announcement that the Federal Government
would largely increase its redemption of bonds.
There was
also general complaint in mercantile circles of the scarcity
of loanable funds, which continues in a measure to the cl >se
of the week.
But there is confidence that the workings
toward an easier money market will now make satisfactory
progress, and complaints on this score have almost cease i.
hales, against 126.041 bales last week, 85,437 bales the previous
week, and 39,309 bales three weeks since, making the total
receipts since the 1st of September, 1887, 414,737 bales, against
232,860 bales for the same period of 1886. showing an in¬
crease since September 1, 1887, .of 181,877 bales.
Oeneral trade fell off somewhat under the financial pressure,
and speculation in the leading staples of agriculture has been
Savannah
Early in the week there
fitful
was
in tone at variable
prices; the only decided change for
being in wheat, for which the export demand has
slightly improved. The new cotton crop is coming forward
with great freedom, and now promises to be a large one.
Labor troubles are nowhere sufficiently serious to attract
the better
much attention.
delivery has developed rather more speculat¬
ive interest, but to-day there was a partial recovery of yester¬
day’s decline on a demand to cover contracts. Lard on the spot
has bten dull and drooping, but closes steadier though quiet at
6*65c. for prime city, 0‘75@6’80c. for prime to choice Western,
7@7’05c. for refined to the Continent and 7 40c. for refined
to Bouth America.
DAILY CLOSING
Saturday.
.
9
..
January “
February “
Mch.
...
.
.
PRICES OF LARD
MonrVy. Tuesday.
6'(>4
6-GO
6-60
6.66
6-71
6*66
6-64
6-6C
6-6 4
6-74
....
....
Pork has continued
6 63
6-64
6*64
6-69
6 • 15
6-83
dull; old
Wedns’y, Thursday.
6*67
6*63
=6-62
6-68
6-74
6’- 0
me9S
$15 25,
6’65
6*61
6-61
6'66
new
Frida.i
6 68
6 64
6"63
6-63
6- 3
6-80
do. $ 6@
reductions there is,
close, rather
doing. Refined sugars are also lower. Teas meet with
a very good demand.
Kentucky t>b cco has sold in the past week to the extent of
875 hluls., mainly for export and speculation. There is a fair
demand at unchanged pi ices. Seed le-if continues to retire; a
large movement, and sales for the week are 3,050 cases, as
follow.^: 200 cases 18S5 crop, New England Havana seed, 15(3
20c.; 350 cases 1880 cr< p. do. do., 15(®24V£c.; 400 ca-c-s 1880
crop, do. seed leaf, 13(3lGh£e.; 200 cases 1881 and 1885 crops,
Pennsylvania seed leat. 9(3) 15c.; 400 cases 1880 crop, do. do ,
at the
more
1734c.; 250
cases
1880
c<op,
do. Havana seed, 10(31734c-’ 000
1880 crop, New York State Havana, 12@20c.; 400 cases
1880 crop, Wit-consin do., 7*£@ lOJ^c.: 300 cases 1880 crop, Ohio
seed leaf, 7^@ 1034c ; 150 cases 1885 crop Little Dutch, 9(3)
cases
lO^c., and 400 caees 1880 crop, Little Dutch, 934@ 11c.; also,
Havana, 00c.@$1 10, and 350 bales Sumatra, $1 40@
$1 75.
Spirits turpentine has been dull and closes easier at 3234(3)
8234c. Rosins have improved and close at $1 16@$1 15 for
common to good strained.
The speculation in crude petro¬
leum certificates showed increased acivity with the return
of ease in the money market, and yesterday advanced to 09c.
To-day the market was active, closing at 6S^@085gC. Clover
seed is lower at 71^@8c. per lb.
Hops are in some export
demand at 18(®20c. tor prime new.
On the Metal Exchange there has been little doing.
Ingot
copper has further declined, selling yesterday at 10 05c. for
December delivery.
To day the sneculitim in block tin
revived, and there were s lies of 00 tons straits at 20,80@
450 bales
20’85c. for October and 22 05c. for November.
Ocean freights sho v some improvement in the volume
of grain sh patents, but at low iaea, including yesterday
Hull at 132d• 5 and to-day Antwerp at 214cl. and London 2d.
4,468
Galveston
Indianola, Ac.
lues.
9,311
....
4,027
....
Sew Orleans...
4,706
8,513
Mobile
1,309
633
Florida
Brunsw’k, Ac.
—
Pt. Royal, Ac.
Wilmington
.
9,871
1,671
.
4,355
m m
V
6,117
33,148
•
....
6,010
232
322
1,345
....
m
9,017
•
5,056
mm »
2,125
....
Moreh'd C.Ac.
....
....
....
1,778
2,578
1,877
West Point, Ac
....
1,914
1,431
Sew York
2
....
Pliiladelp’a, Ac.
250
250
12,277
67
67
3,612
2,747
12,368
10,346
Totals this week
.
1,385
.
....
....
•
.
1,231
....
•
.
2,696
....
•
.
3,280
....
....
70
....
1,458
1,506
1,496
....
Baltimore
....
1,408
....
15
25,422 35.447 36.631
31
11
3
3
....
....
18
....
....
1,100
27,043
2,059
'
....
Sorfolk
.
856
....
1,860
m
46,799
4,332
3,691
.
856
“
....
.
37,821
5,512
9,487
1,100
mm*
8,049
....
4,790
.
Total.
5,960
....
5,66/
«
Fri.
2,761
....
5,641 11,515
3,507
Charleston
Thurs.
4,870
...»
....
5,690
Wed.
21
21
10
101
25,360 26,856 36,024 187,740
For comparison, we give the following table showing the week’s
total receipts, the total since September 1, 1887, and the stock
to-night, and the
items for the corresponding periods of
same
last year.
FUTURES.
$16 25, prime $14 25(3>$14 75 and clear $10
$17 50. Cuthave been quiet,
meais
but pickled bellies are dearer
at
lOi^cDlOJoC.,
shoulders
6@6igC. and hams 1 @
1234C.; sunlit u shoulders 7@7j4c. and hams 13@13)oC. Beef
remains nearly nominal ; extra mess $7@$7 50 and packed
$7 50@$8 p r bbl ; India mess $10 50(3$ 12 per ice. Beei hams
dull at $10(3 $10 25 per bbl.
Tallow closes quiet at 4c. Stearine is lower ;it 7(37;}gC.
Oleomargarine is quoted firmer at
fi^c., with little doing. Butter is dull at 17(324c. for cream¬
ery.
Cheese has b en unsettled, and low grades are cheaper ;
State factory full cream, 10(3) 12c.. and skims 4(3)9c.
The
swine slaughtered at the principal Western towns from
March 1 to September 21sg numoered 4,540,000,
against
4,575,000 same time last year.
Rio coffee has been more active for future delivery.
A de¬
cline early in the week, in both spots and options, brought
forward buyers for the reaction that was thought to be prob¬
able.
To day there was some advance, closing with sellers at
17,40@18T0c. for Oct. to June. Coffee on the spot has been
fairly active, but at ddining prices until to day, when there
was a partial
n covery, with fair cargoes of Ro quoted at
19^40., with more doing iu mild grades, including Java at
23(324c. Raw sugars have been dull and diooping; fair
refining has declined to 4%c. and centrifugal, 90-deg. test, to
but at these
if on.
Boston
Lard for future
October deliv’y
Nov.
Dec.
“
Sat.
Receipts at—
1887.
Receipts to
Sept. 23.
Galveston..
.
1886.
Stock.
This
Since Sep.
This
Since Sep.
Week.
1,1387.
Week.
I, 1886.
81,350
33,148
27,630
1887.
Mobile
Florida
Savannah.
..
Br’sw’k, Ac
Charleston
..
42,682
46,508
83,543
Ind’nola,Ao
Sew Orleans.
1886.
'
.
73,558
37,t21
5,512
17,661
3,753
806
2,742
7,0
38,170
5,233
1,530
46,799
111.467
31,979
65,446
1,100
4,309
900
1,100
27,043
63,627
15,662
26,013
41,816
999
192
314
478
282
3,749
17,118
3,793
10,234
5,599
13,306
46,851
7,035
32,853
3,511
72,613
42,860
22,349
Pt.Royal.Ao
250
Wilmington
M’liead C.,Ac
12,277
24,406
3,005
67
103
-i
26
21,624
4,525
5,961
16,579
125
490
203
17
44.785
93,889
.
Norfolk
W.Poiut, Ao.
Sew York...
_
12,368
10,346
m
m m*
......
......
Boston
31
41
31
45
3,300
5,000
Baltimore...
21
24
200
503
2,808
?kiladel’a,Ac
101
102
226
711
4,790
2,772
7,138
Total
232,860
299,139
262,728
187,"40
414,737 106,601
In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons.
fieceipts
1887.
at—
1884.
1885.
1886.
Galvest'n.Ao.
33,743
27,630
19,493
Sew Orleans.
17,661
larl’st’n, Ao
Wilm’gt’n, Ac
37,821
5,512
46,799
27,293
12,34 k
14,826
4,781
34,625
19,9.9
Norfolk
12,363
4,525
Mobile
Savannah
...
C
3.758
31,979
15,354
'3,012
25,163
14,776
22.439
27,575
26,528
23.941
3,318
1.747
11.950
33,223
29,406
31,717
21,357
22,758
3,294
21,557
4,161
4,657
7,936
1882.
1S81-.
10,750
2,096
4,387
3,010
1,903
9,57c
4,676
9,961
1,715
3,387
W. Point, Ac.
411 others
10,346
125
2,109
2,057
7,418
1,203
Tot. this w’k.
187,740
106,601
114,873
118,413
125.032
136^479
8lnce8ept. 1.
414,737
232.860
'275,465
256,925
319,507
296,957
...
.
Galveston include** India,noia; Charleston Includes Port Royal, Ac.;
Wilmington lnoludes Moreh’d City, Ac.; West Point includes City Point,&o.
The exports for the week ending this evening reach a total
of
58,718 bales, of which 40,973
Week Ending Sept. 23.
.
From Sept. 1,1887, to
Great
BriVn. France
from-
Ccnti-
lotal
nent.
Week.
3 314
..
4.815
11,416
4,883
Sept. 23, 1887
Exported to—
Exported to—
Export$ '
Sew Orleans
to Great Britain, 5,434
the Continent. Below are
September.!, 1837.
were
France and 12,311 to the rest of
the exports for the week and since
to
Great
Britain. France
Conti¬
nent.
3,314
3,314
21,114
24,019
8,300
5,990
5,100
6,100
4,815
.
4,883
ToUL
3,314
34,317
.....
Wilmington...
4,*30
3,500
5,100
850!
Snrfolk
'iew York
8.742
loston
2,*91
019
2.503
11.924
65
2,950
.
...
Total
2.171
3,830
2.1*4
3,830
4,530
12,311
53.718
93,070
n 7*7
4 l *7 ■<
07
,,,,,,
******
40.973
5,434
91.04*
n
51*
719
io,7>:o
5.100
850
....
40,553 ;
6.512
2.190
.
-ialttmore
-’blladelp’a, tc
-
4,800
*
6.392
89
(
47,064
6.601
2,196
4,530
5,534
10,104
115,308
1« 157
9.110
87.231
September 24, 1887,]
THE
CHRONICLE
In addition to above
sports, our telegrams to-night also give
us the following amounts of cotton
on
shipboard, not cleared,
at the ports named.
We add similar figures for New
itH
o-o opa
sE 32.^ 9?i a
P
Sept. 23,
AT—
Shipboard,,
Great
Britain. France. Foreign
NewOrleans....
4.U00
1,949
None.
9,500
8.5u0
500
400
13,326
3,<00
None.
None.
7,500
200
5.000
None.
New York....
Other ports
Total 1887
Total 1886
Total 1885
4.538
822
None.
None.
12.700
1.500
6.100
6.676
14,700
3.613
Nouo.
2,000
7,200
1,000
None.
None.
3 sj
©
15,165
31.686
3.635
17.616
42,913
4,000
24.200
2 -1,700
23,615
5,000
14,900
22,893
5,234
29.H85
6,000
22,697
3,049
43,751
17,098
122,580
33.115
31,37 5
10,04 i
5,364
13.6-9
14,652
13,114
71,450
191,278
70,112
171,6 ^ 8
20,257
I
-j
<
to
p
b
•
3;
.
n
10
«
® •
or?
last, changing contracts from early to late
with advantage to
prices for the
deliveries; but a new feature was developei in
^
*1
73l rt
7*8
7“l6
7 56
7*e
7^8
85b
91,
8^m
8 b6
97, R
9 r,8
Middling
Good Middling
9 1 ;l 1
6
lot,«
Middling
GULF.
GT3
.
711*16
STAINED.
8151
9°
9»,a
9»m
9^2
9*4
9:*4
911 ;6
10
OH
ft
in
11 ;*8
7*4
7 1*4
7 4
8i >m
9 3l
911
8iim.
9*8
9U>
95 m
9q,
<1,6
94
Qi
X
Th.
Frl.
7*16
73,0
714b
8*8
711,6
.858
®
-J
tb
:
1C
10
co
10^8
lt,38
104
1 138
115
m
Itlon Tues Wed
113
1
m
Th.
13,6
Frl.
615ie
678
ft T
7»8
7^16
89m
9716
8h
9:*8
() '8
7l*ia
61318
7 ifl
6i3,(,
74
8^
9 3s
74
S7m
87,e
95,6
^7,(5
95,6
SALES OP 81'OT ANI)
TRANSIT,
Ex-
j
Con-
CO X c
CO
OI
(-*
99
tfr<
cb 4
©
1
FUTURES.
j Spec- TranTotal, j Sales,
port, sump uL'Vn sit.
....j
2S3:
1
....;
486
j
....'
Q’t&S’y® I,,,dec
477,
—.,
476
rev. quo
....■
695;
.....
616
.
....3,033
-
i
....
477!
1
••••1
...J
following
and
Prices
of
comprehensive table:
Deliv¬
eries.
486; 7.3,400
1
...
1
283! 62,600!
476
695
GIG
....
Futures
78.100
83.800
36,000;
76,900‘
3,033 412,800!
...
Tiis danv deliveries given above
are
actually
^revinns to that on which the? are
reported.
The Sales
;
3S
.
r
w
Z\
7
|
® CO
AO
® cb
c
1—
03
©
<
©
^
ee co
toio
®
O
to
o
1
to to
X 00
co w
3i tfr-
to
it
w
^
©©O®
CC Cv
©to
®
1
CC
{fr¬
Z\
>
Z*
coco
©
COOJ
^
(fr.
to to
l
5? CO
coco
(A- -U
O
CO 01
>
{fr
~~4 CJO
Z
Ifr *-
^
GC OI
co
0
CO -O 0 *o
CO CO
to
o> 0;
cc 0
!T
coco
1^2.
©
1
3
*L
0 3
^
Oi
>
Z
©
t3 tO
^
1 S)
co co o
3*t
;>•
—
r->
—
■-> -jx -1
C>| 01
® Ji
CO
CO ^
to
coco
C. CO
**
CP 03
©
S:
^
c -
ci> ®
31
CO o
oo_
I1
OS
<
®
-3
yi
W
~r-_
coco
cr
0 3
-0 3
®
1 s)
x©^©
03
0 d
C/J-1
-1
>■
1 S'
<
9
-1
:
c
O
0
x © 0 ©
44 04
delivered
are
shown
the
....
....
day
by the
©
*1
CO
COCO
Z
03 Oj
©
1—»
’■*
1
-1
‘
©
•s
to
1
S;
;
®
^
Oi 00
1 s
A,
1
co
:
1
.
<1
tv
1
A,
O
<1
to to
^lao
<
<
®
®
C. 03
©
J
© n
^
tt- f*
1
1 S: :
11!
1 1
coo
©©
bj
-1 ~1
31
-103
I s>
I »)
O’-O
O A
9
®
©
Hi
dob®
»
i.
<
3D
to
Gt-CA.dC
I
ffr
1 S
03 J-
{fr
„
CD
<i
©
cc »
^
^JCP
:
®
CO
if-
®
^
1 s
:
to
©©c ©
00 QC
tf» if*
3
^
CO co o'
1
ta
I
^-1
1
b
o
©
^ CO
-
§
>
;
1
CO CO
CO
to
•
1 s
<?
©
-1-1
9
<
1
-11
404
j
z
^
b
fe!
co
:
b
Oq
o
a* 03
{>
3
g
b
© © - ©
J ■” C3
'
to
CO
1
c®
cc
1
®
©
'JO
CP
>
<
®
®
1 S; :
1
1 1
11
:
-1
i
>1
1 S: :
!-•
>
Z
>
I i
© ©
co©
b
.
-
CO
>
*
1
©
©©0©
.
Si-
9©
da1* i>
t~J
«o
Z.
a
03Cl*-
cm
-1
:
>
CO 0
d
d d 0 6
nr *o
Z
CC
CO
CO
44
o' d 0 d
OGO
x © 0©
©
ac to
w-1
O
o>
rfk
>
®
^
cji O
•d
•
CO©
A,
3
:
i
*-?,
-11
1 s:'7i.
CO © O CD
cocooco
CO CDC CO
a A
®
-1
o
z
©
’1
CO ©CO
b
{fr¬
<s~
1 s.°:
to
Z
UD
ee©
1 S)F:
>
•^4 Cj
CO O
>
Cj' CJi
t—
a 03
^
1 Si;
d
1
©
>
.
:
0.
0
Z
31
tO_
_
►
x ©
rO
rfl cji 0
-1 —I
11
£
b
b
CD O © O
CD
^
CP
COCO -5CO
©3 0 O is
©if*
to
>
1 S)*Jd
©
CO
®
^
O*
0
O co
~
Z
(p»
aooi
©
71
CC M
| S)H-
6 cs= 6
os
coco
®
03
CO 0
i ©Z5:
CO
c; 3
©, :
d ’ ‘
1
on
c>: m
| s 10:
is-::
9
Cj<
-a go
c;d
®
Cj
o'l 'i1 O
coco
<1
CO c o co
3*
CO
z
*
CO CO © CO
►
© ©
1 s> P:
if-
{fr-
CJi
Z*
1 S)w:
'J>w
§
tfr
CO
Cj-
<3
©
coo
CC CO
©
to u>
1 si co:
CO 'O c co
'-9
rfb
.
M
CJI
b-tb-0cc
©1-1
CJI Ji
<
Qq
a
©© © ©
cb ® cb
rflrflc £
►
b
©
c;
1 S*>:
to
CO
CO CO
©
tfr1^
o
© CP
1 S)^:
CO
g
9
►
^ <6k
\
cocooco
-j
cb
©
^
01
<s
CO
® ®
9® 9
1
1
CO
CC
O
ib
-1
ri
6
z
1 sw:
®
1+
>
CJ- (£*
1
CO
CO co
:
1-1
COCOo *
4
©9
cicc
D
-1
>
co
^
cii O *1
o’t
b
8
to
co
CJI
cjidi
ffi
0
©
CO SO
©
OCO
1 Sioo:
Oi
I
w
•
®
Z
coco.
<
©
^
31
CO
—
Z.
coio
©
>
1 Si
2 111 0 cb
coco
coco
®
00
z
cb O
CO ‘O
-
CO
>
1
>
00
*
I
3>-
1
©
COCO
^ co
<
‘-9
cbOti
©0©
.
M
C.
7.
®
CH
coo
vl
CO co
cc CO
it*
‘-9
o tb
Cc ►j
cb0cb
©
to to
1 Sy<:
CO
'1
ifr-
cc
tfr ©
-i
-4 75
ebeb
^
©o ©
,
CO
®
®©
©
to
OI
coco
<
to CO
CCCOoCO
—
cccc®
1
coco
tfr-
CT*
_
cb wOtb
au
>
-i©
w
®
{>
©
.
0
0
w
I sr:
CO
O cb
<
©
^
©©0®
to
©
(0
c
1
<1
coco
GC
©
to co o
!5
to *
o
CO*^
CO
COW
3»*
°o
CO ^
cb
w
01
'-'
1
~
1 S ~c\
CC cc
CO co 3»
rfi-
99
cb cb
CC ©
<
©
J0h“
© © 0 ©
®
" 1-1
'■9'-0
to to
C
CO
ee co
Cj 3S
IT CO
co©o®
to to
to
CJt
cctb
©
CO
CO
°
©CO
\ ^>m;
w
-1
I s 9:
a. 0;
CO
<103
^
9
-J
I
coy3
o
1
>
COCO
Z
2
I S9:
IP
®
to
CO
1
® ifL
,i>
cb cb ®
COCO
^
cc W —
to to
o»
CO o
.
COCOO CO
co co
{fr-
tbib
®
to
2
^
tfr.
coco
©
M
^
01 -J1
0 -•
>
Oi QD
coco
CO CO
Z,
-lO
I
CC © o
C0 0-0
co
I Sr-
w©
cocooco
cji
C3
^
4
d
©
to to
tfr-
to
to_
{fr¬
c.
1
03
o
© tb
to to
Z*
2
co^j
ww' ^
I s®:
I
>
COCO
coco
CO
coco
to
c?
J» ?4i
cn
0
I S -><:
u- co
to to
CO
w w
CC CO
COtO
tC
©
^
©
^
ifr tp
co©co
©©
ip.
© ©
>
*Z
coco
CO
*7
>_J
co
K- to
CO CO ©
I s®:
CO co o
%
©
a.
a a
>
tfr-
®
!§g
400
1
•1
©
©00
7D
o
-
-1
to *o
fC tO
4?
9516
i
1
Total.
a
9-27®
CC CO (-*
OS 31
£
0*3,6
The total sales and future deliveries
each day during the
are indicated in the
statement,
following
For tne con¬
venience of the reader we also add a column
which snows at t
glance how the market closed on same days.
Tliurs Quiet it
Frl.
Easy
•
®.
!
coco
os
"‘o
9*8
978
Zi
CO w
8*b
week
,
p
75
>0
I
CJ1 VI
c>
^9
<
4
CO
®
711,6
co to
•
O
9‘46
915,6
91,6
946
97,8
97,6
9*8
9*8
913
9»3le 913U
m
10lltt 1046 101 m
10^m 103,6 I03,a
10U16 109l6 109lH
9t«m
97e
95-G
CO
CO CO
•
9110
971h
94
ic
815j6
84
8ia,6
9
73,6
7:*4
93e
7916
to
:
Jl
ro-
Frl.
711«
79,h
CC CO
>
^
1 So:
rO
9-24®
9
S1
;
•
Wed
•
9-24® 7R.1
89
1 ® os:
CO
ocao
co
ICO,
I S' I
co
MARKET AND SALES,
Tues. Firm
.
®
w
totb
®
-s
COCO
to tO
...$lb.
Low Middling
Middling
46 dec..
CTC
O' rf-
'■*
coco
0
©
9i510 915,6
103,0 10ilH 1046
10' 0 10716 1<'7(6
11*16 11V. 1146
10*4
I0r>8
8^4
Sal.
3 4
9
103,« 1093
107,« 103g
10i:*m
1 l7j,
113s
Middling Fair
8j2
93b
9:1,6
9*1,6
9i&m
Fair
n
.
COCO
i
3>
746
Mou Tues Wed
7? ]l>
Good Mnbding
Strict Good
Middling
.
4.
CO
p;
® •
Z*
*
remote
Tit.
7lm
79m
9^
10
Sat.
Middling
Sat.. Quiet
Mon
Firm
»
®
CO CO 0 CO
^ cn © -ti
|U
to to
to
9
HD4
lOGm ION,
1 1 U1H
111*8
Middling Fair
8POT MaRiUCT
CLOSISU
•
Oi r*
C 00
bo
^
^
**•!**•
Goed Ordinary
Strict G od Ordinary
Low Mdialing
Strict Low Middling
Ordinary...
Striot Good Ordinary
a
P
CO CO
1 ® »:
-1 to
—
70 lb
Good
•
;
a;
<
CT. Vl
0
COCO
a smart pres¬
itlon ;Tue» Wed
{>
^4
i ^).X:
o
Sept. 23.
Ordinary
e.?oo
>3
i
p
©
9'-?
<
©
10 •£>
t2
—
Sat.
O
L>
9'-?
delivery tor tne week are 412,8(0
delivery the total sales foot up this week
UPLANDS.
Strict Oidmary
Good Oibinary
Strict Good Ordinary
Low Middling
Strict Low Middling
*•30^
02
~
cl.—r
•
10
*73 800
CCo.-7
C5
•d
ifr-ib
176,559
more
^
0
•
10
for export, 3,033 for consumption,
in transit.
Of the above, 408 bales
were to arrive.
The following are the official
quotations for
each day of the past
week—Sept. 17 to
Strict Good
^
£
P cj
.
!
®
P
x -
Iregula. Varible. Iregula. Varible. Iregula. 9-84 Varible. Steady. 9-85 62,<d)C Buoyant.
CJ X
5
’c ©
T5 coo."1
40
sales for forward
Ordinary
.
P
©
;
P-2?@
ft
®-x
■B1
rapidity with which current receipts were absorbed. This
pres¬
sure carried the
price for September to 9’60c., and gave some
strength to October. This phase of the market came to an
end on Wednesday, when the
position became normal in its
leading as| ects. Yesterday an irregular opening was followed
by a decline, which was ascribed to the absence of speculative
orders. To-day the market was easier, with free
selling of the
early months, but without material decline,
except for Sep¬
tember. Cotton on the spot has met with
only a moderate
demand from local spinners,
who are now in receipt of consid¬
erable supplies direct from the South.
Quotations were
reduced l*l6o. on
Monday and again on Wednesday, and yes¬
terday high grades were reduced }qC. To-day the market was
dull and weak at 9 ll-16c. for
middling uplands.
The total
for speculation and
00
gC
.
2
j*
a-® ®
vj
x *
® ®
a
&
sr ® *
P
2.2p
o
©'©’--'
X
vi
® •
w
S ptember contracts,
in which there was something
“ corner," due to the
very small stocks here and the
3,033 bales, including
.
3.
CO
3)
P
months—was
sure on
For immediate
P •
co
delivery at this port has
continued
—
S:
*5
c+-
•
x
® ®
0D
: 13?
i S-’r?
33
-3
i-J
©
3-® » -a
D x —
|
our
bales.
to
®
under review, and the
prices has shown much irregularity. Eirly in the
week the process known as
“switching”—and referred to in
a
q;
of
course
-f
“•as
» ©
58,682
The market for cotton for future
been quite unsettled for the week
of
sc
-t*
2. E-.
^
x
S’*1*
<
*0! ©
©
Stock.
Total.
~m‘ ® *
P 3
j
7.8 16
Mobile
Charleston
Savannah
Galveston
Norfolk
2" CD
©
Leaving
Coast¬
wise.
'
P
©
not cleared—for
Other
©
tv
x —
—'
T>
j.
© x
x pj
x a
X
Sa
00
On
00
2.
<
York,
by Messrs. Carey, Yale
which are prepired for our
special use
& Lambert, 24 Beaver Street.
405
si
1 S; :
:
1 S: :
•
i
1 1
;
( 1 :
p®63 We liave included in the above table, and shall continue eaoh
give, the average price of futures eaoh day for each month. It
will be found under each day
following the abbreviation “ Aver ” The
ween to
average for
each month for the week is also given at bottom of
table.
Transferable Orders—Saturday, 9*50o.:
Monday, b';0c.; Tuesday*
9*60(\: Wednesday. 9*55c.; Thursday. 9‘50c ;
Friday, D'ldo.
Short notices for
September—Tuesday, 9*45@9*4Sc.
The
•OR
•43
•18
•09
•35
•32
•33
•03
•07
■28
•09
•25
following exchanges have been made during the weeks
pd, to exeh. 1,000 Pec. for .Tan.
ltd. to exch. 3,500 Dec. for May.
pd. to exeh. 100 Jan. for Mar.
pd.
pd.
pd.
pd.
pd.
to exch. 500 Jan. for Feb.
to exch. 200 Jan. for May.
to exch. l,5oO Oct. for Apr
to exeh. 5,o00 Oct. for Apr
to exch. 500 Dec. lor Oct.
Sept.
pd. to exch. 1,500 Nov. for Mar
pd. to exch. 2uo Nov. for Jan.
pd.to exch. 700 Oct. tor Sept.
on. to exch. 5o(> Feb. ror
•06 pd. to excli. 600 Dec. for Jan.
Even 500 Oct. for Jail.
•37 pd.to exch. 200 Dec. for
May.
•30 pd. to excli. 5o<» Nov. for
AnrtL
08 pd. to exch. 100 April for
May.
•01 pd. to exeh. 100 Oct. for Jan.
•06 pd. to exch. 100 Drc. tin Jan.
•04 pd.toexc.
300Sept. s. n. 2ddfor
regular.
•21 p«l. to exch. 100 Oct for
Apr.
•('2 pd. to exch. l,OOo Jan. for Oct.
Even 100 Nov. for Dec.
The Visible Supply of Cotton
and
telegraph, is
as
follows,
to-night, as made up oy cable
The Continent*! stocks, as wellaa
CHRONICLE
THE
406
bales
week’s returns,
those for Great Britain and the afloat, are this
[VOL. XLV.
than afc the same period last year.
The
have been 43 767 bales more than the
more
receipts at
week
and
the
to
and since September 1 the receipts at all the
t .iwna are 93,461 bales more than for the same time in 1866.
Quotations for Middling Cotton at Other Markets,—
In the table below we give the closing quotations of middling
consequently all the European ligures are brought down
Thursday evening. But to make the totals the complete
figures for to-night (Sept. 23;, we add the item of exports from
the United States, including in it the exports of Friday only.
1886.
1885.
333,000
437,000
21.000
1887
bales 411,000
Stock at Liverpool
Stock at London
Total Great Britain stock.
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
3toek at. Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
30.000
21,600
417,000
354,000
1,500
26,300
4,000
46,000
22,600
200
18.000
300
656,000
2.900
4,100
31,600
33,000
53 I K
23.
128,000
4,000
2.36C
199,000
5,00C
26.000
40,000
16,000
39,000
44,000
Mobile
iavannak.
9,000
8,000
12,000
(Jharleston..
9,00C
Wilmington..
235,200
257.800
Total European stocks
India cot ton afloat for Europe.
Amor, eott’n alloat for Eur'pe.
73 J,700
Egypt, Brazi 1 ,*fcc. ,at!; for E’r’pe
3<\000
290,139
589,200
83,000
55,000
5,000
262,728
43,600
765,800 1,025,600
102,0«K
42,000
41,000
39,000
8,0(6
1,600
241.7*0
225,505
40.921
25,996
11,300
12,5 00
116,000
88.000
65.206
H
14,495
,769
bales
‘Continental stocks
American a float for Europe
United States stock
United States interior stocks..
United States exports to-day..
Total American
East Indian, Brazil, dc.—
Liverpool stm k
London stock
«Conti uental stocks
India afloat for Europe
369,690.
122.000
180,000
132,060
319,000
119,000
88,000
55,000
41,000
299,139
65,206
241,740
14.495
262,728
43,600
10,769
1S5,C'0
£9,06(5
225.565
40,921
12,560
14,3(0
705,340
684,097
804,161
819,771
2 i .000
103,200
30 000
163,700
116.000
83,0(0
5,000
30,000
Egypt, Brazil, &e., alloat
365,200
084,097
679,700
Total East India, &Q
Total American
7o5,840
9
CO r—i
9]ig
91io
9hlG
9
9
9
9
9
9
9
9
9
9ho
9ho
9
9
9%
9*#
9»h
951G
911C
91..
10 «4
it Loula
Ul-minnad...
Fri.
v e.ek
1SH5.
9L>
9 “%®
1CJ4
1014
.104
83i«
0‘h
9^
^
10
81-->1C
813,0
y^’iG
87k
9
9
9p
8liJlG
>'1:’1G
8*51g
9
9
9
914
9 hi
918
.
9 lo
9 >4
i*J4
1880.
4,402
1i
68,000
1-4.600
102,001
53,080
8 00i
SI,’: 4 3
114,873
819,771
Oh
978
Receipts at the Ports. ‘ S( n at
21,000
620.600
91ig
table
plan¬
tations.
The figures do not include overland receipts nor
Southern cbneumption; they are simply a statement of the
veekiy movement from the plantations of that part of the crop
•vInch finally reaches the market through the outports.
168,800
42,000
1,000
801,161
9
9i
Receipts from the Plantations.—The following
mii-Ltcs the actual movement each week from the
,005
30.020
310,300
9
9
8101G
978
3
9 r,s
1
908
9 4
911G
-Oho
9°ig
8l5lG
*0
978
91-J
9
9
0!
Lcnt-ville...
(5
97s
9Lj
10*4
9
9
....
253.00V
'
'
9K
9'h
i-’Jilladelplila.
iemphie
j
1887.
|
9,019‘
12,153 19,270
24.234 39,3 9
42,581: 85,437
71.915 120.041
loG.oo r 187,710
■8,091
Interior Towns.
1887.
1885. j
1880.
19 241
20 173
47. "42! 22, 9s6
47,520 23 250
17 31
45,299!
2:5, 793
49,. 57
31 751
50 8(52
52 512
58.731
82 551
s;
25 381
34
52
9741
5431
J
1685.
3,580
| 1686. | 1887.
7.814; 8,608
12,207. 10,040
21,937
61,156
01.333
30,846
47.0 0. 00,003
73,"20'113.799
The above statement snows—1. That the total receipts
be plantations since September 1, 1887, are
473,161
in lSS6 were 213,534 bales; in 1885 were 312,067 bales,
2.—Th t, although the receipts at the outports the past
1,019,297 1,144.961 1,4 40,371
5 m bd.
53fUl.
•S15i«d.
57,, d.
10& 1(/.
10U«(3.
O^k-c.
'Price Mid. Up)., Liverpool
Price Mid. Upl., New York
9
9V,
Baltimore....
25,906
168,000
153,000
..
vn^nsta
330.001
177,000
234 000
Thurs.
Sho
9b
Norfolk
Boston
American—
Liverpool stock
1 Yednes.
Ttiea.
Mon.
Galveston...
New Orleans,
1.049,297 1,144,901 1,440.371
>tlier descriptions are asfollowfli
]
closing quotations for middling cotton on—
Satur.
1.1C0
235,700
supply
ending
80s
Total Continental stocks
Total visible
Week
49,000
110,000
6.000
16.000
principal cotton markets for each
day of the past week.
165,000
2,000
5.000
14,0001
Stock in United states ports..
Stock in U. S. intenor towns..
United States exports to-day.
cotton at South ?rn and other
(.8,0(0
400
1,90 J
000
same
last year,
1834.
583.0- 0
508,000
-
same towns
from
bales;
week
ggpThe imports into Continental ports this week have beer. were 187,740 bales, the actual movement from plantations was
217,783 bales, the balance going to increase the stocks "ai the
10,000 bales.
The above figures indicate an increase in the cotton in sight interior towns. Last year the receipts from the plantations
to-night of 200,243 bales as compared with the same date of for the same week were 114,473 bales and for 1885 they were
1880, an increase of 200,579 bales as compared with the corres¬ 132,351 bales.
Weather Efforts by Telegraph.—Our telegraphic ad¬
ponding date of 1885 and a decrease of 91,831 bales as
vice.- from the South to-night indicate that rain has fallen in
compared with 1884.
most distric.s during the week, and that at a few points it
At the Interior Towns the movement—that is the receipts
for the week, and since September 1, the shipments for the has interfeied with the gathering of the crop.
In other sec¬
week, and the stocks to night, and the same items for the tions. however, picking continues to make excellent progress,
corresponding period of 1886—is set out in detail in the follow- and cotton is being marketed freely.
cfalveston, Texas.—We have had rain on four days of the
owing statement.
week, the rainfall reaching ninety-three hundredths of an
ac,inch.
The thermometer lias averaged SO, ranging from 73
Sjlioia
J1C O M O
‘®Lo
•
SgSs.sgi
®
jig? ‘gSS**
d
2 h £ © & s' m
R
-
k.2
cf' ;
g
SC ®
H
O <T ,+i
5J8 55oo-K'-n
5
»
HD
5.
9T
:
■
•
“S'**
tp
,•
»■
•
o o
d
.cc
—
I
n
®
2 »
Ll
PS
■
•
'
ST£.£ C
day of the week,
Picking is
The thermometer lias ranged from 65 to 92,
Palestine, Texas.—It has rained
B
C“
2?i®
®
to 87.
S 3 o
5 e* O
d
C? Jr
ct-P r,
~
sp
progressing.
averaging 77.
Huntsville, Texas —There has been rain on four days of
the week, the rainfall reaching ninety-four hundredths of an
inch.
Picking is active. Average thermometer 81, highest
95, lowest 70.
Dallas, Texas.—It has rained on one day of the week, the
rainfall reaching sixteen hundredths of an inch.
The ther¬
mometer has averaged 78, the
highest hiring 92 and the
fci
.
M
M
CO
h-*
05
O
C5
V)
C£5
-J
c
©
to
cjn
O
CO
0.
to
to to
*-> n »f- cn
05 to -1 C CP V’ O
O* CO CO v» '■£> tf* -J
01
CCWHM'Ji
<0
c. co o> 0. co <1 — to cc to cc © <1 c c
rfi- co co
if- cc m Co -4 oc Cn © o* cc co © 0; <jc o» © ac © to
CO 0>' C5 © CC CO If- #*• CO C CO C ►-* X cc tc CC
©
CO
CO >—1 *—• to
to
-4 cn © CO »0 (0
►-*
CP
CO
c
CO
M
O
00
05
cc
ox
05
w
O'
CC
*->
to
2- to
COCO-JHO>V—*
IO C 8—2' - J CO
CO
C5
01
©XtCt:©i-‘OtOCOi^
ot
ccatoK hoSjcj»bo'towtMfcOKcoco©.©ox
►—
OC 0 r. wi Or
c
©*-X>f-|f-©.©-J
© Ot If- CO © © © I-1 0; OC M OT) © 01 c r- ©
©
JO
CO
c
01
to
t^co-l
to—OD
S ii- C S’ 0
<1 (tk CO CO C5 X CO
CC H* M
to
CO M © CO O' cc © to
CO
00 |F» C5 O CC CC
if ir
01
M
CO CO
CO
0
CO
© MX © 1C -4 tc a» te-OC © rC
I-1 ot
to
t-*
«-<
©©©©•-CC©^*-1©
w
to
br
CO
CO
ZJl
»e-
to 10
;
O'
1— 09
0. •
re
0
COHXO-i;
C9 ot 0" to CO to
(JO
•
.
C5
co©
0 w' cc
w
cc oc 0
1—
<x> ©
to to
f-
L* to
:
© CC © X
© © C f- © c 0: © Suo
CC !t*©if-OXiLr-C»>
;
,
•
M
rc M CO I—* to IfCCR-»Xf-©©~i'vJ
© O' tf* -•!©© I-* CO
XiO©©©~^CC©
f- to
C M
©
to
cc
tc *—*
t-***
NlCCy'Oif'#*
cc©>-
©
bt i-1
CC -4 to
:
to
*
tc
,
•
to
f-
m
CC CO -J C.C 10
1
-J CO©
!
a © cc If- ©
i
lf^
©cc
-3
O'L
Or
to ©
►—
O'
X ©
-4 CO
x
to ©
CC1 s-1 ©
CD
X
© 10 to
© -* © IP ct» rc «-i x 0;
If©
tc
C. if-
0^
cc
A
cc
sf-X © Cv K5 iO to cn -J © C’
10 -4 © © © C n- r- CO 10 X CC
cc -J -© © ©
A
© © cc ©
©*4^ffv©“
l
tO
to
cw
'-1
-1
—
s-ivl
cs © 12 CP — to tU
CCH tO © © if-
to
M
HHX I T 10 .f.
© CD M M © © ,u. to 1-* X CO ©
h CO f to-Ur;
|U
© -! i to © © to C If- © X © to *- J CC CO CO
i~ © to O’ X to © 05 S'- © tv © 0 +* r.<*“ ,•* jlw
h
65
If-
i
1
S' f
7--.I
t-1
C. C © *: NT. U
|
tC 0C tC **
•
i~
**
<W;
Cjuo
<i tc, ty..
I
00
-
0s,
-
.
'w
■>•*»
K
w
O
CO O O L C U O iC Oi
© cc
re
??■
64"
l
98 and the lowest 70.
So
JJrenhat/i, Itxas.—Picking is actively going on.
Run has
fallen on one day of the w* ek to the extent of eighty-seven
i iiijcredtl's of an inch.
Ilie thermometer ha3 averaged 81,
j
!
%
3 K, ~ 1
Cv
1
<
N
;
ac
t
fO
if-
' m vt.
Z i OC A If
f
In.’
•
C7 Ci “■•I 07
tv
«*’’
The ther¬
week end it. is still raining. Picking has been interfered with.
ranging fi oin 70 to 93.
Del tort., Texas.—We have had rain
v
eek, the raird'all
three days of the
1 • eleven hundredths.
ranged from 69 to 91, averaging 77.
reaching one inch
The thermometer has
Weatherford, Texas.—It has
©
hundredths.
one inch and seven tv-six hundredths.
Average thermometer 78, highest 88, lowest 09.
(JuerOf Texas.—There Las bven rain on four days of the'
week, the rainfall reaching cue inch and forty-one hun¬
dredths.
Tne thermometer has average-.! 83, the highest being
CcCC©l—r--vJt0if-lf*wC-4C)'/?-tvt0|
©
X
^
O' ©
uo ©
M © iu <1 © ©
live
| The rainfall reacted
to f-» if- to CO cc
CC
7r h
ft'SoU?
0 I'Z
and
four days of the week,
on
ranging from 70 to 91.
Luiiug, 'Texas.—It has rained hard cm four days of the
week and picking has been interrupted.
The rainfall reached
three inches and thirty-five huudreit-hs.
The thermome¬
ter has ranged from 72 to 92, averaging 81.
Columbia, Texans,—We have had rai l on three days of the
to
‘-‘CO
00
©
*
'
to the extent of one inch
mometer has averaged 83,
©Silc
-
■
Austin, Texas.—Rain lias fallen
© if. 05- 10 H-* <J
©/rfk
© Ot © © to © © © © to wC O vj* l CO Ci- 4
a
•00
lowest 64.
—
s-
on one
the rainfall reaching ten hundredths of an inch.
O
tO tv 00
on
an
ra.in.il
on
one
day of the
wiek. Average thermometer 75, highest 87 and lo.vest CO.
.Nezr Orleans, L a(i*iana,— We have had rain on six days
of
r
lie week, the rainfall reaching three inches and
The thermometer has averaged 79,
forty-seven
hundredths.
*
TIio figures for Louisville in both years are •• not.”
The above totals show that the old interior stocks have
increased during the week 24 CSS bales and
are
to-night 21,600
Shreveport. Lou is/ana.—Rainfall for the week eighty-six
im inch.
The thermometer has averaged 80*
ranging from 63 to 91, *
hundredths of
CHRONICLE
THE
1887. J
Leland, Mississippi-—Telegram not received.
Greenville, Mississippi.—Telegram not received.
has been
rears,
Columbus, Mississippi.—The weather has been dry all the
About half of the crop has been picked.
The ther¬
mometer has ranged from 60 to 89, averaging 73.
Clarksdale, Mississippi.—Rainfall for the week one inch
and, ten hundredth^.
The thermometer has ranged from 62
to 89, averaging 75.
Vicksburg, Mississippi.—Telegram not received.
Gins ter, Mississippi. —Telegram not received.
Helena, Arkansas.—It has been showery on two days of
the week, the rainfall reaching eighty-six hundredths of an
inch. There was a heavy fall of rain last night, but too late
to help crops. Cotton is reported about all open m the uplands.
Picking is progressing finely and the staple is coming in
rapidly. The thermometer has ranged from 64 to 90, averag¬
ing 77.
Memphis, Tennessee.—Rain fell on Siturday and Thursday
to the extent of one inch ana twenty-five hundredths. Cotton
is about all open, and picking and marketing mike good pro¬
gress. The receipts to date exceed those of any year on record.
Average thermometer 74, highest 91, lowest 60.
Nashville, Tennessee.—We have had rain on four days of
the week, the rainfall reaching four inches and seventy-three
hundredths. The thermometer has averaged 72, the highest
being 88 and the lowest 63.
Mobile, Alabama,—It has rained constantly on one day of
the week, the rainfall reaching one inch and twelve hun¬
dredths. Crop accounts unchanged. The thermometer has
averaged 78, ranging from 08 to 92.
Montgomery, Alabama.—We have had rain on one day of
the week, the rainfall reaching ninety-nine hundredths of an
inch.
The crop is being marketed freely, owing to the good
weather, and it is estimated that by the end of October nearly
half of the cotton expected here will have been marketed.
The thermometer lias ranged from 68 to 97, averaging 76*4.
Last week the weather was warm and dry, atnl picking made
good progress. The thermometer averaged 84.
Selma, Alabama.—There has been no rain all the week.
Avenge thermometer 78, highest 94, lowest 71. )
Auburn, Alabama.—Telegram not received./
Madison, Florida.—It has rained cn three days of the
week, the rainfall'reaching two inches anw twenty hun¬
dredths. The tlu rmometer lias averaged 7Gf ranging from 68
Conti¬
nent.
Calcutta—
1887
1886
Madras —
1887
1886
All others —
1887
1886
lowest 66.
Augusta, Georgia.— There has been no rain all the week.
The crop is developing well and picking is progressing
finely.
The thermometer lias averaged 74, the highest being 89 and
the lowest 63,
Atlanta, Georgia,—Telegram not received,
Albany, Georgia.—"So rain all the week. The crop is turn¬
ing out betier man expected. The thermometer lias ranged
from OS to 95, averaging 80.
Sept. 22, *87. Sept. 23,’80.
Memphis
Nashville
.
*
V
*
„
v
.
„
„„
Shreveport.
* !*w low-water mark.
-water mark.
\*
*\
•
*
'\ 1
.-; a
-v;
•m i;
....
Vick:-burs.........
*
Below
zero
J
;v<
'
-
Feet.
3
5
uiark.
O
law-water mark.
tea-waier mark.
0
0
nr-.'-wut<-xr
Inch.
1
Feet.
3
Inch.
4
ft
0
6
9
5
4
8
6
O
4
3
5
of g i-. g-.-,
iMma. Ooi rm*
and ehipicu ig •-< -.
the week a;:-d v
.
,-t
«.<»: mn at
•
BOM
,
i'
mmgiog
1 rs
from ALL
1,000
2,2 00
Tear
Great ■
Bril'nr
1887
1880
1835
1884
i
Piis ieei.il.
Co n t ivt n
h
2.0
2,00.
1,0 o
O
i.im.ii
l.OOOj 2,0 O
According
Jo! ft’.
2.00
shipments Since Jam l.
Great. •
Britain
>
3d'»
Contineat.
<n»o!t>6
l.UlK
3,ut < i 3 l 7.UOUP *>2,000
i ,(hh)
463,00(i
'<■,‘'1(0 ;9 i.eoojoia.ooti
Total.
I,o27,00o
97 4,00i»
682,0*0
1.107,OoO
j
^
j rear.
4.UUUI 1.450, •>•>(>
ft.OOrt, 1,337,000
4.0001
002,teo
0
3,e0ojl,548,O»
tfev going, Bombay appears to c=how a
deerfdie <Qmpa-Ond v- u!< last year in the week’s receipt
of 1,000 bales H,ro• a (C :reuse in shipments of 4,n00 bales, and
the shipments smcA uaa. 1 show an increase of 43.0u0 bales.
The
n>
Calcutta, Madras and other India pores foi
the last reported week and since the 1st of January, for two
96,050
1,000
2,000
40,000
4,000
3,c0v)
44,000
21,000
98,000
10,020
18,000
68,000
30,050
55,000
39.000
91,000
9.010
3,000
6,000
12,000
20,000
207.000
138,000
160,000
367,000
2 17,000
79,000
years, are as
follows:
EXPORTS TO EUROPE FROM ALL INDIA.
1887.
to
all Europe
Th is
week.
from—
Bombay
All other
ports.
Total
1886.
Since
Jan. 1.
This
week.
1885
Since
Jan. 1.
This
week,
J
j
Since
Jan. 1.
2.000
1,027,000
3,(i00
979,000
1,000,
12,000
682,000
367,<JO'»
2* >,000
217,000
7,000;
172 OOO
23,0 .'0 1.196,000
8,0 jo;
854,000
14,00c 1,394,000
Alexandria Receipts and
Shipments,—Through arrange¬
have made with Messrs. Davies, Benue hi & Co,, of
ments we
Liverpool and Alexandria,
receive a weekly cable of
Alexandria, Egypt. The fallowing
are the receipts and shipments for the past week an i for 'he
corresponding week of the previous two years.
we now
the movements of cotton at
Alexandria, hicjypt,
1
I
26,000
This
■week.
|
Exports (bales)—
2,000
To Liverpool
To Continent
!
Europe
9,COO
12,000
i
11,090
l!
20,000
Since jj This j Since .i This j Sine*
Sept. Ik; week, j Sept. 1. : week. • Sept. 1„
I
j
4,'>00
j l.Ooo
j
jj
[
:
1,000!
c,000^ 1,0
l,0oo| I.OOOj'
0
1,000
—
—
"
-
-
——————
2,000
j 1,000
7,000j!
3,000
—1
18s 5.
<
,!
'
l^.eoo
This week
Since Sept. 1
*
li
1886.
i
Receipts (cantars*)—
Total
i
1887.
Sept. 21.
1.000:
—^
■
—
—
3,OOo
—
-
■
mm
A cantar is 98 lbs.
Thin statement shows that the receipts for the week ending
Sept. 21 were 12,000 cantars, and the shipments to all Europe
3,000 bales.
Manchester Market.—Our report received by cable1 to-night
from Manchester states that the market is firm for yarns aod
steady for shirtings. We give the prices for to-day below, and
leave those for previous weeks of this and lajt year for com¬
parison :
1887.
32.s- Cop.
Twist.
84 lbs.
A’g. 19 'H @7i5i0
2C 714 r,\ , <5;c
Sept. 2 7^1 ft> 7 15-,
“
**
h
»4
3 6 7q
2 3 74
:
“
“
d.
@715»*.
@7i5io
5
5
•>
5
f>
5
Cotton Crop
Up Us
d.
h
no 10
7 81 @ 6 9
7'-2>»6 9
7 ig : 6 9
5 H) <5 6 9
7 f> r 6 9
h.
of
32s Cop.
Twist.
Mid.
Shirtings.
d.
d.
1886.
Colt'n
d.
8.
d.
d.
SOq
7
5 ‘a
a*l
583
615ue*r2’7'Jio
18:6-37
it 7
5
ft
5
5
6
6
7 8)
5
*;
r'8
5
7
Lj
ft>7hi
;
u
7*8
A
d.
s.
6
ft 6
8.
7
7
:
Coli' r*
11 id
84 tbs.
Sh ir lings.
5‘u;
Arp ORTTONED
(»
6
n6
ud
-a 6
Up Id a
d
*i.
6
6
6
53ic
■Gq
(■
5;hn
o
7
54
5%
States —llF
to
.
se\•oral
request 3, we pillilish to-day our usua
response to
cotton
thesl
table
produi •tiori of e: 1C h State f< r the
lowing
We repeat what w 0 have offer said
crop year just closed.
before tliat tliis division a uiong the State 3 is not aeci irate,.
but is believed to be approximate] y correct. -For comparison
.
ad d
our
estii nates for pro vious years.
PRO DUCTION OF EACH STATE FOR
0
*
Cur
Georgia
co
6
10
w.
01
•C
1H
t
CO
...
d
i
CO
f
CO
CO
«J
Jj
rH
t-H
j
1
»'
42o|
i
CO
"O
1
c
C3
|
rH
JJ
<r>
-i
(t
\
C
0
•h
<r>
1
0
CO
C.
I -
co
Tj
CO
r-*
>
'O
J
r-(
^
1
i
I
!
1
-
-
»H
Of:
f-
er
-
IX)
*
4e0'
4.0
441
155
435
400
390
310
370
4* ft
505
43 1
44:6
598
•109
575.
52.
470
390
j
890
9-0
80;,
7(.8!
940
7tH
937:
8M
750;
6St>
6o|
65
55
57
13
6()!
55
60
6 Oi
665
59-
73: i
5s 1
73-0'
TOO
595
600
Florida
Alabama
<
CO
(903s omitti d).
VI A RS NAMED
!
No. Car
So.
;r>
..
60
57o!
5 O’
Mississippi
9 *(>
9,5
8: <
81 31 ,098
895
1/>15'
950
805
775
Louisiana
59
4 >5
4(>:
495
485
5z9'
507
400
■120
1,355
»■"
1
1,173;
801
784
610
525
079’
007
59 0
590
300
380;
5.
j
331
29'
200
.
Texas
1
>43'
510
l,l()ol ,467
ij
Arkansas..
7.-i
650
55'-
r»75'
09
Tennessee
37o
360
37.5
All others.
li 1 t
335
45
5l
4<
50
a ~' *
0 r»M
5,66*
56;
movement, at
27,000
2,000
6,000
periods of the two previous
Slates.
Receipts.
Th is
Week,
225,000
37,000
shipments since January 1, 1887, and for the corresponding
■
Ship me ahs
126.000
8.000
12,000
14,000
Bombay have been as foiiows for
the figures down to Sept. 23.
YEARS.
99,000
59,000
1,000
The above totals for the week show that the movement from
the ports other than Bombay is 8,000 bales less than the same
week last year.
For the whole of India, therefore, the total
Ports.—The receipts
AOO SHIPMENTS FOR FOUR
To'al.
‘
1887
1886
we
'
OmtitinnU.
Total all-
Charleston. South Carolina.—It has rained on three days
of the week, the rainfall reaching twenty-seven hundredths of
an inch.
Average '-thermometer 74, highest 83 and lowest 65,
Sia'.eb'irg, South Carol ini.—We had a good rain on Thurs¬
day night, the rainfall reaching fifty-seven hundredths of an
inch.
Picking is .actively progressing. The thermometer has
averaged 710, 1 heTdglmst oeiug 93 and the lowest 60.
Wilson, North Carolina,—Telegram not received.
The foliowmg statenenc we have also received bv
telegraph,
showing the heigh* *>f me rivers at the points named at 3 o’clock
Sent. 22, 1887, am* Sep:;. C3, 1886.
Great
Britain.
......
Macon,
' u?:e has been one light shower during
Picking has made good pi agrees.
Columbus, Georgia.—lx, has rapped on two days of the
week, the rainfall reaching twoprfches and fifty hundredths.
The thermometer has rangedjtfom 70 to 82, averaging 76.
Savannah. Georgia.—have had rain on three days of
the week, light on two, the rainfall reaching eighty-four hun¬
dredths of au inch. Average thermometer 73, highest 84 and
Shipments &ince January 1.
Total.
1,000
......
the week.
»
“Other porta” cover Ceylon*
Shipments for the week.
Great
Britain.
/
New Orleans
follows.
as
Tuticorin. Kurrachee and Coconada.
week.
to 91.
407
1
September 24,
Total
1
>,'• J -i
jO
8.1
•
:u
392 5 ,436 ‘l r
>
sM:5
70
^57
U)
60
5,074 1 811
CHRONICLE
THE
408
August.—Below we give the rainfall
and thermometer record for the month of August and previous
months of this year and the two preceding years.
The
figures are from the records of the Signal Service Bureau,
except at points where they have no station, and at those
points they are from records kept by our own agents.
1
May.
Rainfall.
|
Days rain..
3-48'
5*31
17
2-72
11
8
12
!;
14
Davs rain..
Weldon.—
8-07 j
7
Rainfall,in
Days rain
-Charlotte—
Rainfall,in
Days rain..
.
2-n
9
1
077 21-12
19
17
8-21
8-81
10
041
13
8
(V75
12
3*25
7
(V27 10-40
12
10
380
4*4» 11-04
lb
lo
3-48
8*05
6-30
11
14
10
0-87
277
8-53
5m'6
14
12
1
1 10
t
2*70
0
6*47
9
14
1-45
4
4-23
13
4-03
5
TVS 8
18
b
10
(V10
5-09
5*87
j 15
5-02
1*32
9
12
0-34
4-01
10
15
9
13-lb
13
0-17
3-21
5
It
8"25 11-02
0-70
0-00
7*94
11
12
9
11
14
5-90
12
7-74
4-40
7-49
12
14
13
5*97
1*22
13
7*50
15
2-18
5
925
11
4-25 14-00
10
7
2-82
4-2H
15
1*00
0
2-2"
4".11 10-78
9
19
13
10
1*44 13-28: (VI 4
iu
12
10
4-51
920
3-44;
(V77
0
17
18
15
5-85
3-08
8
3-13
4-34
15
2-10
7
12
Rainfall,in
Days rain..
Columbia.—
Rainfall,in
Days rain..
8-S4
5 53 i 8-03
10 !
10
3-99
9*21
7
13
553
3*97
9
9
10
4-90 !• 4-70
9
15 1
322
10
i
1
>
9
|
s-oi
1
y
211
3-05
1-04
11
11
10
8-00
15
T5S
2 !
5-20
4-10
3*90 i 1-20
3-48
11
10
3-32
It
2-54
4-84
003
2
7
4-7b j
7 1
6
9
14
16
0
Davs rain..
Palestine—
Rain fall, in
•
Days rain..
Port Elliot—
Rain fall,in
Days rain..
5
6"7(<
0 00 0
11
2
7-01
11
0-2-1
3
0-41 1 8* 2b
10
1
8
(VOS
11
5-30
Rainfall,in
Days rain..
11
Austin—
Rainfall,In
f *a» s rain..’
0-12.
6-19
14
7-23 1 2-39
10
r
8
0-97
5
30:;
14
2-51
11
2*33
4 73
4-50!
10
10
8
1-85
5
1-02
10
1-20
7
220
j
*
:902;
13
!
O
217
13
10
! TOO
8-4'
12
0-00
0*07
5
1*50
83'
3-17
T3s
11
9
0
1-74
7
11
vr.>
1 52
1 "32
3
1-87
0
8
3*0/
7
4"57
5
4-94
10
10-30
2*09
15
10
0-51
0
....
•
•
.
/.3
!
0 03
0-92
11
12
(5
.
11
1
4
0-43 T2-40
9
3*31 40-39
3
12
2-97
092
7
13
.
■
;
9-82
4
i
4
9
0-97
5
3-31
1
3’45
0-08
13
2-07;
10
3*60
4-8T
7
6
9
8
2*99
8
5-52
14
3-28.
2-37
1-70
4
3-30
!
! 2*57
6-49
12
i
1
.
Rainfall,in
102
8
5-26’
12 ;
1
TEXAS.
Galveston.—
5*50
19
1*90
7
j
»
2-89
7
16
3-77
2*931
7*37
1-29
1885-
!
1
2-00
10
Austin—
Rainfall.in
3*24
5
1 "Ob1
10
July.
1
1-66
5
0 01
(5
TOT
0
0
3
1 0
Inappreciable.
1 observations taken on eleven d <ys miy.
I Ram gauge upset during ilio storm and about an inch lo>t.
3 20
5
3-28 19-18
13
18
Thermometer
7-01
2-09
19
12
VIRGINIA. !
N irf oik.—
8
•
.
.
575
•GEORGIA.
;
11
11
(V81
T7(>
.
b
June.
'
1887. 1SS0. 1885.
1887. IlfcSSH. lbbo.
Unjust.
18b7. 188(5. 1885.
-
;
1887. 18S0. 1885.
!
8
1"37
2’78
11
17
11
2*82
8"08
21
4*83
1
4-20
5
Rainfall.in
8-17
Days rain-..
f vSome.—
2-47
5
1
j
0
5 21
12
0
1-87
7
4-02
18
3-38
lo
2-30
(V91
11
5 "09
5
0-49 10-42
(V80
1
8
9
j
j
7-02
4 72
11
811
11
*
7*88 i
13 j
22
15*01
7-89
4-35
10
10
4
lo
0-73
3-43
0-89
0-09
1U
2-59
5
10-97
4"(iO
12
b
301
7
,V54
5
9
Rainlali.n
3 05
2'1)5
Days rain
0
b
1
fjorsyth.—
Rainfall.ii
11-05
3-85
2>5
10
10
9
j
r
10
J
i
,
300 11-18
0-47
17
13
:
o
4 05
8
3-18
10
Days rain.
5-90
11
2 05
1*17
12-70
10
4-01
9
4-20.
401
9
11
4
5-42
3-49
5‘38
12
14
10
Lowest
Average...
Morgan tun —
Highest
715
Rainfall.ii
Days rain..
Cedar Keys.—
Rainfall, in
Days rain.
Archer—
Rainfall.ii
Days rain..
.Sanford—
Rainfall.ii
14
4 78
10
15
14
17 97
7-10
9-40 11-72
9-17
b-90 ,
8-98
!
17
17
20
34b
10
0-71
4
3*20
8 !
1-83
Davs rain.
322 !
18
3.aU(ihussee-
I
Days rain..
-ALABAMA.
6-3J
!
11
0-89
10
!
21
12
14
9*72 14-49
13
20
5-91
15
7-08 10-09
12
18
Lowest
Average...
A then—
Highest....
Lowest....
5-89
17
7*82 IU’21
14
20
5-7.2
0
13
1-27!
5
!
4-70
8
!
1
;
9-90
8
10
0-55
12*45 14-30
11 ; 22
92-0
430
07 "0
80-0
52-0
709
8-01
4*32
8
20
10
3-27
11
8 91
12
5 5)4
20
4-18
Average
9-87
13
10
3-69!
7
9
14
8-50
15
7-54
10
22
4-31
10
0-59
Id
3-81
15
9-71
1-39
4-85
8
14
10
19
.*
•
4*05
5-60
9
9
8-15
14
K
b
ji
3-30
21-09
11
2U
0-90
15
4-40
14
j
3-07! 5-77
0
9
j
:
9-30
20
11-38
11
i
0-08
2
3-oo: ! 4 00
8
(VGO
l*5o
(VI2
7
5-15
9
330
7*85
435
12
20
17
5-7T:
4-10
15
11
!
L'oteuli-
Days rain..
liberty Hill—
,
S
2
0-73 11*81
1
2-90
3
i
♦
Rainfall, in! 5"4l'
Days rain.
’ZUrookhuvi n — |
Rainfall,ii 1
j
11
ts-Mij
rain..i
2*50
10
8
1*15'
3
3-10
0
ram..
i
rain..!
8-07
O
2 5b
11
4"b9
i2
5*5 i
(V(>8
13
S-07
13
5-21
8
11-15
4 02
v
4*51
14
9
4 30
1U
0-20
12
5*84
8
14
Days rain..'
b
3*00
5
0*92
5
1-87
0
1-02
7-57
10
3 27
0
431
2 79
4
o*.jo
1 04
9
b
3-80
7-30
3-10
2’50
5-50
lo
0
8->(.
18
3*70
8
9"2u
17
4-22
2-79
3-35
b
9
2-30 i
4 "4b 10-00!
15
10
3-20
O
9
1 -DO
12
11
2-89
7
1*31'
5
2‘2(i
2-91
4 99
4
3‘71
T9-,
4
9
1-03
7
•Selena—
2-99
i
55-0
40 0
49-0
74-4
73"9i
73 9
9T0
530
88-0
52-0
72-0
70-0
2*20
14
M
1
!
737
Average...
Col a mbits.—
I Ugliest...
Lowest....
Mirgeville.—
Highest...
940
Lowest....
Average...
5)5-0
74-3
R
!
95-0
08-0
58-0
775
-
-
50O: 03*0
75'3 70*7
80-5
-
93-7
590
76-3
50-1
78-2
92 0
S40O
!
950
08-0
Ob".
5SO
7b"8!
8P 2
80-5
83" a
1
94 0'
oi l !
920
92-0
09 0
(5 30
76"5:
79'9
b'»"8
4)3 O'
(52"ii
85*1
92 1
94 5
93-5
915)
5(V4
75*1
72-0
76-9
9b-0
<53-(p 55*0
5*2-0
5b 11
Tb vi
4)20
5*»)
920
4b .1
•-3-0
95" 0
58-0
ob-o
7b'8.
77*8
S»2-0
93 2
)57"<)
s
l
107-0
(5 4-9
(iO'll
750
791
900
020
75-0
93-0
5)50
70-4
i 103*0
52 0
70-2
97-9
t
....
ti
9-b
90 0
67*0
J 79-5
79-0
101 5
540
7b "0
890
800
020
(520
74 0
.
.
.
.
j
.
.
.
.
•
77*5
79-3
...
Ob'2
92-0
(»**rr
,
101 0
520
4" 1
790
....
750
7b-2, 80*0
H*:i
b.j-oj
84*9
)4T-o
6T-1
7b'8
i)5-3
5)2*0
59-o
78*3
4)20
5 TO
750
94-4
(>2"5
75-5
01-b
89-7
oo-o
72"3
90-2
5'5"*5;
7(V4i
93*2
0(5-5
7»"8
95*0;
50-))!
70-0,
54-0
73-0
95-0
43-0
71*4
yo-oj
5)in>
1)5-0
09-U
57-1
750
1
7T0
81-0
990
77'8
t)4-0;
79'i!
07-2
04 <
95-8
5)VO
807
8o-).;
70-0
(590
79" 0
01*
77-9
80*7
93-0
(50-0
773
91*2
5)-o
78-2
94-0
(54-0
09-9
779
85 in
400 j
(50 )'
500
01O
750
»
.
-
I
....
i
9 4)
7b'8
!
■
•
90*1
(50*7! (53-7
770 79*2
.
.
....
.
94-0! 91-0
02-0
70 0
00-0
70-7
975
93*21
o.vo
(55-8! 09-0
79-9
79 9!
5)5 )l
OT'O
bUu
05Oj 4)0-0
94-0
81*1
!
9V0
5)4-0
70-h
OHO
bt)-0,
SUM)
i
4)0mi
1
44-n:
...
95) 2 100 )5'
<
92-0! 95-2
(590 05*4
80'5 8.*5
b0"4
!
9001 102-0
070! 72 O
80-(
820
92-0
02-b
...
....
....
I
i
;
97*0 101-4;
101-0
09-0
93-0
04-0
78*2
•
9)50
103 8
08-8
81-8
9T9 103-2
47<i
59-1
70-0:
78*9
T0"5
5)6*0
(40 0
77"2
5*4 0
63-0
79 8
«...
103-5
970
470
72-2
75-2'
1.
92 b)
050
79 5
020
819
94-(
0(‘-t'
79 2
4)5*0
93-n
oo-o
5)5-(r
15 TO
7Tit
77*0
Of));
80-0;
8 > 0
65 0
78'0
OVui
5)4-0
090
02-hi (53-0
030
boo
bO’OJ 74'-8
one.—
5)P0
5 PO
11 igtiest...
Lowest....
...
4
Average...
7,V0
F irsyth.—
Highest..
Lowest
Average...
92-0
02-0
90-0
^■(1 ti
10T0
Di'ii
)5'*-h
74-9
72 6
52 i)
7"f
7.r7
;)>•() 92 0
0 5-0 0 40
70-4 .78-0
9T3
55-3
73‘f^
9 Tb
55-9
75 b
89-4
9T1
01 l
7 i 9
94-3
0(50
bo 7
95-b
07-b
bO 1
S(V7
57 0
74 9
S)VS
5 '"-l
74‘U
8b-b
03-5
7b" 7
!M-L
0)5-4
80'4
91-8!
92' 1
59
09-b!
bl'l
08*9
8 4*0
90-1
5)10
i
f 2-o
ou-lL_5U-()
920
62 0
71'3
4)2-0
70'b
S)SO
(50*11
96-()i
4)5-0
5b-()
780
05-(>!
10*>*0
73 i)
81 b
5»TO
05 0
79-0
95-0
63*0
7b-0! 80*0
i
FLORIDA.
Jacksnnvilh.
1 Ugliest
94)
078 J’b
'
U VI
5)SO; 4)5 0
til-e
b< ) 3
08-0:
64 0
79 7.
7b-2
07 1
07 7
9
8) b
•SO- i;
1-21
5
3"30
Highest.
.1
1
J lighest....
Lowest
1
Average...!
Sanford
3-81
0-311
10
2" 71
11
10
ij!
1:71
7
2-3
5-43
-3-20
3-78
b
1 1
io
18
2-80
7
destroyed by lire.
0 09
13
in
4;S*>
220
15
11
1
j
:
2
i
j
Os'
W
i
i
t
08-2
b
I
72'li
74-2
4»3 1
4)301-2
20
0n-()
79 b
>4) 3
81'8
82-)5
82"7
75*4
{)6"5
5*8-8
67 9
70-2
bO-9
9 4-s
70O
82 4
870
080
bO‘3
91 "8
710
82'1
4)6-0
74*0
b3 0
9Tii
5)3-3
OH'S
7b-1
94-7
700
TU'5
85)0
72-0
780
91 ‘5
i
VS: 9 41
Ol*.
7(V2
80-7
'•2"7‘ 9T0
70-2
7r». biVb
bJ’O
9TT
■
7 T)>
75*3
TO))
68 7i
5)5 "
• i.Vl *
75)"b
5)70
05) 0
81-5)
i'4-0
70-0
79-1
5*4-4
5) i
5)4-4
07 9
79 0
5)4-9
70 0
9 40
1
1
—
5)0-7
Highest...
f>4 *.'•>.
Lowest
A verage. .3 73 5>
LAB
.")?*()
744
94 b
73"9
04 4
770
SSMI
92-0
5)4-7
eo'O
793
ObO
7b'4
bu-5
)
bU’b
70:7
!
03-0
7i)"0
755
bu*2
Sb'b
1
1"2"0
AMA;
Montgom'u.—1
8-92
10
«)'
.100-3- 5)3-7
5)25
72 i)
82-0
....
.
-
-
0
»
.
-
I
5)3-0
75-0
79-91
7P5
83-I)
4)1*5
7>-i)
82*7
79-0
82-0
92-0
73m)
81 "0
1*0-5
59-1
7W
97-b
95*4
0-4-4
800
04 9
.930
97 0
0.3-2
79 9
67*4
.79-9
5)4-2
»55)-0
790
4)10
(5 V(J
7 b-4
93*0
750
83-0
....
0Os
5-28
(5
8
l
1-29
Average...
rc.her—
.
5
...
..
Lowest
1
Jalbihassee -!
Sb-0 90-0
Highest
| (50-0
(iUO
Lowest
.J
Average...! 76-1 73 0
73(i
9
1
Cedar l\e\js.~
—
'
,
,
.
...
1 .owes!....
A verage...
A
8
1-48!
I
90 0
93-9
lowest
3-70
j
3-99
Rainfall, ir, j 2 "98 2-03
5 ! 10
9
Days rain..
i
_.::Y>r/ Suit h—
1
Rainfall,in 6-51 0-88 2"59
14
11
Days rain
94*0
.
Highest..
j
.
7"5
1
1
i
.
93-0
4.. 9
•
08)7
1 1
1
15
89 0
Lowest....
Average..
Atlanta.—
3
9
1
0-20
l{ock.-\
Days rain..
1
ovoi
241
10
0-45
1
j
480
49-0
7T5; 65"9
800
1-58 •0-01
ii
10
7
.Little
Rain fall,in' 60*
5 4-0
85*9
4-11
17
y
>:lRK’NSA8.i
1
07-5
88-0
O'i-O
770
2-90
lo
5*08
....
53-1 *t
....
ou-o
77-1
9-03
21
5
.
t
75*1
....
99-7
18
5)20; 101-0
r.0-7
773
733
4-25
79-7
1000!
(52-hi
(50-0
(50*2
OO'hr
83-5)
8s-()! ! 99*0
(2
54-51
13
....
89-0
03-7
73-4
1020
5i)')i
72*8
5 fO
4 )"9
72 8
9o-o;
2*40
750;i
81* 7
83-5
93-0
53-8
75'0
3*45
a
77-0
♦
j
9)5-1
on)
7 9-5
99-15
57-4
77 5
94-0
89-0
50-U
72-5
2-99
10
2-1"
.
i
3 25
i-39
3
15
•
49-0
1-77
5
4-0.
10
0-98
4
5 TO71 (5
Average...
4'30
9
4-81
2-75
500
73-7
Savannah.—
10
750 |
*>90
80-8
M)-2
53-2
9 TO
570
74)5
20
'doster.—
Rainfall,Inj
870
12
(VI2
IS
o
,
89-0!
970
12
374
j
94-0
83*o
400
0(5-1
521
80-7
.
325
5
3
520 ,58-0
81-0 7 7*3
7U-J
91-0
44-0
09-2
20
1U
3-85
1 20
2
'Clarksdale— !
Rainlail.in 4T0
10
Days rain.
4<5 0
57-1
720
tAland—
Rainfall,in
940
88-7
Greenville—
Rain tail.in
99-0
Lowest....
(VI5 1
S
io
i 5*20
,,,
92-0
49-0
72-3
88-0
Highest...
.
9
89-7
560
72-1
0-07
’
032
10T9
52-b
75 2
3-55
*
Rainlail.in 5"52 0-25
i
1
Days rain..'
\
JI88I>M’l.
f. lol-umbus.—
i
! Rainfall,in
2-89! 3-L1
10
8
.Days rain..
V /i,j!<slairg.— \
45-2
Oi'l
4-31
8
10
(52-2
78-0
1
Augusta.—
Highest...
1
Rair fall,m
..
A verage...
15
S7-0
3-93
10
!
3*99
92-0
43"ii
08-3
n
4-82
:
♦50-0
103-0
GEORGIA.
2 07
lo
1
95*
1
5*37
9
74-5
! 4)2-8 93-5
35-0
04-1 •
'
2*04
7
l
7-441
14
New Orleans-
Rainfall.in
Days rain..
Shreveport .—
Rainfall,in
Days rain..
.
Lowest
19
7"75
3*7 j
8
10
3-37
4-11
!
11
0o"b
94-5
93-0
!
Highest....
6-75
1
1
i
3 73
4-19
12
2-47
11
Lb
.
!
13
4-15
48-0
63-9
Columbia—
7*75
5*00
io
95-0
02-0
750
5V1
72-7
Average...
10
J
1
9
14
10
,
8-92 ! 3-31
2-84, 2-95
2-20
5*50 1023
8*37
94-0
01O
732
'
!.
3-00
11
9
1
1
Jioutgom 'y.Rairifall.in
Days rain..
&ol>ile.Rainfall.in
Days rain..
Selma—
Rainfall,In
Days rain..
Auburn—
Rain fall,in
Days rain..
JLOUIS’A N A
5-451
10
12*55 11-45
j
20
612 11-08
21
18 i
4-99
i
13
4
2-801 2-15:
D
5
Rainlall.ii
1
0-03
4
1
8*05' 7"81 10-98
12
15
11
(5P4
'
t
—
|
4-4'7 !
97-0
54-0
74-2
88-8
.
Staieburg.—
Highest....
; 75-1
04-3
00-2
77-9
92-8
59-5
1
.
7*56
18
(V25
15
5’70
10
8(V0
48-0
O.J‘5
S.CA ROL’A
('harleston.—
Highest..
Lowest....
Average...
Pacalet—
Lowest
2-81
!
5
B.b-0
8 TO
54-0
...
Highest.
i 9Tb
•
A verage..
1 9-08
TV
5(5-3
75-3
ino-o
03-5
58-2
70-4 ! bu-9
9'5-C
4S"0
7ib
Highest....
I
FLORIDA
Jacksonvilb
92-2
i
Lowest
Average...
1
97 9
530
75-0
5(V4
70-0
—
4-08
8
87-9
5T3
70-1
90-9
•
•
Lowest
Average...
Wilson—
-
b
7(V1
Charlotte—
9
b
93 8
47-0 •472
71*11 70-2
9T0
52-0
70-0
Average...
7-32 14 38
10
i5
1-89
f
b
71"3
040
i-
Lowest....
12 1
2-29
9
50*5
S)S-s
59-4
bU-5
92-2
•
87"5
lliKhest...
0-83
JO'b
05-1
9(5-9 11025
55*8 i (55-3
71*3 j 80-7
5)3-2
95-5
5(5 5
73-1
1
Lowest....
Average...
Web Ion.—
|
3-09
7
84-4
87-0
44-7
05-0
.
UilmingtonlliKbest.
1
8-83 ; 7-5i
12
15
.
49-5
07-9
1
N. CAR’LA.
i
i
1
90*0
..
..
...
ifolurnbus.—
Rainfall,in
Days rain..
'JdiVgeville.—
H
4*83
9
724
17
10-70
12
3-98
13
0
9-05
5-00
j
2-80
4-79
10
j
8-40
Lowest...
Average...
2-70
12
8
!
1
li^best...
Highest.
I
6-12
15
i
i
i
5-80
1*61, 6*20
10 i
10
6-04
19
!
o
2-12
4-9b
12
11
'
4-53,
9
5-67
'
1
•
Avtusta.—
Rainfall,in
Days rain..
Atlanta.—
Rainfall,in
Days rain..
Savannah.—
Rainfall,in
Days rain..
$ 1-G cords
2-83
14
Rain fall.in
Days rain..
1
Rainfall,in
Days rain..
Aiken.—
Rainfall,in
Davs rain..
Ashwnod—
[ 1886.
'
i
i
dStateburg—
Davs
13
May.
Davs rain..
Days
20
1887.
*
Rainfall,in
Days rain..
*?. CAROL’A
'Charleston—
Rainfall,in
Days rain..
J?acolet—
Ram fa 11,in
Davs
1
3-72
12
2-31
14
7-09
11
{1886.; 1885.!
•
!
Memphis.—
.
Sloryanton.—
i:'
Cleburne—
i
4-39
13
11
8
i
4-38
16
4-04
9*88
15 1
14
1
3-04 11-04
Wilson—
Rainfall,in
Days rain..
17
’
4-30
Days rain..
1
19 j
1887.
J
_
August.
1
July.
2-10
14
3-43
Days rain..
8-50 10 23 ! 2-39
3-22
13 j
18S5.!
TENNKS’E.
Nashville.—
Rainfall,in
■
1*18' 8*58
1°
14
502
Rainfall,in
*
4-23
14
1
*Wilmivgt'n-
.
5*38
1887. 1880. 1885. 11867. 1880.
i
1
1
1
T4. OAR’NA
1
8-32 o-io
10 t
20
1-94
8 i
Rainlail.in
1886. 1885.
j 1887
j
1 ‘
Norfolk.—
c
jlbb5
1
VIRGINIA.
•
1880.
1887
1887. 1880. 1885.
1887. .1880. 1885-
i
Rainfall.
August.
July.
June
i :
June.
May.
Weather Record for
f f
fV0L. XLV
4-n
10
1 ’38
0
2-17
i
1
8
237
i
21b
1*8 >
8
10
i
2-99
!
10
Highest...! 4)2 1
Oil
Lowest
A verage...; 757
Mobil,.-
5)3-0
49-7
727
48-1
70-1
Highest... i 4)T2
Lowest.... I 56'4
73 a.
Average..
Selma —
Highest...! 8S-0
8S-9
5T7
72 2
80-4
520
71'7
02-15
910 83-0
5 TO; 48"0
730 OSM)
4)4-0
0T0
7,-4)
—
Lowest....) 590
A verage...
i
;
.
73-5
0T0,
4)3*3
77'7
930
5)8-0!
70-4
79-7;
*55-3
79 O
80-2
9.4-(i
03-ci
79 0
5)7-5
08O
80-4
5)2-7
04-s
78-0
5)4 •/*
(50-0
797
91-0
05-0! 5)0-0
95-0
02-0:
t>8'0; 72-0
7bM!
79-8
5)5*2
95-0
0.30
71 *5
03*1
9)5*3
(>5"4
77 5)
95"0
05-0
74)0
7H>|
100-4
(53-1
I
|
STO
Oh-i
S2T,
!
79-7
93-0
700
80-0
May.
|
.
2 hermometer
i
1
June
August
;
July.
1
I830.| 1885. j1887. 188(5.11885.'
1887.
1887. 1888,'1885
1887. 1880.! 1885.
i
ALABAMA
j
-
Auburn—
Highest...
CTO
Average...
7T0
90-9
Lowest
Average...
02-1
75'2
Shreveport.—
Highest
...
Lowest
Average...
Qr'd Coteau—
Highest....
Lowest
Average...
83*0
47 0
68*0
Lowest
...
Average..
02*0
70*0
90*0 ! 9"W)
00*0 1 72*0
75*0 | 83 0
91*5
62*0
778
1
91*2
0* *2
78*3
92*0
70*0
78*7
!
92*0 i >10*7 100*7
02*3! 00 2 03*9
71*2 1 8/2 78*7
i
97 5
91*0
03*8
02*0
78'9
77*5
94*7
67*8
81*4
93*2
05)0
80*4
j
879. |
(50*5
73'9;
-
»k-9 10T2
52-9 03*9
70 4 75*9
P2-0
02-5
77*7
5)2-0
59 5
78 0;
I
90'7
57*4
72*0
i
90*:
:
01-4
77'0
89-2
5W3
74'4
90*8
50*2
74*5
87*7
:>:>■?
74 7
9(Y0
5-'0
7t5'5
93 0
80'0 i
92*0
029)
80*3
00 f) i
729)
70*7 |
84*0
9 TO
090
5)5*8
7o*o
80*5
91 '7
7 TO
92*9
70*3
925
745
,
....
79'8
82-9,
1
97*8 .It 3*8 100*4
99*7;
* SCO
82'4
)55*9
8 TO
('92
j
82-7;
92'T I 5»4*5
5)395
051-0
5)3-3
81*5
92 5
03*3
S.i*3
82‘7;
8/9
94*0
73*0
85'5
9 TO
71*0
85 0
93" i
7S)9>;
87-0
92-0
79‘U
94*0
95*0
58*0
99-0
C2*0
79'U
7f/0
8 TO
90-0 1050 100-0
520
54*0 570
73*0 70 0 80 0
95*3
(58'4
79 9
91*0
(55*3
809)
98*7
)54 4
82*2
00*7
8Ti
7))';)
78*7
00*4
81*0
90*o
77*0
85*5
9 TO
3 40
8(>*3,
:
•
Liberty Hill—
Highest—
91*0
t
*f*
!
LOUIS’NA.
N. Orleans.Dighest...
....
88*0
45*0
7U*2
9T0
Lowest,
'
;
101-0100-7
....
15 i*7
80"3
Lowest
...
038
()I *«s
eral persons,
81*8
and
5)4*6
71 8
82*0
90*6
6)5*0
82*0
940
7 TO
87*5
940
70*0
85*9
Average
Vicksburg—
Highest...
..
Lowest
...
Average...
Brookhaven-
;
’
SS'O
50'0
70'4
90*0
4:5*0
08 0
900
92*1
59*9
08* 1
749
8GM
Lowest...
5-*0
72*U
Lowest
Average...
Leland—
Highest—
Lowest....
Average...
J
•
Highest...
Average...
Green vilie—
Highest....
9 T0;
14 0
7 00
73*3
90-9
520
Lowest....
Average...
Oloster—
Highest...
Lowest
Average
—
.
87*0!
80*8 :
940
90*0
90'0
00*0
00*0
!
47*0
45*0;
09*1
| 559'
«l*o
1
70*0
75*7
!
96*0
1
i
: 52 0
I
90*0
05*0
1
79*7
I
99*0
•
•
•
.
t
.
j 75*1
....
f
.
t
.
98*0
-
*
*
05*0
-
.
i
..,!
82*0
....
....
ol'U
790
94*0
:
90*0
,
90-0
oo-u
95*0
ot>*0
93*0
03*0
780
84*0
88*0' | 92*0
t
94*0
04*0
790
; 94*0
: O7*0
74*0
9 TO
70*6
780
5*5*0: 95 0
(54-0
05*0
84"5 82-5
90-0
;
r
940
05*0
73*0
95 0
07 0
82'3
70*0
*
5)5-0
ovo
700
81*0
04*0
*
5)4-0
OO'O
95*5
70*0
82*0
019.
79 0
09*0
92-0
009)
78-0
80 8
03 0
880
9 TO
88*0
47*0
71*8
5)0*3
0(5*1
80-4
5)4*0
78*0
78'4
fl-,4
04-1
79 9
98*0
95*0
520
75*0
0)0-0
1.
75*0
87*0
40*0'
073-
83-0
Lowest....
Average...
89*0
95*0
87*0
02*<>
71 *4
009)
73*0
409,
07 0
90")
0 •()
70 0
90*0
88-d
0i 0
70 0
4 0()
070
00*0
79*5
....
-
...
1
....
...
|
...
!
I
02*0
80*0
!
100-0
94*0
9-5*0
0 42
07*0
80*0
.57*)!
83-u
9 TO
9)5-0
4 U
ti))-D
Tn
....
.
.
•
.
....
90-0
08-0
83-0
•
•
.
....
•
.
....
.
....
I
—
..
5)7*2
01*8
79*0
94*0
o:/0
79*4
....
....
ii
ARK A NS’S
Little Rock
Highest.
i
9(5*2
00 9
1 50*< ■
,
04*0
090
04*0 :
su*o
’
97*3
04*3 (55*8
73* 7 '7o*4
_.!
..
70*U
989)! j
759)
94*0
90*0
500
74*0
!
92*0
($2*0
70*0
97*0
,00
9 TO
00*0
70*0
94*0
48*0
740
.
.
Clarksdale—
Highest....
90*0
52*0
9(5*0
5yo
70*0
01 *0
92*0
59*0
92*0
|
5)4*0
•
98*0
0
152*0
89-0
02
5)7-0
<>2 0
510*0
(52*0
5)8*0
SU9>
.3(1*9
84U
117-0
?* 1
772
....
70*0
773
3T2
90*0
5S*<
7sro
92*0
93*0
ti()(i
709)
517*0
40
3i r t
94*3
<134)
939'
OT»
7 o*5
103-3
103*i
98 (5
1045
57*1
05*0
3 I *0
029
l, 1*3
75)95
800
97!
79 0
92'1
00'2
70 1
5)8*5
90 <)
;>m*7
7C0
o/.-i
I>0'2
30* 7
5)0*0
)57'3
30*7
S))5'2
042
79*8
sti5*:i
154-11
31-7
9(5*0
00*0
87*5
98-1«
93-o!
5)5-0
82’) 1
55'))! 023)
78*8 79-
80*0
Helena—
Hignest....
Lowest
.
Average..
lort Smith-Highest..
Lowest..
'
id *8
97*9
ft i'()
4V.I
SO'3
4 1 *0
039.
7(5*5
3
f
3
739)
oo* e
70*8
09*2
78 S
s-'O
:o*2
To* <
91*2
4 47
08*1
83*2
9)5*1
02*0
74*7
91*1
;>0*t>
72*3
Highest..
1>C‘5
90*2
9(5(5
93*0
Lowest....
0 4"'
7o*2
90*0
01*1
7 TO
415
00*0
09*1
(54<
03*4
770
70*1
70'.
ST-0
54 0
70*0
80*0
44*0
08*0
90*5
00'U
70*0
89 0
03*0
739!
9)40 i 979)
♦529!
70'))
80*5
799)
90*0
50'0
79*2
91*0
88*0 1009)
37*0 | 099)
05*3
92*0
91*0
101*0
9)’>'0
000
59*1
740
OH'O
5)15-0
52 I
j 7Cl
7T7
70*0
83'7
77*9
78-75
1549)
81-7
87*<V
(53*2
79*9
S'O'U
(57'2
80'3
5)3*4
07'2
82*9
92*5
07*9
82*8
5)4*5
91*3
75*) 1
7l*4
84*9
831
95*4
9*5*7
05*o
77'9
9195
03*2
101*5
9(5*7
(54*5)
80*5
5)50
09-5
80-9
95*0'
54*0
72 2
Average
70*5
..
TKNNES’E.
Nash rill, .—
Highest.
Lowest
Average..
SIcnwhi.s.—
..
Average...
447.
00"2:
95'7j
Lowest
Average...
Austin.—
Highest.
.
Lowest....
Average...
80*0
42*0
<8"5
09*9
SO* 7
80*3
Lowest...
56*9
75*9
»HJ*4
74*0
Highest...
9 T9
92*3
Lowest....
40*5
72*1
02*2
73*8
920
519* 1
00*0
90*0
92*0
9 TO
50*0
02*0
74*0
Lowest....
Average
Cleburne—
Highest....
.,
...
Average... 74*2
Austin—
Highest.... 100*5
Lowest
Avenue...
9)5*1
77) t>
7 4 ”6
97-8
(5t)-4
78-3
5)8-5
59*5
795
5)8-0
5)8*0
(50 0
80*4
.VP;>
j
5 TO
70' I
43*0
09*7
87*7
580
702
1039)
90 0
04-1)
98*0
02 0
78*3
77-4
i
!
Highest....
Average...
Fort Elliot—
Highest...
5)7-7
53* 7
!
44*0
Galveston.—
Average.
Palestine.—
1
07*0
TEXAS.
Lowest
!
5)l)-3
o7 S
?tV5
"
')4
I
Highest...
15 40
.
Ashwnoit.—
-
009)
i
i
!
87*4
5T4
09*4
(50*9
82*0
359)
59*3
94*2
57*3
73*0
90*5
90*0
4')*0
949)
0 40
07*3
78*8'
98*0
59*0
<7*2
i
t
i
^'7
72**2
92*0
73*4
84 0
Of.'j
82*o
7S*4|
518*7 101 7
59*0 09*0
7 5* 4 79*0
i
93*0
5)8*0
709)
809)
0291
77*9
5)99)
7n*0
83-2
,
t
‘970
79 m*
89*5
55*0
7)5*5
10 TO 101*5
o7*u
0091
82*3
84 0
5)>*0
.03*5
8395
I'd *5 103-5
740
7u->>
> 7*5'
'Cl
98*o
5/5
83951
re¬
ail average.
nn g
t
he
dry, thi‘ r.dni'all reaehmy on one day
Other toil' days In ing veiy light.
in >
.
i
:
'cotton erop poor.
h has been
com
p <ra 11 v«
L lb-100 inches, the rain
drought, and. as i he wore is stripping off the leaves, will probably
never open.
Some thiuk that the crop will lie about three-fourths of
What was i-xpe, • ed.
Greenville, Mis*.—Crops in this section are suffering from shedding,
rust and worms
Crop will be about 2 > per cent -limt of previous esti¬
mates—probably mere. The crop of worms in sigln is likely to strip
the weed.
Lei and. Miss —The dry weather for the last three weeks has caused
cotton Wished ;.t least >0 pel cent, and on ’lie. liyut lands iwoMnrds of
it is opened; if the weather continues good will get through picking by
the 1st of December.
Oloster, aiss.- Cotton is beginning to come in -fifteen davs earlier
than last year, 'i lie cm- .p is much short of last year in this section oa
account ot rust aud drought.
Helena, Ark.— During the month it 1ms been demonstrated that tine
stalks do not make a lergo yield. The falling off has been very great,
So far the crop
has
The
weather has become sensibly wanner. Iu Upper Egypt pick,
ing has been fully under way for more than a week, and in
Lower Eiypt it has commenced, and in a week will be genfine wt ather continues. In quality the
be excellent—much better than last year.
under the auspices of the Government, of
c tt«ui
seed l as produced goo 1 results, ami we hope that
hereafter the distribuii ><> will be kept up.
We are counting
on a cop of at b ast 3.000,000 cautars, some merch n s saying
it will be. 3>4 millions, if nothing unfavorable take-* place.
The first figure, however, is considered the most probible.
Very truly yours,
E, S.
if the present
eial
appears to
Tr.e distri ution,
crop
East India Crop.—The
Bombay Company’s (Limited; cotton
rep >rt of August 1(3 says :
Complaints have been received from afi quarters of to > much rain,
and .i break of line weatb- r is urgently vv int* d.
Net much d imago has
yet been done in the Berars. Dhollera or Bengal d'stre-ts. bar a break of
sunshine is required to strengthen the plants and to alio v of weeding
b ing u» dmtakeu.
The mast unsatisfactory reports eoiue from Broach,
b it some of these are ex tgger.tted.
More thau half tlie crap lias.no
doul-t, been washed away; but advices received io-day stare that a
break has set in, and if it continues the fields will be cleared of weeds
aud the crop re-siwn; aud as it is too late to re sow some of the food
crops, which have been ruined by rain, this land will aii **.-» put under
cotton, so that although the erop will be late, with favorable weather
henceforward the outturn should be large.
The
following is fiom Messrs. Gaddum, Bythcll & Co.’s
Chop prospects are not altogether satisfactory.
had a week i f L il ly favorable weather.
On the whole we
L> ss rain would
have been desiiab:e, but in most of the Ooinra and Dhollera districts
the dry intervals ba ’e b* on of sufficient dutution to allow of weeding
ming earii d on, and just now this is an Important in itiei*. In the
Bro.ieh districts practically nothing could be done 3 et, and a bieak of
tine wea1 her is urgently needed to allow of re-s<»wiug m ing pr. eeo led
wnh.
Bengal districts have also had too much rain, ami some damage
is reported.
Jute Butts, Bagging. &c—The demand for bigginghas
been fair, or<t rs coming to hind quite freely a id some large
sales ate reported.
Prices are st a ly, s diet s q ior,uig
112 lb.;
gt\ for 1 ■;,{ In.; 6,J4>*7c. lor 2 lb , and
7l4:d7l2'‘. for tan-l tm gra les.
Baits a e moving faiily,
tti'mgli'the mirket i- not active. P. ices are firm, paper grades
being quoted at 21gm2|^c., while bagging qu tiny is la Id at
2}4<<i 2;y.
(hi, for
Line Following are the Gross Receipts of Cotton at
New York, Boston, Philadelphia and. Baltimore for the past
week, and since September 1, 1887.
ly
on
Grand Cntmu, La.—The cotton worm is at work; as we passbyt.be
Cotton Helds we ean - ni• -11 if lrom afar.
Planters do not agive as to the
extent of tiie d an aye.
The upper holla no laie on account of the
good progress, and no fogs have been announced.
5tS-5
08-5
840
activelv nr gu ssing.
(’olnothin, s r. - Closing d lys of tiie month unasatiily cool, retarding
opening <0 i■ i»i tiin.
Forsi/ h, <i>t.— \V< lpive bad nice. showers through tin* montb but no
hOH\'\ laius
i lu-re will be an abiin lant eorn e>op.
Cotton eron aboil
dll
made
Ml-I) 103*9
7. *<)
08*5
85* 9 84*0
.
Morgan tun, V. <—T S i«* crop*. r lehru, am very #*md except i i few
plan s omrw Iiai iiijn: ed by o\ ■* ril i\v.
Slultbufa, v. O'. - imr Hi? the earl> part of the mo eh there were some
Very be;ivy wa hmg; raii.H wliieli. ImWever, did li 11>* da < age.
i h**
Went lie* lias b *n yen era Hr *'avor able for all erops and t lie r!< -.si u g da \ s
of ilie mnreli inve be mi ivmaik 11> 1 y Hue for euttou p.eking, tvhn-h is
1 lie weal her
found to be without foundation.
have
<-
—Very dry i:i tie- middle of ihe, month
were
9(50
80
83-2
:
Gentlemen—Since the date of my last communication,
though we have been constantly afraid of trouble, nothing
has happened to diminish the prospects of a good cotton crop.
Fortunately, for some days this week the Nile has been sta¬
tionary and, except at a few places in Upper Egypt where
the dikes have giyen way and some thousands of feddans
planted with corn and sugar have been inundated, no over¬
flows have occurred.
It was reported that in the neighborof
hsod
Ziflu, a district of white cotton, and Denouk, a dis¬
trict of Gallini cotton, the dikes had burst, but the reports
5)8*0
040
80*0-
0*0
> the farm¬
hour ihe rainfall amounted to 10 iuohes.
greatest iu this couay, especially the central
Messrs. William B. Dana <£ CoNew York
report of like date :
74-0
which cotton
interesting letter from our correspondent at Alexandria, re¬
specting the cotton crop in Egypt, which we have translated
and give below :
Alexandria, Sept. 4, 1887.
98*8
50 5
7 40
•
on
Egyptian Cotton.—We have received this week another
93*7
58*9
77 "2
97*0
overfl >wed lands
an
was
04 2
80*4
The folkwiiijr remarks accompany the month’s weather
ports for August, iss; :
—
The area damaged
aud southem parts.
(554
842
842
\ Recor lK d< .snored by fire.
Archer, !7<t
Sc I in a. A l e
In half
97*5
72*3
-
On *5
ing interest.
1 hogs;
standing, ami caus'd damage of $100,000 t
98-2
50*4
70*9
I
orses. cows an
were
92*5
....
5)5 ()’
03-01
8TT
corn
94*4
71*8
83-2
5)8*5
-
especially in the uplands, where blight and rust have do te the damage.
Tne bottoms have stood the drought much setter; but m my bottom
places report good lower crops, no' much middle, aud top er »p ruined
1)7 worms. Some localities report no worms, white sough report all the
ills cott »n is heir to. Eight bales of new cotton h is b‘ en rec ivc t, but
picking is progressiug ati over. Oort on not brought in, on aoo mut of no
buvers and tne desire to ger the cotton picked.
Nashville Term.—Last half of month very drv; late corn orop injured
conside ab y; a deficiency of u-53 iu rainfall this month.
Ayhwood, Tenn.—Drought s ill continues in this parr. of the county.
Corn half crop. Cotton spl*ndi 1. Picking comm me d three weeks ago.
Cleburne, 2V.r.-On the 3Dtli occurred at 4*3 i a m.. e ilendar time, a
thunderstorm and coud-b irst, which floode lall the s re tins, and iu this
city washed away several li >us \s, fences, trees, etc., and drowned sev¬
820
•
MISS1SSVI.
Oolumbua.—
Highest...
409
THE CHRONICLE
1887.J
SEPTEMBER 24.
V
N Kw
<) K a.
PHILADKLPH’A
Boston.
Receipts
fro
m—
BAhTIMOKK.
This
Sinct
This
Since
Th is
Si net
This
Since
uxeh.
Sept. 1.
week.
Sept. 1.
week.
Sept.1.
week.
Sept. 1.
,
.*?. Orleans..
savannah..
1)^341
13.959
29.329
14,047
27,213
3,819
......
1
2,900
9
5,581
SS3
1,370
2,203
Vl<»l)i le
10
10
80. Carolina
5.S17
13.239
No.Carolina
045
2.8)55
Virginia....
2,2,0
4,4)53
Florida
North’n p’ts.
Tenn.,Ac....]
fTnreign
This year.
latst
year..
....
109
1
250
407
!
1,959
4,870
!
(5
10
19,877
(5,60 ’
208
335
43,723
1)1,445
5.127
2 7,20 L
72, 7 8
2,38
■■
2
3
720
1,275
1,587
2
2
3
10
1,720
2,049
3,85e
no
2,104
2,311
3,449
1
THE CHRONICLE.
410
Year
Monthly
Receipts.
particulars of these shipments, arranged in our usual
The
RECEIPTS AND DAILY CROP MOVEMENT.
—A comparison of the port movement by weeks is not accurate*
as the weeks in different years do not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement
for the years named.
The movement sine®
September 1, 1886, and in previous years, has been as follows.
qOMPARATIVE PORT
[Vol. XLV,
form,
follows:
are as
.
Total...
Below
1,901
276
17,144
1,226
we
326,656
343,812
345,445
385,642
980,584
,055, 24 1,090,385 1,046,092
Novemb’r 1,179,379 1,083,552 1,122,164 1,030,380 1.094,697
Decemb’r i,17i,88e 1,069,920 1,104,211 1,059,653 1,112,536
752,827
487,729
513.393
475,757
644,681
January
595,598
385,938
261,449
414,656
February. 404,272
241,514
482,772
163,503
March
283,645
258,332
284,519
111,755
103,375
202,866
89,186
April
185,523
45,918
35,575
133,147
21
47,4
May
78,504
31,6884,715
11,855
June
17,648
429,777
853,195
974,043
996,807
359,205
I
i
,034,4m
4,089
2,490
850
22
746
1,567
019
150
24
2,201
124
21,576
ports, bringing our data down to
from United States
Sept. 20-Steamer
Barcelona—Sept. 19—Biig Lorenzo, 900
For
Starlight, 3,900.
257,099
Wilmington—For Liverpool—Sept. 17-Steamer Hay Green, 5,100.
Boston—For Liverpool—Sept. 14—Steamer Bothnia. 3 ; Bulgarian,
...
CorrclTis.
740
4,476.
Charleston—For Liverpool—Sept. 22-Steamer Amethyst.
147,595
....
July
August...
Genoa. Y’m’th. Total.
loo
100 11,924
Galveston—For Liverpool—Nov. 17—Steamer Northern, 3,314.
New Orleans-For Liverpool Sept. 16—Steamer Alava. 3,921
Sept.
17—Steamer American, 2,969
Sept, 20-Steamer Architect,
487,727
291,992
.
and
werp.
add the clearances this week of vessels carrying
the latest dates:
SeptTnb’r
Halifax
Ant¬
22
.
cotton
October..
and
850
..
1881.
1882.
1883.
Bremen
and
pool. Hull. Havre. Hamb.
7,792
950
019 1,607
4,089
2,4“0
New York.
n
Orleans.
Charleston.
Norfolk
Baltimore
Boston
Beginning September 1.'
1884.
1885
1886.
London
Liver-
14,884
45,947
10.194
19,501
42,299
36,890
For Digby, N. 8.-Sept. 19—Steamer New Yotk, 40.
Baltimore—For Liverpool—Sept. 17-Steamer Baltimore,
61,210
34,467
59,235
39,099
15,966
58,336
31,414
13,187
30,632
24,337
45,143
17,314
Sept. 19-Steamer Peruvian, 1,009.
Philadelphia—For Liverpool—Sept. 13—Steamer
Sept. 20—Steamer Lord Gough,. 1,814.
5,320,624 5,390,686 4,776,199 4,850,575 6,019,738 4,720,364
Perc’tago of tot. port
99-62
99-59
99 37
99-72
99-36
receipts Aug. 31..
Below
Total
Corrections
Total port receipts..
00-28
00-63
ico-oo
100-00
Iu liana, 2,022....
give all news received to date of disasters to ves¬
from United States ports, &o.:
load of cotton intended for steamer
Cape Fear, steamer.—A flat-boat
Cape Fear caught lire at Sugar Loaf Landing. N C., Sept. 19. The
whole load. 3:0 bales, was th*o\vn iu the river to save the flat.
Tiie loss will amount to about $L.< 0 *.
IIay Green, steamer (Hr.), BL.cktaw, fr in Wilmington, N. C., for
Liverpool, was damaged by collision with a dredge So>t. 19. Ex¬
tent of injuries not known.
She would probabiy return for repairs.
100-00
100*00
we
1,165....
sels carrying cotton
00-38
00-41
00-6 4
lOOOO
7
Sept. 14—Steamer Kansas, 2,*81.
For Yarmouth-Sept. 16 Steamer Yarmouth, 25.
113,573
68,679
Aug. 31 the receipts at the
ports this year were 76 0 >2 bales less than in 1885-86 am;
544,425 hales more than at the same time in 1884-85. The
receipts since September 1, 1887, and for the corresponding
period of li e five previous years have been as follows :
This statement shows that up to
freights the past week have been as follows :
Cotton
Thurs.
Wedties.
lues.
Mon.
Satur.
IYi.
.
1885.
1886.
1887.
1884.
5 810
2,79.
9,679
10,739
3 281
Scpt.l
“
2...
44
3...
44
4..
8.
“
5...
13.9.8
44
6...
5, '4-0
7,o89
8.
6,205
13,195
8.
10,390
8,634
8,060
7...
13,382
0,343
44
S..
14,543
19,6 JO
7,33c
5,6*. 5
o
_
5,870
6,983
“
< i
6,3.14
5,675
4,910
9 1 *« 5
44
10..
“
11...
8.
10,101
44
12...
22,181
K.
7,356
11,835
10,959
“
10,1 29
13...
11,933
8.
17,84 3
14,8 05
9,761
16,(33
13,838
12,087
13,10.14,407
2 3. J (
»
“
14...
18,159
“
15...
44
16...
44
17...
28,5*22
25,42'.
14
18...
H
44
19...
3'.447
44
20...
36,' 31
44
21...
25,36-.
21,07
44
44
22...
23...
Total.....
Per.-e.nt;.>
e>
2,914
2,546
2,05'4
2,519
5,040
3,704
8.
8,206
5,61*
8,o 96
6/21410,458
8,579
S.
5,055
2,765
8.
7.215
3,1 96
Do
3.396
8,19 i
4,4 ;3
6,403
AmstTi’m, steam c.
6,403
Reval, steam
8.
13,920
9,486
Do
ti.
12,536
12,970
21,8 3.
8.
11,760
16,598
8.
16,996
15,195
9.606
8.
13,-104
11,687
i
23,011
22,106
'28,856
30,(24
14,-10
17,284
825,009
12,733
13,039
15,719
17,187
18,77s
17,879
17,833
8.
16,201
414,737
210,467
213,023
194,108
210,181
0213
04*32
C4 03
v
Total
d
1C
^
U?,3 51G^ 1]32
....
32 hj*
....
....
....
....
....
....
32 Hi*
....
....
....
....
13«1
13-U
13<u
13gi a> 7:r_' 13C4-'t-7:ta 13G4^732 l3«4®732
l:!G4
h
h
H
*4
k3&'yG4
U
16'^yG4
yi;4
•*4
J
9t(4
loo lbs.
Sales of The week
bales
6>f which exi*orters took
Of which speculators took ..
Sales American
;
Actual export
Forwarded
Total eloek—Estima*ed
Of which American —Fstim’d
Total import of the week
Of widen American....
Sept. 9.
*
532.000
2 ? - .0’ >0
2 ■■*,000
j
Market,
12:30
/
c.M.j
UidMs
Mid. Or/ns
Rare!
v
suppurteU
51-3
Spec. A exp.
ViO.ti
bus ness
>
,5( 0
710
l5o
300
4.08 >
2,490
1
^
5L}
1 l.wtU
2 ,(it,(
Market,
l
4 P. M.
^
Steady
Steady.
at
1-ivi ad¬
vance.
Steady.
47,000
7.000
80 0
6,000
434.000
215,000
4"fO(lO
30,000
b 4,000
5 ".000
6,LOO
5,000
411.000
177,000
27,000
10,000
10o,000
76,000
Qniet.
the dai'y closing prices
Quiet.
Good
demand.
57m
57m
«,U"0
*,
5‘pJ
12,000
1,500
1‘0
Quiet :it
rt iali v
pa
1 04 d
Th
nrsd'y.
st
t*Hdy.
5
-
Futures.
Market.
12:30 mu.
46.OU0
Wcdnes.
■
■
3,000
Tuesday.
iloiiiK.
5 Hi
9."GO
M id.-Sales
2.' (>0
Liverpool market for spots and futures each
Saturday Monday.
.
1,00
4 ,000
49.000
lay of the week ending Sept. 23 and
of spot cotton, have been as follows :
Spot.
69,000
♦
,000
Sept. 23.
07,000
0,000
,00
7,000
48’.000
257,00"
26.« OO
lo.OOO
83,00--
4.000
76 000
4",UUO
Of which American
The tone of the
37.000
*— p:
2?
1
.000
5 0 m.
6
54.000
4.00"
3.0 0
*21 (>>()
Amount atloat
7,792
9 o
e.
Steady.
Friday.
In buyers’
favor.
6jl«
Jig
57ir,
'1G
10.o 0
i ,»;U0
l-LiiOO
.1,000
Quiet.
Quiet.
Raro’y
8t uady.
Weak.
'
Steady at
partially
LG4 dee.
Easy.
higiiest, lowest and closing prices of futurea at
averpool for each day of the week are given below, These
The opening,
*Wo
22
prices are on the b&si* of Uplands,
Low Middling clause, unles
>therwise stated.
2t
21,576
°
•
l
Total bales.
1,901
270
-
32x2*
....
Sept. 2.
Shipping News,—Tho exports
...
-
Liverpool,—By cable from Liverpool we have the following
week’s sales, stocks, &c., at that port, We
vdd previous weeks for comparison.
receipts since Sept. 1 up u
to-night aie now 204.210 bales more than they were to the same
day of the mom 1; in 1886 and 181,714 bales more than they were
to the same day of the month in 1885.
We add to the table
the pcic« ntag*-s of total port receipts which n id eeer> iccciveu
to Sept. 28 iu each of the years named.
—
....
statement of the
01 93
Oil)
270
1.2 7
er
-
32V
....
—
3h
h'i2 5i(i^,na2
....
32 hi*
...»
....
....
....
—
'3a
:<8
(pj) 1 1
....
1 kna ko® l i;-;u
d. 31G®73‘J 3io^7;u: 3ic/"'7:i2 •ho«'7;>2 31C”®732 3i6'3’7:ia
sail
'*
This statement shows that the
NEW York—To f.ivetp< ol, per Plcrur.era Circassia. 2rf>
City
of t luo.-iiM), 2,777
Ltrmia, 4t0
(iumanic, 2,71o...\
Nevulio 1.1 4-*
To Hi II. i or eti mi oi IU. r< i go. 950
lo Ha\ t e, ]k i Ptoan ci 1 a Lelirgogne, 019
To Hr* n.» m p* r M<; n < 1 .- l-n't r. j CO
Tr» re, 170
To Ilnndmi:., j < i 11< mix i Ilan.nn ilia, 1,297
To-AMWi ip. per Me; liars Jan Bnydil, IOC
Rh\lilai.d,
( 46...
........
To 0>< i oa, i»» i sic; n i l1 Ali-mia. 150
T o Ilalifa', j (i so Min i l orua, HU)
;
NL w Oi: i i am-—'I o 1 iuif'K 1, |>« r su am or Editor, 4.089
Carleston—To J i\( r> i o:. ]’< r Mi uni or IU»> asru* z. 2,19o
Nonroi i< — To I n < i j < oi. j i r M( aim r Satuii imi, 850
Hai.ti.vore—11 o Lit or poo). { u-Mum or Nova 8coti. n. 22
Be si on-To I.hoipnol, per steamers la'.eM;ne, l.iui
ra¬
ven a, ' i O
To London, per Mi amor EonU-it r, 2 ■ 0
To Yannouih, per suamtr Yarmouth, 24
j
32^*
Antwerp, steam.d.
176,679
of cotton from ths Umred
States the past week, as per Latest mail returns, nave reaemd
21,576 bales. St* far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published n
flie Chronicle last Friday, With regard to New York we
delude the manifesto of ail vessels cleared up to Thursday,
3
a
4
....
....
....
....
....
Trieste, steam.. .<i.
tot--
04-33’
-e.
*
.
13,54
Barcelona,steamrf.
Genoa,steam
d. 1304^732 13gY«
8 041
13,182
%
....
Do via Leith d.
8.
10,742
8,060
aail..
Do
.
38
Hamburg, steam.c. 5lCall32
11,202
5,645
7,471
8,0- b
9,47*
15,283
.
•
AS h
J« ^°G1
....
h'1 L-J 516^n39 ^ig
.
....
c.
5.630
17,09s
port ree’pi* Sept. 23
tail
6,16-'
8,143
°1G
c.
4/ 69
11,74.
i
sail
Bremen, steam..c.
5,868
16,596
10,205
J
Do
J6
....
....
Havre, steam ...c.
2,b90
8
17,598
14,257
.if
8ail...cL
Do
At '«*' 9G4
Je*904
<JG4
Liverpool,steam a.
1882.
1883.
'
5
The prices are given in pence and Gllhs, thus:
63-64d., and 6 Oi means 6 1-6I'd.
5 63 mean
411
CHRONICLE.
THE
1887.]
September 24,
GRAIN.
Tues., Sept. 20.
| HI on., Sept. 19.
Sat,, Sept. 1 7.
Open High Low. Clos.
!' <*.-
a.
d.
a.
d.
<2.
d.
d.
d.
d.
d.
5 24
514
5 24
i
5 24
5 24
5 24
5 24
5 23
5 23
5 23
5 23
September.
Sept.-Oct...
5 21
513
5 13
5 13
5 13
5 14
5 13
5 13
5 12
5 11
5 12
5 13
5 09
5 C9
5 08
5 OS
5 08
Oct.-Nov...
Nov.-Dee...
j 55 09
14
5 US
Dec.-.Ian
...
5 07
Jfin.-Feb
...
5C9
5 09
5 09
5 08'
5 OS
5 08
5 08
5 07
5 07
5 07
5 07
5 08
5 OS
5 08
5 08
SCO
5 07
5 00
5 07
5 07
5CS
5 08
5 08
5 08
5 00
5 07
5 00
5 07
5 08
5 09
5 09
5 08
5 08
507
5 07
5 07
5 07
5 10
5 10
5 11
5 11
510
5 10
5 09
5 09
5 09
5 09
5J,
513
512
R
5 12
io
5 11
5 11
5 11
5 11
5 09
5 09
5 OS
5 08
5 08
5 07
0 07
5 07
5 07
5 07
5 07
Feb.-March 5(8
Mar.-April. 5 10
April-May.. 5 is
5 08
5 08
5 10
19
WedneM.
1
Tliurs., Sept. 22.1
1
Sept .21
Open High Low. Clos. Open High
a.
(1.
d.
d.
d.
5 21
5 21
5 24
; 5 24
5 24
5 24
5 24
5 13
f> 12
5 12
5 13
5 13
5 12
5 12
5 (S
5 i8
5 08
5
S
5 08
5 08
507
5 07
5 07
5 07
5 00
5 00
5 00
5 00
5 00
5 00
5 (0
5 00
SCO
5 00
5 07
5 07
5 07
5 07
5 09
5 09
5 09
r> 09
5 11
5 11
5 il
5 11
i
Nov.-Dee...
5 07
5 07
5 CO
5 06
Dec.-Jan
5 07
5 07
5 CO
5 00
5 07
5 CO
5 CO
CS
T’Or
5 07
5 10
5 09
5 09
0,
5 11
5 11
J
-Feb.
an
..
5 07
Feb.-March 5 08
Mar.-April.
April-May
5 10
~
19
.
r
.
■
Corn—West, mixed
Weat. mix. No. 2.
white
yellow
White Southern..
West,
West,
Rye—
State & Pa.,
■Open High Low. Clos.
|
d.
d.
d.
a.
5 22
5 22
5 21
5 21
5 10
5 10 1 5 10
5 10
Receipts at
5 05
5C5
j 5 CO
! 5 05
| 5 04
j 5 04
j 5 05
5 00
5 07
5 07
5 00
5 CO
5 09
5 09
5 08
5 08
5 05 '5 01
i
5 04
501
5 04
5 04
5 04
5 u4
5 01
5 05
5 i 5
5 05
September 23, 1S87,
week, due mainly to the absence of export orders and the
sympathy with the disturbed condition of the moneyr market
But the visible supply faihd to show an expected increase*,
foreign markets took a steadier tone; export orders increased
somewhat, some coming from Great Britain as well as the
Continent ;
speculation revived, and prices made some
improvement. But the the bulls moved cautiously—selling
to realize on email profits—aiming to buy again on the
expected reactions. To-day there was some further advance,
which was partly lest, and the export movement was less
liberal.
PRICES OF NO. 2 RED WINTER WHEAT.
Thors.
Wed.
Tne ft.
Mon.
Pal.
80
79
7944
79%
7916
81%
80 5a
813a
803a
8003
82%
82*
81
82%
81 7*
....
81
84%
83*6
83%
83 *8
8 514
85%
8 1%
84%
843a
86%
85
8583
<S5%
87 7a
88*
88*
873)3
S7*
89
89
88%
87-a
83%
DAILY CLOSING
February delivery
Maxell delivery
May delivery
June delivery
-
-
-
-
Fri.
80%
81%
83
84 %
85%
86 *
89
89%
The export buying was
Indian Corn has been more active.
51*
53
56
51
83
Two-rowed State
rt
Six-rowed State
California Bay
81
Milwaukee No 2.... 71
57
•
m
mmm
83
73
84
a
a>
72
a>i 00
62
n>
B>
Malt—State, G-roved. 82
State, 2-rowed
71
Cau ad a
85
60
Buckwheat
53
.
Toledo
Cleveland
...
3t. Louis.
Peoria
..
Duluth
Rye.
i
22,080
10,900
181,600
46.619
fl.OCO
72
289,615
57,146
212,230
370,900
27,000
4,570
0,530
+3,016.172
3,519,001
1,793,370
2,323,357
3,213,339
1,483,313
1,724,357
79 l.S"8
38,540
1,574.315
1,614,205
810,092
56,749
346,022
73.191
16, s 25.271
26,111,3 19
IS,K >0,79?
12.703.120
14,037,498
19,114,962
16.521,706
3,048,303
3,58),752
15,561,163
12,572,011
990,322
303,760
3,537
5.503
29,091
199,077
51,683
383.748
1,475
39,611
309,499
251,010
224,798
Same wk.’So.
130,901
4,312
4,500
16,412
7,933
23,3)9
20,116
0,1"3
Same wk.’St*.
-■
28,5'to
Aug. 1.
18S0*
1,615,871
1,339,480
1SS5*
89-,151
*
Barley.
Oats.
Corn.
Wheat.
Bbla.lMlbs Bush.Q0 lb 5u«7i.56 lbs Bush.32 lba BuihAHlbs Bush..58 llm
4 .’5,128
17,306
951,981
1,85 >,682
230,6)0
121,879
237.372
5,730
30.100
20,160
142,470
38,725
lb-7
depressed early in the week}
latterly has shewn an incieased demand, both for export
and to the local trade. There is not much change in prices,
except that rye flour is again dearer. New buckwheat flour
has appeared in market.
To-day prices were held slightly
alove shippers' limits, and this checked business.
There was some further decline in wheat early in the past
January delivery
50% it)
©
'3>
34%
36%
Barley—Canada No. 2, 81
84
82
52
Flour.
-
Chicago
Milwaukee...
Since
hut
October delivery
November delhorv
Decembe r deb very
82%
©
a>
a>
movement for the week ending Sept. 17, 1887, and since
August 1, for each of the last three years:
1
BREADSTUFFS.
The flour market was scm : what
79
13 bush. 54
Tot. wk. ’87.
Friday, P. M.,
'8>
h
O
35
40
32
34
33
35
White
No. 2 mixed
No. 2 white
The movement of breadslufre to market is indicated in tb e
statements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
Like and river ports, arranged so as to present the compara¬
i
>
87
76
48
74
.....
©
tive
d.
d.
cl.
Red winter
White
Fri., Sept. 23.
!
Low. Clos.
September. 5 24
bept.-Oct... D 13
Oct.-Nov...
d.
5 08
73
78
81
bush.
Spring No. 2
Red winter, No. 2
Open High Low. Clos.
Open High Low. Clos.
!
Oats—Mixed
WheatSyr ins, per
Itieludo
one
t Ineln les 1,333,840 bush, at
week extra,
312,20!
017,408
727,320
Minneapolis.
The comparative shipments of flour and grain from the same
ports from Jan. 1 to S >pt. 17, 1887, inclusive, for four years,
show
as
follows:
include
....
4 1,286,555
61,073.804
154,041,492
40,798 108
4,53 1 .139
5,5 16 655
715,811
1,120,315
35.513,861
71,941.936
38,1^2.o5 1
2,906,701
1,406,806
1^9,565,117
144,342,078
150,254,420
38.057.352
3,103,962
4,512,819
week extra.
one
The receipts of flour and
week ended September 17,
grain at the seaboard ports for til©
1387, follow:
Wheat,
Flour,
At—
New York
7,36 2,092
6 '.983,367
36. 14 -',603
Rye
•
7.840.044
59,3!) 1,053
Barley
Total grain
7.412,469
4 7.H59.411
3 7,064,697
bush.
Wheat
Corn
Oats
*1384.
*1885.
*1336.
1887.
9,631,664
bblfl.
Flour
bush..
bbls.
122,751 ] ,020.808
51,525
75,99 4
140,901
12.4 U
Montreal
57,517
Philadelphia... 23,4 15
.....
2,951
12,724
Earley,
Rye
bush.
bush.
bush.
3,800
2,200
5 2 5,750
13.190
800
44,170
12,000
3 2.785
1,660
713
53,025
7,296
26,815
739,545
739,343
19,12 2
Total week... 306,332 1,591,101
400
89,3.87
83,0-87
18,032
251.630
4 4, '*20
24,200
56.02 J
Oals,
busk.
382.850
127,188
57,241
BO!<tOC
Baltimore
Richmond
New OrleauB...
Corn,
17,200
23,310
Oor. w^ek ’86.. 301,125 3,045,931 1 ,910,857 1,,474,173
4,973
13,281
The total receipts at the same ports for the period from Jan.
I to September 17, 1887, compare as follows for four years:
*1885.
*1884.
10,322,617
9,033,934
9,514,854
9,267,799
68,849.652
47,750,356
34,617,505
1887
Flonr
Wheat
bbls.
bush.
*
1886.
4
6,070,692
quite free and speculation brisk ; but the demand Corn
35.580,105
65,301,272
33,500,533 60,681,225
3 J .104,53 l
22,133,577
24,451,174 27,130,429
being freely met, prices were variable and unsettled, develop- Oat8_.„
2.110,830
2,150,434
2,688.384
2,267,728
Barley
791.733
3,711,950
445,739
ing some irregularity as between prompt deliveries and the Rye
602,213
more distant options.
It seems to be now generally admitted
Totni grain..—
129,671,310 138,702,133 131,525,980 109,916,158
that the new crop is short in the large corn-growing section8
include one week extra.
of the country, but is larger at the South and on the Atlantic
The exports from the several seaboard ports for the week
3ea board.
To-day there was a steady market, with No. 2 ending Sept. 17, 1887, are shown in the annexed statement:
mixed selling fairly for export at
@ 51;%c. delivered.
Exports
Peas.
Oats.
Flour.
Corn.
Wheal.
Rye.
at times
.
„
•
DAILY
CLOSING PRICES OF NO.
October delivery
November delivery
December delivery
Fat.
Mon.
49%
49%
5e %
50%
51%
50
50%
51%
May delivery
Oats have been rather firmer,
from
2 MIXED CORN.
Fri.
50
Tues.
50
Wed.
5o %
Thurs.
50%
50%
50*
5 034
52%
50%
50%
50%
52
51*
52
50
5(>:*b
especially for prompt delivery,
with a g od trade demand, but the speculation was sluggish
and the whole market clo.-es quiet.
t
DAILY CLOSING PRICES OF NO.
.
October delivery
November delivery...
December delivery
....
..
..
....
2 OATS.
Sal.
Mon.
Tues.
Wed.
32%
32%
32%
32%
32%
32%
32%
32*
33
33%
36%
32%
32%'
May delivery.
....
36
-
NewYork
Beaton.
Norfolk
Montreal.
Pluladel.
B dtlrn’ie
N.News..
N Ori’ira
Bush.
Bush.
369,580
302,902
32,791
40 9a 1
..
Fri
32%
7->
32%
•j *•
33
36
33%
35%
scarce and wanted.
Barley is yet without transac¬
tions sulli icidly general and extensive to establish values.
Holders are very firm.
Barley Malt sells fairly. Buckwheat
is nominal, the season not having fully opened.
The following are the closing quotations :—
..
70, So ’them bakcr£7&nd
OO!
$>3 50S4 ®20
family hr da
15 j Rye 8our, superfine..
3 30 a> 3 50
501
O* 1
42'j
7!
10!
2 25# 2 50
Fine....
Co. A meui—
^
'Western,....
Brandy wirm
05 J Bip kwii at
lOOlbs.—
714
33.182
61,974
15,071
67,557
11.610
3'3
4
1.633
24,980
i
4,080
I
Tot. w’k
S’me time
18a«.
JL'iie
..
996,877
1.679,861
2 GO® 205
2 00® 2 On
Hour, per
2 05£2S5
105,703
5
flUrsuiJtdMOn oi
16.538
3,955
GG, 279
36 636
24.932
2-6.119
153.482
tue experts
•
We auu tne
m as Ociow.
corresponding period of last year for comparison.
■
Wheat.
Flour.
Exports
for wed:
1957.
1386.
to —
WeeJc,
Weed:.
Sept. 17.
Sept. 18.
FLO a a.
# bbl. $2 20??$2
2 3t > h 3
Superfine,
Spring wlitat extras. 2 SO® 3
Minn, clear and etra’t. 3 75 a 4
O
Winter all innVov«ra.°. 3 00 7
3 25 5>
Winter X.iv
4 20 S 4
Patents.
Southern ~.n tiers........ 2 85 ct> 3
cviii. cL-traa.. a 20 a> 3
1,405
'
Thurs.
3 %
Rye i*
Fine
250
174,710
Riehm’d.
Bush.
Bush.
3,955
•OJ.uOi
69,757
....
34.3,9 JO
Bush.
Bbls.
84.450
1887.
We.e.lc,
Sept. 17.
Rush.
615.785
1936.
We.dc.
Sep!. 18.
Bush.
91 *,323
7 67,229
1,34 2
Corn.
1887.
11 e.d:.
Sepl. 17.
Bush.
Bblz.
Bbls.
216,521
22,069
1 031 «>
111,-25
7,635
16.5 ,0
Brifc.colV
15,904
1 > ,121
5,161
5,55*<
15,382
125
Otii.c’n’t!-
400
(Jn.Klng.
Oant’nt..
a
.
Indies
Total..
286,114
5,3 * 1
351,092
240,515
151,444
Week,
Sept. 18.
Bush.
408,754
111,140
906
13,455
Zl2
4,071
1,99
158,482
1986.
9.10.-w 7 1,679.96 4
405.79J
746.533
i
THE CHRONICLE
412
By adding this week’s movement to our previous totals w e
this season and last
have the following statement of exports
mason:
TF7ieai.
Flour.
Exports to-
Corn.
Sept. I,’h7, Sept. 1, '80, Sept. 1, ’87, Sept. 1, ’66, Sept. 1. ’87, Sept. 1/86
h Sept.
t<■ Sept.
to Sept.
to Sept.
to Sept.
to Sept.
17, 1687.
17, 1887.
18, 1880.
18, 1886.
17, 18b?.
18, 1886
Bbls.
Bbli.
Bush.
Bu»h.
Bush.
LL 4-4 brown
sheetings were advanced )^c. per yard, some
goods were placed “ at value.” Prints
were in fair demand, anf 62x64s have advanced to 3 5-16c.,
while 56x60s closed nominal at 2%@2 15-16c.
Stocks last Sat¬
urday and for the three previous years were as follows :
makes of bleached
Sept. 17,
of Print OLoths—
1887.
Held by Providence manuf’rs. 164,000
Fall River manufacturers...
72,000
Stock
Bush
Providence speculators
Outside speculators (eat)
'
Un-Kingdom
Continent...
C07.752
351,809
40.083
32,084
0. AC. Am...
West Indies.
Blit. Col’nies
Oth. countr’s
45,413
54,752
45.MO0
50.834
1,584
80,-33
80,148
4,200
758.212
510,540
Total
2,039,263
1,082,990
2,505
4,324.818
3.013.392
571,592
773,490
2,843,247
2,352
303,383
470.2*3
24,404
54,688
19,170
525
33,894
2,087
24,100
1.074
5,215
52-63.591
980,148
1.399 597
The visible supply of
at the principal points
grain, comprising the stocks in grana> y
of accumulation at lake and seaboard
ports, and in transit by water, September 17, 1887 :
In store at—
New York
.
afloat
Do
Albany
Buflalb
Do
.
Earte\
Corn,
Oats,
Rye,
bush.
bush.
bush.
bush.
bus).
18,913
14.394
333,171
359,06 0
48,000
2,214,110
71.900
399.204
,
7.000
40.7 00
63.883
22,500
29,125
2,343,897 1,290,147
2,295
19,971
37,112
12,000
221,581
5,126.389
927,339
.
Milwaukee
Duluth
Detroit
.
Oswego...
Bt. Louis
.
afloat
Cincinnati
12,75 9
32.000
545,244
23,600
52,000
112,916
29,709
441,677
930.H60
58,580
260,010
Montreal
Philadelphia....
Peoria
Indianapolis
....
Kansas City.....
.......
Minneapolis
.
On Mississippi..
On lakes
On canal & liver
17/87.
10,’ft7.
lf\’8(j.
19,’85 1
Tot. Sept. 20,’841
411,628
1.605,855
21,823
1,200.222
1,576,000
.
6,538
1C 9,090
157,363
45,440
52,790
1.941.569
81.000
23.900
.
fit. Paul
Tot. Sept.
Tot. Sept.
Tot. Sept.
Tot. Sept.
40.726
674,539
48,000
5,647,303
4,700
41,000
100.575
Boston
Toronto
Baltimore
1,591,9*2
41.892
17,387
1,261
697
900
67,500
15,471
908,921
9,191
251.000
15,000
1 D.Ono
169,633
5,000
142,2/6
69,»2l
226
4,249
2,480
17,1 12
11,427
2,803
74,180
241
2,692
5,620
were
moderate demand for the renewal of aS'Ortments.
Worsted
were in irregular demand with most relative
in medium grades.
All-wool fancy caasimeres and
activity
cheviots
steadily
7,570.429 4,7r>8,326
313,941
680.359
7,106.089 4,387,5 1 8
281,864
514,054
1
602.Oo8
7,539,860 13,769,321 4,62 ,,667
220, OhO
22 l ,525
456,151
42,618,537 5,596,575 5,619,843
2^,312,654 5,448,933 3,611,560 1,127,202
447,563
The auction
196,800
31,210,-90
rt
was a
sorted to for the distribution of
silks, velvets, velveteens, dress goods, &c,,
importance
held during the
were
Staple goods are generally firm, but fancy fabrics
buyer in some ca^es.
favor the
[Friday, P. M., Sept. 23, 1887.
Importations of Dry
whole the market for dry
were
salts of material
no
week.
TRADE.
goods has been rather quiet
than other wise the "past week. A moderately good dictribution of regular goods and
j >bs” was made by leaning job¬
bers in tins city, and reports Irom ti e interior represent alike
condition of nifairs at the principal distributing points in ihe
Webtern, S. uilieiu and near-by States. But operations on
the pait of wboltsile buyers were conducted in a very cau¬
tious manner became of the stringency of the money market
(which has earned the cancellation of some out standing
orders for iall and winter goods) and business in commisriun
and importing circles was btrictiy moderate in volume. Some
large sales of heavy printed calicoes were made by means of
price concersions, but otherwise prices have remained
unchanged and stocks of domestic cotton and woolen goods
are so well in hand that a steady maiket for some time to
come is generally anticipated by merchants and manufact
urere.
Spring goods have met with more attention from
package buyers, and very fair orders for a few specialties
were place d for later delivery, but the demand in this connect¬
ion was by no means general, owing to the uneasiness felt
about monetary affaire.
Domestic Cotton Goods,—The expotts of cotton goods
from this port for the week ending September 20 were 3,167
packages, valued at $201,189. These shipments include 1,361
to China, 692 to South America, 419 to the West Indies, 350
to Afiica, 134 to Europe, 108 to Central America, 86 to Mexico,
and 17 to ail other countries. Since the 1st of January the ex
ports aggregate 144,491 packages, valued at $8,590,871. Of this
total China has had 74,804 packages, valued at $3,554,071 ;
and 28,624 pae kagee, valued at $2,056,693, have gone to
South America. For the similar period of 1886 the exports to all
ports readied 157,848 packages and in 1885 were 138,136 pack¬
ages.
At agents’ hands there was a steady hand-to-mouth
demand for staple cotton gco< s, but selections were governed
by actual v ants, and there was no disposition to anticipate
future requiiements.
The jobbing t:a<Iewas of very fair
dimensions, but less active than in preceding weeks. Prices
of plain and cot red cottons remain him. and while Atlantic
a
rooms
“odds and ends” of
but
GOODS
hands there
steady
relatively small parcels of seasonable goods, and a
fair number of orders for spring fabrics were placed for later
delivery. The jobbing trade in imported goods was of fair
proportions, but not up to the average of preceding weeks.
110.290
t Minneapolis and St. Paul not included.
As
in
were
Foreign Dry Goods.—At first
57,500
31,07 I,: 09
New Yoke,
fair business in
a
was
firm.
20,500
563,154
4
DRY
260,000 1,077,000 1,336.000
spring-weight clothing woolens, and heavy goods
112,600
THE
383,000
in
were
demand fur
.
20,000
sluggish, but there was a good steady movement
sackings. Satinets have shown a fair de-.
gree of activity, and there was a moderate business in Ken¬
tucky jeans and doeskins at unchanged prices. Flannels and
blankets were in steady request by package buyers, and the
jobbing trade in these goods was fairly active. All-wool and
worsted dress goods were distributed in very fair quantities
by agents and jobbers, and carpets were in steady request and
••
56,100
1,726 896
1,585,300
83,000
85,000
in stockinets and
mmm._
55,031
.
02,000
irregular demand, but some large lots of
heavy 28-inch goods were closed out at very lowc prices.
Ginghams were distributed in fair quantities, as were cotton
dress goods, and fair sized orders for Zephyr ginghams and
white goods were placed for next spring by leading jobbers.
cloths
--
411,757
72/00
1884.
414,000
4 7,000
20.5,000
150,000
request, and desirable makes are
held, but prices are low and not very remunerative to manu¬
facturers, Overcoatings and cloakings ruled quiet, and Jersey
21.103
«.
Sejit. 20,
1885.
355,000
287,OuO
285,000
150,000
continued in fair
164.292
101,131
73 L.936
Toledo
Do
17,537
Sept. 19,
1886.
104.000
48,000
suitings
53,897
afloat
Chicago
Total stock (pieces)
Prints
Sept. 18,
Domestic Woolen Goods.—There
Wheat,
4.989.726
[Vol. XLV.
Goods.
The importations of dry goods at this port for the week
jnding Sept. 23, 1887, and since Jan. 1, and the same facts for
she corresponding periods are as follows:
C1’
r*
S
.* g ©
g; : p :
<rt
7
*
6;
e
•
.
C •
t
a
i
i
p
£
o
:
•
.
t-j
;
<
«
s
c*
•
.
i
i
i
.
a
•
H
,
I
rrt
o se
»; : p:
SP
%
§
!
® •
O’
,
3 •
•
•
•
■
J?
1
•
*
ft
1
,
t
J
3
•
•
•
lit
j 7
*
*
P
,
5
•
•d
.
!
*
J
*
•
*
rj
i
c X -J
—
2
V!
to
X (X OC
i
a x. c.
1
o
1
00 X
1
!
ft
?3
'
boT-
ocTe* bd©
10
|t> X It- < o
*4 r- SC W O
>
t-d
*-•
cr. c to co oi
J
d Xt X'
**W
0(.Cn x co
x
OC to
05 X
!
oool
00
to
1
7
,£.
F
CCd
00 00
a.
cd d
ft*
oi *- ft- -j
OC
— tft
d d
— x
x-
»—1 »—1
to
O
-•
f~
-8
oji to d
o
-
—
oo
-1 -- t0i--1
T. r-* i
4- to
1—1
to - -i 00
j
*4
ft*
OO
ft-
0)«
tx to
tO
Cl J> M V vl
Oi *4
X (ft d -4
to
3
c: I-1
r-1 >-•
0:0 0,10 4
o
CO to
O
cdcdqoT-
co
lO X O O'
X r- 01
N
*
to
x to x
ft
ft
ffl
COW
X
i-
M
r-
011— X ft- X
CO O ww \-C o
Ift t— O' 4* 0?'
r-
d
F*
c. ai
7-7ft c/x. Id
H
xo
CO tv if-
4- oy
0)' d Oi •—
•x
_
p
CPI
— Of -fj
X
a
d
•
1
X'
X O ift 01 X'
*ts
1
Jft ft. X - J Of
Ci* 1 X*D 7ft
<5
v'
X
X
,
.77
X I
-I X
C
-
r*
Z
H
OO CD
o
X
4* oi to
-s
u#
F
—
«•
p
Cl
w
^
d x
o.
O
D cO —*
XI CO X X I—1
tO
v' CO CO
X X --J 4* X
X X
ft-^4
j1
X
!
f*
i
-4-
r- X d
W4XX X
CO
?
—
1— to
to X X —1
ft1
r-
4- Of
4-
xd
X' -'X (-4©
■— to Oi O' o
C *4 -J 00 -1
00
-i
Oxi'OJi
»
M
1C
CC
vx
x to
!
rr
a c cc
)
CO X
4-©
<-
oo
Oi .XJ
1C
Ci vj
— to
X
t—‘
d
x to
X C O to oo
OC XI
-4
-4
f—
i
ft- CO
w
J
7-
j
j
r-1 Oi
x« to X to X
OvCO
o
—
.4-
-t
It*
d CD
H
^
s
-
^4
xt io to x> jo
OC to - J ft. x
is. X X
X
N»
Cb
.
to
X
|
j
-1.
X'
--
!
!
x
*■
J O' X X X
01
X to
tv v 1
vC'
ft
ft
^
r-
-1
^
1
>
i—*
v
d
©
4-
40-00
1
CO
1 O'
■C
tv
ft* : x cc ft*
to OCX to ftift
Oi 0. o
4 d ft ft-
03
to X
»-
X
s
to
-
sn
-
1
on
ft- X ^1-4 r-4
tO LO Oi T. X
X
X
r
d
t0
01 X
X
M
to 4-"-*
d X ft; ft- jo
X
4-
x
oo
I
Oq
o
— ft* X
OI O ft-
j
j
ft
to
X
X
X
r
S3
■
GO
r
j*
Cj
X
55
O' oo x
x xi d oi to
c.
-J
>
io <ft
d
d
ft-
IQ
^4 tO
CO
W
4.
dS 1
'-‘740**.
0
r*
W
d j
1
O-4JX
OD
tO CC 00
t- i~* —
to to
cr. i,
>
-
X
O to
4-
3
CX
-JrJ
v'OO
00
b?
77!»I
8.
M 10 d tO ft-
ft
i 10
*
O '
vO 1
.o
.
|
OJ
X
T*
3V
7ft
-
X — -1 x
cc
-
M
xx to to
a/ 4 r. /. o
' 1— to ft. d
a; d
•
1
1
o;t
oo
.
C.d
X
X
7ft i 7ft ibblo
2
0 jri
*ppp
F to X x
CO
c
X
!
d
M w-* I-*
x
ft
to
*
4-
7-*
j
•
oo
p
O
•
•
•
d
V.
s
>
00
-4 >—
>
I
oi x
GO
x>
X
•
•
Od
_
tc
1
55
K3
4-
•
'till
•
d
©
I
1
V
--
a
ft
wb'oVo
cr.
CO X X'
1
X
-4 CO *4 D X
xco
-
Iftl 35 d
i
—
to
c:
to oo w d
LB
IX
cr.
Of
to
c
-7 M
00 to
ft- X
*
i—
3
: : g
: ; ®
•
*-j j
'cr a oc oo to
tu
O'
t-> to
Oift-1
1
1
H
ft
cx
1c
j
fp
cr. c d oi
c i— oo w j>
d lO
-
I
1
*
O o<
—
I COM
1
4®
a to
CD Of
CO
J
g: j
*
djo
p
31 j-15IC^Wv|
X (-1
xci
§• :
1
~
i
!
P
3
■
iso l Flax Silk. Oot Wool an l*
5
H
o
CD
e+ •
•
•
§
o
ft
w
!
*
.
2§
»—•
3
p
5
5
r-L r-+
3
©
Cj
•
M
3
erF
o2
®
C cp
Zt
H
s
«
ar
«-4
OO
-i
X X X'
4-
cr x
—
x cr
Oi
W
C
w
—•
OC GO
X- to-) - X
05
w ^ ft*>
.
1
c
It4 w'i
to ft* *—*
-1 X Xl ft- X
4-
-4
i-.
'
at
•
.
£
a
.
?
4-
bi
d X. ft- to d
to 0 X X —
i—*
”3
CC d 01 CP X'
X' cO ^4 ft* Xl
-4 X
X 4.
'X to © .■! —*
X
-4
j
@FedFRASER